Highlights from Bitcoin Conference 2024 - WiM Weekly
A weekly rundown of new WiM podcast releases and some food for thought
Donald Trump
“I stand before you today filled with respect and admiration for what the Bitcoin community has achieved … I say this is the steel industry of 100 years ago, it really is. I think you're just in your infancy. I can see it happen. In just 15 years, Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world … One day it probably will overtake gold, but based on the way it's going now, it could very well be a possibility. There's never been anything like it, and I don't think you've ever seen anything like it, and most people have no idea what the hell it is. You know that, right? So what happens when they figure it out? That's going to really be something? Bitcoin is not just a marvel of technology, as you know, it's a miracle of cooperation and human achievement and a lot of relationships that are formed.”
“The federal government almost has 210,000 bitcoin or 1% total supply that will ever exist. But for too long our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your bitcoin … And so as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future, we'll keep 100% ... This will serve, in effect, as the core of the strategic national Bitcoin stockpile.”
Full Donald Trump Speech at Bitcoin Conference 2024
Robert F. Kennedy Jr.
“I intend, as president of the United States, to sign an executive order on day one directing the Department of Justice and the US Marshals to transfer the approximately 200,000 Bitcoin held by the US government to the United States Treasury where it will be held as a strategic asset. On day one as president, I will sign another executive order directing the US Treasury to purchase 550 Bitcoin daily until the US has built a reserve of at least 4 million Bitcoins and a position of dominance that no other country will be able to usurp. Our nation holds approximately 19% of global gold reserves this policy will give us about the same proportion of total Bitcoin. The cascading impact and these actions will eventually move Bitcoin to a valuation of hundreds of trillions of dollars.”
“On day one as president I will sign also an executive order directing the IRS to issue public guidelines that all transactions between Bitcoin and the US dollar are un-reportable transactions, and by extension non-taxable … I will also sign an executive order directing the IRS to treat Bitcoin as an eligible asset for 1031 exchange into real property.”
“Bitcoin is a technology for freedom, for optimism, for independence, for democracy, and transparency. It is the currency of hope. It is the perfect currency. It is an elegant, poetic, beautiful, pure species that aligns perfectly with the highest ideals and aspirations represented by the American experiment. With self-governance, it is incorruptible, it has integrity, it has self- sovereignty, it promotes personal responsibility and accountability, it is decentralized and democratic, it is small on government and large on personal freedom. Bitcoin is anti-war. It is a fierce, merciless, and insurmountable foe of government corruption.”
Regarding the freezing of Canadian trucker protesters bank accounts: “I realized at that time that transactional freedom was as important as freedom of expression that is protected by the First Amendment.”
“Bitcoin is the currency of freedom, the currency of liberty, the currency of hope. It restores self- sovereignty back to the individual which is the whole purpose of American democracy. It gives us digital property rights which is the core of our democracy, and it provides a store of value that will allow middle class Americans to live in abundance again. I don't think myself as red, I don't think of myself as blue, and I don't even think of myself as purple. Those are the colors of the political parties. Instead, I think of myself as orange. That is that is the color of freedom.”
Full RFK Jr. Speech at Bitcoin Conference 2024
Dave Smith
“Why I love Bitcoin and why I think the potential is so limitless, is because the more you learn about money and government control of money, you realize that that is the whole game. Everything else flows from that. Every evil thing that government does, is only because they control the money supply. Take an evil thing that government does, and I'll explain how it's because they control the money supply. I mean, just think about [how] we fought a catastrophic 20-year war in Afghanistan that literally killed hundreds of thousands of people, cost trillions of dollars, and [resulted in] thousands of our bravest young boys [dying], and then tens of thousands committed suicide in the wake of the war. Well just imagine if they couldn't print the money for that war. Imagine if they had to tax the American people every month for the war in Afghanistan. You think that thing would have lasted 20 years? No way. You'd been lucky to get it through a year before people would have demanded a result. Like what are you doing here? I mean just imagine trying to do the lockdowns of 2020. If they couldn't just print trillions of dollars and pass them out, people wouldn't have taken it. They would have been like, no we're going back to work, [and] we're not doing this. It's only because they control the money that they can get away with with tyranny.”
Cynthia Lummis
“When Satoshi Nakamoto, in January of 2009, mined the first Bitcoin, he brought about an asset that will change the world. This is our Louisiana Purchase moment.”
Full Cynthia Lummis Speech at Bitcoin Conference 2024
Edward Snowden
“We need to think about the systemic influences on our lives and how we can correct for them: The people who throughout all history had the means to diminish the amount of metals in our coins, which is inflation simply by a different name. We're not using metal anymore, we're using paper, but the game is the same. We in this room are using a technology that has taken the metal and the paper away from them, and it is through this single lever that they have set flourishing societies on the path to inevitable poverties. I just want you to remember every time you look at the grocery stores prices that you are not alone. You are not isolated. Everyone in that store is dealing with the same battle that you are. We have to cooperate. We have to work together, and we have to make sure they do not reduce this country to the land of the fee and the home of the slave. The only way we will do that if we work is if we work together.”
Full Edward Snowden Speech at Bitcoin Conference 2024
This Week:
WiM498 with Jeff Smith
“If we want a different food system, we have to vote with our dollars or our Bitcoin. [The money that you use] is the system that you’re voting for.
Link to full episode: Beef and Bitcoin: The Future of Agriculture with Jeff Smith (WiM498)
WiM499 with Jon Chenot
The most important aspect of any [movement, company, or organization] is the people who are involved. Bitcoiners who go deep down the rabbit hole … You can feel like you’re very alone. If you’re a “lone-coiner” learning about this thing on the internet [and realizing] what’s wrong with central banking and how everything is a scam, [it’s difficult] when nobody else in [your] circle sees or believes this. And then, you find Bitcoin Twitter or go to a meetup and [think], I’m not necessarily the crazy one. [Bitcoiners] are seeking truth and finding each other.”
Link to full episode: Following the Bitcoin Path with Jon Chenot (WiM499)
WiM500 with Scott Melker
“I fell for a lot of the [lies] over the years. I was deeply programmed, I virtue signaled, I was hardcore for my [political] party … People love to say that these Bitcoin guys are one issue voters, what assholes. It’s not one issue, it’s because it’s symbolic of a deeper understanding of freedom and these broken and corrupt systems.”
The full episode with Scott Melker will go live today (8/2/24) at 3:00pm EST.
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Upcoming Episodes:
8/5 with Eric Bischoff
Eric Bischoff is an American television producer, professional wrestling booker, promoter, and performer.
8/7 with Chad Blackburn
Chad Blackburn is the Director of Business Development at Cherry Bekaert.
8/9 with Luke Broyles
Luke Broyles is an educator, investor, entrepreneur, and filmmaker who works at the Bitcoin Advisor and Blockware Solutions.
Events on the Horizon:
Pacific Bitcoin 2024 (use code BREEDLOVE): https://www.pacificbitcoin.com/
The Art of Alpha Retreat: https://www.breedloveevents.com/
Sponsors:
In Wolf's Clothing: https://wolfnyc.com/
The Farm at Okefenokee (mention BREEDLOVE for $21,000 off a custom cabin): https://okefarm.com/
Heart and Soil Supplements (discount code BREEDLOVE): https://heartandsoil.co/
Swan Bitcoin: https://www.swanbitcoin.com/breedlove22/
Products I Endorse:
EFANI: Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove
Noble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/
The Bitcoin Advisor: https://content.thebitcoinadviser.com/breedlove
Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22
I think eliminating the taxes on transactions is key to adaptation. I wish RFK’s campaign was more popular. BTW, I introduced myself to you at the conference. I said I found your YouTube channel when someone linked the Mike Hill series at lewrockwell.com. I listened to that series at least 4 times. Then finally got around to the Saylor series. Then I volunteered at Nashville and now I’m on fire for Bitcoin. Thanks for all you do!