BTC Sessions - WHY ARE WE BULLISH? Wicked Smart Bitcoin, Rustin of Simply Bitcoin, Rick from Cryptocloaks -BTC CHAT ep374

Episode Date: November 4, 2023

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Starting point is 00:00:32 What is going on? Everybody, welcome to the show. Another Friday, another episode of Why Are We Bullish. I was just backstage with the panel and vibes are high. I'm excited for this one. It should be a blast. We got a bunch of legendary gentlemen just waiting to get on. Just waiting to bestow their reasons for being bullish upon all of you.
Starting point is 00:00:55 Thank you guys for being here, by the way. Of course, we're going to be pulling up that chat and everything. So get ready. get your typing fingers ready. I want to see lots of chat and commentary and all that stuff, and I'll be pulling up stuff as we go. Of course, this is live. Anything can happen.
Starting point is 00:01:12 So I defer to my friend Bill here. We'll do it live. Okay. We'll do it live. Do it live. I can write it and we'll do it live. The thing sucks. If you have not already, please do like, subscribe,
Starting point is 00:01:32 share all those things help a ton. like button just below. Make sure you give that a slap. Share this out to whatever social platforms you're on. And of course, subscribe if you have not already. I am Ben with the BTC sessions. This is your daily session. Before we bring in our guests, let's take a quick look at where we are in the market right now. I'm bringing up time chain calendar.com. We're sitting at $34,667 per coin. A single US dollar will pick you up 2,885 sats stack them while you can. I'm bringing up that side chat right now as well.
Starting point is 00:02:22 So for better or worse, all of your commentary will be live for the world to see as we go from this point forward. In terms of fees, next block, a little bump just before I came on here was doing a session with somebody. Anyways, 31 sats per byte. Next block, anytime six sats per byte. Mempool is purging anything sub 2.63 sats per V byte. In terms of Bitcoin mined, we're sitting at 19.53 million of them, 93.01% of total supply and plenty of other fun metrics over here on timechain calendar.com. Make sure you check it out. TCs doing us all the service by putting together this little resource. Anyways, shout out to sponsor to the show hoddlehoddle.com.
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Starting point is 00:03:32 Links are down below. When you do stack some stats, of course, you're going to want to secure it with some of the best hardware on the market. I love coin kite, everything they're doing. The other day, I shit you not. I pre-ordered six cold card Q1s. So they're on the way. I had already pre-ordered one.
Starting point is 00:03:51 So anyways, I've got seven of those things on the way eventually. But they have a ton of awesome stuff. Of course, the cold card mark four is my go-to at the moment. I love tap signers, sats cards, block clocks, all their goodies. I have them stacked here. If you want to pick up or reserve anything I mention, head over to coin kite.com. You can use code of BTC sessions for 5% off everything in the store.
Starting point is 00:04:13 Seedore is great for your steel backups. You've got to keep those seed phrases safe. Of course, they've got this disc and capsule design so that you can swap out your seeds if you need to. But this thing is resilient as hell. They put it through the ringer, hydraulic presses, fire, water, corrosion, all that
Starting point is 00:04:29 stuff. It will keep your shit safe. So you can check them out. You can get their full starter sets with mallets and everything to stamp your seeds. And yeah, head over to cedore.com. I have links down below. If you're looking for the best shipping options available, the links will vary. Anyways, moving on, nunchuk.io has you covered with your assisted multisigs, of course.
Starting point is 00:04:51 You can set this thing up very simply on your mobile device. It works with tap signers, cold cards, and a ton of other hardware options. And when you do so, they'll hold one key. You hold the rest of the keys in a multi-sig quorum. It has baked in inheritance planning. And the whole thing is KYC-free. You don't need to use your personal information to sign up and have this thing work for you. So check them out. I have a full tutorial on them as well. And lastly, Start 9, your sovereign
Starting point is 00:05:15 computing solution, plug and play options for running your whole Bitcoin stack. So this includes Bitcoin Core, Lightning, Mempool.com, space, join market, files, passwords, photos, Noster clients, and relays, you name it. They got it. Everything from light nodes all the way up to what I'm running, which is the Start 9 server pure, which is an absolute beast. They just discounted it by a couple hundred bucks, and you can use my code, BTC sessions with a little plus, and get yourself a further 18% off. Anyways, guys, check them out at star 9.com. I'm done ranting here.
Starting point is 00:05:45 Let's get the gentleman in the room. Welcome, welcome to, we've got Rick here. We've got Rustin, and we've got the moustachioed Apple Wicked. Guys, thank you so much for being here. Vibes backstage. We're high already. I think we all collectively, I won't say it. We were all having a good time backstage.
Starting point is 00:06:09 and I'm happy to have you all here. But, you know, we're going to get into it. We're going to do a quick round of who are you in? What do you do? And I want to give a shout out, of course, to everybody in the chat as well. That is here watching live. Really good to see everybody here. Jaime, Matthew, Simmer, and Mopar and Joshua.
Starting point is 00:06:30 Anyways, I see all you guys here. Very happy to see you. And, of course, keep those comments coming. But let's do a round of intros for anybody. anybody unfamiliar. Rick, I'm going to toss it to you. Your background and some of your apparel is giving away maybe who you are and what you do, but I don't care. Say it anyways. Just a little bit. First of all, when you said two bites are getting wiped out and purged, that that worries me. I have like two transactions. I was waiting on that. So that's freaking great. I was bullish up until
Starting point is 00:07:00 that point. That changed everything. Is that for bite maximalist or what? Yeah. But no, I'm Rick from Crypto Cloaks. We do a little. a whole bunch of different things for 3D printing. I think we're probably most famous for the space heaters right now. So that's what we do. Shops running the background, packing peanuts, ready to go. So I love it.
Starting point is 00:07:20 Dude, you're killing it with the space eaters. And yeah, I'm super happy to see like you guys just had your biggest month ever, didn't you? Yeah, it was nuts, man. For a bear market, that's pretty insane. Yeah. Fuck yeah. Good job, man. Fuck yeah.
Starting point is 00:07:36 Also, Nico is being observant in the chat. that Ben is drinking in all caps. I suppose so. Yeah, Rustin, I'm going to toss it to you, man. First time on the show, thanks for being here. And again, I heard you on Spaces the other day. I can't remember where you were on, but somebody was very correct inciting
Starting point is 00:08:01 that you have the best podcast voice in the game. So welcome, man. Give yourself an intro. Yo, man, appreciate that. You know, a little overhyped there. But I'll appreciate that was Josh at large. We were kind of doing a space bridge in the libertarian community and Bitcorners. That was a lot of fun.
Starting point is 00:08:21 But I'm Rustin. Head of News at Simply Bitcoin kind of handle work with the team, getting those tweets out, staying on top of it in charge of Simply Bitcoin originals. Every now and then you'll catch me on Simply Bitcoin Live and kind of lurking back when Miko went off to you're doing their thing. getting things taken care of in the background, but super stoked to be here, been a fan. One of the first thing, we were talking about this before,
Starting point is 00:08:46 but one of the first videos I ever did, no one's ever seen this. I doubt you could find it out. It's absolutely terrible. But I was super stoked and watched Ben and them a lot. And it was an old, Why Are We Bullish?
Starting point is 00:08:57 And it was the Yellow, the Prophecy episode. And that was when Yellow had the Rick and Morty background and all that. So yeah, and I also work with Wicked Cafe Bitcoin, I get some research and news into Alex in the morning and just kind of help keep the spirits up in the old chat. I will say this won't be part of my bullish, but I am bullish. I bought
Starting point is 00:09:20 low on the Apple a long time ago, and he's like, Michael Saylor's right hand man now. I love it. I love it. Awesome. Well, I'm glad to have you here, man. And yeah, you're killing it. I'm enjoying everything you're putting out. And speaking of content that I'm a huge fan of Wicked, I'm glad to finally have you here. You've been killing it with the educational stuff. Welcome, man. Give yourself a little intro. Hey, man. Thanks for having me. I'm really happy to be here too. So I am Michael Saylor's right-hand man. And not just kidding. I mean, you know, I'm mostly just a pleb trying to learn about Bitcoin, right? And in my learnings, you know, I try to teach as well. So I put out a lot of animations.
Starting point is 00:10:08 to have different statistics and things about bitcoin that can help you learn and then more lately i've been putting out tutorials for uh hardware wallets and signing devices and how do you sparrow and all that good stuff so unlike ben you won't see my my pretty face but you'll see my hands at least and you can imagine they're yours so maybe it'll help you kind of figure out how to do it yourself i mean i see i see your face right now what are you talking about you're your full Oh, yeah, oh, right. Yeah, my full red face. Pretty sure those hands are moisturized, too. Yeah. Are you trying to tell me you're not actually a moustachio at Apple? I don't think so.
Starting point is 00:10:47 Yeah, yeah, yeah. Well, guys, I'm super glad to have you all. This is going to be a good time. And, again, everybody in the chat, thank you for being here. Hi, may I see you in there as well? Good to see you. He's asking if anybody was me had had some hot tips for for Halloween. Yeah, I mean, we convinced we have another tip now.
Starting point is 00:11:12 We got Nathan, Nathan fast to dye his hair. So we've got a trio of tips that my ranks will continue to grow. I'm warning you guys now that this is a 51% attack on the male hair in the space.
Starting point is 00:11:28 And so all of you on this panel eventually, whether you like it or not, will have a blonde tip. we're going to have to do something with the leaf, I think, maybe is how we'll have to do it. But we'll figure it. I'm working on it. I'll have it by the end of this. Oh, he can sprout another bleach that leaf.
Starting point is 00:11:46 Yeah, yeah. I think it can happen. I think it's going to. Anyways, guys, we're going to dive in now. Everybody that's watching, thank you for being here, of course. Give this a like, give this a share. That helps a ton. But we're going to dive in.
Starting point is 00:11:57 This is why are we bullish? Very simple premise of the show. Each one of us has come with a reason for being bullish. There's something that has as excited in the Bitcoin space. It could be anything. It could be a personal experience, a news item, an app, a piece of hardware. Whatever it may be, doesn't matter. But the flow of the show will go as follows.
Starting point is 00:12:15 Somebody's going to drop their reason for being bullish. This is their chance to rant and let us all know what they're excited about. After that rant, number two, we're all going to riff on it together, questions, comments, whatever rabbit holes we decide to go down. And then finally, three, we're going to rotate to the next person until we've all had a turn. So reason, riff, rotate, simple, easy as pie. So I'm going to get us started today with my reason for being bullish. And I was conflicted.
Starting point is 00:12:41 I had a few different things that I wanted to cover today. But I settled on one. And I settled on this one because it's a big fuck you to walled gardens. And this is what I love about it. And it has to do with Noster. And so the preamble to this is a while back earlier this year, Apple basically said to Domus, which is a client for Noster, decentralized social media network, basically said like, hey, you guys are doing in-app payments, and that's not allowed on the Apple App Store unless you give us our 30% cut. And you should use Apple Pay instead and basically like booted them out of the app store. And so, you know, they basically jumped through hoops to try and get approval to get back in the app store.
Starting point is 00:13:36 And they still came back and were like, no, screw it. You guys are doing payments. Not okay. So you're gone. And so they basically had to remove zaps. And anybody that's not on Nostr, basically, you can very easily integrate Bitcoin Lightning Network with Nostr and then be basically tipping posts with lightning payments. as you see fit, which is super cool. You can click on a post and instantly zap somebody from a lightning wallet you've connected. And so the response to this was, you know, Domus didn't just not want to be
Starting point is 00:14:08 on Apple devices. So they had to capitulate and remove zaps, at least from posts, because Apple decided that if you were tipping a post, then you were unlocking digital content or paying directly for content in some way. And that was not allowed. But you, you could go to, you can still go to somebody's profile and send them the Bitcoin tip because that for some reason doesn't fall in that same realm. Well, a few guys put together a tool that basically bypasses all of this. And that tool is called Zapal Pay, which is great. And so this is, my favorite is the preamble from Zappel Pay on the website. Zappel pay lets you zap from any Noster client.
Starting point is 00:14:59 Just react to a note and then they crossed out note and put into like SpongeBob type unlockable digital content with a hang 10 emoji. And Zappel pay will notify your lightning wallet over Noster Wallet Connect to pay the Zap. And so this is super awesome. I just did it as a test today. and then I got my buddy, Dave, to set it up because the Zapps weren't working for him. Anyways, so the way it works is you go here, you literally just go to zapopaid.com. If you're on an Apple device, you have Noster, but you can't zap posts.
Starting point is 00:15:39 Well, here's your solution. You go here, you go, and you're going to drop your NPUB. So your NPUB is your public identifier. So if I'm looking at, say, my account here on Noster, it's usually on your profile page. and it's just a clickable little link. Okay, great. It's a string. So I go over to a ZapalPay and I paste it in.
Starting point is 00:16:00 Okay, so that's all the information I need here. Then it says, hey, what emoji do you want to use for this? And you choose what emoji you're going to use. Lightning, Hang 10, thumbs up, whatever it may be. You choose it. Then you say, what amount do you want to zap every time that you do that? Maybe 21 sets. And then lastly, you're going to get something called a Noster Wallet Connect string.
Starting point is 00:16:21 Okay. So a Noster Wallet Connect string is going to be generated from whatever lightning wallet you're using. And some of them don't support it, but a number of them do. One such one that supports it would be something like Albi. So if you are using Albi, it is custodial. So not, you know, not the best option. I'm going to show you a better option in a moment, but just an example because I know a lot of people use it. So Alby, you can go to this website, NWC, which stands for Noster Wallet. connect.gettallby.com. And this basically, if you already have Albi set up in your browser, it'll already be good to go. And you just hit, I'd like to set a new connection. You give it a little name and it's going to pump out a little code for you and you just go back over to Zapelpay and you paste in that code and you hit save. That's it. And now from now on, whenever you go to somebody's post and you post the emoji of your choice. So I'll just give a little example here. I'll go to here.
Starting point is 00:17:25 And you can see that recently, let's see, let's go to home. Okay, there's a post right here. All I would need to do to zap this person is to paste in. And I think if I can do it, let's see, hang tan emoji. I'm just going to copy it really quick. So if I copy this and I just go and paste it over, and I'm obviously going about it not a super easy way. But anyways, hang 10 emoji.
Starting point is 00:17:54 That is so dope. Doing this on my, doing it on your desktop is not as easy as doing it on your mobile. Are you on Apple right now? I am. I'm on a Mac right now. I can't have it. Yeah. So here's my hang ten emoji.
Starting point is 00:18:14 And this is zapping somebody. I had already set it up previously. It's zapping this person's 69 sats. Nice. So nonetheless, I just app this person by posting an emoji. And you can do the same. The other suggestion for wallet that I did this with is Mutiny Wallet. And this is a non-custodial wallet that you can get.
Starting point is 00:18:36 It's browser-based and you can install it as a progressive web app on your phone. But same deal. But you can basically set it up. You have a 12-word backup for it. And you can fund it. Everything's automated in the background. and it'll automate your lightning channels and all that crap. And then in the settings, you can get a Noster wallet connect code and plunk it into Zappel pay
Starting point is 00:18:58 and you're off to the races. So you can do this custodially or non-custodially in a few clicks and you're set. So I'm bullish because every time when it comes to Bitcoin, when it comes to Noster, when it comes to all this stuff, every time somebody tries to establish a walled garden, there are people here that get to say a massive fuck you and build tools that rots around it. And that makes me bullish as hell. And the second thing that makes me bullish is Wicked's hair. So I'll leave it at that.
Starting point is 00:19:36 It's like Troubota Wicked right there. It is. I was trying so hard not to laugh while you're trying to be like serious about. I thought I was like, oh my God. It's amazing. It's amazing. Well, okay, so I'm going to leave it there. And I'm going to open it up to you guys, questions, comments, whatever.
Starting point is 00:19:55 What do you guys think is Apple Pay, having taken a look at it briefly here? I mean, I think it's fucking awesome. Fuck Apple. I mean, there's nothing more to say than that. Yeah, yeah, 100%. It's so great to see people just rode around them and ruin their 30% cut with an emoji like this. Yeah, I love that. It's so epic.
Starting point is 00:20:16 It just shows like everyone. else playing checkers and Bitcoin's playing chess. It's five steps ahead every time. Any time you try to stop it, stifle it, you're just hurting yourself in the long run. Like any attempt to stifle Bitcoin, if there's a little crevice, a little crease, it's going to find a way. And that's what's amazing about this. And just that, just sticking it to the man. And another thing, like, pretty sure Steve Jobs would beat the hell out of Tim Cook and a cage match. Just so. So, Rutz, Would you then say that Bitcoin penetrates crevices? All of them.
Starting point is 00:20:52 Every crevice. Okay. Good. Good. I thought so. Wicked. What are your thoughts on Zappel pay? I love it, man.
Starting point is 00:20:59 I have Domus downloaded. I go on there once a while. It always bugs me that I can't zap anymore. So, I mean, this is fucking beautiful. Love it a lot. I can't wait to, you know, try to try it out, I guess. Yeah, man. It's awesome.
Starting point is 00:21:13 And, you know, I just realized this as we were talking. talking here. This, the second wallet that I suggested, the mutiny wallet, the self-custy option, this solution, back in the day, Apple went and they basically banned Bitcoin wallets from the app store. This was like 2014 or 15, something like that. They said, yeah, Bitcoin wallets not allowed on Apple devices. And they banned them. and they were no longer in the App Store. You couldn't use them anymore. Mutiny wallet bypasses even that because it's a progressive web app, right?
Starting point is 00:21:54 You go in your phone and then you hit the little thing that says install or like add to home screen, I think, and it'll just be a clickable app. It gets rid of the browser URL thing up top and it just looks like a native app. So it solves Bitcoin and Noster solve Apple. Like that's... Bitcoin or Solve. of anything. That's the best part about it, man. It's crazy to watch what happens when there's like something that gets in the way of Bitcoiners building. And there's immediately, they build
Starting point is 00:22:26 something to just say, fuck the system. We're going to do it our way no matter what. And I love that. That's my favorite thing to watch in the space. Yeah, it's incredible. Anybody watching right now, if you're number one, if you're not on Noster, start playing around. You can get set up with any, I would say if you're on an iPhone, grab, uh, grab, uh, grab, grab, grab, Domus if you're on if you're on Android I like Amethyst that's the one that I'm using I don't know that one's decent I still have problems Android I feel like doesn't have a good solution yet there's problems with all of them I definitely think there needs to be something better yeah it's super early I've got to say amethyst has been working very well for me lately though I don't know
Starting point is 00:23:07 are you what are you running into like mine never updates it's slow as shit so maybe I don't have enough peers or connections I don't know what the hell it is man Yeah, maybe, I don't know. How many relays do you have? I have no idea. I don't know, man. 21. I have no idea.
Starting point is 00:23:28 Relays. Yeah, I've got 23. Jesus, I think I have like seven. Maybe that's my problem. Might be. Yeah, I don't know. Hey, Rustin, you're muted. Oh, yeah, definitely want to up those relays.
Starting point is 00:23:40 Let me see. We're building that, trying to build out the simply as well. And I think Chris is working on that. And this has me excited. I've been kind of, because I use Apple. I had a Damos, have the Damos app, and just it turned me off for a while. But now that I know I can, you know, sidestep it, this is going to get me back in there and a lot more excited about it. Yeah, man.
Starting point is 00:24:02 Yeah, you got to give it a try. And just the joy of posting this and knowing that you're actually doing this to Apple is great. I think it's fantastic. Actually, that should just be. Yeah, I was going to say. Just set your emoji. Yes. Yes. That is so epic.
Starting point is 00:24:21 I love it. It's just so Bitcoin's punk rock and that's just another example of it. It's just beautiful. Yeah. Everybody in the chat, drop your end pubs and start following people if you're on Noster. Start dropping your NPUBs in there or if you've got like a Noster address that you use, drop it in there so that people can start copy-paste in following each other. Anyways, I'm going to end my topic there.
Starting point is 00:24:53 Love to see this kind of route around just, you know, it's the, it's the age-old meme of like the government banning, you know, Bitcoin or Noster or whatever. And it's like the fence that's like just on the sidewalk and then you can just walk on the grass around it. This is a perfect example of it. Builders, congratulations. Keep building all of these solutions. I love it. But with that, we're going to do rotation. Everybody in the chat, of course, hit that like, give this a share. And yeah, drop in your NPUBs and your nostril addresses and start following each other.
Starting point is 00:25:30 And I'm going to toss it to Rick, man. And I'm going to queue you up with the question of the evening, as always, why are you bullish? I'm fucking bullish on builders. And yours alone is one of like the things that is like why like builders in bitcoin they don't give a fuck there are no rules for any of us if there's something that gets in the way we say fuck you to the man fuck you to the system and we just build it and get around any avenue there's no way of stopping us that's my favorite part no matter what uh green piece and all that crap saying we're boiling oceans i don't give a shit i'll burn all the i'll boil all the oceans i'll make space heaters for anything it doesn't matter and you have other people that are building heating for homes like plebians work
Starting point is 00:26:13 working on his own little thing on a single board. I mean, that's my favorite part about the space and the only thing that I really care about. I've tried to clear my feet of all the crap and bullshit because I only wanna follow the builders because there's so much good information out there and not noise. And that is literally why I'm so bullish in the space.
Starting point is 00:26:31 Because if we didn't have Bitcoin, I don't know, I'd be depressed as shit. So watching the builders get around everything that is stopping like people from succeeding in life and the Fiat Ponzi is my, favorite thing ever and seriously builders are why i'm bullish and it's simple as that i i love it i mean you're you're a great example like i saw your post the other day it was like an anniversary of you having a ditched your fiat job or something something along those lines how long have you been
Starting point is 00:27:03 just doing cloaks for two years now holy it feels like forever wow that's why i love it man like i want more people to do that so whenever i get dms i'm like yes here's how to set up a website get btc pay run your own shit like it'll take time to build so i have no problem trying to guide people into starting their own businesses because i love to see it i don't care about me at all i want other people to succeed as much as i am because it's freaking sweet like builders we need more there's not enough in bitcoin we're still super early yeah yeah i don't know do you do you gents want to dive in uh comments questions rabbit holes you want to go down in regards to builders? I don't know how much we could do better than Rick and that fire right there.
Starting point is 00:27:48 Dude, you just straight brought the hammer. But again... I just get pissed, man. Like builders, man. We just fucking change everything. We want more. We want more. No, man, every walled garden will come crumbling down.
Starting point is 00:27:59 That's what Bitcoin does. That's what you guys do. That's what Ben, when he's teaching and wicked when he's teaching. And he's creating these illustrations and people see Bitcoin in action. And then now they understand. And then now they understand the technology. So they take self-ownership and they want to take pride in that. And that's where they go to crypto cloaks.
Starting point is 00:28:17 And then they get that, you know, personalized feel in that, that fuck the system. It just, it's beautiful. It's beautiful. I love that. It's, it's awesome. Yeah, it's, um, I, I, I think in particular to the people like, Rick, you see, you you said the builders through the bear market as well. And, and, you know, it's, it's.
Starting point is 00:28:41 Bear markets can be rough, right? And so I think I think Bitcoiners that that build businesses and products and things that can survive that those type of trials, like it hardens them and makes them better at their craft, right? 100%. That's why I love watch. That's why I always preach. Build during bear markets. This is the best time you can. Yeah. Because if you can make it in a bear, you can make it anytime you want. Yeah, 100%. It's, it's, um, again like it it it gets rid of the grift and another person that I think is um he he tends to hit the nail on the head when it comes to this this topic is um is is is made ex uh awesome artists and and he talks a lot about um bitcoiners building products and services and stuff like that and and how it's not like Fiat land where you can build some trinkety bullshit and then toss it out there and have people just continuing to buy your stuff because people are spending sats. They're not
Starting point is 00:29:54 spending dollars on your stuff. They're spending sats. And that comes with a whole different mentality because you're actually trying to decipher if your purchase was worth it. And so I think a quote from Madex, and I'm paraphrasing here, but he's like, if you're for for a while, you might be able to get by by just slapping a Bitcoin logo on something and shipping some shitty product and like you make a few sales. But like when it comes down to it in a Bitcoin economy, when you make a shitty product and you try to appeal to Bitcoiners, you're not going to retain customers beyond the initial sale because they will move on to somebody that does it better with a product that lasts longer and gives them more value for their stats.
Starting point is 00:30:41 a thousand percent yeah yeah wicked i'm curious your thoughts here too i think i think bitcoiners also sharpen each other so you know if we're trying to make a good product you know we'll really shape each other and and help each other make an even better one right like you kind of you go through this trial especially during fair markets where you're just trying to iterate and make things better and better and you kind of know also that especially during bearer markets things are more expensive in terms of sets right so you got to work even hard during those times to make better shit. And so I don't know.
Starting point is 00:31:16 I mean, you know, all around agree with everything everyone said. And yeah, man, I love Bitcoin. I mean, I think it just, it makes us, it makes us just so much fucking better as people and as, you know, productive people. And I don't know. I wouldn't. I wouldn't, I wouldn't, I wouldn't be making the shit I'm making if it wasn't for Bitcoin. I wouldn't be where I am. I know probably the same for the rest of you guys too.
Starting point is 00:31:39 So I'm just really happy to be here. Absolutely. Bitcoin's make humans better. That's the best part about it. Yeah, Apple's too. I got to, okay, speaking of quality shit being made, and one of my favorite, can I say rises to notoriety through the bear market. And it's one that I initially scoffed at, but I got to say, I fucking love these guys. is they're like the sweetest family i've ever met and they're so they're so nice and and they make
Starting point is 00:32:19 great shit and i got to give a shout out because i noticed this comment from narwhal tacos in the in the in the chat here and you said i got some man panties for bitcoin the other day definitely nice quality so let me those that are like what is happening what am i watching right now get those man panties. Let me preface this by saying, so the company is called panties for Bitcoin. And they basically were making like women's, you know, like underwear and bras and stuff like that. And it seemed, it was funny because obviously you, you hear the name and it's, it sounds so much like grift. Right. That's my favorite part. And they're the sweetest fucking family on the planet. Like, Pablo is a G. Oh, yeah. Yeah. They're all amazing.
Starting point is 00:33:08 They're incredible people. And then when you actually talk to them, like, it is funny to have panties for Bitcoin on, on like a set of underwear or on a bra. But then you actually, like, you go and you're like, oh, like, this is actually, you know, it's, I don't know. And I was never a connoisseur of like, of like quality undergarments before. But like, you go and you're like, oh, that actually feels like pretty good quality. and they were nice enough.
Starting point is 00:33:37 They gave me some stuff to bring home to my wife. And she was like, what the fuck is this? And then she put it on and she was like, this is the comfiest shit I've ever worn in my entire life. And she'd like loved everything about it. And now she's got like, you know,
Starting point is 00:33:54 all of all. She's got so many pairs and she loves it. And then they, so a bunch of guys were like, well, I want a pair of like super comfy boxers. Yeah. They finally made some like,
Starting point is 00:34:06 men's boxers. And the reason I pulled up this comment from Norval Tacos is because I literally got my P4Bs on right now. And they are the comfiest goddamn things I've ever had. And they're awesome. Keep those boys supported. Yeah. And the gentlemen that are concerned about having panties like written, they've abbreviated
Starting point is 00:34:34 just P4B. So you can. Much more manly. You can still. Way more madly. Yeah. But again, I just, I got to give a shout out to them because like it won, it's ballsy to come out and create a product called panties for Bitcoin.
Starting point is 00:34:51 A thousand percent it was. It was at first when I first saw that company, go, what the fuck is this? Yeah. Dude, Bitcoin Simmer nailed it. Bullish balls. Here we go. One, it's ballsy to make that. But two, it's, it's equally.
Starting point is 00:35:06 Balsey to put actual effort into making a solid product behind it. And I think that's kind of what makes it work is because it seems so much like a grift. And then you're like, actually, this is probably how Bitcoiners would make underwear because it is because they're Bitcoiners and they made underwear. And like, what more do you say? It's just so funny to me. Of course it's going to be superior.
Starting point is 00:35:36 Yes, that needs to be the default response whenever Bitcoiners make something good that's not directly Bitcoin related. Of course it's going to be superior. It's made by Bitcoiners. You know, you know, it's fucking crazy is you could literally be, you know, someone who makes anything. And if you become a Bitcoiner and you're really good at making the thing you make, like, it automatically becomes better. Like, I don't know. It's just, it's fucking so crazy how like, like, you could fucking make shoes. And then if the really nice fucking shoes and you're a Bitcoin, then all of a sudden, like, you're the...
Starting point is 00:36:11 Dude, it'll have like revolutionary technology. I don't know, man. Didn't the guy? Didn't they make shoes are you in stack sets or something like that in their thing? I've seen some Bitcoin shoes that are kind of like cheesy, right? Like those, I don't know. Those aren't what I'm talking about. But like, you know, some nice quality shoes.
Starting point is 00:36:30 We need a Bitcoin. And then... Maxes go hard, right? Here to peer just, I mean, Maxes go hard. What do you mean? mean maxes. What are those? Bright orange like,
Starting point is 00:36:41 what are they, Nike Air Maxes or something? Get them a bright orange. But I just can't, I can't wait till there's literally a Bitcoin or making everything. Yeah,
Starting point is 00:36:50 there will be. And then that's all you need. I mean, you know, then a circular economy, you get anything you need. It's the best of quality. And that's how,
Starting point is 00:36:58 that's how the world is in place. That's literally fucking it, dude. And that's like a whole other ankle because, again, like, I love the idea.
Starting point is 00:37:06 of these circular economies where you can go and like you know i i currently live on bitcoin i'm not saying i don't jump through fucking hoops to do so but yeah you do yes i do uh but you know like having those circular economies is important but like when when you can when you can live on bitcoin it incentivizes you to spend less than you learn than you earn and then your savings are in a a money that can't be debased. And so you become better and better off. And so you start building these communities where naturally the communities that are on a Bitcoin standard are going to become more financially free.
Starting point is 00:37:48 But Wicker, what you said is a whole other aspect of it is not only are the Bitcoiners and their communities and their circular economy is going to become more financially free, but they're also going to have all the best shit, right? They're all going to have all the best stuff. And everybody's going to be like, why do I have no money? My savings aren't worth shit. And all of my stuff is falling apart constantly because their entire lives are fiat. Right?
Starting point is 00:38:18 We got all the best shit. And there's nothing you can do to stop us from buying it. Let's go. That needs to be somebody. You need to tweet that out. We got all the best stuff and there's nothing you can do it to stop. for buying and selling it, from buying and selling it, just from trading, trading for it. Yeah.
Starting point is 00:38:37 I mean, it's a beautiful world and it's getting more and more beautiful with each. I love it, man. The Bitcoin circular economy is like bartering all back. I love it. Yeah. Oh, great. Awesome. All right.
Starting point is 00:38:53 Well, gents, I think I'm going to put a bow on this topic here. Rick, you're 100% right. the people that have built throughout and survived at the bear market and are here to, you know, you're going to have some noise to deal with through the next bull run, right? There's going to be all. Oh, yeah, always comes back. Here we go again. Yeah.
Starting point is 00:39:17 But, hey, next bear market, we'll be kicking it here and we'll see who survives again. And we'll get stronger for it. So I love it. And I can't wait to do another four-year rip with all you guys. I think it'll be great. Hell yeah. Yeah, yeah, yeah. So with that, we're going to do another rotation.
Starting point is 00:39:44 Shout out everybody in the chat. By the way, Rick, Yellow wants to tell you to stop sniffing your plastics. I already told a long day. I'm running like carbon filters. everything down in this room. I'm not sniffing any plastics. I'm safe. Don't worry. But yeah, we're going to do a rotation here. Everybody in the chat, of course, smash that like button. Give this a share on whatever socials you may be on. It really does help. And again, drop those N-pubs or those Noster links so that we can all make sure we're
Starting point is 00:40:18 following each other on the social media layer of freedom. And yeah, let's keep this thing Roland Rustin, I am going to you. I'm queuing you up again with the same question we all get. Why are you bullish, my friend? Man, there's so many reasons. I do have a screen if you're able to share, Ben. It's coming. We can throw that bad boy up. But let's get it started. I may be careful with saying someone's certain name. So I think we all saw this the other day. I mean, five questions for 10,000 Bitcoin. Yeah, 12 years. And I love how Max Kaiser said, dude, the hell you have all the those those papers on your desk or a prop how are you reporting news and
Starting point is 00:41:02 not talking about bitcoin like do you even read those papers it's been 12 years it's the same news and that is it like what i was it really connected too was something ben was saying and what wicked was saying like how valuable is just blackpilling society like that's all alice hones has been doing for a long time right he just blackpills people so you you see what's wrong you get all these problems, but you have no solutions. And you feel completely powerless. And how many people feel that way all throughout? But I love that Kaiser came on.
Starting point is 00:41:36 He did that. But he also had some very good orange pill moments, which would be good. I'm sure a lot of his listeners are anti-state and Bitcoin-type people. So that would be good, kind of bridging a gap there. But the world is a very dark, sad place, especially today with different things. we see when you don't have that that bright orange future in front of you to look at like okay so a bunch of like crazy people rule the world they're going to make us all CBDC slaves okay great so should I just go crawl in a cave or something like all right so now we have the solution and that's
Starting point is 00:42:15 that's why I'm bullish all of these things that these people and different people bring up Bitcoin is a solution to it like if you're talking about liberty you're not talking about Bitcoin you're a LARP. You're talking about freedom. You're not talking about Bitcoin. You're a LARP. You're not talking about you're talking about Bitcoin. You're a LARP. You're talking about diminishing the power of the state and increasing the power of the individual and not talking about Bitcoin. You're a LARP. So I think this message is really starting to get around that, you know, there's Bitcoin, there's everything else. There is the one true safe haven. And there was also some bullish news, Jury and Timmer, who is the head of global macro at Fidelity.
Starting point is 00:42:55 had some very bullish bets. He said that Bitcoin is exponential gold. And when he goes in to break this down, he had some very good charts. But there was one, I don't know if I have that one with me here, but this one is where he goes in, you know,
Starting point is 00:43:12 the typical projections of what could happen based on trends. But we are seeing so much bullish development and sentiment from all these people, these naysayers, these doubters, but they're all coming around. Why is that? Because they have to preserve themselves. If they don't come around to Bitcoin, they're going to lose flat out.
Starting point is 00:43:32 And no matter what institution, and then other institutions have to get in. Why? Because if they don't, they lose. And others are. And this is Bitcoin's game theory in action. I just love to see it. Everyone will have to adopt Bitcoin. Some did so by choice.
Starting point is 00:43:49 Others in the future are not going to be able to. And it brings us to that other point we were talking about kind of before the show. thou who shall F at the round shall find out and going back to FDX and you know all these people didn't we have Kevin O'Leary it was a year ago. It was like after the debacle he said
Starting point is 00:44:05 yeah yeah I'd I'd re-fire up FTCX I'd fund SBF and all these things so what are these people about me I just I just love Bitcoin is everywhere it and everyone now is at a point where they can't deny it
Starting point is 00:44:22 and it is building this perfect storm from the debt spiral, macro calamity, geopolitical tension. But with all of this going on, what's Bitcoin done since November? It's up about 100%. So plenty of reasons to be bullish. And it will be Bitcoin, be in the safe haven as Fiat world deteriorates. I love it, man. I love the, you're so right about, I mean, this, this, this, this, this,
Starting point is 00:44:54 fiat news cycle of of just drumming up rage right it's all all it is is getting a megaphone and screaming about the problems without offering up a solution and it's it's day and and day out and and you see it from whatever side of the political spectrum you're on it doesn't matter if if you've got CNN or Fox News you know on a rotation 24-7 in in in in in the background or or if you're watching like yeah it's a 24 seven doom loop right yeah doom and gloom that's what they need yeah and i like i personally know friends that have especially over the past couple years you stuck in their homes and they they got they they just got stuck on on this constant stream of the world is ending and there's nothing you can do about it
Starting point is 00:45:54 but you should be angry. And they had nothing else. And it's again, yeah, vote harder. Yeah. Yeah, exactly.
Starting point is 00:46:01 This is the most important election of our lifetimes. Is it or is it just like it's not. It doesn't fucking matter anymore. Yeah. It doesn't matter, man. The only thing that gives me hope is Bitcoin at this point or else the world would fall apart. And I'm glad we have Bitcoin because I can look forward to future and kids futures and
Starting point is 00:46:21 everything like that. That's the best part about it. Yeah. We all get to, again, like the relationships that you're able to forge when you have this kind of, it's so unique that any of us can effectively, and this goes for any Bitcoiner, can effectively waltz into any town or city on Earth. And if you get a line on where the Bitcoiners are at, you've effectively found friends anywhere on the planet. That's an incredibly unique quality to have in a group of people where you've got a base understanding of at least some common ground where you can get on each other's level and say like, hey, we've got some similar values here somewhere. And we may differ in some way, shape, or form. But there's something here and we can forge a relationship around that.
Starting point is 00:47:13 And again, like traveling around and meeting people, it's been a stature. how quickly you can get on the same wavelength as somebody and how quickly, again, like, I think Jeff Booth says it a lot where you get to bypass like the small talk and you get, you get to like it expedites creating meaningful relationships with people. Dude, Ben, like you just hit on a big one like about let's say like you guys say until you did, you know, find Bitcoin in the community. How lonely was that? Or like even as like maybe just your thoughts, maybe your political thoughts.
Starting point is 00:47:50 thoughts isolated you or your thoughts on negative, whatever it may be. You felt kind of an isolated person in the world didn't make sense. Yeah. Yeah. Of course. That's what I love is Bitcoin brings back where people can disagree on certain things and you don't have to hate them because you have Bitcoin in common where like in normal you land right now, Fiat land, if you disagree on one thing, you automatically have to hate that person.
Starting point is 00:48:11 You have to choose a side, which is bullshit. Like I love the fact that Bitcoiners, they can disagree politically, but they still have something in common and can still talk about it. and still be friends. I love that it's bringing back what we used to have. Yeah. You made me think like George Washington, right? He had Hamilton and Jefferson in his cabinet. Those dudes freaking hated each other. They about like choked each other out every day. But they wanted freedom. That's the best part. He needed those to hear both sides to make a good decision because he knew he pieced something together from it, you know? And that is just doesn't exist.
Starting point is 00:48:45 Yeah. You're right. Well, let's freedom and Bitcoin person. Yeah. Yeah. I have a question. Do you think, do you think it's the you think it's the people that are like that they get attracted to bitcoin or do you think it's bitcoin that changes the people who find it i'd say probably both yeah a little bit of both right a little bit of both to be honest i guess i was do sorry you go rick and i'll go i was gonna say i was pretty doom and gloom for a while until i found bitcoin and then it's then it gave me hope for like the world in the future because you do get sucked into all that bullshit and i've been in here for like six years which is fucking nothing but i didn't really believe in anything and i had political
Starting point is 00:49:20 values that were probably completely wrong. And now I'm just like, you know what? No, fuck the system. They don't care about us at all. And once you go down that rabbit hole, everything changes for the best. And it really is like all my, you can kind of bring that back to your family and family values. And I don't know, everything, most things that the bitcoins talk about on family values,
Starting point is 00:49:41 nuclear family, stuff like that is, I mean, I align with that perfectly. And it's been nice to find more people like that. Yeah. I'm going to say on a personal note that my experience is that is that Bitcoin completely changed the way I thought about the world. You know, I was one of those polarized, you know, it's you must think this way or you must be the bad guy, right? Like it was the default like, you know, good team, bad team mentality that a lot of people
Starting point is 00:50:18 get in. And it doesn't matter what end of the political spectrum you're on. That's what you're fed. And so I fell into that hard. And I fell into that hard just as I was discovering Bitcoin. And a lot of the ethos and stuff like that was still, what I'll say about Bitcoin is it was clearly started with a few core tenants and values in mind, in and around like just like the first.
Starting point is 00:50:48 freedom of association and the freedom to transact with one as one sees fit and like respect for personal property and you know all of those types of things and and with that in mind and with those key tenants of like you know live your life as you see fit just don't infringe on anybody else's ability to do the same um i i think that that part of it is kind of baked in and the rest is kind of open to interpretation. But I think those key tenants, those really impact people. And as you understand Bitcoin, it shapes how you start to see other things. And so I've become, I mean, more or less as a verse as I can to people telling other people what to do.
Starting point is 00:51:40 and I now recognize that as such, whereas before I would have just thought, well, of course, this is how people should do it. And so you should just do it. And if you don't do that, then what are you thinking? Clearly, you're a bad person that is going to do something that's not in the best interests of the group. And you have this, you know, you're fed this collectivism BS. And Bitcoin completely changed that in me. And I think that it was a recognition that humans have certain tendencies. And everybody is going to look out for themselves and their immediate family first.
Starting point is 00:52:23 And we need to recognize that that's just a reality of being human. If it's between my family and somebody on the other side of the globe that I've never met, then clearly I'm going to, the incentives tell me that I need to protect the people that are closest to me first. 90 to do things that will help them and make them have better lives. And so if we can recognize our natural tendency to do that and we can remove, we can remove incentive systems that allow us to exploit that system and make the world, you know, siphon wealth to enrich us and the people that we love at the expense of others because people will naturally do that if they have the ability.
Starting point is 00:53:05 if we have a system that is kind of from a base layer fair and equal opportunity in terms of if you work for it, you can achieve it. That's the best that we can do, right? Is give people the opportunity to work and benefit if they are doing something that people find value in. And it completely shifted my mentality of like, well, of course, like, we just need to like take things away from people that have. worked hard and give it to people that have nothing, not realizing that the incentives in doing so will promote people to do nothing and on both ends of the spectrum. If you're on the receiving end of somebody who's worked hard and had their money taken from them and given to you, you're incentivized not to work anymore. If you're on the losing end of you've worked hard and somebody
Starting point is 00:54:00 took your money away and give it to somebody else who did nothing, you're incentivized not to do anything. It incentivizes everybody to do nothing when you steal from people that do something. Yes. Welcome to collectivist utopia. Freak and preach. Yeah. It's like it's that it changed the fundamental way that my brain works getting into Bitcoin. I've never thought and it's just the rabbit holes that you go down of like, you know, the one book on my shelf right now, what is it, economics and one lesson by by Henry Haslin. Henry Haslin.
Starting point is 00:54:37 Yeah. It's a short read. It's literally one lesson told in however many different ways over and over. And it just pounds the point into your brain that there is no fucking free lunch and everything that you do has a consequence. And you need to look beyond the surface level effects of what you're doing. That's it. I love it.
Starting point is 00:54:57 That's true. We need horns. Where's Opti with the horns? Like get him going here. That was awesome. Good job, man. He's got him. I was wondering, too, is there an effect of Bitcoin and like, you're, you feel more likely to call out wrong when you see it?
Starting point is 00:55:14 I think you're better at calling out bullshit. Because you're just like, nah, grifters or whatever. Like, we call scammers so easily now because we know, I don't know, our values change. Why is it that those people are liked by the Normie world? Like, why does Kevin O'Leary got a show? Like, this is nuts. Because, because the Normie's one of the normies won't. free lunch. And it all comes back to that. That's why.
Starting point is 00:55:39 Also, Normies, Normies are taught that they must rely on, on the state to give them enough to survive, right? That's the problem. Or that, or that even if you're making enough to survive that there's people out there that that will always need, like, like, it's almost as if philanthropy won't exist if the state wasn't there. Which couldn't be further from the truth. We'll build the roads. I don't know. Every fucking person on the planet. Typically, the people preaching philanthropy are exactly the opposite. I think we know how that works out.
Starting point is 00:56:18 Yeah. But I've got to say, like, I am, I've given more away since having, like, a degree of success than I ever have previously. Right. Like, I think have, you know, like, especially on the scale of like, just like donating to things that I think are worthwhile, like supporting people that are building things and like even like guys are fun and stuff like that going on. Oh, I love this project that's happening. Oh, you know, toss over some stats here or just random people that you come across. Like I could make a difference in this person's day by doing the following nice thing for them and giving them something. You're much more likely to do that when you've been able to build and accumulate.
Starting point is 00:57:08 And just because you have gotten to a point where you're comfortable doesn't mean that that is hurting everybody else. I think the absolute inverse, you're more likely to help more people if you've been successful. 100%. Couldn't agree more. Yeah. 100%. Yeah. Just be wary of people associated with.
Starting point is 00:57:31 big tech companies like the people who make xbox talking about their philanthropic endeavors that's that's true you know all they they like philanthropy through coercion though that's the difference and they'll love to brag about it make sure everybody knows about where they're donating yes where where bitcoiners are different if you donate it doesn't matter like you just donate because you truly love what that person's building and you don't need to be like praised you do it because you feel good and like you want to support them building something like when you say tuck frudeau and it doesn't even have to be it doesn't have to be value it doesn't have to be sets it can be time exactly you can donate your time right and sometimes your time is actually
Starting point is 00:58:15 worth more than the sets so i mean i know like btc sessions you donate tons of time to helping out plebs right i think the the videos you made when you first started i'm sure you get monetized them now I'll try to get to that level. But when you first started, they weren't monetized, I'm sure. Right? You're just doing it out of... I would like to see if anyone else is more directly responsible for people taking cold storage. Exactly.
Starting point is 00:58:39 Right. True. I will say that I did four years of free shit. People don't understand that. I love that, man. People building it usually takes two or three years to make any money. Yeah. It's, you know, and it's, it's, you know, and it's, um, you know,
Starting point is 00:58:57 know and and everybody goes through that that period of of i'm going to you know it's proof of work right like people people put in the work and and it's not that it doesn't continue afterwards it's not that you don't continue giving your time you still like yeah okay so obviously like i have i have sponsors on the show but i i make a point that no matter what like a lot of people have been like why don't you just fucking paywall that shit and and and make a course and pull all your stuff off YouTube and then you just directly monetize. Well, no. Because I think, like for me, I think it's super important that every single person has resources
Starting point is 00:59:40 so that they can always learn the tools for free. And like, yeah, I can monetize in various ways. I can have people like do one-on-ones or do workshops or whatever. But like at the core, I want people to be able to just like click a video and, and, And hey, if any of you watching are like, I fucking hate sponsors, great. There's a little slider at the bottom. And if you skip ahead about two minutes, you're into the hour and a half long fucking Lord of the Rings tutorial, like immediately after that first two minutes. So you can scrub.
Starting point is 01:00:15 And then you've got all the free content you need. So, yeah, I don't know. I don't know, man. It's, it's, I, I'm, I'm super bullish on, on that, that proof of work that people are putting in. And Wicked, you are one of those. And there's, you know, there's some other awesome educators. There's a dude named Cole.
Starting point is 01:00:37 Yeah, that guy's awesome. Yeah, out of South Africa. He's doing awesome stuff. There's a bunch. Even like, I got to give a shout out to, Julian, kinetic finance. and he does these shorts, right? Like he does a lot of like TikTok, Instagram type stuff,
Starting point is 01:00:56 but he's doing awesome, awesome stuff. And then he also makes long form, like actual documentaries. And he's doing one in Peru coming up. Is that Linger or Julian Linger? No, it's Julian Figaroa, I believe. Oh, okay. Yeah, but he's super awesome.
Starting point is 01:01:17 and he actually I'm going to use this time for a second. I'm going to I'm going to shill him again. I've been doing it a few times this week, but I think it's worth it. Anyways, he's on Geiser Fund and he's doing a documentary. He's flying down to Peru. He's doing some filming. And he's basically documenting what's going on in Peru with like this, this Bitcoin group called Motiv, I think they're called.
Starting point is 01:01:47 They're a nonprofit that's using Bitcoin for financial sovereignty. And there's a lot of interesting shit going on there is what I'm getting at. Anyways, he makes incredible films and he's on Geyser Fund. And he's got a couple milestones here, but he's almost up to milestone one. He needs 10 million sats to cover the cost of filming, which is basically getting him to Peru. Let's go. And so like, and the other day, that was at four. So, you know, people have been dropping sats.
Starting point is 01:02:18 So go do it. Go to Geiser Fund. Look for Peru's Bitcoin Revolution. And, yeah, so he's 10 million sats to cover the filming. And I think he's really close to his secondary goal. Like, I think a total of a total of about 20 million sats for all the posts, like in total for the entire film, basically. go down there, film, get back,
Starting point is 01:02:46 all the post-production and all the shit he needs to do. So anyways, I think this is worth it. I love everything he's done. If you're unsure and you don't believe me, go watch his Guatemala Bitcoin Lake documentary. Yes. It's just frigging incredible. The quality of his filming and his production is,
Starting point is 01:03:06 like, he's one of the best filmmakers in the Bitcoin space. And I put him up there with Mac. Max DeMarco and Max is awesome and and Bitcoin Shooter is another awesome. Oh, love Bitcoin Shooter. Yeah. So these three dudes are just making awesome stuff and you have any, any opportunity to support any of them, then go do it. Go jump on Geyser Fund. Couldn't agree more. Do it.
Starting point is 01:03:39 He's building cool shit. Yeah. Those are awesome. And those are going to be timeless, you know. evergreen material year after year that's going to help orange pill tons of people we got to we got to help them and again central and south america are just perfect breeding ground for bitcoin to really take shape and hold and we we see it growing and now what isn't uh milays uh contender talking about mining uh bitcoin with excess yeah be be wary of the status to try to use bitcoin to
Starting point is 01:04:11 Yeah. Yeah. It's, yeah. Again, I love that these are all going to become historical documentaries. It's going to be like, these were the early days of building, you know, Bitcoin as the backbone of the world economy. And it's going to be Julian jet setting down to Peru to see what the fuck's going on. I think that's the craziest part is we're so freaking early. Yeah. We don't even like when we're at 50, 60, 70s sitting and watching TV. We probably won't be watching TV, but just looking back and going, look at what happened and what we were a part of and what was like all being built. It's going to be pretty nuts. I'm jacked. I don't want to get old that fast, but I mean, I'm pretty excited to just look at the past and see where the hell Bitcoin was built from, man. I really have. I love it.
Starting point is 01:05:01 I saw somebody just drop 10,000 sats on the on the dog. So thanks, buddy. That's awesome. Legend. I love it. All right. So guys, I want to do another rotation here, and I want to get to Wicked. Rick, I know that you're on a timeline, so just let me know if you need to.
Starting point is 01:05:18 I'll stay for Wicked. I already told the wife I'll be here for another 10 minutes. Okay, cool. All right. I don't want to be rude. I won't leave with Wicked. Awesome. Okay.
Starting point is 01:05:29 So Wicked, I'm going to cue it up to you. Same thing. Before we do that, everybody in the chat, again, thank you for being here. Keep those messages coming. Smash that like button. give this a share on whatever socials. I also said in the chat, you're going to have to scroll a little bit to find it,
Starting point is 01:05:43 but I said if you find my tweet where I shared up the show, if you retweet it and then you reply to it with your lightning address, I'm going to pick a random person at the end of the show and send 10,000 sats. Ditto for the note on Noster. So if you give it a boost
Starting point is 01:05:58 and then you reply to it with your lightning address, I'm going to send 10,000 stats to a couple plebs. So yeah, go do your searching and sharing and uh and let's get this thing rolling anyways wicket uh i've held you up for too long my friend i'm gonna toss it to you and cue you up why are you bullish all right man i'm gonna try to share my screen i don't know how this is gonna go yeah yeah share it and then i'll be able to uh bring it up for you all right oh shit hold on asking me to like it's asking me to fucking uh never mind okay do you want yeah yeah i sent it in the in the chat yeah i sent it in the chat
Starting point is 01:06:37 Here, I'll send another one too because I wanted to hit one more. So here, real quick. We just put it in the private chat on the browser. Yeah, there's a private chat on the browser. I just said yo into it. Right at the bottom. Okay. And if you send a narrow green up online.
Starting point is 01:06:55 Hmm. Here, I'm going to send it in the Twitter chat we were in. Yeah, right here. Oh, I see it. Technical difficulties. Okay. send that the share that blue one if you don't mind all right i'm going to get it i just got to get it on the right screen this is this is uh in action here we're we're we're making it happen
Starting point is 01:07:17 do it live yeah do it fuck it all right okay i think i think we're cute up let me just get my screen up and then we'll be good okay uno dos trades and twitter for life old man bills Boom. Okay, which one? This one? The blue one. The blue one first. Let's do the blue one.
Starting point is 01:07:41 There we go. All right. So this is a chart showing the mine supply on the left in that nice little pie chart. And each of those segments are delineated. Those are the different epochs. Right. So the first one is the darkest one. You mine half the Bitcoin.
Starting point is 01:07:59 The second one is that slightly darker one? You mine a quarter and so on and so forth. So we hit a major milestone. And we just mined 93% of all the Bitcoin. So there's only 7% left. I think that's pretty fucking bullish, right? I mean, we're talking about how early we are. And yet there's just not very much Bitcoin left for the rest of the people who haven't quite gotten it yet.
Starting point is 01:08:24 Now, of course, this Bitcoin is, you know, practically infinitely divisible. So there's plenty to go around in terms of Satoshi's. But in terms of the, you know, sheer number of Bitcoin. left less than 1.5 million left to be mined. So you think of all those new participants and all the, all the people who haven't quite found it yet coming in over the next year or two, next cycle or two. I mean,
Starting point is 01:08:48 I don't think we've fully realized what absolute scarcity means yet. Right. We have this idea of it, but we haven't actually understood what it really means. And looking at this chart, it just kind of puts that into perspective, right? You see that tiny little sliver left. And like, that's all we got left to mind over the next, you know, 120 years.
Starting point is 01:09:11 It's just crazy. It's crazy. So the one thing that stands out to me here, too, is, is like block subsidy 6.25. That's dropping soon. 3.1.125. 125.3.125. And it's going to, I think it's really going to get hit home when. When miners aren't even awarded a full Bitcoin for a block subsidy, for, for, for, you know, mining a block.
Starting point is 01:09:45 Yeah. Like I think, I mean, and there's, there's people like right now, like the average person can't, you know, is going to have difficulty. Like the average, the average person living in the West, living in the United States or in Canada or, you know, Western Europe. they would have a hell of a time if they started now on just their disposable income trying to obtain a single Bitcoin, right? Like that's already out of reach for so many people. And look at the block subsidy right now. Like that 6.25 Bitcoin is totally out of reach for your average person. It was totally in reach, you know, in 20 years.
Starting point is 01:10:26 Maybe last epoch, right? Yeah, last epoch would have been totally possible for somebody to pick up six people. Bitcoin when it was like a thousand bucks each or even like that was that was that was two epochs ago but yeah yeah but like you you you jump back to say 20 2015 there's a period where where Bitcoin dropped down to like under 300 bucks yeah right right it just keeps getting scarcer and scarcer man it's it's just such a crazy fucking money so so wicked what happens when uh so we got that getting scarcer, but also less sell pressure for miners. What's that effect? What do you mean less sell pressure? What do you mean by that? So since you have less available coming online,
Starting point is 01:11:15 doesn't that incentivize them to start hoddling for the long term? Or you'd think so, but I mean, I think mining tends to be a pretty cutthroat industry. So I tend to treat all mined Bitcoin as basically Bitcoin that will inevitably reach the market. Conditional sell. Because Yeah, I think they have to sell most of what they mine in order to cover operational costs, but then also to continue to upgrade their hardware. Because if they don't upgrade constantly, like they have to upgrade every fucking year, every other year, if they don't keep upgrading their hardware, they, you know, they fall behind the pack. Yeah, if they don't add hash, they're losing, yeah.
Starting point is 01:11:53 Yep, yep. Yes, I mean, I think, you know, it's definitely, it's a crazy industry. And I'm not, I'm not in it or anything, but I follow it. And, you know, you just see, like, it's super cutthroat, man. You know, every single four years, tons fall out of the, out of the race. A few get added, you know, like they just keep getting better and better at mining more and more efficient. And yeah, I mean, one of the things that, so Ben, you were saying how it's going to be crazy when the subsidy drops below one Bitcoin. But one thing that I don't know.
Starting point is 01:12:30 I wonder is even when it drops below one Bitcoin, I mean, by then, adoption may have been enough such that transaction fees actually cover the rest. So I wonder if, I mean, maybe miners won't ever earn less than one Bitcoin on average in a block just because the fees will actually take over, right? I mean, these, okay, think about the wording here. This is a block subsidy, right? It's a subsidy. It subsidizes the block reward until we have enough adoption. Yeah. Okay. And eventually we have enough adoption because, I mean, you know, who can resist Bitcoin?
Starting point is 01:13:06 It was like, eventually it sucks in the whole world, you know. So we're going to get there. And then once we get there, then it's all just fees and it'll take over. So by the way, it drops below one in 2032. So I mean, by then, I mean, come on. That's like. That's so far away. Well, I mean, it's not that far away.
Starting point is 01:13:27 But it's also pretty far away. I mean, it's all good to see it. We'll do a show with the four of us when it happens. Two more havings, man. That's crazy. I don't want to interrupt here, but Rick has to jump. He's got family to attend to. Rick, thanks for being here, man.
Starting point is 01:13:43 I really appreciate it. And you're fucking killing it. I would just have one question for you before you jump. Wicked said he's not in the industry, but is he in the industry if he's keeping his office toasty warm? Absolutely. You're back in. 100% Rick, good to be again.
Starting point is 01:14:03 Thanks for having me, guys. Sorry, I got to bail early. But love what you guys are all bullish on. Seriously, keep it rolling. Awesome hanging, Rick. Yeah, then. See you guys later. Have a good one.
Starting point is 01:14:12 See ya. Anyways, Wicked. I'll let you continue here. There's a second screen. Do you want me to pull that one up too? Yeah, let's go to the second one. This one gets me really fucking bullish. All right, here we go.
Starting point is 01:14:25 Okay, so this one, this one's a little bit harder to interpret. So let me walk you through it, okay? So basically what we have here, the main thing that I want you to pay attention to is that orange line. Okay. And what that orange line indicates is what a DCAer's cost basis would be depending on how long they've been DCAing. So you see on the bottom on the X axis, you have the number of days that they've been DCAing. So you see there's 1,000 days, 2,000 days, 3,000 days, right? And then you basically see that the longer you DCA, as you would expect, typically the lower your cost basis gets. What makes me fucking crazy bullish about this is that every single DCA, no matter when they first started, is in profit.
Starting point is 01:15:12 That orange line is completely below the dotted line, the dotted white line, which is where we're at today. That's the price today. So every single one of us is in profit, right? You did it, you sick psychopaths. Yeah, dude, like honestly, all of us did it. And, and part of me was like part of me starting to think about this, right? So this happens. You know, we come out of a bear market because we've all been stacking through a bear
Starting point is 01:15:37 market, we've drastically dragged down our cost basis and we've got it down to this level that's, you know, pretty approachable, right? And then coming out of it pretty quickly, we all get in profit. Like, you know, we don't even have to get halfway back to the all-time high. We're all in profit already. Okay. I think what this does is it starts to generate a little buzz. All right. And you kind of feel it. You feel it building up. Everyone's like, holy shit. We fucking made it. All right. All the money that we've been that we've been saving in Bitcoin, it's all there. Right. We're no longer at a loss. We all have the same amount of purchasing power, if not more, than what we've put in there. Okay. We're all fucking richer. It was all not for nothing. And here we go. We're coming out. of it and then everyone in normie lands looking and then they're saying what the fuck's wrong with these people they're still down 50% why are they all happy and i've just reimbursed all their
Starting point is 01:16:33 bullishness oh yeah yep yep and dude and then this is where it starts like this is the new base so i mean i think that this is the indicator of when we come out of a bear market and i think we just fucking did it look how vertical it went too like it doesn't look that steep at the others maybe Maybe early on in that like... Early... Yeah, so this is the other thing that's really interesting about this chart. So I animated as well. So I have an animated version, which, you know, you can try to find in my posts.
Starting point is 01:17:06 If you go to my highlights in Twitter, I've got all my kind of main... You could just look at Michael Sailor's feed. He retweets them all the time. You know, sometimes, sometimes if I'm lucky. But one of the really interesting things about this when you animate it is you start to notice how time in the market beats timing the market. All right. So you see how when you look further out in terms of how long you've been DC-Hang, it always, the cost basis always gets lower and lower, right? Like kind of if you start at like kind of where that peak is, you know, where I mark 17 and a half, it's always going down.
Starting point is 01:17:41 Like it never actually, it never actually kind of like has like a bump where it reverses. It's always like a positive slope, right? And the reason why is because if you've been DC-Aing for a longer time than when we have a bull run, you're less affected by those higher prices, right? Because you have more purchases that were lower than, you know, the price that's new level and this new epoch. Whereas the people who, you know, maybe even if they started in the bear market, like, you know, like look at, look at around, you know, a little bit past 2000 where they started right at the very bottom, right? And let's say they started decaying it right at the bottom. They caught that bottom perfectly. They still have fewer purchases below.
Starting point is 01:18:23 the price were at now than the people who started at the very top. So the people who started at the very top have a lower cost basis than the people who started at the very bottom last cycle. Time in the market beats timing the market, man. This is it. That is so odd. Think about the clowns that sold at 15K. Oh, boy.
Starting point is 01:18:42 That pains my soul. But I appreciate those stats, though. I stacked a lot of them down there. Yeah. It's again, like it's, it's when you, when you start looking at the numbers and you start realizing just, just how insane, you know, like when you're sitting through a bear market, it's easy to forget how far things have come. And it's easy to forget that like, you know, sitting at 20K was like the most painful thing ever. But the celebration that was happening at the
Starting point is 01:19:19 end of 2017 or like even just like the recovery to like 10k and and and just reattaining 20k at the end of at the end of uh uh 20 20 which was so fast well i know two three months yeah from like eight to 21 it was wild dude that the 2017 10 to 20 happened in like two weeks geez it was like and i mean it started the year at one. So it was like the most ridiculous. And honestly, we got a little bit fucked this last one, clearly, because when you have somebody that is accepting billions of dollars and saying that you now own Bitcoin and not making a single purchase. No part. All re-hypothecated. Yeah. Yeah. Like just blatant fraud being like, yeah, you've just purchased Bitcoin. And instead, they've actually purchased.
Starting point is 01:20:18 Bahamas real estate. Like that has an effect on the price. And we definitely, we, that definitely had an effect on, on anybody that was expecting, um, you know,
Starting point is 01:20:31 a much bigger, uh, you know, a much more mania in 2021. Like it felt intense, but at the same time compared to 2017, it was fucking nothing. And I mean,
Starting point is 01:20:44 part of that was that, that billions of dollars wanted to buy Bitcoin and thought they did, but they didn't. I think that was part of it. The other thing is, I mean, look at 2017 or 2016 kind of leading into that bull run. I mean, it was a smooth fucking like kind of, you know, parabolic run, right? Where it just built one after another. It was a bigger jump the next time, bigger jump the next time. And it just kind of built on top of each other until it crescendoed.
Starting point is 01:21:14 Whereas with the more recent. one, it kind of just went straight up. Like, you know, if we're being honest, it just went from, I mean, I don't know if you guys remember, but it broke through 20. And then like two months ago, and then two months later, it was, it was fucking 60. Yeah. And then that was kind of it. But I remember sitting there, okay, so this is my story where I hope I can teach some people,
Starting point is 01:21:35 some of those listeners not to make the same mistake, okay? I hadn't been fully orange filled at that point. So I was still sitting there with a fucking, you know, pile of cash thinking, I'm going to wait till it pulls back to the, you know, 200 day moving average, because that's what it did during the last bull run, and I'm sure it's going to do it. And then that's where I'm going to, I'm going to pile this in. Plus, there's a CME gap down at 8,000, so it's probably going to fill. And I'm over here sitting like a fucking idiot with a pile of cash, and then it just fucking exposed straight up to 30, you know, and I see my, at the time, I was already measuring my,
Starting point is 01:22:11 my net worth in terms of Bitcoin, even though I had cash. And I saw my network. to just plummet in terms of Bitcoin, right? And then from that moment onwards, I was like, okay, I'm not playing these games anymore. I need to like, I need to secure the stats that I have, right? All the value that I have. I need to secure that value in terms of sets and not fuck around with all this bullshit anymore, whether it's, you know, alt coins or stocks or, you know, I was all into options at one point, got me wrecked a few times or Fiat.
Starting point is 01:22:43 It doesn't matter. Like any of these other things, you'll, notice, and it's especially apparent during bull runs, they become worth less Bitcoin. So, I mean, you just got to get rid of them, you know, while you still can, while they're still
Starting point is 01:22:58 worth anything at all, man. Yeah, it's it's and it's, it's so easy to get into that mentality of trying to accumulate more Bitcoin than you
Starting point is 01:23:14 would be capable of, if you were just doing something that you're good at and saving in Bitcoin, right, spending less than you earn. And a lot of people try to get really fucking cue with it. And it seems like, yeah, good luck swing trading to you guys out there. That's how I got wrecked at first. Good luck with you. There's no shortcuts. There's no shortcuts.
Starting point is 01:23:38 And everybody needs to learn that, right? Like, it's, it's, you know, the, the, the typical trajectory was always, well, for, for an extended period of time was like, oh, people are, like, first it was just get into Bitcoin. I think it's the bell curve. It's, oh, just buy Bitcoin. And like, at the beginning, great, you, you fucking made it. And then, and then people were super stoked. And then people assumed that just buying Bitcoin was no longer good enough and you got to buy alt coins and ICOs and whatever other. their trash is being marketed to you because you need the next Bitcoin so you can get enough
Starting point is 01:24:14 to actually having a meaningful amount of Bitcoin or like you're still in the Fiat mindset and you just want more dollars. And so you do that and you realize that you get you get wrecked. You get wiped out as soon as there's a bear market. And nobody's good at timing those things because as soon as there's pandemonium, people are like, oh, I'm going to buy this and it's 100x. And like they think they everybody's late to the party always. It's like technically out of the whole wave that that top to the beginning is like a five trading days thing. So good luck. Yeah.
Starting point is 01:24:46 Yeah. And so like people, you know, there was the just buy Bitcoin. Then there was the no, you got to buy shit coins so that you can get more Bitcoin or more fiat depending on what the wavelength you were currently on. And then and then the so people kind of learn that lesson. I think in and around 2017 with the ICO burst, right? where they're like, oh, then that's, to me, that was the true birth of, like, Bitcoin maximalism being like, holy shit, we're just getting fleeced here. Like, we would have been so much better just stacking stats.
Starting point is 01:25:18 People realized that in that market. But what wrecked a lot of people this last run was they understood Bitcoin only, but then everybody got cute with, like, leverage instruments and lending and all this stuff. Yeah. Like, they got the Bitcoin only part, but they didn't realize. realize what an actual risk was being taken by partaking in these other things. Like, again, like, you know, there's a quote, and I'm not going to attribute, like, I've, I've said it many times, but I swear I saw it somewhere else where, you know,
Starting point is 01:25:55 Fiat is, is the elites can print money. Crypto is everyone can print money. And Bitcoin is no one can print money. And so, like, that's, and it's a perfect, like, crypto is fiat on cocaine right it's literally like we're just going to print everything there's no measuring
Starting point is 01:26:16 degeneracy oh yeah yeah it's exactly it's like everybody's the Fed and the Fed is fucking high on Coke as hell so like that is what's happening in crypto and and so with Bitcoin like everybody's in this like the the Normies are in this
Starting point is 01:26:36 fiat mindset and then they come to this space where they're like oh it's decentralized and it's somehow better no it's if if you're if you're taking that like the buzzwords and you're you're you're taking those to heart you're you're not exiting fiat you're you're entering fiat squared blockchain red fucking flag right that's that's what you're doing you're entering like something that is is is is the square root of the thing you already hate is what you've just partook in. And so, like, it makes sense that in that learning trajectory, people go from fiat to crypto to Bitcoin only, but I'm still going to use fiat tools to try and maximize my gains or maximize my yield, right? And I think what a lot of
Starting point is 01:27:31 Bitcoiners that were Bitcoin only learned this last round was, you know, there are no shortcuts. The wicked you said it, there are no shortcuts. You can, if you manage to get more sats from one of those things, it was at the expense of somebody else. You're playing Fiat games and everybody else got screwed because of it. And more than likely, you're probably one of the people that actually got screwed, right? Like had you just been really good at something, had you just kept your head low, done proof of work, and actually built good habits, you would have more sats today. But this is, I mean, Bitcoin is a harsh but effective teacher.
Starting point is 01:28:16 And at the end of the day, if that happened to you this last cycle, I feel for you. But you're now better. You are better. You have leveled the fuck up from that pain. And you now know you just got to work hard. You got to create value. You got to do something that other people see value in. And they will give you your sats for the thing that you're doing.
Starting point is 01:28:38 Again, Rick from Cloaks, perfect example, he builds cool shit. It's totally worth it. Julian, who's making these documentaries, incredible. I'm going to toss him some stats for free so that he can make something amazing that I will enjoy one day. I have confidence that he will do that. you know panties for Bitcoin my nuts feel great right now you guys
Starting point is 01:29:01 I'm like have my stats like at the end of the day you know create value spend less than you than you earn and stack sats and save and sound money that can't be debased and support your sack with sets
Starting point is 01:29:18 let's go I love it I love it dude I again like what a where we've come from, where we've been, where we're going. It's, it's so exciting. And the numbers, again, Wicked,
Starting point is 01:29:33 you're so good at representing the numbers and having, having those awe-inspiring moments of like, holy shit. It's insane. Like, again, like you said, one thing, Wicked reverse engineers everything. He can turn anything on its head.
Starting point is 01:29:51 He does it to Alex all the time. Or he's so contrarian. and he sees these different, I love it, I love it. Wicked, when did you say that a block subsidy goes sub 1 Bitcoin? I think it's in 2032, right? Or wait, no, is it 2036? Might be 2036. Let's see, 2024, it's 3.
Starting point is 01:30:09 Whatever. Then 2028, it's one point. Yeah, so it's 2032. Yep. Okay, so everybody watching right now, if you're watching this show now, and by the time the block subsidy is sub, one Bitcoin you haven't stacked a Bitcoin.
Starting point is 01:30:29 I think that you have some you've got a mirror to look into. You got you got eight years but I mean you know what if you're just starting now like I you know I don't want to I don't want to make things so drastic because I mean things could get crazy man real quick like you know Bitcoin might be six seven figures before we fucking know it and then you know even after seven eight years of stacking you know that's a pretty hard goal to reach. And how much of an opportunity will there be post peaks now with a new floor of, well, the stackers are going to go, it doesn't matter.
Starting point is 01:31:05 But then you add in the interest that maybe Fidelity BlackRock have of trying to keep that floor a little higher. I don't know. Or what they would probably be happy to shake people out too. I don't know. So yeah, that's the thing. So they're going to generate most of their fees from them having more and more people in their product.
Starting point is 01:31:24 and they're going to have more and more people in their products if the price is running. And they're going to earn more fees with a higher price. So all of their incentives point towards them wanting to pump the price. I think they're going to market the shit out of Bitcoin as being the safe haven asset. And it's going to become like the, you know, five to 10 percent allocation that you see in everyone's, you know, safe portfolio. It's going to be, I think that's going to be the angle. I think that's, oh, sorry, Ben, go ahead.
Starting point is 01:31:53 I just wanted to do something really quick because this is so cool. Okay. Timechain calendar.com. So one of the things I like to look at a lot is, is sats per dollar. Because this gives the mentality of how many sats can I get for my fiat now. It's not how much fiat is my Bitcoin worth, right? It inverses the way we're used to thinking. And so I think everybody needs to get sats per dollar baked into their hands.
Starting point is 01:32:23 head. And as that number goes down, you're getting more fucked if you're still on a U.S. dollar denominated or fiat denominated paycheck. Dude, I'm going to drop this because- Don't remind me. You changed my ethos in this. So during a bear market, right, well, my dollar gets me more set. So technically, didn't we get a pay raise wicked for an extended bear market? Oh, man. I was fucking rolling in it during the bear market, dude. I hadn't had that level of earnings, right, sats per hour, you know, for a long time. I was getting kind of sad there for a bit at the top of the bull run. I'm not going to lie. It's wild. You get into this,
Starting point is 01:33:04 you realize that, I mean, when Bitcoin hits whatever the peak is in every, every market, when that, that blow off top happens and it becomes clear that you're in the bear market, all you need to do is go, what were the sats per dollar at the peak? and you know it's going to be back there at least at the very least it's going to be back there and so all you need to do is say i'm buying that many more sats for a single dollar right now that's what i'm doing and so one of the cool things about that's not what you're doing that's not what you're selling you're selling your dollars for sats is what you do yes that's true and some sucker is willing to pay more than dirty fee yet so the greatest
Starting point is 01:33:53 One of the cool things you can do on time chain calendar is there's this little magnifying glass. If you hit it, you can choose a date. And so I just, just for a second, you guys, I just want to go back in time. T.C. is a savage. Not even that far. Let's just go back to early 2020. And like, I think it was in and around March. We had that puke where it just, like, got destroyed.
Starting point is 01:34:16 I don't know what date it was. Was that the mining apocalypse? The China Pocalypse. No, that was like when shit was hitting the fan with it. With COVID and... Oh, okay. Yeah, February. February, March. So I'm just picking, I can't remember the dates on it,
Starting point is 01:34:31 but let's just say like March 2020. Let's see how many sats you would get for a U.S. dollar then. By the way, right now it's 28, whatever it is, 2,800 something. Yeah. So... Like, fucking... Yeah, 16,000 sats.
Starting point is 01:34:48 Back in my day. Yes, dang it. For a single U.S. dollar, 16,000. Sats in 2020. That was that was three and a half years ago early 2020. So like again like and that was what? 3K 6K. Yeah.
Starting point is 01:35:05 It was like collapsed to three. Yeah, that was that was that was 6K. So it still had like it still got cut in a half. So at some point you probably would have been able to get 30,000 stats for a dollar. Damn. Yes. Well, no, wait, wait, wait, wait. You're looking at that wrong. Wait, you said 16,000 right?
Starting point is 01:35:20 You're looking at the bottom number. Oh, sorry. Yeah, yeah. Yeah, but Bitcoin still had the price went down to 3K. It did at one point, yeah, at the very bottom. But yeah, dude, 16,000 cents per dollar. Yeah, you can't get 28. That was around the time I was just figuring out Bitcoin was going into another halving.
Starting point is 01:35:42 And I started getting super retarded and going down the rabbit hole. And it was all because, you know, the helicopter money started. And I was like, this goose is cooked. And, you know, it's not if or when, it's, it's not if, it's when. And then that's really when I was like, I got to figure out this Bitcoin. I got to. Ben, you're killing me. You're killing me, bro.
Starting point is 01:36:09 2015, a single U.S. dollar would pick you up 459. Oh, man. That's. I'll tell you what. This is, this is making me bearish. Barish on the doll. Like that holy shit guys that's what? Yeah.
Starting point is 01:36:29 And think how that wasn't that long ago. It gets away from you. It gets away from you fast. We're going to be looking back at this video and saying, yeah, I mean, these guys were, these fuckers were getting thousands of sats per dollar. And it's going to be. Yeah. Think how jealous we are. Ends or hundreds.
Starting point is 01:36:44 Yeah. Right. Yep. Just keep going. Right. I'm trying to hold on. My brain is having a hard time. with this i mean i guess bitcoin was 200 bucks that's yeah guys but this is this is the reason why this
Starting point is 01:37:01 so so this is this perfectly illustrates the reason why the cost basis thing matters right when you get exposure to those lower costs you know when you're when you're dc a you actually get a significantly larger amount of stats for your dollars so it pulls down your cost basis more so than you know when you buy the top So you get a kind of an overweighted, you know, effect of buying low. So whenever you can buy fucking low, man, you got to buy a low. Yeah. Because it actually draws it down more.
Starting point is 01:37:33 And if you were lucky enough to get in super low back in the day, I mean, that's why those guys are sitting pretty. Yeah. It's and again, like people are going to look back now and be like you could get, you could get like almost 3,000 sats for a dollar. What I don't even know what a dollar is. Yeah. Yeah. What's a dollar? Is that the thing that's blown around on the street outside?
Starting point is 01:37:54 Yeah, that weird paper that I always have to sweep up outside. Why more vibes are strong, man. It's wild, yeah. All right. Okay, so gentlemen, I'm going to start to round it out here. But there's a thing I like to do at the end of every episode. And that is to, number one, just get any final thoughts that you want to get off your chest. But number two is I like to get a recommendation from you guys.
Starting point is 01:38:22 guys, of something that you think that people watching might benefit from. And that recommendation could come in any form. It could be, hey, go check out a video or a podcast or an article that I read. Or maybe it's, hey, there's this cool app that I really like or there's a device that I particularly like. Or maybe you just had a personal experience and a bit of life advice that you'd like to bestow upon people. It could come in any form. So I'll start on that. And then you guys can have a second to kind of stew with it. But in terms of final thoughts, again, like, I think as we begin to see that those first hints of like, you know, we've seen some NGU lately, right? We've seen some number go up. And that's something that, you know, anybody that's been around and only the bear
Starting point is 01:39:12 market hasn't really got a whole lot of and it might feel a little bit nice. And for some of you, It's like, holy crap, it feels like forever because it has been. But as we kind of start to round out and move out of yet another bear market into what's sure to be another wild and crazy kind of bull run, you know, mostly from the perspective of there's going to be a lot of noise. There's going to be a ton of crap to navigate. But I think that it's nice to reminisce on and appreciate the bare markets for what they are because it's the highest signal. And so even just having these shows and being able to discuss interesting developments in Bitcoin and everything, the tone changes as the market changes. and people get excited about different things. And so I think it's important, number one,
Starting point is 01:40:20 from an opportunity perspective of the extreme opportunity of being able to save and sound money when everybody else thinks you're absolutely insane. And the ability to learn when nobody else is paying attention, those two things together are just such incredible opportunities and don't waste them. And as we come out of that, it's going to be wild and crazy. It's going to be a lot of fun.
Starting point is 01:40:50 It's, you know, the next couple of years are, you know, there's going to be a lot of celebrating, but there's also going to be a lot of grift and there's going to be a lot of, like, cringe things that happen. I, you know, clearly shit coins have not yet completely imploded. There's always going to be people that want to gamble and get rich, right? And so I think my final thought here is bear markets are an absolute gift. And the next time one happens, don't mourn it, love it, and enjoy it. Because Bitcoin, if you're listening to this now and you go through a bull run and then into the next bear market, I hope that you have built up habits that make your life better and that you learn and that you, again, create value, saving Bitcoin and spend less than you earn.
Starting point is 01:41:51 If you can do those three things, your life will continue to get better and better. Yeah. And then in terms of recommendations, all I'm going to say is if you're on Apple, Zappell pay, my friends. Zappell pay. Go get yourself a lightning wallet. Mutiny is awesome. I just did a tutorial on it this week.
Starting point is 01:42:13 So if you're unfamiliar, use that. And you'll be one self-custody lightning. And you'll be saying, fuck you to Apple. So go forth and zap, my friends. Go forth and zap. Rustin, I'm going to toss to you. Final thoughts, recommendations. What do you have?
Starting point is 01:42:30 Oh, man, that was great. I think some of the final. thoughts I have here is kind of going back into our talk. There's something very interesting about Bitcoin and it being honest and the effect it has on people. And then the effect it has on like all of us here individually, I know it's had big effects on us. Maybe I'll get a little personal. I haven't told this story. But thanks to Bitcoin, your boys, eight months, no alcohol here. And as we were talking about earlier, I was, I was a story for. Yeah, yeah. No, you guys are. Good. You're not allergic. Okay. That's fine. Marijuana is right. There's true. No, but this was epic. But there is something here. And I think it gets to, you know, there is the old fables of the root to all evil as money. Maybe it's not the money. Maybe it's the control system within the money. And Michael Saylor talks about all money is a control system. So why would you take part, if it is, why would I take part in a system that steals from me? Why would it take part in a system that
Starting point is 01:43:34 is bleeding me dry and stealing my future and our future families generations away. It's a clear and easy choice just to get Bitcoin. And when you were talking earlier, you made me think of Eric Ksson. You had it. You had Bitcoin and you lost it. You know, you 10x longed it and there you go.
Starting point is 01:43:52 And this is what happens. But isn't that powerful and that Bitcoin teaches that lesson? Like, that is so crazy to me to think about, John Valis maybe he's starting to seep in, you know, there is some power there. And there is something with people, you know, maybe they start to better themselves physically, mentally, spiritually, all these things connected once they get into Bitcoin because they have this faith and belief that they can be better and that their future can be better.
Starting point is 01:44:22 And they can make things better for their family and their community, right? And that is super powerful. And it's going to be amazing to see what this does to society in the future. Um, go in recommendations. I'm going to go first, you two and aunt are the three guys when I'm looking for knowledge on tech, anything related to Bitcoin. That's where I go. And you guys know, Ben, of course, you're tuning in. If you don't tune in to cafe and you get, uh, Wicked and Ant and Dom Bay and Greg Foss and all those guys every morning, it's a great way to start your morning. Uh, I love getting getting a little of that in before I get after my day as well. So I'm going to, I'm going to, I'm going to, I'm going to shield Cafe Bitcoin. They do great stuff over there and Wicked's on it like every day, sent in signal. That's a pretty good plug. I love it.
Starting point is 01:45:14 It is a great way to start a day. It's just, and we're so spoiled nowadays that like at any point you just jump on and people are talking of Bitcoin. I remember waiting like once a week for the one Bitcoin podcast that would come out. To like just hear like one other dude talk about how maybe I wasn't crazy. And now it's like, oh yeah, I can I can just, I can just dive in at any point. You were early. You were just waiting on the Andreas Santinopoulos latest drops. I was reading on Andreas and I was waiting on on the Bitcoin knowledge podcast of Trace Mare before he either shit coined or had a low key.
Starting point is 01:46:02 like I'm going to bow out on purpose moment. I don't know which it was either way. That was a great pod back in the day. Wicked, I'm going to toss it to you. Final thoughts, recommendations, your go. Yeah, man. I think, I mean, kind of building off of what you were saying, Ben, is things might get crazy. And I think you have to keep your eye on the goal.
Starting point is 01:46:28 So, you know, what Bitcoin is, is this magical money that works in part because it is decentralized. And one thing you have to remember as we're going through these monetization phases in hyper-bitcoinization is there's going to be forces at play trying to centralize the Bitcoin. They're going to try to capture it and try to get as much as they can, right? And that is an attack on Bitcoin. So you as an early adopter and as a pleb who's stacking, you know, and saving your wealth in Bitcoin, you have to be very weary of these dollar signs that are going to be flashing in front of you over the next few years.
Starting point is 01:47:14 Okay. It's going to be tempting. And, I mean, you know, you can treat yourself here and there. But like, you've got to hold on to your stats, all right? not only just for yourself and for the future of your family, but for the future of mankind, I think it's really important that each of us hold a little piece of this pie so that the fucking people who are ruining the world and who want to continue to ruin the world don't get their peace.
Starting point is 01:47:49 They cannot have their peace. So that's what I'd say. In terms of recommendations, just on a different note, I mean, as part of this whole experience, you have to keep learning. So, I mean, obviously keep watching all of Ben's tutorials. You can tune in the mind if you want every once in a while. I try to run self-custody spaces here and there. So if you ever have any questions and you're more of like a Q&A type of person, you know, you're always welcome to come up on stage and ask. and I'll try to answer them.
Starting point is 01:48:25 I always say there's no stupid questions, right? We're all learning this together. So never stop learning, you know, keep practicing. Practice makes perfect. Don't be scared of multi-sig and take your stats into self-custody. I love it. Awesome. Let's go.
Starting point is 01:48:42 Well, gentlemen, thank you so much for joining me. This was a blast. I really had a lot of fun. Good vibes this episode, I gotta say. Awesome. Awesome. Thank you both. Guys, their Twitter X, one of those, their handles are in the show notes.
Starting point is 01:49:03 Go follow. And more importantly, go follow them on Noster. You can find their NPUBs on their profiles, if I'm not mistaken as well. So yeah, go follow both these gentlemen. And go follow Rick. Oh, yeah. Crypto clugs printing all of the best Bitcoin wares. So go check him out.
Starting point is 01:49:23 Maybe order a space eater. Scoop up a grenade, baby. Yes. Let's go. Yes, I got mine on light. And don't, don't let me know. I'm a shining example of what not to do. Don't wear your signing devices around your neck or stem and or stem.
Starting point is 01:49:42 Ben, are you wearing your ledger on your neck? I can't tell. It kind of looks like the ledger necklace. This is a block stream, J. I store all my. You can't get on my ledger. No, this is a BTZ PACE server. Oh, that's sick.
Starting point is 01:49:56 I love that. Much better. Much better. Don't be like wicked. Don't wear your ledger around your neck. You're going to get rash attack. Love it. Gentlemen, thank you so much.
Starting point is 01:50:05 Everybody that's watching, go into the show notes, follow all these guys, and also check up on what they're doing. Also, don't use ledger like men's. Yeah. Yes, 100%. Guys, thank you for being here. Have a great weekend. And I'm sure I'll be chatting.
Starting point is 01:50:21 you guys soon. Awesome. All right. Thanks, man. Thanks, Ben. Cheers. All right. And everybody watching, don't go yet.
Starting point is 01:50:29 Hold on. I gave you guys a challenge earlier in the show. I said, go retweet. Go, go share some stuff. And maybe I'll send off some stats to people. So let's go do that right now. Okay. So over here, by the way, early in the show, I said,
Starting point is 01:50:46 if you retweet on Twitter or if you boost on Noster, then I'd send off 10,000 sats to a random person. If you reply, if you boost it and or retweet it and then reply with your lightning address. So let's do a quick scroll here. Let's see what we got. Okay, I see a bunch. I'm going to go with, let's do wacky.
Starting point is 01:51:12 All right, Wacky at Wallet of a Satoshi. Number one, buddy, let's get you on some non-custodial, but I'm still going to do it for you here. And of course I say that and I'm on Albi for this particular transaction. I do so, but I do this just for ease of use for this particular thing. Anyways, so let's paste that in. Wacky and we'll do 10Ksats here. And off it goes.
Starting point is 01:51:41 Okay, so Wacky, congrats. There you go, 10Ksats for you. And I'll just do a little reply here. You, congrats. Thank you Sats for you. And then we'll do the same over on Nostrow. Let's hop over. Okay, let's see what we got down below.
Starting point is 01:51:59 Okay. Oh, we got a few. Oh, we got a... Twitter X. What are you doing? You guys are slacking Noster on top of it. Okay. All right, Ross.
Starting point is 01:52:15 Ross, it's happening. What is this roster at? Can I copy that? Select. Hold on here. We're going to do it. We're going to do it. Okay, hold on.
Starting point is 01:52:25 There we go. Okay. Ross. Roster, we'll call you. Roster. 10K sats coming your way. Let's do it. Send.
Starting point is 01:52:35 Haste. Continue. 10K. Confirm. And off you go. And then I'll just do a congrats. 10Ks for you. All right.
Starting point is 01:52:52 Everybody, thank you so much for being here. I do really appreciate everything. Thank you guys. You're awesome. So roster, wacky, congrats on the 10Ksats. And thank you for sharing the show. I do appreciate it. That just means you were here watching.
Starting point is 01:53:07 And that's important to me. That means a lot that you guys would take your time to come join me and all the gents on this episode. Anyways, guys, of course, please do like, subscribe, share, even though the show's coming to an end. It's nice for people to be able to catch on up to it afterwards. Hit that little like button if you're here on YouTube. Hit the like button on Noster as well. Give it a boost. Give it a retweet, share it on whatever the socials you may be on.
Starting point is 01:53:33 And that always helps a ton and subscribe if you're not already. That really does help. Of course, you can also hit up the previously mentioned sponsors. They are all in the show notes down below. And then finally, there's a QR code on the screen for you right now. If you need a little bit of extra help, maybe all of the free tutorials aren't quite cutting it and you just need a little bit of extra handholding as you sort out everything as you're setting up wallets, hardware, multi-sig, privacy tools, whatever it may be. You can scan that QR code.
Starting point is 01:54:03 It'll take you to my website where you can book me for one-on-one sessions. So yeah, you can go ahead and do that. If you're listening on the pod afterwards, it is just btcsessions.ca. Anyways, guys, thank you so much for being here. I really do appreciate it. And yeah, I guess that's it for me. Have a wonderful day or evening, wherever you may be. See you guys next time for your daily session.

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