1 00:00:13,070 --> 00:00:15,710 It's all going to zero against Bitcoin. 2 00:00:16,710 --> 00:00:26,470 It's going up for everyone. You're against Bitcoin. 3 00:00:26,590 --> 00:00:31,350 You're against freedom. Good morning everybody. 4 00:00:31,350 --> 00:00:33,590 We are back. What a weekend. 5 00:00:33,990 --> 00:00:35,990 We were in Austin all weekend but anyways. 6 00:00:35,990 --> 00:00:40,710 Anyways, crazy stuff happening. BlackRock increases their 7 00:00:40,710 --> 00:00:43,030 Bitcoin exposure, but not in the way that everyone thought. 8 00:00:43,030 --> 00:00:47,150 There was some speculation on the timeline on BlackRock 9 00:00:47,150 --> 00:00:51,150 stacking, but they are getting exposure in every way possible. 10 00:00:51,390 --> 00:00:55,630 Recent news shows that they've been buying a bunch of public 11 00:00:55,790 --> 00:00:58,870 mining company stocks. So we're going to get into all 12 00:00:58,870 --> 00:01:01,230 that news. And then of course we just came 13 00:01:01,230 --> 00:01:03,590 back from Austin. We were in bit box Boom. 14 00:01:03,750 --> 00:01:07,330 So awesome to see all you guys in the flesh hang out with 15 00:01:07,330 --> 00:01:10,090 Bitcoin family members as I like to call them friends, 16 00:01:10,090 --> 00:01:12,090 acquaintances, new faces, old faces. 17 00:01:12,250 --> 00:01:15,650 It was a great weekend and we streamed the whole thing live on 18 00:01:15,650 --> 00:01:18,170 YouTube. I think it's on the Swan and the 19 00:01:18,170 --> 00:01:20,730 Gary's Bit Block Boom channel. So if you want to catch all 20 00:01:20,730 --> 00:01:24,410 that, we got it all recorded for you on the YouTube verse. 21 00:01:24,410 --> 00:01:27,490 But the reason I bring that up, not only because we had a great 22 00:01:27,490 --> 00:01:30,490 time, but there was another conference that happened over 23 00:01:30,490 --> 00:01:33,090 the weekend. It wasn't by Bitcoiners though, 24 00:01:33,330 --> 00:01:36,370 it was by your favorite central bankers out there in Jackson 25 00:01:36,370 --> 00:01:38,850 Hole, Wyoming. So I'm gonna kind of contrast 26 00:01:38,850 --> 00:01:41,490 the two. We have the Bitcoin Bit Block 27 00:01:41,490 --> 00:01:44,650 Boom conference in Austin and then we have the central bankers 28 00:01:44,650 --> 00:01:46,570 meeting in Jackson Hole, Wyoming. 29 00:01:46,570 --> 00:01:49,770 So I don't know, I thought it was very fitting that the two 30 00:01:49,770 --> 00:01:52,930 happen on the same weekend and we'll see the difference between 31 00:01:53,650 --> 00:01:57,650 Fiat monetary policy handlers and the bitcoiners and the 32 00:01:57,690 --> 00:01:59,730 energy coming out of there. You just love to see the 33 00:01:59,730 --> 00:02:01,730 contrast. And of course guys also, as you 34 00:02:01,730 --> 00:02:03,530 can tell, I'm hosting the show today. 35 00:02:03,690 --> 00:02:06,770 I will actually be hosting the show till probably Wednesday. 36 00:02:07,090 --> 00:02:09,690 Nico has some family stuff that he has to take care of. 37 00:02:09,690 --> 00:02:12,050 So send some thoughts and prayers over to Nico. 38 00:02:12,050 --> 00:02:14,570 He will be back in a couple of days. 39 00:02:14,730 --> 00:02:16,610 But you guys know the show don't stop. 40 00:02:16,770 --> 00:02:20,250 This is why we've been doing our best to make sure that I handle 41 00:02:20,250 --> 00:02:23,010 the show, that we're training our boys, Dell and Ruston on the 42 00:02:23,010 --> 00:02:25,730 show and we even have some people coming off on the bench. 43 00:02:25,730 --> 00:02:29,130 So shouts out to our boy Mike Hobart Because we are making 44 00:02:29,130 --> 00:02:31,090 sure that the show don't stop for you guys. 45 00:02:31,090 --> 00:02:33,290 We will continue to give you guys the signal. 46 00:02:33,290 --> 00:02:35,250 As you guys know, this is simply Bitcoin. 47 00:02:35,250 --> 00:02:37,410 We all are your number one source for the peaceful Bitcoin 48 00:02:37,410 --> 00:02:39,130 revolution. We cover breaking news, culture 49 00:02:39,130 --> 00:02:41,970 and memetic warfare. And we bring on bitcoins from 50 00:02:41,970 --> 00:02:44,570 all around the world, from the biggest names to the everyday 51 00:02:44,570 --> 00:02:46,810 Bitcoin. We got them all and we will be 52 00:02:46,810 --> 00:02:50,570 your guide through the separation of money and state. 53 00:02:50,970 --> 00:02:52,330 But of course, guys, I'm not alone. 54 00:02:52,780 --> 00:02:54,940 I'm here with my cohost, Dale. Dale, how you doing this 55 00:02:54,940 --> 00:02:57,740 morning, brother? I'm good, but I gotta gotta do a 56 00:02:57,740 --> 00:03:01,500 quick correction to what you said about that other symposium, 57 00:03:01,500 --> 00:03:03,340 the the meeting over in Jackson Hole. 58 00:03:03,340 --> 00:03:06,100 You said it wasn't put on by bitcoiners. 59 00:03:06,660 --> 00:03:10,260 I'll change that to it wasn't put on by bitcoiners yet. 60 00:03:11,140 --> 00:03:13,660 Yet they will be. Just do it. 61 00:03:13,660 --> 00:03:16,010 Just wait. Given enough time, everybody's 62 00:03:16,010 --> 00:03:19,130 going to come around and see the the bright orange light of 63 00:03:19,130 --> 00:03:20,890 Bitcoin. It's unavoidable. 64 00:03:21,450 --> 00:03:22,810 Let's go. All right, guys. 65 00:03:22,810 --> 00:03:25,090 Well, let's get into the show. We got a lot to cover today. 66 00:03:27,050 --> 00:03:30,770 The Bitcoin numbers. Is your Bitcoin and cold storage 67 00:03:30,770 --> 00:03:33,770 really secure? Is your seed phrase really 68 00:03:33,770 --> 00:03:35,330 secure? Stamp seeds? 69 00:03:35,330 --> 00:03:38,050 Do it yourself. Kit has everything you need to 70 00:03:38,050 --> 00:03:42,410 hammer your seed words into commercial grade titanium plates 71 00:03:42,610 --> 00:03:44,610 instead of just writing them on paper. 72 00:03:44,890 --> 00:03:48,130 Don't store your generational wealth on paper. 73 00:03:48,530 --> 00:03:51,050 Papers prone to water damage. Fire damage. 74 00:03:51,250 --> 00:03:53,450 You want to put your generational wealth on one of 75 00:03:53,450 --> 00:03:56,570 the strongest metals on planet earth, Titanium. 76 00:03:56,570 --> 00:03:59,730 Your words are actually stamped into this metal plate with this 77 00:03:59,730 --> 00:04:03,170 hammer and these letter stamps. And once your words are in, they 78 00:04:03,170 --> 00:04:06,090 aren't going anywhere. No risk of the plate breaking 79 00:04:06,090 --> 00:04:08,490 apart and pieces falling everywhere. 80 00:04:08,690 --> 00:04:11,930 Titanium stamp seeds will survive nearly triple the heat 81 00:04:11,930 --> 00:04:14,410 produced by a house fire. They're also crush proof, 82 00:04:14,410 --> 00:04:17,089 waterproof, non corrosive, and time proof. 83 00:04:17,130 --> 00:04:19,769 All things that paper is. Not allowing you to huddle your 84 00:04:19,769 --> 00:04:22,810 Bitcoin with Peace of Mind for the long haul. 85 00:04:22,890 --> 00:04:28,130 Stamp your seed on stamps. All right guys, as you know, hit 86 00:04:28,130 --> 00:04:31,290 the QR code in the bottom and get yourself a seed freight 87 00:04:31,290 --> 00:04:34,130 storage kit. Do not leave your Bitcoin seeds 88 00:04:34,130 --> 00:04:36,530 phrase on paper in your sock drawer. 89 00:04:36,530 --> 00:04:38,730 Anyways, let's get into some of the numbers here. 90 00:04:38,730 --> 00:04:43,410 Of course, we're over here on Clark Moody's dashboard and our 91 00:04:43,410 --> 00:04:44,570 favorite number, the block height. 92 00:04:44,570 --> 00:04:46,930 It keeps going up guys. It's almost like Bitcoin works. 93 00:04:46,930 --> 00:04:52,810 It is at 805,182 for the new all time high of block height. 94 00:04:52,810 --> 00:04:55,570 The current Bitcoin price is $26,120.00. 95 00:04:55,570 --> 00:04:58,810 Guys, we're still in the 26 K range, which means you have an 96 00:04:58,810 --> 00:05:03,370 opportunity to stack more sets than we did what 2 weeks ago. 97 00:05:03,570 --> 00:05:06,890 Which means the Moscow time AKA the sats per dollar, AKA how 98 00:05:06,890 --> 00:05:10,970 much your Fiat dollars worth is currently at 3826. 99 00:05:11,130 --> 00:05:13,370 And I did drop a poll in the chat guys, are we going to see 100 00:05:13,370 --> 00:05:15,010 4K sats? I don't know. 101 00:05:15,010 --> 00:05:17,290 Let's see what you guys think. Let's speculate a little bit in 102 00:05:17,290 --> 00:05:19,770 the chat for you guys. Get you involved. 103 00:05:19,770 --> 00:05:25,210 Anyways, the total percentage of Bitcoin issued is at 92.71%. 104 00:05:25,490 --> 00:05:30,210 The current market cap in Fiat dollar terms is $508.8 billion. 105 00:05:30,450 --> 00:05:34,590 Bitcoin isn't even at a trillion dollar marking cap yet, we're 106 00:05:34,590 --> 00:05:37,630 half a trillion anyways. The realized monetary inflation 107 00:05:37,790 --> 00:05:40,510 taking Fiat currencies to schools at 1.75%. 108 00:05:40,630 --> 00:05:43,470 And someone asked me on telegram what what does this number mean? 109 00:05:44,190 --> 00:05:48,390 It means like even though Bitcoin is hard cap there is a 110 00:05:48,390 --> 00:05:51,630 realized monetary inflation until 2140 until the last 111 00:05:51,630 --> 00:05:55,630 Bitcoin gets released and that is going to get halved and cut 112 00:05:55,870 --> 00:06:00,550 in half in April. And actually Dell maybe can we 113 00:06:00,550 --> 00:06:03,590 can we talk about your your dad the little story you just told 114 00:06:03,590 --> 00:06:07,350 us in regards to the having and and this number the monetary or 115 00:06:07,350 --> 00:06:09,670 realize monetary inflation. I I think this might be an 116 00:06:09,670 --> 00:06:11,630 interesting little story, but TLD Army. 117 00:06:11,630 --> 00:06:13,670 I know how you like to talk, so TLDRS. 118 00:06:14,750 --> 00:06:19,670 The long and short of it is, if you keep on talking to people 119 00:06:19,670 --> 00:06:22,350 and you keep on blasting them every time you get on the phone 120 00:06:22,350 --> 00:06:25,270 with them about Bitcoin, then sooner or later. 121 00:06:25,710 --> 00:06:27,750 No either I guess. I guess there's you, you run the 122 00:06:27,750 --> 00:06:31,310 risk of them telling you to never speak again, but sometimes 123 00:06:31,310 --> 00:06:33,910 they might start to see some some of the things they might go 124 00:06:33,910 --> 00:06:35,750 wait a second. So if the having means that 125 00:06:35,750 --> 00:06:38,390 there's less bit going to be found and there's only ever 126 00:06:38,390 --> 00:06:43,630 going to be X amount 21 million and more people want it as time 127 00:06:43,630 --> 00:06:46,030 goes on, that means that the price goes up, right? 128 00:06:46,470 --> 00:06:49,510 And I'm like, like Lobby said that was the TLDR of my my 129 00:06:49,590 --> 00:06:52,790 conversation, my my dad. And I said that's exactly what 130 00:06:52,790 --> 00:06:55,270 it means. There's only so much it's gonna 131 00:06:55,270 --> 00:06:58,550 get more and more scarce and the price can only go one way. 132 00:06:58,550 --> 00:07:02,750 So yeah, they're waking up. They're be, they're noticing, 133 00:07:02,830 --> 00:07:06,070 people are noticing. OK, last couple numbers we have, 134 00:07:06,070 --> 00:07:10,390 the Bitcoin versus gold market cap is only currently 3.96% of 135 00:07:10,390 --> 00:07:12,950 the gold market cap. If you remember, gold is I 136 00:07:12,950 --> 00:07:18,140 believe around $10 trillion Bitcoin still less than half a a 137 00:07:18,140 --> 00:07:19,500 little more than half a trillion. 138 00:07:19,740 --> 00:07:24,420 Anyways, the total lightning capacity is 4746.94 BTC. 139 00:07:24,620 --> 00:07:29,900 The hash rate the last 90 days is 377.4 exit hashes and the 140 00:07:29,900 --> 00:07:33,620 pending fees is currently 3.11 BTC. 141 00:07:33,820 --> 00:07:39,980 OK guys, as I was telling you guys this weekend, we had a 142 00:07:39,980 --> 00:07:44,580 contrast between two different conferences. 143 00:07:45,000 --> 00:07:49,160 We had Bitlock boom in Austin, the Bitcoin Maxi conference. 144 00:07:49,160 --> 00:07:51,960 Well, all your favorite bitcoiners were and we were live 145 00:07:51,960 --> 00:07:54,160 streaming from the floor. We were holding down the media 146 00:07:54,160 --> 00:07:59,960 desk and we had the central bankers meeting in Jackson Hole, 147 00:08:00,040 --> 00:08:04,400 Wyoming. And I just I the the irony isn't 148 00:08:04,400 --> 00:08:07,640 lost on me that they happened on the same weekend but you can 149 00:08:07,640 --> 00:08:12,830 tell that there is complete difference in ideologies and and 150 00:08:12,830 --> 00:08:15,150 the feeling coming out of these conferences. 151 00:08:15,430 --> 00:08:18,150 And first and foremost I'm pretty sure we played this video 152 00:08:18,150 --> 00:08:20,390 for you guys over the weekend on the streams. 153 00:08:20,710 --> 00:08:24,830 But I want to play it again because you can just see not 154 00:08:24,830 --> 00:08:28,630 only the hubris of Christine Lagarde but notice the body 155 00:08:28,630 --> 00:08:30,790 language I've heard. Does she really believe what 156 00:08:30,790 --> 00:08:33,750 she's saying or is she just saying this stuff just to say it 157 00:08:33,750 --> 00:08:37,070 to play the confidence game. And I also got a story or a 158 00:08:37,070 --> 00:08:40,909 newsletter article, sorry, coming out a couple days later 159 00:08:41,070 --> 00:08:43,110 about what was said at the conference. 160 00:08:43,110 --> 00:08:46,590 And again, we are contrasting this to Bitcoins monetary policy 161 00:08:46,590 --> 00:08:47,830 because that's what it's all about. 162 00:08:47,830 --> 00:08:50,350 And remember what Dell's dad just said? 163 00:08:50,990 --> 00:08:53,190 People are starting to wake up, people are starting to notice, 164 00:08:53,190 --> 00:08:56,110 and they're starting to understand, wow, maybe I want to 165 00:08:56,110 --> 00:08:58,510 get some Bitcoin, just in case. Just catches on. 166 00:08:58,510 --> 00:09:00,710 Anyways, we have a tweet here by Christine Lagarde and she goes, 167 00:09:00,950 --> 00:09:03,870 hello from the Jackson Hole Economic Policy Symposium. 168 00:09:04,070 --> 00:09:06,630 I'm looking forward to sharing my thoughts and exchanging views 169 00:09:06,630 --> 00:09:09,350 with central bankers from around the globe on the very relevant 170 00:09:09,350 --> 00:09:12,830 theme of structural shifts in the global economy. 171 00:09:13,070 --> 00:09:15,550 Thanks for hosting the event, Kansas City Fed. 172 00:09:15,790 --> 00:09:17,750 All right, let's just get into this little video. 173 00:09:17,870 --> 00:09:20,470 Notice her body language? And what is she even saying here 174 00:09:20,710 --> 00:09:21,950 anyway? Wait, let's get into this. 175 00:09:22,030 --> 00:09:25,990 Go to all of you and I would like to share this magnificent 176 00:09:25,990 --> 00:09:29,430 panorama that is behind me. It is the setting of the Jackson 177 00:09:29,430 --> 00:09:32,310 Hole conference that takes place every year. 178 00:09:32,910 --> 00:09:36,510 It is a little bit like the Centra of the West, except it's 179 00:09:36,510 --> 00:09:40,710 been around for longer. Many central bank governors, 180 00:09:40,910 --> 00:09:44,270 many academics, many experts in monetary policy and on the 181 00:09:44,270 --> 00:09:48,030 economy in general will be gathering for two days and we 182 00:09:48,030 --> 00:09:52,020 will talk about the current situation, the major shifts that 183 00:09:52,020 --> 00:09:56,140 we are seeing, the major breaks and how we can best response 184 00:09:56,500 --> 00:09:59,580 with good policies that will actually help bring inflation 185 00:09:59,580 --> 00:10:01,540 back to 2%. This is the goal. 186 00:10:01,540 --> 00:10:03,780 This is the mission. We're not done yet. 187 00:10:04,020 --> 00:10:08,540 We are working hard, but we also have to compare notes and share 188 00:10:08,540 --> 00:10:12,220 our views with others so that we can have really the highest 189 00:10:12,260 --> 00:10:15,780 level of confidence that we have taken everything into account. 190 00:10:16,260 --> 00:10:19,300 But this is a very inspiring place to do it. 191 00:10:21,360 --> 00:10:25,520 Interesting and K first and foremost of course they are 192 00:10:25,520 --> 00:10:30,160 still struggling to maintain 2% inflation rate as we like to 193 00:10:30,160 --> 00:10:33,520 call it. You know, the, the publicly 194 00:10:33,520 --> 00:10:37,240 acceptable amount of purchasing power they can steal from you 195 00:10:37,240 --> 00:10:40,360 every year is 2% and they're struggling to get back down as 196 00:10:40,360 --> 00:10:43,480 we've been covering for a long time on the show, The inflation 197 00:10:43,480 --> 00:10:47,820 rate, the official inflation rate, CPI is nowhere near 2%. 198 00:10:47,820 --> 00:10:50,580 It almost got as high as 10%. I think they're somewhere 199 00:10:50,580 --> 00:10:54,500 roughly around 3% right now and they are still working on 200 00:10:54,500 --> 00:10:57,700 getting that lower. But anyways, let's talk about 201 00:10:57,700 --> 00:11:01,220 what they actually talked about or as Christine Lagarde was 202 00:11:01,220 --> 00:11:05,020 saying, you know, share our notes in Jackson Hole, Wyoming. 203 00:11:05,580 --> 00:11:11,610 You know, it might sound very, very, very simple, very 204 00:11:11,610 --> 00:11:12,850 innocently. We're just going to share our 205 00:11:12,850 --> 00:11:15,010 notes so that we know what's going on in the world. 206 00:11:15,010 --> 00:11:18,090 So we're all on the same page. Some might say they're 207 00:11:18,090 --> 00:11:21,290 conspiring, but hey, let's not go down that path, OK? 208 00:11:21,290 --> 00:11:24,050 We're over here on Bloomberg and we have an article here and it 209 00:11:24,050 --> 00:11:27,490 goes at Jackson Hole post inflation challenges vex central 210 00:11:27,490 --> 00:11:30,170 bankers. And the subtitle is Policymakers 211 00:11:30,170 --> 00:11:33,850 Pledge to Keep Rates high until inflation is Tame. 212 00:11:34,050 --> 00:11:36,970 As you can tell, the theme is inflation is not tamed. 213 00:11:37,350 --> 00:11:40,110 Anyways, let's get into this article and I will jump back and 214 00:11:40,110 --> 00:11:42,190 forth on a few different articles from Bloomberg. 215 00:11:42,430 --> 00:11:46,870 And then of course I am going to angle this in regards to Bitcoin 216 00:11:47,230 --> 00:11:50,230 and bit block boom that we just all were hanging out with over 217 00:11:50,230 --> 00:11:52,630 the weekend in Austin. So the world's top central 218 00:11:52,630 --> 00:11:55,150 bankers stressed the need to keep interest rates high until 219 00:11:55,150 --> 00:11:58,070 inflation is contained and wrestled with deeper economic 220 00:11:58,070 --> 00:11:59,870 shifts that will make their job harder. 221 00:12:00,110 --> 00:12:02,350 At an annual Federal Reserve gathering in Jackson Hole, 222 00:12:02,350 --> 00:12:05,110 Wyoming, keynote speeches from Fed Chair Jerome Powell and 223 00:12:05,110 --> 00:12:08,550 European Central Bank President Christine Lagarde on Friday laid 224 00:12:08,550 --> 00:12:11,150 out the challenges each is facing and deciding if they 225 00:12:11,150 --> 00:12:14,470 should extend historic strings of rate increases that began 226 00:12:14,470 --> 00:12:16,910 last year. At the same time, they offered 227 00:12:16,910 --> 00:12:20,870 investors few clues as to whether they would in fact do so 228 00:12:20,870 --> 00:12:22,910 in the coming months. And there's a link here, and I 229 00:12:22,910 --> 00:12:26,310 want to jump on to this other link real quick, because of 230 00:12:26,310 --> 00:12:29,710 course, as big corners, we know what our monetary policy is. 231 00:12:29,710 --> 00:12:33,890 And yet, people are still out here, waiting for the people in 232 00:12:33,890 --> 00:12:36,530 suits to tell them what is happening with their money 233 00:12:36,650 --> 00:12:37,770 anyways. What are these clues that 234 00:12:37,770 --> 00:12:39,930 they're talking about? So Powell has bond traders right 235 00:12:39,930 --> 00:12:42,050 where he wants them, full of doubt. 236 00:12:42,290 --> 00:12:44,090 Interesting. Interesting. 237 00:12:44,090 --> 00:12:47,970 As we know, monetary policy, at least in the field world, is a 238 00:12:47,970 --> 00:12:49,930 game of trust, a game of confidence. 239 00:12:50,490 --> 00:12:52,850 And as you can tell, the Federal Reserve and the central bankers 240 00:12:52,850 --> 00:12:55,570 around the world are playing with that confidence. 241 00:12:55,570 --> 00:12:57,890 They want you full of doubt. So you don't know which way 242 00:12:57,890 --> 00:12:59,130 they're going to go. Are they going to pivot? 243 00:12:59,370 --> 00:13:01,330 Are they, you know, they're going to lower rates? 244 00:13:01,330 --> 00:13:03,530 Are they going to raise rates? Well, who knows? 245 00:13:03,530 --> 00:13:05,330 And that's exactly where they want you to be. 246 00:13:05,490 --> 00:13:08,850 So Fed chair says in speech that officials ready to hike again, 247 00:13:09,010 --> 00:13:12,010 it's about waiting for September and jobs data. 248 00:13:12,010 --> 00:13:14,730 So we're about to get into September and there's some dates 249 00:13:14,730 --> 00:13:19,640 coming up that obviously all the Bitcoin macro guys are going to 250 00:13:19,640 --> 00:13:22,200 be following. And I'm sure we will follow and 251 00:13:22,200 --> 00:13:24,840 we will give you guys the notes, give you guys the data, see 252 00:13:24,840 --> 00:13:27,040 what's going on in the Fiat world because that's what we're 253 00:13:27,040 --> 00:13:30,440 here to do, is to combat the corporate gas. 254 00:13:30,440 --> 00:13:33,040 Anyways, Jay Powell had bond market exactly where he wants 255 00:13:33,040 --> 00:13:36,240 it, lacking conviction as to the Federal Reserve next debt next 256 00:13:36,240 --> 00:13:38,750 steps. It's a scenario scenario evident 257 00:13:38,750 --> 00:13:41,790 in part through split futures positioning that gives the Fed 258 00:13:41,790 --> 00:13:44,430 chair and his colleagues leeway to quickly adjust policy in the 259 00:13:44,430 --> 00:13:47,670 coming months as economic data unfolds, without having to fret 260 00:13:47,670 --> 00:13:50,390 about potentially roiling the world's biggest fixed income 261 00:13:50,390 --> 00:13:52,470 market. Powell said in a Friday's speech 262 00:13:52,470 --> 00:13:55,390 in Wyoming that the central bank is ready to tighten again if 263 00:13:55,390 --> 00:13:58,070 needed to tainflation. And for investors, it means that 264 00:13:58,070 --> 00:14:01,430 reports like the monthly jobs data out next week will be 265 00:14:01,430 --> 00:14:02,910 crucial. And then it will be tough to 266 00:14:02,910 --> 00:14:05,510 crown a winner in the battle between the bond bulls and bears 267 00:14:05,510 --> 00:14:08,510 anytime soon, even even with Treasuries poised for four 268 00:14:08,510 --> 00:14:11,550 straight months of losses. So again, they don't even know 269 00:14:11,550 --> 00:14:12,990 what they're doing with their monetary policy. 270 00:14:12,990 --> 00:14:14,550 And this is a feature, not a bug. 271 00:14:14,790 --> 00:14:16,830 This is how they want it to be anyways. 272 00:14:16,830 --> 00:14:19,950 Again, moving back to this first article, a key theme emerging 273 00:14:19,950 --> 00:14:22,430 from the formal conference proceedings and conversations on 274 00:14:22,430 --> 00:14:25,910 the sidelines was difficulties adapting the forces outside the 275 00:14:25,910 --> 00:14:29,150 control of monetary authorities. The attendees discussed topics 276 00:14:29,150 --> 00:14:31,870 including productivity and innovation, bond market 277 00:14:31,870 --> 00:14:35,790 structure, global supply chains, and rising public debt levels. 278 00:14:35,790 --> 00:14:38,830 the Fed and ECB are engaged in similar debates over whether to 279 00:14:38,830 --> 00:14:42,190 raise borrowing costs at policy meetings next month, even as the 280 00:14:42,190 --> 00:14:44,470 US economy as surprised with this resilience. 281 00:14:44,470 --> 00:14:48,510 While Europe seems to be headed for a downturn, lingering 282 00:14:48,510 --> 00:14:51,750 inflation in both jurisdictions and uncertainty over how quickly 283 00:14:51,750 --> 00:14:54,110 it will receive is the common challenge. 284 00:14:54,110 --> 00:14:57,310 Powell, in his speech, remain vague about whether the Fed 285 00:14:57,310 --> 00:14:59,110 would lift its benchmarks rate again. 286 00:14:59,110 --> 00:15:01,150 Again featured not a bug, though. 287 00:15:01,150 --> 00:15:03,870 He warned that additional evidence of persistently above 288 00:15:03,870 --> 00:15:06,750 trend growth could put further progress on inflation at risk 289 00:15:07,070 --> 00:15:09,110 and could warrant further tightening of the monetary 290 00:15:09,110 --> 00:15:10,470 policy. Which way are they going? 291 00:15:10,950 --> 00:15:12,350 They don't even know, And that's the point. 292 00:15:12,510 --> 00:15:15,350 Lagarde and her address in a subsequent Bloomberg TV 293 00:15:15,350 --> 00:15:18,670 interview was more wide-ranging and discussing the new landscape 294 00:15:18,670 --> 00:15:22,070 facing ECB policymakers 1 characterized by novel 295 00:15:22,070 --> 00:15:25,510 challenges arising from historic changes, including the energy 296 00:15:25,510 --> 00:15:28,790 transition and a fragmentation of global trade into competing 297 00:15:28,790 --> 00:15:31,790 geopolitical blocks. She too, though, steered clear 298 00:15:31,790 --> 00:15:35,110 of speaking about decisions in the months ahead. 299 00:15:35,390 --> 00:15:38,070 Guys, this is a feature, not a bug as we know. 300 00:15:38,070 --> 00:15:41,070 As Bitcoiners, we know our monetary policy, and this is 301 00:15:41,070 --> 00:15:43,950 where I'm going to angle it. But let me finish this article 302 00:15:43,950 --> 00:15:47,390 first, the prevailing sentiment and conversations and questions 303 00:15:47,390 --> 00:15:51,430 at this year's symposium. A need for humility among amid 304 00:15:51,430 --> 00:15:53,390 this uncertainty of the current landscape. 305 00:15:53,390 --> 00:15:55,350 And here's Christine Lagarde and she goes. 306 00:15:55,350 --> 00:15:57,870 While we need to continue striving to sharpen our picture 307 00:15:57,870 --> 00:16:00,670 of the medium term, we should also be clear about the limits 308 00:16:00,670 --> 00:16:03,470 of what we currently know and what our policy can achieve. 309 00:16:03,710 --> 00:16:07,070 If we are to maintain our credibility with the public, we 310 00:16:07,070 --> 00:16:09,110 will need to talk about the future in a way that better 311 00:16:09,110 --> 00:16:11,790 captures the uncertainty we face. 312 00:16:11,790 --> 00:16:15,870 Guys, I think this is the the shooting gun of this whole 313 00:16:15,870 --> 00:16:17,950 conversation. They're saying the loud part or 314 00:16:17,950 --> 00:16:21,070 the quiet part out loud. It's the idea that they know 315 00:16:21,270 --> 00:16:24,550 that the Fiat game is a game of trust. 316 00:16:24,790 --> 00:16:26,990 It is a game. It's a confidence game. 317 00:16:27,390 --> 00:16:31,150 And as bitcoiners, we don't have to play their game anymore. 318 00:16:31,150 --> 00:16:34,590 We know that they literally make things off off the wind. 319 00:16:34,590 --> 00:16:38,800 They're they're going to adjust the global economy based on 320 00:16:38,800 --> 00:16:41,400 recent data that we know isn't even correct. 321 00:16:41,560 --> 00:16:42,760 And they're going to do this on a whim. 322 00:16:42,760 --> 00:16:45,440 They're going to do this because what a small Cabala bankers 323 00:16:45,440 --> 00:16:47,200 think it's the best move to make. 324 00:16:47,320 --> 00:16:50,560 Well, us bitcoiners play on a totally different game. 325 00:16:50,960 --> 00:16:54,480 And, you know, I didn't have Privy of what was fully talked 326 00:16:54,480 --> 00:16:57,600 about at Jackson Hole in Wyoming at the central bank. 327 00:16:57,600 --> 00:16:59,200 Let me see what what they call it again. 328 00:16:59,670 --> 00:17:01,790 Jackson Hole Economic Policy Symposium. 329 00:17:02,230 --> 00:17:04,349 But I don't have to. I'm a Bitcoiner. 330 00:17:04,349 --> 00:17:08,230 I know what my monetary policy is until 2140 and beyond. 331 00:17:08,550 --> 00:17:13,869 And this is the point. Why are we using a money that is 332 00:17:13,869 --> 00:17:16,470 designed to steal from us, that is designed to take our 333 00:17:16,470 --> 00:17:20,750 purchasing power and is at the whim of a small group of 334 00:17:20,750 --> 00:17:22,859 bankers? I don't have to. 335 00:17:23,020 --> 00:17:25,980 This is the point of Bitcoin. We know our monetary policy 336 00:17:25,980 --> 00:17:27,980 moving forward. We know the having is coming in 337 00:17:27,980 --> 00:17:31,020 April. We know that the supply shock 338 00:17:31,180 --> 00:17:33,620 that is to come next year is going to get cut in half. 339 00:17:33,620 --> 00:17:36,300 And you know, that's why I had Dell tell us this story in the 340 00:17:36,300 --> 00:17:38,620 beginning, because more people are starting to wake up to this. 341 00:17:38,900 --> 00:17:43,160 Look, even if you break this down on simple level, the 342 00:17:43,160 --> 00:17:46,800 central bankers out there, those who are the experts that have 343 00:17:46,800 --> 00:17:49,840 been entrusted to know what is best with the money supply, 344 00:17:49,840 --> 00:17:51,800 don't even know which way they're going to go. 345 00:17:52,080 --> 00:17:54,240 They don't know what they're doing in a week or two. 346 00:17:54,520 --> 00:17:57,400 And I don't know about you, but I do not want to play that game. 347 00:17:57,400 --> 00:18:00,560 Why am I sitting here on the whims of someone that is not 348 00:18:00,560 --> 00:18:04,000 only manipulating the money supply, they're manipulating the 349 00:18:04,000 --> 00:18:07,640 inflation percentages to play that confidence game? 350 00:18:07,880 --> 00:18:12,160 And remember what is said in the early passages of the white 351 00:18:12,160 --> 00:18:15,550 paper. The financial world runs on too 352 00:18:15,550 --> 00:18:18,590 much trust, and that trust has been abused. 353 00:18:18,950 --> 00:18:22,550 And I know, I know, I try to hit you guys with the logical facts 354 00:18:22,550 --> 00:18:27,270 all the time, but people don't even know that that abuse is a 355 00:18:27,270 --> 00:18:29,630 possibility. They they, they're asleep. 356 00:18:29,630 --> 00:18:31,790 They're they're busy. They're in the rat race. 357 00:18:32,240 --> 00:18:36,080 And like Dell's dad, people are starting to wake up to the idea 358 00:18:36,120 --> 00:18:38,680 that, hey, inflation is getting out of control. 359 00:18:38,800 --> 00:18:40,400 My life is getting more expensive. 360 00:18:40,400 --> 00:18:44,400 Why is my dollar, my Fiat currencies not buying me enough 361 00:18:44,440 --> 00:18:47,000 at the grocery store? You know, are we going into a 362 00:18:47,000 --> 00:18:49,080 recession? Are we going into a global 363 00:18:49,080 --> 00:18:51,720 depression? No one even knows the the 364 00:18:51,720 --> 00:18:53,920 numbers are telling you one thing, even though they're 365 00:18:53,920 --> 00:18:55,360 probably telling you something else. 366 00:18:55,360 --> 00:18:59,480 But that's the whole point of the Fiat game is to keep you in 367 00:18:59,560 --> 00:19:04,360 this, in this purgatory of finances where you don't know 368 00:19:04,360 --> 00:19:07,280 where it is going. But hey, you do not need to play 369 00:19:07,280 --> 00:19:09,320 that game. We know where our money is 370 00:19:09,320 --> 00:19:12,280 going. We know how much money is in the 371 00:19:12,280 --> 00:19:14,880 Bitcoin Standard 21 million hard cap. 372 00:19:14,880 --> 00:19:21,080 And if I go back to the the Clock money dashboard, 92% of 373 00:19:21,200 --> 00:19:24,080 all bitcoiners that will ever get released are already 374 00:19:24,080 --> 00:19:27,560 circulating. And remember guys, there is more 375 00:19:27,560 --> 00:19:31,260 Bitcoin that is lost than is even talked about. 376 00:19:31,260 --> 00:19:33,860 And I had some conversations with people at the conference 377 00:19:33,860 --> 00:19:37,180 and there's a running theme of a lot of people losing Bitcoin. 378 00:19:37,180 --> 00:19:41,820 And and This is why we tell you guys to take this self custody 379 00:19:41,820 --> 00:19:43,780 thing seriously. Right now is the time where you 380 00:19:43,780 --> 00:19:47,660 should be preparing your self custody, your cold storage, you 381 00:19:47,660 --> 00:19:51,140 should maybe look into getting better hardware signing devices, 382 00:19:51,140 --> 00:19:54,140 you know, running a note now is the time to be doing this and 383 00:19:54,140 --> 00:19:57,140 make sure that you have your seeds raised, backed up because 384 00:19:57,140 --> 00:19:59,180 things are going to get crazy. When the price starts to run, 385 00:19:59,180 --> 00:20:02,180 people lose their minds. But the point of the matter is 386 00:20:02,460 --> 00:20:05,900 leaving bit block boom and seeing that there was a central 387 00:20:05,900 --> 00:20:10,620 bank conference the same day. I can only tell that there is a 388 00:20:11,020 --> 00:20:15,700 stark contrast between the the vibe that I that I see coming 389 00:20:15,740 --> 00:20:18,580 out of the Central Banker conference and the vibe coming 390 00:20:18,660 --> 00:20:22,120 out of the Bitcoin conference. It was, it was all love at the 391 00:20:22,120 --> 00:20:24,320 Bitcoin conference. It was hopeful, It was 392 00:20:24,320 --> 00:20:27,480 understanding that yes, we have a lot of hard work coming ahead 393 00:20:27,480 --> 00:20:29,240 of us. Yes, we are going to have to, 394 00:20:29,680 --> 00:20:34,840 you know, climb the uphill battle to not only build the 395 00:20:34,840 --> 00:20:39,720 tools we need to offer the world bitcoins, Hyper Bitcoinization, 396 00:20:39,720 --> 00:20:46,250 but we need to be doing our best to get people involved with 397 00:20:46,250 --> 00:20:49,410 Bitcoin, show people why they need to hold Bitcoin, show 398 00:20:49,410 --> 00:20:52,530 people why Bitcoin improves their lives. 399 00:20:52,970 --> 00:20:58,130 Because this is the way. And I don't know, I'm leaving 400 00:20:58,530 --> 00:21:01,250 Austin. I feel, I feel very, very 401 00:21:01,250 --> 00:21:03,010 hopeful. I feel like I hung out with a 402 00:21:03,010 --> 00:21:06,250 bunch of friends and family and it's all love. 403 00:21:06,250 --> 00:21:10,770 And I know moving forward that bitcoiners are winning and they 404 00:21:10,770 --> 00:21:14,610 are building the stuff that the world will be using in a few 405 00:21:14,610 --> 00:21:16,870 years. And when you hang around all of 406 00:21:16,870 --> 00:21:21,430 the bitcoiners, you get a brush, a fret there, a lot of optimism, 407 00:21:21,630 --> 00:21:24,270 a lot of hard work, but a lot of people with their heads on and 408 00:21:24,270 --> 00:21:26,710 knowing that, yes, this work will pay off. 409 00:21:27,030 --> 00:21:30,390 And then you compare that with the Jackson Hole and they're 410 00:21:30,390 --> 00:21:32,030 like, what's going on with the world? 411 00:21:32,030 --> 00:21:34,470 Like, I have no idea. I have no clue. 412 00:21:34,470 --> 00:21:35,510 Is the money? Are we? 413 00:21:36,390 --> 00:21:38,350 Is inflation going down? I don't know. 414 00:21:38,350 --> 00:21:40,630 What do we need to do with the interest rate, guys? 415 00:21:40,630 --> 00:21:43,950 This is a feature of the financial world and you can opt 416 00:21:43,950 --> 00:21:47,480 out of that stack. Bitcoin saving Bitcoin. 417 00:21:47,480 --> 00:21:49,240 Stay solvent. 21 million hard cap. 418 00:21:49,240 --> 00:21:51,520 This is a feature, not a bug Anyways. 419 00:21:52,120 --> 00:21:55,040 Dell, you weren't in Austin. But comparing the two, what's 420 00:21:55,040 --> 00:21:56,320 your thoughts on this? What? 421 00:21:56,320 --> 00:21:58,160 What's the first thing that's getting triggered in your mind 422 00:21:58,160 --> 00:22:00,640 today? The very first thing that stuck 423 00:22:00,640 --> 00:22:03,920 out to me about everything they just said is a small little 424 00:22:03,920 --> 00:22:07,280 snippet in that Christine Lizard video where she says. 425 00:22:07,650 --> 00:22:10,330 We're taking everything into account or or something like 426 00:22:10,330 --> 00:22:12,050 that. We're looking at all the facts 427 00:22:12,050 --> 00:22:14,770 or or something like that. It's like how could you possibly 428 00:22:15,010 --> 00:22:18,810 take into account all the wants and needs of the. 429 00:22:18,810 --> 00:22:21,290 I don't know how many people are in the Western world something 430 00:22:21,290 --> 00:22:24,570 like 3 billion people between Europe and the USI know. 431 00:22:24,570 --> 00:22:27,850 I know most of the world's population is contained within 432 00:22:27,850 --> 00:22:31,170 like India and China are a large percentage of it and in Asia and 433 00:22:31,170 --> 00:22:34,450 that's not considered the West. So if you if you figure even if 434 00:22:34,450 --> 00:22:38,010 it's just. 33 billion people that they are trying to have 435 00:22:38,010 --> 00:22:40,530 some sort of monetary policy control over. 436 00:22:40,930 --> 00:22:44,450 There's zero chance that they could possibly figure out what 437 00:22:44,450 --> 00:22:46,370 all of those 3 billion people want. 438 00:22:46,610 --> 00:22:49,530 You could look at trends. You could see that this country 439 00:22:49,530 --> 00:22:52,570 likes to typically do this and during this part of the year, 440 00:22:52,810 --> 00:22:55,050 oh, the heating costs in this part of the world. 441 00:22:55,050 --> 00:22:58,450 But then every once in a while, nature throws A curveball at you 442 00:22:58,610 --> 00:23:01,770 or something new comes out. One person, as I talked about in 443 00:23:01,770 --> 00:23:05,630 a recent video, Taylor Swift. Can have such a massive impact 444 00:23:05,630 --> 00:23:08,110 on the economy and you can't plan for that. 445 00:23:08,230 --> 00:23:11,150 You cannot plan for who's going to announce a new tour, who's 446 00:23:11,150 --> 00:23:13,830 going to come out and say, hey, guess who's back on the road. 447 00:23:13,830 --> 00:23:17,870 Oh the the whatever have have gotten back together and it's 448 00:23:17,870 --> 00:23:20,550 now going on tour and it's making huge. 449 00:23:20,920 --> 00:23:23,280 Impact on the on the economy because they're traveling doing 450 00:23:23,280 --> 00:23:26,960 their the final European Tour. This person, that person, some 451 00:23:27,120 --> 00:23:30,120 wellknown artist or this thing or a new movie comes out and you 452 00:23:30,120 --> 00:23:32,880 have no idea that it was going to be this massive blockbuster 453 00:23:32,880 --> 00:23:35,120 that it was. So the idea that they could have 454 00:23:35,160 --> 00:23:38,280 any idea of what billions of people are going to want on a 455 00:23:38,280 --> 00:23:41,880 daily basis and then try and conduct and and concoct A 456 00:23:41,880 --> 00:23:44,920 monetary policy based off of that is absolutely insane. 457 00:23:45,120 --> 00:23:48,040 And it's truly insane. It's hubris at its finest that 458 00:23:48,040 --> 00:23:49,840 people think that they can have any sort of. 459 00:23:50,710 --> 00:23:53,830 Idea about what anybody besides themselves want. 460 00:23:53,830 --> 00:23:56,590 I bet Christine Lizard wakes up in the morning, goes, hmm, do I 461 00:23:56,590 --> 00:23:58,870 want eggs or do I want bacon today? 462 00:23:58,870 --> 00:24:01,470 Or do I want bugs? Or do I want to eat a bagel with 463 00:24:01,470 --> 00:24:03,310 cream cheese on it? I can't even decide between 464 00:24:03,310 --> 00:24:05,110 those two things. And yet she's trying to figure 465 00:24:05,110 --> 00:24:07,270 out whatever a billions of people actually want. 466 00:24:07,390 --> 00:24:09,230 Give me a break. It's insane. 467 00:24:09,390 --> 00:24:11,030 It is. It's truly insane. 468 00:24:11,150 --> 00:24:13,430 I I don't know what I'm going to want tomorrow. 469 00:24:13,550 --> 00:24:15,790 I don't know what I'm going to want this afternoon for lunch. 470 00:24:15,790 --> 00:24:18,620 I have no idea. So for me to say that I could 471 00:24:18,620 --> 00:24:21,660 know what everybody in my neighborhood, let alone city, 472 00:24:21,660 --> 00:24:23,940 let alone country, let alone half the world, is going to 473 00:24:23,940 --> 00:24:26,020 want, is. I mean it just it's 474 00:24:26,020 --> 00:24:30,100 mindbuggling. It just it it it beggars belief. 475 00:24:30,370 --> 00:24:32,770 That anybody could get up there be like, no, I I do know what 476 00:24:32,770 --> 00:24:34,930 people are gonna want. I absolutely know what the 477 00:24:34,930 --> 00:24:37,890 policy needs to be. I, me and my pals up here, all 478 00:24:37,890 --> 00:24:40,450 of us in our 50s don't even understand what anything going 479 00:24:40,450 --> 00:24:42,170 on there on the Internet. I don't even know what a meme 480 00:24:42,170 --> 00:24:43,370 is. I've never made one in my life. 481 00:24:43,570 --> 00:24:45,410 But I certainly know what's going on on the Internet. 482 00:24:45,530 --> 00:24:47,010 I can tell what all the kids are gonna want. 483 00:24:47,090 --> 00:24:48,690 I can tell what all their parents are gonna want. 484 00:24:48,850 --> 00:24:51,410 I absolutely have an idea of what all these people are gonna 485 00:24:51,410 --> 00:24:52,850 need to do. And in the coming months and 486 00:24:52,850 --> 00:24:55,490 years and days of their lives, give me a break. 487 00:24:55,610 --> 00:24:57,930 It's insane. It's absolutely insane in 488 00:24:57,930 --> 00:24:59,920 Bitcoin. Just this biggest layer goes, 489 00:25:00,040 --> 00:25:02,400 hey, I don't give a crap what any of you do. 490 00:25:02,440 --> 00:25:06,200 I could not give any flying apps about what any of you do. 491 00:25:06,440 --> 00:25:08,840 I'm just going to be the best money that's ever existed for 492 00:25:08,840 --> 00:25:10,240 you to transact with. How about that? 493 00:25:10,480 --> 00:25:13,160 And that's, that's the totality of the story. 494 00:25:13,320 --> 00:25:15,640 That that's it. That that is literally it. 495 00:25:15,760 --> 00:25:18,680 I'm just the best money. Have fun staying poor. 496 00:25:18,680 --> 00:25:20,800 If you want to use this other thing that people are constantly 497 00:25:20,800 --> 00:25:24,520 messing with and screwing around with on a daily basis, give me a 498 00:25:24,520 --> 00:25:26,880 break. Couldn't agree more. 499 00:25:26,880 --> 00:25:29,760 And and I think that's lost in a lot of people that they the 500 00:25:29,760 --> 00:25:32,760 hubris that comes out from the unproductive ruling class, the 501 00:25:32,760 --> 00:25:35,400 banking class out there, the Keynesians that think that they 502 00:25:35,400 --> 00:25:39,440 can control a complex system such as the economy. 503 00:25:39,640 --> 00:25:42,440 When I think I forgot to pull this up, you can see very 504 00:25:42,440 --> 00:25:46,560 clearly we know what's going to happen with the Bitcoin subsidy. 505 00:25:46,560 --> 00:25:48,920 We know what's going to happen with the distribution of Bitcoin 506 00:25:49,080 --> 00:25:53,040 21 million hard cap until 2140. Yes, there will be bitcoins 507 00:25:53,040 --> 00:25:56,060 released, but we know the havings coming up in April and 508 00:25:56,060 --> 00:25:57,940 the amount of Bitcoin that's going to hit the market is going 509 00:25:57,940 --> 00:26:01,340 to get cut in half. And for those people out there 510 00:26:01,340 --> 00:26:03,860 you might want to get some just in case it catches on. 511 00:26:03,860 --> 00:26:07,660 Anyways, before I move on guys shouts out to the boys over at 512 00:26:07,660 --> 00:26:10,420 the Bitcoin conference. Yes, we are fresh off bit block 513 00:26:10,420 --> 00:26:14,700 boom, but if you are in Europe, get to Bitcoin Amsterdam. 514 00:26:15,040 --> 00:26:17,560 You can get a discount code on your ticket using simply. 515 00:26:17,560 --> 00:26:21,040 It's going to be October 12th through the 13th in Amsterdam 516 00:26:21,040 --> 00:26:23,760 2023. And then of course you can also 517 00:26:23,760 --> 00:26:28,280 get yourself a ticket to Bitcoin 2024 July 25th through the 27th. 518 00:26:28,480 --> 00:26:31,160 Next year in Nashville we will be in Nashville. 519 00:26:31,320 --> 00:26:34,600 We haven't made it to Amsterdam yet as the Simply Bitcoin crew, 520 00:26:34,800 --> 00:26:37,360 but we will be seeing you guys in Nashville. 521 00:26:37,600 --> 00:26:40,600 And of course you can scan the QR code at the bottom of the 522 00:26:40,600 --> 00:26:45,230 show and get there directly. Anyways, guys, let's get into 523 00:26:45,230 --> 00:26:48,470 the news because I'm gonna give you guys what you came here for. 524 00:26:48,510 --> 00:26:57,830 Here we go. The Daily News And before I go 525 00:26:57,830 --> 00:27:02,070 on guys, I want to give a shout out to our boy Brian De Mint's 526 00:27:02,070 --> 00:27:06,630 book, Bitcoin Evangelism. Yes, we know you have trouble 527 00:27:06,670 --> 00:27:08,670 orange peeling your friends and family. 528 00:27:08,670 --> 00:27:11,490 You're skeptical. No coin of friends and you're 529 00:27:11,490 --> 00:27:14,170 kind of on the fence. Family, you know, your mom, dad, 530 00:27:14,170 --> 00:27:16,010 they're like, OK, you like this Bitcoin thing? 531 00:27:16,010 --> 00:27:19,810 Well, get yourself the Bitcoin evangelism book and we got you 532 00:27:19,810 --> 00:27:21,530 covered. You know you got your boomer 533 00:27:21,530 --> 00:27:24,090 neighbor. We got we got what you need to 534 00:27:24,090 --> 00:27:26,410 tell them. We have your, your crazy aunt 535 00:27:26,410 --> 00:27:29,810 that is more terrified about Cbdc's than you are and she may 536 00:27:29,810 --> 00:27:34,770 think Bitcoin is, you know, the the money of one world currency. 537 00:27:34,810 --> 00:27:37,650 We got you covered. You got the the shit corners out 538 00:27:37,650 --> 00:27:39,810 there that are skeptical of Bitcoin. 539 00:27:39,810 --> 00:27:40,970 They're they're going to the casino. 540 00:27:40,970 --> 00:27:42,810 We got you covered guys. Get on Amazon. 541 00:27:42,810 --> 00:27:45,170 Scan the QR code. Oh, I don't think I put up the 542 00:27:45,170 --> 00:27:48,610 QR code. Scan the QR code and get 543 00:27:48,610 --> 00:27:50,690 yourself the best way to Orange Pill. 544 00:27:51,070 --> 00:27:55,230 Actually, before I move on, there was a good there was a 545 00:27:55,230 --> 00:27:59,030 good quote from Jimmy Song and if you guys saw his presentation 546 00:27:59,030 --> 00:28:02,750 at Bitlock, boom, he said. You know, I think it's kind of 547 00:28:02,750 --> 00:28:06,270 ridiculous for us to think that we're going to have someone that 548 00:28:06,270 --> 00:28:08,590 is kind of low key and and interested in Bitcoin. 549 00:28:08,590 --> 00:28:12,030 Be like, hey, hey guys, go read this 300 page book about Bitcoin 550 00:28:12,030 --> 00:28:14,230 and then come back to me and then you'll be a Bitcoin. 551 00:28:14,670 --> 00:28:16,910 And I really, it really hit me when he's like, no. 552 00:28:16,910 --> 00:28:20,030 Like these books are for you so that you can get better at 553 00:28:20,030 --> 00:28:23,470 orange peeling so that you can have the tools you need to be 554 00:28:23,470 --> 00:28:25,830 able to explain this to people when the hearts and minds are 555 00:28:25,830 --> 00:28:29,470 the masters out there because it's about preparing you, giving 556 00:28:29,470 --> 00:28:32,870 you guys the tools so that you can go out there and spread 557 00:28:32,870 --> 00:28:36,310 Bitcoin, Get people involved. Anyways, let's get into this 558 00:28:36,310 --> 00:28:41,190 news guys. So first and foremost, there was 559 00:28:41,190 --> 00:28:45,010 some speculation on Twitter over the weekend. 560 00:28:45,010 --> 00:28:49,610 I think was Thursday or Friday about a new mysterious wallet 561 00:28:49,610 --> 00:28:52,210 becoming the third largest holder of Bitcoin in just over 562 00:28:52,210 --> 00:28:57,050 three months, accruing 118,000 Bitcoin worth $3.8 billion. 563 00:28:57,430 --> 00:28:59,870 So I have it over here. It looks like there's an address 564 00:28:59,870 --> 00:29:02,510 here that has just been constantly stacking going to the 565 00:29:02,510 --> 00:29:05,390 same address. Not the best UTXO hygiene, but 566 00:29:05,390 --> 00:29:10,590 hey, maybe they're new to the space, maybe they don't know 567 00:29:10,590 --> 00:29:15,350 exactly what they want, but they are stacking and they are buying 568 00:29:15,350 --> 00:29:18,230 in huge chunks, which kind of leans into the narrative that 569 00:29:18,230 --> 00:29:19,310 we've been saying for a long time. 570 00:29:19,310 --> 00:29:21,950 You know, high net worth individuals are in the market, 571 00:29:22,110 --> 00:29:25,750 the institutions are here now. I don't want to speculate on 572 00:29:25,750 --> 00:29:28,870 whether this is Black Rock or not, because a lot of people 573 00:29:28,870 --> 00:29:32,350 were saying it was BlackRock, but BlackRock would have to 574 00:29:33,670 --> 00:29:35,710 disclose their holdings. And we're over here at 575 00:29:35,710 --> 00:29:39,310 bitcointreasuries.net and we see, and we remember that 576 00:29:39,310 --> 00:29:42,230 BlackRock, at least officially and again, this is an 577 00:29:42,230 --> 00:29:43,670 institution, this is a corporation. 578 00:29:43,670 --> 00:29:46,710 They would have to disclose this, though maybe it will be in 579 00:29:46,710 --> 00:29:49,590 a different quarter when it does get disclosed that they have 580 00:29:49,590 --> 00:29:53,590 been sacking more Bitcoin, allegedly only holding 6.15 581 00:29:53,590 --> 00:29:55,710 Bitcoin. And if you know, you know there, 582 00:29:55,710 --> 00:29:58,790 there's got to be some kind of Bitcoin owner over there that is 583 00:29:58,790 --> 00:30:01,870 holding their Bitcoin. Or or maybe Larry Fink's 584 00:30:01,870 --> 00:30:04,630 trolling and and he's a shit poster on Twitter. 585 00:30:04,870 --> 00:30:07,150 I don't know, I'm just speculating, kind of having fun. 586 00:30:07,150 --> 00:30:10,990 But the big news is that BlackRock has now become the 587 00:30:10,990 --> 00:30:14,150 second largest shareholder in four of the largest publicly 588 00:30:14,150 --> 00:30:15,950 traded Bitcoin mining companies in the world. 589 00:30:15,950 --> 00:30:20,310 So they have bought more stock in Riot Blockchain, Marathon 590 00:30:20,310 --> 00:30:23,760 Digital Holdings, Cypher Mining, Terra Wolf and so let's get into 591 00:30:23,760 --> 00:30:25,520 this article here. This came out this morning. 592 00:30:25,520 --> 00:30:28,800 BlackRock is a major shareholder in four of the five largest 593 00:30:28,800 --> 00:30:31,960 Bitcoin miners, so the investment giant is already the 594 00:30:31,960 --> 00:30:34,920 second largest shareholder and four of the five biggest Bitcoin 595 00:30:34,920 --> 00:30:38,320 mining by market capitalization. According to the company's 596 00:30:38,320 --> 00:30:41,520 Market cap index, the five largest Bitcoin mining miners 597 00:30:41,520 --> 00:30:45,800 sum up to $5.4 billion in market cap and have registered massive 598 00:30:45,800 --> 00:30:50,360 losses in the last 30 days. So Riot platform $1.92 billion 599 00:30:50,360 --> 00:30:53,880 market cap, Marathon Digital Holdings 1.8 billion market cap, 600 00:30:54,160 --> 00:30:58,760 cipher mining .74 billion market cap, Hut 8 mining at half a 601 00:30:58,760 --> 00:31:02,320 billion market cap and Terra Wolf at point four $1 billion 602 00:31:02,320 --> 00:31:05,000 market cap. So BlackRock is buying the dip, 603 00:31:05,640 --> 00:31:07,800 but they're not necessarily buying the Bitcoin price, the 604 00:31:07,800 --> 00:31:11,680 spot Bitcoin dip, they are buying the Bitcoin mining 605 00:31:11,680 --> 00:31:17,070 companies stock dip. So I think the tell here is yes, 606 00:31:17,110 --> 00:31:20,150 we are still kind of in purgatory. 607 00:31:20,150 --> 00:31:23,350 Again, we're still all speculating whether and when the 608 00:31:23,350 --> 00:31:28,030 Bitcoin ETF will get released. The BlackRock Bitcoin Spot ETF 609 00:31:28,030 --> 00:31:30,430 will get released. Will it be in a year, will it be 610 00:31:30,430 --> 00:31:32,870 in six months? We don't really know, but I 611 00:31:32,870 --> 00:31:36,610 think it is becoming very clear that it's not an if. 612 00:31:36,610 --> 00:31:41,170 It's a matter of when, if BlackRock is continuing to gain 613 00:31:41,170 --> 00:31:44,650 exposure in Bitcoin mining. They are, you know, have their 614 00:31:44,650 --> 00:31:47,810 Canary in the coal mine by saying and signaling that they 615 00:31:47,810 --> 00:31:51,490 want to spot Bitcoin at ETF. It is becoming very off that 616 00:31:51,490 --> 00:31:55,010 BlackRock is infatuated with Bitcoin. 617 00:31:55,010 --> 00:31:56,650 Larry Fink wants to stack Bitcoin. 618 00:31:56,650 --> 00:31:59,370 So do not be selling Larry Fink your Bitcoin right now. 619 00:31:59,370 --> 00:32:02,050 And of course he's buying mining companies as of now and we're 620 00:32:02,050 --> 00:32:03,570 going to get into some of these numbers. 621 00:32:03,930 --> 00:32:07,090 But of course the sign is they are gaining the Bitcoin 622 00:32:07,090 --> 00:32:09,450 exposure. The institutions are here guys. 623 00:32:09,450 --> 00:32:12,730 This is the time where you should be stacking as much as 624 00:32:12,730 --> 00:32:15,130 humanly possible taking your Bitcoin into self custody. 625 00:32:15,130 --> 00:32:18,090 That is the most important thing to be doing is do not leave your 626 00:32:18,090 --> 00:32:21,370 Bitcoin on the exchanges. Anyways, data retrieved by Finn 627 00:32:21,370 --> 00:32:24,890 Bold from CNN shows that BlackRock fund advisors increase 628 00:32:24,890 --> 00:32:27,490 their position in these Bitcoin miners on June 30th, 629 00:32:27,840 --> 00:32:30,760 consolidating the 2nd place as the largest shareholders 630 00:32:30,760 --> 00:32:33,840 position as follows. So in Riot they bought 631 00:32:33,840 --> 00:32:41,040 10,749,369 shares or roughly 6.14% for a total value of 632 00:32:41,080 --> 00:32:45,440 199.08 million. In Marathon they bought 10 633 00:32:45,440 --> 00:32:48,960 million shares, almost 11,000,000 shares or 6.44% of 634 00:32:48,960 --> 00:32:52,600 the stock for a total value of $190,000,000. 635 00:32:52,960 --> 00:32:58,240 And what's it cipher? Cypher Mining Inc They bought 2 636 00:32:58,240 --> 00:33:02,760 million 2.2 million shares, so or a little under 1% for a total 637 00:33:02,760 --> 00:33:07,000 value of $8.36 million. And in Terre Wolf they bought a 638 00:33:07,000 --> 00:33:11,440 little under 5 million shares or 2.28% of the total shares for a 639 00:33:11,440 --> 00:33:16,810 total value of $14.10 million. So they've notably built a 640 00:33:16,810 --> 00:33:23,170 position summing to a total value of around $411.5 million. 641 00:33:23,330 --> 00:33:27,050 And I think this is the kicker guys, equals to a small share of 642 00:33:27,050 --> 00:33:33,730 .35% of the $117.6 billion in assets that Black Rocks hold as 643 00:33:33,730 --> 00:33:37,570 reported in 2022. This current position also makes 644 00:33:37,570 --> 00:33:40,530 the BlackRock Fund Advisors a major member of the Bitcoin 645 00:33:40,530 --> 00:33:43,690 Mining Council, a lot lobbying group for the Bitcoin mining 646 00:33:43,690 --> 00:33:46,970 industry in the US. Now that's just the numbers here 647 00:33:46,970 --> 00:33:50,330 guys. So they are obviously getting 648 00:33:50,410 --> 00:33:53,850 more Bitcoin exposure, whether that is in Bitcoin stocks and 649 00:33:53,850 --> 00:33:58,050 and to be fair this is the importance of the spot Bitcoin 650 00:33:58,130 --> 00:34:02,290 ETF's that all will be released at a certain point coming up is 651 00:34:02,290 --> 00:34:04,810 that these institutions, they can't necessarily buy spot 652 00:34:04,810 --> 00:34:08,650 Bitcoin yet and that's why the ETF's will even though it is 653 00:34:08,650 --> 00:34:10,530 paper Bitcoin. I know, hold your tomatoes. 654 00:34:11,020 --> 00:34:13,940 This is how these institutions will be getting exposure. 655 00:34:13,940 --> 00:34:18,300 But as of now, they can buy Bitcoin mining stocks and 656 00:34:18,300 --> 00:34:21,580 further, we know, oh wait, over here. 657 00:34:21,780 --> 00:34:26,900 We know that BlackRock is a major shareholder of Micro 658 00:34:26,900 --> 00:34:32,139 Strategies as well. They hold what is it about 7.26% 659 00:34:32,139 --> 00:34:38,420 or 304,000,000 shares? Oh wait, 304, that's $1,000,000 660 00:34:38,500 --> 00:34:44,320 in micro strategy stock or 879,617 shares. 661 00:34:44,320 --> 00:34:47,880 So they obviously have already been in the Bitcoin space. 662 00:34:47,880 --> 00:34:51,400 You can tell that they want as much Bitcoin exposure and again 663 00:34:51,400 --> 00:34:54,760 not to get tin foily hat. But BlackRock Playbook is 664 00:34:54,760 --> 00:34:56,400 happening again in the Bitcoin space. 665 00:34:56,400 --> 00:34:59,080 They just want to get their tentacles in every aspect of the 666 00:34:59,080 --> 00:35:01,720 Bitcoin space because whether Bitcoin, you know whether they 667 00:35:01,720 --> 00:35:06,340 believe in Bitcoin or not they are Fiat Maxis and they see what 668 00:35:06,340 --> 00:35:09,180 we see number will go up So they want a little bit of all the 669 00:35:09,180 --> 00:35:12,540 infrastructure. And again I was reminded I am 670 00:35:12,540 --> 00:35:16,780 the skeptical bitcoiner here. I I I'm a tinfoil hat enthusiast 671 00:35:16,860 --> 00:35:19,340 I should make one for you guys so you guys can clown me. 672 00:35:19,700 --> 00:35:24,020 But it really reminded me when the spot Bitcoin ETF news 673 00:35:24,020 --> 00:35:28,140 dropped this little clause in the filing and everyone was 674 00:35:28,140 --> 00:35:30,660 going crazy on it in you on Twitter. 675 00:35:30,660 --> 00:35:33,100 And and you know, I don't want to speculate too much, but I 676 00:35:33,100 --> 00:35:35,420 think it would be missed if I didn't bring this point up 677 00:35:35,730 --> 00:35:38,530 because hey, you know, there's no coincidences. 678 00:35:39,850 --> 00:35:43,330 But hey, things are happening and I'm just trying to connect 679 00:35:43,330 --> 00:35:44,650 the dots. I'm seeing things. 680 00:35:44,690 --> 00:35:48,370 Obviously maybe I'm a paranoid Bitcoin or maybe they are 681 00:35:48,370 --> 00:35:51,450 incentivized to just get Bitcoin exposure because number will go 682 00:35:51,450 --> 00:35:54,290 up. But hey, this is a Bitcoin 683 00:35:54,290 --> 00:35:58,470 channel, and we do speculate sometimes on what people's 684 00:35:58,470 --> 00:36:01,270 incentives are what what what they're trying to do anyways. 685 00:36:01,270 --> 00:36:06,350 Remember this in the spot Bitcoin ETF filing by BlackRock? 686 00:36:06,350 --> 00:36:09,150 In the event of a hard fork of the Bitcoin network, the sponsor 687 00:36:09,150 --> 00:36:11,830 will, if permitted by the terms of the trust agreement, uses 688 00:36:11,830 --> 00:36:15,070 discretion to determine which network should be considered the 689 00:36:15,070 --> 00:36:17,870 appropriate network for the trust purposes, and in doing so 690 00:36:17,870 --> 00:36:19,790 may adversely affect the value of the shares. 691 00:36:19,990 --> 00:36:22,350 There's no guarantee that the sponsor will choose the digital 692 00:36:22,350 --> 00:36:25,110 asset that is ultimately the most valuable fork and the 693 00:36:25,470 --> 00:36:28,990 decision may adversely affect the value of the shares as a 694 00:36:28,990 --> 00:36:32,230 result. Anyways, I bring that up to just 695 00:36:32,230 --> 00:36:37,990 basically hint on the idea that remember what the companies are 696 00:36:38,070 --> 00:36:42,310 that BlackRock is a shareholder in and one of them is Marathon. 697 00:36:42,310 --> 00:36:46,230 And not to pick on Marathon, but we remember that they mined the 698 00:36:46,230 --> 00:36:49,030 first OFAT compliant block last year. 699 00:36:49,230 --> 00:36:53,730 So, hey, you know, not to get too tinfoily hat here, but I'm 700 00:36:53,730 --> 00:36:56,770 just seeing things and I'm just being cautious. 701 00:36:57,010 --> 00:37:01,690 But it is clear as day that BlackRock likes Bitcoin. 702 00:37:01,890 --> 00:37:04,170 They are gaining as much exposure to Bitcoin. 703 00:37:04,490 --> 00:37:07,730 And you know, whether it's paper Bitcoin or not, we'll see how 704 00:37:07,730 --> 00:37:10,130 this plays out. But I think it's just very 705 00:37:10,130 --> 00:37:12,930 interesting and it's kind of leaning on the idea that Dell 706 00:37:12,930 --> 00:37:15,930 was saying about earlier about his dad, like, you know, kind of 707 00:37:16,480 --> 00:37:20,520 putting their minds around how the having works And the the 708 00:37:20,520 --> 00:37:23,000 fact that we have the biggest institutions, the biggest asset 709 00:37:23,000 --> 00:37:25,080 managers in the world all embracing Bitcoin. 710 00:37:25,360 --> 00:37:30,520 I think it's all piling on to become a very amazing, amazing 711 00:37:30,520 --> 00:37:32,480 bull run for all of you guys that are stacking. 712 00:37:32,480 --> 00:37:35,400 Of course there is a contention and the concern about paper 713 00:37:35,400 --> 00:37:37,160 bitcoins and ETF's and all that stuff. 714 00:37:37,160 --> 00:37:39,320 Of course we're bitcoiners. We tell you to take Bitcoin into 715 00:37:39,320 --> 00:37:41,880 self custody. Anyways, the last point before I 716 00:37:41,880 --> 00:37:45,240 pass it over to Dell, it's just important to remember some of 717 00:37:45,240 --> 00:37:48,450 the dates that are coming up that are going to be very 718 00:37:48,450 --> 00:37:51,530 interesting and maybe maybe they won't affect a Bitcoin price 719 00:37:51,530 --> 00:37:54,450 because we're still kind of in this, like are we in a bail 720 00:37:54,450 --> 00:37:56,970 market, are we in a bull market? And you guys remember, you know, 721 00:37:56,970 --> 00:38:00,690 bear market, good news doesn't do anything for the price in a 722 00:38:00,690 --> 00:38:03,770 bull market, bad news doesn't do anything for the price and we're 723 00:38:03,770 --> 00:38:05,450 still in this kind of limbo right now. 724 00:38:05,450 --> 00:38:09,050 But anyways, some of the dates coming up that are going to be 725 00:38:09,050 --> 00:38:12,170 important obviously is September 2nd. 726 00:38:12,250 --> 00:38:16,350 So what's it then? Over the weekend we will be 727 00:38:16,350 --> 00:38:21,110 getting the first deadline for the BlackRock Bitcoin Trust and 728 00:38:21,110 --> 00:38:23,750 then moving out towards the year, There will be some more 729 00:38:23,750 --> 00:38:27,030 dates that we'll see. Will they approve the BlackRock 730 00:38:27,030 --> 00:38:29,550 ETF on the first deadline? I don't know. 731 00:38:29,550 --> 00:38:31,630 We shall see. People say that that's not going 732 00:38:31,630 --> 00:38:35,510 to happen again. Tinfoil hat Bitcoin is like, OK, 733 00:38:35,510 --> 00:38:38,790 the SEC is definitely going to approve BlackRock on the first 734 00:38:39,540 --> 00:38:42,180 headline date, but there's other smart bitcoiners out there that 735 00:38:42,180 --> 00:38:44,460 saying BlackRock won't get any special treatment. 736 00:38:44,700 --> 00:38:48,180 But we'll see coming up in the in a week or so we're gonna see 737 00:38:48,180 --> 00:38:50,220 what's happening. So I don't know, guys. 738 00:38:50,220 --> 00:38:54,820 All I'm saying is that BlackRock is getting a lot of exposure 739 00:38:55,370 --> 00:38:59,610 and, you know, maybe that gets your paranoid Bitcoin alarm 740 00:38:59,610 --> 00:39:02,050 going off. Maybe you're doubling down on 741 00:39:02,050 --> 00:39:05,690 the idea that Bitcoin is the the, you know, money of the 742 00:39:05,690 --> 00:39:08,930 system of the beast or whatever. You know, the world dystopian 743 00:39:08,930 --> 00:39:10,930 coin out there. One world government coin. 744 00:39:11,290 --> 00:39:17,330 Or is it simply what we all know to be the case that you come for 745 00:39:17,330 --> 00:39:19,330 the money, but you stay for the revolution? 746 00:39:19,330 --> 00:39:22,690 I think BlackRock is just seeing Fiat gains, which means, hey, 747 00:39:22,690 --> 00:39:26,550 the floodgates will open up into Bitcoin and you are here and you 748 00:39:26,550 --> 00:39:30,670 front ran BlackRock, you front ran Larry, Larry Fink, and now 749 00:39:30,670 --> 00:39:32,990 the whole world is starting to wake up to the idea that they 750 00:39:32,990 --> 00:39:36,710 might want to get some Bitcoin just in case it catches on. 751 00:39:36,950 --> 00:39:38,950 Anyways, Dale, what's your thoughts on all this news? 752 00:39:39,070 --> 00:39:39,550 What? What? 753 00:39:39,550 --> 00:39:42,230 What alarm bells were going off in your head as I was reading 754 00:39:42,230 --> 00:39:44,830 all that? The thing that always sticks out 755 00:39:44,830 --> 00:39:48,470 to me about any of this big I don't. 756 00:39:48,470 --> 00:39:51,070 What what do you call it, the big financial institutions, 757 00:39:51,070 --> 00:39:54,470 institutional talk, there we go talking about Bitcoin. 758 00:39:54,890 --> 00:39:56,090 Is that right there what it just said? 759 00:39:56,290 --> 00:40:00,250 They're talking about Bitcoin. I've had other people ask me, 760 00:40:00,250 --> 00:40:02,530 well, what about this thing? Oh, what about that was the 761 00:40:02,530 --> 00:40:04,690 cricket stocks? Oh, what about hair gels? 762 00:40:04,690 --> 00:40:07,290 Oh, what about nose hair tweezers? 763 00:40:07,290 --> 00:40:09,450 Like, no, they're not talking about those things. 764 00:40:09,530 --> 00:40:12,290 They're they're talking about Bitcoin, Bitcoin and only 765 00:40:12,290 --> 00:40:14,090 Bitcoin. They're not talking about this 766 00:40:14,090 --> 00:40:16,690 other. I don't even want to say some of 767 00:40:16,690 --> 00:40:18,730 the other names out there, but people like, what about this 768 00:40:18,730 --> 00:40:20,570 one? It's got this thing it can do. 769 00:40:20,970 --> 00:40:22,850 What about this one? It's got this thing that it can 770 00:40:22,850 --> 00:40:24,250 do. Black cross not talking about 771 00:40:24,250 --> 00:40:25,970 those. Not BlackRock is not talking 772 00:40:25,970 --> 00:40:28,250 about any of those at all whatsoever. 773 00:40:28,450 --> 00:40:31,970 I've not heard Larry Fink on any of the news channels that he's 774 00:40:31,970 --> 00:40:34,570 been on the legacy media things be up there and be like well I 775 00:40:34,570 --> 00:40:38,210 heard this 123 coin was got a frog on it is a good deal if 776 00:40:38,210 --> 00:40:39,930 BlackRock is sure is interested in that. 777 00:40:39,930 --> 00:40:42,570 No that's never happened. That will never happen. 778 00:40:42,690 --> 00:40:44,810 He doesn't give two craps about any of that garbage. 779 00:40:44,970 --> 00:40:47,410 Neither should you. If you want to go or and screw 780 00:40:47,410 --> 00:40:49,930 around because you like gambling, hey, you might want to 781 00:40:49,930 --> 00:40:52,090 call one of those hotlines that you see all over Vegas and get 782 00:40:52,090 --> 00:40:54,130 some help. But look, everybody's got their 783 00:40:54,130 --> 00:40:55,650 vices. People like to do things and if 784 00:40:55,650 --> 00:40:58,970 you are doing it for that reason, then be aware of why 785 00:40:58,970 --> 00:41:00,970 you're doing it. It's like people that go to 786 00:41:00,970 --> 00:41:03,330 Aikido. If you want to go to Aikido to 787 00:41:03,330 --> 00:41:06,210 hang out with your friends and you want to have a good time and 788 00:41:06,210 --> 00:41:09,090 have some camaraderie and do it for a club, that's fine. 789 00:41:09,090 --> 00:41:11,410 I've got no issues with that whatsoever. 790 00:41:11,530 --> 00:41:14,450 But do not go to Aikido and think that you're going to be 791 00:41:14,450 --> 00:41:16,410 able to do anything in an actual street fight. 792 00:41:16,450 --> 00:41:19,280 You will not. You will not Steven Seagal throw 793 00:41:19,280 --> 00:41:21,240 somebody to the ground because they just let it happen. 794 00:41:21,400 --> 00:41:23,320 That will not happen in the real world. 795 00:41:23,400 --> 00:41:26,880 Aikido is garbage, is not a real martial art, just as in the real 796 00:41:26,880 --> 00:41:28,880 world there's only some monies that work. 797 00:41:29,040 --> 00:41:31,080 Bitcoin is the best money that's ever existed. 798 00:41:31,240 --> 00:41:34,720 That is why you have places like Fidelity are Kathy Wood, 799 00:41:35,000 --> 00:41:37,960 BlackRock, etc, etc. Every day talking about these 800 00:41:37,960 --> 00:41:39,890 things. That's why they have Fox 801 00:41:39,890 --> 00:41:42,730 Business is it has a Natalie Brunel on seeming like a weekly 802 00:41:42,730 --> 00:41:44,970 basis these days to ask more about Bitcoin. 803 00:41:45,090 --> 00:41:46,970 Only Bitcoin. They're not asking about these 804 00:41:46,970 --> 00:41:48,210 other things. They don't care about those 805 00:41:48,210 --> 00:41:51,210 other things because there's only one thing that has true 806 00:41:51,210 --> 00:41:52,850 digital scarcity. You can only have digital 807 00:41:52,850 --> 00:41:54,490 scarcity once. Everything else is a copy of 808 00:41:54,490 --> 00:41:55,770 that. I don't care what anybody else 809 00:41:55,770 --> 00:41:57,570 says. Anything else that you have is 810 00:41:57,570 --> 00:42:01,210 just some sort of it's a joke. And if you talk about games, 811 00:42:01,330 --> 00:42:02,690 there's only one Magic The Gathering. 812 00:42:02,850 --> 00:42:04,810 Everything else pales in comparison. 813 00:42:05,120 --> 00:42:07,720 There are other games, yes, but when it comes to the market 814 00:42:07,720 --> 00:42:10,360 share of trading card games, there is one king in town, and 815 00:42:10,360 --> 00:42:12,600 it is undeniably Magic the Gathering. 816 00:42:12,680 --> 00:42:13,680 Period. End of story. 817 00:42:13,920 --> 00:42:16,160 When there's talk, when we're talking about monies, there's 818 00:42:16,160 --> 00:42:18,040 one king period. End of story. 819 00:42:18,120 --> 00:42:20,280 And that is why BlackRock is talking about these other 820 00:42:20,280 --> 00:42:22,040 things. They're not talking about build. 821 00:42:22,080 --> 00:42:24,560 Whoa, look at my new cup. I've got a fancy company. 822 00:42:24,560 --> 00:42:28,520 You can put $15 in it and I just put it on a frog's hat and then 823 00:42:28,560 --> 00:42:31,560 I will turn it into Nfg's and loan to go to the buy. 824 00:42:31,600 --> 00:42:37,030 And no, no, if you want to do that then have some fun, Okay, 825 00:42:37,150 --> 00:42:40,230 have at it. But that is not what anybody in 826 00:42:40,230 --> 00:42:41,990 the big leagues is talking about. 827 00:42:42,150 --> 00:42:44,830 And the best part about the big leagues, your fidelities, your 828 00:42:44,830 --> 00:42:47,790 exwise, whatever is talking about all these things is that 829 00:42:47,790 --> 00:42:51,270 it gets people hearing about Bitcoin and it puts them back in 830 00:42:51,270 --> 00:42:53,470 their head. I've got a little news clip, 831 00:42:53,670 --> 00:42:58,030 blip, blip here, coming up here in a second where another very 832 00:42:58,030 --> 00:43:00,990 large country has somebody else that's going to be talking about 833 00:43:00,990 --> 00:43:02,550 Bitcoin. You've got Argentina talking 834 00:43:02,550 --> 00:43:04,270 about it. You've got El Salvador, not a 835 00:43:04,270 --> 00:43:06,830 big country, but it the word is getting out there. 836 00:43:07,190 --> 00:43:10,830 The Overton window is shifting. People are seeing all around the 837 00:43:10,830 --> 00:43:14,430 world, even in the US where we have some of the strongest money 838 00:43:14,430 --> 00:43:17,200 in the world. Other places are pales in 839 00:43:17,200 --> 00:43:19,200 comparison. They know the effects of 840 00:43:19,200 --> 00:43:21,480 inflation. Argentina has defaulted on their 841 00:43:21,480 --> 00:43:23,880 debt something like 9 times in the last 30 odd years. 842 00:43:24,040 --> 00:43:25,720 They know exactly what that feels like. 843 00:43:26,640 --> 00:43:29,480 I was reading an article about a family that's trying to decide 844 00:43:29,600 --> 00:43:32,080 do they go to this event or do they buy the food that they 845 00:43:32,080 --> 00:43:34,160 right now? Because if their money is is 846 00:43:34,840 --> 00:43:37,600 rotting in their hands as as they speak, every time they get 847 00:43:37,600 --> 00:43:39,440 a paycheck they have to spend it immediately. 848 00:43:39,560 --> 00:43:43,280 We don't feel that quite that to that degree in the US it it's 849 00:43:43,600 --> 00:43:45,320 it's more frog in the boiling pan. 850 00:43:45,400 --> 00:43:47,720 We noticed it over years, months in time. 851 00:43:47,720 --> 00:43:50,400 But I have every almost every day that I work at my feet at 852 00:43:50,400 --> 00:43:52,640 mind job. I have somebody say boy, I 853 00:43:52,640 --> 00:43:55,600 should sure have gone up boy I remember when that was half as 854 00:43:55,600 --> 00:43:57,560 much just a year ago. What the heck happened? 855 00:43:57,840 --> 00:44:02,320 And people are starting to be aware that there is a cancer in 856 00:44:02,320 --> 00:44:04,920 the system. There is a deep systemic 857 00:44:05,160 --> 00:44:09,080 problem, and sooner or later people start looking for a 858 00:44:09,080 --> 00:44:11,590 solution. You can go on limping along on 859 00:44:11,590 --> 00:44:14,030 your rotten foot for a while, but at a certain point, when the 860 00:44:14,030 --> 00:44:17,510 foot falls, off you go, boy, this is a problem. 861 00:44:17,750 --> 00:44:19,750 If I want to be able to walk, I'm going to have to be able to 862 00:44:19,750 --> 00:44:22,710 do something about this. I need to fix this problem. 863 00:44:22,950 --> 00:44:26,470 And sooner or later people are going to realize the Bitcoin is 864 00:44:26,470 --> 00:44:29,950 the fix to that problem. There's just there's no way to 865 00:44:30,190 --> 00:44:33,830 to to not see it. Couldn't agree more and and you 866 00:44:33,830 --> 00:44:36,070 said it, you said it best and we say it all the time and the 867 00:44:36,070 --> 00:44:38,630 Overton window is it has obviously shift. 868 00:44:39,150 --> 00:44:42,910 But I think few people understand like how slow you 869 00:44:42,910 --> 00:44:46,390 have to inch over to the Overton window, cuz if you move too 870 00:44:46,390 --> 00:44:49,350 quickly things break. And I know we get impatient. 871 00:44:49,750 --> 00:44:53,190 And also the frogs and boiling water meme like you. 872 00:44:53,190 --> 00:44:56,190 You can't tell in real time how the Overton window has shifted, 873 00:44:56,190 --> 00:45:00,070 but it very obviously has shifted and we're here for this 874 00:45:00,070 --> 00:45:01,550 man. This next bull runs gonna be lit 875 00:45:01,750 --> 00:45:02,830 anyways. Let's get into the culture, 876 00:45:02,830 --> 00:45:07,670 guys. The Daily Culture. 877 00:45:08,590 --> 00:45:12,590 Brought to you by Swan bitcoin.com Swan is the best way 878 00:45:12,590 --> 00:45:15,870 to build your Bitcoin stack with automated Bitcoin savings plans 879 00:45:15,910 --> 00:45:20,670 and instant purchases serving clients of any size from $10 to 880 00:45:20,670 --> 00:45:23,350 $10 million. We love Swan because they 881 00:45:23,350 --> 00:45:26,950 incentivize self custody and dollar cost averaging. 882 00:45:26,990 --> 00:45:30,670 What are you waiting for? Visit swanbitcoin.com. 883 00:45:32,040 --> 00:45:35,400 Before moving forward though, guys, we are going to be at 884 00:45:35,400 --> 00:45:38,000 Pacific Bitcoin this conference. So hey, if you're on the West 885 00:45:38,000 --> 00:45:41,080 Coast of the United States and you're not in Europe, make it to 886 00:45:41,080 --> 00:45:44,160 the Pacific Bitcoin Festival October 5th through the 6th in 887 00:45:44,240 --> 00:45:46,890 sunny LA. In California, yes. 888 00:45:46,890 --> 00:45:49,770 Yes, I know you guys don't like California, but LA is beautiful. 889 00:45:49,770 --> 00:45:51,130 In October. There's gonna be fun. 890 00:45:51,130 --> 00:45:54,610 Last year, this conference, well, sorry, festival was super 891 00:45:54,610 --> 00:45:56,290 lit. I think they're going to do an 892 00:45:56,290 --> 00:45:58,370 even bigger and better job this year. 893 00:45:58,370 --> 00:46:00,730 So definitely get yourself a ticket here. 894 00:46:00,730 --> 00:46:02,890 We want to see you. We will be there. 895 00:46:03,250 --> 00:46:07,090 And of course, the ticket prices will probably increase. 896 00:46:07,090 --> 00:46:10,370 So get yourself a general admission for $600, a VIP ticket 897 00:46:10,370 --> 00:46:17,030 for $2900 and we will be in. LA October 5th through the 6th 898 00:46:17,550 --> 00:46:19,990 and sunny LA. Anyways, Dell, the floor is all 899 00:46:19,990 --> 00:46:21,270 yours. What are we talking about today, 900 00:46:21,270 --> 00:46:23,790 bro? Real quick, before I get into 901 00:46:23,790 --> 00:46:26,990 the news, I'm excited to announce the secret speaker that 902 00:46:26,990 --> 00:46:28,990 nobody has announced. We're going to break the news on 903 00:46:28,990 --> 00:46:31,510 Wednesday. Yes. 904 00:46:31,710 --> 00:46:33,950 Yeah, there. Huge breaking news. 905 00:46:33,990 --> 00:46:36,990 Big of true big big big big. Oh, it's true. 906 00:46:37,470 --> 00:46:41,510 Well, OK, it's not 100% confirmed, but it's like 98 907 00:46:41,510 --> 00:46:46,790 percent, 98.72%. OK, so in the news I got a 908 00:46:46,790 --> 00:46:51,590 preface this story because there there are certain parts of it 909 00:46:51,590 --> 00:46:54,550 that I'm not going to touch on because people are probably 910 00:46:54,550 --> 00:46:57,110 going to have strong opinions one way or another. 911 00:46:57,270 --> 00:47:00,230 So I'm going to just touch on some of the facts here and not 912 00:47:00,230 --> 00:47:02,990 so much the reason behind the facts. 913 00:47:03,270 --> 00:47:06,750 So here we go. Viktor Orban, no tax for 914 00:47:06,750 --> 00:47:08,430 Hungarian woman with four or more children. 915 00:47:08,430 --> 00:47:10,670 Now we need to go over to this real quick. 916 00:47:10,670 --> 00:47:14,450 Here, this top 20 countries with the fastest population declined 917 00:47:14,450 --> 00:47:18,250 by 2020 or from 2020 to 2050. And Hungary is right up there at 918 00:47:18,250 --> 00:47:21,090 #14. So between over the next 30 odd 919 00:47:21,090 --> 00:47:25,730 years, they're going to see a population decline of 12.3%. 920 00:47:25,730 --> 00:47:27,810 That is massive. It's nowhere near what Bulgaria 921 00:47:27,810 --> 00:47:30,490 is going to experience, 22.5, but it's still pretty 922 00:47:30,490 --> 00:47:33,130 significant. So here Viktor Orban is telling 923 00:47:33,130 --> 00:47:35,930 women, hey, if you have children, to help the population 924 00:47:35,930 --> 00:47:37,250 issue. I'm not going to get into 925 00:47:37,410 --> 00:47:39,810 necessarily why he's saying that, but this is a fact here. 926 00:47:40,090 --> 00:47:42,120 You're going to get a tax break, Hungarians. 927 00:47:42,120 --> 00:47:46,320 But Hungary's populist Prime Minister Viktor Orban has 928 00:47:46,320 --> 00:47:49,720 promised that women who have four or more children will never 929 00:47:49,720 --> 00:47:53,440 pay income tax again and move aimed at boosting the country's 930 00:47:53,440 --> 00:47:56,120 population. Scroll down a little bit here. 931 00:47:56,480 --> 00:47:59,840 Demographic decline is a problem in many societies in Central and 932 00:47:59,840 --> 00:48:01,320 Eastern Europe, as we can see right here. 933 00:48:01,320 --> 00:48:04,400 Yeah, Bulgaria, Lithuania, Latvia, Croatia, all over the 934 00:48:04,400 --> 00:48:06,920 place here, Albania, I mean huge, huge populations of 935 00:48:06,920 --> 00:48:09,800 crimes, all of them over double digits. 936 00:48:10,980 --> 00:48:12,380 Romani. Bulgaria in the last eight years 937 00:48:12,380 --> 00:48:16,940 has seen their ascension to the EU for higher salaries in 938 00:48:16,940 --> 00:48:18,900 Western Europe. This combined with a low birth 939 00:48:18,900 --> 00:48:22,220 rates has contributed to shrinking populations and fueled 940 00:48:22,420 --> 00:48:25,100 fears of dying communities across the region. 941 00:48:25,100 --> 00:48:27,900 Yeah, if you don't have people coming and being born, then 942 00:48:27,900 --> 00:48:30,820 they're you're going to cease to exist as a people. 943 00:48:31,140 --> 00:48:33,300 Norman has declared the main focus of his current term in 944 00:48:33,860 --> 00:48:36,700 office to be the demographic situation, and his government 945 00:48:36,700 --> 00:48:40,040 launched a public consultation last year, mailing 946 00:48:40,040 --> 00:48:43,520 questionnaires with a number of leading questions about my 947 00:48:43,800 --> 00:48:47,280 migration and family policy to every Hungarian household. 948 00:48:47,600 --> 00:48:50,240 On Sunday, he announced the number of measures to support 949 00:48:50,240 --> 00:48:54,040 larger families, in addition to the lifetime income tax break 950 00:48:54,040 --> 00:48:56,080 for women with more than four children. 951 00:48:56,440 --> 00:48:59,120 We also promised favorable mortgage terms for families with 952 00:48:59,120 --> 00:49:02,200 multiple children, support for families with three or more 953 00:49:02,200 --> 00:49:05,000 children to buy a car, and increased funding for daycare 954 00:49:05,000 --> 00:49:08,200 centers and kindergartens. And the thing that really stood 955 00:49:08,200 --> 00:49:12,690 out to me here is how once again, the topic of money is 956 00:49:12,690 --> 00:49:15,130 coming up and how to change incentives. 957 00:49:15,130 --> 00:49:17,690 And this is 1 area that we're seeing it. 958 00:49:17,890 --> 00:49:20,970 He wants to increase the population of Hungarian people 959 00:49:21,130 --> 00:49:22,610 by encouraging women to have children. 960 00:49:22,610 --> 00:49:25,690 That's the best way to get babies, is to encourage women to 961 00:49:25,690 --> 00:49:27,450 have children. And if you can give them a tax 962 00:49:27,450 --> 00:49:30,290 break to do as much, then who knows what'll what'll come of 963 00:49:30,290 --> 00:49:31,570 that? I will be. 964 00:49:32,560 --> 00:49:34,680 It'll be interesting. I am interested to see what 965 00:49:34,680 --> 00:49:37,560 comes of other countries doing similar things, offering tax 966 00:49:37,560 --> 00:49:40,600 breaks, doing different things to get to to incentivize their 967 00:49:40,600 --> 00:49:42,640 populations to do different things. 968 00:49:42,840 --> 00:49:45,480 Now, that other bit of news that I touched on here, I don't know 969 00:49:45,640 --> 00:49:49,120 how much of a chance this woman has of winning this race. 970 00:49:49,120 --> 00:49:52,720 But here, if we look right here, after proposing to make Bitcoin 971 00:49:52,720 --> 00:49:55,880 legal, Tinder in Mexico, Senator Indra Kempas, who we've heard 972 00:49:55,880 --> 00:49:59,800 about a few times here, is now running for president in 2024. 973 00:50:00,200 --> 00:50:02,120 Pro Bitcoin candidate won our Gina. 974 00:50:02,640 --> 00:50:04,400 They're talking about Javier Miley. 975 00:50:04,400 --> 00:50:07,600 They're pro Bitcoin candidate won Argentina's presidential 976 00:50:07,600 --> 00:50:09,840 primary elections. Now pro Bitcoin candidate 977 00:50:09,840 --> 00:50:11,840 running for president in Mexico. Notice it. 978 00:50:11,960 --> 00:50:14,440 Notice a trend? Yeah, we are noticing A trend. 979 00:50:14,600 --> 00:50:16,360 This is what we were just talking about with BlackRock. 980 00:50:16,560 --> 00:50:19,040 These are all, all of these individuals. 981 00:50:19,080 --> 00:50:21,880 Argentina. Javier Miley is talking about 982 00:50:21,880 --> 00:50:26,090 Bitcoin here. Indira Kempus probably pitching 983 00:50:26,090 --> 00:50:28,530 that name, but Indira Kempus is talking about Bitcoin trying to 984 00:50:28,530 --> 00:50:32,450 make it legal tender in Mexico. These are huge, huge things 985 00:50:32,650 --> 00:50:35,010 where we're the what is the population of Mexico? 986 00:50:35,010 --> 00:50:39,610 It's millions of people. I think it's far larger than of 987 00:50:39,610 --> 00:50:44,530 the US that's that's for sure. Population of Mexico. 988 00:50:44,850 --> 00:50:48,890 The point that there's 1.2 million, I'm sorry, not one 989 00:50:48,890 --> 00:50:51,610 point 226 million. So it is, it is less than the US 990 00:50:52,160 --> 00:50:54,840 but the thing that is, is so significant about these 991 00:50:54,840 --> 00:50:59,280 individuals getting on stage and talking about Bitcoin is that 992 00:50:59,280 --> 00:51:02,360 they're bringing the awareness of Bitcoin to people. 993 00:51:02,600 --> 00:51:07,400 If you get on stage and you talk to half that because the half 994 00:51:07,400 --> 00:51:10,240 the population pays attention to you, that's 60 odd million 995 00:51:10,240 --> 00:51:13,400 people that go, huh, they have the that that inception, they 996 00:51:13,400 --> 00:51:17,440 have the the ear bug of Bitcoin in their head now and they hear 997 00:51:17,440 --> 00:51:19,160 about it now. Now they're a little bit more 998 00:51:19,160 --> 00:51:22,970 aware of it, and it kind of causes this blue car syndrome 999 00:51:22,970 --> 00:51:25,290 where now that you've heard about Bitcoin, it's going to 1000 00:51:25,290 --> 00:51:27,570 stand out a little bit more when your friend mentions into you. 1001 00:51:27,850 --> 00:51:30,770 And then if that Indra campus says a few things that you like, 1002 00:51:30,770 --> 00:51:32,170 you go, boy, that makes a lot of sense, Yeah. 1003 00:51:32,170 --> 00:51:35,650 Why do we have a, a central bank that is printing money and has 1004 00:51:35,650 --> 00:51:38,650 the legal right to counterfeit money when I have to go and work 1005 00:51:38,650 --> 00:51:40,050 for it? Yeah, that doesn't make a whole 1006 00:51:40,050 --> 00:51:42,250 lot of sense. Why are so many family members 1007 00:51:42,250 --> 00:51:45,050 and people that I know trying to go to the US where they do have 1008 00:51:45,090 --> 00:51:49,050 a a lower rate of inflation there. 1009 00:51:49,090 --> 00:51:51,410 I I mean I remember back in the day I don't know what it's it's 1010 00:51:51,410 --> 00:51:52,970 like now. But back when I was a kid I 1011 00:51:52,970 --> 00:51:56,090 remember people kind of jokingly talking about the pesos and how 1012 00:51:56,290 --> 00:51:59,410 you could get I don't know what it was but hundreds or thousands 1013 00:51:59,410 --> 00:52:02,810 of pesos for for a few dollars. And I'm I'm thinking how, how 1014 00:52:02,810 --> 00:52:04,650 does that how, how does that make sense? 1015 00:52:04,650 --> 00:52:07,090 How how do people afford to do anything there? 1016 00:52:07,090 --> 00:52:09,650 Or I or thinking that I'd be a a millionaire if I went down to 1017 00:52:09,650 --> 00:52:11,850 Mexico when I was a kid or something with a few bucks. 1018 00:52:12,130 --> 00:52:16,580 But it all that happens when you have a whole bunch of pesos or 1019 00:52:16,580 --> 00:52:18,380 millions of them is the things just cost more. 1020 00:52:18,380 --> 00:52:22,500 You just it's not that you can go down to Mexico and buy a home 1021 00:52:22,500 --> 00:52:24,300 for $3. No, you just have to have 1022 00:52:24,300 --> 00:52:26,820 millions or millions of pesos or whatever it is these days. 1023 00:52:27,620 --> 00:52:31,700 So if you've got somebody that is pro Bitcoin, you do, we do in 1024 00:52:31,700 --> 00:52:35,220 Deer campus talking about Bitcoin to a population of over 1025 00:52:35,220 --> 00:52:39,820 100 million people, then the word of Bitcoin is just going to 1026 00:52:39,820 --> 00:52:42,980 get out there more and more and it is getting out there more and 1027 00:52:42,980 --> 00:52:45,690 more. I have no idea what this does 1028 00:52:45,690 --> 00:52:47,210 for the price. And that's one thing that a lot 1029 00:52:47,210 --> 00:52:50,290 of people think about when they hear about Bitcoin being talked 1030 00:52:50,290 --> 00:52:51,610 about, oh, this is so good for the price. 1031 00:52:51,610 --> 00:52:53,730 Oh, this is so good for the price for my local Fiat 1032 00:52:53,730 --> 00:52:56,570 currency. What does it matter what it what 1033 00:52:56,570 --> 00:52:59,210 good it is for the price of the local Fiat currency when the 1034 00:52:59,210 --> 00:53:02,090 Fiat currency can be printed into based into oblivion? 1035 00:53:02,290 --> 00:53:04,330 That is what we're constantly talking about. 1036 00:53:05,330 --> 00:53:10,450 If the price of Bitcoin goes to $5,000,000, who cares Because 1037 00:53:10,450 --> 00:53:13,290 you're not ideally, you're not selling your Bitcoin. 1038 00:53:13,410 --> 00:53:15,290 I mean, you can, I'm, I'm not going to tell you what to do 1039 00:53:15,290 --> 00:53:17,490 with your money. This is not financial by by any 1040 00:53:17,490 --> 00:53:20,650 means. But if homes go from let's say 1041 00:53:20,650 --> 00:53:24,370 500,000, half $1,000,000 on average, or a million, whatever 1042 00:53:24,370 --> 00:53:27,530 it is in the US on average, depending on where you're 1043 00:53:27,530 --> 00:53:30,570 looking, obviously. What does it matter if if you're 1044 00:53:30,570 --> 00:53:35,370 making $300,000 an hour, when when hyperinflation has happened 1045 00:53:35,370 --> 00:53:41,190 in in a burger cost $10,000 or now to get it fill up your tank 1046 00:53:41,190 --> 00:53:44,270 of gas, it costs $100,000 because it's been inflated 1047 00:53:44,270 --> 00:53:48,070 inflated into oblivion. It's so the price in Fiat really 1048 00:53:48,230 --> 00:53:49,910 doesn't matter. It's it. 1049 00:53:49,910 --> 00:53:54,350 I guess it's an interesting anecdote it's it's kind of a a 1050 00:53:54,350 --> 00:53:59,150 fun little factoid but the only the only reason that the price 1051 00:53:59,150 --> 00:54:02,670 in Fiat matters is how much you're getting in Fiat dollars 1052 00:54:02,670 --> 00:54:05,030 right now from your Fiat mind jobs, which many of us have. 1053 00:54:05,030 --> 00:54:08,720 Not all of us, but many of us have if you if you can transfer 1054 00:54:08,720 --> 00:54:12,000 some of that and you can into Bitcoin, how much Bitcoin can 1055 00:54:12,000 --> 00:54:13,880 you get for those Fiat dollars currently? 1056 00:54:13,920 --> 00:54:16,960 Because that price, that difference is just going to 1057 00:54:16,960 --> 00:54:19,400 decrease over and over and over and it has decreased. 1058 00:54:19,560 --> 00:54:23,280 I mean you could get millions, hundreds of millions of 1059 00:54:23,280 --> 00:54:27,960 satoshi's back years and years ago for a few bucks, but now you 1060 00:54:27,960 --> 00:54:29,320 can't. You can get 1000. 1061 00:54:29,440 --> 00:54:33,080 Can you imagine what it would have been like back in 2000 and 1062 00:54:33,390 --> 00:54:38,070 say 1112 where you could have for 20 bucks get today what cost 1063 00:54:38,070 --> 00:54:40,670 you 10s of or hundreds of thousands of dollars. 1064 00:54:40,990 --> 00:54:42,590 But that's just going to keep on happening. 1065 00:54:42,830 --> 00:54:44,950 The problem is that so many people see the price now and 1066 00:54:44,950 --> 00:54:47,350 like, oh I missed out, they look back in time. 1067 00:54:47,470 --> 00:54:50,550 Oh, it's like the the there's some name for it but it's like 1068 00:54:50,550 --> 00:54:54,400 the the, the lottery syndrome where you go, boy, if I win the 1069 00:54:54,400 --> 00:54:56,520 the the the lottery, I could do all this stuff. 1070 00:54:56,640 --> 00:55:01,320 You look back in time, you go, boy, if if only I put $1000 into 1071 00:55:01,320 --> 00:55:03,000 Amazon back when they first got started. 1072 00:55:03,000 --> 00:55:05,080 I'd be whatever an air right now. 1073 00:55:05,080 --> 00:55:08,640 I'd have so much money if I if I could go back in time I'd buy so 1074 00:55:08,640 --> 00:55:12,120 many Apple stocks and I put money into NVIDIA and I do this. 1075 00:55:12,120 --> 00:55:13,520 Why? Why? 1076 00:55:13,520 --> 00:55:16,640 So that you can sell it for more of that garbage that is just 1077 00:55:16,640 --> 00:55:19,280 going to go down in price. That's, that's what people seem 1078 00:55:19,280 --> 00:55:23,380 to to fail to understand is that the money that you're so 1079 00:55:23,380 --> 00:55:26,620 coveting is trash. It is trash. 1080 00:55:26,620 --> 00:55:28,900 It's just being made on a daily basis. 1081 00:55:28,900 --> 00:55:31,980 It's like throwing rocks into the ocean to be turned into 1082 00:55:31,980 --> 00:55:33,980 sand. And like, boy, one day I'm going 1083 00:55:33,980 --> 00:55:36,660 to get so much sand from that rock, We'll look all around you. 1084 00:55:36,820 --> 00:55:38,980 There's unlimited amounts of sand on the beach right now. 1085 00:55:39,100 --> 00:55:41,260 What are you so excited about that rock turning into sand? 1086 00:55:41,340 --> 00:55:43,580 When you get as much of it as you want, who cares? 1087 00:55:43,660 --> 00:55:45,060 It's sand. It's trash. 1088 00:55:45,180 --> 00:55:48,150 It's not worth anything. It's only worth what the other 1089 00:55:48,150 --> 00:55:50,630 people say it's worth. Whereas Bitcoin is going to be 1090 00:55:50,830 --> 00:55:52,470 what it is. It can't. 1091 00:55:52,470 --> 00:55:55,910 It doesn't change. But if you could buy huge swaths 1092 00:55:55,910 --> 00:55:58,910 of land and use that and transact with it and put it into 1093 00:55:58,910 --> 00:56:00,950 your wallet and use that as money, that'd be a really great 1094 00:56:00,950 --> 00:56:02,670 idea. But we don't know how to do 1095 00:56:02,670 --> 00:56:04,510 that. There's no way to put land, 1096 00:56:04,590 --> 00:56:08,150 which there is a finite amount of into our wallets, actually 1097 00:56:08,150 --> 00:56:09,710 carry around in our back pocket and walk. 1098 00:56:09,790 --> 00:56:13,470 I'm going to give you 3 acres of this parcel in Arizona and I 1099 00:56:13,470 --> 00:56:15,190 also have some sections in Montana. 1100 00:56:15,310 --> 00:56:19,120 You can't do that, but you can do something that is somewhat 1101 00:56:19,120 --> 00:56:23,560 similar with Bitcoin. So to wrap this up, I think the 1102 00:56:23,600 --> 00:56:26,440 point of more and more people understanding how money works 1103 00:56:26,440 --> 00:56:29,640 and what it is is just going to get more and more simplified. 1104 00:56:29,640 --> 00:56:31,960 I've got a video coming out here later on this week. 1105 00:56:32,120 --> 00:56:35,600 I'm talking about proof of work, describing it with monkeys, with 1106 00:56:35,600 --> 00:56:37,480 typewriters. Then if you can understand a 1107 00:56:37,480 --> 00:56:43,720 monkey eats bananas and you can understand a typewriter, it's a 1108 00:56:43,720 --> 00:56:47,240 mechanical machine. If you get words then you can 1109 00:56:47,240 --> 00:56:49,520 understand proof of work. If you can't understand monkeys 1110 00:56:49,520 --> 00:56:55,280 and typewriters, you know then I don't even know what to tell 1111 00:56:55,280 --> 00:56:59,080 you. I seriously best of luck. 1112 00:56:59,920 --> 00:57:01,560 It's going to get. It's going to be rough out 1113 00:57:01,560 --> 00:57:03,640 there. It's it's like that that that 1114 00:57:03,640 --> 00:57:07,640 line in the in the Professional where Jean Reneau tells Natalie 1115 00:57:07,640 --> 00:57:10,960 Portman she says does life get easier And he goes don't like 1116 00:57:11,000 --> 00:57:14,470 it's harder just gets worse. So if you can't understand 1117 00:57:14,670 --> 00:57:17,310 monkeys and typewriters it just gets worse from here friend. 1118 00:57:17,430 --> 00:57:22,670 It's it's just. It's well, well, well before 1119 00:57:22,710 --> 00:57:26,030 before I get my take on this, uh, I absolutely love Dell's 1120 00:57:26,030 --> 00:57:29,110 storytelling in the Voices. It adds a whole new dynamic to 1121 00:57:29,110 --> 00:57:31,910 the show. But anyways, guys give us three 1122 00:57:31,910 --> 00:57:35,270 more likes so we can hit that 100 likes before the first hour. 1123 00:57:35,510 --> 00:57:38,870 And I think our streak will continue for like the last 1124 00:57:38,870 --> 00:57:40,150 month. So I see you guys. 1125 00:57:40,150 --> 00:57:42,150 We're almost there, shouts out to everyone in the chat. 1126 00:57:42,230 --> 00:57:45,150 That as well, that is pushing that, but OK, let's get into 1127 00:57:45,150 --> 00:57:47,470 this. I mean in the beginning you 1128 00:57:47,470 --> 00:57:50,230 covered that story of it, I believe you said in Hungary. 1129 00:57:50,270 --> 00:57:54,750 But it just continues to expose the idea that we tell you guys 1130 00:57:54,750 --> 00:57:58,110 constantly Fiat's incentives are broken. 1131 00:57:58,270 --> 00:58:02,910 The Fiat system has a way to incentivize you to do the worst 1132 00:58:02,910 --> 00:58:05,150 things, even though here like it's kind of a good thing, like, 1133 00:58:05,150 --> 00:58:08,390 you know what, we're going to kind of separate the two, but. 1134 00:58:08,770 --> 00:58:11,570 I say all that to basically say that the Bitcoin's incentives 1135 00:58:11,650 --> 00:58:15,450 are broken. They they constantly show that 1136 00:58:15,450 --> 00:58:19,050 they incentivize you to not only improve your life, but by you 1137 00:58:19,050 --> 00:58:22,090 improving your life. A selfish need of you self. 1138 00:58:22,210 --> 00:58:27,450 No what what do I always say? It's enlightened self-interest, 1139 00:58:28,130 --> 00:58:30,890 incentives of helping your life get better. 1140 00:58:31,660 --> 00:58:34,420 It helps everything else by just by default. 1141 00:58:34,420 --> 00:58:37,060 And this is, this is the way moving forward guys, you need to 1142 00:58:37,060 --> 00:58:39,460 have some capital, you need to have some savings, and Bitcoin 1143 00:58:39,460 --> 00:58:42,620 incentivizes this so that you know you don't need these tax 1144 00:58:42,620 --> 00:58:44,700 breaks. If you have a family, you have 1145 00:58:44,940 --> 00:58:48,180 good financial planning and you know, I know it's hard for 1146 00:58:48,180 --> 00:58:50,860 everyone. I was, I was, I still probably 1147 00:58:50,860 --> 00:58:53,060 am bad with Fiat money. But when it comes to Bitcoin, 1148 00:58:53,500 --> 00:58:56,420 it's it's a lot more. I know it's easily saveable 1149 00:58:56,420 --> 00:58:59,100 anyways, but guys, one thing's clear. 1150 00:58:59,890 --> 00:59:01,930 Money is a topic of contention around the world. 1151 00:59:01,930 --> 00:59:03,970 People are feeling the pain and people are looking for 1152 00:59:03,970 --> 00:59:06,010 solutions. And this is what I say all the 1153 00:59:06,010 --> 00:59:08,010 time. Most of the world knows the 1154 00:59:08,010 --> 00:59:10,850 problem. I think everyone can talk about 1155 00:59:10,850 --> 00:59:13,250 what the problems are, but few people know what the solutions 1156 00:59:13,250 --> 00:59:14,610 are. And of course we started this 1157 00:59:14,610 --> 00:59:17,370 with Jackson Hole in Wyoming and the central bankers talking 1158 00:59:17,370 --> 00:59:19,290 about their solutions to fix the problems. 1159 00:59:19,850 --> 00:59:22,090 Those solutions don't work. What's Nico? 1160 00:59:22,090 --> 00:59:24,530 We say there is no political solution for this. 1161 00:59:25,080 --> 00:59:27,760 And hey, I don't know about you, but banking is probably one of 1162 00:59:27,760 --> 00:59:29,520 the most political classes out there. 1163 00:59:29,520 --> 00:59:33,200 Guys, it's all politics. This is why I know we get a lot 1164 00:59:33,200 --> 00:59:35,640 of Flack here on the channel because they say like, oh, you 1165 00:59:35,640 --> 00:59:37,040 guys talk about politics too much. 1166 00:59:37,080 --> 00:59:39,200 Bitcoin breaks politics. You know, politics are 1167 00:59:39,200 --> 00:59:40,480 irrelevant in regards to Bitcoin. 1168 00:59:40,720 --> 00:59:42,720 I fully agree. But at the very end of the day. 1169 00:59:43,290 --> 00:59:47,050 There will be politics moving forward from here until probably 1170 00:59:47,050 --> 00:59:48,810 the end of time. Politics is just a way to 1171 00:59:48,810 --> 00:59:51,770 organize humans, and I think there will always be politics, 1172 00:59:51,770 --> 00:59:54,330 even if it's just on an interrelational level between 1173 00:59:54,530 --> 00:59:56,530 you and the people that you interact with. 1174 00:59:56,850 --> 00:59:58,970 But anyways, I think the point remains the same. 1175 00:59:59,290 --> 01:00:02,290 And I I I always butcher her name. 1176 01:00:02,450 --> 01:00:03,330 What? What's her name? 1177 01:00:03,330 --> 01:00:06,230 Indra. Indira campus. 1178 01:00:06,430 --> 01:00:09,150 Indira Campus and you're You're Latin? 1179 01:00:09,150 --> 01:00:11,990 I thought you could. Did my I I can't roll my arms. 1180 01:00:11,990 --> 01:00:15,030 I'm a pretty bad Latino. But you know, just because I'm 1181 01:00:15,030 --> 01:00:16,990 born there. I'm an American, bro. 1182 01:00:16,990 --> 01:00:19,830 Listen to my accent. You know I was born in Mexico. 1183 01:00:19,830 --> 01:00:21,430 But no, I didn't. I'm. 1184 01:00:21,430 --> 01:00:26,150 I'm trolling anyways. The point is, is that the 1185 01:00:26,150 --> 01:00:30,430 Bitcoin signal is spreading. And as the Bitcoin hope signal 1186 01:00:30,430 --> 01:00:34,110 spreads, more people are looking for solutions. 1187 01:00:34,110 --> 01:00:37,470 Again, we all know what the problem is, and as you guys out 1188 01:00:37,470 --> 01:00:39,870 there live a better life, people will look to you and ask 1189 01:00:39,870 --> 01:00:41,550 themselves, how are they living so good? 1190 01:00:41,550 --> 01:00:44,590 How are they so hopeful? How come they aren't struggling 1191 01:00:44,590 --> 01:00:46,590 like the rest of us? And it's because you've opted 1192 01:00:46,630 --> 01:00:49,030 out of the Fiat games and you hold Bitcoin and you've 1193 01:00:49,070 --> 01:00:52,350 unplugged from the Fiat system. And then, once you build on the 1194 01:00:52,350 --> 01:00:56,190 Bitcoin standard, once you save in Bitcoin, your life improves. 1195 01:00:56,540 --> 01:01:01,540 And you're seeing that Indira as well as Melee in Argentina. 1196 01:01:01,780 --> 01:01:04,940 And I think we heard some grumblings about this same thing 1197 01:01:04,940 --> 01:01:07,980 happening in Guatemala. We're seeing that Latin America 1198 01:01:08,020 --> 01:01:11,900 is looking to change things up. They understand what we 1199 01:01:11,900 --> 01:01:14,460 understand. The I MF is a racket and the 1200 01:01:14,460 --> 01:01:18,220 Bukelle Effect is in real time happening around the world. 1201 01:01:18,220 --> 01:01:20,420 And people are looking to El Salvador, and they're wondering, 1202 01:01:20,780 --> 01:01:22,690 wait. I can get myself out of the debt 1203 01:01:22,690 --> 01:01:24,530 as well. Wait, what's going on here? 1204 01:01:24,690 --> 01:01:28,570 I don't have to take the IMF debt so that I can continue to 1205 01:01:28,570 --> 01:01:30,690 build infrastructure in my country. 1206 01:01:30,850 --> 01:01:32,370 Like, wait, what is actually happening? 1207 01:01:32,370 --> 01:01:36,210 And Bukelle continues to prove to Latin American worlds, to 1208 01:01:36,210 --> 01:01:39,410 third world countries around the world, that, hey, if you add 1209 01:01:39,410 --> 01:01:41,210 some Bitcoin to your balance sheet. 1210 01:01:41,840 --> 01:01:44,480 Your life might improve. And again, this next bull run is 1211 01:01:44,480 --> 01:01:47,080 going to vindicate not only Michael Saylor on the corporate 1212 01:01:47,280 --> 01:01:49,920 level, but Bukelle on the nation state level. 1213 01:01:49,920 --> 01:01:53,160 And more and more people are stacking and going to stack 1214 01:01:53,160 --> 01:01:55,520 Bitcoin. And it really is going to be 1215 01:01:55,520 --> 01:01:58,840 beautiful to see countries you know, like like my whole nation 1216 01:01:58,840 --> 01:02:03,080 or my my, my the motherland, my birth nation of Mexico. 1217 01:02:03,080 --> 01:02:05,480 To get on the Bitcoin standard. I know my mother would be pretty 1218 01:02:05,480 --> 01:02:07,000 proud. But hey, I'm an American. 1219 01:02:07,000 --> 01:02:09,680 Listen to this accent, you you already know I am America first. 1220 01:02:09,680 --> 01:02:13,020 I love America, but. You are The Walking billboard 1221 01:02:13,020 --> 01:02:16,420 for the Bitcoin revolution. Hence why corporate press is so 1222 01:02:16,420 --> 01:02:20,460 negative towards whether Buchele and El Salvador, whether it's 1223 01:02:20,460 --> 01:02:23,660 sailor on the corporate level, whether it's just calling every 1224 01:02:23,660 --> 01:02:26,140 single one of us criminals because we want to save in 1225 01:02:26,140 --> 01:02:27,700 something that doesn't steal from us. 1226 01:02:28,060 --> 01:02:31,740 It's incredible that they are gaslighting the average person 1227 01:02:31,740 --> 01:02:34,860 out there, but this is where it's an opportunity for us to 1228 01:02:34,860 --> 01:02:37,660 show up every single day, to have these conversations on 1229 01:02:37,660 --> 01:02:40,060 YouTube, build a place for people to. 1230 01:02:40,680 --> 01:02:44,200 Get educated, get entertained so that they can find out the real 1231 01:02:44,200 --> 01:02:46,360 solution to the world. And then of course the calls of 1232 01:02:46,360 --> 01:02:49,040 actions that you guys do with your friends and family. 1233 01:02:49,280 --> 01:02:51,840 I know I actually there a little tidbit story. 1234 01:02:52,400 --> 01:02:55,240 There was a there's a running theme at at Bitblock boom. 1235 01:02:55,400 --> 01:02:58,240 I think all my Bitcoin friends have become a little jaded and 1236 01:02:58,240 --> 01:03:01,200 we're like, man, you know I don't really have conversations 1237 01:03:01,200 --> 01:03:02,800 with people about Bitcoin anymore. 1238 01:03:02,800 --> 01:03:04,640 Like I don't force the Bitcoin message on them. 1239 01:03:04,640 --> 01:03:07,150 I kind of. Allow a space for them to come 1240 01:03:07,150 --> 01:03:10,030 to me and know that like, hey, I'm the Bitcoin guy. 1241 01:03:11,110 --> 01:03:13,230 Like I have the solutions. I'm living a good life. 1242 01:03:13,230 --> 01:03:16,750 I I want you to, you know help yourself. 1243 01:03:16,750 --> 01:03:19,870 But again, you you have to help yourself 1st. 1244 01:03:19,870 --> 01:03:24,270 And and unless people are interested, you might. 1245 01:03:24,270 --> 01:03:26,510 You might be better off by just, you know, living a good life, 1246 01:03:26,510 --> 01:03:28,110 providing value in different areas. 1247 01:03:28,110 --> 01:03:31,030 Fiat, mine, all that good stuff because. 1248 01:03:31,540 --> 01:03:33,900 You know, people can only orange pill themselves and that's kind 1249 01:03:33,900 --> 01:03:36,300 of one of the the themes that I got over the weekend. 1250 01:03:36,300 --> 01:03:40,060 It's like orange Pilling is an individual thing and the person 1251 01:03:40,140 --> 01:03:42,340 will have to want to be orange pilled. 1252 01:03:42,340 --> 01:03:46,020 And again, usually the best way for this to happen is for them 1253 01:03:46,020 --> 01:03:48,860 to feel the pain. And as we can see, everyone is 1254 01:03:48,860 --> 01:03:51,620 feeling the pain. Man, Viking goes laughing. 1255 01:03:51,940 --> 01:03:53,580 My boy Viking goes laughing in the chat. 1256 01:03:53,580 --> 01:03:57,440 He gets it, he gets it, but man. You guys protect yourself, 1257 01:03:57,600 --> 01:04:00,280 saving Bitcoin, enlighten self-interest, Make sure your 1258 01:04:00,280 --> 01:04:03,480 Bitcoin is in cold storage. Do not leave that Bitcoin on an 1259 01:04:03,480 --> 01:04:05,200 exchange. But moving forward, it's going 1260 01:04:05,200 --> 01:04:09,120 to become very clear that people need to stack Bitcoin because 1261 01:04:09,120 --> 01:04:12,640 they're getting poorer and this is what will wake the world up. 1262 01:04:12,680 --> 01:04:16,280 Why is my dollar not going as far as it used to? 1263 01:04:16,280 --> 01:04:19,360 Is there solutions to this? Yes there is. 1264 01:04:19,360 --> 01:04:22,720 It is simply Bitcoin and people will have to feel that pain. 1265 01:04:22,720 --> 01:04:25,750 So hey. Just build it and they will 1266 01:04:25,750 --> 01:04:27,790 come, guys. And this next bull run, I think 1267 01:04:28,030 --> 01:04:31,310 will very clearly prove that. Anyways, guys, let's get into 1268 01:04:31,310 --> 01:04:33,190 the meme review because he watched his whole show just to 1269 01:04:33,190 --> 01:04:38,950 get to the meme review. The Daily Meme Review. 1270 01:04:40,160 --> 01:04:42,560 Brought to you by Kaboom Racks. I get this question all the 1271 01:04:42,560 --> 01:04:44,800 time. Nico, where should I buy Bitcoin 1272 01:04:44,800 --> 01:04:46,680 miners? The answer is Kaboom Racks. 1273 01:04:46,680 --> 01:04:49,200 It's the best place to buy Bitcoin miners. 1274 01:04:49,320 --> 01:04:51,680 That's where you're going to find the best deals and the best 1275 01:04:51,680 --> 01:04:54,840 prices. Start your mining utopia today. 1276 01:04:54,840 --> 01:04:58,200 To check out their racks, you got to go to T dot me slash 1277 01:04:58,200 --> 01:05:00,840 kaboom racks. Join their Telegram group and 1278 01:05:00,840 --> 01:05:03,520 start your mining journey today. Kaboom racks. 1279 01:05:04,360 --> 01:05:11,230 Kaboom racks, hold on. How's Matthew Ji think Opti 1280 01:05:11,230 --> 01:05:13,550 should wear a T-shirt, tuxedo and a Bitcoin hat? 1281 01:05:15,150 --> 01:05:17,430 I wasn't gonna say the kaboom racks, but in a really weird 1282 01:05:17,430 --> 01:05:24,110 voice. Go on, kaboom, kaboom. 1283 01:05:24,110 --> 01:05:27,030 I was low key trolling at a bit block. 1284 01:05:27,030 --> 01:05:29,090 Boom. Well I was saying I'm I'm gonna 1285 01:05:29,090 --> 01:05:32,290 I'm going to troll everyone and start wearing a you know a suit 1286 01:05:32,290 --> 01:05:34,610 on the show because everyone knows I'm a professional 1287 01:05:34,610 --> 01:05:38,810 bitcoiner now and and you know I think suits mean something or no 1288 01:05:38,810 --> 01:05:41,570 no I'm just joking guys. Maybe one day maybe one. 1289 01:05:41,570 --> 01:05:44,610 Anyways, this is the main review where you guys send us memes on 1290 01:05:44,610 --> 01:05:47,490 Twitter. Tag me at Simply Bitcoin TV, 1291 01:05:48,370 --> 01:05:52,130 give me your your favorite memes or tag your favorite memes memes 1292 01:05:52,650 --> 01:05:55,970 at Simply Bitcoin TV and I will get them on the show or tag my 1293 01:05:55,970 --> 01:05:58,750 personal optimist fields. And I will get them on the show. 1294 01:05:58,750 --> 01:06:01,110 Of course you can also drop them in our telegram group. 1295 01:06:01,110 --> 01:06:04,630 T dot me slash simply Bitcoin. I look in there every morning 1296 01:06:04,630 --> 01:06:07,710 and try to get some memes guys. But hey make the memes, get the 1297 01:06:07,710 --> 01:06:09,790 calls of signals out there, tweet to the bullets memes of 1298 01:06:09,790 --> 01:06:14,390 the artillery. We are in an information war and 1299 01:06:14,390 --> 01:06:19,190 we have truth on our side. Anyways, 1st meme is by our boy, 1300 01:06:19,190 --> 01:06:22,550 the BTC therapist, and he goes we won't stop buying Bitcoin. 1301 01:06:22,970 --> 01:06:25,650 And we have Jerome Powell looking kind of concerned. 1302 01:06:25,650 --> 01:06:27,450 He's got the Federal Reserve logo behind him. 1303 01:06:27,450 --> 01:06:30,370 Because you think this is funny, that the world is getting more 1304 01:06:30,370 --> 01:06:34,010 poor and we don't have a solution and we have to go to 1305 01:06:34,010 --> 01:06:37,130 our symposiums to try to figure out the solution. 1306 01:06:37,130 --> 01:06:39,130 And yet we don't know what's going to happen. 1307 01:06:39,370 --> 01:06:42,330 And it's the Joker laughing. Bitcoin is yes, I do think it's 1308 01:06:42,330 --> 01:06:45,370 funny, and I'm tired of pretending like it's not. 1309 01:06:46,010 --> 01:06:47,490 We have the solution. It is Bitcoin. 1310 01:06:47,610 --> 01:06:50,210 Anyways, the next meme is by Lena Sishay and she goes don't 1311 01:06:50,210 --> 01:06:52,870 be that guy. With a concerned emoji. 1312 01:06:53,310 --> 01:06:57,110 And we got the Bitcoin logo here and he goes, I give you the key 1313 01:06:57,110 --> 01:07:01,710 to my heart and it's a private key and the logo goes treat it 1314 01:07:01,710 --> 01:07:05,030 well And this is the new coiner out there and you give them the 1315 01:07:05,070 --> 01:07:06,950 key to your heart, which is the private keys. 1316 01:07:07,510 --> 01:07:10,390 And then they go and they give the private keys to the exchange 1317 01:07:10,390 --> 01:07:12,630 and they leave their coins on the exchange. 1318 01:07:12,630 --> 01:07:15,790 And the Bitcoin logo is just like, what is going on here? 1319 01:07:16,070 --> 01:07:17,830 How could you betray me like this? 1320 01:07:18,390 --> 01:07:20,310 Take your Bitcoin into cold storage. 1321 01:07:21,260 --> 01:07:23,420 This is the way guys. And this next one is by our boy 1322 01:07:23,420 --> 01:07:26,380 Yellow AKAICO Offender 2 on Twitter. 1323 01:07:26,740 --> 01:07:28,980 And it this one. The last two memes kind of 1324 01:07:29,300 --> 01:07:31,900 connect together and I'm sure you guys have been hearing the 1325 01:07:31,900 --> 01:07:35,900 rumors about Bynance and all the stuff going on and it's a little 1326 01:07:35,900 --> 01:07:39,140 murky waters out there. Are they following FTXI? 1327 01:07:39,140 --> 01:07:41,780 Don't know what's going on. Anyways, Yellow puts a meme here 1328 01:07:41,780 --> 01:07:44,580 and goes Bynance and CZ whenever they see someone withdrawing 1329 01:07:44,580 --> 01:07:48,420 their coins, and it's a picture of The Sopranos gang just 1330 01:07:48,420 --> 01:07:52,530 sitting there concerned like. No, don't take your Bitcoin. 1331 01:07:52,850 --> 01:07:55,770 It's it's more trustworthy. With me, your funds are soft 1332 01:07:55,770 --> 01:07:57,810 food on finance. Trust this guys. 1333 01:07:57,970 --> 01:08:00,570 No, you do not trust them. Take your Bitcoin into self 1334 01:08:00,570 --> 01:08:03,450 custody and let them look grimy at you all you want. 1335 01:08:03,690 --> 01:08:06,730 It doesn't matter. And again these last couple 1336 01:08:06,730 --> 01:08:10,450 memes are connected in a way. Shouts out to my boy Ruston, AKA 1337 01:08:10,450 --> 01:08:13,130 sets for life and he goes, he's got a meme here. 1338 01:08:13,330 --> 01:08:15,610 It looks like it's not necessarily a Bitcoin meme, but 1339 01:08:15,610 --> 01:08:18,810 we got a guy here with like, a. Son for a head and it goes. 1340 01:08:19,010 --> 01:08:22,729 No matter what society says it's OK to be like Nah that ain't for 1341 01:08:22,729 --> 01:08:24,729 me. And then Ruston goes then 1342 01:08:24,729 --> 01:08:27,450 continue to stack sats and give the state the middle finger. 1343 01:08:27,450 --> 01:08:30,410 Hashtag Bitcoin Guys, it's OK to opt out. 1344 01:08:30,729 --> 01:08:33,210 It's OK take your Bitcoin in the cold storage. 1345 01:08:33,569 --> 01:08:36,609 This is the way. Anyways on another note again 1346 01:08:36,609 --> 01:08:39,050 you know we try to avoid politics as much as possible but 1347 01:08:39,050 --> 01:08:42,689 I absolutely love on this is meme here AKA at son of sats. 1348 01:08:42,890 --> 01:08:45,850 I'm sure you guys saw the Trump mug shot. 1349 01:08:46,750 --> 01:08:50,390 Over the weekend, the weekend was rife with political 1350 01:08:50,390 --> 01:08:52,870 contention. There was a debate, and then we 1351 01:08:52,870 --> 01:08:55,790 had Trump's mugshot. And it's kind of an epic 1352 01:08:55,790 --> 01:08:58,830 mugshot, but like, people are concerned about it. 1353 01:08:59,109 --> 01:09:01,710 Anyways, our boy undress did a meme. 1354 01:09:02,609 --> 01:09:04,890 And it's the Trump mugshot. And you guys, I'm sure you guys 1355 01:09:04,890 --> 01:09:07,050 saw the mugshot. And it goes, my Fiat banker 1356 01:09:07,050 --> 01:09:09,250 every time I empty my account to buy Bitcoin. 1357 01:09:10,170 --> 01:09:13,410 Trump mug shot. Yes, this is the way, OK. 1358 01:09:13,410 --> 01:09:16,290 And then doubling down on that, take shots at the Avery huddle 1359 01:09:16,290 --> 01:09:19,010 and he goes what it's like to not watch political debates and 1360 01:09:19,010 --> 01:09:22,970 huddle Bitcoin. And we got this Pepe the Frog on 1361 01:09:23,210 --> 01:09:26,290 Rollerblades, and he's just chillin, you know, He's got his 1362 01:09:26,290 --> 01:09:28,580 musics playing. He's vibing. 1363 01:09:28,740 --> 01:09:31,020 He's dancing. The world's blowing up around 1364 01:09:31,020 --> 01:09:32,380 him. You know everyone's getting 1365 01:09:32,380 --> 01:09:34,979 poorer, but you are safely in Sats. 1366 01:09:34,979 --> 01:09:39,859 Your life is getting better. You are looking to find ways to 1367 01:09:39,859 --> 01:09:45,300 get more Sats to build your cash flows up, to get your Bitcoin in 1368 01:09:45,300 --> 01:09:48,620 code storage to opt out to get fit. 1369 01:09:49,550 --> 01:09:52,830 Moisturized in your own lane. Unbothered, unfazed. 1370 01:09:52,990 --> 01:09:55,190 This is the way finding Bitcoin Zen. 1371 01:09:55,190 --> 01:09:56,670 And here's a perfect example of it. 1372 01:09:56,670 --> 01:09:58,390 A GIF. Just rollerblading through the 1373 01:09:58,390 --> 01:10:02,550 chaos, listening to your favorite songs and stacking more 1374 01:10:02,550 --> 01:10:05,110 sets. Anyways, guys, drop your meme 1375 01:10:05,110 --> 01:10:08,110 review in the chat over there and I will cover them live 1376 01:10:08,150 --> 01:10:10,470 again. I I forgot the music, but hey, 1377 01:10:10,790 --> 01:10:15,710 it is what it is. Before I do that though, do you 1378 01:10:15,710 --> 01:10:17,430 have a score? Actually, I know what my score 1379 01:10:17,430 --> 01:10:19,070 is. I'm going to give you. 1380 01:10:19,590 --> 01:10:24,390 My bitlock Boom. Hey, what do you call this pass 1381 01:10:24,910 --> 01:10:28,470 with my really bad handwriting. As you can tell guys, I am 1382 01:10:28,470 --> 01:10:32,910 basically like a 12 year old. I can't write for any anything. 1383 01:10:32,910 --> 01:10:34,150 I can't. I can't write in my life 1384 01:10:34,150 --> 01:10:36,470 depended on it. All right, Dell, what is your 1385 01:10:36,470 --> 01:10:41,030 meme review score for today? I'll I'll I think I've used this 1386 01:10:41,030 --> 01:10:41,710 before. Maybe. 1387 01:10:41,710 --> 01:10:44,830 But I will give those memes an earbud. 1388 01:10:45,070 --> 01:10:45,830 Google. Pixel. 1389 01:10:45,830 --> 01:10:50,030 Whatever earbuds score wireless earbuds are They're a game 1390 01:10:50,030 --> 01:10:50,990 changer. I'll tell you what. 1391 01:10:51,950 --> 01:10:56,070 I I agree though. I'm again, you guys know me. 1392 01:10:56,070 --> 01:10:58,430 I fall down some conspiracy routes on Twitter. 1393 01:10:58,430 --> 01:11:02,270 I just like to watch them. Someone tell me in the chat is 1394 01:11:02,270 --> 01:11:06,670 is the is the Wi-Fi Bluetooth frying my brain or am I good to 1395 01:11:06,670 --> 01:11:08,310 go? Because that's what people are 1396 01:11:08,310 --> 01:11:11,230 telling me. But I'm a huge wireless 1397 01:11:11,910 --> 01:11:14,750 headphone maxi. But anyway, listen to some of 1398 01:11:14,750 --> 01:11:17,470 that stuff as well. Are we frying our brain? 1399 01:11:17,990 --> 01:11:19,910 Are we frying our brains? I don't know. 1400 01:11:19,990 --> 01:11:24,030 Anyways, who knows I I went let's. 1401 01:11:24,230 --> 01:11:26,310 I don't know if you guys like Chance the Rapper, but this is 1402 01:11:26,310 --> 01:11:28,910 some coach you know, fried too many brain cells now to be 1403 01:11:28,910 --> 01:11:30,350 worried about my brain cells now. 1404 01:11:30,350 --> 01:11:36,510 So anyways, anyways. This 1st meme review scores by 1405 01:11:36,510 --> 01:11:38,830 Dennis Lassen and he goes meme score. 1406 01:11:39,110 --> 01:11:43,230 I give the joker meme scream. I want to know Dell do you have 1407 01:11:43,230 --> 01:11:45,430 a Bitcoin tag to like me? If no, why not? 1408 01:11:45,430 --> 01:11:47,750 Why are you waiting for? You are a tattoo guy. 1409 01:11:47,990 --> 01:11:49,670 Blood in, blood out. Why? 1410 01:11:49,710 --> 01:11:53,070 God, I've answered him like five times in chat I told him I don't 1411 01:11:53,070 --> 01:11:54,870 have a Bitcoin tattoo. If that doesn't make me a full 1412 01:11:54,870 --> 01:11:56,790 blooded bitcoiner, then I don't give a shit. 1413 01:11:57,280 --> 01:11:59,800 Well, I don't have a Bitcoin. He's been he's been trolling me 1414 01:11:59,800 --> 01:12:02,160 too for a for a minute but I don't do tattoos. 1415 01:12:02,160 --> 01:12:04,360 I don't do tattoos so never going to happen bro. 1416 01:12:04,360 --> 01:12:07,120 Appreciate it. Anyways next meme is by our boy 1417 01:12:07,120 --> 01:12:10,960 Mike Hobart and he goes I give these memes a score of my fresh 1418 01:12:10,960 --> 01:12:17,200 ass simply Bitcoin bitblock boom tshirt let's go Yes we we we 1419 01:12:17,200 --> 01:12:21,280 were giving a few out to the team shouts out to everyone that 1420 01:12:21,280 --> 01:12:24,200 supported us there. We do have more. 1421 01:12:24,670 --> 01:12:28,550 We still having some issues with our store guys so forgive us. 1422 01:12:28,790 --> 01:12:32,110 We are going to get that updated for you guys this week. 1423 01:12:32,350 --> 01:12:35,070 We're we're making sure that this is this is rolled out 1424 01:12:35,070 --> 01:12:36,990 easily. Of course we soft launched it 1425 01:12:36,990 --> 01:12:39,830 there was some some problems over the weekend but we're 1426 01:12:39,830 --> 01:12:41,990 fixing it guys. We love you appreciate the 1427 01:12:41,990 --> 01:12:43,630 support. Anyways, next meme is by Andrew 1428 01:12:43,630 --> 01:12:48,390 Williams and he goes, I give that mean a mind bugling freth. 1429 01:12:49,150 --> 01:12:55,270 Brush hair #Abdi can't speak? Yes. 1430 01:12:55,270 --> 01:12:59,150 OK all right. Next meme review score is by 1431 01:12:59,150 --> 01:13:01,030 Elaine. Good morning, Elaine and she 1432 01:13:01,030 --> 01:13:03,430 goes. Score, BlackRock, the Fed, Bank 1433 01:13:03,430 --> 01:13:05,670 of International Settlements, etc, etc. 1434 01:13:05,670 --> 01:13:09,070 Becoming irrelevant as Bitcoin takes over and orange becomes a 1435 01:13:09,070 --> 01:13:12,510 new red, white, and blue. Love it. 1436 01:13:12,590 --> 01:13:15,150 OK, next meme review scores by Igor and he goes. 1437 01:13:15,190 --> 01:13:17,870 I give those memes my favorite moisturizer. 1438 01:13:18,070 --> 01:13:20,260 Yes, unbothered. Wait, wait. 1439 01:13:20,340 --> 01:13:21,020 What was that? Dale? 1440 01:13:21,300 --> 01:13:22,660 Did you pull one up? What was that? 1441 01:13:23,700 --> 01:13:26,100 Which one was that? More opsec like me have a 1442 01:13:26,100 --> 01:13:30,060 Bitcoin of tattoo on your head? Why would why would people want 1443 01:13:30,060 --> 01:13:33,020 to go around telling everybody, hey, I've got Bitcoin use a $5 1444 01:13:33,020 --> 01:13:35,420 wrench to smash my face in? Like, come on, no. 1445 01:13:36,940 --> 01:13:38,540 Dude, some people like to live dangerous. 1446 01:13:38,540 --> 01:13:42,500 Anyways, Bitcoin puritan, I give the memes a pad of post it notes 1447 01:13:42,500 --> 01:13:44,780 on a tiny pallet. Okay. 1448 01:13:45,260 --> 01:13:49,260 OK, Oh, wait, Elaine, Elaine told us Earbuds Bad. 1449 01:13:49,260 --> 01:13:51,980 Save yourself, maxi. No. 1450 01:13:52,380 --> 01:13:54,780 OK, Wrecked. All right, Matthew J goes. 1451 01:13:54,780 --> 01:13:57,500 I give these memes a tshirt tuxedo. 1452 01:13:57,900 --> 01:14:00,100 OK, I might have to get one for the culture. 1453 01:14:00,260 --> 01:14:03,180 All right, Roman, score. Stack harder, guys. 1454 01:14:03,180 --> 01:14:05,940 You heard it here first. Stack harder. 1455 01:14:06,380 --> 01:14:10,060 OK, Mclovin meme score. Stack heavy stats while they're 1456 01:14:10,060 --> 01:14:12,100 on sale. Your future self will thank you. 1457 01:14:12,470 --> 01:14:14,870 Yes, yes, this is the way, guys. This is the way. 1458 01:14:15,190 --> 01:14:17,550 All right. Well, we appreciate it guys. 1459 01:14:17,550 --> 01:14:19,870 As you guys can tell, this is simply Bitcoin. 1460 01:14:19,870 --> 01:14:25,230 Just your host hopty Opti host, Hopty host Opti, Nico's away 1461 01:14:25,230 --> 01:14:28,150 till I think Wednesday. But the show goes on. 1462 01:14:28,150 --> 01:14:29,870 We will continue to give you guys a signal. 1463 01:14:30,230 --> 01:14:33,630 Anyways, Dale, what do you, what do you have in the books for? 1464 01:14:33,670 --> 01:14:36,170 For the Twitter timeline? For the what? 1465 01:14:36,170 --> 01:14:37,210 The Twitter? Oh, wait. 1466 01:14:37,250 --> 01:14:38,930 I don't know. Well, Twitter timeline and 1467 01:14:38,930 --> 01:14:39,610 YouTube timeline. What? 1468 01:14:39,610 --> 01:14:41,090 What are the clips you're dropping this week? 1469 01:14:41,090 --> 01:14:44,010 Bro, I've got a clip where I'm answering two questions. 1470 01:14:44,010 --> 01:14:47,010 Somebody asked a question video a while ago. 1471 01:14:47,010 --> 01:14:51,450 They asked about UTXO management and then why Bitcoin is better 1472 01:14:51,450 --> 01:14:53,970 than some other gobbledygook nonsense. 1473 01:14:53,970 --> 01:14:58,410 And I answer both those questions and then that proof of 1474 01:14:58,410 --> 01:15:03,490 work as described with monkeys and typewriters. 1475 01:15:03,650 --> 01:15:06,150 I'm looking forward to that one. I hope people enjoy it. 1476 01:15:06,710 --> 01:15:09,830 Let's go. Hold on before, before I go on 1477 01:15:10,430 --> 01:15:13,470 Dennis trolling me, it's about spreading the truth. 1478 01:15:13,470 --> 01:15:16,150 It's Bitcoin or slavery. We all do our part. 1479 01:15:16,390 --> 01:15:18,870 Yes, this is the way. All right, all right. 1480 01:15:18,870 --> 01:15:20,590 Anyways, Dale, appreciate filling in. 1481 01:15:20,590 --> 01:15:23,070 Actually, Dale's coming back Wednesday, so you're going to 1482 01:15:23,070 --> 01:15:26,230 get a lot of Dell this week. Anyways, guys, we love you. 1483 01:15:26,350 --> 01:15:29,350 Appreciate the support. Like, share, subscribe. 1484 01:15:30,390 --> 01:15:32,190 Just come here. Hang out with us. 1485 01:15:32,770 --> 01:15:35,130 That's all that matters to us. Spread this to your friends and 1486 01:15:35,130 --> 01:15:37,930 family. But we'll be back tomorrow. 1487 01:15:38,690 --> 01:15:41,250 Come hang out with us on spaces. Peace out, guys. 1488 01:15:41,250 --> 01:15:53,040 We love you. All right? 1489 01:15:53,040 --> 01:15:55,280 You already know. A little clunkier when I'm doing 1490 01:15:55,280 --> 01:15:57,680 all the production, but hey, it is what it is. 1491 01:15:57,880 --> 01:16:01,640 Let's go. Fresh off bit block. 1492 01:16:01,640 --> 01:16:03,520 Boom. We're back. 1493 01:16:04,570 --> 01:16:08,130 We should be back to our normally scheduled programming. 1494 01:16:09,050 --> 01:16:11,490 It was a hectic weekend, hectic weekend. 1495 01:16:11,490 --> 01:16:14,250 We put in, we put in the, we put in the hours guys. 1496 01:16:14,250 --> 01:16:15,170 I think. I think that's the.