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I don't believe sufficient 
evidence a good money against 

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before we take something, almost
the names of government. 

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Welcome back, everyone. 
We're simply Bitcoin. 

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00:00:11,000 --> 00:00:14,100
It is the weekend recap, we 
break down the news from 

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Twitter. 
The daily fail me review, 

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00:00:16,700 --> 00:00:20,400
software releases Hardware 
releases and the websites by 

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plebs. 
We are diving into the numbers, 

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let's do it. 
Another time. 

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Brought to you, by Bitcoin 2022 
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At the time of this recording, 
the block itís 720 5200, the 

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Bitcoin, price, 30 7605, Rewrite
days 712 total public lightning 

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capacity 3455 89, Moscow, time 
26:59 blocks to the having a 

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hundred fourteen thousand, eight
hundred and the samurai 

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Whirlpool. 
Unspent capacity, Samurai 

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Whirlpool is a coin or 
collaborative spend service. 

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The unspent capacity of that 
service is 4380. 1.69 Bitcoin 

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Nico, the numbers. 
Numbers, bro. 

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The numbers. 
Interesting. 

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Sus weekend, right? 
Quiet. 

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Rican stuck in time, right? 
I'm very proud of the honey 

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badger. 
Like, literally in the face of a

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possible nuclear. 
Armageddon little dark joke 

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right there. 
Knock on wood dude. 

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The honey badger again does not 
care. 

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So that is bullish. 
But anyways, Phil I wanted to 

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talk about this clip that was 
doing the rounds on. 

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There this weekend and it really
got under my skin. 

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And now I want to talk about 
this a little bit. 

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Okay. 
First of all, in terms of the 

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politics about it, you guys know
the drill where a political on 

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this channel. 
Second thing I want to say, I 

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empathize a lot with the 
environmentalist. 

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I think that there's a terrible 
to, there's terrible, pollution 

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and garbage, and all these 
things in the planet nowadays 

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that are like making the planet 
Works. 

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Look, I live near the ocean. 
Okay, I live in, I live in. 

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South Florida, you go to the 
ocean. 

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You will find garbage, okay? 
Like it's a problem. 

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Okay, I just don't agree with 
the methods and I don't agree 

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with bureaucratic coercion, 
right? 

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I'm more. 
So, a fan of free market 

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Solutions and Bitcoin enables, 
those free market Solutions, 

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right? 
But I'll get to the get to that 

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in a second, right? 
Let's anyways, let's hear what 

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the White House Press Secretary 
has to say check it out an oil 

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leases. 
What this Actually justifies and

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President Biden's view is the 
fact that we need to reduce our 

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dependence on foreign oil, on 
oil and general and need to. 

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And we need to look at other 
ways of process of having energy

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in our country and others. 
One of the interesting things 

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George we've seen over the last 
week or so is that a number of 

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European countries are 
recognizing, they need to reduce

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their own Reliance on Russian 
oil it like, anyways, let me 

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move on to this data before I 
talk about psaki, okay? 

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So let's talk about the 
Renewables, which is what 

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they're Advocating for okay, so 
here's the thing right? 

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Renewable energy, it's 9% 
hydropower, which is totally 

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geographically dependent. 
You can't move a dam in a river 

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and solar. 
Right. 

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Solar is relatively low. 
Now why is solar solo solar is 

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low? 
Because unfortunately, when 

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solar is most produced is the 
middle of the day. 

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When people use the least amount
of electricity people, use the 

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most amount of electricity at 
night time, okay? 

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Bitcoin fixes that because 
during the peak time, right 

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essentially Bitcoin but becomes 
the buyer, right? 

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So instead of the government 
subsidizing it which is why wind

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is so high. 
Nowadays winds on itself is not 

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economical right, as much as 
psaki would like to essentially,

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you know, the, the mentality of 
the current Administration to 

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essentially Force the economy to
consume certain to to produce 

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certain Out of energy, like they
tried to do in Germany which is 

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why Germany is so reliant on 
Russia. 

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They shut down all of their 
nuclear power plants which by 

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the way are very green, they 
don't release, they don't 

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release any waste, right? 
You, the the downside with 

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nuclear energy is that 
essentially, there is there is 

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a, after a certain amount of 
time you have to replace the 

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fuel for, for the, for the 
reactors, right? 

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In that fuel. 
You essentially have to bury it,

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you have to put it away. 
But in terms of pollution, and 

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Terms of gas release into the 
atmosphere, it's very low. 

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Now what's not talked about 
solar and wind as well, right? 

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Is that to going into making the
giant windmills, it's very 

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polite, very polite, elusive 
intensive, right? 

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Also, with solar to making the 
solar panels, also causes a lot 

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of a lot of pollution, it 
requires a lot of heavy metals. 

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So, again, my criticism right to
this current Administration is 

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look, I admire the fact that 
That you know, they're they're 

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trying to care for the 
environment environment. 

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But I disagree with their 
methods and I and to be specific

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because this is a show about 
Bitcoin at the end of the day 

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Bitcoin provides those Solutions
because it makes it profitable 

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right to essentially innovate in
the green energy energy industry

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without having to rely without 
having to rely on government, 

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subsidy, right? 
So again it's like if the 

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current Administration really 
wants to Eight green energy as 

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much as they say, they do, they 
should be backing Bitcoin, 

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right? 
Because Bitcoin mining facility 

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facilitates that, right? 
We had Brian Brooks right the 

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CEO bitfury. 
He went on to the senate 

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committee of the, you know, 
cleaning up cryptocurrency, 

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committee and he's essentially 
making the same argument, even 

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more relevant than Bitcoins 
current energy. 

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Use is the incentive effect. 
It has on the future production 

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of renewable energy. 
Bitcoin miners seek low energy 

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cost and the lowest cost always 
Comes from excess capacity which

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can include wind and solar 
energy and energy lost in the 

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transmission and distribution 
process among other things. 

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As just, one example in 2020, in
California where I live one and 

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a half million megawatt hours of
solar production was curtailed 

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meaning wasted because 
production exceeded demand and 

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the u.s. grid loses literally. 
Thousands of TW a year due to 

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inefficient transmission because
Bitcoin miners are easily able 

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to locate near the source of 
production. 

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Ian, these kinds of excess 
capacity sources can be turned 

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into economic value through 
Bitcoin mining and this has the 

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effect of taking what can be an 
unprofitable business, for 

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example, solar and making it 
profitable, put differently. 

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If we want more wind and solar 
in this country with less need 

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for government, subsidy Bitcoin 
can be part of the solution, 

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right? 
So again, I don't think that 

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their solution. 
I don't think that the solution 

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to this environmental problem is
through government, coercion of 

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energy production. 
That's making everyone's life 

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more expensive. 
It's clearly not working. 

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Germany is a prime example of 
that, right? 

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And now they're completely 
reliant on a country that the 

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West is being hostile towards 
which gives Russia tremendous 

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amount of Leverage and wealth to
invade other countries because 

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it's one thing it's like, yeah, 
you know, in the west we're 

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going to be all green, we're 
going to pay a lot more for 

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electricity, but you know, 
Russia. 

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They're just going to keep, you 
know, mining that fossil fuel, 

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right? 
So again, It's disconnected from

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reality Bitcoin. 
Absolutely fixes this but only 

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if they see it and 
unfortunately, what you get from

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the alot of the, a lot of the 
establishment left nowadays is 

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there fighting Bitcoin tooth and
nail, right? 

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Even though Bitcoin is the 
solution to their environmental 

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issues because it actually makes
green energy profitable right 

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solar and wind. 
So I don't know, bro. 

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Just just just some thoughts, 
you know, I actually saw an 

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article this weekend from see 
Then that was or it was a 

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funeral, like some news 
clipping. 

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Anyways, just totally bashing 
Bitcoin about the energy about 

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the energy problem, right? 
And the quote, unquote 

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ever-increasing energy. 
So, hold on a second. 

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I just want to back up to gen 
sakis comments. 

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I feel like she was scapegoating
there. 

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Like, I feel like, I don't know,
maybe that's the wrong term, but

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I feel like she was saying, 
well, what? 

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Wait a second, you know, you 
know, we're not at fault for 

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the, you know, for these 
problems because Other you know,

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because other people are relying
other countries are relying on 

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on Imports. 
Also, you know, so it's not just

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us we had if I'm not mistaken, 
the Keystone Pipeline was work, 

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we had energy, we had used, we 
had total energy Independence, 

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okay? 
But its total energy, in the 

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past, we didn't rely on another 
country for energy. 

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And then this administration 
because of a political 

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ideologies, right, decided to 
shut down things left and right,

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which the fossil fuel. 
But again, what I would I was 

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showing right during this clip. 
During this, by the way, it's 

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data from the government, is 
that look, she could say all she

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wants, right? 
About shutting down, you know, 

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moving to Green, but the reality
is of it is that 60% of the 

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energy production in the United 
States still comes from fossil 

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fuels. 
So if you attack fossil fuels, 

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even though they're responsible 
for 60% of the energy 

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production, what are you going 
to get higher gas prices higher?

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Electric bills, which is exactly
It's happening, which is exactly

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what happened in Germany. 
These ideas come from a good 

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place, which is about saving the
environment. 

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But there's there's good ideas 
and there's economic reality, 

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right? 
The good ideas are meeting 

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economic reality and economic 
reality is taking them to tout. 

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00:10:16,800 --> 00:10:20,800
Which is why Germany's put in 
this week place when it comes to

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having to buy gas from Russia or
else the Germans are going to 

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get cold this winter, right? 
Anyways I am just you know what 

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I can't believe that this is 
playing out in All time the way 

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that it is to be perfectly 
honest. 

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The for me, I'm just, I'm 
completely astonished. 

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00:10:35,900 --> 00:10:38,300
And you know what? 
I don't know if you ever saw 

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this. 
Also, but did you ever see you 

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were talking about the 
windmills? 

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Write those things, they, if I'm
not mistaken, they don't recycle

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very well, they dumb. 
I recall seeing I recall seeing 

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an article about fields of these
things that they can't get rid 

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00:10:51,300 --> 00:10:55,000
of that, they have to bury. 
So again, to your point, right, 

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the great ideas economic 
realities, they meet that, you 

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know, this is where the rubber 
hits the road. 

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And this is where we actually 
need practicality, and this is 

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00:11:02,800 --> 00:11:05,600
where we need realism, right? 
Not fantasy. 

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00:11:06,000 --> 00:11:09,500
So and what's crazy, right? 
Which is why I wanted to talk 

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about this because this is just 
noise in my opinion. 

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00:11:12,400 --> 00:11:15,000
But the reason I want to talk 
about it which this is signal, 

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is that Bitcoin actually 
provides a solution to this 

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00:11:18,300 --> 00:11:20,600
right? 
Because Bitcoin actually makes 

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00:11:20,800 --> 00:11:24,100
this Niche type of energy 
production, which is totally 

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00:11:24,100 --> 00:11:27,700
subsidized by the government, it
actually makes it potentially 

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00:11:27,700 --> 00:11:30,900
profitable and the same 
Environmental This are still 

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00:11:30,900 --> 00:11:34,300
fighting Bitcoin which goes on 
to say, which is why I brought 

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00:11:34,300 --> 00:11:37,000
up this point on Sunday. 
Are these people really 

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concerned about the planet? 
Because I am or they really 

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00:11:39,800 --> 00:11:44,000
concerned about control? 
I don't know, you know what? 

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00:11:44,400 --> 00:11:46,100
Oh sorry, go ahead. 
No, you go ahead. 

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00:11:46,600 --> 00:11:48,600
I was just going to say you know
to your point as you're 

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00:11:48,600 --> 00:11:51,300
discussing this you're making me
think like how much is this 

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going to incentivize better fuel
cell technology like how much 

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00:11:55,000 --> 00:11:58,100
you want to make a bet we see 
Bitcoin and up incentivizing 

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00:11:58,100 --> 00:11:59,800
better? 
Fuel cell technology Force? 

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Our solar to be more practical 
because to your point, the 

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00:12:03,000 --> 00:12:06,700
majority of it is actually solar
energy is absorbed in the middle

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00:12:06,700 --> 00:12:09,000
of the day, whereas the majority
of people are using their energy

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00:12:09,000 --> 00:12:13,100
at night, so maybe Bitcoin will 
incentivize that as well. 

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00:12:13,500 --> 00:12:16,200
Yep. 
Exactly. 

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00:12:16,400 --> 00:12:18,100
Who knows. 
We'll wait and see. 

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00:12:18,200 --> 00:12:21,600
But anyways, Phil, it's time for
the daily fail brought to you by

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00:12:21,600 --> 00:12:23,300
Ember app. 
Check them out. 

229
00:12:23,300 --> 00:12:27,000
Amber dot app. 
Low fees Fair spreads smart 

230
00:12:27,000 --> 00:12:29,400
automation, it's the easiest way
to buy Bitcoin. 

231
00:12:29,400 --> 00:12:34,500
The link is down below ammo. 
Smart, wait, stuck sounds. 

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00:12:34,900 --> 00:12:39,300
We have been asked by several 
fellow plebs and bitcoiners to 

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00:12:39,300 --> 00:12:44,100
do another episode dismantling 
hex or Richard Hart. 

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00:12:45,000 --> 00:12:49,500
Coin. 
Anyways, this is a very 

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00:12:50,000 --> 00:12:54,700
intricate type of shit coin and 
it has a lot of nuance to it. 

236
00:12:54,700 --> 00:12:57,300
And for the people who know who 
Richard Hart is, you know, that 

237
00:12:57,300 --> 00:13:03,300
he's a very elegant speaker, you
know, that he can, he can create

238
00:13:03,300 --> 00:13:06,100
stories out of nothing and he 
can definitely make you feel 

239
00:13:06,100 --> 00:13:08,600
stupid. 
I so look in full disclosure, 

240
00:13:08,600 --> 00:13:10,600
right? 
When I was a shit coiner and I 

241
00:13:10,608 --> 00:13:14,800
was moving into Bitcoin, he was 
one of the podcasts that I I 

242
00:13:14,808 --> 00:13:18,300
paid attention to and I used to 
watch his six-hour Rants and 

243
00:13:18,300 --> 00:13:21,200
stuff like that watching him 
take down you know shit Corner 

244
00:13:21,200 --> 00:13:23,300
question after shit coin or 
question about Bitcoin. 

245
00:13:23,300 --> 00:13:27,600
And I was like man, this guy 
knows so much and he would speak

246
00:13:27,600 --> 00:13:31,400
with this confidence, right? 
And and being the way that, you 

247
00:13:31,400 --> 00:13:33,800
know, being the way that I was 
and not knowing and not knowing 

248
00:13:33,800 --> 00:13:36,400
any better, I was like, wow, you
know, this guy really knows what

249
00:13:36,400 --> 00:13:38,500
he's talking about. 
Anyways, I have to start with 

250
00:13:38,500 --> 00:13:43,000
this preface before we dive into
this because this project. 

251
00:13:43,000 --> 00:13:48,400
Okay, this project Has a lot of 
Schiller's, okay? 

252
00:13:48,400 --> 00:13:53,000
A lot of Schiller's and people 
for that reason, people seem to 

253
00:13:53,000 --> 00:13:55,700
think that because of that 
noise, it means that it's not a 

254
00:13:55,700 --> 00:13:59,500
scam, but it is it's no 
different than any other shit 

255
00:13:59,500 --> 00:14:02,000
coin. 
If anything, it might even be 

256
00:14:02,000 --> 00:14:04,200
significantly worse. 
I don't know because I have a 

257
00:14:04,200 --> 00:14:07,100
hard time distinguishing between
dumpster juice and garbage to be

258
00:14:07,100 --> 00:14:09,000
honest. 
Anyways we're going to proceed. 

259
00:14:09,000 --> 00:14:10,900
We're going to start off with 
this tweet that we were tagged 

260
00:14:10,900 --> 00:14:14,000
in by shut a face. 
Okay. 

261
00:14:14,000 --> 00:14:15,800
And here we go. 
This is Shire hottel. 

262
00:14:16,000 --> 00:14:18,800
I'm really getting worried that 
hex is just a scam 

263
00:14:18,800 --> 00:14:21,400
pump-and-dump. 
Now I advise all hexagons to 

264
00:14:21,400 --> 00:14:23,800
reevaluate. 
The use case, I've sold 95% of 

265
00:14:23,800 --> 00:14:27,000
my investment while I do some 
research, it's not an 

266
00:14:27,000 --> 00:14:29,100
investment. 
It's not an investment. 

267
00:14:29,100 --> 00:14:31,800
Anyways, as you guys know, the 
links to all of our source 

268
00:14:31,800 --> 00:14:34,900
material is going to be in the, 
you know, in the details, part 

269
00:14:34,900 --> 00:14:36,700
of the YouTube video. 
So don't forget to check it out 

270
00:14:36,700 --> 00:14:39,100
for the whole entire article. 
Let's dive into it. 

271
00:14:39,500 --> 00:14:41,400
What is hex? 
Shit coin? 

272
00:14:41,500 --> 00:14:43,900
Here we go. 
Hex is a token on the etherium 

273
00:14:43,900 --> 00:14:46,000
networks. 
You to buy smart contract and 

274
00:14:46,000 --> 00:14:50,300
the website advertises itself as
a place to earn forty percent 

275
00:14:50,300 --> 00:14:54,300
per year. 
With certificates of deposit hex

276
00:14:54,300 --> 00:14:56,900
has been very careful with the 
marketing language on the 

277
00:14:56,900 --> 00:14:59,800
website and product design 
features to both appear 

278
00:14:59,800 --> 00:15:02,300
legitimate and to avoid legal 
trouble. 

279
00:15:02,500 --> 00:15:05,300
There's even an entire page on 
the hex token dedicated to why 

280
00:15:05,300 --> 00:15:09,500
the product isn't a scam and 
generously educates the reader 

281
00:15:09,500 --> 00:15:13,100
on what technically constitutes,
an illegal Ponzi scheme and a 

282
00:15:13,100 --> 00:15:15,900
pyramid scheme. 
And why Why this, and why this 

283
00:15:15,900 --> 00:15:20,800
product doesn't legally qualify.
Okay, let's take a little trip 

284
00:15:20,900 --> 00:15:23,600
over to the hex website. 
And here it is. 

285
00:15:23,900 --> 00:15:27,000
Hex is not a scam. 
And here are the reasons why 

286
00:15:27,000 --> 00:15:29,600
hexes not a scam, okay. 
And he gives you a whole bunch 

287
00:15:29,600 --> 00:15:32,800
of little concerns that you can 
click on and it will tell you 

288
00:15:32,800 --> 00:15:35,300
why it's not a scam. 
So here just his main heading is

289
00:15:35,300 --> 00:15:39,000
hex starve scams of resources. 
So look, this is something, this

290
00:15:39,000 --> 00:15:43,600
is another piece that he's very 
good at doing. 

291
00:15:43,700 --> 00:15:46,800
Okay. 
This is intentionally what he 

292
00:15:46,800 --> 00:15:49,000
does and he's even said this in 
his videos, okay? 

293
00:15:49,000 --> 00:15:52,300
He said this actually to I 
believe it was Peter McCormack. 

294
00:15:52,300 --> 00:15:55,400
Okay, there was a video on 
Richard hard on Richard Hearts 

295
00:15:56,000 --> 00:16:00,400
Channel with Peter McCormack 
arguing with him about hex and 

296
00:16:00,400 --> 00:16:03,200
then and Giacomo Zuko also 
arguing with him about hex. 

297
00:16:03,200 --> 00:16:04,600
We're going to have that in the 
show notes. 

298
00:16:04,600 --> 00:16:09,400
But essentially he explains that
he is feeding you information, 

299
00:16:09,600 --> 00:16:11,000
okay? 
This is exactly what he tells 

300
00:16:11,000 --> 00:16:12,400
Peter goes, Peter goes, you 
don't know anything. 

301
00:16:12,400 --> 00:16:15,700
He goes, I'm feeding you all the
information that You know, and 

302
00:16:15,700 --> 00:16:19,400
this is exactly what he does 
with this product, he is telling

303
00:16:19,400 --> 00:16:22,500
you what the definition of a 
scam is and what the definition 

304
00:16:22,500 --> 00:16:28,000
of upon Z is and he's framing 
this product, which is you're 

305
00:16:28,000 --> 00:16:30,800
going to see majority owned and 
controlled by him. 

306
00:16:31,100 --> 00:16:35,500
How this product is not a scam 
and it's better than Bitcoin. 

307
00:16:35,500 --> 00:16:37,400
Usually legitimate investment 
products. 

308
00:16:37,400 --> 00:16:41,600
Don't need an entire section. 
Educating you on scams indeed. 

309
00:16:41,700 --> 00:16:43,400
This is true. 
I've actually never seen that. 

310
00:16:43,400 --> 00:16:47,100
You go to bitcoin There's on any
of the Bitcoin websites. 

311
00:16:47,100 --> 00:16:50,100
Right there is nothing about 
telling you how it's not a scam,

312
00:16:50,900 --> 00:16:53,100
you know. 
So sorry. 

313
00:16:53,400 --> 00:16:56,200
And again, not to say that if 
something is telling you 

314
00:16:56,200 --> 00:16:58,000
something is not telling you 
that it's not a scam. 

315
00:16:58,000 --> 00:17:00,700
It doesn't mean that it's not a 
scam, but just to say that the 

316
00:17:00,700 --> 00:17:03,700
product should be able to stand 
on its own for what it's doing. 

317
00:17:04,000 --> 00:17:06,599
Okay? 
But this product does not, so it

318
00:17:06,599 --> 00:17:10,300
has to educate you as to why 
it's not a scam. 

319
00:17:10,599 --> 00:17:14,400
Anyways, let's continue the 
auditing of the hex token. 

320
00:17:14,700 --> 00:17:17,300
Hex mentions frequently in its 
marketing materials. 

321
00:17:17,400 --> 00:17:20,200
That three different Auditors 
have audited its contract, 

322
00:17:20,200 --> 00:17:23,000
auditing in the crypto world is 
where developers who specialize 

323
00:17:23,000 --> 00:17:25,300
in cryptocurrency, smart 
contracts, evaluate the computer

324
00:17:25,300 --> 00:17:28,600
code for bugs, having sound 
code, doesn't absolve it from 

325
00:17:28,600 --> 00:17:32,100
being a scam. 
If the code is written to be a 

326
00:17:32,100 --> 00:17:35,300
scam and here we go. 
We can see one of the tweets hex

327
00:17:35,300 --> 00:17:37,600
hex dot win. 
Might be the best opportunity of

328
00:17:37,608 --> 00:17:40,700
your life. 
Hexes designed to go up 10,000 x

329
00:17:40,700 --> 00:17:46,400
in only two and a half years 
anybody who Math, for more than 

330
00:17:46,400 --> 00:17:50,100
two minutes, can figure out. 
That this is completely 

331
00:17:50,300 --> 00:17:53,600
unsustainable tweets directly 
from Richard. 

332
00:17:53,800 --> 00:17:56,900
Hi, I'm Richard hard, I founded 
the best asset in the history of

333
00:17:56,900 --> 00:17:59,800
the universe. 
X.com is up four hundred sixty 

334
00:17:59,800 --> 00:18:02,200
six thousand percent in 603 
days. 

335
00:18:02,800 --> 00:18:05,800
And look, you've got some paid 
advertising pieces. 

336
00:18:06,000 --> 00:18:09,000
This is not difficult to come 
by, you, pay for these pieces. 

337
00:18:09,600 --> 00:18:12,600
How is this legal? 
Well, because you pay, if he 

338
00:18:12,600 --> 00:18:14,500
just, he pays for it, look, 
you've got it. 

339
00:18:14,600 --> 00:18:18,000
Look, you've got even on buses, 
look, people putting this on 

340
00:18:18,000 --> 00:18:22,300
their cars, supposedly in a 
train station, right? 

341
00:18:22,500 --> 00:18:24,300
Lots of marketing, lots of 
advertising. 

342
00:18:24,300 --> 00:18:25,900
What have we told you about all 
these shit coins? 

343
00:18:25,900 --> 00:18:29,100
What have we told you about the 
marketing machines that are 

344
00:18:29,100 --> 00:18:33,600
behind this, who founded hex? 
The founders, who go the 

345
00:18:33,600 --> 00:18:36,800
founder, who goes by Richard 
Hart for marketing, his real 

346
00:18:36,800 --> 00:18:40,000
name is Richard J Schuler. 
There's nothing wrong with using

347
00:18:40,000 --> 00:18:42,000
a pen name. 
Except when the point is to hide

348
00:18:42,000 --> 00:18:45,000
a long history of shady 
businesses involved in Banning 

349
00:18:45,000 --> 00:18:49,700
my eye Viagra and anti-aging 
pills and legal trouble in 

350
00:18:49,700 --> 00:18:52,200
Panama here. 
In 2003. 

351
00:18:52,200 --> 00:18:57,200
He offers up that he was a 23 
year old multi-millionaire from 

352
00:18:57,200 --> 00:18:59,900
spamming and you could see here,
Richard Schuler. 

353
00:18:59,900 --> 00:19:02,300
I'm a 23 year old, 
multi-millionaire learn how to 

354
00:19:02,308 --> 00:19:05,900
spam millions of people per day.
His own blog, documented, other 

355
00:19:05,900 --> 00:19:08,800
Shady business such as selling 
stereo equipment. 

356
00:19:08,900 --> 00:19:11,500
He didn't own. 
This is his blog right here. 

357
00:19:11,800 --> 00:19:14,100
What if I put ads in the 
newspaper for stereo equipment? 

358
00:19:14,100 --> 00:19:16,100
I don't know. 
Yet when people call tell them, 

359
00:19:16,100 --> 00:19:18,700
I have a good friend at any 
electron at an electronics store

360
00:19:18,800 --> 00:19:21,600
and, and that, if they can give 
me half the money, I can get 

361
00:19:21,600 --> 00:19:24,600
them, the equipment that a great
price and they can have it that 

362
00:19:24,600 --> 00:19:26,300
day. 
How did Richard Hart make his 

363
00:19:26,300 --> 00:19:29,200
money by selling millions of 
tokens created out of thin air 

364
00:19:29,200 --> 00:19:32,500
to poor saps who think that 40% 
of your returns can just be 

365
00:19:32,500 --> 00:19:35,500
invented with the token. 
Alright let's dive in to the 

366
00:19:35,500 --> 00:19:38,800
initial coin offering here 
during the first years claim 

367
00:19:38,800 --> 00:19:41,500
period you obtained hex by 
sending etherium to the 

368
00:19:41,500 --> 00:19:43,700
contract. 
Address known as the origin 

369
00:19:43,700 --> 00:19:46,000
address if you want it. 
Change your hex tokens back to 

370
00:19:46,000 --> 00:19:47,800
aetherium. 
You'd have to go somewhere else.

371
00:19:47,800 --> 00:19:51,600
Schuller's origin address offers
no refunds which again, refresh 

372
00:19:51,600 --> 00:19:54,300
has. 
Why the term certificate of 

373
00:19:54,300 --> 00:19:58,500
deposit is a poor naming Choice?
He kept everything you sent him 

374
00:19:58,500 --> 00:20:00,900
scot-free. 
And if you want it out, then you

375
00:20:00,900 --> 00:20:03,700
had to find an exchange. 
You have to find an exchange 

376
00:20:03,700 --> 00:20:05,900
offering liquidity in 
interviews. 

377
00:20:05,900 --> 00:20:09,000
He always Dodges the question of
who controls the hex origin 

378
00:20:09,000 --> 00:20:11,600
address, and this is true. 
The reason why he will avoid 

379
00:20:11,600 --> 00:20:13,800
that question. 
Is because the I co was deemed a

380
00:20:13,808 --> 00:20:17,000
security by The SEC and he 
conducted an illegal one for an 

381
00:20:17,000 --> 00:20:19,600
entire year, without a filing 
and registration. 

382
00:20:19,700 --> 00:20:22,600
He received an asset in exchange
for his own creation. 

383
00:20:22,900 --> 00:20:25,800
It's an icy. 
Oh, without question about 7 

384
00:20:25,800 --> 00:20:29,200
million of eith was withdrawn 
from the hex origin address 

385
00:20:29,200 --> 00:20:31,900
about a month after the launch 
36. 

386
00:20:31,900 --> 00:20:38,800
Transactions of 100. 
Sorry of 1337 eith, which for 

387
00:20:38,800 --> 00:20:40,100
the people that know what that 
spells. 

388
00:20:40,100 --> 00:20:43,300
It spells, leapt backwards, 
which is something you learned 

389
00:20:43,300 --> 00:20:46,200
back in the 90s. 
It's Old hacker speak during the

390
00:20:46,200 --> 00:20:48,800
first year, there was nothing 
stopping Richard Schuler from 

391
00:20:48,800 --> 00:20:51,500
creating a continuous loop by 
sending etherium to the origin 

392
00:20:51,500 --> 00:20:54,400
address receiving hex than 
sending the receiving etherium 

393
00:20:54,400 --> 00:20:56,600
to a different address. 
Maybe even through a laundering 

394
00:20:56,600 --> 00:20:59,900
mixer to obfuscate this activity
and then sending it right back 

395
00:20:59,900 --> 00:21:01,600
to the origin. 
Address for more hex. 

396
00:21:01,800 --> 00:21:05,500
He could make himself as much 
hex as he wanted and he did 

397
00:21:05,500 --> 00:21:08,300
since these hex tokens were 
minted out of thin air and 

398
00:21:08,300 --> 00:21:10,500
locked for a year and didn't 
actually cost him anything to 

399
00:21:10,500 --> 00:21:13,400
give them out, but it gave the 
appearance to Outsiders that 

400
00:21:13,400 --> 00:21:15,900
there was a thriving community. 
Unity with thousands of hex 

401
00:21:15,900 --> 00:21:19,300
participants Schuler. 
Incentivize people to act fast 

402
00:21:19,300 --> 00:21:21,300
to get a bonus. 
This is another typical scammer 

403
00:21:21,300 --> 00:21:24,800
move time-sensitive material. 
You have to act quickly, you got

404
00:21:24,800 --> 00:21:27,800
to do this soon. 
It's just a very typical not 

405
00:21:27,800 --> 00:21:30,400
necessarily just scammer, but 
salesman move when someone 

406
00:21:30,400 --> 00:21:34,800
exchanged aetherium to hex 
Schuler, got both a copy of the 

407
00:21:34,800 --> 00:21:39,500
hex value and also the full eith
value. 

408
00:21:39,600 --> 00:21:41,600
So, that's right. 
So if you went and claimed a 

409
00:21:41,608 --> 00:21:44,500
thousand hex, not only did he 
get, you're eith. 

410
00:21:45,000 --> 00:21:48,600
But he also got the Thousand hex
you claimed. 

411
00:21:48,800 --> 00:21:52,000
So, you got the Thousand hex and
he got the Thousand eggs. 

412
00:21:52,300 --> 00:21:55,200
He wins more, no matter what. 
And why shouldn't he? 

413
00:21:55,400 --> 00:21:58,400
He created this. 
I'm the king of this Castle. 

414
00:21:58,700 --> 00:22:03,000
I deserve the most, when someone
was referred by another hex 

415
00:22:03,000 --> 00:22:07,600
user, he also got a copy of what
both the refer and the referee 

416
00:22:07,600 --> 00:22:11,200
got. 
So it's like quadruple dipping. 

417
00:22:12,100 --> 00:22:15,200
Each time someone used the 
adoption method or was referred,

418
00:22:15,200 --> 00:22:18,400
it was further delusionary to 
the hex token pool by 2x the 

419
00:22:18,400 --> 00:22:20,300
claim amount, it should be 
pretty obvious. 

420
00:22:20,300 --> 00:22:23,700
The only significant whale in 
the hex system is Schuler 

421
00:22:23,700 --> 00:22:26,100
himself. 
No scam would be complete 

422
00:22:26,100 --> 00:22:29,100
without advertising. 
How rich people are getting 

423
00:22:29,100 --> 00:22:33,500
along with some Lambo Schilling?
This is true 2017. 

424
00:22:33,600 --> 00:22:36,300
You'd have people showing you 
there like that, you know, their

425
00:22:36,300 --> 00:22:39,900
portfolios and stuff like that, 
with like 60, 70 million dollars

426
00:22:39,900 --> 00:22:41,300
in it. 
And, you know, showing you 

427
00:22:41,300 --> 00:22:43,000
pictures of Sitting next to 
Lambeau. 

428
00:22:43,000 --> 00:22:45,500
So here we go. 
But with hex the lambo bought 

429
00:22:45,500 --> 00:22:48,800
with hex, the main product 
feature is to lock up your hex 

430
00:22:48,800 --> 00:22:52,600
tokens for a chosen period of 
time with the rewards increasing

431
00:22:52,600 --> 00:22:56,300
along with the lockup period by 
incentivizing hex buyers to lock

432
00:22:56,300 --> 00:22:58,400
up their tokens for a number of 
years heavily. 

433
00:22:58,400 --> 00:23:01,600
Penalizing them, if they unlock 
early, it removes selling 

434
00:23:01,600 --> 00:23:04,900
pressure and reduces the float. 
This provides the opportunity 

435
00:23:04,900 --> 00:23:07,900
for the marketing efforts to 
have a more powerful effect. 

436
00:23:07,900 --> 00:23:10,000
Since with more buyers than 
sellers. 

437
00:23:10,000 --> 00:23:11,700
The price will be pressured 
upwards. 

438
00:23:11,900 --> 00:23:15,400
And this in turn lowers in 
additional buyers catching the 

439
00:23:15,400 --> 00:23:18,000
fomo bug. 
The goal of course, is to remove

440
00:23:18,000 --> 00:23:20,400
as many retail Sellers, as 
possible from the process. 

441
00:23:20,600 --> 00:23:23,300
So that the only people who are 
left to sell are the earliest 

442
00:23:23,300 --> 00:23:27,400
investors and promoters who have
large bags to dump on new 

443
00:23:27,400 --> 00:23:29,400
entrance. 
How does hex makes money? 

444
00:23:29,800 --> 00:23:32,000
It doesn't. 
This is where we really get to 

445
00:23:32,008 --> 00:23:34,300
the Crux of the hex scam with 
hex. 

446
00:23:34,300 --> 00:23:37,200
There's no underlying economic 
activity happening at all. 

447
00:23:37,400 --> 00:23:41,300
It's not even real interest. 
All the hex contract code does 

448
00:23:41,300 --> 00:23:45,100
is New inflationary tokens every
year and then distributes the 

449
00:23:45,100 --> 00:23:48,100
inflation to those who have 
agreed to lock. 

450
00:23:48,100 --> 00:23:49,900
There's up. 
This is what I was telling you 

451
00:23:49,900 --> 00:23:52,200
about the website. 
Those who walk up tokens, also, 

452
00:23:52,200 --> 00:23:55,000
get half the penalties from 
those who unlock their funds 

453
00:23:55,000 --> 00:23:58,300
early, or get this forget to 
unlock their funds within two 

454
00:23:58,300 --> 00:24:01,600
weeks of the agreed upon period.
Richard Schuler, generously 

455
00:24:01,600 --> 00:24:05,400
gives himself the other half. 
So once again, if you forget to 

456
00:24:05,400 --> 00:24:09,500
unlock them, he gets paid to the
sole purpose of the hex contract

457
00:24:09,500 --> 00:24:13,400
is to redistribute value from 
some And holders to other token 

458
00:24:13,400 --> 00:24:15,400
holders Nico. 
How does what does that sound 

459
00:24:15,400 --> 00:24:17,500
like to you? 
Yeah, that sounds like some kind

460
00:24:17,500 --> 00:24:20,400
of Communism. 
So Z distribution of wealth. 

461
00:24:20,800 --> 00:24:24,100
Hey with one master at the top, 
what makes hex effectively a 

462
00:24:24,100 --> 00:24:27,400
Ponzi scheme when Ponzi schemes 
were defined 100 years ago. 

463
00:24:27,400 --> 00:24:32,200
Private currency ones didn't 
exist, so sorry private. 

464
00:24:32,800 --> 00:24:35,600
Yeah, sorry, private currency 
ones didn't exist. 

465
00:24:35,600 --> 00:24:39,700
So hex doesn't quite meet the 
exact legal definition since the

466
00:24:39,700 --> 00:24:43,800
cash flow of new investors. 
Does Directly cross the table to

467
00:24:43,800 --> 00:24:46,900
another investors pocket. 
That's where Richard Hart and 

468
00:24:46,900 --> 00:24:48,600
his followers, stop the 
discussion. 

469
00:24:48,600 --> 00:24:53,200
See technically it's technically
not a Ponzi. 

470
00:24:53,200 --> 00:24:57,800
Therefore it's not a scam hex 
controls its own seigniorage and

471
00:24:57,800 --> 00:25:01,400
it is written into the contract 
to just mint more tokens over 

472
00:25:01,400 --> 00:25:05,300
time and then those tokens are 
paid out to existing investors 

473
00:25:05,300 --> 00:25:08,300
as interest by constantly 
increasing the supply. 

474
00:25:08,300 --> 00:25:10,900
There will always be negative 
price pressure on the value of 

475
00:25:10,900 --> 00:25:13,900
what those tokens. 
Are worth a technical Ponzi 

476
00:25:13,900 --> 00:25:16,000
scheme eventually collapses 
because the earnings aren't 

477
00:25:16,000 --> 00:25:18,400
really being generated and the 
scheme always needs new 

478
00:25:18,400 --> 00:25:22,600
investors flowing in to pay off 
the old investors in contrast to

479
00:25:22,600 --> 00:25:25,700
hex since the purported returns 
are paid with additional 

480
00:25:25,700 --> 00:25:28,600
inflationary tokens. 
These additional tokens need to 

481
00:25:28,600 --> 00:25:31,900
be absorbed by new investors. 
Otherwise the token price 

482
00:25:31,900 --> 00:25:34,400
collapses. 
The collapse can be delayed for 

483
00:25:34,400 --> 00:25:37,800
years when investors when 
investors wait to collect their 

484
00:25:37,800 --> 00:25:41,300
purported earnings and reinvest 
them sound familiar, Bernie 

485
00:25:41,300 --> 00:25:43,600
Madoff. 
I'm lasted for decades because 

486
00:25:43,600 --> 00:25:46,100
most people just continue to 
roll their investment again. 

487
00:25:46,100 --> 00:25:50,400
And again, this is what makes 
hex analogous to a Ponzi scheme.

488
00:25:50,600 --> 00:25:52,700
Only that there is one 
additional step. 

489
00:25:52,800 --> 00:25:55,800
We're both new and existing 
investors are transacting in 

490
00:25:55,800 --> 00:25:59,500
directly with each other through
a token that is subject to 

491
00:25:59,500 --> 00:26:02,400
supply and demand. 
The average lockup time is about

492
00:26:02,400 --> 00:26:05,100
two years. 
So there's a long delay before 

493
00:26:05,100 --> 00:26:09,600
the impact of the freshly minted
tokens takes effect on the hex 

494
00:26:09,600 --> 00:26:13,600
Supply in an effort to End that 
there are more investors than 

495
00:26:13,600 --> 00:26:14,500
there. 
Really are. 

496
00:26:14,700 --> 00:26:19,200
Some one guess who sent X2 
137,000 addresses in large bass 

497
00:26:19,200 --> 00:26:21,900
batches? 
Mostly small amounts of 102, 

498
00:26:21,900 --> 00:26:24,800
101, hex. 
And the addresses have no 

499
00:26:24,800 --> 00:26:29,000
further activity. 
These are throwaway amounts 

500
00:26:29,200 --> 00:26:32,500
since the etherium gas would 
cost more than the value given 

501
00:26:32,500 --> 00:26:35,600
to actually sell it. 
Schuler loves to brag about how 

502
00:26:35,600 --> 00:26:38,600
many unique wallet, addresses 
have hex. 

503
00:26:38,900 --> 00:26:41,900
So there's your reason why. 
All right, let's dive into the 

504
00:26:41,900 --> 00:26:44,100
centralization. 
Heart loves to talk about how 

505
00:26:44,100 --> 00:26:47,800
Bitcoin and other block chains 
are centralized. 

506
00:26:48,000 --> 00:26:52,400
How does hex, how much hex does 
Richard Hart, own, or control? 

507
00:26:52,400 --> 00:26:54,400
Now, see, look in Bitcoin. 
We've already shown time and 

508
00:26:54,400 --> 00:26:55,400
time. 
Again, this doesn't matter. 

509
00:26:55,400 --> 00:26:56,700
It's not about who owns the 
Bitcoin. 

510
00:26:57,000 --> 00:27:02,200
It's about the mining and it's 
about the validating nodes very 

511
00:27:02,200 --> 00:27:04,700
different than this. 
But when it comes to these types

512
00:27:04,700 --> 00:27:07,500
of coins, it's all about, who 
owns the most ether scan 

513
00:27:07,500 --> 00:27:11,200
provides a tool to look at the 
top. 500 token holders, almost 

514
00:27:11,200 --> 00:27:14,500
all of them were created in 
blocks on the same day within 

515
00:27:14,500 --> 00:27:17,300
the same hour, try to find a 
single account. 

516
00:27:17,300 --> 00:27:20,700
In the top 150 that wasn't 
funded by The Origin account. 

517
00:27:20,800 --> 00:27:23,700
Furthermore, this is a whole 
block of accounts that all have 

518
00:27:23,700 --> 00:27:29,200
the same exact amount in them. 
Guys, this is this is so cringe.

519
00:27:29,900 --> 00:27:32,400
Really, you're going to tell you
know, like this isn't real 

520
00:27:32,400 --> 00:27:34,400
activity, this is this is just 
fraud. 

521
00:27:34,600 --> 00:27:37,300
Anyways, these simple 
observations show that Richard 

522
00:27:37,300 --> 00:27:40,900
controls the majority of the 
entire supply of effect of hex. 

523
00:27:40,900 --> 00:27:44,100
So, how much hex does he control
in total? 

524
00:27:44,500 --> 00:27:47,900
Someone has actually managed to 
collate the addresses funded 

525
00:27:47,900 --> 00:27:49,500
from the origin address and 
Richards. 

526
00:27:49,500 --> 00:27:55,200
Token database shows he controls
88% of all the hex 88%. 

527
00:27:55,400 --> 00:27:58,000
What does hex actually do? 
What's its purpose? 

528
00:27:58,100 --> 00:28:00,700
What an ovation does? 
Hex, add to the table aside from

529
00:28:00,700 --> 00:28:03,800
being a self enrichment? 
Scam, Bitcoins purpose wasn't to

530
00:28:03,800 --> 00:28:05,300
furnish. 
Its users with investment 

531
00:28:05,300 --> 00:28:07,700
returns which is hexes only 
purpose. 

532
00:28:07,900 --> 00:28:10,300
Bitcoin was invented to 
facilitate digital payments and 

533
00:28:10,300 --> 00:28:12,700
solve a double spending problem 
for digital money. 

534
00:28:13,000 --> 00:28:15,500
Bitcoin was the Genesis of 
cryptocurrency and it didn't 

535
00:28:15,500 --> 00:28:18,500
require sending the founder 
money to participate in it. 

536
00:28:19,000 --> 00:28:23,500
Bitcoin is also disinflationary 
and has a fixed terminal Supply.

537
00:28:23,700 --> 00:28:27,500
Hex is none of that. 
And anyone can clone Own it with

538
00:28:27,500 --> 00:28:32,200
a few Mouse clicks, for 
instance, see, rex on the, by 

539
00:28:32,200 --> 00:28:35,600
Nance smart chain. 
So what does hex do? 

540
00:28:36,000 --> 00:28:38,000
It spawns. 
More hacks. 

541
00:28:39,400 --> 00:28:41,100
Which is true, that's literally 
what it does. 

542
00:28:41,300 --> 00:28:44,500
So in summary, the biggest 
problem with hex is that the 

543
00:28:44,500 --> 00:28:47,300
interest is being paid, but the 
token doesn't generate any 

544
00:28:47,300 --> 00:28:50,100
actual Revenue. 
So the only place money can come

545
00:28:50,100 --> 00:28:54,100
from is other investors, that's 
a Ponzi scheme, no matter how 

546
00:28:54,100 --> 00:28:58,100
much spin you put on it. 
And man, there is definitely a 

547
00:28:58,100 --> 00:29:00,000
lot of spin on this. 
We just went through it. 

548
00:29:00,500 --> 00:29:03,900
Hex is going to need to bring in
an average of five to six 

549
00:29:03,900 --> 00:29:08,700
billion in capital each year to 
keep the token price level. 

550
00:29:09,200 --> 00:29:14,100
Today's price, the only rebuttal
from hex Schiller's about why 

551
00:29:14,100 --> 00:29:17,300
hex isn't a scam seems to be 
because their account balance 

552
00:29:17,300 --> 00:29:20,300
has gone up since they bought 
in, and don't get me wrong. 

553
00:29:20,300 --> 00:29:23,900
This is usually the argument 
from most shit coiners, they 

554
00:29:23,900 --> 00:29:26,500
always just point to the number,
the u.s. devalue or whatever 

555
00:29:26,500 --> 00:29:27,800
live. 
The local currency is they say, 

556
00:29:27,800 --> 00:29:29,600
see, it's not a scam, I made 
money. 

557
00:29:29,600 --> 00:29:32,100
People also thought that they 
were getting rich with bit 

558
00:29:32,100 --> 00:29:36,200
connect which peaked at set at 
number 7, and still trades and 

559
00:29:36,200 --> 00:29:39,000
Bernie Madoff. 
But only those that sold before.

560
00:29:39,100 --> 00:29:43,100
For the bottom fell out, 
actually made any real money. 

561
00:29:43,200 --> 00:29:49,200
So my friend, this is the entire
hex the entire hex scam in a 

562
00:29:49,208 --> 00:29:52,700
nutshell. 
Now look, as I said that lot, 

563
00:29:52,700 --> 00:29:56,800
that article is much longer than
what I summarized, okay, I tried

564
00:29:56,800 --> 00:29:59,400
to put together all the points 
that I could, but you can 

565
00:29:59,400 --> 00:30:03,000
clearly see here. 
This is no different than any 

566
00:30:03,000 --> 00:30:05,500
other shit coiner creating a 
shit coin. 

567
00:30:05,600 --> 00:30:09,500
We've shown you in past episodes
it costs, as little as Dollars 

568
00:30:09,500 --> 00:30:11,900
to Mentor shit coin. 
And then, all you got to do is 

569
00:30:11,900 --> 00:30:15,500
spend some money for advertising
and and pay a couple of 

570
00:30:16,000 --> 00:30:18,100
influencer accounts to pump your
bags. 

571
00:30:18,500 --> 00:30:23,400
So guys I know I know that the 
unit bias is I know that the 

572
00:30:23,400 --> 00:30:25,900
unit bias is alluring. 
I know that the Hopi. 

573
00:30:25,900 --> 00:30:30,300
Mm is alluring, I know that the 
numbers are alluring, but that's

574
00:30:30,300 --> 00:30:32,400
all it is. 
It's just a pipe dream. 

575
00:30:33,100 --> 00:30:34,900
He's the only one getting 
loaded. 

576
00:30:36,400 --> 00:30:38,700
Nico. 
Sorry, I made you sit through 

577
00:30:38,700 --> 00:30:41,700
all that bud. 
No, no, man, we got asked. 

578
00:30:42,200 --> 00:30:43,800
Yeah. 
Give the plebs what they want, 

579
00:30:43,800 --> 00:30:46,300
dude. 
So look what I was reading that.

580
00:30:46,300 --> 00:30:50,200
I think that this whole hex 
shabak, oh, I think is, is 

581
00:30:50,200 --> 00:30:53,400
highlighting. 
Essentially the problem that all

582
00:30:53,400 --> 00:30:56,600
currencies have had including 
Fiat currencies, right? 

583
00:30:56,800 --> 00:31:01,300
Which is the people that control
the monetary policy of those of 

584
00:31:01,300 --> 00:31:05,800
those currencies. 
If the incentive to manipulate 

585
00:31:05,800 --> 00:31:09,800
the Monetary policy for their 
benefit is irresistible, right? 

586
00:31:09,800 --> 00:31:14,400
And I think that with this it 
really highlights like you know 

587
00:31:14,400 --> 00:31:18,600
you think aetherium is bad. 
This is like this is essentially

588
00:31:18,600 --> 00:31:22,900
an example in my opinion of what
happens when you don't 

589
00:31:22,900 --> 00:31:26,900
successfully separate the 
monetary policy away from human 

590
00:31:26,900 --> 00:31:29,600
beings, right? 
And there you have essentially a

591
00:31:29,600 --> 00:31:31,600
god-king, right essentially, 
that's what it is. 

592
00:31:31,600 --> 00:31:35,800
That's out what Alex sees 
himself to write essentially. 

593
00:31:35,900 --> 00:31:39,100
By manipulating the money right,
you know, completely 

594
00:31:39,100 --> 00:31:42,200
shamelessly, I might add to his 
Advantage, right? 

595
00:31:43,100 --> 00:31:44,900
Etherium does the same thing, 
right? 

596
00:31:44,900 --> 00:31:47,900
They're going to manipulate 
aetherium to benefit the 

597
00:31:47,900 --> 00:31:51,700
etherium foundation. 
Right now what makes Bitcoin 

598
00:31:51,700 --> 00:31:55,000
different at the end of the day,
all of these coins, all these 

599
00:31:55,000 --> 00:31:57,700
shit coins, the crew, the 
original creators still 

600
00:31:57,700 --> 00:32:00,400
involved, right? 
There's a head honcho with, with

601
00:32:00,400 --> 00:32:03,600
Bitcoin, one of the best things 
that Beck Bitcoin or Satoshi 

602
00:32:03,600 --> 00:32:07,400
Nakamoto did was disappear. 
He Away, right? 

603
00:32:07,400 --> 00:32:11,000
And in fact the Genesis the 
Genesis block right, the keys to

604
00:32:11,000 --> 00:32:13,200
that Bitcoin. 
They can't even that even if 

605
00:32:13,200 --> 00:32:16,700
they have the keys, you can't 
spend from that address, right? 

606
00:32:16,800 --> 00:32:20,000
And again this is by Design, 
right? 

607
00:32:20,200 --> 00:32:24,200
It's to successfully separate 
the monetary policy away from 

608
00:32:24,200 --> 00:32:27,900
the hands of human beings so 
that it doesn't get manipulated 

609
00:32:28,000 --> 00:32:32,900
to benefit an elite Group, which
is what you have in Fiat, which 

610
00:32:32,900 --> 00:32:35,600
is what you have in shit coins. 
And I think this is the most 

611
00:32:36,200 --> 00:32:39,400
Exaggerated example, which I 
think is such a good example 

612
00:32:39,400 --> 00:32:42,900
because I think that deep down 
inside all the shit coin devs, 

613
00:32:43,300 --> 00:32:46,900
they might not be as extreme. 
They might not be as blatant as 

614
00:32:46,900 --> 00:32:49,500
this guy, right? 
But they still do it. 

615
00:32:49,500 --> 00:32:51,700
I think it's natural. 
It's a natural human being 

616
00:32:51,700 --> 00:32:53,800
incentive. 
That's what you got in the Fiat 

617
00:32:53,800 --> 00:32:56,200
system, right? 
As I think that a lot of these 

618
00:32:56,300 --> 00:32:59,400
Central Bankers right thinking, 
it's like, oh, I'm going to, I'm

619
00:32:59,400 --> 00:33:01,800
going to do what's best for the 
monetary policy. 

620
00:33:01,800 --> 00:33:04,700
But in reality, what's best for 
the monetary policy is really 

621
00:33:04,700 --> 00:33:07,700
what's best for them. 
And everybody gets left out to 

622
00:33:07,700 --> 00:33:10,200
dry. 
And I think this example with 

623
00:33:10,200 --> 00:33:14,800
hex is just that exaggerated to 
like a hundredth degree, right? 

624
00:33:15,000 --> 00:33:17,700
So the Innovation with Bitcoin, 
I'm Gonna Leave You guys with 

625
00:33:17,700 --> 00:33:20,100
this. 
Is the fact that human beings 

626
00:33:20,100 --> 00:33:22,700
aren't able to manipulate the 
monetary policy. 

627
00:33:23,000 --> 00:33:26,700
The monetary policy is set in 
stone at roughly every four 

628
00:33:26,700 --> 00:33:29,600
years. 
The the supply get sir, the 

629
00:33:29,600 --> 00:33:33,000
amount of Bitcoin being dumped 
right on the market gets cut in 

630
00:33:33,000 --> 00:33:37,300
half by the happy, right? 
So yeah, man. 

631
00:33:37,300 --> 00:33:39,300
It's absolutely beautiful. 
It's a feature. 

632
00:33:39,300 --> 00:33:43,500
Not a bug and don't let anybody 
tell you otherwise, because when

633
00:33:43,500 --> 00:33:45,900
someone is advocating for a 
central bank, digital currency 

634
00:33:45,900 --> 00:33:49,000
when someone's advocating for a 
shit coin, with the really 

635
00:33:49,000 --> 00:33:52,800
advocating for, is the money 
that is controlled by an elite 

636
00:33:52,800 --> 00:33:55,400
group. 
And that Elite group is going to

637
00:33:55,400 --> 00:33:57,600
manipulate that money for their 
advantage. 

638
00:33:57,600 --> 00:34:02,000
Only Bitcoin has been able to 
successfully solve this problem 

639
00:34:02,200 --> 00:34:06,300
because of Bitcoins virgin birth
when Bitcoin twin Satoshi Rated 

640
00:34:06,300 --> 00:34:08,699
Bitcoin. 
He had no idea that it was going

641
00:34:08,699 --> 00:34:12,699
to have value every single shit 
coin that came after the fact, 

642
00:34:12,699 --> 00:34:16,600
the Creator knew from the very 
beginning that that shit coin 

643
00:34:16,600 --> 00:34:19,800
was going to have value. 
Therefore, it was corrupted 

644
00:34:19,800 --> 00:34:23,800
right from the root of it. 
So so yeah, very, very cool 

645
00:34:23,800 --> 00:34:25,800
stuff. 
But anyways, Phil, it's time for

646
00:34:25,800 --> 00:34:28,699
the daily mean, review brought 
to you by Citadel, 21 is the 

647
00:34:28,699 --> 00:34:32,600
best Bitcoin cultural zeenat's 
stories articles Comics, by 

648
00:34:32,600 --> 00:34:36,300
actual bitcoiners. 
Every every print, Or every 

649
00:34:36,300 --> 00:34:40,100
volume is different artwork. 
It's all by bitcoiners as really

650
00:34:40,100 --> 00:34:42,900
cool details is volume. 10, it 
just came out. 

651
00:34:43,000 --> 00:34:47,100
There's only 1000 copies made 
per volume, get your print of 

652
00:34:47,100 --> 00:34:49,699
Citadel 21 today. 
All right, first meme is brought

653
00:34:49,699 --> 00:34:54,100
To Us by fellow pleb and his 
retweeting, Jason Lolly and he's

654
00:34:54,100 --> 00:34:57,000
retweeting a stork sweet by the 
Ukraine. 

655
00:34:57,000 --> 00:34:58,100
I'll get to that during the 
news. 

656
00:34:58,100 --> 00:35:01,900
But anyways, Outlaw Bitcoin 
because Russia support Bitcoin 

657
00:35:01,900 --> 00:35:04,800
because of Ukraine and the guy 
is totally confused. 

658
00:35:04,800 --> 00:35:06,100
I love that me. 
Temp. 

659
00:35:06,100 --> 00:35:10,700
Next memes brought To Us by 
mikah, me Taquito huddle 

660
00:35:10,700 --> 00:35:13,400
definitely fellow plebe 
bitcoiners after being declared 

661
00:35:13,400 --> 00:35:17,200
terrorists in Canada and you 
know the you know, the famous 

662
00:35:17,200 --> 00:35:19,800
picture from Iwo Jima, the 
Marines waving the American 

663
00:35:19,800 --> 00:35:22,300
flag. 
This was you know, when Afghan 

664
00:35:22,400 --> 00:35:25,700
essentially was retook by the 
Taliban to kind of mock the 

665
00:35:25,700 --> 00:35:29,700
Americans. 
They arose a Taliban flag but 

666
00:35:29,700 --> 00:35:31,300
it's just, it's absolutely 
hilarious. 

667
00:35:31,300 --> 00:35:34,100
You know, that the Canadian 
government is making those 

668
00:35:34,100 --> 00:35:35,600
connections. 
Anyways it's not hell. 

669
00:35:35,800 --> 00:35:37,400
Larry. 
It's hilarious during a fourth 

670
00:35:37,400 --> 00:35:38,000
turning. 
Okay. 

671
00:35:38,000 --> 00:35:41,500
You have to lie either. 
Either treat life like a comedy 

672
00:35:41,500 --> 00:35:43,500
or a tragedy. 
Okay, I'm the comedy type of 

673
00:35:43,500 --> 00:35:44,200
guy. 
Okay. 

674
00:35:44,200 --> 00:35:48,500
Anyways, glass-half-full also on
carbon taxes for the pores and 

675
00:35:48,500 --> 00:35:51,100
we told the peasants that the 
tax was for climate change and 

676
00:35:51,100 --> 00:35:53,400
then we Exempted private jet. 
It's so true, dude. 

677
00:35:53,400 --> 00:35:56,700
They virtue signal about, you 
know, the climate, whatever. 

678
00:35:56,700 --> 00:35:59,300
And then they take a bunch of 
motorcades and private jets to 

679
00:35:59,300 --> 00:36:01,500
these climate things. 
It's such a joke because they're

680
00:36:01,500 --> 00:36:04,400
scumbags, and I agree. 
It's like rules for the where 

681
00:36:04,400 --> 00:36:07,300
the elites, we don't have to But
you guys do, okay? 

682
00:36:07,300 --> 00:36:09,100
Anyways, don't worry, you won't 
own anything. 

683
00:36:09,100 --> 00:36:13,000
Be happy anyways for nobody, 
nobody truly knows who created 

684
00:36:13,000 --> 00:36:14,300
bitcoin. 
It creates a tremendous 

685
00:36:14,300 --> 00:36:18,300
liability for any Financial firm
or CEO pushing it if you pay 

686
00:36:18,300 --> 00:36:19,700
attention. 
What I said at the end of the 

687
00:36:19,700 --> 00:36:21,300
Durley fail, you would 
understand why? 

688
00:36:21,300 --> 00:36:24,000
That is the biggest crock of dog
shit. 

689
00:36:24,500 --> 00:36:28,500
They have fiduciary duties. 
If they actually do, do know who

690
00:36:28,500 --> 00:36:31,100
created bitcoin, it would be the
biggest Financial scandal in 

691
00:36:31,100 --> 00:36:33,700
history. 
Look, let me give you an 

692
00:36:33,708 --> 00:36:37,500
analogy, okay? 
Jerome, Powell. 

693
00:36:37,900 --> 00:36:41,600
And Richard and Richard Hart, is
that his name, Phil, yeah, have 

694
00:36:41,600 --> 00:36:45,200
the same function. 
They do the same thing, right, 

695
00:36:45,400 --> 00:36:48,900
Richard Jerome, Powell, because 
he has a much bigger currency as

696
00:36:48,900 --> 00:36:51,500
usual, or it has a lot more 
responsibility, but they are 

697
00:36:51,500 --> 00:36:55,800
still manipulating the monetary 
policy for their bent. 

698
00:36:55,800 --> 00:36:58,200
Remember, when the news came out
and they had to change the rules

699
00:36:58,200 --> 00:37:00,800
that, that a lot of there was 
some fed people that were 

700
00:37:00,800 --> 00:37:03,000
insider trading to their 
benefit. 

701
00:37:03,000 --> 00:37:06,600
This is what I'm talking about. 
They knew Money was going to be 

702
00:37:06,600 --> 00:37:10,300
printed and they bought the 
certain equities that they knew 

703
00:37:10,400 --> 00:37:12,800
that the the Fed was going to 
inject with cash. 

704
00:37:13,300 --> 00:37:16,000
It's the same thing that Richard
Hart is doing. 

705
00:37:16,000 --> 00:37:19,700
Now are all these people bad. 
I would say, no, they're just 

706
00:37:19,700 --> 00:37:24,000
following their own incentives, 
Bitcoin, essentially figured out

707
00:37:24,100 --> 00:37:27,800
how to make, how to make create 
a money where everybody falling,

708
00:37:27,800 --> 00:37:31,900
their incentives makes the money
better and stronger. 

709
00:37:31,900 --> 00:37:35,000
So everybody wins. 
We're in those shit coins, 

710
00:37:35,000 --> 00:37:38,100
including the dollar these 
people by following their their 

711
00:37:38,100 --> 00:37:40,500
incentives. 
They're hurting other people. 

712
00:37:40,500 --> 00:37:43,200
In fact, they're literally 
stealing from them. 

713
00:37:43,900 --> 00:37:46,600
The article, the article that 
you read fill it said, 

714
00:37:46,600 --> 00:37:49,900
redistribution right. 
Fiat does the same thing. 

715
00:37:49,900 --> 00:37:55,100
It's a redistribution gig from 
the lower middle class to the 1%

716
00:37:55,100 --> 00:37:58,100
and the state. 
It's the same scheme, it's just 

717
00:37:58,100 --> 00:38:01,000
dressed in different colors. 
One is hex ones the dollar but 

718
00:38:01,000 --> 00:38:03,500
it's the same thing 
fundamentally anyways. 

719
00:38:03,600 --> 00:38:05,600
I know a lot of people are going
to disagree with me, guess. 

720
00:38:05,800 --> 00:38:08,600
With me in the comments anyways.
And then there was you. 

721
00:38:09,300 --> 00:38:12,200
Nobody knows who created the 
wheel using it, with create 

722
00:38:12,200 --> 00:38:13,700
tremendous liability for 
companies. 

723
00:38:13,900 --> 00:38:16,400
Nobody knows who invented shoes 
using them would create and 

724
00:38:16,400 --> 00:38:19,500
tremendous liability for Nike. 
Nobody knows who created 

725
00:38:19,500 --> 00:38:22,000
agriculture using it would 
create tremendous liability for 

726
00:38:22,000 --> 00:38:24,500
Monsanto and then this is total 
con face. 

727
00:38:24,700 --> 00:38:27,600
Absolutely, awesome. 
From Greg, this is the next one 

728
00:38:27,600 --> 00:38:30,400
from rally. 
What you could buy for one 

729
00:38:30,400 --> 00:38:35,300
Bitcoin 2011, one Bitcoin in 
2011 Burger, some apples bread 

730
00:38:35,300 --> 00:38:37,500
loaf? 
Bunch of potatoes, one Bitcoin 

731
00:38:37,500 --> 00:38:41,400
in 2020, Tesla Sport, boat 
luxury diamond necklace. 

732
00:38:41,400 --> 00:38:45,000
Absolutely awesome. 
And Seth Meister, last one for 

733
00:38:45,000 --> 00:38:49,000
me, Maxie Bitcoin plebs, infant 
QE tyranny, hyperinflation, 

734
00:38:49,000 --> 00:38:53,500
cbc's spot on, Awesome Blossom, 
memes, pick today. 

735
00:38:54,300 --> 00:38:57,800
And for those memes, Phil, I'm 
going to give it a box, you open

736
00:38:57,800 --> 00:39:05,300
the box and you have the F5 key.
Focus, there we go. 

737
00:39:05,400 --> 00:39:07,000
What are you going to get rid of
box? 

738
00:39:07,200 --> 00:39:09,900
I love the F5 key. 
I'm a big fan of F5. 

739
00:39:10,200 --> 00:39:14,500
F5 does a lot of good things? 
Big fan. 

740
00:39:14,500 --> 00:39:18,800
Okay, that was a good score. 
I don't think I'm gonna be able 

741
00:39:18,800 --> 00:39:21,700
to top it but I've got 
something. 

742
00:39:22,800 --> 00:39:25,400
I don't think they make these 
anymore but here we go. 

743
00:39:26,000 --> 00:39:29,100
It is they're not mint anymore 
but still they're in pretty good

744
00:39:29,100 --> 00:39:32,400
condition. 
These are Macbeth Macbeth skate 

745
00:39:32,400 --> 00:39:34,900
shoes. 
That's right, very cool. 

746
00:39:35,100 --> 00:39:36,700
All right, let's write very 
rare. 

747
00:39:37,100 --> 00:39:39,300
Good school. 
Good scores anyways guys we want

748
00:39:39,300 --> 00:39:41,100
to know. 
Do you agree with our scores, 

749
00:39:41,100 --> 00:39:43,600
you disagree? 
Let us know down in the comment 

750
00:39:43,600 --> 00:39:44,900
section. 
Make sure to join our telegram 

751
00:39:44,900 --> 00:39:46,400
group linked us, some tank tank 
tank. 

752
00:39:46,400 --> 00:39:49,600
Bitcoin means to review and of 
course, subscribe to us on 

753
00:39:49,600 --> 00:39:53,000
alternative video platforms like
Rumble.com and our Favorite 

754
00:39:53,000 --> 00:39:55,300
Bitcoin tv.com. 
They don't censor their because 

755
00:39:55,300 --> 00:39:58,900
it's Bitcoin TV but anyways Phil
it's time for the Daily News 

756
00:39:58,900 --> 00:40:02,500
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757
00:40:02,500 --> 00:40:06,900
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758
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You put your favorite Hardware 

759
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760
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761
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762
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size of the big boy, grenade and
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763
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You can take advantage of the 
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764
00:40:23,100 --> 00:40:25,500
off anything on the store, 
crypto cloaks.com. 

765
00:40:25,500 --> 00:40:29,600
So you're starting to see a 
pattern here and social media 

766
00:40:29,600 --> 00:40:31,500
really highlights this. 
Right? 

767
00:40:31,600 --> 00:40:34,900
Every time something goes to 
shit whether that was in the 

768
00:40:34,900 --> 00:40:38,400
Ukraine or whether that's in the
country who's invading the 

769
00:40:38,400 --> 00:40:42,400
Ukraine, Russia people. 
As of reaction, one of the first

770
00:40:42,400 --> 00:40:47,000
things that they do is pull the 
money from ATMs. Now, here's the

771
00:40:47,000 --> 00:40:48,400
thing, why are we talking about 
this? 

772
00:40:48,400 --> 00:40:50,900
Why do we talk about shit coins?
Why do we talk about at all 

773
00:40:50,900 --> 00:40:55,000
these things on this show? 
Highlight that Bitcoin fixes all

774
00:40:55,000 --> 00:40:57,900
of this. 
Anyways, Bitcoin fixes this 

775
00:40:57,900 --> 00:41:01,200
completely you don't have to 
rely on someone else, holding 

776
00:41:01,200 --> 00:41:03,700
your money. 
We have already heard inspiring,

777
00:41:03,700 --> 00:41:07,500
stories of people fleeing the 
Ukraine, they can't take their 

778
00:41:07,500 --> 00:41:09,800
debit cards, they can't access 
their bank accounts but you 

779
00:41:09,800 --> 00:41:12,200
know, what? 
They can use Bitcoin. 

780
00:41:12,500 --> 00:41:15,000
Anyways. 
Let's play some videos from the 

781
00:41:15,000 --> 00:41:18,800
scene. 
Absolutely Bonkers. 

782
00:41:18,800 --> 00:41:24,000
That's just one giant line for 
people to access the ATM's, 

783
00:41:24,000 --> 00:41:25,900
right? 
And here's another video, right?

784
00:41:25,900 --> 00:41:33,800
Well them come with guitarist. 
Now, I have a question for you 

785
00:41:33,800 --> 00:41:36,900
guys, because this reminds me of
a lot of pictures from the 1920s

786
00:41:36,900 --> 00:41:39,800
of the famous Bank runs, you 
know, right before the Great 

787
00:41:39,800 --> 00:41:43,100
Depression, right, do you think 
that ATM is going to have enough

788
00:41:43,100 --> 00:41:45,700
cash for those people? 
And here's the worst part, the 

789
00:41:45,700 --> 00:41:50,100
cash that there would Boeing is 
losing value to, it's a double 

790
00:41:50,100 --> 00:41:51,700
scam. 
Anyways. 

791
00:41:51,700 --> 00:41:53,700
So why are these Russians 
scared? 

792
00:41:53,700 --> 00:41:56,400
Well, a lot of things happened 
during the weekend. 

793
00:41:56,500 --> 00:41:58,900
Hold on, let me, let me, I'll 
get to that in a second. 

794
00:41:58,900 --> 00:42:02,800
Let me cover this first. 
So, first of all, this is a 

795
00:42:02,800 --> 00:42:05,500
historic moment, right? 
The historic moment. 

796
00:42:05,500 --> 00:42:09,500
Look, you have Bitcoin becoming 
legal tender in El Salvador, 

797
00:42:09,700 --> 00:42:12,700
last year. 
And that this is a nation state,

798
00:42:12,700 --> 00:42:16,600
a country, raising and Bitcoin 
and the shit coin, right? 

799
00:42:16,700 --> 00:42:21,000
So, essentially, raise money for
the war effort to defend Ukraine

800
00:42:21,000 --> 00:42:23,900
sovereignty from the invasion of
Russia. 

801
00:42:24,300 --> 00:42:28,400
Absolutely Bonkers. 
Now, here's the thing eith and 

802
00:42:28,400 --> 00:42:31,400
USD T, we know that usct has 
already censored certain 

803
00:42:31,400 --> 00:42:35,900
transactions, right? 
So e, right also right we've 

804
00:42:35,900 --> 00:42:38,800
covered this many times. 
The node network is sanch 

805
00:42:38,800 --> 00:42:41,900
centralized because it's so 
resource intensive most of them 

806
00:42:41,900 --> 00:42:46,500
run on AWS servers, right? 
So again theoretically they can 

807
00:42:46,500 --> 00:42:51,400
be Insert the most unsensible 
currency here is Bitcoin so and 

808
00:42:51,400 --> 00:42:54,500
I suspect as Bitcoin and shit 
coins continue to grow up in 

809
00:42:54,500 --> 00:42:58,800
value and they start to steal or
take away power from 

810
00:42:58,800 --> 00:43:00,800
governments. 
When more of this happens in 

811
00:43:00,800 --> 00:43:03,600
people wake up to the fact that 
the power that they have with 

812
00:43:03,600 --> 00:43:06,100
the technology current that 
currently exists, which is 

813
00:43:06,100 --> 00:43:08,300
Bitcoin. 
Governments are going to start 

814
00:43:08,300 --> 00:43:11,600
cracking down on the lowest 
hanging fruit, which are shit 

815
00:43:11,600 --> 00:43:14,400
coins because they are 
centralized, right? 

816
00:43:14,500 --> 00:43:18,300
So again, this is a temporary 
Thing as time goes on, you'll 

817
00:43:18,300 --> 00:43:21,500
start to see that it's mostly 
Bitcoin because one of Bitcoins 

818
00:43:21,500 --> 00:43:25,100
best features right? 
Is the fact that it's hard to 

819
00:43:25,100 --> 00:43:27,600
censor. 
Anyways, historic moment Phil 

820
00:43:27,600 --> 00:43:30,500
this is historic right? 
And this is a big middle finger 

821
00:43:30,600 --> 00:43:33,400
to all the banks and all the IMF
and all the government's that 

822
00:43:33,400 --> 00:43:35,400
are saying, hey, you need us to 
bail you out. 

823
00:43:35,400 --> 00:43:38,500
It's like they're you have 
people from all over the world 

824
00:43:38,800 --> 00:43:41,700
and is soon on Thomas way 
donating to the cause that they 

825
00:43:41,700 --> 00:43:45,200
want without having to deal with
any middleman, that's extremely 

826
00:43:45,300 --> 00:43:48,400
freaking powerful but of Just 
give it to the politicians, 

827
00:43:48,400 --> 00:43:51,900
always jumping on, always trying
to be the party pooper. 

828
00:43:52,100 --> 00:43:55,200
This is a Ukrainian politician 
saying I'm asking all major 

829
00:43:55,200 --> 00:43:58,300
crypto exchanges to block 
addresses of Russian users. 

830
00:43:58,500 --> 00:44:01,400
It's crucial to freeze, not only
the addresses, linked to Russian

831
00:44:01,400 --> 00:44:04,800
and Belarusian pulses. 
But also to sabotage ordinary 

832
00:44:04,800 --> 00:44:07,900
users. 
What the fuck is wrong with this

833
00:44:07,900 --> 00:44:10,100
guy? 
Like this is such Fiat 

834
00:44:10,100 --> 00:44:15,200
mentality, if you want to know 
why people, why Ukraine did this

835
00:44:15,500 --> 00:44:18,400
is because the fact that It 
can't be stopped by governments.

836
00:44:18,400 --> 00:44:23,600
The fact that it can't be 
censored, so he's shooting the 

837
00:44:23,600 --> 00:44:27,800
hand that fucking feeds him. 
He's shooting the technology 

838
00:44:28,000 --> 00:44:31,500
that fucking feeds him. 
Listen, I don't agree with 

839
00:44:31,500 --> 00:44:33,700
Russia. 
I don't agree with what Russia's

840
00:44:33,700 --> 00:44:37,200
doing but I don't think that the
u.s. government anybody has the 

841
00:44:37,200 --> 00:44:40,300
right to censor what Russia is 
doing. 

842
00:44:40,300 --> 00:44:43,000
Because a lot it's like you're 
going to censor the Russian 

843
00:44:43,000 --> 00:44:45,300
government but there's also 
going to be the collateral 

844
00:44:45,300 --> 00:44:49,600
damage of Names of Russian 
citizens that are also going to 

845
00:44:49,600 --> 00:44:54,000
be hurt by the sanctions. 
The same thing happens in Cuba, 

846
00:44:54,000 --> 00:44:57,900
the same thing happens in Iran. 
It's like you censor the 

847
00:44:57,900 --> 00:45:00,400
governments of Iran. 
You censor, the government of 

848
00:45:00,400 --> 00:45:03,000
Venezuela, you censor the 
governments of Cuba, but you 

849
00:45:03,000 --> 00:45:07,500
also starve and sensor Millions 
upon millions of people there. 

850
00:45:07,500 --> 00:45:10,300
We, we showed you, we talked 
about the F in the example in 

851
00:45:10,308 --> 00:45:14,400
Afghanistan, where essentially 
the US government cut 

852
00:45:14,400 --> 00:45:16,500
Afghanistan from the Legacy 
Financial system. 

853
00:45:16,700 --> 00:45:18,900
And people were literally 
Starving in Afghanistan. 

854
00:45:18,900 --> 00:45:24,100
You know, the only thing that 
worked Bitcoin and this is by 

855
00:45:24,100 --> 00:45:28,300
Design because as long as 
there's somebody in this goes 

856
00:45:28,300 --> 00:45:30,800
tie this in with what I was 
talking about during the fail, 

857
00:45:31,000 --> 00:45:34,100
as long as there's human beings 
that are able to manipulate the 

858
00:45:34,100 --> 00:45:38,600
money, they're gonna want to 
censor the party that they 

859
00:45:38,600 --> 00:45:42,600
politically disagree with. 
You got to take that power away 

860
00:45:42,600 --> 00:45:45,600
from people. 
So this is just it's hypocrisy 

861
00:45:45,600 --> 00:45:47,500
at its finest. 
It's only not only me saying, 

862
00:45:47,500 --> 00:45:51,500
this is also a lop, you never 
know when where why or how a 

863
00:45:51,500 --> 00:45:56,000
politician may call for your 
assets to be seized spot on and 

864
00:45:56,000 --> 00:45:59,800
this is the only isn't happening
to a Ukrainian politician asking

865
00:45:59,800 --> 00:46:03,000
to happen in Russia. 
This is also happened in Canada.

866
00:46:03,000 --> 00:46:07,400
Recently, your Canadians their 
accounts were frozen because 

867
00:46:07,400 --> 00:46:13,300
they date they supported Protest
and it was a retroactive meaning

868
00:46:13,400 --> 00:46:15,900
when they supported that 
processing wasn't even illegal. 

869
00:46:16,900 --> 00:46:19,800
This problem is going to keep 
happening. 

870
00:46:21,300 --> 00:46:24,600
And it's again, it goes by to a 
goes back to incentives. 

871
00:46:24,600 --> 00:46:27,400
As long as there's the 
incentive, as long as people has

872
00:46:27,400 --> 00:46:31,700
the power to be able to freeze 
their political opposition in 

873
00:46:31,700 --> 00:46:33,700
the Quest, for remaining in 
power. 

874
00:46:33,900 --> 00:46:36,200
People are going to take that 
option. 

875
00:46:36,400 --> 00:46:41,700
Bitcoin removes It Anyways. 
Moving on to the Big Daddy news 

876
00:46:41,700 --> 00:46:45,900
of today. 
This is right a YouTube and 

877
00:46:45,900 --> 00:46:49,700
certain Russian Banks from Swift
paralyzed assets of the Russian 

878
00:46:49,700 --> 00:46:54,200
Central Bank and Freeze all 
assets of oligarchs to see what 

879
00:46:54,200 --> 00:46:57,000
the head of the European Union. 
Has to say, we commit to 

880
00:46:57,000 --> 00:47:01,400
ensuring that a certain number 
of Russian banks are removed 

881
00:47:01,400 --> 00:47:05,800
from Swift. 
This will ensure that these 

882
00:47:05,800 --> 00:47:09,700
banks are disconnected from the 
International Financial system 

883
00:47:10,300 --> 00:47:12,900
and harm the ability to operate 
globally. 

884
00:47:14,300 --> 00:47:18,000
Swift is the world's dominant 
global interbank payment system 

885
00:47:18,600 --> 00:47:22,400
cutting Banks off. 
Will stop them from conducting 

886
00:47:22,400 --> 00:47:26,200
most of their financial 
transactions, worldwide, and 

887
00:47:26,200 --> 00:47:29,800
effectively block Russian 
exports and imports. 

888
00:47:30,700 --> 00:47:34,300
Okay, so the, I've talked about 
this concept, many times with 

889
00:47:34,300 --> 00:47:37,400
you, guys unintended 
consequences, okay? 

890
00:47:37,700 --> 00:47:42,000
You have a very powerful country
with the very high GDP, and 

891
00:47:42,000 --> 00:47:45,800
essentially, you have The Europe
and the United States. 

892
00:47:45,800 --> 00:47:49,300
Essentially saying this second, 
we paralyze the assets of 

893
00:47:49,300 --> 00:47:52,700
Russia's Central Bank, this will
freeze his transactions and it 

894
00:47:52,700 --> 00:47:56,100
will make it impossible for the 
central bank to liquidate its 

895
00:47:56,100 --> 00:47:57,800
assets. 
Okay, a couple things here, 

896
00:47:57,900 --> 00:48:00,200
okay? 
First of all, if they could 

897
00:48:00,200 --> 00:48:04,900
freeze Russia's assets, they 
could freeze anybody's assets, 

898
00:48:05,100 --> 00:48:08,500
which we just saw during the 
Canada protest. 

899
00:48:08,500 --> 00:48:12,400
So, how long until they disagree
with what your political 

900
00:48:12,400 --> 00:48:15,400
ideologies of your pillow too. 
Ideas and they freeze your 

901
00:48:15,400 --> 00:48:17,900
assets to and now a second 
thing. 

902
00:48:18,000 --> 00:48:24,100
Do you think that Russia is just
going to lay down and take it, 

903
00:48:24,600 --> 00:48:26,700
which is what I was talking 
about the unintended 

904
00:48:26,700 --> 00:48:30,300
consequence. 
If Russia is forced to look for 

905
00:48:30,300 --> 00:48:34,700
another solution, they will find
another solution. 

906
00:48:36,100 --> 00:48:39,700
And now here's the unfortunate 
part, which if you look at the 

907
00:48:39,708 --> 00:48:43,700
game theory, this might play in,
they have an alternative and 

908
00:48:43,700 --> 00:48:47,200
that alternative is Bitcoin. 
Now, if Russia uses Bitcoin, 

909
00:48:47,400 --> 00:48:52,400
that is a hell of a good, excuse
for Western governments to kill 

910
00:48:52,400 --> 00:48:56,200
that really nagging thing that 
nagging cancer that continues to

911
00:48:56,200 --> 00:48:59,500
grow. 
So I don't know how this is 

912
00:48:59,500 --> 00:49:01,800
gonna play out. 
But if you think Russia is just 

913
00:49:01,800 --> 00:49:06,100
going to sit down and take it 
and allow their economy to Be 

914
00:49:06,100 --> 00:49:10,400
hurt because of this, they're 
going to look for Solutions and 

915
00:49:10,400 --> 00:49:14,900
one of those Solutions might be 
the on the only unsensible money

916
00:49:14,900 --> 00:49:17,500
on the face of the planet, which
is Bitcoin. 

917
00:49:17,600 --> 00:49:21,700
And if that happens, that is 
ammunition to the central 

918
00:49:21,700 --> 00:49:25,100
Bankers that want to kill 
Bitcoin in the west. 

919
00:49:25,200 --> 00:49:29,100
So, let's see how this plays 
out, but it's fascinating, it's 

920
00:49:29,100 --> 00:49:32,600
fascinating because even with 
all of this happening, the 

921
00:49:32,600 --> 00:49:38,400
country that Russia invaded is 
using Bitcoin to raise funds. 

922
00:49:38,500 --> 00:49:41,600
Russia potentially might use 
Bitcoin. 

923
00:49:41,600 --> 00:49:47,000
Tus curtail the Swift Banning 
and El Salvador is using Bitcoin

924
00:49:47,100 --> 00:49:50,400
to save money and remittance 
fees abroad, and the Kingdom of 

925
00:49:50,400 --> 00:49:53,000
Tonga rumors, right? 
That they're going to make 

926
00:49:53,000 --> 00:49:55,600
Bitcoin legal tender to also 
save on remittances. 

927
00:49:56,900 --> 00:50:02,700
Next year in 2023. 
Bonkers, no politics, no, 

928
00:50:02,700 --> 00:50:08,600
nothing it just facilitates 
speech and transactions between 

929
00:50:08,600 --> 00:50:11,900
people on Earth without judging 
and being political. 

930
00:50:12,500 --> 00:50:15,200
I would like to live in that 
world because the internet works

931
00:50:15,200 --> 00:50:17,000
that way. 
Do you, do you open your phone? 

932
00:50:17,000 --> 00:50:19,500
This is what the world economic 
Forum would want to happen. 

933
00:50:19,500 --> 00:50:22,400
But do you open your phone and 
it's like, I'm gonna text fill 

934
00:50:22,400 --> 00:50:26,000
on Signal and signals like do 
you lean left or right? 

935
00:50:26,400 --> 00:50:28,200
So essentially that's what 
they're trying to do with money 

936
00:50:28,200 --> 00:50:30,900
bro. 
So And I'm not saying with 

937
00:50:30,900 --> 00:50:35,600
Russia's doing is okay, but I 
don't think anybody should have 

938
00:50:35,600 --> 00:50:37,900
the right to censor anybody 
speech. 

939
00:50:39,700 --> 00:50:43,300
I don't I don't think it's 
right, there's gonna be bad 

940
00:50:43,300 --> 00:50:45,400
people that use it. 
Just like, there's bad people 

941
00:50:45,400 --> 00:50:48,100
that breathe oxygen and there's 
going to be the good people that

942
00:50:48,100 --> 00:50:50,700
use it. 
Now, one last thing before I 

943
00:50:50,708 --> 00:50:55,700
shut the fuck up, Phil The 
benefits from an open monetary 

944
00:50:55,700 --> 00:51:02,700
Network completely outweigh the 
cons from a, from a kyc, 

945
00:51:02,700 --> 00:51:07,600
censored, monetary Network. 
How do I know that 50% of the 

946
00:51:07,600 --> 00:51:11,300
planet is on bankable? 
How do I also know that it took 

947
00:51:11,300 --> 00:51:15,500
less than two or three months 
for El Salvador to have more 

948
00:51:15,500 --> 00:51:18,800
Bitcoin wallets than traditional
banking wall? 

949
00:51:18,800 --> 00:51:21,700
A traditional bank accounts? 
Which tells me that the Legacy 

950
00:51:21,700 --> 00:51:26,700
system with all KY seat up, its 
ass has absolutely fucking 

951
00:51:26,700 --> 00:51:31,200
failed and this idea that you 
could buy Bitcoin and you could 

952
00:51:31,200 --> 00:51:32,900
spend it and you can send it to 
things. 

953
00:51:32,900 --> 00:51:36,200
Listen, you still live in 
meatspace, okay? 

954
00:51:36,300 --> 00:51:38,300
You still are going to buy 
things, you're still going to 

955
00:51:38,300 --> 00:51:40,400
buy properties. 
You're still going to buy items.

956
00:51:41,100 --> 00:51:45,700
Are you going to buy a property 
from R under laundered, Russian 

957
00:51:45,800 --> 00:51:48,400
Bitcoin? 
They're gonna catch that? 

958
00:51:48,400 --> 00:51:52,600
That's the whole point. 
I think the world would be much 

959
00:51:52,600 --> 00:51:56,000
better and it's not only me 
speculating and theorizing that 

960
00:51:56,000 --> 00:51:59,300
it has already proven it. 
The world would be much better 

961
00:51:59,400 --> 00:52:04,300
if human beings were allowed to 
transact freely in an open 

962
00:52:04,300 --> 00:52:06,800
monetary Network. 
They're going to make you try to

963
00:52:06,800 --> 00:52:09,000
believe that the world would 
burn down an evil. 

964
00:52:09,000 --> 00:52:12,000
With people would take over that
has yet to be seen. 

965
00:52:12,000 --> 00:52:14,600
We've done the research. 
We've had the evidence, we had 

966
00:52:14,600 --> 00:52:17,300
Ron Paul here. 
We've proved it to you or we've 

967
00:52:17,300 --> 00:52:21,400
made the case at least. 
So, anyways, Then be interesting

968
00:52:21,400 --> 00:52:24,200
to see how it plays out. 
Phil, I think I think you just 

969
00:52:24,200 --> 00:52:27,300
helped solidify the case for 
Bitcoin being the money of 

970
00:52:27,300 --> 00:52:30,100
enemies. 
I definitely think that that you

971
00:52:30,108 --> 00:52:33,200
did that now. 
Okay, let's go back to the, the 

972
00:52:33,400 --> 00:52:36,200
you don't have to show it but 
Ukraine, accepting donations 

973
00:52:36,200 --> 00:52:39,300
right for their war effort. 
So, look, I think that a 

974
00:52:39,308 --> 00:52:42,400
separate conversation as to 
whether people agree or disagree

975
00:52:42,400 --> 00:52:45,500
with that is, you know, is going
to be something, is going to be 

976
00:52:45,500 --> 00:52:50,300
something different because I, 
you know, I personally wouldn't 

977
00:52:50,400 --> 00:52:56,500
Donate to anybody's war effort. 
So to speak just because I, you 

978
00:52:56,500 --> 00:52:58,400
know, I think war is awful, 
right? 

979
00:52:58,400 --> 00:53:01,800
But that's the beauty of 
Bitcoin, right? 

980
00:53:01,800 --> 00:53:04,500
Like you see the fact that I 
don't have to donate it like 

981
00:53:04,500 --> 00:53:06,300
that that means my government, 
right? 

982
00:53:06,300 --> 00:53:08,500
They don't get to go and print a
whole bunch more Bitcoin and 

983
00:53:08,500 --> 00:53:10,600
then donate it to Ukraine, 
right? 

984
00:53:10,600 --> 00:53:13,100
The people that support Ukraine 
and decide that they want to 

985
00:53:13,108 --> 00:53:15,200
donate to them. 
Absolutely can. 

986
00:53:15,700 --> 00:53:18,700
Right? 
That's the beauty of Bitcoin and

987
00:53:18,700 --> 00:53:22,300
right there is one of the most 
Four cases of the money of 

988
00:53:22,300 --> 00:53:24,800
enemies. 
The other piece of this is 

989
00:53:25,200 --> 00:53:28,600
Swift, removing Russian Banks 
last week. 

990
00:53:28,600 --> 00:53:32,000
I said that that would be highly
unlikely or that that wouldn't 

991
00:53:32,000 --> 00:53:35,800
happen and I was completely 
wrong and I didn't realize I 

992
00:53:35,800 --> 00:53:38,800
just wasn't aware of 
essentially. 

993
00:53:40,300 --> 00:53:45,000
How could I say this? 
How badly the European Union has

994
00:53:45,000 --> 00:53:46,900
decided, they want to shoot 
themselves in the foot? 

995
00:53:46,900 --> 00:53:49,200
I do think that, that is 
shooting themselves in the foot.

996
00:53:49,200 --> 00:53:52,600
I don't think they Realize how 
dependent they are on Russia's 

997
00:53:52,600 --> 00:53:58,500
energy and I think that what 
Nico said is exactly exactly 

998
00:53:58,500 --> 00:54:01,400
right you want to cut them out 
of the transaction system. 

999
00:54:01,700 --> 00:54:04,900
Very well they are going to go 
find the path of least 

1000
00:54:04,900 --> 00:54:08,700
resistance and now here we go. 
This goes back to the point of 

1001
00:54:08,700 --> 00:54:10,600
Bitcoin being the money of 
enemies. 

1002
00:54:10,800 --> 00:54:15,900
You've got Ukraine asking for 
donations providing a Bitcoin 

1003
00:54:15,900 --> 00:54:20,300
address for donations in BTC and
you've got Russia, possibly be 

1004
00:54:20,500 --> 00:54:24,100
Having their arm Twisted into 
looking for another solution 

1005
00:54:24,100 --> 00:54:27,000
which BTC may be able to offer 
and as Nico pointed out, you've 

1006
00:54:27,000 --> 00:54:30,700
got El Salvador. 
So this is, this is hilarious. 

1007
00:54:31,600 --> 00:54:33,700
I honestly, we were talking 
about this kind of stuff. 

1008
00:54:33,700 --> 00:54:36,200
I remember hearing Pierre, 
Richard talked about these 

1009
00:54:36,300 --> 00:54:39,600
geopolitical events that would 
possibly play out when we were 

1010
00:54:39,600 --> 00:54:41,600
back in 2018. 
And I'm like, oh man, we're like

1011
00:54:41,600 --> 00:54:45,200
a decade away from that me to 
bro, we look at this angle. 

1012
00:54:45,700 --> 00:54:47,800
We were saying that we're like 
ah this is gonna happen, it's 

1013
00:54:47,800 --> 00:54:49,700
like everything is coming so 
soon. 

1014
00:54:51,000 --> 00:54:53,300
How did they do that? 
I mean I but again right this 

1015
00:54:53,300 --> 00:54:56,700
goes back to our ability to 
perceive you know, short-term 

1016
00:54:56,700 --> 00:55:00,000
events, and long-term events, 
you know, and incorrect about 

1017
00:55:00,000 --> 00:55:01,800
it. 
We're living through a time 

1018
00:55:02,000 --> 00:55:04,800
where decades are happening in 
years, right? 

1019
00:55:04,800 --> 00:55:07,200
Usually there's years and 
nothing happens, right? 

1020
00:55:07,200 --> 00:55:10,000
When there's a year that decades
are happening, we're living 

1021
00:55:10,000 --> 00:55:12,100
through it. 
But anyways to tie it up to end 

1022
00:55:12,100 --> 00:55:14,500
it with this. 
It's not just you it's not us 

1023
00:55:14,500 --> 00:55:18,900
speculating with our favorite 
Economist, Steve hanky who also 

1024
00:55:18,900 --> 00:55:22,200
hates Bitcoin the Right in front
of him, but he can't see it. 

1025
00:55:22,200 --> 00:55:25,000
Anyways, he says Phil why don't 
you do the honors? 

1026
00:55:26,000 --> 00:55:28,000
Here we go. 
I love reading Steve, hankies 

1027
00:55:28,000 --> 00:55:29,300
tweets. 
All right, let's do it 

1028
00:55:29,400 --> 00:55:31,100
weaponizing. 
The Swift International payment 

1029
00:55:31,100 --> 00:55:34,900
system might cut rush off. 
But risks eroding the dollar 

1030
00:55:34,900 --> 00:55:37,500
demonic denominated Global 
Financial system. 

1031
00:55:37,600 --> 00:55:40,400
Indeed, it will give rise to 
Alternative systems developed by

1032
00:55:40,400 --> 00:55:43,300
China and Russia. 
Just another example of why she 

1033
00:55:43,500 --> 00:55:50,600
sanctions are counterproductive 
unintended consequences and When

1034
00:55:50,600 --> 00:55:55,300
this comes from politicians, 
benefiting from the dollar being

1035
00:55:55,300 --> 00:55:58,600
the global Supremacy and 
essentially weaponizing the 

1036
00:55:58,600 --> 00:56:02,100
dollar and by weaponizing the 
dollar, you're essentially 

1037
00:56:02,100 --> 00:56:06,600
incentivizing other countries to
look for other options. 

1038
00:56:07,200 --> 00:56:10,600
But why do they think that the 
other commie option is the 

1039
00:56:10,600 --> 00:56:13,400
answer? 
Like, like it's actually I find 

1040
00:56:13,400 --> 00:56:17,700
it so strange, you know, like I 
said that it's because of their 

1041
00:56:17,700 --> 00:56:20,200
incentives, right? 
I think I treated, I too. 

1042
00:56:20,400 --> 00:56:23,500
This dude governments would 
rather remain in power than 

1043
00:56:23,500 --> 00:56:27,700
seeing their citizens flourish. 
It's all about power and a fiat 

1044
00:56:27,700 --> 00:56:31,000
currency that the citizen. 
This is the psychotic apart. 

1045
00:56:31,000 --> 00:56:34,100
They see themselves their Elites
bro. 

1046
00:56:34,100 --> 00:56:37,100
They don't see themselves as 
such but anyways, Phil awesome 

1047
00:56:37,100 --> 00:56:39,000
new segment it's time for. 
No, it's not. 

1048
00:56:39,000 --> 00:56:40,300
There is an open source off 
early today. 

1049
00:56:40,300 --> 00:56:43,200
We need to everybody about it 
software releases, brought to 

1050
00:56:43,200 --> 00:56:44,900
you by Cipher safe. 
Check them out. 

1051
00:56:44,900 --> 00:56:47,700
Cipher safe dot IO, it's the 
best place to store your 

1052
00:56:47,700 --> 00:56:50,200
Bitcoins seed store it in the 
cipher. 

1053
00:56:50,400 --> 00:56:54,900
We lure the all new Cipher grid 
comes complete with punch tool 

1054
00:56:54,900 --> 00:56:58,100
and tamper resistant wire. 
That's also fill resistant. 

1055
00:56:58,100 --> 00:57:02,600
All right guys, we've got 
Mercury wallet version 0.6 dot 

1056
00:57:02,600 --> 00:57:06,300
for that was released. 
You know the deal we release 

1057
00:57:06,300 --> 00:57:09,200
every odd, every episode in 
audio. 

1058
00:57:09,200 --> 00:57:13,700
Only don't forget to check us 
out on Apple, podcasts on 

1059
00:57:13,700 --> 00:57:16,600
Spotify and on anchor. 
Awesome. 

1060
00:57:16,600 --> 00:57:18,100
Thank you. 
Phil guys, if you liked our 

1061
00:57:18,100 --> 00:57:23,300
threads represent, Rep, 
hard.com, awesome hoodies. 

1062
00:57:23,300 --> 00:57:25,200
They got murder. 
They got shirts, they got 

1063
00:57:25,200 --> 00:57:27,800
sweatpants really cool stuff, 
and you can take advantage a 

1064
00:57:27,800 --> 00:57:31,600
link down below for 15% off 
anything on the store rep, 

1065
00:57:31,600 --> 00:57:33,700
hard.com. 
Anyways, guys, that was our show

1066
00:57:33,700 --> 00:57:37,400
if you enjoyed the show Smith 
and of course if you wanna 

1067
00:57:37,400 --> 00:57:39,800
continue hearing the 
catastrophic fails from the 

1068
00:57:39,800 --> 00:57:42,800
shit, coiners Central Bankers, 
all the above and the bitcoin 

1069
00:57:42,800 --> 00:57:44,600
news from the plead pleb 
perspective. 

1070
00:57:44,600 --> 00:57:48,400
Definitely consider subscribing 
to Simply Bitcoin and we'll see 

1071
00:57:48,408 --> 00:57:50,600
you tomorrow guys. 
For brand new episode are War 

1072
00:57:50,600 --> 00:57:54,100
efforts really being financed by
Bitcoin. 

1073
00:57:54,200 --> 00:57:56,400
Are we really at that point in 
the timeline?