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We will be your guide through the separation of money and
state kind of II. Don't hear enough?
People talking about this but Elon elon's plan for Twitter, is
kind of scary because he is taking How do I say this?
He's, he's inspired by WeChat, right?
And WeChat, is this, like popular application in mainland
China, and basically, it does everything.
So it's like Twitter messaging, everything in one application,
and the CCP has used WeChat to either sensor.
People control people. You, you do payments through
each at, right? So it's a very, very powerful
tool for the state to To control individuals and you know, Odell
has been talking about, you know, the blue check and how the
blue check was like the Trojan Horse to basically authenticate
any everybody on Twitter and at first, you know, I was like no,
that's just being paranoid. But then over time, you know,
you start to pick up on the patterns like once it's been
brought up to you and it is very scary.
And and the thing is like I think Elon is right in the sense
that, you know, one of the best ways to Decrease Bots and these
platforms is just for someone to, you know, pay a little bit,
pay a little bit of SATs, right? Doesn't even have to be that
much money, but then, that makes it impossible to create these
Bots armies because it just becomes so freaking expensive.
Now, you could do that with Bitcoin, right, but elon's
proposal is doing it with the traditional Financial system and
you can't have, you know, you can't have a bank account, you
can't have like a payment system, unless your real
identity is connected to It and then that kind of leads the road
that leads down the rabbit hole of how long until governments
kind of use this against us. And this isn't just like me just
speaking, you know, off the top of my head Twitter has already
been weaponized right? And you know when the Twitter
files were released, it came out even in the US where speech is
supposedly protected by the First Amendment.
The US government did request Twitter to remove certain types
of speech at did not agree with right?
So, you know, these These are the same people that are saying,
hey, trust us versus what bitcoiners are saying.
It's like how about you just trust minimize and Trust less
and just verify. So anyways, we're going to talk
about that today. Before we start the show on a
bring up my legendary co-host. Always optimistic.
That's why his name is Optimus Fields.
How you doing, buddy? I'm doing good.
I'm already getting roasted in the chat.
Shuts out to my boy over there. I can't fit anything in Twitter
spaces without him twisting my words.
And Give me like bad but a shout out to my boy man.
It's good. I was just telling everyone, I
got extra sleep this morning. I'm I'm really taking my sleep
seriously now because I hey, men content game is draining.
But anyways enough of me shouts out to Matt Odell first and
foremost for beating this drum and I think it's becoming very,
very obvious at least to the more paranoid bitcoiners out
there. What is happening with Twitter
and we'll see. We'll see how it goes.
And how? How it plays out because I don't
know, man. The, the inklings that we are
seeing doesn't make me feel too good about it.
Even though I have been holding out my, my judgement for a while
because I don't know what's going on in his head.
I don't know what they're doing on the back end, but I don't
know man. The trail just doesn't seem like
it's going in the best Direction.
I really do hope that Twitter does fight for freedom of speech
because it is the Public Square for conversation.
The battleground of ideas and I think it needs to maintain and
stay that way so we'll see what happens.
I don't know. The receipts though are a little
the data points that are a little concerning.
I'll say the least but let's bring in our guest.
We got Rune here author of fraud coin and we're going to be
talking about something. That we love to talk about here
on the show. All this is like our favorite
topic here. It's inflation is theft, and
it's bitcoiners slavery. So, this is going to be a great,
great show. Yeah, absolutely.
And I can't recommend this book enough room.
Thank you so much for reaching out to us.
We're super happy for you to join us on the show today.
Anyways, everybody, let's jump straight into numbers.
We got a lot to talk about. Let's check it out.
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the grand scheme of things. Bitcoin is still a baby.
I'm not going to be able to play you.
The last part of this video because unfortunately you know
there was music used and we don't want to get copyrighted
but it's a very some some very interesting question by reporter
to the head of the Federal Reserve.
Herman, Jerome Powell. Let's check out the clip and
then we'll talk about it. CBO projects, the federal
deficit to be 2.8 trillion in 10 years as he be also says the
federal data be fifty-two trillion by 2033 at what point
do you talk more firmly with lawmakers about fiscal
responsibility because I'm assuming monetary policy cannot
handle alone the inflation or keep that inflation in check
with the higher level spending. I don't do that.
That's really not my job. I will say and many of my
predecessors have said that we are on an unsustainable fiscal
path and that needs to be addressed over time.
But I think trying to get into into that with with lawmakers
would be, would be kind of inappropriate given our
independence and our need to stick to our knitting.
Is there any conversation? I can't play the rest because of
the music but here's a really, really useful graphic, you know.
It says Federal Oil. You know, here we go.
This is the federal debt held by the public 1900 projected from
1900 projected until 2053. And yeah, it's you know, Michael
Sailors thing and I think you know Joe said it right, it's
going up forever and the bet the FED is buying and also like the
fact that they're independent like this like whole idea it's
like the Federal Reserve is independent like that's what
they sell the American public on it.
Any type of spending that that Congress, you know, agrees upon
the Federal Reserve facilitates? So I mean like sure you could
say you're independent, but like you're just like short, you
know, we can't afford this. This is definitely going to
affect the future Generations. Not to mention the fact that
every time they print money, the lower middle classes, get poor
because their cert, they're saving and earning and Fiat and
it's really the, the You know, the the wealthy that have the
means to save and assets the benefit from asset inflation.
Everybody else gets the short end of the stick, right?
So there are real life consequences to this money
printing to taking on the success of this excessive debt.
And again like this debt isn't being bought by, you know, by
Foreign governments or you know by you know the the private
Market. This is the this is the Federal
Reserve buying their own shit, right?
So it's just It's just a bunch of BS and you know the hubris
and also the wording like Hey we're independent II disagree
with that. Anyway.
Anyways Rune, I know this is right up your alley.
What are your thoughts on this? This is clear from my
perspective from the perspective of Simply Bitcoin or for the
perspective of Nico better said, this is just a whole bunch of
whole bunch of Fiat bullshit, in my opinion.
Yes, field bullshit at this, you know, it's talking about being
independent. Well, it's important that
people, you know, the enormous get the impression that they are
into independent and that sort of they are doing a job for us
for society and that they're supposed to have a some distance
to the petitions because the petitions are they aren't very.
Yeah, they are short. While the FED these supposed to
be sort of having the taking them along, give you, but all of
us who attend this show. Now today, I think bit Posh know
that this is a marriage between the banking sector and the
state. So the independent Independence
is just, it's just a charade. That's my opinion, at least, 100
percent. And I love how you said that,
right? It's this man.
Marriage between the state and the central bank, right?
It's great for politicians because they have this unlimited
checkbook. It's great for the central
Bankers because they're protected by the politicians,
right? It's this, it's this demonic
marriage between the two while everyone else gets screwed,
right? So it's just interesting, how,
you know, it's just I love the way that you phrase that
anyways. Opti Elaine says the best a
marriage, a marriage, a marriage made in heaven, I agree.
Anyways. Opti.
What are your thoughts on the video, my friend?
Well, you know obviously we always harp on the idea that
inflation is staffed. Inflation is the silent way to
take the majority of people's money, but I'm going to take it
at a different angle, you know, as a Bitcoin, ER, as someone
that has completely resisted, the Fiat Matrix is opted out.
It's kind of one of these things where it's just like continued,
the clown show and we just get to observe it and I'm, you know
what's the mean like unfazed unbothered?
In My Own Lane, doing my own thing building as much value as
possible. And just like, really not
falling for the Fiat games because it really does blow my
mind that the majority of people sit around and wait for the FED
to make calls. They really do believe people in
the suits are, you know, doing their best, that they have their
best interest in mind and I don't know, maybe, I'm just so
far down the rabbit hole that that I can see through the
facade. And I'm just like, man, it just
feels good being a bitcoiners. In the face of all the stuff, of
course the price. You know, got wrecked yesterday
after the fomc meeting a little, we won't say that it is
connected or anything, but it just really blows my mind that
we are quote unquote, the extremists out here, the
psychopathic Financial illiterates when it just the
Bitcoin system is just so much simpler.
It just my life is so much better on the Bitcoin standard
and this is something we talked about all the time.
Your life gets more expensive on the Fiat standard and as a
Bitcoin or your life gets cheaper and better.
And this is the message that we try to spread to as many people
as possible. You want to live a better life,
you want to get off the, the rat wheel, you know, the the rat
race, the Fiat matrix, it's save and Bitcoin.
Like you need to save a little bit of Bitcoin or else you're
going to continuously be at the whim of these people what's the
what's the saying that every Bitcoin?
ER and every libertarian says the Federal Reserve is not
federal and it Is no reserves. Like, it is a private company.
And like, you guys are saying, it's merge between the state
and, and, and the FED, like, it's just, it's incredible.
That this is the status quo. It really blows my mind that
people just think that this is normal, and that there's no
other option, there's no alternative and it's obviously
Bitcoin, it's simply Bitcoin, it's simply Bitcoin do is you
don't have to complicate your life.
Just stick to Simply Bitcoin. Anyways, everybody, let's jump
into the news. We got a lot to talk about.
Let's check it out. The Daily News, The Daily News
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yes, do download the orange pill, that's good too.
Anyways, or take the orange pill better said.
Anyways so here's so I you know, I set it in the very beginning
and the opening monologue. I said, you know, Eli On is in
love with this Chinese application.
It's called WeChat, you know, you don't trust verify here he
is saying it himself. I have been working on an edit
button for a year. Well it's a hard, It's Tricky
situation. I didn't incredibly complex.
I mean that's as good as we chat and China and like in China.
You like live on WeChat please. It's like yeah, everyone is like
that they like And we chat is your payment's you do
everything. It's like, yeah, it's great,
basically tracks kick ass and we don't have anything like WeChat
outside of China. So, I mean, it sounds like great
in theory like okay, this app is one app that does everything,
right? But I mean, what's not talked
about, is that how that could potentially be used against the
populace, right? So if you have all speech in one
app, right? If you have all, you know,
payments in one app, going through the app, right?
Right. Look at what has happened with
Twitter? Look at.
Who's that happen with YouTube with the censorship.
Look what happened with the Canadian truckers protest right
now, could you imagine, if all of that was Consolidated Under
One Roof in one application? It's not like not, it's not like
Noster, right? It's a protocol.
The decentralized protocol. You can't can't just pull
something off. Nasser, you can't delete it
right? No it's a centralized
application. Therefore it's very easy.
Pickings now it's okay Nico. Just Annoyed, what are you
talking about? And then I saw this and this is
a Twitter account called Twitter, daily news.
And it goes on to say Twitter to change policy to help reduce
spam DM's later. This week, only verified users
will be able to send EMS to users that don't follow them
back. And Elon goes on to say,
hopefully releasing this the update this week.
As I've said many times it is increasingly difficult to
distinguish between AI Bots soon.
It will be impossible. The only quote social networks
that survive will be those that require Verification.
The payment system is a means of verification that increases
bought cost by 10,000 x. Now I don't think that's that
bad to be honest but what I do think it's bad is if you're
going to require payment verification through the
traditional Financial system which requires your identity be
tied to that said, verification, right.
Anyways, here's American hot oil and I he has this pin to the top
of his profile and I think It's a very appropriate tweet to the
specific subject. He goes on to say, identity is
the next bubble? It would be it will be nerd
nurtured by the same Unholy Alliance that brought you see
Phi D, Phi, n f. TS + participation of global
governments will update as this progress progresses over the
next few years. Let's begin by milk by
bookmarking. This tweet from the EU Council
and the EU Council in. This came out in December 6
times 20, 22 says a common European digital Leti, wallet,
your Eid, your driving license, your payment cards, your
Essential Medical information. All in one place, accepted in
all EU countries and like, and we seen what the CCP has done
with WeChat. We've seen them use that as a
tool, as a weapon, better described to in order to
basically apply soft power onto their populace and it's not
direct coercion. It's kind of like Look, if you
go this way, we're going to penalize you.
And we might take away your ability to travel and we might
publicly shame you. But if you're good well, behave,
citizen of which a central planners get to Define and
decide what that is, you can do whatever you want, right?
And this is a politician, the central Bankers, literally, a
wet dream, really, and it creates kind of a Honeypot.
And shout out to Adele because he Really picked up on this
first, and he was really screaming from the rooftops.
This, you know, it's the blue checkmark it's the way in.
And, you know what? I for a long time, I kind of
resisted it. I was like, no, this is
annoying. And then there's so many body
counts that they're like, we're copying my account.
I was like, and I was getting messages from people all the
time like this person's copying, you know.
It got to a point where it's like, dude, I have to get the
blue check, you know? But this is this is this is what
I was just talking about just a couple seconds ago, right?
Where they create a situation where it's like, like Elon just
said it, right? It's like the only people that
are going to be able to, you know, mess.
Are people that are verified, right?
So, it's, again, it's not a direct coercion, it's that like,
if you don't go this way, your life is going to be a lot harder
if you go the other way, right? So, and I love this article by
Odell, I think he really breaks it down and he says, the blue.
Check is the first step in elon's plan to bring the Chinese
social credit score system to the West.
If you cannot resist, the temptation of the blue check and
its current form you have already lost.
What comes next will be much darker.
Here's a, here's a Twitter profile, Twitter screenshot of
Elon says, if our Twitter bird, if our Twitter bid succeeds we
will defeat the spam Bots or die, trying and authenticate.
All Humans Odell goes on to say we will not live in a pod.
We will not eat the bugs, we will not get the chip will not
get a blue check. We will not use cbc's Live Free
or Die. Why did Ilan by Twitter for
forty four billion dollars? What value does he see?
In it besides the greater influence that undoubtedly comes
with controlling one of the largest social?
Forms in the world. We do not need to speculate.
He made his intentions incredibly clear.
In his first meeting with Twitter employees after his
takeover, WeChat of the West here is, I'm assuming, it's a
message from Elan says Tesla CEO, Elon Musk Compares, his
Ambitions for Twitter to WeChat the most popular app in China,
during his first meeting with Twitter employees on Thursday
quote, think of it. Like, we tried in China, which
is great now. But there's no WeChat equivalent
outside of China. There's a real opportunity to
create that you basically live on WeChat in.
China because it's so helpful. So useful to daily life.
I think if we achieve that or come close to that with Twitter,
that would be a success. And it goes on to say, to those
that do not appreciate Freedom. The value prop is clear.
We Chat is incredibly powerful and successful in China goes on
to say to those that do appreciate Freedom.
The concern is clear, WeChat has essentially become required to
live in China has surveillance and censorship integrated at its
core. And if you're banned from the
app, your entire livelihood is at risk employment.
It, housing payment, straight travel communication and more
and more become extremely difficult.
If we chat sensors, determine you have acted out of line,
right? In June, a Chinese student in
California, mentioned a taboo on WeChat the government's body
1989, Crackdown on Tiananmen Square, protests hours later.
His account was banned from WeChat cutting him off from
family, and friends, back home to regain access to his account,
Eric who spoke to rest of world under a pseudonym.
So he and discuss sensitive issues freely was forced to
write a heartfelt apology to 10, sent the message, the messaging
apps parent company. So it's basically got like a
totalitarian collectivist struggle session, right?
Where they tie you up to a chair and they don't let you go until
you say. I am sorry, forgive me for my
sins. I write, I did.
You know, I did something that's wrong and whatever.
However, which way you believe it about, what happened in
tenements Square, it happened right in China it's not even
allowed to be discussed. Not even allowed to be talked
about, right? It goes on to say, I promise not
to post anything in violation of laws and regulations to
safeguard, social stability, and 10 cents.
Business Eric recalled writing in the 500 character letter
which he threw into a trashcan later.
Quote, thanks 10, cent for providing us with such a good
communications platform. Thanks Elon for providing like
dude. It is so crazy.
Here's a great graphic of it like being broken down and this
idea of social So credit is this idea of a social credits or so
positive or negative influence? You know, it goes on to say tax
rate, land, allocation Market Access, Credit conditions, state
subsidies loans, traveling job, opportunities access to social
media, real estate, purchase phone contacts.
All of that, could be potentially affected if your
social credit system goes up or down.
It goes on to say, the blue check is the first step and
elon's plan to bring this Chinese.
So So credit system to the West users who verify their identity
a rewarded with more reach and better tools.
And those that do not verified users, are the main product of
elon's Twitter and extensive database of individuals and and
complete control over all of the tools, he will slowly get them
to rely on. It is easier to monetize cattle
than free men, if you cannot resist, the temptation of the
blue check and its current form you have already lost.
What comes next will be much darker if you realize the need
to resist free. Um, text provide us with options
and one of those options of course, is Noster.
And I think Noster proves that you don't need a.
You know, you don't need this Central authority to verify your
identity. I think the Noster feature did
it. Well sailor I think has like
beat it off, you know, he screamed it off the rooftops,
basically saying hey you can you can use SATs you know to pay for
verification to get like a Bitcoin check or whatever.
There's clearly a Turn it is, you don't need to go in this
direction. So I just find it.
Like it's just you know it's definitely a shame and then of
course Beauty on made a great observation.
And this was at elon's reaction to Apple.
Basically D platforming Damas for allowing satoshi's to be
sent directly to creators. Peer-to-peer Elon says if Apple
competes against the whole world, Apple will have the whole
world, a world against it, this This is not a winning scenario
and Beauty on goes on to say and I think it's a really good
observation lost on. Ilan is the fact that the dhamma
Scandal is over Bitcoin when the whole world settles on bitcoin,
both apple and Ilan will be forced to concede total defeat
Bitcoin is not a game and supporting doge is not funny at
all, is Elon beginning to see this now.
Who knows? I don't think he's incentivised
to see it. I don't think eons incentivized
to adopt something like Bitcoin. I think, I think Elon is
incentivized to The intermediary because that's how he takes a
cut. Like, that's how you know,
that's that's how he makes Regulators happy.
Because, you know, they have more control over the situation.
If you allow peer-to-peer to be introduced into the app then
there is no that by definition. There is no intermediary, right?
If there is no intermediary that it does it's not an easy target
for governments to co-opt and it's you can't rent seek either
right with peer-to-peer transaction.
So yeah, just you know I think elon's are really Smart guy.
I think he knows exactly what he's doing.
I think this is part of the motivations that he's not a fan
of Bitcoin either that or what beauty on said, maybe he's
naive. Maybe he, you know finds a
comical like yeah Doge. Haha, you know it you know I
know he likes memes, maybe maybe that's the case.
I don't know. Anyways Rune is this, you know
it was brought up about the EU and then being so bullish on,
you know, all these crazy system.
I can't believe they posted that out and then they thought that
they would Like, people are going to resonate with that
like, oh sweet, everything in one place.
So convenient, this is amazing. Thank God for the state.
They're so amazing. They're just making my life.
So easy and so simple. I'm just curious.
What are your thoughts men? Well, first of all, I have some
experience with the EU because I spent three years working for
the European commission some funky years ago and I was I
wasn't very impressed. But with their motives for the
laws that they try to impose on the Europeans, so I'm quite
skeptical to the EU. It has gotten even worse much
worse. Actually, since I was working
there and now they sinews were the plans concerning Twitter.
I think it's Difficult to to be in Iran's position actually.
I think it's a very difficult play difficult game that has to
play along and I'm not trying to guess too much about his
motives. What is going to do with Twitter
in the future? I hope he's not sort of trying
to to fool us. Us and do bad things with us but
we never know. I think we just have to pay
attention and at least it seems to me that these news are quite
bullish for for imposter. So it might also be like a
little bit the same as with Bitcoin and the Fiat monetary
system. Because if if the And on the
other side from central banks, try to expand the money supply
and abuse, the traditional monetary system monetary system
too much, then people will try to explain Escape into Bitcoin
and it might be a little bit the same mechanics concerning them
social media as well. And especially with Twitter that
if Elon Musk prize to do, Do bad things or we suspect that he is
going to do bad things with us. Then we will look into other
Alternatives and try to get have a better social life or Noster
and similar platforms. So it's a very Dynamic
situation. I guess we just have to pay
attention and see what happens. 100, 100 percent agree with you.
Just we got to pay attention, we got to keep our eyes peeled.
But I think that if you create this, this Honeypot, right?
I think it's inevitable for bureaucrats to look at that and
say, hey, wait a second, you know, like they have all the
information, all the speech is talked about, you know, on that
platform, you know, like people are making payments on that
platform. So it just becomes like this
Target and you mentioned Noster earlier.
Yeah. Like absolutely.
This is this is great. Now, the only question, right?
And the jury's out on this right?
Is it will Nasser be able to become overcome Twitter's
Network effect if it does great, because then they're even if
governments want to, you know, apply pressure.
They literally can it's like Bitcoin, right?
It's like, you know, they could say, okay, you know, we are
sanctioning this address, but if they don't have the private
keys, they can't do anything. They can't censor it.
Right? So, you know, I'm I'm bullish on
decentralized, protocols, I'm bullish on decentralized,
protocols. And I think That it's going to
show the necessity of decentralized protocol over the
next couple of years, as a state, you know, it as the
disintermediation of money and an information continues to
accelerate and the state starts to become a little bit more
desperate like they have in the last couple of years.
Anyways Opti, what are your thoughts on all this bro?
Yeah, so first and foremost, I really like how room put it, you
know. I really don't like to speculate
on other people's intentions and do my best to judge people based
off their actions and not my Ian's.
But Elon sounds so benign, it sounds so harmless, you know,
like we just need the WeChat for the west and I know the audience
here knows where the game plan is going already and it is
extremely dystopian. Like we know what the gameplays
are. Obviously we all are very
paranoid bitcoiners so we think the worst person for most but it
does seem like having a wee chat.
For the West is an attempt to Corral everyone into the one app
that Does everything track and bag everyone control every
transaction. Make sure you verify yourself
build that, social credit system, in the west, make the
smart world that we've been hearing about for years and was
hinted on on black mirrors episode that everyone saw and
basically just turn everyone into cattle and and, and
controlled, you know, via VIA the the app or via the smart
machines are the algorithms is everyone is saying in the chat
At but a world where there is no privacy where everyone is
surveilled where a small group, a central group can control or
try to control Society, try to control the economy.
And as a friend of minded Bitcoin, ER it's just not going
to work and I feel like I'm taking crazy pills here.
But like why is China continuously being corralled as
or portrayed as the watermark for us to strive towards like am
I the only one that keep hearing the same stuff out?
What how is this the epitome of human interaction?
It really blows my mind that we are seeing some of the best,
quote unquote, best entrepreneurs, the best
capitalists in the world, continue to make China, like the
ideal for the world. And it really does remind me of
like the weak narratives that we keep hearing all the time of
your own nothing and be happy Agenda, 21, and all these
attempts to maintain the Monopoly on truth.
And this is why we show up every single day and talk about
Bitcoin. And, and Hopefully instill in
people the hope to take back their individual freedom to opt
into Freedom. That works like Noster and
Bitcoin and all the other apps that are out there that help
people maintain their freedom because I don't know about you.
But maybe I've watched too many Sci-Fi movies growing up and it
just it terrifies me the world that people want and people are
parading as the ideal. I don't think that this is the
world that we really want to leave for our children, or You
know, for those that do have children for the future, it just
seems like an attempt to try to, you know, smarter fi the world
and and maintain that control on information because everything
is information. And if it really feels like the
idea that the central planners like to parade out there like if
we have more information we can build a better world and as an
Austrian Bitcoin Ur I just I fundamentally think that it's an
it's an impossible task to try. I to maintain order in the
world, like, I think individuals will make the best choices for
themselves and throughout that it will Ripple out into society
and the best outcomes will come about.
This is what entrepreneurs them is about.
This is what capitalism is about and it just, it really just kind
of makes me a key. I'm just like, man, this seems
so dystopian it, it seems so harmless like we are here for
your protection. You know, we just want more
information, we're here to, you know, connect the world and and
make the world a better place and It's like yeah.
Well that sounds all good and all until the technology falls
into the wrong hands and we're all screwed.
And this is why we have such bad ass Bitcoin, entrepreneurs and
developers out there that are making the tools to combat this
stuff. Because what do we say all the
time here, man? No, it is Big corner to slavery.
And these attempts seem to be more attempts at slavery, at
full dystopian CBC. Future and that future terrifies
me. I'm not a huge fan of the smart
houses in the smart watches, and the smart technology, you know,
I might I might have to really stop LARPing and go back to like
a Nokia phone, bro, like blows my mind.
I don't know. I really feel like it's the am I
taking crazy pills here? Like how is China the watermark
for through the future of humanity II personally like
pigeons like you know, you just put a little messages in the
pigeons and Let it free. Yeah we we need to go back and
I'm just kidding. But no I mopped he's not
Austrian. I think he meant to say Austrian
Economist. What I say.
Austrian Bitcoin. Yeah.
Austrian Economist Bitcoin but yeah, dude.
Absolutely right. I think that you know, this 51
Bitcoin but yeah no I agree. I think in look having
everything Consolidated in one application if that application
is not Is will never truly be co-opted.
And, you know, the, I think governments, and bureaucrats
will think, oh, we're doing what's best for their people for
our people. But I think human nature is
always underestimated and I think history has shown that
they, you know, that they once they Co-op these systems, they
use these systems to protect their own political moat.
Anyways, everybody no more delay.
Let's go straight into the culture.
Really want to talk about runes book want to spend a good 20 25
minutes on that but before We get there.
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D, let's jump straight into the culture.
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or the orange pill app Opti. What are we talking about today
brother? What a fraud coin 1000 Years
with inflation as policy. Okay.
Well this is runes book and
obviously it touches on a topic that we love to touch on because
it really is amazing. How few people understand what
inflation is. So first and foremost ruined,
what is this book about? And then we can dive into the
nitty-gritty about inflation. Okay, what is this book actually
is for Society for people today? I think it's very important that
it describes, the problem with monetary policy on inflation.
It describes the problem in such a way that everybody understand
what inflation is what it does with Society.
And also even more Don't people understand that they have to
take a stance. They have to do something with
this for themselves and for their families.
So that's very important. And also it doesn't only
describe the problem but it points in a couple of directions
try and trying to point out Solutions how to go about both
as an individual and also for the Policymakers.
So, that's that's what this book is all about.
And I think when I set out to write this book, it was my
intention was just to write a few pages, just a short note,
but it turned out that I had the whole book in this.
I had to, I had to do this and my My trick you might say is to
try to trace the roots of the policy back in time.
So the inflation policy started almost 1,000 years ago, in
Norway in the year 1054. So I show people how it started
had in my district on the in Norway and The also how it
developed internationally all the way up to the modern day and
age. And then I try to sneak in some
understanding of Economics along the way.
So when, when people read about current day and they went, they
understand quite a lot about the economics.
And the Dynamics dynamics of this, this evil policy.
So I actually think that I've been able to write perhaps the
most engaging and simple explanation of what inflation
and modify monetary policy is that to write it in a way that
enabled enormous all people out there from yeah youth.
I think 60 and 70 year old people would be able to read it
on the on the standard. And also it should be something
that economic students and also economics professionals.
They will find that this book is very interesting for them and
they can learn a lot but that I didn't know at all before.
So yeah love it. Love it.
And I have this tweet here and before I, before I read this
tweet though, I 100% agree with what you said, you know, taking
a stance and doing something. I say it all the time, as much
as humanly possible that it's not enough to just talk about
the problems. It's about talking about the
solutions and obviously is a Bitcoin.
ER we try to talk about taking Bitcoin itself, custody saving
in Bitcoin as much as humanly possible.
Possible, but it really blows my mind that most people do not
understand what inflation is and here I have one of your tweets.
I'm not going to read the whole thing, I'll let you do some of
some of this on air but I really like the beginning you go.
Once you understand that inflation is fraud that benefits
the rich and the state and that it always has been like this.
It's time to shift Focus away from conspiracies, whether they
are theories or realities. And I couldn't agree more
because I have these conversations with people all
the time and it blows my mind that people I will just write
you off as a conspiracy theorist, when I'm like, this is
how the game is played. Inflation is theft and it is a
wealth distribution mechanism. What's your thoughts on all
this? And maybe break down inflation,
as simply as possible for the audience, okay?
The way I have defined the inflation in the book is I said
that you have two types of inflation.
You have monetary inflation, which basically is expansion of
the money supply and then you have price.
Inflation, which is a general increase in the prices and then
it's very important to tell them people already in the interest
of the reader is already in the introduction that you have sort
of a causality hair so you can never have price inflation
without having monetary inflation.
That's perhaps the key thing that people People, very few
people understand that they need to understand to to get a grasp.
What's going on in society? Love it.
I gotta I got another tweet of yours over here because you're
just killing it on these tweets. These one-liners you got
National currencies are extraction devices that are more
effective than guns. Couldn't agree, more.
Absolutely. Love this tweet here, and then
following it up. You got a quote or wait, wrong
one, quote Bible tear over. Here paper money, eventually
returns to its intrinsic value, which is 0.
So how has been the response to fraud coin?
Do you think people are slowly waking up to inflation?
What do people say when you talk about inflation on a day-to-day
level? Well, this is very interesting
because when I read Austrian economics on between 2002 and
2010, I tried to talk about inflation and the monetary
policy and economics, with my friends and another's
colleagues, you know, but basically, they weren't
interested at all. They didn't see that they could
do anything about this problem or They couldn't they didn't
understand the problem. Is it a problem?
Really, but these days I think also thanks to what Bitcoin
Community has done and also of course, due to the high
inflation numbers that we see these days, people are more open
minded. And what's really important with
the book? Like this is that many people
buy it. Read it.
Because if you have only a few people here and some other
people there, we read them. They don't have anybody to talk
to, to about the problem. And basically, what has happened
now, is that in the eight months that has, since I published a
book in October last year, very many people have bought the book
and it has Has been on the bestseller lists and Harry
Norway. So now you see that this net for
Network effect, where people understand the problem, they
talk talk about problem. They understand that it's safe
to talk about this issue and we see many many more people.
Not just only the bitcoiners, addressing these issues that I
am discussing in my book, and there's a and the I would say an
enormous engagement among Norm is now these days in Norway.
So really, I think it does help to write this book and keep the
pressure on by writing a whole lot of stuff on Twitter.
I think people have appreciated that and they're all sort of
looking into how should they go about to solve this problem?
Now, and then it's about time to point in the direction of
Bitcoin. And I just would like to add
that if people really understand the problem and respect that,
it's up to them, that they do have to solve it themselves
because the state won't solve it, they benefit from this
policy. So they have to do it on their
own. Then they are much more open for
talking about Bitcoin. And I also think that And once
you have that interest in this issue and they are open to
looking for solutions, that don't know that don't need to
know so much about this specificity is about Bitcoin,
they just understand that Bitcoin might be a solution.
Okay? Make maybe I can go about and
have a try and that's that's very important in my mind.
So ethical questions are do if you don't mind.
I've been so First is why do you think the phenomenon like it's
like why do you think it's so lost on people?
Like why do you think people are so blind to inflation?
It seems obvious in hindsight right.
You know you're looking at it from a Bitcoin lens, you're just
like well that's obvious, you know, money shouldn't lose in
purchasing power or you money doesn't have to lose purchasing
power to work, right? So why is it that people are so
you know I guess stuck in The Matrix.
Why are they so So brainwashed in a way.
Okay, first of all, I must say that the hair in Norway, we have
quite High private debt. So people have taken on the
whole lot of that borrow the up to the chimney, all their
houses, you know. So, and that makes people a bit
nervous, you know, and perhaps this being nervous isn't very
good. If they if you start talking
about the problematic things. The monetary system they become
scared and they don't want to hear about it.
And the next thing is here we normal people and it's kind of
Scandinavia in general. I think people trust the
government's a whole lot so it's a sort of difficult for them to
understand that the government may be isn't on the people side.
So what won't they? As soon as they smell that, this
can be sort of a lovely little bit like a conspiracy, they
become uninterested, less interested in hearing about it.
So that's also why I have wire sort of took a policy decision.
When I wrote the book that this book is not going to focus on
anything at all, or very little, at least on the conspiracy.
Genesis that was important. And of course it's you know,
it's it's in the domain of economists normally and they
complicate things too much. So I'm going to be sorry that
this is something for the experts that just leave it to
the experts, they leave it to the petitions and then try to
just try to go along. And live a normal life, you
know, but in my book explains it and I way that makes it possible
for everybody to understand it. So now it's out there in the
open and people can talk to each other about it, quite advanced
level, if they level, leave them, read the book, beautiful.
So one more question, ruin a vast Lynn.
When she's come on the show of ask Geoff, Booth, when he's come
on. The show is inflation necessary
because the argument from the Keynesian, His hey you need
inflation or else people. You need to incentivize people
to spend money or also just going to hoard it.
Not spend money in the economy, is going to ground to a halt in
the world. Is going to spontaneously catch
on fire. So what would your response be
to that? Well that's arguing that
inflation is necessary. Is a pure lie.
It's a deception. You know.
It's a it doesn't work like that it's not.
It's the same as saying. That poison is necessary for
your body. Yap.
Okay. All right.
I like it. Simple straight to the point.
Yeah, I completely agree, but but maybe, maybe it's because
we're bitcoiners, maybe we're biased Rune, we're biased, we're
biased bitcoiners Well, if someone wants to argue that
inflation is good for society or four individuals Etc, they have
to come up with the proof, and I haven't seen any proof.
I've started a whole lot of books and articles before.
And the while I was writing this book and I couldn't find any
proof at all. For the claim that inflation is
good for anything that the only thing That inflation is good for
is redistribution of wealth to the state and to the to the
absolutely most most wealthy people in society.
That's the only thing there is to say about it. 100%, 100%
agree with you. It's so simple.
It's a simple. It's so it's so simple but it's
so simple. It's difficult, it's so simple,
it's hard. But Rune, really, really, you
know, I love do. We always talk about this?
Talk about this idea of this narrative trench warfare that
were fighting and you know your book is plays a key role in this
and just you know, waking up more people to this reality to
this world that money money doesn't have to steal from you.
Anyways, Opti seems like you got to, you got to give pulled up.
It's just just to put a bow tie into the whole episode.
Today, we got a tweet here from Rune.
Something we say all the time, on the show, Bitcoin is slavery.
And you go, it's a race between big.
Coin and CBC and this is the race between freedom or slavery
and couldn't couldn't agree more bro.
This is this is what we see to be true and I think all of our
audience says and sees the same thing it is the race between
freedom and slavery and we know which side we chose.
It is Bitcoin side of Freedom. Baby anyways everybody let's
jump into the meme review. We got a lot to talk.
We got a lot of memes to review. Let's check them out.
The daily meme review brought to you by Kaboom racks.
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Max change it. I don't know.
I don't know what that wasn't funny today.
Guys. Yall another deal.
This is the mean review this to swears Tucson Tucson.
I see this is your favorite portion of the show.
Everyone is asking, did I miss the meme review?
No, we haven't got to it yet. Tweeter, the bullets memes are
the artillery. We are in an information War as
we've been covering every single day on the show.
But particular in today's culture it is about getting
Getting the message out there. It's not enough to just point
out the problems, it is giving people the solutions and the
best way to open people's eyes is giving them bite-size,
palatable information in what we call, memed anyways, you know, I
like to do my best to not do any nepotism in the mean review, but
this one popped off this morning, and of course, it is
Dave Chappelle as well, and you guys know I grew up on
Chappelle's Show. So blame Dave, Chappelle not me.
Anyways, this meme is my us at simply Bitcoin TV and I was opt
out of inflation saving Bitcoin and we got the Dave Chappelle, I
think this is Pop Copy skit and goes when someone mentions
inflation at work and you're a big corner and you just got a
smirk, like I got the solution for you.
Okay? This next one is by whoa, Jack
Bitcoin and it goes good. Now I can buy more Bitcoin for a
cheaper price and we got the Bitcoin are here, the, the
elated Bitcoin green. Whoa, Jack.
I forget, I forget what they called it.
What B thing called it. Anyways anyways it goes Bitcoin
goes up good now my Bitcoin can buy me more things and then this
A happy Bitcoin ER at the bottom of good Bitcoin goes down good.
Now I can buy more Bitcoin for cheap.
Literally everyone just said that in the chat at the
beginning of the show because they're calling me cuz I said
that we would never see 4K sets per dollar, again, I guess I was
wrong. I guess I Hot or Not of this
again. Anyways, this next one is by
toxic Bitcoin, ER, and he goes choose, Bitcoin, choose life and
he goes choose Bitcoin, or Fiat choose peace.
Or War choose ownership, or theft choose Freedom, or
slavery, choose math, or violence choose consent or
extortion, choose 21 million, or 1984, choose life.
There is Bitcoin. And there's should coin there.
Were you get coin or they will be slavery, Freedom or slavery?
The party of green earth, the party of orange bars.
Okay. This next one is by Cold card
wallet and it goes when people claim the government helps
people and this is a king of the hill.
Me man, it goes. The eagle is carrying that
rabbit out of Harm's Way. Absolutely couldn't pick a
better me. All right.
This next one is by our friend. My friend Lee troll in Twitter
spaces, AKA take the ride, AKA Nate Hudson on Twitter and he
goes, does anyone think it's weird that they want to replace
Jackson on the $20 bill? And we have a quote here from
Andrew Jackson, you are a den of vipers.
I intend to route you out and by the Eternal God, I will route
you out. If the people only understood
the rank Injustice of our money and banking system, that would
be a revolution before morning. So it's safe to say he liked, he
would like Bitcoin safe to say he's not a fan of the central
Bankers. Okay.
This one I took from our Will Graham.
I think this was being long must in our telegram group and this
is a guy, he's can't go to bed and there's a Bitcoin moon in
the outside of his window and he's having this profound
thought and he's ruminating on his thoughts and he can't sleep.
He's overthinking. It goes normies thinking about
what you said at the grocery store.
It is because your orange pilling strangers every single
day because she's showing your waking them of any possible way.
Okay? This next one is by at
Underscore Reaper underscore cash and it goes death to Fiat
long live the time chain and we got a Reaper right here.
I'm guessing this is the Bitcoin ER long live the time chain
death to the Fiat Fiat. System is absolutely wrecked and
devastated in real time because Tick-Tock next block.
Bitcoin is taken over the world. Wouldn't want to be a Fiat Maxi
at this point? Super glad I am a Bitcoin Maxi.
Anyways Drop Your Meme review score in the chat weight that
way that way. And as we cover hours live,
okay, I am continuing on the thread chefs out to the girls
over at Plan B. Passports, we got this very cute
Bitcoin pink Bitcoin logo made by Bitcoin Janoski and it is the
plan B sticker clamby, passports, we might be needing
them soon. It might be needing them since
I've been here, anyways. Rune, what would you give those
memes? Terrific.
I think they deserve at least. Three tomatoes.
And The price of Tomorrow, what a score.
Wow, I don't think I could. I don't think I could up that
since you gave it to. Okay, I'm going to give it.
Two red tapes, for sure, actually block tapes and a
purple screen cleaner to clean the camera.
Wow. I'm gonna have to, I'm gonna
have to update my meme scores. Now we're going to get, we have
to get more complex. It's not good enough to just
have one score. No, no, this throw tomatoes in
the price of tomorrow. I love that.
All right, everybody before we get to the meme score, want to
give a shout-out to our clothing.
Sponsor opting out where the merge every single day.
Opt easy. To be the male model today opt
he's wearing the limited edition or it simply Bitcoin shirt.
I'm wearing the simply Bitcoin hoodie you can get all this on
representing t.com, it is it is sold out.
We are dropping, I think in you, you know, talk to them or talk
or drop, we're thinking about dropping a new collection soon.
We have the ladies in mind, we're going to, we're going to
have lady specific simply Bitcoin merch as well.
And you can scan the QR code on your screen right now and it
will take you directly to The representing t.com website where
you can buy yourself a classic Snapback represent simply
Bitcoin hat and you can use the promo code simply Dash Bitcoin,
get yourself a major discount. Anyways Opti, no more delay.
Q, the epic music and let's get through some of the beam scores.
Here we go, first score by Hammer.
Saw I give those memes chat. Gbt giving you Andrew Jackson as
a Bitcoin or speeches to further the revolution beautiful.
Beautiful. Next one, by Elaine bitcoiners
become the number one expert. Sought out to understand the
economy. Love it, love it thing.
Already shots at the Save Dean, love it.
Alright Igor, I give the memes a den of honey.
Badgers are very nice very, very nice opt.
He's tarantula inspired, beard, long, thick, thick Opti.
Next Asian history month is made 2024.
Okay, he's proud of me, I took off my glasses in the show, a
team Jae Min score one toward of Norwegian Wood, okay?
Very good. Record one Court one for Roman
stock. Sideshow, the protein bars are,
okay, you txo, I give these memes, they canceled Austrian
passport, okay? And then we're running out of
time you deserve real money. I give the memes the smell of
Curry dinner. Alright guys, that was a show.
Thank you so much for joining us on another episode of Simply
Bitcoin live. I want to give a very special
shout-out to our awesome ghost ghost cast.
Just thank you so much for joining us today room.
You really, really appreciate it.
Why don't you tell everybody where they can find you and
where they can find your book, if they're interested in
purchasing it on the interwebs? Yeah, thanks for having me.
It was a great experience for me.
I'm also very grateful for that. The book can be found on Amazon
and if you want to follow me on Twitter, that would be great.
I also have a sub stack account, so yeah.
Awesome. Well, thank you so much.
Thank you so much for joining us ruin really, really appreciate
it. Hope to see you on Twitter
spaces if you have the time. But no pressure guys, thank you
so much for tuning in to another episode of Bitcoin live, you
enjoyed the show, you know, to do.
Smash that like button, consider subscribing, if you feel like we
provided you value, but the number one thing you could do to
help push the peaceful Bitcoin Revolution is share all Bitcoin
content including ruins book count as Bitcoin content simply
Bitcoin counts as Bitcoin content.
So I'm Bitcoin content counts as Bitcoin content.
Don't share shit, coin content, it's counterproductive as the
best producer in the game. Always says don't shit coin.
It's bad for you love you all will see you tomorrow.
Trophy fifteen PM Eastern Standard Time for another
episode of Simply Bitcoin live. But if you want the party to
continue during the after party, we're holding it down on Twitter
spaces, were co-hosting a space with Swan Bitcoin best place to
build your Bitcoin stack and you can just jump in there.
Opt he's going to be holding it down.
You know you can interact and ask all the questions your heart
may desire. I don't know.
Anyways guys we'll see you tomorrow 12:15 p.m.
Eastern Standard Time for another episode of Simply
Bitcoin live. Peace out y'all