1 00:00:18,900 --> 00:00:24,500 Yo, today is November 14. 2022. Welcome to Simply Bitcoin live. 2 00:00:24,500 --> 00:00:26,800 We are your number one source for this peaceful Bitcoin 3 00:00:26,800 --> 00:00:29,700 Revolution recover, breaking news, culture and me Matic 4 00:00:29,700 --> 00:00:32,000 Warfare. We will be your guide through 5 00:00:32,100 --> 00:00:33,500 the separation of money and state. 6 00:00:34,000 --> 00:00:40,100 So Mike no regrets started a rumor about a El Salvador, FTX 7 00:00:40,100 --> 00:00:42,000 and Bitcoin. We're going to clear that up. 8 00:00:43,100 --> 00:00:46,800 We really believe in this concept of projection, where if 9 00:00:46,800 --> 00:00:48,500 someone's guilty of something they project. 10 00:00:48,600 --> 00:00:50,200 Checked on to the other person of what it is. 11 00:00:50,200 --> 00:00:53,100 They're guilty of themselves. We're also going to cover the 12 00:00:53,100 --> 00:00:57,100 whole ft x drama and why we believe it's Pure Noise, you 13 00:00:57,100 --> 00:00:58,900 guys have to focus on the signal, right? 14 00:00:58,900 --> 00:01:01,600 The signal is here, the separation of money and say, so 15 00:01:01,600 --> 00:01:03,400 we're going to get to all that, but we are going to go through 16 00:01:03,400 --> 00:01:06,300 all the details because we did get a lot of comments last 17 00:01:06,300 --> 00:01:09,600 week's like, hey, why aren't you guys covering the FTX is because 18 00:01:09,900 --> 00:01:12,600 we were traveling because of the Pacific Bitcoin conference and 19 00:01:12,600 --> 00:01:15,000 we only did two episodes last week, we're back. 20 00:01:15,100 --> 00:01:17,900 We're going to be doing episodes all week long, simply Bitcoins 21 00:01:17,900 --> 00:01:20,900 back. Also, have some changes coming 22 00:01:20,900 --> 00:01:22,300 up to the show. We're going to change a little 23 00:01:22,300 --> 00:01:23,700 bit. We're going to talk a little bit 24 00:01:23,700 --> 00:01:27,500 more in detail about what all that means, towards the end. 25 00:01:27,500 --> 00:01:30,600 But anyways, before we start the show when I introduce my awesome 26 00:01:30,600 --> 00:01:32,600 Coast. Are you doing Opti? 27 00:01:33,600 --> 00:01:35,700 What's up Nico? Hello, everyone. 28 00:01:35,700 --> 00:01:37,900 We're back. I know you missed us. 29 00:01:38,600 --> 00:01:41,400 It was a crazy week man. We were working our butts off 30 00:01:41,400 --> 00:01:43,100 all week, but it was good to do it. 31 00:01:43,100 --> 00:01:46,200 All in person is fun to, you know hang out with Nick, a lot 32 00:01:46,200 --> 00:01:48,400 longer than I usually do as you guys can see. 33 00:01:48,500 --> 00:01:50,800 See, I'm not in the normal Studio. 34 00:01:50,800 --> 00:01:54,100 I am back at my parents house right now for a little bit. 35 00:01:54,400 --> 00:01:57,100 So, you know, we're going to make it work, anyways, we're 36 00:01:57,100 --> 00:01:59,600 gonna make it work anyways, but I'm excited for this one. 37 00:01:59,600 --> 00:02:03,500 I'm excited to, you know, have you run down through all all the 38 00:02:03,500 --> 00:02:07,800 details about this FTX debacle and then of course, we're gonna, 39 00:02:08,199 --> 00:02:11,000 we're gonna continue on the sauce and and do what we've been 40 00:02:11,000 --> 00:02:14,500 doing for a while, guys. I get a lot of flak sometimes in 41 00:02:14,500 --> 00:02:17,900 the space because we go over the basics a lot and we, and we 42 00:02:17,900 --> 00:02:20,500 cover the Mentors. Consistently because there's new 43 00:02:20,500 --> 00:02:23,900 people coming into the fold and they don't know as much as we 44 00:02:23,900 --> 00:02:25,800 know. And so I'm going to reiterate 45 00:02:25,800 --> 00:02:28,800 that in the daily culture, go over some of the Bitcoin beams 46 00:02:28,800 --> 00:02:33,000 and why it is so important for us to continue to spread the 47 00:02:33,000 --> 00:02:36,400 basics around because we could avoid this. 48 00:02:36,400 --> 00:02:39,700 FTX debacle of people were just listening to us more often but I 49 00:02:39,708 --> 00:02:41,700 won't get into it later. Absolutely. 50 00:02:41,700 --> 00:02:45,500 We got, we got a, we have the best hair in Bitcoin, he's in 51 00:02:45,500 --> 00:02:47,600 the audience. Shut up, BTC sessions. 52 00:02:48,500 --> 00:02:50,700 Rechannel. Anyways guys, let's start the 53 00:02:50,700 --> 00:02:51,700 show. Let's do this. 54 00:02:53,800 --> 00:02:57,500 The Bitcoin numbers brought to you by novel. 55 00:02:57,500 --> 00:03:00,400 At this point, you should be running your own Bitcoin note. 56 00:03:00,400 --> 00:03:02,900 If you don't use your own Bitcoin node, you're trusting 57 00:03:02,900 --> 00:03:05,800 someone else's run your own version of Bitcoin core. 58 00:03:05,800 --> 00:03:09,100 The lightning Network, whirlpool, and Dojo all from the 59 00:03:09,100 --> 00:03:12,700 comfort of your own home. And if your digital Nomad, you 60 00:03:12,708 --> 00:03:15,900 have absolutely no excuse because now you can run a novel 61 00:03:16,000 --> 00:03:17,400 through a virtual private server. 62 00:03:17,400 --> 00:03:21,600 Visit noddle Dottie you today. All right, at the time of 63 00:03:21,600 --> 00:03:24,600 recording the Bitcoin price is 16,000 488. 64 00:03:24,600 --> 00:03:32,100 Whoa, hold on Bitcoins under 20K major discount, holy crap, pause 65 00:03:32,100 --> 00:03:34,700 the show right now. Stack stack some SATs because 66 00:03:35,000 --> 00:03:39,200 this is looking back looking back on these prices a couple of 67 00:03:39,208 --> 00:03:42,300 years from now. This is, this is a, this is a 68 00:03:42,300 --> 00:03:45,500 big deal. Anyways, that's per dollar 6067 69 00:03:45,500 --> 00:03:52,900 block height, 760 763,000 87 reachable Bitcoin nodes, 14,800 70 00:03:52,900 --> 00:03:58,300 19 blocks that happening 76,000 833 having estimate April 22nd, 71 00:03:58,300 --> 00:04:02,900 2024 total lightning network capacity. 5,000 136 capacity 72 00:04:02,900 --> 00:04:09,200 value. 84 million, u.s. dollars. Oof oof, my hopes and dreams are 73 00:04:09,208 --> 00:04:11,100 that we are going to stay over that hundred million dollar. 74 00:04:11,100 --> 00:04:13,900 Mark, those hopes and dreams died. 75 00:04:14,800 --> 00:04:17,700 Realized monetary inflation were at one point seven, seven 76 00:04:17,700 --> 00:04:21,500 percent still taking fire. Currencies to Absolute School 77 00:04:21,700 --> 00:04:24,200 Bitcoin continues to be the best savings technology. 78 00:04:24,200 --> 00:04:28,400 The world has ever seen market capitalization 316 billion 79 00:04:28,400 --> 00:04:34,800 dollars with a B. So this FTX debacle has made 80 00:04:34,800 --> 00:04:37,400 headlines, right? It's just it's been explosions, 81 00:04:37,400 --> 00:04:41,200 been this giant scam and essentially what happened, 82 00:04:41,200 --> 00:04:42,700 right? Just to summarize it very 83 00:04:42,700 --> 00:04:47,400 quickly is that Sam, which the CEO of Sam Bank manfried was the 84 00:04:47,400 --> 00:04:49,400 CEO of FTX. He was you. 85 00:04:49,500 --> 00:04:53,100 Using people's deposits as his own personal slush fund, and he 86 00:04:53,100 --> 00:04:56,700 was using those funds to speculate on the market himself 87 00:04:56,700 --> 00:04:59,400 which is all fine and dandy Celsius, did something very 88 00:04:59,400 --> 00:05:01,700 similar by the way, there's all fine and dandy. 89 00:05:02,000 --> 00:05:05,700 But the problem is that, that works during a bull market that 90 00:05:05,700 --> 00:05:08,200 does not work during a bear market, right? 91 00:05:08,300 --> 00:05:12,200 So he was stealing and then this comes to the other concept of 92 00:05:12,200 --> 00:05:16,100 paper Bitcoin, right? Clearly a lot of Bitcoin that 93 00:05:16,100 --> 00:05:19,400 was being bought and sold on ft x wasn't actual Bitcoin. 94 00:05:19,600 --> 00:05:22,700 Paper Bitcoin so just a thought experiment. 95 00:05:22,700 --> 00:05:26,200 What would the actual price of Bitcoin be? 96 00:05:26,400 --> 00:05:29,400 If these exchanges didn't focus on should coins, they just 97 00:05:29,400 --> 00:05:32,800 focused on bitcoin. And if there was only the 98 00:05:32,800 --> 00:05:35,900 Bitcoin that actually existed was the, the Bitcoin that was 99 00:05:35,900 --> 00:05:39,200 actually on those exchanges. Clearly all these exchanges are 100 00:05:39,200 --> 00:05:40,900 most of these exchange, some of these exchanges. 101 00:05:40,900 --> 00:05:43,900 Better said, our fractionally reserved, right? 102 00:05:43,900 --> 00:05:46,500 So it's just a, just a bunch of bullcrap. 103 00:05:46,500 --> 00:05:49,200 And anyways, we have cattle Along on MSNBC. 104 00:05:49,500 --> 00:05:52,400 And she's been, she's going to make the argument that we are 105 00:05:52,400 --> 00:05:57,100 making this week, which is our sorry today, which is FTX is 106 00:05:57,100 --> 00:06:01,400 noise, Bitcoin is the signal. But anyways let's check out what 107 00:06:01,400 --> 00:06:03,200 Catalan has to say and then we'll talk about it off duty. 108 00:06:04,500 --> 00:06:07,500 One is ever going to make more than 21 million Bitcoins. 109 00:06:07,600 --> 00:06:10,600 And so the moment that there are more claims to bitcoin, they're 110 00:06:10,600 --> 00:06:13,500 only nineteen point two million that have been outlined and 111 00:06:13,500 --> 00:06:16,200 outstanding today. There are clearly a lot more 112 00:06:16,200 --> 00:06:18,800 than nineteen point, two million claims to bitcoin out there and 113 00:06:18,800 --> 00:06:21,200 all these insolvent intermediaries that are going 114 00:06:21,200 --> 00:06:24,200 bust and they're all claiming all I just have a temporary 115 00:06:24,200 --> 00:06:25,900 liquidity problem. No they don't. 116 00:06:25,900 --> 00:06:28,800 They're fundamentally insolvent and they went insolvent. 117 00:06:28,800 --> 00:06:31,900 The moment they started offering more than the nineteen point two 118 00:06:31,900 --> 00:06:35,600 million claims to bitcoin that Games because there's no lender 119 00:06:35,600 --> 00:06:38,700 of Last Resort, there is no Clearinghouse to bail them out. 120 00:06:38,700 --> 00:06:41,600 When they get into these liquidity crunches, that means 121 00:06:41,600 --> 00:06:45,900 that the insolvency that they had all along is being revealed 122 00:06:45,900 --> 00:06:50,500 and good riddance to it all because this Leverage is not. 123 00:06:50,900 --> 00:06:53,300 It doesn't have anything to do with Bitcoin these Market 124 00:06:53,300 --> 00:06:56,700 structure Wall Street mercenaries came in and started 125 00:06:56,700 --> 00:07:00,500 leveraging it up like crazy in the last few years deserve to be 126 00:07:00,500 --> 00:07:03,300 flushed. I don't wish it on anyone. 127 00:07:03,400 --> 00:07:06,400 But for those of Us, who really do care about the technology and 128 00:07:06,400 --> 00:07:08,900 the the signal other than the noise. 129 00:07:09,100 --> 00:07:12,800 The noise is there is the rec that rubbernecking overall doing 130 00:07:12,800 --> 00:07:15,500 on the, on the wreck? Here's the signal Elon Musk. 131 00:07:15,500 --> 00:07:19,500 Yesterday announced that Twitter is going to be offering 132 00:07:19,500 --> 00:07:24,000 peer-to-peer payments on the Twitter platform that is already 133 00:07:25,000 --> 00:07:27,200 integrated with Bitcoins lightning Network. 134 00:07:27,200 --> 00:07:29,300 He could turn that on immediately. 135 00:07:29,300 --> 00:07:33,700 Today, that yeah, using the real technology that is the north, 136 00:07:33,700 --> 00:07:37,500 the sea. No through the noise and I think 137 00:07:37,500 --> 00:07:40,400 she's spot on, right? And not only that, right? 138 00:07:40,400 --> 00:07:43,200 We're going to cover this tomorrow actually been talking 139 00:07:43,200 --> 00:07:47,000 to some people, some insiders in the industry, she'll announce 140 00:07:47,000 --> 00:07:49,600 and they actually announced a partnership or a sponsorship. 141 00:07:49,600 --> 00:07:52,600 Better said with Bitcoin magazine shell, the giant Energy 142 00:07:52,600 --> 00:07:55,400 company is getting into the mining industry. 143 00:07:56,200 --> 00:07:58,400 We're going to get into the details about that tomorrow, but 144 00:07:58,400 --> 00:08:01,900 if you pay attention to a lot of this signal, right, Ilan, files 145 00:08:01,900 --> 00:08:04,100 that Twitter is going to be used for peer-to-peer. 146 00:08:04,200 --> 00:08:06,400 Transactions. He already filed that, right? 147 00:08:06,400 --> 00:08:09,500 He made the official filing. Not just, it's just not just 148 00:08:09,500 --> 00:08:10,600 him. Telling people were telling a 149 00:08:10,608 --> 00:08:12,600 new source. He made the official sign to 150 00:08:12,600 --> 00:08:15,000 file for Twitter, being a payments platform. 151 00:08:15,100 --> 00:08:19,300 So that's absolutely massive and of course, shell getting into 152 00:08:19,300 --> 00:08:21,800 the mining industry. Now what's the noise the noise 153 00:08:21,800 --> 00:08:25,800 is this FTX bullshit, right? And all of this could have been 154 00:08:25,800 --> 00:08:28,300 avoided and we're going to try to drill this into your guys's 155 00:08:28,300 --> 00:08:30,900 head throughout this episode. All of this could have been 156 00:08:30,900 --> 00:08:33,900 avoided. If you just take in Bitcoin into 157 00:08:33,900 --> 00:08:36,799 self, City and Shout Out Beauty on because beauty is gonna whoop 158 00:08:36,799 --> 00:08:41,200 me if I don't say that's and you do that by using by using good 159 00:08:41,200 --> 00:08:43,000 Bitcoin wallets like blue wallet. 160 00:08:43,400 --> 00:08:48,700 Electrum is a good one. One wallet is a good one Opti. 161 00:08:48,700 --> 00:08:50,800 Help me out here. There's there's so many we all 162 00:08:50,800 --> 00:08:53,800 have our favorites and wallet wallet is satoshi's. 163 00:08:53,800 --> 00:08:58,900 I got Breeze back to bitcoin core cold card seed sign are and 164 00:08:58,900 --> 00:09:01,400 if you're more advanced, you know, you could use Zeus and Zap 165 00:09:01,400 --> 00:09:04,900 for lightning node. So I'll cover it a bunch more 166 00:09:04,900 --> 00:09:07,800 and will continue to beat this in people's heads as much as 167 00:09:07,800 --> 00:09:10,800 possible because this is how we spread the signal. 168 00:09:10,800 --> 00:09:14,000 Get people using the right tools because we could have avoided. 169 00:09:14,000 --> 00:09:19,000 This guy's exchanges are not wallets 100% And I think that's 170 00:09:19,000 --> 00:09:20,800 the, that's the signal right there, right? 171 00:09:20,800 --> 00:09:25,800 Is that the, the signal is Catalan saying itself, and she's 172 00:09:25,800 --> 00:09:28,500 saying it, right? And she is, she's the founder of 173 00:09:28,600 --> 00:09:31,900 custodial bank, which is like the first I hate using his 174 00:09:31,900 --> 00:09:34,100 words, but it is what it is. The first crypto. 175 00:09:34,300 --> 00:09:36,800 Bank, right? They filed for a federal bank 176 00:09:36,800 --> 00:09:39,600 Charter as well as Kraken. Kraken is trying to do it as 177 00:09:39,600 --> 00:09:42,200 well. And she's the one that's telling 178 00:09:42,200 --> 00:09:44,500 you that the FTX thing is noise, right? 179 00:09:44,500 --> 00:09:47,100 But it's funny because that's what everybody's focusing on. 180 00:09:47,300 --> 00:09:49,400 Right? Is this as go my God this fraud 181 00:09:49,400 --> 00:09:52,100 and everybody's right? Like the whole thing is just 182 00:09:52,200 --> 00:09:56,400 it's terrible. But this entire time if you've 183 00:09:56,400 --> 00:10:00,300 listened to bitcoiners advice we've been Vindicated right? 184 00:10:00,400 --> 00:10:03,300 If you've just mad Odell says it perfectly if you just stayed 185 00:10:03,300 --> 00:10:06,300 humble. Stack SATs, take that Bitcoin 186 00:10:06,300 --> 00:10:08,000 that you you know bought off exchange. 187 00:10:08,000 --> 00:10:10,600 You mind it you got it peer-to-peer and take that 188 00:10:10,600 --> 00:10:14,900 Bitcoin into Cold Storage, you know, hide the key and just 189 00:10:14,900 --> 00:10:17,300 forget about it. If you just did that, none of 190 00:10:17,300 --> 00:10:18,700 this stuff would have affected you. 191 00:10:19,000 --> 00:10:23,700 In fact, not only did it not affect you right now Bitcoin is 192 00:10:23,700 --> 00:10:28,700 at a discount because of Sam's bullshit, right? 193 00:10:28,700 --> 00:10:31,500 I don't know what else to say. Opti you want to chime in before 194 00:10:31,500 --> 00:10:33,200 we move on to the news? Yeah, yeah. 195 00:10:33,200 --> 00:10:36,900 First off. Caitlin long with the sauce and 196 00:10:36,900 --> 00:10:38,900 not pulling any punches in that clip. 197 00:10:39,000 --> 00:10:43,100 Absolutely love to see it. And first I missed the whole 198 00:10:43,100 --> 00:10:46,000 Twitter peer-to-peer payment announcement so that's super 199 00:10:46,000 --> 00:10:49,500 super interesting to hear and I'm excited to see where that 200 00:10:49,500 --> 00:10:53,300 comes from but back to Caitlin. Like guys we tell you that every 201 00:10:53,300 --> 00:10:57,000 single day taking Bitcoin into self custody is the revolution 202 00:10:57,000 --> 00:11:01,400 because if you leave big horn on exchanges their rehypothecation 203 00:11:01,400 --> 00:11:04,100 your Bitcoin let's not pull any punches guys there's way more. 204 00:11:04,200 --> 00:11:06,100 Or paper Bitcoin out there than Bitcoin. 205 00:11:06,100 --> 00:11:08,800 And it's becoming very obvious because I don't know if you've 206 00:11:08,800 --> 00:11:12,100 noticed the price lately but it is cratering because there's 207 00:11:12,100 --> 00:11:14,900 more claims to bitcoin. There's more paper claims to 208 00:11:14,900 --> 00:11:18,200 than there are Bitcoin. And someone said in the chat, 209 00:11:18,200 --> 00:11:20,500 like these exchanges are not your friends. 210 00:11:20,500 --> 00:11:24,100 This is why we tell you guys. Take Bitcoin into self custody 211 00:11:24,300 --> 00:11:27,900 because once your coin is in self, custody, once is in cold 212 00:11:27,900 --> 00:11:32,300 storage and you on the private keys, they can't play these Fiat 213 00:11:32,300 --> 00:11:37,200 games with Bitcoin and this is We harp on this point every 214 00:11:37,200 --> 00:11:40,600 single day of the week that you need to take your Bitcoin in the 215 00:11:40,600 --> 00:11:42,800 self. Custody stop being afraid of 216 00:11:43,000 --> 00:11:46,900 losing your keys and thinking it is too complicated, it is very 217 00:11:46,900 --> 00:11:50,600 simple to do and this is the revolution guys, we need to 218 00:11:50,600 --> 00:11:54,400 defund these people because if you don't take your Bitcoin into 219 00:11:54,400 --> 00:11:57,800 self custody, they own that Bitcoin and they can do all 220 00:11:57,800 --> 00:12:00,700 kinds of crazy stuff that traditional banks will do with 221 00:12:00,700 --> 00:12:03,500 your money you because once it's in a bank, it's not your money 222 00:12:03,500 --> 00:12:05,700 anymore. That's how they make money is by 223 00:12:05,700 --> 00:12:07,300 selling more Bitcoin than they have. 224 00:12:07,300 --> 00:12:11,200 So, you know, shouts out to Kaitlyn long for for you know, 225 00:12:11,200 --> 00:12:15,500 giving us the sauce and also on mainstream news but in a silver 226 00:12:15,500 --> 00:12:18,600 lining to everything you know, a bunch of Bitcoins were created 227 00:12:18,600 --> 00:12:20,400 this weekend. And you know, we don't like the 228 00:12:20,400 --> 00:12:23,900 glow and and you know we don't we don't like to kick the horse 229 00:12:23,900 --> 00:12:27,000 while it's down. But this is why we tell you guys 230 00:12:27,000 --> 00:12:29,400 to take Bitcoin itself custody because you can avoid all of 231 00:12:29,408 --> 00:12:31,100 this, like, all my Bitcoin friends. 232 00:12:31,100 --> 00:12:33,400 What have we been doing? We've been watching the 233 00:12:33,400 --> 00:12:35,700 fireworks. And trying to stack as much 234 00:12:35,700 --> 00:12:38,900 Bitcoin right now as possible, you are unaffected, if you have 235 00:12:38,900 --> 00:12:42,200 Bitcoin in Cold Storage. So the only thing that that you 236 00:12:42,200 --> 00:12:44,600 need to be worried about is taking your Bitcoin off 237 00:12:44,600 --> 00:12:48,600 exchanges or buying Bitcoin on KY C, or whatever you got to do, 238 00:12:48,600 --> 00:12:51,700 but do not leave Bitcoin in someone else's custody because 239 00:12:51,700 --> 00:12:54,400 it's not your Bitcoin, not your keys, not your Bitcoin. 240 00:12:54,400 --> 00:12:57,000 It's a very simple Meme and we're gonna, we're gonna keep 241 00:12:57,000 --> 00:12:59,900 covering this for a while. I just, I know this news isn't 242 00:12:59,900 --> 00:13:04,400 going out of the new cycle so it's that we're going to Make 243 00:13:04,400 --> 00:13:06,500 sure you understand this, but I think. 244 00:13:06,500 --> 00:13:10,100 And, you know, the that's the, it's so simple, it's 245 00:13:10,100 --> 00:13:12,500 complicated. I think I said this to you when 246 00:13:12,500 --> 00:13:16,400 we were in La Opti and no BC session said, is it says it best 247 00:13:16,400 --> 00:13:20,500 by coin, join Cold Storage. It's really not that difficult 248 00:13:20,600 --> 00:13:22,600 buy Bitcoin, earn Bitcoin, mine Bitcoin. 249 00:13:22,600 --> 00:13:24,300 You take that Bitcoin you put in the cold storage. 250 00:13:24,300 --> 00:13:26,900 You could coin join it as well you put in a coin store that's 251 00:13:26,900 --> 00:13:28,700 it. That's all you have to do right. 252 00:13:28,700 --> 00:13:31,200 You know a lot of this a lot of this bullshit is because people 253 00:13:31,200 --> 00:13:33,400 get carried away with greed they're like oh I'm late to the 254 00:13:33,400 --> 00:13:35,100 party. I'm I want more Bitcoin. 255 00:13:35,100 --> 00:13:37,300 I'm going to you know, try to trade these shit coins. 256 00:13:37,600 --> 00:13:40,300 You know dude PPL. Get rekt, man, that people get 257 00:13:40,300 --> 00:13:43,700 wrecked and this bear Market is no different and it's just so 258 00:13:43,700 --> 00:13:47,200 it's clearing out all the bullshit nature is healing 259 00:13:47,200 --> 00:13:48,900 itself. But anyways let's get some news. 260 00:13:51,500 --> 00:13:55,700 The Daily News brought to you by B box to bitcoin, only 261 00:13:55,700 --> 00:13:59,000 additional Hardware wallet by shift crypto crypto like 262 00:13:59,000 --> 00:14:02,000 cryptography. It's secure, it's open source 263 00:14:02,000 --> 00:14:04,300 and it's so easy, your mom can set it up. 264 00:14:04,400 --> 00:14:07,500 Self custody is the revolution in the bit box. 265 00:14:07,500 --> 00:14:11,200 Makes it simple, do not leave your Bitcoin on an exchange 266 00:14:11,300 --> 00:14:13,200 order. A bit box today. 267 00:14:13,700 --> 00:14:17,200 All right so let's clear out what happened in the title 268 00:14:18,100 --> 00:14:20,000 couple days ago, unfortunately. We were late. 269 00:14:20,000 --> 00:14:22,000 So we couldn't cover right on the dot. 270 00:14:22,000 --> 00:14:27,200 Mike novogratz said on CNN BBC, super irresponsibly that El 271 00:14:27,200 --> 00:14:31,700 Salvador was potentially exposed to f d, f. 272 00:14:31,700 --> 00:14:36,600 Because F DX, because they after they actually left Bitcoin on ft 273 00:14:36,600 --> 00:14:39,600 x. Now quickly, the Twitter immune 274 00:14:39,600 --> 00:14:43,000 system reacted savagely. Stacey was like, Stacey Herbert 275 00:14:43,400 --> 00:14:45,100 was like, you know, that that's BS. 276 00:14:45,700 --> 00:14:48,800 This is a tweet by CZ. Mandy amount of information is 277 00:14:48,800 --> 00:14:51,500 insane. Exchange messages with present a 278 00:14:51,500 --> 00:14:53,300 mooc la. A few moments ago. 279 00:14:53,300 --> 00:14:56,900 He said we don't have any Bitcoin in ft x and we never had 280 00:14:56,900 --> 00:14:58,900 any business with them. Thank God. 281 00:14:58,900 --> 00:15:01,300 Exclamation mark. Now we mentioned in the very 282 00:15:01,300 --> 00:15:04,000 beginning of the show. Something called projection, 283 00:15:04,200 --> 00:15:06,500 right? What Mike novogratz was doing 284 00:15:06,500 --> 00:15:11,400 was projecting on to El Salvador and I'm buchelli. 285 00:15:11,500 --> 00:15:15,000 What, he was guilty of himself, and the reason I wanted to cover 286 00:15:15,000 --> 00:15:18,500 this guy's is because this article came out either today or 287 00:15:18,500 --> 00:15:21,300 yesterday. The headline for audio listeners 288 00:15:21,400 --> 00:15:26,300 billionaires Mike, novogratz discloses 77 million dollar 289 00:15:26,300 --> 00:15:33,600 exposure to crypto exchange FTX Mike novogratz was the one that 290 00:15:33,600 --> 00:15:36,900 got wrecked, not El Salvador, but I don't think. 291 00:15:36,900 --> 00:15:41,600 I don't think he, he could have allowed himself to look that 292 00:15:41,600 --> 00:15:49,200 much like a fool on MN on MSNBC. So what he clearly did was throw 293 00:15:49,600 --> 00:15:51,100 The country of El Salvador, right? 294 00:15:51,100 --> 00:15:52,500 Because you know what, you got to beat it up. 295 00:15:52,500 --> 00:15:54,600 Y'all them all the mainstream media is doing it, you know, 296 00:15:54,600 --> 00:15:56,100 might as well, throw them under the bus. 297 00:15:56,400 --> 00:15:59,700 So he blamed El Salvador for what he was guilty of himself. 298 00:15:59,700 --> 00:16:03,500 Let's check out some of the details Galaxy digital Holdings, 299 00:16:03,500 --> 00:16:06,200 the crypto financial services company, founded by billionaire. 300 00:16:06,200 --> 00:16:09,300 Michael novogratz has disclosed a seventy six point eight 301 00:16:09,300 --> 00:16:12,500 million dollar exposure to collapse exchange ft x and 302 00:16:12,500 --> 00:16:15,100 expects the turmoil in the industry to continue in the 303 00:16:15,108 --> 00:16:19,800 weeks ahead Galaxy, which uses FTX to hold assets said, Forty 304 00:16:19,800 --> 00:16:22,500 seven point five million dollars worth of assets is currently in 305 00:16:22,508 --> 00:16:25,100 the withdrawal process, the company disclosing its 306 00:16:25,100 --> 00:16:28,900 third-quarter results, FTX co-founded in 2019, by Chief 307 00:16:28,900 --> 00:16:33,000 Executive sandbank been fried and Gary wanted withdrawals on 308 00:16:33,000 --> 00:16:36,300 Tuesday, citing, a liquidity Crunch, and agreed to buyout 309 00:16:36,300 --> 00:16:39,400 offer from Finance which has since backed out of the deal 310 00:16:39,500 --> 00:16:43,800 galaxies neck. Comprehensive loss was 68 Point. 311 00:16:43,800 --> 00:16:47,500 1 million dollars compared to compared with a 570 million 312 00:16:47,500 --> 00:16:49,300 dollar gain in the same period a year ago. 313 00:16:49,700 --> 00:16:53,100 Primarily because of unrealized, losses of Investments driven by 314 00:16:53,100 --> 00:16:57,100 reduce valuations under external market conditions, quote, we are 315 00:16:57,100 --> 00:17:01,000 going to have to be nimble and agile for the next two to 12 316 00:17:01,000 --> 00:17:03,300 weeks. As this digest and people really 317 00:17:03,300 --> 00:17:08,400 make sense of what happened, dude, chick coiners getting 318 00:17:08,400 --> 00:17:10,300 rekt. That's what happened, bro. 319 00:17:11,000 --> 00:17:14,800 And of course, you know, trying to scape go, I'll Salvador was 320 00:17:14,800 --> 00:17:17,500 part of it and I'm sure that's just trying to make himself feel 321 00:17:17,500 --> 00:17:19,200 better. It's like nah, bro. 322 00:17:19,700 --> 00:17:22,599 El Salvador's in Bitcoin, and in Bitcoin. 323 00:17:22,599 --> 00:17:26,300 What you do is you, you bite on Exchange, you put it in self 324 00:17:26,300 --> 00:17:31,500 custody, that's it and a story. But if you try to, you know, 325 00:17:31,600 --> 00:17:35,100 deal with the shit coin casino and you leave on your money on 326 00:17:35,100 --> 00:17:38,900 exchanges, this is what could happen to you, right Opti said 327 00:17:38,900 --> 00:17:43,000 it in the beginning, not your keys, not your corn, not your 328 00:17:43,000 --> 00:17:47,200 keys, not your Bitcoin, like novogratz shame on you, brother, 329 00:17:47,500 --> 00:17:50,800 but exposed That's for sure. Opti. 330 00:17:50,800 --> 00:17:54,100 What are your thoughts, bro? Well, first and foremost, like 331 00:17:54,100 --> 00:17:56,400 you said, you know, the amount of shit coin projection. 332 00:17:56,400 --> 00:17:59,400 That's happened in this last week is absolutely insane. 333 00:17:59,400 --> 00:18:02,300 And, furthermore, Mike novigrad should know better. 334 00:18:02,300 --> 00:18:04,700 Like, he's a public-facing person in the fact that he's 335 00:18:04,700 --> 00:18:08,300 throwing El, Salvador under the bus, you know, the fact that he 336 00:18:08,300 --> 00:18:11,300 got wrecked in, you know, the news came out a few days later 337 00:18:11,300 --> 00:18:12,800 that he's the one that got wrecked. 338 00:18:13,300 --> 00:18:16,800 It's just it's just standard shit coin things, guys. 339 00:18:16,800 --> 00:18:19,300 Like you know, he said he does. I'll sell her under the bus. 340 00:18:19,400 --> 00:18:21,800 And then he tries to walk it back and says I'm sorry it's 341 00:18:21,800 --> 00:18:23,700 like the south parking. I'm sorry guys. 342 00:18:23,700 --> 00:18:27,300 Like I should have known better is it's just standard shit coin 343 00:18:27,300 --> 00:18:29,200 things on Twitter and and it's crazy. 344 00:18:29,200 --> 00:18:33,500 Furthermore not just not novogratz but all the other shit 345 00:18:33,500 --> 00:18:36,500 coin, Advocates on Twitter. This last week trying to roll 346 00:18:36,500 --> 00:18:40,800 back, they're atrocious. Shills the fact that, you know, 347 00:18:40,800 --> 00:18:44,700 they're trying to insulate this whole scenario as just a one-off 348 00:18:44,700 --> 00:18:46,800 thing. It's really crazy. 349 00:18:46,800 --> 00:18:50,000 The amount of mental gymnastics that people have Going through 350 00:18:50,000 --> 00:18:53,500 this last week and as a bit corner someone that just watches 351 00:18:53,500 --> 00:18:57,600 it from the sidelines, you know, like I hate to laugh at other 352 00:18:57,600 --> 00:19:00,900 people's pain because a lot of people got wrecked but like this 353 00:19:00,900 --> 00:19:03,500 is why we this is why Bitcoin is are so toxic. 354 00:19:03,500 --> 00:19:06,300 This is why Bitcoin is trying to propagate these memes all the 355 00:19:06,300 --> 00:19:09,700 time is because we're not just out here to being assholes to be 356 00:19:09,700 --> 00:19:11,100 assholes. You know, there are some 357 00:19:11,100 --> 00:19:14,600 assholes out there but for the most part it's like we all got 358 00:19:14,600 --> 00:19:18,100 wrecked in the past and you could save yourself if you just 359 00:19:18,100 --> 00:19:22,500 listen to the Owners out there because the safest bet is just 360 00:19:22,500 --> 00:19:26,500 going Bitcoin only and we are trying to stay and do this for 361 00:19:26,500 --> 00:19:29,300 the long run and, you know, shouts out to out, Salvador, 362 00:19:29,300 --> 00:19:32,300 naive buchelli for, you know, going out on Twitter and 363 00:19:32,300 --> 00:19:35,500 clearing the rumors up and basically doing his own dunking 364 00:19:35,500 --> 00:19:39,600 on Twitter. So, you know, it's again, I 365 00:19:39,600 --> 00:19:42,900 don't want to kick a dead horse, you know, Kick a Hole swabs down 366 00:19:43,200 --> 00:19:46,200 but like guys, we told you. So we've been telling you this 367 00:19:46,200 --> 00:19:49,300 was going to happen and, you know, I really like honey. 368 00:19:49,500 --> 00:19:51,900 Was it like nah man like we're Bitcoin only. 369 00:19:52,300 --> 00:19:55,800 This is why we say self custody is the Revolution take Bitcoin 370 00:19:55,800 --> 00:20:00,600 in cold storage because your Bitcoin in Cold Storage is 371 00:20:00,600 --> 00:20:03,100 unaffected like yes the prices down. 372 00:20:03,300 --> 00:20:04,500 Yes. You know, we're going to have to 373 00:20:04,500 --> 00:20:07,000 deal with the prolong even longer bear Market. 374 00:20:07,000 --> 00:20:10,300 But this is why we say take your Bitcoin in the self custody 375 00:20:10,300 --> 00:20:13,100 because you never know when this Black Swan event is going to 376 00:20:13,100 --> 00:20:17,400 happen and you get completely wiped out, stay humble Stacks at 377 00:20:17,400 --> 00:20:20,700 provide value and take Bitcoin in the Old storage and you will 378 00:20:20,700 --> 00:20:25,700 be unaffected 100%. And, guys remember the, the this 379 00:20:25,700 --> 00:20:29,700 FTX thing, right? The same problems that have been 380 00:20:29,700 --> 00:20:34,100 happening for a very long time. Now, the bank runs happen in the 381 00:20:34,108 --> 00:20:37,900 1930, it's like history is repeating itself once again 382 00:20:37,900 --> 00:20:42,100 because shit coins are fundamentally Fiat. 383 00:20:42,200 --> 00:20:45,400 Like they're controlled by a group of human beings. 384 00:20:45,400 --> 00:20:48,600 This Elite group of human beings and they get to dictate the 385 00:20:48,600 --> 00:20:52,800 monetary Policy or the direction that they want said, shit coined 386 00:20:52,800 --> 00:20:54,700 to go, right? And if you compare that with 387 00:20:54,700 --> 00:20:58,100 Bitcoin, Bitcoin has figured out, it's a Toshi, has been 388 00:20:58,100 --> 00:21:01,500 figured out better said, and then he gave that gift to us how 389 00:21:01,500 --> 00:21:05,200 to separate the monetary policy out of the hands of humans. 390 00:21:05,800 --> 00:21:08,400 And then you add to centralization you add the node 391 00:21:08,400 --> 00:21:11,000 Network. You not you add, you know, the, 392 00:21:11,000 --> 00:21:14,600 the hash tree that continues to go up, which represents the the 393 00:21:14,600 --> 00:21:17,800 amount of computational power, actively mining Bitcoin, which 394 00:21:17,800 --> 00:21:21,700 continues to go The which means theoretically Bitcoin continues 395 00:21:21,700 --> 00:21:24,900 to goes to get more secure. Dude. 396 00:21:24,900 --> 00:21:28,300 It's very, very, very unique and a lot of these shit coins. 397 00:21:28,300 --> 00:21:30,800 They portray themselves. Look, we have more features, we 398 00:21:30,800 --> 00:21:34,800 do this, we do that, but in, but what they do, is that they 399 00:21:34,800 --> 00:21:38,800 sacrifice to centralization in order to achieve those things, 400 00:21:38,800 --> 00:21:42,800 and because they do that, right? They can't separate money from 401 00:21:42,800 --> 00:21:45,200 State. Look at the example of etherium, 402 00:21:45,200 --> 00:21:46,700 right? As soon as aetherium move to 403 00:21:46,700 --> 00:21:49,300 proof of stake. We know now that the majority 404 00:21:49,400 --> 00:21:52,400 Already of aetherium. Validators are actively 405 00:21:52,400 --> 00:21:55,800 censoring for the u.s. government specifically, the US 406 00:21:55,800 --> 00:21:58,200 Treasury Office of foreign assets control. 407 00:21:58,300 --> 00:22:02,500 Now, going back to this idea. That ft x represents Fiat, 408 00:22:02,500 --> 00:22:03,800 right? All the lies, all the 409 00:22:03,800 --> 00:22:07,700 misrepresentations that come with Fiat and remember at the 410 00:22:07,700 --> 00:22:12,200 tippity top of the bull market. There was crazy celebrity 411 00:22:12,200 --> 00:22:16,900 endorsements that were backing up this exchange, right, mr. 412 00:22:16,900 --> 00:22:20,200 Wonderful from Shark Tank is like this guy, can't get Scammed 413 00:22:20,400 --> 00:22:22,700 Tom Brady right? You know if everyone's favorite 414 00:22:22,700 --> 00:22:27,000 quarterback you want a cup or Super Bowls bro like it was 415 00:22:27,000 --> 00:22:29,400 ridiculous and actually have a clip for you guys. 416 00:22:29,400 --> 00:22:32,800 Check this out. This is this is cringe stuff. 417 00:22:32,800 --> 00:22:37,800 Let's check it out. In managing the decisions on 418 00:22:37,800 --> 00:22:41,800 which projects to to invest in because I'm very fortunate. 419 00:22:41,800 --> 00:22:43,800 My deal flows insane. I see everything. 420 00:22:44,100 --> 00:22:48,600 And I have to disclose, I'm a paid, spokesperson 22, ft x and 421 00:22:48,600 --> 00:22:51,400 a shareholder there, too, because we mentioned them and 422 00:22:51,400 --> 00:22:55,700 big advocate for Sam because he has two parents that are 423 00:22:55,700 --> 00:22:58,600 compliance lawyers. If there's ever a place, I could 424 00:22:58,600 --> 00:23:01,100 be that I'm not going to get in trouble, it's going to be at 425 00:23:01,100 --> 00:23:03,700 FTX. So, what's up guys? 426 00:23:03,800 --> 00:23:05,200 I'm here with my boy, Sam from f. 427 00:23:05,400 --> 00:23:07,800 He acts we're at crypto Bahamas conference. 428 00:23:07,800 --> 00:23:09,800 We're going to start the day when you some tick-tocks for you 429 00:23:09,800 --> 00:23:12,400 guys and it's going to be amazing day. 430 00:23:12,400 --> 00:23:15,300 We'll get started, we'll do a get ready with Me. 431 00:23:16,000 --> 00:23:23,700 Sam, where you going bro, dude. Oh Fringe, embarrassing, and and 432 00:23:23,800 --> 00:23:26,400 like, think about it, it's maniacal because it's like, if 433 00:23:26,400 --> 00:23:30,000 you get all these people this face of approval, it was all a 434 00:23:30,000 --> 00:23:32,700 lie. Once you look behind the hood, 435 00:23:32,700 --> 00:23:34,800 right? The Miami Heat. 436 00:23:35,300 --> 00:23:39,100 IAM sponsorship, right? That it was all bullshit. 437 00:23:39,100 --> 00:23:43,000 It was all a lie and bitcoiners were attacked. 438 00:23:43,000 --> 00:23:45,800 We were, we were telling me were screaming from the rooftops the 439 00:23:45,800 --> 00:23:48,900 entire time. Stay humble stack SATs, buy 440 00:23:48,900 --> 00:23:52,500 Bitcoin, mine Bitcoin, earn Bitcoin and just said, just send 441 00:23:52,500 --> 00:23:55,600 that, that said, Bitcoin to your cold storage and that's it for 442 00:23:55,700 --> 00:23:58,900 forget about it, right? But people didn't want to do 443 00:23:58,900 --> 00:24:02,600 that. And here we are Vindicated, but 444 00:24:02,600 --> 00:24:06,000 only after the prices collapsed, 70 80 %. 445 00:24:06,000 --> 00:24:10,200 Hopefully, my hope is that through this pain and through 446 00:24:10,200 --> 00:24:13,000 this wreck miss that, some people are definitely enduring 447 00:24:13,500 --> 00:24:18,500 newly-minted. Toxic Maxi bitcoiners are being 448 00:24:18,500 --> 00:24:21,000 created. And the realizing that there is 449 00:24:21,000 --> 00:24:24,900 only one true, cryptocurrency, one, true cryptocurrency that 450 00:24:24,900 --> 00:24:28,500 can separate money from State. And that is Bitcoin. 451 00:24:28,900 --> 00:24:32,000 Anyways, let's cover because we were requested, let's cover what 452 00:24:32,000 --> 00:24:35,100 really happened in this drama in The Saga. 453 00:24:35,400 --> 00:24:40,700 Then very something, very interesting FTX had political 454 00:24:40,700 --> 00:24:44,700 connections, not only to a certain political party in the 455 00:24:44,700 --> 00:24:46,100 United States. You guys know the deal. 456 00:24:46,100 --> 00:24:48,400 We are a political and simply Bitcoin we don't lean left or 457 00:24:48,400 --> 00:24:51,900 right. We lean Bitcoin but it's very 458 00:24:51,900 --> 00:24:53,900 interesting and also very interesting. 459 00:24:53,900 --> 00:24:56,900 Right is remember guys remember Ross. 460 00:24:57,400 --> 00:25:00,000 Hey is giving two life sentences. 461 00:25:01,600 --> 00:25:04,500 Currently in a box right now and a high security prison. 462 00:25:05,500 --> 00:25:10,900 And this schmuck. Who stole the life savings of an 463 00:25:10,900 --> 00:25:16,800 ungodly amount of people. He's out and free and I wonder 464 00:25:16,800 --> 00:25:19,000 why that is what we'll get to why that is. 465 00:25:19,600 --> 00:25:22,600 And it's not that, you know, a lot of these Bitcoin, crypto 466 00:25:22,600 --> 00:25:25,400 people are protected member, what they did to Arthur, Hays, 467 00:25:26,300 --> 00:25:31,500 because B Max didn't adhere to, you know, the totalitarian, KY 468 00:25:31,500 --> 00:25:36,500 caml policy so they made an example out of him. 469 00:25:36,500 --> 00:25:39,100 But this guy, this guy's a sweetheart. 470 00:25:39,100 --> 00:25:41,100 I wonder why that is what we're going to get to it. 471 00:25:41,100 --> 00:25:45,100 But it's also very troubling because remember, A lot of these 472 00:25:45,100 --> 00:25:48,800 regulations and a lot. What gives these people? 473 00:25:48,800 --> 00:25:51,900 This ability to say, guys, you know, we want to implement this 474 00:25:51,900 --> 00:25:54,500 kyc, they want to is this sense of morality. 475 00:25:54,500 --> 00:25:57,200 It's like guys, we know we're trying to do what's best for 476 00:25:57,200 --> 00:26:02,000 everybody, but clearly some people play by different rules 477 00:26:02,000 --> 00:26:05,900 and that's exactly what happened during the 2008 financial 478 00:26:05,900 --> 00:26:09,600 crisis. Not one Banker went to jail 479 00:26:09,800 --> 00:26:14,000 because of that. And is Sam bank, man. 480 00:26:14,400 --> 00:26:18,000 And he different, we shall see. We'll stay on top of it. 481 00:26:18,200 --> 00:26:21,600 Anyways, FTX the 32 billion dollar. 482 00:26:21,600 --> 00:26:24,100 An implosion today, we're talking about FTX the crypto 483 00:26:24,100 --> 00:26:25,600 exchange that we saw its evaluation. 484 00:26:25,600 --> 00:26:29,000 Implode from thirty two billion 20 Dollars in a single day, the 485 00:26:29,000 --> 00:26:33,500 entire drama unfolded on Twitter and I'm going to pull up this 486 00:26:33,800 --> 00:26:38,000 tweet by Lynn Alden which perfectly summarizes, it really 487 00:26:38,000 --> 00:26:39,800 well. Imagine McDonald's makes its own 488 00:26:39,800 --> 00:26:41,600 money. Let's call them clown. 489 00:26:41,700 --> 00:26:45,200 Ex keep most of it, sell some of it to the market McDonald's, 490 00:26:45,200 --> 00:26:48,200 then uses their remaining clown bucks as collateral for actual 491 00:26:48,200 --> 00:26:51,000 loans. And then people remember, Clown 492 00:26:51,000 --> 00:26:55,400 books aren't real and I think that explanation is absolutely 493 00:26:55,400 --> 00:26:58,400 perfect. Now, let's get into the 494 00:26:58,400 --> 00:27:01,300 political connections of this exchange, right? 495 00:27:01,300 --> 00:27:04,400 Very, very sketchy, interesting stuff. 496 00:27:05,500 --> 00:27:09,300 So cryptic collapse crypto currency exchange FTX had ties 497 00:27:09,300 --> 00:27:14,000 to Ukrainian government, the web And top Biden advisor. 498 00:27:14,100 --> 00:27:19,000 Very interesting FTX made waves, with early endorsements by NFL 499 00:27:19,000 --> 00:27:21,200 Tom. Brady supermodel Gisele Bundchen 500 00:27:21,200 --> 00:27:23,900 and NBA superstar. Stephen Curry FDX spent big 501 00:27:23,900 --> 00:27:27,500 money on a Super Bowl commercial featuring Seinfeld in 2021. 502 00:27:27,500 --> 00:27:32,100 FTX Inked, a reported 135 million dollar 19-year deal with 503 00:27:32,100 --> 00:27:35,400 the NBA's Miami Heat arena to rename the American Airlines 504 00:27:35,400 --> 00:27:38,200 Arena to the FTX Arena. They're already taking it down. 505 00:27:38,400 --> 00:27:40,800 Check this out. There's a screenshot from a 506 00:27:40,808 --> 00:27:43,800 tower that is facing the Top of the FDX Arena, they're already 507 00:27:43,800 --> 00:27:46,600 pulling it down. Anyways, then the FTX collapse 508 00:27:46,600 --> 00:27:48,400 happen within the span of a few days. 509 00:27:48,400 --> 00:27:51,600 FTX co-founder sandbank been fried freed known in the 510 00:27:51,608 --> 00:27:55,000 industry as FS. BF lost nearly all his sixteen 511 00:27:55,000 --> 00:27:57,600 billion dollar fortune and what Bloomberg called one of 512 00:27:57,600 --> 00:28:01,400 History's Greatest ever destructions of wealth hashtag 513 00:28:01,400 --> 00:28:04,700 wrecked and well deserved by the way, Reuters reported that 514 00:28:04,700 --> 00:28:07,900 between 1 billion in and two billion dollars in customer 515 00:28:07,900 --> 00:28:11,300 funds vanished from the FTX crypto currency exchange. 516 00:28:11,300 --> 00:28:15,200 The outlet also Claim that FDX secretly funneled 10 billion 517 00:28:15,200 --> 00:28:18,300 dollars of customer funds into his Trading Company. 518 00:28:18,300 --> 00:28:22,300 I'll meta research the Daily Mail claim that SBS alleged 519 00:28:22,300 --> 00:28:26,200 girlfriend, Caroline Elson ran the sister Trading Company. 520 00:28:26,900 --> 00:28:29,200 This is what happens. When you get coin on an exchange 521 00:28:29,200 --> 00:28:30,600 is sense. It's not not your Bitcoin. 522 00:28:30,600 --> 00:28:34,600 You're trusting that exchange to having try to have integrity, 523 00:28:35,300 --> 00:28:39,100 but think about the incentives. The incentives are not aligned, 524 00:28:39,300 --> 00:28:41,900 right? And I don't necessarily think 525 00:28:42,000 --> 00:28:45,900 Look, you could definitely make the argument that SBF lacks 526 00:28:45,900 --> 00:28:50,000 morality but I don't think that when he was doing all this stuff 527 00:28:50,000 --> 00:28:52,700 he was like I'm going to steal people's funds, they would 528 00:28:52,700 --> 00:28:55,600 Bernie Madoff. I think that they generally got 529 00:28:55,600 --> 00:28:59,500 in over their heads and there was two you couldn't do anything 530 00:28:59,500 --> 00:29:04,100 about it after the fact, right? So why am I bringing all this 531 00:29:04,100 --> 00:29:07,600 up? Because take away the incentives 532 00:29:08,000 --> 00:29:10,800 of people to cheat. Take away the incentives of 533 00:29:10,800 --> 00:29:13,300 people to lie. And the way you do that is you 534 00:29:13,300 --> 00:29:16,500 stop Outsourcing the responsibility of the storage of 535 00:29:16,500 --> 00:29:18,900 your wealth. Period. 536 00:29:19,200 --> 00:29:22,600 Don't give that person, that great of an incentive. 537 00:29:22,600 --> 00:29:25,500 Remember the saying absolute power, corrupts, absolutely. 538 00:29:25,700 --> 00:29:29,000 If you had sixteen billion dollars of client funds there, 539 00:29:30,100 --> 00:29:33,400 dude, that person require that person needed a tremendous 540 00:29:33,400 --> 00:29:37,300 amount of Integrity to tremendous amount of personal 541 00:29:37,300 --> 00:29:39,400 responsibility. Right? 542 00:29:39,400 --> 00:29:42,200 Not to take those decisions. Of course, there are exchanges 543 00:29:42,400 --> 00:29:45,500 that are doing that, but not all of them. 544 00:29:45,700 --> 00:29:49,200 And why you going to still? Statics changes that they aren't 545 00:29:49,200 --> 00:29:53,000 doing that in the first place. Stop trusting other people 546 00:29:53,200 --> 00:29:56,400 minimize that trust whether that's running your own version 547 00:29:56,400 --> 00:29:59,200 of Bitcoin because you're running your own node whether 548 00:29:59,200 --> 00:30:03,800 that's storing your own Bitcoin, stop trusting other people if 549 00:30:03,800 --> 00:30:07,500 you don't have to minimize that trust and that also applies to 550 00:30:07,500 --> 00:30:11,000 food that also applies to health do your own research. 551 00:30:11,000 --> 00:30:15,600 Now you have the internet, the internet has empowered you but 552 00:30:15,600 --> 00:30:18,800 you got to use it anyways. Get watch reported SBF 553 00:30:18,800 --> 00:30:21,400 contributed more than five million dollars to Joe by. 554 00:30:21,700 --> 00:30:24,600 I didn't and group supporting his 2020 presidential campaign. 555 00:30:24,800 --> 00:30:26,900 He said he was motivated by buy-ins G. 556 00:30:27,600 --> 00:30:31,000 Generic stability and decision making progress we talked about 557 00:30:31,000 --> 00:30:33,900 the same Biden anyways. Beckman fried gave Democrats 558 00:30:33,900 --> 00:30:37,400 nearly 37 million dollars in the twenty Twenty-One twenty-two. 559 00:30:37,400 --> 00:30:41,200 Election cycle, SBF was the second biggest individual donor 560 00:30:41,200 --> 00:30:44,900 to the Democrats, only to be surpassed by 128 million dollars 561 00:30:44,900 --> 00:30:47,300 from George Soros and Maybank been fried. 562 00:30:47,400 --> 00:30:50,700 That he expected to donate north of 100 million to Democrats in 563 00:30:50,700 --> 00:30:54,200 the 2024 presidential in. But vowed to have a softer 564 00:30:54,200 --> 00:30:57,700 ceiling of political spending of 1 billion afforded former 565 00:30:57,700 --> 00:31:00,700 President, Trump ran again, Venkman fries mother Barbara 566 00:31:00,700 --> 00:31:03,600 fried is a Stanford professor and has written extensively on 567 00:31:03,600 --> 00:31:06,800 questions of distributive, justice in the areas of tax 568 00:31:06,800 --> 00:31:08,900 policy property Theory, political Theory. 569 00:31:09,100 --> 00:31:12,000 She is also the co-founder of mind, the gap, political action 570 00:31:12,000 --> 00:31:14,800 committee, that was established in 2018 to help the Democrats 571 00:31:14,800 --> 00:31:18,800 win elections the FDX. Connection to the Ukrainian 572 00:31:18,800 --> 00:31:21,800 government and the weft Curiosity curiously, the 573 00:31:21,800 --> 00:31:24,500 Ukrainian government launched a cryptocurrency donation website 574 00:31:24,500 --> 00:31:29,500 in March that was backed by FTX coined s report aid for Ukraine 575 00:31:29,500 --> 00:31:32,500 which has the backing of crypto exchange FTX taking platform 576 00:31:32,500 --> 00:31:33,700 ever stake. In Ukraine's. 577 00:31:33,900 --> 00:31:37,600 Coin exchange will route donated crypto to the National Bank of 578 00:31:37,600 --> 00:31:40,200 Ukraine ever Stakes head of growth Vlad. 579 00:31:40,200 --> 00:31:44,000 Lakota told coined s Ukraine's, crypto Savvy Ministry of digital 580 00:31:44,000 --> 00:31:47,300 transformation is also involved and ever steak press release. 581 00:31:47,400 --> 00:31:49,700 Dated aid for Ukraine is cooperating with the crypto 582 00:31:49,700 --> 00:31:53,100 currency exchange ft x, which converts crypto funds received 583 00:31:53,100 --> 00:31:55,900 into Fiat and sends the donations to the National Bank 584 00:31:55,900 --> 00:31:58,100 of Ukraine. This marks the first ever 585 00:31:58,100 --> 00:32:01,200 intensive, instance of crypto currency exchange directly 586 00:32:01,200 --> 00:32:04,300 cooperating with a public Financial entity to provide a 587 00:32:04,308 --> 00:32:06,900 conduit for crypto donations earlier this month. 588 00:32:06,900 --> 00:32:10,500 FTX already converted 1 million dollars worth of a soul and 589 00:32:10,500 --> 00:32:13,600 transferred it to the National Bank of Ukraine. 590 00:32:14,500 --> 00:32:17,600 Very interesting. Now let's get into some Of the 591 00:32:17,600 --> 00:32:21,300 theories that we're seeing hang on Twitter, which is definitely 592 00:32:21,300 --> 00:32:26,300 something to have a note about. And sometimes theme is the best 593 00:32:26,700 --> 00:32:30,600 the best thing to describe. So since us tax dollars at work, 594 00:32:30,600 --> 00:32:33,400 and it's a picture of sandbank been freed and it's an arrow 595 00:32:33,400 --> 00:32:36,100 that says donates dollars to democratic party packs and 596 00:32:36,100 --> 00:32:38,700 candidates Democratic party backs. 597 00:32:38,700 --> 00:32:42,800 B, in Biden, gives us tax dollars informant and form of 598 00:32:42,800 --> 00:32:44,900 military humanitarian Aid to Ukraine. 599 00:32:45,200 --> 00:32:49,200 And then Ukraine uses USA to Partner with FTX, and it's all 600 00:32:49,200 --> 00:32:53,100 just one thing. Oh, man, this is crazy. 601 00:32:54,300 --> 00:32:56,600 Now, here's Tom fitton. He says, while the buck Gang has 602 00:32:56,600 --> 00:32:59,100 been harassing and threatening Elon Musk, and his company's, 603 00:32:59,200 --> 00:33:01,900 one of the worst scams in modern Finance was being perpetrated on 604 00:33:01,900 --> 00:33:04,500 the noise under the nose by regular White House. 605 00:33:04,600 --> 00:33:08,200 He'll visit a visitor and the second biggest Democratic donor 606 00:33:08,400 --> 00:33:12,500 SPF was a major Democratic, donors said, Elon Musk, so no 607 00:33:12,500 --> 00:33:15,300 investigation and then Elon Musk does kind of like this whole 608 00:33:15,300 --> 00:33:18,300 meme set up. Again since Sam Bank Freed cof 609 00:33:18,300 --> 00:33:22,800 TX MIT graduate Gary Gensler. Head of SEC, former professor at 610 00:33:22,800 --> 00:33:27,200 MIT, Glenn Ellison professor of Economics at MIT former boss of 611 00:33:27,200 --> 00:33:31,300 Gary Gensler and then Caroline Ellison, CEO of amida, dated 612 00:33:31,300 --> 00:33:34,800 Bank Winfrey daughter of Glen Ellison, which is a professor at 613 00:33:34,800 --> 00:33:37,500 MIT this. It's not. 614 00:33:37,900 --> 00:33:40,400 And that, that, by the way, isn't just a meme from anyone, 615 00:33:40,400 --> 00:33:42,300 that's a mean from Elon Musk, right? 616 00:33:42,500 --> 00:33:46,700 This is insane. Here's a screenshot of Ukraine 617 00:33:46,700 --> 00:33:48,800 partners. With FTX ever stick to launch 618 00:33:48,800 --> 00:33:51,800 new, crib, donation website. And here's Jack. 619 00:33:51,800 --> 00:33:53,600 Personas computer conspiracy, theorists. 620 00:33:53,600 --> 00:33:56,100 Say politicians are using Ukraine spent spending to 621 00:33:56,100 --> 00:33:58,100 monitor money launderer. Direct payments for their own 622 00:33:58,100 --> 00:34:01,200 re-elections media. Says No Such Thing occurred 623 00:34:01,200 --> 00:34:05,300 reality FTX dude. Oh my God. 624 00:34:05,300 --> 00:34:08,900 Okay now World economic forum is trying to you know clean up the 625 00:34:08,900 --> 00:34:12,199 the garbage just like what they did with their Infamous article. 626 00:34:12,300 --> 00:34:15,400 You own nothing and be happy. They made that article disappear 627 00:34:15,400 --> 00:34:17,699 off the face of the internet. Well they did the Same thing 628 00:34:17,699 --> 00:34:21,500 with this Clause, Schwab's World economic Forum has scrub, the 629 00:34:21,500 --> 00:34:25,600 page about the 50x crypto exchange from it website. 630 00:34:26,400 --> 00:34:33,500 Oh my god, dude. Oh my God, the guy's a piece of 631 00:34:33,500 --> 00:34:34,900 shit. Dude, this is I don't. 632 00:34:34,900 --> 00:34:36,600 This is worse than Bernie Madoff. 633 00:34:36,600 --> 00:34:40,000 Holy crap, man. Just ran out with people's money 634 00:34:40,199 --> 00:34:45,300 like a bandit but look, guys, it comes down to a very basic 635 00:34:45,300 --> 00:34:47,199 issue, okay? Stop. 636 00:34:47,300 --> 00:34:51,400 Trusting someone else with your money especially now that we 637 00:34:51,400 --> 00:34:55,699 have a technology that makes that unnecessary or these things 638 00:34:55,699 --> 00:34:59,500 will just continue to happen. Stop trusting people with all 639 00:34:59,500 --> 00:35:03,200 this money, especially the money that doesn't belong to them, but 640 00:35:03,200 --> 00:35:05,000 they use it as if, if they do belong to him. 641 00:35:05,100 --> 00:35:08,300 And you know, the funniest part Opti is that he went on to say, 642 00:35:08,300 --> 00:35:12,800 like, with like this God like, you know, complex, I drive a 643 00:35:12,800 --> 00:35:16,900 Toyota, you know, I'm gonna give all this money away after I die. 644 00:35:17,100 --> 00:35:20,400 Hey, Like my bro that she wasn't yours in the first place to give 645 00:35:20,400 --> 00:35:23,900 away. Oh my god, dude. 646 00:35:23,900 --> 00:35:28,900 Oh my God, guys. Stay humble Stacks that. 647 00:35:29,000 --> 00:35:32,200 Take Bitcoin, You by earn it. You mine it, put it into self 648 00:35:32,200 --> 00:35:36,200 custody, get yourself, a bit box, a treasure a ledger cold 649 00:35:36,200 --> 00:35:40,300 card, download an ethical Bitcoin wallet like to use 650 00:35:40,300 --> 00:35:44,100 Beauty on Zone words, right? Blue wall is good Specter 651 00:35:44,100 --> 00:35:47,000 electrum just make sure it's open source. 652 00:35:47,000 --> 00:35:50,400 Make Make sure it has a really good reputation and just man 653 00:35:50,400 --> 00:35:53,300 take that Bitcoin itself. Custody moon is a good one as 654 00:35:53,300 --> 00:35:55,900 well. And just avoid this man, this 655 00:35:55,900 --> 00:35:58,400 could have all been avoided if people took personal 656 00:35:58,400 --> 00:36:03,500 responsibility and learned and took self custody of their 657 00:36:03,500 --> 00:36:08,000 Bitcoin Opti, what's good? Well, once you cover it like 658 00:36:08,000 --> 00:36:11,400 this, like you couldn't even make this stuff like FTX 659 00:36:11,400 --> 00:36:14,100 created, the worst of the Fiat system and, you know, we try to 660 00:36:14,100 --> 00:36:17,800 put it on my block chain and I'm really surprised that This blew 661 00:36:17,800 --> 00:36:20,800 up this quickly because they came out of nowhere in two 662 00:36:20,800 --> 00:36:24,700 years, it just the game, completely got wreck and this 663 00:36:24,700 --> 00:36:26,400 debacle just gets crazier and crazier. 664 00:36:26,400 --> 00:36:29,100 As more news comes out, you know, bakeman freed parents 665 00:36:29,100 --> 00:36:32,700 being compliance, lawyers, like the shell company that FDX was 666 00:36:32,700 --> 00:36:35,300 structured under the celebrity endorsements. 667 00:36:35,900 --> 00:36:38,400 Are, you know, for the proof that she coined are just 668 00:36:38,400 --> 00:36:41,400 marketing scams are just one big marketing team? 669 00:36:42,100 --> 00:36:44,300 You know, the fact that had billions of dollars of exposure 670 00:36:44,300 --> 00:36:47,100 to bitcoin and had basically zero reserves, like so much 671 00:36:47,300 --> 00:36:50,300 Paper Bitcoin coming out of FTX. It's absolutely insane. 672 00:36:50,400 --> 00:36:53,300 Like you said, the money sent to the Democrats and then Ukraine 673 00:36:53,300 --> 00:36:57,100 just using my blockchain to basically have blatant money 674 00:36:57,100 --> 00:36:58,500 laundering. Like they're trying to, you 675 00:36:58,500 --> 00:37:02,700 know, skirt this Fiat system and supposedly supposedly allegedly, 676 00:37:02,700 --> 00:37:07,300 allegedly, allegedly, exactly the connections to Gary Gensler 677 00:37:07,300 --> 00:37:11,600 Caroline's that like it's absolute clown show. 678 00:37:11,600 --> 00:37:14,400 Like this is absolutely insane man. 679 00:37:14,400 --> 00:37:19,400 Like this is nuts and then Just a, just, add on the mr. 680 00:37:19,400 --> 00:37:21,300 Wonderful news. You know, he gets absolutely 681 00:37:21,300 --> 00:37:25,500 wrecked and now he's parading on Twitter and anywhere he can to 682 00:37:25,500 --> 00:37:29,900 say, oh now I want regulation in crypto land, and it's like, bro. 683 00:37:29,900 --> 00:37:32,000 Like we've been telling you this for so long. 684 00:37:32,000 --> 00:37:35,100 Like we thought that 3ac, the three hours capital in the South 685 00:37:35,100 --> 00:37:38,100 Seas explosion was bad. Like this will be used for so 686 00:37:38,100 --> 00:37:41,100 long to regulate Bitcoin regulate the crypto space at 687 00:37:41,100 --> 00:37:43,900 large and it this is just a low-hanging fruit that they will 688 00:37:43,900 --> 00:37:47,400 continue to parade around so that they can try to get at The 689 00:37:47,400 --> 00:37:49,600 Grubby fingers on what we're doing out here. 690 00:37:49,600 --> 00:37:53,300 But as we tell you guys all the time, Bitcoin is the only free 691 00:37:53,300 --> 00:37:55,800 market in the world and this is nature healing itself. 692 00:37:55,800 --> 00:37:59,600 So like there is no backstop. There is no bailouts and even 693 00:37:59,600 --> 00:38:02,400 though some of the shit Corners would want that and they're 694 00:38:02,400 --> 00:38:05,500 parading around about, we're going to have, you know, we're 695 00:38:05,500 --> 00:38:08,600 going to have these funds so that we can bail out illiquid 696 00:38:08,600 --> 00:38:12,100 exchanges and all this stuff. It's like just stop giving out 697 00:38:12,100 --> 00:38:14,900 more paper Bitcoin than you have in Bitcoin. 698 00:38:14,900 --> 00:38:18,700 And this would completely be Laminated guys, this is why we 699 00:38:18,700 --> 00:38:22,200 go so hard on the idea of self custody is the revolution. 700 00:38:22,500 --> 00:38:25,700 You know, tell the people that you buy to your Bitcoin from to 701 00:38:25,700 --> 00:38:29,000 show you proof of reserves. They better have all the Bitcoin 702 00:38:29,000 --> 00:38:31,500 that Acclaim. But even if they don't take your 703 00:38:31,500 --> 00:38:34,400 Bitcoin into self custody, it doesn't even it doesn't even 704 00:38:34,400 --> 00:38:36,200 matter. It doesn't even I'm saying, like 705 00:38:36,200 --> 00:38:38,400 it doesn't even matter, it's like just don't trust them. 706 00:38:38,400 --> 00:38:41,800 Like you buy it just withdrawal as soon as possible, then just 707 00:38:41,800 --> 00:38:45,000 send it over like mine it or earn it peer-to-peer dude look 708 00:38:45,100 --> 00:38:49,800 and thanks to the kyc AML Relations the criminals at ft x 709 00:38:49,800 --> 00:38:53,800 now, have the name, addresses passport information of all 710 00:38:53,800 --> 00:39:00,000 those customers. You can't recreate the Fiat 711 00:39:00,000 --> 00:39:03,000 system on bitcoin. This wall happen continuously 712 00:39:03,000 --> 00:39:05,000 until people learn what we travel for under. 713 00:39:05,000 --> 00:39:07,000 One goes to jail over under. He goes to jail. 714 00:39:07,000 --> 00:39:11,100 He it's under under. Yeah, because of the, the whole, 715 00:39:11,100 --> 00:39:13,400 the whole political connections. Like it? 716 00:39:13,400 --> 00:39:14,000 Yes. Exactly. 717 00:39:14,000 --> 00:39:16,700 Look at everyone else. That's been, you know, blowing 718 00:39:16,700 --> 00:39:19,800 up stuff like my schinsky decoys and he in jail yet. 719 00:39:19,800 --> 00:39:23,000 That's the crazy part. He's stole people's money. 720 00:39:23,000 --> 00:39:26,600 He stole Billy bro. I was reading horror stories man 721 00:39:26,600 --> 00:39:29,200 of You're saying like this is my life savings. 722 00:39:29,600 --> 00:39:35,900 My life savings and other gone like oh man, dude, oh man, 723 00:39:35,900 --> 00:39:39,300 absolutely horrible like this, this will be used for a while. 724 00:39:39,300 --> 00:39:42,800 The paint is all as criminals as money launderers. 725 00:39:43,100 --> 00:39:47,000 As as we are doing something that isn't isn't this peaceful 726 00:39:47,000 --> 00:39:50,000 revolution of just opting out of this madness and saving your 727 00:39:50,000 --> 00:39:52,100 wealth for the future. Like this is why we tell you 728 00:39:52,100 --> 00:39:56,700 guys to use ethical Bitcoin wallets to take Bitcoin in the 729 00:39:56,900 --> 00:40:00,400 Of custody, provide, the value, stay humble Stacks at and you 730 00:40:00,408 --> 00:40:02,200 can avoid all of this stuff guys. 731 00:40:02,800 --> 00:40:05,800 Absolutely insane. Clown World confirmed, clown 732 00:40:05,800 --> 00:40:08,400 World confirmed. Anyways let's get to the 733 00:40:08,400 --> 00:40:14,200 culture, let's do it. The daily culture brought to you 734 00:40:14,200 --> 00:40:18,900 by Swan Bitcoin.com, Swan is the best way to build your Bitcoin 735 00:40:18,900 --> 00:40:21,900 stack with automated Bitcoin savings plans and instant 736 00:40:21,900 --> 00:40:26,500 purchases serving clients of any size from ten dollars to ten 737 00:40:26,600 --> 00:40:28,600 million dollars. We love Swan because they 738 00:40:28,600 --> 00:40:32,300 incentivize self custody and dollar cost averaging. 739 00:40:32,400 --> 00:40:36,400 What do you waiting for visit Swan Bitcoin.com today. 740 00:40:37,500 --> 00:40:40,800 All right up t0, right? American hot oils back. 741 00:40:40,800 --> 00:40:42,200 Yes. American hot. 742 00:40:42,200 --> 00:40:46,800 Oh, everyone's favorite shit. Poster on Twitter is back and 743 00:40:46,800 --> 00:40:48,600 he's got a very simple tweet here in. 744 00:40:48,600 --> 00:40:51,900 This is why I wanted to start this, because we get a lot of 745 00:40:51,900 --> 00:40:55,900 flak because we continue to go over the Bitcoin fundamentals 746 00:40:55,900 --> 00:40:58,200 because you guys don't see the numbers, but we're getting a 747 00:40:58,200 --> 00:41:00,600 whole lot of new bitcoiners out there, a whole lot of new 748 00:41:00,600 --> 00:41:04,200 followers and not, everyone is deep in the weeds, not everyone 749 00:41:04,200 --> 00:41:08,200 is in the Nuance like us. So, as hottel tweets, he says, 750 00:41:08,200 --> 00:41:11,100 after this week, I feel we must continuously resided. 751 00:41:11,200 --> 00:41:14,300 Restate the obvious and this is something that Nico and I have 752 00:41:14,300 --> 00:41:17,200 been doing for a while. Nica goes into the weeds in the 753 00:41:17,200 --> 00:41:20,100 news section, you know, he goes full Nico Jones on you. 754 00:41:20,500 --> 00:41:25,700 And in the culture segment, I just go and reiterate what? 755 00:41:25,700 --> 00:41:28,900 We all know to be the culture of Bitcoin, because there's new 756 00:41:28,900 --> 00:41:32,000 people coming into the fold and we got a hit on with the sauce 757 00:41:32,000 --> 00:41:34,700 so that they know how to protect themselves. 758 00:41:34,700 --> 00:41:38,000 How to continue to not get wrecked at this stuff. 759 00:41:38,000 --> 00:41:43,000 So we are going to continuously The obvious because people still 760 00:41:43,000 --> 00:41:45,400 don't get it and it's becoming more and more obvious that 761 00:41:45,400 --> 00:41:48,300 people don't get it because there's still so much paper 762 00:41:48,300 --> 00:41:51,800 Bitcoin out there that we need to take our Bitcoin of 763 00:41:51,800 --> 00:41:53,300 exchanges. Absolutely amazing. 764 00:41:53,300 --> 00:41:58,400 Anyways, I found this thread by Gigi and it's exactly what we're 765 00:41:58,400 --> 00:42:02,900 trying to tell you guys restate, the obvious as much as possible. 766 00:42:02,900 --> 00:42:06,200 Don't get into the weeds, you know, give people the basics so 767 00:42:06,208 --> 00:42:08,800 that they know what is going on and after you give them the 768 00:42:08,800 --> 00:42:10,600 basics and they know what's going on. 769 00:42:10,600 --> 00:42:14,300 We can get It into the Nuance but at Gigi puts in a tweet and 770 00:42:14,300 --> 00:42:15,600 I'll put this in the description. 771 00:42:15,600 --> 00:42:18,500 It goes, it's easy to dismiss. The Bitcoin mantras as just 772 00:42:18,500 --> 00:42:20,400 meme. Stay humble Stacks at. 773 00:42:20,400 --> 00:42:24,000 It's not your keys, not your Bitcoin, there is no second best 774 00:42:24,000 --> 00:42:26,700 so let's unpack them. And guys, I'll put in the 775 00:42:26,700 --> 00:42:29,000 description, I just realized that I haven't added it yet, but 776 00:42:29,000 --> 00:42:32,900 I will after the show first and foremost, a humble, don't trade 777 00:42:32,900 --> 00:42:35,500 don't use leverage. Don't overextend yourself guys. 778 00:42:35,500 --> 00:42:38,400 What do I tell you? Every single day just provide 779 00:42:38,400 --> 00:42:41,000 value. Saving Bitcoin and go and live. 780 00:42:41,200 --> 00:42:44,900 Life, do not get crazy over. Leverage yourself go, you know, 781 00:42:44,900 --> 00:42:48,900 hundred X yellow Long's on this stuff because this is what we're 782 00:42:48,900 --> 00:42:51,600 trying to avoid. Is you guys wrecking yourself, 783 00:42:51,600 --> 00:42:54,400 because it's very easy to get greedy out here. 784 00:42:54,400 --> 00:42:57,900 We all want more Bitcoin but you need to stay humble and stacks 785 00:42:57,900 --> 00:43:01,700 at skies and furthermore put that Bitcoin into cold storage 786 00:43:01,700 --> 00:43:04,900 because the next meme not your keys, not your Bitcoin. 787 00:43:04,900 --> 00:43:08,700 Bitcoin is a digital bear asset. The power of Bitcoin stands from 788 00:43:08,700 --> 00:43:10,900 self. Custody guys, we say to every 789 00:43:10,900 --> 00:43:13,900 single single day, self custody is the revolution. 790 00:43:13,900 --> 00:43:16,800 You need to hold your own keys or it is not your Bitcoin. 791 00:43:17,000 --> 00:43:21,600 Take control of your Bitcoin by saving that 12 to 24 words and 792 00:43:21,600 --> 00:43:24,600 putting your Bitcoin in what we like to call, you know, ethical 793 00:43:24,600 --> 00:43:26,800 Bitcoin wild. We're Stealing Beauty ons memes 794 00:43:27,100 --> 00:43:29,500 and there's a lot of wallet options out there guys. 795 00:43:29,600 --> 00:43:33,100 You may like different wallets than what we like, but I got a 796 00:43:33,108 --> 00:43:34,000 name. The name is that? 797 00:43:34,000 --> 00:43:35,300 I am that. I love manly. 798 00:43:35,300 --> 00:43:38,300 You know, Bitcoin core Sparrow Specter for your desktop if you 799 00:43:38,300 --> 00:43:41,900 just have an old laptop, download these for your Stop. 800 00:43:42,000 --> 00:43:45,500 And furthermore, maybe you don't have a desk or laptop, you just 801 00:43:45,500 --> 00:43:47,800 have you just want a wallet on your phone man? 802 00:43:48,000 --> 00:43:51,500 Then use blue wallet Pine Phoenix Moon Breeze while it is 803 00:43:51,508 --> 00:43:54,000 Satoshi. There's Moors, but these are the 804 00:43:54,000 --> 00:43:56,800 ones that I'm recommending. And if you want to get a little, 805 00:43:57,700 --> 00:44:02,300 a little more Advance on your setups, then download our go buy 806 00:44:02,300 --> 00:44:05,000 Hardware wallet. We got cold card seed signer or 807 00:44:05,000 --> 00:44:06,700 one of our sponsors bit box guys. 808 00:44:06,700 --> 00:44:09,400 Like these are the tools you need to be using. 809 00:44:09,400 --> 00:44:11,000 You need to take your Bitcoin in. 810 00:44:11,100 --> 00:44:13,500 To cold storage. Because if you do not own the 811 00:44:13,500 --> 00:44:16,500 keys, it is not your Bitcoin and they're going to make more paper 812 00:44:16,500 --> 00:44:20,200 Bitcoin out there and basically wreck us and suppress the price 813 00:44:20,200 --> 00:44:23,700 even more. And furthermore guys there is no 814 00:44:23,700 --> 00:44:26,100 second best. There is Bitcoin and there is 815 00:44:26,100 --> 00:44:30,000 shit coin as Congressman Warren Davidson said guys do not fall 816 00:44:30,000 --> 00:44:32,600 for the shh coin scams. The marketing scams that oh my 817 00:44:32,608 --> 00:44:36,300 you know, my shit coin is the new Bitcoin know, there's 818 00:44:36,300 --> 00:44:38,300 Bitcoin, and there is shit coined. 819 00:44:38,400 --> 00:44:41,000 There's a fundamental difference between Bitcoin and everything. 820 00:44:42,700 --> 00:44:47,400 And Bitcoin provides you sanity and insane world as Gigi says. 821 00:44:47,400 --> 00:44:50,600 So you can avoid all these rug pulled you can opt out of the 822 00:44:50,600 --> 00:44:53,900 Fiat system. You can Define the 823 00:44:53,900 --> 00:44:57,700 military-industrial complex system that is running by the 824 00:44:57,700 --> 00:45:01,600 money printer by simply taking your Bitcoin into Cold Storage 825 00:45:01,600 --> 00:45:05,100 guys and Bitcoin is the free market. 826 00:45:05,100 --> 00:45:08,500 Bitcoin is the signal in all the noise as we showed you guys. 827 00:45:08,500 --> 00:45:10,900 This chart forever number will go up. 828 00:45:11,100 --> 00:45:15,300 On bitcoin while all these shit coins just go to zero 829 00:45:15,400 --> 00:45:17,500 eventually. On a long enough, time frame 830 00:45:17,900 --> 00:45:20,500 these chick coins were designed to steal your Bitcoin. 831 00:45:20,500 --> 00:45:24,500 The to put flash flashy lights to distract you from what is 832 00:45:24,500 --> 00:45:27,600 going on here as we like to say the peaceful revolution of 833 00:45:27,600 --> 00:45:31,000 separating money from State. Guys, this is what we do. 834 00:45:31,100 --> 00:45:35,500 This is why we do what we do and it's not too late for you guys. 835 00:45:35,500 --> 00:45:39,000 You guys may think we're early your, you know, we're too early. 836 00:45:39,000 --> 00:45:43,100 We relate to this but We have not accomplished, our goal is 837 00:45:43,100 --> 00:45:45,500 becoming more and more obvious that we have not accomplished 838 00:45:45,500 --> 00:45:49,900 our goal because we are still getting wrecked by people 839 00:45:49,900 --> 00:45:53,600 leaving their Bitcoin exchanges. So continue to beat it in 840 00:45:53,600 --> 00:45:57,300 people's heads from bear fundamentals, not your keys, not 841 00:45:57,300 --> 00:46:01,100 your Bitcoin, provide the value, stay humble Stacks at take your 842 00:46:01,100 --> 00:46:04,700 Bitcoin into Cold Storage into self custody using these wallets 843 00:46:04,700 --> 00:46:06,200 that. I tell you guys all the time, 844 00:46:06,200 --> 00:46:09,400 you know, Bitcoin core Sparrow spectacled card, seed signer 845 00:46:09,400 --> 00:46:11,800 move and Breeze pie. In Phoenix. 846 00:46:11,800 --> 00:46:15,100 Like these are the stuff you need to be using guys because 847 00:46:16,000 --> 00:46:19,400 exchanges are not wallets, get this through your head and try 848 00:46:19,400 --> 00:46:22,900 to tell people everywhere that will listen, exchanges are not 849 00:46:22,900 --> 00:46:26,500 wallet holding your Bitcoin anywhere else in self custody is 850 00:46:26,500 --> 00:46:29,200 more risky than anything. You could be possibly doing 851 00:46:29,200 --> 00:46:32,600 because there is no back stops, there's no FDIC insurance. 852 00:46:32,600 --> 00:46:35,900 If you get wrecked in Bitcoin, you get wrecked. 853 00:46:36,000 --> 00:46:39,200 And, yes, I know it is overwhelming, it's there's a, 854 00:46:39,200 --> 00:46:41,000 there's a mental leap. You have to take. 855 00:46:41,300 --> 00:46:45,800 To finally get into the Bitcoin culture into the Bitcoin ethos, 856 00:46:45,900 --> 00:46:50,200 but as I put on my personal Twitter, Bitcoin is hard, until 857 00:46:50,200 --> 00:46:53,000 it is easy. And it's a fundamental mind 858 00:46:53,000 --> 00:46:56,000 shift that you need to understand. 859 00:46:56,500 --> 00:47:01,300 Take your Bitcoin in the self. Custody, do not Outsource your 860 00:47:01,300 --> 00:47:05,700 money to a middleman. This is literally what Satoshi 861 00:47:05,700 --> 00:47:07,500 Nakamoto did with the white paper? 862 00:47:07,500 --> 00:47:10,100 Remember what he said in the abstract and the first 863 00:47:10,100 --> 00:47:14,400 paragraph, The Fiat system works but they have abused our trust 864 00:47:14,400 --> 00:47:18,400 and this is just further proof of that abuse of our trust. 865 00:47:18,400 --> 00:47:21,400 And as we dropped in mean form guys, the most important thing 866 00:47:21,400 --> 00:47:25,300 is to take your Bitcoin into self custody behold the one 867 00:47:25,300 --> 00:47:30,000 commandment, not your he's not your coin boys and girls out 868 00:47:30,000 --> 00:47:33,400 there, this could all be avoided if people just took the Bitcoin 869 00:47:33,400 --> 00:47:36,400 into self custody but it's becoming more and more obvious 870 00:47:36,400 --> 00:47:41,000 to us that Nico and I have further proof, our furthermore 871 00:47:41,100 --> 00:47:44,600 Our of a job to do out here because people are still not 872 00:47:44,600 --> 00:47:46,600 taking their Bitcoin. In the South custody. 873 00:47:46,900 --> 00:47:49,600 People are still leaving their big horn on exchanges. 874 00:47:49,600 --> 00:47:53,500 They're still Outsourcing their custody to other people, to 875 00:47:53,500 --> 00:47:55,800 other middlemen. They're leaving their Bitcoin in 876 00:47:55,800 --> 00:47:58,500 these bank, man, frauds exchanges. 877 00:47:59,400 --> 00:48:03,300 And this is, literally what Satoshi tried to avoid when he 878 00:48:03,300 --> 00:48:06,000 created bitcoin, take your Bitcoin in the South custody. 879 00:48:06,000 --> 00:48:08,900 This is the revolution guys. If you take your Bitcoin out of 880 00:48:08,900 --> 00:48:14,300 their hand, we defraud we do. Defund the frauds and they can't 881 00:48:14,300 --> 00:48:17,100 take your Bitcoin and make more Bitcoin, rehypothecation your 882 00:48:17,100 --> 00:48:19,500 Bitcoin. So if you're wondering why the 883 00:48:19,500 --> 00:48:23,100 Bitcoin price is so low is because they have continued to 884 00:48:23,100 --> 00:48:26,800 rehypothecation your Bitcoin because you have not taken your 885 00:48:26,800 --> 00:48:30,400 Bitcoin off an exchange, keep your Bitcoin in cold storage and 886 00:48:30,400 --> 00:48:34,900 private keys that you secure and you defund this process from 887 00:48:34,900 --> 00:48:37,600 happening, but people are still not awake out there guys. 888 00:48:37,600 --> 00:48:42,300 So if you think you're early, You still are because people 889 00:48:42,300 --> 00:48:44,100 don't understand the basics of Bitcoin. 890 00:48:44,100 --> 00:48:47,400 So you need to go hard on the basic so people can learn what 891 00:48:47,400 --> 00:48:50,300 is going on and we can avoid all this stuff. 892 00:48:50,400 --> 00:48:53,300 I have one simple, simple heuristic out here. 893 00:48:53,800 --> 00:48:56,900 Go out in your everyday life, get off Twitter and ask people. 894 00:48:57,000 --> 00:48:59,900 What do they know about Bitcoin? Are they bitcoiners are they're 895 00:48:59,900 --> 00:49:02,800 taking their Bitcoin into self custody and you will know what I 896 00:49:02,800 --> 00:49:05,700 know. We are still early, don't focus 897 00:49:05,700 --> 00:49:08,900 on the price because we are still early in this adoption 898 00:49:08,900 --> 00:49:12,500 cycle of Bitcoin. And we need to continue to push 899 00:49:12,500 --> 00:49:16,800 that signal out there because we got to avoid the wreckage guys. 900 00:49:16,800 --> 00:49:20,100 This is why, you know, this is why I'm such a adamant 901 00:49:20,100 --> 00:49:23,500 bitcoiners because I remember getting rekt in 2017 as well. 902 00:49:23,700 --> 00:49:27,100 And now we have a new cycle of toxic bitcoiners out there that 903 00:49:27,100 --> 00:49:29,500 are getting wrecked and we'll learn what we know to be the 904 00:49:29,500 --> 00:49:32,700 truth. Stay humble stack SATs, not your 905 00:49:32,700 --> 00:49:36,100 keys, not your Bitcoin. There is no second best taking 906 00:49:36,100 --> 00:49:39,600 Bitcoin into self, custody is the revolution defund, these 907 00:49:39,600 --> 00:49:42,700 parasites and hold your own Bitcoin Keys. 908 00:49:43,400 --> 00:49:46,100 Anyways Nico I hope I did Justice to it. 909 00:49:46,100 --> 00:49:48,200 I hope we can continue to push this signal. 910 00:49:48,200 --> 00:49:53,300 I hope people can learn from these people's mistakes and not 911 00:49:53,300 --> 00:49:56,800 do this again. But hey, I know I know into 34 912 00:49:56,800 --> 00:49:59,400 years, we're going to be saying the same exact thing and be like 913 00:49:59,400 --> 00:50:03,500 look I mean in town Mu this that that's the that that's the 914 00:50:03,500 --> 00:50:06,800 signal right here, right? The signal is, you know, not, 915 00:50:06,800 --> 00:50:10,200 you're not your keys, not your Bitcoin and the signal also is 916 00:50:10,700 --> 00:50:14,700 the FDX thing is noise, write it, you literally, if you were 917 00:50:14,708 --> 00:50:19,200 not on bitcoin Twitter and you just stayed humble, you just 918 00:50:19,200 --> 00:50:21,200 bought Bitcoin. Took that Bitcoin, the coaster. 919 00:50:21,500 --> 00:50:24,300 You wouldn't even be aware. This happen. 920 00:50:24,900 --> 00:50:28,500 Wouldn't affect you, right? So yeah, this is what we 921 00:50:28,500 --> 00:50:32,500 advocate for this will be So hard for and unfortunate, it's 922 00:50:32,500 --> 00:50:35,100 Vindication. But unfortunately it's it's 923 00:50:35,100 --> 00:50:38,600 bittersweet because a lot of people did get rekt and we don't 924 00:50:38,600 --> 00:50:40,900 want to see that you know. But hopefully through that 925 00:50:40,900 --> 00:50:43,600 wreckage a lot of these people, some people learn their lessons 926 00:50:44,200 --> 00:50:48,800 and they realize you know like Bitcoin right there is no second 927 00:50:48,800 --> 00:50:51,500 best. There is there is no oh you know 928 00:50:51,500 --> 00:50:54,700 Bitcoin etherium? No no it's just Bitcoin right? 929 00:50:54,700 --> 00:50:57,700 Only Bitcoin can give you true Financial sovereignty. 930 00:50:57,900 --> 00:51:00,100 Everything else is fake sovereignty. 931 00:51:00,200 --> 00:51:03,200 You're still relying on a central party. 932 00:51:03,300 --> 00:51:05,300 You're still relying on an individual. 933 00:51:06,200 --> 00:51:09,400 It's not good. Look at history, man. 934 00:51:10,500 --> 00:51:12,100 Anyways, I really enjoyed that Opti. 935 00:51:12,700 --> 00:51:14,500 All right, bro. Let's get to the meat review. 936 00:51:14,500 --> 00:51:16,100 Let's do it. Kaboom racks. 937 00:51:18,600 --> 00:51:22,000 The daily meme review brought to you by Kaboom racks. 938 00:51:22,000 --> 00:51:23,500 I get this question all the time. 939 00:51:23,500 --> 00:51:25,300 Nico. Where should I buy Bitcoin 940 00:51:25,300 --> 00:51:27,200 miners. The answer is Kaboom racks. 941 00:51:27,200 --> 00:51:29,700 It's the best place to buy Bitcoin miners. 942 00:51:29,900 --> 00:51:32,200 That's where you're going to find the best deals and the best 943 00:51:32,200 --> 00:51:35,500 prices start. Your mining Utopia today to 944 00:51:35,500 --> 00:51:38,700 check out their racks. You got to go to T dot me, slash 945 00:51:38,700 --> 00:51:41,300 Kaboom racks. Join their telegram group and 946 00:51:41,300 --> 00:51:44,100 start your mining Journey today. Kaboom racks. 947 00:51:44,400 --> 00:51:49,000 Well, boys and girls. I know you see the meme on the 948 00:51:49,000 --> 00:51:51,900 YouTube show but before we get into that you already know the 949 00:51:51,900 --> 00:51:55,100 mean we create here, guys, tweet are the bullets and memes are 950 00:51:55,100 --> 00:51:57,900 the artillery. We are on the front lines and if 951 00:51:57,900 --> 00:52:01,000 it hasn't become obvious, we need to do a better job out 952 00:52:01,000 --> 00:52:05,100 there or, or maybe we need to get more toxic out there or acts 953 00:52:05,100 --> 00:52:07,200 Nico. And I have been kind of playing 954 00:52:07,200 --> 00:52:10,200 and riffing on. We need to figure out how to 955 00:52:10,200 --> 00:52:12,000 better get this message across to people. 956 00:52:12,000 --> 00:52:14,400 And this is something that I have taken upon. 957 00:52:14,400 --> 00:52:16,800 On myself. All I think about lately, is, 958 00:52:16,800 --> 00:52:20,000 how do I get this message across the people better? 959 00:52:20,000 --> 00:52:23,800 Because we are on the front lines of this information War. 960 00:52:24,900 --> 00:52:27,600 And the world still doesn't get what we get. 961 00:52:27,600 --> 00:52:31,900 So I will do a better job. I hope you guys take it upon 962 00:52:31,900 --> 00:52:37,000 yourself to do a better job and let's and let's get this signal 963 00:52:37,000 --> 00:52:39,600 out to everyone. Let's get the calls of actions. 964 00:52:39,600 --> 00:52:43,300 I think we need to go back to the basics and continue to push 965 00:52:43,300 --> 00:52:46,200 the basic Bitcoin fundamentals. But of course, this is the 966 00:52:46,200 --> 00:52:48,600 meaning of you got score or the mean review portion, guys. 967 00:52:48,600 --> 00:52:51,200 So drop your score in the chat after we get through these mean 968 00:52:51,200 --> 00:52:55,100 reviews. And we will talk about Them on 969 00:52:55,100 --> 00:52:57,800 the show. Anyways, this first one Nico tag 970 00:52:57,800 --> 00:53:01,300 me in this this morning Nico. Nico covered this in the news 971 00:53:01,300 --> 00:53:03,500 you know Mike was projecting on to El Salvador. 972 00:53:03,500 --> 00:53:06,500 What he himself was guilty of billionaires, Mike novogratz 973 00:53:06,500 --> 00:53:10,900 discloses 77 million dollar exposure to crypto exchange ft 974 00:53:10,900 --> 00:53:12,600 x. And if you know anything about 975 00:53:12,600 --> 00:53:16,200 novogratz, you're probably well, aware of his atrocious. 976 00:53:16,300 --> 00:53:18,700 Luna tattoo. Well, I don't know if you knew 977 00:53:18,700 --> 00:53:23,500 about his atrocious, FTX to do, you think? 978 00:53:24,600 --> 00:53:26,300 Do you think he took off that Luna? 979 00:53:26,600 --> 00:53:30,400 I waited he just has a let he could have just put up half a 980 00:53:30,408 --> 00:53:33,700 piece of shit on his arm and he would have accomplished the same 981 00:53:33,700 --> 00:53:37,100 thing. Yeah he's got that the shit shit 982 00:53:37,100 --> 00:53:39,700 shit emoji on his arm. Now it shouts out the hot or 983 00:53:39,700 --> 00:53:42,400 not. He's the second meme on him and 984 00:53:42,500 --> 00:53:45,700 it's a very simple meal. Again, guys, I'm harping very 985 00:53:45,700 --> 00:53:48,600 hard on the idea of self custody today because this is the 986 00:53:48,600 --> 00:53:50,400 message that people need to hear. 987 00:53:50,600 --> 00:53:53,400 So hot or not how people think they're Bitcoin are doing in 988 00:53:53,400 --> 00:53:57,500 custody and Can see this guy, he's all happy. 989 00:53:57,500 --> 00:54:04,300 It seems like he's you know, and fairytale utopian Unicorn Land 990 00:54:05,100 --> 00:54:07,200 and how they're big coin actually is doing in that 991 00:54:07,200 --> 00:54:09,300 custody. It's on fire. 992 00:54:09,300 --> 00:54:11,900 It is not your Bitcoin. If it's in an exchange self 993 00:54:11,900 --> 00:54:15,900 custody or Bighorn guys, we harp on this all the time and will 994 00:54:15,900 --> 00:54:18,100 continue to beat this down people's head. 995 00:54:18,200 --> 00:54:21,500 This next one is rdb TC chefs. Out to you, brownie goes 996 00:54:21,500 --> 00:54:23,700 withdraw, your Bitcoin from exchange is not your keys. 997 00:54:23,700 --> 00:54:26,600 Not your coin. And it's back to the same idea. 998 00:54:26,600 --> 00:54:29,700 We got the Chad Bitcoin or with laser eyes and he goes, they 999 00:54:29,700 --> 00:54:31,900 don't know. They don't actually own their 1000 00:54:31,900 --> 00:54:34,200 Bitcoin Cold Storage, it's too difficult. 1001 00:54:34,500 --> 00:54:36,400 It could never happen to my exchange. 1002 00:54:36,700 --> 00:54:39,300 Wake up, guys. Don't leave your Bitcoin on 1003 00:54:39,300 --> 00:54:42,000 exchanges because you will get wrecked. 1004 00:54:42,900 --> 00:54:45,600 This is why we tell you guys take Bitcoin into Cold Storage. 1005 00:54:45,600 --> 00:54:49,700 This next one shop, said the BT Liotta, I forget what there's 1006 00:54:49,900 --> 00:54:53,900 original meme template comes from, but the guy who is just 1007 00:54:53,900 --> 00:54:57,400 like LARP I'm cutting the cake and we got a Celsius block fi 1008 00:54:57,400 --> 00:55:01,700 Luna three arrows capital F TX there are cutting the cake. 1009 00:55:01,700 --> 00:55:04,700 We're All in This Together. We have the Bitcoin muhahahaha 1010 00:55:05,800 --> 00:55:10,600 no knife with laser eyes. No we are not at all in this 1011 00:55:10,600 --> 00:55:13,200 together. This is a good classic me 1012 00:55:13,200 --> 00:55:15,200 template. This one will probably live on 1013 00:55:15,200 --> 00:55:18,800 forever guys. All these exchanges, all these 1014 00:55:18,800 --> 00:55:21,900 funds that are trying to lend you and borrow your Bitcoin. 1015 00:55:22,200 --> 00:55:24,900 They are rehypothecation your Bitcoin and they are I'm gonna 1016 00:55:24,900 --> 00:55:27,900 get you wrecked if you don't stay humble and stack sets. 1017 00:55:27,900 --> 00:55:31,900 Guys, this is why you know, as bitcoiners are just sitting here 1018 00:55:31,900 --> 00:55:34,800 laughing about this all yes we are feeling the pain as well 1019 00:55:34,800 --> 00:55:38,700 because shit Corners make us all look bad but at least you have 1020 00:55:38,700 --> 00:55:42,300 your Bitcoin in Cold Storage at least you didn't lose it all and 1021 00:55:42,300 --> 00:55:45,900 lose your T-shirt with it and lose your life savings like 1022 00:55:45,900 --> 00:55:47,200 Nikolas. Telling us guys. 1023 00:55:47,200 --> 00:55:50,800 Stay humble Stacks ads. It is, such a simple idea that 1024 00:55:50,800 --> 00:55:55,600 it's so complicated for people because it it's just like It 1025 00:55:55,600 --> 00:55:58,300 sounds too good to be true. Just take your Bitcoin into cold 1026 00:55:58,300 --> 00:56:01,400 storage and do provide value and live your life. 1027 00:56:01,400 --> 00:56:05,500 This next one Gigi again, he goes, I love this fucking shit 1028 00:56:05,500 --> 00:56:08,600 so much and this is right when we heard the hole explosion at 1029 00:56:08,600 --> 00:56:11,200 of ft x. And we got boot 39, and he's 1030 00:56:11,200 --> 00:56:14,600 using the Joker meet him. And we got a Robert De Niro 1031 00:56:14,600 --> 00:56:16,000 goes. Let me get this straight. 1032 00:56:16,000 --> 00:56:18,000 You think FTX is implosion crashing? 1033 00:56:18,000 --> 00:56:21,800 All of crypto is funny and we got the joker as a Bitcoin Maxi 1034 00:56:21,800 --> 00:56:24,800 with laser eyes. He goes I do and I'm buying 1035 00:56:24,800 --> 00:56:27,200 their cheap SATs. This is a signal guys. 1036 00:56:27,200 --> 00:56:31,100 If you have your Bitcoin in Cold Storage Bitcoin is on sale you 1037 00:56:31,100 --> 00:56:34,400 are unaffected and the price will go up eventually. 1038 00:56:34,400 --> 00:56:35,500 Yes. Yes. 1039 00:56:35,500 --> 00:56:38,600 The industry as a whole is getting rekt because she Corners 1040 00:56:38,600 --> 00:56:42,000 make us all look bad. And this is why we can't have 1041 00:56:42,000 --> 00:56:44,200 nice things. Guys, just take your Bitcoin in 1042 00:56:44,200 --> 00:56:47,600 Cold Storage eliminate the rehypothecation. 1043 00:56:48,400 --> 00:56:52,500 Absolutely amazing. Okay. 1044 00:56:52,500 --> 00:56:53,800 Okay. One last one. 1045 00:56:53,800 --> 00:56:57,900 Hold on. Maxi's Club. 1046 00:56:59,100 --> 00:57:03,900 He goes, you are without a doubt, the most toxic hateful 1047 00:57:03,900 --> 00:57:07,600 people I've ever heard of and finance Bros when they find 1048 00:57:07,600 --> 00:57:11,600 Bitcoin but you have heard of us with laser eyes. 1049 00:57:12,200 --> 00:57:14,700 Yes bitcoiners are toxic. Yes. 1050 00:57:14,700 --> 00:57:17,900 Bitcoiners are Savage. But we try to tell you guys all 1051 00:57:17,900 --> 00:57:19,600 the time. Take your Bitcoin into Cold 1052 00:57:19,600 --> 00:57:22,900 Storage. This is a simple simple thing. 1053 00:57:24,300 --> 00:57:27,400 Anyways. Are you there? 1054 00:57:27,400 --> 00:57:29,800 Nico yes a back. Did I lose? 1055 00:57:29,800 --> 00:57:31,500 Did you leave me? I'm here dude. 1056 00:57:31,500 --> 00:57:35,300 I'm here. I'm talking about no just a good 1057 00:57:35,900 --> 00:57:37,700 man. That's for after the show man. 1058 00:57:37,700 --> 00:57:41,300 Ask for after the show. No, don't send messages to opt 1059 00:57:41,300 --> 00:57:42,200 in the chat. Yes. 1060 00:57:42,800 --> 00:57:44,500 Okay. Anyways guys, this is simply 1061 00:57:44,500 --> 00:57:45,600 Bitcoin. Wait, go ahead. 1062 00:57:45,600 --> 00:57:47,900 Go ahead up to give it a score. I was just gonna say, oh, my 1063 00:57:47,900 --> 00:57:50,000 score guide. You already know drop your job. 1064 00:57:50,000 --> 00:57:51,700 Your name review score in the chat. 1065 00:57:52,400 --> 00:57:55,800 Let me see what do I have over here to give you guys a score. 1066 00:57:56,500 --> 00:58:00,000 Oh, oh, I know it is go to full screen on this one. 1067 00:58:00,000 --> 00:58:02,200 Nico. All right. 1068 00:58:03,100 --> 00:58:09,800 Shoutout to extend Mouse because he gave me this mug simply 1069 00:58:09,800 --> 00:58:13,300 Bitcoin st. Op tea mug and then we go. 1070 00:58:16,400 --> 00:58:20,200 Are you kidding me? Absolutely amazing. 1071 00:58:20,600 --> 00:58:23,300 Thank you so much. That was hilarious. 1072 00:58:23,300 --> 00:58:29,000 I'm going to give it up this bag of Tropical chips tropical 1073 00:58:29,000 --> 00:58:31,500 plantain chips if you know you know. 1074 00:58:31,900 --> 00:58:33,800 Anyways guys this isn't bleep Bitcoin live. 1075 00:58:33,800 --> 00:58:39,600 Drop your score in the live chat and opting I will read them. 1076 00:58:39,600 --> 00:58:44,900 Anyways, first one by on this Andres Romero says, I give memes 1077 00:58:44,900 --> 00:58:48,000 the last girl to give you the look at the club during last 1078 00:58:48,000 --> 00:58:53,300 call. I don't want to flood ice. 1079 00:58:53,300 --> 00:58:57,100 Core you a massive shovel to pick up all this Shit coins 1080 00:58:57,100 --> 00:58:59,600 during this casino. Okay, very nice, very nice. 1081 00:59:00,200 --> 00:59:01,900 Next one. Bye, you deserve real money. 1082 00:59:01,900 --> 00:59:03,400 I love that name irate those memes. 1083 00:59:03,400 --> 00:59:07,500 One ticket to pyrole and my cold storage, okay? 1084 00:59:07,900 --> 00:59:12,700 Next one Global nonsense, gives them a fuzzy-headed weft 1085 00:59:12,700 --> 00:59:19,500 members, spam fat, man, frock. Next one hot aucoin I give those 1086 00:59:19,500 --> 00:59:22,400 means Gary Gensler, huge forehead, protect investors. 1087 00:59:22,600 --> 00:59:25,400 How does how does approving a BT cetf? 1088 00:59:25,500 --> 00:59:28,000 But letting investors Fried work go over his head. 1089 00:59:28,300 --> 00:59:30,600 I don't know, man. That mean by Elon, bro. 1090 00:59:30,600 --> 00:59:32,900 That mean by Elon all the connections. 1091 00:59:32,900 --> 00:59:35,000 Like, I don't know. There's some questions there. 1092 00:59:35,000 --> 00:59:38,000 That's what I got to say. Cynthia I go, Gonzalez says, I 1093 00:59:38,000 --> 00:59:40,900 give those memes off e op. These caffeinate caffeine 1094 00:59:40,900 --> 00:59:43,900 levels. Hilarious, Bitcoin is sent. 1095 00:59:44,100 --> 00:59:47,300 I give those memes, FBS personal private Keys. 1096 00:59:47,600 --> 00:59:50,200 Okay, I like that. Next one. 1097 00:59:50,200 --> 00:59:51,800 Bye. Frank aren't says, I give those 1098 00:59:51,800 --> 00:59:54,700 memes 60 billion worth of ftt tokens. 1099 00:59:55,000 --> 00:59:59,200 Bushmaster says I give Give a score of jail, time to SBF and 1100 00:59:59,200 --> 01:00:03,200 all involved brains for rest of their sad life. 1101 01:00:03,200 --> 01:00:07,400 Okay, interesting. Next one, by I score those 1102 01:00:07,400 --> 01:00:09,100 memes. My order for simply Bitcoin 1103 01:00:09,100 --> 01:00:11,300 merge forgetting to use the coupon code. 1104 01:00:11,300 --> 01:00:16,300 Oh, I'm sorry, bro. But yes, we got new merch. 1105 01:00:16,300 --> 01:00:17,600 We'll get, we'll get to it in a second. 1106 01:00:17,600 --> 01:00:19,200 We got a surprise for you guys. Opt. 1107 01:00:19,200 --> 01:00:21,100 He's favorite bear Market, Food, banana. 1108 01:00:21,100 --> 01:00:24,000 Peel said with mustard, says my royalties for st. 1109 01:00:24,000 --> 01:00:26,400 Op T's trademark. All right, ladies and gentlemen. 1110 01:00:26,500 --> 01:00:30,600 We are out of time, tune in tomorrow and we will get to your 1111 01:00:30,600 --> 01:00:33,100 Bitcoin memes. Anyways, guys, don't forget to 1112 01:00:33,100 --> 01:00:35,000 join simply Bitcoins telegram group. 1113 01:00:35,300 --> 01:00:39,400 You got to go to www.ah.mil /, the simply Bitcoin Channel 1114 01:00:39,400 --> 01:00:41,400 that's where you can link us Bitcoin memes to review it. 1115 01:00:41,400 --> 01:00:43,600 Also, check out the written version of this show, we just 1116 01:00:43,600 --> 01:00:49,700 dropped latest article Opti, was it called It is called, don't be 1117 01:00:49,700 --> 01:00:51,700 scared. You're gonna die. 1118 01:00:51,900 --> 01:00:54,600 Okay. Well, live up to your live of 1119 01:00:54,600 --> 01:00:56,800 your potential boys, live up to your potential. 1120 01:00:56,800 --> 01:00:59,700 Oh man, fear, that's an intense name. 1121 01:00:59,700 --> 01:01:03,800 It is weird but it's a lot more optimistic than you guys. 1122 01:01:03,800 --> 01:01:07,700 Might think it really it really hits signal. 1123 01:01:07,700 --> 01:01:10,500 I absolutely love what we're doing over there. 1124 01:01:13,400 --> 01:01:15,600 Yellows in my place again. Go to 1125 01:01:15,600 --> 01:01:20,200 www.simpleandsensational.com, scribe to our sub, stack Opti, 1126 01:01:20,200 --> 01:01:22,900 just dropped the sauce. Anyways guys, we have a software 1127 01:01:22,900 --> 01:01:24,500 release today. Let's check it out. 1128 01:01:26,300 --> 01:01:31,700 Bitcoin software release brought to you by Cipher safe, don't be 1129 01:01:31,700 --> 01:01:34,500 that person that loses their Bitcoin seed. 1130 01:01:34,500 --> 01:01:37,100 Due to fire damage water damage dog. 1131 01:01:37,100 --> 01:01:41,200 Attacks back up your generational Bitcoin wealth on 1132 01:01:41,400 --> 01:01:45,300 steel and there's no better place to do it than the cipher 1133 01:01:45,300 --> 01:01:49,700 grid by Cipher safe and now check out their new Bitcoin art 1134 01:01:49,700 --> 01:01:55,100 the Bitcoin rukh's triangle only on Cipher safe. .I all right 1135 01:01:55,100 --> 01:01:58,000 guys. Go electors version. 1136 01:01:58,000 --> 01:02:01,900 Zero point nine point, one. Updated dependencies and buck 1137 01:02:01,900 --> 01:02:05,300 fit bug fixes. Updated dependencies fix mempool 1138 01:02:05,300 --> 01:02:07,200 rate. Formatting allow configuring 1139 01:02:07,200 --> 01:02:11,700 Signet peer-to-peer magic don't panic in case of an invalid 1140 01:02:11,700 --> 01:02:15,500 block, header height and of electors is the electrum, 1141 01:02:15,500 --> 01:02:19,300 personal notes, electrum server implementation. 1142 01:02:19,300 --> 01:02:21,300 So check it out. You want to, if you need to do 1143 01:02:21,300 --> 01:02:25,700 an update, there you go. Anyways guys, also want To give 1144 01:02:25,700 --> 01:02:29,200 a shout out to our awesome clothing sponsor representing 1145 01:02:29,200 --> 01:02:31,700 t.com. It's stylish is comfy and they 1146 01:02:31,700 --> 01:02:34,500 finally dropped the simply Bitcoin merch. 1147 01:02:34,500 --> 01:02:36,400 Check this out. Simply Bitcoin look, it's got a 1148 01:02:36,408 --> 01:02:40,800 fucking tank. It's badass. 1149 01:02:41,100 --> 01:02:44,800 You can take advantage of the promo code simply Dash Bitcoin. 1150 01:02:44,900 --> 01:02:48,900 Get a major discount, the simply Bitcoin merged just dropped its 1151 01:02:48,900 --> 01:02:51,800 limited. So there's only so much to go. 1152 01:02:51,800 --> 01:02:56,600 Its first come first serve, go to represent LTD.com and you 1153 01:02:56,600 --> 01:03:00,600 could also check our Twitter. We've been retweeting, and we've 1154 01:03:00,600 --> 01:03:03,800 been tweeting the merch drop. So guys, definitely don't want 1155 01:03:03,800 --> 01:03:07,000 to miss it. It's really comfy, really 1156 01:03:07,000 --> 01:03:10,200 stylish it anyways. Guys, that was our show. 1157 01:03:10,200 --> 01:03:11,500 If you enjoyed the show, you know what to do? 1158 01:03:11,500 --> 01:03:14,500 Smash that like button, subscribe, we're going to change 1159 01:03:14,500 --> 01:03:16,700 it up a little bit. We're gonna be introducing, 1160 01:03:16,800 --> 01:03:19,100 thanks to shout out to Diaw. Janice, we're going to be 1161 01:03:19,100 --> 01:03:22,700 introducing new transitions. We're working on some things in 1162 01:03:22,700 --> 01:03:24,300 the background. So it's gonna be a little bit of 1163 01:03:24,300 --> 01:03:26,100 changes here, but change is good. 1164 01:03:26,200 --> 01:03:31,900 That's how you see you grow. Right anyways Opti, let's roll 1165 01:03:31,900 --> 01:03:34,600 it out, bro. Guys, if you're still listening 1166 01:03:34,600 --> 01:03:38,700 to this, if you want to continue the show, we keep it going. 1167 01:03:38,900 --> 01:03:41,700 To 2 p.m. Eastern Standard time, we are 1168 01:03:41,700 --> 01:03:45,900 live on Twitter spaces, have a chance to interact with Opti or 1169 01:03:45,900 --> 01:03:49,200 myself, you can interact with us live and we are we are 1170 01:03:49,200 --> 01:03:53,900 co-hosting that space with our friends over at Swan Bitcoin 1171 01:03:53,900 --> 01:03:58,500 best place to stack SATs. Anyways guys, we love you and we 1172 01:03:58,500 --> 01:04:01,900 will see you tomorrow. Opti started up, bro. 1173 01:04:17,600 --> 01:04:20,500 What's up, everyone? It's good to be here. 1174 01:04:20,900 --> 01:04:23,400 So you can see we're doing some different stuff on the 1175 01:04:23,400 --> 01:04:27,400 transitions. We gotta, we gotta figure out a 1176 01:04:27,408 --> 01:04:29,800 few things here and there, but