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Good afternoon, Bitcoiners. Welcome back to Bitcoin Center live stream number 37.

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keys and more exciting things coming down the pipeline soon.

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That's awesome.

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I think Paul's a run for his money here trying to keep that seat.

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Yeah, it's great to be here again with you, Cedric.

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Yeah, it's awesome to see you again.

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I saw you this weekend at Bitcoin Day Naples.

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It was a great event.

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That was a great event.

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But you just brought something up that I didn't hear about.

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So it sounds unfortunate.

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What happened?

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Yeah.

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So Gloria, I don't ever know how to put Zoe,

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Zhao, one of the primary lead Bitcoin core maintainers, her Twitter account got hacked.

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And so I think there was a release like anticlimactic. I was not impressed with the response.

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You know, obviously everything gets political and people are taking sides like, but all the

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pro core people were sort of just like, oh, just don't click the link. And I don't think that that

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is an appropriate response. I think if you are in charge of a $2 trillion asset, you know,

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you're one of like five people who has access to that asset, you need to take your security setup

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a little more seriously. And if something does go wrong, I mean, there should be an apology,

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there should be an explanation of what has happened, what is happening in terms of like

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securing her entire digital life, including her access to Bitcoin. Like they should revoke her

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keys until we're certain that whoever hacked her account doesn't have access to other profiles.

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I mean, I just think that it's a pretty serious thing. It should be taken

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more seriously. And it was just, I asked you right before we went live, like,

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oh, did you know about this? And I don't think you'd even heard of it.

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No. I mean, is this a truly like recent thing like today?

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I don't know if it's today or I think it was maybe yesterday.

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Wow. I mean, that's really unfortunate. I think part of this is how personal this has become

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and not about ideas.

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And I think on some level,

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I think this points to that

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we're going to have to take humans

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out of this process.

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Really hard to work on this publicly in some ways.

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Yeah, I agree.

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But also that the decisions and the impact

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and the unknown second and third order effects

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of working on 700,000 lines of code

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is going to be near impossible for one human

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to understand what their code would do

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on all the other lines of code.

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You can't have one human review that.

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Yeah, no, I agree.

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I think there should absolutely be more people involved.

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I think it's going to be, to be honest, AI.

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I think we're going to move to some sort of new governance,

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but I think it would be AI that would write the code.

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I totally disagree with that.

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Analyze the 700,000 lines of code.

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Absolutely no way.

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And there'll be human intervention along the way in monitoring,

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but I think we're going to have to evolve in terms of how we design this asset.

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No, no, I couldn't disagree with you more.

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they're first of well they're actually to speak about gloria i didn't mean to cut you up yeah no

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well i agree with you i mean it's i don't necessarily fault her in like it's she's a

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human i'm you know like that everyone is susceptible to these things tricky thing to secure

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absolutely but i just think it's not being taken seriously enough you know what i mean

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Like, I just think it's another misstep.

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We saw everything that has happened.

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And then the disastrous bug that was deleting wallets.

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And now you have this.

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And I think it's just really like emblematic of the problems with the way that Coors is currently being governed.

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And it needs fixed.

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I mean, it's unacceptable.

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Sure.

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I just don't think that we're going to go from like one group of people to another group of people successfully.

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I think it's going to evolve.

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And I think we need to come up with a new paradigm for governance over what is now a $2 trillion asset.

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Yeah, I agree.

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And I have been an advocate really of having more stewards of the code and not developers.

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Because I think that Bitcoin is incredible.

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Short of a couple of things, a couple of decisions that need to be made over the next 5 to 10 years,

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there's really not a lot that should be happening.

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This is not like a hot new software project that we're continually developing.

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This is a trillion dollar asset that needs to be kept safe and secure.

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Yeah, I really struggle with who should be working on and how that should be funded.

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Should anyone be able to...

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I mean, how does a company appoint people to work on it, assign what to work on?

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How is that in any way building consensus?

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And how do we come to consensus on what we should work on for humanity?

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Agreed.

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and how do we figure out who works on it?

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Right.

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Yeah, I don't know the answer to saying it.

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It's a big topic, yeah.

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Hopefully we'll get some on the show who can help us with that.

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Maybe we'll, let's do the intro here and get into it.

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We got Hank Hudson coming on, talk about some spicy topics.

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Let's be real, right?

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Praising Telegram for launching a Bitcoin wallet.

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I've always felt like with Kayleigh.

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Bitcoin, this digital currency that's out there that people say, oh, it might be the next big thing.

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What do you think?

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I think it's rat poison.

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Bitcoins.

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You never heard of them a few weeks ago?

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Now everybody's talking about them.

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But is it a currency?

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I don't know.

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Or is it more like a stock?

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Or is it a tulip bowl?

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Or is it just stupid?

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To me, it smells like Ponzi scheme and the greater pool theory right here.

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You do like five minutes of freaking research.

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Well, thanks for coming to my set talk.

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Yes.

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Don't buy shit coins.

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Oh, man.

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I was getting that wrong.

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All right.

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Bitcoin's recent rally.

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Do you agree?

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Is crypto finally dead?

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Go to the next one.

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Matter of fact, they're kind of in the Ethernet.

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What are they?

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Some rumors that it's a Japanese guy,

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but they know that he's a fake name.

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It was a pseudonym.

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I mean, you're literally putting real money

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onto a system that we don't even know who created it.

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Good book, I'm Bill Bad-Emming.

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Is this the most exciting bull run ever?

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Not for me.

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No, it's not.

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Welcome to Bitcoin Center, the fast-paced show where the debate is the story.

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All right. I want to ask you the trillion dollar question.

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Is Strike, or Stretch, S-T-R-C, is this Bitcoin's iPhone moment?

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What do you think?

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No, I think that's silly.

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I also don't know that I'm the right person to ask.

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I want to, well, I'll read this tweet from Rajat Soni.

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Okay.

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He thinks Stretch is designed to break the four-year Bitcoin cycle.

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He goes on to explain there is a huge gap in capital markets.

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Everyone wants a short-term savings account with a high yield and low risk.

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But nobody offered a financial product that did this until 2025, and MSTR created Stretch to fill this gap.

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Stretch is short-term credit with guaranteed interest payments for over two years,

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because MicroStrategy happens to have $2 billion in fiat to pay the dividends.

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The best part, it currently pays an 11% yield.

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The next best product with a similar risk profile probably pays 3% to 5%.

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strategy can create as many shares of stretch as needed to fulfill the demand for low risk high

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yield short-term credit all proceeds from stretch go to buying more bitcoin to create more bitcoin

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backed credit products when bitcoin falls holders sell and look for a place to park their cash

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they should theoretically look for the savings vehicle that gives them the highest yield in that

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savings vehicle to stretch strategy can keep adding bitcoin and fiat to its reserves to

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strength in its position. Stretch will absorb tens of trillions of dollars of value from bonds and

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money market funds and all of it will go into Bitcoin. This is Rajat's post. Sure. It's a good

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analysis. So I think Bitcoin is the iPhone. And that sounds great. But that is all fiat Wall

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Street stuff. So this might be a fantastic vehicle for Wall Street. But I am an advocate of Bitcoin

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for Main Street. And so I don't really give a shit about all that. I think it's a fascinating

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product. It's it's interesting. Brilliant financial engineering. Yes. I still think

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I have I've you know, I don't think I would move my mother's retirement account to all

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none of this is financial advice. But my point is, it's still sort of like when a brand comes

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out a new car and you want to you don't want to be the by the first year. Sure. And I'm not again,

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It's not financial advice.

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It's a bad analogy.

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But my point is like over 30 years for someone to retire on,

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we have not seen the performance of this.

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But this is different from the STY.

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There was another dividend paying.

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So there's a few products.

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Okay.

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Right.

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But this one's considered the iPhone.

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So this pays 11%.

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Where does that yield come from?

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It's supposed to maintain a par of around 100.

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Where does 11% come from?

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You could argue the yield may be coming from the common equity.

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I don't know.

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But what I want, the strategy causes, you know, the layer one they see is digital capital, Bitcoin.

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Right.

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Layer two they see is digital credit, which is stretch.

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And then layer three is digital money.

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Okay.

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My only issue here is I see layer one is digital money, Bitcoin.

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Right.

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And anything that we've really had problems with in our financial ecosystems come from credit.

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So that's my long-term concern here.

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I, you know, remains to be seen.

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This could be the thing society is looking for in terms of financial engineering around savings compared to fiat and stable coins.

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I think it remains to be seen.

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I'm excited for it.

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My question is, why not just save in Bitcoin?

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So the strategy argument is that institutions don't necessarily want exposure to spot Bitcoin.

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That might be true.

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Maybe they don't want the volatility.

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Sure.

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Maybe they're regulated out of exposure to that asset class.

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So it's a Wall Street solution.

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It's supposed to be designed for institutional grade appetite around credit.

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So good for them.

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I'm happy for them.

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Okay.

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I'm with you.

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All right.

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Let's bring on Hank Hudson from Roxham TV's flagship show.

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Hey, guys.

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How are you?

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Oh, I'm doing great. I love what you've done with the place. Thank you for having me on the show, guys. Super excited to be here.

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Yeah, we put these up for you.

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That's very kind and thoughtful of you.

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Yeah, I appreciate it.

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Good to see you.

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Likewise.

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I want to get into this. I'd love to hear your perspective on this particular clip from Brian Armstrong.

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Francis, if you could play it first.

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Got the Genius Act passed into law, which actually did enable stablecoin rewards to happen.

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THE BANKS HAVE BEEN ABLE TO

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TAKE THEM TO THE BANKS.

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THE BANKS HAD THEIR OWN

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CONCERNS AND WE REACHED A GOOD

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OUTCOME IN THE GENIUS ACT.

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NOW THE BANKS ARE TRYING TO

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UNDERMINE THE PRESIDENT'S

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CRYPTO AGENDA.

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THESE ARE THE SAME BANKS THAT

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DEBANKED HIM AND HIS FAMILY.

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THEY WANT TO COME IN AND SAY

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AMERICANS SHOULD NOT BE ABLE TO

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ACTUALLY EARN MORE MONEY ON

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THEIR MONEY.

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THEY'RE TRYING TO PROTECT THEIR

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OWN PROFIT MARGINS, TAKING MONEY

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OUT OF THE POCKETS OF HARD

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WORKING AVERAGE AMERICANS AND

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record profits. And so our view is that there should be a level playing field where banks and

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crypto companies can lean into stablecoin legislation as an opportunity. And that

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includes paying rewards to Americans so that they can earn. I can't wait to hear what you guys think

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about this. Hank, if you go first, what is your initial impression? Yeah, my initial beat on this

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is this feels like a turf war of where who gets to be the money middleman over the next decade,

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right? Like we've seen banks basically enjoy this kind of privileged position forever where they hold

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the deposits, they pay you basically nothing, and then they use that yield to earn or they use that

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money to kind of earn yield somewhere else, right? And most people aren't noticing because the system

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has always kind of been like that. And then you've got stable coins and some that can actually pay

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rewards kind of shines a flashlight directly on that model. And I don't think banks are going to

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be too happy to see that because they want to earn this free money and allocate your money

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wherever else they want to. And yeah, I think Armstrong is saying that banks are lobbying to

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ban stablecoin rewards. But I really think he's just making an accusation that maybe sounds a

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00:13:18,960 --> 00:13:23,520
little dramatic, but the motivation here is very normal, right? And it's protect the margins for

244
00:13:23,520 --> 00:13:29,400
the banks. And the political angle here certainly matters too, because if Trump's administration is

245
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pitching itself as being pro-crypto, and you've got big banks quietly kind of trying to clip the

246
00:13:34,620 --> 00:13:39,360
wings on stablecoins, that's not really a crypto story. We're looking at more of a power story here.

247
00:13:39,440 --> 00:13:45,420
So basically, it's like, do we modernize money or do we keep the old tollbooths open? So to me,

248
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this is all about who's going to get paid for being in the middle in the future. That's my read on it.

249
00:13:52,760 --> 00:13:58,100
I agree with what Hank is saying, and I don't often agree with Brian Armstrong,

250
00:13:58,100 --> 00:14:00,240
but he's absolutely right.

251
00:14:00,520 --> 00:14:02,880
I mean, I agree it's a turf war

252
00:14:02,880 --> 00:14:05,080
and I don't need to earn yield,

253
00:14:05,720 --> 00:14:07,380
but people do.

254
00:14:07,620 --> 00:14:10,800
People want to hold their money in stable coins

255
00:14:10,800 --> 00:14:11,920
and they should be allowed to.

256
00:14:12,540 --> 00:14:14,340
And I think it's totally nonsense

257
00:14:14,340 --> 00:14:15,700
that the banks are coming in

258
00:14:15,700 --> 00:14:20,200
and trying to take grain of the regulation.

259
00:14:20,440 --> 00:14:22,940
So I actually am with Brian 100% on this.

260
00:14:23,060 --> 00:14:23,660
I agree with both of you,

261
00:14:23,720 --> 00:14:25,600
but let me try to understand this

262
00:14:25,600 --> 00:14:26,540
by a five-year-old.

263
00:14:26,540 --> 00:14:30,540
So the banks pay some yield on your deposits.

264
00:14:31,340 --> 00:14:33,720
It's been very little historically or lately.

265
00:14:34,660 --> 00:14:38,300
And stable coins, it seemed like we weren't going to be able to do that at all.

266
00:14:38,420 --> 00:14:46,940
But is Brian Armstrong making a last minute argument on behalf of consumers that stable coins should also be able to pay out a yield?

267
00:14:47,460 --> 00:14:48,740
That's my understanding.

268
00:14:48,880 --> 00:14:52,040
And then that yield would be a lot more than the banks or just people.

269
00:14:52,520 --> 00:14:55,820
And so less people would use the deposit products at the banks.

270
00:14:56,540 --> 00:14:58,940
Well, it would create more of a free market, right?

271
00:14:59,020 --> 00:15:00,280
People could use whatever they want.

272
00:15:00,840 --> 00:15:05,280
The clarity, whatever this specific bill is,

273
00:15:05,420 --> 00:15:09,260
it was going to ban crypto companies or any companies

274
00:15:09,260 --> 00:15:11,080
from paying a reward on stable coins.

275
00:15:11,640 --> 00:15:13,920
So, I mean, that's not a free market, right?

276
00:15:14,240 --> 00:15:16,840
Do either one of you think Brian Armstrong

277
00:15:16,840 --> 00:15:20,380
or the side that wants stable coins to be able to provide yield,

278
00:15:20,500 --> 00:15:22,920
has any chance of winning this late in the game?

279
00:15:22,920 --> 00:15:25,060
Or is this for show?

280
00:15:25,060 --> 00:15:28,640
Didn't they already kind of establish this in the Genius Act?

281
00:15:28,720 --> 00:15:32,420
So wouldn't this be kind of like repealing part of that only months after the fact?

282
00:15:33,320 --> 00:15:33,580
You're right.

283
00:15:33,600 --> 00:15:35,760
The Genius Act sort of laid this out, right?

284
00:15:35,900 --> 00:15:40,880
That stable coins did not provide yield, that they had to be on U.S. regulated.

285
00:15:41,000 --> 00:15:42,000
They had to buy treasuries.

286
00:15:42,400 --> 00:15:46,020
And I thought this is why JP Morgan was rolling out the deposit coin.

287
00:15:46,920 --> 00:15:48,340
It's a deposit token.

288
00:15:48,460 --> 00:15:49,460
That's what they're calling theirs.

289
00:15:49,460 --> 00:15:53,800
And I think also this goes to fractional reserves.

290
00:15:53,800 --> 00:15:56,120
So we have hypothecation.

291
00:15:56,760 --> 00:16:03,240
So the deposits, if they use a deposit token, they can provide the yield and it was going to be no yield on stable coins.

292
00:16:03,320 --> 00:16:10,160
But also then the deposit tokens could still be rehypothecated, whereas it's hard to rehypothecate the stable coin deposits.

293
00:16:11,580 --> 00:16:14,480
And this does, but I thought this was settled a while ago.

294
00:16:14,560 --> 00:16:18,380
This seems like a major holdup this late in the game.

295
00:16:18,480 --> 00:16:22,640
I kind of like it that they're not, I think anything to slow them down is good.

296
00:16:22,640 --> 00:16:23,640
I agree completely.

297
00:16:23,800 --> 00:16:28,280
Except if I think as a, maybe as an American citizen,

298
00:16:28,280 --> 00:16:32,380
and you could say the borders are fake and that's not, you know,

299
00:16:32,400 --> 00:16:35,580
but I live here and they could put me in jail.

300
00:16:35,640 --> 00:16:36,620
So as an American citizen,

301
00:16:36,800 --> 00:16:41,020
don't I want them to like roll out hours,

302
00:16:41,280 --> 00:16:44,520
provide clarity first and,

303
00:16:44,520 --> 00:16:47,580
and benefit from everything that they think will come with that.

304
00:16:48,220 --> 00:16:51,720
Maybe I think it's better as a Bitcoiner that they don't go fast and that

305
00:16:51,720 --> 00:16:55,060
there's all this lack of clarity and we're not first out of the gate.

306
00:16:55,160 --> 00:16:56,860
But I thought they were in a rush.

307
00:16:56,860 --> 00:17:13,854
I thought that they already agreed on this I think it a good argument making it yeah if you look at this from the consumer perspective i i don know um i i think slow and steady wins the race on this one

308
00:17:13,854 --> 00:17:18,574
right guys i mean this is not too different from a uh the bitcoin strategic bitcoin reserve and

309
00:17:18,574 --> 00:17:23,054
that we're going to be talking about in just a bit like you got to get this right the first time

310
00:17:23,054 --> 00:17:27,134
um because we're going to have the world looking at us specifically with uh the reserve like how

311
00:17:27,134 --> 00:17:28,234
How is this going to get done?

312
00:17:28,374 --> 00:17:29,554
What are the rails that are in place?

313
00:17:29,594 --> 00:17:31,294
And how can people copy that going forward?

314
00:17:31,434 --> 00:17:33,954
So I think this is one of those you can't rush,

315
00:17:33,994 --> 00:17:37,214
even though I think a lot of us would like answers sooner rather than later.

316
00:17:37,214 --> 00:17:42,514
I'd be blown away if they allow stablecoins at this point to allow yield

317
00:17:42,514 --> 00:17:44,774
or provide yield however they do it.

318
00:17:44,994 --> 00:17:47,514
That will change my worldview a little bit.

319
00:17:48,294 --> 00:17:49,994
About everything that's happened.

320
00:17:50,074 --> 00:17:50,854
I hope they do.

321
00:17:52,694 --> 00:17:54,754
I would really think that there's –

322
00:17:54,754 --> 00:17:57,934
Because I do think that's a little bit more of a free market, like you were saying.

323
00:17:59,074 --> 00:18:06,814
But also, does it further entrap people on better financial surveillance than the deposit tokens would be?

324
00:18:07,734 --> 00:18:08,634
Well, that's a good question.

325
00:18:08,634 --> 00:18:10,434
I think it's all going to be surveilled, though.

326
00:18:10,494 --> 00:18:12,374
I don't think you're stopping the surveillance state.

327
00:18:12,854 --> 00:18:15,574
So let's at least do away with the communist banking.

328
00:18:16,174 --> 00:18:16,294
Right.

329
00:18:16,794 --> 00:18:19,074
Yeah, I would be blown away if they can do away with the communist banking.

330
00:18:19,074 --> 00:18:19,574
It's a big fight.

331
00:18:19,794 --> 00:18:20,494
It's a big fight.

332
00:18:20,534 --> 00:18:21,114
That's interesting.

333
00:18:21,414 --> 00:18:22,934
All right, let's move on to the next one.

334
00:18:23,014 --> 00:18:24,214
Let's talk about the SBR here.

335
00:18:24,214 --> 00:18:26,374
Maybe we could play the clip first from the White House.

336
00:18:28,354 --> 00:18:40,794
We've had good engagement from the DCOSP team, which is Stephen Miller's team, that kind of, you know, make sure that all of the executive orders that have been signed by the president, that the agencies are moving out on them, making good progress.

337
00:18:41,234 --> 00:18:43,774
The Treasury team, Commerce team is involved.

338
00:18:43,774 --> 00:18:54,934
You know, that one is it's interesting. You know, it seems straightforward, but then you get into some, you know, obscure legal provisions and why this agency can't do it.

339
00:18:54,974 --> 00:19:02,134
But actually, this agency could. So we're continuing to push on that. It is certainly still on the priority list right now.

340
00:19:02,494 --> 00:19:12,834
And I think with some of the latest, you know, kind of developments and things that we've learned and engagement from general counsels and different agencies, DOJ, OLC, for example.

341
00:19:12,834 --> 00:19:25,074
That's kind of the, you know, the Supreme Court within the administration has provided some good guidance on where we can move out on this executive order of the president's and do so in a legally sound way.

342
00:19:25,414 --> 00:19:34,154
So. Hank, what do you think? Is the United States government ever going to buy Bitcoin?

343
00:19:34,774 --> 00:19:37,554
Yeah, absolutely. I mean, like, here's the thing, right?

344
00:19:37,554 --> 00:19:43,154
Like they're taking their time. And I think we had expectations that Trump was going to announce strategic Bitcoin reserve.

345
00:19:43,154 --> 00:19:52,994
And all of a sudden the United States was going to be finding ways, budget neutral otherwise, to acquire more rather than just the seized and the forfeitures that we currently have.

346
00:19:53,214 --> 00:20:00,334
Right. But you don't build the runway for planes unless you expect more planes to eventually land there.

347
00:20:00,334 --> 00:20:12,654
And kind of, as I mentioned previously in the last story, like you got to get this right, because the entire world is looking at the United States to likely be the first real power mover to have their own strategic Bitcoin reserve.

348
00:20:12,874 --> 00:20:20,874
And we're trying to integrate a new asset class into kind of a legacy financial system that wasn't necessarily built for that.

349
00:20:21,254 --> 00:20:26,454
So, yeah, it'd be great if we saw this happen sooner than, you know, than we have so far.

350
00:20:26,454 --> 00:20:29,794
But like this is something that, again, you got to get right the first time.

351
00:20:30,014 --> 00:20:32,654
And they're in a lot of uncharted territories here.

352
00:20:32,814 --> 00:20:38,834
And figuring out how to weave Bitcoin into the current financial frameworks is going to take time.

353
00:20:39,034 --> 00:20:42,074
So like, yeah, it's taking longer than expected.

354
00:20:42,274 --> 00:20:47,814
But this in no way changes my thought that eventually there will be a strategic Bitcoin reserve here in the United States.

355
00:20:47,814 --> 00:20:51,114
And I do think at some point we will actively start acquiring it as well.

356
00:20:52,114 --> 00:20:53,474
I think it's all for show.

357
00:20:53,594 --> 00:20:55,134
I think we're probably already acquiring.

358
00:20:55,134 --> 00:20:59,754
I think whatever this is, whatever's happening, it's just the show.

359
00:21:00,294 --> 00:21:06,094
And we're not going to know for a long time, if ever, exactly how this played out.

360
00:21:06,414 --> 00:21:13,074
But if you fast forward two, three, four, five, ten years, the United States will have a strategic Bitcoin reserve.

361
00:21:13,294 --> 00:21:19,434
And I don't know that we'll ever know exactly where the Bitcoin came from or sort of what the moving chess pieces were.

362
00:21:19,434 --> 00:21:25,274
because look, if you're doing something this big,

363
00:21:25,394 --> 00:21:26,634
are you honest about it?

364
00:21:26,674 --> 00:21:27,934
I mean, they're not honest about anything.

365
00:21:28,014 --> 00:21:29,234
Why would they be honest about this?

366
00:21:30,034 --> 00:21:31,214
This is interesting.

367
00:21:31,434 --> 00:21:34,294
So if the United States government doesn't have Bitcoin

368
00:21:34,294 --> 00:21:35,694
through purchases yet

369
00:21:35,694 --> 00:21:37,894
or some sort of acquisition that we don't know about,

370
00:21:38,594 --> 00:21:42,694
my line of thinking is they've never revalued the gold.

371
00:21:43,154 --> 00:21:45,214
So why would they go buy Bitcoin

372
00:21:45,214 --> 00:21:47,274
and have an asset that they don't care

373
00:21:47,274 --> 00:21:48,494
if it goes up in price

374
00:21:48,494 --> 00:21:50,174
and that they can't sell.

375
00:21:51,274 --> 00:21:53,014
So part of me says they'll never buy.

376
00:21:53,454 --> 00:21:55,594
But if they've been acquiring all along

377
00:21:55,594 --> 00:21:57,034
different vintages,

378
00:21:57,134 --> 00:21:58,994
let's say even going back to 2010,

379
00:21:59,934 --> 00:22:01,454
then I could see them being like,

380
00:22:01,514 --> 00:22:04,934
yeah, we have 900,000 Bitcoin on our balance sheet

381
00:22:04,934 --> 00:22:08,074
and we value them at nothing.

382
00:22:08,454 --> 00:22:08,754
Right.

383
00:22:08,894 --> 00:22:10,394
And we're not going to change that,

384
00:22:10,454 --> 00:22:11,414
but we have it now.

385
00:22:11,414 --> 00:22:12,434
And we're not going to sell.

386
00:22:12,554 --> 00:22:13,694
And so I don't know.

387
00:22:13,814 --> 00:22:14,814
If they've already been acquiring,

388
00:22:15,534 --> 00:22:16,214
that'd be really...

389
00:22:16,214 --> 00:22:17,194
And would they ever,

390
00:22:17,334 --> 00:22:18,054
if they were acquiring,

391
00:22:18,054 --> 00:22:23,294
could they ever reveal themselves as the wallets that we all thought were satoshis now that one i

392
00:22:23,294 --> 00:22:31,054
don't know you know right i like to think not but it's certainly a possibility i mean i think it's

393
00:22:31,054 --> 00:22:36,134
definitely why do you why do you guys think they would they would lie about maybe already them

394
00:22:36,134 --> 00:22:41,154
being actively acquiring is that to gain some kind of additional first mover advantage and

395
00:22:41,154 --> 00:22:45,694
literally stacking their bags before they come out and say it and then the inevitable digital

396
00:22:45,694 --> 00:22:49,434
gold rush begins like i'm trying to understand why they would do that

397
00:22:49,434 --> 00:22:58,934
no i i think even just the what you've laid out for you know hiding your first mover advantage and

398
00:22:58,934 --> 00:23:06,674
yeah if you see it as a truly important strategic asset um you know there's always other things

399
00:23:06,674 --> 00:23:11,334
going on behind the scenes you don't necessarily want to lay out your playbook and put all your

400
00:23:11,334 --> 00:23:17,694
cards on the table, especially with something that could be, you know, so, so geopolitically

401
00:23:17,694 --> 00:23:23,334
important. We've seen all kinds of stuff happening in China in regards to like Bitcoin being banned.

402
00:23:23,334 --> 00:23:31,134
And, you know, I think if Bitcoin is as serious of an asset class as like we all believe it to be,

403
00:23:31,274 --> 00:23:34,694
if, I mean, you wouldn't want anyone to know what you were doing.

404
00:23:35,334 --> 00:23:38,894
Yeah. I guess if you found a gold mine, you don't want to tell the people where it is, right?

405
00:23:39,094 --> 00:23:39,814
Yeah. Yeah.

406
00:23:39,814 --> 00:23:50,754
The only way I think they would not be sneaky about it if there was some sort of multilateral process that's being negotiated right now that they would want to announce a multilateral agreement.

407
00:23:51,274 --> 00:24:02,534
Like I said, the G7, we are and maybe one or two of those nations was allowed to acquire some before, but they maybe agreed no one would get first mover advantage when they move to a new monetary system.

408
00:24:02,814 --> 00:24:05,274
But I just don't put my money on that one.

409
00:24:05,574 --> 00:24:05,734
Yeah.

410
00:24:05,734 --> 00:24:08,414
So why wouldn't

411
00:24:08,414 --> 00:24:10,514
I mean, why wouldn't they be acquiring

412
00:24:10,514 --> 00:24:12,494
They've known about this

413
00:24:12,494 --> 00:24:14,454
Since 2010 when Gavin brought

414
00:24:14,454 --> 00:24:15,254
It to them

415
00:24:15,254 --> 00:24:17,794
At some point you could

416
00:24:17,794 --> 00:24:19,694
Put out $100,000

417
00:24:19,694 --> 00:24:22,454
They invest in everything in this country that could be interesting

418
00:24:22,454 --> 00:24:24,174
I also think they probably

419
00:24:24,174 --> 00:24:26,474
Designed and created Bitcoin

420
00:24:26,474 --> 00:24:28,414
I know you think that

421
00:24:28,414 --> 00:24:29,714
You think the government did?

422
00:24:30,074 --> 00:24:31,394
Yeah, my rational

423
00:24:31,394 --> 00:24:34,554
Not the part that made me a Bitcoiner and I hold on to that

424
00:24:34,554 --> 00:24:42,394
started the internet and here we are and facebook right so and probably netflix all of it

425
00:24:42,394 --> 00:24:48,454
i think they seeded i think they invest in these things i they do i i think that they they designed

426
00:24:48,454 --> 00:24:53,154
it to be possibly i'm saying potentially if i was to you know sort of pontificate and they designed

427
00:24:53,154 --> 00:24:59,154
it to be heat sink for credit and debt and they say they gamed out the problems fiat and the dollar

428
00:24:59,154 --> 00:25:05,394
we're going to have. And if they can control all the on and off ramps and they can sort of

429
00:25:05,394 --> 00:25:11,414
and, you know, do the best they can to prevent or prohibit self-custody and any sort of

430
00:25:11,414 --> 00:25:16,454
financial privacy on that ledger. Yeah. This is a great thing for them.

431
00:25:16,454 --> 00:25:21,014
Well, look, historically, look at the people that they've really gone after.

432
00:25:21,894 --> 00:25:27,574
It's always the proponents of the privacy aspect. 100%. It's always the people, you know,

433
00:25:27,574 --> 00:25:29,814
the libertarians preaching Bitcoin.

434
00:25:30,294 --> 00:25:32,674
If you talk about the price of Bitcoin,

435
00:25:32,774 --> 00:25:35,134
a number go up, you are safe.

436
00:25:35,714 --> 00:25:35,814
Right.

437
00:25:35,974 --> 00:25:37,254
So there's something there.

438
00:25:37,274 --> 00:25:38,554
And the brightest minds in Bitcoin

439
00:25:38,554 --> 00:25:41,294
work on tokenizing real world assets

440
00:25:41,294 --> 00:25:44,854
and moving the dollar around on layer two.

441
00:25:45,174 --> 00:25:45,434
Right.

442
00:25:45,654 --> 00:25:47,634
And you just wonder why aren't they hard,

443
00:25:47,714 --> 00:25:48,994
especially if they were early enough,

444
00:25:49,034 --> 00:25:51,374
you'd say they could work on anything they want

445
00:25:51,374 --> 00:25:53,134
because it's purely altruistic.

446
00:25:55,554 --> 00:25:56,874
And yeah, I don't know.

447
00:25:57,574 --> 00:26:20,534
Yeah. Does the fact that like that could be the case, but like Bitcoin is supposed to be transparent. It's on the blockchain. You can check all of it. But all these things are seemingly happening behind like closed doors. Like does that kind of go against the whole thing? Maybe it doesn't even matter at this point. Like I have because part of me is like worried about maybe Bitcoin being co-opted by big governments. Like it's hard to say.

448
00:26:20,534 --> 00:26:25,734
institutions but created i mean it's hard not to think they're not co-op trying to co-opt it now

449
00:26:25,734 --> 00:26:33,094
yeah i'd like to think bitcoin when i'd like to think bitcoin is in like invincible but i think

450
00:26:33,094 --> 00:26:39,554
the part of the invincible part is if humans continue to enhance it in the right ways

451
00:26:39,554 --> 00:26:45,954
which is not a guarantee just like the internet didn't bring total freedom to the users of the

452
00:26:45,954 --> 00:26:50,654
internet. I think increased freedom, but they also think it's starting to tilt where it's

453
00:26:50,654 --> 00:26:55,614
dramatically increased the deployment of propaganda and the centralization of information.

454
00:26:55,874 --> 00:27:00,854
And they figured out how to sort of tame it and sort of corral it. And they created the internet.

455
00:27:01,054 --> 00:27:01,974
Yeah, they did.

456
00:27:02,094 --> 00:27:04,034
It wasn't a gift from God in that sense.

457
00:27:04,554 --> 00:27:10,574
They were heavily involved, you know, as regulation unfolded through the early 2000s and mid 2000s.

458
00:27:10,574 --> 00:27:13,094
and they had offices and all the ISPs.

459
00:27:13,494 --> 00:27:16,654
And, you know, I mean, why would they not be doing the same thing?

460
00:27:16,654 --> 00:27:20,754
You can point to well-versed technically,

461
00:27:22,194 --> 00:27:24,354
people like Julian Assange, Edward Snowden, Russell,

462
00:27:24,354 --> 00:27:27,634
but none of them were able to avoid detection from the state.

463
00:27:29,174 --> 00:27:33,394
It's really hard to imagine or fathom someone being able to create something

464
00:27:33,394 --> 00:27:36,934
like Bitcoin and actually avoid detection from the state

465
00:27:36,934 --> 00:27:40,414
unless the state pretended to go along with that

466
00:27:40,414 --> 00:27:43,034
or protected that person or people.

467
00:27:43,534 --> 00:27:43,794
I don't know.

468
00:27:43,874 --> 00:27:45,234
That's what my rational brain says.

469
00:27:45,634 --> 00:27:48,554
You're really sucking the romance out of Bitcoin here, Cedric.

470
00:27:48,714 --> 00:27:49,194
I got to say.

471
00:27:49,394 --> 00:27:50,674
I mean, the most exciting thing is,

472
00:27:50,854 --> 00:27:51,854
I mean, maybe as an America,

473
00:27:51,974 --> 00:27:53,074
you'd want like your team,

474
00:27:53,154 --> 00:27:54,694
like as if you're thinking Team America,

475
00:27:54,834 --> 00:27:56,734
like wouldn't you want America to have been,

476
00:27:57,454 --> 00:27:58,174
at least I said,

477
00:27:58,674 --> 00:28:00,174
Gavin brought us this thing.

478
00:28:00,234 --> 00:28:01,034
And if we just put a,

479
00:28:01,274 --> 00:28:01,774
just we should,

480
00:28:01,854 --> 00:28:04,574
we owe it to ourselves to follow all technology in the world.

481
00:28:04,574 --> 00:28:10,274
and let's partake in the networks we understand it and let's keep the coins we mint for free here

482
00:28:10,274 --> 00:28:16,834
basically and then they can seize coins so if they do decide to catch up they might have seized

483
00:28:16,834 --> 00:28:22,514
the coins from venezuela maybe what is going on with that one rumor i heard was someone from

484
00:28:22,514 --> 00:28:27,814
america one of the three letter agencies helped with the architecture of the custodianship of

485
00:28:27,814 --> 00:28:33,194
those coins from the beginning so we just have i don't know and then who knows if maduro has always

486
00:28:33,194 --> 00:28:35,314
been a protected asset.

487
00:28:35,654 --> 00:28:35,734
Right.

488
00:28:36,974 --> 00:28:41,394
You could say the same maybe question about El Salvador, but we've shown even if they're

489
00:28:41,394 --> 00:28:45,434
not friendly or allies or they're doing this for us, that we can take things, including

490
00:28:45,434 --> 00:28:50,274
other sovereign nations, Bitcoin, if they don't know how to protect it or if they use

491
00:28:50,274 --> 00:28:50,834
Coinbase.

492
00:28:51,214 --> 00:28:51,574
Yes.

493
00:28:52,114 --> 00:28:56,134
So if we're not out ahead, I would think that either we're going to buy Bitcoin or continue

494
00:28:56,134 --> 00:28:56,714
to confiscate.

495
00:28:56,754 --> 00:28:58,674
I'm not necessarily a fan of the confiscation part.

496
00:28:58,674 --> 00:29:01,094
I mean, if it's confiscating

497
00:29:01,094 --> 00:29:02,834
and then we should be returning to the

498
00:29:02,834 --> 00:29:05,134
people that suffered an injustice, I would

499
00:29:05,134 --> 00:29:06,254
think. Yeah, I agree.

500
00:29:07,714 --> 00:29:09,094
That's definitely the nicer way to

501
00:29:09,094 --> 00:29:09,414
do it.

502
00:29:11,474 --> 00:29:13,194
Oh, Hank, it's always a

503
00:29:13,194 --> 00:29:15,314
great catch up with you. I'll leave it to you for any part

504
00:29:15,314 --> 00:29:17,014
of it. Let us know where we could

505
00:29:17,014 --> 00:29:19,134
find you. I love the show. I come on every

506
00:29:19,134 --> 00:29:20,634
two weeks, the blockchain. You do.

507
00:29:21,414 --> 00:29:22,914
Yeah. No, it's so great having you.

508
00:29:23,314 --> 00:29:25,014
You know, we certainly appreciate it. I'm at Roxham

509
00:29:25,014 --> 00:29:26,934
TV. Now I'm at Roxham

510
00:29:26,934 --> 00:29:32,054
TV news. I host the show five days a week, 10 a.m. Pacific time Mondays, 8 a.m. the rest of the week.

511
00:29:32,154 --> 00:29:36,674
It's two hours. We have amazing stewards of the space like yourself, Cedric, on all the time

512
00:29:36,674 --> 00:29:41,694
talking Bitcoin and world news and trying to, you know, give people the world through more of a

513
00:29:41,694 --> 00:29:45,214
Bitcoin lens because, as you know, we all see that's kind of the way that things are moving

514
00:29:45,214 --> 00:29:50,054
right now. And we're so appreciative of all the experts we get to have on like yourself. And it

515
00:29:50,054 --> 00:29:54,014
was a real treat to getting to come into your house and hang out with you here. So thank you

516
00:29:54,014 --> 00:29:55,994
so much for the invite today. It was a lot of fun. I really

517
00:29:55,994 --> 00:29:57,934
appreciate it. Awesome, man. It's always

518
00:29:57,934 --> 00:29:59,994
good to see you. Thanks so much. Can't wait. Thank you

519
00:29:59,994 --> 00:30:01,894
so much, guys. Enjoy your best year's show. Take care.

520
00:30:01,994 --> 00:30:04,254
Thank you. Bye-bye. Bye, Hank.

521
00:30:05,194 --> 00:30:06,054
Well, this is off

522
00:30:06,054 --> 00:30:08,074
to such a positive start today, isn't it?

523
00:30:08,334 --> 00:30:09,554
I think that we're...

524
00:30:09,554 --> 00:30:11,974
Oh, okay.

525
00:30:12,234 --> 00:30:13,714
It's all right. Let's talk about Sailor.

526
00:30:13,834 --> 00:30:15,974
Look, I think what's positive about it

527
00:30:15,974 --> 00:30:17,854
is we have that battle still at hand.

528
00:30:18,454 --> 00:30:20,174
We are still in battle.

529
00:30:20,174 --> 00:30:20,874
I hope I'm wrong about everything.

530
00:30:21,674 --> 00:30:23,814
We're in the battle. We're in the battle, so it's not

531
00:30:23,814 --> 00:30:26,974
I think a lot of people are being numbed to sleep.

532
00:30:26,994 --> 00:30:27,374
Yeah.

533
00:30:27,374 --> 00:30:33,574
Because to win the battle, I do think it's going to take actual effort and action.

534
00:30:33,834 --> 00:30:34,414
I agree.

535
00:30:34,674 --> 00:30:36,654
In all different sorts of ways.

536
00:30:36,874 --> 00:30:37,074
Right.

537
00:30:37,674 --> 00:30:40,374
And I'm not sure people really care right now.

538
00:30:41,254 --> 00:30:43,234
Yeah, I'm blackpilled on that.

539
00:30:43,434 --> 00:30:44,334
I agree.

540
00:30:44,534 --> 00:30:45,914
Not enough people care.

541
00:30:46,534 --> 00:30:48,034
And it pisses me off.

542
00:30:48,554 --> 00:30:51,654
But we lived through COVID and all these people didn't care.

543
00:30:51,654 --> 00:30:54,154
So I can't say that I have that much optimism.

544
00:30:54,594 --> 00:31:03,754
But what I will say is it makes me extremely grateful for people like you and Paul and everybody else in Bitcoin that do care.

545
00:31:05,194 --> 00:31:07,174
Yeah, I would appreciate that.

546
00:31:07,234 --> 00:31:08,034
No, I'm just kidding.

547
00:31:08,134 --> 00:31:11,134
I'm doing that thing where you're thinking about what you're going to say next.

548
00:31:11,494 --> 00:31:15,494
So, I mean, man, I saw this clip from Edward Dowd.

549
00:31:15,594 --> 00:31:17,294
I'm not too familiar with him.

550
00:31:17,334 --> 00:31:18,394
He's an economist, I think.

551
00:31:18,634 --> 00:31:18,894
Okay.

552
00:31:18,894 --> 00:31:23,234
There's a little bit of a, I don't know how to describe it.

553
00:31:23,254 --> 00:31:26,714
I don't know him that well, but it was a really interesting point that he made.

554
00:31:26,814 --> 00:31:30,374
And he was alluding to that the stock market's at all time high valuations.

555
00:31:30,474 --> 00:31:30,754
Right.

556
00:31:31,254 --> 00:31:35,814
And there's only seven companies that are driving that.

557
00:31:35,814 --> 00:31:40,234
And they're sort of intermingling and going back and forth.

558
00:31:40,634 --> 00:31:40,734
Right.

559
00:31:40,834 --> 00:31:46,394
And the market is excited and enthusiastic about these companies that all happen to be

560
00:31:46,394 --> 00:31:54,334
to creating and designing and deploying our dystopic panopticon oh yeah like we are investing

561
00:31:54,334 --> 00:32:00,394
in our own dystopian future and not you and maybe particular but not me american side through their

562
00:32:00,394 --> 00:32:07,714
401ks and the economy yes and that's really twisted to think of that super uh but like

563
00:32:07,714 --> 00:32:15,894
would you expect anything less with uh yes i was hoping and expecting i was hoping well i want to

564
00:32:15,894 --> 00:32:17,694
see more optimistic signs. I think there's

565
00:32:17,694 --> 00:32:19,314
I don't think that is an optimistic

566
00:32:19,314 --> 00:32:21,574
sign. No. That people are

567
00:32:21,574 --> 00:32:23,774
handing over their life

568
00:32:23,774 --> 00:32:25,834
force to say build my

569
00:32:25,834 --> 00:32:26,754
digital prison.

570
00:32:27,314 --> 00:32:29,974
They're not investing in these companies

571
00:32:29,974 --> 00:32:31,694
maybe that build better

572
00:32:31,694 --> 00:32:34,014
shoes or

573
00:32:34,014 --> 00:32:35,794
things that protect you from all the bad

574
00:32:35,794 --> 00:32:37,594
things in the atmosphere or better food.

575
00:32:38,054 --> 00:32:39,554
The best thing, the most thing

576
00:32:39,554 --> 00:32:41,094
people are excited about are AI

577
00:32:41,094 --> 00:32:43,454
which is I think in its

578
00:32:43,454 --> 00:32:45,714
current form and way it's

579
00:32:45,894 --> 00:32:47,434
It's all dystopic.

580
00:32:47,714 --> 00:32:48,034
Very.

581
00:32:48,354 --> 00:32:51,274
I'm a proponent of getting offline.

582
00:32:52,614 --> 00:32:59,094
I'm transitioning my home back to, you may remember this from like the late 90s.

583
00:32:59,234 --> 00:33:04,434
I'm going to have a computer room where I have a hardwired Ethernet connection.

584
00:33:04,854 --> 00:33:08,754
And that's the only device that you'll be able to use to access the Internet.

585
00:33:09,674 --> 00:33:13,194
And that's my plan.

586
00:33:13,194 --> 00:33:14,754
I think a lot of people are going to go analog.

587
00:33:14,754 --> 00:33:15,394
I think so.

588
00:33:15,394 --> 00:33:18,814
And I think a lot, there is the pushback from the younger generations.

589
00:33:19,134 --> 00:33:25,054
We're seeing them reject social media, reject the cell phone addiction and get out into

590
00:33:25,054 --> 00:33:26,494
the real world and go offline.

591
00:33:26,634 --> 00:33:28,774
They're doing like IRL events.

592
00:33:28,954 --> 00:33:30,134
And that gives me hope.

593
00:33:30,474 --> 00:33:36,874
I think this cheering on of the fake economy and us building our own AI dystopian future,

594
00:33:37,114 --> 00:33:39,234
I think that that's a bubble that will crash.

595
00:33:39,454 --> 00:33:42,274
And a lot of people will end up in collateral damage.

596
00:33:42,274 --> 00:33:47,754
it'll be a lot of collateral damage but we will sort of like rise from the ashes of that

597
00:33:47,754 --> 00:33:54,394
and i think you know yeah i mean that's exciting to hear right and i wish i heard more because

598
00:33:54,394 --> 00:34:00,954
that's maybe people who don't have even 30 grand in their 401k and i would love to hear stories

599
00:34:00,954 --> 00:34:13,208
about people who are like we just drained our 30 our 401k to uh do everything you said to get to To build the computer room Buy Bitcoin To go analog to buy Bitcoin Right To opt out Totally get out

600
00:34:13,468 --> 00:34:13,728
Yeah.

601
00:34:13,828 --> 00:34:14,028
Yeah.

602
00:34:15,228 --> 00:34:16,848
Please hit like and subscribe.

603
00:34:17,248 --> 00:34:19,168
This is Bitcoin Center brought to you by Byte Federal.

604
00:34:19,768 --> 00:34:20,608
Byte Federal.

605
00:34:21,408 --> 00:34:22,548
One of the largest,

606
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one of the earliest Bitcoin ATM networks.

607
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608
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609
00:34:32,468 --> 00:34:33,648
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610
00:34:34,068 --> 00:34:37,528
We also have a digital on-ramp and a non-custodial wallet.

611
00:34:38,008 --> 00:34:43,208
Check us out at bitefederal.com and on all of your social medias.

612
00:34:43,828 --> 00:34:43,988
Yeah.

613
00:34:44,128 --> 00:34:45,608
Well, Francis, cue up the clip.

614
00:34:45,968 --> 00:34:52,168
So we at Bitcoin Day, the big topic that kept coming up spontaneously and emerging was the

615
00:34:52,168 --> 00:34:56,508
Danny Knowles, Michael Saylor with Bitcoin did interview.

616
00:34:56,868 --> 00:34:59,288
So let's roll this clip before we get into it.

617
00:34:59,288 --> 00:35:08,148
you said uh 2025 was sort of a bad year a disappointing year for bitcoin that's how you

618
00:35:08,148 --> 00:35:11,208
started out you're like so that started that started the conversation but he didn't blow up

619
00:35:11,208 --> 00:35:17,308
at that point no i know yeah but but it but it automatically kind of put this like negative tone

620
00:35:17,308 --> 00:35:21,308
where it's like 2025 was a pretty bad year for is a dis i think you said called it a disappointing

621
00:35:21,308 --> 00:35:26,968
year for bitcoin i think i said bitcoin price i i don't think you said price i think i think you

622
00:35:26,968 --> 00:35:31,128
just said maybe not maybe anyway but uh so he's like whoa whoa whoa it was anything but disappointed

623
00:35:31,128 --> 00:35:36,388
he went on this rant like we made a new all-time high in q4 yeah and so then it kind of threw him

624
00:35:36,388 --> 00:35:41,348
on his heels but uh it seemed like i ran it through uh ai to figure out and it seemed like

625
00:35:41,348 --> 00:35:47,828
the crux of the matter the argument back and forth with you guys was if a company drops below

626
00:35:47,828 --> 00:35:52,428
one times m nav how does it recover it was kind of that so i think you were trying to get him to

627
00:35:52,428 --> 00:35:55,988
answer that he wouldn't answer it that was actually a little later i think i've actually i've not

628
00:35:55,988 --> 00:36:01,828
listen back. But I think the first question that set him off was me basically saying how many

629
00:36:01,828 --> 00:36:08,008
treasury companies can the market sustain? Because if you look at it right now, it doesn't seem like

630
00:36:08,008 --> 00:36:13,908
it can sustain 200 companies. Almost all of them are trading below 1X MNAV. And it was really like,

631
00:36:14,028 --> 00:36:17,208
who do you think, how many people are going to be real winners out of this?

632
00:36:17,628 --> 00:36:24,068
He got a bit offended by that question. He's so smart. You know. I mean, I've been to his house

633
00:36:24,068 --> 00:36:29,548
multiple times. I've had dinner with him three or four times. We're not friends. He's, you know,

634
00:36:29,568 --> 00:36:33,888
how like, he's very difficult to talk to because his mind is like here. Right. But I think maybe

635
00:36:33,888 --> 00:36:38,868
he's so smart and analytical that maybe you guys were like talking past each other. Yep. I could

636
00:36:38,868 --> 00:36:43,308
give you a layman's version as to why there could be 10,000 of them. But if you'd like,

637
00:36:43,548 --> 00:36:48,968
it was basically a thing I was most shocked about is that it was that question that set him off on

638
00:36:48,968 --> 00:36:53,648
me. And I've had a few people being like, he wasn't shouting at you. It was more of like a

639
00:36:53,648 --> 00:36:57,588
broader audience that is like skeptical on treasury companies. I don't know. I took it like

640
00:36:57,588 --> 00:37:02,128
he was shouting at me during the interview. Um, and I was just like, I had far harder questions

641
00:37:02,128 --> 00:37:06,308
I wanted to ask him, but I was like, well, if that's caused a blow up, maybe, uh, yeah,

642
00:37:06,308 --> 00:37:07,608
I kind of wish I'd asked harder questions.

643
00:37:13,928 --> 00:37:14,788
You guys are muted.

644
00:37:17,668 --> 00:37:18,488
What'd you think?

645
00:37:18,488 --> 00:37:28,048
So I'm team sailor on this. I think it's really hard to build in Bitcoin. And you can have a

646
00:37:28,048 --> 00:37:31,428
conversation about like, he's not, you know, some people think like, well, he's not really building

647
00:37:31,428 --> 00:37:37,068
in Bitcoin. He's building in Wall Street, whatever. But if you really like narrow down the list of

648
00:37:37,068 --> 00:37:45,668
people that are building in Bitcoin and trying to increase access and adoption, whether that is

649
00:37:45,668 --> 00:37:51,868
through Wall Street or Main Street. It's still a really short list, especially in the United States.

650
00:37:52,048 --> 00:37:59,988
And I think Danny triggered Sailor's autism and that he is just, it's like, it's like the next

651
00:37:59,988 --> 00:38:04,968
deep sigh moment. You know, you have that famous clip of him like, and he's like, oh, here we go

652
00:38:04,968 --> 00:38:14,908
again. But instead of like, I think it's a similar moment and that he is probably really sick of the

653
00:38:14,908 --> 00:38:20,948
criticism and the endless exhaustive, like, and I say this because I kind of identify with this,

654
00:38:21,028 --> 00:38:26,548
like, I am so sick of people who are not doing anything. That's not to say Danny's not doing

655
00:38:26,548 --> 00:38:32,548
anything. But like, I think if I could summarize Saylor's response, it was kind of like,

656
00:38:33,048 --> 00:38:39,428
like, go build something like, like, stop with the criticism, stop. Like, Bitcoin has so much

657
00:38:39,428 --> 00:38:46,908
attack from outside, from Wall Street, from banks, from governments. There are so many people coming

658
00:38:46,908 --> 00:38:51,508
at us, especially if you're trying to build and deal with regulation and all of that.

659
00:38:51,508 --> 00:38:58,628
It is endlessly exhausting. And I think that Saylor was maybe just a little bit frustrated,

660
00:38:58,808 --> 00:39:05,228
like, yo, we're supposed to be on the same team. Let's look at this from a positive way. I think

661
00:39:05,228 --> 00:39:10,628
he really believes that he is having a positive impact on like the future of humanity and that

662
00:39:10,628 --> 00:39:16,148
that's his goal and that he believes that. And so it's just sort of like, come on, man, like,

663
00:39:16,608 --> 00:39:21,708
I'm so sick of defending myself and my products and my efforts and all of these things. Like,

664
00:39:22,008 --> 00:39:28,688
why is it coming from you too? It's where I think Sailor was coming from. And if that's accurate,

665
00:39:28,828 --> 00:39:33,888
then I totally agree. Like, I don't know, we need to support each other. And that's not to say that

666
00:39:33,888 --> 00:39:37,108
We shouldn't have debate and questions and things like that.

667
00:39:37,108 --> 00:39:41,468
But I think Danny just sort of like triggered something and it set sailor off.

668
00:39:41,548 --> 00:39:44,228
And in my opinion, that's kind of where it was coming from.

669
00:39:44,848 --> 00:39:46,148
Yeah, I agree with everything you said.

670
00:39:46,268 --> 00:39:49,508
I think, though, I don't think it was anything that Danny said.

671
00:39:49,568 --> 00:39:53,908
I think if I had to speculate that Michael Saylor came in there with that agenda.

672
00:39:54,208 --> 00:39:54,648
Sure.

673
00:39:54,888 --> 00:39:58,388
To use Danny as the foil for everything you just said.

674
00:39:58,408 --> 00:39:58,728
Right.

675
00:39:59,028 --> 00:40:00,248
And I don't think it was personal.

676
00:40:00,588 --> 00:40:01,388
No, not at all.

677
00:40:01,388 --> 00:40:04,648
There were some times where maybe I could see how Danny took it personally.

678
00:40:04,908 --> 00:40:05,268
Sure.

679
00:40:06,088 --> 00:40:10,928
Because he was in the conversation and Michael's addressing him by name.

680
00:40:11,088 --> 00:40:11,388
Right.

681
00:40:12,288 --> 00:40:14,808
But I think it goes to some...

682
00:40:14,808 --> 00:40:18,688
I think Danny has had shows that have been sort of taking...

683
00:40:18,688 --> 00:40:21,848
Objectively took a positive and negative view of MSTR.

684
00:40:22,248 --> 00:40:26,468
He did recently this summer have a show called Is MSTR a Ponzi?

685
00:40:26,908 --> 00:40:28,368
Oh, I don't think I saw that.

686
00:40:28,548 --> 00:40:29,208
With Lynn Alden.

687
00:40:29,208 --> 00:40:34,608
And so I think, but a month ago we did have Fong on, the CEO of strategy.

688
00:40:34,708 --> 00:40:35,588
So we've done both.

689
00:40:35,668 --> 00:40:35,968
Right.

690
00:40:36,308 --> 00:40:38,348
But I think so I was like, you're going to come into my house.

691
00:40:38,448 --> 00:40:38,848
Sure.

692
00:40:39,768 --> 00:40:40,028
Right.

693
00:40:40,028 --> 00:40:44,168
Run shows calling me a Ponzi and I'm tired of taking the friendly fire.

694
00:40:44,688 --> 00:40:44,888
Yeah.

695
00:40:45,428 --> 00:40:49,828
But I don't think of it just in general,

696
00:40:49,908 --> 00:40:51,768
and this is not about Michael Saylor and strategy,

697
00:40:51,888 --> 00:40:54,268
but I don't know if it is to me.

698
00:40:54,368 --> 00:40:58,408
I think no one, nothing is beyond approach or in the Bitcoin scene.

699
00:40:58,408 --> 00:41:00,168
And I don't care if there's friendly fire.

700
00:41:00,368 --> 00:41:00,648
Right.

701
00:41:00,748 --> 00:41:01,408
In a way.

702
00:41:01,748 --> 00:41:02,768
I shouldn't say that.

703
00:41:02,848 --> 00:41:04,948
I mean, that sounds caustic, but.

704
00:41:05,648 --> 00:41:10,848
I mean, I don't disagree with you because like I would say like you, I completely agree.

705
00:41:10,928 --> 00:41:13,948
There should not, there should be, nothing is off the table.

706
00:41:14,048 --> 00:41:15,568
Nothing can not be questioned.

707
00:41:16,568 --> 00:41:20,948
But at the same time, we're human, right?

708
00:41:20,968 --> 00:41:23,288
No matter how autistic we might be, we are human.

709
00:41:23,288 --> 00:41:37,488
And it is exhausting dealing with the backlash and the pushback and the regulation and the negativity and the, you know, sometimes you just want to be like, like, what, what the fuck are you doing?

710
00:41:37,648 --> 00:41:40,988
And I agree completely that it wasn't personal to Danny.

711
00:41:41,168 --> 00:41:44,108
I think really Danny was sort of collateral damage.

712
00:41:45,168 --> 00:41:45,368
Yeah.

713
00:41:45,368 --> 00:41:56,708
I think Mark makes a very interesting point there because I could see I'm just mulling it over and it's I never try to bring a guest on the show to kind of ask them the tough questions.

714
00:41:56,708 --> 00:42:06,748
Like, I mean, like to be like, I know they disagree or I know they don't feel this way and make them unless they want to they want to sort of address that.

715
00:42:07,628 --> 00:42:07,768
Yeah.

716
00:42:07,848 --> 00:42:11,308
Maybe it's a different thing if you have like a pre-production conversation.

717
00:42:11,448 --> 00:42:13,588
You say I'm going to like line fire.

718
00:42:13,588 --> 00:42:14,468
Do we want to present this to the audience?

719
00:42:14,468 --> 00:42:18,428
She wanted the opportunity to kind of address this.

720
00:42:18,528 --> 00:42:20,288
But I think maybe looking back on it,

721
00:42:20,288 --> 00:42:22,928
I was like, I have addressed this on CNBC a lot.

722
00:42:23,168 --> 00:42:23,528
Yes.

723
00:42:23,768 --> 00:42:26,948
Why do this in public in front of our people?

724
00:42:27,248 --> 00:42:28,968
In his own home, like you said.

725
00:42:28,988 --> 00:42:29,328
Yeah.

726
00:42:29,628 --> 00:42:32,568
And there's a different way to maybe, yeah, go back.

727
00:42:32,588 --> 00:42:33,228
It's very interesting.

728
00:42:33,328 --> 00:42:33,668
I don't know.

729
00:42:33,768 --> 00:42:34,108
It is.

730
00:42:34,208 --> 00:42:35,048
It's interesting.

731
00:42:35,448 --> 00:42:37,448
I love a Sailor Deep sigh.

732
00:42:37,448 --> 00:42:40,288
And I think we kind of got another one of those.

733
00:42:40,568 --> 00:42:41,668
It gets so meta, though,

734
00:42:41,668 --> 00:42:43,768
when the next guest is asking Danny

735
00:42:43,768 --> 00:42:46,408
about the last guest and the controversy.

736
00:42:46,808 --> 00:42:47,828
It's kind of interesting.

737
00:42:48,508 --> 00:42:50,308
A little high school, but...

738
00:42:50,308 --> 00:42:52,268
All right, let's move on to the next topic here.

739
00:42:52,908 --> 00:42:56,568
U.S. freezes visa processing for 75 countries.

740
00:42:57,228 --> 00:42:58,388
What do you think of this machine?

741
00:42:58,388 --> 00:42:59,528
What do you think of this?

742
00:43:00,088 --> 00:43:01,128
I'll tell you what I think.

743
00:43:01,468 --> 00:43:02,768
I'm dying to know what you think.

744
00:43:02,888 --> 00:43:05,188
I mean, this just seems par for the course.

745
00:43:05,288 --> 00:43:06,228
I don't know what else to think.

746
00:43:06,368 --> 00:43:09,188
I mean, of course, this strengthens the case for Bitcoin.

747
00:43:09,348 --> 00:43:10,548
I don't know if people are paying attention.

748
00:43:10,548 --> 00:43:12,128
I mean, we went through the Canadian truckers.

749
00:43:12,488 --> 00:43:12,608
Right.

750
00:43:12,788 --> 00:43:16,728
And that was a very worthy cause, obviously.

751
00:43:16,948 --> 00:43:18,928
And they were putting through unjust persecution.

752
00:43:19,268 --> 00:43:20,648
And their lives were at stake.

753
00:43:20,828 --> 00:43:22,388
And I don't think people cared enough.

754
00:43:23,008 --> 00:43:24,388
No, I agree completely.

755
00:43:24,688 --> 00:43:29,108
That was one of the things that really drove me much more deeply into Bitcoin.

756
00:43:30,008 --> 00:43:31,148
I agree with you.

757
00:43:31,268 --> 00:43:33,448
Of course, it strengthens the case for Bitcoin.

758
00:43:34,088 --> 00:43:36,448
But I do agree with it.

759
00:43:36,608 --> 00:43:38,008
And this may be a hot take.

760
00:43:38,088 --> 00:43:39,088
I don't know if people are going to be angry.

761
00:43:39,088 --> 00:43:41,288
But like, I believe in borders.

762
00:43:41,288 --> 00:43:43,068
I believe that we should have borders.

763
00:43:43,808 --> 00:43:46,728
And like, I'm okay with this.

764
00:43:46,768 --> 00:43:47,668
I don't understand.

765
00:43:47,848 --> 00:43:52,088
Like, we can't just open the country to an influx of.

766
00:43:52,608 --> 00:43:54,348
So maybe tell me more about what happened.

767
00:43:54,348 --> 00:43:57,348
They won't let certain countries use visa now.

768
00:43:57,428 --> 00:43:58,648
Is that kind of like,

769
00:43:58,708 --> 00:44:00,468
then they won't let them on the fiat rails for credit?

770
00:44:00,628 --> 00:44:02,548
Well, they're not issuing visas.

771
00:44:02,988 --> 00:44:05,128
So you can't, you know, you need a visa to come,

772
00:44:05,348 --> 00:44:07,728
whether you're visiting or coming to reside.

773
00:44:07,728 --> 00:44:09,208
I believe

774
00:44:09,208 --> 00:44:12,468
I completely misread this topic

775
00:44:12,468 --> 00:44:14,768
I'm thinking Visa the processing company

776
00:44:14,768 --> 00:44:16,768
so this is the Visa the credit card

777
00:44:16,768 --> 00:44:18,348
this is entry

778
00:44:18,348 --> 00:44:19,708
to enter the country

779
00:44:19,708 --> 00:44:20,888
okay so then

780
00:44:20,888 --> 00:44:23,048
wow

781
00:44:23,048 --> 00:44:25,848
so it's a pretty big crackdown

782
00:44:25,848 --> 00:44:28,348
I'm trying to think

783
00:44:28,348 --> 00:44:30,308
does this strengthen the case for borderless money

784
00:44:30,308 --> 00:44:32,508
like Bitcoin where people would be crossing less borders

785
00:44:32,508 --> 00:44:34,268
because they can't come

786
00:44:34,268 --> 00:44:35,428
that's an interesting question

787
00:44:35,428 --> 00:44:37,628
I mean, they're still stuck on their own rails.

788
00:44:37,908 --> 00:44:38,428
This is...

789
00:44:39,028 --> 00:44:42,368
But borderless money requires borders, right?

790
00:44:42,468 --> 00:44:44,988
So like it's not anti-Bitcoin to believe in borders.

791
00:44:45,608 --> 00:44:45,808
Right.

792
00:44:45,928 --> 00:44:47,308
If anything, this that you want,

793
00:44:47,388 --> 00:44:49,188
now people have to sneak across the border

794
00:44:49,188 --> 00:44:50,988
and it enforces the case for Bitcoin

795
00:44:50,988 --> 00:44:53,428
because they're going to try to go across the border

796
00:44:53,428 --> 00:44:55,168
undetected in various ways.

797
00:44:55,368 --> 00:44:57,128
And yeah, I don't know.

798
00:44:57,208 --> 00:44:57,408
All right.

799
00:44:57,468 --> 00:44:58,708
I think we should move on.

800
00:44:58,768 --> 00:44:59,428
We can move on.

801
00:44:59,488 --> 00:44:59,608
Yeah.

802
00:45:01,008 --> 00:45:02,328
Oh, play this clip.

803
00:45:02,728 --> 00:45:03,388
This one's good.

804
00:45:03,388 --> 00:45:16,128
If you said to me when I was a kid, listen, the Danish government is going to be preparing for a military invasion by the United States of their sovereign territory.

805
00:45:16,128 --> 00:45:23,128
And their prime minister is going to be telling their army officers shoot to kill in the event of an invasion.

806
00:45:23,128 --> 00:45:28,968
We're going to treat this like it's a Nazi invasion or you pick a bad guy invasion entering.

807
00:45:28,968 --> 00:45:33,388
and if you had said to me that there was going to be a government in the United States

808
00:45:33,388 --> 00:45:41,088
that would say that a NATO, a member of NATO, that they wanted to take their territory and

809
00:45:41,088 --> 00:45:47,288
that every option was on the table, including a military option to take their territory,

810
00:45:47,288 --> 00:45:51,288
I would have said, okay, that's certainly not going to happen in my lifetime. We have

811
00:45:51,288 --> 00:45:57,728
a predictable democracy, a rules-based society, and the United States, whether you like the

812
00:45:57,728 --> 00:46:01,748
United States are just like the United States. There's more evidence than not that it's been

813
00:46:01,748 --> 00:46:08,008
roughly trying to do the right thing since the end of the Second World War. Are we imperfect? Yes.

814
00:46:08,088 --> 00:46:15,368
Is there racism, tribalism, host of issues, all the issues you expect for human beings have? Yes.

815
00:46:15,868 --> 00:46:21,508
But are we searching as an aspirational country to try to be a better country? I think we are.

816
00:46:22,128 --> 00:46:26,648
But I don't think this speaks well of the United States. If I'm being

817
00:46:27,728 --> 00:46:30,328
It's wild.

818
00:46:30,728 --> 00:46:31,688
I thought it was sobering.

819
00:46:32,008 --> 00:46:32,308
Yeah.

820
00:46:32,708 --> 00:46:35,148
I thought it was very lucid there.

821
00:46:35,488 --> 00:46:46,268
And, you know, I think I've really soured on anything that the Trump really regime has done over the last five or six months, which is the process.

822
00:46:46,668 --> 00:46:49,348
With all the interventional interventionism.

823
00:46:49,688 --> 00:46:51,288
None of this seemed to be on the table.

824
00:46:51,648 --> 00:46:51,928
Yeah.

825
00:46:51,928 --> 00:46:54,008
Or a lot of this didn't seem to be on the table during the election.

826
00:46:54,008 --> 00:46:58,528
I get things come up and things change, but it seems very the end.

827
00:46:58,628 --> 00:47:02,268
And I'm trying to look at it from objective and not having a dog in the fight.

828
00:47:02,428 --> 00:47:07,528
But obviously issue by issue, I can kind of say I like like this one to go that way.

829
00:47:07,628 --> 00:47:12,148
And, you know, but it just seems like some of the things I don't know.

830
00:47:12,248 --> 00:47:23,408
I just think that, you know, it's kind of I think a lot of people who did really support Trump and I was one of them feel that it's a betrayal of the America.

831
00:47:23,408 --> 00:47:24,908
first movement. It looks like this. Yeah.

832
00:47:25,768 --> 00:47:27,608
So even if you weren't for Trump,

833
00:47:27,748 --> 00:47:29,228
it looks like a material against

834
00:47:29,228 --> 00:47:31,208
people who were. Yeah. For sure.

835
00:47:31,328 --> 00:47:33,268
Yes. And I think it's a lot of ammo for the

836
00:47:33,268 --> 00:47:35,468
people who were anti-Trump before. Absolutely.

837
00:47:35,468 --> 00:47:37,228
And want the other candidate to win. Yeah.

838
00:47:37,528 --> 00:47:39,368
And I'm trying to then understand,

839
00:47:39,508 --> 00:47:41,068
okay, what is the objective

840
00:47:41,068 --> 00:47:43,428
in terms of the politics

841
00:47:43,428 --> 00:47:44,928
is Trump trying to get,

842
00:47:45,148 --> 00:47:47,348
not, are they

843
00:47:47,348 --> 00:47:48,588
trying to win the midterms?

844
00:47:49,568 --> 00:47:51,448
Like on one hand, I'm like, oh, maybe

845
00:47:51,448 --> 00:47:53,368
Trump works for the bad guys and he's

846
00:47:53,368 --> 00:47:54,908
getting all the dirty work done.

847
00:47:54,968 --> 00:47:55,288
Right.

848
00:47:55,448 --> 00:47:57,628
Because they don't care about the midterms.

849
00:47:58,088 --> 00:47:58,408
Yeah.

850
00:47:59,128 --> 00:47:59,808
Et cetera.

851
00:47:59,968 --> 00:48:01,208
Or does he really want to win

852
00:48:01,208 --> 00:48:02,528
so he doesn't have a lame duck,

853
00:48:02,648 --> 00:48:04,908
you know, third and fourth year?

854
00:48:05,108 --> 00:48:05,748
And so you would think,

855
00:48:05,828 --> 00:48:06,968
okay, he'd be doing things

856
00:48:06,968 --> 00:48:09,268
that make people like him more.

857
00:48:09,328 --> 00:48:09,628
Yeah.

858
00:48:10,268 --> 00:48:12,448
Domestically and internationally.

859
00:48:12,448 --> 00:48:14,068
And you would think that they would want

860
00:48:14,068 --> 00:48:15,628
the economy to sort of rev up.

861
00:48:16,188 --> 00:48:17,968
Well, we kind of talked about

862
00:48:17,968 --> 00:48:20,448
how they think the economy is revving, you know?

863
00:48:20,628 --> 00:48:21,828
They keep saying that, I guess.

864
00:48:21,908 --> 00:48:22,168
Right.

865
00:48:22,248 --> 00:48:22,988
I don't feel that.

866
00:48:22,988 --> 00:48:36,608
I think, in my opinion, Trump's biggest downfall or his biggest blind spot is that he trusts too many people and he still has too much trust in the old systems.

867
00:48:36,608 --> 00:48:45,468
And I think people have gotten around him and kind of pulled him back to this deep state globalist agenda.

868
00:48:45,968 --> 00:48:51,968
Maybe it's not globalist, but like the in the the rhino, the the interventionalist warmongers.

869
00:48:51,968 --> 00:49:03,008
I think they've got their talons in him and that he has been kind of pushed back to this Trump 1.0 version instead of the Trump 2.0 that we voted for.

870
00:49:03,148 --> 00:49:08,188
Do you think Trump actually gets to make the calls on Maduro mouthing off on Q?

871
00:49:08,228 --> 00:49:08,488
Right.

872
00:49:08,628 --> 00:49:10,708
So if he's not making the calls on these things.

873
00:49:10,788 --> 00:49:11,048
Right.

874
00:49:11,748 --> 00:49:16,948
Then it seems like there's a lot of theater to how all this gets moved along.

875
00:49:16,948 --> 00:49:24,568
Something I've really been pondering, trying to just how orderly it seems to me that AI is being rolled out.

876
00:49:24,568 --> 00:49:48,668
So do you believe there is a theory out there that looks at Vance and his connection to Palantir and sort of this theory that it's all a show and that Trump is kind of knowingly shepherding in this dystopian AI surveillance state?

877
00:49:48,668 --> 00:49:51,008
Do you feel that way?

878
00:49:51,148 --> 00:49:51,408
Yes.

879
00:49:51,408 --> 00:50:00,628
I think we saw in the last year 10 times more surveillance state development than we ever would have saw under any other regime.

880
00:50:00,688 --> 00:50:07,928
And the reason I say that is I think the regimes are used, the fake dichotomy between the two parties are done for that on purpose.

881
00:50:08,028 --> 00:50:15,708
So maybe during the Biden administration, maybe there were 10 times as more many immigrants that came over the border than another regime.

882
00:50:15,708 --> 00:50:28,548
And so it's like we're going to create the problem 10x on this side, offer you the solution on the other side, but then that side is going to come in and give a solution that creates a different 10x problem that we wouldn't have been able to.

883
00:50:28,788 --> 00:50:29,208
Do you know what I mean?

884
00:50:29,388 --> 00:50:30,948
Yeah, you make a compelling case.

885
00:50:30,948 --> 00:50:35,548
Like Trump got tax cuts for the rich during his first term that Hillary wouldn't have gone if she was president.

886
00:50:35,728 --> 00:50:36,028
Right.

887
00:50:36,768 --> 00:50:44,308
Trump was able to push the COVID vaccines and the lockdowns in a way I don't think the right would have accepted from Hillary or from Kamala.

888
00:50:44,308 --> 00:50:47,808
I think the border issue was prevalent during the Biden administration.

889
00:50:49,128 --> 00:50:53,928
This is a black pill night to night, Cedric.

890
00:50:54,268 --> 00:50:56,488
I mean, if you look at this Maduro, right?

891
00:50:56,668 --> 00:51:04,448
You could look at maybe the Bush family and the CIA has been involved in drug running in Venezuela since before Chavez.

892
00:51:04,808 --> 00:51:05,248
Absolutely.

893
00:51:05,568 --> 00:51:32,502
And we set up the banking system there and I really I have to believe that Trump had good intentions and that he like intended to fight the deep state And I think Trump takes incremental wins I think maybe there negotiating going on like you know the intel agencies come to him and say we are doing this And so maybe he will ask for that in return And he believes that there like a net good

894
00:51:32,502 --> 00:51:42,302
but it is a betrayal of the base it is a lot of like bad worse and worser and it's

895
00:51:42,302 --> 00:51:49,562
it just all needs to be like burned down and what i would also mean by with the ai and if you look

896
00:51:49,562 --> 00:51:55,182
back at sort of the internet there was never this wtf moment for the government or anybody to be

897
00:51:55,182 --> 00:52:03,022
like we're hoping it goes this way and holy shit ai we didn't see this coming and there's these

898
00:52:03,022 --> 00:52:07,162
it always seems to everything seems to go in a way that they would want

899
00:52:07,162 --> 00:52:13,482
the cards always fall in their favor as if the deck is not random yeah and they're just playing

900
00:52:13,482 --> 00:52:19,162
card after card right and uh you know there's some sort of i think kayfabe along the way to

901
00:52:19,162 --> 00:52:25,462
kind of and I think there's jockeying for position within the system right but nothing seems to go

902
00:52:25,462 --> 00:52:32,822
not as well the a I mean that's hard to argue but the AI thing what's interesting to me and I think

903
00:52:32,822 --> 00:52:38,682
this is maybe an argument for what you're saying which I'm not sure I agree completely or not but

904
00:52:38,682 --> 00:52:45,722
we know that AI you know every week now we're seeing all of these like new capabilities unfold

905
00:52:45,722 --> 00:52:52,602
and to me that's a bit of a show because we know that the government and the agencies have had

906
00:52:52,602 --> 00:52:58,402
ai technology for a very long time and so the question becomes like well why now why did the

907
00:52:58,402 --> 00:53:03,062
the peasants get it now so and one of the markers i could put so i got dragged into the marvel

908
00:53:03,062 --> 00:53:08,462
universe my son loves this stuff i never wanted to entertain pop culture right cinema's gone but

909
00:53:08,462 --> 00:53:13,542
i'm watching the thing and we watched this one movie i think it was iron man and it's the age

910
00:53:13,542 --> 00:53:15,322
of Ultron and they go up against

911
00:53:15,322 --> 00:53:17,642
the AI. Okay. And the AI

912
00:53:17,642 --> 00:53:19,542
is unleashed. This is a recent...

913
00:53:20,562 --> 00:53:21,422
No, this is like

914
00:53:21,422 --> 00:53:23,542
2012 or 2014. That's what

915
00:53:23,542 --> 00:53:25,502
also made this weird. Okay. Predictive

916
00:53:25,502 --> 00:53:27,342
programming. Right. So they

917
00:53:27,342 --> 00:53:29,402
know exactly where it's going. This

918
00:53:29,402 --> 00:53:31,382
movie goes further than we are now, but it's

919
00:53:31,382 --> 00:53:33,082
rolling out exactly as

920
00:53:33,082 --> 00:53:35,342
you would see it in a Hollywood film.

921
00:53:35,342 --> 00:53:37,142
Right. But in the beginning...

922
00:53:37,142 --> 00:53:39,242
Well, this movie, though, it does get out of

923
00:53:39,242 --> 00:53:41,522
control, which I'm not saying will happen

924
00:53:41,522 --> 00:53:43,122
in our world. Oh, I think it'll happen.

925
00:53:43,122 --> 00:53:47,742
But they're showing you exactly how it's going to get developed.

926
00:53:47,902 --> 00:53:49,902
If it doesn't, they're showing you both.

927
00:53:50,222 --> 00:53:52,942
But I feel like we're on the track where it doesn't get out of control.

928
00:53:53,602 --> 00:53:59,042
And there's never that moment where I think if it gets out of control, it's not going to be out of their control.

929
00:53:59,562 --> 00:54:02,642
They might present you a situation where it's out of our control.

930
00:54:02,942 --> 00:54:05,062
But I don't think there's going to be this.

931
00:54:05,062 --> 00:54:07,022
And that's my proof that they are.

932
00:54:07,182 --> 00:54:11,902
If they can control it, then it's not really the real.

933
00:54:11,902 --> 00:54:15,722
We don't have the full truth of what's going on.

934
00:54:15,742 --> 00:54:18,562
Right, but that's why they're able to manage it so well

935
00:54:18,562 --> 00:54:20,702
because they're only unrolling a limited amount

936
00:54:20,702 --> 00:54:23,042
and they're hundreds of years ahead of how far it can be.

937
00:54:23,042 --> 00:54:23,462
Oh, no doubt.

938
00:54:23,962 --> 00:54:24,142
Yeah.

939
00:54:24,502 --> 00:54:26,482
And it just goes as planned.

940
00:54:26,642 --> 00:54:26,962
Right.

941
00:54:27,062 --> 00:54:29,222
Because they have it managed so well.

942
00:54:31,122 --> 00:54:32,842
They're like holding it back in a way.

943
00:54:33,002 --> 00:54:34,682
It never even gets out too early.

944
00:54:35,022 --> 00:54:35,342
Right.

945
00:54:36,342 --> 00:54:37,722
There's no leaks.

946
00:54:37,982 --> 00:54:40,282
There's no catastrophes.

947
00:54:40,282 --> 00:54:43,622
You know, there have been a couple little things that have gone wrong, but not really.

948
00:54:44,042 --> 00:54:46,422
And I'm talking about across many, many fields now.

949
00:54:46,422 --> 00:54:46,662
Yeah.

950
00:54:47,022 --> 00:54:47,302
Yeah.

951
00:54:47,342 --> 00:54:49,842
But AI just being the latest that we see.

952
00:54:50,042 --> 00:54:50,322
I don't know.

953
00:54:50,922 --> 00:54:51,502
All right.

954
00:54:51,522 --> 00:54:53,902
Let's maybe get on to the next topic.

955
00:54:53,902 --> 00:54:57,102
We got to find a positive note this afternoon.

956
00:54:57,382 --> 00:54:57,722
I don't know.

957
00:54:57,782 --> 00:54:58,182
We'll try.

958
00:54:59,402 --> 00:55:01,902
We are in the prepper's shed here.

959
00:55:03,082 --> 00:55:05,542
Let's go on to the technical setup.

960
00:55:05,542 --> 00:55:13,122
Do you think 26 will be the year many assume 2025 will be?

961
00:55:13,942 --> 00:55:19,722
I don't know if it's this year, but I do think Bitcoin is due for a parabolic run.

962
00:55:19,962 --> 00:55:25,602
And whether it's this year or next year or a few more years from now, it's going to be

963
00:55:25,602 --> 00:55:27,202
epic and I can't wait.

964
00:55:27,802 --> 00:55:28,462
What about you?

965
00:55:28,462 --> 00:55:34,402
Do you think we're going to get a parabolic run or that it's just slow and steady, slowly

966
00:55:34,402 --> 00:55:34,862
up?

967
00:55:35,542 --> 00:55:38,602
Well, this to me feels another thing that's very managed.

968
00:55:39,242 --> 00:55:39,322
Really?

969
00:55:39,542 --> 00:55:45,302
I would never have imagined this price point in any scenarios that I ran.

970
00:55:45,462 --> 00:55:49,642
And that doesn't mean that I tried to run scenarios that are not all positive.

971
00:55:49,882 --> 00:55:50,182
Sure.

972
00:55:51,802 --> 00:55:58,662
If anything, if we were going to be not, again, at all-time high or below $100,000, I had much more negative scenarios.

973
00:55:59,342 --> 00:56:03,462
In my mind, I was attributing more weight, almost more negative, much more negative scenarios.

974
00:56:03,462 --> 00:56:04,662
I didn't have the in-between.

975
00:56:05,322 --> 00:56:05,422
Right.

976
00:56:05,542 --> 00:56:10,342
So do you think it's being it's price manipulation or control or suppression?

977
00:56:10,882 --> 00:56:12,862
So mind you, my gut is probably wrong.

978
00:56:13,202 --> 00:56:13,802
That's all right.

979
00:56:13,862 --> 00:56:16,062
But I think, yeah, it just feels manipulated.

980
00:56:16,402 --> 00:56:18,062
It doesn't feel real to me.

981
00:56:18,102 --> 00:56:19,302
It feels held back.

982
00:56:19,822 --> 00:56:21,182
But maybe that's my naivety.

983
00:56:21,342 --> 00:56:22,982
Maybe I had wrong assumptions.

984
00:56:23,102 --> 00:56:27,402
I mean, I still think that this is not me crying and spilled milk.

985
00:56:27,862 --> 00:56:32,282
I still think this is amazing that Bitcoin's at this price point.

986
00:56:32,282 --> 00:56:39,862
And so in some ways, I feel like 2026 is literally like, I feel like they've sped up the timeline, whoever manages the matrix.

987
00:56:40,342 --> 00:56:45,182
And 2026 feels like we're just going to repeat 2025 in every way possible.

988
00:56:46,082 --> 00:56:52,362
But I don't think we'll get the, just like everyone expected big things for Bitcoin price in 2025.

989
00:56:52,682 --> 00:56:54,042
I, again, expect that.

990
00:56:54,202 --> 00:56:54,422
Yeah.

991
00:56:54,522 --> 00:56:56,242
But what we all expect will not happen.

992
00:56:56,322 --> 00:56:58,542
So I don't know how we won't get what we expect.

993
00:56:58,782 --> 00:56:59,042
Right.

994
00:56:59,042 --> 00:57:01,962
But of course, I look at this year, like, how could you not be more bullish?

995
00:57:02,282 --> 00:57:09,482
Exactly like last year, but 10 times more development and real good news and infrastructure has been built.

996
00:57:09,602 --> 00:57:10,082
Sure.

997
00:57:10,462 --> 00:57:14,182
Do they call that technicals, like strong technicals, people say?

998
00:57:14,362 --> 00:57:15,562
Everything you could point to.

999
00:57:15,702 --> 00:57:19,842
We're going through what looks like could be a better macro environment.

1000
00:57:20,062 --> 00:57:20,262
Yeah.

1001
00:57:20,562 --> 00:57:24,582
The technicals and fundamentals behind Bitcoin look better.

1002
00:57:25,082 --> 00:57:26,122
Adoption looks better.

1003
00:57:27,222 --> 00:57:29,542
There's less, I think, liquid coins.

1004
00:57:29,542 --> 00:57:35,762
but all this can change and sentiment can change and you know so well it never does what we think

1005
00:57:35,762 --> 00:57:41,682
it's going to do that's for sure so i don't know if it happens this year but so i have to train

1006
00:57:41,682 --> 00:57:45,382
myself i don't i want to think it's not going to do anything because then it will then i have a

1007
00:57:45,382 --> 00:57:50,822
chance maybe we'll do something yeah um so i'm trying not to have expectations yeah i mean i

1008
00:57:50,822 --> 00:57:58,602
have a very long term time horizon so we might have another slow boring year i mean it's funny

1009
00:57:58,602 --> 00:58:03,002
if you go back a few years and tell us we would be bored around 90,000.

1010
00:58:03,442 --> 00:58:04,382
But here we are.

1011
00:58:04,702 --> 00:58:10,122
But I do think inevitably there will be an epic parabolic run.

1012
00:58:10,262 --> 00:58:13,282
And in many ways, I think the longer it takes, the better,

1013
00:58:13,642 --> 00:58:15,802
because it gives people more time to accumulate.

1014
00:58:16,102 --> 00:58:16,362
I agree.

1015
00:58:16,462 --> 00:58:17,742
So we should be more excited.

1016
00:58:17,742 --> 00:58:20,102
You should have the free year, the bonus year,

1017
00:58:20,282 --> 00:58:22,642
to acquire more Bitcoin than you probably ever.

1018
00:58:22,742 --> 00:58:24,282
Any of the scenarios I was running through my head,

1019
00:58:24,322 --> 00:58:25,542
I would have had less opportunity.

1020
00:58:25,802 --> 00:58:26,122
Yes.

1021
00:58:26,162 --> 00:58:28,422
Except maybe in the more drastically negative ones.

1022
00:58:28,422 --> 00:58:30,882
which I did not ascribe a large probability to.

1023
00:58:31,442 --> 00:58:32,302
So I don't know.

1024
00:58:32,542 --> 00:58:34,882
You know, the hardest thing for people to do

1025
00:58:34,882 --> 00:58:36,242
is to do nothing, right?

1026
00:58:36,322 --> 00:58:38,202
Like we want some kind of action,

1027
00:58:38,462 --> 00:58:40,922
but that's not always the best scenario.

1028
00:58:41,282 --> 00:58:45,122
So it's a conflicting desire.

1029
00:58:45,582 --> 00:58:46,402
Sure, I agree.

1030
00:58:46,862 --> 00:58:48,642
All right, I think we have a couple of bonus tweets

1031
00:58:48,642 --> 00:58:49,542
to get into here.

1032
00:58:49,742 --> 00:58:51,942
Please hit like and subscribe if you're enjoying the show.

1033
00:58:52,062 --> 00:58:54,322
This is Bitcoin Center brought to you by Byte Federal.

1034
00:58:54,722 --> 00:58:55,722
Go bank yourself.

1035
00:58:56,362 --> 00:58:56,842
Fuck yeah.

1036
00:58:56,842 --> 00:58:57,562
All right.

1037
00:58:57,562 --> 00:59:01,382
So let me see if I can pull up these tweets here.

1038
00:59:04,462 --> 00:59:06,542
Bitcoin Twitter is not dead yet.

1039
00:59:06,682 --> 00:59:13,602
The first one, this one is from Health Ranger, and he says Infowars is now reporting that

1040
00:59:13,602 --> 00:59:18,022
insider sources say Trump will declare the Insurrection Act next week.

1041
00:59:18,562 --> 00:59:19,222
I saw that.

1042
00:59:19,262 --> 00:59:20,322
This is right on schedule.

1043
00:59:20,502 --> 00:59:21,482
Trump will declare it.

1044
00:59:21,502 --> 00:59:23,802
The radical left will amp up their uprising.

1045
00:59:24,442 --> 00:59:27,622
ICE will be told to start shooting people, even more, who resist.

1046
00:59:28,122 --> 00:59:35,802
This will, by design, result in a domestic civil war situation brewing hot across 20-plus U.S. cities by the summer months,

1047
00:59:36,122 --> 00:59:42,942
at which point Trump will deploy the U.S. military to oversee the midterm elections, citing safety concerns for the public.

1048
00:59:43,442 --> 00:59:45,662
This will stop the Democrats from cheating.

1049
00:59:46,382 --> 00:59:52,062
And if this takes place, as I expect, the Dems will do horribly in the election, since they can only win by cheating.

1050
00:59:52,842 --> 00:59:56,662
The cost of this operation, blood in the streets of America, civil revolt.

1051
00:59:57,162 --> 01:00:01,202
And if Trump doesn't arrest the blue city mayors and blue state governors who pushed the revolt,

1052
01:00:01,602 --> 01:00:06,922
then everything just reverts back to Democrat control a few years later and the entire Trump family goes to prison.

1053
01:00:07,282 --> 01:00:11,722
So what you're really seeing here, my analysis, not my endorsement, and again, this is Health Ranger,

1054
01:00:12,142 --> 01:00:17,022
is a final tribal war for control over America where Democrats want a giant money laundering machine

1055
01:00:17,022 --> 01:00:20,002
and a censorship regime that destroys the Bill of Rights.

1056
01:00:20,002 --> 01:00:31,982
And Trump wants a big tech, big farmer regime that surveils the American people, achieves depopulation through jabs and toxic medications, and keeps everybody in line with federal agents on the streets demanding show me your papers.

1057
01:00:32,542 --> 01:00:33,982
The tyranny continues.

1058
01:00:34,302 --> 01:00:38,022
The tyranny will continue until the dollar collapses, no matter who sits in the White House.

1059
01:00:38,662 --> 01:00:41,102
This nation is now under tribal control more than ever.

1060
01:00:41,222 --> 01:00:45,882
And the tribes are warring like two Godzilla monsters wrecking the cities and stomping all over the people.

1061
01:00:46,422 --> 01:00:48,782
Try to steer clear as the battle rages.

1062
01:00:48,782 --> 01:00:56,582
well we just got even more doomer didn't we well i mean what do you what do you think i think

1063
01:00:56,582 --> 01:01:03,682
you know what this might be a hot take but i wish that would happen i think that trump is not

1064
01:01:03,682 --> 01:01:12,762
ruthless enough like like the the left is ruthless when they're in power and then the right gets in

1065
01:01:12,762 --> 01:01:18,322
power and i know you talk a lot about thinking it it's by design and it's for show and i think that

1066
01:01:18,322 --> 01:01:23,682
this kind of makes the case to support that, that like, maybe it is all for show because

1067
01:01:23,682 --> 01:01:31,662
if we, if the other side of the right was anywhere near as ruthless as the left claims

1068
01:01:31,662 --> 01:01:33,942
that they are, we wouldn't have any of these problems.

1069
01:01:33,942 --> 01:01:38,942
It would just be like, we're deporting all these people, you know, you're resisting ICE,

1070
01:01:39,022 --> 01:01:39,762
you're going to jail.

1071
01:01:39,882 --> 01:01:42,582
It would be a lot more, I mean, maybe it's tyrannical.

1072
01:01:42,702 --> 01:01:42,982
I don't know.

1073
01:01:43,022 --> 01:01:47,642
I think it's not that insane to think people should just follow the laws that we have.

1074
01:01:47,642 --> 01:01:53,962
and well yeah that's where i think we slightly differ i think if the left it's like saying if

1075
01:01:53,962 --> 01:01:57,342
like my enemy didn't have a left arm all this would go away and it's like your enemy's like

1076
01:01:57,342 --> 01:02:02,222
i'll just try swinging with my right only so i think like they're two arms of the same body the

1077
01:02:02,222 --> 01:02:08,202
left you think yeah the left and it's just so they both want to mess you up yeah and one's like i'll

1078
01:02:08,202 --> 01:02:12,182
do it this way the other one's like i'll do it that way and if you it's kind of like i see it as

1079
01:02:12,182 --> 01:02:15,322
if someone in your neighborhood,

1080
01:02:15,522 --> 01:02:18,262
their wife gets murdered by their enemy

1081
01:02:18,262 --> 01:02:20,502
and that person comes to you and says,

1082
01:02:20,602 --> 01:02:23,502
look, they killed my wife.

1083
01:02:23,802 --> 01:02:24,502
This is horrible.

1084
01:02:25,062 --> 01:02:27,282
We should take up arms and go kill them.

1085
01:02:27,562 --> 01:02:27,922
Right.

1086
01:02:28,322 --> 01:02:32,382
And he doesn't tell you that he killed that guy's wife last week.

1087
01:02:32,742 --> 01:02:33,122
Yeah.

1088
01:02:33,382 --> 01:02:36,042
And both guys have a legitimate gripe with each other

1089
01:02:36,042 --> 01:02:37,342
and they're both gangsters.

1090
01:02:37,502 --> 01:02:37,802
Yeah.

1091
01:02:38,042 --> 01:02:40,422
And I'm not, that's the part I get.

1092
01:02:40,422 --> 01:02:43,142
I want to just try to steer clear as the battle rages.

1093
01:02:43,442 --> 01:02:45,622
I'm glad to live in Florida.

1094
01:02:46,522 --> 01:02:48,842
Yeah, but this could come to Florida.

1095
01:02:49,022 --> 01:02:50,662
Any of these things, any of these issues

1096
01:02:50,662 --> 01:02:53,362
that they use to divide and conquer us.

1097
01:02:53,482 --> 01:02:53,722
Right.

1098
01:02:54,502 --> 01:02:55,422
See, I...

1099
01:02:56,382 --> 01:02:56,982
Yeah.

1100
01:02:58,442 --> 01:02:59,822
So, I don't know.

1101
01:03:00,422 --> 01:03:02,282
I think we get through all this.

1102
01:03:02,542 --> 01:03:04,342
We will get through all of this.

1103
01:03:04,522 --> 01:03:07,082
But I also, I think, though,

1104
01:03:07,082 --> 01:03:12,682
I worry about how many people will actually be free at the end of all this, though.

1105
01:03:12,762 --> 01:03:13,902
It's not going to be a lot of them.

1106
01:03:14,102 --> 01:03:15,582
That's a sliding scale, right?

1107
01:03:15,622 --> 01:03:15,762
Absolutely.

1108
01:03:15,762 --> 01:03:19,822
So I'm hoping 100% of people that Bitcoin frees humanity.

1109
01:03:20,342 --> 01:03:24,282
And I think that might be a very naive take, the way the internet hasn't freed humanity.

1110
01:03:24,442 --> 01:03:24,582
Right.

1111
01:03:24,582 --> 01:03:25,702
It's done a lot for some.

1112
01:03:26,262 --> 01:03:27,742
A lot of people want to be enslaved.

1113
01:03:28,382 --> 01:03:30,642
A lot of people want to be enslaved or don't know they're enslaved.

1114
01:03:30,802 --> 01:03:32,642
And that can be used against them at the same time.

1115
01:03:32,822 --> 01:03:34,282
And so I don't know.

1116
01:03:34,442 --> 01:03:35,422
We'll see how it goes.

1117
01:03:35,422 --> 01:03:36,582
I got one more here.

1118
01:03:37,082 --> 01:03:44,762
Um, this, so how many of you are aware prediction markets were a former DARPA project like Facebook?

1119
01:03:45,222 --> 01:03:46,882
Oh, shit. I didn't know that.

1120
01:03:46,882 --> 01:03:54,402
Um, per the CIA, per the CIA website in 2001, the defense advanced research project agency

1121
01:03:54,402 --> 01:03:59,262
DARPA started experimenting with methods for applying DARPA's future markets applied to

1122
01:03:59,262 --> 01:04:04,302
prediction future map program tested whether prediction markets, markets in which people

1123
01:04:04,302 --> 01:04:08,922
bet on the likelihood of future events could be used to improve upon existing approaches

1124
01:04:08,922 --> 01:04:11,482
to, to preparing strategic intelligence.

1125
01:04:11,482 --> 01:04:17,922
the program was canceled in the summer of 2003 under a barrage of congressional um criticism

1126
01:04:17,922 --> 01:04:23,802
but was it what do you mean no probably not no this is polymark that's what i mean this is what

1127
01:04:23,802 --> 01:04:28,802
i think it's really weird like when breaking iranian regimes this polymarket tweeting out

1128
01:04:28,802 --> 01:04:34,282
iranian regime security forces have lost nearly all control of iran's capital city city tehran

1129
01:04:34,282 --> 01:04:38,222
second largest city in the fifth largest city like how does polymarket know this

1130
01:04:38,222 --> 01:04:43,842
right why are they disseminating like who is clearing that it seems like almost like a modern

1131
01:04:43,842 --> 01:04:50,602
like somehow like a like a new incarnation of like wikileaks or it's the simulation like showing you

1132
01:04:50,602 --> 01:04:56,562
its structure but also getting people to report on themselves yeah and to tell tell this decentralized

1133
01:04:56,562 --> 01:05:03,122
uh thing how they feel and what they think's gonna happen unless it's all controlled and

1134
01:05:03,122 --> 01:05:10,122
poly market is like informing the masses and driving them like like right if you don't yeah

1135
01:05:10,122 --> 01:05:16,382
like if they want everybody to believe x right you know they'll put x up against y and then

1136
01:05:16,382 --> 01:05:21,742
pretend like so many people believe it and then everyone else starts to say like oh that must be

1137
01:05:21,742 --> 01:05:28,702
the case or maybe that is the case um i think it's highly likely do you remember i'm sorry yeah no no

1138
01:05:28,702 --> 01:05:29,942
But you know about Reddit and

1139
01:05:29,942 --> 01:05:31,802
Oh, yes. Maxwell. Yeah.

1140
01:05:32,062 --> 01:05:33,642
And isn't there like

1141
01:05:33,642 --> 01:05:36,302
it's like three main

1142
01:05:36,302 --> 01:05:38,462
moderators for like the whole thing.

1143
01:05:38,542 --> 01:05:40,042
People think it's thousands of people.

1144
01:05:40,282 --> 01:05:42,362
But it's... I don't know how to say it.

1145
01:05:42,422 --> 01:05:44,682
Ghislaine. I don't think it's Ghislaine.

1146
01:05:44,802 --> 01:05:46,482
Ghislaine. Maxwell.

1147
01:05:46,682 --> 01:05:48,422
She was the number one moderator

1148
01:05:48,422 --> 01:05:50,142
for like 12 years.

1149
01:05:50,222 --> 01:05:52,682
That massive, like the largest channel on Reddit, right?

1150
01:05:52,702 --> 01:05:54,602
Or subreddit or whatever. More than one,

1151
01:05:54,682 --> 01:05:56,822
I think. Yeah. Maybe just a few.

1152
01:05:56,822 --> 01:06:03,182
But I mean, the amount of work just to manage a channel, this woman also to fly helicopters and submarines is amazing.

1153
01:06:03,662 --> 01:06:05,782
But it just seems to go really deep.

1154
01:06:06,202 --> 01:06:06,782
Yeah, it does.

1155
01:06:06,782 --> 01:06:12,022
And if you're up against something that deep, you'd have to, like, they have more resources to outgame us.

1156
01:06:12,422 --> 01:06:13,162
Yeah, it's true.

1157
01:06:13,602 --> 01:06:14,642
Oh, man.

1158
01:06:14,902 --> 01:06:16,962
All right, those are my scary tweets for the week.

1159
01:06:18,542 --> 01:06:21,842
But we have Bitcoin and we have chickens.

1160
01:06:22,722 --> 01:06:23,982
Yeah, steer clear of the battle.

1161
01:06:24,842 --> 01:06:26,022
Go bank yourself.

1162
01:06:26,022 --> 01:06:33,022
Go to your Bitcoin, buy federal ATM, buy Bitcoin, move it to self-custody, and bank yourself.

1163
01:06:33,542 --> 01:06:34,022
That's right.

1164
01:06:34,322 --> 01:06:36,182
Hit like and subscribe if you're enjoying the show.

1165
01:06:36,682 --> 01:06:37,882
I got the sun in my face.

1166
01:06:38,002 --> 01:06:41,042
This is a little, got a little warmer here in Florida.

1167
01:06:41,282 --> 01:06:42,782
So thank you for tuning in.

1168
01:06:42,922 --> 01:06:45,582
We're every Tuesday at 3 p.m. Eastern.

1169
01:06:46,282 --> 01:06:48,082
We got Mel saying, yeah, it's not good.

1170
01:06:48,182 --> 01:06:49,662
Prediction markets are a bad idea.

1171
01:06:50,162 --> 01:06:52,062
Nobody should be wasting their money on that.

1172
01:06:52,142 --> 01:06:54,742
Not to mention, I do not ever trust it would be fair.

1173
01:06:54,742 --> 01:06:59,042
what's up Mel it's good to see you this weekend

1174
01:06:59,042 --> 01:07:01,882
I hope to see you soon

1175
01:07:01,882 --> 01:07:04,302
good luck with BitBlockBoom

1176
01:07:04,302 --> 01:07:07,862
tell us a little bit more about ByteFederal

1177
01:07:07,862 --> 01:07:09,522
yeah ByteFederal

1178
01:07:09,522 --> 01:07:12,722
really believes in freedom

1179
01:07:12,722 --> 01:07:16,062
and we are doing everything we can to keep freedom alive

1180
01:07:16,062 --> 01:07:18,862
it is not an easy feat

1181
01:07:18,862 --> 01:07:22,162
in the communist United States of America

1182
01:07:22,162 --> 01:07:23,442
but we are trying

1183
01:07:23,442 --> 01:07:34,022
And I hope to bring you all more and more products that allow you to be free and bank yourself and stay as off grid as you want to be.

1184
01:07:34,342 --> 01:07:36,822
And maybe next week we'll be doing this live from Greenland.

1185
01:07:38,502 --> 01:07:38,982
Greenland.

1186
01:07:39,922 --> 01:07:41,062
We'll go on tour.

1187
01:07:41,302 --> 01:07:43,362
We'll be like the 51st day at Greenland.

1188
01:07:43,522 --> 01:07:44,122
Then Canada.

1189
01:07:44,602 --> 01:07:46,182
And Canada's in the mix now.

1190
01:07:47,102 --> 01:07:48,122
Take them all over.

1191
01:07:48,322 --> 01:07:50,282
I mean, do you really think any of this is going to happen?

1192
01:07:50,282 --> 01:07:57,642
where i don't know man because i instinctually like just immediately my gut says no but i i will

1193
01:07:57,642 --> 01:08:03,242
never say it could never happen not after covid yeah never say never thank you so much for tuning

1194
01:08:03,242 --> 01:08:06,682
in see you guys next week thanks guys peace