It's all going to zero against Bitcoin.
It's going up forever. You're against Bitcoin.
You're against freedom. Yo, welcome to another episode
of Simply Bitcoin Live. We're your number one source for
the peaceful Bitcoin revolution of code breaking news culture,
matic Warfare. We will be your guide through
the separation of money and state.
Speaking of the separation of money and state, today is one of
those episodes. Yeah, that's right, we put it in
the title. We saw this with the the Flack
in in the in the chat. Opti, if you could pull it up,
if you could be so kind. We are going to make the case.
That if we as bitcoiners, as Corey wrote in his his very,
very famous piece, The Race to Avoid the War, if we don't win
the adoption race, there is going to be an inevitable clash
between governments, Fiat currencies and Bitcoin, right?
And the reason is simple. To use Christine Lagarde's own
words, whose video we're going to play for you guys today.
Bitcoin is an escape valve, an escape valve from government
currencies, an escape valve from inflation.
And they need you using government currencies.
So if we don't win this adoption race, if we don't wake enough
people the F up, yes, of course they're going to try to ban it.
Look at what happened in the UK we we covered this.
I think it was either the yesterday or the day before.
They're January. I'm not making this January 6th.
Literally that day UK citizens will be required to pass a test
before they could purchase crypto and Bitcoin.
Now you could say OK, it's because of all the crypto scams
and all that, blah blah blah blah.
But forgive me after everything that's happened after the last
three years if I'm a little bit skeptical.
If that is their actual motivations behind passing that
type of legislation, So yeah. And you know what which is?
I reference this book all the time, highly recommend you read
it if you're a bitcoiner. This is all something the book
The Sovereign Individual predicted back in the 90s.
And the case that they were making was essentially the rise
of information technologies would fundamentally change the
relationship between the individual and the state.
Because the Internet would empower individuals, not only
giving them the ability to source alternative forms of
media of information, right? Look, look at How did you guys
know that the New York Times got their blue check or their
verification badge removed? Because apparently they were
peddling some type of BS or something like that.
But the reason I brought that up is it's a great example of how
media has been democratized because of the Internet, right?
So anybody, if you're at home, if you're in your garage,
doesn't matter. You can buy a camera, you could
buy a microphone, and if you're good at what you do and if you
provide value to your viewer. You'll start to build up of
audience over time, of course, if you put in the proof of work,
right? And you know the legacy
institutions have to compete with all these millions of
individuals all around the world that aren't bought by special
interests. So therefore they have the
ability to tell the truth, right?
So and then add to that mix, right?
Just sprinkle it in there. How the Internet has enabled
people to use Bitcoin. So it's not only the
disintermediation of information, but also the
disintermediation of money. And it's kind of overlapping,
It's happening at the same time and it's causing chaos a little
bit, right? Because all these systems of
control, whether it's the control over information, over
the control on money. Are slowly starting to kind of
shift up. They're slowly starting to shake
up a little bit and you know, it's I think it's causing, you
know a a a lot of chaos for governments that have been used
to having a monopoly on the truth.
Has like Naimbu Kele said in his very famous article, don't drink
the elite kool-aid and also monopoly on the control, the the
issuance of money and also the control of money.
Right. So yeah, it's it's pretty crazy
stuff. So bunker down, fasten up your
seatbelts, take your Bitcoin into self custody.
Not your keys, not your Bitcoin. And it's going to be a crazy
ride anyways. My Co host isn't smiling today,
so that is definitely a mole. Opti is not here.
I'm gonna do the show by myself today.
Just kidding. He's smiling.
Told you lie.
I poked my eardrum last night with a Q-tip and I'm kind of
hurting this morning. Guys, I'm in pain right now.
But anyways, it doesn't matter. The show goes on.
Yeah man. Expecting optimistic.
Opti I guys I'm telling you this West Coast time is really messed
up. It it.
I don't have enough time to to get my coffee to blood ratio
going correctly so that I am just absolutely jacked on
coffee. Yet I can only get enough coffee
going through in the morning over here on the West Coast.
So you know it it it it goes man, all I need is Anika Jones
rant and then my blood starts boiling so like halfway through
the show is when I'm like ready to go.
So forgive me guys. Forgive me.
I I'll be back home next week. I I'm, I'm staying for some
family stuff, so I'll be back to normal, Geeked out Opti on the
show. But yeah man, crazy stuff, crazy
stuff. Shouts out to Chrissy Lagarde.
She's obviously very mad at me. I'm sure you guys saw that
Bitcoin Bugle article that broke the news yesterday that my
messages got leaked with her and she's very mad.
So you can tell why she's constantly talking about CBD CS
doubling down on CBD CS. I guess my pillow talk didn't
work. Guys, I tried, I I tried.
I tried on both fronts together, to embrace Bitcoin and for
myself to get close to the money printer.
Neither of them worked. So you know I I'm just taking
the L it it's it's OK whatever. Dude, so I remember Speaking of
Opti on coffee, I remember when we did the Bitblock Boom live
stream. It We've never done this before.
It's like the first one. And we go live and Opti takes
the microphone. Like, the first thing you do is
you play the sound for and you're like, we're back.
And I'm like, looking at you. And I'm like, bro, I'm like,
welcome to the Bitlock room live stream, bro.
So that's what happens when opti's not on enough coffee.
I become a coffee addict that. Was to me a highlight that was
that was that was beautiful, that moment to me.
I'll never forget it. Never forget it.
Anyways, everybody, let's jump into the show.
We got a lot to talk about today.
Let's check it out. The Bitcoin numbers.
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Here we go. The price of Bitcoin at the time
of recording is 29,565 SAT's per dollar, 3382 block height,
813,071 blocks to halving 26,929.
Having estimate April 21st, 2024 Total Lightning network capacity
5369 Bitcoin capacity value 158 million U.S. dollars Realized
monetary inflation 1.74% continuing to take Fiat
currencies to absolute school Market Capitalization of Bitcoin
$577 billion of the B Bitcoin versus gold market cap. 4.36%
and the grand scheme of things. Bitcoin is still a baby.
Now one of the things I wanted to point out, I say this every
single day. I'm gonna continue saying it.
Once the Bitcoin market cap reaches the market cap of gold,
that will put it at 500K per coin anyways.
So here's the big news. This is a video that was
released by Opti. I mean, let's be serious for a
SEC. Christine Lagarde, who is the
president of the European Central Bank.
She released this meme. Let's call it what it is,
because this is mematic warfare on the battlegrounds of the
Internet. Narrative Trench warfare, hand
to hand, one meme at a time. And remember, they have the same
capabilities as us. So just like we can post videos
and we can post pictures, they can do that as well, right?
So this is a form of this is like look, you can define it
however which you like. But like, this is no different
than if Opti stood in front of this like weird looking purple
green screen and he just dictated you wore a suit and
dictated you a message, right? So like, it's no different.
Like you could say, Oh no, but this is the president of the
European Central Bank. You know, this is legitimate.
You know the one of the key words in in this tweet is the
euro is key to our European unity.
A digital euro exists alongside cash with future proof, our
currency. It would be safe, easy to use
and free of charge. While the decision whether to
issue a digital euro will be taken later, we're now launching
the preparation phase. Right, which is very similar to
what they did in the United States.
They launched the Fed Now program, which in my opinion is
the first iteration of an American central bank digital
currency. They launched it about a month
after they denied Caitlin Long's federal banking charter
coincidences, right. And again.
To launch ACBDC in the United States, they would need full
approval from Congress. Now, I'm not the only one who's
skeptical. The governor of Florida passed a
law explicitly forbidding central bank digital currencies
in Florida as a preemptive measure, and he's made the claim
He's He said the quiet part out loud.
It's not me, the governor of Florida, state CBD CS.
Are surveillance. They're they're for
surveillance. They're for surveillance and
control. This isn't bitcoiners saying
this. These are real people and real
positions of authority and power that have been elected, right?
So this is. I watched it for the first time
yesterday on Simply Sessions and.
It's a lot more dystopian that you would think.
There's a lot of aggressivity in the way that she says it.
And it's like very 1984 ish, like, you know, And again, it
all comes with the guise of like, look guys, this is, this
is democratic. We're doing this with
legislative authority. You're going to have a choice to
use cash or the CBDC. We're not going to get rid of
cash. But what if you don't want to
use either, right? What if you don't want to use?
A CBDC or cash? What if you just want to use a
better money and that better money is Bitcoin?
What about that, right? Because I don't believe that if
there would be a fair competition between a CBDC and
Bitcoin if you put them side by side.
Let's compare the two things right?
1. Is gonna be censored and
controlled as much as they say. They won't do that.
History has shown they will look at the remember the Canadian
truckers protest and they're gonna wanna debase it and
inflate it right then. Also not to mention the fact
that if you compare that to Bitcoin, it's censorship
resistant and there's a cap supply, so over time.
Where do you think people are going to go to if they had a
choice between the two systems? Where are they going to flow?
And they're going to flow in One Direction, right.
It's just better money. Sounder money.
Right. So but if government like common
sense. But if governments benefit
tremendously from having the power of being able to create
money for free that everyone else has to work for, what do
you think they're going to try to do?
Which is why I named. The video today what I named it
right? Anyways, I'm going to play you
guys the video and then there's an article that I want to show
you guys as well, specifically referring to what Christine
Lagarde called Bitcoin. Anyways, let's check out the
video. The digital euro is on the move.
Yesterday, the Governing Council of the ECB approved the opening
of the preparation phase. It will be a journey and we will
walk the journey together with the legislator.
All European institutions will be involved to make sure that
Europe is equipped with the currency of the future.
Cash is here to stay. You will have all options, cash
and digital cash. So what does it mean for you,
for consumers? It would be free and easy to use
everywhere in the euro area. All of that, of course, is
subject to the legislative process.
Cash or digital, the choice will be yours, you euro.
Your choice. My Bitcoin, my choice.
That's what I got to say. And if I I really want to use
the B word like is, that would have emphasized it.
My, my, my Bitcoin. My choice B.
Anyways, moving on. OK, So what has Christine
Lagarde said in the past about Bitcoin?
This is a very famous video that was was going around.
I actually found the exact exact quote European regulators and
the IMF in tune. Oh.
A coincident like what a coincidence, right?
It's the same IMF that criticized El Salvador, the same
IMF that gave Argentina another bailout.
But part of that bailout came with the condition that they had
to de incentivize the adoption of Bitcoin within the country,
even though the country, you know, is suffering from 100%
inflation. That IMF, So it makes sense
anyways, it goes on to say, according to Lagarde.
Bitcoin represents a risk whose regulation must get applied on a
global scale. Otherwise it could serve as an
escape valve. If you still don't believe me,
here is a video Walker of America shout out.
Check out his his new podcast. I think it's called The Bitcoin
Podcast. And you know, he replied to
Christine Lagarde. Right.
I love how it already got kind of community noted.
That's that's absolutely hilarious.
Wait, the E the EDBP argues that the digital euro faces several
hurdles, such as shaky privacy and anonymity safeguards,
possibly limiting choice, accelerating cash displacement,
allowing spending? Tracking.
The digital euro doesn't offer clear benefits, but has many
risks, so even their own freaking thing got community
noted. Anyways, that's hilarious, OK?
Moving on, here is Walker America responding to Christine
Lagarde. This is why, guys, this is what
I I I emphasize this in the beginning of the show.
This is narrative trench warfare on the battlegrounds of the
Internet. You're winning over the hearts
and minds of people. We must win the race to avoid
the war. We must win the adoption race.
Anyways, all they have is lies and misrepresentations.
All we have to do is shine truth and expose hypocrisy.
That's it anyways. So, Walker said.
For anyone curious about what a CBDC will actually mean for you,
here's the straight truth from the horse's mouths.
You think about the benefits of digital money.
There are huge potential gains. It's not just about digital
forms of physical currency. You can have programmability.
You know units of central bank currency with expiry dates.
You could have, as I argue in my book, a potentially better.
And yeah, some people might see there a darker world where the
government decides that UNICEF central bank money can be used
to purchase some things but not other things that it deems less
desirable, like say ammunition or drugs or pornography or
something of the sort. And that is very powerful in
terms of the use of a CBDC. We are proposing that we would
give a secure. Efficient, inclusive access to
digital payments to all citizens and this way we would protect
their freedom to pay. Now we have in Europe this
threshold above €1000. You cannot pay cash.
If you do, you're on the Gray market.
We want to complement cash. We want to expand the capacity
of European consumers to pay with sovereign money.
That you take your risk, you get caught, you don't find, or you
go in jail. That's right, ladies and
gentlemen, if you spend more than €1000 in Europe, you are
part of the Gray market and you will go to jail.
But at the same time they're literally saying that it's going
to be inclusive and secure. They also mentioned that it's
going to give the this is coming from their mouths, not ours that
it's going to allow. Expiration date.
So inflation is not enough, Ladies and gentlemen, your money
has to expire as well. Not to mention the controls,
right? And of course they always
mention, you know, the drugs, the terrorism, you know, all
that, all that bad stuff, right? The the, the, the stuff that you
can make an argument as to why. OK, you know, maybe that
shouldn't be legal and whatnot. And of course that's a whole
other debate. But that, in my opinion is used
as a straw man because as the Canadian Truckers protest has
shown, they have censored money for political reasons as well.
This has also happened in the United States.
So what bitcoiners have concluded is no one should have
the ability to create money for free that another human being
has, else has to work for. And no human being should have
the right to censor another human being.
And that is in stark contrast to what central bank digital
currencies will allow governments to do.
This is a a, you know, a a a a political commentator.
I think you could call her an activist from the Netherlands.
She's been on Tucker Carlson and she lives in Europe.
So, like, obviously she has a lot more at stake.
She says the digital euro is upon us.
She quoted Lagarde's words. It'll be a journey, quote,
straight to a totalitarian hell in which we will decide what you
may and may not spend your money on.
She left out, and I completely agree.
Now this is predictable. Why is this predictable?
Well, I love the the thought logic that the authors use to
write this book. The sovereign individual, right?
They all kind of centered it around the theory of violence,
right? It's a lot easier to steal
something from someone else than it is to make it right.
And using that theory they base this book and they they base
these predictions. Some of them turned out to be
wrong, but I think they really hit the nail on the head in
terms of predicting the rise of Bitcoin and what the
implications of the rise of a non state money of which
governments cannot shut down therefore they're forced to
compete with. And what the reaction from
governments would be because they would be losing their
privilege of creating and controlling money.
So I think they hit the nail on the head and I've read, we've
read you guys this passage so many times, but I think it's
very applicable here. This new technologies will allow
the holders of wealth to bypass the national monopolies that
have issued and regulated money in the modern period.
Their importance for controlling the world's wealth will be
transcended by mathematical algorithms that have no physical
existence In the new Millennium. Cyber money controlled by
private markets will supersede Fiat money issued by
governments. Only the poor will be victims of
inflation and ensuring collapses into deflation that are
consequences of the artificial leverage which Fiat money
injects into the economy. Lacking their accustomed scope
to tax and inflate, governments, even in traditionally civil
countries, will turn nasty. Businesses that offer services
that facilitate the realization of autonomy by individuals will
be the subject to infiltration, sabotage and disruption.
Arbitrary forfeiture of property, already commonplace in
the United States where it occurs 5000 times a week, will
become even more pervasive. Governments will violate human
rights, censor the free flow of information, sabotage, useful
technologies, and worse. And that, ladies and gentlemen,
is why I said in the title, I believe that Europe will try to
ban Bitcoin if we don't win the race to avoid the war.
I'll read. I'll read you the first passage
from Corey's piece. You can find it on swan.com.
We Bitcoiners are in the race, perhaps the most important race
we'll ever run. We're racing.
It's time to drive the adoption of Bitcoin as fast as we can.
You're racing toward a future in which the US government never
coordinates a concerted attack against Bitcoin and bitcoiners.
This is a race to avoid the war. How do we win this race?
We need an intransigent minority.
We need a percentage of the population that become
bitcoiners, that are hardcore bitcoiners that become
immovable. On that subject, it the example
that I would give to you guys is anytime they try to pass gun
laws in the United States, it's almost impossible.
Why? Because a large percentage of
the American public own guns. So even as much as the
government, it's like, no, I don't like that.
You know, citizens and individuals own guns.
It's very difficult for them to pass a law against it.
Now Europe is a little bit harder because I think their
government is so centralized. But at least in the United
States, you know, there's there's somewhat more
sovereignty with the individual States and how the individual
states could legislate differently.
So even God forbid there's a federal Bitcoin ban, which at
this point, you know, with the adoption of the the the rate of
adoption, I I think it's unlikely, but you never know the
future. I, I, you know, I think that
there's a, there's a high probability that Bitcoin would
go the way of the marijuana industry where even though on a
federal level marijuana is illegal on a state level,
California, Colorado, I think Washington state, Oregon,
numerous other states that I can't name off the top of my
head. It's legal on a state level.
So I think in the US like they're effed, but in places
like Europe, right, where you know where it's much more
centralized government, I mean that could be a lot harder for
sure 100%. So yeah, you know you could say
whatever you want about the title, but I truly believe it
and I I really mean it in the sense that this is a call to
action, right. This is take agency, right,
Orange pill. The people around you get them
to understand that it's not red versus blue, it's green versus
orange. The party of central bank
digital currencies versus the party of Bitcoin, the party of
the party of Bitcoin, the party of peace, prosperity,
opportunity, optimism. So what side do you want to be
on? That's the question that I have
for you guys. So yeah, this is.
And you know, I think Corey hit the nail on the head.
This is the race to avoid the war.
That's that's what I got to say about that.
And my question to you, Opti is like, bro, like what did you do
to this woman, man? Like, God damn, she like, she is
so vengeful. Like, why did you?
Like. I think Opti is solely
responsible for the creation of central bank digital currencies
because of how poorly he treated Augustine, Janet Yellen and
Christy Lagarde. You broke their hearts and look
at where we are, Opti. Look at what you did, man.
Well. You know, as the saying goes,
good intentions are what paved the road to hell or whatever.
You know, I tried, I tried. You know, I did my best, guys.
Nah, we're trolling. We're obviously trolling.
But anyways, back to this video and and then I'll maybe do some
justice to Nico Jones rants. First and foremost, this is the
power of memes guys like. Everything is memes.
It's memes, all the ways, all the way down.
You know, like Christy Lagarde's clean production reading from
the teleprompter. Like it.
It's all memes. And then Nico always says it.
I think best was saying like, they're coming to our
battlefield and we are the ones in control of the truth, of the
narratives, of the mimetic warfare that is going on, the
guerrilla war that is the mimetic land field.
And it's just beautiful to see them try to come.
To our arena, you know try to battle with us in memes and of
course, you know they they are never able to because they don't
have the truth on their side and memes are powerful because they
have the truth. Anyways.
To some of the things that she was saying, you know, cash is
digital. They're obviously here to
maintain control. It seemed like an announcement
of an announcement of a CBDC that I I kind of find that
hilarious to be honest. And remember the article, I
forget which one it is Nico, but.
It it was coming out of the US how they were talking about the
future of digital payments, the future of digital currencies,
and they never mentioned Bitcoin.
And here we are, ECB President Chrissy Lagarde, saying CBD CS
is the currency of the future. Like, no, it's not.
It's going to be Bitcoin. It's it's obvious that it's
going to be Bitcoin if you're following this closely.
Again, they wouldn't be doing this stuff if Bitcoin wasn't
winning so hard. Like they wouldn't have ever
even tried to roll out of CBDC if everyone was OK with the
traditional Fiat. Digital payments that that we
were working with or the Fiat currencies because we all know,
you know, your dollar, the euro, it's all digital already, but
really Bitcoin is going to be the digital cash.
Bitcoin is that digital cash. Bitcoin is that peer-to-peer
digital payment system, as it says in the white paper.
And. You know, she said something
that I find very hilarious and also very, you know, very
telling. She said the choice will be
yours and yes, it will be like and I choose Bitcoin.
The the there is a choice here and it's not the the binary
dichotomy that they are, they're they're showing in your face.
You know, it's not between digital cash and the CBDC system
or cash in its physical form or a digital version of it.
It's basically the Fiat parasitic classes.
Money. And Bitcoin.
And remember what CBDC stands for, guys.
I'm going to continue to harp on this meme.
It doesn't stand for central bank digital currency.
It stands for central bank digital control.
This is what it's all about. It's all about control.
They even said it themselves. You know, programmable money.
They want to be able to, with surgical precision, control your
your money, your savings. They want expiry dates on your
savings. Like, what kind of ridiculous
stuff is this? Where?
You can't even save your money. Did you see the Did you see how
giddy he got when he was talking about those things?
Like he was so happy. It's.
Insane. You could tell like he was just
like, like, like, you know, like, oh man, like this is, it's
going to allow all these things like he was.
So happy and so many cool, so much cool stuff.
It really sounds like shit coin propaganda out there, dude,
we're going to add so much cool stuff to this programmable
money. Most of it is, you know, control
and expiry dates on your money, so you can't save it, you know?
Don't be a hoarder, guys. Like, that's bad for the
economy. We want to incentivize you to
spend your money and it's like, what?
Like. It's literally just doubling
down on you will own nothing and be happy, and now you will have
digital incentives from the government to spend your money.
It's like this is absolute madness.
This is crazy. This is literally also
destroying one of the one of the main properties of money.
It's being able to store your value, like do these people, and
they're economists too. Like these are the smart people
in control of the economy, and they don't even understand the
basic premises of money. You need to store your money.
Like money needs to hold value through space and time, and
they're trying to incentivize you to spend it more.
It's like, this is absolutely ludicrous clown world stuff, but
on the flip side. I think we can argue that this
is just absolutely bullish. Like they are accelerating as
they are losing control. You know this is so bullish
because opt out of this madness, you don't have to choose between
their binary choices, like literally turn the chess board
over, opt into Bitcoin. You don't need their permission.
You you have a choice. It is Bitcoin or slavery.
And even their propaganda is saying this in, you know, like
they're saying the quiet part out loud.
Like it's Bitcoin or slavery. But of course you know to the
title of this, yes, they will probably try.
I've been saying it all week. I've been saying it for months
now. A direct attack on Bitcoin right
now is bad PR because it just proved why you need Bitcoin in
the 1st place. So of course can't ban Bitcoin,
you can only ban yourself from Bitcoin.
So you know Chrissy Lagarde, have fun staying poor, but you
the citizen out there don't have to have fun staying poor.
You have a choice. Opt out of this.
You need to save something that is completely outside of their
control, which of course is Bitcoin.
It is a parallel system that they cannot control, that they
cannot debase. Like it's so simple that we
always have to beat the fundamentals back into
everyone's brains out there. Because it's all about the
money. Metaphorically, of course.
Of course it's all about the money.
It will always be about the money until you take away the
money printer from them. We're going to be doing this for
a long time until people wake up and stop trusting these people.
Then we're going to constantly have to be in the trenches, in
the information war, in the mimetic guerrilla war, and just
dropping that hot fire and making sure we're planting them
seeds of freedom into everyone we know and and we're winning.
We're winning. We're winning.
Do you guys just realize that the New York Times got their
blue check removed when they tried to communicate community
note Pierre Richard's video. It got taken down and the
president of the European Central Bank just got community
noted with the Fact Check that literally says like basically
calling BS on her claims like. And and you know the intensity
of that video tells me that they're scared that that that's
what that tells me, right? That they're trying to roll this
out as soon as humanly possible because they see the writing on
the wall and we know whether this was a Freudian slip,
whether she meant to say this on purpose or not.
We know how they feel, right. She literally said it.
She's like this is an escape valve, right?
Escape from what exactly, Right. It's never talked about.
Anyways guys, I want to give a shout out to our sponsor.
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All right, everybody. So let's talk about what we're
going to talk about today. But first, I want to set the
tone with the, with the quote from Winston Churchill.
Winston Churchill was the Prime Minister of the United Kingdom
during World War Two. He says never let a good crisis
go to waste. I mean, I think of that that
that technique I think a lot of politicians have have used for a
very, very long time. And that leads me to the latest
of the latest from Senator Elizabeth Warren.
The anti Bitcoin senator, right. She literally made it part of
her campaign that she is anti Bitcoin.
I don't know how feasible that it's gonna be in the long run,
but in this moment in time they think it's a good idea.
So she says US Senator Warren leads lawmakers to push
Administration on Crypto backed terrorism.
In a letter to top US security officials, 102 lawmakers
demanded to know what the Treasury Department and others
are doing to prevent the use of crypto to finance terrorism.
Goes on to say US Senators LED more than 100 lawmakers and
demanding top officials share their plans for heading off
crypto finance terrorism. The bipartisan group of
lawmakers from both the Senate and the House of Representatives
signed a letter dated on Tuesday to National Security Advisor
Jake Sullivan and Brian Nelson, Under Secretary for Terrorism
and Financial Intelligence at the Department of the Treasury.
They cited reports that crypto funds had supported Hamas in the
months before its attack on Israel, with the group directly
soliciting soliciting Bitcoin donations.
Quote Given the clear and present danger posed by the
financing of these and other militant organizations, we asked
the administration to provide additional details on its plan
to prevent the use of crypto for financing terrorism.
They requested in the letter Congress and the Administration
must take strong action to thoroughly address crypto
illicit finance risk before it can be used to finance another
tragedy. You know what is also used to
finance terrorism dollars. You know what is primarily used
to to finance terrorism dollars. Why don't they talk about
dollars? Because they can't control it.
And again, I'm going to reference back this quote, Never
let a good crisis go to waste. And let's take a look at the
bill that Senator Elizabeth Warren and senators also on the
Republican side like Senator Graham.
Let's take a look at the bill that they're currently tried to
pass, currently trying to pass. Legislation to close loopholes
and combat money laundering, ransomware attacks, sanctions,
evasions, drug trafficking, elder fraud, and other illicit
financial flows in crypto. So let's take a look at the
legislation and what it's gonna require.
Extend Bank Secrecy Act responsibilities including know
your customer requirements to digital asset wallet providers,
miners, validators and other network participants that may
act to validate, secure or facilitate digital asset
transactions. So that means that this and your
favorite software wallet, whether it's Sparrow, Electron,
Blue Wallet, Spectre, whatever floats your boat.
Liz. Law would require those wallets
to KYC you before you use them. Minors.
I didn't even know if that's possible, which I just think
that this is just a de facto ban.
Validators. That's your node that you're
running at home. I recommend the start 9 by the
way, it's absolutely badass. And there's a discount code down
below in the video description. Check it out anyways.
Yeah, validators, nodes, they would have to KYC too.
And other network participants that may act to validate, secure
and facilitate digital asset transactions address a major gap
with respect to quote unhosted digital wallets, right.
So not only do they want a KYC wallets, but the unhosted
wallets, meaning if you take self custody, there's a major
gap. That's a problem.
They don't want people taking self custody of wealth.
I mean remember the six one O 2 order FDR basically making it
illegal for Americans to hold gold.
The reason that they were able to pull that off the way they
did was because of gold's physical characteristics which
led to its centralization. So a lot of people, if they held
a large amount of gold, they stored it in banks.
So when they passed that law, the banks just set up.
You know what, It's not yours anymore.
It's illegal to the government. But if you have millions upon
millions of individuals taking self custody, which is what we
recommend on this show every single day using Electrum,
Sparrow, Blue Wallet, Spectre, so many open source software
wallets, and then putting that Bitcoin into cold storage and
using a hardware wallet. Passport is awesome.
There's a cold card, there's Trezor, there's Ledger.
If you want to use that for whatever reason, there's Bitbox.
Then it's then it becomes incredibly difficult for them to
seize people's wealth. And I think that is the
motivation behind this wording. In reality and this Winston
Churchill quote, never let a good crisis go to waste.
Well, they definitely didn't let the absolute tragedy that is
happening in Israel. You know, they didn't let that
go to waste, to use that as a justification in order to attack
Bitcoin. And they're telling you exactly
what they want. They tell they're telling you
KYC wallets, miners, nodes and unhosted wallets.
Now we can't have that. That's the danger.
That's that's that's bad. So kind of tie this in with what
we were talking about in the beginning of the show.
The race to avoid the war. How?
How do we beat this? Like how do we beat this right?
By waking people up, by unifying people, by saying it's not left
verse, right. Whatever party's in power,
whether it's Democrat or Republican, they still print a
ton of money. If you're in the lower middle
classes, you know you don't have the means to save an assets
therefore you get poorer. You're you're what you're
earning in what you're saving in is devalued right.
So you know to use Christine Lagarde, I mean it's all tie
this in together to use Christine Lagarde's words from
the very beginning of the show they don't like that escape
valve. They really don't like that
escape valve. And as more and more and more
people choose to use that escape valve and that you're you're
specially noticing this in the global S where people have just
lost faith in their currency so they're forced to seek an
alternative out of necessity, I think they're going to get more
and more desperate and like a wounded animal trapped into a
corner, that's when it's it's most dangerous right.
So our our defense against this is educating individuals, waking
them up to the reality of a lot of the political divisions that
are happening right now are caused by broken incentives and
broken money. If you fix the money, you fix
the incentives. And if you fix the incentives,
you fix the world. So this is literally what it's
about. This is what's at stake.
It's up to you. It's in your hands.
What type of future do you want? Your kids?
Your grandchildren to live in. Do you want a future where
someone like this is telling you what you can and can't do with
your money? Or do you want to be the one to
decide what you can and cannot do with your money?
Anyways, that's my take on today's news.
I know it's a little bit dark today, but hopefully we we
lightened. We lightened it up with the
culture and the memes, bro. But that that memes.
For sure that that Chrissy Lagarde video, man, it put a
like I saw that and I was like, holy cow, like it it it made me
a little bit upset. I'm not going to lie.
It it it it didn't strike me the
right way. Man that that video did not feel
too good, you know? Anyways, what what do you what's
your take on this? What's your take on the anti
Bitcoin Senator Opti? Yeah, well before I do that
shouts out to everyone on Rumble.
The chat's lit over there. I I just, I finally figured out
how to work Rumble so I could see the chat shouts out to
everyone over there. It's it's getting lively over
there so really, really good to see.
Hopefully it goes up and and when we're able to get.
The rumble chat on to restream and pull your guys's comments
up. Know that we will.
Anyways, to your question, what do I think about the anti
Bitcoin politicians? It's kind of something I've been
saying for a while. I I just wish politicians would
remember their oath to work for the people.
I thought this was, you know, home of the brave land of the
free. I thought this.
I thought America was the the land of freedom.
And here we are with freedom, money.
And these politicians, these psychopaths, these parasites,
these. Lizard people, as Alex Stanzic
always says, are doing their best to fight freedom.
Like Bitcoin is freedom money. And of course we know why.
Of course, the politicians are doing their best and incentivize
to work for big banks and the interest in the lobbying groups
because they know what we know guys, the control of the money
printer. It is why they have become rich.
It is why they have been able to maintain power.
And if you disintermediate that, if you expose the fraud that is
the traditional financial world, then of course they are going to
lose everything. And that's literally what we're
after. Guys like this is a game for all
the power, and we're finally going to bring the world back.
On a level playing field, on a world where you have to provide
value and politicians do not provide value at all and so of
course they're going to fight Bitcoin.
Of course you know Elizabeth Warren, who if I am not
mistaken, was very popular during the Occupy Wall Street
stuff and you know, was supposedly fighting for the
little man until she got into office and got bought and paid
for it. Now she's literally bidding for
the banks like you can't make this shit up.
And anyways. I am not surprised at this, but
also Nico, there there is a good article that dropped this
morning on Forbes literally countering this exact thing that
Elizabeth Warren is talking about about basically terrorists
using Bitcoin to finance themselves and money laundering
stuff. And the article was basically
saying the opposite. And I'm glad you brought the
quote up of don't let a what what is it?
I I'm blanking right now. Don't let a crisis go on wasted
or whatever. Yeah, and.
So the article on Forbes was basically showing the exact
opposite, that Khamas used Bitcoin to, you know, fundraise.
And then they realized that, Oh my God, it's a public Ledger and
everything that's on the Ledger can be tracked.
And Oh my God, it's not anonymous, it's pseudonymous.
And if you don't know what you're doing, it's very
transparent by design guys. We know and there's constant,
constant receipts on this and you can go look them up.
I'm sure we've brought them on the show as well.
Financial criminals, quote UN quote, terrorists or money
laundering is like a minuscule point O 1% of the of the the
transaction, the volume on Bitcoin like the real criminals
are using money. Guys, this is are using cash.
Sorry, we all know this. Of course, they are rolling out
new technology with the same old fears that they've done for.
Remember they were saying about like the Internet.
You know, it's going to, it's going to enable pornographers
and terrorists and all kinds of stuff.
And like, they're just using the same excuses constantly when new
technology comes out. Like, of course the illiterate,
computer illiterate old, you know, boomers out there that
don't understand how the world works, don't understand
technology, do the same thing over and over.
They are absolutely afraid of technology because.
It's going to shake things up and they don't want things to
change. And here we are.
We have Bitcoin. It's not going to get stopped.
Sorry Elizabeth Warren. It's just not going to happen.
Like, Bitcoin is here. You can't stop it.
It's a little too little, too little, too late.
And as much as you try to fight it, it just proves to me that I
need to hold more and more Bitcoin.
It will slowly but surely wake everyone up to the same thing.
If your government doesn't like Bitcoin, there's probably a
reason. It's because Bitcoin is good and
it takes away the power from them like.
It's so simple. Every problem of the world is
because they have control of the money printer, because they have
unlimited Fiat printing abilities and now you can't
debase our currency. It's literally I I even said
this to my mom. Little side Chen do.
We were talking about something different.
I forget what it is and I just started ranting.
I'm like, look, it's literally this simple.
Are you against looting or are you for theft?
Like I am against theft. I am against looting.
And any politician that is anti Bitcoin is just actively telling
you they are for looting. They agree in theft.
They like theft and murder. You can't but, but, but, but
elaborate, like elaborate, right, 'cause like that could be
like construed as rhetoric, right.
So it's like any politician that is against Bitcoin is, is for
looting, forcing. I think you hit the nail on the
head. But like why is that like?
Well, inflation is theft. The more they print money, yeah.
The more they print money, the poorer you get.
It's a wealth redistribution mechanism guys.
The more money you print, they print, the richer them and their
friends get because they are printing money, allocating it to
them and their friends businesses.
Once you get the money, eventually you know trickle down
economics, the fable trickle, trickle down economics, your
purchasing power gets destroyed. You are literally getting
poorer. Any every politician that is
fighting Bitcoin now draw a line in the sand.
They are for theft. They are for looting.
They are for stealing your future.
I don't know about you, but that shit pisses me off.
I do not like theft. I do not like looters.
This is what we're trying to do here on Bitcoin.
It's provide value as much as possible.
The only way to get Bitcoin is by taking Bitcoin from someone
else. You can't.
You can't debase your currency. You have to provide a product
that someone is willing to give up their Bitcoin for.
What product are politicians providing towards you?
They say my Rd. but my roads are fucking trashed, like they don't
provide good services. What is going on?
How is this so? Like, how do people not get
this? But of course where the crazy
Bitcoin is, and I and I just fully like Alex Jones this.
So like, obviously this message isn't going to get across by
anyone that's listening to this just 'cause I got said
triggered. What the?
It's just like it's so simple, man.
Like your politicians out there that are fighting Bitcoin,
whether they're central bankers or bureaucrats.
Maybe we stepped a little bit out of the ovation.
Window to stop. I apologize slightly, slightly,
a little bit. Your politicians are for
limiting. But I'll, I'll, I'll tell you
this, our Rumble audience. Is popping the phone up 62
followers in there today. OK, but let's actually break
down like, you know, a lot to use.
A lot of very powerful. Records, I was yelling, I
apologize. So let's kind of break it down,
like why we make the case that if you're against Bitcoin,
you're you're for theft, right? So essentially, if you're
against Bitcoin, you are supporting central bank digital
currencies, you're supporting Fiat, right?
Built in by design into Fiat is the devaluation of currency,
right? So the devaluation of your
purchasing power. The data shows that affects the
lower and middle classes the most.
So if a politician is against Bitcoin, they're for Fiat.
And Fiat money has inflation baked in, which a lot of
bitcoiners make the argument that inflation is theft.
I believe that as well. Maybe you could you know, some
academic could say no, that's not technically right.
Like, I don't know how That's not really it's it's it's a it's
it's a tax. Like, it's a form of taxation.
Look, Bitcoin has proven that money can exist, that not only
does it not lose purchasing power, it actually increases in
purchasing power over time because there's a cap supply.
So it's proven that there's an alternative to Fiat currencies.
Now what they would like you to believe, the Keynesians, is that
the world would burn down spontaneously combust because if
you don't have inflation, people aren't going to spend and buy
shit. I think that's bullshit.
I'm calling bullshit on that. Like, look, you're going to live
your life, you're going to want to buy things, right?
Just cause. Like wealth effect is real.
Like I I'm still going to want an iPhone or like the an Android
or you know like if a new phone comes out and I like it, I'm
still going to fuck it. I'm still going to buy it, you
know, I'm still going to buy, you know, I I like, I love text.
So like I'm still going to buy a computer.
I'm still going to buy a camera. I'm still going to buy a
microphone, right. Like it it it's like it's not
going to stop me from buying things So so yeah.
So I think you know I agree with your the rhetoric might be
strong. It might be a little bit out of
the Overton window. Right.
But in essence, I do agree with you 100%.
I do agree. You know, it might be like it's
like I do agree. I I think that that if you're
against Bitcoin, you're against freedom, you're against, you
know, you're for money that steals from people like.
And you know you could spin it in any type of way and you can
you could like kind of say that no, that's not true.
Like but like please present to me a counter argument.
Like please like I I I don't see one right, 'cause like, OK, so
if you're if you're against Bitcoin, then you're for Fiat
money. OK, fine.
You're for Fiat money. The government should have the
ability to issue money. But what about inflation then?
You talk about, OK, but what if they get it to this 2%
inflation, OK, they get it to this 2% inflation, it's still
losing 2% of purchasing power a year and that that compounds
over time. And that's in stark contrast
with Bitcoin, which your purchasing power increases over
time. So I mean, like one is obviously
better for the individual than the other.
And OK. And then the argument that the
other argument that they would say is like, no, the volatility.
The volatility, yeah, OK, fine, there's volatility.
But that volatility over a year, a three-year and a five year
time scale, it is, it goes up and to the right, right.
And Fiat is literally designed to go down and to the right
forever. So you can say maybe on a short
term basis that yeah, the volatility is crazy.
OK, fine, you can make that argument.
It's a fair argument, right? But you can't deny that over a
five year timescale, over the last 10 years, Bitcoin has been
a better money than Fiat currencies.
Period. The data's there.
It's freaking undeniable at this point.
I've been living under a Bitcoin standard for seven years, been a
great decision Opti, roughly the same around of time.
It like I don't think I've met someone who is fully gone on to
a Bitcoin standard that has gone on to tell me, oh, I regret it,
I'm going to go back to Fiat. I don't think I've met someone
who's ever told me that in in my life.
I've met people that that bought the top and then they get
demoralized. And then they get, you know,
they're like, oh, I don't want to partake in this anymore.
But I've never met someone who held.
They held, right. They experienced the pain.
They paid the price of tuition like Naimbu Kayla and Michael
Saylor are doing right now, right?
And they made it over the hill. They made it to the other side.
I've never met someone that's like, you know what, those
dollars, I'm going to go back to them.
They're great. They're delicious.
I love those $1000 limits. This is wonderful.
Like, no, I, I I don't think I've ever met someone that has
made that argument to me before. So yeah, like Opti's rhetoric.
I'm not going to be like be intense and be like strong and
like whatever. But.
Opti Jones in the chat today. Opti Jones in the chat today.
I like I I just, I I agree with you bro.
I agree with you. Anyways, I want to ever give a
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You're freaking awesome. Anyways, everybody, let's get to
the meme review. Let's do it.
The Daily Meme Review. I think it's culture, but we're
we're running long. I could go straight to the meme
review. Oh Oh no, no, no.
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Visit swanbitcoin.com today. I think that was the first time
that, yeah, it's. Probably happened before, but
anyways anyways, I don't think so.
Yeah, no, but we we catch it before I.
I thought you were. I thought you were throwing a
curveball anyways. Anyways, that's that's beside
the point. We we are running.
I guess maybe this is a Friday show and we'll run long.
Anyways, this is a Friday. All right guys, so last week if
you hung out with us in Twitter Spaces, a pretty well known
bitcoiner. Did did a classic trope from
like 2017 about how like huddling Bitcoin isn't enough
and and I'm not going to do the whole huddle verse spending
Bitcoin, It's it's very Keynesian as far as I'm
concerned. But it sent me down a rabbit
hole and I know how much you guys love when I read the
classics and in my opinion, the classic Bitcoin literature.
And so I was looking for something to go on this idea.
Of like why huddling is important.
Obviously I've I've I've broken this down on the show multiple
times. Your money needs to store value
through time and space. What is huddling but just
holding value through time. So don't don't don't let the
scammers out there because everyone's a scammer tell you
that you shouldn't be huddling Bitcoin.
Of course you should huddle Bitcoin.
But I came across this article on Nakamoto Institute chats at
the Pierre Rochardi. It's it's 10 years old at this
point, which is absolutely mind blowing and it basically there
was a line in there. I'm going to read it for you
guys, but there's a line in there that is something we say
all the time, and this is 10 years old, guys.
It's there's no political solution to this.
There's no political solution to fixing the current Fiat system.
It is opting out and getting on the Bitcoin standard so.
I'm over here in Nakamoto Institute again guys.
I know everyone gets caught up on on the the new current thing,
but highly recommend you go read the classics over there on
nakamotoinstitute.org, Shouts out the Piero Shard and
Bitstein. Absolute goats wouldn't be here
without them. Anyways, there's this article
here guys. And the Fed hoard bitcoins.
You know he's using the Keynesian terminology of
hoarding. I would call it hoggling.
I would call it savings. Hoarding is a good word in my
opinion, and not a bad word like the Keynesians would like you
believe anyways. And the Fed?
You're a hoarder. Why are you hoarding them?
Coins? Give them to me.
Spend them. Everyone's a scammer anyways.
And the Fed hoard Bitcoin. Pierre Rochard, February 19th,
2013. Absolutely incredible.
Pierre Rochard was able to write this ten years ago, and he's
still kicking ass out there and taking Wall Street Journal.
Or was it New York Times? Whatever.
Anyways, just fucking owning them.
Sorry. Anyways let's read this guys
because it is 10 years old. So I will update a few things
and I will show you where we've come since this and how we are
exactly on plan and tapping exactly as design.
Anyways, let's read this guys for you guys that have not read
it. Or are newer to Bitcoin.
The libertarian strategy for undermining Fiat currencies has
always centered on making gold and silver viable alternatives.
This effort has failed because it is impossible to compete
against a digital currency like the dollar with a physical
commodity due to the high transaction costs associated
with the latter. The only way metals can succeed
is if Fiat failed. While it may be the case that
Fiat currencies inevitably collapsed over the long run,
waiting for this possibility is unacceptable given the amount of
damage that central bank. Are inflicting on humanity's
accumulation of capital. Talk about this constantly.
We even talked about in the beginning of the show the mantra
of passing an audit the Fed bill.
My marrying in scandal and legalizing currency Competition
ignores public choice economics as well as the fact that digital
Fiat currencies have already won the competition against medals
and would win it again. We don't need another political
solution to an economic problem. What we need is a more
competitive market currency. Enter Bitcoin again.
We say this all the time. There's no.
Political solution We don't need another political solution to an
economic problem. What we need is a more
competitive market currency. Enter Bitcoin.
Low transaction costs make Bitcoin the most competitive
medium of exchange in humanity's history.
And it may be the case that a currency with even lower
transaction cost is theoretically impossible.
To learn more about Bitcoins, it's It's linking to another
article and here we go. Bitcoin white superior.
Here's a chart You know storage of Bitcoin is free, 100% reserve
transportation is free and easy. Security is cryptographic.
There is no fiduciary media record keeping is automatic.
Counterfeiting is impossible, the issuance is algorithmically
enforced, payment clearing is cheap and distributed.
The scarcity is fixed at 21 million hard cap and authentic
authentication. Authentication is built in.
Is why you run notes anyways. Bitcoin is slowly supplanting
metallic and Fiat mediums of exchange is currently
transitioning from the innovators to early adopters.
Phase Here's the the the technological adoption life
cycle. Who knows where we are, but
we're probably in the. Early early adopters era
anyways. This transition is accelerated
by new intermediaries like exchanges and they use Coinbase
which you you just know how outdated this is that are
driving down the cost of selling Fiat money for bitcoins at the
same time as demand is increasing.
Bitcoin inflation slowed considerably due to the block
reward having, and we're about to see another one in what, like
April Ish? Anyways, the dollar value of all
bitcoins in existence now exceeds 500 billion.
Here it was 300 million. Look at that growth and this
leads us to an interesting question.
Is the values of Bitcoin as speculative bubble?
The price of Fiat currencies and the debts denominated in Fiat is
a bubble that will burst. The relevant question is when
the purchasing power of bitcoins will peak.
The appreciations of bitcoins relative to consumer goods will
slow down when the adoption rate tapers off, and hoarders will
use their gains to buy consumer goods again.
Toddlers will use the gains to buy consumer goods.
Simultaneously, Fiat currencies will be in a hyperinflationary
tailspin and real interest rates will be spiking.
High interest rates will incentivize hoarders of Bitcoin
to buy productive investment assets and lend to borrowers
now. Unencumbered by Fiat denominated
debts. At that point, Bitcoin's
purchasing power for capital goods, IE interest rates, will
decline but the purchasing power for consumer goods will continue
to drift higher due to productivity fueled deflation.
If you're interested in getting rid of central banking, I would
recommend hoarding bitcoins by transferring your dollars to an
exchange and sending the bitcoins you buy to a secure
computer. This hoarding sets off a
virtuous feedback loop that accelerates Bitcoin adoption.
So here is where. I kind of got into the original
idea of like huddling is using Bitcoin.
And then of course that there is no political solution to this.
And look at this chart. It's so beautiful.
You know, hoarding or huddling Bitcoin leads to a higher
Bitcoin price, which leads to minor profitability and media
attention. And with higher mining
profitability, the total hashing power goes up, the security of
the network goes up, and with that comes the perceived
legitimacy. And with that comes more people
adopting Bitcoin, and more people hoarding Bitcoin, and
then more businesses and merchants accepting Bitcoin.
Well, this article was 10 years old, so of course Hodling is a
use case. And let's just update a few of
the things we were talking about first.
You know, higher. He got it.
So right.
So like 10 years ago, so, right. All right.
First one, higher interest rates.
Well as you guys have been following and we all know
Bitcoin twitters turned into macro, macro, macro.
You know feds interest rate history, the federal fund rate
from 8/19/81 to the President and the first.
Literal sentences on this, the ultra low rates consumers had
grown accustomed to since living in the throes of the 2008
financial crisis, have all but certainly come to an end in just
a year and a half. And this was September 20th 2023
when this was written or released.
In just a year and a half, the Federal Open Market Committee
has lifted interest rates 11 times, bringing its key federal
fund rates to a target range of 5.25 to 5.5%.
That's the highest since early 2001, a bank run analysis of the
feds moving throughout history showed.
So higher interest. OK.
What's the other thing he said with more adoption there will
come more mining profitability and the hash rate will continue
to go up. Well, where was it in 2003 in
February ish, what 27, 2013, that's what I say, right?
What I say you said, Oh yeah, sorry, February 2013 hatch rate
was at 27 Tara hashes and now we're at 421, roughly 421 extra
hashes. It's going absolutely
astronomical, so. And we have been covering on the
show constantly the amount of media attention.
So of course Hodling is a use case.
Of course Bitcoin is growing. Of course Pierre Rochard is just
a go and has been calling this for 10 years now.
Bitcoin is going exactly as design guys and with everything
we're seeing and and kind of circling this back to the
beginning of the show. With the amount of acceleration
we're seeing from the central bankers and the bureaucrats and
and them scrambling for control and them scrambling to paint us
all as criminals because all we really want to do is saving
something that they can't steal from us.
It's becoming very clear. And I know Nico and I well,
rather more Nico than I. We've been very generous for the
whole year and now I'm I'm just doubling down on the idea that
they're not naive. The politicians and the bankers,
they're not naive. They know exactly what the game
is. And as they accelerate and lose
control of the truth, it's all because of one reason.
It's because they know they are losing this war.
And I shout out to my boy Tucson, because he put it so
eloquently. And maybe this is a little harsh
and Nico's Ives, but I 100% agree with this.
All the government spending you see today is not people being
irresponsible or stupid. They are literally looting as
quickly as they can before the system collapses.
Hold on, hold on Nico. Let me let me finish and look at
the US national debt guys. Remember the amount of looting
that they've done? It's almost $34 trillion.
And that doesn't even account for all the unfunded liabilities
over here at, what, 194? Almost $195 trillion Anyways, to
wrap this up guys, everything is going exactly as planned.
Stay humble. Stacks out.
Stay solvent. We are winning.
If you really don't believe in central banks, you need to
huddle bitcoins. Huddling is a use case.
Everyone's a scammer. Hold as much Bitcoin as
possible. Anyways, Nico, you can jump in
and then we can go into music. I went for Opti Jones on today's
show. I am not.
It is what it is. Oh, man.
OK, so a lot to unpack there. I, I, I, I, I think American
Hodel's tweet comes to mind where he said no one is better
than their incentives. I don't think they see it as
looting and that that's not a justification or anything like
that. But I think that you have a
system of misaligned incentives where politicians are
incentivized to get close to the money printer.
And I think Bitcoin fixes the incentive structure.
I think that these are just human beings that think that
they're doing what's best not only for the world, but for
themselves. Yeah, I'm sure there's some evil
people out there, you know, but I think that most central
bankers are just trying to just pay off their mortgage just like
everybody else. And I think that could be taken
as like, you know, these people are evil and this and this and
that. I think that once you fix the
incentive structure and the incentive structures aligned
right like in the Bitcoin system, then I think people are
incentivized to do good. And because they're incentivized
to do good, it like it, it all kind of works in harmony.
And I think we have a system where you're incentivized to do
bad, right, like you're incentivized to, you know, to
cut corners, to put it gently and nicely.
And I think that that's really what is, you know, what is the
cause of a lot of this behavior, right.
But of course, like, I understand Opti's emotion,
right? If you are under the age of 35,
it has never been as expensive to own a home, right?
It's been, it's much more difficult than it was for our
parents generation and the generations before them, right.
So you know it. It's thank God for Bitcoin for
these moments, right. And again like I I I wouldn't
you know I wouldn't say that Janet Yellen or Christine
Lagarde. I I truly believe.
I don't think they think like I truly believe they think they're
doing what's best, what what's. That thing that there's you.
You can't convince someone of something when their job depends
on it or whatever. Yeah, exactly.
You can't. Yeah, yeah, I remember that
quote. I can't.
I can't remember the exact quote off the top of my head, but
yeah, you can't convince someone that they're doing something
wrong if their income or their job depends on it, right?
So I just I just you know that that's what I.
Got to say about I like this, a good good balance.
Where I I'll go off the edge and you're the sober one here.
But before we go on to the meme review, there's a good comment
over here on Rumble and it goes Opti Jones 1.
Lagarde 0. Shout out to the rumble, John.
Oh man. But yeah, yeah, look, Bitcoin
fixes this. I think that I think this is
what this is, what Fiat does it it it did, you know, it
misaligns the incentives and I think it brings the worst out of
humanity, and I think Bitcoin brings the best out of humanity.
So anyways, that's my take. But I understand opti's emotion,
and I understand where his frustrations are coming from,
'cause I think a lot of us feel that way, especially if you're a
zoomer. If you're a millennial, what is
before Zoomer? I don't even know.
After I think they call them Gen. like alpha now or
something. That's so weird.
Not that it's not weird, it's just it's the first time.
Yeah, I think they call them Generation Alpha.
It's like they restarted. So Gen.
Z, Yeah. Start with the A.
Yeah. All right, well, I'm excited for
the meme review. Oh, I got some good ones.
Let's hit that. OK, all right, let's hit the
meme review, everybody. Let's do it.
The Daily Meme Review. All right guys, this is all.
Right guys, This is the meme review where you guys send me
memes. Tag me on Twitter.
Simply Bitcoin TV. Really the best way to get me
now is at Optimus field because the the our Twitter account is
getting crazy. Or drop them in our telegram
group T dot me slash you're going to regret.
It's whatever. It's fine.
Blow up my, blow up my notifications.
They're off. I I I no just join our I.
Tell them to join the telegram group and no like they're
starting to drop the memes now like look, look join our
telegram group. Go to T dot me slash simply
Bitcoin TV. You could join there.
It's a party. Drop them in there.
People are just dropping memes. I need the Twitter.
I need the tweet. So I can give them credit guys.
Either way, it doesn't matter. We will adjust and I'll tell you
to not tag me in the future, but in the meantime it is OK.
Tweets are the bullets, Memes are the artillery.
We are in an information war and you are frontline soldiers.
Continue to get the cause of action out there.
Continue to ridicule the corporate press.
Continue to make the funniest to keep your friends heads in the
game. Anyways, 1st meme shouts out to
my boy world of Rusty and on Nico's post of bit corner
slavery he dropped this GIF of the Gilf Christine Lagarde as a
reptilian demon. And it goes.
It's your choice in in parentheses a currency that
steals from you, or a currency that enslaves you.
Not Doesn't sound like a choice to me.
It it really doesn't sound like a choice at all.
Opt out. Bitcoin or slavery.
Bitcoin or death? Bitcoin or annihilation.
Doubling down on it. I'm going full Opti Jones today.
It's all right. I don't do it often anyways.
Next meme shouts it to my boy Nick Can't mine.
And I'm sure you guys saw this morning Bitcoin just kissed 30K
and he's got this tweet here and it goes $30,000 Bitcoin.
And we got a Pepe here looking at the it's the meme of the guy,
like looking over into the abyss, but it's like a Pepe and
he shit his pants. Because I'm thinking we're back.
I'm thinking we're so back. Oh, actually, actually, let's
what's the chat think? Chat thinks the bull run has
started. So we're so bad.
We are so bad. OK, the next meme is by TK.
Chat led to TK. He's in the chat or in the
Telegram group at toxic cat 27. And we got this kid here with no
shirt on. He's gambling at the casino and
the kid is the banking parasites and the the slot machine is
government debt and them just keep pulling on the on the lever
and it's your entire life saving.
This is what's going on. The banking parasites.
The bureaucrats out there. The lizards, whatever you want
to call them, they are gambling with your life savings.
It is absolutely incredible. Anyways, next one is Ghost to
back. Then it goes Good morning
Hashtag Bitcoin Pump and we got the silverback gorilla with his
hand on his head and he's so concerned because you do not
have enough Bitcoin and we all feel the same way.
Once Bitcoin starts pumping, it's like damn, I probably
shouldn't shouldn't have bought that one thing.
Everyone's a scammer, including myself.
You are usually the biggest scammer because you scam
yourself out of Bitcoin. Don't take your foot off the
gas, all right? Next meme is by the BTC
therapist. OK, today's episode.
All right.
Hold on. That's your meme review score,
All right, It's it's on it's, it's it's on the border of
radical OCTI, OK? Radical we got to we got to
move. We got to move this is.
Sensible and popular amongst my demographics.
We got to move that closer to the middle, bro.
All right, all right. Hey, call me the crazy, crazy
uncle. I'm OK with this.
Crazy uncle Jim. Anyways, BTC therapist, the
battle has just begun. Hashtag BTC.
Just deep dumbling down, are you Nick?
This is going to end very good. Look, we got the giant beast
here. U.S.
National debt with the money printer and us you know David
versus Goliath. With the Bitcoin logo.
The Bitcoin logo. And that's fighting the monetary
demons. OK, next one Canute spawn home
Pill or Suppository. Your choice, Take the orange
pill now, or you take the orange Bitcoin Suppository later.
You can make it easy on yourself.
Be wise. Learn from what we're saying.
Our mistakes saving Bitcoin or you know the the economic
reality of printing too much money will force you to take
Bitcoin. And this last one, Nico, this is
this is the one that came out of our slack.
So Copernicus in the chat triggered.
Here's Opti on the couch. With the central bankers and
bureaucratic parasites and we got Jay Powell, Chrissy Lagarde,
Janet Yellen, Augustus Carson and Gary Gensler.
Shut up, Sophie. You're creating that?
Oh my. Goodness, today's today's meme
review score for me is the Overton Window all right?
And I see a lot of sensible chats and popular.
If if you are in the middle, you are toast.
If you are in The thing is guys OK, the more you go to
unthinkable and radical what you do is you exclude people that
haven't taken the orange pill yet.
So sometimes it's a good guys like Nico's Nico spin facts and
I know I went full Opti Jones got triggered on the show today.
But I say it all the time, You know, what we are doing here is
narrative trench warfare. And as much as it's a knee jerk
reaction to just like, go full crazy and like, you know, fool
Charlie Day on people, it's really about, you know, holding
their hand slowly but surely, guiding them towards the truth
and getting them over the Overton window.
Whoa. I got a huge Hornet in my dad's
office. That's crazy.
OK, all right, my score for today, My score for today is
this petrified wood. This rock.
Petrified wood Here, it's a rock, but it's petrified wood.
OK, anyways, that's pretty. Fucking cool.
Is it a rock? Is it a rock?
Or is it or is it wood? No one knows it's petrified
wood. It's rock.
It's a rock, but it's petrified wood.
My my dad likes petrified wood anyways.
Anyways, drop your meme review score in the chat.
I'm so confused. You've never seen petrified Wood
before? And what does that even mean?
I don't even know what that means.
It means it was wood. It was a tree.
And over time, it became a rock. Wow, dude.
Jeez, you've never been in a forest before.
You've never seen these things? Dude, Wow, you're so Miami.
It hurts. There's too.
There's too many palm trees. Oh, Miami guys.
Check out our merch if, if, if. If you don't buy our merch wine
will get very upset. If you don't buy our merch,
we're poor. Help support the show.
It means a lot to us guys. It really does.
It really does and it really, you know, it helps us a lot.
We got a bigger crew than you guys would think.
Yeah, a lot shouts out to everyone behind the scenes.
That makes sure simply Bitcoin brings you guys all the sauce.
Should we start dropping? There's too many names.
I don't want to miss anyone. Jacob, Chris.
Zach Rustin, Honey Shark tack wine, rusted Morpheus.
That's everyone. I think we Mike, Sophie, Sophie,
Yeah, I think that's it. Just like ten of us, including
us. Anyways, help by and we'll get
you guys the other merch too. We'll work.
For Yeah, actually actually yell at Nico, because he's the
Treasury right now. Wait, what?
We haven't even gotten rid of the I know I.
Know. Do you want me to buy more
fridge? OK, All right, all right.
I'm a free market, maxi. They want the.
They want the merch, if you know, you know.
All right, all right, all right. All right.
What a wow.
We I really derailed today's show.
I don't approve of any of this, all right?
OK. Tora.
Paddle My me. My meme Score Yesterday's Meme
Factory Show Happy 40 Fug Special.
Yeah, Happy birthday Greg. I dropped him.
Is he 40? Was his 40th birthday yesterday.
Well, that's some. That's awesome, dude.
Happy birthday, Greg. Legendary memeur of Bitcoin.
Twitter Sicko 05 Game of the Year Shadow of the Colossus on
PS2 in 2005 OK, OK. I love video games, so I'm sure
that would that provided some good memories for you, bro.
Igor, A radical lizard Suppository.
OK. Hey, very nice, very nice.
Next one, Elaine Chrissy breaks down at the IMF conference,
possesses her love for, then announces she has become a
bitcoiner. Wow, that would be that would
break the Internet. Skip down the road.
Meme score 21 million. Author of The Jungle.
Upton Sinclair. It is difficult to get a man to
understand something when his salary depends on his not
understanding. Thank.
You That is the That's the quote.
Planet Earth Gold is petrified. Useless money, OK?
It's a good score. Are we buzzing?
Last one, Are we buzzing? OK XX Meme Score 1 Petrified
Blonde St. All right, guys.
Thank you so much for for tuning into Simply Bitcoin.
We appreciate all guys. I'm, I'm, I'm getting put back
into the cage over here. I I guess I went too far over
the Overton window. Your boy.
Your boy went ballistic. No, no, no.
I I think I got you riled up. I think you did.
Hold on. Wait, whoa, There's meme scores
on Rumble. We Got a Fuck Banks by John
Plumb. We got an Idle Threat Meme score
Opti playing with his No no, no, that is wrong.
OK, never mind not reading rumble meme scores.
No, no Opti playing with his rock, his dad's rock.
Like, no, no, I do not endorse that.
It's a rock, bro. You're reading too much into the
meme. Anyways guys, if you enjoyed the
show, you know what to do. Smash that like button consider.
Consider subscribing if you feel like we provided you value.
But the number one thing you could do to help push the
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And yeah guys, have an amazing weekend and we will see you guys
on Monday for brand new episode of Simply Bitcoin Live.
But if you want to join the after party and we'll be holding
it down with Opti today. You can join us on Twitter
Spaces, which we Co host with our friends over at Swan
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stack? Shout out to the best producer
in the game, Producer Jacob, and if you guys want to join the
conversation and continue the topics that we talked about
today, yeah, definitely join Twitter.
But until then guys, like I said, have an amazing weekend.
We will see you Monday 12:15 PM Eastern Standard Time for
another episode of Simply Bitcoin Live.
Peace out. Y'all.
Yeah, that show was lit, absolute lit show.
Had a great time, had a great.