Welcome back, everyone. It is the weekend recap of
Simply Bitcoin and what a weekend it's been.
We break down the news. The daily fail mean review,
software releases Hardware, releases, and the pledge sites
joining us today, right? The new addition to Simply
Bitcoin and the co-host of Bitcoin kindergarten I'm talking
about. Thomas Fields, Optimist, welcome
back. What's up, Nico?
Hi guys, I have a better match this week.
I'll be able to talk so he will not be passing out during his
segment, okay? All right.
Let's dive into the numbers. Here we go.
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unspent capacity for that pool is 4600 and 994 that that jumped
over 100 BTC Nico. Since we are almost 100 BTC
since we last reported it. Absolutely, man.
Wow, brutal. Brutal weekends.
That's just how it is. You just got to hottel, take
advantage of these lower prices. Anyways guys, I want to do a
follow-up. This is going to be the fourth
time. We talked about this.
If you guys have been living under a bridge, the B
Administration announced a the Bureau of misinformation, right?
It's going to be, it's going to be a branch of Homeland
Security, right? And it's absolutely dystopian,
right? It's the ministry of Truth.
The government is going to get to decide what is true?
Or not. Absolutely scary, but it's being
brought up in Congress. Check out Senator Rand Paul and
he questioned the viability of a Ministry of Truth by the
government. Anyways let's check it out.
Do we have policies? Do we have guardrails?
Do we have you been? Here's the problem.
Where we can't even agree. We can't even agree.
What disinformation is is you can't even agree that it was
disinformation that the Russians fed information to the steel
dossier, if you can't agree to that, how we ever going to come
to an agreement on what is disinformation, so you can
police it on social media. Thank you, God.
No idea what just information is and I don't think the
government's capable of it. Do you know that the greatest
propagator of disinformation in the history of the world?
Is the US government. Are you familiar with McNamara?
The Pentagon papers. Are you familiar with George w--
Bush and the weapons of mass destruction are, you're familiar
with Iran-Contra. I mean, think of all the debates
and disputes we've had over the last 50 years in our country.
We work them out by debating them.
We don't work them out by the Government being the arbitrary.
I don't want your gutter guard rails.
I want you to have nothing to do with speech.
You think we can't determine you know, speech, by traffickers is
disinformation, you think the American people are so stupid?
They need you to tell them what the truth is.
You can't even admit with the truth is with the steel dossier.
I don't trust government to figure out what the truth is.
The government is largely disseminating disinformation and
he doesn't even know what the fuck to say, dude.
Just like look at the look on his face, man.
And it's actually Absolutely terrifying.
Now, here's the thing, right? I honestly, remember, before I
read this post, I was just like these people are maniacal.
These people are just like, you know, they just, they want to
tell you the truth, but in my opinion, I was like, dude that's
impossible. Why is that impossible?
Like it didn't make sense. But when I read this post, it
absolutely made sense. It's all about power.
Check out this 4chan. Post the purpose of propaganda,
right? Which is what the essentially,
the ministry of information would do.
At least in its late-stage form is not to inform you, which
makes sense because it's so outlandish their claims, right?
This is misinformation, this isn't whatever that inflation is
transitory, right? And this post made sense of it.
All right, so this is the purpose of propaganda at least
in its late-stage form is not to inform you or deceive you or
even manipulate you, it's too, huh.
Millie, who humiliate you? Its purpose is to be so
outlandish, so ridiculous. And so blatantly untrue, and yet
totally undeniable in. Order to reinforce the power of
the state. The Soviets referred to it as
hyperrealism that is the state of everyone's saying things that
are completely false and that they know to be false but which
they cannot deny. The supermarket shelves are
empty and bread line stretched around the corner.
But the newspaper report that the years agriculture quotas
have been exceeded once again. And then everyone is forced to
repeat this lie and thus, they become complicit in it, it is a
system of total social humiliation.
And control. And here's an example, I'm, I
can't read that because it's part of the virus stuff but
just, let's talk about other economic issues, right inflation
is transitory the thing that you're seeing with your own eyes
is disinformation. It's not real in the last two
years. I'm pretty sure if you guys
haven't been living under a bridge, you could think of a
couple examples of that, absolutely dystopian super
scary. And that post, really explains
it man. And look at that.
Look at that guy's face. Majorca is the head of Of
Homeland Security. When Ron Paul literally was
giving him factual examples and he has the hubris to be like it,
but this time is different. It's, it's absolutely crazy.
And remember what happens when Central Bank digital currencies
are implemented, the same type of bureaucrats are going to be
in charge of that, and you're trying to tell me that they're
not going to censor the money. We need a political unsensible,
money on the base layer, so that if people like that, get in
power, they can't Touch it. Anyways.
Phil what are your thoughts? It's really interesting point
about this in the about this information in the late stages
just being about humiliation because if you really think
about it, it gets to the point where it may not be the point of
confusion. But while this information
humiliates, you it also Rob's people of their confidence,
right? That Rob's people of their
confidence and it robs people, I think of, of just being a human,
right? It it's actually He humanizing.
And, you know, you're at the point where it's exactly, you
gave a great example with with the transitory inflation.
Like you you honestly you start to just believe that the
government thinks that you're just an idiot, you know like an
is this real and it's exactly what it is.
It becomes hyper realism and I'm very afraid that in the last two
years. Like you said, like we are
starting to reach the beginning of that Peak.
Okay? Like I think some things that We
that people don't realize is that you know when when things
happen right? They happen in waves but as that
wave is building up there's a pendulum sway, okay?
And as that pendulum sways, it continues upwards, right?
So it goes down a little bit but not as low as it was before and
then it picks back up even higher.
And what this has to do with is it has to do with the pickup in
misinformation in this hyperrealism, okay?
And so maybe right now, you know, we kind of hit a trough
where it's like, it's coming. Back down but just wait it start
its building back up again and I honestly think that it's only
going to get worse because really people look people in
their everyday lives. Think of what we just went
through for the last two years. Do you think people have the the
average person that we have the capacity to Wade through all of
this information? Figure out what's true?
What isn't? I mean, everybody's just trying
to figure out how they're going to put their lives together and
how to get back to their families and how to you know
pretend like the last two years didn't just robbed.
Them of everything, right? Like it's, anyways, this is
scary stuff and good for Rand Paul, right?
At least somebody is saying what other people are thinking.
Yeah. At least we know that it's not
all hyper realism in politics, right there?
At least there's some sound like, you know, saying people
laugh, but it's absolutely terrifying Optimist.
You're an optimist. Are you optimistic about this?
I mean, I am optimistic in general.
But man, that that quote, about hyperrealism in and Russia.
I don't know that really hit me because I've been having that
same feeling recently the past cut, like six months to a year.
It's like man like how is it that only bitcoiners understand
what's going on and then we get gas lit and we see the media and
everyone's against us and it's like wow this does all seem
extremely funny. It's all fugazi.
And it's like you were talking and it just I keep hearing the
Big Brother quote, like they keep the party told you to, you
know, forget what you see with your eyes and your ears.
Ears and believe the party line. And I feel we are at that point
right now because a lot of people in normal and are not
living in reality and you can obviously tell that they're, you
know, feeding the party line, you know, through and through
there, listening to the media, they're completely brainwashed.
And they will believe anything that the authority figures, tell
them and it's really terrifying. But, you know, this is why we do
the show. This is why we do everything on
Twitter is to fight The Narrative.
So Bullish on bitcoiners and Bitcoin.
Obviously we fight the narrative with facts with sources, right?
And they just they even if they get caught they Gaslight us.
And now we know why it's not so much to debunk what we're
saying. It's just to show that the state
controls it. This is the state's official
narrative. This is the state's power and
you have to believe it, you know, it's just opiate.
I can't believe we're living through a time like this but
anyways Phil it's time for the daily face.
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house as an escape from soaring rents and real estate prices.
That's right folks, instead of figuring out how to It's the
broken money and how to actually make everybody's lives better
for longer looking forward into the Future.
Let's just crammed everyone into smaller spaces.
Let's let's just have everybody let's just have everybody living
through the revolution of Lowered Expectations and and
cheering right? Like cheering while we go into
it. Any thoughts on this?
Yeah. Remember they even tell you dude
they want you to eat bugs. Live in a paw, do nothing and be
happy. And this is exactly what's
playing out and You have a way to opt out of it, and that's
called Bitcoin which is why they attack it.
The way they do, this is absolutely terrifying.
I don't know who even in my early early to a Mite late
teens. Early 20s I would not want to
live in a pot of it's a bunch of strangers row that looks so
comfortable and cozy if I had it to myself if I had it to myself
maybe so what happened? That little box to yourself
right there look you can see it. So do you just hear a few people
fart and stuff at night? Like it's so crazy.
Easy dude it's minimal and Chic Nico.
Come on Whittington and style. What if you have your partner
over for the day? They what what happens when you
listen, listen, when you're living for everyone, there's no
Partners, there's no Partners they in pods like this.
Something else happens. It's called a struggle snuggle,
okay? That's what happens in this
thing anyways. Alright, moving on nobody wants
to leave this world lights. What we want?
Jail jail, at least you got a A cell makes you're gonna toilet.
I heard this is awful. Okay.
Anyways, moving on, nobody wants the Pod life where opting out of
the world economic forum and their master plan.
We want nothing to do with this. Let's move on from this horrible
stuff. No weekend, a failure.
Let's dive into it. Boomhauer PRC 4626 could fuel
the next wave of shit. Coining and rug pulls.
If I hit my giant frickin glasses into the mic, one more
time, I'm gonna freak out. Here we go.
I don't know why all of a sudden I have the mic in this other
position. I don't know what's going wrong.
Okay. It doesn't matter.
Let's dive into this. Here we go, right?
The ERC 46:26. What am I talking about the next
wave of defy? Here we go, people hold on to
your hats. That's right.
We haven't had enough with the rug pools.
We haven't had enough with the with the nft S.
That's where you're buying a hash that are going nowhere that
we already destroyed several you know several times.
Here we go the next wave since the explosion of decentralized
Finance in Mar 20 2016 9 sep 2014 19 murders user deposit
funds to a platform such as the lending protocol compound and
get rewarded with a share of the profits as their deposits are
loaned out. Doesn't that sound amazing
compound was read seven million dollars.
Okay sounds great right decentralized Finance but yet
somehow this centralized platform got rug pulled and 147
million dollars disappeared. Okay let's move on.
You'll farming was less attractive to individual users
without significant capital or knowledge of the concept, which
led to the introduction of yield.
Aggregators sets of smart contracts.
That pool user funds and optimize yields.
These quickly became known as vaults.
Now we're going to just go right back to the wrecked leaderboard.
I did something for everyone I added up.
Okay, I added up all of these projects on the wrecked
leaderboard. Okay, there's 89 projects.
We are talking. Over 3.4 billion dollars of rug
pulse. Okay, just think think about
that. So, when you think about the
word vaults, I just don't picture 3.4 billion dollars of
rug pulls in these vaults. Anyways, these vaults lacked
implementation, standards off. That's the problem, which led to
multiple complexities yield aggregators.
Vault lending markets and Native yield tokens were always
implemented with slight variations.
It was difficult to build apps on top of the vaults and it
created the potential for security vulnerabilities scale.
Is also limited. So, this is the problem.
Guys, we had an issue. We released it.
Anyways. You all got rug for over 3.4
billion dollars, we're sorry. But look, we've got this new
thing, this thing is gonna fix it.
We're going to patch this up, okay?
So and aetherium proposal created on December 22nd led by
FEI protocol founder. Json Taro set out to change that
enter It's 46:26. Now why is it important that the
person that led the FBI protocol, put in this proposal
that's going to fix this problem.
This is why it's important, because I'm scrolling, I'm
scrolling. That's right.
We're going up on the board because they are number 10 on
the leaderboard for 80 million dollars in Rod pulse.
And here we go. April 30th 2022.
We are aware of an exploit on various rare, refuse pools, we
have identified the root cause and passed all borrowing to
mitigate further damage to the exploiter please accept a 10
million dollar Bounty and no questions asked if you return
the remaining user funds. Now let's go back to the
etherium Improvement protocol that this person who their own
project got rug pulled is putting forth.
While the proposals main goal was to establish robust
implementation. Standards for the vaults, 80
million dollar rug pull it. Also outlined the potential
security implementing implications of Vault, lacking a
specific standard. So the person who got rugs is
going to put in the standards establishing standardized
vaults, open up new possibilities for
interoperability between different protocols and we go
back right here. Again one more time guys 3.4
billion dollars of rug poles. So this new proposal that's
going to introduce these vaults, this special mechanism that's
going to fix the vaults. I'm pretty sure we're going to
be reporting on it in the next three to six months.
Once people start to roll crap out on this thing and they start
to get rug pulled, don't be fooled, okay?
This is going to be this is going to be the new thing very
much like the old thing. Anyways, Nico dude, I just like
they just have to keep coming up with more stuff.
It's like the ERC 20 tokens on. Oh, we need the 4626 now even
though it's gotten rug pulled already, it's like you could
trust us now. Dude, it's just a bunch of dog
shit we've seen this over and over and over and over again.
And hopefully some of you guys watching because I see it in the
comments all the time, right? We got a question the other day.
Hey, Show. So are you should only buy
Bitcoin? Yes.
Everything else is centralize
everything else. You depend on a human being to
play by the rules, right? So don't depend on a human being
don't trust. Anybody, get yourself some
Bitcoin taken into self. Custody problem solved.
Optimus, what are your thoughts? Well, I am literally in shock
right now at how much money has been lost in drug.
Pulls three billion dollars. That's absolutely amazing.
And also just Horrible to consider that.
That money could have been used way better on bitcoin, but hey,
I'm not here to nitpick and guys, I just was reminded of the
classic vitalic, medium of. Okay, guys, can you just stop
trading please. And then, of course, them trying
to bribe the hacker to give the money back like, hey, you can
have some of the money. We'll just just will give us
give us some money back, guys. It's it's a shit show guide.
It's amazing. It's just just think of the
irony though. Okay?
Sorry, Nico just quickly, just think of the irony the the
person who started another project that got rug pulled put
together an improvement protocol to make vaults safer when when
literally and just a just add it's actually three point.
Six six eight billion dollars of run almost four years.
It's absolutely crazy. And the really sad part about
this guy's is that it gives Bitcoin a bad name because for
anyone who's not initiated into this, right?
It gives fuel to the European Central Bank.
It gives fuel to the the the fat fuck the financial action task
for it gives fuel to the politicians like Elizabeth
Warren in the United States. That are saying cryptos too
risky. Yeah, the right crypto is a
scam. Bitcoin is not but they don't
they combine the two, right? So it just gives Point a bad
name and more importantly they attack Bitcoin right?
It's just a scam man stay away from it.
If you're a beginning, it's really hard.
Not to like you know, dip your coil dip your toes in the shit
coronary. But when you get rekt, you
remember me cofilin? Optimus anyway, so it's time for
the daily meme, review brought to you, by Citadel 21.
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Phil I've been here I know you've been here Optimus you've
probably been here guys in this. Thank God.
Phil told me this right? Most bitcoiners I've talked to
started and shit coin. There's nothing wrong with that,
right? Because you don't know any
better, but if you still been in shit coins, After a couple of
years, what's that saying? Shame on me first the same on
you first time, second time, shame on you and shame on me.
Yeah, you get it. Anyways, no shame.
We've all been there, when you're, when you first discover
altcoins, I want to know who the bitcoiners.
Are that skip that, right? It's very rare that most shit
most bitcoiners start there. Okay.
Anyways, next one, bye. BTC Padre.
Hope you have more liquidity and on plebs 34k.
Yeah, cash is King. Cash is King with the dips, man.
All right, here we go. Solomon Ultra, get your Bitcoin
into self custody. Absolutely new bitcoiners one
hour before their coins. Often exchange repeat.
After me, I am who I am my own bank.
I will think like a bank. Two weeks later.
I told you I'm the baddest bank. That's great.
That's a great mean Solomon. Writes got out to you, buddy.
All right, next one. Bye.
Matt, James. What is my purpose?
I exchange you for SATs. Oh my God.
All right, we're going on by a shout-out Walton Bitcoin is
Kenny. Oh my God, they killed Bitcoin.
You bastards. This is amazing.
I don't get it. Are you okay?
So so hold on. So for South because he doesn't
care, he dies, you die. Dude, that's a that's a great
one dude. That's amazing.
Yeah. Forgive me for not understanding
South Park, Lord, but I remembered it, I remember.
I was like, oh, that's right, cause it's just not a Timeless.
You know what I mean? Like you have to understand the
South Park lore, so yeah, I get it.
You shit. Fish here is Roger psychopath,
definitely a Bitcoin. ER, V Kenzie and Friday, a meme
a week until the clown is dead, Kenzie and economics.
The idea that an entity that produces nothing can boost
production. It's true, man, it's crazy.
It's like let's print more money that will solve all issues.
Its absolute clown world. You could save yourself a
Bitcoin, awesome memes. And for that, I'm going to give
it a new speaker that I got. But check this out.
Look how addicting the sound is when you turn it on?
All right. What would you give those memes?
Phil, I like that. I like that kind of wanted to
hear it again. Okay.
Anyways, you know me. All I've got left are stickers
here? Alright, so here we go II.
Don't know what Booth. I got this from but this honey
badger Bitcoin sticker. Cool honey badger, dude.
Anyways, Optimus what would you give those memes?
All right, shout out to that. Rick and Morty.
One about the dollars, only point of existence is to be
exchanged in the SATs that that's a that's a banger for
today's mean review score, I have this hot pink, 3D printed
Spectre case that I was gifted at Miami Conference by Richard.
His Twitter is, what is it surface?
Plasma shout out to you bro. I still haven't made it yet but
it will get made soon enough. Awesome scores, man.
All right we came through on the on the Monday.
Show The Weekend Edition or the Sunday edition?
I don't know. Anyways guys, we want to know if
you agree with our scores, you disagree, let us know down in
the comment section. Comment, comment comment.
Make sure to subscribe to us on alternative video platforms,
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That I'm sensor there because it's Bitcoin TV and make sure to
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It's a party. You can link us some tank tank.
Tank beams to review the second group.
So try it right now. Anyways Phil it's time for the
Daily News brought to you by crypto.
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online store, all right? Eyes.
Like we've been saying we've been making the case.
There is a Bitcoin is getting political it is political now
there's two sides, right? You have some Congress men and
women supporting it, you have some congressmen and women
against it, right? And it's just really interesting
how this is playing out. Anyways, I thought this was
insane, the fact that a senator or was was again saying that she
owns Bitcoin right as she holds it for retirement and check out
all the other things that she has to say as well.
She mentions how the u.s. government printing money hurt,
American citizens. That's that's the same.
Anyways let's check it out. I encourage people to buy and
hold, I encourage them to say Bitcoin for their retirement for
their future. And that's because as the
Congress spends trillions and trillions of dollars and is
flooding our economy on the world economy with US dollars.
There's no way that we cannot debase the value of US Dollars
and lemmas practices what she preaches.
She's an investor in Bitcoin as well.
I buy Bitcoin and I hold Bitcoin, you buy the coin?
Oh yeah, you have Bitcoin. I do how much the coins you
have. Well, I only have I think five
Bitcoin so only five Bitcoin but she bought them in 2013 for
about three hundred dollars each.
So she can now add a couple of zeros to that number and Wyoming
is in the process setting of setting up its own crypto
banking system. That llamas hopes will become a
model. I encourage people.
So right, you have Senator lummis, saying, yes, I encourage
people to buy it for Retirement because the US government is
debasing the currency. But you have some Senators that
are completely against that check out this Wall Street
Journal article. Senator Elizabeth Warren, we've
heard her name a couple times questions Fidelity's plan to but
Bitcoin in 401ks. Right, let's check out a little
bit of the article. I'm just going to read a bit
Senator. Elizabeth Warren of
Massachusetts and Tina Smith of Minnesota.
So two senators raise questions about a plan by Fedele's
Investments to let investors put Bitcoin in their 401ks and a
letter to the company's chief executive arguing that crypto
might be too risky and asset for retirement Savers.
And this is why I said the bit that I said about shit coins if
they keep combining shit coins with Bitcoin because Fidelity
didn't advocate for should coins Fidelity, advocating for Bitcoin
and 401ks. But here you have the the the
article saying it's crypto, it's not crypto, right?
Anyways, let's see. Let's hear what?
Some thought leaders in Bitcoin had to say about this, right?
We had James lavish on the other day so I could take all my cash
head down to the Bellagio and bet it all on black, no
questions. But if I want to allocate a few
percent of my 401k to bitcoin, Senator Warren, suddenly has a
problem. Here's Michael sailor.
If we believe in Freedom and property rights, we should let
adults make their own choices rather than tell them what to
think and how they should invest their money.
So Again, and we've been we've caught.
We saw a Smoking Gun in Europe when there is that leak about
European politicians are openly being hostile towards Bitcoin
and you know, supporting should coin like a theorem because the
proof of stake and proof of sake of which they control.
It makes me believe that Elizabeth Warren.
Perhaps, she's not being sincere, perhaps it's not about,
you know, worrying about people's retirements.
Perhaps it's about more so if people put their money into
Bitcoin, They take that orange pill.
Usually, when you take the orange pill, you start to wake.
Usually, when you're houghtaling Bitcoin, you start to wake up to
the money printing scam, right? So I don't know.
Matt that again. There's no, there's no concrete
evidence with Elizabeth Warren, it's just looking awfully
suspicious and I think it's absolutely maniacal in a country
like the United States for the government to tell you, hey, you
can't do this with the money that you earned.
And you spent your time and your energy on.
WE the government are telling you that you can't and cannot do
this with your retirement money. It's absolutely insane to me.
Right? So yeah, I think that's a signal
right there. I think the government feels
like they own you like that's what it tells me, right?
It's like you, it's your money why?
It's Bitcoin isn't hurting anybody.
It's not a drug. It's not a narcotic, it's not
anything crazy. It's not hurting anybody so the
government still doesn't want you.
By it's like when FDR made gold illegal like it's so crazy to
me. Anyways Phil what are your
thoughts? Yeah.
So couple a couple of points that that interview with Cynthia
lummis. Like so first of all, she docks
their Holdings, which is awful, but I mean okay like I'm not
blaming her for it but to me, the point of that is if you if
you zoom out and you take a look, what it really says, is
the the corporate owned media still sees it as a joke and they
see it as a collectible. And how many are you holding?
Why don't you tell me what you have in your bank account and
let's go through what your, you know what your credit score is?
All that good stuff, right? Like nobody does that.
So it's just again, it goes to show the perception that, you
know, these that particular reporter was at least seeing it
to me. Anyways, like a joke, okay?
Or at least that the corporate owned media sees it like a joke
so you know they're treating it like a collectible and that's
kind of crappy. Now, let's dive into let's dive
into Senator Warren's comments about Fidelity, right?
So Fidelity started looking into Bitcoin in Seventeen.
Okay, they started allowing they started wanting a day did a
small program to see which of their customers would be willing
to essentially make it so that they could manage their Bitcoin
Holdings on Fidelity. So let's take that into
consideration. They have over 40 million
customers, okay? They manage retirement accounts
for over 23,000 businesses. And you're going to tell me that
this flash-in-the-pan person that just shows up and is like I
think Fidelity should really look this over again.
Really you think Fidelity has no idea what they're doing or
really does this have absolutely nothing to do with Fidelity and
it has everything to do with hampering as much as you can the
adoption of Bitcoin. Because again, right?
Don't forget. She's one of those.
You know, she's one of those people that loves the money
printing, right? All of the problems get solved.
As long as we continue to print the money, And as a result, her
incentives along with other people that are incentivized
with the money, printer are incentivized against Bitcoin.
So you know what? I just think it's complete
bullshit. It draws attention to Fidelity
in a negative way for no apparent reason, when they've
probably been doing the most, like some of the most due
diligence. I mean, come on, back in 2017.
You're looking at five years already, you know?
And It's just again, it's I think it's, I feel like it's a
straw man argument on her part. You know, it really is
absolutely Optimus Optimus fields.
Are you optimistic about this? Well, I mean, Elizabeth Warren's
a joke and the nanny state is an even bigger joke.
And honestly like it, I'd try not to get mad anymore, but it's
pretty offensive for people like Elizabeth Warren to be out here.
Basically calling us all dumb because we don't know what we're
doing and that big many government knows better.
Like, she knows what's best for us and, you know, you should
just listen to her opinion because she is obviously more
informed than you guys are on the situation.
But this just shows me. There's they're scared guys.
They're absolutely terrified and they need to spend the narrative
in a way that the normies will latch onto like they pedal fear.
And that's just the game guys they're actors and And they're
just trying to trying to find the right line, so that it blows
up, and they could get a scene and divert attention.
So, 100 bucks, 100 percent of what Optimus at Phil, go ahead.
Sorry, just quickly, I wanted to say, never forget, it's always
under the guise of taking care of the little person.
Where were these people, when in 2000 and in the 2008 mortgage
crisis, right? All of these, they knew that
these mortgages were terrible. They knew that they that these
people could not afford them and Yet they package them, they
resold them, they let people put their retirements into them,
never forget that. Okay, absolutely, absolutely
feel. And and I remember reading this
somewhere and it just struck a chord with me, like gold is a
natural enemy of the welfare state.
So is Bitcoin and Bitcoin is a much bigger enemy to the welfare
state, and their eyes than gold. But anyways, check this out,
Bitcoin was attacked twice this week.
It was a historical week. We are absolutely winning.
They would not be attacking Bitcoin.
If it wasn't a threat, the flag is heaviest over the Target and
it was seed signer that said that when he came on the show I
loved it. Anyways, check out this original
thought European Central Bank and the IMF, both attack Bitcoin
this week. We are winning.
Let's let's check it out. So the Central African Republic
adopted Bitcoin and this was a strongly worded letter by the
French African. In colonial, Central Bank sent
to the Central African Republic. President a letter.
Stating its Bitcoin. Adoption will have a significant
negative impact on the colonial Frank system, like who the f are
these people? A sovereign country passes a law
and can't have that but it wasn't only the Central African
Republic. The the French African Colonial
Bank, their friends at the IMF also said the same thing Bitcoin
adoption by Central African Republic.
A CERN IMF sets but it's not only that we also have.
Again, I told you to things right Bitcoins under attack by
the IMF and I forgot the other one and the set and the European
Central Bank. Let's check out the European
Central Bank tweet crypto assets such as Bitcoin have an enormous
ecological footprint if they're estimated energy consumption is
comparable to that of some countries, right?
So they can't beat it, they can't compete with it.
So they have to rely on Attacks. Now, here's the signal guys that
I want you guys to pay attention to is the language, right crypto
assets such as Bitcoin have an enormous ecological footprint.
There are their estimated energy consumption is comparable to
that of some countries authorities across the world
need to see how this affects their sustainable Finance
roadmaps. And I remember, I want you guys
to remember that language here, is this awesome, not awesome.
But here's this piece that that Phil Roe covered in the last
episode about the world. Genomic forum and their thoughts
on cryptocurrency, right? The social governments and
environmental impact of cryptocurrencies.
Encompass, both new opportunities and challenge a
new accelerator dedicated to shaping the future of crypto
enabled, environmental, social and government's efforts aims to
bring key players and Industry leaders together to shape, a
more inclusive future, but it's not only the world economic
Forum, it's not only the European Central Bank.
It's also the New York. State, right?
They are Banning proof of work. They already did it for two
years because you guessed it environmental concerns.
And I think this is the scariest part guys, right?
In this was announced last week by the administration on Lisa's
new Department of Justice environmental justice police
here that and environmental justice police.
It's always about environmental justice same language by the wef
similar language. By the European Central Bank and
what do they all have in common? They hate Bitcoin.
Now, is it too crazy to think that Biden's new ministry of
truth and the environmental. Justice police aren't going to
use their police Powers too. Go after Bitcoin miners because
their danger to the environment and inclusivity hasn't happened
yet. But honestly, after I've
witnessed the shit after the last two years, it would not
surprise me. But at the end of the day, guys,
this means Bitcoin is winning. They would not be doing this.
They would not, they would not be resorting to the heavy hand
of government and the social attacks, if Bitcoin did not put
the fear of God into them. And the reason is because
Bitcoin allows people to opt out of their monetary policy and
that absolutely freaks them out, right?
Anyways. Phil, what are your thoughts on
this? You know what?
It's so funny. Then we're being attacked by so
many different organizations. We can't even keep up anymore.
Okay. And and there's sweet.
Can't we call Simply Bitcoin? Can we cover it all?
We're getting confused because there's so many of them know but
it's just I mean it's just insane.
The ESG police look. Me tell you something, when a
government knows that it's wrong, okay, about doing
something. But they absolutely need to do
it in order to maintain power, they create a policing
Organization for it. Okay.
Anyways, I'm not going to get into, I'm not going to get into
politics or anything like that of other countries.
But I can tell you, this has happened in other countries
where political parties feel fear and they like, you know
what, let's create a police that will enforce what we want.
And that way the votes In our Direction.
Anyways, what you have to remember about what you have to
remember about these, the money spigot maximalists, right?
And and, and the politicians that are.
So, their power is in creating these agencies and then,
conferring this status, that is above the law to these agencies.
Okay? So who is this ESG, please, who
voted for this? Like, you pay taxes, who voted
for this? You didn't vote for this.
They just decided that you needed to have this.
Like you don't know any better. You're too stupid to
disseminate. We are too stupid to disseminate
information. We're going to create an ESG
police and you're going to follow the rules, right?
And again this fucking terrifying dude, it's rules for
the not for me again, like this is and just think about it.
Like people just sit there like bobbleheads and go.
Okay, yeah, really check this out fill.
Just add to her Point. Ilan texted 27 minutes ago in
the time of the recording. If I Died under mysterious
circumstances, it's been nice knowing what Ministry of Truth
environmental justice beliefs World economic Forum, European
Central Bank and they all have one thing in common.
They hate Bitcoin hyperrealism. Uh-huh.
You were say what you were saying at the beginning.
Dude, it's all ties in, it's all ties in.
Anyways, Optimist. What are your closing?
Thoughts my friend man. It's hard.
Not to get bullish on these. These It's when you just got all
this bullish signal coming at you because if all these people
are this afraid and they're attacking Bitcoin like Nico and
filler saying it's cuz we're winning guys, like these people
are fundamentally enemies of humanity like they don't want
you to succeed guys. Like they want you back in the
stone age's you know like fundamentally tell me energy
usage bad and then we can go from this to like you know these
people literally You wiped off the planet like you are the
carbon they want to eliminate. So guys, come on man, you can't
fall for these narratives. This is this is crazy talk.
There's no way to confirm that, right?
That we are the carpet but it sure fucking feels like it.
Sure, feels like it. After all this stuff, man, it's
dystopian. But it's cool.
Opt out and get yourself, some Bitcoin and run your own note,
like in the bottle and takes off custody, very important takes
off custody, or its Your bike, fake Bitcoin?
Yeah. Anyway, so it's time for.
No, it's not. There was an open source off
early today. What is everybody about it
software releases? Brought to you by Cipher safe?
Check them out. Seifer safe dot IO.
The best place the most secure place to store your Bitcoin seed
store it in the Cipher wheel or the all new Cipher grid.
They both come with a tamper-resistant wire but the
grid comes with a punch tool. We've got Nick's Bitcoin version
Dodd's 0.70. That was released its Down Below
in the show notes, guys, don't forget to check us out.
On our Audio. Only platforms Apple podcasts
Spotify and anchor. If you want a stream of SATs
Fountain dot f m. You can stream the SATs through
Breeze. Awesome.
Thank you for. All right guys, before we go
when I give a very special shout-out to her awesome.
Clothing sponsor, represent LTD.com still has the new
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Optimus feels. That's right.
He is the host of Bitcoin kindergarten.
It's every Wednesday at 9 p.m. Eastern Standard Time.
It's the best Club hang out on bitcoin Twitter.
Anyways guys, that was our show if you enjoyed the sun know what
to do. Smash It smash it and of course
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guys. I'm quoting are awesome.
Guest Optimist. We are the carbon.
They want to eliminate supposedly.