It’s all going to zero against Bitcoin it’s going up for Everyone you’re against Bitcoin you’re against Freedom yo welcome to another episode of Simply Bitcoin live we’re number one source of the peaceful Bitcoin Revolution call breaking news culture medic Warfare we will be guide through the separation of money and state breaking news ladies and gentlemen Michael sailor announced another massive purchase using his uh so-called infinite
Money glitch where literally he takes debt buys Bitcoin with it the price of his stock goes up takes out more debt buys more Bitcoin with it and it’s like this infinite Loop well he used that infinite Loop strategy to finally accumulate 1% of the total Bitcoin Supply that is absolutely crazy so he
Currently holds 213,000 Bitcoin uh if my memory serves me correctly and again it’s interesting how you know the the Black Rock ETF and the micro strategies it’s almost as if they’re competing a little bit maybe um maybe I’m just seeing things maybe I just because I read the news every
Single day you see things that are not there but anyways I would like to believe that who who doesn’t want to compete to have the most Bitcoin right uh that’s I mean I guess that’s what I would do if I was Michael sailor shoes anyways in other news uh there’s a kind
Of a historic case right now currently in the Supreme Court I don’t hear a lot of people talking about it but it’s merthy vers Missouri and essentially the implications of this court uh are really going to determine what the federal government’s role is in being able to
Tap social media uh uh companies to censor content or not and we like to cover any type of freedom of speech related issue on simply Bitcoin and the reason if you guys are new to the channel the reason that we’d like to cover this on a Bitcoin channel is
Because in the future there’s going to be two options there’s going to be Bitcoin there’s going to be Central Bank digital currencies right in Europe they’re moving full steam ahead in the US they’re offy skating a little bit but we showed you guys the you know the
Information being leaked by Tom Ed Tom emmer the GOP majority whip where you know he literally showed a picture we showed it on yesterday’s episode where it said at the very bottom of that picture it said you know the one of the feds priorities is a central bank
Digital currency so make no mistake whatever they’re telling you uh why would they put that you know as one of their priorities if they weren’t actively pursuing it not to mention all the law fair by the anti- Bitcoin you know senators and congressmen and women
Right so anyways to kind of loop this up if the government if the state is not okay with you speaking freely uh what makes you think they’re going to be they’re going to be okay with you transacting freely freedom of speech is the front line for Bitcoin and something
Historic happened uh with uh when when Elon acquired Twitter I know a lot of bitcoiners are fan of Noster and I am too um it’s an amazing protocol you can’t just you know censor someone you can’t just deplatform them but the reality is that the vast majority of the
World is still on Twitter now the awesome thing about censorship is that there there’s an awesome part is that when you censor people seek Solutions right people seek alternativ so you know if you know Elon isn’t able to keep up what he’s trying to keep up what he’s
Trying to accomplish uh and he folds because it is a centralized platform after all and so much is at stake uh you know that’s where protocols like Noster come in that’s like or protocols like Bitcoin come in but again in terms of the information narrative trench warfare that we talk about all
All the time you know narrative trench Warf on the Battlegrounds of the internet uh you know these types of cases are extremely important uh because again guys like you have to understand what is happening and we’ve talked about this many times but essentially the internet uh disintermediated things it
Started with the disintermediation of information and now it’s the disintermediation of money and the state the government used to have basically control of those two entities and they’re losing it uh because of the rise of social media because of the rise of internet usage and of course because of
The rise of Bitcoin so of course they’re reacting to that um and essentially that’s what’s going on but uh anyways interesting times I don’t think they call it the fourth turning for no reason but it should be a great episode and uh we got a very special guest we got
See how you doing bro I think you muted my friend I’m really not good at this uh happy to be here did you find the missing tablets in the in the inopia ball I did I finally found them for anyone who doesn’t know what this is is
Seed signer do you mind explaining it like in a 10 20 second type of right so the The Branding is entropia it’s designed to look like some kind of supplement or prescription drug but it is one of the most trustless ways to create a private key so you’re selecting one of 2048 seed
Wordss you know one after the other out of the jar and you want to mix it up and and do it you know between each selection but it’s basically a lottery to create a private key in a very secure and uh independent way yeah and I and I’ve used this before it’s absolutely
Awesome you put all these all the 1,24 pieces in a bowl and you just mix it and mix it and mix it up and then you just pick one out of the bowl and then that’s how you you know you choose your words instead of relying on a random number
Generator or relying like on a hardware device and you have to trust them you know of course you know a lot of them say a lot of them they have the open source code and all that stuff but you’re still trusting a hardware device versus this you just put all these words
In a bowl literally mix it up old school uh that’s how you get your entropy right so when I saw this I bought it because I thought it was so cool and such a clever way of uh coming up with your 12 to 24 words seed seed words anyways I want to
Bring up my legendary co-host he is smiling today which means it’s going to be a phenomenal show the one the only the Optimus Fields how you doing bro I’m doing wonderful man let’s check out your shirt I I want I love that shirt dude so it’s conservative no Progressive no libertarian no bitcoiner
Yes I love that iove I approve of this message yes this is the way this is the signal here guys we say it all the time it’s not left vers right it’s orange vers green and uh you know bitcoiners really do feel like uh a constituent with no political party
Because we’re just like completely outside of the over window of both sides of the aisle and we really are ushering in a whole new paradigm of thinking as far as I’m concerned politically homeless politically homeless exactly exactly anyways uh on the culture as you guys can tell we got seed signer today
One of the I think one of the coolest Hardware wallets out there and we’re going to talk about where seed CER fits and maybe your stack or just the the the general stack of Hardware wallets today and I’m super hyped to get you on our buddy w
Who helps us on the back end he’s a huge fan of sied siner he loves what you guys are doing and it’s really one of the cool cool cooler projects in Bitcoin oh we got an interesting comment oh my seems like my restream is acting up op
But could you pull it up um it’s by utxo yeah there we go so I think I think what utxo is referring to is the entrop entropia um it says for maximum entropy you should draw only one tablet at a time return it and mix it again before
You draw the next one I agree cuz they’re double-sided remember they’re double-sided um so anyways that’s a really good comment seems like someone has used it before anyways guys before we jump into the show I do want to give a very special shout out to our lead
Sponsor and of course I am talking about the one the only Bitcoin well Bitcoin well is the best place to build your automatic self- custody Bitcoin stack what does that mean Bitcoin well is the only Bitcoin on-ramp in the United States that is self- custody by default
That’s right you can’t buy Bitcoin on bitcoin well unless you’re going to take self- custody which incentivizes self- custody which perfectly aligns with the simply Bitcoin ethos of the separation of money in state what are you waiting for go check out 3 million Satoshi roughly 3 million satoshis in the Bitcoin jackpot contest
So how do you enter into this contest well you go to bitcoin.com if you want more info go to bitcoin.com contest uh we’ve been giving away or they’ve been giving away better said a load of prizes uh over the last couple weeks uh we’ve given away a passport
Hardware wallet a Seb bunny book uh seed plates in fact last week we gave seed plates away every single day of the week uh which is absolutely awesome so stay tuned we be giving away more prizes but uh guys enter into this Bitcoin jackpot contest today go to bitcoin.com contest
If you’re an existing user go to your dashboard and go to the rewards section all right ladies and Gentlemen let’s get to the numbers we have a lot to talk about let’s check it out here we go the Bitcoin numbers is your Bitcoin and Cold Storage really secure is your
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Take advantage of the QR code on your screen right now it’ll take you directly to the stamp seed website where you can use promo code simply to get 15% off remember store your generational wealth properly at the time of recording the Bitcoin price is $ 24,37 SATs per dollar $1,554 block height
$835,000 blocks to having 4,613 having estimate April 19 2024 total lightning network capacity 4,474 Bitcoin capacity value $287 million realized monetary inflation 1.74% the total market cap of Bitcoin is currently sitting pretty at 1.27 trillion Bitcoin vers gold market cap 9.6% in the grand scheme of things
Bitcoin is still a baby anyways pause the show right now and stack some SATs because there is a bit of a dip uh but this has happened many times throughout bitcoin’s bull market happens multiple times 20% dips 30% dips sometimes even 50% dips even though we haven’t seen
That in a while but you never know what happens on the Bitcoin roller coaster what’s going to happen on the Bitcoin roller coaster anyways uh so I do want to talk about this we usually don’t talk about these types of subjects but man I
Saw uh I saw I I usually don’t watch his show either Glenn Greenwald so he was the reporter that broke the news on Edward Snowden uh so he led that uh that that original piece I think that was uh it was originally released by a publication called The Intercept out of
The UK uh but anyways I was watching him yesterday on Rumble and he was talking about this case now what I found fascinating about this is that I didn’t see it anywhere else especially from the Legacy Media right and uh why is it a big deal so the name of the case is
Merthy vers Missouri and uh here’s some fast facts or facts of the case the plaintiffs argue that the and when they tell when they say the plaintiffs it’s specifically I think it’s a couple States um so you know the plaintiffs argue that the defendants use public statements and threats of regulatory
Actions such as reforming section 230 of the communicated Communications decency act to induce social media platforms to suppress content thereby violating the pl plaintiff’s First Amendment rights the states of Missouri and Louisiana also alleged harm due to the infringement of the freedom of free speech rights of their citizens the US
District Court for the Western District of Louisiana granted the plaintiff’s motion for a nationwide preliminary Junction prohibiting the federal government from meeting with social media companies or otherwise seeking to influence their content moderation policies now it just back up here for a sec because literally in the first
Amendment in the United States like literally says Congress shall make no law um you know essentially a bridging speech but like what changed here like it it why is the federal government meeting with social media companies in the first place and getting them basically convincing them what to take
Down and what what to take down and again if you still don’t believe me check out the CNB cnnb article uh the headline is FBI and White House likely coer social media platforms into removing posts appeals court says rules so and I mean like if if you just kind
Of want to break it down for a little bit uh and these are the same people that are trying to convince you to use a cbdc I think that’s kind of you know it’s kind of scary man and then I ran into this clip uh from CNN BC and uh check it
Out uh it’s you know it’s really interesting what’s being said and I I and for audio listeners I I really recommend checking out the video uh episode of this one uh just to take a look at the Anchor’s face uh when he said that that is life nal’s supporters have alleged that
Putin had him killed to thwart an imminent prisoner swap it’s tough to to to watch and you just I mean to listen to it it is but what we were just talking about we like to feel a lot I like to feel vastly superior to the propaganda that
Comes but I don’t feel vastly Superior at this point I know coming up uh thank but I did say thank God thank God for Twitter thank God for x did you hear what he said did you hear like I have to play that again so what we were just talking about we
Like to feel a lot we like to feel vastly superior to the propaganda that comes but I don’t feel vastly Superior at this point I don’t coming up uh thank but I did say thank God thank God for Twitter so you hear what he said that
Was the trippiest [ __ ] ever he said I would like to feel Superior than the propaganda that’s coming out of Russia but at this point I kind of don’t uh and then he caught himself like basically saying like like trying to like stop himself from speaking and then he ended
With thank God for X right which goes back to what I was saying in the beginning of the show which is Elon freed the bird right and I know a lot of bitcoiners feel very strongly about this and I do too I have an Oster account I
Post to it every single day I appreciate you guys sending me SATs it’s freaking awesome but like YouTube we get this question all the time me op like why don’t you post to other platforms we do post to other platforms we post to Twitter and we post to rumble but our
Volume like volume wise uh it’s easiest to grow on YouTube that’s because the vast majority of the users are there so if you’re trying to grow uh a platform a media you know like we are we’re trying to grow a media company a small media
Company uh you have to go to where the users are unfortunately that’s just that’s just how the game is right and uh that’s why what Elon did uh buying Bitcoin you know firing like 80% of the staff then releasing the Twitter files which made it removed any shadow of a doubt that
Twitter went out of its way to censor information censor certain Americans on behalf of the federal government like it it’s it’s absolutely crazy and in the background these people are are convincing you that yeah you could trust us with the Central Bank digital currency and we’re not going to turn
Around and use that against you like forgive me if I’m skeptical of you know their claims and I don’t blame them because the incentive structure is in place if you’re a state and you have a monopoly on violence and you have the power and the influence to manipulate
Speech for certain political end goals like I does it surprise you that they’re not going to use that for their own benefit I think what bitcoiners have come to to the conclusion to is no one should have the power to censor another human being uh that’s why protocols like
Noster and Bitcoin are so important because like yeah like your worst enemy could be using Bitcoin there’s absolutely nothing you could do about it and I believe the world would be a much better place for that so as Bitcoin gains uh picks up in popularity as more people adopt Bitcoin all around the
World and as the separation of money and State accelerates and as the state not only gets desperate as information is being disintermediated but money is being disintermediated just keep in mind what’s at stake and just keep an eye out because you know it these things don’t just happen overnight right the
Censorship stuff the laws they don’t just happen over they’re they’re small little increments uh and because they’re small you get used to it and it becomes your new normal and before you know it you know you’re starting to justify all these crazy things in your head right so
Just be wary and be attentive and kind of understand what’s going on this is this is crazy what’s going on and it’s also extremely exciting and look I I’ve mentioned this book a million times but if you guys want to have a rough idea of
Why all this is happening um take a look at the book The sovereign individual they predicted this thing this they predicted all this like it’s been playing out back in the 9s so anyways I want to get seed signers thoughts on this and then OPI yeah the the one thing that keeps
Coming in mind for me is this whole concept of won’t be evil versus can’t be evil and the way that the conventional social media networks are set up we’re trusting them not to be evil and not to game the algorithms and not to censor content that they don’t agree with or
Think that that is outside of the Overton window and that’s as you alluded why Noster and protocols like it are so important because on Noster there’s it’s it’s much more on the Spectrum towards can’t be evil versus uh won’t be evil and so I I just think it in terms
Of uh Free Speech which you’ve alluded is is is so sacred you know in our political system um we’re losing that and people just need to be tuned in to the platforms that they use and how they may be manipulated because the The Narrative has shifted towards protecting democracy
And we have to protect democracy and the only way to ironically the only way to protect democracy is to impinge on people’s rights to speak their minds freely but what the real narrative in my opinion is going on right now with the protect democracy sort of perspective is
It’s a a specific version of the the Democracy that is really the entrenched political interests in our government and the political class in general um the the the political class kind of has this sort of rule that once you’re in their Club you have to be willing to do
Or say anything to stay in the club and I think that that is so true with our political system I think term limits would fix a ton of this but it it’s it’s really a sad State of Affairs and it’s a hard place to be right now as the kind
Of person who’s a contrarian is naturally suspicious of things because there is so much to be legitimately suspicious of in our world and especially within the the American political system no it’s a it’s a great take I 100% agree with you and uh yeah term limits would definitely you know fix
Some of these problems and I would say like like you know but we really want to move the envelope we really want to make change right uh it is an election year and I just want to remind everybody you know the most important vote you can make is taking Bitcoin into self-
Custody vote with your wallet uh it will be the most effective of course I think regular voting is important um might disagree with that but I also think civil liability can solve a lot of this because look at the recent um demand from I think was the department
Of energy for the miners to disclose information about their operations that’s just a bureaucrat sitting at a desk who decided probably pressured by Elizabeth Warren or other members of Congress decided that oh we this would be a great idea to make this new rule where all the miners have to justify
Their existence and tell us everything about their operations and suddenly the mining Community I think it was the the Texas I don’t know the Texas Bitcoin Council or whoever it was that sprung to action and challenged this immediately in court like suddenly the onus is on on them to protect their
Rights now if you removed the uh civil liability um that bureaucrats don’t have when they come up with with new laws if if the miners could claim some sort of Damages you know for a bureaucrat be behind a desk coming up with a new rule
That suddenly puts them in a in a very um you know precarious position if there was some sort of liability attached to that I think a lot of these people sitting behind desks who have are not elected and who have been working in the federal government for years and years
And years I think they would think twice if maybe their house is suddenly on the line or even their job is sudden no nobody lost their job over that BS like there there need to be consequences and it’s the political class at least has the consequence of not being elected the
Next time around but there are so many bureaucrats that we didn’t vote for who really have no consequences 100% that’s what people call it the Deep state but it’s really the administrative States right up right up in your grill these days anyways OPI uh what’s your take on
All this bro as not a conservative as not a progressive as not a Libertarian but as a bitcoiner well you know I can only really speak for myself Nico but yeah I mean we’re seeing in real time and I’ve been saying this for a while that you know we’re calling it the political
Class the administrative State what have you the powers that be whatever nomenclature you want to use we’re seeing that they are scrambling to control the narratives because they understand that they are losing that narrative and the more they try to attack free speech and and and paint it
In this like idea of like Oh we must protect democracy they are really exposing themselves and we always talk about here on the show that you know Bitcoin is a free speech issue last week when we were talking about a free speech issue someone’s like wait is this a
Bitcoin show why are you guys talking about freedom of speech it goes hand inand and and the question na always says is like if you see them doing what they’re doing for freedom of speech what makes you think that they’re going to let you transact freely and I think at
This point is where we double down on the meme of like free men don’t ask it’s like we don’t need their permission anymore this is very clearly a first am uh First Amendment issue where you have the freedom of speech to say what you want of course if you don’t cross the
Laws and break the laws and on that note you don’t need the permission to transact within their system this is why we’re all bitcoiners this is why we love Bitcoin is because finally we’ve eliminated eliminated those middlemen and Nico did you catch that I I only
Caught a couple Clips but did you catch uh Don Lemon and Elon Musk last night oh we’re going to go down it was horrible well I’m just saying like it’s just very interesting when they try to control the narrative how it backfires on them so quickly is because it’s something I’ve
Been saying for a while on the show for I don’t know months now is that they have lost that control of narrative and they are no longer to manipulate the the you know the popular C culture Consciousness and it’s just funny how how bad they fail publicly about how
They you know they tried to frame things and and put things in certain boxes they try to get Elon like multiple times yeah and he’s like dude I just want freedom of speech like this is so simple so Don Lemon was a host for CNN then he got let
Go uh and now he’s an independent journalist and he sat down with Elon for an interview we’ll play you guys a couple minutes of it I highly suggest watching the whole thing it’s highly entertaining um but it’s basically talking about this subject and essentially there’s two ways of how this
Is being looked at um there’s you know this is free speech Let’s allow people to talk freely right like you know this basically how the founding fathers kind envisions the US and then there’s the political class and their allies in the Legacy Media that uh believe that you
Know they are The Gatekeepers of information they’ve enjoyed that power for a very very long time the like I said the internet kind of disintermediated it for the first couple years of the internet no one really cared but when the vast majority of the communications started happening in the
Internet and they started having uh in like what was happening on the internet what was happening on social media actually started affecting elections uh that’s really when you know the government kind of turned their eye and of course the Legacy Media too right Legacy Media kind of enjoyed this you
Know this ability to kind of just say whatever they wanted um and uh now it’s kind of like you could say that but if I’m getting told something else somewhere else and what I’m getting told is true and what you’re telling me is kind of a lie you kind of start tuning
Out to you know the thing that’s telling you a lie anyways so this was go go ahead no I was just just a quick thought and I don’t know how to attribute this quote but in the absence of Truth the only thing that matters is the power to
Establish the dominant narrative and so that’s why this battle is so important because for the longest time the the the media the traditional media had that power as you noted the internet shifted that and now the government is is clawing for that power to to continue to be able to establish the dominant
Narrative which is control in our society 100% I mean look uh namu K said it when he wrote that article for uh Bitcoin magazine don’t drink the elites Kool-Aid he says their most important weapon is their control on truth right so this is really what’s happening right
Now anyway hey wait before you before you play this uh Seer sparked an idea like Fiat is literally money by decree what does that mean they need to decree the narrative and you guys fall into that narrative for this whole thing to work hence why the corporate press and
The powers that be are in cahoots and trying to control the narrative is because you need to believe them when they tell you that your money is strong yeah 100 and yeah and you see this is a great it’s a great uh it’s a great Point Opti right you see this when they
Gaslight you in terms of the inflation stuff like inflation is coming down your Thanksgiving is cheaper right and again they can get away with that if they had total control of the media they can kind of get away with those lies but now like you have the president of the United
States and you know some congressmen and women on both political aisles both political sides getting Community noted right and you had the the head of the European Central Bank at Community noted on Twitter so I understand anyways uh what we’re talking about this interview is like a great representation of the
Two sides clashing right let’s check it out it’s five minutes long we won’t have time to play the entire thing but we’ll play about a minute or two so don you love censorship is what you’re saying no I don’t love censorship then why why you ask I believe in moderation but I I
Don’t believe in censorship is a moderation is a propaganda word for censorship but don’t you think free speech is one thing right or not you know look if something’s illegal we’re going to take it down if it’s not illegal then we’re putting out thumb on the scale and we’re beinging
Sensors you’re putting your thumb on the scale for moderating hate speech I mean you don’t put out child por pornography that’s not it’s illegal that some people would say that’s considered censorship I’m just saying you no I literally Don you I literally said if if something is
Legal okay we will obviously remove it okay but if it is not legal the laws in this country are put forward by the citizens where democracy if those laws put in place uh by the by the people we adhere to those laws okay laws of others if you go beyond the law
You’re actually going beyond the will of the people okay agreed with the law but if you are doing something that promotes hate and violence and ultimately leads to killing you don’t feel there’s you have any responsibility not to do that when when when the people who are doing
It admitt are saying those articles all the time that lead to to violence and killing um don’t they shouldn’t they like you’re applying a differential standard to and that’s the whole point right that’s the whole point is that they get to control the narrative with the Legacy Media because it’s only a
Handful of kind of Corporations and institutions but they don’t get that same thing and I just want to remind you guys of again the clip with Joe right in acting like literally catching himself and then saying like thank God for X at the end so yeah ladies and gentlemen
This is this isn’t only the separation of money in state you can also make the argument that we’re living through the separation of information and the state as well really really interesting times anyways before we move on to the news I do want to give a shout out to uh our
New merch and by the way we appreciate everyone uh this really really helps with the channel helps us stay independent we just teamed up with a Bitcoin artist called op how do you say it a asoa asoa and uh we came up with all these different variations uh so we have
The peaceful Revolution shirt uh we have an or we have a gold Bitcoin pill shirt uh we have a gold Snapback we have a gold Bitcoin dad hat and we got ladies merch as well so you guys want to help support the show of course you know
Build your Bitcoin stack first uh but it really really helps us so go to Simply bitcoin.com today and uh you can check out the new collection all right ladies and Gentlemen let’s get the news we have a lot to talk about today let’s check it out here we go The Daily
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Up with the envoy app and uh it’s pretty seamless highly highly recommend all right ladies and gentlemen lots to talk about today uh but quick ETF update which will lead me to uh my second Point uh which is it’s interesting OPI I mean I’m going to say like maybe I’m seeing
Things but I feel like sailor is trying to keep up with black rock man they’ve been going back to back like maybe I’m seeing things that are not there but of course little ETF update Black Rock currently holds 237,000 Bitcoin Fidelity with 134,000 and of course micro strategy you
Know it’s right there neck and neck you know they’ve been kind of you know uh been close to each other and of course uh sailor has found the infinite money glitch and that’s what that’s what has allowed him to continue to stack more Bitcoin I’ll explain to you how it works
In a second but this was his announcement earlier on today micro strategy has acquired an additional 9,245 Bitcoin for $623 million using proceeds from convertible notes and excess cash for $67,000 per coin as of March 18 2024 my micro strategy holds uh 214,000 Bitcoin acquired for $
7.53 billion at an average price of 35,1 1660 so Michael sailor is completely in the green he’s riding high right now and now he owns more than 1% uh a little bit more than 1% of the total Bitcoin Supply man so yeah sailor going hard and remember if another
Massive company that’s another massive public company wanted to follow the Sailor footsteps they could but they’re going to have to pay a lot more for that Bitcoin I know about you guys but I’m not selling my Bitcoin to anyone right what are you going to sell it for for
Dollars like that’s a that’s a trash trade right that’s like shortterm thinking you got to think long-term uh there’s nothing to sell your Bitcoin to like you sell stuff for Bitcoin and you stay in Bitcoin right of course you got to pay for your Necessities if you need
A house if you need food all that stuff right you want to live your life but you know Bitcoin is savings you want to you know keep your wealth in Bitcoin and that leads me to my final point which is only about I think it’s like roughly two
Million or a little bit less than two million Bitcoin are actively being traded on exchanges right the vast majority of Bitcoin is in Cold Storage it has not moved right so even if another big player wanted to follow micro strategy’s footsteps there really there literally isn’t enough Bitcoin to
Go around not to mention the having is right around the corner and that’s going to inevitably lead to a supply shock right so you know the demand let’s say the demand stays the same I would say the demand is increasing by the day but let’s say the demand stayed the same the
Natural sell pressure would be coming from the miners that would be having to sell a little bit of their positions in order to cover their expenses right but that is naturally going to be cut in half during the having so that sell pressure is going to get cut in half and
What that what does that cause that causes you know the boom right so I think that’s what we’re all waiting for but this having is a little bit different and the reason it’s a little bit different is because never in bitcoin’s history has Bitcoin reached all-time highs before the having so
We’re in a little bit of Uncharted Territory and that kind of go that goes back to this previous cycle as well so never has Bitcoin reached all-time highs before the having and never has Bitcoin dipped before the all-time highs uh in the last uh in the last bottom right so
It’s never that’s really the I completely explained that wrong but uh yeah uh how do I explain this never dip below previous all-time highs of the last cycle yeah yeah okay a lot of words um so yeah uh Uncharted Territory uh shout out to the Chad sailor 1% of the
Total Bitcoin Supply I feel like that was a personal goal for him is he going to go for that 2% is he going to be able to get that 2% I don’t know man I don’t know uh but anything could happen in Bitcoin World anyways seed signer what
Are your thoughts on all this man so I am am most curious right now about gbtc and I don’t know all the details the the Genesis bankruptcy and some of the force selling that may be occurring because I think that’s the biggest drag in the market right now um I have to assume
That some of the uh shares in gbtc that are um being sold off are being purchased and maybe the black rock or some of the other uh ETFs you know because they have lower fees but I I don’t know if it was back in 2015 2016
There was this uh meme of the bear whale who just had this instant this huge cell wall on I forget which exchange it was but that was like this big drag in the market for a much shorter period of time and gbtc has so much uh so much uh
Bitcoin within their fund it’s still significant sell pressure I think they still have about 10 billion dollar worth of bitcoin more than Black Rock does and their ETF product and I I’m just eager to see because you were talking about cell pressure associated with Miners and that they’re naturally for sellers uh
Right now there’s so much sell pressure seemingly coming from gbtc that I’m curious to see how long that goes on and how low that can go yeah no and that’s a really good point you know there’s there’s only sell pressure until they run out of Bitcoin right to sell so and
You know it’s awesome it’s we we know it and uh kind kind of add to your point I do want to share the screen a little bit um because that’s exact what we’re seeing optic please thank you sir um here’s a gray scale and there’s like a
Little line oh it doesn’t show here yeah it does so you know as you know seed siner was just explaining it just fell off a cliff man their position and mind you this is tens of thousands of Bitcoin right that they’re just dumping right now of course you can make the argument
That grayscale sorry that black rock and Fidelity are you know buying it up but that’s a tremendous amount of sell pressure regardless so anyways interesting shout out to sailor I guess I mean I I see a lot of bitcoiners that were upset um I’m I don’t know about you
Guys but I’m a I’m a free market Maxi bro so you know I think sailor could do what he wants to do and uh and yeah anyways opt what’s your take on this bro is Sailor buying all the Bitcoin dude he’s buying all the Bitcoin uh well you
Know sailor knows what we know man this is a game of Hungry Hippo the name of the game is accumulation what did he just say on that interview the other day where he was like we called them poor he’s all like uh you got you got to sell
It for Fiat eventually and like me say it another way we call those people poor yeah but the other thing he was kind of channeling his inner Kaiser there where he was like um like he who has the most Bitcoin win and like it’s amazing that
Wall Street hasn’t woken up to this idea that the only money and the only thing you should be accumulating at this point is Bitcoin everything else is a fugazi it’s all fake it’s all manipulated it’s literally all paper gains and the only people that are really playing the game
As I would say in the smart way is bitcoiners that we’re playing Hungry Hippo it’s like we want to accumulate as much Bitcoin as possible and then to seeder point you know a lot of people in the chat keep keep saying that like oh man like they’re manipulating the price
Of Bitcoin so much and like w I’m not opposed to that idea that the Bitcoin price is being manipulated I say it all the time exactly you know we all know the the billionaire Playbook here you fund Bitcoin you try to get the price low so you can accum as much Bitcoin as
Possible and then finally when your bags are packed knows that cuz he dated Chrissy yes exactly once your bags are packed then you endorse Bitcoin and the price starts to run so I’m not a I’m not opposed to that idea we know this is happening we know it will happen until
It no longer is capable of happening but the grayscale Bitcoin and and the I don’t know the merry gound that we’re seeing from outflows of of grayscale into the inflows of all these other ETFs is really interesting because they have so much Bitcoin that that’s most likely
Why the price isn’t moving up as much as we’d like to even though you know all your models are broken and then back to sailor I mean destroyed yeah uh back to sailor you know we’re saying he just got to 1% of the total Bitcoin Supply but
Let’s be honest it’s already more than 1% considering there’s so many lost Bitcoin out there so I I don’t think anyone else is going to be able to touch sailor uh company portfolio or balance sheet and you know black rock is is hoovering up so much Bitcoin Fidelity
They’re taking so much Bitcoin off the market it’s just going to be absolutely amazing once they’re no longer able to keep the price down and and how far this is going to actually run and like I said yesterday I shout out to Brian deit for quoting me you know boom boomers are
Loving Bitcoin wall Street’s loving Bitcoin right now they want as much Bitcoin as possible man it’s crazy yeah man this is this is this is pretty crazy stuff anyway anyways guys buckle up take your Bitcoin into self- custody the bull market is just getting started it is
Going to blow your mind these next two years or so it’s going to be absolutely Bonkers all right ladies and Gentlemen let’s get to the culture to talk about seed siner we have a lot to talk about today let’s check it out here we go the daily Culture all right ladies and gentlemen I do want to give a shout out to our sponsor K Rex they’re the most trusted place to buy sell and host mining equipment this is where I personally buy my Bitcoin mining as6 check out the racks today by scanning the QR code on
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Well well well seed signer rolls off the tongue pretty good all right all right all right so we got our boy seed siner here today the creator of seed siner um I have your website here we can kind of go through the website a little bit show
What you guys are building but I really wanted start with what we were talking about before we even started the show of where does seed signer fit into the hardware space I know you guys are kind of like battling for your position out there there’s a lot of people that’s
Saying oh why would you need a seed signer and I think it’s it’s one of the cooler projects out there so maybe tldr what seed signer is and then transition into like what you think this the place for seed signer is in the hardware markets so seed CER is a Bitcoin Cold
Storage tool we call it a signing device because it doesn’t it’s not engineered to persistently store your private key that that’s the user’s responsibility with our model um but it’s a sign a device a cold storage tool that you can build from off-the-shelf U generic computer parts
That can be bought from a variety of sources so there’s no sort of indications that you’re specifically buying or building a Bitcoin tool it’s something you can build and use in the Privacy your own home and the way I kind of think about it in
Some ways is seed signer is a little bit of a victim of our own success because it’s a DIY storage tool um a lot of people have heard of seed CER but they don’t really understand what it does or how it works or what would be the value
In having one but the reason people continue to talk about it is because it’s it’s so darn good like our our contributors our volunteers software developers and all the other people that that help with the project have all collaborated to build this amazing tool that for a lot of people once they get
The experience of using one not say they never use another harder wallet again but they understand the value that um it has and the usefulness that it it provides for people with cold storage so that’s kind of my main goal right now is helping to convey the value proposition of this um
Do-it-yourself storage tool because with with Bitcoin we have what do we have trustless permissionless open- Source money and it’s a little bit of a cognitive disconnect for people that if you want to use this trustless um Freedom oriented open source money you have to buy a proprietary Hardware tool from a company
That makes Bitcoin things and there’s a lot of trust that people tend to give give up during the the process of acquiring and using that tool and so seat Center may not be for everybody but for people who are willing to um learn a few things and put in a little extra
Effort it’s a tool that you can use that um it is a bit more trustless I would say in terms of um doing that that cold storage thing and it’s also a a cool a great tool in the context of uh multisig Cold Storage that’s that’s been our kind
Of bread and butter from the beginning of the project and in a mix of other hard wallets with a seed signer that’s also a great way but um another powerful way to think about it for me is that seed signer is a gateway drug to bitcoin
Multisig Cold Storage if if you’re in a single Sig setup and you’re curious about multi- and whether or not you can be comfortable with it and uh comfortable over time using a multisig wallet for your long-term Bitcoin storage SEED Center is the place to get started because it it takes the marginal
Cost of getting into a two of three or a three of five multi- setup way down because you don’t have to buy those multiple Hardware devices to even just set up a multi to figure out if it if it’s going to work for your situation because our devices engineered not to
Persistently store private Keys you can use that one cold storage device to set up multiple wallets or to set up multiple Co cosigners within a multisig wallet setup so it um it it yeah that’s what I like to say it’s the gateway drug to Cold Storage with
Multi look and uh one of the things also uh that I got to say man is that that we are kind of entering this era where I think the next step for States and I love that we talked about speech in the beginning of the show um you know just
How they’re trying to censor speech I think that the loow hanging fruit is for them to demonize self- custody and then and they’re I I bet you they hope they can just make self- custody illegal outright um then there’s there’s a few ways they can approach that a lot of
People think about it in terms of an outright deban uh sorry ban on cold storage devices um but you know could there be some sort of information gathering process that is required by the harder wallet companies when you purchase a wallet maybe uh when you’re at home setting it up there’s some sort
Of uh personally identifiable information that you have to provide as you’re setting up the harder wallet or there’s a version of it you know to take self- cussan portions of the EU I’m not totally um down on the regulations but in some countries you have to provide
Proof of ownership of a private key to be able to withdraw funds from the exchange and what this is is an attestation that you’re not withdrawing to someone else’s custody that that if you’re taking personal custody of an asset um you have control over that
Asset as as opposed to you know using it to be able to move funds to somebody else in some other part of the world so there’s there’s a few different ways that restrictions on Cold Storage can manifest themselves but the outright harder wallet is one of those ways and
It’s something that we see either explicitly or implicitly in different parts of the world I I regularly talk with people from parts of the Middle East parts of Asia where it’s already hard to find a Bitcoin harder wallet and the primary way that they can get their
Hands on one of those tools is through a black market source and who wants to purchase you know a security critical uh tool for your personal savings from you know a kind of sketch uh source so um I I think I veered off of uh not at all dud Trail on the
Commentary there but there there are a lot of ways that this banon self- custody could manifest itself yeah and I’m really glad that you brought that up because you know that kind of recordkeeping or you know like they’re not doing this now but you know imagine going through an airport imagine you
Know you ordering a certain type of Hardware wallet through the mail um again it’s not happening now but you know you kind of maybe in the future whatever so if you if you currently have a hardware wallet okay you’re good but let’s say you want to order a new one
And then because you’re ordering a new one you’re put on a list or something like that you know that’s where the kind of the seed signer comes into play where you can just buy these parts on Amazon and uh just like build it and uh you
Know uh the the the the the device is stateless so it doesn’t have any memory it doesn’t store your seed when you shut it down right um yeah and we could say this isn’t happening in the United States right now but I so I as a little
Side hustle SEED Center is a DIY project the best way to get one is to build it yourself but if you’re willing to trade off a little bit of trust I build them and sell them to people directly and there’s like I said some tradeoffs involved with that but I have um been
Asked to ship seed signers to China before and the explicit instructions I get I’ve gotten multiple times from people that I’ve worked with are do not write anything about seed cider or especially Bitcoin anywhere on customs declaration that has to be filled out for me to get you know a package out of
The country and even on the inside of the package don’t write anything about seed signer don’t put a sticker or any of the graphics in there and especially don’t write anything about Bitcoin inside of there because packages are being opened in certain parts of the world and for us in the United States
We’re very blessed that we can just log on to a website or walk into a store and acquire one of these tools but it it’s it’s not the case for people in very specific parts of the world at this time but it is a real phenomenon yeah it’s
It’s really interesting man and uh you know your your project is open source right anyone could contribute to it um and uh walk us a little bit about the building process like how technical do you need to be to build one of these it’s understandably something that’s a
Little intimidating for some people but it’s it’s really just three primary components that you need to acquire to build a seed signer the heart and soul of the device is uh a Raspberry Pi single board computer we kind of use Raspberry Pi because they’re the most ubiquitous highly available single board
Computer platform in the world and they have various form factors but the one that we prefer is the Raspberry Pi zero which is a smaller version that’s more easily handheld there’s a very specific version of that Raspberry Pi zero that comes from the factory without Wi-Fi without Bluetooth or other Wireless
Functionality and that’s an important part of the uh the value proposition SEED Center but so there’s this Raspberry Pi zero as you can see below it um in the image there there’s a screen and buttons that we add to the top of it and then there there’s a
Camera and what the camera and the screen do is basically it facilitates allowing the device to communicate with the outside world but only being able to do so in a very controlled way um so you essentially buy your Raspberry Pi you can see their gpio pins which are those
Metal pins that stick up out outside of the Raspberry Pi uh you put the screen with the controls um looks like a little video game system on top of that you just settle it down onto the pins you attach the camera via a ribbon cable and
Then you need a memory card with some software on it you can either build yourself or download from our GitHub repo and that’s it you have a seed signer now we have some uh 3D printed enclosures the designs for those are all open source so if you have access to a
3D printer or there’s someone in your your local local community who can print things it’s really easy to print those um but that those are the basic ingredients that make up a seed Center so anybody who can get access to these these parts uh has the ability thanks
For showing that one up there um anybody who’s access these parts can can build one and have uh a sec it’s not that people don’t have access to saving with Bitcoin it’s being able to do it in a more secure way um we can all have a hot
Wallet on our phone that we may use and you could even delete it from your phone and then you know recreate that that wallet when you want to when you want to spend Bitcoin but the whole point is with cold storage the private Keys never touch a computer that has a connection
To the internet and that’s what a seed Center is is it’s this you know very small um handheld computer that has no way of talking with the outside world that involves Wi-Fi or Bluetooth connection or any sort of other wireless connection like that and it’s very secure environment where you can create
Private Keys you can create the public version of private keys that you then need to set up uh a wallet to be able to receive and send Bitcoin and then of course what would be the point of it if if you couldn’t create transactions sign transactions and spend the Bitcoin so
It’s it’s a a very secure way to kind of do those three things that all involve interacting with your private Keys beautiful beautiful love it I got one question uh see terer you we’ve been talking about product Market fit here so like right op what’ I say you said seed
Signer what I say anyway anyways you’re oh okay you’re distracting me okay so who who in your opinion is the ideal user of a seed signer uh I think the profile for the ideal user receed C is a little bit broader than most people would sort of intuitively
Think um it seems like a high bar to be able to build one of these devices yourself or a lot of people um don’t buy the device pre-assembled buy a kit and the kit comes with instructions whether you buy it from you know I have an online store but there are other people
In Europe and South America that sell these too uh parts of Africa buy the kit look at the components make sure they match up with what you you see online so that there’s nothing strange going on and the most important part is download the software yourself but this this
Process of snapping together a few electronic components downloading some software and putting on a memory card it’s something you know with one of Ben Sessions tutorials or some of the other people that do tutorials it’s something that’s well within the reach of most people and once you have the device and
You use it it’s going to teach you more about using Bitcoin at its lowest levels um your question kind of reminds me of uh a tweet that I saw just earlier today where somebody was saying I’ve never lost any Bitcoin I’ve never lost utxo I have a hardware wallet but every time I
Plug it in and I enter my PIN code I have this sort of anxiety that I experience about what if you know the the hard wall it’s bricked or what if um for whatever reason I can’t access my Bitcoin or it doesn’t seem to be sinking with my
Wallet what seed signer teaches you is the process of starting with a private key which is everything that your personal wallet is derived from is that private key starting with that private key setting up a wallet from scratch and then being able to use that private key to authorize transactions uh with your
Wallet CER in a very intuitive way we have uh amazing contributors that with this tiny little 240 pixel by 240 pixel screen have packed in so much richness of information and workflows that they take working with these fundamental building blocks of Bitcoin private Keys public Keys partially signed
Transactions it takes working with those basic building building blocks and makes it uh a surprisingly intuitive experience for people so all I can do is kind of try to nudge people in the right direction and make it as easy as possible for them to get one of our
Devices into their hands but once they do um I have people that tell me to to get back to your original question you know bitcoiners who have wives or husbands that are less technical than them and they’ll put a seed signer in their hands and uh introduce them to the
Process of setting up and using a wallet creat with a seed Sider and they will tell me that they succeed with seed cider where uh it seems like other devices are less intuitive and and more difficult for their spouse or people they care about for them to understand
Because we we don’t try to obscure all of the complexity away we try to take the these Concepts and put them together in a workflow that make sense even to people that are less technical love it love it okay one last question uh for me
Well actually I got a few but I know we’re running late on time but I see you’re wearing the Bitcoin and kazy shirt so is there any uh cool projects that seed signer has been a part of like I don’t know give give the people some
Hope and all the stuff you guys been working on I know you guys have been sending them out everywhere and seeing cool projects pop up using the seed signer and I I can’t keep tabs of everything but you guys are doing some cool stuff do you mean the seed signer
Or the Bitcoin acasi shirt well just like who’s using the oh oh n n um so first like a shout out to Herman I I’ve had the pleasure of meeting him once or twice and he is uh an amazing bitcoiner doing you know such exciting things in South Africa where he I
Believe he’s located in South Africa I haven’t been fortunate to visit um them out there yet but um what we try to do with seed siner is not gift these devices to people it’s in line Phil inad of giving a fish teach fish so there’s an example of this is um there’s
A guy called Ronnie avado who is an awesome bitcoiner in El Salvador and he’s done some work with uh me Premier Bitcoin I got to meet him at the 2022 adopting Bitcoin conference in El Salvador and great guy and his latest project is he is opening what is called
The Bitcoin Hardware uh the Bitcoin hardware store I believe I’m getting that right in elante so it’s a brick and mortar storefront in elante where you can acquire you know all sorts of different kind of things Hardware devices that are Bitcoin related he has you know Hardware wallets from different
Wallet companies and as far as I know he has other other tools there too but anyhow he got in touch with me because like I said I have this side hustle where I try to put seed signers uh in people’s hands with as little friction as possible and and guide them into how
To use the device and how to um how show them how it can add value to their Bitcoin Cold Storage posture and he was uh soliciting people to basically Place their products in his store and I um I wasn’t sure he would be open to
It but I pitched him on what if instead of just sending you Hardware that you can turn around and sell to people in your store what if I show you where you can buy the basic components to build seed signers you know make sure you have
Access to the 3D pable model and if you have questions or whatever like be in touch with me but what if I teach you how to build seed sers instead of you taking a cut of something that I’m selling you what if you build them yourself and whatever profit margin you
Have you keep that to you know keep growing your store and obviously you have to live your life and have living expenses so that’s one example of how I am trying to create these Cottage scale industry opportunities for people in different parts of the world where um
It’s not just me sending out Hardware it’s people you know introducing seed siner to their local community and and just organically finding you know a way that it fits with the bitcoiners in the area and maybe it fits better in some areas and maybe it doesn’t the beauty
Part about me is like I keep saying I have this little side Hustle but SEED Center is just an open source software project we don’t have suppliers we don’t have advertising contracts we don’t have employees we don’t have sponsorships seed signer lives or dies based on bitcoiners building it finding it useful
And then you know hopefully if they’re incentivized to do so sharing it with other bitcoiners by telling them about their experience or how to build one or you know trying to put seed oners in other people’s hands and so um I’m not in a position to try to you
Know if the project goes away I still have my stack I’m still a bitcoiner I still have my family I I’ll be just fine so this project lives and dies on its own merits and so far you know we’re just slowly growing organically in the in the Bitcoin ecosystem it’s if you’ve
Heard of a seed signer that’s a testament to other people having a posit positive experience with it and kind of want to wanting to share it with bitcoiners at their local Meetup or bitcoiners at conferences or bitcoiners in their circular economy different parts of the world um and that’s that’s
That sort of organic growth that is you know slowly continues that’s something that myself and all of our great contributors are are really proud of because we feel like we’re trying to approach and grow this thing in the spirit of Bitcoin and in the spirit of Open Source itself oh yeah love it
Awesome dude all right ladies wait wait can I ask one more quick question on air um I I remember like a year ago it was it was getting hard to uh maybe it was two years ago now I forget the time you know Bitcoin time and to BL uh it was
Getting hard to get the pi the Raspberry Pi zeros and they were getting more expensive has that been worked out what’s going on with the Raspberry Pi zeros so Raspberry Pi would just briefly to give the backstory of them they apparently switch suppliers at the exact wrong time during the covid crisis and
And some of the supply chain knock on effects of that um so it’s taken them a little bit of time to recover but as of the last I would say 9 to 12 months uh it’s it’s easy to get a Raspberry Pi again there people buying them from El
Salvador buying them from Africa you know and finding them through local dealers so so there’s one website I will throw out called rocor docomo and it’s a quick and easy way to find a Raspberry Pi a love it love it okay last one sorry Nico I know you’re
Trying to wrap this up but what do you guys have on the road map for seed siner what what can the people look out for I don’t want to say we’ve plateaued but our our feature set is really strong right now and the amount of Polish in
The UI is really good so seed hun is not by any means a completed tool but we’re comprised of developers and fast contributors are kind of scratching their own itch and we tend to move forward in these sort of development productivity spurts where generally like several of our contributors will start
To have itches that they want to scratch and refinements that they want to make to the platform so we had a big release last fall that was sort of a feature uh again I won’t say Plateau but it we achieved a point with our features that a lot of our contributors are really
Happy with and so we are at this point uh probably moving into Quarter Two of 2024 moving into one of those stages where I see some of our contributors particular particularly Keith mcai who is on uh a six-month Grant from the human rights Foundation shout out to them huge appreciation for that but
Keith is scratching some itches uh and building some optimizations into our software there’s also recently been a push to add um multiple languages to the UI which adds a layer of complexity but I think there’s definitely a a cost benefit with that in terms of getting
People seed signers that they can use in their own native language so we’re kind of in this this ramping up period in our development Cycles so I I just encourage people to keep an eye on you know the website keep an eye on my Twitter
Profile as well as that of some of our contributors and just just it’s a great tool where it stands and we’re increment Mally making it better so just keep an eye out for what we’re working on next oh yeah well man I appreciate you coming on the show guys check out seed sign.com
For more info if you guys enjoyed the show you know what to do smash the like button really really helps with the outgo so if you’re watching us on YouTube Rumble orx formerly known as Twitter uh just smash the like button really really helps us I’m your host
Nico this my legendary co-host Optimus fields and our guest today is seed siner you can go follow him on Twitter for more information @ seeder anyways man really really appreciate you joining us on the show today thanks guys appreciate the time all right ladies and gentlemen that
Was a show I hope everyone had a good time today uh the week uh we’re almost halfway through the week man so things are flying by in Bitcoin time uh we did have a little bit of a dip today 63,000 that creates a great opportunity uh to stack that dip we’re already recovered
At 65,500 uh but you know what we advocate for on simply Bitcoin just DCA stay humble stack SATs stay solvent and uh that’s how you win in Bitcoin anyways love you all we’ll see you guys tomorrow for a brand new episode of Simply Bitcoin live episode was brought to you by
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