1 00:00:04,200 --> 00:00:06,600 Welcome back everyone, we're simply Bitcoin. 2 00:00:06,600 --> 00:00:09,800 We break down the news. The daily fail mean review 3 00:00:09,800 --> 00:00:13,700 software releases. And the plebiscites joining us 4 00:00:13,700 --> 00:00:18,900 today, he is the captain of our Twitter ship and putting out all 5 00:00:18,900 --> 00:00:20,900 kinds of breaking news. That's right. 6 00:00:20,900 --> 00:00:23,800 We've got Optimus Fields. Joining us again on Sundays. 7 00:00:23,800 --> 00:00:26,200 This is look, this is becoming a regular thing. 8 00:00:26,200 --> 00:00:28,100 We love having Optimist here, he loves being here. 9 00:00:28,100 --> 00:00:30,200 Anyways, Optimus say what's up. Up. 10 00:00:32,400 --> 00:00:34,300 What's up? Everyone you're stuck with me 11 00:00:34,300 --> 00:00:36,100 every Monday. It's good to be here. 12 00:00:36,100 --> 00:00:38,600 Good to see you guys. Love you much k. 13 00:00:38,600 --> 00:00:40,900 Bye. All right, good stuff. 14 00:00:40,900 --> 00:00:41,700 Good stuff. I like that. 15 00:00:41,700 --> 00:00:43,900 That was that was well said. All right, Nico, let's dive into 16 00:00:43,900 --> 00:00:46,700 the numbers. Brought to you by. 17 00:00:46,700 --> 00:00:50,800 Not all they make some of the best Bitcoin notes run your own 18 00:00:50,800 --> 00:00:55,300 version of Dojo Whirlpool Bitcoin core and the lightning 19 00:00:55,300 --> 00:00:57,600 Network, all in the comfort of your own home. 20 00:00:57,700 --> 00:01:01,700 Remember guys, if you don't run your own Bitcoin, Bitcoin node 21 00:01:01,700 --> 00:01:04,500 like the noddle. You're trusting someone else's. 22 00:01:04,500 --> 00:01:07,600 That's a big No-No for privacy. So get yourself a Bitcoin know 23 00:01:07,600 --> 00:01:10,300 today like the model at the time of this recording, the block 24 00:01:10,300 --> 00:01:14,400 height of 740 1500 to the Bitcoin price, 20 thousand five 25 00:01:14,400 --> 00:01:19,800 hundred fifty Rewrite days 747 total public lightning capacity. 26 00:01:19,800 --> 00:01:26,300 3940 3.27, Moscow time forty eight, sixty six blocks to The 27 00:01:26,300 --> 00:01:31,200 Happening 98,000 498 and the samurai Whirlpool unspent 28 00:01:31,200 --> 00:01:34,600 capacity, Samurai Whirlpool is a coin joint or collaborative. 29 00:01:34,600 --> 00:01:38,400 Spend it is not a mixing service and the unspent capacity for 30 00:01:38,400 --> 00:01:45,300 that pool is 4706 96 BTC. That's right. 31 00:01:45,400 --> 00:01:49,000 They deserve a whisper Nico at the end of the numbers whisper 32 00:01:49,400 --> 00:01:53,300 whisper, dude. Well, are we gonna are we gonna 33 00:01:53,300 --> 00:01:57,100 pull out the jokes again that Bitcoin is the new stable coin 34 00:01:58,600 --> 00:02:02,200 at 20K. There's a to to start to get 35 00:02:02,200 --> 00:02:05,200 upset or is it is gonna happen? Then we're gonna start to piss 36 00:02:05,200 --> 00:02:06,500 people off. There could be, if this doesn't 37 00:02:06,500 --> 00:02:10,100 feel like a stable coin at all, I might be it might be too soon. 38 00:02:10,100 --> 00:02:13,100 Anyways, you guys know the deal. This is Sunday show which you 39 00:02:13,100 --> 00:02:17,600 guys see on Monday, which means The legendary Optimus Fields who 40 00:02:17,600 --> 00:02:21,000 has to fix. His green screen is going to be 41 00:02:21,000 --> 00:02:24,000 hosting it today. All right guys, what's up? 42 00:02:24,000 --> 00:02:28,700 Its Optimus I'm here for the numbers, happy Monday, here we 43 00:02:28,700 --> 00:02:30,400 go. I'm going to share my screen. 44 00:02:31,200 --> 00:02:35,700 This one is a good one guys you might think this is the main 45 00:02:35,700 --> 00:02:37,800 review but no, this is the numbers. 46 00:02:37,800 --> 00:02:42,800 So let's get into this. This one time Bitcoin went from 47 00:02:42,800 --> 00:02:45,300 six cents all the way to 36 Cents. 48 00:02:45,400 --> 00:02:51,400 It's and then it crashed down to 21 cents and then another time 49 00:02:51,900 --> 00:02:56,900 Bitcoin went from 85 cents all the way to twenty nine dollars 50 00:02:57,300 --> 00:03:03,000 and then crashed three dollars. And then another time Bitcoin 51 00:03:03,000 --> 00:03:10,700 went all the way to $213 next crashed. 52 00:03:10,700 --> 00:03:17,200 All the way this $70 And then another time Bitcoin went all 53 00:03:17,200 --> 00:03:24,500 the way to 11 hundred dollars and that crash all the way to 54 00:03:24,900 --> 00:03:29,300 two $39. So the moral of the story is 55 00:03:29,400 --> 00:03:33,300 don't buy Bitcoin because you know it's going to crash again. 56 00:03:33,700 --> 00:03:37,600 All right guys, so let's just update this little bit. 57 00:03:38,700 --> 00:03:43,300 We started right here so you go to 11:00 and then it crashed. 58 00:03:43,500 --> 00:03:51,100 Ash to $200 and then we go up and then Bitcoin went to 19k and 59 00:03:51,100 --> 00:03:58,600 then it crashed a 3K and then Bitcoin went to 69k and then it 60 00:03:58,600 --> 00:04:03,000 crashed and we're at 20 cake. So the moral of the story guys 61 00:04:03,000 --> 00:04:11,900 is don't buy Bitcoin hahaha so you already know what time it 62 00:04:11,900 --> 00:04:13,300 is. You know, I got to come here. 63 00:04:13,400 --> 00:04:18,899 Here and make some some light of the situation because Bitcoin is 64 00:04:18,899 --> 00:04:23,200 dead again and you know that the Bitcoin price is going to crash 65 00:04:23,200 --> 00:04:25,400 because that's what Bitcoin does. 66 00:04:25,400 --> 00:04:29,500 It goes up and keeps crashing to the right and it keeps failing 67 00:04:29,500 --> 00:04:34,600 as number goes up forever. So guys, I really hope that my 68 00:04:34,600 --> 00:04:36,900 now at the simply Bitcoin listener. 69 00:04:37,000 --> 00:04:40,000 You understand the game that Bitcoin is going to go to the 70 00:04:40,000 --> 00:04:42,700 moon and then it's going to crash and everyone is going to 71 00:04:42,700 --> 00:04:47,200 do their And tell you that Bitcoins dead and we're going to 72 00:04:47,200 --> 00:04:50,300 get a bit, you Ares, and everyone is going to do their 73 00:04:50,300 --> 00:04:53,600 victory, dance in the touchdown dances but we will know about 74 00:04:53,600 --> 00:04:57,800 fundamentally nothing has changed and blocks are still 75 00:04:57,800 --> 00:05:00,500 coming in. They are still coming in block, 76 00:05:00,500 --> 00:05:02,700 height is still at all-time high. 77 00:05:03,300 --> 00:05:07,700 So guys you already know don't buy Bitcoin because it's going 78 00:05:07,700 --> 00:05:13,000 to crash. So make out fell thoughts or 79 00:05:13,000 --> 00:05:14,000 opinions. Onions. 80 00:05:14,000 --> 00:05:17,900 Yes, I'm so glad you covered that because so we posted a 81 00:05:17,908 --> 00:05:19,700 short this weekend did pretty well. 82 00:05:20,500 --> 00:05:25,100 Shout out Phil, he was right because I got upset because Phil 83 00:05:25,100 --> 00:05:28,100 posted a clip and a short at the same time I'm like no Phil you 84 00:05:28,100 --> 00:05:30,200 can't do that and he just says no. 85 00:05:30,800 --> 00:05:37,000 So he was totally right anyways in this short that blew up if 86 00:05:37,000 --> 00:05:41,300 people are so sour when Bitcoin crashes, there's so sour and the 87 00:05:41,300 --> 00:05:44,100 comments were so aggressive Ha ha. 88 00:05:44,200 --> 00:05:46,700 I was right. Like, I don't feel like going 89 00:05:46,700 --> 00:05:50,400 through every single one and saying, like, dude, like zoom 90 00:05:50,400 --> 00:05:52,900 out two years and talk to me again, right? 91 00:05:52,900 --> 00:05:55,800 But if there's no point, right? Anyways, I'm going to read one 92 00:05:55,800 --> 00:05:58,100 of these comments. It was by Tony. 93 00:05:58,100 --> 00:06:02,800 Mondo Le the FED took two million worth of bitcoin back 94 00:06:02,800 --> 00:06:05,500 from those scammers from Russia, who hacked and shut down the 95 00:06:05,500 --> 00:06:07,900 pipe lines on the East Coast though. 96 00:06:07,900 --> 00:06:11,600 Bitcoin was supposed to be safe from government hackers and 97 00:06:11,600 --> 00:06:14,800 theft proof. The FED already knew more about 98 00:06:14,800 --> 00:06:18,700 it than most of the public. You won't be free from anything 99 00:06:18,800 --> 00:06:20,900 no matter. How passion determine you are to 100 00:06:20,900 --> 00:06:24,000 prove. Otherwise it's centralization 101 00:06:24,300 --> 00:06:28,000 Skull emoji. Well, Tony, Mondo. 102 00:06:28,000 --> 00:06:33,100 Le if you take self custody, you could literally take Bitcoin to 103 00:06:33,100 --> 00:06:36,900 your grave and there's no fat or any government that could do 104 00:06:36,900 --> 00:06:39,000 anything about it. So I think you were talking 105 00:06:39,000 --> 00:06:43,700 about custody Bitcoin but I do appreciate Engagement on the 106 00:06:43,700 --> 00:06:45,400 comment. Now, in terms of the price, I 107 00:06:45,400 --> 00:06:48,000 thought I was going to read a comment in relation to the 108 00:06:48,000 --> 00:06:51,500 price, but that comment was great anyways but we do we did 109 00:06:51,500 --> 00:06:53,300 get some negative price comments. 110 00:06:53,300 --> 00:06:55,400 Anyways. Yeah. 111 00:06:55,500 --> 00:06:58,700 If you're looking at Bitcoin on a year, baseless the volatility 112 00:06:58,700 --> 00:07:01,700 is crazy, but you can't expect to go to the Moon. 113 00:07:01,700 --> 00:07:05,200 Without volatility volatility is the price you pay for number go 114 00:07:05,200 --> 00:07:07,200 up. So volatility is a good thing, 115 00:07:07,200 --> 00:07:11,000 right? So yeah, a yearly basis of 116 00:07:11,000 --> 00:07:13,700 volatility might go down. And to the right. 117 00:07:13,800 --> 00:07:19,800 But on a to 34 year basis, it goes up into the right and I 118 00:07:19,800 --> 00:07:22,600 would much rather have something that goes up into the right, 119 00:07:22,700 --> 00:07:27,200 then a fiat currency that's designed to go down and to the 120 00:07:27,200 --> 00:07:28,200 right. Anyways. 121 00:07:28,300 --> 00:07:32,800 Phil, what are your thoughts? I'm definitely concerned a kiss 122 00:07:32,800 --> 00:07:38,500 with Tony's comments because I think he's a little confused as 123 00:07:38,500 --> 00:07:41,200 to what's going on here. He kind of just mix the whole 124 00:07:41,200 --> 00:07:46,800 bunch of things together. You know, between the, the fed 125 00:07:47,300 --> 00:07:52,800 and the oil pipelines and Bitcoin and centralization and 126 00:07:53,300 --> 00:07:55,100 poor Tony's going to have fun staying poor. 127 00:07:55,100 --> 00:07:56,400 I'm sorry. We're not we're not here to 128 00:07:56,400 --> 00:07:59,000 teach Tony. Dude have fun with that. 129 00:07:59,000 --> 00:08:01,600 Enjoy that narrative. I'm not gonna waste my time 130 00:08:01,600 --> 00:08:05,400 teaching you about this. Yeah, so look definitely though 131 00:08:05,500 --> 00:08:09,800 with that with that fantastic that fantastic addition to that 132 00:08:09,800 --> 00:08:12,700 video, that should be the new don't buy. 133 00:08:12,800 --> 00:08:16,300 In video because you added those two new price points and and 134 00:08:16,300 --> 00:08:17,300 it's true. Bitcoins. 135 00:08:17,300 --> 00:08:19,400 Dead Bitcoin just went below. 20 km. 136 00:08:19,400 --> 00:08:21,200 We're sitting at the previous all-time high. 137 00:08:21,200 --> 00:08:24,500 This thing is stinks gone. Yeah, I don't know why anybody 138 00:08:24,500 --> 00:08:26,900 hanging out anymore. We're sitting at the previous 139 00:08:26,900 --> 00:08:30,600 all-time high. It's going straight to 0, look, 140 00:08:30,600 --> 00:08:34,700 I can't believe that anybody can actually say that to themselves 141 00:08:34,700 --> 00:08:37,799 with a straight face. When you think about the size of 142 00:08:37,799 --> 00:08:42,200 the network, and you think about how many more addresses we have 143 00:08:42,200 --> 00:08:43,299 below? What was it? 144 00:08:43,299 --> 00:08:49,500 Like, 0.01 BTC? Listen, the hard lers, all of 145 00:08:49,508 --> 00:08:51,000 this. All of this is noise right now. 146 00:08:51,000 --> 00:08:54,300 Okay, I've explained this before, humans humans are 147 00:08:54,300 --> 00:08:57,800 emotional, our emotions, don't always make sense and therefore 148 00:08:57,800 --> 00:09:00,900 our emotions. In some cases guide, poor 149 00:09:00,900 --> 00:09:06,000 decision-making such as possibly dumping at terrible levels. 150 00:09:06,300 --> 00:09:09,100 Okay, people get afraid not everybody is here with the same 151 00:09:09,100 --> 00:09:10,800 time lines. Not everybody is here with the 152 00:09:10,800 --> 00:09:15,400 same intentions, okay? So I would suggest you zoom out 153 00:09:15,400 --> 00:09:18,100 look at the signal, you've got more people. 154 00:09:18,100 --> 00:09:21,400 Adding to the network, more people are learning about 155 00:09:21,400 --> 00:09:27,600 Bitcoin and not only that, but the hash rate are we still close 156 00:09:27,600 --> 00:09:33,100 to the 200 or did we just and with these prices, I'm telling 157 00:09:33,100 --> 00:09:36,500 you right now that it's Gonna Take a Tumble baby. 158 00:09:36,500 --> 00:09:38,800 Can wait. So now it's a not now it's a 159 00:09:38,808 --> 00:09:40,600 lagging indicator though. That's right. 160 00:09:40,600 --> 00:09:42,000 Is going down. Let's go. 161 00:09:43,300 --> 00:09:46,800 That's going down. It's a sure it's not a good 162 00:09:46,800 --> 00:09:49,100 example. But anyways, everything else is 163 00:09:49,100 --> 00:09:52,200 still intact and I'm still hauling and stacking at these 164 00:09:52,200 --> 00:09:54,800 prices because I'm getting so much more corn anyways. 165 00:09:56,100 --> 00:10:00,500 Yeah, dude, Tony psychology. It's so fascinating because when 166 00:10:00,500 --> 00:10:05,500 the price goes up, right, no comments or like a lot of 167 00:10:05,500 --> 00:10:07,400 Engagement, but you do hear from these people. 168 00:10:07,400 --> 00:10:09,600 When the price goes down, they come out of their caves, it's 169 00:10:09,600 --> 00:10:12,700 like Peter Schiff. Like ha ha I got you now. 170 00:10:12,900 --> 00:10:16,600 Bitcoins dead, and it's funny because, you know, Tony hasn't 171 00:10:16,600 --> 00:10:19,300 done his research. He just heard a couple 172 00:10:19,300 --> 00:10:22,800 mainstream media talking points. He put it together in his head 173 00:10:22,800 --> 00:10:26,200 and he's, like, Bitcoin is worthless. 174 00:10:26,600 --> 00:10:30,400 I'm smart because I, I saw some headlines on the mainstream 175 00:10:30,400 --> 00:10:35,200 media like, this is so stupid. Bitcoin has a feature for these 176 00:10:35,200 --> 00:10:39,400 people and leaves them behind you either get on the train or 177 00:10:39,400 --> 00:10:41,700 you have fun to take part. That's really the reality of 178 00:10:41,708 --> 00:10:44,900 situation as As soon as you come to terms with that fact, the 179 00:10:44,900 --> 00:10:47,600 better it is for you to quote, Michael sailor. 180 00:10:47,600 --> 00:10:50,200 Everyone gets in at the price. They deserve the question that 181 00:10:50,200 --> 00:10:53,500 you have to ask for yourself is at what price do you want to 182 00:10:53,600 --> 00:10:56,800 start stacking SATs? Anyways Phil it's time for the 183 00:10:56,800 --> 00:10:59,800 daily fail brought to you by Swan. 184 00:10:59,800 --> 00:11:03,300 Check them out Swan Bitcoin.com it's the best way to build your 185 00:11:03,300 --> 00:11:07,100 Bitcoin stack with an automated Bitcoin Savings Plan. 186 00:11:07,100 --> 00:11:09,000 They've got an app that's coming out. 187 00:11:09,000 --> 00:11:13,500 The link is down below you know I think it Hilarious. 188 00:11:13,500 --> 00:11:16,100 And I think this tags on perfectly with, with the numbers 189 00:11:16,100 --> 00:11:19,600 because really the no coiners are just out doing their Victory 190 00:11:19,600 --> 00:11:23,900 lap with, with Bitcoin dead at 20K, which is the funniest thing 191 00:11:23,900 --> 00:11:27,500 I've ever seen. I think the date because it's 192 00:11:27,500 --> 00:11:30,800 absolutely ridiculous. And we are just getting some 193 00:11:30,800 --> 00:11:33,800 serious, serious hate. All right. 194 00:11:33,800 --> 00:11:37,700 Let's take a look at some no coiner hate. 195 00:11:38,000 --> 00:11:40,000 Here we go. This was a really interesting 196 00:11:40,000 --> 00:11:41,800 one. I don't know who this person is, 197 00:11:41,800 --> 00:11:44,700 but they've got the blue. Check mark or in my case the 198 00:11:45,700 --> 00:11:49,800 white actually, it's the black check mark in the White Lotus 199 00:11:49,800 --> 00:11:53,000 looking thing. Anyways, Grady underscore booch, 200 00:11:53,900 --> 00:11:57,200 burn it to the ground and fling. Its ashes into the center of the 201 00:11:57,200 --> 00:11:59,500 Sun. Not sure he realizes that 202 00:11:59,500 --> 00:12:02,700 Bitcoin is completely digital so it's completely impossible and 203 00:12:02,700 --> 00:12:06,000 what's hilarious is look at the chart that that he chose. 204 00:12:06,000 --> 00:12:09,000 So this tells me that he couldn't find a horse chart than 205 00:12:09,000 --> 00:12:11,800 Bitcoin being up, six hundred and eighty nine percent in the 206 00:12:11,800 --> 00:12:15,700 last five years. Anyways, anyways, I think that 207 00:12:15,700 --> 00:12:19,500 this is complete nonsense and ridiculous and also it's 208 00:12:19,500 --> 00:12:21,700 hilarious, right? Like this is how, you know, 209 00:12:21,700 --> 00:12:24,900 Bitcoin is actually not dead because we are sitting here at 210 00:12:24,900 --> 00:12:29,300 20K, these no coiners are crying at wanting it to die, even 211 00:12:29,300 --> 00:12:32,000 further. Now, this I thought was totally 212 00:12:32,000 --> 00:12:34,100 hilarious. This is a tweet from Odell. 213 00:12:34,300 --> 00:12:38,400 It's a nice clip from some corporate owned media from CNBC. 214 00:12:38,400 --> 00:12:42,900 It's actually, it's Jim Cramer being interviewed by a I think 215 00:12:42,900 --> 00:12:46,600 it's I think his name is Brian, my new season. 216 00:12:46,600 --> 00:12:48,700 Pretty, he likes to talk about crypto a lot. 217 00:12:48,900 --> 00:12:50,700 I know that's. I just totally forgot what his 218 00:12:50,700 --> 00:12:52,800 last name is. Anyways, great tweet from Odell 219 00:12:53,400 --> 00:12:55,700 and I think he's got a very good point. 220 00:12:55,700 --> 00:12:59,000 We still got our Edge fam. Stay humble stack SATs. 221 00:12:59,100 --> 00:13:01,500 Let's watch this. You've gotten pretty - on 222 00:13:01,500 --> 00:13:06,200 bitcoin so the market can can bounce, but Bitcoin goes to 0, 223 00:13:06,200 --> 00:13:09,600 or did you hear Tim or well, he's pretty smart. 224 00:13:10,000 --> 00:13:11,600 You think Bitcoin bounces from here? 225 00:13:11,600 --> 00:13:13,500 Or is it over? Yeah, I think We'll look I think 226 00:13:13,500 --> 00:13:15,600 the people were involved with Bitcoin have to take another 227 00:13:15,600 --> 00:13:18,800 stand you know like I like novogratz he was out there 228 00:13:18,800 --> 00:13:22,100 yesterday David we need we need some guys to just say look this 229 00:13:22,100 --> 00:13:25,700 is the level that's typical of what happens when you're when 230 00:13:25,700 --> 00:13:28,500 it's about to really drop. Big hide. 231 00:13:28,500 --> 00:13:31,600 So they just come on air and they say listen I'ma pyre you 232 00:13:31,600 --> 00:13:37,100 get it sailor the other day. I mean I mean Hello if they 233 00:13:37,100 --> 00:13:40,000 change the margin rates on crypto, he'd be out in a second. 234 00:13:40,100 --> 00:13:42,600 So I do think that they have to make a stand. 235 00:13:42,700 --> 00:13:45,600 So can can't let it go down anymore, whoever the day is they 236 00:13:45,600 --> 00:13:49,900 got it just thinking I don't want you say it goes down, 237 00:13:49,900 --> 00:13:53,700 another 50% or another 100 percent. 238 00:13:53,900 --> 00:13:57,500 I think it goes to 12,000 well where it was in before this 239 00:13:57,500 --> 00:14:01,600 whole Fiasco begin still alot tho for something that we don't 240 00:14:01,600 --> 00:14:05,400 really know what the heck it is. Well it really isn't anything, 241 00:14:05,500 --> 00:14:08,800 right? I mean, maybe it's like amazing, 242 00:14:08,900 --> 00:14:11,700 like a champ distributed, let it sit like a distributed Ledger 243 00:14:11,700 --> 00:14:16,100 there, you can make it. One more time. 244 00:14:16,700 --> 00:14:18,300 Okay, pretty nice. Okay. 245 00:14:18,300 --> 00:14:23,200 Okay, so hold on, before we dive into the, the main part of the 246 00:14:23,208 --> 00:14:24,600 fail. I just want to point out a 247 00:14:24,608 --> 00:14:29,400 couple of things at want to point out that for some reason, 248 00:14:30,300 --> 00:14:32,800 Jim Cramer seems to think that there's a CEO of Bitcoin, 249 00:14:32,800 --> 00:14:35,700 there's there's like a group of people that you can petition, 250 00:14:36,400 --> 00:14:40,000 that are going to fix the, the Bitcoin price, or fix the 251 00:14:40,000 --> 00:14:42,200 Bitcoin narrative. So I think that that's 252 00:14:42,200 --> 00:14:46,500 absolutely lutely hilarious. And the second part to it is is 253 00:14:46,500 --> 00:14:49,200 that they have no idea what it is. 254 00:14:49,700 --> 00:14:51,900 Okay? So they've not like he has no 255 00:14:51,900 --> 00:14:54,800 idea what it is and he thinks there's a CEO or there's some 256 00:14:54,800 --> 00:14:58,500 kind of a board of directors or they there's the they that you 257 00:14:58,500 --> 00:15:02,000 can talk to. So this is absolutely hilarious. 258 00:15:02,100 --> 00:15:03,300 Nico. What are your thoughts? 259 00:15:03,300 --> 00:15:07,900 My I think we hit bottom II was like I was skeptical before but 260 00:15:07,900 --> 00:15:11,300 like I after seeing that video we have for sure. 261 00:15:11,300 --> 00:15:13,400 Hit bottom. The reason I say that That is 262 00:15:13,400 --> 00:15:16,700 because the exact opposite of what Jim Cramer says is. 263 00:15:16,700 --> 00:15:21,600 Usually what comes true? So that's my take. 264 00:15:21,700 --> 00:15:25,000 And again, we don't speculate on this channel etc, etc, etc. 265 00:15:25,000 --> 00:15:28,800 That is adding comedic effect anyways, Optimist. 266 00:15:28,800 --> 00:15:32,400 What are your thoughts on this? Well, can someone please call 267 00:15:32,400 --> 00:15:35,500 Bitcoin? See, and tell him to call him 268 00:15:35,500 --> 00:15:38,100 proud. This is ridiculous. 269 00:15:38,100 --> 00:15:41,700 We need someone to start pumping this price, but I was going to 270 00:15:41,700 --> 00:15:44,000 say the exact same. Same thing as Nico. 271 00:15:44,000 --> 00:15:47,100 It's Kramer guys, he's the best counter indicator. 272 00:15:47,100 --> 00:15:51,700 I mean Hello. So of course maybe this is 273 00:15:51,700 --> 00:15:55,900 bottom, who knows? But man it's a the APA or did 274 00:15:55,900 --> 00:15:58,000 the opposite of what Kramer says in you're going to be winning. 275 00:15:58,000 --> 00:16:02,800 So, next question, Kramer is the counter signal. 276 00:16:02,800 --> 00:16:05,100 Okay. All right, we get it. 277 00:16:05,100 --> 00:16:08,200 And I agree. We grad, we get it, and I agree. 278 00:16:08,200 --> 00:16:10,800 Okay, so let's dive into it because, you know what? 279 00:16:10,800 --> 00:16:12,600 We had the no coiners this weekend. 280 00:16:12,800 --> 00:16:14,700 But something I've noticed that's been happening every 281 00:16:14,700 --> 00:16:18,200 weekend is that there's there's usually a shit coin that falls 282 00:16:18,200 --> 00:16:20,100 apart. We are so fucking early. 283 00:16:20,100 --> 00:16:22,100 I'm sorry, can't get over that fucking oh, yeah, yeah, 284 00:16:22,100 --> 00:16:27,500 solutely. Yes, CEO Nico. 285 00:16:27,500 --> 00:16:30,300 Optimus, we was like those those Bitcoin guys. 286 00:16:30,300 --> 00:16:32,700 Like it's like, dude, like what are you talking about? 287 00:16:32,700 --> 00:16:40,200 So called say, repeated Ledger. You know you got these guys. 288 00:16:40,200 --> 00:16:42,000 You know, we've got novogratz, we've got sailor, how? 289 00:16:42,000 --> 00:16:43,000 Come? They're not fixing this. 290 00:16:44,000 --> 00:16:45,700 We will get him on the phone Nico. 291 00:16:46,800 --> 00:16:48,500 I can't believe that's what it's just did. 292 00:16:48,500 --> 00:16:50,500 They just they just, there's just so a cut. 293 00:16:50,500 --> 00:16:52,500 They fit in the Fiat Matrix for so long. 294 00:16:52,500 --> 00:16:54,900 That's that's what you get. You get those creatures. 295 00:16:54,900 --> 00:16:58,000 Those dinosaurs anyways. Phil I'm sorry. 296 00:16:58,200 --> 00:16:59,600 None of you contain myself, dude. 297 00:16:59,600 --> 00:17:01,700 That, that was a lot. It's a lot to take in. 298 00:17:02,500 --> 00:17:04,900 Look, it was a heavy video that I had to wait for. 299 00:17:04,900 --> 00:17:08,000 I was gonna I was gonna do it sooner but Like this requires 300 00:17:08,000 --> 00:17:11,300 the weekend recap because we need to be in the right State of 301 00:17:11,300 --> 00:17:13,300 Mind. For that video and for Kramer 302 00:17:13,300 --> 00:17:17,000 stupidity, okay, anyways, I digress, we move forward. 303 00:17:17,099 --> 00:17:20,200 So every weekend, we seem to have some shit coin that falls 304 00:17:20,200 --> 00:17:23,300 apart, or in some cases, it's the same shit coin, that falls 305 00:17:23,300 --> 00:17:26,900 apart multiple times. So, this weekend, as you could 306 00:17:26,900 --> 00:17:29,600 imagine, we are going to dive into Solana. 307 00:17:29,600 --> 00:17:32,400 But you know what, take a little bit of a different angle on this 308 00:17:32,400 --> 00:17:36,600 because I really have never actually taken the time. 309 00:17:36,700 --> 00:17:40,900 Time to figure out what Solana does really, don't know what it 310 00:17:40,900 --> 00:17:42,100 does. I don't think it really does 311 00:17:42,100 --> 00:17:44,100 anything, you know, if that I've heard some shit coiners dub, it 312 00:17:44,100 --> 00:17:46,900 as the etherium killer. But then I wonder what's it 313 00:17:46,900 --> 00:17:49,200 killing. If aetherium is non-existent. 314 00:17:49,400 --> 00:17:51,000 It's like vaporware, killing vaporware. 315 00:17:51,400 --> 00:17:54,200 All right, so let's dive in. I found this really ridiculous 316 00:17:54,200 --> 00:17:57,600 article called. How does Solana work is Solana 317 00:17:57,900 --> 00:18:00,800 better than Bitcoin? That's right. 318 00:18:01,500 --> 00:18:04,100 So here we go. It's designed to be the found. 319 00:18:04,800 --> 00:18:08,600 It's okay. Yeah, we're serious serious. 320 00:18:08,600 --> 00:18:11,300 So highly accredited. Highly accredited. 321 00:18:12,400 --> 00:18:14,100 Major creds right here. Okay. 322 00:18:14,300 --> 00:18:18,100 It's designed to be the foundation for decentralized 323 00:18:18,100 --> 00:18:19,700 applications. I like that. 324 00:18:19,800 --> 00:18:23,900 So on has unique architecture allows it to scale horizontally? 325 00:18:23,900 --> 00:18:24,900 Okay. So for the people don't 326 00:18:24,900 --> 00:18:27,700 understand it scales to the side, not up or down. 327 00:18:28,200 --> 00:18:31,300 Anyways, provides a high. Lee available service with a 328 00:18:31,300 --> 00:18:36,000 single point of failure, single point of Truth, in the form of a 329 00:18:36,000 --> 00:18:38,100 blockchain state. All right? 330 00:18:38,100 --> 00:18:40,300 So it's decentralized. It has a single point of fit a 331 00:18:40,300 --> 00:18:43,900 truth, okay. The concept of Solana is to 332 00:18:43,900 --> 00:18:48,800 create a decentralized network where applications can run on a 333 00:18:48,800 --> 00:18:51,200 high-throughput low-latency platform. 334 00:18:51,200 --> 00:18:55,200 You getting all this Optimus Nico, mmm sounds compelling. 335 00:18:55,400 --> 00:18:57,100 You want to store your funds here, I get it. 336 00:18:57,400 --> 00:19:00,500 The most important thing about Solana is its T to scale up 337 00:19:00,500 --> 00:19:04,300 without compromising on security, or performance. 338 00:19:04,600 --> 00:19:07,300 So, it's decentralized. It's secure it performs. 339 00:19:07,300 --> 00:19:09,000 Well, we've got the trifecta guys. 340 00:19:09,500 --> 00:19:12,600 Here we go. The typical productivity gain 341 00:19:12,600 --> 00:19:15,100 for an organization. Using Salon has around 30 342 00:19:15,100 --> 00:19:18,700 percent in the first year. Good number with a high chance 343 00:19:18,700 --> 00:19:22,400 of reaching 50% or more in the second year. 344 00:19:22,900 --> 00:19:27,800 Solana is an AI writing assistant, that can help content 345 00:19:27,800 --> 00:19:30,700 writers generate content. At scale. 346 00:19:31,500 --> 00:19:39,700 What does this mean to you? Anyways? 347 00:19:39,700 --> 00:19:42,500 Okay, so we've got great numbers. 348 00:19:42,500 --> 00:19:45,700 Secure productivity, wonderful. Fantastic. 349 00:19:45,700 --> 00:19:47,800 Okay. So Corey hits the nail on the 350 00:19:47,800 --> 00:19:49,200 head. It's a dino. 351 00:19:49,200 --> 00:19:55,000 It's decentralized in name. Only, why am I saying this 352 00:19:55,000 --> 00:19:57,100 people? Why am I saying this? 353 00:19:57,100 --> 00:20:01,100 Because this weekend, Watcher dot Guru posted It Solana base 354 00:20:01,100 --> 00:20:06,500 protocol so lend has voted to temporarily control the largest 355 00:20:06,500 --> 00:20:11,100 whales account to mitigate liquidation risks that's right. 356 00:20:11,400 --> 00:20:14,300 Central point of failure. What's up Nico? 357 00:20:15,300 --> 00:20:16,700 I feel like you wanted to say something right? 358 00:20:17,000 --> 00:20:18,700 I'm containing myself. Okay. 359 00:20:18,700 --> 00:20:20,500 Okay. Okay okay. 360 00:20:20,500 --> 00:20:23,000 Let's go back to Cory's tweet here because he's retweeting 361 00:20:23,000 --> 00:20:25,500 Alex Thorn. Alex Dorne is explaining the 362 00:20:25,508 --> 00:20:28,900 following. Basically, there's a levered Sol 363 00:20:29,900 --> 00:20:33,500 In a defy lending platform that is dangerously close to 364 00:20:33,500 --> 00:20:37,200 liquidation. If liquidated, it'll nuke the 365 00:20:37,200 --> 00:20:40,400 Sol price. The defy platforms Deo voted to 366 00:20:40,400 --> 00:20:43,500 seize the funds and liquidate OTC funny. 367 00:20:43,500 --> 00:20:47,200 Part is approximately a million dollars of governance tokens 368 00:20:47,200 --> 00:20:54,200 voted to seize 270 million dollars worth of Sol. 369 00:20:54,400 --> 00:20:59,400 That's right. More or less approximately 1 370 00:20:59,400 --> 00:21:02,500 million dollars worth of governance. 371 00:21:02,500 --> 00:21:08,500 Tokens seized control of 270 million dollars, worth of SOL, 372 00:21:09,200 --> 00:21:10,800 SOL. SOL also stands for shit out of 373 00:21:10,800 --> 00:21:12,600 luck. It's interesting that that's 374 00:21:12,600 --> 00:21:16,900 their ticker symbol because indeed the Sol holders are shit 375 00:21:16,900 --> 00:21:20,800 out of luck. This should tell you why you do 376 00:21:20,800 --> 00:21:25,600 not want to be sticking your value in this type of coin. 377 00:21:26,000 --> 00:21:29,800 Okay, and here's another tweet just to help illustrate the 378 00:21:29,800 --> 00:21:33,000 problem that happened, right? The same liquidation problem. 379 00:21:33,400 --> 00:21:36,200 This is from at dagenham underscore Pi. 380 00:21:36,900 --> 00:21:40,000 So he's also explaining that Sol is about to get liquidated and 381 00:21:40,000 --> 00:21:45,200 that a whale had to deposit 5.7 million Sol, which is 170 382 00:21:45,200 --> 00:21:49,000 million, and borrowed, 108 million USD. 383 00:21:49,000 --> 00:21:53,800 See and USD T borrowed to prevent this and they're 384 00:21:53,800 --> 00:21:59,100 proposing to literally The users funds to execute the OTC trade. 385 00:21:59,100 --> 00:22:02,300 So that's right. They're going to seize all the 386 00:22:02,300 --> 00:22:06,300 funds that are required in order to stop this liquidation event 387 00:22:06,300 --> 00:22:08,100 from happening. The people who hold the 388 00:22:08,100 --> 00:22:12,600 governance tokens, this is completely insane and scary and 389 00:22:12,600 --> 00:22:16,700 of course you have to leave it up to the bitcoiners to just 390 00:22:16,700 --> 00:22:20,200 really make this into something, absolutely hilarious at grubels 391 00:22:20,200 --> 00:22:25,600 tweeted, Ste Lana and then georgg retweeted stolen. 392 00:22:25,800 --> 00:22:27,700 Anna. The stealing is already in the 393 00:22:27,700 --> 00:22:32,200 past and then this is actually my favorite tweet of all because 394 00:22:32,200 --> 00:22:34,200 it really does describe the problem. 395 00:22:34,200 --> 00:22:37,900 Intimately, Step 1 meet in this court, step to the side who to 396 00:22:37,900 --> 00:22:41,300 steal from step three. We don't know and step for 397 00:22:41,500 --> 00:22:42,900 profit. Okay. 398 00:22:43,000 --> 00:22:46,000 So could you go back to yes? Shot of the official 399 00:22:46,000 --> 00:22:48,100 announcement and just oh, yeah, absolutely. 400 00:22:48,100 --> 00:22:52,000 It's the justification of the theft like just like look, it's 401 00:22:52,000 --> 00:22:55,000 giving you options. You want to read it or do you 402 00:22:55,000 --> 00:22:56,700 want to run it all? Read it over if you want. 403 00:22:56,700 --> 00:22:59,400 So, here we go. Okay, it's the grant to Grant, 404 00:22:59,400 --> 00:23:02,700 emergency power to soul and labs to temporarily, take over the 405 00:23:02,700 --> 00:23:04,700 whales account. So the liquidation can be 406 00:23:04,700 --> 00:23:09,600 executed OTC and avoid pushing Solana to its limits. 407 00:23:09,900 --> 00:23:12,200 This would be done via a smart contract. 408 00:23:12,200 --> 00:23:17,000 Upgrade emergency Powers will be revoked once the whales account 409 00:23:17,000 --> 00:23:20,000 reaches a safe level. You'll notice they're not 410 00:23:20,000 --> 00:23:21,500 telling you what the safe level is. 411 00:23:21,800 --> 00:23:23,900 So, here we go. The vote vote. 412 00:23:23,900 --> 00:23:27,000 Yes, enact special margin. Fireman's for large whales that 413 00:23:27,000 --> 00:23:30,400 represent over 20% of borrows and Grant emergency power to 414 00:23:30,400 --> 00:23:34,700 sell and labs to temporarily take over the whales account. 415 00:23:34,700 --> 00:23:39,200 So the liquidation can be executed OTC or you can vote. 416 00:23:39,200 --> 00:23:43,500 No, do nothing? Oh my gosh. 417 00:23:43,500 --> 00:23:48,300 This is really, really cringe. I had to retweet this today and 418 00:23:48,300 --> 00:23:51,600 I said it's that moment when you realize that you are the exit 419 00:23:51,600 --> 00:23:55,200 liquidity. I mean look you know we we 420 00:23:55,200 --> 00:23:57,600 obviously We kid the shit coins, right? 421 00:23:58,600 --> 00:24:01,300 But at the end of the day, there's a reason why we 422 00:24:01,300 --> 00:24:03,600 continually kid them. And there's a reason why we 423 00:24:03,600 --> 00:24:07,500 continually bring these cases to your attention over and over 424 00:24:07,500 --> 00:24:11,900 again, like we're not kidding because you got to realize once 425 00:24:11,900 --> 00:24:16,400 this money is gone, it's gone. And the problem is is that 426 00:24:16,400 --> 00:24:21,000 you're once again, putting your you're putting your trust, your 427 00:24:21,000 --> 00:24:24,900 time, your value into someone else's hands, that really 428 00:24:24,900 --> 00:24:26,100 doesn't give a shit. Shit. 429 00:24:26,200 --> 00:24:31,300 So, we are here to tell you, if you are going to move your money 430 00:24:31,300 --> 00:24:33,900 to what you believe to be something decentralized for what 431 00:24:33,900 --> 00:24:38,100 you believe something to be unsensible, or that can't be 432 00:24:38,100 --> 00:24:40,900 confiscated from the government than we are here to tell you, 433 00:24:40,900 --> 00:24:43,900 the only option that you truly have is Bitcoin. 434 00:24:44,700 --> 00:24:47,700 So, and we're going to keep pulling these shit coin stories 435 00:24:47,700 --> 00:24:49,200 out. One after another to prove it to 436 00:24:49,200 --> 00:24:52,800 you, anyways, Nico, yeah, dude, we were freaking right. 437 00:24:52,800 --> 00:24:55,600 We were spot on the writing was on the wall. 438 00:24:55,800 --> 00:24:59,900 All when they they froze the chain a couple, a couple months 439 00:24:59,900 --> 00:25:03,200 ago we call do. We told you guys, this is seems 440 00:25:03,200 --> 00:25:07,000 this is not decentralized. Look, if you want to separate 441 00:25:07,000 --> 00:25:10,300 money from state if you want Humanity to take the next step, 442 00:25:10,400 --> 00:25:12,700 right? Private property for all you 443 00:25:12,700 --> 00:25:17,200 need to take the ability of the mob, also known as Government, 444 00:25:17,200 --> 00:25:20,700 their ability to democratically, right? 445 00:25:20,700 --> 00:25:23,900 Steal other people's money with a majority vote. 446 00:25:23,900 --> 00:25:27,800 Okay. Bitcoin is Rules without rulers 447 00:25:28,400 --> 00:25:32,800 Perry, it does it matter if the all the Bitcoin Community comes 448 00:25:32,800 --> 00:25:36,200 together said, I want to take Bitcoin away from that address, 449 00:25:36,200 --> 00:25:39,200 give it to everybody else. Well, 3 distribute, whatever you 450 00:25:39,200 --> 00:25:41,900 want to call it. No, it's a hard. 451 00:25:41,900 --> 00:25:43,200 No. Right. 452 00:25:43,200 --> 00:25:44,700 And what are the benefits of that? 453 00:25:44,700 --> 00:25:47,700 No censorship. Censorship resistant better set, 454 00:25:47,700 --> 00:25:50,500 right? The the, the lack of the 455 00:25:50,500 --> 00:25:53,900 government to enforce inflation in order to pay for their own 456 00:25:53,900 --> 00:25:57,800 bills, right? They could do this right? 457 00:25:58,000 --> 00:26:00,400 They could freeze anybody's account they could just take the 458 00:26:00,400 --> 00:26:02,900 wealth. Okay it's decentralization. 459 00:26:03,400 --> 00:26:06,900 As long as things are going good but as soon as shit hits the 460 00:26:06,900 --> 00:26:11,700 fan, have you ever heard that temporarily enact emergency 461 00:26:11,700 --> 00:26:14,400 measures? How many times have you heard 462 00:26:14,400 --> 00:26:17,500 that? Remember when it Richard Nixon 463 00:26:17,500 --> 00:26:22,700 said in 1971, we're going to temporarily stop or stop. 464 00:26:22,700 --> 00:26:25,500 The convertibility of go. It's always temporary. 465 00:26:25,700 --> 00:26:27,900 But it never is free contemporary. 466 00:26:28,900 --> 00:26:31,800 It's a shit coin. It's worse than a shit coin. 467 00:26:32,100 --> 00:26:34,500 It's a central Iowa but they're all centralized. 468 00:26:34,500 --> 00:26:37,000 And look, I'm telling you that when the theory of moves, the 469 00:26:37,000 --> 00:26:41,500 proof of stake Same goddamn shits gonna happen, okay. 470 00:26:41,500 --> 00:26:44,400 They're just going to come up with an excuse listen, if it's 471 00:26:44,400 --> 00:26:50,200 not too centralized from day one the incentives to decentralize 472 00:26:50,200 --> 00:26:55,300 it in the future every day that it's not decentralized, right? 473 00:26:55,400 --> 00:26:58,600 The incenses just grow stronger and stronger for the party or 474 00:26:58,600 --> 00:27:01,300 the elite or the shit coin. Devs that control that chick 475 00:27:01,300 --> 00:27:03,900 coin not to make it too centralized but they're sure 476 00:27:03,900 --> 00:27:05,800 going to Market to you is decentralized. 477 00:27:06,800 --> 00:27:11,100 This is this is this This is a clown show, you can't separate 478 00:27:11,100 --> 00:27:14,700 money from state with us. If you think some devs because 479 00:27:14,700 --> 00:27:18,900 they're hurt financially can co-opt it this easily by voting 480 00:27:18,900 --> 00:27:22,500 by mass majority government is going to be able to do it in the 481 00:27:22,500 --> 00:27:26,900 future also. Oh man, this is the opposite of 482 00:27:26,900 --> 00:27:30,800 rules without rulers, bro. This is this is a clusterfuck. 483 00:27:30,800 --> 00:27:33,900 And you know what? Phil we've been calling this for 484 00:27:33,900 --> 00:27:38,500 a very very long time to toot. Our own horn before before Good 485 00:27:38,500 --> 00:27:40,100 optimistic. I just want to add. 486 00:27:40,100 --> 00:27:41,600 I just want to add to what you're saying. 487 00:27:42,900 --> 00:27:46,200 Beacon chain will be eats rug pull. 488 00:27:46,500 --> 00:27:48,400 People think that it's the ship coin casino. 489 00:27:48,400 --> 00:27:51,400 That's the rug pull. But I'm telling you Beacon chain 490 00:27:51,400 --> 00:27:53,400 has thirty three billion dollars locked into it. 491 00:27:53,400 --> 00:27:56,000 That's going to be their quote unquote move to proof of stake. 492 00:27:56,100 --> 00:27:59,900 When that happens that's going to be the rug pull 444 eith. 493 00:27:59,900 --> 00:28:05,300 Anyways, dude, it looked we need to learn as a species, right 494 00:28:05,300 --> 00:28:07,900 centralization, right? This what banking is, that's 495 00:28:07,900 --> 00:28:09,900 what's up. Well banking is rights, is giant 496 00:28:09,900 --> 00:28:13,600 centralization Central planning what you're seeing from the 497 00:28:13,600 --> 00:28:15,400 Solana. Guys is a form of central 498 00:28:15,400 --> 00:28:18,700 planning. Let me steal from the haves to 499 00:28:18,700 --> 00:28:21,600 give to the Have Nots. And this goes back to something 500 00:28:21,600 --> 00:28:24,200 that I've been saying for so long film. 501 00:28:24,600 --> 00:28:27,300 That the shit coiners remind me of collectivists, 502 00:28:27,800 --> 00:28:31,600 collectivization is death individualities, the future, 503 00:28:31,600 --> 00:28:35,400 individualism is the future and only Bitcoin is going to enable 504 00:28:35,400 --> 00:28:38,100 that the shit koiner the shit coins. 505 00:28:38,300 --> 00:28:41,900 This false sense of Illusion that it has the centralization. 506 00:28:42,300 --> 00:28:44,400 But when push comes to shove, right? 507 00:28:44,400 --> 00:28:48,100 Whether it's vitalik, stop the trading, stop the trading, their 508 00:28:48,100 --> 00:28:52,000 real cards, get revealed every single time it's soon as shit 509 00:28:52,000 --> 00:28:55,400 hits the fan. Boom with Bitcoin. 510 00:28:55,900 --> 00:28:58,400 Who you gonna call seriously? Who you gonna call? 511 00:28:58,400 --> 00:29:03,000 There is no one to call and that is a feature and not a bug. 512 00:29:03,500 --> 00:29:06,400 Wow, dude, wow. Wow. 513 00:29:06,500 --> 00:29:11,400 Anyways, Opti, what are your Thoughts on this brother man the 514 00:29:11,400 --> 00:29:14,800 shit coin. Grift it really gets your blood 515 00:29:14,800 --> 00:29:16,800 going boiling. When you see things like this, 516 00:29:16,800 --> 00:29:21,500 like it's really amazing that people still fall for this and I 517 00:29:21,508 --> 00:29:25,000 really love the Flaming framing that Cory's did the dino dino 518 00:29:25,000 --> 00:29:26,800 fi? That's hilarious decentralized 519 00:29:26,800 --> 00:29:29,000 in name, only. I think we've been saying that 520 00:29:29,000 --> 00:29:32,800 for, for a few weeks now about how you can put decentralised in 521 00:29:32,800 --> 00:29:35,400 front of anything and people are going to like consider it 522 00:29:35,400 --> 00:29:39,100 decentralized. But man, this Crazy that they're 523 00:29:39,100 --> 00:29:42,200 voting for wealth theft on the blockchain. 524 00:29:42,200 --> 00:29:44,500 They're voting for bailout on the blockchain. 525 00:29:44,500 --> 00:29:46,800 Socialism on the blockchain save us. 526 00:29:46,800 --> 00:29:51,400 It is the same as the Us today it, nothing changed, dude. 527 00:29:51,400 --> 00:29:53,600 But you don't think Central Banking is the same as the 528 00:29:53,600 --> 00:29:55,600 bailout. It's the same goddamn thing. 529 00:29:55,600 --> 00:29:57,900 It's the same thing. Exactly. 530 00:29:57,900 --> 00:30:00,500 The same thing on the blockchain much Innovation on the 531 00:30:00,508 --> 00:30:02,400 blockchain though. So it's the central. 532 00:30:02,400 --> 00:30:06,500 I like, it's so ridiculous. One point I want to add, though, 533 00:30:06,500 --> 00:30:11,400 I saw in a Twitter thread that apparently one of there was like 534 00:30:11,400 --> 00:30:16,000 a million something votes for some for this to happen and a 535 00:30:16,000 --> 00:30:18,600 million-plus of those votes came from one entity. 536 00:30:18,800 --> 00:30:22,400 So back to what we're saying about proof of stake and shit, 537 00:30:22,400 --> 00:30:27,100 coronary about this is where the real true centralization happens 538 00:30:27,100 --> 00:30:30,300 that this is why those whales are able to control this network 539 00:30:30,300 --> 00:30:32,800 is because of situations exactly like this. 540 00:30:33,100 --> 00:30:36,500 So it's so it sounds to me like it's one whale that didn't want 541 00:30:36,500 --> 00:30:39,700 another whale. It's like there's two whales 542 00:30:39,700 --> 00:30:43,600 battling it. The Peasant are the kind of 543 00:30:43,600 --> 00:30:47,600 Gillis, dude, it's so much you want to bet one of those? 544 00:30:47,600 --> 00:30:51,100 Whales is a 16z sorry. No, you're absolutely right 545 00:30:51,100 --> 00:30:53,800 dude, it's so freaking stupid, man. 546 00:30:53,800 --> 00:30:57,100 Democratic money sucks. Okay, it's terrible. 547 00:30:57,100 --> 00:31:00,500 We need, we need rules without rulers, which is only Bitcoin 548 00:31:00,500 --> 00:31:03,600 can provide because it's the only truly decentralized 549 00:31:03,600 --> 00:31:05,800 cryptocurrency. Therefore, it's the only 550 00:31:05,800 --> 00:31:10,400 technology only tool we have to separate money from state if you 551 00:31:10,400 --> 00:31:13,100 could vote. A government could capture it 552 00:31:13,100 --> 00:31:16,100 and that's a big No-No. Anyways, Phil it's time for the 553 00:31:16,100 --> 00:31:20,000 daily meme review brought to you, by Citadel 21, it's the 554 00:31:20,000 --> 00:31:24,400 best Bitcoin cult Rosine. It's stories articles Comics by 555 00:31:24,400 --> 00:31:27,500 actual bitcoiners is our every art where every volume has 556 00:31:27,500 --> 00:31:30,000 different artwork, does. The artwork for volume, 10, 557 00:31:30,100 --> 00:31:34,100 volume to Volume 11 and they're scarce is only 1,000, physical 558 00:31:34,100 --> 00:31:37,300 copies made per volume. So get your prints of Citadel 21 559 00:31:37,300 --> 00:31:40,500 today before they run out. All right, everybody first meme 560 00:31:40,500 --> 00:31:44,800 is brought To Us by I sigh and he is replying to a comment by 561 00:31:44,800 --> 00:31:49,200 our own coin Icarus. Also known as Phil also known as 562 00:31:49,200 --> 00:31:53,100 copper Nixon summer, some really salty note coiners out this 563 00:31:53,100 --> 00:31:54,100 weekend. Bitcoin. 564 00:31:54,100 --> 00:31:56,800 Not dead. Think about Tony's, common in 565 00:31:56,800 --> 00:32:01,800 the beginning, bro. How the F do Bitcoins, where 566 00:32:01,800 --> 00:32:04,300 you've been this is? Do you want to know what Tony if 567 00:32:04,300 --> 00:32:05,700 you want to know what Tony looks like? 568 00:32:05,700 --> 00:32:07,700 When he wrote that comment? There you go. 569 00:32:08,100 --> 00:32:11,800 Alright, anyways, here is Bitcoin meme hub, Yes. 570 00:32:12,000 --> 00:32:14,500 I told you to cash out at 69k. Yes. 571 00:32:14,900 --> 00:32:17,100 So what are we going to do now stack more? 572 00:32:18,600 --> 00:32:21,200 They don't understand. We won't go back to slavery 573 00:32:21,200 --> 00:32:23,800 money. Here's Roth - if I had a dollar 574 00:32:23,800 --> 00:32:27,500 for every time collectivism worked, I would have zero 575 00:32:27,500 --> 00:32:32,800 dollars who incidentally if it did work, I would also have zero 576 00:32:32,900 --> 00:32:35,700 dollars. I gotta, I gotta keep getting 577 00:32:35,700 --> 00:32:40,000 into the habit of saying that because collectivism is behind 578 00:32:40,000 --> 00:32:43,300 all these terrible. Ologies whether it's communism, 579 00:32:43,300 --> 00:32:45,300 socialism fascism. It's all the same thing. 580 00:32:45,300 --> 00:32:49,600 It's all collectivism, right? So individualism, good 581 00:32:49,600 --> 00:32:52,500 collectivism bad. I gotta get a starting to start 582 00:32:52,500 --> 00:32:56,100 to get into the habit of that. Anyways, next one by thinking 583 00:32:56,100 --> 00:32:58,900 about Bitcoin when you're looking at Price charts too long 584 00:32:58,900 --> 00:33:02,400 instead of focusing on constant consistent, stacking overtime. 585 00:33:02,700 --> 00:33:06,700 Do check out those mountains. Ha ha ha. 586 00:33:08,100 --> 00:33:09,600 Oh man. Okay next one. 587 00:33:09,600 --> 00:33:10,600 Bye. Run the banks. 588 00:33:10,600 --> 00:33:13,400 You panic sell I panic stack. We are not the same. 589 00:33:13,400 --> 00:33:15,500 Absolutely true. This would bitcoiners do. 590 00:33:15,500 --> 00:33:18,900 This is what Jim Cramer, doesn't understand else next 1 by LC 591 00:33:18,900 --> 00:33:20,500 hottel not. I'll see how little did you 592 00:33:20,500 --> 00:33:23,000 know, in order to play the role of an insane and mentally 593 00:33:23,000 --> 00:33:25,300 depressed? Person, the movie Joker, Jack, 594 00:33:25,300 --> 00:33:27,300 Queen, Phoenix, leverage traded Bitcoin. 595 00:33:30,700 --> 00:33:32,900 All right. Next one bike, or DeLorean it 596 00:33:32,900 --> 00:33:35,100 debating, whether an idiot is a waste of time. 597 00:33:35,100 --> 00:33:37,100 They'll have fun. Being poor, no matter what you 598 00:33:37,100 --> 00:33:38,800 say me. Inflation, is it? 599 00:33:38,800 --> 00:33:40,200 Caused by money. Printing Mew. 600 00:33:40,400 --> 00:33:43,300 It's so true. Like at this point and we're at 601 00:33:43,300 --> 00:33:46,200 this year and you're still saying that like you deserve, 602 00:33:46,400 --> 00:33:50,400 you deserve to hold all the Fiat in the world forever and see how 603 00:33:50,400 --> 00:33:54,000 you feel about it. Anyways, for those awesome 604 00:33:54,000 --> 00:33:57,100 memes, I'm going to give it a lemon but not only is it a 605 00:33:57,108 --> 00:33:59,600 lemon? It's a lemon that's cut in half. 606 00:33:59,600 --> 00:34:04,000 So it's a half lemon. Wow, we will. 607 00:34:04,000 --> 00:34:07,000 Anyways Phil what would you get? Those memes? 608 00:34:07,300 --> 00:34:10,600 Your score is going to go perfect with my score because 609 00:34:10,600 --> 00:34:15,400 mine is a half-finished said Visa service are supposed to 610 00:34:15,400 --> 00:34:17,100 finish. Three quarters finished Bill's 611 00:34:17,100 --> 00:34:20,100 been in a week in Florida. And one show. 612 00:34:20,100 --> 00:34:22,600 He shows up drunk and another show. 613 00:34:22,699 --> 00:34:26,400 He shows up sunburn, welcome to Florida, Phil flows in the 614 00:34:26,400 --> 00:34:28,500 process of becoming a Florida man. 615 00:34:28,500 --> 00:34:32,100 Anyways Opti, what would you give those awesome me? 616 00:34:33,300 --> 00:34:35,199 All right, so good memes. Guys. 617 00:34:35,199 --> 00:34:39,600 And I finally got my represent package in and part of that 618 00:34:39,600 --> 00:34:44,000 package was this epic sticker? Let's see if you can see this 619 00:34:46,500 --> 00:34:48,300 very kind of get it. You kind of got it. 620 00:34:48,300 --> 00:34:50,699 You kind of got it. Very nice, very nice. 621 00:34:50,699 --> 00:34:52,500 Anyways, guys, we want to know if you agree with our scores, 622 00:34:52,500 --> 00:34:55,500 you disagree. Let us know down in the comment 623 00:34:55,500 --> 00:34:57,400 section. Kamek, kamek, kamek comment. 624 00:34:57,400 --> 00:35:00,000 Make sure to join our awesome telegram group. 625 00:35:00,000 --> 00:35:03,300 It's a party in there. There's plebs posting Means it's 626 00:35:03,300 --> 00:35:06,100 a grand old time. And, of course, make sure to 627 00:35:06,100 --> 00:35:08,900 subscribe to us on alternative video platforms for obvious 628 00:35:08,900 --> 00:35:12,300 reasons like Rumble.com and our personal favorite Bitcoin 629 00:35:12,300 --> 00:35:14,300 tv.com. They don't censor their because 630 00:35:14,300 --> 00:35:18,100 it's Bitcoin TV anyway. So it's time for the Daily News 631 00:35:18,100 --> 00:35:21,900 brought to you by crypto cloaks.com they makes the best 632 00:35:21,900 --> 00:35:26,400 3D printed Bitcoin merch like the famous 3D printed Bitcoin 633 00:35:26,400 --> 00:35:29,300 grenade. Toy comes in any custom color, 634 00:35:29,300 --> 00:35:32,200 your heart desires. You want an orange one. 635 00:35:32,300 --> 00:35:35,900 About Peter Schiff colors. He does that you want a custom 636 00:35:35,900 --> 00:35:37,800 node case? This one I made for my 637 00:35:37,800 --> 00:35:39,900 girlfriend you can get in any custom color. 638 00:35:39,900 --> 00:35:44,600 Also the European store is now open and you could check out 639 00:35:44,600 --> 00:35:48,600 their open source files on the crypto cloaks online website, 640 00:35:48,600 --> 00:35:51,400 and you can take advantage of the promo code down below to get 641 00:35:51,400 --> 00:35:54,800 10% off anything crypto, cloaks.com. 642 00:35:54,900 --> 00:35:58,800 Alright, everybody. So, I was actually going to make 643 00:35:58,800 --> 00:36:02,800 a separate video on this and what I'm talking Talking about 644 00:36:02,800 --> 00:36:07,400 is Ray dalio came out with a came out with his. 645 00:36:07,600 --> 00:36:10,400 It's a book, really. And he actually came out with a 646 00:36:10,400 --> 00:36:14,200 video called Ray dalio changing World Order and the video has 647 00:36:14,200 --> 00:36:17,900 over 15 million views. And the argument that Ray dalio 648 00:36:17,900 --> 00:36:23,100 is making is that that like life Empires go through Cycles, 649 00:36:23,100 --> 00:36:25,700 right? So we all know before the 650 00:36:25,700 --> 00:36:29,400 American Empire, really Rose to prominence after the victory in 651 00:36:29,400 --> 00:36:33,100 World War Two. It was It was Great Britain, 652 00:36:33,300 --> 00:36:34,700 right? And then before that it was 653 00:36:34,700 --> 00:36:36,600 another people. And then before, that is another 654 00:36:36,600 --> 00:36:42,500 people I would like to make the argument that if fiat currency 655 00:36:42,500 --> 00:36:45,800 were to continue. I think Ray dalio spot on right? 656 00:36:46,600 --> 00:36:50,100 I think that the u.s. is clearly on the decline. 657 00:36:50,200 --> 00:36:53,300 You see that with the moral decay of society, you see that 658 00:36:53,300 --> 00:36:56,300 with the corruption, you see that with the wealth inequality 659 00:36:57,200 --> 00:36:58,700 and then trying to would take its place. 660 00:36:58,800 --> 00:37:01,400 We're trying to as the rising World Order and that's actually 661 00:37:01,400 --> 00:37:05,300 the case that Ray dalio makes in his book and his video. 662 00:37:05,300 --> 00:37:07,400 I really recommend that video. It's fascinating. 663 00:37:07,400 --> 00:37:09,800 Very good production animation. All that stuff. 664 00:37:10,000 --> 00:37:13,400 Anyways let me read some of this article that does a brief 665 00:37:13,400 --> 00:37:16,900 synopsis of of all this. Anyways, check it out. 666 00:37:17,000 --> 00:37:19,800 It says just as there's a human life cycle that typically lasts 667 00:37:19,800 --> 00:37:23,300 about 80 years, give or take and no two are exactly the same. 668 00:37:23,300 --> 00:37:27,600 But most are similar, there's an eggless a naturalist Empires 669 00:37:27,600 --> 00:37:30,600 life cycle that has its own typical patterns. 670 00:37:32,000 --> 00:37:35,300 Then here, he has a picture of it in the beginning of the 671 00:37:35,300 --> 00:37:38,800 cycle, the New World Order, peace, prosperity, productive 672 00:37:38,800 --> 00:37:42,400 debt, At growth debt bubble and big wealth Gap and then it 673 00:37:42,400 --> 00:37:45,500 reaches the Pinnacle, and then it starts going down, debt 674 00:37:45,500 --> 00:37:47,700 burst. And economic downturn, sounds 675 00:37:47,700 --> 00:37:51,700 familiar, printing money and credit Revolution Wars, debt, 676 00:37:51,700 --> 00:37:55,300 and political restructuring, New World Order, and this makes 677 00:37:55,300 --> 00:37:57,800 sense, guys. Think about what has happened in 678 00:37:57,800 --> 00:38:01,100 the last five years, right? We had the rise of populism. 679 00:38:01,100 --> 00:38:02,900 We have candidates like Bernie Sanders. 680 00:38:02,908 --> 00:38:05,700 You have candidates like Donald Trump, right? 681 00:38:06,100 --> 00:38:09,600 You had the 2008 financial crisis now, think of Out Peak 682 00:38:09,600 --> 00:38:13,200 America, the 1950s, right? And this really starts to make 683 00:38:13,200 --> 00:38:15,900 sense, peace, prosperity and productive debt growth, right? 684 00:38:17,000 --> 00:38:19,900 And then in breathe, after the creation of a new set of rules 685 00:38:19,900 --> 00:38:22,600 established new world order, this typically follows a war. 686 00:38:22,600 --> 00:38:26,000 By the way, there's typically a peaceful and prosperous period 687 00:38:26,000 --> 00:38:29,000 right after World War Two in the United States, as people get 688 00:38:29,000 --> 00:38:32,200 used to this day, increasingly bet on this prosperity to 689 00:38:32,200 --> 00:38:35,400 continue and they increasingly borrow money to do that, which 690 00:38:35,400 --> 00:38:38,700 eventually leads to a bubble as a Prosperity, increases the 691 00:38:38,700 --> 00:38:41,000 wealth. Crap grows eventually the debt 692 00:38:41,000 --> 00:38:44,200 Bubble Burst which leads to the printing of money and credit and 693 00:38:44,200 --> 00:38:46,900 increase internal conflicts, which leads to some sort of 694 00:38:46,900 --> 00:38:49,400 wealth redistribution Revolution, that could be 695 00:38:49,400 --> 00:38:52,500 peaceful or violent. That is what has happened. 696 00:38:52,500 --> 00:38:56,400 Repeatedly happened through time the line in the chart. 697 00:38:56,400 --> 00:38:59,600 Signify, the relative power of The 11 most powerful Empires 698 00:38:59,600 --> 00:39:03,000 over the last 500 years in the chart below, you can see where 699 00:39:03,000 --> 00:39:05,400 the US and China are currently in their Cycles. 700 00:39:05,600 --> 00:39:08,000 As you can see, the United States is now the most powerful 701 00:39:08,000 --> 00:39:10,100 Empire, bye-bye. Not much. 702 00:39:10,200 --> 00:39:13,500 It isn't relative decline. Chinese Powers rapidly rising 703 00:39:13,600 --> 00:39:15,600 and no other powers. Come close. 704 00:39:16,300 --> 00:39:18,500 And here's a simplified version of the chart, right? 705 00:39:18,500 --> 00:39:22,000 This includes all the previous old Empires and stuff. 706 00:39:22,100 --> 00:39:24,800 Here's a more simplified version where he takes out all the junk, 707 00:39:24,800 --> 00:39:27,300 but the most aesthetically pleasing version, that 708 00:39:27,300 --> 00:39:29,600 obviously, simplifies the hell out of it. 709 00:39:29,800 --> 00:39:33,600 Is this chart it goes by how many years, right? 710 00:39:33,600 --> 00:39:37,100 And here are years, the Netherlands here is Great. 711 00:39:37,100 --> 00:39:38,900 Britain. Here's the US. 712 00:39:39,000 --> 00:39:41,700 And then the rising power of China. 713 00:39:41,900 --> 00:39:45,900 Now I mentioned I was going to make a video of this earlier and 714 00:39:45,900 --> 00:39:50,800 actually prepared a thumbnail that I got a fellow pleb to 715 00:39:50,800 --> 00:39:55,600 prepare for us Rusty which I'll pull up for you guys so you guys 716 00:39:55,600 --> 00:40:00,700 to see what I'm talking about. But I actually ran into a video 717 00:40:00,700 --> 00:40:04,800 of brine Armstrong and making the exact same point that I was 718 00:40:04,800 --> 00:40:07,700 going to make in this video and actually wanted to play it for 719 00:40:07,700 --> 00:40:09,200 you guys. And then we'll talk about A 720 00:40:09,200 --> 00:40:11,300 little bit anyway, so check it out. 721 00:40:12,900 --> 00:40:16,900 Every fiat currency historically, starts off 722 00:40:16,900 --> 00:40:20,300 connected to some kind of hard commodity like like bored or 723 00:40:20,300 --> 00:40:22,600 something. But every single one of these 724 00:40:22,600 --> 00:40:24,600 Fiat currencies in history, I think there's been thousands of 725 00:40:24,600 --> 00:40:27,400 them. They eventually, you know, break 726 00:40:27,400 --> 00:40:30,300 the peg with the the hard commodity underneath, and then 727 00:40:30,300 --> 00:40:33,800 they eventually inflate it away. And then there becomes a new 728 00:40:33,800 --> 00:40:37,700 world order and it seems to be this Unchangeable law or 729 00:40:37,700 --> 00:40:39,900 something like that because basically the political 730 00:40:40,400 --> 00:40:45,200 consequences of having a sturdy are too high, nobody wants to do 731 00:40:45,200 --> 00:40:47,500 it. And so the ski and thing to do 732 00:40:47,500 --> 00:40:49,500 is always basically, to print and so. 733 00:40:50,400 --> 00:40:53,800 But I think there could be scenarios where this doesn't 734 00:40:53,800 --> 00:40:56,300 happen. Maybe the u.s. gets like a 735 00:40:56,300 --> 00:40:58,500 really new compelling leader in office. 736 00:40:59,800 --> 00:41:02,400 Some kind of turn around with like science and technology and 737 00:41:02,400 --> 00:41:04,800 education that actually leads to a new wave of innovation. 738 00:41:05,300 --> 00:41:09,800 But We it doesn't seem to be super confident in a variety of 739 00:41:09,800 --> 00:41:12,700 areas as right. And so I look I hate to 740 00:41:12,700 --> 00:41:16,000 criticize without providing Solutions so I don't mean that 741 00:41:16,000 --> 00:41:18,300 is like a - tap on any particular person or group or 742 00:41:18,308 --> 00:41:20,200 whatever. I always want to be part of the 743 00:41:20,200 --> 00:41:22,400 solution. I put my bike overall pieces I 744 00:41:22,408 --> 00:41:27,400 think is that crypto represents a really compelling alternative 745 00:41:27,400 --> 00:41:30,800 for the west and Western values to basically Embrace 746 00:41:30,800 --> 00:41:34,400 decentralisation as the New World Order because otherwise 747 00:41:35,000 --> 00:41:37,800 the, the Chinese you One may become the new Reserve currency 748 00:41:37,800 --> 00:41:40,500 of the world. And if I think trying to do many 749 00:41:40,500 --> 00:41:43,000 good things but they're also not aligned with our values when I 750 00:41:43,008 --> 00:41:47,900 say our, I mean, like u.s. Western liberal values and so it 751 00:41:47,900 --> 00:41:51,500 may be actually beneficial to have a decentralized West to 752 00:41:51,500 --> 00:41:54,100 compete with a centralized East and that could be the new world 753 00:41:54,100 --> 00:41:55,800 order. It could be called a US World 754 00:41:55,800 --> 00:41:59,700 Order but it's really going to be more of a crypto as a trans 755 00:41:59,700 --> 00:42:02,600 National Reserve currency corner. 756 00:42:03,100 --> 00:42:07,100 So look, every when I I was Already coming to these 757 00:42:07,100 --> 00:42:11,600 conclusions on my own and then, when I heard the CEO of 758 00:42:11,600 --> 00:42:15,600 coinbase, come to the same conclusion that, you know, I 759 00:42:15,600 --> 00:42:20,300 think that Ray dalio spot-on in his observation in terms of yes 760 00:42:20,300 --> 00:42:23,100 I think that there were in the middle of a changing world world 761 00:42:23,100 --> 00:42:25,000 order where I think he gets it wrong. 762 00:42:25,000 --> 00:42:29,500 As he doesn't understand that because of because of 763 00:42:29,500 --> 00:42:35,900 Technology, right, I think that technology is outpacing these 764 00:42:36,000 --> 00:42:40,100 old archaic institutions and it's giving the individual 765 00:42:40,600 --> 00:42:44,400 access to Freedom the likes of which we've never seen before 766 00:42:45,000 --> 00:42:49,200 the book of sovereign individual touches on this a lot, right? 767 00:42:49,900 --> 00:42:55,500 So I think that in the future, it's not so much the centralized 768 00:42:55,500 --> 00:42:57,600 power who has the most centralized power. 769 00:42:57,600 --> 00:43:02,100 Because if that was the case, I think China is going to out past 770 00:43:02,100 --> 00:43:05,900 the United States, it's more. It's a decentralized. 771 00:43:06,100 --> 00:43:08,700 Swirled, right? The balance of power which is 772 00:43:08,700 --> 00:43:12,000 something that I've said, many times on this show, violence 773 00:43:12,000 --> 00:43:15,200 doesn't give the same return in a decentralized world. 774 00:43:15,200 --> 00:43:18,800 The way it used to, right before it was, who had the most amount 775 00:43:18,800 --> 00:43:22,700 of guns, right? That kind of goes away when an 776 00:43:22,700 --> 00:43:27,200 individual could store millions billions if not trillions of 777 00:43:27,200 --> 00:43:32,700 dollars in their mind. So, I think Ray dalio is wrong. 778 00:43:32,700 --> 00:43:35,900 I think he's spot on if we stayed in the Fiat system. 779 00:43:36,000 --> 00:43:39,000 Item. But I think that in a Bitcoin 780 00:43:39,000 --> 00:43:42,900 world, I don't think that theory applies. 781 00:43:42,900 --> 00:43:47,400 And if you still look and connect the dots, right, why do 782 00:43:47,400 --> 00:43:52,100 you think trying to ban Bitcoin? Why, why is that? 783 00:43:52,700 --> 00:43:56,100 Why did they ban Bitcoin mining? Why did they pass a law that 784 00:43:56,100 --> 00:43:59,100 says, if you get caught with Bitcoin or transacting a 785 00:43:59,100 --> 00:44:02,800 Bitcoin, you get 10 years in prison and you got a 250 786 00:44:02,800 --> 00:44:05,900 thousand dollar, fine, that's fear, they're doing. 787 00:44:06,000 --> 00:44:10,500 Out of fear. And the incentive is so great, 788 00:44:10,500 --> 00:44:12,900 that it's estimated that between 10 to 15 percent of the hash 789 00:44:12,900 --> 00:44:17,400 rate is still in China. So again I think that the old 790 00:44:17,800 --> 00:44:21,000 model of the nation-state and it was the nation state that issued 791 00:44:21,000 --> 00:44:25,000 the currency. I think it's dying and I think 792 00:44:25,000 --> 00:44:27,300 that we're seeing that I seen, we're seeing the crook, the 793 00:44:27,300 --> 00:44:29,300 cracks of the nation state model. 794 00:44:29,300 --> 00:44:31,500 Look at there, they'll get their response. 795 00:44:32,800 --> 00:44:37,300 To the pandemic. And it, it only it not, it's not 796 00:44:37,300 --> 00:44:39,200 only money, that's the centralizing. 797 00:44:39,200 --> 00:44:43,300 It's also information. Look at how the Legacy Media is 798 00:44:43,300 --> 00:44:47,500 vying to try to keep everyone's attention by dividing everyone 799 00:44:47,500 --> 00:44:49,300 and selling people on propaganda. 800 00:44:49,400 --> 00:44:52,900 And you have Joe Rogan a dude on his microphone, absolutely 801 00:44:52,900 --> 00:44:58,000 crushing their numbers. The old model of centralized 802 00:44:58,000 --> 00:45:00,900 information, gatekeeping information and centralized 803 00:45:00,900 --> 00:45:05,800 money and gatekeeping money is dying instead and I don't think 804 00:45:05,900 --> 00:45:09,900 that Ray dalio is model in this new world or like with Cory 805 00:45:09,900 --> 00:45:12,700 likes to say this Brave. This bright orange future, 806 00:45:13,000 --> 00:45:15,300 right? I don't think it applies. 807 00:45:15,400 --> 00:45:19,900 And I think that if America wants to stay ahead of China, it 808 00:45:19,900 --> 00:45:24,600 has to stop fighting Bitcoin, and embrace the centralization. 809 00:45:24,600 --> 00:45:27,700 But If it Embraces the centralization, that means that 810 00:45:27,700 --> 00:45:31,300 a lot of bureaucrats that are used to having this Godlike, 811 00:45:31,300 --> 00:45:35,100 power are going to have to give it up, and they're going to have 812 00:45:35,100 --> 00:45:37,300 to give it up to individuals, right? 813 00:45:37,400 --> 00:45:41,100 So I think this is going to play out, whether the bureaucrats 814 00:45:41,100 --> 00:45:44,300 fight it all, do the best that they could do is delay it, but I 815 00:45:44,308 --> 00:45:46,600 think that this is an inevitability. 816 00:45:46,600 --> 00:45:50,900 Because, like, I always say Bitcoins incentives, are 817 00:45:50,900 --> 00:45:52,500 stronger than government, coercion. 818 00:45:52,500 --> 00:45:55,500 And that's just a fact, right? And I think the Chinese Minor 819 00:45:55,500 --> 00:45:59,100 mining is an example of that. So anyways, I thought that was 820 00:45:59,100 --> 00:46:01,400 really interesting. I was going to do a whole video 821 00:46:01,400 --> 00:46:05,100 on just that alone like a new series for simply Bitcoin. 822 00:46:05,400 --> 00:46:09,200 But when I saw that Brian Armstrong video and he's 823 00:46:09,200 --> 00:46:13,100 basically coming to the same exact conclusion that I did, I 824 00:46:13,100 --> 00:46:16,400 thought I had to bring it to you guys immediately one correction 825 00:46:16,400 --> 00:46:19,900 for Brian. Before I shut up it's not crypto 826 00:46:20,500 --> 00:46:25,200 and the Solana example that Phil so beautifully covered In the 827 00:46:25,200 --> 00:46:30,000 fail, is why it's not crypto. You can't have a centralized if 828 00:46:30,000 --> 00:46:32,500 it's decentralized, cryptocurrency, that means it 829 00:46:32,500 --> 00:46:35,500 could be co-opted by a nation. State could be co-opted by a 830 00:46:35,500 --> 00:46:38,500 government. For this decentralized. 831 00:46:38,600 --> 00:46:43,700 New world order model, it has to be rules without rulers which is 832 00:46:43,700 --> 00:46:48,400 why Jack dorsey's building web 5 bait on top of Bitcoin and not 833 00:46:48,400 --> 00:46:51,300 these VC controlled shit coins, right? 834 00:46:51,300 --> 00:46:54,800 It has to be decentralised which is why we were Bitcoin. 835 00:46:54,900 --> 00:46:57,600 Channel right? Which I know a lot more will 836 00:46:57,600 --> 00:47:01,000 appreciate during the bear Market because this is when all 837 00:47:01,000 --> 00:47:06,700 the chickens get crushed. Anyways, Phil I know that was a 838 00:47:06,700 --> 00:47:09,300 lot to put together, but I've been thinking about this a lot. 839 00:47:09,300 --> 00:47:13,100 So I know it wasn't that disorganized no dude, that was 840 00:47:13,100 --> 00:47:14,000 that. That was amazing. 841 00:47:14,400 --> 00:47:17,800 I mean, look. So first off, I'm really 842 00:47:17,800 --> 00:47:20,600 surprised that Brian Armstrong has, you know. 843 00:47:20,600 --> 00:47:22,500 Sometimes he really does surprise me that. 844 00:47:22,500 --> 00:47:24,700 He has great takes, but then he such a shit. 845 00:47:24,900 --> 00:47:28,700 Joyner like I just don't get it. Like if he understands all of 846 00:47:28,700 --> 00:47:32,700 this how does he sit there and push it coins? 847 00:47:33,000 --> 00:47:36,200 We there's there's printers, I know, but that's the thing 848 00:47:36,200 --> 00:47:37,700 right? There's plenty of there are 849 00:47:37,700 --> 00:47:41,400 quite a few successful companies that do Bitcoin. 850 00:47:41,400 --> 00:47:45,200 Only. Okay, so it's not that you can't 851 00:47:45,200 --> 00:47:49,400 be successful and be Bitcoin only it's like he just rather I 852 00:47:49,408 --> 00:47:51,700 guess it's more important to him to be everything to everyone. 853 00:47:51,700 --> 00:47:56,800 But anyways look that aside I think At I think you hit the 854 00:47:56,800 --> 00:48:00,700 nail on the head, right? The decentralized West versus 855 00:48:01,000 --> 00:48:03,800 you know versus the East. That's actually the forward of 856 00:48:03,800 --> 00:48:06,100 sovereign individual. What you just said it was your 857 00:48:06,100 --> 00:48:11,000 teal and he says that it's going to be the it's going to be the 858 00:48:11,000 --> 00:48:14,500 new Chinese collectivist model based on Central Bank, digital 859 00:48:14,500 --> 00:48:16,600 currencies and the West. Right? 860 00:48:16,600 --> 00:48:20,200 Based on individualism however and worried because some in the 861 00:48:20,200 --> 00:48:23,500 west are trying to double down on the collectivist thing where 862 00:48:23,500 --> 00:48:25,700 I think the West should play. On his shrinks. 863 00:48:25,900 --> 00:48:28,500 And it shrinks is individualism. I'm sorry to interrupt you. 864 00:48:28,508 --> 00:48:30,000 Phil, no, not at all. Not at all. 865 00:48:30,000 --> 00:48:33,400 I, I appreciate that. And I mean, look, it's a good 866 00:48:33,400 --> 00:48:35,500 addition to it. Because look, it's true. 867 00:48:35,800 --> 00:48:38,000 They're your what you're saying is absolutely correct. 868 00:48:38,000 --> 00:48:42,500 There are pockets of strange. I mean, I call them strange 869 00:48:42,500 --> 00:48:46,100 because I just don't understand how these people can't see the 870 00:48:46,100 --> 00:48:49,400 infiltration, right? Like I just don't get how you 871 00:48:49,400 --> 00:48:53,300 how you can't see it. It's really in plain daylight. 872 00:48:53,500 --> 00:48:57,500 And unfortunately, This is a kind of like a mini battle 873 00:48:57,500 --> 00:49:01,400 that's going to play out before the real kind of battle that 874 00:49:01,400 --> 00:49:05,900 plays out the other piece. The other piece to it is, is 875 00:49:05,900 --> 00:49:09,700 this right, as you look at those Market Cycles, I was thinking to 876 00:49:09,700 --> 00:49:16,100 myself, where are we right now? And I'll tell you this, we 877 00:49:16,100 --> 00:49:18,300 didn't let you know. We've discussed this in the 878 00:49:18,300 --> 00:49:22,600 past, in 2008, we didn't let those companies fail, right? 879 00:49:22,600 --> 00:49:24,700 I don't know if anybody remembers the too big to fail. 880 00:49:24,800 --> 00:49:28,000 Fail narrative, you know, when these companies say they were 881 00:49:28,000 --> 00:49:29,700 too big to fail, you can't let them fail. 882 00:49:29,700 --> 00:49:33,000 They got to be bailed out. So these companies, right? 883 00:49:33,000 --> 00:49:36,400 They were essentially bailed out from fellow dinosaur companies. 884 00:49:36,400 --> 00:49:39,600 That also should have failed. Really the way you have to think 885 00:49:39,600 --> 00:49:42,800 of it is that some people were told, okay, listen, you're going 886 00:49:42,800 --> 00:49:45,300 to be part of the people that fail and you're going to be part 887 00:49:45,300 --> 00:49:47,800 of the people that succeed. And the reason why this happens 888 00:49:47,800 --> 00:49:51,200 is because of the money printer and the kantian effect. 889 00:49:51,400 --> 00:49:57,100 So my point is is that I, although Seem to be in the money 890 00:49:57,100 --> 00:50:00,000 Printing and credit phase of this whole thing. 891 00:50:00,300 --> 00:50:04,700 I actually think that we're starting already the Revolution 892 00:50:04,700 --> 00:50:07,300 War Phase. I actually think that that's 893 00:50:07,300 --> 00:50:11,200 already started to play out and the reason why it's not so 894 00:50:11,200 --> 00:50:16,900 apparent is because we haven't let the previous Cycles, the 895 00:50:16,900 --> 00:50:21,700 bubbles burst, they haven't burst properly and as a result, 896 00:50:21,700 --> 00:50:26,600 what we have right now is an illusion Yeah, and that's why 897 00:50:26,600 --> 00:50:28,800 we're not really seeing it, but make no mistake. 898 00:50:28,800 --> 00:50:31,500 I think that we are in the beginnings of Revolution and 899 00:50:31,500 --> 00:50:34,500 War, whatever form that takes, you know, whether it's kinetic, 900 00:50:34,500 --> 00:50:39,000 whether it's informationally. So on, so, anyways, just just 901 00:50:39,000 --> 00:50:42,600 some thoughts on that and you're, you definitely see that 902 00:50:42,600 --> 00:50:47,700 in the west, right? The the I've never seen Society 903 00:50:48,100 --> 00:50:50,500 in in the United States. This polarized. 904 00:50:50,500 --> 00:50:52,600 Right? So you really start to connect 905 00:50:52,600 --> 00:50:54,700 the dots with what Ray dalio is saying. 906 00:50:55,100 --> 00:50:56,700 Right? And then you see that with the 907 00:50:56,700 --> 00:50:59,700 rise in popularity of populist politicians, right? 908 00:50:59,700 --> 00:51:04,600 Bernie Sanders Donald Trump. So yeah, I agree, I agree. 909 00:51:04,600 --> 00:51:08,000 I think that this is this is I think it's history playing 910 00:51:08,000 --> 00:51:12,700 itself out, but I think with Bitcoin it really gives us a 911 00:51:12,708 --> 00:51:17,700 chance to finally break that cycle, that cycle of Boom, bust 912 00:51:17,700 --> 00:51:22,100 boom-bust boom, bust but it plays out over such long time 913 00:51:22,100 --> 00:51:24,800 scales that from a human perspective. 914 00:51:24,900 --> 00:51:28,100 If you really can't see it, unless you really zoom out. 915 00:51:29,100 --> 00:51:32,000 So anyways, Opti, what are your thoughts on this? 916 00:51:32,000 --> 00:51:36,400 My friend? Well, what Phil said, just just 917 00:51:36,400 --> 00:51:40,200 kind of got a heavy heavy air in the room about us being in the 918 00:51:40,200 --> 00:51:43,700 beginning of the revolution in war but all these Bitcoins the 919 00:51:43,700 --> 00:51:47,500 peaceful Revolution your people and but just to add on I don't 920 00:51:47,500 --> 00:51:50,300 think it's a stretch at all. I think anyone that is actually 921 00:51:50,300 --> 00:51:53,800 paying attention understands that this cycle is happening of 922 00:51:53,800 --> 00:51:58,400 the dollar. Empire in Decline at least on 923 00:51:58,400 --> 00:52:01,700 the world stage. There is a lot of mistrust going 924 00:52:01,700 --> 00:52:03,600 on in the financial world, if you're paying attention. 925 00:52:03,600 --> 00:52:07,900 But just to just to put my 10 foil hat on. 926 00:52:07,900 --> 00:52:11,400 I know the conspiracy theories are going to have a blast with 927 00:52:11,400 --> 00:52:15,100 this wording about the decentralized new world order 928 00:52:15,100 --> 00:52:17,200 coming from, Brian Armstrong's mouth. 929 00:52:17,200 --> 00:52:20,800 And in my opinion it sounded like he was endorsing China, a 930 00:52:20,800 --> 00:52:23,500 little bit. But hey, I'm not here to talk 931 00:52:23,500 --> 00:52:24,800 about all the conspiracy theories. 932 00:52:24,900 --> 00:52:28,300 Is, I do believe that you guys have a point in saying, I think 933 00:52:28,300 --> 00:52:32,600 we all know that something is coming up the pipeline and it's 934 00:52:32,600 --> 00:52:37,600 going to knock the Bitcoin dollar Reserve status from the 935 00:52:37,600 --> 00:52:43,000 championship and it's going to be Bitcoin. 936 00:52:43,400 --> 00:52:47,300 Yeah, I know this yeah. Did this and what we've always 937 00:52:47,300 --> 00:52:50,500 said, right? We've said this many times it's 938 00:52:50,500 --> 00:52:54,500 Bitcoin or slavery slavery, Central Bank, digital currencies 939 00:52:54,500 --> 00:52:59,100 the The China model or, or Bitcoin, which is freedom money, 940 00:52:59,500 --> 00:53:02,600 so, hopefully not too many bureaucrats in the, well, I 941 00:53:02,608 --> 00:53:06,300 mean, they're going to because power is intoxicating, but 942 00:53:07,000 --> 00:53:10,700 hopefully, they don't make the transition to rough on the rest 943 00:53:10,700 --> 00:53:14,300 of us like we're seeing in European countries and you're 944 00:53:14,300 --> 00:53:17,400 seeing all these attacks on proof of work where they should 945 00:53:17,400 --> 00:53:21,300 really be doubling down on that Innovation, because it's what 946 00:53:21,300 --> 00:53:23,700 keeps Bitcoin uncorruptible anyways. 947 00:53:24,900 --> 00:53:26,800 Phil. There was an open source 948 00:53:26,800 --> 00:53:30,100 software release by Donato guys. Want to eat everybody software 949 00:53:30,100 --> 00:53:33,800 releases, brought to you by Cipher safe, check them out. 950 00:53:33,800 --> 00:53:37,200 Cipher safe dot IO. I've got no paper around. 951 00:53:37,200 --> 00:53:39,600 You don't need any paper. What you need is to store your 952 00:53:39,600 --> 00:53:43,500 seed in the Cipher wheel or the all new Cipher grid. 953 00:53:43,600 --> 00:53:46,400 They both come with a tamper-resistant wire and the 954 00:53:46,400 --> 00:53:49,700 grid comes with a punch tool. All right, we've got not all 955 00:53:49,700 --> 00:53:56,600 version 0.1 0.3 Diaz in Delta that Has released its Down Below 956 00:53:56,600 --> 00:53:57,500 in the show notes. That's right. 957 00:53:57,500 --> 00:54:00,200 If you've got a novel, don't forget to upgrade your node. 958 00:54:00,300 --> 00:54:05,500 And of course, for our Audio Only platforms, don't forget to 959 00:54:05,500 --> 00:54:10,700 check us out on Apple podcast Spotify and anchor. 960 00:54:10,700 --> 00:54:14,100 If you want to stream a SAS check us out on Fountain dot f. 961 00:54:14,100 --> 00:54:16,000 M. We appreciate all the love 962 00:54:16,100 --> 00:54:18,700 stream assets through Breeze. Awesome. 963 00:54:18,700 --> 00:54:20,400 Thank you Phil. Our guys, I want to give a very 964 00:54:20,400 --> 00:54:22,900 special shout out to fellow pleb. 965 00:54:23,000 --> 00:54:26,700 He's gonna start writing during the Our Market go check out 966 00:54:26,700 --> 00:54:30,200 pirate Beach Bums, bear Market Diaries, where he's gonna 967 00:54:30,400 --> 00:54:34,800 interview, most toxic plebs and how they feel about the current 968 00:54:34,800 --> 00:54:36,700 bear Market. Also want to give a very special 969 00:54:36,700 --> 00:54:38,700 shout-out to our awesome clothing. 970 00:54:38,700 --> 00:54:44,500 Sponsor represent LTD.com Optimus is wearing the hoodie. 971 00:54:44,500 --> 00:54:47,700 Spill is wearing the hoodie, I'm wearing the hoodie, we're all 972 00:54:47,700 --> 00:54:51,000 wearing the hoodies because they're super comfortable. 973 00:54:51,100 --> 00:54:54,300 You could take advantage of the promo code down below to get 974 00:54:54,300 --> 00:55:00,600 10%. % off represent LTD.com anyways, guys, before we go, I'm 975 00:55:00,600 --> 00:55:02,800 going to give a special shout-out to her awesome guest 976 00:55:02,900 --> 00:55:07,000 he co-hosts with us on Sunday which the episode comes out on 977 00:55:07,000 --> 00:55:11,600 Monday, the legendary my live in truth, also known as Optimus 978 00:55:11,600 --> 00:55:12,900 feels. Anyways guys, that was our show. 979 00:55:12,900 --> 00:55:14,200 If you enjoyed the show you what to expect. 980 00:55:15,100 --> 00:55:18,000 Of course, if you want to continue hearing a Bitcoin, use 981 00:55:18,000 --> 00:55:20,700 from the Polly Platt for spective and the catastrophic 982 00:55:27,400 --> 00:55:29,000 and we'll catch you in the next one guys. 983 00:55:29,100 --> 00:55:33,200 Never forget, Bitcoin is dead at the previous Cycles,