Are we about to break $100,000? Why is Trump so angry about BRICS countries talking about using something besides USD for trade? And most importantly, what is Microsoft going to do about Bitcoin?
Bitcoin Price at Time of Recording
December 4th, 2024: 96,810 USD | 90,889 EUR
Block Height at Time of Recording
873,253
News and notes
Microsoft Bitcoin Strategy - A Presentation by Michael Saylor - Youtube
Seedsigner Telegram Group
Volato Patents Mining Bitcoin (in the air!)
Coinbase Asks Users to Stop Using VPNs and Ad Blockers
Update to the tweets..
Software Updates
Tails v6.10
Saving Satoshi
Kibo v0.5.0
Alby Go v1.7.2
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
Ethernight Club by Kevin MacLeod
Link: https://filmmusic.io/song/7612-ethernight-club
License: https://filmmusic.io/standard-license
Website
https://satoshis-plebs.com
Podcasting 2.0 Apps available at http://podcastapps.com and Value4Value information page available here: https://value4value.info
McIntosh can be reached by email at [email protected] and on Twitter at @McIntoshFinTech. His mastodon handle is @[email protected] and his Nostr. Kenshin can be reached on Twitter at @kenshin_ninja or on Nostr. Kenshin’s email is [email protected]. You can also follow the Satoshi’s Plebs podcast account on Nostr. We are looking forward to hearing from you!
We are looking forward to hearing from you!
[00:00:00]
McIntosh:
What is up, Plev Nation? Today is December 6th, and this is episode 187 of Satoshi's Plev. I'm Macintosh.
[00:00:08] Kenshin:
And I'm Kenshin. And today's episode is BRICS and Bitcoin.
[00:00:44] McIntosh:
Awesome. Hope everybody's, had a little caffeine. I'm a little pumped up today. We're at, well, when I wrote it down a few minutes ago, we're at 96,810 US dollars. €90,889. Right? And we're actually right now almost at 97. Now we've been back and forth. I'm looking at the chart. I do wanna talk about it for just a minute. Everybody stay with me. The last 14 days, we have been above $94,000 with the exception, of some very brief periods of time. It looks to me like we are building a nice little support level. I initially thought when we hit 90, excuse me, 99,000, whatever it was, 996 or whatever. And we started retracing, and it became apparent we were not gonna just immediately go back and retry a 100,000 that we were gonna drop down to 90,000 or so or maybe even lower and retest things and then try well, look, somebody's buying. I know who somebody some some of these somebodies are. 1 is Michael Saylor as I think we may be talking about in the news, but people are buying even though there's a lot of people selling.
So we've come down. We've established this level. We built what I would call a nice bullpen. And I look. This is not financial advice. And, of course, we always say here, what do we say? DCA, dollar cost average. You should be buying Bitcoin on a daily or weekly basis. Don't be trading. But I'm telling you, the way this chart is set up, I think we're gonna have another try at a 100 k here pretty soon. And when we do break a 100 k, whether it's the next time it tries or the time after that or 10 times for now, it's going to be explosive, I think. And I think it's gonna smash right through it, and it's gonna do.
It's just it's going to do very similarly to what it did when it broke. What was it? 70 ish 1000, 73,000 or something. And it and over a couple of days, it just really, really moved up. I think we're gonna see the same kind of thing. I told y'all earlier. What did I say? I said a 116. I'm not sure that level is gonna hold at this point, but I'm I'm getting ahead of myself, but I could see it moving right through that. So I've laid all my cards out on the table. So when I'm wrong, y'all can all yell at me and say, but, Macintosh, you were wrong. But I will look at you dead in the eye and say, but did you DCA? Because I don't care if it's a 100,000 or 50,000.
You need to be buying Bitcoin. And if it's 50,000, you should be buying all you can. I'm just that's what I'm telling you. Okay? So sorry. I told you I was pumped up. Kenshin, are you ready for this? Yes. I don't think you've seen me like this. Block height at time of recording is 873253.
[00:03:53] Kenshin:
Difficulty adjustment at 1.63 and estimated on December 16th, while the previous was at 1.59,
[00:04:04] McIntosh:
adjusted upwards. So when we talked just a little over a week ago, the the difficulty adjustment was significantly higher. It did pull down. Unfortunately, as y'all know, we both mine on ocean. Ocean's in a bit of a dry spell. It's almost a 100 hours since we've had a block. And so our little miners are out there mining and feeling kind of lonely. They need to find a block. They need to find a block because daddy's got some bills to pay. Come on now. It'll happen. You have to be patient in this business and do it over the long haul. Alright.
And then our fees in mempool, mempool.space. Great website, by the way, if you've not been to it. Lots of insight there. But right now, we're looking at, well, it actually went up a little bit. I'm gonna go ahead and read this. So it was 455 when we noted this just a few minutes ago. Low, medium, and high priority. Things are kind of fluctuating a little bit. We've got about 623 megabytes of unprocessed transactions. It does look like we're actually building up a little bit. So, we we when I noted this down, we were at 264. Actually, you did this, Kenshin, but you noted 264130 4, which that wasn't too long ago. Now we're at 275,000.
So I have a feeling we might be getting some more of those rooms or whatever that crap is that they do. I don't know. What what are the kids doing these days, Kenshin? I don't know. Grandpa's sitting up here on his porch feeling feisty today.
[00:05:40] Kenshin:
I don't know either, but I think you're right. I see a lot of tiny transactions with OP return, and those are runes. Those are runes? Yeah.
[00:05:49] McIntosh:
Yep. So Yep. Alright.
[00:05:52] Kenshin:
Up the they have low fees now, so I like it.
[00:05:56] McIntosh:
So what is up with you? How was your week, Kenshin?
[00:06:01] Kenshin:
My week was, quite good, except the usual Fiat mining of my Fiat. Except for the job. At work. Yes. Yeah. I had a really nice weekend. I went to meet some family members, and we planned it to to meet with them and sit down and concentrate on Bitcoin, go through some slides, go through some websites, some charts, some information.
[00:06:28] McIntosh:
Cool. So you were, like, prepared. Should I just call start calling you mister Sailor? Not that late, excuse me. Did it take 3 minutes? Well, you'll understand later, guys, if you don't yet.
[00:06:42] Kenshin:
Yet. Take through me first. It's good a few hours actually. And, no. But we went through actually, we went through mempool.space. Really nice web sites for beginners to understand how the transactions are moving and the blocks are being created and the reward system. So it actually puts, let's say the theory into an image. Right? Right. You can visualize
[00:07:13] McIntosh:
the theory. For for those of us who are visual learners, it's very helpful. And I happen to be one of those I've kind of figured out over the years. So good stuff.
[00:07:26] Kenshin:
So by the end of it, I think they got, yeah, a good understanding. Of course a lot of questions still remain, and uncertainty. And of course it's, yeah, the what if scenarios. But apart from that, they are ready to start, stacking some sites, set up a DCA. I suggested them strike since they came in, in Europe. Strike has been very, very competitive.
[00:07:54] McIntosh:
Everywhere in Europe at this point?
[00:07:57] Kenshin:
Yeah. I mean, Europe,
[00:07:59] McIntosh:
I would guess the 20 something countries that are in the European Union. Actually, it's not in Italy because that came up on the podcasting 2.0 podcast. One of the I think it's Cast O Matic. He lives in Italy, and they're looking at integrating the strike system or whatever so that it's easy to onboard people. Sorry. I didn't mean to interrupt, but, yeah, for some reason, Italy, they don't have strike. So it's actually a problem for him. But I think, basically, in general, everywhere in Europe other than that.
[00:08:32] Kenshin:
Yeah. Yeah. I think they they mentioned in their website which countries they support, of course. Right. But I would I would say when you DCA with Strike, my favorite part is that they don't have any fees.
[00:08:44] McIntosh:
Yes.
[00:08:45] Kenshin:
I love it. But the what the price of Bitcoin is at that point, that's what you get. Right. And it's really, really good. Especially when you compare it with the Swedish websites. They are
[00:08:57] McIntosh:
terrible with this. I have used Strike essentially since they came out, and I've had one issue. I dealt with their support. They were very good. We solved the issue. I don't even remember what it was. But I I I don't DCA with strike because I have my minors. That is my DCA. So Macintosh is not being a hypocrite here, ladies and gentlemen. But if I were buying on a daily basis, it would be with strike. I mean, honestly, no doubt. It's a it's a great program. Jack Mahler's the guy behind it. I wished I was Jack Mahler's. There's a few people I wish I was, but he's like he's like in his if he's at not, he's gotta be Late twenties. Yeah. Late twenties, maybe early thirties. I think he is in his late twenties. Dude has built a business. Let me tell you. And he is so grounded.
He literally owns what did he what I've heard him say this. Like, some clothes. I'm not sure he owns his house, and I don't think he owns a car. It's crazy. Like, he is so focused on what he is doing. Anyways, Jack, if if you need somebody to adopt you, just just let me know. And then maybe we can do a a reverse inheritance. I don't know. Anyways He's great. Strike is a very responsive.
[00:10:27] Kenshin:
Yeah. Okay. Yeah. And I have even sent comments, and he replies on Nostra. Right. He's on top of things.
[00:10:35] McIntosh:
Yep. Alright. So what about their, so that's a lightning wallet, and it's a great way to get started. Do they did you talk to them about anything else?
[00:10:45] Kenshin:
Yeah. I mean, they already had a blue wallet, a hot wallet in that sense. Okay. And, yeah, we're going back and forth. Should we make another wallet and and how? And I said, okay. But stay with it. Seed signer? For sorry. Exactly. No. Precisely. That's what I have in the comments. I don't know if you saw it. I did see that, but I I I take every opportunity to promote Seed signer.
[00:11:10] McIntosh:
And I, of course, don't get any compensation from that, but it's a great product. And we've actually breaking news. I don't know that it's official, but it does look like they're gonna be putting out a version pretty soon, it looks like, that has a bigger screen, which for someone like me who has, vision issues, that's a blessing. And he's changing the, the little input thing. The little it's like a little joystick almost. I hate that. It's a joystick and a button on the other side. And that's getting changed as well. So my two biggest gripes are getting fixed, are being made better. So, I am really looking forward to that. Even though I already have 1, I will probably be buying another one and then make that like my backup or something because I just can't help myself. Because I do use it. So those things actually do matter to me. It's not like it sits on my shelf, and I only bring it out once a year to make sure that I still got my Bitcoin.
[00:12:12] Kenshin:
It's really good. And, I that that was my suggestion also to them even though they're beginners. It's so beginner friendly. Their interface, it's so easy to use and sign in with the QR codes.
[00:12:24] McIntosh:
Make sure that you hook them up with the Telegram group because that group is super supportive. Oh, really? Okay. I didn't know that. Nice. Remind me. We'll put that in the show notes.
[00:12:35] Kenshin:
Yeah. And, actually, that's that's another question. What if if an experienced listener has another suggestion, what would you suggest, for a Bitcoin wallet for beginners? But that is a bit better than just the hot wallet, I would say.
[00:12:54] McIntosh:
Okay. Sounds great. They can boost in and, let us know what they think about that. We'd love to hear from them. Alright. Very cool. So the last week, we did have Thanksgiving. I know that that was a bit ago since whatever, and we had a great Thanksgiving. We went over to my in laws and ate all the food and did all the things. I will say this, and I won't say who it was, but someone came up to me and said, man, that Bitcoin's really doing good. And I'm like, it was a family member that I helped in the past get started at Bitcoin. I'm thinking to myself, yep. I've only been saying it was gonna do this for, like, I don't know, 6 months.
It's good to have some, what story? Well, it's it's it's I'm glad it's finally come true. So, yeah, we had a good Thanksgiving. I did wanna actually mention this. So I during the week, night before last, I had some, quote, free time between, you know, midnight and 2 AM. So I, I've been wanting to play with this nix based, nix OS, which is a a Linux based operating system. There's a, I wouldn't call it a distribution, but there's a a a group of packages called, like, Fortnix or something. It's like Bitcoin centered. Okay? So it makes it very easy to set up a Bitcoin node, a lightning node, I don't know, your own mempool space, all of this kind of stuff.
Now to start with you, you have to build a next server, which I've done in the past. It's non trivial. I like next, but it is a different paradigm for those who even if you're familiar with Linux, it is different. Anyways, I did actually get the base Nix distribution set up on a VPS. So one of my VPS is with Hetzner, that I use for hosting our websites and all that kind of stuff. I actually had one that was basically just just sitting there idle, and I'm like, you know what? I'm just gonna rebuild this in Knicks, and then I'm gonna put on this this package group. I should look that up. I I wanna say it's Fort Knicks, but I may be just pulling that completely. If you Google nix Oh, it actually is.
It's Fortnix is the name of the like, the GitHub account or whatever, but it's nix Bitcoin anyways. Whatever. It looks really promising, and I'm wanting to set up another node. And I do wanna set up a lightning node and again, which it's been a couple years now since I've had one and start experimenting with that with some stuff. So, anyways, I'm, like, halfway there. So now I'm actually ready to start doing these, the Bitcoin packages themselves. So hopefully later this week, I can do that and then come back and say, hey. I got my next, you know, Bitcoin node up and running or whatever. So we'll see how that goes.
Alright. That's pretty cool. Okay. What is our topic this week, Kenshin? We've got a couple of things to talk about. Right?
[00:16:17] Kenshin:
Yeah. Should we discuss about the BRICS and, the Trump, announcements that he wants to place? Yeah. Let's talk about that.
[00:16:27] McIntosh:
Orange man, is out there making noise. And I have told y'all repeatedly, I'm not a Trump supporter per se. I don't really I'm not a I I I find politics, the older I get, just frankly, more and more offensive, because I've been failed so many times. But, this is a prime example of something that, frankly, I just don't agree with. So there was news that that broke this week. So he came out and he said, I am going to impose 100% tariffs on the BRICS nations, if they create a rival currency to the US dollar. Now, I don't have a problem with tariffs necessarily.
It depends on the situation very much. In this case, it's very clear what he's doing is weaponizing the US dollar. Now I've touched on this a number of times in the past. Maybe at some point, we should actually just make a a an a full episode about this. But since the Bretton Woods agreement, Bretton Woods agreement post World War 2, the US dollar has become the de facto, you know, global reserve currency in the world. It's being used to trade back and forth all across the world. And the problem is that gives the US an unfair advantage in basically all forms of finance.
It is perfectly normal for a group of countries, in my opinion, I'm maybe I'm crazy, but to say, hey. We don't wanna do that and we want to trade among ourselves in whatever form of currency that they come up with. They can agree to the Chinese yuan. They can agree to the, Indian rupee or the Brazilian, I think it's a peso or or the ruble from Russia or whatever. But the problem with that is that then gives an unfair advantage to whatever that country is that they choose to use that currency. So the BRICS countries in general were looking at what can we do? They were talking about a gold backed currency for a while, which, yes, that on on the one level, that's a sound money. It's being backed by gold. It makes a lot of sense. But on the other hand, gold has inefficiencies.
It's difficult to verify gold across the world, for example. To me, the obvious choice is Bitcoin. We'll see how that works out. So far, they have not settled on that. But now Trump has come out and said, you guys can't do this. We're going to defend the US dollar. And I'm thinking to myself, on the one hand, Trump goes to the Bitcoin conference that says, Bitcoin. Great. We're gonna get a strategic Bitcoin reserve. We're gonna do this. We're gonna do that. Yeah. Yeah. Yeah. And then on the other hand, even knowing that our US dollar is essentially backed by nothing except the US military, we're gonna try and continue to make that the global US currency and it makes no sense to me. Now maybe I'm just too logical or maybe I'm not logical enough. I don't know. And maybe this is a negotiation tactic. So I will say this with Trump very often, he will say outrageous things in order to then kind of that's where he comes in at and then it ends up somewhere in the middle or he gets what he wants because, you know, just as a threatening tactic. So maybe, I don't know, but I can 100% say that's a really bad idea.
I I do not think cup countries should be threatening each other over currencies. I mean, honestly, it's interesting because not to get off on a tangent, but just a week ago, Javier Millet was up here talking to Trump. And Javier very famously is a libertarian. And one of the things that he's trying to do down in Argentina is basically allow people to use any form of currency that they want. Because as a libertarian, that's one of the principles you should be as free as possible. This is the exact opposite of that. This is threatening with a big stick that you use my toy or I'm going to go home. So I I don't know. I don't know where all this goes. There's other news this week that ties into this as well.
Putin has come out in some recent speech or speeches. I'm not sure which. And he's saying very, very positive things about Bitcoin. I've got some of that on my Twitter feed, which I don't have up right now. I'll bring it up in a in a minute, maybe when we're going through the news. But he's saying things like Bitcoin is unstoppable and whatever. It's becoming very obvious to me, and I've said this in the past. I thought Russia was already stacking Satoshis. I think that's what they're going to be doing very, very soon if they're not already or increasing what they're already doing. Because we've backed Russia into a corner financially. We pulled them off the swift network. We've done all this stuff.
They've had to improvise. And it's I believe it's made him realize the validity of Bitcoin and and what a powerful tool for a nation state that that can be. I will now stop. I will cut myself off.
[00:22:11] Kenshin:
I just I can interject and to see what, which which are the BRICS countries because I know some people don't know.
[00:22:19] McIntosh:
Well, this actually says 9 countries here and it gives a list, but I actually thought it was a lot more than that. I keep hearing that these countries are joining BRICS, so I'm not clear. Do you know what the initial countries are offhand?
[00:22:34] Kenshin:
Well, I see them in front of me. Okay. I know it's Brazil, Russia, India, China, and South Africa. Right. Right. And now it's expanded to Egypt, Ethiopia,
[00:22:47] McIntosh:
Iran, and United Arab Emirates. Right. But I've actually heard a lot longer list, like 20 plus countries more than that. I don't know which is correct. Still in the process. Maybe. They they have potential candidates in future membership I see on Wikipedia to look It takes them a long time to fill the membership card out. I I
[00:23:09] Kenshin:
I don't know. To pay to pay the membership. To pay the membership dues.
[00:23:13] McIntosh:
Gotta do it in Bitcoin. No. I don't know. But it's clear to me that bricks itself is somewhat disorganized. They have not decided yet how they wanna move forward in terms of international trade. I believe ultimately, they will land on Bitcoin, and they may actually be a big reason why global trade is conducted through Bitcoin. If these countries start trading in Bitcoin among themselves, do you not think that that will drag other countries into that? I think so.
[00:23:44] Kenshin:
Yeah. And that's a European, seen on the other side, the US, how they have been behaving for the last few years. It it is a bit scary. It feels like the big bully Mhmm. That
[00:23:57] McIntosh:
I can 100% see that. And I don't understand why a lot of people don't. And it's not the Trump administration per se. This has been going on since the 19 forties, the late forties. And I believe it's caused I know a lot of people would disagree with me, but I believe it's caused a lot of damage in the world. I do. And it's one of the reasons why I rail about it so much and so long and so loud. Because I think it's really important that we get off a global reserve that is controlled by any one country. I don't want China doing it. I don't want Russia doing it. I don't want France or any European country doing it. I don't want anybody controlling it because that gives them an unfair advantage. And to me, Bitcoin fulfills that so perfectly.
[00:24:48] Kenshin:
I agree. And I think they will come out to that conclusion because I think they have tried a few different currency ideas. Yes. And they will all fail eventually. They will.
[00:25:00] McIntosh:
Yeah. It's just a matter of how much pain are we going to be involved in until we get to the right answer. Exactly. And I just I wanna speed that. I don't like pain. I just wanna speed that process up. Okay. So what is our second bit of news? The other bit of news is,
[00:25:18] Kenshin:
Michael Saylor participated in the Microsoft's shareholder meeting. He posted a video through MicroStrategy, his company, where he is CEO and founder. And it was a 3 minute long, presentation. He went in those 3 minutes, he went through 44 slides of PowerPoint. So some slides he literally just passed through a second. And when I was watching the video on YouTube, I just had to pause the the video to see some of the slides. And, basically, his thesis is that Bitcoin is digital capital and that, Microsoft should embrace the technological shift or they will be left behind, essentially.
So so, yes, throughout those 3 minutes, he he described, where Bitcoin is, and, he even mentioned that it's more valuable to to invest in Bitcoin than to buy their own shares back. Right. And and that's absolutely right. And if you see some charts of how Microsoft has performed or any company for that matter, I mean, Bitcoin has outperformed all of them, so it makes sense to do that. And she has done that with MicroStrategy, so they have the playbook to do that as well. It was a good presentation. It ended a bit abruptly. I don't know. Maybe because of time.
[00:27:01] McIntosh:
So his last slide
[00:27:03] Kenshin:
yeah. His last slide was, something like, so now do what's best for your company, shareholders, customers, and the world. But what he said is just do what's best for the world, something like that. So what he said, it was a bit, it felt a bit abrupt and out of place. But when you saw the slide, it made more sense. But I think he had a limited time and, right.
[00:27:31] McIntosh:
I I thought, frankly, they were very mean to him in the sense that they literally gave him 3 like, a 3 minute slot to talk to their board of directors. This is the CEO of I, I think it's the fastest growing company in America right now. He's, you know, this is he's been around a long time. And to disrespect him like that and say, well, we'll give you 3 minutes. Because what? You're you're missing cocktail hour? I I don't I thought I just thought it was really disrespectful, and I I I thought I thought he did brilliantly, frankly. I'm I wonder how much he practiced. I could not do a 3 minute presentation like that. Certainly not with that much volume.
I mean, I'm just getting started in 3 minutes.
[00:28:21] Kenshin:
I I think he's he's been talking about it for so long. So in the presentation, even though it's 3 minutes and he goes through 44 slides, he was so calm and so slow to talk and go through the information in in such a good pace. Right. I think he's he's been talking about it nonstop every day for 4 years, and those slides are I've seen them before. Mhmm. Some of them, especially, with a total value and equities around the world and things like that. So so it seems that, yeah, it is his bread and butter at this point. And a slide that I I really like to see, and I haven't seen it for a while, is the the market cap of, the top 10 assets in the world.
So we have at number 1, the gold at Mhmm. $18,000,000,000,000 at this point. And Bitcoin right now is at the 7th position Mhmm. With $1,900,000,000,000. We've been saying for a few months that, Bitcoin passed silver. Right. And it's right now, I don't remember, it's 1 point.
[00:29:29] McIntosh:
Yeah. Anyway What are the other do you have the list in front of you? What are the other ones in between gold and Bitcoin real quick? So we have Gold at 1, Nvidia,
[00:29:40] Kenshin:
Apple. Microsoft is at 4 with 3,000,000,000,000. Amazon, Google at 2,020,000,000,000, and Bitcoin at 1.9.
[00:29:49] McIntosh:
So you you mentioned that Microsoft was in that list. 4th in that list. I'm gonna make a prediction, and I shouldn't do this. But if they choose not to buy Bitcoin, if they don't become involved in Bitcoin, let's say for the next 2 years, I wanna give a timeline to this. They will not be 4th in that list. They will be built well, they will be below Bitcoin. I will say that.
[00:30:18] Kenshin:
By the end of this time next year? 2 years.
[00:30:22] McIntosh:
2 years. So 2026.
[00:30:25] Kenshin:
Okay. I can put my prediction at this time next year.
[00:30:30] McIntosh:
Yeah. You can be smart and wait.
[00:30:34] Kenshin:
If they don't adopt Bitcoin this time next year, for sure, Bitcoin is over then.
[00:30:38] McIntosh:
Well, you're even more ambitious than I am. Alright, I think we've got a question for the audience about this. So will Microsoft stack Bitcoin? They're having their, well, they had the meeting right? Now we see how it goes. I think by the end of the year or certainly by early next year, we will know if they're stacking Bitcoin. As a as a public company, they have to release when they do that, I think. So we'll know soon enough. I'm sure Twitter will be all over it saying what they think. But, apparently, it's up to a few people in a room, to either make the smartest decision in the world or the dumbest.
So very cool.
[00:31:34] Kenshin:
And as I've heard, one of them is the one who initiated the talk. Right? The subject. So I don't know. I don't remember the name, but one of them wanted that, subject to be on the board Okay. To be discussed.
[00:31:49] McIntosh:
The only thing I've heard about that is it was an activist investor. So I didn't I did not actually realize they were on the board.
[00:31:58] Kenshin:
Okay. Maybe I'm I'm wrong. I'm not sure. I don't remember the full details. Okay. Could but to to end up actually on the board for discussion must have been someone important. Yeah.
[00:32:10] McIntosh:
For sure. For sure. Very cool. Well, we will just have to wait and see, unfortunately.
[00:32:18] Kenshin:
And What do you think, Macintosh, are the implications if Microsoft starts buying? Is that gonna be It's just I I believe it's gonna be a high signal for everybody. Right. It's just more fuel on the fire.
[00:32:32] McIntosh:
At some point, one of the what do they call them? FAANG companies. Right? Amazon, Facebook, Microsoft, I don't Nvidia. They're going to start buying Bitcoin. And when they do, it will signal to all of corporate America that the right thing to do, the smart thing to do if you're the CFO of a company, is to stack sats, and and it will ripple out from there. You will see major companies start investing, and and, frankly, at some point, they're not going to have a choice. They will stack sets or they will die because there are a lot of what I would call zombie companies out there, companies who don't make a profit, who live off of I don't know. I'm not sure how they live. But it there's an amazing amount of companies who literally have have never made a profit. There are some, Microsoft is one of them, if I'm not mistaken, who who make a lot of profit.
Apple, both Amazon and Apple, both make a lot of profit. But they have huge stacks of cash, and they have to realize that that having that cash sitting there doing nothing, losing value in very short periods of time is not a good thing. So you will see it from both the struggling companies and the companies who are just looking to increase their their earnings. You know? So this could be the signal. It could be the signal for all the other FAANG companies to start doing this. It could be the signal for, you know, major, like, I don't know, HP and IBM, all of these really big corporations, to start investing as well. The big businesses, they're just a bunch of scaredy cats. They don't wanna go out on because maybe for good reason you could argue. Right? But they don't wanna they don't wanna be risky.
But at that point, Bitcoin is not risky. If you've got Microsoft buying it or Amazon or Facebook or whoever. I mean, we could sit here and say, well, my my sailor's company. MicroStrategy is is a really big company, and they are kind of a big company, but they're not that big. So anyways.
[00:35:05] Kenshin:
My wife actually summarizes this situation very nice. She has started saying this thing lately. If the rich one want to stay rich and and keep being competitively rich Yes. They need Bitcoin.
[00:35:20] McIntosh:
They want it or not. They they need to to have it. Right. And we're gonna start to see the sovereign wealth funds, the family offices, all of these places. They're already starting. I believe we already have nature. Well, aside from El Salvador, let's set aside not to dismiss them. El Salvador, Bhutan. I believe there's other nation states who are already stacking sats, but that hasn't come out in the open yet. But this flywheel, it's going to pick up speed very, very rapidly. And, you know, I kinda dismiss people. I think his name is Samson Mao. He's the head of I can't he created Aqua Wallet. I'm sorry. I can't think of the name of his company.
But he has been running around for quite a while talking about a $1,000,000 Bitcoin. And I don't have any problem believing in a $1,000,000 Bitcoin, by the way. I don't. I just don't know exactly when that's going to happen. But what I'm starting to think is that if we really start seeing nation state adoption and and big business adoption beyond the ETFs, it might actually happen quicker than we think. It might happen a lot quicker than we think, and it will get crazy. I'm not saying it will be next year, but it may not be long. I mean, there are people who literally think it could be next year, and I just I almost dismiss that. I mean, I don't wanna I don't wanna, like, say it's not possible, but I think it's very improbable.
I'm not betting on it. If you are Kenshin, please let me know because that tells me something about you. No.
[00:37:09] Kenshin:
But, somewhere in between, maybe, max.
[00:37:13] McIntosh:
I I think it's I I do think this cycle is going to be higher than what people even a year ago were thinking or 2 years ago, certainly. Right? I think a lot of people prior to the last few months have been thinking, well, we might get up to a 125 or so, maybe a 150. The crazies were saying 200. You know what? I think a 125, a 150. I man, I'm I must be on to something, Kenshin. I don't I'm gonna go ahead and make another prediction. I almost think that a 150 is in the bag.
[00:37:51] Kenshin:
Yeah. That's berries.
[00:37:53] McIntosh:
Right? Exactly. So I don't know where it goes from there. I don't think it gets to a1000000, and I'm not gonna say that. I don't think it gets to 800,000. I think that would be extreme. But could it go somewhere between 25,000? I certainly could see that. And look, if if that gets you all excited, that's good. Now do something productive with it. And stack sats. Like that's where we're going. Okay? Do the DCA that we talk about all the time on here so that when we get to that level, whether it's next year or 4 years after or 4 years after that, you will be prepared and then you will be a happy person.
[00:38:38] Kenshin:
And when we say do the DCA, it's the dollar cost average. Right. Buy a little Bitcoin every day or every week, no matter the price. And then you get a good average price over a year's time. And I know this is hard.
[00:38:51] McIntosh:
It it is super hard, but try not to worry about the price. It's so easy to get caught up in it, but the price is just the price. You just keep doing your work and prepare for your financial future. Kenshin, I have less than 30 minutes until I have a heartbreak, so we are going to have to move on. I'm sorry. But we've got a couple more major things to cover here, and I wanna give everybody their time.
[00:39:19] Kenshin:
Yes. We have a news item that, Coinbase, he's the product director, Scott Shapiro. He posted on, Twitter x that, Coinbase customers should connect to Coinbase without a VPN or ad blockers. Otherwise, they would be maybe blocked from the platform.
[00:39:46] McIntosh:
You know what Coinbase seems like to me? They've been in this space for a long time. They're like old tech. Okay? They can't change. They don't wanna change. It's hard for them to change. I'll say that. And it's like it took them forever to integrate lightning payouts. I've used Coinbase. I've used it a lot in the past. I don't recommend Coinbase for anyone anymore. And if you have money on Coinbase, I would think about moving it. You shouldn't be keeping your money on exchanges anyways. But if you especially have it on Coinbase, don't keep it there. Put it in cold storage on your seed signer. Right? And one of the things that concerns me frankly is if the United States sets up a security, strategic Bitcoin reserve, God, I hope they don't just dump all that in Coinbase because Coinbase is the biggest and they do this for a lot of companies and different things and whatever. Just because I that is a really, really bad idea.
But, yeah, this stuff is nonsense. Like, who doesn't use VPN? There was something else as well. It wasn't just the VPN or at least I thought I saw something. Ad blockers. Oh, ad blockers. Right. What like, because this indicates that I want to do fraud? No. It indicates that I'd see too many ads.
[00:41:10] Kenshin:
Oh my god. I think that was messing up with their analytics.
[00:41:15] McIntosh:
I don't care very well. Analytics.
[00:41:17] Kenshin:
Exactly. But they probably monetize those analytics or share them There is. Yeah. To some 3 letter agencies here and there, probably.
[00:41:26] McIntosh:
Right. So I think you hit the nail on the head. So we'll have those tweets in the show notes and a link to it. What happened today? What's that? He post
[00:41:37] Kenshin:
he he got a lot of bad reaction Oh, I'd by, like, 99% of the comments. And then he posted today, another an a thread to explain himself that, oh, maybe you misunderstood or That's not really what I did. It was poorly awarded and caused a lot of confusion. So let me explain, and we support the rights for VPNs, etcetera, etcetera. So You know? He took it back. Yeah. Brian Armstrong is the CEO
[00:42:09] McIntosh:
of Coinbase. And he was a pioneer in this industry, and I wanna give him credit for that. But look at what he talks about. Look at what he says. He talks about Bitcoin very, very little. And Coinbase is promoting these casino coins. Right? They just listed a couple more today or yesterday or what. I don't know. I don't keep up, but I did see a Twitter post or something that they were promoting or that they had added these 2 casino coins. Why is that important? Because as soon as they get on on Coinbase, they shoot up because of kind of the Coinbase effect. Well, you know what?
I don't think that that's okay. Because Brian Armstrong and everyone at Coinbase knows that 99% of these projects are going to be failed in the next 5 years, and they're going to be worthless. And they're just doing this to make money off of these people. And I'm not okay with that.
[00:43:10] Kenshin:
I'm not. They are the only ones who benefits.
[00:43:13] McIntosh:
They and the ones who start those casino coins. Well, the the casino coins pay to get listed on Coinbase. I I'm I'm pretty sure that that is a I better not say that because I'm not a 100% sure, but I understand that that's what happens. So it's it's a big money thing for them. Always look at the money angle on this stuff, ladies and gentlemen. There's always an incentive. Anyways
[00:43:40] Kenshin:
Okay. Let's move on. Yes.
[00:43:42] McIntosh:
Please tell me about this one because this one's got me. I don't I don't know.
[00:43:47] Kenshin:
So they they they put yeah. Volato. So they they put Bitcoin miners everywhere. Right? They put them in hydro hydroelectric dams. They put them in volcanoes now. So now this company, Volato, they are an aviation company. They offer services to airplanes, and they have some small, private jets as well, I think. Or at least they they, equip them, to a premium standard. And, they develop some mining Bitcoin mining solution. Mhmm. So when the airplane is flying through the air, especially at high altitude, it's using the excess resources of the aircraft in a way to mine Bitcoin in a way that it doesn't affect the the aircraft.
And they use, they say, I think the cold air, of course, of the high altitudes Mhmm. To their benefit as well. They don't say exactly how, but I assume it's to cool down the miners. And, yeah, they're very proud. They have, filed for a patent for, for a year now, if I'm not mistaken. And, they say with the proceeds, they can also use, that Bitcoin to to invest in sustainable aviation fuels and fund other, carbon, carbon prod projects that they they might have. So so they they say, basically, that innovation will come back to the industry.
[00:45:23] McIntosh:
I'm gonna put this up there with we need to put a Bitcoin note on the moon.
[00:45:29] Kenshin:
Probably.
[00:45:30] McIntosh:
The only thing in this that makes sense to me is well, there's 2 things. The the cold air, that's absolutely true. It will help. And it says that they use the excess energy, but why would you have excess energy? Because to run a Bitcoin miner, we're I mean, the the smallest ones I know of are like 1.5 kilowatts of continuous draw power. That's not a small amount of excess energy. I I don't know why a plane would have that much energy. And if you're generating energy just to drive these, then you're burning fuel to do that. That's the only source that of energy that they have. So you're taking jet fuel, you're converting it to electricity, and then you're running that to your Bitcoin miner to run the miner while you're in flight.
How is that efficient? I mean, I'm over here dying over half a cent per kilowatt. I cannot imagine running jet fuel through a plane engine to generate power power. It's very fuel efficient and and makes sense. I I don't know. That just maybe I'm missing something.
[00:46:47] Kenshin:
I think it might have to do with the actual air speed. So it's a lot of, inlets to to measure the air speed. And so it might be using those existing because they say they use the existing, resources and, technology of the planes. So they tap into some sort of, yeah, in any case, air speed or some other way that it would go to waste or just pin a air speed,
[00:47:17] McIntosh:
sensor. There may be something about this. I don't understand. It just I don't know. We'll see how it goes. I'm not signing up. I didn't even bring up well, I will bring up as a third issue or whatever. The Internet connectivity. Yes. Most planes have Internet these days. But if you've ever been in a plane, that Internet is not that great. And for a Bitcoin miner to hash, it does need to have a reasonable Internet connection. It doesn't have to be huge fat, right, like a big pipe, but it needs to be stable and reliable or it'll solve a block and then not be able to get the results out. And then you lose that block because somebody else finds it. Right? To put it in simple terms.
So I don't know. There's a lot to untangle there. Best of luck. It would be kind of interesting to fly on a plane that was mining Bitcoin while you flew along. That would be that would be a life experience for sure. Alright. And and last, we've got Virgin Voyages.
[00:48:29] Kenshin:
Yeah. And this is a cruise line, company from from Virgin. Mhmm. So it's the cruise ships. Now they say they are the 1st cruise ships to accept Bitcoin as payment to go on the cruise. So they recognize now that, some Bitcoiners might have some excess Bitcoin that they want to
[00:48:52] McIntosh:
to extract from them. Hey, Kenshin. Do you got an extra $120,000 US? I don't know how many euros that would be, but, like a €100,000? Yeah. You can buy a unlimited cruising for a year for a 120,000 plus taxes and fees. So have you ever been on a cruise? So it's 1 Bitcoin. It's only 1. It's only 1 Bitcoin. You can surely spare that.
[00:49:18] Kenshin:
Yeah.
[00:49:19] McIntosh:
Yeah. Have you ever been on a cruise? No. I have, I've been on one, like, how many years ago was that? 4 or 5 years ago? For one of our anniversaries, my wife and I took a cruise, and I I actually enjoyed it. I have a problem with, like, working too much work. And being on a cruise ship with very limited Internet forces you to not work. I did manage to squeeze in some work, but I also got done a lot of reading and a lot of just sitting watching the scenery and too much eating, to be honest. And we had a good time. We did. We we we really did. So, we're looking to do it again here at some point.
Cool. That will definitely and their target audience is, like like, I think it says Gen z or Gen x. Right. Very much would be the Bitcoin kind of market. So, very cool. I think we'll see that a lot more as a lot of these other things over the coming years. So alright. Very, very interesting. Alright. Software updates. Yep. Let's roll into the software updates. I wanna talk about tails. We've got version 6 dot 10 came out. Tails is a, basically, a little bootable operating system, like you could we I get you. And I'm so old. We used to boot these off CDs, off USB sticks or, I guess, theoretically, CDs like an ISO or whatever.
They've got a number of updates in here, bug fixes, that kind of thing. If you're happen to be using tails, you should probably be looking at this and getting upgraded. I will say in terms of security, if you got a substantial amount of bitcoin and you're worried about security, this this operating system is basically a really great way to build a really secure set up. It is definitely more trouble, but it would be worth it. So very cool.
[00:51:35] Kenshin:
Good. Then I found this, it's an online game. I would call it interactive science fiction game. It's called Saving Satoshi. The website is saving satoshi.com, and it's a fictional story about the year 2,139.
[00:51:59] McIntosh:
2 weeks from being mine. Oh my goodness. This is exciting.
[00:52:05] Kenshin:
Yeah. Exactly. So they they say it's an educational, web page about Bitcoin. So you can, play this game, with with a fictional story and learn some concepts about Bitcoin. But I think it's a bit more geared towards developers, so you learn a bit more the program inside of Bitcoin. This is cool, though. I think I think it's really cool. I I will try it tonight, actually. Yeah. These chapters It has a lot of chapter Right. It has a lot of chapters, but, so it will take time. It's, it's And it's completely It looks very exciting. It says it's open source, like, literally, you can go look at the code. It's on GitHub. Yep. That's that is cool.
[00:52:48] McIntosh:
That is cool.
[00:52:51] Kenshin:
Alright. And the story is exciting because it says as a first step that, it's about to the last Bitcoin, reward is about to to be released with the last block, and the miners stop their mining as a protest because they don't want Bitcoin rewards to stop.
[00:53:12] McIntosh:
So there would be transactions. Anyways, that's that's a Yeah. Subject for another day. We actually really should talk about that because Yes. We sure. I have had somebody recently. We were talking about Bitcoin and and, you know, they're new, but they're fairly nod knowledgeable kind of thing. And they're like, well, what happens after 21 40 when all the the the block rewards are gone? And or they actually, what they said was the last those that last cycle, it's only 1 it's literally 1 satoshi for the last. That's the reward. So that satoshi is gonna be worth so much. I'm like, well, I'm not gonna speculate about that, but I really don't think so because there's so many Satoshis in a Bitcoin. It's a 100,000,000.
Right? And the the levels to make that one Satoshi worth a lot of money would just be so astronomical. It would blow your mind. Like, I mean, we're probably a $1,000,000,000,000
[00:54:08] Kenshin:
Bitcoin. Right? No. More. Is it more? Calculations. Okay. It's more.
[00:54:12] McIntosh:
So the my point is it's not just that Satoshi. It's that Satoshi plus the transaction rewards, which right now maybe they're only 5%. But I believe long before then, they will be far bigger than the block reward itself. Okay? Because the network usage will grow and that's how it's done. It's through transactions across the network. And so that will be what those miners are really competing for. And I think it will be long before 21/40. But I still wanna go look at this. This looks really cool. So alright. Let's talk about Kibo Kybo? Kybo?
[00:54:59] Kenshin:
Yeah. That's, version 0.5 point 0. It's another open source project that, has a lot of Bitcoin statistics
[00:55:10] McIntosh:
on, so This is actually really new. I've only I the oldest file I see on here is only, like, 3 months.
[00:55:17] Kenshin:
Yeah. It's quite new, but it has really nice graphical statistics. Of course, the price, the blocks, a lot of other things. But what caught my attention was actually the they have a simulator, a DCA. We talked about DCA earlier. Mhmm. They have a DCA simulator. So you put how much you would like to save per day, from what period of time, till what period of time. And, based on the Bitcoin price over time, it shows you what you would have Eric, cool. Kenshin, I have an idea.
[00:55:48] McIntosh:
Something you need to know about me. By the way, we're at 99,000. We've gone up $2,000 since we started recording. Oh. Yeah. We may be fixing the trial. I see. Everybody look. I said the block we were recording at. So when I when we blow through a 100,000 and keep I didn't do this in reverse. Okay. I'm just saying, No. We're 99. It looks like it's gonna test a 100 again. Crazy.
[00:56:17] Kenshin:
94,004 Euros.
[00:56:19] McIntosh:
Crazy. Crazy. What was I saying? I got distracted. Oh, it's something you need to know about me. I have ideas all the time. I got stuff. There's I have a list. I have a friend who loves lists. He never listens to this podcast. One of my favorite people in the world, but he keeps lists of everything. I have a list of all of my ideas. There's, like, 100, and I have a new idea. We should put this on a website on our website. Okay? Right. So that people can go in and see, oh, if I started DCA ing $10, that would be cool. Yep. That would be cool.
[00:56:59] Kenshin:
I know another Bitcoin podcast that has that on their website.
[00:57:04] McIntosh:
This product or or something similar? Yeah. I think I know what you're talking about. It's similar. Yeah. Yep. I think this would be cool, though. Let's let's let's look at that. The last thing I need is something else to do. But yeah. Alright. Albie go. 1.7.2 is the last one. This is a lightning mobile wallet. Yeah. It's connected to most of the Nostra integration. This was not the first release with Nostra, but, yeah, it does look like that's a lot of what's going on. Not surprising. Albie is pivoting these days. I mean, to be honest, it's actually causing a lot of angst, a lot of grief in the podcaster world because they were supporting wallets for podcaster type things, and they've stopped doing that. As of actually today, I think.
But yeah.
[00:58:00] Kenshin:
I need to make my own RB hub to move my RB wallet there.
[00:58:05] McIntosh:
Yeah. You need to get your stuff off of there if you've got it out. I had a few sats in 1, and I just moved it over to my fountain wallet a few days ago just to clean it out. Kinda sad, but they're that's their business choice. So alright. Alright, sir. Let's wrap this puppy up. I do wanna talk about this for just a second, if you don't mind. The clipping thing. And then maybe, Kenshin, you can do the rest of it. I wanna talk about clipping our episodes because I've been saying something and then I'm going to I wanna say 2 things. First of all, I fell down on the job. And then second of all, I'm gonna place some blame somewhere. Okay? But I have told y'all in the past, if you clip an episode, if you go into something well, I think you can only do this in fountain. And you clip, like, 1 or 2 or 3 minutes from an episode.
I would boost you back and you post that on fountain. I would boost you back. I have not done that, and it's not because I didn't want to. For a long time, I did not see them. They were buried down in a menu or whatever, and I promise you I didn't see them. Well, I found them like a month or 2 ago. And when I found them, I tried to boost back. And then I found out I couldn't. And right now, fountain has the boost back or whatever on these comments disabled. I asked Oscar about it. Oscar's the CEO, I think, of Fountain.
And because of the Noster integration that they were doing at the time, they had disabled that or whatever. And apparently, I checked back again just a few days ago. It's still not back. So I need to actually circle back to them and find out what's going on with that. Because I feel like I've told you something and then didn't do it. And there have been over quite a bit of time, so some of y'all have been clipping and boosting. And I appreciate that very sincerely. That is actually good lord. We may see a 100,000 on this episode. Now we're at 99177. Sorry.
Anyways, it has to be in the next 8 minutes because I have to stop. Alright. Anyways, I feel like I've let y'all down because I told you something and then I didn't do it. And I we will figure this out. I have not forgotten you. I have not ignored you. It will happen. But that is one of the best ways to support this show in a non monetary way. Those clips get seen and it does end up people hear the show. They hear what we say. They drive traffic to us, which is frankly what we want. Okay? So I felt like I needed to get that out there. And I do apologize sincerely because in the in the beginning, it was simply my fault. I just did not see them.
[01:01:02] Kenshin:
And let's remind the audience really fast is if you make a clip on fountain,
[01:01:07] McIntosh:
in one of the episodes Mhmm. Then we boost that clip by 500 shots if it's a new episode and 300 sets if it's an older episode. I'm gonna go back and boost everybody at least 500 sets because I have no way at this point of knowing without doing a lot of research if it was current or not. I don't care. I I'm gonna make it right. I'm just gonna boost everybody once they get that re enabled. It doesn't keep you from clipping and putting those out there right now. Just understand, I cannot just turn around and boost you back, and I apologize. Again, But I'm hoping that they fix that very soon.
Okay?
[01:01:45] Kenshin:
And, I I need to add if, you want to boost us and give a comment to us because that's the way, this podcast works. Kensh. Value for value podcast. We had people boost us,
[01:01:59] McIntosh:
and we need to talk about that. We forgot it. We forgot. Let's do that real quick, and we're just gonna have to wrap right there because I am running out of time. Episode 186, thankful about Bitcoin. So that was last week. Bitcoin grandma, I love that handle. My new favorite podcast. Thank you from Sweden. I that just made me blush. Anybody tells me this is their favorite podcast. I that's it's embarrassing, but I do appreciate it. And boosted 55100¢.
[01:02:28] Kenshin:
I look back from Sweden as well. Yeah.
[01:02:31] McIntosh:
Y'all can talk in Swedish. I I have no idea what you're saying. She's she's my neighbor. So Alright. And then we had Crypto Connect. I hope I said that right. A simple little message said thank you. That was also on episode 186, and thank you, crypto connect. We appreciate that. Sent 210 sats. And then finally, we had one I had it right here. There it is. Send it, Mike. Great to hear the podcast is back from break. Love the new format and host. Thank you. I appreciate that. Keep it up and sent, 1,069 sats, on fountain and do appreciate that. So we had some love this week.
We are trying to get some promotions going and get some new traffic, get new people in here. I do feel like, frankly, in the last 6 months that this show has kind of grown a lot. I've been trying to improve it. I think having Kenshin on board has been a big boost for us. I probably work better with somebody else than I do by myself. And maybe people just get tired of hearing me. So, anyways, I think we well, we had 1250 plus what this other person boosted. Sorry. Let me do this on the fly, though. Where was it? Man. Land sakes.
1069. So 1069, 22
[01:04:13] Kenshin:
2310.
[01:04:14] McIntosh:
2310. Yeah. 2310 or 11, something like that. So somewhere right around there. I do appreciate that. We both appreciate it a lot. Yes. Alright.
[01:04:24] Kenshin:
And if others want to boost and they don't know how yet, you can try the fountain app on the Play Store or the App Store. Mhmm. And it's a very easy app. You just make an account. They have an integrated, Lightning Wallet Mhmm. Which you can, actually, you can listen to podcasts on Fountain and get paid Right. In that wallet with, Sats, which you can use to boost us back, or you can load that wallet up with a credit card or with an existing lightning wallet. So I think they have a direct integration with Stripe now. So you can just They do that too. Yes.
[01:05:01] McIntosh:
They have that. So they do a very good job of that. And, there are a number of those apps out there. You could go to podcast, Kenshin, do you know what it is? Podcastindex.com.
[01:05:14] Kenshin:
Oh, podcastingapps.
[01:05:17] McIntosh:
I have it right. Podcastapps.com will get you to a list of those apps. So I would certainly recommend you try a number of them. Podcasting 2.0 apps like this have a lot of new features in them. Transcripts, chapters, this kind of stuff. Just a lot of live shows. Something I would love to try with us, actually, although that might be a train wreck. But we'll see. Maybe one day and, and that kind of thing. So, I think we're gonna need to wrap it up there. I appreciate it. We appreciate everybody. You guys stay humble. Go out. Make it a great week. We'll talk to you soon.
[01:05:55] Kenshin:
Okay. DCA some stats. DCA some stats.
[01:05:59] McIntosh:
Buy the dip. Oh, wait. It's not dipping.
What is up, Plev Nation? Today is December 6th, and this is episode 187 of Satoshi's Plev. I'm Macintosh.
[00:00:08] Kenshin:
And I'm Kenshin. And today's episode is BRICS and Bitcoin.
[00:00:44] McIntosh:
Awesome. Hope everybody's, had a little caffeine. I'm a little pumped up today. We're at, well, when I wrote it down a few minutes ago, we're at 96,810 US dollars. €90,889. Right? And we're actually right now almost at 97. Now we've been back and forth. I'm looking at the chart. I do wanna talk about it for just a minute. Everybody stay with me. The last 14 days, we have been above $94,000 with the exception, of some very brief periods of time. It looks to me like we are building a nice little support level. I initially thought when we hit 90, excuse me, 99,000, whatever it was, 996 or whatever. And we started retracing, and it became apparent we were not gonna just immediately go back and retry a 100,000 that we were gonna drop down to 90,000 or so or maybe even lower and retest things and then try well, look, somebody's buying. I know who somebody some some of these somebodies are. 1 is Michael Saylor as I think we may be talking about in the news, but people are buying even though there's a lot of people selling.
So we've come down. We've established this level. We built what I would call a nice bullpen. And I look. This is not financial advice. And, of course, we always say here, what do we say? DCA, dollar cost average. You should be buying Bitcoin on a daily or weekly basis. Don't be trading. But I'm telling you, the way this chart is set up, I think we're gonna have another try at a 100 k here pretty soon. And when we do break a 100 k, whether it's the next time it tries or the time after that or 10 times for now, it's going to be explosive, I think. And I think it's gonna smash right through it, and it's gonna do.
It's just it's going to do very similarly to what it did when it broke. What was it? 70 ish 1000, 73,000 or something. And it and over a couple of days, it just really, really moved up. I think we're gonna see the same kind of thing. I told y'all earlier. What did I say? I said a 116. I'm not sure that level is gonna hold at this point, but I'm I'm getting ahead of myself, but I could see it moving right through that. So I've laid all my cards out on the table. So when I'm wrong, y'all can all yell at me and say, but, Macintosh, you were wrong. But I will look at you dead in the eye and say, but did you DCA? Because I don't care if it's a 100,000 or 50,000.
You need to be buying Bitcoin. And if it's 50,000, you should be buying all you can. I'm just that's what I'm telling you. Okay? So sorry. I told you I was pumped up. Kenshin, are you ready for this? Yes. I don't think you've seen me like this. Block height at time of recording is 873253.
[00:03:53] Kenshin:
Difficulty adjustment at 1.63 and estimated on December 16th, while the previous was at 1.59,
[00:04:04] McIntosh:
adjusted upwards. So when we talked just a little over a week ago, the the difficulty adjustment was significantly higher. It did pull down. Unfortunately, as y'all know, we both mine on ocean. Ocean's in a bit of a dry spell. It's almost a 100 hours since we've had a block. And so our little miners are out there mining and feeling kind of lonely. They need to find a block. They need to find a block because daddy's got some bills to pay. Come on now. It'll happen. You have to be patient in this business and do it over the long haul. Alright.
And then our fees in mempool, mempool.space. Great website, by the way, if you've not been to it. Lots of insight there. But right now, we're looking at, well, it actually went up a little bit. I'm gonna go ahead and read this. So it was 455 when we noted this just a few minutes ago. Low, medium, and high priority. Things are kind of fluctuating a little bit. We've got about 623 megabytes of unprocessed transactions. It does look like we're actually building up a little bit. So, we we when I noted this down, we were at 264. Actually, you did this, Kenshin, but you noted 264130 4, which that wasn't too long ago. Now we're at 275,000.
So I have a feeling we might be getting some more of those rooms or whatever that crap is that they do. I don't know. What what are the kids doing these days, Kenshin? I don't know. Grandpa's sitting up here on his porch feeling feisty today.
[00:05:40] Kenshin:
I don't know either, but I think you're right. I see a lot of tiny transactions with OP return, and those are runes. Those are runes? Yeah.
[00:05:49] McIntosh:
Yep. So Yep. Alright.
[00:05:52] Kenshin:
Up the they have low fees now, so I like it.
[00:05:56] McIntosh:
So what is up with you? How was your week, Kenshin?
[00:06:01] Kenshin:
My week was, quite good, except the usual Fiat mining of my Fiat. Except for the job. At work. Yes. Yeah. I had a really nice weekend. I went to meet some family members, and we planned it to to meet with them and sit down and concentrate on Bitcoin, go through some slides, go through some websites, some charts, some information.
[00:06:28] McIntosh:
Cool. So you were, like, prepared. Should I just call start calling you mister Sailor? Not that late, excuse me. Did it take 3 minutes? Well, you'll understand later, guys, if you don't yet.
[00:06:42] Kenshin:
Yet. Take through me first. It's good a few hours actually. And, no. But we went through actually, we went through mempool.space. Really nice web sites for beginners to understand how the transactions are moving and the blocks are being created and the reward system. So it actually puts, let's say the theory into an image. Right? Right. You can visualize
[00:07:13] McIntosh:
the theory. For for those of us who are visual learners, it's very helpful. And I happen to be one of those I've kind of figured out over the years. So good stuff.
[00:07:26] Kenshin:
So by the end of it, I think they got, yeah, a good understanding. Of course a lot of questions still remain, and uncertainty. And of course it's, yeah, the what if scenarios. But apart from that, they are ready to start, stacking some sites, set up a DCA. I suggested them strike since they came in, in Europe. Strike has been very, very competitive.
[00:07:54] McIntosh:
Everywhere in Europe at this point?
[00:07:57] Kenshin:
Yeah. I mean, Europe,
[00:07:59] McIntosh:
I would guess the 20 something countries that are in the European Union. Actually, it's not in Italy because that came up on the podcasting 2.0 podcast. One of the I think it's Cast O Matic. He lives in Italy, and they're looking at integrating the strike system or whatever so that it's easy to onboard people. Sorry. I didn't mean to interrupt, but, yeah, for some reason, Italy, they don't have strike. So it's actually a problem for him. But I think, basically, in general, everywhere in Europe other than that.
[00:08:32] Kenshin:
Yeah. Yeah. I think they they mentioned in their website which countries they support, of course. Right. But I would I would say when you DCA with Strike, my favorite part is that they don't have any fees.
[00:08:44] McIntosh:
Yes.
[00:08:45] Kenshin:
I love it. But the what the price of Bitcoin is at that point, that's what you get. Right. And it's really, really good. Especially when you compare it with the Swedish websites. They are
[00:08:57] McIntosh:
terrible with this. I have used Strike essentially since they came out, and I've had one issue. I dealt with their support. They were very good. We solved the issue. I don't even remember what it was. But I I I don't DCA with strike because I have my minors. That is my DCA. So Macintosh is not being a hypocrite here, ladies and gentlemen. But if I were buying on a daily basis, it would be with strike. I mean, honestly, no doubt. It's a it's a great program. Jack Mahler's the guy behind it. I wished I was Jack Mahler's. There's a few people I wish I was, but he's like he's like in his if he's at not, he's gotta be Late twenties. Yeah. Late twenties, maybe early thirties. I think he is in his late twenties. Dude has built a business. Let me tell you. And he is so grounded.
He literally owns what did he what I've heard him say this. Like, some clothes. I'm not sure he owns his house, and I don't think he owns a car. It's crazy. Like, he is so focused on what he is doing. Anyways, Jack, if if you need somebody to adopt you, just just let me know. And then maybe we can do a a reverse inheritance. I don't know. Anyways He's great. Strike is a very responsive.
[00:10:27] Kenshin:
Yeah. Okay. Yeah. And I have even sent comments, and he replies on Nostra. Right. He's on top of things.
[00:10:35] McIntosh:
Yep. Alright. So what about their, so that's a lightning wallet, and it's a great way to get started. Do they did you talk to them about anything else?
[00:10:45] Kenshin:
Yeah. I mean, they already had a blue wallet, a hot wallet in that sense. Okay. And, yeah, we're going back and forth. Should we make another wallet and and how? And I said, okay. But stay with it. Seed signer? For sorry. Exactly. No. Precisely. That's what I have in the comments. I don't know if you saw it. I did see that, but I I I take every opportunity to promote Seed signer.
[00:11:10] McIntosh:
And I, of course, don't get any compensation from that, but it's a great product. And we've actually breaking news. I don't know that it's official, but it does look like they're gonna be putting out a version pretty soon, it looks like, that has a bigger screen, which for someone like me who has, vision issues, that's a blessing. And he's changing the, the little input thing. The little it's like a little joystick almost. I hate that. It's a joystick and a button on the other side. And that's getting changed as well. So my two biggest gripes are getting fixed, are being made better. So, I am really looking forward to that. Even though I already have 1, I will probably be buying another one and then make that like my backup or something because I just can't help myself. Because I do use it. So those things actually do matter to me. It's not like it sits on my shelf, and I only bring it out once a year to make sure that I still got my Bitcoin.
[00:12:12] Kenshin:
It's really good. And, I that that was my suggestion also to them even though they're beginners. It's so beginner friendly. Their interface, it's so easy to use and sign in with the QR codes.
[00:12:24] McIntosh:
Make sure that you hook them up with the Telegram group because that group is super supportive. Oh, really? Okay. I didn't know that. Nice. Remind me. We'll put that in the show notes.
[00:12:35] Kenshin:
Yeah. And, actually, that's that's another question. What if if an experienced listener has another suggestion, what would you suggest, for a Bitcoin wallet for beginners? But that is a bit better than just the hot wallet, I would say.
[00:12:54] McIntosh:
Okay. Sounds great. They can boost in and, let us know what they think about that. We'd love to hear from them. Alright. Very cool. So the last week, we did have Thanksgiving. I know that that was a bit ago since whatever, and we had a great Thanksgiving. We went over to my in laws and ate all the food and did all the things. I will say this, and I won't say who it was, but someone came up to me and said, man, that Bitcoin's really doing good. And I'm like, it was a family member that I helped in the past get started at Bitcoin. I'm thinking to myself, yep. I've only been saying it was gonna do this for, like, I don't know, 6 months.
It's good to have some, what story? Well, it's it's it's I'm glad it's finally come true. So, yeah, we had a good Thanksgiving. I did wanna actually mention this. So I during the week, night before last, I had some, quote, free time between, you know, midnight and 2 AM. So I, I've been wanting to play with this nix based, nix OS, which is a a Linux based operating system. There's a, I wouldn't call it a distribution, but there's a a a group of packages called, like, Fortnix or something. It's like Bitcoin centered. Okay? So it makes it very easy to set up a Bitcoin node, a lightning node, I don't know, your own mempool space, all of this kind of stuff.
Now to start with you, you have to build a next server, which I've done in the past. It's non trivial. I like next, but it is a different paradigm for those who even if you're familiar with Linux, it is different. Anyways, I did actually get the base Nix distribution set up on a VPS. So one of my VPS is with Hetzner, that I use for hosting our websites and all that kind of stuff. I actually had one that was basically just just sitting there idle, and I'm like, you know what? I'm just gonna rebuild this in Knicks, and then I'm gonna put on this this package group. I should look that up. I I wanna say it's Fort Knicks, but I may be just pulling that completely. If you Google nix Oh, it actually is.
It's Fortnix is the name of the like, the GitHub account or whatever, but it's nix Bitcoin anyways. Whatever. It looks really promising, and I'm wanting to set up another node. And I do wanna set up a lightning node and again, which it's been a couple years now since I've had one and start experimenting with that with some stuff. So, anyways, I'm, like, halfway there. So now I'm actually ready to start doing these, the Bitcoin packages themselves. So hopefully later this week, I can do that and then come back and say, hey. I got my next, you know, Bitcoin node up and running or whatever. So we'll see how that goes.
Alright. That's pretty cool. Okay. What is our topic this week, Kenshin? We've got a couple of things to talk about. Right?
[00:16:17] Kenshin:
Yeah. Should we discuss about the BRICS and, the Trump, announcements that he wants to place? Yeah. Let's talk about that.
[00:16:27] McIntosh:
Orange man, is out there making noise. And I have told y'all repeatedly, I'm not a Trump supporter per se. I don't really I'm not a I I I find politics, the older I get, just frankly, more and more offensive, because I've been failed so many times. But, this is a prime example of something that, frankly, I just don't agree with. So there was news that that broke this week. So he came out and he said, I am going to impose 100% tariffs on the BRICS nations, if they create a rival currency to the US dollar. Now, I don't have a problem with tariffs necessarily.
It depends on the situation very much. In this case, it's very clear what he's doing is weaponizing the US dollar. Now I've touched on this a number of times in the past. Maybe at some point, we should actually just make a a an a full episode about this. But since the Bretton Woods agreement, Bretton Woods agreement post World War 2, the US dollar has become the de facto, you know, global reserve currency in the world. It's being used to trade back and forth all across the world. And the problem is that gives the US an unfair advantage in basically all forms of finance.
It is perfectly normal for a group of countries, in my opinion, I'm maybe I'm crazy, but to say, hey. We don't wanna do that and we want to trade among ourselves in whatever form of currency that they come up with. They can agree to the Chinese yuan. They can agree to the, Indian rupee or the Brazilian, I think it's a peso or or the ruble from Russia or whatever. But the problem with that is that then gives an unfair advantage to whatever that country is that they choose to use that currency. So the BRICS countries in general were looking at what can we do? They were talking about a gold backed currency for a while, which, yes, that on on the one level, that's a sound money. It's being backed by gold. It makes a lot of sense. But on the other hand, gold has inefficiencies.
It's difficult to verify gold across the world, for example. To me, the obvious choice is Bitcoin. We'll see how that works out. So far, they have not settled on that. But now Trump has come out and said, you guys can't do this. We're going to defend the US dollar. And I'm thinking to myself, on the one hand, Trump goes to the Bitcoin conference that says, Bitcoin. Great. We're gonna get a strategic Bitcoin reserve. We're gonna do this. We're gonna do that. Yeah. Yeah. Yeah. And then on the other hand, even knowing that our US dollar is essentially backed by nothing except the US military, we're gonna try and continue to make that the global US currency and it makes no sense to me. Now maybe I'm just too logical or maybe I'm not logical enough. I don't know. And maybe this is a negotiation tactic. So I will say this with Trump very often, he will say outrageous things in order to then kind of that's where he comes in at and then it ends up somewhere in the middle or he gets what he wants because, you know, just as a threatening tactic. So maybe, I don't know, but I can 100% say that's a really bad idea.
I I do not think cup countries should be threatening each other over currencies. I mean, honestly, it's interesting because not to get off on a tangent, but just a week ago, Javier Millet was up here talking to Trump. And Javier very famously is a libertarian. And one of the things that he's trying to do down in Argentina is basically allow people to use any form of currency that they want. Because as a libertarian, that's one of the principles you should be as free as possible. This is the exact opposite of that. This is threatening with a big stick that you use my toy or I'm going to go home. So I I don't know. I don't know where all this goes. There's other news this week that ties into this as well.
Putin has come out in some recent speech or speeches. I'm not sure which. And he's saying very, very positive things about Bitcoin. I've got some of that on my Twitter feed, which I don't have up right now. I'll bring it up in a in a minute, maybe when we're going through the news. But he's saying things like Bitcoin is unstoppable and whatever. It's becoming very obvious to me, and I've said this in the past. I thought Russia was already stacking Satoshis. I think that's what they're going to be doing very, very soon if they're not already or increasing what they're already doing. Because we've backed Russia into a corner financially. We pulled them off the swift network. We've done all this stuff.
They've had to improvise. And it's I believe it's made him realize the validity of Bitcoin and and what a powerful tool for a nation state that that can be. I will now stop. I will cut myself off.
[00:22:11] Kenshin:
I just I can interject and to see what, which which are the BRICS countries because I know some people don't know.
[00:22:19] McIntosh:
Well, this actually says 9 countries here and it gives a list, but I actually thought it was a lot more than that. I keep hearing that these countries are joining BRICS, so I'm not clear. Do you know what the initial countries are offhand?
[00:22:34] Kenshin:
Well, I see them in front of me. Okay. I know it's Brazil, Russia, India, China, and South Africa. Right. Right. And now it's expanded to Egypt, Ethiopia,
[00:22:47] McIntosh:
Iran, and United Arab Emirates. Right. But I've actually heard a lot longer list, like 20 plus countries more than that. I don't know which is correct. Still in the process. Maybe. They they have potential candidates in future membership I see on Wikipedia to look It takes them a long time to fill the membership card out. I I
[00:23:09] Kenshin:
I don't know. To pay to pay the membership. To pay the membership dues.
[00:23:13] McIntosh:
Gotta do it in Bitcoin. No. I don't know. But it's clear to me that bricks itself is somewhat disorganized. They have not decided yet how they wanna move forward in terms of international trade. I believe ultimately, they will land on Bitcoin, and they may actually be a big reason why global trade is conducted through Bitcoin. If these countries start trading in Bitcoin among themselves, do you not think that that will drag other countries into that? I think so.
[00:23:44] Kenshin:
Yeah. And that's a European, seen on the other side, the US, how they have been behaving for the last few years. It it is a bit scary. It feels like the big bully Mhmm. That
[00:23:57] McIntosh:
I can 100% see that. And I don't understand why a lot of people don't. And it's not the Trump administration per se. This has been going on since the 19 forties, the late forties. And I believe it's caused I know a lot of people would disagree with me, but I believe it's caused a lot of damage in the world. I do. And it's one of the reasons why I rail about it so much and so long and so loud. Because I think it's really important that we get off a global reserve that is controlled by any one country. I don't want China doing it. I don't want Russia doing it. I don't want France or any European country doing it. I don't want anybody controlling it because that gives them an unfair advantage. And to me, Bitcoin fulfills that so perfectly.
[00:24:48] Kenshin:
I agree. And I think they will come out to that conclusion because I think they have tried a few different currency ideas. Yes. And they will all fail eventually. They will.
[00:25:00] McIntosh:
Yeah. It's just a matter of how much pain are we going to be involved in until we get to the right answer. Exactly. And I just I wanna speed that. I don't like pain. I just wanna speed that process up. Okay. So what is our second bit of news? The other bit of news is,
[00:25:18] Kenshin:
Michael Saylor participated in the Microsoft's shareholder meeting. He posted a video through MicroStrategy, his company, where he is CEO and founder. And it was a 3 minute long, presentation. He went in those 3 minutes, he went through 44 slides of PowerPoint. So some slides he literally just passed through a second. And when I was watching the video on YouTube, I just had to pause the the video to see some of the slides. And, basically, his thesis is that Bitcoin is digital capital and that, Microsoft should embrace the technological shift or they will be left behind, essentially.
So so, yes, throughout those 3 minutes, he he described, where Bitcoin is, and, he even mentioned that it's more valuable to to invest in Bitcoin than to buy their own shares back. Right. And and that's absolutely right. And if you see some charts of how Microsoft has performed or any company for that matter, I mean, Bitcoin has outperformed all of them, so it makes sense to do that. And she has done that with MicroStrategy, so they have the playbook to do that as well. It was a good presentation. It ended a bit abruptly. I don't know. Maybe because of time.
[00:27:01] McIntosh:
So his last slide
[00:27:03] Kenshin:
yeah. His last slide was, something like, so now do what's best for your company, shareholders, customers, and the world. But what he said is just do what's best for the world, something like that. So what he said, it was a bit, it felt a bit abrupt and out of place. But when you saw the slide, it made more sense. But I think he had a limited time and, right.
[00:27:31] McIntosh:
I I thought, frankly, they were very mean to him in the sense that they literally gave him 3 like, a 3 minute slot to talk to their board of directors. This is the CEO of I, I think it's the fastest growing company in America right now. He's, you know, this is he's been around a long time. And to disrespect him like that and say, well, we'll give you 3 minutes. Because what? You're you're missing cocktail hour? I I don't I thought I just thought it was really disrespectful, and I I I thought I thought he did brilliantly, frankly. I'm I wonder how much he practiced. I could not do a 3 minute presentation like that. Certainly not with that much volume.
I mean, I'm just getting started in 3 minutes.
[00:28:21] Kenshin:
I I think he's he's been talking about it for so long. So in the presentation, even though it's 3 minutes and he goes through 44 slides, he was so calm and so slow to talk and go through the information in in such a good pace. Right. I think he's he's been talking about it nonstop every day for 4 years, and those slides are I've seen them before. Mhmm. Some of them, especially, with a total value and equities around the world and things like that. So so it seems that, yeah, it is his bread and butter at this point. And a slide that I I really like to see, and I haven't seen it for a while, is the the market cap of, the top 10 assets in the world.
So we have at number 1, the gold at Mhmm. $18,000,000,000,000 at this point. And Bitcoin right now is at the 7th position Mhmm. With $1,900,000,000,000. We've been saying for a few months that, Bitcoin passed silver. Right. And it's right now, I don't remember, it's 1 point.
[00:29:29] McIntosh:
Yeah. Anyway What are the other do you have the list in front of you? What are the other ones in between gold and Bitcoin real quick? So we have Gold at 1, Nvidia,
[00:29:40] Kenshin:
Apple. Microsoft is at 4 with 3,000,000,000,000. Amazon, Google at 2,020,000,000,000, and Bitcoin at 1.9.
[00:29:49] McIntosh:
So you you mentioned that Microsoft was in that list. 4th in that list. I'm gonna make a prediction, and I shouldn't do this. But if they choose not to buy Bitcoin, if they don't become involved in Bitcoin, let's say for the next 2 years, I wanna give a timeline to this. They will not be 4th in that list. They will be built well, they will be below Bitcoin. I will say that.
[00:30:18] Kenshin:
By the end of this time next year? 2 years.
[00:30:22] McIntosh:
2 years. So 2026.
[00:30:25] Kenshin:
Okay. I can put my prediction at this time next year.
[00:30:30] McIntosh:
Yeah. You can be smart and wait.
[00:30:34] Kenshin:
If they don't adopt Bitcoin this time next year, for sure, Bitcoin is over then.
[00:30:38] McIntosh:
Well, you're even more ambitious than I am. Alright, I think we've got a question for the audience about this. So will Microsoft stack Bitcoin? They're having their, well, they had the meeting right? Now we see how it goes. I think by the end of the year or certainly by early next year, we will know if they're stacking Bitcoin. As a as a public company, they have to release when they do that, I think. So we'll know soon enough. I'm sure Twitter will be all over it saying what they think. But, apparently, it's up to a few people in a room, to either make the smartest decision in the world or the dumbest.
So very cool.
[00:31:34] Kenshin:
And as I've heard, one of them is the one who initiated the talk. Right? The subject. So I don't know. I don't remember the name, but one of them wanted that, subject to be on the board Okay. To be discussed.
[00:31:49] McIntosh:
The only thing I've heard about that is it was an activist investor. So I didn't I did not actually realize they were on the board.
[00:31:58] Kenshin:
Okay. Maybe I'm I'm wrong. I'm not sure. I don't remember the full details. Okay. Could but to to end up actually on the board for discussion must have been someone important. Yeah.
[00:32:10] McIntosh:
For sure. For sure. Very cool. Well, we will just have to wait and see, unfortunately.
[00:32:18] Kenshin:
And What do you think, Macintosh, are the implications if Microsoft starts buying? Is that gonna be It's just I I believe it's gonna be a high signal for everybody. Right. It's just more fuel on the fire.
[00:32:32] McIntosh:
At some point, one of the what do they call them? FAANG companies. Right? Amazon, Facebook, Microsoft, I don't Nvidia. They're going to start buying Bitcoin. And when they do, it will signal to all of corporate America that the right thing to do, the smart thing to do if you're the CFO of a company, is to stack sats, and and it will ripple out from there. You will see major companies start investing, and and, frankly, at some point, they're not going to have a choice. They will stack sets or they will die because there are a lot of what I would call zombie companies out there, companies who don't make a profit, who live off of I don't know. I'm not sure how they live. But it there's an amazing amount of companies who literally have have never made a profit. There are some, Microsoft is one of them, if I'm not mistaken, who who make a lot of profit.
Apple, both Amazon and Apple, both make a lot of profit. But they have huge stacks of cash, and they have to realize that that having that cash sitting there doing nothing, losing value in very short periods of time is not a good thing. So you will see it from both the struggling companies and the companies who are just looking to increase their their earnings. You know? So this could be the signal. It could be the signal for all the other FAANG companies to start doing this. It could be the signal for, you know, major, like, I don't know, HP and IBM, all of these really big corporations, to start investing as well. The big businesses, they're just a bunch of scaredy cats. They don't wanna go out on because maybe for good reason you could argue. Right? But they don't wanna they don't wanna be risky.
But at that point, Bitcoin is not risky. If you've got Microsoft buying it or Amazon or Facebook or whoever. I mean, we could sit here and say, well, my my sailor's company. MicroStrategy is is a really big company, and they are kind of a big company, but they're not that big. So anyways.
[00:35:05] Kenshin:
My wife actually summarizes this situation very nice. She has started saying this thing lately. If the rich one want to stay rich and and keep being competitively rich Yes. They need Bitcoin.
[00:35:20] McIntosh:
They want it or not. They they need to to have it. Right. And we're gonna start to see the sovereign wealth funds, the family offices, all of these places. They're already starting. I believe we already have nature. Well, aside from El Salvador, let's set aside not to dismiss them. El Salvador, Bhutan. I believe there's other nation states who are already stacking sats, but that hasn't come out in the open yet. But this flywheel, it's going to pick up speed very, very rapidly. And, you know, I kinda dismiss people. I think his name is Samson Mao. He's the head of I can't he created Aqua Wallet. I'm sorry. I can't think of the name of his company.
But he has been running around for quite a while talking about a $1,000,000 Bitcoin. And I don't have any problem believing in a $1,000,000 Bitcoin, by the way. I don't. I just don't know exactly when that's going to happen. But what I'm starting to think is that if we really start seeing nation state adoption and and big business adoption beyond the ETFs, it might actually happen quicker than we think. It might happen a lot quicker than we think, and it will get crazy. I'm not saying it will be next year, but it may not be long. I mean, there are people who literally think it could be next year, and I just I almost dismiss that. I mean, I don't wanna I don't wanna, like, say it's not possible, but I think it's very improbable.
I'm not betting on it. If you are Kenshin, please let me know because that tells me something about you. No.
[00:37:09] Kenshin:
But, somewhere in between, maybe, max.
[00:37:13] McIntosh:
I I think it's I I do think this cycle is going to be higher than what people even a year ago were thinking or 2 years ago, certainly. Right? I think a lot of people prior to the last few months have been thinking, well, we might get up to a 125 or so, maybe a 150. The crazies were saying 200. You know what? I think a 125, a 150. I man, I'm I must be on to something, Kenshin. I don't I'm gonna go ahead and make another prediction. I almost think that a 150 is in the bag.
[00:37:51] Kenshin:
Yeah. That's berries.
[00:37:53] McIntosh:
Right? Exactly. So I don't know where it goes from there. I don't think it gets to a1000000, and I'm not gonna say that. I don't think it gets to 800,000. I think that would be extreme. But could it go somewhere between 25,000? I certainly could see that. And look, if if that gets you all excited, that's good. Now do something productive with it. And stack sats. Like that's where we're going. Okay? Do the DCA that we talk about all the time on here so that when we get to that level, whether it's next year or 4 years after or 4 years after that, you will be prepared and then you will be a happy person.
[00:38:38] Kenshin:
And when we say do the DCA, it's the dollar cost average. Right. Buy a little Bitcoin every day or every week, no matter the price. And then you get a good average price over a year's time. And I know this is hard.
[00:38:51] McIntosh:
It it is super hard, but try not to worry about the price. It's so easy to get caught up in it, but the price is just the price. You just keep doing your work and prepare for your financial future. Kenshin, I have less than 30 minutes until I have a heartbreak, so we are going to have to move on. I'm sorry. But we've got a couple more major things to cover here, and I wanna give everybody their time.
[00:39:19] Kenshin:
Yes. We have a news item that, Coinbase, he's the product director, Scott Shapiro. He posted on, Twitter x that, Coinbase customers should connect to Coinbase without a VPN or ad blockers. Otherwise, they would be maybe blocked from the platform.
[00:39:46] McIntosh:
You know what Coinbase seems like to me? They've been in this space for a long time. They're like old tech. Okay? They can't change. They don't wanna change. It's hard for them to change. I'll say that. And it's like it took them forever to integrate lightning payouts. I've used Coinbase. I've used it a lot in the past. I don't recommend Coinbase for anyone anymore. And if you have money on Coinbase, I would think about moving it. You shouldn't be keeping your money on exchanges anyways. But if you especially have it on Coinbase, don't keep it there. Put it in cold storage on your seed signer. Right? And one of the things that concerns me frankly is if the United States sets up a security, strategic Bitcoin reserve, God, I hope they don't just dump all that in Coinbase because Coinbase is the biggest and they do this for a lot of companies and different things and whatever. Just because I that is a really, really bad idea.
But, yeah, this stuff is nonsense. Like, who doesn't use VPN? There was something else as well. It wasn't just the VPN or at least I thought I saw something. Ad blockers. Oh, ad blockers. Right. What like, because this indicates that I want to do fraud? No. It indicates that I'd see too many ads.
[00:41:10] Kenshin:
Oh my god. I think that was messing up with their analytics.
[00:41:15] McIntosh:
I don't care very well. Analytics.
[00:41:17] Kenshin:
Exactly. But they probably monetize those analytics or share them There is. Yeah. To some 3 letter agencies here and there, probably.
[00:41:26] McIntosh:
Right. So I think you hit the nail on the head. So we'll have those tweets in the show notes and a link to it. What happened today? What's that? He post
[00:41:37] Kenshin:
he he got a lot of bad reaction Oh, I'd by, like, 99% of the comments. And then he posted today, another an a thread to explain himself that, oh, maybe you misunderstood or That's not really what I did. It was poorly awarded and caused a lot of confusion. So let me explain, and we support the rights for VPNs, etcetera, etcetera. So You know? He took it back. Yeah. Brian Armstrong is the CEO
[00:42:09] McIntosh:
of Coinbase. And he was a pioneer in this industry, and I wanna give him credit for that. But look at what he talks about. Look at what he says. He talks about Bitcoin very, very little. And Coinbase is promoting these casino coins. Right? They just listed a couple more today or yesterday or what. I don't know. I don't keep up, but I did see a Twitter post or something that they were promoting or that they had added these 2 casino coins. Why is that important? Because as soon as they get on on Coinbase, they shoot up because of kind of the Coinbase effect. Well, you know what?
I don't think that that's okay. Because Brian Armstrong and everyone at Coinbase knows that 99% of these projects are going to be failed in the next 5 years, and they're going to be worthless. And they're just doing this to make money off of these people. And I'm not okay with that.
[00:43:10] Kenshin:
I'm not. They are the only ones who benefits.
[00:43:13] McIntosh:
They and the ones who start those casino coins. Well, the the casino coins pay to get listed on Coinbase. I I'm I'm pretty sure that that is a I better not say that because I'm not a 100% sure, but I understand that that's what happens. So it's it's a big money thing for them. Always look at the money angle on this stuff, ladies and gentlemen. There's always an incentive. Anyways
[00:43:40] Kenshin:
Okay. Let's move on. Yes.
[00:43:42] McIntosh:
Please tell me about this one because this one's got me. I don't I don't know.
[00:43:47] Kenshin:
So they they they put yeah. Volato. So they they put Bitcoin miners everywhere. Right? They put them in hydro hydroelectric dams. They put them in volcanoes now. So now this company, Volato, they are an aviation company. They offer services to airplanes, and they have some small, private jets as well, I think. Or at least they they, equip them, to a premium standard. And, they develop some mining Bitcoin mining solution. Mhmm. So when the airplane is flying through the air, especially at high altitude, it's using the excess resources of the aircraft in a way to mine Bitcoin in a way that it doesn't affect the the aircraft.
And they use, they say, I think the cold air, of course, of the high altitudes Mhmm. To their benefit as well. They don't say exactly how, but I assume it's to cool down the miners. And, yeah, they're very proud. They have, filed for a patent for, for a year now, if I'm not mistaken. And, they say with the proceeds, they can also use, that Bitcoin to to invest in sustainable aviation fuels and fund other, carbon, carbon prod projects that they they might have. So so they they say, basically, that innovation will come back to the industry.
[00:45:23] McIntosh:
I'm gonna put this up there with we need to put a Bitcoin note on the moon.
[00:45:29] Kenshin:
Probably.
[00:45:30] McIntosh:
The only thing in this that makes sense to me is well, there's 2 things. The the cold air, that's absolutely true. It will help. And it says that they use the excess energy, but why would you have excess energy? Because to run a Bitcoin miner, we're I mean, the the smallest ones I know of are like 1.5 kilowatts of continuous draw power. That's not a small amount of excess energy. I I don't know why a plane would have that much energy. And if you're generating energy just to drive these, then you're burning fuel to do that. That's the only source that of energy that they have. So you're taking jet fuel, you're converting it to electricity, and then you're running that to your Bitcoin miner to run the miner while you're in flight.
How is that efficient? I mean, I'm over here dying over half a cent per kilowatt. I cannot imagine running jet fuel through a plane engine to generate power power. It's very fuel efficient and and makes sense. I I don't know. That just maybe I'm missing something.
[00:46:47] Kenshin:
I think it might have to do with the actual air speed. So it's a lot of, inlets to to measure the air speed. And so it might be using those existing because they say they use the existing, resources and, technology of the planes. So they tap into some sort of, yeah, in any case, air speed or some other way that it would go to waste or just pin a air speed,
[00:47:17] McIntosh:
sensor. There may be something about this. I don't understand. It just I don't know. We'll see how it goes. I'm not signing up. I didn't even bring up well, I will bring up as a third issue or whatever. The Internet connectivity. Yes. Most planes have Internet these days. But if you've ever been in a plane, that Internet is not that great. And for a Bitcoin miner to hash, it does need to have a reasonable Internet connection. It doesn't have to be huge fat, right, like a big pipe, but it needs to be stable and reliable or it'll solve a block and then not be able to get the results out. And then you lose that block because somebody else finds it. Right? To put it in simple terms.
So I don't know. There's a lot to untangle there. Best of luck. It would be kind of interesting to fly on a plane that was mining Bitcoin while you flew along. That would be that would be a life experience for sure. Alright. And and last, we've got Virgin Voyages.
[00:48:29] Kenshin:
Yeah. And this is a cruise line, company from from Virgin. Mhmm. So it's the cruise ships. Now they say they are the 1st cruise ships to accept Bitcoin as payment to go on the cruise. So they recognize now that, some Bitcoiners might have some excess Bitcoin that they want to
[00:48:52] McIntosh:
to extract from them. Hey, Kenshin. Do you got an extra $120,000 US? I don't know how many euros that would be, but, like a €100,000? Yeah. You can buy a unlimited cruising for a year for a 120,000 plus taxes and fees. So have you ever been on a cruise? So it's 1 Bitcoin. It's only 1. It's only 1 Bitcoin. You can surely spare that.
[00:49:18] Kenshin:
Yeah.
[00:49:19] McIntosh:
Yeah. Have you ever been on a cruise? No. I have, I've been on one, like, how many years ago was that? 4 or 5 years ago? For one of our anniversaries, my wife and I took a cruise, and I I actually enjoyed it. I have a problem with, like, working too much work. And being on a cruise ship with very limited Internet forces you to not work. I did manage to squeeze in some work, but I also got done a lot of reading and a lot of just sitting watching the scenery and too much eating, to be honest. And we had a good time. We did. We we we really did. So, we're looking to do it again here at some point.
Cool. That will definitely and their target audience is, like like, I think it says Gen z or Gen x. Right. Very much would be the Bitcoin kind of market. So, very cool. I think we'll see that a lot more as a lot of these other things over the coming years. So alright. Very, very interesting. Alright. Software updates. Yep. Let's roll into the software updates. I wanna talk about tails. We've got version 6 dot 10 came out. Tails is a, basically, a little bootable operating system, like you could we I get you. And I'm so old. We used to boot these off CDs, off USB sticks or, I guess, theoretically, CDs like an ISO or whatever.
They've got a number of updates in here, bug fixes, that kind of thing. If you're happen to be using tails, you should probably be looking at this and getting upgraded. I will say in terms of security, if you got a substantial amount of bitcoin and you're worried about security, this this operating system is basically a really great way to build a really secure set up. It is definitely more trouble, but it would be worth it. So very cool.
[00:51:35] Kenshin:
Good. Then I found this, it's an online game. I would call it interactive science fiction game. It's called Saving Satoshi. The website is saving satoshi.com, and it's a fictional story about the year 2,139.
[00:51:59] McIntosh:
2 weeks from being mine. Oh my goodness. This is exciting.
[00:52:05] Kenshin:
Yeah. Exactly. So they they say it's an educational, web page about Bitcoin. So you can, play this game, with with a fictional story and learn some concepts about Bitcoin. But I think it's a bit more geared towards developers, so you learn a bit more the program inside of Bitcoin. This is cool, though. I think I think it's really cool. I I will try it tonight, actually. Yeah. These chapters It has a lot of chapter Right. It has a lot of chapters, but, so it will take time. It's, it's And it's completely It looks very exciting. It says it's open source, like, literally, you can go look at the code. It's on GitHub. Yep. That's that is cool.
[00:52:48] McIntosh:
That is cool.
[00:52:51] Kenshin:
Alright. And the story is exciting because it says as a first step that, it's about to the last Bitcoin, reward is about to to be released with the last block, and the miners stop their mining as a protest because they don't want Bitcoin rewards to stop.
[00:53:12] McIntosh:
So there would be transactions. Anyways, that's that's a Yeah. Subject for another day. We actually really should talk about that because Yes. We sure. I have had somebody recently. We were talking about Bitcoin and and, you know, they're new, but they're fairly nod knowledgeable kind of thing. And they're like, well, what happens after 21 40 when all the the the block rewards are gone? And or they actually, what they said was the last those that last cycle, it's only 1 it's literally 1 satoshi for the last. That's the reward. So that satoshi is gonna be worth so much. I'm like, well, I'm not gonna speculate about that, but I really don't think so because there's so many Satoshis in a Bitcoin. It's a 100,000,000.
Right? And the the levels to make that one Satoshi worth a lot of money would just be so astronomical. It would blow your mind. Like, I mean, we're probably a $1,000,000,000,000
[00:54:08] Kenshin:
Bitcoin. Right? No. More. Is it more? Calculations. Okay. It's more.
[00:54:12] McIntosh:
So the my point is it's not just that Satoshi. It's that Satoshi plus the transaction rewards, which right now maybe they're only 5%. But I believe long before then, they will be far bigger than the block reward itself. Okay? Because the network usage will grow and that's how it's done. It's through transactions across the network. And so that will be what those miners are really competing for. And I think it will be long before 21/40. But I still wanna go look at this. This looks really cool. So alright. Let's talk about Kibo Kybo? Kybo?
[00:54:59] Kenshin:
Yeah. That's, version 0.5 point 0. It's another open source project that, has a lot of Bitcoin statistics
[00:55:10] McIntosh:
on, so This is actually really new. I've only I the oldest file I see on here is only, like, 3 months.
[00:55:17] Kenshin:
Yeah. It's quite new, but it has really nice graphical statistics. Of course, the price, the blocks, a lot of other things. But what caught my attention was actually the they have a simulator, a DCA. We talked about DCA earlier. Mhmm. They have a DCA simulator. So you put how much you would like to save per day, from what period of time, till what period of time. And, based on the Bitcoin price over time, it shows you what you would have Eric, cool. Kenshin, I have an idea.
[00:55:48] McIntosh:
Something you need to know about me. By the way, we're at 99,000. We've gone up $2,000 since we started recording. Oh. Yeah. We may be fixing the trial. I see. Everybody look. I said the block we were recording at. So when I when we blow through a 100,000 and keep I didn't do this in reverse. Okay. I'm just saying, No. We're 99. It looks like it's gonna test a 100 again. Crazy.
[00:56:17] Kenshin:
94,004 Euros.
[00:56:19] McIntosh:
Crazy. Crazy. What was I saying? I got distracted. Oh, it's something you need to know about me. I have ideas all the time. I got stuff. There's I have a list. I have a friend who loves lists. He never listens to this podcast. One of my favorite people in the world, but he keeps lists of everything. I have a list of all of my ideas. There's, like, 100, and I have a new idea. We should put this on a website on our website. Okay? Right. So that people can go in and see, oh, if I started DCA ing $10, that would be cool. Yep. That would be cool.
[00:56:59] Kenshin:
I know another Bitcoin podcast that has that on their website.
[00:57:04] McIntosh:
This product or or something similar? Yeah. I think I know what you're talking about. It's similar. Yeah. Yep. I think this would be cool, though. Let's let's let's look at that. The last thing I need is something else to do. But yeah. Alright. Albie go. 1.7.2 is the last one. This is a lightning mobile wallet. Yeah. It's connected to most of the Nostra integration. This was not the first release with Nostra, but, yeah, it does look like that's a lot of what's going on. Not surprising. Albie is pivoting these days. I mean, to be honest, it's actually causing a lot of angst, a lot of grief in the podcaster world because they were supporting wallets for podcaster type things, and they've stopped doing that. As of actually today, I think.
But yeah.
[00:58:00] Kenshin:
I need to make my own RB hub to move my RB wallet there.
[00:58:05] McIntosh:
Yeah. You need to get your stuff off of there if you've got it out. I had a few sats in 1, and I just moved it over to my fountain wallet a few days ago just to clean it out. Kinda sad, but they're that's their business choice. So alright. Alright, sir. Let's wrap this puppy up. I do wanna talk about this for just a second, if you don't mind. The clipping thing. And then maybe, Kenshin, you can do the rest of it. I wanna talk about clipping our episodes because I've been saying something and then I'm going to I wanna say 2 things. First of all, I fell down on the job. And then second of all, I'm gonna place some blame somewhere. Okay? But I have told y'all in the past, if you clip an episode, if you go into something well, I think you can only do this in fountain. And you clip, like, 1 or 2 or 3 minutes from an episode.
I would boost you back and you post that on fountain. I would boost you back. I have not done that, and it's not because I didn't want to. For a long time, I did not see them. They were buried down in a menu or whatever, and I promise you I didn't see them. Well, I found them like a month or 2 ago. And when I found them, I tried to boost back. And then I found out I couldn't. And right now, fountain has the boost back or whatever on these comments disabled. I asked Oscar about it. Oscar's the CEO, I think, of Fountain.
And because of the Noster integration that they were doing at the time, they had disabled that or whatever. And apparently, I checked back again just a few days ago. It's still not back. So I need to actually circle back to them and find out what's going on with that. Because I feel like I've told you something and then didn't do it. And there have been over quite a bit of time, so some of y'all have been clipping and boosting. And I appreciate that very sincerely. That is actually good lord. We may see a 100,000 on this episode. Now we're at 99177. Sorry.
Anyways, it has to be in the next 8 minutes because I have to stop. Alright. Anyways, I feel like I've let y'all down because I told you something and then I didn't do it. And I we will figure this out. I have not forgotten you. I have not ignored you. It will happen. But that is one of the best ways to support this show in a non monetary way. Those clips get seen and it does end up people hear the show. They hear what we say. They drive traffic to us, which is frankly what we want. Okay? So I felt like I needed to get that out there. And I do apologize sincerely because in the in the beginning, it was simply my fault. I just did not see them.
[01:01:02] Kenshin:
And let's remind the audience really fast is if you make a clip on fountain,
[01:01:07] McIntosh:
in one of the episodes Mhmm. Then we boost that clip by 500 shots if it's a new episode and 300 sets if it's an older episode. I'm gonna go back and boost everybody at least 500 sets because I have no way at this point of knowing without doing a lot of research if it was current or not. I don't care. I I'm gonna make it right. I'm just gonna boost everybody once they get that re enabled. It doesn't keep you from clipping and putting those out there right now. Just understand, I cannot just turn around and boost you back, and I apologize. Again, But I'm hoping that they fix that very soon.
Okay?
[01:01:45] Kenshin:
And, I I need to add if, you want to boost us and give a comment to us because that's the way, this podcast works. Kensh. Value for value podcast. We had people boost us,
[01:01:59] McIntosh:
and we need to talk about that. We forgot it. We forgot. Let's do that real quick, and we're just gonna have to wrap right there because I am running out of time. Episode 186, thankful about Bitcoin. So that was last week. Bitcoin grandma, I love that handle. My new favorite podcast. Thank you from Sweden. I that just made me blush. Anybody tells me this is their favorite podcast. I that's it's embarrassing, but I do appreciate it. And boosted 55100¢.
[01:02:28] Kenshin:
I look back from Sweden as well. Yeah.
[01:02:31] McIntosh:
Y'all can talk in Swedish. I I have no idea what you're saying. She's she's my neighbor. So Alright. And then we had Crypto Connect. I hope I said that right. A simple little message said thank you. That was also on episode 186, and thank you, crypto connect. We appreciate that. Sent 210 sats. And then finally, we had one I had it right here. There it is. Send it, Mike. Great to hear the podcast is back from break. Love the new format and host. Thank you. I appreciate that. Keep it up and sent, 1,069 sats, on fountain and do appreciate that. So we had some love this week.
We are trying to get some promotions going and get some new traffic, get new people in here. I do feel like, frankly, in the last 6 months that this show has kind of grown a lot. I've been trying to improve it. I think having Kenshin on board has been a big boost for us. I probably work better with somebody else than I do by myself. And maybe people just get tired of hearing me. So, anyways, I think we well, we had 1250 plus what this other person boosted. Sorry. Let me do this on the fly, though. Where was it? Man. Land sakes.
1069. So 1069, 22
[01:04:13] Kenshin:
2310.
[01:04:14] McIntosh:
2310. Yeah. 2310 or 11, something like that. So somewhere right around there. I do appreciate that. We both appreciate it a lot. Yes. Alright.
[01:04:24] Kenshin:
And if others want to boost and they don't know how yet, you can try the fountain app on the Play Store or the App Store. Mhmm. And it's a very easy app. You just make an account. They have an integrated, Lightning Wallet Mhmm. Which you can, actually, you can listen to podcasts on Fountain and get paid Right. In that wallet with, Sats, which you can use to boost us back, or you can load that wallet up with a credit card or with an existing lightning wallet. So I think they have a direct integration with Stripe now. So you can just They do that too. Yes.
[01:05:01] McIntosh:
They have that. So they do a very good job of that. And, there are a number of those apps out there. You could go to podcast, Kenshin, do you know what it is? Podcastindex.com.
[01:05:14] Kenshin:
Oh, podcastingapps.
[01:05:17] McIntosh:
I have it right. Podcastapps.com will get you to a list of those apps. So I would certainly recommend you try a number of them. Podcasting 2.0 apps like this have a lot of new features in them. Transcripts, chapters, this kind of stuff. Just a lot of live shows. Something I would love to try with us, actually, although that might be a train wreck. But we'll see. Maybe one day and, and that kind of thing. So, I think we're gonna need to wrap it up there. I appreciate it. We appreciate everybody. You guys stay humble. Go out. Make it a great week. We'll talk to you soon.
[01:05:55] Kenshin:
Okay. DCA some stats. DCA some stats.
[01:05:59] McIntosh:
Buy the dip. Oh, wait. It's not dipping.
