Welcome back. We're simply Bitcoin.
We break down the news from Twitter.
The daily fail mean review, software releases Hardware
releases and the websites by plebs joining us today.
Very special guests fellow Bitcoin ER and host of the
lightning junkies podcast the Chazz.
That's right, he's joining us. Okay.
But first, we're going to the numbers.
Let's do it. People brought to you by Bitcoin
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At the time of this recording, the block height is 710,000 342
the Bitcoin price 50 6820 chain rewrite day. 746 total public
lightning capacity, 3200 47.84 a new all-time high.
That's right. We know it's Moscow times 1760
and blocks to The Happening. 129,000 658.
You know what I have to say about this Phil and now and I
was about to tweet this but I saved it to drafts.
Okay, the responsibility the price right now, right?
I put total 100% responsibility on Dennis.
Okay? This was completely caused by
him. This is his fault.
And, you know, I think as a community we should all be very
Very angry at him. That's my opinion.
What are your thoughts fill? I definitely.
Okay, when we went down below 57, I was like, you know what, I
might actually want to call the 58 gang for some help to put
this thing back up. That was like fifteen K gang.
Come on you know like you were there when we didn't want you.
Now we need you to come back. Where are you?
Where are you Dennis? Where are you?
Need your help screwed here. We're getting screwed on both
sides. Need your help tonight.
No, but I do need your help all joking.
Dude. You're fucked.
You're an effing Legend. He called it.
Tefik is hell. Yeah.
Super funny. I think you're pissing off a lot
of evil in the good way. Yeah.
But but anyways, in these times of desperation, Phil, you know,
what time it is. It's Nico glass node
subscription time and get ready. Everybody.
We are about to inject, some hope IAM directly into your
veins. However, big to Big disclosure,
right? We show you raw data and with
that raw data, you get to decide what you want from it.
And I also want to point out that just because something has
done something in the past, doesn't mean it will do it in
the future, okay? Anyways, that being said, check
this out, this is called realize hottel ratio.
And there, the rest read the description.
A high ratio is an indication of an overheated market and can be
used to time cycle tops, right? Right?
So let's look at the cycle tops, right?
This is 20 2011. This was Is the 2013, this was
the 2017 and very interestingly, right?
This is, you know, the current situation that we're in, right?
We're not even close that dotted Red Line, right?
So, it also very interesting, right?
This is the, this is the all-time high that we hit in,
really. It was like mid mid year, right,
50. Well, was it 50 for whatever and
this is, right? We're at 65, or we were Right.
But it's interesting because it's at the same level, right?
And we're no near close to that red light.
Now, again, this is hope you and this is why we call it, hope
you, right? But it's nice to see these
things sometimes, right? And again like you know these
indicators doesn't mean you know you know past performance is not
indicative of future results or whatever but it's nice hope you
write. What do you think, Phil?
That's some serious opium. That?
I mean, are you kidding me? Like that's that, that's
ridiculous. I'm looking at that.
And I'm like, what? Look at that Gap.
We have. So, we have so much to go.
Yeah, we do. We do anyways.
If I want to get you know what Phil listen, our guests very is
the first time that we've ever had a guest live from 35,000
feet. So we want to welcome Jazz.
How you doing incredible internet connection by the way?
Oh I know I had to pay for that extra you know the extra Wi-Fi
up here, they charge a lot on the private ones so yeah.
Um I think it's really interesting that chart you know
when there's that much of a separation there's there's no
conclusion. You can reach other than it has
to go up to meet it. It has to.
That's true. It's true.
I mean look it's true. Just by our body postures I
think what you guys get some eyes with me in Or saying we're
me and Phil are thinking but that doesn't mean we're going to
tell you. Anyways, Phil it's time for the
daily fail. The daily fail is brought to you
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The easiest way to buy Bitcoin. Check out the link down below.
I didn't forget today. I remembered yellow.
Tell them what's up. I'm a smart way.
Stuck sounds as I was just explaining its three just three
A jewel Tweets. We're not diving into a major
long fail story for today, but these are epic failures.
Nonetheless, let's dive into each of them.
So we've got count at count Bitcoin.
Shout out to you for putting this together.
Look at this YouTube thumbnail. Now obviously, we're not going
to show the video right but take a look at that, right?
Our Regulators coming for crypto and behind bars.
And he has Bitcoin. Oh, I think he realized on the
allgäu on the algo on the sco that that crypto is a better,
you know, it's a better search. It's a better search thing,
right? But, anyways, Phil could you
could you scroll down a little bit because Jesus is something.
I was really wise. Really.
Yes. Live by the growth hack die by
the growth hack. Bingo now.
Okay so hold on a second because we so this is a very fine line,
right? Because we do attempt to do our
version of thumbnails and we do attempt to do our version of you
know, iPad Wally hyperbolic verbally.
Yes. Yeah, hyper hyperbole
hyperbolic. We're destroying that word.
We're killing that word I'm sorry.
Butchering it Really but you guys are probably used to this
by now but yeah. So you know we try we know we
use catchy thumbnails or do we use catchy titles?
However, however, big however, right?
You can see that pumps started with Bitcoin, right?
And then he slowly right? You'll see his evolution of his
thumbnails, right? And you see the evolution of his
titles and that comes to one reason, one reason alone, right?
If you put crypto, In your interests me and you could
download so many different little YouTube apps, right?
And they'll tell you exactly what titles, good, what to
search for. Like, there's a science to this
if you use crypto, right? Or any of the shit coins,
they're much better searched than Bitcoin, right?
So it's incredibly difficult, it's not difficult, right?
It's just here's the thing, right?
You grow slower, if you don't use those terms, but you get to
keep your soul. Ole.
That's, that's the positive part, right?
So we would rather keep our souls here on simply Bitcoin.
I know a lot of use in the comments like, wow, you guys
should have more Funk and Views and all that stuff.
That's why because we purposely don't do, we don't deal with
shit coins. We only use Bitcoin in our in
our thumbnails and our thumbnails in our titles and
because of that, right? We don't rank so well right.
Anyways Phil what are your thoughts?
And again you know we're not really good hope IAM dealers
right and we're That really, you know, trying to give you price
predictions or any of that either.
So, you know, all those addicts aren't really going to like,
simply Bitcoin videos, right? We try to stick to only the
signal for you guys. But Phil, what are your
thoughts? I'm gonna take a slightly
different spin on this even though, obviously what you just
explained is, you know, it's correct.
But I'm going to take a different spin to that
screenshot, right? So you see how he's got the
Bitcoin logo Behind Bars and he's talking about the
regulator's coming for. Krypto.
So it's this validation by association thing but at the
same time it also creates this Fudd narrative that Bitcoin has
something looming. Okay and what again?
Right we've shown time and time again right?
The regulators and all that stuff they can stifle it for a
time but it doesn't make a difference.
They have absolutely no control over the network although with
your crypto in your shit coins. You absolutely have to worry,
okay, you do have to be concerned.
They all have ahead. You can chop there.
There's every single one of them has a door you can close.
Okay so that I'm that's that's my spin on this likey.
It's just you know like it's just again you know, it's the
click bait, right? But it's clickbait in this like
disingenuous shitty way that for a noob they get they get
concerned and at the same time if they don't know enough they
think that all these other shit coins are validated because
Bitcoin and they're not correct. And and you know in And look
just to clarify. I know look, we always
appreciate the work ethic of content creators and we're not
trying to take away anything from that, right?
And pomp really does work really incredibly hard, right?
But we just don't agree with his methods, right?
We're trying to take a different route and we're trying again.
You know, it's exactly what Gigi said.
I think GG summarized it perfectly in that sweet, right.
It is you live by the growth hack, you die by the growth.
With hack, right? And in a way, when you start
playing those those games, right, where, you know the
typical YouTube thumbnails, right?
You know, again like yeah, you will get more clicks.
You will get more engagement. You will get more views.
Absolutely right. But at the same time, are you,
are you really doing it to help the revolution, right?
Are you really doing it for self-promotion, right?
Just the thought, but anyways, Chas, what are your thoughts on
this? So pump the first time I ever
saw that dude's name was when he followed me on Twitter and then
two weeks later unfollowed me, you know, that old growth hack
back in the day like that was years ago and he's basically the
only person that on Twitter that has that big of a following that
I do not follow back because of those reasons.
And so in my opinion, basically, he's falling into the Trap that
the altcoin promoters. Want him to fall.
He's agreeing a very good old coin promoter.
And the sense that like you guys were saying, they all coins have
something to worry about for regulations and so they kind of
need the the kind of cover of Bitcoin or the, you know, people
to saying we need regulation regulation is going to happen.
You know, we can't resist it, you know?
Let this bring it in, it's great, it's wonderful.
Let's just eat it up and then they get to kind of enjoy the
riches of that position like kind of pump.
Is taking the kind of Lion Share of, you know, of the numbers
basically. You know, and I have a hard time
really. Getting the sense that he cares
about like, the actual Revolution or Bitcoin or
whatever, he cares about enriching himself first.
And then, maybe I'll go down to El Salvador and I'll see what's
going on later. I don't know.
I just, I've never really liked pumps being entirely honest.
Yeah. Look, I think so.
Yeah. I think everyone has you know, a
different role to pay a play, right?
He's definitely taking the route of the influencer, right?
That's 100% for sure. But again, you know how it is
guys to each their own, right? So, you know everyone has you
know if that's the way that you want to do it, you know.
Go ahead and anyway, so what is a Grace?
Bring a sudden. I'm always ready.
Feel bad at all right. The next one is brought to you.
You buy the right click assassins?
No, I just made that up. Right, here we go.
I downloaded. All 10,000 of those ugly, Lazy
Lion and ftes, and turn them into a mosaic of a person,
right? Clicking that's at concrete
hottel. Thank you very much for posting
that and I believe it was icoc. Not that tagged Us in this and
don't get me wrong, but his reply is great.
I'm sorry, but that's such a great gift.
Yeah, that was. That was good.
Okay. So anyways, I just thought that
was, what are you talking about? So what is all those downloaded
10,000 gifts? Oh, I mean those are not gifts
and FTS and ft is. Yeah.
So it's just a bunch of NF T's of lions, right?
The, the ugly, lazy Lions, but where did he download them from
all? We'll know where I mean.
We're getting to that but unfortunately, we're not allowed
to show everything. No, we we could talk about it.
We can talk about it, but we can't show Stan.
It's all right. I digress.
Let's get into it.
Grubbles. Posted this but it actually came
from. I believe Jeffrey Jeff Huntley.
Good morning. There's a torrent of all the N
FTS on aetherium and Solana. That's right.
And I just want to point out. Okay, so this is every single
nft all there. You can just go download the
whole entire thing. Unfortunately, unfortunately, we
cannot attest that and we, what we can't.
There's just a screenshot. We will not be able to provide a
link for you either but he was a screenshot Shot of the Pirate
Bay thing. Yeah, but I just want to point
out I just want to point out something that that Jeff that
Jeff wrote did you know that a 10 ft is just a hyperlink to an
image that's usually hosted on Google Drive or another Web 2.0
web host. No way, no way.
Okay, I can't show it. I'm sorry.
Hmm. Anyways but look guys, this is
this is what we've been saying, it doesn't, it doesn't matter.
You're paying for a hash you're not paying for actual ownership
rights of that image. You're not.
You think you are? I know you think you are, you're
what was that called? Again, Nico, it's representation
of ownership. Does that even mean that it's
pathetic like representation of ownership.
For a, JPEG makes no sense at all.
How does it help you in any way, shape, or form?
It doesn't. And look this guy just proved
it, okay? And he is definitely getting a
lot of crap, but it's proving a point, you are paying for a
unique. Hash you are not paying in for
ownership of that image and as only.
And when somebody buys it off of you, they're literally buying
the hash off of you exact. They're not buying the image
stop pretending. Okay?
Anyways, Nico go know. You're spot on it.
Wasn't the hashes that were stolen, the hashes are still
there. It was the actual image, right?
And why was it the actual image? Because you can make a copy of
an image. I printed this out so long ago,
right? And it's like this guy's like oh
you bitcoiners, you know, like look.
I right click saved and I printed right, like it's not
that hard. Then you actually have these
companies that sell the stock photos, which we talked about
many times and what they do is they put a watermark, right?
So that Watermark right shows that hey, you don't own the
rights that image, right? And that's their way.
It's a pretty effective way, to be honest, right?
To show you that look, they don't own the rights that image,
right? But apparently, right because
these people, right, and I see it, you know what, in the
Bitcoin In kindergarten, we were talking about this yesterday and
I said, listen Bitcoins a cult. Okay?
But here's the thing, their cult is wrong in our cultist, right?
What do you think Phil? Okay, you know what?
I first of all, where the cult of sound money, that's what we
are. Where the cult of sound money,
you could be part of many Cults, okay, you could be, you could be
part of a like you could be part of like the you know, the Fiat
money Club. There are the the Fiat money
cult, right? And there you go, you know, you
worshipped evaluation and inflation and all of that crap.
So you know, you could be part. Yes.
Hold on a second. While I hold on a second are
they not a cult? Joe Biden whisper.
There's a there's a pyramid. With an eye on the back of the
dollar. That's fucking weird.
Have you ever thought about that?
That's fucking weird. That's so weird.
Well, did you ever read the Latin?
It says New World Order. No, yeah, of course, come eat it
really. Are you serious?
Come on and this is old conspiracy stuff.
This is like super old conspiracy stuff that when I
want to. Yes, I have to point out for the
nft so I apologize. I know we could go down a rabbit
hole for that for a really long time, but I just wanted to go
back to the nft quick. I saw something.
NG absolutely cringe today on YouTube.
Okay, I saw the post Malone, some post Malone video you know
that that guy whose face looks like a high school desk with all
like the drawings. Like so it's not post Malone
video and he's buying an mft. So again I know it's mean making
fun of all the tattoos. I totally appreciate all of that
good stuff. You know, people can do whatever
they want with their bodies. I have giant stupid stretchers.
But what I'm saying is that this guy is being used to sell and
chill NF T's. So, Oh, they show him buying an
mft in the in the in the video at the beginning and all of
these people are cheering for this.
But again this is nothing but bag pumping, this is nothing but
bag pumping like they paid. I I'm digging, I'm desperately
trying to find somewhere proof that they paid him to do that.
I'm 100% sure that he was paid to do that in his video, okay?
So they show him buying an mft. I'm sure that there's a trail
showing that like that money, never left.
And if it did it came right back.
I think that's, that's my, but I look, that's my opinion.
Okay, I just think it's cringe, and this is what they're doing
to suck. People into this garbage.
My opinion, is that I like Phil stretchers, okay, I just want to
get that on the record. Okay, Chaz.
What are your thoughts? What are your child?
What are your? What are your drought?
What are your thoughts on this? Well I think I want to say first
that simply Bitcoin has the correct opinion about entities
He's just saying they're they're just fucking hash strings the
end. So, besides that though, I find
the hole torn thing, very interesting because it kind of,
obviously shows what's kind of going on here to some extent.
But I actually wanted to point out and very egregious and it t
that I'm not sure if you guys saw this like, a few months back
or something like that. But it just stuck in my mind.
Gary Vee. I'm not sure if you know who
Gary Vee is, but like he's a promoter guy.
You know. That's all he does is promote
himself, like a kind of supercharged pomp, actually and
so he's launching an mft restaurant where you do.
I don't even get it, man. It just what I put that into my
brain, it begins to melt and then I don't know where to go
from there, you know? So, hold on Chaz is is The food,
a picture of food that's tied to a unique hash or is the food
tied to a unique hash? And once you eat the food, all
you're left with is the hash. How does that guy?
I think the food is interesting and the rest is a scam.
So so there is real food involved here.
I would think so. I think that's the the entire
Point here that and if keys aren't really bringing anything
unique like they're a ticketing system, Fine, if you want to do
that with, with hash strings with colored coins on bitcoin,
and 2015, go for it. That's where most people in
Bitcoin first started touching and AT&T's was with rare peppe's
or even before that on counterparty.
And it was stupid back then like not to say anything bad about
the rare Pepe art itself. But the concept is dumb, I'm
sorry. Yeah, II completely We agree in.
You know, man, it's just so freaking stupid.
It's just so dumb. But I mean, look, I feel like I
feel like the, the shit coin, entrepreneurs, right, or
scammers or whatever, you want to call them, I feel like they
come out during the bull markets, right?
They hide during the bear there, like they go, they recess, you
know, and then during the bull they're like we're back and we
have something new for you, right?
And like 2017 it was like The Ico boom, right?
And it was like the ico's the next new token, right?
And then now they just like repackaged bullshit and the like
it's the nft is this is the future, you know?
So I'm just very curious what happens next time, like what are
they gonna come up with but we'll cover here first on simply
Bitcoin. Anyways.
Phil it's time for the daily mean reviews.
Brought to you by Citadel 21, it's the best Bitcoin culture of
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All right, so the Daily Review. First one is brought To Us by
Patrick be spot. The Spooks.
Excellent handle. And anyways, check it out.
You guys, really have to understand Bitcoin culture for
this one. So this one is a tricky one,
right? But this I'll give you a hint
this relates to the price. So he's sitting on a chair and
he takes away the chair that he stands up and he keeps looking
at the price. That's the only hand I'm going
to get you if you know, you know.
Next one. Alright, bye.
Greg zag. Do you believe in human rights?
Know you're hired. Third Federal Reserve.
Awesome. Awesome.
By Greg zag. Next one.
Fuck you. Dennis when you get paid during
a dip 258? K, a part of him lives within
me, doesn't he? Just look at him guys.
He's responsible. He is responsible, okay?
Next one? All right, you guys know the
drill. Sometimes we show pictures
instead of memes, but they still convey a powerful message.
And this is my legacy kit kit funny.
This is the level of Satoshi evidence that the Craig Wright
provides to the court. Also, we will cover that very
soon but we're waiting for a guest anyways.
What were you saying fell? So wait a second, all we have to
do is sign the white paper ourselves and we are Satoshi.
No, no but check out what the with lady had to say, had dinner
with Craig Wright, a case Toshi last night at a beautiful
Waterfront Craig. Wright AK.
He wants to, he wants to let you know.
He is Satoshi Nakamoto. Says it right there, but he
wants to let you know about you, but I don't understand this.
He did this, he just carry this around with him.
No, no. The lady brought.
Him a I'm assuming a printout of that's weird.
But anyways, okay yeah this all yeah this all sounds very
staged, very suspicious suspicious suspicious typical
Craig rights. Maneuver e right there.
That's not even a word and we got the last one by the
legendary yellow who you know he already made his appearance.
Maybe he'll make a surprise appearance know, anyways, and
it's samsom now playing the drums and that is because today
I set up a Blog Extreme satellite base station at the
Leggio. SV, Berlin, geothermal plant,
where the volcano Bitcoin mine is located in El Salvador.
I added that part. The facility is now connected to
our satellite Network and receiving Bitcoin blocks from
geosynchronous orbit Oh, is that, is that, is that the whole
internet going down narrative disappearing?
I just want to point out that Nico right closer and closer,
not read this word. You did read that word.
You did very well synchronous orbit, boom.
What the f is going on? Okay, anyways, yeah, dude.
So good luck. Shutting down.
Big guy. There are they going to shoot
down the Bitcoin satellites now? Apparently, I don't know.
Phil, why don't you go first on the score?
Oh, man. Okay, you know what?
I'm going to give a score that's going to be one of those kind of
like Insider scores going to be one of those if, you know, you
know, kind of things. Okay?
And I am giving it this this hacker quarterly addition 2600.
That's what it's called. The 2600 hacker quarterly if you
know, you know, very cool. Very cool.
So I'm I'm jealous of Phil's Mike.
So, what I did was I got a teacher.
Chain of Reckless keychain. Whoo.
So now I have his mic in my hands.
What about you chase, s? That's not right.
That's not right at all. Go ahead.
He's laying on his head. I don't have a mic in my hand.
Unfortunately, I wasn't that prepared, sadly, but I'm going
to rate it a oh, man, I just messed up my mask thing.
So please edit that out. If you don't mind, we'll do.
I am going to go ahead and irate but mediums a TARDIS.
This is epic, is that the light up one?
And it's not a light up on this is just a basic one, but isn't
that the better keep on my desk? Isn't that the police Hut from
that to? Yes, show that British.
Yes. Doctor Who right?
Dude, this is a, it's epic. The Tardis.
I mean, don't get me wrong. We all like pops's have cars,
really? What we need is that okay?
Every single time you step into step out of that thing.
It's a new adventure. Fantastic.
You kidding me? Yeah.
It's true. Alright.
So kind of Doctor Who has you can't Well, so the inside joke
about the mic is because Phil was jealous about the mic.
So I'm still jealous about the mic.
You know, he still hasn't sent me anything.
I flipped it around, you know, I gas-lit him.
Right. I still want that medic.
I've been learning from the corporate media, they've been
teaching me so much about gaslighting.
So Isis, investing it here Neko. No, you're not.
It's the second best thing. No, because someone like
trousers into lightning, which one do you think is going to
like more the orange pill? Or the lightning bolt.
Hmm be honest. If you fair I actually really
like the orange one. Like it's it looks really cool.
The crypto cloaks did it right? So I would love if they made one
for the wave microphone but it's a little niche.
So you know what? Make all of them I'm going to
censor that part out of the video because it doesn't fit the
narrative and that's what the media does, right?
And we definitely want to do. What they do but anyways Phil
it's time for the Daily News. Brought to you by crypto.
Cloaks.com get yourself the best 3D printed Bitcoin merch.
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So This is another simply Bitcoin.
We Told You So moment when we told you specifically write that
when they said they were going to taper off and raise the rates
they physically couldn't and the reason why is due to use Max
Keiser Zone words you can't taper off a Ponzi right?
So this is unofficial. I just wanted I don't even know
what the comments look like, you know, press and page.
You know, congrats moron. That's face.
She's got face is priceless right there.
She's actually a convicted felon.
Okay. But anyways, let's see what the
convicted felon, which is the also the head of the European
Central Bank. She's a convicted felon and she
didn't serve any jail time. Why is that rules for thee?
But not for me, right? The elites don't play by the
same rules that us peasants do. But anyways, let's see Bitcoin
fixes that. Anyways, let's see what she has
to say. If we were to take any
tightening measures now. Now it could cause far more harm
than it would do any good in the face of Spike inflation to even
hint to tightening in the in the short term with actually hurt
the economy, and would begin to have effect at a time when
inflation begins to. So complete contradiction, okay?
Because she just said, right that she just said, right that
if they taper off it, Increase inflation.
But isn't that the exact opposite that it's supposed to
do but at the same time should taper off its going to shut down
the economy Neko? No, no, wait, wait, wait, she
called this by the way she just said that that if they do this.
Now as bit as inflation is coming down and we just reported
that number of record inflation. So I don't I mean this confusion
is completely on purpose. Hmm.
I agree. No baby.
I think you're spot on and I think that you know again if you
were listening to mainstream media but we are not mainstream
media anymore, right? Their corporate media, if you're
listening to corporate media, right?
You wouldn't know this, right? But we've been to idiots on
YouTube, have been calling this out since January.
Why? Because the record amount of
money Printing and what does that do?
Doesn't take a rocket scientist to add Add two plus two.
Even though they want you to think that money is like
requires a PhD, I would actually even go to say that if you have
a PhD you can't understand Bitcoin.
That's the matter that I've started to notice.
But anyways, chats are we talking shit?
Well, of course, but I think that's a good thing.
So in this case, I think it's really absurd because it's the
exact same rhetoric would be with me hearing for literal
decades. So, like, if at some point
they're like, you know, we have to push the can down or
kick-the-can rather down the road by a decade.
Fine. Okay.
Maybe that would have made sense like in the 80s maybe but like,
where we have printed so much money.
The United States is in Such ridiculous amounts of debt.
Like it's I think they're basically saying we have to Kick
the. Can we have no other choice if
we if we don't kick the, can we're screwed.
If we do kick-the-can, we're screwed.
We're just screwed, guys. I think that's the, that's the
other thing that they're trying to communicate.
I would even say that there is no more road to kick the
countdown, you know? Like they've ran out of room and
their tribes. They're still try to kick it and
the kids bouncing off the wall and coming back.
They're like, let's kick it again.
Um, but yeah, man, it's complete and utter clown, worlds.
And I think that there's an observation.
I might be wrong here. But in the downfall of the Roman
Empire, the same thing started to happen which was the moral
decay of society was very closely correlated to the decay
of the money right in the beginning of there was a Roman
Republic, right? The Daenerys which is the
currency of the time, I'll pop up the actual numbers, but it
Had a certain amount of silver, right?
I'm I don't know if these numbers are accurate, but it had
a higher proportion, number of silver, let's say 95 or 85% of
the coin was made out of silver towards the end of the Roman
Empire, right? It had like, .00 00 something,
right? So they did the same thing, they
debase the money, right? And then Society decayed with
that now, is that like, is that like a cause, is that a thing?
Could that be just a coincidence?
Who knows. Right.
But again, you know, just something an observation, but
anyways, check this out. There's kind of a takeover,
right? And again, we've said, like in
the next 10 years, right? The wealthiest people in the
world are going to come from the Bitcoin industry.
And unfortunately the shit coin industry, right?
These. This is the future, right?
This is where everything's going.
They're already taken over NBA arena is right and I Refuse to
report this. But then there was three, there
was three Arenas, this has a happy ending, okay?
There's two shit coin ones and there's one Bitcoin one.
So the first one is the Staple Center which was the arena for
the Lakers. Became the Staples Staples
Center, crypto.com, ugly-ass name and they bought the naming
rights for 700 million dollars. Now, was it only the Staple
Center? And I apologize because this is
for Miami. Okay, Miami Heat bet on shit
coins. With 135 million naming rights
deal, and they gave it to FTX. So now, instead of the American
Airlines Arena, it will is renamed to the FTX Arena.
Right. But now check this out
apparently I'm not a Miami Heat fan anymore.
I'm a Houston Rockets fan Houston Rockets today announced
a partnership with NY dig, a leading Bitcoin company as the
official Bitcoin service Service Partners Bitcoin platform of the
Houston Rockets and why Big will be the franchise exclusive
partner across the range of shit coin services but NY dig is a
Bitcoin company. I'd love how they put
cryptocurrency. Okay.
Anyways the sponsor will be paid in Bitcoin and the proceeds will
be held on Nya. That's weird.
We pay you in Bitcoin but we're also, we're not actually giving
it to you, it stays with us, anyways, really smart from NY
dig from basketball. I'm not going to read that.
But you guys get the point, um, clearly There's an association
with dude you know, Bitcoin and shit.
Coins are starting to seep into society, right?
The I forgot the staple center, right?
It was the Staples that was like the giant mega chain.
I think they settled like sold office supplies, right took it
out and shit. Coin Company took over Miami,
unfortunately sucks. You know, it wasn't my American
Airlines Arena, right? And if you saw it from above
because write it, you the planes when they're Landing in.
Miami, you pass right over that and there is a giant emblem of a
plane on top of the American Airlines Arena.
Is it going to have a giant turd on top now to represent it to
shit coin? I have no idea but again,
apparently, you know, let's go Texas, Houston Rockets right are
associating themselves with a Bitcoin company.
But it's funny because they got paid, but they never received
the Bitcoin. So it's like we owe you this
Bitcoin but it's not going anywhere it stays with us.
Anyway, that's funny. Anyways.
Well, what are your thoughts? And then we'll get you guys,
okay? So everybody needs to see the
movie by the South Park creators baseketball.
Okay? Because at the beginning, they
talk about exactly this, with all the teams.
In this case, it's teams changing cities, and stuff like
that. And essentially all these
sponsorships coming through and eventually you end up seeing
Preparation H stadium and stuff like that.
So I mean this is just par for the course right?
But I do agree with you. I think that it would be, which
I Don't expect them to be accurate, but I do think that
they should be putting pick like, you know, logos of their
shit coin, but surrounded by logos of shit.
So that way it's very clear that this is a shit coin sponsored
Arena, you know, like people should know, right?
But I know that they're not going to be honest.
Instead they're going to make it sound like it's something
wonderful, I absolutely agree with you, but I do agree about
the whole everything seeping into society, which is which is
fantastic, right? That's this.
That's the signal, the read, the rest of that signal is fucking
Sighs. Okay.
Like who the fuck cares, right? But the signal is right?
How far you have to understand? Bitcoin is only, what 12 13
years old. And the fact that it's gone into
this stage is absolutely incredible.
That's what I want you guys to put in, like, pay attention to
because that's the actual important part.
Who the fuck cares? What Arenas are named right?
Anyways, jobs, what are your thoughts?
So, two things here. First thing I would like to
point out the history of crypto.com in case people aren't
aware. And 2017.
It was actually a nice you that launched called minako and they
had a debit card scam. I'm going to call it a scam and
they still do by the way. Right?
Was like damn. Yeah.
And it's still a scam. Yeah but they've managed to.
I have to I have to give it to them, they've managed to make
their marketing a lot better. And you know, they bought that
one dude website. That guy that had the crypto.com
website for a stupid. Amount of money and, you know,
did all this. And so I think the one thing I
would point out besides that, is be a change from like 20 17,
2015. Type actions where I remember
people were paying for ads for the Super Bowl, or maybe like
sponsoring one, like, like the Orange Bowl or something, I
think I remember. And now entire stadiums are
being named after things. And so it seems like we're kind
of on this incremental increase. Or not even incremental but like
exponential increase of to it. They have this much money, this
much money and now up now they just bought a you know there's a
lot Tesla that's probably stupid.
But you know, they just did something really, really
over-the-top with all their stupid money.
Yeah, it's great shit, coin shit, coin Behavior, Fiat
behavior and shit. Coin.
Behaviors is a very similar. Have you noticed that Bitcoin
behavior is just completely alien from that shit, right?
It's like you want to save Want to consider shit coin Behavior.
It's very similar to Fiat degeneracy, right?
Just saying right again, might be a coincidence, but who knows?
But anyways, I do. And the new segment, it's a
little dark, but we have to cover.
It is a big deal. I'm going to start off with this
tweet, by the, legendary Stacy, Herbert our friends.
He's an American, just landed in America in Miami from overseas,
and the Border agent asked if he was carrying any bit.
Coin. I suspect this is going to ramp
up. Now, the problem the state has
is, how do you, how do you take 12 words or 24 words out of
someone's mind? Right?
That how do you do that, right? And then again, right, you know,
bitcoiners just saying, do you carry the number three, right?
Because it's really showing that come and take it, right?
That's that that is a very this is very powerful this image,
right? Because that is the that is the
strength of Bitcoin. I'll put it to you this way.
What can you take to the Grave? You can take some Bitcoins to
the Grave. You can cause literally be like
you're the only one that memorizes that seed, you know,
you know, unfortunately, you know you're gonna die, you throw
that seeped into the ocean. Whoop.
It's gone. You just made everyone else a
little bit richer, right? So anyways that's the strength
of Bitcoin. But moving on I'm going to tie
this in with what's going on. It's not that big of a deal.
Now when it's Bitcoins sitting on a trillion dollar market cap
But this is going to be all-out Warfare.
When Bitcoin hits a five ten trillion dollar market cap
because it will actually start to become a threat to the way
that nation-states are used to operating, right?
There used to operating with the power of the money.
Printer, Bitcoin is a direct attack on that.
It's a threat to that and you could you could kind of guess
what they'll do. But this is just the beginning.
All right. But anyways check out how this
article is worded, right? And I kind of want you to
connect this with what Stacy was saying, right?
You know. Oh, a border agent was asking,
you know, if he was carrying any Bitcoin, you see how they're
treating this, right? There's cognitive dissidence
here, right? And look.
So IRS sees crypto seizures worth, billions of dollars.
Next, two years, right? So, they're already telling you
that they're going to be able to see these crypto next year.
My question is how How right? But look at how its worded the
Internal Revenue Service could could seize cryptocurrency
valued at billions of dollars. That's linked to tax fraud and
other criminal and other crimes in the coming year.
According to the agency's head of criminal investigation, the
IRS sees 3.5 billion dollars worth of cryptocurrencies,
during the fiscal year of 2021. They want to let you know, That
even with self custody even with securing your seed, they can
still get to it. A figure that accounted for 93%
of all the assets seized by tax enforcement that year, according
to an IRS criminal investigation, annual report.
I and this is to quote from Iris criminal Chief, Jim Lee.
I expect a trend of crypto seizures to continue as we move
forward into fiscal year in the past, the IRS criminal units,
he's billions of dollars worth of bitcoin and other.
Virtual currencies connected to cases involving a range of
criminal activities such as wire fraud money laundering, the
distribution of illegal narcotics and tax fraud.
That included 1 billion dollars of stolen.
From the Silk Road and online, Bitcoin exchange.
That was shut down in 2013 right now.
Here's the signal and I'm going to connect this with with an
article in a second Congress recently.
Granted the IRS more ability to surveil crypto currency
transactions in the infrastructure, package
President, Joe Biden signed into law.
You on Monday, that law will require crypto Brokers to track
and Report transactions to the IRS in an effort to give tax
authorities more viability into virtual currency trading.
Now, here's the thing, right? When we've been covering this
tremendously write what they want to pass is every time you
send regardless it doesn't have to be to an exchange.
If I wanted to send a 10,000 dollar transaction over 10,000
dollar transaction to fill in Bitcoin, right?
I would have to report his name, his social security number his
address and the reason as to why that transaction occurred,
right? And the way that that article,
you have to understand this comes from corporate media.
Trying to frame it. So it's like we the state still
have total control here. We could still crack this down,
they are not mentioning. It wasn't mentioned anywhere in
that article how they intend to do.
So how do you pry 12 words out of someone's mind, if you
geographically separate your seeds, let's say, leave them in
different countries, right? Literally, geographically,
separate them, buried them in the middle.
Forest. How does the US government able
to seize that? They don't want you to know that
though? Why?
Because it completely changes the power dynamics of
everything, right? So this is a giant paradigm
shift and what we've been cut we've been telling you is take
your Bitcoin off exchanges, and take it into self, custody, and
more importantly, secure it properly.
Preferably learn how to use multi Big.
This is going to get nasty especially if you live in a
country that benefits from the Legacy Financial system,
specifically the United States Europe and China.
You already know which route China went down, right?
So anyways, Phil what are your thoughts?
Yeah, that's definitely. I mean, look, if I was to shit
coiner, I would definitely be worried, right?
But to your point about the transactions, it doesn't make a
difference, whether you're a, should coiner, you know, or a
Bitcoin or if you're using the Fiat leg.
Jassi system and you're making transactions that are over six
hundred dollars. Every single one of these things
is going to get flagged or at you know not necessarily all
look that but they're definitely all going to get flagged which
is creepy as hell. I mean look you know we're just
moving more and more into that. You know, that sad dystopian
future and what's really scary, right?
Is that these are like, these are fellow humans that are
essentially voting to imprison, all their future generations and
themselves. Like it's the strangest thing
I've ever. Scene where where the incentive
the incentive to, you know, Kick the Can down the road is so high
that you're willing to you know, that you're willing to create
monetary slavery. All around the world.
Absolutely. It's pathetic and scary it is.
And look, this doesn't mean that like like it's not gonna happen
for sure. We're not, we're not, you know,
we're not supporting any of those activities, you know,
illegal activities or whatever but just about that, but think
about the concepts. Right?
These people want to know the state wants to know every single
transaction that you do between other human beings.
What is that? But not control, right?
What is that? But not control.
And again, what is the Fourth Amendment?
Most of the fourth or fifth amendment?
That might be, I'll pop it up, which one it is.
But it's unreasonable searches and seizures, do you think this
is unreasonable? Every single ten thousand dollar
transaction. I have to give us social
security number of Person. I'm sending it to you and here's
the thing, is this enforceable on a wide scale?
No. But what they'll do is that
they'll pick couple people do make examples out of them just
like they did with Ross. Thinking if we give this guy a
double life term, this internet Market Market thing will never
happen again. You know what happened?
Five other Silk Roads popped out.
And Ross is still in jail. So this idea that you could just
punish people look at the drug war, right?
This is like, let's put all these people more, did it?
Stop drugs? No right.
So again, it's psychotic, it's psychotic and it's anti-human
and it must be defeated AML and kyc laws.
We've discussed this over and over again, it doesn't stop
crying. We've gone over, we showed you
the receipts, in fact, we're going to have the guy that wrote
the paper on the show. I think next week, it's so
inefficient. And only stops point one percent
of the crime. So it's like like What are they
for a day for actually controlling the population?
Our Theory. We can't know this.
For sure is yes, Chazz. What are your thoughts?
My thought is I think I'm going to need to fill out a CTR on
both of you because I think both of you have transacted over
10,000 dollars and we need to file this with a federal
government immediately to make sure that we're pure pure people
right now. I don't know, man, I it does
make me really nervous to be honest.
That I my ability to resist that, you know, I can put the
that the seed and have like a multisig that's fine, but But I
guess I'm worried about the five dollar wrench attack that, you
know, the government's can say like okay you're not going to
just give us the seed. Let's just go into the back room
really fast. We'll see if we can change your
mind, kind of thing will lock you in a box.
Exactly. Yeah.
So they do, you know, the state does have a monopoly on
violence, right? And I think that this is, you
know, if you kind of want to Glimpse, I really recommend
reading the book, The sovereign individual, right?
And he really lays this out how this is gonna play out.
Because the chaos is caused right now between the transition
from the Industrial Age to the information age, right before
governments, the state had a monopoly on information?
Have you noticed the censorship? Have you noticed that the
corporate media is just trying to sell you a narrative, but for
the first time, we are able to directly communicate with each
other on social media. So we're able to see things and
Talk Amongst each other and now the eight keepers of information
are freaking out there panicking, right?
So they're they're they're reflex move is let sensor more,
right? And now here's the thing, if add
more chaos into the mix, they're also losing their Monopoly on
the creation of money as well. So, it's two things happening at
the same time and it's creating a fuck ton of chaos and the
sovereign individual predicted this shit in the fucking 90.
So you should definitely read that book but Is I'm gonna end
it on a happy note because it looks like there is some good
people left in the swamp, check out this, tweet by Gary Brito,
which was text it to me by Nick. Can't mine shut out to you.
So check it out. Good morning, some good news, a
comprehensive bipartisan. I think that's the key word
right there. A comprehensive bipartisan bill
has just been introduced in the house to fix everything wrong
with the infrastructures bill Do tax revision including the
unconstitutional. S60 50i individual reporting
mandate. This is the Mandate of the
10,000 dollar rule that I was just talking about.
So he's saying it right there, unconstitutional.
Why is it unconstitutional? It's against the Fourth
Amendment. But if you look at corporate
media right there, feeding it, they're already trying to
prepare you. This is happening.
Anyways, haha, let me put on the glove.
Okay, many ways. Moving on Nick, or Bitcoin
magazine. I stand corrected, I'm sorry,
you know, kind of covers it in this excellent article.
Right? Says Representative Patrick
McHenry and Tim Ryan have today, introduce the keep innovation in
America Act, a bipartisan Bill seeking to fix the digital asset
reporting requirements in the infrastructure, bill turned into
law. This week to quote him, we have
fig we have to figure out how to balance consumer protections and
Honorable oversight while simultaneously providing these
Technologies and companies with the necessary space they need to
grow and innovate and democratize the financial sector
represented Ryan and said in a statement I'm committed to
finding that balance and I believe that McHenry Ryan
legislation is the best path to get us there in September a tax
change introduced in introduced in the infrastructure, bill
would require us persons receiving over 10,000 dollars in
Bitcoin and shit coins to report the sender's personal
information. IRS, extending the provisions of
section 60 50. I that currently only applied to
cash transactions, the new bill aims to remove these reporting
requirements entirely, right? So again, you guys know the
drill, we are single-issue voters on the show.
We don't give a fuck, whether you're Republican or Democrat,
we care. Do you support Bitcoin or do not
support Bitcoin? If you don't support Bitcoin, we
don't like you very much and we will call you out for it.
So again, it's what I was. I was saying before you're
seeing a clash, right? You're seeing the state trying
to maintain control, right? But at the same time, it's like
if what if you pass these totalitarian laws, guess we're
all the Bitcoin is going to go house Avatar, right?
So again like, you know, it's the Ukraine, right?
Like the places that least benefit from the Legacy
Financial system, they're seeing this in the western democracies
that have always benefited from the money printer.
They're going to say bitcoiners come here, bro.
Portugal no capital gains tax for Bitcoin.
You know, it's like they're the better flag, Theory starts to
play out and remember and the Legacy Financial system, the
Fiat system, try to transfer cash between Banks and different
countries, right? Try to do that with Bitcoin.
It's like okay let's get up and leave let's take but they'll
check us a customs. It's like okay, let's take some
time and memorize the seed face and take everything with us.
You know. Literally take all your wealth
with you. That is the power of Bitcoin,
right? That is the clash and what
you're seeing is the state trying to cope with that and
they're having cognitive dissonance, they can't even if
they don't understand it, they thought that they built this
moat that was so secure. They were so confident in the
Legacy Financial system that it's coming to pass and if we
have front-row seats for it, it's amazing.
Phil. Oh man, you just got me thinking
as you were explaining that I'm like you know what?
Somebody could just sit there and like use a book, right?
And You know, underline the words like randomly in a book
like, how would, you know, you know, like it's just, it's
completely insane. Could you imagine, can you
imagine stick? Why is this word under life?
Tell me right now. Is this a seed where it's just a
fancy word? It's like, and I'm like, what
are you supposed to? Like, how are they going to
know? This is totally knots, right?
And you can see right. It's just what you said, they're
lashing out. They've got nothing left.
Okay, the two things that brought them.
The most power is quickly slipping out from under them.
Because Cause let's be honest, they were abusing it and making
all of our Lives much worse as a result and interestingly enough
the, you know, certain, you know, certain people in the
government are still continuing to do this for whatever reason.
So I just, you know what, I was really glad that you finished on
that tweet because that previous one man was brutal.
Yeah, that was definitely brutal.
I'm trying to paint the the overarching macro picture here
because I think A lot of people get lost in the noise on the
day-to-day bullshit, but because we're in this privileged
position where we have to do a good show for you guys, we have
to cover this every fucking day. You start to build a pretty good
picture of what the fuck's going on in your head, right?
And then you obviously you supplement that with excellent
reading material, right? You know, the Bitcoin standard
the sovereign individual and you kind of get an idea of what the
fuck's going on here. This is, we are witnessing the
death of the The traditional nation-state and the separation
of money from State. And it's not going to be pretty.
These people are not going to give over the keys right there,
just not going to do it. So again, the best way to do it
is just store your seed properly.
You know, fight and legal Avenues, right?
Make a ruckus on Twitter stay active, right?
You know, you saw that tweet from Christine Lagarde, she's
trying to tell you like all official and then you scroll
down all the bitcoiners like, Convicted criminal, you know, so
it's like that's how we fight back, you know, not with
violence. But with words, with calling out
the truth, staying principled. Staying on top of this.
Sting as seats, showing the receipts showing the proof,
right? That's how we fight back.
It's gonna be brutal but Bitcoin wins.
Anyways, Chas, what are your closing thoughts?
So I think in the 90s as I'm sure both of you are aware,
there was the crypto War where the US Government tried.
Very hard to kind of you know clampdown by making pgp illegal
or whatever. And Adam back you know made that
shirt and said go fuck yourself. I think that cat and mouse game
is going to continue to some extent.
Like I'm not going to try to predict too far out here but I
think you know before The destruction of the nation state.
As we know it, we're going to continue to have like they're
going to continue to bring out their guns.
We're going to come back with something else.
So maybe it's something like the lightning Network.
Maybe something like Channel factories, you know, whatever
other Bitcoin science fiction, you want to pull out of your
house there, but I think we're going to, you know, continue
down this line and the government can't win, like they
didn't win in the 90s, they didn't win before.
It's at best, it's a stalemate and I think at some point the
stalemate will fail and they'll lose.
But that's my opinion. Yeah and it's funny because when
I'm back came on the show he mentioned that example
specifically as well right which is the crypto wars in the 90s
and it's absolutely fascinating and look when we say the death
of the nation-state we don't mean the destruction of America.
What we mean is the separation of the creation of money from
politicians. Ins.
So the the the traditional like let's go invade a country.
Let me press the money printer. Try doing that on a Bitcoin
standard where everyone holds their own money that's going to
be incredibly difficult, right? Because each individual has
tremendous amount of individual power over the collective state,
right? So, that's what we mean by the
death of the nation-state, the United States of America.
It's literally designed for this, right?
The founding fathers understood the evil right of absolute power
corrupts. Absolutely.
And they tried their best to decentralize the government as
much as possible, but like we said, right, you know, it starts
to Decay over time, right? So now you're seeing even more
centralization, even more centralization, but I'm bullish
as well because each individual state has so much sovereignty,
over the federal government, right?
So you see Texas, right? They're flexing their muscles,
Muscles because they're trying to protect the Bitcoin mining
industry. They're not going to let that go
to the federal government. That's a huge portion of the
economy, Florida, the same Wyoming, the same.
So the federal government could say Bitcoin this and what we
predict is going to happen is you're going to see something
very similar to what happened with the marijuana industry,
right? Federal government took a strong
posture and it was the individual states.
That said, nah marijuana is legal here in California.
Marijuana legalized here in Colorado, So we suspect, it's
gonna be, it's gonna happen take the same path, but this one's
going to be much uglier because it has to do with money and
that's where their power comes from.
And they definitely don't want to give that up.
But anyways, Phil there was a open source software released
today, wanting to everybody about it software releases,
brought to you by Cipher safe, get yourself a Cipher wheel,
protect your Bitcoin from disaster, specifically protect
your seed from disaster, fire proof waterproof.
Pet proof tamper-evident. All the good stuff that we love.
All right, check it out down below.
All right, we've got, um, Braille version 0.4. 0.7 that
was released. Check it out down below in the
show notes. Awesome.
Thank you, Phil. All right, guys, that was our
show before we go, subscribe to us on Rumble and all the podcast
platforms because the things that were saying, my pissed off
the wrong people, if you know what I mean.
And of course, definitely check out our awesome guest.
And I want Say something about our guests because he said
something really interesting in the beginning because he came on
and said, hey, I don't follow you on Twitter and he's like you
don't want to follow me. You might not that you might not
like the things that I have to say and I'm like that's exactly
the type of person I want to follow.
So definitely give him a follow and you can give up all his
handle is at the Chaz on Tweeter and yeah, he's a lightning
junkie. You know, he has this thing and
he's a dope private plane, his nothing else.
He just has the private place. That's it.
He sold everything else and I heard he Told me before the show
that he's selling the chairs on the private plates of scurvy a
private plane empty and stuff. Anyways guys if you enjoyed the
show smashed and if you want to continue hearing the
katastrophe, it's really is from the pickling plea.
Pleb prospective and also the catastrophic fails from the
Bitcoin Fleet perspective. Then I consider subscribing and
we'll see you tomorrow guys for the weekend edition of the
Bitcoin Bitcoin, it's about time