It's all going to zero against Bitcoin.
It's going on. Forever Warren.
You're against Bitcoin. You're against freedom.
Well. Because.
They want to sell it eventually, Michael.
I mean, let's be honest, most of the people who are, yes, sure,
some people pass it on to their children, but like most of the
people who are buying assets at some point want to sell the
assets at a profit. So I.
Guess. Let me say it differently.
People that use Fiat currency as a store of value, there's a name
for them. We call them poor.
Yeah, we'll get this to the Bitcoin Live.
We're number one source of the peaceful Bitcoin revolution in
color for the breaking news called Dramatic Warfare.
We will be your guide through the separation of money and
state. Ladies and gentlemen, welcome to
Simply Bitcoin. The most watched daily Bitcoin
live show on YouTube. Rumble NXI.
Just I I had to I had to start off with that sailor mic drop
because I mean, I'm not I can't play it next week.
So I I just had to play finishing Friday strong.
It is Meme review Fridays, so I had to play it for you guys.
Anyways, breaking news, actually pretty serious stuff yesterday.
Naimbu Kele you know I don't definitely.
I I believe it was a 4D chess move.
But essentially what he did was that he made part of his
National Treasury public. Anybody could audit it.
Anybody. You could see the address.
In fact it not only could you see the address, there's been a
lot of bitcoiners that have been sending Sats to that address.
And and I think that's a sign of, you know, camaraderie, but
you know, it's a it's a big moment historically speaking.
It has historical significance and geopolitical implications
because it's the first country basically in the world to post
their proof of proof of reserves.
Nothing will ever be the same. Everything just changed.
Any country that lectures El Salvador on anything, democracy,
you know, it's financial decisions.
They could shut the F up unless they want to show their
reserves. I just want to speak a little
bit about the US specifically. The, you know, specifically Fort
Knox is audited supposedly, you know, every year supposedly.
But really the last kind of video or picture evidence or
people that were allowed, they allowed like 150 reporters and a
couple senators and congressmen and congresswoman to actually
visit the site. That was in 1974.
That was the last time people saw physical evidence of 1 Volt.
And you don't know if like that that's actually gold bars that
they were looking at, right? You know, it could be like gold
covered and actually like like tungsten cider, like a you know,
like a like a heavy heavy metal but a much cheaper metal.
So you know, what Naimbu Kelly did was incredible because when
you make your proof of reserves public and here Cedric
Youngelman, he has an amazing podcast.
By the way, I highly recommend subscribing to it.
He asked me the he asked the question yesterday on Twitter.
He said, you know how how is this historically significant?
Like what is the big deal? And to put it simply, I said
it's a lot harder to steal things when everyone is looking,
right. When was the last time we
audited the Fed? You know there was some news
coming out that the Pentagon like lost.
If my memory serves me correctly.
I think it was in the trillions. But you know given the benefits
of doubt, they basically they they there's billions of dollars
unaccounted for. This is the same government of
course that you know wants to surveil any transaction over
$600.00. But yet here you have the
government of El Salvador setting the example for the rest
of the world to follow. And any country you're, and I'm
talking really about Europe and the US and Canada and all that.
The so-called W any country that lectures or tries to take a
moral stance on democracy, on El Salvador, on their financial
decisions, on blah, blah, blah, blah, blah, shut the F up, Show
your reserves, show your reserves.
They won't, right. And I don't think that gold, for
the record, I don't think that gold is there at Fort Knox.
I just don't think it's there. But we'll never know because
they won't show it. And then they haven't showed it
in a really long time anyways. In other news, also kind of a
little bit of an update on the CBDC type of stuff you're
hearing kind of mixed messages, right.
So Cynthia Lummus, the Bitcoin senator, you know, she basically
interviewed or got Jerome Powell, the head of the head of
the Federal Reserve, to testify in front of Congress and say,
hey, like, you know, a lot of people are concerned about a
CBDC. And you know, Jerome Powell
said, you know, we can't approve this without, you know,
congressional approval. It has to be passed through
Congress a law. But at the same time, the GOP
Majority Whip, Tom Emmer posted a screenshot of a presentation
that supposedly Fed officials gave to him.
And the top of the top of the the presentation is key duties
of the Fed. At the very bottom is the
central bank digital currency. So they say one thing, they do
the other, and then connect the dots with the, you know, the tax
that the Biden administration wants to impose on Bitcoin
miners. Right.
So you got to, you got to keep your eye on the ball.
You can't, can't, can't lose your eye on what's going on.
And I really have been wanting to cover this story for a long
time. It's a Friday episode, so we're
going to do it. Also, I think that this is kind
of like a playbook of what's going to happen for the rest of
the world. But Nigerian authorities blame
Binance for 70% of Naira devaluation.
That's right. The Nigerian authorities and and
again you say they they blame, they blame Binance or really
they're blaming alternative currencies that they're not the
local currency. Binance is just a facilitator.
But you know, that's the it's so easy if you have, you know, if
you have someone to blame, if you have a straw man.
And it's something kind of similar language coming out of
the US as well. JP Morgan.
And thanks to Opti for sharing this with me.
Bitcoin surge could raise concerns at the Fed.
Rate cuts might be delayed. So if you put all these pieces
together, what I just said, I wouldn't be surprised in a
couple years whether it's going to be the US government or
foreign governments or whatever. As their Fiat currencies
continue to fail against Bitcoin, they continue to get
embarrassed to Bitcoin as more and more people wake up to the
fact that money doesn't need to devalue to function.
I think Bitcoin is going to be the scapegoat, and more
importantly, bitcoiners are going to be scapegoats as well.
And again this, it's, it's obvious you use common sense but
this is also something that was theorized in the book, the
sovereign individual right with you know as the as the nation
state dies there's a lot of people that get left behind in
that old system. So anyways lots of stuff.
Lots of stuff to cover on today's show.
And also we have a very very special guest as well of course
we have the legendary Dom Bay and Dom Bay has been talk about
proof of work proof of workforce man.
You've been doing Satoshi's work.
You've been really orange peeling these pensions, man.
I I had the privilege of producing the Satoshi gauntlet
when my time at Swan and you know, you were just, I remember
you were just interviewing, you know, these people that were in
charge of these pensions. And you know, these are just
hard worker, hard working blue collar people that, you know,
put up or shut up every day. They show up, They do real hard
work. They work with their hands.
They do it right. And you know, we live in this
world where you know, if the money's broken, they might not
get that pension, right. The Bitcoin fixes this, and
you've identified that, and you've done incredible work to
try to get that message out there.
So welcome to the show, Dom. Thanks Nico as always great to
be on simply Bitcoin love, love your guys audience and again you
know our work has been made possible with like this
incredible community and this this shared mission that we
have. So it makes it easy.
So happy to be on, brother. Welcome to the show, man.
We really appreciate it. Of course, my legendary code.
He's smiling. So it's going to be a great
show. It's going to blow the F up.
It's Friday, It's Opti. It's Opti.
He was a little bit, he was a little bit late to the studio
tonight. Don't call my mom, all right?
Sorry I haven't talked to her in a minute.
I forgive me, you know, call your mother.
I get concerned because as the price of Bitcoin rises, no.
But it's St. It's St.
Opti, it's St. Yes, I'm, I'm reformed now I'm
reformed. It's.
St. No.
But on another note I mean I'll be obviously love Dom.
There's going to be a great conversation get some cool
updates and I think a a theme on today's show considering the
Buchelle news and the JP Morgan Binance stuff.
It's becoming very obvious that the lies coming out from what's
the name that we like to use the the the corporate class you know
the the the quote UN quote elites up there their lies are
being exposed in real time and I think this move by Buchelle the
the full transparency of their Bitcoin reserves.
Like Nico's saying, I I don't I don't think we can underestimate
the importance of this moment. Like, their lies are completely
being destroyed and they're no longer going to be able to
obfuscate those lies. And man, what a crazy time we're
in. And then on another note, I did
hang out at a Bitcoin meet up last night shouts out to the
Dallas meet up at the Dust Dunston steakhouse.
No, Gary wasn't there. But I had a bunch of cool
conversations with a bunch of cool people.
Really. Actually.
You know sometimes you just like chat and get bullish about
Bitcoin. But man, I was having having
some great conversations about Bitcoin fitting into the
traditional financial world and how you might need to think
about this. So I I can't wait to get back
there and and continue those conversations because for for
for once in a minute, you know sometimes you talk with
Bitcoiners and you're like you're kind of rehashing the
same conversations. Like this one was like out.
I sat there and was like, oh man.
All right. Like, all right this is cool.
Like this is a new this is a new Ave.
So shouts out to everyone out last night.
You know got a good stay got got an old Fashioned or two.
It was great. It was a great night.
I had a great time. Absolutely love it.
Love it. It's Friday and it's Friday.
Payday Friday. There's already 535 watching or
watching live, including our audience on Rumble.
So if you guys are enjoying the show so far, really, really
helps with the algos if you guys smash that like button.
All right guys, let's jump into the show.
But before we do that, I do want to give a shout out to our
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All right, everybody, let's hit the numbers.
We have a lot to talk about today on today's episode.
Let's check it out. Here we go the Bitcoin numbers.
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You know, he could tell you fires are dangerous, they could
burn your seed phrase. But you know, if you store your
seed phrase on titanium, you know it's gonna the fires gonna
have a hard time anyways. At the time of recording, the
Bitcoin price is 67,920 SATS per dollar.
One over Nico. It's done.
It's pack it up, it's pack it up.
We're changing the name. Simply Fiat.
Anyways, at the time of recording the Bitcoin price is
67,920 sats per dollar 1417. It's so over like bro like like
50K like 2 weeks ago. I'm like dude, I I want this
thing to keep going down man. I want those cheaper sats dude
this run up is way too fast Anyways OK so block height at
the time of recording 834,820 blocks to having 5180 having
estimate April 19th 2024 Total lightning network capacity 4401
Bitcoin capacity value 298 million U.S. dollars.
Realize monetary inflation 1.74%.
The market capitalization of Bitcoin currently sitting pretty
at 1.33 trillion U.S. dollars. That is trillion with AT and the
Bitcoin versus gold markup. Under 10% is an opportunity for
you guys to stack 9.67%. You know it's kind of
bittersweet when Bitcoin pumps and with Bitcoin dumps when when
it when it dumps you. Like bro, I wish I had more
Fiat. This is great.
It's cheaper and then when it pumps you're like God like okay.
I'm wealthier, but like, dude, like I wanted.
I wanted more time to stack. Anyways, so this is the breaking
news. I wanted to cover it right off
the rip in the number segment. This is a historic moment,
ladies and gentlemen. I cannot emphasize this enough.
This is like, this will be in the history books, ladies and
gentlemen, because I truly believe that in the future, this
is how things will work. This is how things will work on
a Bitcoin standard. Transparency.
And you know people aren't doing this name, but Kelly isn't doing
this out of the goodnesses of his heart.
Again, Bitcoin has an aligned incentive structure model.
Miners aren't doing this out of the goodness of their heart.
Node runners aren't doing this out of the goodness of their
heart. They're all doing it to protect
their stack or to make profit, right?
But the beautiful thing about Bitcoin is that everything that
you contribute to the network makes network stronger,
therefore making your stack worth more, right?
The Fiat system doesn't work that way.
It's a misaligned incentive structure.
So you have, you know, the crazy shenanigans that we, you know,
that we saw in the last century, in the beginning of this
century, the endless wars, the crazy wealth redistribution
mechanism of Fiat. All right.
Literally taking from the lower in the middle classes, the
working class, and redistributing it back to the
government and back to the 1% because, you know, it's sorry,
back to the wealthy. Because the wealthier, the ones
that hold the lion's share of the assets, which tend to rise
when they print money. And it's not necessarily true
that those assets are actually increasing in value.
It's just that it's they're just indications of how much Fiat is
losing, is losing purchasing power.
So yeah, man, this is this is crazy.
Shout out to Diane Boucale, the philosopher king, as in in his
Twitter bio. And he was retweeting everyone
and their mother who you know who quote, tweeted this.
But you know this is a brave step.
This is a step in the right direction.
And again, I I if I swear to God if I see someone, a legacy media
article or a politician lecture El Salvador, if you don't do
this, shut the F up. Like, shut up right.
Anyways, so he said we've decided to transfer a big chunk
of our Bitcoin to to a cold wallet and store that cold
wallet in a physical vault within our national territory.
You can call it our first Bitcoin Piggy Bank.
It's not much, but it's honest work.
He literally puts the screenshot of the address of the amount of
Bitcoin and then the US dollar equivalent of that Bitcoin,
which is roughly half a billion dollars, which is a lot of money
of course. And again, this is in stark
contrast with, you know, what's what's currently happening in
the rest of the world. OK, fine.
You can give them the you can, you see, you can give them the
benefit of the doubt. You can't do that with gold.
You know, you say OK gold's, you know, it's it's physical, it's
heavy. You can't have that.
But I mean, look, I I think like, OK, so check this out and
and we'll get into the back story of Fort Knox, right?
Like, compare this picture, right.
There's a lot of gold in here, believe us to this, right?
Just literally the address, the amount.
You can't take it. You can see it, but you can't
take it. And then compare this to this,
which is just like, trust us. And it's literally like a huge
Fort with like multiple fences, like armed security guards, a
Humvee in front and they're like, yes, there's a bunch of
gold in there. You can trust us, essentially.
So this is what I said yesterday when Naimbu Kele tweeted his
historic tweet. I said if El Salvador can be
transparent with their reserves, why can't the United States
government? Why can't we see the gold?
And then I go, I went on to say, did you know that the last time
Fort Knox was audited was in 1974?
Right. But if you, if you search this
on Google, say, OK, Fort Knox is actually audited every year.
Yeah, but 1974 was the last time.
There's been actual visual evidence right?
And the one of the only they only showed one vault, right And
it was it was a it was a video to be fair.
But this is a kind of a picture of that video right?
So you they only they were only allowed to see one vault.
And now and compare and contrast that with this complete and
total transparency verse like a a court.
This is a democratically elected government that is supposed to
represent the people and they're like, oh, trust us, but there's
more to the story, right. And it all kind of Internet
interconnects. Bitcoiners are very familiar
with the 6102 order. We all know about it.
We're all very familiar about it.
Well, Fort Knox was built for a very particular reason, right?
So this was built by FDR. I'm sure some bitcoiners already
know where I'm going with this for a single reason.
Let's check it out. When President FD when President
Franklin Roosevelt ordered Americans in 1933 to surrender
their gold to the government, he suddenly found suddenly found he
needed a place to put all those millions of gold coins.
Roosevelt's infamous Executive Order 6102 gave Americans one
month to give up their gold pocket change and gave FDR the
ability to print and spend all the money he liked.
It was viewed suspiciously and was wildly unpopular, but it was
largely obeyed. Millions of gold coins were
dutifully taken to banks by bewildered but patriotic
Americans to trade for their paper dollars.
Construction for the massive fortress that would become so
much part of American legend and lore began in 1936 and took a
year. Beginning in January 1937, train
loads of American gold under the guard guard of armed soldiers
arrived in Kentucky Fort Knox to store away what was still
relatively called the nations gold.
At the Boxcars Boxcars gold was unloaded into vaults behind
20,200 cubic feet of granite and concrete and 22 ton door.
It would be. It would be with few, with few
exceptions, the last time Americans had any glimpse of the
same gold they carried in their pant pockets a few years
earlier, Right? That's crazy, isn't it?
Like, think about that for a second, right?
We all know about Fort Knox. Did you know that Fort Knox was
connected to the six one O 2 order?
Did you guys know that this was purposely built to take to put
all the money that was stolen? I mean, that's a strong word,
but I'm going to say it, and they put it in this fortress and
no one ever saw it again. Basically, the question of the
the questions on the minds of American taxpayers and a high
number of congressmen is whether or not Fort Knox still has the
gold stored for safekeeping 80 years ago.
Those questions abound. For one particular reason, the
US government refuses to talk about the gold.
So think about this for a second.
Apparently, this is the people's gold, right?
They stole it. They don't want to talk about
it. They built a giant fucking
fortress to protect it with armed guards.
And here you have a Central American country that's
basically like, yo, here are reserves, bro.
So again, if the US government or any members of the US
government are going to like, lecture El Salvador on democracy
and on this, like shut the F up like I like I I don't I I can't
even listen to you guys. Anyways, it goes on to say
American voters in Congress satisfied that Americans gold
was accounted for, let the matter lay for the next 20
years. But national debt piling up from
the Vietnam War and the massive welfare programs of Lyndon
Johnson's Great Society accompanied with rising oil
prices in the early 1970s put Americans on edge once again.
A new spate of concern reached Congress on a Washington
attorney's book charged 20 billion in gold was missing in a
popular grocery store tabloid. The national tattler fanned
public clamor for a new audit of Fort Knox.
This time the government was ready.
It would spend a theoretical, theoretical theoretical
theoretical afternoon showing off some gold without revealing
anything. The event, September 23rd, 1974,
is often inaccurately called the Last Audit of Fort Knox.
It was nothing more than a peekaboo glance at the gold and
fine Hollywood style. Fort Knox was open on that
Monday afternoon for about two hours to some 150 reporters and
glad, glad handling politicians crowding narrow passageways,
elbowing each other for a few seconds to glance into one of
four vaulted rooms. Television Newscast Films
magazine photographs, including the National Tattlers, showed
various politicians and reporters hoisting and admiring
400 oz. Bars of gleaming gold.
Photos and film of that day show smiles all around.
That was the last time, and it goes on to say not one of not
one bar of gold was assayed for purity during the 1974 charade.
Not one serial number was checked against official
records, and no one counted the bars of gold stacked to the
ceiling in the one room that was open for inspection.
Other rooms said to be filled with gold were not open, right?
So compare and contrast that with this.
This is the future. This is transparency, This is a
representative democracy. This is a government right that
is being transparent with its people.
And apparently that money right belongs to the people.
And like I told Cedric yesterday, the historical
significance of it and when you make something transparent is
that it's a lot harder to steal things when everyone is looking.
Got a question for you guys. Why is the US government not
showing the gold? Why did they only show one room
back in 1974? Why haven't people been allowed
to come back since And that giant Fort was literally built
for the six one O 2 order. How effing crazy is that right.
So you see where Bitcoin comes into play into all this and one
of the things also that was mentioned in that like that
article right quick which was the idea that that that are that
the the article stated that that Fort Knox was built for gold
coins. The reality is that most of the
golds and the reason that FDR was able to get away with the
six one O 2 order so successfully is that the people
that held large quantities of gold had it custodied with a
bank. So really, FDR only had to go to
a handful of banks to get the vast majority of the gold right?
This is where Bitcoin is different, Naimbukela is showing
it and you as an individual have the power to take self custody.
In fact all of our partners, we choose them very specifically
for you to empower yourself by taking control, taking over back
your financial sovereignty through taking Bitcoin into self
custody so that moments like this in history can never happen
again. This is absolutely ridiculous.
Like when I was I, I, I, I, I I had like a kind of knee jerk
moment yesterday on Twitter. I went absolutely crazy and then
when I started reading into it, I was like holy shit, Fort Knox
was literally built for the six one O 2 order.
They literally built a Fort to house all of the people stolen
wealth. And then we haven't seen that
since 1974, right? If you go on Google and you're
like, oh, OK, no, they audit every I mean, do you trust them,
Right? You trust them.
They're like, oh, take my word for it, compare and contrast
that with what Nayeem Bukele did.
You don't have to trust him. You can literally see the
address. It's on chain.
You can verify it yourself. You have your own node.
You didn't even have to trust someone else's copy of the
blockchain. You could trust your copy of the
blockchain and you will see El Salvador's reserves right there.
Not moving, right. So anyways, yeah, this is a this
is a historic moment in history, guys.
And I think, you know, as time progresses that will become more
and more and more apparent. And once again, El Salvador, El
Salvador, setting the standard for the rest of the world.
Opti. Yeah.
I mean like I said in the beginning, you know this is an
unprecedented level of transparency by El Salvador and
I love that you compared it with the Fort Knox and you know call
me a conspiracy theorist all you want but I'm of the I lean
towards the side that there's not as much gold as they claim
there. And I really love that article
that you that you were covering. Literally guys they literally
said proof of smiles like that is what's backing your gold.
Oh, they were smiling that they know that the gold was there.
They only saw it for a minute. Who knows what they were
actually looking at? Was it tungsten painted gold?
Was it actually gold bars? Obviously they're not able to
audit all the amount of gold there with a few seconds and
proof of smiles, but whatever. That's just like Pete Clown
World and just seeing Bukele expose their, their address with
their reserves. You know, I know there's a lot
of talk on Twitter about like proof of reserves as a sham, all
that good stuff. But again, I think this is
setting a new standard for every nation state out there that the
financial trickery that is the status quo now has a mirror to
it, which is El Salvador. And they're like this is our
holdings, these are our reserves and you guys can audit it for
yourselves. And I just love that Bukele was
memeing it as well in the tweet of like, hey, it may not be
much, but it's honest work and man, it just the level of
transparency there is, is absolutely incredible.
Bukele's a Chad in that regard. And when you compare and
contrast asset to the traditional financial system or
rather clown world that we see in the US and in the first world
quote UN quote, it's really an incredible moment because like
their lies now have a a literal mirror there in El Salvador.
It's like look you guys can say all you want about us, but
here's the truth. Here's the here's the the
address where you can verify it yourselves.
And bitcoins have been saying that this would happen for a
long time and I know the the Bitcoin meme of like you're not
supposed to share your holdings but guys it's a nation state.
Like it's the people's money that this level of transparency
is a good thing. But one of the things that I
think is going to be very interesting is to see the
technicals of actually how they work this out.
You know, are they going to be using a multi SIG?
How is this vault that they're protected?
Is it just going to be like a, you know, a cold card or a
passport in there just like a single one or like multi sig set
up? It's.
This. It's this.
OK, so this is what it looks like I'm telling you right now,
right? So it's a combination of like
their their cold storage. It's like this, Okay, and
there's a single vault in the middle of the room, and it's
guarded by two armed guards, right?
And a giant portrait of Naeem Bouquet behind it.
And there's. Like a statue.
It's like a glass. Bowl, and there's like a single
Passport Foundation hardware wallet sitting right there in
the middle. Yeah.
Well, yeah, that's the interesting part though.
Like obviously you think they do a multi sig setup or something
of that nature, but it's going to be very interesting to see
them. It's not.
I just described it to you. I know, I know, I know.
But let's be honest, insider information, OK?
OK, you know, insider insider information on those.
But it's going to be very interesting to see how this
plays out. Not not only like the multi sig
setup or you know, single sig with a password, but it's going
to be super interesting to see them experiment on like them
securing their cold storage and then see how other nations learn
from El Salvador. And again, you know, like El
Salvador is a democracy. So it's going to be very
interesting when there is a new president, how this is going to
be handled, how the keys are going to be passed on.
Is it going to be, you know, like both parties, you know,
holding keys, Like there's a lot of technicals here that I think
it's very interesting. And I'm, yeah, unprecedented
levels. It's true, I 100% agree.
But the fact that it's it's there, It's trying.
I agree, and I totally agree. Soon as there's Bitcoin going
out of that address, there's accountability now. 100%.
There's like, ohh wow. So the funds are moving.
Were they moving too right? Anyways, Dom, what's your take?
On this, wait, wait. Before we go though, shouts out
to all the bit corners that were sending Sats to that address as
well. Like, it's absolutely
incredible. They're like, oh, here's the
address within like, I think minute people were sending
Bitcoin to El Salvador. It's just incredible.
Like bit corners crack me up. Yeah, 100%.
Anyways, Dom, what's your take on all this, brother?
So many, so many different thoughts come to mind, but I'm
going to give you a couple off the bat.
Number one, you, you have the picture up there, Nico of Fort
Knox. And the story here which you
articulated so well, is this is outdated technology, a giant
building with barbed wire, militarized vehicles and and
military and all these things. It's outdated and that's because
gold is outdated technology. So they are guarding, it'd be
like if we had a huge building guarding a fax machine, like
it's just, you know, what's the point.
This is on its way out. Obviously that's, you know, gold
still has value, but but it will not keep pace with the world
moving forward. And that's insane.
And that that's what makes this so massive that El Salvador and
Bouquet Lee are ahead of schedule on this and capturing
this new tech and using it for the best of their country and
their folks. So that's unbelievable.
My second thought is man, so amazing for you know, like Max
and Stacy. You know who obviously were
pivotal and getting to this point, I I just envisioned Max
looking at this tweet going. I used to I used to tip cab
drivers this amount of Bitcoin in New York City.
You know back in in in 2010 or 2000, 2011 and to to watch this
story arc and actually a pretty short time if you can if you
think about you know 2011 Max is tipping taxi drivers 5000
Bitcoin and Fast forward to 2024 and a sovereign nation holds
that amount which doesn't represent the entire amount of
Bitcoin they have but as you said is now you know a great
foundation for the country and they're utilizing the tech and
showing that transparency. So that's awesome.
The third thing, which is more of a sad note for me is I own a
actual bouquet Lee Piggy Bank that I bought in El Salvador
that has a slot in the top of the head.
But I was doing some work in the house and it broke.
So this is a sad but also hopeful for me because it's very
symbolic. My Fiat Piggy Bank broke, but
now you know you have this, this new Piggy Bank of the future
emerging. So very cool story and again you
have to give El Salvador all the props and like like Nico said,
if you're not being as transparent and using tech which
makes it possible to be transparent with funds, you
really should hold your opinion to yourself as a as a nation
ours. Absolute signal from Dom.
Alright guys, before we move on to the news, I do want to give a
shout out to our merge guys is a limited drop by the way.
We appreciate everyone supporting us.
Man. These these shirts and hats have
been flying off the shelf. So really appreciate it guys.
We teamed up with a Bitcoin artist, Opti.
I always pronounce his name wrong.
How do you say it? Asanella, Asanella, Asanella.
Not Asanella, Asanella. Asanella Asanella under score
gold on Twitter There we go. And he's an incredible Bitcoin
artist. Love his work and we teamed up
to him to create some merch. So we have the Peaceful Bitcoin
Revolution shirt, We have the Gold Bitcoin Pill shirt.
We have a gold Bitcoin snapback, a Gold Bitcoin dad hat.
The ladies merch. We hear you guys, we hear you
girls better said we have ladies merch as well.
So go check it out. Go to simplybitcoin.com today
and get yours while supplies last because they are flying off
the shelf. We really appreciate the support
guys. All right everybody, let's get
some news. We have a lot to talk about
today. Let's check it out.
Here we go, the Daily News. I wanna give a shout out to our
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Check out. Wait, wait.
And you go before you go, Before you go, sorry, sorry, Passport
Foundation devices. We do got a super chat, shouts
out to you guys. I appreciate it guys.
You want to read it opti. Yeah sure.
So shouts up to Thomas Hara. I I think he's a zoomer out
there. He goes we go over Fort with
giant magnet shouts out to you is helicopter magnet and
laughing emojis for cool emojis. Rustin.
We got, we got another one. Rustin, do not do that.
We got another one. I don't know what CHF is.
Do you know what? Yes, that's the Swiss currency,
so. Congested heart failure.
Shouts out to you, bro. No comment, but we appreciate
it. All right, All right.
Got Nico. We're gonna have to figure out
the best way to do this. I don't know, but without
cutting you off. Appreciate it.
No, no, no. It's all good.
No, I mean the Super chats justify cutting people off.
OK, you heard it here. First, you can cut Niko off.
Should we? Should we Should we create like
a? We should have like a like?
That's not the right sound. Yeah, there we.
Go. There we go.
OK, let's, let's, let's, let's
try that again, OK? All right, guys, we got a super
chat from this. Sounds good, right?
That's good. That's.
Good. It sounds good.
It sounds good.
We got a super chat from Dom all right.
OK anyways, so quick ETF update. The BlackRock ETF currently
holds 22,000. Sorry, 20, two, 2200, two.
I don't know what It's fucking Friday, guys.
I'm sorry. 228. Nico Nico's a new dad.
Nico's a new dad with a three-week old and is running on
Vegas sleep right now. As you could tell guys, I have
nots left anyways, so yes, I'm not even going to try it again.
Fidelity currently holds 132,000 Bitcoin and compare that with
Michael Saylor, 205,000 Bitcoin. But this man keeps raising
Bitcoin. He's found the IT.
Sorry, keep raising money. He found the infinite money
glitch. And I suspect Michael Sailor's
stack will continue to grow. He wants to hit that 1%, which
is 210,000 Bitcoin. Did we lose him?
Might have been a little freeze frame right there.
Or is he frozen? For you think he's frozen for
me. Nico.
We lost you.
Come back to the light.
Come to the light. They cut off his Internet again.
Hey, but we're still running live, dude.
There's Hey, what's up? Yeah, so.
So check it out. There's your quick update.
Now you got you cut. Off for a moment.
You you were lagging. Still lagging.
Wow, we do this live. Hey, we run it live and you
know, it just happens so all. Right.
Let's let me see if we can pull them off real quick.
Pull them back into the light Opti.
In the meantime, Lummus was just going to talk about how she's
anti CBDC. Yeah, Nico, you're let's see,
he's done. He's out of here.
Wow. Mid show.
Hey, things happen, you know, It's like, it's like in The
Godfather when Michael Corleone comes back and they say, hey,
you're the dawn now, you know, so it's.
Like you're the dawn. Opti bro, you know.
I mean, I don't I I don't even completely forgot what he was
gonna, what he was gonna cover. So let's see what's going on.
He was. He was on ETFs.
The massive flows the fact. That he he just, yeah, like can
we talk about the Sailor stuff again?
I know we've been covering it all week.
He'll pop in right now. But like it's so interesting
just watching Sailor be like, I'm going to get to 1% I'm not
going to let Black Rock win here.
And then the the the discrepancy between the, what's it the
Fidelity ETF and the Black Rock ETF.
Like, dude, BlackRock is just scooping up all of the coins and
they're they're dude, they're winning the pack.
They're absolutely winning the pack.
Yeah, the ETFs, you know, as we've seen in the numbers, they
have insanely exceeded expectations and the interest
stays consistent. And so and then and then you
have Sailor who's like, all right, you know, you guys want
to raise me one, like I'll raise you one right back.
We're going back to stacking more.
I'm wondering how long until Sailor starts building an AI
program to do interviews 'cause you can, I'm starting to see,
you know, that Lat, the interview you guys started the
show off with the with the gal who was like, but come on
Michael. People buy assets to sell them.
You see in the eyes like the light just go out and he goes,
OK, I was trying to be technical on this, but now I'm going to
just switch, OK? We have a name for people that
say with Pi. We call them poor.
All right. You know, I'm going to, I'm
going to do a hard pivot right here.
Let's jump into the culture with Dom so we can continue the
conversation, guys. Nico will pop in and then we'll,
if he pops back in, we'll finish with the news.
So let's go into the culture, the daily culture.
All right, guys, hold on, hold on.
I'm I'm doing everything real time so that we can get
everything going. Since Nico didn't pay his
Internet bill or whatever, first and foremost you already know
the deal. Kaboom racks.
Go to kaboomracks.com, join the Telegram group, the best place
to buy, sell and host your ASICS.
If you're thinking about mining Bitcoin, get in touch with the
Kaboom Racks team because they will tell you everything you
need to know in regards to whether this is the best time to
be buying a six, whether you should get into mining Bitcoin.
Excuse me? Jeez.
Dying over here, the team is, in my opinion, one of the best.
All right, next thing Shouts out the Bitcoin evangelism.
Shouts out to our boy Brian de Mint.
We are on the mission to evangelize the world.
We have millions of people to Orange Pill.
Get the book. It's one of the best books so
that you can have the talking point so that you know what to
say to your normie friends when they try to flood Bitcoin.
Scan the QR codes. You already know the deal.
Let's get into the culture with Dom so that we can keep the show
going. Considering that Nico got naked
right now live. They cut his Internet.
He just DM me. They cut his Internet.
Let's see. All right, he said.
Give me a second. All right, so, Dom, actually,
let's go. Let's go here first for a
second. If people don't know what you're
working on, let's start with what is proof of workforce?
What is the goal that you've been doing?
What is everything going on with you?
Oh, is he bad? OK, Nico, I I pivoted.
We're going to do the culture. We're going to do the culture
real quick. And then we'll go back to the
news. Yeah.
Did you play? No, no, all good.
Did you play the transition? Yeah, yeah, we're we're in the
culture. So for the people that don't
know what is proof of workforce, what is your goal?
And then we'll update them on how it's been going and some of
the stuff you've been tweeting lately.
Yeah, thank you. So I I know I've had the the
great fortune of being on here before and some of your
listeners may be familiar of with proof of Workforce but I'm
going to do a brief overview for those who aren't.
Proof of workforce is a non profit that was born out of the
idea to assist the Santa Monica firefighters and becoming the
first union in the nation to hold Bitcoin on the balance
sheet in self custody with no third party from that the
nonprofit came to be and our mission is very simple.
We want to provide no cost resources.
We know that it's a very complex field out there for people that
are looking to bring Bitcoin to their organization and it's hard
to figure out like who can, you know, where do we get quality
resources? You know, proof of workforce is
a nonprofit. We have no product to sell, we
have no fees to charge. We don't care where you end up,
you know buying Bitcoin, holding Bitcoin, we just give you solid
information. And so our mission is to help
bitcoiners, and even in some cases non coiners that become
bitcoiners bring Bitcoin to their organizations, whether it
be a union, a pension fund, a municipality organization, But
focus on the workforce because workers are most vulnerable to
inflation. They trade their time for money
in the short term and they also trade their time for money in
the long term with retirement and things like that.
So we want to give you resources to have the best chance to bring
Bitcoin to your organization. So we work with tons of Labor
unions, cities, pension funds. We're even working abroad with
some folks. Now anyone that's trying to
bring Bitcoin to their organization, we're here to
assist with that. So that is proof of workforce.
Love it, Dom. OK, now let me pull up this
tweet here that I was going to play earlier.
I I saw this tweet yesterday. Or when you when you tweet this
two days ago and it's it's very interesting considering we are
in an election season. Of course you're working in
America. We we are American centric.
But I think this is one of those good framings for everyone out
there when we're talking about how to best represent Bitcoin.
And here's Dom's tweet many Americans haven't yet made the
connection on how Bitcoin adoption addresses their biggest
concerns going into 24 election. Thanks to bitcoiners, many
people are figuring it out every day and I don't know where you
got this, this voter issues. What would you call this graph
here. But look at what number one is
guys, 20% on inflation for the most important issues for voters
in the US So add that with everything else we're seeing
going on. We also saw this you know
Arizona State Senate considering adding Bitcoin ETFs to their
retirement portfolios. You even are showing that
Pennsylvania employees pension range and private equity
commitment plans. Guys, there is a solution to
this and maybe it's just getting into Bitcoin, maybe it's just
stacking some Bitcoin for your retirement.
So connecting all that together, Dom, what's going on here?
Are we going to see some exciting names coming out in Q2
of this year? Like what have you been seeing
on the ground? Yeah, so the original poll that
you showed was a 2024 poll ranking the issues for American
voters going into the presidential election of what's
most important to them. The reason I started looking
into this is, as you know, Biden has reintroduced the 30% excise
tax on mining. Now while I look at this as
being a bargaining chip, I stop and I ask myself why?
Why is why are they even allowed to use this as a bargaining chip
right like because for us it's a non starter.
We know how bad a 30% tax would be on miners and and what it
would do to the mining industry in the US which is leading right
now in the world. And then you start to look at
the consequence of doing something like this.
And so you know adoption is going well.
We have more bitcoiners around the country every day, but
elected officials still enjoy the luxury of having Bitcoin not
not poll as a top five issue, and therefore they can use
things like a mining tax to try to get concessions from the
other side of the aisle. Who maybe cares more about
mining or has more lobbyists, you know, in their ear on
mining. The funny thing is, is that
while Bitcoin isn't a top five issue on polling, if you pull up
that that image, it's directly correlated to all the top
issues, including the number one issue, which is inflation,
prices and the economy. It's just that Bitcoin Americans
need to get they they're on their way there, right?
You guys can feel it. I can feel it right now that
they're getting close to figuring out, Oh my gosh,
there's something wrong with our money and and and there's a
limited time until that that gap closes where people go, yeah, my
#1 issue voting is inflation. And I also know that our money
is broken and bitcoins a better option.
So don't try to introduce some, you know, devastating mining
taxes, a bargaining chip or you'll lose my vote completely
just even for introducing it. That's where we need to get.
That's where I think all of us are working really hard to get
people there. So I thought this was really
interesting. Some of the other things on
their healthcare, which we know has heavy foundations of its
biggest problems because of the Fiat system.
You go to the emergency room and you get a bill for like a
Band-Aid cost you $20,000. But you're, you know what?
What the hell is going on here? Jobs in the economy, right?
The the list goes on. Even the environment, right?
With Bitcoin, in my opinion, being able to do more for
renewable energy, then you know, California has this goal for
renewable energy and they're not going to achieve it.
Bitcoin can help close that gap and achieve some of these goals.
So Bitcoin is for everyone, They just need to find it.
Pension funds are warming up to this.
I saw someone in the comments that said oh Houston was the
first to add Bitcoin. They added Bitcoin to their
balance sheet. Their a pension.
They didn't do it in self custody.
They had a third party custodian.
The Santa Monica firefighters was a fund and we were the first
to put it in self custody on our fund.
So I was just addressing that real quick.
Arizona passed a resolution setting a hard deadline of
calling for a comprehensive report on ways that Bitcoin can
serve their pension state pension system.
So that is going to be delivered before the next quarter.
We're seeing. We're using that as fuel to hit
other states. I, I text, you know, I I
messaged some folks in other pension system saying well looks
like you're not going to be the first anymore but will you be
the last question mark? I I don't know, you know, I
don't maybe some states will be the 50th to get on board and and
they will do it. So it's slow.
The pension systems are slow to move.
There's a lot of you know complexity and moving parts but
they are coming around. They have a vehicle with the ETF
and Bitcoin once again proving that it is not dead.
Just like it will prove in this whatever small little tiny drop
that people will focus on, It is not dead.
It is the most resilient tech out there.
People are finally starting to to ask, maybe the New York Times
was wrong. You know, maybe these mainstream
media outlets just, I don't know, they had a different
agenda because this thing is not dead like they said 1000 times
before. So really great things that
we're seeing in our work in the space.
Love it and and can you tell the people about the the Santa
Monica's treasury and how it's outperforming everything and and
that just like how hyped you are that you actually forced that
move to happen or it incentivize that move to happen.
Yeah. So, so most workforce
organizations and unions etcetera, they keep a reserve
fund and they keep this for kind of a rainy day, right, In case
something happens, maybe they go on strike, who knows what what's
going to happen. But they have funds there.
The problem is, is they've traditionally kept these funds
just holding cash, which as we know are getting wrecked from
inflation. So by the time they need these
monies, they don't. They buy you a Tacoma truck and
meanwhile you needed this massive amount of money to get
you out of this situation and you can't do much with it.
So what we did was take a make a small allocation to Bitcoin, put
it on the reserve balance sheet and of course, look, it's not,
it's not time in the market, it's time in the market and we
still have little time in the market.
This is a long term play, but in just four months we surpassed
the percentage yield gained from you know high interest CDs. 15
years worth of yield percentages gained in four months with
Bitcoin at a smaller percentage in real dollars because we've
always allocated more to like safer high yield CDs.
At least six to seven years of actual dollars for a much higher
allocation to like a something like ACD surpassed in just four
months. Amazing.
So now Bitcoin represents a large part of the reserve and
even if inflation gets, you know, significantly worse, the
reason we have the money will be able to carry out that goal or
that mission of doing what it needs to do.
When that time comes, we don't have to worry about depleting
our funds from inflation. And we did it with a
conservative amount where if Bitcoin were to go drop
significantly, it would not impact also our ability to, you
know, serve the membership. So this is massive and we're
just looking at it the other day going like, oh, you know, that,
you know, we were like, when does the other CD come to term,
you know? But again, we still have to be
responsible. I still think for organizations
the investment cannot outpace the education because then you
switch to gambling instead of utilizing Bitcoin as a long term
asset to benefit the members. Amazing.
All right, let's let's pivot a
little bit. Dom, you guys are doing a proof
of work for spaces tonight. Are you going to be updating
them on what you're working on? The ground you you were just
telling me you're going to be talking at the policy summit,
you're going to California to talk to some pensions, You might
even be out of state talking to people.
So what's going on? What are you guys going to be
talking about? Yeah, Today we're doing a new
Friday spaces that we do every day at 11.
It's called Payday Friday with proof of workforce.
Luckily, the market's shown us some love so that we can get,
you know, when everyone getting their paycheck this Friday can
get a little more sats than they thought they would a few days
ago. Oh yeah.
We do a little brief news rundown of things that are, you
know, pertaining to the wage earner in the realm of Bitcoin
throughout the the country and the world.
Today we're going to talk about the concept of how do
individuals navigate potentially taking you know utilizing the
gains they've made in Bitcoin but holding on to their Bitcoin
how to avoid like over leveraging getting into bad
situations with trying to borrow against your Bitcoin utilizing
you know we know that the the the Celsius is of the world you
know and and the block fives will re emerge like and so how
do you navigate that and protect yourself and and be very wary of
of losing your Bitcoin. So we're talking about that and
we're also going to have, I don't know if you guys know the
folks from smart vaults on, but we're going to talk about vault
solutions for organizations. So if you have an organization
like a workforce organization, a union or even a church or
something like that, we're going to talk some exciting stuff
about what vault solutions are out there that fit an
organization that has board members, multi signatories
etcetera to safely self custody your Bitcoin.
So we'll do that and then of course we'll give an update on
stuff that we're doing. We are going to DC for the
Bitcoin Policy Institute Summit going to be presenting at Bit
Block Boom in Dallas. I know both of Y'all are going
to be there. You're going to be there, right,
Miko? Yeah, yeah, we're gonna be
there. Simply doing the production for
it. So you should We might be there,
We might be there. We might be there in.
Spirit. The fams gonna be.
I can't wait. It's my first time with.
Jackson is gonna be on the news desk a bit block Boom, just like
he was on the news desk at Unconfiscatable Baby.
And that's what's up. I can't wait.
So yeah, we're doing that. We're doing some stuff abroad in
April. We're working with some cities
in the Midwest to build out a Bitcoin fund to help fund
unfunded liabilities for pensions.
So using Bitcoin to strengthen the finances of membership base
kind of organization stuff. So lots of cool stuff.
But if you guys are around, would love to have, and I know
you guys are probably busy but any of the listeners at 11, if
you want to pop in briefly bring anything you wanna talk about
pertaining to the wage earner workers and Bitcoin where we're
here for it for payday Friday. Love it.
All right, all right, Dom, last question.
I'm gonna put you on the on the spot here.
What is your predictions for 2024?
Are we gonna see some some crazy news coming out?
I know you say the pensions are slow to move, but what?
What? In an ideal world, what would be
like? What do you think's gonna happen
this year? And then we'll go back and cover
the news for you guys. Yeah.
So I would not be surprised when Q1 is reported out.
And I know sometimes that's late delayed a few quarters.
But later in the year, I believe we will see pension systems that
have potentially already allocated to the ETF.
There's a very high possibility of that.
I'm not saying anything for sure that that's happened.
As the year goes on, I do believe we're going to see a
handful of pensions that allocate to Bitcoin either
through the ETF or hopefully something we're working on
improve a workforce is helping them build out a division
internally that's focused on self custody and really tapping
exploring how that could be possible for you know something
like a city or a pension fund. So I think they will come around
like any cycle. You know they say this is
institutional cycle. You're going to have other funds
that ridicule them, make fun of them, tell them that they're
gambling the funds of the participants and they're going
to go through all the things that we went through in a cycle
just at an institutional level. But those funds that do allocate
will have the benefit of getting in early when you take you know
a 5/10/20 year horizon and they will be stronger for it.
And down the road you will see those workers that are part of
those systems. You'll see headlines like.
Retirement age decreased in this city, in this pension system
because Bitcoin buoys the pension fund and helps them
navigate choppy waters. Or you'll see a headline like
Pension Fund avoids having to, you know, push back retirement
ages because the the decrease in the value of their commercial
real estate office space was offset by an early allocation to
Bitcoin. Boom.
You're going to see that and then you're going to see funds
going. What are we doing?
Well, we're in a tough place. Go ahead and tell the workers
they're going to have to work a few years extra to retire.
We'll need more of their money towards the fund and let the
taxpayers know we're going to need more of their money too to
offset. And and the taxpayers will say,
why is this city not having to do that, but you are.
And they're going to have to tell them because they they got
into Bitcoin early, they learned about it, they built it into
their strategy. So I do see that for 24 moving
into 25 for sure. Incredible.
All right, Nico, let's let's go
back and hit the news. I don't know if you want to do
the transition or just go straight into it.
No, we'll go straight into it guys.
We're rolling with the punches. This is a live show, right?
So we, we, you know, we we when things go right, it seems very
smooth and you know and all the transitions and all that.
But it's one of those days where, like coincidentally, as
soon as I was about to start talking about central bank
digital, my Internet just. Now he's going to get yeah,
you're here, you're still here, you're still here and you go,
let's, let's go. Oh, yeah.
OK All right. See.
You're gonna talk about Fort Knox?
Like, yeah, Don't. Talk about Fort Knox CBD.
CS Boom, right? Anyways, All right, all right.
Ladies and gentlemen, so sorry for the technical issues today.
I just want to give a shout out to John.
I have to go. Full screen though.
Dom, you're the fucking man, bro.
Keep doing what you're doing. Proof of workforce.
Guys, check out the Twitter spaces tonight.
Friday night Payday Fridays. You know it's incredibly
important what Dom is doing for the blue collar workers all
around the country. I know it's just starting Santa
Monica, but I'm telling you, there's something special here.
Bitcoin is a solution and Dom is the vehicle making it happen,
man. So Dom, shout out to you.
I really fucking enjoyed that shit.
And Opti Killer questions, like always, my friend.
All right, here we go. I'm going to try to make this
quick, ladies and gentlemen. So we were talking about this
earlier on in the week, but here is essentially the Bitcoin
senator Cynthia Lummis. I'm going to play this in the
background while I kind of look at this, man.
Crazy stuff happening today. Don't talk about foreign Knox,
apparently. Anyways, so here's Cynthia
Lummis, and apparently the video is not working.
But in this video, she was asking Jerome Powell point
blank, whether the Federal Reserve could introduce ACBDC
without Congressional approval. And Jerome Powell said no, they
could not. However, However, here is GOP
Majority Whip Tom Emmer, and this is his tweet, and this is
not our words, this is his words, he says.
If you don't think the Fed is pursuing ACBDC, think again.
The Fed gave this to my staff during a presentation earlier
this Congress. They view a CDC as one of their
key duties. Here's a screenshot.
The top it says key duties of the Fed payment systems.
At the very bottom it says central bank digital currencies.
So ladies and gentlemen, make no mistake, when we say Bitcoin or
slavery on simply Bitcoin, we mean it.
And again, don't pay attention to what they say, pay attention
to what they do now. It's story that I've been
wanting to cover for many weeks now, but we haven't had the
chance is guys the CBDC. You know these systems as they
continue to fail, Bitcoin and bitcoiners will be used as the
scapegoat. I love using Nigeria as an
example because Nigeria is one of the first countries that
really rolled out a CBDC and it failed.
And the reason that it failed was because as much as
governments are saying CBD, CS are made are supposed to make
payments more efficient, the actual reason is so that
governments could retain the privilege and the power of being
able to create money for free that everyone else has to work
for. However, when you just print
money out of thin air, guess what happens, right?
There's inflation. You're debasing everyone's
currency, right? And The thing is, is that when
we didn't have an alternative before Bitcoin, and that
alternative, you could say gold was that alternative.
Well, I mean look at how that ended up right, the 6th when we
just talked about four Knox, right.
But now we have an alternative that is UN confiscatable, right?
Especially if you take self, No, only if you take self custody,
right. If you write down those 1224
words, you use a multi sig set up geographically, separate your
seeds and different jurisdictions, man, no one's
going to get that Bitcoin, I'm telling you right.
I would even go on to say that if you store your Bitcoin
properly it it's more secure than Fort Knox and that's a big
statement right? Anyways, so this is the
foreshadowing, This is, this is something also that the book the
sovereign individual predicted, right?
That as the nation state right is the nation states ability to
collect tax revenue. And when I mentioned tax
revenue, I'm not only talking about direct taxation, I'm also
talking about the indirect taxation of inflation.
They will turn nasty and what will they do?
Instead of taking responsibility, instead of
cutting spending, what they'll do is they'll blame the
technology, they'll blame the tool.
So I would not be surprised if this came to a nation near you
very soon. So the headline of the article
says Nigerian authorities blame Binance for 70% Naira
devaluation. Why Binance?
Well, Binance is the facilitator, right?
Binance is an on ramp. Binance allows you to buy an
alternative currency, right? So it's not Binance's fault.
And you could say you could replace the word Binance.
You put Bitcoin in there, it's the same thing.
But instead of saying, OK, we printed too much money, we're
spending money we don't have. What are they doing?
They're blaming the technology. They're blaming, you know, the
facilitator, right? Move to issue arrest warrant
against CEO. The country's central bank
claims the exchange manipulated foreign exchange rates through
currency speculation and rate fixing, which led to the local
currency nearly losing nearly 70% of its value in recent
months. Or maybe they just printed a
ridiculous amount of money. Right.
And again which is really interesting, right.
And as you say OK, but that's in Nigeria that's not going to
happen here and you go, well kind of very similar wording
here check this out Yahoo finance article JP Morgan
Bitcoin surge could raise concerns at the Fed rate cuts
might be delayed. So you kind of kind of painting
a picture for you guys that as Fiat currencies continue to
degrade and continue to fail, the scapegoat will be Bitcoin
and bitcoiners, anyone who facilitates that sovereignty,
the tools, the businesses, they will be targets for government,
as was predicted in the book, The Sovereign Individual.
And again, as much as they're telling you, don't worry about
the CBDC, It's not real. It's not existent.
There it is. The proof is in the pudding to
the point that it's already in the political discourse.
Ladies and gentlemen, right? The leading Republic.
No, the Republican candidate for 2024, Donald Trump, already put
it into his political rhetoric that if he were to be elected
president, he would stop the introduction of a central bank
digital currency. Right.
So you can ignore this. You could pull an ostrich, put
your head in the sand and pretend that it's not Bitcoin or
slavery. But ladies and gentlemen, as
more time progresses, it will become more and more and more
apparent as the Fiat system continues to disintegrate and as
the clown world accelerates. As we're seeing it like this is
insane. What is going on not only in the
US, but around the world, man. So anyways, that's the news real
quick. I try to make it fast.
Dom, what's your take? And then Opti.
And then we'll move on to the memes.
You know when I see that story and the blame game, but
especially when you talk about Nico with self custody, I think
about some of our the ETF stuff is very exciting for us.
But I've been telling friends that are only in a position to
allocate to the ETF. I tell them self custody is not
a luxury, it's a necessity that is best learned sooner than
later. And I tell them this over and
over again like it is not a test.
Learn about self custody. Master it.
It's not a luxury you don't have you, you don't.
You may have time, you may not. But why not capitalize on one of
the best facets of Bitcoin, the ability to hold it yourself
safely as you mentioned so eloquently, Nico, it's safer
than Fort Knox folks. It can't be stolen taken,
etcetera. So tap that magic and don't wait
and tell people that you know and care about.
You know, that's great. I'm not saying to go tell them
the ETF is dangerous. It's a bomb that's going to
explode now. But again, self custody is not a
luxury. It is a necessity.
So a. 100% a hundred. Love it.
Opti, what's your? Yeah, I mean, look, I am not
surprised. Well, first let me go to the
CBDC stuff. You know we played the Jerome
Powell clip where he I think on oath was like, yeah, this is the
CBDCS aren't going to happen. You know Senator Lummus has been
grilling him and they said the same thing like Oh no CBD CS
going to happen but shouts out to Thomas Hammer.
I believe his name is for exposing the real thing
happening. And even when we played that
clip, like it does I, I'm pretty sure if I if I have a, you know,
not a goldfish memory here. I said something on the lines of
like, yeah it sounds good what they're saying they are
alleviating some concerns and at least this this conversation is
happening. But I just, you know, my tinfoil
hat was on and I'm like, I just don't trust what they're saying.
So I'm glad that we have more receipts on that ground that, Oh
yeah, look, they're telling you they're not going to do a CBDC
because they understand that it's not politically viable that
people are concerned about a CBDC.
And then on the back end, you know, their key initiatives is,
Oh yeah, actually we, we need to continue to push a CBDC.
So you know, I I always say the same thing, just just stay
paranoid when it comes to central bankers and politicians
talking either bad about Bitcoin and or talking about CBD, CS
because we already know where the game is going.
And then on the Nigeria, JP Morgan stuff like you know, I'm
never surprised by the lack of accountability that we see from
governments and central bankers. They will do whatever they can
to gaslight the population to push blame somewhere else.
And again, like the Nigeria CBDC example, I think is a shining
example of what's going to happen to everywhere around the
world when they try to push ACBDC.
People are going to, I don't know if it's a subconsciously or
what, but they will inherently know that they should not fall
into a CBDC system. And then JP Morgan, you know,
blaming Bitcoin for what the feds doing, Like you can't even
make this stuff up. Of course, Jamie Dimon's going
to come out here and say some more ridiculous stuff.
I forget what the last thing he was saying a few weeks ago, but
basically that, you know, the government should ban Bitcoin.
And then, you know, you find out that, oh, they're the, the
official what's associate partner for the Black Rock ETF
and now he's coming out and he's blaming Bitcoin.
So, like, we knew this was going to happen, but it really is kind
of setting the tone for what we see, that the powers that be
aren't going to let up on the money, 'cause they know that the
money's the problem and they're going to try to shift blame.
They're going to blame Bitcoiners for all their
problems. And as number goes up, we're
going to see this increase even more.
So just be at the very least mentally prepared for this, but
also like, make sure your cold storage setup is good.
Anyways. Dom, jump in.
I I saw you wanting to chime in. Well, you you mentioned the
diamond stuff and how ridiculous it is.
And when I do go to DC for the summit, the message we have is
so clear and easy. And and it's simply this, the
firefighters union holds Bitcoin because it believes the threats
to the Fiat system are overwhelming, very, you know,
worried about the pension systems.
And we're holding it because of its long term potential to
protect the time that we've traded for money.
There you go. Take that and and like you can
say it's for only criminals, but I just gave you a use case
that's not for that And so I'm going to that.
We're singing that message until the cows come home.
I don't know how many cows are in DC, in the city maybe in some
of the outline Virginia areas but but we're going to be
hitting that hard and it is ridiculous.
Now when that is being said to Congress by someone like Jamie
Dimon, it's so absurd it's it's borderline like deceptive and
and it's and it's it's a lie. I mean it's it's it's an oath
thing when you say that. So yeah we knew.
We knew it. We knew. 100 percent, 100% man.
Anyways, it's Guys don't pay attention to what they say, pay
attention to what they do. Opti, we gave a shout out to our
sponsors Kaboom, Racks and of course Brian the men.
'S book Bitcoin on the Fly On the fly We did on the fly.
Guys, this is a live show. We we do our best.
We're doing it live. We.
Make it seamless most days, but when they cut off Nico's
Internet 'cause, he starts talking about Fort Knox and CBD.
We'll get to get the Friday show.
We can go along. That's the memes a little bit.
Bumpy. Speaking of memes, let's check
out the memes. Opti's Friday Meme Review.
Man, my voice is so sultry. I did such a good job anyways.
All right, guys, you got another deal.
Oh oh, this is the meme review where you tag me on Twitter at
simply Bitcoin TV. Or, you know, you could tag my
personal one, but don't blow up my notifications, but drop them
in our Telegram as well. Tag me there as well.
But preferably, guys, I like the tweet so I can give you guys
credit on your meme on Twitter. So post it on Twitter, Ern
Oster, just so I can pull it up here and I can give you guys
credit. And then we'll bring it on the
show. You're another deal.
Memes are important. Tweet to the bullets.
Meme to the artillery. I, I, I, I did it.
I did it right. I did it right.
We are frontline soldiers. Continue to spread the signal.
Continue to ridicule the corporate press.
Continue to ridicule the No coiners out there.
Because they're coming in strong.
They're coming in very strong this week, and it's only going
to increase. And of course make some funny So
your friends and family's head stay in the game.
Keep dropping meme in your family group chats.
This is how we win. Just don't even acknowledge
their questions. Just drop a meme in there and
then I'll have them all call you idiots.
This is this is how we win. I think wait wait wait, OCTI.
I think Dom volunteered to read this meme in a A Walk in Bomber
Walk in Impersonation. And I'll.
I'll do this because I saw Walking was in Dune 2.
No spoiler alerts. But like, he's still in the
game. So, OK, so this meme walking
South and comes in, well, I outperform you every single
year, but I'm not an investor. Come on, Bitcoin.
Now doing the Trump voice. Not doing the Trump voice.
No next meme Next. One, OK, Next one OK.
Oh, even better. Even better.
There we go. OK, so here let me let me set
this one up. So where, quote, this is my
Dylan Mcclary. He's quote tweeting that JP
Morgan post of soaring prices of Bitcoin could delay the Federal
Reserve's plan to cut interest rates, not take it down.
OK, you know, I am a fan of the dollar, OK, the Fed is shooting
the dollar and and why would Bitcoin do this?
OK, but I but I am a fan of the dollar.
OK, I like the dollar. That's what I like, is the
dollar. But Bitcoin is doing very well.
It it's it's doing incredibly well.
Oh man, oh man. OK, OK, next one.
Do you got another voice? What about the I love the
comment. Finally they shut up and now
meme review. That's pull it.
Up. OK, hold on, let.
Me. I I can do an Arnold voice.
Maybe. OK, I could do.
I could. I could do a pretty good Arnold
voice. I could do a pretty good Arnold.
Voice or you might have to do OK, I'll I'll.
Whoa, whoa, whoa, let's, let's go, Arnold voice all.
Right. Hold on.
Let me let me tee this one up. So I did a tweet yesterday.
I was, I saw this video on Twitter and I I constantly keep
seeing these videos of like Gen. Zers and and millennials they're
just struggling right now because of the Fiat system and
it just like every once in a while I come back to this like
man, Bitcoin really saved my life.
And then I quote tweeted it and I said I see so many social
media posts of people struggling right now and feel blessed.
I went all in on Bitcoin hashtag blessed and then McConnell face
dropped this meme. All right, now take it, Dom.
So if you look at the people they they buy in the custody
their own Bitcoin and they're very well dressed.
They have the good, you know, the hair is nice, the hat is
very good, they have the good shirt and and it's because they
have the Bitcoin in self custody.
Come on, you know if you you they can't take it from you.
Come on. I heard some walking in the
Arnold bro. All right, all right.
Now finish it. Now finish it.
No, Nico has to finish it home. Oh, Nico.
'S version that bottom part. On the bottom, what we see is.
On the bottom is what you see is the people.
They don't buy Bitcoin, they say People who make tick tock video.
Who the hell makes tick Tock Getting the getting the
helicopter asking why is this shit so expensive?
Yeah, I don't know. And they're all strung out and
they got different colored hair, and they look really bad.
OK, yeah, exactly. That's literally what they look
like. All right.
Any more voices or do I just rip through this?
I could. I could do a pretty.
I could. I could do a pretty good
Southern accent, believe it or not.
OK, I don't. Yeah.
All right, shoot it then. Read this one.
I mean it just says risk. No, no, no, no.
Dude, it's all right. This one.
Let me do this. Let me do this.
Let me take this. All right.
OK, so. Hold on ladies and gentlemen, So
basically we had this he's a, he's a Bitcoin pleb and he goes
by the name Magoo PhD and he's a very well respected member of
the Bitcoin community. Respected troll, respected
troll. It's a, it's a lingo that they
use on the interwebs anyway. So he goes on to say everyone
wants to be rich, but nobody is willing to take any risks.
And then what you see is you see a picture, it looks like a some
type of tattoo these crazy kids these days.
And it says risk, but it also says rich as well.
So it's a It's a pretty interesting.
It's written on dice. You got to risk.
This I I wouldn't consider this a meme.
I would consider this more like a piece of art.
Personally, this is very artistic to me and I really do
appreciate it. Thank you, Opti.
Wow, that's cultural go. Back to the risk one.
Here's the De Niro one of the risk Go back.
To the This is we got to bring Friday, we got to bring Dawn
back on the Friday show every, every Friday.
Man, this is epic. Excuse me?
You're telling me about about risk.
I heard things. No, no, no, no.
You want to be rich, but you don't want to do the risk.
I heard things. No, no, no, that's OK.
No, no, no. You're a little out of line
yourself. I heard things.
You want to be rich?
Then take the risk. OK?
That's all I'm saying. You got to risk it for the
biscuit. You got to risk it for the
biscuit. OK All right.
Next one is by world of let me just rip this, let me rip
through the last couple of. All right.
So last one is our not last one. Sorry.
Next one is my world of rusty and he goes win cell coin,
Michael. And then Michael goes buys more
and here's a picture of the lady in the yellow blouse or whatever
it is. And then here's here's Michael
Saylor just doubling down literally the next day and
buying more Bitcoin. Win cell coin.
Michael Michael just buys more coin.
This next one is by the legendary American huddle, AKA
one of the goats out there. One of the one of the reasons
why we all stack so hard in the 2017 actually little Side Story.
You know, Nico, you know what we're missing right now in the
cycle. Everyone's yelling at each other
on Twitter. But remember, like the
motivational speeches that Huddle would give us during the
27th or 2018 bear market? He would just get stupidly
bullish on us and just be like stack, go all the way and give
it. It was like a locker room hyping
us up. Anyways, we got huddle here and
it goes. When people ask me what Bitcoin
is going to do next week. And I think this is the
screenshot from the new Dune I'm guessing.
And it goes, Our plans are measured in centuries guys,
lower your time preference. And this one, I I brought this
one on the show, but we got a lot of heat this week and last
week because we say, you know, it's not left versus right, it's
not Republican versus Democrat, it is orange versus green.
And I I put this meme on the red.
Versus White Opti? Yeah, I I know I'm colorblind,
but bear with me, bear with me. I've put this one on the show,
but I think this really sums it up.
And and this can probably be divided more.
You know, you could, you could divide this down left and right
if you want to, but here we go. We got wrong enemy, the rich
versus the non rich. And you can, you know, write it
down here. You can do the rich left versus
the non rich left and the rich right versus the non rich right
and then the right enemy. It's cut on the side where the
right enemy is the people who use government to control you,
whether they're rich or non rich, whether they're the haves
or the have nots versus the people who allow other people to
live in peace, which is what we advocate for here on Bitcoin.
It's the freedom to transact, the freedom of speech.
All that good stuff was what we talk about all the time.
It is not left versus right, It is orange versus green.
Guys Dom, we we got a special request.
I don't know if you could do it. I definitely can't do it.
Stallone, even though some people say I look like Stallone,
'cause I got kind of the droopy eyes, it's hard, you know, if
there's I'm not, I do not have a good Stallone.
I don't know, dude. You know, Hey, you know, hey,
you know this Bitcoin thing, you know, try to buy some of this
Bitcoin. I don't want to fight it.
Boy. You know, 'cause they they got
my eye and you know, self custody.
You know what? They kiss.
You got self custody in the seat phrase you know.
That's pretty good. We have given the people what
they man. Wow, What a Friday.
What a Friday. What's your meme score, bro?
All right guys, my meme review score.
I don't know if I'd use this, but I don't think I have.
So you guys could Fact Check me, but it's my Electro voice, my
microphone case with nothing in it.
Nothing's in here. So it's just a case.
I think I've done it with like the microphones in it.
But yeah, if you Fact Check me, if I need to do another one,
I'll do another one. Wow, that bad.
Dom, what would you give those memes?
What's the rating again? The.
Give it anything, any it's a
meme color, number, feeling. Actually I got.
I'm going to, I'm going to rate those memes.
Seed plate. Oh strong, dude, strong.
And it cannot be burned by jet fuel like one of your.
Commentators OK, Chris is telling me another one.
So I have one. I have a trash can for Nico's
Arnold Schwarzenegger, actually, for Nico's Southern accent.
Impersonation. Some people liked it, some
people didn't. You know, I did my best.
I did my best. But anyways.
I thought it was fire. I can no longer, you know, my
meme score. I can no longer play this video
after this week because it won't be relevant.
So I'm gonna do it one more time because they expect well,
because they wanna. Sell.
It eventually, Michael. I mean, let's be honest, most of
the people who are, yes, sure, some people pass it on to their
children, but like most of the people who are buying assets at
some point want to sell the assets at a profit.
So I. Guess.
Let me say it differently. People that use Fiat currency as
a store of value, there's a name for them.
We call them poor. We call them poor.
Very poor if you use. Hey.
Someone someone last night at the meet up was like dude, after
you need to add we call them poor on the soundboard so I'll
have the we call them. Poor on the Morpheus.
We gotta add that to the intro, brother.
We. Gotta we gotta definitely show
that's. An epic sound bite.
Epic sound bite by sailor. Right, we got some meme scores
coming in, so let's get to it if.
You guys are new to the show, by the way.
Drop your meme score in the live chat and we will read it on air.
Yes? Sir, All right, here we go.
All right, Dom Walken. Jeez, Nika's horrible today.
It's. This is our boy Chris Alamo, he
goes. My meme score is Dom.
No, no, no, hold on. I want the boys impersonations.
What's The Walking one? Yeah.
It says, well, you got an inspiring young lad, Chris
Alamo, he says. My meme score is Dom and Nico.
They're doing all the voice impersonations.
Come. On All right, next score, Donald
Trump all. Right, Elaine.
Elaine Lowe. OK, score a song, sailor.
Nailing it. OK, Nailing it on a sea of BTCA
whaler. OK, but not another holder.
Just like me. OK, sail on, sail on, sailor.
All right, all right. De Niro.
What? De Niro?
De Niro. The the scores by Optis SP Theme
Tidy whities for bull markets. Yes.
You're telling me a score. I heard things.
A can of Pringles. OK.
For the next bear market. OK.
If you know, you know. OK.
Focker. Focker, do you know.
If you know, you know. I don't know.
Man, Phil C Sylvester, Stallone,
Dom. Yeah, you know, I give these
memes the life of Bitcoin. A poor, you know?
Hey, you know. You know what I mean?
All. Right, next score.
Wait, Optic, can you lower it? All right, Next score by the P
Man Band. It says I give the memes a
failing Nigerian CBDC. Next one we got J Dub, the Laker
21 million Meme score, sailor dunking on Tradfi Normie
Reporters. Next score we got Mac Harfi says
meme score. I give the memes Nico and a
demon overall lying and stacks of corn.
That's great. I don't want a portrait of that
Max Trotter meme. Score 42,000,000.
Very, very nice. And we got Anton lost my my
score. Never sell my corn to the poor.
Oh man. All right, these are great, epic
scores, Vistock says. Meme score.
Satoshi the chickens cameo on BTC sessions.
That's right, I pulled them out. Bitcoin did make an all time
high stock market. Mike the meme score 10 out of
10. All right, very, very good.
And we ran. So we do we not.
I mean right? Now there's more.
There's more about the song ended in the buzzer.
For once, we didn't just run out of memes.
No, we. Never we Never.
Run out of memes, it's. Always the buzzer.
What are you talking about? Anyways guys, thank you so much
for tuning into another episode of Simply Bitcoin Live.
I'm your host, Nico. This is my legendary Co host
Optimus Fields, and this is our very special guest at Baywatch.
You can follow him on Twitter and guys check out proof of
workforce.org and tune into their spaces tonight.
At what time, Dom? That's going to be in 10 minutes
at 11:00 AM Pacific Standard Time, 2:00 PM Eastern with the
kid, Chris Alemo. Oh.
With Chris Alemo, our boy Chris. Alemo man, it's going to.
Be in epic spaces. So guys, definitely tune into
that. Thank you guys so much for
tuning into Simply Bitcoin this week.
Don, appreciate you coming. Always absolutely epic.
That was one of my favorite meme reviews ever with all the
accents and all that stuff. Guys, we are simply Bitcoin.
We appreciate y'all smash the like button.
Consider subscribing if you feel like we provided you value.
But the number one thing you could do to help push the
peaceful Bitcoin revolution is not only share this content.
Share all Bitcoin content. Share all Bitcoin projects.
Share Bitcoin culture. Share Bitcoin music.
Share Bitcoin arts like the great Andrew Breitbart has
instead. Politics is downstream from
culture. So you want to win over the.
You want to win one of the the political game.
You have to win over the cultural game.
I'm going to get some sleep. Love you guys.
Enjoy. Have an amazing weekend And we
back on Monday for a brand new episode of Simply Bitcoin Live.
And our boy Ruston and John are going to be dropping a simply
Bitcoin original later on today. All right guys, enjoy the
weekend. See you guys all.
Peace out. We love you.
So it was brought to you by bitcoinwell.com, a Bitcoin only
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That Simply Bitcoin show was so good I really appreciated that
Dom guy and all his accents was very amazing as live.