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

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How to handle Bitcoin dips the right way.

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And spoiler, it's discounted sats.

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Get that discount.

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Number two, the simplest dollar cost average strategy that you can take as a beginner

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to make sure you're doing it the right way from the get-go.

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Number three, how to ignore all the drama and the noise and stay focused on the fundamentals.

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Today's guest is Aladdin, Bitcoin OG.

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founder of Based Trading Cards. He's here to help you lock in the right mindset for this

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time in Bitcoin's history. 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. Sats are the smallest part

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of a Bitcoin the same way pennies are the smallest part of a dollar. With SatChats, we are building

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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. Head to satchats.com

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to grab your slot in the studio today. I'm your host, Stuart.

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And I'm your co-host, Anna Bevan. And with us today in the virtual studio is number 83, Aladdin.

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Yeah.

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Back. The man's back.

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He's back. From season one to season three, this man is here.

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He took 47,823 Satoshis. He actually gave them to my boy Lion in exchange for getting a fatter

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glob of hummus on his woven wheat. You guys remember that? Because my boy was just dipping.

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Now, I was going to ask you how you feel about the fact that those Satoshis are now worth $32.73.

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But I guess technically, allegedly, they're lying Satoshis.

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But, you know, you've been around for a little while, Aladdin.

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What advice can you give to our audience about what to do during this time and how to feel during this time?

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It's a simple one to me, but I've noticed that it comes off a lot more difficult to other people.

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Let's put it in the framework of something outside of Bitcoin.

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So there's a car that you've always wanted.

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The car is $45,000, and that same exact car due to whatever circumstance, Chevy, Ford, whatever your desire,

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it just dropped with a giant sale and now that $45,000 car is 32 grand out the door.

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So do you look at that and say, eh, I'm not really interested in that car anymore. If it dropped in

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value, even though it's brand new, I just don't want it. I'll wait until it goes back up maybe

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or I just won't buy the car because it doesn't look as good on sale. To me, that's crazy. That's

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kind of like the real estate market. If you're trying to buy a house, then you want the real

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estate market to go down. You want to get the best bang for your buck. So another way that I like to

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frame it up is unless you have all the Bitcoin that you've ever wanted to have and your wallet

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is as full as you're willing to ever take it, discounts are good. So I hope that people can

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start kind of building around that because I've seen it many times. My mom was one of them. I get

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her to DCA about $50 every single month. And then I hadn't seen her for about a month and a half and

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came into her work and I'm like, mom, you're still DCA. And she's like, well, no, I stopped.

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Why? She's like, well, the value is dropping really hard right now. Well, yeah. So your $50

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is buying you a heck of a lot more Bitcoin. Are you like, you full, you got as much Bitcoin as

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you want. Oh no, no. I want a lot more Bitcoin. Well then yeah, you should be continuing that $50

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a month, if not increasing it to like 55 or 60. So hopefully we can train people around this. But

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I think that comes down to the public school systems really doing a disservice to most people.

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Oh, wow. A lot there. That was a lot. Yeah. I think the first thing is like, dang, mom,

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don't, don't, don't pause your DCA, mom. Keep your DCA going.

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Definitely. Right. I added a DCA in the dip.

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What?

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So you have...

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I added another one.

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You've got your Friday at 3 a.m. weekly.

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That's the one that I added.

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Oh, okay.

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I was doing...

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The first one was $50 every two weeks.

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$50 every two weeks.

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Yeah, and then I added $60 every week.

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What?

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Yeah!

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I mean, the thing that I love

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because I am playing around with Strike

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is that I can have multiple.

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Okay.

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Okay. Okay. And it doesn't cancel out. Yeah. Yeah. The one thing I've been like,

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cause I've been trying river instead of just stacking right into self custody with Bitcoin.

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Well, like the one thing I'm trying to figure out is like, you know, Aladdin, you'll like,

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you'll like to hear this, um, a week or two ago, like there was like a Thursday where Bitcoin just

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was like, whoosh. Yeah. You know what I mean? We're like, and we're like, oh, you know, and me,

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Me and Senor Gringo Papi were like trying to hug each other over text messages.

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We're like, hey, man, it's okay, dude.

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We got this, brother.

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Come on.

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But my son saw the price of Bitcoin over my shoulder before going to school.

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And he said, dad, I need to make an emergency purchase with my allowance.

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I was like, this kid's a man.

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This kid's a man.

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So he had 25 or 26 bucks in his allowance.

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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.

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Right.

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Gum.

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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?

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And I think maybe your mom might be feeling the same way where it's like, nobody wants to catch a falling knife.

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Yeah.

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Right.

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Yeah.

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and but but i know i know i've done so much thinking about bitcoin and and so much

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digesting of content and information and i'm trying to go deeper and deeper i know bitcoin

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is it i know it i know it period but but my monkey brain that legacy caveman architecture

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is still like hey that's a falling knife it isn't it's a car on sale for sure that's still

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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

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vhs tape during the pandemic that's like sealed and there you could you could and it's like 20

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like dude i could take this to ebay right now for three because they had that craze remember that

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no anyways i ended up saying you know what son i'm gonna buy some more bitcoin with my allowance

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as well and so i took both of our allowances i bought some on river right from the app on my

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phone for whatever reason buying the dip made me feel better like just watching a dip and being

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like oh what god what happened buying it i was like hot it kind of like totally agree and i think

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that's why i added my second dca so that i could like feel good about it like i'm really stacking

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like super stacking but it's all going to one stack and river to where i'm like now i need to

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remember that twenty dollars worth when i when i withdraw it to self-custody now i gotta tease out

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$20 worth for Lion,

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the part that I bought with my allowance,

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the part that we're doing as a family.

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And I'm hoping that these exchanges

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will start to like be able to create like little,

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because when I do it to self-custody Aladdin,

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I can just choose the address that it goes to.

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And I have like 20 addresses inside my wallet.

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I can say, this is my family stack.

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This is my stack.

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This is my son's stack.

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Right.

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In River and maybe even in Strike 2,

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I'm like, it's just one big pile of sats.

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It's one big pile.

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anyways

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it's just been kind of a wild

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time to experience this dip

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and I do appreciate

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that you're just staying the course man

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just stay the course it's gonna

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do what it always does

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yeah you have

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to have conviction at the end of the day

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and if your conviction is

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I mean our monkey brain definitely plays that one

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I think it's impossible for anyone

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not to even if they don't bring it up

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and let everyone know

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we're going to have that just run through our head here and there. But

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my conviction on Bitcoin is it's freedom money. And if it's not successful, well, we have a lot

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bigger things to worry about. So that's where I just stay the course, no matter what happens.

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And obviously, we'll always have the monkey brain fighting us to a certain degree. But I think I do

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pretty well at staying the course just on the fact that in my mind, I'm a very freedom focused

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person. And if Bitcoin fails and it goes to zero, my freedom is probably going to zero as well. And

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if that's the case, again, I've got a lot bigger things to worry about. So I'm just going to

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continue to stay the course. So Anna Bevin, freedom going to zero, how does that make you feel

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as a brand new Bitcoiner?

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Well, as like a person who believes in free markets

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and free enterprise,

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that also does not make me feel good.

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Mm-hmm, mm-hmm.

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As a conservatarian brand new Bitcoiner,

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freedom goes to zero.

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Talk to me.

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I feel concerned, afraid, and angry.

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Mm-hmm, mm-hmm.

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Probably in that order.

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Nobody wants to live in a world where like,

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every move you make is tracked and you have like a social media score over the top of your head

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like that one black mirror episode with opie's daughter in it you know what i mean it's like we

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don't we we don't want that we don't want that exactly the episode i was going to reference yeah

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have you not seen that episode no oh my god anna bevan that is like that episode makes you be like

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oh yeah like your social media is like your your your your social score your social standing is

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like visible to everyone.

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Well, there used to be a clout score.

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Is that still a thing?

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I don't know.

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But like basically like that.

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Because there used to be a clout score

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where everyone would have a clout.

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This was like,

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this was like,

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I don't know,

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2012 to 15 era

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where like social media managers

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were like jobs.

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Like you would,

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and it was always like,

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oh, you're a young person.

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You go do the social media.

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And yeah, I remember there being a clout score

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I was checking my clout score constantly

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Dang

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I had a pretty good clout score

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So how do we boost our conviction score, right?

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Because Anna Bevan is class of 2025

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I'm class of 2024

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For everybody that watched your episode

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They know that you came in earlier than that

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And that your dad taught you like some basic stuff

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back on the farm that kind of parlayed into Bitcoin where you had some, you had some like

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pre-made conviction in place for like the principles, you know what I mean? Anyways,

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what can we do to increase our conviction even in that moment where we're like,

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you know, am I catching a falling knife?

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I mean, that's a hard one because I would say each individual's conviction is going to be

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specific. So it comes down to what is most important to you, your time, your freedom.

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There's so many different angles that go at it. I really, when I talk to people about Bitcoin that

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are not into Bitcoin yet, I really like to get to know them as much as possible so that I can

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try and help them find what conviction is going to work best for them. Because again, everyone's

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different. I can only tee it up to myself around the freedom aspect. And then that can kind of go

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in many directions for many people. I mean, you just said it, it goes to zero. We have CBDC.

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If we have CBDC, I mean, your currency's dead at that point. Everything's digital. And it's

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going to be really, really difficult for everybody at that point, because you can't send your grandma

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money without having to go through checks and balances with the government or the banks

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or the parties that be.

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That to me, it's very dystopian.

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So again, my conviction is just it's Bitcoin.

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And this is the best chance we have today.

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Well, something may become tomorrow or next year, not necessarily a better Bitcoin, but

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something else that gives us another opportunity towards locking in our freedom, then I would

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support that the same way.

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But right now, as far as I can tell in my research, Bitcoin is the best opportunity we

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have right now as humans to lock in our freedom.

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So the idea is Bitcoin works because math works.

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Yeah.

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Slash Bitcoin is a protocol and nobody is out here saying these other protocols are scams.

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They're just, they're like, it's technology.

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Yeah, yeah.

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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.

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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.

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but I feel like

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Bitcoin's going to be

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like people are going to start saying that about Bitcoin

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I don't know

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now, five years from now, ten years from now

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so I hear this Bitcoin thing's here to stay

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and it would just

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everyone would die laughing

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and sometimes I do crack myself up

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by myself and I'll say

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so this internet thing's here to stay

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and no one gets it

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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

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or as I noted quietly to myself, or I'll say,

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so I can hear this internet thing's here to stay.

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My dad would always say, never mind, I'll tell you later.

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Now, what do you think about that, Aladdin?

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You know, I honestly have a rebuttal for that.

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yeah I so the internet doesn't have competition the internet is the internet

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bluetooth doesn't have competition bluetooth is bluetooth bitcoin doesn't have competition

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let's make that clear because everything else couldn't hold anything to bitcoin but there are

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millions of other blockchain crap that's out there. Let's just tee it up for what it is.

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And for the general public to look at it, they're not looking at it like this is Bitcoin and Bitcoin

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is the only option. There's all these other blockchains, Ethereum, XRP. I don't want to

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talk too much crap we'll keep it as polite as possible that protocols that

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I don't believe in that I think are dangerous in a lot of ways but there a

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lot of them will be around that's a whole nother topic whether we like it or

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not but at the end of the day these blockchains have massive massive amounts

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of money fiat their their own printed money that they make to go out there and

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market the crap out of what they're building. So you do have a lot of people outside of Bitcoin

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going, yeah, but there's this and yeah, but there's that. So that is the bummer that we have right now

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with Bitcoin. One, we are all the marketing arm for Bitcoin. There is no Bitcoin printing its own

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money for the founders of Bitcoin to go out there and market it to everybody on Super Bowl Sunday.

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it comes down to the people. And this is what I love about Bitcoin. It's one of my favorite things

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about Bitcoin, but it's also one of the things that makes it incredibly difficult for what we're

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doing because it does come down to the passion and conviction of Bitcoiners to get the word out

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about Bitcoin, which is beautiful. But we are competing against people that can print their

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own money like XRP and Ethereum and go out there and market like crazy people. So I do think that's

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the dilemma we're in right now. If you compare it to the internet or Bluetooth or something like

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that, that is the only protocol. There are unfortunately a bunch of other protocols out

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there that people outside of Bitcoin that don't know that are uneducated, that's what they compare

254
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it to. I mean, the majority of people I talk to outside of Bitcoin, they go, oh yeah, that

255
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cryptocurrency thing like Ethereum, like they're literally putting it in the same basket.

256
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So we've got a lot more education to put out and a lot bigger fight than just being an internet

257
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protocol, unfortunately. Yeah. I mean, you talk about how we are the marketing arm for Bitcoin

258
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and you're so right. Like that's, it's the people who have Bitcoin. It's the people who

259
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are brand new. It's the long timers. And so where do you feel like Bitcoin culture is right now?

260
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Because I feel like that might be a button that we should press with you.

261
00:18:10,172 --> 00:18:16,872
Yeah. Unfortunately, I think we're in one of the biggest culture crises that I've ever seen.

262
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I've been in Bitcoin since 2016 was when I really started learning. I found Tone Vase,

263
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Adam Meister, Samson Mao, some really good Bitcoiners. I was blessed to stay on the focused

264
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Bitcoin rabbit hole very early on. And I learned about everything. When the first NFTs were popping

265
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up, I was paying attention. I wasn't even buying around that time. I didn't even start DCAing until

266
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2017. And it was little, little bits at a time. And the block size wars, we had a culture crisis.

267
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I studied the Silk Road quite a bit, and that was a major culture crisis.

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I think today is the anniversary of Mt. Gox.

269
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Massive culture crisis right there.

270
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It's all these PR crises.

271
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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.

272
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It's all the people.

273
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So it is up to the culture, the community to to make it work or not make it work.

274
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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.

275
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It's not good, regardless of what side you're on.

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To me, it doesn't matter.

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It's that Bitcoin is not political.

278
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It shouldn't ever be pulled into a left or a right.

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Bitcoin is inclusive for every person on earth, regardless of race, creed, or sex.

280
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So that's a very dangerous framework that we have right now.

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Knots versus core, the battling, civil war inside of Bitcoin.

282
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It's literally our own left versus right paradigm we're battling in right now in Bitcoin.

283
00:20:13,192 --> 00:20:19,432
the toxicity against anything that isn't Bitcoin. I get it entirely, but I'm a father

284
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and I've got teenagers and you can only be so toxic to someone you're trying to educate or

285
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right over their head. And they go to the opposite of what you're asking them to do or what you're

286
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trying to educate them on. Again, Epstein files says nothing to do with Bitcoin itself, but because

287
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the people that were early adopters to Bitcoin are noted in these files. I mean, it's just bad

288
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right now. And at the end of the day, we have to come together as a community, as a culture,

289
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wake up, quit acting like children. And I will say it, I'm based trading cards. So I have to be

290
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very based in my opinions. We do need to come together as a community and stop fighting and

291
00:21:03,032 --> 00:21:10,172
really put the world first, put Bitcoin first, put inclusion for everyone first.

292
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And I just keep saying we are all the marketing arm for Bitcoin. And the PR comes down to every

293
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one of us that is out there talking about Bitcoin. And you have to represent it with respect and

294
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dignity. And if you don't, then you're making Bitcoin look bad, which is highly unfortunate.

295
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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.

296
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this is humanity right now it's the test of humanity in a way that has never been done before

297
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it's really beautiful in a lot of ways but it's it's it's a battle unlike any other battle in

298
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order for us to succeed but i have faith and as a father again i have to have faith in humanity so

299
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that i have faith that my kids are going to grow up in a beautiful world otherwise um it's really

300
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hard to get up each day. So I do put my faith in people the best I can. And we all need to just

301
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work our butts off and find values in each other. And it's the last thing I'll say on it with my

302
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rant, it's contagious. Happiness, goodness, kindness is contagious. And you may not feel

303
00:22:45,432 --> 00:22:51,372
like it today, you may be down in the dumps, but go out there and do something good. Open a door for

304
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somebody, put a smile on your face, whether you want to or not. And at the end of the day,

305
00:22:55,472 --> 00:22:59,232
you're going to feel really, really good. And you're going to pass that on to more and more

306
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people. And that's how we're going to start moving forward. All right. So let's take a second here.

307
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We heard

308
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Bitcoin Civil War

309
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Currently going on

310
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Yeah

311
00:23:14,132 --> 00:23:15,052
Sorry, big rant

312
00:23:15,052 --> 00:23:16,552
No, no, no

313
00:23:16,552 --> 00:23:17,912
It's great

314
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It's good, it's good

315
00:23:18,732 --> 00:23:20,152
So the, you know

316
00:23:20,152 --> 00:23:22,032
Bitcoin Civil War today

317
00:23:22,032 --> 00:23:22,632
Yeah

318
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Not the block size wars

319
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That we covered with

320
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Jeremy the Bitcoin Cash guy

321
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Which Lion was also on that episode

322
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By the way

323
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Aladdin

324
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And the dude offered him

325
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$100 worth of Bitcoin Cash

326
00:23:36,552 --> 00:23:44,472
during the anyways we heard we heard new civil war we heard knots versus core we heard epstein

327
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files we heard you know eventual success of bitcoin being a culture moment there like as a as

328
00:23:53,532 --> 00:24:01,592
the brandest new bitcoiner among us as the most brand new yeah what questions do you have for

329
00:24:01,592 --> 00:24:04,032
Aladdin on any of those items?

330
00:24:04,992 --> 00:24:07,312
I have no idea what Knott's versus Core is.

331
00:24:07,492 --> 00:24:08,572
Don't know what that is.

332
00:24:11,252 --> 00:24:15,952
I'm still surprised that, and I feel like, I don't know if this is insensitive to say

333
00:24:15,952 --> 00:24:17,172
or I'm just tired of hearing about it.

334
00:24:18,172 --> 00:24:18,572
I don't know.

335
00:24:18,692 --> 00:24:24,512
How much is the Epstein files controversy really impacting Bitcoin?

336
00:24:24,892 --> 00:24:30,652
Like, how much does that matter to me or to like new Bitcoiners who are coming into the

337
00:24:30,652 --> 00:24:31,132
space?

338
00:24:31,132 --> 00:24:35,612
Like, I don't, are they paying attention that much to it?

339
00:24:35,652 --> 00:24:38,512
Or does that fall within that, like, a civil war?

340
00:24:40,632 --> 00:24:41,752
I don't know.

341
00:24:42,092 --> 00:24:50,332
Do bad actors have an impact on Bitcoin itself working or being valuable?

342
00:24:50,732 --> 00:24:53,812
Right, which I think would, I think it's probably my question.

343
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Because if we believe math, if we go back to your thing,

344
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because like we,

345
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we actually don't really talk a lot about anybody else

346
00:25:01,232 --> 00:25:03,712
other than Satoshi on the show.

347
00:25:03,852 --> 00:25:07,232
We talk about Bitcoin and like how the math,

348
00:25:07,332 --> 00:25:10,212
maths and it's a protocol.

349
00:25:10,212 --> 00:25:11,092
And if it works,

350
00:25:11,152 --> 00:25:11,732
it works.

351
00:25:11,732 --> 00:25:17,412
And there are 26,000 other computers that are verifying

352
00:25:17,412 --> 00:25:18,332
everything that's happening.

353
00:25:18,692 --> 00:25:19,912
Like those are,

354
00:25:20,152 --> 00:25:21,312
that's divorced from,

355
00:25:21,652 --> 00:25:23,552
from the people in this space.

356
00:25:23,552 --> 00:25:23,832
Like,

357
00:25:24,192 --> 00:25:24,392
I mean,

358
00:25:24,392 --> 00:25:25,832
you'll mention Jack Maulers.

359
00:25:26,152 --> 00:25:26,532
Yep.

360
00:25:26,712 --> 00:25:33,752
I mean, we've had Jeff Booth, James Lavish, Jameson Lopp.

361
00:25:34,112 --> 00:25:39,392
But like outside of that, I probably couldn't really tell you any of the other major Bitcoin people.

362
00:25:40,472 --> 00:25:42,312
For good or bad.

363
00:25:43,432 --> 00:25:52,412
So what's your take on that, Alada, in terms of like, you know, do the Epstein files have an impact on Bitcoin itself?

364
00:25:53,032 --> 00:25:55,392
So no, not whatsoever.

365
00:25:55,392 --> 00:25:56,392
Bitcoin is going to do.

366
00:25:56,512 --> 00:25:57,392
Bitcoin is a honey badger.

367
00:25:58,272 --> 00:25:59,192
And that's what I love about Bitcoin.

368
00:25:59,912 --> 00:26:00,392
Yes.

369
00:26:00,572 --> 00:26:04,412
So at the end of the day, no, it will not affect Bitcoin itself whatsoever.

370
00:26:05,072 --> 00:26:08,812
Sadly, what it will affect is new people getting into Bitcoin.

371
00:26:09,392 --> 00:26:11,032
The algorithm loves drama.

372
00:26:11,932 --> 00:26:12,852
Yes, that's true.

373
00:26:12,872 --> 00:26:14,592
One of the things I hate about social media.

374
00:26:15,032 --> 00:26:24,632
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.

375
00:26:24,632 --> 00:26:30,972
So with anything bad they can say about Bitcoin, it'll obviously be pushed up in the algorithm.

376
00:26:31,152 --> 00:26:39,192
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.

377
00:26:39,392 --> 00:26:41,872
But then you have the people that just love to stir up drama.

378
00:26:42,592 --> 00:26:44,452
This will work really well in the algorithm.

379
00:26:44,452 --> 00:26:51,132
It's going to work a lot better than goodness and kindness because anger and animosity always moves up in the algorithm.

380
00:26:51,132 --> 00:26:58,512
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.

381
00:26:59,432 --> 00:27:02,852
And this is a bad drama for people that know nothing about Bitcoin.

382
00:27:03,812 --> 00:27:16,192
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?

383
00:27:16,272 --> 00:27:17,612
Was it made by the Republicans?

384
00:27:17,612 --> 00:27:25,312
these are really bad toxic things for Bitcoin culture right now and for people that want to

385
00:27:25,312 --> 00:27:30,332
come into Bitcoin because it seems very exclusive to a lot of people when you frame it that way.

386
00:27:31,132 --> 00:27:36,172
So even though all the Epstein stuff is a load of crap in a lot of ways,

387
00:27:36,612 --> 00:27:39,872
because at the end of the day, it's like, oh, so someone that bought Bitcoin or someone that

388
00:27:39,872 --> 00:27:46,912
might have worked on the Bitcoin protocol at some point had a conversation or an email with Epstein.

389
00:27:46,912 --> 00:27:54,552
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.

390
00:27:54,692 --> 00:27:57,852
They're just going to see what's on that outer edge and they're going to write it off.

391
00:27:58,412 --> 00:28:12,732
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.

392
00:28:12,732 --> 00:28:29,872
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.

393
00:28:30,072 --> 00:28:33,532
And then they're like, write it off. I want nothing to do with that whatsoever.

394
00:28:34,212 --> 00:28:37,912
So it's a big deterrent right now. It's very, very unfortunate.

395
00:28:37,912 --> 00:28:46,152
so what about the content as well you you know before we started taping you talked about some

396
00:28:46,152 --> 00:28:55,212
type of content proliferation or content inflation content inflation man and anna bevan she coined it

397
00:28:55,212 --> 00:29:02,652
here on the show you know some people think an inflationary environment is superior some people

398
00:29:02,652 --> 00:29:15,944
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

399
00:29:16,124 --> 00:29:17,564
Yeah, flation.

400
00:29:18,364 --> 00:29:23,764
But we're having content in flation right now. Talk to me about that, because does that tie into

401
00:29:23,764 --> 00:29:32,204
your, your, because I've seen it too, like all we do here all day is just have positive vibrations,

402
00:29:32,204 --> 00:29:39,884
we chat about sats we try to stay away from all caps bitcoin content yeah we're not in here

403
00:29:39,884 --> 00:29:47,824
shouting about jamie diamond um we try to be as welcoming as humanly possible and i think the

404
00:29:47,824 --> 00:29:54,804
the algorithms of the internet are like who wants to see the bob ross of bitcoin paint a happy little

405
00:29:54,804 --> 00:30:00,244
tree over here on by the it's like i'm like that's what we actually need though like we actually like

406
00:30:00,244 --> 00:30:08,624
You almost have to try as hard as you possibly can to curate a positive stream of information for yourself out of the internet.

407
00:30:08,844 --> 00:30:16,444
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.

408
00:30:16,744 --> 00:30:20,644
So does that all tie in there to that content inflation piece?

409
00:30:21,804 --> 00:30:24,384
Yeah, I mean, I think it goes much larger than that.

410
00:30:24,564 --> 00:30:26,864
We have it in the Bitcoin space for sure.

411
00:30:26,864 --> 00:30:35,184
I've been talking to a lot of the Bitcoin conference organizers and a lot of them are

412
00:30:35,184 --> 00:30:41,444
picking up what I think the change that needs to happen. So we have content inflation in Bitcoin

413
00:30:41,444 --> 00:30:48,744
all over the place from the social media channels to podcasts galore all day long. And it's interview

414
00:30:48,744 --> 00:30:54,904
after interview. How many times can you listen to the same person tee up what their personal

415
00:30:54,904 --> 00:31:03,264
opinion is on Bitcoin or the charts or where we're moving right now in price day after day after day,

416
00:31:03,384 --> 00:31:08,664
interview after interview. So once you've seen that, and I won't name names, but there's a lot

417
00:31:08,664 --> 00:31:15,564
of them that you see over and over and over again, and they go on these tours. And I guess it works

418
00:31:15,564 --> 00:31:20,264
because they're still doing it. But then you have the conferences and these same people come up on

419
00:31:20,264 --> 00:31:24,664
stage and you're like, well, they were just on a podcast for an hour and a half or three hours.

420
00:31:24,904 --> 00:31:29,464
couple days ago and now they're on stage what new could they be talking about that i didn't hear in

421
00:31:29,464 --> 00:31:34,504
this three-hour podcast a couple days ago so do i really want to go sit and listen to this same

422
00:31:34,504 --> 00:31:39,864
person talk i get to see them in person that's cool but it's a conversation around economics

423
00:31:39,864 --> 00:31:47,944
which after studying economics non-stop and seeing literally thousands of videos since 2016

424
00:31:47,944 --> 00:31:54,184
thousands of videos thousands and thousands of hours yeah unless it's something new i'm kind of

425
00:31:54,184 --> 00:31:59,324
good. So I see a lot of the conferences starting to see that. Hopefully they start bringing in

426
00:31:59,324 --> 00:32:06,124
bands, music. Let's bring in some fun and excitement because it is the culture that is

427
00:32:06,124 --> 00:32:12,104
going to make people go, oh, wow, Bitcoin looks fun and not, oh, wow, Bitcoin is a bunch of

428
00:32:12,104 --> 00:32:19,624
podcasts that are so boring. I want to literally tear my ears out. And I'm sorry. I know it's a

429
00:32:19,624 --> 00:32:25,724
based opinion, but it's economics. And this is why most people have no clue what money is or how

430
00:32:25,724 --> 00:32:31,384
money works because they're like, this is the most boring topic. It's news talk radio around

431
00:32:31,384 --> 00:32:36,904
economics. And these are the things that as kids, we were like, oh my God, my dad listening to this

432
00:32:36,904 --> 00:32:41,964
stuff, I can't handle it. And now I am that dad and my kids have put up with it for many, many

433
00:32:41,964 --> 00:32:50,944
years now. So taking that to the next level, that content inflation, I like to form it in a way

434
00:32:50,944 --> 00:32:57,724
that people that are old like me might be able to understand and really tee it back to scarcity

435
00:32:57,724 --> 00:33:04,804
and why that is so important. So when I was a kid, you were very, very blessed to have

436
00:33:04,804 --> 00:33:11,604
cable TV. Normally, I think the majority of people had the bunny ears and you were trying

437
00:33:11,604 --> 00:33:17,204
to capture those like five channels if you were lucky so we really didn't get cartoons unless you

438
00:33:17,204 --> 00:33:20,984
were one of those kids that woke up at like five o'clock in the morning i think a couple of the

439
00:33:20,984 --> 00:33:28,344
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

440
00:33:28,344 --> 00:33:34,024
boom it was news or it was whatever else stuff that was there but saturday morning we waited all

441
00:33:34,024 --> 00:33:40,684
week because that was the morning that we had cartoons all morning long and we all got them

442
00:33:40,684 --> 00:33:49,124
Saturday morning. So all week, it was this scarcity that was built around these cartoons.

443
00:33:49,124 --> 00:33:55,444
And as a kid, only getting it once a week. I mean, we were like saving our cereal. You got a little

444
00:33:55,444 --> 00:33:59,744
bit in that bag left and that's for Saturday morning. And you hit it from your brother so

445
00:33:59,744 --> 00:34:04,424
that he didn't eat it all before Saturday morning. And you hated waking up early, but Saturday,

446
00:34:04,524 --> 00:34:09,504
you were going to bed as early as you could Friday night, or you were just waking up so tired. You

447
00:34:09,504 --> 00:34:14,624
didn't even care, 5, 6 a.m. so that you could capture as many hours of cartoons as you could

448
00:34:14,624 --> 00:34:21,164
before mom and dad woke up and told you, get out of the house. It's a sunny day. That was amazing.

449
00:34:22,044 --> 00:34:29,804
That is the complete opposite of what we have today and why I think time is moving faster than

450
00:34:29,804 --> 00:34:35,284
it ever has before because everything has been inflated. When content has been inflated,

451
00:34:35,284 --> 00:34:38,964
then your experiences are being inflated massively.

452
00:34:39,584 --> 00:34:41,444
So there is no Friday.

453
00:34:41,864 --> 00:34:42,944
There is no Saturday.

454
00:34:43,124 --> 00:34:44,324
There is no Sunday anymore

455
00:34:44,324 --> 00:34:49,164
because we have access to everything every day of the week.

456
00:34:49,524 --> 00:34:53,164
And I think this is one of the biggest movements

457
00:34:53,164 --> 00:34:55,084
that's happening in humanity right now

458
00:34:55,084 --> 00:34:58,344
and really just like slopping everything up

459
00:34:58,344 --> 00:35:01,304
is there are no more days of the week

460
00:35:01,304 --> 00:35:07,144
because that content has just been inflated across the entire week.

461
00:35:07,644 --> 00:35:18,984
Dude, can I just say that my mom would set the volume on the television the night before.

462
00:35:19,884 --> 00:35:26,984
And after my brother and I had gotten ourselves ready to go for Saturday morning cartoons

463
00:35:26,984 --> 00:35:31,464
and we turn on the TV, we could not turn the volume up.

464
00:35:31,624 --> 00:35:34,964
And I'm trying to tell you, we could not hear the show, man.

465
00:35:35,044 --> 00:35:36,204
Like, it was so low.

466
00:35:36,424 --> 00:35:38,204
We could not hear the show.

467
00:35:38,444 --> 00:35:41,644
So we would be sitting, like, directly in front of the TV

468
00:35:41,644 --> 00:35:44,004
to just try to even hear what was going on.

469
00:35:44,404 --> 00:35:46,644
And then she'd come out, like, back up.

470
00:35:46,664 --> 00:35:48,224
And we're like, well, we can't even hear it.

471
00:35:48,564 --> 00:35:54,044
And also, by the way, we would, my brother and I, number two, Jorma,

472
00:35:54,044 --> 00:36:01,464
we would get like the giant popcorn bowl and then we would put a whole box of cereal in it

473
00:36:01,464 --> 00:36:07,724
and then we would fill that sucker up with like an enormous amount of milk and we would eat out of

474
00:36:07,724 --> 00:36:14,424
the same bowl for the saturday morning cartoon dude it was a whole box of cereal that we would

475
00:36:14,424 --> 00:36:21,384
crunch on watching those saturday morning cartoons man let's go okay that is wild my grandparents

476
00:36:21,384 --> 00:36:23,264
whenever we would spend the night with them,

477
00:36:23,364 --> 00:36:26,764
they would say that their cartoons didn't start until eight.

478
00:36:28,544 --> 00:36:30,504
So they lied to us.

479
00:36:30,684 --> 00:36:31,544
Oh, wow.

480
00:36:32,044 --> 00:36:34,904
Like at their house, cartoons didn't start until eight.

481
00:36:35,244 --> 00:36:36,344
Wowie zowie.

482
00:36:36,744 --> 00:36:37,064
Yeah.

483
00:36:37,364 --> 00:36:39,544
Grandma and grandpa debased.

484
00:36:39,644 --> 00:36:42,764
I love the lies that parents tell their kids.

485
00:36:42,884 --> 00:36:45,064
Like I have a friend sidebar on this one,

486
00:36:45,104 --> 00:36:45,784
but I have to share it.

487
00:36:45,784 --> 00:36:49,284
She lies to her kids about A, when Christmases.

488
00:36:50,424 --> 00:36:50,984
What?

489
00:36:50,984 --> 00:36:55,784
Because they're so little, they can't read the calendar, and they don't know, like, days of the week or anything.

490
00:36:56,444 --> 00:37:00,404
Lies to them about when Christmas is, and Christmas is when it's convenient for her.

491
00:37:00,884 --> 00:37:01,244
What?

492
00:37:01,584 --> 00:37:06,564
Because they travel for Christmas, and she lies to them about when their birthday is.

493
00:37:06,724 --> 00:37:08,024
So, again, that's convenient.

494
00:37:08,024 --> 00:37:08,704
Who is this?

495
00:37:09,284 --> 00:37:16,684
A really good friend of mine, and I love it because she, like, she doesn't want to have, like,

496
00:37:16,684 --> 00:37:19,264
if their birthday party is on Saturday

497
00:37:19,264 --> 00:37:21,164
after their birthday being on a Monday,

498
00:37:22,004 --> 00:37:25,584
she lies to them their birthday is on the Saturday.

499
00:37:26,604 --> 00:37:27,124
Yo.

500
00:37:27,424 --> 00:37:28,284
I mean, like, she's...

501
00:37:28,284 --> 00:37:29,144
Find this lady.

502
00:37:29,444 --> 00:37:31,304
Find this lady and arrest her, Aladdin.

503
00:37:31,304 --> 00:37:35,244
She's since had to, like, change that a little bit

504
00:37:35,244 --> 00:37:38,004
because the kids can now read calendars

505
00:37:38,004 --> 00:37:39,264
and know days of the week.

506
00:37:39,384 --> 00:37:39,704
Yeah.

507
00:37:40,064 --> 00:37:42,284
And so, like, she can't hold that lie forever,

508
00:37:42,664 --> 00:37:45,204
but I loved it.

509
00:37:45,204 --> 00:37:47,264
Dude, that's so great.

510
00:37:47,864 --> 00:37:49,924
I'm not, I'm not, I'm not there for that.

511
00:37:50,344 --> 00:37:50,504
Now.

512
00:37:50,604 --> 00:37:51,104
So funny.

513
00:37:51,324 --> 00:37:52,564
I'm not, I'm not a part of that.

514
00:37:52,564 --> 00:38:02,964
Now, Aladdin, there is a lot in this world that can make us get kind of upside down quickly

515
00:38:02,964 --> 00:38:13,704
and feeling just unsettled that we are connected around the clock to a stream of negative information

516
00:38:13,704 --> 00:38:19,104
that's being fed to us by an algorithm in a way that is almost irresistible.

517
00:38:19,644 --> 00:38:25,244
And, you know, we look back at the 90s, the 90s rocked, and then we got rocked.

518
00:38:25,344 --> 00:38:28,024
And then it's like, can we get back there?

519
00:38:30,164 --> 00:38:36,804
And to your point, the same podcasts with the same guests are saying the same things

520
00:38:36,804 --> 00:38:40,744
because they aren't bringing in people from all over the world to help them stack their first stats.

521
00:38:40,824 --> 00:38:42,224
And almost every single episode is different.

522
00:38:42,224 --> 00:38:48,064
shout out to ourselves okay plus the same person can't show up except for once every nine months so

523
00:38:48,064 --> 00:38:52,664
you're guaranteed to not see repeats learning experience holler we set this show up right the

524
00:38:52,664 --> 00:39:00,864
first time um you know it's pretty simple once you learn that it works you just stack sats and

525
00:39:00,864 --> 00:39:06,264
you keep rolling you know what i mean like big there actually isn't a whole lot to bitcoin once

526
00:39:06,264 --> 00:39:11,864
you finally understand it you just buy some regularly and go out there and live your life

527
00:39:11,864 --> 00:39:25,524
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?

528
00:39:26,984 --> 00:39:36,984
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.

529
00:39:36,984 --> 00:39:44,024
It's again, it's conviction that you have to find, even if it's just your decision, it's not even Bitcoin.

530
00:39:44,024 --> 00:39:57,864
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?

531
00:39:57,864 --> 00:40:11,324
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.

532
00:40:11,324 --> 00:40:17,204
So sum it up. Let's say you're a person that five dollars a day.

533
00:40:17,584 --> 00:40:33,184
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.

534
00:40:33,184 --> 00:40:37,264
no problem. It wouldn't hurt me. So I'm going to take that $5. I'm going to put it into Bitcoin

535
00:40:37,264 --> 00:40:42,644
and I'm going to DCA every single day, $5, because I don't need that to pay my rent. I don't need

536
00:40:42,644 --> 00:40:48,624
that for a car payment. I honestly could just throw $5 in the trash every day. And it's not

537
00:40:48,624 --> 00:40:53,304
going to harm my bottom line at the end of the month, whether it's $5, a dollar, whatever that

538
00:40:53,304 --> 00:41:01,284
50 cents, whatever it is, find that number and DCA it into Bitcoin every day, every once a week,

539
00:41:01,284 --> 00:41:08,244
whatever it is, and remind yourself that you shouldn't even be looking at what it's worth.

540
00:41:08,504 --> 00:41:14,264
You shouldn't even be checking your bank unless you got a pay cut or something financially,

541
00:41:14,264 --> 00:41:19,944
you can't afford that $1 or $5, whatever it is a day. Other than that, you say, I have the

542
00:41:19,944 --> 00:41:26,524
conviction. It doesn't matter what Bitcoin ends up doing. This is my bet or this is my donation

543
00:41:26,524 --> 00:41:29,124
towards something positive for humanity.

544
00:41:29,264 --> 00:41:30,844
Because again, if Bitcoin is successful,

545
00:41:31,264 --> 00:41:33,684
it will be success for all of humanity.

546
00:41:34,444 --> 00:41:35,864
That's how I got my dad to jump in.

547
00:41:36,144 --> 00:41:38,244
I said, it's a charity you're donating to,

548
00:41:38,544 --> 00:41:39,684
to strengthen the protocol.

549
00:41:40,144 --> 00:41:42,624
And at the end of the day, if this charity is successful,

550
00:41:43,124 --> 00:41:47,064
you actually get a massive bonus

551
00:41:47,064 --> 00:41:49,644
on all of the money that you ever gave to the charity.

552
00:41:50,024 --> 00:41:53,844
It could 5X, 10X, 100X, 1,000X, who knows?

553
00:41:53,944 --> 00:41:55,164
There's no end to where it could go.

554
00:41:55,164 --> 00:41:57,664
So it's the only charity that you can actually get paid back on.

555
00:41:58,104 --> 00:41:59,284
So figure it out in your mind.

556
00:41:59,984 --> 00:42:01,024
Find that conviction.

557
00:42:01,284 --> 00:42:04,324
Find that amount, 50 cents, 25 cents, $5.

558
00:42:04,844 --> 00:42:06,044
Doesn't matter what it is.

559
00:42:06,244 --> 00:42:10,124
And make sure it's an amount of money that you don't need each month.

560
00:42:10,564 --> 00:42:11,744
And just put it in there.

561
00:42:12,304 --> 00:42:14,624
And don't look at it.

562
00:42:14,724 --> 00:42:17,264
And let it just continue to go and go and go.

563
00:42:17,604 --> 00:42:24,364
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.

564
00:42:24,364 --> 00:42:34,584
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.

565
00:42:35,104 --> 00:42:36,344
I think that's the biggest one.

566
00:42:36,484 --> 00:42:42,224
Don't invest more money in the beginning, especially until you have 100 percent conviction.

567
00:42:42,424 --> 00:42:47,444
Do not invest more money than you can afford to lose because you will continue to look at it.

568
00:42:47,504 --> 00:42:50,824
You will continue to open up your app or whatever it's on and constantly go.

569
00:42:50,884 --> 00:42:51,984
Did I make the right choice?

570
00:42:52,424 --> 00:42:53,464
It's dropping in value.

571
00:42:53,464 --> 00:43:00,624
Should I stop my DCA? Should I increase my DC? If you just put an amount in there that you can

572
00:43:00,624 --> 00:43:07,124
afford to lose every single day, you shouldn't worry about it. Just let it do its thing. And

573
00:43:07,124 --> 00:43:12,424
I've seen that be the most successful strategy out of any of the people that have actually

574
00:43:12,424 --> 00:43:16,904
implemented it. I mean, it's incredible. You could go all the way back to when I got in

575
00:43:16,904 --> 00:43:23,424
um, 20, 21,000 peak kind of ish and back down.

576
00:43:23,424 --> 00:43:27,264
And I didn't have much money then. And my kids, very similar to lion,

577
00:43:27,384 --> 00:43:31,864
they were putting in $5 here, $10 there, $1 here and there.

578
00:43:32,304 --> 00:43:34,684
It was the best decision that they ever made,

579
00:43:34,804 --> 00:43:57,756
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

580
00:43:57,756 --> 00:44:04,396
of the day, I love your show, Sats Chats. Make your goal in Satoshis. I want to be a Satoshi

581
00:44:04,396 --> 00:44:09,836
millionaire. What would it take to be a Satoshi millionaire today? I can't see your pricing,

582
00:44:09,836 --> 00:44:19,276
but I think we're like 68, nine. So let's say $700 and you are a Satoshi millionaire. So start

583
00:44:19,276 --> 00:44:25,096
putting that in your mind and going, okay, if I start putting in a dollar a day, that's like 30

584
00:44:25,096 --> 00:44:31,396
bucks a month on average. So within a year or two from now at a dollar a day, 30 bucks a month,

585
00:44:31,436 --> 00:44:36,776
which in America is nothing. I could be a Satoshi millionaire potentially within a year,

586
00:44:36,776 --> 00:44:41,996
a year and a half of them now. That's huge. And if it drops in value during that time, not value,

587
00:44:41,996 --> 00:44:47,656
drops in fiat price during that time, you could be a Satoshi millionaire in six months potentially.

588
00:44:48,876 --> 00:44:54,596
So just find it in your mind. I think for most people that are listening that are not fully all

589
00:44:54,596 --> 00:45:01,736
into Bitcoin, you will be so freaking successful if you just invest what you can afford to lose

590
00:45:01,736 --> 00:45:03,576
every week or every month.

591
00:45:03,736 --> 00:45:05,456
And do not put more than that

592
00:45:05,456 --> 00:45:07,696
because you will not question your investment

593
00:45:07,696 --> 00:45:09,836
because it's money you were going to throw away.

594
00:45:11,496 --> 00:45:13,356
So before, first of all,

595
00:45:13,656 --> 00:45:15,196
not that based, right?

596
00:45:15,596 --> 00:45:16,916
Just like the trading cards.

597
00:45:17,036 --> 00:45:18,716
Just before we jump into the hummus,

598
00:45:18,796 --> 00:45:21,816
give us three minutes on your fourth series of cards,

599
00:45:21,816 --> 00:45:26,536
which are literally getting gobbled up by the time.

600
00:45:26,836 --> 00:45:29,876
I'm like, the notifications from your Telegram community

601
00:45:29,876 --> 00:45:30,916
are hitting my phone.

602
00:45:30,916 --> 00:45:38,236
and dudes are like, I bought a box, I bought a bundle, I bought three bundles, says that I can't

603
00:45:38,236 --> 00:45:45,556
even get any more on the website. People are going insane for your collectible cards.

604
00:45:46,296 --> 00:45:52,656
And that new drop is something that has happened between your episodes. So give us three minutes on

605
00:45:52,656 --> 00:45:59,976
that. Yeah, series four is the simulation. Perfect timing for everything right now. We are,

606
00:45:59,976 --> 00:46:03,716
as a company moving really, really hard into nostalgia.

607
00:46:03,976 --> 00:46:07,516
As you could tell in some of my discussions, back to the good old days.

608
00:46:08,136 --> 00:46:12,616
And I was a collector and a trading card lover my entire life.

609
00:46:13,796 --> 00:46:16,856
Back then, less content inflation.

610
00:46:17,756 --> 00:46:18,996
So it was just a better time.

611
00:46:19,476 --> 00:46:22,896
So this set is 21,000 packs once a year.

612
00:46:22,996 --> 00:46:27,296
This is the simulation and it will only be one simulation series that we ever create.

613
00:46:27,296 --> 00:46:34,416
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.

614
00:46:35,076 --> 00:46:37,156
Very, very similar to fiat money.

615
00:46:37,496 --> 00:46:44,196
And this is why we created trading cards to try and explain to people through a medium that they might already understand.

616
00:46:45,796 --> 00:46:51,996
The Federal Reserve has a button and they can print unlimited amounts of money without having to ask permission.

617
00:46:51,996 --> 00:46:57,416
trading card companies can print unlimited amounts of trading cards and they don't have

618
00:46:57,416 --> 00:47:02,116
to ask any permission most people think that pokemon prints around 2 million packs a year

619
00:47:02,116 --> 00:47:08,596
let me clear that up for everybody pokemon prints on average around a billion packs of trading cards

620
00:47:08,596 --> 00:47:13,756
a year and that has been an average for a good handful of years before that you're in the hundreds

621
00:47:13,756 --> 00:47:20,076
of millions it's a lot of pokemon packs out there i love pokemon this is no shade against pokemon i

622
00:47:20,076 --> 00:47:24,516
If people are willing to buy it and they're making, they're keeping up with the demand.

623
00:47:24,656 --> 00:47:25,016
Awesome.

624
00:47:25,176 --> 00:47:26,216
I think that's incredible.

625
00:47:26,896 --> 00:47:28,376
It's a beautiful culture.

626
00:47:28,736 --> 00:47:29,616
Pokemon is great.

627
00:47:30,576 --> 00:47:32,436
But just understand what you're investing in.

628
00:47:32,736 --> 00:47:33,976
Same for saving dollars.

629
00:47:34,256 --> 00:47:35,576
Understand what you're investing in.

630
00:47:35,876 --> 00:47:37,656
Stuart, I know you're Magic the Gathering.

631
00:47:37,736 --> 00:47:38,876
I love Magic the Gathering.

632
00:47:38,876 --> 00:47:43,936
I didn't create a TCG game because I don't think I would ever be able to compete with Magic the Gathering.

633
00:47:44,096 --> 00:47:47,116
They're insane the way that their game mechanics work.

634
00:47:47,436 --> 00:47:49,916
They've also patented them, so I cannot use any of them.

635
00:47:50,076 --> 00:47:53,496
So I'm not going to try and go compete with the game that I grew up loving.

636
00:47:54,216 --> 00:48:00,016
But scarcity wise, Magic the Gathering prints around 500 million packs a year, if not more.

637
00:48:00,736 --> 00:48:03,696
500 million packs a year.

638
00:48:04,256 --> 00:48:05,656
Buy them because you love them.

639
00:48:06,016 --> 00:48:08,116
Buy them for the chase, whatever your reason is.

640
00:48:08,176 --> 00:48:10,216
But just understand what you're investing in.

641
00:48:10,576 --> 00:48:17,916
That's what we've created with base trading cards is something that makes you stop and go, hmm, 21,000 packs.

642
00:48:17,916 --> 00:48:23,936
I've never heard of a company telling me how many packs they print that sounds high that sounds low

643
00:48:24,156 --> 00:48:32,156
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

644
00:48:33,196 --> 00:48:35,196
community going nuts and

645
00:48:35,196 --> 00:48:41,336
Big values around the secondary market of these cards. It's because of transparency. It's because of scarcity

646
00:48:41,576 --> 00:48:45,976
It's because of finite supply that does not exist in the hobby today

647
00:48:45,976 --> 00:48:54,376
day. So we are the Bitcoin to the trading card industry. And that is what I think gets people

648
00:48:54,376 --> 00:49:01,076
really fired up around our cards is that you have a company you can trust that puts out verifiable

649
00:49:01,076 --> 00:49:06,076
numbers. And this is something that other companies don't do. And again, I'm not trying to put shade

650
00:49:06,076 --> 00:49:10,996
on these other companies. They are what inspired me to do what I'm doing. I love the trading card

651
00:49:10,996 --> 00:49:19,936
industry. I just want the same way you would say an educated investor is a successful investor.

652
00:49:20,716 --> 00:49:27,396
An educated trading card collector or collector in general is a successful collector. I want to

653
00:49:27,396 --> 00:49:32,196
bring that same thing into trading cards. I want to teach as many people about Bitcoin, money,

654
00:49:32,196 --> 00:49:40,576
freedom, ethics, just good values that we need back in this world. I think the best and simplest

655
00:49:40,576 --> 00:49:45,996
way to do that is meet people where they're at. And the trading card industry is a generational

656
00:49:45,996 --> 00:49:51,556
industry. You got grandfather that collected, he passed down to his granddaughter or to his

657
00:49:51,556 --> 00:49:59,916
daughter or son. She passed those down to her child. I love that about the culture in collectibles.

658
00:50:00,476 --> 00:50:07,776
Same with classic cards. You have generational families together in the garage together,

659
00:50:07,776 --> 00:50:13,296
working on these cars and passing them down. This is the beauty. This is the getting back to the good

660
00:50:13,296 --> 00:50:18,756
old days that I want to try to promote as much as I can with my product. And I think this is where

661
00:50:18,756 --> 00:50:23,576
the success of base trading cards is really starting to explode. And we just got our first

662
00:50:23,576 --> 00:50:30,196
major retail partner with Dave and Adams, largest online trading card store in the entire world.

663
00:50:30,196 --> 00:50:35,856
And they are our first online retailer. This is massive. And this is where we're starting to

664
00:50:35,856 --> 00:50:42,896
really get that uptick and move into the traditional trading card market in a way we never had.

665
00:50:43,136 --> 00:50:47,616
And we've got a lot of incredible things coming this year. This is our big launch year. It's been

666
00:50:47,616 --> 00:50:54,516
four years building up to this year and we're going as hard and as based as ever before.

667
00:50:55,516 --> 00:51:00,496
Hopefully more and more people will be hearing the word based and relating that to trading cards.

668
00:51:01,076 --> 00:51:01,876
Let's go.

669
00:51:02,096 --> 00:51:03,436
That's awesome. Congratulations.

670
00:51:03,836 --> 00:51:03,996
Yes.

671
00:51:03,996 --> 00:51:05,296
That's a lot of hard work.

672
00:51:05,456 --> 00:51:05,936
It is.

673
00:51:06,016 --> 00:51:06,496
It is.

674
00:51:06,736 --> 00:51:08,856
Sad chats and based trading cards.

675
00:51:09,196 --> 00:51:11,116
Pushing the culture forward here, folks.

676
00:51:11,156 --> 00:51:11,416
Okay?

677
00:51:11,956 --> 00:51:12,256
Yes.

678
00:51:12,316 --> 00:51:12,716
All right.

679
00:51:12,796 --> 00:51:14,456
We are not stopping, period.

680
00:51:14,816 --> 00:51:15,996
The three of us right here.

681
00:51:16,076 --> 00:51:16,416
Come on.

682
00:51:17,076 --> 00:51:17,456
All right.

683
00:51:17,456 --> 00:51:21,976
So let's turn it over then to Ithaca Hummus.

684
00:51:21,976 --> 00:51:24,596
Our Buy the Dip moment sponsor.

685
00:51:25,036 --> 00:51:28,596
Ithaca reminds us to Buy the Dip.

686
00:51:29,676 --> 00:51:33,856
So today we will be acting as your taste buds in the studio.

687
00:51:33,996 --> 00:51:35,916
with Lemon Beat.

688
00:51:36,616 --> 00:51:37,636
Look at that, beautiful.

689
00:51:37,816 --> 00:51:38,876
Which we haven't had Lemon Beat

690
00:51:38,876 --> 00:51:40,316
in the studio for a while.

691
00:51:40,876 --> 00:51:41,956
We went hard on it

692
00:51:41,956 --> 00:51:42,696
at the end of the year.

693
00:51:43,296 --> 00:51:44,756
Very good in the summer too,

694
00:51:44,836 --> 00:51:45,396
I feel like.

695
00:51:45,516 --> 00:51:47,196
Oh, that'll be a nice transition

696
00:51:47,196 --> 00:51:49,976
as the weather decides to summer up.

697
00:51:50,596 --> 00:51:50,976
All right.

698
00:51:52,156 --> 00:51:52,416
Cheers.

699
00:51:52,576 --> 00:51:52,756
Cheers.

700
00:51:56,176 --> 00:51:56,576
Mmm.

701
00:51:59,056 --> 00:51:59,416
Mmm.

702
00:51:59,416 --> 00:52:04,056
How's it tasting to me?

703
00:52:05,696 --> 00:52:06,436
It's like

704
00:52:06,436 --> 00:52:08,276
Oh, the lemon is good

705
00:52:08,276 --> 00:52:10,736
Yes, following up on the lemon

706
00:52:10,736 --> 00:52:12,136
Beet, I think is

707
00:52:12,136 --> 00:52:14,476
Forward, but not dirt beet

708
00:52:14,476 --> 00:52:15,996
Which we've talked about a lot

709
00:52:15,996 --> 00:52:17,016
Yeah, yeah, yeah

710
00:52:17,016 --> 00:52:18,576
It definitely doesn't have that

711
00:52:18,576 --> 00:52:21,316
I like the way raw beets taste

712
00:52:21,316 --> 00:52:22,896
Where I'm like, this tastes like I'm eating dirt

713
00:52:22,896 --> 00:52:24,616
I do like that flavor

714
00:52:24,616 --> 00:52:28,416
This doesn't have that

715
00:52:28,416 --> 00:52:29,156
No, not at all

716
00:52:29,156 --> 00:52:38,016
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.

717
00:52:39,316 --> 00:52:40,996
It's not grainy or anything like that.

718
00:52:41,016 --> 00:52:45,996
It's definitely making you feel good about your choice of having something that is made with real beets.

719
00:52:46,176 --> 00:52:49,756
Yeah, I mean, it's so bright that I'm like, this has to be good for me, right?

720
00:52:49,816 --> 00:52:51,376
Like, it doesn't look like a—

721
00:52:51,376 --> 00:52:52,096
It's not a fake color.

722
00:52:52,216 --> 00:52:52,336
It's a real beets.

723
00:52:52,336 --> 00:52:54,276
It doesn't look like red dye number three.

724
00:52:54,416 --> 00:52:54,916
You know what I mean?

725
00:52:54,936 --> 00:52:56,376
It looks like for real beets.

726
00:52:56,376 --> 00:52:57,176
That is tasty.

727
00:52:57,276 --> 00:52:58,076
The lemon is tasty.

728
00:52:58,076 --> 00:53:06,116
when it's fridge cold it's kind of creamy mouthfeel and then some flavor shows up the

729
00:53:06,116 --> 00:53:11,336
flavor comes in more when it's not from the fridge room temp yeah room temp is like bam you're right

730
00:53:11,336 --> 00:53:16,216
there yeah you're right there yeah that's delicious now alad did you get any of this between

731
00:53:16,216 --> 00:53:24,196
then and now i did yes yes and i i love hummus no it was it was amazing i need to do some more

732
00:53:24,196 --> 00:53:30,436
research and figure out where I can purchase this in a store so that it's on the list for the wife.

733
00:53:31,176 --> 00:53:31,436
Yes.

734
00:53:31,756 --> 00:53:33,036
Ithacahummus.com.

735
00:53:33,136 --> 00:53:35,476
You can find out where it is close to you.

736
00:53:35,896 --> 00:53:36,416
Yes.

737
00:53:37,336 --> 00:53:42,196
Now, normally we would offer you this from number 83 Aladdin.

738
00:53:42,376 --> 00:53:44,936
It's part of his unlimited educational edition.

739
00:53:46,076 --> 00:53:51,156
But you got to be in person for this premium item to enter into your hands.

740
00:53:51,156 --> 00:53:56,696
I did just see Mr. Beast had an ad for a company that literally does deliver by drone.

741
00:53:57,596 --> 00:54:10,456
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.

742
00:54:10,556 --> 00:54:12,376
And we're going to get to that level, dude.

743
00:54:12,416 --> 00:54:12,976
We're going to get there.

744
00:54:13,136 --> 00:54:14,036
Well, that'll be exciting.

745
00:54:14,216 --> 00:54:14,416
Yeah.

746
00:54:14,556 --> 00:54:15,676
Look forward to Sarah Tackett.

747
00:54:15,676 --> 00:54:21,176
Anna Bevin's like, stop giving me stuff that's like way out in the future and we're trying to succeed today.

748
00:54:21,276 --> 00:54:22,936
I'm like, all right, I got you.

749
00:54:22,956 --> 00:54:23,616
Yeah, yeah.

750
00:54:23,916 --> 00:54:25,916
Quit having all these crazy ideas.

751
00:54:27,036 --> 00:54:27,696
All right.

752
00:54:27,736 --> 00:54:32,976
So that brings us to our cash versus sats decision.

753
00:54:34,616 --> 00:54:36,176
Powered by salt.

754
00:54:36,536 --> 00:54:37,096
Let's go.

755
00:54:37,196 --> 00:54:38,476
Shout out to all of our sponsors.

756
00:54:38,916 --> 00:54:40,936
Yeah, and our own 123 Sean.

757
00:54:41,096 --> 00:54:41,436
Hot.

758
00:54:41,736 --> 00:54:42,036
Yes.

759
00:54:42,616 --> 00:54:42,996
All right.

760
00:54:42,996 --> 00:54:48,856
So, Aladdin, you are familiar with this moment, but at SatChats, we believe in value for value.

761
00:54:49,136 --> 00:55:04,716
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.

762
00:55:05,076 --> 00:55:06,436
What would you like?

763
00:55:08,436 --> 00:55:10,916
I think this is a pretty easy decision here.

764
00:55:10,916 --> 00:55:18,656
we're going to go with the sats and we're going to dca that into a lion savings once again wow

765
00:55:18,656 --> 00:55:25,816
i was this child man i was really hopeful that since i was the co-host today that i would get it

766
00:55:25,816 --> 00:55:34,376
no it's lion dude well he only had 20 bucks the other day so this is a an extra little bonus dca

767
00:55:34,376 --> 00:55:41,376
for him so dang i shouldn't have told you my second dca lion lion lion it you know our kids

768
00:55:41,376 --> 00:55:46,036
man they are going to be the ones that take this dude you and i we're just going to be lifting them

769
00:55:46,036 --> 00:55:51,796
up you know and being like go ahead and then we're going to fall back and think ah like we're

770
00:55:51,796 --> 00:55:57,436
going to like rock down into the chasm obviously a very dramatic free market i have a free market

771
00:55:57,436 --> 00:56:03,096
capitalism card uh the artwork that we did it's one of my favorites and it's a father lifting his

772
00:56:03,096 --> 00:56:09,276
child up in the air and he's just covered in red tape and it's all the different laws and

773
00:56:09,276 --> 00:56:14,576
stipulations and crap we have to go through in life that is definitely not free market capitalism

774
00:56:14,576 --> 00:56:21,876
and his child is up above his head into the beautiful sky safe from all of these red tapes

775
00:56:21,876 --> 00:56:28,976
and red ribbons that hold us down and that is my ultimate dream my most important job in life is as

776
00:56:28,976 --> 00:56:33,256
a father and a husband and put the kids in the family first.

777
00:56:33,496 --> 00:56:34,736
We want a beautiful world.

778
00:56:34,856 --> 00:56:36,576
We want to start moving in a better direction.

779
00:56:37,156 --> 00:56:40,636
Our family should be everything to every person out there.

780
00:56:40,996 --> 00:56:41,796
And the world will start.

781
00:56:42,056 --> 00:56:42,716
That's awesome.

782
00:56:42,976 --> 00:56:43,656
I love that.

783
00:56:43,776 --> 00:56:47,336
Well, you bring Lion Stack into the six figures

784
00:56:47,336 --> 00:56:51,816
just off of your proof of work here on the show.

785
00:56:51,936 --> 00:56:53,756
So he's going to love hearing that today.

786
00:56:53,776 --> 00:56:54,976
He's going to love it.

787
00:56:54,976 --> 00:56:57,196
Where can our Satillionaires,

788
00:56:57,196 --> 00:56:59,356
aka Satoshi Millionaires go

789
00:56:59,356 --> 00:57:01,496
if they want to spend more time with you

790
00:57:01,496 --> 00:57:03,636
and with Based Trading Cards?

791
00:57:04,456 --> 00:57:06,476
The website's the best way

792
00:57:06,476 --> 00:57:07,716
and then there's links on there

793
00:57:07,716 --> 00:57:09,796
to all the social medias,

794
00:57:09,876 --> 00:57:10,876
anywhere you want to find us,

795
00:57:10,936 --> 00:57:11,936
the Telegram channel,

796
00:57:12,736 --> 00:57:14,896
basedtradingcards.com.

797
00:57:15,616 --> 00:57:15,936
Nice.

798
00:57:16,536 --> 00:57:17,416
All right, Abe's.

799
00:57:17,516 --> 00:57:17,976
Fantastic.

800
00:57:18,656 --> 00:57:19,396
All right, Satillionaires,

801
00:57:19,476 --> 00:57:21,356
if you have enjoyed today's show,

802
00:57:21,496 --> 00:57:22,796
click the subscribe button

803
00:57:22,796 --> 00:57:24,896
at your chance to be entered in

804
00:57:24,896 --> 00:57:27,876
to win this silver coin.

805
00:57:28,436 --> 00:57:29,536
It's a collectible silver coin

806
00:57:29,536 --> 00:57:31,876
that just fell off the stand.

807
00:57:31,956 --> 00:57:32,956
The stand was a bad idea.

808
00:57:33,056 --> 00:57:34,236
Yeah, that was a bold move.

809
00:57:34,736 --> 00:57:35,976
You'll be entered in to win

810
00:57:35,976 --> 00:57:38,036
when we get to 3,000 subscribers.

811
00:57:38,216 --> 00:57:39,396
We are inching closer and closer

812
00:57:39,396 --> 00:57:40,476
and closer every day,

813
00:57:40,536 --> 00:57:41,836
so do not delay.

814
00:57:42,356 --> 00:57:43,416
If you would like to find out

815
00:57:43,416 --> 00:57:45,156
more ways to support Sat Chats,

816
00:57:45,196 --> 00:57:47,316
you can do so in our show notes,

817
00:57:47,756 --> 00:57:49,256
whether it's grabbing your own slot

818
00:57:49,256 --> 00:57:51,356
in the studio to tell your Bitcoin story

819
00:57:51,356 --> 00:57:53,236
or to be a sponsor.

820
00:57:53,236 --> 00:57:53,616
Ooh.

821
00:57:54,016 --> 00:57:54,396
Ooh.

822
00:57:54,396 --> 00:57:57,396
So, Sat Chats is for educational purposes only

823
00:57:57,396 --> 00:57:59,776
and should not be construed as financial advice.

824
00:57:59,996 --> 00:58:01,776
And our guest views are their own.

825
00:58:02,176 --> 00:58:05,036
Until next time, keep stacking the sats.

826
00:58:05,036 --> 00:58:05,796
Those sats.

827
00:58:06,196 --> 00:58:06,916
Stack them up.

828
00:58:07,196 --> 00:58:07,876
Stack them.

829
00:58:08,216 --> 00:58:09,096
See you tomorrow.

830
00:58:09,096 --> 00:58:09,116
See you tomorrow.
