If you're watching this video, you're going to learn three big things.
How to handle Bitcoin dips the right way.
And spoiler, it's discounted sats.
Get that discount.
Number two, the simplest dollar cost average strategy that you can take as a beginner
to make sure you're doing it the right way from the get-go.
Number three, how to ignore all the drama and the noise and stay focused on the fundamentals.
Today's guest is Aladdin, Bitcoin OG.
founder of Based Trading Cards. He's here to help you lock in the right mindset for this
time in Bitcoin's history. So if you're brand new to Bitcoin,
come on inside the world's biggest Bitcoin welcome center for today's show.
Welcome to Sat Chats, the Bitcoin podcast where we chat about sats. Sats are the smallest part
of a Bitcoin the same way pennies are the smallest part of a dollar. With SatChats, we are building
the world's biggest Bitcoin welcome center to serve as your gateway to generational wealth.
So if you are brand new to Bitcoin, we want to chat about Sats with you. Head to satchats.com
to grab your slot in the studio today. I'm your host, Stuart.
And I'm your co-host, Anna Bevan. And with us today in the virtual studio is number 83, Aladdin.
Yeah.
Back. The man's back.
He's back. From season one to season three, this man is here.
He took 47,823 Satoshis. He actually gave them to my boy Lion in exchange for getting a fatter
glob of hummus on his woven wheat. You guys remember that? Because my boy was just dipping.
Now, I was going to ask you how you feel about the fact that those Satoshis are now worth $32.73.
But I guess technically, allegedly, they're lying Satoshis.
But, you know, you've been around for a little while, Aladdin.
What advice can you give to our audience about what to do during this time and how to feel during this time?
It's a simple one to me, but I've noticed that it comes off a lot more difficult to other people.
Let's put it in the framework of something outside of Bitcoin.
So there's a car that you've always wanted.
The car is $45,000, and that same exact car due to whatever circumstance, Chevy, Ford, whatever your desire,
it just dropped with a giant sale and now that $45,000 car is 32 grand out the door.
So do you look at that and say, eh, I'm not really interested in that car anymore. If it dropped in
value, even though it's brand new, I just don't want it. I'll wait until it goes back up maybe
or I just won't buy the car because it doesn't look as good on sale. To me, that's crazy. That's
kind of like the real estate market. If you're trying to buy a house, then you want the real
estate market to go down. You want to get the best bang for your buck. So another way that I like to
frame it up is unless you have all the Bitcoin that you've ever wanted to have and your wallet
is as full as you're willing to ever take it, discounts are good. So I hope that people can
start kind of building around that because I've seen it many times. My mom was one of them. I get
her to DCA about $50 every single month. And then I hadn't seen her for about a month and a half and
came into her work and I'm like, mom, you're still DCA. And she's like, well, no, I stopped.
Why? She's like, well, the value is dropping really hard right now. Well, yeah. So your $50
is buying you a heck of a lot more Bitcoin. Are you like, you full, you got as much Bitcoin as
you want. Oh no, no. I want a lot more Bitcoin. Well then yeah, you should be continuing that $50
a month, if not increasing it to like 55 or 60. So hopefully we can train people around this. But
I think that comes down to the public school systems really doing a disservice to most people.
Oh, wow. A lot there. That was a lot. Yeah. I think the first thing is like, dang, mom,
don't, don't, don't pause your DCA, mom. Keep your DCA going.
Definitely. Right. I added a DCA in the dip.
What?
So you have...
I added another one.
You've got your Friday at 3 a.m. weekly.
That's the one that I added.
Oh, okay.
I was doing...
The first one was $50 every two weeks.
$50 every two weeks.
Yeah, and then I added $60 every week.
What?
Yeah!
I mean, the thing that I love
because I am playing around with Strike
is that I can have multiple.
Okay.
Okay. Okay. And it doesn't cancel out. Yeah. Yeah. The one thing I've been like,
cause I've been trying river instead of just stacking right into self custody with Bitcoin.
Well, like the one thing I'm trying to figure out is like, you know, Aladdin, you'll like,
you'll like to hear this, um, a week or two ago, like there was like a Thursday where Bitcoin just
was like, whoosh. Yeah. You know what I mean? We're like, and we're like, oh, you know, and me,
Me and Senor Gringo Papi were like trying to hug each other over text messages.
We're like, hey, man, it's okay, dude.
We got this, brother.
Come on.
But my son saw the price of Bitcoin over my shoulder before going to school.
And he said, dad, I need to make an emergency purchase with my allowance.
I was like, this kid's a man.
This kid's a man.
So he had 25 or 26 bucks in his allowance.
And he was like, let me throw 20 at Bitcoin and keep five or six in case there's, I don't know, something small at Target that I want.
Right.
Gum.
And I got to say, psychologically, when Bitcoin is dipping, there is a part of me that's like, what if this sucker goes all the way down to zero?
And I think maybe your mom might be feeling the same way where it's like, nobody wants to catch a falling knife.
Yeah.
Right.
Yeah.
and but but i know i know i've done so much thinking about bitcoin and and so much
digesting of content and information and i'm trying to go deeper and deeper i know bitcoin
is it i know it i know it period but but my monkey brain that legacy caveman architecture
is still like hey that's a falling knife it isn't it's a car on sale for sure that's still
you know it it's it's in a it's like a crazy deal it would be it would be like finding a disney
vhs tape during the pandemic that's like sealed and there you could you could and it's like 20
like dude i could take this to ebay right now for three because they had that craze remember that
no anyways i ended up saying you know what son i'm gonna buy some more bitcoin with my allowance
as well and so i took both of our allowances i bought some on river right from the app on my
phone for whatever reason buying the dip made me feel better like just watching a dip and being
like oh what god what happened buying it i was like hot it kind of like totally agree and i think
that's why i added my second dca so that i could like feel good about it like i'm really stacking
like super stacking but it's all going to one stack and river to where i'm like now i need to
remember that twenty dollars worth when i when i withdraw it to self-custody now i gotta tease out
$20 worth for Lion,
the part that I bought with my allowance,
the part that we're doing as a family.
And I'm hoping that these exchanges
will start to like be able to create like little,
because when I do it to self-custody Aladdin,
I can just choose the address that it goes to.
And I have like 20 addresses inside my wallet.
I can say, this is my family stack.
This is my stack.
This is my son's stack.
Right.
In River and maybe even in Strike 2,
I'm like, it's just one big pile of sats.
It's one big pile.
anyways
it's just been kind of a wild
time to experience this dip
and I do appreciate
that you're just staying the course man
just stay the course it's gonna
do what it always does
yeah you have
to have conviction at the end of the day
and if your conviction is
I mean our monkey brain definitely plays that one
I think it's impossible for anyone
not to even if they don't bring it up
and let everyone know
we're going to have that just run through our head here and there. But
my conviction on Bitcoin is it's freedom money. And if it's not successful, well, we have a lot
bigger things to worry about. So that's where I just stay the course, no matter what happens.
And obviously, we'll always have the monkey brain fighting us to a certain degree. But I think I do
pretty well at staying the course just on the fact that in my mind, I'm a very freedom focused
person. And if Bitcoin fails and it goes to zero, my freedom is probably going to zero as well. And
if that's the case, again, I've got a lot bigger things to worry about. So I'm just going to
continue to stay the course. So Anna Bevin, freedom going to zero, how does that make you feel
as a brand new Bitcoiner?
Well, as like a person who believes in free markets
and free enterprise,
that also does not make me feel good.
Mm-hmm, mm-hmm.
As a conservatarian brand new Bitcoiner,
freedom goes to zero.
Talk to me.
I feel concerned, afraid, and angry.
Mm-hmm, mm-hmm.
Probably in that order.
Nobody wants to live in a world where like,
every move you make is tracked and you have like a social media score over the top of your head
like that one black mirror episode with opie's daughter in it you know what i mean it's like we
don't we we don't want that we don't want that exactly the episode i was going to reference yeah
have you not seen that episode no oh my god anna bevan that is like that episode makes you be like
oh yeah like your social media is like your your your your social score your social standing is
like visible to everyone.
Well, there used to be a clout score.
Is that still a thing?
I don't know.
But like basically like that.
Because there used to be a clout score
where everyone would have a clout.
This was like,
this was like,
I don't know,
2012 to 15 era
where like social media managers
were like jobs.
Like you would,
and it was always like,
oh, you're a young person.
You go do the social media.
And yeah, I remember there being a clout score
I was checking my clout score constantly
Dang
I had a pretty good clout score
So how do we boost our conviction score, right?
Because Anna Bevan is class of 2025
I'm class of 2024
For everybody that watched your episode
They know that you came in earlier than that
And that your dad taught you like some basic stuff
back on the farm that kind of parlayed into Bitcoin where you had some, you had some like
pre-made conviction in place for like the principles, you know what I mean? Anyways,
what can we do to increase our conviction even in that moment where we're like,
you know, am I catching a falling knife?
I mean, that's a hard one because I would say each individual's conviction is going to be
specific. So it comes down to what is most important to you, your time, your freedom.
There's so many different angles that go at it. I really, when I talk to people about Bitcoin that
are not into Bitcoin yet, I really like to get to know them as much as possible so that I can
try and help them find what conviction is going to work best for them. Because again, everyone's
different. I can only tee it up to myself around the freedom aspect. And then that can kind of go
in many directions for many people. I mean, you just said it, it goes to zero. We have CBDC.
If we have CBDC, I mean, your currency's dead at that point. Everything's digital. And it's
going to be really, really difficult for everybody at that point, because you can't send your grandma
money without having to go through checks and balances with the government or the banks
or the parties that be.
That to me, it's very dystopian.
So again, my conviction is just it's Bitcoin.
And this is the best chance we have today.
Well, something may become tomorrow or next year, not necessarily a better Bitcoin, but
something else that gives us another opportunity towards locking in our freedom, then I would
support that the same way.
But right now, as far as I can tell in my research, Bitcoin is the best opportunity we
have right now as humans to lock in our freedom.
So the idea is Bitcoin works because math works.
Yeah.
Slash Bitcoin is a protocol and nobody is out here saying these other protocols are scams.
They're just, they're like, it's technology.
Yeah, yeah.
My really good friend in high school used to say whenever there was like a lull in the conversation, she was like, so I hear this internet thing is here to stay.
And I sort of feel like that's where, like, it feels dumb for her to say that because you're like, yeah, our whole lives are run on the internet.
but I feel like
Bitcoin's going to be
like people are going to start saying that about Bitcoin
I don't know
now, five years from now, ten years from now
so I hear this Bitcoin thing's here to stay
and it would just
everyone would die laughing
and sometimes I do crack myself up
by myself and I'll say
so this internet thing's here to stay
and no one gets it
but I think it funny you say that out loud to yourself while you alone If I talking and no one hears me I have a tendency to say as I wondered quietly to myself like I narrating my life
or as I noted quietly to myself, or I'll say,
so I can hear this internet thing's here to stay.
My dad would always say, never mind, I'll tell you later.
Now, what do you think about that, Aladdin?
You know, I honestly have a rebuttal for that.
yeah I so the internet doesn't have competition the internet is the internet
bluetooth doesn't have competition bluetooth is bluetooth bitcoin doesn't have competition
let's make that clear because everything else couldn't hold anything to bitcoin but there are
millions of other blockchain crap that's out there. Let's just tee it up for what it is.
And for the general public to look at it, they're not looking at it like this is Bitcoin and Bitcoin
is the only option. There's all these other blockchains, Ethereum, XRP. I don't want to
talk too much crap we'll keep it as polite as possible that protocols that
I don't believe in that I think are dangerous in a lot of ways but there a
lot of them will be around that's a whole nother topic whether we like it or
not but at the end of the day these blockchains have massive massive amounts
of money fiat their their own printed money that they make to go out there and
market the crap out of what they're building. So you do have a lot of people outside of Bitcoin
going, yeah, but there's this and yeah, but there's that. So that is the bummer that we have right now
with Bitcoin. One, we are all the marketing arm for Bitcoin. There is no Bitcoin printing its own
money for the founders of Bitcoin to go out there and market it to everybody on Super Bowl Sunday.
it comes down to the people. And this is what I love about Bitcoin. It's one of my favorite things
about Bitcoin, but it's also one of the things that makes it incredibly difficult for what we're
doing because it does come down to the passion and conviction of Bitcoiners to get the word out
about Bitcoin, which is beautiful. But we are competing against people that can print their
own money like XRP and Ethereum and go out there and market like crazy people. So I do think that's
the dilemma we're in right now. If you compare it to the internet or Bluetooth or something like
that, that is the only protocol. There are unfortunately a bunch of other protocols out
there that people outside of Bitcoin that don't know that are uneducated, that's what they compare
it to. I mean, the majority of people I talk to outside of Bitcoin, they go, oh yeah, that
cryptocurrency thing like Ethereum, like they're literally putting it in the same basket.
So we've got a lot more education to put out and a lot bigger fight than just being an internet
protocol, unfortunately. Yeah. I mean, you talk about how we are the marketing arm for Bitcoin
and you're so right. Like that's, it's the people who have Bitcoin. It's the people who
are brand new. It's the long timers. And so where do you feel like Bitcoin culture is right now?
Because I feel like that might be a button that we should press with you.
Yeah. Unfortunately, I think we're in one of the biggest culture crises that I've ever seen.
I've been in Bitcoin since 2016 was when I really started learning. I found Tone Vase,
Adam Meister, Samson Mao, some really good Bitcoiners. I was blessed to stay on the focused
Bitcoin rabbit hole very early on. And I learned about everything. When the first NFTs were popping
up, I was paying attention. I wasn't even buying around that time. I didn't even start DCAing until
2017. And it was little, little bits at a time. And the block size wars, we had a culture crisis.
I studied the Silk Road quite a bit, and that was a major culture crisis.
I think today is the anniversary of Mt. Gox.
Massive culture crisis right there.
It's all these PR crises.
And again, there's no marketing arm, excuse me, getting paid to go out there and be the PR team or be the marketing team for Bitcoin.
It's all the people.
So it is up to the culture, the community to to make it work or not make it work.
And today with knots versus core with the Epstein files, I mean, there's so many different things that two people outside of Bitcoin, they're looking in going, OK, there's Bitcoiners claiming that they got Trump elected.
It's not good, regardless of what side you're on.
To me, it doesn't matter.
It's that Bitcoin is not political.
It shouldn't ever be pulled into a left or a right.
Bitcoin is inclusive for every person on earth, regardless of race, creed, or sex.
So that's a very dangerous framework that we have right now.
Knots versus core, the battling, civil war inside of Bitcoin.
It's literally our own left versus right paradigm we're battling in right now in Bitcoin.
the toxicity against anything that isn't Bitcoin. I get it entirely, but I'm a father
and I've got teenagers and you can only be so toxic to someone you're trying to educate or
right over their head. And they go to the opposite of what you're asking them to do or what you're
trying to educate them on. Again, Epstein files says nothing to do with Bitcoin itself, but because
the people that were early adopters to Bitcoin are noted in these files. I mean, it's just bad
right now. And at the end of the day, we have to come together as a community, as a culture,
wake up, quit acting like children. And I will say it, I'm based trading cards. So I have to be
very based in my opinions. We do need to come together as a community and stop fighting and
really put the world first, put Bitcoin first, put inclusion for everyone first.
And I just keep saying we are all the marketing arm for Bitcoin. And the PR comes down to every
one of us that is out there talking about Bitcoin. And you have to represent it with respect and
dignity. And if you don't, then you're making Bitcoin look bad, which is highly unfortunate.
And it is the game theory, I think, of what Bitcoin is and why the success of Bitcoin is going to be the most powerful culture movement for all of humanity when it happens, because it's not a success built around a multi-billion dollar PR team that is coming in and making sure everything's perfect.
this is humanity right now it's the test of humanity in a way that has never been done before
it's really beautiful in a lot of ways but it's it's it's a battle unlike any other battle in
order for us to succeed but i have faith and as a father again i have to have faith in humanity so
that i have faith that my kids are going to grow up in a beautiful world otherwise um it's really
hard to get up each day. So I do put my faith in people the best I can. And we all need to just
work our butts off and find values in each other. And it's the last thing I'll say on it with my
rant, it's contagious. Happiness, goodness, kindness is contagious. And you may not feel
like it today, you may be down in the dumps, but go out there and do something good. Open a door for
somebody, put a smile on your face, whether you want to or not. And at the end of the day,
you're going to feel really, really good. And you're going to pass that on to more and more
people. And that's how we're going to start moving forward. All right. So let's take a second here.
We heard
Bitcoin Civil War
Currently going on
Yeah
Sorry, big rant
No, no, no
It's great
It's good, it's good
So the, you know
Bitcoin Civil War today
Yeah
Not the block size wars
That we covered with
Jeremy the Bitcoin Cash guy
Which Lion was also on that episode
By the way
Aladdin
And the dude offered him
$100 worth of Bitcoin Cash
during the anyways we heard we heard new civil war we heard knots versus core we heard epstein
files we heard you know eventual success of bitcoin being a culture moment there like as a as
the brandest new bitcoiner among us as the most brand new yeah what questions do you have for
Aladdin on any of those items?
I have no idea what Knott's versus Core is.
Don't know what that is.
I'm still surprised that, and I feel like, I don't know if this is insensitive to say
or I'm just tired of hearing about it.
I don't know.
How much is the Epstein files controversy really impacting Bitcoin?
Like, how much does that matter to me or to like new Bitcoiners who are coming into the
space?
Like, I don't, are they paying attention that much to it?
Or does that fall within that, like, a civil war?
I don't know.
Do bad actors have an impact on Bitcoin itself working or being valuable?
Right, which I think would, I think it's probably my question.
Because if we believe math, if we go back to your thing,
because like we,
we actually don't really talk a lot about anybody else
other than Satoshi on the show.
We talk about Bitcoin and like how the math,
maths and it's a protocol.
And if it works,
it works.
And there are 26,000 other computers that are verifying
everything that's happening.
Like those are,
that's divorced from,
from the people in this space.
Like,
I mean,
you'll mention Jack Maulers.
Yep.
I mean, we've had Jeff Booth, James Lavish, Jameson Lopp.
But like outside of that, I probably couldn't really tell you any of the other major Bitcoin people.
For good or bad.
So what's your take on that, Alada, in terms of like, you know, do the Epstein files have an impact on Bitcoin itself?
So no, not whatsoever.
Bitcoin is going to do.
Bitcoin is a honey badger.
And that's what I love about Bitcoin.
Yes.
So at the end of the day, no, it will not affect Bitcoin itself whatsoever.
Sadly, what it will affect is new people getting into Bitcoin.
The algorithm loves drama.
Yes, that's true.
One of the things I hate about social media.
And it's been proven with Meta that they literally will focus on drama, focus on fighting, and they will push that up in the algorithm.
So with anything bad they can say about Bitcoin, it'll obviously be pushed up in the algorithm.
And if you can throw out any battling between Bitcoiners that have conviction that say this has nothing to do with Bitcoin, which they're 100 percent right.
But then you have the people that just love to stir up drama.
This will work really well in the algorithm.
It's going to work a lot better than goodness and kindness because anger and animosity always moves up in the algorithm.
So new people that don't know anything about Bitcoin, what they're going to see on the social media more than anything is the drama.
And this is a bad drama for people that know nothing about Bitcoin.
Just in the last year since the election, I've had more people outside of Bitcoin literally ask me if Trump is Satoshi, is Bitcoin, was it made by Trump?
Was it made by the Republicans?
these are really bad toxic things for Bitcoin culture right now and for people that want to
come into Bitcoin because it seems very exclusive to a lot of people when you frame it that way.
So even though all the Epstein stuff is a load of crap in a lot of ways,
because at the end of the day, it's like, oh, so someone that bought Bitcoin or someone that
might have worked on the Bitcoin protocol at some point had a conversation or an email with Epstein.
What does that have to do with Bitcoin itself? Nothing. But to the everyday person, it has a lot to do with it because they're not going to dive deep.
They're just going to see what's on that outer edge and they're going to write it off.
And myself being someone that wants more than anything, more than number go up, I want Bitcoin freedom money to be accessible and utilized by as many everyday people as possible.
So to me, it's a big problem because we have a lot of everyday people that would potentially consider jumping in and learning more about Bitcoin that might just be pushed away immediately because they saw top of the algorithm Bitcoin having something to do with Epstein.
And then they're like, write it off. I want nothing to do with that whatsoever.
So it's a big deterrent right now. It's very, very unfortunate.
so what about the content as well you you know before we started taping you talked about some
type of content proliferation or content inflation content inflation man and anna bevan she coined it
here on the show you know some people think an inflationary environment is superior some people
think a deflationary environment is superior anna bevan asked another guy the other day why can we just have to I just want flation Just flation you know Why can we just have flation It the Goldilocks porridge
Yeah, flation.
But we're having content in flation right now. Talk to me about that, because does that tie into
your, your, because I've seen it too, like all we do here all day is just have positive vibrations,
we chat about sats we try to stay away from all caps bitcoin content yeah we're not in here
shouting about jamie diamond um we try to be as welcoming as humanly possible and i think the
the algorithms of the internet are like who wants to see the bob ross of bitcoin paint a happy little
tree over here on by the it's like i'm like that's what we actually need though like we actually like
You almost have to try as hard as you possibly can to curate a positive stream of information for yourself out of the internet.
Because if you just let the internet do what it's going to do, you're only going to get hit with like nasty, nasty, nasty, nasty business.
So does that all tie in there to that content inflation piece?
Yeah, I mean, I think it goes much larger than that.
We have it in the Bitcoin space for sure.
I've been talking to a lot of the Bitcoin conference organizers and a lot of them are
picking up what I think the change that needs to happen. So we have content inflation in Bitcoin
all over the place from the social media channels to podcasts galore all day long. And it's interview
after interview. How many times can you listen to the same person tee up what their personal
opinion is on Bitcoin or the charts or where we're moving right now in price day after day after day,
interview after interview. So once you've seen that, and I won't name names, but there's a lot
of them that you see over and over and over again, and they go on these tours. And I guess it works
because they're still doing it. But then you have the conferences and these same people come up on
stage and you're like, well, they were just on a podcast for an hour and a half or three hours.
couple days ago and now they're on stage what new could they be talking about that i didn't hear in
this three-hour podcast a couple days ago so do i really want to go sit and listen to this same
person talk i get to see them in person that's cool but it's a conversation around economics
which after studying economics non-stop and seeing literally thousands of videos since 2016
thousands of videos thousands and thousands of hours yeah unless it's something new i'm kind of
good. So I see a lot of the conferences starting to see that. Hopefully they start bringing in
bands, music. Let's bring in some fun and excitement because it is the culture that is
going to make people go, oh, wow, Bitcoin looks fun and not, oh, wow, Bitcoin is a bunch of
podcasts that are so boring. I want to literally tear my ears out. And I'm sorry. I know it's a
based opinion, but it's economics. And this is why most people have no clue what money is or how
money works because they're like, this is the most boring topic. It's news talk radio around
economics. And these are the things that as kids, we were like, oh my God, my dad listening to this
stuff, I can't handle it. And now I am that dad and my kids have put up with it for many, many
years now. So taking that to the next level, that content inflation, I like to form it in a way
that people that are old like me might be able to understand and really tee it back to scarcity
and why that is so important. So when I was a kid, you were very, very blessed to have
cable TV. Normally, I think the majority of people had the bunny ears and you were trying
to capture those like five channels if you were lucky so we really didn't get cartoons unless you
were one of those kids that woke up at like five o'clock in the morning i think a couple of the
channels had like smurfs on at like 5 a.m and then there was one more cartoon at 5 30 a.m and at 6 a.m
boom it was news or it was whatever else stuff that was there but saturday morning we waited all
week because that was the morning that we had cartoons all morning long and we all got them
Saturday morning. So all week, it was this scarcity that was built around these cartoons.
And as a kid, only getting it once a week. I mean, we were like saving our cereal. You got a little
bit in that bag left and that's for Saturday morning. And you hit it from your brother so
that he didn't eat it all before Saturday morning. And you hated waking up early, but Saturday,
you were going to bed as early as you could Friday night, or you were just waking up so tired. You
didn't even care, 5, 6 a.m. so that you could capture as many hours of cartoons as you could
before mom and dad woke up and told you, get out of the house. It's a sunny day. That was amazing.
That is the complete opposite of what we have today and why I think time is moving faster than
it ever has before because everything has been inflated. When content has been inflated,
then your experiences are being inflated massively.
So there is no Friday.
There is no Saturday.
There is no Sunday anymore
because we have access to everything every day of the week.
And I think this is one of the biggest movements
that's happening in humanity right now
and really just like slopping everything up
is there are no more days of the week
because that content has just been inflated across the entire week.
Dude, can I just say that my mom would set the volume on the television the night before.
And after my brother and I had gotten ourselves ready to go for Saturday morning cartoons
and we turn on the TV, we could not turn the volume up.
And I'm trying to tell you, we could not hear the show, man.
Like, it was so low.
We could not hear the show.
So we would be sitting, like, directly in front of the TV
to just try to even hear what was going on.
And then she'd come out, like, back up.
And we're like, well, we can't even hear it.
And also, by the way, we would, my brother and I, number two, Jorma,
we would get like the giant popcorn bowl and then we would put a whole box of cereal in it
and then we would fill that sucker up with like an enormous amount of milk and we would eat out of
the same bowl for the saturday morning cartoon dude it was a whole box of cereal that we would
crunch on watching those saturday morning cartoons man let's go okay that is wild my grandparents
whenever we would spend the night with them,
they would say that their cartoons didn't start until eight.
So they lied to us.
Oh, wow.
Like at their house, cartoons didn't start until eight.
Wowie zowie.
Yeah.
Grandma and grandpa debased.
I love the lies that parents tell their kids.
Like I have a friend sidebar on this one,
but I have to share it.
She lies to her kids about A, when Christmases.
What?
Because they're so little, they can't read the calendar, and they don't know, like, days of the week or anything.
Lies to them about when Christmas is, and Christmas is when it's convenient for her.
What?
Because they travel for Christmas, and she lies to them about when their birthday is.
So, again, that's convenient.
Who is this?
A really good friend of mine, and I love it because she, like, she doesn't want to have, like,
if their birthday party is on Saturday
after their birthday being on a Monday,
she lies to them their birthday is on the Saturday.
Yo.
I mean, like, she's...
Find this lady.
Find this lady and arrest her, Aladdin.
She's since had to, like, change that a little bit
because the kids can now read calendars
and know days of the week.
Yeah.
And so, like, she can't hold that lie forever,
but I loved it.
Dude, that's so great.
I'm not, I'm not, I'm not there for that.
Now.
So funny.
I'm not, I'm not a part of that.
Now, Aladdin, there is a lot in this world that can make us get kind of upside down quickly
and feeling just unsettled that we are connected around the clock to a stream of negative information
that's being fed to us by an algorithm in a way that is almost irresistible.
And, you know, we look back at the 90s, the 90s rocked, and then we got rocked.
And then it's like, can we get back there?
And to your point, the same podcasts with the same guests are saying the same things
because they aren't bringing in people from all over the world to help them stack their first stats.
And almost every single episode is different.
shout out to ourselves okay plus the same person can't show up except for once every nine months so
you're guaranteed to not see repeats learning experience holler we set this show up right the
first time um you know it's pretty simple once you learn that it works you just stack sats and
you keep rolling you know what i mean like big there actually isn't a whole lot to bitcoin once
you finally understand it you just buy some regularly and go out there and live your life
So what kind of advice do you have to the brand new Bitcoiner who might be feeling this kind of sense of malaise and wants to know how to put themselves back on the right track?
So the easiest way that I've told many, many people, and, you know, it's crazy that only a few of them have actually been able to implement it.
It's again, it's conviction that you have to find, even if it's just your decision, it's not even Bitcoin.
So take Bitcoin out of it altogether and just find conviction, period, and say, what amount of money can I afford weekly that would not hurt me whatsoever?
That if I were to put it into Bitcoin, it would literally be like buying a candy bar or buying one meal out a day or whatever it might be that I don't even need.
So sum it up. Let's say you're a person that five dollars a day.
If you were to literally hand five dollars a day to a charity that is out for something that you believe in with all your heart and you tell yourself, I can afford right now five dollars a day.
no problem. It wouldn't hurt me. So I'm going to take that $5. I'm going to put it into Bitcoin
and I'm going to DCA every single day, $5, because I don't need that to pay my rent. I don't need
that for a car payment. I honestly could just throw $5 in the trash every day. And it's not
going to harm my bottom line at the end of the month, whether it's $5, a dollar, whatever that
50 cents, whatever it is, find that number and DCA it into Bitcoin every day, every once a week,
whatever it is, and remind yourself that you shouldn't even be looking at what it's worth.
You shouldn't even be checking your bank unless you got a pay cut or something financially,
you can't afford that $1 or $5, whatever it is a day. Other than that, you say, I have the
conviction. It doesn't matter what Bitcoin ends up doing. This is my bet or this is my donation
towards something positive for humanity.
Because again, if Bitcoin is successful,
it will be success for all of humanity.
That's how I got my dad to jump in.
I said, it's a charity you're donating to,
to strengthen the protocol.
And at the end of the day, if this charity is successful,
you actually get a massive bonus
on all of the money that you ever gave to the charity.
It could 5X, 10X, 100X, 1,000X, who knows?
There's no end to where it could go.
So it's the only charity that you can actually get paid back on.
So figure it out in your mind.
Find that conviction.
Find that amount, 50 cents, 25 cents, $5.
Doesn't matter what it is.
And make sure it's an amount of money that you don't need each month.
And just put it in there.
And don't look at it.
And let it just continue to go and go and go.
And one day, there will come a time that you open it up and you go, this was the best decision that I ever made.
And there's really no way of saying that it isn't because that was money that you were going to throw away on a candy bar or a bottled water or to a charity or whatever it might be anyway.
I think that's the biggest one.
Don't invest more money in the beginning, especially until you have 100 percent conviction.
Do not invest more money than you can afford to lose because you will continue to look at it.
You will continue to open up your app or whatever it's on and constantly go.
Did I make the right choice?
It's dropping in value.
Should I stop my DCA? Should I increase my DC? If you just put an amount in there that you can
afford to lose every single day, you shouldn't worry about it. Just let it do its thing. And
I've seen that be the most successful strategy out of any of the people that have actually
implemented it. I mean, it's incredible. You could go all the way back to when I got in
um, 20, 21,000 peak kind of ish and back down.
And I didn't have much money then. And my kids, very similar to lion,
they were putting in $5 here, $10 there, $1 here and there.
It was the best decision that they ever made,
especially dating back as far and Bitcoin it encapsulating all the money on earth So how high could Bitcoin go Uh well I gonna buy Ethereum or I wanna buy this other crap coin because unit bias I can get a hundred of these a thousand of these I never own a whole Bitcoin Yeah Find a way to get the unit bias out of your mind because at the end
of the day, I love your show, Sats Chats. Make your goal in Satoshis. I want to be a Satoshi
millionaire. What would it take to be a Satoshi millionaire today? I can't see your pricing,
but I think we're like 68, nine. So let's say $700 and you are a Satoshi millionaire. So start
putting that in your mind and going, okay, if I start putting in a dollar a day, that's like 30
bucks a month on average. So within a year or two from now at a dollar a day, 30 bucks a month,
which in America is nothing. I could be a Satoshi millionaire potentially within a year,
a year and a half of them now. That's huge. And if it drops in value during that time, not value,
drops in fiat price during that time, you could be a Satoshi millionaire in six months potentially.
So just find it in your mind. I think for most people that are listening that are not fully all
into Bitcoin, you will be so freaking successful if you just invest what you can afford to lose
every week or every month.
And do not put more than that
because you will not question your investment
because it's money you were going to throw away.
So before, first of all,
not that based, right?
Just like the trading cards.
Just before we jump into the hummus,
give us three minutes on your fourth series of cards,
which are literally getting gobbled up by the time.
I'm like, the notifications from your Telegram community
are hitting my phone.
and dudes are like, I bought a box, I bought a bundle, I bought three bundles, says that I can't
even get any more on the website. People are going insane for your collectible cards.
And that new drop is something that has happened between your episodes. So give us three minutes on
that. Yeah, series four is the simulation. Perfect timing for everything right now. We are,
as a company moving really, really hard into nostalgia.
As you could tell in some of my discussions, back to the good old days.
And I was a collector and a trading card lover my entire life.
Back then, less content inflation.
So it was just a better time.
So this set is 21,000 packs once a year.
This is the simulation and it will only be one simulation series that we ever create.
So scarcest trading cards that you could buy out there for anyone that's into trading cards, just to kind of tee it up for you.
Very, very similar to fiat money.
And this is why we created trading cards to try and explain to people through a medium that they might already understand.
The Federal Reserve has a button and they can print unlimited amounts of money without having to ask permission.
trading card companies can print unlimited amounts of trading cards and they don't have
to ask any permission most people think that pokemon prints around 2 million packs a year
let me clear that up for everybody pokemon prints on average around a billion packs of trading cards
a year and that has been an average for a good handful of years before that you're in the hundreds
of millions it's a lot of pokemon packs out there i love pokemon this is no shade against pokemon i
If people are willing to buy it and they're making, they're keeping up with the demand.
Awesome.
I think that's incredible.
It's a beautiful culture.
Pokemon is great.
But just understand what you're investing in.
Same for saving dollars.
Understand what you're investing in.
Stuart, I know you're Magic the Gathering.
I love Magic the Gathering.
I didn't create a TCG game because I don't think I would ever be able to compete with Magic the Gathering.
They're insane the way that their game mechanics work.
They've also patented them, so I cannot use any of them.
So I'm not going to try and go compete with the game that I grew up loving.
But scarcity wise, Magic the Gathering prints around 500 million packs a year, if not more.
500 million packs a year.
Buy them because you love them.
Buy them for the chase, whatever your reason is.
But just understand what you're investing in.
That's what we've created with base trading cards is something that makes you stop and go, hmm, 21,000 packs.
I've never heard of a company telling me how many packs they print that sounds high that sounds low
Whatever's going on in their mind. I might want to know how many packs my favorite trading company prints. So to your point of our
community going nuts and
Big values around the secondary market of these cards. It's because of transparency. It's because of scarcity
It's because of finite supply that does not exist in the hobby today
day. So we are the Bitcoin to the trading card industry. And that is what I think gets people
really fired up around our cards is that you have a company you can trust that puts out verifiable
numbers. And this is something that other companies don't do. And again, I'm not trying to put shade
on these other companies. They are what inspired me to do what I'm doing. I love the trading card
industry. I just want the same way you would say an educated investor is a successful investor.
An educated trading card collector or collector in general is a successful collector. I want to
bring that same thing into trading cards. I want to teach as many people about Bitcoin, money,
freedom, ethics, just good values that we need back in this world. I think the best and simplest
way to do that is meet people where they're at. And the trading card industry is a generational
industry. You got grandfather that collected, he passed down to his granddaughter or to his
daughter or son. She passed those down to her child. I love that about the culture in collectibles.
Same with classic cards. You have generational families together in the garage together,
working on these cars and passing them down. This is the beauty. This is the getting back to the good
old days that I want to try to promote as much as I can with my product. And I think this is where
the success of base trading cards is really starting to explode. And we just got our first
major retail partner with Dave and Adams, largest online trading card store in the entire world.
And they are our first online retailer. This is massive. And this is where we're starting to
really get that uptick and move into the traditional trading card market in a way we never had.
And we've got a lot of incredible things coming this year. This is our big launch year. It's been
four years building up to this year and we're going as hard and as based as ever before.
Hopefully more and more people will be hearing the word based and relating that to trading cards.
Let's go.
That's awesome. Congratulations.
Yes.
That's a lot of hard work.
It is.
Sad chats and based trading cards.
Pushing the culture forward here, folks.
Okay?
Yes.
All right.
We are not stopping, period.
The three of us right here.
Come on.
All right.
So let's turn it over then to Ithaca Hummus.
Our Buy the Dip moment sponsor.
Ithaca reminds us to Buy the Dip.
So today we will be acting as your taste buds in the studio.
with Lemon Beat.
Look at that, beautiful.
Which we haven't had Lemon Beat
in the studio for a while.
We went hard on it
at the end of the year.
Very good in the summer too,
I feel like.
Oh, that'll be a nice transition
as the weather decides to summer up.
All right.
Cheers.
Mmm.
How's it tasting to me?
It's like
Oh, the lemon is good
Yes, following up on the lemon
Beet, I think is
Forward, but not dirt beet
Which we've talked about a lot
Yeah, yeah, yeah
It definitely doesn't have that
I like the way raw beets taste
Where I'm like, this tastes like I'm eating dirt
I do like that flavor
This doesn't have that
No, not at all
It has some of that kind of, a little bit of that earthiness, but like not so much that you're going to be like, ugh.
It's not grainy or anything like that.
It's definitely making you feel good about your choice of having something that is made with real beets.
Yeah, I mean, it's so bright that I'm like, this has to be good for me, right?
Like, it doesn't look like a—
It's not a fake color.
It's a real beets.
It doesn't look like red dye number three.
You know what I mean?
It looks like for real beets.
That is tasty.
The lemon is tasty.
when it's fridge cold it's kind of creamy mouthfeel and then some flavor shows up the
flavor comes in more when it's not from the fridge room temp yeah room temp is like bam you're right
there yeah you're right there yeah that's delicious now alad did you get any of this between
then and now i did yes yes and i i love hummus no it was it was amazing i need to do some more
research and figure out where I can purchase this in a store so that it's on the list for the wife.
Yes.
Ithacahummus.com.
You can find out where it is close to you.
Yes.
Now, normally we would offer you this from number 83 Aladdin.
It's part of his unlimited educational edition.
But you got to be in person for this premium item to enter into your hands.
I did just see Mr. Beast had an ad for a company that literally does deliver by drone.
And I was like, dude, give us a couple of years and a tub of hummus and a pack of Aladdin's cards will appear at your house by tiny drone five minutes before we start taping.
And we're going to get to that level, dude.
We're going to get there.
Well, that'll be exciting.
Yeah.
Look forward to Sarah Tackett.
Anna Bevin's like, stop giving me stuff that's like way out in the future and we're trying to succeed today.
I'm like, all right, I got you.
Yeah, yeah.
Quit having all these crazy ideas.
All right.
So that brings us to our cash versus sats decision.
Powered by salt.
Let's go.
Shout out to all of our sponsors.
Yeah, and our own 123 Sean.
Hot.
Yes.
All right.
So, Aladdin, you are familiar with this moment, but at SatChats, we believe in value for value.
And in exchange for your time and coming on our show, we'd like to give you your choice between $50 in fiat or $50 in Bitcoin, which at today's exchange rate is 73,056 satoshis.
What would you like?
I think this is a pretty easy decision here.
we're going to go with the sats and we're going to dca that into a lion savings once again wow
i was this child man i was really hopeful that since i was the co-host today that i would get it
no it's lion dude well he only had 20 bucks the other day so this is a an extra little bonus dca
for him so dang i shouldn't have told you my second dca lion lion lion it you know our kids
man they are going to be the ones that take this dude you and i we're just going to be lifting them
up you know and being like go ahead and then we're going to fall back and think ah like we're
going to like rock down into the chasm obviously a very dramatic free market i have a free market
capitalism card uh the artwork that we did it's one of my favorites and it's a father lifting his
child up in the air and he's just covered in red tape and it's all the different laws and
stipulations and crap we have to go through in life that is definitely not free market capitalism
and his child is up above his head into the beautiful sky safe from all of these red tapes
and red ribbons that hold us down and that is my ultimate dream my most important job in life is as
a father and a husband and put the kids in the family first.
We want a beautiful world.
We want to start moving in a better direction.
Our family should be everything to every person out there.
And the world will start.
That's awesome.
I love that.
Well, you bring Lion Stack into the six figures
just off of your proof of work here on the show.
So he's going to love hearing that today.
He's going to love it.
Where can our Satillionaires,
aka Satoshi Millionaires go
if they want to spend more time with you
and with Based Trading Cards?
The website's the best way
and then there's links on there
to all the social medias,
anywhere you want to find us,
the Telegram channel,
basedtradingcards.com.
Nice.
All right, Abe's.
Fantastic.
All right, Satillionaires,
if you have enjoyed today's show,
click the subscribe button
at your chance to be entered in
to win this silver coin.
It's a collectible silver coin
that just fell off the stand.
The stand was a bad idea.
Yeah, that was a bold move.
You'll be entered in to win
when we get to 3,000 subscribers.
We are inching closer and closer
and closer every day,
so do not delay.
If you would like to find out
more ways to support Sat Chats,
you can do so in our show notes,
whether it's grabbing your own slot
in the studio to tell your Bitcoin story
or to be a sponsor.
Ooh.
So, Sat Chats is for educational purposes only
and should not be construed as financial advice.
And our guest views are their own.
Until next time, keep stacking the sats.
Those sats.
Stack them up.
Stack them.
See you tomorrow.