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I still think that there's enormous upside left, right?

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I truly believe we're going to hit, you know, 10, $20 million per coin.

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And if you're in your 20s or your 30s, like Walker and I, like by the time we're in our

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50s, right, 40s or late 40s, like you're going to be good.

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You're going to be more than good, right?

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So like that's an enormous opportunity.

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And it's an ego thing.

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Like I get it.

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Like I understand.

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Like I felt the same thing.

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Like when I started stacking Bitcoin, like it's like, no, man, like I missed the boat.

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I know this person that bought, you know, at $50, like I'm buying at 500 or I'm buying at a thousand

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or I'm buying at 10,000. Like, I'm not going to do that. Like, fuck that, bro. Because you know,

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this person bought whatever, that's 100% your ego talking. But if you like, look at it from like

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first principles. And if you look at it from like, just a pure non-emotional logical perspective,

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like what is that? $100,000 to $10 million. And then $100,000 to what? $20 million. What is that?

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like a 100x, a 200x,

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like that will fundamentally fucking change your life.

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And I don't think that there's any other asset

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that's going to give you that type of return

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with so much certainty.

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And I think that's like the really difficult thing to swallow

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because from a risk-adjusted return,

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right now is the best time ever to invest in Bitcoin.

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I don't think we're late at all.

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I still think we're early.

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and even when Bitcoin's at a million dollars per coin,

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where else are you going to put your savings?

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Are you going to put it like what?

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You're going to give it to a guy, Goldman Sachs,

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that charges you a percent

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and he's going to beat the return

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that Bitcoin's going to give you on a yearly basis

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where you don't have to pay anyone else

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and you don't have to give up your custody of it?

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No, of course not.

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I'm going to be buying Bitcoin at $10 million per coin

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because where else are you going to park your wealth?

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Like there is nothing else.

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Nothing's going to give you what Bitcoin can give you.

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What is the role of the state in society?

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As Bitcoiners, we inherently know that money can exist without the state.

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If money can exist without the state, what is the role of the state?

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And I think what Bitcoin has shown is that the state is going to try to justify its role as the gatekeeper of money, the guardian of money, even though it's no longer necessary.

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We've found a superior system.

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We found a system that has rules without rulers.

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We found a system that is completely transparent. We found a system that basically forces a fiscal discipline. That question, I think, in the next decade is going to be it's going to be massive. Humanity is going to have two choices in front of it.

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It's going to have the choice of Bitcoin, which is peace, prosperity, opportunity, hope for the future, optimism.

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And then the other side, which I call slavery, which is central bank digital currencies, which is just a continuation of the fiat system on effing steroids.

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Right. But those are the two choices ahead of humanity.

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There is no in between. Stay humble, stack sats, make sure you have more Bitcoin than the day before.

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And life is going to be OK.

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One of the things that you hear in the United States is like, you always hear this.

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It's like a narrative, like the American dream is dead.

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Yeah, if you're denominating in fiat, if you're denominating in Bitcoin, the American dream is thriving.

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Not only is it the American dream, it's the worldwide dream now.

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Anyone could have the American dream, live the American dream if they use Bitcoin as their unit of account.

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Greetings and salutations, my fellow plebs. My name is Walker and this is the Bitcoin Podcast.

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Bitcoin continues to make new blocks every 10 minutes and the value of one Bitcoin is still

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one Bitcoin. If you are listening to this right now, remember, you're still early.

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This episode is brought to you by Blockware. What if you could lower your tax bill and stack

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Bitcoin at the same time? Well, with Blockware, you can. New U.S. tax rules let miners write off

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100% of their mining hardware in a single year. So earn Bitcoin daily while saving big come tax

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00:04:07,020 --> 00:04:13,900
season. Get started at mining.blockwarsolutions.com slash titcoin. Use the code titcoin to get $100

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off your first miner when using the Blockware marketplace. This is not tax advice, so go speak

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to the team at Blockware to learn more. That's mining.blockwarsolutions.com slash titcoin.

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Head to the show notes for links to find the show on centralized social media platforms and

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on Noster or just go directly to BitcoinPodcast.net. You'll find it all there. And kind reminder

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that you can support this show by becoming a paid subscriber on Fountain. Or don't,

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Bitcoin doesn't care, but I sure do appreciate it. Without further ado,

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let's get into this Bitcoin talk. I'm stoked for Plan B El Salvador. I mean,

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the plan B crew, like they put on just a, they do a very nice job. Like it's, it's very well done.

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The programming is always good. The, uh, just the general vibe like is, is great. I don't know.

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It's, it's nice. Like I enjoy all Bitcoin conferences I go to, but it's, there's something

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about, I think like Lugano specifically that just that city is so magical where you're like, this

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doesn't seem like a real place. Like what is this? Where are we right now?

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Yeah, they put together such a great conference,

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and I feel the same vibe.

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It's very special.

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It's very unique.

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I look forward to it every year.

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And, yeah, they put together a great job.

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It's effing Switzerland, man.

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But the one in El Salvador is just the same vibes.

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You know, it's just in El Salvador, right?

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So, yeah, they put together a great event for sure.

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You've been to El Salvador a few times, right?

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Yeah, man. I've been a couple, yeah, a few to say the least. But yeah, it's great. It's cool. Like I've lived in Latin America. I'm originally from Venezuela. So to see a country like a Hispanic country with that level of safety and security on the ground is like, I can't, like everyone is like basically calling Naim Bukele a dictator and like a fascist and like, oh, this and that.

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and I'm just like in my mind I'm thinking I'm like first of all you guys don't understand the

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political situation on the ground over here second of all I find it like patronizing that

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you as a foreigner are like basically giving us your opinion on how Latin American politics should

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be and third of all what he's done is a miracle like what Naim Bukele has achieved is a miracle

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like he has achieved and El Salvador I felt safer in El Salvador than I felt in some American cities

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and no one's like talking about that it's always like oh he's a dangerous democracy which is like

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the the i always hear that but i'm from venezuela venezuela is a failed state why is venezuela not

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being talked about like why are you talking about this tiny country that like went through 40 years

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of civil war and then venezuela is left out of the equation and somehow naim bukele is the danger

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to democracy, but forget about Maduro, who literally cheated in the last election and

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has seized power.

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Let's completely leave him out of the car.

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Let's not even talk about Cuba either, right?

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Let's forget about those examples and let's talk about how Naim Bukele is a dictator and

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dangerous, even though he has a 97% approval rating.

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Like, oh man.

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This is the insane thing to me.

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Of all the things that are threats to democracy, you would think you could find some better

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examples. But I think the reason that they go after Bukele so much is because he is, it's not

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that it's a threat to democracy. It's just like, it's a threat to the status quo. Cause like things

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are working really well, right? We're keeping, you know, like Europe's got these, the African

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countries on lock, you know, just keeping them subjugated. We got the French just taking care

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of everything with the CFA Frank across 13 different countries. And then, you know, in,

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in Latin America, it's like, it's okay. You know, big daddy USA will take care of things down there,

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keep just enough political unrest that they never really are able to get ahead.

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If we need to, we send in our three letter agencies to, you know, stir up a little bit of trouble.

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And when we have a strong man that gets into power, that's totally okay.

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Just as long as he's our, as long as he's our guy, like, but if he's not our guy, that's a problem.

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That's when we need to start, you know, pushing the narratives a little bit.

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I think that's what it comes down to.

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It's like, he's not their guy.

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You know, he's, he's something else.

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Maybe they tried to make him their guy and it didn't work.

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and now it's like no can't have that because you need to be able to exert control but it's like

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we went there for the first time in 2022 and i remember people asking us like if you know if

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anyone had like knew about el salvador at all which most just didn't really besides it's a

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country they'd be like oh like that's really dangerous are you sure it's going to be safe

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for you guys going down there and we're like yeah like it's it's it's going to be it's going to be

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safe it's already gotten so much safer like since this new president has been in power we we didn't

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know a ton about it back then except you know he had just started those reforms but remember

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walking around the streets and being like this feels a lot safer than chicago like we're like

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a hell of a lot safer than chicago and since being back there we were there twice in 2022

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and then went back there this past uh this past january for plan b el salvador and it was just

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like just even better it had improved even better and this is not to say that any leader is beyond

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of reproach. I think you should justly criticize things when a leader does them poorly. But you

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should also say that if she does something good, you should say that that's a good thing. It's a

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good thing that people aren't getting murdered on the street, that women aren't getting dragged by

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their hair out of buses and had horrible things done to them by these gangs that just ran everything.

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Like that's not a bad thing. That's a really good thing. And I'm sorry if it offends your

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delicate sensibilities that these people tatted from, you know, from top to bottom, uh, are,

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are now sitting in like a maximum security prison. But like, I think that's a good thing. And the

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people of El Salvador seem to think so too. Yeah. I think that was beautifully said. Um,

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and I think it's a projection of, you know, cause Naim Bukele, what he does, you know,

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and again, it's not perfect, right? But it basically shows that a government can actually

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fulfill its basic function, which is protecting citizens and protecting private property from

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crime. Like that's the whole point of paying taxes, right? And I think that the money printer

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has just like kind of dwarfed or like the dwarf is not a good word, but it's, it's kind of like,

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it's changed the incentives of politicians.

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Like it's misaligned the incentives of politicians completely.

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And all of a sudden, like their main priority is keeping power

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and making sure that the money printer keeps flowing.

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And the whole idea of, you know,

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providing the basic roles of government to a society

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just goes out the window.

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And I think that once you have Naim Bukele coming in, popularity of 90% plus stops crime completely.

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It proves that there is another way.

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It proves that it doesn't matter that this is a country with a GDP of $32 billion.

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It proves the fact that if you get your act together, you can actually get rid of crime.

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You can actually propel your people forward.

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Your people will actually feel proud to be from the country they're from.

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Like I'm from Miami, dude.

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And Miami is like the Mecca of like Latin America.

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Like if you're from Latin America and you make it to Miami, it's like you can't go higher than that.

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I have people from El Salvador that I've heard are going back to El Salvador.

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So they're leaving Miami and they're going back to El Salvador.

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That's unheard of.

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You don't hear that.

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That doesn't happen, right?

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But it's happening in El Salvador because of the situation that Nayibu Kele has created on the ground.

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Now, I get his critics now how he's saying, okay, but like, Nico, you understand he has too much power.

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He grew the state to stop crime.

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And, you know, all of that was democratic, right?

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And the same people that are arguing that he's a threat to democracy are completely leaving out the fact that he's done all of this democratically with an overwhelming majority because people are tired, sick and tired.

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Can I curse on this?

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Yeah, dude, you can say whatever the fuck you want.

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People are sick and tired of the bullshit.

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So, you know, they like they look at Naim Bukele and they're like, oh, this is the name of his party.

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If you translate it to English is new ideas.

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Right.

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So he came in there with new ideas, the old left-wing party and the old right-wing party.

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And he's like, look, I'm going to do this differently.

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I'm going to protect private property rights.

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I'm going to make Bitcoin legal tender.

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All this Bitcoin tourism came.

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All this tethers setting up their headquarters there.

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All this benefits for the El Salvadorian people.

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And the people are thriving.

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You compare El Salvador with every other country in Central America.

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whether it comes to the economy, whether it comes to crime,

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whether it comes to any of those things, you don't see an equivalent.

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And it's so crazy that the Western media is hyper-focused on the only country

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that is thriving and succeeding in the region and has figured out how to stop crime.

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Which, again, if you think about first principles and just basic common sense,

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you just lock up the criminals.

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Who would have known?

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Crime stops.

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Oh, my God.

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Like that rocket science, right?

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So I think that the reason that the so-called mainstream media, I don't call them that anymore.

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It's more the legacy media and the politicians and the Western world have such a problem with Naim Bukele is because they're projecting onto him what it is they are guilty of themselves.

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They're projecting onto him their own failures.

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It embarrasses them that he could do what they cannot with less.

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that's what it's about dude that is extremely well said i i want to pause for a second because uh

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we're because i don't have an opti uh some for some reason the nostor stream isn't working and

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i want this with you to be on nostor so i'm going to cut this real quick we're going to restart it

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well not restart it i'm just going to cut it together for the end like published episode

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but i'm going to cut this and redo the stream because you need to be ranting on nostor right

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now. Deal? Sounds good. And I'm going to get myself an opt-in one of these days. And for those

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listening at home, you will have no idea that this even happened because it will be super smoothly

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cut, I promise. What if you could lower your tax bill and stack Bitcoin at the same time? Well,

209
00:15:13,340 --> 00:15:19,280
by mining Bitcoin with blockware, you can. New tax guidelines from the big, beautiful bill allow

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American miners to write off 100% of the cost of their mining hardware in a single tax year.

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That is right, a 100% write-off.

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So if you have $100,000 in capital gains or income,

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you can purchase $100,000 worth of miners and offset it entirely.

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Blockware's mining as a service enables you to start mining right now without lifting a finger.

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to configuring the mining pool.

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They do it all.

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You get to stack Bitcoin at a discount every single day

219
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while also saving big come tax season.

220
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Get started today by going to

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mining.blockwaresolutions.com

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slash titcoin.

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Again, that's mining.blockwaresolutions.com

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slash titcoin.

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Use the code titcoin to get $100 off

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your first miner when using the Blockware marketplace.

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Of course, none of this is tax advice from me.

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Go speak with the team at Blockware to learn more.

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One more time, that is

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238
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I-O forward slash walker. Man, I'm sorry about that. This is why I need my Opti. You know,

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I mean, it doesn't have to be like, well, you know, have you thought about like,

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you saw those new, uh, those new, like robot, those Neo robots or whatever,

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maybe opti can like can like tell a whatever in you know like i'll get a neo here opti can be the

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uh the guy the guy wearing the suit and running it yeah i i troll opti all the time because like

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elon the tesla robot is called optimus yeah so i'm like i'm like dude like i'm gonna get like

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two of them and they're gonna be like different personalities like one's gonna be like a super

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submissive opti um and then one's gonna be like a super like you but times 10 so it's like opti

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make me a sandwich one says fuck you and then the other one's like okay nico no problem i'll go make

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you a sandwich right sure that sounds great sir so and then have the same voice as opti um so have

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like a bunch of different robot optis uh it'd be cool but yeah i don't know maybe maybe it's crazy

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it's kind of the the robotics thing is nuts bro like i know that in 10 years everyone's gonna have

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a robot it's gonna be pretty cool dude it is i think it oh i mean i think so too i think these

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ones right now like you're kind of like beta testing for these companies and like the whole

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thing with like the you're basically like remote viewing in and doing the controls on these things

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like that's a little that gets a little bit weird this feels like a very concerning thing for one's

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privacy like you just got some dude in another country who's like you know remote viewing in

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to control this robot in your home like i don't know seems kind of strange to me but like what do

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i know you know by the way how's my is my audio okay still because yeah you sound as sexy as

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buttery and smooth silky smooth buttery amazing amazing we're back we'll pretend we'll pretend

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the first part never happened for anybody that's just tuning in now which is all of you because

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we're live only on no stir and i screwed up something with the live stream i'm not going

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to blame the devs for this i'm gonna blame myself i screwed it up it's on me but uh nico was was

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getting into some great rants and we were talking about el salvador you'll have to hear about it

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when we do the when i publish this everywhere after the fact but nico we'll just pretend this

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is for real this time because it is but i appreciate you joining we realized we were

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talking about this in ugano and you called me out because you were like dude i had you on my show

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like super early you never had me on yours and i was like i am such a dick and i i realized i was

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like, wow, that is, that is on me. So I'm stoked that you're finally here, man. Well, dude, I'm

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stoked that you're having me, man, because like, you're not a Bitcoin podcaster until you've been

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on the Bitcoin podcast. So I felt like I haven't made it, you know, like I felt like I've,

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I've checked all the boxes, I've done the conferences, I've done the thing.

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And I call myself a Bitcoin podcaster, but how could you be a Bitcoin podcaster if you've never

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been on the Bitcoin podcast. Right. So I'm honored to be here. It's a fair question. But I mean,

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technically, so do you consider yourself, do you consider your show a podcast or do you consider

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like a talk show? Like what, what, what's the genre there? I don't know, man. I don't know.

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It's like, it was really weird, man. Cause so when I started simply like there was, it's like,

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people have to understand this. Like there was no Bitcoin content, right? Like Bitcoin content

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like did not exist. Like there was Marty, there was Stefan Levera, there was Andreas, there was

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Max and Stacey, but like, forget about all the production, the cameras and the microphones.

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And it was like, it was webcam and like Yeti mics and, you know, like the basics. And, you know,

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it was like the infancy of Bitcoin only media. So like, you know, it kind of evolved from like

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this like 10 minute show to this 30 minute show to this 45 minute show to this like hour show.

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And then we figured out how to like break it into segments and stuff like that. But it all

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happened super organically. Like it was not planned at all and it just kind of patched together. And

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then when I started it, it was just a hobby. Like I genuinely felt passionate about talking about

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Bitcoin. And back then you have to understand like the idea that you can make a living or,

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you know much less build a company out of making content about a specific niche like about bitcoin

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on the internet was just like it was considered in pot like it was there was nothing that you can

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refer to and say oh look this person did it right so um it was kind of uncharted territory man and

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it just kind of like one thing led to another and that kind of led to the live show and then

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the live show just kind of picked up a life of its own. Um, and we're just like super blessed to

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just be able to like literally talk about Bitcoin. Like it's super strange, man. Like if, if, if you

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would have, if, if someone would have told me like Nico, like, like this is all the stuff that you

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would go through to like do it. I don't know if I would do it again, to be honest with you, bro.

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It was a lot of pain and a lot of uncertainty.

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Like for the first two years, like you were making content and maybe like 100 people would watch your video.

295
00:22:29,100 --> 00:22:33,940
Right. Now we get like, you know, like over a thousand people watching live.

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Right. So it's a much different type of conversation.

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Right. But back then it was just it was very uncertain.

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But that uncertainty was obviously an opportunity.

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what what year did you like actually start making bitcoin content 20 so i started making

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a youtube content in general like 2017 2016 but those channels you will never see but it's just

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playing like video games and like stuff like that so i've always wanted to see him though

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i've always loved youtube um and then i i did like this equation in my math where in my math

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I did this equation in my head where I was basically thinking, I'm like, okay, it takes about four years to really pick up momentum on YouTube, right? Like that's the rule of thumb. So, and I was like 24, 24, 25 at the time. And I was like, okay, so if I keep making content about video games, first of all, it's very saturated.

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number one number two um by the time like i get any inkling of momentum i'm gonna be 28 29 years

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old and it's like do i really want to be that guy fucking making content about video games

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heading into his 30s right so i was like no like let me just start making content about bitcoin

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And I had no like professional training about media or, you know, journalism or content creation or any of the things.

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I had like no professional training whatsoever.

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I didn't go to school for it.

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But I just did it.

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I iterated every single day and I did it for like, at the beginning the live show was six days a week.

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So I did that for like, and I edited the videos myself and it took me like three hours.

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like each video to edit. But I did that for like two and a half years. And then on like the third

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year is really when like things compounded enough for it to take off. And we were lucky enough to

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get some sponsors that supported us. And then, you know, a year after that, we started hiring

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people. We picked up Rustin, we picked up Dante, Sophie's making content for us now, Oceans,

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of course opti joined um so we picked up like this like this team of content creators

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and yeah we've just been dropping content man it's it's been a extremely surreal experience

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but it's been very painful i'm not gonna lie to you dude it's it's wild to think we're so were you

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already like had you been into bitcoin for a little bit prior to that like you and then like

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that was kind of just a thing in the background like whatever but then you were like okay no i

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this is this other thing I care about, I'm passionate about, let me start putting out

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content. Because like, it's true, there was not like, I was not a Bitcoiner at that time.

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I heard about Bitcoin for the first time in 2014. That was the first time I ignored it.

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Silk Road days, buddy tells me, hey, you know, I got to get these Bitcoins things to

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buy certain things on this certain website. And I was like, whatever nerd, like, you know,

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I don't care about your nerd money. And you know, ignored. And then 2017, like went and,

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you know, bought a couple Litecoin on Coinbase because I didn't realize you could buy a fraction

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00:25:50,840 --> 00:25:54,740
of a Bitcoin. And I was like, I don't have the, I don't have the cash to just throw a bunch of

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money at this, these Bitcoins. Again, they're just like, you know, it didn't do any actual

331
00:25:59,380 --> 00:26:03,680
research into it. Didn't actually look into it. It wasn't until 2020. And so like, it's amazing,

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even just to see from 2020 until now, how much this like content ecosystem has blossomed,

333
00:26:10,220 --> 00:26:15,140
but you've been doing this and been in Bitcoin since like, I mean, you were one of your, you're

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00:26:15,140 --> 00:26:19,100
an OG when it comes to Bitcoin content creation. That's fair to say. Like you've been in the

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game of Bitcoin podcasting, Bitcoin shows, whatever for a long time.

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Yeah So I so it was 2020 So 2020 we started simply again we didn know And yeah it was it was just Walker It was a totally different it was a totally different environment dude Like the idea that you can make money it was like you know I think

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Peter McCormack was the only one that was like able to do it. Um, but like the idea that you can

338
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just like, you can just do things, um, was just like unheard of. Like now, you know, now it's like

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It comes with a lot more certainty, but obviously there's a little bit more saturation.

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00:27:04,886 --> 00:27:07,806
But yeah, man, it was just a totally different ballgame.

341
00:27:08,206 --> 00:27:14,446
And getting involved with different creators and helping their channels grow as well,

342
00:27:14,546 --> 00:27:17,606
like the Swan channel, I blew it the F up.

343
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BTC Sessions worked with him for a while, helped him grow his channel.

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So just kind of seeing, you know, these channels that are like enormous, watching the process.

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And then, of course, doing it for myself, doing it simply was just crazy, man.

346
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It was just like the infancy.

347
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I always say the infancy of Bitcoin only media, you know.

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I don't know if it, I don't know what the future is going to be, you know, five years from now of Bitcoin only media.

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00:27:51,546 --> 00:28:21,086
Like, cause like the way that Mark Moss was talking to what was talking about, it was like, basically like, do you see any podcasts about the internet these days? Like, you know, like, you know, it's just the internet. Like everyone just uses it. So I think a bit, I think about it a little bit differently because I think that Bitcoin itself is like a movement. Like it's like, it's a group of people. Like it's, if you're a Bitcoiner, like you're part of like your own country, it's just own nation on the internet that lives.

350
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Like you think differently, you have a different culture, you have a different ethos.

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So I think it's a little bit different than the internet in that sense.

352
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I might be wrong here.

353
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Mark has obviously been making content for much longer than I have and much more on a

354
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much more successful level.

355
00:28:37,146 --> 00:28:40,846
But yeah, it's a roller coaster ride, man.

356
00:28:40,866 --> 00:28:42,266
And I just take one month at a time.

357
00:28:42,666 --> 00:28:44,566
Walker, to me, it's like this, bro.

358
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If I make payroll that month, I am super effing happy and I'm just taking it one month at

359
00:28:50,086 --> 00:28:56,126
a time and you know it's it's it's great to be able to do this for a living i mean you're you're

360
00:28:56,126 --> 00:29:00,366
damn good at it too like you probably didn't know this you have no way of knowing these things when

361
00:29:00,366 --> 00:29:05,266
you're starting but it's i mean unless you're like really really super confident in you that

362
00:29:05,266 --> 00:29:10,566
ability at that moment but like you have a gift for this right like you are very good at it and

363
00:29:10,566 --> 00:29:14,706
that's obviously something that's also you've i'm you know i haven't seen your gamer videos from back

364
00:29:14,706 --> 00:29:18,926
in the day obviously but like this is something that is practiced right like you you get better

365
00:29:18,926 --> 00:29:23,666
I like I see this in myself I watch like older you know interviews that I've done or whatever and

366
00:29:23,666 --> 00:29:30,326
it's like that's a little awkward you know but uh you you evolve you change you try to grow or at

367
00:29:30,326 --> 00:29:34,386
least you should like you shouldn't stay stagnant but like you've grown this channel I think it's

368
00:29:34,386 --> 00:29:39,146
super impressive like just I mean you're over 100k now just on YouTube alone you guys have also

369
00:29:39,146 --> 00:29:43,546
started taking more of a focus on rumble and maybe something we can talk about is because like we were

370
00:29:43,546 --> 00:29:47,406
just a rumble was, they obviously work closely with the plan B guys.

371
00:29:48,726 --> 00:29:54,146
And you've had some interesting run-ins with YouTube to put it very gently,

372
00:29:54,146 --> 00:29:57,646
but like, let's talk about that a little bit. Maybe that's,

373
00:29:57,686 --> 00:30:00,066
it's probably a good time to do so because, and we're also,

374
00:30:00,146 --> 00:30:01,666
we're live streaming this on Noster right now.

375
00:30:01,746 --> 00:30:03,346
Shout out to everyone who is there.

376
00:30:05,346 --> 00:30:07,426
You have a massive YouTube channel.

377
00:30:07,646 --> 00:30:10,386
You have built a business around this YouTube channel. Yes.

378
00:30:10,386 --> 00:30:12,926
You stream other places. Yes. And you stream to rumble X, whatever.

379
00:30:13,546 --> 00:30:17,066
and you also stream on Noster for people who want to watch it there.

380
00:30:17,546 --> 00:30:19,346
But YouTube is your bread and butter, right?

381
00:30:19,366 --> 00:30:21,086
That's where you have the biggest audience.

382
00:30:21,246 --> 00:30:22,946
That's where you're getting the most exposure.

383
00:30:24,026 --> 00:30:26,526
I mean, given that you guys have been temporarily

384
00:30:26,526 --> 00:30:29,386
or accidentally deplatformed a couple of times,

385
00:30:29,386 --> 00:30:31,346
does that freak you out at all?

386
00:30:31,986 --> 00:30:34,066
That's got to just not be cool.

387
00:30:34,626 --> 00:30:35,446
Of course.

388
00:30:35,626 --> 00:30:40,046
And the advice that I would give any Bitcoin YouTuber content creator

389
00:30:40,046 --> 00:30:42,226
is that it will happen to you.

390
00:30:42,226 --> 00:30:49,106
like it's inevitable that it happens to you um i don't think it's malicious i think it's

391
00:30:49,106 --> 00:30:55,666
algorithmic like the you will say uh some key words in a certain amount of time and it will

392
00:30:55,666 --> 00:31:04,546
trigger the algorithm and it will automatically default to banning you um and then if you have

393
00:31:04,546 --> 00:31:11,906
enough clout on x and you make enough of a ruckus um someone from youtube support will notice

394
00:31:11,906 --> 00:31:17,606
and they'll have a human actually review the algorithmic ban

395
00:31:17,606 --> 00:31:18,986
and they'll reinstate your channel.

396
00:31:19,546 --> 00:31:21,946
And I'm pretty sure, like there's no way to know this for sure,

397
00:31:22,026 --> 00:31:25,386
but I'm pretty certain that they white label,

398
00:31:25,786 --> 00:31:28,046
they put a little label next to your channel after that

399
00:31:28,046 --> 00:31:32,626
and the parameters are a little bit wider algorithmically.

400
00:31:32,926 --> 00:31:35,606
So it's not an auto ban, right?

401
00:31:36,786 --> 00:31:40,366
But I think it's a rite of passage for every Bitcoin content creator

402
00:31:40,366 --> 00:31:45,726
if you're on YouTube, you're going to go through that. It's happened to Bitcoin Magazine. It's

403
00:31:45,726 --> 00:31:51,686
happened to Swan. It's happened to BTC Sessions. It's happened to Luke Mikich. At one point or the

404
00:31:51,686 --> 00:32:01,126
other, if you make Bitcoin content on YouTube, you will get banned. And it is scary. But once you

405
00:32:01,126 --> 00:32:07,226
survive the first one, it gives you a little bit more confidence. And again, there's no way of me

406
00:32:07,226 --> 00:32:13,586
saying this for certain it's just my instinct and just my interpretation of it I'm pretty sure they

407
00:32:13,586 --> 00:32:20,806
put a little label next to your channel after that but with all that being said it is kind of

408
00:32:20,806 --> 00:32:27,626
scary man because like let's say you have a thousand followers on Twitter and let's say you

409
00:32:27,626 --> 00:32:35,546
have 500 followers on YouTube or 2,000 followers on YouTube like there is absolutely no way you're

410
00:32:35,546 --> 00:32:40,626
going to get your channel back. And I've seen that happen a lot, right? Like the people that

411
00:32:40,626 --> 00:32:47,166
have gotten their channels back have been people that have sufficiently sized X accounts that

412
00:32:47,166 --> 00:32:53,546
they're able to make enough of a ruckus where YouTube support on X actually gets a human to

413
00:32:53,546 --> 00:32:59,826
look at the channel so they can reinstate it. But if you don't have enough, if you don't have a big

414
00:32:59,826 --> 00:33:05,366
enough platform on X to make enough of a ruckus, you're not going to get that channel back.

415
00:33:05,546 --> 00:33:06,006
It's gone.

416
00:33:06,346 --> 00:33:11,346
Like they're going to default to the algorithmic ban and they say the algorithm was right.

417
00:33:12,126 --> 00:33:14,946
So, yeah, man, it's scary.

418
00:33:15,126 --> 00:33:18,186
Now, it's a little bit better with the Trump administration, right?

419
00:33:19,106 --> 00:33:25,146
You know, with the previous administration, like there's, I'm not going to be very specific,

420
00:33:25,146 --> 00:33:34,446
but like there's a lot of things that have come out so far that has shown that there was a lot of pressure put on social media companies to censor certain type of content.

421
00:33:34,446 --> 00:33:39,966
and we know that the previous administration didn't appreciate Bitcoin very much, right?

422
00:33:40,426 --> 00:33:44,766
So, yeah, I mean, it's not rocket science to put two and two together.

423
00:33:45,046 --> 00:33:48,186
Now, I do want to give a shout out to Noster and to Rumble.

424
00:33:48,906 --> 00:33:49,966
Rumble's a lifesaver.

425
00:33:50,226 --> 00:33:55,506
The two days that we were banned and we weren't able to stream on YouTube,

426
00:33:55,946 --> 00:33:58,486
our audience actually followed us on Rumble.

427
00:33:58,966 --> 00:34:01,606
And that was like crazy to see.

428
00:34:01,606 --> 00:34:11,306
Like, you know, like we, we, maybe we get like a hundred live viewers on a regular day on Rumble and on YouTube, we average between five to 500 to a thousand.

429
00:34:12,966 --> 00:34:20,266
And those days on Rumble where we were live streaming on Rumble, we were getting like six, 700 live viewers on Rumble.

430
00:34:20,406 --> 00:34:29,746
So that means that our YouTube audience, at least 75 to 80% of them were actually following us to the Rumble platform to watch the show.

431
00:34:29,746 --> 00:34:34,906
and that to me like meant the world to me and those two days were like some of the best effing

432
00:34:34,906 --> 00:34:41,266
shows because as you could see like i'm i you you self-censor a little bit you know once you get on

433
00:34:41,266 --> 00:34:46,106
youtube like you start saying less curse words there's certain topics that you can't talk about

434
00:34:46,106 --> 00:34:51,606
that we talked about on the train in lugano um but you know those were supposed to stay hidden

435
00:34:51,606 --> 00:34:57,966
on the train we were supposed to leave them on the train so yeah it's just the nature of the it's

436
00:34:57,966 --> 00:35:02,846
just the nature of the beast but unfortunately like if you're a content creator and you're trying

437
00:35:02,846 --> 00:35:10,726
to build an audience you have to go on youtube like you there's no other platform where you're

438
00:35:10,726 --> 00:35:18,126
gonna get that type of volume that type of searchability that type of potential to be

439
00:35:18,126 --> 00:35:24,946
discovered with the other platforms like rumble you could do it it's just significantly harder

440
00:35:24,946 --> 00:35:29,446
and Noster is just freaking awesome because it's like our doomsday bunker, bro. Like,

441
00:35:29,866 --> 00:35:34,586
you know, like if one day for whatever reason, you know, governments start cracking down,

442
00:35:34,786 --> 00:35:40,706
it's more unlikely now than it was two or three years ago. We know that we can just go here,

443
00:35:40,866 --> 00:35:45,086
stream and no one's going to be able to take this down. But if you want to get your content out to

444
00:35:45,086 --> 00:35:49,746
the normies and you want to be discovered and you want to build a business around creating content

445
00:35:49,746 --> 00:35:54,426
and media, you have no choice but to post on YouTube.

446
00:35:54,706 --> 00:35:55,826
Like you do not have a choice.

447
00:35:56,626 --> 00:35:59,746
It's nearly impossible to do it on any other platform or protocol.

448
00:36:01,046 --> 00:36:02,326
I think it is a fair point.

449
00:36:02,406 --> 00:36:04,226
It's one that I've had to kind of come around to

450
00:36:04,226 --> 00:36:05,746
because initially when I started this show,

451
00:36:05,886 --> 00:36:07,266
I wasn't even going to do video.

452
00:36:07,366 --> 00:36:08,366
I was just going to do audio.

453
00:36:08,526 --> 00:36:11,906
Like I was like a podcast is a true podcast is just audio, right?

454
00:36:11,926 --> 00:36:15,946
And I want this to be a true another fucking Bitcoin podcast.

455
00:36:15,946 --> 00:36:18,286
And then I was like, well, but shit.

456
00:36:18,286 --> 00:36:24,806
like it's hard to grow it like hard to grow an RSS feed like it's hard to get people you know to

457
00:36:24,806 --> 00:36:30,866
to actually go there and sign up on their podcast platform of choice which people may as well use

458
00:36:30,866 --> 00:36:35,906
fountain because it is at least run by bitcoiners who use Noster they're not paying me to say this

459
00:36:35,906 --> 00:36:40,586
actually pay them to host with them so like you know that I really mean it when I say that it's

460
00:36:40,586 --> 00:36:47,006
it's an awesome awesome product but I realized I was like if I want to actually reach outside of

461
00:36:47,006 --> 00:36:50,006
the echo chamber because otherwise it's just going to be the people that find my rss feed are

462
00:36:50,006 --> 00:36:54,506
going to be the people that saw it on nostr and people that saw it on x which is already limiting

463
00:36:54,506 --> 00:36:59,526
myself to an echo chamber my goal with having this podcast is to try and educate as many people as

464
00:36:59,526 --> 00:37:04,126
possible about bitcoin right that's why that's why you have your channels because you want to bring

465
00:37:04,126 --> 00:37:09,586
bitcoin to as many people as possible so that you can also be signal amidst the noise of shit coins

466
00:37:09,586 --> 00:37:15,066
because that's the other thing like i recently started an instagram account for uh for the

467
00:37:15,066 --> 00:37:20,406
podcast and it's like you like you search bitcoin on there and it's just mostly just shit coin

468
00:37:20,406 --> 00:37:24,326
shills it's just a bunch of like xrp shills and whatever else like they are inundating

469
00:37:24,326 --> 00:37:31,466
instagram there if you go on youtube it's like it's mostly you know oh face like uh selfies of uh

470
00:37:31,466 --> 00:37:36,026
or you know thumbnails of a lot of shit coin shills and crypto bros and everything and it's

471
00:37:36,026 --> 00:37:40,486
like we need more bitcoin only content and you have to meet the people where they are

472
00:37:40,486 --> 00:37:45,726
not where you want them to be. Yes, it would be great if everybody only watched this show on

473
00:37:45,726 --> 00:37:51,366
Noster and only listened to it on Fountain or some other podcasting 2.0 solution. But that's

474
00:37:51,366 --> 00:37:56,086
just not the reality because such a tiny, tiny fraction of people even own Bitcoin yet. Like

475
00:37:56,086 --> 00:38:00,546
we're so damn early. And I feel like, let's talk about that a little bit because you've been in

476
00:38:00,546 --> 00:38:06,726
this space longer than I have. It's still at every point in my journey. Like when I was first getting

477
00:38:06,726 --> 00:38:11,846
started with Bitcoin, I felt that I was way too late. I was like, well, I've already, you know,

478
00:38:11,846 --> 00:38:16,546
like, you know, 2020 is here. They're sending out checks to people, you know, stimmy checks.

479
00:38:17,366 --> 00:38:21,586
I'm, you know, it's taking whatever I can, you know, from the money I'm earning, I'm putting

480
00:38:21,586 --> 00:38:26,026
in Bitcoin, but like, I'm, I'm so late. Bitcoin's been around for so long already. Then we get here

481
00:38:26,026 --> 00:38:32,666
to 2025 and I'm like, we're so early. Like the longer I've been in Bitcoin, the more early I feel,

482
00:38:32,666 --> 00:38:39,126
not just because like you know i'm not some like og right like but eventually anyone who's if you're

483
00:38:39,126 --> 00:38:44,126
buy bitcoin for the first time today you will be an og to the people 20 years from now they'll be

484
00:38:44,126 --> 00:38:50,806
like i can't believe you bought bitcoin in 2025 wow that's amazing do you still have that feeling

485
00:38:50,806 --> 00:38:54,646
does that that's when you share where it's like the longer you're in this the earlier you feel

486
00:38:54,646 --> 00:38:59,746
just like and it becomes clear if you just talk to random people about this you just talk to the

487
00:38:59,746 --> 00:39:07,226
normies like we're early yeah it's uh you know it's really interesting because so when i got in

488
00:39:07,226 --> 00:39:16,306
um i knew people that got bitcoin when it was at a hundred dollars um a sub a hundred dollars i knew

489
00:39:16,306 --> 00:39:24,186
people that were literally mining bitcoin with a cpu you know and um you know they were just

490
00:39:24,186 --> 00:39:30,206
mining like you know the block reward at the time was 50 bitcoin and then it was 25 bitcoin and they

491
00:39:30,206 --> 00:39:37,326
were just doing this at home right like none of them like sophisticated expensive mining equipment

492
00:39:37,326 --> 00:39:42,806
that you have now and the block subsidy is like what like three three and something through 3.125

493
00:39:42,806 --> 00:39:48,966
um and you know i knew people that were just like they had their laptop and they were just getting

494
00:39:48,966 --> 00:39:56,086
50 Bitcoin rewards for finding a block. Right. Um, so when I got in, like, I thought it was late,

495
00:39:56,226 --> 00:40:04,406
you know, I got in, you know, this, uh, the third quarter of, of 2016. Um, and I thought I was late.

496
00:40:04,406 --> 00:40:10,686
I was like, I'm buying this thing for, you know, like five, six, $700. I'm like, what am I doing?

497
00:40:10,686 --> 00:40:19,806
um and if i can go back to my previous self and say nico like what like you're not doing enough

498
00:40:19,806 --> 00:40:28,866
um like shaking that person i totally would um and i did a lot by the way like i i i hyper

499
00:40:28,866 --> 00:40:34,166
obsessed for like four years like i would i would wake up in sweats like what can i do to

500
00:40:34,166 --> 00:40:42,206
accumulate more Bitcoin. Um, and, but I, but if I knew what I knew now, which was, you know,

501
00:40:42,206 --> 00:40:48,846
Bitcoin would be sitting at 107,000 peaked at 126,000. If I could tell my younger self,

502
00:40:49,046 --> 00:40:55,126
you know, many, many years ago, Hey, Nico, like, this is where it's going. Like,

503
00:40:55,846 --> 00:41:00,246
you know, I, I think I, you know, maybe I, perhaps I would have done more. Right.

504
00:41:00,246 --> 00:41:04,706
and I think that's the experience that a lot of people are going to feel like

505
00:41:04,706 --> 00:41:07,646
we're sitting at 107,000.

506
00:41:07,726 --> 00:41:09,806
Bitcoin's been a little bit of a stable coin this year,

507
00:41:10,486 --> 00:41:12,786
but you know,

508
00:41:12,886 --> 00:41:15,386
I think in five,

509
00:41:15,526 --> 00:41:19,306
10 years from now when our kids are up more,

510
00:41:19,366 --> 00:41:19,886
our kids are,

511
00:41:19,946 --> 00:41:21,586
are older and you know,

512
00:41:21,586 --> 00:41:21,846
they're,

513
00:41:21,906 --> 00:41:25,906
they're making full sentences and they're talking and you know,

514
00:41:25,906 --> 00:41:28,586
they're going to school and they're having personalities and we're getting

515
00:41:28,586 --> 00:41:34,846
gray hairs and, you know, Bitcoin's at, uh, you know, a couple million dollars per coin.

516
00:41:35,406 --> 00:41:41,386
Um, you're going to be having the same thoughts. You're going to be like, dude, like I remember

517
00:41:41,386 --> 00:41:48,826
when the bottom of the bear market in 2022, Bitcoin was at $16,000, like whole, like,

518
00:41:49,026 --> 00:41:53,006
oh my God, like, I can't believe, like I had the opportunity to buy it then. Or,

519
00:41:53,126 --> 00:41:57,166
or Bitcoin was at $107,000. Like, I can't believe I had the opportunity to buy that.

520
00:41:57,166 --> 00:42:02,126
you're going to be thinking that when Bitcoin's at, you know, a million dollars per coin,

521
00:42:02,666 --> 00:42:06,126
two million dollars per coin, three million dollars per coin, five million dollars per coin,

522
00:42:06,206 --> 00:42:09,846
10 million dollars per coin, you're going to be thinking about the times that you were able to get

523
00:42:09,846 --> 00:42:14,906
at a hundred thousand dollars per coin. That's no doubt in my mind that's going to be the case. So

524
00:42:14,906 --> 00:42:22,786
to kind of add to your point, you know, are you early in the sense that you're going to,

525
00:42:22,786 --> 00:42:29,346
this is a lottery ticket and you're going to become super wealthy in a very short amount of

526
00:42:29,346 --> 00:42:37,106
time. No, I think that train has definitely passed. Are you late in the sense that Bitcoin isn't going

527
00:42:37,106 --> 00:42:43,146
to dramatically change your life financially compared to where you are now? Absolutely not.

528
00:42:43,806 --> 00:42:51,706
What I tell people is like, look, if you buy Bitcoin and you do it in a disciplined fashion

529
00:42:51,706 --> 00:42:53,706
and you do it for four years.

530
00:42:53,906 --> 00:42:55,846
So you take a percentage of your paycheck

531
00:42:55,846 --> 00:42:58,246
and you put it into Bitcoin

532
00:42:58,246 --> 00:42:59,786
and you do it every single month

533
00:42:59,786 --> 00:43:01,746
and you do that for four years straight.

534
00:43:03,086 --> 00:43:07,146
Add that together and multiply it by 10, right?

535
00:43:07,386 --> 00:43:08,906
And it will blow your mind.

536
00:43:09,026 --> 00:43:11,186
And it doesn't even need to be a big amount, right?

537
00:43:11,206 --> 00:43:13,766
It could be like, you know, $100 a month.

538
00:43:13,826 --> 00:43:15,746
That's $1,200 a year, right?

539
00:43:16,126 --> 00:43:18,326
$1,200 multiplied by four.

540
00:43:18,426 --> 00:43:19,466
I'm terrible at math.

541
00:43:20,086 --> 00:43:21,466
You know, whatever it is.

542
00:43:21,466 --> 00:43:28,746
like what? $4,800, right? Multiply that by 10. That's $48,000. Like where else are you going to

543
00:43:28,746 --> 00:43:36,086
get that? And then let's say you wait eight years, right? Multiply that by 20, right? Now you're

544
00:43:36,086 --> 00:43:41,226
talking about half a million just because you put a thousand dollars away or sorry, a hundred dollars

545
00:43:41,226 --> 00:43:51,226
away, you know, every month and you saved $1,200 a year and you did that for four years and then

546
00:43:51,226 --> 00:43:56,826
you did that for eight years and then you know you have half a million dollars right like that's

547
00:43:56,826 --> 00:44:03,326
that's what and then there's nothing on the face of the planet that can give you that type of at

548
00:44:03,326 --> 00:44:09,586
this point in bitcoin's history that type of opportunity there's nothing else like the s&p

549
00:44:09,586 --> 00:44:14,986
is not going to do it for you um like unless you're putting it in nvidia or something and like

550
00:44:14,986 --> 00:44:20,446
again but it's highly speculative right so like nvidia is doing good what if the ai bubble pops

551
00:44:20,446 --> 00:44:24,526
like you never know. I could tell you that it's infinity divided by 21 million.

552
00:44:26,326 --> 00:44:28,586
So that was a very long-winded

553
00:44:28,586 --> 00:44:32,566
answer to your question, but no, I don't think we're late at all.

554
00:44:32,766 --> 00:44:36,506
I still think we're early. And even when Bitcoin's

555
00:44:36,506 --> 00:44:39,566
at a million dollars per coin, where else are you going to put your savings?

556
00:44:40,306 --> 00:44:44,406
Are you going to put it like what? You're going to give it to a guy, Goldman Sachs, that charges you a percent

557
00:44:44,406 --> 00:44:48,466
and he's going to beat the return that Bitcoin's going to give you on a yearly basis where you don't have

558
00:44:48,466 --> 00:44:53,426
to pay anyone else and you don't have to give up your custody of it? No, of course not. So like,

559
00:44:53,566 --> 00:44:57,266
it's like, I'm going to be buying Bitcoin at $10 million per coin because we're also,

560
00:44:57,406 --> 00:45:01,366
you're going to park your wealth. Like there is nothing else. Like you're going to put it in real

561
00:45:01,366 --> 00:45:04,826
estate. Okay, fine. You put it in real estate. You have to pay the property tax. You have to pay

562
00:45:04,826 --> 00:45:09,226
maintenance, right? Something like, it's like, if you use that real estate as a rental property,

563
00:45:09,226 --> 00:45:13,266
you have to deal with tenants, right? Okay. So you have to deal with that. Then, okay. You put it in

564
00:45:13,266 --> 00:45:17,406
the, um, you put it in the stock market. Let's say you put it in the NASDAQ, you put it at S&P

565
00:45:17,406 --> 00:45:24,886
500. Okay. It gives you what, you know, a good year, five to 10% return. If you adjust that for

566
00:45:24,886 --> 00:45:29,226
inflation, you're treading water, right? You're literally treading water in terms of your

567
00:45:29,226 --> 00:45:36,086
purchasing power, right? So nothing's going to give you what Bitcoin can give you. So yeah,

568
00:45:36,166 --> 00:45:41,246
that's my answer to that question. That's a great rant. I mean, it's also like all of that said,

569
00:45:41,766 --> 00:45:46,726
plus you can take it across any border in the world in your head and no one can take it away

570
00:45:46,726 --> 00:45:53,046
from you. Like all, all of that price appreciation, all of that, but you can send it around the world

571
00:45:53,046 --> 00:45:59,506
24, seven, three 65, and no one can stop you from doing it. Like that's incredible. And I,

572
00:45:59,666 --> 00:46:05,126
on the, the price piece, I think it's interesting because it's like with each order of magnitude

573
00:46:05,126 --> 00:46:11,646
in Bitcoin's price growth, the prior all time high becomes a rounding error. So when you,

574
00:46:11,646 --> 00:46:15,826
when you go from a dollar to $10, a dollar is, is, you know,

575
00:46:15,826 --> 00:46:17,786
doesn't move the needle anymore. And like, by the way,

576
00:46:17,786 --> 00:46:20,226
that is increasing like exponentially too. Right.

577
00:46:20,366 --> 00:46:22,386
So then you go from $10 to a hundred dollars.

578
00:46:22,446 --> 00:46:23,786
It's like $10 doesn't mean so much anymore.

579
00:46:24,326 --> 00:46:26,966
A hundred to a thousand, same thing, a hundred. And then you go, you know,

580
00:46:26,966 --> 00:46:28,046
start really getting up there.

581
00:46:28,046 --> 00:46:33,746
It's like the difference between a hundred thousand dollar Bitcoin and a

582
00:46:33,746 --> 00:46:35,746
million dollar Bitcoin moving an order of magnitude.

583
00:46:35,746 --> 00:46:38,446
It's like a hundred thousand dollars, whether it's, you know,

584
00:46:38,446 --> 00:46:43,826
0.9 million or 1.1 million or 1.0 million. It's like a hundred thousand dollars isn't a very big

585
00:46:43,826 --> 00:46:48,786
deal anymore, you know? And so it's like our perspective shifts constantly and we'll continue

586
00:46:48,786 --> 00:46:55,126
to shift. And I think you're right. And that's something that people as like to shift focus to

587
00:46:55,126 --> 00:47:00,346
like the, you know, the current market sentiment, it's like, everybody is seeming super weirdly

588
00:47:00,346 --> 00:47:05,446
bearish or whatever, because Bitcoin has been kind of just like a stable coin, like you said.

589
00:47:05,446 --> 00:47:12,546
And I think that's because people still, they expect Bitcoin to just like, to just make them instantly rich.

590
00:47:12,606 --> 00:47:16,286
Like, especially if you just got in, you're expecting this to just snap your fingers.

591
00:47:16,406 --> 00:47:17,046
You bought Bitcoin.

592
00:47:17,186 --> 00:47:18,126
All right, where's my ticket?

593
00:47:18,226 --> 00:47:23,466
You know, ticket to the, to fancy town or I don't know, wherever you go when you, when you get super rich.

594
00:47:23,466 --> 00:47:33,546
But the reality is that it's like, if you miss those couple of days in the year where Bitcoin does make those violent moves, you miss out on all its gains.

595
00:47:33,546 --> 00:47:36,226
And there's only like a dozen or something of those in the whole year.

596
00:47:36,726 --> 00:47:40,626
And so your advice is like, look, just stack sats consistently.

597
00:47:41,086 --> 00:47:42,226
Try to create value.

598
00:47:42,366 --> 00:47:45,966
Try to bring in as much fiat as you can and pump that into Bitcoin.

599
00:47:46,346 --> 00:47:50,866
Because you will look back and think, fuck, I should have been stacking harder.

600
00:47:51,246 --> 00:47:52,586
Like I should have been stacking harder.

601
00:47:53,226 --> 00:47:53,706
I don't know.

602
00:47:54,826 --> 00:47:59,626
What are you seeing right now in the broader market?

603
00:47:59,626 --> 00:48:01,806
And I hate asking questions like this.

604
00:48:01,806 --> 00:48:06,626
But like, I'm genuinely curious from the perspective of like, what's your vibe on everything right now?

605
00:48:06,886 --> 00:48:09,106
To me, I'm insanely bullish right now.

606
00:48:09,106 --> 00:48:17,606
And everybody seems to be just like, like Bitcoiners are fighting amongst themselves, which I've come to realize that's a symptom of Bitcoin's being boring or Bitcoin's not doing well.

607
00:48:17,686 --> 00:48:20,226
Then Bitcoiners start fighting themselves instead of fighting the central bankers.

608
00:48:20,286 --> 00:48:22,046
Like, what's your vibe check right now?

609
00:48:22,506 --> 00:48:24,086
I love vibe check questions.

610
00:48:24,566 --> 00:48:24,886
Yes.

611
00:48:25,326 --> 00:48:28,326
So what's the, so the vibe is this, right?

612
00:48:28,326 --> 00:48:35,466
um bitcoin has a way of of or at least my vibe um bitcoin has a way of like taking your

613
00:48:35,466 --> 00:48:42,886
expectations and grounding and pulverizing them into very fine particles um and this year

614
00:48:42,886 --> 00:48:48,506
is the year after the having so historically what tends to happen to bitcoin the year after the

615
00:48:48,506 --> 00:48:55,306
having is it tends to have its most uh parabolic year or parabolic yeah parabolic performance

616
00:48:55,306 --> 00:49:03,346
that has not happened this year so a lot of people right now are getting bored to death

617
00:49:03,346 --> 00:49:09,326
because essentially when trump was inaugurated the price of bitcoin was 109 000 today when we're

618
00:49:09,326 --> 00:49:16,786
recording this right now price of bitcoin is 106 887 that means in 10 months they were 10 months

619
00:49:16,786 --> 00:49:22,906
older bitcoin has literally gone sideways and you know there's some been some valleys and peaks along

620
00:49:22,906 --> 00:49:29,806
the way. But in the grand scheme of things, it's just been a stable coin, right? So that's very

621
00:49:29,806 --> 00:49:35,666
strange for Bitcoiners. Bitcoiners have not been used to those types of markets. We've been used to

622
00:49:35,666 --> 00:49:43,806
markets where you've had retail-driven mania phases, right? The first one that I remember,

623
00:49:43,806 --> 00:49:51,946
of course, being 2017, where the January, the price was around $1,000 and December said $20,000.

624
00:49:51,946 --> 00:50:05,906
That's 20x. And then the 2020-2021 bull market, you know, it went from, I think it was like 3,500, which was the bottom, to 69,000, which is insanity, right?

625
00:50:05,906 --> 00:50:13,926
And this year, this cycle, it's been very strange because 2023 was fantastic.

626
00:50:14,586 --> 00:50:17,086
2020-24 was pretty good as well.

627
00:50:17,426 --> 00:50:23,466
But we've gone from 16K to 126K over a span of three years.

628
00:50:23,726 --> 00:50:27,646
But the third year, nothing's really happened, right?

629
00:50:27,646 --> 00:50:37,726
So I tend to look at markets where the exact opposite happens to what everyone is expecting.

630
00:50:38,426 --> 00:50:42,306
And what I saw this year, and I was guilty of that myself, of course,

631
00:50:42,466 --> 00:50:45,186
I was very excited when Trump was inaugurated.

632
00:50:46,566 --> 00:50:53,186
What I saw this year was the expectation that Bitcoin was going to go bananas.

633
00:50:53,546 --> 00:50:55,486
And everyone thought it.

634
00:50:55,486 --> 00:51:16,026
It reminded me of like 2020 where everyone thought that Bitcoin was going to hit 100,000 because Plan B was posting these videos on Twitter and on YouTube and 100,000 was guaranteed and we peaked at 69K and then we went down to 16K, right?

635
00:51:16,186 --> 00:51:18,246
Like that's what happened in 2021.

636
00:51:18,906 --> 00:51:22,826
This cycle, what is happening in 2025?

637
00:51:22,826 --> 00:51:26,306
the exact opposite of what everyone was anticipating,

638
00:51:26,846 --> 00:51:28,906
which was everyone was anticipating a run-up.

639
00:51:29,186 --> 00:51:30,626
We never got a run-up.

640
00:51:30,966 --> 00:51:31,926
It just went sideways.

641
00:51:32,766 --> 00:51:36,626
And now what I'm seeing is that everyone is basically,

642
00:51:36,806 --> 00:51:39,606
everyone and their mother, the sentiment right now is horrible.

643
00:51:40,266 --> 00:51:41,546
It's very, very bad.

644
00:51:42,066 --> 00:51:43,866
And it's very, very bad because everyone's,

645
00:51:44,126 --> 00:51:46,826
if you've been in Bitcoin for a while, you're a dopamine addict.

646
00:51:47,086 --> 00:51:49,866
Those parabolas are very, very addicting.

647
00:51:49,866 --> 00:51:53,626
and no one's got a dopamine hit since 2021.

648
00:51:54,386 --> 00:51:57,626
So people have been fiending for this for four years

649
00:51:57,626 --> 00:52:01,926
and nothing's really happened in terms of that final parabola,

650
00:52:02,086 --> 00:52:03,366
that final blow-off movement.

651
00:52:03,906 --> 00:52:06,886
Now people are basically calling for the end of the cycle,

652
00:52:06,886 --> 00:52:09,906
saying like, look, we peaked in October, it was 2026,

653
00:52:10,166 --> 00:52:13,726
and now it's over, now it's done because of the cycles,

654
00:52:13,806 --> 00:52:16,006
the cycles, the cycles, the cycles, the cycles.

655
00:52:16,466 --> 00:52:19,286
You know, Bitcoin's a four-year cycle, it's set in stone.

656
00:52:19,866 --> 00:52:22,906
But there's only three data points for that, right?

657
00:52:22,906 --> 00:52:33,346
Like what would happen if it's January or February of 2026 and the Bitcoin price keeps going up, right?

658
00:52:33,546 --> 00:52:37,026
Like that would catch everybody off guard.

659
00:52:37,266 --> 00:52:38,726
No one would expect it.

660
00:52:38,946 --> 00:52:42,326
Everyone would be like, no, but that's impossible because of the Bitcoin cycles, right?

661
00:52:42,326 --> 00:53:04,086
But, you know, for you to have this 60 to 70 to 80% correction, you need to have a mania phase. And we haven't had it. Like if you look at the infamous Wall Street cheat sheet, right, that we talk about all the time on Simply, which is, you know, it's like disbelief, hope, euphoria, you get this kind of euphoric, like euphoric run up.

662
00:53:04,086 --> 00:53:06,926
and I don't want to hear it from people that say,

663
00:53:07,026 --> 00:53:07,446
no,

664
00:53:07,546 --> 00:53:07,806
Nico,

665
00:53:08,026 --> 00:53:26,752
that not going to happen because Bitcoin is a trillion market cap And it not going to happen Nico it it too large of a market cap And I like dude shut the fuck up Look at what happened to gold Gold literally went parabolic and it as a it a trillion market cap So shut up Like I don want to hear that Like that bullshit

666
00:53:26,932 --> 00:53:33,912
right? That's cope. So we, we haven't, we haven't been in a bull market in 2025.

667
00:53:34,412 --> 00:53:39,592
That's a very tough pill for people to swallow, but it's a fact. Bitcoin's gone sideways

668
00:53:39,592 --> 00:53:48,672
and potentially in 2026, you might have a continuation of this bull market movement.

669
00:53:48,932 --> 00:53:51,732
You might have a continuation of the price continuing to go up,

670
00:53:51,832 --> 00:53:54,572
and that might end up in some type of parabola.

671
00:53:54,892 --> 00:53:57,072
But we haven't experienced that yet.

672
00:53:57,392 --> 00:54:01,852
We haven't been in a bull market since 2023 and 2024.

673
00:54:02,452 --> 00:54:04,112
2025 was not a bull market.

674
00:54:04,112 --> 00:54:05,752
I don't care what anybody says.

675
00:54:05,752 --> 00:54:11,952
I know that people try to spin it and the people that send newsletters and they're like, it's been performing amazingly.

676
00:54:12,272 --> 00:54:15,472
And again, these people are my friends, so I'm not trying to point anyone out.

677
00:54:15,892 --> 00:54:21,932
But it's like if you just look at the data, Trump, the inauguration day, Bitcoin price was $109K.

678
00:54:22,392 --> 00:54:28,492
Today, 10 months later, almost 11 months later, Bitcoin is at $106,755.

679
00:54:29,392 --> 00:54:31,492
That's not a bull market, bro.

680
00:54:32,252 --> 00:54:33,312
That's not a bull market.

681
00:54:33,492 --> 00:54:35,392
If anything, we've gone down.

682
00:54:35,752 --> 00:54:38,272
Just a little bit, but we've gone down, right?

683
00:54:38,712 --> 00:54:42,632
So yeah, man, that's kind of like the vibe check right now that I'm feeling on X.

684
00:54:43,052 --> 00:54:44,952
Just people are bored out of their minds.

685
00:54:45,492 --> 00:54:46,512
I think it's on purpose.

686
00:54:46,592 --> 00:54:51,752
I think since the institutions and Wall Street got involved, I think they're trying to shake

687
00:54:51,752 --> 00:54:52,792
people out of their bags.

688
00:54:53,392 --> 00:54:54,952
I think they're trying to get your Bitcoin.

689
00:54:55,252 --> 00:54:58,792
And I think they're trying to get your Bitcoin the way that Wall Street knows how to get

690
00:54:58,792 --> 00:55:05,432
people's stuff, which is bore you to death and get you to sell your Bitcoin for more

691
00:55:05,432 --> 00:55:10,252
speculative assets because you think it's going to outperform Bitcoin. And then before you know it,

692
00:55:10,252 --> 00:55:15,872
you end up with less Bitcoin. I think that's what's happening, not financial advice.

693
00:55:16,392 --> 00:55:21,552
There's no way for me to know this. I'm not a fortune teller. Anyone who tells you otherwise

694
00:55:21,552 --> 00:55:27,572
is lying. But that's the vibe I'm seeing right now. The main consensus is we're going to have

695
00:55:27,572 --> 00:55:33,192
a blow off top at the end of the year and 2026 is going to be a bear market. But Bitcoin has shown

696
00:55:33,192 --> 00:55:38,452
historically that the main consensus is always fucking wrong.

697
00:55:39,032 --> 00:55:42,012
So I don't know, man, strap on. We'll see what happens.

698
00:55:43,092 --> 00:55:46,572
I think you mean strap in, but strap on too. That's fine.

699
00:55:46,792 --> 00:55:50,592
I said strap on cause I'm with you. So yeah, sure.

700
00:55:51,232 --> 00:55:52,852
No, I think that's fair. I mean,

701
00:55:52,932 --> 00:55:57,092
the other thing to point out is that like there you talked about people that you

702
00:55:57,092 --> 00:55:59,292
knew coming up in Bitcoin, right? That had been,

703
00:55:59,292 --> 00:56:01,312
We're mining Bitcoin on CPUs, right?

704
00:56:01,472 --> 00:56:01,912
Insane.

705
00:56:01,972 --> 00:56:07,552
We can't even conceptualize this now with the complexity of ASIC rigs and public Bitcoin mining operations now.

706
00:56:08,072 --> 00:56:12,692
But if you think about this, there are still massive, massive whales out there.

707
00:56:12,772 --> 00:56:13,552
So many of them.

708
00:56:13,692 --> 00:56:15,192
It's hard for us to conceptualize.

709
00:56:15,232 --> 00:56:19,512
We saw a couple of them liquidate a lot of coins at multiple points earlier this year.

710
00:56:19,552 --> 00:56:21,392
What was that one cell?

711
00:56:21,652 --> 00:56:24,952
Like 80,000 or something, 80,000 Bitcoin.

712
00:56:25,412 --> 00:56:28,372
I can't even wrap my brain around that.

713
00:56:28,372 --> 00:56:34,692
that that's that's mind-blowing and those coins have been sitting there for many many years so i

714
00:56:34,692 --> 00:56:38,792
think there is a lot of that happening too like for you know a lot of people who held from a couple

715
00:56:38,792 --> 00:56:45,892
dollars or mined it for free on a cpu or a gpu they're like yeah okay i'll sell some corn over

716
00:56:45,892 --> 00:56:51,352
100 over 100 000 us dollars yeah like why not i've got thousands of them so i think you do see a lot

717
00:56:51,352 --> 00:56:56,072
of that i think also yeah there's going to be wall street games that get played because this is uh

718
00:56:56,072 --> 00:56:59,772
we're swimming in a different pool now, right?

719
00:57:00,112 --> 00:57:01,392
There's different players here

720
00:57:01,392 --> 00:57:02,872
and they are paying attention.

721
00:57:03,032 --> 00:57:05,032
Like they are undoubtedly paying attention.

722
00:57:05,432 --> 00:57:07,272
I love that I was watching your show.

723
00:57:07,372 --> 00:57:09,052
You were live on Simply Bitcoin

724
00:57:09,052 --> 00:57:11,252
right before you hopped on here.

725
00:57:11,312 --> 00:57:13,932
You know, the life of a podcaster is a tiresome one.

726
00:57:14,272 --> 00:57:16,152
But you guys were talking about that clip

727
00:57:16,152 --> 00:57:17,812
that's going around of Jamie Dimon.

728
00:57:17,812 --> 00:57:20,172
I don't even know what sort of summit it is or whatever,

729
00:57:20,312 --> 00:57:22,032
but he basically does everything he can

730
00:57:22,032 --> 00:57:22,992
not to say the word Bitcoin.

731
00:57:23,072 --> 00:57:24,092
You know, he's talking about his JPM,

732
00:57:24,392 --> 00:57:26,012
their JPM coin and, you know,

733
00:57:26,012 --> 00:57:31,432
stable coins and blockchain technology, all of these kind of just buzzwordy type things.

734
00:57:31,432 --> 00:57:38,572
And it's just funny because it's like, he knows, like he knows that Bitcoin is the one,

735
00:57:38,912 --> 00:57:45,292
right? He's just doing everything he can not to say that because once a guy like that comes around

736
00:57:45,292 --> 00:57:51,912
to it, it's like when, you know, BlackRock, Larry Fink came around to it. That's a big deal.

737
00:57:51,912 --> 00:57:57,432
people pay attention to that in that fiat world in that wall street world and bitcoiners pay

738
00:57:57,432 --> 00:58:03,212
attention to it we you know for different reasons but we pay attention to it and so it is interesting

739
00:58:03,212 --> 00:58:09,552
i think we're going to see a lot of capitulation in the coming years from that trad fi world we're

740
00:58:09,552 --> 00:58:14,672
already seeing it we're already seeing the more of an embrace of this and a lot of that i think

741
00:58:14,672 --> 00:58:20,472
does come to the administration being more positive but then at the same time it's like man we've we've

742
00:58:20,472 --> 00:58:25,352
been a stable coin this year, right? I'm still extremely bullish on what may happen the rest of

743
00:58:25,352 --> 00:58:30,872
this year, but I'm also patient because it's like, I don't know, for me, I don't mind that Bitcoin

744
00:58:30,872 --> 00:58:36,772
has been a stable coin. My DCA is hit. I've got DCA set up every hour of every day just for fun.

745
00:58:36,852 --> 00:58:40,972
Why not? I'm trying to level that price out as much as possible. And so it's like, yeah,

746
00:58:40,972 --> 00:58:47,332
this is great. My DCA keeps hitting. I keep stacking, keep trying to create value in this

747
00:58:47,332 --> 00:58:51,412
world and bring in a little more fiat that I can use, try to earn in Bitcoin when I can.

748
00:58:52,292 --> 00:58:57,792
And yeah, live a peaceful life and spend time with my family. And that's like, that's not so bad. So

749
00:58:57,792 --> 00:59:03,792
we're going to get that mania again, I'm sure, but I don't mind a little bit of a break, you know?

750
00:59:04,712 --> 00:59:11,492
Yeah. Yeah. I mean, again, like you asked me a question about the vibes, right? And I think

751
00:59:11,492 --> 00:59:17,312
what you've just described is something that I call Bitcoin Zen, which is I think what every

752
00:59:17,312 --> 00:59:24,752
Bitcoiners should aspire to get to, which is this idea of, you know, stay humble, stack sats,

753
00:59:25,352 --> 00:59:32,372
focus on your craft and, you know, don't play any games in terms of taking margin or,

754
00:59:32,912 --> 00:59:38,912
you know, none of the shit coiner stuff, things to do. Just stay humble, stack sats,

755
00:59:39,172 --> 00:59:44,772
make sure you have more Bitcoin than the day before and life is going to be okay. You know,

756
00:59:44,772 --> 00:59:53,792
it really is um and like bitcoin has this way of like really um it really gives you this optimism

757
00:59:53,792 --> 01:00:00,152
for the future that i think that the rest of the world is is just they don't even know this this

758
01:00:00,152 --> 01:00:05,132
isn't even a even a possibility like one of the things that you hear in the united states is like

759
01:00:05,132 --> 01:00:12,212
you always hear this it's like a like a narrative like the american dream is dead um yeah if you're

760
01:00:12,212 --> 01:00:18,832
denominating in fiat, if you're denominating in Bitcoin, the American dream is thriving. Not only

761
01:00:18,832 --> 01:00:23,772
is it the American dream, it's the worldwide dream now. Anyone could have the American dream,

762
01:00:24,032 --> 01:00:29,792
live the American dream if they use Bitcoin as their unit of account. So yeah, man, I mean,

763
01:00:29,792 --> 01:00:37,032
you know, one thing is the vibe on Bitcoin Twitter, on Bitcoin X, and for us content creators that

764
01:00:37,032 --> 01:00:41,632
literally have to talk about Bitcoin every single day. And then the other thing is, you know,

765
01:00:42,212 --> 01:00:48,892
reaching Bitcoin's end, which is, I think, you know, what, what, you know, I think what should

766
01:00:48,892 --> 01:00:53,892
be the aspiration of, of, of a, of a Bitcoin, if you're, if you're just getting into this game,

767
01:00:54,452 --> 01:01:00,672
everything's going to be fine. Just be fine. Don't play any games. Don't try to shit coin. Don't,

768
01:01:00,672 --> 01:01:04,672
you know, buy things on margin, you know, like literally stay humble, stack sats,

769
01:01:04,952 --> 01:01:09,112
do it for four years. You're going to realize it's a good idea and then do it for eight years.

770
01:01:09,112 --> 01:01:12,552
and you're going to realize that you're in a much better financial position than you were

771
01:01:12,552 --> 01:01:18,352
when you started, right? That's kind of like the rule of thumb that I get, tell everybody. And then

772
01:01:18,352 --> 01:01:21,972
12 years, I don't know, I haven't been there yet. I'll let you know when I get there. But,

773
01:01:22,072 --> 01:01:30,872
you know, again, it's reaching this Bitcoin's end where you literally don't care. And I've talked to,

774
01:01:30,992 --> 01:01:35,752
you know, people that have gone into Bitcoin super early and we just hang out and we're just,

775
01:01:35,752 --> 01:01:42,452
you know, drinking beer, smoking cigars. And I've talked to them and, you know, if the price gets

776
01:01:42,452 --> 01:01:47,092
brought up, they're like, what's the price again? Like they don't even care. Right. Of course they

777
01:01:47,092 --> 01:01:51,472
don't care because again, these are people that bought Bitcoin sub a hundred dollars. You know,

778
01:01:51,492 --> 01:01:56,252
these are people that are buying Bitcoin, like 10, $20 per coin. Like do you think they give a shit

779
01:01:56,252 --> 01:02:04,892
if Bitcoin goes from 120 K to 106 K to 80 K? Like they don't give a flying F. Right. So, you know,

780
01:02:04,892 --> 01:02:08,512
try to reach Bitcoin's end, kids.

781
01:02:08,752 --> 01:02:09,452
That's the goal.

782
01:02:09,832 --> 01:02:11,452
Walker has reached Bitcoin's end.

783
01:02:11,532 --> 01:02:12,732
Try to reach Bitcoin's end.

784
01:02:13,192 --> 01:02:15,112
And I think your life will be much better for it.

785
01:02:15,992 --> 01:02:18,832
It's good advice because it's a happier place to be

786
01:02:18,832 --> 01:02:22,332
when you realize, I think that the switch that gets flipped

787
01:02:22,332 --> 01:02:26,432
is when you're excited about the price going down

788
01:02:26,432 --> 01:02:29,192
because it means you can buy a little bit more.

789
01:02:29,332 --> 01:02:31,772
It means your fiat goes just a little bit farther

790
01:02:31,772 --> 01:02:33,772
than it would have the day before.

791
01:02:33,772 --> 01:02:39,112
and that's that's an exciting thing right because all of us again when you look back retrospectively

792
01:02:39,112 --> 01:02:42,992
you're like i wish i would have bought more bitcoin when it was cheaper a dip is when it

793
01:02:42,992 --> 01:02:47,652
is cheaper that that's literally like it's what you always beg for but then when it comes what do

794
01:02:47,652 --> 01:02:52,252
you do you're oh you're bemoaning the fact that all bitcoin dipped and i just and i just bought

795
01:02:52,252 --> 01:02:55,532
some yesterday when it was higher and if i would have just bought it today i would have had more

796
01:02:55,532 --> 01:03:00,812
but it's like no this is your opportunity like this is your opportunity to buy at that time that

797
01:03:00,812 --> 01:03:03,172
You said you would, you told yourself you would do it.

798
01:03:03,232 --> 01:03:04,292
You promised yourself.

799
01:03:04,452 --> 01:03:04,812
Yeah.

800
01:03:04,812 --> 01:03:06,872
When Bitcoin dips, I'm going to, I'm going to buy more this time.

801
01:03:06,872 --> 01:03:10,892
I'm not just going to, you know, sit on my hands or, you know, whatever, but it's like,

802
01:03:10,892 --> 01:03:13,972
I don't know, but human beings were fickle creatures, right?

803
01:03:14,032 --> 01:03:15,392
This is not me shaming anyone.

804
01:03:15,392 --> 01:03:17,732
This is like a natural human response.

805
01:03:17,732 --> 01:03:22,112
We want to buy when it's blowing off, when the top's blowing off, not when the bottom's

806
01:03:22,112 --> 01:03:22,892
about to form.

807
01:03:22,892 --> 01:03:24,012
Like that's what we do.

808
01:03:24,032 --> 01:03:28,612
But if you can get past those human emotions, if you can find that Bitcoin Zen, like you

809
01:03:28,612 --> 01:03:35,272
said, Nico, I think that that's like, that's what you should strive to get to be happy when the dip

810
01:03:35,272 --> 01:03:40,112
presents itself because it's giving you an opportunity to save just a little bit more than

811
01:03:40,112 --> 01:03:46,272
you would have to send your dirty fiat petrodollar cuck bucks, your, your, your war dollars just a

812
01:03:46,272 --> 01:03:51,112
little bit farther or your Canadian monopoly money or your, you know, British monopoly money or any

813
01:03:51,112 --> 01:03:55,732
of the monopoly monies around here. Uh, even the, you know, the, the Swiss monopoly money, it's,

814
01:03:55,732 --> 01:03:59,832
it's still monopoly money it's just a little bit better monopoly money but you get to go a little

815
01:03:59,832 --> 01:04:06,112
bit farther a hundred percent it's so interesting too about switzerland it's like if any country

816
01:04:06,112 --> 01:04:13,172
could have perfected fiat it would have been them and they they almost got it right but they still

817
01:04:13,172 --> 01:04:20,172
have like that one two percent inflation um even though they have like this crazy discipline and

818
01:04:20,172 --> 01:04:27,692
stuff like that. And Bitcoin is still better, right? So yeah, man, it's really simple as that.

819
01:04:28,252 --> 01:04:33,432
And Bitcoin really does give you this escape valve. It really gives you this opportunity to

820
01:04:33,432 --> 01:04:39,312
live this life that you want to live. But again, it doesn't come free. You do have to pay your

821
01:04:39,312 --> 01:04:46,692
price of tuition. It takes years of just disciplined stacking. And then eventually, like I said,

822
01:04:46,692 --> 01:04:51,892
I think you're going to be in a much better financial position than where you were when you started.

823
01:04:52,372 --> 01:05:03,072
And I will say this, like, you know, at $107,000, I still think that there's enormous upside, you know, left, right?

824
01:05:03,892 --> 01:05:08,352
I truly believe we're going to hit, you know, $10, $20 million per coin.

825
01:05:08,532 --> 01:05:16,632
And if you're in your 20s or your 30s, like Walker and I, like, you know, by the time we're in our 50s, right?

826
01:05:16,692 --> 01:05:21,332
you know, or forties or late forties, like you're going to be good. You're going to be more than

827
01:05:21,332 --> 01:05:28,552
good. Right. So like, that's an enormous opportunity that, you know, you might, and it's an ego thing.

828
01:05:28,552 --> 01:05:33,352
Like I get it. Like, I understand, like I felt the same thing. Like, you know, when I started

829
01:05:33,352 --> 01:05:39,152
stacking Bitcoin, like, it's like, no man, like I missed the boat. I know this person that bought,

830
01:05:39,312 --> 01:05:44,672
you know, at $50, like I'm buying at 500 or I'm buying at a thousand or I'm buying at 10,000.

831
01:05:44,672 --> 01:05:49,412
like I'm not going to do that like fuck that bro because you know this person bought whatever that's

832
01:05:49,412 --> 01:05:55,132
100% your ego talking but if you like look at it from like first principles and if you look at it

833
01:05:55,132 --> 01:06:01,652
from like just a pure non-emotional logical perspective like what is that a hundred thousand

834
01:06:01,652 --> 01:06:06,412
dollars to ten million dollars and then a hundred thousand dollars to what twenty million dollars

835
01:06:06,412 --> 01:06:14,212
what is that like a like a hundred x a 200 x like that will fundamentally fucking change your life

836
01:06:14,212 --> 01:06:23,912
And I don't think that there's any other asset that's going to give you that type of return with so much certainty.

837
01:06:24,392 --> 01:06:37,012
And I think that's the really difficult thing to swallow because from a risk-adjusted return, right now is the best time ever to invest in Bitcoin.

838
01:06:37,652 --> 01:06:42,352
The early times, you've had to understand it was the wild fucking West.

839
01:06:42,352 --> 01:06:44,352
This is what people don't understand, right?

840
01:06:44,412 --> 01:06:52,452
Like a lot of the OGs, I would say about 50% of them lost the majority of their coins.

841
01:06:52,732 --> 01:06:59,392
Because you have to understand they bought at a dollar, but they sold at 100 or they sold at 500.

842
01:06:59,952 --> 01:07:03,012
And they thought they were making a fortune and they did.

843
01:07:03,132 --> 01:07:05,372
They made like a 500X, right?

844
01:07:05,972 --> 01:07:10,852
But they had no effing idea that it was going to go to, you know, 100,000.

845
01:07:10,852 --> 01:07:26,992
And then you hear the stories. I've heard multiple stories. I've heard a story. I'm not going to name who he is, but I've heard a story of someone who got in super early. He had like 10, 20, 30,000 coins. He took 10,000 coins and he bought a one bedroom apartment.

846
01:07:26,992 --> 01:07:34,152
you know and this was like back in the early 2000s i mean early 2010s right you know looking

847
01:07:34,152 --> 01:07:38,852
back on that you're like that was a really bad fucking idea right and then i've heard stories

848
01:07:38,852 --> 01:07:46,012
of people again like buying houses or buying a car um you know they spent 100 coins or 200 coins

849
01:07:46,012 --> 01:07:52,392
or 300 coins or a thousand coins on these things but again they had no idea that it was going to

850
01:07:52,392 --> 01:07:59,512
reach 100,000. Now we know Bitcoin has value. Like we know this thing's going to $10 million

851
01:07:59,512 --> 01:08:05,652
or $20 million. So you know that if you sell your Bitcoin right now, there's a high likelihood that

852
01:08:05,652 --> 01:08:09,712
you're probably not going to get it back. And there's a high likelihood that it's probably

853
01:08:09,712 --> 01:08:17,032
going to buy you a lot more tomorrow or 10 years from now than it is today. Back in those days,

854
01:08:17,032 --> 01:08:23,812
there was complete uncertainty like it's so easy to say oh my god i wish i got into bitcoin

855
01:08:23,812 --> 01:08:34,172
in 2013 and 2014 and 2011 look even if you did get into bitcoin in 2011 you probably wouldn't

856
01:08:34,172 --> 01:08:39,092
have it today because you have no idea the things that they went through in the beginning

857
01:08:39,092 --> 01:08:44,552
there was legal uncertainty there was just uncertainty in general like bitcoin wasn't

858
01:08:44,552 --> 01:08:49,552
a proven thing. There was no institutional interest. There was no legitimacy that it has

859
01:08:49,552 --> 01:08:55,992
today. So people, you know, they got a quick 10 X or 20 X or 30 X, 40 X. They cashed out. They

860
01:08:55,992 --> 01:09:00,372
thought they were geniuses. And then they, you know, they wrote into the sunset. I remember the

861
01:09:00,372 --> 01:09:05,392
first time I actually bought built Bitcoin to buy something on the internet. Wink, wink.

862
01:09:06,052 --> 01:09:13,452
It was 2015. It's 2015. I bought Bitcoin to buy something on the internet.

863
01:09:13,452 --> 01:09:18,392
did I ever think oh I'm gonna use this and I'm gonna save it because this is the best money ever

864
01:09:18,392 --> 01:09:25,352
no I used it as like I literally used it to transact right it wasn't until the year after

865
01:09:25,352 --> 01:09:31,552
where it was like I'm gonna buy Bitcoin and you can't even call it say in 2016 would you

866
01:09:31,552 --> 01:09:38,912
the idea of even calling it savings was ludicrous it was like it wasn't even a concept yet remember

867
01:09:38,912 --> 01:09:46,512
there was no Bitcoin standard. There was no Bitcoin podcast. There was no, you know,

868
01:09:46,512 --> 01:09:52,672
the bullish case for Bitcoin. There was none of that existed, right? Like you were operating in a

869
01:09:52,672 --> 01:09:59,072
black hole. The only person who was making any type of content about Bitcoin was Andreas

870
01:09:59,072 --> 01:10:05,152
Antonopoulos. Andreas was the only person on the face of the planet that was actually talking about

871
01:10:05,152 --> 01:10:12,132
this and was actually talking about how good it was, what made it different, you know, what, what,

872
01:10:12,252 --> 01:10:17,052
what made it stand out, its properties and all that stuff. And then of course, Max and Stacey,

873
01:10:17,572 --> 01:10:22,852
nobody else on the internet that was well known that had any type of following, it didn't exist.

874
01:10:23,372 --> 01:10:28,832
So you have to understand, like you didn't know what it was today. You buy Bitcoin,

875
01:10:28,832 --> 01:10:31,592
you know exactly what you're buying, right?

876
01:10:32,032 --> 01:10:34,752
So from a risk-adjusted return basis,

877
01:10:35,372 --> 01:10:40,152
today is the best time, in my opinion, to ever buy Bitcoin

878
01:10:40,152 --> 01:10:43,273
because the downside is extremely limited,

879
01:10:43,273 --> 01:10:48,512
but the upside, you still have 100 or 200x left in this thing.

880
01:10:48,632 --> 01:10:50,672
It's just going to take a little bit longer this time.

881
01:10:52,092 --> 01:10:53,632
That was a great rant, by the way.

882
01:10:53,672 --> 01:10:54,872
It's almost like you've done this before.

883
01:10:55,452 --> 01:10:58,412
But no, like real talk, I think that's such a good point

884
01:10:58,412 --> 01:11:02,432
because everybody wants to think, well, if I had known about it way back when,

885
01:11:02,572 --> 01:11:08,312
I would have put everything I had into this and I would now be a, you know, a deca billionaire.

886
01:11:08,492 --> 01:11:10,052
It's like, no, you wouldn't have.

887
01:11:10,572 --> 01:11:12,592
First of all, you wouldn't have put everything you had into it.

888
01:11:12,832 --> 01:11:15,532
Second of all, you wouldn't have held on to the majority of those coins.

889
01:11:15,592 --> 01:11:22,952
To the people that did, like, wow, seriously, like you are a rare, a very rare breed that you were able to do that.

890
01:11:23,092 --> 01:11:27,412
Because also like the tools, like the actual like technical tooling was nothing.

891
01:11:27,412 --> 01:11:33,092
there wasn't you know 10 15 different hardware wallet companies you know like that that wasn't

892
01:11:33,092 --> 01:11:36,632
exist like you you might have gotten it before there were mnemonic seed phrases like people

893
01:11:36,632 --> 01:11:41,032
don't realize that wasn't even a thing at the start like that's why there's you know hard drives

894
01:11:41,032 --> 01:11:45,112
with tens of thousands of bitcoins sitting in you know landfills places and people are like

895
01:11:45,112 --> 01:11:49,332
shit you know what what can i do it's like you couldn't even take it in your head with you at

896
01:11:49,332 --> 01:11:54,632
that point and so i think for people that's it's it's really important for them to understand it

897
01:11:54,632 --> 01:11:57,912
like, look, you can't teleport back.

898
01:11:57,992 --> 01:12:02,852
I forget if I think it was maybe American Hodel Hodel who said like everybody wants to

899
01:12:02,852 --> 01:12:04,273
teleport to being an OG.

900
01:12:04,552 --> 01:12:05,872
Like you can't do that.

901
01:12:05,912 --> 01:12:06,712
And everybody tries to do it.

902
01:12:06,732 --> 01:12:07,652
They try to do it with leverage.

903
01:12:08,032 --> 01:12:09,172
They try to do it with shit coins.

904
01:12:09,532 --> 01:12:11,773
They try to do it maybe with Bitcoin treasury companies.

905
01:12:12,012 --> 01:12:14,752
And you want to do whatever you want with your money, right?

906
01:12:15,273 --> 01:12:18,392
But understand that you cannot teleport back to being an OG.

907
01:12:18,992 --> 01:12:22,872
What you can do is you can take your time and your energy, right?

908
01:12:22,872 --> 01:12:26,932
and use it to create value now and use that to stack sats right now.

909
01:12:27,273 --> 01:12:29,773
Because four years from now, sats will be more expensive.

910
01:12:30,292 --> 01:12:33,832
And four years from then, they will be even more expensive and so on and so forth.

911
01:12:34,572 --> 01:12:36,912
You might just want to get some in case it catches on

912
01:12:36,912 --> 01:12:40,172
because at this point it is catching on, but we are still so early.

913
01:12:40,172 --> 01:12:43,732
One of the charts that I love from Jesse Myers' Crosis, BTC,

914
01:12:44,132 --> 01:12:48,112
is that total addressable asset value market, basically,

915
01:12:48,152 --> 01:12:51,092
where it's like Bitcoin is $2 trillion or 2.2.

916
01:12:51,172 --> 01:12:52,452
Let's round it to two right now.

917
01:12:52,872 --> 01:12:55,892
The total wealth of the world is $1,000 trillion.

918
01:12:56,412 --> 01:12:59,652
0.2% is where we're at right now.

919
01:13:00,132 --> 01:13:04,452
Gold is, you know, what, 2022 right now or 24, something like that.

920
01:13:04,852 --> 01:13:07,092
I'm forgetting because gold's been so volatile lately.

921
01:13:07,092 --> 01:13:07,492
I don't know.

922
01:13:07,532 --> 01:13:10,773
It doesn't seem like a very good store of value if it's so volatile, Peter Schiff.

923
01:13:12,692 --> 01:13:14,312
We've got so far to go.

924
01:13:14,773 --> 01:13:17,012
That's why, you know, it's tough.

925
01:13:17,132 --> 01:13:20,732
I'm curious with you just because I'm thinking about, like, orange-pilling people now.

926
01:13:20,732 --> 01:13:27,212
and it it was easier uh easier for some people harder for others after trump was like yeah i

927
01:13:27,212 --> 01:13:32,372
like bitcoin like some of my buddies were like oh okay i just bought some bitcoin walker i'm like

928
01:13:32,372 --> 01:13:37,292
like now like none of the podcasts i sent you did anything like all trump had to say was like

929
01:13:37,292 --> 01:13:41,472
bitcoin good and you're in it's like okay but cool like i'm glad i'm so happy to hear that

930
01:13:41,472 --> 01:13:45,952
other people maybe that's not going to be as much of a selling point you know the followers of

931
01:13:45,952 --> 01:13:52,572
Elizabeth Warren, but like, do you still try, I mean, are, are all of your close friends and

932
01:13:52,572 --> 01:13:56,192
family pretty orange pilled? Like, do you still have a, or do you still have like a separation?

933
01:13:56,332 --> 01:13:59,712
Do you have some crew, like, you know, friends that you run with that like still think like

934
01:13:59,712 --> 01:14:04,032
you're into this like funny little like magic internet money hobby thing. Like as someone

935
01:14:04,032 --> 01:14:10,652
who's been creating for so long, I'm just, I'm curious. Yeah. I mean, look like from,

936
01:14:10,652 --> 01:14:15,672
I used to be very militant in terms of trying to get people to,

937
01:14:15,672 --> 01:14:17,792
you know,

938
01:14:17,852 --> 01:14:18,492
buy Bitcoin.

939
01:14:18,812 --> 01:14:22,032
And then the realization I've come to is like,

940
01:14:22,212 --> 01:14:23,652
you can show people the door,

941
01:14:23,932 --> 01:14:25,752
but they have to open it themselves.

942
01:14:27,112 --> 01:14:28,612
That it's as simple as that.

943
01:14:28,652 --> 01:14:30,712
Like you can literally show someone the bridge,

944
01:14:30,892 --> 01:14:32,752
but they have to cross the bridge themselves.

945
01:14:34,172 --> 01:14:36,872
And what the most,

946
01:14:36,872 --> 01:14:43,812
the most efficient way of orange peeling someone in my experience has been planting the seed

947
01:14:43,812 --> 01:14:51,072
and then watching the seed do its thing. And then what do I mean by that? So you tell someone about

948
01:14:51,072 --> 01:14:59,472
Bitcoin and then the price runs up, right? So you tell them, you know, let's say the price is at like,

949
01:14:59,472 --> 01:15:05,612
you know, it's a $10,000, right? And you told them when it was a $10,000 and then the price

950
01:15:05,612 --> 01:15:14,632
runs up to 50 or $60,000, they're going to start fucking listen to you when that price 5X on them.

951
01:15:14,792 --> 01:15:22,612
Even though you told them at 10,000 and then they see it at 50,000, they're going to listen to you.

952
01:15:22,932 --> 01:15:28,872
And the price goes up to 100,000. They're really, really going to listen to you. So for my friends

953
01:15:28,872 --> 01:15:32,752
and family, the only one that I haven't been able to orange pill is my friend that works at Goldman.

954
01:15:32,752 --> 01:15:35,952
but I think that there's a deeper meaning there.

955
01:15:36,852 --> 01:15:39,792
But basically every single other one of my,

956
01:15:39,832 --> 01:15:41,832
like my high school friends, my family,

957
01:15:42,492 --> 01:15:46,012
my immediate family, my parents-in-law, anyone.

958
01:15:47,012 --> 01:15:49,532
Every single person I've been able to orange pill

959
01:15:49,532 --> 01:15:52,032
and it's been the same pattern every single time.

960
01:15:52,392 --> 01:15:55,632
I told them about this when it was a whole lot cheaper.

961
01:15:55,952 --> 01:15:57,273
They dismissed it.

962
01:15:57,372 --> 01:15:58,392
They called me crazy.

963
01:15:58,392 --> 01:16:01,052
They thought I was stupid, et cetera, et cetera.

964
01:16:01,052 --> 01:16:06,512
and then number go up and then number go up, kept doing number go up. And they're like, oh,

965
01:16:06,572 --> 01:16:10,392
you know what? Okay. This kid I've got, I've gotten to the point Walker. We're like,

966
01:16:10,392 --> 01:16:17,352
I've literally had people take me out to lunch and apologize and say, I'm sorry. I should have

967
01:16:17,352 --> 01:16:22,052
listened to you. Right. Because they kind of feel guilty. Cause they're like, wow, I've really made

968
01:16:22,052 --> 01:16:26,632
him feel like shit. Or I may really made him feel bad. Or I called him crazy or called him whatever.

969
01:16:26,632 --> 01:16:32,452
and then you know they finally realize it like you know he was right right and you keep hearing

970
01:16:32,452 --> 01:16:36,672
that again it's like i should have listened to you you're right and then i think the most

971
01:16:36,672 --> 01:16:43,872
satisfying thing to me is um the friends and family that you've brought on along the way

972
01:16:43,872 --> 01:16:49,212
and they've you know been in bitcoin for a cycle like they've been in bitcoin for like four years

973
01:16:49,212 --> 01:16:55,372
and you know that they've you've brought them along the way um you know they're like

974
01:16:55,372 --> 01:17:01,132
Nico, this has changed my life. Like, this is crazy. Like, I cannot believe this. And it's

975
01:17:01,132 --> 01:17:05,732
because they've held, right? Like they've just held, they're saying stuff like end the Fed.

976
01:17:05,932 --> 01:17:10,152
They're saying stuff like fuck fiat. They have no idea what any of that means. They still call me

977
01:17:10,152 --> 01:17:14,212
to like spend their Bitcoin. You know, like they'd still don't know how to use a hardware wallet,

978
01:17:14,292 --> 01:17:19,832
but they're hodling that shit. Right. So, you know, like that to me is extremely satisfying,

979
01:17:19,832 --> 01:17:24,692
but does I answer your question? The most efficient way and effective way of orange

980
01:17:24,692 --> 01:17:31,312
pilling someone is planting the seed, telling them one time, they'll remember the price when

981
01:17:31,312 --> 01:17:36,412
you told them. They'll all, they always remember the price. And then coming back a couple of years

982
01:17:36,412 --> 01:17:43,592
later, seeing the price double, triple, quadruple, you know, five, six, seven X where, where, where

983
01:17:43,592 --> 01:17:48,672
it was when you initially told them. And then that's when they like, they're like, okay, you

984
01:17:48,672 --> 01:17:53,112
know what? All right. I'll get some, this is probably a good idea. You know, it never fails.

985
01:17:53,112 --> 01:17:55,832
That's literally how it's happened to me every single time.

986
01:17:55,952 --> 01:17:57,652
But you can't force someone.

987
01:17:58,112 --> 01:17:58,992
You cannot force someone.

988
01:17:59,112 --> 01:18:06,152
This is something that I wish I knew in the beginning because it would have saved me a ton of time and a ton of energy.

989
01:18:06,612 --> 01:18:09,372
And it was actually fucking Satoshi who said this, right?

990
01:18:09,692 --> 01:18:13,773
It's like, look, I don't have time to explain this to you, right?

991
01:18:13,812 --> 01:18:15,312
Like, I don't have time to explain this to you.

992
01:18:15,792 --> 01:18:19,292
You know, maybe it's a good idea to get some just in case it catches on.

993
01:18:19,292 --> 01:18:22,352
Like, those quotes are so prophetic.

994
01:18:22,352 --> 01:18:42,612
Like they were so deep. I didn't, I didn't even like, you know, there were so, there were simple phrases, man. But like, it was so on point because I spent so much time and energy trying to force people into taking the orange pill when they weren't ready to take the orange pill.

995
01:18:42,612 --> 01:18:48,832
they just weren't ready for where they're where they were at in their lives as an individual

996
01:18:48,832 --> 01:18:58,432
they were not ready to take the orange pill and understand the benefits of bitcoin and understand

997
01:18:58,432 --> 01:19:04,652
what being a bitcoiner is right like they weren't ready for it as human beings right but as as time

998
01:19:04,652 --> 01:19:09,012
goes by you know they start to question and bitcoin has this very interesting i've been on a tangent

999
01:19:09,012 --> 01:19:18,652
But Bitcoin is this very interesting thing, Walker, where you hold Bitcoin, and just by the mere fact of you holding it, it changes who you are.

1000
01:19:19,212 --> 01:19:29,692
You start to ask questions about life, about money, about government, about the state, that you would have never have asked if you weren't holding Bitcoin.

1001
01:19:30,352 --> 01:19:30,432
Right?

1002
01:19:30,972 --> 01:19:34,952
So Max Keiser has the quote, you don't change Bitcoin, Bitcoin changes you.

1003
01:19:35,492 --> 01:19:35,752
Right?

1004
01:19:35,812 --> 01:19:37,612
That is extremely true.

1005
01:19:37,612 --> 01:19:44,152
so you know again some people have been living in the fiat matrix their entire lives

1006
01:19:44,152 --> 01:20:01,678
and here you are basically telling them like look like i have the solution for you and it not about voting for the guy on the left or voting for the guy on the right it not about the red party the blue party It literally about opting out of broken money I have the solution for you

1007
01:20:01,778 --> 01:20:05,778
It's super fucking easy. You don't even have to wait to vote for somebody.

1008
01:20:06,998 --> 01:20:12,118
And in my experience, the majority of people, they just don't want to wake up from the fiat

1009
01:20:12,118 --> 01:20:18,078
matrix. They're not ready for it. They will be. Eventually they wake up. But initially when you

1010
01:20:18,078 --> 01:20:25,158
tell them they're just not ready. First of all, this is always a safe space for tangents, rants,

1011
01:20:25,479 --> 01:20:30,258
digressions, anything, always a safe space for it. So they're always welcome.

1012
01:20:31,658 --> 01:20:36,118
You're spot on. And it's a, I think that's a realization, like, cause I've talked to a lot

1013
01:20:36,118 --> 01:20:39,858
of big winners about this who have been in longer than I have. And a lot of them, you know, when I

1014
01:20:39,858 --> 01:20:43,939
was kind of going through my like evangelism phase, when it like my IRL evangelism phase,

1015
01:20:43,939 --> 01:20:45,898
because obviously now I'm an internet evangelist.

1016
01:20:46,178 --> 01:20:47,518
But when I was going through that phase,

1017
01:20:48,418 --> 01:20:50,078
a lot of the people I talked to that have been around for longer

1018
01:20:50,078 --> 01:20:52,038
were kind of like, yeah, you'll get over that.

1019
01:20:52,338 --> 01:20:53,578
And I'm like, no, I won't.

1020
01:20:53,618 --> 01:20:55,778
I need to make sure that I drill it into everyone's heads

1021
01:20:55,778 --> 01:20:58,078
at every possible chance, every party I go to.

1022
01:20:58,298 --> 01:20:59,498
There's a reason it's the meme, you know,

1023
01:20:59,518 --> 01:21:01,479
like your wife being like, don't talk about Bitcoin.

1024
01:21:01,578 --> 01:21:04,378
Except for me, it's also like my wife's doing it too, you know?

1025
01:21:04,418 --> 01:21:07,038
So like we're both, like there's no one to tell us to shut up about it.

1026
01:21:07,158 --> 01:21:08,798
We're both just going in.

1027
01:21:09,598 --> 01:21:11,738
But, and then you get to a point where you're like,

1028
01:21:11,738 --> 01:21:16,479
fuck this has worked a couple of times but it really hasn't worked that much and it goes back

1029
01:21:16,479 --> 01:21:20,618
to what you said where it's like you can get like you can give someone an orange pill right you can

1030
01:21:20,618 --> 01:21:25,378
say here you go here's this thing you can take this when you want to you cannot force them to

1031
01:21:25,378 --> 01:21:30,238
take it like you know yeah you wait long enough they'll be taking this appository but still like

1032
01:21:30,238 --> 01:21:34,058
you know whatever the turn of phrase you want but like you can't force them to take it they have to

1033
01:21:34,058 --> 01:21:39,198
want to do it because if they don't actually want to do it and they do buy then what's going to

1034
01:21:39,198 --> 01:21:43,798
happen is, and they're not, they're not ready for that yet. They're going to end up selling it the

1035
01:21:43,798 --> 01:21:48,939
first drawdown at a loss, blaming you for it and say, well, I'm not touching that thing again.

1036
01:21:48,939 --> 01:21:53,458
Like that, you know, thanks a lot, Nico. Thanks a lot, Walker. Like I just, I just lost some

1037
01:21:53,458 --> 01:21:58,979
fiat petrodollar cuck bucks on that advice. Like that was terrible. So it's like, you know,

1038
01:21:58,998 --> 01:22:02,378
you can lead a horse to water, but you can't make it by Bitcoin. Like you just gotta,

1039
01:22:02,618 --> 01:22:06,439
you gotta let people know, Hey, I'm, I'm, I'm here. Like I'm, I'm into this thing.

1040
01:22:06,439 --> 01:22:11,818
if you want to talk about it, I'm super happy to do so and will answer any questions you have.

1041
01:22:12,118 --> 01:22:15,118
And that's what I found is one of the, once somebody starts really asking questions,

1042
01:22:15,518 --> 01:22:19,618
like let them do more of the talking. What do you know about this? What do you think?

1043
01:22:20,218 --> 01:22:23,398
What's your understanding of this? Cause like, I get it. It can be super confusing.

1044
01:22:23,878 --> 01:22:28,939
Nobody understands it at first. I sure didn't. But giving people that space to just ask questions,

1045
01:22:28,939 --> 01:22:34,439
I think reveals a lot and ultimately makes them a lot more comfortable with it. And like,

1046
01:22:34,439 --> 01:22:39,518
especially for like close friends and family like why are we shilling them bitcoin because we care

1047
01:22:39,518 --> 01:22:43,578
about them and we found this thing that we know can make their lives better because it made our

1048
01:22:43,578 --> 01:22:47,658
life better but like those are the people that you really want to make sure you know you want to go

1049
01:22:47,658 --> 01:22:51,138
with the foot in the door technique not the door in the face you know but it's tough because you're

1050
01:22:51,138 --> 01:22:55,318
stoked about this and you want to tell them how fucked everything is and how this is this solution

1051
01:22:55,318 --> 01:23:00,798
but turns out not everybody's ready to hear that yet and that's okay you know yeah just takes time

1052
01:23:00,798 --> 01:23:10,718
yeah it reminds me of the meme of you know the the guy with the grill and you know and he was

1053
01:23:10,718 --> 01:23:16,218
like that's cool did you see the game this weekend like that's the game last night yeah exactly it's

1054
01:23:16,218 --> 01:23:22,618
like that's literally what it reminds me of now i've gotten to the point where like you know i got

1055
01:23:22,618 --> 01:23:28,918
invited to a really good friend of mine his wedding and it was a beautiful wedding like italy and it's

1056
01:23:28,918 --> 01:23:32,758
just beautiful and I and I haven't seen them like you know and these are kids that I grew up with in

1057
01:23:32,758 --> 01:23:40,418
high school right I haven't seen them in a while and you know like you know I remember like four

1058
01:23:40,418 --> 01:23:45,898
years ago I would hang out with them and all I would do is just talk about Bitcoin and I would

1059
01:23:45,898 --> 01:23:50,618
like look back on that I'm like dude that must have been so fucking annoying so like now I hang

1060
01:23:50,618 --> 01:23:55,598
out with them and I literally just shoot the shit like I I'm just a normal human being like whatever

1061
01:23:55,598 --> 01:23:58,358
and they'll say, hey, you know, how's the Bitcoin thing going?

1062
01:23:58,618 --> 01:24:04,738
I literally force myself to pivot the conversation away from it.

1063
01:24:04,898 --> 01:24:06,398
And they'll be like, why don't you want to talk about it?

1064
01:24:06,398 --> 01:24:07,898
I was like, dude, this is all I talk about all day.

1065
01:24:08,378 --> 01:24:10,838
You know, like, I don't want to talk about this, you know,

1066
01:24:10,838 --> 01:24:12,958
and then I'll be like, business is doing good, you know,

1067
01:24:12,958 --> 01:24:21,038
but like I try my hardest to not be that guy in the party

1068
01:24:21,038 --> 01:24:27,138
that's like, you know, trying to force people, you know, force people into into taking the

1069
01:24:27,138 --> 01:24:27,598
orange pill.

1070
01:24:27,818 --> 01:24:29,158
I've showed it to them.

1071
01:24:29,338 --> 01:24:35,198
I think that's maybe maybe as a friend and as a family member, you could say that you

1072
01:24:35,198 --> 01:24:39,698
have a responsibility as a Bitcoiner to at least tell people what you know.

1073
01:24:40,058 --> 01:24:43,818
But again, man, like people are stubborn, dude.

1074
01:24:43,818 --> 01:24:46,858
Like people are just so used to the system like people.

1075
01:24:47,138 --> 01:24:49,118
It's just a convenience thing, man.

1076
01:24:49,118 --> 01:25:10,918
Like they've lived their entire system, their entire life with this perception of what money is and this perception of how society should be and how society runs and what the role of, I think this is the deepest question, Walker, by the way, in my opinion, because I think that we've already answered the question, what is money?

1077
01:25:10,918 --> 01:25:29,378
That question has been answered. I think that question was answered really in the last, you know, five years or so. Like so many good books like Lynn, Larry Lippard, Saif Adin, Michael Saylor, all his podcast. Like the question of what is money has been answered.

1078
01:25:29,998 --> 01:25:34,698
Now, the world has to wake up to the fact that that question has been answered.

1079
01:25:34,998 --> 01:25:47,158
But the question that I think is the most important, that has not yet to be answered, but I think is going to be answered, is what is the role of the state in society?

1080
01:25:48,598 --> 01:25:51,318
What is the role of the state in society?

1081
01:25:51,318 --> 01:25:58,718
As Bitcoiners, we inherently know that money can exist without the state.

1082
01:25:59,378 --> 01:26:03,939
If money can exist without the state, what is the role of the state?

1083
01:26:04,618 --> 01:26:19,898
And I think what Bitcoin has shown is that the state is going to try to justify its role as the gatekeeper of money, as the guardian of money, even though it's no longer necessary.

1084
01:26:20,158 --> 01:26:22,198
We've found a superior system.

1085
01:26:22,418 --> 01:26:24,738
We've found a system that has rules without rulers.

1086
01:26:25,238 --> 01:26:27,558
We found a system that is completely transparent.

1087
01:26:27,558 --> 01:26:34,198
We found a system that basically forces fiscal discipline, right?

1088
01:26:35,398 --> 01:26:37,479
And the state, you could see it.

1089
01:26:38,038 --> 01:26:40,998
It depends on the jurisdiction and whatever.

1090
01:26:41,318 --> 01:26:44,598
You see this by how Bitcoin's getting into politics, right?

1091
01:26:44,838 --> 01:26:48,798
Like this last election, Bitcoin played a huge role in it.

1092
01:26:49,058 --> 01:26:50,939
Like people don't realize this, right?

1093
01:26:51,018 --> 01:26:51,518
Massive.

1094
01:26:51,518 --> 01:27:12,018
So that question, I think in the next decade, it's going to be massive. And I think we're going to have two choices. Humanity is going to have two choices in front of it, right? It's going to have the choice of Bitcoin, which is peace, prosperity, opportunity, hope for the future, optimism.

1095
01:27:12,018 --> 01:27:15,518
and then the other side, which I call slavery,

1096
01:27:15,878 --> 01:27:17,358
which is central bank digital currencies,

1097
01:27:17,358 --> 01:27:23,318
which is just a continuation of the fiat system on effing steroids, right?

1098
01:27:23,458 --> 01:27:26,439
But those are the two choices ahead of humanity.

1099
01:27:26,678 --> 01:27:27,979
There is no in between.

1100
01:27:28,138 --> 01:27:29,258
They're trying to get rid of cash.

1101
01:27:29,778 --> 01:27:30,858
They're trying to get rid of cash.

1102
01:27:31,398 --> 01:27:35,538
Europe is force feeding the whole central bank digital currency thing.

1103
01:27:36,098 --> 01:27:38,698
So that's the fork in the road that we have.

1104
01:27:39,178 --> 01:27:41,798
So yeah, as a Bitcoiner, you have the responsibility

1105
01:27:41,798 --> 01:27:43,398
of telling people about Bitcoin.

1106
01:27:44,098 --> 01:27:45,698
You want to get as many people

1107
01:27:45,698 --> 01:27:47,479
on your side of the football as possible

1108
01:27:47,479 --> 01:27:48,878
before the game starts.

1109
01:27:49,939 --> 01:27:51,918
But, you know, that's really

1110
01:27:51,918 --> 01:27:53,598
the fork in the road for humanity.

1111
01:27:54,058 --> 01:27:55,718
Like, do we want our kid, Walker,

1112
01:27:55,778 --> 01:27:56,718
we just had kids, right?

1113
01:27:56,718 --> 01:27:58,858
Do we want our kids to grow up

1114
01:27:58,858 --> 01:28:02,318
in this dystopian fucking nightmare?

1115
01:28:02,958 --> 01:28:04,458
Because that's what central bank

1116
01:28:04,458 --> 01:28:05,778
digital currencies will enable.

1117
01:28:05,979 --> 01:28:07,958
Like, look, even in the United States,

1118
01:28:08,118 --> 01:28:10,578
Walker, you and I are both American.

1119
01:28:10,578 --> 01:28:17,498
despite the first amendment you know the previous administration was literally telling

1120
01:28:17,498 --> 01:28:25,278
social media companies to fucking censor the free speech of americans and then these are the same

1121
01:28:25,278 --> 01:28:29,939
people that are telling you oh listen trust me with central bank digital currencies bro we're

1122
01:28:29,939 --> 01:28:37,878
gonna respect your privacy go fuck yourself i don't trust you at all no fucking way in hell

1123
01:28:37,878 --> 01:28:44,598
right you don't deserve that trust you've abused that trust what you did in 2008 was a fucking

1124
01:28:44,598 --> 01:28:53,398
crime they destroyed the future the the opportunity that the millennial and the the gen z it was

1125
01:28:53,398 --> 01:28:59,078
completely stolen from us why do you think nobody can afford a house in our generations walker

1126
01:28:59,078 --> 01:29:05,198
it's because of the crime that happened in fucking 2008 and you know what i'm not buying the boomers

1127
01:29:05,198 --> 01:29:10,258
bags. I'm not fucking buying them. You want your overpriced homes? I'm going to rent that shit.

1128
01:29:10,658 --> 01:29:15,858
I'm not going to fucking buy it from you. Fuck that. I'm going to buy Bitcoin. My purchasing

1129
01:29:15,858 --> 01:29:21,598
power is going to increase over time. I'm going to be good. I'm just, you know, okay, let's say,

1130
01:29:21,658 --> 01:29:27,058
you know, my, my, you know, my net worth's gone up five X, whatever, because this Bitcoin's gone

1131
01:29:27,058 --> 01:29:32,138
up. I'll just upgrade to a new rental. I'll lock that in for, you know, two, three, four years,

1132
01:29:32,138 --> 01:29:37,998
whatever you know upgrade my lifestyle but do you think i'm gonna shill out you know like what

1133
01:29:37,998 --> 01:29:43,098
like what's the average home in america these days like 500,000 400 do you think i'm gonna shill out

1134
01:29:43,098 --> 01:29:51,258
four fucking bitcoin for that shit fuck you i'm not doing it right so anyways um i for completely

1135
01:29:51,258 --> 01:29:57,718
forgot what you asked me but it got me down this route i love it it must have been a good question

1136
01:29:57,718 --> 01:30:04,818
I forgot it too, man. I forgot it too. No, but okay. Fucking grade A rant. One of the things you

1137
01:30:04,818 --> 01:30:08,538
talked about that deep question, I think you're exactly right on that. The question of what is

1138
01:30:08,538 --> 01:30:11,918
the purpose of the state, right? What is the state's actual function? This is something I

1139
01:30:11,918 --> 01:30:18,498
think about a lot. I think about it very often because I, and I don't think most people,

1140
01:30:19,018 --> 01:30:25,358
most people don't think about this at all. And I'm very much of the view and that view has been

1141
01:30:25,358 --> 01:30:30,038
informed by the writings of people like Friedrich Bastiat, who I think summarizes this very well,

1142
01:30:30,338 --> 01:30:36,638
but this idea that the state has one purpose, one purpose, and that purpose is to enforce the law.

1143
01:30:37,058 --> 01:30:42,598
Okay, then what is the law? Well, the purpose of the law is to organize for the collective defense

1144
01:30:42,598 --> 01:30:47,178
of private property. That's what the law is there to do. The law is there to make sure

1145
01:30:47,178 --> 01:30:53,098
that when my neighbor Bob steals from me and he takes my cow, that I don't have to go over there

1146
01:30:53,098 --> 01:30:57,698
and beat the shit out of Bob and hang him from a tree and say, give me back my fucking cow, Bob.

1147
01:30:57,979 --> 01:31:03,258
Like, no, it's so that people who we have designated as, you know, enforcers of that law

1148
01:31:03,258 --> 01:31:07,178
can go to him and say, hey, Bob, you got to give that cow back. And by the way, we're going to,

1149
01:31:07,198 --> 01:31:10,939
you know, fine you, take you to jail, whatever, because you're a cow thief. And I don't have to

1150
01:31:10,939 --> 01:31:16,518
go there and get my hands dirty, right? I don't have to go there and enact violence on that person

1151
01:31:16,518 --> 01:31:18,338
because they violated my property.

1152
01:31:18,658 --> 01:31:23,939
So we are basically contracting out the ability to commit violence.

1153
01:31:24,258 --> 01:31:24,738
That's what it does.

1154
01:31:24,818 --> 01:31:26,498
Now, it sounds pretty bad.

1155
01:31:26,558 --> 01:31:28,479
It sounds like something that could really get out of hand if, you know,

1156
01:31:28,518 --> 01:31:31,298
the government, the body that is supposed to enforce that law,

1157
01:31:31,778 --> 01:31:34,278
that we're giving the blessing to commit violence on our behalf,

1158
01:31:34,278 --> 01:31:37,458
if they got too big, if their tentacles went too far,

1159
01:31:37,498 --> 01:31:40,578
if they got too bloated, that would be a really bad thing

1160
01:31:40,578 --> 01:31:43,558
because their only purpose is to enforce the law.

1161
01:31:43,558 --> 01:31:52,798
And the purpose of that law is to organize for the collective defense of private property, which means the government is supposed to protect us from people who would plunder our private property.

1162
01:31:53,498 --> 01:31:57,998
But the government has become the one who is plundering our private property.

1163
01:31:58,458 --> 01:32:01,358
They do it with taxation under threat of violence.

1164
01:32:01,519 --> 01:32:05,198
They do it with inflation without you having any say in it.

1165
01:32:05,479 --> 01:32:07,238
They are stealing your life.

1166
01:32:07,318 --> 01:32:08,878
They're stealing your life's work.

1167
01:32:09,019 --> 01:32:11,058
And there is nothing you can do about it.

1168
01:32:11,058 --> 01:32:16,038
There's nothing within the existing paradigm that you can do about it because the system feeds upon itself.

1169
01:32:16,198 --> 01:32:20,838
And it doesn't matter if it's Republicans or Democrats or red or blue or whatever color you are in your country.

1170
01:32:21,838 --> 01:32:23,418
They just make the government bigger.

1171
01:32:23,818 --> 01:32:27,138
Trump said he was going to shrink, you know, shrink things down, right, and cut all these things.

1172
01:32:27,178 --> 01:32:30,979
And like nothing was meaningfully cut, right, because as Lynn Alden says, nothing stops this train.

1173
01:32:31,338 --> 01:32:32,218
Fiscal dominance is here.

1174
01:32:32,238 --> 01:32:33,558
It's not going anywhere, right?

1175
01:32:34,218 --> 01:32:39,418
But the government's purpose has become completely perverted because the one thing that they're supposed to do,

1176
01:32:39,418 --> 01:32:44,018
which is protect us, protect our private property, they don't do.

1177
01:32:44,278 --> 01:32:44,939
They fail at.

1178
01:32:45,118 --> 01:32:47,098
And in fact, they take part in that plundering.

1179
01:32:47,918 --> 01:32:52,558
So like the state has failed in that respect.

1180
01:32:53,778 --> 01:32:55,878
Like that's all they're supposed to do.

1181
01:32:56,418 --> 01:32:59,458
Like this gets back to the beginning of the conversation with Bukali, right?

1182
01:33:00,398 --> 01:33:01,358
What has he done?

1183
01:33:02,178 --> 01:33:04,818
He has protected the private property of his citizens.

1184
01:33:05,358 --> 01:33:07,618
What is the most basic form of private property you have?

1185
01:33:07,658 --> 01:33:08,318
Well, it's your own body.

1186
01:33:08,318 --> 01:33:13,418
it's not getting killed right that's that's like before anything else before you worry about your

1187
01:33:13,418 --> 01:33:17,878
house or anything else you don't want you and your family to be killed by plunderers and el

1188
01:33:17,878 --> 01:33:24,058
salvador was full of plunderers you remove those plunderers that that's that's a good thing and

1189
01:33:24,058 --> 01:33:32,939
like i am very glad that bitcoin exists because bitcoin gives us some money that is not subject

1190
01:33:32,939 --> 01:33:34,618
the whims of the plunderers.

1191
01:33:34,998 --> 01:33:37,518
And it's especially like the random thief

1192
01:33:37,518 --> 01:33:39,098
can't take those words out of your head, right?

1193
01:33:39,758 --> 01:33:40,698
And neither can the government.

1194
01:33:40,698 --> 01:33:42,598
And they are the biggest plunderer of all.

1195
01:33:43,118 --> 01:33:44,518
And so when I said, you know,

1196
01:33:44,578 --> 01:33:46,939
there's nothing we can do from inside this system,

1197
01:33:47,118 --> 01:33:48,358
I mean that.

1198
01:33:48,358 --> 01:33:50,518
I don't think the system fixes itself from within.

1199
01:33:51,038 --> 01:33:52,258
If it could have fixed itself from within,

1200
01:33:52,318 --> 01:33:53,578
it would have fixed itself from within.

1201
01:33:53,858 --> 01:33:57,418
But it's a self-perpetuating, bloated, kleptocratic beast

1202
01:33:57,418 --> 01:34:00,758
that just devours everything in its path to grow larger.

1203
01:34:00,758 --> 01:34:06,598
the only way to fix it is to fix it from the outside to fix it from the parallel system that

1204
01:34:06,598 --> 01:34:11,238
we're building and that gives me a lot of hope because i see people like yourself like so many

1205
01:34:11,238 --> 01:34:16,698
bitcoiners we just saw in lugano we're actively building these tools that we need to exist in this

1206
01:34:16,698 --> 01:34:21,298
parallel system to be strong we have cryptography we have you know strong encryption we have bitcoin

1207
01:34:21,298 --> 01:34:26,038
we have peer-to-peer messaging that can't can't be censored we have no stir where we can live

1208
01:34:26,038 --> 01:34:30,838
stream and say, fuck you, YouTube, and they can't shut us down. That's a beautiful thing. That gives

1209
01:34:30,838 --> 01:34:35,898
me so much hope. There are many reasons to be despairing in this world. And if you didn't know

1210
01:34:35,898 --> 01:34:41,258
about all these other incredible, uh, these incredible tools of hope, like Bitcoin, like

1211
01:34:41,258 --> 01:34:45,718
Noster, like all these other incredible freedom technologies, you would be nihilistic. But when

1212
01:34:45,718 --> 01:34:50,958
you do know about them, yeah, you're realistic. You know how bad things are, but you're so optimistic

1213
01:34:50,958 --> 01:34:55,018
about how good they can be. And the fact that, yeah, it may get, it's going to get messy in the

1214
01:34:55,018 --> 01:35:01,158
short term undoubtedly but in the long run i think our kids are going to grow up in a better world

1215
01:35:01,158 --> 01:35:07,038
uh and a fairer more just world hopefully with much smaller governments that's the if i could

1216
01:35:07,038 --> 01:35:12,018
leave our kids one thing it'd be governments that are as small as is humanly fucking possible

1217
01:35:12,018 --> 01:35:20,218
we'll see yeah we'll see how far we get i think that's the utopian dream of what what bitcoiners

1218
01:35:20,218 --> 01:35:28,798
want and i think it comes down to you know again like the the issue the original founding

1219
01:35:28,798 --> 01:35:35,278
vision of the united states which was limited government and they did and they did everything

1220
01:35:35,278 --> 01:35:43,038
in their power by the way to set up a system where they realized that and they're they're

1221
01:35:43,038 --> 01:35:48,778
geniuses and again i'm this is coming from a first generation american like the american system

1222
01:35:48,778 --> 01:35:55,818
was set up in a way to protect the people from the government. It literally has been built that

1223
01:35:55,818 --> 01:36:00,998
way, structured that way. That's why the states have so much sovereignty. That's why the First

1224
01:36:00,998 --> 01:36:06,498
Amendment is what it is. That's why the Second Amendment is literally the right to have effing

1225
01:36:06,498 --> 01:36:14,138
guns, right? Like they did that on purpose. They did that because they knew that the state could

1226
01:36:14,138 --> 01:36:21,158
potentially become tyrannical, right? And then you put into the mix the state's ability to

1227
01:36:21,158 --> 01:36:27,578
literally fund itself through money printing, and you have what you have today in all of the

1228
01:36:27,578 --> 01:36:33,718
Western world, right? This is what you have today. And politicians don't feel like they have,

1229
01:36:34,898 --> 01:36:42,658
they don't feel like they don't need to, why would you feel accountable if all of a sudden,

1230
01:36:42,658 --> 01:36:52,538
And why would you feel like you're accountable to someone if your form, how do I say this?

1231
01:36:54,298 --> 01:37:02,638
Under a Bitcoin standard, your way of raising revenue, the only way would be through direct taxation.

1232
01:37:03,398 --> 01:37:11,178
Under a fiat standard, your way of raising revenue is hitting the money, like hitting the P button on the keyboard.

1233
01:37:11,838 --> 01:37:14,338
Boom, print, bomb, bing, bomb, boom.

1234
01:37:14,858 --> 01:37:17,258
This is where, because that's true.

1235
01:37:17,258 --> 01:37:21,898
Look, the United States, this year, this last year,

1236
01:37:22,178 --> 01:37:25,678
it spent $2 trillion more than it collected in tax revenue.

1237
01:37:26,078 --> 01:37:29,258
The GDP of El Salvador is $32 billion.

1238
01:37:30,038 --> 01:37:34,138
The United States spent $2 trillion, right?

1239
01:37:34,318 --> 01:37:37,538
That's more than the GDP of most countries on planet Earth,

1240
01:37:37,538 --> 01:37:41,538
just to kind of give you guys an idea of how big the deficit was.

1241
01:37:41,958 --> 01:37:44,378
How did they spend the, how did they do that?

1242
01:37:44,698 --> 01:37:46,318
They printed the difference.

1243
01:37:46,778 --> 01:37:50,778
So if politicians don't feel like they have any constraint whatsoever,

1244
01:37:50,778 --> 01:37:54,939
they can spend the money on God knows whatever they want.

1245
01:37:55,078 --> 01:37:59,698
People don't believe that they're getting taxed because the money in their

1246
01:37:59,698 --> 01:38:03,278
checking account looks, it's like, Oh, it's, I have a hundred dollars.

1247
01:38:03,439 --> 01:38:04,518
They don't realize it's,

1248
01:38:04,578 --> 01:38:06,778
it's now $80 because of the amount of money they printed.

1249
01:38:06,778 --> 01:38:16,538
So it's this very insidious form of taxation that they use to fund themselves, pay themselves.

1250
01:38:17,678 --> 01:38:22,558
And then the secondary effect of that is the government gets bigger and bigger and bigger and bigger.

1251
01:38:22,818 --> 01:38:24,118
Now, here's the thing about the government.

1252
01:38:24,398 --> 01:38:26,178
The government isn't productive.

1253
01:38:26,418 --> 01:38:27,558
It doesn't make anything.

1254
01:38:27,718 --> 01:38:29,078
It doesn't produce anything.

1255
01:38:29,078 --> 01:38:39,418
The only way the government generates revenue, if you'd like to call it that, to kind of allude to what you were talking about earlier, Walker, is through what?

1256
01:38:40,178 --> 01:38:41,698
Plunder, taxation.

1257
01:38:42,338 --> 01:38:47,618
They're literally grabbing stuff from you to keep themselves alive, right?

1258
01:38:48,018 --> 01:38:50,278
So it becomes this like endless loop, man.

1259
01:38:50,598 --> 01:38:51,898
And this is where we are today.

1260
01:38:51,898 --> 01:38:59,858
And this is the thing that Bitcoin fixes because it allows you to opt out of that and say, listen, I just don't want to participate in this anymore.

1261
01:39:00,038 --> 01:39:01,939
Like, I'm not saying elections aren't important.

1262
01:39:02,019 --> 01:39:06,818
I think elections are extremely important during this transitionary period that we're living through.

1263
01:39:07,578 --> 01:39:14,918
But the most important vote you can make as an individual is not voting for Team Blue or Team Red.

1264
01:39:14,918 --> 01:39:20,638
it's literally voting what you're going to do with your money, your time, your energy,

1265
01:39:20,638 --> 01:39:22,858
and where you're going to put that into.

1266
01:39:23,158 --> 01:39:25,858
Is it going to be Bitcoin or is it going to be the monopoly money?

1267
01:39:26,298 --> 01:39:32,218
Because if it's the monopoly money, you're funding that said system that is stealing from you.

1268
01:39:32,218 --> 01:39:37,738
And it's failing in the most basic responsibility that it has.

1269
01:39:37,979 --> 01:39:39,298
That's the whole point.

1270
01:39:39,398 --> 01:39:40,158
We pay taxes.

1271
01:39:40,158 --> 01:39:45,158
We literally pay taxes for these basic fucking services.

1272
01:39:45,998 --> 01:39:47,578
And they can't even do that.

1273
01:39:47,638 --> 01:39:52,998
I mean, again, I love the U.S. because it's so diversified with each state.

1274
01:39:53,218 --> 01:39:55,378
Some states are run better than the others.

1275
01:39:55,598 --> 01:39:58,738
So there's competition, and that's fantastic.

1276
01:39:59,198 --> 01:40:07,978
But, you know, there's some states in the United States that they literally fail on the most basic fundamental thing,

1277
01:40:07,979 --> 01:40:10,378
which is just protect exactly what you said.

1278
01:40:10,838 --> 01:40:14,378
Protect just your body, just yourself.

1279
01:40:14,939 --> 01:40:15,698
They fail in that.

1280
01:40:16,298 --> 01:40:17,378
So then you got to ask yourself,

1281
01:40:17,578 --> 01:40:19,258
why the fuck am I paying all these taxes?

1282
01:40:19,278 --> 01:40:20,918
What are all these taxes for?

1283
01:40:21,258 --> 01:40:22,378
This is fucking crazy.

1284
01:40:22,838 --> 01:40:26,298
And the reason they literally hate Naim Bukele

1285
01:40:26,298 --> 01:40:28,598
and they call him a danger to democracy

1286
01:40:28,598 --> 01:40:32,318
is literally because he's showing to the world,

1287
01:40:32,358 --> 01:40:33,618
which is very dangerous for them,

1288
01:40:34,198 --> 01:40:37,878
that, hey, look, you can have a functional government

1289
01:40:37,878 --> 01:40:40,658
that fulfills the basic needs of the people.

1290
01:40:41,078 --> 01:40:41,939
Look at that.

1291
01:40:42,238 --> 01:40:43,398
How crazy is that?

1292
01:40:43,479 --> 01:40:45,198
Look, it is actually possible.

1293
01:40:45,738 --> 01:40:46,718
That's why they hate him.

1294
01:40:46,998 --> 01:40:49,958
That's why they fear this tiny country

1295
01:40:49,958 --> 01:40:52,238
with a $32 billion GDP.

1296
01:40:52,578 --> 01:40:55,158
That's why they tried to pass a bill

1297
01:40:55,158 --> 01:40:56,479
in the House of Representatives

1298
01:40:56,479 --> 01:40:59,158
that was going to look into El Salvador

1299
01:40:59,158 --> 01:41:01,598
and how El Salvador was a danger to democracy.

1300
01:41:01,858 --> 01:41:04,598
Completely ignoring the fact that you have Guatemala

1301
01:41:04,598 --> 01:41:05,858
that's on top of El Salvador.

1302
01:41:05,858 --> 01:41:08,198
That's a tyrannical country.

1303
01:41:08,398 --> 01:41:10,338
It's gone down the collectivist route.

1304
01:41:10,798 --> 01:41:11,979
You have Cuba.

1305
01:41:12,258 --> 01:41:13,178
You have Venezuela.

1306
01:41:13,418 --> 01:41:15,878
Let's completely fucking ignore these countries.

1307
01:41:16,238 --> 01:41:18,038
Let's completely ignore North Korea.

1308
01:41:18,238 --> 01:41:19,038
Let's completely whatever.

1309
01:41:19,538 --> 01:41:30,979
Let's focus on one of the most brilliant success stories that the Americas has ever seen in a country that shouldn't have that because it's a very small country.

1310
01:41:31,078 --> 01:41:33,838
It's a very poor country like El Salvador is still developing.

1311
01:41:34,038 --> 01:41:35,178
I love El Salvador.

1312
01:41:35,178 --> 01:41:51,278
I love what they're doing. That country is going to be like, it's, you know, like the meme that you see, like what your city would look like on a Bitcoin standard. It's all futuristic, right? Like that's what El Salvador is going to be in a decade. I have no doubt in my mind.

1313
01:41:51,278 --> 01:42:13,598
But you got to ask yourself, you know, why are they so hyper focused on this tiny little country? And the answer for that is simple, because they're doing it right. They're actually fulfilling the role of government. And for all these LARPing politicians that are not doing that, despite collecting the taxes, it makes them look bad.

1314
01:42:13,598 --> 01:42:20,598
And rather than, you know, adjusting their behavior, it's much easier to call Naim Bukele a fascist dictator.

1315
01:42:23,878 --> 01:42:30,818
That was maybe one of the best bring it full circle opportunities I've ever had in the show, Nico.

1316
01:42:31,778 --> 01:42:33,738
And you're exactly right.

1317
01:42:33,979 --> 01:42:35,238
Like they are scared.

1318
01:42:35,398 --> 01:42:38,318
Like power loves the status quo.

1319
01:42:38,678 --> 01:42:41,278
Ultimately, power needs the status quo.

1320
01:42:41,278 --> 01:42:43,439
It's what gives them their power.

1321
01:42:43,439 --> 01:42:45,378
They need to maintain that monopoly on violence.

1322
01:42:45,439 --> 01:42:47,198
They need to maintain that monopoly on the printing press.

1323
01:42:47,858 --> 01:42:52,158
We've separated money and state like Satoshi did that for us, which is amazing.

1324
01:42:52,458 --> 01:42:53,818
And we've kept it separate.

1325
01:42:53,878 --> 01:42:58,598
As long as Bitcoin stays decentralized and secure, money and state are separated, right?

1326
01:42:58,898 --> 01:43:02,218
That doesn't mean the state's not going to try and get its greedy little paws on your Bitcoin.

1327
01:43:02,358 --> 01:43:04,658
That doesn't mean they're not going to try and stack as much as they can.

1328
01:43:04,698 --> 01:43:06,158
Of course they will because Bitcoin's winning.

1329
01:43:06,718 --> 01:43:09,878
That's why every nation state, every corporation will eventually hold Bitcoin.

1330
01:43:09,979 --> 01:43:11,738
It's why every individual will want to hold Bitcoin.

1331
01:43:11,738 --> 01:43:16,198
But the great thing is that it doesn't matter how much, like they still can't control it.

1332
01:43:16,538 --> 01:43:24,678
And then that beautiful, beautiful Bitcoin game theory sets in where it's like, well, you don't want to screw up this thing that you hold a lot of.

1333
01:43:24,979 --> 01:43:27,578
And then that's a beautiful virtuous cycle.

1334
01:43:27,698 --> 01:43:34,758
And it's going to be really interesting to see what El Salvador looks like in the next 5, 10, 15 years.

1335
01:43:35,758 --> 01:43:37,458
It's already transformed.

1336
01:43:37,458 --> 01:43:44,198
if they can keep it that way, if they can keep our own CIA over here from getting in there and

1337
01:43:44,198 --> 01:43:48,698
trying to interfere, which I'm sure they, there's no way that they're not doing. You know, I think

1338
01:43:48,698 --> 01:43:51,698
that they're going to be, they already are a country that's on the up and up, but I think

1339
01:43:51,698 --> 01:43:57,598
that trajectory, uh, you know, they're going parabolic over there, but Nico want to be conscious

1340
01:43:57,598 --> 01:44:01,198
of your time. You've been, you've been streaming all day already. Uh, you know, a podcaster's work

1341
01:44:01,198 --> 01:44:05,918
is never done. I'm so glad we got a chance to do this, dude. This was a treat. People probably

1342
01:44:05,918 --> 01:44:07,838
if they're listening to the show already know where to find you,

1343
01:44:07,878 --> 01:44:09,178
but where do you want to send them anyway?

1344
01:44:09,178 --> 01:44:09,798
Just to,

1345
01:44:09,878 --> 01:44:12,618
just to make sure they get and check out your channels if they haven't

1346
01:44:12,618 --> 01:44:12,939
already.

1347
01:44:13,558 --> 01:44:13,939
Yeah.

1348
01:44:13,958 --> 01:44:14,898
You can find me just,

1349
01:44:15,058 --> 01:44:19,018
you could search simply Bitcoin and know whether on your podcast or your,

1350
01:44:19,158 --> 01:44:19,358
you know,

1351
01:44:19,358 --> 01:44:22,398
your platform of choice and you'll find us there.

1352
01:44:22,398 --> 01:44:27,638
And I'm super happy because I wasn't a Bitcoin podcaster and now I'm a

1353
01:44:27,638 --> 01:44:30,498
Bitcoin podcaster because I've been on the Bitcoin podcast.

1354
01:44:31,278 --> 01:44:31,318
So,

1355
01:44:31,318 --> 01:44:31,618
you know,

1356
01:44:31,658 --> 01:44:33,398
I'm glad to have you here.

1357
01:44:33,498 --> 01:44:33,778
You're welcome.

1358
01:44:34,138 --> 01:44:35,598
Open doors open anytime now,

1359
01:44:35,598 --> 01:44:36,818
now that we've gotten the ball rolling.

1360
01:44:37,019 --> 01:44:38,818
We need to have a podcaster's summit, I think.

1361
01:44:38,998 --> 01:44:39,658
You know, like a Bitcoin,

1362
01:44:40,019 --> 01:44:42,158
you can only go to this summit

1363
01:44:42,158 --> 01:44:43,378
if you're a Bitcoin podcaster.

1364
01:44:43,558 --> 01:44:45,258
We need to see your RSS feed, you know,

1365
01:44:45,318 --> 01:44:46,678
like let's make it happen.

1366
01:44:47,058 --> 01:44:47,198
Yeah.

1367
01:44:47,418 --> 01:44:49,398
Well, Walker, it's been an honor.

1368
01:44:49,558 --> 01:44:50,838
Thank you so much for having me

1369
01:44:50,838 --> 01:44:51,678
and I had a great time.

1370
01:44:51,738 --> 01:44:52,479
Really appreciate it.

1371
01:44:53,218 --> 01:44:54,718
The honor was mine, sir.

1372
01:44:54,758 --> 01:44:56,698
And thank you to everybody who tuned in on Noster.

1373
01:44:56,798 --> 01:44:58,278
Thank you for the folks that sent zaps.

1374
01:44:58,398 --> 01:44:59,678
It is very much appreciated.

1375
01:45:00,318 --> 01:45:02,558
This show live streams just on Noster

1376
01:45:02,558 --> 01:45:04,418
and the rest will be published afterwards.

1377
01:45:04,418 --> 01:45:09,098
And you guys didn't even hear the initial rant that actually allowed Nico to bring it full circle back to El Salvador.

1378
01:45:09,318 --> 01:45:12,058
So I guess you're just going to have to listen to it on Fountain as well.

1379
01:45:12,178 --> 01:45:15,238
And maybe even YouTube if you want to give those guys your eyeballs.

1380
01:45:15,418 --> 01:45:17,418
But Nico, thanks so much, dude.

1381
01:45:17,698 --> 01:45:18,518
Great seeing you.

1382
01:45:18,858 --> 01:45:20,298
And look forward to doing it again soon.

1383
01:45:20,418 --> 01:45:22,018
I know we'll see each other in El Salvador next.

1384
01:45:22,178 --> 01:45:23,538
So, yeah, looking forward to that.

1385
01:45:24,178 --> 01:45:24,798
Likewise, man.

1386
01:45:25,038 --> 01:45:25,638
Talk to you soon.

1387
01:45:34,418 --> 01:45:39,298
And that's a wrap on this Bitcoin Talk episode of The Bitcoin Podcast.

1388
01:45:39,958 --> 01:45:43,878
Remember to subscribe to this podcast wherever you're watching or listening

1389
01:45:43,878 --> 01:45:48,198
and share it with your friends, family, and strangers on the internet.

1390
01:45:48,578 --> 01:45:54,898
Find me on Noster at primal.net slash walker and this podcast at primal.net slash titcoin.

1391
01:45:55,318 --> 01:45:58,758
On X, YouTube, and Rumble, just search at Walker America.

1392
01:45:58,758 --> 01:46:03,618
And find this podcast on X and Instagram at titcoinpodcast.

1393
01:46:03,618 --> 01:46:14,898
Head to the show notes to grab sponsor links, head to substack.com slash at Walker America to get episodes emailed to you and head to Bitcoin podcast dot net for everything else.

1394
01:46:15,439 --> 01:46:18,998
Bitcoin is scarce, but podcasts are abundant.

1395
01:46:19,498 --> 01:46:24,618
So thank you for spending your scarce time listening to the Bitcoin podcast.

1396
01:46:25,118 --> 01:46:27,678
Until next time, stay free.

1397
01:46:33,618 --> 01:46:34,238
Thank you.