Welcome back everyone, we're simply Bitcoin.
We break down the news. The daily fail mean review
software releases. And the plebiscites joining us
today, he is the captain of our Twitter ship and putting out all
kinds of breaking news. That's right.
We've got Optimus Fields. Joining us again on Sundays.
This is look, this is becoming a regular thing.
We love having Optimist here, he loves being here.
Anyways, Optimus say what's up. Up.
What's up? Everyone you're stuck with me
every Monday. It's good to be here.
Good to see you guys. Love you much k.
Bye. All right, good stuff.
Good stuff. I like that.
That was that was well said. All right, Nico, let's dive into
the numbers. Brought to you by.
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today like the model at the time of this recording, the block
height of 740 1500 to the Bitcoin price, 20 thousand five
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They deserve a whisper Nico at the end of the numbers whisper
whisper, dude. Well, are we gonna are we gonna
pull out the jokes again that Bitcoin is the new stable coin
at 20K. There's a to to start to get
upset or is it is gonna happen? Then we're gonna start to piss
people off. There could be, if this doesn't
feel like a stable coin at all, I might be it might be too soon.
Anyways, you guys know the deal. This is Sunday show which you
guys see on Monday, which means The legendary Optimus Fields who
has to fix. His green screen is going to be
hosting it today. All right guys, what's up?
Its Optimus I'm here for the numbers, happy Monday, here we
go. I'm going to share my screen.
This one is a good one guys you might think this is the main
review but no, this is the numbers.
So let's get into this. This one time Bitcoin went from
six cents all the way to 36 Cents.
It's and then it crashed down to 21 cents and then another time
Bitcoin went from 85 cents all the way to twenty nine dollars
and then crashed three dollars. And then another time Bitcoin
went all the way to $213 next crashed.
All the way this $70 And then another time Bitcoin went all
the way to 11 hundred dollars and that crash all the way to
two $39. So the moral of the story is
don't buy Bitcoin because you know it's going to crash again.
All right guys, so let's just update this little bit.
We started right here so you go to 11:00 and then it crashed.
Ash to $200 and then we go up and then Bitcoin went to 19k and
then it crashed a 3K and then Bitcoin went to 69k and then it
crashed and we're at 20 cake. So the moral of the story guys
is don't buy Bitcoin hahaha so you already know what time it
is. You know, I got to come here.
Here and make some some light of the situation because Bitcoin is
dead again and you know that the Bitcoin price is going to crash
because that's what Bitcoin does.
It goes up and keeps crashing to the right and it keeps failing
as number goes up forever. So guys, I really hope that my
now at the simply Bitcoin listener.
You understand the game that Bitcoin is going to go to the
moon and then it's going to crash and everyone is going to
do their And tell you that Bitcoins dead and we're going to
get a bit, you Ares, and everyone is going to do their
victory, dance in the touchdown dances but we will know about
fundamentally nothing has changed and blocks are still
coming in. They are still coming in block,
height is still at all-time high.
So guys you already know don't buy Bitcoin because it's going
to crash. So make out fell thoughts or
opinions. Onions.
Yes, I'm so glad you covered that because so we posted a
short this weekend did pretty well.
Shout out Phil, he was right because I got upset because Phil
posted a clip and a short at the same time I'm like no Phil you
can't do that and he just says no.
So he was totally right anyways in this short that blew up if
people are so sour when Bitcoin crashes, there's so sour and the
comments were so aggressive Ha ha.
I was right. Like, I don't feel like going
through every single one and saying, like, dude, like zoom
out two years and talk to me again, right?
But if there's no point, right? Anyways, I'm going to read one
of these comments. It was by Tony.
Mondo Le the FED took two million worth of bitcoin back
from those scammers from Russia, who hacked and shut down the
pipe lines on the East Coast though.
Bitcoin was supposed to be safe from government hackers and
theft proof. The FED already knew more about
it than most of the public. You won't be free from anything
no matter. How passion determine you are to
prove. Otherwise it's centralization
Skull emoji. Well, Tony, Mondo.
Le if you take self custody, you could literally take Bitcoin to
your grave and there's no fat or any government that could do
anything about it. So I think you were talking
about custody Bitcoin but I do appreciate Engagement on the
comment. Now, in terms of the price, I
thought I was going to read a comment in relation to the
price, but that comment was great anyways but we do we did
get some negative price comments.
Anyways. Yeah.
If you're looking at Bitcoin on a year, baseless the volatility
is crazy, but you can't expect to go to the Moon.
Without volatility volatility is the price you pay for number go
up. So volatility is a good thing,
right? So yeah, a yearly basis of
volatility might go down. And to the right.
But on a to 34 year basis, it goes up into the right and I
would much rather have something that goes up into the right,
then a fiat currency that's designed to go down and to the
right. Anyways.
Phil, what are your thoughts? I'm definitely concerned a kiss
with Tony's comments because I think he's a little confused as
to what's going on here. He kind of just mix the whole
bunch of things together. You know, between the, the fed
and the oil pipelines and Bitcoin and centralization and
poor Tony's going to have fun staying poor.
I'm sorry. We're not we're not here to
teach Tony. Dude have fun with that.
Enjoy that narrative. I'm not gonna waste my time
teaching you about this. Yeah, so look definitely though
with that with that fantastic that fantastic addition to that
video, that should be the new don't buy.
In video because you added those two new price points and and
it's true. Bitcoins.
Dead Bitcoin just went below. 20 km.
We're sitting at the previous all-time high.
This thing is stinks gone. Yeah, I don't know why anybody
hanging out anymore. We're sitting at the previous
all-time high. It's going straight to 0, look,
I can't believe that anybody can actually say that to themselves
with a straight face. When you think about the size of
the network, and you think about how many more addresses we have
below? What was it?
Like, 0.01 BTC? Listen, the hard lers, all of
this. All of this is noise right now.
Okay, I've explained this before, humans humans are
emotional, our emotions, don't always make sense and therefore
our emotions. In some cases guide, poor
decision-making such as possibly dumping at terrible levels.
Okay, people get afraid not everybody is here with the same
time lines. Not everybody is here with the
same intentions, okay? So I would suggest you zoom out
look at the signal, you've got more people.
Adding to the network, more people are learning about
Bitcoin and not only that, but the hash rate are we still close
to the 200 or did we just and with these prices, I'm telling
you right now that it's Gonna Take a Tumble baby.
Can wait. So now it's a not now it's a
lagging indicator though. That's right.
Is going down. Let's go.
That's going down. It's a sure it's not a good
example. But anyways, everything else is
still intact and I'm still hauling and stacking at these
prices because I'm getting so much more corn anyways.
Yeah, dude, Tony psychology. It's so fascinating because when
the price goes up, right, no comments or like a lot of
Engagement, but you do hear from these people.
When the price goes down, they come out of their caves, it's
like Peter Schiff. Like ha ha I got you now.
Bitcoins dead, and it's funny because, you know, Tony hasn't
done his research. He just heard a couple
mainstream media talking points. He put it together in his head
and he's, like, Bitcoin is worthless.
I'm smart because I, I saw some headlines on the mainstream
media like, this is so stupid. Bitcoin has a feature for these
people and leaves them behind you either get on the train or
you have fun to take part. That's really the reality of
situation as As soon as you come to terms with that fact, the
better it is for you to quote, Michael sailor.
Everyone gets in at the price. They deserve the question that
you have to ask for yourself is at what price do you want to
start stacking SATs? Anyways Phil it's time for the
daily fail brought to you by Swan.
Check them out Swan Bitcoin.com it's the best way to build your
Bitcoin stack with an automated Bitcoin Savings Plan.
They've got an app that's coming out.
The link is down below you know I think it Hilarious.
And I think this tags on perfectly with, with the numbers
because really the no coiners are just out doing their Victory
lap with, with Bitcoin dead at 20K, which is the funniest thing
I've ever seen. I think the date because it's
absolutely ridiculous. And we are just getting some
serious, serious hate. All right.
Let's take a look at some no coiner hate.
Here we go. This was a really interesting
one. I don't know who this person is,
but they've got the blue. Check mark or in my case the
white actually, it's the black check mark in the White Lotus
looking thing. Anyways, Grady underscore booch,
burn it to the ground and fling. Its ashes into the center of the
Sun. Not sure he realizes that
Bitcoin is completely digital so it's completely impossible and
what's hilarious is look at the chart that that he chose.
So this tells me that he couldn't find a horse chart than
Bitcoin being up, six hundred and eighty nine percent in the
last five years. Anyways, anyways, I think that
this is complete nonsense and ridiculous and also it's
hilarious, right? Like this is how, you know,
Bitcoin is actually not dead because we are sitting here at
20K, these no coiners are crying at wanting it to die, even
further. Now, this I thought was totally
hilarious. This is a tweet from Odell.
It's a nice clip from some corporate owned media from CNBC.
It's actually, it's Jim Cramer being interviewed by a I think
it's I think his name is Brian, my new season.
Pretty, he likes to talk about crypto a lot.
I know that's. I just totally forgot what his
last name is. Anyways, great tweet from Odell
and I think he's got a very good point.
We still got our Edge fam. Stay humble stack SATs.
Let's watch this. You've gotten pretty - on
bitcoin so the market can can bounce, but Bitcoin goes to 0,
or did you hear Tim or well, he's pretty smart.
You think Bitcoin bounces from here?
Or is it over? Yeah, I think We'll look I think
the people were involved with Bitcoin have to take another
stand you know like I like novogratz he was out there
yesterday David we need we need some guys to just say look this
is the level that's typical of what happens when you're when
it's about to really drop. Big hide.
So they just come on air and they say listen I'ma pyre you
get it sailor the other day. I mean I mean Hello if they
change the margin rates on crypto, he'd be out in a second.
So I do think that they have to make a stand.
So can can't let it go down anymore, whoever the day is they
got it just thinking I don't want you say it goes down,
another 50% or another 100 percent.
I think it goes to 12,000 well where it was in before this
whole Fiasco begin still alot tho for something that we don't
really know what the heck it is. Well it really isn't anything,
right? I mean, maybe it's like amazing,
like a champ distributed, let it sit like a distributed Ledger
there, you can make it. One more time.
Okay, pretty nice. Okay.
Okay, so hold on, before we dive into the, the main part of the
fail. I just want to point out a
couple of things at want to point out that for some reason,
Jim Cramer seems to think that there's a CEO of Bitcoin,
there's there's like a group of people that you can petition,
that are going to fix the, the Bitcoin price, or fix the
Bitcoin narrative. So I think that that's
absolutely lutely hilarious. And the second part to it is is
that they have no idea what it is.
Okay? So they've not like he has no
idea what it is and he thinks there's a CEO or there's some
kind of a board of directors or they there's the they that you
can talk to. So this is absolutely hilarious.
Nico. What are your thoughts?
My I think we hit bottom II was like I was skeptical before but
like I after seeing that video we have for sure.
Hit bottom. The reason I say that That is
because the exact opposite of what Jim Cramer says is.
Usually what comes true? So that's my take.
And again, we don't speculate on this channel etc, etc, etc.
That is adding comedic effect anyways, Optimist.
What are your thoughts on this? Well, can someone please call
Bitcoin? See, and tell him to call him
proud. This is ridiculous.
We need someone to start pumping this price, but I was going to
say the exact same. Same thing as Nico.
It's Kramer guys, he's the best counter indicator.
I mean Hello. So of course maybe this is
bottom, who knows? But man it's a the APA or did
the opposite of what Kramer says in you're going to be winning.
So, next question, Kramer is the counter signal.
Okay. All right, we get it.
And I agree. We grad, we get it, and I agree.
Okay, so let's dive into it because, you know what?
We had the no coiners this weekend.
But something I've noticed that's been happening every
weekend is that there's there's usually a shit coin that falls
apart. We are so fucking early.
I'm sorry, can't get over that fucking oh, yeah, yeah,
solutely. Yes, CEO Nico.
Optimus, we was like those those Bitcoin guys.
Like it's like, dude, like what are you talking about?
So called say, repeated Ledger. You know you got these guys.
You know, we've got novogratz, we've got sailor, how?
Come? They're not fixing this.
We will get him on the phone Nico.
I can't believe that's what it's just did.
They just they just, there's just so a cut.
They fit in the Fiat Matrix for so long.
That's that's what you get. You get those creatures.
Those dinosaurs anyways. Phil I'm sorry.
None of you contain myself, dude.
That, that was a lot. It's a lot to take in.
Look, it was a heavy video that I had to wait for.
I was gonna I was gonna do it sooner but Like this requires
the weekend recap because we need to be in the right State of
Mind. For that video and for Kramer
stupidity, okay, anyways, I digress, we move forward.
So every weekend, we seem to have some shit coin that falls
apart, or in some cases, it's the same shit coin, that falls
apart multiple times. So, this weekend, as you could
imagine, we are going to dive into Solana.
But you know what, take a little bit of a different angle on this
because I really have never actually taken the time.
Time to figure out what Solana does really, don't know what it
does. I don't think it really does
anything, you know, if that I've heard some shit coiners dub, it
as the etherium killer. But then I wonder what's it
killing. If aetherium is non-existent.
It's like vaporware, killing vaporware.
All right, so let's dive in. I found this really ridiculous
article called. How does Solana work is Solana
better than Bitcoin? That's right.
So here we go. It's designed to be the found.
It's okay. Yeah, we're serious serious.
So highly accredited. Highly accredited.
Major creds right here. Okay.
It's designed to be the foundation for decentralized
applications. I like that.
So on has unique architecture allows it to scale horizontally?
Okay. So for the people don't
understand it scales to the side, not up or down.
Anyways, provides a high. Lee available service with a
single point of failure, single point of Truth, in the form of a
blockchain state. All right?
So it's decentralized. It has a single point of fit a
truth, okay. The concept of Solana is to
create a decentralized network where applications can run on a
high-throughput low-latency platform.
You getting all this Optimus Nico, mmm sounds compelling.
You want to store your funds here, I get it.
The most important thing about Solana is its T to scale up
without compromising on security, or performance.
So, it's decentralized. It's secure it performs.
Well, we've got the trifecta guys.
Here we go. The typical productivity gain
for an organization. Using Salon has around 30
percent in the first year. Good number with a high chance
of reaching 50% or more in the second year.
Solana is an AI writing assistant, that can help content
writers generate content. At scale.
What does this mean to you? Anyways?
Okay, so we've got great numbers.
Secure productivity, wonderful. Fantastic.
Okay. So Corey hits the nail on the
head. It's a dino.
It's decentralized in name. Only, why am I saying this
people? Why am I saying this?
Because this weekend, Watcher dot Guru posted It Solana base
protocol so lend has voted to temporarily control the largest
whales account to mitigate liquidation risks that's right.
Central point of failure. What's up Nico?
I feel like you wanted to say something right?
I'm containing myself. Okay.
Okay okay.
Let's go back to Cory's tweet here because he's retweeting
Alex Thorn. Alex Dorne is explaining the
following. Basically, there's a levered Sol
In a defy lending platform that is dangerously close to
liquidation. If liquidated, it'll nuke the
Sol price. The defy platforms Deo voted to
seize the funds and liquidate OTC funny.
Part is approximately a million dollars of governance tokens
voted to seize 270 million dollars worth of Sol.
That's right. More or less approximately 1
million dollars worth of governance.
Tokens seized control of 270 million dollars, worth of SOL,
SOL. SOL also stands for shit out of
luck. It's interesting that that's
their ticker symbol because indeed the Sol holders are shit
out of luck. This should tell you why you do
not want to be sticking your value in this type of coin.
Okay, and here's another tweet just to help illustrate the
problem that happened, right? The same liquidation problem.
This is from at dagenham underscore Pi.
So he's also explaining that Sol is about to get liquidated and
that a whale had to deposit 5.7 million Sol, which is 170
million, and borrowed, 108 million USD.
See and USD T borrowed to prevent this and they're
proposing to literally The users funds to execute the OTC trade.
So that's right. They're going to seize all the
funds that are required in order to stop this liquidation event
from happening. The people who hold the
governance tokens, this is completely insane and scary and
of course you have to leave it up to the bitcoiners to just
really make this into something, absolutely hilarious at grubels
tweeted, Ste Lana and then georgg retweeted stolen.
Anna. The stealing is already in the
past and then this is actually my favorite tweet of all because
it really does describe the problem.
Intimately, Step 1 meet in this court, step to the side who to
steal from step three. We don't know and step for
profit. Okay.
So could you go back to yes? Shot of the official
announcement and just oh, yeah, absolutely.
It's the justification of the theft like just like look, it's
giving you options. You want to read it or do you
want to run it all? Read it over if you want.
So, here we go. Okay, it's the grant to Grant,
emergency power to soul and labs to temporarily, take over the
whales account. So the liquidation can be
executed OTC and avoid pushing Solana to its limits.
This would be done via a smart contract.
Upgrade emergency Powers will be revoked once the whales account
reaches a safe level. You'll notice they're not
telling you what the safe level is.
So, here we go. The vote vote.
Yes, enact special margin. Fireman's for large whales that
represent over 20% of borrows and Grant emergency power to
sell and labs to temporarily take over the whales account.
So the liquidation can be executed OTC or you can vote.
No, do nothing? Oh my gosh.
This is really, really cringe. I had to retweet this today and
I said it's that moment when you realize that you are the exit
liquidity. I mean look you know we we
obviously We kid the shit coins, right?
But at the end of the day, there's a reason why we
continually kid them. And there's a reason why we
continually bring these cases to your attention over and over
again, like we're not kidding because you got to realize once
this money is gone, it's gone. And the problem is is that
you're once again, putting your you're putting your trust, your
time, your value into someone else's hands, that really
doesn't give a shit. Shit.
So, we are here to tell you, if you are going to move your money
to what you believe to be something decentralized for what
you believe something to be unsensible, or that can't be
confiscated from the government than we are here to tell you,
the only option that you truly have is Bitcoin.
So, and we're going to keep pulling these shit coin stories
out. One after another to prove it to
you, anyways, Nico, yeah, dude, we were freaking right.
We were spot on the writing was on the wall.
All when they they froze the chain a couple, a couple months
ago we call do. We told you guys, this is seems
this is not decentralized. Look, if you want to separate
money from state if you want Humanity to take the next step,
right? Private property for all you
need to take the ability of the mob, also known as Government,
their ability to democratically, right?
Steal other people's money with a majority vote.
Okay. Bitcoin is Rules without rulers
Perry, it does it matter if the all the Bitcoin Community comes
together said, I want to take Bitcoin away from that address,
give it to everybody else. Well, 3 distribute, whatever you
want to call it. No, it's a hard.
No. Right.
And what are the benefits of that?
No censorship. Censorship resistant better set,
right? The the, the lack of the
government to enforce inflation in order to pay for their own
bills, right? They could do this right?
They could freeze anybody's account they could just take the
wealth. Okay it's decentralization.
As long as things are going good but as soon as shit hits the
fan, have you ever heard that temporarily enact emergency
measures? How many times have you heard
that? Remember when it Richard Nixon
said in 1971, we're going to temporarily stop or stop.
The convertibility of go. It's always temporary.
But it never is free contemporary.
It's a shit coin. It's worse than a shit coin.
It's a central Iowa but they're all centralized.
And look, I'm telling you that when the theory of moves, the
proof of stake Same goddamn shits gonna happen, okay.
They're just going to come up with an excuse listen, if it's
not too centralized from day one the incentives to decentralize
it in the future every day that it's not decentralized, right?
The incenses just grow stronger and stronger for the party or
the elite or the shit coin. Devs that control that chick
coin not to make it too centralized but they're sure
going to Market to you is decentralized.
This is this is this This is a clown show, you can't separate
money from state with us. If you think some devs because
they're hurt financially can co-opt it this easily by voting
by mass majority government is going to be able to do it in the
future also. Oh man, this is the opposite of
rules without rulers, bro. This is this is a clusterfuck.
And you know what? Phil we've been calling this for
a very very long time to toot. Our own horn before before Good
optimistic. I just want to add.
I just want to add to what you're saying.
Beacon chain will be eats rug pull.
People think that it's the ship coin casino.
That's the rug pull. But I'm telling you Beacon chain
has thirty three billion dollars locked into it.
That's going to be their quote unquote move to proof of stake.
When that happens that's going to be the rug pull 444 eith.
Anyways, dude, it looked we need to learn as a species, right
centralization, right? This what banking is, that's
what's up. Well banking is rights, is giant
centralization Central planning what you're seeing from the
Solana. Guys is a form of central
planning. Let me steal from the haves to
give to the Have Nots. And this goes back to something
that I've been saying for so long film.
That the shit coiners remind me of collectivists,
collectivization is death individualities, the future,
individualism is the future and only Bitcoin is going to enable
that the shit koiner the shit coins.
This false sense of Illusion that it has the centralization.
But when push comes to shove, right?
Whether it's vitalik, stop the trading, stop the trading, their
real cards, get revealed every single time it's soon as shit
hits the fan. Boom with Bitcoin.
Who you gonna call seriously? Who you gonna call?
There is no one to call and that is a feature and not a bug.
Wow, dude, wow. Wow.
Anyways, Opti, what are your Thoughts on this brother man the
shit coin. Grift it really gets your blood
going boiling. When you see things like this,
like it's really amazing that people still fall for this and I
really love the Flaming framing that Cory's did the dino dino
fi? That's hilarious decentralized
in name, only. I think we've been saying that
for, for a few weeks now about how you can put decentralised in
front of anything and people are going to like consider it
decentralized. But man, this Crazy that they're
voting for wealth theft on the blockchain.
They're voting for bailout on the blockchain.
Socialism on the blockchain save us.
It is the same as the Us today it, nothing changed, dude.
But you don't think Central Banking is the same as the
bailout. It's the same goddamn thing.
It's the same thing. Exactly.
The same thing on the blockchain much Innovation on the
blockchain though. So it's the central.
I like, it's so ridiculous. One point I want to add, though,
I saw in a Twitter thread that apparently one of there was like
a million something votes for some for this to happen and a
million-plus of those votes came from one entity.
So back to what we're saying about proof of stake and shit,
coronary about this is where the real true centralization happens
that this is why those whales are able to control this network
is because of situations exactly like this.
So it's so it sounds to me like it's one whale that didn't want
another whale. It's like there's two whales
battling it. The Peasant are the kind of
Gillis, dude, it's so much you want to bet one of those?
Whales is a 16z sorry. No, you're absolutely right
dude, it's so freaking stupid, man.
Democratic money sucks. Okay, it's terrible.
We need, we need rules without rulers, which is only Bitcoin
can provide because it's the only truly decentralized
cryptocurrency. Therefore, it's the only
technology only tool we have to separate money from state if you
could vote. A government could capture it
and that's a big No-No. Anyways, Phil it's time for the
daily meme review brought to you, by Citadel 21, it's the
best Bitcoin cult Rosine. It's stories articles Comics by
actual bitcoiners is our every art where every volume has
different artwork, does. The artwork for volume, 10,
volume to Volume 11 and they're scarce is only 1,000, physical
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today before they run out. All right, everybody first meme
is brought To Us by I sigh and he is replying to a comment by
our own coin Icarus. Also known as Phil also known as
copper Nixon summer, some really salty note coiners out this
weekend. Bitcoin.
Not dead. Think about Tony's, common in
the beginning, bro. How the F do Bitcoins, where
you've been this is? Do you want to know what Tony if
you want to know what Tony looks like?
When he wrote that comment? There you go.
Alright, anyways, here is Bitcoin meme hub, Yes.
I told you to cash out at 69k. Yes.
So what are we going to do now stack more?
They don't understand. We won't go back to slavery
money. Here's Roth - if I had a dollar
for every time collectivism worked, I would have zero
dollars who incidentally if it did work, I would also have zero
dollars. I gotta, I gotta keep getting
into the habit of saying that because collectivism is behind
all these terrible. Ologies whether it's communism,
socialism fascism. It's all the same thing.
It's all collectivism, right? So individualism, good
collectivism bad. I gotta get a starting to start
to get into the habit of that. Anyways, next one by thinking
about Bitcoin when you're looking at Price charts too long
instead of focusing on constant consistent, stacking overtime.
Do check out those mountains. Ha ha ha.
Oh man. Okay next one.
Bye. Run the banks.
You panic sell I panic stack. We are not the same.
Absolutely true. This would bitcoiners do.
This is what Jim Cramer, doesn't understand else next 1 by LC
hottel not. I'll see how little did you
know, in order to play the role of an insane and mentally
depressed? Person, the movie Joker, Jack,
Queen, Phoenix, leverage traded Bitcoin.
All right. Next one bike, or DeLorean it
debating, whether an idiot is a waste of time.
They'll have fun. Being poor, no matter what you
say me. Inflation, is it?
Caused by money. Printing Mew.
It's so true. Like at this point and we're at
this year and you're still saying that like you deserve,
you deserve to hold all the Fiat in the world forever and see how
you feel about it. Anyways, for those awesome
memes, I'm going to give it a lemon but not only is it a
lemon? It's a lemon that's cut in half.
So it's a half lemon. Wow, we will.
Anyways Phil what would you get? Those memes?
Your score is going to go perfect with my score because
mine is a half-finished said Visa service are supposed to
finish. Three quarters finished Bill's
been in a week in Florida. And one show.
He shows up drunk and another show.
He shows up sunburn, welcome to Florida, Phil flows in the
process of becoming a Florida man.
Anyways Opti, what would you give those awesome me?
All right, so good memes. Guys.
And I finally got my represent package in and part of that
package was this epic sticker? Let's see if you can see this
very kind of get it. You kind of got it.
Very nice, very nice.
Anyways, guys, we want to know if you agree with our scores,
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Alright, everybody. So, I was actually going to make
a separate video on this and what I'm talking Talking about
is Ray dalio came out with a came out with his.
It's a book, really. And he actually came out with a
video called Ray dalio changing World Order and the video has
over 15 million views. And the argument that Ray dalio
is making is that that like life Empires go through Cycles,
right? So we all know before the
American Empire, really Rose to prominence after the victory in
World War Two. It was It was Great Britain,
right? And then before that it was
another people. And then before, that is another
people I would like to make the argument that if fiat currency
were to continue. I think Ray dalio spot on right?
I think that the u.s. is clearly on the decline.
You see that with the moral decay of society, you see that
with the corruption, you see that with the wealth inequality
and then trying to would take its place.
We're trying to as the rising World Order and that's actually
the case that Ray dalio makes in his book and his video.
I really recommend that video. It's fascinating.
Very good production animation. All that stuff.
Anyways let me read some of this article that does a brief
synopsis of of all this. Anyways, check it out.
It says just as there's a human life cycle that typically lasts
about 80 years, give or take and no two are exactly the same.
But most are similar, there's an eggless a naturalist Empires
life cycle that has its own typical patterns.
Then here, he has a picture of it in the beginning of the
cycle, the New World Order, peace, prosperity, productive
debt, At growth debt bubble and big wealth Gap and then it
reaches the Pinnacle, and then it starts going down, debt
burst. And economic downturn, sounds
familiar, printing money and credit Revolution Wars, debt,
and political restructuring, New World Order, and this makes
sense, guys. Think about what has happened in
the last five years, right? We had the rise of populism.
We have candidates like Bernie Sanders.
You have candidates like Donald Trump, right?
You had the 2008 financial crisis now, think of Out Peak
America, the 1950s, right? And this really starts to make
sense, peace, prosperity and productive debt growth, right?
And then in breathe, after the creation of a new set of rules
established new world order, this typically follows a war.
By the way, there's typically a peaceful and prosperous period
right after World War Two in the United States, as people get
used to this day, increasingly bet on this prosperity to
continue and they increasingly borrow money to do that, which
eventually leads to a bubble as a Prosperity, increases the
wealth. Crap grows eventually the debt
Bubble Burst which leads to the printing of money and credit and
increase internal conflicts, which leads to some sort of
wealth redistribution Revolution, that could be
peaceful or violent. That is what has happened.
Repeatedly happened through time the line in the chart.
Signify, the relative power of The 11 most powerful Empires
over the last 500 years in the chart below, you can see where
the US and China are currently in their Cycles.
As you can see, the United States is now the most powerful
Empire, bye-bye. Not much.
It isn't relative decline. Chinese Powers rapidly rising
and no other powers. Come close.
And here's a simplified version of the chart, right?
This includes all the previous old Empires and stuff.
Here's a more simplified version where he takes out all the junk,
but the most aesthetically pleasing version, that
obviously, simplifies the hell out of it.
Is this chart it goes by how many years, right?
And here are years, the Netherlands here is Great.
Britain. Here's the US.
And then the rising power of China.
Now I mentioned I was going to make a video of this earlier and
actually prepared a thumbnail that I got a fellow pleb to
prepare for us Rusty which I'll pull up for you guys so you guys
to see what I'm talking about. But I actually ran into a video
of brine Armstrong and making the exact same point that I was
going to make in this video and actually wanted to play it for
you guys. And then we'll talk about A
little bit anyway, so check it out.
Every fiat currency historically, starts off
connected to some kind of hard commodity like like bored or
something. But every single one of these
Fiat currencies in history, I think there's been thousands of
them. They eventually, you know, break
the peg with the the hard commodity underneath, and then
they eventually inflate it away. And then there becomes a new
world order and it seems to be this Unchangeable law or
something like that because basically the political
consequences of having a sturdy are too high, nobody wants to do
it. And so the ski and thing to do
is always basically, to print and so.
But I think there could be scenarios where this doesn't
happen. Maybe the u.s. gets like a
really new compelling leader in office.
Some kind of turn around with like science and technology and
education that actually leads to a new wave of innovation.
But We it doesn't seem to be super confident in a variety of
areas as right. And so I look I hate to
criticize without providing Solutions so I don't mean that
is like a - tap on any particular person or group or
whatever. I always want to be part of the
solution. I put my bike overall pieces I
think is that crypto represents a really compelling alternative
for the west and Western values to basically Embrace
decentralisation as the New World Order because otherwise
the, the Chinese you One may become the new Reserve currency
of the world. And if I think trying to do many
good things but they're also not aligned with our values when I
say our, I mean, like u.s. Western liberal values and so it
may be actually beneficial to have a decentralized West to
compete with a centralized East and that could be the new world
order. It could be called a US World
Order but it's really going to be more of a crypto as a trans
National Reserve currency corner.
So look, every when I I was Already coming to these
conclusions on my own and then, when I heard the CEO of
coinbase, come to the same conclusion that, you know, I
think that Ray dalio spot-on in his observation in terms of yes
I think that there were in the middle of a changing world world
order where I think he gets it wrong.
As he doesn't understand that because of because of
Technology, right, I think that technology is outpacing these
old archaic institutions and it's giving the individual
access to Freedom the likes of which we've never seen before
the book of sovereign individual touches on this a lot, right?
So I think that in the future, it's not so much the centralized
power who has the most centralized power.
Because if that was the case, I think China is going to out past
the United States, it's more. It's a decentralized.
Swirled, right? The balance of power which is
something that I've said, many times on this show, violence
doesn't give the same return in a decentralized world.
The way it used to, right before it was, who had the most amount
of guns, right? That kind of goes away when an
individual could store millions billions if not trillions of
dollars in their mind. So, I think Ray dalio is wrong.
I think he's spot on if we stayed in the Fiat system.
Item. But I think that in a Bitcoin
world, I don't think that theory applies.
And if you still look and connect the dots, right, why do
you think trying to ban Bitcoin? Why, why is that?
Why did they ban Bitcoin mining? Why did they pass a law that
says, if you get caught with Bitcoin or transacting a
Bitcoin, you get 10 years in prison and you got a 250
thousand dollar, fine, that's fear, they're doing.
Out of fear. And the incentive is so great,
that it's estimated that between 10 to 15 percent of the hash
rate is still in China. So again I think that the old
model of the nation-state and it was the nation state that issued
the currency. I think it's dying and I think
that we're seeing that I seen, we're seeing the crook, the
cracks of the nation state model.
Look at there, they'll get their response.
To the pandemic. And it, it only it not, it's not
only money, that's the centralizing.
It's also information. Look at how the Legacy Media is
vying to try to keep everyone's attention by dividing everyone
and selling people on propaganda.
And you have Joe Rogan a dude on his microphone, absolutely
crushing their numbers. The old model of centralized
information, gatekeeping information and centralized
money and gatekeeping money is dying instead and I don't think
that Ray dalio is model in this new world or like with Cory
likes to say this Brave. This bright orange future,
right? I don't think it applies.
And I think that if America wants to stay ahead of China, it
has to stop fighting Bitcoin, and embrace the centralization.
But If it Embraces the centralization, that means that
a lot of bureaucrats that are used to having this Godlike,
power are going to have to give it up, and they're going to have
to give it up to individuals, right?
So I think this is going to play out, whether the bureaucrats
fight it all, do the best that they could do is delay it, but I
think that this is an inevitability.
Because, like, I always say Bitcoins incentives, are
stronger than government, coercion.
And that's just a fact, right? And I think the Chinese Minor
mining is an example of that. So anyways, I thought that was
really interesting. I was going to do a whole video
on just that alone like a new series for simply Bitcoin.
But when I saw that Brian Armstrong video and he's
basically coming to the same exact conclusion that I did, I
thought I had to bring it to you guys immediately one correction
for Brian. Before I shut up it's not crypto
and the Solana example that Phil so beautifully covered In the
fail, is why it's not crypto. You can't have a centralized if
it's decentralized, cryptocurrency, that means it
could be co-opted by a nation. State could be co-opted by a
government. For this decentralized.
New world order model, it has to be rules without rulers which is
why Jack dorsey's building web 5 bait on top of Bitcoin and not
these VC controlled shit coins, right?
It has to be decentralised which is why we were Bitcoin.
Channel right? Which I know a lot more will
appreciate during the bear Market because this is when all
the chickens get crushed. Anyways, Phil I know that was a
lot to put together, but I've been thinking about this a lot.
So I know it wasn't that disorganized no dude, that was
that. That was amazing.
I mean, look. So first off, I'm really
surprised that Brian Armstrong has, you know.
Sometimes he really does surprise me that.
He has great takes, but then he such a shit.
Joyner like I just don't get it. Like if he understands all of
this how does he sit there and push it coins?
We there's there's printers, I know, but that's the thing
right? There's plenty of there are
quite a few successful companies that do Bitcoin.
Only. Okay, so it's not that you can't
be successful and be Bitcoin only it's like he just rather I
guess it's more important to him to be everything to everyone.
But anyways look that aside I think At I think you hit the
nail on the head, right? The decentralized West versus
you know versus the East. That's actually the forward of
sovereign individual. What you just said it was your
teal and he says that it's going to be the it's going to be the
new Chinese collectivist model based on Central Bank, digital
currencies and the West. Right?
Based on individualism however and worried because some in the
west are trying to double down on the collectivist thing where
I think the West should play. On his shrinks.
And it shrinks is individualism. I'm sorry to interrupt you.
Phil, no, not at all. Not at all.
I, I appreciate that. And I mean, look, it's a good
addition to it. Because look, it's true.
They're your what you're saying is absolutely correct.
There are pockets of strange. I mean, I call them strange
because I just don't understand how these people can't see the
infiltration, right? Like I just don't get how you
how you can't see it. It's really in plain daylight.
And unfortunately, This is a kind of like a mini battle
that's going to play out before the real kind of battle that
plays out the other piece. The other piece to it is, is
this right, as you look at those Market Cycles, I was thinking to
myself, where are we right now? And I'll tell you this, we
didn't let you know. We've discussed this in the
past, in 2008, we didn't let those companies fail, right?
I don't know if anybody remembers the too big to fail.
Fail narrative, you know, when these companies say they were
too big to fail, you can't let them fail.
They got to be bailed out. So these companies, right?
They were essentially bailed out from fellow dinosaur companies.
That also should have failed. Really the way you have to think
of it is that some people were told, okay, listen, you're going
to be part of the people that fail and you're going to be part
of the people that succeed. And the reason why this happens
is because of the money printer and the kantian effect.
So my point is is that I, although Seem to be in the money
Printing and credit phase of this whole thing.
I actually think that we're starting already the Revolution
War Phase. I actually think that that's
already started to play out and the reason why it's not so
apparent is because we haven't let the previous Cycles, the
bubbles burst, they haven't burst properly and as a result,
what we have right now is an illusion Yeah, and that's why
we're not really seeing it, but make no mistake.
I think that we are in the beginnings of Revolution and
War, whatever form that takes, you know, whether it's kinetic,
whether it's informationally. So on, so, anyways, just just
some thoughts on that and you're, you definitely see that
in the west, right? The the I've never seen Society
in in the United States. This polarized.
Right? So you really start to connect
the dots with what Ray dalio is saying.
Right? And then you see that with the
rise in popularity of populist politicians, right?
Bernie Sanders Donald Trump. So yeah, I agree, I agree.
I think that this is this is I think it's history playing
itself out, but I think with Bitcoin it really gives us a
chance to finally break that cycle, that cycle of Boom, bust
boom-bust boom, bust but it plays out over such long time
scales that from a human perspective.
If you really can't see it, unless you really zoom out.
So anyways, Opti, what are your thoughts on this?
My friend? Well, what Phil said, just just
kind of got a heavy heavy air in the room about us being in the
beginning of the revolution in war but all these Bitcoins the
peaceful Revolution your people and but just to add on I don't
think it's a stretch at all. I think anyone that is actually
paying attention understands that this cycle is happening of
the dollar. Empire in Decline at least on
the world stage. There is a lot of mistrust going
on in the financial world, if you're paying attention.
But just to just to put my 10 foil hat on.
I know the conspiracy theories are going to have a blast with
this wording about the decentralized new world order
coming from, Brian Armstrong's mouth.
And in my opinion it sounded like he was endorsing China, a
little bit. But hey, I'm not here to talk
about all the conspiracy theories.
Is, I do believe that you guys have a point in saying, I think
we all know that something is coming up the pipeline and it's
going to knock the Bitcoin dollar Reserve status from the
championship and it's going to be Bitcoin.
Yeah, I know this yeah. Did this and what we've always
said, right? We've said this many times it's
Bitcoin or slavery slavery, Central Bank, digital currencies
the The China model or, or Bitcoin, which is freedom money,
so, hopefully not too many bureaucrats in the, well, I
mean, they're going to because power is intoxicating, but
hopefully, they don't make the transition to rough on the rest
of us like we're seeing in European countries and you're
seeing all these attacks on proof of work where they should
really be doubling down on that Innovation, because it's what
keeps Bitcoin uncorruptible anyways.
Phil. There was an open source
software release by Donato guys. Want to eat everybody software
releases, brought to you by Cipher safe, check them out.
Cipher safe dot IO. I've got no paper around.
You don't need any paper. What you need is to store your
seed in the Cipher wheel or the all new Cipher grid.
They both come with a tamper-resistant wire and the
grid comes with a punch tool. All right, we've got not all
version 0.1 0.3 Diaz in Delta that Has released its Down Below
in the show notes. That's right.
If you've got a novel, don't forget to upgrade your node.
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M. We appreciate all the love
stream assets through Breeze. Awesome.
Thank you Phil. Our guys, I want to give a very
special shout out to fellow pleb.
He's gonna start writing during the Our Market go check out
pirate Beach Bums, bear Market Diaries, where he's gonna
interview, most toxic plebs and how they feel about the current
bear Market. Also want to give a very special
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Monday, the legendary my live in truth, also known as Optimus
feels. Anyways guys, that was our show.
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