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I'm the owner and founder of a luxury skincare brand called Golden Tallow Natural Skin Care.

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There are so many people who are using something today. If they flip that bottle over, they would

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not be able to name half of the ingredient. They wouldn't be able to name three-fourths of the

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ingredients. I feel like it's just shocking to look at just all the quality of everything down

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to like clothes you're buying. You know, there's plastic center clothes you got to start thinking

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about. What led you to recognizing tallow for its health benefits for skin? Because you mentioned

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offline, you've sort of broadly eaten a carnivore diet for several years. What led you down that

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rabbit hole? Was that Bitcoin? Was that something else? Learning that the U.S. dollar is corrupt and

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devaluing, that's a lot to handle, especially when you start realizing it affects every single

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aspect of your life.

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hey everyone michael here with the bitcoin way podcast thank you for tuning in today on the show

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i have kit from golden tallow you've probably seen her on x if you are there kit is awesome

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she is building a business we talk about that we talk about how she went carnivore her health

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journey we talk about bitcoin we kind of cover a little bit of everything fantastic conversation

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you're gonna love this one hey everyone like i said in the intro i've got kit here with me kit

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Welcome to the Bitcoin Way podcast.

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Thanks for having me.

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Yeah, thank you for taking some time.

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This will be fun.

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So first of all, why don't you tell people who you are, give a little bit of a background,

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how you found Bitcoin, and then we'll get into more about Bitcoin and the product that

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you're working on and everything else that we can possibly talk about.

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Perfect.

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Yeah, so my name's Kit.

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I'm Kit underscore stats on Twitter.

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I tweet out about Bitcoin a lot.

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I'm the owner and founder of a luxury skincare brand called Golden Tallow.

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Currently, I just have two products, a face cream, and I just rolled out soaps in the last month.

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So if you are interested in natural skincare, people are loving it.

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There's lots of reviews on my website and on Twitter as well, too.

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And I found Bitcoin back in 2014 at a party in my hometown.

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my friend was buying off of the Silk Road. And I was like, what are you doing?

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And he's like, no, no, no, it's fine. You're just, you know, some simple drugs, like some weed or

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whatever. And I was like, you probably shouldn't be doing that. But I was curious about it. I was

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like, that's really interesting. Because at the time, I was learning about Tesla and like Netflix

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and seeing how they were taking over their industries for like cars and like cable TV.

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so I was like oh that's interesting maybe money will move over into this digital currency that

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my friend is talking about because my friend is very smart he goes he went to like UVA and like

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worked at Google so I have high regards for my friends so I was like wow that's really smart

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um so yeah that's kind of how I got into it I didn't buy it at that time I sat down

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I got on a bunch of forums and was like how do how do I get into this but I was too busy with a

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lot of life things going on at that time. So I tried, but it wasn't as easy as like a quick glance.

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Had I figured it out, though, I'm sure I could have gotten some free Bitcoins off of those

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certain websites, which have been fun. But as people say, who knows if I would have held it

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or what would have happened. So I try not to think about it too much. And then fast forward

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to like 2019, I moved out to Colorado to try to figure out finances. So I started

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learning more about the stock market and different aspects of money. And I was on Robinhood and I,

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it popped up at the bottom. At that time on Robinhood, you can't take your keys off. I didn't

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even know like really what Bitcoin was at that point in 2019. So, you know, I was just trying to

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figure out more about stocks and different things like that. I got on Twitter, started to get into

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like the you know the crypto space and seeing what different people were saying about different stuff

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um i only ever bought like a bunch a little bit of doge i think i made 800 on it and by that time

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i had found the bitcoin maxis on twitter and i was resonating with a lot of the things that they

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were saying and i was like okay maybe i'll just do bitcoin only so i think i might be one of the

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only few bitcoiners who didn't get wrecked on ship coins and have that period of their life

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where they like just got scams.

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So I'm very blessed in that scenario.

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But it was like, you know, spending hours on Twitter,

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reading all these posts kind of earlier.

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So there was more signal back then too.

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Nowadays, it's so different on Twitter

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where people are just posting for like attention more so

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because Twitter's monetized.

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We can still get on like Damus or Noster, the protocol,

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and still find some really signal Bitcoiners out there.

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Yeah. Yeah. Good for you. Good for you for avoiding the shitcoin rabbit hole. I think that's sort of a logical jumping off point for a lot of people before they figure out what the signal is and what the noise is. So so what year what year was your conviction like set in stone where you said, OK, I get this Bitcoin thing.

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And then you mentioned at the time you didn't really know what Bitcoin was when you were like looking into the stock market.

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Could you maybe give your definition or your working understanding of what you think Bitcoin is?

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Is it money? Is it an investment? Is it some combination of things? How do you view it?

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Yeah, so I feel like I got really lucky with this as well, too.

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I read the Bitcoin standard by Safety and Amu's like really early on, probably at the end of 2021.

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or like I'd have to go back and look but I went 90% all in after reading that book I was like oh

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my gosh like this is really eye-opening and really crazy obviously like 10% of my net worth I do trade

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options with and now I've been trading options for like five or six years so that's kind of like

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what I do mostly other than my skincare business but that book really laid it out I have a technical

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background too so a lot of the tech at the I don't know four or five of the ending chapters really

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made big sense to me um I feel like the beginning of that book is just kind of diving into the

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history of money and what money is properties of money and things that you just don't really learn

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in school or anywhere from anyone so it was very eye-opening to like have it all together I also

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read or I I didn't read it I listened on audiobook from beginning to end on a road trip from Virginia

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to Colorado. So I just like listen the whole way through. And I think that that also hit me kind

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of differently than like taking bits and parts pieces of it. And so, yeah, back then I went all

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in. And since I was tweeting a lot on Twitter, getting on to the community and all these, you

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know, have fun, you know, the toxic chains, I was networking. I ended up working at Bitcoin

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magazine in the conference for a while because I was blowing up on in the space and a lot of people

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were like retweeting me and commenting on my Unmarked profile. This is actually my second

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Twitter account now. I deleted that other one a while ago, but it was fun working at the conference

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and getting to meet people in person. I would go to like local Bitcoin meetups in Colorado a lot.

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I went to Bitblock Boom. So conviction came from a lot of that as well, too, that I just,

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you know the more you learn about it the more you're like thinking about it long term where

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this is going to go um so for your second question i think it's going to just replace the u.s dollar

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in my mind um i think they'll keep printing money and bitcoin's price will keep going up

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um bitcoin you know uses energy to gain its value um you can mine it and it's a store of value in

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that sense and i feel like it's just a better money because you can hold it yourself um it's

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easy to transact without third parties you don't have to worry about like venmo or paypal taking

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fees from you um i mean you pay like a little bit of miners fee to send um but like lightning

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it's very cheap and fast so there's a lot there's different layers of bitcoin um you know there's

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three different layers of Bitcoin. So layer two is where you can do a lot of those applications

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like lightning and different things like, you know, if you there's the mill person who like

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escrow. Yeah. Like those kinds of applications. Like if you're like buying something from someone

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and it's like a lot and you don't want to just directly send it to them because

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the money's gone at that point, there's no way to get like a refund back from a credit card system

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or somebody like that.

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There's no, you know, back way like that.

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So applications are coming out to make it easier to use in that sense.

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Things like not being able to get your money back.

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There can be like an escrow middle section that helps you.

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So, yeah, I think it's really early still.

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I think people don't think it's early because of the price right now,

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but I think that it's a very early technology.

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I do believe it's going to work out in the end.

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I don't see anything else being better like gold or silver.

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It's a lot to like have to carry onto a plane and then the TSA is going to steal it from you anyway.

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Yeah.

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No, I'm firmly in the Bitcoin is money camp and couldn't agree more.

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So you when did you you said you had I didn't realize you'd had a previous account on I guess maybe it was Twitter back when you had that account.

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When did you start this account?

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and like I was looking through your feed

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as I was preparing to chat with you.

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I don't even know how you come up with things

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to say as often as you say them.

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I find that admirable.

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I, you know, every once in a while,

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I'll have something that I think seems smart

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and I'll just throw it out there.

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And it probably isn't as smart as I feel.

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When did you start the nonstop tweeting about Bitcoin?

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And it seems like you've gotten a lot of traction here

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in a considerably short period of time.

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Yeah, so my other account,

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um I'd had it for a while I was blogging back in another lifetime so I had a lot of followers from

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that maybe 3,000 and I feel like when you do have enough followers people follow you just because

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you have a lot of followers in a sense so I grew my other one I was um more outspoken and just like

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I didn't have a structured about that other account per se um it was definitely more of like a raw

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my opinionated self on that one. I deleted after I got laid off with Bitcoin magazine.

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And I just was like taking a break from everything. There's a lot of other personal

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things going on in my life at that time, too. So I created this one March 2023. I think one of my

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friends, Neil Jacobs, who runs FOMO 21 merch story, convinced me to like, create it again.

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So big shout out to Neil. It helped me. He was like, you should do it. You know,

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It'll help your sales for Golden Tallow.

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And now Twitter is monetized.

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So I'm also getting paid for a lot of it as well, too.

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It's not a lot yet, but as I improve my content and get more dialed down into viral tweets and such, that helps.

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I've noticed you're either tweeting about Bitcoin or you're tweeting about how you can make money tweeting.

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And that's something that more people need to be aware of.

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Yeah.

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I'm always curious with folks like yourself who are, you're talking about Bitcoin all the time.

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I mean, I view you as someone who people with, at least on Bitcoin Twitter, would probably recognize your account.

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Whether they follow you or not, like they've probably seen your tweets or seen someone reshare something that you've said.

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I'm always curious, like in your personal life, you obviously have a very strong conviction.

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Have you orange-billed friends and family?

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What's been your success rate?

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What's worked?

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What hasn't?

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just anything about like offline, like what are you doing with this?

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Yeah. So I'm a pretty like introvert, like maybe workaholic. So like I don't go out too often. I

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don't party or like go to events. And right now I'm very like toned, like locked into growing

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golden tallow. And I also day trade. So like I don't go out and drink or party or do all that

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other kind of stuff you have to have like everything really dialed in to be like that

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that one percent where it's like making it work like you have to get really good sleep if i don't

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get good sleep i'm not gonna like go trade options or whatever that day um so like i feel like my

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circle is small that's where i'm kind of getting that like for my family no one owns bitcoin um

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no one i feel like my dad likes gold i don't know i try to explain it to him i've shown him

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some videos and things like that. My mom, when she was around, I got to show her a Michael Saylor

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video. She's passed two and a half years now. Thank you. Yeah. But she got to see the Michael

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Saylor video with Tucker. That was a really good one. So she's she understood it and she understood

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like why I was going so crazy and worked at Bitcoin magazine and things because I wanted her to

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understand. So it was nice that she at least had a level of understanding there. And then, yeah,

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friends i did orange pill one of my friends one of my best friends we might actually go into business

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together with golden tallow we used to work on my blog and he's my photographer he's one of my best

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friends of course now we've known each other for eight years and i feel like just since he knows me

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and like we're very similar we're both infjs which is funny because like the whole bitcoin community

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talks about like the personality profiles which i don't i don't want to take credit for it but it

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might have been something I started in like 2021 or 2022 and it blew up from there everyone was

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taking a profile or personality test or whatever but yeah he's INFJ too my other friend my gal pal

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she um she's also INFJ and I don't I don't know she's kind of on the fence about Bitcoin and other

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people I talk to about it they just don't they haven't done all the required required reading I

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feel like it takes i don't know like 100 hours to really understand every aspect of it and like

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how it bleeds into other aspects of life um it just really shakes up your belief about what you've

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been taught and you thought the government was gonna like be there for you and your your retirement

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and now you're learning that that's not the case at all so it shakes you a lot and it takes

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takes some time to like absorb that in um so yeah it's an uphill battle you know i've got i've been

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unfortunate I've gotten my entire immediate family. Well, I've got a wife and young kids and

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like they're they don't have a choice but to be on board. But the rest of my immediate family

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has all purchased Bitcoin. None of them have gone down the rabbit hole. I think they've all said,

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OK, Michael's, you know, maybe crazy, but he's not a complete idiot. Let's have like an allocation

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to Bitcoin. But my brother's the only one who is like really open minded to all of it. He's just

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He's kind of focused on his own stuff and I'm going to keep on kicking him until he reads,

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you know, the big print, the Bitcoin standard.

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And he'll get there.

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He's the most heavily into it and the most aligned with me on everything else.

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But what I found is I'd be curious to hear your thoughts.

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I found like yesterday I was meeting with a church A friend of mine is a pastor at a small church And I went and I said I want the church like with the capital C to be an institution of influence into the

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future. I'm tired of the entertainment, education, Hollywood, all of these, you know, sort of pillars

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of society being the influential ones. And I think Bitcoin is a mechanism by which, you know,

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more positive influences in society can, we can alter that, the trajectory. And I basically told

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them it because it's not my church i felt like i could put stipulations on me giving to them and so

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i said i want to like seed your bitcoin uh treasury and but you have to sit down with me and and let

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me explain this to you why i think this is so important and you've got to hold it for five years

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like those are the two stipulations so i met with this guy my sort of friend acquaintance and his

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finance team. And I just laid out why Bitcoin made sort of a moral case, sort of a practical

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macro case for Bitcoin. And they're going to proceed with accepting my gift, which, you know,

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why wouldn't they? But I think it got them thinking. And so what I've found is maybe the

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way to force people into this is to offer them something, you know, even if it's just a small

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amount, but like, you've got to listen to me or you've got to read this book and just like,

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kind of drag them kicking and screaming if you have to into owning some amount of Bitcoin.

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Um, and so I'm wondering if maybe moving forward, that's just my, my sort of MO on how I approach

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orange filling people is, uh, is giving them a little bit of Bitcoin and making them read

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a book or something, you know?

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Yeah, I agree with giving people a little bit of Bitcoin.

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I gave one of my other girlfriends, um, some Bitcoin and she just was like, wow, that was

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so fast and easy.

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And it got her interested.

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And now she's going to local events where she's at.

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That's awesome.

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Yeah.

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Yeah.

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I think that that's a great way to do it.

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Yeah.

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Yeah. And unfortunately, I think number go up is going to be, you know, the best marketing tool.

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It's fine. It's part of the part of the deal. I hope number goes up over time. It's just the

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thing I'm less interested in. But I bet over the next 12, 18 months, we get a lot. You and I start

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getting text messages from friends and family. Hey, can you what book did you say to read? Where

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should I buy? So we'll get some of that. OK, let's let's talk about Golden Tallow before we jump into

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the company and the product. This is going to so we're going to take this conversation a couple of

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ways. I have a feeling because I think we both share an affinity for healthy eating, lifestyle,

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that kind of thing. What led you to recognizing tallow for its health benefits for skin? Because

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you mentioned offline, you're you've sort of broadly eaten a carnivore diet for several years.

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What led you down that rabbit hole? Was that was that Bitcoin? Was that something else? What was

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the impetus yeah it was bitcoin bitcoin just wrecked everything no more oreo cookies for me

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um also safe a dean he he's car more diet and his brother is um a doctor as well that that tweets

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out about this stuff i've met them in person multiple times but yeah i would see them tweet

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out about it other people in the space too on twitter um i guess in 2020 or whatever i was just

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interested in it. I didn't really think much about it for like a year or two or whatever,

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seeing those tweets. But then I like I mentioned, I used to be a blogger. I did like travel and

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lifestyle, but I also just like ate out at all these restaurants. So I can only imagine all the

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seed oils and things that I was eating. I used to think I was eating healthy at home. I would do like

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hummus sandwich wraps, which I'm sure that that wasn't too bad with vegetables. And

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I would do a lot of oatmeal and like sometimes I would go off and have like honey buns or

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things that weren't so good for me.

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But I just didn't, you know, think too much of it.

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I was never really super overweight ever in my life, ever once, any point in time or anything.

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But I got I just went to the doctor.

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I don't ever really go to the doctor ever.

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So it was strange that I did.

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But I was just like, why not?

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I just go get a yearly checkup.

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And they did a blood draw. And I saw in my blood test that I had pre-diabetes just like slightly in by like point zero one or whatnot. And I reversed it with carnivore diet within like six months or so. I went back to the doctor and it was just, you know, reversed. I don't have it anymore.

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but I do believe that a lot of the things that we're eating is impacting that all those immune

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disorders or disabilities or whatever um I think it definitely came from the seed oils that are

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in the in everything even in our skincare yeah what what did the doctor did you tell the doctor

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when you went back that you had been eating a carnivore diet and if so what would they say

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No, she just she told me to like eat less carbs and, you know, lose.

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I don't know.

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She that's pretty much I think that's like, you know, less sugar kind of thing.

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What she told me she was smart.

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It was a doctor in Colorado.

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Not all doctors even tell you that.

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And I feel like anyone that I've known that have gotten this diagnosis, they don't mention, oh, you should be in ketosis or like 40 grams of carbs is what you should be aiming for.

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They don't give you any nutritional direction whatsoever.

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They're just like less sugar and carbs.

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Like, what does that mean?

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You know, you're just going to.

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In what kind?

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I think, you know, I do consume carbohydrates.

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And but the nature of my carb sources are very different than the standard American diet.

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Right.

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It's great.

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I think sweet potatoes are the only non fruit or honey carbohydrate that I consume.

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And like it's it isn't.

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So it's interesting to me, your doctor said eat fewer carbs because when I went to the doctor, I don't have a, actually my doctor now is Seyfedean's brother, Dr. Amada Moose.

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So I'm going to visit with him once a year or as needed.

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And when I went to my mainstream, you know, traditional doctor who I no longer see, my LDL was high and I was doing like a strict carnivore diet for 18 months or a couple of years.

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And I mean, it was literally the fattiest ground beef and steak I could find, eggs, tons of butter.

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It was a beautiful, glorious time in my life.

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And my cholesterol was like, I don't know, 215 or something.

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It's supposed to be sub 200 or sub 190 or something like that.

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And he's like, if you were a little bit older, like, you know, maybe if you were like 40, 45, I'd put you on a statin.

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And I was like, no, I was like, not going to happen, man.

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So he told me I needed to start eating more of a vegan diet and stuff.

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And of course, he's bald in and overweight and everything.

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So I was like, I'm probably not going to follow dietary advice from you.

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But that's that's amazing that you had a normal doctor who told you fewer carbs.

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So, yeah, right.

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Yeah. Yeah. That's that's very unconventional.

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So I assume then you're, as you went down the health rabbit hole and you started to learn about the nutrient richness of meat, of tallow, beef fat, that that was a part of the inspiration for what you're doing now with Golden Tallow. Is that fair to say?

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Yeah, yeah, definitely. I mean, being on the carnivore diet, I was very open to trying tallow. I, Clara and Fritz is the company I tried their tallow from. I ordered some like face cream and chapstick. And I'd already been pretty aware of like seed oils and all this stuff. Plus with carnivore diet, it just, it made sense. I don't know, maybe I would have tried it before.

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I did a lot of beauty blogging.

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A lot of people worked with me like Neutrogena, a bunch of people in Sephora, like those kind

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of brands would send me things to try out.

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So I tried out almost everything on the market.

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And Tala is my favorite.

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Like it makes my skin feel really different compared to a lot of those other ones.

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Like I'd say Korean skincare still is really good.

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But a lot of the other brands and things I was trying, it just it sits on the top of

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your skin and doesn't really do too much i'd say um i'm also living in virginia most of my life so

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it's very humid here so i don't know maybe if you're out west and you have really dry skin some

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of these things would help you a little bit more but for me um a lot of the skincare free products

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i was getting wasn't doing much but talo just makes your skin feel really silky um you could

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your hydrates a lot if i don't use it my skin craves it like the next day

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I think it's it's awesome we need we need more products I mean not even just you know creams and

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lotions uh like I told you offline candidly I it's pretty rare that I'm putting you know anything

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on my skin when I do though I've got a tallow product I promise you that yours will be the

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next one that I buy it's just lasted me like two and a half years or something so yeah I feel like

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I mean I feel like a a chick having this conversation but I think this is like good

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This is good stuff, though, because there are so many people who are using something today.

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And what they if they flip that bottle over, they would not be able to name half of the ingredient.

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They wouldn't be able to name three fourths of the ingredients, which is a pretty good sign.

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It's probably not something you want in the largest organ in your body, absorbing everything that it touches or that touches it.

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So your your tallow is a bit different.

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So it's Wagyu beef.

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Is there so why don't you talk about why that is significant?

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And then are there other ingredients in your product or is it 100 percent?

314
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Yeah. So when I first got interested in the space, I did a little bit of research.

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What was out there? I saw that there was lacking of luxury brand out there.

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And so I was trying to think there's a lot of cow logos on everything.

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It may look silly. I don't want to think about cows when I'm putting it on my face or my skin in that sense.

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I mean, it's OK, but like it's just not what I wanted to do.

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So I saw that gap in the market.

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And so I was like, how could I differentiate it to be a higher quality product that, you know, isn't a luxury niche?

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So knowing like just that Wagyu is, you know, better steak, the fatty profile is more dense with nutrition.

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And, you know, it's harder to source.

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I only have a few farmers that I work with, but I think that also just adds to the scarcity of it.

324
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as well too but i put olive oil and essential oil in my face cream that i have right now it's

325
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just lavender scented right now i'll probably expand that later on but every time i add a

326
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product i have to buy a barcode and get more products like i have to get another jar that

327
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has just the scent on it it's really involved when you think about it um when i first started

328
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doing that i didn't think about that because when you order in bulk you have to order a certain

329
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amount maybe like 800 or 500 jars or something and um I probably could have split it up into like

330
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different scents at that time but I didn't um I did do that with my soap so I just launched those

331
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this past month and that comes in four different scents one's unscented and then there's lavender

332
00:27:03,061 --> 00:27:09,961
eucalyptus and then sandalwood and the sandalwood's really popular of course because that's like a more

333
00:27:09,961 --> 00:27:19,001
expensive scent um but yeah that has a little bit more it's more involved in making it um you mix

334
00:27:19,001 --> 00:27:25,001
you have distilled water and you put lye into that and mix that up and then you have all your oils so

335
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the wagyu tallow um i put coconut oil in it um and then there's also you know all the essential

336
00:27:32,461 --> 00:27:39,541
oils are in it um i also put oatmeal to soothe the skin and castor oil to make it more bubbly

337
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I love castor oil just in general, too. I'll just sometimes put that on my skin as well.

338
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And yeah, you mix the two together. But when you do it, you have to have a thermostat that I have a thermostat gun that I measure the temperatures of it with.

339
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So you have to wait until it cools down to like 100, 105, 110 degrees.

340
00:28:02,061 --> 00:28:14,661
and then it starts to mix and um emulsulate and like I've been kind of you know changing my

341
00:28:14,661 --> 00:28:20,521
recipe up a little bit better because the molds that I got are very detailed with my logo so right

342
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now I'm having to hand um pour in like the first half of it and like you know make sure that the

343
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logo has enough of the soap in it that it's going to like come out properly so it's it's not a very

344
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quick and easy process so i think the soaps will probably be more um i'll have to figure out how to

345
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make it a quicker process for me because right now it's it took like two weeks to create the soaps

346
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that i have now and it takes about 24 hours for it to sit in the mold and then you unmold it make

347
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sure it's all good and if not then you know you have to melt it down again and like put it in the

348
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mold again and make sure the logo comes out perfectly um and then it's for four weeks to

349
00:28:59,101 --> 00:29:03,461
your home like do you have a lab or something or is this all in the kitchen like what where are you

350
00:29:03,461 --> 00:29:08,501
where are you doing all yeah it's all in my kitchen right now um i have looked at renting out

351
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kitchens and things like that in dc i've found a few that i could go and do it there probably

352
00:29:14,921 --> 00:29:18,741
will eventually do that next year and film it there and everything but for now then i'm just

353
00:29:18,741 --> 00:29:23,361
starting out um no one in my family's ever done anything like this none of my friends this is all

354
00:29:23,361 --> 00:29:30,061
just like self-taught off of like any you know youtube videos and things like that or i did go

355
00:29:30,061 --> 00:29:35,921
to school for entrepreneurship and business so a little bit of that is like you know coming up but

356
00:29:35,921 --> 00:29:44,301
for the most part i'm just like yellow yeah that's awesome so do you you've got two products now i

357
00:29:44,301 --> 00:29:49,561
think i saw i was looking at your your site the soap is at pre-order stage is that yeah yeah because

358
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I'm it's take since I just came out and I'm making it I'm shipping those first batches of soaps at

359
00:29:57,081 --> 00:30:06,221
the end of January it takes four weeks to cure them so the next batch we'll see will be you can

360
00:30:06,221 --> 00:30:11,361
order it now but it probably won't ship until the end of March is what I was thinking because

361
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so what what comes besides potentially other scents do you have like a longer term vision for

362
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product lines, things like that, that you would add? Because to me, like, this is the sort of

363
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stuff I really, I really do think about, like, for my wife, having like, hey, this is just like

364
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the soap. This is just the cream, the whatever that we order for you, because I know it's high

365
00:30:31,681 --> 00:30:37,521
quality. I know. And I'm like, I love supporting Bitcoiners, you know, what, like, what else do

366
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you see in the pipeline? And obviously, I understand that you're earlier and each product

367
00:30:41,321 --> 00:30:45,321
is a huge pain to get off the ground. But if you were to imagine the future.

368
00:30:45,321 --> 00:31:05,261
Yeah. So I get feedback from everybody. I posted a poll on my Twitter, my Golden Tallow Twitter or X account. And that's how the soaps came about. Because in my mind, I feel like the next thing that I was going to like attempt to do was going to be more like a shaving cream.

369
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I had gotten some requests for that but the way that I want to do that is in those aerosol cans

370
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and I looked into researching it and the type of facilities I'd have to go through and it seemed

371
00:31:14,641 --> 00:31:20,421
very expensive that would be like more later on down the road when you have more capital to put

372
00:31:20,421 --> 00:31:38,342
into that first batch because you have to you have to sell out at something like that pretty quickly and then then eventually maybe down the third or fourth fifth batch then you making money off of it But yeah that would be a hefty lift in the beginning I would think I still need to research into that a little bit more So yeah I got

373
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feedback. I'll probably continue to get feedback from what people are interested in. There are

374
00:31:42,342 --> 00:31:46,702
definitely certain things I don't want to do, like the chapstick. I don't really feel like tallow was

375
00:31:46,702 --> 00:31:52,862
good for my lips per se. Maybe I would do something different or maybe just the one that I bought

376
00:31:52,862 --> 00:31:59,462
wasn't formulated well um do you mind if i ask what what brand you bought because i i tried some

377
00:31:59,462 --> 00:32:06,202
uh some tallow chapstick a while back that uh the winter like you know kills me for obvious reasons

378
00:32:06,202 --> 00:32:08,122
i don't want to throw anyone under the bus

379
00:32:08,122 --> 00:32:15,582
i can't remember the brand i got it was fine the thing for me the the one complaint i have with

380
00:32:15,582 --> 00:32:24,342
tallow is just at least what I've tried. It has a smell. And so like getting in bed at night,

381
00:32:24,462 --> 00:32:29,022
you know, I feel bad like smelling like a cow, you know, I'm laying next to my wife. Some of them

382
00:32:29,022 --> 00:32:34,142
are like, you know, I understand to be less strong than others or you're diluting with, you know,

383
00:32:34,222 --> 00:32:39,902
coconut oil or something like that. But I'm always conscious of that. That was one of the things when

384
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I bought some tallow to try. I was like, this smells weird. Like I want it. That's one of the

385
00:32:44,122 --> 00:32:50,502
main things I want to make sure that my brand doesn't have. So my face cream doesn't smell at

386
00:32:50,502 --> 00:32:55,962
all. And when it's unscented as well, too, it's good to go because my farmer renders it down like

387
00:32:55,962 --> 00:33:01,722
really, really good. She's got a whole process and like equipment to do that on her farm.

388
00:33:02,102 --> 00:33:09,222
So it's not like rendering in your kitchen. I feel like you basically melt down the tallow and

389
00:33:09,222 --> 00:33:14,862
then you let it solidify and you like scrape off all of the impurities and you do that process over

390
00:33:14,862 --> 00:33:21,502
and over again. So she, she triple renders it. She might even do it more. But yeah, it just kind

391
00:33:21,502 --> 00:33:27,642
of is in that process of rendering it down to get rid of that smell. That's, that's awesome. Yeah.

392
00:33:27,642 --> 00:33:32,382
Cause I think that's one of the sticking points for a lot of people probably is that I, you know,

393
00:33:32,482 --> 00:33:37,182
I, I imagine there's some people who like the concept, but they don't want, they don't want

394
00:33:37,182 --> 00:33:41,422
the essential oil, not because of, you know, a health concern, but just, I don't want my face

395
00:33:41,422 --> 00:33:47,022
to smell like this. So they go unscented and then they end up smelling like beef towel. So it's,

396
00:33:47,102 --> 00:33:50,742
you know, not quite what they're looking for. That's great though, that you've put in the time

397
00:33:50,742 --> 00:33:55,582
that you found the right supplier to help you do that. So what's been the hardest thing about

398
00:33:55,582 --> 00:34:00,362
running this business? If I were to guess, it sounds to me like just product development,

399
00:34:00,622 --> 00:34:05,422
like producing this, perfecting the actual creation of the physical product. But is there

400
00:34:05,422 --> 00:34:11,982
something else that's been more difficult for you? I guess I'd say like I've gotten really lucky

401
00:34:11,982 --> 00:34:19,042
with a lot of it like finding the right vendors that could have like totally you know wrecked it

402
00:34:19,042 --> 00:34:26,722
um I store it in a very you know good way I like freeze some of the tallow and makes it last longer

403
00:34:26,722 --> 00:34:32,062
um because I'm I'm doing everything on my own and I'm starting it from scratch usually people

404
00:34:32,062 --> 00:34:38,162
that go into business buy businesses that are already like cash flowing um they'll buy something

405
00:34:38,162 --> 00:34:41,802
that's already profitable like a laundromat or something this and that or i don't know what

406
00:34:41,802 --> 00:34:45,482
they're doing dropshipping or something where it's like they're not even making a brand so

407
00:34:45,482 --> 00:34:53,202
making a brand and doing all of it while also having to do sales i feel like that's the biggest

408
00:34:53,202 --> 00:34:57,782
thing right now is learning sales on top of like all this other stuff like i learned i'm really

409
00:34:57,782 --> 00:35:03,102
good at marketing that's why my twitter account is so good because basically like that account

410
00:35:03,102 --> 00:35:07,802
people try to tie it to me personally a lot but it's it's more like entertainment for what people

411
00:35:07,802 --> 00:35:11,642
want to see and that's why i'm growing big because i know what people want to hear so i'm entertaining

412
00:35:11,642 --> 00:35:15,902
them with like things and ideas that they want that i know that they're gonna find funny not

413
00:35:15,902 --> 00:35:20,862
necessarily like tied to me a lot of it does overlap with what i think obviously i love bitcoin

414
00:35:20,862 --> 00:35:26,581
and different things but i'll joke about other stuff about like like i i forgo therapy to buy

415
00:35:26,581 --> 00:35:31,462
more Bitcoin. Like I don't go to therapy. I mean, like I didn't buy groceries. I didn't,

416
00:35:31,562 --> 00:35:35,581
I didn't buy groceries because I bought Bitcoin instead. Like I didn't do that. That's just like,

417
00:35:35,722 --> 00:35:38,722
you know, that's just sarcasm and you know, whatever.

418
00:35:40,542 --> 00:35:47,482
Are you, is your working assumption that Bitcoin has been a cheat code for your business that a lot,

419
00:35:47,482 --> 00:35:51,882
that most of your business is coming from Bitcoiners or, cause, cause again, like all

420
00:35:51,882 --> 00:35:58,282
I know of you is what I see on on X this conversation today are you thinking that most

421
00:35:58,282 --> 00:36:03,022
of the people coming and buying your product up to this point have been Bitcoiners so I spoke at the

422
00:36:03,022 --> 00:36:10,682
DC Bitcoin conference a couple months ago about this a little bit and so 10% of my sales come

423
00:36:10,682 --> 00:36:18,602
from Bitcoin right now like paid in Bitcoin and obviously other Bitcoiners pay with fiat dirty

424
00:36:18,602 --> 00:36:25,642
fiat and so i use open node right now but i've also accepted it by just sending a voicemail

425
00:36:25,642 --> 00:36:33,962
not a voice like an invoice through through whatever and um so the thing with bitcoin

426
00:36:33,962 --> 00:36:40,962
is that since we're not at adoption per se like we need to get rid of capital gains tax on it

427
00:36:40,962 --> 00:36:47,242
because it's hard for me to like go use it to buy supplies right now i'm just holding it and my

428
00:36:47,242 --> 00:36:52,482
strategy is going to be to loan against it in the future, which will give me a leg up on all of my

429
00:36:52,482 --> 00:36:57,962
competitors for sure. And especially when I'm cash flowing and I'm able to pay off that loan,

430
00:36:58,042 --> 00:37:03,182
that's going to be just like a flywheel effect. But right now I can't really touch it or use it

431
00:37:03,182 --> 00:37:11,282
to pay for anything, which is what I need as like a startup. Cause I'm very, um, like sale to sale,

432
00:37:11,282 --> 00:37:15,362
like this sale comes in. Okay. Now I can buy more castor oil. This sale comes in. I'm paying

433
00:37:15,362 --> 00:37:20,322
through my Shopify fee. You know, like it's very like I have a buffer now because I've been in

434
00:37:20,322 --> 00:37:23,822
three years or so. But really, it's honestly like that when you're a startup company

435
00:37:23,822 --> 00:37:29,482
and you're putting your own capital in it. I don't even know. It probably has taken me

436
00:37:29,482 --> 00:37:37,662
probably 15K to start up this brand for all of the supplies and everything else.

437
00:37:38,262 --> 00:37:43,822
Maybe maybe a little less, maybe like maybe like 10K. Like the first batch of supplies was

438
00:37:43,822 --> 00:37:50,042
like four or five K. Um, and so, yeah, it's, it's a, it's a lot to get started. I mean,

439
00:37:50,122 --> 00:37:53,782
you got it cause you ended up praying into costs. You didn't realize that you were going to have,

440
00:37:53,782 --> 00:37:58,642
and you forget about just, you know, running a website and, you know, uh, transact and cheese,

441
00:37:58,642 --> 00:38:02,742
those sorts of things that come with it. Yeah. There's been a lot of shipping fees that like,

442
00:38:02,762 --> 00:38:08,202
I didn't, um, foresee, especially in the summer, everything tallow melts. So I had to learn about

443
00:38:08,202 --> 00:38:13,102
dry ice. I had to get stickers for dry ice. I had to get boxes that were insulated for dry ice that

444
00:38:13,102 --> 00:38:20,581
were very expensive and so i just you know absorb those costs per you know and that's the luxury

445
00:38:20,581 --> 00:38:29,302
part of it right it's going to get to your door in the right like consistency um but now now i

446
00:38:29,302 --> 00:38:35,362
charge like a flat fee of like 9.99 for it but shipping it in the summer was like 50 dollars

447
00:38:35,362 --> 00:38:41,322
yeah yeah you gotta do all your product development over through the winter and then uh

448
00:38:41,322 --> 00:38:47,382
take a break and just try selling all of it through the summer. That's brutal. It's all the

449
00:38:47,382 --> 00:38:54,042
little things. So if Bitcoin were to continue to appreciate and purchasing power perpetually,

450
00:38:54,442 --> 00:38:58,102
what kind of advantage does that give you as a small business?

451
00:38:58,482 --> 00:39:04,462
I feel like I can get out more products. I can have more inventory. I can spend more money on

452
00:39:04,462 --> 00:39:10,142
marketing and ads. So just getting your voice out there more, you just already have a advantage

453
00:39:10,142 --> 00:39:14,002
because you're going to make more sales in that sense as well too and going faster than other

454
00:39:14,002 --> 00:39:22,322
people um because like if bitcoin appreciates then i could get ahead of someone by like a year

455
00:39:22,322 --> 00:39:26,702
or two three or four or five years where they're just still like hustling because they're on us

456
00:39:26,702 --> 00:39:32,561
dollar that's depreciating against them as well it's like running up a hill right um so i can get

457
00:39:32,561 --> 00:39:39,502
out more products um i can hire people faster and this is you know bring on more help and then that

458
00:39:39,502 --> 00:39:44,061
just fly wheels off of it. Like it takes a lot off my plate so I can focus on being more of like

459
00:39:44,061 --> 00:39:50,061
a CEO than like running every single little part of the business. Yeah. I'm especially in a business

460
00:39:50,061 --> 00:39:56,102
like that, that's, that is that hands-on, I would imagine just having someone to manage a portion of

461
00:39:56,102 --> 00:40:01,122
that would open up a lot of opportunity for you to focus on sales and marketing and all the things

462
00:40:01,122 --> 00:40:05,522
that you probably wish you could be spending your day on, but just isn't entirely a possibility.

463
00:40:05,522 --> 00:40:10,542
of this stage when did you when did you launch the product again like how long has golden taliban

464
00:40:10,542 --> 00:40:19,202
in march 2023 23 okay so it's coming in its third year now okay i think i interrupted you what were

465
00:40:19,202 --> 00:40:24,561
you gonna say i was gonna say it's kind of relaxing to make the soaps i don't do any other hobbies

466
00:40:24,561 --> 00:40:29,362
really like i said i don't go out i don't really i guess i play some golf here and there but other

467
00:40:29,362 --> 00:40:37,002
than that it's really like i'm working all the time so it's nice to kind of um get out of my head

468
00:40:37,002 --> 00:40:44,322
and make soaps and do all this stuff it helps therapeutic i love i love it yeah and um okay so

469
00:40:44,322 --> 00:40:51,542
i want to ask you something that i'm i'm cautious of how i ask this so there are not a whole lot of

470
00:40:51,542 --> 00:40:56,561
women in bitcoin that are very public um like there are some great ones we have you know natalie

471
00:40:56,561 --> 00:41:01,002
Brunel. I think, you know, folks like yourself, I think are very public on, on X people have their

472
00:41:01,002 --> 00:41:06,802
different, different channels. Um, but I, I was, I w so I was fortunate. I got to go on a couple

473
00:41:06,802 --> 00:41:12,122
of podcasts with a, with a handful of women who have partnered with the Bitcoin way. And, um,

474
00:41:12,442 --> 00:41:17,182
I remember, I can't remember who it was after one of them. Uh, they were talking about, they're just

475
00:41:17,182 --> 00:41:21,542
kind of kicking things off, figuring out how to do this podcasting thing. I was trying to really

476
00:41:21,542 --> 00:41:26,061
encourage her that, you know, like Natalie Brunel, for example, great voice for Bitcoin,

477
00:41:26,242 --> 00:41:31,962
very professional. She's an experienced journalist. But I told this gal, I said, you know,

478
00:41:32,002 --> 00:41:35,602
not everyone is going to resonate with Natalie, just like not everyone's going to resonate with

479
00:41:35,602 --> 00:41:41,222
me. And we need more of the, we need other voices because how you say things and the questions you

480
00:41:41,222 --> 00:41:48,322
ask are going to resonate differently with different people. Do you have, maybe a concern

481
00:41:48,322 --> 00:41:55,242
isn't isn't the right way of framing this but are you um i'll just say concern do you have concerns

482
00:41:55,242 --> 00:42:00,122
that at the moment it feels like a very male dominated industry which i personally i don't

483
00:42:00,122 --> 00:42:03,962
have like an issue with that it's just the people who have latched on to it and been most interested

484
00:42:03,962 --> 00:42:09,302
but it feels like there are there's a whole cohort of of probably women in particular who

485
00:42:09,302 --> 00:42:15,782
aren't probably hearing the bitcoin message from someone that they relate as well to is that

486
00:42:15,782 --> 00:42:21,662
something you perceive to be the case or am I just reading too much into it as a guy or is that

487
00:42:21,662 --> 00:42:28,502
something you're working to overcome what's your take so I follow most mostly women on twitter

488
00:42:28,502 --> 00:42:36,902
if I see a bitcoin lady I'll immediately follow her so I feel like there's there's definitely more

489
00:42:36,902 --> 00:42:43,442
than there was when I first came in in 2019 in the space and also being like I mentioned I day

490
00:42:43,442 --> 00:42:51,282
trade options. I'm seeing a lot more women come into the trading space as well. So I think those

491
00:42:51,282 --> 00:42:56,561
women are eventually going to come to the realization that Bitcoin is outperforming a lot

492
00:42:56,561 --> 00:43:01,742
of stocks and other things and that they should have like a long term investment in Bitcoin.

493
00:43:03,182 --> 00:43:10,762
And I feel like it just it just is kind of that way, like women kind of lean on men more so

494
00:43:10,762 --> 00:43:18,182
in relationships for being the provider but there it's definitely more so in modern day society

495
00:43:18,182 --> 00:43:23,342
today i feel like women are taking control of their finances by themselves and i think they'll

496
00:43:23,342 --> 00:43:28,602
eventually just come to it everyone gets bitcoin at the price that they find it at or whatever this

497
00:43:28,602 --> 00:43:36,282
saying is right so um hopefully hopefully they realize it sooner than later yeah it's it's

498
00:43:36,282 --> 00:43:42,942
interesting because i so there's sort of there are a lot of men in bitcoin who i hear this all

499
00:43:42,942 --> 00:43:48,382
the time they're like how do i get my wife on board and it's like the challenge that they have

500
00:43:48,382 --> 00:43:54,142
is just getting their wife to read a book or like to take enough interest like their wives it's at

501
00:43:54,142 --> 00:43:58,762
least it's it appears like their wife has an opinion like it's magic internet money it's you

502
00:43:58,762 --> 00:44:04,342
know it's nonsense it's a scam whatever but they probably aren't following someone like you on on

503
00:44:04,342 --> 00:44:07,722
X. They're probably not listening to Natalie's podcast. They probably haven't read the Bitcoin

504
00:44:07,722 --> 00:44:16,561
standard. And there seems to be this this gap. And what bothers me about that is I agree,

505
00:44:16,642 --> 00:44:20,382
like everyone gets Bitcoin at the price they deserve to some degree. But there are probably

506
00:44:20,382 --> 00:44:26,102
families in particular with very much untapped potential for what they could be doing,

507
00:44:26,102 --> 00:44:32,462
building the Bitcoin space, adding to the Bitcoin circular economy, you know, raising their kids on,

508
00:44:32,462 --> 00:44:36,622
you know, on a Bitcoin standard, educating their kids about things that you kind of,

509
00:44:36,702 --> 00:44:41,902
it's optimal to have both, you know, parents on board for that kind of thing, or, you know, both,

510
00:44:42,042 --> 00:44:49,942
uh, husband and wife, um, in lockstep. And so, uh, I, I feel like this is a,

511
00:44:50,561 --> 00:44:57,142
like, I'm not like a, a diversity equity include an inclusion guy, but I am cognizant of the,

512
00:44:57,142 --> 00:45:03,482
the impact of not having people who everyone can relate to. And I feel like that's kind of the gap

513
00:45:03,482 --> 00:45:10,402
I felt maybe taking place. Yeah, I can see that. It's kind of a mixture in my mind of like,

514
00:45:10,942 --> 00:45:17,061
you know, if you're thinking about gender roles, like the man should, or, you know, typically,

515
00:45:17,242 --> 00:45:22,962
traditionally, man take care of the finances in that sense. But now things have changed,

516
00:45:22,962 --> 00:45:26,222
Obviously, like women are working more now, making their own money.

517
00:45:27,042 --> 00:45:33,282
So they should definitely start to understand it as society changes and they have more responsibilities.

518
00:45:34,202 --> 00:45:37,942
And, you know, it's just kind of stressful to learn about money, to be honest.

519
00:45:38,061 --> 00:45:42,102
Like learning that the U.S. dollar is corrupt and devaluing.

520
00:45:42,102 --> 00:45:48,142
that's a lot to handle, especially when you start realizing it affects every single aspect of your

521
00:45:48,142 --> 00:45:53,702
life down to like, you know, they're putting fillers in food because it's cheaper to make

522
00:45:53,702 --> 00:45:59,442
and the buildings are, you know, cheaper supplies. Nothing is as good quality anymore.

523
00:46:00,782 --> 00:46:06,202
I don't know if women want to take on that stress on top of all the other stresses that they have.

524
00:46:06,802 --> 00:46:07,682
It's a lot.

525
00:46:08,402 --> 00:46:09,182
Terrible. Yeah.

526
00:46:09,182 --> 00:46:16,842
yeah yeah i think i think you're probably onto something and yeah again like every every family

527
00:46:16,842 --> 00:46:23,202
is is unique like when i was with my wife's family over thanksgiving and uh i was talking to one of

528
00:46:23,202 --> 00:46:29,842
her cousin's wives and this gal like she and i were on board like on the same page on everything

529
00:46:29,842 --> 00:46:35,081
like she was uh she was surprising me with some of the the crazy things she said which you know i

530
00:46:35,081 --> 00:46:41,962
would not ever say online and uh and but she's not a bitcoiner but like she's perfectly primed

531
00:46:41,962 --> 00:46:47,581
to be a bitcoiner i was like i see a lot of that online too yeah i was like you you are so close

532
00:46:47,581 --> 00:46:52,382
like you you just need a nudge like order the bitcoin standard right now order the big print

533
00:46:52,382 --> 00:46:57,282
go to a little bit of reading like she she'll i'm if she's not already a bitcoiner you know

534
00:46:57,282 --> 00:47:02,962
at christmas time or just past christmas time i'd be very surprised uh i i haven't circled back but

535
00:47:02,962 --> 00:47:03,962
I probably should.

536
00:47:04,462 --> 00:47:06,682
I think it's just a lot of people need the right nudge.

537
00:47:06,802 --> 00:47:22,423
And that why that why I want to encourage people who if you have any sort of propensity toward starting a podcast writing a book starting a blog a newsletter do it because you just have no idea if maybe your voice is going to

538
00:47:22,423 --> 00:47:27,442
be the voice that someone needs. And, you know, it's, it's going to be like a wildfire at some

539
00:47:27,442 --> 00:47:32,643
point. Like we've got like the spark burning, you know, that, that is Bitcoin and we just need

540
00:47:32,643 --> 00:47:37,923
families. We need communities, everyone getting on board. So I appreciate that you're, you know,

541
00:47:37,923 --> 00:47:42,482
you're doing your part in all of this and you've got a Bitcoin business and you're not, you know,

542
00:47:42,523 --> 00:47:48,182
telling people to put crap on their skin. It's all the it's all the little pieces.

543
00:47:48,663 --> 00:47:54,942
So are there any other things that you so you've you've opted out into better money,

544
00:47:55,002 --> 00:48:00,823
you've opted out into better diet? You know, you've opted out into running your own business

545
00:48:00,823 --> 00:48:07,323
and not working as a fiat slave. Are there other ways that your life has been changed radically or

546
00:48:07,323 --> 00:48:16,002
even in small ways since finding bitcoin i feel like those are definitely the bigger ones um

547
00:48:16,002 --> 00:48:23,643
i feel like it's just shocking to look at just all the quality of everything down to like clothes

548
00:48:23,643 --> 00:48:29,462
you're buying you know there's polyester and all this other stuff and like recycled things

549
00:48:29,462 --> 00:48:35,363
plastics in our clothes you got to start thinking about so that's kind of probably the next round

550
00:48:35,363 --> 00:48:40,363
wave for me. I've been getting rid of clothes and figuring out what to keep and what not to keep.

551
00:48:40,582 --> 00:48:46,102
I've lost a lot of weight the last year or so. I'm down like 26 pounds, which is kind of crazy.

552
00:48:46,663 --> 00:48:51,163
I had some personal things, so it gained a little bit of weight, but yeah. Thank you.

553
00:48:51,523 --> 00:48:59,923
And so that's probably the next wave is clothes. I've started down that rabbit hole. So I'm wearing,

554
00:48:59,923 --> 00:49:05,702
I wear cotton, you know, pretty much all day. Yeah, I still have, you know, some of my workout

555
00:49:05,702 --> 00:49:09,762
clothing is still polyester. I can probably there are some good brands that seem to be out there

556
00:49:09,762 --> 00:49:14,182
that I could migrate away from any synthetic materials. It's sort of a work in progress,

557
00:49:14,182 --> 00:49:18,523
because I want to just dump everything and spend a bunch of money on, you know, a whole new wardrobe.

558
00:49:18,523 --> 00:49:23,123
But I'm like piece by piece putting that together. So you're sort of the early stages of that.

559
00:49:23,383 --> 00:49:26,942
I'm in the early stages of that still kind of working through the clothes that I had.

560
00:49:26,942 --> 00:49:32,663
I had a lot of clothes from the blogging days and they're not great quality, but it's just like a lot.

561
00:49:32,782 --> 00:49:35,082
So I'm just kind of going through that, getting rid of some things.

562
00:49:36,403 --> 00:49:46,482
And I guess like the next portion is that like once I found Bitcoin, I just and you're thinking about money, how the U.S. dollars are valuing.

563
00:49:46,802 --> 00:49:50,802
You can buy these assets and and live off of those and different things.

564
00:49:50,802 --> 00:50:02,422
I just don't feel like I could go back to a nine to five unless it was something like like a Bitcoin company or like something very unique, helping a friend, this and that kind of thing.

565
00:50:02,422 --> 00:50:10,563
I couldn't go back to a traditional corporate nine to five ever knowing that like how money devalues over like 20, 40 years.

566
00:50:10,683 --> 00:50:17,742
And I tweet about this a lot and that those tweets definitely make me laugh for sure, because like it just wrecks your brain.

567
00:50:17,742 --> 00:50:23,742
it kind of ruins your life from like having a stable income thank god the price goes up

568
00:50:23,742 --> 00:50:28,863
i think i saw was it one of your tweets you like took a picture of a it was like a picture of a

569
00:50:28,863 --> 00:50:34,222
cubicle or something or a couple cubicles yeah what was your tagline on that i i remember seeing

570
00:50:34,222 --> 00:50:41,683
that it was something like a bit i look it up i tweet so much my entire bitcoin thesis is never

571
00:50:41,683 --> 00:50:48,782
end up here. Yeah. Yeah. And the funny thing is I spent 10 years of my life working in that

572
00:50:48,782 --> 00:50:54,543
environment. Never really crossed my mind at the time. And now as a Bitcoiner, I feel like I've,

573
00:50:54,543 --> 00:51:01,343
you know, the veil has been lifted and I'm like, oh my, that looks brutal. I can't believe people

574
00:51:01,343 --> 00:51:06,482
have to go spend, you know, eight hours a day, you know, working in that environment.

575
00:51:06,722 --> 00:51:10,102
There's so many aspects of it too, because you're working there thinking you're going to be able to

576
00:51:10,102 --> 00:51:14,383
buy a house and have a family and all this other stuff and you're just realizing that the math isn't

577
00:51:14,383 --> 00:51:18,563
mapping and you're like why don't I just go do what I want to what I want to do and be creative

578
00:51:18,563 --> 00:51:23,802
have like a podcast or like create a product or do like anything it might suck in a little while

579
00:51:23,802 --> 00:51:29,982
like but you can you know convince yourself that okay these three years are gonna suck but

580
00:51:29,982 --> 00:51:35,722
at least it's not 60 years of doing this that sucks and I don't have anything at all and I'm

581
00:51:35,722 --> 00:51:40,023
not gonna retire I could do this thing that I enjoy for a couple years and if it fails I'll

582
00:51:40,023 --> 00:51:48,183
just go back to that anyway. Right. Yeah. I'm, I'm really grateful that I found Bitcoin after I'd

583
00:51:48,183 --> 00:51:53,643
started my own company, was working from home and I was out of that environment because I think like,

584
00:51:53,702 --> 00:51:59,043
I think the switch would have flipped and I would have been banging my head against a wall every day,

585
00:51:59,043 --> 00:52:05,323
like screaming in agony because I've, because I'd finally have awakened, awoken to what it was I was

586
00:52:05,323 --> 00:52:11,683
doing with my life. But again, I understand though, there are a lot of people in that environment who,

587
00:52:11,843 --> 00:52:16,143
first of all, many people who thrive, they're very good at their work, very competent, smart people,

588
00:52:16,143 --> 00:52:21,242
and many providing real value to society. There are a lot of people though, unfortunately,

589
00:52:21,403 --> 00:52:27,143
by virtue of the corruption of our monetary system, who maybe don't realize just how

590
00:52:27,143 --> 00:52:33,543
dystopian the blue-lit cubicle life is, but they realize that what they're doing is not fulfilling,

591
00:52:33,543 --> 00:52:40,782
but they have to make ends meet. Like their only option is to stick with it. And I'm like,

592
00:52:40,823 --> 00:52:44,782
what I, what I hope to do is not make those people depressed that they could have opted out for so

593
00:52:44,782 --> 00:52:51,242
long, but to give them hope that there is an opt out that didn't exist, you know, 10 years ago when

594
00:52:51,242 --> 00:52:56,202
they started that journey, but better late than never that you start down this path toward, you

595
00:52:56,202 --> 00:53:00,302
know, a better future. And I think that like, to me, that's what Bitcoin represents. And we're

596
00:53:00,302 --> 00:53:06,002
fortunate to be at a point in time where we really are early and people have that opportunity because

597
00:53:06,002 --> 00:53:10,683
someday the only someday your only option is going to be to go to work and hopefully it's better type

598
00:53:10,683 --> 00:53:14,922
of work that people have but to go to work and earn bitcoin because you can't exchange fiat for

599
00:53:14,922 --> 00:53:19,823
it at some point in the future because fiat isn't a thing so at least that's my thesis i'm curious

600
00:53:19,823 --> 00:53:25,563
if you agree with that yeah i think so 100 and i feel like they'll have to work less years because

601
00:53:25,563 --> 00:53:29,782
bitcoin will go up in value and they'll be able to like retire and then that money will also be

602
00:53:29,782 --> 00:53:34,962
going up as well instead of like people's retirements now if you don't have a pension

603
00:53:34,962 --> 00:53:41,282
that's just like cash flow coming in you're living off of you know a 401k or a Roth IRA and those

604
00:53:41,282 --> 00:53:45,683
aren't working like people are seeing now that was one of the first things I read the book

605
00:53:45,683 --> 00:53:51,462
unshakable by Tony Robbins and that he was kind of calling 401ks out in there and I was like wow

606
00:53:51,462 --> 00:53:58,102
the 80s that's crazy I thought that these were around for forever um and so yeah I feel like

607
00:53:58,102 --> 00:54:03,262
if you're working a job right now, like for me before, when I was working in corporate,

608
00:54:03,262 --> 00:54:07,663
I was kind of investing here and there, but not really. I didn't know much about it.

609
00:54:08,363 --> 00:54:13,602
That's why I went and moved to Colorado when I started buying courses on technical analysis and

610
00:54:13,602 --> 00:54:19,683
like things like that, which, you know, you have to find the right one. That first one was not as

611
00:54:19,683 --> 00:54:25,302
great. My second one was pretty good. And like, even if you don't day trade or something, you

612
00:54:25,302 --> 00:54:29,543
still need to learn how to invest and find good companies that are undervalued and like do a bunch

613
00:54:29,543 --> 00:54:34,023
of research to take your paycheck that you're working at that nine to five and put it into

614
00:54:34,023 --> 00:54:38,242
something because you can't just do the nine to five right now with how everything is devaluing

615
00:54:38,242 --> 00:54:44,722
you have to do something else and i don't think having you know doing a nine to five and doing

616
00:54:44,722 --> 00:54:49,602
uber or like a side hustle like that's great but you still have to know how to invest it it still

617
00:54:49,602 --> 00:54:53,123
has to be gaining value and compounding throughout the years if you want to like

618
00:54:53,123 --> 00:54:59,883
live comfortably and retire at a decent age yeah i think of i think of bitcoin is like the the

619
00:54:59,883 --> 00:55:05,323
dummy proof way of doing that yes and if you're someone who like i think i think everyone's

620
00:55:05,323 --> 00:55:12,782
primary savings vehicle should be bitcoin i like i don't like like options trading some of the stuff

621
00:55:12,782 --> 00:55:18,222
you've talked about not interesting to me first of all because i like i'd suck at it i i view

622
00:55:18,222 --> 00:55:25,063
like what I've come to view every aspect of my life to be is an opt in or an opt out of the fiat

623
00:55:25,063 --> 00:55:31,802
system. And to the best of my ability, I just want to opt out 100 percent of the time. That said,

624
00:55:31,802 --> 00:55:39,063
I understand that there are that, you know, if you're a professional investor, if you have a lot

625
00:55:39,063 --> 00:55:44,902
of experience, you might say Bitcoin is my savings vehicle. And I see opportunities that exist beyond

626
00:55:44,902 --> 00:55:49,823
just stored Bitcoin to, you know, go make additional money and, you know, hopefully then

627
00:55:49,823 --> 00:55:54,102
put it back into Bitcoin and, you know, continue to store and preserve your value there.

628
00:55:54,543 --> 00:55:57,123
But I think I've softened.

629
00:55:57,222 --> 00:55:59,883
I was kind of just hardcore, like 100 percent Bitcoin.

630
00:56:00,123 --> 00:56:06,183
I've softened my stance to there needs to be capital in the economy going toward productive

631
00:56:06,183 --> 00:56:10,063
things and investing in businesses and startups.

632
00:56:10,502 --> 00:56:14,563
And, you know, I mean, someone needs to build homes for people to live in.

633
00:56:14,563 --> 00:56:16,823
And then, you know, like all of those things require capital.

634
00:56:17,282 --> 00:56:19,363
And so there are opportunities, I think.

635
00:56:19,462 --> 00:56:23,063
I just think I think a lot of it feels just like noise to me right now.

636
00:56:23,102 --> 00:56:26,002
And someday on a Bitcoin standard, it'll be much more clear to me.

637
00:56:26,043 --> 00:56:27,703
What are the real investment opportunities?

638
00:56:27,922 --> 00:56:28,282
Exactly.

639
00:56:28,282 --> 00:56:31,183
And all the speculation will kind of be washed by the wayside.

640
00:56:31,582 --> 00:56:38,962
Yeah, because you'll be like trading in Bitcoin, but you'll be buying like Microsoft shares with Bitcoin and you'll get Bitcoin back.

641
00:56:39,063 --> 00:56:43,643
You're not going to be trading with the dollar and getting dollar back in a sense.

642
00:56:43,643 --> 00:56:48,582
But like right now, if you think about what most people do is most people are buying an index fund.

643
00:56:48,823 --> 00:56:56,623
They're buying the S&P 500 and they know nothing about 490 companies in that fund.

644
00:56:56,742 --> 00:56:58,222
They know nothing about them.

645
00:56:58,442 --> 00:57:07,023
And the only thing they know about the top 10 are Microsoft makes software and Apple makes computers and Tesla makes, you know, EVs.

646
00:57:07,102 --> 00:57:08,623
And like, that's it.

647
00:57:08,683 --> 00:57:13,143
They don't know anything about the underlining fundamentals, what the market cap potential is.

648
00:57:13,143 --> 00:57:16,683
They know nothing about, you know, not reading their quarterly reports.

649
00:57:16,843 --> 00:57:17,782
I mean, nothing.

650
00:57:18,123 --> 00:57:22,063
And to me, I used to think like, oh, investing is, you know, the S&P 500.

651
00:57:22,242 --> 00:57:23,343
No, like that's speculating.

652
00:57:23,502 --> 00:57:25,402
You know nothing about any of the companies.

653
00:57:25,402 --> 00:57:31,002
Like maybe it's worked historically, but, you know, past returns are no indication of a future return.

654
00:57:31,102 --> 00:57:33,363
So it's speculating in my view.

655
00:57:33,502 --> 00:57:36,023
And Bitcoin to me, once you learn enough about it, just isn't that.

656
00:57:36,143 --> 00:57:39,722
So I'm like, I'm just, you know, I'm just comfortable and happy saving in Bitcoin.

657
00:57:39,722 --> 00:57:51,722
And until, you know, until it becomes very evident to me that there's another opportunity that could exceed the potential of Bitcoin from an investment perspective and I think would add value to the world.

658
00:57:51,802 --> 00:57:53,663
I'm just I'm not particularly interested.

659
00:57:54,442 --> 00:57:56,102
Right. Yeah. Yeah.

660
00:57:56,102 --> 00:58:00,023
So I'll let you run with this subject because we're about at time.

661
00:58:00,282 --> 00:58:04,323
So my final question for everyone is what is an unpopular opinion that you have?

662
00:58:04,703 --> 00:58:06,383
Bonus points if you offend some Bitcoiners.

663
00:58:06,683 --> 00:58:08,383
Why don't you I know what you're going to say.

664
00:58:08,383 --> 00:58:10,782
So why don't you carry on with this discussion?

665
00:58:11,102 --> 00:58:13,962
Yeah, it is kind of tying into like what we were just talking about.

666
00:58:14,262 --> 00:58:17,222
I'm not like 100 percent, 100 percent in Bitcoin.

667
00:58:17,462 --> 00:58:19,402
I have a little bit that I day trade with.

668
00:58:19,683 --> 00:58:21,363
I don't think everyone should day trade.

669
00:58:21,363 --> 00:58:30,222
It's very it's like mastering yourself in the psychology and being patient after you've learned like the basics of trading.

670
00:58:30,422 --> 00:58:31,222
So it's not for everyone.

671
00:58:31,222 --> 00:58:37,742
But like, I do feel like it's important to learn how to invest in some aspects.

672
00:58:38,222 --> 00:58:44,183
And especially if Bitcoin is so volatile right now, you know, you have to do your risk tolerance.

673
00:58:44,703 --> 00:58:48,043
And some people are like, oh, my risk tolerance means everything in Bitcoin.

674
00:58:48,282 --> 00:58:56,942
But for some other people, like going from 126K down to, you know, right now we're, we've bounced back up.

675
00:58:56,962 --> 00:58:58,323
But I know we're going to go up forever.

676
00:58:58,323 --> 00:59:04,563
but like you know if it goes down to like 50k some like in 2021 when that happened it went up

677
00:59:04,563 --> 00:59:11,442
to like 69 and then went down to maybe 15k that was shocking for me um i knew i had a high conviction

678
00:59:11,442 --> 00:59:15,582
so i wasn't worried and i bought the dip but like for people who got into it because someone told

679
00:59:15,582 --> 00:59:21,602
them to buy it that's a lot they probably would have freaked out probably sold and um so i feel

680
00:59:21,602 --> 00:59:27,742
like for like for bitcoiners they need to come towards people in the sense of like understanding

681
00:59:27,742 --> 00:59:33,902
their situation, not just like, oh, put all your money in Bitcoin. There's different aspects of

682
00:59:33,902 --> 00:59:39,242
things like going on in people's lives. Like I need money for a golden tallow. Like I have to

683
00:59:39,242 --> 00:59:44,462
use US dollar for that right now because of the capital gains tax. And eventually it won't be an

684
00:59:44,462 --> 00:59:49,002
issue when I can hire an accountant to do a lot of that kind of stuff, figuring out capital gains

685
00:59:49,002 --> 00:59:57,183
on all the different transactions. But it's kind of messy right now in that sense for me. And yeah,

686
00:59:57,183 --> 01:00:00,843
that's kind of that's kind of my off the wall i feel like it's okay to spend money

687
01:00:00,843 --> 01:00:06,422
on different things that aren't bitcoin i know a lot of people are like oh stocks are shit coins

688
01:00:06,422 --> 01:00:10,602
and this and that but they're companies that produce good stuff they're not like nfts nfts

689
01:00:10,602 --> 01:00:17,422
are scams and definitely some of those projects are definitely scams but you know microsoft does

690
01:00:17,422 --> 01:00:24,063
make the software it's good i agree i i think where i tend to land at this stage uh and by the

691
01:00:24,063 --> 01:00:31,523
Great unpopular opinion. You'll piss some people off with that. I would rather at this point

692
01:00:31,523 --> 01:00:37,222
find something close to home where I can meet the founder. They have an interesting idea.

693
01:00:37,222 --> 01:00:42,902
I can put my weight behind it, certainly contribute capital if that's what they need, but also

694
01:00:42,902 --> 01:00:49,502
make any connections I can for them in any way that I can not just invest capital, but I can

695
01:00:49,502 --> 01:00:54,363
sort of invest myself and really take the time to understand what it is and have conviction that

696
01:00:54,363 --> 01:00:58,703
not only is this possible, but it's also a net benefit to the world. It's something I align with.

697
01:00:59,343 --> 01:01:02,982
And to me, like that's the best kind of investment. If it's not a business that you're going to start

698
01:01:02,982 --> 01:01:07,462
yourself, like what are the, you know, who are the people around you who you could support as well?

699
01:01:07,523 --> 01:01:12,302
But I do agree with you, obviously, Microsoft, NVIDIA, they're making real world tools that

700
01:01:12,302 --> 01:01:16,563
people actually use or providing value, whether you like everything that the companies do or not,

701
01:01:16,563 --> 01:01:19,383
that's sort of beside the point

702
01:01:19,383 --> 01:01:22,242
that they're providing value in sort of their domain.

703
01:01:22,762 --> 01:01:25,383
So Kit, I think you nailed it.

704
01:01:25,523 --> 01:01:27,543
I'll wait to see what the comments look like

705
01:01:27,543 --> 01:01:29,823
when we publish this.

706
01:01:30,262 --> 01:01:31,982
So Kit, thank you so much for your time.

707
01:01:32,043 --> 01:01:33,602
It's been a blast talking with you.

708
01:01:33,663 --> 01:01:35,282
Why don't you tell people where they can find you?

709
01:01:35,623 --> 01:01:37,402
Tell them again where to get Golden Tallow

710
01:01:37,402 --> 01:01:38,663
and anything else you want to share.

711
01:01:38,982 --> 01:01:43,722
Yeah, you can find me on X on Kit underscore sats,

712
01:01:44,262 --> 01:01:46,502
kind of like on the username right there.

713
01:01:46,563 --> 01:01:50,982
And then you can go to goldentallow.com and check us out there.

714
01:01:52,023 --> 01:01:52,383
Perfect.

715
01:01:52,582 --> 01:01:53,782
Kit, thank you so much for your time.

716
01:01:53,922 --> 01:01:55,323
I look forward to staying in touch with you.

717
01:01:55,643 --> 01:01:56,722
Thanks for having me on.

718
01:01:56,863 --> 01:01:57,222
And likewise.

719
01:01:58,123 --> 01:01:58,482
Bye.

720
01:01:59,023 --> 01:02:00,262
And that's a wrap again.

721
01:02:00,383 --> 01:02:02,143
I hope you enjoyed my conversation with Kit.

722
01:02:02,222 --> 01:02:03,242
Go check out Golden Tallow.

723
01:02:03,442 --> 01:02:04,262
Follow her on X.

724
01:02:04,343 --> 01:02:05,543
She's a lot of fun to follow.

725
01:02:06,043 --> 01:02:09,942
And of course, if you would do me a huge favor, if you enjoy this podcast, give us a like,

726
01:02:10,023 --> 01:02:14,302
subscribe, comment, reshare it with someone that you think might be interested.

727
01:02:14,302 --> 01:02:20,222
We would really appreciate any effort to help us feed the algorithm and get our message of self-sovereignty out to the rest of the world.

728
01:02:20,722 --> 01:02:23,942
And of course, you can go to thebitcoinway.com slash podcast.

729
01:02:24,242 --> 01:02:27,102
You can schedule a free 30-minute consult with a member of our team.

730
01:02:27,582 --> 01:02:32,222
Talk you through how we can help you with proper Bitcoin self-custody, doing it the right way with no counterparty risk.

731
01:02:32,643 --> 01:02:36,442
How we can help you with setting up a privacy phone, protecting your privacy online.

732
01:02:36,663 --> 01:02:39,203
We even have a plan B residency option.

733
01:02:39,442 --> 01:02:42,302
Everything you need for self-sovereignty in your life.

734
01:02:42,302 --> 01:02:45,043
Again, that's thebitcoinway.com slash podcast.

735
01:02:45,643 --> 01:02:50,442
Until next time, stay safe, stay sovereign, and remember, the yield on Bitcoin is freedom.