I don't believe sufficient evidence a good money against
before we take something, almost the names of government.
Welcome back. Everyone.
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Nico weekend edition numbers weekend edition numbers bro I
use look in the did you see it was absolutely hilarious.
You You saw the gold bugs like cheering because Bitcoin dipped
and gold rose and then literally a couple hours later it was gold
that dipped and Bitcoin rose again.
But dude the reason I'm bringing this up is because you know
we're going or we're living through in my opinion.
Right. You know a country hasn't been
invaded by another country to quite a bit of time, right?
And the fact that build that Bitcoin is holding These prices
with all the uncertainty going on in the world right now.
I think really highlights the strength of the network and not
only that, right? The hash rate also write making
an all-time high and again you know less than a year ago was
when the Chinese Communist party Band Bitcoin North in its
territory. So dude, again, you know, I
think it's really easy to get lost in the numbers, you know,
in the everyday You know, valleys and Peaks.
But dude, I'm very very bullish just because Bitcoin dude.
It really it really proved its resilience at least to me of
course that's a personal opinion anyways.
Fill right. On cue.
Oh yesterday I said that they were going to use.
I said that the conflict in Ukraine was not a danger to
bitcoin. However, I did say that the
establishment was going and and the propaganda arm of the
establishment was going to use the conflict and UK and Ukraine
as an excuse to attack Bitcoin. It was the New York Times the
New York Post and CNN. All released articles around the
same time that said essentially the Russians those those those
scary dirty Russians are going to use Bitcoin to go around
sanctions right and right on cue.
You, you have the vampire. Christine Lagarde head of the
European Central Bank and she's a convicted felon.
I might add. She is urging haste on crypto
regulation and wake of Russian sanctions.
If your union union should move quickly quickly to approve,
cryptocurrency, regulation that prevents Russia from evading
sanctions after invading. Ukraine there, there are always
criminal ways to try to circumvent a Prohibition, which
is why it's so critically important ain't that a mycaa is
pushed through as quickly as possible.
So we have a regulatory framework and here is a group of
six member States including Germany, Italy, Spain.
Also want to include cryptocurrencies under the
supervision of the new EU Authority for the anti-money
laundering. Now, a couple points here,
right? Russia hasn't been taken off the
Swift system. Why?
Because Europe would go cold because they're buying natural
gas from Russia, but of course don't pay attention here.
Pay attention to the dirty dirty shadowy super coders and their
currency of caught of choice. Bitcoin, you must be paying
attention to that. But yeah, dude, it's what I told
you yesterday that these people are not going to let a crisis go
to waste. They're you they're using this,
they're using this new narrative, as a way to Tactic
going. Now, I think governments and the
central bank people that really owned these government's.
They're going to have a really rude awakening when they find
out. Yeah, you could possibly
regular. I know not possibly, you could
regulate the on it on and off ramps.
We know, that's for sure, but you can't regulate Bitcoin once.
People are in the Bitcoin, ecosystem, your rules do not
apply here, right? And they're gonna have to
swallow it, right? And I think that they haven't
come to terms with that. I think that they haven't fully
Fully appreciated that because the way that Christine Lagarde
has been talking about Bitcoin, calling an escape valve and the
way that she's, you know, right here, she gets all giddy and
excited, you know, regulate them.
I think that's how banks have been used to essentially,
stifling and destroying competition.
Right? Is by by, by constructing this
huge regulatory motifs around them.
And the regulate, the companies to death, they did that to
Paypal in the early 2000s, right?
But they can't do that to bitcoin but they're trying to,
and it's just funny, right? Like it's funny.
It's like why can't we kill this thing?
This thing won't go away. So it's funny to see the
reactions. This means they're winning the
flank is heaviest over the target.
So yeah, man, this is bullish. But again, I suspect, especially
if things in the Ukraine escalate, they're going to keep
doubling down on this because it's such a juicy attack.
Vector, those, those dirty, angry Russians.
You know, they're going to use Bitcoin.
Forget about the banking system and how corrupted is no.
Forget about that. They're going to use Bitcoin
specifically to skirt tail, these the sanctions those dirty
evil Russians. That's what they're going to do.
Like it's just so it's comical bro.
It's comical. Phil, I am looking forward to
the day when they've see, because look, let's be honest,
right? What's gonna happen from this
crypto regulation, right? They're gonna, they're gonna
destroy all the shit coins, right?
And they're going to be left with just Bitcoin, And they're
going to sit there wondering why all of this regulation, all of
this money that they've wasted printed and wasted, why hasn't
it stopped Bitcoin? Hey, just don't get it.
And it's so funny and it's hilarious because she's a
convicted felon, it's even funnier.
Because we had Ron Paul here with the kyc AML stuff and we
show that all these regulations, all they're doing is wasting our
money and our time pretending they are LARPing, they are
They're essentially their LARPing about what they about
what they do for a living and LARPing is live action role
playing for the people that don't know.
And that's exactly what they do. These people wake up every
morning, they put on an outfit and they LARP all day long.
It's just hilarious. Anyways, good luck to them,
right? Good luck to Christine Lagarde.
The other piece I wanted to say was to your point, Russia hasn't
been taken off the Swift system and we all know why, right?
We all know that it has to do with the energy.
So Why are they blaming Bitcoin again?
Why, why do we need this regulation?
If this is, It's comical and I call it.
Did I call it? Or did I call it, bro?
I called it. I saw, dude, we read that in the
New York Times Are somehow this has to do with Russia.
If you buy Bitcoin, your funding nuclear weapons in North Korea.
Like, dude, it's like when I saw that I was like, oh, Jesus Lord.
I know what they're gonna do and right on cue the next day.
Christine Lagarde, you got a A Bitcoin shit coins because the
angry Russians are going to use it.
Like come on dude. Did Russia even threatened to
use Bitcoin? No, no.
The I don't even think they mentioned it in money in this
context in anguish. They want to stop Russia,
perhaps maybe these ESG and environmental policies that shut
down all the nuclear power plants and made Germany and a
lot of Europe reliant on Russia, perhaps.
But it's like it and it never, they can never work on
themselves. It's never an intro.
Aspect of thing. It's always looking out and it's
like that must be regulated that must be controlled.
This is the first time these Bankers these bureaucrats have
ever had competition. It gave they're getting
competition from a better money and instead of competing and
making their money better, they're trying to just kill it.
They're trying to use coercion to be like, don't look over
there, got Bitcoin is evil. Bitcoin is bad for the
environment. But here's the thing, I think
that this works in the short-term Phil.
But I think over time If there it's not going to work this
propaganda only works so well. But if the honey badger keeps
living if every, 10 minutes of block keeps being found, the
fact that that's happening. It's just one big middle finger
to these parasites bro and eventually you know, the rubber
hits the road and you know they're going to have to do
something right. But just watching them squeamish
and trying to use coercion to try to get their way, is
absolutely hilarious. But anyways, it's time for the
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Wait, stop sounds. Alright, I'm just going to
preface this fail with both of the fails that we're doing with.
They're going to be cringe AF. I apologize.
Let's dive into it. The first one, no, big story.
Just wanted to make everybody cringe.
This was shared with us. By toxic at who's actually going
to come and join us on the show fellow Bitcoin.
ER and yeah. Apparently apparently, if you're
in nft scammer and you're looking for some love, check
this out. The lonely ape dating club, and
exclusive dating app for the be a YC owners meet like-minded Des
gens from your favorite web three community and I always
loved how you notice how like in the last six months.
Be single one of these shit coiners, puts web 3 and
everything. It's it's like the propaganda
machine that Nico was just talking about.
If they say it enough times, eventually, everyone will just
assume it's real. This is not web three, they just
keep writing the word web 3 anyways, moving on to the meat
of our fail. That's right, there's nothing to
this this is just garbage. Anyways, moving on to the meat
of our fail. Never let an opportunity go
unused right? As Niko indicated, even in the
previous segment, well, guess what?
There's always a shit coin. Ready to take advantage of a
situation. What am I talking about?
These centralized data storage solution.
AR we've archives millions of documents from Ukraine.
That's right. Enabling trust minimized and
censorship resistant data storage.
AR, we've is generating a permanent record of the events
in the country. So here we go.
Shit coining to the rescue, right?
We're going to dive into this, though.
It's pretty entertaining Community owned and operated a
are. We've is archiving me.
Ends of documents from UK from Ukraine generating immutable,
historical records of what is currently happening in the
invaded country, ER, we've stores.
Its data in sets of blocks that are linking to multiple previous
blocks from the network forming a structure called block.
We've very clever, it's not a blockchain.
It's a, it's a block we've anyways, with over 900 nodes.
In operation, the decentralized data storage solution is
leveraging more. More than censorship resistance.
That's right. People there is more than
governments, not being able to stop you from, from feeding,
your family, and clothing yourselves that there's more
than that as the Network's economic mechanism, ensures
permanence by backing data with sustainable and Perpetual
endowments so far. The AR we've Community has
archived over 5 million documents from Ukraine Sam
Williams. Recently wrote on Twitter
extending his heart to those affected by the conflict.
According to Are we've found, ER, and CEO?
The block we structure enables the network to enforce minors,
provide a proof of access. That's right.
POA. All right, we're going to wrap
the article up and then we're going to dive into this.
A are we've crap. Once included in the network
stored, files are easily accessible from anywhere in the
world at any time with nobody including their original,
uploader able to alter them in any way forever.
Hmm. As long as you buy our token.
Hold on, hold on. We're gonna yeah, let us know
before we move on. Right, let's take a look, right.
We've got the a, are we founder and CEO.
So there's a central point of failure.
That means we're talking about a corporation.
But up here, they're talking about decentralized data
storage. Mmm.
I don't I don't know if I buy that.
Okay, let's move on. We're going to go to app deal.
We're going to take a look at the backers of a our weave.
No surprise here. We've got a 16z multi coin
Capital, coinbase Ventures. There's no shock here.
All right. Let's continue on.
We're going to dive into what is a our we've a are we've is a
protocol that allows you to store data permanently
sustainably with a single upfront fee.
Hold that thought for a second here we're going to go take a
look at their faucet store data on the Perma web for free.
You first need and this is where I learned about the shit coin.
You first Need some a are we've tokens which we'd like to send
you for free together with a wallet.
And then of course, because let's be honest, right?
You're buying, these are you're getting these tokens for free to
then pay to permanently put data into this Block Chain, which is
owned by a company. The AR we've company that does
have a CEO and founder, there's really nothing else you can do
with it. But they've added some
functionality. There is profit sharing tokens,
that's right. Profit.
Sharing tokens. Pst's are a simple mechanism
built using smart wave that shares.
The proceeds of any Revenue stream on the Perma web.
A revenue stream can be anything from a Perma web app or a
website to attention rewards from a mean by minting, a
profit-sharing token for a revenue stream users and
developers are able to trade proportions of future profit
from the assets by trading. The That sharing token itself.
I don't I have no idea what I just said to you, no clue.
This is completely ridiculous nonsense.
Anyways let's continue on here last but not least they said
that it's decentralized. Can't be stopped, it's
immutable. Okay.
So here's the picture says it. All you go.
Here's your decentralisation apparently 90% of the nodes plus
are all in China. Okay.
So Let's see here backed by a 16z, all the nodes in China and
all this immutable data from Ukraine, being stored and saved
right during this terrible time. Okay.
So look I'm just gonna say it. I see them as seeing this as a
marketing opportunity for their shit coin and they took it and
it's cringe as fuck and it's embarrassing and that's why I
didn't dive into all the technicals about it and I just
wanted to show everyone. The overview of this total shit
show. Anyways, Nika, AR we've helping
Ukraine, but listen, you gotta give it to the shit coins and
their use of very good names, okay?
They continued on that pattern. And again, just like the
transhumanist, just like the kid token, dude, they really like
they, like, the shit coins, dude.
Like they never, they never never.
Miss an opportunity to capitalize on a trend.
Okay, it just happens that this trend happens to be about this
terrible War happening at you crate.
Doesn't matter. That's an opportunity to out
we've. But, yeah, look, again, like all
shit coins. Dude, they try to sell you on
the tech, but once you do a little bit of digging, right?
Once you find out what's behind the curtain, right?
You realize you realize that, you know, it's centralized
garbage, right? Do you know this shit coin is no
different. It just they happened to be
telling you that you know somehow you need this storage
solution that you need a token for to buy and use which is not
really a safe storage solution. It's just a bunch of fucking
garbage bro. It's just garbage and garbage
and garbage garbage piled on top of about garbage, piled on top
of each other. And look all the shit coins are
like this, okay? If You look behind the curtain.
That is what you'll find. Okay.
Just garbage and most likely next that garbage you're going
to find a 16z right next to it, right?
It's garbage and a 16z. They had a baby and that is your
shit coin, anyways. So yeah, I just wanted to point
out to what you were saying, they always need use cases,
right? Like, for some reason, the token
like, if it actually was worthwhile, which it's not, they
wouldn't need to sell you all this other crap.
But There's no use for it. There's actually no use for it
except to get you separated from your money.
So the next thing they do is create this idea of an
ecosystem. Do you've got profit-sharing
minting, we've got an F, TS we've got the, it's they have to
constantly bring you a bunch of features.
And let me tell you something. When people are selling you,
that amount of feature sets, you need to question.
What is at the core? You really need to question,
what is at the core because Does that amount of feature sets
means they're hiding a bunch of, they're hiding a bunch of like
you said, just garbage and nonsense.
Of course, I just I feel bad for people that get rug by this
totally and I think you made a really good point, Phil, which
is all those feature sets and one of the things that we always
get in the comments, right? You always get that one should
corner here and there Bitcoin is slow Bitcoins a dinosaur these
123 shit coins are faster. They have more capability.
Bitcoin is the Way It Is by Design.
Because if you want to add all this functionality, that means
the nodes are going to need that much more resources.
And if the nodes mean have that much more resources, that means
you're going to see a centralization of things because
not that many people could afford those Nords.
Those nodes with that much resources.
That's why the four cores are so important.
That's why Bitcoins block size has to say, the way it does
Bitcoins about 13 years old. The total blockchain that The
amount of data that's in the entire Bitcoin.
Blockchain is about 300 gigs plus right?
So 350 360 right? All of Bitcoins history since
its Inception, fits and 350 gigabytes.
Which means that anybody with a one terabyte hard drive or a 500
terabyte, hard drive could now run a Bitcoin note when you have
with the theory mm you have with all these other shit coins.
Aetherium last time I do it. It was like Lop tried to like
download the whole thing. It was like seven.
It was like 17. Lights not to mention the CPU
resources that you need. You can't run it on a Raspberry
Pi. The Raspberry Pi will literally
combust, right? First of all, because of italic,
you'll have nightmares. I comment a like and I will
combust right in the second is because the etherium so resource
intensive. So again, it's a
mischaracterization. It's a marketing Ploy.
They're like look, pay attention over here.
Don't look back. Don't look behind the curtain,
right? We just happened to be annoying
as fuck and always look back. At behind the curtain.
In fact, we have a whole section that should be renamed.
Look behind the curtain said of daily fail.
So anyways, I'm just kidding. I'm kidding, it's a bad joke,
but yeah, like another shit coin.
Great name. Awesome marketing opportunity.
These people have no morals. Don't give them your Bitcoin.
But anyways, Phil, it's time for the daily mean, review brought
to you by sitting out 21, it's the best Bitcoin cult Rosine its
stories articles Comics by actual bitcoiners.
This is volume. 10. This is the artwork for volume
10. Every a volume as different
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only 1000 copies made per volume get your print of Citadel 21 to
day and a Halo microphone. All right.
So this meme is a little bit of Insider mean but I'll don't
worry. I will explain it to you.
This is the US government and this is bitfenix.
This is referencing the you know the the seizure that the u.s.
Government was showing off last month or a couple weeks ago
Where They seized 100,000 Bitcoin from this couple in New
York. This is bit for neck saying.
So I was wondering when we can get those 100K Bitcoin back,
don't worry later. And this is the US government.
Remember, I asked that question when that episode came out.
I wonder how what the process is going to be like for Bittman X
to get their Bitcoin back. Anyways whoa the fortune cookies
here really are more accurate, you can't A Ponzi.
That's absolutely hilarious. By the legendary Greg's, a great
next meme by Hong Kong and one you've been preaching about
Bitcoin for six plus years but your friend buys a shit coining
set its Bitcoin. Only shit Corner.
Ha ha ha that's hilarious. Very true.
All right, Ronald Raymond Bitcoin over trash Fiat when you
get a 3% raise but inflation. They've messed this up.
This means so many time. It's so funny because it starts
with an X. And then the guy just gets tired
and then at this point he's just like all right, whatever?
We're at 0.5 and I suspect this is gonna keep going.
Anyways, moving on to the next one by Rasmus, Behold.
Our new sink and US sanctions 949 967. 977 are you sure this
will hurt Russia. Russia, ha ha ha.
It's so true dude. It's so the Biden press
conference. One of the guys working at the
White House was like, yeah, we can't really because it will
hurt us and it's like, Dude, this is what yes G is garbage.
This is why it's garbage. You guys didn't think it
through. Anyways, it's so easy to moral
virtue and then when shit hits the fan you actually have to pay
the consequences. It's funny you Blitz Bitcoins
fault somehow, okay, anyone imagine everyone would have
listened to these asshats from the world economic Forum, dude.
Dude, they didn't plan for the Russia.
They know that they I think they were true.
They were trying to call Putin's Bluff.
Like I think that they were expecting that Putin called
their Bluff and it was like, nope.
Nope, nope. And it's like, dude, it's crazy
Ukraine to declare a state of emergency Grant citizen's right
to bear arms. So the Second Amendment isn't
just for hunting. Never was.
And again I'm going to connect this with the ESG shit.
Right. Yeah.
When everything's peaceful and everything's fine.
Right? Yeah.
Guns are evil. Guns are bad, right?
But when shit hits the fan, oh, all of a sudden good guns are
good again, right? So it's just stupid.
It's honestly stupid. But anyways, feel for that.
I'm going to give it. A box and the box has a doggie,
treat with how icing half on the side and we have a Coca-Cola
pencil sharpener. It's like this magic box where
you store things in that you've got now, huh?
All right. Hold on a second.
Those dog treats are so disappointing.
They look better than they taste.
Just saying. You had one.
You've eaten of course. Of course dude, that stuff looks
awesome. Some of it smells amazing.
And then you try it, it tastes like garbage.
Yeah, anyways, I'm going with the box of glue.
Oh, of course. It's right.
You saw my box and you wanted to step it up a notch.
Of course. I see how I know you don't have
as many glue sticks as I do. So I figured I have to one-up
you with the gluestick Rick and well at least you'll have a box
with the doggy treat. Okay.
And a pencil, sharpener, I would have eaten the doggy treat.
So all I would have left is the penalty.
The pencil sharpeners is very true, very true.
Anyways guys, we want to know, do you agree with our scores,
you disagree? Let us know down in the comment
section. And, of course, make sure to
join our telegram group and link us some dank dank dank Bitcoin,
memes to review. And also, make sure to subscribe
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our personal favorite Bitcoin tv.com, they don't censor their
because it's Bitcoin TV. But anyways Phil it's time for
the Daily News brought to you by crypto.
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Anything on the store crypto cloaks.com I've talked about
this a lot, right? I said on the show multiple
times, I'm sure you guys have heard me.
Say, if you've been subscribed to this channel, that Bitcoin
gives you two Powers, gives you the power to vote with your feet
and also your wallet. But I think that it's very easy
saying that but I think it's very rare of rare to see an
example of how powerful voting with your feet is because again,
if you compare this to the Fiat system, You see all these
nightmare images, in war-torn, countries of people trying to
withdraw their cash out of the ATM and let's say they're one of
the lucky ones that's able to do that.
What do you think those border guards are going to do coming
into that new country of yours? You're gonna have to trust those
border guards lat, right? And if you're in the united
here, entering the United States, it's ten thousand
dollars. All right?
So let's say you manage to scrunch.
It's not a lot of people manage to Scrump up all this ten
thousand dollars in cash and you cross into the u.s., we'll all
of a sudden that is confiscated oil.
Because you might be money laundering.
Oh there's that word again, right?
Anyways were criminals. Check out this very very
powerful. Powerful Story, by Francisco
Madonna. His crazy story, my webmaster
escaping from Ukraine, two hours before the government closes the
border for Men of War, age Bank, ATMs were blocked, of course,
and he who, and he, upon my advice had pre-loaded his
Hardware wallet with Bitcoin, makes it in time to cross the
bull. Which border and withdrawal
Bitcoin. Okay.
So check out, let's check out the actual text messages.
I'm already in. Krakow, I had a chance to hours.
After I cross the border, they close date, they close it to
avoid Russians to get in, but they let ukrainians plas happy
you made it, they closed it due to a statement and our president
to force every man, 18 to 60 years, too.
Old to go to war and fortunately, fuck, man.
You made it. I couldn't withdraw any money
Banks didn't work at all. I had nearly 600.
Ox, National Bank blocked, all International transactions.
I can't even send money to Poland, but you have Bitcoin.
Can I withdraw Bitcoin to their, to their money, to their money
somehow and Poland? Sure.
Yeah, sure ATM. Super convenient one.
Sometimes they'll also give to 2% if you sell to them, and then
he sent some ATM. Just put crack out.
Oh man, amazing, thank you. You're welcome.
That's the power of Bitcoin. I have a few thousand dollars,
hope it will be enough. However, due to the war, the
price is Going low is crazy. Not that much.
This is not virus. Okay, so yeah I can't say but I
don't we can't say that it. That is a real life example, of
what it is, I'm talking about that one gives you the power to
vote with your wallet, but also your feet and that's incredibly
powerful. You have a refugee, right?
Leave in leaving a war-torn country and he's able to bring
some of his wealth with him. Fully people wake up to the fact
that I could bring all of my wealth with with me and let's
say the Border guards are checking for Hardware wallets.
He you could memorize that 12 word seed phrase and a time of
need, right? That is the power of Bitcoin.
That is the power of a honey badger, and that right there is
going to change the world. Mark my words fill.
That look those text messages, I was getting Goosebumps while I
was looking at that, I mean, that is absolutely.
I mean look, it's double edged sword, right?
It's scary and it's also beautiful at the same time.
You know, it's scary because we're seeing real time what is
going on but at the same time it's beautiful because the power
of Bitcoin is being Illustrated even more and and in a real
world scenario that is actually affecting people.
This is not theoretical, right? Like a lot of times you know, a
lot of times You'd hear the, you'd hear the, you know, the
gold bugs. You know, talking about like the
end of the world, everyone's gonna, you know, at least you'll
have gold. Well, guess what?
It's not the end of the world. There is censorship.
Gold, can't fix this, but Bitcoin just did.
Okay, that's huge that. I think that people, you know,
this is going to be one of those events.
You know what, this is gonna be one of those events that wakes
people up even more. I really think so.
So you know what good for you? No good for that gentleman, that
he was able to experience the power of oin.
I think that just made a lifelong hablar.
He's probably gonna make his family into a family of hardened
hollers at this point. So look proof is our success.
And unfortunately, in these extremely difficult situations,
this is where proof comes through the strongest.
So hey, Amen. To this is why we Bitcoin.
This is why we picked coin. Absolutely, very powerful.
Phil anyways, guys, moving on to the next piece of news.
It's very contentious. Look, I'll be honest with you
guys. We have been covering this for
quite a while now. And again, if you've been
subscribed to this channel, I've been telling you for some
reason. The political left has been very
aggressive towards Bitcoins especially specifically in the
United States, The Establishment left like Elizabeth Warren like
Hillary Clinton. I've been hostile now, it's not
black and white. There's there's there's
left-wing Senators right? That do support Bitcoin.
There's left Min Congressman that do support and women that
do support Bitcoin. But I'm talking about the
establishment, right? The Establishment corporate
media on the left, including the New York Times, including all
the corporate media Outlets including MSN are the, you know,
the corporate TV media Outlets have been extremely hostile
toward Bitcoin energy Fudd, all Is fun, right?
And you look on the right hand side.
You had Tucker Carlson. All right, speaking very good
things about Bitcoin, and on top of that, it's been usually
Republican Senators, and congressmen and women that have
been passing these, of course, they're not going to pass, but
have been attempting to pass these bills.
Like, here's an example, Republican Congressman, Tom Omer
introduced a bill prohibiting. The Federal Reserve from
issuing, a central bank, digital currency and here is Cynthia.
Loomis. See u.s.
Senator Cynthia lummis, the Federal Reserve should buy
Bitcoin. So clearly unfortunately, and
I've been saying this as well, the last thing that I want is
for Bitcoin to become a partisan issue in the United States, but
it's not all. So, it's not also the United
States, we talked about this earlier on the week.
We you on track to ban Bitcoin who's responsible for for those
laws. And I'll real, I'll read it.
Let's check it out. The final draft of the markets
and crypto acids framework that Much anticipated package of
cryptocurrency. Regulations includes a
provision, forbidding the environmentally unsustainable
concessions mechanism, and of course, they're talking about
proof-of-work. Now, who was this pushed by?
It was pushed by centre-left social Democrats, the greens and
the left party. So, again, the question that I
have to ask you, right is the left, you know, one other
staple. Beliefs in that party is
inclusion. You know, worrying up about the
little guy, right? I think Bitcoin is one of the
most powerful Technologies when it comes to, including the
little guy. And I think Fiat is one of the
most Anti human Technologies when it comes to including the
little guy because every time the government prints, the
little guy loses, and most of the time, the little guy doesn't
have the wealth or the means to save inequities and Save in real
estate. So again, this is a troubling
development and this is something that Phil and I have
been covering day-to-day methodically for about a year
now and when you start covering things for about a year, you
start to pick up on patterns. So I'm very bummed out about
this. I hope this changes in the
future and actually had a talk with a buddy of mine who works
at Bitcoin magazine. I said, bro like I think this is
becoming a partisan issue and you know he I'm not going to
name who he is but he agreed with me.
So this is going to suck but he also said to give him credit.
He also said that senators and congressmen are not going to
have a choice but to be for Bitcoin, I hopefully that comes
true. But what I have to report now,
is that they're against it, and it sucks.
Again, it's not a black-and-white issue.
And also to be very transparent when you have the head of the
right-wing party in the United States, the Republican Party,
Donald Trump who's gone out against Bitcoin, but you also
have the head of, I'm sure I'm pretty sure it's going to be
Hillary Clinton. That's going to be running
against Donald Trump in 2024. She's she hates Bitcoin.
Right. So like it's not again, it's not
black and white. Right side, only right.
When people like Bitcoin and it's like that know there's
right when people that don't like Bitcoin.
I'm sure. And I'm sure there's left-wing
people that like Bitcoin, but I'm talking about the
establishment. I'm talking about the people in
power in those parties, right? And for me, it's night and day,
right? But anyways, we're going to be
on top of this how this develops, but I want to play
this clip by Ted Cruz and he has some thoughts, right?
He says, one of the reasons I'm bullish on bitcoin is because
it's decentralized. The Tate's Bitcoin, because they
can't control it. All right, so that's a big
claim, of course. He's a politician, right?
He's trying to buy brownie points, right?
He's trying to get elected. He does, you know?
He is a senator from the great state of Texas, right?
Was big Bitcoin country. So he needs those Bitcoin
companies to donate to his campaign baby because that's all
these politicians work. But I think this is a Monumental
moment because this is one of the most predominant right-wing
senators in the United States. Ted Cruz very well known.
This guy ran for president and on the other side,
unfortunately, you have Senators like Hillary Clinton, sorry?
Like Elizabeth Warren saying that, you know, attacking
Bitcoin for its environmental concerns.
So again, this is too early to tell and I hope that I'm wrong
here, but I'm starting to notice a pattern.
And when this video came out and you have Ted Cruz also noticing
that pattern as well. I might be onto something but
again it's too early to tell. Let's see what Ted Cruz has to
say in this video. So we need to decentralize, we
need to break it apart so one of the reasons why I am so bullish
on crypto on bitcoin because it is decentralized, not
controllable. And let me give a fantastic
example. So Justin Trudeau.
Said, I do like me some truckers.
So we're going to seize your assets.
So then the court went to try to seize the crypto that was being
given to the truckers and I don't know how many of y'all saw
a letter that I actually want to read from It's a letter from a
company Bitcoin company called nunchuck.
Here's part of the letter, dear on Terriers Superior superior,
court of justice. Our software is free.
We do not collect any user identification information
Beyond email addresses. We also do not hold any Keys.
Therefore we cannot freeze our users accounts.
We cannot prevent them from being moved.
We do not have the knowledge of quote, the existence nature
value and location of our users assets.
This is by Design. Please look up.
How self custody and private Keys work when the Canadian
dollar becomes worthless. We will be here to serve you
too. That is spectacular, by the way,
contrast that to the Craven sniveling response of corporate
America? When others when some whiny
snowflake tweets at them like, oh my God, I'm sorry, I'm sorry,
I'm sorry. Sorry like God.
Bless you saying to the government, go jump in a lake.
That's how our country was founded.
That is powerful by the way. That is also why China?
Recently, banned Bitcoin. Because they can't control it
which is the exact same reason, Elizabeth Warren hates Bitcoin,
the Chinese Communists and Elizabeth war and they both want
to control you, your assets, your savings, your speech, your
life, your children, every decision they want to control.
And so we need to break up the means of controlling the
citizenry. So again, to be specific, he is
trying By brownie points. He is a politician.
Okay now China we know for a fact that's why they banned
Bitcoin. Okay now Elizabeth Warren again,
I'm going to make an observation here okay the same reasons that
she wants the essentially attack Bitcoin where the same reasons
that the European Union wants to ban Bitcoin because it's proof
of work. And what what, what is what is
the problem with proof-of-work proof of Work is what makes
Bitcoin uncorruptable. So, I don't know whether to give
them the benefit of the doubt or not, I don't know if they're
their goals are really to save the environment.
Personally, I think it's about control.
There's too many patterns, right?
You have the hit pieces from the garden.
You have to hit pieces from The New York Times.
It's all about the climate, right?
You had the hit piece from The Economist, essentially, that
Bitcoin is a tool for the right for the white.
Right, even though it's anything but that we know that Bitcoin is
all-inclusive. We know that Bitcoin gives
opportunities to ukrainians fleeing the country, it gives
opportunities to Afghan. He's that are trying to receive
money from overseas that saving the people of El Salvador, tens
of millions of dollars every year in remittance, fees alone
doesn't sound very white supremacy to me.
So I don't want to come to a conclusion, but I think the the
environmental thing is BS. I think that there's Insidious
means to some people in The Establishment left.
And they're using noble goals to try to ban something because
they cannot control it. I've haven't been, I haven't
wanted to say that ever on this channel and I've been holding
myself back. But again, you have to cover
this for about a year and you start to pick up on patterns, we
had a progressive on the show, name of the episode, was the
progressive case for Bitcoin, and I asked him out, right?
Why are they attacking Bitcoin for environmental reasons?
You know, that's not true and he could not answer that question.
So, I don't know, man. It's a collaborates.
It's a combined effort, right? They did it.
They did a whole panel that in Congress, cryptically, the name
of the panel was called Creek, cleaning up cryptocurrency, they
advocated for proof of stake. But they bash proof of work.
I don't know if it's an, I don't know if they, if it's really
about the environment, I don't know if I'm paranoid because I
think all bitcoiners are really paranoid at heart.
I don't know. I have no idea.
I, I think Ted Cruz was a being a little bit hyperbolic, in my
opinion, at the end. Hmm, he's a politician, he's
trying to get bad brownie points.
And again, we've tried to be as a political as possible on this
show, but look, I'm sure you. Guys are picking up on that
pattern as well. Why is the establishment left
and their their media arm attacking Bitcoin and wise The
Establishment right? Embracing it and that's a fact
that is not speculation. Why is that happening?
And why our establishment left-wing politicians attacking
Bitcoin? Not only the United States also
in Europe and why are right-wing politicians and bracing?
It I don't know the answer to that question.
But it's alarming. And the last thing that I want
is for Bitcoin to become a partisan issue because it's not
a right wing technology. It helps both sides.
It levels out the playing fields between the elites, which is the
dream of the left for, I don't know how long.
So, it's like, how could you even think that it gives the
little guy, it levels the playing field between the the
super-rich guy, and the little guy?
So it's not a right-wing thing. It's helping people in
underprivileged countries all over the world to save for the
first time without their money being at risk by of confiscation
or or debasement. So I don't know.
But I do know something. And it's the last thing I'm
going to say Phil is that Bitcoin has this habit of
shining the light of Truth on things.
And it exposes the Aryans on both the light, the left and the
right. So is this Bitcoin is is one of
Bitcoins most unknown features once again doing its thing.
Phil. I was just about this at the
start with it exposes everyone's incentives, whether we are
friends of Bitcoin enemies of Bitcoin, it makes no difference.
It exposes everyone's incentives, but I just want to,
I'd like to go back right eye. We've said all Ready quite a few
times that this was going to become a partisan issue.
Why? Because Bitcoin fits the for a
good portion of its qualities. Fits the quote-unquote rights
narrative. But the thing is, is that it
actually creates the type of world that the leftists, quote
unquote, sell the public. So at some point, right?
The incentives are not going to align.
And we're already starting to see it happen and this goes to
your point, right? That makes essentially that
makes these environmentalists, especially specifically the the
let the leftist environmentalist.
It makes them look like Hypocrites, because at the end
of the day, Bitcoin is actually doing these things that you
wanted to do, whereas the shit coins and their proof of stake
is only going to offer you the control and the Fiat shenanigans
that we already have. So now we go back to what we
said. Be at the end of what what you
were saying Bitcoin exposes their incentives.
It's not about the climate. It's always been about the
control except they just found these fantastic angles to come
in, right? The climate is great calling,
you know, calling Bitcoin, users racist and white supremacist is
great. Even though 32% of all Bitcoin
transactions around the world are from Nigerians, it doesn't
matter. If it's white supremacist that
are using it, then if it's not there.
Um it's the money laundering but look, it has nothing to do with
climate. I really did like Ted Cruz's
speech. Because I love what nunchucks
email was about. That's really my main point.
But look, we knew that they were going to use it as a partisan
issue. I know that, you know, I agree
with you. I didn't want to see it come up
like this. I don't want her.
I'm heartbroken, dude broken because I would like to believe
that a lot of these left wing. People have a noble goal at
heart. That's what I would like to
believe, dude. But you know it, I think this is
a tragic part of all this, dude, it I'm see II.
Don't believe it. That's the thing.
I still don't believe it. I really believe.
Okay, I really believe that in Europe these politicians are
really doing what they think is best for the environment and I
really believe that Elizabeth Warren really smells her own
farts. I really believe that.
I don't like like yeah, the paranoid Bitcoin side of me is
like they're doing it because they want to try to control us
but it's like like are these people really dot maniacal?
Bitcoins going to expose it, but that's a question that I want to
leave to you guys. Sometimes though, sometimes
incentives have us doing things, we never thought we would do.
You know, you got to look back through history, right?
Like look at the wars, you know, it, you've got, you've got Wars,
you've got stuff like, you know, Chernobyl and stuff like that.
You have all kinds of these unfortunately.
Different types of catastrophes and events that have happened
throughout history and unfortunately, you know, they
happened and I don't think that that was the beginning goal
necessarily you know, like I just don't, I don't think so.
So I look there's idealists on both.
Right. Just the same way that there's
totalitarian on both sides for real there are, you know, like
there are people on the right to do believe in the money printer
in the power of the fed and all that good stuff, right?
America, and, you know, even though the FED is a privately
held held corporation that has nothing to do with America.
But anyways, I digress, we're going to have these people on
both sides. We're going to have those people
on both sides. We're gonna have the idealists
on both sides. And you know what, lucky for us,
Bitcoin is made the way that it is, and it exposes everything.
E ones incentives. So we just got out, we just got
to watch the show, man. We just got to watch the show
and do our best not to get deeply disappointed by are, you
know by humans just like us so far.
I am, I'm not surprised by the embracement, the Embrace of it
on the right. Okay, I'm not me neither but I
am very surprised by the pushback on the left and it's
not only me saying that you had Alex gladstein saying that as
well. What's going on here?
These left-wing it's like Bitcoin solves all these
principles. But when push comes to shove,
they're attacking it vehemently. And you have Hillary Clinton
saying it saying like, you know, saying it out loud, Bitcoin,
undermines, the nation-state what she forgets to mention
perhaps the nation-state in her mind because she thinks she is
the nation state. But Bitcoin, undermines the
politicians, but it empowers the people, right?
So, you know, it's disappointing.
We're going to cover it. I refuse to believe it either.
Refuse to believe that's the case.
But I am starting to pick up on a pattern and the pattern is
troublesome to say, the least. But anyways feel there was an
open source software released today.
Why do you tell us about it software releases brought to you
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anchor, awesome. Thank you, Phil.
All right, guys, that was our show before we go.
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Anyways guys, that was our show if you enjoyed the show you know
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Bitcoin because they can't control it.