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If you're watching this video, you're going to learn three big things.

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Number one, why saving in a bank can still make you poorer.

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Number two, why Bitcoin isn't just an investment.

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Number three, what you can actually do with Bitcoin today.

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Today's guest is Tom Tom.

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He's a brand new Bitcoiner with some brand new Bitcoiner questions.

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So if you're brand new to Bitcoin,

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Come on inside the world's biggest Bitcoin welcome center for today's show.

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Welcome to Sat Chats, the Bitcoin podcast where we chat about sats.

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Sats are the smallest part of the Bitcoin the same way pennies are the smallest part of a dollar.

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With Sat Chats, we are building the world's biggest Bitcoin welcome center to serve as your gateway to generational wealth.

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So, if you are brand new to Bitcoin, we want to chat about Sats with you.

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Head to satchats.com to grab your slot in the studio today.

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I'm your host, Stuart.

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And I'm your co-host, Anna Bevan.

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And with us today in the studio is 165 TomTom.

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Hello.

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Okay.

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So, TomTom, high school friend.

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High school friend.

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And now again, which is a lot of fun,

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tell us exactly what is holding you back from stacking your first sats.

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I would say what's holding me back is the lack of knowledge.

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I need to learn more about it.

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Is there no fear there?

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There's no fear.

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There's just like, hey, I just don't even know what it is.

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Correct.

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I think what comes to mind is that meme of a guy at a bar telling a girl he is a billionaire,

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and she asks him for a drink, and he says,

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Oh, it's Bitcoin.

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And that's what I think of.

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Okay, okay.

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Like he can't actually get her a drink.

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He can't actually get her a drink.

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Okay, okay.

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And by the way, I'm still working to get the guy on the show,

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one of my old cybersecurity sales buddies, Eric.

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He was in California at a bar a long time ago,

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and he was with a dude who was trying to impress a girl

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that they were both at the bar with or whatever.

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So he bought the girl's drink using Bitcoin and he spent 12 Bitcoin.

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What?

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What?

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He was like, yeah, I got it.

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12 Bitcoin.

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Obviously, the drink was probably $12 to $15 out there in California.

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And so at the time, Bitcoin must have been $1, $1.20, whatever.

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He was trying to impress her.

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Of course, now that's like a $1.2 million drink that he bought.

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Yeah.

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So squadoosh.

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But, you know, when you think of Bitcoin, you're thinking of maybe you can have money, but you can't do anything with it.

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Yeah, and I know you can use it and it's applicable all over.

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So I'm definitely interested.

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Can you remember the first time you heard about it?

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First time I heard about it, I had a friend who loves Bitcoin, has Bitcoin, uses it,

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and has been talking to me about it,

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and I'm just kind of in the learning phase.

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I've heard about it, but, again, don't know a lot.

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So this friend started talking to you when?

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Has this person kind of ramped up recently?

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No, probably five or six years ago.

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Okay, okay.

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And at the time, you're like, what, I don't have time for this?

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or yeah i was just kind of listening yeah okay yeah so do you let's kind of figure out who you

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are are you a saver are you a spender are you an investor are you a gambler you know where what do

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you think your vehicle to making it is right because all of us dream about like getting to

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a point where we can stop working are you going to gamble correctly on the football game are you

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going to be a wall street bro who's constantly checking his phone for reds and greens or or

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what you know yeah i think i'll be a saver and i'll just watch um the ebbs and flows um

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yeah saver i'm a saver too abes would you say you're a saver an investor slash builder

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a gambler i think you know the answer to that question i'm well you know i try to

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I mean, I would say that I'm probably an investor builder.

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Yeah.

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Noise.

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Yeah.

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AD.

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I actually, so I was listening, slight sidebar.

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I'm listening to Lex Friedman's interview with Saif Adina Moose.

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Oh, dang.

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It's like four and a half hours long.

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So good.

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Oh, my gosh.

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So good.

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So good.

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And I'm actually wondering if I could, like, make that count as one of my books because it's four and a half hours.

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Totally, totally.

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And the Michael Saylor one he does is insane as well.

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Oh, dang.

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I love how pointed his questions are.

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That seems so easy, like so simple to ask,

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but he's doing such a great job of asking safety and all these questions.

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But anyway, safety and talks about how investing and saving are not the same thing.

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Saving is actually buying the future and investing is a risk.

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and I was like

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save it

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and blow your mind

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but you don't know who that is yet because you're brand new

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so he wrote the Bitcoin Standard

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and then he not too long ago

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wrote the Fiat Standard

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which I want to read that

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next because I think that's going to be really

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fascinating

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but anyway his whole point is that he

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talks about

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like what

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is money

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and then getting to like why is hard money valuable?

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Why is that not what we have now?

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But again, that's probably way further.

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But I was thinking the whole point of bringing this up

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is not to confuse you or go further than Stuart's line of questioning,

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which is going to be great,

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but is this concept that investing and saving are very different.

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And I love the idea that saving is buying the future,

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which is what we actually think when we say like,

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hey, I'm going to save this and not do, I don't know, not buy the thing now, but I'll save and buy it later.

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So like all the reward points you get at coffee shops, they say like save it for a rainy day.

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Like at this point, I've got like $45 saved up for a rainy day for the coffee shop that I go to.

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And I'm like, I don't know if I want to buy anything right now.

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Like I don't know if I want to pull the trigger and do anything with it because I'm saving.

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I'm buying my future, whatever.

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Mm hmm. Well, that's all really interesting. And a lot of people do talk about like investing in the future.

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But really, like saving is the real investment in the future.

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And investing is like trying to make more of what you got or.

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But but I'm a saver, too, because I don't want to mess with all that business.

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And I ain't got time for all that business either. Right.

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Like I'm a dad. I got two kids from the minute I wake up to the minute I go to bed.

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I'm just working on stuff. Right.

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Yeah.

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What am I going to do?

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Examine a company's financials to determine if it's a good investment?

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Well, let me ask you something.

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What are the options to do with it?

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Because when I think of having Bitcoin, I'm only going to be sitting on it.

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I'm only going to be watching it.

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I'm not going to be tempted to spend it at the mall or buy a car with it.

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I guess I can choose to save or invest it, diverse it.

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What is the bigger question of what can I do with it?

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Okay.

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Actually, that's a good question.

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First, we're going to get you to the point where you want to get some.

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And you understand that hanging on to it, simply to hang on to it, is the galaxy brain move.

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Then we can move on to what you can do with it.

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So let's start with that first, if you don't mind that pathway.

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I'm going to give to you.

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And I'm open to it and I'm interested.

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Yeah.

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Okay.

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Yeah.

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So you're a saver.

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How do you save?

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Are you putting dollars in a bank account?

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Yeah.

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Just honestly trying to spend as less as I can.

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I love to spend though.

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Don't get me wrong.

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So you like to buy stuff?

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I like to buy stuff.

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I have zero interest in buying stuff.

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Oh, I love buying stuff.

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I literally can't stand it.

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I love that.

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I love buying stuff with cash.

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But I feel like in the Bitcoin world, it's going to be saving.

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So I'm learning.

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Okay.

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Well, the good news is, too, in my mom's episode, she teaches us that, you know, Bitcoin is for savers.

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Bitcoin is for spenders.

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You can save your money by buying Bitcoin or you can spend your money on Bitcoin and it's saving.

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Yes.

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It's an amazing alchemical substance.

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You get the dopamine hit.

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Yeah.

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You buy the Bitcoin.

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And I do love buying Bitcoin, actually.

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I love buying Bitcoin.

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but I do that automatically

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right on river

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so then I'm abstracted away from that as well

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so anywho

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alright so let's imagine

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you're putting dollars into a bank account

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cool

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if you're anything like moi

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then your bank account

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pays you like a hot

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1% or something

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ridiculously low and not cool at all

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can I add something real quick

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yeah

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that friend

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years ago did talk me into

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buying Dogecoin.

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Yeah.

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Well, there was a point in time where

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Elon Musk was like,

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because I was listening to a Jack Mahler's Mailbag

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Monday. Elon

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Musk was like hyping up Dogecoin

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at one point and was like, dude, this is superior

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to Bitcoin. To the moon or something. Exactly.

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Right. So you did buy some

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Dogecoin. I did. Yeah. How much

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money did you spend

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on this Dogecoin.

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I can pull it up.

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All right, so this is your Robinhood account.

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Yeah.

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All right, and it actually,

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there's an area called Altcoins.

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Mm-hmm.

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All right, now, is this list

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the list of coins that you have?

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Correct.

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So you have Dogecoin, Chainlink, Litecoin,

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Shiba Inu, bro.

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Let's go.

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Let's go.

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God.

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Almighty.

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Asgard.

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Yes.

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And then he, where's Jamie at?

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Where's Jamie's episode?

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And then you have something called compound.

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What in the world?

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What in the absolute world?

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I don't think he knows.

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I was influenced.

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I mean, Doge, if I click on this, I mean, your position, total return, negative 55%.

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Cool.

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Numbers.

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We got Chainlink.

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I love real numbers.

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Real numbers are great.

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Yeah.

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Chainlink, nothing in Chainlink, actually.

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Okay, good job.

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Nothing in Litecoin.

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Okay.

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Nothing in Shiba Inu and nothing.

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Okay, for some reason, they're just on your list.

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So basically, you have Dogecoin.

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All right.

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So it looks like you might have bought a couple hundred dollars worth.

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That's right.

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And now you're down around $150.

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So, bro.

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So it could be worse.

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Could be worse.

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Could I transfer it all into Bitcoin?

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A hundred percent.

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Definitely.

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That's the move?

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Yes, it is the move.

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And it works no matter what the size is.

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00:11:43,360 --> 00:11:44,720
We spoke to another guy.

261
00:11:44,780 --> 00:11:45,420
His name is Jamie.

262
00:11:46,440 --> 00:11:51,340
He put $120,000 into coins like Doge.

263
00:11:51,420 --> 00:11:53,080
One of them was Doge-A-Lon Mars.

264
00:11:53,580 --> 00:11:55,000
Doge-A-Lon Mars.

265
00:11:55,600 --> 00:11:56,700
Doge plus Elon.

266
00:11:56,940 --> 00:11:57,620
Doge-A-Lon.

267
00:11:57,720 --> 00:11:57,980
Yeah.

268
00:11:58,100 --> 00:11:58,420
Mars.

269
00:11:58,620 --> 00:11:58,800
Wow.

270
00:11:59,020 --> 00:11:59,220
Yeah.

271
00:11:59,420 --> 00:12:04,800
And at the time, it was years ago during the crypto craze of 2017 or so, the $120,000

272
00:12:04,800 --> 00:12:05,920
went up to $400,000.

273
00:12:06,500 --> 00:12:08,260
And he was like, I'm the absolute man.

274
00:12:08,940 --> 00:12:11,420
And then he watched it drop to $15,000 total.

275
00:12:11,540 --> 00:12:14,300
He still didn't do, like, what gets me is he didn't do anything about it.

276
00:12:14,340 --> 00:12:18,980
He was like, I sort of counted it off as a loss anyway, so I don't really care.

277
00:12:19,220 --> 00:12:19,360
Right.

278
00:12:19,360 --> 00:12:21,280
He should have recalibrated when he was up.

279
00:12:22,000 --> 00:12:23,820
He should have never done it in the first place.

280
00:12:23,820 --> 00:12:24,060
Correct.

281
00:12:24,260 --> 00:12:26,620
He should have bought $120,000 worth of Bitcoin.

282
00:12:26,980 --> 00:12:30,980
Because if he had bought $120,000 worth of Bitcoin at that time and done literally nothing else,

283
00:12:31,160 --> 00:12:34,060
we calculated that he would have had several million dollars today.

284
00:12:34,140 --> 00:12:34,420
Yes.

285
00:12:34,460 --> 00:12:35,300
At least over a million.

286
00:12:35,300 --> 00:12:38,080
It's like, dude, stop trying to be clever.

287
00:12:38,460 --> 00:12:38,940
All right.

288
00:12:39,440 --> 00:12:45,580
Only a specific person can jump into this world of the crypto casino and do all this insanity.

289
00:12:46,040 --> 00:12:46,560
Right.

290
00:12:46,660 --> 00:12:47,940
And it's not most of us.

291
00:12:48,000 --> 00:12:48,260
Right.

292
00:12:48,780 --> 00:12:49,300
So.

293
00:12:50,720 --> 00:12:51,740
So anyways.

294
00:12:52,880 --> 00:12:59,380
The move there for you, my recommendation would be to sell on Robin Hood your Dogecoin.

295
00:13:00,300 --> 00:13:03,240
You'll get 150 bucks is what it looks like.

296
00:13:03,240 --> 00:13:05,200
And then you can buy some Satoshis.

297
00:13:05,300 --> 00:13:06,780
You can go stack some sats.

298
00:13:06,980 --> 00:13:10,320
You'll probably be able to get like 150,000, 160,000 Satoshis,

299
00:13:11,280 --> 00:13:14,420
which is there's 100 million sats in a Bitcoin.

300
00:13:14,420 --> 00:13:16,380
Same way there's 100 pennies in a dollar.

301
00:13:16,600 --> 00:13:20,560
So you can buy a penny worth of Bitcoin, 10 cents worth of Bitcoin,

302
00:13:20,680 --> 00:13:22,560
$1, $10, $100, $1,000.

303
00:13:23,060 --> 00:13:23,800
It's beautiful.

304
00:13:24,040 --> 00:13:28,440
It can accept any amount, big or small, that you want to put over into Bitcoin.

305
00:13:28,840 --> 00:13:33,620
But let's get to why you should get some Bitcoin as a savings vehicle, all right?

306
00:13:33,620 --> 00:13:35,860
just because it's a good savings vehicle.

307
00:13:36,260 --> 00:13:38,540
Then we'll talk about what you can do with it,

308
00:13:38,580 --> 00:13:39,620
which is actually quite a bit.

309
00:13:39,840 --> 00:13:40,040
Yeah.

310
00:13:40,160 --> 00:13:42,360
And we're planning to do some heat this year as well,

311
00:13:42,420 --> 00:13:42,960
which we'll get to.

312
00:13:42,960 --> 00:13:48,200
So the savings account.

313
00:13:48,360 --> 00:13:49,500
All right, let's go back there.

314
00:13:49,620 --> 00:13:49,960
Good job.

315
00:13:50,200 --> 00:13:52,800
You're putting money aside for the future

316
00:13:52,800 --> 00:13:54,420
and the bank is hanging on to it

317
00:13:54,420 --> 00:13:56,960
and they're giving you like 1%.

318
00:13:56,960 --> 00:13:59,840
Maybe if you put it into like their money market

319
00:13:59,840 --> 00:14:03,120
or whatever, you get 3% or 4%.

320
00:14:03,120 --> 00:14:07,200
I think my checking account gets like 0.01% or something like that.

321
00:14:07,920 --> 00:14:08,400
Nothing.

322
00:14:08,960 --> 00:14:09,960
Nothing, right?

323
00:14:10,380 --> 00:14:23,563
So let say you put 10 dwillers for the future Love that The bank like cool thanks for letting us make 6 off of this right

324
00:14:23,603 --> 00:14:29,303
So we made $600 as a bank just for hanging on to your $10,000.

325
00:14:30,303 --> 00:14:32,583
You get 1%, right?

326
00:14:32,663 --> 00:14:33,823
So you get $100.

327
00:14:34,383 --> 00:14:36,003
So now you have $10,100.

328
00:14:36,563 --> 00:14:37,783
And you're like, okay, check it out.

329
00:14:38,343 --> 00:14:39,203
I'm saving.

330
00:14:39,203 --> 00:14:48,063
Meanwhile, the government has printed $2 trillion additional dollars, right?

331
00:14:48,143 --> 00:14:51,503
Because they collect $4 trillion in taxes each year.

332
00:14:51,723 --> 00:14:57,003
They spend $6 trillion each year on stuff.

333
00:14:57,983 --> 00:15:00,743
And actually, the largest thing they spend money on, do you know what it is?

334
00:15:01,043 --> 00:15:01,603
Glitter.

335
00:15:02,263 --> 00:15:02,643
Glitter.

336
00:15:03,523 --> 00:15:04,583
Ooh, I love that.

337
00:15:04,623 --> 00:15:06,003
I mean, that's basically what they're spending it on.

338
00:15:06,063 --> 00:15:07,923
They're spending it on the interest on their debt.

339
00:15:07,923 --> 00:15:12,503
we spend more money each year the single our single biggest expense as a country is

340
00:15:12,503 --> 00:15:18,983
interest on our country's debt it's not even defense anymore it's not even health care anymore

341
00:15:18,983 --> 00:15:26,643
it's not social security dodd it's interest pay not even the principal dog we ain't even paying

342
00:15:26,643 --> 00:15:33,643
down the principal dog that's on the that's the interest so and these guys are telling us what to

343
00:15:33,643 --> 00:15:40,783
do with our money oh my god so short story long what they tell you is hey you know the cost of

344
00:15:40,783 --> 00:15:47,023
living has increased two to three percent and that's a we that's our our target is two percent

345
00:15:47,023 --> 00:15:52,603
your target is two percent so like that's like that's like a doctor saying

346
00:15:52,603 --> 00:15:57,503
my target is for you to operate around 99.9 degrees

347
00:15:57,503 --> 00:16:05,823
like your body's supposed to be 98.6 degrees. Why would a slight fever be the correct choice?

348
00:16:06,203 --> 00:16:11,943
Why would operating around the clock with a slight fever be the correct choice for a human body?

349
00:16:12,483 --> 00:16:21,043
Somehow the economy needs to be just a little bit not good in order to be good. Anyways,

350
00:16:21,043 --> 00:16:25,723
So let's imagine that they are telling the truth.

351
00:16:26,203 --> 00:16:33,983
Well, dude, you just lost because you earned 1% by saving in a savings account, but things

352
00:16:33,983 --> 00:16:35,803
are now 2% to 3% more expensive.

353
00:16:36,243 --> 00:16:37,603
So you just fell behind.

354
00:16:37,863 --> 00:16:39,863
And quite frankly, those aren't the numbers.

355
00:16:40,023 --> 00:16:44,783
The real numbers are like 7% to 8% to 9% as an average.

356
00:16:44,783 --> 00:16:52,743
you know certain categories like groceries and gas dog 40 50 insanity percent like you're you're

357
00:16:52,743 --> 00:17:01,903
you're you're you're basically trying to deal with this like rising levels of water you know

358
00:17:01,903 --> 00:17:06,403
in a tube you're you're you're kind of trapped in a canister and the water's just going up

359
00:17:06,403 --> 00:17:12,263
and you're trying to stay up above it but it's going to you're going to get underwater eventually

360
00:17:12,263 --> 00:17:21,423
Right. So saving in America doesn't work if you are saving in U.S. dollars.

361
00:17:21,863 --> 00:17:25,583
It just does not work. Period. The math. Just mathematically. Correct.

362
00:17:25,743 --> 00:17:31,763
I mean, anybody can look at that. Yeah. So people figure out, OK, what should I do?

363
00:17:31,763 --> 00:17:43,603
and some people become investors but it's like a degenerate form of investing where you know

364
00:17:43,603 --> 00:17:52,483
they're on robin hood trying to like run game stop up to the moon or there's just full-on gambling

365
00:17:52,483 --> 00:18:01,783
activity where and who was i talking to oh we did a new year's day mahjong over at my wife's

366
00:18:01,783 --> 00:18:08,883
girlfriend's house i absolutely had no desire to be around anybody husbands were invited yeah there

367
00:18:08,883 --> 00:18:14,523
was a husband table and a wife table wow and the four of us husbands sat down i was like look boys

368
00:18:14,523 --> 00:18:18,803
not a single one of us wants to be here hanging out with each other that's good awareness right

369
00:18:18,803 --> 00:18:20,603
Like, let's just acknowledge that.

370
00:18:20,623 --> 00:18:23,623
Well, that sort of speaks to the whole, like, you guys don't really want to be friends.

371
00:18:24,123 --> 00:18:24,443
No.

372
00:18:24,643 --> 00:18:24,843
No.

373
00:18:25,083 --> 00:18:26,243
Some of these dudes, I'm like, what's your name?

374
00:18:26,263 --> 00:18:26,943
I already forgot it.

375
00:18:27,483 --> 00:18:28,383
I already forgot it, dude.

376
00:18:28,623 --> 00:18:29,183
We're not friends.

377
00:18:29,303 --> 00:18:30,763
I got my friends, dude.

378
00:18:30,903 --> 00:18:31,483
I got my friends.

379
00:18:32,163 --> 00:18:34,523
And then there's a guy being like, why is this guy talking to me right now?

380
00:18:34,923 --> 00:18:35,243
Exactly.

381
00:18:35,623 --> 00:18:35,903
Exactly.

382
00:18:36,263 --> 00:18:37,503
He's like, I just want to drink.

383
00:18:37,503 --> 00:18:38,463
Dude, they're so fascinating about this.

384
00:18:38,523 --> 00:18:39,503
This is so interesting.

385
00:18:39,683 --> 00:18:41,203
But then the wives are like, y'all make it work.

386
00:18:41,663 --> 00:18:41,983
Exactly.

387
00:18:41,983 --> 00:18:46,343
Because we want y'all to be around us, but not playing with it.

388
00:18:46,443 --> 00:18:46,883
I'm like, dude.

389
00:18:47,023 --> 00:18:47,663
Oh, my God.

390
00:18:47,783 --> 00:18:48,003
It's like.

391
00:18:48,803 --> 00:18:50,423
If you didn't have the one thing I wanted.

392
00:18:51,943 --> 00:18:54,463
So the guy at the table.

393
00:18:57,443 --> 00:18:59,103
Meaningful companionship over time.

394
00:18:59,663 --> 00:19:02,983
He was like, dude, check out all my sports bets.

395
00:19:03,543 --> 00:19:05,083
That's a classic move, dude.

396
00:19:05,083 --> 00:19:09,463
Because there was a sports ball game on the screen.

397
00:19:09,983 --> 00:19:10,623
Could have been basketball.

398
00:19:10,763 --> 00:19:11,683
I couldn't tell you.

399
00:19:12,363 --> 00:19:13,123
Stewart's great with sports.

400
00:19:13,143 --> 00:19:15,143
You either have to lean in or lean out when they're.

401
00:19:15,143 --> 00:19:24,463
so so i i had actually been like on in rest mode for the for the because we anna bevan and i busted

402
00:19:24,463 --> 00:19:30,203
butt in december and like i went out into the holiday season i was just like i was steaming

403
00:19:30,203 --> 00:19:36,423
dude i was like i was absolutely toast so i hadn't been talking about bitcoin at all

404
00:19:36,423 --> 00:19:41,883
and i had just been kind of chilling and doing the holidays whatever this dude pulls out his phone

405
00:19:41,883 --> 00:19:46,563
He's like, see, I need this team to do this thing in this moment.

406
00:19:47,803 --> 00:19:50,723
It's not even betting on the outcome of the game anymore.

407
00:19:50,803 --> 00:19:53,223
It's like betting on individual elements of the game.

408
00:19:53,363 --> 00:19:54,263
I'm like, dude, so degenerate.

409
00:19:54,423 --> 00:19:55,083
That's why I got out.

410
00:19:55,323 --> 00:20:03,003
Dude, it sparked, and I was like, guys, why would you ever spend money on sports gambling when you can just buy Bitcoin?

411
00:20:03,663 --> 00:20:06,343
And the women's table, they go, oh, here we go.

412
00:20:07,463 --> 00:20:07,963
What?

413
00:20:08,363 --> 00:20:10,263
Because Stuart's always talking about Bitcoin.

414
00:20:10,263 --> 00:20:18,803
I'm like, hey, if we were suffering from a bacterial infection and I said, y'all, there's penicillin, would you roll your eyes at me?

415
00:20:20,083 --> 00:20:23,043
It's like I'm talking about the solution to the problem.

416
00:20:23,483 --> 00:20:26,223
Why is this annoying you, right?

417
00:20:26,683 --> 00:20:27,863
Why is this annoying you?

418
00:20:27,863 --> 00:20:31,343
Because I think it's not sexy when you – after the game, they win.

419
00:20:31,523 --> 00:20:33,083
They're getting the 300 bucks or whatever.

420
00:20:35,263 --> 00:20:37,403
It's also more socially acceptable, I think.

421
00:20:37,403 --> 00:20:39,303
there's like I definitely

422
00:20:39,303 --> 00:20:41,443
am getting the whole like my family

423
00:20:41,443 --> 00:20:43,343
is like can we be done with this like are you

424
00:20:43,343 --> 00:20:45,463
why is everything a bitcoin conversation

425
00:20:45,463 --> 00:20:47,463
I've like tried to use different

426
00:20:47,463 --> 00:20:49,383
words like hard money

427
00:20:49,383 --> 00:20:50,603
or

428
00:20:50,603 --> 00:20:53,543
like that's going

429
00:20:53,543 --> 00:20:54,663
over really well

430
00:20:54,663 --> 00:20:57,443
yeah or

431
00:20:57,443 --> 00:20:58,943
like if they didn't like

432
00:20:58,943 --> 00:21:01,423
print more money we wouldn't

433
00:21:01,423 --> 00:21:02,523
really have this problem

434
00:21:02,523 --> 00:21:04,823
that's also going over well

435
00:21:04,823 --> 00:21:11,023
but it's just trying to find other ways to talk about the same problem uh yeah but i think sports

436
00:21:11,023 --> 00:21:15,643
gambling is sort of like there's a there's a community aspect around it because if you

437
00:21:15,643 --> 00:21:21,703
if you lose another person also loses you can like bond in the loss like you're not really

438
00:21:21,703 --> 00:21:30,623
bitcoin buying bitcoin is a very individual thing sports betting is a yes you do it individually

439
00:21:30,623 --> 00:21:33,723
but it's also like a community thing.

440
00:21:33,943 --> 00:21:34,783
Yeah, and it's not glamorous.

441
00:21:35,083 --> 00:21:38,163
You know, you're throwing one brick on the pile at a time.

442
00:21:38,683 --> 00:21:41,363
And there aren't any fireworks.

443
00:21:42,123 --> 00:21:42,203
No.

444
00:21:42,203 --> 00:21:45,523
You know, there isn't any dinging or celebration on the phone.

445
00:21:45,663 --> 00:21:48,663
There's no rush of chemicals from the brain.

446
00:21:48,863 --> 00:21:50,343
It's just slow and steady.

447
00:21:50,623 --> 00:21:55,363
And it really only means something over time.

448
00:21:56,303 --> 00:21:58,083
And most people don't have that.

449
00:21:58,943 --> 00:21:59,383
Yeah.

450
00:21:59,823 --> 00:22:00,763
They're not ready for that, right?

451
00:22:00,823 --> 00:22:03,323
So some people invest.

452
00:22:03,443 --> 00:22:04,963
Some people gamble.

453
00:22:05,343 --> 00:22:09,763
Other people try to find somewhere to put their money where it's not going to get destroyed.

454
00:22:10,043 --> 00:22:11,863
So they buy a second home.

455
00:22:12,383 --> 00:22:14,443
And they're like, a home is a good investment.

456
00:22:15,603 --> 00:22:20,303
You know, the government can't print homes as quickly as they print money.

457
00:22:20,923 --> 00:22:21,323
Right?

458
00:22:22,243 --> 00:22:22,643
Right?

459
00:22:23,123 --> 00:22:25,823
And as soon as we get 3D printers in the mix, they'll probably...

460
00:22:25,823 --> 00:22:26,763
Yeah.

461
00:22:27,063 --> 00:22:28,823
I mean, we're kind of close.

462
00:22:29,383 --> 00:22:29,683
Right?

463
00:22:29,743 --> 00:22:29,943
Yeah.

464
00:22:30,423 --> 00:22:34,223
So then, like, homes become monetized.

465
00:22:35,263 --> 00:22:39,303
And, like, you're paying for more than just the roof and the walls and the doors.

466
00:22:39,303 --> 00:22:43,843
You know, like, Raleigh's home prices are insanity.

467
00:22:44,463 --> 00:22:46,003
We moved here in the 90s.

468
00:22:46,243 --> 00:22:49,583
Well, at least my mom moved back here in the 90s with us.

469
00:22:49,823 --> 00:22:56,583
And their home from 1995 until today has increased in value well beyond the actual value of the home.

470
00:22:56,663 --> 00:22:58,683
It's still the same dumb house that it's ever been.

471
00:22:58,683 --> 00:23:02,063
But so so you have options, right?

472
00:23:02,123 --> 00:23:09,023
But but like I'm not going to Robert T. Kiyosaki my way into having passive income through multiple homes.

473
00:23:09,023 --> 00:23:10,263
That's definitely not going to be me.

474
00:23:10,863 --> 00:23:15,003
I'm not going to Wall Street to try to trade the market and be that kind of dude.

475
00:23:15,083 --> 00:23:16,523
That's too high energy for me.

476
00:23:16,843 --> 00:23:19,463
And I I literally cannot gamble.

477
00:23:19,763 --> 00:23:25,783
I am logically incapable of gambling because my brain is like, dude, this is literally not designed to work in your favor.

478
00:23:25,863 --> 00:23:27,983
Like we went to Las Vegas for the Bitcoin conference.

479
00:23:27,983 --> 00:23:31,023
I did not do a, not even like one on red.

480
00:23:31,423 --> 00:23:36,543
I literally, I mentally, for some reason, I'm blessed with the inability to gamble.

481
00:23:36,643 --> 00:23:37,283
I cannot do it.

482
00:23:37,583 --> 00:23:38,323
Even with my son.

483
00:23:38,383 --> 00:23:39,463
My son's like, hey, I bet you.

484
00:23:39,523 --> 00:23:40,483
I'm like, oh, I don't get it.

485
00:23:41,183 --> 00:23:42,603
I don't, I don't, I don't accept that bet.

486
00:23:42,623 --> 00:23:43,223
Stupid generation.

487
00:23:43,263 --> 00:23:43,803
You know what I mean?

488
00:23:43,883 --> 00:23:50,863
Like, so, Lion's going to be counting cards in Vegas, like, talking them.

489
00:23:51,143 --> 00:23:52,063
Yeah, exactly.

490
00:23:52,363 --> 00:23:54,023
Talking to them the whole time.

491
00:23:54,183 --> 00:23:57,103
So, when I look at all my options, my best option is just to save.

492
00:23:57,703 --> 00:23:58,703
It's so easy.

493
00:23:58,783 --> 00:24:01,643
You just don't spend it, and then it's there for later, right?

494
00:24:01,723 --> 00:24:04,603
But we've established that the U.S. dollar is not it, correct?

495
00:24:05,023 --> 00:24:06,783
So then where else can I save?

496
00:24:06,863 --> 00:24:09,803
Some people save in gold, right?

497
00:24:09,863 --> 00:24:11,123
Some people save in silver.

498
00:24:12,003 --> 00:24:13,883
They go to the older form of money.

499
00:24:13,983 --> 00:24:15,483
They're like, this new form of money is not good.

500
00:24:15,943 --> 00:24:17,303
Let me go to the old form of money.

501
00:24:17,743 --> 00:24:19,483
And actually, that's not a bad idea at all.

502
00:24:19,483 --> 00:24:24,363
I talked to a gold bug who was like, yeah, back in the 60s, my dad was a gold bug.

503
00:24:24,363 --> 00:24:30,103
we ran this gold shop and he said yeah yeah i like that he was like every two weeks son i want

504
00:24:30,103 --> 00:24:33,863
you to take a little bit of your paycheck and use it to buy gold he's been buying small amounts of

505
00:24:33,863 --> 00:24:41,283
gold for 60 years how's that done great of course yeah yeah yeah yeah where is he storing his gold

506
00:24:41,283 --> 00:24:48,523
i don't know right like that's that's a little tricky problem number whatever right he's wearing

507
00:24:48,523 --> 00:24:54,243
it in jewelry could be you know what i mean so so so you can there's like older forms of money

508
00:24:54,243 --> 00:25:01,823
right but now there's a newer new form of money it's called bitcoin right and even though

509
00:25:01,823 --> 00:25:09,423
that billionaire from the meme can't buy the girl a drink with his bitcoin he can save up

510
00:25:09,423 --> 00:25:16,183
an enormous amount of wealth and then in today's world convert it over to the money

511
00:25:16,183 --> 00:25:19,823
that is being accepted at the moment that he needs it.

512
00:25:20,263 --> 00:25:23,903
So if you're willing to abstract yourself one layer

513
00:25:23,903 --> 00:25:25,943
from the money you use to buy stuff,

514
00:25:25,943 --> 00:25:30,483
you can save in a form of money that is just flat out superior.

515
00:25:31,483 --> 00:25:33,963
No government controls it.

516
00:25:34,403 --> 00:25:36,983
No single individual controls it.

517
00:25:37,583 --> 00:25:38,943
It's money of the people.

518
00:25:40,183 --> 00:25:43,703
It's run as software on individual computers.

519
00:25:43,703 --> 00:25:50,543
like 25,000 of them worldwide. If you want to shut down Bitcoin because you're a government

520
00:25:50,543 --> 00:25:56,423
that doesn't agree with it, where, where do you shut it down? Right. You got Rome marches to Greece

521
00:25:56,423 --> 00:26:01,723
and says, show me Spartacus, the leader of the slave rebellion. And every single member says,

522
00:26:01,723 --> 00:26:06,523
I'm Spartacus. And they go, it's one of you is Spartacus, you know, it's distributed,

523
00:26:06,723 --> 00:26:13,143
it's decentralized. It's beautiful. It's amazing. Right. And so without getting too far into the

524
00:26:13,143 --> 00:26:21,903
weeds. Bitcoin is a form of digital money that just works. And more and more people are realizing

525
00:26:21,903 --> 00:26:29,763
this to where for the past 16 years, it's gone from being worth nothing to $96,567 a coin.

526
00:26:30,003 --> 00:26:37,203
That's how useful it is as a way to pay one another and store value without needing anyone's

527
00:26:37,203 --> 00:26:42,683
permission and without any other person being able to take it away from us, right? You hear

528
00:26:42,683 --> 00:26:48,883
about people getting frozen out of their bank accounts or debanked or do you, you know, do you

529
00:26:48,883 --> 00:26:53,523
really need $10,000 in cash today? Well, yeah, I do. It's in my account. Yeah. But what do you need

530
00:26:53,523 --> 00:26:58,203
it in cash for? You know, do you need to, can we ask some questions? We don't even have that much

531
00:26:58,203 --> 00:27:06,163
here. Like it's a mess. So, so, um, over the past, and we just did this math over the past nine years,

532
00:27:06,163 --> 00:27:10,983
it has averaged an increase of 222%.

533
00:27:10,983 --> 00:27:13,743
Over the past how many years?

534
00:27:13,943 --> 00:27:14,403
Nine.

535
00:27:14,583 --> 00:27:14,823
Okay.

536
00:27:15,243 --> 00:27:20,183
So each year, each year, 222% increase.

537
00:27:21,503 --> 00:27:23,223
And some people are like, bro, stop being...

538
00:27:23,223 --> 00:27:25,063
Last year, Bitcoin like 71 or something?

539
00:27:25,583 --> 00:27:28,763
Last year, Bitcoin was at all kinds of different prices.

540
00:27:29,863 --> 00:27:32,203
But it was mostly around here.

541
00:27:32,203 --> 00:27:36,023
It hasn't gone up 222% over the past year.

542
00:27:36,163 --> 00:27:39,123
And my wife's always like, stop being a total.

543
00:27:39,383 --> 00:27:40,623
But that's why you get the average.

544
00:27:41,023 --> 00:27:42,323
So like there are outliers.

545
00:27:42,323 --> 00:27:44,363
Like there are years where Bitcoin goes up.

546
00:27:44,663 --> 00:27:45,143
A lot.

547
00:27:45,163 --> 00:27:46,183
Like 500%.

548
00:27:46,183 --> 00:27:46,963
Yeah, yeah, yeah.

549
00:27:47,543 --> 00:27:51,123
And then there are years where like last year didn't.

550
00:27:51,123 --> 00:27:51,963
Just kind of didn't do nothing.

551
00:27:51,983 --> 00:27:52,523
It didn't.

552
00:27:52,583 --> 00:27:52,783
Right.

553
00:27:52,923 --> 00:27:54,683
I think it might have gone down 7%.

554
00:27:54,683 --> 00:27:55,323
It hasn't tanked?

555
00:27:56,103 --> 00:27:57,003
No, no.

556
00:27:57,083 --> 00:27:58,563
Not like the tankings before.

557
00:27:58,703 --> 00:27:58,883
Yeah.

558
00:27:59,003 --> 00:27:59,243
Right.

559
00:27:59,683 --> 00:28:01,283
And again, well, we'll get into that.

560
00:28:01,403 --> 00:28:01,763
Relative.

561
00:28:01,763 --> 00:28:05,723
But over the past five years, it has gone up an average of 50% per year.

562
00:28:05,723 --> 00:28:07,643
So let's not even worry about the 222.

563
00:28:08,023 --> 00:28:10,963
Let's worry about 50% per year for the past five years.

564
00:28:11,003 --> 00:28:12,983
And we get over the past 12 months and hasn't done much.

565
00:28:13,783 --> 00:28:15,603
You know what the dollar has done over the past 12 months?

566
00:28:15,703 --> 00:28:16,343
Gotten worse.

567
00:28:16,943 --> 00:28:20,143
So I'll take the not do much in exchange for not getting worse.

568
00:28:20,563 --> 00:28:23,583
But anyways, compare 50% to 1%.

569
00:28:24,483 --> 00:28:39,266
Like which one of these is a better savings vehicle The one that goes up 1 per year while everything is getting 3 to 9 more expensive Or the thing that goes up 50 per year while everything is getting 3 to 9 more expensive

570
00:28:39,407 --> 00:28:40,447
Yeah, I'm in. That's beautiful.

571
00:28:40,667 --> 00:28:41,207
You know what I mean?

572
00:28:41,286 --> 00:28:41,487
Yeah.

573
00:28:42,347 --> 00:28:46,006
So it doesn't matter what you can do with Bitcoin

574
00:28:46,006 --> 00:28:50,506
because the one thing you want to do with Bitcoin is have some

575
00:28:50,506 --> 00:29:02,247
so that you can protect yourself from the money that we have to use in this country, right?

576
00:29:02,407 --> 00:29:06,826
Like, we don't really get a choice of what money we use,

577
00:29:07,526 --> 00:29:12,286
but I at least have a choice of savings vehicles.

578
00:29:12,707 --> 00:29:15,566
And it turns out Bitcoin, for a million reasons,

579
00:29:15,566 --> 00:29:19,566
that will take you 10,000 plus hours to understand.

580
00:29:20,506 --> 00:29:25,506
is the best of all of those possible savings vehicles.

581
00:29:25,847 --> 00:29:29,806
So let me stop there for a second, check in with you here.

582
00:29:29,887 --> 00:29:30,046
Yeah.

583
00:29:30,847 --> 00:29:32,326
That sounds really good.

584
00:29:32,326 --> 00:29:38,447
I've never heard it explained in a way of such clarity.

585
00:29:38,887 --> 00:29:39,707
Thank you for that.

586
00:29:41,566 --> 00:29:42,046
Atlantis.

587
00:29:43,806 --> 00:29:49,306
And I totally see how it is a much better vehicle.

588
00:29:49,306 --> 00:29:56,566
And what's really cool is, you know, right there from Robinhood, you could start getting some, right?

589
00:29:58,127 --> 00:30:03,766
I don't know what the rules are for Robinhood in terms of what it would look like to get it off of Robinhood into your control.

590
00:30:04,387 --> 00:30:06,526
But it's okay to get started wherever you get started.

591
00:30:06,627 --> 00:30:09,806
I got started on Coinbase, which is like the McDonald's of Bitcoin.

592
00:30:10,707 --> 00:30:14,967
And I got about 100,000 Satoshi strong on there.

593
00:30:14,967 --> 00:30:19,467
And then I was like, uh, I want, this is my Bitcoin.

594
00:30:20,046 --> 00:30:25,727
So you give it to me and I put it into my own little wallet and haven't looked back ever since.

595
00:30:25,867 --> 00:30:30,647
But let's talk a little bit about then.

596
00:30:31,566 --> 00:30:32,286
Well, let me ask you this.

597
00:30:32,347 --> 00:30:36,766
Are you interested in other things you can do with Bitcoin or have we gone far enough?

598
00:30:36,826 --> 00:30:37,487
You're like, dude, you know what?

599
00:30:37,507 --> 00:30:38,467
I'm just going to save in Bitcoin.

600
00:30:38,707 --> 00:30:41,247
Or do you still, do you still have that question?

601
00:30:41,247 --> 00:30:51,927
I think I still have the question, but I think I can rest at saving it is the best.

602
00:30:52,266 --> 00:30:52,447
Okay.

603
00:30:52,687 --> 00:30:52,927
Okay.

604
00:30:53,207 --> 00:30:56,046
Well, now that we've locked that into place, let's push it a little bit further.

605
00:30:56,187 --> 00:30:56,467
Let's do it.

606
00:30:56,467 --> 00:30:56,707
Okay.

607
00:30:57,227 --> 00:30:59,687
So let's go out into the far future real quick.

608
00:31:01,467 --> 00:31:08,367
In the far future, you'll be able to do every single old thing with Bitcoin, period, because

609
00:31:08,367 --> 00:31:10,947
the world will be on a Bitcoin standard.

610
00:31:11,247 --> 00:31:26,907
As soon as all 8 billion people on earth realize that Bitcoin is for them, it's game over for all of the nation state currencies that are swirling around out there in today's world.

611
00:31:27,207 --> 00:31:39,407
You're telling me I can protect myself from your degeneracy as a government simply by buying this stuff that you can't make?

612
00:31:40,007 --> 00:31:40,487
Sweet.

613
00:31:41,247 --> 00:31:42,266
You know what I mean?

614
00:31:42,367 --> 00:31:45,407
No man should work for something another man could print.

615
00:31:45,687 --> 00:31:49,207
Could you imagine working all day for me at my house?

616
00:31:50,586 --> 00:31:58,247
And then when it comes time for me to pay you, I just grab a handful of pine needles and say, here you go, brother.

617
00:31:58,647 --> 00:32:01,046
And you're like, man, that was a lot of hard work.

618
00:32:01,046 --> 00:32:02,867
I'm so glad I made all these pine needles.

619
00:32:03,026 --> 00:32:07,306
But you look around and realize I have like 30 pine trees on my lot.

620
00:32:07,306 --> 00:32:10,127
and I have a never-ending supply of this stuff

621
00:32:10,127 --> 00:32:11,586
and it's completely worthless to me,

622
00:32:11,786 --> 00:32:13,147
but you're busting your butt for it,

623
00:32:13,147 --> 00:32:13,667
that's not cool.

624
00:32:14,347 --> 00:32:15,907
Like if you worked all day at my house

625
00:32:15,907 --> 00:32:16,987
and then I went to my printer

626
00:32:16,987 --> 00:32:18,407
and just pulled out printer paper

627
00:32:18,407 --> 00:32:19,107
and was like, here you go,

628
00:32:19,167 --> 00:32:20,667
here's 60 sheets of blank paper.

629
00:32:20,907 --> 00:32:22,507
Like you did it, brother.

630
00:32:22,786 --> 00:32:23,046
Yeah.

631
00:32:23,207 --> 00:32:24,086
You did it.

632
00:32:24,507 --> 00:32:26,407
That would be ridiculous, right?

633
00:32:26,447 --> 00:32:28,687
So you choose the form of money

634
00:32:28,687 --> 00:32:30,046
that they cannot create.

635
00:32:30,207 --> 00:32:31,627
And that's why you have gold bugs

636
00:32:31,627 --> 00:32:33,806
because the government can't make gold.

637
00:32:34,387 --> 00:32:35,826
All they can do is find it.

638
00:32:35,826 --> 00:32:37,667
Same as the rest of us, you know?

639
00:32:37,766 --> 00:32:38,887
Nobody can make Bitcoin.

640
00:32:39,066 --> 00:32:42,046
All you can do is mine it, work for it.

641
00:32:42,187 --> 00:32:42,687
You know what I mean?

642
00:32:43,107 --> 00:32:46,107
You have to spend energy and computing power to create it, period.

643
00:32:46,286 --> 00:32:52,046
It doesn't matter if you're a person, corporation, government, alien, time traveler, mermaid.

644
00:32:52,747 --> 00:32:53,487
You know what I mean?

645
00:32:55,306 --> 00:32:56,806
Kaiju, you could be a Kaiju.

646
00:32:56,967 --> 00:32:57,507
From Atlantis.

647
00:32:57,727 --> 00:32:59,447
From Atlantis, exactly, right?

648
00:32:59,546 --> 00:33:02,487
Like there's no way except to follow the rules.

649
00:33:03,387 --> 00:33:07,367
So in the far future, everyone has Bitcoin.

650
00:33:07,806 --> 00:33:09,967
I believe the world will be on a Bitcoin standard.

651
00:33:10,867 --> 00:33:13,987
And you will spend Satoshis.

652
00:33:14,247 --> 00:33:14,887
You know what I mean?

653
00:33:14,887 --> 00:33:21,427
Like instead of a Coca-Cola costing $4, it'll be four sats.

654
00:33:21,747 --> 00:33:22,667
You know what I mean?

655
00:33:23,447 --> 00:33:30,487
So it's really cool to stack Satoshis right now because you can get like 1,000 Satoshis for a dollar.

656
00:33:30,487 --> 00:33:38,326
But you can imagine in a far future world, those 1,000 Satoshis having the same purchasing power as $1,000.

657
00:33:38,887 --> 00:33:42,727
So you can kind of like gobble up this future money at a discount.

658
00:33:42,947 --> 00:33:44,447
A crazy insane discount.

659
00:33:45,086 --> 00:33:47,026
Could you sell like your house or your car?

660
00:33:48,586 --> 00:33:49,266
For Bitcoin?

661
00:33:49,347 --> 00:33:49,927
Trade it, yeah.

662
00:33:50,187 --> 00:33:51,826
In the far future or right now?

663
00:33:51,927 --> 00:33:52,306
Right now.

664
00:33:52,647 --> 00:33:53,207
Yes.

665
00:33:53,247 --> 00:33:53,627
Yes.

666
00:33:53,806 --> 00:33:55,167
Technically, yes, right?

667
00:33:55,167 --> 00:33:59,586
since the Bitcoin network allows me to send my Bitcoin directly to you,

668
00:33:59,967 --> 00:34:02,147
you could sell your home directly to me

669
00:34:02,147 --> 00:34:04,266
and I would send Bitcoin directly to you.

670
00:34:04,967 --> 00:34:05,727
Transaction's over.

671
00:34:06,427 --> 00:34:07,066
You know what I mean?

672
00:34:07,147 --> 00:34:10,066
It's just like handing you a $100 bill in exchange for a bicycle.

673
00:34:10,267 --> 00:34:11,066
You got the bike.

674
00:34:11,507 --> 00:34:12,166
I got the $100.

675
00:34:12,527 --> 00:34:13,507
The deal is done.

676
00:34:13,626 --> 00:34:15,407
It's like every Facebook marketplace deal ever.

677
00:34:15,646 --> 00:34:15,827
Yeah.

678
00:34:15,967 --> 00:34:17,767
We don't need a bank to get in the way.

679
00:34:17,887 --> 00:34:19,527
We don't need a credit card company to get in the way.

680
00:34:19,527 --> 00:34:21,827
We don't need an escrow to get in.

681
00:34:21,846 --> 00:34:23,106
We don't need somebody to settle it.

682
00:34:23,166 --> 00:34:24,346
There's no third parties, right?

683
00:34:24,346 --> 00:34:25,887
So you absolutely could.

684
00:34:26,947 --> 00:34:29,527
And some people do sell things for Bitcoin.

685
00:34:30,186 --> 00:34:32,606
Saif Adina Moose sells his book for Bitcoin.

686
00:34:33,666 --> 00:34:38,967
And he sells it for less if you pay in Bitcoin.

687
00:34:39,407 --> 00:34:46,767
It's like $20 in fiat, but it's like $17 worth of fiat in Bitcoin if you pay him in Bitcoin because he knows Bitcoin is more valuable.

688
00:34:47,146 --> 00:34:47,247
Yeah.

689
00:34:47,846 --> 00:34:49,767
So in the far future, you can do whatever you want.

690
00:34:50,487 --> 00:34:52,327
What can you do today with Bitcoin?

691
00:34:52,447 --> 00:34:53,307
All kinds of stuff.

692
00:34:53,307 --> 00:35:00,787
the biggest thing we've been talking about across season two is you can get a loan against your

693
00:35:00,787 --> 00:35:05,566
Bitcoin. This is not something I've ever been able to do in my life because I'm not rich.

694
00:35:06,066 --> 00:35:14,106
But Jeff Bezos or Elon Musk can say, hey, I have an asset. Okay. It's a thousand shares in my

695
00:35:14,106 --> 00:35:22,546
company. Or it's this big tract of land or it's, you know, bars of gold or a home, whatever.

696
00:35:23,307 --> 00:35:33,046
You can go to a company and say, hey, if I give you this asset to hang on to, you'll let me borrow against its value, correct?

697
00:35:33,186 --> 00:35:34,247
And like 100%.

698
00:35:34,247 --> 00:35:35,146
You know what I mean?

699
00:35:35,747 --> 00:35:37,767
We like to call those B-locks.

700
00:35:38,027 --> 00:35:38,507
B-locks.

701
00:35:38,646 --> 00:35:38,967
B-locks.

702
00:35:39,126 --> 00:35:40,927
Bitcoin equity line of credit.

703
00:35:41,066 --> 00:35:42,606
Just like your home equity line of credit.

704
00:35:42,686 --> 00:35:45,546
They say, hey, your home is worth $400,000.

705
00:35:46,027 --> 00:35:48,927
You can't spend your living room at the grocery store.

706
00:35:49,206 --> 00:35:49,427
Yeah.

707
00:35:49,427 --> 00:35:55,846
So what we'll do is we'll give you $200,000 against the $400,000 value of your home.

708
00:35:57,027 --> 00:35:59,086
And then you can spend that at your discretion.

709
00:36:00,807 --> 00:36:07,467
It's a safer loan than an unsecured loan because if something goes sideways, well, the house is the collateral for the loan.

710
00:36:07,646 --> 00:36:16,387
You'll just sell the house, pay off the $200,000, and then you have $200,000 left over to go make a down payment on another home or what have you.

711
00:36:17,646 --> 00:36:19,227
The same is true for Bitcoin.

712
00:36:19,427 --> 00:36:23,387
So Bitcoin is money, but Bitcoin is also an asset.

713
00:36:23,747 --> 00:36:26,287
The same way light is a wave and a particle.

714
00:36:26,646 --> 00:36:28,307
It can be two things at one time.

715
00:36:29,027 --> 00:36:31,767
So you could go and say, hey, I have one Bitcoin.

716
00:36:32,086 --> 00:36:32,546
All right.

717
00:36:32,646 --> 00:36:37,846
And instead of $96,747, thanks to the UTX Oracle, we'll just say it's $100K.

718
00:36:38,507 --> 00:36:41,947
So we could go to a lender like Salt, for example.

719
00:36:43,027 --> 00:36:46,126
Hey, Salt, I have one Bitcoin.

720
00:36:46,467 --> 00:36:47,247
They're like, cool.

721
00:36:47,666 --> 00:36:49,247
You hand them the Bitcoin.

722
00:36:49,427 --> 00:36:55,387
they say it's worth $100,000, you can borrow $50,000, right?

723
00:36:56,887 --> 00:36:59,967
Technically, with SALT, you can borrow like $70,000.

724
00:37:01,367 --> 00:37:05,407
But different lenders have different like thresholds that they're willing to.

725
00:37:06,267 --> 00:37:09,106
So some 30% of the value, some 50, some 70.

726
00:37:09,666 --> 00:37:12,186
Either way, you can get money out of your Bitcoin.

727
00:37:12,427 --> 00:37:13,206
That's what I'm trying to say.

728
00:37:13,387 --> 00:37:15,467
You can get money out of your dang Bitcoin.

729
00:37:15,467 --> 00:37:21,206
And by the way, the sucker goes up 50% per year on average over the past five years.

730
00:37:22,447 --> 00:37:23,626
Yeah, no brainer.

731
00:37:23,867 --> 00:37:31,166
It means that at the end of the year when your loan is due, because by the way, most of these lenders don't charge you monthly interest.

732
00:37:31,287 --> 00:37:34,907
They just record that it has occurred and you need to pay it all at the end.

733
00:37:34,907 --> 00:37:45,686
And they say, hey, listen, you gave us $100,000 worth of Bitcoin last year around this time, and you took out $50,000 worth of cash.

734
00:37:45,927 --> 00:37:49,346
Now you owe us $55,000 because of the interest.

735
00:37:49,706 --> 00:37:50,967
Do you want to pay that off?

736
00:37:51,566 --> 00:38:00,307
Or since your Bitcoin is now worth $150,000 and you can borrow up to $75,000, do you just want to roll it in the next year and get another $20,000?

737
00:38:00,846 --> 00:38:01,566
Yes, I would.

738
00:38:01,927 --> 00:38:15,967
It's that Jeffrey Bezos buy, borrow, die madness where they have an asset and they kind of siphon U.S. dollars out of it as it's growing and they never really ever pay it off.

739
00:38:16,247 --> 00:38:18,126
But they never sell their thing either.

740
00:38:18,247 --> 00:38:19,086
It's insane.

741
00:38:19,606 --> 00:38:25,827
And I've not ever had access to that in my life except for through the HELOC, which is kind of the same but not really.

742
00:38:26,967 --> 00:38:28,767
With Bitcoin now, you can make it happen.

743
00:38:29,626 --> 00:38:33,287
So you could take $10,000 worth of Bitcoin,

744
00:38:33,626 --> 00:38:35,106
give it to a company like Salt,

745
00:38:35,307 --> 00:38:37,807
get $5,000 back, pay your tax bill.

746
00:38:39,586 --> 00:38:41,867
And then next year it's worth $15,000

747
00:38:41,867 --> 00:38:43,767
and you pull out another $2,500,

748
00:38:44,307 --> 00:38:46,247
pay the next tax, like crazy.

749
00:38:46,247 --> 00:38:48,626
You can do that, right?

750
00:38:48,727 --> 00:38:51,467
Yeah, it lets you have your cake and eat it too, I guess.

751
00:38:51,727 --> 00:38:54,947
So you don't have to sell the thing

752
00:38:54,947 --> 00:38:58,106
that you want to buy your future.

753
00:38:58,767 --> 00:39:05,066
And let me tell you an example that Jack Mahlers gave on his most recent episode of Mailbag Monday.

754
00:39:05,527 --> 00:39:07,467
He's the CEO of Strike.

755
00:39:08,487 --> 00:39:11,367
He's like a total Bitcoiner.

756
00:39:12,106 --> 00:39:20,086
He does like a little podcast from this gigantic closet in his house that like my wife would love.

757
00:39:20,367 --> 00:39:23,166
There's like a central bay in it.

758
00:39:23,267 --> 00:39:25,287
There's room for shoes.

759
00:39:25,527 --> 00:39:26,767
There's room for clothing.

760
00:39:26,767 --> 00:39:34,487
like it would be every girl's dream walk-in closet there is literally no items in that closet

761
00:39:34,487 --> 00:39:41,346
because for him nothing is worth more than owning bitcoin he doesn't have anything at all in there

762
00:39:41,346 --> 00:39:47,046
i'm like dude you're the man anyways he has and we need to meanwhile i'm like that seems like a

763
00:39:47,046 --> 00:39:51,546
real big waste of space anna bevin has been exploring strike for us she's been buying some

764
00:39:51,546 --> 00:39:57,527
satoshi's weekly on strike i've been exploring river he's come up with a suite of products where

765
00:39:57,527 --> 00:40:06,787
when you get paid by your employer you can actually have it sent to strike instead of your

766
00:40:06,787 --> 00:40:14,927
bank strike takes the fiat currency which is fiat is basically government money fiat is is

767
00:40:14,927 --> 00:40:19,727
is like a latin word for by decree okay when a government says this is money they're just saying

768
00:40:19,727 --> 00:40:25,846
it's money. It's by decree. They're like, let it be so, bro. Like, okay, I guess these slips of

769
00:40:25,846 --> 00:40:33,186
green paper mean something. So fiat money is government paper. So when you get paid in those,

770
00:40:33,447 --> 00:40:39,646
when you get paid in government pine needles, strike will automatically convert it to Bitcoin.

771
00:40:40,727 --> 00:40:46,487
So you can kind of dollar cost average and fat chunks every two weeks into Bitcoin.

772
00:40:47,166 --> 00:40:49,267
So here's what I learned last night, which is really cool.

773
00:40:49,546 --> 00:40:53,267
Because I knew on strike you could get, you could convert your paycheck into Bitcoin.

774
00:40:53,507 --> 00:40:56,027
Then you can use your Bitcoin to pay all your bills.

775
00:40:56,407 --> 00:40:59,686
Like you hook it into strike and then like, okay, your credit card payment is due.

776
00:41:00,686 --> 00:41:05,927
They'll convert some of your Satoshis back into dollars and pay your credit card.

777
00:41:05,927 --> 00:41:07,947
But now, and this is insane.

778
00:41:08,606 --> 00:41:08,927
Ready.

779
00:41:09,166 --> 00:41:14,407
Now they can automatically create a line of credit off of your Bitcoin.

780
00:41:14,407 --> 00:41:23,206
so you can imagine let's imagine you convert thirty thousand dollars worth of your paychecks

781
00:41:23,206 --> 00:41:29,427
into bitcoin um but this month you have a three thousand dollar credit card bill

782
00:41:29,427 --> 00:41:34,447
instead of selling off three thousand dollars worth of satoshis and now you have twenty seven

783
00:41:34,447 --> 00:41:40,807
thousand dollars left they'll just give you a loan for three thousand bucks off of your thirty

784
00:41:40,807 --> 00:41:46,367
thousand dollars worth of bitcoin and pay it so they basically automate the buy borrow die process

785
00:41:46,367 --> 00:41:53,287
where instead of taking out a loan as a chunk they just kind of scooch it whenever you need it they

786
00:41:53,287 --> 00:41:57,586
just automatically generate a little bit more a little bit more a little bit more it's crazy

787
00:41:57,586 --> 00:42:04,566
balls so last night i was like wait are you telling me it would be possible to buy bitcoin

788
00:42:04,566 --> 00:42:05,767
with my paycheck

789
00:42:05,767 --> 00:42:08,947
and then never spend the money that I earn

790
00:42:08,947 --> 00:42:12,027
because I'm just borrowing against it.

791
00:42:12,586 --> 00:42:16,046
Each time I need to spend the money I've earned,

792
00:42:16,307 --> 00:42:18,287
I automatically borrow against it instead.

793
00:42:19,827 --> 00:42:21,467
If you ever get upside down,

794
00:42:21,727 --> 00:42:24,267
that's money you've already saved.

795
00:42:24,447 --> 00:42:27,787
So you just sell the Bitcoin to get yourself true

796
00:42:27,787 --> 00:42:29,706
and whatever the remainder is, you still have.

797
00:42:29,887 --> 00:42:30,787
And you're back.

798
00:42:31,186 --> 00:42:32,727
That is wild.

799
00:42:32,727 --> 00:42:34,586
And I was like, what?

800
00:42:35,007 --> 00:42:37,346
I was like trying to like handle it.

801
00:42:37,367 --> 00:42:38,447
I was like, what am I?

802
00:42:38,967 --> 00:42:39,686
Where am I?

803
00:42:39,787 --> 00:42:40,267
You know what I mean?

804
00:42:40,307 --> 00:42:41,227
Like, is this real?

805
00:42:41,827 --> 00:42:41,947
Wow.

806
00:42:42,046 --> 00:43:03,970
Is this real Wow Could you imagine that I mean technically you would need to only live off half your income because I believe Strike will only let you borrow up to 50 of the value of your Bitcoin versus Salt will let you borrow up to 70

807
00:43:03,970 --> 00:43:09,750
And they will let it ride up to like 90 or 91 or 91.16%.

808
00:43:09,750 --> 00:43:15,150
and then if it gets to that level where it's getting about to be one-to-one,

809
00:43:16,050 --> 00:43:19,270
they, like, convert it over to a stable coin before you get wrecked.

810
00:43:19,530 --> 00:43:22,190
And then when Bitcoin figures itself out, they, like, put you back.

811
00:43:22,510 --> 00:43:28,150
Anyways, short story long, like, you would need to maybe live at half your, you know,

812
00:43:28,190 --> 00:43:29,010
which I don't know.

813
00:43:29,230 --> 00:43:35,110
As a dad with a wife and two kids, I'm currently not living at one half the money I'm making.

814
00:43:35,110 --> 00:43:48,870
Yeah, so I think that figuring out how to do that, one, it's awesome that there is a way to do that.

815
00:43:49,250 --> 00:44:00,130
It's easing the friction of people doing more with their life in Bitcoin and thinking about more things in Bitcoin terms.

816
00:44:01,130 --> 00:44:03,530
But I wonder what that sample size looks like.

817
00:44:03,530 --> 00:44:05,890
I mean, you're already dealing with a lot of people.

818
00:44:06,150 --> 00:44:13,530
It sounds like he's just trying to keep people on his platform using his tools over like a salt.

819
00:44:13,990 --> 00:44:20,310
Yeah, he's definitely trying to create like a modern bank for the Bitcoin standard, which is nuts.

820
00:44:22,650 --> 00:44:27,010
But point is you can do some stuff.

821
00:44:27,550 --> 00:44:32,250
You can do some incredible stuff that's kind of hard to understand.

822
00:44:32,250 --> 00:44:41,870
But there are people out there that are pushing and pushing and pushing to make it easier and easier and easier for people to do this stuff.

823
00:44:42,030 --> 00:44:45,950
Like we just had a lady on yesterday from a company called Canaan.

824
00:44:46,050 --> 00:44:48,690
This is the last example before we jump over to the hummus.

825
00:44:49,850 --> 00:44:51,490
They make space heaters.

826
00:44:51,910 --> 00:44:55,170
And like when you plug in the space heater to heat your feet, it mines Bitcoin.

827
00:44:55,430 --> 00:44:55,630
Yeah.

828
00:44:56,250 --> 00:44:57,350
And it was quiet.

829
00:44:57,570 --> 00:44:59,390
Like that's the part that I like can't get over.

830
00:44:59,390 --> 00:45:01,770
It was underneath her table.

831
00:45:02,550 --> 00:45:03,650
Couldn't hear it at all.

832
00:45:03,950 --> 00:45:05,190
Dude, get paid to heat your feet.

833
00:45:05,610 --> 00:45:07,590
Actually, that's the first time I ever heard about Bitcoin.

834
00:45:07,770 --> 00:45:08,950
There was a guy heating his house.

835
00:45:09,350 --> 00:45:09,710
Yeah.

836
00:45:10,110 --> 00:45:10,590
With it.

837
00:45:10,910 --> 00:45:12,770
Dude, I totally want to do that.

838
00:45:13,050 --> 00:45:13,790
I definitely want to do that.

839
00:45:13,790 --> 00:45:15,010
Get paid to keep your home warm in winter?

840
00:45:15,150 --> 00:45:15,450
Yeah.

841
00:45:15,530 --> 00:45:16,570
Get paid to take a hot shower?

842
00:45:17,010 --> 00:45:17,190
Yes.

843
00:45:17,190 --> 00:45:19,290
You know how many hot showers I would take if I got paid to take a hot shower?

844
00:45:20,050 --> 00:45:20,410
A lot.

845
00:45:20,610 --> 00:45:23,510
More than the amount I'm currently taking, right?

846
00:45:23,710 --> 00:45:24,010
Okay.

847
00:45:24,630 --> 00:45:31,490
So let's back it all up, though, to the big breakthrough for today.

848
00:45:33,070 --> 00:45:36,970
Even staying away from all the possibilities of Bitcoin,

849
00:45:37,770 --> 00:45:42,190
the single best thing you can do in today's world is save with it.

850
00:45:43,330 --> 00:45:46,270
Because, by the way, I guess if you're converting your paychecks into Bitcoin

851
00:45:46,270 --> 00:45:49,270
and then you're spending against it, it's also increasing.

852
00:45:50,270 --> 00:45:52,770
So you don't necessarily need to live at half your income

853
00:45:52,770 --> 00:45:55,150
because your income is going up by 50% a year.

854
00:45:56,070 --> 00:45:56,510
Insane.

855
00:45:56,950 --> 00:45:58,590
Like, I got to figure this out, dude.

856
00:45:58,590 --> 00:45:59,790
But you got to start that way.

857
00:45:59,930 --> 00:46:02,850
Like, you have to start at the more conservative approach.

858
00:46:02,910 --> 00:46:03,750
Yes, yes.

859
00:46:03,750 --> 00:46:06,450
And then you have to have the ability to be able to flex

860
00:46:06,450 --> 00:46:13,050
when Bitcoin does what it did at the end of last year.

861
00:46:13,310 --> 00:46:14,130
Yeah, yeah.

862
00:46:14,210 --> 00:46:15,830
I definitely believe that.

863
00:46:16,010 --> 00:46:19,310
Me, personally, I'm going to need to start small with my wife

864
00:46:19,310 --> 00:46:24,790
and say, hey, look at the Bitcoin we've already built up over the past two years.

865
00:46:26,290 --> 00:46:29,910
Half of this is the same as our tax bill this year.

866
00:46:30,690 --> 00:46:33,650
Let me, let me, what I'm going to do is I'm just going to put this with salt,

867
00:46:34,010 --> 00:46:36,510
get half back out, pay the tax bill.

868
00:46:38,110 --> 00:46:43,310
Now the money, you know, that the money for that tax bill never left our account

869
00:46:43,310 --> 00:46:45,250
because we borrowed it against Bitcoin.

870
00:46:45,610 --> 00:46:49,030
But this is not at risk because if anything ever happens to it,

871
00:46:49,030 --> 00:46:51,050
It's literally we already have that money.

872
00:46:51,450 --> 00:46:54,170
We would just sell it and get the remainder back.

873
00:46:54,270 --> 00:46:55,230
How do we feel, y'all?

874
00:46:55,750 --> 00:46:56,050
You know?

875
00:46:56,770 --> 00:47:02,190
And then maybe two years from now, I'm just like getting paid in Bitcoin, taking small loans against it as I live on.

876
00:47:02,750 --> 00:47:03,550
Insanity, right?

877
00:47:03,630 --> 00:47:11,090
Like there's a part of Bitcoin that makes you want to dive in with both feet and get all the way down to the bottom because of how powerful and life-changing it is.

878
00:47:11,250 --> 00:47:13,090
But you have to pull back and say, hang on.

879
00:47:13,730 --> 00:47:15,930
How about I try buying $50 a week?

880
00:47:16,770 --> 00:47:17,170
Right?

881
00:47:17,170 --> 00:47:23,410
And we saw recently that if you bought $50 a week, right now,

882
00:47:24,310 --> 00:47:29,990
and Bitcoin went up 80% per year, every year for the next 10 years,

883
00:47:30,210 --> 00:47:35,070
which again, 222% over the past nine, 50% over the past five, you'd choose.

884
00:47:35,690 --> 00:47:36,690
$50 a week?

885
00:47:37,130 --> 00:47:38,510
$50 a week.

886
00:47:38,590 --> 00:47:38,790
Yeah.

887
00:47:40,070 --> 00:47:43,570
Every single week for 10 years, 80% annual growth.

888
00:47:43,570 --> 00:47:52,030
by 2035 you would have 700 million dollars what is that what it comes out to yes yes i think i can

889
00:47:52,030 --> 00:48:00,230
find 50 a week so right even 50 a month over that same time period at 80 growth is 120 plus million

890
00:48:00,230 --> 00:48:08,370
bucks or something 128 128 million like dog what am i even doing forget the gambling app forget

891
00:48:08,370 --> 00:48:10,250
forget Wall Street, bros.

892
00:48:11,070 --> 00:48:15,310
Forget monetizing homes or chasing after gold coins.

893
00:48:15,670 --> 00:48:18,570
I'm just going to buy $50 a month worth of Bitcoin

894
00:48:18,570 --> 00:48:20,890
and see where this sucker goes, right?

895
00:48:21,470 --> 00:48:23,530
Because as it proves itself,

896
00:48:23,630 --> 00:48:25,390
you can get more confident in it.

897
00:48:26,850 --> 00:48:28,690
And you also get more options.

898
00:48:29,630 --> 00:48:30,550
That's really cool.

899
00:48:30,950 --> 00:48:31,150
Yeah.

900
00:48:31,390 --> 00:48:34,590
The possibilities in the future

901
00:48:34,590 --> 00:48:38,230
to actually get out ahead in life

902
00:48:38,230 --> 00:48:38,850
are amazing.

903
00:48:39,210 --> 00:48:41,590
And the possibilities to protect yourself right now

904
00:48:41,590 --> 00:48:43,530
is super dope as well.

905
00:48:43,750 --> 00:48:45,510
So we love Bitcoin.

906
00:48:45,930 --> 00:48:48,930
We also love Ithaca Hummus.

907
00:48:49,310 --> 00:48:49,550
Yum.

908
00:48:49,930 --> 00:48:51,710
Yeah, so this brings us to our

909
00:48:51,710 --> 00:48:55,690
Buy the Dip sponsor, Ithaca Hummus.

910
00:48:55,890 --> 00:48:57,170
And so to...

911
00:48:57,170 --> 00:48:59,910
Here's the contact info for Ithaca Hummus.

912
00:49:00,010 --> 00:49:01,410
It's IthacaHummus.com.

913
00:49:01,650 --> 00:49:02,650
Yes, it is.

914
00:49:02,930 --> 00:49:05,150
So we are going to taste this all together

915
00:49:05,150 --> 00:49:07,070
as an ASMR experience.

916
00:49:07,070 --> 00:49:10,430
and you have selected the...

917
00:49:10,430 --> 00:49:11,530
You can take a real piece.

918
00:49:11,530 --> 00:49:13,490
You can take a man cracker.

919
00:49:13,490 --> 00:49:13,650
I take a small piece.

920
00:49:14,150 --> 00:49:16,070
All the half pieces are hers.

921
00:49:16,090 --> 00:49:16,670
Oh, okay.

922
00:49:16,810 --> 00:49:17,910
And a little bite.

923
00:49:18,130 --> 00:49:18,330
Okay.

924
00:49:18,670 --> 00:49:19,170
Do I need more?

925
00:49:19,530 --> 00:49:20,710
You can have as much as or a little as more.

926
00:49:20,710 --> 00:49:21,930
I mean, in fact, this...

927
00:49:21,930 --> 00:49:24,650
We'll do it all at one time.

928
00:49:24,670 --> 00:49:25,230
All at one time.

929
00:49:25,490 --> 00:49:26,890
I'm going to get a fat glob, dude,

930
00:49:26,950 --> 00:49:27,790
because I love this flavor.

931
00:49:28,050 --> 00:49:28,350
Ready?

932
00:49:28,550 --> 00:49:29,630
One, two, three.

933
00:49:31,490 --> 00:49:31,850
Mmm.

934
00:49:33,410 --> 00:49:33,770
Mmm.

935
00:49:35,490 --> 00:49:35,850
Mmm.

936
00:49:35,850 --> 00:49:37,870
That's immediately delicious.

937
00:49:38,170 --> 00:49:38,570
Mm-hmm.

938
00:49:38,890 --> 00:49:39,330
Wow.

939
00:49:39,690 --> 00:49:40,630
Literally first.

940
00:49:42,270 --> 00:49:43,070
It's incredible.

941
00:49:43,310 --> 00:49:43,910
So good.

942
00:49:44,150 --> 00:49:44,350
Mm.

943
00:49:45,590 --> 00:49:46,850
God, there's some lemon in there.

944
00:49:46,850 --> 00:49:47,530
Man, I was so.

945
00:49:47,610 --> 00:49:48,090
Oh, my gosh.

946
00:49:48,110 --> 00:49:49,190
This mess is a good batch.

947
00:49:49,290 --> 00:49:51,210
That is yum nation right there, dude.

948
00:49:51,250 --> 00:49:51,990
This, we are.

949
00:49:52,510 --> 00:49:52,650
Wow.

950
00:49:52,650 --> 00:49:54,770
This is our gift to you for coming on the show.

951
00:49:54,790 --> 00:49:55,630
Y'all are so sweet.

952
00:49:56,090 --> 00:49:57,810
Yeah, that's your tub right there if you want to go in.

953
00:49:57,810 --> 00:49:57,850
I'd like to go in for another one.

954
00:49:57,970 --> 00:49:58,210
I'd be grateful.

955
00:49:58,350 --> 00:49:58,810
Thank you.

956
00:50:00,230 --> 00:50:01,090
Absolutely freaking delicious.

957
00:50:01,130 --> 00:50:01,790
Have you had it before?

958
00:50:02,070 --> 00:50:02,470
I've not.

959
00:50:03,150 --> 00:50:03,710
Oh, man.

960
00:50:04,070 --> 00:50:04,290
Yeah.

961
00:50:04,290 --> 00:50:05,890
So here in Raleigh, it's everywhere.

962
00:50:06,250 --> 00:50:06,390
Yeah.

963
00:50:07,650 --> 00:50:09,130
Wegmans, Costco.

964
00:50:09,430 --> 00:50:11,470
I think you can get the big tubs of grasa maybe.

965
00:50:11,510 --> 00:50:12,010
Make sure you get that T in there.

966
00:50:12,110 --> 00:50:12,350
Whoa.

967
00:50:12,610 --> 00:50:12,930
Cost.

968
00:50:13,290 --> 00:50:13,630
Cost.

969
00:50:13,990 --> 00:50:15,230
The Cost Company.

970
00:50:15,470 --> 00:50:17,290
You can go down to the Cost Company.

971
00:50:17,450 --> 00:50:17,630
Uh-huh.

972
00:50:17,750 --> 00:50:17,990
Definitely.

973
00:50:19,170 --> 00:50:20,230
Is it at Harris Teeter?

974
00:50:20,370 --> 00:50:20,630
Maybe.

975
00:50:20,730 --> 00:50:20,950
Uh-huh.

976
00:50:21,150 --> 00:50:22,190
Whole Foods for sure.

977
00:50:22,330 --> 00:50:22,490
Yeah.

978
00:50:23,090 --> 00:50:24,150
You can throw a rock.

979
00:50:24,190 --> 00:50:27,230
Everywhere except for Trader Joe's pretty much because they're kind of insular.

980
00:50:27,650 --> 00:50:27,790
Yeah.

981
00:50:27,790 --> 00:50:30,710
I also forgot to ask you

982
00:50:30,710 --> 00:50:34,010
if you would be willing to come back on in nine months

983
00:50:34,010 --> 00:50:35,670
to give us an update on your Bitcoin baby.

984
00:50:36,210 --> 00:50:36,830
I would be honored.

985
00:50:37,350 --> 00:50:37,710
100%.

986
00:50:37,710 --> 00:50:40,510
We're going to get rid of that Dogecoin.

987
00:50:40,950 --> 00:50:41,370
I know.

988
00:50:41,910 --> 00:50:42,950
That Dogecoin is going to be gone.

989
00:50:42,950 --> 00:50:43,710
That's going to be a great update.

990
00:50:44,550 --> 00:50:46,650
It's like a little novelty coin or something.

991
00:50:46,710 --> 00:50:48,330
We're going to sell it off Robinhood.

992
00:50:48,610 --> 00:50:49,350
We're going to buy.

993
00:50:49,470 --> 00:50:51,010
You can just leave the money on Robinhood,

994
00:50:51,150 --> 00:50:52,250
buy some Bitcoin with it.

995
00:50:52,290 --> 00:50:52,990
That'll be better.

996
00:50:53,410 --> 00:50:56,850
That's something you can do at a red stoplight here in Raleigh.

997
00:50:57,090 --> 00:50:57,310
Okay.

998
00:50:57,310 --> 00:50:59,410
Maybe a little more attention than that.

999
00:50:59,410 --> 00:51:00,170
Like a yellow one or something?

1000
00:51:00,510 --> 00:51:00,750
Yeah.

1001
00:51:00,850 --> 00:51:01,050
Sure.

1002
00:51:01,130 --> 00:51:03,750
Just as you're cruising through it, you can be like, ooh.

1003
00:51:04,410 --> 00:51:04,610
Right.

1004
00:51:04,690 --> 00:51:04,890
Right.

1005
00:51:04,970 --> 00:51:05,290
Exactly.

1006
00:51:05,670 --> 00:51:08,110
And then you can explore ways to buy more.

1007
00:51:09,050 --> 00:51:10,390
Maybe it's on River.

1008
00:51:10,630 --> 00:51:11,850
Maybe it's on Strike.

1009
00:51:12,390 --> 00:51:13,730
Maybe it's on Coinbase.

1010
00:51:13,970 --> 00:51:14,910
Maybe it's on Bitcoin.

1011
00:51:15,050 --> 00:51:16,350
Well, whatever.

1012
00:51:16,630 --> 00:51:16,870
Right.

1013
00:51:17,090 --> 00:51:17,730
Just find a bit.

1014
00:51:17,850 --> 00:51:18,530
Crack in.

1015
00:51:18,730 --> 00:51:18,870
Yeah.

1016
00:51:19,030 --> 00:51:20,210
There's a lot of places out there.

1017
00:51:20,390 --> 00:51:20,550
Okay.

1018
00:51:21,050 --> 00:51:21,710
Just stay.

1019
00:51:21,710 --> 00:51:25,890
If the exchange offers you other options, like, hey, yeah, here's your Bitcoin.

1020
00:51:25,890 --> 00:51:28,650
But did you know Doodoo coin is up 1,000%?

1021
00:51:28,910 --> 00:51:29,430
Don't do it.

1022
00:51:29,610 --> 00:51:30,770
Don't go for the Doodoo coin.

1023
00:51:30,870 --> 00:51:31,310
Don't do it.

1024
00:51:31,470 --> 00:51:32,990
There's literally a coin called Fartcoin.

1025
00:51:33,550 --> 00:51:34,610
So don't do it.

1026
00:51:34,970 --> 00:51:35,510
All right.

1027
00:51:35,710 --> 00:51:36,490
Just Bitcoin.

1028
00:51:37,030 --> 00:51:37,170
Yeah.

1029
00:51:38,050 --> 00:51:38,690
All right.

1030
00:51:38,770 --> 00:51:41,470
And so this brings us to another gift.

1031
00:51:41,670 --> 00:51:41,870
Okay.

1032
00:51:42,010 --> 00:51:47,230
We have our Cash vs. Sats giveaway moment brought to you by Salt.

1033
00:51:47,570 --> 00:51:47,770
Wow.

1034
00:51:47,770 --> 00:51:48,290
Yeah.

1035
00:51:48,890 --> 00:51:49,310
I know.

1036
00:51:49,370 --> 00:51:49,930
Very exciting.

1037
00:51:50,090 --> 00:51:51,370
And our very own.

1038
00:51:52,990 --> 00:51:53,830
123 Sean.

1039
00:51:53,910 --> 00:51:54,810
Let's go.

1040
00:51:54,810 --> 00:51:56,130
She's getting it.

1041
00:51:56,690 --> 00:51:58,350
I thought you just like saying that part.

1042
00:51:59,070 --> 00:51:59,450
I do.

1043
00:51:59,650 --> 00:51:59,890
I do.

1044
00:52:00,250 --> 00:52:00,350
Yeah.

1045
00:52:00,550 --> 00:52:02,190
But I want, but it's, what do you call that?

1046
00:52:03,490 --> 00:52:06,590
Where like two people train on the same thing in a company?

1047
00:52:07,990 --> 00:52:08,430
Cross?

1048
00:52:08,870 --> 00:52:09,710
Doubling up?

1049
00:52:10,150 --> 00:52:11,370
No, there's like a word for it.

1050
00:52:11,390 --> 00:52:11,590
I don't know.

1051
00:52:12,030 --> 00:52:12,550
Either way.

1052
00:52:13,310 --> 00:52:15,370
Here at Tatchats, we believe in value for value.

1053
00:52:15,510 --> 00:52:17,830
And in exchange for your time and coming on our show,

1054
00:52:17,930 --> 00:52:22,910
we'd like to give you your choice between $50 in fiat or $50 in Bitcoin,

1055
00:52:22,910 --> 00:52:28,590
which at today's exchange rate is 51,387 satoshis.

1056
00:52:28,770 --> 00:52:30,270
What would you like to choose?

1057
00:52:32,090 --> 00:52:32,610
Bitcoin.

1058
00:52:33,110 --> 00:52:33,370
Yes.

1059
00:52:33,370 --> 00:52:34,230
Choose Bitcoin.

1060
00:52:34,330 --> 00:52:34,630
Excellent.

1061
00:52:34,950 --> 00:52:35,410
High five.

1062
00:52:35,610 --> 00:52:36,130
Choose Bitcoin.

1063
00:52:36,130 --> 00:52:36,270
Excellent.

1064
00:52:36,970 --> 00:52:37,590
High five.

1065
00:52:37,750 --> 00:52:38,150
Come on.

1066
00:52:38,250 --> 00:52:38,590
Yes.

1067
00:52:38,670 --> 00:52:39,510
Get the Bitcoin, man.

1068
00:52:39,990 --> 00:52:42,890
We will stack your first 50 bucks for you.

1069
00:52:42,970 --> 00:52:43,370
Yes.

1070
00:52:43,590 --> 00:52:48,090
You get to decide if that's your first month or your first week or what, right?

1071
00:52:48,090 --> 00:52:51,750
but either way

1072
00:52:51,750 --> 00:52:52,730
things will work out

1073
00:52:52,730 --> 00:52:53,070
over time

1074
00:52:53,070 --> 00:52:53,910
you also get one more

1075
00:52:53,910 --> 00:52:54,670
gift from us here

1076
00:52:54,670 --> 00:52:54,930
hang on

1077
00:52:54,930 --> 00:52:55,290
I know

1078
00:52:55,290 --> 00:52:56,130
so this is a

1079
00:52:56,130 --> 00:52:56,870
this is a pack

1080
00:52:56,870 --> 00:52:57,730
of trading cards

1081
00:52:57,730 --> 00:52:58,190
wow

1082
00:52:58,190 --> 00:52:59,230
and

1083
00:52:59,230 --> 00:53:00,610
they kind of

1084
00:53:00,610 --> 00:53:01,390
break down

1085
00:53:01,390 --> 00:53:02,190
concepts

1086
00:53:02,190 --> 00:53:03,590
into

1087
00:53:03,590 --> 00:53:04,590
little bite sized

1088
00:53:04,590 --> 00:53:05,590
pieces that you can

1089
00:53:05,590 --> 00:53:06,350
trade and shuffle

1090
00:53:06,350 --> 00:53:07,010
and have fun with

1091
00:53:07,010 --> 00:53:07,190
yeah

1092
00:53:07,190 --> 00:53:08,030
this is from

1093
00:53:08,030 --> 00:53:08,790
number 83

1094
00:53:08,790 --> 00:53:09,430
Aladdin

1095
00:53:09,430 --> 00:53:10,190
over here

1096
00:53:10,190 --> 00:53:11,190
I love how people

1097
00:53:11,190 --> 00:53:11,750
on our show

1098
00:53:11,750 --> 00:53:13,310
people come on our show

1099
00:53:13,310 --> 00:53:13,590
and they're like

1100
00:53:13,590 --> 00:53:14,450
we love what you guys

1101
00:53:14,450 --> 00:53:15,210
are doing so much

1102
00:53:15,210 --> 00:53:15,630
we want to help

1103
00:53:15,630 --> 00:53:16,030
support it

1104
00:53:16,030 --> 00:53:16,350
here's stuff

1105
00:53:16,350 --> 00:53:17,810
here's trading cards

1106
00:53:17,810 --> 00:53:18,690
you can give out.

1107
00:53:19,150 --> 00:53:19,450
You know,

1108
00:53:19,570 --> 00:53:21,050
here's salt helping us out.

1109
00:53:21,150 --> 00:53:21,910
We're having a really good time.

1110
00:53:21,930 --> 00:53:22,390
Here's hummus

1111
00:53:22,390 --> 00:53:23,570
that you get to taste

1112
00:53:23,570 --> 00:53:24,390
and take home.

1113
00:53:24,790 --> 00:53:24,970
Incredible.

1114
00:53:24,970 --> 00:53:25,670
Pearl Collective.

1115
00:53:25,970 --> 00:53:26,270
Yeah.

1116
00:53:26,410 --> 00:53:27,490
Sponsoring our production.

1117
00:53:27,830 --> 00:53:28,030
Okay.

1118
00:53:28,870 --> 00:53:29,310
So,

1119
00:53:29,910 --> 00:53:31,970
TomTom,

1120
00:53:32,050 --> 00:53:32,690
do you want

1121
00:53:32,690 --> 00:53:34,290
to send our

1122
00:53:34,290 --> 00:53:35,290
satillionaires

1123
00:53:35,290 --> 00:53:36,070
in the audience

1124
00:53:36,070 --> 00:53:37,210
any old way or online

1125
00:53:37,210 --> 00:53:38,290
to spend more time with you?

1126
00:53:38,390 --> 00:53:39,050
Are you all good?

1127
00:53:39,130 --> 00:53:40,010
What's your situation there?

1128
00:53:40,370 --> 00:53:41,590
Trying to plug

1129
00:53:41,590 --> 00:53:42,690
something up in here?

1130
00:53:42,890 --> 00:53:43,110
Yeah.

1131
00:53:43,230 --> 00:53:44,170
Instagram, I guess.

1132
00:53:44,790 --> 00:53:45,270
TomTom233.

1133
00:53:46,790 --> 00:53:47,470
TomTom233.

1134
00:53:47,810 --> 00:53:50,570
Were there really 233 other Tom Toms?

1135
00:53:50,710 --> 00:53:53,190
No, but it was like an address or something.

1136
00:53:53,610 --> 00:53:53,890
Oh.

1137
00:53:54,390 --> 00:53:58,390
Tom Tom actually, and I just learned this like two seconds ago, can sing really well.

1138
00:53:59,970 --> 00:54:00,370
Wow.

1139
00:54:00,370 --> 00:54:02,210
Did you learn it on the show?

1140
00:54:02,690 --> 00:54:05,790
Like last week, he told me to look up a certain song on Spotify.

1141
00:54:06,190 --> 00:54:06,650
Was that him?

1142
00:54:06,710 --> 00:54:07,410
It was him.

1143
00:54:08,990 --> 00:54:10,110
Casual love.

1144
00:54:10,290 --> 00:54:14,730
It sounds like it was something you developed for, is it like the Aldert Root fun run?

1145
00:54:14,870 --> 00:54:15,230
Correct.

1146
00:54:15,230 --> 00:54:18,350
Dude, that's so crazy because we do a fun run at Lynn Road.

1147
00:54:18,590 --> 00:54:19,610
And I went home.

1148
00:54:19,670 --> 00:54:21,850
I was like, Kristen, check this out.

1149
00:54:21,910 --> 00:54:25,690
This is an entire song about the fun run at Aldert Root.

1150
00:54:25,830 --> 00:54:26,030
What?

1151
00:54:26,530 --> 00:54:26,850
Okay.

1152
00:54:27,470 --> 00:54:28,870
And it's called Running with Rudy.

1153
00:54:29,050 --> 00:54:30,470
It was freaking amazing, dude.

1154
00:54:30,530 --> 00:54:31,770
And his voice is amazing.

1155
00:54:31,990 --> 00:54:32,410
Well, thank you.

1156
00:54:32,650 --> 00:54:37,090
And I was like, dude, we're clowning over here at Lynn Road.

1157
00:54:37,090 --> 00:54:38,030
I ain't got no song.

1158
00:54:38,210 --> 00:54:38,590
I know.

1159
00:54:38,670 --> 00:54:43,790
I was more like maybe TomTom should sing our, like, should do like an intro for us.

1160
00:54:43,790 --> 00:54:44,790
Oh, nice.

1161
00:54:45,230 --> 00:54:46,930
Yeah, like maybe a song.

1162
00:54:48,110 --> 00:54:51,990
Or maybe that turns into like a short stack

1163
00:54:51,990 --> 00:54:55,110
where we do like a music video acted out version of TomTom's song.

1164
00:54:55,310 --> 00:55:00,310
I will say that I want to do a video called Bitcoin is a Girl's Best Friend.

1165
00:55:00,510 --> 00:55:00,910
Yeah.

1166
00:55:01,090 --> 00:55:02,750
Right, kind of like diamonds are a girl's best friend.

1167
00:55:02,830 --> 00:55:03,230
They're not.

1168
00:55:03,390 --> 00:55:08,250
Diamonds are just engineered to be scarce.

1169
00:55:08,450 --> 00:55:09,650
It's a lie, y'all.

1170
00:55:10,170 --> 00:55:11,910
Bitcoin is a girl's best friend.

1171
00:55:11,910 --> 00:55:18,610
yeah i will say i've amended my thought i did some more thinking about if someone proposed to

1172
00:55:18,610 --> 00:55:24,270
me with a bitcoin because i originally i originally said i would want the ring as well

1173
00:55:24,270 --> 00:55:32,970
i think i would be okay with like a like a fake diamond yeah yeah i still want something there

1174
00:55:32,970 --> 00:55:37,270
but i think i'd be okay with a fake diamond because i'm gonna jump on that moissa night

1175
00:55:37,270 --> 00:55:40,510
yeah i thought you were gonna say you you'd rather him propose with a bitcoin

1176
00:55:41,130 --> 00:55:45,390
Well, yeah, if he's proposing with the Bitcoin, I'd still want a ring, but I would accept a fake ring.

1177
00:55:45,710 --> 00:55:46,110
100%.

1178
00:55:46,110 --> 00:55:46,410
Yeah.

1179
00:55:46,650 --> 00:55:50,150
Do you accept me and my one Bitcoin to be your lawfully one?

1180
00:55:50,310 --> 00:55:50,710
Yes.

1181
00:55:50,710 --> 00:55:51,190
That has beyond.

1182
00:55:51,590 --> 00:55:51,870
Yes.

1183
00:55:51,870 --> 00:55:52,470
That's a good investment.

1184
00:55:52,710 --> 00:55:52,890
Yeah.

1185
00:55:52,990 --> 00:55:53,170
Yeah.

1186
00:55:54,170 --> 00:55:54,570
So.

1187
00:55:55,030 --> 00:55:56,590
So I've come around on that thought.

1188
00:55:56,590 --> 00:56:02,110
If you guys are trying to figure out how to win Anna Bevin's hand, it may or may not include one Bitcoin.

1189
00:56:02,310 --> 00:56:02,990
A full Bitcoin.

1190
00:56:03,210 --> 00:56:04,050
Get your dowry.

1191
00:56:04,210 --> 00:56:05,430
Get that dowry right.

1192
00:56:05,690 --> 00:56:05,850
Yeah.

1193
00:56:05,990 --> 00:56:06,930
Just jot it down.

1194
00:56:07,230 --> 00:56:07,350
Exactly.

1195
00:56:07,810 --> 00:56:07,970
Yeah.

1196
00:56:08,110 --> 00:56:08,470
Excellent.

1197
00:56:09,090 --> 00:56:10,310
All right, Cotillionaires.

1198
00:56:10,310 --> 00:56:18,430
If you have enjoyed today's show with TomTom, click subscribe at your chance to win 2 million sats when you get to 10,000 subscribers.

1199
00:56:18,810 --> 00:56:25,790
If you would like to find out more ways to support, to sponsor, and even grab your slot in the studio, you can do so in the show notes below.

1200
00:56:26,770 --> 00:56:31,350
And Sat Chats is for educational purposes only and should not be construed as financial advice.

1201
00:56:32,010 --> 00:56:33,890
Our guest views are their own.

1202
00:56:34,050 --> 00:56:36,490
And until next time, keep stacking them sats.

1203
00:56:36,550 --> 00:56:37,470
Stack them up.

1204
00:56:37,670 --> 00:56:38,070
Thank you.

1205
00:56:38,430 --> 00:56:39,010
Thank you all.

1206
00:56:39,010 --> 00:56:44,590
So subscribe for 2 million sats and then go get a loan for 1 million sats worth of purchasing power.

1207
00:56:44,850 --> 00:56:45,150
Totally.

1208
00:56:45,330 --> 00:56:45,870
Come on, dude.

1209
00:56:45,990 --> 00:56:46,610
We'll get you started.

1210
00:56:46,950 --> 00:56:47,150
Yeah.

1211
00:56:47,490 --> 00:56:47,790
All right.