Weekend Recap Ep. 274

Episode Transcript

(00:00):
Thank you.

(00:30):
All right. Good morning, everybody. Welcome in.
Thank you for joining us. Always great to have you, especially on a Monday when everybody is just probably recovering from green candles blasting through their faces this morning.

(00:51):
It is Bitcoin Veteran Spaces number 274, where we talk about Pubby's fantasy football team.
Just kidding. No, we talk about Bitcoin.
My name is Bob Van Kirk. I'll be your host this morning.
And I'm joined, looks like, by Texas Toast as our co-host again.
Thank you for being here.

(01:12):
Got Pubby BFP, I think producer Eric's up here.
And yeah, let's take a look at the time chain today.
It is Monday, September 29th, 2025.
We are at Bitcoin block height number 916,925 with the Bitcoin price hovering just above $113,000,

(01:33):
which means you can still pick up 882 sets for each U.S. cookbook.
All right, a couple of announcements if you guys would like to come up.
I know we've got a lot of great listeners in here all the time,
But if you'd like to come up and share some wisdom or yell at us, don't spam the nest.

(01:54):
Hit that mic in the bottom left and we will get you up here.
Always love to hear new voices.
If you can't come up but you'd like to leave a comment or a question in that little purple pill in the bottom right, just click on that.
And we will try to get to those during the show.
Let's see.
Also, Bitcoin Veterans, we're having our second summit in Nashville, Tennessee, November 10th and 11th.

(02:22):
Would love to have you there joining us, even if it's only just for one day.
But, yeah, guys, check that out, bitcoinveterans.org forward slash summit 2025.
Would love to meet you in person.
And, yeah, it should be a great time.
So, tickets on sale now, bitcoinveterans.org forward slash summit 2025.

(02:44):
And maybe one last piece of news before we hop into it.
Jim Cramer has announced this morning that everyone should buy crypto on live TV,
which means we're going to zero, guys.
And, yeah, just curious how everybody's doing this morning.
So we will go around the horn, and, yeah, let me know if you think that, Jimmy,

(03:10):
we should do the inverse of what he says.
That's been the common wisdom.
Texas Toach, thanks for joining. Hope your weekend was great. And how are you doing this morning?
It was a wonderful weekend. It's finally starting to cool off a little bit.
Got to the fair. It's been a, yeah, it's been a great weekend.

(03:31):
And definitely we should always go inverse Jim Cramer, which means if he's telling us to buy crypto,
Bitcoin is not a part of that. So we should just buy Bitcoin.
So that's exactly right. He's a retard talking to retards. They're going to buy retarded things. XRP is going to pump. It doesn't matter because they're all going to zero against Bitcoin.

(04:00):
You got it. And producer Eric, good morning.
Good morning, Bob.
Thanks for the lively music this morning
And yeah, looking forward to this week
It should be an interesting week for sure
But always thankful to have you out there
And playing all kinds of sweet treats for us

(04:24):
My pleasure, I enjoy it
Very good, Neil, thanks for joining
How are you feeling, Neil?
Are you on the mend?
Or what's going on with you?
I think we lost Neil's mic just as he was about to talk.
We'll go back to him.
Pubby, good morning.

(04:46):
Maybe Neil drop and come back.
Hey, good morning.
Neil, we got you there.
You can go, man, if you've got a clear connection.
All right, he's out.
Hey, yeah, again, man, I like the Kung Fu fighting.
70s music, that's my jam.
I'll send you guys some suggestions moving forward.
But yeah, we can say weekend recap, big football weekend, as you know.

(05:10):
I do like full crab market confirmed.
You go into Bitcoin spaces, you don't even hear the word Bitcoin anymore.
It's just full of relationship drama.
That's the way we like it here in Bitcoin Twitter.
So yeah, keep it coming.
Let Bitcoin do what it does.
A nice little bounce today, as always.
But good morning, everyone.

(05:30):
Yeah, good stuff.
And BFP, thanks for joining again.
How's it going?
Good morning, Bob.
I just want to say to Texas Toast, Kramer is not a retard.
He's actually really, really smart.
And when you're overly smart, you're full of yourself and you don't think straight.

(05:53):
That's why so many people miss Bitcoin.
You got to just be a kind of a savvy, normal Joe and you got to actually do the work.
But crypto is not Bitcoin.
100 i think we have neil back let's do a comms check here neil all right mike check you got me

(06:13):
you're good man go for it uh yeah i'm feeling a little bit better but i passed the hot potato
back to my wife so we're just kind of uh i don't know the household's uh in a mess but we're hanging
in there winter is coming uh we're gonna get weighed up here see how he's doing and then we
We'll hop into the topics again, guys, if you would like to jump up, chime in on any of the topics or bring up your own, would love to have you.

(06:42):
And if you're not following BV or the Bitcoin Veterans Handle or me or anybody up here, less likely you're going to get up.
So you might have to have somebody vouch for you.
But we do like to invite new people up.
So check that out.
If you want, hit that microphone button.
And with that, Wade, how was your weekend, sir? How are you doing today?

(07:04):
Morning, guys. Interesting price action going on here.
Just sitting downstairs, cleaning some guns, listening to you all.
There you go. Perfect. Getting ready for range day at the Bitcoin Veterans Second Summit.
I wish I could make it out. We had range day earlier this month.
So just doing the all, you know, handling the required, you know, cleaning duties here.

(07:30):
nice so hey speaking of I just left my mic open there
are you guys getting an echo at all or is it good when my mic's open
and somebody else is talking like Wade all good
perfect you know it's better if you take the loop back
feature off on your soundboard then you won't have that

(07:52):
so we're learning new things here and
And it is a great month, guys, and lots of stuff going on, but maybe not so much either.
It just depends on what you're looking at, right?
And Pubby did mention that you go into spaces, and a lot of what we're hearing has nothing to do with Bitcoin.

(08:14):
And so that's why we're going to talk about the Tampa Bay Buccaneers today.
Just kidding.
Okay, so Pubby, is that your team, by the way?
no it's not okay anyway uh that did not land thanks for playing um i guess we'll uh phone a
friend okay so uh big news not really but strategy buys another 196 bitcoin over the weekend so has

(08:42):
paper bitcoin summer ended or are we still going to see these treasury companies i think maybe one
of the most notable things about this guys by the way is they are sitting at 3.05 percent of the
eventual total supply of bitcoin and uh just keep gobbling it up but wanted to go around and get your

(09:06):
thoughts on this uh have have we hit the bottom on these uh bitcoin treasury companies are we at
the top uh what do you guys think what's going on uh with with all of this and welcome mike by the
way thanks for coming up sir yeah i think we're at like the initial um bottom you know that it's

(09:28):
like inevitable with microstrategy and all these treasury companies that if they can just hold on
long enough bitcoin's gonna float their boat um and so i think we saw a couple you know similar
got acquired. Some other ones were, I don't know, I don't even pay attention too close, but

(09:51):
it seems like the ones that were initially being crazy got wrecked. Yeah, NACA, they got wrecked,
but even they're even holding on. So it's like, if you just hold on, it's like with Bitcoin,
if you can just hold on long enough, you're probably going to be good. And now we're just

(10:11):
kind of waiting to see the top, the real like once once Bitcoin is actually pumping while these,
you know, all these other companies that are holding it or leveraging on it, you know,
they're going to get way out over their skis at the top side, too.
And we'll just see them get wrecked again and acquired again.

(10:33):
And that'll be the story for a long time, probably for like the next five years.
it'll be you know they make a lot of money they lose a lot of money bitcoin changes hands from
weaker hands to stronger hands and that's just the story of bitcoin so to me it's all bullish
we're good to go you can have some in self-custody and not have to worry about any of this stuff

(11:00):
sailor smashed the common stock again i think it was 90 percent of the buy was common stock
issue. And so I don't think he really cares about the short term.
Yeah. And I think that it's, it's, you can look at it a lot of different ways. I mean,
that's resolve, right? I think there's a lot of people out there on X and other places who

(11:21):
probably bought, you know, that short term top 500 a few months ago. And if you're in this,
they have a strategy and they're going to follow it and you either like it or
you don't. So I do think that's, I guess I'm not all that surprised.

(11:43):
Do we want to keep on this topic? Who else has some thoughts here?
Neil, go ahead.
Yeah. I would have said, you know, you're here long enough.
You know,
the ones that have gotten everyone through these last couple of happens are the
ones that just tell everyone, despite Bitcoin and self custody,
You're going to, and this is what we've seen, every financial product you see out there, this modern financial world, they're going to try to throw it at Bitcoin.

(12:07):
This is what you see.
The ultimate rug pull is self-custody.
And when that finally comes to fruition, people wise up, institutions wise up and actually have the goddamn Bitcoin they say they do.
That is the rug pull that will bring it all crashing down.
And you'll see what the true value of Bitcoin is.
Yeah, good stuff.

(12:27):
Neil, go ahead.
Yeah, I just my thoughts on like all Bitcoin treasury companies and all that kind of taking a step back.
And, you know, you talk about playing the long game and it's like, well, the long game for every every company, no matter what their, you know, a treasury asset is, is like you have to actually build stuff.

(12:48):
You actually have to, you know, do something in the world for your business.
And, you know, the companies that are starting to stack Bitcoin, it's like they're going to have a lot of power.
But eventually, you know, they're going to have to do something with that.
And that to me is a much more interesting question.
You know, the world that we're going to build with the Bitcoin, you know, like that's to me, like that's so cool.

(13:15):
And I don't know if but if I a company that's just stacking Bitcoin to stack and that they're not thinking about what they're actually going to do with it when it, you know, when it does actually when they have all that monetary power, you know, then they're probably going to misuse it.
And, you know, I don't know, it's going to the Bitcoin is going to make its way into the hands of the people that are best suited to use it and, you know, know what it is, appreciate it and know how to harness it.

(13:45):
Like, I like to think of it like I mean, that's what we're all doing for our families, for businesses, whatever.
Like we're harnessing this economic power.
And it's really like, where are we going to direct it?
What are we going to do with it?
Like that's going to that's going to build the world that we're going to hand off to our kids.
And I don't know. That's just so when we say, you know, thinking long term, it's like, well, what does that actually mean?

(14:09):
You know, so. Yeah, and I do like that idea, but it does make you think, too.
Like, I think a lot of people's complaints about the ETFs and these treasury companies is, you know, give people give the normal guy a chance.
But can we make them see it fast enough?

(14:29):
Do you want to go to BFP?
And then, Sam, thanks for coming up as well.
Go ahead, BFP.
Yeah, I think we're in like the third to fifth inning as far as Bitcoin treasuries.
And I think you'll see a very clear signal on the top.
And it'll be what's called the short squeeze in MSTR.

(14:49):
You haven't seen any short squeeze like there's going to be in MSTR.
It's going to be the most disturbing short squeeze.
And who knows if it gets nationalized or what happens,
but it's when you have those rip your face off rallies in Bitcoin
that people just don't understand.
And then everyone's talking about like, what's going on with Bitcoin?

(15:11):
Why is it going up so much?
It's not going up.
It's the dollar being debased at an alarming rate.
You seeing it through the wrong lens That it

(15:51):
And the analogy that I make is, sorry, my two-year-old's pretending he's riding a motorbike in the background.
The analogy that I draw is I'm in Europe in the 1400s and a guy comes along and says,
hey, I think there's a new world out there.
There could be bountiful fruits to be reaped over there.

(16:13):
Anyone want to come on board?
And I say, yeah.
And everybody's on the ship and everything's great.
And then the next thing we hit a storm and we're over the edge.
We're seasick.
We're running out of provisions, but the captain knows where he's going and there's going to be bounty at the end of it.
That's how I view MSTR.
It's a long-term play.

(16:33):
I've got it in my IRA.
I don't really care what the short-term action is.
On Bitcoin, I had people DM me over the weekend telling me that I was an effing idiot.
I posted on Friday that I was taking a check to the bank.
to buy Bitcoin at 108,250.
I'm feeling pretty good this morning.

(16:54):
Third point I want to make, and I'll wrap up with that,
is I just got back from a week, or sorry, a month,
visiting my mother in Ireland.
Hey, Sam, Sam.
Sorry, guys.
I just got back from visiting my mother in Ireland for a month,
and I just want to say, you know, glad to be back in the U.S.

(17:14):
and appreciate what we have here,
some of the crap that's going on in Europe, you wouldn't believe.
And I appreciate what we have here in the U.S., personal freedom,
people who care about freedom.
So that's it.
That's all I've got to say.
Thanks.
Yeah, Sam, if you don't mind, would you mind giving evidence?

(17:36):
Or not, I don't mean evidence, but just like give us some sort of,
like when you say freedom, what nonsense is going on over there
that you particularly noticed being over there for a month?
So I'm pretty sure if I come into this space and said to you guys,
Bitcoin's trash, it's crap, you guys are all crazy,

(18:00):
you would disagree with me and you would tell me to sling my hook.
But I'm not ostracized for saying something that goes against the common narrative.
In Europe, there's one narrative and that's it.
And if you're not towing the line with that common narrative, and that narrative comes from the European Union,

(18:22):
if you're not towing that line, you're cast out from society.
Your prospects of finding a job, your prospects of integration with society.
I'll give a few small examples.
If I want to go back, I was raised on a farm in Ireland.
I've got a plot of land there.
If I wanted to go back there and build a house, I can't put a chimney in my house.

(18:47):
Can you believe that?
I can't put a chimney in my house because the EU determines that my little bit of smoke coming off a wood stove is going to kill the environment.
So they overreach and they tell me, you can't put a chimney in your house.
If I buy a bottle of water over there, I got the cap stuck in my cheek when I'm trying to drink out of a bottle of water because government doesn't trust me to put the cap back in the bottle before I recycle.

(19:15):
Now, what's the impact of that?
The plastic on the cap and the plastic on the bottle are two different plastics.
So they're biting off their nose despite their face.
They're reducing the quality of the recycled plastic by imposing their will on the people.
There's lots and lots and lots of examples.
like the things I can't do and by and large in the United States I can do what the hell I like

(19:38):
as long as I'm obeying the law and the laws generally in the United States I know sometimes
we like to bitch about you know things but by and large in the United States if you're not
bothering anyone else you can do what you like I can go out and buy a tract of land
and take down some trees and build a log cabin and no one cares if I put 20 chimneys in my house

(20:00):
as it should be. That's my personal freedom. That's what I get. Those are my property rights.
I can do as I please in my property as long as I'm not imposing on anyone else. So those
are some very small examples. Like the money side of it, I could go down a huge rabbit
hole. They're getting a CBDC next year. Britain's trying to impose the digital ID. It's 1984

(20:27):
stuff over there. And I just think I'm sick to the back teeth with people talking negatively
about the U.S. Like it pisses me off. Like people need reminding what we have here. For better or
worse, we've got freedom. And I definitely appreciate it. Yeah, really great points. And I

(20:50):
do think it's important for us to understand what's going on on the ground in other places.
So I really appreciate you sharing.
I think most of us are appalled by hearing.
But if you've ever been a part of an HOA, it's kind of the same thing.
I think Pubby was first.
Go ahead.
Yeah.

(21:10):
Sam, it's always good to see you.
Maybe you can provide a little more feedback on this.
It is what we're seeing, the dangers of that digital ID.
I believe they've got, what is it up now?
The petition is up to a quarter of a million right now.
And people don't understand seriously how dangerous this is.
One-stop shopping for counseling your entire life.

(21:31):
Ultimately, just imagine your bank, your medical, being able to shop to see everything tied to just one single location that, as Sam says, you have a wrong think, a wrong opinion.
And just like that, everything that you can do in life, your transportation, being able to move about, just shut down with a flip of a switch.

(21:55):
Not to say they can't ruin your life pretty bad already, but they've got to go through a lot of different avenues.
And when you have the BBC and friends all over in the UK that talk about the perception of what the U.S. has, what Trump is doing, it's clear the narrative.
They have no clue what is going on.

(22:16):
And it's scary to watch this unfold.
But, yeah, support to all the U.K. friends.
And I'm glad we still have a space like this that we can share.
Yeah, watch out.
They'll come for you.
If they don't like it and you're on social media saying this stuff, man, it's crazy that they do that.
Even to Americans, I saw an article a couple of weeks ago about how Lady had basically was harassed by the police.

(22:43):
And she was really just there for work and raising her kids, I think.
And they came and harassed her.
Yomar, you were next.
Thanks for coming up.
Hey, how's it going, guys?
Yeah, it's sad to see all the things going on in Europe.

(23:03):
I know they are on the steeper side of the slope, but I don't think that gives a green light or a free pass for America.
We have to really – the problem is it's like the analogy of the boiling frog, right?
Like you don't notice – the frog doesn't notice the water is getting hot until it's boiling and then it's done, right?

(23:24):
They always want us to have like a short time window.
Think of freedom in terms of elections.
Are you freer under Trump than you were under Biden?
And, oh, okay, you must be doing good.
America is doing great, right?
Like the reality is like we have been on a long, steady decline of liberty since the revolution.
You know, like we've – and I think there's a reason why they don't spend all that much time teaching us about like the real arguments.

(23:50):
We kind of glaze over it.
We skip around.
You know, if you go through school in the United States, they talk about it.
They don't really get into the depth of the meaning, or even if they do, it's quickly discarded and forgotten about, you know?
And that should be the setting, right? Like we should be setting, like comparing our freedoms today to the freedoms, you know, that our founders fought for. And when you look at it from that scope, you know, America is like the way beyond the tyranny of the king that we fought against.

(24:20):
and you know I think people have to
be reminded of that and realize that
because it's not going to get better
if we keep these like short
time windows of
reference you know like if we say
oh well yeah you know
if you ask anybody are we freer after
2001 than before you know people
almost universally say no

(24:40):
but they won't really
do much about it you know
because it's incremental and I think that's
by design and they'll just keep going until
they get to the point where um you know they feel like they can just tell you that you can't put a
chimney on your house you know like i think it gets to the point where like there's just so much
power that the government's accumulated that liberty is choked out and you know locked in a

(25:04):
small room somewhere you know and you get this little tiny pocket that you get to play around
in but that's it um and you know we we i think are also lulled by the fact that we are still uh
much freer than most places in the world, you know?
So it's not that, you know, America's terrible, but,
or America's terrible compared to other places,
but America is terrible compared to what it's supposed to be and what it was.

(25:28):
You know, we have to remember the benchmark is,
remember what the benchmark is, you know,
where we started and where we are today and what path we're on.
We're not on the path of more liberty, right?
We're on the path of less liberty and we always will be, you know,
that's the nature of government. So I think it's just important to remember that.

(25:49):
Yeah. And I think, I don't know, Sam, you probably thought about this and wait,
I'll come to you in a second, but you know,
when you have these crazy rules or laws and then on top of it,
these things like compliance or surveillance can be made automated with,

(26:10):
you know, things like AI, it's not just your neighbor who's telling on you because you've
put a chimney up when you're not supposed to. It's now, you know, they have the tools,
like look at the order that Sam made for this stone, or he must be building something. Like,
I think there's just going to be ways for them to track you and make it even worse. But it does

(26:33):
give me hope that in places like Europe where there are these crazy rules, I think people
hopefully will find that outlet valve of freedom money, which is Bitcoin.
Wade, wanted to go to you.
Sam, since the gas pipelines were blown up a couple of years ago, how, if at all, has

(26:56):
impacted energy prices in Ireland?
we're hearing that there's significant doubling, tripling of energy prices,
at least in continental Europe.
Has that impacted Ireland at all?
Because I don't think you guys have a nuclear there, do you?
So I'm probably the last guy to ask because being Irish, we don't have much energy.

(27:20):
Everything's imported.
But I'll tell you this much.
I hear people in the States.
I'm in New York.
I hear people talking about gas being expensive.
at, I don't know, what is it,
330?
Back home, well, first of all,
the car that I drive, I can't drive
that car in Ireland.
I've got a Jeep with a
Hemi engine 5.7.

(27:42):
I love it. I can't have
that in Ireland because of regulations,
no matter how much money I have.
And the gas in Ireland converted
to dollars is probably
about $9.
I can't have,
my brother's a landscaper in Ireland.
he can't have a pickup truck.
He has to drive a shitty old, like a Ford Transit

(28:03):
and horse everything in and out of the back of the transit
because of a dumb regulation that a pickup truck,
you know, someone somewhere decided a pickup truck isn't
something you should have in Europe.
I could give lots of examples.
I'm not allowed to have a chimney if I build a house in Ireland
to burn some wood, so they force me to burn oil.

(28:25):
but yet Europe doesn't have any energy
so like the hypocrisy
I would see through it if they were imposing some laws
and it was for the greater good
but Europe is really destabilizing the world right now
they don't have energy
and yet they want my US and your US tax dollars
to come into a full blown war with Putin

(28:49):
yet they're happy to take his oil and gas
to fuel their economy
they shut down their nuclear
I mean, Germany is a manufacturing base and Europe doesn't have energy anymore.
So what do they propose to do?
That's why they're trying to rope us into a war with Putin.
And there's lots and lots and lots of examples of hypocrisy in Europe.
It's just, I don't know what the ultimate end game, like I have my theories, but I guess I would be arrested if I shared them.

(29:17):
My theory is the people pulling the strings in Europe want the destruction of the West.
that's my theory
I can't imagine that anyone who wants the West
to thrive is making the decisions
that they are in Europe right now
so the levels of migration
into Europe
you know my hometown
has a population of about 25,000

(29:39):
people
within the past few years
there's been about an extra
I'm going to say 8-9,000 people
most of them male
most of them not Christian or Jewish
I'll let you draw your own conclusions
about what they are.
So yeah, worry and trend. And the reason
I come up and speak in spaces like this,

(30:00):
some people say to me,
like, Sam, enough of the bullshit about
Europe. It doesn't matter to us.
Well, it doesn't matter to us because
we listed
our apartment in New York City
last Wednesday because
on Polymarket,
this guy in New York City is
at 88% to be the next mayor of New York.
He's a communist

(30:20):
and he's not
friendly to the ideals that this country was built on and yet he's going to be the mayor of
the biggest city so i come up on these spaces like you guys are free to do your own research
of course and a lot of you are very smart you know this already but i never miss an opportunity to
tell americans hey don't don't forget about what you have and don't let people take it away

(30:45):
because it happening it like the encroachment is happening very very fast we see it in parts of Michigan We see it in parts of minnesota and like i conclude by saying this i could give a shit if you democrat or republican
i love you just the same provided provided your your your uh fly your flag um and and stick to

(31:08):
the constitution stick to what this country was intended to be and i'll love you just the same
It's not that I'm red or blue.
I'll respect anyone who gets on board with U.S. ideology, but it's at risk.
I see it encroaching.
I'm horrified with what's happening in Europe.

(31:29):
Ireland's my home.
Every time I go back there, I feel, man, it hits me in the heart, and no one sees it.
People are walking around like zombies, and I try to talk to them, and they label me.
you know I get the usual bullshit right away when I try to talk to them
ah man you've been brainwashed in the states you're a trumper
you're extreme we don't want to hear what you have to say

(31:50):
and everyone's just like sleepwalking into this dystopian
world in Europe and yeah
bit of a rant there guys but don't let it happen here
please please God don't let it happen here like whether you're blue or red
appreciate what you have here. The overall picture here is still good. We have freedom.

(32:15):
And I don't know, maybe at some point in the future, we're going to have to fight for that again.
Yeah, I think it's an important message. It does help you kind of zoom out, especially when we see
all the infighting and the things that are going back and forth and people talking about civil wars
and all kinds of things.
We kind of touched on the fourth turning last week.

(32:36):
And I wonder, Sam, not to put you on the spot, but I'm just curious.
You mentioned that digital euro stablecoin.
And just curious, like, are people even really, like, in the countryside
or where you're from even aware that this is going on and what the implications are?

(32:58):
Because I still feel like even in the United States, despite our ban, our so-called ban of stable coins, or I'm sorry, of CBDC, not stable coins, that most people don't even know what a CBDC is.
And so just curious over there if that's come up at all.

(33:18):
Yeah, so I was raised in a pretty rural area.
Anyone who knows Ireland, County Donegal, I always tell people it's like the Alaska.
we're right up there
I'm 18 miles from the border with Northern Ireland
which probably means that I'm a bit more vigilant
about stuff that's going on
that's now a European border by the way

(33:39):
because of Brexit
so when I was home my high school reunion happened
so I got together with 50 guys
none of them have become
you know none of them have become president
or anything like that
and none of them are billionaires
but they've all done pretty well
they're all pretty smart. There was a CFO, there's a couple of C-suite guys, there were accountants,

(34:01):
there are guys who work for the Irish equivalent of the IRS. And I asked everyone who I met,
hey, what do you think about the CBDC? There was just a blank look. They didn't know what I was
talking about. And the only guy who knew what I was talking about was the CFO. He works for
a very large consulting firm out of Dublin who do a lot of work actually for US companies

(34:26):
mediating between the US and Europe. He knew what I was talking about, but even he didn't get why I
was being, he told me I was being neurotic and paranoid. And I tried to say to him, hey,
why would you possibly, like the analogy I give about a CBDC is a digital photograph, right?
So I could send you guys, I could put a digital photograph in the nest.

(34:49):
And if you click on the details of that photograph, you're going to see Sam took this photograph on his Samson flip in his apartment in New York City on this date and this time, blah, blah, blah.
God knows what other cookies are in my phone that would also attach information to that image.
So your currency is going to be the same once it goes digital.

(35:10):
It's not just money anymore.
It's like a portfolio of your information, and you can be switched on and off.
And I guess to answer your question, people in Europe are no further enlightened about what a CBDC is than folks in the U.S.
And yet it's coming, and it's coming fast, a lot faster there than here.

(35:36):
BFP, go ahead.
Sam, thanks for your
insight into the European window
but I just wanted to say
the CBDC and the stablecoin
are going to be nuanced
and speakeasied into the

(35:56):
world as a CBDC
so our stablecoin
you can kind of see Tether
and whatever the other junk stable coins are,
they're already proliferating.
They're spreading faster than anything.

(36:16):
And so I think that's our next play,
or our government's next play, not mine.
I don't want to say our.
But I think the CBDC and stable coins
are just a mismatch of words and verbal gymnastics
to get people into the fold of the next version of the U.S. dollar.

(36:37):
And they will stably debase the value just as they are doing right now.
So just stick with Bitcoin, people.
Self-custody.
Yomar, see your hands here.
Yeah, so just wondering, Sam, do you guys see over there any,

(36:57):
like is there like activism against
the ever encroaching government there or is it
I know you said that most people are unaware of CBDCs but what's the general
sentiment that you feel like it's over there like are people kind of just
you know happy to destroy themselves for World War 3

(37:20):
that doesn't have to happen or do you see like more people
trying to resist against what's coming there?
So I guess the fundamental difference,
like I lived in Ireland until I was 42
and I've lived here in the US now for 10 years.
So I've got a good sort of perception of,

(37:41):
not just of both places,
but of how people in each place view the other.
So the first thing I would say,
sentiment towards America is
wow, I don't know what the hell we did to Europe, but they freaking
hate us guys, like everywhere you go, there's just, even in Ireland

(38:02):
and like I read a stat last week, 66%
of Ireland's exports, goods
as opposed to services, is pharmaceuticals
Right. Made by U.S. firms who manufacture in Ireland and then send the pharmaceuticals back to the states.

(38:23):
It adds up to 44.6 billion.
And when you when you counter on the software, the services like Ireland's economy largely depends on some pretty significant investment by by American companies.
And yet, if you did a straw poll, the average Irish person, like all I heard when I was over there was, oh, yeah, the U.S. has been bullying countries around the world.

(38:52):
It's no wonder Syrians and Yemenis and Iranians and people are pissed.
Like, that's all I hear.
I don't hear.
And I try to push back against that and say to people, well, you know what?
If it wasn't for the U.S., you'd be part of Russia.
You'd be living under extreme fascism.

(39:12):
If it wasn't for the Marshall Plan, which was U.S. tax dollars,
Europe wouldn't have been rebuilt after the war.
If it wasn't for the U.S.'s willingness to let import cars from Europe,
notably Volkswagen, the first import to come into the United States,
the U.S. helped to rebuild the German economy.
and now

(39:33):
like
so I don't want to ramble too much but I do
subscribe
to the theory of the turning because
I guess to summarize how
I feel, Europeans have forgotten
their history
they've forgotten the gratitude that they
should express
towards the US and yes the US is

(39:53):
flawed and I'll criticize the US
foreign policy but
it's the best
bad
ideology that we have in the world.
So to go back to your question,
the main difference,
people in Europe have
an unflinching trust
and faith in institutions,

(40:15):
public institutions,
whereas I feel in the US
we question.
We have the Bitcoiner mentality.
We don't trust, we verify.
Europeans just toe the line.
Like if the European Union
decided, hey,
you have to walk in your hands for the next week,
they're going to try and walk in their hands without even asking,

(40:36):
hey, why are we doing this?
They're just going to do it because authority told them to do it.
So, yeah, I see a growing sense of authoritarianism in Europe.
And as I said earlier, if it was towards a greater good,
I may get on board with it,
but I don't see that it's towards a greater good
with people like Ursula von der Leyen and Christine Lagarde.

(40:57):
but there are some green shoots
some people
put their head above
and fly a flag and resist
but those people are generally
ostracized
like Italy is
well down the road
ostracizing it
ostracizing itself from the European

(41:18):
Union by, like I think their president
is awesome
she made a speech the other day and she says
hey if you don't like our country, if you don't like our customs
get lost
and we're not going to change.
You have to change.
If you want to come here, you can come here,
but you have to assimilate to us.
We're not going to assimilate to you.
But yeah, overall in Europe, I'm very, very, very gloomy.

(41:41):
And I guess my underlying message is just be grateful.
Just be grateful for what we have.
Like the host mentioned earlier about the HOA.
Well, that is true, but no one's forcing you to buy a house in the HOA, right?
you can still go out and buy your own
tract of land and do whatever the hell you like
but it's like
I would draw the analogy that Europe

(42:04):
is like one giant HOA
and there's no way to get around it
yeah it makes sense
I still feel
I look up Europe as
like you know this is the end state
of the road that we're on and we have to
you know to maintain liberty you can't just
like you can't just be
static, right? Like you always have to fight to keep your liberty. So I think that the message

(42:29):
that I would try to say is like, look at what Europe is going through now. If we're complacent
and we just accept whatever, everything that's shoved towards us, that's going to be our end
state. And it can happen very fast. You know, like, I don't think, I don't know the timeline
of European politics, but I don't think it was this bad, you know, 30 plus years ago, you know?
So like it can happen in a lifetime, you know? So I think that's, that's the message that I would

(42:53):
carry or as an American, like that's the message that I, you know,
try to push out there is like, look what they're going through. If,
if we're not smart, we'll do the same exact thing. You know, it's, uh,
the, the perils of government aren't unique to Europe. You know, they're,
they're, um, anywhere, anywhere there's a government, there's a hunger,
a natural hunger for power for it. And, um, you know,

(43:15):
we got to always be vigilant against that so that Europeans still have a safe
place to run from my, uh, it's funny. You said, uh,
where you're from in Ireland.
I think my few generations ago,
that's where my family came just south of there,
like Sligo, I think.
So up near that way.
So hopefully we still give you guys a free place

(43:36):
in the future to flee to.
And then, you know, your point about like,
you know, you have to assimilate here.
Like, absolutely.
Like if you, you know, I'm all for immigration,
but like you have to, if you're going to come here,
like the thing to me as an American,
like you have to come here loving what made America America.

(43:58):
You know, with the government bound by the Constitution,
like you can't come here and then tell us like,
hey, you have to have, you know, I want this service or that service.
I'm here.
You should be like more of a constitutionalist than I am.
Otherwise, you're probably, you know, better off staying where you're at.
yeah thanks for that go ahead texas gotcha uh yeah i mean there's two ways to go about this it's like

(44:25):
we know europe's they're screwed um at least the the government level the high ups they're all gonna
you know to keep taking this poison um until they kill themselves it's like the population
and the everyday Joe Schmo has two options.
They can either like get violent,

(44:46):
which you shouldn't do,
or you can, you know, get smart
and protect yourself and your assets.
And the way to do that is Bitcoin.
And it's like, that is the peaceful revolution.
That is how these places are going to be saved
or the people are going to be saved.
They're going to have to get powerful
through holding the best money.

(45:08):
And then they can, you know, take their country back after they've bankrupted themselves and everything else. But, you know, that's the peaceful way to do it that I see. And so that's why it's like getting these political messages and it just foments this, this like resentment and hatred and like violent, like, because we're all vets.

(45:30):
I mean, we all fought or, you know, trained for war in some capacity.
And so there's like this propensity to violence that we all kind of feel in our gut level.
And I just don't think that's the way I think the peaceful way is through Bitcoin.
And it's going to be more effective anyway.
It's going to get people on your side as you grow with them and interact with them in a peaceful way.

(45:54):
And yeah, I just want to encourage that peaceful revolution as we see all this, all these things
on our, on our screen, we're all on Twitter.
So we all see this stuff.
I don't know about you guys, but the last like month has been crazy.
Just seeing like visceral images on my timeline of you know Islamist protesters and you know these these people across Europe harassing women and the same thing in America

(46:24):
You got the deer worn stuff going on. And it's it's almost like designed to make you, you know, have a reaction that's going to wind you, wind you up in big trouble or in a jail cell.
And so I would just encourage that – go the Bitcoin way, and it's going to be a lot more effective.

(46:46):
Absolutely. I think the easiest way for the government to have an excuse for near unlimited power is for violence.
I think that's why they encourage it. I think that's why we get these – the kind of speech that we're getting from the political and pundits and everything like that.
They want to incite violence, especially, like, not against the state, right?

(47:08):
Like, I always say, like, the, you know, inciting a civil war is, like, the last-ditch effort to avoid a revolution, right?
Like, they don't want you fighting them.
They want you fighting each other.
And, you know, I think that's what they push for.
They want you to, you know, if they can tip the scales back and forth enough until people are fighting in the streets,
they say, listen, like, we don't want to do this, but, you know, we're going to have to seize all this power

(47:29):
and watch what you say and watch what you do because otherwise, you know, look what happens.
You know, people were tweeting mean things and now, you know, there's violence in the streets and most of the normies just want to, you know, be able to feed their kids and carry on their lives.
And, you know, they don't look, you know, we always talk about time preference.
You know, the immediate time thing that you're looking at is, you know, safety and security.

(47:50):
And then, you know, if that's threatened, you're not really worried about like, okay, like what does this do for the, you know, the chance of my children or grandchildren to be free?
that's less of a concern if there's people fighting across the street from you.
So I do definitely think that's part of the design
is to get us amped up and angry at each other

(48:14):
as opposed to trying to do something to fix it.
And I definitely think Bitcoin is a –
if we take away the money and everything that comes with fiat,
a lot of these problems just go away.
yeah good stuff and i think bfp was first and then we'll go to wade

(48:35):
yeah i had a thought uh that related to sam when he was talking about how you can't
build a chimney out in europe it made me think of dominic frisbee how they um
the old school taxes were like you can't uh or you get taxed by how many chimneys you had

(48:56):
or fireplaces.
So in order to ramp up taxes, they switched that,
and people complained because they had to go inside and see the thing.
But they complained, so they changed it to window tax.
And I'm just thinking in my head,
the way to avoid inflation tax is through Bitcoin and inheritance tax.

(49:19):
So Bitcoin not only saves you from the biggest tax, which is inflation tax,
It also saves you from other taxes
Just my two cents
Yeah, good things to think about
Wade, go ahead
So I just did some preliminary digging
On numbers here
And since those pipelines were blown up

(49:42):
EU energy costs
Up 22%
Natural gas up 45%
That is irrecoverable
Gentlemen
Yeah, it is. The energy problem is real. And I think we've laughed at, and a bunch of people have said this in the past, but recently Germany blew up their last nuclear plants and just seems like they're tripping over themselves over there.

(50:15):
So hopefully, well, I'll just say, I mean, I think the hope there is that these actions that are taken and, you know, the mismanagement of government and the central bank do lead to people figuring out, one, where they want to be and, two, what money they want to be using.

(50:37):
So I think it's good stuff.
So we're winding this one down, guys.
We've got maybe about 10 minutes left or so.
We can switch topics or do people have final thoughts on this?
Mike, we'd love to hear from you.
Pubby, and I think we've heard from everybody else quite a bit on this.

(51:01):
Do you guys have thoughts on this one with where we've kind of taken the conversation this morning?
I've honestly, I've missed quite a bit.
I was doing quite a lot with my son this morning, so I apologize.
I'll be more present for whatever you guys are going to talk about next.
No, all good, man, and hope the little guy's doing well.

(51:23):
I know it's fun to adjust to being a new dad, so congrats again.
And by the way, guys, if you get a chance, maybe we got a couple of people up here who are authors.
Neil dropped, but Mike, do you want to talk about your book real quick again
and just kind of let us know what that is about.
And maybe people would like to check that one out.

(51:47):
Sure.
The general synopsis is just I talk about a lot of the benefits of general decentralization can come from
and the decentralization being primarily fueled by individuals like, say, for example,
farmers or veterans like we're talking about here can benefit from having from utilizing something

(52:09):
like a Bitcoin and then using even more decentralized strategies like regenerative
agriculture and whatnot. And I also talk about a lot of the primarily like I have a chapter
focused on the masculinity crisis and how economics and just general culture can be
feeding that and the fact that like, oh, how would I describe it?

(52:35):
Like the ethos of Bitcoin and the way it operates is generally masculine, in my opinion,
especially like in kind of like a divine masculine way of just relying on strength and just general
individuality and the decentralization aspect for the same reasons of supporting farmers
and veterans can really help kind of like correct the course that not just America,

(53:00):
but Western nations in general are kind of falling prey to because we know we've talked
about many times how much the fiat mechanism has been used and perpetuated by institutions
to kind of not just destroy the concept and the viewpoint of masculinity and a quote unquote
patriarchy can really like getting down into those things can really help fix a lot of the problems.

(53:26):
And then I also just as a kind of jest from my angle and something that we've talked about quite
a bit here as well, that my position is that Bitcoin won't destroy fiat, but it will be a
kind of perfect countermeasure or counterbalance to the fiat system because
governments will always be incentivized to print their own money.

(53:50):
And then I will state that the audiobook is finally live.
I apologize.
It took me quite a while to finally get that all set up.
And it was voiced by none other than our own Shane Hazel.
So you guys can get lulled to sleep because Shane's voice is so sultry and enjoyable.
I actually found myself listening to my own audiobook extensively

(54:13):
just because I like listening to Shane talk.
So consider that maybe a no-homo situation, but I enjoyed how it came out.
I think you're supposed to say that before you say the statement, you know?
Otherwise, it doesn't count.
Yeah, well, you know.
I had a pleasure to meet Mike Hobert a couple times here.

(54:35):
And let me tell you, when you meet him, he is absolutely judging two things,
how much you can bench and what your diet is like.
He knows right away if you're weak sauce.
No, I couldn't see you, man.
I love it.
Good to see you, Bobby.
Yeah, and one thing that always interests me, and we kind of touched on this on Friday when we were talking about the fourth turning, maybe not too deeply,

(54:57):
but Mike, did you happen to go into or do any research or have you been noticing the birth rates and how that corresponds to the health of a society?
And, yeah, I just think, I don't know, that's been something that's been on my mind because it does seem like, not to judge anybody, but, you know, people are having children later.

(55:22):
And some people, whether it's health or it's just, yeah, their age, have a lot harder time having children.
And our birth rates have, I think, begun to fall.
So just curious, any thoughts on that or did you do any research on that?
Well, yeah, I think you can't have that conversation without also having the conversation around the masculinity crisis and vice versa.

(55:50):
Because if you think about it just on an individual basis, what is it?
The average household income for an adult right now is, I just looked it up, I think it's like $92,000 a year.
And the median income is $45,000 a year.

(56:13):
So if you know the difference in definitions, there is a massive gap in those numbers because the top 1% to 10% are pulling the median measure a lot or the average measure a lot higher.
The median is like right in the middle where the data comes in.
So when you have that kind of dynamic, that's telling you right there that the vast majority of Americans are making well below what the average is.

(56:45):
The average is getting pulled up.
And if that's the case, then you get to look at how unaffordable housing is.
And if you're an individual that wants to have a family, you want to have a house in order to actually give that family a backyard and a front yard, a driveway and all that.
You know, if you don't have that stuff, then you're forced to live into like forced to try and like raise a family inside of an apartment complex.

(57:08):
And I don't know how many of you guys have lived in an apartment complex before, but having a neighbor that is really loud, let alone multiple neighbors, is generally not desirable.
And you don't want to be someone and people in general don't want to be like that individual that is disturbing their neighbors and just viewed as like a general nuisance or a problem.

(57:30):
So that's just a really simple aspect of it. But then you look at how costly it is to be able to provide for a family of more than two individuals, including yourself, on top of just babies and children in general being expensive.
And then you have to talk about like how it is you're going to be able to balance the cost of just getting to and from work and like dealing with the daily cost of life.

(57:56):
And then also worrying about health insurance for your child or your children and the like absolutely atrocious cost of daycare.
We've talked about that a couple of times and it's just, I'm lucky enough to have a night shift job to where that's honestly pretty ironic to say because night shift work is extremely unhealthy in just about every regard.

(58:20):
And then if you include the considerations for what it takes to be able to work nights against your body's natural circadian rhythm, like the caffeine consumption and general stimulant reliance.
Like I know night shift workers also tend to rely on not just caffeine, but nicotine in particular.

(58:41):
It's just generally just not the best thing to do.
But because I'm working nights, we can balance who is watching Maverick when and be able to generally take care of him and give him what he needs without having to rely on daycare.
which daycare costs are like on a monthly basis are running about like the

(59:04):
same as a mortgage. Like that's insane. That is absolutely insane.
And then you consider like how many Americans have, um,
atrociously priced like car payments on top of the insurance.
And then on top of the cost of insurance premiums,
like you're looking at it to the point of where the market has effectively

(59:24):
priced out being a proper responsible parent for the average American.
Yeah, it is. It is crazy. And I do think that's why a lot of people will talk about the money being broken,
being broken from, yeah, the I think the tons of money printing that we've seen just has accelerated since 2020.

(59:52):
and I think we all know why.
But it really does start to break things down for people, and I think you're right.
Pricing people out of having kids, pricing people out of all kinds of normal activities,
it does make sense to see why the numbers have dwindled.

(01:00:12):
And, man, I'm hopeful that we can turn this around,
but you have to know that there's a problem first.
We are at the top of the hour.
Did want to go around, give anybody the opportunity to kind of share final thoughts, if you have any, for this Monday.
And once again, guys, do appreciate everybody being up here.
If you're in the audience, we appreciate you.

(01:00:32):
But please do follow the people up here on stage.
They spend their time so that you can learn a little bit more about Bitcoin and hopefully your journey.
We'll go around the horn.
Wade, BitPetro, thanks for coming up.
Sam, BFP, anybody have any final thoughts before I wrap this one up?

(01:00:58):
No, you're good.
Awesome.
Well, guys, it's been a great Monday, and we never know where it's going to take us.
But I hope you guys stay healthy, stay safe, have fun, be kind,
and remember, whatever you do, don't shitcoin.

(01:01:19):
I don't even know what to tell you people anymore.
Just don't do it.
It's bad for you.
All people that use fiat currency as a store of value, we call them we core.

(01:01:39):
We call them we core.