I don't believe. So if you should ever have a
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At the time of this recording. The block head is 720 6480 the
Bitcoin price 30 8410 chain rewrite days 723.
Total public lightning capacity, 3485 86 Moscow, time 2603,
blocks to The Happening, 113,000, 520, and the samurai
whirlpool unspent, Any Samurai Whirlpool is a coin join or
collaborative. Spencer service and the unspent
capacity in that pool is 4380 5.71 BTC Nico.
It's a lot of joining corn right there dude.
Yeah I just want to take advantage of the of keep saying
that stat before, you know, Brandon right.
Aren't they aren't they going to announce some regulation?
Yeah, we'll get to that. Okay.
Yeah, I mean it's gonna be fun.
Holy cow, we are definitely in the then they fight you staged
her. Anyways, Phil I got some very,
very bullish stats. Let's check it out, shall we?
I got first of all, I got a video from our favorite Central
banker and we're totally being sarcastic.
When we say favorite, I mean of all the central Bankers, he's
the leisurely shitty, I guess. Because Christine Lagarde and
Jerome Powell. If you were if you were to
compare them I would definitely go.
Jerome Powell Christine Lagarde. You she's just she's okay.
Let's be honest, she's a vampire.
Yeah, he's a vampire 100%. Anyways, let's check that this.
Check out this video, this is kind of a big deal.
I mean, it's not kind of a big deal.
The fact that they keep mentioning Bitcoin and to keep
saying it's not, it's not a currency, it's not that it's
just used for speculation. We'll get to that in a second.
We'll get to why that's wrong. Anyways, check out the video,
the existing digital currencies that again are not backed are
really vehicles for speculation. Don't they're not used in
payments, they're not a store of value, their speculation like,
gold, that's what they're used for.
Whereas this, you know, potentially a USC.
BDC would have a wider view. I do want to stress, we have not
decided to do it, but we do understand.
Our obligation is, to is to really get to the bottom and
understand both the technical and the policy issues that need
to be answered, okay? Ladies, ladies and gentlemen,
that is a declaration of war. Make no mistake.
That is a declaration of war. He's trying to lie to you,
straight to the face. And he's telling you he's
letting you know that your Bitcoin is not a store value,
you're not seeing what's there, if that's a lie, what?
Your eyes are tricking you please by the slave money, which
are Central Bank, digital currencies, that is a store of
value. Unfortunately, for Jerome Powell
like always simply break coin brings the receipts Anyways,
let's start off with Russia, shall we?
This is the rubble, the rumble and I'm sorry, the ruble, I
apologize. That's an all-time high.
And and again, if you were stored to use his words, right?
If you are storing oh, by the way, it's an all-time high and
the ruble which means it's actually the big clock.
And for anyone who's neutered, huh?
No, bro. It is an all-time high in the
ruble. For anyone who doesn't know
Satoshi the Bitcoin chicken clucks?
Every time, the price of Bitcoin reaches all type right not and
Fiat u.s. Kaka dollars but in the Russian
Ruble it did reach an all-time high anyways.
So let's fact-check Jerome Powell.
Once again this is that's not as shit coin you're looking at that
is the United States dollar versus Bitcoin and it has gone
On 97.48 percent in the past five years.
If we Max it out it has gone down.
Ninety nine point one five percent but if you were to
listen, what Jerome Powell is trying to tell you, he's trying
to tell you that it is not a store of value.
In fact, if you would have stored your value in the dollar,
it would have lost ninety nine point one, five percent, and he
also wants to Let you know that bit that digital assets Bitcoin
is not a store of value but the government-sponsored shit coin
Central Bank digital currency that he's he's trying to get you
to believe, like oh we're going to check all the boxes and we're
going to make sure it's not used to spy on you and abuse you and
all that. That is going to be a store of
value. These people are full of shit.
They're full of shit, you all. It takes is 30 seconds to verify
what they're saying, and it's completely Raw.
Wrong. We have our sources down below.
Feel free to fact. Check this in the comments, but
there it is. Search it Bitcoin verse USD or
USD verse Bitcoin on Google. It's now ninety nine point one,
five percent. So if you were to listen to
these people, that also told you that inflation was transitory,
you would, you would be right now.
You would be hashtag wrecked. These people don't have your
best interests at heart. This is why we must separate
money from. State.
These bureaucrats have absolutely lost their minds and
they have no problem lying to you lying to your face.
If it means they retain some power themselves.
Fuck these people opt out Bitcoin fill Dam.
That's spicy. Start us coming back, man.
Good stuff. Good stuff.
Okay so look - 99 Point, fourteen percent that we fight
for it. 15.15. Fill my bad, my bad.
That is Equally as bad as any shit coin that that was the
that's been minted in, you know, since since the theory of had,
you know, since the theory of has started, like if you think
about it, right? Like that is just the most
absolute biggest nonsense there is and I also just want to point
out. Right.
What's really scary? What's really scary is that he's
trying to convince everyone that the government backed currency
is somehow better and more stable.
When here we are actually able to To show the receipt of its
value, drop that much against something that supposedly is
just a speculation and isn't real, okay?
It's I just find it. And you know what's also
interesting though? If you think about it, this is
Jerome Powell. And he's also calling gold to
speculation now look by no expense to the imagination.
Am I a gold-bug? Okay, I don't really care about
gold but gold compared to the u.s. dollar.
Gold is better than the US dollar, you know, the in terms
of holding. But It's interesting that he
just brushes gold away into that category and then shoves Bitcoin
along with it and then proceeds to then shill a CBC shit coin.
Hmm. I think about like totally
shamelessly, like, these things that are happening in the free
market, okay? That are, that are being decided
upon by the free market that don't have any of our control.
These things are not real, but this thing that we control that
Complete garbage. Sorry not complete garbage.
This is real. Like think about how psychotic
this is. Like how do you reconcile that
as a person? How does he even reconcile that
like you? I to me.
I think he knows he's full of shit.
That's what I think he knows. How does he not know, right,
he's drinking the fucking Kool-Aid, bro.
That's what I know he's doing. I know it's their incentives,
right? I know it's their incentives,
but still write. Like, at some point you need to
know that you're just full of crap.
Nah dude, he's drinking that fucking Kool-Aid hard.
Dude, he doesn't fucking cared. That's what I'm saying bro.
Like that the you know, and I think so Satoshi was really
smart when he identified this it's like dude if the incentives
are just not aligned like these people.
And again it and you know, who I heard say this fill, it was on
dries Antonopoulos and he said it perfectly and he said it one
of his lectures before he became a shit going her, it's not that
the central Bankers are evil. It's that they're just following
their own incentives. The problem is that their
incentives heard. Everybody else verse the Bitcoin
system, your your incentivized by greed by following your own
greed. But by following your own greed,
you actually make Bitcoin stronger and in the process, you
help everybody else. Right?
The miners are just pursuing profit, right?
These aren't you just aren't you're not supposed to trust
them. It's you know, this is the
benefit of a trust minimize system, right?
But in the process of then Mining and then Rewarded for
that they may pick coin stronger. in the central banking
system, the Fiat system its They're following their own
incentives, which benefit a few Elite group of people, the
continuing errors, and everyone else gets fucked.
So it's an unjust system. Bitcoin is a better system
because everyone prefer pursuing profit helps Bitcoin.
And in the in the process helps everybody else were in the
Central Banking Fiat system. These are people pursuing their
own incentives just like in Bitcoin.
But in the process they heard everybody else.
Right? One system creates Elite sack
until another class another system.
Everyone's equal, right? It's and this is what we're
fighting for every Reagan them seriously anymore.
Dude, I did, they take themselves.
So seriously, they smell their own farts, bro.
They have to have all this political power, bro.
These people are nutjobs now, they want to go to war, like,
what the fuck is going on, bro? You know, it's just crazy, it's
crazy. Just have like two years that
disappeared because of something that happened.
And now all of a sudden that thing disappeared and now it's
war time. Oh no bro, you ain't hear
pudding pudding. Cleared cured the virus.
Oh, yeah, that's what it is. That's what happened.
He's gonna get inaudible Nobel, Peace, Prize or whatever for
curing the virus dude, you know, it's so funny dude.
Like all the empty all that on, all the NPC's are like chain
diapers war with Russia. Like it's so stupid dude.
It's so stupid. But anyways, Phil it's time for
the daily fail. Brought to you by Amber app.
Check them out. Amber dot app.
It's Bitcoin Made Easy, Fair, spreads loaf.
He's Automation a Bitcoin stacking app by bitcoiners.
The link is down below. Smart ways.
That sounds. Alright, guys, we're back.
It's been like five. What is it?
Like, five days at least Nico. There's been a lot of frickin
fails. Okay, so bear with me.
We're gonna start to cover them. Here we go.
We're going to dive into the first one just a quick
commentary incentives. Matter, coinbase made 2.2
billion in revenue from transaction fees and Or you want
to know why? There's no lightning at
coinbase? You want to know why they're
enemies of Bitcoin at coinbase. You want to know why Brian
Armstrong is just such an absolute scumbag piece of shit
CEO. There you go, because he is not
incentivized, not incentivized. In any way, shape, or form, to
help Bitcoin or to help the lightning Network.
The only way that he's going to do it is, if he's somehow forced
or his incentives, which again, somehow forced if his incentives
aligned with it. What are your thoughts, Nico?
Because really, I'm not even wasting my time going into this
article, there's no point. It's just a bunch of mangy, Rich
about what they earned. I don't care what they earn.
Do you know what? It reminds me?
When I, when I saw this, when I read this, when I read this
headline and I sent it to you, Just reminds me of one thing how
Banks make a fuck ton of money on overdraft fees.
It's the same. It's the same thing and there's
so many, there's so many exchanges actually subsidize the
fees, so it's a good experience for their users, right?
You have cash out. For example, you have strike the
church and minimal fees. What coinbase brings it up,
right? So again, it's like, it's like
you have the worst, a Fiat, which is what shit coins really.
ENT. And that's the ethos of that
kind of that company, dude. And this is why coinbase is in
cahoots with the government. This is why they have such
dystopian kyc where you have to send 3 months of Bank you know,
bank statements you have to you know do you have to take a
picture of yourself 100 times? You have to proof your foot,
prove your funds, like it's Insanity.
They also limit to how much you could withdrawal right from the
exchange. You can only withdraw. 5,000.
You know at a time I'm going base right?
Where other with other exchanges there's no limit to how much you
could withdraw. So again dude like it's like
it's and again why are they doing this?
Because shit coins, need the state to survive and coinbase
made their bet on shit coins. So dude it's just it's very very
unfortunate bro. It's very unfortunate and these
people are our enemies a Bitcoin.
I don't have anything else to say.
Yeah let's let's move on from that.
Just a nice quick fail. All right, so before we left
two-ton confiscated, will we somebody somebody tagged Us in
the issue that happened with meta, mask blocking users.
Now started to dig into the story about meta mask.
And then I got tagged by dot coin, I believe it is about
essentially, Joe Lubin having a having an some legal troubles
with consensus which he found enough for the people who don't
know who Joe Lubin is. He's also the co-founder of a
theory. Okay.
So and he's the one that actually founded consensus,
which I'm going to explain all of this in a little bit.
But I want you guys to understand before we dive into
the story, this story has legs because all of this is
connected. Okay.
Metal mask consensus, and in fira.
Okay, all of this stuff is connected and all of this crap
is owned by Joe Lubin and this ties into the Fiat banking
system and the censorship that's going on.
And it's if you ask me, Me shit. Coiners are literally mimicking,
the Fiat system, but like play-by-play.
I mean, it is just unbelievable and the mental gymnastics that
these people are doing to make themselves.
Think that what they're doing is revolutionary, is to be, it's
actually frightening, anyways, okay?
Have to give that I had to get that out of the way, because I
really did go through the story extensively, and I hope I can
make sense of it for everyone. Okay, here we go.
Venezuelan users of crypto wallet.
Madam asked say they cannot Longer access it users of meta
mask based in Venezuela say they can no longer access the popular
digital asset wallet. Okay.
So there's some censorship going on there.
Unclear at present is the extent to which the reported blockages
represented a tightening of rules with respect to other
countries sanctioned by the Us and other governments.
That's right because you see the shit coins their companies and
companies have a single metaphorical head you can chop
off as Nico likes to point out and Let's face it, if they
decide that there's a problem with who you're transacting
with, they're going to make it so that you can transact anymore
and they're going to force you to censor.
Anyways, let's continue on the inferior team said, via its
official account that in response to the concerns we've
been hearing, we want everyone to know that we corrected the
problem, so that many of so, so many of you have pointed out in
changing some configurations as a result of the new sanctions.
Directives, from the United States.
Their jurisdictions mistakenly configured the settings more
broadly than they needed to be. So they blocked people in
Venezuela randomly and supposedly they weren't supposed
to. This was our oversight and were
grateful that it was pointed out to us.
Once we determine what happened, we were able to fix the problem
and service has been restored. Okay let's just go take a look
very quickly because we're talking about these three
things. We're talking about meta mask
which is a shit coin wallet, that is a browser plugin.
Talking about consensus which is this shit coin development
platform that was founded by Joe Lubin.
We're also talking about in fira which is owned by consensus and
I just want to point out. Metal mask is also on by
consensus. So this is in fira, a website,
world's most powerful blockchain development suite.
And here you go, our suite of high availability, apis and
developer tools, provide quick reliable access to the etherium
and ipfs networks or the people don't know what ipfs is.
That's the network that hosts all of these bullshit and FTS.
Okay, just for relevance. Anyways, let's continue so Madam
asked for the, you know, just a quick explanation for meta mask,
what metal mask is a web browser extension and mobile app, that
allows you to manage your shit coin.
Aetherium private Keys. It keeps no information on you
and you retain all power over your crypto identity, but
interestingly enough, they were able to censor transactions from
Venezuelans. So they may not collect any
information but somehow they were able to Stop Those
transactions by default meta. Mask accesses the blockchain Via
in fura which is unavailable in certain jurisdictions due to
Legal compliance. Okay.
So you see what's happening here.
So Meta, mask connects to in fira.
All right, and in fira is owned by consensus.
Just keep keep the strings with me.
Okay, here we go. Now, thank you, dot coin for
tagging Us in this and indeed the plot does thickened.
What is Phil talking about? Out, consensus founder accused
of 39 million dollar fraud. Involving JP Morgan, you know.
JPMorgan you know Jamie dimon hates Bitcoin.
Bitcoin is terrible. It's garbage right?
But it's all but he's he's connected with the shit coins.
Anyways, let's continue on here. Consensus AG the company behind
metal mask and other blockchain projects has to undergo a
special audit after 35 of its ex-employees, making up more
than 50% of its shareholders, requested legal action against
the company on March 1st. Although the company is
headquartered in Brooklyn, New York at all.
So has a corporate office in Zug Switzerland.
So you guys are going to see this, okay?
This is also connected to. So, this is actually pretty bad,
okay? Because we always, we've already
shown you the strings that pull together, etherium to the world
economic forum. And here, this is another piece,
right? Where you have this is the quote
unquote main scaling layers of of etherium, okay?
We're talking consensus, we're talking in fear, all this stuff
that makes the etherium, do the crap that it does and These guys
are intertwined with JPMorgan and the traditional banking
system. So again these are not this is
not Freedom money, this is shit coins.
Anyways, as the founder of CAG Joseph Lubin is the majority
shareholder of both CAG and CSI. The letter stands for consensus
software Incorporated in charge of handling, intellectual
properties developed by CAG, which is consensus.
This includes two of its most successful products met a mask
and inferior. A tool for developing daps on
aetherium blockchain. So he owns this all.
This was dubbed project North Star, the transaction gives
JPMorgan, the world's largest bank, a stake in both met a mask
and in fira so they're there right away.
I mean, you're going to tell me that they're not going to be
able to stop transactions when JP Morgan is directly involved,
directly funding that development.
Anyways, this is scary stuff. The entire this is this is such
bullshit. The entire theory of ethos has
been built alongside decentralization when we've
already shown that 70% of their nodes, On Amazon web services
suffice to say the insolvent. The involvement of JP Morgan in
the ecosystems key cogs represents a severe erosion of
that image. No, no, make no mistake, we
always knew it was a total shit coin.
Okay, but check this out. This is some juice right here
with such a potential roadmap on the horizon for metal mask.
We may see a future in which a CB D c--, is the wall its main
occupant determining users purchasing habits while meta
mask becomes Is decentralized in name, only?
No, no, it's already decentralized in name.
Only don't, don't try to pretend.
But you see right there, there's the CBD.
See Creek and wait, it's not over yet.
This is another piece to the same article.
Consensus has a multi-year commercial arrangements with
JPMorgan and MasterCard and Commercial activity happening
with UBS. When we say that, this is an
extension of the traditional banking system.
We are. We're not lying.
That's what shit coins are trying to do.
They are absolutely trying to pull you into this.
Same levers of centralized control that we currently deal
with today with MasterCard as an investor consensus.
Engineers are using the quorum blockchain to build a permission
Network for Commerce and finance.
That's right. They are dumb enough, okay, they
have their. So it's so insane that they
actually think that they're going to trick people into
becoming prisoners of their Intranet.
Literally this is what they're trying to do.
I mean this is the way that I see it.
Okay, now check this out, this is consensus website.
Just to give you an idea, take a look at the products that they
owned all the products. I just mentioned to you, which
are quote unquote, decentralized.
I don't know how else to spell this out.
Really I mean this is complete nonsense, it's all centralized
garbage now we covered nunchuck already a week ago.
Two weeks ago this is from a Bitcoin company.
What? I just showed you right was all
those shit coin companies. Bowing their heads, right?
Bowing their heads to the banking overlords and letting
them stick their tentacles in there and you know, run amok and
as we can see start to censor transactions.
It's not decentralized. It's not Freedom money.
Remember the response from nunchuk?
We don't collect any user information Beyond email
addresses. We also don't hold any Keys,
therefore, we cannot freeze users assets, we cannot prevent
them from being moved, we don't have knowledge of the existence
nature value and location of our users assets.
This is by Design, but you see the shit coiners I consensus are
going to try to have you believe that they're building web three,
they're not building web. Three companies, like nunchucks
are helping to build web three. Bitcoin is the base layer of the
Reel. Web.
Yeah, there's other developers like pie block that are
developing decentralized, chat applications that run on
lightning. That is the real web 3.
This is garbage. This is permission intranet
crap, what happened to the intranets?
They are ghosts, none of them exist anymore, okay, I got
nothing else on this, man. I'm just disgusted.
I really it freaked me out. I didn't realize how this all
pull together, dude. I mean, look, if you're spot-on
fill in spot on, look at the end of the day, what is the goal
here? The goal is to separate money
from State. You cannot separate money from
State. Unless the money is
decentralized, because if it's not decentralized, the
government, the state is going to coerce it into an extension
of the current system. We have today, that is an
exclusionary system. That deems half of the world on
bankable, okay. So it's a system, it's an
anti-human system, it's an, it's a system of of that's it's a
system of exclusion, right? As much as they would like to
tell you otherwise, which is we've brought in the receipts.
We've showed you guys done. So many different episodes of
cases in Afghanistan. The cases in Afghan and
Venezuela, right? Venezuela was just mentioned
again, right? Just because you happen to be
born in Venezuela and IP address.
Now, you can't use the meta Mass wallet to, you know, deal.
Oh, with your etherium, right? And the meta Mass wall is is one
of the one of the one of the most popular ways to deal with a
lot of your etherium tokens. This is why open source has
important. This is why dissension Bitcoin
puts the centralization above all because there is no head to
chop off. There is no company to pressure
to censor other people. And he should coins.
They pose as decentralized. They pose as they have the same
technology as Bitcoin, but in reality, as soon as there's
pressure on top of them and the pressure is just going to
continue wrapping up as ngu technology does is saying what
is the first thing that they do? They fold.
This is why what this is, why one of the chair members of
etherium is on the world, economic Forum, their friends of
the state, they don't mind, they don't mind shooting Bitcoin in
the back. Mind shooting the revolution in
the back, if it means getting their Lambos, don't get
distracted, focus on the signal and the signal is Bitcoin.
But anyway, so it's time for the daily meme review brought to you
by Citadel, 21 is the best Bitcoin culture Rosine, it's
stories articles Comics by toxic Savage.
Bitcoiners this pier pleb signal and this scene every artwork has
diff every. Every copy has different every
volume has different artwork. There's only 1000 copies Made
per volume. So they're scarce.
Get your print of Seville 21 today before they ran out.
All right, the first meme is by run the bank's.
Shout-out fellow pleb giving your boss a formal letter of
resignation like a professional employee quitting by using a
meme. My last day will be the 15th
since. Yeah, Savage, they bought
Bitcoin. Okay.
Anyways, this is by chair Force underscore, BTC Bitcoin.
Can't fix everything. You're not better than me in
every way I can do something that you can't lull.
This, you know what? This is really, this is a redo
and it's awesome because I mean that's baby powder.
That's not that's baby powder. By the way.
Course, of course it is. All right, moving on by itself.
Banked concealing, airs, debt slavery, Fiat inflation covid
virus MSM, mainstream media, psyops War Bitcoin is your life
too. I would not I would stop calling
them mainstream media because they're not their legacy
corporate media. We are the Your media Joe Rogan
has 11 million average viewers on his podcast, which is why
they're trying to censor him and Tucker Carlson, which is the
number to watch show has 3.5 billion.
So Joe Rogan is Wrecking people, they're no longer mainstream
anyways, so stop calling him that anyways first meme ever.
But I couldn't find myself Peter Schiff, taking gold to Ukraine
to help ha ha ha. Oh man, that is hilarious.
The garden. All right.
Move on to next one by conspiracy bot.
Radishes are looking good. Yeah, ever wonder what's going
on in the city's. No, not really ha.
Ha ha, ha. Yeah.
Get out of cities boroughs and growls, get out of the Cities
boroughs and gals, like it's going doubt.
Anyways, and next one by Rasmus, experts are just propagandas who
are paid by the government's in global corporations to tell you
how to think beware of. I agree.
Listen, look, but the conspiracy stuff aside when someone tells
me they're an expert is Highly doubt what they have to say,
Phil. Do we call ourselves experts?
No, no, no, it's like, and you should do what we say, and
verify it. It's like, no, like no one's an
expert, the experts are always wrong.
That's the thing. If you want to listen to The
Experts about inflation, if you would have listened to the
experts about taking certain precautions for the virus, you
would have been catastrophically wrong.
So it's like it's like this expert stamp of approval like
no, I don't have it if anything, the last two years have taught
Trot us, not to trust experts, do your own research, look into
things yourself. Anyways, Phil you're going to
say something before I cut you off.
No, no, I was just totally agreeing with you and just being
like, look, you know, these experts, it's academic
expertise. So I understand that and I can,
I can appreciate that. But at the same time it's like
that doesn't all of a sudden mean that you're an expert in
everything and just because that you did something very well, it
doesn't mean necessarily that you don't have Continue to
research and continue to do the right thing.
So just having the stamp of approval of expert, doesn't
really mean anything as we've shown and not even that we've
shown as look with the, the proof is out there.
We're seeing it every day. I completely agree, scary.
So this is larious right? Then the bank's one.
And I mentioned this earlier, right?
That all of a sudden Ukraine's, the thing and then just people
are just forgetting about, you know, the freedom Convoy, the
Border crisis. Biden's, mental capacity, the
crime, surge Maxwell trial, inflation, high, gas prices.
Some interesting documents to say the least, something fishy,
that's funny because this is a picture from the most secure
election ever, Joe Biden, 80 million votes and you know,
they're putting the Ukraine fights.
Absolutely hilarious. It's hysterical.
Very good memes. Today will I'm in I'm very
impressed good choices for that bill.
I'm going to give it a very special to score I'm going to
give it a die because it's single.
It's singular that I got. I don't confiscate a bubble.
I'm going to give it. The one I'm going to give it a
nun. Confiscated will die, you know,
check it out. Very cool, right?
I love it anyways. What would you give those memes?
I am also going to give a very special score.
It was a present that you gave me that you got a ton
confiscated Bubble at the poker tournament.
That's right. That's right.
So Bounty cards. Yeah, somebody did very well to
poker tournaments, not me. I don't play cards.
I suck at cards. I got eight place out of 100 but
Is to give Phil. Why don't you show it?
So I could explain to everyone. Okay.
Okay, okay, so it was the Joker poker tournament.
That tone vase throws for on confiscated able, you know it,
the the ending, if you want, it's like one Bitcoin prize.
But if you took somebody out, you got one of those Bounty
cards on each Bounty card. There's .0001 Bitcoin, on them,
and I got three and I gave one to fill.
So, some backstory on there. And of course, guys, you know
what to do. Make sure to subscribe to us an
alternative video platforms. Be Because we to talk shit about
these powerful Central Bankers like Rumble.com and our personal
favorite Bitcoin tv.com, they don't and Bitcoin tv.com.
Yeah, they don't censor their because Bitcoin TV and of
course, make sure to subscribe to us on our telegram Channel
and you can link us some dank Bitcoin memes to review so we
could review them on the Bitcoin member of you.
Yeah. But anyways, Phil it's time for
the Daily News brought to you by crypto.
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cloaks.com, like I predicted last week.
Like I said, I specifically said they are going to use the
situation in the Ukraine to try to attack Bitcoin and that's it.
Exactly what they're doing. Check out this article us
Democrats ask treasury what affects crypto assets half on
Russian sanctions and a letter penned to treasury secretary
Janet Yellen on Wednesday Senators.
Elizabeth Warren, Mark Warner Sherrod, Brown Jack, Reed
voiced, their concerns, that criminals and Rogue states are
using crypto as a new means to hide cross-border.
Transactions for nefarious purposes.
Oh my gosh. Goes on to say the letter also
provide specific examples of what the u.s. sees as the crypto
communities. Disregard for financial law.
One, such instances includes Mining, Company Marathon,
digital's refusal, and then backflip and may over its
decision to process. Transactions from wallet listed,
on the office of foreign assets, controls, specially, designated,
Nationals, and blocked persons. I told you this.
Here, you have Elizabeth Warren. Trying to fundamentally change.
How Bitcoin works by pressuring minors, specifically public
minors, which are the easiest, they're the lowest hanging fruit
to start censoring transactions on behest of the US government.
The ofac is the treasury. Financials intelligence
enforcement agency, focus on issuing enforcing sanctions
based on u.s. foreign policy and National Security objectives.
The cryptocurrency industry may not be fulfilling its
responsibility to comply with us sanctions.
The letter says ofac's October guidance notes that many members
of the virtual currency industry.
Implement ofac sanction policies and procedures months or even
years after commencing operations, but wait, there's
more. Senator Elizabeth Warren is
crafting legislation. She hopes will make it harder
for it to use crypto currency to evade sanctions.
The Proposal. Still in draft form has taken on
new urgency, as bipartisan concerns grow.
That members of moscow's, elite, might be able to sidestep
sanctions by using digital currencies.
It aims to force companies to choose between doing business in
the US, or with sanction, people, or entities threatening
secondary sanctions on foreign crypto exchanges That again this
is Senator Lindsey Graham. Cryptocurrency is rearing.
Its ugly head here. This is, by the way, this is the
same Senator that wanted to build a backdoor in encryption
so that the u.s. government could get access to your
messages. This is absolutely Bonkers.
Anyways, it will be extremely challenging to evade our
sanctions without detection. The official said well there are
some deficient exchanges that might be willing to offer
services to sanction persons and entities.
Disease. They will not be able to support
a large economy. Okay?
Guys, I want you to understand something.
When they say sanction, they mean people, all the innocent
people in Afghanistan. They mean all the people
innocent people in, in Venezuela, they mean, all the
innocent people in Iran. They mean, all the innocent
Russians that have nothing to do with the government?
They, they want those people other, they want those people
not to have the ability to transact, and this is why
they're so scared of Bitcoin. This is why they're attacking
it. Anyways, one of the draft
provisions and warns proposal would seek to make it easier to
verify the identities of customers and transfer to
private crypto wallets, which is what we've also been saying
they're going to try to demonize self custody because when you
self custody Bitcoin like I said earlier Bitcoin.
Meatspace regulations, do not apply to bitcoin.
So how do they try to kill it? They want to stop self custody,
they want your Bitcoin on an exchange.
Ange which they could regulate on a centralized exchange by
requiring financial institutions to keep detailed records and
submit reports to the treasury Department.
The treasury Department's Financial crimes enforcement
Network known as fincen is in the perimeter preliminary stages
of drafting, a similar rule, but warns bill would codify that
requirement. It's already happening.
Coinbase says it's blocking 25,000, Russia linked crypto
addresses, coinbase, indicated that the 25,000 blocked accounts
are related to Russian individuals or entities.
We believe to be engaging in illicit activity because they're
not engaging in illicit activity.
It's what he's trying to feed their family or something.
We believe they're engaging in illicit activities.
Here, here's a thread by Jake trevean ski and he says, Russia
Cannon won't use crypto to evade sanctions concerns about
cryptos. Use Force, Choose of Asians are
totally unfounded. They fund Ali misunderstand how
sanctions work. How crypto markets work?
How Putin is actually trying to mitigate sanctions explain to
begin. I want to express my strong and
unethical. Oh support!
Okay, you guys get it? Yes, we all support Ukraine.
I think what Russia did invaded as really fucked up.
Okay. Anyways, one way for the Free
World to fight back is by imposing severe.
Economic sanctions on Russia. Sanctions are a foreign policy
tool to use to influence the behavior and diminish, the
capacity for an actor's. They seek to deter and punish
bad actors through Economic Consequences.
Here's how us sanctions work. First, sanctions must be
authorized by the president and executive order by Congress and
legislation. Second, the office of foreign
assets control, doesn't a specific targets for sanctions
individuals companies, government's ofac ads Targets.
This is what we were talking about this to be most affected
us. Sanctions laws are extremely
broad, right? This is what I'm told.
This is what I'm talking about. They have to be brought by
Design but Dem being broad, they hurt millions of innocent
people. First, Russia's access to global
payment network has nothing to do with the globe.
Of primary sanctions cutting Russia off from the US economy.
It's illegal for us, persons to transact with SDS DNS period.
It does not matter. If they use dollars, gold
seashells, or Bitcoin, us persons around the world are
cutting ties with Russian SD and right now, regardless of what
payment system they were using, probably there is zero reason to
think cryptos existence will convince any of them to
willfully violate sanctions laws.
What about Swift? Swift is a messaging service
that facilitates interbank transactions, kicking Russia.
Banks off switch will make it harder for them to conduct
business but it's not the same as Banning Russia from the
Global Financial system. Rather as widths primary
sanctions, the goal is to deprive Rush of services offered
by the Free World. Swift is a service, Russia
doesn't get to use it anymore. That's the same Sankar crypto
works the same way. U.s. crypto companies offer a
variety of services. Russia doesn't get to use them
anymore. That's the same thing.
Just as with all us goods and services, Russia's ability to
use the underlying technology. Doesn't let them evade the
sanction in any way. Can crypto mitigate By offering
an alternative to Swift. Not really if Russia wants an
alternative they're far, more likely to use China's cips,
which will cover tomorrow. By the way guys, then a public
network. They can't control.
You get it, get it. These Psychopaths.
They're not talking about cutting Russia away from us
companies, which is what sanctions are intended to be.
They essentially want to completely destroy Russian
people's ability to transact with anybody.
This doesn't work. They're just gonna find an
alternative. By the way, they've already
found an alternative, which is the equivalent of visa and
MasterCard, by the Chinese version of it, and the Chinese
version of the Swift system, which by the way, in the process
destroys the hegemony of the u.s. dollar.
These. Politicians dude.
It's not even about it's not enough cutting them from us
businesses because that in itself is catastrophic, They
want to destroy Russian people's ability to transact period.
Even though they have nothing to have no responsibility for what
their government does. By the way, the u.s. already
does this to Iran to a Venezuela to Cuba, And none of those
countries have had a regime change.
Dave, just figured out a way around it.
This is about control, this is literally about control, it's
about nothing else. This is this is this is Bonkers
for this is Bonkers. And again it's not useful for
Putin. Why is it not useful for
Britain? Because he's not gonna be able
to control Bitcoin just as much as Elizabeth Warren isn't going
to be able to control Bitcoin and if you can't control
Bitcoin, then you can't manipulate the monetary policy
to your advantage to fund your Wars and all your bullshit.
So dude, we have a hell of a fight in front of us.
Like I predicted last week. This is exactly what their dude.
They're capitalizing on the crisis.
In Ukraine, to try to go after Bitcoin.
Of course they will. Let's see what this executive
order and Biden will be according to Senator lummis.
It's just going to be some studies to get all the executive
agencies all in all in one. Go to try to coordinate to try
to regulate or to try to study it.
But again I think His last sport, I'm going to make nation
states and their leaders are going to have to come to terms
with the fact that you can't regulate the honey badger.
It's a parallel system. Outside of the Legacy system
that allows everybody around the world, no matter who you are,
what your skin color is, what your religion is to transact,
freely amongst each other. And on top of that, if you save
your wealth in Bitcoin, it can't be confiscated.
Can't be debased. And it's actually deflationary.
So, dude, like, what are they going to try to do?
They're going to try to convince people let use our Central Bank,
digital currency so that we can steal from you to pay for our
cell to pay for the bureaucracy. And by the way, you can transact
with whoever you want. Like I think they're fighting a
losing battle, but I think their egos.
And I think the fact that they've been, they've spent so
much time. Being able to control people's
money, does it allow them to understand?
What's that? And here doesn't allow them to
see the paradigm shift. That is happening.
My thoughts that that was just enraging.
That's all I have to say going through.
That was absolutely. I can't believe I shouldn't say.
I can't believe. I'm not surprised but at the
same time I'm extremely disappointed.
So look, I find, you know, this whole thing with with Russia.
Supposedly using crypto currency to get around these sanctions.
I think you make a very good point, right?
Putin can't control Bitcoin, right?
The u.s. can't control bit And as we've said before, you can't
separate freedom from Bitcoin. Okay?
So we understand all these aspects.
And you know, what? We've seen.
We've seen one attack after another, this year, right?
The ESG stuff was pretty strong. Okay?
For a while and then it cooled off.
And now we've got something new, right?
We've got what's going on in Russia.
So now this is where they're turning up the noise on this and
Damn it. I lost it.
All right. I was totally drunk.
I'm like, they're okay. But what was what I was trying
to say was, was that okay? They paint the politicians paint
with a broad brush. And right now, I'm obviously
painting the politicians with a broad brush, so that's not
helping either. But what I'm trying to say is,
is that like Nico alluded to, we are punishing everyone, we are
punishing everyone for the crimes.
Of very few. So it's absolutely, I think
it's, it's really disingenuous and it bothers me a lot when I,
when I see politicians talk about these humanitarian efforts
because I, you know, I mean, look, don't get me wrong, you
know, Elizabeth Warren, you know, and the Democrats talk
like, you know, not. So I'm not taking a stab at the
Democrats. I'm just saying, Elizabeth
Warren, specifically. You know, like talks a lot about
humanitarian efforts, but at the same time, Uses this false
narrative to essentially try to block true Freedom money, only
because their incentive comes from the fact that they need the
money printer. So they pretend that they're
doing good things, they pretend that they're helping the world,
but really, it's an incredibly exclusionary system, okay?
And everybody is essentially walking on eggshells, and that's
the way I see it. Like, I do see it as an
exclusionary. Um, you know, you're just,
you're just not in. And as a result, you know, as
you were pointing out from that thread from Jake chevensky, like
you're just outside of the system, you just other, you
know, this is what ends up happening.
So this is anyways, this is really scary stuff and this is
absolutely. The, then they fight you stage.
But look, they really can't regulate Bitcoin as we've
alluded to multiple times. They can only, they can only
regulate the, on, and off ramps. They can definitely cause some
short-term volatility in the The price because of perception.
But at the end of the day, another block is going to get
mind. And Bitcoin is going to live on.
They truly cannot stop Bitcoin and they know it.
Yeah, they absolutely know it, they know it and they freaking
out and the question that I want to leave to you guys is, do you
want to live in a world because these are two options you want
to live in a world where a group and Elite group of bureaucrats?
Get to decide who gets to transact with who?
Or do you want to live in a world where it's an apolitical
money that allows everyone to transact with anybody freely,
right, that that that's essentially, the question that I
have to leave for you guys. We fundamentally believe that no
one should have the power, even with the best intentions have
that much power to get to decide who is other, and who is not
other very fucked up, it's a system of exclusion, right?
So anyways, that's the last thought that Want to leave for
you guys. And like I said, this is going
to be a hell of a fight, get your Bitcoin off the exchange
because if it's on the exchange you're powerless and this,
right? But anyways, Phil was an open
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