Bitboy | Two Different Worlds
What's up with Ryan's glasses? Is Bitboy changing his approach?
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Inside the episode
Bitboy -- aka Ben Armstrong -- is the notorious crypto influencer with one of the largest audiences in the space. After some jabs back and forth on twitter, we're bringing him on Bankless to clear the air.
TIMESTAMPS
0:00 Intro
6:00 Bitboy's Glasses
8:00 The Rant
14:50 RSA's Perspective
19:30 Bitboy's Bill
24:20 Ethical Platforms
28:05 Beef with SBF
34:24 Changing in Crypto
41:00 Two Different Worlds
44:55 Shortcuts
50:45 Disclosures
52:20 Heavy is the Head
59:41 Man of the People
1:03:03 Best Practices
1:05:50 Closing Thoughts
Transcript
foreign bankless Nation we are hosting bit boy on bankless today the thing they said would never happen is happening David you're looking snazzy as always I'm glad you brought your customary suit and tie into this bankless conversation uh as you know this is a podcast by the elites thankless nation and we are going to talk about talk to someone who is a man of the people today with bit boy what are we gonna get into uh yeah we just want to cross these
worlds of you know the the elites and the people and see uh what kind of uh intersection we can come to uh and so there's a lot of things that he has uh he has to say especially about glasses uh so I really want to hear about Ben's opinions on glasses uh and just you know kind of get get his perspective as to the you know what's going on in the crypto industry guys before we get in I got to tell you about a fantastic tool for the elites uh for the bankers out there there's a tool called earnify where you can connect your eth address uh and get connected to
all of these fantastic airdrop opportunities David I've made some money using this in the last year or so it's like over 10K in money it alerts you to Opportunities automatically uh and as a banker as an elite of course I like making money I don't know about you what else would you say about this stool and uh how can folks get plugged in it's a pretty Elite tool for all the elite boys out there yeah uh I mean it does all the work uh I I like margins uh and so when I can hire a bot to go farm airdrops for me I'm just a big fan as an elite guy
myself yeah uh well if you guys want to find out more about it and plug in your wallets and see what opportunities you could Harvest from this thing go to bankless.cc slash earnify that's e-a-r-n-i-f-i and you can find out more about that uh David maybe we should set some contacts before we bring bit boy on um you know some people have said that this is a peak bear Market content uh a comment I I read going into this conversation was uh folks who may have bottomed Bank list is having bit boy on
the podcast I guess I'm not nearly as pessimistic I'm hopeful we could have a a useful conversation with the context for why we're having this conversation is uh bitboy this is Ben Armstrong the guest who's about to appear on the podcast went on a rant about uh my glasses I think this rent was mostly unprovoked you might have a different perspective we got in some DMS some back and forths uh he doesn't know who the FI was or maybe he does now we'll I guess we'll see um it took a while to schedule then on the episode episode uh but he replied we
got something scheduled we did a quick gut check with the bank list community and said should we bring bit boy on the podcast you know something for entertainment purposes for advancing the conversation forward uh I was prepared to not do it if the community didn't want it to happen but close to 60 percent of the bank list Community said yes bring Ben on the podcast bring bit boy and the con on the podcast have a conversation that's what we're about to do uh what do you have to add oh I don't have anything else to add right well I
think we should uh cut to the sponsors who made this possible once again these are fantastic tool for Elites uh like you listening this episode if you want to become more banked and then we'll be right back with with bitboy before we do we want to thank the sponsors that made this episode possible arbitrim1 is pioneering the world of secure ethereum scalability and is continuing to accelerate the web 3 landscape hundreds of projects have already deploy on arbitrum one producing flourishing D5 and nft ecosystems with a recent
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icon to get started nexo is your financial hub for all your crypto needs nexo lets you buy crypto instantly with your credit or debit card or via bank transfer they also have an awesome Advanced trading platform called nexopro that pays you rewards when you swap crypto assets and nexo also lets you earn interest on your crypto in Bitcoin eth or other assets and they also give you an instant crypto line of credit with as low as zero percent APR and they also give you access to a crypto backed MasterCard of course earning you more crypto when you use it so enhance your
financial life with nexo who ensures all credit lines are over collateralized with insurance on all custodial assets next though the right place for your crypto so click the link in the show notes to join over 5 million users who are getting the most out of their crypto bang the station want to introduce you to bitboy AKA Ben Armstrong AKA bit boy the crypto influencer who doesn't know who the f I am at least didn't two weeks ago he is a ceaseless Fighter for the people bit boy welcome to bankless yeah um well thank you for having me on I'm
glad we could uh make this happen I I think really the problem was is when I read your tweet I didn't have my glasses on and so I didn't exactly read what it said correctly wait so you are a glasses wear yourself and yet you're criticizing glasses is this uh where is this criticism coming from what do you what do you have against glasses bit boy well I've been ashamed obviously um well you know this goes back to when I was in the third grade and people are going to be shocked to hear this but I did things for attention back then I purposely I know I know
YouTuber YouTuber was not a career choice back then it was only circus clown that people thought it was going to be but uh basically what happened is I failed my eye exam on purpose so I could get class classes and and go into the third grade for shock value for my class and then my parents thought I actually needed the glasses for years and in the fifth grade I lost the glasses multiple times which actually spurred on the fight that I believe ended with a divorce between my dad and my first stepmom are you serious that's actually true story that's actually a true story I think because I saw you post in one of our uh I think it was
during the SPF uh Voorhees and David was like uh bit boys posting in our chat right now and what if you're one of your posts was um I tragically that you hate glasses so much because it caused your parents divorce yeah well that's not really why I made the comment about your classes but yeah that is actually a true story that actually did happen so maybe in my heart I do have some you know natural uh instinctual resentment towards classes it's kind of a Freudian thing then yeah it must have been it's my fault though I shouldn't have failed the exam in the first place well can we talk about so I I want to start here
actually with the glasses uh ran by the way sorry rant I don't know if that's what you'd call it but it's fine that's what they call it in the chat it was a rant okay so it was a rant uh and this is uh this is what it was I think most people listening to this uh probably saw this video including me I was really surprised to see it the next day uh and then you tweet it out it has to be said the suits have taken over crypto no denying that man and I won't stand for it f bankless f Ryan s Adams F the horse they rode in on we stand for the people
not the elite not the lawyers not the billionaires one thing is for sure I definitely don't represent douches it was really so this this rant about like um bankless about uh me uh was this like spur of the moment because it kind of looked like in this rant you just like scrolled up on my new profile yes a dude in a sports jacket with glasses on and you were just like yeah F this dude in particular was this like where did this
come from was this spur of the moon like why did you say this I was I was left very confused about the whole sure encounter well first and foremost um you know people know I I get hot you know I I get heated over stuff um I you know that's just how I'm built and why is that because I'm super extremely passionate about things and so what got me really riled up was you know when me that's the first night me and SPF got into a little argument um over you know basically them trying
to steal uh some of our political backers out from under us and you know all of a sudden you have this tweet where you say you know pit boy does not represent crypto I mean these are the people what's that said yeah I'll show the Tweet that's what I said please dear Lord and any lawmakers or adult three in this tweet there's no big boy doesn't represent us either talk to Jay travinsky the blockchain association dcg ties talk to Miller cwl don't know anything about them talk to coin Center they're fine people um which you know that's no shade at J
travinsky I don't know him personally blockchain association's doing some good they're great by the way Jake is fantastic I'm sure uh Miller works at the D5 uh fund doing fantastic work in DC and I'm kind of surprised you actually don't know about these people I know you're doing a lot I would call them personal Heroes well I I know Jay travinsky I know coin Center I just didn't know uh Miller cwl all right so you saw this tweet right then what happened well I was offended I mean because the fact is I do represent crypto I represent the average person in crypto if you look at the statistics I actually did a poll which is not
scientific but I did a poll on Twitter which you would think would skew harder to Twitter and 70 of the people that answer that poll say the first place they went to learn about crypto was YouTube my channel is the mainstream YouTube channel it is the Gateway through which the majority of people at least in the last Bull Run came into crypto now certainly I don't end up being everybody's cup of tea and some people ended up wanting to get more into trading they want to get more into mining they want to get more into um you know maybe they just like someone that has a different disposition so
someone that doesn't do hour and a half live streams every day maybe they want their stuff more concise uh look there's plenty of great YouTubers out there for people to watch so but I'm the doorway and so so many people come in and I'm great with that if people come in through my channel but then they end up somewhere else the the point for me is I love the fact that I bring people into crypto I was at a conference a couple weeks ago and you know the guy who organized the guy who organized the entire conference uh Expo verse he came up to me and said you know if it wasn't for you I wouldn't even be into crypto and now there's a giant conference going
on I met with a woman from iog who works uh you know under Charles well yeah I guess he is the head of iog technically but um she came up to me at rare Bloom and said hey you know like I got into crypto through your channel and now look at this I'm working at iog it's so cool so I know that we are the doorway through a lot of people that people come into the space and to say that I don't represent people like yes I don't represent the suits I don't represent um you know people that have you know 74 degrees uh whether it's in financial
management or whether it's in law or whatever it might be but I do represent the average person and no person on planet Earth has educated more people about crypto than I have that's just a fact if you look at our number of views we dwarf everyone at least in the United States for sure obviously Bureau in the UK I think he just moved to Dubai he does a good job his channel has outgrown ours they have a different you know kind of a different kind of thing they do they do longer videos but less videos per week and things like that but you know for us we really believe that we are you know that the the Catalyst for
bringing people in and educating people and certainly you know people can point back at things from years ago that weren't done perfectly um you know some things that happened whether it was projects we promoted that didn't do well or did well for a short period and then dropped or God forbid there was a couple that rug pulled whatever you know people hold that against us from years and years ago but if you look at the maturation of my channel if you look at where we're at today I take that very seriously that we are the educator in crypto I'm coming out with a book catching up to crypto
you can find on Amazon comes out in January uh this is going to fill the gap between people that come into the space to understand the space because you've probably experienced this before when people watch your podcast there's a gap between when people come in and what we consider to be a beginner it would take 60 videos to make that content in the book I'm going to try to do that job of filling the Gap so we take it very seriously and people don't understand all the things we do behind this behind the scenes to try to push crypto adoption and Regulation and um trying to
make things that are very friendly for the crypto world and we want to keep decentralization so to say that I don't represent crypto like yes it triggered me it definitely triggered me because I see this kind of comment all the time and it drives me insane and then of course when I look at the list of people that you have there that you can talk to like these are your traditional uh you know uh your traditional kind of uh you know lawyer in Jake travinsky obviously like I said I didn't know Miller cwl but coin Center I know what they are and I know what they represent they're buttoned up like for me it's about
representing the person like the average person that comes into crypto with a dream to change their life and so yeah it made me mad and and when I get angry um I do have a way of verbally assaulting people uh in a way that uh it's it's both a strength and a weakness you know it's one of these things where I can defend myself pretty well and I don't I don't take things lying down but obviously you know should I have made fun of your glasses probably not I do have a suit on in the picture to be fair um I I by the way there's a t-shirt under that suit so it's just not I mean
it's just I don't like how the series not today with a skinny tie there you go there you go not today no today is my full Banker apparel so okay so you're saying that so by the way I think we'll come back to this but you're saying hey look bit boy is an uh a gateway to many people into crypto uh I'm I'm you know helping to lead people in and uh by the way like bankless and others you shouldn't be so dismissive uh of me right and you felt like this sweet was dismissive let me tell you my perspective and where I was coming from with this with this tweet but and I do
want to come back to you like with that entry to crypto and the 1.x million uh number of um you know followers you have on on YouTube subscribers you have on YouTube what a tremendous amount of responsibility absolutely rest in your hands bit boy like what a a tremendous amount of responsibility to make sure people aren't falling for scams right are going in the direction of like the dough quads and the 20 anchor yields like you have a tremendous amount of responsibility we'll get we'll get to that a little bit later in this
conversation but I guess here's where I was coming from with with this tweet right I don't know very much about you to be honest bit boy like I did know who you were I know you didn't know who the FI was but I knew who you were just like but I hadn't subscribed I'm not listening to the bitboy crypto channel uh on the regular basis like I'm not down to bit boy Rabbit Hole I just don't know very much about you my reputation uh like you're kind of a crypto influencer sort of attention seeking individual visual you might have reasons
for that maybe the reason is to kind of onboard also um you know Zach xbt which uncovers a lot of scams and and you know frauds in in crypto had sort of a thread I was familiar with that I was I was familiar with your your riff your back and forth with Kofi Kobe where there was like some sort of lawsuit involved so I hadn't done a deep dive on this and what I was saying here is if you see my tweet here uh at you know was SPF put up his my current thoughts on crypto regulation all right first tweet here this is what
I said before you even replied Sam with respect this absolutely sucks you're saying D5 should be oh fact you're saying on-chain freezes should be normal you're saying D5 front ends to register as a broker dealer no this is not reasonable this would eliminate the us from the crypto race all right so the things that you were saying at least the points I could glean from the rant that kind of resonate with me is like you are anti-sam's ideas on so-called crypto
regulation that would stifle defy guess what so am I like so like so and here I am in the thread saying that and you uh lumped me in with the Devils uh SPF which we can come back to which was completely factually incorrect yeah and honestly bit boy I think you owe me an apology for that and I'm happy to say I could have phrased this tweet the other tweet that you're talking about differently uh the Tweet where like what
did I say here uh the Tweet where I said Don't listen to bitboy but let me give you some context for what I'm saying I don't want lawmakers to listen to SPF all right right and I don't want them to go to the nearest attention-seeking crypto influencer YouTube and get their information from that person either I want them to get the facts from the people who are on the ground working on the dccpa in DC like Jake travinsky who cares about our values bankless values
who cares about the values you say you care about Miller uh as well from D5 fund coin Center these people are the people who are standing up for our rights in DC and actually have the funding and have the ears of lawmakers I want lawmakers to go to them no disrespect I don't want lawmakers to see that the rant you put out because they think we're crazy when we do that all right it sets our cause back I don't want them to listen to SPF but to be honest bit boy I don't want them to listen to you either I don't even
necessarily want them to listen to to bankless okay so that's where the Tweet is coming from I'm trying to redirect look your game is attention I get it that's like that's why that you you said you know back in grade school you put on the glasses for attention you have a YouTube channel for attention okay and you're good at it because you're good at getting attention by the way this rank got a lot of attention I think like you were trending on Twitter like three days yeah my point is this is not where serious lawmakers should actually go and
you're saying in your rent that you're working behind the scenes yeah and you've got legislation coming up I've talked to these people they don't know anything about what you're talking about like who are you working with in DC like there are some things that are factually like just not resonated I sent you guys an email last night and you didn't get it and it has all the information I wanted you guys to come with that information so that you guys will see exactly what I'm doing and it's not smoke like it really is we are working we have high level politicians on both sides of the aisle um and what we're working on is a bill
and the goal for this bill is now to become an amendment onto the boot onto the uh a boozement bill so because of that like yes if they're working on the specific language of the bill we're not to that stage yet because this has to run through a process where it gets tweaked down to an amendment and now look here's here's okay number one sure I'm I'm sorry that I said that I apologize I can certainly be a bigger man apologize obviously you know I make fun of sandbankment free tear I make fun of your glasses like I I
tend to I tend to focus on things that really don't matter but really what that is is that is just me trying to to manifest the way I'm feeling about you and that's the way that it comes off and to me it was a very elitist thing to say that I don't know what I'm talking about when number one you you don't watch my channel and you don't haven't listened to the things that I've said we actually already have a bill drafted in California uh that's you know sitting there in front of the assembly which is uh the financial uh stability and the financial education and stability Act of
uh 2022 sjr 16 on the California docket I've got Senator Mitch hersberg who is the head the head of the assembly in California he's coming on my channel soon met with his chief of staff gave input on the blockchain bill in uh the blockchain bill that they did for Vital Records in California guess what it got approved I'm not the reason it got approved obviously but we had input on that bill we looked over it in early stages so I think people really dismiss the level of involvement that I have in crypto now here's what I want to say I
really wish basically I know you guys didn't intentionally not read that email I you didn't realize it was sitting there we talked before we went on air um but that email tells you a lot of the players were working with it it tells you um you know exactly what we're doing and I think when you understand what we're doing it makes sense because I don't want to be in charge of crypto regulation I don't want to try to determine what is a good transaction and what's not what we're working on is a mechanism that a lot of people have called for for years in crypto
to be able to make those decisions on crypto regulation I would not be the person making those decisions some of those people that you mentioned in that tweet they could be involved potentially in the future in making some of those decisions and I wish it could be a little more clear about exactly what all that means but unfortunately until we have the funding for the bill and it's registered then we technically can't give the details away of the specifics but it's taking away the ability from one man to be able to come in and influence crypto in terms of uh
what SPF has done and it puts it in the hands where people in crypto actually have a seat at the table and I think once you look over what we put together I think you'll be like oh yeah that makes complete sense um and I I doubt that anybody in crypto Eric Voorhees who's on your show a couple weeks ago or you know last week I doubt any of these people will be against what we're doing what what we're doing circumvents all the language actually in in the uh dcap is it dccap or dccap yeah dccap right it goes around
all that link which CPA I think yeah yeah DPC you know YMCA so the whole thing is is it's a mechanism and it's common sense like we like doing things that are common sense for people and people would say like why in the world these people came to me by the way why would these people come to me because I have the biggest voice in crypto like I have the biggest platform in crypto by far in the middle of a bear Market between Tick Tock and YouTube and like we had almost 10 000 people watching our stream today we have almost 10 000 people around the
internet watch our streams every single day you're Eric Voorhees versus SBF debate which was the most the thing in crypto I enjoyed watching more than I've ever watched another thing it got like a thousand viewers like I wish they've got more it should have gotten more is what I'm saying but the point is I've got a big voice and we're able to circumvent marketing costs on builds because I'm able to go out and speak on behalf of crypto so that's that's why I got triggered and that's what we're doing in a nutshell you guys can read more about it later
um but I don't I don't want to make decisions it's creating a mechanism that also by the way I think everybody will be on board with this who right now is in charge of crypto everybody knows it's SEC that changes under my Amendment so this is the thing right and this is the thing that uh we're kind of like we have to respond to it's sort of like the crypto ethos of of uh not trust but verify and so I don't know anything about the bill that you're saying there's an email waiting for me
and I'm happy to like look at that and investigate right but your approach was not that your approach was not like hey here's the bit boy uh bill you know let me reveal it let me go over kind of like a a rationed reasoned uh sort of reply and Eric Voorhees style of reply to SPF it was just it was just like kind of this big like rant yeah uh kind of accusing I I think that you'd probably say based on this tweet anyway bit boy
that like from what you say we're probably on the same side okay so we both think that Sam's proposals uh sucks and like you've got one approach one way of doing things bankless has another we were able to bring both Voorhees and SPF on the show to have a productive conversation it wouldn't have worked if we started the conversation rather than rationally replying with something like this by making fun of Sam's hair or I saw on your Twitter stream like uh Sam with like devil horns and like a goatee
patched I just retweeted it you know look okay so you're doing a different approach here and yet like you're saying we're on kind of the same side from a values perspective you have to respect the approach the bank list is taking this in my ass to you bit boy is like I'm not just gonna trust you okay so like one thing that we can't do in crypto is to the best of our ability if we have any kind of platform and your platform is bigger than ours on YouTube you know for certain but if we have any any kind of platform we have to help
people we have to there are predators in this space tons of them and so we have to do a better job sniffing out the Predators and the scammers and those that would take retails money and giving them access to get information and if you just play these games of kind of like you know attention for the algorithm and you don't open source what you're talking about you don't like come back with with uh reasoned arguments it's just not going to be as effective but like let me let me ask you a
question so what were your thoughts on the SPF and Voorhees uh conversation so you say you watch that stream um yeah what'd you think of it like who won the debate where were the good side like where were the good points made and overall what were your what were your takeaways well before I get into that I I do have to because I definitely want to give my thoughts on that um I I do want to just like the thing about that tweet like the same thing you're saying to me like you could have left out that first part about bit boy
you could have just said hey these are the people we want to have in you didn't have to call me out specifically I guess that's I'm not sure like so I'm actually not sure you're one of the good guys like I don't know you I am like I don't like I understand why people but you can't just say that you have to like you have to you have to show it right and by you just engaging in in the way that you've been engaging it just doesn't show me that it just looks like it's a crypto influencer looking for more attention that's what it looks like to me if you had been like here's GitHub and here's kind of an open source
um like document of all of my propositions here are the senators were working if it was like that kind of reply you would have gotten a different response to me my only thing was like let's focus on the people doing the actual work yeah sorry I'm gonna let you finish it's hard in the bear Market to get people to fund things so um that's that's really where our struggle is when we've had several people have committed to funding and then ghosted us and you got to wonder why that is but um so here's what I have to say about SPF before we get into the debate which is you have to understand what happened
I've been whistleblowing on this Federal bit license for six weeks now for six weeks and the thing that triggered that entire conversation on Twitter after he posted that was I said I just respond to him I said get ready bud and he responded back oh you're still in finance or whatever but he didn't even say binance because he was scared to actually have CZ involved there's a deep civil war going on in crypto between uh CZ and SBF people don't know that's why him CZ have been investing in Twitter such a big deal because SPF was told no so um but what happened is we I have a
person who helps us raise money he he reached out to SPF and uh Tim Harrison from FTX U.S and sent them our bill and our proposal and said hey we're looking for funding we think this might be something you'd like to take a look at they said yeah sure so they took FTX took the bill they moved it over to their policy team now in the world of Politics the way a policy Team Works is they move very quickly they don't work very slowly because it's always a race to try to get things out so they sat on our bill for like three weeks without telling us if they were going to fund it
or not no no input one of our top politicians Who's involved in this called the policy head at FTX us or I don't know if it's FTX or FTX us I think U.S and basically called him and this is the type of person when this person calls you answer the phone and so this person talked to uh the politician and said that okay so here's the deal we're actually not going to be funding this bill because we're working on our own legislation we have Chuck Schumer behind it and we are attempting to create a
federal bit license and because of this we've been having a problem with your side of the aisle we would like for you to lead bit boys team and come over and work for us he literally tried to steal one of our top people out from under us meanwhile they sat on our bill for three weeks to sabotage us to slow us down and so it's been very personal so you can go back and look nobody else was saying this about SPF because I'm the only person who had that information for six weeks I've been telling you he's going to push Federal bit license about four
weeks ago I finally came out with the term Federal bit license I outed Chuck Schumer I outed SPF um outed Tim Harrison uh so I explained what they're trying to do the next day Brett Harrison steps down from ftxus who was the person that just all ended up going through the next day Brett Harrison follows me on Twitter so you know they're watching and so it's personal between me and SPF and if you look at SBS track record this is what he's done consistently consistently he has crushed competition in pursuit of
his own Endeavors trying to rule the space but what happened is when we came out with a video that very uh very distinctly uh articulated what he's trying to do what happened is he's soft in the language so if you go look at his tweets he very specifically says in those tweets about what they're doing which by the way the manifesto on the website a little bit harsher language a little more detail but on the Tweet thread he said now just to be clear here we're we're not coming after decentralization we're not coming after D5 we're not