This is a great discussion. I need to listen to it more than once to understand and digest it all. Also love the philly accent, feels like I'm listening to an old friend.
@@bramkI scored 95% on the series 7 exam in the 90s and I was called into my manager’s office at Merrill lynch. I thought he was going to congratulate me. Instead he told me we have never had a stockbroker/financial consultant succeed who scored in the 90s. Being smart doesn’t help you sell product, it gets in the way!
I love CJ - brilliant mind. Tell him to start wearing a suit and I promise more people will listen to him 💪; speaking from a guy of the financial space
I, for one, am very excited about this new company and can't wait to dig into the details. This idea of Bitcoin backed mortgage loans will sell itself, regardless of how CJ dresses. Right now, all the other companies have too high of interest rates and too short of terms. The People's Reserve will change the game for long-term BTC hodlers.
Great work, Bram. I subbed when I found you. You're going to get large - just keep putting out solid stuff like this and remind people to sub a few times per episode. Good Luck, brother 👍👍
@cjkonstantinos thank you for this great explanation. I agree with Bram that you "Orange Pilled me again" I have been emphasizing Bitcoin to my 20yr old daughter and I think this episode is a wealth of information! Happy New Years 2025!
What worries me is the existence of capital gains tax, which does not even make sense. When you hold 1 BTC = 100 000 USD, the tax is 20% and the central bank decides to double the supply of fiat just by printing, now you hold 1 BTC = 200 000 USD and you owe the state some 20 000 USD despite you have no gains! It's just state devaluing its currency and forcing you to pay for it as if it was you who created value and should share it!! As long as fiat is considered a "standard" despite its supply can be arbitrarily manipulated, people who save the most and delay gratification will be taxed the most. I already feel it as a self-employed - I actually try not to make too much money so that I won't be reclassified by tax revenue office as a higher income individual and pay higher and much more complicated taxes. The system is on its head - the more value you create and save, the more it punishes you :(
@@bramkdoes this mean we should be less enthusiastic about BTC? Sounds like rich will gain more wealth as always w/o much of impact & hardworking individuals will keep paying taxes out of pocket before they can ‘see and feel’ the benefits?
“Its not a speculative attack against the dollar, It’s more like defense, leveraging the tools wallstreet gives to publicly traded companies to acquire more BTC per share.” Brilliant way to put it
I've bought and sold bitcoin for the last 8 years.... Had I only bought and never sold for measly profit my situation would be completely different now. Never Agian. I'm going to continue to hold till it hits 1m
I was episode 5 with Bram! Amazing how quick it went by, even more amazing that we are transitioning from that commodity cycle to a money/credit cycle!!
Knowledgeable guest. I find myself listening again to thus to absorb the mechanisms he is talking about and try understand them. I think these minds are necessary on the road to full bitcoin transition. Nobody likes the fiat machine, but what we going to do, go to war with the monster? Let bitcoin do that for us. Great guest.
As of 2018, there are 19,495 incorporated cities, towns and villages in the United States. 14,768 of these have populations below 5,000. Only ten have populations above 1 million and none are above 10 million.
It's amazing people still accept fiat in exchange for bitcoin, especially with no bitcoin reserves. Def will be a bad decision to make, just like my selling btc to buy my house 🙃
Few understand proof of work as the starting point of "fair value" which is a critical variable in the free market price signal. If the market didn't agree with the value prop of the home, it wouldn't pay above the $150/sq ft. Profit is the invisible hand that drives the market and signals to entrepreneurs how to allocate resources!
Whiskey premium will be there because it test depend on local weather and ages and that is hard to duplicated again it is not possible so premium will be there. also real estate location value be there but it will reduce endless building new realestate to wipe out old real estate will be stopped so Bitcoin basiclly stop exploitation of nature and that will be good but premium will be there
At least you understand the premiums aka profits. Most people ignore that profit is the invisible hand that drives the marketplace and resource allocation!
The problem with people thinking they can build there own homes as if they are just making a few phone calls and everyone is going to do it for them like it just somehow magically gets down. Think a contractor home builder isn’t needed are completely ignorant because you actually have to know everything about building a home to be a home builder and sure everyone has a rite to build there own home but don’t expect trades to give you the same price because you waste there time with lack of your knowledge and something you have to get your tool belt on and its your job to do not just make phone calls or if you don’t plan something correctly its not your concrete guys job to know your plumber was supposed to rough in first before the floor goes down. Now there definitely are conmen builders that make it undesirable to hire home builders so good luck building your dreams without everyone elses expense
Your explaining Proof of Work aka cost of production...it's why all that application of knowledge actually creates the price required to access the value prop of the good or service!
Your personal percentage of the Bitcoin Network will not change should bitcoin price fall but the opportunity to increase your percentage definitely increases! …a good temporary trade off.
The gov and banks have flipped the script since they are the biggest borrowers. Just imagine going put to the street and picking up your mortgage payment from the curb, like in Venezuela, that's an asset to the borrower and liability to the lender.
Lets be a little careful with the pumping, its going to be difficult to get a full SBR through congress, im thinking we get SBR light through executive order but its far from as good as done. This guys not really treating the audience like we are intelligent.
@@bramk Rational sure, i just mean even a surface level inquiry with an AI chatbot about the legal issues involved and the changes to the legal system required will make it pretty clear that its not going to be easy. This guy clearly hasnt even done that minimal work and yet is presenting himself as some sort of knowledgeable authority on the subject.
Having debt that allows me to buy more today and is easier and easier to pay off over time is easy to sleep with. Now if you had bitcoin denominated debt...no sleep.
Not shure who i'm listingen to, a bitcoiner or a politician/banker. He is proud to be nr 9 to join the political arena, seems quite positive on al sorts of complicated banker products. SBR might be pumping your bags, but if managed by the same type of people it will still never be enough for them.
I’ve been hesitant due to having the negative mindset that I was late to the party of BTC due to the current price. But, I invested $1,000 into BTC to join the revolution. It ain’t much, but I want to be apart of history.
We all start out this way or wanting to be expert traders...but we don't change bitcoin, bitcoin changes you! Congrats on taking the leap, before you know it you'll be a maxi just like us!
Not to argue about validity of btc as an investment, but the calculation of fair value based on cost is not a valid base. Prices, in free markets, are always determined by demand and offer, not by a “cost plus” formula. Eventually, long term, if price goes too low, miners will stop mining and prices might go up again if there is still demand for whichever the item.
You're talking about free market price signal. Literally, the cost of production is the KEY variable in free market price signal. If the producer can't sell the good or service for a price above the cost, there is no profit aka the market is telling you the value prop of your good/service isn't good enough, redeploy resources. If the producer can sell above the cost the free market profit is made aka the market is validating the value prop of the good/service. Lack of demand requires LOWER PRICE, if price goes below cost, the free market price signal is telling you to produce a different good or service.
I really enjoyed this conversation with CJ and I hope you find it valuable! 💪 let me know what you think of it below? 🧡👇
Thanks for the Bitcoin News shout out, CJ!
Thank you Rob for all your hard work to keep the marketplace informed! 🍊✌️🧡
I am so impressed by how this young man is so articulate and brilliant thank you so much for this wonderful interview
Told you he likes to talk! 😁🧡 happy you enjoyed it!
Thank you for the kind words 🙏 🍻
This is a great discussion. I need to listen to it more than once to understand and digest it all.
Also love the philly accent, feels like I'm listening to an old friend.
Glad you enjoyed it! 🙌
Haha great catch on the accent! I grew up in South NJ, all my sports teams are Philly teams. Been in FL since 2009, amazing ear you have!
Thank you for having me Bram 🙏
Always enjoy our convos! 🍻
Any time brother!x
@@cjkonstantinos 🙏🏾🍻
You're a legend 🎉
CJ, you teach me so much. The website for People’s Reserve says “Coming Soon”. How soon will you be offering BTC Mortgages?
@@GenZBTC 🙏🍻
Wow! Buying more bitcoin.
CJ does that to people haha
This is the way! 🧠🧠🧠
CJ's info at the one hour mark was new information that I was happy to learn. I hope he can be part of the advisory team.
Always love to deliver an orange pill! 🍊💊👑
im so glad i found my people. everytime i think ive heard all takes I find some other guy with a whole different perspective. Love it here
Thanks for sharing! I feel the same way 😃
Bitcoin community imo is the smartest most open minded and supportive in the world, that's another asset of the network!
Excelent podcast! This guest is a visionary
Thank you for the kind words 🙏 🍻
Financial Advisers are not trained to think in a broad manner. They are trained to sell products.
Yeah
Exactly, they take their 2% mgm + 20% performance, and they only care about nominal because that's what goes into their paycheck 🤢🤮
I agree...I am one. We are merely salesmen who have passed certain tests.
@@bramkI scored 95% on the series 7 exam in the 90s and I was called into my manager’s office at Merrill lynch. I thought he was going to congratulate me. Instead he told me we have never had a stockbroker/financial consultant succeed who scored in the 90s.
Being smart doesn’t help you sell product, it gets in the way!
@@TheFigalito haha nice one
Great episode. Spot on analysis.
🍊✌️🧡
This is the first time I’ve heard “fair value” explained in this manner. I like it
🙏🙏
CJ is the man!!! Straight fire 🔥
🔥🔥🔥🔥🔥
Thank you 🍊✌️🧡
Wow! Watching at 38:34 I finally get the significance of proof of work. This explanation put the final pieces in place for me.
Niceee!!! We'll have to clip it to share, always like to see a good 🍊💊
Wow! 42:00 is so powerful ! I hear every man & woman in my generation complain about this real estate fact !
Bitcoin powered Mortgages fix this!
It's always undervalued when you try to value the whole world in BTC
That is where we are going!
The definition of the opportunity!
🌎GDP/21M
Love this one - great job Bram - your guests are always the best to go down the rabbit hole more! Happy New Year 🎉
Glad you enjoyed it 🧡🙏
Damn dude…might have to watch this twice
This is a good thing! 🍊💊👑
What a great discussion. Thank you.
🍊✌️🧡
Glad you enjoyed it!
absoluty high performance power!!!
🔥🚨
🍊✌️🧡
Great interview CJ is really well spoken. Cheers 🥂
Cheers! Happy new year!
I love CJ - brilliant mind.
Tell him to start wearing a suit and I promise more people will listen to him 💪; speaking from a guy of the financial space
Thank you for the kind words and for the advice! 🙏🍻
I, for one, am very excited about this new company and can't wait to dig into the details. This idea of Bitcoin backed mortgage loans will sell itself, regardless of how CJ dresses. Right now, all the other companies have too high of interest rates and too short of terms. The People's Reserve will change the game for long-term BTC hodlers.
@@jad1497 A Market Maker for We The People! 🍊✌️🧡
How would one get their btc exposure from MSTR? Is it just to sell MSTR and run and buy bitcoin play like a BTC/ MSTR ratio?
whenever it runs up, take profit, buy bitcoin
Many different strategies, short is dangerous carry trade, but control your deltas and can capture premiums!
Awesome podcast. Hold on to your hats I suppose lol. Stack sats and MSTR
🚀🚀🚀
Buckle up! 🚀
🔥 How do we get a People's Reserve t-shirt?!
Ask CJ on X? 🙏
Haha no marketing, no merch.
Will step that all up once we are LIVE in 2Q25
Find us at a conference later in the year and we can hook it up!
You've done a lot of goods rips, but this is the one to share with young people IMO. Screaming eagles of signal.
Thanks! I think this one was particularly good!
Thank you for the kind words! 🙏 🍻
Great interview as usual
Happy you enjoyed it!
🍊✌️🧡
Great work, Bram. I subbed when I found you. You're going to get large - just keep putting out solid stuff like this and remind people to sub a few times per episode. Good Luck, brother 👍👍
Bram deserves it, he's become a Bitcoin giga 🧠
Much appreciated!
This guy is awesome. He is so smart!
Thank you for the kind words 🍊✌️🧡
@cjkonstantinos I started following you and am so excited for the roll out of your new products. I'll be one of your first customers ❤️
@cjkonstantinos where can I go to vote for you to be on RFK's team?
@@wakeupbeautifulspaandacademy see you soon! 🤝
@cjkonstantinos thank you for this great explanation. I agree with Bram that you "Orange Pilled me again" I have been emphasizing Bitcoin to my 20yr old daughter and I think this episode is a wealth of information! Happy New Years 2025!
Happy New Year! Thank you for the kind words 🙏 🍻 always happy to hear of another 🍊💊
Wonderful!
Damn.. That was a smart cookie.
Great show.
🧠🔑
Appreciate the kind words 🙏 🍻
What worries me is the existence of capital gains tax, which does not even make sense. When you hold 1 BTC = 100 000 USD, the tax is 20% and the central bank decides to double the supply of fiat just by printing, now you hold 1 BTC = 200 000 USD and you owe the state some 20 000 USD despite you have no gains! It's just state devaluing its currency and forcing you to pay for it as if it was you who created value and should share it!!
As long as fiat is considered a "standard" despite its supply can be arbitrarily manipulated, people who save the most and delay gratification will be taxed the most.
I already feel it as a self-employed - I actually try not to make too much money so that I won't be reclassified by tax revenue office as a higher income individual and pay higher and much more complicated taxes.
The system is on its head - the more value you create and save, the more it punishes you :(
Well said! I think this illustrates the battle we are in
@@bramkdoes this mean we should be less enthusiastic about BTC? Sounds like rich will gain more wealth as always w/o much of impact & hardworking individuals will keep paying taxes out of pocket before they can ‘see and feel’ the benefits?
@@olgab3579 fuck no! That is why you need to tell everyone about this!
Bitcoin Fixes this!
Really love your guest and your cast
🙏
Than you! 🍊✌️🧡
Stacks coin is a layer 2 for bitcoin, it brings defi smart contracts and fast transactions, the bitcoin ecosystem is coming
I like Stacks, also I think dollars are the best L2 for bitocin.
There will be centralized and decentralized solutions!
@cjkonstantinos layer 2 is the future, bitcoin gives layer 2 security and it's a store of value, I can't wait to see where this goes
CJ is such an amazing guest
🙏🙏
Thank you for the kind words! 🙏 🍻
“Its not a speculative attack against the dollar, It’s more like defense, leveraging the tools wallstreet gives to publicly traded companies to acquire more BTC per share.” Brilliant way to put it
Thank you! 🍊✌️🧡
🤝
I've bought and sold bitcoin for the last 8 years.... Had I only bought and never sold for measly profit my situation would be completely different now.
Never Agian. I'm going to continue to hold till it hits 1m
Don't make the same mistake at $1M...when it's time to sell your bitcoin, you won't have to, you'll just borrow against it!
@cjkonstantinos thanks a million mate. I'm following you and people's reserve closely.... Fingers crossed for you.
@@aww46 🍊✌️🧡
Is this your 2nd interview? Of so, woot woot. Loved the 1st one - will download this one for my next ride. Maybe I’m confusing you with Natalie. 😂
Haha might be! Here is the first one CJ and I did
ruclips.net/video/yJMpDM3FnTY/видео.html
I was episode 5 with Bram! Amazing how quick it went by, even more amazing that we are transitioning from that commodity cycle to a money/credit cycle!!
Knowledgeable guest. I find myself listening again to thus to absorb the mechanisms he is talking about and try understand them. I think these minds are necessary on the road to full bitcoin transition. Nobody likes the fiat machine, but what we going to do, go to war with the monster? Let bitcoin do that for us. Great guest.
Happy you found it valuable! 🙏
Thank you, appreciate the kind words 🙏 🍻
Always awesome to see you bring CJ back on the show to drop some ever evolving ALPHA!!
Great job Bram! 🎉
Always!🔥🔥🔥🔥
The world is not ready for Peoples Reserve, they'll all be playing catch up for awhile!
CJ is a National Treasure
Appreciate the kind words 🙏 🍻
Just wow. CJ is an all star and sharp as hell. Fantastic guest, Bram. I enjoyed every minute of this one, brother
Much appreciated!🧡🙏
Appreciate the kind words! 🙏 🍻
As of 2018, there are 19,495 incorporated cities, towns and villages in the United States.
14,768 of these have populations below 5,000.
Only ten have populations above 1 million and none are above 10 million.
Lots of SBRs about to pop up, even more Municipal Bitcoin Bond offerings!
Trying to get a hold of CJ I put in a request on his website but nothing yet. Is the business still viable?
Dm him on x
Thx
Any time!
🍊✌️🧡
People selling for chump change 😂
SELL MY BTW FOR WHAT??
It's amazing people still accept fiat in exchange for bitcoin, especially with no bitcoin reserves. Def will be a bad decision to make, just like my selling btc to buy my house 🙃
to estimate the cost to build your home a good starting point is $150 / sq ft
Few understand proof of work as the starting point of "fair value" which is a critical variable in the free market price signal.
If the market didn't agree with the value prop of the home, it wouldn't pay above the $150/sq ft.
Profit is the invisible hand that drives the market and signals to entrepreneurs how to allocate resources!
CJ brings pride to all of us Greeks everywhere. 🇬🇷
Opa‼️🍊✌️🧡🇬🇷
Bram is one of my heroes, up there with Charles Ponzi, Jane Fraud and John Pyramid Scheme.
Thanks! Appreciate that a lot! 🧡
Bram is a bitcoin giga brain 🧠
Except that it dropped since the video to $93k
Even more on sale!
Deeper discount. BUY discounts!
@@bramk true enough
Where did that "insurance is 12% of US GDP" come from? When I fact-check with Grok it says that insurance is only 2.6%
Whiskey premium will be there because it test depend on local weather and ages and that is hard to duplicated again it is not possible so premium will be there. also real estate location value be there but it will reduce endless building new realestate to wipe out old real estate will be stopped so Bitcoin basiclly stop exploitation of nature and that will be good but premium will be there
At least you understand the premiums aka profits. Most people ignore that profit is the invisible hand that drives the marketplace and resource allocation!
The problem with people thinking they can build there own homes as if they are just making a few phone calls and everyone is going to do it for them like it just somehow magically gets down. Think a contractor home builder isn’t needed are completely ignorant because you actually have to know everything about building a home to be a home builder and sure everyone has a rite to build there own home but don’t expect trades to give you the same price because you waste there time with lack of your knowledge and something you have to get your tool belt on and its your job to do not just make phone calls or if you don’t plan something correctly its not your concrete guys job to know your plumber was supposed to rough in first before the floor goes down. Now there definitely are conmen builders that make it undesirable to hire home builders so good luck building your dreams without everyone elses expense
Your explaining Proof of Work aka cost of production...it's why all that application of knowledge actually creates the price required to access the value prop of the good or service!
what he said
Lol shed miner here
🚀🚀
She'd miner, node runner...this is how it starts! 🧠
could you interview somebody who really explains why mstr have beeing losing track of btc for one month?
MSTR is a bitcoin accumulation and transformation engine...paytience 🚀
Got the best MSTR analyst coming on soon!
Your personal percentage of the Bitcoin Network will not change should bitcoin price fall but the opportunity to increase your percentage definitely increases! …a good temporary trade off.
💯💯💯 own as much as the network as possible!!!
🔥🔥💯💪🏾
🍊✌️🧡
They can and will increase the BTC supply....it's already been hinted.
They will paperise it anyway they can....rest assured
Love your positive outlook!
There are so many forks of bitcoin core, they can try what they want but it will never work!
@cjkonstantinos I don't think you know your history too well regarding destroying hard money that's threatens their power...
They will not allow us to become millionaires ever....dream on
Ok
Too late for that!
Nothing stops this train 🚂
You lost me at “debt is “”Kawasaki” good”
The gov and banks have flipped the script since they are the biggest borrowers.
Just imagine going put to the street and picking up your mortgage payment from the curb, like in Venezuela, that's an asset to the borrower and liability to the lender.
Bitcoin is not a currency nor a commodity What value do you put on SPECULATION.good luck punters
Correct, not currency, not commodity...it's money!
Might want to get some before govs start using it as reserves.
Good luck!
Oh no!
Lets be a little careful with the pumping, its going to be difficult to get a full SBR through congress, im thinking we get SBR light through executive order but its far from as good as done. This guys not really treating the audience like we are intelligent.
Don’t think we are “pumping”. SBR is rational
@@bramk Rational sure, i just mean even a surface level inquiry with an AI chatbot about the legal issues involved and the changes to the legal system required will make it pretty clear that its not going to be easy. This guy clearly hasnt even done that minimal work and yet is presenting himself as some sort of knowledgeable authority on the subject.
Sorry you feel that way, even more sorry you trust ai bots over humans. Keep studying! 🍊✌️🧡
I hope you get that invite to Saylors party next year!
kinda lost me when he debt was good....not having any debt is peace of mind
Having debt that allows me to buy more today and is easier and easier to pay off over time is easy to sleep with.
Now if you had bitcoin denominated debt...no sleep.
Not shure who i'm listingen to, a bitcoiner or a politician/banker. He is proud to be nr 9 to join the political arena, seems quite positive on al sorts of complicated banker products. SBR might be pumping your bags, but if managed by the same type of people it will still never be enough for them.
Listen to more of my content, there's no way I can be confused as a politician or banker...
Bitcoin keeps the fiat scam in check!
C’mon Bram! You’re putting us gen-xers out to pasture. Lol
Gen xers are much harder to change minds, congrats for being a thought leader in your generation!
haha you are probably good ;)
I’ve been hesitant due to having the negative mindset that I was late to the party of BTC due to the current price. But, I invested $1,000 into BTC to join the revolution. It ain’t much, but I want to be apart of history.
You just start and study! You are not too late now nor will you ever.
We all start out this way or wanting to be expert traders...but we don't change bitcoin, bitcoin changes you!
Congrats on taking the leap, before you know it you'll be a maxi just like us!
This guy gets on my nerves. It's the second pod I see him on and he doesn't tell anyone where I can use my coin to borrow from him.
Nah CJ is cool!
@bramk Where the heck is this bitcoin borrowing service he is selling? The only thing I found about people's reserve is some shitcoin.
Not to argue about validity of btc as an investment, but the calculation of fair value based on cost is not a valid base. Prices, in free markets, are always determined by demand and offer, not by a “cost plus” formula. Eventually, long term, if price goes too low, miners will stop mining and prices might go up again if there is still demand for whichever the item.
You're talking about free market price signal.
Literally, the cost of production is the KEY variable in free market price signal.
If the producer can't sell the good or service for a price above the cost, there is no profit aka the market is telling you the value prop of your good/service isn't good enough, redeploy resources.
If the producer can sell above the cost the free market profit is made aka the market is validating the value prop of the good/service.
Lack of demand requires LOWER PRICE, if price goes below cost, the free market price signal is telling you to produce a different good or service.
🤣🤣🤣bitcoin is worthless waste of electricity
HFSP and godspeed! 🧡🧡
Truth ledger in a world of lies is actually worth ♾️/21M
@@bramk lol...Have Fun Staying Poor (HFSP) lol...I get it
49:34🎉
53:00
🍊✌️🧡