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WHY ARE WE BULLISH? Tatum Turn Up, Tarantula, Raj Patel ep437

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Duration:: 1h 36m
Broadcast on:: 30 Aug 2024
Audio Format:: aac

[MUSIC] [MUSIC] >> What is going on, everybody? Welcome to the show another Friday, another episode of Why Are We Bullish? I'm very excited, I've got awesome guests waiting to join us here. I'm also happy to be doing my, I guess my first one back from Riga. I was in Riga for Baldic Honey Badger. Unfortunately, I fell ill half way through that. So I saw one day of the official conference, and then I saw a whole lot of the inside of a hotel room. But the stuff that I did see was great. And I got to check out the noster content in the two days prior. So I feel like it wasn't a total loss. So I'll give a nice hat tip to everybody over at Hoddle Hoddle that put together an excellent event in front of what I hear the second day was no exception. Despite me not being able to see it with my own two eyes. So other than that, I'm back in the saddle, I'm feeling better, and I'm rare to go and yeah, of course this is live. I defer to my friend Bill here regarding that. [MUSIC] Do it live, do it live, I can go write it and we'll do it live. [MUSIC] Thing sucks, yeah. Now if you have not already, please do like, subscribe, share all those things. Super important getting this content in front of my eyeballs. I am Ben with the BTC sessions, this is your daily session. [MUSIC] Hoddle, get big for you. [MUSIC] Now, before we dive in, we're going to take a quick look at where we're on the market right now. I currently have pulled up timechaincalendar.com. And I am pulling up the live chat now over on the right hand side of the screen. Everything you say from here on in will be live for the world to see for better or worse. Back on timechaincalendar.com, we're sitting at $59,080 per coin. A single US dollar will snag you 1,693 sat fees. A whole lot of the same fees I've been seeing lately, low four sats per byte priority and any time. So, you know, it's not bad if you transact regularly. Miners, not so keen on that. But hey, you know, such is life. And in terms of Bitcoin line, 19.74 million of them, that is 94.03% of the total supply. We're going to do a quick shout out to our sponsors here, and then we'll dive right in with our guests. We'll see in a second. Bitcoin Well is on a mission to enable independence by being one of the easiest and quickest ways to purchase Bitcoin in Canada and the US. The best part about it, every buy goes directly into your own self custody, they never hold your coins. You can add a Bitcoin address as part of onboarding. There's a transparent 1% spread, no hidden fees, no withdrawal fees, plus they have KYC-free sells and bill payments on their website. They're also a publicly traded company under the ticker BTCW on the TSX-V. Check them out over at bitcoinwell.com, check out my full tutorial on how to use them, and you can check out the links in the show notes down below and sign up today. Speed wallet is a Bitcoin lightning wallet built with simplicity in mind. Spend and receive with ease, claim your own lightning address, shop your favorite gift cards, and even earn rewards when you spend. Head over to speed.app to download the app on your mobile or desktop today, and use the link down below to get 5,000 sats per free and have the chance to win even more. All right, and we are back in before I bring in our guests. I just got to let everybody know this is official from yellow. He wants you all to know that 58K is communism, break free, green sky is the way it is above. You can hold that statement close to your heart, and we're going to bring in our guests now. So I want to welcome to the stage, I'll do a quick roll call, and then we'll do some intros here. So I want to welcome to the stage Raj, Tatum, and of course, Hoddle Tarantula. Welcome all for, thank you for being here, very excited to get bullish for you guys on Friday. Let's do a quick round for those that are unfamiliar, that are watching in the show. Who are you? What do you do? And we'll just do round robin here. So Raj, I'm going to toss it to you first. Can you give yourself a little, a little info, please. Hey, Ben. Thanks. Great to be here. So I'm a founder. Speed Bitcoin Lightning, we work on Lightning Network, try to develop the APIs apps, try to push in as much innovation as possible on the Lightning Network, and yeah, that's it. Awesome. Awesome. Well, I'm glad to have you, man. First time on the show, but I'm sure you've got plenty of reason to be bullish. So forward to it. Awesome. Tatum, I'm going to toss it to you. I mean, my right hand for the Christmas show is regular, you need no introduction. But for everybody that's currently watching, wondering who the hell this is, what are you going to tell them? What's up, YouTube? It's your boy, Tatum Turnup. Before we get started, don't forget to smash that like button and subscribe to BTC Sessions. He paid me to say that. No, he didn't actually. But I'm Tatum. I am a degenerate miner. It's a toxic relationship that I can't get out of, but I love it reluctantly. Hosted between 2A6, that may or may not still be a show, who knows, but yeah, I'm happy to be here. And yeah, it come to the Christmas special. I'm the guy behind the computer every year, wrangling people up, and it's so fun. I love it. Favorite tradition. Well, I'm glad that you're a part of it regularly. I don't know why you subject yourself to wrangling Bitcoiners for 6+ hours once a year, but I'm glad you do. I'll continue to get that free labor. All day, baby. Yeah. Awesome. And I'll toss it over to Tarantula. It's been some time since we chatted, man. Good to see you, but I'll let you give yourself an intro for everybody watching. Who are you? What do you do, man? Hello, Tarantula, aka HT, I mind Bitcoin off-grid. I am trying to, you know, decentralize Bitcoin further than just by the node distribution, and trying to make it available to everybody everywhere in regards to decentralized power. Awesome. I love that. I love that. Some of the stories you've told me have been fantastic. So I'm glad that you're doing it, man. She's good. She's great. We just had a nice little family road trip through August with the kids and everything through Western Canada, and it was a good time. I was seeing some of your pictures and it looked absolutely beautiful. Your travels are crazy. I love it. Yeah. It was wild. It was cool. It would have been like that far out on the coast, so it was beautiful. Yeah. Oh, yeah. So yeah, guys, we're going to dive pretty much right in. Of course, for everybody watching, if you're unfamiliar with the show, this is why are we bullish? Simple premise. Each one of us has come with a reason for being bullish, something we're currently excited about in and around Bitcoin, and that reason can take many different forms. There are no barriers to that. So the flow of the show is, number one, somebody's going to get to drop their reason why they're bullish, is their chance to rant and get off their chest, what they're currently buzzing about. Number two, altogether, we're going to riff on that reason. So discussions, comments, questions, whatever rabbit holes we want to go down. And then finally, number three, once we put a ball on that topic, we're going to rotate to the next person. So reason, riff, rotate until we've all had a turn, nice and simple, easy, peasy. And I'll get us kicked off today, and then we'll get through the guests immediately after. Mine's not going to be super complex or anything, but it's in and around a topic that I'm continuing to be more and more passionate about, and it has to do with, again, building your local community and truly going all in on Bitcoin can mean a lot of things, and a lot of people still see it as just like a savings vehicle. But when you really, really go all in, that means you don't have fiat to use as is often the case for me. That's the goal, the end goal. And so you're in a position where obviously you must spend your Bitcoin and there's services and things that can help you navigate that. But I think that the most resilient way that one can truly become like a self sovereign Bitcoiner and be able to be confident that regardless of who wants to tell you know, you can still live on a Bitcoin standard. And that's establishing peer to peer relationships with others where you can just directly pay for their goods and services with Bitcoin itself without even navigating through a service. And so I've begun trying to build that out in my hometown with the sat market and bringing together all the Bitcoiners and kind of building out from there. And a lot of them already have skills and companies and products that they make. And so it's no brainer for them to be able to just accept Bitcoin already. And I've started to see that pop up in my everyday life more and more to the point where I'm now kind of starting to look down the list of things that I regularly get, not just like using gift cards and stuff, which is great that fills the purpose for me for a lot of things or using like a local service to be able to pay bills and things like that. Again, Bitcoin, well, that's awesome for me. But like the things that I can get now just directly from people I know with Bitcoin, I'm just going to kind of list off some of the things that I'm now able to just obtain directly with Bitcoin from a guy or a girl that I know. And so when it comes to things like food, beef, chicken, eggs, jerky, honey, jam, all the types of stuff, dairy, a whole plethora of different things, I can just get directly and locally produced, things like that. So I'm very excited about that. I also now have a personal trainer that comes to my house a couple of days a week and paying them directly in Bitcoin. Yeah. Yeah. And it's great and I'm super happy about that. When I was in Vancouver just recently, do my road trip, I, there's a barber there and I just rolled up and was able to pay in Bitcoin while people referred me to two different barbers to check out while I was there. Earlier in the spring, kid threw a toy into the toilet and flushed it. And I call the Bitcoin flumber in powder and deal with my problem. Even beyond that, I've got, I've got tradesmen that have done various things for me. So actually a childhood friend of mine who has kind of ventured lightly down the Bitcoin rabbit hole with me as well, he's accepted Bitcoin for a variety of things, either in part or in flow, for a number of things that I've done. So he did my basement, like the entire Renault, it was an unfinished basement and he finished the entire thing, paid partially in Bitcoin for that. Right. Strong. Yeah. It's awesome. So we're looking online, seeing like crappy tables that we could maybe order. And then I'm like, all these are going to be replacing immediately. Same guy, call him up. He gets like solid oak bases that he stains and he puts like a piece of quartz on top and like puts it all the end, it's the thing weighs like 350 pounds or something. It's not moving like it'll, it'll still be standing if the house ever burns down like this. And it'll still like, again, Bitcoin, my wood backdrop for my studio, he did that and I can pay him Bitcoin. Even the, I had a different contractor do our back deck or backyard and our fence like a couple of years ago. And while I didn't end up paying him in Bitcoin, he was very curious about what I did. And he was very, he, I think it was more so, he didn't quite get the wife approval on that one, but he was, he was considering accepting partial payment in Bitcoin. And beyond. You got to respect your ladies. Yeah. Exactly. Yeah. You got to, you got to walk that tightrope. But you know, now I've got, I've got multiple, I've got a few people that are working in the background for me doing various things like communications and contracts, doing content management and in various forms, obviously they're Bitcoiners, they're, we're going to Bitcoin show and I'm paying them directly in Bitcoin. And then the, the cherry on top was the other day, we had a cleaner come to the house and she's come a few times and she's kind of an independent contractor. And normally she just wants to thank transfer while the other day she's cleaning and she sees all my Bitcoin books sitting on the shelves. She's like, are you, are you like done with some of those books up there? Like have you read them all? I'm like, uh, yeah, I mean, I've read them. She's like, is there any way I can borrow a few of those? And she's snagged three Bitcoin books to take home and that's awesome. Yeah. This is the way I want to do like, I don't know how, but I want to make like one of those free tiny libraries that you see pop up where they have like kids books, you just give one take one. I want to do that with Bitcoin books because like, I have a ton also, like right here on my floor, I have like maybe 10 brains mining books, like I don't need all of them. I could just like give them out. Yeah. Yeah. Sorry. You know, you see those little tiny, uh, like a big giant mailbox with a, with a, like a plastic window, you could just put one out there. Uh, if your neighborhood is, you know, not too bad, you know, just fill it and just put a sign on it, you know, that's yeah, I feel like the Colorado government wouldn't like that all the, all the too much, you get them are locking that gap to unlock. Like a, like a, you know, like a hundred sat, like zap to open kind of thing, it'd be awesome. And of course, unfortunately, that would keep up the no corners. So I suppose that's counterintuitive, but yeah, yeah. I guess it would have to be a quarter quarters or something like that, but it could always spit out on LN URL at the end of it, but yeah, so that's, that's why I'm bullish. That's what I'm excited about is more and more of my, of my life is being directly able to be funded in Bitcoin with no go between with, with no third party. I just live and the people that I live in and around also are beginning to at least dip their toes into that Bitcoin standard. So I'm stoked about it. And I don't know, I'm, I'm just curious in general, I guess, to, to the conversation on this particular topic, you know, what have you guys yourselves seen in your endeavors in and around people adopting Bitcoin, not just as a, like a savings mechanism, but also kind of using it day to day, what have you been seeing as of late? What things have been interesting to you in that now? I'll, I'll jump in here, because this is something that I've been actually working on myself because I always like to say, oil your kill switches better, have them not need them than need them, not have them. And that's just, you know, building a circular economy and, and being able to function comfortably if, you know, doomsday scenario happens and everything goes to hell and back. And part of that was, for me, was also learning how to spin my, spin my Bitcoin. And of course, originally I, I had, I was in this, like, fantasy scenario, like, oh yeah, I'm going to fake my death and then I'll have to kill my coin and call my, like, but then I was like, actually, this is, this is like something good that I would happily still do as a known, alive person. And I, I've been kind of, I got kind of set back whenever I moved across the country because I just didn't have like the community that I did back home. And so any progress that I had made down south whenever I was home was kind of just wiped away. Luckily though, I moved to Denver and found a ton of Bitcoiners and through, through them through Denver bit devs and, and several, you know, conversations over drinks, we founded the space, which didn't mean to do this, but shameless plug for the space. It's a physical Bitcoin hub that we're building here in Denver. And I just kind of thought that it was a cool idea to have like a go-to place for Bitcoiners who want to be there. And we're going to have like a workbench and, and like conference rooms, co-working space, but then. Kind of like a Bitcoin part. Yeah, it was basically kind of founded to kind of rival Bitcoin part, Bitcoin comments. Sorry guys. But when we were at the sounding meeting, when we were at the founding meeting, it was actually really, really cool because a ton of people from all around Colorado, not just Denver, came and they were talking about like what we can do, what they can offer. And there are, or several people just at that meeting that are like, hey, I'm a rancher over and I don't even know where I still don't know anything but Denver in Colorado. But, you know, a direct peer-to-peer beef for, for Bitcoin, I was like, oh, I actually have just shaken one of those guys' hands. Like, that's crazy, like I see people buying beef on Twitter with Bitcoin all the time. Like I actually see that now and I haven't partaken it because his MOQ is a little higher than, you know, my, my budget. But it's really cool to actually see stuff like that happening and it's really encouraging to see sat market. I have a dream that that's going to hopefully happen here one day where, you know, the adoption is wide enough that, hey, we're putting this farmer's market, there's like farmer's markets all the time in Denver, you can't drive down the street and not see a ton of tents set up in a park where people are selling art or selling like cutting boards or food or anything like that. It's like, I want to have one of those that we can put on and comfortably, you know, have it to where people know what to do or at least maybe have like an instant food like, hey, you know what, here is a couple thousand sacks for you to learn about, use and learn about here and stuff like that. So it's definitely a hit or reset for sure whenever I moved, but that minor setback was a major comeback and hopefully, you know, I'm able to, you know, actually participate more now. So I do have my laptop, George, on this time, I thought about that because the same exact scenario is going on, but it is plugged in and we are powered. I am not dying in the real show this time. That's awesome. Yeah, no, I, again, it's really cool to see and I think maybe that move, it's just, it's just brushing you up on the skill set of building up those relationships wherever you are locally, right? Absolutely. And I think that it's a more positive thing than a negative. Of Raj, I'm curious to get your take on some of this because, you know, dealing with like speed, I'm sure, dealing with that, you get a bit of a unique insight to like, it's designed in such a way where it's meant to be very transactional, right? Like lightning is, that's inherent in it. And so I'm sure you see a lot of interesting things happening on that end. But I'm also curious about just like in your own experiences, what you've seen on this front. Oh, yeah. And so it's speed wallet, right? Our focus from the day one has been to make it a spending wallet. It's a hot wallet. You know, it's not some wallet on which you store your like, you know, life savings. You know, this is supposed to be like the hundred, two hundred dollar wallet that you carry around and use to spend, right? That's been the idea. And to make it like really, really easy, straightforward, make sure that the experience is more than the transactions will never fail that had been our goal. So when it comes to like some of the unique trends that I see is, you know, I think we have a pretty good cluster of users in gaming industry now, like people who are actually live streaming the gaming, you know, they do accept the lightning rewards or lightning like tips on their, you know, they'll put the L and URL static QR code. Hopefully we have a bold 12 very soon. So, you know, yeah, that's awesome. Yeah. So that's, that's one area where we are. So Ben, you know, as of today, or I would say like a six months back or a year back, we had a lot of Bitcoin lightning users, but they would be spread off all across the world. And, you know, it was very difficult to find kind of create that economy, right? Well, where do you have like a group of people transacting, you know, with each other using the lightning and they have a reason to do that, right? That cluster is very important and it would stick and we see that happening in the gaming sector. I'm really excited about that. We are trying to reach out to like game streamers and influencers and see if more will be willing to put up the L and URL static QR code and start accepting the lightning payment. We will give them offer that they cannot refuse, you know, it's unique to in that I feel like once they see it, like once a gamer, a gamer is maybe used to being able to like get a tip or something on Twitch, but it's like, it takes some time to get access to that money, whereas like, you know, you accept a tip and then instantly it's like, oh, I can just, I can just like use this right away to buy like a gift card for whatever I need, whatever locally or my favorite stores or something like that, or I can save it or the fact that they can also, if they do want to save it, you know, it can accrue value over time. So it's got this kind of like cool dual purpose and it's so quick. I think it's just unique in that they can move it around very, very simply. I've got to think that there's a reason that these gamers that are used to getting online tips are the ones that see it and try it out are gravitating towards it. Also, on that note, I used to stream on Twitch and Twitch for one is just, it's extremely hard to blow up on like there's, it's, it's, it's almost every big Twitch streamer, there's all almost like some degree of nepotism in there, like amongst the community. And even if you do try to make it from the ground up and you, you do have a little bit of a following and you are able to get donations and tips, though, first of all, like you said, it's a wild garden. So like you have to grind, grind, grind just to get there just to maybe possibly get tips. But then when you do Twitch, anyone that's the middleman, especially Twitch is taking a ton of that stuff. And so like when you have something like zap, zap dot stream, which is an ostrich client for streaming, which I love using, if someone sends me a thousand sets, I get a thousand sets. I don't get, you know, a hundred sets, a hundred sets, that stream gets, gets 900 or something like that. But it's direct to me, ready to go whenever. Yeah. Yeah. Exactly. We're actually on zap dot stream right now. So, you know, we didn't know you were streaming. Yeah. That's all. I've been streaming to Nastr for, I think, all of this year and a good portal last year, I'm trying to remember when I started doing it. But yeah, I just poured it into Restream and it goes there, it goes, it goes up a number of places, but it's, it's very clear with what happened in Nico and simply Bitcoin this past week. And it's happened to me before too, that like we really need to examine, like you can't put all your eggs in one basket. And, you know, ideally, the world needs to shift to platforms where you just can't be taken down, where you actually can build something and feel confident that it's still going to be there the next day, not arbitrarily rug pulled on you. That's just terrifying. I can't imagine how you missed a felt this past week. Yeah. That was crazy. Yeah. I digress, Hottle, I'm curious, your thoughts on kind of the, live in the live walk and the walk and using Bitcoin day to day. What have you seen? What are your experiences? So what I've seen that makes me feel more bullish about Bitcoin in regards to this is I'm seeing more individuals inquire about it in general and also business owners implementing it. I know a couple, like you said, you can get your beef and pay directly in Bitcoin. I know two ranchers who actually started their own websites and started marketing the ability to purchase their products in Bitcoin and these are people that are not directly affiliated with guys like Texas Slim. So it was an independent adoption and to me, that is one of the strongest signals where it's not a any type of convincing involved from somebody in the space already or anything like that, it's just them being curious and actually doing the legwork to figure out what exactly this is and why it is important. And that tells me that more people are actually starting to wake up and understand what is happening around them in regards to the economic state of the world as a whole. So, to me, seeing that is very exciting, I'll say. And then, as I said a moment ago, I am experiencing more inquiries about it just in general. Like I have a shirt that says off-grid Bitcoin mining and constantly I get people coming up to me now saying, "How does that work if you're off-grid?" And then these questions that I get are unlike questions I ever got before. I never had people approaching me publicly and just inquiring about these things in general. So it tells me that people are starting to wake up and see the sats for what they're worth and I think that's extremely bullish, whereas, you know, over the last... So I've been doing this for the better half of a decade now off-grid and other situations and from where I started to where the inquiries that were in the beginning which were virtually non-existent to where things are now and how frequently I'm getting them, I think that it's a sign that we're starting to pick up in regards to the adoption S-curve. Yeah. Yeah. Again, as more and more people recognize the... It's a weird gradual process, but as more and more people recognize the value of Bitcoin and get curious and learn, one, they'll first obtain some, but because they still have fiat, they'll maybe just save the Bitcoin, but as they get more and more, they'll maybe start trying to use it here and there. And eventually you get to a place where you begin to have less and less fiat and so you now need to use the Bitcoin. And on the inverse of that, the people that also recognize the value of the Bitcoin are going to want to accept Bitcoin themselves and they're going to incentivize people to. I was going to say just add one more thing is that another thing that makes me pretty bullish on Bitcoin is what Mr. Patel here is doing with the speed wallet, giving the ability to swap sets for stablecoins, there's a lot of people out there who are concerned about the volatility of Bitcoin in general, just because they haven't been involved long enough to understand its actual nature and that price discovery is going to be something that is long and drawn out. And so seeing implementations like that get me excited as well because now you have individuals who may have been kind of weary of getting into this and this being like he has a stable coin connection and swap ability on his wallet, I believe this gives people the ability to kind of go back and forth seamlessly and quickly without them actually having to do a whole bunch of other steps and they can do it in smaller denominations and so if they do get scared, they can just step over to there real quick and then if they're starting to feel better about it then they can step back into the orange. So I think that things like that are a good way to spread awareness. We were in the chat a little bit over the last 48 hours and I was making the statement about stablecoins being USD 2.0 and it's kind of a shit coin in itself but I do understand that the actual ability for people to move back and forth seamlessly when they get anxious about what's happening is a plus overall. He agreed with me himself that as time progresses these things will fall to the wayside as more people start to understand Bitcoin but it offers them the ability to kind of take a step back and then one step back and then two steps forward in an easier way that may be less intimidating than what people are used to. Couldn't have been said better. Can I add something? If we look at the rest of the world, most of the people have always looked at their currency always in the reference of US dollar. If I look back when I was in India, Indian rupee was worth how many dollars it was worth for me so it's super easy for me to understand US dollar Bitcoin is a little bit required education and like some more sophisticated or technical user or somebody who is plugged into the internet to really take a step into it but going into the US dollar is super easy like converting somebody and bringing them on and if we can do that on the lightning network itself with the Bitcoin rails underneath it, then they are just a step away from Bitcoin there is easy interoperability, they can swap in and out, that's what we're trying to do and I mean just the very active because naturally what happens obviously as many people have experienced themselves over their Bitcoin journey is some people they get worried or they try to time things and typically those things happen when at the most extreme end of the price movement and so like oh Bitcoin's dropping, I better like go to safety of US dollar while it's dropping and then inevitably what happens like you're doing that in and around a lower range and then inevitably of course Bitcoin is going to accrue value over time and you end up realizing like oh I think it's more just I need to get a hold of my own emotions around this stuff and like if I'm just want to hold on to some Bitcoin for a while then it's better to just take my hands off the wheel there and just let this thing be a little wonky because we know that in the long run you know it's it's it's there to preserve the fruit of your labor so the irony of finding safety in USD against Bitcoin is that that's going to end up that at least for me I earlier on in my journey I was like oh Bitcoin's dropping I better you know sell it all for USD until you know I feel a little better and it's going up and then I'm like oh okay well now I've actually lost technically some Bitcoin because I tried timing the market and then same thing happened same thing happened same thing happened end up with just like little to no Bitcoin versus what I started with and I was like huh I wonder what would happen if I just kept it on Bitcoin but I also do understand too the I learned about this with one of my one of my Indian friends who created they changed the name and I can't remember what it is now but he was from India and moved to the US and was basically trying to create some sort of money transfer system on Bitcoin and lightning rails and it ended up being a really cool product and I'm really upset that I came to the name but like you can text basically all you needed in India on the receiving side was a phone to receive and anyone from all over the world could send USD to India via Bitcoin and lightning rails and I was like that just sounds like a lot of extra steps but then I realized okay I was born into the US dollar I grew up using the US dollar I got a degree in the US dollar I have a baby in finance I know it's crazy and so the only thing that I know is the US dollar I do know that it is inherently bad I guess when you look at standard it's like okay Bitcoin is the better US dollar not I don't want to compare you that came out wrong but it's like that's the step that's the next step when ever Bitcoin is the better US dollar hold on hold on can I get that quoted thank you I realized after talking to him and also learning about Zimbabwe Argentina and hyperinflation over there their refuge was the US dollar because it was the better currency than what they were using and it's like they they've always been exposed to US dollar not not necessarily directly but in some capacity because of how you know borrowing trading works everything like that they're not automatically going to just be like oh our currency's dying let's skip over the US dollar because that's probably bad too and go to the next best you know there's a layer of learning there and I've also seen that in my studies with developing nations in Africa and how they they honestly in some degrees they prefer stablecoins for transactions and not necessarily the preservation of wealth is not the forefront of their mind it is transacting and making sure that they are able to it is it is preservation of wealth is there but it's not okay how can I use Bitcoin to preserve my wealth it's going to go up into the right forever that's like 25 steps ahead of where they are because they have not they've just not been exposed directly to the US dollar their entire life and that's kind of their escape so to speak when they face hyperinflation yeah well I think on on this topic in general we're seeing a lot of great things in and around people again recognize the value recognizing the value of Bitcoin but in various different ways and and beginning to integrate it either as a payment rail or as you know a mechanism for receiving tips or again as as I am and others that I'm seeing accepting Bitcoin or using it day-to-day to obtain the things that they need and and I just love that trend and so yeah I'm glad we could chat on that I know this this topic we went down some rabbit holes here but I want to do rotation so put a bow on this one and we're gonna we're gonna jump to the next topic and Raj I'm gonna toss it to you I'm gonna queue you up with the same question everybody gets why are you bullish? Okay I think about it okay so we're probably about two months from the presidential election right and if you look at both the candidates right now obviously like if Trump gets reelected he made a commitment at a Bitcoin Nashville to have more friendly regulations and you know have a Bitcoin as a national strategic asset and all that so I think I expect him or his administration to be more favorable and let's say if we have Kamala Harris right I mean if she gets elected I mean we might think that it would somehow turn out to be unfavorable but I believe that it'll be even more favorable you know she is going to create a massive fiscal expansions you know with yeah what $25,000 housing credits $6,000 chime credits and you recently saw this I mean I could not even believe myself when I saw that news California Senate approving $150,000 for first-time house buyers undocumented immigrants for a down payment I mean that's so insane I could not even believe myself and I think you know if she comes that will probably expand so yeah I mean we're going to see billions and billions of getting printed again and I think that's going to be a very positive sort of Bitcoin as well so I'm very bullish I love I love whoever the next president is is good for Bitcoin I love yeah if it's good for Bitcoin it's good for Bitcoin if it's a bad nominee it's still great for I love that the silver lining you painted around a horrible administration is blinding this dark cloud is going to grow so many flowers after it pours rain but it's true though it's it's there's there's a bunch of a bunch of dudes on Twitter they're all all about like just accelerate just like rip the bandaid off get the bad policies through so that people can actually migrate the thing that will save them from those bad policies quicker right and they're reasoning for that is like well if you're in a bad relationship with somebody or a friend of yours was in a bad relationship and they were like emotionally abusive and screaming at each other all the time and then you know there's no there's no chance it's going to work out whatsoever it's it hasn't it hasn't been a good relationship for ages would you want that person to drag it out forever and ever and ever or would you want them to just just call it quits is break up let's have a fresh start and begin rebuilding our lives and so that's that's kind of their stance is like yeah give me the admin that's going to just pump the trillions and trillions out that money printer and and make people realize how necessary Bitcoin is yeah I know I'm curious between hodl and and tatum here you know how they stand like obviously like never never trust a politician but I guess in this framing you don't really need to yeah I I don't really care about what regulations they want to implement or divorcee I'm just going to keep doing what I'm doing in a building it anyway yeah 100% and I mean it's great for those that already are are you know those of us that that have already been living that forms life hopefully spurs more into doing it but tatum it looked like you had something to say that too I I have a lot to say and I'm not I don't know if I should say but like my history with my history of politics is like I used to be very into politics from a national level all the way to a local level and then I slowly started realizing even before getting you know sucked into the Bitcoin culture thanks guys again I can't leave now but even before then and more so after I started I got orange build and did more research and felt just everything within the government federal spending XYZ I slowly then very quickly started realizing oh especially on a national level it does not matter what I choose someone is already basically chosen to win and it does not matter what they say because they're just going to do whatever they want and we've seen that too many times and I think it's awesome that Trump is pandering to Bitcoiners and I think it's awesome that Kamala is starting to come around to crypto and and I think it's awesome that RFK has been such a big proponent but at the end of the day they're all still politicians at the end of the day Trump has already watched four NFT projects with the literal promise of future gains which that sounds like an unregistered security uh nevermind um at the end of the day RFK went to a card that said that Charles Hoskinson is a crypto guru he also went to an Ethereum conference right here in Denver Colorado said that he was buying Ethereum at the end of the day Kamala is still Kamala I hate politicians no one's going to save me I know that Bitcoin is permissionless and I know how to use it without them so I'm just going to keep going and I know that I'm still going to face repercussions for whatever the administration uh whatever decisions they make because I live in America but that's one thing that I came to draw is my Bitcoin and my node and my relays and myself sovereign server so sorry I I went off put these there for a table yeah I had a friend watching um I sent the link in a group chat and he said is he loading a mag on camera I was like yes normal normal stuff here am I in I love it yeah I mean again there's there's no good it is hilarious like the the NFT like the four is that the fourth one yeah that's I think I think it is the fourth one yep oh lord I yeah it's it is what it is I mean like it's it's not out of character right exactly yeah yeah said the truth yeah but yeah hey it is what it is and again at the end of the day where the Bitcoiners that know what's up can just continue live in their lives um the state can continue to bankrupt itself um and and try to print paper over the losses until that no longer works and uh and and we'll still be standing as that as that whole house of cards falls down so there you go we'll say though I will say that wouldn't even like meet disagreeing with Raj that was just my uh ceilings coming out but while I do dislike politicians um I do agree with Raj that either one will end up being a good thing from bitcoin whether it hurts for a little while or the band-aid is ripped off but so yeah it's just to wrap that up and uh bring it back to the point yeah yeah it's basically just giving us one will give us a little bit more runway to build some stuff the other one will be like all right let's uh let's do this thing let's go um yeah no that's awesome cool well um I'm gonna unless there's any anything else that anybody felt felt like this they missed I'll put a ball on that one so am I good to go on that or unless anybody had any last second thing okay yeah exactly cool so I'm gonna awesome thank you for that Raj um I'm gonna put a ball on that topic we are gonna come up and we're gonna do a another rotation here uh but before we do uh I'm gonna do a shout out to our final sponsors as well and we're also going to give away some sass so everybody that's watching get out your lightning wallets tandem you can't have them uh and uh get out your lightning wallets and uh be ready to scan the QR code that's going to be up on the screen after the break we will see you momentarily see you guys soon coinkite.com has some of the best hardware on the market today to secure your bitcoin the cold card queue is an absolute powerhouse and is my daily driver not top of this they have plenty of other goodies including the mark four the tab signer open dimes the block clock and much more if you head over to their website make sure you use code BTC sessions at checkout to get a nice discount links are in the show notes down below keeper is a mobile bitcoin application for managing and securing your funds for the long term you can set up hot wallets for day-to-day spending or create digital vaults for deep cold storage they also offer assisted multi-sig options as well as inheritance planning and on top of that keeper boasts a long list of support for bitcoin hardware longer than i've seen for any other mobile application you can check them out today by searching bitcoin keeper in your app store or heading to bitcoinkeeper.app when it comes to peer-to-peer trading and lending instant self custody and no KYC puddle-huddle is the place to be you can sign up with just an email address and once you're there you can start browsing offers immediately whether you're looking to buy and sell or whether you're looking to lend or borrow you can check them out today at the links down below all right we are back in and we're going to be giving away some sats and then dive into our next topic here anybody that's been watching the show last few months here you're familiar we're on the bitcoin well dashboard of course they're placed in Canada and the US you can get your bitcoin but we are going to be throwing a coin in the bitcoin wishing well and uh and you're going to have the chance to win somewhere between 500 and potentially a million sats and all you need is a lightning wallet with ln URL enabled you can scan the qr whoever gets it first gets it so there's one winner and uh and yeah so we're going to go ahead and do that now so i'm going to play now or redeem i'm going to enlarge this a little bit on the screen so it's easier to scan for you guys but off it goes there's 500 sats for whoever scans it first i will leave it up got it but uh whoever does get it drop a note in the chat let me know or a tweet or a nozzle or wherever you are uh and uh yeah let me know if you snagged them but uh congrats to whoever does and uh we are going to be right back in here so awesome yeah i got it oh man that's awesome the chat is way too slow you guys look at that a guest a guest rug pulled you you guys that's hilarious fantastic speaks to the name speed wallet yeah oh man that well i mean that was perfect uh awesome well we're going to dive into the next topic tatum i'm looking straight at you and i'm going to ask you the same question why are you bullish all right so this is virtually the same answer that i have given every time i've been on the show but it changes why every time but i am bullish on pleb miners and that is coming from there we go yeah i knew right i just took the words right out of my mouth oh that is coming from uh basically a lot of a lot of um a lot of learning that i've done on mining in general but also mining on a larger scale a lot of learning i've done there and also uh one of my main crew sage right now uh in how tarantula has also talked about this too but centralization of mining in block template generation um and i originally you know that when you when you think about decentralization there's really there's really two ways of looking at it physical and digital decentralization physical decentralization is when you know you have someone that you have miners all over the world people plug in space heater s nines or bid axes or uh pollows anything like that um making sure that there's always still going to be someone mining in case you know the government says no more of this or you know massive storm wipes out 300 megawatts or something like that um but then on the more scary side uh is digital decentralization where um the block templates are basically just being white labeled by one insti bit name and it's it's like uh it's our plug it's cool there there's like a there's an analogy somewhere there but i don't know because like bit bitcoin mining is where it is because of bit main but also it is being held at gunpoint because of bit main as well um and so it's like okay i can you know plug in an s nine in my apartment i can plug in a bit axe or what actually bit x is a little bit different but like you know oh i can you know convert my shed outside to have you know 10 s 19 j pros or something like that but if i'm hashing to a pool that's just been white labeled by bit main and i'm still abiding by their block templates then i'm actually uh not helping the problem as well um but doing a lot of research on solo pool and uh ocean and uh bit axe and all of these little bitty in the grand scheme of things relatively speaking to like bit main little bitty projects are going to end up snowballing working together and gonna basically save the security of bitcoin mining itself because bitcoin miners aren't there's no the same basic here the network and to a degree that is true to a degree it's not exactly depends on how you look at it but it when you are almost aiding in a 51 percent attack that's just sitting dormant that you're actually that bitcoin miners are the weak link in the security of of the network um because reorgs could happen which i think that's a little more unlikely but the main thing censorship you're you you could be you know whoever higher up could call mr bit main and say hey i don't want this address it's one of my addresses to have any any transactions and they block that address from having any transactions in their blocks and then i'm censored by everyone who is knowing or unknowingly uh aiding in uh those those templates being pushed out but there's also now ways where like say that did happen and you know one of all the pools that bit main that main's templates are are being propagated in won't ever pick up that transaction my transactional sit in the mempool and there will be a pool that will pick it up it may be a little longer it may not be next block but now we're at a point where okay we know there are some people who are running miners who are actively putting their footprint in the hashrate ii ocean for instance that you can see what templates are being built that what what templates are being hash torts um and you can know that my transaction if anyone ocean's going to pick that one up because i know that ocean has it in in their mempool um so all over the the realm of physical digital decentralization i i am bullish on pleb miners and also just hold in chat ones that are hash by 20 by the end of 2024 i promise you that's going to happen i have some sats on the line with had a move not string data but i am bullish because when one one domino falls they all fall except for the pledge because those aren't in the domino line yeah that's yeah i agree i like the two things that you mentioned i have both of them directly behind me this is like my s9 miner uh for my space heater over here and uh actually right above it is the the nerd axe that i did a video on recently um i do have like an m30 plus but again like it's it's just currently i don't have a use for the heat that would like even begin to make sense with my power costs uh to use it so um you know it's just running outside yeah those things are running a puddle then that what's miners it will be smoked yeah um well maybe maybe uh uh tarantula i'll let i'll let you tag onto this topic first uh before i give any general thoughts there but uh so uh tatum is absolutely a hundred percent correct um uh i have been talking about uh the Achilles heel in regards to bitcoin mining being at the pool level and it being a bottleneck and it being the perfect kind of target for legislative action is that's kind of like what he's talking about when you get into black listing and white listing addresses um and so to see more people come out of the woodwork and start building like ocean and demand pool um like even i myself am undertaking the task of establishing a pool um it it makes me more bullish on the future in regards to um what's going on out there with bitcoin uh because right now all the pools are proxies for founder year ampoule and it's really uh disconcerting to individuals who understand the nature of how this actually works from a nuts and bolts perspective and the direction with which it could go and how easily it could happen considering most of those entities that are uh established with these proxy pools and and the bitcoin ampoule and the founder themselves um you know they operate uh under a board of directors essentially and they're fiat incentive driven and so i i worry about the the way that they make decisions um if something's going to come along and and put pressure on them someone or some entity that you know there's not a lot of doubt in my mind that they'll bend the knee pretty quickly in in regards to be so that they can maintain what they're that what they've established and what they're doing and so i'm really happy to hear tatum bring this up um it was uh i mean this is a topic that me and him we can go on for a long time about this but it's it's extremely important and it is uh absolutely necessary that that this starts to spread the awareness and individuals being willing to take on the risk of operating a pool independently because to me personally you know it if it doesn't happen it's not that it's only a matter of time before bitcoin is captured at that level it kind of already is from a corporatocracy standpoint so the bottleneck needs to be broken and seeing all the different individuals out there like public pool and demand and other players trying to come into the game that makes me happy it kind of warms my heart yeah 100 percent um now i'm curious uh i don't know like a lot of people myself included were very um uh like mining to me was very foreign it was like my major blind spot for ages and i'd say it's still not at all like anywhere close to one of my strong suits i'm like moderately familiar with certain things and like mostly from the pleb minor perspective um i'm curious Raj if if you've had any experience even like little home devices or like or if you know uh of other people mining in another capacity or maybe yourself like where are you at when it comes to bitcoin mining oh well back in 2017 i did set up a mining rig uh and yeah that was about it yeah it's uh do you know what we have no i don't remember but i think it was a end minor minor from bitcoin yeah fair enough fair enough well i mean hopefully we see with again as as tatum is mentioning hopefully we uh if we see the return of of people um you know getting their hands dirty and starting to play and learn um again like if if people watching this are curious about like some some low cost just like learning devices to to kind of get yourself going again like um like bitaxe.org can you know walk you through a number of different things just to just to kind of show you um what's involved in general and like i don't expect to be uh uh making sats hand over fist here like this this is very much like a a learning activity and it's definitely a hobbyist activity for sure yeah yeah and and you can think of it as um maybe like a forever lottery ticket like it's very unlikely that you're going to uh make any money or anything but if you can fill a mine and then that's your lottery ticket in in lieu of if you're a all of somebody who does buy lottery tickets kick that habit get yourself a bitaxe or a nerd axe which um like these uh i ended up getting mine when i was at uh BTC prog uh but you know i think maybe like 180 190 bucks or something like that for for one of these things um and then you can just kind of leave it humming away and uh maybe one day you'll luck out and you'll you'll hit a block and all of a sudden you're under two hundred dollar devices just uh gifted you a couple hundred grand or something like that like yeah and that just happened like what a month ago month and a half ago something yeah it was it was fairly recent i think it happened yesterday as well right i think there was there's one uh yeah it did happen last couple of days as well really i think i read somewhere yeah i think so yeah that's fantastic well yeah you should uh again something like this is great um uh like the the you'll never you're never going to win the lottery lottery ticket is like the nerd minor that is for sure just like playing and and dessa i got one of those ticking away and it's more of a conversation piece that i have sitting out in the living room so somebody come over and be like what is that little thing and i can tell them um but in the the same realm is like the nerd axe bit axe type thing um you know you've got things like uh the future bit which is a little bit more of like a sleek nice looking thing you can have kicking around and it has a dual phone i love future bits yeah and that you can run a node with it too like you know and and you can link wallets to that node and everything so it's like a it it it it goes beyond just the the mining part of it so you can you know more justify getting a fancier device um and then brains has their um uh little uh big uh bitcoin mini minor uh as well um i haven't played with it myself i do have a future bit on the way that i'm gonna play with but uh hopefully i get my hands on one of these and learn a little bit uh further but like i mean these are all promising things i think it makes things a little bit more accessible and i i think i like future bits approach where they they dual purpose it where you have like some functionality out of using a node and then it's also a little bit of a minor it's almost like the uh we're we're moving back to the the start of bitcoin where a wallet was a minor was a node like it was all kind of one thing before we put those out it's like we're revisiting that um to to maintain uh decentralization which is hilarious to to go full circle like that and i think that the i think that that paired with it's like direct competition with um i don't want to call them bad actors because they're not it they're like what i'm talking about basically is like pubco's for instance um how tarantula did had a debate in um vegas at uncomfortable last year between public and private mining and it was one of the greatest absolute greatest uh presentations i've ever seen um would encourage everyone to go back and watch that but um pubco's are very it's super interesting to think about publicly traded mining companies because what um i think it was been agnon said at that debate was that when a company goes public they effectively turn into a whatever industry they are they turn into a profit company and their main goal regardless is to increase their shareholders value and when you're a mining company and a large portion of your revenue is mining in mining rewards the that's not they don't care about the ethos and the decentralization they care about the profitability of whatever pool has the history of giving you x amount over this time yada yada with your hashrate or whatever and yeah you can change the pool whatever whenever you want and they don't care they're going to change it whenever it's beneficial to them to whatever pool that they're able to go to and it's like a double edged sword really with bitcoin because it is permissionless but that's also kind of enabling the the problem that we're seeing here um but at the same time publicly traded mining companies expanding growing is also kind of in a roundabout way causing plebs and they're small scale mining to expand and grow and if both sides if both sides are growing then that's the entire network that is like forcing itself to to grow so just a big expansion which i think is in the end a good thing but it doesn't come without you know holdups and speed bumps and things like that yeah i tell you'll be happy to know i'm working on a uh model right now that is absolutely going to wreck anybody pubco large and on a grid it's uh it's kind of a hybrid setup type of uh build out in regards to a data center but essentially um utilizing a small fraction of the power from the data center let's call it five percent um with the specific application of certain type of tech stack i can offset the cost of the other 95 of the operation to the extent that you can put any ASIC in there indefinitely regardless of network difficulty level and it will still you will still be able to keep all that bitcoin from that and remain solvent under any circumstances interesting hmm i'm um we're we'll have to hear more maybe this will be the the reason i need to talk after this well like you could put s9s in there right now and run them all at 10 cents a kilowatt hour and still remain solvent with what i'm trying to build right now damn awesome well that that's uh maybe this will be a subsequent topic for another episode i suppose but uh it hodl i want to keep it with you um because i'm gonna i'm gonna i'll tell you what she said but yeah i'm gonna put a bow on tane of the stuff like but i'm gonna funnel directly into your topic i'll key you over the same question why are you bullish excited to hear it um well um it kind of is uh in line with what tatum said uh pleb miners uh every year i see more of them implementing s9s and m20s and m30s for heaters i see people that i've never seen before in the space you know buying a6 and deploying them for other purposes just besides you know mining like give you heating a water heater heating down to koozie um creating heat for their house uh it's uh application is um of this is on the rise and that just you know further decentralizes our hashrate and then we have you know the guys like uh at bitx that are putting out what would appear to be like a hobbyist type of uh device but these things have proven that they can hit a block recently so um they're that's going to drive adoption of these types of things for people who aren't having access to 240 volts power and they want to be involved they want to learn and seeing more people putting together devices like this and marketing them makes me extremely bullish and it makes me really happy to because the the individuals out there who are you know that are doing this that are um that are buying them they're actually you know a lot of them don't necessarily know anything about mining um and you know this gives them a cost efficient way to learn about how these things work in regards to our network and bitcoin as a whole and so I feel that the more education and knowledge that's out there and the more people that are involved in obtaining that it's it's just overall better for the entirety of bitcoin and so it's these recent developments and you know the people that are grinding to get this type of uh these type of products out there and seeing so many people um just go out and jump on top of them like these bit access sell out like that so they can't keep they can't make enough of them fast enough and so I uh in the beginning of the year said that we would hit azeta hash by the end of the year so I should have jumped in on that bet with you and Adam uh but I never had a doubt in my mind that that would happen but seeing things like this and seeing more people becoming all um from different levels just it makes me so much more bullish well I love that and it again to the to the like say bit acts um like these types of products it makes it so that you know before it would be like okay well all you know somebody just takes a literal s9 and just like adds some different fans and then shoves it in a 3d printed case but these are different right like this is taking like and like taking a large but relatively newer efficient asic and taking those chips and and like creating a smaller device that is still equally efficient but using less power that that enables these things to be able to sometimes hit a block right and so that's a whole different ballgame than just like cramming a large previously expensive asic into an enclosure right yeah and I think they use different chips across that's what I got a little lost whenever they started coming out with newer models but you know I think I want to say that I heard they were using um dang it I don't even know now but it it was at least a JPro chip the last time I heard of but I need to look at what their newest newest ones yeah they got a brand new one that just I don't even know if you can get it yet I was gonna say um I have a report to make on the original BitX that ran the s17 chip I have had that thing on forever now and it still operates so just want to give some accolades to the guys over there who are building because they build an efficient you know strong device and I respect that highly because I mean as a what's my inner maximalist I'm all about quality in regards to my asics and the way that they have put together this it you know it's good quality and the fact that I got one that is running an s17 chip set in it uh it's testament to how well they've designed and and put out this device uh because um the s17 was the worst thing that Bitmain has ever produced and even worse than the xp come on man I mean 60% of your fleet would fail after like four months with the s17 um so and if like they would just constantly find ways to not warranty anything so like so many people went insolvent because of the t-s17 and the s17 but uh but yeah I have one with what I have one of their original designs and it still runs like it's never been on it's just goes so kudos to those guys also I wanted to say that the chip that I I was thinking about saying was from the s21 but I was like oh no that's what I thought no but I read the one that they just announced uh like the super 10 days ago s21 pro so they're they're making a bit with bm 1370s at one to 1.2 terra ash that's crazy jewel for terra ash yeah yeah 15 15 uh 15 years which is on scale that is insane efficiency that's great oh yeah now I want one it's not worth it wrap on my desk here it's it's uh I need the newest I need the greatest so as you should yeah well that's awesome um I I guess my my only question to you uh trentula is um if if you were to encounter a bick one or they've pretty much like they've they've only ever just kind of obtained used you know they've got bick one wall it's things like that but they've they've not set foot in the mining space yet is is there kind of a default thing that you would say to to get them to dip their toes in like for this this kind of blood mining stuff or does it kind of depend on the person like what's your response there well um I tried to figure out the like who my audience is when it comes to somebody asking me uh I asked like them what is you know you're motive for this right and then once I figure out that then I'll kind of advise based on that motive so if it's um profitability um then I tell them that you know you're gonna have to become extremely creative and you're gonna have to learn how to do different things with this asic that may be outside the norm of just plugging it in and letting it go uh depending on what their power rate is because if offset cost of uh operations and power uh for implementing an asic for an alternative purpose is money saved there and that's sat safe there and so then if it's not just about profit then I'll tell them you know if you're trying to learn asics and prepare and about this in general then I'll send them over to one of my vendors and say buy this asic you tell them that you'll take it used or even just buy a broken a couple broken ones and then learn how to fix it yourself and then like that's the main way to actually level up your skill in regards to Bitcoin mining is to take somebody else's loss that they weren't able to do it and you build it yourself back from that and uh I've seen more people become successful with their mining endeavors by you know just buying something that's either broken already uh and then learning how to fix it or basically I'll tell them to you know just buy something that's used in works and don't be concerned if you break it you know because you just it's already used you might get it for two dollars a terra hash and so it's now going to be you know a big loss or anything in fact the knowledge that you'll gain through that experience is going to be more valuable than your investment was into the actual equipment and so that's kind of how I lead people when it comes to how they want to get involved and what they want to know I couldn't agree with that more because crazy enough the the pill that I took to send me down this crazy rabbit hole of Bitcoin mining was searching for cheap asic miners for between two asics and I ended up finding two s7s on ebay which s7 I think is two or four terra hash I want to say yep and because like I literally just need something to look like it I wouldn't go to like you know get an actual spend a couple hundred dollars and you just need a large exactly I sell two of these things for 40 bucks the guy was like hey I'll attend 10 extra dollars I'll throw in a third one I was like nah he's like all right I'll do it anyway so I had three s7s and I'm like I kind of want to figure out like how this works and just started tinkering started playing around with it and that literally like all it all you had I had to do was get my hands on an asic miner and if anyone ever wants to learn about mining that is my main thing that I always say is just get your hands on something whether it is I wouldn't recommend you know getting a brand new miner to learn about it go on ebay find some scrap for under 50 bucks you can still do that and yeah then next thing you know you're going to try to figure out how to get 240 volt into your apartment and you know yeah no one's going to use it for noise and stuff or they'll shut your electric off because they're seeing the meter spin and the electricity is included in the apartment and now you've raised some serious questions why is the panel off on your electric panel what's going on here what is that there quick one last quick quick note on that last year uh my first winner in Denver I I figured out that my rent was all inclusive and so I was like of course I'm going to figure out how many go when 10 miners I can put it I was plugging in all my s9s I plugged in a B9 I plugged in a B9 it ran it profitably and um and then we got an email that said uh hey we're going to investigate this massive spike in electricity uh in we might have to increase rent next month if we don't come to resolution I was like I'm just going to push all this under my bed yeah I have no idea what's happening there that's crazy yeah you know I did I was going to say what you do is you you set up uh direct circuits wired directly into the split pole breaker the dual pole breaker and then you just remove the panel completely and then you just you know slot the breakers individually down the panel and then whenever like you said when they come there's like it's just wrap it up and toss it under the bed and you can usually expand those panels uh you just have to make sure that you're conscious of the load itself and in the size of the panel because you might have 20 or 15 breakers in that panel in this like you might have a few more slots for more but the way they build electrical panels all those breakers aren't consuming at one time so if you actually know what you're doing in regards to electricity I would if I was yeah you want to be understanding what you're doing here or else you could very easily end up smoking yourself right out of your boots um but um or consult with somebody who you know and trust verifiably can't trust who's an electrician to guide you through how to set something up like this there's a lot of stats that can be had for virtually no cost that's awesome all right well gents um conscious of time I'm uh gonna start rounding out the show here but there's a thing that I like to do at the end of every show really really really simple um I like to just go go round robin one last time and just quickly ask uh each person for any final thoughts that they want to get off their chest like a kind of like a takeaway from the show and then more importantly perhaps a recommendation and that recommendation can take really any form maybe it's a good book that you read maybe it is an an app or a device that you played with maybe it is a life lesson that you've learned just in general anything that you think might be helpful uh in somebody's bitcoin journey a movie a blog post you saw anything um so I'll I'll let you guys do with that for a second well well I do mine um so my my general I suppose take away or or um main main thing that I want to pull from the show is uh is is people stepping outside of their comfort zones I suppose because you know that that comes in um with the mining but it also comes in with the idea of of beginning to use bitcoin uh differently than maybe you have before um and and so I guess this kind of plays across all of them but um you should always be trying to grow as a bitcoiner like try or try not to stand still a lot of us will get to a point we know are few things that we know feel pretty good about that because those were big hurdles to get over but then once you're comfortable and you set up you don't do anything new you don't you don't progress and so try and try to get yourself unstuck from that point and choose an aspect of bitcoin that is new to you that you can excel in and maybe this is like upping your security game just around your stack maybe this is beginning to use it in a more day-to-day manner um and like seeking out merchants or becoming a merchant accepting bitcoin yourself uh or maybe it's some of this pleb mining stuff that we're talking about or maybe it's something like it run a node um whatever it may be just don't don't sit there um and be sedentary uh go out learn and level up because it's always gratifying when you do uh and it's learning yes exactly exactly and in terms of uh recommendation um i'm going to uh say uh just on the topic of the the pleb miner things um the the nerd axe that i got over here was a lot of fun to set up i did do a video on it so if you want to uh uh try one of those out check check them out um and the other one is the tiny tiny one that's uh really cheap is the nerd miner and also a great learning tool just to kind of like tinker and and see how it works uh definitely worth uh uh peekinette so those are fun because they run on wi-fi too yes exactly yeah that that makes them pretty simple so um yeah with that i'll toss it over to raj first um any final thoughts takeaways that that you wanted to reiterate um and if you have a recommendation that'd be awesome too yeah thanks uh Ben i think it was really great to learn more about solo mining plan mining really excited about that um one thing that i would like to share which you know i kind of have more conviction about is um is that we may not repeat exactly the same uh Bitcoin you know cycle of you know it quickly pumping up and then you know crashing down eighty percent uh maybe not this time uh yeah i believe all the ctf and financialization more liquidity and people being able to speculate on the derivatives instead of you know kind of you know buying it directly would uh help uh tapper the pump and will provide a cushion or a bottom to the crash and we might see more gradual and sustained you know friend of bitcoin with lower volatility overall so really looking forward to that um and uh yeah i would say uh in terms of recommendation the the broken mini book by lien Alden yes i definitely strongly recommend that awesome book yeah i got it up on my shelf where you can't quite see it but i'm honestly really shocked that he didn't say i recommend speed wallet you know and the volatility is part of the fun sir raj recommends you're fast or taking those sats like i'm otherwise he recommends being ready with your speed wallet whenever there's a giveaway that was all i respect the hell out of that raj i love the like pleasant sound that played as they were snapped away i do i do like the sounds of wall that's great um awesome well thank you for that raj i appreciate it and uh tatum i'll toss it to you next uh any final thoughts take ways and and a recommendation you got one yeah so i'll go ahead and preface what i say with this i'm a comedian i make jokes all the time and i talk in satire so think about that whenever you know i say things so the first or the first thing i'll say is sacrifice convenience until you then you're not free the second is oil oil your kill switches it's better to have them and not need them than you not have it and then my recommendation is uh comes from a lyric in a song one of my favorite songs by kevin gates it goes i got two phones one for everyday activities in one case i need to pick my death um so that's my recommendation uh and remember i'm just comedian silly um but also another recommendation that's a little more serious thing is to like i said go on ebay and find an asic miner for under 50 bucks that you know even if it's just for parts do it and and actually get it in your hands take it apart see if you can put it back together uh because that that will unlock so much um potential that you may not have know that you have like when before i started into mining i honestly kind of wanted to push it away because it was just like super confusing i saw people like ht i'm like i can never be him um and i went down the rabbit hole and realized i don't want to do anything else with with bitcoin so uh it's also just a good skill set down that's all i love it uh ht i'm going to toss it to you then final thoughts recommendations is all you um final thoughts is that um have to see how things are progressing in regards to mining um and the recommendation is like tatum said go ahead and get an asic and then find a way to offset your costs don't be a cuck to just profits only like pockos and know just know that the obstacle is the way i love it hey winners coming up baby winners coming up awesome well gentlemen thank you so much for joining me on this show it was a blast at a lot of fun every that's watching make sure you check down below give these gentlemen a follow to see what they're up to um and uh i'll just leave you guys by saying you're all welcome back anytime thank you sir thanks for having us been cheers all right and everybody watching thank you for being here um of course again follow everybody that was on the show they are down below and you can check them out there um do those other great things like subscribe share they'll help the show you want to help out the show as well previously mentioned sponsors are down below um and the last thing i'll toss out there is if you've been checking through the channel doing the tutorials and everything and uh you're you're leveling up but you've hit kind of a block uh and you're trying to learn more but there's there's something that you can't quite get around um be sure to reach out to my team over at bitcoin mentor.io we've aggregated an incredible team of educators that are waiting there to help you through anything whether it be as simple as wallets to hardware to multi-sig to lightning to running a node home mining like we discussed all those great things you can reach out again bitcoin mentor.io you can have a free 15 minute call to chat about what you might be looking to learn about and then if it sounds right for you then you can go ahead and book your first session anyways with that i am out have yourselves a wonderful day or evening and i'll see you guys next time for your daily session huddle get bitcoin! you [BLANK_AUDIO]