If you're watching this video, you're going to learn three big things.
Number one, how to start Bitcoin the calm way.
DCA, ignore the noise, and use dips like discounts.
Ooh, number two, Bitcoin mining.
What is it?
Why does it matter?
How can a normal person like you plug something in and get started?
Number three, how to build a real Bitcoin life.
Okay, today's guest, Alfredo, big TikTok NextBlock player, hands-on Bitcoiner, focused on mining.
He's going to help you stack your first sats.
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 what?
A Bitcoin.
The same way pennies are the smallest part of a dollar.
At Sat Chats, 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 184Alfredo.
Let's...
No stranger to sad chats or TikTok Next Block.
Yes.
Climbing up the ranks of the Chattillionaire leaderboard
on Fridays at 11 a.m. is Alfredo.
Alfredo, you are a big Bitcoiner.
Can you remember what it was like for you
to become a brand new Bitcoiner?
Yeah, this all happened around the COVID time.
you know, when COVID hit, I started to try to learn about the stock market. And, you know,
because, excuse me, we were about to get laid off, you know, from our job and that. And I kept
hearing on the market about Bitcoin, Bitcoin. So I decided to finally like look into it. And that's
when I started getting books on reading. And the first book I read was The Bitcoin Standard.
And once I read The Bitcoin Standard, I was pretty much hooked in. I pretty much was like,
all right, I want to get involved in this.
What's the next step?
And I started to, you know, just keep researching into things I need to do.
Where can I buy it?
What do I need to do to store it?
How do I store it?
You know, learning and watching all kinds of podcasts and YouTube videos
on how to store it and that.
So that's pretty much, you know, how I got into it.
So, yeah, go ahead.
Man, we said the same time.
Right now, we're insane.
Yeah. So we had so many Bitcoiners come on and say that their entrance was the Bitcoin standard.
I'm just curious because that was also the first book that I read.
But I read that mainly because Chris and Stuart were talking about it.
And I was like, okay, I feel like I need to read this book.
I feel like I can do it.
I can plow through and read this book on this thing that I've never even heard of.
And I'm wondering, is it the easiest book to understand on Bitcoin?
Or does it just lay out an argument really well?
Like, what do you think that, like, why was that your first book?
And were there some-
Yeah, I think it lays out the argument of why we need Bitcoin
and why we should be involved in Bitcoin.
There's other good books out there.
Like I've read Lynn Alden's book, Broken Money.
I think that's a really good book for people who want to understand how money works,
how all money in different parts of the world work.
I've read The Big Print by Larry.
I think that's a great book for new beginners to get involved with.
It really just lays down fundamental, easy ways to understand
what's going on with the economy, what's happening,
and why you need to kind of get involved with Bitcoin.
Another one I've read, Jeff Booth's book, Price of Tomorrow.
I think that's an awesome book.
It doesn't talk about Bitcoin, but it does give you the sense that once you start to learn about Bitcoin, that you need to be involved with Bitcoin because the future looks bright if you get involved with Bitcoin.
Because once you start to understand that money can be depreciated, that money's not getting you much today, and you just learn that, okay, well, what do I want to do for my family?
What do I want to do for my next generation, my grandson, my great-grandkids?
You know, so and that's the way I, you know, have gotten into understanding reading these books, you know, and going down the rabbit hole with these books, you know.
Plus, I read also Simply Bitcoin book is another good one.
I usually give that one to people to read just so they can have a simple way to really understand Bitcoin, because it really just all about Bitcoin.
Just understanding how to use it, what's mining about, what's wallets about, you know, the different wallets, hot, cold and that.
So I think that's a great book for people to read, you know, to get involved.
But I think definitely the Bitcoin standard is definitely the key book to if you want to really, you know, say, OK, I want to go into Bitcoin.
Once you read it, it'll definitely make you want to go into Bitcoin.
That's the way it worked for me, you know, so.
When you were looking at Bitcoin during the pandemic as you were about to get laid off or felt like there was some job uncertainty there,
Were you coming at Bitcoin as a way to potentially make some quick money to protect yourself?
Were you looking at Bitcoin as like a way to save what money you had and protect it from money printing, you know, during a job outage?
Or was it something else?
No, it was more coming into it, looking at it for how do I make money?
You know, I'm going to be laid off from my job, you know, so what do I do?
And that's why I went to the library, got books on the stock market and started reading all kinds of books about how do you invest in the stock market.
Started watching, what was it, CNMB Marketplace and Yahoo Finance and just trying to understand how to navigate the market so I can make money if I do get laid off from my job.
So it's another way that I could secure myself of paying my rent, paying my car, paying things that I have to pay.
I was listening to the Jack Mahler show.
I've been listening to that recently, Alfredo.
And he's been talking about...
Is that Mailbag Monday?
Yeah.
I think it's really cool.
Yeah, you've been really hot on that lately.
I mean, I guess CEO of a gigantic company
just hops on YouTube Live once a week
and just says some real stuff.
I mean, I think it's fascinating.
Anyway, that level of direct access is wild.
But anyways, what he has been teaching me, and I've been working on Lynn Alden's Broken Money as well.
I've been kind of realizing in my Bitcoin journey, because I'm about two years in, that America has basically turned into a financial apparatus.
Like, we kind of hollowed out the middle class.
We hollowed out the working class.
we shifted jobs to the financial services on the east coast and you know far future tech
silicon valley vibes on the west coast and there's like not really much going on in the middle of the
country and you know i know that you are um based on the form that you filled out with us kind of in
the um you know you're you're in the space where you're you're not in finances you're not in tech
You know, you're at risk of losing your job out of nowhere at the beginning of the pandemic because we're kind of messing everything up and hollowing it out and scooting it away.
And your response to potentially losing your job is to try to figure out how to make money through the financial services industry that kind of is potentially part of the reason why your job was at risk in the first place.
You know, like, do you ever feel frustrated at the current state of America?
And do you feel like Bitcoin is a way to improve on that?
Well, I mean, that all starts with in 2008 with the financial crisis.
I mean, you know, there was a lot of worry moments there, you know, when a lot of people are losing their jobs.
I mean, I got laid off and, you know, and actually that's a way that I too heard about Bitcoin.
And, you know, when I got laid off then and went to school to try to figure out what was my next move to do.
And I just decided to, you know, go to school, do this.
And every time I see it, every time we have a financial crisis going on, it's just more and more you see that money is being devalued.
And it's just like, OK, what do you do? What do you do?
You know, you try to figure out how to invest in assets or invest in something to make some money so that you can, you know, do what you have to do to pay bills, to take care of your family, to make sure that the people around you are OK and happy.
And, you know, and that just definitely, definitely just, you know, is a reason why I've gotten into Bitcoin.
Just because I realized that money is broken.
Money has no real value anymore.
You know, as much as they can keep printing it, keep creating it, keep giving it to the wealthy, not, you know, eliminating, like you said, the middle class.
It's just like, what do you do?
What is the hope anymore?
And to me, Bitcoin gives you hope of like you can build a brighter future for your family, for the next generation.
And that's a big key for me is building wealth for my family, for the next generation.
Sometimes, Alfredo, I feel like things are not looking so hot.
and I think about previous times in history where they got to where they weren't so hot
and I don't know exactly how much we can do to improve that before like you know the
the ceiling drops out and I have this personal belief that I can if I can secure enough resources
for me and my family, then we can like ride out whatever potential turbulence might be coming down
the way. Yes. And for me, Bitcoin represents like a savings little nugget, you know, that I can have
access to. Like, you know, I've read the big print by Larry Lepard as well. I mean, I try not to get
two up in my head about like fourth turning, you know, nasty stretches and all that. But I'm like,
I kind of want to prepare for it too, but it kind of wigs me out. Does that stuff wig you out? Do
you think it's coming? Do you not think it's coming? I try not to get caught up in the doomsday
scenarios of life because I've been hearing those all my life, you know, doomsday since I've been a
kid, you know, it's going to be a nuclear war, you know, famines coming and this. I just try not
to get caught up in that because I believe it's just the media and government propaganda and
trying to scare us into, you know, believe in what they want because they want us to believe in them
and believe in the system that's broken, you know, and they just want to keep pushing those agendas
and that. So I try not to get into that anymore. I used to believe a little bit in that
doomsday scenario stuff of like, you know, I want to get a bunker and go hide myself in a bunker.
But when you really learn about it, the bunker is not going to save you. When you really understand
what, you know, what happens with a nuclear bomb, a bunker is not going to save you.
You can end up dying in the air and that.
So, you know, so I just try to focus on the future.
I'm trying to stay focused on helping people, getting people involved in Bitcoin,
showing people there's a better way.
There's a hope, you know, that we can have better.
We can do better.
We can be better.
We can have abundant, you know, because that's what is the key, you know, to life.
I think it's just people having abundant.
So people aren't starving, people aren't poor, people aren't broken.
You know, people are just happy with life and living their life and not worried about all this, you know, negative doomsday scenario of life.
Alfredo, so I totally agree.
I think like the abundance of life is something that we all crave.
And there this mentality I think for most of the generations It like you work for a certain number of years and then you retire And when you retire you do whatever it is you want to do And I feel like millennials are trying to fast track that by like we can have side
hustles, we can make, we can bring in more money, we can try to survive in a different
way.
We can beat the game.
and we can have a chance to have a great life later
and also still now.
It's sort of like a,
I don't think we think that retirement is a thing.
No.
Like I do not, I don't think that way.
No.
And I think the generation behind us,
generations now behind us,
don't think that way either.
By behind us, do you mean like the younger generations?
Yeah, yeah, yeah.
Like they're younger than we are.
That's what this is.
Okay.
Yeah.
That's interesting.
I would say the ones that are ahead of us
because they came after us.
But anyways, interesting how we think about it.
You go up the tree and not downstream.
Exactly.
Right.
So I'm curious, like, what do you want to do in your abundance?
Like, what does that look like for you?
And how, like, what kind of, what role does Bitcoin play in that?
well what i want to do to get to that point is just start teaching people more and more about
bitcoin getting them to understand bitcoin um you know uh that and i believe that all starts with
mining you know mining is the key to bitcoin and that's where it all first started what satoshi
did is load up the protocol into a miner on his computer or something and started running it you
know and that's key to you know bitcoin and me and my friend were trying to set up a meetup
to start teaching people about Bitcoin.
And we're trying to come up with some interesting names to name it.
So people want to come and not just think it's Bitcoin.
I don't want to come.
You know, it's like we're trying to encourage people to want to learn.
And I think that's, you know, key is getting people to learn is an abundant way.
Another way is we're looking to try to build businesses and companies
so that we can help people to get to ideas of abundant,
like abundant electricity, abundant food, you know.
So we're just trying to come up with these ideals so that we can make that happen.
And even using our Bitcoin that we have, you know, we we've started kind of like our own little treasury of Bitcoin off to the side, me and my friends, so that we can build this business in Bitcoin so that we can help people.
Because what we want to do is try to get people as much involved as we can by either giving them some Bitcoin or showing them about mining.
And then that way they can use that Bitcoin to, you know, buy something, offer some kind of service for someone to come and help them fix something in their house or just, you know, buy some food or just anything.
Get some health, better health care, you know, pay for cheaper health care, all that.
So when I think abundance, you know, I just think that everything's going to be cheaper, you know,
and everything is going to be for the masses, you know,
and there's not going to be this supply limit and, you know,
price gouging and all that.
It's just that everybody will have a chance at something, you know,
and I think that's a better way to go with life than being the way we are
today where it's all about my, my, mine.
And it's just like, to me, that's just a bad attitude to have.
so if you want to teach others about bitcoin and believe that understanding begins with mining
and we and i and i do see the ocean t-shirt so shout out to the bitcoin mechanic he came on the
show great episode barely got even a scooch of the way through his bitcoin barely run nuts run
nuts um what do our brand new bitcoiners hank and lorraine in the audience need to know
in the simplest way possible about mining what's the what are the first couple of foundational
elements that you believe are important for people to grasp about mining bitcoin
um just buy one of the mining machines you know i have one right here
you know just buy one of these little guys you know and just easy to set up there's nothing
really hard they give you instructions on how to set it up you just plug in a pool or you know if
you want a solo mine you may have to learn a little bit about that but that's not hard to learn and
you know once you get one of these little guys and plug it in and get a wallet and put in your
wallet address and there you go you're mining you know and I think that's the easiest way to go about
it for people to learn. I mean, there's nothing too technical like most people think today still
that it's so technical to their mind. And it's like, no, all you need to do is buy one of these
little guys, have a wallet, put in your address, download a pool and plug it in and let it run.
Let it do its thing. And are you doing that because you want to earn some Satoshis? Are you
doing that because you want to support the Bitcoin network and make sure it continues? Or
is it, you know, kind of like how Satoshi set it up? It's a little bit of both.
It's a little bit of everything. I mean, it's running to get some Satoshis helping people.
It's getting people into mining so it does secure the network because that's what we need.
It's also trying to, another way of getting people into mining now, me and my friend want
to create a business is getting people to mine, paying us for our service. If we like,
we're thinking of different things to do, like doing lawn care or doing maintenance, you know,
little people need little things fixed around the house, like a light ball or a light fixture,
or, you know, their sink is leaking, or they got a hot water tank leak. And instead of paying us in
cash and that, I'd rather you pay me in Bitcoin, pay me in Satoshi. So, you know, we're thinking
of ways of doing it like that. Like you start mining with us. And then if you have a problem
under, you know, we come up with some contract and we just come over, we fix what it is. You don't
have to pay us. You just keep mining with us, you know, or you mine. And then if you want to pay us
in however you feel the value is, then you pay us.
We're just trying to help people along
with getting in the mining and helping people
with problems they may have
because of today's prices are just getting more and more expensive.
So try to find a way to help people understand
that there is a cheaper way to help you to fix things,
to get food, to get your light fixed,
get your car fixed, things like that.
So we're looking at ways of doing things like that.
If I take you back to when you became a brand new Bitcoin or Alfredo, did that change you?
Did that create new habits or new beliefs?
Did your kind of perception of what's valuable to focus on change?
No, I mean, I was already focused.
You know, I have to bring religion in this, but I believe in God.
You know, as long as you have a God in your heart, you know, you just got to pray and, you know, that.
But no, Bitcoin really just changed the way I think about money, the way I look at money, the way I see how money works in the world.
You know, the way it's unfair. There's no middle class pretty much anymore.
You know, and that's really the idea that Bitcoin gave me.
And Bitcoin gave me hope that I could help people, you know, do things for themselves that they think they can't do today because of inflation, because of everything is so expensive, you know.
And I just want to try to show people that, you know, and that's what Bitcoin gave me to give me the hope to show people how this system works and how it's a better system than the fiat system we live in today.
how have you like as you were growing in your bitcoin knowledge and on your bitcoin journey
um did you find allies along the way or were you sort of screaming in an echo chamber and
everyone's like please stop talking about this thing like like a little a little like stewart
with kristen like saying bitcoin bitcoin bitcoin driven kitty came on and mocked her dad by saying
Bitcoin, Bitcoin, Bitcoin, Bitcoin.
That's what my dad says.
And so did you like find a little tribe of people
who were growing in their knowledge of Bitcoin
or did you have to trailblaze on your own?
I pretty much was on my own.
When I started to learn about Bitcoin,
you know, I started to learn from, like I said,
from reading and watching YouTube videos and podcasts.
But as I got learning about it and that,
yeah, I tried to tell people about it,
But again, people were like, oh, this thing, you know, it's a scam.
It's a scam, you know.
And I mean, I still try to talk to people today about it, but it's just it's still people just call it a scam, you know, and it's like, OK, you know.
And a lot of that scam stuff just comes from the crap coins, you know, and people don't understand it and don't.
Some people just don't want to understand.
They, you know, believe in the dollar.
But now I've been on it on my own, my journey.
You know, I heard about Bitcoin in 2011 when I was, like I said, when I was going to school and that I was going for general studies and automotive technology.
And I was in a computer lab and people were talking about it then when the Silk Road was going on at that time.
And I kind of myself blew it off like it's a scam, you know, like, oh, no, this this thing sounds weird, you know.
And then, you know, and then and then also in my journey, I'm going on my own.
You know, before that, me and a couple of friends in 2016 tried to get involved with mining and Bitcoin.
But we got caught up in the whole Bitcoin uses so much energy and it's going to earn the world or whatever, you know.
And we didn't even get into it because we didn't go down the rabbit hole like I did in 2019 when I finally decided to say, OK, let me get a couple of ideas.
Let me get a book. Let me watch this podcast and, you know, learn what Bitcoin is really about.
And once I went down the rabbit hole, then I just kept going and going and going.
And I'm still going today. I'm still going down the rabbit hole. I'm still learning.
I'm still understanding. I'm still trying to understand everything about mining.
There's a lot to understand. I mean, Ocean, they constantly are always, you know, giving you all kinds of things on mining and that.
So I'm just like, OK, let me let me find out what's going on in this mining world right now.
So I know what's going on and that. So but yeah, that's pretty much I've been on my own going down this rabbit hole.
But preaching to people about Bitcoin, my friend that is involved with me trying to start a business with, you know, I preach to him.
And once I hit that light bulb moment, you know, that's what I'm trying to do with people more.
Now, when I talk to people about Bitcoin is just ask them questions about what they think about money.
You know, and that all comes from watching videos from, you know, what is money from Robert Breedlove, you know, and Michael Sallar's episodes with him and that.
And just ask people, what is money? And when people start to tell me, then I just ask them other questions like, well, what do you think about money?
Why do you think money is this? Why do you think we have inflation?
Why do you think, you know, why do you say that all the governments print, print, print, that's all they're going to do?
But do you think there's something better we can do? Do you think there's something that is out there that can help us?
And if I could try to just find that light bulb moment to help people to understand Bitcoin, then I'm always trying to figure that light bulb moment.
And if I can give them, I always suggest things for them to read, books and stuff to read and that to try to help them along the way to the journey of where I came into Bitcoin and that so that it helps them along the way too.
Did you start off trying to trade Bitcoin back in the early pandemic?
Did you just go straight into dollar cost averaging once a week or once a month?
What was your strategy to acquire Bitcoin as a brand new Bitcoiner?
And have you learned anything since then that you kind of wish you had been doing since the beginning?
Yeah, in the beginning, I kind of got caught up in some of the crap coins too.
Because at that time, it was early still for me.
I was still learning.
So I started to trade them, you know, trying to catch the high, the low, you know.
But eventually, once I started to learn about this and that I kind of more was in the Bitcoin just to save.
That's where I learned, you know, over time, Bitcoin will grow.
So I just wanted to save it for now.
And then in the future, as I'm thinking, you know, OK, I could purchase this.
I could buy this, you know, as long as I save my money and I got a better place to save my money.
But all the crap coins in that, yeah, I tried to trade those and, you know, make money on them quick like everybody else did.
But once I found out that they're pretty much a scam and, you know, it's all just a gambling game.
It was like, I'm done with this.
I don't want to gamble.
I not a big gambler I really don care for gambling I don want to see people lose money You know I mean I got friends of mine that are millennials and they constantly gambling And I like dude you just you doing the wrong thing But they all you know they all hoping to get rich you know and they just have that get rich mentality you know
And some of them are Bitcoin and some of them are a little in, you know, they got one foot in, one foot out, you know, you know, since I've talked to them and got them involved.
But still, they're just thinking that, oh, man, when Bitcoin's going to go up?
When Bitcoin's going to keep asking me that.
But when I got involved with it, first got involved, no, I didn't really try to trade it.
I just tried to trade the crap coins.
I tried to save in Bitcoin more just because I knew that if I save and the price keeps going up, I can buy this.
I could buy a house.
I could buy some land.
I could buy a new car.
You know, I could take trips and that.
So that's really what I got into Bitcoin was as a saving tool technology more than anything.
i saw some content from uh nikki on maybe it was twitter she she's the one that does the gen z
yeah the gen z style stuff yeah because you talked about how the millennial generation is
kind of just like gambling and like gen z you know based on what she shared it's like even more so
it's almost like exclusively what they think is going to help them make it in this world
is just to like hit it big on their parlay or something.
And, you know, encouragement to gamble on sports is like every other commercial on my streaming platforms right now,
apart from medications that say they're going to cure a problem,
but the side effect may also cause the problem all over again.
It's like, ah, yes.
What is going on here?
you know with with with with gambling and with like get rich quick schemes it's like you know
what man just stack sats and continue to work and continue to save and it happens slowly
but it's sure to happen that's what I want to convey to brand new bitcoiners in the audience
is like, guys, it's so simple.
Instead of going down into the world of sports gambling
or the world of the crypto casino
and just trying to,
or even the stock market can feel that way sometimes,
depending on which platform you're on.
It's like, just take the money
that you can afford to not touch for a while,
put it into Bitcoin and get back to your life, right?
But then we run into moments like this where we are 42% off the all-time highs and suddenly people are now like, yeah, Stuart, but like what happens if I've been saving in Bitcoin for the past three to four months and my savings are down by 40%?
I mean, you might as well throw $100 on tonight's game to see if you can make $1,000.
How do you feel about this most recent dip?
Have you gone through other dips before?
Do you have advice for brand new Bitcoiners who are kind of dealing with their feelings?
Or even pre-coiners who were like, you know what?
See, that's why I'm never going to stack my first sats.
I think you just have to basically go in with an attitude of dollar cost averaging.
and just get into your first savings.
Put $10 in.
Like I tell some people, just put a dollar in.
You can go on Cash App, buy it for a dollar,
put in for a dollar, buy a dollar worth,
buy $10 worth, just let it sit there.
Let it see what it does for the next couple of years.
And if you see you wanna get into it more,
then buy more.
But I just try to tell people the dollar cost averaging.
Don't get scared of the volatility in Bitcoin.
It's just part of the nature right now
because you have people who are just trying to sell it out
or you have big corporations trying to fluctuate the price a little bit
to scare people out so they can buy more cheaper.
But no, I buy the dip.
You know, I buy the dip.
I think this is a great opportunity to keep buying.
I'm still buying.
I buy every day I can.
You know, anytime I got some money, anytime I'm earning some money,
I just take it and I buy Bitcoin.
After I pay all my bills, I buy Bitcoin.
So I'm just buying the dip.
I think this is a great opportunity to get in for a lot of, you know, no Bitcoiners.
I think it's a great opportunity to just buy.
Like I said, buy a dollar worth, buy a $10 worth, buy a hundred dollars worth and just sit on that if you want.
Just let it go and see what happens, you know.
And I guarantee Bitcoin is going to go up, you know, and it's going to go down, but it's going to go up.
And even if it does go up, you know, I mean, when you really learn about Bitcoin, you know, you're not worried about the price, you know.
and I'm not really worried about the price because how I understand Bitcoin, I'm Bitcoin is my money.
Bitcoin is the money I'm going to use for the future.
Bitcoin is the money I'm trying to teach my kids, my grandkids about the future of because that's their money, you know,
and I really don't care too much about the price.
But if you want to get in and you want to chase the price action, then this is a perfect time to get in.
Because say in the next year or so, the price goes up.
Now you're $100 turned into $110.
So you gain an investment, you know.
But if it goes down a little bit, just sit there. I mean, you know, to say this, I have a bet with a friend. What was it back in 2023? He was talking to me. We were going through the scam thing with, you know, all the scam coins. And I have a bet and I bet him $100. He puts $100 in a savings account.
At that moment, I think the interest rate was two point something.
And I put $100 in Bitcoin.
And in 10 years from then, he's got to pay me up.
So, you know, and he's got to pay me up because my Bitcoin is up and his savings account is pretty much nowhere.
So, you know.
It's actually less than nowhere because they've printed money since the beginning of that bet, right?
So I keep thinking too about how you focus on a more abundant mindset.
My dad's the same way.
He talks about how, you know, his cup overfloweth, which is, you know, that is like a Bibble level thing that's going on there.
Biblical?
Is that what you tried to say?
Or did you?
The bibs.
Come from the bibs.
Okay.
I just needed to clarify.
Okay.
It's coming from the Bibble. So, you know, when I think about the future, Alfredo, I kind of view Bitcoin as a savings account for me and for my son and for my daughter, for my grandkids, for my great grandkids.
when I think about an abundant style of mindset,
because it is so easy to get sucked down into doom scrolling,
into news headlines, you know, into,
hey, here's what I want.
You know, people focus more on what's wrong than what's right.
So that's pretty much what we get fed by traditional and online sources, right?
Which is really rough.
But when I zoom out from that, you know, we got we got Elon making a thousand starships that he wants to shoot at planet Mars.
Sure. With humans on top. Like that's amazing.
That is something. Yeah. You know, we do have the ability to cure quite a good, clean amount of diseases these days.
and if you
you know
saw our episode
with Brandon
mushrooms
and fungi
or fungi
are master
chemists
that
are
you know
gonna help us
live even longer
and be even healthier
and it's a whole wild world
out there
I do think that
the internet
kind of took
all these different
pockets of information
and kind of
unlock them to where everyone can access them.
And these days I have artificial intelligence
that's helping me get stronger physically.
It's helping me deal with my mind
when there's too many thoughts and fears
and competing priorities going on.
It's helping me stay out of trouble with my wife, right?
It's helping me build more powerful decks
with my Magic the Gathering collection.
Let's be honest.
Thankfully.
I mean, my Lathril deck was insane this weekend
using cards only in my own collection, thanks to AI.
Nuts.
So I feel like we are headed for a better future on the whole.
I also know that our money supply is just going to get worse over time.
So Bitcoin can help me and my kin kind of make it through this next stage of humanity until we can all kind of upgrade as a human race to better money, right?
Like, I don't really feel the need to predict any kind of disaster moment where, you know, Lynn Alden's kind of nothing can stop this train, Larry Lippard's the big print, fourth turning stuff.
My hope is that we will all see that Bitcoin is superior long before the fiat game kind of blows up in the nation state's face, right?
so that's where yeah and that's where i think that you know i think that people need to start
more the bitcoin community we just need to start building more in bitcoin you know and that's one
thing that i'm seeing that some of us are not doing because we're too busy arguing about certain
things or certain politics and i just really think that we need to just start building and showing
people that when we build this though you know like they used to say it was the same they say a
long time when i was a kid if you build it they will come you know and i feel like that's what we
need to start doing more is just build things. And that's what me and my friend are trying to do
with our businesses. We're trying to build things where we want to build a community. We want to
build it where people, you know, have abundant food and that, you know, build a community where
people just have electricity that's abundant, you know, and, and things like that, build the
community of, you know, just having all kinds of things go on, you know, and people just getting
along and helping each other along the way, you know, fixing things and that, and that's where
I think more we just need to build a circular economy in Bitcoin, you know, and that's what me and my friend are trying to build a circular economy.
And we want to start, you know, building that because I think that'll show people what Bitcoin is.
You know, once you get that circular economy going and, you know, you can go over here and buy eggs or buy a pair of pants or buy this or get your hair cut or, you know, buy this or fix this or get new windows in your house and that.
And I just think we need to really, really start building a circular economy more and more in Bitcoin.
And that's where I think, too, we need to start, you know, getting into the lessons of just trying to reach people by teaching.
And, you know, that's what your channel is for, you know, and I love what you guys do.
You know, you guys are really reaching people and showing people about Bitcoin.
And I think that's what we need more and more in the Bitcoin community and stop having all this divide and nonsense and just focus on the main goal.
getting out of the broken system because the system is broken.
Yeah, yeah.
I would love to see a local Bitcoin economy
where it could even be down to the level of like
just a small neighborhood, you know,
up there in the state of New York
where the individual homeowners in that community
are kind of swapping Satoshi's back and forth for,
Like how cool would it be if some dad pays another dad's kid some Satoshis to mow the lawn?
You know what I mean?
Like that would be so cool.
And then, yeah, like you said, take it down to the local baker, get you a loaf of bread for some Satoshis.
I mean, for me, one of the most powerful aspects of Bitcoin is the fact that you can completely sidestep the current system
and just go back to, you can kind of go forward into a more futuristic world,
but you can also kind of go backward to a time like in the Middle Ages
where you had some gold and silver coins.
The government could not print those or control it in any meaningful way The government needed to kind of provide services or protection to these to these you know regular people in the town and the countryside in exchange for their taxes to but the taxes were then used to kind of continue to provide those services So you know it almost like governments had razor thin profit margins so to speak unless there was you know a corrupt individual in power
Arguably, I think the government shouldn't have profit margins.
But carry on.
Well, the point I'm trying to make here is it just feels super powerful for me,
for individuals to exchange their money one to the other directly
and be able to count on it to be as good as it was when they gave it away.
You know what I mean?
That's the whole white paper.
I mean, Satoshi wrote peer-to-peer electronic cash systems.
So, you know, and that's what Bitcoin is about, being peer to peer with each other, you know, exchanging Bitcoin from one another to one another to one another.
So and that's the beauty of the technology. I don't have to go through no third party.
I don't have to go to the bank, withdraw my money and pay you for something I want or write a check.
You know, that's kind of old to me, too.
You know, and I think, you know, what Satoshi created with Bitcoin is a beautiful, great thing, a hopeful thing, you know.
And I just hope more and more Bitcoiners build and design things in Bitcoin, you know, and that way we'll keep reaching people and people keep coming and realizing what Bitcoin really is.
is there
that makes me think of
like just wonder
is there like a
a website
or a service already
that collects
um
uh
businesses
that are like
from
yard people
to plumbers
to HVAC
like
service workers
that
that will
that will accept
Bitcoin
I've been looking
I would love that
yeah
Yeah, I've been looking for that.
It's like, what is that website?
Angie's List?
You know, like, hire someone to come in and, you know, they do some work.
It would really be Satoshi's List.
That would be cool.
Nice.
I like the name.
I've seen on Noster once or twice a map of all the retail places,
like coffee shops and restaurants that will accept Bitcoin.
But I haven't seen, like, a services list.
Yeah, exactly.
Even in Cash App.
Yeah, you have it in Cash App, too.
You have a, where all the services is now,
because Jack Dorsey opened that up
and you can see where they accept Bitcoin for coffee
or a sandwich or something, you know?
Right.
Hmm, very cool.
Yeah.
Well, I would like to see-
Maybe I had a noodle on that.
That's going to be Alfredo's list.
Angie's list, yeah.
You need to make that.
Alfredo's, forget Angie, we need Alfredo's list.
Alfredo's list.
Now, Alfredo, there's so much to Bitcoin
that it's clear we'll never fit it
into a single chat about sats.
So we do ask each of our guests
if they'd be willing to come back on in nine months
to give us an update on their Bitcoin baby.
Would you be willing to do that?
Yes, sure.
Let's go.
Fantastic.
Now, in a minute, we're going to ask you to give us your two sats
so that we can kind of give brand new Bitcoiners a peek
into what you think is going to happen over the next nine.
But before we do that,
we need to have ourselves a couple of num-nums over here.
A little.
all the asmr uh so this is our our by the dip moment sponsor Ithaca hummus
uh reminding us to buy the dip which is a really lovely time it's been nice that our by the dip
moment sponsor has had so many opportunities for that to be spot on we we've really worked
hard on by the dip Ithaca by the dip by the dip by the dip all right so we are tasting in the
studio as your virtual taste buds the lemon dill here we go cheers cheers
that dill flavor is so bright so bright it's herbaceous oh look at you with the words you
know what i want mouthfeel it's good it's good it's creamy it's good yeah and kind of what came
to me, Alfredo,
is the first time
it's happened.
As I was staring
at that fat glob
of lemon dill.
Mm-hmm.
I want to make
some deviled eggs
with this stuff.
Ooh, interesting thought.
Like,
because I know
there's like a mayonnaise step
in the deviled egg moment
with the yolks
and the mayonnaise
and other stuff.
Mm-hmm.
Personally,
I think Ithaca hummus
could kill mayonnaise.
Mm-hmm.
You've been a believer
in that for quite some time.
I think Ithaca hummus
could end that condiment
for life.
and specifically with the lemon dill
because it's got that herby note, right?
Yeah, yeah, yeah.
I think that would go really well with eggs.
And if I could make a Ithaca hummus lemon dill deviled egg,
I bet that would slap.
Well, I think that you should do that.
You should just go ahead and experiment about that
and tell the folks at home.
Well, Annabella knows intimately how I work.
Now that I've solved the problem by having the idea.
It's done.
I'm no longer interested.
No longer.
I'll never actually do that myself.
But somebody should do it and let us know how it goes.
Because personally, my contribution is I had the idea.
Now here you are.
Right, right.
Alfredo, have you ever had any Ithaca hummus?
No, I haven't yet.
Was our show the first time you ever heard about it?
Yes.
Yes, it was.
Dude, especially up there in upstate New York, man.
You got to rep this Ithaca hummus, man.
I actually seen it in the store and I meant to buy it,
but then I forgot to go back and get some.
But once I go again to the store,
I definitely got to get some and try it.
A hundred percent.
Absolutely.
And then come back to your episode
and tell us what flavor you got
and how much you loved it.
Yes.
Well, maybe I'll just try it on the episode
with you guys next time, too.
Yeah.
There we go.
And honestly, and I don't want to overwhelm Anna Bevin here,
but I'm hoping that maybe not by your nine-month Bitcoin baby update.
Thank you.
But by your 18-month Bitcoin toddler update,
we're in a place where we can just send you a drone
that has Ithaca hummus attached to it.
And it'll just...
That would be cool.
It'll just boomerang onto your front stoop and be like,
okay, hey, your episode's in five minutes.
This sucker's fridge cold.
Like, here we go, baby.
That's exciting.
That would be cool.
How advanced and elite would that be?
I will go on that dream exploration with you.
That sounds very elite.
Okay.
Talk to you.
We're dreaming about certain things
that are about 18 months from now or so.
Yes.
Know what I mean?
Yeah, I love that.
Right?
Yeah.
We're just trying to build things up more
than they currently are.
Correct.
You know, around the 18 month.
Around it.
Right?
See what I did there?
All right.
Now, it's time for your two sats, Alfredo.
What do you think is going to happen over the next nine months that a brand new Bitcoiner should start caring about now?
I just think that, you know, in nine months, Bitcoin is just going to keep growing.
I see that, you know, the price will be whatever it is for people who want to get in.
And I think they should just get in.
This is a great opportunity because who knows, in nine months, the price may go up.
And then if you're a person looking to, you know, invest and try to get some kind of money to help you, that would be the time to get in as time as now.
I think, you know, next future or so nine months, I just think Bitcoin's going to continue to do what it does.
I think it's just going to show people more and more what it's about.
And more and more people are just going to get involved as time goes on.
So I think that'll happen in the next, you know, so months, nine months or so.
Exactly.
Yeah, I think you're right.
I totally agree with your two sats.
Bitcoin's adoption rate is only going to go up.
And the more we keep teaching people about it,
you know, the more, like I said,
me and my friend are really trying to start a Bitcoin meetup
once we come off our shift from our job and that.
We're hoping to start it in April.
If not, May is definitely the time I want to start it.
And I just want to start a meetup about Bitcoin mining
and teach people about mining.
And hopefully that'll,
and we have another meetup we want to try.
We think we want to try earning mine up because a lot of people don't know you can earn Bitcoin.
And we want to show people that you can earn Bitcoin all kinds of different ways.
There are so many ways to earn it. And that's another way. And you don't have to put no money into it.
You could just earn it. You know, and I think that's another way to get people involved.
And then there's games for kids in that, too, which, you know, I would like to try to reach kids more with these games to show them that instead of playing this game that you're playing, that you're not earning anything.
you're just playing, you could actually earn some income by playing this game and, you know,
then do whatever you want with your income, you know? So, but we're trying to work on two meetups
and hopefully we can get those going soon. I think, so I saw a game that does let you actually
earn sats. Simply has one. Yeah. I don't understand how they can do that. Yeah. Simply
Bitcoin, I think if I recall correctly, they have a game where they, like you can earn sats by like
getting to the next level or what have you.
So that could be, that would be a great resource if you.
There's a company called Thunder Games
that I try to get people involved with.
They got a cool couple of little games on there for kids
and for adults, they got Solitary.
I know a lot of older people like to play Solitary.
So when I talked to them about Bitcoin,
I'm like, look, well, you can earn some Bitcoin
playing Solitary instead of just playing Solitary for free.
And I've gotten quite a few older people
into playing the game and earning some Bitcoin.
And it's worked out.
And I got a couple of kids involved with playing.
They got a race game, a snake game.
You know, there's other ones.
But unfortunately here in New York,
we have a restriction because of the New York Bit license.
It doesn't allow a lot of these gaming companies
to come here and operate.
So I can't show, you know, the kids these other games
like Fortnite and that,
that you can actually earn some Bitcoin.
But there's quite a few ways to earn Bitcoin,
Even shopping, there's apps that I have where you buy stuff online and you earn Bitcoin.
Lolly.
Lolly's a good one.
Yep.
That's definitely a good one.
So I use Lolly.
I've tried to show a lot of young people that shop online.
These days they use Lolly because you can earn Bitcoin that way.
And I have an app called Esmile where you walk and you earn Bitcoin.
And I think that's a great thing.
Every day that you're moving, your phone is in your pocket and it's not in your hand.
and you're walking or you're running,
you can earn some Bitcoin, you know?
And I try to promote these things to show people
you can earn Bitcoin without having to put any money
into Bitcoin if you want to get some Bitcoin.
That's wild.
I will be downloading that app soon.
Alfredo, where can our Satillionaires go
if they want to spend more time with you
after this episode?
You can find me on Primal.
You can find me under the name Biddy Cents.
That's the name I came up with.
Being in New York, 50 cents,
you know, a bit of sense, you know, think of that.
That's how I came up with the name.
Or you can find me on Club Orange.
It used to be called the Orange Pill app.
I'm on there in the same, under the same name, Bitty Sense.
And on X, I'm on X on BittyScent21.
Wow, I love that.
I like that.
Yeah, very exciting.
All right, Cotillionaires, if you have enjoyed today's show,
click the subscribe button at your chance to win this collectible silver coin.
it has satoshi on one side and then a qr code uh with 50 000 sats on the other and it is from
our friends at coin or crypto link coins when we get to 3 000 subscribers if you would like to find
out more ways to support the show either grab your slot in the studio or sponsor you can do so in our
show notes below and sat chats is for educational purposes only and should not be construed as
financial advice and our guest views are
yeah all right
keep stacking them slabs
slabs of sex
Thank you.