BTC Sessions - WHY ARE WE BULLISH? Toxic Happy Hour - Anders, Pubby, Aleks ep344
Episode Date: May 12, 2023FOLLOW TODAY’S PANELISTS: https://twitter.com/Anders_ https://twitter.com/publordhodl https://twitter.com/hodlbtcmaxi 💪 SUPPORT THE SHOW: Nunchuk Wallet and their Honey Badger plan is a best in c...lass assisted mutisig setup with built-in inheritance planning and NO KYC. Pass on your savings to your loved ones with ease in a simple claiming process with full customer support. Check them out today! https://nunchuk.io/ Start9 is your Bitcoin & lightning node, and full personal server - enabling you to take back control from the gatekeepers of your money and data! Grab an Embassy today and become truly self-sovereign! https://start9.com/ Coinkite offers the BEST Bitcoin hardware on the market. Use this link to get 5% off anything in their store: https://store.coinkite.com/promo/BTCSessions HodlHodl is a NON-CUSTODIAL, NON-KYC solution to stack sats peer to peer! Buy and sell Bitcoin while maintaining privacy. Furthermore, you can check out their Lend platform for p2p loans that are never rehypothecated. Sign up and try it out today! https://hodlhodl.com/join/BTCSESSION The Miami Bitcoin Conference is the largest Bitcoin event in the world! Come check it out in Miami Beach Florida on May 18-20th. Use code BTCSESSIONS for 10% off your tickets! https://bm.b.tc/btcsessions Free video tutorials not enough? Need some extra hand-holding when mastering self-custody, multisig, coinjoin, running a node, or other skills? Book me for a private session on my website! https://www.btcsessions.ca/ Been watching the show for a while? Like what you see? Help me cover my video costs by sending some sats over on my Geyser Fund page! https://geyser.fund/project/btcsessions
Transcript
Discussion (0)
What's going on, everybody?
Welcome to the show.
Another Friday, another episode of Why Are We Bullish?
Feeling toxic today.
I think I've got some toxic individuals ready,
queued up with their reason for being bullish,
excited to have them all, should be a good one.
I'm not going to do too much of a preamble here.
I'm just going to say, of course, anything can happen.
So before we get started, I defer to my friend Bill here.
We'll do it live.
Okay.
We'll do it live.
Do it live.
I'll write it and we'll do it live.
The fucking thing sucks.
If you haven't all already, like, subscribe, share, share it on Noster.
All those things help get this content in front of more eyeballs.
I am Ben with the BTC sessions.
This is your daily session.
Before we bring in our guests, let's take a quick look at where we are in the market right now.
This is timechain calendar.com.
We're sitting at $26,799 per coin.
A single U.S. dollar will pick you up.
3,732 sats, 31 sats going down.
Get them quick.
19.37 million Bitcoin have been mine.
That's 92.25% of them.
And in terms of fees, nowhere near the absolute decimation that we saw over the past week
when it got up to 600 plus sats per byte.
We're sitting around 56 sats per byte for next block.
If you're willing to wait a little bit, it's still around, you know, 48, 50 sats per bite.
Be conscious of it.
Use RBF.
Well, better yet, use lightning.
Use a bunch of different things that allow you to transact easily.
And it's purging anything just shy of 10 stats per byte.
So just use the tools you have at your disposal.
Shout out to sponsors to the show, hoddlehottle.com.
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few priorities in mind. Well, things like peer to peer trading, instant self-custody and no KYC,
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where nothing is ever re-hypropocated. And you can get Bitcoin with some of those other
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Sadd-N-K-Y-C-Bitcoin securely, you're going to want to get some hardware and you're going to
want the best damn hardware on the market. I love everything coming out of CoinCite. Cold Card Mark
4 is an absolute beast. They've also got great mobile solutions like the Tapsiner. I love the
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near the end of the year. So if you want to reserve that or check out any of the other stuff,
head to coin kite.com.
Use code BTC sessions for 5% off, everything in the store.
If you're looking to go beyond single sig and dive into multi-sig,
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which is an assisted multi-sig where they have a just-in-case key.
You've got the majority of the keys,
so you can always move funds on your own.
It's super easy to set up via mobile.
It works great with things like the tap signer on the cold card
and a bunch of other mobile options in terms of hardware.
And it has baked in inheritance planning.
So your stats will get to your next to Kim without you having to worry about it.
One of the other big benefits of it too is no K-YC.
You don't need to give up any of your personal information to use this,
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So check them out, nunchak.com.
Even just as a regular day-to-day wallet, awesome.
But definitely check up that Honey Badger program.
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You can host Noster relays and Noster Clients, everything.
So they've got two different devices, the one.
And then the pro is being referred to now as the,
pure. But nonetheless, start 9 knocking it out with startOS and everything. And you can check them
out, start 9.com and check out those two options. The one, the start one is your entry level.
And the start pure would be your like balls to the walls. I'm going to host everything on this
thing and get serious about it. So check them out. Nonetheless, I'm going to stop Brambling. I need to get my
guests in here. We're going to welcome back to the show.
Andrew,
Anders, Pubby, and for the first time, Alex.
Welcome, everybody.
Thank you for being here.
I'm very excited for this one.
But just in case anybody is unfamiliar,
which I doubt,
we'll go around the circle
and we'll do a little quick intro.
Who are you? What do you do?
I'll toss it to Anders first.
Good to see you, buddy.
Let people know who you are, what you do.
Thank you very much.
Ben, thank you so much for having us.
I do toxic happy hour with puppy.
We do spaces every day, Twitter spaces, where we are toxic towards scams that delay the adoption of global sound money from 11 a.m. PST, which is basically the West Coast, which is the best coast, obviously.
And we're supposed to go for two hours.
We usually go for two and a half plus whatever.
And we have fun with that, where we have a lot of great bit corners, adding a lot of great angles like yourself,
and Alex, who's also in there often hanging out and talking.
Yeah, what else do I do?
Well, we're throwing a big party in Miami next week
that unfortunately is sold out.
But yeah, looking forward to go to Miami for the conference.
Oops, sorry, mute button.
Awesome.
Well, I'm also stoked for that.
I'm sure we're going to talk about in a little bit.
But good to have you back, man.
I'm very excited.
Yeah. Thank you. I will toss it down to Alex first. And again, a little intro for yourself. Let people know who you are.
Hey, Ben. Thanks again for having me on the show. I really appreciate it. Hi, Anders. Hi, Pubsy. I'm also with them all the time on Toxic Happy Hour. I just hang out there with them. I love being on there. I'm just a humble pleb. I have a son and a husband, and that's my current job. That's what I'm
working on, you know, taking care of the home, making sure everything's great, and just stacking
sets for my boy. That's about it for now. I would say that's the most important job. I think that's
an excellent place to be putting time and effort. So hats off to all the wives and moms out there.
Also Mother's Day coming up. So happy early Mother's Day to you. Oh, thank you. Happy early Mother's
Day to Mrs. Sessions. Yes, yes. She shall be down in my
Miami with all of us.
So we'll all get to meet and everything.
But yeah, we're gearing up.
Yeah, it should be good.
Should be good.
Are you going to toss it to Pubby last.
Bobby, give yourself a little intro.
Hey, listen.
It's hard to follow up on Anders and all that.
And Alex, I would just say this.
When you come to talk to Kappi Hour, you're on there.
Friends become family real quick.
It is what we love, man.
I'm glad that you did this show and Alex is here with us because I love the fact that the friends that come in there and hang out every day.
You know why?
Because we love Bitcoin.
We have many things in common.
We love each other at the other day.
We become family.
That's why I go to Miami is such a fantastic treat.
It's unscribable if you've never been.
It really is.
But when you're there and you meet in real time,
in real flesh.
Your first bitcoiner, man, it's just hugs.
It's understanding.
It's a beautiful thing.
But yeah, we like to do this spaces.
We'd like to do this part of our community.
And that's the one thing I love about it.
Ben, the one thing I always loved and respected about you was you found this little niche in the community.
You understood about education.
You understood about what's really going.
to help what's going to do this what am i good at what what is it something that i can contribute
and this is what we always sort of find and that's the one beautiful thing about bitcoins is you
find this way of them to find this little niche just little little little corner and you know
after you know meeting anders now my brother from another mother you know that you meet these
people that just encourage you to go bigger, learn more. Let's try something together.
I don't even know where I'm going with that, but I'm just saying, I love Bitcoin. Love you guys.
Awesome. Well, I'm glad to have you all. I can't wait to see you all in person. But in the meantime,
we get to hang out here online for an evening. And for those unfamiliar, this is why are we bullish?
And there's a very simple premise to the show.
Each one of us is coming with a reason for being bullish.
And that can be anything.
It can be a personal experience.
It could be a news item.
It could be an application or a blog or a video that we saw.
It could be anything.
And so the flow of the show is somebody drops, one, a reason why they're bullish.
That's their chance to rant and explain what they're excited about.
two, altogether we get to riff on that reason, questions, comments, whatever it may be.
And then number three, we rotate until everybody gets a turn.
So reason, riff, rotate, the three R's, that's a driving force in the show.
So I'm going to get us started with my reason for being bullish this week.
And it kind of has to do in and around the bump in fees that we saw on the Bitcoin
network earlier this week.
And so the context for that is obviously people are using Bitcoin in different ways now.
And it's very difficult for anybody to step in and say, no, you can't use Bitcoin in a particular way.
Whether you love it or you hate it, that's the reality of Bitcoin.
And the part that gets me bullish is in 2017, at kind of the peak then, there was a massive.
massive influx of users. There was a lot of inefficiency in how people were using Bitcoin.
And because of that, the fees spiked insane. And so what I saw at times was I remember sending
transactions for more than $100 a piece near the end of December 2017. And the wallets didn't
have fee selection or like good fee selection, let alone actual tools to actually check what
the fees should even be.
The all of all of the fee measurement stuff in wallets was way out of whack.
So you would get your, you know, if you had a wallet that even had fee selection, it would be
like slow, medium or fast.
And that that realm could be anything.
The slow could have been like $100 to send.
and you had no control in there.
There was zero on-chain scaling.
So, you know, Segwit wasn't in there.
Well, I mean, it was, but it wasn't being used really anywhere.
Barely any wallets were using it.
Lightning did not exist.
It wasn't even begun to roll out for regular people to use.
Liquid network did not exist.
All of these different things did not exist.
There was no option.
now you you have optionality this fee this fee bump hit and i mean granted i'm i'm i'm always
diving into to new stuff so i'm i was probably a little bit more prepared than the average person but
like for for myself i kind of didn't it didn't affect me in that i was able to just kind of lean on
lightning more than i would have been a little bit and so and it also made me think about
what do I do as this becomes a more consistent scenario where fees are regularly high?
Because that's an eventuality we're all going to face.
With the way that Bitcoin's going to scale, it's going to be layers.
You're not just going to pack everything on chain forever because then nobody can run a node.
And so I was kind of thinking to myself, well, what would be my flow?
Because the one problem, it's not the one problem, but one of the problems with the
Lightning is you can't store it in hardware wallets.
Lightning wallets are always hot.
They are online by design.
That's how Lightning works.
So what would be your option?
If you're stacking SATs and you're doing like $20 stacks, $100 stacks,
you're not going to do on-chain if the fees are $20 to send.
So what's your next solution?
While you can stack via Lightning, there are exchanges that there's a ton of exchanges
you can actually withdraw on lightning now.
So you could do that.
That's fine.
But like how comfortable are you going to be with a, you know,
once it gets to a sizable amount in lightning on a hot wallet?
So what I kind of came to is I think people are a little bit sleeping on the utility that
liquid could offer.
And there's tradeoffs there.
We need to discuss tradeoffs because what is liquid?
Liquid is a quote unquote side chain of Bitcoin.
What that means is there's there are, it's, it's a federation model, meaning there are 15 large
entities holding keys to a multi-sig.
Depositing into liquid is adding funds to a multi-sig and then having a one-to-one peg
between Liquid Bitcoin and Bitcoin that is represented by money in the multi-sig.
So obviously there's a tradeoff there in custody.
There's a degree of trust there.
However, it's much better than sitting on an exchange, right?
Like you have no control there whatsoever.
It's like, hey, one person gets to rug pull me and I'm done.
In this, you would have to have a mass collusion of 11 of those signers, large entities, all saying,
you know what, we're going to rug all of our users in concert with each other at the
same time. So I'm not saying that couldn't happen, but I'm saying it's much less likely than
an FTX style thing. And for some, myself included, I think in the context of having like
a medium level stack, I think for me that makes sense. And what I mean is this,
you're stacking stats, you're withdrawing via lightning. You know, it gets up into your hot wallet
and you're like, you know what, this is more cash than I'm comfortable carrying around.
You say, I'm going to put this in cold storage.
But I'm not justified yet in doing an on-chain transaction.
I'm going to swap it to liquid.
Liquid, you can secure with hardware.
You can secure liquid.
It's the exact same as doing a Bitcoin transaction in terms of functionality and you can be
offline.
It doesn't need to be a haul wallet.
You can stack kind of medium level with liquid.
And then when it gets to a sizable amount where you're like, this makes sense for an on-chain transaction to get it into cold storage, you swap to on-chain directly into your cold card or whatever you're using.
So before I kind of open it up to like, let's discuss and talk about like all the cool things that are available now that were before, I wanted to show something.
So this is, one sec here.
So this is sideshift.io, AI, sorry, sideshift.
com.
And this is, I didn't sign up or anything.
I'm just on a page.
And I've selected that I'd like to send lightning and I'd like to receive liquid.
And so what I'm going to do is I'm going to go into my browser here to a marina wallet,
which is a native liquid wallet.
I'm going to hit receive.
and I'm going to copy my address
and I'm just going to paste it in.
Okay.
Now, how much do I want to send in lightning?
I don't know.
Zero point.
They don't have stats yet.
So, like, we'll work on that.
What's my minimum?
30, what is that?
Zero, zero, zero three.
Okay.
Three, nine.
Okay, we'll do that.
Okay.
So I'm going to be sending lightning.
I'm going to be receiving liquid to my liquid address.
I'm going to hit shift.
is going to tell me what I'm getting.
Of course, they're in exchange.
They're going to charge a little bit of a fee.
That is fine by me.
And it's just going to bring up an address for me to send Lightning to.
And I'm going to do it needably in my browser from a plugin that's connected to my own node.
So I'm just going to copy the invoice.
Here's Alby.
This is connected to my own Lightning node.
I'm just going to paste in that.
I'm going to hit continue. Hey, I'm sending around $10.50. I'm going to pay it.
And then once that goes through, payment successful, I should see this screen update.
And it'll say, hey, we're sending over some liquid Bitcoin to you.
So I'll see my balance updated. But like, this would be my flow of, hey, I stack some stats on lightning.
Oh, yeah, it's a little bit too much now. I'm going to shift it over.
Okay, great. And it goes off to my liquid.
wallet. Yeah, there we go. Oh, sound effects. And yeah, and then in the second here, I should see
this update with a new balance and I'll be able to view the transaction on screen. I think it was
just updated. There we go. So I just got some liquid Bitcoin here. And I can do this. I can shift
from liquid to on chain here. I can do that through a variety of different means. But now I have
this, which can be stored on hardware. Like I can use the Blockstream Jade.
and I can store that and actually secure it offline.
And I don't have to worry about it being in a hot wallet.
The other cool thing, I'm just going to say view transaction.
Here, if you're looking at a block explorer, the transactions are confidential.
So it doesn't say the amount being sent.
It doesn't even let you know the asset being sent because you're going to have different things on liquid.
So with liquid, there's confidential transactions.
So you get a greater degree of privacy with it.
So anyways, I'm more or less, I'm excited that there's tools that people are really not fully keen to yet or fully understanding yet that are there and available for when fees get insane.
You can do things strictly between lightning and liquid if you really wanted to.
and then default to on chain for like long-term family savings, and that's okay.
So I'm stoked about this.
I think it's cool.
I think there's a lot more tools that are coming.
I do hope that more people kind of look at liquid and consider it as that in-between option.
And also the fees, like just so you know, I paid 255 sets for that liquid trends.
action. So comparatively, yeah, it's cheap. It's like, again, one sapper bite basically is
all day long. So anyways, I'm going to open it up here. I'm sorry, that was a long ramble.
But I guess my general, what I'm curious about with you guys is, one, how did you handle
the recent influx of fees? Are you using any tools? And, you know, is there anything that
you want to try? So I'll let anybody jump in.
I'll say some.
Oh, okay.
No, no.
Ladies first.
Ladies first.
Go ahead.
If I'm being honest, I am like a hold and sit on my like pile of acorns.
I don't really touch anything.
I don't move anything.
I do have one hot wallet.
If I go to PubKee, I'll try to buy a beer with it.
That's about about as far as I go with moving things around.
But I'm sure like there will be a day where it's time to start buying and,
with my Bitcoin.
So maybe I should start looking into that.
But for now, I'm kind of a just hold it in wait.
The day will come when you go to paying dollars and somebody's like,
I don't accept dollars anymore.
Exactly.
It's true.
It is true.
Bobby.
Yeah.
You know, and you've got the right attitude there.
You really, you really do, Alex.
Yeah.
There's one thing I'd like to call the Hoddle Zen.
as you go on to your first bear market,
you're in Zen mode.
Nothing they'll ever beat you again.
You've made it down, you've made it back up, you DCAid.
After the Hoddle Zen mode, that's when you go into what I call keep your stack.
Oh, and guess what?
I've got a little spend stack because I always love to help support anyone that is accepting Bitcoin via lightning.
I say, you know, going back to what I've been talking about, what happened here, I really don't care.
And I think most hoblers don't care because, yeah, that's great.
You're putting these ordinals on here.
You're pumping up the prices.
The miners are getting rich, which is good, because that drives innovation, in my mind.
The miners get to figure out, wait, how can I find something more efficient?
for the true Bitcoiners that I don't think it really mattered what never mattered to me and we've talked about this quite a bit in our spaces.
I'll just say this moving forward if a monkey JPEG can bring down Bitcoin, I was wrong to begin with.
I've said that for a while.
If a monkey JPEG brings down Bitcoin, what the hell am I doing here?
It's going to change the prices.
look, the fees go up, the fees come down.
I really don't care.
I really don't care.
The important thing is I see what the future is.
And I'll get back to my rant later.
I don't want to run into that now,
which I think Ben tries to trick us into doing.
And I'll say this.
I mean, this stuff on the side, like lightning and liquid,
imagine how great, you know,
what's the movie with Will Ferrell,
where he's, I feel like I'm trying to,
taking crazy pills here.
That's where we're at.
I'm trying to, I remember Ben, man, in Charlotte last year,
and he's trying to sum up Bitcoin in 45 minutes, friend.
And he's there.
And at the end, he's at the conspiracy guy with, like, the tin foil hat.
He's got, like, he's got points all over the board.
And this is what I feel like what, what are you going to do?
Lightning and Liquid?
I don't care.
I'm not moving my Bitcoin yet.
We are so early.
We are so early and what the hell we're doing.
I'm not moving it except for my little cool pile on the side where I got my
Bitcoin hat.
Oh, I told me that.
I bought a Bitcoin hat using lightning.
I'll tell you later.
But you buy these things and you help these little companies come along.
I got coffee from Columbia using lightning.
But this whole.
last part meant nothing. I don't understand. If you guys want to waste money attacking the
Bitcoin chain, go for it. You're enriching them and you are just, you're running out of money
yourself. Oh, hang on, my dog getting away here. Yeah. Yellow says you need to allocate some
sats to your closet door. Oh, hey, that's been the bane of my existence. And
I was going to fix it a couple years ago, but when people started talking trash about it, I'm leaving it now.
Until the laser eyes come off.
I'm leaving my door like that.
That's the real laser rate 100Ks.
Yeah.
Plus a door broke until a fee of currency dies.
No, it's an institution from when we started on YouTube toxicapia three years ago.
And we got to get back to it because it's a lot of fun.
Can I just give a quick shout out to BDC Moon Guy who I see in the chat?
Because the first three YouTube live streams we did back in the summer of 2020,
he was the only guy in the chat.
Thanks for the support brother.
And Uve, I saw him as well.
And I tried to jump in the chat, Ben, on the YouTube live stream,
but I need to create a channel or something.
First, I've never seen this before.
But never mind.
And then also I just want to say, Ben, look, we know you're professional and you have a great studio set up.
Like, it's expensive and everything.
But honestly, look at the lighting setup that Alex has.
I don't know what's happening, but that seems to be the best here.
I know I have the worst.
Like, I got the California sunshine blocking out the camera and everything.
But look at Alex's set up there.
So, you know, be better, Ben.
Anyways, no, I'm kidding.
Ben's forehead is just as shiny as mine.
We're both.
We both got great lighting right now.
I think Anders you need to go like break that window behind you or something
Yeah
Maybe you should have turned it around
I'm sitting on the floor I'm more mobile than you
I guess you know what that's a great idea
I should try and play with that but on the other hand
It's nice that you guys see some California palm trees
All right to be serious and also it's good to see
Jaime and yellow there in the chat
You know I haven't moved anything on chain
probably the last month or something,
so I haven't been bothered by those fees at all.
I just have a call belief that through years
and looking at this,
that Bitcoin doesn't care.
It doesn't care, but if anybody want to pay high fees
to move JPEX or whatever it is,
I don't even want to spend time.
I don't really look that much into that.
So be it, you know, it's Bitcoin moving from whoever wants to play around to miners, which helps secure the network.
It's more incentive for their miners to secure the net more hash power goes online.
And also it puts the miners, you know, it's been a boon for them the last couple of weeks.
And it helps secure them from a potential, you know, bankruptcy.
So we don't have to, there's less worry for them getting into financial difficulties.
That means they have to sell their stack and all of that.
So yeah, I don't really, I don't really care.
But from all the things you said, Ben, back from 2017 until now, you mentioned so many technical developments that has happened.
I think that's really important.
And something that most of the time we talk about price.
But you mentioned a bunch of technical advancements for Bitcoin.
And I think sometimes people forget about that when they look at the price.
Bitcoin today is way stronger and more capable than it was four or five years ago.
And I think that's a great reason to be bullish.
The core developers are working hard to make the best money ever, the best money ever.
What can I say?
Yeah, it's great because, again, in 2017, it was like, well, I guess I'm just screwed.
Whereas today it was, well, maybe I should use A, B, C, D, or E.
And that wasn't available before.
So to see that, and I mean, these events that are unexpected are always would drive innovation.
So we get to see how the tools that have been created since 2017 react and then iterate and improve upon what we already have.
And that's fantastic.
So I can't wait to see.
Before we rotate, I have to give a shout out to number one fan, David Wong, in the chat.
He comes here all the time to tell us how wrong we are, how Bitcoin.
How long we are, right?
How long we are.
Yeah, exactly.
He wants us to know that if the U.S. get all the governments together to shut down power and go dark worldwide, Bitcoin will disappear.
Well, I mean, there is a long history of all world governments agreeing on everything.
So that's very likely to happen.
But I also want to give a shout out to David Rong, who is in the chat.
And he's another, now there's many Davids, Davids and wrongs.
And also, I saw earlier on because there was some speculation that David Wong was actually just American Hoddle trolling.
And when I first jumped into the chat, I happened to see somebody by the name of American Wong saying Bitcoin will go to 10K by the end of the year.
So I'm very happy to have multiple Wongs here.
And I saw somebody earlier three Wongs make a right.
That's what she said.
Here we have.
Three Wongs?
We do.
You're not going to leave an easy one like that for us.
Dude,
Ben is so much cooler than us, guys.
He knows about this liquid.
He knows all about the new stuff, you know.
We could just sit here and discuss wongs.
That's fine.
Yeah.
We do it every day, Ben, for almost three hours.
Monday to Friday, two to four.
Talk about wongs.
I love it.
All right.
I'm not like before we then forward.
Before when Ben, you started that.
I what?
When you started your 10 minute rant on like all these technical things,
I realized how puppy and I like,
we could definitely step up.
And I guess we're just having fun.
Because you know it all, man.
And it's great.
It's great that people have that resource to go to your channel and actually learn stuff.
Yeah.
Yeah.
I love it.
I love it.
I'm going to toss it to Anders now.
And we're going to do our first rotation.
I'm going to keep it with you.
So as I will cue everybody else up, I'm going to ask Anders directly, why are you bullish?
Take it away.
Okay.
So, wait, should I say something also like that I'm just excited about or should we go straight to like the Bitcoin bullishness?
Your call.
You, you, this is the world is your oyster, my friend.
Oh, sweet.
You go into whatever kind of rant you want and then we shall comment and ask questions after.
Awesome.
Okay.
Keep it.
Keep it for it.
Just keep it for it, my friend.
Put a mirror up when you say that, puppy.
That would be awesome.
Thank you.
No, I'm kidding.
My brother from another mother.
Well, I mean, of course, I'm very, very excited about we threw a party in L.A. before Pacific Bitcoin.
Got a lot of positive feedback from that.
People were very happy with it.
So that was a lot of fun for me.
I was there.
Poppy wasn't there.
And then that we're putting the second one together,
or have put the second one together that's in Miami.
Very excited to go to Miami Monday and be there for a week.
And we're doing that rooftop party on Thursday,
Toxicapia player party version 615,
brought to you by swan.com.
Thank you for sponsoring.
So, yeah, I'm really looking forward to that.
I'm very, very excited.
And also just very excited to meet, you know, this whole Bitcoin family that we have on Twitter.
On to the more technicals or like actual serious, why am I bullish on Bitcoin?
You know, I know there's a few people that say that the four-year halving cycle is dead.
So far it is not.
back in
October or
September comes before October
back then I said
look the previous two
having cycles
exactly 18 months before in both of them
the Bitcoin bottom priced
and then came November
which was 18 months before the next
having and that's where the low was
it of 15,000
$600 per Bitcoin or something.
So that is scaringly precise or very much a patent that 18 months before, the price bottom.
So I honestly, I am very bullish for this year and next year and the following year,
because it seems like that cycle is intact.
Furthermore, in 21, end of 21, the Fed started going hawkish and FTCS took $4 billion that was supposed to buy Bitcoin and under normal circumstances would push the price higher.
They took that 4 billion people from their clients and bought real estate and other good stuff for their family members and for themselves.
So I think that's the reason we never got the top that we got.
But the reason I'm bringing it up with the Fed also is that so that cycle was negatively impacted by the Fed going hawkish.
Now they are with a super high interest rate, something is going to break.
There's already been cracks in the dam.
Something is going to break.
And they're going to have to revert to printing or lowering interest and lower and lower.
lowering interest rates because the U.S. government cannot afford this interest rate on this debt.
US has a military, the size of the next seven, eight countries combined the budget.
And right now, the interest rate just on the debt of the United States is equal to the military.
I'm taking that as a cue from Poppy.
I should probably pass the mic here.
I think he wants to comment on it.
Why do you comment?
I'll go get a beer puppy.
No.
I'll end it there.
So I'm very bullish for this cycle to be intact and see a top between 200 and 500,000, I think, in 25.
But I don't know.
So it's not financial advice.
I've got a question for you because I'd agree that FTX had a dampening on the price, not just because of the implosion,
but because there was billions of dollars in demand for Bitcoin that went nowhere.
Somebody thought they were buying Bitcoin.
And if FTCS had to actually acquire that Bitcoin,
there would be less available Bitcoin.
So that definitely paper Bitcoin has a dampening effect on the price of Bitcoin.
But also, fuck around and find out.
Good riddance to FDX.
And self-custody, like actually take your coins into your own custody.
Like, it's a must at this point.
I mean, it always kind of was, but again, people learn.
But I'm curious, how much do you think the,
the quote unquote mining ban in China had to do with that as well because like there were miners
that had to that had to sell off like a bunch of their treasury and and had to move a lot of
hardware obviously there's still low key mine there's still quite a bit of hash rate that's
under the radar there but like a ton of miners had to scramble and sell stuff to pay to
move things like do you think that had an effect um you know i honestly
probably don't know enough about that specifically.
Definitely the announcement from the Chinese government, I guess it's CCP,
had that crash on Bitcoin because a lot of people who didn't know actually what Bitcoin was
got scared and thought, oh, they can ban Bitcoin, which obviously they couldn't.
And it's even better today.
So it created a crash, I think, you know, psychologically, you know, psychologically triggered,
or based.
How much of it was Chinese miners selling?
I just simply don't know.
But yeah, it couldn't be a positive thing.
But at the other hand, it wiped out the thought of, oh, mining of Bitcoin is concentrated in China, right?
It removed that thought.
Anders, my brother from another, I love you, man.
Hey, this is why TC only jumped in as a co-host.
That poor bastard loss, like a lot of his miners that were still being.
think they're still being held in a Russian jail somewhere.
I don't know.
Yeah, all right, encompassed mining.
I'll tell you this.
What happened there, though, let's be honest.
What you saw happen there was the beautiful brilliance of the what?
What do you call it?
What are we talking about here?
Yeah.
Help us out, puppy.
Come on.
You're on a higher level here.
We don't know what.
The difficulty adjustment.
The difficulty adjustment.
This is what you saw come out of everything from China.
What is the thing, Bitcoin?
And this isn't going to be part of my rant later.
But the difficulty adjustment played out.
Played out beautifully, perfectly.
Yeah.
This is what you saw.
Yeah, so I don't know moving forward what's going to happen.
That's my joke.
Well, you're right.
Like any, the difficulty adjustment does its thing.
Like maybe a few people noticed that Bitcoin blocks were happening a little bit slower for a short period of time.
And then TikTok block that adjustment hits back to 10 minutes per block.
Like it is what it is.
So it's again, like if it's for people that just had Bitcoin, one of the largest countries on Earth banned it outright.
and they wouldn't have noticed.
It just gets on working.
Literally nothing happened.
I'm laughing because before spaces,
you just had to soak up any type of Bitcoin content you could.
All right.
So over the years, man.
And by the way, if you're, I don't know if you're down there, Lissick.
And Andreas Antonopoulos is still to me one of the most brilliant orators.
when it comes to explaining what Bitcoin is and what it represents as Andrew gets pissed and leaves
her room talking later about that.
I love it.
Alex, I'm curious your thoughts on, on, on Andrew's topic of, he's bullish now.
We're, we're, we're into bullish territory.
You guys are being too technical for me.
I'm going to be honest.
But if I'm going to be fair, I, I really.
do believe the whole FTX thing that happened. I think that that was the biggest, biggest thing,
because that is, that was just a number that didn't actually correlate with what was really
happening. And I think afterwards, that created a lot of fear, that created so much fear for people
that just came in for the first time. And now they're probably not going to come back. And that
ruined it for a lot of newcomers, I believe. And I think that changed the numbers.
for a while now until, you know, we get confidence back within the newcomers.
I think a lot of those newcomers, too, they, if they got scared away,
unfortunately, they'll be scared away until it's much, much higher than when they lost their
money. So they won't, you know, if they, if they're scared away, they're obviously not DCAing
through through this price movement. They're just out. And they'll be out for a while.
And then they'll see it years later and be like, God, that's like five, ten times.
what it was worth when I lost it had I just started saving in Bitcoin again.
That would have been amazing.
And then the people that did weather it, that did lose some money or did get scared because of it
that stuck around, they started learning.
Well, a bunch of them did.
And I definitely know this because I've had people, you know, oh, I need to want to
I need to like work and learn self-custody now.
I've seen a ton of it.
And that's encouraging because you're at least getting the strong base of people that are learning and starting to understand the tools and and what makes Bitcoin special in the first place.
And yeah, we need more of that.
We need, you know, Bitcoin's a very harsh teacher, but it's also a very effective one.
you know, nothing's a better teacher than pain.
And man, Bitcoin can beat you up if you're not careful.
The FOMO is real, yeah.
Absolutely.
Anders, do you have any final thoughts?
Any other things you want to wrap up with before I do a rotation?
I'm happy for you to do a rotation.
What I will say is, because we used to wear scarves,
and I see several people in the chat asking for it.
And I did get a new scarf last time I was in Denmark.
So I'll just, yeah, I got to go get it real quick.
I really like it, to be honest.
So I'll be back.
I got to be able before.
Let me get the scarf.
So let's go for sure.
Perfect, perfect.
I can't, I mean, scarves are a winter thing for me.
I can't do a scarf when it's hot.
I don't know.
You're insane, man.
I'm Danish, so, yes.
Confirm.
Yes.
Awesome.
All right.
Well, we're going to do a rotation here.
I'm going to toss it down to Alex now, and I'm just going to cue you up.
Same question.
Why are you bullish?
Take it away.
I'm pretty much bullish on so many different things on different weeks.
I think it's just because I'm still pretty new, so I'm always learning.
So the new thing is always something interesting to me.
But if I'm going to talk about nice scar fenders.
I'm going to talk about my faces.
Sorry?
I said I like your scar funders.
Thank you.
Thank you.
But I am consistently bullish on the community that Bitcoin brings on and the lifestyle change.
And just the way I view the world differently now, I think there's something to be said about that.
Like when I was working for Fiat in The Matrix, and I thought that was life.
I thought, you know, somebody has to lose in order for you to win.
And it was not an easy thing to do.
I would get stepped on sometimes I would have to step up on the ladder.
And it's harsh because we're supposed to be humans.
We're supposed to be looking out for each other, not killing each other just so that we can survive.
Because in order to even make ends meet in this fiat matrix, you have to basically be bad.
You have to be a bad person.
But in Bitcoin, we're all uplifting each other.
We're all winning together.
Our only enemy is the people trying to take that away from us.
So self-sovereignty, I think, changes you as a person.
It changes what you value in life.
That's just the experience that I've been having.
and it's almost like a spiritual thing to a degree.
And it really did change.
It changed so many perspectives for me.
I also just, I just am a lot calmer now.
I'm not as worried as I used to be.
I feel like, okay, I've got Bitcoin.
And now I've got my family.
I've got family.
These are the important things.
Why even worry?
Who cares about a designer bag?
and going on fancy vacations, like, let's stack our sets and chill and, you know,
just worry about the important things in life.
So I think that's what I've been bullish on really to the core.
You're not even bullish on designer scarves, though?
That's Anders's thing.
He is European.
You've got to give it to him.
From Euro to Euro, I get it, Anders.
I really do.
My father comes out in those, like, paper.
for boy hats.
Thank you.
Appreciate it.
I love it.
I love the change in perspective, though.
It is, it does make you realize, like, how many, how many trivial things that so many people
argue about are really inconsequential.
Like, you know, when you sit in front of the TV all day and you just, you plunk on whatever
side of the aisles news network and you just sit there.
you stew over it all day, then it contributes nothing to your life. And realistically, a lot of
it is relatively inconsequential when you can take control and be self-sovereign and, and, you know,
again, do what you love, stacking a money that doesn't steal with you. You're right in that,
you know, Fiat world is zero sum. You're always looking to get one up on somebody else. You're always
looking to somehow extract value from others for yourself, whereas Bitcoin is collaborative
and cooperation creates value instead of extracting it from others. It's additive.
You're not subtracting something from somebody else when you collaborate and build value.
So, yeah, I'll open it up to the other guys, Pauby Anders, if you want to jump in.
Yeah, I would love to jump in on that.
But yeah, probably, I'm going to just grab the mic now while I remember it.
I love that thing you're saying, Alex, about how Fiat is zero sum.
And a lot of people have that way of thinking.
And you're so right that once we move on a Bitcoin standard, it's not going to be zero sum.
There's going to be so much more.
And I keep referring to or quoting Jeff Booth, an abundant tomorrow because of all the dynamics that it changes,
that there's not a few private banking families owning the central banks that are extracting
the value and labor for all of us.
So we have to keep being in that hamster wheel and step on each other to get ahead.
Bitcoin is going to open up just abundance.
So great point.
And I'll also just say, how good is it, Ben, that you get a woman in here, a mother to get
that perspective about the community and how everything is going to get better?
you know, that's something we couldn't bring.
And Alex, that is lovely.
You're right.
It's a great community.
And that's the thing.
Like, for instance, next week when we go to Miami,
I'm super excited to see all three of you.
As I keep saying, because we're trying to orange pill people,
all of us because we want to help them.
And we get a lot of, from some people,
we get a lot of pushback and we're the crazy ones.
So when you get together with these people that you're on the same mission with to do something better for humanity, we have those aligned values.
And that's what you're referring to, Alex, like that community, it's the best thing.
Like, I have the best days of my life when I'm together with like 500 bitcoins.
I love it.
Hovey, Haltaza to you.
I'm not quite sure what to add to that.
You can dive into Alex's topic.
Anything in regards to like the change of mindset that Bitcoin brings into your life.
Like how have you experienced that?
Yeah.
So, I'll tell you what, it's not so much of change.
The most important thing to me, when I look back and I talk to anyone that has,
coming to Bitcoin.
It's not the change
afterward. The change
comes beforehand.
The change is
before you even get there.
Because you just don't come into Bitcoin,
yeah, boom, I'm in.
Let's do this shit.
No.
You were prepped for this.
You were prepared for Bitcoin
from an early age
or your education,
your own way of
discovery of learning
what is wrong.
with the current system.
The change afterward,
that's sort of easy.
Okay, I got to eat steak now.
No more carved for me,
motherfucker, that kind of thing.
But I'll tell you this.
The change happened for years.
I don't know, 10, 20, 30 years.
You understood something was broken.
And that's a beautiful thing.
Once you arrive to Bitcoin,
I don't care what,
angle you came in at, you know, a circle has 360 degrees.
But man, people come in from economic angle, a mathematical type of angle, a I just want to pay my bills kind of angle.
This is a beautiful thing about Bitcoin, is that you come here for a different reason.
But once you get here, look at the four of us on stage.
and by on stage
I mean
a
channel
that hopefully in the future
people will look at
and say
these guys were
the most beautiful
people in the world
that understood
what's going on
and I hope that makes sense
it may not
but the point is this
Bitcoin draws
it's a magnet man
it's a goddamn magnet
that draws people in
from all different
races
and
you call it
what you will.
But Bitcoin brings you together because it's the truth.
It's the absolute truth about the world.
Nothing being, you know, created and lied about is the truth.
And this is why we're here.
Sorry, sorry for my rant.
I enjoyed it.
That's all good.
David,
David Wong wants us to know, by the way, that,
he said that the orange pill has lots of, lots of side of,
side effects, yeah, the orange has a lot of side effects, but David wrong wants to say that it frees your mind.
And that's right.
So the Orange Bill has major side effects that come in the form of freedom.
Bring them up, man.
Bring them on stage.
That's a great thing about it.
That's a great thing about a David Wong is he'll never have the balls that come up and show himself on stage.
David has a forever invite to this show.
Yeah, exactly.
I can't wait to have him up here.
One day it's going to happen.
I can't wait.
Actually, one day we'll be at the conference, and he's going to come up and say, hey, I'm David Wong.
Pleasure to meet you.
And I can't wait to meet him.
Even if he still hates Bitcoin, he's a mainstable show.
He's the show's mascot.
Never changed, man.
You know what?
I saw that tweet, oh, not tweet, sorry, chat message that you brought out there.
And I was just thinking that David Wong, you just outed yourself as a Bitcoin.
it because you know about orange pills.
You just,
I get it, you're a comedian.
It's funny. We love it. You're the
mascot, but you are a Bitcoin
and everything you're saying is sarcastic.
You're stacking stats hard
and we know it. I just want you to know that.
I'll show up with highlighted tips. I hope so.
I rarely
jump in on any things, but I'll tell you
this. Imagine being so
hateful at something.
Look, I don't care about political
parties, I get, keep that stuff to yourself. Imagine being so hateful that your entire life
is spent waiting for BTC session. To tell us, I mean, it's a great show. I'm telling you, Ben,
I love it. I love the show. But imagine your entire life it's been waiting for your show.
That's great. One time he was here like two hours early. That was such a great day.
Looking at the chat, it was like, man, he was waiting for this show. But, you.
Yeah, David, keep coming back.
I can't wait to meet you in person.
Are you going to be in Miami?
Probably not.
That's okay.
Nonetheless, we're going to keep it going here.
Alex, excellent topic.
We're going to rotate.
We're going to pass it to Pubby.
And Pubby, I'm going to queue you up, the same as the others.
And I'll just ask you, why are you bullish?
It's all yours.
Oh, boy, here we go.
You know, I've,
It's one of the things.
Here's why I'm bullet, for one, Ben, was two years ago.
You invited Andrews and I on to a Christmas Eve special.
And at that point, I knew I made it.
I made it.
No, just kidding.
But, yeah, I'm still disheartened about last year's oversight.
I'm sure that was just something from HR.
But next year, we'll make it.
No, here we go.
I'll tell you what.
Man, when you put that out there, I love that about how it makes you think.
What makes you bullish?
And I started thinking in numbers.
I started thinking about, man, the number 14, 15 coming up.
And I'm thinking, this thing, this thing gifted to us.
And we had an argument today about whether it's discovered, invented, created, whatever.
14 or 15 years later, this thing will not die.
This Bitcoin will not die.
I love that number 14, 2009 to 2023.
Bitcoin's still here, man.
And guess what it does?
TikTok, next block.
And I'm looking at the other numbers.
31.
31 trillion dollars.
31 trillion.
That's our national debt, dude.
That means $2,000.
$250,000 for every man, woman, and child that lives in the United States right now.
Here's your tax bill.
$250,000.
All right.
Then look at the number 210 trillion.
That's unfunded liabilities.
Unfunded, meaning, yeah, we have no idea how we're going to pay for that.
these are the numbers we're looking for man so why i'm bullish is guess what when i sit back
and on a sideline i i can accumulate bitcoin it's a damn beautiful thing to have on the sideline
it's value outside of the system man maybe if you can bring bj up here i'll tell you another
number i don't even know the total number what 170 000
truckers arrested. I don't even, I'm just making that number up. How many truckers were arrested in Canada? They're arrested for what? Peacefully protesting. I don't know what that number is. I can tell you this. Bitcoin would have helped that number. So that's why I'm bullish on Bitcoin is I know at the end of the day for all of this, Bitcoin has always been there to answer, answer the call. Okay. I'm done my rant. Thank you, sir.
So, Sessions, let me just take over the show for a while because you're muted.
So I'd like to ask you, Alex, how do you feel about that emotionally at this stage?
Puppie's running out, Neski.
Pubby, it sounds like puppy's actually bullish on time.
He's like, it's been this long, everybody.
This is good, bullish on time.
It's boomer coin.
We love boom.
I love boomer coin.
I love time.
I've been here for as long as my husband's been here because I,
I came in late, but technically we're together.
Yeah.
Your origin story is his origin story, right?
They're one and the same.
We've been in Bitcoin for X number of years.
I've been in Bitcoin for one.
He's been in six, but who's counting?
You know, we've been in six.
That's great.
I did want to say, I'm glad you gave a shout out to BJ.
Dude's awesome.
I got to see him last year at the conference in person for the first time.
But yeah, he was on the other side of the country and part of the multi-sig setup that we had going to raise some money for the protesters.
And yeah, man, excited to see him again.
So, yeah, shout up BJ.
That's awesome.
Yeah. Yeah. Anders, do you want to, I mean, is there, did you want to add to a Pubby sentiment?
Yes, I do. And like, yeah, I love it. Pubby's foolish for great reasons. And that whole rant reminded me of another reason.
that I'm bullish.
And that is, and that's what I want to share.
In 2008, the Fed learned that, hey, if we print a lot of money and call it a fancy name,
quantitative easing, then when the economy crashes, like quickly we'll get asset prices back
up.
And in COVID, they had that learning.
So they pulled the trigger very fast.
So asset prices went back up.
So I know people are afraid that, oh, Bitcoin is going to, you know, when this, the Fed is driving Bitcoin into a really bad, oh, sorry, the world, the economy into like a great recession, depression, whatever.
So Bitcoin is going to go down for a long time.
Well, just remember that the Fed has learned to pull that trigger really, really fast when assets start dropping.
So that makes me a little bit bullish.
Yeah.
The Fed, did you see that 13-year-old girl that went and asked Warren Buffett about
de-dollarization?
And she had this.
It was incredible.
So she's talking about how, you know, multiple countries are moving to other alternatives
when trading for oil and all of this stuff.
And she started touching on inflation.
And again, 13 years old asking Warren Buffett and,
Charlie Munger about this.
And she was like, so if the world starts to shift away from the U.S. dollar,
then, you know, there will be a flood of dollars in the market and there will be
greater inflation than we've already seen.
How am I as a new and upcoming individual and all of my friends that are growing up in this
world, how are we supposed to navigate a world where we may have de-dollarization, where
the U.S. dollar isn't the World Reserve currency where we deal with inflation and people
flee to other assets. What do we do? And Warren Buffett gave this like horrible response.
Like it was just, I mean, he complimented her for knowing so much and everything. But it was kind
of like, we're America. That was like more or less like, well, we're going to, that's, that's
just how it is. Like he's, he basically said, I don't see an alternative.
He said, I don't see anything else taking its place where America, I guess it'll more or less, it'll be that.
You know, you know a whole bunch, but also don't that against the U.S.
And like that was, that was pretty much it.
It wasn't like, hey, maybe you should look at assets that are not dependent on the Fed.
Maybe you should like, there was none of that.
It was like, well, dollars.
It was a non-response.
is it no threat for him yeah no one told her as a response that just buy and hold bitcoin that's the way to
navigate that environment okay puppy you were saying something no i'm let you know like like a brad
sherman oh don't worry guys is we're the u.s government it's okay we can print money
we can don't right you can trust us where the u.s government and and then we're talking about
why are you so bullish?
I'll tell you another reason I'm so bullish is like people are waking up to the bullshit,
man.
People are waking up.
When you have people like two years ago understanding what is what is this word Fiat?
What is this word Fiat?
What does it mean?
You got people now understanding what Fiat means.
You got people waking up to the fact like you mean we're not tied to a goal thing.
Not that they ever knew.
everyone just assumed
this currency
was like rock solid
people are waking up to the fact
like it's a whole house of
cards and fucking bullshit
what do you mean there's nothing in our
reserves? Yeah what do you mean?
Oh hang on
yeah I got in a picture
in reserve paper they can print
numbers on and then it's money
but you know and we
you know what I know you guys laugh at
and is sort of, let's say, what, two hours, three hours a day, 15 hours a week, 60 hours a month that we talk about this.
I know people laugh at us, and they say, hey, it's a small group that understands it.
And this is why I'm bullish, is because of the small group that we started as friends and were family, and we understand the Shemara.
the bullshit in front of us.
We understand it.
And every day, man, every day, Ben,
guess what?
One or two more people jump in there.
One of two more people jump in there and say,
hey, these people,
they're my kind of people.
And guess who the best one was?
Alex, because she calls out yellow's bullshit.
Yeah, yeah.
Yeah.
Yeah.
Have you all noticed the Easter egg on Alex's screen?
Have you noticed the Easter egg?
Oh, yes.
Oh, there it is.
Yeah.
I love it.
She brings a, so she brings a, so bring a church.
Spanocopia.
You made that?
Bena Capia.
My sister made it.
Yeah, Yellow is getting salty in the.
But Ben, but did, Ben, honestly, this is why.
we bullish? I'm thinking back, man.
I don't need a single
thing.
What I
is I look back on my journey for
six or seven years here.
I don't have 10 years of experience.
I just acknowledged or
that he bought Bitcoin and what's it? Seven years
back, eight years back. What do you say? So
2015, puppy bought at $200.
Okay, go ahead. Carry on, puppy.
My math is
that. I can only tell you
one thing, man.
how you can hold 10,000 Bitcoin on a hot wallet.
I'll never know.
I appreciate your brother.
That's a lot of, man, that's impressive.
Bad guy.
No, I definitely had no disposable income when I started in Bitcoin.
Same here, man.
Yeah.
But hey, I mean, like now, years later, small amounts of savings have at least gotten to the point where it's like, oh,
you get to the point where you're like, I have a comfortable amount of savings where shit could go wrong and I'd still be okay.
And that's what that's what that's what Bitcoin gives people is if you're patient and you have your wits about you and you just modestly work hard, spend less than you earn and save in Bitcoin, then after a few years, you start going, oh, geez, like I've got got my life.
order in terms of my finances. Again, I'm spending less than I earn and I've got a, I'm saving
in an asset that doesn't depreciate against everything over the long term. And I mean, that,
that in itself, that change in your life is significant. Again, if you can, if you can stomach
the ups and downs and you don't make rash decisions because of them, it also centers you,
like Alex, you were saying, you're a much more calm person.
You know, it takes, it takes a Bitcoin bull and bear run to, to smooth things out a little bit for you.
Like, you're going to, again, you go through these ups and downs and it, it centers you a little bit.
It makes you a bit more rational.
It makes you step back and say, what's the important thing here?
You know, does Bitcoin still function as I thought it functions?
Do I understand as much as I thought I understood?
But as long as that remains true, then you just go on about your business.
You keep doing what you were doing and ignore the short-term noise, right?
Yeah, it's like entertainment, really, you know, at this point, when things happen,
we all just like to get on Twitter.
Ah, what's going on?
We don't like it.
But it's fine.
Really, we're all fine on the inside.
Yeah, yeah.
Twitter is a different beast than real life, you know.
I'm not going to say GF wide.
Well, maybe I will to do a few people, but just ingest.
It would.
But let me just explain this thing, man.
And this is beautiful.
What just came out, what just came out with, like, I don't care who you are.
You're going to flood the market with these things like these ordinals, these descriptions.
You want to pay extra fees to miners.
At the end of Bitcoin doesn't change, man.
it's like a mountain
you're throwing rocks at a goddamn mountain
you think the mountain's gonna fall down
no the mountain's there man
it's not moving anywhere
you throw all the rocks you want about it
you say I can
I bring down the mountain the mountain is dead
no man the Bitcoin mountain
is still there it's not going anywhere
it's done the game is over
the game is fucking over
that's what I'm laughing at
I'm laughing at everyone
and this is like any BSV or BCH they've lost 97, 98% of their money.
This is their last gap.
Yeah, well, right.
No, this is their last.
It's their last gas effort to do anything.
And you just, and Bitcoin just sits there and takes it.
Like a good husband.
Oh, sorry, wrong marriage.
What?
Oh, what?
Oh, okay.
Yeah.
The point is this, man.
Bitcoin is unassailable.
Unassailable, look it up.
Look at the word because I don't care what angle you come from.
There's a temporary, a temporary, like, advantage you think.
It's a fiat advantage.
It's not a Bitcoin advantage.
Yeah, quickly, someone will make their dimes.
But it's not, it's not.
Bitcoin. I am very excited. There's somebody, again, American Wong in the chat. I hope this happens.
He said, not literally, but he said minor death spiral after having. I hope we see those headlines again.
This will be my third time experiencing the same fud if we see them. God, I hope I see those
articles again just to just to have like four years staggered same flood of how many years time it's
different this time the minor spiral is going to happen i cannot wait for people to dig up the exact
same articles from 2020 and 2016 i really for the love of god i hope there's some some newcomer
that comes and they're like this thing's going to implode the second this happens not being privy to the fact that
This is our fourth, fourth having now, is it, right?
2012, 16, 20.
25, 12 and a half.
Yeah.
It's fucking crazy, man, isn't it?
Yeah.
Fourth having.
Yesterday, it was exactly three years ago, we had the last having, my first having.
Wonderful.
Yeah.
Yesterday.
Yeah.
It's, so I'm, I'm, I'm, I'm,
I can't wait for Miami.
I'm curious what, obviously, the PLEB party is going to be exciting.
What else are you guys hitting up while you're down there?
What's top of mind?
What are you want to see?
What are you doing in Miami?
Let's talk about it.
This is important.
Let's do it.
Well, let's, first can we, let's bring up the PLEB party first.
Because I think, I think, like, that this, this that I'm highlighting right here, that's,
That's pretty cool.
That's pretty cool.
It's not cool if it's if you don't have tickets,
but that is pretty cool that that happened.
Yeah, so let me comment on that.
Of course, we were very happy and also sad to turn people away.
Our DMs are exploding with people saying like, you know,
can I have this, can have that.
And unfortunately, we can't let any more in.
But, you know, excited that in L.A.
where we did throw, I think, a pretty good party that people enjoyed.
That was the feedback.
That was sold out, although it was free, but people had to register the night before.
This is eight days out.
So, of course, we got to look for even more capacity next time.
We just enjoyed doing it.
We want to make everyone happy.
But I can't wait.
I've been spending day and night on this for a while.
with puppy in the ear
when we don't
when we don't do
a taxicabia.
So yeah,
that's the end for me.
Let's rotate.
Yeah,
I don't know.
Pobby,
you must be excited
for this,
hey?
Yeah,
well,
yeah,
hang on,
let me make sure.
Nope.
Did Puppie just rug?
Why are we bullish?
Oh my goodness.
But you know what?
I think,
like he even prepares.
It wasn't like a proper.
a rock pull of just disappearing, but kind of, like, that was good. I would give that nine out of
10 on the rock pool scale, Poppy's gone, missing in action. Let me tell, for those who don't know,
Alex, I don't know. So, if you know, but what is this? This is two years ago. We had Robert
Breedlove, okay, the Adonis of Bitcoin, untoxic happy hour, and about an hour, 10 minutes in,
puppy starts leaning back
and I can't
I can't get contact
with puppy we're live at this point
three people
meet puppy and breed love
and I'm yelling at him
he ain't hearing anything and then
he's just down the chair
and puppy's out he fell asleep
he actually fell asleep on Robert
Breedlove I know as a foreigner
it's a lot of words
but we know they're good words
there you know there's a lot of knowledge in there
Oh.
Oh.
Hubby was faking us out.
I thought that was like an excellent live rug.
Oh, man.
No, it should have been.
Yeah, I didn't forget the last question was there.
Was it about what party was it?
Oh, yeah.
You know what?
Everyone's like, oh, yeah, this is fantastic.
You got to throw this party.
It seems so easy.
Yeah, it's fucking easy until it's not
too easy. Man, like, where's your security? Where's your insurance? Oh, by the way, if you don't have
enough money to pay for the alcohol, it's up to you guys. No one's ever thrown a party before,
really, in my mind, until you're throwing a party in Miami. Just saying. I mean, I've done a lot of
private parties. I love to get people over and stuff, but it's not the same as getting a venue
and doing stuff. But I just know, like, L.A. was so much worth it.
It's just phenomenal when you're having a good time with all these people and people appreciate that you put something good together.
And I know it's going to be like that in Miami.
The reason I haven't been on toxicapia are 80% of the time during this week and probably last week is because I'm talking with the venue.
I'm talking with Swan, who's the sponsor.
And it's like you think it's simple, but there's just a lot of moving parts.
But I think we pretty much have it at a point where it's going to be absolutely phenomenal.
The only thing that we cannot control, and I like to control everything, is the weather.
But let's not talk about that because I looked at the weather forecast.
I will hear.
No, Anders, I want to know.
That's what she said.
Bring an umbrella.
Bring an umbrella because you never know what it's going to.
Although, like, Florida weather around this time, like, when it rains, it's like beautiful in the morning.
It'll rain for like a couple hours in the afternoon and then get beautiful again.
Like that's, like to me, I think rainy and it's just like rain solid.
Like that's what I'm in my mind, but that's not the reality of Florida.
So Swan, our sweet epic sponsor, they're holding a raffle.
And I'm not doing any of this to some.
tickets because we're done. I'm just saying it out of pure passion. They're doing a raffle with a lot of
prices. The biggest one is a $3,000 VAP ticket to Pacific Bitcoin, which is going to be October 5 and 6.
And I'm sure Ben has a discount code if you want to get discount on those tickets. We're definitely
going to be there. What I wanted to say is I looked at the weather forecast, and I think that
raffle should go ahead. And then I think they need to add another competition that if you don't
bring an umbrella, we're going to do a miss slash Mr. Wet T-shirt on that rooftop that night.
And anyone can participate. Thank you. Yes. And so, Jim, we're not going to rock you.
Yeah. We love you. So, okay, so my question, again, maybe, I know, maybe I'll toss down.
Alex here. What are you, again, what are you hitting in terms of events, obviously, besides the,
besides the event of the event, the toxic happy hour party, club party. But what else are you excited to see?
What are you doing down there? It'll be my first time going to any sort of event related to Bitcoin
other than the BitDebs meeting that I've been to.
This is my first Miami Bitcoin.
This is my first pleb party.
I don't have anything else planned.
I'm kind of a go-with-the-flow type of gal.
So if I think, oh, this was cool, you know, I should go to Pacific or, oh, I should go to Texas.
And I'll probably play it by year.
But I'm pretty much just excited to say hi to everyone, meet all my my.
my little Bitcoin Twitter friends, have conversations with them, have a drink with them.
I think that'll be fun.
Alex, you have no idea.
It's the best thing in the world, what you just described there.
Like, you're looking forward to it.
I look forward to it.
Bitcoin Miami, 2021 was the first time that puppy and I actually met each other after having done
the show on YouTube for a year.
Getting together with your friends at a Bitcoin conference is the best thing.
Yeah.
100%. It's, I'm looking at my, my week. Holy God, I have really, so here's my situation. Last year when I was down there, I did. There's a, it was a ton of fun. I saw a whole bunch of stuff, but there were definite notes that I have for myself of like, okay, make sure I don't do this next year. So one of the things was I got caught up in a few conversations like,
shit-coiny conversations with like people meandering and then and then saying oh hey and then and
you know obviously I'm happy to talk to like anybody that's wanting to talk but like when the
conversation shifts to like oh this is why this token is useful I don't want to have the
conversation and like maybe as the polite Canadian I'm just not forceful enough to be like listen
man I don't want to fucking hear it I got I got shit to do so I need to get
better at exiting those conversations and going and and because it's a limited amount of time.
You're too Canadian. You're too nice. I'm too Canadian. But I need like it's a limited amount of
time. There's so many great things to be doing with your time and your time is very precious when
you're down there. So like you've got to find that signal hone in on it. And if something's not,
like if you're like, I know I'm not interested in the current thing right now, then then go and find
something that that is is valuable with your time.
The other thing that I'll say is during the day,
if you don't have plans explicitly that night,
start asking people during that day what's going on
and figuring out where you're going to go
because it can be difficult to get a hold of people
once they're already out because they're having a good time.
They're not looking at once.
So one of the nights,
I ended up being like,
had not really much to do, which is insane to think because there was so much going on,
but I just couldn't get a hold of anybody at that point.
So, like, I'm looking at my scalp right now, and holy hell, I may have gone too far in the
opposite direction because, like, I...
It's the schedule, man.
Like, we should all say the schedule.
Alex has got the toxic tap your play party.
That's cool.
I put this out there.
I put this at there quite a bit.
And I've only been to two of the main events, 2021, 2023.
But Andrews, as you know, we've learned this lesson.
We've learned it quite well.
You've got to have it sort of pre-planned, but not pre-planned.
And what I mean is this.
What you've got to do is like have one or two things set up.
But guess what?
You're going to change your mind once you get there.
and so here's how it works
you show up
our first
Andrews remember
our first year
you show up
we're having a good time
I got a whole story for that
yeah
yeah
yeah I know you love
still love Jessica Hodler
I know
because she hooked us up
oh was that a name
was that name out there
no so here's how it works
you go out
you're having a good time
we get
you go back to you have a great time
all day you're having
you're having phone with your friends
and you get back to the hotel,
you go get showered up, cleaned up,
you meet your boy anders back down in the lobby bar.
What are we going to do tonight?
I don't know.
What are you going to do tonight?
Oh, wait, I just got a text from my friend.
Oh, wait, was it?
Safedine?
Safeed Dean?
Wait, you mean the guy that wrote the book?
Let me care it up.
We didn't get a text from Safeed Dean.
No, no, no.
We got a text about Safeed Dean.
right and we're showing me this like hey check this out you got a wait safety a moot yeah dude steak
steak hour what where is it we had no plans we get someone that actually sends us tickets to this thing
we're like fuck yeah of course we're going to go there of course we're going to go there so um
great night um you see saffadine i don't even know if ben was on
that one. I don't think so, but Ben's ready to jump in here. Sorry, Ben. Go ahead.
Oh, no. I, there's, uh, do you guys want to hear my, my, my, yeah.
This, okay. So, I mean, we, we all love our, our buddy Nico, uh, from Simply Bitcoin.
So Nico's Mrs. Sessions is dying his hair. So on Tuesday, we're going to do a live show,
and, uh, he will be having his hair dyed during it. And then we're going to touch the tips. Uh,
And that may contribute to the bull run, perhaps.
Or nothing at all will happen.
But one of those two things will happen.
Either way.
And actually, I'm going to say anybody that's out there on Twitter,
tweet out and tag myself that you want to come, and I'll pitch you.
That's what she said.
Yeah.
I said.
What else?
I was at, I'm not very religious myself, but I was asked to,
come to a Bitcoin 101. I thank God for Bitcoin. So I'm going to go and I'm going to and I'm going
to be there for a bit and Pubby just rugged again. Right. Let me tell you the real story about Pubby.
No, carry on Ben. Yeah, joke. The cocktail party. That one is looking pretty good on the Tuesday
night. That should be a lot of fun. I'm doing my cold card workshop on the Wednesday.
There's one ticket left for that by the way. And then of course, the Pleb party.
is going to be an absolute blast.
The following night,
I'm going to go to the Nostrich karaoke night,
which should be pretty awesome.
And that's, oh, shit.
Oh, sold out.
Holy crap.
Maybe just show up anyways.
And then Saturday I'm going to go to the after party, I think.
And then, like, on top of this, of course,
there's like the conference itself, right?
Like the, I'm going to be, I'm going to just try and see all the boots and stuff.
I'm because I'm lucky enough that I got a because I got a speaker pass.
I can go on the Thursday when it's less busy.
So I'm just going to use that and I'm going to just hit all of the booths and try
and see everything on the trade floor.
And then the Friday I've got, I'm doing a talk about cold card and coin kite on the open source stage.
And I'm on the news desk.
And then I'm really excited about the panel on the Saturday.
It's like a content creators panel.
and it's Nico, myself, Carla from the crypto couple, and Mick over at Geyser Fund.
So that's awesome.
God, there's so much going on.
The Sunday is like pretty empty and then I fly home Monday.
So but holy crap.
It's a lot.
There's so much.
And like for every one of those things I just said, there's simultaneously 10 other things
going on.
Yeah.
Wild.
Yeah, it's jam packed.
If only I could clone myself and watch all of it happen at once.
Yeah.
Yeah.
Yeah.
Mark, it says, don't forget to pick up some Colombian lightning coffee.
Is there a column?
Are they going to have a booth?
I hope so.
That would be great.
I would love to bring some.
I have a friend who owns Pione.
I can't.
Oh, yeah, Ben.
Ben Justman.
Yes, Ben Justman.
I love, I can't wait to try some wine.
He's part of the High Council of Bitcoin Ben's, don't you know?
Yes, there are plenty.
There are so, we are all Ben.
We really are.
It is a true 51% attack on the male names in the space.
And anybody who isn't named Ben will call it by, you know, having 2028, you shall be out of
consensus and you will no longer be able to use the Bitcoin network, just so you know.
There you go.
Oh, Bill Sean Harris there as well.
So let me say my game plan or whatever for Miami, arriving Monday, checking into an Airbnb,
I can recommend that.
I learned that, we learned that probably and I at Bitcoin Day, that instead of you have a
hotel room and like, you're not going to hang out there.
You can't have friends over there.
Like when you're in Airbnb with other Bitcoiners, you're having the best time.
And you have the best opportunity to like, you know, after party, after whatever you do.
I got a speaker for that reason, actually.
Then I'm going to try and sneak in as a personal item in the plane.
So Monday, no big plans.
Tuesday going to Bitcoin cocktail like you, Ben.
And I don't know if they still have tickets because they sold out last year and they're expecting to sell up this year.
But I know I don't have a code, but if you use the code legit or cap from Shelley legit, it costs $40 instead of $50.
So Tuesday, yeah, looking forward to that cocktail party.
I know Wednesday there is Lightning Ventures has, they have something.
It costs 21,000 sats, which is around $6.
Jacob Musuko is there, whom I'm a huge fan of, godfather of toxicity.
And he came to my meetup in 2017.
I was so honored him and Mir and spoke.
And then Thursday, of course, our toxicabia party.
Friday and Saturday, I think Swan has something that we're doing.
I don't know if you're going there, Ben, but sorry?
Not a clue.
Okay, yeah.
And then the rest, I don't know.
I'm just, yeah, as you're saying, like talk to people during the day, find out what they're doing and make plans.
So we're trying to, like, we've made some plans and then we're trying to not, you know, overplan it.
As I can hear you're saying you have.
So there is some open, but that also gives you the risk of not having something, I guess.
but we've got an Airbnb, we've got a barbecue, we've got a hot top, we've got music.
So it's not going to be the end of the world.
You'll be fine.
Your lack of plans will be plans in and of themselves, right?
I'm thinking maybe I shouldn't be so chill now.
I miss too much because I haven't planned anything.
There's a bunch.
You'll be fine.
There's going to be a million things, I promise you.
So, all right.
Well, I think at this point, I'm going to start rounding it out.
But what I like to do at the end is just any quick final thoughts you may have.
And I always like to ask people that are on here to give a recommendation.
And this recommendation can be anything.
It can be life advice.
It could be something that's helped you in your Bitcoin journey, whether it be like a book, a video, a podcast, an app, your favorite wallet, your favorite device,
and anything at all that you think somebody should check out that you like.
So all start us off.
My final thoughts are just, there's so many cool things being built in on and around Bitcoin.
And it's easy when you're in Bitcoin for an extended period of time to feel like it's staying the same.
But it's just the bias of being in it and watching it happen as it happens.
the people that aren't actively engaging with it that like, you know, Alex was talking about when, you know, FTCS scares them off and then they come back years later, they're going to be like, oh my God, what is lightning?
What is like, how is it I'm able to send Bitcoin instantly back and forth?
And I have all these, there's all these tools and it's amazing.
It wasn't like this before.
And I think it's easy to forget that.
So if I can give one recommendation for people, it's to try.
something on Bitcoin that you haven't tried yet. Try something, some tool slightly outside of your
comfort zone at some point in the next couple of weeks. Pick something you're going to try
and just give it a go and just see what it's like and then learn and see what you like and see what
you don't. But that would be my recommendation is try something new. I would say if you're going
to try something, lightning if you haven't, liquid if you have.
and just play around and just see and I'll leave it there but I'll toss it to Anders
no let's let's go ladies first because you told us what to prepare and I'm not prepared for
recommendation she didn't see that so I'm thinking here what to recommend let's get more
inspiration let's hear from the ladies first I'll toss it to Alex as planned
final thoughts what I will say I will say I recommend not to best
on poppy being back here over to you Alex oh man well you know I love how Ben is uh you know
he's he's more forward thinking he's all about like let's try something new I really like that
you know he's basically telling us all to stopping a bunch of boomers you know look at lightning
you know love boomer coin to an extent but um I would say you know we're all in this
together, everyone. We're not in the Fiatrix anymore. Support your fellow Bitcoin businesses.
They mean a lot because they might be the small steps to mass adoption. Someone's going to walk by.
You know, what's that shirt? What's Bitcoin? Oh, what's that wine? That looks good. Oh,
that coffee. You know, you need to support your local Bitcoiners and even the non-local ones.
And I think, you know, they're going to be, they're going to be more important than you think, too.
So, yeah, I agree.
So create your local Bitcoin economy.
Support your Bitcoiners.
I love it.
We need a shirt that says support your local Bitcoin.
I think that'd be good.
Anders, time's up.
Go into you.
Damn.
Final thoughts are your mom.
Recommendations.
I would say, so T.C.
for instance, our good friend. I remember him before Pacific Bitcoin, or maybe it was even before
Miami last year. He's saying, like, I'm not going to Bitcoin conferences because of doxing fear
and, you know, risk and safety and all that. Then he came to Pacific Bitcoin, where we hung out
and it was amazing. And he realized it was amazing.
I understand that it's also a money decision because it is not free.
Recommendation, both for the conference.
Like I know tonight I think the general admission in Miami is going to be a thousand.
Buy them early.
I don't know.
What did they start at 150 or 200?
I don't know.
They started at like 200 something.
Okay, at 200.
So I would recommend to go to these things because they are life changing.
and if they really are emotionally like family wise friendship wise but also for people that that
you know want to get a life somehow within the bitcoin community or industry or whatever the
connections you make it's it really is a great great experience to go so go to these things
and buy your ticket early surfer gym was smart he bought a toxic
Cabaret Plet Party ticket for Miami next Thursday for $21.
And now they're sold out.
And the last one at 121 were ripped away, right?
So buy it early.
Buy that ticket early and go.
It's a great experience.
That would be my recommendation.
And stay healthy.
Work out.
Go to the gym.
Just like big.
Come in early.
Yeah.
And work off that toxic happy hour hangover from the party.
Get to the gym the next morning.
So yeah, I usually don't drink alcohol because when we do, I mean, during toxicapia, because it's 11 a.m. for me.
But now it's a great time. It's Friday, you know, it's, it's, it's almost, it's 4.30 p.m.
So it's nice to have a beer with you guys.
Yeah, absolutely.
Well, I'm, I'm very excited to see you both and, and our rug pulling friend in a few short days here.
I can't believe how quick it's coming up.
So, yeah, I'll, all.
I'll be hitting you guys up.
I'll be sliding into your DMs as soon as I get down there.
So yeah, thank you both for being on the show.
Thanks to Puppy for being on most of the show.
And we'll see you down in Miami.
So yeah, we'll see you soon, guys.
And you're bringing Lisa, right?
Yeah, she will be down there.
She's good.
The most amazing wife there, as is Alex, of course.
I'm looking forward to meeting her.
That sounds awesome.
Thank you so much for having me, Ben.
I really appreciate it.
No worries.
I'll see you both soon.
Yeah, thank you.
Thank you, Ben.
Really appreciate it.
No problem.
Later.
All right, everybody.
Thank you so much for being here.
Of course, give them all a follow.
All their Twitter handles are in the show notes.
So you can follow Anders, Pubby, Alex.
They're all down there.
And don't forget to listen to Toxic Happy Hour all the time, every single day.
Of course.
like sub, share, all those things help a ton with the show.
You can hit up the previously mentioned sponsors in the show notes.
That also helps.
If you want to help out the show in another way, of course, you can just go to my website.
My website is btc sessions.ca.
And there you'll find a ton of stuff.
Number one, a ton of resources for newbie friends or yourself.
If you're looking to get started and that will walk you through all the steps of leveling
up as a Bitcoinser. You can link directly to the YouTube show from there. You can book me for
one-on-one private sessions if the free tutorials aren't enough and you need some handholding.
There you go. And the in-person workshops of which there is one coming up in a few days here in
Miami. There is one ticket left. You can grab that from my website here. And if you really liked
what you saw, you can always drop me a Bitcoin tip, a lightning tip. Just scroll down a little bit.
There's a QR code. You can scan or you can even click the thing. It'll take you to my Geyser
fund page, which it's all the same. It all goes the same place. So with that, I am out. Have
yourselves a wonderful day or evening, wherever you may be. See you guys next time for your daily
session. We have BTC sessions. Bitcoin is a few money. You can't stop it. Get yourself some Bitcoin
and hold it yourself pure to pure exchange. You know, people are going to organically come to it
and gravitate towards it, especially in the world we're living in now. It's incredible. It's a great
tool and I can't wait to see it proliferate everywhere.
Total the Bitcoin.
