WEBVTT 00:00:09.919 --> 00:00:12.900 Welcome to the Bitcoin Street Journal. Bitcoin 00:00:12.900 --> 00:00:15.419 Market Update, the podcast that brings you daily 00:00:15.419 --> 00:00:17.760 live updates on the ever -changing Bitcoin market. 00:00:18.559 --> 00:00:20.760 Stay informed with our in -depth Bitcoin technical 00:00:20.760 --> 00:00:23.960 analysis as we explore the current price of Bitcoin, 00:00:24.320 --> 00:00:27.460 BTC, market capitalization, and market supply. 00:00:27.899 --> 00:00:30.039 Get ready to dive into the world of cryptocurrency 00:00:30.039 --> 00:00:33.020 and stay ahead of the game. In today's episode, 00:00:33.179 --> 00:00:35.200 we'll cover Bitcoin umbrellas seen in Buenos 00:00:35.200 --> 00:00:39.270 Aires, Argentina, the SEC postponing RK -21 shares, 00:00:39.609 --> 00:00:42.490 Bitcoin ETF decision, the importance of Bitcoin 00:00:42.490 --> 00:00:45.429 for peace highlighted by Jack Dorsey, the risks 00:00:45.429 --> 00:00:48.450 of a 51 % Bitcoin attack discussed by Andreas 00:00:48.450 --> 00:00:51.490 Antonopoulos, Anchor Watch raising $3 million 00:00:51.490 --> 00:00:54.609 for Bitcoin insurance, the advice to focus on 00:00:54.609 --> 00:00:58.070 stacking SATs instead of seeking attention, questions 00:00:58.070 --> 00:01:00.929 to determine if someone is a Bitcoin maxi, the 00:01:00.929 --> 00:01:03.500 decentralized publishing protocol Noster, and 00:01:03.500 --> 00:01:06.439 how Nostra's apps and value for value podcasting 00:01:06.439 --> 00:01:12.420 connect podcasters directly with listeners. So 00:01:12.420 --> 00:01:14.319 here's an interesting piece of news for all you 00:01:14.319 --> 00:01:17.920 crypto enthusiasts out there. Apparently, Bitcoin 00:01:17.920 --> 00:01:20.140 umbrellas have been spotted in the vibrant city 00:01:20.140 --> 00:01:23.420 of Buenos Aires, Argentina. That's right. People 00:01:23.420 --> 00:01:25.640 are not just using umbrellas to shield themselves 00:01:25.640 --> 00:01:27.760 from the rain, but they're showing their love 00:01:27.760 --> 00:01:30.840 for Bitcoin as well. I came across this fascinating 00:01:30.840 --> 00:01:33.840 tidbit via a tweet from Agustin. You can find 00:01:33.840 --> 00:01:37.840 him at https semicolon slash slash x .com slash 00:01:37.840 --> 00:01:41.060 Agustin underscore Casas. He shared a snapshot 00:01:41.060 --> 00:01:43.420 of these Bitcoin umbrellas in action, adding 00:01:43.420 --> 00:01:45.859 a colorful touch to the bustling streets of Buenos 00:01:45.859 --> 00:01:48.900 Aires. It's fantastic to see such creativity 00:01:48.900 --> 00:01:51.260 and support for the world's leading cryptocurrency. 00:01:52.180 --> 00:01:54.719 Now let's shift our focus to some recent news 00:01:54.719 --> 00:01:57.439 from the United States. The U .S. Securities 00:01:57.439 --> 00:02:00.799 and Exchange Commission, SEC, has made an intriguing 00:02:00.799 --> 00:02:03.760 decision regarding the proposed ARK21 shares 00:02:03.760 --> 00:02:07.560 Bitcoin ETF. Drumroll, please. The SEC has decided 00:02:07.560 --> 00:02:10.199 to postpone its decision on the ETF until next 00:02:10.199 --> 00:02:12.759 year. Yes, you heard it right. We'll have to 00:02:12.759 --> 00:02:15.620 wait a little longer for this one. Shocker. The 00:02:15.620 --> 00:02:18.539 new deadline has been set for January 10th. So, 00:02:18.819 --> 00:02:20.919 mark your calendars, folks, and let's hope for 00:02:20.919 --> 00:02:23.199 some positive news then. But here's the interesting 00:02:23.199 --> 00:02:27.080 part. This delay in the RK21 shares Bitcoin ETF 00:02:27.080 --> 00:02:30.280 decision might suggest that other spot Bitcoin 00:02:30.280 --> 00:02:33.539 ETF decisions could also face delays. It's like 00:02:33.539 --> 00:02:35.919 a game of chess and the regulators seem to be 00:02:35.919 --> 00:02:39.419 running out of moves. Checkmate, perhaps? These 00:02:39.419 --> 00:02:42.199 decisions by regulatory bodies can have a significant 00:02:42.199 --> 00:02:44.520 impact on the crypto market, especially when 00:02:44.520 --> 00:02:48.240 it comes to Bitcoin ETFs. An ETF, Exchange Traded 00:02:48.240 --> 00:02:50.979 Fund, acts as a bridge between traditional finance 00:02:50.979 --> 00:02:54.259 and digital or crypto assets, allowing investors 00:02:54.259 --> 00:02:57.300 to gain exposure to cryptocurrencies like Bitcoin 00:02:57.300 --> 00:03:01.060 without directly owning them. The approval of 00:03:01.060 --> 00:03:04.099 a Bitcoin ETF in the United States has been a 00:03:04.099 --> 00:03:06.840 topic of great interest for many market participants. 00:03:07.400 --> 00:03:09.500 It has the potential to attract institutional 00:03:09.500 --> 00:03:12.560 investors, increase liquidity, and bring further 00:03:12.560 --> 00:03:15.580 legitimacy to the cryptocurrency space. However, 00:03:16.020 --> 00:03:18.500 the SEC has been cautious when it comes to approving 00:03:18.500 --> 00:03:21.919 such ETFs, citing concerns about market manipulation 00:03:21.919 --> 00:03:25.240 and investor protection. As we eagerly wait for 00:03:25.240 --> 00:03:27.180 the decision, it's worth noting that Bitcoin 00:03:27.180 --> 00:03:30.039 ETFs have been gaining traction in other parts 00:03:30.039 --> 00:03:32.879 of the world. Canada, for instance, approved 00:03:32.879 --> 00:03:35.960 its first Bitcoin ETF earlier this year, opening 00:03:35.960 --> 00:03:38.020 up opportunities for investors to get involved 00:03:38.020 --> 00:03:40.259 in the crypto market through regulated channels. 00:03:40.879 --> 00:03:43.560 This move has been seen as a significant milestone, 00:03:44.080 --> 00:03:46.159 and many are hopeful that the US will follow 00:03:46.159 --> 00:03:49.020 suit soon. In the meantime, the Bitcoin community 00:03:49.020 --> 00:03:51.539 continues to innovate and find new ways to navigate 00:03:51.539 --> 00:03:54.099 the evolving landscape. From Bitcoin umbrellas 00:03:54.099 --> 00:03:56.060 in Buenos Aires to developments in the world 00:03:56.060 --> 00:03:59.539 of decentralized finance, DeFi, and non -fungible 00:03:59.539 --> 00:04:02.520 tokens, NFTs, there's always something happening 00:04:02.520 --> 00:04:05.219 in this exciting realm. So keep your eyes peeled 00:04:05.219 --> 00:04:08.479 for updates on the ARK21 shares Bitcoin ETF decision 00:04:08.479 --> 00:04:11.139 in January, and let's stay optimistic about the 00:04:11.139 --> 00:04:13.580 future of Bitcoin ETFs in the United States. 00:04:14.020 --> 00:04:17.180 Until then, stay curious, stay informed, and 00:04:17.180 --> 00:04:26.860 keep supporting the crypto revolution. Hey there, 00:04:27.040 --> 00:04:28.939 let's dive into some interesting topics today. 00:04:29.480 --> 00:04:31.920 We'll be talking about Bitcoin, and why it's 00:04:31.920 --> 00:04:35.500 seen as important for Bitcoin piece. We'll also 00:04:35.500 --> 00:04:37.879 explore an intriguing perspective on explaining 00:04:37.879 --> 00:04:41.000 Bitcoin to a fifth grader. And finally, we'll 00:04:41.000 --> 00:04:43.199 touch upon the discussion surrounding a potential 00:04:43.199 --> 00:04:47.500 51 % attack on Bitcoin. But before we do, let's 00:04:47.500 --> 00:04:50.000 mention that Anchor Watch just secured an impressive 00:04:50.000 --> 00:04:52.879 $3 million in funding, which will allow them 00:04:52.879 --> 00:04:55.240 to launch their Trident Vault software and provide 00:04:55.240 --> 00:04:57.420 customized insurance services for Bitcoin holders. 00:04:57.939 --> 00:05:00.600 How exciting is that? So let's get started. First 00:05:00.600 --> 00:05:03.899 up, Jack Dorsey, the co -founder and CEO of Twitter, 00:05:04.279 --> 00:05:06.779 is a strong supporter of Bitcoin and its potential 00:05:06.779 --> 00:05:09.399 for promoting peace. He believes that Bitcoin 00:05:09.399 --> 00:05:11.480 could play a crucial role in creating a more 00:05:11.480 --> 00:05:15.339 peaceful world. How, you may ask? Well, according 00:05:15.339 --> 00:05:18.939 to Dorsey, Bitcoin's decentralized nature and 00:05:18.939 --> 00:05:21.420 its ability to operate outside the control of 00:05:21.420 --> 00:05:24.240 any government or financial institution makes 00:05:24.240 --> 00:05:27.100 it a powerful tool for promoting peaceful transactions. 00:05:27.600 --> 00:05:30.540 By removing intermediaries and providing individuals 00:05:30.540 --> 00:05:33.100 with direct control over their money, Bitcoin 00:05:33.100 --> 00:05:35.540 can potentially eliminate the need for traditional 00:05:35.540 --> 00:05:37.879 banking systems that often become a source of 00:05:37.879 --> 00:05:42.000 conflict. So, in a nutshell, Dorsey sees Bitcoin 00:05:42.000 --> 00:05:44.399 as a means to achieve financial sovereignty and 00:05:44.399 --> 00:05:46.759 reduce financial disagreements that may lead 00:05:46.759 --> 00:05:49.680 to conflicts between nations. Quite an interesting 00:05:49.680 --> 00:05:51.980 perspective, don't you think? Now let's switch 00:05:51.980 --> 00:05:54.000 gears and talk about explaining Bitcoin to a 00:05:54.000 --> 00:05:56.579 fifth -grader. Andreas Antonopoulos, a well -known 00:05:56.579 --> 00:05:59.220 cryptocurrency expert, has a knack for simplifying 00:05:59.220 --> 00:06:01.939 complex concepts. He believes that explaining 00:06:01.939 --> 00:06:04.500 Bitcoin to a fifth grader can actually be quite 00:06:04.500 --> 00:06:07.319 straightforward. He suggests utilizing familiar 00:06:07.319 --> 00:06:10.480 analogies such as baseball cards or Pokemon cards 00:06:10.480 --> 00:06:13.759 to help kids understand the concept of a decentralized 00:06:13.759 --> 00:06:16.560 digital currency. Just like how these cards hold 00:06:16.560 --> 00:06:18.480 value because people want to collect and trade 00:06:18.480 --> 00:06:21.360 them, Bitcoin holds value because people believe 00:06:21.360 --> 00:06:24.629 in its usefulness and scarcity. Antonopoulos 00:06:24.629 --> 00:06:27.069 also emphasizes the importance of helping kids 00:06:27.069 --> 00:06:30.050 grasp the concept of scarcity and why it matters 00:06:30.050 --> 00:06:32.750 for something to have value. By breaking it down 00:06:32.750 --> 00:06:35.589 in relatable terms, understanding Bitcoin becomes 00:06:35.589 --> 00:06:38.509 more accessible for everyone, regardless of age. 00:06:38.970 --> 00:06:40.910 I'm sure there are some fifth graders out there 00:06:40.910 --> 00:06:43.230 who would find this explanation quite intriguing. 00:06:43.810 --> 00:06:46.689 Now, let's address the topic of a potential 51 00:06:46.689 --> 00:06:50.490 % attack on Bitcoin. A 51 % attack refers to 00:06:50.490 --> 00:06:53.430 a scenario where a single entity or a group of 00:06:53.430 --> 00:06:56.209 entities controls more than 50 % of the total 00:06:56.209 --> 00:06:59.529 computing power in a blockchain network. This 00:06:59.529 --> 00:07:01.610 level of control could potentially allow them 00:07:01.610 --> 00:07:04.649 to manipulate transactions, double spend coins, 00:07:05.170 --> 00:07:07.949 or even disrupt the whole network. It's a concern 00:07:07.949 --> 00:07:10.230 that plays on the idea that if a malicious actor 00:07:10.230 --> 00:07:12.829 was to reach this threshold, they could wreak 00:07:12.829 --> 00:07:16.310 havoc. However, Andreas Antonopoulos offers a 00:07:16.310 --> 00:07:19.269 more optimistic perspective on this matter. He 00:07:19.269 --> 00:07:22.029 argues that the costs and risks associated with 00:07:22.029 --> 00:07:25.149 carrying out a 51 % attack are extremely high, 00:07:25.790 --> 00:07:28.209 not to mention the potential damage to the attacker's 00:07:28.209 --> 00:07:31.050 reputation and the faith people have in the cryptocurrency. 00:07:31.850 --> 00:07:34.610 To successfully execute such an attack, one would 00:07:34.610 --> 00:07:37.009 need to control a significant amount of computing 00:07:37.009 --> 00:07:40.430 power, which requires substantial financial investment. 00:07:41.290 --> 00:07:43.759 Additionally, the decentralized nature of the 00:07:43.759 --> 00:07:46.459 Bitcoin network makes it challenging for any 00:07:46.459 --> 00:07:49.319 single entity to gain that much control. So while 00:07:49.319 --> 00:07:52.259 the possibility of a 51 % attack is a concern, 00:07:52.740 --> 00:07:55.040 it's crucial to consider the various factors 00:07:55.040 --> 00:07:57.740 that make it a highly improbable scenario in 00:07:57.740 --> 00:08:00.839 practice. Lastly, let's touch on the recent funding 00:08:00.839 --> 00:08:04.019 success of Anchor Watch. The cybersecurity startup 00:08:04.019 --> 00:08:07.079 has secured an impressive $3 million in funding, 00:08:07.420 --> 00:08:10.519 led by 1031. Their goal is to launch the Trident 00:08:10.519 --> 00:08:13.209 Vault software, which aims to provide tailored 00:08:13.209 --> 00:08:15.769 insurance services specifically for Bitcoin holders. 00:08:17.029 --> 00:08:19.149 This innovative solution is designed to address 00:08:19.149 --> 00:08:22.050 the unique risks and vulnerabilities associated 00:08:22.050 --> 00:08:24.449 with the storage and management of cryptocurrencies. 00:08:25.310 --> 00:08:28.370 By offering customized insurance coverage, Anchor 00:08:28.370 --> 00:08:30.810 Watch aims to help protect Bitcoin holders from 00:08:30.810 --> 00:08:34.250 potential threats such as hacking, cyber attacks, 00:08:34.649 --> 00:08:37.250 and even physical theft. This development is 00:08:37.250 --> 00:08:39.610 a significant step towards providing a safer 00:08:39.610 --> 00:08:42.149 and more secure environment for those who invest 00:08:42.149 --> 00:08:44.830 in cryptocurrencies. It's great to see companies 00:08:44.830 --> 00:08:47.549 like Anchor Watch taking proactive measures to 00:08:47.549 --> 00:08:50.309 build trust in the crypto space and provide much 00:08:50.309 --> 00:08:53.389 needed peace of mind for Bitcoin holders. Well, 00:08:53.769 --> 00:08:56.750 that wraps up our conversation for today. We've 00:08:56.750 --> 00:08:59.009 explored why Bitcoin is seen as important for 00:08:59.009 --> 00:09:01.529 promoting peace, how to explain Bitcoin to a 00:09:01.529 --> 00:09:04.620 fifth grader using relatable analogies, the discussion 00:09:04.620 --> 00:09:07.299 surrounding a potential 51 % attack on Bitcoin, 00:09:07.960 --> 00:09:10.440 and the recent funding success of Anchor Watch 00:09:10.440 --> 00:09:13.159 and their plans for tailored insurance services 00:09:13.159 --> 00:09:16.120 for Bitcoin holders. It's always fascinating 00:09:16.120 --> 00:09:18.379 to explore these various aspects of the crypto 00:09:18.379 --> 00:09:20.940 world and witness the innovative solutions being 00:09:20.940 --> 00:09:23.600 developed. Until next time, keep exploring and 00:09:23.600 --> 00:09:29.299 stay curious. Hey there, it's the managing editor 00:09:29.299 --> 00:09:31.720 of the Bitcoin Street Journal dropping by with 00:09:31.720 --> 00:09:35.149 a quick public service announcement. So here's 00:09:35.149 --> 00:09:37.090 the deal. It seems like you might be running 00:09:37.090 --> 00:09:39.470 a little short on Bitcoin. Don't worry. You're 00:09:39.470 --> 00:09:41.809 not alone. A lot of people find themselves in 00:09:41.809 --> 00:09:45.629 the same boat. Get some now. First off, thanks 00:09:45.629 --> 00:09:48.090 for tuning in to this little chat. Now let's 00:09:48.090 --> 00:09:49.789 talk about a popular figure you might have come 00:09:49.789 --> 00:09:52.789 across, Robert Kiyosaki. You know, the guy who's 00:09:52.789 --> 00:09:55.570 all about financial education and that rich dad 00:09:55.570 --> 00:09:58.450 poor dad book. Well, it turns out he's been talking 00:09:58.450 --> 00:10:01.009 about Bitcoin lately too. But here's the thing. 00:10:01.210 --> 00:10:03.769 Some folks out there insist that he's only using 00:10:03.769 --> 00:10:06.190 Bitcoin to draw attention to his real interests. 00:10:06.809 --> 00:10:09.129 Silver and gold. Yeah, we've heard the rumors, 00:10:09.470 --> 00:10:11.669 too. They say that Kiyosaki doesn't really give 00:10:11.669 --> 00:10:14.309 a darn about Bitcoin. But here's our take. No 00:10:14.309 --> 00:10:16.370 matter what his true intentions are, there's 00:10:16.370 --> 00:10:18.870 actually no harm in promoting financial awareness 00:10:18.870 --> 00:10:21.730 and education, especially when it comes to alternative 00:10:21.730 --> 00:10:24.970 investments like Bitcoin. So if he's attracting 00:10:24.970 --> 00:10:26.809 attention to silver and gold through Bitcoin, 00:10:27.049 --> 00:10:30.029 well, maybe that's a good thing, too. But hey, 00:10:30.220 --> 00:10:31.940 There's something important we want to emphasize 00:10:31.940 --> 00:10:35.919 here. Staying humble and stacking SATs. What 00:10:35.919 --> 00:10:38.779 does that mean, you ask? Well, it's all about 00:10:38.779 --> 00:10:41.519 adopting a down -to -earth mindset and accumulating 00:10:41.519 --> 00:10:44.379 small fractions of Bitcoin, known as Satoshis. 00:10:44.940 --> 00:10:47.500 You see, Bitcoin doesn't have to be an exclusive 00:10:47.500 --> 00:10:50.120 club where only the big players get to join in. 00:10:50.360 --> 00:10:52.840 It's for anybody and everybody who wants to take 00:10:52.840 --> 00:10:55.539 part in this digital currency revolution. So 00:10:55.539 --> 00:10:57.960 when someone like Kiyosaki comes along and starts 00:10:57.960 --> 00:11:00.750 making noise about Bitcoin, It's vital to keep 00:11:00.750 --> 00:11:03.330 your wits about you. We're not saying you should 00:11:03.330 --> 00:11:06.610 completely disregard what he or anyone else says, 00:11:07.070 --> 00:11:09.190 but it's always good to approach things with 00:11:09.190 --> 00:11:12.889 a critical mindset. Educate yourself, do your 00:11:12.889 --> 00:11:15.549 own research, and make informed decisions based 00:11:15.549 --> 00:11:18.110 on what you learn. There will always be people 00:11:18.110 --> 00:11:20.850 out there who try to divert your attention, either 00:11:20.850 --> 00:11:24.419 intentionally or unintentionally. These clowns, 00:11:24.419 --> 00:11:27.340 as you called them, might have their own biases, 00:11:27.679 --> 00:11:30.120 ulterior motives, or simply lack the knowledge 00:11:30.120 --> 00:11:32.559 they're talking about. That's why it's essential 00:11:32.559 --> 00:11:34.559 to have a strong foundation of understanding 00:11:34.559 --> 00:11:37.419 when it comes to Bitcoin and any other investment. 00:11:37.779 --> 00:11:40.879 So how can you build that foundation? Well, it 00:11:40.879 --> 00:11:43.500 starts with learning the basics. Understand how 00:11:43.500 --> 00:11:46.460 Bitcoin works, what its potential benefits are, 00:11:46.700 --> 00:11:49.820 and the risks involved. There are plenty of resources 00:11:49.820 --> 00:11:52.350 available to help you on this journey. from books 00:11:52.350 --> 00:11:54.870 and articles to podcasts and online communities. 00:11:55.370 --> 00:11:57.769 Take advantage of them and absorb as much knowledge 00:11:57.769 --> 00:12:01.610 as you can. And remember, patience is key. Rome 00:12:01.610 --> 00:12:04.169 wasn't built in a day and neither will your Bitcoin 00:12:04.169 --> 00:12:07.269 portfolio. It's a long game, so don't be discouraged 00:12:07.269 --> 00:12:09.990 if you don't see immediate results. Stay focused, 00:12:10.090 --> 00:12:13.190 stay humble and keep stacking those SATs. But 00:12:13.190 --> 00:12:14.870 hey, don't forget, there's more to life than 00:12:14.870 --> 00:12:17.269 just Bitcoin. While it's certainly an intriguing 00:12:17.269 --> 00:12:19.690 and potentially lucrative investment, it's important 00:12:19.690 --> 00:12:23.450 to diversify your portfolio. explore other opportunities, 00:12:23.950 --> 00:12:26.429 such as traditional assets like stocks and bonds, 00:12:26.750 --> 00:12:28.850 or maybe even venture into the world of real 00:12:28.850 --> 00:12:31.549 estate. The key is to find a balance that works 00:12:31.549 --> 00:12:34.870 for you and suits your risk tolerance. Okay, 00:12:34.870 --> 00:12:37.769 we're wrapping up here. The key takeaway from 00:12:37.769 --> 00:12:40.250 this little chat is simple. Don't let the noise 00:12:40.250 --> 00:12:43.649 distract you. Stay informed, keep learning, and 00:12:43.649 --> 00:12:45.750 make decisions based on your own knowledge and 00:12:45.750 --> 00:12:49.049 research. And remember, the journey towards financial 00:12:49.049 --> 00:12:53.009 success is a marathon. not a sprint. All right, 00:12:53.149 --> 00:12:55.309 that's it for now. Thanks for listening to this 00:12:55.309 --> 00:12:58.250 public service announcement. Keep calm, stay 00:12:58.250 --> 00:13:01.889 humble, and keep stacking those SATs. Take care 00:13:01.889 --> 00:13:11.830 and we'll catch you on the flip side. So you're 00:13:11.830 --> 00:13:14.169 curious about whether someone is a Bitcoin maxi, 00:13:14.269 --> 00:13:16.669 huh? Well, there are a few questions you can 00:13:16.669 --> 00:13:18.950 ask to get a sense of where they stand. Let's 00:13:18.950 --> 00:13:21.899 dive right in. First off, a classic question 00:13:21.899 --> 00:13:24.840 to ask is whether they own Bitcoin. After all, 00:13:24.840 --> 00:13:27.340 if they don't hold any, it's unlikely they can 00:13:27.340 --> 00:13:30.019 truly call themselves a Bitcoin maxi. So ask 00:13:30.019 --> 00:13:32.899 away and see what they say. Another key aspect 00:13:32.899 --> 00:13:35.620 of being a Bitcoin maxi is the regularity of 00:13:35.620 --> 00:13:38.639 one's Bitcoin purchases. Many maxis make it a 00:13:38.639 --> 00:13:41.039 habit to automatically buy Bitcoin on a daily, 00:13:41.559 --> 00:13:44.200 weekly, or monthly basis. So find out if they 00:13:44.200 --> 00:13:46.659 have a recurring purchase schedule. Now, what 00:13:46.659 --> 00:13:49.519 about buying the dips? One of the tenets of being 00:13:49.519 --> 00:13:52.519 a Maxi is taking advantage of price drops to 00:13:52.519 --> 00:13:56.159 accumulate more Bitcoin. So ask if they have 00:13:56.159 --> 00:13:59.500 a strategy for buying those dips. Next, inquire 00:13:59.500 --> 00:14:02.279 if they run their own node. This is another common 00:14:02.279 --> 00:14:05.240 characteristic of Bitcoin Maxis. Running a node 00:14:05.240 --> 00:14:07.940 allows them to validate transactions and participate 00:14:07.940 --> 00:14:11.080 in the network's decentralization. Self -custody 00:14:11.080 --> 00:14:13.279 is another important aspect of being a Bitcoin 00:14:13.279 --> 00:14:16.610 Maxi. Many maxis prefer to hold their own private 00:14:16.610 --> 00:14:19.149 keys and be responsible for their Bitcoin security. 00:14:19.850 --> 00:14:22.149 Ask if they self -custody or use a custodial 00:14:22.149 --> 00:14:25.409 service. Here's an interesting one. Ask if they 00:14:25.409 --> 00:14:27.629 have a Bitcoin credit card that offers rewards. 00:14:28.490 --> 00:14:30.929 Some maxis take advantage of these cards to earn 00:14:30.929 --> 00:14:33.730 rewards while interacting with the Bitcoin ecosystem. 00:14:34.350 --> 00:14:36.590 Check if they've got one. Now this question is 00:14:36.590 --> 00:14:39.049 a bit more specific. See if they get paid in 00:14:39.049 --> 00:14:42.179 Bitcoin. Some Maxis receive their income in Bitcoin, 00:14:42.659 --> 00:14:45.120 fully embracing the decentralized currency as 00:14:45.120 --> 00:14:48.620 a means of exchange. Moving on, inquire if they've 00:14:48.620 --> 00:14:51.559 put all their 401k slash IRA money into Bitcoin 00:14:51.559 --> 00:14:54.740 instead. Some dedicated Maxis view Bitcoin as 00:14:54.740 --> 00:14:57.279 a long -term store of value, even surpassing 00:14:57.279 --> 00:15:00.299 traditional retirement investments. Get an idea 00:15:00.299 --> 00:15:03.500 of their investment strategy. Education and spreading 00:15:03.500 --> 00:15:06.120 awareness are integral to the Bitcoin Maxi community. 00:15:06.440 --> 00:15:09.240 Ask if they teach others about Bitcoin or actively 00:15:09.240 --> 00:15:11.620 contribute to educating people about its importance. 00:15:12.519 --> 00:15:14.639 As you navigate the world of Bitcoin, you'll 00:15:14.639 --> 00:15:17.539 come across various sources of information. Ask 00:15:17.539 --> 00:15:20.019 if they subscribe, like, share, or follow the 00:15:20.019 --> 00:15:22.539 Bitcoin Street Journal, a popular publication 00:15:22.539 --> 00:15:25.500 in the Bitcoin space. Now let's touch on politics. 00:15:26.340 --> 00:15:28.139 Find out if they would support politicians who 00:15:28.139 --> 00:15:30.179 believe in Bitcoin and advocate for its adoption. 00:15:30.899 --> 00:15:32.799 Political support can play a significant role 00:15:32.799 --> 00:15:35.830 in shaping the future of cryptocurrency. Next, 00:15:36.009 --> 00:15:39.149 ask if they mine Bitcoin. Mining is a way to 00:15:39.149 --> 00:15:41.610 secure the network and earn Bitcoin, so it's 00:15:41.610 --> 00:15:43.970 worth knowing if they actively participate in 00:15:43.970 --> 00:15:47.350 this process. Shitcoins, as they are sometimes 00:15:47.350 --> 00:15:49.889 called, are alternative cryptocurrencies that 00:15:49.889 --> 00:15:52.309 Bitcoin maxes typically tend to stay away from. 00:15:52.750 --> 00:15:55.090 Check if they have converted or dumped any of 00:15:55.090 --> 00:15:58.049 their shitcoins. One of the core beliefs of Bitcoin 00:15:58.049 --> 00:16:00.809 maxes is reducing reliance on traditional fiat 00:16:00.809 --> 00:16:04.230 currencies. Inquire if they are actively taking 00:16:04.230 --> 00:16:07.149 steps to lessen their dependence on fiat as a 00:16:07.149 --> 00:16:09.529 financial support system. Here's an essential 00:16:09.529 --> 00:16:12.429 one. Ask if they have read the Bitcoin white 00:16:12.429 --> 00:16:14.950 paper. Being familiar with the document that 00:16:14.950 --> 00:16:17.389 introduced Bitcoin to the world is seen as a 00:16:17.389 --> 00:16:19.610 foundational knowledge requirement for Bitcoin 00:16:19.610 --> 00:16:22.750 Maxis. The commitment to never sell Bitcoin is 00:16:22.750 --> 00:16:25.809 a common mindset among Bitcoin Maxis. See if 00:16:25.809 --> 00:16:27.889 they express a willingness to hold on to their 00:16:27.889 --> 00:16:30.590 Bitcoin long term, regardless of price fluctuations. 00:16:31.180 --> 00:16:33.720 Continuing with the reading theme, ask if they 00:16:33.720 --> 00:16:36.480 have read popular Bitcoiner books such as The 00:16:36.480 --> 00:16:39.779 Bitcoin Standard, The Price of Tomorrow, and 00:16:39.779 --> 00:16:42.759 The Sovereign Individual. These books help shape 00:16:42.759 --> 00:16:45.659 the perspectives of many Maxis. Security is a 00:16:45.659 --> 00:16:48.620 crucial consideration for Bitcoin Maxis. Inquire 00:16:48.620 --> 00:16:51.500 if they use multi -signature, multi -sig technology 00:16:51.500 --> 00:16:54.659 to secure their Bitcoin holdings. It's an advanced 00:16:54.659 --> 00:16:57.100 security measure worth discussing. Working in 00:16:57.100 --> 00:16:59.480 the Bitcoin industry is a dream for some Bitcoin 00:16:59.480 --> 00:17:01.919 Maxis. Check if they have a job in the Bitcoin 00:17:01.919 --> 00:17:04.420 industry or if they are actively seeking one. 00:17:04.700 --> 00:17:07.259 It shows a genuine dedication to the ecosystem. 00:17:07.819 --> 00:17:11.119 Now, this one is intriguing. Ask if they have 00:17:11.119 --> 00:17:14.000 started planning for a second passport, but specifically 00:17:14.000 --> 00:17:17.240 in a Bitcoin -friendly jurisdiction. It's a strategic 00:17:17.240 --> 00:17:20.240 move that some Maxis make to align their financial 00:17:20.240 --> 00:17:22.900 future with their Bitcoin beliefs. If they are 00:17:22.900 --> 00:17:25.579 familiar with Nostr, a popular platform in the 00:17:25.579 --> 00:17:28.400 Bitcoin community, ask if they actively post 00:17:28.400 --> 00:17:31.559 there. Additionally, check if they are involved 00:17:31.559 --> 00:17:35.579 in sending and receiving ZAPs, a term referring 00:17:35.579 --> 00:17:38.099 to lightning network transactions. And there 00:17:38.099 --> 00:17:40.400 you have it. These questions should help you 00:17:40.400 --> 00:17:42.720 gauge whether someone is a Bitcoin maxi or not. 00:17:43.180 --> 00:17:45.500 Remember, being a maxi is about more than just 00:17:45.500 --> 00:17:48.880 owning Bitcoin. It's a mindset and a commitment 00:17:48.880 --> 00:17:51.980 to the values of decentralization and financial 00:17:51.980 --> 00:17:59.029 sovereignty. Happy questioning. Hey there, let 00:17:59.029 --> 00:18:01.750 me tell you about Nostr, a decentralized publishing 00:18:01.750 --> 00:18:04.410 protocol for the web. It's all about enabling 00:18:04.410 --> 00:18:07.170 censorship -resistant and global value -for -value 00:18:07.170 --> 00:18:11.410 publishing. So, what exactly is Nostr? Well, 00:18:11.589 --> 00:18:14.430 Nostr is short for notes and other stuff transmitted 00:18:14.430 --> 00:18:17.710 by relays. Think of it as a protocol, similar 00:18:17.710 --> 00:18:21.589 to HTTP or TCP IP, that allows anyone to build 00:18:21.589 --> 00:18:24.130 on it. It's an open standard that's all about 00:18:24.130 --> 00:18:27.140 simplicity. But wait, there's more. Noster is 00:18:27.140 --> 00:18:28.980 not like your typical app or service that you 00:18:28.980 --> 00:18:31.539 sign up for. It's all about providing you with 00:18:31.539 --> 00:18:34.720 the freedom to publish without experiencing censorship. 00:18:35.460 --> 00:18:37.380 Noster allows you to share content globally, 00:18:37.640 --> 00:18:39.880 no matter where you are. You might be wondering 00:18:39.880 --> 00:18:42.079 why it's important to have a protocol like Noster. 00:18:42.599 --> 00:18:44.819 Well, in the world of publishing, there's often 00:18:44.819 --> 00:18:47.509 a risk of censorship. Whether it's due to political 00:18:47.509 --> 00:18:50.470 reasons or other factors, some voices and ideas 00:18:50.470 --> 00:18:53.690 get silenced. Noster aims to change that by providing 00:18:53.690 --> 00:18:56.069 a platform that promotes freedom of expression. 00:18:56.589 --> 00:18:58.529 With Noster, you don't have to worry about your 00:18:58.529 --> 00:19:01.589 content being taken down or restricted. The protocol 00:19:01.589 --> 00:19:03.990 ensures that your message stays intact and accessible 00:19:03.990 --> 00:19:06.809 to a global audience. It's a game changer for 00:19:06.809 --> 00:19:08.970 those who value the power of sharing ideas without 00:19:08.970 --> 00:19:12.069 limitations. Imagine a world where your content 00:19:12.069 --> 00:19:14.809 reaches people all over the globe, regardless 00:19:14.809 --> 00:19:17.420 of where they are. Noster makes this possible 00:19:17.420 --> 00:19:20.759 by embracing a decentralized approach. By leveraging 00:19:20.759 --> 00:19:24.079 relays, Noster allows your content to be transmitted 00:19:24.079 --> 00:19:26.960 across the web without bottlenecks or control 00:19:26.960 --> 00:19:29.619 from a single authority. But what does this mean 00:19:29.619 --> 00:19:33.039 for you? Well, it means that you can become part 00:19:33.039 --> 00:19:35.680 of a global community that values free expression. 00:19:36.339 --> 00:19:38.980 Noster empowers individuals by providing them 00:19:38.980 --> 00:19:42.279 with the tools and platform to spread their ideas 00:19:42.279 --> 00:19:45.220 and knowledge. You might be thinking, How do 00:19:45.220 --> 00:19:48.359 I get started with Nostr? Well, the beauty of 00:19:48.359 --> 00:19:50.619 it is that you don't have to sign up for anything. 00:19:51.319 --> 00:19:53.759 Nostr is designed to be open and accessible to 00:19:53.759 --> 00:19:56.460 everyone. All you need to do is become familiar 00:19:56.460 --> 00:19:59.839 with the protocol and start building on it. Nostr 00:19:59.839 --> 00:20:02.140 gives you the flexibility to create your own 00:20:02.140 --> 00:20:04.859 publishing platform. Whether you're a developer 00:20:04.859 --> 00:20:07.980 or someone interested in sharing content, Nostr 00:20:07.980 --> 00:20:10.890 has something for you. You can leverage the protocol 00:20:10.890 --> 00:20:13.369 to build apps, websites, or any other publishing 00:20:13.369 --> 00:20:16.029 solution you can think of. The possibilities 00:20:16.029 --> 00:20:18.910 are endless with Nostr. You can create a blog, 00:20:19.190 --> 00:20:21.910 an online magazine, or even a social networking 00:20:21.910 --> 00:20:24.450 platform. The only limit is your imagination. 00:20:24.990 --> 00:20:27.170 With Nostr, you're in control of your content 00:20:27.170 --> 00:20:29.390 and you have the power to reach a global audience. 00:20:29.990 --> 00:20:32.509 Now let's talk about the value for value aspect 00:20:32.509 --> 00:20:35.750 of Nostr. This is where things get really interesting. 00:20:36.269 --> 00:20:38.490 Noster enables you to receive value directly 00:20:38.490 --> 00:20:41.130 from your audience. Whether it's through tipping, 00:20:41.609 --> 00:20:44.529 subscriptions or other methods, you can monetize 00:20:44.529 --> 00:20:46.630 your content and be rewarded for your efforts. 00:20:47.349 --> 00:20:49.750 This value for value model is all about rewarding 00:20:49.750 --> 00:20:52.269 quality content and encouraging creators to continue 00:20:52.269 --> 00:20:54.630 sharing their knowledge and expertise. It's a 00:20:54.630 --> 00:20:56.849 win -win situation for both creators and their 00:20:56.849 --> 00:20:59.769 audience. With Nostr, you're not dependent on 00:20:59.769 --> 00:21:02.250 advertisers or other intermediaries. You have 00:21:02.250 --> 00:21:04.509 the opportunity to create a sustainable income 00:21:04.509 --> 00:21:07.470 stream based on the value you provide. This is 00:21:07.470 --> 00:21:09.710 a game changer for content creators who often 00:21:09.710 --> 00:21:12.329 struggle to monetize their work in the traditional 00:21:12.329 --> 00:21:15.190 publishing landscape. So why should you care 00:21:15.190 --> 00:21:18.369 about Nostr? Well, if you're someone who values 00:21:18.369 --> 00:21:21.210 freedom of expression and wants to share your 00:21:21.210 --> 00:21:24.140 ideas with the world, then Noster is the perfect 00:21:24.140 --> 00:21:27.180 platform for you. It empowers you to break free 00:21:27.180 --> 00:21:29.619 from the constraints of censorship and reach 00:21:29.619 --> 00:21:33.380 a global audience. Noster is a simple, open protocol 00:21:33.380 --> 00:21:36.640 that puts you in control. It allows you to create 00:21:36.640 --> 00:21:39.119 your own publishing solution and monetize your 00:21:39.119 --> 00:21:41.619 content directly. It's all about enabling you 00:21:41.619 --> 00:21:44.420 to share your knowledge, expertise, and ideas 00:21:44.420 --> 00:21:47.599 without limitations. So, whether you're a developer 00:21:47.599 --> 00:21:50.319 or content creator, Noster is here to support 00:21:50.319 --> 00:21:53.500 you. embrace the power of decentralized publishing, 00:21:54.259 --> 00:21:56.299 and join the global community of individuals 00:21:56.299 --> 00:22:00.039 who value freedom of expression. The future of 00:22:00.039 --> 00:22:10.019 publishing is in your hands with Nostr. Nostr's 00:22:10.019 --> 00:22:12.319 apps and value -for -value podcasting, my friends, 00:22:12.779 --> 00:22:15.970 are true game changers. They are shaking up the 00:22:15.970 --> 00:22:18.730 traditional sponsorship model and revolutionizing 00:22:18.730 --> 00:22:20.990 the world of podcasting. And let me tell you, 00:22:21.289 --> 00:22:24.369 the results are absolutely mind -blowing. In 00:22:24.369 --> 00:22:27.509 the past, podcasters were at the mercy of sponsors 00:22:27.509 --> 00:22:30.150 who dictated the content, making it difficult 00:22:30.150 --> 00:22:32.390 for them to stay true to their own vision and 00:22:32.390 --> 00:22:34.730 connect with their listeners. But not anymore, 00:22:35.089 --> 00:22:37.750 folks. Nostra's apps and Value for Value, or 00:22:37.750 --> 00:22:40.799 V4V for short, Podcasts have turned the tables 00:22:40.799 --> 00:22:43.460 and put the power back into the hands of podcasters 00:22:43.460 --> 00:22:46.539 and their loyal fan base. So how does it all 00:22:46.539 --> 00:22:48.640 work, you may wonder? Well, let me break it down 00:22:48.640 --> 00:22:52.160 for you. Nostra's apps and V4V podcasts are all 00:22:52.160 --> 00:22:53.960 about fostering that direct connection between 00:22:53.960 --> 00:22:56.680 podcasters and their listeners. It's about creating 00:22:56.680 --> 00:22:58.539 an environment where both parties can actively 00:22:58.539 --> 00:23:01.609 engage with and support each other. For podcasters, 00:23:01.630 --> 00:23:04.250 this means they can create content that truly 00:23:04.250 --> 00:23:06.829 resonates with their vision. They no longer have 00:23:06.829 --> 00:23:10.049 to conform to the demands of sponsors or sacrifice 00:23:10.049 --> 00:23:12.450 their creativity for the sake of financial gain. 00:23:13.289 --> 00:23:16.029 Instead, podcasters can focus on delivering the 00:23:16.029 --> 00:23:19.029 kind of content that their audience craves, building 00:23:19.029 --> 00:23:22.210 a devoted following along the way. But it's not 00:23:22.210 --> 00:23:24.430 just the podcasters who benefit from this new 00:23:24.430 --> 00:23:27.759 approach. Oh no, my friends. Listeners also have 00:23:27.759 --> 00:23:30.359 a chance to actively engage, support, and contribute 00:23:30.359 --> 00:23:33.660 to the podcasts they absolutely cherish. No longer 00:23:33.660 --> 00:23:36.299 are they passive consumers of content, but rather 00:23:36.299 --> 00:23:38.640 active participants in the podcasting experience. 00:23:39.160 --> 00:23:41.740 So how can you show your support for these incredible 00:23:41.740 --> 00:23:44.539 podcasts? Well, there are many ways you can do 00:23:44.539 --> 00:23:47.279 so. Let me give you a few examples. You can support 00:23:47.279 --> 00:23:50.740 them on platforms like Fountain .com, NostrBuild, 00:23:51.059 --> 00:23:56.849 Spotify, Amazon Music, RSS .com, Pandora, Samsung 00:23:56.849 --> 00:24:01.329 podcasts, Apple iTunes, and iHeartRadio. All 00:24:01.329 --> 00:24:03.769 it takes is a simple like, share, or subscribe 00:24:03.769 --> 00:24:06.029 to make a difference. And folks, let me take 00:24:06.029 --> 00:24:08.089 a moment to tell you about one particular podcast 00:24:08.089 --> 00:24:10.710 that truly deserves your support. It's called 00:24:10.710 --> 00:24:13.789 the Bitcoin Street Journal. This podcast covers 00:24:13.789 --> 00:24:16.089 all things Bitcoin, from the latest news and 00:24:16.089 --> 00:24:18.930 trends to expert insights and analysis. If you're 00:24:18.930 --> 00:24:21.410 a crypto enthusiast or simply curious about the 00:24:21.410 --> 00:24:24.170 world of digital currencies, this podcast is 00:24:24.170 --> 00:24:26.720 a must listen. Now here's a little secret, my 00:24:26.720 --> 00:24:29.240 friends. Supporting podcasts like the Bitcoin 00:24:29.240 --> 00:24:31.740 Street Journal not only allows you to stay up 00:24:31.740 --> 00:24:33.579 to date with the latest in the world of Bitcoin, 00:24:34.019 --> 00:24:36.799 but it also contributes to the growth and success 00:24:36.799 --> 00:24:40.019 of these independent creators. Every like, every 00:24:40.019 --> 00:24:42.160 share, every subscribe is a vote of confidence 00:24:42.160 --> 00:24:44.960 and a step towards a more collaborative and equitable 00:24:44.960 --> 00:24:48.079 future for podcasting. So, my friends, I urge 00:24:48.079 --> 00:24:50.259 you to take that extra moment to support the 00:24:50.259 --> 00:24:53.339 podcasts that bring you joy, knowledge, and inspiration. 00:24:53.759 --> 00:24:57.720 Whether it's Nostra's apps, V4V podcasts or the 00:24:57.720 --> 00:24:59.880 Bitcoin Street Journal, your support matters 00:24:59.880 --> 00:25:02.140 more than you can ever imagine. Thank you for 00:25:02.140 --> 00:25:04.579 listening. Thank you for your support. And thank 00:25:04.579 --> 00:25:07.039 you for being a part of this amazing podcasting 00:25:07.039 --> 00:25:21.059 revolution. In this episode, we explored a range 00:25:21.059 --> 00:25:23.900 of topics. including Bitcoin umbrellas in Buenos 00:25:23.900 --> 00:25:27.740 Aires, the SEC's decision on Bitcoin ETFs, the 00:25:27.740 --> 00:25:30.140 importance of Bitcoin for peace, the risks of 00:25:30.140 --> 00:25:33.539 a 51 % attack, stacking satis instead of seeking 00:25:33.539 --> 00:25:35.839 attention, determining if someone is a Bitcoin 00:25:35.839 --> 00:25:38.900 maxi, the decentralized publishing protocol Noster, 00:25:39.420 --> 00:25:41.759 and the power of Noster's apps and value for 00:25:41.759 --> 00:25:44.579 value podcasting. Thank you for tuning in to 00:25:44.579 --> 00:25:47.140 the Bitcoin Street Journal Bitcoin Market Update, 00:25:47.660 --> 00:25:49.880 your go -to source for daily live Bitcoin market 00:25:49.880 --> 00:25:52.660 updates. current Bitcoin technical analysis, 00:25:53.180 --> 00:25:56.299 BTC price fluctuations, market capitalization, 00:25:56.660 --> 00:25:59.220 and market supply. Make sure to subscribe and 00:25:59.220 --> 00:26:00.640 join us for our next episode.