Yo today is September 6. 2022. Welcome to Simply Bitcoin live.
We are your number one source for the peaceful Bitcoin
Revolution recover, the breaking news culture Dramatic Warfare,
we will show you why only Bitcoin can give you true
Financial sovereignty. Today, we have a very special
show lined up before I get to that.
I want to say a very special, hello to our guests.
How you doing Mel? I'm good.
How are you? Welcome to the show and, of
course, a representative from Bitcoin Freedom Day in El
Salvador. How you doing?
Hey, doing great. How are you?
Welcome to the show and, of course, my legendary co-host.
Optimus Fields, how you doing, buddy?
I hope everyone. Good morning Nico.
I like this view, bro. This this is looking really
pretty up here. We're looking real good.
It's definitely, it's definitely a change up.
I definitely doing a little bit of a curveball anyways today
guys, we have a very special show lined up.
We're going to talk a little bit about Bitcoin Freedom Day.
What is it? Why you should care?
Where is it located? How could you find more about
it? And of course we're going to
talk about the pool in situation, one of the largest
Bitcoin mining pools rug. What does it mean for Bitcoin?
Does it affect Bitcoin? We're going to get to all that.
Of course, it doesn't affect Bitcoin.
You can't kill the honey badger. Anyways we're going to get to
that. We're going to get to the
details. But first Opti what do you have
lined up for us today? Okay.
Well guys, it was Labor day yesterday and Bitcoin mag
dropped an awesome article about Bitcoin, giving people back to
Power. And considering that I was once
a labor myself, I dug, ditches and my family are still blue
collar workers. I find that this is a special
place in my heart and I want more people to To hear this
signal. So we're going to cover this
article and, you know, related to bitcoin and how you guys can
build your life better. Optimus feels is bringing the
Eternal optimism. I love it.
I love it, man. All right, let's get some
numbers, everybody. Number two brought to you by not
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at the time of recording the Bitcoin price.
That nineteen thousand seven hundred and thirty SATs.
Poor dollar also known as Moscow, time 5068 block height,
750 2909 reachable Bitcoin nodes 14,000 451 blocks to The
Happening that couldn't come any sooner 87,000 91 having
estimate. April 22nd 2024 total lightning
network capacity. 4673 Point. 69 Coin.
That's an estimated value. And khakha Fiat, 92 million
dollars, realize monetary inflation 1.78 percent market
capitalization 377 billion US dollars with the be but Bitcoin
is still a baby. Anyways today I want to talk
about something interesting and it really when I started
thinking about this is because I ran into this tweet, right?
This is by, Javy are have, obviated blasts and he says the
size of the UK energy Is off the charts.
According to Alex on top of the 130 billion pounds to freeze
household energy bills list trust which is a new prime.
Minister of the UK is mulling another 40 billion for small
businesses. Now, why did I think this was
interesting? Well, we actually covered this a
couple days ago and we went through what the inflation rate
is in the UK, and it's already a 10.1% and they want to print 80
billion pounds. That's about little bit less
than 5% of the GDP and then that reminded me there is this tweet
about a year ago roughly a year ago from Jack Dorsey the ex-ceo
of Twitter the founder of Twitter.
Now he's working full-time and Bitcoin.
He says hyperinflation is going to change everything it's
happening. Now, this is a crazy situation.
They already have an inflation rate of 10% because Central
bank's experimented over the last two years, they Out into
the modern monetary bullshit and they thought, hey, we could put
we could print a record amount of money and there will be
absolutely no, absolutely, no consequences.
And now they're in a pickle because of the policies because
of the war with Russia and Ukraine, all of that stuff.
Now they're in a pickle in an energy pickle and energy crisis,
right? And their only solution.
I think the only thing they know how to do is print.
But they're going to print this much money with 10% inflation.
It's absolutely crazy and it's not only me thinking this as
well. Well accidentally I ran into
this tweet by Lawrence Lepard, which we've had on the show
before he says, this is an enormous step printing to
subsidize higher energy costs. Early Weimer ization, 5% becomes
even larger than. And now I know what a lot of you
guys are thinking psycho, but it hasn't happened.
Then you have to zoom out. You have to look at history.
How long did the hyperinflation take in the Weimar Republic,
right? It took from really, it started
picking up 1919 and it really You went crazy, two three, four
years later. So if you think about it from a
historical perspective, dude, I think we might be in the first
inning of something that we have no idea what the ending
consequence will be. I'm just happy, I'll be in
Bitcoin. I don't know how Bitcoins going
to react to this all I know though is that it's 21 million
divided by Infinity. So I feel a lot better and being
something that has absolute scarcity.
There's a cap Supply then being in something that is unlimited
dude and look this is fucking crazy dude.
They're printing a record amount of money again with 10%
inflation already entrenched. And by the way this isn't only
the UK this is Europe solution to the energy crisis as well,
right? Anyways, Bitcoin, Freedom Day,
what are your thoughts on this? Well, geez.
Louise to start now. Inflation is a scam.
That's I mean that's my base. Thought is initial inflation to
scam. The fact that they can just
print money and impact the value of our time.
It's a scam and it's been getting worse since they
basically went off of the gold standard and it's not going to
get any better ultimately see Bitcoin as a huge player and
fix. That the context is the so
Bitcoin, fixes, everything. Amen to that Mel.
What are your thoughts on this? It's confusing.
I mean I read it and I look at it and I'm confused I don't know
what's going to happen. Some of it I think is Supply
shock. Some of it is definitely
inflation, but I don't know. I think we're kind of in a new
like the the money printer thing really accelerated in 2020.
So like I don't know what's going to happen with this.
I mean, it doesn't seem good but it's confusing.
It's definitely confusing and I think I think you really buried
the lead there. Right?
Which is most people have no idea what's going on.
Like they have no idea what's going on Opti.
Do you believe this is the beginning of hyperinflation
Europe which inevitably is going to affect us in the u.s.?
Well, I mean what do I know? I am just you know, Bitcoin are
on the internet that sees what, you know, sees the writing on
the wall but it's absolutely crazy to see.
Double-digit inflation Western countries.
Like this is something that we only really see in third world
countries and now, you know, it's happening in Europe and in
the UK and it's like I'm just reminded of something that you
told me last week. It's like, whatever happens in
Europe is just a precursor of what will happen in the United
States. So if we're seeing this happen,
it's not looking too good for us over here in the United States.
And then furthermore that Y Mart chart that you, that you brought
up like it absolutely blows my mind.
How fast hyperinflation. And it was what like 23 years,
it just goes exponential. It's like, this is absolutely
crazy. What's that like four years or
something? Like that's that's not to me.
So if this is the case guys the next four years is going to get
even more brutal and what we've been saying for a while here the
energy prices like they can try to control the price of energy
and they seem to be doing that right now.
You know you hear all this talk about Russia and how they you
know, they're not going to interact with.
Countries that are trying to control the price of energy and
it's like it's not looking good for these Western Nations that
are trying to go up to the biggest energy, producers in the
world. And furthermore, the fact that
we continue to print money, the fact that the money printer is
going to continue to Gober and no one even sees that this is
the problem. It's absolutely terrifying.
It's like, how long can they kicked us?
This can down the road, where people don't know what is going
on. Exactly.
So like, oh man, is it an example of hi?
For inflation. I mean, as a bit coiner, of
course I'm going to say yes. But like, how long can they, you
know, Barry all this under the surface and most people don't
understand what's going on. Probably a little while longer.
So are we in hyper inflation rate right now?
I don't know. I don't want to be hyperbolic
but it does feel like we are getting to this point of no
return and things are going to you know the gradually then
suddenly meme is about to explode.
So absolutely. I don't know.
Nico broke. Remember remember, As the at the
end of the day, what for hyperinflation to happen, there
needs to be a mass, Awakening to people realizing, holy crap, the
money's worthless, and then people are trying to exit the
money and mass, right? That is that is what when
hyperinflation happens, hyperinflation doesn't happen
because they're just printing a crap ton of money.
It's more of a psychological thing.
A social psychological thing, that happens all at once, right?
But I'm also not an economist, so don't hurt me.
New one. But anyways, let's get to the
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All right, so this is it. I do the videos were going to
talk about today and we're going to get to pit coin Freedom day
as well. But first of all, what's going
on with pool. And first of all, I have to tell
you what pulling is pool in was a mining pool that controlled
nine-point went not controlled. That was the wrong word but that
represented 9.2 percent of the hash rate people chose to use
pull in. Of course, why do people use
mining pools because it takes away that it gives you more
stability as a minor right? Gives you more profit stability
if you didn't use a mining pool. Think about it.
Unless you had a significant amount of hash rate, sure you
would find a block eventually, but it would be very expensive
for you to do that for a considerable amount of time.
So what do people do? They pull their resources
together to better increase the probability that they find a
reward and what these might with these large mining pools do as
well? Is that they shoulder a lot of
costs to give people reliable amount of profit, right?
So that's Why people use mining pools.
But but just because of mining pool has nine percent or 9, or
16 percent or twenty one percent, doesn't mean that they
own all of that hash rate. It's just, it's decentralized is
people choosing to use that mining pool for profit
stability. Anyways, so what happened?
So pool in it's a huge mining pool represented. 9.2 percent of
the hash rate, it's a Chinese mining pool.
I might add this pool in one of the world's biggest Bitcoin
mining pools acknowledges liquidity.
Issues. This came out September 5th, so
this came out on Sunday. Let me read a little bit about
that as pulling one of the world's largest Bitcoin mining
pools sought to assure users. Their funds are safe while
acknowledging it is facing liquidity issues.
So your funds are safe, but you can also not withdraw.
How does that work? It sounds a lot like Celsius to
me, pool and CEO founder, Kevin Panic knowledge, at the
company's lacking liquidity but said user assets are safe pan
wrote that. The company's net worth is still
positive and that there will be soon be a plan as to how To deal
with the issues around the same time, a message posted to the
pools Chinese telegram account sought to reassure customers,
and dispel rumors of a rug pull. The mining pool and wallet,
operate independently, and long-awaited times for
withdrawals are due to risk management, the pool.
See the post said now, the risk management wording is very
similar to what we heard from the Celsius guys very suspicious
there. Anyways, there was an update to
this article. It says Poulin one of the
largest Bitcoin mining pools suspends withdrawal from wallet
service. So it looks like they're not Not
allowing withdrawals at this moment in time, they frozen but
the name of the title of the video, right?
Is what I wanted to address today.
Does this affect Bitcoin, right? No, because what are those
miners do as soon as they hear that their mining pool is no
longer paying out? Why would they want to keep
their Hardware there? That makes absolutely no sense.
You're literally mining at a loss, right?
They rug pulled use of what do they do?
Those miners switch to another mining pool and now check take a
look at this and I think this is really represents the beauty of
Bitcoin pool. Went from 9.2% to right now
they're down to 5.88% and it continues to go down right?
That's losing 5% of the hash rate that was with them.
Right? Because people what did they
say? They did they took their Miners
and they pointed it to another mining pool because they said
this mining Pool isn't reliable. So you have Bitcoin doing its
thing again right now. Corey Clips in the shit coin.
Slayer came out with something. Really interesting.
Could this be related? Now, here's the thing, guys.
If you go down the path of shit coronary, you get shit coin
results, right? Corey said all the way back in
February 2012, one 2021 pool in was in to defy yield farming.
What could possibly go wrong now?
Does this one have to do with the other?
I don't know. And another bad sign, right?
If you go to the pool in Twitter account, They haven't tweeted
anything since September 2nd that sure.
Looks like a rug pull to me. So crazy news, one of the
largest Bitcoin mining pools that represented Once Upon a
Time up to 9% of the Hatchery. Pulled out miners are already
switching to other pools. Because why would they mind for
free? And I think that really puts to
bed. A lot of the rumors that a lot
of the shit coiners did especially when they were coming
to this realization that perhaps etherium Can be censured by the
US government. A lot of their excuses were hey,
you know, Bitcoin. There's only there's only a
handful of mining pools, right? Well just because there's a
handful of mining pools because people want to make sure that
their revenue isn't crazy volatile.
Right. They pull their resources pre
pool their resources together to ensure profitability, right?
To make sure that hey if I'm mining I know that I'm going to
get a certain amount of back certain amount back so they they
do it more. So out of convenience, it
doesn't represent. Isn't centralization.
What? So what?
So ever. And the situation with pull in
really represents that, right? Because it shows it's like
people realize pull in socks, right?
I'm going to switch to another mining pool.
Now here's the thing. If mining pool start censoring,
and if you start hearing about it, what are people going to do?
They're going to get up and choose another mining pool as
well, right? So anyways, yeah, another
example of what doesn't kill Bitcoin makes Bitcoin stronger
and I was reading what mr. Hodda Saying yesterday, he said
that in the early days of Bitcoin, this was very common.
I think that we just haven't seen this in a very long time
and pool in was a very well-known mining pool as well.
I don't know about respected. I don't know about that but it
was a very well-known mining pool, you know?
So it is kind of a big deal that it just switched, you know, it
just switched off, just like that.
Now we do have Marshal long coming on the show on Friday and
we do have also the CEO of Luxor - Mining and we're going to get
more into the intricacies, more into the details, more of what
it means. So we are going to cover the
technical stuff as well. That's going to come up on the
Friday show, but what you guys should know?
And this is, you know, we put this in the thumbnail of the
video is that, no, this is not affect Bitcoin.
Bitcoin is not in danger. If anything this just made
Bitcoin stronger like everything does anyways Opti, what are your
thoughts brother? Well, you know bear Market
seemed to weed out the inefficient and Shady operation.
So this is just a feature, not a bug boy.
I was going to Echo what Paul said in the chat of like, how
does a mining pool have liquidity issues?
Like if there's people mining in the pool, they should have the
liquidity and Jason added added a context.
It's like they tried to add extra rewards that, you know,
brought people into into their mining pools.
So, well, they also attract, but also to be fair, no, nobody, I
don't know, maybe they got it to defy it at the same time, right?
If they're holding a bunch of Bitcoin, what makes something
they're not. Waiting on the Bitcoin, that
thing hacks, right? Yeah.
So probably tried to short the market, they're just like, oh
let if we make this because I think about if they get it
right, everyone wins, right? If they get it wrong then kind
of sucks and Celsius had that type of mentality as well what
could go wrong, right? But look another component is
that in order to provide profit stability for the miners
sometimes because remember like at the end of the day, Bitcoin
mining is just guessing, right? Yes, if you have a big
percentage of the hash rate, you can have a pretty good
possibility of how many times you could find a block what
percentage of the times, you will be the one that finds the
block. However, dude, there's and you
guys have seen this, there's some times there'sthere's an
hour without a Bitcoin block being found, right?
You never know 100%. So what what mining pools have
to do is that they have to shoulder the cost in the
meantime to ensure profitability for their miners.
It isn't as simple as like. Okay, it's especially hard for
the smaller mining pools as well.
So, it isn't as simple as like, oh no, they should have just
kept, the money should have handed it out, dude, sometimes
you get unlucky, and sometimes you have to give payouts and it
have to come out of your pocket, right?
So I don't know, man. Just another component, but we
are going to get more into the technicalities on Friday's show.
Anyways, Mel, what are your thoughts on?
This is this just another another, another rug pulled
during the bear. Mark, I love the bear Market
because it exposed the bad, the bad players.
Agreed. When I saw this first pop-up, I
sent the sent it on to a friend of mine who works for one of the
big Miners and said, what the hell is this?
And he wasn't real sure, but did stay, wow.
He's a pretty respected guy and it seemed to be surprising to
him. That's all I got.
Okay, I haven't got many more answers from him yet besides
that but he did not look at this and go.
Oh that's no big deal but he did look at it and go oh boy and boy
that guy was kind of respected and I have to say for yellow.
Moussaka is my favorite Greek food about that.
Yellow. Yeah, there you go.
Yellow yellow. Somehow he always makes it onto
the show. I know that's not how you spell.
Booster. God, yellow yellow has been
bumming yellows. Been bumming at my house for the
last month or so I haven't been able to get him out of here.
He's been in the walls. It's very strange.
Anyways Bitcoin, Freedom Day. What are your thoughts on this?
Hmm. I'm not our teams mining expert
that would actually be a lot of a lot of media.
Valid she's producing the dirty coin documentary, all about the
coin, Manning's Innovations to energy.
I don't have too much to say on that really all good.
No worries things are. It's Bitcoin is Unstoppable.
They we've always seen the hash rate recover when they shut down
all those miners in China. And there was all those pictures
going around of them. Bulldozing them and it bounced
right back. So personally not too concerned
about things like that, just because I think we've seen it
evidence that it will bounce back.
You cannot stop it. I mean, it literally is very
like come and get it, you know? Absolutely, I think that's
really the message here, right? Is that Honey Badger, Don't
Care. Just makes it stronger.
The miners are just going to pick another mining.
Pull that well, rug pull them obviously but I am I'll say this
though, guys, and this is slightly concerning right?
Is a good percentage of the hash rate is located in the United
States and we know that the office of foreign assets control
which is a US Treasury has tapped on the shoulders of
marathon and then they did their ofac compliance blocks.
So I wouldn't be surprised that in the future, specifically
mining pools in the United States.
The treasury tries to pull a fast one and says, hey you guys
could only mind blocks that are ofac compliant.
Meaning, they would sensor Bitcoin, there were try and
Iranian or Venezuelan mining pool is gonna go along with
that, right? So I mean, but they'll try of
course, they're going to try and look, if there's that lie, if
there's, at least one mining pool, that isn't censoring
transactions, and that block Gets added on to the blockchain,
it's there forever and it doesn't care about you know, so
cold white listed her black list of transactions.
But that's where I first. I first received that coming
though, that could be an issue. But anyways, I want to talk
about Bitcoin Freedom day. It's an awesome event that's
being thrown in El Salvador. Why didn't you tell us more
about it Bitcoin Freedom Day. I would love to.
So the coin Freedom Day is a free mostly virtual conference
party celebration thing of sorts made for the Bitcoin Community.
By the Bitcoin Community. It's in a couple other people,
Ilan. I mentioned earlier, good friend
of our Skaggs, and then be welcomed platform, they have
donated their full Suite of services to us.
So we can throw a big International and again, free
celebration for the Bitcoin community.
So we're still getting everyone's Media announcements
as they get them in but we have a lot of really strong.
And I'm like, man, my opinion important voices in the space.
You're just going through the motions.
Are you guys can recognize some people, we've got hottel
tarantula. We've got Tomer.
We actually have the chivo wallet giving a presentation as
well. I know the chief of all it has a
little bit of a controversial presence but really looking
forward to what they're presenting and like more
education that front it's going to be very Bitcoin mining
focused as well. It is A coin mining month.
So there's an entire panel on hash citadel's that's being
curated by Leonardo DiCaprio from Bitcoin Twitter and then
there's another pose like the the actor?
No, this one's better. He's a Leonardo DiCaprio.
He's a, he's pretty big in that Twitter spaces.
He's always popping in and out. If you've been in a lot of
Twitter's faces, you might recognize them.
And then yeah and then there's a going to be a big mining panel
that Alana is going to be emceeing or moderating.
So it's going to be a lot of fun.
It's going to be 11 a.m. eastern until about 6:00 p.m.
Eastern. It's fully remote.
There is events in El Salvador happening as well.
If you're on the ground there, we also have a panel of people
from El Salvador, kind of checking in and talking on their
experiences and a lots of politicians checking in as well,
yellow. Yes.
I mean, your GM's might get it. Why does yellow know everybody?
Its kind of weirds me out. He's everywhere and nowhere at
the same time. Anyways, after you want to chime
in on this that you were the one that that brought it to us.
Yeah, I mean II thought, you know, this is something that the
Bitcoin Community I hate using the word Community but I thought
people should hear about this more, you know it's been one
year since since the The Faded day to else.
David or made Bitcoin legal tender.
And you know, when I saw that it was like a holiday of sorts.
It was like, yeah, let's get them on the show.
Let's have more people celebrate this because we've been saying
it all the time, you know, people need to make it down the
El zonte as like a Mecca like a Bitcoin Mecca.
And I did it this year and I absolutely had a blast and I
can't wait to get back down there.
And so, you know, I just feel that people should have just
know about this because I didn't I didn't even know about it
until like last week or something.
And so that's why we brought him on so that we can you know,
spread the signal and have people celebrate tomorrow.
It should be a Bitcoin holiday and and I love what you guys are
doing. So this is why we brought you on
so that more people can know what's going on and, you know,
kudos to you guys. And I just hope to see this
continue going down that we celebrate this every year.
Because not me and you know, say what you want about nation-state
adoption of Bitcoin but El Salvador or Bitcoin put El
Salvador on App and and Bitcoin and El Salvador together will
always remain as the first nation to adopt Bitcoin.
And, you know, as a Bitcoin, ER, it's something that will go down
in history. So this day is a very important
day. Alright.
So we have more like politicians and attendance to I believe we
have confirmation from the president of liberland.
And then a lot of big voices and like the political hemispheres
are going to be joining as well to speak on different panels.
So yeah love it or hate it you know governments are going to
try and do stuff with it regulate it or not Legalize It
or Not so might as well try and push for the right side of
History try and push for the right narrative to go forward
which is Bitcoin is money, its freedom money, its freedom,
money. Amen.
To that speaking of conferences, speaking of events for anybody
that doesn't know Mel is the genius behind a lot of them.
I'm not going to say which ones. But not even, she's being humble
but she is sure. So she is mine Mel.
What have you seen? And we were actually texting.
We were we were we were texting. We were having a conversation
about this. What have you seen?
What has been your reaction to the growth of the Bitcoin
events? The fact that they just continue
to get bigger and bigger and bigger every year?
What has been your experience? With that.
So one of the things that I saw at little bit block, boom, that
was kind of fresh and new to me was the amount of businesses
that sent people to learn. And, you know, the amount of
bit, it's not just us nerds who all love Bitcoin and are just
hyper focused on it because of all of the amazing things about
it. Now adding People, we're getting
businesses. We're getting, is this a
different vibe? And it's a good.
It was a great Vibe, but it was very, very different than say,
unconscious Cable in 2020. That was a little bit more
individuals who were passionate about Bitcoin coming and joining
together as well as people who have been a space.
A long time I saw so many new faces that at in Austin that it
really gave me a lot of Hope and Faith in the Hawaiian.
Why is that? Why did they give you Hope and
Faith? Because I can see the okay, let
me, let me, let me just say to you this way.
Back in 1998, I quit my full-time job to sell online,
sell on eBay. And at that time, everybody
said, oh, that's bananas, nobody's going to send you
money. Nobody is going to wait for this
and that and I could see straight down the line.
Like this is where we're going. We're going to be buying and
selling online. This is how this is, how the
world's going to work. And that is what I see with
Bitcoin. It's the only other time in my
life. I've seen that straight down the
line path and you can see the ending and how this is all going
to kind of come together. So I felt like bit black.
Boom, I saw that I saw a new stage of it and I can.
And then the fact that we're in this bear Market, well I
certainly didn't hear anything about a bear Market there and it
didn't feel like a bear Market. And there were 250 people more
than last year. They're so what does that mean
to you? Yeah.
Yeah man and then it's actually fascinating.
You said and I really appreciate you sharing that as well.
Mel the pictures of the first Bitcoin conference and there's
absolutely no one in the audience and the amount of
quality Bitcoin conference has happened, right?
We have the Bitcoin conference, we had the Bitcoin conference in
Miami, we had done confiscated, what we have B Block, boom, I'm
super excited for Pacific Bitcoin coming up in November as
well. There's so many Not to mention,
you know, all the European Cup the, the the conference, in
Amsterdam, the conference that was recently in Riga as well.
There's so many of them, right? And they just continue to get
better and it's what you said, Mel more people continue to go,
which means more people are waking up to the fact that holy
crap, there's a better alternative to Fiat money, and I
think that's what has me Uber bullish, as well.
But that's crazy that this is the In time in your life that
you're starting to see the writing on the wall and I
completely agree, I think we've all had multiple Eureka moments
or just like holy crap. This really does change
everything. So that makes me super bullish,
preciate, you sharing that Mal, but anyways, Opti everyone is
really excited for an opt e ramp Let's do it.
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Alright Opti, everyone's excited.
Everyone's waiting. See if I can do justice to.
Yes. What you got for us?
I saw this article and yesterday was Labor Day, and like I said
in the beginning, you know, Labor Day does have a special
place in my heart. Now, my family were blue collar
workers. You know, the construction
workers? We build houses last year, Labor
Day. I was digging ditches this year.
I can provide Bitcoin content. So, you know, is a special Labor
Day and hence why I gave you guys, such a fired-up rant
yesterday and I was sick, but I powered through just because
Like I couldn't stop the signal. Anyways, let's get into this.
This article we got here and this is called Bitcoin gives
power back to the people. And this is something I try to
tell all my family members and they still don't listen to me.
They all have a little bit of Bitcoin, but they're not as
obsessed with Bitcoin as I am. And I think this is why I wanted
to pick this article today. I didn't want it to, you know, I
didn't want to cover it too far away from Labor Day.
So that the Labor Day Celebrations are still in
people's minds. And before I get into this, I do
want to do a little caveat here. This article is Kind of has like
a bent on labor unions and while I'm not the biggest fan of labor
unions. I come from, you know,
self-employed self entrepreneur families.
So what our own bosses and this is what I'm always about, like
Be Your Own Boss. But, you know, as there's a
point in here, we got to give credit where credit is due.
So let me just jump into this article and then I'll add my two
cents on it and we'll have a little conversation on it.
So as you guys can see, this is Bitcoin.
Give power back to the people and if you guys want to show you
guys know we talk about this every single day, About taking
your life back saving and freedom money.
Saving the money that can't get the base so that you do, you can
escape the rat race escape to Matrix and Bitcoin allows is for
you guys. So, let's jump into this and we,
you know, I'm not going to read everything but I highlighted
some parts that I think people can can latch onto so workers
and workers rights were not respected during the height of
the Industrial Revolution Life as a worker during this era was
hell and how would you like to work 12 hour, day?
Seven days a week in barely make it by these are the conditions
many of your Ancestors worked in to provide for their families.
And guys, I know you guys are working your ass off 9250, make
it out of the Rat Race. And it does feel like this is
where, you know, we say it all the time history doesn't repeat
but it Rhymes. And I feel like we're getting
into this place right now where people are working their ass off
because the money is losing all their value, you know, a single
or single family can't be provided on a one job.
You need multiple jobs. You need both parents to work
for you guys to survive for you guys to raise children.
And so we're getting in this cyclical range where it's like
man these conditions for working have almost godding just as bad
as they were in the industrial revolution years of working.
Like this is leaving people tired fed up and ready to revolt
which is not too different from what we have today, right?
And this is why I wanted to bring this up is because I see
it out there. Every single day when I talk to
my family, when I talk to friends, when I meet new people
out in public, you know they're talking about the fact that
they're working their ass off. The I can barely pay for rent.
They can barely buy groceries. And, you know, I really have to
do my hardest to not just blurt out like Bitcoin.
Fixes this. I don't do the best.
Always, because I'm still out here, orange killing people.
I'm still always like yellow Bitcoin fixes this you need of
saving Bitcoin Bitcoin is the way, but we need to, you know,
incept these ideas into people's minds that the reason you are
feeling this pain is because Fiat money is stealing your
value, stealing your time and I just continuously trap in the
rat race. So this is where you know, we
get into the labor unions and again, I'm not the biggest fan
of labor unions because in my opinion there they work a lot
more, like a mob organizations than things that are beneficial
these days. But like we say, here, we have
to give credit where credit is due.
And without the labor movements effort to, where would America
be right now? You'd be working your ass off
with no chance of living, a good life.
And as much as this is true, it does feel like we are still Back
in this situation where people are working their ass off day in
and day out to for, you know, working at two jobs, and they're
barely making it by, and this is because of the Fiat monetary
system. Or as we have here, the credit
based monetary system in the incentive to exploit people
created abysmal working condition before organized labor
took root, you know I might have some contention with that
because again I'm a self-employed family and and we
work for ourselves. But this point still stand white
collar and blue collar. Workers can escape the crushing
hamster, wheel created by Fiat money, the very people we depend
on to care for us are under immense pressure.
If you are like me and you have people, you know, family members
that wake up, 5:00 a.m. work all day 8 hours breaking their ass
off just to provide for their families.
You know what, this feels like the root of the problem is the
credit-based money and the need for central banks to inflate the
currency. It is inflation.
That makes businesses and people run faster on the hamster wheel
until we reach a Breaking Point. How can workers throw a wrench
in the hamster, wheel. Make It Stop once and for all.
And if you know what I know, it is Byxis this Bitcoin gives
power back to the people. And this is what I try to tell
my family members and anyone that will listen.
And when I was breaking my ass working, ditches digging,
ditches building houses. I would tell everyone this
anyone that would listen. It's like look bro, I know we're
digging ditches right now but Bitcoin can help you escape this
scenario and all you need to do is save for your future.
And this is why I wanted to To cover this article today the day
after Labor Day is because you're going back to the Grind
Mode. You know.
You're back at, work your back putting in the 925 and you
realize like, man, I wish I could escape the hamster wheel.
Well, you just need to provide for your future self a little
bit. You need to save in Bitcoin, you
need to put some aside for your future self as I heard it
before. And which save my life is, you
need to pay yourself first guys. You need to save in Bitcoin
first and foremost and then never touch it.
So Bitcoin is the best tool for economically empowering every
worker in the United States and the world.
Bitcoin gives back to energy. The world Central bank's stole
from you Bitcoin, empowers, you to make your own economic
decision without interference from the state.
We say this all the time guys, opt out of the Fiat system opt
out of Fiat slavery and Save in Bitcoin in Freedom money.
In a money that can't be debased in a money that governments
can't steal from you. And this is why people feel so
drained. They There's up you know as I
like to call it the high level parasite are sucking Humanity's
energy from them and it's all through the Fiat system but
Bitcoin allows you to plan for the future without the fear that
your hard-earned wealth will melt away because of the whims
of some faceless Banker. In a smoke-filled room,
somewhere. Bitcoin, takes away that power
once. And for all, this is why I try
to cover this all the time is because I remember what it feels
like to work your ass off and then feel like you can't escape
the maze. Eric's.
And I just wanted to cover this today because I want my family
members and my friends out there to understand what I've
understood and that is you need to save in Bitcoin because your
dollars are stealing from you this inflation.
All the taxation, you know, it's all theft.
It's always of stealing your value slowly and it's done in a
hidden Sinister way so that you do not get upset and this is why
I tried to bring it up to the Forefront.
All the time is because people need to get upset before
anything. Chase's, as the meme goes, you
know, emotion creates motion. So you need to understand what
the problem is. First and foremost, before you
figure out, there is a solution. And the problem is Fiat is
stealing your money. Fiat is stealing your time, and
this is why we tell you guys to save in Bitcoin because 21
million hard cab is set in stone.
And as long as you're running the code, as long as you're
using a node, these rules aren't going to change.
You cannot convince me otherwise to change these rules because I
understand what other bitcoiners understand.
Inflation is theft. And if you debased our currency,
which they continue to debase our currencies all around the
world, they are stealing from you, slowly, because they know
that if they told you up front, oh, we need to take this much
money from you. You wouldn't agree to this.
So, with deflation Airy money, goods and services will get
cheaper. Not more expensive and the
quality of life would increase dramatically along with better
benefits, workers will demand to be paid in sat once the public
recognizes this fundamental true help return the power to the
people by Adopting a Bitcoin standard in your life lead, by
example and watch as others follow your lead.
I've been saying this consistently guys be a shining
example of what it means to be a Bitcoin.
ER, live. A good life be fit, mentally,
physically, and spiritually. And people will want to know how
did you become this person to how is your life, so much better
than mine and all you got to show them is.
Bitcoin is the way all you need to do is save and Bitcoin ensure
your future for yourself and stop relying on governments, to
provide for you because what they're doing.
In is fundamentally stealing from someone else to give to
someone else and and in my opinion this is outright
atrocious. So take back your life, take
back your power, take back your money and save and Bitcoin.
And as we've been saying on bitcoin kindergarten, for a long
time, we like to call it fine Bitcoins n because once you
unlock yourself from the Fiat system, you have a, your mindset
changes, your psyche, fundamentally changes.
And you can take a breath and you can start to look at the
world. With, with a more positive view
point, you're not just out there feeling like you're getting
attacked from every corner. And of course we're going to,
we're going to quote this Eric case on tweet where it goes,
Bitcoin is the philosophy of knowledge that understands what
it truly means to have a form of wealth that cannot be extracted
or expropriated from any being using it correctly.
The deep meditation on this idea, turns the whole world in a
way that was never before conceivable.
Eric case on just think Boyd would I tell everyone all the
time is Once you save in Bitcoin, once you can slow down,
Oh, down and relax opt-out from the rat race case.
You get the world fundamentally different.
You can work will look at the world like my name with
optimistic Fields, an optimistic land and realize, wow, I can
create something of value in this world that isn't going to
get fucking stolen from me by these government leeches.
And this is the beauty of it, guys.
Bitcoin, gives back your power. If you are, if you're a blue
collar, worker out there and you have skilled where you can build
stuff like you have more skills in these bureaucrat pencil
pushers out there because As all they do is they put they move
papers around and then they try to convince you that they're
doing some magic work. But in reality, the people that
are really creating things, are you guys out there that have the
skills to build things? But you do not have the luxury
of of the time it saving wealth brings you because you have to
wake up 40 hours a week and your end the money you are being paid
for or paid. In is being stolen from you
slowly on the backend via inflation.
And This is why I try to convince people all the time
that if you just save and Bitcoin, you unlock yourself
from from The Matrix, you know, you unlock the human capital,
that is the potential in you, you can start to build something
of Legacy in a world that is crumbling around you.
And again I mean I gotta I gotta add some tweets from my friends
because they say what I say but in poetic terms and this is my
friend Tucson Bitcoin and he goes Bitcoin is the foundation
that it allows you to self-actualize in a clown.
That's what orange, pilled me. And again, as I had on time on
top, it's fine Bitcoins end and you transcend clown world.
This is the fundamental truth that I believe Bitcoin unlock.
For the people out there, it allows you to actualize yourself
in the freest manner possible because you no longer are
obligated to the Fiat world, you no longer have the stresses that
stress you out. So you don't think clearly and
as you guys know, you know, the powers that be want to keep you
in fear, they want to keep you stressed out because you Don't
think properly. The only thing I really know out
here is, I know how the human brain works and you need to keep
this militant positivity going and your Forefront of your mind
or else you don't think correctly, you're thinking
changes fundamentally when you're living in fear, when
you're living in stress, but Bitcoin allows you to free your
mind from all of this Hassle. And you can just Stacks at stay
humble, you know, stay in Zen. And when I say, stay humble, I
don't mean behind, don't be hungry for the word.
I don't mean, you know, Take take the shit that the world
gives you. It just means, you know, don't
be an arrogant cocky asshole. I know.
Shocking. Anyways, I wanted to add this
last little tidbit and then I'll get everyone's thoughts and I
did this tweet a while ago. It's Bitcoin changed my life.
And my friend, June responds is get Snoop talk, tell us how and
this is the process guys, save and Bitcoin, you will find
Bitcoins, then you'll take back your mind, you'll take back your
life and then you'll begin to build something.
And as you start building, Building, you are Prosper.
I don't make the rules. I just follow it, whatever that
building is for you. Whether it's just a family,
whether it's a company, whether it, whether it's houses,
whatever it is, guys, you have certain skills, you're an
individual, you have certain value that you can provide for
the world and this is what you're here to do.
I say it all the time, provide the value to your fellow man,
and you will be rewarded in Bitcoin.
And so, this is what I believe that Bitcoin is fundamentally
here to give us, you know, it gives Back our power, it brings
back community, and it allows you to build something of value
in a world that is built on paper Ponzi money built on a
solid foundation and this is what Bitcoin allows for you
guys. And and this is what I just want
to Echo out to my family and friends guys.
I know I know you guys think that I am the crazy Bitcoin.
ER, I know you guys think that you shouldn't be, you know,
saving this much in Bitcoin in that I'm, you know, I'm being
risky. He and I'm overexerting myself,
but I fundamentally believe. Pay yourself.
First saving Bitcoin, safer future, you and everything will
follow. You can unlock yourself from the
Fiat Matrix. You can unlock yourself from the
rat race. If you don't like working that 9
to 5, you don't have to work it if you're able to save for your
future, but if you're saving and dollars, you are getting stolen
from slowly. It used to be two percent.
And now as you can see in the beginning of the show, we have
double-digit inflation in the western world.
World. This is absolutely insane.
Which means you are getting stolen from you.
In double digits, no longer is it just slowed to percent now,
it's like 10% of your wealth is being slowly year over year,
which is insane. How are you supposed to build in
a world where you're losing 10% of all the value?
You create it doesn't make any economic sense, just think about
it. You work 40 hours a week.
Ten percent of those hours are gifts are stolen from you up
front. To the government and that
doesn't even account for the taxes and everything else on top
of that, guys, there's no possible way for you guys to
save for your future. If you are only saving and
dollars, it just doesn't make any economic sense.
If you are a blue collar, worker out there, if you're the ones
that are actually providing for for your country, your nation,
you need to save in Bitcoin or you're never going to build
anything of value and be able to pass that down to your children.
Bitcoin is the only solution Bitcoin is the way.
I wish it were different, but Bitcoin is.
There is no alternative you need to save in Bitcoin or else your
children will literally not have anything in the future because
these parasites will take everything from you, unless you
opt out of the system and rat Nika, jump in and boom.
Boom, say, Opti witnessing the birth of greatness, man.
Dude, it's crazy, Mana. I, I thought this is where the
It was gonna go and when I first pitch to the idea but holy crap,
preach man, you're a preacher dude.
Dude hell yeah, I need 04 ml. This is exactly where the Faith
and Hope comes from okay. I am from Detroit, which is a
blue-collar manufacturing town. I lived there until I was older
so I born and raised worked everyone.
There is an automotive industry and Manufacturing And in 2008,
we all got crushed, okay? And I'm gonna be real honest
with you. We lost almost everything.
I had a shop, my husband had a job with one of the big three
and they started to, you know, reduce the hours, take away the
benefits, add the things. You had to pick this, all these
things that when you live in metro Detroit, you expect to get
that from the employers, because that's the way.
Way, it's been for 100 years or however long it's been and
because of all of that and how wiped out, Detroit.
Pretty much we moved to Chicago on nothing and we came here
because this the industry here is not based on one.
Like it's just not the one industry here.
So we thought this is makes way more sense to go where it's more
diverse. But when I figured out Bitcoin,
You know, I taught my kids were going to have it, good here, you
know, maybe I won't be able to make it here, you know, maybe
it's too late, but I've have hope and I have that now, and I
feel so much better about things.
Having some, you know, I don't have a lot of Bitcoin, I would
love more as we all would, but it's what gives me that hope and
faith that things are going to be okay for everybody period.
Yeah, 100%. Mel, thank you for sharing that
it's you know, and I always go back to this.
It's nbk's handle deterministic optimism life on a deflationary
currency where your savings increase interest in purchasing
power over time. It's just such a radical
disconnect from The Matrix that we've all grown up in which is
this world of an inflationary future, right?
Where your currency you're saving just loses purchasing
power over time and that forces you which Is what governments
want it forces you to spend perhaps on things that you don't
really want, it forces you to invest in things that you
perhaps you don't really want, if you are a plumber or if
you're a dentist and you make a good living, right?
Just to maintain your earnings. Just, to maintain your savings,
your Force to become a part-time investor.
If you want to Outsource it to a wealth management fund that
gives them tremendous amount of power, if you want to Outsource
it to Black Rock, look at how they are, right?
And Index Fund look, Powerful, they've become right.
Well, bitcoiners are trying to say is, hey, maybe you don't
have to invest, maybe you could just saving your money, right?
And I think that's really, you know, the world that we're
trying to get to everyone. And here's the thing, right?
The effects that it's had on my life, the effects that it's had
on Optimus is life. The fact that it's had on your
life male the effect that it's had Bitcoin Freedom Day.
Look at the name of the freaking conference like it.
Fundamentally changes lights. Life for the better.
It's not a coincidence that Michael Sailors website for
Bitcoin is Hope.com because that's what it is.
Bitcoin provides hope in a world full of Darkness.
Nihilism inflation, government corruption etc etc.
Anyways Bitcoin Freedom Day. Why don't you chime in on this?
And then we'll go to the Moon. It will go to the memes memes.
Ya know the coin is hope the Quints freedom for a lot of
people. I think if you take a look at, I
mean not just places like Detroit because Detroit has been
very economically. Enfranchised over the years with
the whole. Yeah, no.
I mean, all you have to do is remember the Michael Moore
documentary Who Killed the Electric Car like that's, you
know, then we watched that back tank 15 years ago, so that was
just the first clue and but especially in places like Latin
America and Africa. We're seeing so much Bitcoin
adoption and Innovation happening.
Because to these people, it is money.
It is a way to get out of these centralized horribly corrupt.
Absolutely necessary items that are just A necropsy on people.
There's there's nothing to going on there.
So the Coin Salt Bitcoin is Hope and you're absolutely hit the
nail on the head. Those systems are literally
stealing from everybody and I think, people know this
inherently, they know it from within and the system convinces
you that it's the other political the other political
party and what people should really be looking at is, dude,
it's the money it's the money. It's been stealing from
everybody, but anyways, Opti, let's get to it.
One's favorite part of the show. Let's get to the memes.
Daily mean, review brought to you by B box to bitcoin only
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Well, every time I see that like I want to buy a pit box dude,
what a 500. Gets me excited every time I
hear it. All right, guys.
So this is the mean review, of course, Put Your Meme score in
the chat preferably before the last one because there is a
delay and we want to read your scores on the show.
But this first one is all wait, hold on.
I forget memes. Are the artillery in the
information War? Guys, this is what powerful.
You're gonna get it regularly. I butchered every time but you
guys know the deal your memes. Are so powerful out there, guys.
I said I'll time. You know, it is our mean world
and everyone else is just living in it.
So, continue to meme continue to shitpost because, you know,
really one meme can change one person's life and that person,
you don't know who they are. And you don't know what they're
capable of, but as weak, as we showed yesterday, you know,
Bitcoin awakens aligned within. And if you can mean people,
that's a powerful tool, guys, like everything is memes.
Life is memes and means is life. Anyways, this first one is by
saying algorithm, This is a play on the great Michelangelo post
of God, reaching down to Adam, and it's got all the people
pointing around it. I don't I could name every one
but we got Spider-Man Leonardo DiCaprio the guy from what's it?
Orange hon, stop the launch. I don't know it's Orange County
Choppers, right? Yeah, exactly.
There it is. But anyways you guys know all
the point you guys but I didn't realize this until later but he
actually I was the inspiration for this a little Bit.
And there's this tweet right here guys.
And again, I don't want to push my religious views on anyone,
but someone made a thread about this and it was a painting by
Michelangelo in the climax. Was this God's fully extended
reach to connect with man? And man, barely putting enough
effort into extend a finger fuel understand, this guy's, and I
only had that context because guys, it really is a pain.
You guys to individual out there to put in the work, proof of
work is much more than just about Bitcoin mining.
It's a life philosophy. Do not It jaded do not get, you
know, tired out there, do not get nihilistic.
You need to put in the work right now.
And as I said yesterday, we need lines out there that are putting
in the work because it is not the time to get lazy.
Does not going to get nihilistic.
In my opinion is more important than ever.
To have that militant positivity and understand that we are
winning. Do not get disillusioned out
there, guys. We are fundamentally winning
this information war and it's more obvious to me every single
day. Anyways, on to the next Meme.
This one by a level 39. And I know you guys are hearing
out there about oh the eith merge and oh my God, proof of
stake of the proof of work and it's all crap.
Anyways, I like this. I like this mean right here
because it's, you know, memes can say what I have to say and
hundreds of words and literally no words.
So he goes proof of stake. Is not a substitute for
proof-of-work. Only Bitcoin can free you from
monetary repression. And as you can see, sorry, my
roommates dog is freaking out and he goes Is plutocracy is
ethereum proof of stake and it's a fat cat and then we got the
hard-working. Meritocracy, that is
proof-of-work bitcoiners. The people that are building the
world. This is, you guys, the blue
collar workers. And this is why I wanted to add
this on the meme, considering today's daily culture and the
labor day that we just had yesterday.
You guys are the ones that are build, do not let these frickin
fat cat. Steal your life from you and
then shout out to my boy rope. He made a meme in regards to my
culture, yesterday of lying and being awakened because of
Bitcoin and goes more lions and we got Bitcoin being fed by mmt
in the United States Federal Reserve System and then Bitcoin
gets big enough and becomes a line that it eats the Federal
Reserve System. Yes, this is the way and then
the next one is by Shiro hard. Only goes.
So you're saying and this is Annie oh, you know, Bitcoin
neomi me good. So you're saying I need a
Bitcoin node and Morpheus goes I'm saying that you are Bitcoin
know the software you run is one way.
You communicate your red lines to everyone else roof with a
time. And then for a while I've been
telling Darth coin or Darth coin, bit coin that I'm going to
add some memes and I just keep forgetting because he doesn't
have a Twitter but he's got an awesome subset guys and I highly
recommend you, go check out his meetings because not only does
he mean solid memes out there but he has awesome write-ups to
explain what the meme said. And this one is, what is freedom
and Darcy. Simple definition of freedom.
What is freedom? Freedom is the ability to be
responsible for your own actions when you don't need to be
governed by others. The more responsible you are for
your actions, the less you need to be governed by other people.
The less responsible you are for your actions.
The more you need to be governed by others and this just goes
back to what we tell you guys all the time about Bitcoin.
Bitcoin is a revolution of the individual take full
responsibility for your life. Stop being a victim, saving
Bitcoin and create something. Value for the world provide for
others and Bitcoin will be rewarded to you.
Anyways, my mean review score is is a continuation of what I gave
the other day. Here's a great American mining
sticker. Shout out to Mike Hobart.
He gave me a whole bag of goodies.
So I might be using Great American mining merch for my
meme review scores for a while. But anyways, what are you guys
is mean review scores? I'm going to give it This new
lens that I got for the camera. I'm about to install some be
dope. Yeah, Allen's and yellow, he's
standing behind me. It's very uncomfortable.
Well, what would you give those memes?
I'm going to give it this brand-new pair of vintage 1960s,
sunglasses early, bamboo nice, very nice Bitcoin, Freedom Day.
What would you give those memes? A piece of cheese.
I loved you very very that's that's a that's a very
sophisticated score. I don't know if we could match
that awesome glasses by mail. Yo, I don't know how you type
while you're behind me. Yellow Gibbs.
These memes a lab, or wolf back to opt.
He's do go. Okay?
Very good rabbit. I give these memes a convicted
felon, Central Banker, Reading those memes, a red nose, pitbull
bonus points for whoever knows the pit bulls name.
Hmm, I don't know that. So it's a good one.
Okay, nope, no day. I give those memes opt he's
roommates, dog, and by roommates, I mean, parent, ha ha
ha irate those memes a failed, soldering attempt, at an iPad
chargepoint. Oh, that sucks point of charge
port. That sucks, man, that sucks.
But you got to try it because Apple just absolutely destroys
you at the so-called Genius Bar. Anyways anyways Opti, we have an
open source off early today. Let's check it out.
Bitcoin software release, brought to you by Cipher safe,
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animals. If you store it on paper, you
definitely want to store your seed on steel and there's no
better place to do it than the cipher safe, get yourself a
Cipher wheel or Cipher grid today.
Visit Cipher safe, dot IO. All right, guys, for today,
software release, we got join Market version, zero, point
nine, point, seven release. And, you know, this, this is a
got a bunch of updates and stuff, guys.
Definitely go check it out, you know, use join Market.
Hopefully it becomes a lot easier to use so that I can use
it because your boys are high functional dumb, but I will
definitely put in the work to make sure that I can use join
Market. Anyways, if you liked the show
Check us out on audio format. We had, we're on the Apple
podcast. We're on Spotify.
We are on anchor FM. And if you think we're providing
value, guys, definitely check us out on anchor or no, sorry on
Fallon and stream of sunsets. We love you guys.
I hope you enjoyed Today's Show. We'll see you soon or actually
tomorrow, close this one out and you go.
I also want to give a very special shout-out to our awesome
clothing. Sponsor represent LTD.com Opti.
Why don't you show the hoodie off your full screen right now?
That's the decentralized show the back, show the back to
centralize core centralized thing.
Anyways, I'm wearing the same one, but in Black, it's awesome,
makes Bitcoin merch. It's making simply Bitcoin
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that was our show if you enjoyed the show, you know what to do.
Smash that like button. It really, really helps us
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subscribe button. Also, I have to give a shout out
to our awesome guess Yes, first of all, Bitcoin Freedom Day.
Thank you so much for coming on the show.
Where can people find you? That was the wrong button
anyway. Bitcoin, freedom day.com and
there's free tickets to the coin.
Freedom day, it's going to be tomorrow.
September 7th from about 11, a.m. eastern until 6 p.m.
Eastern packed with lots of speakers.
Check out the website. There's more of them, still
being announced, including like the president of liberal and he
did actually confirm. So yay.
Awesome, very excited. And of course, Mel Mel.
Where can people find you? You can find me on Twitter at
girls. Or Bitcoin and working on comp
skateable for December. 20 23. I'm very excited.
I can't recommend that conference more.
It is one of my favorite conferences.
It is super awesome. It's in Las Vegas.
There's a poker tournament as well.
Definitely recommend it guys. That was our show.
We will see you tomorrow for a brand new episode of Simply
Bitcoin.