1 00:00:17,900 --> 00:00:22,100 Yo, welcome is simply Bitcoin live today is November 21st 2 00:00:22,100 --> 00:00:25,000 2022, we cover breaking news culture. 3 00:00:25,000 --> 00:00:27,700 Me Matic Warfare, we will be your guide through the 4 00:00:27,700 --> 00:00:32,200 separation of money and state. Total total shit. 5 00:00:32,200 --> 00:00:38,200 Coin capitulation, man, the contagion is real potentially, 6 00:00:39,500 --> 00:00:43,700 Barry. Silbert thing might be in 7 00:00:43,700 --> 00:00:46,600 trouble. Supposedly, it's not coinbase. 8 00:00:46,600 --> 00:00:49,700 Came out with a releasing that they're totally backed. 9 00:00:50,100 --> 00:00:52,900 It's also affecting some Bitcoin companies as well. 10 00:00:52,900 --> 00:00:56,200 Unfortunately, this bear Market is brutal. 11 00:00:56,400 --> 00:01:00,600 However, big, however, if you have been taking the advice of 12 00:01:00,600 --> 00:01:04,500 bitcoiners from day one, if you've just been staying humble 13 00:01:04,800 --> 00:01:09,700 stacking SATs, none of this has, none of this would really affect 14 00:01:09,700 --> 00:01:11,500 you. In fact, wherever the Bitcoin 15 00:01:11,500 --> 00:01:15,700 bottom is, and no one really knows as much as You know, as 16 00:01:15,700 --> 00:01:21,200 much as people love the the TA and stuff cheaper SATs for you, 17 00:01:21,400 --> 00:01:25,000 a good opportunity, right? So I think that's the whole 18 00:01:25,000 --> 00:01:26,700 essence of today's show. We're gonna get to it. 19 00:01:26,700 --> 00:01:28,900 We're going to get through all the receipts, but before we 20 00:01:28,900 --> 00:01:31,700 start the awesome show, I want to give a shout-out to my 21 00:01:31,700 --> 00:01:33,100 awesome co-host. How you doing Opti? 22 00:01:33,900 --> 00:01:36,100 Well, what's up? Nico, good morning. 23 00:01:36,100 --> 00:01:38,000 Good morning to everyone out there. 24 00:01:38,500 --> 00:01:41,900 Yeah, you know, it's been a pretty brutal bear market so far 25 00:01:42,300 --> 00:01:53,000 and this on on bitcoin Twitter land and we said it last week 26 00:01:53,000 --> 00:01:57,200 man you know we have still yet to seeing all the bodies float 27 00:01:57,200 --> 00:02:01,600 down the river but you know as a big corner just don't sell your 28 00:02:01,600 --> 00:02:04,400 Bitcoin and there's no loss you know you get cheap sads put 29 00:02:04,400 --> 00:02:07,400 Bitcoin in cold storage and go and live your life and Bitcoin 30 00:02:07,400 --> 00:02:12,100 will be here when you need it. So hey nothing's changed to the 31 00:02:12,100 --> 00:02:14,900 Bitcoin view you know the bitcoiners out there. 32 00:02:15,000 --> 00:02:18,500 You actually spreading that signal and just just doing 33 00:02:18,500 --> 00:02:19,700 Bitcoin things right now. You know? 34 00:02:19,700 --> 00:02:22,700 Everyone's just watching on the sidelines, all the fireworks. 35 00:02:22,700 --> 00:02:25,700 Oh hey, it's awesome to be a big Corner. 36 00:02:25,700 --> 00:02:27,800 Glad to be in another bear Market. 37 00:02:28,200 --> 00:02:31,500 Just hey man, if you can't laugh right now, you'd be crying. 38 00:02:31,500 --> 00:02:35,200 So hey stay up people, stay up and of course I want to 39 00:02:35,208 --> 00:02:38,100 introduce my awesome guest. How you doing on the dais? 40 00:02:38,100 --> 00:02:41,000 Welcome to the show final guys, follow Venezuela. 41 00:02:41,000 --> 00:02:43,600 And finally made it, this guy's a bit of a diva. 42 00:02:43,700 --> 00:02:45,800 He's hot. To get ahold of. 43 00:02:45,800 --> 00:02:47,600 Yeah, we're gonna get rug pulled again. 44 00:02:48,000 --> 00:02:49,400 No, no. Can you guys hear me? 45 00:02:49,800 --> 00:02:53,100 Yes, we can hear you perfectly. You're coming in loud and clear. 46 00:02:53,600 --> 00:02:56,500 Anyways, ladies and gents. Let's start the show. 47 00:02:56,500 --> 00:02:58,500 Let's let's hit the numbers. Let's do it. 48 00:03:00,900 --> 00:03:04,300 The Bitcoin numbers brought to you by novel. 49 00:03:04,300 --> 00:03:07,200 At this point, you should be running your own Bitcoin note. 50 00:03:07,200 --> 00:03:09,600 If you don't use your own Bitcoin node, you're trusting 51 00:03:09,600 --> 00:03:12,600 someone else's run your own version of Bitcoin core. 52 00:03:12,600 --> 00:03:15,900 The lightning Network, whirlpool, and Dojo all from the 53 00:03:15,900 --> 00:03:19,500 comfort of your own home. And if your digital Nomad, you 54 00:03:19,500 --> 00:03:22,700 have absolutely no excuse because now you can run a novel 55 00:03:22,700 --> 00:03:24,100 through a virtual private server. 56 00:03:24,200 --> 00:03:28,000 Visit nottle, Dottie you today. All right guys, at the time of 57 00:03:28,000 --> 00:03:32,000 recording, the Bitcoin price is Seen thousand 34 sets per 58 00:03:32,000 --> 00:03:37,800 dollar, we're at 6237 block height, we're at seven hundred 59 00:03:37,900 --> 00:03:41,700 sixty four thousand one hundred fifty eight reachable. 60 00:03:41,700 --> 00:03:46,900 I mean blocks of The Happening we're at 70 5842 that they could 61 00:03:46,900 --> 00:03:51,200 not come any sooner sooner having estimate its April 22nd 62 00:03:51,200 --> 00:03:56,800 2024 total lightning network capacity, 5,000, 38 capacity 63 00:03:56,800 --> 00:04:01,000 value were at 80 point seven million U.s. dollars realized 64 00:04:01,000 --> 00:04:05,600 monetary inflation 1.77 percent, the market capitalization of 65 00:04:05,600 --> 00:04:07,800 Bitcoin. Wow, it is so small. 66 00:04:07,800 --> 00:04:11,900 As a great opportunity we're at three hundred and seven billion 67 00:04:11,900 --> 00:04:13,900 dollars. Anyways I have a throwback for 68 00:04:13,900 --> 00:04:19,100 you guys because sometimes when you're in the thick of things 69 00:04:19,100 --> 00:04:23,200 you kind of you kind of get lost, you get lost in the sauce, 70 00:04:23,200 --> 00:04:24,400 right? You're like, oh, this is 71 00:04:24,400 --> 00:04:27,800 terrible, this is this is atrocious, right? 72 00:04:27,800 --> 00:04:31,000 But you if you look back and be Point history, right? 73 00:04:31,000 --> 00:04:34,300 We've been here before. We've been here before many, 74 00:04:34,300 --> 00:04:38,500 many, many, many times. And if you just huddled, Don't 75 00:04:38,500 --> 00:04:40,900 Stop Believing which would our friend. 76 00:04:40,900 --> 00:04:45,700 Yellow always says, you'll be. Alright, anyways, check this 77 00:04:45,700 --> 00:04:47,300 out. This is a throwback, from when 78 00:04:47,300 --> 00:04:51,100 Mount gox collapsed or anyone who doesn't know Mount gox was 79 00:04:51,100 --> 00:04:57,400 the one the exchange back in the day, back in the 2013 2012 era 80 00:04:57,800 --> 00:05:01,500 and very similar to FTX It collide it collapse, it rug 81 00:05:01,500 --> 00:05:03,900 pulled everyone, they're still going to bankruptcy. 82 00:05:03,900 --> 00:05:08,500 People are still trying to get their money back, not really 83 00:05:08,500 --> 00:05:11,700 right. And but the same lesson was 84 00:05:11,700 --> 00:05:15,100 taught, right? Not your keys, not your Bitcoin, 85 00:05:15,100 --> 00:05:17,300 right? So again, history's repeating 86 00:05:17,300 --> 00:05:20,700 itself but hopefully every single time one of these ways, 87 00:05:20,700 --> 00:05:23,600 one of these adoption waves happen, right? 88 00:05:23,600 --> 00:05:27,900 More and more people burn their finger on the stove so to speak 89 00:05:27,900 --> 00:05:30,900 and they learn right. Takes Self custody of your 90 00:05:30,900 --> 00:05:32,500 Bitcoin. And that's exactly what you're 91 00:05:32,500 --> 00:05:36,100 seeing nowadays. With the huge, outflows going 92 00:05:36,100 --> 00:05:38,200 out of exchanges. Anyways, I want to play you guys 93 00:05:38,200 --> 00:05:40,400 this clip and then we'll talk about it, more about Bitcoin and 94 00:05:41,100 --> 00:05:44,600 here we go. Bitcoin in the news this week it 95 00:05:44,600 --> 00:05:48,100 could be the future of currency but the high-profile collapse of 96 00:05:48,100 --> 00:05:50,100 a Bitcoin business. Has some people wondering if 97 00:05:50,100 --> 00:05:53,200 it's already dead, that one business in Durham is committing 98 00:05:53,200 --> 00:05:55,500 to new currency and Brian Schrader explains. 99 00:05:55,500 --> 00:06:00,100 What it is and why Bitcoin users say the future is bright. 100 00:06:02,000 --> 00:06:05,600 Alex Wachowski is trying to buy a biscuit from Rise Bakery in 101 00:06:05,600 --> 00:06:08,400 Durham but he's not using dollars dollar. 102 00:06:08,700 --> 00:06:13,100 Okay, with Bitcoin, rise started accepting Bitcoins as payment 103 00:06:13,100 --> 00:06:16,400 last week. Bitcoin is a virtual currency. 104 00:06:16,500 --> 00:06:20,100 You use your smartphone tablet, or computer to spend it, no 105 00:06:20,100 --> 00:06:23,300 Central Bank issues at no government, regulates it and 106 00:06:23,300 --> 00:06:26,300 proponents like Jameson Locke, say that's why it's great. 107 00:06:26,400 --> 00:06:29,900 People say Bitcoins have value and they then transfer them 108 00:06:29,900 --> 00:06:33,700 amongst each other and and for other goods and services rise 109 00:06:33,700 --> 00:06:36,700 owner, Tom Ferguson likes, the idea, he's tired of paying 110 00:06:36,700 --> 00:06:39,300 credit card fees to Banks. We just recently raised their 111 00:06:39,300 --> 00:06:41,400 minimum wage here to 1010 an hour. 112 00:06:41,700 --> 00:06:44,300 So to help compensate that if we can lower what we're paying in 113 00:06:44,300 --> 00:06:48,700 theese is when the value of a Bitcoin has been volatile, a 114 00:06:48,700 --> 00:06:51,100 Bitcoin was worth more than eleven hundred dollars in 115 00:06:51,100 --> 00:06:53,100 December. Now it's worth about half as 116 00:06:53,100 --> 00:06:57,200 much and this week a major Bitcoin exchange named Mount 117 00:06:57,200 --> 00:06:59,500 gox. Went under hundreds of millions 118 00:06:59,500 --> 00:07:01,700 of dollars worth of Bitcoins are missing. 119 00:07:01,900 --> 00:07:05,200 And the people who held them have no recourse lab says this 120 00:07:05,200 --> 00:07:07,500 story is more about Mountain Ox as a company. 121 00:07:07,500 --> 00:07:11,000 Then Bitcoin as a currency, we're basically letting this 122 00:07:11,500 --> 00:07:16,900 incompetent company fail and better companies are going to 123 00:07:16,908 --> 00:07:18,800 replace. It Ferguson told me he's doing 124 00:07:18,800 --> 00:07:22,100 his part to keep the currency alive and thriving and he hopes 125 00:07:22,100 --> 00:07:25,200 it convinces people to fill their phones with Bitcoins, 126 00:07:25,600 --> 00:07:31,400 Brian Trader, WRAL News, Durham. So for audio listeners. 127 00:07:31,400 --> 00:07:33,800 Who Didn't get to see the visual cue. 128 00:07:34,100 --> 00:07:38,000 When they said Bitcoins price collapsed, it went from 1,000 129 00:07:38,200 --> 00:07:40,600 down to five hundred and fifty dollars. 130 00:07:40,600 --> 00:07:41,800 That's right. That's right. 131 00:07:41,800 --> 00:07:45,000 You heard that correctly. So the moral of the story here, 132 00:07:45,000 --> 00:07:46,500 right? And I think Jameson Locke, first 133 00:07:46,500 --> 00:07:50,100 of all, it's crazy how that Bitcoin has this effect where 134 00:07:50,500 --> 00:07:53,000 the longer you're in Bitcoin? The longer your beard grows. 135 00:07:53,000 --> 00:07:54,900 It's like this like weird thing, right? 136 00:07:55,800 --> 00:07:59,500 But yeah, it absolutely spot-on. And the reason I wanted to show 137 00:07:59,500 --> 00:08:04,000 you guys that throwback video You gotta zoom out sometime to 138 00:08:04,000 --> 00:08:06,400 get a sense of where you are, right? 139 00:08:06,400 --> 00:08:12,400 We're sitting at even with Bitcoin being down what 75% to 140 00:08:12,400 --> 00:08:16,700 80% from all-time high. We're sitting at 16,000 56. 141 00:08:16,700 --> 00:08:19,900 When that video was recorded, there were complaining about how 142 00:08:19,900 --> 00:08:23,300 Bitcoin went from a thousand dollars down to 500. 143 00:08:23,300 --> 00:08:27,400 I think the all-time low of that era was around $300, right? 144 00:08:27,500 --> 00:08:31,400 So zoom out, you're going to be looking back on this two, three, 145 00:08:31,400 --> 00:08:33,299 four years. As from now if you stay humble 146 00:08:33,299 --> 00:08:36,500 Stacks at stay away from Leverage stay away from the shit 147 00:08:36,500 --> 00:08:40,700 coin casino the gambling, right? And you're going to be happy. 148 00:08:40,700 --> 00:08:45,000 You did man. So it's good to take a look at 149 00:08:45,000 --> 00:08:48,300 those throwback sometimes to get a sense of where you are 150 00:08:48,300 --> 00:08:52,200 exactly, but I've never been so bullish to a Bitcoin, hash rate 151 00:08:52,200 --> 00:08:55,200 continues to make an all-time high, all these shit coin 152 00:08:55,200 --> 00:08:57,300 exchanges. All that Leverage is being 153 00:08:57,400 --> 00:09:01,900 fleshed out nature is healing and that's a good thing anyway. 154 00:09:02,100 --> 00:09:03,700 Opti what are your thoughts? And then we'll move on to on the 155 00:09:03,700 --> 00:09:06,700 this. Well first and foremost just 156 00:09:06,700 --> 00:09:10,900 like the quality of that video it makes it seem like it's so 157 00:09:10,900 --> 00:09:12,900 long ago you know like it's all grainy. 158 00:09:12,900 --> 00:09:17,700 It kind of reminded me of those those videos you see about like 159 00:09:17,700 --> 00:09:20,500 like Legacy Media talking about the internet and they're like so 160 00:09:20,500 --> 00:09:23,100 confused about the internet and they don't know what's going on. 161 00:09:23,300 --> 00:09:25,700 But then to another point, you know, lob with no beard that, 162 00:09:25,700 --> 00:09:27,500 you know, this is a long time ago. 163 00:09:27,500 --> 00:09:32,400 So amazing to see that video and it's literally The same 164 00:09:32,400 --> 00:09:34,400 narrative that we are all talking about. 165 00:09:34,400 --> 00:09:36,600 Nine years later, we're saying basically the same thing. 166 00:09:36,600 --> 00:09:39,100 Like this has nothing to do with Bitcoin this is just about a 167 00:09:39,700 --> 00:09:43,700 shady company doing nefarious things but even to that point I 168 00:09:43,708 --> 00:09:47,000 man like Eleven Hundred Dollar Bitcoin. 500 dollar Bitcoin 169 00:09:47,000 --> 00:09:50,900 amazing you know I wish we had a time machine to go back there 170 00:09:50,900 --> 00:09:54,300 and stack them sets. I wish I got into Bitcoin that 171 00:09:54,300 --> 00:10:00,000 early but another point like I think this year's all the all 172 00:10:00,000 --> 00:10:03,300 the contagion in all the blow ups we've This year, I think 173 00:10:03,300 --> 00:10:07,400 it's going to be very similar to the the mt.gox amount gox Saga, 174 00:10:07,400 --> 00:10:09,800 where it's like, this is going to be drawn out for so long that 175 00:10:09,800 --> 00:10:12,000 we're going to definitely be talking about this, the next 176 00:10:12,008 --> 00:10:14,600 bear cycle or even the next cycle after that. 177 00:10:14,600 --> 00:10:18,300 So, you know, people will only learn by putting their hands on 178 00:10:18,300 --> 00:10:21,100 the stove and people need to make these mistakes. 179 00:10:21,100 --> 00:10:25,100 Like we said it before, you know, when you get into Bitcoin, 180 00:10:25,100 --> 00:10:29,700 there's a cost of tuition and sometimes people pay a lot more 181 00:10:29,700 --> 00:10:31,800 than others. And sometimes people are wise, 182 00:10:31,800 --> 00:10:34,900 and They learn from other people's mistakes so hopefully 183 00:10:34,900 --> 00:10:37,800 people will learn from this mistake and not wreck 184 00:10:37,800 --> 00:10:41,000 themselves, but like you said Bitcoin, in my opinion has never 185 00:10:41,000 --> 00:10:43,700 been safer. It's never been the risk to 186 00:10:43,700 --> 00:10:46,200 reward. Ratio has never been better, 187 00:10:46,200 --> 00:10:50,800 like Bitcoin doesn't have that that uncertainty that happened 188 00:10:50,800 --> 00:10:55,000 when when gox blew up like now it's yeah, I don't think anyone 189 00:10:55,000 --> 00:10:56,600 saying like, oh, Bitcoin is dead. 190 00:10:56,600 --> 00:10:59,200 Seriously, there's only, you know, the Bitcoin Skeptics that 191 00:10:59,200 --> 00:11:01,200 are saying that now is just like, all right, you know, 192 00:11:01,200 --> 00:11:04,000 Bitcoins going to chug Long and it's just going to take a few 193 00:11:04,000 --> 00:11:05,700 years for us to hit all-time high again. 194 00:11:05,700 --> 00:11:08,200 No one's like really concerned about Bitcoin dying. 195 00:11:08,200 --> 00:11:11,000 It's just like, yeah, we know that this is the case that there 196 00:11:11,000 --> 00:11:14,800 Shady companies doing shady shit and so you know, just stack 197 00:11:14,800 --> 00:11:17,500 Bitcoin and keep in cold storage and go live your life and 198 00:11:17,508 --> 00:11:19,300 provide the value and saving Bitcoin. 199 00:11:19,300 --> 00:11:21,500 Amen to that. I think you you really hit the 200 00:11:21,500 --> 00:11:26,200 nail on the head bro which is you know the first time this 201 00:11:26,200 --> 00:11:28,500 happened with Mount gox, it's never happened before. 202 00:11:28,900 --> 00:11:31,800 So think about how much scarier that was back back. 203 00:11:31,900 --> 00:11:35,600 Then if you've been here a minute and you understand, you 204 00:11:35,600 --> 00:11:38,700 know, the industry you've been you, you've seen this happen 205 00:11:38,700 --> 00:11:41,600 over and over and over and over again. 206 00:11:41,600 --> 00:11:44,200 And once again, history is repeating itself but this time 207 00:11:44,200 --> 00:11:48,300 the headlines are a lot bigger a lot bigger because it's huge, 208 00:11:48,300 --> 00:11:50,800 public mining companies like core scientific. 209 00:11:50,800 --> 00:11:54,700 It's these massive exchanges that, you know, are getting 210 00:11:54,700 --> 00:11:58,000 involved with political parties. And I'm talking about ft x and 211 00:11:58,000 --> 00:12:01,800 SPF, right? So the, this is magnified. 212 00:12:02,000 --> 00:12:05,500 But what is actually happening, if you look out on a very, you 213 00:12:05,500 --> 00:12:09,300 know, basic level its history repeating itself once again, 214 00:12:09,300 --> 00:12:11,700 right. It's an unethical exchange is a 215 00:12:11,700 --> 00:12:14,000 centralized exchange. You shouldn't rely on a 216 00:12:14,008 --> 00:12:16,600 third-party to store your Bitcoin, stop. 217 00:12:16,600 --> 00:12:20,400 Don't trust minimize that trust and the same thing happened, 218 00:12:20,400 --> 00:12:22,500 right? So we're going to be looking 219 00:12:22,500 --> 00:12:24,700 back and these moments and we're going to be playing you. 220 00:12:24,700 --> 00:12:30,400 The clips of the 2022, newscast and the 2022 headlines. 221 00:12:30,400 --> 00:12:31,800 We're going to be playing you those clips? 222 00:12:31,900 --> 00:12:34,600 Five years from now and we're going to be telling you exactly 223 00:12:34,600 --> 00:12:37,400 the same thing, right? So it's really interesting how 224 00:12:37,400 --> 00:12:39,600 all this is happening. But guys, you have to protect 225 00:12:39,600 --> 00:12:42,300 yourself, definitely, if you haven't already done. 226 00:12:42,300 --> 00:12:46,300 So take your Bitcoin into self custody, don't trust these 227 00:12:46,300 --> 00:12:48,300 exchanges. You don't know how far this 228 00:12:48,300 --> 00:12:50,300 contagion is going. We're going to get into a little 229 00:12:50,300 --> 00:12:53,400 bit more of the details about that during the new section. 230 00:12:53,500 --> 00:12:54,800 But anyways, I want to get on dresses. 231 00:12:54,800 --> 00:12:56,900 Trots and dress, isn't this crazy, man? 232 00:12:57,100 --> 00:13:00,700 These throwback videos, bro. There they give you a sense of 233 00:13:00,700 --> 00:13:04,600 where you are, If they're in saying that, and I was just 234 00:13:04,600 --> 00:13:08,100 looking at the like during a bear Market that started, you 235 00:13:08,100 --> 00:13:12,100 know, from the precipitated from the mount talk situation, I 236 00:13:12,108 --> 00:13:14,900 don't want to be ultra bearish, are there should be something 237 00:13:14,900 --> 00:13:16,900 that like, you know, everybody that's stacking is looking 238 00:13:16,900 --> 00:13:20,600 forward to the price, like, ultimately fell from that 239 00:13:20,600 --> 00:13:24,400 moment, 366 all the way down to $150. 240 00:13:24,400 --> 00:13:28,600 So it still went down 61 percent after that, hold the back the 241 00:13:28,600 --> 00:13:31,200 Buckle. So if you're stacking stats 242 00:13:31,200 --> 00:13:33,300 guys, I I sold everything in my house. 243 00:13:33,600 --> 00:13:35,600 If you guys hear an echo is because it's empty. 244 00:13:35,800 --> 00:13:38,700 I got rid of everything, my chair, everything like I only 245 00:13:38,700 --> 00:13:41,800 kept my cat and like, my computer. 246 00:13:42,000 --> 00:13:45,800 That's all I need. I'm going all in and again. 247 00:13:45,900 --> 00:13:48,200 Yeah, self custody. Like that's a it's a lesson 248 00:13:48,200 --> 00:13:49,900 that's going to. A lot of people are going to 249 00:13:49,900 --> 00:13:53,700 have to keep learning and it's just a sign that we're still so 250 00:13:53,700 --> 00:13:57,500 early in a bit Point been like like in that in that record the 251 00:13:57,500 --> 00:14:00,100 guy was saying like hopefully they were interviewing someone 252 00:14:00,100 --> 00:14:01,800 at that was pain and he's like hope. 253 00:14:02,100 --> 00:14:06,600 That there will be like better exchanges in the future and no 254 00:14:06,600 --> 00:14:09,700 like you can't you can't trust like I mean like look Mount 255 00:14:09,700 --> 00:14:11,500 dachshund out FDX. What's going to happen in the 256 00:14:11,508 --> 00:14:13,700 future there's going to be another Exchange in there going 257 00:14:13,700 --> 00:14:16,200 to be this time guys who you should trust us. 258 00:14:16,200 --> 00:14:19,500 Like it's interesting because the Bitcoin only exchanges are 259 00:14:19,500 --> 00:14:22,500 doing just fine. It's really the exchanges that 260 00:14:22,500 --> 00:14:25,500 dabble in shit coins and they get shit results. 261 00:14:25,500 --> 00:14:28,600 And I just want to pull this up to give you guys like a, you 262 00:14:28,600 --> 00:14:30,900 know, an idea for your audio listeners. 263 00:14:30,900 --> 00:14:34,400 I'll try to describe Hi bit. This is coin market cap and 264 00:14:34,400 --> 00:14:38,000 let's go back in time where they're describing that and it's 265 00:14:38,000 --> 00:14:42,200 yes you see that little tiny blip, that's what it was. 266 00:14:42,200 --> 00:14:43,200 That's what they were talking about. 267 00:14:43,200 --> 00:14:45,900 That was the fall. This is where we are today, and 268 00:14:45,900 --> 00:14:49,400 that just makes that basically disappear, right? 269 00:14:50,000 --> 00:14:53,800 So, yeah, man, it's absolutely crazy when in doubt zoom out and 270 00:14:53,800 --> 00:14:56,700 remember our friend, yellow says it all the time. 271 00:14:58,400 --> 00:15:03,700 Don't Stop Believing. Amen to that. 272 00:15:03,700 --> 00:15:05,900 All right everybody, let's get to the news. 273 00:15:06,000 --> 00:15:12,900 Let's do it. The Daily News brought to you by 274 00:15:12,900 --> 00:15:16,300 bit box to bitcoin only additional Hardware wallet by 275 00:15:16,300 --> 00:15:18,900 shift crypto crypto like cryptography. 276 00:15:19,100 --> 00:15:21,900 It's secure, it's open source and it's so easy. 277 00:15:21,900 --> 00:15:25,600 Your mom can set it up. Self custody is the revolution 278 00:15:25,600 --> 00:15:28,000 in the bit box. Makes it simple do. 279 00:15:28,200 --> 00:15:30,700 Not leave your Bitcoin on an exchange order. 280 00:15:30,700 --> 00:15:33,200 A bit box today. Awesome. 281 00:15:33,300 --> 00:15:36,800 All right everybody, let's get into more contagion news. 282 00:15:37,700 --> 00:15:44,800 Oh yeah, let's check it out. So, first of all, let's, let's 283 00:15:44,800 --> 00:15:47,400 go down the timeline, shall we? First? 284 00:15:47,400 --> 00:15:50,700 Let's check out, let's, let's take a look at Barry silbert, 285 00:15:50,700 --> 00:15:53,000 okay? So, Barry silbert is the founder 286 00:15:53,000 --> 00:15:58,100 of DC G, digital currency group, and that's the parent of the Oh, 287 00:15:58,108 --> 00:16:00,000 a scale. Trust that holds. 288 00:16:00,000 --> 00:16:02,500 I think it's like 600,000 Bitcoin now. 289 00:16:02,500 --> 00:16:04,600 What's interesting about his Twitter account is he hasn't 290 00:16:04,600 --> 00:16:08,700 tweeted like five days so that's usually not a good idea. 291 00:16:08,700 --> 00:16:13,300 The last retweet was safe security and transparency, 292 00:16:13,300 --> 00:16:17,200 right, but what happened to digital currency group? 293 00:16:17,300 --> 00:16:19,300 Let's check it out. Of course, they were involved in 294 00:16:19,300 --> 00:16:23,500 Genesis and Genesis was involved in the FTX debacle. 295 00:16:23,800 --> 00:16:27,400 I think the last time I read they had an exposure of 1 296 00:16:27,600 --> 00:16:29,900 billion. U.s. dollars of the equivalent 297 00:16:29,900 --> 00:16:31,100 to that. Anyways, Dia and the 298 00:16:31,100 --> 00:16:34,200 announcement says today Genesis Global Capital Genesis trading 299 00:16:34,200 --> 00:16:36,500 lending, business made the difficult decision to 300 00:16:36,500 --> 00:16:40,000 temporarily suspend redemptions and the new loan originations. 301 00:16:40,700 --> 00:16:43,100 This decision was made in response to the extreme Market 302 00:16:43,100 --> 00:16:45,500 dislocation and loss of Industry. 303 00:16:45,500 --> 00:16:48,900 Confidence caused by the FTX implosion, the impact lies with 304 00:16:48,900 --> 00:16:51,600 the lending business at Genesis and does not affect Genesis 305 00:16:51,600 --> 00:16:54,700 trading or custody business, importantly, the temporary 306 00:16:54,700 --> 00:16:59,300 action has no impact on the business operations of of dcg 307 00:16:59,400 --> 00:17:02,400 and an hour, other wholly owned subsidiaries. 308 00:17:02,400 --> 00:17:07,099 And of course this, by the way, Jesse's trading was what Gemini 309 00:17:07,099 --> 00:17:10,700 earned was using and that affected Gemini's well, but it 310 00:17:10,700 --> 00:17:13,500 only it. And of this is coinbase, by the 311 00:17:13,500 --> 00:17:14,800 way. And coinbase apparently 312 00:17:14,800 --> 00:17:18,500 confirmed in this definitely cool things down a little bit. 313 00:17:18,500 --> 00:17:22,700 That greyscale did have the assets under custody, and 314 00:17:22,700 --> 00:17:25,800 apparently right now they have about six hundred and 315 00:17:25,800 --> 00:17:35,600 thirty-five thousand 635 635 2235 Bitcoin so they have a crap 316 00:17:35,600 --> 00:17:44,800 ton of Bitcoin under custody. If if I'm sorry, if if Barry 317 00:17:44,800 --> 00:17:48,000 silbert, it's a man, I'm literally blanking on the name. 318 00:17:48,000 --> 00:17:52,600 If gray scale, goes under, holy crap, you're going to get, 319 00:17:52,600 --> 00:17:54,400 you're going to get very very cheap Bitcoin. 320 00:17:54,400 --> 00:17:57,400 I heard from a third party. They did the calculations and if 321 00:17:57,400 --> 00:18:00,400 grayscale does Go under, we're talking about an eight thousand 322 00:18:00,400 --> 00:18:02,600 dollar Bitcoin. If you're staying, humble stack 323 00:18:02,600 --> 00:18:04,800 and SAS this doesn't, it doesn't affect you. 324 00:18:05,000 --> 00:18:08,400 You you can have the dry powder to get some some cheap 325 00:18:08,400 --> 00:18:10,300 satoshi's. But of course this hasn't 326 00:18:10,300 --> 00:18:13,000 happened yet but it's an interesting discussion. 327 00:18:13,200 --> 00:18:17,900 It hasn't only affected shit Coin Company. 328 00:18:17,900 --> 00:18:21,900 So the Unchained and Bitcoin magazine have had some layoffs. 329 00:18:21,900 --> 00:18:26,300 Apparently Unchained stopped issuing Bitcoin back loans, from 330 00:18:26,300 --> 00:18:29,100 my understanding from people that I've spoken Into they're 331 00:18:29,100 --> 00:18:34,700 looking at other other people to continue to facilitate those 332 00:18:34,700 --> 00:18:37,300 Bitcoin back loans. Apparently this has nothing to 333 00:18:37,300 --> 00:18:42,400 do with the FTX depaquel, it has to do with the fact that nobody 334 00:18:42,400 --> 00:18:48,000 wants to lend money when the cost of the cost of here, let me 335 00:18:48,000 --> 00:18:53,100 read you the exact thing. So I don't butcher, it we go. 336 00:18:56,900 --> 00:18:59,400 Here we go. Nobody wants to lend us USD to 337 00:18:59,400 --> 00:19:01,300 bitcoin. Hold a little hot Oilers when 338 00:19:01,300 --> 00:19:05,000 they can get 5% Plus on t-bills. So, apparently, that's the 339 00:19:05,000 --> 00:19:09,000 situation, Unchained Capital, they had to let go, some people, 340 00:19:09,400 --> 00:19:12,900 some people that were working with them and also Bitcoin 341 00:19:12,900 --> 00:19:15,400 magazine as well. Unfortunately, Bitcoin magazine 342 00:19:15,400 --> 00:19:19,900 had to lay off 17 people and this goes back to some original 343 00:19:19,900 --> 00:19:22,100 thought that I had to say this morning. 344 00:19:22,100 --> 00:19:25,500 Good morning, survive with your stack intact, man. 345 00:19:25,700 --> 00:19:28,400 So it's very, very bloody what's going on there. 346 00:19:28,400 --> 00:19:31,800 But this presents an opportunity for, you know, for the humble 347 00:19:31,800 --> 00:19:35,500 stackers to get your hands on some cheap Bitcoin. 348 00:19:35,500 --> 00:19:38,400 And look guys, we've been Vindicated with the message that 349 00:19:38,400 --> 00:19:41,800 we've been telling you guys for a very long time, right? 350 00:19:43,500 --> 00:19:47,500 Literally buy Bitcoin and Bitcoin mine Bitcoin and send 351 00:19:47,500 --> 00:19:51,200 that Bitcoin into self, custody, forget about it, you know, who's 352 00:19:51,200 --> 00:19:54,500 to who, I have no idea where this contagion is going to go. 353 00:19:54,800 --> 00:19:56,800 I have no. What other exchanges are going 354 00:19:56,800 --> 00:19:58,800 to be affected? I have no idea what's going to 355 00:19:58,800 --> 00:20:01,400 go under, right. But if you've been staying 356 00:20:01,400 --> 00:20:04,600 humble stocking sides taking into Bitcoin into self custody, 357 00:20:04,800 --> 00:20:08,100 this does not affect you. Stop trusting other third 358 00:20:08,100 --> 00:20:12,300 parties and I'll tell you this guy's, I really believe that 359 00:20:12,300 --> 00:20:16,900 Bitcoin could have hit that six-figure Mark last cycle if 360 00:20:16,900 --> 00:20:20,200 there wasn't all that paper Bitcoin, that's the reality of 361 00:20:20,200 --> 00:20:21,600 it unfortunately. Right. 362 00:20:21,600 --> 00:20:23,700 And how do you stop that paper? Bitcoin? 363 00:20:23,800 --> 00:20:26,800 More individuals, taking Bitcoin and To self custody, dude. 364 00:20:26,900 --> 00:20:31,600 So holy crap. Guys, strapped in this is this 365 00:20:31,600 --> 00:20:38,200 is my belief is going to get worse before it gets better and 366 00:20:38,300 --> 00:20:40,700 it's going to be a hell of a ride, but I played you that 367 00:20:40,700 --> 00:20:44,500 video in the very beginning to show you guys that we've been 368 00:20:44,500 --> 00:20:46,900 here before. Right, that fall. 369 00:20:47,000 --> 00:20:51,600 Remember 16 20K Bitcoin, seemed unfeasible back, then it seemed 370 00:20:51,600 --> 00:20:56,100 impossible, but that fall from a thousand dollar Bitcoin to 300 371 00:20:56,100 --> 00:20:58,900 dollar Bitcoin. I bet you that was just as scary 372 00:20:58,900 --> 00:21:03,000 just as painful, the largest big biggest, biggest exchange at the 373 00:21:03,000 --> 00:21:05,900 time. Mount gox disappeared went under 374 00:21:06,600 --> 00:21:09,000 man. It's it's its history repeating 375 00:21:09,000 --> 00:21:11,400 itself. We'll be laughing about this for 376 00:21:11,400 --> 00:21:14,400 five years from now. But what you guys have to do is 377 00:21:14,400 --> 00:21:18,500 you have to survive with as much as your stack intact. 378 00:21:18,500 --> 00:21:21,000 Right meaning don't use leverage. 379 00:21:21,100 --> 00:21:24,100 Take Bitcoin into self custody stay humble. 380 00:21:24,100 --> 00:21:25,500 I'll tell you this guy's as well. 381 00:21:25,600 --> 00:21:28,600 All right, as it relates to the title of the video, no one knows 382 00:21:28,600 --> 00:21:31,900 where the bottom is. It can draw as many fancy lines 383 00:21:31,900 --> 00:21:34,200 and and magical lines as possible. 384 00:21:34,300 --> 00:21:37,300 Nobody has any freaking clue. Right? 385 00:21:37,300 --> 00:21:40,600 But what I can tell you is it does not affect you. 386 00:21:40,800 --> 00:21:43,500 If you're just staying humble Stacks, that's if you feel 387 00:21:43,500 --> 00:21:46,500 insecure about what's going on. You got to learn more about 388 00:21:46,500 --> 00:21:48,200 Bitcoin. You gotta bring, you gotta open 389 00:21:48,200 --> 00:21:51,200 up those Bitcoin books. Remember the hash rate has never 390 00:21:51,200 --> 00:21:54,600 been in an all-time high before we have institutional exposure 391 00:21:54,600 --> 00:21:58,900 with black rock Have giant oil and gas companies getting into 392 00:21:58,900 --> 00:22:01,900 Bitcoin. You have Exxon Mobil, you have, 393 00:22:02,800 --> 00:22:05,000 you have shell right, announcing that they're going to be 394 00:22:05,000 --> 00:22:08,300 sponsoring the Bitcoin magazine events, right? 395 00:22:08,300 --> 00:22:11,500 You have gas problem, which is the national state owned owned 396 00:22:11,500 --> 00:22:14,100 company and of course, you have to come countries, making 397 00:22:14,100 --> 00:22:17,400 Bitcoin legal, tender, El, Salvador, and the Central 398 00:22:17,400 --> 00:22:20,500 African Republic. None of those things were true 399 00:22:20,900 --> 00:22:25,300 back in 2017 when the price of Bitcoin was at the same exact 400 00:22:25,300 --> 00:22:27,800 price It's none of those things that I mentioned you were true. 401 00:22:27,800 --> 00:22:31,700 We're true, right? So I don't know, maybe this is 402 00:22:31,700 --> 00:22:35,300 just an Eco being very bullish, but in my opinion, I think it's 403 00:22:35,300 --> 00:22:38,500 extremely undervalued right now and the reason it's being pushed 404 00:22:38,500 --> 00:22:42,300 down so much is because all the Leverage is being flushed out of 405 00:22:42,300 --> 00:22:44,000 the system. Anyways Opti, what are your 406 00:22:44,000 --> 00:22:45,600 thoughts and then we'll move on to under this. 407 00:22:46,500 --> 00:22:51,900 Well, first, let's start with like that coinbase news thing, 408 00:22:51,900 --> 00:22:54,900 where they say, grayscale fund saw Foo, it was just like, 409 00:22:54,900 --> 00:22:57,900 literally like trust us bro we good you know like signed them 410 00:22:57,900 --> 00:23:03,800 transactions guys and and then and then you'll cause Last 411 00:23:03,800 --> 00:23:06,700 concern on Twitter. But hey, it's not looking good 412 00:23:06,700 --> 00:23:11,900 for for a lot of these trade funds out there and everyone's 413 00:23:11,900 --> 00:23:13,700 freaking out about grayscale on Twitter. 414 00:23:14,200 --> 00:23:19,200 So I mean like all that Bitcoin we will see like the mother of 415 00:23:19,200 --> 00:23:21,900 all short squeezes. Once all this paper Bitcoin, 416 00:23:21,900 --> 00:23:26,300 gets cleared out, and we finally realize how much Bitcoin is 417 00:23:26,300 --> 00:23:29,400 actually being traded versus how much paper Bitcoin was being 418 00:23:29,400 --> 00:23:32,600 traded. And we can, you know, eliminate 419 00:23:32,600 --> 00:23:35,600 all the the price manipulations out there because the more paper 420 00:23:35,600 --> 00:23:38,400 Bitcoin, the more, they're able to manipulate the price. 421 00:23:38,400 --> 00:23:41,700 But it's like you said, you know, the CK quote comes to mind 422 00:23:41,700 --> 00:23:44,800 guys, just make sure you get your meat sack over the Finish 423 00:23:44,800 --> 00:23:47,400 Line, stay humble, don't over-leveraged yourself right 424 00:23:47,400 --> 00:23:49,000 now. Is not the time to get over 425 00:23:49,000 --> 00:23:51,600 leveraged. I know there's a lot of talk on 426 00:23:51,600 --> 00:23:53,500 Twitter. People are wondering whether 427 00:23:53,500 --> 00:23:56,700 they should take out loans right now, what they should do, but 428 00:23:56,700 --> 00:24:02,200 hey, it's or sell your house. I think we all made the mistakes 429 00:24:02,200 --> 00:24:04,200 at the top. I think now is the time to stay 430 00:24:04,200 --> 00:24:07,800 humble guys, provide the value, you know, mine Fiat, mine 431 00:24:07,800 --> 00:24:11,500 Bitcoin and then just saving Bitcoin, unplug, do whatever you 432 00:24:11,500 --> 00:24:15,200 have to do so that you don't get caught up in the price movement, 433 00:24:15,200 --> 00:24:19,600 because, you know, it's getting bloody men and, and some has hit 434 00:24:19,600 --> 00:24:22,700 our blood right now. So, like it just it's just 435 00:24:22,700 --> 00:24:25,500 Bitcoin bear Market things. But shout out to our friends at 436 00:24:25,500 --> 00:24:28,600 Bitcoin mag and unchain that got like, you know, stay up guys, 437 00:24:28,900 --> 00:24:30,600 it's bloody out here for everyone. 438 00:24:30,600 --> 00:24:34,300 I wish you guys the best. And I just a testament to what 439 00:24:34,300 --> 00:24:36,300 we've been saying Forever on the show guys. 440 00:24:36,300 --> 00:24:38,500 It's just like stay humble Stacks out. 441 00:24:38,600 --> 00:24:43,300 If we know if we really believe we're Bitcoin is going we don't 442 00:24:43,300 --> 00:24:45,400 have to do all this crazy over-leveraged stuff. 443 00:24:45,400 --> 00:24:48,400 We don't we don't have to get overly risky right now because 444 00:24:48,400 --> 00:24:49,700 that's how you're going to get rekt. 445 00:24:49,700 --> 00:24:52,000 You know. Like just make sure you have the 446 00:24:52,000 --> 00:24:55,500 sets that you control. Now going into the future and 447 00:24:55,500 --> 00:24:58,600 life will be good for us. All it's kind of back to like 448 00:24:58,600 --> 00:25:02,600 how bullish are you really? Because don't wreck yourself. 449 00:25:02,800 --> 00:25:06,400 Before we get to the Finish Line because you probably have enough 450 00:25:06,400 --> 00:25:09,000 SATs. Now then then you might if 451 00:25:09,000 --> 00:25:11,500 you're getting really risky out there so just continue to 452 00:25:11,500 --> 00:25:16,100 provide value, save in Bitcoin, you know, up your skills, do 453 00:25:16,100 --> 00:25:18,600 whatever you have to do so that you get more cash flow in right 454 00:25:18,600 --> 00:25:22,100 now and build something guys, bear markets are for building. 455 00:25:22,100 --> 00:25:24,700 And as Becca says, you know, I hope you guys are out there 456 00:25:25,700 --> 00:25:28,900 because now is the time. Amen to that. 457 00:25:28,900 --> 00:25:32,600 But yeah, dude, this is this is some crazy stuff guys. 458 00:25:32,700 --> 00:25:36,700 All you got to do is survive, put that put that like put a 459 00:25:36,700 --> 00:25:39,000 picture, get a block clock, right? 460 00:25:39,000 --> 00:25:41,600 And the only setting you should have on the block clock as to 461 00:25:41,600 --> 00:25:43,500 having date. All right, that you just gotta 462 00:25:43,500 --> 00:25:46,300 get over that Finish Line, baby. That's all you got to do. 463 00:25:46,600 --> 00:25:50,200 So just survive guys. This is what it is in 2023. 464 00:25:50,200 --> 00:25:52,600 It looks also like a lot of people are anticipating a 465 00:25:52,600 --> 00:25:56,200 recession, so it might also look bad in the economy as well. 466 00:25:56,400 --> 00:26:00,600 Just survive with your sacks with as much of your SATs intact 467 00:26:00,600 --> 00:26:02,700 as possible. Anyways Andreas what are your 468 00:26:02,800 --> 00:26:07,900 It's bro, before we move on dude I just want to say Can you can 469 00:26:07,900 --> 00:26:10,400 you guys hear me okay? Yeah I'm here like an okay. 470 00:26:10,400 --> 00:26:14,500 You're so so I just want to say like Bitcoin works like the 471 00:26:14,500 --> 00:26:17,500 protocol like it's just it's just doing its thing, right? 472 00:26:17,700 --> 00:26:20,500 Tick-Tock next block. The problem. 473 00:26:21,200 --> 00:26:25,100 It's when we introduce Fiat financials into Bitcoin like all 474 00:26:25,100 --> 00:26:28,700 these exchanges have been just like they're just a carbon copy 475 00:26:28,700 --> 00:26:32,400 of what's happened, like everything that's bad and 476 00:26:32,400 --> 00:26:33,600 everything. Thing that we're trying to get 477 00:26:33,600 --> 00:26:36,500 away from in the Fiat, it in a Bitcoin. 478 00:26:36,500 --> 00:26:39,800 Like, you know, like the hash rates, at all-time high, like 479 00:26:39,800 --> 00:26:43,200 there's notes being fired up every day more and more all over 480 00:26:43,200 --> 00:26:46,000 the world. Lightning is just firing up, 481 00:26:46,000 --> 00:26:49,000 like everything with that is self contained within Bitcoin 482 00:26:49,000 --> 00:26:52,600 works. So, I have never liked seeing 483 00:26:52,600 --> 00:26:55,500 the need personally, for all these like, other, like 484 00:26:55,500 --> 00:27:00,400 exchanges and, and one of the biggest arguments that people 485 00:27:00,400 --> 00:27:03,800 have for these exchanges. It's the the Self custody like 486 00:27:03,800 --> 00:27:06,600 self custody is too difficult for people to do and to achieve 487 00:27:06,600 --> 00:27:10,300 and I believe that's just its gas lighting like the I mean 488 00:27:10,300 --> 00:27:13,300 these people want to make money and the customers are newbies or 489 00:27:13,300 --> 00:27:15,800 you know people that aren't as technically Savvy as some of us. 490 00:27:16,400 --> 00:27:19,200 But I feel like that's just nonsense and we need to like 491 00:27:19,200 --> 00:27:23,600 really illustrate, that being a self sovereign individual 492 00:27:23,600 --> 00:27:25,600 holding your own Keys. It's not that hard. 493 00:27:25,900 --> 00:27:30,000 You know, it's not that scared and we man yeah that's just Fiat 494 00:27:30,000 --> 00:27:33,200 2.0 on top of Bitcoin. And on top of like Hit points 495 00:27:33,200 --> 00:27:36,900 like so we want to get away from that 100% And that's, you know, 496 00:27:36,900 --> 00:27:39,600 and that's responsible for a lot of the things that are happening 497 00:27:39,600 --> 00:27:41,000 right now. Are you even making argument 498 00:27:41,000 --> 00:27:44,100 that's a responsible for Bitcoin not hitting six figures, right? 499 00:27:44,200 --> 00:27:46,700 Is a lot of the Fiat you know the bhature E. 500 00:27:46,900 --> 00:27:48,300 Right. And of course, it's not even 501 00:27:48,300 --> 00:27:51,700 it's not regulated but again history is repeating itself over 502 00:27:51,700 --> 00:27:55,800 and over again and because they're able to because it's, 503 00:27:55,800 --> 00:27:58,100 you know, it they're using I hate using this word 504 00:27:58,100 --> 00:28:01,900 cryptocurrencies, right? And it makes it difficult for 505 00:28:01,900 --> 00:28:05,100 governments to The rules they implemented in the Fiat system 506 00:28:05,100 --> 00:28:07,400 because in the Fiat system, they did the same thing until they 507 00:28:07,400 --> 00:28:10,600 implemented the rules history once again is repeating itself 508 00:28:10,600 --> 00:28:15,200 of the difference here though. Guys is Bitcoin Bitcoin is the 509 00:28:15,200 --> 00:28:17,600 signal right for the first time in human history, you can 510 00:28:17,600 --> 00:28:20,800 memorize 12 words in your mind and you can store millions 511 00:28:20,800 --> 00:28:23,300 billions if not trillions of dollars in your mind 512 00:28:23,300 --> 00:28:26,200 theoretically and you can send that anywhere around the world 513 00:28:26,200 --> 00:28:28,900 and there's no third-party risk, right? 514 00:28:28,900 --> 00:28:31,900 But people are not learning the lessons of the past and history 515 00:28:31,900 --> 00:28:33,100 is repeating itself. Self. 516 00:28:33,100 --> 00:28:37,100 It's unfortunate but anyways real quick I want to talk about 517 00:28:37,400 --> 00:28:41,700 Bitcoin wallets it looks like JP Morgan is trying to remain 518 00:28:41,700 --> 00:28:43,300 relevant. Check this out. 519 00:28:43,300 --> 00:28:48,500 I could never have imagined this shoutout to bitcoin magazine. 520 00:28:48,500 --> 00:28:52,700 They took a screenshot JPMorgan has trademarked a cryptocurrency 521 00:28:52,700 --> 00:28:55,300 payment wallet Bitcoin. I mean. 522 00:28:55,600 --> 00:28:58,800 So is it open source? Why are they patentee? 523 00:28:58,800 --> 00:29:00,500 Why are they trade? Marking it? 524 00:29:00,700 --> 00:29:02,600 Would you trust the j.p. Morgan? 525 00:29:02,700 --> 00:29:07,400 It I wouldn't I would trust an open source wall and this is why 526 00:29:07,400 --> 00:29:10,500 I want to talk about Jack dorsey's project, right blocks 527 00:29:10,500 --> 00:29:14,400 new Bitcoin, wallet, aims to solve a huge problem, member and 528 00:29:14,400 --> 00:29:17,400 self custody is a huge problem, because a lot of people would 529 00:29:17,400 --> 00:29:20,000 under this was saying, don't have the technical know-how. 530 00:29:20,000 --> 00:29:23,300 They they've spent way too much time in the Fiat Matrix and they 531 00:29:23,300 --> 00:29:25,000 don't feel comfortable with this stuff. 532 00:29:25,100 --> 00:29:28,600 So anyways, goes on to say block, just detailed plans for 533 00:29:28,700 --> 00:29:31,600 itself custody Bitcoin Harbor while aiming to bring together 534 00:29:31,600 --> 00:29:35,000 the the often Contradictory goals of convenience and crypto 535 00:29:35,000 --> 00:29:37,900 security blocks goal is to monetize the wall at the re 536 00:29:37,900 --> 00:29:40,600 Subscription Service. The plan laid out a blocks, 537 00:29:40,600 --> 00:29:43,100 investor day aims to make it easier for mainstream 538 00:29:43,100 --> 00:29:45,600 individuals to self custody their own Bitcoin. 539 00:29:45,800 --> 00:29:49,000 Thus enabling total control of it, while offering additional 540 00:29:49,000 --> 00:29:51,700 protections that are often, not available for self, custody 541 00:29:51,700 --> 00:29:54,800 Hardware, softer, wallets. Many other wallets don't have 542 00:29:54,800 --> 00:29:57,800 easy backup systems for consumers to access their funds 543 00:29:58,000 --> 00:29:59,800 to do this. The wallet will include three 544 00:29:59,800 --> 00:30:05,100 parts, a mobile app, a hardware, Device and a self-serve recovery 545 00:30:05,100 --> 00:30:08,800 tool the mobile app which will presumably be run by block, will 546 00:30:08,800 --> 00:30:10,600 be for everyday smaller transaction. 547 00:30:10,600 --> 00:30:13,600 Since it's easier it since it's easily accessible for people at 548 00:30:13,600 --> 00:30:17,100 all times, quote, our wallet breaks up the secret key into 549 00:30:17,100 --> 00:30:19,300 three pieces, to reduce the stakes of losing. 550 00:30:19,300 --> 00:30:23,100 Any one piece, the hardware wallet with its Rock design and 551 00:30:23,100 --> 00:30:27,300 fingerprint access, which has been previously detailed will be 552 00:30:27,300 --> 00:30:29,800 used for larger? Transactions were more security 553 00:30:29,800 --> 00:30:31,400 is needed. The hardware, wallet will 554 00:30:31,400 --> 00:30:33,900 presumably. Hold the As private Keys, which 555 00:30:33,900 --> 00:30:36,900 are a user would set only for transactions above a certain 556 00:30:36,900 --> 00:30:39,100 size. If the mole checking account the 557 00:30:39,108 --> 00:30:41,400 hardware wallet is like a savings account. 558 00:30:41,500 --> 00:30:45,000 Quote, we are designing a system for regular folks so it has to 559 00:30:45,000 --> 00:30:48,500 be resilient and Inspire confidence even when things go 560 00:30:48,500 --> 00:30:51,900 wrong and I think that is absolutely spot-on and check 561 00:30:51,900 --> 00:30:53,600 this out. The hardware wallet will also be 562 00:30:53,600 --> 00:30:57,000 a security to love someone loses a phone or switches to a new 563 00:30:57,000 --> 00:30:59,700 phone and there's been an update which is why I wanted to cover 564 00:30:59,700 --> 00:31:03,500 this today this came out about a week ago block Hardware wallet 565 00:31:03,500 --> 00:31:07,100 will be manufactured by Flex in Austin, Texas. 566 00:31:07,100 --> 00:31:10,200 So it looks like that project is moving along, and it makes me 567 00:31:10,200 --> 00:31:13,900 very bullish because the self custody problem is definitely an 568 00:31:13,900 --> 00:31:14,600 issue. Right. 569 00:31:14,600 --> 00:31:17,200 There's, you know, the feta mints is potentially a solution 570 00:31:17,200 --> 00:31:22,100 to that as well, but we must have more individuals, taking 571 00:31:22,100 --> 00:31:26,200 self, custody, taking their Bitcoin into there and into 572 00:31:26,200 --> 00:31:28,500 their own hands, so that things like ft x. 573 00:31:28,500 --> 00:31:31,700 So that things like Mount gox. They could happen. 574 00:31:31,900 --> 00:31:34,800 But the amount of victims is going to be a lot smaller 575 00:31:34,800 --> 00:31:38,300 because the majority of people would have had their Bitcoin off 576 00:31:38,300 --> 00:31:39,600 exchanges. Right? 577 00:31:39,600 --> 00:31:42,900 So, awesome. Awesome project about the block. 578 00:31:42,900 --> 00:31:47,200 Obviously, there's some security privacy implications there, 579 00:31:47,400 --> 00:31:48,800 right? It looks like a lot of people 580 00:31:48,800 --> 00:31:52,400 would be giving up a lot of privacy to that company. 581 00:31:52,700 --> 00:31:56,500 Ideally, you know, you want to have either a bit box, a cold 582 00:31:56,500 --> 00:32:01,000 card, a treasure and you want that wallet synced with your own 583 00:32:01,000 --> 00:32:03,000 node. So though it so your As are 584 00:32:03,000 --> 00:32:05,600 being doxxed, right? So you're you know, you don't 585 00:32:05,600 --> 00:32:08,900 you want to minimize trust as much as possible. 586 00:32:08,900 --> 00:32:12,600 But for the average, Joe for the person who's not technically 587 00:32:12,600 --> 00:32:15,800 Savvy for the person who spent a lot of time in the Fiat Matrix 588 00:32:16,300 --> 00:32:19,500 you know, self custody is better than nothing, right? 589 00:32:19,500 --> 00:32:22,800 And if that means sacrificing, a little bit of privacy for 590 00:32:22,800 --> 00:32:24,800 convenience. So be it. 591 00:32:24,800 --> 00:32:27,900 I think it's just, it's a step in the right direction. 592 00:32:28,100 --> 00:32:31,700 The reality is that not every single individual because I 593 00:32:31,700 --> 00:32:34,300 think this is going to be a A generational learning 594 00:32:34,300 --> 00:32:37,200 experience. Not every individual is 595 00:32:37,200 --> 00:32:40,700 comfortable with self custody and that's just the reality of 596 00:32:40,700 --> 00:32:42,900 it. I'm glad that block is working 597 00:32:42,900 --> 00:32:44,800 on a solution. I'm glad that, you know, fed 598 00:32:44,800 --> 00:32:47,000 immense is another solution as well, right? 599 00:32:47,000 --> 00:32:50,400 So, I'm really excited to see more news about this project. 600 00:32:50,400 --> 00:32:53,600 And if it actually, you know, accomplishes the goal, that it 601 00:32:53,600 --> 00:32:56,700 sells that it sets out, which is individuals everyday 602 00:32:56,700 --> 00:33:00,100 individuals, taking self, custody of their corn Opti, 603 00:33:00,100 --> 00:33:03,600 what's good bro? Well, The roll it back a little 604 00:33:03,600 --> 00:33:05,900 bit to the j.p. Morgan news at first, you know, 605 00:33:05,900 --> 00:33:11,900 JP Morgan gets into crypto currency wallet, let's not 606 00:33:11,900 --> 00:33:15,500 forget the JPMorgan owns, it's a substantial part of fed coin, I 607 00:33:15,500 --> 00:33:18,100 mean, Yuri thiam coin, I meani theorem coin. 608 00:33:18,100 --> 00:33:23,100 So like I mean again we say all the time on this show like this 609 00:33:23,100 --> 00:33:25,400 may give give Bitcoin and shit coin. 610 00:33:25,400 --> 00:33:29,500 Some sense of legitimacy to like the unsophisticated Bitcoin 611 00:33:29,500 --> 00:33:32,100 investor out there, you know, like oh big companies are coming 612 00:33:32,100 --> 00:33:34,300 into this. Space, you know, Mass adoption 613 00:33:34,300 --> 00:33:37,000 and all this stuff. But I would not touch this 614 00:33:37,000 --> 00:33:41,400 wallet with a 10-foot pole. I would stay away from this like 615 00:33:41,400 --> 00:33:43,800 I'm going to tell everyone to stay away from this and less it 616 00:33:43,800 --> 00:33:46,700 becomes like open source and it's actually a Bitcoin wallet 617 00:33:46,700 --> 00:33:49,500 and not just like any Theory, mm wallet then. 618 00:33:49,500 --> 00:33:53,500 I mean it it just it doesn't seem like big news to me. 619 00:33:53,500 --> 00:33:57,100 But, hey, this, again, this shows to, you know, the average 620 00:33:57,100 --> 00:34:00,300 person out there that there is more and more big companies and 621 00:34:00,300 --> 00:34:01,900 institutions coming into Bitcoin. 622 00:34:01,900 --> 00:34:05,000 So I can How this is, you know, bullish news for some people 623 00:34:05,008 --> 00:34:08,800 especially since this is at the, you know what looks like almost 624 00:34:08,800 --> 00:34:12,000 the bottom of a bear market. So of course it's it's 625 00:34:12,000 --> 00:34:17,400 definitely, you know, just more data points to us bitcoiners 626 00:34:17,400 --> 00:34:21,000 proving this, right? That like Bitcoin isn't dead and 627 00:34:21,000 --> 00:34:24,300 then just to the Jack dorsey's wallet, or as someone DM does in 628 00:34:24,300 --> 00:34:28,600 in the simply Bitcoin Twitter account the Bitcoin signing 629 00:34:28,600 --> 00:34:31,500 device. I can't wait, I can't wait to 630 00:34:31,500 --> 00:34:33,199 try it, you know, it looks. Interesting. 631 00:34:33,199 --> 00:34:38,000 And I'm always open to trying new new signing devices and new 632 00:34:38,000 --> 00:34:43,199 apps out there that are making my ux and my experience that 633 00:34:43,199 --> 00:34:45,500 much easier. And and not only that but 634 00:34:45,500 --> 00:34:48,699 helping new people get on board and have the best Bitcoin 635 00:34:48,699 --> 00:34:51,800 practices right out the box. So, you know, I think this is 636 00:34:51,800 --> 00:34:57,000 just further further Testament. Exactly people beating of 637 00:34:57,000 --> 00:35:02,400 JPMorgan into shot for the proof that we are getting 2. 638 00:35:02,800 --> 00:35:05,500 I know, I know I've been beating this this meme in people's head 639 00:35:05,500 --> 00:35:08,000 but like apple finding all these products I know it's not the 640 00:35:08,008 --> 00:35:12,000 best meme but we as developers I'm not a developer. 641 00:35:12,100 --> 00:35:16,700 I think that you know an emphasis on making Bitcoin is 642 00:35:16,800 --> 00:35:20,400 easy to use without sacrificing the Bitcoin principles that we 643 00:35:20,400 --> 00:35:24,000 try to push every single day will definitely help more people 644 00:35:24,000 --> 00:35:26,600 become bitcoiners and get on-boarded on the Bitcoin 645 00:35:26,600 --> 00:35:28,200 standard. Absolutely. 646 00:35:28,200 --> 00:35:31,000 And it did these comments are just the amount of music. 647 00:35:32,200 --> 00:35:33,700 Yeah. Yeah, I got you so, mr. 648 00:35:33,700 --> 00:35:38,100 Robot says no, it's to this to Alex Jones, you man Bushmaster 649 00:35:38,100 --> 00:35:41,300 says, JP Bitcoin backdoor wallet Tucson. 650 00:35:41,300 --> 00:35:44,700 Bitcoin says JPMorgan wallet is going to work with Central Bank, 651 00:35:44,700 --> 00:35:48,500 digital currencies Z logic. This is true, this is not a 652 00:35:48,508 --> 00:35:50,700 conspiracy theory. You could, you can verify this 653 00:35:50,700 --> 00:35:54,300 yourself JB Morgan. They had the cruise ship full of 654 00:35:54,300 --> 00:35:57,200 cocaine, right? So to be specific, there was a 655 00:35:57,208 --> 00:36:01,500 container ship that JPMorgan owned and it was, it was seized. 656 00:36:01,500 --> 00:36:04,900 It was caught with the Cocaine, of course, that's absolutely 657 00:36:04,900 --> 00:36:06,600 hilarious. But, you know, it's the 658 00:36:06,600 --> 00:36:11,200 open-source developers that are stuck in prison without without 659 00:36:11,200 --> 00:36:13,800 bail. And people like SBF for running 660 00:36:13,800 --> 00:36:16,300 free because they donated to the right political parties. 661 00:36:16,600 --> 00:36:20,500 Anyways, Rave elevator says JP is making a Black Swan. 662 00:36:20,500 --> 00:36:23,700 If you can't read the code or the wallet, it's not is not 663 00:36:23,700 --> 00:36:26,100 Bitcoin only red flag. I absolutely agree. 664 00:36:26,300 --> 00:36:28,500 It's weird. They trademark that to that kind 665 00:36:28,500 --> 00:36:31,800 of goes against the whole open source movement. 666 00:36:31,900 --> 00:36:34,300 I don't know about About you guys, but I'm not trusting that 667 00:36:34,300 --> 00:36:36,700 JPMorgan wallet. Like hell no. 668 00:36:36,700 --> 00:36:38,100 Hell no. Anyways, I'm today. 669 00:36:38,100 --> 00:36:41,300 So what are your thoughts? And then we'll move to will move 670 00:36:41,300 --> 00:36:45,700 to the culture. Bro, man we're trying to get 671 00:36:45,708 --> 00:36:48,800 away from the bankers and the central Bankers like just know 672 00:36:48,800 --> 00:36:52,500 like simply know like going to do it and I just thought of 673 00:36:52,800 --> 00:36:56,200 Ross, ulbricht, look at what happened with SPF. 674 00:36:56,200 --> 00:36:58,700 You brought him up on, and it brought Ross back into my mind. 675 00:36:58,700 --> 00:37:01,800 I'm like, you know, all he did was to, like, provide a platform 676 00:37:01,800 --> 00:37:04,300 for people to And he's rotting in jail. 677 00:37:04,300 --> 00:37:09,000 Well, SPF has literally like scam like hundreds of billions 678 00:37:09,000 --> 00:37:10,900 like we're not go. Sorry, hundreds of millions of 679 00:37:10,900 --> 00:37:15,000 people and I and I guarantee you he's not going to go to jail, 680 00:37:15,100 --> 00:37:18,600 like he's not and it just shows you that the corruption the 681 00:37:18,600 --> 00:37:21,100 level of corruption. So, like we're literally 682 00:37:21,100 --> 00:37:26,000 stepping outside of the that Fiat World guys, just don't do 683 00:37:26,000 --> 00:37:27,400 it. Like, if you're thinking that 684 00:37:27,400 --> 00:37:30,100 that's a good thing for Bitcoin, it is like nothing. 685 00:37:30,100 --> 00:37:32,400 That is not open source. Don't do it. 686 00:37:32,500 --> 00:37:35,400 And going back to the, to the Jack. 687 00:37:35,400 --> 00:37:38,900 Dorsey wallet, I have brought this up a sip, a similar 688 00:37:38,900 --> 00:37:41,900 concept, I brought up in one of the spaces where all the Maxis, 689 00:37:41,900 --> 00:37:44,600 hang and they all of them were like, no, no, no, no way that 690 00:37:44,600 --> 00:37:47,700 introduces, like, complexity, which, which can cause like, you 691 00:37:47,708 --> 00:37:52,400 know, like vulnerabilities, like points of vulnerability, but I 692 00:37:52,400 --> 00:37:56,400 still believe that we need technology that allows for 693 00:37:56,400 --> 00:37:59,900 people to in some way, hold their own Keys, you know, and I 694 00:37:59,908 --> 00:38:02,800 think that that's just a step in the right direction and, That 695 00:38:02,800 --> 00:38:04,200 that's going to need to happen, you know? 696 00:38:04,200 --> 00:38:07,000 And as long as it's open source I welcome it. 697 00:38:07,200 --> 00:38:11,500 Amen to that absolutely bullish over around a bullish all over 698 00:38:11,500 --> 00:38:15,400 man, the the continued investment in Bitcoin companies, 699 00:38:15,600 --> 00:38:20,000 hash rate continues to go up nation-state adoption, you know, 700 00:38:20,000 --> 00:38:22,200 institutional involvement as well. 701 00:38:22,500 --> 00:38:27,200 All of these things paint a very bullish picture, right? 702 00:38:27,200 --> 00:38:31,500 And if you focus on the actual fundamentals, they continue to 703 00:38:31,500 --> 00:38:35,100 be stronger. Hey guys. 704 00:38:35,500 --> 00:38:41,500 Back when Bitcoin, this is in 27 of those things that I just 705 00:38:41,500 --> 00:38:47,200 said, we're there wasn't legal tender in a country was an 706 00:38:47,200 --> 00:38:52,000 Institutional involvement either, you know, it's it's, 707 00:38:52,000 --> 00:38:53,400 it's, it's definitely interesting. 708 00:38:53,400 --> 00:38:55,300 Anyways, let's get to the culture, let's do it. 709 00:38:58,400 --> 00:39:03,800 The daily culture brought to you by Swan Bitcoin, Cam Swan is the 710 00:39:03,800 --> 00:39:07,100 best way to build your Bitcoin stack with automated Bitcoin 711 00:39:07,100 --> 00:39:10,800 savings plans and instant purchases serving clients of any 712 00:39:10,800 --> 00:39:14,100 size from ten dollars to ten million dollars. 713 00:39:14,100 --> 00:39:17,500 We love Swan because they incentivize self custody and 714 00:39:17,500 --> 00:39:20,500 dollar cost averaging. What do you waiting for visit 715 00:39:20,500 --> 00:39:25,000 Swan Bitcoin.com today. All right, everybody, I want to 716 00:39:25,000 --> 00:39:28,600 give a shout out to Big Block. Boom, it's a true Bitcoin 717 00:39:29,000 --> 00:39:31,900 conference and network with fellow bitcoiners in Austin, 718 00:39:31,900 --> 00:39:35,400 Texas. August 24th 25th 26th and 27th 719 00:39:35,400 --> 00:39:40,800 of 2023 quote, this is a non shit coined nft or blockchain 720 00:39:40,800 --> 00:39:43,500 event. We talked about Bitcoin Bitcoin 721 00:39:43,500 --> 00:39:45,800 and more Bitcoin. It's a true Bitcoin. 722 00:39:45,800 --> 00:39:49,400 Maxi conference is actually where me and Opti met in person 723 00:39:49,400 --> 00:39:52,100 For the First Time In the Flesh. You could take advantage of the 724 00:39:52,100 --> 00:39:55,100 promo code, simply Bitcoin to get a discount to your bit 725 00:39:55,100 --> 00:39:57,800 block. Boom, tickets Opti, what are you 726 00:39:57,800 --> 00:40:01,100 talking about today, bro? Well well, well, well, we got 727 00:40:01,100 --> 00:40:04,600 our boy on this in here and You guys hang out in the spaces, we 728 00:40:04,600 --> 00:40:08,300 have this conversation all the time on Twitter spaces and we 729 00:40:08,300 --> 00:40:11,900 had a, we had a perfect segue on the desk mention, the corruption 730 00:40:11,900 --> 00:40:16,400 of the Fiat world and on this is also a Venezuelan like you Nica. 731 00:40:16,400 --> 00:40:19,400 You know this, you guys are our in-house Venezuelans. 732 00:40:19,400 --> 00:40:22,500 And you guys talk about this all the time on the spaces and for 733 00:40:22,500 --> 00:40:25,300 you guys that aren't on the spaces, I just want to rehash 734 00:40:25,300 --> 00:40:28,600 this, these conversations that we have all the time and first 735 00:40:28,600 --> 00:40:32,300 and foremost maybe you guys can just give some context like what 736 00:40:32,400 --> 00:40:34,500 Happened in Venezuela for those that don't know. 737 00:40:34,500 --> 00:40:37,800 And are you seeing similar signs in the West in America, as you 738 00:40:37,800 --> 00:40:39,900 saw in Venezuela? I don't know, I'm just maybe you 739 00:40:39,900 --> 00:40:44,400 can start and Niko can jump in because we're seeing the signs 740 00:40:44,400 --> 00:40:46,900 and the Nico and I jump up and talk about this all the time. 741 00:40:47,100 --> 00:40:49,900 You know, the signs of the collectivist in the west right 742 00:40:49,900 --> 00:40:54,400 now, are very terrifying and we talked about this almost daily 743 00:40:54,400 --> 00:40:56,900 in our spaces. So I think this is something 744 00:40:56,900 --> 00:41:00,200 that people need to hear. Because again, history doesn't 745 00:41:00,200 --> 00:41:03,900 repeat, but it Rhymes and we are seeing Signs happening in real 746 00:41:03,900 --> 00:41:05,600 time. So I'm just, you want to jump in 747 00:41:05,600 --> 00:41:07,600 and then maybe Nico can add some subsets. 748 00:41:07,600 --> 00:41:11,300 Let me, let me preface this. Let me preface this because it, 749 00:41:11,300 --> 00:41:14,400 I don't like political conversations, but I'll preface 750 00:41:14,400 --> 00:41:15,500 it. I'll preface it with this. 751 00:41:15,500 --> 00:41:18,400 Guy's Bitcoin is about individualism. 752 00:41:18,400 --> 00:41:23,100 It's about empowering the individual right and statist 753 00:41:23,100 --> 00:41:24,800 right. Whether you know, they're come 754 00:41:24,800 --> 00:41:28,000 from the traditional political laughter political, right? 755 00:41:28,300 --> 00:41:31,400 It's all the same people misinterpret, they says, it's 756 00:41:31,400 --> 00:41:33,300 the left, its the Right? No, no. 757 00:41:33,300 --> 00:41:36,400 It's about individuals verse collectivist, right? 758 00:41:36,400 --> 00:41:38,800 And collectivist. That includes fascism. 759 00:41:38,800 --> 00:41:42,000 That includes socialism. That includes communism, right? 760 00:41:42,400 --> 00:41:45,700 Bitcoin is about empowering individuals, right? 761 00:41:45,700 --> 00:41:49,700 And this includes in countries that have fallen to Collective 762 00:41:49,700 --> 00:41:53,000 his ideologies, right? You're hearing beautiful stories 763 00:41:53,000 --> 00:41:57,800 of of Cubans for the first time being able to receive money from 764 00:41:57,800 --> 00:42:02,300 overseas via Bitcoin without the government, taking a cut, right? 765 00:42:02,500 --> 00:42:04,000 The Cuban government does is interesting. 766 00:42:04,000 --> 00:42:07,600 If you want to send US dollars to Cuba the you the Cuban 767 00:42:07,600 --> 00:42:11,900 government takes those dollars and then they hand you a peso 768 00:42:11,900 --> 00:42:15,100 shit coin in return. Right now, all of a sudden, you 769 00:42:15,100 --> 00:42:19,500 have a way to go around that. I also heard Amazing Stories in 770 00:42:19,500 --> 00:42:22,800 Venezuela, as well as individuals were fleeing the 771 00:42:22,800 --> 00:42:26,300 country and the only thing that they could take with them right 772 00:42:26,300 --> 00:42:28,200 is Bitcoin. Because all they had to do is 773 00:42:28,200 --> 00:42:31,700 just memorize a 12 word seed, phrase or just put it in a very 774 00:42:31,700 --> 00:42:32,600 safe. Pot. 775 00:42:32,600 --> 00:42:37,200 And, you know, the, the advantage of storing wealth is 776 00:42:37,200 --> 00:42:40,600 in your favor, the balance of powers in your favor, right? 777 00:42:40,600 --> 00:42:44,100 So yeah, the, the whole story of Venezuela is tragic. 778 00:42:44,100 --> 00:42:48,100 It went down the collectivism path, but I think to tie this in 779 00:42:48,100 --> 00:42:50,900 with Bitcoin to make it about Bitcoin, make this Bitcoin 780 00:42:50,900 --> 00:42:54,000 Centric, right? I think Bitcoin has the 781 00:42:54,000 --> 00:42:55,800 potential to fundamentally change. 782 00:42:55,800 --> 00:42:58,900 The relationship between individuals and governments and 783 00:42:58,900 --> 00:43:01,900 I think that governments are able to get away with a lot of 784 00:43:02,000 --> 00:43:05,100 what they Get away with is because they control the money 785 00:43:05,100 --> 00:43:07,900 supply. They, they have a money printer 786 00:43:07,900 --> 00:43:10,300 that funds. This endless bureaucracy. 787 00:43:10,300 --> 00:43:13,700 If we are successful in separating money and state, 788 00:43:13,700 --> 00:43:16,500 which I think we will be, because I think incentives are 789 00:43:16,500 --> 00:43:20,700 much stronger than coercion. We are ending this ability for 790 00:43:20,700 --> 00:43:23,300 these tyrants to do this on everybody else. 791 00:43:23,300 --> 00:43:27,200 But I think this revolution not only takes, you know, Bitcoins 792 00:43:27,200 --> 00:43:29,900 incentives. It also takes individuals taking 793 00:43:29,900 --> 00:43:33,900 personal responsibility. Any things like self custody, 794 00:43:33,900 --> 00:43:35,300 right? And as, in the case of 795 00:43:35,300 --> 00:43:38,700 Venezuela, man, if you learn how to take self custody, you 796 00:43:38,700 --> 00:43:42,500 weren't being held hostage. So to speak, on this, on to 797 00:43:42,500 --> 00:43:45,700 undress Antonopoulos, who's the original person who orange build 798 00:43:45,700 --> 00:43:48,600 me, and I would just watch his lectures on repeat. 799 00:43:49,200 --> 00:43:51,900 He said he's like, look if you actually want to effectuate 800 00:43:51,900 --> 00:43:56,600 change in a country, it's not about invading or you know what 801 00:43:56,600 --> 00:43:59,800 the US did with Iraq and just invaded Iraq and destroyed the 802 00:43:59,800 --> 00:44:03,200 entire country. He said, he's like, just Drop 803 00:44:03,400 --> 00:44:06,000 hundreds of thousands of Hardware Wallets on to the 804 00:44:06,000 --> 00:44:09,000 people with instructions on how to take Bitcoin into self 805 00:44:09,000 --> 00:44:12,300 custody, it's as simple as that. If enough people take self 806 00:44:12,300 --> 00:44:14,700 custody, we win this peaceful Revolution. 807 00:44:14,700 --> 00:44:16,900 There's absolutely nothing they can do about it. 808 00:44:17,000 --> 00:44:19,700 Anyways, under this, what are your thoughts on all this, bro? 809 00:44:20,200 --> 00:44:23,300 Man, I just want to say. So in Venezuela, obviously 810 00:44:23,300 --> 00:44:26,200 there's been like a hyperinflationary period in the 811 00:44:26,200 --> 00:44:29,600 past, recent in the recent years and, you know, something that 812 00:44:29,600 --> 00:44:34,400 Venezuelans like understand really well is Is how the value 813 00:44:34,400 --> 00:44:37,600 of a currency that's being controlled by a central agency 814 00:44:37,800 --> 00:44:40,300 cat. It's how they're able to 815 00:44:40,300 --> 00:44:43,700 manipulate it in Venezuela. Like obviously the inflation. 816 00:44:43,700 --> 00:44:46,500 It's a little more complicated like the government ceased. 817 00:44:46,500 --> 00:44:50,700 The means of production like every like private in the 818 00:44:50,700 --> 00:44:53,600 industry, got like, either like scare out of the country or they 819 00:44:53,600 --> 00:44:55,500 got like, expropriated by the government. 820 00:44:55,700 --> 00:45:00,100 So, so all these companies failed and all of the products 821 00:45:00,100 --> 00:45:02,200 that people needed like they became scarce, right? 822 00:45:02,400 --> 00:45:06,500 So meanwhile, the government kept like printing money to fund 823 00:45:06,500 --> 00:45:08,400 all of these collectivist like programs, right? 824 00:45:08,400 --> 00:45:10,000 Like all these like, social programs. 825 00:45:10,300 --> 00:45:15,300 So this is what triggered like the hyperinflationary period. 826 00:45:15,300 --> 00:45:19,500 And so what people did what's like, they everybody like led to 827 00:45:19,500 --> 00:45:23,000 the strongest currency, which is the dollar, right? 828 00:45:23,100 --> 00:45:26,200 And now the dollars entering a period where we're going to see 829 00:45:26,200 --> 00:45:30,700 like maybe not, hopefully not a hyperinflationary period. 830 00:45:30,700 --> 00:45:34,500 So so people in And in countries like Venezuela, they understand 831 00:45:34,500 --> 00:45:36,900 money because they have lived this process. 832 00:45:37,100 --> 00:45:40,700 And so it's just like a no-brainer for Venezuelans to 833 00:45:40,700 --> 00:45:43,300 jump on to bitcoin. You know, like that's it's a 834 00:45:43,308 --> 00:45:46,300 no-brainer because it's the hardest money ever and my 835 00:45:46,300 --> 00:45:48,600 sisters. For example, I orange bill and 836 00:45:48,600 --> 00:45:51,900 it was super easy to do like, you know, like they have that 837 00:45:51,900 --> 00:45:54,300 experience from Venezuela and I just told him listen nobody 838 00:45:54,300 --> 00:45:57,900 controls this and the supply is limited and immediately there 839 00:45:57,900 --> 00:46:01,000 were like oh wow that's incredible and so they're like 840 00:46:01,000 --> 00:46:04,100 okay how do I save it? And so, people in these 841 00:46:04,100 --> 00:46:08,100 countries already primed right for for the adoption, and I feel 842 00:46:08,100 --> 00:46:14,300 that Bitcoin is it's so powerful that it can take away the power 843 00:46:14,300 --> 00:46:18,700 from from, from all these like tyrannical regimes and men in 844 00:46:18,700 --> 00:46:20,800 the US. Like people aren't going to like 845 00:46:21,400 --> 00:46:24,100 adopted as quickly because we haven't suffered. 846 00:46:24,300 --> 00:46:30,000 And I was talking to Brady Swenson from from from Swan at 847 00:46:30,000 --> 00:46:32,500 the conference. And we both like came To the 848 00:46:32,500 --> 00:46:35,300 same conclusion like the only way that we're going to get Mass 849 00:46:35,300 --> 00:46:37,300 adoption in the west is through pain. 850 00:46:37,400 --> 00:46:40,300 Sadly like when people started, you know like realizing that 851 00:46:40,300 --> 00:46:43,500 their savings accounts or like just, you know, like melting ice 852 00:46:43,500 --> 00:46:45,800 cubes, like their savings, like everything. 853 00:46:46,400 --> 00:46:51,800 People need to experience these things like firsthand in order 854 00:46:51,800 --> 00:46:55,200 in order to like be like, okay, I fully trust Bitcoin, I fully 855 00:46:55,200 --> 00:46:58,700 trust like a money system. That's outside of what has 856 00:46:58,700 --> 00:47:01,700 caused all of my life savings and energy to go to waste. 857 00:47:02,100 --> 00:47:05,300 So Yeah, Venezuela. It's like a perfect example of 858 00:47:05,300 --> 00:47:09,500 how the separation of money and state could it's incredibly 859 00:47:09,500 --> 00:47:12,000 powerful. Like it's the next step to 860 00:47:12,200 --> 00:47:14,400 shank, I'm free. It insulates. 861 00:47:14,400 --> 00:47:18,200 The free market it insulates individuals, from the 862 00:47:18,200 --> 00:47:21,100 government's ability to manipulate them through the 863 00:47:21,100 --> 00:47:22,500 control of the money right there. 864 00:47:22,600 --> 00:47:25,800 Also, the control of the money money supply and there's 865 00:47:25,800 --> 00:47:27,900 something that you said there was very interesting, which I 866 00:47:27,900 --> 00:47:31,500 completely fundamentally agree with, and I've tweeted this out 867 00:47:31,500 --> 00:47:33,100 many many. Time's right. 868 00:47:33,100 --> 00:47:37,500 I'm more bullish on developing countries adopting Bitcoin than 869 00:47:37,500 --> 00:47:40,400 developed countries, right? Because unfortunately in 870 00:47:40,400 --> 00:47:43,900 developed countries, there is convenience, there's decadence 871 00:47:43,900 --> 00:47:45,500 right? There's this the bread and 872 00:47:45,500 --> 00:47:49,300 circuses are strong the Netflix the Sunday football games. 873 00:47:49,300 --> 00:47:51,400 Right. But if you live in a country 874 00:47:51,400 --> 00:47:54,000 like Venezuela, if you live in a country, like Nigeria, if you 875 00:47:54,000 --> 00:47:58,100 live in a country like Argentina that has double digit inflation, 876 00:47:58,200 --> 00:48:01,800 you're adopting Bitcoin not for speculative reasons, which a lot 877 00:48:01,800 --> 00:48:03,600 of people. In the west you're adopting 878 00:48:03,600 --> 00:48:07,700 Bitcoin out of necessity, right? And necessity is a very, very 879 00:48:07,700 --> 00:48:13,200 strong incentive and it's funny the, the Nigerian example is the 880 00:48:13,200 --> 00:48:16,000 most beautiful, right where you know, the United Nations 881 00:48:16,000 --> 00:48:20,100 released a report saying we must die' incentivize the adoption of 882 00:48:20,100 --> 00:48:22,300 cryptocurrencies and developing countries. 883 00:48:22,600 --> 00:48:25,000 We must Implement Central Bank digital currencies and that's 884 00:48:25,000 --> 00:48:26,900 exactly what the Nigerian government did. 885 00:48:26,900 --> 00:48:28,900 They try to launch their Central Bank? 886 00:48:28,900 --> 00:48:33,300 Digital currency that e naira and it has E little adoption. 887 00:48:33,300 --> 00:48:36,100 And you think about it's like, why is that like why is that the 888 00:48:36,100 --> 00:48:38,300 case? Well, just because they launched 889 00:48:38,300 --> 00:48:40,600 a central bank, digital currency that doesn't solve the 890 00:48:40,600 --> 00:48:43,400 fundamental issue as to why people are opting out in the 891 00:48:43,400 --> 00:48:46,300 first place. And they're opting out because 892 00:48:46,300 --> 00:48:48,800 they don't want to deal with their currency being debased, 893 00:48:48,800 --> 00:48:50,100 right? And Central Bank digital 894 00:48:50,100 --> 00:48:54,500 currencies won't solve that unfortunately though in the west 895 00:48:54,500 --> 00:48:58,700 that the inflation rate Isn't So drastic that people don't really 896 00:48:58,700 --> 00:49:03,300 notice that they're being stolen from man that Unions right. 897 00:49:03,300 --> 00:49:07,200 Oh, look the it's JP Morgan. It's Wells Fargo, it's The Fad. 898 00:49:07,200 --> 00:49:10,200 This is the Central Bank. Digital currency, you know, they 899 00:49:10,200 --> 00:49:13,900 they roll out whatever politician on TV with the with 900 00:49:13,900 --> 00:49:17,300 the official emblem in the back and saying you can trust us. 901 00:49:17,400 --> 00:49:19,700 When in reality, you should not be trusting. 902 00:49:19,900 --> 00:49:23,000 And this is something that unfortunately people in Cuba 903 00:49:23,000 --> 00:49:26,500 people in Venezuela people in Afghanistan, you tell them, do 904 00:49:26,500 --> 00:49:28,700 you trust the government with your money and they'll tell you 905 00:49:28,700 --> 00:49:33,900 he'll know, he'll effing know. No, you know, so maybe it's a 906 00:49:33,908 --> 00:49:36,200 little bit of poetic justice to, right? 907 00:49:36,200 --> 00:49:39,600 Because these are the countries that have been suffering the 908 00:49:39,600 --> 00:49:44,500 most because they don't have the ability to issue their own to 909 00:49:44,500 --> 00:49:47,700 issue a strong fiat currency and maybe there's a little bit of 910 00:49:47,700 --> 00:49:50,600 poetic justice that it's developing countries that have 911 00:49:50,600 --> 00:49:53,000 been getting the short end of the stick for decades. 912 00:49:53,000 --> 00:49:57,100 Now are the ones that are going to be the first to benefit from 913 00:49:57,100 --> 00:50:00,100 hyper Bitcoin ization or going on a Bitcoin standard. 914 00:50:00,100 --> 00:50:03,700 So and look, this is not just Me speculating anymore. 915 00:50:03,700 --> 00:50:07,700 Look I don't think it's a coincidence that El Salvador 916 00:50:07,800 --> 00:50:13,500 adopted Bitcoin, saw record, GDP growth, saw the crime, drop B. 917 00:50:13,500 --> 00:50:16,300 And the reason I don't say it's a coincidence is because look, 918 00:50:16,300 --> 00:50:19,700 Michael sailor has the domain hope.com or hope dot-org. 919 00:50:19,700 --> 00:50:23,900 Right Bitcoin gives you hope and BK has to handle deterministic 920 00:50:23,900 --> 00:50:26,500 optimism, right? Your life perspective. 921 00:50:26,500 --> 00:50:29,800 Completely changes. When your unit of account is 922 00:50:29,800 --> 00:50:34,600 deflationary because all of a sudden Your opportunities, you 923 00:50:34,600 --> 00:50:37,500 have hope for a future because you know, that you could save 924 00:50:37,500 --> 00:50:40,800 and eventually you'll be able to afford something versus an 925 00:50:40,800 --> 00:50:44,600 inflationary future, it's a constant struggle and race to 926 00:50:44,600 --> 00:50:47,500 earn more and more and more money because that money is 927 00:50:47,500 --> 00:50:51,000 constantly losing value, right? So I don't think I don't think 928 00:50:51,000 --> 00:50:56,000 El Salvador's success story in terms of the economic growth and 929 00:50:56,000 --> 00:51:00,000 in terms of the tourism in terms of all this, hope that people 930 00:51:00,000 --> 00:51:01,900 see I was in it, I was in Cafe Bitcoin. 931 00:51:01,900 --> 00:51:04,000 This Morning. And there was a bunch of people 932 00:51:04,000 --> 00:51:06,600 being interviewed that were on the ground in El Salvador. 933 00:51:06,800 --> 00:51:09,700 And there are saying, look, I'm outside, I'm a Salvadorian 934 00:51:09,900 --> 00:51:12,100 before. I was always thinking, how do I 935 00:51:12,100 --> 00:51:14,700 get out of this place? How do I migrated to the United 936 00:51:14,700 --> 00:51:17,000 States? And now I'm thinking, I'm 937 00:51:17,000 --> 00:51:20,000 staying here. I see hope with nine bouquet LA, 938 00:51:20,200 --> 00:51:23,100 and I really think you're going to start seeing the same thing 939 00:51:23,200 --> 00:51:26,700 in countries, like Argentina and countries like Venezuela, as 940 00:51:26,700 --> 00:51:30,200 more and more and more of the population, wake up from the 941 00:51:30,200 --> 00:51:33,000 Fiat Matrix and realize holy Holy crap. 942 00:51:33,000 --> 00:51:36,000 I don't really need this government money anymore and 943 00:51:36,000 --> 00:51:37,900 because I don't really need this government. 944 00:51:37,900 --> 00:51:40,700 Any more money. Money more, you're taking power 945 00:51:40,700 --> 00:51:43,000 away from them. This is what the separation of 946 00:51:43,000 --> 00:51:46,600 money and state is all about. It's freaking beautiful but 947 00:51:46,600 --> 00:51:49,600 bunker down because the state is definitely going to fight back. 948 00:51:49,600 --> 00:51:51,500 Anyways, Opti, let's get to the moon review. 949 00:51:52,600 --> 00:51:58,100 The daily meme review brought to you by Kaboom racks. 950 00:51:58,100 --> 00:51:59,300 I get this question all the time. 951 00:51:59,300 --> 00:52:01,400 Nico. Where should I buy Bitcoin 952 00:52:01,400 --> 00:52:03,300 miners. The answer is Kaboom racks. 953 00:52:03,300 --> 00:52:05,800 It's the best place to buy Bitcoin miners. 954 00:52:05,800 --> 00:52:08,100 That's where you're going to find the best deals and the best 955 00:52:08,100 --> 00:52:11,600 prices start. Your mining Utopia today, to 956 00:52:11,600 --> 00:52:14,400 check out their racks. You got to go to T dot me, slash 957 00:52:14,400 --> 00:52:18,000 Kaboom racks, join their telegram group and start your 958 00:52:18,000 --> 00:52:21,800 mining Journey today. Kaboom racks, Kaboom irks. 959 00:52:21,800 --> 00:52:25,400 I feel good. That day, I love that name. 960 00:52:25,400 --> 00:52:28,400 Yeah, I love that. The sticker slap might be the 961 00:52:28,400 --> 00:52:31,200 best part of that. I got that from Tucson because 962 00:52:31,200 --> 00:52:34,900 Tucson just went to my luggage was like, oh man. 963 00:52:34,900 --> 00:52:37,200 All right guys, you already know this is the mean review. 964 00:52:37,200 --> 00:52:39,700 Tweeter, the bullets and memes are the artillery in this 965 00:52:39,700 --> 00:52:41,800 information War. You guys are the Frontline 966 00:52:41,800 --> 00:52:44,900 soldiers continued to spread that Bitcoin signal because the 967 00:52:44,900 --> 00:52:49,000 world needs to know they need Bitcoin now more than ever. 968 00:52:49,200 --> 00:52:52,400 Anyways, this first one, I don't think this is a new mean by 969 00:52:52,500 --> 00:52:56,200 Dylan Leclair but it's a very fitting meme at this time. 970 00:52:56,200 --> 00:52:59,000 So he did a post to go to Bitcoin, mining difficulty, just 971 00:52:59,000 --> 00:53:02,700 reaching a new all-time high and then he's got this me right 972 00:53:02,700 --> 00:53:04,700 here. You guys pain types of headaches 973 00:53:04,700 --> 00:53:08,600 migraines, hypertension stress, another bear Market difficulty, 974 00:53:08,600 --> 00:53:13,600 increase a minor out there. Oh man, a man and you're 975 00:53:13,600 --> 00:53:16,900 surviving, you will make it in the, in the meantime, you might 976 00:53:16,900 --> 00:53:19,700 be feeling some pain but hopefully you prepared for this 977 00:53:19,700 --> 00:53:21,500 moment. Anyway, Let's Get Down bunker 978 00:53:21,500 --> 00:53:25,900 down, kaboom Anyway, the next one is by the Bitcoin therapist 979 00:53:25,900 --> 00:53:30,300 AKA at the BTC therapist and he goes and this is a play on like 980 00:53:30,300 --> 00:53:33,500 The Smiling Meme and the shock me Migos crypto exchanges, 981 00:53:33,600 --> 00:53:36,300 rehypothecation Bitcoin in suppressing price and he's got a 982 00:53:36,308 --> 00:53:40,000 big smile and then he's got the shock, having a bank run on 983 00:53:40,100 --> 00:53:41,800 their Bitcoin. This is what we're seeing right 984 00:53:41,800 --> 00:53:46,000 now in real time guys. And, you know, a meme paints, a 985 00:53:46,000 --> 00:53:49,400 picture of a thousand words. Anyways, this next one is by 986 00:53:49,400 --> 00:53:52,400 sweet hot oil and I know you guys saw this. 987 00:53:52,500 --> 00:53:55,200 This this weekend. We had all the the crypto 988 00:53:55,200 --> 00:54:00,200 influencers trying to backtrack on their really bad endorsements 989 00:54:00,200 --> 00:54:02,200 of the past year and ago sweetheart. 990 00:54:02,200 --> 00:54:05,800 It goes just buy Bitcoin, and we got this, we got to pop in here 991 00:54:05,800 --> 00:54:08,700 goes, what you must know about crypto, we got pain, what you 992 00:54:08,700 --> 00:54:12,500 must know about Krypton. We gotta Chad Bitcoin, ER, and 993 00:54:12,500 --> 00:54:15,600 he whispers in his ear. Nothing. 994 00:54:16,900 --> 00:54:18,400 I love that one. All right. 995 00:54:18,400 --> 00:54:21,900 This next one is by memeing Bitcoin and this is what we tell 996 00:54:21,900 --> 00:54:24,400 you guys all the time. On the show, the world needs 997 00:54:24,400 --> 00:54:27,100 Bitcoin more than ever. And we have the world and it's 998 00:54:27,100 --> 00:54:31,300 missing one square and we got Satoshi Nakamoto giving all of 999 00:54:31,300 --> 00:54:34,400 himself to you. That's beautiful corners out 1000 00:54:34,400 --> 00:54:37,900 there and you gives you the missing piece, which is the 1001 00:54:37,900 --> 00:54:41,800 orange block of Bitcoin. It's a very poetic really like 1002 00:54:41,800 --> 00:54:44,500 this one anyway, this next one, it is. 1003 00:54:44,600 --> 00:54:47,600 Week of Thanksgiving. So I'm sure at least an 1004 00:54:47,600 --> 00:54:48,900 American. I'm sure you guys are going to 1005 00:54:48,908 --> 00:54:51,000 be hanging out with your families out there and you're 1006 00:54:51,000 --> 00:54:54,000 gonna have to go through this exact scenario. 1007 00:54:54,300 --> 00:54:58,600 And we gotta mean, by Maxi Club again, loved love the Artistic 1008 00:54:58,600 --> 00:55:00,600 Endeavors that you're going through Maxi club. 1009 00:55:00,600 --> 00:55:02,400 We really, really some of the best memes out there. 1010 00:55:02,400 --> 00:55:05,500 He goes, my family thinking. I'm going to live a normal life 1011 00:55:06,300 --> 00:55:09,200 and then me knowing about the upcoming economic collapse, just 1012 00:55:09,200 --> 00:55:11,600 hoping not to die in a guerrilla War. 1013 00:55:21,800 --> 00:55:23,800 This next one. This next one. 1014 00:55:23,800 --> 00:55:26,400 You might think this is a speculating, these might think 1015 00:55:26,400 --> 00:55:28,500 we're giving you guys the whole p.m. out there. 1016 00:55:29,000 --> 00:55:33,500 But you know, as a bit cleaner that has been through Cycles, we 1017 00:55:33,500 --> 00:55:35,500 know this is going to happen again. 1018 00:55:35,500 --> 00:55:38,900 And he goes this by Rigsby TC goes, the old corrupt 1019 00:55:38,900 --> 00:55:41,900 establishment and its few supporters, have no idea what 1020 00:55:41,900 --> 00:55:43,600 they're up. Against bitcoiners are about to 1021 00:55:43,600 --> 00:55:46,700 wipe them off the map. They have zero chance and it 1022 00:55:46,708 --> 00:55:50,500 goes a chart Bitcoin. Since 2011 number will go up and 1023 00:55:50,500 --> 00:55:53,900 it will continue to go up. Yes, we are in a bear Market. 1024 00:55:53,900 --> 00:55:56,000 Yes. It's getting you know it's 1025 00:55:56,000 --> 00:55:59,200 getting dark out there and more people are getting liquidated 1026 00:55:59,500 --> 00:56:02,800 but number will go up. Continue to stay humble provide 1027 00:56:02,800 --> 00:56:08,200 the value stack sets and everything will be okay as long 1028 00:56:08,200 --> 00:56:10,300 as your Bitcoin is in Cold Storage. 1029 00:56:10,500 --> 00:56:14,300 So shouts out to all you guys today. 1030 00:56:14,500 --> 00:56:17,000 Should I here? Let me play. 1031 00:56:17,300 --> 00:56:19,700 It's very, it's very fitting for these moments. 1032 00:56:19,700 --> 00:56:22,300 All right, this is going to be the meme score music today, 1033 00:56:26,000 --> 00:56:27,400 okay? What would you give? 1034 00:56:27,400 --> 00:56:31,300 Those means my meme review. Score is this pain? 1035 00:56:31,700 --> 00:56:35,500 And can you read that? It says kill your television. 1036 00:56:35,600 --> 00:56:38,500 Oh, very nice. Very nice Andres. 1037 00:56:38,500 --> 00:56:43,500 Would you give those memes? I give up an empty jar of hard 1038 00:56:43,500 --> 00:56:46,700 time. Jerky Hard Times jerky Hard 1039 00:56:46,700 --> 00:56:49,900 Times jerky guys. This is this is simply Bitcoin 1040 00:56:49,900 --> 00:56:54,200 live so put your score in the live chat and we will get to it. 1041 00:56:54,200 --> 00:56:55,700 We will read it live on the show. 1042 00:56:56,300 --> 00:56:57,900 Anyways, I just got this in the mail. 1043 00:56:58,100 --> 00:57:01,800 Shout out to bitcoin bag. It's the I don't know why it 1044 00:57:01,800 --> 00:57:05,100 took me so long to get this one, the censorship resistant issue. 1045 00:57:05,500 --> 00:57:07,800 That's that's what I would give those memes. 1046 00:57:08,500 --> 00:57:15,900 Anyways, Opti I mean, yeah, I guess I forgot to tell you guys 1047 00:57:15,900 --> 00:57:18,200 to put your meat review score, but you guys should already know 1048 00:57:18,200 --> 00:57:19,800 by now. I guess I got a guide, your 1049 00:57:19,800 --> 00:57:23,400 hands consistently but we got, we got to feel you got a few 1050 00:57:23,400 --> 00:57:25,700 memes, goes coming in. I Rave, elevator. 1051 00:57:25,700 --> 00:57:30,600 Rave elevator says, I give those memes 99 rolls of the dice to 1052 00:57:30,600 --> 00:57:33,800 generate a new seed, phrase roof that is very well-thought-out 1053 00:57:33,800 --> 00:57:38,200 score up, these neglected, bastardo Opti Junior Lagarde. 1054 00:57:41,900 --> 00:57:44,700 And awkward first Thanksgiving with my new dad off. 1055 00:57:44,700 --> 00:57:48,100 The, in my mom, Chrissy acting smug over the Bitcoin bear 1056 00:57:48,100 --> 00:57:53,000 Market. Oh man, mr. 1057 00:57:53,000 --> 00:57:54,700 Robot. Wait. 1058 00:57:55,800 --> 00:57:59,200 All right, those me miners heating the house while stacking 1059 00:57:59,200 --> 00:58:04,800 Freedom, Jato coin says, I give the memes for 540 days. 4 hours 1060 00:58:04,800 --> 00:58:07,900 and 20 minutes. The Bitcoin having estimate, 1061 00:58:08,300 --> 00:58:10,800 very good scores. Illogic I give him those memes. 1062 00:58:10,900 --> 00:58:15,200 Gorilla Warrior, very nice. Rope says rating, those memes my 1063 00:58:15,200 --> 00:58:17,900 way will school and showed you. So lunch burrito that's 1064 00:58:17,900 --> 00:58:22,500 misspelled, is it with h, huevos, labels, Bitcoin for 1065 00:58:22,500 --> 00:58:24,500 Canadians. I score those memes that huge 1066 00:58:24,500 --> 00:58:26,800 value. Justin Bieber, gained on his nft 1067 00:58:26,800 --> 00:58:30,900 collection slang John. I give those memes a stray 1068 00:58:30,900 --> 00:58:34,000 Stretch Armstrong next one by Pravana. 1069 00:58:34,000 --> 00:58:36,700 Fi give those means a cup of coffee from El Salvador paid in 1070 00:58:36,700 --> 00:58:40,500 SATs. Yes, BTC pins, those memes. 1071 00:58:40,500 --> 00:58:42,600 Get a A turkey. Pardon very nice. 1072 00:58:42,600 --> 00:58:46,100 Okay. And last at the buzzer I score a 1073 00:58:46,100 --> 00:58:50,800 full wrapped Bitcoin. That's a shit going Bob, you're 1074 00:58:50,800 --> 00:58:52,500 on the wrong show, my friend. All right. 1075 00:58:52,600 --> 00:58:54,700 I also want to give a shout-out to Simply Bitcoin said, g group, 1076 00:58:54,700 --> 00:58:56,300 that's where you can link us. Bitcoin beams to review. 1077 00:58:56,300 --> 00:58:57,900 It's a party. It's absolutely free. 1078 00:58:57,900 --> 00:59:02,800 You gotta go to www.ah.mil / the simply Bitcoin Channel. 1079 00:59:03,400 --> 00:59:05,600 Also check out Simply Bitcoin, unfiltered it's the written 1080 00:59:05,600 --> 00:59:08,100 version of this show. Shoutouts are awesome Riders, 1081 00:59:08,300 --> 00:59:11,700 Paul wine and kiss Ruston Zach You got to go to 1082 00:59:11,700 --> 00:59:15,000 www.simpleandsensational.com news. 1083 00:59:15,100 --> 00:59:19,400 It's dope AF. Anyways, Opti, let's get, we 1084 00:59:19,400 --> 00:59:22,400 have, I'm wondering, we have. Yes. 1085 00:59:22,400 --> 00:59:24,700 Okay, this is specifically for you guys. 1086 00:59:24,700 --> 00:59:27,400 We have a website by know. We have a, yeah, we have a 1087 00:59:27,408 --> 00:59:29,400 website by plate. No, it's a sickness. 1088 00:59:29,600 --> 00:59:33,800 I'm gonna do a software update. Bitcoin software release, 1089 00:59:34,100 --> 00:59:38,300 brought to you by Cipher safe, don't be that person that loses 1090 00:59:38,300 --> 00:59:40,800 their Bitcoin seed due to fire damage. 1091 00:59:40,900 --> 00:59:43,800 Image water damage dog. Attacks back up your 1092 00:59:43,800 --> 00:59:48,100 generational Bitcoin wealth on steel and there's no better 1093 00:59:48,100 --> 00:59:52,800 place to do it then the cipher grid by Cipher safe and now 1094 00:59:52,800 --> 00:59:56,300 check out their new Bitcoin art, the Bitcoin Rule books. 1095 00:59:56,400 --> 00:59:59,700 Triangle only on Cipher. Safe dot IO. 1096 01:00:00,200 --> 01:00:03,600 All right everybody. So after all the things that 1097 01:00:03,600 --> 01:00:07,500 have happened at this point, you should have absolutely no excuse 1098 01:00:07,500 --> 01:00:10,700 but to take self custody and I got something for you. 1099 01:00:10,900 --> 01:00:15,600 The sparrow wallet, 101 self custody your Bitcoin, beginners 1100 01:00:15,800 --> 01:00:18,800 guide and it walks through everything. 1101 01:00:18,800 --> 01:00:22,300 Here's the guide archived, we always put this down, the link 1102 01:00:22,300 --> 01:00:25,700 description guys, take self, custody of your Bitcoin, you 1103 01:00:25,700 --> 01:00:29,100 have absolutely no excuse this guy to do it and a good buddy of 1104 01:00:29,100 --> 01:00:31,100 mine. Beat si si sessions has some of 1105 01:00:31,100 --> 01:00:34,700 the dopest tutorials on how to take Bitcoin to self custody. 1106 01:00:34,700 --> 01:00:37,700 I know that mad Odell has as well guys. 1107 01:00:37,800 --> 01:00:40,400 Stop Outsourcing the responsibility of your will 1108 01:00:40,400 --> 01:00:42,900 take. Some personal responsibility and 1109 01:00:42,900 --> 01:00:46,800 take your energy, your time your power back into your own hands. 1110 01:00:46,800 --> 01:00:50,000 I also want to give a shout-out to our awesome clothing sponsor. 1111 01:00:50,300 --> 01:00:54,800 Opt he's wearing the non simply Bitcoin merch the decentralized 1112 01:00:54,800 --> 01:00:58,300 court, don't docks me like that I'm turbo this morning. 1113 01:00:58,300 --> 01:01:02,100 All right, simply Bitcoin, March baby, that just dropped, it's 1114 01:01:02,100 --> 01:01:05,100 limited edition. So when it runs out, it runs out 1115 01:01:05,100 --> 01:01:07,500 and you're not going to be able to get some check out the back. 1116 01:01:10,600 --> 01:01:13,400 It's got a giant tank but I thought this was a peaceful 1117 01:01:13,400 --> 01:01:16,400 Revolution but it looks. It looks dope. 1118 01:01:16,400 --> 01:01:19,000 AF. Anyways guys, thank you so much 1119 01:01:19,000 --> 01:01:21,200 for joining us on another episode of Simply Bitcoin. 1120 01:01:21,200 --> 01:01:23,800 I want to get I want to get I want to say hi to my guests. 1121 01:01:23,800 --> 01:01:25,600 Thank you for coming on today on the this. 1122 01:01:25,600 --> 01:01:28,600 Where can people find you Twitter? 1123 01:01:28,600 --> 01:01:30,400 I'm always on there at son of SATs. 1124 01:01:30,400 --> 01:01:32,100 There we go. It's right there. 1125 01:01:32,800 --> 01:01:35,000 Give me a follow and I'm always talking Bitcoin. 1126 01:01:35,700 --> 01:01:37,100 Yeah. Awesome man. 1127 01:01:37,100 --> 01:01:40,400 Thanks for joining us today. Guys, that was another episode 1128 01:01:40,400 --> 01:01:42,700 of Simply Bitcoin. If you enjoyed the show, I 1129 01:01:42,700 --> 01:01:45,100 really, really appreciate it. And it helps us a lot. 1130 01:01:45,100 --> 01:01:47,600 If you hit that like button and consider subscribing, if you 1131 01:01:47,600 --> 01:01:51,100 feel like we provided you value. And number one, thing you could 1132 01:01:51,100 --> 01:01:53,800 do to help this peaceful Revolution, get the orange 1133 01:01:53,800 --> 01:01:56,900 signal out. Just not only share this 1134 01:01:56,900 --> 01:02:00,100 content. Share all Bitcoin content keep 1135 01:02:00,100 --> 01:02:02,400 pushing this peaceful Revolution. 1136 01:02:02,400 --> 01:02:06,200 We must win over more hearts and Minds. 1137 01:02:06,400 --> 01:02:09,600 This will continue the party will continue to Till 2 p.m. 1138 01:02:09,600 --> 01:02:13,700 Eastern Standard Time, opt he's going to be houghtaling down 1139 01:02:13,700 --> 01:02:16,600 Hollow houghtaling down it slipped out. 1140 01:02:16,600 --> 01:02:20,800 Huddling down Twitter spaces with their friends over at Swan 1141 01:02:20,800 --> 01:02:23,100 Bitcoin best place to stack SATs and our buddy. 1142 01:02:23,300 --> 01:02:26,700 Jacob anyways, so that's where the party will continue. 1143 01:02:27,200 --> 01:02:31,900 We will see you guys tomorrow for another episode of Simply 1144 01:02:31,900 --> 01:02:42,600 Bitcoin. Fucking gun.