1 00:00:09,130 --> 00:00:12,130 It's all going to zero against Bitcoin. 2 00:00:12,770 --> 00:00:22,650 It's going up forever. You're against Bitcoin. 3 00:00:22,690 --> 00:00:27,530 You're against freedom. Yo, welcome to another episode 4 00:00:27,530 --> 00:00:29,530 of Simply Bitcoin Live. We're your number one source for 5 00:00:29,530 --> 00:00:31,650 the peaceful Bitcoin revolution of code breaking news culture, 6 00:00:31,650 --> 00:00:33,010 matic Warfare. We will be your guide through 7 00:00:33,210 --> 00:00:34,610 the separation of money and state. 8 00:00:34,810 --> 00:00:37,370 Speaking of the separation of money and state, today is one of 9 00:00:37,370 --> 00:00:39,850 those episodes. Yeah, that's right, we put it in 10 00:00:39,850 --> 00:00:42,370 the title. We saw this with the the Flack 11 00:00:42,730 --> 00:00:46,770 in in the in the chat. Opti, if you could pull it up, 12 00:00:46,770 --> 00:00:49,050 if you could be so kind. We are going to make the case. 13 00:00:50,050 --> 00:00:55,370 That if we as bitcoiners, as Corey wrote in his his very, 14 00:00:55,370 --> 00:01:00,130 very famous piece, The Race to Avoid the War, if we don't win 15 00:01:00,130 --> 00:01:04,610 the adoption race, there is going to be an inevitable clash 16 00:01:05,570 --> 00:01:11,090 between governments, Fiat currencies and Bitcoin, right? 17 00:01:11,330 --> 00:01:14,850 And the reason is simple. To use Christine Lagarde's own 18 00:01:14,850 --> 00:01:17,490 words, whose video we're going to play for you guys today. 19 00:01:18,180 --> 00:01:22,980 Bitcoin is an escape valve, an escape valve from government 20 00:01:22,980 --> 00:01:25,660 currencies, an escape valve from inflation. 21 00:01:26,620 --> 00:01:29,140 And they need you using government currencies. 22 00:01:30,180 --> 00:01:34,980 So if we don't win this adoption race, if we don't wake enough 23 00:01:34,980 --> 00:01:40,980 people the F up, yes, of course they're going to try to ban it. 24 00:01:41,820 --> 00:01:44,580 Look at what happened in the UK we we covered this. 25 00:01:44,580 --> 00:01:47,740 I think it was either the yesterday or the day before. 26 00:01:49,200 --> 00:01:53,960 They're January. I'm not making this January 6th. 27 00:01:54,280 --> 00:02:00,560 Literally that day UK citizens will be required to pass a test 28 00:02:00,640 --> 00:02:03,600 before they could purchase crypto and Bitcoin. 29 00:02:04,880 --> 00:02:07,600 Now you could say OK, it's because of all the crypto scams 30 00:02:07,600 --> 00:02:08,840 and all that, blah blah blah blah. 31 00:02:08,840 --> 00:02:11,720 But forgive me after everything that's happened after the last 32 00:02:11,720 --> 00:02:13,800 three years if I'm a little bit skeptical. 33 00:02:14,230 --> 00:02:18,510 If that is their actual motivations behind passing that 34 00:02:18,510 --> 00:02:25,190 type of legislation, So yeah. And you know what which is? 35 00:02:25,190 --> 00:02:28,030 I reference this book all the time, highly recommend you read 36 00:02:28,030 --> 00:02:32,270 it if you're a bitcoiner. This is all something the book 37 00:02:32,270 --> 00:02:36,270 The Sovereign Individual predicted back in the 90s. 38 00:02:37,000 --> 00:02:39,560 And the case that they were making was essentially the rise 39 00:02:39,560 --> 00:02:42,760 of information technologies would fundamentally change the 40 00:02:42,760 --> 00:02:45,120 relationship between the individual and the state. 41 00:02:45,720 --> 00:02:49,640 Because the Internet would empower individuals, not only 42 00:02:49,880 --> 00:02:54,600 giving them the ability to source alternative forms of 43 00:02:54,600 --> 00:02:58,440 media of information, right? Look, look at How did you guys 44 00:02:58,440 --> 00:03:02,240 know that the New York Times got their blue check or their 45 00:03:02,240 --> 00:03:05,850 verification badge removed? Because apparently they were 46 00:03:05,850 --> 00:03:08,490 peddling some type of BS or something like that. 47 00:03:09,290 --> 00:03:14,890 But the reason I brought that up is it's a great example of how 48 00:03:15,130 --> 00:03:19,970 media has been democratized because of the Internet, right? 49 00:03:19,970 --> 00:03:22,850 So anybody, if you're at home, if you're in your garage, 50 00:03:23,170 --> 00:03:25,090 doesn't matter. You can buy a camera, you could 51 00:03:25,090 --> 00:03:28,810 buy a microphone, and if you're good at what you do and if you 52 00:03:28,810 --> 00:03:32,600 provide value to your viewer. You'll start to build up of 53 00:03:32,600 --> 00:03:35,480 audience over time, of course, if you put in the proof of work, 54 00:03:35,520 --> 00:03:38,760 right? And you know the legacy 55 00:03:38,760 --> 00:03:42,120 institutions have to compete with all these millions of 56 00:03:42,120 --> 00:03:46,000 individuals all around the world that aren't bought by special 57 00:03:46,000 --> 00:03:48,480 interests. So therefore they have the 58 00:03:48,480 --> 00:03:50,480 ability to tell the truth, right? 59 00:03:51,160 --> 00:03:56,160 So and then add to that mix, right? 60 00:03:56,320 --> 00:04:01,420 Just sprinkle it in there. How the Internet has enabled 61 00:04:01,420 --> 00:04:04,580 people to use Bitcoin. So it's not only the 62 00:04:04,580 --> 00:04:07,940 disintermediation of information, but also the 63 00:04:07,940 --> 00:04:11,700 disintermediation of money. And it's kind of overlapping, 64 00:04:12,300 --> 00:04:16,700 It's happening at the same time and it's causing chaos a little 65 00:04:16,700 --> 00:04:18,820 bit, right? Because all these systems of 66 00:04:18,820 --> 00:04:23,020 control, whether it's the control over information, over 67 00:04:23,020 --> 00:04:27,940 the control on money. Are slowly starting to kind of 68 00:04:27,940 --> 00:04:30,220 shift up. They're slowly starting to shake 69 00:04:30,220 --> 00:04:34,540 up a little bit and you know, it's I think it's causing, you 70 00:04:34,540 --> 00:04:38,540 know a a a lot of chaos for governments that have been used 71 00:04:38,540 --> 00:04:41,700 to having a monopoly on the truth. 72 00:04:41,700 --> 00:04:45,540 Has like Naimbu Kele said in his very famous article, don't drink 73 00:04:45,540 --> 00:04:49,980 the elite kool-aid and also monopoly on the control, the the 74 00:04:50,220 --> 00:04:52,780 issuance of money and also the control of money. 75 00:04:52,860 --> 00:04:56,430 Right. So yeah, it's it's pretty crazy 76 00:04:56,430 --> 00:04:59,670 stuff. So bunker down, fasten up your 77 00:04:59,670 --> 00:05:02,150 seatbelts, take your Bitcoin into self custody. 78 00:05:02,150 --> 00:05:05,830 Not your keys, not your Bitcoin. And it's going to be a crazy 79 00:05:05,830 --> 00:05:08,910 ride anyways. My Co host isn't smiling today, 80 00:05:09,110 --> 00:05:12,190 so that is definitely a mole. Opti is not here. 81 00:05:12,190 --> 00:05:13,590 I'm gonna do the show by myself today. 82 00:05:13,590 --> 00:05:14,910 Just kidding. He's smiling. 83 00:05:15,190 --> 00:05:16,790 He's smiling. Told you lie. 84 00:05:16,910 --> 00:05:20,070 I poked my eardrum last night with a Q-tip and I'm kind of 85 00:05:20,070 --> 00:05:23,350 hurting this morning. Guys, I'm in pain right now. 86 00:05:23,390 --> 00:05:25,670 But anyways, it doesn't matter. The show goes on. 87 00:05:27,020 --> 00:05:30,020 Yeah man. Expecting optimistic. 88 00:05:30,020 --> 00:05:34,380 Opti I guys I'm telling you this West Coast time is really messed 89 00:05:34,380 --> 00:05:35,140 up. It it. 90 00:05:35,580 --> 00:05:40,820 I don't have enough time to to get my coffee to blood ratio 91 00:05:40,820 --> 00:05:44,990 going correctly so that I am just absolutely jacked on 92 00:05:44,990 --> 00:05:47,630 coffee. Yet I can only get enough coffee 93 00:05:47,630 --> 00:05:50,030 going through in the morning over here on the West Coast. 94 00:05:50,390 --> 00:05:54,750 So you know it it it it goes man, all I need is Anika Jones 95 00:05:54,750 --> 00:05:57,630 rant and then my blood starts boiling so like halfway through 96 00:05:57,630 --> 00:05:59,310 the show is when I'm like ready to go. 97 00:05:59,590 --> 00:06:01,750 So forgive me guys. Forgive me. 98 00:06:03,070 --> 00:06:06,790 I I'll be back home next week. I I'm, I'm staying for some 99 00:06:06,790 --> 00:06:10,950 family stuff, so I'll be back to normal, Geeked out Opti on the 100 00:06:10,950 --> 00:06:14,660 show. But yeah man, crazy stuff, crazy 101 00:06:14,660 --> 00:06:16,220 stuff. Shouts out to Chrissy Lagarde. 102 00:06:16,460 --> 00:06:20,340 She's obviously very mad at me. I'm sure you guys saw that 103 00:06:20,340 --> 00:06:24,420 Bitcoin Bugle article that broke the news yesterday that my 104 00:06:24,420 --> 00:06:27,940 messages got leaked with her and she's very mad. 105 00:06:27,940 --> 00:06:32,820 So you can tell why she's constantly talking about CBD CS 106 00:06:32,820 --> 00:06:36,460 doubling down on CBD CS. I guess my pillow talk didn't 107 00:06:36,460 --> 00:06:38,300 work. Guys, I tried, I I tried. 108 00:06:38,300 --> 00:06:42,300 I tried on both fronts together, to embrace Bitcoin and for 109 00:06:42,300 --> 00:06:44,580 myself to get close to the money printer. 110 00:06:44,580 --> 00:06:47,500 Neither of them worked. So you know I I'm just taking 111 00:06:47,500 --> 00:06:52,100 the L it it's it's OK whatever. Dude, so I remember Speaking of 112 00:06:52,100 --> 00:06:55,740 Opti on coffee, I remember when we did the Bitblock Boom live 113 00:06:55,740 --> 00:07:00,340 stream. It We've never done this before. 114 00:07:00,340 --> 00:07:05,720 It's like the first one. And we go live and Opti takes 115 00:07:05,760 --> 00:07:09,080 the microphone. Like, the first thing you do is 116 00:07:09,080 --> 00:07:12,760 you play the sound for and you're like, we're back. 117 00:07:15,680 --> 00:07:17,880 And I'm like, looking at you. And I'm like, bro, I'm like, 118 00:07:17,880 --> 00:07:20,240 welcome to the Bitlock room live stream, bro. 119 00:07:20,480 --> 00:07:22,760 So that's what happens when opti's not on enough coffee. 120 00:07:23,080 --> 00:07:27,280 I become a coffee addict that. Was to me a highlight that was 121 00:07:27,280 --> 00:07:29,280 that was that was beautiful, that moment to me. 122 00:07:29,280 --> 00:07:31,000 I'll never forget it. Never forget it. 123 00:07:31,610 --> 00:07:33,410 Anyways, everybody, let's jump into the show. 124 00:07:33,410 --> 00:07:34,410 We got a lot to talk about today. 125 00:07:34,410 --> 00:07:40,850 Let's check it out. The Bitcoin numbers. 126 00:07:41,250 --> 00:07:44,130 Is your Bitcoin in cold storage really secure? 127 00:07:44,250 --> 00:07:46,770 Is your seed phrase really secure? 128 00:07:46,890 --> 00:07:48,490 Stamp seeds? Do it yourself. 129 00:07:48,490 --> 00:07:52,210 Kit has everything you need to hammer your seed words into 130 00:07:52,210 --> 00:07:56,450 commercial grade titanium plates instead of just writing them on 131 00:07:56,450 --> 00:07:59,290 paper. Don't store your generational 132 00:07:59,290 --> 00:08:02,530 wealth on paper. Papers prone to water damage. 133 00:08:02,530 --> 00:08:04,530 Fire damage. You want to put your 134 00:08:04,530 --> 00:08:07,610 generational wealth on one of the strongest metals on planet 135 00:08:07,610 --> 00:08:10,450 earth, Titanium. Your words are actually stamped 136 00:08:10,450 --> 00:08:14,010 into this metal plate with this hammer and these letter stamps. 137 00:08:14,050 --> 00:08:16,570 And once your words are in, they aren't going anywhere. 138 00:08:16,650 --> 00:08:20,290 No risk of the plate breaking apart and pieces falling 139 00:08:20,290 --> 00:08:22,730 everywhere. Titanium stamp seeds will 140 00:08:22,730 --> 00:08:25,690 survive nearly triple the heat produced by a house fire. 141 00:08:25,690 --> 00:08:28,850 They're also crush proof, waterproof, non corrosive, and 142 00:08:28,850 --> 00:08:30,770 time proof. All things that paper is. 143 00:08:30,890 --> 00:08:34,330 Not allowing you to huddle your Bitcoin with Peace of Mind for 144 00:08:34,409 --> 00:08:37,809 the long haul. Stamp your seed on stamp seed. 145 00:08:38,850 --> 00:08:41,650 All right guys, I mean it's super freaking easy for you 146 00:08:41,650 --> 00:08:43,770 guys. All you got to do is scan the QR 147 00:08:43,770 --> 00:08:49,130 code on your right, use promo code simply and get yourself a 148 00:08:49,130 --> 00:08:54,690 Titanium Bitcoin Seed Phrase Storage Kit on stampse-ed.com. 149 00:08:55,700 --> 00:08:58,100 You want to save your Bitcoin, your generational wealth. 150 00:08:58,220 --> 00:09:00,740 You don't want to lose it 'cause you stored it on paper. 151 00:09:01,420 --> 00:09:04,540 Here we go. The price of Bitcoin at the time 152 00:09:04,540 --> 00:09:12,180 of recording is 29,565 SAT's per dollar, 3382 block height, 153 00:09:12,180 --> 00:09:18,380 813,071 blocks to halving 26,929. 154 00:09:18,780 --> 00:09:23,700 Having estimate April 21st, 2024 Total Lightning network capacity 155 00:09:23,700 --> 00:09:31,380 5369 Bitcoin capacity value 158 million U.S. dollars Realized 156 00:09:31,380 --> 00:09:35,740 monetary inflation 1.74% continuing to take Fiat 157 00:09:35,740 --> 00:09:40,100 currencies to absolute school Market Capitalization of Bitcoin 158 00:09:40,100 --> 00:09:49,310 $577 billion of the B Bitcoin versus gold market cap. 4.36% 159 00:09:50,910 --> 00:09:54,230 and the grand scheme of things. Bitcoin is still a baby. 160 00:09:54,230 --> 00:09:56,710 Now one of the things I wanted to point out, I say this every 161 00:09:56,710 --> 00:09:58,350 single day. I'm gonna continue saying it. 162 00:09:58,390 --> 00:10:01,830 Once the Bitcoin market cap reaches the market cap of gold, 163 00:10:01,830 --> 00:10:05,790 that will put it at 500K per coin anyways. 164 00:10:06,400 --> 00:10:10,680 So here's the big news. This is a video that was 165 00:10:10,840 --> 00:10:14,400 released by Opti. I mean, let's be serious for a 166 00:10:14,400 --> 00:10:16,040 SEC. Christine Lagarde, who is the 167 00:10:16,040 --> 00:10:18,240 president of the European Central Bank. 168 00:10:18,920 --> 00:10:21,600 She released this meme. Let's call it what it is, 169 00:10:21,600 --> 00:10:24,560 because this is mematic warfare on the battlegrounds of the 170 00:10:24,560 --> 00:10:26,760 Internet. Narrative Trench warfare, hand 171 00:10:26,760 --> 00:10:31,210 to hand, one meme at a time. And remember, they have the same 172 00:10:31,210 --> 00:10:34,970 capabilities as us. So just like we can post videos 173 00:10:34,970 --> 00:10:38,050 and we can post pictures, they can do that as well, right? 174 00:10:38,530 --> 00:10:45,810 So this is a form of this is like look, you can define it 175 00:10:45,810 --> 00:10:48,650 however which you like. But like, this is no different 176 00:10:48,650 --> 00:10:52,050 than if Opti stood in front of this like weird looking purple 177 00:10:52,050 --> 00:10:56,290 green screen and he just dictated you wore a suit and 178 00:10:56,290 --> 00:11:00,380 dictated you a message, right? So like, it's no different. 179 00:11:00,380 --> 00:11:03,460 Like you could say, Oh no, but this is the president of the 180 00:11:03,460 --> 00:11:06,260 European Central Bank. You know, this is legitimate. 181 00:11:06,260 --> 00:11:09,820 You know the one of the key words in in this tweet is the 182 00:11:09,820 --> 00:11:12,300 euro is key to our European unity. 183 00:11:12,660 --> 00:11:16,780 A digital euro exists alongside cash with future proof, our 184 00:11:16,780 --> 00:11:19,340 currency. It would be safe, easy to use 185 00:11:19,380 --> 00:11:22,260 and free of charge. While the decision whether to 186 00:11:22,260 --> 00:11:26,180 issue a digital euro will be taken later, we're now launching 187 00:11:26,180 --> 00:11:30,550 the preparation phase. Right, which is very similar to 188 00:11:30,550 --> 00:11:33,430 what they did in the United States. 189 00:11:34,190 --> 00:11:38,110 They launched the Fed Now program, which in my opinion is 190 00:11:38,110 --> 00:11:40,790 the first iteration of an American central bank digital 191 00:11:40,790 --> 00:11:42,590 currency. They launched it about a month 192 00:11:42,590 --> 00:11:47,630 after they denied Caitlin Long's federal banking charter 193 00:11:49,270 --> 00:11:52,990 coincidences, right. And again. 194 00:11:53,420 --> 00:11:57,820 To launch ACBDC in the United States, they would need full 195 00:11:57,820 --> 00:12:03,140 approval from Congress. Now, I'm not the only one who's 196 00:12:03,140 --> 00:12:06,060 skeptical. The governor of Florida passed a 197 00:12:06,100 --> 00:12:10,900 law explicitly forbidding central bank digital currencies 198 00:12:10,900 --> 00:12:16,060 in Florida as a preemptive measure, and he's made the claim 199 00:12:16,300 --> 00:12:18,700 He's He said the quiet part out loud. 200 00:12:18,700 --> 00:12:21,620 It's not me, the governor of Florida, state CBD CS. 201 00:12:22,040 --> 00:12:24,000 Are surveillance. They're they're for 202 00:12:24,000 --> 00:12:26,840 surveillance. They're for surveillance and 203 00:12:26,840 --> 00:12:29,120 control. This isn't bitcoiners saying 204 00:12:29,120 --> 00:12:32,720 this. These are real people and real 205 00:12:32,720 --> 00:12:36,960 positions of authority and power that have been elected, right? 206 00:12:37,640 --> 00:12:42,920 So this is. I watched it for the first time 207 00:12:42,920 --> 00:12:45,400 yesterday on Simply Sessions and. 208 00:12:46,610 --> 00:12:49,170 It's a lot more dystopian that you would think. 209 00:12:49,370 --> 00:12:52,810 There's a lot of aggressivity in the way that she says it. 210 00:12:53,410 --> 00:12:57,130 And it's like very 1984 ish, like, you know, And again, it 211 00:12:57,130 --> 00:13:01,170 all comes with the guise of like, look guys, this is, this 212 00:13:01,170 --> 00:13:03,730 is democratic. We're doing this with 213 00:13:03,730 --> 00:13:07,330 legislative authority. You're going to have a choice to 214 00:13:07,330 --> 00:13:10,490 use cash or the CBDC. We're not going to get rid of 215 00:13:10,490 --> 00:13:13,050 cash. But what if you don't want to 216 00:13:13,050 --> 00:13:15,930 use either, right? What if you don't want to use? 217 00:13:16,720 --> 00:13:19,320 A CBDC or cash? What if you just want to use a 218 00:13:19,320 --> 00:13:22,120 better money and that better money is Bitcoin? 219 00:13:22,320 --> 00:13:29,320 What about that, right? Because I don't believe that if 220 00:13:29,320 --> 00:13:34,200 there would be a fair competition between a CBDC and 221 00:13:34,200 --> 00:13:36,520 Bitcoin if you put them side by side. 222 00:13:37,360 --> 00:13:39,800 Let's compare the two things right? 223 00:13:40,560 --> 00:13:42,810 1. Is gonna be censored and 224 00:13:42,810 --> 00:13:44,850 controlled as much as they say. They won't do that. 225 00:13:44,850 --> 00:13:47,530 History has shown they will look at the remember the Canadian 226 00:13:47,530 --> 00:13:50,370 truckers protest and they're gonna wanna debase it and 227 00:13:50,370 --> 00:13:56,690 inflate it right then. Also not to mention the fact 228 00:13:56,770 --> 00:14:00,810 that if you compare that to Bitcoin, it's censorship 229 00:14:00,810 --> 00:14:06,810 resistant and there's a cap supply, so over time. 230 00:14:07,290 --> 00:14:09,730 Where do you think people are going to go to if they had a 231 00:14:09,730 --> 00:14:12,810 choice between the two systems? Where are they going to flow? 232 00:14:13,410 --> 00:14:15,970 And they're going to flow in One Direction, right. 233 00:14:16,210 --> 00:14:18,690 It's just better money. Sounder money. 234 00:14:19,050 --> 00:14:22,130 Right. So but if government like common 235 00:14:22,130 --> 00:14:24,330 sense. But if governments benefit 236 00:14:24,330 --> 00:14:28,490 tremendously from having the power of being able to create 237 00:14:28,490 --> 00:14:32,210 money for free that everyone else has to work for, what do 238 00:14:32,210 --> 00:14:34,130 you think they're going to try to do? 239 00:14:34,570 --> 00:14:40,750 Which is why I named. The video today what I named it 240 00:14:41,190 --> 00:14:43,630 right? Anyways, I'm going to play you 241 00:14:43,630 --> 00:14:49,030 guys the video and then there's an article that I want to show 242 00:14:49,030 --> 00:14:52,430 you guys as well, specifically referring to what Christine 243 00:14:52,430 --> 00:14:55,470 Lagarde called Bitcoin. Anyways, let's check out the 244 00:14:55,470 --> 00:14:59,030 video. The digital euro is on the move. 245 00:14:59,830 --> 00:15:04,630 Yesterday, the Governing Council of the ECB approved the opening 246 00:15:04,630 --> 00:15:10,140 of the preparation phase. It will be a journey and we will 247 00:15:10,140 --> 00:15:12,860 walk the journey together with the legislator. 248 00:15:14,100 --> 00:15:17,820 All European institutions will be involved to make sure that 249 00:15:17,820 --> 00:15:21,900 Europe is equipped with the currency of the future. 250 00:15:23,380 --> 00:15:29,140 Cash is here to stay. You will have all options, cash 251 00:15:29,500 --> 00:15:33,540 and digital cash. So what does it mean for you, 252 00:15:34,700 --> 00:15:38,720 for consumers? It would be free and easy to use 253 00:15:39,080 --> 00:15:43,400 everywhere in the euro area. All of that, of course, is 254 00:15:43,400 --> 00:15:45,560 subject to the legislative process. 255 00:15:47,040 --> 00:15:52,320 Cash or digital, the choice will be yours, you euro. 256 00:15:52,960 --> 00:15:57,040 Your choice. My Bitcoin, my choice. 257 00:15:57,120 --> 00:16:01,320 That's what I got to say. And if I I really want to use 258 00:16:01,320 --> 00:16:04,000 the B word like is, that would have emphasized it. 259 00:16:04,440 --> 00:16:13,360 My, my, my Bitcoin. My choice B. 260 00:16:14,400 --> 00:16:19,080 Anyways, moving on. OK, So what has Christine 261 00:16:19,080 --> 00:16:21,400 Lagarde said in the past about Bitcoin? 262 00:16:21,440 --> 00:16:24,400 This is a very famous video that was was going around. 263 00:16:26,120 --> 00:16:32,320 I actually found the exact exact quote European regulators and 264 00:16:32,320 --> 00:16:33,960 the IMF in tune. Oh. 265 00:16:34,390 --> 00:16:36,270 A coincident like what a coincidence, right? 266 00:16:36,270 --> 00:16:39,030 It's the same IMF that criticized El Salvador, the same 267 00:16:39,030 --> 00:16:42,910 IMF that gave Argentina another bailout. 268 00:16:42,910 --> 00:16:45,910 But part of that bailout came with the condition that they had 269 00:16:45,910 --> 00:16:49,590 to de incentivize the adoption of Bitcoin within the country, 270 00:16:49,590 --> 00:16:53,710 even though the country, you know, is suffering from 100% 271 00:16:53,710 --> 00:16:55,950 inflation. That IMF, So it makes sense 272 00:16:56,790 --> 00:16:58,590 anyways, it goes on to say, according to Lagarde. 273 00:16:59,050 --> 00:17:03,410 Bitcoin represents a risk whose regulation must get applied on a 274 00:17:03,410 --> 00:17:07,849 global scale. Otherwise it could serve as an 275 00:17:07,849 --> 00:17:11,329 escape valve. If you still don't believe me, 276 00:17:11,450 --> 00:17:13,810 here is a video Walker of America shout out. 277 00:17:13,810 --> 00:17:17,050 Check out his his new podcast. I think it's called The Bitcoin 278 00:17:17,050 --> 00:17:21,650 Podcast. And you know, he replied to 279 00:17:22,650 --> 00:17:24,369 Christine Lagarde. Right. 280 00:17:24,810 --> 00:17:27,410 I love how it already got kind of community noted. 281 00:17:28,040 --> 00:17:29,480 That's that's absolutely hilarious. 282 00:17:29,680 --> 00:17:33,600 Wait, the E the EDBP argues that the digital euro faces several 283 00:17:33,600 --> 00:17:37,120 hurdles, such as shaky privacy and anonymity safeguards, 284 00:17:37,120 --> 00:17:40,400 possibly limiting choice, accelerating cash displacement, 285 00:17:40,400 --> 00:17:42,080 allowing spending? Tracking. 286 00:17:42,360 --> 00:17:45,120 The digital euro doesn't offer clear benefits, but has many 287 00:17:45,200 --> 00:17:49,720 risks, so even their own freaking thing got community 288 00:17:49,720 --> 00:17:51,680 noted. Anyways, that's hilarious, OK? 289 00:17:52,460 --> 00:17:57,540 Moving on, here is Walker America responding to Christine 290 00:17:57,540 --> 00:17:59,060 Lagarde. This is why, guys, this is what 291 00:17:59,060 --> 00:18:01,540 I I I emphasize this in the beginning of the show. 292 00:18:01,740 --> 00:18:04,180 This is narrative trench warfare on the battlegrounds of the 293 00:18:04,180 --> 00:18:05,820 Internet. You're winning over the hearts 294 00:18:05,820 --> 00:18:08,780 and minds of people. We must win the race to avoid 295 00:18:08,780 --> 00:18:10,820 the war. We must win the adoption race. 296 00:18:11,500 --> 00:18:15,180 Anyways, all they have is lies and misrepresentations. 297 00:18:15,460 --> 00:18:19,580 All we have to do is shine truth and expose hypocrisy. 298 00:18:19,620 --> 00:18:24,040 That's it anyways. So, Walker said. 299 00:18:24,040 --> 00:18:27,600 For anyone curious about what a CBDC will actually mean for you, 300 00:18:28,200 --> 00:18:31,200 here's the straight truth from the horse's mouths. 301 00:18:31,680 --> 00:18:34,480 You think about the benefits of digital money. 302 00:18:34,720 --> 00:18:38,600 There are huge potential gains. It's not just about digital 303 00:18:38,600 --> 00:18:41,400 forms of physical currency. You can have programmability. 304 00:18:41,680 --> 00:18:45,120 You know units of central bank currency with expiry dates. 305 00:18:45,570 --> 00:18:48,970 You could have, as I argue in my book, a potentially better. 306 00:18:48,970 --> 00:18:52,050 And yeah, some people might see there a darker world where the 307 00:18:52,050 --> 00:18:55,610 government decides that UNICEF central bank money can be used 308 00:18:55,610 --> 00:18:59,090 to purchase some things but not other things that it deems less 309 00:18:59,090 --> 00:19:02,770 desirable, like say ammunition or drugs or pornography or 310 00:19:02,770 --> 00:19:05,930 something of the sort. And that is very powerful in 311 00:19:05,930 --> 00:19:10,210 terms of the use of a CBDC. We are proposing that we would 312 00:19:10,210 --> 00:19:17,010 give a secure. Efficient, inclusive access to 313 00:19:17,010 --> 00:19:21,530 digital payments to all citizens and this way we would protect 314 00:19:21,730 --> 00:19:25,250 their freedom to pay. Now we have in Europe this 315 00:19:25,650 --> 00:19:29,730 threshold above €1000. You cannot pay cash. 316 00:19:30,250 --> 00:19:32,170 If you do, you're on the Gray market. 317 00:19:32,330 --> 00:19:38,010 We want to complement cash. We want to expand the capacity 318 00:19:38,290 --> 00:19:43,050 of European consumers to pay with sovereign money. 319 00:19:43,550 --> 00:19:48,110 That you take your risk, you get caught, you don't find, or you 320 00:19:48,110 --> 00:19:50,150 go in jail. That's right, ladies and 321 00:19:50,150 --> 00:19:54,590 gentlemen, if you spend more than €1000 in Europe, you are 322 00:19:54,590 --> 00:19:57,830 part of the Gray market and you will go to jail. 323 00:19:57,830 --> 00:20:00,750 But at the same time they're literally saying that it's going 324 00:20:00,750 --> 00:20:04,470 to be inclusive and secure. They also mentioned that it's 325 00:20:04,470 --> 00:20:08,910 going to give the this is coming from their mouths, not ours that 326 00:20:08,910 --> 00:20:11,940 it's going to allow. Expiration date. 327 00:20:11,940 --> 00:20:15,460 So inflation is not enough, Ladies and gentlemen, your money 328 00:20:15,460 --> 00:20:19,220 has to expire as well. Not to mention the controls, 329 00:20:19,220 --> 00:20:21,020 right? And of course they always 330 00:20:21,020 --> 00:20:26,260 mention, you know, the drugs, the terrorism, you know, all 331 00:20:26,260 --> 00:20:31,260 that, all that bad stuff, right? The the, the, the stuff that you 332 00:20:31,260 --> 00:20:36,180 can make an argument as to why. OK, you know, maybe that 333 00:20:36,180 --> 00:20:38,660 shouldn't be legal and whatnot. And of course that's a whole 334 00:20:38,660 --> 00:20:42,550 other debate. But that, in my opinion is used 335 00:20:42,550 --> 00:20:46,990 as a straw man because as the Canadian Truckers protest has 336 00:20:46,990 --> 00:20:53,350 shown, they have censored money for political reasons as well. 337 00:20:53,350 --> 00:20:55,830 This has also happened in the United States. 338 00:20:57,230 --> 00:21:02,990 So what bitcoiners have concluded is no one should have 339 00:21:02,990 --> 00:21:06,470 the ability to create money for free that another human being 340 00:21:06,470 --> 00:21:10,410 has, else has to work for. And no human being should have 341 00:21:10,410 --> 00:21:14,170 the right to censor another human being. 342 00:21:15,690 --> 00:21:20,330 And that is in stark contrast to what central bank digital 343 00:21:20,330 --> 00:21:23,770 currencies will allow governments to do. 344 00:21:24,770 --> 00:21:32,330 This is a a, you know, a a a a political commentator. 345 00:21:32,330 --> 00:21:34,970 I think you could call her an activist from the Netherlands. 346 00:21:34,970 --> 00:21:37,970 She's been on Tucker Carlson and she lives in Europe. 347 00:21:38,010 --> 00:21:40,010 So, like, obviously she has a lot more at stake. 348 00:21:40,610 --> 00:21:42,690 She says the digital euro is upon us. 349 00:21:43,770 --> 00:21:47,250 She quoted Lagarde's words. It'll be a journey, quote, 350 00:21:47,570 --> 00:21:51,370 straight to a totalitarian hell in which we will decide what you 351 00:21:51,370 --> 00:21:54,330 may and may not spend your money on. 352 00:21:54,690 --> 00:21:57,450 She left out, and I completely agree. 353 00:21:57,970 --> 00:22:01,810 Now this is predictable. Why is this predictable? 354 00:22:02,130 --> 00:22:14,830 Well, I love the the thought logic that the authors use to 355 00:22:14,830 --> 00:22:16,870 write this book. The sovereign individual, right? 356 00:22:16,870 --> 00:22:19,750 They all kind of centered it around the theory of violence, 357 00:22:20,630 --> 00:22:22,310 right? It's a lot easier to steal 358 00:22:22,310 --> 00:22:26,270 something from someone else than it is to make it right. 359 00:22:28,710 --> 00:22:33,150 And using that theory they base this book and they they base 360 00:22:33,150 --> 00:22:35,820 these predictions. Some of them turned out to be 361 00:22:35,820 --> 00:22:38,740 wrong, but I think they really hit the nail on the head in 362 00:22:38,740 --> 00:22:45,660 terms of predicting the rise of Bitcoin and what the 363 00:22:45,660 --> 00:22:49,860 implications of the rise of a non state money of which 364 00:22:49,860 --> 00:22:53,260 governments cannot shut down therefore they're forced to 365 00:22:53,260 --> 00:22:56,380 compete with. And what the reaction from 366 00:22:56,380 --> 00:23:02,390 governments would be because they would be losing their 367 00:23:02,390 --> 00:23:05,270 privilege of creating and controlling money. 368 00:23:07,070 --> 00:23:09,390 So I think they hit the nail on the head and I've read, we've 369 00:23:09,390 --> 00:23:12,230 read you guys this passage so many times, but I think it's 370 00:23:12,230 --> 00:23:15,790 very applicable here. This new technologies will allow 371 00:23:15,790 --> 00:23:18,670 the holders of wealth to bypass the national monopolies that 372 00:23:18,670 --> 00:23:21,150 have issued and regulated money in the modern period. 373 00:23:21,910 --> 00:23:24,310 Their importance for controlling the world's wealth will be 374 00:23:24,310 --> 00:23:27,510 transcended by mathematical algorithms that have no physical 375 00:23:27,510 --> 00:23:31,530 existence In the new Millennium. Cyber money controlled by 376 00:23:31,530 --> 00:23:34,450 private markets will supersede Fiat money issued by 377 00:23:34,450 --> 00:23:37,530 governments. Only the poor will be victims of 378 00:23:37,530 --> 00:23:41,010 inflation and ensuring collapses into deflation that are 379 00:23:41,010 --> 00:23:44,090 consequences of the artificial leverage which Fiat money 380 00:23:44,090 --> 00:23:48,050 injects into the economy. Lacking their accustomed scope 381 00:23:48,050 --> 00:23:51,450 to tax and inflate, governments, even in traditionally civil 382 00:23:51,450 --> 00:23:56,500 countries, will turn nasty. Businesses that offer services 383 00:23:56,500 --> 00:23:59,740 that facilitate the realization of autonomy by individuals will 384 00:23:59,740 --> 00:24:03,580 be the subject to infiltration, sabotage and disruption. 385 00:24:04,500 --> 00:24:07,340 Arbitrary forfeiture of property, already commonplace in 386 00:24:07,340 --> 00:24:10,860 the United States where it occurs 5000 times a week, will 387 00:24:10,860 --> 00:24:14,620 become even more pervasive. Governments will violate human 388 00:24:14,620 --> 00:24:18,740 rights, censor the free flow of information, sabotage, useful 389 00:24:18,740 --> 00:24:22,900 technologies, and worse. And that, ladies and gentlemen, 390 00:24:23,020 --> 00:24:28,270 is why I said in the title, I believe that Europe will try to 391 00:24:28,270 --> 00:24:31,670 ban Bitcoin if we don't win the race to avoid the war. 392 00:24:32,510 --> 00:24:34,590 I'll read. I'll read you the first passage 393 00:24:34,590 --> 00:24:37,350 from Corey's piece. You can find it on swan.com. 394 00:24:38,470 --> 00:24:42,030 We Bitcoiners are in the race, perhaps the most important race 395 00:24:42,030 --> 00:24:44,150 we'll ever run. We're racing. 396 00:24:44,150 --> 00:24:47,150 It's time to drive the adoption of Bitcoin as fast as we can. 397 00:24:47,920 --> 00:24:50,880 You're racing toward a future in which the US government never 398 00:24:50,880 --> 00:24:54,360 coordinates a concerted attack against Bitcoin and bitcoiners. 399 00:24:54,920 --> 00:24:58,720 This is a race to avoid the war. How do we win this race? 400 00:24:58,920 --> 00:25:01,040 We need an intransigent minority. 401 00:25:01,160 --> 00:25:04,560 We need a percentage of the population that become 402 00:25:04,560 --> 00:25:08,120 bitcoiners, that are hardcore bitcoiners that become 403 00:25:08,160 --> 00:25:13,000 immovable. On that subject, it the example 404 00:25:13,000 --> 00:25:18,200 that I would give to you guys is anytime they try to pass gun 405 00:25:18,200 --> 00:25:23,240 laws in the United States, it's almost impossible. 406 00:25:23,360 --> 00:25:26,600 Why? Because a large percentage of 407 00:25:26,600 --> 00:25:31,080 the American public own guns. So even as much as the 408 00:25:31,080 --> 00:25:34,040 government, it's like, no, I don't like that. 409 00:25:34,080 --> 00:25:37,360 You know, citizens and individuals own guns. 410 00:25:39,760 --> 00:25:42,760 It's very difficult for them to pass a law against it. 411 00:25:46,440 --> 00:25:50,480 Now Europe is a little bit harder because I think their 412 00:25:50,480 --> 00:25:53,000 government is so centralized. But at least in the United 413 00:25:53,000 --> 00:25:56,440 States, you know, there's there's somewhat more 414 00:25:56,440 --> 00:25:59,480 sovereignty with the individual States and how the individual 415 00:25:59,480 --> 00:26:01,840 states could legislate differently. 416 00:26:02,760 --> 00:26:07,120 So even God forbid there's a federal Bitcoin ban, which at 417 00:26:07,120 --> 00:26:10,400 this point, you know, with the adoption of the the the rate of 418 00:26:10,400 --> 00:26:13,360 adoption, I I think it's unlikely, but you never know the 419 00:26:13,360 --> 00:26:16,420 future. I, I, you know, I think that 420 00:26:16,420 --> 00:26:19,060 there's a, there's a high probability that Bitcoin would 421 00:26:19,060 --> 00:26:23,100 go the way of the marijuana industry where even though on a 422 00:26:23,100 --> 00:26:28,060 federal level marijuana is illegal on a state level, 423 00:26:28,340 --> 00:26:32,260 California, Colorado, I think Washington state, Oregon, 424 00:26:33,260 --> 00:26:35,340 numerous other states that I can't name off the top of my 425 00:26:35,340 --> 00:26:37,300 head. It's legal on a state level. 426 00:26:38,500 --> 00:26:44,700 So I think in the US like they're effed, but in places 427 00:26:45,430 --> 00:26:50,790 like Europe, right, where you know where it's much more 428 00:26:50,790 --> 00:26:56,910 centralized government, I mean that could be a lot harder for 429 00:26:56,910 --> 00:27:00,830 sure 100%. So yeah, you know you could say 430 00:27:00,830 --> 00:27:03,150 whatever you want about the title, but I truly believe it 431 00:27:03,230 --> 00:27:06,630 and I I really mean it in the sense that this is a call to 432 00:27:06,630 --> 00:27:10,630 action, right. This is take agency, right, 433 00:27:10,910 --> 00:27:14,340 Orange pill. The people around you get them 434 00:27:14,340 --> 00:27:18,340 to understand that it's not red versus blue, it's green versus 435 00:27:18,340 --> 00:27:19,980 orange. The party of central bank 436 00:27:19,980 --> 00:27:24,380 digital currencies versus the party of Bitcoin, the party of 437 00:27:24,820 --> 00:27:29,060 the party of Bitcoin, the party of peace, prosperity, 438 00:27:29,860 --> 00:27:33,940 opportunity, optimism. So what side do you want to be 439 00:27:33,940 --> 00:27:35,300 on? That's the question that I have 440 00:27:35,300 --> 00:27:38,580 for you guys. So yeah, this is. 441 00:27:39,720 --> 00:27:41,160 And you know, I think Corey hit the nail on the head. 442 00:27:41,160 --> 00:27:42,560 This is the race to avoid the war. 443 00:27:42,560 --> 00:27:44,160 That's that's what I got to say about that. 444 00:27:44,640 --> 00:27:48,680 And my question to you, Opti is like, bro, like what did you do 445 00:27:48,680 --> 00:27:53,280 to this woman, man? Like, God damn, she like, she is 446 00:27:53,280 --> 00:27:55,720 so vengeful. Like, why did you? 447 00:27:56,080 --> 00:27:59,360 Like. I think Opti is solely 448 00:27:59,360 --> 00:28:04,520 responsible for the creation of central bank digital currencies 449 00:28:04,520 --> 00:28:08,000 because of how poorly he treated Augustine, Janet Yellen and 450 00:28:08,000 --> 00:28:10,790 Christy Lagarde. You broke their hearts and look 451 00:28:10,790 --> 00:28:13,510 at where we are, Opti. Look at what you did, man. 452 00:28:14,030 --> 00:28:16,430 Well. You know, as the saying goes, 453 00:28:17,270 --> 00:28:21,230 good intentions are what paved the road to hell or whatever. 454 00:28:21,230 --> 00:28:24,750 You know, I tried, I tried. You know, I did my best, guys. 455 00:28:25,110 --> 00:28:27,030 Nah, we're trolling. We're obviously trolling. 456 00:28:27,030 --> 00:28:31,590 But anyways, back to this video and and then I'll maybe do some 457 00:28:31,590 --> 00:28:34,990 justice to Nico Jones rants. First and foremost, this is the 458 00:28:34,990 --> 00:28:38,630 power of memes guys like. Everything is memes. 459 00:28:38,630 --> 00:28:40,790 It's memes, all the ways, all the way down. 460 00:28:40,790 --> 00:28:43,430 You know, like Christy Lagarde's clean production reading from 461 00:28:43,430 --> 00:28:45,230 the teleprompter. Like it. 462 00:28:45,230 --> 00:28:47,470 It's all memes. And then Nico always says it. 463 00:28:47,750 --> 00:28:50,110 I think best was saying like, they're coming to our 464 00:28:50,110 --> 00:28:53,990 battlefield and we are the ones in control of the truth, of the 465 00:28:53,990 --> 00:28:58,070 narratives, of the mimetic warfare that is going on, the 466 00:28:58,070 --> 00:29:01,070 guerrilla war that is the mimetic land field. 467 00:29:02,310 --> 00:29:04,510 And it's just beautiful to see them try to come. 468 00:29:04,920 --> 00:29:08,640 To our arena, you know try to battle with us in memes and of 469 00:29:08,640 --> 00:29:12,040 course, you know they they are never able to because they don't 470 00:29:12,040 --> 00:29:14,160 have the truth on their side and memes are powerful because they 471 00:29:14,160 --> 00:29:15,440 have the truth. Anyways. 472 00:29:16,040 --> 00:29:18,320 To some of the things that she was saying, you know, cash is 473 00:29:18,320 --> 00:29:20,120 digital. They're obviously here to 474 00:29:20,120 --> 00:29:23,000 maintain control. It seemed like an announcement 475 00:29:23,000 --> 00:29:26,840 of an announcement of a CBDC that I I kind of find that 476 00:29:26,840 --> 00:29:31,400 hilarious to be honest. And remember the article, I 477 00:29:31,400 --> 00:29:32,920 forget which one it is Nico, but. 478 00:29:33,210 --> 00:29:35,570 It it was coming out of the US how they were talking about the 479 00:29:35,570 --> 00:29:38,530 future of digital payments, the future of digital currencies, 480 00:29:38,810 --> 00:29:40,250 and they never mentioned Bitcoin. 481 00:29:40,250 --> 00:29:44,690 And here we are, ECB President Chrissy Lagarde, saying CBD CS 482 00:29:44,690 --> 00:29:46,850 is the currency of the future. Like, no, it's not. 483 00:29:46,850 --> 00:29:49,490 It's going to be Bitcoin. It's it's obvious that it's 484 00:29:49,490 --> 00:29:51,730 going to be Bitcoin if you're following this closely. 485 00:29:51,930 --> 00:29:54,610 Again, they wouldn't be doing this stuff if Bitcoin wasn't 486 00:29:54,610 --> 00:29:56,610 winning so hard. Like they wouldn't have ever 487 00:29:56,610 --> 00:29:59,650 even tried to roll out of CBDC if everyone was OK with the 488 00:29:59,650 --> 00:30:02,950 traditional Fiat. Digital payments that that we 489 00:30:02,950 --> 00:30:05,630 were working with or the Fiat currencies because we all know, 490 00:30:05,750 --> 00:30:10,430 you know, your dollar, the euro, it's all digital already, but 491 00:30:10,430 --> 00:30:13,270 really Bitcoin is going to be the digital cash. 492 00:30:13,270 --> 00:30:15,950 Bitcoin is that digital cash. Bitcoin is that peer-to-peer 493 00:30:15,950 --> 00:30:18,830 digital payment system, as it says in the white paper. 494 00:30:19,710 --> 00:30:21,680 And. You know, she said something 495 00:30:21,680 --> 00:30:25,360 that I find very hilarious and also very, you know, very 496 00:30:25,360 --> 00:30:26,840 telling. She said the choice will be 497 00:30:26,840 --> 00:30:30,400 yours and yes, it will be like and I choose Bitcoin. 498 00:30:30,400 --> 00:30:34,160 The the there is a choice here and it's not the the binary 499 00:30:34,320 --> 00:30:37,560 dichotomy that they are, they're they're showing in your face. 500 00:30:37,560 --> 00:30:41,840 You know, it's not between digital cash and the CBDC system 501 00:30:41,840 --> 00:30:45,400 or cash in its physical form or a digital version of it. 502 00:30:45,400 --> 00:30:49,040 It's basically the Fiat parasitic classes. 503 00:30:49,040 --> 00:30:50,960 Money. And Bitcoin. 504 00:30:51,320 --> 00:30:53,520 And remember what CBDC stands for, guys. 505 00:30:53,520 --> 00:30:55,400 I'm going to continue to harp on this meme. 506 00:30:55,400 --> 00:30:57,440 It doesn't stand for central bank digital currency. 507 00:30:57,440 --> 00:30:59,240 It stands for central bank digital control. 508 00:30:59,480 --> 00:31:01,680 This is what it's all about. It's all about control. 509 00:31:01,840 --> 00:31:04,160 They even said it themselves. You know, programmable money. 510 00:31:04,400 --> 00:31:10,040 They want to be able to, with surgical precision, control your 511 00:31:10,040 --> 00:31:13,160 your money, your savings. They want expiry dates on your 512 00:31:13,160 --> 00:31:15,200 savings. Like, what kind of ridiculous 513 00:31:15,200 --> 00:31:16,360 stuff is this? Where? 514 00:31:17,160 --> 00:31:20,200 You can't even save your money. Did you see the Did you see how 515 00:31:20,200 --> 00:31:22,720 giddy he got when he was talking about those things? 516 00:31:22,920 --> 00:31:24,520 Like he was so happy. It's. 517 00:31:24,560 --> 00:31:26,240 Insane. You could tell like he was just 518 00:31:26,240 --> 00:31:33,010 like, like, like, you know, like, oh man, like this is, it's 519 00:31:33,010 --> 00:31:36,090 going to allow all these things like he was. 520 00:31:36,770 --> 00:31:39,410 So happy and so many cool, so much cool stuff. 521 00:31:39,450 --> 00:31:42,250 It really sounds like shit coin propaganda out there, dude, 522 00:31:42,250 --> 00:31:44,690 we're going to add so much cool stuff to this programmable 523 00:31:44,690 --> 00:31:47,730 money. Most of it is, you know, control 524 00:31:47,730 --> 00:31:51,330 and expiry dates on your money, so you can't save it, you know? 525 00:31:51,330 --> 00:31:53,690 Don't be a hoarder, guys. Like, that's bad for the 526 00:31:53,690 --> 00:31:56,210 economy. We want to incentivize you to 527 00:31:56,210 --> 00:31:58,370 spend your money and it's like, what? 528 00:31:58,490 --> 00:32:00,730 Like. It's literally just doubling 529 00:32:00,730 --> 00:32:04,210 down on you will own nothing and be happy, and now you will have 530 00:32:04,730 --> 00:32:07,770 digital incentives from the government to spend your money. 531 00:32:07,770 --> 00:32:09,330 It's like this is absolute madness. 532 00:32:09,330 --> 00:32:11,330 This is crazy. This is literally also 533 00:32:11,330 --> 00:32:13,930 destroying one of the one of the main properties of money. 534 00:32:14,270 --> 00:32:17,470 It's being able to store your value, like do these people, and 535 00:32:17,470 --> 00:32:20,070 they're economists too. Like these are the smart people 536 00:32:20,070 --> 00:32:22,990 in control of the economy, and they don't even understand the 537 00:32:22,990 --> 00:32:26,030 basic premises of money. You need to store your money. 538 00:32:26,030 --> 00:32:29,030 Like money needs to hold value through space and time, and 539 00:32:29,030 --> 00:32:30,950 they're trying to incentivize you to spend it more. 540 00:32:30,950 --> 00:32:34,910 It's like, this is absolutely ludicrous clown world stuff, but 541 00:32:34,910 --> 00:32:37,900 on the flip side. I think we can argue that this 542 00:32:37,900 --> 00:32:41,060 is just absolutely bullish. Like they are accelerating as 543 00:32:41,060 --> 00:32:43,900 they are losing control. You know this is so bullish 544 00:32:43,900 --> 00:32:48,020 because opt out of this madness, you don't have to choose between 545 00:32:48,020 --> 00:32:51,500 their binary choices, like literally turn the chess board 546 00:32:51,500 --> 00:32:55,180 over, opt into Bitcoin. You don't need their permission. 547 00:32:55,180 --> 00:32:58,220 You you have a choice. It is Bitcoin or slavery. 548 00:32:58,220 --> 00:33:01,620 And even their propaganda is saying this in, you know, like 549 00:33:01,620 --> 00:33:03,100 they're saying the quiet part out loud. 550 00:33:03,530 --> 00:33:07,250 Like it's Bitcoin or slavery. But of course you know to the 551 00:33:07,250 --> 00:33:10,010 title of this, yes, they will probably try. 552 00:33:10,250 --> 00:33:12,290 I've been saying it all week. I've been saying it for months 553 00:33:12,290 --> 00:33:14,370 now. A direct attack on Bitcoin right 554 00:33:14,370 --> 00:33:17,930 now is bad PR because it just proved why you need Bitcoin in 555 00:33:17,930 --> 00:33:20,570 the 1st place. So of course can't ban Bitcoin, 556 00:33:20,570 --> 00:33:22,130 you can only ban yourself from Bitcoin. 557 00:33:22,370 --> 00:33:25,570 So you know Chrissy Lagarde, have fun staying poor, but you 558 00:33:25,570 --> 00:33:28,730 the citizen out there don't have to have fun staying poor. 559 00:33:28,810 --> 00:33:31,330 You have a choice. Opt out of this. 560 00:33:31,330 --> 00:33:34,850 You need to save something that is completely outside of their 561 00:33:34,850 --> 00:33:37,290 control, which of course is Bitcoin. 562 00:33:37,610 --> 00:33:40,210 It is a parallel system that they cannot control, that they 563 00:33:40,210 --> 00:33:43,090 cannot debase. Like it's so simple that we 564 00:33:43,090 --> 00:33:46,090 always have to beat the fundamentals back into 565 00:33:46,450 --> 00:33:49,530 everyone's brains out there. Because it's all about the 566 00:33:49,530 --> 00:33:50,810 money. Metaphorically, of course. 567 00:33:50,810 --> 00:33:52,730 Of course it's all about the money. 568 00:33:52,730 --> 00:33:55,490 It will always be about the money until you take away the 569 00:33:55,490 --> 00:33:58,250 money printer from them. We're going to be doing this for 570 00:33:58,250 --> 00:34:01,730 a long time until people wake up and stop trusting these people. 571 00:34:02,050 --> 00:34:06,970 Then we're going to constantly have to be in the trenches, in 572 00:34:06,970 --> 00:34:10,449 the information war, in the mimetic guerrilla war, and just 573 00:34:10,449 --> 00:34:12,929 dropping that hot fire and making sure we're planting them 574 00:34:12,929 --> 00:34:16,570 seeds of freedom into everyone we know and and we're winning. 575 00:34:16,570 --> 00:34:17,650 We're winning. We're winning. 576 00:34:18,409 --> 00:34:22,850 Do you guys just realize that the New York Times got their 577 00:34:22,850 --> 00:34:27,100 blue check removed when they tried to communicate community 578 00:34:27,100 --> 00:34:30,500 note Pierre Richard's video. It got taken down and the 579 00:34:30,500 --> 00:34:34,580 president of the European Central Bank just got community 580 00:34:34,580 --> 00:34:38,739 noted with the Fact Check that literally says like basically 581 00:34:38,739 --> 00:34:44,139 calling BS on her claims like. And and you know the intensity 582 00:34:44,139 --> 00:34:48,639 of that video tells me that they're scared that that that's 583 00:34:48,639 --> 00:34:51,360 what that tells me, right? That they're trying to roll this 584 00:34:51,360 --> 00:34:55,440 out as soon as humanly possible because they see the writing on 585 00:34:55,440 --> 00:34:59,240 the wall and we know whether this was a Freudian slip, 586 00:34:59,240 --> 00:35:01,640 whether she meant to say this on purpose or not. 587 00:35:01,840 --> 00:35:04,840 We know how they feel, right. She literally said it. 588 00:35:04,840 --> 00:35:07,440 She's like this is an escape valve, right? 589 00:35:07,440 --> 00:35:10,440 Escape from what exactly, Right. It's never talked about. 590 00:35:10,880 --> 00:35:13,920 Anyways guys, I want to give a shout out to our sponsor. 591 00:35:13,920 --> 00:35:18,280 Bitcoin 2024 is going to be the largest Bitcoin conference on 592 00:35:18,280 --> 00:35:19,640 planet Earth. You definitely don't want to 593 00:35:19,640 --> 00:35:21,000 miss it. It's going to be in Nashville, 594 00:35:21,000 --> 00:35:22,320 TN. 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And for a whale pass, it's 4749. 600 00:35:40,350 --> 00:35:42,470 Opti and I are going to be a Bitcoin 2024. 601 00:35:42,470 --> 00:35:44,670 It's going to be an awesome Bitcoin celebration. 602 00:35:44,950 --> 00:35:48,350 Nashville's an amazing city, definitely don't want to miss 603 00:35:48,350 --> 00:35:52,430 it, and you can use promo code simply to get your to get 604 00:35:52,430 --> 00:35:56,510 yourself a 10% discount on the already discount tickets. 605 00:35:56,750 --> 00:35:58,590 All right, everybody, let's move on to the news. 606 00:36:03,310 --> 00:36:08,150 The Daily News I want to give a shout out to our sponsor, 607 00:36:08,150 --> 00:36:11,680 Foundation Devices. It's self custody done right. 608 00:36:11,680 --> 00:36:15,280 They built a premium grade hardware wallet called Passport 609 00:36:15,480 --> 00:36:18,320 right here in the US. It's fully open source and 610 00:36:18,320 --> 00:36:21,000 verifiable. It's the most intuitive Bitcoin 611 00:36:21,000 --> 00:36:24,880 wallet designed with the UX, reminiscent of a simple feature 612 00:36:24,880 --> 00:36:27,720 phone so you will know how to navigate it and use it the 613 00:36:27,720 --> 00:36:31,040 moment you pick it up. Get your Bitcoin off exchanges 614 00:36:31,040 --> 00:36:33,760 and into your into your own hands in just a few minutes. 615 00:36:33,760 --> 00:36:36,800 Experience the Peace of Mind that comes with taking ownership 616 00:36:36,800 --> 00:36:39,800 of your own keys. After a massive sell out during 617 00:36:39,800 --> 00:36:43,800 Bitcoin Miami 2023, the passport is back in stock at 618 00:36:43,800 --> 00:36:47,520 foundationdevices.com. Bitcoin only, open source. 619 00:36:47,520 --> 00:36:51,480 Verifiable completely air gap security model, gorgeous design, 620 00:36:51,480 --> 00:36:54,800 craft, premium grade materials. If you're thinking about getting 621 00:36:54,800 --> 00:36:57,440 your Bitcoin off exchange changes, this is the one for 622 00:36:57,440 --> 00:36:59,480 you. Check out the passport link in 623 00:36:59,480 --> 00:37:01,480 the show notes below to learn more. 624 00:37:02,560 --> 00:37:05,160 All right guys, that made it super easy for you guys. 625 00:37:05,160 --> 00:37:07,560 Look, you can scan the QR code on your screen. 626 00:37:07,560 --> 00:37:09,120 It's literally floating on the screen. 627 00:37:09,120 --> 00:37:11,120 It's right there now. It's right there, right there. 628 00:37:11,480 --> 00:37:14,000 And it will take you directly to the Foundation Devices, 629 00:37:14,520 --> 00:37:17,480 Foundation Devices website, where you can get yourself a 630 00:37:18,640 --> 00:37:21,760 passport hardware wallet, not your keys, not your Bitcoin. 631 00:37:21,760 --> 00:37:24,200 Highly recommend it. It's completely open source. 632 00:37:24,280 --> 00:37:25,760 Definitely, definitely check it out. 633 00:37:26,240 --> 00:37:28,960 All right, everybody. So let's talk about what we're 634 00:37:28,960 --> 00:37:31,840 going to talk about today. But first, I want to set the 635 00:37:31,840 --> 00:37:34,800 tone with the, with the quote from Winston Churchill. 636 00:37:34,800 --> 00:37:37,400 Winston Churchill was the Prime Minister of the United Kingdom 637 00:37:37,920 --> 00:37:42,040 during World War Two. He says never let a good crisis 638 00:37:42,040 --> 00:37:44,880 go to waste. I mean, I think of that that 639 00:37:45,040 --> 00:37:50,630 that technique I think a lot of politicians have have used for a 640 00:37:50,630 --> 00:37:54,630 very, very long time. And that leads me to the latest 641 00:37:54,630 --> 00:37:57,350 of the latest from Senator Elizabeth Warren. 642 00:37:57,350 --> 00:38:01,950 The anti Bitcoin senator, right. She literally made it part of 643 00:38:01,950 --> 00:38:05,550 her campaign that she is anti Bitcoin. 644 00:38:05,550 --> 00:38:08,230 I don't know how feasible that it's gonna be in the long run, 645 00:38:08,670 --> 00:38:13,150 but in this moment in time they think it's a good idea. 646 00:38:13,630 --> 00:38:16,590 So she says US Senator Warren leads lawmakers to push 647 00:38:16,670 --> 00:38:19,870 Administration on Crypto backed terrorism. 648 00:38:20,350 --> 00:38:23,870 In a letter to top US security officials, 102 lawmakers 649 00:38:23,870 --> 00:38:26,710 demanded to know what the Treasury Department and others 650 00:38:26,710 --> 00:38:29,750 are doing to prevent the use of crypto to finance terrorism. 651 00:38:30,270 --> 00:38:33,510 Goes on to say US Senators LED more than 100 lawmakers and 652 00:38:33,510 --> 00:38:36,790 demanding top officials share their plans for heading off 653 00:38:36,790 --> 00:38:39,740 crypto finance terrorism. The bipartisan group of 654 00:38:39,740 --> 00:38:42,380 lawmakers from both the Senate and the House of Representatives 655 00:38:42,380 --> 00:38:45,700 signed a letter dated on Tuesday to National Security Advisor 656 00:38:45,900 --> 00:38:49,380 Jake Sullivan and Brian Nelson, Under Secretary for Terrorism 657 00:38:49,380 --> 00:38:52,180 and Financial Intelligence at the Department of the Treasury. 658 00:38:52,660 --> 00:38:56,300 They cited reports that crypto funds had supported Hamas in the 659 00:38:56,300 --> 00:38:59,700 months before its attack on Israel, with the group directly 660 00:38:59,700 --> 00:39:02,380 soliciting soliciting Bitcoin donations. 661 00:39:02,620 --> 00:39:05,300 Quote Given the clear and present danger posed by the 662 00:39:05,300 --> 00:39:08,710 financing of these and other militant organizations, we asked 663 00:39:08,710 --> 00:39:11,590 the administration to provide additional details on its plan 664 00:39:11,590 --> 00:39:14,230 to prevent the use of crypto for financing terrorism. 665 00:39:14,670 --> 00:39:17,830 They requested in the letter Congress and the Administration 666 00:39:17,830 --> 00:39:21,070 must take strong action to thoroughly address crypto 667 00:39:21,070 --> 00:39:24,830 illicit finance risk before it can be used to finance another 668 00:39:24,830 --> 00:39:28,430 tragedy. You know what is also used to 669 00:39:28,430 --> 00:39:32,990 finance terrorism dollars. You know what is primarily used 670 00:39:32,990 --> 00:39:37,620 to to finance terrorism dollars. Why don't they talk about 671 00:39:37,620 --> 00:39:40,260 dollars? Because they can't control it. 672 00:39:40,260 --> 00:39:44,380 And again, I'm going to reference back this quote, Never 673 00:39:44,380 --> 00:39:48,460 let a good crisis go to waste. And let's take a look at the 674 00:39:48,460 --> 00:39:53,340 bill that Senator Elizabeth Warren and senators also on the 675 00:39:53,340 --> 00:39:55,620 Republican side like Senator Graham. 676 00:39:56,460 --> 00:39:59,660 Let's take a look at the bill that they're currently tried to 677 00:39:59,660 --> 00:40:05,870 pass, currently trying to pass. Legislation to close loopholes 678 00:40:05,870 --> 00:40:08,870 and combat money laundering, ransomware attacks, sanctions, 679 00:40:08,870 --> 00:40:12,150 evasions, drug trafficking, elder fraud, and other illicit 680 00:40:12,150 --> 00:40:17,270 financial flows in crypto. So let's take a look at the 681 00:40:17,270 --> 00:40:19,150 legislation and what it's gonna require. 682 00:40:20,680 --> 00:40:25,000 Extend Bank Secrecy Act responsibilities including know 683 00:40:25,000 --> 00:40:28,960 your customer requirements to digital asset wallet providers, 684 00:40:28,960 --> 00:40:32,480 miners, validators and other network participants that may 685 00:40:32,480 --> 00:40:35,560 act to validate, secure or facilitate digital asset 686 00:40:35,560 --> 00:40:42,040 transactions. So that means that this and your 687 00:40:42,040 --> 00:40:46,400 favorite software wallet, whether it's Sparrow, Electron, 688 00:40:46,400 --> 00:40:49,400 Blue Wallet, Spectre, whatever floats your boat. 689 00:40:50,290 --> 00:40:53,650 Liz. Law would require those wallets 690 00:40:53,650 --> 00:40:57,130 to KYC you before you use them. Minors. 691 00:40:57,650 --> 00:41:00,450 I didn't even know if that's possible, which I just think 692 00:41:00,450 --> 00:41:02,290 that this is just a de facto ban. 693 00:41:02,610 --> 00:41:05,050 Validators. That's your node that you're 694 00:41:05,050 --> 00:41:07,930 running at home. I recommend the start 9 by the 695 00:41:07,930 --> 00:41:11,170 way, it's absolutely badass. And there's a discount code down 696 00:41:11,170 --> 00:41:14,370 below in the video description. Check it out anyways. 697 00:41:14,930 --> 00:41:18,450 Yeah, validators, nodes, they would have to KYC too. 698 00:41:19,170 --> 00:41:22,170 And other network participants that may act to validate, secure 699 00:41:22,170 --> 00:41:28,250 and facilitate digital asset transactions address a major gap 700 00:41:28,250 --> 00:41:32,450 with respect to quote unhosted digital wallets, right. 701 00:41:32,610 --> 00:41:37,290 So not only do they want a KYC wallets, but the unhosted 702 00:41:37,290 --> 00:41:41,010 wallets, meaning if you take self custody, there's a major 703 00:41:41,010 --> 00:41:42,490 gap. That's a problem. 704 00:41:42,490 --> 00:41:45,810 They don't want people taking self custody of wealth. 705 00:41:48,830 --> 00:42:00,410 I mean remember the six one O 2 order FDR basically making it 706 00:42:00,410 --> 00:42:02,370 illegal for Americans to hold gold. 707 00:42:05,130 --> 00:42:07,490 The reason that they were able to pull that off the way they 708 00:42:07,490 --> 00:42:12,290 did was because of gold's physical characteristics which 709 00:42:12,290 --> 00:42:17,770 led to its centralization. So a lot of people, if they held 710 00:42:17,770 --> 00:42:20,010 a large amount of gold, they stored it in banks. 711 00:42:20,010 --> 00:42:24,480 So when they passed that law, the banks just set up. 712 00:42:24,480 --> 00:42:26,960 You know what, It's not yours anymore. 713 00:42:27,200 --> 00:42:32,680 It's illegal to the government. But if you have millions upon 714 00:42:32,680 --> 00:42:36,560 millions of individuals taking self custody, which is what we 715 00:42:36,560 --> 00:42:40,040 recommend on this show every single day using Electrum, 716 00:42:40,040 --> 00:42:47,320 Sparrow, Blue Wallet, Spectre, so many open source software 717 00:42:47,320 --> 00:42:53,790 wallets, and then putting that Bitcoin into cold storage and 718 00:42:53,790 --> 00:42:57,070 using a hardware wallet. Passport is awesome. 719 00:42:57,470 --> 00:43:00,510 There's a cold card, there's Trezor, there's Ledger. 720 00:43:00,510 --> 00:43:04,550 If you want to use that for whatever reason, there's Bitbox. 721 00:43:07,710 --> 00:43:12,550 Then it's then it becomes incredibly difficult for them to 722 00:43:12,550 --> 00:43:17,770 seize people's wealth. And I think that is the 723 00:43:18,050 --> 00:43:24,810 motivation behind this wording. In reality and this Winston 724 00:43:24,810 --> 00:43:28,250 Churchill quote, never let a good crisis go to waste. 725 00:43:29,130 --> 00:43:33,690 Well, they definitely didn't let the absolute tragedy that is 726 00:43:33,690 --> 00:43:39,970 happening in Israel. You know, they didn't let that 727 00:43:39,970 --> 00:43:46,610 go to waste, to use that as a justification in order to attack 728 00:43:46,810 --> 00:43:49,410 Bitcoin. And they're telling you exactly 729 00:43:49,410 --> 00:43:52,410 what they want. They tell they're telling you 730 00:43:53,330 --> 00:44:01,410 KYC wallets, miners, nodes and unhosted wallets. 731 00:44:01,410 --> 00:44:03,290 Now we can't have that. That's the danger. 732 00:44:03,410 --> 00:44:11,090 That's that's that's bad. So kind of tie this in with what 733 00:44:11,090 --> 00:44:13,010 we were talking about in the beginning of the show. 734 00:44:14,410 --> 00:44:17,690 The race to avoid the war. How? 735 00:44:17,690 --> 00:44:21,330 How do we beat this? Like how do we beat this right? 736 00:44:22,610 --> 00:44:28,690 By waking people up, by unifying people, by saying it's not left 737 00:44:28,690 --> 00:44:30,890 verse, right. Whatever party's in power, 738 00:44:31,530 --> 00:44:35,970 whether it's Democrat or Republican, they still print a 739 00:44:35,970 --> 00:44:37,930 ton of money. If you're in the lower middle 740 00:44:37,930 --> 00:44:41,490 classes, you know you don't have the means to save an assets 741 00:44:41,490 --> 00:44:44,490 therefore you get poorer. You're you're what you're 742 00:44:44,490 --> 00:44:48,610 earning in what you're saving in is devalued right. 743 00:44:49,570 --> 00:44:56,890 So you know to use Christine Lagarde, I mean it's all tie 744 00:44:56,890 --> 00:44:59,370 this in together to use Christine Lagarde's words from 745 00:44:59,370 --> 00:45:03,730 the very beginning of the show they don't like that escape 746 00:45:03,730 --> 00:45:05,970 valve. They really don't like that 747 00:45:05,970 --> 00:45:08,610 escape valve. And as more and more and more 748 00:45:08,610 --> 00:45:12,840 people choose to use that escape valve and that you're you're 749 00:45:12,840 --> 00:45:17,760 specially noticing this in the global S where people have just 750 00:45:17,760 --> 00:45:21,520 lost faith in their currency so they're forced to seek an 751 00:45:21,520 --> 00:45:27,120 alternative out of necessity, I think they're going to get more 752 00:45:27,120 --> 00:45:30,080 and more desperate and like a wounded animal trapped into a 753 00:45:30,080 --> 00:45:34,000 corner, that's when it's it's most dangerous right. 754 00:45:34,880 --> 00:45:42,770 So our our defense against this is educating individuals, waking 755 00:45:42,770 --> 00:45:47,250 them up to the reality of a lot of the political divisions that 756 00:45:47,250 --> 00:45:53,010 are happening right now are caused by broken incentives and 757 00:45:53,010 --> 00:45:55,970 broken money. If you fix the money, you fix 758 00:45:55,970 --> 00:45:58,210 the incentives. And if you fix the incentives, 759 00:45:58,210 --> 00:46:02,210 you fix the world. So this is literally what it's 760 00:46:02,210 --> 00:46:04,050 about. This is what's at stake. 761 00:46:04,130 --> 00:46:06,370 It's up to you. It's in your hands. 762 00:46:07,010 --> 00:46:09,650 What type of future do you want? Your kids? 763 00:46:10,020 --> 00:46:16,620 Your grandchildren to live in. Do you want a future where 764 00:46:18,100 --> 00:46:22,860 someone like this is telling you what you can and can't do with 765 00:46:22,860 --> 00:46:27,260 your money? Or do you want to be the one to 766 00:46:27,260 --> 00:46:31,380 decide what you can and cannot do with your money? 767 00:46:31,860 --> 00:46:34,510 Anyways, that's my take on today's news. 768 00:46:34,510 --> 00:46:36,910 I know it's a little bit dark today, but hopefully we we 769 00:46:36,910 --> 00:46:38,830 lightened. We lightened it up with the 770 00:46:38,830 --> 00:46:42,790 culture and the memes, bro. But that that memes. 771 00:46:42,990 --> 00:46:46,830 For sure that that Chrissy Lagarde video, man, it put a 772 00:46:46,830 --> 00:46:51,430 like I saw that and I was like, holy cow, like it it it made me 773 00:46:51,430 --> 00:46:53,150 a little bit upset. I'm not going to lie. 774 00:46:53,150 --> 00:46:58,430 I'm not going to lie. It it it it didn't strike me the 775 00:46:58,430 --> 00:47:01,350 right way. Man that that video did not feel 776 00:47:01,350 --> 00:47:05,460 too good, you know? Anyways, what what do you what's 777 00:47:05,460 --> 00:47:07,380 your take on this? What's your take on the anti 778 00:47:07,380 --> 00:47:10,620 Bitcoin Senator Opti? Yeah, well before I do that 779 00:47:10,620 --> 00:47:12,180 shouts out to everyone on Rumble. 780 00:47:13,420 --> 00:47:17,060 The chat's lit over there. I I just, I finally figured out 781 00:47:17,060 --> 00:47:20,140 how to work Rumble so I could see the chat shouts out to 782 00:47:20,140 --> 00:47:22,420 everyone over there. It's it's getting lively over 783 00:47:22,420 --> 00:47:25,140 there so really, really good to see. 784 00:47:25,860 --> 00:47:29,980 Hopefully it goes up and and when we're able to get. 785 00:47:30,370 --> 00:47:33,770 The rumble chat on to restream and pull your guys's comments 786 00:47:33,770 --> 00:47:34,890 up. Know that we will. 787 00:47:35,170 --> 00:47:39,410 Anyways, to your question, what do I think about the anti 788 00:47:39,450 --> 00:47:43,210 Bitcoin politicians? It's kind of something I've been 789 00:47:43,210 --> 00:47:46,250 saying for a while. I I just wish politicians would 790 00:47:46,250 --> 00:47:48,570 remember their oath to work for the people. 791 00:47:48,850 --> 00:47:51,170 I thought this was, you know, home of the brave land of the 792 00:47:51,170 --> 00:47:52,170 free. I thought this. 793 00:47:52,170 --> 00:47:54,650 I thought America was the the land of freedom. 794 00:47:54,890 --> 00:47:56,850 And here we are with freedom, money. 795 00:47:57,090 --> 00:47:59,970 And these politicians, these psychopaths, these parasites, 796 00:47:59,970 --> 00:48:01,730 these. Lizard people, as Alex Stanzic 797 00:48:01,730 --> 00:48:06,250 always says, are doing their best to fight freedom. 798 00:48:06,410 --> 00:48:09,410 Like Bitcoin is freedom money. And of course we know why. 799 00:48:09,650 --> 00:48:15,010 Of course, the politicians are doing their best and incentivize 800 00:48:15,010 --> 00:48:18,770 to work for big banks and the interest in the lobbying groups 801 00:48:18,770 --> 00:48:22,490 because they know what we know guys, the control of the money 802 00:48:22,490 --> 00:48:25,700 printer. It is why they have become rich. 803 00:48:25,700 --> 00:48:28,100 It is why they have been able to maintain power. 804 00:48:28,380 --> 00:48:33,060 And if you disintermediate that, if you expose the fraud that is 805 00:48:33,060 --> 00:48:37,780 the traditional financial world, then of course they are going to 806 00:48:37,860 --> 00:48:40,260 lose everything. And that's literally what we're 807 00:48:40,260 --> 00:48:42,780 after. Guys like this is a game for all 808 00:48:42,780 --> 00:48:46,980 the power, and we're finally going to bring the world back. 809 00:48:47,850 --> 00:48:50,090 On a level playing field, on a world where you have to provide 810 00:48:50,090 --> 00:48:52,610 value and politicians do not provide value at all and so of 811 00:48:52,610 --> 00:48:53,890 course they're going to fight Bitcoin. 812 00:48:54,130 --> 00:48:57,850 Of course you know Elizabeth Warren, who if I am not 813 00:48:57,850 --> 00:49:02,050 mistaken, was very popular during the Occupy Wall Street 814 00:49:02,050 --> 00:49:04,650 stuff and you know, was supposedly fighting for the 815 00:49:04,650 --> 00:49:07,450 little man until she got into office and got bought and paid 816 00:49:07,450 --> 00:49:09,370 for it. Now she's literally bidding for 817 00:49:09,370 --> 00:49:11,770 the banks like you can't make this shit up. 818 00:49:12,130 --> 00:49:15,510 And anyways. I am not surprised at this, but 819 00:49:15,510 --> 00:49:18,430 also Nico, there there is a good article that dropped this 820 00:49:18,430 --> 00:49:22,630 morning on Forbes literally countering this exact thing that 821 00:49:22,630 --> 00:49:26,230 Elizabeth Warren is talking about about basically terrorists 822 00:49:26,230 --> 00:49:29,710 using Bitcoin to finance themselves and money laundering 823 00:49:29,710 --> 00:49:32,510 stuff. And the article was basically 824 00:49:32,510 --> 00:49:34,350 saying the opposite. And I'm glad you brought the 825 00:49:34,350 --> 00:49:37,150 quote up of don't let a what what is it? 826 00:49:37,310 --> 00:49:39,950 I I'm blanking right now. Don't let a crisis go on wasted 827 00:49:39,950 --> 00:49:42,650 or whatever. Yeah, and. 828 00:49:43,010 --> 00:49:47,730 So the article on Forbes was basically showing the exact 829 00:49:47,730 --> 00:49:56,250 opposite, that Khamas used Bitcoin to, you know, fundraise. 830 00:49:56,250 --> 00:50:00,610 And then they realized that, Oh my God, it's a public Ledger and 831 00:50:00,770 --> 00:50:03,970 everything that's on the Ledger can be tracked. 832 00:50:04,170 --> 00:50:06,690 And Oh my God, it's not anonymous, it's pseudonymous. 833 00:50:06,690 --> 00:50:08,850 And if you don't know what you're doing, it's very 834 00:50:08,850 --> 00:50:13,560 transparent by design guys. We know and there's constant, 835 00:50:13,560 --> 00:50:16,600 constant receipts on this and you can go look them up. 836 00:50:16,760 --> 00:50:19,000 I'm sure we've brought them on the show as well. 837 00:50:21,240 --> 00:50:23,880 Financial criminals, quote UN quote, terrorists or money 838 00:50:23,880 --> 00:50:29,400 laundering is like a minuscule point O 1% of the of the the 839 00:50:29,400 --> 00:50:32,040 transaction, the volume on Bitcoin like the real criminals 840 00:50:32,040 --> 00:50:35,080 are using money. Guys, this is are using cash. 841 00:50:35,080 --> 00:50:38,760 Sorry, we all know this. Of course, they are rolling out 842 00:50:38,760 --> 00:50:41,480 new technology with the same old fears that they've done for. 843 00:50:42,560 --> 00:50:44,600 Remember they were saying about like the Internet. 844 00:50:44,960 --> 00:50:48,000 You know, it's going to, it's going to enable pornographers 845 00:50:48,000 --> 00:50:50,600 and terrorists and all kinds of stuff. 846 00:50:50,600 --> 00:50:55,520 And like, they're just using the same excuses constantly when new 847 00:50:55,520 --> 00:50:57,920 technology comes out. Like, of course the illiterate, 848 00:50:58,120 --> 00:51:01,560 computer illiterate old, you know, boomers out there that 849 00:51:01,560 --> 00:51:03,680 don't understand how the world works, don't understand 850 00:51:03,680 --> 00:51:06,400 technology, do the same thing over and over. 851 00:51:06,560 --> 00:51:09,600 They are absolutely afraid of technology because. 852 00:51:10,130 --> 00:51:13,010 It's going to shake things up and they don't want things to 853 00:51:13,010 --> 00:51:14,530 change. And here we are. 854 00:51:14,730 --> 00:51:16,730 We have Bitcoin. It's not going to get stopped. 855 00:51:16,730 --> 00:51:19,770 Sorry Elizabeth Warren. It's just not going to happen. 856 00:51:20,170 --> 00:51:22,170 Like, Bitcoin is here. You can't stop it. 857 00:51:22,170 --> 00:51:24,050 It's a little too little, too little, too late. 858 00:51:24,530 --> 00:51:27,810 And as much as you try to fight it, it just proves to me that I 859 00:51:27,810 --> 00:51:29,330 need to hold more and more Bitcoin. 860 00:51:29,330 --> 00:51:32,650 It will slowly but surely wake everyone up to the same thing. 861 00:51:32,970 --> 00:51:35,610 If your government doesn't like Bitcoin, there's probably a 862 00:51:35,650 --> 00:51:37,810 reason. It's because Bitcoin is good and 863 00:51:37,810 --> 00:51:39,330 it takes away the power from them like. 864 00:51:39,920 --> 00:51:42,640 It's so simple. Every problem of the world is 865 00:51:42,640 --> 00:51:45,360 because they have control of the money printer, because they have 866 00:51:45,360 --> 00:51:49,440 unlimited Fiat printing abilities and now you can't 867 00:51:49,440 --> 00:51:52,880 debase our currency. It's literally I I even said 868 00:51:52,880 --> 00:51:54,600 this to my mom. Little side Chen do. 869 00:51:55,520 --> 00:51:56,960 We were talking about something different. 870 00:51:56,960 --> 00:51:59,160 I forget what it is and I just started ranting. 871 00:51:59,160 --> 00:52:02,680 I'm like, look, it's literally this simple. 872 00:52:03,000 --> 00:52:06,280 Are you against looting or are you for theft? 873 00:52:06,280 --> 00:52:09,320 Like I am against theft. I am against looting. 874 00:52:09,700 --> 00:52:15,300 And any politician that is anti Bitcoin is just actively telling 875 00:52:15,300 --> 00:52:18,740 you they are for looting. They agree in theft. 876 00:52:18,740 --> 00:52:22,580 They like theft and murder. You can't but, but, but, but 877 00:52:22,580 --> 00:52:25,940 elaborate, like elaborate, right, 'cause like that could be 878 00:52:26,060 --> 00:52:27,900 like construed as rhetoric, right. 879 00:52:27,900 --> 00:52:32,300 So it's like any politician that is against Bitcoin is, is for 880 00:52:32,300 --> 00:52:34,140 looting, forcing. I think you hit the nail on the 881 00:52:34,140 --> 00:52:35,700 head. But like why is that like? 882 00:52:36,480 --> 00:52:39,640 Well, inflation is theft. The more they print money, yeah. 883 00:52:40,680 --> 00:52:42,720 The more they print money, the poorer you get. 884 00:52:42,960 --> 00:52:45,440 It's a wealth redistribution mechanism guys. 885 00:52:45,440 --> 00:52:48,600 The more money you print, they print, the richer them and their 886 00:52:48,600 --> 00:52:52,200 friends get because they are printing money, allocating it to 887 00:52:52,200 --> 00:52:53,720 them and their friends businesses. 888 00:52:54,080 --> 00:52:56,400 Once you get the money, eventually you know trickle down 889 00:52:56,400 --> 00:52:59,480 economics, the fable trickle, trickle down economics, your 890 00:52:59,480 --> 00:53:03,320 purchasing power gets destroyed. You are literally getting 891 00:53:03,320 --> 00:53:05,650 poorer. Any every politician that is 892 00:53:05,650 --> 00:53:08,410 fighting Bitcoin now draw a line in the sand. 893 00:53:08,650 --> 00:53:11,210 They are for theft. They are for looting. 894 00:53:11,210 --> 00:53:12,970 They are for stealing your future. 895 00:53:13,290 --> 00:53:15,410 I don't know about you, but that shit pisses me off. 896 00:53:15,410 --> 00:53:17,930 I do not like theft. I do not like looters. 897 00:53:18,410 --> 00:53:20,410 This is what we're trying to do here on Bitcoin. 898 00:53:20,690 --> 00:53:23,410 It's provide value as much as possible. 899 00:53:23,690 --> 00:53:26,730 The only way to get Bitcoin is by taking Bitcoin from someone 900 00:53:26,730 --> 00:53:27,370 else. You can't. 901 00:53:27,370 --> 00:53:30,570 You can't debase your currency. You have to provide a product 902 00:53:30,690 --> 00:53:33,250 that someone is willing to give up their Bitcoin for. 903 00:53:34,080 --> 00:53:36,960 What product are politicians providing towards you? 904 00:53:37,320 --> 00:53:41,200 They say my Rd. but my roads are fucking trashed, like they don't 905 00:53:41,200 --> 00:53:43,400 provide good services. What is going on? 906 00:53:43,440 --> 00:53:46,280 How is this so? Like, how do people not get 907 00:53:46,280 --> 00:53:47,560 this? But of course where the crazy 908 00:53:47,560 --> 00:53:50,040 Bitcoin is, and I and I just fully like Alex Jones this. 909 00:53:50,040 --> 00:53:52,760 So like, obviously this message isn't going to get across by 910 00:53:52,760 --> 00:53:54,680 anyone that's listening to this just 'cause I got said 911 00:53:54,680 --> 00:53:56,080 triggered. What the? 912 00:53:56,080 --> 00:53:57,800 It's just like it's so simple, man. 913 00:53:57,800 --> 00:54:00,880 Like your politicians out there that are fighting Bitcoin, 914 00:54:01,120 --> 00:54:04,480 whether they're central bankers or bureaucrats. 915 00:54:05,360 --> 00:54:07,680 Maybe we stepped a little bit out of the ovation. 916 00:54:07,720 --> 00:54:10,880 Window to stop. I apologize slightly, slightly, 917 00:54:10,880 --> 00:54:12,400 a little bit. Your politicians are for 918 00:54:12,480 --> 00:54:14,440 limiting. But I'll, I'll, I'll tell you 919 00:54:14,440 --> 00:54:19,690 this, our Rumble audience. Is popping the phone up 62 920 00:54:19,690 --> 00:54:22,410 followers in there today. OK, but let's actually break 921 00:54:22,410 --> 00:54:24,450 down like, you know, a lot to use. 922 00:54:24,450 --> 00:54:27,170 A lot of very powerful. Records, I was yelling, I 923 00:54:27,290 --> 00:54:29,890 apologize. So let's kind of break it down, 924 00:54:29,890 --> 00:54:33,970 like why we make the case that if you're against Bitcoin, 925 00:54:33,970 --> 00:54:39,410 you're you're for theft, right? So essentially, if you're 926 00:54:39,410 --> 00:54:43,290 against Bitcoin, you are supporting central bank digital 927 00:54:43,290 --> 00:54:45,490 currencies, you're supporting Fiat, right? 928 00:54:46,570 --> 00:54:51,810 Built in by design into Fiat is the devaluation of currency, 929 00:54:52,010 --> 00:54:53,930 right? So the devaluation of your 930 00:54:53,930 --> 00:54:57,410 purchasing power. The data shows that affects the 931 00:54:57,410 --> 00:54:59,210 lower and middle classes the most. 932 00:54:59,570 --> 00:55:03,290 So if a politician is against Bitcoin, they're for Fiat. 933 00:55:03,610 --> 00:55:07,850 And Fiat money has inflation baked in, which a lot of 934 00:55:07,850 --> 00:55:10,330 bitcoiners make the argument that inflation is theft. 935 00:55:10,330 --> 00:55:13,520 I believe that as well. Maybe you could you know, some 936 00:55:13,720 --> 00:55:16,280 academic could say no, that's not technically right. 937 00:55:16,280 --> 00:55:20,000 Like, I don't know how That's not really it's it's it's a it's 938 00:55:20,000 --> 00:55:22,440 it's a tax. Like, it's a form of taxation. 939 00:55:22,560 --> 00:55:28,520 Look, Bitcoin has proven that money can exist, that not only 940 00:55:28,520 --> 00:55:32,160 does it not lose purchasing power, it actually increases in 941 00:55:32,160 --> 00:55:37,000 purchasing power over time because there's a cap supply. 942 00:55:37,500 --> 00:55:40,860 So it's proven that there's an alternative to Fiat currencies. 943 00:55:40,860 --> 00:55:43,780 Now what they would like you to believe, the Keynesians, is that 944 00:55:43,780 --> 00:55:49,020 the world would burn down spontaneously combust because if 945 00:55:49,020 --> 00:55:51,980 you don't have inflation, people aren't going to spend and buy 946 00:55:51,980 --> 00:55:53,780 shit. I think that's bullshit. 947 00:55:53,820 --> 00:55:57,660 I'm calling bullshit on that. Like, look, you're going to live 948 00:55:57,660 --> 00:56:00,140 your life, you're going to want to buy things, right? 949 00:56:00,140 --> 00:56:02,220 Just cause. Like wealth effect is real. 950 00:56:03,450 --> 00:56:07,250 Like I I'm still going to want an iPhone or like the an Android 951 00:56:07,250 --> 00:56:09,890 or you know like if a new phone comes out and I like it, I'm 952 00:56:09,890 --> 00:56:12,770 still going to fuck it. I'm still going to buy it, you 953 00:56:12,770 --> 00:56:16,130 know, I'm still going to buy, you know, I I like, I love text. 954 00:56:16,130 --> 00:56:17,690 So like I'm still going to buy a computer. 955 00:56:17,690 --> 00:56:19,530 I'm still going to buy a camera. I'm still going to buy a 956 00:56:19,530 --> 00:56:22,810 microphone, right. Like it it it's like it's not 957 00:56:22,810 --> 00:56:26,010 going to stop me from buying things So so yeah. 958 00:56:26,010 --> 00:56:29,250 So I think you know I agree with your the rhetoric might be 959 00:56:29,250 --> 00:56:30,930 strong. It might be a little bit out of 960 00:56:30,930 --> 00:56:32,770 the Overton window. Right. 961 00:56:33,180 --> 00:56:36,660 But in essence, I do agree with you 100%. 962 00:56:37,420 --> 00:56:40,220 I do agree. You know, it might be like it's 963 00:56:40,220 --> 00:56:43,860 like I do agree. I I think that that if you're 964 00:56:43,860 --> 00:56:48,300 against Bitcoin, you're against freedom, you're against, you 965 00:56:48,300 --> 00:56:51,380 know, you're for money that steals from people like. 966 00:56:52,420 --> 00:56:56,500 And you know you could spin it in any type of way and you can 967 00:56:56,500 --> 00:56:59,420 you could like kind of say that no, that's not true. 968 00:56:59,420 --> 00:57:02,990 Like but like please present to me a counter argument. 969 00:57:03,910 --> 00:57:08,310 Like please like I I I don't see one right, 'cause like, OK, so 970 00:57:08,310 --> 00:57:11,190 if you're if you're against Bitcoin, then you're for Fiat 971 00:57:11,190 --> 00:57:12,830 money. OK, fine. 972 00:57:12,830 --> 00:57:15,550 You're for Fiat money. The government should have the 973 00:57:15,550 --> 00:57:18,350 ability to issue money. But what about inflation then? 974 00:57:18,350 --> 00:57:21,630 You talk about, OK, but what if they get it to this 2% 975 00:57:21,630 --> 00:57:24,590 inflation, OK, they get it to this 2% inflation, it's still 976 00:57:24,590 --> 00:57:29,500 losing 2% of purchasing power a year and that that compounds 977 00:57:29,500 --> 00:57:32,140 over time. And that's in stark contrast 978 00:57:32,140 --> 00:57:34,660 with Bitcoin, which your purchasing power increases over 979 00:57:34,660 --> 00:57:38,900 time. So I mean, like one is obviously 980 00:57:38,900 --> 00:57:41,380 better for the individual than the other. 981 00:57:41,740 --> 00:57:43,580 And OK. And then the argument that the 982 00:57:43,580 --> 00:57:46,300 other argument that they would say is like, no, the volatility. 983 00:57:46,300 --> 00:57:49,780 The volatility, yeah, OK, fine, there's volatility. 984 00:57:49,980 --> 00:57:53,860 But that volatility over a year, a three-year and a five year 985 00:57:53,860 --> 00:57:57,910 time scale, it is, it goes up and to the right, right. 986 00:57:57,910 --> 00:58:01,950 And Fiat is literally designed to go down and to the right 987 00:58:01,950 --> 00:58:04,710 forever. So you can say maybe on a short 988 00:58:04,710 --> 00:58:07,910 term basis that yeah, the volatility is crazy. 989 00:58:07,910 --> 00:58:10,630 OK, fine, you can make that argument. 990 00:58:10,630 --> 00:58:15,710 It's a fair argument, right? But you can't deny that over a 991 00:58:15,710 --> 00:58:20,110 five year timescale, over the last 10 years, Bitcoin has been 992 00:58:20,110 --> 00:58:22,830 a better money than Fiat currencies. 993 00:58:22,830 --> 00:58:24,430 Period. The data's there. 994 00:58:24,430 --> 00:58:27,150 It's freaking undeniable at this point. 995 00:58:27,750 --> 00:58:31,070 I've been living under a Bitcoin standard for seven years, been a 996 00:58:31,070 --> 00:58:34,150 great decision Opti, roughly the same around of time. 997 00:58:34,830 --> 00:58:39,230 It like I don't think I've met someone who is fully gone on to 998 00:58:39,230 --> 00:58:43,830 a Bitcoin standard that has gone on to tell me, oh, I regret it, 999 00:58:43,830 --> 00:58:46,070 I'm going to go back to Fiat. I don't think I've met someone 1000 00:58:46,070 --> 00:58:47,990 who's ever told me that in in my life. 1001 00:58:47,990 --> 00:58:51,430 I've met people that that bought the top and then they get 1002 00:58:51,670 --> 00:58:53,390 demoralized. And then they get, you know, 1003 00:58:53,390 --> 00:58:55,470 they're like, oh, I don't want to partake in this anymore. 1004 00:58:56,090 --> 00:58:57,970 But I've never met someone who held. 1005 00:58:58,850 --> 00:59:01,370 They held, right. They experienced the pain. 1006 00:59:01,370 --> 00:59:04,050 They paid the price of tuition like Naimbu Kayla and Michael 1007 00:59:04,050 --> 00:59:06,010 Saylor are doing right now, right? 1008 00:59:06,170 --> 00:59:08,490 And they made it over the hill. They made it to the other side. 1009 00:59:08,690 --> 00:59:13,210 I've never met someone that's like, you know what, those 1010 00:59:13,210 --> 00:59:14,570 dollars, I'm going to go back to them. 1011 00:59:14,570 --> 00:59:16,010 They're great. They're delicious. 1012 00:59:16,010 --> 00:59:19,810 I love those $1000 limits. This is wonderful. 1013 00:59:19,810 --> 00:59:22,850 Like, no, I, I I don't think I've ever met someone that has 1014 00:59:22,850 --> 00:59:26,510 made that argument to me before. So yeah, like Opti's rhetoric. 1015 00:59:26,510 --> 00:59:31,590 I'm not going to be like be intense and be like strong and 1016 00:59:31,590 --> 00:59:32,430 like whatever. But. 1017 00:59:33,390 --> 00:59:36,550 Opti Jones in the chat today. Opti Jones in the chat today. 1018 00:59:37,190 --> 00:59:39,510 I like I I just, I I agree with you bro. 1019 00:59:39,590 --> 00:59:41,470 I agree with you. 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Let's do it. 1037 01:00:30,910 --> 01:00:39,670 The Daily Meme Review. I think it's culture, but we're 1038 01:00:39,670 --> 01:00:41,390 we're running long. I could go straight to the meme 1039 01:00:41,390 --> 01:00:43,870 review. Oh Oh no, no, no. 1040 01:00:43,870 --> 01:00:51,750 We're going to culture. The daily Culture brought to you 1041 01:00:51,750 --> 01:00:56,430 by Swan bitcoin.com Swan is the best way to build your Bitcoin 1042 01:00:56,430 --> 01:00:59,390 stack with automated Bitcoin savings plans and instant 1043 01:00:59,390 --> 01:01:04,950 purchases serving clients of any size from $10 to $10 million. 1044 01:01:04,950 --> 01:01:08,310 We love Swan because they incentivize self custody and 1045 01:01:08,310 --> 01:01:10,950 dollar cost averaging. What are you waiting for? 1046 01:01:10,950 --> 01:01:16,130 Visit swanbitcoin.com today. I think that was the first time 1047 01:01:16,170 --> 01:01:18,210 that, yeah, it's. Probably happened before, but 1048 01:01:18,210 --> 01:01:20,290 anyways anyways, I don't think so. 1049 01:01:20,530 --> 01:01:23,250 Yeah, no, but we we catch it before I. 1050 01:01:23,330 --> 01:01:24,890 I thought you were. I thought you were throwing a 1051 01:01:24,890 --> 01:01:26,650 curveball anyways. Anyways, that's that's beside 1052 01:01:26,650 --> 01:01:27,650 the point. We we are running. 1053 01:01:27,650 --> 01:01:29,450 I guess maybe this is a Friday show and we'll run long. 1054 01:01:29,450 --> 01:01:33,890 Anyways, this is a Friday. All right guys, so last week if 1055 01:01:33,890 --> 01:01:38,570 you hung out with us in Twitter Spaces, a pretty well known 1056 01:01:38,570 --> 01:01:42,500 bitcoiner. Did did a classic trope from 1057 01:01:42,500 --> 01:01:46,020 like 2017 about how like huddling Bitcoin isn't enough 1058 01:01:46,020 --> 01:01:49,460 and and I'm not going to do the whole huddle verse spending 1059 01:01:49,460 --> 01:01:51,820 Bitcoin, It's it's very Keynesian as far as I'm 1060 01:01:51,820 --> 01:01:53,780 concerned. But it sent me down a rabbit 1061 01:01:53,780 --> 01:01:58,260 hole and I know how much you guys love when I read the 1062 01:01:58,260 --> 01:02:01,740 classics and in my opinion, the classic Bitcoin literature. 1063 01:02:02,100 --> 01:02:05,860 And so I was looking for something to go on this idea. 1064 01:02:06,350 --> 01:02:08,590 Of like why huddling is important. 1065 01:02:08,590 --> 01:02:11,070 Obviously I've I've I've broken this down on the show multiple 1066 01:02:11,070 --> 01:02:13,710 times. Your money needs to store value 1067 01:02:13,710 --> 01:02:16,910 through time and space. What is huddling but just 1068 01:02:16,910 --> 01:02:20,110 holding value through time. So don't don't don't let the 1069 01:02:20,110 --> 01:02:22,350 scammers out there because everyone's a scammer tell you 1070 01:02:22,350 --> 01:02:23,790 that you shouldn't be huddling Bitcoin. 1071 01:02:23,790 --> 01:02:25,470 Of course you should huddle Bitcoin. 1072 01:02:25,630 --> 01:02:29,030 But I came across this article on Nakamoto Institute chats at 1073 01:02:29,030 --> 01:02:31,270 the Pierre Rochardi. It's it's 10 years old at this 1074 01:02:31,270 --> 01:02:34,950 point, which is absolutely mind blowing and it basically there 1075 01:02:34,950 --> 01:02:37,070 was a line in there. I'm going to read it for you 1076 01:02:37,070 --> 01:02:40,190 guys, but there's a line in there that is something we say 1077 01:02:40,190 --> 01:02:42,070 all the time, and this is 10 years old, guys. 1078 01:02:42,070 --> 01:02:44,150 It's there's no political solution to this. 1079 01:02:44,830 --> 01:02:48,710 There's no political solution to fixing the current Fiat system. 1080 01:02:49,550 --> 01:02:52,430 It is opting out and getting on the Bitcoin standard so. 1081 01:02:53,170 --> 01:02:55,690 I'm over here in Nakamoto Institute again guys. 1082 01:02:55,890 --> 01:02:59,450 I know everyone gets caught up on on the the new current thing, 1083 01:02:59,450 --> 01:03:02,290 but highly recommend you go read the classics over there on 1084 01:03:02,290 --> 01:03:05,090 nakamotoinstitute.org, Shouts out the Piero Shard and 1085 01:03:05,090 --> 01:03:07,290 Bitstein. Absolute goats wouldn't be here 1086 01:03:07,290 --> 01:03:09,770 without them. Anyways, there's this article 1087 01:03:09,770 --> 01:03:12,050 here guys. And the Fed hoard bitcoins. 1088 01:03:12,050 --> 01:03:14,450 You know he's using the Keynesian terminology of 1089 01:03:14,450 --> 01:03:16,470 hoarding. I would call it hoggling. 1090 01:03:16,470 --> 01:03:20,270 I would call it savings. Hoarding is a good word in my 1091 01:03:20,270 --> 01:03:22,990 opinion, and not a bad word like the Keynesians would like you 1092 01:03:22,990 --> 01:03:24,270 believe anyways. And the Fed? 1093 01:03:24,510 --> 01:03:26,630 You're a hoarder. Why are you hoarding them? 1094 01:03:26,630 --> 01:03:28,230 Coins? Give them to me. 1095 01:03:28,230 --> 01:03:30,230 Spend them. Everyone's a scammer anyways. 1096 01:03:30,390 --> 01:03:33,190 And the Fed hoard Bitcoin. Pierre Rochard, February 19th, 1097 01:03:33,190 --> 01:03:36,070 2013. Absolutely incredible. 1098 01:03:36,190 --> 01:03:39,710 Pierre Rochard was able to write this ten years ago, and he's 1099 01:03:39,710 --> 01:03:44,550 still kicking ass out there and taking Wall Street Journal. 1100 01:03:44,980 --> 01:03:47,820 Or was it New York Times? Whatever. 1101 01:03:47,820 --> 01:03:49,340 Anyways, just fucking owning them. 1102 01:03:49,340 --> 01:03:51,420 Sorry. Anyways let's read this guys 1103 01:03:51,420 --> 01:03:53,940 because it is 10 years old. So I will update a few things 1104 01:03:53,940 --> 01:03:58,260 and I will show you where we've come since this and how we are 1105 01:03:58,940 --> 01:04:02,700 exactly on plan and tapping exactly as design. 1106 01:04:02,700 --> 01:04:05,460 Anyways, let's read this guys for you guys that have not read 1107 01:04:05,460 --> 01:04:07,930 it. Or are newer to Bitcoin. 1108 01:04:08,170 --> 01:04:11,090 The libertarian strategy for undermining Fiat currencies has 1109 01:04:11,090 --> 01:04:14,770 always centered on making gold and silver viable alternatives. 1110 01:04:14,970 --> 01:04:17,690 This effort has failed because it is impossible to compete 1111 01:04:17,690 --> 01:04:20,810 against a digital currency like the dollar with a physical 1112 01:04:20,810 --> 01:04:23,770 commodity due to the high transaction costs associated 1113 01:04:23,770 --> 01:04:26,690 with the latter. The only way metals can succeed 1114 01:04:26,690 --> 01:04:29,090 is if Fiat failed. While it may be the case that 1115 01:04:29,090 --> 01:04:31,810 Fiat currencies inevitably collapsed over the long run, 1116 01:04:32,050 --> 01:04:35,410 waiting for this possibility is unacceptable given the amount of 1117 01:04:35,410 --> 01:04:38,210 damage that central bank. Are inflicting on humanity's 1118 01:04:38,210 --> 01:04:41,370 accumulation of capital. Talk about this constantly. 1119 01:04:41,370 --> 01:04:43,610 We even talked about in the beginning of the show the mantra 1120 01:04:43,610 --> 01:04:45,410 of passing an audit the Fed bill. 1121 01:04:45,410 --> 01:04:49,250 My marrying in scandal and legalizing currency Competition 1122 01:04:49,410 --> 01:04:52,770 ignores public choice economics as well as the fact that digital 1123 01:04:52,770 --> 01:04:56,010 Fiat currencies have already won the competition against medals 1124 01:04:56,010 --> 01:04:58,730 and would win it again. We don't need another political 1125 01:04:58,730 --> 01:05:02,090 solution to an economic problem. What we need is a more 1126 01:05:02,090 --> 01:05:05,010 competitive market currency. Enter Bitcoin again. 1127 01:05:05,130 --> 01:05:06,370 We say this all the time. There's no. 1128 01:05:06,490 --> 01:05:09,490 Political solution We don't need another political solution to an 1129 01:05:09,490 --> 01:05:11,930 economic problem. What we need is a more 1130 01:05:11,930 --> 01:05:14,730 competitive market currency. Enter Bitcoin. 1131 01:05:14,730 --> 01:05:17,170 Low transaction costs make Bitcoin the most competitive 1132 01:05:17,170 --> 01:05:19,450 medium of exchange in humanity's history. 1133 01:05:19,810 --> 01:05:22,370 And it may be the case that a currency with even lower 1134 01:05:22,370 --> 01:05:24,970 transaction cost is theoretically impossible. 1135 01:05:25,250 --> 01:05:27,650 To learn more about Bitcoins, it's It's linking to another 1136 01:05:27,650 --> 01:05:30,450 article and here we go. Bitcoin white superior. 1137 01:05:30,450 --> 01:05:33,810 Here's a chart You know storage of Bitcoin is free, 100% reserve 1138 01:05:33,810 --> 01:05:36,410 transportation is free and easy. Security is cryptographic. 1139 01:05:36,770 --> 01:05:40,490 There is no fiduciary media record keeping is automatic. 1140 01:05:40,490 --> 01:05:44,410 Counterfeiting is impossible, the issuance is algorithmically 1141 01:05:44,570 --> 01:05:47,610 enforced, payment clearing is cheap and distributed. 1142 01:05:47,610 --> 01:05:51,610 The scarcity is fixed at 21 million hard cap and authentic 1143 01:05:51,650 --> 01:05:55,210 authentication. Authentication is built in. 1144 01:05:55,580 --> 01:05:58,580 Is why you run notes anyways. Bitcoin is slowly supplanting 1145 01:05:58,580 --> 01:06:01,220 metallic and Fiat mediums of exchange is currently 1146 01:06:01,220 --> 01:06:03,540 transitioning from the innovators to early adopters. 1147 01:06:03,540 --> 01:06:06,780 Phase Here's the the the technological adoption life 1148 01:06:06,780 --> 01:06:08,140 cycle. Who knows where we are, but 1149 01:06:08,140 --> 01:06:11,130 we're probably in the. Early early adopters era 1150 01:06:11,530 --> 01:06:13,410 anyways. This transition is accelerated 1151 01:06:13,410 --> 01:06:16,970 by new intermediaries like exchanges and they use Coinbase 1152 01:06:16,970 --> 01:06:19,570 which you you just know how outdated this is that are 1153 01:06:19,570 --> 01:06:22,570 driving down the cost of selling Fiat money for bitcoins at the 1154 01:06:22,570 --> 01:06:24,290 same time as demand is increasing. 1155 01:06:24,450 --> 01:06:27,650 Bitcoin inflation slowed considerably due to the block 1156 01:06:27,650 --> 01:06:31,770 reward having, and we're about to see another one in what, like 1157 01:06:31,770 --> 01:06:34,900 April Ish? Anyways, the dollar value of all 1158 01:06:34,900 --> 01:06:38,660 bitcoins in existence now exceeds 500 billion. 1159 01:06:38,820 --> 01:06:41,780 Here it was 300 million. Look at that growth and this 1160 01:06:41,780 --> 01:06:43,460 leads us to an interesting question. 1161 01:06:43,460 --> 01:06:45,980 Is the values of Bitcoin as speculative bubble? 1162 01:06:46,220 --> 01:06:49,300 The price of Fiat currencies and the debts denominated in Fiat is 1163 01:06:49,300 --> 01:06:51,580 a bubble that will burst. The relevant question is when 1164 01:06:51,580 --> 01:06:53,580 the purchasing power of bitcoins will peak. 1165 01:06:53,860 --> 01:06:57,180 The appreciations of bitcoins relative to consumer goods will 1166 01:06:57,180 --> 01:07:00,180 slow down when the adoption rate tapers off, and hoarders will 1167 01:07:00,180 --> 01:07:03,180 use their gains to buy consumer goods again. 1168 01:07:03,540 --> 01:07:06,180 Toddlers will use the gains to buy consumer goods. 1169 01:07:06,180 --> 01:07:08,940 Simultaneously, Fiat currencies will be in a hyperinflationary 1170 01:07:08,940 --> 01:07:11,660 tailspin and real interest rates will be spiking. 1171 01:07:11,900 --> 01:07:14,700 High interest rates will incentivize hoarders of Bitcoin 1172 01:07:14,700 --> 01:07:17,540 to buy productive investment assets and lend to borrowers 1173 01:07:17,540 --> 01:07:20,090 now. Unencumbered by Fiat denominated 1174 01:07:20,090 --> 01:07:21,770 debts. At that point, Bitcoin's 1175 01:07:21,770 --> 01:07:24,330 purchasing power for capital goods, IE interest rates, will 1176 01:07:24,330 --> 01:07:27,450 decline but the purchasing power for consumer goods will continue 1177 01:07:27,450 --> 01:07:30,530 to drift higher due to productivity fueled deflation. 1178 01:07:30,690 --> 01:07:32,970 If you're interested in getting rid of central banking, I would 1179 01:07:32,970 --> 01:07:36,010 recommend hoarding bitcoins by transferring your dollars to an 1180 01:07:36,010 --> 01:07:38,970 exchange and sending the bitcoins you buy to a secure 1181 01:07:38,970 --> 01:07:40,970 computer. This hoarding sets off a 1182 01:07:41,050 --> 01:07:44,090 virtuous feedback loop that accelerates Bitcoin adoption. 1183 01:07:44,090 --> 01:07:49,020 So here is where. I kind of got into the original 1184 01:07:49,020 --> 01:07:51,380 idea of like huddling is using Bitcoin. 1185 01:07:51,380 --> 01:07:55,260 And then of course that there is no political solution to this. 1186 01:07:55,260 --> 01:07:56,820 And look at this chart. It's so beautiful. 1187 01:07:56,820 --> 01:07:59,700 You know, hoarding or huddling Bitcoin leads to a higher 1188 01:07:59,700 --> 01:08:03,060 Bitcoin price, which leads to minor profitability and media 1189 01:08:03,060 --> 01:08:04,900 attention. And with higher mining 1190 01:08:04,900 --> 01:08:08,780 profitability, the total hashing power goes up, the security of 1191 01:08:08,780 --> 01:08:11,780 the network goes up, and with that comes the perceived 1192 01:08:11,780 --> 01:08:14,380 legitimacy. And with that comes more people 1193 01:08:14,380 --> 01:08:17,380 adopting Bitcoin, and more people hoarding Bitcoin, and 1194 01:08:17,380 --> 01:08:20,620 then more businesses and merchants accepting Bitcoin. 1195 01:08:20,740 --> 01:08:25,220 Well, this article was 10 years old, so of course Hodling is a 1196 01:08:25,220 --> 01:08:27,660 use case. And let's just update a few of 1197 01:08:27,660 --> 01:08:29,540 the things we were talking about first. 1198 01:08:29,540 --> 01:08:31,700 You know, higher. He got it. 1199 01:08:31,859 --> 01:08:33,060 He got it. So right. 1200 01:08:33,439 --> 01:08:35,200 So like 10 years ago, so, right. All right. 1201 01:08:35,200 --> 01:08:36,720 First one, higher interest rates. 1202 01:08:36,920 --> 01:08:39,439 Well as you guys have been following and we all know 1203 01:08:39,439 --> 01:08:41,640 Bitcoin twitters turned into macro, macro, macro. 1204 01:08:41,800 --> 01:08:44,720 You know feds interest rate history, the federal fund rate 1205 01:08:44,720 --> 01:08:47,640 from 8/19/81 to the President and the first. 1206 01:08:48,160 --> 01:08:51,560 Literal sentences on this, the ultra low rates consumers had 1207 01:08:51,560 --> 01:08:54,520 grown accustomed to since living in the throes of the 2008 1208 01:08:54,520 --> 01:08:57,600 financial crisis, have all but certainly come to an end in just 1209 01:08:57,600 --> 01:09:00,040 a year and a half. And this was September 20th 2023 1210 01:09:00,040 --> 01:09:01,920 when this was written or released. 1211 01:09:02,040 --> 01:09:04,279 In just a year and a half, the Federal Open Market Committee 1212 01:09:04,279 --> 01:09:07,920 has lifted interest rates 11 times, bringing its key federal 1213 01:09:07,920 --> 01:09:11,720 fund rates to a target range of 5.25 to 5.5%. 1214 01:09:11,880 --> 01:09:15,240 That's the highest since early 2001, a bank run analysis of the 1215 01:09:15,240 --> 01:09:16,880 feds moving throughout history showed. 1216 01:09:17,040 --> 01:09:18,920 So higher interest. OK. 1217 01:09:18,920 --> 01:09:22,080 What's the other thing he said with more adoption there will 1218 01:09:22,080 --> 01:09:25,120 come more mining profitability and the hash rate will continue 1219 01:09:25,120 --> 01:09:28,000 to go up. Well, where was it in 2003 in 1220 01:09:28,000 --> 01:09:32,080 February ish, what 27, 2013, that's what I say, right? 1221 01:09:32,080 --> 01:09:36,520 What I say you said, Oh yeah, sorry, February 2013 hatch rate 1222 01:09:36,520 --> 01:09:41,960 was at 27 Tara hashes and now we're at 421, roughly 421 extra 1223 01:09:41,960 --> 01:09:43,960 hashes. It's going absolutely 1224 01:09:43,960 --> 01:09:47,590 astronomical, so. And we have been covering on the 1225 01:09:47,590 --> 01:09:50,149 show constantly the amount of media attention. 1226 01:09:51,029 --> 01:09:52,950 So of course Hodling is a use case. 1227 01:09:53,109 --> 01:09:56,430 Of course Bitcoin is growing. Of course Pierre Rochard is just 1228 01:09:56,430 --> 01:09:59,630 a go and has been calling this for 10 years now. 1229 01:10:00,110 --> 01:10:04,670 Bitcoin is going exactly as design guys and with everything 1230 01:10:04,670 --> 01:10:07,550 we're seeing and and kind of circling this back to the 1231 01:10:07,550 --> 01:10:11,080 beginning of the show. With the amount of acceleration 1232 01:10:11,080 --> 01:10:13,320 we're seeing from the central bankers and the bureaucrats and 1233 01:10:13,320 --> 01:10:17,400 and them scrambling for control and them scrambling to paint us 1234 01:10:17,400 --> 01:10:19,880 all as criminals because all we really want to do is saving 1235 01:10:19,880 --> 01:10:21,520 something that they can't steal from us. 1236 01:10:22,600 --> 01:10:25,480 It's becoming very clear. And I know Nico and I well, 1237 01:10:25,480 --> 01:10:28,760 rather more Nico than I. We've been very generous for the 1238 01:10:28,760 --> 01:10:32,240 whole year and now I'm I'm just doubling down on the idea that 1239 01:10:32,600 --> 01:10:35,320 they're not naive. The politicians and the bankers, 1240 01:10:35,320 --> 01:10:37,640 they're not naive. They know exactly what the game 1241 01:10:37,640 --> 01:10:41,380 is. And as they accelerate and lose 1242 01:10:41,380 --> 01:10:46,460 control of the truth, it's all because of one reason. 1243 01:10:47,260 --> 01:10:49,820 It's because they know they are losing this war. 1244 01:10:49,820 --> 01:10:52,620 And I shout out to my boy Tucson, because he put it so 1245 01:10:52,620 --> 01:10:55,470 eloquently. And maybe this is a little harsh 1246 01:10:55,470 --> 01:10:57,710 and Nico's Ives, but I 100% agree with this. 1247 01:10:58,030 --> 01:11:00,950 All the government spending you see today is not people being 1248 01:11:00,950 --> 01:11:04,390 irresponsible or stupid. They are literally looting as 1249 01:11:04,390 --> 01:11:07,390 quickly as they can before the system collapses. 1250 01:11:09,510 --> 01:11:12,310 Hold on, hold on Nico. Let me let me finish and look at 1251 01:11:12,310 --> 01:11:15,230 the US national debt guys. Remember the amount of looting 1252 01:11:15,230 --> 01:11:18,870 that they've done? It's almost $34 trillion. 1253 01:11:18,870 --> 01:11:21,950 And that doesn't even account for all the unfunded liabilities 1254 01:11:21,950 --> 01:11:27,030 over here at, what, 194? Almost $195 trillion Anyways, to 1255 01:11:27,030 --> 01:11:30,030 wrap this up guys, everything is going exactly as planned. 1256 01:11:30,870 --> 01:11:31,830 Stay humble. Stacks out. 1257 01:11:31,830 --> 01:11:33,350 Stay solvent. We are winning. 1258 01:11:33,550 --> 01:11:36,150 If you really don't believe in central banks, you need to 1259 01:11:36,150 --> 01:11:38,310 huddle bitcoins. Huddling is a use case. 1260 01:11:39,270 --> 01:11:41,870 Everyone's a scammer. Hold as much Bitcoin as 1261 01:11:41,870 --> 01:11:44,430 possible. Anyways, Nico, you can jump in 1262 01:11:44,430 --> 01:11:47,670 and then we can go into music. I went for Opti Jones on today's 1263 01:11:47,670 --> 01:11:48,430 show. I am not. 1264 01:11:49,070 --> 01:11:52,290 It is what it is. Oh, man. 1265 01:11:53,010 --> 01:12:00,290 OK, so a lot to unpack there. I, I, I, I, I think American 1266 01:12:00,290 --> 01:12:04,370 Hodel's tweet comes to mind where he said no one is better 1267 01:12:04,370 --> 01:12:07,530 than their incentives. I don't think they see it as 1268 01:12:07,530 --> 01:12:11,610 looting and that that's not a justification or anything like 1269 01:12:11,610 --> 01:12:14,250 that. But I think that you have a 1270 01:12:14,250 --> 01:12:18,370 system of misaligned incentives where politicians are 1271 01:12:18,370 --> 01:12:20,650 incentivized to get close to the money printer. 1272 01:12:21,860 --> 01:12:24,860 And I think Bitcoin fixes the incentive structure. 1273 01:12:24,860 --> 01:12:28,900 I think that these are just human beings that think that 1274 01:12:28,900 --> 01:12:32,060 they're doing what's best not only for the world, but for 1275 01:12:32,060 --> 01:12:35,300 themselves. Yeah, I'm sure there's some evil 1276 01:12:35,300 --> 01:12:39,020 people out there, you know, but I think that most central 1277 01:12:39,020 --> 01:12:42,980 bankers are just trying to just pay off their mortgage just like 1278 01:12:42,980 --> 01:12:46,660 everybody else. And I think that could be taken 1279 01:12:46,660 --> 01:12:50,100 as like, you know, these people are evil and this and this and 1280 01:12:50,100 --> 01:12:52,460 that. I think that once you fix the 1281 01:12:52,460 --> 01:12:55,020 incentive structure and the incentive structures aligned 1282 01:12:55,540 --> 01:12:59,140 right like in the Bitcoin system, then I think people are 1283 01:12:59,140 --> 01:13:02,500 incentivized to do good. And because they're incentivized 1284 01:13:02,500 --> 01:13:05,220 to do good, it like it, it all kind of works in harmony. 1285 01:13:05,740 --> 01:13:09,940 And I think we have a system where you're incentivized to do 1286 01:13:09,940 --> 01:13:14,820 bad, right, like you're incentivized to, you know, to 1287 01:13:14,820 --> 01:13:17,260 cut corners, to put it gently and nicely. 1288 01:13:18,740 --> 01:13:22,870 And I think that that's really what is, you know, what is the 1289 01:13:22,870 --> 01:13:25,070 cause of a lot of this behavior, right. 1290 01:13:25,070 --> 01:13:28,630 But of course, like, I understand Opti's emotion, 1291 01:13:28,990 --> 01:13:32,070 right? If you are under the age of 35, 1292 01:13:32,390 --> 01:13:35,910 it has never been as expensive to own a home, right? 1293 01:13:35,910 --> 01:13:39,230 It's been, it's much more difficult than it was for our 1294 01:13:39,230 --> 01:13:42,750 parents generation and the generations before them, right. 1295 01:13:43,510 --> 01:13:47,830 So you know it. It's thank God for Bitcoin for 1296 01:13:47,830 --> 01:13:52,320 these moments, right. And again like I I I wouldn't 1297 01:13:52,760 --> 01:13:56,200 you know I wouldn't say that Janet Yellen or Christine 1298 01:13:56,200 --> 01:13:58,160 Lagarde. I I truly believe. 1299 01:13:58,200 --> 01:14:01,360 I don't think they think like I truly believe they think they're 1300 01:14:01,360 --> 01:14:04,520 doing what's best, what what's. That thing that there's you. 1301 01:14:04,760 --> 01:14:09,760 You can't convince someone of something when their job depends 1302 01:14:09,760 --> 01:14:12,040 on it or whatever. Yeah, exactly. 1303 01:14:12,040 --> 01:14:13,600 You can't. Yeah, yeah, I remember that 1304 01:14:13,600 --> 01:14:14,440 quote. I can't. 1305 01:14:14,480 --> 01:14:17,080 I can't remember the exact quote off the top of my head, but 1306 01:14:17,680 --> 01:14:19,760 yeah, you can't convince someone that they're doing something 1307 01:14:19,760 --> 01:14:23,440 wrong if their income or their job depends on it, right? 1308 01:14:23,800 --> 01:14:28,040 So I just I just you know that that's what I. 1309 01:14:28,080 --> 01:14:31,720 Got to say about I like this, a good good balance. 1310 01:14:31,720 --> 01:14:34,080 Where I I'll go off the edge and you're the sober one here. 1311 01:14:34,080 --> 01:14:36,640 But before we go on to the meme review, there's a good comment 1312 01:14:36,640 --> 01:14:39,400 over here on Rumble and it goes Opti Jones 1. 1313 01:14:39,400 --> 01:14:45,800 Lagarde 0. Shout out to the rumble, John. 1314 01:14:46,800 --> 01:14:49,440 Oh man. But yeah, yeah, look, Bitcoin 1315 01:14:49,440 --> 01:14:52,520 fixes this. I think that I think this is 1316 01:14:52,520 --> 01:14:57,520 what this is, what Fiat does it it it did, you know, it 1317 01:14:57,560 --> 01:15:00,640 misaligns the incentives and I think it brings the worst out of 1318 01:15:00,640 --> 01:15:03,400 humanity, and I think Bitcoin brings the best out of humanity. 1319 01:15:04,640 --> 01:15:10,120 So anyways, that's my take. But I understand opti's emotion, 1320 01:15:10,120 --> 01:15:12,240 and I understand where his frustrations are coming from, 1321 01:15:12,240 --> 01:15:15,730 'cause I think a lot of us feel that way, especially if you're a 1322 01:15:15,730 --> 01:15:17,570 zoomer. If you're a millennial, what is 1323 01:15:17,570 --> 01:15:18,970 before Zoomer? I don't even know. 1324 01:15:19,170 --> 01:15:22,970 After I think they call them Gen. like alpha now or 1325 01:15:22,970 --> 01:15:25,450 something. That's so weird. 1326 01:15:26,610 --> 01:15:29,210 Not that it's not weird, it's just it's the first time. 1327 01:15:29,210 --> 01:15:31,050 Yeah, I think they call them Generation Alpha. 1328 01:15:31,050 --> 01:15:32,570 It's like they restarted. So Gen. 1329 01:15:32,570 --> 01:15:35,490 Z, Yeah. Start with the A. 1330 01:15:35,850 --> 01:15:37,610 Yeah. All right, well, I'm excited for 1331 01:15:37,610 --> 01:15:39,250 the meme review. Oh, I got some good ones. 1332 01:15:39,250 --> 01:15:41,770 Let's hit that. OK, all right, let's hit the 1333 01:15:41,770 --> 01:15:43,130 meme review, everybody. Let's do it. 1334 01:15:46,950 --> 01:16:05,510 The Daily Meme Review. All right guys, this is all. 1335 01:16:07,830 --> 01:16:10,270 Right guys, This is the meme review where you guys send me 1336 01:16:10,270 --> 01:16:12,670 memes. Tag me on Twitter. 1337 01:16:13,220 --> 01:16:15,820 Simply Bitcoin TV. Really the best way to get me 1338 01:16:15,820 --> 01:16:19,220 now is at Optimus field because the the our Twitter account is 1339 01:16:19,220 --> 01:16:21,420 getting crazy. Or drop them in our telegram 1340 01:16:21,420 --> 01:16:25,380 group T dot me slash you're going to regret. 1341 01:16:25,380 --> 01:16:26,580 It's whatever. It's fine. 1342 01:16:26,580 --> 01:16:28,180 Blow up my, blow up my notifications. 1343 01:16:28,180 --> 01:16:31,060 They're off. I I I no just join our I. 1344 01:16:31,100 --> 01:16:33,740 Tell them to join the telegram group and no like they're 1345 01:16:33,740 --> 01:16:37,820 starting to drop the memes now like look, look join our 1346 01:16:37,820 --> 01:16:39,860 telegram group. Go to T dot me slash simply 1347 01:16:39,860 --> 01:16:41,700 Bitcoin TV. You could join there. 1348 01:16:41,700 --> 01:16:43,140 It's a party. Drop them in there. 1349 01:16:43,220 --> 01:16:45,540 People are just dropping memes. I need the Twitter. 1350 01:16:45,620 --> 01:16:48,060 I need the tweet. So I can give them credit guys. 1351 01:16:48,300 --> 01:16:51,300 Either way, it doesn't matter. We will adjust and I'll tell you 1352 01:16:51,300 --> 01:16:54,420 to not tag me in the future, but in the meantime it is OK. 1353 01:16:54,420 --> 01:16:56,180 Tweets are the bullets, Memes are the artillery. 1354 01:16:56,180 --> 01:16:59,580 We are in an information war and you are frontline soldiers. 1355 01:17:00,020 --> 01:17:01,780 Continue to get the cause of action out there. 1356 01:17:01,780 --> 01:17:03,500 Continue to ridicule the corporate press. 1357 01:17:04,000 --> 01:17:07,400 Continue to make the funniest to keep your friends heads in the 1358 01:17:07,400 --> 01:17:09,440 game. Anyways, 1st meme shouts out to 1359 01:17:09,440 --> 01:17:13,200 my boy world of Rusty and on Nico's post of bit corner 1360 01:17:13,200 --> 01:17:22,240 slavery he dropped this GIF of the Gilf Christine Lagarde as a 1361 01:17:22,240 --> 01:17:24,360 reptilian demon. And it goes. 1362 01:17:24,360 --> 01:17:27,560 It's your choice in in parentheses a currency that 1363 01:17:27,560 --> 01:17:30,640 steals from you, or a currency that enslaves you. 1364 01:17:31,590 --> 01:17:33,070 Not Doesn't sound like a choice to me. 1365 01:17:33,190 --> 01:17:35,070 It it really doesn't sound like a choice at all. 1366 01:17:35,870 --> 01:17:37,270 Opt out. Bitcoin or slavery. 1367 01:17:37,830 --> 01:17:41,150 Bitcoin or death? Bitcoin or annihilation. 1368 01:17:42,310 --> 01:17:44,990 Doubling down on it. I'm going full Opti Jones today. 1369 01:17:44,990 --> 01:17:47,230 It's all right. I don't do it often anyways. 1370 01:17:47,230 --> 01:17:49,070 Next meme shouts it to my boy Nick Can't mine. 1371 01:17:49,510 --> 01:17:53,830 And I'm sure you guys saw this morning Bitcoin just kissed 30K 1372 01:17:54,190 --> 01:17:59,070 and he's got this tweet here and it goes $30,000 Bitcoin. 1373 01:17:59,660 --> 01:18:03,180 And we got a Pepe here looking at the it's the meme of the guy, 1374 01:18:03,180 --> 01:18:07,180 like looking over into the abyss, but it's like a Pepe and 1375 01:18:07,180 --> 01:18:10,260 he shit his pants. Because I'm thinking we're back. 1376 01:18:10,980 --> 01:18:14,260 I'm thinking we're so back. Oh, actually, actually, let's 1377 01:18:14,900 --> 01:18:18,620 what's the chat think? Chat thinks the bull run has 1378 01:18:18,620 --> 01:18:20,260 started. So we're so bad. 1379 01:18:20,980 --> 01:18:25,100 We are so bad. OK, the next meme is by TK. 1380 01:18:25,850 --> 01:18:28,650 Chat led to TK. He's in the chat or in the 1381 01:18:28,650 --> 01:18:33,730 Telegram group at toxic cat 27. And we got this kid here with no 1382 01:18:33,730 --> 01:18:36,690 shirt on. He's gambling at the casino and 1383 01:18:36,690 --> 01:18:42,170 the kid is the banking parasites and the the slot machine is 1384 01:18:42,170 --> 01:18:46,650 government debt and them just keep pulling on the on the lever 1385 01:18:46,650 --> 01:18:48,170 and it's your entire life saving. 1386 01:18:48,370 --> 01:18:51,330 This is what's going on. The banking parasites. 1387 01:18:51,570 --> 01:18:55,210 The bureaucrats out there. The lizards, whatever you want 1388 01:18:55,210 --> 01:18:59,450 to call them, they are gambling with your life savings. 1389 01:18:59,490 --> 01:19:03,330 It is absolutely incredible. Anyways, next one is Ghost to 1390 01:19:03,330 --> 01:19:04,410 back. Then it goes Good morning 1391 01:19:04,410 --> 01:19:07,410 Hashtag Bitcoin Pump and we got the silverback gorilla with his 1392 01:19:07,410 --> 01:19:10,810 hand on his head and he's so concerned because you do not 1393 01:19:10,810 --> 01:19:12,850 have enough Bitcoin and we all feel the same way. 1394 01:19:12,850 --> 01:19:15,810 Once Bitcoin starts pumping, it's like damn, I probably 1395 01:19:15,810 --> 01:19:17,690 shouldn't shouldn't have bought that one thing. 1396 01:19:18,170 --> 01:19:20,090 Everyone's a scammer, including myself. 1397 01:19:20,090 --> 01:19:22,370 You are usually the biggest scammer because you scam 1398 01:19:22,370 --> 01:19:25,590 yourself out of Bitcoin. Don't take your foot off the 1399 01:19:25,590 --> 01:19:27,190 gas, all right? Next meme is by the BTC 1400 01:19:27,190 --> 01:19:29,870 therapist. OK, today's episode. 1401 01:19:30,470 --> 01:19:35,030 OK, today's episode. All right. 1402 01:19:35,950 --> 01:19:37,630 Hold on. That's your meme review score, 1403 01:19:38,550 --> 01:19:42,310 All right, It's it's on it's, it's it's on the border of 1404 01:19:42,310 --> 01:19:46,510 radical OCTI, OK? Radical we got to we got to 1405 01:19:46,510 --> 01:19:48,790 move. We got to move this is. 1406 01:19:48,790 --> 01:19:52,270 Sensible and popular amongst my demographics. 1407 01:19:53,270 --> 01:19:55,990 We got to move that closer to the middle, bro. 1408 01:19:58,030 --> 01:20:04,390 All right, all right. Hey, call me the crazy, crazy 1409 01:20:04,750 --> 01:20:06,430 uncle. I'm OK with this. 1410 01:20:06,510 --> 01:20:09,070 Crazy uncle Jim. Anyways, BTC therapist, the 1411 01:20:09,070 --> 01:20:11,070 battle has just begun. Hashtag BTC. 1412 01:20:11,630 --> 01:20:13,790 Just deep dumbling down, are you Nick? 1413 01:20:13,790 --> 01:20:16,630 This is going to end very good. Look, we got the giant beast 1414 01:20:16,630 --> 01:20:17,390 here. U.S. 1415 01:20:17,390 --> 01:20:20,830 National debt with the money printer and us you know David 1416 01:20:20,830 --> 01:20:23,420 versus Goliath. With the Bitcoin logo. 1417 01:20:23,420 --> 01:20:26,580 The Bitcoin logo. And that's fighting the monetary 1418 01:20:26,580 --> 01:20:30,020 demons. OK, next one Canute spawn home 1419 01:20:30,420 --> 01:20:32,980 Pill or Suppository. Your choice, Take the orange 1420 01:20:32,980 --> 01:20:36,700 pill now, or you take the orange Bitcoin Suppository later. 1421 01:20:37,420 --> 01:20:38,740 You can make it easy on yourself. 1422 01:20:38,940 --> 01:20:40,620 Be wise. Learn from what we're saying. 1423 01:20:40,620 --> 01:20:45,100 Our mistakes saving Bitcoin or you know the the economic 1424 01:20:45,100 --> 01:20:49,110 reality of printing too much money will force you to take 1425 01:20:49,110 --> 01:20:51,990 Bitcoin. And this last one, Nico, this is 1426 01:20:51,990 --> 01:20:54,350 this is the one that came out of our slack. 1427 01:20:54,710 --> 01:20:57,070 So Copernicus in the chat triggered. 1428 01:20:57,990 --> 01:21:07,550 Here's Opti on the couch. With the central bankers and 1429 01:21:07,550 --> 01:21:11,630 bureaucratic parasites and we got Jay Powell, Chrissy Lagarde, 1430 01:21:11,630 --> 01:21:15,110 Janet Yellen, Augustus Carson and Gary Gensler. 1431 01:21:18,100 --> 01:21:19,540 Shut up, Sophie. You're creating that? 1432 01:21:20,660 --> 01:21:23,260 Oh my. Goodness, today's today's meme 1433 01:21:23,260 --> 01:21:27,300 review score for me is the Overton Window all right? 1434 01:21:27,780 --> 01:21:31,140 And I see a lot of sensible chats and popular. 1435 01:21:31,220 --> 01:21:34,900 If if you are in the middle, you are toast. 1436 01:21:35,260 --> 01:21:39,820 If you are in The thing is guys OK, the more you go to 1437 01:21:39,820 --> 01:21:45,260 unthinkable and radical what you do is you exclude people that 1438 01:21:45,380 --> 01:21:47,260 haven't taken the orange pill yet. 1439 01:21:47,720 --> 01:21:53,360 So sometimes it's a good guys like Nico's Nico spin facts and 1440 01:21:53,360 --> 01:21:56,120 I know I went full Opti Jones got triggered on the show today. 1441 01:21:56,360 --> 01:22:00,160 But I say it all the time, You know, what we are doing here is 1442 01:22:00,160 --> 01:22:05,840 narrative trench warfare. And as much as it's a knee jerk 1443 01:22:05,840 --> 01:22:09,120 reaction to just like, go full crazy and like, you know, fool 1444 01:22:09,120 --> 01:22:12,840 Charlie Day on people, it's really about, you know, holding 1445 01:22:12,840 --> 01:22:17,460 their hand slowly but surely, guiding them towards the truth 1446 01:22:17,540 --> 01:22:19,780 and getting them over the Overton window. 1447 01:22:19,780 --> 01:22:23,340 Whoa. I got a huge Hornet in my dad's 1448 01:22:23,340 --> 01:22:24,500 office. That's crazy. 1449 01:22:25,060 --> 01:22:28,460 OK, all right, my score for today, My score for today is 1450 01:22:29,220 --> 01:22:31,460 this petrified wood. This rock. 1451 01:22:31,460 --> 01:22:36,740 Petrified wood Here, it's a rock, but it's petrified wood. 1452 01:22:37,780 --> 01:22:41,460 OK, anyways, that's pretty. Fucking cool. 1453 01:22:41,660 --> 01:22:42,820 Is it a rock? Is it a rock? 1454 01:22:42,820 --> 01:22:46,620 Or is it or is it wood? No one knows it's petrified 1455 01:22:46,620 --> 01:22:47,340 wood. It's rock. 1456 01:22:47,340 --> 01:22:51,020 It's a rock, but it's petrified wood. 1457 01:22:51,900 --> 01:22:56,420 My my dad likes petrified wood anyways. 1458 01:22:56,420 --> 01:23:00,140 Anyways, drop your meme review score in the chat. 1459 01:23:02,180 --> 01:23:04,340 I'm so confused. You've never seen petrified Wood 1460 01:23:04,340 --> 01:23:07,220 before? And what does that even mean? 1461 01:23:07,220 --> 01:23:08,180 I don't even know what that means. 1462 01:23:08,180 --> 01:23:11,260 It means it was wood. It was a tree. 1463 01:23:13,560 --> 01:23:17,600 And over time, it became a rock. Wow, dude. 1464 01:23:18,040 --> 01:23:20,920 Jeez, you've never been in a forest before. 1465 01:23:20,920 --> 01:23:24,560 You've never seen these things? Dude, Wow, you're so Miami. 1466 01:23:24,560 --> 01:23:26,120 It hurts. There's too. 1467 01:23:26,160 --> 01:23:28,160 There's too many palm trees. Oh, Miami guys. 1468 01:23:29,360 --> 01:23:33,640 Check out our merch if, if, if. If you don't buy our merch wine 1469 01:23:33,640 --> 01:23:35,240 will get very upset. If you don't buy our merch, 1470 01:23:35,240 --> 01:23:40,440 we're poor. Help support the show. 1471 01:23:40,440 --> 01:23:42,520 It means a lot to us guys. It really does. 1472 01:23:42,810 --> 01:23:46,370 It really does and it really, you know, it helps us a lot. 1473 01:23:46,610 --> 01:23:48,930 We got a bigger crew than you guys would think. 1474 01:23:49,050 --> 01:23:51,250 Yeah, a lot shouts out to everyone behind the scenes. 1475 01:23:51,250 --> 01:23:54,090 That makes sure simply Bitcoin brings you guys all the sauce. 1476 01:23:55,090 --> 01:23:57,210 Should we start dropping? There's too many names. 1477 01:23:57,290 --> 01:24:00,490 I don't want to miss anyone. Jacob, Chris. 1478 01:24:00,850 --> 01:24:08,850 Zach Rustin, Honey Shark tack wine, rusted Morpheus. 1479 01:24:10,690 --> 01:24:15,000 That's everyone. I think we Mike, Sophie, Sophie, 1480 01:24:16,600 --> 01:24:19,320 Yeah, I think that's it. Just like ten of us, including 1481 01:24:19,320 --> 01:24:23,040 us. Anyways, help by and we'll get 1482 01:24:23,040 --> 01:24:25,360 you guys the other merch too. We'll work. 1483 01:24:25,400 --> 01:24:29,240 For Yeah, actually actually yell at Nico, because he's the 1484 01:24:29,240 --> 01:24:33,680 Treasury right now. Wait, what? 1485 01:24:33,680 --> 01:24:36,120 We haven't even gotten rid of the I know I. 1486 01:24:36,520 --> 01:24:38,000 Know. Do you want me to buy more 1487 01:24:38,040 --> 01:24:40,480 fridge? OK, All right, all right. 1488 01:24:40,480 --> 01:24:42,600 I'm a free market, maxi. They want the. 1489 01:24:45,240 --> 01:24:50,920 They want the merch, if you know, you know. 1490 01:24:50,920 --> 01:24:52,040 All right, all right, all right. All right. 1491 01:24:52,040 --> 01:24:53,880 All right. What a wow. 1492 01:24:53,880 --> 01:24:55,800 We I really derailed today's show. 1493 01:24:58,320 --> 01:25:00,280 I don't approve of any of this, all right? 1494 01:25:02,160 --> 01:25:08,880 OK. Tora. 1495 01:25:08,880 --> 01:25:12,080 Paddle My me. My meme Score Yesterday's Meme 1496 01:25:12,080 --> 01:25:15,480 Factory Show Happy 40 Fug Special. 1497 01:25:16,160 --> 01:25:17,920 Yeah, Happy birthday Greg. I dropped him. 1498 01:25:17,960 --> 01:25:19,880 Is he 40? Was his 40th birthday yesterday. 1499 01:25:20,800 --> 01:25:22,280 Well, that's some. That's awesome, dude. 1500 01:25:22,360 --> 01:25:24,800 Happy birthday, Greg. Legendary memeur of Bitcoin. 1501 01:25:24,800 --> 01:25:29,760 Twitter Sicko 05 Game of the Year Shadow of the Colossus on 1502 01:25:29,760 --> 01:25:35,090 PS2 in 2005 OK, OK. I love video games, so I'm sure 1503 01:25:35,090 --> 01:25:37,330 that would that provided some good memories for you, bro. 1504 01:25:37,770 --> 01:25:41,010 Igor, A radical lizard Suppository. 1505 01:25:41,330 --> 01:25:43,250 OK. Hey, very nice, very nice. 1506 01:25:43,730 --> 01:25:48,170 Next one, Elaine Chrissy breaks down at the IMF conference, 1507 01:25:48,170 --> 01:25:52,450 possesses her love for, then announces she has become a 1508 01:25:52,450 --> 01:25:55,450 bitcoiner. Wow, that would be that would 1509 01:25:55,450 --> 01:25:57,450 break the Internet. Skip down the road. 1510 01:25:57,450 --> 01:26:00,850 Meme score 21 million. Author of The Jungle. 1511 01:26:00,850 --> 01:26:04,740 Upton Sinclair. It is difficult to get a man to 1512 01:26:04,740 --> 01:26:08,460 understand something when his salary depends on his not 1513 01:26:08,500 --> 01:26:09,780 understanding. Thank. 1514 01:26:09,780 --> 01:26:12,180 You That is the That's the quote. 1515 01:26:13,220 --> 01:26:18,260 Planet Earth Gold is petrified. Useless money, OK? 1516 01:26:19,660 --> 01:26:21,340 It's a good score. Are we buzzing? 1517 01:26:21,340 --> 01:26:26,220 Last one, Are we buzzing? OK XX Meme Score 1 Petrified 1518 01:26:26,220 --> 01:26:32,280 Blonde St. All right, guys. 1519 01:26:32,400 --> 01:26:36,560 Thank you so much for for tuning into Simply Bitcoin. 1520 01:26:36,800 --> 01:26:39,480 We appreciate all guys. I'm, I'm, I'm getting put back 1521 01:26:39,480 --> 01:26:42,280 into the cage over here. I I guess I went too far over 1522 01:26:42,280 --> 01:26:44,760 the Overton window. Your boy. 1523 01:26:44,960 --> 01:26:49,480 Your boy went ballistic. No, no, no. 1524 01:26:49,480 --> 01:26:51,560 I I think I got you riled up. I think you did. 1525 01:26:51,960 --> 01:26:53,840 Hold on. Wait, whoa, There's meme scores 1526 01:26:53,840 --> 01:26:56,200 on Rumble. We Got a Fuck Banks by John 1527 01:26:56,200 --> 01:26:59,570 Plumb. We got an Idle Threat Meme score 1528 01:26:59,570 --> 01:27:04,010 Opti playing with his No no, no, that is wrong. 1529 01:27:04,090 --> 01:27:07,210 OK, never mind not reading rumble meme scores. 1530 01:27:07,210 --> 01:27:11,170 No, no Opti playing with his rock, his dad's rock. 1531 01:27:11,170 --> 01:27:14,010 Like, no, no, I do not endorse that. 1532 01:27:15,810 --> 01:27:18,770 It's a rock, bro. You're reading too much into the 1533 01:27:19,050 --> 01:27:24,050 meme. Anyways guys, if you enjoyed the 1534 01:27:24,090 --> 01:27:26,890 show, you know what to do. Smash that like button consider. 1535 01:27:27,670 --> 01:27:30,270 Consider subscribing if you feel like we provided you value. 1536 01:27:30,270 --> 01:27:32,470 But the number one thing you could do to help push the 1537 01:27:32,470 --> 01:27:34,710 peaceful Bitcoin revolution is share this content. 1538 01:27:34,710 --> 01:27:36,270 In fact, share all Bitcoin content. 1539 01:27:36,550 --> 01:27:39,190 Don't be exclusive, be inclusive. 1540 01:27:39,750 --> 01:27:44,910 And yeah guys, have an amazing weekend and we will see you guys 1541 01:27:44,910 --> 01:27:49,230 on Monday for brand new episode of Simply Bitcoin Live. 1542 01:27:49,670 --> 01:27:52,230 But if you want to join the after party and we'll be holding 1543 01:27:52,230 --> 01:27:55,810 it down with Opti today. You can join us on Twitter 1544 01:27:55,810 --> 01:27:58,170 Spaces, which we Co host with our friends over at Swan 1545 01:27:58,170 --> 01:27:59,850 Bitcoin. Best place to build your Bitcoin 1546 01:27:59,850 --> 01:28:01,890 stack? Shout out to the best producer 1547 01:28:01,890 --> 01:28:05,290 in the game, Producer Jacob, and if you guys want to join the 1548 01:28:05,290 --> 01:28:09,010 conversation and continue the topics that we talked about 1549 01:28:09,010 --> 01:28:12,210 today, yeah, definitely join Twitter. 1550 01:28:12,290 --> 01:28:15,050 But until then guys, like I said, have an amazing weekend. 1551 01:28:15,050 --> 01:28:18,330 We will see you Monday 12:15 PM Eastern Standard Time for 1552 01:28:18,330 --> 01:28:21,210 another episode of Simply Bitcoin Live. 1553 01:28:21,210 --> 01:28:21,810 Peace out. Y'all. 1554 01:28:34,210 --> 01:28:38,890 Yeah, that show was lit, absolute lit show. 1555 01:28:39,490 --> 01:28:40,930 Had a great time, had a great.