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The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Canadian Hashforce & Bitcoin Savings vs Investment w/ NobodyCaribou | The CBP

Episode Date: August 28, 2025

FRIENDS AND ENEMIESThis week, we have Nick St. Louis, aka NobodyCaribou (https://x.com/NobodyCaribou). Canada is blessed with an abundance of resources, including energy. Nick is entertaining the idea... of establishing a Canadian Hashforce to monetize our energy and ensure access for Canadians to the Bitcoin network. Furthermore, he has recently joined $DIGI as a Bitcoin strategist for $DIGI. What is the difference between saving and investing?Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.256Heat -⁠ https://256heat.com/ ⁠ GET PAID TO HEAT YOUR HOUSE with 256 Heat. Whether you're heating your home, garage, office or rental, use a 256Heat unit and get paid MORE BITCOIN than it costs to run the unit. Book a call with a hashrate heating consultant today.The Canadian Bitcoin Conference - https://canadianbitcoinconf.com/The PREMIER Bitcoin Conference, held annually in the great white North, where Bitcoiners come together to share stories, build momentum and have a great time while doing so. Whether your a pleb, business, newcomer or OG, the Canadian Bitcoin Conference wants to see you in Montreal, October 16-18 2025. Don't miss this one!

Transcript
Discussion (0)
Starting point is 00:00:00 And one of the things that can't be attacked is your self-custody Bitcoin. And one of the things that can be attacked is the ETF. Can't be exposed to that. That's my view. It's not a good idea. And by the way, that'll hit MSTR too. It'll probably hit other stuff as well. Friends and enemies.
Starting point is 00:00:14 Welcome back, Canadian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Want to be better informed. Listen to Levin Joe E. Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS, the media is feeding a slop. It doesn't matter what top. Disgust Quality entertainment and information you can trust
Starting point is 00:00:33 That's being planned or at least discussed You know we're not going to allow Quality entertainment and information you can trust Send the guys some value boost them with some stats Bitcoin is a scarcity acid I mean it's just a fact Geopolitical national down to the local cloud Friends and enemies welcome to yet another edition of the Canadian Bitcoiners podcast
Starting point is 00:00:53 I'm Lenda Legend back at it Joey is still on the mend Dealing with his knee injury had surgery successful surgery just two days ago and he should be back on monday i am continuing at the cal ripin streak i am here again both my knees are functioning and my guest who's going to be joining me in just a second nick nobody caribou is going to be also he also has two functioning knees as well so we are four knees in total all working which is fantastic now before i bring nick on to discuss what we want to chat about i want to talk about the sponsors of today's show number one we have easy dns who has been with us for a number of years the sponsor that's
Starting point is 00:01:33 been with us for the longest love easy dns love mark and if you are a net citizen and you are or want to be a proper net citizen and you want to have some presence on the internet web hosting email hosting whatever they are the people you want to talk to you can either set up something new or migrate something over to them and these guys because they're privacy oriented and you're not going to rug you, you know your stuff is going to be done properly over there. You can pay with Bitcoin over with EasyDNS, and they've been doing this for a number of years. So you know they're Bitcoiners. And Mark has been in a show several times and people love him.
Starting point is 00:02:08 So if you love him, you love his product, you definitely want to check out EasyDNS. EasyDNS.com. If you use the promo code CBMedia, 50% will be taken off the initial purchase. So make that first order massive. You're going to maximize your savings. Second sponsor, we have Bull, Bitcoin. Good place to guy buys Bitcoin. Good place to sell Bitcoin.
Starting point is 00:02:29 It's showing 111K. I'm not sure if you're buying or selling mood. Either way, Bo Bitcoin has you covered on-chain, lightning. Fees are still rather low. I would suggest still do on-chain. But learn lightning. Eventually, we're going to need it one day's. But you know what?
Starting point is 00:02:41 Until then, on-chain is the way to go. You could buy in-person if you're in Alberta with a Beau River Credit Union. And you can also buy, obviously, as I mentioned, gift cards online with Bull Bitcoin. you could start spending it in some ways you could spend it to pay some bills like you have a credit card bill you have car payments you use your bitcoin to pay bills and well bitcoin will help facilitate that that's pretty damn good check them out if you're in canada mexico costa rica a bunch of european countries they are available user code below and if you do that and sign up using our referral link then you're going to get a little bit off taken off every time you make a buy
Starting point is 00:03:21 in perpetuity so that's the way to do it check them out they're number one in the business And they're not custodial, too. Third, last but not least, we have the Canadian Bitcoin Conference. It's taking place October 16th to 18th this year in Montreal. It's going to be a great event. It's the premier Bitcoin event in Canada. It's the third annual Canadian Bitcoin Conference. I had Dan Carlin on our show just last Monday, so he talked about it at length.
Starting point is 00:03:49 If you haven't yet gone to one of these, I suggest you do so. I'm not going to be there this year, but Joey will. and I think he's going to be participating in a bigger role than he did last year. I'll just leave it at that. So check them out, the Canadian Bitcoin Conference, Montreal, October 16th, 17th, and 8. Power to man with the power, or did I disappear? Hopefully it's not me. I got you.
Starting point is 00:04:20 Okay, there you are. How are you, buddy? I'm doing well, Len. How are you? living the dream living the dream so nick it's been i took a peek before you jumped on it's been two years and two months since we last talked in this setting it was june of 2023 a lot has happened in your life since then you're now a new father i sure am congratulations and uh this happened i think it happened just before her june 2023 am i right or am i wrong uh she's almost
Starting point is 00:04:53 too. So the proverbial seed would have been planted by then, but I don't think she was out of the out of the win yet. Still in the oven. And I believe you just made the move to Montreal at that time, right? You were living in a nation's capital and you moved to Montreal. Still there? Back in, back in Ottawa. Actually, I spent four months in Bitcoin jungle with my family, which was, dude, it was a surreal experience. You know, one of your sponsors, Bull Bitcoin and Francis is part of the crew down there, him and Lee with Bitcoin Jungle. And it's a surreal experience to be able to literally go by meat from a butcher in sats, pay for my jihitsu lessons for my coach in sats, buy a coffee in sats,
Starting point is 00:05:40 buy pancakes in sats. Like literally, you know, one of the most surreal things was going to the Dominican market, farmer's market. And one of the really surreal experiences was going there, 9% of the merchants there accept Bitcoin as a medium of exchange. And we would always get cucumbers and radishes from the same farmer. He's got a table set up with a bunch of vegetables. He's got a little straw bin, like a little straw bowl that he gives you.
Starting point is 00:06:08 You put all your stuff in and then you give it to him at the end. He adds it all up and he just literally, he can't speak English. He probably doesn't have a bank account. He is the dude growing the vegetables with his hands in the soil. and I am paying him the world's best money when he just shows me a QR code for like a couple bucks where the vegetables I scan it
Starting point is 00:06:29 I say, I say thanks, I leave and we transacted and no one, there's no governments in between us, there's no companies in between us. You know, you go to Costa Rica and it's fairly,
Starting point is 00:06:41 I don't think primitive is the right word because it's actually like, it's just very human, right? It's a jungle. There's a lot of struggles that come from being deep, in nature, things are not as quote unquote advanced. And yet they use the world's best money with the cutting edge of financial technology on planet Earth. So it's this real big contrast
Starting point is 00:07:02 where it's like, you know, quote unquote third world country, but the most advanced financial technology is just used at a farmer's market near in the jungle. So very cool, very cool experience i i think it's probably will be one of the rights of passage for bit corners to go somewhere and actually experience it was literally like going and living in the future and uh it was a great time i highly recommend it what brought you there aside from the fact that just they use bitcoin was there any other reason to go there was a good weather did you have friends family something else that's driving you there uh we knew some people that were there the bitcoin element was pretty big um my wife
Starting point is 00:07:46 and I wanted to go on an adventure, my, my younger brother had died. And I realized like, you know, yeah, I mean, he got, we're all going there. We're all, we're all going to reach the end. For sure. Everybody that's here is going to disappear eventually. We're not immortal. So it smacked me up that he got there before me. But at the end, I was at peace with it. And, but it really made me realize, like, you have to go on adventures in life. Because who knows when life's going to end and you don't want to finish saying, I wish I would have gone on that adventure. So we wanted an adventure. We wanted to go somewhere with oceans and mountains and sun and be in nature. We wanted to just recharge our health big time. And I wanted to experience life on a
Starting point is 00:08:27 Bitcoin standard. So that's what brought us. That's what narrowed down the choices. And Costa Rica was the one that won. So somebody's asking in a chat, boom dusk, he's asking, where's the ping pong table here in my home I guess so boom dust the ping pong tables that's all freedom
Starting point is 00:08:51 so if you want a rematch you're going to have to meet you there because it smacked you up last time and I expect you to bring your egg game next time I played quite a bit of pink well actually I have played quite a bit of ping pong now I'm going to go into the weeds here a guy I used to play with a lot
Starting point is 00:09:05 passed away and since then I have had no desire to play ping pong But when I was playing, I had even learned how to play with the pinch method. I'm not sure if you know that method is the way the Asians play. I used to play that way. I played with really good players and they found it as a weakness because they kept smashing it. What you don't realize is when your fingers on the paddle, you're actually taking away surface area of the paddle and your backhand or so your forehand.
Starting point is 00:09:34 Anyway, I played with some good players and they tore me apart with that holding mechanism, even though it looked cool. and I felt badass, they tore it apart and I had to go back to traditional. Oh, see, I love the pinch. And, yeah, I feel like I have better coverage. And there is a period where to switch to the backhand to get the other. Like, I don't want to get into it. This is not a ping pong show. But son of a bitch, one day I want to get back to it.
Starting point is 00:09:55 It's your fucking show. You talk about whatever you want. No, this is you. We're talking about you. You're still a shoe minimalist. It was last we talked, you were very big on that. So have you, you're still on that path. You're still wearing or you're still,
Starting point is 00:10:10 on an issue minimalist path of enlightenment. Talk about that. Joey would love to hear this, by the way. It's too bad he's not here because I know this is a topic that is kind of near and dear to him. Well, I spent a decade. My background, I'm trained as a physical therapist. And I, you know, spent a decade honing in
Starting point is 00:10:29 and specializing in the lower extremity and particular foot health because I think it's just massively overlooked. Most people's feet are super messed up. And 99% of people are wearing shoes that are literally damaging, disabling and deforming their feet, which is a shocking stat. Shocking. And so I, you know, I started spending time barefoot and wearing shoes that respect my feet, which are called
Starting point is 00:10:52 natural footwear. I started a little natural shoe company in Canada because I realized I was recommending this to a lot of people through social media. I started a healthcare company focused on feet called the foot collective. So if you have any lower extremity problems or foot problems, go see the foot collective. It's all, they have so much free education. It's amazing. And that opened up another problem, which was people in Canada can access this kind of shoe because it's so niche still. So I started a company called Soul Freedom. We actually about a year ago, we did our first transaction in person selling shoes for
Starting point is 00:11:25 stats, which was super cool. We hosted a Bitcoin meetup. And that was very fun. But yeah, when you become a Bitcoiner, you end up, when you protect your time with sound money, you have a bunch of time to learn about health. One of the areas that is a low-hanging fruit is learning how to just develop slightly better foot help and slightly better balance because those are the foundations that help your physical body do whatever you want to do for the rest of your life without getting
Starting point is 00:11:51 injured and fucked up. So, yeah, I'm still, and it's ironic, right, the guy that started the shoe store spends most of his time not in shoes. And I just view shoes as a tool. When I need to wear them, I wear them. We live in Canada. In winter, I got to wear some boots, but I make sure that those boots aren't going to mess my feet up, aren't going to mess my posture up, and are going to allow my feet to function normally. So anyone who's listening to this, look into natural footwear, soul freedom, s-o-e-freedom.ca.
Starting point is 00:12:17 I'm going to just plug that, not because I care if people buy there or not, but because that is Canada's largest selection of natural shoes. I don't care if you buy from the company or not, but that gives you a good sense as to what kind of shoes I'm recommending, what kind of brands and styles are available. And switching to shoes that don't damage your feet might be the most important thing you're not doing for better lower body help rant over so the
Starting point is 00:12:41 company is like walking on a cloud or a running room those places are truly fiat right super fiat stay away from that so fias dude and and it's like if people wearing shoes that are messing their bodies up unequivocally is an indicator of how fiat we are still every time i go for a walk i I realize we're super early. Fiat is very prominent. People are still mostly in the matrix. But when you take the orange pill or when you take the green pill, which I consider just seeing the truth about health and how you need to take responsibility
Starting point is 00:13:15 for your health, you need to be independent and think for yourself when you're learning about health because your doctor's not going to tell you how to be healthy, right? They are disease care professionals. As a physio, I was a disease care professional. I was not a health care professional, meaning that my job was to diagnose and treat symptoms of disease. That has nothing to do with health. That was a shocking realization when I had it. And so I think personal responsibility is a big theme in Bitcoin and sovereignty is a big theme in Bitcoin. It's also a very big theme with health because no one cares more about your
Starting point is 00:13:45 health than yourself, but you have to do the work to figure out the truth. And most of the time the truth is much simpler and much more profound than you think. And it's not about doing more shit, more complex stuff. It's literally about trimming away all the crap that's causing you problems, trimming away the food that's making you sick, trimming away the screen time before bed that's causing you to have shit sleep, trimming away the toxic social media you're consuming that is literally just swallowing up all the dopamine and making you addicted to this high time preference attention loop. And so once you trim away all the shit, trimming away the shoes that damage your feet, once you trim away all that shit, it's not really that much.
Starting point is 00:14:24 stuff to add is just health is the natural default trim the unnatural things away that are causing you to get sick and you're going to be healthy as long as you're patient and i think i actually wrote a paper a lower extremity health protocol um and after 10 years of working in lower extremity health and foot health the really what i distilled it down to is literally just three principles lower your time preference trim unnatural inputs that don't align with your biology and add natural inputs that do align with your biology So unnatural inputs would be things like spending a huge amount of time sitting in chairs, wearing shoes that damage your feet, looking at screens all day, not being inside and not outside in sunlight. So trim, you don't have to eliminate them, but start trimming them away and then start adding natural inputs like real food, high quality, grass fed, naturally raised meat, sunlight,
Starting point is 00:15:18 spring water, time spent barefoot, shoes that don't damage your feet. And it's a little that simple. And the big thing there is lowering your time preference or taking a long-term time horizon is best achieved by adopting Bitcoin as your store of value and your unit of account because Bitcoin will hack away your time preference. And I literally think adopting Bitcoin as the way you save your time is the biggest catalyst to better health because you'll actually have the time to take care of yourself because your time is not being stolen. And Bitcoin ratchets down your time preference in life, and health is a low time preference endeavor. So in a Fiat world, health is virtually impossible.
Starting point is 00:16:03 In the Bitcoin world, health becomes the default because when you lower your time preference, you start to think longer term. How is my behaviors that I'm doing today going to affect how my body works or my health in a decade from now? In Bitcoin land, you can actually think like that. In Fiat land, you can't because you're constantly being stolen from and you're constantly trying to just catch up from that theft yeah so let's talk about financial health and let's talk about financial health of a nation and the nation in this topic is Canada and Canada
Starting point is 00:16:36 we are blessed with so much energy water minerals gold diamonds you name it it's all this shit But let's focus on the energy portion of what Canada has to offer. And there's a lot of provinces out there that are generating excess amount of electricity. They're exporting it to their neighbors. And you are a proponent of using that energy as a way to somehow capture Bitcoin. And forgive me, I'm trying to figure this out. But it's a way to Canadian hash force. Is that the way you framed it?
Starting point is 00:17:15 yeah i mean if we had a competent CEO if we had competent leadership in this country we would be one of the richest countries in the world we would all be getting paychecks in the mail as energy dividends and maybe sats stream to us from all the way model with the oil so to speak similar to that kind of like that but yeah more advanced yeah like i mean Canada has if you rank if you look at a list of the top 10 countries in the world by total natural resource value, so the wealth
Starting point is 00:17:50 contained in a country based on the value of natural resources, Canada is number four, which is super impressive because that's a global thing of like Russia, USA, China, Australia, everywhere in Europe, Africa, Brazil, like Canada's number four. We hold
Starting point is 00:18:06 18% of the world's oil reserves. We have the second largest uranium deposits, third largest timber resource. resources. We have so much hydroelectricity. We don't even know what to do with it. Most of it is wasted because we don't have a place for it. We should be wealthy as fuck, but we're poor because of incompetent politicians that are spreading this climate hysteria saying that energy is bad. And if you pay more taxes, you're going to save the world's climate. And it's literally the biggest joke ever. And it's preventing us from actually being able to convert
Starting point is 00:18:40 the wealth of our nation into wealth for individual citizens and yeah i think i think under competent leadership we cut taxes in half and every citizen that's been here for five years and paid taxes for five years gets an energy dividend quarterly where they get paid i don't even know what it would be hundreds of dollars as their pro rata portion of the nation's resources that are being monetized um and i think the easiest way to do that is with a hash force so you take you know Let's just take wasted hydro energy. I remember hearing this from Samson and Adam Back a while ago. So this is potentially an older stat.
Starting point is 00:19:17 I haven't verified it recently, but it still doesn't change how profound the stat is. Two, three years ago, Adam Back and Samson Mao both said publicly on podcasts that half of the wasted energy, half the wasted hydroelectric energy in Quebec alone could power the entire Bitcoin network. Now, since then, hash rate has gone exponential. so probably doesn't hold true anymore. But it still is a profound statement if you really hear what that's saying. Half of the wasted hydroelectricity in one province in Canada. Okay, so one province wasted hydroelectricity is hydroelectricity that could be created. Water would flow over these turbines and the turbines would generate electricity. But because the electricity has nowhere to go, the turbines are not actually being plugged in. Water is just being let bleed because they
Starting point is 00:20:09 have to in order to manage water resources. Half of the wasted energy could power the entire Bitcoin network. That's how energy rich we are. Now, there's probably variables there that prevent that energy from being used. For example, energy generation is actually not hard or uncommon. Energy transportation is the hard part, right? I think it costs something like a million dollars per linear mile to transport electricity over a high voltage power line.
Starting point is 00:20:33 So it's very expensive to transport energy from source. And the further you get from source, the more that energy bleeds away. What happens when you can just plop a shipping container next to these hydroelectric turbines and never have to waste any energy? Just plow it into one of these containers, generating hashes, creating Bitcoin, mining Bitcoin, proofreading the ledger. And to me, it's a no-brainer, right? An energy-rich nation, in the age of Bitcoin, an energy-rich nation can now actually be a wealthy nation monetarily because we now have a way to convert energy. Oh, just a into the world's best money.
Starting point is 00:21:12 And so if you're energy rich, you should be rich. And I think one day we go from the current cacostocracy, which is the word I learned recently. And I love because I don't love that it exists, but I love the word because the perfect encapsulation of where we're at in Canada right now. And the definition of that is a state or country run by the worst, least qualified, most unscrupulous citizens.
Starting point is 00:21:37 And I also recently learned what unscrupulous means. It means having no moral principles and being dishonest. And so, you know, under Fiat rule, politics is really just a joke. It's theater, right? Even the fact that they, in the actual theater room in the capital, they say the right honorable before they say the person's name. It's almost like they're literally gaslighting people to cover up the fact that these are dishonest, dishonorable people.
Starting point is 00:22:01 I'm not saying every politician is, but I think under a Fiat regime where Paul is, politicians control the money printer, they control everything. They control the media. They control education. They control the justice system, how it's enforced. And so, you know, really under this rule, the wealth of Canada as a nation has been squandered. People are being taxed into oblivion. Canadian dollars being eroded to nothing. And we're having our freedoms taken away. And it really is, it's quite sad, actually. But I think Bitcoin gives me hope that we will go from cacistocracy, the current state, to meritocracy, which is the polar opposite, a society governed by individuals on the basis of their ability. And, you know, based on a meritocracy,
Starting point is 00:22:53 people get elected on the basis of demonstrated abilities and merit, right? You get the top CEOs in the country to do a tour of duty, you know, playing a part in the country's leadership instead of just playing this weird popularity game where those who have the most money win the contest and the people who have the current control over the money printer have the most money. It's like weird. It's like control over money is an error code in democracy. You can't actually have democracy so long as someone has control over the money printer. And just a recent example because I work for a a treasury company that acquires Bitcoin and gold. So I've been learning more about gold lately.
Starting point is 00:23:34 We'll talk about this in great detail in a little bit. Sorry, go on. Well, just an example I learned recently that I think is a really good, tangible example of Canada being so wealthy in resources and yet so poor because it's been squandered is the fact that Canada is the world's fourth largest gold producer in the world, 200 tons a year. yet we have zero gold reserves yeah that's insane the last little bit was sold off in the last decade now we there's a nominal amount i forget the number they have but it's essentially zero it's in you're right the fact that we have a lot probably under our fees just there ready to be
Starting point is 00:24:15 taken and as a nation we'll hold none incredible and we're in debt and every year we go into debt and we it's like our balance sheet is abysmal and yet no one really seems to be talking about the fact that and i'm not saying i have the solutions but i think one part of the problem is this idea that decisions get made with such a high time preference that no one's actually thinking of like no one no one's thinking of what kind of world what kind of Canada is going to exist in 20 years for the kids that are born today no one's really thinking about that right it's like a four-year cycle, they make silly decisions that hopefully gets them reelected. And I think until, you know, again, Bitcoin can't not exist. It exists. It's not going away. Bitcoiners are getting more and more
Starting point is 00:25:03 wealthy. Fiat people are getting more and more poor. At the end of the day, wealth is power, money's power. If you own the best money, you are ascendant in the world power ranks. And there'll be an inflection point where Bitcoiners have so much money that they can start to influence politics. They can start to play the game of politics and actually apply and exert power into the politisphere. And I'm super happy for that. I'm excited for that. I hope it happens in my lifetime because I hope my daughter can live in a really awesome Canada. I was just going to touch upon that the timeframe in which we could see this transition take place. And it sounds like you're skeptical it would happen relatively soon. You think it's, it's
Starting point is 00:25:45 going to be some time because let's be honest the people that you hit this nail a few times the people that are in power they have control of the money printer and that's a very powerful tool and dare I say weapon that could be used and hanging on to that I'm just looking at from their vantage point they want to maintain that control they want to maintain that power and so they continually continually use that it's going to give them the ability to exert some pressure on people But eventually that pressure, that power is going to be lost. It's just how much time does it take to lose all that power? How much time does it take to transition to a different system?
Starting point is 00:26:23 You know, and for a little while ago, I was thinking this is going to happen quick. But now more and more lately, I'm thinking this is a long-term thing. And I'm not even thinking I'm going to see this happen in my lifetime, too. I think this thing just may run for a long, long time the way it is right now. And I may not see a transition to something else. else. I mean, what's your thoughts? When do you think we might see this eventually morph into the next generation, something that is more hard money system, Bitcoin system, something that's better. Well, I think it's already happening, Len. It's happened with you. It happened with me. It's happening
Starting point is 00:27:00 to more and more people all the time. And the beautiful irony of it is the more the Fiat printer gets fired up, the more pain is induced to citizens. And that acts as a forcing function for people to become financially literate and learn how parasitic the fiat system is. And as hard as it is to learn about Bitcoin, when you experience enough pain, it's a no-brainer. Right. Like when inflation's eating 15% of your purchasing power per year and you can't ignore that, that pain becomes a nudge or a shove to force you to learn about money. And so I think it happens on an individual basis. And I don't actually think you need like over 50% of people to be there in order for change to happen. I think you literally just have to have a hardcore 5% of people that are intolerant that have fuck you money and a lot of it and are intolerant and will not stop beating the drama and care enough about future generations to actually put energy into the into the theater of politics to play that game.
Starting point is 00:28:04 Because at the end of the day, it is a game and you can not play it and go live in the forest. and I commend you if you want to do that. I've thought about it. I went to the jungle. But at the end of the day, I think if you really travel around Canada and you see the true beauty of this country and how actually amazing it is, how vast it is, how few people we have for the landmass way that we have,
Starting point is 00:28:32 how beautiful the natural landscape is, how cool the people are. Now, I will say, most people just aren't. accepting enough responsibility for truth or enough responsibility in their lives to really warrant my respect, especially Canadians. They're way too fucking nice and they're not, they really just are lazy, honestly. I live in Ottawa right now and this is the belly of the beast for Fiat. You know, people are getting paid $100 grand to do nothing. They can't even describe what their job is and they work for the Fiat behemoth. And we need to per, we need to, we need to cut them all off the teat. Our own teat. They're getting paid our money. You and I work hard for our money. We
Starting point is 00:29:08 We get taxed, those taxes go to stupid shit to teach, I don't even know, like fucking yak farming in Mongolia and trans, trans, trans, trans, trans, I don't know, the stupidest shit, right? If you look under the Trudeau regime, what we actually spent money on, it is literally comedy. It would be comedy if it wasn't so painful to admit that our money went there. Where is it going on with that? So yeah, I think I think it is happening.
Starting point is 00:29:40 It happens on an individual basis. All it takes is a small percentage of radical people that understand this and care enough about the future to move the needle and make a difference. And I actually think in a decade we live in a totally different country. Maybe that's naive optimism. And maybe that's just in my own sphere of life. But I think it's accelerating. I think the fiat implosion is going to accelerate. the Bitcoin emergence is accelerating in my opinion
Starting point is 00:30:09 and it depends where you're looking you can look in some places and be like we're already there you can look in other places and be like we're 100 years away it's never going to happen and it just depends where you're looking and at the end of the day we all vote based on where we store our time so store your time in Bitcoin you're already part of the revolution isn't there like a risk
Starting point is 00:30:30 you think that as things change as there's a demographic shift in Canada every year it seems and there is the further erosion of people's wealth in fiat terms and people are earning more in savings because as Bitcoin goes up over time, don't you think there's a risk here of capital flight of people just saying, I've had enough, change is going to happen slowly,
Starting point is 00:30:59 I'm going to go to the Bitcoin jungle, I'm going to go to Lugano, Switzerland. go somewhere else and isn't that a risk that's at play is change could happen but it could happen in a negative manner and that that capital will just leave and those it'll be a brain drain is that's what I fear the most is that you'll have these individuals leave and replaced by a different set of individuals and you know we could talk about if that's going to be a pro or con but it's just changing the way Canada is. And I don't know, man.
Starting point is 00:31:36 That's a scary thought for me. And I look at that. I was like, I don't know. I don't want to get into my situation. I have, I've talked about it enough. But I think it is a risk. I think the interesting thing is that now that Bitcoin exists,
Starting point is 00:31:52 capital flight can happen in your living room. You can literally port your wealth to a system outside of Fiat to a, a vault in cyberspace protected with unbreakable encryption from your living room. So you don't need to leave the country to remove your wealth from the broken corrupt system. You literally can just go to build Bitcoin, take your Fiat, throw it in the garbage, and receive Bitcoin. And so, yeah, I think I know people that have left and they're good people. I also think that those people in a heartbeat would come back if they saw meaningful change
Starting point is 00:32:34 and if they saw incentives change. Like if Canada, so I often think about this as a thought experiment on a walk. What would make me love Canada from a socioeconomic standpoint? What would make the people that I know that have left Canada, the wealthy people, instantly be like, yeah, I'm coming back. It would be if Canada became explicitly friendly to Bitcoin, embraced Bitcoin. at the extreme they delete the Canadian dollar and transition to bits so everyone you know you can trade in your your lunis and your Canadian mousse pesos and you can get bits and sats and all the
Starting point is 00:33:12 Canadian infrastructure is built on stats now is that realistic no but I can still I can still muse about it but if they said okay for in in Canada you get you get a competent CEO who under leader of Canada. He understands the value of Bitcoin. He understands the value of having Bitcoiners, which are the smartest people, I think, in the world in this country and says, there's no capital gains on Bitcoin. Bitcoin is acknowledged as a currency, a legitimate currency alongside the Canadian dollar until we kill that off. And we want to embrace financial innovation and we will offer grants to people building infrastructure. We will create a national hash force program where we are researching Bitcoin. We are trying to manufacture ASICs in Canada,
Starting point is 00:34:02 trying to be very friendly to ASIC manufacturers to come here, build here. You will be treated very well. And we're going to create a national program that ensures access for Canadians to the honest monetary ledger. And we're going to plug in all of our wasted energy and we're going to pay an energy dividend to anyone who's been here and paid taxes for five years. I bet you a shitload of people would come back and I bet you people would reconsider leaving. And it also attracted a whole bunch new people that didn't live here. It's wherever there's a Bitcoin Mecca, you're going to attract a bunch of
Starting point is 00:34:33 Bitcoiners, but also hard money folks as well. And Bitcoiners aren't just people that work in Bitcoin. Like, I know doctors that are Bitcoiners. I know scientists that are Bitcoiners. And so you attract the brightest minds who have simply gotten to the conclusion of fair, sound money before everyone else. and you bring them here and you create a hub for innovation. You create a hub for health.
Starting point is 00:34:55 This is another thing that I think a competent CEO would actually do is actually create a health care system. We don't have one. We often say we do, but we actually don't. We have a disease care system and we have a really inefficient, expensive, shitty one at that. Our disease care systems aren't good, right? And I think the myth of free health care
Starting point is 00:35:14 is that it's not free and it's not health care. And like I said, in Fiat, And everyone's so plugged in and tapped into what they're being told. They're not actually thinking for themselves. They're not taking time to take responsibility for truth. And until that changes, I don't think it's going to be a meaningful change, right? Because the people who are in seats of governance right now are literally just a derivative of the people who live there, right?
Starting point is 00:35:40 The dumb people voting are electing the dumb people. The only vote that matters is what you store your time in. And if you don't store it in Bitcoin, you're voting for the shitty corrupt fiat parasite unknowingly i'll say unknowingly man i have empathy for a lot of these people who maybe are just struggling to get through the day or to get the next month's rent like i'm not i'm not insensitive to that but it doesn't change the fact that the state is not going to create education on financial literacy and show people how corrupt there you have to have the curiosity or experience such intense pain to actually be nudged to do the hard thing which is put in the time to learn
Starting point is 00:36:19 about money. And more and more people are doing it. I see it every day. I see friends, family relatives that used to talk shit about Bitcoin and now are like, what was that Bitcoin thing? Hmm. Yeah, I think I might get some sats. What exchange do I go to? Like people are changing and the more fiat imposes pain, the more people get shoved into the realization that they need to learn about money and take responsibility for their money. So that makes me super hopeful then because I think if the pace that it's been going continues or accelerates, which I think is a more likely scenario, I think we live in a totally different Canada in a decade and definitely in two decades.
Starting point is 00:37:00 And I have a low time preference, you know, like I want my daughter when she's 20 to grow up in a great Canada. I'm not really expecting meaningful change before that. If it happens great, I think it will. I think we have this weird inflection point where Bitcoin is emerging in a really strong way in a way that never has before in terms of acceptance in tradfai and it's embedding it's embedding itself everywhere and i also think there's just technological revolution where a lot of people are going to find themselves with a lot of time when the current way they give value to the world
Starting point is 00:37:35 gets erased by software and it's going to be painful for a lot of people but it's going to be a liberation of human creativity and innovation because, you know, and I would hope that all the people with soul-sucking, meaningless shit jobs in government that pay 100 grand a year get sliced off the teat so that they can actually figure out their path that gives a meaning. Like, I know a lot of those people. They're not happy people. They make a lot of money in relative terms, but they're not happy people. So they've like sold their soul for a paycheck for the Fiat parasite. Um, And I think when they get unleashed to give true value to the world and to Canadians, we are going to just have an abundant country.
Starting point is 00:38:18 So, yeah, rant over. But I think it's going to be good. Yeah, this current crop of who's going to be running is, let's be honest, it's going to be, Mark Carney is going to be running in the next election. Unless something drastic happens, he's going to be running again. And Poliev looks like he's going to be running again, unless to conserve his side in a leadership review that he's not the guy to do it. And his history, well, Carney's history of Bitcoin, in the past, he never talked fondly of it.
Starting point is 00:38:44 So his adoption of it is probably going to be impossible. And also, his experience as a central banker, he's obviously not going to be, right. So Poliyev. He's peak fiat. He is. He definitely is. Poliab, too, is kind. I would say very close to that.
Starting point is 00:39:01 He did it one time own some Bitcoin, but in a recent disclosure, what was it? He owns like $5,000. of actual Bitcoin, the asset, the rest he has ETFs and whatever else. Like, come on, buddy. Like, you know, if you really are, you wouldn't have sold your corn and you would have a lot more than 5K. So I'm just looking at these two. He does own some. Give it four years.
Starting point is 00:39:25 It might be 50K. Give it four years. It might be half a million. It's going to suck him into its orbit. I honestly think Pollyev is a closet bickoner, but because it's not popular to talk about in politics, probably it can be weaponized against him like it has in the past can't really talk about it so he has to get in first and then he can start making changes and frankly i don't really have faith that anyone in the political system right now is going to do anything meaningful until there's the orange
Starting point is 00:39:50 party of canada that is based on like five to seven fundamental um unscormable mandates one of which is destroy the central bank and transition to sound fair money for Canadians i don't really give a shit what any of them say and i don't really give a shit what any of them say and i don't even acknowledge the theater as real i acknowledge it for what it is which is a fantasy world of theater that only exists because people are still too stupid to know that it's it's a fraud and i think eventually the bitcoin party of canada is going to be formed and it's going to be that five percent of hardcore people who are ascendant and have a huge amount of wealth that will actually have the power the monetary energy the watts stored in digital assets to actually push
Starting point is 00:40:36 through candidates through the political system and have those candidates be the intolerant person who is constantly beating the drum of we need to fix the money. We need to fix the money. You're all arguing about all these problems and they are real problems, but they're all tied to money. And yeah, I think when that happens, I will have something exciting to actually pay attention to and may even give the Fiat, or not the Fiat, but the political system a bit more credence if I see something like that happen. And I think it happens in a decade. The Bitcoin Party of Canada, I, I'm just trying to take a look and trying to go through the list here to see if anybody's even done that with a registered list of parties. And I don't
Starting point is 00:41:17 see it. There, there is a void here that needs to be filled. So somebody up there, let's get this thing moving. That'd be pretty damn cool. And you're right. Because if you do have the financial backing of it, because as Bitcoin value goes up in comparison to the Fiat, then it potentially creates a new party that has a lot of funding behind it. And there could be, well, I still think it's a ways away. But I do, I mean, I want to be respectful for your time. We're at this 40 minutes. And there's one topic that I still want to talk about.
Starting point is 00:41:51 And you recently joined a company by name of digital commodities. And you are their Bitcoin strategist. Side note. Are you supposed to do an ad right now? You know, I'll do that right now. I was going to wait a little bit, but it's a good idea. We do it, so we don't interrupt the flow after. 256heat.com.
Starting point is 00:42:11 Look, if you are in Canada or other cold parts of the world and you need to heat your home, one way you could do it is you could go to 256heat.com and purchase one of these Bitcoin heaters. And with that, you will be heating your home with electricity and earning sats at the same time. You'll be securing a Bitcoin network. You'll be earning KYC free sats. And you're heating the area of the home that needs to be heated up all at the same time. And these miners slash heaters that are being sold by 256heat.com are the ones that you can plug in at 2.20 or 120 volts.
Starting point is 00:42:47 So you don't have to have any special thing. You can just simply plug it in 1,400 watts, 700 watts, or more than that, your choice. So you don't have to have some crazy setup. You could just simply plug it in next to your Xbox, next to your PlayStation, or even have it into your bedroom because it's so damn. quiet, that you just sleep next with. Joey, in fact, has it running behind him when he's doing the podcast, and we can't hear it because these devices, they're quiet, and they pump out pretty good hash rate, upwards of 40 plus tar hash per second. On 120 volts, not too bad. Check them out, 256heat.com. All right, Nick, back at it. Let's talk about your role as a Bitcoin
Starting point is 00:43:29 Strategist. This is a publicly traded company, by the way, and it's traded under the ticker D-I-G-I on the C-S-E. Talk to me about this. Like, what happened? How did they approach you and how did you get in? Well, I heard about Braden, the CEO, through someone on X, through Bitcoin or on X, said, hey, there's this company called Digi. They seem to be doing cool things, getting into Bitcoin, transitioning from, you know,
Starting point is 00:43:57 commodities as a whole to just honing in on Bitcoin first and gold. So I reached out to Brayden and he was and he's the CEO, founder and CEO, it's actually pretty rare to have a founder-led company these days. Most smaller companies at least just have a CEO installed and they don't really give a shit about the company. If it fails, they go on to the next thing. So I heard about him. I saw that he had written a book called Money Mind. So I bought the audiobook. I was pleasantly surprised that he was, he read his own book and had some wild stories of living through the the cannabis boom and, you know, the crazy capital markets rally bring in, you know, million-dollar companies to billion-dollar companies.
Starting point is 00:44:39 And it was just kind of crazy. It was a really good listen. It wasn't a theoretical listen about money. It was really from the perspective of money, being wealthy as a mindset. He spent a long time, you know, his whole story is great. So I highly recommend money-mined, the book, whether you buy it on Amazon or you listen to the audiobook. it's really good. I'll give you an appreciation for Braden and his story and how he came to be who he is. So I listened to that and I was like, this is, this guy's cool and his company looks
Starting point is 00:45:08 cool and there's some things I didn't like. You know, he had like XRP on the website or something like that. And so I was like, hmm, I'll see if I can reach out to this guy and just, you know, I was looking for potential investments. Like I think there's an important delineation to make with saving and investing. Saving is the risk-free way of preserving your time. you're not taking on any risk you're just putting your time into something that preserves it and the risk-free rate now the bitcoin exists is 40 plus percent per year a compound annual growth rate which is shocking i still personally feel that there's space to invest and investing means accepting some risk in order to generate a return superior than the than the um risk-free rate of
Starting point is 00:45:48 saving right it's not a big percentage of my whole portfolio maybe five percent but i like the idea of finding companies that I agree with and align with on value and on values and principles and companies who could potentially outperform Bitcoin by leveraging capital markets and arbitraising the difference between cost of borrowing and return of Bitcoin. That's what strategy is doing. That's what all these Bitcoin treasury companies are doing. So anyway, reached out to him. I wanted to ask questions about Digi and find out like, what's the direction of the company?
Starting point is 00:46:18 Are you going Bitcoin, all in on Bitcoin? If yes, great. If not, why not? All that kind of stuff. had an hour conversation with him and was sort of like, yeah, I'm, you know, I'm a Bitcoiner. I love Bitcoin. I'm Bitcoin first. If you ever need, you know, someone to help with Bitcoin strategy, I'm available. And it sounds like it would be a fun project to work on. So anyway, we went back and forth. It ended up being that he offered me the position of becoming the Bitcoin
Starting point is 00:46:45 strategist for Digi that effectively started August 1st and we're only August 27. So it's like, you know, three and a half weeks I started. So it's a lot of, consuming information, getting oriented, learning how all this works, learning the nuances of, you know, making a post on X and, you know, not pissing off legal and compliance by making forward-looking statements. So, so this is all new to me. And it's a bit of a change for you because you've been very abrasive in the past with some of your posts. I mean, I can still be abrasive. I just can't speak on behalf of the company and say we're doing shit that, you know, we can't promise that I, you know, I'm not allowed to say. So anyway, a bit of an adjustment.
Starting point is 00:47:24 But I would be studying and researching Bitcoin treasury companies in my spare time anyway. I study Bitcoin on a weekly basis. And so now I literally get paid to do those things. And I get to do it alongside of a CEO who is available, who is transparent, who has strong moral and ethical grounding. And who is who is gradually coming to the realization that Bitcoin is it. Bitcoin is the thing. You know, he's a gold bug. He understands hard assets.
Starting point is 00:47:53 he understands security analysis and investing and he takes a pretty low time preference and he's interested in building a long-term company he's not just doing this to make an announcement get a pump cash-it like he's not that kind of person um so yeah that's what i do i basically research everything going on in the space of bitcoin treasury companies all this this novel industry that strategy that sailor and strategy blossomed for and a bit years ago is totally new new metrics right Like traditional, I come from a background of value investing. My grandfather taught me about value investing pretty young because when I was 15, I got a job, was making a good amount of money, was pissing it all the way and wasting it.
Starting point is 00:48:33 My grandfather was like, listen, you need to learn about value investing. He was deep in value investing and made most of his money after selling his electrical company in value investing. I read Benjamin Graham's intelligent investor. I learned, you know, I read Buffett's annual shareholder letters and really was fascinated with security analysis like how do you actually research and investigate a company and a business to see whether it's a good place to put your money or not because you're not doing that you're just gambling and hoping and speculating and i learned pretty quickly that's a really easy way to lose all my money so i started taking it seriously and i gave me a good foundation to sort of assess um
Starting point is 00:49:13 to to be able to value a company and then when the bitcoin treasury you know model came out I was like, oh, shit, there's all, this is an uncharted territory. There is new metrics coming out all the time. MNAV, VTC yield, P bid, all these things. And it's like, this is exciting. This is literally, you have TradFi and then blossoming, you have BitFi. And Bitcoin Finance is a new world coming into steel Tradfai's lunch, coming to swallow all the world of finance.
Starting point is 00:49:44 And we're at this really unique time in history where we are literally living, through the emergence of that. It's very exciting. Very exciting for me. And as someone who wants to look for companies that I want to, you know, at the end of the day, investing in a company is done with the expectation of making a return and with treasury companies, with the expectation of making a return that is higher than the return of Bitcoin, which is quite difficult. But they are out there and it can be done. But the other fundamental part is I want to vote for people and companies doing awesome things to accelerate the irrelevance of fiat. And so it's like a moral vote.
Starting point is 00:50:20 It is done to make a profit, but it's also just done as a vote to say, I like what you're doing. I like the reason you're doing it. And I like that you are powering Bitcoin up and depowering Fiat through this transformer that you're designing. And now I get to be part of one of those teams in Canada. And I'm learning a lot about Canadian capital markets. And I'm learning a lot about publicly traded companies and how that whole thing works because it's a whole different world. You know, even as someone who is pretty literate in security analysis, this is an entirely new world now that I see the inside of it and how it works and the seasonality of finance, financial
Starting point is 00:50:56 markets I find really curious. As a Bitcoin, I have a very low time preference. Like, I'm not, I'm really not affected month to month. Frankly, I don't give this shit as an investor, but the Fiat price. What I care is Sats per share. If the Fiat price cuts in half, but the amount of Sats doubles per share, I'm happy. I think it's just a bargain. I can spend less Fiat to get the same amount of stats per share. Now, as someone who works for Digi, there is a consideration
Starting point is 00:51:23 for the Fiat price. But it's secondary to the stats per share, at least in my perspective as Bitcoin strategist. And I think creating a company that appeals to Bitcoiners, you know, I don't have a judgment as to whether or not people should invest or not.
Starting point is 00:51:39 That's their personal decision. I don't think there's any substitute for sats and cold storage. I think if you're investing and you haven't saved sats and cold storage, you're doing things the wrong way. You should have sats and cold storage first and make an educated decision about how much you want to invest. And if you even want to invest, if you want to take more risk to achieve a higher return. Some people say, why would you want a higher return? 40% of year is insane. I agree. But I'm also not going to get mad at someone who's like, yeah, I want to take 5% of my wealth and make educated bets on companies that could potentially
Starting point is 00:52:13 I'll perform Bitcoin because the only thing better than Bitcoin is more Bitcoin. And I wouldn't do it with all my stack. But I think it's a very interesting time if you feel like researching and looking into this and if you are interested in security analysis. And so yeah, now I get to be part of it. And I'm very grateful for the opportunity. And I hope more, more OG. I mean, I wouldn't call myself an OG, but I am a Bitcoiner. I am a hardcore Bitcoiner. Like I'm intolerant to fiat i think i want fiat to disappear it's the biggest parasite in society it's the worst thing that's ever happened to the world and i think bitcoin is making it obsolete and if i if i can be part of a team that is accelerating the obsolescence of fiat i'm going to take that opportunity
Starting point is 00:53:00 10 times out of ten here's an interesting idea you know what before we get to that interesting idea so digital commodities capital corp they hold bitcoin but also gold and silver right so they're hard money not just in the physical sense but also in a digital sense and so now they've started taking this approach of acquiring and holding on the bitcoin one of the things that is talked about a lot on bitcoin twitter or bitcoin x is the custody of the bitcoin and uh if indeed they actually hold it so it's digi are they using a third party to custody of their bitcoin or are they self custody and what's to do you know what the rationale for the decision that they made yeah there's not really i'm just going to turn this light on yeah it's dark in here yeah it's getting a little
Starting point is 00:53:52 bit late in the day and uh it's that time of year where light it's uh at a premium yeah so we're studying proof of reserves uh-huh we want to look into it and the tradeoffs being made and i know you know sailor initially when he was asked about it was basically shrugged off said look, we have literally the gold standard, which is a full audit, comprehensive with all liabilities, better than proof of reserves. And it's the gold standard for a publicly traded company. So, like, why do we care about sharing our wallet addresses if we are literally getting giant accounting firms to do a, you know, publicly traded company grade audit on our books regularly? And I think that was a fair, that was a fair statement. I also think that the people who say
Starting point is 00:54:39 you should show your wallet addresses may not fully understand all the trade. off security, safety, all that kind of stuff that's involved when you have billions of dollars of Bitcoin. So, you know, some people, some of the Bitcoiners like to whine and complain about shit, they don't even understand. But I also think the last time Sailor was asked about, he said, we're studying it. And to me, that means he's interested in doing it. Doesn't know how the best way of doing it yet, but he's probably going to do it. Probably because he cares about it. And I think when he does it, it becomes gold standard. And if you're not doing it, you're going to be looked at in a very suspicious way. So I think it's going to, I think there's going to be an inflection point where right
Starting point is 00:55:14 now not very many people are doing it. There is a way to do it in a safe way where you're not divulging sensitive information that could put the company's assets at risk. In Canada, as a publicly traded company right now, there's very limited choice in who you can use. You have to use a regulated compliant custodian, which means that there's really not much choice. I also think it's an evolving landscape. And I think there's room to evolve and improve. And I think there's going to be a gold standard that emerges. Like, for example, multi-institution custody, being pioneered by the people at OnRamp is super interesting. Anchor Watch has these Trident Vaults, which are insured and leverage the power of multi-sig cold storage. So I think we're still in this emerging industry
Starting point is 00:56:07 where technology is evolving, protocols are evolving, understanding of this asset and how to optimally custody is evolving, I think shareholders of Bitcoin treasury companies have demand a higher level of transparency. And I think it will do well for companies to meet that desire and demand by pushing the limits of what's possible and bringing things closer to transparent custody and proof of reserves being the standard. So right now it's still young. There's not much choice, especially with Canadian security's loss. But it's evolving. And, you know, part of my job is doing deep research to find out, like, how can we do this in a way that aligns with Bitcoin and a way that is compliant with securities laws? So I just wanted to go back a little bit. I just want some clarity on one point.
Starting point is 00:57:02 You were saying when, if you're going to use because of the laws as a public trade company, you have to use one of the qualified custodians to custody or Bitcoin. Does it mean you have to use them or is the option to use them or self-custody? Is self-custody an option? Or is that not an option, period, to the best of your knowledge? If you don't know, that's fine, because this is a very complex... I can't speak to it yet, but I think in the relatively near future it would be more clarity about that. Awesome.
Starting point is 00:57:33 I know I'm a big proponent of holding on to your Bitcoin. And I talk about this a lot. And Dewey and I, we butt heads, I think, when it comes to companies that hold on the Bitcoin and how they should be done. I have maybe a utopian way of thinking in terms of the way they should be done. And there's the reality in which they operate. I can respect that. I'm just trying to figure out what are the options available if legally they have the ability
Starting point is 00:57:57 to self-custody. I don't know. Yeah. I mean, multi-institution custody is a, it is an enterprise grade, institutional grade, like billion-dollar institutional grade framework for custodying Bitcoin with multiple keyholders at multiple different institutions that each have their own very stringent protocols and still aligns with Bitcoin, right? Like it's a different set of tradeoffs.
Starting point is 00:58:26 You have self-custody, which is like, I don't know, board members holding fucking cold cards in their, in their underwear drawer? I don't know. Like, it's not that easy or simple when you're stewarding millions or billions of dollars with the Bitcoin. So I think there's like an acknowledgement that this is more complex than most people appreciate. There's really rooms of people that are having, you know, rooms of accountants, lawyers, genius level thinkers that are literally grinding this through modeling and figuring out what is the best way of doing this. So I think it's a process, right?
Starting point is 00:59:03 When you're dealing with big amounts, when you're dealing with the fiduciary responsibility where you have thousands of shareholders that are trusting you to keep this, to steward this wealth. And this is a brand new form of wealth, right? Yeah. And so it's right now, it's very young, but things like multi-institution custody, things like multisig, institutional grade multi-sig vaults that are insured that are all protected by like specific hardware potentially and all have you know very stringent um quorum protocols
Starting point is 00:59:36 of how to actually coordinate a transaction like these all exist they're all emerging and blossoming and i think they're all going to come to a head when we have this you know there will be breakthrough institutional grade custody products that will be available that will pass compliance and that will be used as a gold standard which includes proof of reserve some way to show a proof that you control the keys to those bitcoins without divulging the addresses and without divulging how those wallets are structured so it's already it's already out there right hoseki has developed methods to do that it's who meta planet uses um and i believe bitwise as well so there there are ways of doing it but it's still young it's still emerging and i think again the more
Starting point is 01:00:20 hardcore bit corners we can get on the inside of these companies that are swallowing up bitcoin the more vocal we can all be collectively inside these companies to say we need do this in a Bitcoin-aligned way, which is not giving the Bitcoin to a custodian and praying to God they don't get hacked or someone doesn't steal it. So it's evolving and I'm excited to see where it goes. Boomnast is asking if, and I'm not sure if you can disclose this and just don't just, you know, periodist question. They're not using balance, but I can't disclose. I don't think it would be wise for me to say anything else. Fair enough. One of the interesting things I would love to see and this goes way beyond, I think, the ability that could be executed right now.
Starting point is 01:01:02 But I'm going to plant a seed in your mind for one day. Maybe we could have this actual become a reality redeeming shares for Bitcoin. You know, if there's a company out there that has Bitcoin in a balance sheet, and, you know, with the gold ETFs, you could redeem that. And I know it's just for specific high capital investors can redeem their shares for for gold. But maybe a company that has it under balance sheet, it would be awesome to see if that's possible if you could redeem a share for actual Bitcoin. So just planting this seed as an idea in the future. I think it's closer than you think, Glenn, because they just approved income redemption
Starting point is 01:01:41 for ETS in the United States, if I'm not mistaken. And I believe the first income redemption was just completed. I didn't know that. I know the first part. They approved that. I didn't realize that somebody actually executed. Yeah. I'm pretty sure that was a recent thing. I could be wrong. But Don't trust verify, but I'm pretty sure I heard that from a reliable source. But either way, the, you know, technologically, they got to work that out. And like legally in accounting and tax implications, like it can be messy. But they've already opened the door to it. They've already approved it.
Starting point is 01:02:12 And frankly, I don't think it's that far away and that that far outside the wrong possibility to think that if you want a Bitcoin treasury company, like for example, at Digi, if you go to our dashboard, you will see Bitcoin Sats per Share. you'll also see grams of gold per share because we hold gold. I don't think it's outside the realm possibility for eventually holders of those companies to be able to redeem those shares for the underlying assets, considering those assets are so easy to transfer ownership of, right? Technologically, there's all the, there's all different regulations that are also layer
Starting point is 01:02:44 on top of that that may get cumbersome. And I think over time, hopefully all the bullshit rules get removed so that we just get things down to the essence of this is how it should be done efficiently. So if I was a betting man, I would say that before I die, people will be able to redeem shares of Bitcoin treasury companies by getting SATs sent to their wallet and cold storage. It'll be K.YC, probably. Fair now.
Starting point is 01:03:08 It is right. Let's be honest. You're dealing with a share that is tied to your name. It's all going to be KYC in the end. But I think it's going to happen. I got one last question. We're past an hour here and I wanted to, I'm trying to look at my best time. I'm having fun and I appreciate being here.
Starting point is 01:03:21 So it's all good. Thank you. What's your goal? with Digi because you've been hired on like ultimately what would you like to see achieved under having you part of their team my goal is to be a voice for Bitcoin inside of the company and bring the Bitcoin perspective to the table when discussions are being had and in terms of specific goals my goal is to generate BTC yield and increase hats per share my personal goal is literally just that is generate bTC yield by increasing the amount of
Starting point is 01:03:59 stats per share for every shareholder digi in the long term that's my only mission that's what really i'm getting paid to do that's what you know i was a shareholder did you before i came on to the team like after i first talked to rating i was like this dude's pretty straight up seems to be going a good direction i'm going to buy some shares of digi they were like you know whatever seven cents or something it's like you don't have to buy that many and you can be involved in this story as it unfolds and my expectation as a shareholder is that the team at digi is generating bdc yield is increasing the amount of sotis that i own for each pro rata share that i own of digi and so that's what i expect as a shareholder so as a bitcoin or bitcoin
Starting point is 01:04:45 strategist that's what i'm holding myself to do um and that's my mission And also just to, but I think a big thing underlying all of that, like, that is the tangible concrete mission of like the deliverable that I'm expected to bring to the table. But I think the intangible one is, yeah, be a voice for Bitcoin inside at the table when decisions are being made, right? Suggest ways of doing things that are Bitcoin aligned, that are transparent, that, you know, act in align with. the Bitcoin Protocol that bring Digi into the world of Bitcoin, right? Like running our own node as a company, verifying all our own transactions. Like these are all things that I think are possible to do and that I just want to be a voice to help put those things on the map that maybe wouldn't otherwise be there if they didn't
Starting point is 01:05:41 have a Bitcoin or at the table. Are you going to try to get involved somehow with the Canadian Blockchain Consortium? I'm not sure if you're familiar with them, but they've had some. some dealings interaction with parliament and I think that there's trying to get just some dialogue opened up with Canadian public officials and I'm wondering if if you've had any connection any talks with the Canadian blockchain consortium because I are they Bitcoin only I believe so why I'd have to call the Canadian Bitcoin Consortium what's the blockchain nonsense I I yeah I wish I could answer that
Starting point is 01:06:21 that question. I want the Bitcoin Party of Canada to start. Maybe it starts as an advocacy group that has, you know, that is like a lobbying group to educate politicians. Like maybe, maybe they just raise money and send a copy of the Bitcoin standard every politician with a love letter saying, like, learn about money. It's going to help your constituents. It's going to help Canada. That I can be part of. I don't really want to be part of any convoluted complex organizations that may or may not talk about Bitcoin and sidestep Bitcoin and talk about blockchain and talk about other things. Like, no, no, no, I'm a Bitcoiner. I want the word Bitcoin said. I want the color orange part of the mission. And I want it to be fully focused on funneling all
Starting point is 01:06:59 resources that are collected from the public into forwarding Bitcoin adoption. That is it. Nothing else. Pure focus. Laser focus. That's fair. I see you wearing a Digi hat and it has the color orange for it. So that has not go, did not go unnoticed for me. And it used to be known as the BC Bud Corporation, right? Yes, it was in its previous iterations, it's gone through different tickers. It was the BC Bud Corp,
Starting point is 01:07:29 but it's now focused on a hard asset strategy, Bitcoin first with gold and strategic equity as well. But did you spark one up when you got hired? That's what I want to know. In celebration of getting hired? Yes, of course. And also, you know, there's a lineage here
Starting point is 01:07:47 that you have to adhere to in respect i won't comment on that but i'll let you i'll let you make your own judgments of that very good nick and i appreciate you taking the time to stay overtime on this um i i i just want before we sign off i just want to hand you the baton in case people want to reach out to you and if they have any questions to do with digity if they have any questions to do with health care with stuff like that how could they reach you and uh yeah just uh the floor is yours so you can just talk about what are uh people to talk to could reach out to you nobody caribou on x i'm there pretty regularly um if you're a digy shareholder i host um a weekly general meeting on x it's an x basis weekly general meeting on the
Starting point is 01:08:31 internet w gmi we're going to make it um that's every tuesday 1021 eastern goes for an hour and it's basically 42 minutes of discussion 21 minutes of q and a Braden the CEO usually comes at least he has been at them and I foresee him coming as much as he's able to it's pretty busy dude so yeah if you want to come hang out at X-Bases that is
Starting point is 01:08:56 a weekly thing that I moderate I'm on Noster as well there's a note on the screen here check your Noster DMs I will I'll check my Noster DMs boom dust ready to phase off and ping pong again but that's it nobody caribou and X
Starting point is 01:09:12 you can DM me if you're a shareholder did you come to the WGM be involved and I appreciate you Len I appreciate you doing these podcasts I appreciate you forwarding the message in Canada I look forward to coming on here one day and talking about the orange party of Canada it's going to happen I'm going to put my energy into it when when the time is right I know a lot are the Bikorners who are going to be ready to inject some energy into that and yeah to anyone listening thanks for listening thanks for getting to this point thanks for supporting Canadian Bichhorners podcast it's a bet Joey and Len are awesome humans.
Starting point is 01:09:45 I appreciate you guys. I appreciate you having me on. And I look forward to let's not wait two years until the next one. Agreed. I totally agree. So with that, take care. We'll be back at this on Monday. And that is that.

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