Welcome to another episode of Simply Bitcoin, where we cover
the Bitcoin, use the memes, that culture, everything in this
decentralized, peaceful Revolution, today, we have very
special guests for the legendary Kido.
Minor, how you doing, kiddo? Hey, what's up?
Happy to have you again. And, of course ask you what, to
how you doing, buddy? Parob?
People are definitely the bear Market, man, the bear Market
hurts everybody. Everyone's kind of in a, in a
bad mood but we'll get you through it because this is
simply Bitcoin by the way, Quito and ask you at toe, are the guys
behind the novel. And I know one of you guys
couple of you guys had some questions.
We'll get to them, but anyways Opti it's time for number time
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happening. So anyways, having having
everyone says a different anyways, I want to read a
comment by Pedro Santos. I'm going to direct it to the
novel guys says, where can I find a detailed explanation
about the noddle? I'm I'm really interested and
and I'm a recent starting, barely a year and my main goal
is to achieve complete independence with my Bitcoin.
Love your show. Thank you, Pedro for the
question and I saved it for the natto guys.
So I'll pass it on to Quito first.
If Pedro wants to find a detailed.
Agree, really? Good detailed explanation on the
not. Oh, where could he find it Kito?
I guess the best place to start is our website and all do.you
and and there is a link to the documentation website where
there is a growing FAQ on that. Also don't hesitate to come on
telegram, ask her some Twitter we are all the run the place
awesome. You heard it there Pedro and ask
you where to I know man I know you're feeling bad because of
the bear Market but it's that day.
Could you do a quick explanation of what the novel is?
So that Pedro feels a little happy.
Yeah, well, I think bear markets the best time to take your time
back to actually learn stuff. So, you know, I think I feeling
really, really good for petrol going forward.
Just take your time and learn everything right now.
But you know what a full note is really is your key to not
relying on third parties. And since we've launched not all
four years ago we've really helps our customers with their
privacy and You know, there's just the security of having to
rely on that. No one else really that in
yourself. It's best thing you can do for
us. We're a bit quieter.
Yeah, definitely run your own node because if not you're
trusting someone else. Anyways I got a video for us to
react today. It's by the legendary Hayek.
He is the Austrian economists. Let's check it out.
Let me remember to enable the sound.
There we go. Boom, by gg, gg, awesome.
Definitely want to check out. I think it's 21.
So anyone lessons. Awesome, awesome content.
Anyways this check it out. This is Hayek let's check out
what he has to say. No language money, the three
part of Dimes of spontaneously come institutions.
Now fortunately law and languages have been allowed to
develop many has originated in the original form but as soon as
it was there in its most primitive form just Frozen
compensated. Smoke develop in the film and
what we have had since in development where matters of
government inventions mostly on mostly abuses of money.
And I have come to the position of asking as monetary policy
ever done any good. I don't think it is.
I think it is done only harm. That's why I'm now pleading for
what I've called. D nationalization of money,
that's absolutely crazy. Looks like that video.
Was recorded, maybe in the 70s 80s or 90s.
But yeah, it's crazy. That he had the foresight to
understand that perhaps that was because of his understanding of
What the involvement of governments does to not only the
economy but money as well? Was that, is that your first
time seeing that video keto? And if so if not what are your
thoughts on it? Yeah, it'll be first time.
Yeah, dude was a Visionary and clearly money hasn't evolved has
devolved over time. Yeah, and a bit coin until the
coin bit coin fixes. This ask you where to same
question. I've seen another one, it's
probably the same interview where he kind of predicts where,
you know, we are today with like Bitcoin and stuff like that.
Just like when you were in this Auburn individual and they'd
talk about like you know, cryptographic coins or money
Etc. So first of all, I'm not
surprised. What was surprising for me?
Was that I discovered the Austrian school after
discovering Bitcoin, like a lot of us did and a lot of it
actually did. Covered.
Well, the other half, probably discovered the austrians first
and, you know, they go really well together.
It's really hand in hand. Like, I don't understand what I
mean. I do understand why it's not
taught in school because, you know, the school belongs to the
government's. But but really like, I wish I
have burned it before it just makes so much sense.
Yeah, I remember reading or not reading, Nico buys the books,
but he listens to the audio books.
Now you know. But I still say rig, Good Girl
Tech. What about you ask you at?
So are you know, I actually know how to read.
I can read. I like to read.
Well, I'm pretty sure that's racist.
Now, I'm just kidding. Or is it?
But ya know. Wow.
You actually read them with the bookmarks?
Well, first of all, I read them and then I actually helped
translate like Bitcoin books in French.
Oh okay. Yeah, sex my well, I'm Nadia
operation, I'm an audio listener, kito's and audio
listener. I'm pretty sure opt he's an
audio listener as well. Your reader I am a hard copy
Maxie. I need to read the book and then
I could listen to the audio and I retain the information better,
but I can't retain the information just from the audio.
Remember we have time to do that.
Guys, I just like, if I ever go on a walk or I go to the gym, I
just put the audio book on, you know, I feel like reading it is.
Like anyways, so before we go on to the news Opti, do you want to
chime in on that high? Video hopefully that music isn't
copyrighted. If I knew it had music, then I
wouldn't have played it and but anyway it sounds classical so we
might have a chance. Yeah, first off.
Yeah, I just wanted to say wow you know, Hayek is so good at
explaining things and under a minute, like the history of the
problems with money in one minute, it's just beautiful to
see. And then also, as just a point
that I just love how excited he gets when he talks about
economics, and he always comes at it from first principles,
think Being which is obviously what most bitcoiners at least
good bitcoiners advocate for. And I just want to also say, I
wish I was an Austrian Economist before I found Bitcoin but I
needed to find Bitcoin to even understand Austrian economics
and furthermore Bitcoin is the perfect money and it has
evolved. Finally guys you just we got to
make that point clear to some people and I would do there was
there was this comment yesterday on Twitter so some Like super
well-educated guy went to Cornell.
Whatever. He's like money has and always
will be, what was it? Opti was like, it always will
money. Always come from the government.
Yeah, it's like it's not money. If it doesn't come from.
The government has to come from the government's?
Like wow! Is that guy in for a rude
awakening. But anyways Opti is time for the
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Cloaks.com softly looks like we were right yesterday when we
said it was very strange that coinbase was going out and
defending one of their ex-employees that got caught
insider trading on yesterday on the episode that we had.
Stefan lovera, I said that they're doing that because the
implications right of coinbase. Actually, you know, selling
securities would be a big deal, right?
So this came out yesterday, I'm going to read you a little bit
at we covered it. Yes.
Or so I'm going to read the whole thing says earlier.
Today, following a doj investigation into two former
coinbase. Employees misuse of confidential
coinbase information related to listing decisions the SEC
separately filed. Securities fraud charges charges
against this individual. Related to this wrongdoing.
The crazy part is that this actually defends that and says
no that wasn't a security coinbase would never do that.
And it made sense and our call yesterday was absolutely spot on
because literally a couple hours after that episode with Stefan,
lovera this dropped and it dropped pretty late.
Last night, drop that 8:40 p.m. and the headline is a Bloomberg
article says coinbase faces SEC, Probe on crypto listings shares.
Humble, coinbase. Global Inc is facing a u.s.
probe into whether it improperly let American Trade digital
assets, that should have been registered as Securities
according to three people familiar with the matter the
company's share dropped as much as nine percent the SEC scrutiny
of coinbase has increased, since the platform expanded, the
number of tokens in, which it offers trading said, two of the
people who asked not to be named because the inquiry hasn't been
disclosed publicly the pro by the fcc's enforcement unit per
dates, the agency's investigation into alleged
Insider trading scheme that led the regulator last week to sue,
a former coinbase manager and two other people.
We are confident that our rigorous diligence process a
process that the SEC has already reviewed.
Keep Securities off the platform and this is part of what we read
to you guys yesterday, as the largest US trading platform
coinbase, let's Americans trade more than 150 shit coins.
If those products were deemed Securities, The Firm could need
to register as an exchange. In truth, the SCC.
And that's exactly why they went out yesterday and tried to
defend it that criminal, that was caught insider trading.
Anyways, tension tensions, bubbled up.
Further, July 21st when the SEC accused one of the company's
former employees of violating of its insider trading Rules by
leaking information to his brother.
A friend to buy tokens just before they were listed on the
platform. That is literally the definition
of insider trading. Anyways to decide if a digital
asset is a security that SEC applies a legal test.
Which comes from 1946 US, Supreme Court decision, under
that framework the agency, considers a token, generally to
be under SEC purview when it involves investors kicking and
money to fund a company. That's all with.
It's all with these shit coins do anyways, and it goes on to
talk about Gensler. That last part, right about, you
know, using those tokens to fund the company.
That's what xrp does. Xrp owns like the majority of
the supply. What do they do?
They sell some xrp toe? And every so often to fund the
operations, we know a theory. Mm does the same the Ethereal
Foundation literally dumps on retail at the top to what to
fund the etherium foundation, so that doesn't happen in Bitcoin.
What there is no Bitcoin Foundation that just dumps
Bitcoin to fund operations, what operations?
So it's a decentralized movement.
Yes, there is one GitHub, right? But that's more, so out of
convenience, more than anything. Anyways Quito, what are your
thoughts? What's going on here?
I know you're not alone. You're an old guy and that's
what you're passionate about. But Nico is going to force you
to talk about a shit coin casino today anyways.
What are your thoughts brother? It's fucking bones has and I
don't agree with you a. We buy more Bitcoin to have more
Bitcoin. Wait, wait, wait, what do you
mean? You don't agree with me in what
sense that you just say, like they are studying tokens to to
get more money? We are buying it's true.
It sure is totally different between bitcoiners and and even
all these and I'm pretty sure the Ethereal Foundation is
holding on to bitcoin as well. Anyways, I asked you where to I
know you're having a bad day bro.
But I think most of them are holding on to bed, quite like
Tazo says, like, you know, these things are notorious but know
it's When you see the article, you know, the language the
verbiage with the people look like they look like the old
Bankers that I used to work with and it has nothing to do with
what, you know, bitcoiners are trying to build for the future.
It's just like old world. Yeah, you know, that's not what
we signed up for, you know, we want to make a change because of
what these people do and what they've always been doing and
they're just like, you know, those big old Mega Oops, that
make a, mockery of the plebs. Yep, that's exactly it.
And it's like a continuation. That's what the shit coins are,
right? It's the worst part of the
Legacy systems, exactly. Because they don't have the, the
actual regulatory framework on paper, all these shit coin guys,
take advantage of it whether it's the icos or the Ponzi or
the defy that really isn't defy, it's a scam Opti.
I go ahead and I think they would get away with it because
Because unregulated until it isn't?
Yeah. Absolute of them do.
Most of them do I mean, but is that changing now with this
collapse or of three, arrows of Voyager of Celsius, you know?
Because we know that for example the Ico boom of 2017 after that
collapse ico's really didn't make a comeback.
It suits, don't go to jail. Wow, that's that's a very deep
statement. Obviously them wisdom.
Well, I know this is news but the fails and shit coin land are
happening so quickly. It's absolutely amazing.
They just keep piling up and piling up and we've been
covering coinbase, just the Reckoning of coinbase and those
fails just keep piling up. I just wouldn't want to hold any
of these shit coins on coinbase right now or the coin stock
itself because it's not looking that good for them and guys it
since I've been in Bitcoin and it's not that long since 2017.
We've known that cam base has been front-running and insider
trading on their platform. It's it's damn near obvious to
anyone that's watching and it's the dirty little secret.
That is everyone knowing it, so. Hey, man, I don't know this.
This isn't looking good for coinbase.
We shall see what actually happens.
You know, I have a big bag of popcorn ready sitting on the
side. So, yeah, it's definitely make
cited makes good content for us to cover anyway.
I know you guys aren't American but the implications of this
next piece of news are huge. This came out, it was like
yesterday or today. It's kind of a slap in the face,
but I'll point out why? I think it's still big, still
big deal. The virtual currency tax
Fairness Act, very that that name is hilarious as being
introduced today. By senator Pat true me and
Democratic senator Christian Cinema, so it is bipartisan.
That's a good sign to provide tax exemption.
Here's the slap in the face, hold on to your chair for
Bitcoin, transactions up to $50. Yeah, that's right.
I said that right or trays with a net gain of up to $50.
Well, digital currencies have the potential to become an
ordinary ordinary part of Americans everyday lives.
Our current tax code stands in the way and they got a fix for
it. They're going to exempt $50
Senator Toomey. Is it alone?
In his opinion as multiple? Multiple introductions of
legislation have been presented In an effort to ease tax
requirements for those looking to transact in or invest small
amounts of money into Bitcoin and other cryptocurrencies
currently, the IRS states that the sale or exchange of
convertible virtual currency or the use of convertible virtual
currency to pay for goods and services and a real world's
economy. Transaction has tax consequences
that may result in a tax liability there.
For any transaction involving. The exchange of Bitcoin is
considered a taxable event by the IRS regardless of how small
the transaction May. Be.
So I tweeted this a couple days ago before this came out, and if
this law gets past your senior citizen e-codes $50, the fuck
does it matter. It matters it opens Pandora's
Box for the government. I'll explain why.
And I tweeted this, not too long ago.
Why is the government forcing us to earn in a money that is
designed to lose value. So And this goes back to the
whole legal tender thing, you're forced to earn in a money.
That is literally designed to lose value over time, on which,
the government can print an unlimited amount of quality
quantity of but if we use the money that is deflationary by
Design and the purchasing power increases over time, we have to
pay taxes because of the design of that current is that word not
selling into trying to exchange things, it's not a piece of real
estate that goes up in value over time you're just buying
something that scares and you still have to pay taxes on that
and the reason that I believe it opened Pandora's Box because if
this passes the government is Going to have to answer a lot of
hard questions. Why are we learning in the
money? That's losing value.
What's going on there? Why do we have to pay for using
a money? That is deflationary in nature?
Why do we have to pay for that? Anyways, I'm going to ask this
question to ask. You went to first because he
said something very wise in the last segment.
This is Suits. Don't go to jail, ask you about
to what is going on here. Do You have faith and change at.
Do you believe that this will open Pandora's Box for the
government? What is going on?
I don't know about Pandora's box, but anytime you have a
government, you have to pay, no matter what and they'll always
find a way to make you pay. Even if it looks free you're
paying some how, you know, that's how they live.
That's how they make a living. They they they leech off of you.
Do you believe in the theory from the sovereign individual
basically saying Making the case that governments are now going
to have to provide value because of the power of the internet.
And of course Bitcoin. And it kind of creates this
judicial Arbitrage where people are going to get to pick and
choose what your sections they want to live in excetera, ETC.
I believe in it as far as it's probably one of the best times
in the past Century or so to actually make a push for it as
you know, free people who want to To you know, have Enterprises
and in be successful and and try to fix things that we think are
not work and to look elsewhere you know, Mobility helps a ton
now there will be opportunities, some plays will be made by
governments, corporations individuals you know maybe the
El Salvador thing is a sign that you know, some countries are
saying, you know what? Maybe there's a different way.
I don't have to align with the West, right?
I don't have to align with the I can play with both and have it
for adoption of doing things differently with Bitcoin, you
know. Hopefully there's something
then, you know, within a couple of generations.
I don't know how it turns out, you know, governments are still
a big beast. Yeah, I agree.
Governments are a big beast as long as they have the power of
the money printer, right? They you know, they could just
pay the people that they have to pay to enforce what they want to
force. Anyways, he do.
Are you excited for that 50 dollar, taxes that option?
Actually I am because we'll stop hearing American people saying,
is this a taxable event every day everyone to buy coffee in
Bitcoin. Oh man.
It's so that's definitely a net positive.
But I've seen the article mentioned that before they were
trying to put the limiter 250 and then in one year 50 will be
less than a coffee anyway. So, yeah, I know it's funny
because they're like, $200 and I was like, when they announced
that I was like, God damn. That was a slap.
It like no guys. We know it's a problem so we're
going to make it 50 like oh man. Oh man.
Anyways Opti are you excited? 50 Bill transaction?
It's I don't know. That's a good question.
I if I make like one thousand transactions for $50 each,
That's a good question. But you know, how they're going
to write the law, that that ain't going to have any
loopholes in there. There is one thing though, with
the states is The u.s. might still be the most
forward-thinking country when you consider Bitcoin.
So I wouldn't discount them and being smart and successful in
finding a way to incorporate Bitcoin in their way of life.
Yeah and I think you go ahead keto maybe it was something else
as well maybe the curls of recording.
Oldest flexible events for less than $50 is so high that they
just figured We'll stop doing it.
That's true. That that is, that is a good
point as well. But yeah, I'm bullish on certain
states in the US and that's the beauty of the u.s., right?
That there's at least competition between the states.
New York's going to have fun staying poor while they ban
Bitcoin. Mining for God, knows what and
Texas is like. All right guys, you could do
that and we'll just bring them over here.
So I am bullish on the states because of that.
Anyways, Opti you want to chime in?
Yeah, well I was going to first Echo.
What you guys said? What?
Isn't the app first equipment was like, 600 dollar transaction
won't be taxed and $250 an hour at $50 and it just seems to be
going lower and lower. And then furthermore, I saw Pat
Toomey is in there. And if I remember correctly, I'm
pretty sure he is an adamant tether truther.
So chefs out the to me and then, furthermore not only is he a
tether true sir, but he's incentivizing micro payments
guys. That's what he's doing.
Here. Because he wants you to spend
$50 in Bitcoin every single day or whatever he is, allowing it.
But yeah. It's to.
I'm just trolling him trolling, the all I got is a troll.
What's gonna end up happening though?
Is that like a lot of Bitcoin products?
It will be like, and four easy payments of 49 9 T9.
Like, that's probably what's gonna end up happening.
Anyways, guys, before we move on to the fail, heat up before we
started recording, According you told me that you guys are going
to start accepting credit card. Could you talk a little bit
about that? People were asking for it for
some time already and we decided to run a test to make it easy
for us. We are opening for countries now
which is the US Canada, Australia, and the UK.
Just because the taxes taxation rules are easy for us to manage
on the new store. We will open for the world.
The I currently it's USD only and for this for countries.
Awesome. So now he's almost all now.
So if you go to the store now try to hold the from these
countries, you will guess the country, it's a kingdom.
Anyways, you can order this right now with credit card and
those countries. Anyways Opti it's time for the
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visit Swan Bitcoin.com, oh guys, yes, that's what we're talking
about. Okay, so I saw these videos
yesterday and we are doing a continuation of what we talked
about yesterday, whether or not we are in a recession and what
is actually a recession. And then we got these videos, we
got two videos today that are just so beautiful coming out of
the white. House.
So let's start this first one. As you can see, Disclose TV as a
post right here. Biden says we're not going into
a recession, let's hear him squabble.
Mr. President we're getting GDP numbers on Thursday.
How worried should Americans be that we could be in a recession?
We're not coming into recession, my view and mr.
President, we're good. Yes.
Okay. Remember yesterday we also had
Janet Yellen telling us that we are not going into a recession.
Furthermore, they are not only telling us that we are going
into a recession or not going into recession, excuse me.
But they are redefining the terms of the reception why we're
not going into a recession, exactly why?
We're not going into a recession.
So let's hear what is going on here.
So again disclose to you Now, White House declined to Define
what a recession is again, let's hear them squabble and what is
exactly the White House's definition of a recession.
Again, we don't we don't do. I'm not going to Define it from
here. I'm just going to leave it to
the nber, as well as we have stated and how they Define
recension recession. I'm just saying that we're just
not going to Define it. We use the indicators that the
nber the national National Bureau of economic MC research
have to have used. We've mentioned that a few times
and what is exactly? Okay, guys, I think this fail is
pretty self-explanatory because the single definition of what a
recession is, is two back-to-back quarters in the -
guys, so they know what they're doing.
They're redefining the terms out there so that they can confuse
the masses because as you know, as a Bitcoin ER The house is not
fine. Financial system is on fire and
they are trying to put it out with whatever fire extinguisher
they can. And their main tool is PR hence
why we do this show every single day is because we got to combat
these narratives as Fudd and they're plain stupidity.
They think we are a lot dumber than they are.
They think we can't see these narratives and the narratives
that they're pushing but we got the receipts and we talk about
it every single day, rewind or go back to yesterday.
A show. And I did a whole 10 minutes of
this fail and why it is wrong, but today's a little quicker, we
have guests. So Nico.
What is your thoughts? I do have one more fail but I
thought this could be a little quick one self-explanatory.
Yeah, dude, I mean, first of all, Joe Biden, I think he has,
he has the virus. So I'm glad that he's doing well
because that would be even more of a disaster.
But so that's the first bit, second bit, Like, dude, it's the
1984. Right?
Where's peace? Redefined just because you to
redefine something. Does it mean does it mean you
change the truth about? It doesn't mean you change the
reality. Yeah.
I think they're just more concerned about the narrative
and and and you know and controlling it then they are
about the truth. But I would not discredit them
too much because that that type of PR is actually very effective
for most people. Most most people don't have the
time to verify. Most people don't know what a
recession was. I didn't know what the actual
definition of a recession was before I started doing simply
Bitcoin and then that kind of forced me to like learn all this
financial bullshit that I would have never have learned.
So yeah man, they're just covering their own asses.
It is an election year. The midterms are coming up
inflation. The you know the the the the
economy going down, recession, gas prices, they're extremely.
Damaging politically most people don't care about social issues.
They care about is how much money they have in their
pockets. So what they're doing is just
damage control but again, this isn't really apply to me because
apply to me because I've decided to opt out of political money
and store my wealth, my time, my energy and Bitcoin.
So yeah, I'm glad Joe Biden's. Okay, I guess that's, that's
what I got to say about that. Anyways, keto, what are your
thoughts? What did you say the National
Bureau of economic recession? Ian.
Opti, I believe. So I believe.
So I can replay it. Yeah, researchers action.
They got a Bureau for everything.
Don't they credentials are going to be green.
Apples, it going to be research. But yeah, well, I was trying to
make a joke. So yeah.
I mean, anyways. Ask you what to what do you
think? You know, they they, I mean, I
totally agree with you on, you know, just damage control and
their techniques being well-oiled in highly effective,
even though it's very disturbing for us to hear that kind of
stuff but it's, you know, refer to Specialists use jargon that
most people actually don't know. The exact definition of is is
just that the the main tool you get on TV every every single
day. But the real question is like
most Point the u.s. in other countries, like you see in
Europe here is at the end of the month, people can afford less
than they could a year ago. 10 years ago, 50 years ago at some
point people need to understand or ask themselves.
Why and that's because you know, the value of the money is going
down. Yeah, just get out of it.
Absolutely. And the one of my favorite
websites is priced in Bitcoin and it literally shows you how
life gets cheaper. If you're living on a Bitcoin
standard versus living on a Fiat standard and then that kind of
makes you optimistic about the future, right?
Because it's like, all of a sudden doors open, but you never
have before and I think a lot of people, you know, they blame the
economic system, they blame the government that at least in the
u.s. it's a two party system. So when the Democrats are in
power, the Republicans like it was the Democrats the entire
time. Yeah.
And fifty years later, nothing
has changed. Whether you have two, three,
Five parties, correct? So yeah and it's I think people
really underestimate how much fixing the money really would
fix the world. That's at least what we fight
for every day. Anyway so Opti, what's going on?
What's the next? Yes sir.
I got you okay. This one is a little more spicy
guys. This might be a little more of a
discussion than the previous one.
So I saw this yesterday, there's this tweet by this company s, t
FX. Bio says, first of any big
announcements. We are happy to do an ounce, we
raise two million dollars from a fantastic group of investors.
So it's not really about the platform but we will get into
it. So apparently St.
Fx's, invest in best trade ideas, earned fees for creating
single trade fund St. FX is a defy Marketplace for
turning trade ideas into investable Vault.
Okay, whatever? Anyways, the fail is this.
And I don't mean to pick on anyone.
This is more to make a point. So we got this, this comment
right here, simp, influencer X, and he goes, wasn't Brad.
Mills last seen banishing, people from the Bitcoin
Community for failing. His purity test money taught.
So he's right here. Brad Mills, has one of the seed
round investors? And then, of course, I'm a goo
is just starting all kinds of chaos on Twitter, he tags him.
And this is where the field goes and does.
This is where I think the Russian.
We will have lead so he goes I've never been secretive about
my strategy and Magoo goes, what strategy is that and he goes two
prong strategy, one investing in but never promoting.
Crypto companies should coin companies as a Bitcoin Maxi on
the cap, table to align them with Bitcoin layers and to
extracting value from the shit coin bubble, like Robin Hood,
and deploying it to bitcoin only companies.
And then we got this guy responding Hayes.
Fi the hypocrisy of Bitcoin Maxis.
I buy shit coins to make money to buy Bitcoin.
Then proceeds to criticize others that do the same.
All day long, Brad Mills responds with actually, I said
that I will take the proceeds and deploy to Hell.
Bitcoin Hayes response. I know what you said, and you
just repeated it again, you will dump on retail to buy /, build
for BTC. Look mate, I don't criticize the
practice, it's business, it's just hypocrisy to call out shit
Corners all day and be as shit Corner yourself and he Responds.
Again, you said again by BTC, I'm not buying BTC with any
proceeds. I'll be paying my taxes, then
using any profits to support Bitcoin development and people
building, Bitcoin Tech, it's not hypocritical at all.
I don't promote this stuff. I have an issue with promoting
it and then Hayes respond with. By the very fact.
Your name is it in this list, it might give this project a sense
of legitimacy that is a promotion in itself.
So you are, in fact, promoting it.
Even if you tell yourself, you aren't reality, doesn't Change.
According to the opinion, you have about what you are doing.
Also doesn't matter what you do with the money, the money you
will be using to support Bitcoin tag will be coming out mostly
from unaware retail, that will ape into this next cycle.
We know how this works and therefore, you are doing exactly
what you tell yourself to be against.
This is there for the exact definition of hypocrisy.
You can do all mental gymnastics, you want maybe to
feel better about yourself, whatever it is.
The reason some people do that because they can't accept the
reasons why they do certain actions.
It's just a form of escape and he responds, I think it's pretty
dumb. Did not take as much value from
crypto VC's in crypto, Traders and redistribute it to bitcoin.
I'm balancing the scales and Uncle Jim responds.
My scales are lopsided. Please help.
Okay guys well this comment reminded me of a tweet by my
buddy all ye Dieter Bob. And since he's gotten so many,
nuked accounts I couldn't find the actual tweet but it was
back. The idea of I will not be
trading shit coined or even putting liquidity into shit
coins because I am putting liquidity into scams and I'm
Wrecking retail on the back end. Now guys, we can discuss on all
you know the business aspects of this.
But is this a fail? Because personally I would
consider it a fail for someone to on the one hand, have a
purity test on being a Bitcoin Maxi, and on the other hand,
Providing liquidity for these scams and then of course, doing
the noble thing of taking that money to bitcoin development,
Nico. I see you shaking your head.
What are your thoughts? It's tough dude, because
sometimes you gotta raise money, you know?
But at the same time like for Brad I would definitely consider
that a fail because he definitely positions himself,
you know, as a Bitcoin purest. And dude, look, I'm a Tearing at
heart, you gotta do what you gotta do.
You know, we on this show we've never like, said, look, this is
what you got to do with your money.
We tell you why. Bitcoin is the only true
cryptocurrency, why? It's the only store of value.
We make a good argument as to why we believe that shit coins
are a scam, right? But I mean at the end of the day
it's your fucking choice to do what you want with your money.
I just, I think it's shitty taking advantage of shit coins
because at the end of the day, you are dumping on retail.
That's something that I chose not to do in my personal life.
I have invested in Bitcoin companies, only Bitcoin
companies, I think I wouldn't be able to do the show.
If I was investing in shit, coin companies, write it would be
kind of hypocritical of me so, but again, that's a personal
choice. That's, that's what I do.
Personally Opti, I know that you feel the same way, but again,
I'm also, you know, not heading a, you know, a
multimillion-dollar company. I know that some Very
predominant Bitcoin companies have taken money from people
that also fund shit coin projects and dude like I'm not
in their position. I could just answer for myself
personally. I don't do that.
I think it's unethical but I, you know, I'm not going to put
in any words into anybody's mouth.
That's how I feel about it. Anyways, Kito ask you what to
do? Yeah, I mean I think there is a
difference between taking money from people who finance, also
Chic, when companies and invest in yourself and she's going
companies and dumping that on the market and using that money
to fund between companies and yeah, I mean, I definitely for
him it so it's a fail and I said my personal limited to having
drinks, paid by sheet Corners authorities.
Hmm. Well, that Bitcoin is definitely
by, they don't buy drinks. They buy the bottles, man.
You have anybody the policies, the big quarters are like nah
man, I'm not gonna spend my that's when you know what money
is true. When Money Is It.
Anyways, Oscar wet to it. This is it.
This is a tough one man for Brad.
All know for Brad. It's not because for Brad,
that's a fail because he definitely markets himself as a
purist. But for that company, raising
money. As out of fail.
Ask what to do? No, I know.
I don't know that guy. So, you know, I can't comment on
him but like I somehow in the tweet that one of the guys
asking questions was saying, well okay, I respect a business
for what it is. Meaning, as long as you get
money, that's okay. But people forget about morals
all the time. Yeah.
It's like, is it right? Or is it wrong?
Is dumping on retail wrong. Well, then just don't do It you
know is investing in projects other than what we're interested
in fine. Malik.
Elia you know, that's not morally wrong.
You can invest in whatever you want.
We might disagree on it. That's fine.
It's just like pretending to to find Value where you don't
really find Value. You just think you're going to
make a quick Buck. It's just dirty, it's not
business, it's immoral, I agree. And that's yeah, no, I agree
with that 100% but Right with the part where I don't know, I'm
not in those shoes. What if you're in?
What if you're taking money from a, from a company that also
invests in shit? Going companies?
Is that a moral I don't think money itself has any morality,
you know it's like the dollar doesn't have a morality if not
man it's really bad and you could say the same of all other
currencies you know, it's like Like a, you know, the whole
debate like is that gun responsible for killing people?
The gun doesn't really kill unless someone shoots it, you
know? So I think money is neutral and
I think Bitcoin is neutral. So taking money, it's like what
type of relationship you want with people.
If you know, their scammers been, don't take the money if
you know, it's not the money, the problem, it's the way people
behave and your Willingness to accept things that you shouldn't
just because you might gain from it.
Yeah, absolutely. I know key.
Do you wanted to chime in on that?
What are your thoughts? Yeah, I mean it's also very hard
to find companies that only invest in different formats.
We our investor is one but for maybe like one or two other ones
and and all the others, have a piece on participation in some
sheet, Colonel talking project any and some people just accept
a 16-0 as an investor level. Yeah, but they're demons.
That's totally that. That's a whole other level of
that. That is literally accepting
Blood Money, a 16z knocked on the door.
Say hey, I got here like I know where that came from, you know?
So yeah, I think you're right. I think it's definitely a case
on case approach, but definitely as an individual and what we're
for on the show is about, you know, individual personal
responsibility. I definitely think it's able to
invest in a shit Coin Company. Or shit coins trying to grow
your Bitcoins that because at the end of the day, the loser in
that isn't as is someone on retail that doesn't know exactly
what they're buying or they think they're buying the
equivalent of Bitcoin because of the unit bias because of how
strong the unit biases. So yeah.
Anyways Opti. Is that it?
Yeah, that's it for today. Well yeah, yeah, that's it for
today. Alright, Opti it's time for the
daily meme review brought to you by Citadel 21st best Bitcoin
cultural Zine Savage. Pleb signal here, Bitcoin Comics
articles artwork, it's awesome. This is artwork for volume 10.
Is that work for volume 2 and this is artwork for volume 11,
volume to some will sold out because there's only 1000
physical copies made per volume that you're Prince of Sedona 21
today before they were now. Alright guys, I am here to do
the meme review, first off, we got our Boyardee Bitcoin, let me
see. How do we make this move?
It's a gift, but it's not working.
But anyways, Rd goes. We loving it.
And it's, this girl crying, and he goes shit corners.
Getting wrecked in the bear market and this is supposed to
be a gift. It's supposed to be him dancing
in the background and it goes Bitcoin toddler and and DCA.
And unfortunately, the gift didn't show up, Rd, good work,
good work. Next one from at best Bitcoin
meme, it's got the Star Trek format here and we go on the
top. And it's basically, a knockoff
of the Drake meme. And it goes saying Bitcoin waste
energy because you only look at the cost and then you point at
knowing Bitcoin, uses energy, because you look at the value,
it provides to the billions, around the world without a bank
account. Yes, exactly.
Exactly. And again, shout out to a rope
rope. You've been killing it, bro.
I see you. So, and of course, this is, this
is a meme that me and me and my boy, Nick Camp.
Mine are huge fans of Bitcoiners are built different so we got
the NPC's with the crying face and the happy mask over and it
goes shit Corners, bro. Luna 3.0 is will be lit.
And then this guy crying, I got liquid it again and then plebs
fight me. Bro.
Let's fucking go bitcoiners built different okay?
Next one since we had coinbase in the news, I thought this one
was going to be very fitting. Shout out this at WISE and he
goes at coinbase be like I don't know what a security is and at
this point I'm too afraid to ask.
Yes, yes, if you know this show you know the vibe I forget what
is this? Anyways, I'm blanking on what
the show name is. We're going to keep it moving.
Next one is by at my buddy at don't sell and he goes again
back to the meme, the buff Pepe template reasons to live.
Your Bitcoin friends with the smile and a twinkle in his eye.
Yes, this is the reasons to live and then and Hans, I had to put
this one in guys because if you've been around for a while,
if you are around in 2017, you saw people go from maximalist to
shit Corner really quick. And this is a throwback.
And when this came out guys, it was absolutely hilarious but now
You got an addition to the meme. So we got on Hans saying, his
star will continue to rise and we have the famous, Kevin fam,
doing kicks on the roof meme with Nick, Carter's face over
it. This is Nick Carter his star
will continue to rise, be scared.
That's the homie. It's ridiculous.
I know, I know there's no, there's no climax to it, guys.
It's just ridiculous. Anyways, anyways, good laugh.
Great memes. Guys, I am going to give it this
Kershaw switchblade that I found highly recommend this knife
guys. I don't know how much it costs
but I found it and it's a great utility knife.
Very, very good. Dude, first of all, why why the
F would you record yourself? Doing, they weren't even that
good of kicks, like the form wasn't that great?
Like if the form was great, okay, record yourself, put it on
YouTube, go for it. But it was it was average for
anyways his star will continue to rise.
I'm going to give it this journal entry in this suspicious
black Journal. and it says, Buy Bitcoin.
Yeah, that's what I could give those.
Did you scribble that before the show to get my, I totally
totally dead. And I have no shame.
Just like those kicks were average.
So was this score? And I don't care Kito, what
would you give those memes? I'm giving them my brand-new
flipper zero but they just received last week.
The very go hacking tool. Okay, flipper 0, it looks.
I feel like you, like, you like it a lot, don't you?
I do guitar. Ask you where to, what would you
give those memes price tag from a pair of pants that you thought
that is the best score of the meme review.
Anyways, guys, we want to know if you agree with the scores,
you disagree, let us know down in the comment section, right?
The memes. Make sure to join our awesome.
Group. It's a party in there, you could
link us the Bitcoin memes to review so we can review them on
the mean review. It's absolutely free literally
takes to Second. And of course, make sure to
subscribe to us alternative video platforms like Rumble.com
and a personal favorite Bitcoin tv.com.
Anyways, Opti it's time for know, there was an open know,
there's a website by please. Why don't you show everybody
website by plebe, brought to you by Cipher safe?
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little different angle here than usual because I got a plug Becca
right now on her Bitcoin, Twitter weekly gossip on
Twitter. So she's been killing these
covers, these meme troll covers, but she does have a website to
them and you could see her. She is still meaning of maiming
us to death, but we know what's going on.
It's yellows three rules to the bear, markets, tax, ATS, fight
and tweet about building. So go follow at BT weekly gossip
on Twitter and check out Becca's website.
Right? She needs to get an actual
website. So, Becca, I know you're
listening. I know you're watching this show
so when real domain, keep it up, Becca.
Hold on, hold on. I got it.
I got it for you, Becca. Anyways, guys, make sure you
check us out on anchor, Spotify and Felton for the value for
Value content because we are everywhere.
Support the show in audio form back to you Niko.
Awesome. Thanks.
T, Optimus a second best. There is no second best,
exactly. Anyways, guys, make sure to
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