1 00:00:20,160 --> 00:00:23,000 It's all going to zero against Bitcoin. 2 00:00:23,760 --> 00:00:25,360 It's going up forever. Warren. 3 00:00:32,560 --> 00:00:37,960 You're against Bitcoin. You're against freedom, yo. 4 00:00:37,960 --> 00:00:39,480 What's up? We are back. 5 00:00:39,480 --> 00:00:43,200 We're back for another episode of Simply Bitcoin, and today is 6 00:00:43,200 --> 00:00:45,400 an interesting story. I did have to do some deep dive 7 00:00:45,400 --> 00:00:48,240 for this one, so game theory is heating up in China, guys. 8 00:00:48,800 --> 00:00:52,240 The first reading of Taiwan's crypto bill passes, and 9 00:00:52,240 --> 00:00:55,400 depending on the source, Taiwan might be on the verge of making 10 00:00:55,400 --> 00:00:57,960 Bitcoin legal tender. January 2020. 11 00:00:57,960 --> 00:01:01,200 Fourth, it almost seems like this is happening. 12 00:01:01,360 --> 00:01:02,640 It's almost like it's inevitable. 13 00:01:02,920 --> 00:01:07,640 And Taiwan is embracing Bitcoin. And we all know the saga between 14 00:01:07,640 --> 00:01:10,720 China, that we know that with one China policy. 15 00:01:10,720 --> 00:01:13,600 We've been covering this all year and we know how many times 16 00:01:13,600 --> 00:01:15,920 China banned Bitcoin, they banned mining. 17 00:01:16,120 --> 00:01:19,720 We've seen even Taiwan themselves try to ban Bitcoin. 18 00:01:19,720 --> 00:01:21,840 But of course you can't ban Bitcoin. 19 00:01:21,840 --> 00:01:23,400 You can only ban yourself from Bitcoin. 20 00:01:23,400 --> 00:01:28,400 And even this week, you know, on mainland, Hong Kong has been 21 00:01:28,400 --> 00:01:32,240 mulling over whether they are going to embrace an ETF as well. 22 00:01:32,480 --> 00:01:35,840 So it really makes you wonder. And if you go back for a couple 23 00:01:35,840 --> 00:01:41,680 episodes, Nico and I went over this of the idea of maybe China 24 00:01:41,680 --> 00:01:45,840 is using different proxies to embrace Bitcoin after officially 25 00:01:45,840 --> 00:01:49,720 banning Bitcoin last, You know, the last, the last dip we saw, I 26 00:01:49,720 --> 00:01:52,400 think that was 2021. Now it's all a blur at this 27 00:01:52,400 --> 00:01:54,520 point. Some days they're banning it, 28 00:01:54,520 --> 00:01:57,880 some days they're embracing it. Well, it seems like China or 29 00:01:57,880 --> 00:02:04,320 Taiwan, forgive me, is about to make Bitcoin a legal tender. 30 00:02:04,320 --> 00:02:07,680 And remember one of the IR LS we did, we had a friend come on 31 00:02:07,680 --> 00:02:10,240 here and I'm blanking on exactly which one it was. 32 00:02:10,240 --> 00:02:15,440 But he said basically that what they mean when they say crypto 33 00:02:15,440 --> 00:02:19,000 is really Bitcoin, and they do not talk about what they have 34 00:02:19,000 --> 00:02:21,920 under their mattress. So whenever you're hearing 35 00:02:21,920 --> 00:02:25,360 crypto come out from the Asian countries, from China in 36 00:02:25,360 --> 00:02:28,800 particular, remember that they know what we know. 37 00:02:28,800 --> 00:02:32,800 It is Bitcoin only, and there's Bitcoin, and then there's other 38 00:02:32,800 --> 00:02:35,720 cryptos. Anyways, Bitcoin's global game 39 00:02:35,720 --> 00:02:38,240 theory, chess matches playing out in real time, guys. 40 00:02:38,240 --> 00:02:40,560 And as a bitcoiner, you just love to see it. 41 00:02:40,680 --> 00:02:43,960 The Mexican standoff is continuing to get spicier. 42 00:02:43,960 --> 00:02:47,520 It's continuing to heat up and it's going to be very 43 00:02:47,520 --> 00:02:49,800 interesting to see which countries get left behind, which 44 00:02:49,800 --> 00:02:54,200 countries don't embrace hard money, and also in that same 45 00:02:54,200 --> 00:02:58,080 vein, which countries are fighting their citizenry and as 46 00:02:58,080 --> 00:03:01,040 we always say, forcing them to have fun staying porn Anyways, 47 00:03:01,040 --> 00:03:03,000 Welcome to simply Bitcoin. We are your number one source 48 00:03:03,000 --> 00:03:04,320 for the peaceful Bitcoin revolution. 49 00:03:04,320 --> 00:03:07,200 We cover breaking news, culture and nomadic warfare. 50 00:03:07,200 --> 00:03:09,080 We bring on bitcoins from all around the world, from the 51 00:03:09,080 --> 00:03:11,280 biggest names to the everyday bitcoiner. 52 00:03:11,600 --> 00:03:14,120 We going to mall and we will be your guide through the 53 00:03:14,120 --> 00:03:18,560 separation of money and state. And of course I am not here 54 00:03:18,560 --> 00:03:21,480 alone guys. I am here with Dell the funky 55 00:03:21,480 --> 00:03:23,080 huddle Sapien. How are you doing this morning, 56 00:03:23,080 --> 00:03:24,320 Dell? Good. 57 00:03:24,320 --> 00:03:27,160 I'm dandy. I'm chilling, relaxing, 58 00:03:27,160 --> 00:03:33,680 moisturized in my own lane. Sitting in a a fit 45 gallon tub 59 00:03:33,680 --> 00:03:37,480 of of lotion right now, it feels pretty luxurious. 60 00:03:38,920 --> 00:03:40,520 Absolutely love it. OK. 61 00:03:40,520 --> 00:03:44,240 Well, Dell, what are we going to cover on the culture today? 62 00:03:46,440 --> 00:03:48,400 We're going to cover that. You can't really stop the 63 00:03:48,400 --> 00:03:50,720 Internet. You can't stop things from 64 00:03:50,720 --> 00:03:52,120 happening the way you want it to. 65 00:03:52,440 --> 00:03:55,560 I imagine most of the people that come to this channel are 66 00:03:55,560 --> 00:03:59,560 interested in Bitcoin surviving. That's that's my assumption. 67 00:03:59,560 --> 00:04:01,440 There might be some people that come past by like, oh, what's 68 00:04:01,440 --> 00:04:03,240 this all about? But I get the impression that 69 00:04:03,240 --> 00:04:07,120 the regulars that I see in the chat, your Roman, your Winekiss, 70 00:04:07,120 --> 00:04:07,960 Tyler Durden. What? 71 00:04:07,960 --> 00:04:09,600 I'm not going to try and talk for Winekiss. 72 00:04:09,600 --> 00:04:11,920 He's a, he's a he's a strange cat, that one. 73 00:04:12,840 --> 00:04:14,880 These people let it be in, day in and day out. 74 00:04:15,400 --> 00:04:16,680 They they're people that are they. 75 00:04:16,720 --> 00:04:18,640 They understand Bitcoin to some degree. 76 00:04:18,640 --> 00:04:21,800 They like it to some degree. And they're, yeah, thumbs up to 77 00:04:21,800 --> 00:04:25,800 that Bitcoin thing. But the idea that it could die 78 00:04:25,800 --> 00:04:29,400 or shut down is not something that a lot of us think about all 79 00:04:29,400 --> 00:04:30,560 that much. We're like, oh, it's it, it 80 00:04:30,560 --> 00:04:33,000 can't happen. But like, here, here's a 81 00:04:33,000 --> 00:04:35,640 question for you, Opti. If if you were given a 82 00:04:35,640 --> 00:04:38,200 challenge, let's say let's say somebody comes along, Michael 83 00:04:38,200 --> 00:04:40,520 Saylor, whatever, anybody that you know has the money and say 84 00:04:40,520 --> 00:04:44,600 I'm going to give you $1,000,000 bounty to shut down Bitcoin. 85 00:04:45,080 --> 00:04:46,600 Could you do that? Do you think you could? 86 00:04:47,080 --> 00:04:50,280 Not for a million. There's literally 1/2 a trillion 87 00:04:50,280 --> 00:04:53,000 dollar bounty on Bitcoin. You got to, you got to, you got 88 00:04:53,000 --> 00:04:55,560 to put those numbers up. Well, like, do you think you 89 00:04:55,560 --> 00:04:58,400 could do it at all? Me personally, no. 90 00:04:58,400 --> 00:05:01,800 Yeah, yeah, exactly. And so the the idea that there 91 00:05:01,800 --> 00:05:04,960 is some individual out there or group of people that can shut it 92 00:05:04,960 --> 00:05:08,640 down is preposterous, but yet they're still and we're going to 93 00:05:08,640 --> 00:05:10,520 play this clip. People out there that are 94 00:05:11,120 --> 00:05:13,520 honestly, they're they're relatively smart people in many 95 00:05:13,520 --> 00:05:15,640 fields, and there's a lot of really smart people that don't 96 00:05:15,640 --> 00:05:20,880 understand Bitcoin. It's like shut down, shut down 97 00:05:20,880 --> 00:05:23,280 the Internet. Like, I what what are you going 98 00:05:23,280 --> 00:05:24,920 to do? Go in people. 99 00:05:24,960 --> 00:05:26,760 People are concerned about that Dell. 100 00:05:26,880 --> 00:05:29,200 That is definitely on people's minds. 101 00:05:29,440 --> 00:05:33,520 Well, I get that, but why? Like tell me how that happens? 102 00:05:33,520 --> 00:05:36,840 Like walk me through exactly how how would how that would work 103 00:05:36,840 --> 00:05:39,720 like please? Like if if you can do it. 104 00:05:39,720 --> 00:05:42,960 If somebody can do it. I I truly, as much as I would 105 00:05:42,960 --> 00:05:46,320 like to see tomorrow would like you would like to see somebody 106 00:05:46,320 --> 00:05:47,680 shut down Bitcoin. So we're going to be talking 107 00:05:47,680 --> 00:05:50,320 about that in the culture like it you can't do it. 108 00:05:50,720 --> 00:05:54,200 Like I I I want you to if you can if somebody in chat can do 109 00:05:54,200 --> 00:05:56,360 that by all means go go and do it. 110 00:05:56,720 --> 00:05:59,080 Because we need to know that that that's a vulnerability when 111 00:05:59,080 --> 00:06:01,760 we need to know how that could happen and oh wow, there's a guy 112 00:06:01,760 --> 00:06:04,080 that's in the the simply Bitcoin chat that has the ability to go 113 00:06:04,080 --> 00:06:06,200 and flip a switch and shut off Bitcoin that we should know 114 00:06:06,200 --> 00:06:11,480 about that. And I mean that'd be so funny. 115 00:06:11,480 --> 00:06:13,720 Someone in the chat just shuts it off anyway. 116 00:06:13,800 --> 00:06:16,240 Anyways, side tangent, side tangent. 117 00:06:16,720 --> 00:06:19,280 I mean we even see it and and we hear this all the time. 118 00:06:19,280 --> 00:06:21,720 I hear this all the time. When I talk to my normie friends 119 00:06:21,720 --> 00:06:26,040 out there, they're like what if you know like in 2017 it was 120 00:06:26,040 --> 00:06:30,600 like what if China bans Bitcoin? And look, they did it and it 121 00:06:30,600 --> 00:06:33,560 didn't stop Bitcoin. I am convinced that every three 122 00:06:33,560 --> 00:06:36,920 letter agency around the world, that nation states have also 123 00:06:36,920 --> 00:06:39,520 tried to attack Bitcoin and they continue to try to attack 124 00:06:39,520 --> 00:06:42,400 Bitcoin, but they can't stop this. 125 00:06:42,400 --> 00:06:45,960 They cannot stop digital money for the digital world. 126 00:06:45,960 --> 00:06:51,200 And even if the even if we got like some weird by chant, EMP or 127 00:06:51,200 --> 00:06:55,200 something that shut off all of electricity, we will never go 128 00:06:55,200 --> 00:06:56,840 back to a time without the Internet. 129 00:06:57,000 --> 00:07:00,120 I am fully convinced of that the Internet is something that that 130 00:07:00,120 --> 00:07:01,600 is ubiquitous with the modern world. 131 00:07:01,880 --> 00:07:05,000 It put a pause on things like if if people have talked about 132 00:07:05,000 --> 00:07:07,480 that, they're like, Oh well, what about OK, well, just 133 00:07:07,480 --> 00:07:10,400 imagine if, if things that are escalating over in the Middle 134 00:07:10,400 --> 00:07:12,520 East and then the whole Russia, Ukraine thing, like, imagine 135 00:07:12,520 --> 00:07:16,080 things really take off and they detonate a nuke in the 136 00:07:16,080 --> 00:07:19,160 atmosphere over every country in the world and all the Internet 137 00:07:19,160 --> 00:07:20,960 goes out. What about your Bitcoin then? 138 00:07:20,960 --> 00:07:22,960 Like, do you even hear what you're saying? 139 00:07:23,360 --> 00:07:27,000 Like imagine that scenario and the the the thing that is going 140 00:07:27,000 --> 00:07:31,840 to be on people's minds is food, shelter, is my family safe? 141 00:07:32,160 --> 00:07:37,360 And then probably after the 1st 24 hours where can I get, I'm 142 00:07:37,360 --> 00:07:41,040 just going to say a hand job. What where where are the sex 143 00:07:41,040 --> 00:07:43,080 workers? Like where where can I go and 144 00:07:43,080 --> 00:07:45,680 trade these bullets that have been stocking up for, you know, 145 00:07:45,920 --> 00:07:49,760 a little me time with with old destiny over there? 146 00:07:50,080 --> 00:07:52,800 And I do mean old, because she was in the business for Hockman 147 00:07:52,800 --> 00:07:54,960 and she's looking a little worn out, but she's got the 148 00:07:54,960 --> 00:07:56,440 experience. And that's who you're going to 149 00:07:56,440 --> 00:07:58,080 want to go to. When times are tough, you're 150 00:07:58,080 --> 00:08:00,960 going to want to go to the person that knows how to get you 151 00:08:00,960 --> 00:08:03,480 to that happy place. So yeah, you're going to check 152 00:08:03,480 --> 00:08:06,280 in on Destiny and give her some bullets for some fun times, but 153 00:08:06,480 --> 00:08:07,800 you're not going to be thinking about Bitcoin. 154 00:08:07,800 --> 00:08:11,480 You're not going to be thinking about like cat pictures and trad 155 00:08:11,480 --> 00:08:15,040 wives on Twitter talking about how they're grass feeding their 156 00:08:15,040 --> 00:08:18,400 goats. No, you're not going to be 157 00:08:18,400 --> 00:08:20,320 paying attention to any of that. You're going to be like, what do 158 00:08:20,320 --> 00:08:22,280 I need to survive? That's it. 159 00:08:22,480 --> 00:08:24,760 That is that is it. That's all you're going to be 160 00:08:24,760 --> 00:08:27,800 paying attention to. So this idea that, Oh well, what 161 00:08:27,800 --> 00:08:31,640 happens to your Bitcoin, it's like, come, go fuck yourself. 162 00:08:31,800 --> 00:08:33,559 What are you talking about? Listen to yourself. 163 00:08:33,760 --> 00:08:36,159 Like, is grandma alive and in her nursing home? 164 00:08:36,159 --> 00:08:40,400 Because there's no oxygen on? Like, is it? 165 00:08:40,400 --> 00:08:43,960 What's your first concern if if the nukes go off and there's no? 166 00:08:44,280 --> 00:08:47,440 Internet Opti is it? Well, is is my note still on? 167 00:08:48,800 --> 00:08:51,920 No, it's thinking about people in my local community and can I 168 00:08:51,920 --> 00:08:54,160 survive? Exactly, Exactly. 169 00:08:54,160 --> 00:08:55,960 All right. Well, this is gonna be a spicy 170 00:08:55,960 --> 00:08:57,360 one. I can already tell this is gonna 171 00:08:57,360 --> 00:08:59,280 be a spicy one. Let's get into the show, guys. 172 00:09:01,120 --> 00:09:04,840 The Bitcoin numbers. Is your Bitcoin and cold storage 173 00:09:04,840 --> 00:09:07,840 really secure? Is your seed phrase really 174 00:09:07,840 --> 00:09:09,400 secure? Stamp seeds? 175 00:09:09,400 --> 00:09:12,080 Do it yourself. Kit has everything you need to 176 00:09:12,080 --> 00:09:16,480 hammer your seed words into commercial grade titanium plates 177 00:09:16,680 --> 00:09:18,680 instead of just writing them on paper. 178 00:09:18,960 --> 00:09:22,200 Don't store your generational wealth on paper. 179 00:09:22,600 --> 00:09:25,120 Papers prone to water damage. Fire damage. 180 00:09:25,320 --> 00:09:27,520 You want to put your generational wealth on one of 181 00:09:27,520 --> 00:09:30,640 the strongest metals on planet earth, Titanium. 182 00:09:30,640 --> 00:09:33,840 Your words are actually stamped into this metal plate with this 183 00:09:33,840 --> 00:09:37,240 hammer and these letter stamps. And once your words are in, they 184 00:09:37,240 --> 00:09:40,160 aren't going anywhere. No risk of the plate breaking 185 00:09:40,160 --> 00:09:42,560 apart and pieces falling everywhere. 186 00:09:42,720 --> 00:09:46,000 Titanium stamp seeds will survive nearly triple the heat 187 00:09:46,000 --> 00:09:48,480 produced by a house fire. They're also crush proof, 188 00:09:48,480 --> 00:09:51,160 waterproof, non corrosive, and time proof. 189 00:09:51,160 --> 00:09:53,840 All things that paper is. Not allowing you to huddle your 190 00:09:53,840 --> 00:09:56,840 Bitcoin with Peace of Mind for the long haul. 191 00:09:57,000 --> 00:10:02,240 Stamp your seed on Stamp seed. Yeah, the chat. 192 00:10:03,200 --> 00:10:04,560 You guys are wild. Love you guys. 193 00:10:04,720 --> 00:10:06,120 Anyways, we made this easy for you. 194 00:10:06,520 --> 00:10:09,840 Scan the QR code. Make sure your seed phrase is 195 00:10:09,840 --> 00:10:14,720 backed up on something stronger than just a piece of paper in 196 00:10:14,720 --> 00:10:16,360 your sock drawer. Make sure it's backed up on 197 00:10:16,360 --> 00:10:18,080 titanium guys. This is the way. 198 00:10:18,080 --> 00:10:21,360 Scan the QR code. Get yourself a stamp seed kit 199 00:10:22,320 --> 00:10:25,000 And we even have been in the talks of getting a simply 200 00:10:25,000 --> 00:10:27,360 Bitcoin branded one. But maybe, maybe you don't want 201 00:10:27,360 --> 00:10:31,120 that OPSEC unfriendly version. But anyways, get in the QR code. 202 00:10:31,480 --> 00:10:32,800 Go check it out. Get yourself one. 203 00:10:33,600 --> 00:10:36,240 Stamp your scene in titanium. All right guys. 204 00:10:36,440 --> 00:10:37,600 Anyways, we're over here on the numbers. 205 00:10:37,600 --> 00:10:39,000 We're at Clark Moody's dashboard. 206 00:10:39,120 --> 00:10:41,120 Of course my favorite number is the block height. 207 00:10:41,120 --> 00:10:47,320 We are currently at 815,886 take talk next block, honey Badger 208 00:10:47,320 --> 00:10:48,800 don't care. Blocks keep coming in. 209 00:10:49,240 --> 00:10:54,920 We are what, 24,114 blocks away from the halving roughly around 210 00:10:54,920 --> 00:10:59,760 April 20th of 2024. So it's happening in time guys. 211 00:10:59,760 --> 00:11:02,320 We know exactly what's happening with the monetary policy that is 212 00:11:02,320 --> 00:11:03,880 Bitcoin. You would love to see it. 213 00:11:04,440 --> 00:11:07,560 Bitcoin is my stable coin. Bitcoin is stability Anyways, 214 00:11:07,560 --> 00:11:12,120 the current price on Bitcoin is $35,340 per Bitcoin. 215 00:11:12,320 --> 00:11:15,600 The Moscow time, AKA how much your Fiat dollars worth, AKA how 216 00:11:15,600 --> 00:11:20,240 much Bitcoin you can buy for a single U.S. dollar is 2830 SAT's 217 00:11:20,240 --> 00:11:22,920 per dollar. The percentage of total Bitcoin 218 00:11:22,920 --> 00:11:26,080 that will ever be issued is 93.03%. 219 00:11:26,320 --> 00:11:31,640 The market cap in Fiat terms of Bitcoin is $690 billion or 220 00:11:31,640 --> 00:11:35,720 $690.3 billion. The really monetary inflation of 221 00:11:35,720 --> 00:11:39,800 Bitcoin taking Fiat currencies of school is 1.74%. 222 00:11:39,800 --> 00:11:43,200 It's going to get cut in half. Well, I think it's going to 223 00:11:43,200 --> 00:11:45,560 slowly. Is it going to get cut in half? 224 00:11:45,640 --> 00:11:47,120 I think it's cut in half. I think. 225 00:11:47,120 --> 00:11:49,080 I think that's what the halving does to it anyways. 226 00:11:49,080 --> 00:11:52,800 Bitcoin versus gold market cap is currently at 5.27%. 227 00:11:53,680 --> 00:11:57,440 We are only at 5.27% of the gold market cap. 228 00:11:57,440 --> 00:12:00,760 The hard money gang we are coming for gold. 229 00:12:01,200 --> 00:12:04,440 Gold market cap is $10 trillion. Only 5% of that guys and and you 230 00:12:04,440 --> 00:12:06,160 guys are bearish out there. Couldn't be me, can't relate. 231 00:12:06,320 --> 00:12:11,200 Anyways, the total public lightning capacity is 5305.07 232 00:12:11,200 --> 00:12:13,240 BTC. The hash rate has been going 233 00:12:13,240 --> 00:12:15,960 absolutely parabolic. Of course, this is just a rough 234 00:12:16,160 --> 00:12:19,080 guesstimate of what is going on on the Bitcoin network, but 235 00:12:19,080 --> 00:12:23,040 something is happening and people are uploading and turning 236 00:12:23,040 --> 00:12:29,640 on a lot of a six. The last 90 days we are at 420.1 237 00:12:29,640 --> 00:12:32,520 extra hashes, the pending fees. Oh my goodness, it's spiking 238 00:12:32,520 --> 00:12:36,920 right now. 11.44 BTC, at least according to the mempool that 239 00:12:36,920 --> 00:12:40,480 Clark Moody is connected to. We've been telling you for a 240 00:12:40,480 --> 00:12:45,480 while, you wanted to make sure that you are consolidating your 241 00:12:45,480 --> 00:12:47,680 Utxos because things are gonna get crazy. 242 00:12:48,280 --> 00:12:50,320 This will probably cool down a little bit. 243 00:12:50,640 --> 00:12:54,320 I think I did hear that there's some like ordinal BRC 20 stuff 244 00:12:54,320 --> 00:12:57,080 going on right now. So is doing something with 245 00:12:57,120 --> 00:12:59,440 ordinal, Yeah. So that's probably why we're 246 00:12:59,440 --> 00:13:02,040 seeing this spike right now in the fee market. 247 00:13:02,400 --> 00:13:05,440 So once it gets a little cooler, oops, oops, sorry. 248 00:13:05,800 --> 00:13:07,840 Once it gets a little cooler, not wrong though. 249 00:13:07,920 --> 00:13:09,920 Yeah, but not wrong. Once you once you get a little 250 00:13:09,920 --> 00:13:12,960 cooler in the free market, I I suggest you guys take the 251 00:13:12,960 --> 00:13:16,640 opportunity, consolidate your UTXOS, make sure that you have 252 00:13:16,640 --> 00:13:20,520 good UTX hygiene Anyways. All right guys, I'm going to 253 00:13:20,520 --> 00:13:23,560 connect last night's TTO that I did with CJI. 254 00:13:23,920 --> 00:13:26,400 Hope you guys watch that. I do have it up here for you 255 00:13:26,400 --> 00:13:29,320 guys to show you that you need to go watch this. 256 00:13:29,320 --> 00:13:32,960 And I took a little piece out of there, but here we are. 257 00:13:34,080 --> 00:13:37,200 We got Neil Kashkar, and remember who he is. 258 00:13:37,320 --> 00:13:41,360 He's the crazy guy that was coming out when we were going 259 00:13:41,360 --> 00:13:46,080 through the the, you know, the flu pandemic. 260 00:13:46,480 --> 00:13:50,680 And he was telling us that they can print unlimited money. 261 00:13:50,680 --> 00:13:53,440 And they clarified that question and we got the memes of him with 262 00:13:53,440 --> 00:13:56,280 crazy eyes like, wait, so you're telling me you can print 263 00:13:56,280 --> 00:13:59,040 unlimited money? And he said, yes, That's exactly 264 00:13:59,040 --> 00:14:01,560 what I'm telling you. Well, here he is again. 265 00:14:01,920 --> 00:14:07,560 And if you listen to last night's TTO and you will listen 266 00:14:07,560 --> 00:14:12,920 to this this morning, you really start to realize just how 267 00:14:12,920 --> 00:14:17,160 detached these quote UN quote elites are, how detached the Fed 268 00:14:17,160 --> 00:14:20,560 is from reality. You really would ask yourself 269 00:14:20,560 --> 00:14:24,840 what is going on? And again I referenced the white 270 00:14:24,840 --> 00:14:27,880 paper constantly on here because it's literally in the first 271 00:14:27,880 --> 00:14:31,800 paragraph of the white paper. Satoshi was so prescient when it 272 00:14:31,800 --> 00:14:34,880 came to this because he saw the fundamental problem of the Fiat 273 00:14:34,880 --> 00:14:36,240 system. It is. 274 00:14:36,520 --> 00:14:40,880 It's trust based system, inherent trust that you need to 275 00:14:40,880 --> 00:14:44,280 just trust that these people know what they're doing and 276 00:14:44,280 --> 00:14:47,240 we're seeing in real time that people still seem to trust them 277 00:14:47,640 --> 00:14:52,600 and if you look at the data, there is no reason to trust them 278 00:14:53,120 --> 00:14:54,680 anyways. Neel Kashkari in this little 279 00:14:54,680 --> 00:14:58,000 video here goes, I'm not seeing a lot of evidence that the 280 00:14:58,000 --> 00:15:01,160 economy is weakening and he discusses market expectations 281 00:15:01,160 --> 00:15:04,080 for an interest rate cut by the central bank next year. 282 00:15:04,080 --> 00:15:08,520 So let's just listen to him and remember the idea that the only 283 00:15:08,520 --> 00:15:12,600 reason the system is continuing to hobble along as it is, is 284 00:15:12,600 --> 00:15:16,440 because people out there still believe these people in the 285 00:15:16,440 --> 00:15:18,280 suits, that they know what is going on. 286 00:15:18,280 --> 00:15:20,520 Trust the experts, they know exactly what's going on. 287 00:15:20,520 --> 00:15:23,920 Trust the guy in the suit on the television telling you that they 288 00:15:23,920 --> 00:15:26,360 have the economy under control, that interest rates are under 289 00:15:26,360 --> 00:15:28,920 control, that the Fed knows where we're going. 290 00:15:30,440 --> 00:15:34,320 And if you really look at the data, it may be completely 291 00:15:34,320 --> 00:15:35,800 different and telling you a different story. 292 00:15:35,800 --> 00:15:37,280 Anyways, let's listen to this guys. 293 00:15:37,320 --> 00:15:40,240 You said that, people. Want certainty and that you 294 00:15:40,240 --> 00:15:42,040 can't give it to them. And I understand that. 295 00:15:42,320 --> 00:15:44,680 But people don't just want certainty, they also want some 296 00:15:44,680 --> 00:15:47,360 sort of guiding philosophy. Do you think that Fed Chair 297 00:15:47,360 --> 00:15:50,320 Powell has outlined some sort of guiding philosophy on where the 298 00:15:50,320 --> 00:15:52,960 bar is to cut rates on where the bar is? 299 00:15:53,080 --> 00:15:55,480 Raise him further. Well, I think he's, he's 300 00:15:55,520 --> 00:15:57,880 articulated very clearly that we're committed to getting back 301 00:15:57,880 --> 00:15:59,960 to 2% inflation, right. There's been some chatter 302 00:15:59,960 --> 00:16:02,400 amongst economists that maybe we should raise the inflation 303 00:16:02,400 --> 00:16:03,720 target. I think he's done a great job 304 00:16:03,720 --> 00:16:06,200 saying that is not on the table. We're not going to do that. 305 00:16:06,400 --> 00:16:09,080 We're going to get inflation back to 2% and we're going to 306 00:16:09,080 --> 00:16:11,440 let the data guide us. We've moved very aggressively. 307 00:16:11,560 --> 00:16:13,320 We've made a lot of progress on inflation. 308 00:16:13,760 --> 00:16:16,680 We're not done yet, meaning inflation is not back to our 309 00:16:16,680 --> 00:16:18,480 target, and if we need to do more, we will. 310 00:16:18,840 --> 00:16:22,360 There seem to be a feeling in markets that the bar to cut 311 00:16:22,360 --> 00:16:25,800 rates has been lowered over the past week or two weeks that 312 00:16:25,800 --> 00:16:28,720 suddenly not only are we reaching a pause and have we 313 00:16:28,720 --> 00:16:32,440 seen a peak in the in the Fed funds rate, but that also the 314 00:16:32,440 --> 00:16:35,520 Fed will cut next year maybe surgically. 315 00:16:35,520 --> 00:16:37,800 Neil Dutta is talking about that and he's coming up next. 316 00:16:37,800 --> 00:16:39,320 Do you want to push back against that? 317 00:16:39,320 --> 00:16:42,880 Do you think that that the bar to cut is still just as high as 318 00:16:42,880 --> 00:16:45,200 it was? I have no idea where market 319 00:16:45,200 --> 00:16:48,160 participants are getting that. There's no discussion amongst me 320 00:16:48,160 --> 00:16:50,960 and any of my colleagues about when we're going to start 321 00:16:51,000 --> 00:16:52,720 preparing to cut rates. The only thing that's been 322 00:16:52,720 --> 00:16:56,240 talked about at all is that at some point when inflation is 323 00:16:56,240 --> 00:16:59,360 well on its way back down, if we didn't back off a little bit, 324 00:16:59,360 --> 00:17:01,520 the real rates will be getting tighter and tighter and tighter 325 00:17:01,520 --> 00:17:03,200 and that's that's real. But that's math. 326 00:17:03,240 --> 00:17:06,560 But is there enough weakness currently in the market, in the 327 00:17:06,560 --> 00:17:09,960 economy, I should say, to give you that sense at this point? 328 00:17:10,200 --> 00:17:13,040 Look at the last GDP print. I mean, does anybody look at 329 00:17:13,040 --> 00:17:16,040 that and think, Oh my gosh, the economy it we, for the last 12 330 00:17:16,040 --> 00:17:17,720 months, GDP has been very strong. 331 00:17:18,040 --> 00:17:20,280 The labor market continues to be quite robust. 332 00:17:20,280 --> 00:17:23,200 Yes, the unemployment rate has ticked up to 3.9%, but we've 333 00:17:23,200 --> 00:17:26,960 also seen a huge surge of Labor supply, which is really positive 334 00:17:26,960 --> 00:17:29,080 come online. So I'm looking at this. 335 00:17:29,160 --> 00:17:30,640 I'm seeing consumers that are strong. 336 00:17:31,000 --> 00:17:34,800 My air, by the way, my airplane that I came here on was 100% 337 00:17:34,800 --> 00:17:36,720 full yesterday. It's going to be 100% full 338 00:17:36,720 --> 00:17:38,720 today. I'm not seeing a lot of evidence 339 00:17:38,720 --> 00:17:43,720 that the economy is weakening. Oh man, oh man. 340 00:17:43,880 --> 00:17:46,880 His airplane's going to be full. Absolutely incredible. 341 00:17:46,920 --> 00:17:49,640 Anyways, there's there's a few things that that I want to touch 342 00:17:49,640 --> 00:17:52,760 on and and I do have something here from yesterday's show. 343 00:17:53,160 --> 00:17:55,760 The first thing is guys, when you're hearing this, all I'm 344 00:17:55,760 --> 00:17:59,520 really hearing and and I always reference this on the show, it 345 00:17:59,520 --> 00:18:04,200 is the the Dave Chappelle when he's a politician skit. 346 00:18:04,600 --> 00:18:07,640 And every time I see stuff like this, this is exactly the vibe 347 00:18:07,640 --> 00:18:10,720 that I always get. Basically what Neel Kashkari is 348 00:18:10,720 --> 00:18:12,880 saying here is like the people still trust us. 349 00:18:12,880 --> 00:18:16,320 The people still believe that we are doing everything in our 350 00:18:16,320 --> 00:18:19,560 power to control this, that we actually have control in this. 351 00:18:19,960 --> 00:18:24,240 And in between of all that conversation, he's like, I have 352 00:18:24,240 --> 00:18:27,240 no idea what's going on, but like, trust us, bro, we will 353 00:18:27,240 --> 00:18:31,120 figure this out. And then the next thing is in 354 00:18:31,120 --> 00:18:34,600 regards to the GDP and the CPI prints, we've constantly been 355 00:18:34,600 --> 00:18:37,120 covering this on the show. I mean, we know that the CPI 356 00:18:37,120 --> 00:18:40,760 numbers are completely fibbed. We can only imagine what they're 357 00:18:40,760 --> 00:18:44,120 doing to the GDP to continue to show that, oh, the economy is 358 00:18:44,120 --> 00:18:46,160 very strong. I mean, they printed a shit ton 359 00:18:46,160 --> 00:18:47,720 of money. Of course the economy is going 360 00:18:47,720 --> 00:18:50,920 to look like it's strong. You know, like if if more money 361 00:18:50,920 --> 00:18:52,800 is sloshing around, of course it's going to look like it's a 362 00:18:52,800 --> 00:18:56,600 strong economy unless you realize that it's because they 363 00:18:56,600 --> 00:19:00,240 have expanded the money supply. So it means you get poorer 364 00:19:00,720 --> 00:19:04,560 anyways, The thing he said at the very beginning is why we 365 00:19:04,560 --> 00:19:06,000 always bring this back to Bitcoin. 366 00:19:07,280 --> 00:19:11,400 People want stability in the world and if you are following 367 00:19:11,400 --> 00:19:15,440 the Fiat system then you know there is anything but stability. 368 00:19:15,440 --> 00:19:19,440 Yes, it does seem like $1.00 equals $1.00, but in reality you 369 00:19:19,440 --> 00:19:22,960 are getting poorer. And again, I really want you 370 00:19:22,960 --> 00:19:27,320 guys to go watch the TTO I did last night with CJ. 371 00:19:27,680 --> 00:19:31,480 I will show you the screen here. He did a master class on the 372 00:19:31,480 --> 00:19:33,920 true condition of the economy at this moment. 373 00:19:33,920 --> 00:19:36,200 We brought all the charts, we brought all the receipts for you 374 00:19:36,200 --> 00:19:39,320 guys and of course we angled this back into is it a good time 375 00:19:39,320 --> 00:19:41,560 to be buying Bitcoin? Well, yes it is. 376 00:19:41,560 --> 00:19:46,480 But anyways, one of the things that CJ brought up is this graph 377 00:19:46,480 --> 00:19:53,240 here on Shadow Stats and it is the OR the printing of the GDP 378 00:19:53,240 --> 00:19:57,120 and then the Shadow Stats, what they think is the real GDP. 379 00:19:57,120 --> 00:20:01,360 And one of the things that he mentioned was if you get a GDP 380 00:20:01,360 --> 00:20:08,160 print of -10% for 1/4 that is at least historically was an 381 00:20:08,160 --> 00:20:12,200 indication of your economy being in a depression. 382 00:20:12,400 --> 00:20:15,120 And this was during 2020. Again, we all know what happened 383 00:20:15,120 --> 00:20:18,560 in 2020. And then he said further that if 384 00:20:18,560 --> 00:20:24,200 you get. A negative GDP print for more 385 00:20:24,200 --> 00:20:32,120 than 12 months, Then you are officially in a depression and 386 00:20:32,160 --> 00:20:34,280 this is their numbers in red here. 387 00:20:34,280 --> 00:20:37,560 And they're saying that, you know, we're positive 5%, which, 388 00:20:37,560 --> 00:20:40,440 you know, if if you're trusting their numbers, they're showing 389 00:20:40,440 --> 00:20:42,600 like, oh wow, the economy is doing good. 390 00:20:42,800 --> 00:20:45,160 But I don't know if you guys have been seeing on social media 391 00:20:45,800 --> 00:20:49,400 how much outrage there's been from literally every generation 392 00:20:49,400 --> 00:20:53,000 out there besides the boomers that, like, they're struggling 393 00:20:53,200 --> 00:20:56,200 to make ends meet. They can barely buy groceries. 394 00:20:56,200 --> 00:20:58,240 They're they're barely be able to pay rent. 395 00:20:58,240 --> 00:21:01,880 People are working multiple jobs to just survive in the economy. 396 00:21:02,120 --> 00:21:08,200 So on you know a a personal level and it is a bit of you 397 00:21:08,200 --> 00:21:12,240 know just what's what's the word I'm looking to wow I'm blanking 398 00:21:12,240 --> 00:21:15,560 on my diction right now. You know looking looking around 399 00:21:15,560 --> 00:21:18,120 and and making a guess on what other people are saying. 400 00:21:18,640 --> 00:21:23,160 It does feel like in context people are struggling but the 401 00:21:23,160 --> 00:21:25,240 numbers are showing in the real numbers. 402 00:21:25,240 --> 00:21:27,920 If you can have and use real numbers in this economy right 403 00:21:27,920 --> 00:21:29,920 now remember what Balaji said on Marty Bent. 404 00:21:30,120 --> 00:21:32,160 The numbers are all fibbed and you don't even know what's up 405 00:21:32,160 --> 00:21:35,680 from down this next print after this month. 406 00:21:36,200 --> 00:21:38,920 It would if it's still negative, it's going to officially show 407 00:21:38,920 --> 00:21:40,600 that we are in a depression anyways. 408 00:21:41,120 --> 00:21:45,960 Do not listen to me butcher CJ we did a whole hour and a half 409 00:21:45,960 --> 00:21:49,000 of this last night. So if you in my opinion want to 410 00:21:49,000 --> 00:21:52,800 hear a sober take on what is going on in the economy, what's 411 00:21:52,800 --> 00:21:55,880 going on in macro, what's going on in geopolitical sense, the 412 00:21:55,880 --> 00:22:00,480 true condition of the economy. Watch this TTO I did last night 413 00:22:00,480 --> 00:22:03,040 with CJ we go through the whole thing. 414 00:22:03,080 --> 00:22:06,520 We I I tee it up. I even have him explain the 415 00:22:06,520 --> 00:22:10,680 verbiage as as simple as possible and he absolutely 416 00:22:10,680 --> 00:22:12,640 destroyed it. I got the chart for you, visual 417 00:22:12,640 --> 00:22:14,560 learners. We go through it for an hour and 418 00:22:14,560 --> 00:22:17,840 a half, a dense hour and a half. That, in my opinion, is showing 419 00:22:17,840 --> 00:22:19,680 what the true condition of the economy is. 420 00:22:19,680 --> 00:22:24,000 And you know, TLDR, it's not what they're saying it is on the 421 00:22:24,000 --> 00:22:27,120 television. The only game going on right now 422 00:22:27,120 --> 00:22:31,800 is basically them gaslighting the average person out there 423 00:22:31,800 --> 00:22:34,480 into believing that the economy is a lot stronger than it is. 424 00:22:34,480 --> 00:22:37,360 As long as they're fibbing these numbers and showing you, oh, CPI 425 00:22:37,360 --> 00:22:41,280 is almost getting back 2% and the people believe it, emphasis 426 00:22:41,280 --> 00:22:44,160 on the people believe it. That is the most important part. 427 00:22:44,160 --> 00:22:46,840 So do not trust the Keynesians out there. 428 00:22:46,960 --> 00:22:48,920 Of course, if you're a bit corner, you know this. 429 00:22:49,760 --> 00:22:53,320 But for some reason it always hits harder when you show these 430 00:22:53,320 --> 00:22:57,600 people in the suits out there and then you show them in the 431 00:22:57,600 --> 00:22:59,720 right light that guys we've been talking about this on the show 432 00:22:59,720 --> 00:23:04,320 for a long time, they have lost control of the Fiat system and 433 00:23:04,320 --> 00:23:07,320 the only thing holding it together is the trust that 434 00:23:07,320 --> 00:23:10,520 people still holding them. So just remember that this can 435 00:23:10,520 --> 00:23:13,400 change very quickly once that trust gets dropped. 436 00:23:13,720 --> 00:23:17,440 But in the meantime we're just early the party and and I was 437 00:23:17,440 --> 00:23:20,160 even I was even kind of joking with CJ last night once we got 438 00:23:20,160 --> 00:23:22,760 off and like this is like the big short moment where they're 439 00:23:22,760 --> 00:23:24,960 like, I'm not wrong. I'm just early and the guy's 440 00:23:24,960 --> 00:23:27,840 like that's the same thing. You're wrong and it's like, no, 441 00:23:28,360 --> 00:23:31,600 we're we're just early. We we, we have read the data 442 00:23:31,600 --> 00:23:33,320 correctly. The math is what it is. 443 00:23:33,320 --> 00:23:34,880 They have to continue to print money. 444 00:23:35,600 --> 00:23:37,840 All the numbers that they are officially rolling out are 445 00:23:37,840 --> 00:23:39,920 fibbed. And it just goes to show that 446 00:23:39,920 --> 00:23:42,800 that our economy is a phantom economy right now. 447 00:23:42,880 --> 00:23:47,800 And as CJ was telling us last night, we are no longer in a 448 00:23:47,800 --> 00:23:49,920 Republic. We are no longer in a democracy. 449 00:23:49,920 --> 00:23:53,880 We are in the kleptocracy. And the game going on is how 450 00:23:53,880 --> 00:23:57,560 long can they steal from you and how quickly can they steal from 451 00:23:57,560 --> 00:24:01,640 you before the jig is up. So protect yourself, saving 452 00:24:01,640 --> 00:24:03,960 Bitcoin, take Bitcoin into self custody. 453 00:24:03,960 --> 00:24:05,520 This is the way. And then of course, spread that 454 00:24:05,520 --> 00:24:08,440 signal to your friends and family because it could get 455 00:24:08,440 --> 00:24:12,200 worse very, very fast. And it's kind of what we talked 456 00:24:12,200 --> 00:24:15,280 about in the beginning in the sense of like what would what 457 00:24:15,280 --> 00:24:18,600 would be important for you in these times is community around 458 00:24:18,600 --> 00:24:20,160 you. Hence why we always try to wake 459 00:24:20,160 --> 00:24:21,680 people up so they know what's going on. 460 00:24:21,680 --> 00:24:23,120 Anyways, Dale, what's your thoughts on this? 461 00:24:23,920 --> 00:24:28,760 I think a lot of people get so hung up on the price movement of 462 00:24:28,760 --> 00:24:32,040 Bitcoin from this thousand to that thousand that they're 463 00:24:32,960 --> 00:24:36,200 they're they're like, you hear the this, the saying, missing 464 00:24:36,200 --> 00:24:39,200 the forest for the trees, you're so focused on this one tree that 465 00:24:39,200 --> 00:24:41,840 you're not zoomed out to see the whole forest and like, oh wow. 466 00:24:42,280 --> 00:24:43,560 There's a lot more going on here. 467 00:24:43,560 --> 00:24:46,680 There's birds and butterflies, and there's a bear over there, 468 00:24:46,680 --> 00:24:48,120 and then there's salmon swimming up the street. 469 00:24:48,280 --> 00:24:49,840 There's a lot happening in this forest. 470 00:24:50,080 --> 00:24:53,200 But you're over here, stuck your face just jammed right in the 471 00:24:53,200 --> 00:24:55,640 crevice of this tree. It's like, whoa, look at the 472 00:24:55,640 --> 00:24:58,800 cracks, look at, look at the bark. 473 00:24:58,800 --> 00:25:02,520 It's all brown. And it may be, oh look, it 474 00:25:02,520 --> 00:25:06,600 changed to a slightly different shade of brown because things 475 00:25:06,600 --> 00:25:08,560 are happening. Yeah, the sun is rising and so 476 00:25:08,560 --> 00:25:11,400 it's getting lighter, and then the sun goes down and it gets 477 00:25:11,400 --> 00:25:14,400 darker. That's how shadows work, your 478 00:25:14,400 --> 00:25:17,240 dingus. And they're also just so focused 479 00:25:17,240 --> 00:25:20,200 in on this one aspect of the total forest. 480 00:25:21,000 --> 00:25:23,800 The people aren't taking a step back and going, oh oh wow, 481 00:25:23,800 --> 00:25:25,600 there's a lot more going on here. 482 00:25:26,040 --> 00:25:27,920 And I think that people need to do that with Bitcoin. 483 00:25:27,920 --> 00:25:30,400 They need to get the research in because they're so focused on. 484 00:25:31,040 --> 00:25:33,240 It went up 100% in the year to date. 485 00:25:33,240 --> 00:25:38,600 It was at six, whatever, 15510 months ago for a little blip 486 00:25:38,600 --> 00:25:40,200 there back in December whenever it was. 487 00:25:40,320 --> 00:25:41,960 And now it's up to 34, blah blah. 488 00:25:41,960 --> 00:25:47,200 It's like just stop, just stop. Once you understand where people 489 00:25:47,200 --> 00:25:50,440 like Jeff Booth is coming from and you start to start like he 490 00:25:50,440 --> 00:25:51,880 talks about this lake house that he bought. 491 00:25:52,680 --> 00:25:54,800 Some years ago, I think it's like four or five years ago, 492 00:25:54,800 --> 00:25:57,080 three years ago, something like that, he said he paid. 493 00:25:57,280 --> 00:25:59,240 I think it was I'm going to maybe get these numbers a little 494 00:25:59,240 --> 00:26:02,200 bit wrong, but it's something like one and a half, $1,000,000 495 00:26:02,200 --> 00:26:03,840 for this lake house. I'm not sure if it's in Canada 496 00:26:03,840 --> 00:26:05,640 where where it is. I think he's out at Canada. 497 00:26:06,000 --> 00:26:10,280 So a one and a half, $1,000,000 for this lake house at that 498 00:26:10,280 --> 00:26:14,080 time, I think it was something like 300 Bitcoin to buy that 499 00:26:14,080 --> 00:26:18,000 lake house. Well, now the same lake house is 500 00:26:19,000 --> 00:26:21,120 something like two and a half million dollars, which is 501 00:26:21,120 --> 00:26:24,560 something like. 50 Bitcoin or whatever, whatever it is in 502 00:26:24,560 --> 00:26:26,280 Bitcoin. So the price in Bitcoin has gone 503 00:26:26,280 --> 00:26:28,240 down. So we're seeing this happen in 504 00:26:28,240 --> 00:26:31,120 real time. The change of dollar in Bitcoin 505 00:26:31,120 --> 00:26:33,200 and the price of things. You can see the price of an 506 00:26:33,200 --> 00:26:34,440 iPhone, you can see the price of this. 507 00:26:34,720 --> 00:26:38,000 And people are so hung up on, is it going to go up this amount? 508 00:26:38,000 --> 00:26:39,080 Is it going to go up that amount? 509 00:26:39,080 --> 00:26:42,360 It's just it's really simple. It's it's really simple. 510 00:26:42,360 --> 00:26:46,280 All that money is meant to do is to buy you the things that you 511 00:26:46,280 --> 00:26:49,360 want to pay for rent, pay for food, pay for the things that 512 00:26:49,360 --> 00:26:50,880 you need and and and want in life. 513 00:26:51,720 --> 00:26:55,360 And one type of money is losing its value because there are 514 00:26:55,360 --> 00:26:57,920 people that can control the flow of that money, and then they can 515 00:26:58,920 --> 00:27:02,280 print and air quotes, print, make as much of it as they want 516 00:27:02,280 --> 00:27:04,000 so that they can get the things that they want. 517 00:27:04,640 --> 00:27:08,040 And they're trying to do that at a rate that we don't notice. 518 00:27:08,160 --> 00:27:12,280 They're trying to steal enough so that we're not going, oh 519 00:27:12,280 --> 00:27:13,960 whoa, this is screwing everything's over. 520 00:27:13,960 --> 00:27:17,560 Because if they were to steal at a drastically higher rate. 521 00:27:18,080 --> 00:27:21,520 Yeah, they could get way more stuff, way quicker, but it would 522 00:27:21,520 --> 00:27:25,280 dump the entire economy. Businesses would go under and if 523 00:27:25,320 --> 00:27:28,240 too many businesses go under, then the people that want to buy 524 00:27:28,240 --> 00:27:30,760 the stuff won't have businesses to buy stuff from. 525 00:27:30,760 --> 00:27:33,000 So they it's this balance, It is a delicate balance. 526 00:27:33,000 --> 00:27:35,240 If they're like, well we we want to steal enough. 527 00:27:35,560 --> 00:27:38,400 It's like a vampire. Imagine a vampire comes up to 528 00:27:38,400 --> 00:27:40,560 you and goes, look, this is my my source of food. 529 00:27:40,640 --> 00:27:42,920 It's two people on an island, vampire and you. 530 00:27:43,160 --> 00:27:46,480 Well, if the vampire just goes on a a feast and just drinks all 531 00:27:46,480 --> 00:27:49,240 of your blood in one. Crazy night of ecstasy. 532 00:27:49,240 --> 00:27:51,640 Whoa, yeah, he got so full off on blood. 533 00:27:51,760 --> 00:27:54,720 Well then now he's dead. There's nothing else to to 534 00:27:54,720 --> 00:27:55,680 drink. No more blood. 535 00:27:56,040 --> 00:27:58,760 That's it. So the vampire has to suck 536 00:27:58,760 --> 00:28:00,520 slowly. He's got to drain a little bit 537 00:28:00,520 --> 00:28:03,040 and has to. You keep on getting weaker and 538 00:28:03,040 --> 00:28:04,800 weaker. And you know the problem? 539 00:28:04,800 --> 00:28:08,680 This vampire and like, oh, just vote the vampire off the island. 540 00:28:08,680 --> 00:28:10,520 Really. That that's not going to work. 541 00:28:10,720 --> 00:28:12,360 Like you and the vampire are the ones voting. 542 00:28:12,360 --> 00:28:14,480 Like you're not going to vote the vampire off the island. 543 00:28:14,720 --> 00:28:17,160 He's staying there. The vampire is staying there 544 00:28:17,160 --> 00:28:19,320 with you and he's going to keep on draining the blood for as 545 00:28:19,320 --> 00:28:21,520 long as he can and sometimes he's going to he's going to get 546 00:28:21,520 --> 00:28:23,040 a little bit more and you're going to feel a little bit 547 00:28:23,040 --> 00:28:25,360 weaker and then sometimes like oh OK, I drew a little bit too 548 00:28:25,360 --> 00:28:29,400 much blood and that that's all that's happening here on a on an 549 00:28:29,440 --> 00:28:32,920 on a year long scale. But yet people are back to my 550 00:28:32,920 --> 00:28:36,520 forest for the trees thing so focused in on oh look there's I 551 00:28:36,560 --> 00:28:38,840 feel a little sting on my neck. It's like, yeah, because there's 552 00:28:38,840 --> 00:28:41,120 a. Fucking vampire draining the 553 00:28:41,120 --> 00:28:43,400 blood from you. You just take a step back and 554 00:28:43,400 --> 00:28:45,840 take a look around. Oh wow, I'm on an island. 555 00:28:46,000 --> 00:28:49,240 Yeah, maybe get off the island, make friends with Wilson and 556 00:28:49,240 --> 00:28:51,560 then try and build a raft to do something. 557 00:28:51,800 --> 00:28:55,040 Yeah, I I really like to think of remember we brought on the 558 00:28:55,040 --> 00:29:00,160 show multiple times Jay Powell explaining why 2% inflation and 559 00:29:00,160 --> 00:29:02,840 he couldn't answer that question and he just basically said, oh 560 00:29:02,840 --> 00:29:06,080 this is just agreed upon inflation rate that you know 561 00:29:06,080 --> 00:29:10,080 that everyone wants to get to. What he basically was saying is 562 00:29:10,440 --> 00:29:17,080 2% inflation year by year is the the minimal amount of theft they 563 00:29:17,080 --> 00:29:18,920 can get away with without people noticing. 564 00:29:19,240 --> 00:29:21,960 This is how you have to frame this 2% inflation every year, 565 00:29:21,960 --> 00:29:27,680 which is the status quo is the most well, the little, the 566 00:29:27,680 --> 00:29:31,040 littlest. They can get away with stealing 567 00:29:31,040 --> 00:29:33,600 from you without people freaking out and people even noticing. 568 00:29:33,600 --> 00:29:36,120 So you got to remember inflation is theft. 569 00:29:36,120 --> 00:29:38,320 They couldn't they couldn't get away with all this stuff if it 570 00:29:38,320 --> 00:29:40,240 wasn't for inflation in the 1st place. 571 00:29:40,240 --> 00:29:43,520 Anyways, shouts out to Bitcoin mag Bitcoin 2024. 572 00:29:43,520 --> 00:29:46,640 We are taking over Nashville, TN. 573 00:29:46,640 --> 00:29:50,080 Scan the QR code, get yourself a ticket and this is going to be 574 00:29:50,080 --> 00:29:53,040 July 25th to 27th 2024. We're telling you this today 575 00:29:53,040 --> 00:29:55,560 because this is the lowest the prices will be. 576 00:29:56,120 --> 00:30:00,560 We want to see you in Nashville and you can use the promo code 577 00:30:00,560 --> 00:30:03,880 simply to get yourself a discount. 578 00:30:04,160 --> 00:30:07,720 I think it's 10 or 18%. I forget what it is, but it's 579 00:30:07,720 --> 00:30:09,640 the cheapest you will get. Get it today. 580 00:30:09,640 --> 00:30:13,120 Use the Simply promo code and you will get a discount. 581 00:30:13,120 --> 00:30:15,360 We want to see you guys in Nashville. 582 00:30:15,360 --> 00:30:18,480 It's going to be a great time. Anyways, let's get into today's 583 00:30:18,480 --> 00:30:23,960 news because this is very interesting going on the Daily 584 00:30:24,000 --> 00:30:27,400 News. I want to give a shout out to 585 00:30:27,400 --> 00:30:31,760 our sponsor, Foundation Devices. 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Experience the Peace of Mind 594 00:30:55,200 --> 00:30:57,840 that comes with taking ownership of your own keys. 595 00:30:58,000 --> 00:31:02,600 After a massive sell out during Bitcoin Miami 2023, the passport 596 00:31:02,600 --> 00:31:05,480 is back in stock at foundationdevices.com. 597 00:31:05,840 --> 00:31:09,520 Bitcoin only, open source, verifiable completely air gap, 598 00:31:09,600 --> 00:31:13,480 security model, gorgeous design, craft, premium grade materials 599 00:31:13,640 --> 00:31:15,800 if you're thinking about getting your Bitcoin off exchange. 600 00:31:15,840 --> 00:31:18,320 The one for you? Check out the passport link in 601 00:31:18,320 --> 00:31:20,240 the show notes below to learn more. 602 00:31:20,240 --> 00:31:26,720 All right guys, of course. Get yourself a passport. 603 00:31:26,840 --> 00:31:29,080 We love them. Scan the QR code. 604 00:31:29,480 --> 00:31:32,080 These things are awesome. They look like Nokia phone, some 605 00:31:32,080 --> 00:31:36,920 optic friendly hardware wallets. Make sure you are backing up and 606 00:31:36,920 --> 00:31:40,520 securing your Bitcoin correctly. All right guys. 607 00:31:40,520 --> 00:31:48,600 So this news story came across our our news desk last week and 608 00:31:49,120 --> 00:31:54,840 it was pretty difficult to get an official like article in 609 00:31:54,840 --> 00:31:57,880 English on this. I I came across a lot of stuff 610 00:31:57,880 --> 00:32:01,120 in Chinese, but of course I'm a dumb American school student, 611 00:32:01,120 --> 00:32:03,080 public school student, so I can't read Chinese. 612 00:32:03,360 --> 00:32:06,840 So you could say that this might be some rumor mill stuff. 613 00:32:06,840 --> 00:32:10,440 You can you can say that maybe you know we're we're click 614 00:32:10,440 --> 00:32:14,880 baiting you but it is looking like Taiwan is going to become 615 00:32:14,880 --> 00:32:18,160 the next country to embrace Bitcoin as legal tender. 616 00:32:18,160 --> 00:32:21,920 So the story first broke on the block and the headline here is 617 00:32:21,920 --> 00:32:24,960 Taiwan officially proposes crypto bill was first reading 618 00:32:24,960 --> 00:32:27,840 passed at parliament. And remember the meme here, 619 00:32:28,440 --> 00:32:31,000 anytime you hear crypto coming out of China, what they really 620 00:32:31,000 --> 00:32:33,120 mean? Of course there are some shit 621 00:32:33,120 --> 00:32:35,840 corners out there. We we we can't deny that. 622 00:32:36,080 --> 00:32:40,040 But usually when they use crypto what they really mean is of 623 00:32:40,040 --> 00:32:43,680 course Bitcoin. And they're using shit coins as 624 00:32:43,680 --> 00:32:47,000 the only use case that it that shit coins actually have. 625 00:32:47,200 --> 00:32:50,120 Which is confusing the legislators and the dinosaurs 626 00:32:50,120 --> 00:32:52,040 out there because they don't understand what's going on. 627 00:32:52,040 --> 00:32:54,400 And then they got to regulate all the other shit coins and by 628 00:32:54,400 --> 00:32:57,040 the time they get to Bitcoin, Bitcoin is already out of the 629 00:32:57,040 --> 00:33:01,160 gate and winning. So this dropped October 27th 630 00:33:01,160 --> 00:33:04,880 2023 and I'm just going to read the highlights here and and I'm 631 00:33:04,880 --> 00:33:07,560 going to show you that this like you can find this story on a 632 00:33:07,560 --> 00:33:10,040 bunch of different news sources but nothing official yet coming 633 00:33:10,040 --> 00:33:13,920 across Reuters or like Bloomberg which you know for for better or 634 00:33:13,920 --> 00:33:16,840 worse is still like the official breaking of news. 635 00:33:16,840 --> 00:33:20,280 So quick take special crypto law if passed and enacted would 636 00:33:20,280 --> 00:33:23,320 require all crypto platforms operating in Taiwan to apply for 637 00:33:23,320 --> 00:33:25,680 a permit which is very very interesting. 638 00:33:25,880 --> 00:33:30,520 This law does have very stringent guidelines on people 639 00:33:30,600 --> 00:33:33,640 even like peer-to-peer payments. Of course institutions, 640 00:33:33,640 --> 00:33:37,600 exchanges, businesses. So they are definitely angling 641 00:33:37,600 --> 00:33:42,480 this towards a very like KYC heavy type of legislation. 642 00:33:43,320 --> 00:33:46,760 I I think they even want to get licenses for like individuals to 643 00:33:47,000 --> 00:33:50,400 transact in Bitcoin which is absolutely insane. 644 00:33:50,400 --> 00:33:53,680 Anyways there's no specific time limit for the second reading as 645 00:33:53,680 --> 00:33:55,960 of yet. We did hear that it's kind of 646 00:33:55,960 --> 00:34:00,000 going to happen in November and again depending on your source 647 00:34:00,920 --> 00:34:05,760 you they may have already announced officially that they 648 00:34:05,760 --> 00:34:08,320 this is going to happen. So here we go. 649 00:34:08,320 --> 00:34:10,520 Let's go into a little bit. A proposal to regulate crypto 650 00:34:10,520 --> 00:34:11,960 assets. Pass the first reading at 651 00:34:11,960 --> 00:34:15,280 Legislative Yuan, Taiwan Parliament according to official 652 00:34:15,280 --> 00:34:16,719 records. Like I can even show you the 653 00:34:16,719 --> 00:34:19,520 official record. Maybe you know someone out there 654 00:34:19,520 --> 00:34:23,760 can read Chinese. I I can't, so I don't. 655 00:34:23,760 --> 00:34:26,760 I don't know what's going on. You can translate it here but it 656 00:34:26,760 --> 00:34:29,639 just gives you a PDF. You can see here Virtual Asset 657 00:34:29,639 --> 00:34:32,320 Management Bill. Consider the bill you download 658 00:34:32,320 --> 00:34:34,040 the PDF, it's going to be in Chinese. 659 00:34:34,040 --> 00:34:36,880 So anyways I got some other some other sources here. 660 00:34:36,880 --> 00:34:40,600 This one's BNN dot network. This was a week ago but this one 661 00:34:40,600 --> 00:34:42,920 is very interesting. And of course you know my views 662 00:34:42,920 --> 00:34:44,639 on coin market cap I I say it all the time. 663 00:34:44,639 --> 00:34:47,840 I usually feel pretty dirty when I go on coal market cap but I'm 664 00:34:47,840 --> 00:34:50,040 not looking at the shit coin prices here. 665 00:34:50,320 --> 00:34:54,719 So we have this guest post here by Coins, Telegram English and 666 00:34:54,719 --> 00:34:57,720 it goes Taiwan's historic decision Bitcoin set to become 667 00:34:57,920 --> 00:35:02,240 official currency. So let's go in on this and I 668 00:35:02,240 --> 00:35:04,840 think it's very interesting. And if this happens, I think the 669 00:35:04,840 --> 00:35:08,760 game theory is going to absolutely go nuclear. 670 00:35:08,920 --> 00:35:12,480 And of course, let's not forget there is a one China policy out 671 00:35:12,480 --> 00:35:15,680 there. I know Taiwan is officially kind 672 00:35:15,680 --> 00:35:21,960 of trying to distance themselves from the Chinese government and 673 00:35:21,960 --> 00:35:26,160 of Beijing and Hong Kong is also saying that they are embracing 674 00:35:26,160 --> 00:35:28,640 the Bitcoin ETF. So you're seeing that the game 675 00:35:28,640 --> 00:35:30,120 theory is playing out over there in China. 676 00:35:30,120 --> 00:35:33,080 And we know that China is trying to angle themselves as the hub 677 00:35:33,080 --> 00:35:36,880 for crypto. So we're seeing that in Asia, 678 00:35:37,120 --> 00:35:40,960 whether it's Singapore, whether it's China or I think even Korea 679 00:35:40,960 --> 00:35:44,080 was saying it as well. Everyone is understanding that 680 00:35:44,080 --> 00:35:48,260 the field is wide open in regards to becoming a quote UN 681 00:35:48,260 --> 00:35:50,160 quote crypto hub. So let's get into this. 682 00:35:50,200 --> 00:35:53,080 This article here, our guest post here goes in a ground 683 00:35:53,080 --> 00:35:55,080 breaking development. Taiwan is poised to embrace 684 00:35:55,080 --> 00:35:57,560 Bitcoin as an official currency, becoming the world's second 685 00:35:57,560 --> 00:35:59,720 nation, following in the footsteps of El Salvador. 686 00:36:00,000 --> 00:36:04,440 Technically we do have CAR, Central African Republic, but 687 00:36:04,440 --> 00:36:07,920 they kind of went full ship coin and and they I think they even 688 00:36:07,920 --> 00:36:12,120 pulled back their official Bitcoin legal tender laws, so 689 00:36:12,760 --> 00:36:15,440 that one was a nothing burger. Anyways, this historic verdict 690 00:36:15,440 --> 00:36:18,440 emerged from the Legislative Yuan, Taiwan's unicameral 691 00:36:18,440 --> 00:36:22,200 legislature, after a fiercely contested debate culminated in a 692 00:36:22,200 --> 00:36:24,920 close vote on October 30th, 2023. 693 00:36:25,080 --> 00:36:27,360 At the heart of this transformative shift is the 694 00:36:27,360 --> 00:36:30,480 Digital Currency Legislate Legalization and Regulation Act. 695 00:36:30,720 --> 00:36:34,320 This pivotal legislation seeks to establish publish A robust 696 00:36:34,320 --> 00:36:37,960 legal framework governing the use, exchange, taxation, and 697 00:36:37,960 --> 00:36:40,640 oversight of Bitcoin and other cryptocurrency within Taiwan's 698 00:36:40,640 --> 00:36:42,760 border. Importantly, it formally 699 00:36:42,760 --> 00:36:46,560 designates Bitcoin as a foreign currency for international trade 700 00:36:46,560 --> 00:36:49,160 and exchange purposes. Under the provisions of this 701 00:36:49,160 --> 00:36:52,320 bill, Bitcoin assumes the status of a legally recognized medium 702 00:36:52,320 --> 00:36:55,240 exchange for both public and private transactions within 703 00:36:55,240 --> 00:36:58,000 Taiwan. It also garners recognition as a 704 00:36:58,000 --> 00:37:00,360 store of value and a unit of account. 705 00:37:00,560 --> 00:37:03,160 However, it should be noted that the bill places stringent 706 00:37:03,400 --> 00:37:05,960 environments on all individuals and enterprises dealing with 707 00:37:05,960 --> 00:37:08,080 Bitcoin. They must duly register with the 708 00:37:08,080 --> 00:37:11,520 Financial Supervisory Commission, the FSC, the 709 00:37:11,520 --> 00:37:14,720 principal financial regulatory authority in Taiwan, and adhere 710 00:37:14,720 --> 00:37:17,760 to anti money laundering and counterterrorism financing 711 00:37:17,760 --> 00:37:19,120 protocols. We hear this happen all the 712 00:37:19,120 --> 00:37:20,800 time. We even hear this kind of 713 00:37:21,360 --> 00:37:25,240 posturing in the US as well. Notably, the FSC is endowed with 714 00:37:25,240 --> 00:37:28,800 the authority to issue licenses for cryptocurrencies, exchange, 715 00:37:28,800 --> 00:37:31,520 custodial services, mining operations and related 716 00:37:31,520 --> 00:37:33,480 businesses. Furthermore, it holds the 717 00:37:33,480 --> 00:37:36,040 responsibility of crafting the standards and guidelines to 718 00:37:36,040 --> 00:37:38,800 ensure the security, transparency, and consumer 719 00:37:38,800 --> 00:37:41,640 protection of Taiwan's burgeoning cryptocurrency 720 00:37:41,640 --> 00:37:43,840 industry. The bills inception can be 721 00:37:43,840 --> 00:37:46,520 attributed to the coalition of lawmakers from diverse political 722 00:37:46,520 --> 00:37:51,240 affiliations spearheaded by Chain Chi Chen Chi Chung, a 723 00:37:51,240 --> 00:37:53,960 member of the ruling Democratic Progressive Party, Forgive Me 724 00:37:54,160 --> 00:37:58,280 and the son of former President Chen Shui Beyond. 725 00:37:59,040 --> 00:38:01,720 Forgive Me. They expressed the motivation 726 00:38:01,720 --> 00:38:04,360 behind the legislation, stating that it seeks to align Taiwan 727 00:38:04,360 --> 00:38:08,040 with the global trajectory of digitalization and innovation 728 00:38:08,040 --> 00:38:11,040 while bolstering the nation's economic prowess and 729 00:38:11,040 --> 00:38:14,600 competitiveness. And is this just one no okay? 730 00:38:14,600 --> 00:38:16,560 So this is where it kind of gets interesting. 731 00:38:17,400 --> 00:38:20,840 Remember the posturing that we have seen and we covered on the 732 00:38:20,840 --> 00:38:23,560 show from China, from the officials, They're basically 733 00:38:23,560 --> 00:38:25,800 saying like, Oh yeah, we don't like Bitcoin. 734 00:38:25,800 --> 00:38:28,680 Of course we ban Bitcoin, we ban Bitcoin mining. 735 00:38:28,680 --> 00:38:31,360 And then we've seen that officials have been going to 736 00:38:31,360 --> 00:38:35,520 crypto conferences and behind not publicly behind the scenes 737 00:38:35,520 --> 00:38:39,320 saying like, yeah, of course we're embracing Bitcoin. 738 00:38:39,320 --> 00:38:40,680 We see where the world is heading. 739 00:38:40,680 --> 00:38:43,240 So Bitcoin is not merely A technological breakthrough, but 740 00:38:43,240 --> 00:38:47,080 a social economic revolution. By come conferring legal status, 741 00:38:47,080 --> 00:38:49,880 tender status upon Bitcoin, we unlock new prospects for our 742 00:38:49,880 --> 00:38:51,520 citizens, businesses and our nation. 743 00:38:51,680 --> 00:38:54,480 This action also signals Taiwan's leadership and digital 744 00:38:54,480 --> 00:38:57,240 transformation and it's unwavering commitment to freedom 745 00:38:57,240 --> 00:39:01,440 and democracy, asserted Chen Chi Chung during a post bill passage 746 00:39:01,440 --> 00:39:04,160 press conference. The response to this momentous 747 00:39:04,160 --> 00:39:07,080 decision has been mixed, with both proponents and detractors 748 00:39:07,080 --> 00:39:09,840 making their voices heard. Advocates commanded as a 749 00:39:09,840 --> 00:39:12,280 visionary step that will position Taiwan at the forefront 750 00:39:12,280 --> 00:39:15,280 of the cryptocurrency industry, attracting increased foreign 751 00:39:15,280 --> 00:39:17,720 investment and talent as we've seen in El Salvador. 752 00:39:17,840 --> 00:39:21,400 In contrast, critics view it as a risky and imprudent move that 753 00:39:21,400 --> 00:39:24,680 could expose Taiwan to financial instability, cyber threats, 754 00:39:24,680 --> 00:39:27,840 fraud, and money laundering. In addition to these concerns, 755 00:39:28,040 --> 00:39:31,560 the bill has encounter staunch opposition from China, who which 756 00:39:31,560 --> 00:39:35,360 claims Taiwan as its territory has been exerting military and 757 00:39:35,360 --> 00:39:36,920 diplomatic pressure on the island. 758 00:39:36,920 --> 00:39:39,320 China banned all forms of cryptocurrency trading and 759 00:39:39,320 --> 00:39:42,600 mining in 2017 and has repeatedly cautioned Taiwan 760 00:39:42,600 --> 00:39:46,240 against actions that challenge sovereignty or undermine the One 761 00:39:46,240 --> 00:39:48,440 China policy. Chinas Foreign Minister 762 00:39:48,440 --> 00:39:52,800 spokesperson Zali Jean has decried Taiwanese decision to 763 00:39:52,800 --> 00:39:55,120 embrace Bitcoin as a legal tender, labeling it a 764 00:39:55,160 --> 00:39:58,640 provocative and illegal act that poses a grave threat to cross 765 00:39:58,640 --> 00:40:00,840 Strait relations and regional peace and stability. 766 00:40:01,080 --> 00:40:03,560 Zali, Lijan. Lee Hyon. 767 00:40:04,160 --> 00:40:06,720 Forgive Me has also urged the international community to 768 00:40:06,720 --> 00:40:10,880 reject and sanction what he views as Taiwan's separatist 769 00:40:10,880 --> 00:40:13,080 actions. Nevertheless, Taiwan's President 770 00:40:13,160 --> 00:40:17,080 Tsai ING Weng has staunchly defended the legislation as a 771 00:40:17,080 --> 00:40:20,120 sovereign and democratic choice of the Taiwanese people, 772 00:40:20,360 --> 00:40:22,720 pledging that Taiwan will not yield to China's threats or 773 00:40:22,720 --> 00:40:24,680 interference. She also expressed confidence 774 00:40:24,680 --> 00:40:28,240 that Taiwan is well prepared to navigate any challenges or risks 775 00:40:28,320 --> 00:40:31,200 that may arise from adopting Bitcoin as an official currency. 776 00:40:31,400 --> 00:40:34,080 Taiwan is a society that values freedom and innovation. 777 00:40:34,400 --> 00:40:37,280 We embrace change and confront challenges without fear. 778 00:40:37,280 --> 00:40:39,720 We believe that Bitcoin can bring positive transformations 779 00:40:39,720 --> 00:40:41,880 to our economy, society and culture. 780 00:40:42,040 --> 00:40:44,760 It can also fortify our bond with friends and allies 781 00:40:44,760 --> 00:40:48,880 worldwide who share our values and visions, remarked the 782 00:40:48,880 --> 00:40:51,400 Taiwanese president on national television. 783 00:40:51,600 --> 00:40:54,640 The bill is scheduled to come into effect January 1st, 2024, 784 00:40:54,640 --> 00:40:56,760 following a two-month period of public consultation. 785 00:40:56,760 --> 00:40:59,640 In preparation, the FSC has committed to releasing 786 00:40:59,640 --> 00:41:02,360 comprehensive regulations and guidelines for the bill's 787 00:41:02,360 --> 00:41:07,560 implementation by year end. So super interesting. 788 00:41:07,760 --> 00:41:10,600 Of course, I can't fully verify this for you guys because it 789 00:41:10,600 --> 00:41:13,320 wasn't Chinese. I've been doing my best to make 790 00:41:13,320 --> 00:41:17,800 sure that you know, I I got it from as best a source as 791 00:41:17,800 --> 00:41:23,360 possible, but it is seemingly happening that Taiwan is passing 792 00:41:23,360 --> 00:41:26,840 a quote UN quote crypto bill. Of course there is a very real 793 00:41:26,840 --> 00:41:29,800 concern about this, the stringent controls and all the 794 00:41:29,800 --> 00:41:32,520 licenses that people are going to have to jump through. 795 00:41:32,920 --> 00:41:38,360 But nevertheless, it's safe to say that if Taiwan does embrace 796 00:41:39,400 --> 00:41:42,720 Bitcoin as legal tender, as a medium of exchange, as a store 797 00:41:42,720 --> 00:41:46,720 of value, as a unit of exchange, then the game theory is really 798 00:41:46,720 --> 00:41:48,840 starting to heat up in regards to Bitcoin. 799 00:41:49,280 --> 00:41:51,160 Yes, El Salvador embraced Bitcoin. 800 00:41:51,160 --> 00:41:52,880 Yes, they made it legal tender status. 801 00:41:53,880 --> 00:41:59,480 But El Salvador is is a tiny, tiny country and they don't have 802 00:42:00,160 --> 00:42:05,120 the, I don't know what you say, maybe the reputation that a 803 00:42:05,120 --> 00:42:09,400 Taiwan would have. And so if rather maybe I guess 804 00:42:09,400 --> 00:42:14,080 it would be when this goes into practice at the beginning of 805 00:42:14,080 --> 00:42:17,680 next year, it's going to be very interesting to see what happens. 806 00:42:17,680 --> 00:42:23,520 Is this going to give China an excuse to continue to try to 807 00:42:23,520 --> 00:42:27,320 clamp down on Taiwan? Is this China using Taiwan or 808 00:42:27,320 --> 00:42:29,800 even Hong Kong? Because I I do have that ETF 809 00:42:29,800 --> 00:42:33,760 news up here, but seems a little unnecessary right now is them 810 00:42:34,120 --> 00:42:42,600 using them as a proxy so that they can kind of on the one hand 811 00:42:42,600 --> 00:42:45,560 embrace Bitcoin but publicly denounce Bitcoin. 812 00:42:45,920 --> 00:42:50,920 It just really goes to show that we're in a position of don't 813 00:42:50,920 --> 00:42:55,360 listen to what I say, but watch what I do kind of reaction right 814 00:42:55,360 --> 00:42:57,880 now. So this is a story that we will 815 00:42:57,880 --> 00:43:02,680 be watching for you guys, but it does seem officially the first 816 00:43:02,680 --> 00:43:06,600 reading of this bill has passed. I'm sure something else will 817 00:43:06,600 --> 00:43:12,360 come out in November. So it's going to be very 818 00:43:12,360 --> 00:43:15,080 interesting to see this game theory play out. 819 00:43:15,080 --> 00:43:20,560 And again, I know Bitcoin is a global phenomenon and I know we 820 00:43:20,560 --> 00:43:24,840 try to be as as globally minded as possible in this show in 821 00:43:24,840 --> 00:43:28,600 regards to Bitcoin and understanding that, hey, this is 822 00:43:28,640 --> 00:43:33,920 a global game of accumulation. But it just goes to show that 823 00:43:33,920 --> 00:43:37,240 whatever is going on in America, whatever the SEC is doing, 824 00:43:37,240 --> 00:43:40,200 whatever, whatever Gary Gensler is doing and them dragging feet 825 00:43:40,560 --> 00:43:42,800 on why they haven't embraced Bitcoin. 826 00:43:42,800 --> 00:43:46,880 Well, now that game theory is heating up because Bitcoin will 827 00:43:46,880 --> 00:43:51,120 be adopted by necessity. And yeah, maybe El Salvador 828 00:43:51,120 --> 00:43:53,800 embracing Bitcoin is kind of one of those little nothing burgers. 829 00:43:54,120 --> 00:43:56,480 It is is kind of one of those like little gnats and you're 830 00:43:56,480 --> 00:43:59,920 like yeah, whatever you you have you have no economic concern. 831 00:44:00,920 --> 00:44:05,760 But if China by proxy Taiwan is embracing Bitcoin, then this is 832 00:44:05,760 --> 00:44:09,280 it's going to heat up guys. And we know, we know the the 833 00:44:09,280 --> 00:44:11,320 flood coming out of China, we know they banned Bitcoin 834 00:44:11,320 --> 00:44:12,760 constantly. They probably banned it like 835 00:44:12,760 --> 00:44:16,600 47,000,000 times at this point. It just goes to show the game 836 00:44:16,600 --> 00:44:19,080 theory of Bitcoin is happening in real time and you cannot 837 00:44:19,080 --> 00:44:22,600 isolate you from the consequences of your economic 838 00:44:22,600 --> 00:44:26,000 allies, economic enemies embracing Bitcoin. 839 00:44:26,000 --> 00:44:30,520 So we're right again as a Bitcoin, and we've been saying 840 00:44:30,520 --> 00:44:32,720 this for a long time. This is a global game of 841 00:44:32,720 --> 00:44:35,600 adoption and you can't ban Bitcoin, You can only ban 842 00:44:35,600 --> 00:44:38,320 yourself from Bitcoin. So if you fight Bitcoin, you're 843 00:44:38,320 --> 00:44:39,840 only hurting yourself. You're only hurting your 844 00:44:39,840 --> 00:44:44,200 citizens. Yeah, like this is exactly XX. 845 00:44:44,520 --> 00:44:48,080 Maybe Taiwan will want all trade settlement with US and BTC, now 846 00:44:48,080 --> 00:44:51,480 that would be huge. They did say for trade, we don't 847 00:44:51,480 --> 00:44:53,280 know where this is going. Yes, of course we are 848 00:44:53,280 --> 00:44:58,320 speculating a little bit here, but it just goes to show that 849 00:44:58,320 --> 00:45:01,440 people are waking up to what El Salvador has done. 850 00:45:01,440 --> 00:45:03,640 People are waking up to the game that is Bitcoin. 851 00:45:03,640 --> 00:45:07,040 Bitcoin is maturing in real time and this train is unstoppable. 852 00:45:07,160 --> 00:45:09,160 TikTok, next block, honey badger don't care. 853 00:45:10,080 --> 00:45:11,680 Anyways, Dale, what's your thoughts on this? 854 00:45:12,320 --> 00:45:14,240 I think. This just goes back to what I 855 00:45:14,240 --> 00:45:16,680 was saying earlier about people getting lost in the price of 856 00:45:16,680 --> 00:45:19,000 this and that, and people are looking at this country, that 857 00:45:19,000 --> 00:45:21,800 country. But I've heard multiple people 858 00:45:21,800 --> 00:45:24,720 describe investing, getting into Bitcoin, paying attention to 859 00:45:24,720 --> 00:45:26,520 Bitcoin. Kind of like where we're at 860 00:45:26,520 --> 00:45:29,640 right now with Bitcoin, kind of like getting into paying 861 00:45:29,640 --> 00:45:34,320 attention, investing in the Internet as a whole back I I 862 00:45:34,320 --> 00:45:36,960 don't know exactly where we are if we were to try and light lay 863 00:45:36,960 --> 00:45:39,640 those timelines over each other. So before we got to the 864 00:45:39,640 --> 00:45:42,320 Internet, where it was an interconnected network of 865 00:45:42,320 --> 00:45:44,160 computers that could all talk to each other and we could 866 00:45:44,200 --> 00:45:46,760 communicate and share cat pictures and talk about Bitcoin 867 00:45:46,760 --> 00:45:51,360 on an on a podcast here. We had giant blocks that were 868 00:45:51,360 --> 00:45:56,280 the size of university dorm like just huge machines that did very 869 00:45:56,280 --> 00:45:58,760 little. And then as time went on, the 870 00:45:58,800 --> 00:46:01,040 machines got smaller and then they started getting connected 871 00:46:01,040 --> 00:46:04,000 and then we linked them up over long distances and then now the 872 00:46:04,000 --> 00:46:07,560 whole world is connected. You could never at any point 873 00:46:07,560 --> 00:46:11,000 invest in the Internet itself. You can invest in different 874 00:46:11,000 --> 00:46:15,960 companies, IBM, this, Amazon, etcetera that are components. 875 00:46:16,360 --> 00:46:20,000 Of the Internet cloud this and server stack that blah blah blah 876 00:46:20,000 --> 00:46:23,080 company that offering some service Netflix. 877 00:46:24,160 --> 00:46:27,680 But you couldn't invest in the system itself there would that 878 00:46:27,720 --> 00:46:31,480 that wasn't a thing that you could do but you can with 879 00:46:31,480 --> 00:46:35,080 Bitcoin which is one of the many wild wacky things about it. 880 00:46:35,080 --> 00:46:39,800 You can get a piece of that and people are we're definitely very 881 00:46:39,800 --> 00:46:41,080 early. We're not. 882 00:46:41,480 --> 00:46:45,320 So early as like giant block computers but we're probably 883 00:46:45,320 --> 00:46:48,080 around the point where things are just starting to connect. 884 00:46:48,080 --> 00:46:53,520 It's it's we're definitely still in the dial up phase of and 885 00:46:53,520 --> 00:46:56,000 maybe you go to your friend's. House to talk about it and get 886 00:46:56,000 --> 00:46:59,160 on AOL to chat to say, oh look, I can talk to this guy he's over 887 00:46:59,160 --> 00:47:00,480 in France. Oh isn't that so? 888 00:47:00,560 --> 00:47:03,440 Well, it's crazy, but you don't have a computer yourself. 889 00:47:03,480 --> 00:47:05,320 You know somebody and you've heard of people. 890 00:47:06,080 --> 00:47:08,800 Maybe one or two kids in your in your class at school have 891 00:47:08,800 --> 00:47:10,920 computers and. People go to their house to look 892 00:47:10,920 --> 00:47:13,000 oh look, he pulled up a picture of a cat and it's do like 893 00:47:13,080 --> 00:47:14,960 switching back and forth. Oh that's so crazy. 894 00:47:14,960 --> 00:47:16,640 And there's a it's not even video. 895 00:47:16,640 --> 00:47:19,240 Maybe there's some music and you go to this one website and all 896 00:47:19,240 --> 00:47:21,960 it is, is a looping song. We're kind of at that point 897 00:47:21,960 --> 00:47:24,040 right now. It's really rudimentary. 898 00:47:24,120 --> 00:47:26,600 It's really wacky. We've got all these hardware 899 00:47:27,040 --> 00:47:29,080 wallets or signing devices, whatever you want to call them. 900 00:47:29,080 --> 00:47:31,960 I prefer signing device and it's it's still clunky. 901 00:47:32,040 --> 00:47:35,440 It's not real smooth. Grandma isn't getting on an iPad 902 00:47:35,440 --> 00:47:38,000 and just flipping through and oh look, here's my grandson and 903 00:47:38,000 --> 00:47:40,760 grand it's not we're we're definitely not at that point. 904 00:47:42,160 --> 00:47:45,560 And because you can invest in the underlying structure of this 905 00:47:45,560 --> 00:47:48,760 thing, the people that get caught. 906 00:47:48,760 --> 00:47:52,320 Up in like, oh, I missed the boat are the same kind of people 907 00:47:52,320 --> 00:47:55,000 that would maybe be thinking that investing in the Internet, 908 00:47:55,000 --> 00:47:57,240 say you could right now would be a bad idea. 909 00:47:57,720 --> 00:48:01,000 Well, that's if you could invest in the underlying structure of 910 00:48:01,000 --> 00:48:03,680 the Internet itself. Would still be a really good 911 00:48:03,680 --> 00:48:07,000 idea right now because there's so much more to come down the 912 00:48:07,000 --> 00:48:08,760 pipeline. Yeah, we've got Netflix. 913 00:48:08,760 --> 00:48:10,040 Yeah, we've got this, we've got YouTube. 914 00:48:10,240 --> 00:48:12,400 But who knows what the future holds. 915 00:48:12,720 --> 00:48:15,960 The Internet is a form of communication in transferring 916 00:48:15,960 --> 00:48:19,200 information between each other, and we don't really know what 917 00:48:19,200 --> 00:48:22,520 the upper limit of that is. All we know is right now we can 918 00:48:22,520 --> 00:48:25,760 do a lot of really cool things, but we don't know what 919 00:48:26,160 --> 00:48:29,640 transmitting information. In ever higher degrees of 920 00:48:29,640 --> 00:48:33,360 fidelity and more data across vast distances, I I don't know 921 00:48:33,360 --> 00:48:36,600 what the upper limit of that is. We can look back in time and see 922 00:48:36,600 --> 00:48:40,360 where it started and how far we've come from 10/15/20 years 923 00:48:40,360 --> 00:48:45,080 ago, 30 years ago and that's been a massive leaps in what we 924 00:48:45,080 --> 00:48:47,640 can do. I mean I'm older than the 925 00:48:47,640 --> 00:48:49,040 Internet. I imagine a lot of people in 926 00:48:49,040 --> 00:48:50,200 chat are older than the Internet. 927 00:48:50,200 --> 00:48:52,960 You remember a time where there wasn't the Internet and where 928 00:48:52,960 --> 00:48:56,520 we're at now and those times that, like the difference in in 929 00:48:56,520 --> 00:49:00,960 then and now is. Astronomical and you can do this 930 00:49:00,960 --> 00:49:02,800 and the same thing is going to be true of Bitcoin. 931 00:49:03,160 --> 00:49:07,320 Even when all of the countries get on a Bitcoin standard, or or 932 00:49:07,320 --> 00:49:10,200 many of them, many more than are now let's say a majority of 933 00:49:10,200 --> 00:49:13,200 them, just like the majority of the world is on the Internet. 934 00:49:13,320 --> 00:49:16,160 Yes, there are certain countries that are sanctioned off and 935 00:49:16,160 --> 00:49:18,480 they're siloed and certain countries don't have much of the 936 00:49:18,480 --> 00:49:21,920 Internet at all. North Korea, but most of the 937 00:49:21,920 --> 00:49:25,640 developed world is on relatively the same Internet. 938 00:49:26,040 --> 00:49:28,640 Generally, we can all go to Netflix or some variation of 939 00:49:28,640 --> 00:49:30,000 Netflix. We can all go to YouTube. 940 00:49:30,280 --> 00:49:33,720 Generally, more billions of people can go to the Internet 941 00:49:33,840 --> 00:49:35,560 than not. And yes, it's I understand it's 942 00:49:35,560 --> 00:49:37,400 different that the government's control. 943 00:49:37,400 --> 00:49:40,200 I get all that. But we have access to this 944 00:49:40,280 --> 00:49:43,920 Internet thing most of the world when we didn't years ago. 945 00:49:43,920 --> 00:49:46,080 And it's still changing. It's still maturing. 946 00:49:46,080 --> 00:49:49,040 It's still becoming. Into whatever that is and will 947 00:49:49,040 --> 00:49:53,000 continue to even when I'm long dead, it will still be changing 948 00:49:53,000 --> 00:49:55,400 and still becoming more and more of this thing. 949 00:49:55,520 --> 00:49:59,080 And the same is true of Bitcoin. So if Bitcoin does hit 950 00:49:59,080 --> 00:50:02,480 $5,000,000 in some, let's say, 36 months from now, there's 951 00:50:02,480 --> 00:50:03,960 going to be people like, oh, I missed out. 952 00:50:03,960 --> 00:50:07,000 Oh I no, no, you didn't. That'd be like looking at the 953 00:50:07,000 --> 00:50:09,080 Internet now and going, oh, I missed out, no, you no, you 954 00:50:09,080 --> 00:50:11,640 didn't. There's still much more, so much 955 00:50:11,640 --> 00:50:14,680 more growth. Yeah, you could get more SATS 956 00:50:14,680 --> 00:50:18,440 per dollar currently. You can right now, then maybe 957 00:50:18,440 --> 00:50:21,240 you can 10 years from now. But that doesn't mean that the 958 00:50:21,240 --> 00:50:23,840 stats per dollar that you can get 10 years from now is going 959 00:50:23,840 --> 00:50:26,240 to be a bad idea. It's still going to be a great 960 00:50:26,240 --> 00:50:28,840 idea then. It's always a a great idea. 961 00:50:29,200 --> 00:50:32,320 Was it a better idea now than it will be then, or is it a better 962 00:50:32,320 --> 00:50:34,640 idea now? I think so. 963 00:50:34,640 --> 00:50:36,360 I don't know. I'm not going to tell you what 964 00:50:36,360 --> 00:50:39,000 what what is going to happen. I don't have a damn clue. 965 00:50:39,240 --> 00:50:43,080 But like. Was investing in Amazon back 966 00:50:43,080 --> 00:50:44,560 when? Was a dollar per share a great 967 00:50:44,560 --> 00:50:47,520 better idea then than it is now? Yeah, yeah, probably. 968 00:50:47,680 --> 00:50:49,160 I I guess so, because you could sell them. 969 00:50:49,440 --> 00:50:52,040 But. And that's a bad example because 970 00:50:52,040 --> 00:50:55,440 investing in Amazon is it? It's back to the Internet. 971 00:50:55,440 --> 00:50:58,560 It's the base layer of what this entire system is built on. 972 00:50:58,560 --> 00:51:00,800 Amazon isn't a base layer of what a bunch of things are built 973 00:51:00,800 --> 00:51:01,880 on. It's different ideas, but 974 00:51:02,320 --> 00:51:05,640 securities have all their the flaws that they have. 975 00:51:05,640 --> 00:51:08,840 And if you haven't watched Sailors. 24 reasons Why 976 00:51:08,840 --> 00:51:11,280 securities are a bad idea is to suggest you do that. 977 00:51:11,480 --> 00:51:16,440 There's a lot of reasons that companies go belly up, and even 978 00:51:16,440 --> 00:51:19,280 when Netflix or this or that doesn't do all that well, the 979 00:51:19,360 --> 00:51:22,120 underlying structure that the entire thing is built on is 980 00:51:22,120 --> 00:51:24,120 still a really good idea to invest in. 981 00:51:24,480 --> 00:51:25,800 And that Sailor talks about that too. 982 00:51:25,960 --> 00:51:28,520 It's like investing on the land as opposed to the the companies 983 00:51:28,520 --> 00:51:30,960 that are built on the land. But this is even more 984 00:51:30,960 --> 00:51:34,960 fundamental than the land, because the land itself is under 985 00:51:34,960 --> 00:51:38,760 control or under. I guess control's a good word of 986 00:51:38,800 --> 00:51:42,040 a governmental jurisdiction. So you might go, oh, it's a 987 00:51:42,040 --> 00:51:45,800 really good idea to invest in this plot of land in Manhattan. 988 00:51:45,800 --> 00:51:47,680 Yeah. But then what if the, the laws 989 00:51:47,680 --> 00:51:51,880 in Manhattan, the mayors and the the governors and the and the, 990 00:51:52,080 --> 00:51:55,520 the, the regulatory structure of that section of land changes to 991 00:51:55,520 --> 00:51:57,280 be unfavorable to what you want to do? 992 00:51:57,440 --> 00:52:00,200 Oh, I've got this great plot of land in downtown Manhattan. 993 00:52:00,440 --> 00:52:02,920 You've got half of the the island of Manhattan. 994 00:52:02,920 --> 00:52:04,760 Now I want to sell it. Oh, nobody wants to buy it 995 00:52:04,760 --> 00:52:06,800 because. It's a terrible place to build a 996 00:52:06,800 --> 00:52:09,360 business and everybody actually wants to, I don't know, build in 997 00:52:09,360 --> 00:52:11,240 the middle of Wyoming and that's where all the money is. 998 00:52:12,040 --> 00:52:15,480 Like, what are you going to do? But if you could invest in 999 00:52:15,760 --> 00:52:20,680 business itself, like just business as an idea, just just 1000 00:52:20,720 --> 00:52:25,720 generally invest in business, that seems like a pretty good 1001 00:52:25,720 --> 00:52:27,520 idea. It's like investing in math. 1002 00:52:28,480 --> 00:52:30,760 Oh, you can invest in you. You could. 1003 00:52:30,880 --> 00:52:33,920 You can benefit from all of the benefits that come from math. 1004 00:52:34,320 --> 00:52:37,200 Well, I don't think math is going to become more valuable. 1005 00:52:37,760 --> 00:52:40,240 Really. You don't What? 1006 00:52:40,640 --> 00:52:42,280 What uses math? Oh, I don't. 1007 00:52:42,360 --> 00:52:49,240 Just everything so if. If if, if if you have some iota 1008 00:52:49,240 --> 00:52:54,320 of hope for everything improving or doing anything, then maybe 1009 00:52:54,320 --> 00:53:00,360 investing in the base layer structure of everything. 1010 00:53:00,760 --> 00:53:02,600 Might be a decent idea, I I don't know. 1011 00:53:02,600 --> 00:53:05,520 That's kind of where I'm at. Maybe it's a stupid idea and 1012 00:53:05,760 --> 00:53:09,720 maybe I'll have zero value in in a few years from now because 1013 00:53:09,720 --> 00:53:12,200 everything goes and I I don't know. 1014 00:53:12,200 --> 00:53:16,040 But it seems like a halfway decent idea to me at the current 1015 00:53:16,280 --> 00:53:17,520 juncture. I don't know. 1016 00:53:19,680 --> 00:53:23,120 Well, you're not alone. I mean, look, every country in 1017 00:53:23,120 --> 00:53:28,400 the world, every Super Bowl in the world is holding, as sailor 1018 00:53:28,400 --> 00:53:31,120 always says, melting ice cubes. Everyone is in the same boat. 1019 00:53:31,120 --> 00:53:32,520 They're all using paper currency. 1020 00:53:33,000 --> 00:53:37,240 And what we're seeing happen in real time is that there is very 1021 00:53:37,240 --> 00:53:41,280 real cracks in the system and whether they can or can't 1022 00:53:41,280 --> 00:53:45,120 continue to kick the can down the road, the problem remains. 1023 00:53:45,120 --> 00:53:48,400 It's like using a cup with a hole in it, and that is Fiat 1024 00:53:48,400 --> 00:53:50,840 currencies. And here comes Bitcoin and it's 1025 00:53:50,840 --> 00:53:54,560 a cup without a hole. It's able to retain all the 1026 00:53:54,560 --> 00:53:57,560 liquid you put in there. And whether Bitcoin goes up 1027 00:53:57,560 --> 00:54:00,600 exponentially or not, which I do believe it will be, I I think a 1028 00:54:00,600 --> 00:54:03,400 lot of us are being very conservative and underestimating 1029 00:54:03,760 --> 00:54:07,520 how big this paradigm shift actually is. 1030 00:54:10,280 --> 00:54:14,120 It's just having a stable currency, something that can't 1031 00:54:14,120 --> 00:54:16,520 get the base is valuable in and of itself. 1032 00:54:16,840 --> 00:54:21,520 Moving forward, the more people save in Bitcoin, the more it 1033 00:54:21,520 --> 00:54:23,720 stores your value. It's a very simple proposition, 1034 00:54:23,720 --> 00:54:27,880 and the whole world is waking up to one very simple idea. 1035 00:54:28,360 --> 00:54:31,800 Oh my God, wait, the US dollar is world reserve currency? 1036 00:54:31,800 --> 00:54:34,960 Maybe I need to find an alternative to this because even 1037 00:54:34,960 --> 00:54:38,400 they themselves are having trouble continuing to kick the 1038 00:54:38,400 --> 00:54:42,000 can down the road. So me and CJ were talking about 1039 00:54:42,000 --> 00:54:44,320 this off the show. You know what? 1040 00:54:44,320 --> 00:54:48,920 What we did yesterday in the TTL was trying to explain Bitcoin 1041 00:54:48,920 --> 00:54:51,280 just for the average person out there so the average person can 1042 00:54:51,280 --> 00:54:54,480 understand. And what Saylor is very good at 1043 00:54:54,480 --> 00:54:58,560 doing is explaining it the Bitcoin problem to the the 1044 00:54:58,560 --> 00:55:01,520 corporate level. What Buchelli has shown on the 1045 00:55:01,520 --> 00:55:04,920 nation state level is that it can also work. 1046 00:55:05,360 --> 00:55:09,160 And once we get one of these big superpowers to jump in one of 1047 00:55:09,160 --> 00:55:13,800 these big economic powerhouses to fully embrace Bitcoin, like I 1048 00:55:13,800 --> 00:55:17,960 think we are underestimating how powerful and huge this movement 1049 00:55:17,960 --> 00:55:20,520 actually is. It literally is a paradigm shift 1050 00:55:20,520 --> 00:55:26,080 and it's it's moving from, you know, from the the horse and 1051 00:55:26,080 --> 00:55:30,000 buggy to the car guys, you, you. We cannot imagine how big this 1052 00:55:30,000 --> 00:55:32,320 shift will be and you are on the front line. 1053 00:55:32,320 --> 00:55:34,440 So it's what we say all the time. 1054 00:55:37,040 --> 00:55:42,320 Sorry, shout out the bugle the the last hard hitting journalist 1055 00:55:42,360 --> 00:55:46,000 in the world. OK, OK, you. 1056 00:55:46,800 --> 00:55:49,120 You can't understand how big this paradigm shift is going to 1057 00:55:49,120 --> 00:55:50,160 be. Hence why we tell you every 1058 00:55:50,160 --> 00:55:53,120 single day you need to save something. 1059 00:55:53,600 --> 00:55:58,400 You need to hold on to Bitcoin for as long as possible. 1060 00:55:58,400 --> 00:56:00,840 You need to make it through the auto buyout zone because I think 1061 00:56:00,840 --> 00:56:05,280 we are all fundamentally underestimating how high and how 1062 00:56:05,280 --> 00:56:09,600 huge this actually is. Once everyone around the world, 1063 00:56:09,600 --> 00:56:13,160 once all the nation states, once all the institutions realize 1064 00:56:13,160 --> 00:56:18,080 that Bitcoin is that pristine Cal collateral, the game is 1065 00:56:18,080 --> 00:56:20,440 really going to go absolutely nuclear. 1066 00:56:20,560 --> 00:56:25,280 And I think you're going to be absolutely excited about what 1067 00:56:25,280 --> 00:56:28,400 you're holding today Anyways, before I move on, guys shouts 1068 00:56:28,400 --> 00:56:32,760 out to the boys at Kaboom racks. Shouts out to Kaboom racks. 1069 00:56:33,200 --> 00:56:37,320 Their job is to buy your A six. They will sell you a six. 1070 00:56:37,360 --> 00:56:40,840 They will host your A six. They have awesome kaboom racks, 1071 00:56:41,000 --> 00:56:44,600 A6 firmware if you have some at home and you want to get the 1072 00:56:44,600 --> 00:56:46,840 most out of the a six that you currently have. 1073 00:56:47,000 --> 00:56:49,560 If you have a space heater S 9 in your house and you don't want 1074 00:56:49,560 --> 00:56:52,320 to make it run as efficient as possible, get in touch with the 1075 00:56:52,320 --> 00:56:55,320 Kaboom racks guys. Reach out to my boy Alex. 1076 00:56:55,520 --> 00:56:59,480 Absolutely a legend of a human great great guy. 1077 00:56:59,480 --> 00:57:03,600 I I love him. He's such a good dude and he you 1078 00:57:03,600 --> 00:57:04,960 know, he always tells me and trolls me. 1079 00:57:04,960 --> 00:57:07,840 He's like, you know, my job is to sell a six, but what I 1080 00:57:07,840 --> 00:57:09,840 usually do is tell people not to buy a six. 1081 00:57:09,840 --> 00:57:17,160 So if you are in looking for or even just excited about Bitcoin 1082 00:57:17,160 --> 00:57:19,600 mining, go and talk to the kaboom racks guys. 1083 00:57:19,960 --> 00:57:23,600 They will give you all the information you need, hang out 1084 00:57:23,600 --> 00:57:27,400 in the Telegram group, scan the QR code, go to the website. 1085 00:57:27,800 --> 00:57:30,920 They're the goats out there. They they will handle everything 1086 00:57:30,920 --> 00:57:35,720 you need to know about Bitcoin mining, about buying, selling, 1087 00:57:36,040 --> 00:57:37,240 and they will host them for you guys. 1088 00:57:37,240 --> 00:57:39,160 All right, let's get into the culture, because I know we got a 1089 00:57:39,160 --> 00:57:45,320 good Dell rant and I think we're running a little late, The Daily 1090 00:57:45,320 --> 00:57:48,160 Culture. Brought to you by Swan. 1091 00:57:48,160 --> 00:57:52,320 Bitcoin.com Swan is the best way to build your Bitcoin stack, 1092 00:57:52,320 --> 00:57:55,520 with automated Bitcoin savings plans and instant purchases 1093 00:57:55,680 --> 00:58:00,480 serving clients of any size from $10 to $10 million. 1094 00:58:00,480 --> 00:58:03,840 We love Swan because they incentivize self custody and 1095 00:58:03,840 --> 00:58:06,480 dollar cost averaging. What are you waiting for? 1096 00:58:06,480 --> 00:58:12,120 Visit swanbitcoin.com today. All right, let's get into. 1097 00:58:12,120 --> 00:58:15,160 This one, so this. Maybe you've run into this. 1098 00:58:15,160 --> 00:58:19,120 I'm a YouTube premium subscriber person, so I pay and I don't get 1099 00:58:19,120 --> 00:58:21,400 ads and it's some sort of family plan. 1100 00:58:21,400 --> 00:58:23,320 I don't know. It's worth it to me with as much 1101 00:58:23,320 --> 00:58:27,360 YouTube as I watch and my family watches to pay the 20-30 bucks a 1102 00:58:27,360 --> 00:58:30,200 month, something like that. And five, six of us can all 1103 00:58:30,200 --> 00:58:33,240 watch YouTube without ads. So that that seems pretty worth 1104 00:58:33,240 --> 00:58:36,600 it to me. Well, apparently YouTube has 1105 00:58:36,600 --> 00:58:40,840 implemented a. AD block blocker. 1106 00:58:40,840 --> 00:58:43,880 I guess like you you you can't use ad blocks if you're trying 1107 00:58:43,880 --> 00:58:46,200 to watch YouTube videos and I did run into this when I was on 1108 00:58:46,200 --> 00:58:47,680 a work computer where I wasn't logged in. 1109 00:58:47,680 --> 00:58:50,720 I went to watch a video on YouTube and that sure enough it 1110 00:58:50,720 --> 00:58:52,840 said ad blocker. If you don't disable this ad 1111 00:58:52,840 --> 00:58:55,320 blocker then you won't be able to watch YouTube videos. 1112 00:58:55,320 --> 00:58:59,640 And from what I've heard is once you try and watch 3 videos with 1113 00:58:59,640 --> 00:59:03,760 an ad blocker it just shuts down YouTube access forever on that 1114 00:59:03,760 --> 00:59:05,360 browser. I don't really like that. 1115 00:59:05,360 --> 00:59:08,720 Seems pretty extreme to me. But this video that I'm going to 1116 00:59:08,720 --> 00:59:10,520 play here is just a clip and it is a little bit faster. 1117 00:59:10,520 --> 00:59:14,280 So if you're watching this after we recorded live, it is, it is 1118 00:59:14,280 --> 00:59:17,120 at 1.25 speed. Because I want to play a little 1119 00:59:17,120 --> 00:59:19,000 bit more than about a minute that he's going to go on here 1120 00:59:19,000 --> 00:59:21,040 and then I'm going to cut to something else. 1121 00:59:21,040 --> 00:59:22,840 But let's get into this one here. 1122 00:59:22,840 --> 00:59:25,840 Here we go. If you watched more than three 1123 00:59:25,840 --> 00:59:27,640 videos and you do not turn off your ad blocker, that they are 1124 00:59:27,640 --> 00:59:29,640 going to disable your ability to watch videos on YouTube. 1125 00:59:29,760 --> 00:59:32,360 And one of the rules of the Internet tends to be don't tell 1126 00:59:32,360 --> 00:59:34,480 the Internet what to do. They will do the exact opposite. 1127 00:59:34,680 --> 00:59:36,880 In the early days I would tell people I was sick and tired of 1128 00:59:36,880 --> 00:59:38,720 them calling me for repair advice for free if they didn't 1129 00:59:38,720 --> 00:59:40,000 have a repair and it just never stopped. 1130 00:59:40,000 --> 00:59:42,320 People called in all the time. And then when I created videos 1131 00:59:42,320 --> 00:59:44,680 showing people here's exactly how to fix all your stuff for 1132 00:59:44,680 --> 00:59:45,920 free. Here's 1000 videos showing you 1133 00:59:45,920 --> 00:59:49,320 exactly how to do it. You know, please try and fix it 1134 00:59:49,320 --> 00:59:50,560 yourself using all this information. 1135 00:59:50,840 --> 00:59:52,680 Don't pay me for IT. People start all these repair 1136 00:59:52,680 --> 00:59:54,480 shops, started sending me repairs and being well. 1137 00:59:54,720 --> 00:59:56,720 This is one of these things were, for better or worse, on 1138 00:59:56,720 --> 00:59:58,120 the Internet, people don't listen to you. 1139 00:59:58,120 --> 01:00:00,400 And it takes a particular type of arrogance to order these 1140 01:00:00,400 --> 01:00:02,320 mandates and imagine that people are actually going to listen to 1141 01:00:02,320 --> 01:00:03,840 you when it comes to stuff like this on the Internet. 1142 01:00:03,840 --> 01:00:06,080 And it seems that people are choosing to install different ad 1143 01:00:06,080 --> 01:00:08,760 blockers or better ad blockers, or try ad blockers where they 1144 01:00:08,760 --> 01:00:10,160 had not tried ad blockers before. 1145 01:00:10,280 --> 01:00:12,440 According to this article, Christophe Madras of Ghostery, 1146 01:00:12,440 --> 01:00:14,320 one of the more popular ad blockers in Chrome's extension 1147 01:00:14,320 --> 01:00:15,920 store, says they've seen three to five times the amount of 1148 01:00:15,920 --> 01:00:18,360 installs and uninstalls over the past month, with about 90% of 1149 01:00:18,360 --> 01:00:20,280 the users who are installing it citing the software failing on 1150 01:00:20,280 --> 01:00:21,960 YouTube. Another ad blocker ad guard said 1151 01:00:21,960 --> 01:00:24,320 they usually see about 6000 installations, but that shot up 1152 01:00:24,360 --> 01:00:25,200 to 11,000. It wasn't working. 1153 01:00:25,680 --> 01:00:28,120 However, the paid version of the extension appears to actually be 1154 01:00:28,120 --> 01:00:30,800 working and blocking advertisements on YouTube, and 1155 01:00:30,800 --> 01:00:32,560 they say that their user accounts increased, reaching 1156 01:00:32,560 --> 01:00:35,080 about 60,000 on October 18th, which is a fairly high number 1157 01:00:35,080 --> 01:00:36,360 for them in contrast to pass rates. 1158 01:00:36,520 --> 01:00:39,200 So it looks like people are not saying, OK fine, I'll do what 1159 01:00:39,200 --> 01:00:41,200 you're going to tell me, but they're immediately clicking off 1160 01:00:41,200 --> 01:00:42,600 and experimenting. They're trying new things, 1161 01:00:42,600 --> 01:00:44,120 they're trying new applications, they're trying. 1162 01:00:44,400 --> 01:00:47,400 So the point here is that you tell people, hey, you can't use 1163 01:00:47,400 --> 01:00:50,240 these ad blockers and people go, OK, well let me find one that I 1164 01:00:50,240 --> 01:00:53,880 can use. Or as he mentions, he goes into 1165 01:00:53,880 --> 01:00:56,240 a little bit greater detail. There are people that didn't 1166 01:00:56,240 --> 01:00:58,880 even know that ad blockers were a thing. 1167 01:00:58,880 --> 01:01:00,480 They had no clue. They just assumed. 1168 01:01:00,480 --> 01:01:03,240 If I go to YouTube and I click on a video and an ad plays, 1169 01:01:03,240 --> 01:01:05,440 there we go. That's just how it is. 1170 01:01:05,760 --> 01:01:09,360 Well, some of those people, when this message popped up, like if 1171 01:01:09,360 --> 01:01:11,080 you're using an ad blocker, blah, blah blah blah, blah, 1172 01:01:11,080 --> 01:01:12,480 maybe they saw it or they heard about it. 1173 01:01:12,480 --> 01:01:14,160 They're like, wait, I'm ad blockers? 1174 01:01:14,160 --> 01:01:16,760 I can block ads? I had no idea that was a thing. 1175 01:01:17,080 --> 01:01:19,240 And then they go and look into it, they find something and now 1176 01:01:19,240 --> 01:01:21,600 they can block ads. So it seems as though this whole 1177 01:01:21,600 --> 01:01:25,000 idea has kind of backfired on YouTube to some degree. 1178 01:01:25,200 --> 01:01:29,200 And there are almost guaranteed going to be people and 1179 01:01:29,200 --> 01:01:33,040 developers out there looking for work around some something, some 1180 01:01:33,280 --> 01:01:37,480 new extension, some this, some some whack a do work around 1181 01:01:37,480 --> 01:01:40,320 that'll allow them, the developer and then the people 1182 01:01:40,320 --> 01:01:43,120 that they service to get around watching ads. 1183 01:01:43,400 --> 01:01:46,800 And the reason I'm mentioning this is because we hear about 1184 01:01:46,960 --> 01:01:51,120 China banning Bitcoin. That's a large country that 1185 01:01:51,120 --> 01:01:55,040 that's 1 1/2 billion people and they tried to ban Bitcoin. 1186 01:01:55,240 --> 01:01:58,080 Well, all they did is they banned themselves from Bitcoin. 1187 01:01:58,080 --> 01:02:00,120 The hash rate moved somewhere else to a more favorable 1188 01:02:00,120 --> 01:02:02,920 jurisdiction and Bitcoin kept on going. 1189 01:02:03,480 --> 01:02:06,600 This ties into something that I said at the beginning, that a 1190 01:02:06,600 --> 01:02:08,560 lot of people don't understand Bitcoin. 1191 01:02:08,600 --> 01:02:10,000 They have no idea what they're talking about. 1192 01:02:10,400 --> 01:02:13,480 Apparently this video is a little bit older and it's from. 1193 01:02:13,960 --> 01:02:17,360 I don't know when exactly, but this is Dave Ramsey. 1194 01:02:17,360 --> 01:02:20,880 You may have seen this pop up over the the week talking about 1195 01:02:20,880 --> 01:02:22,280 Bitcoin. Again, I'm going to play this in 1196 01:02:22,280 --> 01:02:26,960 1.25 speed and it I don't know a whole lot about Dave Ramsey, but 1197 01:02:26,960 --> 01:02:30,800 he seems to know some things like he's he's a he's a boomer. 1198 01:02:30,800 --> 01:02:34,400 He knows some stuff, He knows some things about finance. 1199 01:02:34,400 --> 01:02:36,760 And from certain videos I've seen, he's got some pretty 1200 01:02:36,760 --> 01:02:39,920 decent ideas. Like that is not all that great, 1201 01:02:39,920 --> 01:02:41,520 You can use that, blah, blah, blah, whatever. 1202 01:02:41,520 --> 01:02:43,120 I'm not going to get into it because I don't know a whole lot 1203 01:02:43,120 --> 01:02:46,480 about the guy, but my point is that he knows some things about 1204 01:02:46,480 --> 01:02:48,400 finance. All right, let's watch this clip 1205 01:02:48,400 --> 01:02:51,240 here where he talks about his his deep knowledge of Bitcoin, 1206 01:02:52,080 --> 01:02:53,040 that there, and. And here's what. 1207 01:02:53,040 --> 01:02:54,720 You have let me tell you what Bitcoin is. 1208 01:02:54,720 --> 01:02:57,680 It's WWW. It's the wild, Wild West. 1209 01:02:57,840 --> 01:02:59,800 You're back to the Western banking system. 1210 01:03:01,400 --> 01:03:03,520 Because all of the sudden one. Of these computer nerds just 1211 01:03:03,520 --> 01:03:05,600 flips the switch. The whole freaking thing's gone. 1212 01:03:06,400 --> 01:03:07,080 Boom. Just gone. 1213 01:03:07,080 --> 01:03:09,040 There's no value. They just got completely ripped 1214 01:03:09,040 --> 01:03:09,760 off and it. Took them down. 1215 01:03:10,200 --> 01:03:13,000 And so the little hipster techie guys are sitting in front of the 1216 01:03:13,280 --> 01:03:15,040 building with a sign that says, where's my money? 1217 01:03:15,200 --> 01:03:18,400 Well, honey, you never had. Honey, it's not real money 1218 01:03:18,920 --> 01:03:22,240 because it's not got it's not a stable currency that has any 1219 01:03:22,240 --> 01:03:24,560 kind of a system that backs it, that has any kind of a system 1220 01:03:24,560 --> 01:03:26,320 that protects Well, I made a lot of money in Bitcoin. 1221 01:03:26,600 --> 01:03:28,480 You can make a lot of money trading dirt to somebody else 1222 01:03:28,480 --> 01:03:30,040 from trading dirt until people catch on. 1223 01:03:30,040 --> 01:03:31,440 That dirt's not a good idea to trade. 1224 01:03:32,400 --> 01:03:33,560 You can trade gravel out of your. 1225 01:03:33,560 --> 01:03:35,200 Driveway as long as you can get away with it. 1226 01:03:35,560 --> 01:03:39,000 And OK, so apparently this is a little bit older, but people are 1227 01:03:39,000 --> 01:03:41,760 saying in Twitter that he still has these same views. 1228 01:03:42,560 --> 01:03:44,360 And and he's got this kind of old timey. 1229 01:03:44,560 --> 01:03:47,320 I'm your pal. I'm, I'm, I'm Uncle Jim. 1230 01:03:47,320 --> 01:03:50,080 I'm, I'm, I'm your buddy. It's the WWW. 1231 01:03:50,080 --> 01:03:52,480 It's the Wild West. And you know what they say in 1232 01:03:52,480 --> 01:03:55,880 the Wild West when you go into a saloon and there's three ducks 1233 01:03:55,880 --> 01:03:58,600 sitting on the counter. But that's a bad Saturday and 1234 01:03:58,600 --> 01:04:02,040 bad Saturdays are a sign that you have got to get out of your 1235 01:04:02,040 --> 01:04:03,960 Bitcoin. Because those hipster nerds, 1236 01:04:03,960 --> 01:04:06,000 they got their fingers on the switches and they can click 1237 01:04:06,000 --> 01:04:08,520 clickity, clackity, boom. And there's no more Bitcoin and 1238 01:04:08,520 --> 01:04:12,080 it has no intrinsic value. Dave, you don't have any 1239 01:04:12,080 --> 01:04:15,400 intrinsic value. The only reason people value you 1240 01:04:15,560 --> 01:04:18,120 is because you're delivering something that they want. 1241 01:04:18,280 --> 01:04:20,000 That's it. You have found an audience. 1242 01:04:20,240 --> 01:04:23,520 You you're not. A no human has intrinsic value. 1243 01:04:23,520 --> 01:04:25,400 But he's got this old timey way of speaking. 1244 01:04:25,400 --> 01:04:27,840 He's got this accent. I'm not putting him down for it. 1245 01:04:27,960 --> 01:04:31,280 My point in mentioning that is that when people have a certain 1246 01:04:31,880 --> 01:04:35,320 I'm just your pal, I'm just your Billy and I'm just, I'm just 1247 01:04:35,320 --> 01:04:38,360 here to help you out. Hey, I'm a I'm a good follower 1248 01:04:38,800 --> 01:04:41,720 of doing the right that I'm an American patriot and you can 1249 01:04:41,720 --> 01:04:44,560 trust me to listen to this voice that a voice like this doesn't 1250 01:04:44,560 --> 01:04:48,360 talk like this if I I don't have your best interests are I'm a 1251 01:04:48,360 --> 01:04:51,560 good, good guy, and I'm just looking out for you and I don't 1252 01:04:51,560 --> 01:04:53,720 want you to get screwed over. You know who else sounds like 1253 01:04:53,720 --> 01:04:54,920 this? Snake oil salesman. 1254 01:04:55,080 --> 01:04:57,920 That's exactly what that voice reminds me of, People that don't 1255 01:04:57,920 --> 01:04:59,200 know what the hell they're talking about. 1256 01:04:59,920 --> 01:05:02,520 Dave Ramsey has done some stuff. He's made well for himself. 1257 01:05:02,520 --> 01:05:05,120 He he probably lives in a home that he's quite comfortable. 1258 01:05:05,120 --> 01:05:07,840 He probably drives. He probably doesn't really worry 1259 01:05:07,840 --> 01:05:09,480 about the price of gas all that much. 1260 01:05:09,480 --> 01:05:11,960 He pulls up to the gas station and that's a little bit more 1261 01:05:11,960 --> 01:05:14,160 than I would have liked. But whatever I've got and I'm 1262 01:05:14,160 --> 01:05:16,160 not checking my bank account balance to make sure. 1263 01:05:16,160 --> 01:05:17,880 Can I fill up this week, can I not? 1264 01:05:18,000 --> 01:05:21,040 He doesn't care. He's profiting off of whatever 1265 01:05:21,040 --> 01:05:22,480 it is that he's selling to people. 1266 01:05:22,840 --> 01:05:26,720 But he is so entrenched in the system, like Charlie Munger, 1267 01:05:26,720 --> 01:05:29,840 like Warren Buffett, that he isn't paying attention. 1268 01:05:30,120 --> 01:05:31,840 I don't even know if he knows how money works. 1269 01:05:31,840 --> 01:05:33,480 I don't even know if he knows what money is. 1270 01:05:33,480 --> 01:05:35,520 He might I I truly don't know. I have no idea. 1271 01:05:35,520 --> 01:05:38,080 I haven't watched him enough. All I know is that this take, 1272 01:05:38,280 --> 01:05:42,640 even if it was from a year, 234 ago, it's completely wrong. 1273 01:05:42,960 --> 01:05:46,760 And if it's not wrong, I would love to be proven wrong. 1274 01:05:46,920 --> 01:05:49,000 I would love it. I talked to Preston Pitch at 1275 01:05:49,000 --> 01:05:52,040 Pacific Bitcoin for, you know, 5-10 minutes and I said, does 1276 01:05:52,040 --> 01:05:54,520 this bother you? Does this, does this, does this 1277 01:05:54,520 --> 01:05:56,200 bother you at all? And like what? 1278 01:05:56,200 --> 01:05:59,920 And I said all the Kool-aid drinking all of this, just like 1279 01:05:59,920 --> 01:06:02,320 everybody's just like, oh, Bitcoin, Bitcoin, Bitcoin. 1280 01:06:04,760 --> 01:06:05,400 Bitcoin. Bitcoin. 1281 01:06:07,680 --> 01:06:10,520 Does anybody stop and question? And he's like, well, I think a 1282 01:06:10,520 --> 01:06:13,880 lot of the people have stopped to question this before they got 1283 01:06:13,880 --> 01:06:15,640 here. They're like, OK, fair enough. 1284 01:06:16,200 --> 01:06:19,560 But the thing that bothers me sometimes about the Bitcoin 1285 01:06:19,560 --> 01:06:23,280 space is that I don't see a lot of people questioning it at the 1286 01:06:23,280 --> 01:06:25,800 time. I do see it before they get into 1287 01:06:25,800 --> 01:06:27,440 Bitcoin. Like, oh hang on, they got put 1288 01:06:27,440 --> 01:06:30,840 up a lot of questions. But once you're in Bitcoin, and 1289 01:06:30,840 --> 01:06:34,480 I don't know, the reason I mention this is because I don't 1290 01:06:34,480 --> 01:06:36,400 know. I've said this time and time and 1291 01:06:36,400 --> 01:06:40,480 time again, I don't know if Bitcoin fixes the world, I truly 1292 01:06:40,480 --> 01:06:43,560 don't. But what I do know for a fact is 1293 01:06:43,560 --> 01:06:48,920 that the current monetary system is utterly fucked beyond prepare 1294 01:06:48,920 --> 01:06:51,240 as far as I can say. I don't know if it's unfixable, 1295 01:06:51,240 --> 01:06:52,680 but I'm pretty sure it's unfixable. 1296 01:06:52,680 --> 01:06:56,520 It's completely fucked. And you and I, the normal people 1297 01:06:56,520 --> 01:07:01,720 that have to go and put in work to get our time turned into 1298 01:07:01,720 --> 01:07:05,040 something that we can trade is so ass backwards. 1299 01:07:05,280 --> 01:07:09,440 It is completely bojangled to the moon and back that I'm 1300 01:07:09,560 --> 01:07:13,400 utterly convinced of there. I don't think there's any person 1301 01:07:13,400 --> 01:07:16,600 on the planet that could come along and be like actually let 1302 01:07:16,600 --> 01:07:19,640 me pull out these charts that I've got tucked up my ass and 1303 01:07:19,640 --> 01:07:21,720 prove to you don't mind the smell. 1304 01:07:21,720 --> 01:07:24,920 And that's where I keep them. I don't know why that everything 1305 01:07:24,920 --> 01:07:27,760 is actually working as intended is actually to your benefit. 1306 01:07:27,760 --> 01:07:29,200 I don't think that person exists. 1307 01:07:29,200 --> 01:07:30,880 I don't think those charts exist. 1308 01:07:31,440 --> 01:07:33,280 I don't think that that that could possibly happen. 1309 01:07:34,440 --> 01:07:36,600 Is Bitcoin the answer to all of those things? 1310 01:07:36,600 --> 01:07:38,520 I. Don't know. 1311 01:07:38,880 --> 01:07:42,760 I truly don't know. But it is the best thing that I 1312 01:07:42,760 --> 01:07:47,200 am aware of. It is the only thing that I know 1313 01:07:47,200 --> 01:07:50,680 of and is the only thing that I am confident putting my, my, my, 1314 01:07:50,680 --> 01:07:52,600 my money, where where my mouth is. 1315 01:07:52,800 --> 01:07:55,000 There was somebody in chat earlier said, oh, Amazon's 1316 01:07:55,000 --> 01:07:56,320 actually a good idea. No, it's not. 1317 01:07:56,400 --> 01:07:58,480 No, it's not. You know why Amazon's not a good 1318 01:07:58,480 --> 01:08:00,680 idea? Because it relies on people. 1319 01:08:01,480 --> 01:08:03,920 It relies on somebody keeping their finger on the switches. 1320 01:08:04,040 --> 01:08:06,360 It relies on choices. It relies on consumer 1321 01:08:06,360 --> 01:08:09,400 confidence. It relies on a number of factors 1322 01:08:09,520 --> 01:08:12,000 that could all go tits up at a moment's notice. 1323 01:08:12,680 --> 01:08:15,000 Bezos could go, you know what? Actually, I'm done with this. 1324 01:08:15,000 --> 01:08:18,000 I'm moving to Miami and I'm going to put all of my holdings 1325 01:08:18,000 --> 01:08:21,279 into this other thing over here. And yes, there are stop gaps. 1326 01:08:21,279 --> 01:08:24,160 There are checks and balances in place for a large corporation to 1327 01:08:24,200 --> 01:08:25,520 fiduciary duty, blah, blah, blah. 1328 01:08:25,520 --> 01:08:28,000 I understand that. But businesses die. 1329 01:08:28,560 --> 01:08:32,240 That's what they do. There are very, very few 1330 01:08:32,240 --> 01:08:35,240 businesses that have lasted for dozens or hundreds of years. 1331 01:08:35,240 --> 01:08:38,560 There is only one business, two, I'm sorry, 2/2 that I know of 1332 01:08:38,720 --> 01:08:41,439 that are more than like 150 years old. 1333 01:08:41,439 --> 01:08:44,319 One is Nintendo. They started out as like gift 1334 01:08:44,319 --> 01:08:48,319 cards, trading cards like like welcome to graduation, whatever 1335 01:08:48,399 --> 01:08:52,000 and they've transitioned into this massive technology company 1336 01:08:52,000 --> 01:08:54,279 that they are now. And the other is Beretta, the 1337 01:08:54,359 --> 01:08:57,240 the weapons manufacturer they started in Italy back in like 1338 01:08:57,240 --> 01:09:00,760 1652. So they've been around for going 1339 01:09:00,760 --> 01:09:02,920 on 400 years now, something like that. 1340 01:09:03,040 --> 01:09:06,760 They're an old company, but that's that's two, that's two. 1341 01:09:07,040 --> 01:09:12,080 Most of the companies on the S&P 500 will die after 18 years. 1342 01:09:12,399 --> 01:09:16,479 Like they have a a worse life expectancy rate than a coal 1343 01:09:16,479 --> 01:09:19,960 miner. And in 1815, like these, they 1344 01:09:19,960 --> 01:09:21,840 die. Businesses die. 1345 01:09:22,120 --> 01:09:26,359 The entire SMP is propped up by like 10% of the company's 8%. 1346 01:09:26,520 --> 01:09:28,760 It's basically nothing. All the others are doing 1347 01:09:28,760 --> 01:09:31,399 terrible and that's all that that's SMP 500. 1348 01:09:31,399 --> 01:09:32,760 This is supposed to be the best of the best. 1349 01:09:32,920 --> 01:09:34,760 So no, Amazon is not a good idea. 1350 01:09:35,000 --> 01:09:37,720 Anything that relies on people making choices is a really 1351 01:09:37,720 --> 01:09:41,520 fucking bad idea. And that's why Bitcoin doesn't 1352 01:09:41,880 --> 01:09:43,640 include all those things. It's not why it's it's why 1353 01:09:43,640 --> 01:09:45,479 Bitcoin. It's why I am convinced at this 1354 01:09:45,479 --> 01:09:47,160 point that Bitcoin is the best answer. 1355 01:09:47,399 --> 01:09:48,680 Because it doesn't rely on people. 1356 01:09:48,680 --> 01:09:51,560 It doesn't rely on somebody flipping switches. 1357 01:09:52,080 --> 01:09:54,040 Despite what? Anyway, just a couple of 1358 01:09:54,040 --> 01:09:56,840 switches and the guy down in Bourbon Angader, he's going to 1359 01:09:56,840 --> 01:09:59,400 flip those switches in Silicon Valley and your money goes to 1360 01:09:59,400 --> 01:10:02,600 nothing. Well, OK, either Bitcoin's going 1361 01:10:02,600 --> 01:10:07,440 to 0 or it's going to, who knows what Millions of dollars, as 1362 01:10:07,440 --> 01:10:09,280 Sailor said. And it hasn't gone to zero. 1363 01:10:09,520 --> 01:10:12,280 It hasn't been killed. If you can kill it, if anyone 1364 01:10:12,280 --> 01:10:16,160 can kill it, please do. No, seriously, I truly mean that 1365 01:10:16,160 --> 01:10:19,040 to the core of my being. Truly, I would rather cut off 1366 01:10:19,040 --> 01:10:23,000 one of my toes and watch Bitcoin die than see it die 10 years 1367 01:10:23,000 --> 01:10:24,760 from now. I don't want to keep on throwing 1368 01:10:24,960 --> 01:10:28,880 money at this thing, trading my time and energy for this thing. 1369 01:10:28,880 --> 01:10:31,680 If it's going to eventually die. I'd rather I'd rather know who's 1370 01:10:31,680 --> 01:10:34,720 going to die now. So if I could trade a toe to 1371 01:10:34,720 --> 01:10:37,520 know, or even multiple toes, actually, I don't probably need 1372 01:10:37,520 --> 01:10:38,840 all of them. I could probably do without a 1373 01:10:38,840 --> 01:10:41,560 few of them to know for a fact what was going to happen to 1374 01:10:41,560 --> 01:10:44,040 Bitcoin. Even if it was, I lost 1375 01:10:44,040 --> 01:10:46,320 everything. I would gladly know that. 1376 01:10:46,320 --> 01:10:49,800 I would gladly trade my toes. And the loss that that that 1377 01:10:49,800 --> 01:10:51,200 incurred. Not just the loss of my toes, 1378 01:10:51,320 --> 01:10:53,840 but all of the money that I'd lost, all the time that I 1379 01:10:53,840 --> 01:10:55,800 invested into it, all the time that I've invested learning 1380 01:10:55,800 --> 01:10:58,520 about it. I would be happy to do that 1381 01:10:58,880 --> 01:11:00,640 because I'd rather look into something else. 1382 01:11:00,640 --> 01:11:01,920 OK, maybe I should get into gold. 1383 01:11:01,920 --> 01:11:03,280 Oh, maybe I should get into dirt. 1384 01:11:03,400 --> 01:11:05,320 Maybe I should get into gravel. Maybe that's a good idea. 1385 01:11:05,320 --> 01:11:08,480 Maybe I should start trying to grow roses and sell roses, 1386 01:11:08,480 --> 01:11:11,280 because that's providing value to the hopeless romantics. 1387 01:11:11,280 --> 01:11:15,160 I don't know. My point here is that if Bitcoin 1388 01:11:15,160 --> 01:11:17,360 can be killed, show it. Prove it. 1389 01:11:17,600 --> 01:11:19,760 Do it, Dave. Go flip the switches. 1390 01:11:20,680 --> 01:11:24,800 Anyone. Please, please, honestly, try 1391 01:11:24,800 --> 01:11:26,400 and kill it. China couldn't kill it. 1392 01:11:27,480 --> 01:11:30,680 Like what? Come on, If an entire country, 1393 01:11:30,680 --> 01:11:33,200 one of the largest, one of the most powerful controlling 1394 01:11:33,200 --> 01:11:36,600 countries in the world, couldn't kill it, then put the You think 1395 01:11:36,600 --> 01:11:38,480 some nerd can. I don't care. 1396 01:11:38,480 --> 01:11:42,000 What switch does this nerd have? Where's this switch? 1397 01:11:42,000 --> 01:11:44,120 Where's this magical switch that it can do this? 1398 01:11:44,600 --> 01:11:46,880 Opti, get in here. I'm losing my mind. 1399 01:11:48,760 --> 01:11:52,640 Well, so much to unpack there and I just want to hit on a few 1400 01:11:52,640 --> 01:11:54,760 things. Obviously, just leave it packed. 1401 01:11:54,920 --> 01:11:58,680 Yeah, exactly. I'll just hit on some points 1402 01:11:58,680 --> 01:12:01,440 that were kind of percolating in my mind while we were doing 1403 01:12:01,440 --> 01:12:04,320 this. First and foremost, I find it 1404 01:12:04,320 --> 01:12:07,480 incredible that people really still don't understand the 1405 01:12:07,480 --> 01:12:10,560 Streisand effect. I don't know about you guys. 1406 01:12:11,000 --> 01:12:14,160 But anytime someone tells me not to do something, I just 1407 01:12:14,160 --> 01:12:17,440 inherently I It's like a beacon. I'm like a moth to a flame. 1408 01:12:17,440 --> 01:12:19,920 I just like, OK, you don't want me to do this. 1409 01:12:19,960 --> 01:12:22,160 I don't even know if I want to do this, but I think I'm going 1410 01:12:22,160 --> 01:12:24,200 to try it just 'cause you told me not to. 1411 01:12:24,400 --> 01:12:25,840 That's just the type of person I am. 1412 01:12:25,840 --> 01:12:27,480 I know a lot of people are like that as well. 1413 01:12:27,840 --> 01:12:30,680 And also, you know, the Internet is always undefeated. 1414 01:12:30,680 --> 01:12:33,360 Like, the Internet always wins. And if you're going to try to 1415 01:12:33,360 --> 01:12:35,560 stop people from doing things on the Internet? 1416 01:12:36,520 --> 01:12:38,960 It's going to usually be a rude awakening. 1417 01:12:39,080 --> 01:12:42,440 And even though we're seeing, of course, we're seeing very a lot 1418 01:12:42,440 --> 01:12:44,960 of attempts from these dystopian, tyrannical people out 1419 01:12:44,960 --> 01:12:49,320 there to stop people, you know, or stop information freely 1420 01:12:49,320 --> 01:12:51,600 flowing on the Internet. They're they're trying to stop, 1421 01:12:51,640 --> 01:12:54,600 stifle conversation. So we're seeing that these 1422 01:12:54,600 --> 01:12:59,280 attempts are happening, but the Internet will always find a way, 1423 01:12:59,360 --> 01:13:03,440 and entrepreneurs will continue to find ways to rat around 1424 01:13:03,440 --> 01:13:05,000 people stopping them from doing stuff. 1425 01:13:05,000 --> 01:13:08,360 This is like the. The theme of the Internet since 1426 01:13:08,360 --> 01:13:12,600 its inception. OK, next thing on to Dave 1427 01:13:12,600 --> 01:13:15,120 Ramsey. I forget exactly what Dave 1428 01:13:15,120 --> 01:13:19,840 Ramsey is, but I am, I'm, I'm betting, well, not only that I 1429 01:13:19,840 --> 01:13:24,240 I'm pretty it pretty safe to say that you know, he's selling his 1430 01:13:24,240 --> 01:13:26,240 bags. You know he's talking his bags. 1431 01:13:26,560 --> 01:13:31,440 And of course, he probably hasn't done too much education. 1432 01:13:31,960 --> 01:13:33,840 Into Bitcoin. He's probably kind of skimmed 1433 01:13:33,840 --> 01:13:35,280 over it and thought it was a bad idea. 1434 01:13:35,280 --> 01:13:37,640 When everyone, when you know this clip came out, I think they 1435 01:13:37,640 --> 01:13:41,760 said it was $400.00 at the time and what we're at $35,000. 1436 01:13:41,760 --> 01:13:45,440 So obviously there's that sunk cost fallacy where he's just 1437 01:13:45,440 --> 01:13:47,600 sitting in there and like, Nope, you're wrong. 1438 01:13:47,800 --> 01:13:49,880 I think the other clip that I saw of him. 1439 01:13:50,560 --> 01:13:53,200 Circling around recently was him shitting on Bitcoin and 1440 01:13:53,200 --> 01:13:55,280 basically telling millennials to buy houses. 1441 01:13:56,760 --> 01:13:59,320 And then because he's. Heavily invested in real estate, 1442 01:13:59,320 --> 01:14:02,840 so he's basically trying to find a greater fool to dump his 1443 01:14:02,840 --> 01:14:07,840 houses onto. So you know, of course This is 1444 01:14:07,840 --> 01:14:12,040 why we don't go to the everyday Fiat boomer out there and ask 1445 01:14:12,040 --> 01:14:15,680 them about why Bitcoin is the next thing on the block. 1446 01:14:15,680 --> 01:14:18,920 You know we're we're seeing the geriatrics out there as well. 1447 01:14:20,480 --> 01:14:22,680 Clamoring to try to understand what is going on in the world 1448 01:14:22,680 --> 01:14:26,640 and someone in the chat dropped a a great comment and they're 1449 01:14:26,640 --> 01:14:31,840 like I am bullish on the boomers confidence on what is going on 1450 01:14:31,840 --> 01:14:37,040 in the world and they. As as bad as it sounds like, 1451 01:14:37,280 --> 01:14:40,400 they're they're confident arrogance that we are just 1452 01:14:40,400 --> 01:14:43,360 stupid lazy millennials that we don't know what is going on. 1453 01:14:43,360 --> 01:14:45,160 Stupid zoomers. You guys are kids. 1454 01:14:45,160 --> 01:14:46,440 You don't know what's going on in the world. 1455 01:14:46,440 --> 01:14:48,040 Let the adults handle it from here. 1456 01:14:48,320 --> 01:14:50,200 That's what makes me just so bullish. 1457 01:14:50,200 --> 01:14:51,400 Just understanding. Look. 1458 01:14:51,920 --> 01:14:53,360 They're going to get rug pulled so hard. 1459 01:14:53,360 --> 01:14:55,520 And then and then to his point that everyone in the chat's 1460 01:14:55,520 --> 01:14:59,120 losing their mind about the meme of like they'll just turn a 1461 01:14:59,120 --> 01:15:04,200 switch off and turn Bitcoin off. It's literally like the Nintendo 1462 01:15:04,200 --> 01:15:06,600 meme. Like did you unplug it? 1463 01:15:06,600 --> 01:15:09,040 Did you unplug the computer again and put it back in? 1464 01:15:09,040 --> 01:15:11,440 That'll solve the problem. Like, did you blow into the 1465 01:15:11,440 --> 01:15:13,960 Nintendo cartridge? Like this is the the type of 1466 01:15:15,560 --> 01:15:17,600 computer illiteracy we are dealing with. 1467 01:15:18,320 --> 01:15:20,960 But he can. I jump in there for a second. 1468 01:15:21,360 --> 01:15:23,720 So I I you might not be familiar with this because you're not 1469 01:15:23,720 --> 01:15:26,040 much of a video of a video game player, Opti, but you you still 1470 01:15:26,040 --> 01:15:28,440 might get it. OK, Steam is a platform. 1471 01:15:28,920 --> 01:15:32,080 Steam is a place on your PC. It is probably the most popular 1472 01:15:32,080 --> 01:15:34,120 place where you can go and download games. 1473 01:15:34,120 --> 01:15:35,480 You can buy them. Many of them are free. 1474 01:15:35,480 --> 01:15:37,480 Whatever. There are thousands of games. 1475 01:15:37,640 --> 01:15:39,920 There's there's full on porn games on there. 1476 01:15:39,920 --> 01:15:42,280 There's Apex, there's boulders gate there. 1477 01:15:42,440 --> 01:15:45,960 The variety of games on there is probably topped only by the 1478 01:15:45,960 --> 01:15:47,200 number of different crypto offerings. 1479 01:15:47,200 --> 01:15:48,440 Actually, there's probably more games on Steam. 1480 01:15:48,440 --> 01:15:52,240 There are different crypto offerings, but your mom doesn't 1481 01:15:52,240 --> 01:15:55,200 fucking know the difference between this developer and the 1482 01:15:55,200 --> 01:15:58,880 developer doesn't know that. Bethesda is run by Todd Howard, 1483 01:15:58,880 --> 01:16:02,040 who's a fucking hack and a piece of shit liar that is continually 1484 01:16:02,040 --> 01:16:05,560 shilling his garbage bullshit games on a regular basis, 1485 01:16:05,720 --> 01:16:09,360 bamboozling thousands of people into buying the next latest heap 1486 01:16:09,360 --> 01:16:13,120 of trash that is Starfield or Fallout or whatever the fuck 1487 01:16:13,280 --> 01:16:16,080 people playing the next iteration of Skyrim through the 1488 01:16:16,160 --> 01:16:20,280 3000 goddamn time. But then there's also 1000 other 1489 01:16:20,360 --> 01:16:23,040 developers and publishers on there, and each of those are 1490 01:16:23,040 --> 01:16:26,120 comprised of teams that are anywhere from a single person in 1491 01:16:26,120 --> 01:16:29,520 the case of certain things, all the way up to hundreds or 1492 01:16:29,520 --> 01:16:31,920 thousands of people working on a game like the next Modern 1493 01:16:31,920 --> 01:16:33,960 Warfare. It is all over the place. 1494 01:16:34,160 --> 01:16:36,760 But your mom is just like that's the video games. 1495 01:16:37,000 --> 01:16:38,680 Grandma doesn't know the difference between all those 1496 01:16:38,680 --> 01:16:41,360 things. So this bucket that the boomers 1497 01:16:41,360 --> 01:16:44,080 think that video games are is all of these things. 1498 01:16:44,200 --> 01:16:46,640 But if you talk to somebody that actually knows games, they're 1499 01:16:46,640 --> 01:16:50,360 going to go, oh, Boulder's Gate 3 is a thing unto itself. 1500 01:16:50,360 --> 01:16:54,200 It is completely different from some heap of trash. 1501 01:16:54,200 --> 01:16:57,040 Like, well, I don't have any trash games on on my account, 1502 01:16:57,040 --> 01:17:02,680 but I don't know the Modern Warfare or or or or the the 1503 01:17:04,520 --> 01:17:06,080 tell. What's some garbage game? 1504 01:17:06,080 --> 01:17:09,800 Garbage game 123I, I don't know. I don't play garbage games, but 1505 01:17:09,800 --> 01:17:10,960 there are thousands of them out there. 1506 01:17:11,160 --> 01:17:14,520 Some Honka junk, some Starfield. There we go. 1507 01:17:14,520 --> 01:17:15,680 There's a heap of shit right there. 1508 01:17:15,800 --> 01:17:17,760 Or No Man's Sky. When it first came out, I said 1509 01:17:17,760 --> 01:17:19,320 for a long time, like this is not going to work. 1510 01:17:19,400 --> 01:17:20,400 This is not going to fucking work. 1511 01:17:20,520 --> 01:17:21,840 You don't give people an endless. 1512 01:17:23,200 --> 01:17:26,360 It's generated on this randomly generated worlds like a kid with 1513 01:17:26,360 --> 01:17:28,560 nothing to fucking do. That's why they had to go back 1514 01:17:28,560 --> 01:17:30,960 and rebuild the whole goddamn thing from basically the ground 1515 01:17:30,960 --> 01:17:33,880 up to make it actually a game. Surprise, surprise. 1516 01:17:34,360 --> 01:17:37,240 Anyhow, boomers think it's all the same thing. 1517 01:17:37,240 --> 01:17:38,840 It's all video games. It's all the same. 1518 01:17:38,840 --> 01:17:41,200 It's all run by game Newell over in in Bellevue. 1519 01:17:41,200 --> 01:17:43,000 No, no, it's not. It's an offering. 1520 01:17:43,000 --> 01:17:44,400 It's a thing. It's a whole lot of things. 1521 01:17:44,400 --> 01:17:46,440 And people like, Oh well, you can't invest in Steam or you 1522 01:17:46,440 --> 01:17:48,280 can't invest in this. What if you can invest in the 1523 01:17:48,280 --> 01:17:50,120 entire thing that the thing was run on? 1524 01:17:50,120 --> 01:17:51,840 What if you can invest in electricity itself? 1525 01:17:52,080 --> 01:17:55,440 So this is what, what, what David Ramsey doesn't understand. 1526 01:17:55,440 --> 01:18:00,040 He thinks that that Bitcoin is like one of those games and some 1527 01:18:00,040 --> 01:18:02,920 nerd can shut down the development of the that game. 1528 01:18:03,040 --> 01:18:06,720 But that isn't what Bitcoin is. Bitcoin isn't even the developer 1529 01:18:06,720 --> 01:18:10,600 that is making multiple games or a publisher that's publishing 1530 01:18:10,600 --> 01:18:13,720 multiple games. It's not even Steam that the 1531 01:18:13,720 --> 01:18:16,320 games are on that. That would be your Coinbase, 1532 01:18:16,320 --> 01:18:18,680 That'd be your Binance, It'd be your, I was going to say Swan. 1533 01:18:18,680 --> 01:18:21,280 But Swan has one thing. It's not even that. 1534 01:18:21,400 --> 01:18:25,560 It's the electricity that all of these things are using to 1535 01:18:25,560 --> 01:18:30,600 operate. So like that David Ramsey 1536 01:18:30,600 --> 01:18:33,520 doesn't understand. This is .1 where you just go, 1537 01:18:33,520 --> 01:18:36,920 oh, you're an idiot. Moving on to the next video, you 1538 01:18:36,920 --> 01:18:38,120 just don't know what you're talking about. 1539 01:18:38,280 --> 01:18:41,360 It's like having having a toddler tell you a story. 1540 01:18:41,360 --> 01:18:42,880 Who are you going to listen to tell you a story? 1541 01:18:43,040 --> 01:18:45,160 Dave Chappelle, who's one of the greatest storytellers of all 1542 01:18:45,160 --> 01:18:48,400 time on stage, like in person, storyteller or a toddler. 1543 01:18:48,520 --> 01:18:52,760 And Billy had three ones and red one. 1544 01:18:52,760 --> 01:18:55,200 And we were at the park and he climbed up. 1545 01:18:55,400 --> 01:18:58,520 It was so hot. But Jamie said no, because we 1546 01:18:58,680 --> 01:19:03,000 wanted the boots and turned around and like jumping Robin, 1547 01:19:03,400 --> 01:19:07,320 tomorrow would be cookies. Like the fuck did you just say? 1548 01:19:07,720 --> 01:19:10,560 That's not a story? Get the hell out of here. 1549 01:19:10,880 --> 01:19:13,200 Anyhow, I'm ranting. I'm raving. 1550 01:19:13,320 --> 01:19:15,000 My wife is not happy. Yeah. 1551 01:19:15,320 --> 01:19:17,800 You you lost me with the video game stuff, and you're really 1552 01:19:17,800 --> 01:19:20,720 not helping us separate ourselves from the nerds. 1553 01:19:20,720 --> 01:19:24,480 I think Dave Ramsey was right. But before, before I forget my 1554 01:19:24,480 --> 01:19:25,880 point, I go into the meme review. 1555 01:19:27,880 --> 01:19:30,440 There is something there to the idea, you know. 1556 01:19:30,440 --> 01:19:31,800 This is why we are simply Bitcoin. 1557 01:19:31,800 --> 01:19:35,680 This is why we try to separate Bitcoin from crypto as much as 1558 01:19:35,680 --> 01:19:37,320 possible and any chance possible. 1559 01:19:37,680 --> 01:19:43,440 Well, if you are invested in a crypto project like there is 1560 01:19:43,440 --> 01:19:47,240 probably legitimately a switch that they can turn off and rug 1561 01:19:47,240 --> 01:19:49,320 pull you. Hence why Bitcoin is different. 1562 01:19:49,320 --> 01:19:52,440 It's a totally different beast. There is Bitcoin and then there 1563 01:19:52,440 --> 01:19:54,400 is crypto. We like to call them shit coins. 1564 01:19:55,720 --> 01:19:59,200 And that they are not the same. So Bitcoin is entirely 1565 01:19:59,200 --> 01:20:01,160 different. It's head and shoulders above 1566 01:20:01,160 --> 01:20:03,520 the rest. There is wait, wait, wait, 1567 01:20:03,880 --> 01:20:06,360 what's the second best? There is no second best. 1568 01:20:06,480 --> 01:20:08,480 There is Bitcoin and then there's everything else. 1569 01:20:08,480 --> 01:20:09,960 Everything else is trying to be Bitcoin. 1570 01:20:09,960 --> 01:20:15,360 So you know, to David Ramsey's point or credit, he's kind of 1571 01:20:15,360 --> 01:20:16,720 not wrong. When he's talking about all the 1572 01:20:16,720 --> 01:20:19,200 other crypto projects out there that are rug pulling you left 1573 01:20:19,200 --> 01:20:21,120 and right. There is probably a switch they 1574 01:20:21,120 --> 01:20:25,600 can turn off to your favorite. Crypto project out there. 1575 01:20:25,600 --> 01:20:28,160 That is my new decentralized project. 1576 01:20:28,160 --> 01:20:33,680 And anyways, I I really it. Really. 1577 01:20:33,720 --> 01:20:36,120 It's never lost on me. The irony that people do not 1578 01:20:36,120 --> 01:20:37,880 understand how the Internet works. 1579 01:20:38,000 --> 01:20:40,280 They don't understand the Streisand effects, They don't 1580 01:20:40,280 --> 01:20:44,000 understand network effects, They don't understand how computers 1581 01:20:44,000 --> 01:20:45,680 work. I barely understand how computer 1582 01:20:45,680 --> 01:20:49,040 works. But my saving grace is I put 1583 01:20:49,320 --> 01:20:52,760 enough effort into understanding Bitcoin that I understand you 1584 01:20:52,760 --> 01:20:55,040 can't turn Bitcoin off with a switch. 1585 01:20:55,040 --> 01:20:57,040 But hey, you know, if you're getting your financial advice 1586 01:20:57,040 --> 01:21:00,600 from Dave Ramsey and he's doing all this complicated stuff, then 1587 01:21:00,600 --> 01:21:02,800 you then you got to, you know, you got to put on your suit and 1588 01:21:02,800 --> 01:21:06,880 tie on the television so that people can trust you. 1589 01:21:06,960 --> 01:21:08,040 Anyway, let's get in the meme review. 1590 01:21:08,040 --> 01:21:14,440 This is the only reason why Winekas is here, The Daily Meme 1591 01:21:14,440 --> 01:21:21,440 Review. All right, Boys and girls. 1592 01:21:21,560 --> 01:21:25,320 Girls and boys. And everything in between. 1593 01:21:28,360 --> 01:21:33,680 Yes, this is the meme review where you tag me on Twitter. 1594 01:21:34,160 --> 01:21:36,640 Simply Bitcoin TV. Drop them in our Telegram group. 1595 01:21:36,640 --> 01:21:39,240 T dot me slash simply Bitcoin TVI. 1596 01:21:39,920 --> 01:21:42,920 Look in there every morning to get you guys the memes for the 1597 01:21:42,920 --> 01:21:46,320 show. I also check to Twitter, tag 1598 01:21:46,320 --> 01:21:49,840 your favorite memes, tag your favorite meme or tag your own 1599 01:21:49,840 --> 01:21:51,320 memes. I don't, I don't really care. 1600 01:21:51,320 --> 01:21:55,160 We just need memes for the show anyways. 1601 01:21:55,200 --> 01:21:56,960 Tweet to the bullet memes of the artillery. 1602 01:21:57,520 --> 01:22:01,760 You are in an information war and as you can tell we are still 1603 01:22:01,760 --> 01:22:04,040 early to the party. People still don't understand 1604 01:22:04,040 --> 01:22:07,400 why we do what we do. People are still miss educated 1605 01:22:07,520 --> 01:22:12,040 and misinformed in regards to why they need to hold some 1606 01:22:12,040 --> 01:22:14,720 Bitcoin moving forward. Anyways 1st meme is by the 1607 01:22:14,720 --> 01:22:17,040 Bitcoin therapist and it goes history in the making Hashtag 1608 01:22:17,040 --> 01:22:19,680 BTC. Now this one, you know, I don't 1609 01:22:19,680 --> 01:22:20,200 know. Maybe. 1610 01:22:22,520 --> 01:22:27,400 Maybe this feels like, I don't know, I don't think sacrilegious 1611 01:22:27,400 --> 01:22:31,040 is the right word, but maybe this seems like a parody here. 1612 01:22:31,040 --> 01:22:33,480 But it really does feel like there's some time as a 1613 01:22:33,480 --> 01:22:35,960 Bitcoiner. And it goes, we're just getting 1614 01:22:35,960 --> 01:22:39,000 started and it's got the Bitcoin logo and it's, you know, old 1615 01:22:39,000 --> 01:22:40,520 time. You take on the founding of 1616 01:22:40,520 --> 01:22:43,480 America and we got Dorian Nakamoto, AKA Satoshi Nakamoto. 1617 01:22:43,480 --> 01:22:46,960 We have Naive Bukele and we have Michael Saylor. 1618 01:22:48,360 --> 01:22:51,960 And it is them riding the new rules to the road, boys and 1619 01:22:51,960 --> 01:22:54,440 girls. This is where we're moving into 1620 01:22:54,440 --> 01:22:59,640 a new place. I'm reminded of Carlos Carlos 1621 01:22:59,640 --> 01:23:02,440 Matos on Big Connect. We are no longer in the world he 1622 01:23:02,440 --> 01:23:04,640 wants to wear. It's a new world. 1623 01:23:05,280 --> 01:23:07,800 Only you 2017 bitconners will get that one right. 1624 01:23:08,000 --> 01:23:11,680 Next one is Alan B. Watts, AKA Alan B WT on Twitter 1625 01:23:11,680 --> 01:23:13,680 and he goes saving Bitcoin and everything becomes more 1626 01:23:13,680 --> 01:23:16,200 affordable over time. And we got a person here with 1627 01:23:16,200 --> 01:23:17,640 laser eyes. He's in his nurse bed. 1628 01:23:17,640 --> 01:23:19,400 He just got out of a coma and he goes nurse. 1629 01:23:19,400 --> 01:23:23,200 You've been in a coma for 21 months and you the Bitcoin that 1630 01:23:23,200 --> 01:23:25,720 woke up from a coma goes, oh man, how many dollars is my 1631 01:23:25,720 --> 01:23:27,360 bill? And then there's GOES dollars. 1632 01:23:27,360 --> 01:23:33,880 Sir, your bill is 2534 SAT or. 253 bits. 1633 01:23:33,880 --> 01:23:38,400 Whatever your favorite way to denominate Bitcoin, that's the 1634 01:23:38,400 --> 01:23:39,880 future we're going for. I, I. 1635 01:23:39,880 --> 01:23:43,080 You know, that'd be amazing. 21 months. 1636 01:23:43,880 --> 01:23:48,040 Your your your medical bills only 2543 sets. 1637 01:23:48,040 --> 01:23:49,040 That'd be epic. All right. 1638 01:23:49,240 --> 01:23:52,000 Next one by Roman Castro shouts out to you in the chat and he 1639 01:23:52,000 --> 01:23:55,600 goes that feeling when you add to your Bitcoin stack and take 1640 01:23:55,600 --> 01:23:58,000 it into self custody. Hashtag orange pill hashtag 1641 01:23:58,000 --> 01:24:01,680 legend hashtag Bitcoin only stacks at show.com. 1642 01:24:01,680 --> 01:24:03,120 I I don't know what that website is. 1643 01:24:03,400 --> 01:24:06,400 Not fully endorsed yet Roman. Anyways, we got this kid here 1644 01:24:06,400 --> 01:24:12,840 with a big old smile and he's walking with two big bottles of 1645 01:24:12,840 --> 01:24:15,960 wine and the wine is your bitcoins. 1646 01:24:15,960 --> 01:24:17,280 Take your bitcoins into cold storage. 1647 01:24:17,280 --> 01:24:20,720 OK, next one is Maxi's Club on Twitter and it goes 573 rabbit 1648 01:24:20,720 --> 01:24:24,400 hole and we got two Wizards here, not those kinds of 1649 01:24:24,400 --> 01:24:27,800 Wizards. Tomb 2 meme Lord bit corners 1650 01:24:27,800 --> 01:24:31,200 over here and we got a person walking away with the Internet 1651 01:24:31,200 --> 01:24:33,280 of money book. This is literally me. 1652 01:24:33,280 --> 01:24:36,960 And he goes, the the female bit corner goes, will he come back? 1653 01:24:37,840 --> 01:24:41,560 And the other big corner goes no, he has just started studying 1654 01:24:41,560 --> 01:24:43,480 Bitcoin. There's a long rabbit hole. 1655 01:24:44,280 --> 01:24:48,240 You may never hit the bottom, but your life will improve as 1656 01:24:48,240 --> 01:24:51,400 you go down it. Anyways, next meme is by not 1657 01:24:51,400 --> 01:24:53,440 that Elon Eggplant. under score Elon. 1658 01:24:53,440 --> 01:24:56,120 And it goes, Good morning. And here's a picture from 1659 01:24:56,120 --> 01:24:58,280 Breaking Bad. And you know the young kid. 1660 01:24:58,280 --> 01:25:00,040 I don't know the name. I never watched Breaking Bad, 1661 01:25:00,040 --> 01:25:02,200 but I know what's it. Jesse Pinkman. 1662 01:25:02,400 --> 01:25:05,440 Jesse is hugging Walter, I know that much. 1663 01:25:05,960 --> 01:25:08,840 And you. The bit corner is Walter White 1664 01:25:08,880 --> 01:25:11,960 and Jesse's looks. He's looks like he was going 1665 01:25:11,960 --> 01:25:14,080 through some stuff here. And he goes they lost his 1666 01:25:14,080 --> 01:25:16,120 girlfriend here. Like she died from an overdose 1667 01:25:16,120 --> 01:25:18,600 or something, I think. OK, perfect. 1668 01:25:18,840 --> 01:25:20,040 Great reference. And it goes. 1669 01:25:20,160 --> 01:25:22,880 The friend who finally researched how Fiat money works 1670 01:25:23,000 --> 01:25:26,240 and he's crying and hugging you and you're just, you know, 1671 01:25:26,600 --> 01:25:29,880 making sure he takes his Bitcoin into self custody. 1672 01:25:30,000 --> 01:25:32,720 OK, next meme is by stamps. He goes, which way, Western man. 1673 01:25:33,040 --> 01:25:35,680 And this one's pretty funny. This one's a little Meadow, so 1674 01:25:36,600 --> 01:25:38,760 I'm sure actually you guys probably didn't see. 1675 01:25:38,760 --> 01:25:43,520 But anyways on Twitter I guess bored a NFT club or something 1676 01:25:43,520 --> 01:25:46,480 had like a rave or like a party or something. 1677 01:25:46,480 --> 01:25:48,520 It was like epic. There was like very cringy 1678 01:25:48,520 --> 01:25:52,040 videos going around of people, people dancing and like they're 1679 01:25:52,040 --> 01:25:54,280 trying to do like a mosh pit or whatever. 1680 01:25:54,680 --> 01:25:59,640 And apparently they use the wrong black lights and they use 1681 01:25:59,640 --> 01:26:04,880 UV ray lights and they basically blinded and burnt people's skin 1682 01:26:04,880 --> 01:26:07,680 at the party. And here's here's a tweet. 1683 01:26:07,680 --> 01:26:12,160 Here it goes. Babe board Ape Yacht Club goes 1684 01:26:12,160 --> 01:26:16,120 full laser eyes and allegedly blinds Ape Fest attendees. 1685 01:26:16,120 --> 01:26:19,920 This is the headline and here's someone on Twitter with a dot E 1686 01:26:19,920 --> 01:26:22,800 that goes anyone else. Eyes burning from last night 1687 01:26:22,800 --> 01:26:26,080 woke up at 3:00 AM with extreme pain and ended up in the ER. 1688 01:26:26,240 --> 01:26:29,640 I saw a couple just trying to figure out if there was a common 1689 01:26:29,640 --> 01:26:31,600 thread. So apparently they used the long 1690 01:26:31,640 --> 01:26:35,760 the wrong light for the rave and they were blinding and burning 1691 01:26:35,760 --> 01:26:38,320 people's skin. Wow. 1692 01:26:38,760 --> 01:26:40,640 Absolutely incredible. And these just people. 1693 01:26:42,720 --> 01:26:44,320 All right. Anyways anyway then on the 1694 01:26:44,320 --> 01:26:45,800 bottom it's the which way Western man. 1695 01:26:45,800 --> 01:26:50,440 We got the meme factory here and the Bitcoin supply and inflation 1696 01:26:50,440 --> 01:26:53,320 over time. And I'm thinking this isn't a, 1697 01:26:53,760 --> 01:27:01,040 you know, just a a sly nod to the having party in El Salvador 1698 01:27:01,600 --> 01:27:03,880 in March. And on that note, check out the 1699 01:27:03,880 --> 01:27:06,160 having Party MF on Twitter And he goes Bitcoin doesn't care. 1700 01:27:06,160 --> 01:27:09,040 Don't do a wee and here's a coin that goes. 1701 01:27:09,520 --> 01:27:12,040 You know them? Isn't Bitcoin down 50% from its 1702 01:27:12,040 --> 01:27:13,640 all time high? And me? 1703 01:27:13,640 --> 01:27:15,240 Yeah, why? And it's just like a little 1704 01:27:15,240 --> 01:27:17,880 ducky on a swing with the smile Duck is adorable. 1705 01:27:18,040 --> 01:27:19,640 It's like me. I don't care, you know. 1706 01:27:19,640 --> 01:27:20,640 I just. I don't care. 1707 01:27:20,640 --> 01:27:24,360 This is a game of accumulation. I'm playing Hungry Hippo. 1708 01:27:24,520 --> 01:27:26,480 I want as many sets as humanly possible. 1709 01:27:27,640 --> 01:27:30,520 This is the way anyways. Drop your meme reviews going in 1710 01:27:30,520 --> 01:27:38,280 the chat as we cover ours live. And we will cover yours live as 1711 01:27:38,280 --> 01:27:38,960 well. I'm. 1712 01:27:38,960 --> 01:27:40,360 I'm getting the music ready. All right, all right. 1713 01:27:40,360 --> 01:27:43,680 Mine is all right. You ready for this one? 1714 01:27:44,640 --> 01:27:46,400 Mine. Is I I think they're called shoe 1715 01:27:46,400 --> 01:27:50,880 trees for leather shoes to keep them in shape and to keep keep 1716 01:27:50,880 --> 01:27:54,760 their form. What you guys know about that? 1717 01:27:54,760 --> 01:27:56,840 What What you sneaker heads know about that? 1718 01:27:57,160 --> 01:27:58,640 All right. Anyways, Dale, what's your main 1719 01:27:58,640 --> 01:28:01,400 review score? McDonald's. 1720 01:28:01,400 --> 01:28:05,120 Coffee wrecked McDonald's makes me. 1721 01:28:05,120 --> 01:28:06,600 Happy. I don't care what people say. 1722 01:28:07,160 --> 01:28:10,880 Wow, Whinakiss, You better troll him in the in the chat because 1723 01:28:10,880 --> 01:28:14,960 he gives me so much shit for enjoying a Big Mac. 1724 01:28:15,280 --> 01:28:17,760 Actually 1/4 pounder with the Big Mac you smash. 1725 01:28:18,680 --> 01:28:21,040 Next level, Next level. OK, all right. 1726 01:28:21,160 --> 01:28:26,040 Hence Whinakiss is in the chat. Scan the QR code guys. 1727 01:28:26,640 --> 01:28:28,440 Support us. Get yourself some simply Bitcoin 1728 01:28:28,440 --> 01:28:29,880 merch. We have the T-shirts, we have 1729 01:28:29,880 --> 01:28:33,000 hoodies. I will get you guys the hats I 1730 01:28:33,000 --> 01:28:35,480 know you guys have been wanting the hats we have. 1731 01:28:35,480 --> 01:28:38,440 I literally looked at some designs this morning from one of 1732 01:28:38,440 --> 01:28:41,480 your guys's favorite Bitcoin artists out there. 1733 01:28:41,480 --> 01:28:43,680 We are working on something for you guys. 1734 01:28:43,680 --> 01:28:47,720 We will get the women cuts. But guys we appreciate all the 1735 01:28:47,720 --> 01:28:49,040 support for. Actually first and foremost 1736 01:28:49,200 --> 01:28:52,440 Stack Sats first. This is the most important thing 1737 01:28:52,440 --> 01:28:54,040 to be doing. Stack Sats for yourself. 1738 01:28:54,760 --> 01:28:56,920 But if you enjoy what we're doing here and you think we're 1739 01:28:56,920 --> 01:29:00,520 providing value to you guys, get yourself some merch. 1740 01:29:00,520 --> 01:29:04,240 It really helps us out. It's going to help us remain as 1741 01:29:04,240 --> 01:29:06,920 independent as possible. You know, I know you guys give a 1742 01:29:06,920 --> 01:29:09,640 shit about the ads. I see you guys well by our 1743 01:29:09,640 --> 01:29:13,600 merch, so maybe we can not have so many ads so that we can do 1744 01:29:13,600 --> 01:29:15,320 this every day and pay our whole team. 1745 01:29:15,480 --> 01:29:19,720 It's much more than just Nico and Dell and Ruston and I and 1746 01:29:19,720 --> 01:29:21,760 wine and every and soph like that. 1747 01:29:21,760 --> 01:29:25,240 We have a whole team here and we're trying to make this into 1748 01:29:25,280 --> 01:29:26,600 something that we can survive on. 1749 01:29:26,600 --> 01:29:28,920 So get the merch, guys. It really means a lot. 1750 01:29:28,920 --> 01:29:30,320 Keep us as independent as possible. 1751 01:29:30,320 --> 01:29:36,200 OK, anyways, let's get into the meme review scores. 1752 01:29:39,120 --> 01:29:41,320 OK, OK, let me see. I'm going up. 1753 01:29:41,320 --> 01:29:45,960 I'm going up. Let's find the first one. 1754 01:29:50,480 --> 01:29:55,400 OK, OK, first score. BBC is true score, not those UV 1755 01:29:55,400 --> 01:29:58,520 rays. Yes. 1756 01:29:58,720 --> 01:30:00,720 Next one, Elaine. Score. 1757 01:30:00,720 --> 01:30:04,080 Bitcoiners use love to bring boomers into the bright orange 1758 01:30:04,080 --> 01:30:05,040 light. Yes. 1759 01:30:05,520 --> 01:30:09,280 OK, Next one is J Dub, the Laker 21 mil goes mean score. 1760 01:30:09,280 --> 01:30:13,360 Dale doing an entire show, and Dave Ramsey voice. 1761 01:30:13,360 --> 01:30:16,880 OK, Bitcoin. Bugle my score. 1762 01:30:16,880 --> 01:30:18,640 My eyeball. Because it's not blind. 1763 01:30:18,640 --> 01:30:21,000 Because I'm not a shit coiner. Yes. 1764 01:30:21,760 --> 01:30:26,560 OK, Mclovin meme score. Jerome Powell will have a total 1765 01:30:26,560 --> 01:30:29,240 mental breakdown on live television in the near future 1766 01:30:29,240 --> 01:30:32,240 and tell everyone to buy Bitcoin Hammer saw. 1767 01:30:33,040 --> 01:30:35,680 I give those memes a helmet. Yes. 1768 01:30:35,680 --> 01:30:38,000 OK, let's see. Do we have some? 1769 01:30:38,080 --> 01:30:41,840 All right, we have some meme review scores over on Rumble 1770 01:30:42,720 --> 01:30:45,600 UTXOI. Give the memes a pair of shoe 1771 01:30:45,600 --> 01:30:47,920 tree brand last for Opti's shoes. 1772 01:30:47,920 --> 01:30:49,560 Yeah. See we got a man of culture over 1773 01:30:49,560 --> 01:30:51,880 here. OK, John Platt meme score. 1774 01:30:51,880 --> 01:30:56,960 Dell attacks for 2D20 plus one D4 for hair. 1775 01:30:57,920 --> 01:31:00,440 I I I'm done for that video game. 1776 01:31:00,440 --> 01:31:02,200 I I don't. I don't. 1777 01:31:02,240 --> 01:31:07,440 OK, Winekis score. Dell pointing his hair to 1778 01:31:07,440 --> 01:31:08,880 number. Go up direction. 1779 01:31:10,160 --> 01:31:11,200 Dale pointing his hair to number. 1780 01:31:11,200 --> 01:31:12,160 Go up direction. OK. 1781 01:31:12,240 --> 01:31:13,680 OK. All right. 1782 01:31:13,680 --> 01:31:20,480 Is there another one? OK, It wasn't that we were out 1783 01:31:20,480 --> 01:31:23,920 of scores, it was that there was no Oh, Matthew. 1784 01:31:23,920 --> 01:31:28,160 OK, OK, Matthew J. Meme score one Bitcoin hat. 1785 01:31:28,160 --> 01:31:29,960 Yes. We will get you the hat soon. 1786 01:31:30,240 --> 01:31:32,360 Meineke's you. You're seeing it here. 1787 01:31:32,560 --> 01:31:34,880 They want the dad hat and the snapback. 1788 01:31:34,880 --> 01:31:36,760 They're constantly trolling me about it. 1789 01:31:38,480 --> 01:31:42,240 OK, All right. Anyways, thanks for filling in 1790 01:31:42,240 --> 01:31:43,360 Dow. Appreciate you. 1791 01:31:43,360 --> 01:31:48,120 I don't know. Tell the people what are you 1792 01:31:48,120 --> 01:31:51,880 working on. I'm going to make a video 1793 01:31:51,880 --> 01:31:56,480 breaking down inflation and deflation and why number go up 1794 01:31:57,360 --> 01:32:01,240 is bad in terms of prices and inflation And why is my rent 1795 01:32:01,240 --> 01:32:02,840 more expensive and oh, I got a raise. 1796 01:32:02,840 --> 01:32:05,040 Isn't that a good thing? No, it's not. 1797 01:32:05,800 --> 01:32:08,880 You only got a raise to keep up with the prices because if you 1798 01:32:08,880 --> 01:32:11,000 don't keep up the prices, you're going to go and find another job 1799 01:32:11,000 --> 01:32:12,520 where you are. That's the only reason. 1800 01:32:12,520 --> 01:32:14,240 Yeah. So, yeah, about inflation and 1801 01:32:14,240 --> 01:32:16,480 deflation. Perfect. 1802 01:32:16,480 --> 01:32:17,120 Perfect. All right. 1803 01:32:17,160 --> 01:32:18,520 Yeah. Well, thanks for filling in 1804 01:32:19,080 --> 01:32:21,160 anyways, guys. This is our show. 1805 01:32:21,160 --> 01:32:23,440 As you can see, it's going a little longer than usual. 1806 01:32:23,440 --> 01:32:27,000 But like, share, subscribe, all that good stuff, spread all 1807 01:32:27,000 --> 01:32:29,720 Bitcoin content. This is the way it's really 1808 01:32:29,720 --> 01:32:33,080 about planting the seeds into people's minds and spreading the 1809 01:32:33,080 --> 01:32:35,560 Bitcoin signal. This is all we can really do as 1810 01:32:35,560 --> 01:32:39,760 we continue to stack SAT while people don't understand how 1811 01:32:39,760 --> 01:32:43,960 stupidly cheap Bitcoin is. So make sure you're stacking 1812 01:32:43,960 --> 01:32:46,480 Bitcoin, taking it into custody, this is the way. 1813 01:32:46,480 --> 01:32:49,080 Anyways guys, we will see you tomorrow for our number show. 1814 01:32:49,320 --> 01:32:51,560 Nikko will be back. Until then, have a good rest of 1815 01:32:51,560 --> 01:32:52,800 your day. Get outside. 1816 01:32:53,240 --> 01:32:55,600 Eat some good food. Hang out with your loved ones. 1817 01:32:55,600 --> 01:32:58,080 This is the way. This is how we continue to build 1818 01:32:58,440 --> 01:33:03,400 the Bitcoin community and make sure we are soldiers ushering in 1819 01:33:03,400 --> 01:33:04,920 the bright orange feature. All right, peace out.