CD210: SOAP MINER - YOU CAN JUST DO THINGS

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Transcription provided by Podhome.fm
Created: 7/28/2026 5:55:08 PM
Duration: 5084.16
Channels: 1

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Happy Bitcoin Tuesday, freaks. It's your host, Odell, here for another civil dispatch.

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The show focused on actual Bitcoin and freedom tech discussion.

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The current fiat time is 07/28/2026

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at sixteen hundred

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UTC.

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You guys will be listening to this in a few hours. I like to get it up right away.

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In Bitcoin time, the current block height is nine five nine nine nine four.

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Sats per dollar is

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1,567

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sats. And the Bitcoin price is $63,819.

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As always,

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Dispatch has no ads or sponsors. It's brought

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brought to you guys by viewers like you. So thank you for supporting the show with

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your hard earned stats.

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I know money is tight right now in the throes of a bear market.

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Our easiest

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way to support the show is through podcasting two point o apps like Fountain Podcasts

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or through Noster apps like Primal and Wisp.

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Every show gets posted, hashed, and signed to Noster. You can find the Noster account at primal.net/citadel.

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The highest SAPs from last week's show was PGS design

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with 10,000 SAPs. He says BTC plus plus is the world dev glue man,

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Exclamation point. Mav 21, ride or die free except 10,000 sats. He said great rip. And then rounding it out in the highest apps, we have Liberty farmer ride or die free man behind hamster

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project bringing Noster to ham radio

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with 5,000 sets. He says great rips lately. Keep it up. Thank you freaks for continuing to support the show as always every link and every everything you need is that stilldispatch.com,

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or you can search still dispatch in your favorite podcast app. Open up your friends and family's phones, Search little dispatch. Press subscribe.

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Let them get that sweet, sweet signal.

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Freaks. I've been, you know, it's I've been I've been feeling the vibe lately. We've been running with some, I think, some really great shows. This one is going to be no different. I'm really looking forward to it.

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But before we get there, just a little heads up

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on some

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planning.

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Next week, we're gonna have Crypto Cloaks on. I just got my first three d printer. I'm pretty excited about it. I'm really excited about the concept of it being like almost a physical extension of

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my robot slaves, my LLMs.

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And then we're gonna do Enclavia,

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which is a

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which is a a way to build and secure elements in the cloud. Anyway,

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freaks.

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Great show lined up today. We have a ride or die freak. We have a legend among men. He keeps my family clean.

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We have the one and only soap miner. How's it going, sir?

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Hey. Thank you, brother, for having me on.

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It's a pleasure. I've been looking forward to this one. It took a little bit of coaxing.

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I know you

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this is your first podcast.

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No, I think it's my second or third. I'm not real, not real big on them.

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I love it. Well, you're, you're big on listening. You listen to Robert O' recap every week. Every week, brother. Been doing it for probably

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four or five years now.

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Love it. So soap,

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soap miner without doxing his age is a little bit older than myself.

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I'm 58.

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Okay. We're docs. So we everyone needs to to give him credit for getting the the technical details set up to be able to join us for this podcast. He was a little bit concerned about it. Thank you, sir.

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Hey.

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I

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had to

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hell, it took it took me two

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months to set up my website. I had to watch video after video after video in order to do that.

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It's funny too, because now it'd probably be much easier with all the AI stuff, but it works. Yeah, probably.

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I haven't been able to tell. Yeah. Go on. Go ahead.

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No. That, I mean, that's part of what I want to go into here because I mean, your website's completely usable. You accept Bitcoin,

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the website's soap miner.

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Soapminer.com.

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Yeah. If only the best money. If you want the best soap, you need to pay with the best money. How did soap miner doc how did this this business

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come about? What is the origin story of of SoapMiner?

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Well, you're going to get glazed a little bit here. Okay. But,

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during the,

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you know, when we had the COVID

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scam,

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you know, nothing better to do, sit at home. I was already a Bitcoiner.

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And, so just watching some YouTube videos and came across, you know, these soap videos and

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started looking at all the processed stuff, you know, the foods, the skincare, everything

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that corporations

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build nowadays is just pure poison for people. And, started watching these videos and started learning how to make soap.

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Well,

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then,

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you know, like I said, I'd been watching you and Jeff Booth. Both of y'all were

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proponents.

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I mean, very big proponents of the Noster system. And, y'all both said something that kind of struck me as like, it's kind of like being the first into Bitcoin.

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Getting on Noster would be the first,

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similar, very similar.

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So I was like, okay, well, I want to make Bitcoin.

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I want to conduct a business.

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So I kind of put those together

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and I was like, okay, well, if I'm the first one, Noster,

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maybe I'll be the biggest soap miner.

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And

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then you made it happen.

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Yeah. I mean,

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it's not real hard when you put your mind to it.

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I think a lot of the, I think a lot of people put obstacles in their way that aren't there.

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They out, they overthink it

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instead of just doing it.

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So,

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I just talked on there,

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figured out,

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how to actually get on Nostrad. Back then it was a little bit more difficult. Actually ended up,

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I actually used Albee to get on there to begin with

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because

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I had no idea how to do it.

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So once I hopped on there,

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very first person, you know, because I was like yelling into the void because when you first get on Noster,

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there's no, there's nothing, nobody to interact with. You have to get some followers or something, you know? So I was just yelling into the void. Hey, is anybody there? Anybody there?

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Very first person to dance for me was Derek Ross.

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He's good like that.

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He held my hand.

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What did you like, do you like tag him in a post? You're like, do you exist? Do I exist? No, I didn't. No, I was just yelling into the void. I was like, Hey, is anybody He

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was just checking global and just Yeah, I guess. And he was like, yeah, dude, what do you need?

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Sure enough.

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Yeah.

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And after that, I mean, I just started getting followers. After

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a couple of days, I let everybody know what I was about, you know,

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started selling soap to people right over and over. Grinding it out.

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I, so I didn't know that. I mean, your soap is fucking awesome.

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You Thank just you you self taught yourself that six years ago, and I guess have you've improved your your processes,

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I assume, over the years? Yeah.

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It's definitely an improvement from where it started at. If you look at some of the pictures that I first posted on Noster

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versus some of the stuff that I have now, you'll see a definite improvement.

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I think we all, I mean,

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I think we all keep growing as, you know,

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we keep doing stuff.

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I

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like to constantly improve

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on anything that I do.

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That's why I've started making like, you know, deodorant,

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lip balms,

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things of that nature. I want to, I want to do it all. And how does that process work? That's, are you, it's YouTube videos?

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YouTube videos, man.

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I mean,

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I know a lot of people dislike YouTube, but man, they got some good stuff on there. I mean, that's where I found out how to stuff on YouTube is great. Yeah. Mean, it's it's great seeing the hand like, hands on. I learn better that way. Mhmm.

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It's hard to, like, read text and then try things. Like, if I if I if I need to figure out a new skill or something, it's good to see someone else doing it. Right?

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Well, I think that's why Ben is so good.

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Yeah.

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Even though I do think it's

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it's a failure of a lot of the tools that requires,

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you know, long videos, at least on the Bitcoin side.

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Like, it's one thing if, you know, I'm trying to, like, figure out how to, like, repair something in my truck.

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Like, you're never gonna make that simple enough for it to just work, but I feel like a Bitcoin wallet shouldn't require a two hour YouTube video.

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Does that make sense? Or a Noster app, right? A Noster app shouldn't require a two hour YouTube video. You should just install the app and it should just work the way you expect it to for the most part.

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Well, and that's, I think that's a lot of the problem that we have with a lot of the tools that Bitcoiners use. The

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vast majority of people are just like me. They're just not technically skilled.

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I mean,

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you said before that you're technically curious,

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but a lot of us aren't, you know?

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I just want it to work.

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I don't want to have to sit there and figure out how it works. I just want it to work.

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So, yeah, but I think we've come a long way. I mean,

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it's easier to get on Nostril now.

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It's easier to use the tools, even though I don't understand all the nips that go on.

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So, I mean, I still like Nostril. I mean, it's

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kind of fell a little bit into the doldrums right now, but think the bear market, the bear market hurts it because it's mostly Bitcoiners or there's a lot of Bitcoiners.

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Yeah.

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It tends to be an echo chamber for us. The truth of matter is, I mean, the same thing happens with the larger socials.

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Right? Like,

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you just don't see it because there's non Bitcoin conversation happening at the same time. But Bitcoiners in general during bear markets, you see less conversation happening online.

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You tend to see less conversation happening in person.

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The conversation that does happen online tends to be like,

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more like lame, gay and hateful.

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Yeah. Like comes to the territory and Nastra is a microcosm of that, I think, has a lot of the same derivative issues, but it just gets amplified in a big way.

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Yeah, would say, I mean, especially right now, there's a lot of hate going on, you know, obviously over the fight.

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But

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I don't know. I just want to get back to, separating

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state from money.

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Money from state rather.

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That's what I want to get back to. I'm kind of over the arguing

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over how it's supposed to be conducted.

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So on that topic, why Bitcoin only? Why don't you accept,

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dollars like everybody else?

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Because I think that we need to nudge the Overton window.

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I think that

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we need to make it

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the norm to use Bitcoin as money.

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If you've got an out, then you're propping that system up. If you use dollars, you're still propping that dollar system up.

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If you don't use it, you're not propping it up anymore. And the less people that use it, the faster

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it dies.

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The more people that use Bitcoin,

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the faster that it propagates and the faster that it rises as the only currency in the world.

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That's my thought anyway. Accelerate.

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I also think

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when

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you talk about merchant adoption, there's a bunch of different

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ways that looks, but the, like,

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the strongest fundamental merchant adoption is is small businesses that want Bitcoin

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that only accept Bitcoin. And if you want their product, then you have to figure it out.

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Right?

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That's exactly correct. And

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anybody that wants to start a business, let me tell you, Bitcoiners are the most loyal customers that you will ever find.

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If you create and you produce a quality product,

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people are going to keep coming back to you.

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They're just going to keep doing it. Bitcoiners want, you know, they want sound money. They want sound products as well. And

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when you produce that sound product, they're going to keep coming back to you.

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Agreed.

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I mean, and specifically here, I mean, on your website,

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you're using Zaprite.

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Yeah. Which, I mean, first of all, disclosures is a ten thirty one portfolio company,

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but

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the,

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the, the premise of Zaprite was twofold.

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First off was it needs to be easier for people that want to accept Bitcoin to accept Bitcoin. And my guess is that's one of the reasons you founded and chose it. But the second reason it exists is

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most people that wanna accept Bitcoin also wanna accept dollars side by side. So it actually could be relatively easy for you to accept dollars and you're choosing not to,

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which I respect.

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I think that if we want to push the Overton window, we've got to nudge it that way. I don't see how we nudge it that way if we're using bimetalism

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to where you're If using both dollars and

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you want to move

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to a completely Bitcoin system, hyper Bitcoinization to where everybody in the world uses Bitcoin,

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then shouldn't you push for that instead of giving them an out?

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Giving them an

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out. You're

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allowing them to use rails

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that we want to destroy.

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And if we want to destroy those rails, why would we keep using those rails?

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That doesn't make sense to me philosophically.

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It's actually kind of interesting. Right? Cause I feel like

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someone who doesn't

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already have Bitcoin or no Bitcoin, if they find your website, if they're recommended, right? If they're recommended your website, and they're told this is amazing natural,

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natural soap,

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and you should buy your soap from here, or they're gifted. Maybe they're gifted. So I've been giving your bars out as gifts. I think they're great gifts. And then they're so

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the nice thing is because it's not Fiat, so it actually lasts a while. But let's say, like, a couple months down the line, it finally runs out, and they want to buy some more. I almost feel like a non Bitcoin or would be like, okay, I got to figure out this Bitcoin thing and pay this guy in Bitcoin in order to get

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soap.

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It's it's a it's a weird premise where

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I think you almost get more pushback

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for not accepting dollars

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from existing Bitcoiners.

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Do you agree with that? I do. And it's kind of weird to me. I've had quite a few people, you know, reach out even on, even on my posts sometimes when I say, you know, I only accept Bitcoin and they're like, well, that's retarded.

221
00:16:26.670 --> 00:16:34.135
Okay. Well, if you don't understand Bitcoin only, I don't know how to explain it to you. And what's their argument? They don't want to spend their Bitcoin, right?

222
00:16:35.815 --> 00:16:36.455
Yes.

223
00:16:36.855 --> 00:16:40.214
Well, if you don't want to spend your Bitcoin, then you have way too much fiat.

224
00:16:43.280 --> 00:16:47.920
We can either make this money or we can just let it be this store of value asset,

225
00:16:49.280 --> 00:16:55.600
which will eventually decline in value over a period of time, because if you can't use it for anything, what's the point?

226
00:16:57.335 --> 00:16:59.735
Yeah, it's weird that that's

227
00:16:59.735 --> 00:17:03.575
lost on a lot of people. It's the same pool of money. If

228
00:17:05.255 --> 00:17:07.815
you're spending dollars instead of Bitcoin,

229
00:17:08.535 --> 00:17:10.615
that is money that could have been Bitcoin.

230
00:17:11.190 --> 00:17:16.950
And if you're spending your money, that's money that is spending and not saving. Right? It's

231
00:17:17.669 --> 00:17:19.269
coming from the same pool. It's

232
00:17:19.590 --> 00:17:22.469
a very interesting concept. I know there is a group

233
00:17:22.710 --> 00:17:23.750
that

234
00:17:24.625 --> 00:17:25.985
doesn't want the

235
00:17:26.065 --> 00:17:27.184
burden of

236
00:17:28.065 --> 00:17:30.304
paying and recording cap gains.

237
00:17:30.625 --> 00:17:31.264
Man,

238
00:17:32.705 --> 00:17:33.825
also think it's

239
00:17:34.385 --> 00:17:35.745
also lost on people that

240
00:17:37.669 --> 00:17:47.990
you're expected to pay cap gains on profits. It's because you're holding Bitcoin instead of dollars. And so your money has increased in purchasing power over time, which is a wild thing for people to miss.

241
00:17:49.924 --> 00:17:50.644
Well,

242
00:17:51.445 --> 00:17:58.325
I'm not really gonna get into the tax situation. Fair enough. I think I think everybody should just do what they think is right and wrong.

243
00:17:59.765 --> 00:18:00.565
You know?

244
00:18:00.965 --> 00:18:02.244
That's fair enough.

245
00:18:02.565 --> 00:18:03.605
I saw

246
00:18:03.700 --> 00:18:10.820
to to a Bitcoin. I I also thought it was an interesting saw I mean, I see your comments all the time of people

247
00:18:13.140 --> 00:18:29.395
saying like, why why is it Bitcoin only? Why can't I spend the dollars? And I thought one of a good comment that a good response you had was this idea, like, if you feel so strongly about that, then you can go and install strike or one of these other apps and

248
00:18:28.890 --> 00:18:32.490
have your dollars convert to Bitcoin on your side instead of you doing it.

249
00:18:36.730 --> 00:18:38.730
The thing I see is

250
00:18:40.010 --> 00:18:42.970
if you really call yourself a Bitcoiner and

251
00:18:42.970 --> 00:18:44.090
you're all in,

252
00:18:45.545 --> 00:18:50.265
then why aren't you all in? Why do you still have these behaviors

253
00:18:50.505 --> 00:18:51.304
and

254
00:18:53.065 --> 00:18:54.745
these things that you do that

255
00:18:56.345 --> 00:19:00.179
don't show that you're all in? I mean, either you are or you aren't.

256
00:19:00.500 --> 00:19:06.179
I know that we still have to live in the real world. I know that Bitcoin, we're not in Bitcoin hyperization yet,

257
00:19:07.620 --> 00:19:09.060
but

258
00:19:10.915 --> 00:19:12.515
we have to move there.

259
00:19:14.035 --> 00:19:18.915
Sooner or later, you have to put your foot forward and take a step toward that.

260
00:19:20.355 --> 00:19:20.675
So

261
00:19:22.559 --> 00:19:32.399
sitting here, it's kind of like riding the fence to me, I would say. You're either all in on Bitcoin or you're not. It's one or the other. And so

262
00:19:32.640 --> 00:19:33.599
my thinking,

263
00:19:33.919 --> 00:19:35.679
and I could be crazy,

264
00:19:35.840 --> 00:19:36.639
I don't know,

265
00:19:36.960 --> 00:19:37.600
but

266
00:19:38.035 --> 00:19:39.554
I'm all in on Bitcoin.

267
00:19:40.595 --> 00:19:44.274
I'm literally all in on it. I'm I'm ride or die when it comes to Bitcoin.

268
00:19:46.915 --> 00:19:48.355
You can keep your

269
00:19:48.515 --> 00:19:50.034
half of your value,

270
00:19:51.795 --> 00:19:56.570
half of your wealth in dollars where, you know, they're melting away like an ice cube,

271
00:19:56.730 --> 00:19:59.850
or you can put it all into Bitcoin and use Bitcoin as money.

272
00:20:00.170 --> 00:20:02.009
And the faster that we do that,

273
00:20:03.130 --> 00:20:04.649
the more that the

274
00:20:04.890 --> 00:20:07.369
network grows. And when the network grows,

275
00:20:07.770 --> 00:20:08.890
that's when Bitcoin

276
00:20:09.634 --> 00:20:12.834
becomes worth more because it's demanded more.

277
00:20:13.475 --> 00:20:14.834
And when that happens,

278
00:20:14.995 --> 00:20:15.474
it

279
00:20:15.955 --> 00:20:20.674
perpetuates

280
00:20:20.674 --> 00:20:21.394
it

281
00:20:22.450 --> 00:20:25.570
on a scale. What's the word on the exponentially.

282
00:20:25.570 --> 00:20:31.570
It exponentially perpetuates it on that scale. So the bigger the network, the more the network grows.

283
00:20:31.809 --> 00:20:38.424
So on and so forth, so on and so forth. And that's where I think that my head's at. I want people to use it as because

284
00:20:39.144 --> 00:20:40.264
I want that,

285
00:20:41.065 --> 00:20:43.065
like I said, that Overton window

286
00:20:43.625 --> 00:20:45.144
to be nudged forward.

287
00:20:46.985 --> 00:20:48.825
It's a bit of a chicken and egg, right?

288
00:20:49.720 --> 00:20:51.159
A little bit, yeah.

289
00:20:51.960 --> 00:20:52.999
Which is hard.

290
00:20:53.399 --> 00:20:55.159
I know it's difficult for people.

291
00:20:55.559 --> 00:20:57.080
I mean, I got lucky.

292
00:20:58.200 --> 00:20:59.799
I stacked sats when it was cheap.

293
00:21:03.015 --> 00:21:04.294
Is it still cheap?

294
00:21:05.174 --> 00:21:07.494
Oh, it's still way cheap. Okay.

295
00:21:08.375 --> 00:21:14.054
But I got it was a lot cheaper a little bit, just to brag just a little bit. I did get it a lot cheaper.

296
00:21:15.015 --> 00:21:18.269
So, yeah. But, and, and, and I get it.

297
00:21:19.150 --> 00:21:21.230
You're trying to stack well for your family

298
00:21:23.230 --> 00:21:25.389
and you don't want to spend that. But

299
00:21:25.870 --> 00:21:27.070
at the same point in time,

300
00:21:28.765 --> 00:21:31.404
if you're not using it as money,

301
00:21:31.565 --> 00:21:33.325
when is it supposed to become money?

302
00:21:33.885 --> 00:21:37.485
Are we just going to stick with, oh, it's only a store of value?

303
00:21:38.525 --> 00:21:40.285
I mean, it's

304
00:21:40.285 --> 00:21:49.289
kind of silly. It's kind of like gold nowadays. I mean, yeah, you've got people that hold gold, but do you see anybody using gold in a grocery store?

305
00:21:50.570 --> 00:21:55.130
Did you go through a phase where you were trying to spend gold coins with local merchants?

306
00:21:56.165 --> 00:21:57.205
No, never.

307
00:22:00.804 --> 00:22:03.605
Because there there have been attempts. I know people who

308
00:22:05.125 --> 00:22:06.885
do some kind of trade with it.

309
00:22:08.020 --> 00:22:11.780
Yeah. I know people that do some kind of trade with it. I mean, we have a

310
00:22:12.260 --> 00:22:14.340
here in New Hampshire, we have a large

311
00:22:16.340 --> 00:22:23.715
libertarian slash anarchist community up here. The Free State Project. Don't know if you've ever heard of it. Of course. Legendary.

312
00:22:25.075 --> 00:22:30.275
So yeah, there's a lot of people in that that they have no problem with accepting silver or gold.

313
00:22:34.520 --> 00:22:35.559
XRP,

314
00:22:35.720 --> 00:22:36.600
Ethereum.

315
00:22:36.760 --> 00:22:46.920
Yeah. They went really deep on the shitcoins over there. I mean, part of it is because a lot of that community went to Bcash. I didn't want to dox you, but that's why I asked about the gold coins because I know where you're based.

316
00:22:48.035 --> 00:22:50.994
Oh, yeah. I'm in New Hampshire. I'm not worried about that. No.

317
00:22:51.635 --> 00:22:55.475
They're gonna come get me. They're gonna come get me. Good luck. So what

318
00:22:56.275 --> 00:22:58.914
is what is it what are your thoughts on,

319
00:22:59.155 --> 00:22:59.475
like,

320
00:23:00.920 --> 00:23:05.320
I get it was like the Square merchant adoption story of them enabling

321
00:23:05.480 --> 00:23:06.600
4,000,000

322
00:23:06.760 --> 00:23:07.560
merchants

323
00:23:07.560 --> 00:23:12.440
to I think a lot of them are by default. You know, the default converts

324
00:23:12.440 --> 00:23:14.680
it to dollars

325
00:23:14.025 --> 00:23:18.505
unless the merchant goes and changes it in their settings. But just the fact that

326
00:23:19.065 --> 00:23:21.785
we can go to 4,000,000 merchants now and

327
00:23:22.105 --> 00:23:26.345
pay a lightning invoice and get what we need. What your thoughts on that?

328
00:23:26.990 --> 00:23:29.710
I think it's fantastic, honestly. Okay.

329
00:23:30.670 --> 00:23:33.710
Not too long ago, I wasn't really a big fan of Jack,

330
00:23:34.590 --> 00:23:35.150
but

331
00:23:36.430 --> 00:23:38.110
he's kind of changed my mind a little bit.

332
00:23:39.485 --> 00:23:45.245
I think it's really, I think it's really nice, especially when he came out with, when he helped, you know, with BitChat and everything.

333
00:23:45.565 --> 00:23:46.525
But I think

334
00:23:47.325 --> 00:23:49.804
it's, it's going to create more adoption

335
00:23:50.845 --> 00:23:55.960
and it's going to give people a way to adopt it instead of not understanding

336
00:23:55.960 --> 00:24:06.999
anything. It's going to be really simple for them. And the simpler that it's made for the common everyday person, because let's face it, technology is a little bit difficult for the vast majority of humanity.

337
00:24:08.200 --> 00:24:10.039
So the easier that you make it for them,

338
00:24:11.335 --> 00:24:13.734
the more widespread it will be. I mean,

339
00:24:14.774 --> 00:24:17.734
you look back, you know, everybody studied

340
00:24:18.534 --> 00:24:21.255
the history of money in Bitcoin, just about everybody.

341
00:24:23.040 --> 00:24:24.480
Back in the 1940s,

342
00:24:24.480 --> 00:24:29.200
it was almost impossible to convince anybody to accept a credit card.

343
00:24:29.680 --> 00:24:35.440
I think it was the diners club that came out first. It was impossible to get anybody to accept it. What? You're going to just

344
00:24:35.680 --> 00:24:36.560
take a

345
00:24:37.775 --> 00:24:44.735
you're just going to swipe this thing and it's worth money? That doesn't make any damn sense. But look at it now. Everybody has a credit card.

346
00:24:52.430 --> 00:24:55.390
It does seem insane on the surface credit cards. Yeah. They

347
00:24:56.110 --> 00:25:01.789
once in a while, those videos circulate of, like, the early days of credit cards where people were, like, dumbfounded

348
00:25:01.950 --> 00:25:02.910
on how they worked.

349
00:25:04.385 --> 00:25:10.304
And I think most people are dumbfounded on how Bitcoin works. I mean, they still confuse Bitcoin with all the shitcoins.

350
00:25:10.544 --> 00:25:11.264
Right.

351
00:25:12.145 --> 00:25:12.544
You

352
00:25:13.105 --> 00:25:13.664
think

353
00:25:14.145 --> 00:25:19.580
the Square merchant adoption story is a massive net benefit even though it's not Bitcoin only?

354
00:25:20.460 --> 00:25:21.660
I think it is.

355
00:25:25.100 --> 00:25:28.299
Because it gets people that would not be aware of it

356
00:25:29.020 --> 00:25:30.060
to be aware of it.

357
00:25:32.165 --> 00:25:39.845
And it gets merchants like I ask merchants all the time, hey, do you accept Bitcoin? I know they don't, but just to put it in their head.

358
00:25:41.685 --> 00:25:43.605
Yeah. I've done that in the past too.

359
00:25:44.140 --> 00:25:47.179
Yeah. I mean, do you accept Bitcoin? It's

360
00:25:47.179 --> 00:25:50.220
pretty simple just to ask them real quick, to put it in their head.

361
00:25:53.980 --> 00:25:58.540
Went to the extreme. I went to more of the extreme measure. Know. But

362
00:25:59.315 --> 00:26:03.715
let me give you one of the reasons why I'm such an extremist on this.

363
00:26:05.635 --> 00:26:08.195
The soap business is a saturated business.

364
00:26:08.755 --> 00:26:13.635
Right. I mean, there are thousands upon thousands of individual soap makers out there.

365
00:26:15.700 --> 00:26:19.379
You can go to eBay, Etsy, all kinds of places and find them.

366
00:26:20.179 --> 00:26:24.019
Most of them still use poisons, but that's what they do. And

367
00:26:24.580 --> 00:26:28.660
I was watching this video. This is another thing that came into play when I first started,

368
00:26:30.395 --> 00:26:32.874
Came into play, well, you need to have a niche.

369
00:26:33.914 --> 00:26:41.595
You need to have a specific niche if you're going to make it in this business, because it's so saturated that you're going to be competing with so many people. It's crazy.

370
00:26:42.890 --> 00:26:48.169
And that's another reason why I hopped on Noster only and accepted Bitcoin only. It's a niche.

371
00:26:48.410 --> 00:26:52.890
Right. I mean, that's how I found you on Noster. Yeah. Yeah. Bitcoiners

372
00:26:52.890 --> 00:26:57.049
are most, like I said, Bitcoiners are the most loyal customers you'll ever find. And once you get them,

373
00:26:57.995 --> 00:27:04.315
I have like an 85% to 90% retention rate for crying out loud. You know how good that is in a business?

374
00:27:04.955 --> 00:27:06.154
Yeah, that's wild.

375
00:27:08.794 --> 00:27:09.914
So

376
00:27:11.370 --> 00:27:14.249
I think people are sleeping on Bitcoin. I think that

377
00:27:15.210 --> 00:27:18.489
Bitcoiners that have some kind of skill, some kind of talent,

378
00:27:19.529 --> 00:27:22.889
if you're not starting your own business and

379
00:27:22.285 --> 00:27:25.245
just accepting Bitcoin for that, you're sleeping.

380
00:27:27.245 --> 00:27:30.445
You're passing up an opportunity when you can be one of the first.

381
00:27:32.445 --> 00:27:33.485
There are going to be

382
00:27:34.045 --> 00:27:39.549
other soap makers that come in after me. There already are some, but they're not, you know,

383
00:27:39.950 --> 00:27:43.149
they're doing good, but if you do Bitcoin only,

384
00:27:43.630 --> 00:27:44.909
if you get in first,

385
00:27:45.789 --> 00:27:47.549
you're going to be able to build up,

386
00:27:48.909 --> 00:27:51.149
you're going to be able to build a following. And

387
00:27:54.325 --> 00:27:55.445
that's important.

388
00:27:59.685 --> 00:28:00.405
Right.

389
00:28:01.365 --> 00:28:05.205
No. That makes sense to me. I mean, I think the other nice thing about the

390
00:28:06.165 --> 00:28:12.130
nice thing about the Square merchant story is it kind of flips the chicken and the egg a little bit. Right? I mean,

391
00:28:12.770 --> 00:28:16.290
I I'm all in on Bitcoin. I prefer to spend Bitcoin.

392
00:28:16.610 --> 00:28:18.050
Mhmm. But

393
00:28:18.210 --> 00:28:34.235
the overwhelming majority of my purchases have to be dollars. Like, I don't have a choice. So having all of a sudden more options and specifically what's nice is Square is very small business focus. So having more local small businesses where I can go and buy the things I need and pay with Bitcoin

394
00:28:35.269 --> 00:28:42.869
is like a huge bootstrapping mechanism, I think for the whole system. And then when you think about like small merchants like you, who are Bitcoin only,

395
00:28:43.110 --> 00:28:45.429
I mean, you make revenue from Bitcoin.

396
00:28:45.990 --> 00:28:54.525
And then obviously, you still need to pay for things to live your life. So being able to then go and it makes it easier for you to accept only Bitcoin.

397
00:28:54.685 --> 00:28:58.045
There's all these merchants that accept Bitcoin and dollars. Right?

398
00:28:58.685 --> 00:28:59.804
Well, it does.

399
00:29:00.365 --> 00:29:01.645
But I

400
00:29:01.885 --> 00:29:04.125
try to spend Bitcoin wherever I can spend Bitcoin.

401
00:29:06.500 --> 00:29:07.860
Now, my wife,

402
00:29:08.100 --> 00:29:09.460
she does a lot of,

403
00:29:10.100 --> 00:29:11.780
she does a lot of the fiat,

404
00:29:12.900 --> 00:29:14.020
fiat mining.

405
00:29:14.900 --> 00:29:15.460
Right.

406
00:29:16.260 --> 00:29:18.420
She, does like Etsy,

407
00:29:18.420 --> 00:29:19.620
she gets furniture,

408
00:29:19.700 --> 00:29:20.580
repaints it,

409
00:29:21.235 --> 00:29:28.514
roughs it up, you know, distresses it. You know, she does all this fancy stuff with like different stuff. And she makes a lot of the,

410
00:29:28.995 --> 00:29:31.075
the Fiat and we use that.

411
00:29:32.434 --> 00:29:38.730
If in case I do need to use something, I generally will go to maybe bit refill and get

412
00:29:38.730 --> 00:29:39.289
a

413
00:29:39.610 --> 00:29:43.529
get a visa card or whatever card I need and pay for it in sets.

414
00:29:47.850 --> 00:29:50.410
How much of it do you think is

415
00:29:51.404 --> 00:29:53.884
the lack of adoption of Bitcoin as money?

416
00:29:58.044 --> 00:30:01.565
I mean, it's a little bit different for you in New Hampshire because I know it's still

417
00:30:02.525 --> 00:30:04.605
there's still a lot of cash in the economy.

418
00:30:05.400 --> 00:30:06.200
Mhmm.

419
00:30:06.680 --> 00:30:13.480
But how much of it is people being used to, like, credit as money versus, you know, running credit card debt

420
00:30:13.880 --> 00:30:14.360
versus

421
00:30:14.680 --> 00:30:31.525
do you think there's a significant overlap there? Because I mean, you said you still, like, you'll go to a place and you'd be like, do you accept Bitcoin even though you know they don't? Like, one of the things that I always do is when I see, like, no cash accepted here, I always just take out cash and go to pay with cash just to

422
00:30:32.410 --> 00:30:40.169
remind them that they're making a mistake and they should accept cash. So do you think there's some overlap there? Like societal speaking,

423
00:30:40.490 --> 00:30:48.305
like the death of cash payments? Because for a lot of time, I think a lot of people speculated that like governments were gonna try and stop

424
00:30:48.305 --> 00:30:51.904
cash payments, but it's just people choosing not to mostly. Yeah.

425
00:30:52.865 --> 00:30:55.345
It all comes down to convenience. And I mean, obviously,

426
00:30:55.825 --> 00:31:00.145
we've all been what's the word I'm looking for? We've all been shepherded

427
00:31:01.840 --> 00:31:04.480
into the roles that we play nowadays in the world.

428
00:31:05.760 --> 00:31:12.320
I mean, we've been lied to for so long by our governments and the corporations and everything else, which is a total another story, but

429
00:31:13.535 --> 00:31:16.495
they've shepherded us into this pen

430
00:31:17.055 --> 00:31:18.735
and we've accepted it

431
00:31:19.055 --> 00:31:20.414
all out of convenience.

432
00:31:21.775 --> 00:31:23.695
But if you really look at it,

433
00:31:24.910 --> 00:31:27.149
Bitcoin is becoming more and more convenient.

434
00:31:27.390 --> 00:31:29.149
And to me, Bitcoin is cash.

435
00:31:30.270 --> 00:31:30.990
Like

436
00:31:31.230 --> 00:31:33.149
I've always used this

437
00:31:33.470 --> 00:31:34.350
analogy,

438
00:31:35.150 --> 00:31:36.110
my cold storage,

439
00:31:37.085 --> 00:31:40.365
that's my savings account. My Lightning, that's my cash.

440
00:31:40.845 --> 00:31:41.565
Right.

441
00:31:43.645 --> 00:31:44.284
So,

442
00:31:44.605 --> 00:31:46.044
it's pretty simple.

443
00:31:46.525 --> 00:31:50.845
I mean, it feels like cash, right, when you scan a Lightning invoice? To me, it's like

444
00:31:52.740 --> 00:31:55.299
And it feels so much better, to be honest with you.

445
00:31:55.700 --> 00:31:58.659
It literally feels good to use Bitcoin as money.

446
00:31:59.860 --> 00:32:03.940
Do it for yourself? How to yeah. I don't know how to explain it, but it does. It feels good to me.

447
00:32:06.284 --> 00:32:07.644
It feels honest.

448
00:32:13.245 --> 00:32:16.844
It's nice not having another person involved in the transaction.

449
00:32:17.884 --> 00:32:18.604
Yes.

450
00:32:18.684 --> 00:32:24.850
Nobody can control it. That's not just like a technical thing. It's it's there. There's something soul

451
00:32:24.850 --> 00:32:26.769
based that feels good about

452
00:32:27.810 --> 00:32:31.650
just transacting peer to peer. Peer to peer. Gotta love it.

453
00:32:32.945 --> 00:32:39.985
Mean, That there's nobody feels like cash in a big way. Right? I hate asking for permission for anything. Fuck permission.

454
00:32:41.585 --> 00:32:42.225
So,

455
00:32:43.265 --> 00:32:43.985
and

456
00:32:44.280 --> 00:32:48.200
I mean, you get these people that want to wire money and it takes

457
00:32:48.520 --> 00:32:49.480
a week

458
00:32:50.120 --> 00:32:53.640
to wire some money to somewhere. Man, this is 2026.

459
00:32:53.640 --> 00:32:54.919
Why does it take a week

460
00:32:56.200 --> 00:32:58.360
as to Even where it worse is like the limits.

461
00:32:58.795 --> 00:33:00.315
Yeah. Mean, I had a

462
00:33:00.715 --> 00:33:03.434
contractor I had to pay with Zelle because

463
00:33:04.235 --> 00:33:05.995
they didn't accept anything else.

464
00:33:06.955 --> 00:33:13.675
And it was it was I think it was like $2,000 a day is what I'm limited to, which is insane. It's like, how can free people live that way?

465
00:33:14.760 --> 00:33:18.680
Especially with the inflation the way it is and how much things cost nowadays.

466
00:33:18.680 --> 00:33:19.000
I mean

467
00:33:19.640 --> 00:33:22.200
2,000 isn't that much anymore. No.

468
00:33:22.280 --> 00:33:23.880
It means absolutely nothing.

469
00:33:24.920 --> 00:33:28.040
You spend that any person in America spends that in a week.

470
00:33:30.085 --> 00:33:31.924
Yeah. I mean, it's a in

471
00:33:32.245 --> 00:33:39.445
this specific case, it was a contractor. Imagine doing any kind of contracting work that is, what am I getting done that is under $2,000?

472
00:33:39.445 --> 00:33:40.645
It's fucking wild.

473
00:33:41.800 --> 00:33:44.360
And what a lot of people don't realize,

474
00:33:44.760 --> 00:33:49.160
and I don't understand why, but a lot of people don't realize, look,

475
00:33:50.680 --> 00:33:55.480
I'm not trying to put a target on my back, but there's nobody that needs to know that you have Bitcoin.

476
00:33:55.960 --> 00:33:56.360
Right.

477
00:33:57.725 --> 00:34:04.285
I don't know why people don't understand that. There's nobody that needs to know that you have Bitcoin if you do it the right way.

478
00:34:05.805 --> 00:34:07.725
So, I mean, you obviously made a decision.

479
00:34:09.099 --> 00:34:11.180
A lot of people know you you

480
00:34:11.180 --> 00:34:12.380
use Bitcoin.

481
00:34:12.700 --> 00:34:15.020
Why did you make that decision instead of

482
00:34:17.339 --> 00:34:18.780
What do you mean? To yourself.

483
00:34:24.315 --> 00:34:24.955
Look.

484
00:34:28.875 --> 00:34:33.115
Before I got into Bitcoin, I was already like an I was already like an ant cap.

485
00:34:33.355 --> 00:34:34.795
Okay? We we can tell.

486
00:34:36.809 --> 00:34:38.329
It's not hard to read.

487
00:34:41.049 --> 00:34:47.289
I don't like governments. I don't like permission. I don't like being told what to do. I like to live my life and be left alone.

488
00:34:49.125 --> 00:34:53.285
So sooner or later, you got to either stand up, you can run and hide all the time

489
00:34:54.325 --> 00:34:56.565
and try to stay under the radar.

490
00:34:57.125 --> 00:34:58.965
But is that going to

491
00:34:59.605 --> 00:35:02.085
get you anywhere? Is that going to accomplish your goals?

492
00:35:02.589 --> 00:35:06.910
It's not. It's not going to accomplish your goals at all. Sooner or later, you're going have to put your foot forward

493
00:35:07.470 --> 00:35:08.990
and do what you have to do.

494
00:35:09.550 --> 00:35:13.230
Man, I'm 58 years old, man. I've got maybe good twenty years left.

495
00:35:13.550 --> 00:35:18.349
That's going to be about it. And then, you know, there's, hopefully it's longer, but you know, there's no telling.

496
00:35:19.125 --> 00:35:23.045
Once you get to be over 50, you got to start considering that you're mortal.

497
00:35:24.245 --> 00:35:24.885
So

498
00:35:26.165 --> 00:35:30.565
you got to do something. Either you're going to fight the fight or your children are going to fight the fight.

499
00:35:34.020 --> 00:35:39.780
Yeah. I mean, I think becoming a father is even more so than an age on, on feeling mortality,

500
00:35:40.580 --> 00:35:42.180
like the shortness of life.

501
00:35:42.500 --> 00:35:42.740
Yeah.

502
00:35:50.275 --> 00:35:55.714
I mean, you watch how you watch how fast they grow. It's like, damn, man. It does not last long.

503
00:35:59.730 --> 00:36:00.290
Are you

504
00:36:00.930 --> 00:36:04.770
just to be clear, are you smoking in black and mild right now? Yes. I am.

505
00:36:05.650 --> 00:36:09.410
Okay. It's audio only, so I need the the freaks to be aware.

506
00:36:09.650 --> 00:36:11.170
Do you think it's

507
00:36:12.355 --> 00:36:16.035
what are your thought this is completely random. What are your thoughts on

508
00:36:17.394 --> 00:36:20.275
the new, like, straight edge culture shift?

509
00:36:20.994 --> 00:36:24.194
Do you know what I'm talking about? Like, no drinking, no smoking,

510
00:36:26.250 --> 00:36:28.010
drink kombucha only

511
00:36:29.050 --> 00:36:34.570
type of thing. Hey, look, I'm very happy that everybody wants to be as healthy as they possibly can be. I

512
00:36:35.850 --> 00:36:37.610
think that's very, very important.

513
00:36:37.850 --> 00:36:38.330
But

514
00:36:38.905 --> 00:36:44.185
I also understand that you need some kind of vice every once in a while. I mean,

515
00:36:44.585 --> 00:36:45.145
look,

516
00:36:45.465 --> 00:36:47.625
you can go through your entire existence

517
00:36:47.625 --> 00:36:50.345
living the healthiest possible life that you can live,

518
00:36:51.000 --> 00:36:52.920
doing all the right things.

519
00:36:54.520 --> 00:36:55.160
But

520
00:36:56.440 --> 00:37:01.640
do you enjoy doing it a 100% of the time? Are you enjoying your life?

521
00:37:03.714 --> 00:37:06.595
You gotta have some kind of enjoyment every once in a while.

522
00:37:08.994 --> 00:37:10.355
Is there any good,

523
00:37:11.555 --> 00:37:14.035
Bitcoin only tobacco purveyors?

524
00:37:14.835 --> 00:37:16.115
Not that I'm aware of.

525
00:37:17.640 --> 00:37:19.400
I feel like that's a good niche.

526
00:37:19.880 --> 00:37:21.480
That would be a good niche.

527
00:37:21.640 --> 00:37:23.400
We'll have to find somebody in like

528
00:37:23.640 --> 00:37:25.320
North Carolina or something.

529
00:37:25.560 --> 00:37:26.280
Yeah.

530
00:37:26.680 --> 00:37:27.880
I actually just started.

531
00:37:28.885 --> 00:37:31.205
My wife just started growing tobacco.

532
00:37:31.605 --> 00:37:34.165
Oh, really? Small scale. Like, we're not

533
00:37:35.205 --> 00:37:36.485
not producing,

534
00:37:36.645 --> 00:37:37.045
but

535
00:37:37.925 --> 00:37:40.085
yeah, you can just like grow tobacco plants.

536
00:37:40.325 --> 00:37:50.220
Oh, yeah. Well, you can grow any plant. Of course. Yeah. So it's just something you don't really hear about that often. It's like one of her friends said that we should do it.

537
00:37:50.619 --> 00:37:51.500
I mean, nicotine

538
00:37:54.300 --> 00:37:55.100
for me

539
00:37:56.380 --> 00:37:57.660
is helpful.

540
00:37:57.900 --> 00:37:58.859
I like nicotine.

541
00:37:59.615 --> 00:38:03.295
Don't realistically care for the pouches, and I don't smoke that much, but

542
00:38:05.214 --> 00:38:07.695
I'll grab a black and mild every once in a while.

543
00:38:09.055 --> 00:38:10.095
Yeah. Get Just little bit of a

544
00:38:11.375 --> 00:38:13.135
weakness is nicotine, caffeine.

545
00:38:17.510 --> 00:38:19.270
Nicotine and caffeine. Yep.

546
00:38:19.990 --> 00:38:24.230
I I like beer. Beer is good. I like beer too.

547
00:38:25.350 --> 00:38:27.430
Okay. We're on a little bit of a tangent.

548
00:38:28.765 --> 00:38:29.485
The

549
00:38:31.165 --> 00:38:33.645
okay. Back to Bitcoin, but also tangential. The

550
00:38:34.765 --> 00:38:35.325
last

551
00:38:35.565 --> 00:38:37.965
yeah. I mean, you were bragging a little bit about

552
00:38:38.285 --> 00:38:40.125
price you paid for Bitcoin.

553
00:38:40.685 --> 00:38:43.005
So I'm gonna guess that you've been around for a bit.

554
00:38:43.710 --> 00:38:46.590
The last cycle was very much dominated by

555
00:38:47.790 --> 00:38:49.230
the orange ties,

556
00:38:49.710 --> 00:38:53.070
a combination of ETFs and like the MSTR

557
00:38:53.070 --> 00:38:53.950
mafia,

558
00:38:54.510 --> 00:38:56.590
you know, all the MSTR clones and whatnot.

559
00:38:57.285 --> 00:39:06.085
What's your opinion on we so we talked about the square merchant adoption, you think that's a massive net benefit is our is people buying Bitcoin through ETFs?

560
00:39:06.165 --> 00:39:15.100
Let's Yeah, let's isolate it. Because I think it's two different pieces. The MSTR piece and the ETFs are people buying Bitcoin through ETFs is like, does that help the movement?

561
00:39:17.180 --> 00:39:18.460
I don't think so.

562
00:39:20.380 --> 00:39:25.260
Honestly, I don't. I I know a lot of people argue with me because paper Bitcoin is not Bitcoin.

563
00:39:28.385 --> 00:39:31.025
The vast majority of people that are going to buy the ETFs

564
00:39:31.745 --> 00:39:34.065
are people that are scared to hold their own Bitcoin.

565
00:39:36.065 --> 00:39:41.265
They're looking for somebody else to manage their money. It's kind of like putting the money in the bank. It's not your money.

566
00:39:42.359 --> 00:39:50.119
It's literally not your money. They can not give it to you if they don't want to and get away with it. And a lot of people don't get that.

567
00:39:52.359 --> 00:39:54.119
I think that if people would,

568
00:39:54.680 --> 00:39:58.175
of buying ETFs and all this other stuff, yeah,

569
00:39:59.535 --> 00:40:03.855
when it first came out, I was excited about it. I thought it was going to make the price go up.

570
00:40:04.415 --> 00:40:15.180
Just like everybody did. Everybody thought, oh, it's going to moon. It's to moon. It's going to moon. Yeah. Well, it didn't moon. Once they got ahold of it, what do they do? They manipulate the price. And that's why, in my opinion

571
00:40:15.180 --> 00:40:15.980
anyway,

572
00:40:16.700 --> 00:40:19.980
I think that the price is so depressed right now is because of Wall Street.

573
00:40:21.579 --> 00:40:21.819
Why?

574
00:40:23.405 --> 00:40:26.045
Because I think they're manipulating it behind the scenes.

575
00:40:28.125 --> 00:40:31.165
I mean, the OTC desk? Come on, man.

576
00:40:32.205 --> 00:40:33.965
It's not a free and open market.

577
00:40:35.405 --> 00:40:37.085
But there's still

578
00:40:38.280 --> 00:40:41.640
there's still places where you can buy and sell real Bitcoin.

579
00:40:43.160 --> 00:40:47.720
There's plenty of places. Right? Oh, absolutely. I used to use Bisc all the time.

580
00:40:50.360 --> 00:40:51.160
What do you think

581
00:40:52.585 --> 00:40:54.185
what's your opinion on,

582
00:40:55.705 --> 00:40:59.225
like, KYC brokerages of real Bitcoin, like Strike?

583
00:41:00.025 --> 00:41:01.305
Look.

584
00:41:01.465 --> 00:41:03.385
I like Strike. I use Strike.

585
00:41:06.185 --> 00:41:06.745
But

586
00:41:07.520 --> 00:41:15.840
But, and I understand that they have certain regulations according to the law because nobody wants to go to jail. Jack doesn't want to go to jail because he's breaking the rules. I get it.

587
00:41:17.200 --> 00:41:18.240
Do I like it? No.

588
00:41:20.175 --> 00:41:21.055
KYC,

589
00:41:21.055 --> 00:41:23.775
just like FinCEN and all the rest of it, it's bullshit.

590
00:41:24.655 --> 00:41:26.015
It's complete bullshit.

591
00:41:26.015 --> 00:41:28.495
It's my money. You don't have a right to know what I own.

592
00:41:33.369 --> 00:41:41.530
And there are ways to I mean, that's that's why I love that's why I love lightning. I really do. Because as you've pointed out numerous times,

593
00:41:42.490 --> 00:41:43.930
it's default private

594
00:41:44.730 --> 00:41:45.290
almost.

595
00:41:45.935 --> 00:41:48.575
Yeah. People don't appreciate it, especially for the sender.

596
00:41:48.895 --> 00:41:49.535
Yeah.

597
00:41:51.295 --> 00:41:51.935
So

598
00:41:54.415 --> 00:41:55.455
I like it.

599
00:41:56.415 --> 00:41:59.855
Are most of your transactions

600
00:41:58.299 --> 00:42:00.220
for soap lightning transactions?

601
00:42:00.220 --> 00:42:03.260
Or All of them. I mean, you accept on chain too, don't you?

602
00:42:03.660 --> 00:42:04.300
No.

603
00:42:04.700 --> 00:42:05.980
All of only.

604
00:42:06.700 --> 00:42:09.260
I don't wanna have to combine all those UTXOs.

605
00:42:09.260 --> 00:42:17.555
Yeah. And, also, it's nice because you don't you don't have to know where the UTXOs came from or anything. Right. It it reduces kind of liability on your front.

606
00:42:17.795 --> 00:42:18.515
Mhmm.

607
00:42:19.395 --> 00:42:20.435
So, yeah,

608
00:42:20.675 --> 00:42:24.515
if you're sitting around combining a bunch of $30 UTXOs,

609
00:42:24.515 --> 00:42:25.795
it's just

610
00:42:27.890 --> 00:42:29.570
I'd rather just do Lightning.

611
00:42:30.369 --> 00:42:32.450
And once my channels get full, I just

612
00:42:33.089 --> 00:42:34.849
put it in cold You're

613
00:42:34.849 --> 00:42:35.890
running your own node?

614
00:42:37.009 --> 00:42:38.450
I actually use AlbieHub.

615
00:42:39.474 --> 00:42:40.195
Okay.

616
00:42:40.755 --> 00:42:44.915
So it's a It's a hosted node. Right? It's in the cloud, Albihub?

617
00:42:45.075 --> 00:42:45.715
Yeah.

618
00:42:45.954 --> 00:42:50.275
You manage your own channels? No. I well, I use Albihub on my start nine.

619
00:42:50.675 --> 00:42:52.675
Okay. But do you manage your own channels?

620
00:42:53.075 --> 00:42:53.395
Yes.

621
00:42:54.890 --> 00:42:55.610
Okay.

622
00:42:56.730 --> 00:43:04.250
I'm I'm haven't used it, but I haven't used their new setup, so I don't know how it works. Yeah. I've actually got a couple of Zeus Zeus channels.

623
00:43:04.890 --> 00:43:05.610
Got it.

624
00:43:06.010 --> 00:43:06.570
I love Zeus.

625
00:43:07.485 --> 00:43:09.725
Yeah. They and, yes, they are good people.

626
00:43:09.965 --> 00:43:11.565
Yeah. Very good people.

627
00:43:12.285 --> 00:43:13.885
So just to go back,

628
00:43:15.245 --> 00:43:19.085
do you think services like Strike are a net benefit?

629
00:43:19.630 --> 00:43:21.870
They're like a stepping

630
00:43:22.109 --> 00:43:24.990
stone where ETFs you would not put in that category?

631
00:43:26.030 --> 00:43:31.310
Yes. Strike is a very yes. Absolutely. Because at least you get to purchase Bitcoin,

632
00:43:31.310 --> 00:43:33.869
actual Bitcoin, and you can put it into your own wallet.

633
00:43:34.964 --> 00:43:35.765
Right.

634
00:43:36.244 --> 00:43:40.484
You are experiencing being responsible for yourself. And I think

635
00:43:42.164 --> 00:43:45.365
that's another big problem because as Americans,

636
00:43:45.365 --> 00:43:46.805
well, the world entirely,

637
00:43:48.050 --> 00:43:50.770
we've depended upon somebody else for so long,

638
00:43:51.010 --> 00:43:55.410
nobody knows how to be responsible for themselves anymore. Yeah. That's the core problem.

639
00:43:55.570 --> 00:43:58.450
Yeah. And they're scared to be responsible for themselves.

640
00:43:59.010 --> 00:44:01.890
Because what if I make a mistake? Well, then you're fucked.

641
00:44:03.445 --> 00:44:05.365
Don't make the mistake. Learn.

642
00:44:07.045 --> 00:44:18.060
I mean, it's not that hard to keep stuff in cold storage. It's not that hard to learn lightning. Hell, even I did it. Yeah. I mean, that's impressive. If you can do it, anyone can do it. Exactly. I mean, I'm an idiot.

643
00:44:18.700 --> 00:44:24.700
You're running a full Bitcoin only business on and you're on Noster. You're in the live chat. You're zapping.

644
00:44:24.780 --> 00:44:27.099
You're running channels. That's impressive, bro.

645
00:44:27.915 --> 00:44:29.835
Appreciate that, man. I mean,

646
00:44:30.315 --> 00:44:32.315
I'm not gonna lie. It was a hard journey.

647
00:44:33.595 --> 00:44:36.795
I had to have a whole lot of people helping. I had to watch,

648
00:44:38.475 --> 00:44:42.875
I don't know, YouTube video after YouTube video after YouTube video to figure it all out.

649
00:44:44.290 --> 00:44:45.650
You can just do things.

650
00:44:46.210 --> 00:44:53.890
You can just do things. And I think that's another thing. A lot of people think that they let obstacles get in their way, but, man, just do it.

651
00:44:54.609 --> 00:44:56.210
Take a chance. Figure it out.

652
00:44:57.234 --> 00:45:04.115
So you don't think ETFs are a stepping stone? You don't think people buy an ETF and then eventually move to real Bitcoin?

653
00:45:04.515 --> 00:45:06.835
I really don't. I think that people

654
00:45:08.115 --> 00:45:14.760
I was reading this post the other day where this, I forget who it was. He was in a taxi and the guy was like, yeah, I own Bitcoin.

655
00:45:15.480 --> 00:45:20.520
I own it through Charles Schwab or something like that. Yeah. No, you don't own Bitcoin, dude.

656
00:45:21.319 --> 00:45:22.360
You own paper.

657
00:45:22.680 --> 00:45:23.880
You own an IOU.

658
00:45:23.880 --> 00:45:32.845
And I think that a lot of people become comfortable with that. It's just like people that think that they own gold and they own paper gold. You don't own gold, you own paper gold.

659
00:45:34.765 --> 00:45:40.860
It's not the same thing. So, I mean, I don't think that that's going to bring adoption as much as like Strike would,

660
00:45:41.340 --> 00:45:42.780
as much as Square would,

661
00:45:43.180 --> 00:45:44.300
as much as River does.

662
00:45:48.795 --> 00:45:49.835
I think that

663
00:45:52.474 --> 00:45:58.875
I think that the newer generation coming up, especially the kids that are gonna be, you know, brought into this world by Bitcoiners,

664
00:45:59.035 --> 00:46:01.755
they're gonna be the ones because they're gonna understand it.

665
00:46:04.390 --> 00:46:08.630
Yeah. I forget who said it, but I've definitely parroted it throughout the years.

666
00:46:08.790 --> 00:46:11.270
It was not an original thought by me. But

667
00:46:12.710 --> 00:46:17.425
the meme of, you know, it's it's still early. You're still early to Bitcoin.

668
00:46:17.585 --> 00:46:21.665
The the question is always like, okay. Well, when are you not early anymore?

669
00:46:21.985 --> 00:46:24.705
And I think it makes a lot of sense that

670
00:46:25.505 --> 00:46:26.545
it's when

671
00:46:26.820 --> 00:46:33.620
most people are earning Bitcoin and spending Bitcoin rather than buying Bitcoin and selling Bitcoin. Right?

672
00:46:34.580 --> 00:46:35.700
Absolutely,

673
00:46:35.700 --> 00:46:39.220
man. I can't even tell you how much this has changed my perspective.

674
00:46:39.725 --> 00:46:40.845
Just accepting,

675
00:46:40.845 --> 00:46:43.005
just earning Bitcoin. It's

676
00:46:43.005 --> 00:46:44.365
literally a life act.

677
00:46:45.085 --> 00:46:47.645
I don't have to go through an exchange to get Bitcoin.

678
00:46:48.125 --> 00:46:50.765
I don't have to mine Bitcoin because I don't know how to mine.

679
00:46:51.165 --> 00:46:57.620
But I do mine Bitcoin by making soap. That's how I, that's how I mined Bitcoin. It's probably a better business, to be honest.

680
00:46:58.820 --> 00:47:03.380
Well, I get paid each and every time, so I hit a block every time.

681
00:47:03.700 --> 00:47:09.300
Dude, mining is one of the most cutthroat, difficult businesses in the world, period. That's

682
00:47:09.300 --> 00:47:14.765
why I don't want to do it. I mean, I have my little Bid Axe, but, you know, as a lottery ticket, but that's about it.

683
00:47:15.085 --> 00:47:22.365
And that's great for like a learning experience and understanding Bitcoin works better. I love the Bid Axe project, but I've seen a lot of people get wrecked, you know,

684
00:47:23.420 --> 00:47:24.860
putting $50,000

685
00:47:24.860 --> 00:47:27.180
or $100,000 into a mining op,

686
00:47:27.500 --> 00:47:29.740
not realizing the risks they're taking.

687
00:47:31.100 --> 00:47:35.100
It makes sense if if you're willing to lose some money and you want just no KYC

688
00:47:35.100 --> 00:47:42.195
Bitcoin and, and, and you didn't buy the miners with no KYC, Bitcoin, if you bought the miners with either KYC, Bitcoin,

689
00:47:42.195 --> 00:47:43.875
or cash,

690
00:47:44.355 --> 00:47:54.760
then that makes a lot of sense, you could actually mine for a loss, and it could still make sense, or you're like heating your house or something like that. But people who just like purely try and do it as a business, it's really, really difficult.

691
00:47:56.200 --> 00:47:57.080
I see

692
00:47:57.400 --> 00:48:04.360
the future very far in the future, not anytime soon, but I see in the future to where everybody is going to run their own bid acts.

693
00:48:05.995 --> 00:48:08.715
They're going to run their own water heater,

694
00:48:09.595 --> 00:48:11.195
their own heater,

695
00:48:11.355 --> 00:48:17.355
air filter, whatever it is. And it's all going be based off of a miner. That's what I see in the future.

696
00:48:17.940 --> 00:48:25.380
The water heater makes complete sense. If you know how water heater works, like the water heater piece and every home has a water heater. Yep.

697
00:48:26.660 --> 00:48:31.460
I think it's brilliant. Who is it? Somebody else does hot tubs, I think, that run off of miners.

698
00:48:31.755 --> 00:48:32.395
Yeah.

699
00:48:32.635 --> 00:48:33.915
In Colorado.

700
00:48:34.875 --> 00:48:35.755
I forget.

701
00:48:36.635 --> 00:48:40.635
Schnitzel, I think, does it? I don't know. I forget who does it exactly. Yeah. Forget.

702
00:48:40.954 --> 00:48:43.914
But hot tubs is a perfect they actually brought

703
00:48:44.980 --> 00:48:50.180
their proof of concept in an inflatable, inflatable hot tub and put it outside of Bitcoin Park,

704
00:48:50.900 --> 00:48:53.140
in the winter. It was pretty cool.

705
00:48:53.700 --> 00:48:58.580
But that makes a lot of sense to me. And I also saw somebody earlier today. Actually,

706
00:48:59.060 --> 00:48:59.780
we were talking

707
00:49:00.225 --> 00:49:02.865
what you just said earlier. It's a beer producer.

708
00:49:03.105 --> 00:49:04.865
They use the excess heat

709
00:49:05.905 --> 00:49:07.025
to make beer.

710
00:49:07.425 --> 00:49:11.105
That's awesome. Yeah. That is awesome. Mean They said Bitcoin?

711
00:49:12.065 --> 00:49:13.105
I'm sure. They must.

712
00:49:13.660 --> 00:49:14.860
It it I mean

713
00:49:15.900 --> 00:49:18.140
problem with alcohol is, like, shippings.

714
00:49:18.220 --> 00:49:25.500
There's so much regulation around that shit. Like, even like, I love Ben Jessamine, but I think he can't accept Bitcoin and ship his wine.

715
00:49:26.565 --> 00:49:33.445
Like, he can do it hand to hand. Like, I've I've I've gone to his vineyard in Colorado and paid paid with Bitcoin to

716
00:49:34.405 --> 00:49:38.805
buy bottles from him in person, but I think there's a bunch of different shipping bullshit.

717
00:49:39.330 --> 00:49:40.930
Yeah. I just met Uncle.

718
00:49:41.090 --> 00:49:44.450
Yeah. I just met Ben a couple of weeks ago at Camp Nakamoto.

719
00:49:44.530 --> 00:49:51.410
Good dude. Real good dude. Oh, how was that? Let's talk about that. That looked like a vibe, man. I don't really get FOMO over Bitcoin events anymore.

720
00:49:52.215 --> 00:50:04.855
It was cool, I'm kinda sick of them, but that one, I I got a bit of FOMO for. It was it it was really laid back. Everybody was cool. Everybody was just there to have a good time, you know? Was on an island in New Hampshire?

721
00:50:05.470 --> 00:50:09.070
It's on an island in Wake Winnipesaukee,

722
00:50:09.070 --> 00:50:11.950
which is a very, very large I think, yeah, That's awesome. Huge

723
00:50:13.390 --> 00:50:17.870
Yeah. I only went up there for a day pass because we only live about an hour and a half away. Cool.

724
00:50:19.275 --> 00:50:21.435
So, we went up there for the day pass

725
00:50:21.674 --> 00:50:25.355
and, yeah, met a lot of cool people. Everybody was chill.

726
00:50:25.515 --> 00:50:28.315
It was just a family friendly type situation.

727
00:50:28.315 --> 00:50:31.115
You know, the kids were running around, having a blast,

728
00:50:31.275 --> 00:50:32.714
swimming, canoeing.

729
00:50:32.714 --> 00:50:33.595
You know, it was

730
00:50:33.915 --> 00:50:35.680
fun. Ainsley So Costello was

731
00:50:37.920 --> 00:50:38.960
she performed

732
00:50:39.360 --> 00:50:42.480
a concert. Excellent. Yeah, it was nice.

733
00:50:43.280 --> 00:50:44.080
She's great.

734
00:50:46.545 --> 00:50:49.825
I think I we orange pilled her through.

735
00:50:50.065 --> 00:50:52.865
I hate the term orange pilled. I think we got her into Bitcoin

736
00:50:53.665 --> 00:50:54.545
indirectly

737
00:50:54.545 --> 00:50:57.985
because of her dad coming to meet up at Bitcoin Park.

738
00:50:58.464 --> 00:50:58.625
Really?

739
00:50:59.559 --> 00:51:07.160
Yeah, don't hold me to it. But I'm pretty sure it's funny how those types of things compound in person. In person stuff is really important.

740
00:51:07.720 --> 00:51:11.480
They came Nakamoto. So are they doing that every year? Do you know? Yeah,

741
00:51:11.480 --> 00:51:11.799
every year.

742
00:51:12.775 --> 00:51:20.615
Do they own the island or was it like No, no, no, no, no, no. They lease it out. It's like a camp It's or

743
00:51:20.615 --> 00:51:22.055
already a campground.

744
00:51:22.295 --> 00:51:22.935
Yeah.

745
00:51:23.575 --> 00:51:24.855
And I think

746
00:51:25.255 --> 00:51:26.215
his name's Angelo.

747
00:51:27.380 --> 00:51:28.340
Angelo,

748
00:51:28.340 --> 00:51:32.420
he's a Bitcoiner, but I think he's the one that's actually in charge there

749
00:51:32.660 --> 00:51:33.860
year round. But

750
00:51:34.820 --> 00:51:35.780
I mean, obviously

751
00:51:36.580 --> 00:51:41.780
being in New Hampshire, it's not year round. It's only, you know, for like six months out of the year. Gets cold.

752
00:51:42.335 --> 00:51:44.335
Oh, it gets real cold. The lake freezes.

753
00:51:44.414 --> 00:51:45.695
Yes, it does.

754
00:51:48.654 --> 00:51:51.295
Takes a special type of person to live year round,

755
00:51:51.855 --> 00:51:55.055
on a, on a island in a New Hampshire lake.

756
00:51:57.630 --> 00:51:58.830
It's pretty nice.

757
00:51:59.950 --> 00:52:01.070
It's a vibe.

758
00:52:01.710 --> 00:52:02.910
It is a vibe.

759
00:52:03.070 --> 00:52:05.950
That's awesome. I'm gonna try and make it next year. I'll bring the fam.

760
00:52:06.350 --> 00:52:07.630
Oh, yeah? Alright.

761
00:52:08.465 --> 00:52:11.425
I'll come up again. I keep making babies.

762
00:52:11.585 --> 00:52:14.145
That's like my point of my friend now. So

763
00:52:14.465 --> 00:52:22.145
That's a good thing, dude. Thank you. I feel very blessed. Gotta leave you gotta give her a break every once in a while, man. I was like, she's aligned.

764
00:52:22.625 --> 00:52:23.585
She's

765
00:52:24.660 --> 00:52:30.260
she's very much aligned. I I would not happen without her. She's the one who does the majority of it. So

766
00:52:30.660 --> 00:52:33.300
Yep. Yeah. We only have a small part in it.

767
00:52:33.859 --> 00:52:34.740
Exactly.

768
00:52:35.140 --> 00:52:39.220
Yeah. They're awesome. I've been trying to reduce travel in general. Like, we do, like,

769
00:52:39.915 --> 00:52:44.315
I have to already do travel for important family things.

770
00:52:45.195 --> 00:52:45.915
Mhmm.

771
00:52:47.195 --> 00:52:53.595
Because you don't live near on your family. So that's already, you know, getting the kids to do that type of travel. So

772
00:52:54.740 --> 00:52:57.060
all other travel has gone by the wayside,

773
00:52:57.460 --> 00:53:03.060
specifically like Bitcoin specific travel, even though we are very much a Bitcoin family. My wife is very aligned.

774
00:53:03.460 --> 00:53:08.339
Well, I mean, how many conferences do you need to go to, Matt? There's too many, man.

775
00:53:09.474 --> 00:53:11.955
Gotten so it's it's gotten kinda ridiculous.

776
00:53:11.955 --> 00:53:12.595
I mean,

777
00:53:13.234 --> 00:53:19.715
I used to want to go to the Bitcoin conference, and I'm not tearing down the Bitcoin conference. That's not what I'm doing. But

778
00:53:20.195 --> 00:53:26.690
it to me, it's become corporate and it just doesn't appeal to me anymore. I used to like the old vibes.

779
00:53:27.330 --> 00:53:28.050
You know? I go

780
00:53:29.090 --> 00:53:39.985
when I started when I first started paying attention to Bitcoin back in, you know, the late teens, it was fun, man. It had this attitude about it, and it's kind of lost it's kind of lost that a little bit to me.

781
00:53:40.705 --> 00:53:42.225
The vibes just start there.

782
00:53:42.705 --> 00:53:43.825
Not like they were.

783
00:53:44.145 --> 00:53:47.665
But that comes with the territory, right? Like, Bitcoin's mature. It does.

784
00:53:48.385 --> 00:53:53.370
It does. And that's why I like the small events. The small events are always super high signal.

785
00:53:54.090 --> 00:53:54.730
Mhmm.

786
00:53:55.530 --> 00:53:56.650
Because the big events

787
00:53:58.970 --> 00:54:01.530
You don't have any ties at Camp Nakamoto.

788
00:54:01.850 --> 00:54:02.250
Yeah.

789
00:54:02.664 --> 00:54:04.665
The thing that I mean, the thing

790
00:54:05.305 --> 00:54:07.785
so I didn't go to the Bitcoin conference last year,

791
00:54:08.105 --> 00:54:09.464
but I went this year.

792
00:54:10.184 --> 00:54:12.025
And my justification was actually

793
00:54:12.984 --> 00:54:20.790
was I was relatively simple. It was, okay, it's the largest event in the world, and I can take a direct domestic flight,

794
00:54:21.190 --> 00:54:23.750
and be away from my family for only one night.

795
00:54:23.990 --> 00:54:32.484
So they do have, they do have that going for them. It's hard to, like, leave my family for three nights to do like a 200 person event.

796
00:54:32.645 --> 00:54:34.885
Yeah. It's hard to justify in my head.

797
00:54:36.164 --> 00:54:41.845
So that's that's the conclusion I came to. But it was crazy being there was

798
00:54:43.420 --> 00:54:44.540
and I mean,

799
00:54:46.700 --> 00:54:54.540
the the the main guy in in charge of programming, Craig, like, he really does care about the freedom oriented elements of Bitcoin.

800
00:54:55.745 --> 00:54:57.585
And you see him trying,

801
00:54:57.665 --> 00:54:59.105
you know, but

802
00:55:00.065 --> 00:55:01.505
the crowd doesn't.

803
00:55:02.545 --> 00:55:03.985
Like, there's a big,

804
00:55:04.785 --> 00:55:07.025
you just see it in the crowd size. Like I,

805
00:55:08.180 --> 00:55:10.820
he put us up on main stage, basically,

806
00:55:11.700 --> 00:55:13.620
the panel was effectively,

807
00:55:14.980 --> 00:55:17.460
you know, is Bitcoin still free to money?

808
00:55:17.940 --> 00:55:18.580
And

809
00:55:19.140 --> 00:55:19.780
we

810
00:55:20.980 --> 00:55:21.380
like,

811
00:55:22.135 --> 00:55:25.415
I don't know. Maybe it's like a 9,000 person 9,000

812
00:55:25.415 --> 00:55:27.735
person main stage,

813
00:55:27.735 --> 00:55:28.935
something around there.

814
00:55:29.175 --> 00:55:33.975
Right. We probably have, like, 300 people in there. Meanwhile, it's like standing room only for sailor.

815
00:55:34.630 --> 00:55:35.270
So it's

816
00:55:36.150 --> 00:55:37.910
in a lot of ways, you know,

817
00:55:38.790 --> 00:55:43.510
I don't know. It's just it's just an interesting dynamic in in Bitcoin world right now.

818
00:55:46.470 --> 00:55:48.630
This is one of the reasons I don't like the ETFs.

819
00:55:50.625 --> 00:55:58.385
It's one of the reasons I don't like this. One of the reasons I don't really care for the Bitcoin treasury companies. I think that the vast majority of people that do that,

820
00:55:59.505 --> 00:56:00.065
they're

821
00:56:00.465 --> 00:56:01.985
they're still stuck in a fiat mindset.

822
00:56:02.810 --> 00:56:05.770
They're still trying to, they're still trying to make more Fiat.

823
00:56:06.170 --> 00:56:07.930
They're, they're not trying to escape.

824
00:56:08.090 --> 00:56:09.770
They're trying to make more Fiat,

825
00:56:10.250 --> 00:56:10.890
which

826
00:56:12.650 --> 00:56:13.610
good luck, man.

827
00:56:14.645 --> 00:56:16.565
Making more fiat isn't gonna

828
00:56:16.805 --> 00:56:19.925
really help you out when that fiat's not worth anything anymore.

829
00:56:22.405 --> 00:56:27.685
And there's gonna come a day when there's not gonna be any amount of fiat that you can use to purchase a Bitcoin.

830
00:56:31.060 --> 00:56:32.740
It's interesting because

831
00:56:34.100 --> 00:56:36.660
like, this is the first real bear market

832
00:56:37.220 --> 00:56:45.495
that that group has been a part of in my, in a big way. Right? I guess, technically, they were Sailor got in in, 2020.

833
00:56:46.215 --> 00:56:49.415
So technically, they were around for the FTX

834
00:56:49.655 --> 00:56:50.855
bullshit

835
00:56:51.095 --> 00:57:00.480
and that that bear market, but that bear market felt a little bit different. But they're definitely much they got much bigger since the last since that bear market. This was their first real one.

836
00:57:00.799 --> 00:57:02.640
And it's interesting because

837
00:57:02.799 --> 00:57:06.400
I will at least speak personally, my conviction in Bitcoin

838
00:57:08.960 --> 00:57:10.319
grows in bear markets,

839
00:57:10.865 --> 00:57:18.224
mostly because of the technology. Like, I'm not saying I'm in it for the technology. Like, I want my purchasing power to increase. Want my absolute

840
00:57:18.865 --> 00:57:23.984
want to be able to afford better things for my family. And this is a key component of it.

841
00:57:24.680 --> 00:57:31.080
But if that's the only piece, it's really hard to maintain. It's gotta be really hard to maintain conviction in

842
00:57:32.200 --> 00:57:37.640
a bear market if you're holding paper that you just want to see go up and Nvidia or whatever is going up faster.

843
00:57:39.165 --> 00:57:39.805
Yeah.

844
00:57:40.365 --> 00:57:44.205
That's why I say they're still Fiat minded. They're still stuck in that

845
00:57:45.085 --> 00:57:45.805
mindset.

846
00:57:47.405 --> 00:57:52.445
They're not getting it kind of goes back to what we were talking about just a minute ago. The vibes

847
00:57:52.605 --> 00:57:53.405
have changed.

848
00:57:54.090 --> 00:57:54.650
And

849
00:57:55.450 --> 00:58:01.210
we've got all these people that are fiat with a fiat mindset, just wanting to make more dollars.

850
00:58:01.770 --> 00:58:06.170
That's that's literally all they're trying to do is just make more dollars. But hasn't that always been the case?

851
00:58:07.345 --> 00:58:18.865
I'm not worried about making more dollars. I'm worried about making more Bitcoin. No. I mean, okay. But there's always been a subset of Bitcoiners that that was the case for. I think it is. But then again,

852
00:58:19.370 --> 00:58:26.970
they're still stuck in that fiat mindset. Right. They're not really a lot of people say, well, if I hold Bitcoin, I'm a Bitcoiner. Yeah.

853
00:58:27.210 --> 00:58:28.810
Technically, Technically, yeah.

854
00:58:29.690 --> 00:58:30.410
Are you really?

855
00:58:32.665 --> 00:58:35.944
Are you really a Bitcoiner? I mean, are you searching to

856
00:58:35.944 --> 00:58:37.545
separate money and state?

857
00:58:38.345 --> 00:58:39.465
Because you're not.

858
00:58:41.865 --> 00:58:43.785
And I think that we've lost that.

859
00:58:46.490 --> 00:58:47.530
Know what's main the main thing?

860
00:58:49.130 --> 00:58:51.369
Thing, you know what got me peaked about

861
00:58:52.569 --> 00:58:53.369
Bitcoin?

862
00:58:54.010 --> 00:58:55.610
Andreas Antonopoulos.

863
00:58:55.930 --> 00:58:57.210
I'm sitting there

864
00:58:57.770 --> 00:58:58.570
again,

865
00:58:58.650 --> 00:59:02.555
watching, scrolling through YouTube channels back in 2016.

866
00:59:04.635 --> 00:59:07.435
And I run across this guy, Andreas.

867
00:59:08.555 --> 00:59:10.555
And this, you know, I forget what the

868
00:59:10.795 --> 00:59:12.475
actual name of the video was.

869
00:59:13.720 --> 00:59:16.600
I was like, what the hell is Bitcoin? So I clicked on it.

870
00:59:17.320 --> 00:59:21.080
He starts giving the stuff. He starts giving the, you know, there might've

871
00:59:21.080 --> 00:59:30.455
been 25 people in the damn audience, but he's sitting there explaining stuff to him. And he said to me, I was already an ad cap, and he was like, The government can't stop it.

872
00:59:32.935 --> 00:59:34.215
That got me hooked.

873
00:59:36.375 --> 00:59:39.575
Say no more. Seriously. Yeah. Okay, cool. Let's do it.

874
00:59:40.780 --> 00:59:41.980
But then of course,

875
00:59:42.700 --> 00:59:48.539
I didn't understand what Bitcoin was at that time. I went down the shithole rabbit or the shithole rabbit

876
00:59:48.539 --> 00:59:51.980
hole and, you know, started trying to mine

877
00:59:52.445 --> 00:59:53.405
Monero

878
00:59:53.405 --> 00:59:54.925
and Ethereum

879
00:59:54.925 --> 00:59:56.925
and all this other stupid shit.

880
00:59:58.765 --> 01:00:00.525
But then finally, you know,

881
01:00:01.565 --> 01:00:03.085
I was just like, man, Bitcoin only.

882
01:00:06.940 --> 01:00:09.820
Once I came to that realization, it just made things easier.

883
01:00:11.420 --> 01:00:12.859
Makes Because was

884
01:00:13.339 --> 01:00:13.980
still

885
01:00:16.059 --> 01:00:19.180
stuck in that fiat mindset. I was just trying to make more dollars.

886
01:00:19.980 --> 01:00:24.375
That's all I was trying to do. And I think a lot of the people that first get into Bitcoin,

887
01:00:24.775 --> 01:00:33.015
they're still stuck in that as well. I mean, everybody gets into Bitcoin for a number go It's journey, right? Yeah. Everybody gets in it for a number go up, but then

888
01:00:33.255 --> 01:00:34.855
you come across freedom go up.

889
01:00:36.470 --> 01:00:38.790
That's a whole new rabbit hole right there.

890
01:00:39.990 --> 01:00:41.830
And once you start going down that,

891
01:00:42.150 --> 01:00:43.190
it's over with.

892
01:00:43.750 --> 01:00:44.950
Can't go back.

893
01:00:45.430 --> 01:00:46.070
No.

894
01:00:46.790 --> 01:00:48.550
Can't go back to sleep once you're awake.

895
01:00:51.775 --> 01:00:52.495
But would you

896
01:00:53.295 --> 01:00:54.335
don't you think it would

897
01:00:56.495 --> 01:01:00.975
it's it's it's kind of inevitable. There was no avoiding this timeline.

898
01:01:01.320 --> 01:01:03.800
Like, there was going to be Bitcoin ETFs.

899
01:01:04.280 --> 01:01:05.960
Oh, of course there is. Look,

900
01:01:06.280 --> 01:01:11.720
I believe everybody that wants to own Bitcoin should be able to own Bitcoin. I think Sailor should be able to do what he wants to do.

901
01:01:13.880 --> 01:01:15.080
I don't hate Sailor,

902
01:01:17.255 --> 01:01:20.455
but I think you're absolutely retarded if

903
01:01:20.935 --> 01:01:23.335
you buy MSTR instead of

904
01:01:23.495 --> 01:01:25.495
the actual underlying asset.

905
01:01:25.735 --> 01:01:26.375
Right.

906
01:01:29.095 --> 01:01:32.535
Is interesting. Like people miss that, right? There's two different pieces. There's

907
01:01:33.390 --> 01:01:35.869
anyone can use Bitcoin how they want to use it.

908
01:01:36.270 --> 01:01:36.670
So

909
01:01:37.789 --> 01:01:44.750
Sailor can use it as he wants, but that's that's strictly different than thinking that MSTR is buying

910
01:01:45.549 --> 01:01:47.309
MSTR is better than buying Bitcoin.

911
01:01:48.135 --> 01:01:51.015
You're conflating his right to own Bitcoin

912
01:01:52.375 --> 01:01:54.455
with actually owning it yourself.

913
01:01:54.775 --> 01:01:58.375
You're giving him money so that he can own it. You don't own it.

914
01:01:59.670 --> 01:02:01.670
All you're hoping for is more dollars.

915
01:02:04.230 --> 01:02:08.630
What are you gonna do with those dollars when he has all the Bitcoin? You think he's gonna sell it to you?

916
01:02:12.485 --> 01:02:14.405
It just doesn't make sense to me, man.

917
01:02:15.205 --> 01:02:19.445
And like I said, I am a little retarded, so I could be completely wrong.

918
01:02:22.725 --> 01:02:23.445
Yeah.

919
01:02:23.605 --> 01:02:24.885
I mean, I'll own that too.

920
01:02:27.460 --> 01:02:30.820
The one thing I would want I do want to point out here is,

921
01:02:31.380 --> 01:02:32.580
like, I think

922
01:02:32.900 --> 01:02:37.220
the ETFs paper Bitcoin stuff, like that was all very much inevitable.

923
01:02:37.380 --> 01:02:40.740
Banks doing custodial Bitcoin stuff is all inevitable.

924
01:02:41.940 --> 01:02:42.180
The

925
01:02:43.425 --> 01:02:45.985
the main public Bitcoin companies

926
01:02:46.065 --> 01:02:52.625
are just selling stock to buy Bitcoin and not actually having other, like profitable business lines

927
01:02:53.425 --> 01:02:56.225
was not necessarily inevitable. That was something that

928
01:02:56.550 --> 01:03:04.310
caught me off guard. And we're here now. It is it is what exists. But I would, I would also separate those things. Like, think

929
01:03:04.950 --> 01:03:12.230
I think there will be very profitable Bitcoin businesses that are public that sell stock and have, you know, treasury

930
01:03:12.575 --> 01:03:18.175
reserves and Bitcoin operate on a Bitcoin standard. We haven't seen that yet, but I think those should be

931
01:03:20.095 --> 01:03:22.815
it's it's different than whatever MSTR

932
01:03:22.815 --> 01:03:23.615
and

933
01:03:23.615 --> 01:03:25.214
the clones are right now.

934
01:03:26.335 --> 01:03:26.734
Yeah.

935
01:03:29.920 --> 01:03:32.640
I don't really pay too much attention to him anymore.

936
01:03:33.759 --> 01:03:35.119
I

937
01:03:37.200 --> 01:03:40.640
mean, I'll give credit where credit's due. Sailor is a fucking genius.

938
01:03:41.225 --> 01:03:42.905
I mean, I'm not gonna doubt that.

939
01:03:43.225 --> 01:03:43.785
He

940
01:03:44.185 --> 01:03:45.305
literally is

941
01:03:46.505 --> 01:03:48.105
he came up with a way to

942
01:03:49.465 --> 01:03:51.305
accumulate a lot of Bitcoin.

943
01:03:51.625 --> 01:03:55.465
Over 800,000 Bitcoin. That's impressive. I mean, that's that is insane.

944
01:03:56.880 --> 01:03:58.640
Think he'll surpass Satoshi?

945
01:04:00.720 --> 01:04:01.599
I mean

946
01:04:02.960 --> 01:04:04.560
looks like he's going to.

947
01:04:05.440 --> 01:04:13.965
And and one way or another. Right? I think he's also I mean, he said in the past that he supports a fork of Bitcoin that would freeze Satoshi's coin.

948
01:04:14.765 --> 01:04:17.245
Yeah. No, I don't agree with that either.

949
01:04:19.005 --> 01:04:20.525
I think that's gonna be

950
01:04:22.125 --> 01:04:30.290
You think that's gonna be worse than BIP one ten? Yeah. I think BIP one ten is, you know, like a minor league soft softball game

951
01:04:30.609 --> 01:04:32.050
in the lead up to this.

952
01:04:32.849 --> 01:04:35.250
Yeah. In the lead up to the quantum seizing,

953
01:04:35.250 --> 01:04:39.985
freezing Bitcoin. First of all, there's a lot of technical people that support freezing.

954
01:04:40.065 --> 01:04:42.465
I think it's I think it's stealing Bitcoin.

955
01:04:42.785 --> 01:04:44.145
Yes. They'll call it freezing.

956
01:04:44.385 --> 01:04:46.465
Technically, that would be a soft fork.

957
01:04:47.025 --> 01:04:47.745
Mhmm.

958
01:04:49.185 --> 01:04:51.345
And the difference is

959
01:04:52.329 --> 01:04:58.890
they actually control a lot of hash rates. So a lot of the strategy that the BIP one ten group has been attempting

960
01:04:59.050 --> 01:05:05.130
would work really well if they had, you know, a foundry or someone like that supporting them with 30% of the hash rate.

961
01:05:06.185 --> 01:05:10.585
So it's it's it's a lot more credible in terms of

962
01:05:13.465 --> 01:05:16.905
trying to force the network into a consensus change.

963
01:05:17.305 --> 01:05:17.945
Alright.

964
01:05:19.145 --> 01:05:20.425
What did you yeah. Go on.

965
01:05:21.090 --> 01:05:23.970
I was gonna say well, never mind. Go ahead.

966
01:05:24.770 --> 01:05:28.770
Well, I mean, you brought it up. What is your opinion of this whole BIP one ten thing?

967
01:05:31.730 --> 01:05:32.930
Here's the way I look at it.

968
01:05:34.865 --> 01:05:37.505
I'm not technologically capable of making

969
01:05:37.984 --> 01:05:39.585
a thorough analysis

970
01:05:39.984 --> 01:05:42.625
based on the simple But code and the

971
01:05:46.690 --> 01:05:48.610
there's a lot of people that I respect

972
01:05:49.330 --> 01:05:50.530
and I trust

973
01:05:50.690 --> 01:05:55.490
that they're telling me the truth. You're either very authentic in this space or you're not.

974
01:05:56.370 --> 01:06:01.810
You can tell who's genuine and who's authentic versus the people that are not. To me, that's just a given. And

975
01:06:02.845 --> 01:06:04.285
nine out of 10 people

976
01:06:04.925 --> 01:06:07.325
that I trust are against it.

977
01:06:07.885 --> 01:06:09.405
They're telling me it's bullshit.

978
01:06:10.605 --> 01:06:11.245
They

979
01:06:11.565 --> 01:06:14.365
will actually sit down and explain to you why it is

980
01:06:14.760 --> 01:06:18.520
as to where the other side just calls you names,

981
01:06:18.600 --> 01:06:20.360
calls you whatever,

982
01:06:22.280 --> 01:06:23.800
ad hominem attacks.

983
01:06:24.760 --> 01:06:26.200
They don't have any real argument.

984
01:06:27.885 --> 01:06:31.565
And the arguments that they do come up with sound like complete nonsense,

985
01:06:32.285 --> 01:06:34.605
even to a nontechnical person like me.

986
01:06:37.645 --> 01:06:38.205
So,

987
01:06:39.405 --> 01:06:40.045
no,

988
01:06:40.605 --> 01:06:43.485
I think it's a distraction. I don't think that it's going to take hold.

989
01:06:44.780 --> 01:06:45.580
Apparently,

990
01:06:45.580 --> 01:06:47.340
they're buying all their Hash rate.

991
01:06:48.619 --> 01:06:49.020
It's

992
01:06:49.820 --> 01:06:51.260
I don't see it happening.

993
01:06:51.500 --> 01:06:52.700
Nobody's signaling.

994
01:06:55.500 --> 01:06:56.220
Yeah.

995
01:06:57.340 --> 01:06:57.820
I mean,

996
01:07:03.904 --> 01:07:04.865
I think

997
01:07:05.105 --> 01:07:12.224
I mean, to some similarities to our previous conversation. I think, first of all, one of the cool parts about Bitcoin is anyone can fork out well whenever they want.

998
01:07:12.849 --> 01:07:17.650
And so I respect everyone's right to fork. No one has to give them permission. You can just fork.

999
01:07:18.050 --> 01:07:18.930
Now,

1000
01:07:19.250 --> 01:07:20.290
so that part,

1001
01:07:21.650 --> 01:07:28.290
you know, is is literally what make one of the things that makes Bitcoin great is no one controls it, and anyone can fork without permission.

1002
01:07:28.825 --> 01:07:29.545
Mhmm.

1003
01:07:29.865 --> 01:07:30.425
My

1004
01:07:30.745 --> 01:07:31.945
my disagreements

1005
01:07:31.945 --> 01:07:33.465
have mostly been about

1006
01:07:33.705 --> 01:07:34.585
messaging

1007
01:07:34.585 --> 01:07:35.385
and

1008
01:07:36.185 --> 01:07:39.705
what I think is very can be very misleading messaging.

1009
01:07:39.705 --> 01:07:42.505
I think also the tactics have been

1010
01:07:43.020 --> 01:07:48.780
for a while. Fucked. Yeah. Fucked up in a lot of ways. I I and it all it's it started

1011
01:07:49.100 --> 01:07:53.100
and and to be clear, like, I didn't agree with Core's decision

1012
01:07:53.260 --> 01:08:05.495
to change the default relay policy, which wasn't a consensus change. It was over their project, and they were also within their right to do that. But it all started with the personal attacks to Gloria specifically,

1013
01:08:06.535 --> 01:08:09.415
which I thought were pretty fucked up. Mhmm.

1014
01:08:10.295 --> 01:08:11.415
And then

1015
01:08:11.980 --> 01:08:16.140
the tactics after that, they're just never seemed like a real

1016
01:08:16.140 --> 01:08:17.020
attempt

1017
01:08:17.020 --> 01:08:19.100
to build any kind of consensus,

1018
01:08:20.380 --> 01:08:30.014
which is what we've seen in the past. And it's very to be clear, it's very difficult to build consensus in Bitcoin, especially as Bitcoin matures. That's also one of the cool parts, right? Because

1019
01:08:30.574 --> 01:08:33.215
if a small group can change

1020
01:08:34.014 --> 01:08:42.770
the fundamental rules of Bitcoin, then they can change them from the worst strictly. So I think if you look at realism here, there was no real attempt for consensus.

1021
01:08:42.770 --> 01:08:46.370
And what's going to happen is there will be a chain split. And

1022
01:08:46.930 --> 01:08:55.125
the promoters of it are still saying in a lot of lot of they've been never being clear about it, that there will be a chain split, and we'll find out in two weeks.

1023
01:08:55.605 --> 01:08:57.925
The weird thing about Bitcoin consensus is

1024
01:08:58.485 --> 01:09:00.405
you don't really know until after

1025
01:09:00.725 --> 01:09:06.449
it goes active whether or not there's consensus. The proof is whether or not there's a chain split.

1026
01:09:07.250 --> 01:09:11.889
But in the past, when there's been consensus changes, there's been a very deliberate

1027
01:09:12.530 --> 01:09:34.920
over attempt to make sure there's consensus because the promoters wanted to avoid a chain split. And that was never really taken into account here. And then from a technical point of view, which I actually don't think it's really a technical argument. And that's why I sort of waste of time to usually argue on technicals. You don't like argue with trolls on in on technical arguments. I think, you know, I think Bitcoin is, is

1028
01:09:35.160 --> 01:09:36.680
more or less ossified.

1029
01:09:36.680 --> 01:09:39.800
I don't think there's going be any real significant changes to Bitcoin.

1030
01:09:40.520 --> 01:09:42.360
And I think reducing

1031
01:09:42.985 --> 01:09:46.265
the functionality we already have on the Taproot side

1032
01:09:47.145 --> 01:09:56.185
is a mistake. I think, you know, any kind of will there be is will there be spam? Yes. Will there be shitcoin adjacent stuff? Yes. But I think

1033
01:09:57.060 --> 01:10:00.820
the flexibility is helpful if what you care about is Bitcoin as money.

1034
01:10:01.219 --> 01:10:04.179
And then from the social social point of view,

1035
01:10:04.420 --> 01:10:06.419
it's just been really frustrating because

1036
01:10:07.380 --> 01:10:10.020
there's a lot of good people that I think

1037
01:10:10.495 --> 01:10:12.574
believe they're doing the right thing.

1038
01:10:12.895 --> 01:10:16.175
Yeah. And ultimately, Bitcoin is a movement of people.

1039
01:10:16.815 --> 01:10:21.375
And we need those people like we need those people more than ever. The if,

1040
01:10:21.535 --> 01:10:28.050
if, if you believe that Bitcoin is the best money and should be the best money and should prioritize being the best money,

1041
01:10:28.530 --> 01:10:35.570
and you want to use Bitcoin as money on a daily basis, you're my ally. We're

1042
01:10:35.570 --> 01:10:38.050
supposed to be in the trenches together. And so it's

1043
01:10:38.610 --> 01:10:44.675
been really frustrating and difficult for me. And hopefully there'll be some clarity that happens in two weeks when

1044
01:10:45.235 --> 01:10:56.980
the activation is attempted and what I expect it to be a chain split, or if there is consensus, which I don't think there is by any, it's not even close, there not being a chain split and BIP 110 just gets activated.

1045
01:10:57.620 --> 01:11:03.540
But in the back of my head, I just assume that's not going to be the end of it. It might actually

1046
01:11:03.700 --> 01:11:07.540
socially wise get worse after that. So we'll see how that plays out.

1047
01:11:09.505 --> 01:11:14.544
I'm a very similar mind. I mean, I've got a lot of people I respect on both sides of the equation.

1048
01:11:14.864 --> 01:11:15.425
Yeah.

1049
01:11:15.905 --> 01:11:17.264
And, you know,

1050
01:11:17.985 --> 01:11:26.340
honestly, I just want to get back to separating money from state. That's the argument. I let's all just get back. Yeah. Let's just all get back to Bitcoin as money.

1051
01:11:27.300 --> 01:11:27.939
So

1052
01:11:29.380 --> 01:11:31.539
I think some of them had become

1053
01:11:33.139 --> 01:11:35.860
very emotional and they're allowing their emotions.

1054
01:11:38.935 --> 01:11:43.815
But, know, like I said, I mean, I can't argue it technically,

1055
01:11:45.895 --> 01:11:47.655
that's just my reading on it.

1056
01:11:48.550 --> 01:11:49.910
Yeah, I am.

1057
01:11:53.350 --> 01:11:55.510
I do wonder how much of it is

1058
01:11:56.710 --> 01:11:58.790
also just like a microcosm

1059
01:11:58.790 --> 01:11:59.350
of

1060
01:11:59.590 --> 01:12:04.704
current state of society. And just like, it bleeds over into Bitcoin because Bitcoin is people.

1061
01:12:05.985 --> 01:12:16.704
That, and I think the bear market has something to do with people's emotions as well. Because I mean, from everything I've seen, there's always a, there's always a lot of infighting during bear markets. Always.

1062
01:12:17.810 --> 01:12:20.290
Because there's no euphoria to overtake that.

1063
01:12:20.610 --> 01:12:25.250
You always want to blame someone else too. Yeah. It's a natural human desire

1064
01:12:25.650 --> 01:12:28.850
to blame someone else instead of yourself for whatever Yeah. So, your problems

1065
01:12:30.610 --> 01:12:31.090
yeah.

1066
01:12:32.290 --> 01:12:33.010
But

1067
01:12:33.865 --> 01:12:35.465
I think we'll get out of it.

1068
01:12:37.065 --> 01:12:41.225
I think, somebody was saw something where, each

1069
01:12:41.625 --> 01:12:44.105
and every time that they try to do a hard fork,

1070
01:12:45.910 --> 01:12:47.270
right after it fails,

1071
01:12:47.430 --> 01:12:49.429
we go into a massive bull run.

1072
01:12:51.510 --> 01:12:55.750
Yeah. In this case, I mean, it's technically a soft fork. It's a restriction

1073
01:12:56.150 --> 01:13:01.955
of the rules. There's only been one real attempt at a hard fork, which was Bcash, like a deliberate attempt. But

1074
01:13:02.595 --> 01:13:06.435
a soft fork without consensus, which we've never actually seen

1075
01:13:06.835 --> 01:13:07.875
at scale

1076
01:13:07.955 --> 01:13:09.875
would result in a chain split,

1077
01:13:10.435 --> 01:13:15.075
which kind of ends up in this similar situation as a hard fork, which is an intentional chain split.

1078
01:13:16.330 --> 01:13:17.370
And so,

1079
01:13:17.690 --> 01:13:19.530
I mean, the question is, if you

1080
01:13:20.250 --> 01:13:26.890
if that change if if the proponents of it actually want that chain to continue or not, I think they probably would.

1081
01:13:27.210 --> 01:13:30.090
And so we'll have a chance. But now there is a separate

1082
01:13:31.025 --> 01:13:33.425
thing happening next month, which is

1083
01:13:33.985 --> 01:13:35.344
Paul Sports's

1084
01:13:35.585 --> 01:13:44.784
e cash fork or a technically not I guess he's he's claiming it's not a fork. Are you aware of this? His drive chain thing? Yeah. He's like, no one's paying attention.

1085
01:13:47.570 --> 01:13:49.889
But that will be effectively a new chain.

1086
01:13:50.690 --> 01:13:53.010
Or I guess it's a more of a hard fork.

1087
01:13:53.970 --> 01:14:09.354
But he's taking half of Satoshi's coins, but everyone else will get equivalent amount on his chain, which isn't e cash, but it's call he's calling it e cash, which is confusing. So that will also be happening in August. And then all of this does kinda line up with the cycles we've seen in the past.

1088
01:14:10.235 --> 01:14:10.875
So

1089
01:14:11.690 --> 01:14:13.850
it could be a very interesting fall.

1090
01:14:14.490 --> 01:14:18.090
I don't really, I try not to make price predictions anymore.

1091
01:14:18.730 --> 01:14:25.370
Sometimes I get ahead of myself. I don't I don't even pay attention to price predictions anymore. I think they're so funny. Everybody, this is like,

1092
01:14:26.825 --> 01:14:29.705
what, my third cycle now? It's also ridiculous.

1093
01:14:31.385 --> 01:14:31.864
Knows

1094
01:14:32.905 --> 01:14:34.505
what Bitcoin's going to be tomorrow.

1095
01:14:34.745 --> 01:14:36.025
Exactly. Absolutely nobody.

1096
01:14:37.865 --> 01:14:38.185
I

1097
01:14:39.190 --> 01:14:41.829
don't care if you're Satoshi. You don't know where it's going tomorrow.

1098
01:14:42.150 --> 01:14:52.389
The important thing is, I mean, especially if you're keeping it as your savings, is the expectation that with adoption purchasing power increases long term or like the lease doesn't go down. But I mean,

1099
01:14:53.575 --> 01:15:01.975
I think that's probably the key conviction. And then after that, like everyone is just making up shit. It does it does do wonders for engagement.

1100
01:15:02.135 --> 01:15:08.055
I will say on the suits piece, it'll be interesting. This is the first time with major suit adoption,

1101
01:15:09.710 --> 01:15:18.350
where they're going to have to navigate, they might have to navigate a bit one ten chain split is my expectation that they will. And then how they're going to deal with Paul sports is

1102
01:15:18.670 --> 01:15:20.030
effective airdrop.

1103
01:15:20.030 --> 01:15:20.670
So that,

1104
01:15:22.855 --> 01:15:26.614
you know, will be a lot of sleepless nights for their shareholders

1105
01:15:26.614 --> 01:15:32.454
and users and themselves on how they decide to to deal with that. And it's gonna

1106
01:15:32.855 --> 01:15:41.790
probably not be the last time. So it should be that should be interesting component that I think people aren't really thinking about too much right now, but will be obvious in hindsight.

1107
01:15:43.550 --> 01:15:46.750
I think we're going to keep having fights over and over and over again.

1108
01:15:47.310 --> 01:15:52.345
Oh, 100%. I mean, it's just a human condition and it's a leaderless system, right? So, it's like,

1109
01:15:52.905 --> 01:15:55.225
that is the consensus mechanism in a lot of Yeah.

1110
01:15:56.025 --> 01:15:58.345
Because none of us agree with each other all the time.

1111
01:15:58.585 --> 01:15:59.305
No.

1112
01:15:59.545 --> 01:16:03.625
And that if we had to all agree, then Bitcoin would be fucked.

1113
01:16:03.950 --> 01:16:06.430
Oh, it'd be real fucked. It wouldn't work.

1114
01:16:06.910 --> 01:16:08.190
But it

1115
01:16:09.390 --> 01:16:15.230
is an interesting concept with chain splits. That is actually a direct incentive for people to self custody.

1116
01:16:15.390 --> 01:16:19.310
There are are people that are sitting in ETFs right now. Yep.

1117
01:16:20.455 --> 01:16:21.815
Or on the exchanges.

1118
01:16:22.295 --> 01:16:29.255
Yeah. And they have no they have no agency over what happens and and they might miss out on some

1119
01:16:30.535 --> 01:16:31.574
significant

1120
01:16:31.975 --> 01:16:32.775
fork dividend.

1121
01:16:33.700 --> 01:16:35.380
Why I sleep so good at night.

1122
01:16:35.780 --> 01:16:36.980
I'm not gonna lie.

1123
01:16:37.140 --> 01:16:38.260
Self custody,

1124
01:16:38.500 --> 01:16:42.659
that's another life act. Literally. People do not understand the importance of it.

1125
01:16:43.060 --> 01:16:44.420
I don't have to worry about anything.

1126
01:16:46.035 --> 01:16:49.075
I know when I wake up tomorrow, I still got my my corn.

1127
01:16:50.115 --> 01:16:52.355
Do you have what's your opinion on

1128
01:16:53.315 --> 01:16:55.475
and then we'll wrap. What's your opinion on,

1129
01:16:57.795 --> 01:17:00.515
how do we increase self custody usage of Bitcoin?

1130
01:17:02.570 --> 01:17:09.850
That's a hard one. I don't know. Like I said, it goes back to what we were talking about earlier. People don't want to take responsibility for themselves.

1131
01:17:10.170 --> 01:17:12.490
Look, I was scared to death when I first took self custody.

1132
01:17:13.385 --> 01:17:16.265
Not gonna lie. I was scared to death. I

1133
01:17:16.585 --> 01:17:18.585
don't know how many times I watched

1134
01:17:19.385 --> 01:17:20.105
videos.

1135
01:17:21.145 --> 01:17:23.785
You actually did one that I watched,

1136
01:17:24.345 --> 01:17:31.040
but it wasn't very good, to be honest with you. For the cold card wasabi one? For the cold, yeah, for the cold card. Yeah. And,

1137
01:17:31.760 --> 01:17:32.879
thanks a lot.

1138
01:17:34.559 --> 01:17:36.400
I'm just messing with you, dude. But,

1139
01:17:36.960 --> 01:17:37.999
then I watched

1140
01:17:38.400 --> 01:17:44.639
Ben, he did it a couple of times. I watched it over and over and over again. And I think the first one I got was a MK1

1141
01:17:44.685 --> 01:17:45.885
or MK2.

1142
01:17:46.525 --> 01:17:47.085
Was one Yeah, of

1143
01:17:48.045 --> 01:17:48.844
cold card.

1144
01:17:50.285 --> 01:17:59.085
And man, I must have practiced it I don't know how many times. And then I sent just a little bit, like a 100 sats, just to make sure and everything.

1145
01:17:59.965 --> 01:18:01.820
And yeah, it was scary.

1146
01:18:02.060 --> 01:18:03.179
So, I mean,

1147
01:18:03.820 --> 01:18:05.340
it's become easier now.

1148
01:18:06.140 --> 01:18:07.179
But yeah,

1149
01:18:07.260 --> 01:18:10.699
when you're originally first doing it and you're dealing with a lot of money

1150
01:18:11.500 --> 01:18:14.140
and you're responsible for it, and if you make one mistake,

1151
01:18:15.855 --> 01:18:17.935
that is scary. So it

1152
01:18:18.815 --> 01:18:20.495
goes back to personal

1153
01:18:22.735 --> 01:18:23.775
responsibility.

1154
01:18:24.655 --> 01:18:28.095
The easier that we make it for people, like now it's pretty simple.

1155
01:18:29.260 --> 01:18:30.139
Well,

1156
01:18:30.940 --> 01:18:33.579
at least to me, because I've been using it for a while.

1157
01:18:33.980 --> 01:18:36.139
So, I could have a biased opinion on this.

1158
01:18:37.100 --> 01:18:37.659
But

1159
01:18:38.380 --> 01:18:40.139
it seems to me like it's become easier.

1160
01:18:40.625 --> 01:18:44.784
It's definitely become easier. But I don't think the technical aspect is the hard part.

1161
01:18:45.185 --> 01:18:48.065
The hard part is the responsibility part, which is impossible So, to

1162
01:18:51.824 --> 01:18:54.080
I don't know how we do that. Because

1163
01:18:56.320 --> 01:19:00.080
I mean, it's the same thing as convincing somebody to hold

1164
01:19:00.560 --> 01:19:01.600
a $100,000

1165
01:19:01.600 --> 01:19:05.920
worth of gold in their house versus in a vault in a bank. Right.

1166
01:19:06.835 --> 01:19:08.914
For an ETF. You know? Yeah.

1167
01:19:10.755 --> 01:19:13.314
A lot of ways, Bitcoiners are just going through the same

1168
01:19:13.795 --> 01:19:17.874
arguments and debates and culture shifts as the gold people did. Yeah.

1169
01:19:18.675 --> 01:19:18.994
So,

1170
01:19:19.530 --> 01:19:20.570
what do you do?

1171
01:19:21.850 --> 01:19:25.610
I mean, obviously, it's gotten a whole lot easier. And

1172
01:19:27.610 --> 01:19:29.690
It's way easier to secure

1173
01:19:30.250 --> 01:19:32.570
and reasonable to secure $100,000

1174
01:19:32.570 --> 01:19:35.565
worth of Bitcoin yourself and $100,000

1175
01:19:35.565 --> 01:19:37.885
worth of gold. Oh, absolutely.

1176
01:19:38.765 --> 01:19:39.885
But you're not to

1177
01:19:41.245 --> 01:19:42.764
get that through to a lot of people.

1178
01:19:43.725 --> 01:19:44.045
And

1179
01:19:45.740 --> 01:19:47.420
I think we've

1180
01:19:47.420 --> 01:19:49.660
got to overcome their fear. And

1181
01:19:50.540 --> 01:19:54.460
fear is the hardest thing to ever overcome. And don't they have to do that themselves?

1182
01:19:54.860 --> 01:19:57.660
They do have to do that, but we have to help them somehow.

1183
01:20:01.215 --> 01:20:02.895
Everybody doesn't have balls.

1184
01:20:05.535 --> 01:20:06.175
So

1185
01:20:07.295 --> 01:20:09.615
I mean, it's a funny expression because

1186
01:20:10.575 --> 01:20:19.829
the single craziest personal responsibility thing I've ever witnessed is something I didn't do is what my wife did, which is childbirth

1187
01:20:19.829 --> 01:20:21.510
and also pregnancy,

1188
01:20:21.510 --> 01:20:25.749
which is insane. Like our humans require it to survive.

1189
01:20:26.389 --> 01:20:27.669
We

1190
01:20:27.750 --> 01:20:29.429
do it generation after generation.

1191
01:20:30.125 --> 01:20:34.124
Yeah. If it was left up to men to have babies, we'd be dead a long time ago.

1192
01:20:34.685 --> 01:20:38.045
It's one of the things that made me actually way more bullish on the movement,

1193
01:20:38.364 --> 01:20:40.764
like the radical personal responsibility,

1194
01:20:40.765 --> 01:20:41.965
freedom tech, Bitcoin.

1195
01:20:42.580 --> 01:20:45.460
Self custody is so much easier than

1196
01:20:45.940 --> 01:20:50.099
childbirth, raising children. We figured it out. We do it.

1197
01:20:51.699 --> 01:20:53.059
I think it was I

1198
01:20:54.500 --> 01:20:55.380
think a lot of people

1199
01:20:56.224 --> 01:20:58.224
that have less of a problem

1200
01:20:59.105 --> 01:21:00.704
maneuvering into Bitcoin

1201
01:21:02.784 --> 01:21:05.664
are people that already had a liberty mindset.

1202
01:21:05.985 --> 01:21:06.784
Yeah.

1203
01:21:07.824 --> 01:21:10.784
They already had this mindset. Like, they were self efficient.

1204
01:21:11.360 --> 01:21:13.999
They could do things on their own. They don't need you.

1205
01:21:15.920 --> 01:21:17.679
And it's a whole lot easier

1206
01:21:18.400 --> 01:21:20.639
for them to conform to Bitcoin

1207
01:21:21.679 --> 01:21:25.465
than it is for the average normie. Because you're not teaching them responsibility.

1208
01:21:25.465 --> 01:21:25.945
If

1209
01:21:26.664 --> 01:21:29.704
the responsibility part is the hard part, which I think is the case,

1210
01:21:30.505 --> 01:21:32.425
then they just skip that step. And

1211
01:21:33.545 --> 01:21:36.025
the truth of the matter is we mostly already have those people,

1212
01:21:36.960 --> 01:21:38.320
The it's

1213
01:21:38.880 --> 01:21:42.240
it's the it's it's everyone else that is

1214
01:21:42.800 --> 01:21:46.080
we're we're hitting walls against. It makes sense. Right?

1215
01:21:46.480 --> 01:21:50.720
Like, the early adopters of Bitcoin were all freedom oriented people. Oh, yeah. Absolutely.

1216
01:21:52.255 --> 01:21:55.935
I mean, that's what it was about to begin with. I'd love to go back to that,

1217
01:21:56.575 --> 01:22:01.615
there's only so many of those people, right? Those people are a subset of the global population.

1218
01:22:02.095 --> 01:22:02.735
It's

1219
01:22:03.055 --> 01:22:03.695
been saturated.

1220
01:22:04.510 --> 01:22:06.350
I mean, I've

1221
01:22:06.350 --> 01:22:08.110
honestly found it amazing

1222
01:22:08.830 --> 01:22:10.749
throughout my journey in Bitcoin

1223
01:22:10.750 --> 01:22:12.909
how many Bitcoiners are statist.

1224
01:22:13.550 --> 01:22:14.189
Yeah.

1225
01:22:14.670 --> 01:22:15.869
That

1226
01:22:15.869 --> 01:22:19.150
just blows my mind. I would think that most of them would be, you know,

1227
01:22:20.325 --> 01:22:22.005
handcaps, libertarians,

1228
01:22:22.005 --> 01:22:22.565
something.

1229
01:22:23.045 --> 01:22:23.684
You know?

1230
01:22:24.405 --> 01:22:24.965
But

1231
01:22:25.285 --> 01:22:26.405
to believe that

1232
01:22:26.645 --> 01:22:27.925
to believe you know?

1233
01:22:28.565 --> 01:22:39.070
I don't know. It's just some of the stuff that I've read from some of them. It's amazing. Like, they think they need daddy to tell them what to do. Most people are status. That's just the reality of the situation.

1234
01:22:39.310 --> 01:22:44.110
We're a small micro, you know, we're a small minority. Most people are

1235
01:22:46.990 --> 01:22:50.534
status for the views they believe in. Right?

1236
01:22:51.175 --> 01:23:00.215
They're anti state if, if, if the state is political disagree, they have political disagreements with the state. As soon as that changes, they flip back.

1237
01:23:00.775 --> 01:23:03.975
Yep. There's a very small group that actually

1238
01:23:04.699 --> 01:23:09.979
As long as you think the way is true. Freedom oriented. Yeah. Then it's freedom. Yeah. Yeah. Exactly.

1239
01:23:10.860 --> 01:23:14.380
Okay, sir. This was a great rep. I thoroughly enjoyed it.

1240
01:23:14.860 --> 01:23:21.614
I think the freaks will have a good time with it. I thought it was a it's it's a it's a special rep. It's good to get to know you a little bit better.

1241
01:23:22.335 --> 01:23:24.974
Do you have any final thoughts for the freaks before we wrap?

1242
01:23:25.535 --> 01:23:26.574
Buy soap.

1243
01:23:27.775 --> 01:23:28.255
Man,

1244
01:23:30.159 --> 01:23:31.519
take self custody.

1245
01:23:31.840 --> 01:23:34.719
If, if, if you've got a talent,

1246
01:23:36.079 --> 01:23:37.359
if you've got a skill,

1247
01:23:38.320 --> 01:23:39.999
you can turn that into Bitcoin.

1248
01:23:42.000 --> 01:23:48.645
Quit letting the obstacles get in your way. Even if you're non technical like me, you can figure it out. There's plenty of videos.

1249
01:23:49.605 --> 01:23:51.445
There's plenty of software

1250
01:23:51.445 --> 01:23:54.485
out there that will help you. AlbieHub,

1251
01:23:54.485 --> 01:23:55.365
Zaprite,

1252
01:23:55.365 --> 01:23:56.725
you name it, it's there.

1253
01:23:57.125 --> 01:23:58.405
You can even use Stripe

1254
01:23:59.970 --> 01:24:03.090
as a business account. You can literally do it.

1255
01:24:03.570 --> 01:24:06.849
Is it KYC? Yeah. But at least you're earning Bitcoin.

1256
01:24:08.050 --> 01:24:11.010
So just do it. It's not that difficult.

1257
01:24:13.250 --> 01:24:20.275
Love it. You can just do things. Buy soap freaks. Soap miner dot com. If you use code RHR, you get a discount. Yep.

1258
01:24:21.955 --> 01:24:27.155
It's great soap. I use I use the soap every day. Thank you, sir. And I'll thank you, sir.

1259
01:24:29.870 --> 01:24:30.750
Freaks.

1260
01:24:30.990 --> 01:24:31.870
Love y'all.

1261
01:24:32.750 --> 01:24:35.630
Remember, crypto cloaks next week, we're gonna talk three d printing.

1262
01:24:36.510 --> 01:24:41.950
Share the show with your friends and family. Search the little dispatch in your favorite podcast app. Stay on the stacks hats. Pace.