I don't believe sufficient ever have a good money against before
we take something out of the names of governments, welcome,
everyone were simply Bitcoin. We break down the news.
The daily fail mean review, software releases Hardware
releases and the websites by plebs joining us today.
Fellow Bitcoin ER fellow pleb host of SATs radio on Twitter
spaces. I'm talking about earning gush.
Mm, he's joining us. But right, Now we are diving
into the numbers. Let's do it.
People brought to you by Bitcoin, 2022 is going to be the
largest Bitcoin celebration / conference / party hosted and
sunny sunny, Miami Beach, Florida.
It's April 6 and night. That means it's coming up in
less than a month guys. Get your tickets quickly the
speaker lineup includes not present name, bouquet leave.
Oh Salvadore Michael sealer. Say 15.
Adam back Jack mahler's Senator lummis, dr.
Jordan Peter, In and many many awesome speakers Phil and I are
on a panel with the mean Lords. It's going to be absolutely
Bonkers guys, and you can take advantage of the link down below
for 10% off your tickets. To the largest biggest Bitcoin
conference ever Bitcoin 2022. At the time of this recording,
the block height is seven hundred twenty eight thousand
six hundred ninety six the Bitcoin price 40 2180 chain
rewrite day 737 total public lightning capacity that is a new
all-time high. 1560 dot, 57, Moscow, time, 2371 blocks that I
having 111,000 304. And Samurai Whirlpool, unspent
capacity, Samurai Whirlpool is a coiner collaborative spend
service the unspent capacity in that pool is 4390 7.33.
BTC Nico, the numbers, the numbers bro.
Looking good morning a. Yes, Boring.
It's boring AF. But hey look, we love it.
We love it. The good news.
Is that at least it's moving somewhat.
Anyways, I wanted to pull this up.
I have some too interesting little data points that we could
talk about first one is this you know what are the shit coin
narratives. And you know Visa I'll tell you
know, Legacy Media narratives is that you know Bitcoin is too
slow. And honestly, you know, it's
designed that way. So it becomes more decentralize
it the the The blocks are the size, they are so that it's more
people could run more nodes and if more people run more nodes
it's more decentralized unlike etherium.
That's so resource intensive and because it's still
resource-intensive, the majority of nodes are actually run on
servers, right? So the scaling Solution on
bitcoin is the lightning Network, right?
And the lightning Network. Look at that man has a lot more
transactions per second capability than the, you know,
second shit coin. Just Solana 65,000, which is
completely centralized, right? They stopped the blockchain for
like a couple days, right? A few times.
A few times, right? And then visa, and then PayPal
turn it off and restart it. Yeah, there you go.
Yeah, exactly. Just decentralize then
aetherium. Right.
So yeah, man, this really shows the power of the lightning
Network and I'm pretty sure that Mal created these is block
stream, of course, a shout out to them.
So yeah, it's an awesome visualization because I think
that if you talk about the numbers, it's one thing NG.
But if you actually visualize is another thing and another
interesting topic before I get you guys thoughts where the
crypto hype is taking over. This is a really interesting
data point is, as 2021, and then 20 2019.
So the more colored orange is 2021 in the 2019 is the, the
lightly colored orange. So an India, huge, huge, huge,
right, jump it went from around seven percent to 18 percent and
that would make sense, because you kept hearing the Flopping
from their government. Like, oh, it was legal.
It's legal, South Korea. Also, big jump.
And this also makes sense because South Korea was one of
the places that we reported one of the exchanges actually
already. Banned self custody we did an
episode of that in December, right?
So it makes sense why their governments are kind of
scrambling a little bit and perhaps, maybe that's a
foreshadowing to what the US government is going to do or
what they're already kind of doing.
Brazil stayed the same very interesting Spain jump as well.
U.s. right, went from 7 percent to 13.
In percent roughly 13. Mexico stayed the same Germany
jumped now, this is the most fascinating, Phil, so China, the
country, it's a bandit, there's a 10-year ban.
If you get caught, I don't know how they're going to catch
people, but there's a 10-year ban, the Chinese Supreme Court
passed a 10-year ban. If they catch you transacting in
crypto, right? So look.
This is now. What is it going to be 56 years
from now in India? The highest number, it's almost
20% of the population. What our governments going to
do? What our governments going to
do. I don't know that I think this
is a think this is a major problem that they thought was
going to go away. And now what their usual to
love, making things go away, which is arresting, the people
are regulating it to death. It isn't working because it's
decentralized. Right?
So really interesting and then you can combine that with, you
know, the lightning Network Trent TPS transactions per
second overall extremely bullish.
I know it's not the usual glass node.
Hope you Mmm, but it's a different type of opium.
Phil. Yeah, you know, I think what's
really interesting? And I put this out yesterday in
a tweet, after hearing about this, some tether development,
you know, being able to move on Lightning, not that I care about
shit coins. But my point is, is that it's
hilarious, that a second layer on bitcoin.
Once again, makes a base layer of shit coining obsolete.
Yep. So it's just funny, right?
Because we're not even doing this stuff on.
Base layer and every single time there's a new technology on it
whether we like it or not completely irrelevant.
The point is is that L look, we're able to do it on bitcoin
and we take away the rug pull aspect so you can go and be a
shit coiner and you know hold your fake stuff but at least
you're doing it in the safest place possible that has true
decentralization and immutability.
So it's not an, I think it's amusing, beautifully said,
anyways, earning Ash grunting Ash, all right.
What's up? Just just call me Moses but yeah
it's like the thing with the thing with all these shit coins
is like I think that any blockchain is unethical if
there's no ethical use case for a blockchain besides money.
Any format is going to just lead to some dystopian overuse of
power like any over balance of power.
You a lot of could you a little other could you elaborate as why
you think that? I think the same thing?
I'm just curious. I just think it comes down to
like, if any Group of people have, you know, any sort of
party of justice that you serves any other group of people that
will always lead to abuse of power.
Like it's just, it's a flat-out fact.
It's like a, you know, drop things and they go down.
So I think that that's just why any form of blockchain that
isn't used for money. Bitcoin is just irrelevant
because it's always going to have some disc balance of power.
Yeah. My I absolutely agree whether
it's a smart contract. Years or, you know, all those
other shit, boys that you talk about field, where it's like,
they're loading their voting. There's like voting in there.
There's democracy in it. So yeah, man.
It's, I completely agree. You know, I agree with you,
100%, but, hey, doesn't mean they're not going to try
anyways, right? Yeah, cause I think I think
Klaus Schwab really likes Solana.
He's a big fan. I will listen to you.
Oh, I know what you're gonna say.
Feel say it's safe. Okay, well I was gonna say he
also. He also likes a theory of any
also likes this other weird random shit coin out of nowhere
called cell 0. We're not even we're not even
being funny like you know like legitimately he has an opinion
on this shit dude I'm so glad it's not necessarily to just to
be factually, correct, right. He Never himself, come out and
say anything. But the world economic Forum has
endorsed as endorse those projects and they are part of.
They are partners with the world economic Forum.
Just. Yeah.
The the beach, a one of the chairs of it's so funny.
The chairs. Like, it's a company.
Could you imagine if Bitcoin had?
No, it doesn't have that. But like one of the more, no
chairs broken, exact, there's no chair that.
It's not a chair that chair side.
Chairs in the bench, it's a comfy bench.
Anyways not on wheels that looks like a chair it's camouflage.
Anyways, so am you gooshie? I'm pop you guys off the graphic
is she's on the chair of the of the theorem Foundation.
There's three people. She's on a chair and she's a
member of the world economic Forum, right?
And it was actually fills investigative reporting.
That found that she's actually the head of their Global
blockchain Alliance. So so it's not just like some
random person in the world economic Or I'm like, hey, you
know, I'm just - sorry the alliance.
Yeah, exactly, right. It's like the, the, the
chairperson of the blockchain, you know, Alliance, it's so
ridiculous. Anyways, you think she's met
with Klaus? Oh, definitely.
Yeah, I think supposed to pitch her good friend, like she sat at
a table, like Klaus goes like this.
What do you think of what do you think of migratory sattaiah?
So, which one are you? Bullish on?
Is it going to be They penetrated coin or Xenon can oh
man oh man. Anyways anyways, anyways Phil is
time for the daily fail. Brought to you by Ember app.
Check them out. Amber dot app.
You've got a stack. We've got a stack.
This is a Bitcoin stacking app by actual bitcoiners low fees.
Fair, spread smart automation. The link is down below ammo.
Smart Way, steps. I apologize.
I don't know who tagged Us in this.
We actually talked about this. We did either in the news or
you. You did a great job and it was
during the fail. Yeah.
Was during the fail, I was gonna say because I, you know, me like
my memory shot. So I have no idea when we talked
about this, but I know we talked about it and it's really scary
stuff. We talked about it, a like, at
least a month ago and here we are again.
This is so this is a tick tock video essentially about what we
were discussing which is credit card companies.
All of a Didn't quote unquote, starting to monitor.
Carbon footprint based on expenditure?
This is psychotic. Anyways.
All right, let's dive into the Tweet here, the insanity
continues. Okay, the Tweet is by rise at
rise Melbourne, the insanity continues a new credit card
company that once you reach a carbon footprint limit, you can
no longer purchase items voluntary for now.
But how long until it's mandatory?
Welcome to 1984? Let's take a look at the tick.
Tock video. MasterCard and the United
Nations are joining forces to monitor the carbon effect of
your credit card purchases. And then you'll hit your carbon
Max and it will stop working. Hey, of course, it's voluntary
for now, new credit card, a called do Kana me in on the back
of the card it's going to say. I am taking responsibility for
every transaction. I make to help protect the
planet. This is a social credit score
and it's a proof-of-concept the economy, CO2 credit card
website. Claims it is the largest
Initiative ever taken by a bank in educating its users on the
impact of consumption. They say themselves, they want
to set a global standard for carbon calculations.
That's the key. Once they have their numbers in
place, then they can give every single purchase.
You make a score and punish you directly.
This is what China does. Of course, this will only be
enforced on you and me and any businesses that don't go along
with their scheme and banks are going to enforce it man.
Okay, before we move on to the next one, he's that even a
conspiracy theorist, dude. Glenn's that, and we covered
that I sent you that video. Glenn Beck did an amazing job.
Thank you, talking about the ESG, right?
The ESG, the ESG is the social credit system and sense for
environmentally social governance, right?
And essentially what they want to do is they want to give a
carbon score to anything public companies has recently announced
by the by an Administration, right?
And that will essentially regulate how you spend For
example, you want to drive down to the store?
There's that those costs you carbon points, right?
You want to buy a certain good? Those coffee cart employed, but
here's the thing. And this is what I want you guys
to kind of conceptualize because I'm going to talk about this
during the news. If you control how someone uses
energy, you control people. It's like if you control food,
you could show people. If you control money, you could
show people. I don't think that these people
that virtue signal virtue signal drive and, you know, flying
their private jets all over the world, right?
Have the planets best interest at heart.
I don't think so. I don't think that and to be
clear right like dude I live, I live on, you know, I live in
Miami the beach, right? There's, it's totally polluted,
I just don't believe that giving bureaucrats unelected
bureaucrats more power, is a solution to pollution and, you
know, the planet being effed up, right?
So, it's very scary, it's very totalitarian.
And again, this is what I've always said.
During the show, you're going to have a choice in the future
Central Bank, digital currencies, which are going to
allow this. Right.
It's like oh hey Phil. We see that you've been
consuming too much bacon and pigs fart.
So - 200 you can't buy plane tickets or you have Bitcoin
where you don't have to ask anybody prefer permission to
transact, right? So it's a very very scary stuff
and you guys need to take this seriously because this is coming
whether you like it or not. Anyways, Phil when we first
covered this, we did not have this information about those
little pieces about the that MasterCard had added about the
driving and the emissions and stuff like that.
And every time you fill up on gas, right?
Because that's the one of the first places that they're going
to attack, right? That's the first.
That's one of the first places. So this is interesting.
It's developing right when we first covered this and we first
saw that, it was like a total concept.
Hey, let's throw this idea out there.
Now, they're starting to add the details, right?
And as we all know the saying, goes, the devil is in the
details. And here we go, this is where
all these little Checks and balances come in learning gush
of you have anything before we move on in the next fail?
Well, I mean, this is, this is, this is totally expected.
The, the solution for all crisis, is more obedience and
the carbon crisis is the greatest crisis of the mall
because they've essentially demonized everything, you know,
you breathe too much, you know, carbon-carbon crisis everything
is carbon crisis. And I think that, Yeah.
It's like they have, they have the money in the bag, from their
perspective. They're just wanted, they're
going to turn nature into their own stock market.
That's their objective. I think, with all of this
narrative, right? I think just like the best thing
we can do is just focus on securing our own energy sources
and our own food sources and our own Sovereign money.
Which, you know what that is? Yep, absolutely filled with the
next film. All right, let's dive into it.
This fails just going to lead us right into the final part of the
The fail. So this is a tweet by conquered
the nameks, interesting word. Anyways, Andreessen Horowitz is
the New Black Rock. But instead of being the chief
muncher on assets with a sliver of a linked to economic
productivity, that's the signal right there, it's establishing a
monopoly on the issuance of illegal Securities, right, and
that's what we always talked about here with these shit
coins. Okay, there is absolutely Lee.
No, work going into this. These things are minted out of
nothing. The energy is going into the
marketing and the administration services.
This is, this is no different than shell companies, that that
don't actually produce any value.
And for the people who don't know, Andreessen Horowitz is
also a 16z and people can go take a look at all the shit coin
projects that they've that they've funded since the
beginning. Anyways, moving on, moving on,
from this eye. I wanted to point this out, the
reason why I pointed this out really was because more accounts
are waking up to this, right? More and more people are
starting to notice that the shit coiners are very concentrated.
And these are efforts that are being done by very few VCS and
what they're doing is that they're pushing resources to
very specific places. And you'll notice specifically,
they are not pushing resources to bitcoin, they're pushing
resources to the shit coins because They can control those.
Yeah that's why. Anyways absolutely this was
shared by hands hands films in our in our Twitter he always he
always gives us a lot of these shit coin fails.
Let's dive into it. Terrarium which I always thought
was a little glass or plastic box with vegetation in it.
Apparently it's also a shit coin.
Anyways terrarium, crypto proves defy scamming isn't dead with a
parent fake by Nancy. Male, this is really nasty.
Okay. Terrarium is a crypto exchange
play. The token, whose price is only a
fraction of a cent became a Haven for gains as it quickly
climbed the ladder in terms of market capitalization.
Again, something that doesn't need to exist.
That just all of a sudden starts to pump much of the success
comes from an increasing presence.
On Twitter, Tara holders have been using Twitter, these users
take opportunities to pump the token on the platform by
promoting it. And of course guys, we see this
all the The time will go and post a, you know, we'll go and
post an episode for simply Bitcoin and within two or three
comments, we have some shit koiner posting some crap about
some day. Oh, that's coming out or
whatever. Anyways, things seem to be
coming to an immediate halt as evidence, that Tara holders got
scammed begins to pile up earlier today, terrarium.
Developers shared a screenshot of an email exchange with what
looks to be the by Nance B&B USD us team.
The email shows the finance team.
A token listed on its platform. This brought an immediate 37
percent, gain to the Token. This is how this works that this
is just a pump and dump things took a turn though.
When Mass when masses of tokens were immediately sold following
the pump, there we go, one user shortly.
After the ongoing price plummet, brought the screenshot to the
attention of several, by Nance accounts.
The user asked these accounts to verify the legitimacy of the
email address, unfortunately for the investors One account can
Confirm that the email is not authentic.
These people got fished speculation that developers and
other insiders are behind the apparent.
Fake email exchange coordinating a pump and dump scam.
Oh my God. No way.
We've never shown that before. If that is true, one user brings
forth evidence of large sell-offs by presale wallets to
supplement the allegations in response to the terrarium team.
Encouraged investors to hold the line.
I can't tell you how many shit coin projects how many should
coin devs as their stuff is completely.
Dying In Flames. Tell you to hold those bags.
Yep, hold those bags, guys. Anyways, the project is now
between a rock and a hard place who would have thought the
developers received this email in, believed it to be legitimate
then they were really scammed out of 180,000 tether that the
allegedly fake by Nancy mail says it received from terrarium
if the email was somehow legitimate than the developers
fumbled, a listing with the largest Exchange in the world.
And if terrarium is behind The emails faking the listing to
conduct a pump and dump scam. Then they have been caught.
Yes. Yes, they have now.
Look. Let's be honest, there's no use
for this token to exist. I mean, another exchange token.
Do they even have an exchange? Literally, it's a token that
plans to provide exchange services and and the token pumps
because it was chilled. I mean, this is also.
Oh yeah. You also trade cryptocurrencies.
Do I know your trades going to be followed by.
Hello. Yeah, that's it.
Was the other one. No.
How's your trade going? Yeah.
How was your trade going going? Yeah man.
Hey, Give it give it, give them credit, where credit is due this
shit corners and their names, bro.
Today we have our area. Mmm.
Anyways. Yeah it's awful clusterfuck.
Anyways, Moses. You have any thoughts before we
move on to the next segment? No, that's about it.
Yeah, there's a it summarizes itself.
This is true, but anyways, feel it's time for the daily meme
review, brought to you, by Citadel 21.
It's the best Bitcoin cultural scene.
It's stories articles Comics, by actual bitcoiners, This is the
new artwork for volume 10, every volume has different artwork by
Bitcoin or of course, and they're scarce.
There's only 1000 physical copies made per volume.
Get your print of Citadel 21 today before they run out.
Alright, everybody, first meme is brought to, it's a response.
Oh, Jesus. Okay, let's read this.
This is. Come on, dude.
I'm gonna have to beat that out. Okay, you guys read this, if
you're watching this on the podcast it says two words as
Bitcoin. Is to fiat currency.
Mutual, consent matters. I think when you guys here
Mutual consent, you'll understand.
If you're watching the video version, you know, talking about
Sir, Robert Breedlove, tweet, terrible, take then you could
Chad's like so yeah. So what the actual F?
And this is the mean we're reviewing and I need to make
more ape analogies, no one and it's a cat reading a newspaper.
This is Oh, man. Okay, weird view them even the
tough ones. Is it?
It's I just, I don't know what, I don't know what that person
was thinking. Yeah, I know, Robert has some
good takes. But anyways, yes, about takes to
but that was one of the bad ones.
Okay? Anybody because I seen y'all
other responses, but I didn't actually see the original post
until now that's worse than I thought.
It's so bad, dude, it's so bad anyways.
Okay, we know we love you Peter Schiff.
I'm like doubled thinking. I was like, that's a really know
me to the first time I read, I'm like what?
Anyways, this is the Dead Sea, the saltiest place on Earth, s
own attempt heater, ship rally actually has fire memes.
Shout out to you. You guys have some fire memes.
Thanks for tagging us. All right, moving on to the next
one so you gotta tag them in the promo tweet tomorrow.
Yeah I will I will they don't lie tied to that one day they go
out of the way. Okay anyways here's Karl
menninger well it's very nice digital Salman my parents at 30.
I love these For the occasion of our first child being bored.
We bought we bought this house. That's big enough for many
family members including potential future kids that will
surely grow up to be happy and successful me at 30, not nice.
Now, I own a digital salad. Hilarious.
Okay. Next one.
Read it. When your friends are showing
off their crypto portfolio, nobody has Bitcoin.
That's hilarious. I love the Reddit memes.
Phil keep bringing these reasons why.
It's almost cute, right? I picked this one because when I
saw this, I like two in the morning.
I literally fell out of my bed laughing because it's fucking,
it was hilarious. Okay.
Shit. Coin marketing and one picture.
It's so good. Like what is this?
Oh man. Whatever.
Okay anyways, okay, so you scared haha.
That is good. Okay, it was.
Next one is brought by self bank, I see seed oils and price
fuckery, that's kind of insiders, but absolutely
hilarious feel for those awesome dank dank memes.
I'm going to give it. You're gonna be proud of me for
this one bro, some solder. Wow.
Yeah yeah, you see that? I'm becoming Phil Ha ha ha.
Okay. Well, hold on because Phil's
Phil's Unbecoming himself here. I've got hold on I've got Got
almost nothing. Give me a quick second.
All right, all right. Here we go.
I'm ready. All right, those were awesome
memes. And for those awesome memes.
I'm giving it this ripping dipstick.
Er, Rip and dip. I keep every sticker.
I don't know why he doesn't use them but I don't use them.
I keep the mint and mint. Anyways, most I don't have
mental problems. If you give those memes, you
know, like when it's springtime and the Sun comes out,
everything gets warm and snow. Starts to melt.
I live in Miami. We don't have seasons.
It's hot and less hot. Well, up here, we have like
spraying it comes around and everything gets hot, all the
snow starts to melt. You go outside your T-shirt,
everything's really exciting. And you go to sleep, and you
wake up the next day, and there's two feet of snow, and
it's negative 20. That's what that's what I give
it. You have to come up with a
snowstorm meme for him or a snowstorm picture surprise.
Yeah, surprise spring snowstorm. That's what now this.
Whoa, whoa, okay, surprise spring.
Snowstorm, I like that. I'm gonna look that.
Up. Anyways, guys, we want to know
if you agree with our scores, you disagree, let us know down
in the comment section, comment. Comment, comment, comment.
And of course, make sure to subscribe to us an alternative
video platforms like Rumble.com and a personal favorite Bitcoin
tv.com. They don't censor their because
Bitcoin TV and of course, join our telegram group and link us
some dank dank dank Bitcoin memes to review because the
Bitcoin mean review. And we need memes to review
because the Bitcoin me review. But anyways, Phil it's time for
the Daily News brought to you by Krypto Oh cloaks.com.
They make the best 3D printed Bitcoin merch.
Like the famous 3D printed art sculpture.
Grenade opens up. You put your favorite Hardware
wallet in there and you could also get this in any custom
color, your heart desires. If you want to make the be
orange, you could do that. This just happens to be in El
Salvador colors, and, of course, you can take advantage of the
link down below for 5% off anything on the crypto
cloaks.com store. So let's cover this before we
get to the more climate Fudd, its and it's getting serious, by
the way. It's not just Yeah, the
propaganda media releasing articles.
Now, it looks like Regulators or politicians or stepping in
things are heating up, right? And connect this with what what
we were covering earlier on the show, right?
They're using, we believe this, right?
I don't think I don't see how this comes from good intention,
the whole climate stuff. I think it comes from a place of
trying to control people, but anyways this is Rob beat and
robbed W and essentially what he's talking about is we covered
the HubSpot, right? You know, the leaks.
The, the data leaks, from a third party in relation to
Unchained and relations to block find relation to Swan and a
bunch of other companies. This is some advice on how you
could protect yourself or what, exactly really happened, right?
So first, she says, as a super user of HubSpot, for over seven
years, here's a brief thread on the recent data breach.
And what you could do to protect from the incoming, spam and
phishing, you will be subject to.
I have a call with their security team later this week to
get technicals and next steps. But here is what is known.
Now, HubSpot has a All of access called super admin on both the
internal and external side. Someone internal to HubSpot with
super admin access had their account compromise.
I'm guessing spearfishing or a shitty password.
Super admin access internally allow someone to hop between
Company accounts and Export contact list.
The unauthorized user started exporting contacts list of
Bitcoin and crypto companies. This is why we see 30 companies
with compromised data sheets what this means true.
This isn't financial data, but is extremely powerful CR.
I am software. This means that unauthorized
users may not only have your general contact information, but
also this next part is not so good.
Your IP address, your email history with reps at the
associated companies, your browsing behavior on Associated
company, website, mailing, and or shipping address.
That is bad. Anyways, how the company?
How the company characterized you big whale whale midsize
contact, small user. You're fine man to your
financial value. To that company, any and all
deals. You have done with that company
and Associated values. Negotiates contracts, that is
absolutely crazy CRM. Mitigation, mitigation software
is also very good nowadays unauthorized user can easily
take the downloaded data base and poured it into a different
CRM and start targeting customers.
What could you do about this be hyper aware for social
engineering attack, spearfishing, Etc, be, 100%
certain, you're engaging with a real company whip.
These unauthorized users potentially have enough
information to reference your actual browsing behaviors and
prior company conversations of deals.
Just because someone refers to your prior conversations does
not mean they are the real thing.
Take the time to enhance your personal security stack, get a
password manager and only use strong passwords, stay safe out
there bitcoiners, so I don't know.
How much of the mailing history is true?
But it's always good to stay on the side of caution, right?
Anyways, what do you guys think? I'm just feeling terrible the
whole time. You're reading through that I'm
like thinking to myself I'm like okay which of the companies that
were compromised have my information and then you know
you start that you start to think back and then I just
became happy. Like I said, while you were
reading that I'm happy, that I'm moving.
So at least I least I get a fresh start but not everybody
can move every time the data gets compromised, you know.
So it's not that easy to look, this is really scary stuff but
at the same time, I'm gonna The other side of this and I'm going
to say this is going to prompt new Solutions, it's going to
prompt better Solutions. We hope and yeah, you know, I
never really realized the, you know, the strength of a password
manager until I really started using one, and not only that,
but having a password generator, your own password generator, I
can't, I can't sing those Praises enough Warden, they're
not a sponsor, but I'm just saying I use bit warden in Iraq.
I do die. I can't, I can't, you know,
function without a password manager and they're so easy to
use like it. Like, at this point, like
they've become so easy to use that.
It's like you don't have an excuse, really.
But anyways, Moses. What are your thoughts on this?
It is a terrible leak. Yeah.
In regards to bit weird and it
works pretty good. You can set of hosts and
everything to it's the exact Solution.
That's what I do. By the way, it's yeah it's nice
for like you just want to think about it so much.
All right. Keep track of all those
passwords and stuff but yeah I think people have taken the the
last decade for For just ease of access, you know, offer got my
Facebook, password, reset it and just everything.
You know what I mean. People not really taking it
seriously and now the data has become so valuable and such a
like a real threat to someone. If your dad is leaked, you know,
they're just not realizing the scope of things.
It's money dude, it's money right before it was like, oh
Facebook, you know, like the stakes weren't that high.
But anyways moving on. Look, I told you I mean, we've
been telling you not only to Today right?
That they're going to use the climate.
They have been using the climate to attack Bitcoin.
This was a New York Times Tech tweet.
Absolutely hilarious. Shout out to Cory because he
reported the Tweet. So funny.
He says a single Bitcoin transaction that requires more
than 2,000 kilowatt hours of electricity or enough energy to
power. The average American household
for 73 days. Reach this looks like a troll
tweet like a Bitcoin or would have posted.
This was a troll. This has been debunked so many
times. We're going We're going to
debunk it in a bit. Right before we do.
I'm going to move it right here. I'm going to read it one more
time before I want to actually look at the article, so the
article isn't as bad, it's better ridden.
It actually explains all sides, but still, they're trying to
shaft shape a narrative without a doubt, and that narrative is
actually starting to have some effects because what you're
seeing already, right? This is you saw this in Europe
already, you saw this in Europe, they're trying to ban proof of
work. This is an actual attack on
bitcoin. This is the New York State
Assembly. Is considering a vote a bill
that would create amendment of member torij.
Mm on proof-of-work, mining operations, unless a hundred
percent of their energy comes from renewable energy sources.
That is it possible? They know that if this bill
becomes law, New York will be forfeiting, the unique
opportunities, Bitcoin mining provides for economic expansion
and the proliferation of renewable energy, But before I
read this Times article, check this out, fill because at one of
the comments from the time article really is, it's such a
pure rebuttal to that that I'm just going to read it.
It's by Ray from Ohio. And he says, one thing that
baffles me about, all these articles I have read about
crypto is that no Journal is bothered to do the research and
do an actual compare herbs for comparison of crypto energy, use
to the energy use of traditional Banks.
This is what I want to know. Instead, they compare crypto to
other. Random things and that is and
raise absolutely right there doing that on purpose and
they're doing it to create a narrative, right?
Anyways let's let's check out the The Narrative that they're
trying to craft in this article but to be more specific and to
be fair. It's much better written than
the other proper propaganda pieces.
We've covered in the past because it does a very it does a
pretty decent job at explaining what this is, how it works.
Etc. Etc.
But they do pull in some punches here and there anyways.
He's facing criticism from politicians environmentalist.
The cryptocurrency mining industry has embarked on a
rebranding effort to challenge, the prevailing view that it's
electricity guzzling, computers are harmful to the climate all
five of the largest publicly traded.
Crypto. Companies, say they are building
or already operating plants, powered by renewable energy and
Industry. Executives have started arguing
that the demand from crypto miners will create opportunities
for wind and solar companies to open facilities of their own.
That's correct, right? So this is what I said, the
Articles a little bit more fair than what we've seen in the
past, the effort. Partly a public relations
exercise partly a genuine attempt to make the industry.
More sustainable has intensified since last spring, when China
began a Crackdown on crypto mining forcing, some mining
operations to relocate to the United States, a trade group
called the Bitcoin mining console also formed last year,
partly to tackle climate issues after Elon Musk criticized, the
industry for using fossil fuels, and recent months, Texas has
become a hot spot for crypto. Mining attracting more than two
dozen companies, the state has an unusual into incentive
structure. That's well suited to the
nascent industry. The Texas grid operators offers
what amounts to a discount to companies that can quickly.
Unplug when electricity demand spikes Statewide allowing energy
to flow. So ordinary homeowners many
crypto Minds could turn off on or off in seconds.
Allowing them to take advantage of the incentive with minimal
convenience so inconvenient. So this isn't a theory anymore,
this was proven and one of Texas latest storms and that's exactly
what they did. Anyways that deal was part of
the attraction for are going. Didn't base company founded in
2017 that runs two other minor mines in Quebec using mostly
hydropower. Mr. Woll said Argo was also
drawn to the ample green energy in West Texas.
The facility outside low Brooke will be connected to the Western
sector of the Texas energy grid, where about 85 percent of
electricity comes from wind and solar infrastructure.
I don't know what could be more green than that?
I don't understand. Right.
And then this makes me come to the conclusion that they're not
really in it for green, they're more in it for the control and
And again, like and this is so the beginning of the article,
it's interesting because they don't really attack it, but at
the end you start to see how they're trying to craft your
perspective, your narrative, The Narrative that they're trying to
craft. But anyway, says but Mr. Wall
can't guarantee that our goes new center, will have no carbon
footprint and this goes back to race.
Comment. Do we force Banks to tell us if
their energy that they're consuming is green or not?
It's a double standard. It's a double standard.
Anyways, a lot of these Energy producers are still a little
bit, skeptical of cryptocurrency.
He said the crypto miners don't have the credit profiles to sign
10 or 15 years eels. You see how they're ramping up?
The attacks is slowly but surely the broader cryptocurrency
Community is divided over. Whether cleaning up the mining
sector is the best path to environmental sustainability.
The energy-intensive authentication system that
underlies Bitcoin is known as proof of work.
Some in the industry are pushing to build new cryptocurrencies,
on a different system, called proof of stake, which uses as
little. And again, as As little as zero
point zero, one percent of the energy consumption in the mining
process, see where I'm going with this.
And, like, it's like, it's like it's starts, you know, it mess,
massage you, it's okay. And then it's like, oh, but
there's a better system, right? So, again, the narrative is
right, that consuming energy is bad.
It's always terrible, but the actual Banks right are not
expected to follow that themselves, right?
It's only Bitcoin. Bitcoin is held.
A higher standard. It's ridiculous.
Anyways, this is Peter Joseph, right?
He's criticizing you know Bitcoin.
He says, even if all Bitcoin mining was based off of
renewable energy, which it never will be, it's still an
outrageous waste of resources for what is ultimately an
idiotic goal markets are the true cancer.
Money is just the way it metastasizes.
So I'm going to read this last part.
That says it's still an outrageous waste of resources
for what is ultimately an idiotic goal.
And then I'm going to scroll to this article that says oh sorry
about that. I'm going to scroll to this one
that says Ukrainian Refugee flees to Poland with two
thousand dollars in Bitcoin on a USB drive, nearly a quarter of
Ukraine's population has been forced from their homes in the
last four years. Many the last four weeks many
have turned to cryptocurrency to safeguard their cash.
Bring their money with them except remittances and donations
and to transact with each other for Necessities a Ukrainian
Refugee. Took a USB stick with him across
the border. Containing 40 percent of his
life savings or about two thousand dollars in Bitcoin.
I'm going to go back to this tweet that says it's still an
outrageous waste of resources for what is ultimately an
idiotic goal. So Peter that is what you're
against. Yeah.
Bombs and fighter planes are really good for the environment.
Actually it again like it's like picking and choosing.
What is good? What is it bad?
And again this leads me to To believe that this is nefarious.
They're really not about, it's not about the environment.
I really believe this is about control and the environment is a
tool to control anyways and again to specify dude I live in
Miami you know there's beach the beach the beach.
The beach is filthy like I want to clean your planet, I care
about the environment. I just don't believe giving
bureaucrat unelected bureaucrats more power, is the solution.
Anyways, this is a an article by coin basis.
The Straining maddening and all-consuming Bitcoin energy
debate and this is Nick Carter. And he debunks, literally that
tweet that I read you earlier, that Corey was so kind to, to
talk about a single Bitcoin transaction now.
Requires more than 2,000 kilowatt hours of electricity or
enough energy to power. The average American household
for 73 days. So Nick debunks at and he says
sometimes however an argument comes along that is so clearly
built on mistaken assumptions that it's worth strength from
the normative debate and back into the world of facts and deed
arguments of this. Form have been have become
disturbingly, common Bitcoin consumes a lot of energy,
Bitcoin, settles 300,000 transactions per day.
If you combine 1 and 2, you can drive an eye-popping energy cost
per transaction. If you literally extrapolate
that analysis such that Bitcoin satisfies the world transactions
Bitcoin will use more energy than exist on Earth.
This line of reasoning might sound persuasive to the
uninitiated but it is in fact, completely flawed and an
impressive number of ways yet. We see it all the time and this
article is written 20, 21, and that new Times three was
yesterday or the day before so they're still using it.
Anyways today's Bitcoin miners earn about 50 million dollars a
day which analyzes this to around 18 point two billion
dollars in minor Revenue. Fully 85% of that running a
derives not from per transaction fees but from the issuance of
new Bitcoins this issuance process is finite.
In fact it's eighty eight point seven percent done the rate of
new coins issuance halves every four years as approaches that 21
million limit. So the issuance component of
minor new is structurally decaying over time.
Unless you believe that the price of Bitcoin is going to
literally double in real terms every four years until 2140 that
expenditure is going to decline. But why burn electricity to
issue coins, put yourself in Satoshi shoes.
You have to you've just invented a new monetary system which you
believe can become a global monetary standard of
consequence. How do you distribute coins?
You could email them to your friends but that would create a
tiny group of privileged Elites and compromise.
The credibility of the System. You could simply claim the coins
yourself, but most likely. No one will adopt a monetary
system where a single individual controls, a vast majority of the
wealth Satoshi solution was to distribute the coins, but
creating a game in which minor surrender, something valuable
energy and exchange for the right to claim them.
Because mining is a radically free market mining.
Minor margins are usually slim. This means that even though
there are literally creating new units of money that status
doesn't give them a huge Advantage.
Miners have to sell their coins on an ongoing basis to cover
their costs. They are just an interference
interference to the protocol itself.
There's a reason Venture funds like mine, like, mine typically,
don't invest in miners. It's a tough thin margin
business and involves lots of capital expenditure so, it's
ridiculous. Again, I'm worried because the
climate attacks are going to keep on escalating.
We dodged literally by a fingernail, the ban from Europe,
and it was only because it was discovered, right?
And then, you know, people formed enough of a Ruckus but
And here they are. They're trying and make no
mistake. This is a collaborative effort.
It can't be that. Politicians in Europe and
politicians in the United States and specific in New York state
are doing the same thing and you had the cleaning up
cryptocurrency meeting in front of Congress.
And again what happened, they were advocating for proof of
stake and why they advocating for proof of stake because they
can control it and proof of work.
They cannot proof of work is what makes a cryptocurrency?
Uncorruptable. Proof is data's not anyways.
Phil that's right. And he does a fantastic job of
explaining explaining how excellent the qualities of
Bitcoin are the censorship resistance.
The fact that the miners just because they can create money,
it doesn't give them this major advantage over Society.
Anyways, very well written that was amazing.
I just want to go back to say to a few of the articles that you
were talking about you don't have to My poor, anything New
York is making itself irrelevant I don't know what their I don't
know. I mean I guess I can say I know
what their goal is that they're just being poorly run and
they're being poorly informed or they're just following their
incentives which don't align with Bitcoin.
I think they're just being nefarious routes to be honest
with you. Yeah yeah exactly.
Right. Like we could speculate on all
the different reasons but at the end of the day regardless of
what those reasons are there making themselves irrelevant by
doing this. They're taking themselves out of
this economic picture, which they are going to regret, have
fun staying Poor, that's New York too bad.
The second point that that article that explains about how
you know that the the miners have become more mindful about
renewable energy and whatnot after Elon.
Brought it up, I just hate that we have to name drop.
These people that are completely irrelevant to bitcoin.
And, you know what, they, you know, everybody gives this guy
everybody sits there and throws flowers at this guy and pretends
like, he's so wonderful. Does anybody realize what goes
into Cobalt mining? Does anybody realize how many
people died? How many people get poisoned?
By Cobalt mining doesn't matter. Gold by just psychotic gold
mining and Bank. Energy usage is irrelevant.
It's Bitcoin energy usage that is well you know so that makes
me that makes me believe that it's really not about the energy
usage is about something that they is out of their control and
what they can control is hey you can't use that energy for that.
Didn't think so and he has your dollar use energy.
No I mean no no worldly. The guy over Unity machine the
Petro dollar. It just helps everyone.
It just helps. Everyone do everything except
its enemies. Those people are excluded Hey,
where's ours? One last point before we go to
Moses? One last Point.
That's right. I actually wrote them down.
So my memory is not all screwed. I'm not so surprised.
I was like, Wow, Phil. Yeah, it's likely that three
points in a row. Okay, my last point was Peter
from Zeitgeist. So look, I you know, I saw that
movie when I was in my early 20s, the the first Zeitgeist
film, I am incredibly shocked. That someone like him does not
get Bitcoin after producing a movie like that.
That's Typically talks about how symbols are misrepresented
misused misunderstood. Okay?
This is very interesting that he doesn't get Bitcoin.
Anyways. I don't know what the incentives
are. I don't know what the
motivations are. I'm just saying, I'm kind of
disappointed that he doesn't get it.
Anyways, burning gosh, mmm. Yes.
Humans, too much institutional trust, that's the problem.
That's why people don't get Bitcoin.
They don't even do the time. Like so many people on Twitter,
like I posted random stuff all the time.
I'll just drop Bitcoin and people will come in and be like
Bitcoin Eustis that I'd be like, dude, you clearly haven't done
any research, you don't know what you're talking about, you
have no opinion. You can't have an opinion.
You don't, you don't you don't understand what you're
criticizing and inevitably, it's like a comment stream, comment
stream and they'll usually just like end up like just Sing it
and I've had few people message me back like weeks later and be
like, yo, I actually did some research and I feel like, yeah,
you might have had a couple points because it's literally
just think they don't understand it and they've just dismissed
it. It's like totally surface level
like, oh, Bitcoin bad for the environment and they don't go
any further than that, it just stops there.
Yep. And it dude in honestly, I blame
a lot of that on the media, dude.
It's like their propaganda because that's what it is right.
Clearly that article from Nick Carter.
Is literally a year old and the New York Times is still using
the same narrative, but it's funny.
You see how they pivoted a little bit.
Phil you see all of that text before they get to the jugular
at the end? And then they start, then that's
when they form the narrative at least before it was the entire
article. Now it was like okay we know
what we're talking about. Let me explain it, let me see
like we're knowledgeable about this but still proof of stake,
you know, it might be a suggestion and then they happen
to get a guy that says hey You know, this it will never be 100%
green. Like it's like they're picking
and choosing what, you know, quotes fit the narrative.
What quotes create the narrative, help them create a
narrative and it's just, it's just bullshit.
It's, it's insincere, we are just a Bitcoin.
Sorry. Oh no, sorry, dude.
You have they pretend to be experts and then they come
through as like a with an appeal to Authority like Elon Musk or
something. They like go see.
Baba, baba by name, drop proof of stake.
Yep, exactly. Do they look, just just look.
The picture you see the horse is, you do care about the
environment, look at these horses.
And look, the wind little baby horse, the windmills, you know,
and the horrors I see the windmills after the tornado.
You see that that picture going? Yeah, yeah, yeah, I saw that.
I saw that looks like the War of the Worlds.
You know. Like those three legged.
We understand Bitcoin now by our shit coin.
That's, that's that's totally their theme.
That's that's what they did. Yep.
Absolutely, absolutely. But anyways, feel there was an
open source software released today.
When he's everybody about it. Alright guys, sorry, I had to
interrupt this. So this just drop while we were
recording. It Bitcoin, mining band, makes
it out of New York State Assembly committee.
It would place a two-year mandatory on Bitcoin mining,
which we talked about it. Still requires passage by the
New York State Assembly and Senate, but looks like it's
moving forward. So that's Release the beast, New
York. Anyways.
Phil what software release software releases brought to you
by Cipher safe. Check them out.
Cipher safe dot IO. Let's be honest.
Everyone has to store their seed.
It's one of the biggest concerns that we have.
So why not store your seed in the best place possible?
The Cipher wheel or the all new Cipher grid?
They both come with tamper-resistant wire and the
grid comes with a punch tool. We've got Sparrow wallet
version, 1.6.2, Ooh, that was released its Down Below in the
show notes, don't forget to check us out.
On our Audio, Only platforms, Apple podcast, Spotify and
anchor. If you want to stream us them
SATs. Check us out on Fountain dot f
m--. Awesome.
Thank you feel. Alright guys, that was our show
before we go. I want to give a very special
shout-out to our awesome hoodie sponsor thread sponsor rep.
Hard.com represent LTD.com, and you can take advantage of the
link down below for 10% off anything off to store, rep hard.
Dot-com and also want to give a very special shout-out to her.
Awesome guests. You can give him a follow on
Twitter at earning guiche. Mm, you just take out the be and
burning bush him and that's his name.
Definitely go get my follow, he's a fellow pleb and he he, he
hosts the b, b innate Watson SATs radio, definitely go check
him out, definitely go check them out.
Anyways guys, that was a show. If you enjoyed the show, you
know what to do? You smash that like button.
Of course, you're going to continue here in the Bitcoin,
use from the plate perspective, definitely consider.
Subscribing to Simply Bitcoin. Will see you tomorrow guys, for
a brand new episode. You can't just reboot the
Bitcoin Network. This is by Design.