BTC Sessions - WHY ARE WE BULLISH? Steve Barbour, Dave Bradley, Julian Figueroa ep347

Episode Date: June 3, 2023

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What is going on, everybody? Welcome to the show. Another Friday, another episode of Why Are We Bullish? And I've got a fine group of gentlemen here. All will be present next month at the Bitcoin Rodeo in my hometown, Calgary, which should be a blast. So if you're in and around the area or if you feel like hitting, putting on your cowboy hat and coming on down, then, yeah, July 4th and 5th, it's coming up soon. But nonetheless, very excited to have. all these gents here. Of course, we'll introduce them in a moment, but this is live. Anything can happen, so I defer to my friend Bill here. We'll do it live. Okay. We'll do it live! Do it live! I can- I'll write it and we'll do it live! The fucking thing sucks! Clip never gets old. I'm gonna play it forever.

Uh, anyways, guys, like, subscribe, share, all those things. They help a ton getting this content in front of more eyeballs. I am Ben with the BTC session. this is your daily session. Before we bring in our guests, let's take a look at where we are in the market right now. This is timechain calendar.com. We're sitting at $27,244 per coin.

A single U.S. dollar will pick you up 3,670 sats. In terms of fees, next block, 50 sats per byte, if you're willing to wait a little bit, 29 sats per byte. Mempool is purging anything below 9.8s. Sats per V-byte. And in terms of supply, 92.34% of all Bitcoin have been mine. That's 19.39 million of them. Shout out to sponsor the show, hoddlehottle.com.

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So check them out. Their assisted multi-sick is called Honey Badger. And I've got a full tutorial on it. And finally, big shout out to Start 9. These guys are your sovereign computing solution. You can run your whole Bitcoin stack and all your data from these devices. I've just migrated exclusively to my Start 9 now. And you can run everything.

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So be sure to check them out. Start9.com. Enough my rambling, though. I've got to get these guys in here. to do a quick little intro here. Welcome to Julian. Welcome to Dave and the man of the hour. Looking good tonight, Steve. You look great, man. How are you doing? Thanks so much for the kind intro. I do look great. And happy to be here, guys. Let's do a round of intros amongst the panel. For anybody that's watching that's unfamiliar, we'll just do a quick, who are you and what do you do? Let's start with Julian. I'm just going to go around on my screen here. So Julian, give yourself a little intro, man. Hey, my name's Julian. You can find me on YouTube or Twitter as kinetic finance, and I basically make films about Bitcoin. And I make films

that don't seem about Bitcoin, but are actually still about Bitcoin. So if you want to watch some different stuff, non-podcasty, exploring the world sort of things or doing some crazy whatever stuff, but it all has to do with Bitcoin on the end. I'm your guy. I love it. And I can vote for the quality of content, that Guatemala one that you put up. Damn, that was well done. So hats off to you, my friend. Thanks, man. Yeah, no worries.

Mr. Mustash, Steve, you want to give yourself an intro? Sure. I'm here in Calgary with, well, at least three of us here. I don't know, Connecticut if you are, but where are you? Where did you say you were? Everyone is drawing me out to Calgary. I was just in Calgary last week met up with Madex, actually. But yeah, all you good bitconers are moving out there one by one.

In Canada, it's the place to be, right? Speaking of Maidx, I actually just bought my first Maidx finally. I've known it. I've known him for quite a while. I finally got one. Daniel Plain, what is it, Daniel Plainview from the movie There Will Be Blood. He made a pretty cool. That image on his art looks really cool.

But yeah. I'm Steve. I got a great mustache. Actually, I don't have a mustache anymore. I got a beard now. So NVK, peer pressure me in to go on beard. So I'm now bearding it up. But I'll be back to mustache for the Bitcoin Rodeo in Calgary in a month. Of course. I feel like it's necessary. If you put on a cowboy hat, you can't have a beard. Should we all do the stash thing for the Bitcoin Rodeo? I don't know if I commit to that, man. I feel like too much of an asshole. Fuck you, man.

I'm too small of a person to have a mustache. Like, I just, I look kind of rapy when I get, when I get the mustache going. Like, I'm on like the skinny mustache, you know, man. If I was, if I had the stature of Mr. Barber here,

then maybe I could pull it off, but I can't. So, I was sad to hear when in Miami people said I look younger with a beard than I did with a mustache, so that hurt my feelings a bit. Yeah. Well, what are you going to do, I guess? Well, you'll, you'll gain a few years when you get down to your proper form. So shit, and I just spilled all over my keyboard.

That's good. Anyways, let's toss it to Dave. Dave, give yourself an intro. Thank you. I am Dave Bradley. I am widely known as the strongest and best-looking Bitcoin entrepreneur in Canada, of course. I am I am also the chief revenue officer at Bitcoin well and I got into all kinds of different stuff in the space.

I don't think I could pull off a mustache though. I think like this like blondy gingery beard here it would just look nothing but creepy. Yeah, I think that's a that's a proper assessment. I think that might. Plus these little bits of white in my in my beard here make me look distinguished. Yeah, yeah.

I think, I mean, it's, it's, again, we all got to specialize at what we're good at. I mean, Steve's good at mustaches, so I think that's okay. We'll let him head up that department. Awesome. Well, gentlemen, glad to have you. I've now wiped off my keyboard. Hopefully it's not dead.

But nonetheless, we're going to get into it. This is, why are we bullish? and simple concept to the show for those watching that may be unacquainted with it. We all come with a topic that is top of mind, typically bullish, but Dave's here, so I have no promises. But nonetheless, we come with a reason for being bullish. And so the format of the show is somebody's going to drop a reason why they're bullish, their chance to rant and discuss whatever topic is, top of mind, something they're interested in. Then altogether, we're going to riff on that reason, questions, comments, whatever.

it may be. And then third, we're going to rotate until everybody gets a turn. So really simple, three hours, reason, riff, rotate. And so I'm going to get us started off this week. And so a couple reasons around my choice of topic this week. Number one is I just finished Gladstein's new book hidden repression, how the IMF and World Bank sell exploitation as development. And I'm also headed to Oslo very shortly for the Oslo Freedom Forum and going to be once again getting to chat with human rights activists and people living under totalitarian regimes about using Bitcoin as a mechanism to fundraise in adversarial environments. something that I, you know, that all as Canadians kind of became a little bit more familiar

with over the past year and a half. And so my reason for being bullish is, is the increasing ability to tell the IMF to go fuck itself. And so it's, you know, it's still at the point right now where it can be difficult as a nation to get out from under the thumb of the IMF. And we're starting to see hints of it. El Salvador is an example of that. But again, it's still early days. And who knows if they're going to bring their own brand of freedom to El Salvador for its transgressions.

Hopefully not. Hopefully they can kind of just grow and do their own thing. and show that you can be prosperous without getting structural adjustments from the IMF on the regular. But nonetheless, first, I want to outline, like, this book is pretty wild the way, and it's an easy read, but it basically kind of details the history of the IMF and the World Bank. There's stated mandates of lifting the world out of poverty and their track record of doing effectively the exact opposite to the point where either it's intentional or or they have the worst tactics imaginable to achieve their their means.

And so the the trail of despair that they've left in their wake over the past number of decades is is unprecedented. And anybody that's tried to basically push back against that. anybody that's tried to get out of those systems of oppression wherein they they basically have to devalue their own currencies and they have to take these loans and and and and and adjust their own economies to be economies that basically export all of the value of the of the country to wealthier nations um while not really spending any time actually building out their own own infrastructure and making themselves self-sufficient. Anybody that's pushed back against that and said, hey, maybe we could build up our own industry or not use the currency that they're telling us to use and back something with gold or choose an alternative. A lot of those leaders find themselves dead. Or, you know, there's been a handful of examples of that not

turning out so well and and other leaders being put in place that are more than happy to to accept the terms of the IMF and World Bank or a lot of times the IMF and World Bank will just cozy up with the worst of the worst dictators that don't give a shit what the people in their countries want and are more than happy to take the money and siphon off a whole bunch of it for their own reasons and then build out whatever the IMF wants from that country. And so, yeah, seeing Bitcoin as at least an outroad for the citizens of those nations, at least being able to localize that in a place of, hey, I'm not going to operate on this standard. perhaps I can at least hold a money that isn't beholden to the IMF and perhaps create a small circular economy localized that isn't beholden to the IMF. And this kind of, I think more grassroots ground up approach to things, I think that's what will be more successful.

But I also do hope that we see more nations kind of flip the bird to the IMF with. Bitcoin as the impetus to do so. I don't know that it plays out that way, but I think it's a possibility. At least we might be seeing the beginnings of that. And I'm also very happy that somebody that has these types of conversations around this exploitation is part of, again, the Human Rights Foundation, Alex Gladstein, is able to kind of get this message out to more people. Like this book is is going to be in like Barnes and Noble and kind of all over and more accessible to people. And even just sitting out reading this, I've had a whole bunch of people say, oh, geez, that looks very, very interesting. I'd like to read that. It's funny because the

title of it sounds very woke. And so a lot of a lot of people maybe on the left side of the political spectrum that wouldn't typically look at Bitcoin. yet might look at it because of this because they they may see that as an inroads to be even more woke and then they'll get orange pills in the process. But nonetheless, I'm just excited around the developments around this and that people that are getting screwed by the system are starting to see a little bit that this at least helps them dodge some of the shitty things that regularly come their way. I am going to be in Oslo for for the Freedom Forum there.

And it's pretty interesting chatting with some of the people there that are trying to fundraise in places where it's just, you know, every other Fiat on ramp is, it's impossible to use. And so just the idea of being able to get any sort of value into the country is, is very valuable. The difficult part is once it's there,

how do you use Bitcoin to achieve the meet, what you need to achieve. How do you use Bitcoin to get the, the resources that you need for whatever your protest is? So, and that's different to wherever you go. And it's a case by case basis. But nonetheless, I'm excited that Bitcoin is being used in this capacity. And, and I hope to see more of it.

So I'm going to, I'm going to leave it open there. And I don't know, we can take this topic wherever you guys want, but I'm just curious your thoughts, criticisms, positive things you see out of it. I don't know. What do you guys think? I'm like one of the great things, like Alex Gladson is such a good voice in this space

because he's one of these people that encourages you to really look outside your own borders. You know, like we're so focused on the Western paradigm of like how our Fiat system works and totally unaware of how awful it is in other countries. Has that reading that book inspired you to look at the politics of some of these other countries?

I imagine like Africa plays a really big part in that book. Yeah, yeah. There's a lot about about Africa in there. Farida, Farida Nabarima. I hope I'm not butchering her last name, but she's from Togo and she details a lot of, a lot of stuff that's going on within Africa with the CFA zone, like the whatever the Frank, the front,

I can't remember what it's called. But anyways, like basically the, the currency that is dictated by France for about 15 African nations, which happened to be 15 of the most destitute places on the planet. She talks a lot about that. And she talks a lot about how Bitcoin is kind of the first time that a lot of these places have access to anything outside of just the local currency. they don't you know they it's very difficult to get their hands on dollars and so you know when when you can

actually get and transact in something that is anything other than your local currency it's incredibly useful to a lot of these places not to mention even just getting money home from other places on the planet the the exchange rates that you get are not the actual it's it's like the official rate that you get through Western Union or whatever else you're using is like half of what the street rate is. And so like you're seeing just the total shit conversion whenever somebody tries to send money home. But if you get it in Bitcoin, it doesn't matter if it's volatile and you see like 10% or something in a day because it's much better than the 40 or 50% care cut that you get just from the shitty rate. So yeah, it's yeah, see you get to kind of look at things definitely outside. of the context of home for sure.

Yeah. I think that that haircut you're talking about is part of this transition that we're very likely going through right now where I think most of the small currencies in the world are going to die in like the next maybe five years. That's soon. Yeah. And when like think about it, like we've got these regions already. Like the CFA region, you know, there's a big part of Latin America that's all on the US dollar.

I think that countries are going to be. forced with situations very quickly and maybe like global markets might not see it because we've got those official exchange rates going there but when the street rate goes so badly it's getting to a point where that currency is just about ready for collapse and you know argentine is a good example where they for the I don't know fifth time or something like that in the last like 30 years have reached the point of currency collapse and they've got a new IMF bailout and the interesting thing in that bailout is that it includes a bunch of anti-Bitcoin regulations. And so, yeah, they're basically making it harder for payment processors in Argentina to handle

Bitcoin or to handle payments related to Bitcoin. So it's, they're essentially making it harder for Argentinians to buy Bitcoin. And I think that that's a pretty interesting detail because it's kind of like the first point where they're realizing like this is a threat to this, this, you know, pillaging system that we've got essentially. That's essentially what's happening, right? And you mention all those countries essentially being looted by the French for however long. When they print money, like when they print Canadian dollars, we're all being stolen from in the sense that our purchasing power is going down.

And when more currencies around the world die, these little countries have basically been using their monetary policy to spend money and make up for the lack of restraint in their fiscal policies. And as they lose the ability to use that monetary policy as a tool to keep spending, now they've got a choice. They've got to go somewhere. And I think a lot of them are going to go to regional currencies like what we're seeing, you know, what we've already seen.

But between the euro, the U.S. zone, sort of the different, different regions like this. And what expanding your currency to another country accomplishes is now you can steal from their population too. And like they've been very blatant with that obviously in the, in sort of that East African zone where the Frank or whatever used to be the Frank is used. And yeah, I think that's what they're expanding towards right now. And the choice is going to be between a regional one and Bitcoin. And so if Bitcoin becomes a viable option, And it's not just does the government see it's viable. It's like when you get into those situations where nobody's willing to accept the national currency at face value, does Bitcoin become the thing that people run to?

And if there's a bank run and Bitcoin happens to be the next most trusted form of currency in the country, I guess, that's what people are going to run to. and the countries that run to Bitcoin first probably will end up as like the richest countries in the world somewhat fairly permanently because they will accumulate bitcoins at a rate that those who come later simply can never match. Yeah. Yeah. Sorry. Go ahead. Oh, yeah. I think there's like a pretty important step before that. And I think it is the continuation of currencies moving to the U.S. dollars to back their reserves more and more. Like we've already seen that across South America, Latin America for the last like 30 years. They've either just full on switched or you got something like the Guyanese dollar, which is basically just pegged to the U.S. dollar, even like the Chinese Yuan is.

But, you know, one of the really interesting things that came out this week that led credence to that idea is the fact that tether, you know, as opaque as it is, just hit a new all-time high in market cap. So there are now more dollars in the tether treasury, according to them. and the Tether Market Cap is at the highest level that it's ever been, which is pretty unusual given the last two cycles because usually Tether's market cap draws out. And what that tells me is generally when Tether's market cap has expanded, it's been because it's been U.S. dollars trying to come into the crypto space to go on exchanges by shit coins and anything like that. But with the crypto space still far from all time high, but Tether at basically it's all time high, that tells me that people just want U.S. dollars in and. way, shape, or form. And I think that is going to be the trend for the next five, 10 years. And whether or not countries back their currency straight and they work with the U.S. government or the citizens just take it upon themselves, do it by just buying stable coins.

I think we go there first before people arrive to Bitcoin. I don't know. I'm curious what you guys think about that. Yeah, I think we're already there. And I think when they hit that moment where they have to either, they have to abandon their own unit of account at some point, basically, right? And when they hit that moment, right now the choice is somewhat obviously, especially in the Western Hemisphere, the choice is the U.S. dollar. I think Bitcoin is going to be an option as a choice. And I actually think we're going to probably see very similar results to what we've seen with the U.S. dollar in the Western Hemisphere throughout the world.

We're probably going to see most of those little currencies die. And I think you're probably right that the phase that we're in right now is that they'll go to the regional currencies. so they'll be on the euro they'll be on the yuan whatever i'm already off the canadian dollar dave like my company is off the canadian dollar like like we're all all of our fiat is mostly usd and the rest is bitcoin yeah we accept all three is payment canadian dollars u.s dollars bitcoin we try to obviously encourage people to pay in bitcoin we'd prefer it but we're always managing the treasury and uh our general policy right now is minimal minimize CAD, minimize, only use enough, only have enough for payroll and like the critical, you know, paying payables and stuff. And then when I need to top up CAD, I convert US to CAD. And a lot of that is too, I have a lot of US clients. But I frankly prefer to hold USD over, and I'll always hold like a decent balance of Fiat because I, you know, I have to run a business. I can't take pure Bitcoin volatility. It's sort of difficult.

So we have a mix, but it's usually like, you know, it can fluctuate, but it's anywhere like ramping up and down between, you know, 50% one way or the other, between them as Bitcoin volatility changes. But like CAD is like, like Canadian dollar is such a shit coin. Like, why hold it? We got rainbow money over here, man. Yeah. The Canadian moose shackle has people like to call it. The Canadian dollar will not be among the. ones that survives. Nobody accepts like any, we do a lot of international trade in the sense.

Like we bring in, like I brought stealing from China, for example, bring a lot of electronics from China, a lot of U.S. goods. Generally, that's the gist. Maybe some other stuff like for some random places, but nobody accepts Canadian dollars. So having Canadian dollars for trade is worthless. I have to convert it and eat a conversion cost. Some of my clients actually, because of Burnt, and Bitcoin mining do accept Bitcoin. So even Bitcoin is more useful to me for international trade, trading partners, than Canadian dollars. It's unbelievable, right?

But I mean, Bitcoin obviously is amazing for international trade because, I mean, as long as the other counterparty accepts it, we all know how easy it is to use compared to Fiat. It's still hard to use it. And a lot of people don't accept it, especially a lot of Chinese suppliers that were accepting it. you know, weren't allowed to now anymore because of that ban that happened or they're nervous about accepting it. So we'll accept USD. So we just hold we just hoddle USD and we're a Canadian company, let alone like, you know, we're slowly hyperinflating, I guess you would say, but we're not at the level

of like maybe Argentina is presently. We will be like probably next year, but not this year anyway. Yeah. It's funny. I, I, most, I mostly live on Bitcoin now. My, so Bitcoin is obviously like my, my store of value. My unit of account is USD. I never invoice in Canadian dollars anymore. And I begrudgingly accept Canadian dollars as payment

if I absolutely have to. And typically it's just enough to kind of cover bills that I have and they get spent and like, you know. So, and you know, all Always hedging against the eventuality that if my bank account gets shut down, then they get nothing. They can pay out my credit card if they like. But yeah, it's, yeah, I mean, Steve, you're so right in, like, moving away from the Canadian dollar is natural from anybody dealing in any sort of international market. Like, why would you use the Canadian dollar?

It's completely useless. such a garbage shit coin like just though it's like a woke shit coin at this point like yeah it's just crap and it's like the it's like the worst of all the fiat's like if you touch the can't a can't even wipe your ass with it you can wipe your ass with an american dollar bill the hundred dollar bills still smell like maple syrup though I didn't know that try it right it scratch and sniff dude I actually believe you.

Are you serious? It's legit. That's just if a $100 canadian bill is holding a maple cereal. Imagine if they had taken the resources that went into making maple smelling $100 bills and actually just stop fucking printing money. Incredible. Incredible use of resources. Awesome. Well, okay.

Well, I'll wrap up there just by saying that. Yeah, I love. the idea that more people are kind of waking up to Bitcoin being a tool to sidestep, these institutions that claim to be, uh, to, to, to want to pull people out of poverty,

but are doing the exact opposite. And, uh, and yeah, I, I can't wait to see, see more of these types of ideas circulating and, and,

uh, a wider recognition of how insidious some of these organization, organizations that claim to be altruistic truly are. So with that, we're going to do a rotation here. And everybody in the chat, by the way, thank you for dropping messages in. I'm going to start pulling more of them up just to showcase at the bottom of the screen now that we're kind of through my topic.

But I'm going to rotate over to Julian. I'm going to toss to you, man. And I'll just cue you up. Why are you bullish? Why am I bullish? All right. So shout out to BJ Dichter. He's in the chat.

I spent, supposed to be two days. End up being five days hanging out with him in Toronto in the back or on the side with him in his truck. Learning about what it's like to be a Canadian trucker on the road, talking about everything that you guys went through last year, learn so much, putting together that video. And I came to our realization partway through making that video. Because every video I've made on my channel has been just like always about Bitcoin. It's either I'm going to a country to check out a Bitcoin circular economy. I'm checking out a mining thing. I'm going to El Salvador, whatever.

The main focus is Bitcoin. And I'm realizing slowly that the people in this space have their own stories that are almost, if not more interesting than the whole macro picture in the history of Bitcoin itself. It really comes down to the people. And it made me have this realization talking to some other. filmmakers and creators in this space that I think that is the future of Bitcoin content moving forward. It's not going to be, you know, I joked earlier, like I think when we think of Bitcoin content, we think of podcasts and tutorials and clippets of Michael Saylor with like stock footage

and really like inspirational music. I think that stuff's going to be around forever. But I think the future of Bitcoin filmmaking is not going to look like Bitcoin filmmaking. It's just going to be telling really human stories that just so happened. have bitcoinsers in them and seeing how their lives have been affected and changed and their values have gotten more reinforced or have kind of synchronized up with bitcoin's values so the video i was making with bj dick there was all about you know the life of a trucker what that's like how it goes underappreciated we talked about the trucker protest and all that but one of the last things that bj says in the video is that the emotional gift that bitcoin gives him was connected

him with all of these people, regardless of political background. So, you know, part of the protests was, you know, a lot of the news media was saying, it's a bunch of right-wingers, bigots, all that. But the reality was is that he was connected with people from all walks of life. And Bitcoin was a big part of that. And we have that in Bitcoin, too, or we have these great books coming out. Jason Mayer has, like, the progressist case for Bitcoin. Obviously, there's a lot of libertarians in this space.

There you go. You have it. And I think as we move forward in this space, it's going to become more and more inclusive. I think some of us over the last few years, we've just gotten so obsessed with infighting, and we haven't really realized that the Bitcoin, I guess, call it cinematic universe, continues to expand. And I'm so excited for all the stories and the stuff that I know is being worked on in the background. I'm going to give a big shout out to a couple of people that are making some amazing things.

Max DeMarco, unbelievable great Bitcoin content. A little similar to mine, I'd say even better in some ways. He's making this great documentary on Noster. Play Shamery. They are making games and stuffies and things for kids with Bitcoin. I think that's going to be a big thing moving forward, is creating, finding the image of Bitcoin with children. God, who else?

Paco de la India, guy is risking his life driving on the back of motorcycles for hundreds of kilometers through, you know, Central African Republic, just so that we can see if Bitcoin actually exists there. People putting their lives out and risking everything to bring stories from around the world, not just to say buy Bitcoin or there is no second best, but to tell the human stories behind Bitcoin. And that makes me so bullish. People are going out of their way to create these Bitcoin stories that aren't just

about pushing their own book, but to really. compel people from all walks of life to see the movement, the social and emotional and cultural movement that we're creating. I love that. It is interesting to see, because it was very out the gate, obviously, there's a lot of kind of like, obviously libertarian roots and then kind of, I'd say at first more right wing and now you're starting to see more like left wing progressive, but you're kind of getting a peppering of everybody now. And the best part about it to me is that everybody, when they look at Bitcoin, they effectively say, oh, this fixes what I think is wrong.

And in the end, even if you think the other people that have the same mindset as you in terms of Bitcoin being the solution, even if you think their stance is wrong, it really shouldn't matter because they're also trying to make Bitcoin proliferate around the globe. And so you could technically have the mentality of, oh, screw that guy. I hate his perspective on the world. and I hope that his ideas and policies don't proliferate. But you could also still boost that person up to try and get Bitcoin to more people. Because if you're right and that person is wrong, the economic reality of Bitcoin will come home to roost at the end of the day anyways. So like even if you disagree on people's stance about why Bitcoin is important,

if they're trying to push Bitcoin and make it proliferate, then it's a net positive to your cause. anyways. So it's it's kind of I Bitcoin is very much kind of like a mirror in that when you look at it, it kind of reflects your own values back on you and you see value in things that it will fix for you. And so that's why I think everybody or a lot of people tend to fixate on things and say, oh, this is actually great now that I understand it. It's because it kind of solves some problems for everybody, just different people comment at different ways. And so other people will gravitate to certain aspects of it differently.

So I think the actual progressives case for Bitcoin is that if you learn enough about Bitcoin, you won't be a progressive anymore. It really comes down to like, if you don't understand money, it's going to be much harder for you to understand what money is supposed to do. And once you do, once you do understand money, then it's somewhat of a, a normal logical path to get to this point where you're like maybe I shouldn't be in control of other people's money. You know,

maybe I shouldn't have any input into how others spend their resources. Have you noticed, though, that there's been a seemingly an influx of progressives into like Bitcoin Twitter and the like? Yes. Like, what's your, how do you explain that? They're coming to God moment.

No, so it's interesting what B.J. Victor was saying about that, like, the emotional. impact that Bitcoin can have because I think what's we've been seeing and I had this I had this conversation with made X a couple years ago where we're like this is maybe like three four years ago and we're like man there's something really like just fucked about the world right now there's something really off and it's really hard to put your your finger on it and it was it was very clearly crystallized

for us and everyone else with all of the craziness from COVID obviously that the problem is too much control from the government but when it comes down to it what's going on right now is that the length that money is supposed to provide between a person's actions and the outcome for their lives, money is supposed to link those two things together. It's broken. And it's broken for people on both sides of the political spectrum. And I think that that political spectrum, like, as we understand it now, left right, is mostly false, mostly just a way for them to set us against each other and to come up with differences of opinion about how they should spend the money that they steal. And when it comes right down to it, the real sort of spectrum is between statism and freedom.

And like, how much of my own choices can I make? How much of my own resources can I spend? And because that link is broken throughout society, it makes it very easy for sort of like the globalists, the mainstream media, etc., to point these two groups at each other. And you've got the Trump people who are all like, they think their lives are fucked because immigrants took their jobs. and then you've got the woke side and they think their lives are fucked because the patriarchy is holding them down.

And really the fact is, most of the value that they create with their time is being stolen by the government and misallocated. And that's the thing that they're actually worried about. That's the common problem that the left and right face. And Bitcoin can be not only an actual solution to that, but in finding the Bitcoin community, people find a place where they're like,

okay, I knew something was off. and now this group of people at least seem to think they've got the answers. And now I've at least got somewhere where I can think I can belong and I can know that what I've seen, this theft that I've seen even if I didn't know to articulate it as theft, this is a place where I'm being told that theft is wrong. And people innately know that that's moral and right, that their value should not be stolen. And so when they find that,

Like, it doesn't really matter which side they're from. It becomes a point of safety and reason. Yeah. I think everyone acknowledges that something has been stolen from, where the futures have been stolen from. That's like Greta Thunberg says. She's like, you've stolen our futures. Like, we all feel it on every side of the political spectrum.

We just don't exactly know what has been stolen from us. And that's what inflation is. It's theft done very insidiously. And for those who don't dig deeper, it looks like capitalism and it looks like the system and it looks like taxes and it looks like all of these things but when you start elucidating exactly what has been stolen then you lead people down a constructive path of actually finding a solution versus all these red herrings that both sides create frankly and i don't want to let like i think it's pretty obvious we know that like progressives

have a litany of excuses for you know why housing is affordable and all this stuff but you know i want to make a call out to like the conservatives as well. Conservatives have a litany of reasons too. Monetary debasement is not the main reason that most conservatives think that the system we have is broken or unfair. They think it's like it's too much bureaucracy or it's a mix of like overtaxation and all these things and everything has like a little bit of truth to it, but we haven't all arrived at the same destination yet and that's that's coming, right? You just have to speak to each person in a different language to get them there. Yeah. Yeah. To what Dave was saying there, Just to pull on that string a little bit more, you were saying how like your values aren't,

aren't reflected in how you see the world playing out. And I mean, typically, you know, money, money is the mechanism through which we express our values. We put our blood, sweat, and tears into earning a wage. And then you allocate that wage with whatever you value. Maybe you go out, you buy a home. Maybe you go out, you, I don't know, get only fans. or whatever it is. And regardless of what you're doing with your money,

you're basically saying, like, I value these things. I'm going to allocate it where I see fit. The issue in that is as you print money, you're basically taking time for nothing. And you're able to allocate that where you see fit. So, you know, we print 40% of all existing currency in an 18-month span. Well, 40% of your working hours, were basically reallocated.

So like 40% of your values in a year and a half were allocated somewhere else without your knowledge or permission. And so you're not seeing the results in the world that you should see based on the effort that you're putting into trying to see the world the way you'd like it. And so you get angry and you want to change the world in another way. So yeah, it's it makes sense that when the language, when the, the language for value is broken, which is our money, that the values that underlie society also break. And we see these excesses in society and a total lack of moral integrity in a lot of places. Yeah. Steve, I don't know if you have any additional or if anybody wants to tag on anything else on this topic before we rotate out.

well i was just thinking like uh money money uh people like to say like oh i'm not in it for the money you know it's not about the money you know we all downplay the money but money is like the one thing i was just thinking as you're talking i'm like money is like the one thing that every single person yeah well i'd argue that every single person on the planet has mutual interest in uh like it's like one thing that everyone wants like you'd say that about maybe other things like i don't know sex and sleep and stuff like that but like it's uh it's so critical and it's it's so funny uh i was actually hanging with dave here and madex uh what was it we went to this like we sort of just observed a protest

downtown calgary do you remember what that was yeah that was i don't remember what it was called it was one of those like anti-vaccine protests yeah It was like an anti-lockdown protest. And it was like being drummed up downtown Calgary, we're all sort of hanging out. We wouldn't just witness it. And I remember just thinking there, because they had a bunch of people come up and speak.

And like not a single person, because everyone's talking about all the problems. So this is happening because of this problem. You know, because, you know, I think Julian here was saying, you know, comparing contrasting conservative views,

progressive views. And, you know, all these people, you know, we're hating what was happening, but not a single one of them identified what I think the root cause is, is basically fiat, money printing, deficit spending, unreserved money, like the root cause of all evil, the root cause of bureaucracy of no accountability and all this thing. And it's like it doesn't matter where you are in the political spectrum. It seems like everyone's oblivious, just completely oblivious to it. So it's, it's sort of disheartening because like I know that when I speak to people that earn in the Bitcoin space like just you know maybe they're father-in-law family members other family members whatever friends and they're not into money they're not into Bitcoin they just don't see

it don't see it the same way like and there's nothing I can ever say to them they're like be like oh yeah the money's fucked the money's fucked that's actually oh oh yeah everything actually traces back to this thing that we all want, that we're all interested in, that basically ties everyone together no matter like what, you know, diverse background we come from. And that system's fucked. Oh yeah, that might be why everything else that I hate is fucked. You know, like everything else that's not working out. And I, you know, I have a problem with is also fucked. Like people somehow can't just put it together. Like, you know, I find that really frustrating. When you're trying to have that, like point that out to people and they don't know they can't understand it yeah it's i mean i think

people just have this natural aversion to believing that it could just be that right they they can't be like well it can't just be like you know our quote unquote two percent inflation like that's not the reason for all of these things that are wrong with the world um we just have to vote harder yeah vote harder we got to knock it on more doors, get more votes. Yeah, if only the guy that I liked was in power, then everything would be all right until the next election. Forget that everything is trended to shit over the last 50 years

and that basically family wealth has dwindled, like a per capita, say on average, you know, in like real purchasing power terms has just been progressively getting worse no matter what political party gets in power. Oh, yeah, we haven't voted hard enough. We need to vote harder. Democracy works really well. Let's get out and vote.

There's not enough voters out there. Let's get out there. Yeah, let's do that. Yeah, great idea. We have archiving clown world in the chat says, vote liberal, more spending, faster collapse. He wants to accelerate. Not wrong.

What's the clip of the guy in like the turban? And he's like, democracy is, the people by the people, but the people are retarded. I love that clue. Was that Trudeau? No. That was Trudeau's real dad. Yeah.

Okay. Yeah. But yeah, that's the example of like the left and the right are not really that different when it comes to spending the money that they print, right? Like they have a very minor difference of opinion about how much money should be printed. And then they have some serious ideas about some serious differences about what they should do with the money once they print it, but you don't see anyone actually running for government being like,

yeah, we're going to have to stop paying for all these things that we can't afford. And there's literally no point in the political discussion of, like pretty much our entire lifetimes, has there been a conversation where it's like, well, we plan to do these things, but we couldn't afford it,

so we didn't. Like every other entity in the world makes those kind of decisions, but governments just don't. they just, like, they can afford whatever they want. And it doesn't really matter whether it's pure Polyiv or Justin Trudeau making those spending decisions. They're still going to be spending way, way more money than they have. And the difference comes from printing.

The difference comes from us. Yeah. The first politician to make austerity sexy is going to do really well. But that's yet to happen. It'll have to be in a world of Bitcoiners where, you know, everybody brags about like having holes in their socks and and selling all their chairs, right? When when clout is gained from living on as little as possible, then maybe we could have a politician elected like that, but that's definitely not the trend we're in right now.

It's like, why why can't you just pay for everything? Why can't I get my UBI check and just be fine? Like, and the mindset of everybody is we've we've come so far. we've got all this great technology. Why can't I just do nothing and sit on my ass and do zero work and have everything subsidized for me? Because people actually still need to extract resources and create goods and services in order for you to live. And so if you sit and do nothing, everybody wants to sit and do nothing. And that makes the few people who decide to do something and create something the only ones that actually get any value out of it, or the people in control of the resources are the only ones that get anything,

but they need people to create those resources or extract them. Anyways, I'm going to, I have to address, before we rotate, because I am going to rotate from this, but before we rotate, I have to address some drama that's been going on, and we're seeing it in the chat here. Anybody unfamiliar, there's something called Poop Gate going on, at the moment. And it would appear that, that, who did it? That, uh, that, uh, Peter McCormick has received a literal, uh, bag of poop in the mail. And, uh, there's, wasn't that yellow?

Well, yeah, there's some rumors going on that it may have been yellow. And he's saying that poop Kate talk must end. Please move on. Stop talking about poop Kate. Hashtag enough is enough. So I don't know Sounds sounds Sounds pretty suspicious to me But I don't know Wasn't it stringy and stuff It looked like powdery

No I saw it It seemed like a thorough hair in there I swear Okay did we give enough context for this Why doesn't you get a DNA text tested? I think I think we should Okay I'm going to see if I can find the tweet

We got it now it's become a thing Yeah we're going to give some contact For the audio people to too. Yeah. Did he tweet it from his main account? I think. Yeah, he did. He did. Okay. I'm just, I'm just scrolling to find. Oh man. Nick Carter, his hair. Sorry. I'm just, who is stranded energy says one of the commenters. Quite right. Quite right. You can turn that into Bitcoin. Okay. So here it is. Here's the tweet. Uh, so it says someone literally went to the effort of putting a bag of shit in the post and sending it to me with the note,

Peter McCormick and Eric Waller scammers, signed Pulse Chain. Lovely. Get control of your people, Richard Hart. Yeah. This is the first comment. You against guns now? That's an excellent first comment. Yeah.

anyways um fantastic uh nonetheless uh I don't know I don't know

yellow says bare market bare market stuff it was a hex guy not yellow uh anyways we'll see we'll see how it pans up

anyways with that I'm going to rotate watch next in poopgate though what do you think McCormack's retaliation will be I mean you should you should try and auction it

make take a photo He has a lot. Yeah. I mean, if yellow claims it's his, it might, it might actually earn a few sats perhaps. Maybe it's rare. Put it on Scarcity Bitcoin auction. Yeah. Why, why not?

It's at least tangible compared to most of those things they sell on there. It could be turned into an NFT. Yeah. Did any of you guys pick up one of those? Peter Schiff NFTs? Oh my God. Of all the, how is it that Peter Schiff of all people? He, he understands the sound money aspect of things.

He can't get past the intangibility. And then somehow he leaps from not being able to get past the intangibility of Bitcoin to I'm going to like what he just had like an FT on Bitcoin's bond. I mean, it's obviously. just a grift so that he can extract dollars and buy gold, I imagine. Peter definitely loves Bitcoin. His relevant changes on like Bitcorners just being unable to not take the bait. Yeah.

Like his whole thing is like we just take it every single time. Yeah. Yeah. He's definitely a bitcoiner. He definitely. Oh, yeah. He's just playing. He's just playing the role now.

And he's playing it beautifully. Yeah. He loves it. I have. Yeah, I have my doubts that somebody could spend so much time in and around Bitcoin and not, especially from his perspective. Like maybe it's different if you're like Elizabeth Warren or somebody. But if you're somebody that is coming at this from the perspective of like, oh, you know, we should have never gone off the gold standard. And you don't recognize the qualities of gold that resulted in it being able to be rug pulled.

Then, you know, I don't know what to tell you. I still don't understand how his son, Spencer, hasn't created shift Bitcoin. Shift Sats. You got to use the alliteration. Shift Bitcoin. Like what? It's like the easiest opportunity to make a lot of money ever. Yeah.

Yeah. You just gave him that for free. Yeah. I DM'd him. I was like, dude, this one's for free. Shift Sats. It's like it's got to be a thing. But I don't know.

Eventually. Yeah. Anyways, okay. I'm conscious of time. I'm going to rotate here. I'm going to toss it to Steve. We'll keep it with you for a sec. What's on your mind, man?

What's making you bullish or contrary to? I guess I was trying to think something. I, well, I would say, like, I was talking to someone about this at the Miami conference. Like, I guess I'm bullish on, I'm bullish on seeing lots of Bitcoin babies. People having babies in Bitcoin. I think that's good because we're the only hope for humanity, us Bitcoiners. We need to keep creating or building up our networks. So it's good to see Bitcoiners.

You know, people generally don't have babies if you don't have hope for the future, right? Like you, if you're a pessimist, if you're fearful or, you know, things are uncertain. People hold off having kids. If you're having kids that, you know, outside of like pure access. accidents and stuff, but if you're having kids, it generally indicates you're bullish on the future, that you're content that you enjoy living and breathing carbon dioxide into the atmosphere and stuff like that. So it's good to see. I met a lot of friends and met a bunch of new people. And I actually, it seemed, it seemed like an almost like statistically, you know, an outlier or whatever you'd say. Like, the amount of people that were having kids or just had kids recently. So I don't know. I thought that was really cool.

That makes me bullish. You know, earlier when you're talking about like, you know, Argentina countries and stuff and like adoption of Bitcoin, I still don't really believe any state at any levels. It can really get heavy into it because I think it just puts a target on them. So I feel like it's going to cost for a long time yet. It's just going to be organic people adopting it. probably keeping it reasonably private to stay out of the, you know, the crosshairs.

And the more, the more babies born to, you know, people like us, the better. So that and the other thing, I haven't heard Ethereum mentioned in a long time. That makes me real. That makes me super bullish. I haven't seen, I honestly haven't seen any of my feeds in so long. No one's talking about it. I love it. Yeah. That's true. I literally didn't see it mentioned, and I didn't even realize that I hadn't see it mentioned until I saw you mention it.

Yeah. And I was like, well, fuck. Damn it, Steve. The kids thing, I'd agree on. There's a lot of New York Winters being, being minted lately. And actually, I was talking to one of the organizers of Miami, and they were like, so we've come to the conclusion. We were going to do it this year because there were so many requests for it.

for sure next year. They're like, we need a kid zone. We actually need like an area dedicated to children so that, you know, we can have like a bunch of the Bitcoin moms there and like helping out. You can have like actual, you know, if you want to see a talk, you might be able to like actually have child care for a little bit. And then also like fun and fun and games have like the shamari people there. And like, I mean, if that doesn't speak to the fact that Bitcoiners are optimistic to be pumping out that many kids,

in contrast to the prevailing sentiment of our generation, which is, why would I bring a child into this horrible world instead of the future is bright and, and, you know, let's, let's create a wonderful family. Then I don't know what it, what it indicates, but to me, it seems that we'll be having a lot less fiat babies and a lot more Bitcoin or babies in the coming decades. Yeah, I don't know if I would bring my, my son to Bitcoin Miami. There's too many Ethereum people there. Shady, a shady bunch. Well, I mean, their, their, their, their king has got like some openly positive child porn comments out there that make me rather uncomfortable with the whole idea. I don't, I don't know if I want my children around his cult.

That's true. I mean, as, as soon as the, uh, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, dance. What was the, oh God, the badger dance that they did altogether? That's, that's indoctrination right there, my friend. I think you guys have some catching up to do, though, because like, what, Adam O'Brien? He's had four before turning 30. Like that, that's being bullish on Bitcoin. Yeah. Have you met kids, though? Like, it'd be really bad to have four of them. I don't know, man. It's a lot of work. You got to have a power wife.

That's the thing. Once you start getting past two, it's like if you maybe live in Mexico, you can get like the stay at home like maid or whatever. That's kind of like the surrogate mother. But in North America for the most part, like once you get past like two or three, you pretty much like have to have a dedicated parent 24-7.

Yeah. Yeah. Yeah. again, this is in the vein of what we're talking about. This is likely why Bitcoiners are so positive on kids because right now in Fiatland, having a single breadwinner is just almost like an impossibility. Like we went from a family of four or more being comfortable on a single wage earners, you know, salary to, oh, that person has to work.

bit more, maybe get a second job to all the sudden, you know, women's starting to work more, which, again, who gives a shit? But then it became a necessity. And now in most instances, it's like, if you don't have two people working full time in the home, it's, you can barely make ends meet, let alone having lots of kids. And most people now in relationships that are younger are thinking, while we both work full time and we still wouldn't dare have children because we can barely make ends meet as is. So I think Bitcoiners are getting on the different wavelength

where it's like, oh wow, I can save a bit, you know, spend less than I earn and somehow my savings are not being, I don't have to become a professional investor to like figure my shit out and save for the future. It definitely changes your perspective a little bit in that realm. You know, someone gave me this idea the other day, and it was like, if you want a good hedge for Bitcoin, you could invest in the companies that freeze eggs, because either Bitcoin's going to usher in like a wave of people. We're going to start having kids younger again and more of them, or the Fiat, you know, collapsed just keeps spiraling.

All the women are going to have to start freezing their eggs because the age of motherhood just keeps getting pushed down and down and down the line. So there's your hedge if Bitcoin doesn't go to a million in the next like 10 years. Yeah. Yellow is upset. about the poop talk. It's a trigger. He wants to go back to poop talk? Yeah. I think so.

Yeah. Yeah. No. Kids and poop, they have a lot in common. Yeah. Oh, yeah. They love. I'm reading through a dinosaur book with my son and there's one page with one image of

dinosaur poop. And he just flips through and goes to the poop. And he goes, poop. And he points at the poop over and over again. So he found a kindred spirit. and yellow. Wait, wait,

do I show him the tweet that Peter put out. So I'm sure he'll love that. Daddy, pull up the poop tweet, please. Anyways, we're going to do one more rotation. We'll take it from here.

And I'm going to toss it to Dave. Dave, why are you bullish or historically otherwise in a moment? Well, I am, I'm long-term bullish, obviously. But I think the last,

like maybe three times I've been on here, I've been talking about why I'm buried. and it's mostly been the same thing. I think we're getting closer to a point where I can call myself bullish. I think what I said last time was that we need a lot more pain. We, you know, things like the FDX collapse and, you know, the cascading series of lending collapses Celsius and all this stuff. Like the people who were making the dumbest decisions got a lot of pain.

And really the core Bitcoin holders were the ones that were like, a little bit isolated from that pain. We all, like the price of Bitcoin dropped. And if that matters to you in the short term, then that, that can be some pain. But I think we haven't really gotten to the point where the pain is reaching the Bitcoiners until they got this whole ordinal's thing going. And it did a few things. It like, it very effectively sidled up to Bitcoin and used Bitcoin as an affinity scam

as a way to say, hey, this is not a scam now because it's tracked on. on Bitcoin. You know, it doesn't actually change the fact that the thing that you're selling is a scam in and of itself. But the fact that it's on Bitcoin is now a layer of sort of like social armor. And so obviously there's been some a little bit of argument over the last few weeks about whether that's a scam, whether it's just like, you know, the, the Ethereum kids that have transitioned and those bit corners that they've fooled are kind of saying stuff. like, you know what, it's just the free market, like stop whining. Just let it be like, who are you to say what's, what's right and what's not on Bitcoin?

And I think that that level of pain is part of what we need in the Bitcoin community. We need a few more like really catastrophic rage quits. We need somebody to be sacrificed for the next bull run. we need somebody to melt down and very angrily leave and i think i think the i think the arder wasn't enough for you dave no nick carter was not enough and nick carter also didn't satisfy yeah yeah yeah i mean it's kind of like you got to think of it as like if we were like a polynesian tribe making sacrifices to the lalcano right like you know you throw some people in there it keeps grumbling you got to throw some more people

in there. So I think we need to throw a few more people into the volcano of Bitcoin. And I think, anyone in mind? I mean, it's probably going to be somebody who has like a catastrophic meltdown at some point. My, my best guess would be somebody from Bitcoin magazine at this point. It seems like the conference went pretty well in spite of the fact that they I think crossed the line somewhere. Dave sounds hungry. Dave sounds hungry. I mean, I'm probably going to go get a lot.

I'm going to get a stake right after this. So where I would say that Bitcoin magazine crossed the line, it's very hard to put on a conference. It's very hard to put on a conference without taking a bunch of money from shickling companies. And in the past, they've done a really good job of sort of walking that line where like you go to the conference.

And even though the actual, like, floor of the trade show was, like, way more shitcoin companies than Bitcoin companies and some pretty bad stuff in there. A lot of the sponsors, you know, there was, there was an FDX VIP lounge, things like that. So the sponsors are not all what we and they are very into the space and who would call ourselves maximalists. Oh, you have the FDX sunglasses. Yeah. 2020. Nice. It's wearing out, though.

Yeah. So, like, we wouldn't have, we would have known that FTX was a scam back then. It's not, it wasn't a, we didn't know necessarily how big of a scam, but we knew it was a bunch of different kinds of a scam. And we could say the same things about Binance or Ku Coin or any of these other big shitcoin casinos at this point. And while they took the sponsorship money from those companies, they, it still felt like the focus of the whole show was Bitcoin. And so like all the content was Bitcoin content. You know, it was, it was, it felt like a Bitcoin conference. And when they made that move of going across the line that I would say they crossed

is when they actively scammed their own customers, their own attendees. And that was when they sold them. They did like those NFTs of the covers or whatnot. And so I think like ordinals and inscriptions and all that, I think they're very dumb, but I think anybody should be able to use the block space that they pay for however they want. But if you then use whatever you put on that block space to pretend that you've created digital scarcity when you haven't, and then sell that to someone on a false premise, that's a scam. What if you sell it to them without just telling them it's a scam? Like when I sell my Greta for like tens of Bitcoin.

Yeah, I mean, and I'm blatantly scamming you? like people don't care. Yeah, I think, I think that if you, if you make something and you sell it and you sell it on a premise that is accurate, even if it has no value, if you've accurately communicated the reasons why it has no value, then like people can find their own value in it or not. It's when you create a narrative about having value when in fact there is no value. They're pretending that these NFTs that they've put on Bitcoin somehow separate the intangible value of the art from the art itself. And that's just not the case, right?

Like the art itself is the only value when it comes to digital art. And because it's digital, we can make perfect copies of it. So they're pretending there's this extra layer of value on top of these things that is kind of like, you know, you've got hockey cards or you've got Pokemon cards or whatever your other collectibles are, there's a level of value that gets associated to those things as a collectible and sort of as an intangible and all these different ways to look at it.

But those intangible values are still tied to the physical piece of merchandise. And the NFT is essentially the attempt to separate that intangible value and make it its own marketable product. And that's just completely nonsense. Like, it can't have intangible value without whatever makes it cool. And whatever makes it cool is not digital and it does not transfer over the internet. So I see in the chat, there's something that I was unaware of as of yesterday. Bitcoin Magazine Ventures launches Bitcoin ecosystem fund with Sora Ventures support.

The new fund, so basically, The venture capital fund dedicated exclusively to investing in the Bitcoin ecosystem is raising 30 million and is already subscribed by 90 million, according to internal sources. The new fund emphasizes the growth of the Bitcoin ecosystem, primarily investing in new application tools and infrastructure like ordnals, lightning, BRC 20, DLC, and UTCSO-related elements. These innovations allow Bitcoin to adopt more flexible function. akin to Ethereum. So my question is, do you think, so like when I look at things like BRC 20 and

ordinals and all that, I just think it's like, I think it's dumb, right? Like I don't see value there. I think long term those things won't likely won't have value, you know, if you go out 20 years or something. Or at the very least, if somebody's willing to pay more than the number of stats you're getting for the ordinal that is apparently attached to them, it will be vastly depreciated from what they originally sold for or whatever that peak looks like. I think it's going to look like most shit coins where it's like, oh, I had, you know, the coin

in it. And yeah, it went up for a little bit. And then it just like never recovered versus Bitcoin. I get the feeling that that's kind of where this stuff is heading. What I'm wondering is, do you think that there's a swath of individuals that are, you know, putting together this fund that truly believe like, okay, so here's the quote, we believe that that Bitcoin will become an important platform for future assets migrating into Web 3. There are a lot of upsides for using Bitcoin over other platforms. And as developers build and improve, the cost and efficiency of the net. network, we will see more use cases migrate to Bitcoin Z-Ecos. Do you think that that's like a legitimate,

like have they, what I'm getting at is, have the people putting this fun together thought through this and come to the conclusion that they think this is legit or not put time into thinking through it enough to the point where they would come to the conclusion where maybe this doesn't make sense? Or are you saying you think that this is just like outright? No, this is just a way to get additional money so we can have more Bitcoin. Yeah, I almost fell asleep while you're reading that description. I think they know, they for sure should know better. And when you, like I was kind of shocked when it was like they sold these NFTs.

They got like 2.5 Bitcoin. And I was like, holy shit, that's pretty low for like an institution like Bitcoin magazine to sell out their reputation for 2.5 Bitcoin. And then when you see this news now with the fund, it makes perfect sense. It was just like, yeah, they wanted to drum up business. They wanted to get people excited about Web 3 and NFTs. And they wanted to position it as though it was the next big bubble, the next big thing that was going to run like crazy.

And, you know, they've obviously, they put enough work into their conference to make it seem like it's a real thing. They probably had like every living NFT. collector in the world at that conference and in that I mean yeah it's not I thought their auction was a bad move

like it I mean I find I actually I have no issue with the NFT thing as long as it's not being misrepresented I mean people like to collect dumb ass shit if you're not misrepresenting

what it is you're collecting, you know, like lying about it. Then so be it, let people speculate. And I know from my buddies, like the guys I grew up with, all they want to do is gamble, like, sports. And look how big sports gambling is. I mean, there's clearly an immense demand for people to speculate on the stupidest shit ever. Obviously, the other reason I don't mind the NFT thing, especially when it first came out, I was like, hell, yeah, I pumped the fees. like you know that's the minor in me right

yeah and uh does bitcoin magazine think it's like the future and all this shit like you know some of those guys where they're pretty smart i don't think they do but i mean they're also business and uh as long as they walk the line appropriately and don't misrepresent uh i like let them do what they think they need to do to profit i mean people are going to hate you know that stance there's a lot of people just always like hardcore you know don't chill this nonsense and you know there's there's a merit and

you know that stance but um that people want to i think there's this you're not going to stop people from speculating on garbage and uh let them let them do it uh like so i don't know it's an interesting topic i i put two inscriptions on so far and i put them at max resolution to blow all your notes. Because my philosophy too is like because it is call it valid transaction data and the whole

the whole thing is sort of a warp. It's like this is a method of identifying like this whole or no protocol. It's like this method of identifying the SAT sequencing and stuff. It's like this arbitrary reference thing, right?

Yeah. But you know from the start when people were like shitting all over the idea, I was like well guys, you're running the code and that allows you to that's your nodes getting bloated like you should be mad at bitcoin devs and yourself for running the code right like it's sort of there's like an irony in it but it's a hell of a troll though just to blow people's nodes which is why i like yeah yeah i

i don't have i don't have an actual problem like morally i think it's very stupid to put arbitrary data onto the bitcoin blockchain but i don't have an i don't have a moral problem with with that even though it's a I have a moral problem when people create a product that is not scarce, that has actually no value, and then they try to pretend that there's a way to make this scarce in order to pretend that there's value. And that's the scam line that they cross where they're just like, yeah, we promise this will be valuable someday. And it's just one other kind of gambling. You know, it's like you could gamble on anything, but there's a lie in the middle there. And in a lot of ways, what people are gambling on is the quality of that lie and how many other people will fall for that lie.

Yeah. I think one of the things that I was overlooked about Bitcoin magazine's involvement in this, and I don't want to like, you know, try and try and like give them all this empathy. But media companies are not profitable. Almost all of them fail because the cost to produce and the cost that people want to. the page is trends to zero. And so like the only reason that Bitcoin magazine is still around is because of those conferences. And so inevitably they are going to find whatever they can.

And they did the calculation obviously internally that, oh, well, we'll participate in the ordinance thing. And we don't think it'll have that big of a, you know, a drain on our, our audience that will pursue it. And I think honestly, like you say they sold out for 2.5 Bitcoin. I disagree. I think that they're going to, I think they're involved in the ordinance thing. whether we like it or not is actually going to be what keeps Bitcoin magazine afloat.

For however long, this, this thing goes on for and it could go on a lot longer than we think. But, you know, it's something to think about that, like, I think we as Bitcoiners, we want to see more Bitcoin media made. But many of us, just like all media consumers, don't want to put our money on the line for it. And so what happens is inevitably, these companies just go on a survival note. And they have to, you know, they get with the affinity scams. And they try their best to hold their integrity together. But if we look at the two biggest giants who are producing the best content, who get the best writers, the interviews, all this stuff,

it's Swan and it's Bitcoin Magazine. And Swan is only doing it because they have a ton of VC funding. They don't have any return on value. That's why they launched their conference as well, because they're trying to have some ROI on some of their production stuff. And Bitcoin Magazine's in the same boat. And so inevitably, Bitcoin Magazine goes out and they raise a VC fund to do the ordinal stuff. Where does that money eventually funnel into?

it funnels into the pockets of the writers just to keep that whole thing afloat. So I don't know. It's like if we don't want to see this stuff happening, that's fine. But like if we think that Bitcoin media producing companies can just like sustain off of just absolutely no compromising their integrity and just making Bitcoin only stuff and maxy stuff, that that's going to be a sustainable business model forever for them, it's not. And, you know, this happens and it's shitty. And some people, you know, stop watching it.

But it is what it is. is try running a median company it's not it's not fucking easy i sympathize with them deciding to do that kind of thing uh and you see a lot of other companies at the bitcoin space say pivot or implement things that they get a lot of flack for like one great example um might trigger some people in the crowd but like casa you know pivoting to including ethereum and i mean it's like if i was the owner of casa and I'm looking at my business and it was like a decision between stay like Bitcoin only and like keep that that thing going or allow shit coiners to use my service to survive. Like if it's a matter of my business surviving, my shareholders surviving, like my employees, like I would very seriously do that. Because I even my company, we have to make decisions that, you know, might be a little fiat.

because sometimes you really don't have a choice. So I'm sympathetic towards all that. And while you were chatting, I was reading the comments. Thank you, Narwhal tacos. Yes, I will be putting my mustache on the blockchain. I've been wondering what my next ordinal will be, and it will certainly be that. So thank you. That was a great idea.

That's great. There we go. Into all of your nodes. High resolution. A full block. I mean, I'd take the mustache over the Udi any day, to be honest. You know, I'd gladly host this data. I mean, I think, I don't think they should have gave those, those clowns, like,

such a great position in there. Like, sure, if you want to come on and do a panel, but, like, didn't they go on the main stage and shit? Like, that was pretty lame. Yeah. Given that they've been almost anti-Bitcoin. in a lot of ways. Yeah. Like,

and just divisive, just super divisive. Well, that was bullshit, but I think like, okay, support ordinals, whatever.

Yeah, I didn't really give too much of a shit about the ordinals thing. I mean, especially like in the context of being at the event, last year, there was way more shit coinery than this year, to be honest.

Like, walking around this year, I was like, oh, like most of this is like, I remember seeing, a whole bunch of booths being like, what the fuck is this doing here the year before? And this year, I mean, maybe it's just I'm more focused on getting to the things I actually

want to see and I'm blocking out some of it or just like going past it. But I found a lot more stuff that was like Bitcoin related that I was interested in this year than last. It seemed to be drowned out a lot less this year. Even like, like, okay, let's let's go down that Ordinals route. last year, it was literally like Ethereum NFTs sitting on like on screens. This year, it was Bitcoin NFTs sitting on screen. So I mean, I guess it's a step in the right direction. But nonetheless, yeah, there was less shit coinery that again.

So I was sitting on the news desk commentating on the Ordinals chat. So I got, I basically, it was one of the chats that I had to listen to. And I just found like the entire discussion on the on the stage was completely nonproductive as well. Like it was just like bickering back and forth. It made everybody look like an idiot on stage, to be honest. And I think if they felt that that conversation needed to be had, it needed to be like ultra-structured and follow like a- They totally fail by not getting Francis on stage with them. like when they announced that

I was like okay you got Shinobi I don't know did he show up I didn't watch Yeah he did yeah he did Yeah good guy and all that Probably hopefully you made a good Made some good arguments but like If you're gonna put these extreme

Like trolls on there Get someone like Francis to be up there Who would be on I don't know I feel like Shinobi might have been nicer Than Francis would have Although I didn't hear Shinobi But Francis would have just been absolutely

you know yeah i think him i think everybody would have been nicer than francis probably yeah yeah i um first of all i have a i'm already storing a copy of steve's mustache it's just like well it's it's not scarce i have one of my phone i have one of my laptop so and then and then you know what i did i made a copy and i sent it to steve right before this this this this show so that he could put it up there. So that's like 50% inflation man. Yeah, I know they're they're not scarce at all. They're just a digital image like everything else. Um, I think I see where that like that comes from where like, you know, they've got to make choices for their business with Bitcoin magazine. And I think they were already way in that direction with the big shit coin sponsors and stuff like

that. And really like there was no way they could have put on the kind of spectacle that they put on over the last couple years, if not for all the shit coin money that was flowing in. And so I can appreciate that side of things. But I really felt like they did cross a line, at least in my personal books, when they became the ones issuing and selling the scams. That was the big thing that was a no for me. And like I hope that, like it looks like they're really doubling down on this stuff. And it, in a lot of ways, opens the door to, you know,

something like Pacific Bitcoin or Bit Block Boom or something like that, becoming the sort of like the premier North American Bitcoin conference. but yeah i mean i hope they i hope they pivot back in the other direction next year with Nashville because i i had a lot of fomo not being there but like it did not feel good to me so i didn't go yeah yeah well i mean dave you you've got a license to print money because robert here in the comments said fuck you i just fomode all of my 401k into the stash nft so there you go this just in dave now loves Ordinals.

One last thing on this. I'm very excited. So I'm going to be in Prague for the BTC Prague conference. And I get to, I'm going to be emcee for one of the afternoons. And I got a show, I got to show one of the talks that I get to, that I get to announce on Saturday afternoon. I'm very excited about it. one sec. I'm just excited to be able to announce this.

When I get to say up next on stage, we have Jacamo Zuko, and he's got a talk entitled, Ordinals are retarded. That one will be good. I'm looking forward to being able to say that on stage. So that should be a good one. But nonetheless, okay. So how about we. round to this topic by by giving our vote for who goes into the volcano does that sound like a good

way for the the final sacrifice but it has to be I mean I feel like Udi has lost his shit like if you see him he's just like he just can't stop he's doing laps in the volcano I know who

one person that as much I don't want to see it happen but if it happened it would absolutely that would be it that gods would be appeased. And that would be for the Bitcoin price to go down and Sailor to get liquidated. Hey, sorry, guys. But like, if that happened, the Bull Run would officially be on. Well, look, Sailor is going to be selling in 2025.

He's got to pay those bonds, right? There's no, there's no pay the income. Oh, yeah. He has to put some in there. Just hope the price is higher for his sake. What if that's what we get? We get bare market until he has to pay back those bonds. And then nobody realizes like it has to happen.

And like one day he's gonna he's you're gonna see like microchiatry sold like X amount of Bitcoin everyone's gonna lose their mind and then he's gonna do a podcast to her saying like I it's like that was part of the deal with the bonds yeah yeah never selling yeah unless he wants to borrow it like 5% again yeah yeah so I mean sailor would be I don't I don't see him rage quitting I feel like he's and and also his share prices have gone up so much because Because because they won't launch an ETF, he's become a de facto Bitcoin ETF. So like, you know, I doubt he would do that. But I don't know who I would.

And it's not even like I would want to throw into the volcano, but like who would be a person into the volcano? That would be a great enough sacrifice that we could reverse. I don't know. it would have to be like block stream yeah I mean Block stream goes bankrupt

no they're not going to they're not going to clearly but I think they just raise like hundreds like dozens of many dozen million or something they're good yeah or like a big pivot

like are we counting in the volcano? Oh yeah bitmain yeah they could they could bit main yeah bit main would be a good one um

I feel like it'd be most effective if it's like a tier one Bitcoin influencer like one of the very top people that you see on every podcast and that was like BTC sessions. Yeah.

Yeah like a BTC sessions or a Steve Barber. BCAH sessions. We're going to start dating from my ether wallet tutorial in 2018. I've got one of those from back in the day. Get them out of here.

Yeah. Yeah. I don't know. I'm, I'm again to see it i don't know like a uh uh i doubt it would happen but like um neb bukele because he's uh oh can you imagine can you imagine him being like this isn't working out guys if he just started doing all these deals with the i mf and like we took the loan that we couldn't say no but then like he low-key stacks a bunch of sats with the loan well the other thing that he could just do is just disappear here with all the coins. Yes. Yeah, that would be that would be something. I mean, that'd be horrible,

but at the same time, it would be like, you know, it would set the precedent for nation state adoption of like, maybe we should get like a multi-sig with like states of state from like opposing political parties to hold keys. Yeah, because right now what? He's like, I mean, it's probably all custodial. It's probably sitting on like whatever exchange or like with prime trust or something. Like, I doubt, I doubt he's got, like, a multi-sig with some cold cards

or something going around. He's just, yeah, I don't know, man. Yeah, I want to say it's with, like, Coinbase or one of the big U.S. custodians. Yeah. But I think, like, he could probably get it. Yeah. He's probably got permission to withdraw.

Yeah. God. Who knows? Can you imagine the nation state? I mean, we're going to see a nation-state rugpole at some point. Because there's no, precedent set for how to do this in a way where there's no single point of failure. And that that precedent needs to be set.

Literally, everybody had to learn as individuals. Everybody had to learn as as like partaking in, in, you know, shady exchanges all the way up to seemingly legitimate exchanges, all the way up to institutions that are investing money. Like we had, we had, what was the, was. the Canadian funds that like were sitting in in like Celsius. There were like, uh, uh, what, what were the funds that were there? It was, um, it was like the Ontario teacher's pension plan.

Yeah, like the pension plan was sitting in. Yeah. Yeah, like all of those things, all of these institutions all the way up are, are having to learn through pain. We're going to have to go through that with nation states. And God, can you imagine the news cycle then? It's going to be. It's going to be horrific.

Yeah, Narwhal says Bhutan. I mean, yeah, yeah, I guess we did. We did have an age and selfiest. Oh, fuck. That sucks. Yeah. Yeah. Yeah, China already rug pulled a rugpole with Web3 space with multi-chain.

I didn't know about that. Interesting. Yeah, we're going to need to see a lot of that in the coming years. All right. Well, I mean, we'll get. like, God, as much as I don't want it to happen, what if there's a Swan person? No, it was like,

ah, fuck this. This is stupid. I'm out. Didn't Corey used do ICOs before Swan? Corey goes back to ICOs? Yeah. That would hurt. That would hurt. I mean a comeback. Oh, God.

We're all speculating on the most horrible shit that could happen in order to reverse course. AI crypto ICOs. Swan launches a yield product yeah that's really a Ponzi

that could happen run by AI it's got to have the word AI in it or else it's not going to apply yeah yeah defy but it's

spelled DEF AI someone someone Novak NBK already bought the domain for that yeah

the domain's gone defy oh god yeah anyways okay well let's let's round this one out let's just do a round of any final thoughts

and recommendations we'll say so anything that you think people should check out something that you've checked out the last little bit that you think is worth somebody's time I don't know

final thoughts today is I'm at this weird spot where I don't know if we have more pain in the form of like something catastrophic to make us dump before we kind of go back to where we are or if it's just going to be more pain in the realm of like sideways crab for way longer than we expect. I don't know what form it comes in. I guess it doesn't really matter.

Stay humble, stack stats. I don't know. Don't. go out, create some value, and spend less than you earn, and it won't matter. Recommendation, I don't know, read this book. It was really good. Hidden Repression by Alex Gladstein. It was a quick read. I got through it in like a day, well, a couple days. And it will make you mad at the IMF and World Bank, which you should be.

So yeah, go read it. Julian, what about you? Any final thoughts, recommendations that you may have? final thoughts stay stay bullish stay on the cutting edge I think including myself even though I'm not that big we can all do like a much bigger and better job of showcasing someone like the smaller I guess creators or change makers in this space

shout out to Ielin Osorio I think she was on your show once she does this awesome blog she's going to be at the Oslo Freedom Form I think interviewing you know people from all walks of life and integrating Bitcoin into it in subtle ways. So more of that stuff, please push out the people who don't have huge followings, fast Bitcoins as well. They do great stuff.

Like 200 followers on YouTube, but amazing stuff. So, yeah, push the small creators. Okay, recommendations. I don't know about Bitcoin stuff. I don't know if anyone else can relate to this. If I'm like the only Fiat fucking person who still plays video games. But holy shit, Zelda. Tears of the Kingdom is unbelievable.

I've spent now like 60 hours. I'm never going to get back, but it's got to be like just appreciated on a technical level, the physics that they pulled off in that game and how massive it is. It's awesome. So if you have a switch, go get that. That's all I got.

I love it. I'm actually playing that game too. It's awesome, man. Have you gotten to the underground part? Oh, yeah. Oh, yeah. I've been deep in the depths. So is this what I'm going to be doing with my time?

Now I'm going to have to go by. you're never going to be productive again dude I just spent I just wasted hours and hours of my life on on the Hogwarts legacy I got I got I got all the this the screechers that were were mad because jk. rowling and I was like well the game looks fun so I got it and I wasted way too many way too many hours on that

so I don't know if I'm ready to just keep getting better like I don't know what people think but you know everyone says like oh it was better back to me it's like no video games just only get better. I don't know. Awesome. The thing is, so I haven't played much video games in a while, but I have some

really good memories from the old Zelda's. And I think what was a big difference now till then is that they used to get better really quickly. Like, the difference between like a Nintendo and Super Nintendo was like absolutely massive. Yeah. Compared to like

how much they change these days. But yeah, I mean, I have heard that so many places that I kind of want to go try Zelda now. Yeah. Can you play Zelda on a cold card? Maybe. I mean, maybe that Q1 can get it running.

We'll see. Somebody hack it. I heard for the first time a criticism against a cold card versus a ledger for the first time. I was like, yeah, the ledger's better at that. And that was to hide it up your anus. Yes.

Ledger is much nicer to try to conceal. Yeah. So I don't know. You should probably tell NVK to redesign it. Well, version one of the open dime had square corners. And then he thought of that and started making rounded corners. So he did it. I'm not even joking.

That's like, that's a real thing. No way. And so, yeah, check your open dimes. They'll have rounded corners. That's not the reason he changed. It is. It probably is, knowing it probably is. Yeah.

It is for sure. And it's smaller than a ledger. So. Yeah. Levering point. Ledger has nothing going for it anymore. Yeah. It's not even butt friendly.

Anyways. Tell us it to Steve. Dude, any final thoughts, recommendations? Any, any. any buck related recommendations? Yeah, shout out to well, Dave's helping organize the Bitcoin Rodeo

in Calgary. What's the date, Dave? July 4th and 5th. Yeah, so Western Canada should be, should be the mecca and powerhouse of Bitcoin mining. It isn't due to

some unfavorable politics which I will get into in other things. I believe that's that's rottled you know mining in this part of the world but we don't we also haven't had much for conferences uh i don't know if we've had anything really outside of just small real small thing so it'd be good it be i was at the first one in 2018 is that the last time you guys did it Dave it is yeah that's where you and i met yeah that's i met a lot of great people there i met like ben from bit firms he was at a different company back then really great conference and a lot of those

people I met safety in back then and I think a lot of those people that were there are just like still in the game still going hard like just pure pure bitcointers so that's a shout out to that and then I guess I recommend roundabouts anywhere they can be had they're the safest things in existence and I want you guys just to think about it like when you're driving how safe they are how safe you feel and you should uh i was talking about it again recently you should when you drive through them take one lap before you exit uh just to respect because around about i'll let you guys if you haven't heard me talk about it before i let you just stew on it but a roundabout is one of the most bitcoin things in existence uh you can think about that

you know, you'll figure it out. But respect it. Respect them. So I'm highly recommended from me. But Steve, what about when you just want to keep going in a straight line as fast as possible? Well, that's great, man. If you don't have to turn.

Low time. Yeah. Straight lines are, straight lines are totally Bitcoin too, man. But just remember, a roundabout or a traffic light or stop sign, which one is Fiat? Which one is Bitcoin? open up your fucking minds pretty deep Steve

yeah there you go and I mean Steve has been over to my house he knows there's a lot of roundabouts that's why that's why I like your area it's great it is great it is all right Dave what about you any any roundabout advice or do you have other

things to birth to still yeah I mean I'm torn on the roundabout I get the point but like there's just when you when you hit a green light there's like a good feeling about it and I don't want to give up that good feeling of hitting greens. What about the reds, man?

I know. I, like, I mean, the reds are more of like a suggestion, though, right? So, like, you just- And the traffic. You got to make sure there's no other cars coming. Well, you don't hit the other cars. Like, that's always key to driving. That's one of my recommendations is don't hit other cars while driving.

But yeah, I like both. I would probably agree that roundabouts are better overall, but I really do like going fast through green lights. I've gotten a lot of green light traffic tickets. So anyway, I recommend also the Bitcoin Rodeo, among other things. That is July 4th and 5th. All these guys will be there. we're talking a lot more, just as we have a little bit on this episode, about, you know, what Bitcoin means to people, more so than like the absolutely technical elements and economic elements that get a lot of discussion at a lot of different conferences.

So we're going to be focusing on the sort of human impact a little bit more. So we've got some pretty cool little features. There's two parts that I kind of wanted to highlight that Ben and I will be putting on there is a, bad Twitter takes awards. Which you can submit for, by the way, tweet at me and tag me and screenshots for the blocked, but if you have bad Twitter takes, like, you know, I don't know, should we, what should our time frame for the bad Twitter takes be? Should it just be like all time, bad Twitter takes or like recent memory or?

Yeah, I mean, I feel like all time. Okay. You know, if we do this again, maybe we need a limit that like at this point. But like at this point, we've never done it. There's an infinite amount of bad Twitter takes. So, might as well let them the worst to the worst be eligible. Let's do it. And we'll have like a full breakdown of why it's a bad take too.

It'll be like, wow, that's a shit take on Bitcoin. But for those of you in the audience that may not understand, here's why it's so stupid. Yeah, yeah. So we're hoping to bring in a lot of new people. We've got like a free section right at the start of the conference. that Ben and Julian will be presenting that's kind of like why Bitcoin, why is it important to you or your business or your country? And then like how? Like how do you get started? How do you buy some? How do you set up a wallet? And we're like right downtown Calgary, which is like the heart of our Canadian

oil and gas industry. So we're hoping to get a lot of people from the oil and gas industry in for those free sessions. And then really hit them with like the core of why Bitcoin is important. And then, yeah, the other part that we're really excited about is this Bitcoin elevator pitch competition. So a bunch of the speakers will be participating. A bunch of randoms are participating. And it's, you know, you got 45 seconds. You got to sell Bitcoin to a stranger. How's the best pitch?

And then we'll have a panel of judges and figure out what the best one is. And then we can all steal the best one, basically. So we need more. We need more people to very much refine their Bitcoin elevator pitches because, holy shit, there's a lot of bad ones out there. There really are. And so hopefully this one comes out with everyone, everyone who delivers Bitcoin elevator pitches and sees this will hopefully be better equipped to do that.

We want people, like, if you're a pleb and you want to get into this, send me your ban a message and we'll get you into the Bitcoin elevator pitch competition. Yeah. we had we had we had there's one guy actually who so we got another topic that it is pretty cool it's just like why bitcoin or how bitcoin changed my life and we got a variety of people on there but one of the guys that's on there um i put out a call for speakers and i got a lot of really bad shit like i got a lot of like web three people and like a bunch like lots of really bad ones and so i i started like asking these questions to try to weed them out and this one guy sends me one and i had kind of like already written off all the bad ones that I got. And he's like, I'm like, hey, can you send me, um, like, if you done any speaking, can you send me a video of yourself chopping wood? And then like literally like two days later, he sends me a video of himself chopping

wood and like talking about Bitcoin while he's chopping wood. And I'm like, okay, this is pretty awesome. We got to give this guy a speaking spot. So I love that that was the requirement. Chop me some wood. And then he does it. I go. Holy shit.

He did it. All right. you're in. Yeah, because the funny thing is all the web three people, when I asked them to chop wood, they just, they were kind of like pissy about that. They're like, this is not real. Like, you know, it's because it's not

a lot of steak. Yeah. So yeah, we should, we'll get that release here, that video and we can, we can share that with everyone and you can see why we liked it. Awesome.

And then, and then, yeah, the last recommendation, last time I was on, one of these shows I had a MADX behind me, and it sold certainly thereafter. So I recommend somebody buys this before it's gone. Nice. If you can't afford it, make more money. Sell your coins.

Don't sell your coins. Sell like your kidneys or your chairs, but like or make more money somehow. You got an ink. If you can't afford a MEDX, you've got an income problem. I, it was really funny when, when he was doing all the bull bitcoin merch and he had the t-shirts shop up and uh somebody commented on twitter and they're like these shirts are way too expensive and he just replied that sounds like a you problem yeah that was that was solid dude we got to get back to the barter system i got i got one for free

because i'm making him a video there you go there you go value for value right Yeah. Awesome. I love it. Awesome. All right, gentlemen, uh, thank you for coming on. I'm very excited to share a stage and, in some way, shape, or form with all of you in Calgary in just over a month, a month and a couple days here. And, uh, yeah, man, uh, anybody that's, that's, uh, in the Calgary area that, obviously then you should for sure come, uh, but Bitcoin rodeo.com. But if you're in and around the area or to want to make a trip out,

there's also the Calgary Stampede starting that subsequent weekend, which is like massive. So if you've never been to that, then stick around for it. Also, we're like an hour, hour and a half from the mountains. So if you want to go hike the Rocky Mountains and see Lake Louise and Banff

and all that good stuff, that's like right nearby too. So make a trip out of it. Have a little road trip. Come hang out. Let me know if you're in town. And I imagine we'll be doing some stuff. in the evenings and maybe that weekend too for those people that hang around.

So let us know. Also like shout out to people because this is just like a revelation I had this year. If you live in Vancouver or even Toronto, it costs like $80 round trip to go to Calgary. It's so cheap now to fly domestically in Canada. And I had no idea until this year. I always thought it was like, oh, you know, $5,600 to fly across the country. No, it's like $40 round trip to Calgary I got once. So you have no excuse if you're in Vancouver.

Yeah, Vancouver. It's like an hour, like by the time you hit cruising altitude, you're already descending again, right? Yeah. Yeah. So. And Calgary is super cheap. Yeah. So awesome. Well, gentlemen, thank you again for being here. And I'll see you guys in just, just over a month. Thank you. Have a great weekend. All right. See you later. Cheers, guys. Peace. See it. All right. Everybody, thank you for being here. Again, Bitcoin Rodeo. If you're going to be in Calgary, I'm excited to have this event back in my hometown. The 2018 one, by the way, fun fact, it was Safedine's first ever speaking gig after writing the Bitcoin standard. So after it was written and published, that was his first time being able to come to an event

and have his books with him and everything. I got my signed copy up on my shelf. So yeah, fun fact. his first speaking gig after it started a revolution. But anyways, I look forward to seeing all of you. And I see C-Funk in the comments. I will be seeing you. Seafunk, by the way, from Coin Kite.

She'll be in town too. So very excited to see everybody here in my hometown. What else? Other orders of business before we finish up here. Another thing I'm going to be at, it's while we're talking about Canadian conferences as well. I'm going to be out in Toronto as well for the Canadian Bitcoin Conference too. You can actually get bundled tickets for both conferences.

So if you're looking at doing Toronto, then why not look at Calgary as well? Or vice versa. You can get both tickets. So if you want to do a cross-country tour, then go ahead and do it. But lots of great people are going to be out in Toronto as well. So you can head over to Canadian BitcoinConf. C-O-N-F.com and check out all the speakers and stuff there. It should be a good time.

Anyways, guys, thank you so much. Like, subscribe, share, all this things help a ton. You can hit up the previously mentioned sponsors. Those were Hoddle, Hoddle, Coin Kite, Nunchuck, and Start 9. You can also head over to my website, BTCSessionist.C.Sionist. It has a ton of free information, links to all the tutorials and all that stuff. But if the online tutorials aren't enough and you need some extra handholding, you can book me there for one-on-one sessions over on the right-hand side.

Or you can take a peek if I've got upcoming workshops. I think the next time will probably be down in L.A. So we'll be seeing about that. And then finally, if you really liked what you saw on my website, you can scroll down a little bit. There's a lightning QR code. You can zap some sats over to me that way or click on it and they'll take you right to my Geyser page. Anyways, with that, I'm out.

Have yourselves a wonderful day or evening wherever you may be. I'll see you guys next time for your daily session. Total their Bitcoin