Yo welcome to another episode of Simply Bitcoin live.
Your number one, source for the peaceful Bitcoin, evolution of
cover breaking news culture. Matter of warfare, we will be
your guide through the separation of money and state
boy. Oh boy this banking collapse.
Domino seems to keep going another bank today.
It seems like they froze the training in this one, but I
mean, domino effect. So the name of the bank is
called Pac, West Bank Corp, but that's not that.
I feel like that's normal. Noise, it's terrible to say that
it's definitely not noise. It's going to hurt a lot of
people. This continues if this gets out
of control, but the signal is, I think that we finally have
broken the Bitcoin, Echo, chamber, predominant,
podcasters, the one that we're going to talk about today is Tim
Poole said the quiet part out loud on his show and the reason
it's so significant. The reason I want to highlight
it today is because of the amount of views.
The amount of The the the size of platform that Tim has and the
fact that he's saying these things, the fact that he's
mentioning Bitcoin by name the fact that he's calling into
question, the very legitimacy of the US dollar and giving an
alternative, I think is, I think, is the point to highlight
so pretty, pretty crazy. So as this continues, as this
clown show continues as this house of Of cards continues to
collapse and you know the the actions by the US government to
try to, you know, to take out the fire.
I'm just happy personally and I hope that you guys are on this
boat with me that were on the the Lifeboat.
We're on the orange Lifeboat. We're on we're on a Bitcoin
standard, right? We know that our wealth can't be
confiscated. It can't be debased no matter
what, what things that they try to do.
Do and I find a lot of Peace in that Opti and and wine have a
word for this is called Bitcoins n.
So, you know, while the world around me is imploding or
exploding, my wealth is in Bitcoin and I hope you guys join
me on the, the orange Lifeboat. Anyways, before we start the
show when a bring up my very special co-host.
Always optimistic, how you doing Opti?
Doing good bro. I mean you summed it up best
like I've been saying for weeks now.
I can't imagine not being a big corner at this moment in time
and I can only imagine what it feels like to be one of these
normies or one of these average people out here that don't
understand that Bitcoin is the the Lifeboat out there and just
to you know I said it yesterday it seems like a lot of people
aren't awake but if you are awake and you don't understand
that Bitcoin is the solution to this opting out of the Madness.
I could only imagine what you're feeling and I am sure it is the
opposite of what I'm feeling here because that's all of us.
Bitcoin has no or just sitting here with popcorn watching the
fireworks like man that really sucks.
I mean Nika you kind of said it in the before we went live I was
like man it's almost it's almost incredible watching all this
stuff happen and you're like really though like is it is it
really though? Like we knew this was gonna
happen and it is happening. I think the incredible part is
just how fast things are happening and I know that This
is kind of a topic that we're going to, we're going to touch
on today in the culture. With with our guests, the Mike
Hobart. So let's bring him in here
because we're going to talk about his recent, his recent
two-part series on our sub stack and part of it was based on the
idea of communication just how fast information is flowing in
the world right now. So what's up Mike how you doing
this morning? What's up guys?
I'm actually getting caught up on the news with with Nico this
morning, I haven't really been able to keep up on everything.
Think the last few weeks it looks like things are getting.
I'm pretty spicy. But does it really matter if
you're just staying humble stacking SATs, like to sit like
find like it does matter if I, that's a terrible thing to say,
a very selfish thing to say, I apologize.
But like, if you're on a Bitcoin standard seriously, you don't
have to worry about this. Like, even if you're in
Argentina or you're in a country, that is dealing with
crazy crazy inflation. If you're living on a Bitcoin
standard, you're not at fear of this stuff.
Maybe you can make the argument that you do have to deal with
the cycles and the Cycles are brutal, right.
But I think over a long period of time I think after you make
it past the first cycle you reach a level of Tranquility you
reach a level of Peace because you know you'll be all right.
Right? As long.
As long as you're staying solvent.
Yeah, absolutely. I totally agree.
Exactly. Exactly.
So, and I think that this idea of Bitcoin being salvation of
Bitcoin being this tool of which you escape, And I think is I
think it's finally reaching something that opting I have
been bringing up for for a while.
Now it's finally breaching into popular the the mainstream
Consciousness, right? And I think that this clip that
we're going to play You by Tim pool is you know, is an
indication of that, right? So usually what the political
podcast do is a their their their mechanism of trying to
This is get out to vote right or you know or you know or buy gold
or buy this. But now finally Bitcoin is being
touted as the solution to this and also credit and shout out to
Max and Stacey because they were the ones that went on Tim cast,
IRL and were whispering in Tim's year for years now, Tim buy
Bitcoin, buy Bitcoin. And as number go up, technology
continues to do its thing. It starts to become unavoidable
that little voice in your head is like, I Should have bought
Bitcoin. Okay, you know what, I'm gonna
buy Bitcoin, I'm gonna get on this train, right?
So I hope more popular mainstream Talking Heads.
Start to say this, it's unfortunate that Tucker got let
go, we don't really have any allies left in in corporate
Legacy mainstream media. But I think you can't, you can't
brush this under the rug. It's going to become
unavoidable. It's gonna become a thing that
you can't not say, you can't say that.
Wipeout, you can't avoid this topic, right?
You can't avoid this conversation.
It's so funny with Bhutan did though yesterday the kingdom of
Bhutan which we talked on yesterday's episode.
They just didn't say anything at all.
They're just like, fuck. The mainstream noise.
I don't want to mention this. Let's just keep it to ourselves,
that were mining a whole lot of Bitcoin and that we're stacking
Bitcoin. I don't want to deal with this
crazy, you know, propaganda arm, etc, etc.
Anyway 700, the underdog has to do that though, right?
Yeah, yeah. So anyway, anyways, everybody no
more delay, let's get to the numbers.
Let's do this. The Bitcoin members brought to
you by not all at this point, you should be running your own
Bitcoin note. If you don't use your own
Bitcoin node, you're trusting someone else's run your own
version of Bitcoin core. The lightning Network,
whirlpool, and Dojo all from the comfort of your own home.
And if your digital Nomad, you have absolutely no excuse
because now you can run a novel through a virtual private
server. Visit nottle, Dottie you today.
Hi guys, I want to tell you about the biggest Bitcoin
conference on the face of Of the earth.
Bitcoin 20:23, it's coming up in 17 days, Miami Beach, Florida,
May 18th through the 20th 2023 and we have a promo code for you
guys. You can use promo code simply to
get yourself a 10% discount on bitcoin 2023.
Let's go through some of the speaker list.
We have Michael Lewis, who is the author of The Big Short
Moneyball, both of which have been turned into feature films.
We have Michael sailor, we have Arthur Hays, we have Tulsi
gabbard, we have Alex gladstein, Eric Weinstein, Adam back.
Back molars Patrick McHenry, Stacy Herbert, Senator Cynthia
lummis, we have Lynn Alden and we have a member of government
from Indonesia. Very exciting for that talk,
specifically he's going to be having that talk.
I think it's a fireside chat with Samsung Mao, who dead?
He was dedicating his entire life right now at this moment,
to bitcoin nation-state adoption, right?
So very, very exciting stuff. Get your tickets.
Now, if you're looking to get a job in the industry, there's No
better place. You gotta go to bitcoin 20, 23
promo code simply at the time of recording.
The Bitcoin price is 20 8570. SATs per dollar. 3500 block
height 787 1968 reachable, Bitcoin node seventeen thousand
ninety six, blocks to having 50, 2032 having estimate April 22nd,
2024 total lightning network capacity, 5424 capacity value.
Million, u.s. dollars realized monetary inflation, 1.75 percent
and the market capitalization of Bitcoin 553 billion dollars with
a be in the grand scheme of things.
Bitcoin is still a tiny baby. Anyways, anyways, I want to read
you a I want to read you a an official statement by the US
government. This is a Reuters article and
this was after, you know, the base See the collapse and the
Takeover of First Republic Bank and more of a consolidation, we
talked about it on yesterday's episode of the bigger Banks,
eating the smaller banks in the bigger Banks, just keep eating
the smaller Banks, right? But one of the statements that
the treasury said is, the US Treasury Department is
encouraged at the First Republic Bank was resolved with the last
cost of Deposit Insurance Fund and believes.
The US banking system remains sound and resilience a treasury
spokes. Spokesperson said early Monday,
Okay, so that's what they said. Monday fast forward.
This is today past Pac West Bank Corp.
Another bank. Their their stock is falling
like a shit coin. God damn, it doesn't really
install a lot of confidence when they say this.
But again it does not matter if it's just bitcoiners saying this
within the Bitcoin Echo chamber, what needs to happen is that
this type of conversation needs to be broken out out of the
Bitcoin Echo chamber. And here is Corey posting a clip
from Tim pool and Tim pulls saying the quiet part out loud.
He's thinking what anyone with common sense is thinking.
I'm gonna play you guys a clip and then we'll talk about it.
You later seized First, Republic Bank, and struck a deal.
To sell the bulk of its operations to JPMorgan.
Chase & Co heading off a chaotic collapse, that threatened to
reignite. The recent banking crisis yet,
dude. You stuff the wad of toilet
paper in the whole. I don't think you're stopping
the waters. JP Morgan said it will assume
all of first Republic's 92 billion dollars in deposits.
Insured and uninsured. It is also buying most of the
bank's assets including about 173.
In dollars in loans and thirty billion dollars in Securities.
JP, Morgan's gonna blow up. What, how can you assume loans?
Bad, loans were bad Bank. They're trying to slow this
thing down. As part of the agreement, the
Federal Deposit Insurance Corp will share losses with JPMorgan
on First Republic. Sloan's you see, there they go.
The agency. Estimated that it's Insurance
Fund, would take a hit of Thirteen billion dollars in the
deal. JP Morgan also said it would
receive 50 billion dollars in financing from the heh.
GIC the US government is propping up this deal because
the system is imploding. I can't tell you what to do.
I'll tell you what I'm gonna do. I'ma buy Bitcoin.
I already got some, I've been buying some racing.
Hear that? Fuck this shit.
I'm gonna buy Bitcoin now. Why is this significant?
What is it? What is it?
What is the point of that, right?
So Tim Tim cast IRL has one of the most popular podcast right
now. These are views.
You have you have tens of thousands of people watching
this live and unlike Tucker that was working for the mainstream
corporate media apparatus. I won't even call it mainstream
anymore. Let's call it Legacy.
Is, you know, Tucker said this himself.
It's not Nico saying this is used to control the narrative,
the mainstream narrative, Tim has his own platform and if they
take them off YouTube, he's on Rumble.
Right? And if they take them off
Rumble, he's on Twitter, right? So again, you know, it's like a,
it's like a boat that's leaking, right?
You can only plug so many holes in.
And then, when you start saying the actual solution to the
political world, Rose. And the economic woes that
people are enduring and you stop.
Believing the guy in the suit on TV.
I'm talking about the you know, the Treach treasury secretary in
this case or the woman in the suit on TV and do you and you
start saying the solution? Then it becomes a problem, the
Think about it. Would you take them seriously at
this point? This is the same people that
told you there was going to be no inflation.
These are the same people without getting into any
specifics. These are the same people that
told you a bunch of narratives over the last three years.
How many of those were proven to be true and compare them to what
the hive mind of the internet has been saying I and it's clear
to me that the hive mind of the internet has been winning this,
the official narrative It's BS. And this is why they resort to
censorship. This is why they resort to try
to miss label their opponents misinformation you know hate
speeches and other one they like to use, right?
But again, because of the internet because of how much the
internet has empowered, the individual to speak directly to
people without going to these inner mirror.
Intermediaries that have clearly been captured.
It's going to be very difficult for.
The powers of be the establishment, the party of
green, like I say to control the narrative in to say, Hey, you
know, you have to use dollars because dollars are better.
Well look, Tim pool made that realization and take a look at
the numbers that he is getting on his show.
This is daily on a daily basis, three hundred and sixty three
hundred. Sixteen thousand three hundred.
Twenty six thousand three hundred fifty two thousand.
Three hundred fifty six thousand two hundred, And 30,000, right?
So man oh man this is this is what Opti and I have been
talking about this is what we've been screaming from the
rooftops, like like like crazy people, we are on the verge of
the Bitcoin Echo, chamber being broken and the ideas and Ethos
of Bitcoin starting to seep into the popular mainstream
Consciousness. And then that leads to the
inevitable. Next question, why are we being
forced to use money? That steals from us.
Why are we being forced to use money that steals from us?
Why is that why can't I use money that not only steals for
me, but actually increases in purchasing power over time.
And that's a question they're going to have to answer whether
they like it or not and I'm calling it right now within the
next four years. And it's gonna be a very
difficult question for them to answer and that is exactly why.
They are D platform people like Tucker, they're they're
resorting to censorship, they're resorting to saying labeling
stuff. Misinformation they're resorting
to saying that things are hate speech.
When is the next thing? When is the next thing?
Bitcoin is hate speech, about a pretty sure we've heard that
already, right? And you're seeing, you're seeing
the establishment and their propaganda arm already trying to
in full force. Remember we're Reuters said,
when, when Bitcoin, when Bitcoin was made legal tender in El
Salvador, remember what Roy Our said, when Argentina was given
that bailout and part of the bailout, one of the Clauses was,
hey, you have 2D incentivize the adoption of Bitcoin.
Well, their legitimacy. What they're saying is bullshit.
At this point, they're not reporters, they're not
journalists there propagandist and it's becoming very clear to
everybody. It's not just crazy bitcoiners
saying this it's the mainstream saying this, right?
It's people like Tucker people like Joe Rogan people like Tim
pool and unfortunately as much as we love our job as much as we
love to say what we say and talk to you guys, it's those
mainstream content creators. Those are the people that are
going to have the ability to really, really wake the masses
up because the masses are already watching them in the
first place, right. Bitcoin.
Right now is Niche Bitcoin right now.
It's in its little corner, but you're starting to see and you
heard it from Tim's mouth himself.
You're starting to see that break and also like mention the
Bitcoin conference as well. You have very predominant
mainstream figures going there as well.
You have Tulsi gabbard, you have Eric Weinstein, right?
Why are they going to a Bitcoin conference?
Right? You have to ask yourself that,
right? And the reason for this is
simple, everyone knows there's something wrong.
They feel it in their pockets. They see the political upheaval,
right? But they don't know.
They don't they don't know what the solution to this is the
solution. Lucien is Bitcoin all roads lead
to bitcoin, and it's happening before our eyes.
So hopefully, you know, you guys don't ignore what's going on.
Hopefully it should be a giant red flag.
You seeing what's going on and saying, okay?
You know what, maybe I should get some just in case it catches
on anyways. Opti.
What are your thoughts on all this, bro?
Well, going back to the Reuters article when when I saw that I
thought, when I saw the US Treasury come out And say, you
know like the banking system find all I heard was like trust
as bro. Everything is good, you know,
just standard social media talk. But I mean, little do most
people know that all banks are insolvent like by Design and if
they just all went to claim their deposits, they wouldn't
have their money there by Design.
And I just think this is back to the fundamental fundamental
misunderstanding, of most people.
When it comes to how complicated, the financial world
is how complicated Keynesian economics is, you know.
The banks that are insolvent by Design.
So like, this isn't just about the, the seven banks that have
are going down have gone down in the last 2 months.
This is all banks in general. And what's the saying like the
official denial is signal, that the opposite is happening.
So shout out to the US Treasury giving us what is actually
happening. Bye-bye via - Ava or whatever
the saying is, but as the universe is the US Treasury Jim
Cramer. Yeah, basically.
But I mean, hey, look say what you want about Temple.
Oh, I know he's not the most loved person on bitcoin Twitter,
but he's got a huge platform. And what have we been saying for
a long time? If you are not talking about
Bitcoin, if you are not pushing Bitcoin and self self custody on
your audience and you are a political talking head like you
are part of the problem. And at least he's coming around
to the idea of oh wow, this is what all the big Corners have
been talking about. This is why I should be holding.
Loading Bitcoin. Because again we said it a
couple times on the show a few previous weeks and I had the
conversation with the friend Marv class or two weeks ago and
if you look outside of your window and you don't have your
head stuck in the sand buried in the sand, it's never been more
obvious. Why we need Bitcoin?
It's as plain as day, if you are paying attention.
And so to see someone that is a political pundit, you know,
political talking, head to finally, start coming around to
the idea of what we've been talking about.
For a long time. I think this is bull.
Because I've been saying it for a minute and this is something,
this is the thread. We've been pulling on on the
show for a while is that Bitcoin Consciousness is crossing that
mainstream Consciousness right now, like the Rubicon of the
mainstream Consciousness going viral going public right now.
However, you want to say it, like, people are waking up to
the Bitcoin message and it's only a matter of time until
everyone wakes up to the Bitcoin message.
And again, if you aren't spreading Bitcoin, self custody
as a solution to most of the world problem, at least the
fundamental root of the world. L'm then you are a part of the
problem. So I'm glad that Temple is
coming around to it. It's only a matter of time until
he starts telling people to take Bitcoin into self custody.
And then once we do that, then we're really we're really Off to
the Races. What he's got one point four
million subscribers. What if 1.4 million of those
average people out there, start stacking Bitcoin?
Because the most important thing is getting Bitcoin into the
hands of everyday, people. Downloading the wallet using
Bitcoin, saving, and Bitcoin. This is how we fundamentally
What is happening right now is having people hold Bitcoin.
This is like the first thing that we need to do is just get
more. People aware to the idea that
often out of this madness is the solution saving and Bitcoin is
the way guys and hey you know it's only a matter of time until
Tim fully gets down the rabbit hole and started talking about
self custody and we're in front of this guy's like we're ahead
of this so just keep remembering that you are right guys.
Remember that. You are correct in your thesis
or do not. Only are you write your first?
Your first. This is the crazy part.
Is that your first remember like all these political shows like
they complain and they bitched and they this is like okay you
know, whether you're watching a liberal show or conservative
show it's like oh my God, the other side's freaking crazy but
they don't have Solutions like their solution is to vote,
right? We have a solution and that
solution is to is Bitcoin. Just opt out that is the vote,
the strongest vote you can make is taking your Bitcoin.
Bitcoin earning Bitcoin, mining Bitcoin.
And taking that said Bitcoin, and you take it into self
custody you properly, secure your seat phrase, that's it, you
are part of the peaceful Bitcoin Revolution.
Even if you even if you don't think you are, even if whatever,
you've taken your energy, your time your work out of out of
their grasp. And they've been using that
mechanism against us for a very, very long time.
Anyways, Mike, what's your take on this before, we move on to
the news. So I think I'll kind of lump in
my take on Tim pool and Tucker Carlson into the same thing.
I think the both of them both Tucker Carlson getting pushed
out and Tim pool coming to bitcoin basically.
At the same time is probably going to produce a power vacuum
because Tucker Carlson is we know.
Like when he was still on Boggs he had Max Keiser and Michael
sailor on his show, right? I think he had both of them.
And he liked that signaling basically through the Fox
network that he's already bullish on bitcoin.
Like he's interested, he's talking about it and then
pushing him out, is a bit of a signal to the rest of the world
that like something's going on that they don't like with
rather, whether it's all of what Tucker's been doing, or whatever
Tucker is going to pull a large portion of that user base and
that following with him wherever he decides to go.
Now, the other thing is we don't know if they're there is likely
a severance deal. Deal where he's not going to,
they're going to try and keep him from being able to do
something for however many months or years and they
probably paid him off. But the fact that Tucker
Carlson's events and Tim pool happening this closely together
and Tim pool, like, like Tim pool, didn't try to like hide
his emotions when he read that when he read that, that that
headline. And he's like, dude, like I'm
sorry for cursing. I don't know if you guys are
gonna get banned on YouTube where they was like, like Temple
was like Fuck this. Like this doesn't make any
sense, like what, why am I operating inside this closed
loop system? That's clearly failing.
And it would be like, it'd be like being on the Titanic seeing
and knowing that it's sinking early before anybody's on the
lifeboats and then looking at the lifeboats and going No, I
think I'm good. Like honestly like we think that
we think that that's going to work like so I don't know.
I I'm with you guys. I think I think and this gets
into like what why I've been writing what I've been writing
for simply is like, I think we are now.
We really are on the cusp of seeing a actual legitimate
second Renaissance for the broader world.
Not, not just the US, I think that there's going to be a lot
that comes out of the flood. Of the populace.
Realizing that Fiat, currencies are a failure in general all
throughout history and that there needs to be something new
and something new needs to be done as soon as possible to try
and like alleviate these problems.
Yeah, 100%, no. And I think you hit the nail on
the head or when you were talking about the Renaissance,
right? I think that once we get over
this hill, right, we are going to see a type of freedom of
Which the world has never been as never experienced before.
The sovereign individual thesis talks about this right
information Technologies are going to free individuals from
the nation-state in a way, right?
It's going to give you individual, the ability to pick
and choose to move to whatever jurisdiction.
They feel like is more favorable to them.
You already see this with a lot of expats moving to Dubai where
there's no income tax, right? Opti and I have been debating
back and Fourth. I'm like, on the fence of
whether I want to move to El Salvador.
Not like, I'm like very, very close.
So, you know, and again, it's because I know that because I
have my Bitcoin in self custody. I can go move freely to where
I'm treated best, right? And I think that is more and
more people come to this realization.
This realization that they can opt out of inflation entirely,
right? And they could not only vote
with their wallet but also their feet.
I It's going to make the world a much better place a much Freer
place. But again, the powers of be are
not just going to give over those keys and go gently into
that good night. You know, they're going to try
to put up some fight and that that's exactly why we say it.
In the beginning of the show, this is the separation of money
and state. Anyways, everybody no more
delay. Let's get to news.
We got a lot to talk about the. Check it out.
The Daily News, The Daily News is brought to you by block
stream. Jade built by bitcoiners for
bitcoiners. It's an open-source Hardware
wallet for the cold storage of Bitcoin.
Check out the brand new limited edition color.
The transparent Green, Jade block stream, Jade houses a
full-color camera allowing for fully air gap, Bitcoin,
transactions, scan and display, QR codes, directly on the device
assigned, transactions, and verify addresses.
With ease, use your block stream, Jade with your favorite.
Wallet software such as blog stream, green, blue wallet,
electrum Sparrow, get yourself a Blog stream Jay today and take
self custody of your Bitcoin. Alright guys I also want to give
a shout-out to our new sponsor. The orange pill app stack
friends, who stack SATs? Yeah, that's right.
If you live in a city and you don't know any bitcoiners around
you, let's say you move to a new city and you don't know any
bitcoiners around you hop on the orange pill app and you will
find bitcoiners around. You it look I don't know about
you guys but I don't really Any anything in common with my
Normie friends anymore were operating on a completely
different system on a completely different standard.
So now what tends to happen is I relate mostly to bitcoiners and
I'm sure that a lot of you guys know exactly what I'm talking
about. I'm sure your day will be full
of amazing speakers. When you go to Miami and talks,
what are you gonna do at night? There's nothing worse than being
in a city full of bitcoiners but your inner you you are in your
hotel room watching TV, hop on the orange pill app events page
and finds all the Bitcoin, ER, events on the Fly.
Download the orange pill app today, find bitcoiners in your
area. It's all about building a
community, we're stronger together.
Anyways, I want to talk about this.
I've been delaying talking about this for quite a while because I
wanted to see it. Develop and boy.
Oh boy, did it develop? So we had an episode on this
about, like, six months ago to nine months ago maybe was a year
ago about Intel which is huge right?
One of the largest CPU manufacturers in the world.
I mean, there's really only two, they decided to make Bitcoin
mining chips. Well, it looks like they back
down, it looks like they're not doing that anymore.
Here's some details as an article for blood from block
works for audio listeners, so it says, US tech, giant Intel has
cooled on Bitcoin mining after discontinuing.
It's practically new block scale, 1,000 chip series.
The Move comes about a year after Intel announced its
Standalone, crypto mining chip Peg to be more powerful.
And energy efficient than the top-of-the-line Asics quote.
As we prioritize our investments in IDM 2.0.
We have end-of-life the Intel block scale 1000 series A6 while
we continue to support our block scale.
Customers IDM 2.0 refers to Intel strategy of utilizing,
third-party foundries to manufacture products, including
graphics and chipsets Intel's decision to acts.
Its mining. Chips was first reported by Tech
Outlet Tom's Hardware, which noted the company often cites a
focus on IDM .0, when it plans to tighten resources or pull out
of business, has Intel has previously.
Announced its block scale, Asic would ship in the third quarter
of 2022 named Argo. Blockchain block of formally
Square grid infrastructure And Hive blockchain as its first
customers but it's not all bad news.
Seems like Jack dorsey's block snaps up Bitcoin mining chip as
Intel wines down production it goes on to say Jack dorsey's
fintech pain. That's company block recently
bought a large number of Bitcoin mining ships from Intel which
will accelerate its plans enter the mining Hardware Market.
Just as the chip maker winds down production, the purchase
will help it. Bring mining machines to the
market as it focuses on developing its Cutting Edge 3.
Nanometer chips Intel announced in February a last date for the
production of its Bitcoin. Mining application specific
integrated circuit. I could have just said Asic in
April, 20, 24 as it too, skinny, discontinues the chip.
Lock recently jumped on the opportunity to buy a large.
This is the signal out of all of this block recently jumped on
the opportunity to buy a large quantity of these Asics.
From until it's set in a Friday blog post, the firm was planning
on finalizing, its design of a five.
Nanometer chip for Bitcoin mining this quarter and build
machines based on that. The purchase means that the team
could focus exclusively on the 3 NM design.
The post said, anyways it goes on to say and this is a bit of
other Signal and this is actually something that troubles
me a lot. The reality is that the vast
majority know like the majority or the, I don't know.
How does it what is the word above majority?
Alton almost all of Bitcoin? Mining Asic production is, is by
to Chinese companies and I don't have anything against China but
you know, the specifically, the CCP, the government of China.
We all know how they feel about Bitcoin when they're playing two
sides because like Mainland China, they're like no.
But Bitcoin bad band, Bitcoin. You know, you get a fine if you
use Bitcoin, but like, in Hong Kong there, like you know what,
we'll use, this will use this to two countries or it is a 22
cities, same country or whatever.
I forget what the expression is. Anyways, I'll put at this eight
pots jurisdiction. Same government.
Exactly. So Hong Kong was a former
British colony, and, you know, it was given back to China and
the 90s. But Hong Kong has has had some
level of Independence. So, what I suspect they're
using, is they're using, they're trying to get the best of both
worlds. Right.
So in mainland China, no Bitcoin.
Try to control the populace with their social credit system.
But in Hong Kong there, like, hey, you know what, since the
u.s. is being so hostile to these companies, let's attract
them here and let's get the benefits of that.
So there I think they're doing a very smart anyways.
But and that's a big problem, right?
You definitely don't want the Asic manufacturers to be from a
country that is openly hostile towards Bitcoin.
And I think that that's a lot of other.
You know Bitcoin predominant bitcoiners have identified.
This problem one being blocked stream and Adam back.
Right. They acquired a company called
spawn Doodles and of course, Jack Dorsey.
So it goes on to say, blocks said it aims to improve the
decentralization of the Bitcoin Network.
When it comes to Mining quote, the main problem is quote, the
diversity of manufacturing and supply chain.
Jane said Templeton quote, we want to make more more tools for
more people to build and use. When you dig into mining that
Asic is at the center of mining. The mining.
Manufacturing industry is dominated by two players bit
Main and mikrobitti, right? So it'd be great to have a
mining menu, minor manufacturer from a country that is not
openly hostile towards Bitcoin, right?
You don't want it to be too Chinese countries, being
responsible for all of the man. Factoring.
Now I know that bit main has moved some of their
manufacturing overseas, specifically to Thailand, but
still right. But still what, how much, how
much weight? How much influence does the CCP
have over over those companies? Right.
You definitely don't want to be in that position.
Just like stratum V2 is going to further decentralize mining on
the manufacturing front. I think this move by block is
very necessary and shout out to Jack Dorsey for identifying In
this problem, the more mining manufacturers the better, the
more mining fact, the more mining manufacturers that are
based in different jurisdictions, even better,
right? So I think that's what we're
moving towards. But, let's see what happens.
Anyways, Mike, I want to get your take on this.
I know that you've, you know, you've had your bouts with, with
Mining and stuff. So, I'm curious to hear what
your thoughts are on on all this.
Yeah, I the funny thing is with Intel, I I understand and I
agree with their concerns because they are, they are
trying to hop into the middle of an industry that was already
extremely specialized, and extremely competitive, extremely
competitive. In the sense of like it, like,
it's dominated by the two manufacturers, like we just
discussed, and it's competitive in the sense of there.
So specialized that One of the things with Chinese Chinese
technology as far as like their production capabilities is, it
was always rumored that they weren't capable of making chips
smaller than I think 7 nanometers.
And so like when I then you go to Bitcoin mining and say well
there are already working on building a six with chips that
are five and three nanometers. So like, is it really true that
they don't have the capability to go any smaller than 7?
So like when it when it goes again, going back to entail, I
understand the the kind of psychology in Game Theory that's
going on in this decision because I get the same time to.
And I think I mentioned this in one of your maybe one of your
guys's spaces like a week or two ago or with like the toxic
happy. Our guys.
It also makes sense that they would back down like this right
now and then I don't see any reason why they wouldn't have
the intent or the backstage workings to Try and produce
their own small little kind of like experimental company on the
side or even any one of their former members or former
employers or team members or whatever.
Like there's a lot of stuff as far as business and business
intelligence that goes on that, none of us can really see.
It's really very comparable to the actual like, intelligence
industry and like Military Intelligence because like
there's one month when big money's involved in Bitcoin is
big money like especially with the target total addressable
Market, the Bitcoin has Like there's a lot of money to be
made, so there's going to be a lot of significant investment by
intelligence groups to try and figure out what the best
strategy is here. And like the best strategy is
going to be a strategy that your competitors don't know about.
And I also think that it's really, really smart by Jack
Dorsey and block to buy up as many as they could.
And it sounds like from what you just read Nico that they're
going to be using that as a test bed for, probably multiple
different reasons to try and produce their own product.
And potentially take the market share that Intel basically just
left wide open because there's also there's also the projects
like I think Marathon was planning on buying some
industrial-sized Hydro cooled Bitcoin mining products from
Intel as well. So, I don't know what they're
going to be doing. So that may be a question for
Fred peel CEO, but yeah, I people think it's like, I think
a lot of people reacted, like, it was like Fudd or Reason To
Doubt Bitcoin. But if you know anything about
like, Bitcoin mining, and Bitcoin is like, This will
happen like this is like I said, it's highly competitive.
It's extremely competitive extremely specialized, I'm like
this is to top it all off. I'm very excited to see where
this is going to be going because Bitcoin mining is
essentially going to be leading the charge on revolutionising
microchip. Technology because we're the
ones pushing the limits on the size of the nanometer.
Because, like, when you get down, like the reason, like the
target is 3. Nanometers is like, you're
getting, you're really certain to flirt with the laws of
physics down there to where, electrons start hopping across
the chip, and they can't convey, because the space gets so small,
electrons jump, and you can't control the flow.
If you can't control the flow of electrons, you We damaged
materials and you just, you don't, you can't effectively
power the chip itself or like or the device that the gym is
supposed to be running. So this dude I can't say enough
about how excited I am for Bitcoin mining and it's like
when I say when I say second Renaissance I full I
wholeheartedly mean it I don't think anybody really understands
how much I actually truly believe that we are seeing the
revolution is ation of basically every technology on the planet
right now 100% And it completely Changes the energy conversation,
right? Because yeah, you have these
energy, energy, rich pockets all throughout the world that would
normally be. So isolated from civilization
that you couldn't really monetize that.
Now all of a sudden, you know, these Bitcoin miners can go to,
it's like water, they can go to anywhere, it doesn't really
matter. And then, for the first time in
human history, they can give those isolated energy Pockets
Valley, right? We see this on a smaller.
Ill with the the flared gash, the flared gas initiative, that
Crusoe energies. I know, Great.
American mining was was part of that as well before they got
acquired right there. Turning this flared gas that
would normally be vented out into the atmosphere and they're
turning that into sweet, sweet satoshi's right?
And like, you could like, and you like, think about it like
and you see this with the country Bhutan yesterday, right?
It's extremely has tremendous amount of Hydroelectric,
electricity capacity, or capability, but it's an isolated
country. It's a country with not a big
population. What are they going to do with
all of that excess energy? Will they realized, let's turn
it into Bitcoin? And I think that this is going
to happen on a worldwide level and it's going to completely
change the energy industry altogether.
You know, and I think the powers that be know that and I think
that's why they're so hell-bent on attacking, you know, using
their there, you know, the Again, though, where the change
the code or the New York Times, hit piece, which completely
backfired on them, I might add right?
So, you know, it's stuff like that, right?
That I'm just super, super excited for anyways.
Opti, what's your take on this brother?
Well, just on a general sense because I can't touch what Mike
was saying. First of all love, Mike's
insights on all this stuff, but as we know, as bitcoiners as a
free market Maxie's, competition is good.
So it's a shame to see Intel back out making NG the Asic
chips but hey, like Mike said, you know, this is just going to
open up space for more competitors and it's only a
matter of time until the chip manufacturers realize that
there's probably a lot of money to be made by manufacturing Asic
chip. So I think it's just going to be
something that we are just going to need a little bit of time to
see this play out, but, you know, shouts out the Jack Dorsey
shuts out the block for picking up that slack and for seeing the
opportunity. And it's kind of something that
I know we're going to be talking about In the culture.
But it's the idea that we always talk about here on the show of
saving in Bitcoin and unlocking your human capital and we're
seeing Jack Dorsey. Just go, you know, absolutely
balls deep in Bitcoin and in mining and everything regarding
Bitcoin and it just you just love to see it.
I just can't wait to see more Bitcoin, entrepreneurs do the
same thing and just seeing what else we're going to see, pop up
in the future and how our lives will improve in the process.
Anyways, maybe let's get into the culture because I want to
give Mike some time. All right, let's do.
Do it. Let's get to the culture, ladies
and gents. The daily culture brought to you
by Swan Bitcoin.com, Swan is the best way to build your Bitcoin
stack with automated Bitcoin savings plans and instant
purchases serving clients of any size from ten dollars to ten
million dollars. We love Swan because they
incentivize self custody and dollar cost averaging.
What do you waiting for visit Swan?
Bitcoin.com today. Alright guys, I also want to
tell you about the swan. I repeat coin is generational
wealth and you can secure your bright.
Future with the swan Ira real Bitcoin, no taxes.
One offers both traditional and Roth options to best fit your
needs, create your IRA and start adding Bitcoin in less than one
minute transfers and rollovers are available swans.
Bitcoin experts will get you set up with no transfer fees and no
minimum balance requirements. This is real Bitcoin not not an
ETF or other. Derivative get the real thing
and get it at Swan. Go to Swan.com Ira, for more
details. And of course, you could always
send me a DM on Twitter. If you have any doubts,
questions, or Concerns. Anyways, Opti.
It's all yours, my friend. All right.
Well, my car ready? Kind of drop the sauce on
everyone because I was just going to basically do.
Hey Mike, I'm going to cheer you up on a tldr.
What is this series? What are we talking about here?
But you kind of already did it so maybe you can just pick a
jump-off point and then we'll continue the conversation, my
bad, man. I didn't mean to you're good,
bro, you give it up the sauce, give him the sauce.
But but yeah, so like what I touched on earlier is like, I a
lot of both the Bitcoin community and the Legacy system
and mainstream media and normies, they all think that
Bitcoin is going to change things because of number, go up
technology and I actually think number go up is like the last
thing anybody should be talking about.
Like it's cool, it attracts like interest and all sorts of this
other stuff. But I think that the real value
is a the Bitcoin mining conversation.
Like, we were just having as far as revolutionising energy but
it's also the fact that Bitcoin because of this, the fact that
if you custody it properly, it can't just be forcibly removed
from you and In that and the other very important properties
of Bitcoin it brings back like time value.
Because with regards to the u.s. dollar, there is no time value
in the US dollar when you can, print Nate, said it really,
really great yesterday in the spaces after the show.
Which I also I think I had a bit mentioned in part two, where you
cannot accurately or Faithfully judge a country's GDP when
you're measuring it in a dollar that had 40%.
Have it printed within 18 months, that doesn't make sense.
Like when you produce that much money and you're like oh the the
count the country's GDP went up by 40% but we also you know,
printed 40% of the money. Like okay.
So it basically went up by nothing.
I mean as far as far as like the actual math, I'm probably wrong.
So don't, you know, take my word for it, but the fact that it
gives People Back Time, Value it Returns, the power of the
individual. Turns the power of time and
economic value and frugality and just responsible economics and
financials back to the individual, to the point of
where incentivizes the individual to actually make
greater value with every iota of time that they have in the day.
Because now we have a situation here where we have I had tweet
yesterday where I talked about. So for example, for health,
People are surprised that the population of Western developed
in western western developed countries their surprise that
the health is bad when our frames have gone in the last
like 200 300 years, our frames have gone up as in were bigger
and taller nutrient, density has gone down in the last 50 years
but the the average nutrient density.
I think of like the average fruit or vegetable you pick up
in the produce. Aisle has like 12 percent of
what it did. 50 years ago, people are moving less every
day. Um, and the fact that because of
the economics of the US dollar people don't have enough time to
actually, not only partake and healthful activities because
they're, they have to be sitting at a desk working.
Some bullshit Fiat job eight to ten hours a day or they don't
have enough time to actually do, what is proper for, in a sense
of family formation, like a mom or a dad staying at home and
properly, rearing children to the point of where the children
now are also deficient in just About every societal like
functionally important societal like capability of child is
supposed to have is when they grow up it, like when they grow
up to be, you know, teenagers and adults.
And when you're, when you're considering the economics of a
society or the technological innovation of society, all of
these matters are important. Like if you there's a I think
there's a quote from DaVinci where he says.
Like if you want to, if you want to truly like value life, you
have to understand the science. The art of science, you have to
understand the science. Of Art in order to understand
how everything is like beautifully interconnected.
And this is one of the problems with like economists today like
all these morons on fin to it, they claim to be like Financial
gurus and experts, they try to pick out these very specific,
little measurements of an economy and claim that that's
going to be steering everything into the future like that.
That's not how it works. You have to consider every
single input across the entire Spectrum to understand where the
flow of like the future is going for the a flow of modernity is
going. We're where the possible next
endpoints going to be and right now, like, what we're seeing is
that because of the US dollar and because of its frugality, as
far as I can, the capability of printing it, nobody can measure
anything. Like you can't, you can't
measure how impactful your job is by your income because the
income doesn't matter and you can't you can't judge the impact
that you're that you're having on pick a thing like it.
You just when you screw up the measuring stick of the of the
country or the economy, it just causes so many Downstream
effects that people just aren't giving enough credit to.
So this is why I think that getting back into the actual
energy discussion because this is where the real value is.
So like the time value is getting put back into money.
That's one thing that Bitcoin is doing really, really well.
And that's one thing that people don't value right now.
But they will, once more of these Banks, keep failing
because, Matt Odell put a thing up on Noster yesterday.
Which I don't know if you guys saw it but he said that this is
just the start. Like it's just like it's almost
just like 2008. I think Lehman failed like in
March or something up. 2008. And then like the whole kind of
House of Cards didn't really start to collapse until fall.
So be careful as far as like this summer and everything like
people are going to like in my opinion people are going to come
out of the woodwork as summer and just be like oh this like
this is fine. Like see we plug the hole, JP
Morgan bought it, it's cool, whatever.
But I think Matt Odell is correct in the sense of there's
going to be more coming, there's going to be more issues coming
like Just like Tim pool says, like, use you plug the leak.
With a lot of toilet paper. I don't think you accomplished
anything more people are going to get woken up to this.
So again, that's the that's the money Financial aspect of it.
But when it gets back into the, like, the technological
innovation Renaissance because of what Bitcoin is incentivizing
and the development of more radically specialized
microchips. One thing you also have to
understand when it comes to like I've written about this on my
sub stack. When you talk about complex
adaptive systems which like the body is a complex adaptive
system, a country's economy is a complex adaptive system.
Every input is very, very, very, very valuable because every
input matters because regardless of whether the input fails you
get information out of its failure or success, you give
more information at failure than you do have success and you
know, anybody who's Who, you know?
Been an athlete or been in a squat rack or deadlifted, you
get more information out of your failure than you do at success.
Just tells you you're doing everything right or doing
something right so Bitcoin is incentivizing all these radical
revolutions across the board. Money economics is bringing
philosophy back, which is awesome.
Like, I know Opti Nico, like the three of us.
We all love philosophy but then When you revolutionize, not just
the development of microchips but you completely change the
environment of energy generation because Bitcoin, my name is
incentivizing energy, generation beyond that, which is demanded
by a society. When you incentivize producing
energy before, it's needed, you also incentivize the
infrastructure to be developed beyond what is necessary for the
capability of today. so, and I have talked about this in that
in that article that I ought to just put up on the screen but
like for example, with new nuclear powered reactors With
Bitcoin mining. Now, theoretically well,
theoretically, but they're also doing it over with Tara wolf and
Pennsylvania and everything. But theoretically, you can build
a new modern nuclear reactor because none of the reactors are
running today. Our modern none of them at least
none of them that I know of they're all at least, 40 50
years old. you build a new nuclear reactor that these Mark
threes are so automated and so compartmentalize that if there
were to be a meltdown Even the people working on site wouldn't
be irradiated. So, that's a you take these
nuclear reactors. You build these nuclear
reactors. You have a Bitcoin mining
facility that is right there on site or like right across the
street from it, ready to just throw on demand as soon as the
switches are capable of being thrown, you start producing
energy beyond what is necessary by the civil society around it.
And then you can allow Asian to develop around these power,
plants around these sources of energy, instead of having to
build the city. First, that's a big thing,
because we've always had to build the city first and then
find a way to generate jet-like. Generally, you have to build a
city first to generate and then find a way to generate energy
around it because you kind of wanted to be around, you know,
rivers lakes stuff like that because life tends to follow or
dense to, like really take out areas where there's access to
rivers and lakes and water. But now, This we can build the
energy, generation and infrastructure where the energy
is at produce. It cheaply produce an income off
that energy to start with, and then you can develop and hit the
ground running from there like this, like it change it.
Like, I don't think people understand how much this
changes. Absolutely everything I could
changes in. Just like how Nico said, it's
like people are going to vote with their money.
Be able to vote for their feet, are gonna be able to vote with
their energy demand. Like it's like, I I don't know
if you guys notice I kept speeding up and how fast I'm
talking, because I get so excited about this stuff.
But like, this is we're literally watching the future
happen like in real time, dude. And it's absolutely incredible.
And, you know, I think the news from Bhutan yesterday, really
confirms what you're saying is that on now nation-states are
coming to this realization, right that holy crap.
Bitcoins incentives are completely irresistible and what
the other side has This is just, it's a fugazi, it's a fugazi.
It says sdrs. And it's just imaginary, like,
print money out of thin air and mopped, his ex-girlfriend crew,
Starving Artists use my money. Please, I'm Christy like like
come on now. Anyways guys, do it nigga before
we gone. Mike, can you touch on tldr on
the idea of communication? Because I say it all the time in
spaces, it's the ideal, man, we have super computers in our
pockets. And as we're seeing happen in
real time, information is stress is traveling at such a fast.
Fast-paced that maybe we are under estimating.
But also at times, overestimating how fast is whole
phenomena than phenomenons going to happen?
Yeah, yeah. Real quick because I know you
guys have a time slot and show. No, no.
Today's gonna be an extended simply Bitcoin episode.
We're going to an hour 15, maybe, okay.
All right, fair enough. So the other thing that Opti
reminded me of that in touch on those in the article was that
when we look and we're comparing like this second Renaissance to
the first Renaissance. You have to look at what
started. The first Renaissance the first
Renaissance was like it because this interesting amalgamation
and concoction of different like people were realizing that
things were changing, but they didn't really like they didn't
really know how to like, you know, put a pin on it.
Right, which is kind of like where we're at right now.
But then it got to the point of where the Gutenberg Press was
developed and then the printing press was developed out of that.
And when you get that when you get the printing press to where
you can, In Mass produce, thoughts and ideas and spread
them out, faster than has ever been capable before you really,
really, really change the trajectory of the future and of.
Because once people get to real like get to read competing
narratives or competing opinions, or new opinions and
new narratives, you spark inspiration and that leads to
Innovation that leads to like behavioral changes that and
That's and out of the out of the printing press you got the
Renaissance because of all these like the Bible spread around you
got like all sort like a and I'm going to try and quote the other
books and everything that's circled because I like I'm I
can't remember, I'm going to get it wrong.
But when you, when you allow something like books to be mass
produced, at a time when books were only capable like before,
before the printing press, the only people that were allowed to
read the Bible where the priests so they were the only ones there
were Loud to translate or determine the word of God,
right? That can be a problem because
that's that's gatekeeping like that effectively.
Maybe it wasn't designed to be gatekeeping, but it allows and
incentivizes gatekeeping by the church.
So then you get into now compare it to today, we're real work in
an environment where the internet has allowed for very
free thought and very instantaneous thought.
That's the other thing about the first Renaissance is like, even
if you can dude, you hit the Down the head.
My Kate were watching the disintermediate.
I've said this many times the disintermediate.
So you hit it. You hit the with the printing
press, right? But what we're living through
right now is the disintermediation of
information. Which the internet started that
fire mainstream media. Yeah, exactly.
So, the disintermediation of information, the powers-that-be,
they're losing their Monopoly on this.
And then, at the same time, there's a bit of a crossover.
Also the disintermediation of money, right?
And it's just creating this chaos.
But at the same time, I think big It corners, and I think
anybody who's, you know, taking personal responsibility to seek
their information and actually to take custody of their wealth,
they start to see, you know, Corey calls, it, the bright
orange future. You see it like over over over
the hill, you start to see this like this light just kind of
shine through and you get little glimpses of it but boy, oh boy.
We have to go over the hill before we get that.
Anyway, speaking of going over the hill, guys, if you want to
make it over the hill, With your generational wealth, you have to
learn how to properly secure your Bitcoin wallet, back up
seed words and there's no better place to do it then to put it on
steel, don't put it on, don't put it on paper.
Get yourself a bit plates. Domino they're designed to
preserve Bitcoin wallet back up seed words and passphrases made
from highly corrosion-resistant 316 marine grade stainless steel
and it offers the ultimate protection against extremes of
temperatures, get 10% off anything on B plates.
Eight.com using promo code simply.
Anyways, I let me go hit it. Flick it again.
We are we doing bit plates ASMR like yeah, look at that steel.
That's some high-grade steel anyways.
Everybody, let's get to the mean review.
Let's do it. The daily meme review brought to
you by Kaboom racks. I get this question all the
time. Nico.
Where should I buy Bitcoin miners.
The answer is Kaboom racks. It's the best place to buy
Bitcoin miners. That's where you're going to
find the best deals and the best prices start.
Your mining Utopia today, to check out their racks.
You got to go to T dot me, slash Kaboom racks.
Join their telegram group and start your mining Journey today.
Kaboom Iraq. All right, guys.
I want to tell you about the touching the tip ceremony that's
going to be happening in Miami. All right.
I know, it sounds weird, but BTC sessions and I are going to be
coming together prior to the Bitcoin 2023 conferences.
Going to be the same week and we're going to be coming
together. Tuesday May 16th 1 p.m. at the
Bitcoin Grove. It's kind of like the Bitcoin
Park and Nashville but the Miami version It's called Bitcoin
Grove. So anyways I'm going to read you
some of this What's happening, Nico will have a strip of his
hair dyed blond by the lovely mrs.
Sessions a live, simply sessions news, show, stream giveaway and
prizes luxury. Luscious golden lock shall
combine and possibly create a god, candle.
The likes of which Bitcoin has never seen before and of course,
there's going to be a few drinks and we can enjoy each other's
company so you definitely want to miss this.
Get your tickets quickly. There's only there's only so
many that are going to be available and I definitely want
to see you. A lot of you guys in person,
it's going to be awesome. Hashtag touch the tips.
Hashtag be Nico or Benny. Tico Benny, Co tag many go
anyways, Opti, what memes? What options do we have?
I'm gonna get my hair to. I'm not no longer going to be
long hair. Nico.
I'm gonna I'm gonna I'm gonna have to change it up Nica.
I'm gonna change it up for the, for the streak.
But wait, it's freaking hair, streaked and beard.
I think I'm gonna go with the hair.
I think I'm going to go with the hair.
It's a, you know, it's a passage like, you know, as a Bitcoin
content creator. You get to a certain point where
you're not a real Bitcoin content creator until you
streak, a piece of your hair blond.
Okay. And shout out to bend for
startings, farts. Starting to Trend but all right.
Well, when is Ozzie never dude, I had my, I had my blond, my
blond bleach hair phase when I was alone.
Eight years old when I used to listen to Eminem.
It's been it's long gone because you've been there.
Done that. Yeah.
Been there done that. Okay.
Yeah. We need a picture of that.
Now we need a pain. Yeah, exactly Pika.
I'll send you a DM. I don't know if I'm ready for
the internet to make fun of me. I'll let you make fun of me.
All right guys, this is the mean review.
You already know the deal tweet to the bullets mean to the
artillery of course. We are in an information War
continued to spread the signal continue to get people on the
Bitcoin standard. Continue to ridicule the
parasite class the corporate press because they're bought and
paid for plain and simple. Anyways, first meme is by crypto
graffiti and I remember they did this one.
I think it was what was it Silicon Valley Bank or Signature
Bank? I forget when this theme started
but we got crypto graffiti here and they go today in front of
the First Republic. Bank headquarters.
Shout out to Mark Goodwin for the assist.
And you can see out here. They have the U-Haul truck and
out in front of the First Republic Bank, we have Janet
Yellen with the infamous, buy Bitcoin sign and on the side of
the truck, it is be your own bank.
I love is our me mortal. I like our I like our truck much
better than the the skull truck. Oh yeah, way better way better.
Our truck is 100 times. Better way better.
Okay. And then on the theme of today's
show. The BTC therapist on Twitter and
he goes, the having is coming hashtag BTC and we got Homer
Simpson over here, sleep on the couch with the house on fire.
And it goes how big Corner sleep when the financial system is
collapsing. Yes, this is the way guys.
I am sure. If you have your Bitcoin in Cold
Storage right now under keys that you control not on an
exchange. I am sure.
You are just in pure Zen right now just like hey it's almost
like we told you this was gonna happen.
It's almost Most like we knew it was going to happen.
Anyways, this next one is by Erik Gates and you know, I try
to avoid charts on here even though I do sneak them in here
as much as possible on the moon review.
Anyways, arrogate goes with the failure of First Republic Bank,
we've hit 08 levels for bank failure.
This is certainly a crisis hat tip to librarian views and you
can see here is a chart. Here it goes.
The three banks that failed this year.
We're bigger than 25 that crumbled in 2008 US bank
failures and eat, Here adjusted for inflation and you can see an
07. It was what 500 billion.
And now currently this year so far, we are.
If you can see that we are above the number of bank failures in
2008. So as much as a corporate press,
as much as the government would like to tell you that we are not
enough financial crisis away. What they say, the banking
system is fine. Guys, based on the numbers, it
is absolutely not fine. And I think it's something that
Mike said referencing Odell's tweet or Nest on Noster,
whatever post on the roster guys.
I think this is just the beginning of what we are going
to see happen you know going out the rest of the year and
possibly next year. So hey, who knows what's going
to happen? But it's not looking good out
there for four main street. Anyways, this next meme again is
a chart because it tells a compelling story and we have
this one is by large supporting us The most compelling argument
by return a crow up to Mecca. Guy, mackeral mackeral argument
for return to sound money and I've shown you this chart before
a lot, but I think it makes our point today considering
everything that's happened in the world bank's blowing up and
all that good stuff. The most compelling argument for
return to sound money, note the magnitude of the swings pre and
post 1913. When the Fed was created, they
are driving a clown car, and you can see here the line right here
1913, you can see A a very you know very tight tight Trend up
here of volatility before 1913 on the gold standard era.
And then look at the wild swing since 1913, as Lawrence said you
know, they are driving a clown car and it's only a matter of
time until you know we get wrecked out here.
So I hope you have Bitcoin in Cold Storage.
I hope you are on the Bitcoin standard anyways.
The next Name Is by Maxis club and it goes 382 00.
If you are in Bitcoins and anyways, we got a Pepe Bitcoin
over here, it goes, meditation is easy, just sit, relax and
follow the voice in your head and the voice in your head is
saying buy more Bitcoin anyways. This next meme is by Kim gauge.
He's been, he's been tagging me a lot on Twitter so I'm adding
you on him. Just goes hashtag Bitcoin and we
got this frog just chilling. He goes while the FED tries to
screw everyone with their cvtc. I'll be quietly, stacking
Bitcoin or like everyone of us loudly stacking Bitcoin And
telling everyone they should be stacking Bitcoin.
And this last name is by RT B TC and I don't remember, I think
this might be an old one that we are rehashing here.
But again, the message stays the same.
This is an evergreen tweet over here to go, straight to the
Fudd, folders, whenever the lamestream media needs to write
an article about Bitcoin and they just look in their folder.
And what do they pull out the same Fudd lines.
Ted their fudge low transaction. Bowling the ocean only used by
criminals governments will Bennett quantum computers to
tell you. So is coins.
It's a waste of energy and it doesn't scale.
These are tried and trued Fudd lines that I am pretty sure have
not died yet and it's only a matter of time until they roll
out the next version anyways, drop your mean review score in
the chat as we cover them live. And hold on.
You got any good because I need to grab mine off the floor.
All right. Mike you go, you go first.
What's your name? What's your mean score?
My mean score, is this dope stealth Bitcoin hat from pink?
White hat. Guy on Twitter.
Oh, I love it. Like that.
All right I think I'll Hold On. Let's Go full screen on this one
since I'm getting trolled in here by.
What's my friends named Big Mac opt?
He's Big Mac, coin wallet. Here is the styrofoam delivery
case, that that by K and C cattle comes in.
You know, my Meats comes in, it's still in my living room, so
yeah, not the aunties reading opt he's eating, right?
That is that shot fired? That's on right, that's the
right way to eat. My mean score.
Yeah, just remember it just to remind everybody who were up
against, you know, this is not left versus right.
This is not a liberal versus conservative.
This is the party of orange, and against the party of green, the
party of slavery, the party of Central Bank, digital
currencies, and we all have different descriptions for them.
You know, Opti calls them. What do you call?
High-level parasites, you know, Marty Bank calls them, the
unproductive class and Nico calls them, the monetary demon.
So, in honor of that, this is my score.
Just like the Bible says, it's basically an Intergalactic
Invasion into this space through people.
I'm telling you, that's what all the Ancients said, it's what
they warned of, it's what we're dealing with.
They're demons. All right.
That's my score anyways. Everybody, please put your score
in the live chat, but we will get to it.
I want to give a very special shout-out to our clothing.
Sponsor opting. I wear the merch every single
day, Mike was wearing the merch in the beginning.
Its Simply Bitcoin merge opt he's wearing the simply Bitcoin
hat. There's more available, by the
way, I'm wearing the classic black represent, hoodie check
out all their stuff. Simply Bitcoin merge drop will
be coming out soon. Check out representing t.com and
you can use promo code simply Dash Bitcoin, get yourself a 10%
discount, anything on the store anyways Opti before we move on
cue, the epic music. All right, first score by j-dub
the Laker 21 mmm review and Aloha from Kauai Kauai Hawaii on
vacay but woke up early to watch simply Bitcoin baby.
Oh man. Thanks bro.
Go appreciate it. Be aware and focus as I give
those memes one and one Rusty card autograph on block. 787 787
very nice, very nice Elaine score, Nico dies, blonde streak,
Orange. We're not there yet, but we're
not there yet. Maybe in like, maybe in like, to
having's from now. It just starts to become orange
on itself. By itself opt he's big, Big Mac,
coin, wallet, maxed out score, Mike Hobart, would you rather
eat Big Macs all day or grass-fed beef all day?
I mean, grass-fed beef, obviously, that's an obvious
question, brother. That's not even a question.
The p, man. Van I give these memes a vintage
shirt unit died model 55s, microphone wolf, Wolf, you know,
you know, you know, satellite is jencks, I give the means 99% of
all Bitcoin will be mined by 2030.
I love that. All right, next one, Andres, 30
squats, 50, deadlifts 100 burpees 100, Pull-Ups for the
memes. Well, that's one, that one's for
you. That's that's for you, Mike.
And then we got the buzzer also guys check out an honor of Mike
being here. Check out Simply Bitcoin the
written Version of this show, you got to go to
www.simpleandsensational.com and you can check out all our
awesome, right? All are some work, Mike of which
rights for us it's incredible. Love your stuff, it's absolutely
epic. Could also help us stay on the
air, you can subscribe to us. Everything we do is free but if
you feel so inclined it does help us out.
You can subscribe to our sub stack.
Anyways, Mike, thank you so much for joining us today.
We really appreciate it. It's an honor dude, that you're
on our team that you're on our side.
I'd happy that you're on our side.
Happy that you're not on the party of green.
Anyways. Why don't you tell everybody
where they could find you on the interwebs?
Oh yeah, man. First of all say I love you guys
so I got that's why I work with you guys is like I enjoy hanging
out with you. Enjoy working with you so but if
you guys want to follow me on Twitter, it's down in the bottom
left at the mic Hobart, and then my sub stack is just hear me
out. So just hear me out dot
subset.com. Other than that, That's really
all that's those are the only two spots that I'm active.
So if you have any questions, you want to reach out.
Just shoot me a DM on Twitter and I'll, I'll respond to the
ones that aren't disrespectful. Right.
I liked it. I liked how you preface that.
No anyways, everybody. Mike, thank you so much for
joining us today guys. If you enjoyed the show, you
know what to do? Smash that like button.
Consider subscribing. If you feel like, we provided
you Valley, but the number one thing that you could do to help
push to, I just smashed the mic. I apologize.
Remember one thing. Do to help push the peaceful
Revolution. Forward is share all Bitcoin
content. Of course you can do, you can
share our Channel but just share all Bitcoin content.
That's how you push this forward.
We're breaking through the Bitcoin Echo chamber today.
I think you know Tim finally came to the realization over
over a couple of episodes he's like, wow, I should have
listened to Mike and now he's gotten to the point where banks
are collapsing. I'm buying Bitcoins F dot.
That's where we are in the movie.
But anyways, we love you all. Thank you all for tuning in if
you want to hang Hang out in the after party.
We are hosting a spaces with our friends.
Over at Swan Bitcoin.com best place to build your Bitcoin
stack. Shout out to the best producer
in the game producer, Jacob. And we're holding it down till 2
p.m. Eastern Standard Time, so about
30 minutes. Alright guys, I'll see you
tomorrow for another episode of Simply Bitcoin live.
What's up guys? As I told you yesterday, we are
going to kind of continue the conversation that we had
yesterday. As you guys know, we had our
close friend, Mike Hulbert on the show today.
So he is already in the spaces and I am sure.
We are just going to double and triple down on everything we
said on the show today, as well as yesterday.
So, of course, you already know the deal.
This is a Bitcoin Space by bitcoiners for bitcoiners, so do
not be shy. If you want some health advice
from Mike, some Fitness advice for Mike come up here.
Ask some questions. We're going to continue.