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Oct. 25, 2025 - Viva & Barnes
34:18
Live from Lugano Switzerland, Plan B RECAP with Matt Kohrs! BOOYA!
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It looks like we're live, people.
This is now being live streamed on my channel on Rumble.
So to everyone watching on the East Coast, good morning.
Check out the interviews I did this morning with Efchat and Prince Philip.
It was amazing.
They were back-to-back interviews.
For everybody watching in the crowd, if you don't know who we are, my name is Viva Fry.
I'm a former Montreal litigator, turned current Florida Rumbler, and one of the teammates on Rumble.
And this is Matt Kors.
Matt, introduce yourself.
Yes, my name is Matt.
I'm also on Rumble with Viva.
My specialty is a little bit more in the finance sector.
Obviously, great affinity for Bitcoin.
And I guess between that combination of finance and free speech, that's how we found ourselves here today.
And it feels not only an honor to be here in beautiful Lugano, but this event's gone so fast here.
We are wrapping it up.
It's amazing.
I say, like, I still consider myself to be mildly, what's the word, illiterate when it comes to Bitcoin, but I genuinely think I understand a little bit more of it now.
My major takeaway from the interview with Efchat and Prince Philip is that there was something like an immaculate conception.
Well, I say, I understand now why people are mildly religious when it comes to their support for Bitcoin, because its creation was under circumstances which won't ever be able to be replicated again.
And even before that, when you were talking with Chris, the CEO of Rumble, Paolo of Tether, and then Ivan of Moonpey, even their commentary on people's different discoverability, that path, it's going to be wildly different, not only on an individual level, but so much of it is going to be influenced by kind of the region and where you are.
Like, obviously, we think of it through kind of a North American lens, but in other parts of the world right now, there's still no banking whatsoever.
And that's going to be a completely different path from them.
And even today, like bringing it to, once again, this beautiful city of Lugano, we're seeing all the different places where you could just use crypto.
Like the influence here versus where we are versus places where there's no banking or financial industry at all, it is insane.
Well, the one thing I've realized is you have to have crypto in your account in order to use the crypto.
The card gets declined, bada bing, bada boom.
So we're doing a bit of a recap of the event because it's been mildly amazing.
Matt and I, we went for a hike this morning up Mount San Salvador and got to the church where they built a beautiful church at the top of the mountain.
If anybody hasn't done it, you can hike it, or there's an easier way up the tram, but we hiked it up.
This feels like a sort of a city of a future in an optimistic way and maybe the way that some people are scared of, that it feels like you might be getting to not digital, central banking digital currency, but something of a digital currency and the ease with which it can be used, but potentially also the ease with which it can be shut off.
Now I asked both Efchat and Prince Philip this morning, Matt, do you fear the ease with which the use of crypto can be choked out by a government if they so decide to do it?
I think if that could have ever played out, it would have had to be before it got to this point of critical mass that it's out now.
So I think we could hypothesize if things went different literally a decade ago, maybe, but now it's too much of critical mass.
From like purely a technology standpoint, I don't think there is one government that has even close to enough power.
And it's been through the gauntlet.
I mean, what has happened in China and mining and even some pressure in the past U.S. administration, it's survived all of that.
And at this point, if it can do that, it's just getting stronger.
I don't think we need to explain the Bitcoin anymore, but now I totally appreciate all of the analogies.
Flesh them out between, they call it digital gold, and now you've explained the costs of mining, the investment required for the mining.
Where, I mean, you and I were discussing this privately about the reward for discovering new coins gets halved with each coin.
Explain the downward or the reduction in the reward for discovering new Bitcoin.
Yeah, roughly every four years, there's going to be the reward for basically the transactions and updating the ledger.
It's going to get cut in half, which means it has kind of a logarithmic growth of how much new Bitcoin is getting into the system.
And eventually it's going to be tapped out at 21 million.
But that's going to actually, time-wise in human years, it's going to take a long, long time.
Is it possible, now that I ask this out loud again, with the advent of quantum computing, could that be speeded up to, hypothetically, exponentially quick?
Yes and no.
So, there's actually a very interesting panel here this weekend kind of talking about that of how much do we have to consider quantum computing.
Yes and no, and I'm by no means a quantum computing expert, but listening to that panel, I had two major takeaways.
Number one, if it is possible, which theoretically is, what's going to need to happen in quantum computing, we're very far away from that.
And then, on top of it, even if we get there, there are current things being discussed within the Bitcoin community that would actually make it quantum-proof.
So, it seems like they have two very viable pathways out.
But once again, the people in that panel, they were some big brain people for sure.
Well, I've learned quite a bit actually now in terms of the primary, say, primary layer of the Bitcoin, the secondary layer of the lightning coins or facilitating microtransactions where the underlying Bitcoin investment is kept for accruing a value.
You do financial, not financial advice, but financial analysis.
And I'm not asking you for advice.
Setting aside the value and the accruing value of Bitcoin itself, the secondary tools, the secondary markets to facilitate lightning fast microtransactions.
What do you see being the key players in that above and beyond?
I mean, I see Tether now.
We've got Tether with the partnership with Rumble.
What do you see being the players or where people can look for opportunity in that secondary market?
Well, in terms of use in transactions, the Lightning Network, which is that layer two for people who are maybe a little bit newer to it, the L2 layer.
Not the first level, layer two, which is facilitating microtransactions.
It's also to go faster, for example.
And this is getting kind of into, yes, an economic statement, but yes, philosophy of like Bitcoin itself, it's tougher to function as a currency if we're defining currency as something very quick to process.
For example, because blocks are at it every 10 minutes, you don't want to go to a store, buy a gallon of milk, and then have to wait for 10 minutes for the transaction to process.
Well, the Lightning Network steps in and it helps Bitcoin not only go from, in my opinion, a great store of value to also a truly functional currency.
So, in the world of just Bitcoin itself, I like to define it as probably one of the most sound sources of money we have.
But in terms of currency in exchange for goods, that's where you need the Lightning Network.
And we're starting, there's places such as Lugano, where it is massively popular.
We're seeing places within South America, and now even in North America, the L to that network, the Lightning Network, is growing and growing and growing.
And now, obviously, I'm biased.
Don't hide it, but we are, you know, with Team Rumble, been there for years now.
The integration of the wallet into the platform.
I mean, first of all, I think it's amazing.
Right now, it's not available to everybody.
I've got the icon up so that when you look on the channel, you can see a tip button, which you can affect now with microtransactions, cryptocurrency on the platform, facilitated with the partnership with Moon Pay and with Tether.
Where do you see that going, and how awesome do you think that is?
I mean, first of all, I feel like you and I were a part of history.
You were the first person to ever use the wallet.
I was the first one to ever buy Bitcoin with Rumble Wallet.
Like, we are forever in the crypto history of Rumble.
So, I think that in itself is cool.
And there's a very, very good reason why Rumble, Rumble Wallet, and Tether and Moon Pay were all trending together yesterday.
It's because in the world of creators and also people who just want to enjoy the creation of content creators, this is a completely new tipping, like financial mechanism that is eventually hopefully going to be available worldwide to everyone.
And I think I want to say anything like, oh, the world hasn't noticed it.
They did.
That's why it was trending yesterday.
Because I think a lot of the world realizes, oh, wow, we can sidestep so many systems.
You and I know of other content distribution platforms where they take huge cuts of it, huge, massive cuts of it.
And in this situation, it's like you actually get that true relationship with the content creator you want to support.
So I see nothing but like blue skies ahead.
No, it's amazing, like when you appreciate that you can take a $10 tip and then roll it over directly into Bitcoin and just not cash out.
And in a year, that $10 tip could be a $20 tip.
And in five years, it could be a $100 tip.
And you can roll it into XAUT also to track gold.
It's amazing.
And I say this, I'm not biased because I'm with Rumble.
I'm with Rumble because they're awesome.
This innovation, the Rumble Advertising Center, the lack of censorship on Rumble is why I'm biased and with it.
It's just amazing.
Oh, it's actually a match made in heaven.
And I think you and I are kind of the yin and yang situation because I come from the financial perspective where I'm like, ah, it's not good how much the government wants to be involved in finances.
And this would be a multi-hour discussion of how much I just don't agree with central banks and how they've approached the devaluation of our dollar and quantitative easing and tightening and all that.
And I've always had this mindset of, oh, okay, like maybe not as good as it should be.
And then through some of our previous conversations, you very much support it, especially coming from Canada of no, like hyper supportive of free speech.
And right now, we have this idea where it's like, okay, content on Rumble is supported by free speech.
It was such a natural mixture of all their finances to be what I refer to as more of like, okay, government outside of money.
So government outside of speech, government outside of money, it's such a perfect matchmate in heaven.
You know, I'm actually in real time just looking at the chat on Rumble.
and appreciating what's going on here.
It's an amazing thing.
Now, there's a new, nobody can see it, but it's a little green tip button.
And when this is unveiled for everybody, it will revolutionize the way you can get tips and reinvest your tips in real time so that it doesn't just get converted to fiat currency, which I now appreciate is a constantly devaluing currency.
Some of the stats of how much it's been devalued, but just in the past hundred years, the US dollar, I think it's now approaching 98, 99% of devaluation.
It's great.
You sit on $100 and it's worth $1 in $100 years.
$2 in 100 years.
That's how much it's gone down.
The same purchasing power.
It was you that explained to me that Bitcoin, it's not a question of it accruing in value so much as it's remaining stable and it's the dollar that's devaluing and assets that are devaluing.
You've never been to Lugana before.
This is my first time.
What did you think?
I mean, what did you think of our hike today?
It was glorious.
Yeah.
So for everyone on Viva's channel, he's going to be posting this later if you haven't already.
The picture's the thumbnail now.
I just like, I don't know if I would know there's a difference between us taking the photo or a photo of a postcard.
Like, it's so, by definition, it is picturesque here.
It is so, so insanely beautiful.
And I had to laugh.
When we got to the top of the mountain, we found a church and then we found that little restaurant, which, surprise, surprise, also accepted Bitcoin as payment at the top of a mountain here.
It was just so cool, so surreal.
And tonight, for everybody who's here in the crowd, I think you guys know there's going to be an amazing drone show.
Yes.
8 p.m.
8 p.m.
Beautiful drone show right behind you.
And everyone on my channel, go to locals, and I'll be sending a video of what's going on either in real time or afterwards.
You're following the markets.
What do you see of relevance going on in the immediate future?
The immediate future, at least from a U.S. perspective, which is obviously going to have a global impact, is we have a big inflation.
Well, we just had a big inflation report and then the FOMC, so our Fed rates are about to change.
But once again, all this Fed rate stuff, quantitative easing and tightening, it always comes back to the dollar.
And it's always this concept of print money, print money, print money.
And I had a very interesting conversation with Raheem yesterday, and he has like a very Austrian economic school of thought.
And when you get really into the philosophy of it, it's this idea of you as a human, you put in all this great effort to work on your content.
And whatever that effort is, you're going to get a financial reward of it.
But what's crazy about the U.S. and many, the fiat system as a whole, is that erodes.
You put in all that energy.
You dedicated your time, probably your most valuable commodity.
And you have to understand that your reward for it financially is in a system that that's always dying off.
So if you're not using it early on, it just becomes less and less valuable because $20 a year from now is slightly less.
And a year from now is slightly less.
And that's one of the beautiful things from a philosophy standpoint of Bitcoin is arguably it's going flat compared to itself, but relative to fiat currencies, it's now actually gaining value.
I've asked this question, not say privately, but just not necessarily live on air.
But is there a risk in your view that, I don't know, somehow the community just arbitrarily or over time decides that they don't have the same trust in the value or even the, they don't believe in the value of Bitcoin.
Like, am I wrong in thinking that part of the value in Bitcoin is the value that people say arbitrarily place in it or maybe rationally place in it?
And if someday comes along where people say, well, now we no longer care about gold, now we no longer care about Bitcoin, and an alternative, I don't know, bartering system arises, then Bitcoin effectively becomes worth nothing.
Yeah, that's a great question.
And truly in any market, whether we're talking about the crypto market, if you just want to sell me your car or any stock, it's inherently every single market perpetually in the world is the highest willing buyer and the lowest willing seller.
It's when those two people meet, a transaction is created.
Once again, whether it's a house, a stock, we're talking about Rumble stock, it could be about Bitcoin.
So yeah, there is a larger perception.
And you could argue that from a commodity standpoint, for example, with physical gold, maybe you could do things with it.
I would say on the Bitcoin side, you could argue the total amount of power in the mining network, like that is something.
There's legitimate energy there.
There is almost a real physical world embodiment of what the full network is.
It's its total compute power.
But with that being said, every market is just two willing people.
So if you want to be a nice guy and sell me a Bitcoin for $10 after this, I would be more than happy to buy it off of you.
I will sell you a Satoshi now that I know the units of measurement.
And not to compare Bitcoin to anything else.
Dogecoin had a run when Elon teamed up with Trump.
Are there any other, at the risk of asking a totally, what's the word, sacrilegious question at a conference, are there any other competitive coins that are even worth considering or digital currency that are even worth considering?
So this is a question that I think everyone in their own crypto journey learns.
A lot of people, not everyone, they start with Bitcoin.
They realize there's a larger ecosystem and they're like, oh, is there more opportunity?
And it's kind of funny.
There's actually memes about it all over on Twitter of where you start off in Bitcoin.
You try to learn about everything else.
Generally, you get rugged or you lose money.
And we all end up back at Bitcoin.
It's between the new people and the old people.
It's like, oh, it's Bitcoin.
And it's in the middle where you're testing it out.
But of course, some of them have almost a social media trendiness to it because people are talking about it and you hear about it.
But then also crazy things happen because you were using Doge as an example.
Yeah, it got rugged when Elon went on SNL and Bitcoin's not going to have that because the community that supports it and the understanding of what's going on is just wildly different.
That meme is the one with the unintelligent person on one side, the genius on the other, and then the curve in the middle.
And it always comes, it's Bitcoin on both extremes.
That's funny.
And just hypothetically, because now that you appreciate that Dogecoin has an unlimited issuance, so it's effectively, it'll be infinite or could be infinite.
Can they change the rules and say we'll cap the issuance of Dogecoin and now it's no longer infinite?
So Dogecoin itself, not to get too far into the lore and the history of it, the guy who made it, he made it as a joke because all this stuff was open for us.
He's like, I'm going to make my own crypto.
And then actually when he made it, he got rid of it.
And then someone else took it over so he doesn't even control it.
But for example, literally, you could go look at Dogecoin code and you could spin up your own right now.
But so much of it is like critical mass and the security and the consensus mechanism of Doge is wildly different than Bitcoin.
So like, it's just, like you said, the exact timing and where we were like as a global level, when Bitcoin was launched, obviously, in my opinion, there was a lot of genius in the white paper, but it was also like just this perfect alignment of stars of how it all worked together.
And it would be statistically very rare to ever see that combination of things again.
Fantastic.
What are the other takeaways from the conference?
Now, I was listening to, who was I listening to before I went on panel yesterday?
The days have merged into one very long day.
So Moon Pay is going to be the off-ramp and on-ramp of the system on Rumble.
Tether is now a heavy investor.
I mean, the man has decided to invest, or the company through the man has invested nearly a billion dollars.
And we're going to have now something revolutionary with Rumble.
How long are you on Rumble?
How long am I on Rumble?
Oh, like, I didn't know it's contentious.
How long in the investor sense?
Yeah, so I actually, I bought Rumble before it actually went through its SPAC deal.
So back when it was like CFIE or whatever the ticker was before came RUM.
So I'm in it.
And I just, right now, the positioning within Rumble, and this is clearly not financial advice, it's my own opinion.
I'm just being transparent about my own position.
Seeing its position, potentially in the world of AI scaling, seeing where it's going in terms of crypto, but then on like what I considered bread and butter is really just a lot of content creators who like are losing their platforms are like, well, at least I have a place where like I know that like just funny business in the background.
So like I kind of in my own mind think of it as really a four-pronged approach because we haven't spoken about Rumble Cloud.
But no, I really like it.
And then coming back to your other question of like some of the things that I learned here, one of the things that always jumps out at me at these types of events is, of course, there's always impressive, intelligent people, but just how impressive I find some of them, like I was referring to before, that panel of quantum computing, this is commentary on like literal cutting edge technology.
And they're having these well like thought out and reasoned arguments and discussions.
Even in my world, obviously talking a lot about equities, there's a big talk about Bitcoin treasury strategies.
They had panels on that and people getting into the nuances of why some are good, why some are bad, and how to make it work, which is interesting for us because Rumble has their own.
They own some Bitcoin.
So just the amount of the most high-level expert thoughts and opinions, and they're generously just giving it to the community here, fascinating.
I'm gonna ask you in a second, remind me, to explain some basics for anybody in my audience who's watching right now about hard wallets, cold wallets, and how to do this if you're gonna do it, not financial advice.
But just to highlight some of the innovations from Rumble, and yes, I'm biased for good reason.
So they've integrated the wallet now, and it's gonna be unveiling for mass use sooner than later.
It's on my channel right now.
I got the ins.
I was on it, I got it first, and you made the first Bitcoin purchase.
The search engine functionality, they're improving that in real time, where the search results are going to be amazingly tuned, and you're going to be able to functionally search.
You got the cloud.
What other innovations are Rumble putting out right now?
I think those are the three biggest.
Those are the hot ones that we've been kind of like talking about this weekend.
And it seems like every time I do an earnings announcement with Chris, it's always just these great new partnerships.
Obviously, we heard of the amazing one with Tether and Paulo.
Clearly, they now have one with MoonPay.
A couple, now I'm hearing multiple NFL teams that they're using Rumble Cloud.
Like, it just, its exposure is not just there in the US slash Canada.
It's like clearly on a global scale.
I mean, look at, we're here in Switzerland.
And the cloud is an entirely separate thing from Rumble video hosting, which is itself its own business path.
I believe they're going to use, they use their cloud for their own hosting services, but that became a real life thing for me this past week because all the AWS went down.
So I had to go over to Rumble Cloud and it was fine.
I was able to multi-stream and everything was normal.
But AWS, literally, they're servicing, I think, roughly a third of all live web apps.
A third of the internet was just out without AWS.
I had no idea until my wife said, I think I ordered something that didn't get delivered.
Although now I'm thinking that's why something that I ordered, a baseball card, not a baseball, it's a UFC signed fighting card was being delivered and it was a day late.
Okay, so hold on out.
Getting back to the Rumble wallets.
Yes.
You're going to have to explain this to the world.
It took me a while to understand and I'm still not sure I do.
The key point about the Rumble wallet is that it's a non-custodial wallet.
Yes.
And this is what tech was trying to explain to me and it was like trying to explain mathematics to a child.
Non-custodial versus custodial wallet, explain that to people who want to appreciate the difference and also know why Rumble wallet is superior to many of the options out there.
Yes, to make this a little bit more simple, obviously I'm going to target it to the audience watching versus here, because if you're here, I know you are not your keys, not your coin, and I know you have your seed phrase memorized and everything like that.
But to the viewership, a wallet, like a normal wallet, is where you're going to store something.
And there are certain things within crypto, and the term you're using is non-custodial versus custodial.
Non-custodial means you are the big boy.
You're in control of your money.
And if you forget your login or access your wallet, no one's helping you.
It is just you.
Let me pause you there.
The non-custodial, your login, those are the 12 magic words as opposed to just a standard password to access.
If you use a standard password, it's more of if you lose access.
These 12, like that seed phrase, can get you in.
So you can put that in to access, obviously, all of your crypto.
So it's kind of like when they say like forget password, that type of thing, in crypto, you're going to be able to use these.
Unfortunately, there are, and we've all heard of the stories of people like losing their little USB or something like that.
If it's gone, it's gone.
But with custodial, and there's other things you have to consider there, and I can't comment on the legality of all countries and this and that, but obviously based on where you are, like if companies go under, who's legally responsible, who isn't.
But as a true Bitcoiner in Orange Pillar, they're going to tell you, not your keys, not your coin, have a non-custodial wallet, and just move on with your life.
Just reading the chat, someone said Viva's on a world bowling tour.
Not yet, people.
I got to keep my average over 200 before we can do that.
So what platforms or what I say brands, but which companies use non-custodial that people are familiar with in terms of deciding whether or not they have a custodial versus non-custodial or which one they want to use for ease of access?
So in my world of specifically equity trading, there's a lot of stock trading brokerages that allow you access to crypto.
But when they're buying it, it's actually being stored in the brokerage's wallet.
And then from a legal perspective, it's this fancy schmancy IOU and it's not actually yours.
So at least within the US, which is the only thing I'm the most familiar with, it's really retail-focused stock brokerages.
But as you were alluding to, what I think is highest here is non-custodial, and that's exactly what Rumble's going to be offering.
And it's going to be public, hopefully, sooner rather than later.
And within the Rumble wallet, they were explaining this to me yesterday as well.
There are different wallets in which you can contain your crypto.
And the wallets would depend on that in which you either want to invest or want to trade.
Yep.
And you could, similar to like a real physical wallet in life, if you have multiple in your, as I was joking, in your underwear drawer, you can do that with crypto as well.
Like if you want one for whatever purpose, then I don't know whether you like to use it on the internet.
The other one's a cold wallet that you disconnect from Wi-Fi and you leave that in a safety deposit box.
You can have multiple wallets.
And the multiple wallets on Rumble right now, you got XAUT for gold, you got Bitcoin, and you got USDT, correct?
And so it's interesting.
So conceptually, you could put $10 in each, and depending on which one outperforms the other, that $10 would be worth more or less, depending on whether or not gold went up more than the US dollar.
Yep, without a doubt.
And actually, this type of stuff hasn't rolled out yet, but they were giving us some ideas of where they want to take the wallet next.
And first of all, you and I can comment on this, not being part of the engineering team.
I think it looks super slick.
I think it's easy.
They kept it nice and simple.
To me, it felt very intuitive for the average person.
So I'm excited about that.
And then they were kind of saying, from a design perspective, some of the things that they just want to make it even more user-friendly.
And it seems like they got the right team on this one.
All right.
Now, the technology is amazing.
I'm reading the Rumble chat.
And Tatanka, Dave, I answered the question immediately.
How safe is the crypto wallet?
Between custodial and non-custodial, is one more risky than the other or more susceptible of hacking or theft?
So in my opinion, non-custodial is the way to go because the only way to like, quote-unquote, like, it's just you.
It's your own personal security.
So as long as people don't have your password in your seed phrase, you are good.
That's the only way it will be taken from you.
They can grab your phone, get your 12 words, or get your face and then access it.
And it requires physical robbery.
Like they have those words, those 12 words.
So that's like up to you.
Did you hide them right?
Did you put them where someone didn't realize that they're going to have your seed phrase?
And versus a custodial, in which case, if there's a hack or if their bank gets robbed, they take your stuff even though it was in a safe at that point.
Unfortunately, there's been stories of hacks, and then there's also been legal claims, and that spreads an entire gambit.
We probably don't have the time to get into every single one right now.
But coming back to the point of a non-custodial, in terms of security, I deem it as ultimate because I trust myself the most.
So as long as I'm protecting my words and I'm not giving them out to anyone, I will always have my crypto.
All right.
I think that...
Is there anything I didn't ask, Matt, that we should probably have discussed in terms of everything?
No, I think this is a.
Yeah.
Well, now that this is our first conference for a Bitcoin together, do you feel like you're becoming a Bitcoiner now?
Were you successfully orange-pilled throughout this weekend?
Now I understand what orange-pilled.
For goodness sake, I'm dense sometimes.
No, at the very least, I understand now why people view Bitcoin as singularly unique compared to the other cryptocurrencies, and not just because of the finite issuance, but because of the fact that something has been created that would not be able to be recreated when people would be looking for those very same levers to control so that you don't have this thing Bitcoin get created.
The fact that I understand it's digitally analogous to gold.
I can understand the value in it, and I definitely understand the utility in it.
The only question is going, in my view, the only question is going to be whether or not the financial system as a whole is going to change.
And our idea of bartering or money is going to change.
I would argue that we're already seeing, I don't know how many have happened historically, but I would argue this is a financial revolution because it's an entirely new financial system outside of fiat.
It's like this, like the way we've historically, in a political term, heard like a parallel economy.
This is a parallel financial system that's now doing its own thing.
And because of various tailwinds and critical mass and really honestly, how much fiat are just going to always be debased, more and more people are starting to understand.
And I think that is like, we're early on, early innings.
I wouldn't call it anyone, but it's early on because think about how many people globally right now, they're not worrying about debasement.
They just don't have access to banks.
So this is going to be the first time, and we're talking the year 2025, almost 2026.
Billions of people do not have banks on this world.
So that's an entire additional use case.
Just like volume-wise, so many people are going to want that.
Do we know how many people use Bitcoin?
You can look at the number of wallets, but once again, one person can have multiple wallets.
And then from that point, some wallets are actually lost.
So we have that number.
Just looking to see if we've got any more questions.
Okay, now when we were discussing this as we were hiking, hiking the mountains of Lugano, talking about the infinite divisibility or subdivisibility of Bitcoin per se.
In theory, and I heard people talking about this yesterday, that a single Satoshi in 100 years could be worth what Bitcoin is worth today.
Having difficulty conceptualizing that because then you have to figure out what the market cap would be of Bitcoin as a whole, but the concept of market cap is by comparing something only to the systems that we already have.
Exactly.
And so a good example to drive home exactly what you're saying.
If you have a company trading at a billion dollars in market cap today, that is actually far smaller than a billion dollars two decades ago.
What that company pulled off two decades ago at the same market cap is far more impressive because of how much less purchasing power a billion dollars is in this hypothetical example.
But then the thing I'm trying to conceptualize is hypothetically, you know, a Satoshi is worth a Bitcoin in 100 years, and then there's going to be people in theory who have passed down from generation to generation the original Bitcoins whose wealth will be virtually not immeasurable, but immense to the point where it would feel like inflation of standard inflation.
We're like, okay, everybody's got a trillion dollars now, so a loaf of bread is going to cost a billion dollars.
And this is exactly why so many people in the audience in front of us are of the mindset of do not get rid of your Bitcoin because of that.
Just stacking.
And I'm just wondering if we're going to get to a future where the idea of currency is going to be totally not annulled, but just revamped or re-envisioned.
Yeah, and it's actually not that crazy.
Like historically, we have examples of that.
Post-World War II Germany, the famous photo of it, it took an entire wheelbarrow of cash to buy a loaf of bread.
We've recently seen it, well, not recently, but in Zimbabwe.
We have real-time examples.
In this world where our parents were alive and saw this happen, where just the purchasing power of a single dollar for whatever that fiat system was, it had no power.
Amazing.
Matt, before we wind up, I know my audience probably knows who you are, where can they find you?
And what's your schedule like coming up next week?
Yeah, so you could also find me on Rumble.
Just search course, K-O-H-R-S.
And hey, we're always talking about the markets.
I also have a live stream.
It's early in the morning, Monday to Friday.
We talk about what's going on in the stock market, the economy.
This upcoming week's going to be a very exciting one just because we have the U.S. Federal Reserve, our central bank, making a big decision.
And this is all happening as the market closed on Friday.
The stock market, all-time high, gold, all-time high, Bitcoin, almost all-time high.
And things are getting pretty frothy, so it should be a fun one.
Actually, we'll do one more question, which I know the audience has already heard here, but this is from Christian Anderson, who says, isn't anyone worried about digital currency and total control over us?
When I had on Ethra this morning and she laid out the criteria for what is CBDC, CDBC, central digital bank currency, and there were a couple of elements which I hadn't really fully appreciated.
The one is the ability to turn on and off a wallet, the ability to set timeframes on the use of the digital currency.
There were two others.
I don't know if you know them offhand.
And then I did appreciate that Bitcoin could not itself be used as what we would understand to be a CBDC, except those choke points become where they could sort of turn it into one.
And say, like, we can't turn on and off your wallet, but we could just prevent the gelato store down the street from accepting or dealing with you particularly.
In my humble opinion, I think one of the phenomenal things about Bitcoin is the fact that it is, once again, it can't be controlled by a government, which is inherently why I'm always going to be against CBDCs, because that's a government saying, no, no, no, we'll let you kind of do this interesting crypto thing, but we still want total and utter control, and we're going to be tracking you.
So once again, my own opinion.
And the good news here is it seems as if within the U.S., the government does kind of agree with me.
It seems like the concept is being shut down.
Yes, they've said they're looked into it, this, that, and the other thing, but it doesn't look like it has any actual legitimate support.
Fantastic.
All right.
Well, everybody, thank you for being here.
Everyone online, thank you for watching the schedule.
My schedule will go back to normal next week.
So everybody here watching, 3 o'clock Eastern, Viva Fry, and to all my everyone watching in the chat, thank you for being here.
And we're going to go now watch a drone show.
So peace out, everyone.
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