Yeah. Yeah today is September 10, 20
22. Welcome to Simply Bitcoin live
your number one source for the peaceful Bitcoin Revolution.
We cover the breaking news culture.
Me, Matic Warfare, we will show you what only Bitcoin can give
you true Financial sovereignty. Today, we have a very special
show lined up. We have the legendary, the one,
and only mean Factory. Greg, Zach how you doing?
Greg. I'm doing well, just hanging out
here. My house in Malibu, I've been to
Greg's house in Malibu is absolutely gorgeous.
You guys are definitely missing out.
Anyways, I want to say a special shout-out to my awesome Cohoes.
How you doing Opti? I'm doing great today.
Happy Saturday, everyone and Greg your Malibu mansion looks
amazing. Totally, real to thank you guys
today, we have a very special show lined up.
Like I said, already said that Welcome to The Saturdays.
So we're going to talk about Michael Sailors, fall into full
Degen, don't make fun of them. We've all been there before
we're going to talk about that. But Opti, what do you have lined
up for us on the culture? My farewell, the culture.
Today I'm going to try to do the impossible and explain to
people. Why Fiat is bad?
But I'm going to cover a little bit of this article that Jimmy
song posted. I don't even know how to say it
how he says. It's like, Fiat Fiat delenda as
so. Well, cover some stuff and
hopefully explain to people that you are getting robbed.
This is the thing that we always try to show people and, you
know, their eyes gloss over. So I hope I hope to do it
justice. Amen, to that.
But anyways, let's start the show.
Daily News brought to you by crypto.
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cloaks.com. Goddamnit yellow.
I said it was Gregg's turn at the time of recording the
Bitcoin prices at 20 1205. SATs per dollar also known as
Moscow, time for thousand, seven hundred and sixteen block
height. 750 3485 reachable Bitcoin nodes 14,000, what's up?
Nothing? Slaps.
I'm fucking with you. Oh man.
Yellow is tickling me and you're fucking with me.
What's blocks? Reach?
750, 3400. Many ask me again.
How many dollars per 30 sets? Fuck you.
That's how many blocks of the having 86,000 515 having
estimate April 22nd 2024 total lightning network capacity 4730.
It was up. We're gonna be at the heaven.
I'm gonna be at the Sean, El Salvador have him party in El
Salvador, baby, that's where I'm going to be.
Hopefully we can convince having party excited for that, okay?
Total lightning ioki. It's over.
It's do you guys get the point anyways?
I want. Yeah.
What's up? What's the total lightning
capacity? It's 99 million, u.s. dollars.
You're surprised. I knew that is it weird that
yellow sitting on my lap? I mean, that's where he likes to
sit on people's laps. Yeah, it's the easiest way to
get up into the puppet, is it? Did he stay at your house for
like three months because he's been here and he's been eating
all my food. It's very strange.
No. But it's definitely a meme
Factory thing. I mean chair for stayed at my
house for like five months. I think yellow is just trying to
follow in his footsteps makes sense makes sense and somehow he
types Life. It's very strange.
Anyways so today I want to show this video for everyone.
That's saying Bitcoins bad for the climate and all that BS.
Here is a Bitcoin miner and look heating a greenhouse.
That's really cool. Anyway so check out the video,
don't you think that's just Just kind of like just one minor.
It's just one liner enough. Even though they do get they do
get freakishly hot if you put one minor in a room.
Greg knows that could I saw some is Malibu garage but but yeah,
man, I mean they have other uses dude.
Like, look, if you live in, you know, in a colder, place a
colder temperature, instead of just buying a regular heater
that, you know, Heats your room. You could totally do it with a
Bitcoin miner. And I know what a lot of you
guys are saying it's too loud. Blah, you could underclock it.
Alright and yeah and you can still, you know, heat your home
and it mines you some Bitcoin at the same time and what we always
say, right Bitcoin, incentivizes green energy because it makes it
profitable without the need of government subsidy.
So you just do what I do with it too.
I mean, I'm moving out of the garage.
That's how you about that? No, you did it.
Well, yeah. But I said, I set him up right
outside my shower. Now, when I get out of the
shower, I just stand in the nude.
Rotate, I dry off so fast. That's a great idea.
It's no shrinkage. Great.
I feel like how do you think yellow drives himself when he
gets out of the shower? He just, he gets put away wet.
He just shakes it off. Is that what he does?
There's no, he goes. He goes in and wet.
You just that's it. Yeah, that's it doesn't even
drive himself. Yeah, there's have you ever
looked for a care tag on that puppet?
There's no care tag. So yeah.
She does know. Care needed.
I'm sure that's true Opti. What's up, bro?
I have no input on yellows, bathing habits.
I have a question after you. Have you ever seen a person
living on the beach for the last couple months?
Be that white No II. Think that same thing all the
time, why? Because he's working too hard.
Yeah, he's literally a vampire literally events.
Dude, I go. I go out in the Sun every
fucking day, man. Maybe it's just, it's just who I
am. But just to bring it back in,
guys, love to see Bitcoin. Mining the miners are good for
planet Earth. This is Which is grow your
plants with your with your a six.
This is awesome. Yeah, and welcome to the
Saturday special. Where were you kind of mess
around. Anyways.
Anyways Greg do you have any thoughts on the on the Asic
being used to heat some plants? I could walk.
I couldn't tell what model it was.
It looked like maybe it was in some kind of enclosure, it
sounded like a newer model like a nest 19 or what's minor
version of that. You don't care.
I'm 35 natyam 30s. Like it is how you you way, you
have the ability to see it. Since to hear.
What miners. Which by just the sound you
can't tell the difference between a last generation, minor
a new generation minor. The one sounds like just a
really loud fan and the other one sounds like it's a fucking
turbo. It's okay.
But it's just, it's just louder. It's just louder.
No, it's a different pitch as well.
Okay, okay well, welcome to the Saturday spend more time.
I'll pay more attention. Anyways let's let's get to the
news even though I remember I switched the news with the
numbers. So I'm going to play the numbers
Another time brought to you by not all they make some of the
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Visit noddle Dottie you today. Oh oh.
All right enough. At the time of cleaning up,
dude. Holy shit, I'm off today guys.
I'm freakin exhausted. Alright guys, this is the big
news. This was the this is the Big
Kahuna. This is the big deal.
Michael sailor is going through, what?
All of us have been going through the last three, four,
five years, right? What am I talking about?
Look, and I actually had this conversation with Greg on the
phone first, you know, 2017. 2016.
You get In by some Bitcoin, get totally wrecked, you buy more,
you take a loan, you buy more, you 2018 comes around.
You get humbled AF, right? And then you're like, oh fuck,
then. You know what you do, you borrow
more money. You try to scrounge as much as
you can to buy the frickin dip. And you buy more Bitcoin Michael
Sailors, going through the same thought process right now.
The only difference is that he has billions of dollars, so it
makes it makes headlines, right? But it's the same thing, right?
He borrowed against his company to buy Bitcoin.
He sholde he sold shares, he leveraged against his company to
buy Bitcoin. And now he is selling the house.
Figuratively to buy more Bitcoin.
Michael sailor buys a crap ton of Bitcoin.
He filed Is to sell up to 500 million dollars in stock to fund
Bitcoin purchases microstrategy software developer that has
become a corporate Bitcoin V plan to sell up to 500 million
of stock to fund more purchases of the cryptocurrency.
A Friday filing with the US Securities Exchange Commission
revealed the stock offering which will be for General
Corporate purposes, including the acquisition of Bitcoin, the
timing stands out because it is the first tangible sign that the
founder. Michael sailor who recently
stepped down as CEO to become executive chairman focus on
buying Bitcoins. And really is not backing off
his audacious plan to turn microstrategy into a crypto
proxy since 2020. He is used money raised from
stock and bond offerings to purchase about 130,000 Bitcoin.
Worth more than two billion US Dollars billion with Abby.
And ladies and gentlemen, this is happening at the exact same
time, as which I think is the biggest middle finger ever.
While he's getting sued in Washington, d.c. not only is he
getting Does an individual, but microstrategy is getting sued as
well. This is Michael Sailors form of
saying I don't give a fuck. Didn't read buying more or
degree, didn't sell buying more anyways.
Gentlemen, what do you think of this?
It it Michael Sailors Gone. Full DJ, he's gone the full
cycle. We all go through it, Bitcoin
spares, no one. Whether you're the president of
a country like nine buchelli, whether you're Michael sailor,
you got to pay your fucking dudes, bro.
You gotta pay your price of tuition.
We all go through the same cycle, man, you said it exactly
like he bought the top, right? He bought the hell out of the
top. All the way down.
Then it gets gets the bottoms. Get more money to buy more
Bitcoin. I mean, he even went to the the
phase where he was like, Schilling it to all his friends
and family member than mining Council like no they're not
listening. Now he's getting sued.
I love the part that the US government's trying to get
Bitcoin more coverage to like yes, do whatever you can to get
Bitcoin in the news. The more people you get it in
front of the better. It is for bit going hell.
Yeah. Hell yeah, man.
Hell yeah, doesn't work Opti want to chime in on this bro.
Other well I'm usually the one freaking out but I think it's
because like it's the Saturday special opt.
He's the one that's like what the fuck is going on today?
I mean II just I love seeing billionaires, going full, djn
mode in Bitcoin, you know like sailor just full Degen mode,
stacking as much Bitcoin as possible but like you said man,
telling the the powers that be to go fuck themselves.
Like I love to see it. Follow his lead double down in
the bear Market. Continue to stack Bitcoin when
the It goes down. It just means you get more sad
Skies. Like, there's nothing to worry
about here. Number will go back up, but
stack more Bitcoins Saylor gets in and I just, I love seeing him
just being such like a public figure and just actually go full
djn in the public eye and, you know, say what you want about
sailor, but I think he's becoming the Chad biggest.
Let's it Giga. Chad sailor.
Once more and just just doubling down, I think we're gonna have
to like, super saiyan Hey, Chad sailor something because like
you did, he's buying so much Bitcoin.
And like I said, when I drop this news guys, do not let him
out. Stack you like he's don't let
him take all the Bitcoin, guys, you need to continue to stack
stack harder. He's taking all the Bitcoin.
Yes, try to tell the plebs not to let Michael sailor.
That's hey, guys. Don't let him take all the
Bitcoin. Know that Arnold Schwarzenegger
out bench you. Oh, man.
Yeah, yeah. Well.
It's still funny though. It's so funny watching him going
through his first Bitcoin experience and it's awesome.
How Bitcoin it's really Level Playing Field bro.
It's everybody, it's treats everyone the same way and I
think that's a breath of fresh air anyways.
Alright, moving on to the next big piece of news on the
Saturday, special a little bit more serious.
I'll put my series face on Brian Armstrong.
Coinbase is funding a lawsuit, brought by six individuals,
challenging the treasury. Sanction of the tornado, Cash
Smart contracts. Remember guys would happen with
this, this whole debacle The Treasury Department for the
first time in its history sanctioned open source software.
Now it kind of sucks that it's coinbase, that's doing this
lawsuit because fine, it could be a privacy tool, it could be a
privacy tool built on shit coin aetherium.
However, it's still setting the precedent that the treasury
Department has the capability to sanction, an open source
software. Bitcoin is an open-source
software. I'm going to make the argument
that in 5-10 years as other countries figure out that they
could use Bitcoin as a way to circumvent us sanctions, how
long until the US Treasury says, hey if you don't download
specific type of Bitcoin software.
You're saying shinned right? How long until that happens,
right? So this type of lawsuit is very
important because at least it's pushing back anyways, we support
the treasury, sanctioning Bad actors and I disagree with that.
I think that's a bad take. I think fundamentally Bitcoin is
not compatible with current u.s. sanction policy.
Bitcoin is an open monetary Network and the way that the
dollar has been used today is been used.
It's been weaponized has been used as a tool to go after the
States political, but United States government's political
opponents right now that there is a way to circumvent that,
right? Bitcoins and open monetary
Network, its money for enemies. Anyone could use it.
It doesn't choose, right? Tremendous amount of political
influence comes from the ability to control, who uses money, who
could use the dollar, and a tremendous amount of power is
given to United States, because of that, right?
So this idea of like placating, I guess they're trying to save
themselves legally. But look, what I'm trying to say
is that this is going to be a very difficult discussion and
rather than saying yes we can mold and make Bitcoin What the
system is today, the most exclusionary exclusionary
Financial system ever. Write instead of saying, hey,
let's mold Bitcoin into that. I think the real question should
be, who do these sanctions effects, because we've been sold
as the public, as their for regime change.
They don't do that. They hurt the individuals of
said countries and no regime change ever happens.
Look at North Korea, look at Cuba, right?
So who are these sanctions for? I would make the argument that
these sanctions really benefit the elites and Washington, d.c.
more than anybody else. As an American citizen.
Do you benefit from these sanctions?
Look at Europe. For example, does Europe benefit
from the sanctions against Russia?
No, they're going to freeze this winter because of those
sanctions, right? So the common Joe, the common
individual, the pleb doesnt benefit from this.
And I think that's the real discussion that should be have
rather than trying to placate and just saying, oh, you know
what, we agree with the sanctions from the treasury
Department, but But, you know, we like Bitcoin to like it
doesn't make sense and I think it's an important discussion.
Anyways, the issue that Treasury and if we have a politician
running for congress that comes on simply Bitcoin again.
That's one of the be. The number one question that I
asked them the issue is that treasury has Authority from
Congress. Only to sanction a person or
their property, not an entire technology as they've done.
In this case, law abiding citizens deserve access to
privacy and financial privacy deals with some of our most
sensitive data. The six plaintiffs and the in
this case, used tornado cash for legitimate and important
purposes. As many others block, chains are
not going to be open Ledger's forever just like the internet
moved from HTTP to https, as the default block, chains are going
to move to more private transactions over time.
And this is a good thing for Consumer Protection.
We should encourage it. Not hinder IT issues like this,
are best resolved through open inclusive.
Engagement legal action, as well, is a last resort, but the
changes are made in this case before we could engage.
And If these sanctions stand, the damage will extend beyond
these six individuals and even Beyond tornado cash, the crypto
industry as a whole and economic freedom would be weakened.
That is why even though we are not the ones facing the brunt of
these damages we could stand by hopefully reason and justice
will prevail and we will find workable solutions to bring Bad
actors to Justice together without broad overreach.
Our door is open and we're ready to help Implement solutions that
are workable for everyone. Ofac has done great work in.
Pass and we're happy to continue working with them on sensible
solutions for the industry, dude.
It's kind of sad that it had to be coinbase that you know.
Came to this because at the end of the day, an attack on open
source software, sanctioning open source software, even
though it is. A shit coin open source,
software is an attack on open source, in general.
And kind of connect the dots everybody, which is what we try
to do for you guys in the show in the last month or two, they
sued Michael sailor, they sued microstrategy which happens to
be the figurehead for Bitcoin for institutions.
They also It and open source software developer and they
sanctioned open source technology.
This all happened in the last month or two.
And not to mention the recent news that came out this week
about, I totally blanked but I'll look it up.
Anyways, often, what are your thoughts, brother?
Yeah, I'm not sure how I feel about this at all, but it kind
of just feels like shit coin things.
It's like, it feels like they're, you know, like coin
basis trying to protect their bags.
But hey, I don't know. I'm just looking at this from
like, the plot perspective is like, you know, I don't know,
man, delete coinbase. That's I think that's where I'll
go. I just don't climb, I don't
know. I don't like calling beds and
I'm not sure how I feel about this but like, dude, you're
getting you're getting distract my friend, by the way, the other
the other thing they did this all happened, the last two
months was micros added microcellular, Mike
microstrategy suit for tax fraud, White House recent
report, ban Bitcoin mining, and open source, software sanctioned
by the Clearly, some people in the u.s. administrative say, in
the government are trying to fight back, this is the
separation money in state after all.
Anyways, Greg, what are your thoughts Abdi?
I'm disappointed brother. You really so you, you're not
too excited from about this because the fact that it comes
from coinbase, is that correct? No.
I mean it. No.
I mean, I just, I just haven't really dug deep into into what
what they said and all this stuff.
It's like, Like II respect. I respect that it is coming from
coinbase. It's just like, I don't know.
It just, I don't know. It just doesn't feel like it
really is going to do anything. Like, I don't know, maybe maybe
that's my naive take. It's just like, I don't know,
man. I mean, I think that it brings a
really good question, which is why is the US Treasury
sanctioning an open source software, is that something?
Is that something that they have the ability to do so and if they
win this case, it sets a precedent that says, hey the
Treasury can't set. Can't sanction.
Open source software. Therefore they can't sanction
Bitcoin right? That's that's the way that I'm
looking at it. And bro the enemy of your enemy
is your friend right at the end of the day.
I don't like coinbase. I think there are shit coin
casino. I don't like Brian Armstrong.
I don't like their the way that they've handled things the way
they've done business. I think they scam people, but
dude, I think it's true that sometimes, man, In this
particular case, they're helping us a little bit.
Well this is why your Nika Jones because you always got that
angle that you opened my eyes just stuff so I let me live I'll
have to chew on that but I think you're right.
It's you're right. Hey you're it sounds like to me,
it sounds like to me. Anyways Greg I'm Gonna Make You
full screen, please give a five to ten minute speech.
Yeah, it's total bullshit. I mean we've had this fight
before. Cody speech.
Money is speech. How you spend your money is
speech? We already won this fight Nate.
He's man. That's just going through the
motions again and right here. Coinbase is doing some bullshit.
They're just, they're orange washing their business model.
They're coming out and say, oh, we're defending open source code
Block Chain is just a way for them to say.
Like, please let us continue scamming these people because
Reasons. And, you know, What is a
sanction on open source software look like in the first place?
Like how do you sanction speech? That's already out there.
It just exists. Sorry.
Can't that's a CEO Bitcoin. Please stop what you're doing
and it's not gonna happen. This is total bullshit.
Anyway, I hate coinbase. If you're using it, get your
coins off their, get it on the cold storage while out of your
room. Hopefully, not a ledger that
your life, something like that. Plenty of other options out
there and there's plenty of other options to buy your coins
out there. You got a striped Peach, you've
got coin B, which is different from coinbase and I know some of
the mean Factory members have trouble negotiating that
difference but they are different.
Yeah, fuck coinbase. Fuck Brian Armstrong.
They're gonna be stationed on this year.
I'm sorry, boom, air, horn, adopted, it's great, it's great.
A lot of people are showing up to the Saturday specialist.
Good, but yeah, man, dude, absolutely this fucking sucks,
dude, that we're entering the then they fight you stage and
then you see the ominous clouds on the horizon that you're just
kind of sitting there taking Bitcoin into self custody and
you see this fucking freight train coming at you and there's
nothing you could do. But yeah, dude, this is the
traitor, he's coming here. Just like I'm gonna step off the
tracks. Like you can see it coming.
All right, let's see, let's get into, let's get into a little
bit of speculation, which I think would be, the be an
interesting conversation, right? So, after the things that I
said, write the three things, they the US government,
basically declared war on on proof-of-work, Bitcoin.
Mining after that, we had the DC attorney general suing Michael
sailor and microstrategy and we have the US Treasury,
sanctioning open source software Greg, what happens next?
Man is this going to continue? Can you to escalate it is going
to be a peaceful Victory? What are your thoughts brother?
This is going to continue to escalate.
I mean you think about what the macroeconomic picture is right
now there. Yeah the fed and the treasury
and the government in general are now backed into a corner
where it's untenable for politicians to talk about
austerity in the United States were in the in the middle of a
non recession, non depression, and enough non-inflationary
period, where they're going to have to create.
Eight more money, they're going to have to hand it out with QE2
the to the corporations, in the bond holders and they're gonna
have to hand it out with, with Ubi to normal citizens to make
sure that people can pay their electric bills.
People can eat and not ride in the streets.
Do I really need to talk louder? Sorry, yellow.
I don't know, man. I lost my train of thought when
I was reading with yellow thing. It says he can't hear me because
I'm a Potato. Oh man.
Oh man, Opti Opti.
What are your thoughts on this brother?
Where is this going? Are they going to ask collate
it. You are the in-house truth, or
my friend. What are your thoughts on this?
Well, and we gotta get yellow on the show, yellow.
I'm gonna send you an invite and your DM.
Yeah, definitely gotta get yellow on.
Where is this going? I don't know.
I mean, my tinfoil paranoia hat is on and I I think the next
move is like arresting and parading around a bit cleaner
and like trying to make a point out of a Bitcoin, ER, so we can
continue like they're trying to do that with sailor already.
You know, they're trying to make a point of him.
Now the next move is probably just like, maybe a cohesive
crack down on some of the Bitcoin influences or something
or furthermore, it's like like Greg was saying, you know, when
the economy blows up the day, we'll just blame bitcoiners and
it's like, it's bitcoiners fault that this Ship blows up.
So in my opinion it's like I've said it before.
We are in the day, then they fight you stage but we don't
have the like the outright attack on bitcoiners yet.
And so I'm just kind of waiting for when they you know actually
like come hard at Bitcoin is right now.
It's kinda. Yeah, the outright attack on big
Corners. Doesn't happen until Bitcoin
breaches like 100 or 1,000, right?
Because while so soon. So soon, then Greg great six.
Why why 100 or 200 thousand? Why that why those numbers?
Because the big round numbers? It's like a logical and by the
time when those are ripping is probably about the time that
we'll have seen a bunch of QE and Ubi.
So you'll have this this disparity of folks who have been
saving in Fiat versus folks who've been saving and hard
assets becoming very apparent and people want something
somebody to Blame and if you're or Bitcoin or friend who's not
staying humble is buying a bunch of shit and showing it off or
around, you know their Community.
It's going to be easy to look at that person.
Say well fuck them they took my money, you know.
Yeah, Sam, yeah, no, it's such an easy, cop-out.
And at Greg, you're actually not the first person to say that if
someone we had a, we had a show that we had.
I forget who the guest was, but we had and they said the same
thing, man. They said, look the bitcoiners
are going to Such an easy scapegoat rather than these
people taking, you know, responsibility it's like the
consequences of printing, you know, fictitious Monopoly money,
they say, hey, no, you know, it's Bitcoin those Bitcoin the
entire time. And I actually think that the
book The sovereign individual touched upon that as well,
right? Is that, you know, these giant
--what, the vocabulary they say in the book which is these
giant, welfare state countries that have these giant, you know,
giant payoffs to the populations, bro.
Bro, they have the stamped they stand the most to lose once the
money printer breaks and they're going to try to blame to use you
know the books words right? Information technology and
they're going to say it's because of Information
Technology that you guys are losing your jobs that you guys
are losing your welfare that you guys are losing this.
And I absolutely think that's true, but I think the Silver
Lining here is that Bitcoin gives you the power to vote with
your wallet and vote with your feet man.
And I saw it was this awesome inspiring.
Eat by Max Keiser right? Saying moved to El Salvador,
dude. El Salvador to me looks hopeful
as shit and Opti. What do you think about that?
Because you actually went to visit in person a couple of
times before we get into that. I wanted to touch base on a
little more speculation. So if you guys want to see, if
you want to have an idea of what I think is going to happen, next
is three books that you pay attention to.
Number one is Big debt crises by Ray dalio takes a look at how
the long-term and short-term debts.
Michael work and what governments do to try to flatten
that curve? The other one is the mandibles
by Lionel Shriver. I think it's a fictional book
but it does a really good job of describing what happens to
Society on the way through hyperinflationary event and then
also when money dies by Adam Fergus and those three are going
to give you signposts along the way of what to look out for what
happens. The coven Cycles.
Yeah now. And, and I, it was Odell.
It recommended to me the mandibles as well.
Right? Apparently that is an amazing
amazing book. Anyways, Opti.
What are your thoughts on this? And yellow is black for some
reason? Well I kind of I kind of got a
another Inception ideal. I we were talking is by the way,
every time I say yellow, I'm talking about the fucking
Muppet. Okay, everybody anything else,
right? Help me a muppet.
I had this idea right now, that that while we're talking is
like, one another attack since since I am the in-house tinfoil
hat. Guy is like, they're gonna,
they're gonna, you know, when the dollar start losing value in
your purchasing power in the dollar starts going down,
they're gonna they're gonna blame bitcoiners because or
people jumping into Bitcoin and that's the reason why the dollar
is losing value. But what was the question?
What you say about Elefante or well?
Yeah, yeah. So what I was trying to say is
that like in El zonte, right? They made Bitcoin legal tender
about a year ago and your He's starting to see hope prosperity
in the country. You actually, that's what I'm
hearing, right? But you actually went there.
Did you did you feel that? Did you feel a different energy?
Did you feel different energy compared to the United States?
For example? Well, I mean, yeah, it was, it's
definitely hopeful and and it's also like amazing to use
Bitcoin. How like I said before, use
Bitcoin out supposed to be used, you know, like to buy goods and
And furthermore like you know, I went down there with my buddy
wine. He's a friend, everyone else
want to kiss. Hello.
And it was it was amazing for
him to tell me like you know, every time I come down here it
starts it's changed so much and within the time span that he's
been there, it's been changing. So it's definitely it's changing
and it's very hopeful and people, you know, like not
everyone is on the Bitcoin bandwagon but The people that
are there is a buzz down there, like man, this is, this is doing
what Bitcoin supposed to be doing, you know, Bitcoin is
help. They have sadly teach other,
they do it. Well, they got pupusas pupusas,
bubbles. Hey, so Opti is it just as on
today? That is like that.
Or do you, would you say, slowly slowly?
But surely you can see Bitcoin trickling out outside of el
Zante, but when I was down there, it was mainly in El
zonte, a where, you know, the circular economy was happening.
But you start like, you know, what's like, Elton K, is like
right around. That's like, where everyone goes
to party and you just making things up.
Nah, I don't think so. Yeah, it's okay.
You maybe it's like, if you can, you can, you know, outside of el
Zante. You can definitely start to see
the trickle the trickle of Bitcoin.
But it's, you know, I haven't been down there what six months.
So, maybe, maybe it's trickling outside of el Zante more than
when it was. But I could definitely see the
slow trickle of people wanting to use Bitcoin and, and so, hold
on. So the, the Assante, right and
specifically in those on take, do you see?
For example, I know Bitcoins changed my life.
I know a Bitcoins change Greg's life.
Look at this house. Clearly clearly it has a change
yellows house. I mean yellow because he's still
bumming at my house, but Opti, how are you over there anyways?
Opti do you see that? That's a Same deterministic
optimism has infected the people of el zonte do you see that hope
we're perhaps a city or a town that was using Fiat didn't have
shutout? MBK well from the bay use it all
the time from the bitcoiners. Yeah.
And you know I think even in general is like I said, you know
you can definitely feel that. It's like protect El zonte at
all cost. And this the little town is from
what I hear, getting better and better.
Retirement that Bitcoin is go down there.
So I think I think it is showing that there is optimism and hope
coming from Bitcoin but also you know there's there are some some
people that that don't like Bitcoin.
So you know, of course, is going to be the haters.
But it's, it is what it is. It's yeah, it's the fucking
trickle Niko. It's the trickle.
Alright guys, welcome to the
Saturday special, it's always a little bit chaotic.
We're tired from the rest of the week.
So we're taking it easy but I Hope you guys are enjoying the
show. Anyways, let's get to the
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What do you have for us today opting?
Alright, I am going to try to do the impossible and That is to,
you know, orange pill people and show them why Fiat is trash.
And as you can see this mean we dropped the feeling when you're
pretty Corner friends. I start glossing over because
you tell them, taxation is theft and inflation is slower.
Theft me, your money is losing value them, huh?
Okay. So let's try to do this quickly.
So we don't spend all day doing it.
But as this tweet shows us, this is these.
These are the facts and we will show you.
And then I do have an oil, which we will try to explain why we
hate Fiat so much. So over 40 percent of all US
dollars in circulation. Were printed sent to the FED
through on the money printers following the scam.
Damn it guys. It's a surprise why there's
inflation guys, it's really not. They printed 40 percent of the
dollars ever created. This is the facts, I think it's
like 38 percent or whatever. But like the fact of the matter
is before the scam demick we were at what roughly 34 trillion
dollars. And the M1 Supply.
And now we hit up to like 21 trillion dollars and then
furthermore, if you if you don't want to judge the M1 Supply, the
M2 Supply is also going up, which means the base money is
inflating. They are praised more and more
red with red, whose friend is my buddy?
He, yeah, he's the homie actually, he's not the hell me.
You worked at Queen B anyways. Anyways, here's this article by
Me song and I really loved. I really love this.
I'm not going to read the whole article, but you guys should
read this whole article, guys, but I think this I look you said
that DJ right? Jimmy song.
Yeah. He's a great DJ guys.
Yeah, he likes to wear a cowboy hat is a super great DJ and it's
this article is called after 21, Bitcoin song, sheets a called a
bitcoiners, Fiat delenda asked. I'll explain what that means to
end the contagion of rent. Seeking ubiquitous politics and
lack of We Must Destroy the Fiat system.
What is the Fiat system? It is the world you live in
anyways. To explain what Fiat delenda s
means we go hear the phrase Fiat delenda as come from the phrase
in Latin carthago delenda s which means Carthage must be
destroyed. Yes, Fiat must be destroyed and
the phrase is attributable to Cato.
The Elder he would end all his speeches with this and he was
like the nagging mom shouting for her teenage son to come down
for dinner and like the teenager Son, letting his food get cold,
Rome ignored Cato, until they suffered loss of to the
carcinogens. This is what I'd be like this.
What the meeting was about, guys.
We've been telling you guys, what Fiat is, we've been town,
trying to tell you guys to destroy Fiat to opt out in a
Bitcoin but no one listens and so we're going to try to do our
job, you know, the Justice today to explain to you guys.
Why Fiat is trash? And so who were the
carthaginians wait, carthaginians, they were the
enemy of Rome and like the Romans, the carthaginians were
competing. Empire along the Mediterranean
as both expanded they clash and the two competing Empires had
some epic battles. What does this have to do with
Bitcoin? Well, there is two competing
systems right now guys. It is the Fiat money system and
it is the Bitcoin standard system, which we are explaining
is about to take over the world. And this is why you should opt
out of Fiat because Fiat, literally Rob's you
continuously. But eventually they heated
Cato's words and they finally we destroyed the carthaginian
carthaginians. Anyways, in short Kata wanted to
destroy Carthage because otherwise one would itself be
destroyed. This is the way guys.
If we do not destroy Fiat, you will be destroyed, not not Rome.
So anyways, back to what is Fiat?
Because there's still people out there that don't know what Fiat
is the word Fiat. In Latin is not just an
adjective like it is an English here.
Genesis 13 in Latin. I mean, I can't even say that
God. There be light and there was
light. So Fiat Lux here, means let
there be light, Fiat is a verb in Latin, meaning Let There Be
and indeed that's where the phrase Fiat money comes from.
They literally say here's more money and there will be more
money by tikrit. So Fiat is the idea that you can
create something by telling it to exist and not by doing the
work to make it exist. The Fiat mentality is the
illusion that you can decrease something into reality just by
saying. So in other words, Someone has
to do the work to ensure that your money is good.
It just because we have paper, I'll use just, we have debt.
I owe use doesn't mean it's actually good money but you
know, as we shown you guys forty percent of all money has been
created and this is why you're getting poor out there.
This is why the inflation prices are going up and it's just it's
by decree. It's because the government says
this is what Fiat is and so this is why we must Kill Fiat Must
Destroy Fiat because the truth is that there's a significant
death in the current system. And this is the root of how the
Fiat mentality thrives in the obvious counter, is to adopt the
money that very difficult to steal and Bitcoin.
Is that money Fiat must be destroyed.
If we are to preserve civilization, the high-level
parasites have been stealing from you with your money.
As you can see, they printed 40 percent of the dollars which in
my opinion mean they have stolen 40% of your wealth and like Greg
Faust says in the 32 As a trading.
Rest, I have learned two things. Hold your winners and sell your
losers, guys. Fiat is a loser.
You should drop them as quickly as possible.
You should capitulate your Fiat into Bitcoin ASAP like this is
the way guys. Bitcoin is not robbing from you.
Wait, scroll back up. Go go back to Foss real quick.
For a guy that for your guy, that it talks about being
excellent at math. Do you guys know what 1 squared
is? Wow, it's one why?
It's just redundant Greg Faust, ya moron.
Learn math is simple, but this is the Crux of what we do here.
Guys, Fiat has been stealing from you been stealing from
civilization, is stealing from your children.
But we are here to explain to you guys the Bitcoin standard
and I love how Magoo put this in this tweet.
I want Bitcoin to succeed not to enrich myself but to enrich
Society. Either get back on a money that
stop stealing from you and this is what Bitcoin does and to
everyone out there. I know, I know we did a little
quick and everyone's joking but the money is stealing from you.
Inflation is theft taxation is theft.
You can say whatever you want, you can call me an extremist all
you want but the politicians, the central Bankers are stealing
from you and your children and your grandchildren and we're
trying to take back our money. This is what Bitcoin is.
This is why you guys I should drop them dirty Fiat dollars
because it is stealing from you saving money that stop stealing
from you and your life gets that much better.
This is why we always say Bitcoin is.
Hope this is why we have the meme deterministic optimism.
Or as I've been saying militant positivity, they need to print
more money to continue this charade, but Bitcoin is here and
and we will be blamed for their, for their inadequacies.
And you know, it's just, it just just saving.
Coin. Like I don't know how many more
times I need to tell people just saving Bitcoin it.
It's really this simple Fiat literally means money.
Created out of nothing. My money is not fictional.
It's not just paper IOU. It's not a paper Ponzi.
Save him Bitcoin. There's work behind Bitcoin at
this is a feature, not a bug anyways Mica jumping yellow,
whatever. Yeah dude.
First of all, fucking great, great cover.
I really enjoyed that man. Jimmy song.
Absolutely. Eels, it the only thing is,
like, you picked it on the Saturday special.
It's always kind of a chaotic, but you fucking killed it, man.
Look, here's my two cents to SATs, I said to.
So, here's my two top, you know what?
Shut up, yellow. Shut up.
Trickling your sets out. So I know, I'm trickling make
sure you have a boy, you know what I'm looking for.
Alright. Alright so yeah, looking at a
grid know what is you shouldn't work for money.
That someone you what you shouldn't work your money.
That's just you shouldn't work for money that someone else
could create for free. All right.
That's what I got to say about. The Opti thing is that this
whole fucking problem yellow. So has like one of those Yellow
house was nice. God, dammit Craig.
It's my so now. All right, we're going to go to
the movie. Let's Do It.
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I feel attacked boom. Let's go.
There was a lot of energy in that edge.
Yeah, it was more than Redbull, yellow.
It was more than Redbull. Anyways, this first meme, this,
this one's gonna actually before I get into the memes as Nico, he
says, tweets are the bullets and memes are the artillery.
Continue to meme. We are winning this information
war and it is an information War.
Guys, as you can tell the fake news is going really hard out
there, but we are here to counter all the bullshit.
So, continue to me, man. Also drop your mean reviews.
Score in the chat because we're going to add that to the show.
Anyways, this first one is gonna really probably get Nico mad,
but that's kind of the point of this.
This is my ghost guns and he goes my rides.
Don't end where your fear begins.
You stupid call me bitch. There's next one is Bob's
cartoons. It's a government official
peeing on the peasants, head with the mass saying it's
raining and you guys eating it up and saying thank you this.
I don't get you people out there sometimes like anyways I'll stop
it. The next one is by Rd B TC
shouts out to R&D and he's as mood hashtag Bitcoin it's
damaging the climate. All the NPC's is damaged in the
climate and that's sad. The Chad Bitcoin.
ER I don't give a fuck. Henry can use this.
This made it to your mean review and you didn't retweet it.
I don't retweet. That Sneaky's job.
I don't eat wheat. All your other stuff.
This is why we do this show, it's because the mains get mend
up on the shown. Our Twitter timer.
Stop messing up my Twitter timeline.
It's clean for a reason. Anyways, Greg zaj over here.
Has we've been going hard on laser Rays till 100K, I'm
doubling down. I'm never taking off my laser
Rays because Laser eyes until Fiat dies or rather until I die.
Anyways, this next meme is by Maxis club and he has laser Rays
until 100 K and this girl you hate them off.
If there's a bear market, right? Laser is just working at
McDonald's and this next one shout out to my boy rope and he
goes, I didn't come this far to get close when you buy the top
twice in a hole through to 80% Corrections, hot.
Oh god, with laser is let's go. This next.
One is going to really probably make Nico uncomfortable but
literally that's my job. Anyways, shuts out the chair
Force. He goes me telling two girls.
I just met at a party that Bitcoin It.
On Back. Sperm will be the best
performing asset this decade. I know y'all nerds know who
these are. These girls are so I'm not going
to cover it. And this next one This one's
close and dear to my heart. I love this one.
This is what we've been saying all week.
Since we've heard the news that the White House doesn't really
like Bitcoin mining. Shout-out to coin on the cob
Dewey from St. Louis US Government energy
policy. Okay, what's okay?
Christmas lights clothes, dryers dishwashers, ice makers, Amazon,
Alexa multiple television foot, massages treadmills, fish tank,
sprinkler system for grass, space, heaters and hashtag
Bitcoin. Which is not Okay, protecting my
money. Yes guys, this is why we use
energy and Bitcoin is to protect our money.
It's a feature, not a bug anyways, today's meme review
score Nico, I wear it almost every single day but I'm going
to give it as the meme review score and it is the represent.
Shirt a peaceful Revolution. I fucking love the fuck shirt.
This shit slit their should slit.
All right. Okay.
Anyways, Nico Qibla. Give your score.
You know what? Today is the yellow special so
I'm going to give it yellow once again and he's on my lap and but
he's also on screen. I don't know how he's doing it.
I wanted to tell you, you have like the original account as
your Fender one and two. There's two fucking yellows that
way. Yeah.
Oh, Correct. What would you give those memes?
I am going to give it my favorite response in private to
one. Rope makes a meme that I enjoy
because I really enjoyed his the best The rope-a-dope.
All right. That sounds like a dinosaur
laughs. Anyways, yellow would you give
those memes? I'm gonna give it to her.
Hello Clarice. Oh man.
Okay, all right everybody, this is simply Bitcoin live but your
scores in red Rosetta is how it's really going to get going
to score those memes. Greg's, Vanishing hairline.
Max Trotter says, I give those memes the Panthers marbles my
scores, a single navy bean. I don't know what that is, next
one. Bye.
I give those memes. That glad stin flag Diaw,
Janice, you got to answer my email bro.
Showed up just in time for the movie.
You might be hitting me this court.
I haven't checked this court. I'll check today.
No, no, we're emailing each other.
It's all right, but he doesn't know who diogenes is.
You need to go look up that guy. Troop lip guy from Pub,
super-smart walked around, remember he was Roman and Greek.
I think he was Greek. Thank you.
Walked around basically total DJ and calling people out for being
rich, a boat. That's the guy that liked being
homeless, right? Yeah.
Inside the back, wow. Is that wine I guess?
It took me a little bit to get that, but that's fucking
hilarious. All right.
All right, Diaw. Janice says, I got you die.
All right. Ladies and gentlemen, he's no
more scores. We got us off early today Opti.
Let's check it out. Bitcoin software release,
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I see how you guys do things, you wouldn't believe.
Hey guys, today software release is I'll be version 1.1 5.0 and
it's got a it's got a rainbow their North American and the
Pelican bunch of food for you. Bunch of features added.
So Update it. And yeah, listen to us on what's
an apple Spotify anchor. And if you love what we do here
you can stream assets on Fountain app guys.
Anyways, enjoy your Saturday and we will be back on Monday.
Okay, regularly tuned show. Absolutely before we go I want
to give a very special shout out.
Oh I gotta stop sharing the screen to represent LCD.com.
They make the comfiest that When merch.
Look at that, look at that. That's a decentralized represent
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promo code to get 10% off. Also want to give a very special
shout-out to our awesome guests. That's right Opti showing it off
representing t.com. Also want to give a very special
shout-out to our awesome guests. I IC o---- offender one who who
I thought was yellow, but apparently, he's been staying at
my house for the last three months.
Very strange, Ico offender, to also known as yellow.
Thanks for coming on the show, brother.
Hey stop doing that. What am I doing?
Thanks and of course, Greg zag. Thanks for coming.
Was really fun to have this episode and have Craig crush.
It it was definitely a show, it was shell.
Yeah, it was a shit show. Is it Saturday, special Saturday
specials. We always kind of take our foot
off the gas because the whole week, what do you know?
I've been, I've been pumping in a lot of gases.
Hold it. Oh man!
Yeah. Well you know guys smell it.
Mmm. Alright guys, that was our show.
Thank you so much for joining us on another episode of Simply
Bitcoin. We will see you back again on
Monday back to the usual bit back to the usual quality know.
No more chaos. Well until the next Saturday.
Then we'll probably have these guys back again.
Anyways guys, if you enjoyed the show, you know what to do, smash
that like button if you really felt like this, show give you
value, perhaps hit that subscribe.
And the number one thing you could do is share the video,
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see you on Monday for a brand new episode of Simply Bitcoin.