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It's. 
All going to zero against 

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Bitcoin. 
It's going up forever. 

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You're against Bitcoin. 
You're against freedom. 

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Yeah. 
Welcome to another episode of 

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Simply Bitcoin Live. 
Your number one source for the 

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peaceful Bitcoin revolution. 
Cover breaking news, culture, 

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mining, warfare. 
We will be your guide through 

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the separation of money and 
state. 

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Today's going to be a very 
special show. 

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Yeah, we have an ETF update. 
We don't like to talk about the 

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ETF very much, but we haven't 
covered it all this week. 

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And a lot of people were 
anticipating when the ETF was 

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approved, which coincidentally 
was, you know, the like the same

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day that Hal Finney tweeted out 
running Bitcoin so many years 

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ago and then the whole SCCF up. 
But yeah, we're going to have a 

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little bit of an ETF update. 
A lot of people were 

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anticipating that it was going 
to pump, but of course, Bitcoin 

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did the exact opposite and it 
dumped. 

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But there's a reason for that. 
Apparently it is grayscale and 

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grayscale. 
Apparently is dumping a lot of 

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Bitcoin on the market, and 
people are saying that that's 

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the reason that Bitcoin is 
dumping the way it is. 

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But I mean, I've been in Bitcoin
for a little bit and I think 

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I've seen this behavior before. 
A lot of people are so hyped 

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about the futures, they're like,
this is gonna pump the price. 

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And then Bitcoin did the exact 
opposite. 

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So was this a sell the news 
event? 

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I don't know but we'll we'll 
discuss all that. 

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We also have an amazing guest 
today. 

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He's he's come on the show a 
couple Times Now. 

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Really enjoyed the last time 
he's come on the show and of 

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course I'm talking about Nolan. 
Nolan is the host of the 

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breakup. 
Definitely recommend checking 

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out his YouTube channel but no 
more delay. 

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Let's bring up my legendary Co 
host always up. 

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He is smiling today and of 
course. 

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How you guys doing? 
Loving life man. 

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Who could complain? 
Who could complain on these 

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days? 
Exactly. 

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You're doing it right. 
Then you're doing it right. 

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Nolan. 
Nolan, we, we had a discussion 

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earlier on and I just got to say
this, guys, Nolan has it figured

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the F out. 
He has it. 

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Figured out. 
He's he's hacked life. 

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Look you know Bitcoin changes 
you. 

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So I I'm I'm already post my 10 
year anniversary year as a 

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professional bitcoiner. 
So all you gotta do is keep it 

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simple and stack sats and it's 
that simple right? 

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And you know I did the math. 
Had I not done anything else in 

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my career, had I just worked at 
Starbucks and kept stacking 

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stats from the moment I started,
I would probably have more 

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Bitcoin than I do today. 
Too many Bitcoin adventures and 

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it's so true. 
But it's it's you could 

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actually. 
It was all ego and it was all 

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like, I got to achieve this and 
I got to achieve that and all I 

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love it, right. 
There's like a calling and you 

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can't help it and you want to 
you want to advance Bitcoin for 

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sure. 
We've been in sort of a World 

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War 3 mindset for, you know, the
minute you understand Bitcoin, 

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you understand exactly what 
you're up against in some ways 

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and what you're trying to 
change. 

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And it reprioritizes your 
politics and those kinds of 

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things. 
So here we are, you know, a a 

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reprioritized politics. 
And and it looks like the 

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world's changing to us so. 
That's it. 

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It it does. 
It looks like they're people are

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are finally starting to awaken. 
That Overton window's definitely

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shifting a decade in Bitcoin, 
bro. 

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So it's my eighth year this year
and you're it definitely changes

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your perspective. 
But what I've seen is that that 

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rabbit hole doesn't end right, 
'cause, you know, you've seen 

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someone who's like 12 years in 
Bitcoin and their attitude of of

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like, I just don't like, you 
can't F with me. 

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I just don't care. 
But it's a it's a good, it's not

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like a nihilistic. 
I don't care. 

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It's like like I have my money 
in self custody. 

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I don't have to deal with your 
Fiat BS. 

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I'm. 
I'm chilling. 

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One of the ways I like to think 
about it is that you it's like 

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with with COVID, right? 
Bitcoiners had the least amount 

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of adjustment to understand what
was going on. 

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Like like forget the virus for a
second. 

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Most bitcoiners knew there was a
big print coming. 

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There was something societal on 
a major level that would affect 

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markets, that would affect 
Bitcoin. 

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And you know, when we saw what 
it was exactly, I think 

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bitcoiners had the least amount 
of rearranging their idea of the

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world they lived in, right? 
There's still some people that 

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got flattened by that. 
They were unable to rearrange 

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their world view to to equate 
with what we were seeing. 

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But Bitcoiners did, which is why
Bitcoin 2021 coming out of the 

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pandemic, was literally the 
first social gathering on Earth.

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And it was very fitting that it 
was Bitcoiners. 

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I think when we think back on 
World War Three, in the same way

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that, you know, a generation 
like our parents and us look 

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back on World War 2 and we saw 
the, you know, you kiss the girl

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and the win the war and all 
these famous pictures, I think 

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the Bitcoin 2021 show is going 
to be in that realm of like. 

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And then look at these 
psychopaths. 

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They just didn't care and they 
just met without masks. 

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And I think you're going to be 
able to chart you're you're 

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actually gonna be able to use 
Bitcoin to chart World War 

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three. 
And even you know, we're we're, 

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we're coming at this in in terms
of like political events going 

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on. 
And you know we had New 

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Hampshire yesterday with the 
primary and we started to hear 

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President Trump talking about 
the CBDC thing. 

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Now I have a prediction which is
a lot of fun. 

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First of all, I predicted that 
Vivek would be the person that 

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brings this to his attention, 
and it looks like that's what 

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happened. 
But more importantly, here's 

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what's gonna happen. 
We've been talking about the 

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realignment for a long time 
from, you know, red and blue 

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politics and a realignment in 
America to green and orange. 

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That it is actually woke versus 
Bitcoin and that it is, you 

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know, government centralization 
versus decentralization, the old

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system versus the new system and
that it had nothing will have 

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nothing to do with Democrat and 
Republican. 

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But here's the interesting 
thing. 

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With Trump now going to be the 
Republican nominee, what you're 

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gonna end up getting is the 
whole public that always, I mean

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TDs is such a there is such a 
thing as Trump Derangement 

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Syndrome. 
Trump absolutely causes mental 

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illness in people. 
People will see him speaking 

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against CBD CS. 
And I swear to you, I swear to 

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you, half the population is 
about to embrace CBD CS as a way

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to be to make Trump wrong. 
So you're gonna start getting a 

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situation where politics are 
going to realign by the summer, 

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by 2024, summer before the 
election, we're going to see 

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politics very clearly. 
It's going to become more 

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obvious than ever before that 
the choice is really between 

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centralized systems, preserving 
the World War 2 winning machine,

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which is now decayed and 
decrepit, and it's creating way 

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more problems than it's worth 
versus starting from scratch. 

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And and I think what Vivek 
offers even in this, you know, 

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he talks about destroying the 
FBI completely. 

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And after what Elon Musk did to 
Twitter and Elon and and Vivek 

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speaking in that way about 
downsizing government, I think 

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we're actually there. 
We actually do now have this way

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to win World War Three. 
And what winning World War Three

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actually means is just 
decentralizing American power 

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from Washington, DC And we're 
well on our way now. 

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I think they're in, they're in 
complete disrepute, right? 

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Like they're the most like. 
No one believes these people 

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anymore. 
It's just clown world all day, 

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every day. 
The new thing is that that home 

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gardening is more carbon, 
something like the farts of the 

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cows and worse than industrial 
farming. 

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Did you see the Did you see the 
Kerry Lake leak? 

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That was insane. 
That was. 

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Crazy. 
Well, the Uniparty is the 

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problem though, right? 
But. 

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They said Nolan, they said the 
choir part out loud, right. 

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We went all like, like high, 
like, you know, coming up with 

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these theories and like we 
basically like we we've caught 

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them dead to rights. 
But we haven't found the smoking

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gun, The fact that he's like 
openly, like he doesn't ever say

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bribe. 
But he's like there's some very 

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powerful people that don't want 
you to run like that is like the

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Super villain type of thing that
you think is happening. 

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But they're actually saying it's
happening. 

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You're just like, what the fuck 
is going on? 

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This is crazy. 
It's the best. 

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We're having a great time and I 
think 20, you know, and and and 

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here's the thing about even 
where it goes forward as far as 

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Bitcoin changing you and what 
you said at the beginning about 

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just, you know, F you money and 
all this stuff, it gets even 

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more interesting than just the 
politics. 

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And I think this is where 
bitcoiners are really gonna 

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shine. 
It goes actually into history. 

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Like like, do you think news is 
wait until you see history? 

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It's a million times faker. 
So this thing actually will go 

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much further than we think. 
We're going, we're going to get 

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deep into history. 
We're going to find out where 

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real systems of control started.
Because I I think that once you 

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understand that printing money 
is mind control, right? 

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Once you understand that having 
root key access to people's. 

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You know, last time I was here I
was talking about my Bitcoiners 

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guide to NPC management book, 
right? 

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Which is really how you can 
organise your relationships with

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NPCS around Bitcoin. 
But but this whole idea of 

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understanding that we are all 
just not rational whatsoever. 

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Bitcoiners, everybody, none of 
us are rational. 

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We don't actually use 
rationality to come up with 

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things we want. 
We are a series of wants and 

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fears. 
And we we do something like 

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rationalize after the fact 
depending on if the fear is 

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greater than the want. 
Or we put together some logical 

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construct using language and 
just like an AI, right. 

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We put this stuff together and 
then we go, oh, that's what I 

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had wanted. 
I you know that that's what I 

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want. 
You know, because XY and Z, it's

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00:09:59,400 --> 00:10:01,880
not that right. 
We are we are still just these 

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wants and fears. 
And if you can control money, 

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you actually have mind control 
because you can determine what 

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people want, what they're afraid
of. 

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And if you have those two 
levers, you actually have root 

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00:10:12,680 --> 00:10:15,120
key access to most people's 
brains. 

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And that's where these 
orchestrators of money really 

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started. 
Now how it doesn't actually 

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require money. 
Just a few people understanding 

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this information a few 100 years
ago would be incredibly 

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00:10:25,760 --> 00:10:27,520
powerful. 
This is dark magic of the 

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highest order and and and and 
bitcoiners actually have a 

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00:10:31,680 --> 00:10:35,920
magical incantation that can 
protect us and fight back. 

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Yep, it's a it's a it's a force 
field. 

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00:10:37,880 --> 00:10:41,520
But Nolan, to your point, in 
terms of the Overton Window, 

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00:10:43,000 --> 00:10:46,600
Javier Malay at the Conciling 
Air Conference, AKA the World 

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00:10:46,600 --> 00:10:49,240
Economic Forum, he said exactly 
what you said. 

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00:10:49,240 --> 00:10:52,120
He's like, governments no longer
need to control the means of 

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production. 
They could just print money and 

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00:10:54,680 --> 00:10:57,280
then you're just like, Oh my 
God, it's happening. 

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00:10:57,400 --> 00:10:58,960
How did they let him speak 
there? 

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00:10:58,960 --> 00:11:00,840
That was a really bad idea. 
And it. 

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00:11:00,840 --> 00:11:02,840
Was about to introduce them 
about everything. 

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00:11:03,160 --> 00:11:06,080
These are not smart people. 
I mean we have to we we also 

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have to remember I mean there 
are smart people involved. 

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00:11:10,320 --> 00:11:13,040
But look at all of the high Iqs 
now and where they're headed, 

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right. 
They're all headed towards 

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00:11:14,680 --> 00:11:17,360
people and you've got you know 
if you if you just look at the 

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00:11:17,360 --> 00:11:20,400
metrics of who we've got. 
You know, here here's the way I 

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00:11:20,400 --> 00:11:22,160
break up World War 3. 
Right. 

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00:11:22,200 --> 00:11:27,760
And you can even take the old 
battle names the allies. 

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Well, the, the more like the 
allies, right. 

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So the allies are now the 
allies, right. 

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00:11:33,520 --> 00:11:36,680
And so the allies are really 
against the able people. 

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It's the allies versus the able 
people. 

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00:11:39,760 --> 00:11:42,680
And the able people are the 
folks like Elon Musk, right. 

229
00:11:42,680 --> 00:11:45,160
He owns like 80% of the tonnage 
in space. 

230
00:11:45,560 --> 00:11:49,160
You know, Apple and all these 
stupid companies, they're done 

231
00:11:49,200 --> 00:11:53,400
because the if you just invented
the Internet and all these tools

232
00:11:53,400 --> 00:11:55,800
today, there's no way you would 
ever come up with an idea so 

233
00:11:55,800 --> 00:11:58,680
stupid as apps. 
There's no way The only reason 

234
00:11:58,680 --> 00:12:01,040
apps exist is because they 
wanted to sell them on the 

235
00:12:01,040 --> 00:12:03,320
iPhone to the, you know, space 
in the store. 

236
00:12:03,320 --> 00:12:06,920
Like the phone is really just a 
delivery system for the Apple 

237
00:12:06,920 --> 00:12:09,520
Store. 
And then you buy all their 

238
00:12:09,520 --> 00:12:12,000
stupid shit there and that's how
they make, you know, a lot of 

239
00:12:12,000 --> 00:12:16,040
money on the iPhone. 
So but it but if you have AI and

240
00:12:16,040 --> 00:12:21,960
you have a satellite to phone 
connection, well suddenly I 

241
00:12:21,960 --> 00:12:26,320
don't have to decide whether 
it's Signal or WhatsApp or 

242
00:12:26,320 --> 00:12:30,360
Telegram. 
I just say, hey, write a note, 

243
00:12:31,440 --> 00:12:34,000
tell XYZ I'm coming. 
Right. 

244
00:12:34,360 --> 00:12:35,560
So you're not going to have apps
anymore. 

245
00:12:35,920 --> 00:12:39,600
They're just gone and and you're
going to have this interface. 

246
00:12:39,600 --> 00:12:43,280
You know, you ask me if I have a
a a new book, and I do, you 

247
00:12:43,280 --> 00:12:45,680
know, it's called the Satoshi 
Wedding murders. 

248
00:12:45,680 --> 00:12:48,680
If you go on my website, it's 
about that. 

249
00:12:48,680 --> 00:12:53,160
It's about a world where every 
human has what I call an 

250
00:12:53,160 --> 00:12:56,680
eyeball, an AI ball, and that 
eyeball is sort of your wallet. 

251
00:12:57,080 --> 00:13:00,240
And a Satoshi wedding in this 
story is a little bit like 

252
00:13:00,240 --> 00:13:02,600
royalty. 
Monarchs hold laws and 

253
00:13:02,600 --> 00:13:04,560
confidence for people in a 
sense, right? 

254
00:13:04,560 --> 00:13:08,120
The crown is really this like 
public Organism held by a human.

255
00:13:08,680 --> 00:13:12,280
In this world, Bitcoin liquidity
is held by huge counts, like 

256
00:13:12,280 --> 00:13:15,280
almost like royalty. 
But the markets are very liquid.

257
00:13:15,280 --> 00:13:16,840
There's no material want or 
need. 

258
00:13:16,840 --> 00:13:20,000
You can earn and spend, and your
your eyeball will help you get 

259
00:13:20,000 --> 00:13:23,240
it right. 
If it sees something funny and 

260
00:13:23,240 --> 00:13:25,360
it goes viral, you've made a 
bunch of money, you're fine, 

261
00:13:25,360 --> 00:13:27,800
right? 
So but here's the thing. 

262
00:13:27,800 --> 00:13:31,680
When you get married, right? 
When you get married, your 

263
00:13:31,680 --> 00:13:34,440
eyeball has to be away from you 
so you can join wallets. 

264
00:13:35,080 --> 00:13:37,120
Otherwise it'll fuck up the 
Bitcoin, right? 

265
00:13:37,120 --> 00:13:41,480
So what happens is the story is 
it starts with the doors to this

266
00:13:41,480 --> 00:13:45,400
big royal wedding open and the 
bride and groom are dead and the

267
00:13:45,400 --> 00:13:47,200
Bitcoin's gone. 
It was their only moment of 

268
00:13:47,200 --> 00:13:50,240
privacy to to consummate a 
Satoshi wedding you need a 

269
00:13:50,240 --> 00:13:52,600
moment of privacy to join the 
wallets. 

270
00:13:55,200 --> 00:13:57,040
And now. 
But they don't actually remember

271
00:13:57,040 --> 00:13:59,520
how to solve crime. 
They don't remember how to do 

272
00:13:59,520 --> 00:14:03,080
that because it's like every 
murderer is just you have an AI 

273
00:14:03,080 --> 00:14:05,600
witness and it's really just 
like sports. 

274
00:14:05,600 --> 00:14:09,240
Like the hero shows up and then 
you're, you know, why'd you do 

275
00:14:09,240 --> 00:14:10,840
that? 
It's like Minority Report or 

276
00:14:10,840 --> 00:14:12,560
something. 
Right, dude, this crazy. 

277
00:14:12,880 --> 00:14:15,080
Ladies and gentlemen, this is 
what happens when you spend a 

278
00:14:15,080 --> 00:14:19,920
decade top. 
I did this, like, top three 

279
00:14:20,040 --> 00:14:22,400
opening monologues ever on the 
show. 

280
00:14:22,400 --> 00:14:25,800
So yeah, we're gonna, we're 
gonna, we're gonna push the news

281
00:14:25,800 --> 00:14:27,800
back on today's show. 
We're gonna, we're gonna push 

282
00:14:27,800 --> 00:14:31,040
the culture forward so we can 
spend more time talking with 

283
00:14:31,040 --> 00:14:32,640
Nolan. 
But all right, ladies and 

284
00:14:32,640 --> 00:14:34,360
gentlemen, no more delay. 
Let's jump straight into the 

285
00:14:34,360 --> 00:14:35,600
numbers. 
We have a lot to talk about 

286
00:14:35,600 --> 00:14:36,280
today. 
Let's check it out. 

287
00:14:38,760 --> 00:14:42,400
The Bitcoin numbers. 
Is your Bitcoin in cold storage 

288
00:14:42,400 --> 00:14:45,400
really secure? 
Is your seed phrase really 

289
00:14:45,400 --> 00:14:46,960
secure? 
Stamp seeds? 

290
00:14:46,960 --> 00:14:49,640
Do it yourself. 
Kit has everything you need to 

291
00:14:49,640 --> 00:14:54,040
hammer your seed words into 
commercial grade titanium plates

292
00:14:54,240 --> 00:14:56,240
instead of just writing them on 
paper. 

293
00:14:56,520 --> 00:14:59,760
Don't store your generational 
wealth on paper. 

294
00:15:00,120 --> 00:15:02,680
Papers prone to water damage, 
fire damage. 

295
00:15:02,880 --> 00:15:05,080
You want to put your 
generational wealth on one of 

296
00:15:05,080 --> 00:15:08,200
the strongest metals on planet 
earth, Titanium. 

297
00:15:08,200 --> 00:15:11,400
Your words are actually stamped 
into this metal plate with this 

298
00:15:11,400 --> 00:15:14,800
hammer and these letter stamps. 
And once your words are in, they

299
00:15:14,800 --> 00:15:17,720
aren't going anywhere. 
No risk of the plate breaking 

300
00:15:17,720 --> 00:15:20,120
apart and pieces falling 
everywhere. 

301
00:15:20,280 --> 00:15:23,560
Titanium stamp seeds will 
survive nearly triple the heat 

302
00:15:23,560 --> 00:15:26,040
produced by a house fire. 
They're also crush proof, 

303
00:15:26,040 --> 00:15:28,720
waterproof, non corrosive, and 
time proof. 

304
00:15:28,720 --> 00:15:31,400
All things that paper is not 
allowing you to huddle your 

305
00:15:31,400 --> 00:15:34,400
Bitcoin with Peace of Mind for 
the long haul. 

306
00:15:34,560 --> 00:15:38,240
Stamp your seed on stamp seed 
you guys. 

307
00:15:38,240 --> 00:15:39,720
I made it incredibly easy for 
you guys. 

308
00:15:39,720 --> 00:15:42,320
You can scan the QR code on your
screen right now and you can use

309
00:15:42,320 --> 00:15:45,280
promo code. 
Simply get 15% off anything on 

310
00:15:45,280 --> 00:15:47,840
the stamp seed website at the 
time of recording the Bitcoin 

311
00:15:47,840 --> 00:15:52,600
Price is 40,110. 
Stats Per Dollar 2493 Block 

312
00:15:52,600 --> 00:16:00,480
Height 827,000, 171 Blocks to 
Having 12,829 having Estimate 

313
00:16:00,480 --> 00:16:05,520
April 20th, 2024 Total Lightning
Network capacity 4834 or 

314
00:16:05,920 --> 00:16:10,200
194,000,000 U.S. dollars. 
Realize monetary inflation 1.74%

315
00:16:10,200 --> 00:16:12,480
Continuing to take Fiat 
currencies to absolute school 

316
00:16:12,640 --> 00:16:16,800
market cap 786 billion and 
Bitcoin versus gold market cap 

317
00:16:16,800 --> 00:16:19,360
5.71%. 
In the grand scheme of things 

318
00:16:19,360 --> 00:16:23,880
Bitcoin is just getting started.
Anyways, I do want to react to 

319
00:16:23,880 --> 00:16:26,840
this video today. 
Here is the head of iShares 

320
00:16:26,840 --> 00:16:30,200
products Rachel Gear. 
I hope I pronounced that 

321
00:16:30,200 --> 00:16:32,960
correctly. 
Talking on Yahoo Finance, I 

322
00:16:32,960 --> 00:16:36,760
think that if you would have 
told me many years ago that, you

323
00:16:36,760 --> 00:16:41,000
know, you would have essentially
the largest asset manager in the

324
00:16:41,000 --> 00:16:44,960
world, you know, and the CEO, 
Larry Fink, just openly, you 

325
00:16:44,960 --> 00:16:48,160
know, advocating for Bitcoin and
talking about how Bitcoin can be

326
00:16:48,160 --> 00:16:51,680
used in, you know, in countries 
that you know suffer from high 

327
00:16:51,680 --> 00:16:53,960
inflation or totalitarian 
regimes, I would not have 

328
00:16:53,960 --> 00:16:55,520
believed you. 
So I think this is just a 

329
00:16:55,520 --> 00:16:58,600
testament of bitcoins and tips 
continuing to win. 

330
00:16:58,600 --> 00:17:01,280
So it's about a 3 minute video, 
but I do have it at 1.25 the 

331
00:17:01,280 --> 00:17:04,480
speed, so let's check it out. 
I mean, I will say by every 

332
00:17:04,480 --> 00:17:07,000
measure this launch has gone 
incredibly well. 

333
00:17:07,000 --> 00:17:10,760
We've really seen a groundswell 
of interest coming from many 

334
00:17:10,760 --> 00:17:12,599
directions. 
When you look at volumes, when 

335
00:17:12,599 --> 00:17:15,640
you look at flows, when you look
at how the the product itself is

336
00:17:15,640 --> 00:17:17,839
trading, the iShares. 
Bitcoin Trust, what we like to 

337
00:17:17,839 --> 00:17:22,560
refer to as IBIT has traded more
than 3 1/2 billion since its 

338
00:17:22,560 --> 00:17:24,040
launch just a little over a week
ago. 

339
00:17:24,040 --> 00:17:27,079
We've brought in more than 1.6 
billion in flows. 

340
00:17:27,079 --> 00:17:30,440
We're the number one issuer, new
issuer, both in terms of volume 

341
00:17:30,440 --> 00:17:32,240
as well as flows. 
When you look at the spreads, 

342
00:17:32,240 --> 00:17:33,440
we're trading at a penny. 
Why? 

343
00:17:33,440 --> 00:17:35,520
This is exactly what you want to
see. 

344
00:17:35,600 --> 00:17:38,400
What we're here for is to 
provide investors access and 

345
00:17:38,400 --> 00:17:40,960
that's exactly what we're doing.
So what's next for BlackRock 

346
00:17:40,960 --> 00:17:42,400
products? 
I mean, does this now clear the 

347
00:17:42,400 --> 00:17:45,320
way for consideration of an 
Etherium ETF as well? 

348
00:17:45,720 --> 00:17:47,480
Well, it's really interesting 
and thank you for the question. 

349
00:17:47,480 --> 00:17:50,320
It's a great question because 
you know this is really what 

350
00:17:50,320 --> 00:17:52,840
innovation is all about. 
We are constantly thinking about

351
00:17:52,840 --> 00:17:55,840
what it is that our clients need
staying ahead of those needs. 

352
00:17:55,880 --> 00:17:57,200
And so we're going to continue 
to do that. 

353
00:17:57,200 --> 00:17:59,840
We've been at the leading edge 
of innovation and we will 

354
00:17:59,840 --> 00:18:02,320
continue to be as well. 
It doesn't follow a straight 

355
00:18:02,320 --> 00:18:04,480
path, It involves solves risk, 
but that's what we're here for. 

356
00:18:04,480 --> 00:18:06,800
And and and that's what we love.
I'm curious, Rachel, to get your

357
00:18:06,800 --> 00:18:07,640
perspective on. 
All right. 

358
00:18:07,640 --> 00:18:12,200
So before I do want to kind of 
show this graphic and shout out 

359
00:18:12,280 --> 00:18:16,920
to friends over at Bitcoin 
Magazine, and it kind of 

360
00:18:16,920 --> 00:18:19,920
visualizes what she's talking 
about in regards to kind of the 

361
00:18:19,920 --> 00:18:22,200
holdings and the trading volume 
and all that stuff. 

362
00:18:22,200 --> 00:18:26,600
So yeah, I mean, it's a lot, to 
say the least. 

363
00:18:27,400 --> 00:18:28,800
Clearly, there's a lot of 
interest. 

364
00:18:30,760 --> 00:18:33,640
Yeah. 
So I mean, but you would think 

365
00:18:33,640 --> 00:18:36,520
and that my questions to you 
Nolan, like you would think that

366
00:18:36,520 --> 00:18:39,360
the price would pump when all 
this is happening. 

367
00:18:39,360 --> 00:18:42,880
But it looks like the exact 
opposite happened, which I mean 

368
00:18:43,320 --> 00:18:46,160
I've been in the market line 
enough to like I saw everyone 

369
00:18:46,160 --> 00:18:48,240
was so excited. 
I was like this is definitely a 

370
00:18:48,240 --> 00:18:51,040
dump that like I'm like I had my
suspicions that it was going to 

371
00:18:51,040 --> 00:18:54,400
be a seldom news event and it 
seems like that happened, right.

372
00:18:54,720 --> 00:18:57,880
So what's your take on this? 
And then also kind of connecting

373
00:18:57,880 --> 00:19:00,040
it with what you were saying in 
the very beginning of the show, 

374
00:19:00,040 --> 00:19:03,720
which I thought was fascinating,
which is you can make the 

375
00:19:03,720 --> 00:19:06,040
argument that the ETF has 
captured Bitcoin. 

376
00:19:06,040 --> 00:19:08,360
It's on the forces of 
centralization, right. 

377
00:19:08,640 --> 00:19:12,400
It even says it in some of the 
some of the disclosures that, 

378
00:19:12,400 --> 00:19:16,160
you know, there's a disclosure 
basically saying that the 

379
00:19:16,160 --> 00:19:17,960
government can seize this 
whenever they want. 

380
00:19:18,960 --> 00:19:21,320
So and that's essentially what 
the ETF is opening up. 

381
00:19:21,400 --> 00:19:23,800
And part of the reason that I 
think that the US government 

382
00:19:23,800 --> 00:19:26,720
finally allowed it is because 
they're just like this is 

383
00:19:26,720 --> 00:19:29,520
captured Bitcoin. 
We could 6102 the F out of this,

384
00:19:29,520 --> 00:19:31,560
you know. 
So what's your take on that? 

385
00:19:32,040 --> 00:19:37,640
No, I mean what we're seeing so,
so just the the potential of the

386
00:19:37,640 --> 00:19:41,080
ETF to destroy the American to 
destroy Bitcoin first, all 

387
00:19:41,080 --> 00:19:45,720
right. 
So the way I see that is indeed 

388
00:19:45,800 --> 00:19:49,480
it can affect some buy pressure 
on chain in the sense that you 

389
00:19:49,480 --> 00:19:52,160
can start obfuscating and they 
can indeed you know the the 

390
00:19:52,160 --> 00:19:54,480
government definitely could take
it from the black rocks and all 

391
00:19:54,480 --> 00:19:57,200
that stuff. 
So I think that the the 

392
00:19:57,200 --> 00:20:00,000
mechanics are there for us to 
imagine this will happen. 

393
00:20:00,360 --> 00:20:01,760
Right. 
It it's definitely a 

394
00:20:01,760 --> 00:20:05,000
possibility. 
So I don't want to downplay the 

395
00:20:05,000 --> 00:20:07,960
centralizing forces that are 
that are at play with this 

396
00:20:07,960 --> 00:20:10,360
thing. 
However, however, there's going 

397
00:20:10,360 --> 00:20:13,080
to be more than one ETF in the 
world first of all, right. 

398
00:20:13,080 --> 00:20:15,320
So this, this is to go to the 
question of like you think it 

399
00:20:15,320 --> 00:20:17,200
would pump and we wouldn't have 
to sell the news thing. 

400
00:20:17,200 --> 00:20:19,640
Well, we had a lot of the GBDC 
thing and there was them 

401
00:20:19,640 --> 00:20:22,480
unwinding or seeing a lot of 
people analyze that online. 

402
00:20:22,960 --> 00:20:25,040
I believe you had cell pressure 
because of that and there was a 

403
00:20:25,040 --> 00:20:27,160
lot of buy pressure. 
But here's where it's headed 

404
00:20:27,160 --> 00:20:30,680
next and that's why we're doing 
a show, I you know program shows

405
00:20:30,680 --> 00:20:34,000
for Bitcoin Magazine. 
We're going to be doing a show 

406
00:20:34,000 --> 00:20:38,600
in Hong Kong, May 9th and 10th 
for exactly this reason because 

407
00:20:38,600 --> 00:20:43,440
there is no cell pressure or 
GBDC type asset in the Hong Kong

408
00:20:43,440 --> 00:20:47,680
market and they're interested in
having a spot ETF approval 

409
00:20:48,040 --> 00:20:49,720
instantly. 
They want to do it right now 

410
00:20:50,240 --> 00:20:54,400
it's coming from their largest 
institutions, their regulator, 

411
00:20:54,920 --> 00:20:57,880
all these folks really want it. 
And what you get there is 

412
00:20:58,120 --> 00:21:01,880
exposure to all kinds of family 
offices in Asia, all kinds of 

413
00:21:01,880 --> 00:21:04,560
people who haven't been able to 
buy Bitcoin for a long time. 

414
00:21:04,920 --> 00:21:08,200
So now all of this in mind, what
you're saying, going back to the

415
00:21:08,200 --> 00:21:10,840
original question about 
consolidating, centralizing 

416
00:21:10,840 --> 00:21:13,560
Bitcoin, You can actually see 
now that there are choke points.

417
00:21:13,560 --> 00:21:17,160
Let's call them, sure. 
But as always, you're playing 

418
00:21:17,160 --> 00:21:19,720
with fire. 
And the physics of Bitcoin mean 

419
00:21:19,720 --> 00:21:22,280
that if you play with this type 
of fire, it's like playing with 

420
00:21:22,280 --> 00:21:25,120
a nuclear rod. 
You're going to get burned. 

421
00:21:25,120 --> 00:21:26,840
It's just inevitably you're 
going to get burned. 

422
00:21:26,840 --> 00:21:30,120
So indeed, there will be a lot 
of people buying it from these 

423
00:21:30,120 --> 00:21:31,960
places. 
But look how much Bitcoin is 

424
00:21:31,960 --> 00:21:35,120
already held by individual 
hodlers. 

425
00:21:35,360 --> 00:21:37,680
Look at how many Bitcoiners are 
never selling. 

426
00:21:37,920 --> 00:21:39,840
The reason we're never selling 
is because we don't think 

427
00:21:39,840 --> 00:21:41,200
anything else out there is 
money. 

428
00:21:41,280 --> 00:21:43,080
We hold the only money in the 
world. 

429
00:21:43,360 --> 00:21:46,440
And so they'll Blackrock's never
getting my Bitcoin, they're 

430
00:21:46,440 --> 00:21:48,720
never getting your Bitcoin. 
They're never getting a lot of 

431
00:21:48,720 --> 00:21:50,400
the people's Bitcoin that are 
already out there. 

432
00:21:50,720 --> 00:21:54,320
And it won't take many people to
start putting that leverage that

433
00:21:54,320 --> 00:21:56,760
we require to separate money and
state. 

434
00:21:57,040 --> 00:22:00,800
And by getting wealthy people 
like BlackRock to start 

435
00:22:00,800 --> 00:22:03,560
realizing, oh, like what I heard
from Larry Fink is someone who 

436
00:22:03,560 --> 00:22:08,240
is trying to actually de risk 
exposure to the US dollar and 

437
00:22:08,240 --> 00:22:10,720
the US edifice, right. 
This is de risking. 

438
00:22:10,840 --> 00:22:13,640
Like he's actually talking about
it as de risking from the 

439
00:22:13,640 --> 00:22:15,280
dollar. 
And you're going to see this 

440
00:22:15,280 --> 00:22:18,360
more and more and more. 
The dollar existed in order to 

441
00:22:18,360 --> 00:22:22,480
maintain the US hegemony after 
World War 2 and the Petro dollar

442
00:22:22,800 --> 00:22:27,840
and the one market which existed
for oil and U.S. dollars, right.

443
00:22:27,840 --> 00:22:30,960
We went to war. 
If anyone tried to sell oil for 

444
00:22:31,000 --> 00:22:33,560
anything but U.S. dollars, but 
that world is already gone. 

445
00:22:33,680 --> 00:22:35,600
It's already gone. 
You can sell oil for whatever 

446
00:22:35,600 --> 00:22:39,440
you feel like now and so in in 
in in hardly any time, right? 

447
00:22:40,240 --> 00:22:43,360
So what will happen next is the 
energy companies in the world 

448
00:22:43,680 --> 00:22:46,960
simply require a reference for 
the price of energy. 

449
00:22:47,200 --> 00:22:50,120
Not necessarily just oil, just 
energy. 

450
00:22:50,440 --> 00:22:55,160
Right now we still only really 
have the Brent price. 

451
00:22:55,160 --> 00:22:57,960
We've got the West TX crude 
price, we've got a few other 

452
00:22:57,960 --> 00:23:00,400
OPEC price, right? 
There's a few other oil prices 

453
00:23:00,400 --> 00:23:02,840
in the world all measured in 
U.S. dollars. 

454
00:23:03,040 --> 00:23:06,640
It's not going to be possible to
do that once America feels the 

455
00:23:06,640 --> 00:23:09,720
repercussions of everything it's
done both in markets in the 

456
00:23:09,720 --> 00:23:11,480
world and and all these other 
things. 

457
00:23:11,480 --> 00:23:13,560
And I mean, I don't mean 
Americans or American companies,

458
00:23:13,560 --> 00:23:16,520
I mean the US government. 
So you're going to start to see 

459
00:23:16,520 --> 00:23:19,480
the trade, the hyper 
bitcoinisation versus 

460
00:23:19,480 --> 00:23:24,000
hyperinflation come into, you 
know, real contrast. 

461
00:23:24,360 --> 00:23:26,880
And when that happens, the black
rocks are going to be measuring 

462
00:23:26,880 --> 00:23:30,200
psychologically, measuring 
wealth in Bitcoin and the energy

463
00:23:30,200 --> 00:23:33,000
companies are going to be 
psychologically gauging energy 

464
00:23:33,000 --> 00:23:35,760
markets in Bitcoin. 
So the the path forward to 

465
00:23:35,760 --> 00:23:38,120
separating money in state 
doesn't have to go through more 

466
00:23:38,120 --> 00:23:40,080
plebs, more plebs. 
We would all love to see that. 

467
00:23:40,600 --> 00:23:42,120
We would all love to see that, 
right? 

468
00:23:42,480 --> 00:23:45,680
But the more likely scenario 
that we're heading into is 1 

469
00:23:45,680 --> 00:23:50,400
where wealthy institutions now 
understand the risk that 

470
00:23:50,400 --> 00:23:52,080
centralized forces are giving 
them. 

471
00:23:52,280 --> 00:23:55,040
Indeed, that they're holding 
Bitcoin for that reason and 

472
00:23:55,040 --> 00:23:56,880
selling it for that reason. 
You just heard that Lady talk, 

473
00:23:56,880 --> 00:23:58,120
right? 
Here's the thing that's about to

474
00:23:58,120 --> 00:24:01,280
happen to Bitcoin. 
Look at how polished she was. 

475
00:24:01,760 --> 00:24:04,640
Look at how well spoken this 
person was on television. 

476
00:24:04,960 --> 00:24:08,320
We're about to get all of the 
financial advisors in the world.

477
00:24:08,480 --> 00:24:11,320
I mean in the world, and these 
people know how to sell, sell, 

478
00:24:11,320 --> 00:24:12,760
sell. 
These are the best sales people 

479
00:24:12,760 --> 00:24:15,040
in the world. 
The the there's a reason why the

480
00:24:15,040 --> 00:24:16,640
best and writers have gone to 
Wall Street. 

481
00:24:16,640 --> 00:24:19,040
It's the best paying jobs. 
That won't be the case in the 

482
00:24:19,040 --> 00:24:20,560
future once we go to the Bitcoin
Center. 

483
00:24:20,560 --> 00:24:22,880
But the people who sell that 
future are going to be these 

484
00:24:23,120 --> 00:24:26,000
investment advisors, and they're
going to go and they're going to

485
00:24:26,000 --> 00:24:29,760
be able to sell Bitcoin as well 
as anyone has in the history of 

486
00:24:29,760 --> 00:24:31,200
this. 
I was one of the first people to

487
00:24:31,200 --> 00:24:33,040
be on Wall Street to sort of 
sell Bitcoin. 

488
00:24:33,040 --> 00:24:36,360
I did the events for Coin Desk 
in the early days when Bitcoin 

489
00:24:36,360 --> 00:24:39,000
was just coming to Wall Street. 
So I was the Bitcoin guy that 

490
00:24:39,000 --> 00:24:41,400
would go from Coindesk to all of
these investment banks. 

491
00:24:41,400 --> 00:24:43,760
I met these advisors before. 
They had a thing to sell. 

492
00:24:44,120 --> 00:24:47,400
Very smart people, very smart 
people, the best salesman in the

493
00:24:47,400 --> 00:24:49,160
world. 
And so we're going to get them. 

494
00:24:49,360 --> 00:24:52,040
Like this lady that you saw on 
television, she wasn't, you 

495
00:24:52,040 --> 00:24:54,280
know, I heard in the comments it
was like the hot girl who 

496
00:24:54,280 --> 00:24:57,160
realized, you know, well, yeah, 
that's what it is. 

497
00:24:57,160 --> 00:24:59,520
That's what it is, right? 
That's what it is. 

498
00:24:59,920 --> 00:25:02,320
And so you're going to get that 
across the board, and you're 

499
00:25:02,320 --> 00:25:03,760
going to get the rich energy 
companies. 

500
00:25:03,760 --> 00:25:07,160
The rich energy companies don't 
want to be dragged down by Joe 

501
00:25:07,160 --> 00:25:09,320
Biden. 
They don't want to be dragged or

502
00:25:09,320 --> 00:25:12,480
by Trump or by any politician or
by the systems that they're 

503
00:25:12,480 --> 00:25:14,840
perpetuating. 
So you're going to see them de 

504
00:25:14,840 --> 00:25:18,520
risk and you're going to see 
psychologically Bitcoin become a

505
00:25:18,520 --> 00:25:20,960
reference that that's what a 
Bitcoin standard means. 

506
00:25:21,320 --> 00:25:24,960
A Bitcoin standard just means 
that Bitcoin like water, right? 

507
00:25:24,960 --> 00:25:26,400
Do you know how we got the 
metric system? 

508
00:25:26,400 --> 00:25:28,320
It's just water. 
We just took the properties of 

509
00:25:28,320 --> 00:25:30,440
water, right? 
And we said, OK, it freezes at 

510
00:25:30,440 --> 00:25:31,800
this temperature in a boil. 
Oh, OK. 

511
00:25:31,800 --> 00:25:34,280
We'll make that 0 and then it 
boils at this. 

512
00:25:34,280 --> 00:25:36,680
We'll make that 100 and then 
we'll just divide it all up. 

513
00:25:37,080 --> 00:25:38,760
And that's where you get 
kilometers from. 

514
00:25:38,760 --> 00:25:39,800
That's where you get all this 
from. 

515
00:25:40,000 --> 00:25:43,440
Water would be an easy way for 
us to communicate our measuring 

516
00:25:43,440 --> 00:25:48,080
system to an alien, and in the 
same way that it sort of was a 

517
00:25:48,080 --> 00:25:51,040
was a really clever way to 
understand the physical 

518
00:25:51,040 --> 00:25:53,240
environment around us. 
Bitcoin will be that for 

519
00:25:53,240 --> 00:25:55,920
commercial transactions, it will
be a measuring stick. 

520
00:25:55,920 --> 00:25:59,480
It's a way to understand and and
and accurately deploy capital. 

521
00:25:59,680 --> 00:26:01,720
Because that's only the real 
problem we have, right? 

522
00:26:01,720 --> 00:26:04,440
We don't know how to accurately 
deploy capital because it's all 

523
00:26:04,440 --> 00:26:07,960
gummed up by unhealthy people 
telling you how to be healthy, 

524
00:26:08,080 --> 00:26:11,080
by poor people telling you how 
to make money and all of this 

525
00:26:11,080 --> 00:26:13,760
stuff. 
So we're we're we're we're well 

526
00:26:13,760 --> 00:26:15,400
on our way. 
And I'm not worried about 

527
00:26:15,720 --> 00:26:19,960
consolidated competition amongst
some investment banks. 

528
00:26:20,920 --> 00:26:23,160
I agree it does look a little 
like gold. 

529
00:26:23,160 --> 00:26:24,920
I can see the mischief can get 
in. 

530
00:26:24,920 --> 00:26:27,600
But the reality is Bitcoin has 
been manipulated all this time. 

531
00:26:28,000 --> 00:26:30,760
If you think Bitcoin price 
hasn't been manipulated all 

532
00:26:30,760 --> 00:26:32,640
these years, you're living in a 
different planet. 

533
00:26:32,720 --> 00:26:34,920
It has been right. 
And we lived. 

534
00:26:34,920 --> 00:26:37,160
We survived. 
We have to continue to live 

535
00:26:37,160 --> 00:26:39,880
through this experience of 
Bitcoin's price being 

536
00:26:39,880 --> 00:26:41,880
manipulated, and it will be 
manipulated again. 

537
00:26:41,880 --> 00:26:45,920
There's nothing we can do about 
that except keep holding and let

538
00:26:45,920 --> 00:26:48,120
them burn themselves. 
Because in the end, if you 

539
00:26:48,120 --> 00:26:50,440
manipulate this market, guess 
what happens? 

540
00:26:50,440 --> 00:26:53,960
You get burned, you get burned, 
and we're going to burn them, 

541
00:26:54,080 --> 00:26:55,240
right? 
That's that's what will happen 

542
00:26:55,240 --> 00:26:58,520
if you manipulate this thing. 
Oh man, give them bars off the 

543
00:26:58,520 --> 00:27:02,320
give them bars. 
Motherfucking oh. 

544
00:27:03,720 --> 00:27:06,600
Man, we gotta get. 
We have to have I. 

545
00:27:06,600 --> 00:27:09,720
Don't even need to respond like 
Nolan makes our job easy. 

546
00:27:09,720 --> 00:27:10,520
Just. 
Let Nolan. 

547
00:27:10,600 --> 00:27:13,960
Drop mics in there anyways off 
the I'm not. 

548
00:27:13,960 --> 00:27:15,840
Even responding, I can't respond
after all. 

549
00:27:15,840 --> 00:27:17,440
That Nolan doing. 
Our job today? 

550
00:27:17,600 --> 00:27:21,360
I got so many questions. 
Okay so okay. 

551
00:27:21,360 --> 00:27:24,520
So much sauce in there. 
Wall Street being the the best 

552
00:27:24,520 --> 00:27:26,040
salesman. 
So I have a buddy of mine. 

553
00:27:26,080 --> 00:27:29,560
We went to high go together and 
he ended up climbing the ranks 

554
00:27:29,560 --> 00:27:32,840
at Goldman and as soon as the 
ETF got approved, I'm like, 

555
00:27:32,840 --> 00:27:34,400
you're on team Bitcoin now, 
right? 

556
00:27:34,400 --> 00:27:37,240
Question mark. 
And he responded like FU because

557
00:27:37,240 --> 00:27:38,720
I've been telling him for like 8
years. 

558
00:27:39,720 --> 00:27:43,400
So yeah, did did it worry you at
all, Nolan that like for 

559
00:27:43,400 --> 00:27:45,800
example, Vanguard took this 
stance where it's like we're not

560
00:27:45,800 --> 00:27:49,800
gonna offer this to our clients?
I, I, I and then I think it was 

561
00:27:49,800 --> 00:27:52,240
JP Morgan also that kind of like
announced that as well. 

562
00:27:52,560 --> 00:27:56,680
So it seems like there has been 
some type of resistance, but I 

563
00:27:56,680 --> 00:28:00,040
agree with your point. 
In the long run, they're just 

564
00:28:00,040 --> 00:28:01,840
gonna, they're burning 
themselves, right? 

565
00:28:01,840 --> 00:28:03,680
They're they're hurting their 
clients. 

566
00:28:03,680 --> 00:28:05,000
Their clients are gonna get 
pissed off. 

567
00:28:05,000 --> 00:28:06,720
They're either gonna go to a 
different place or they're gonna

568
00:28:06,720 --> 00:28:08,480
change the leadership within 
that company, right? 

569
00:28:08,800 --> 00:28:10,600
So I wanna get your take on 
that. 

570
00:28:11,320 --> 00:28:14,480
No, I think that's exactly it. 
I think that the folks like 

571
00:28:14,480 --> 00:28:18,560
Vanguard who are trying to make 
a point about this are just 

572
00:28:18,560 --> 00:28:21,400
gonna and and they might not. 
Like I said, I think things are 

573
00:28:21,400 --> 00:28:25,800
headed towards a major shift, 
right? 

574
00:28:25,800 --> 00:28:28,320
So I can see people doubling, 
doubling down on their 

575
00:28:28,320 --> 00:28:30,840
stupidity. 
I could see that right now. 

576
00:28:30,840 --> 00:28:34,200
Imagine this world where, you 
know, Vanguard misses the boat 

577
00:28:34,360 --> 00:28:38,000
on the Bitcoin ETF and all this 
stuff and they go into Ethereum.

578
00:28:38,080 --> 00:28:43,640
So here's the thing bitcoiners 
need to start embracing, right? 

579
00:28:43,640 --> 00:28:47,440
Because indeed, we want to 
change the world from what we 

580
00:28:47,440 --> 00:28:49,560
exist with today, what we live 
with today. 

581
00:28:49,560 --> 00:28:53,200
Which is a world where, as I was
mentioning earlier, the highest 

582
00:28:53,200 --> 00:28:56,680
paid people, like in any time in
history, the highest paid 

583
00:28:56,800 --> 00:29:02,600
people, that job attracts the 
highest IQ, the best performers,

584
00:29:02,600 --> 00:29:05,120
the most talented people, all of
that stuff. 

585
00:29:05,120 --> 00:29:10,000
Right now, Wall Street has had a
monopoly on this for a long time

586
00:29:10,000 --> 00:29:13,840
because financial engineering 
with Fiat money is it it, it 

587
00:29:13,840 --> 00:29:16,200
sort of creates a situation 
where these people were the 

588
00:29:16,200 --> 00:29:17,920
highest paid. 
And that's really what we're 

589
00:29:17,920 --> 00:29:20,480
suffering from right now. 
That's why the, you know, people

590
00:29:20,480 --> 00:29:23,360
can say, oh, DEI and woke shit 
in the airplanes. 

591
00:29:23,360 --> 00:29:25,800
It's not even true, right? 
Anyone can fly a plane. 

592
00:29:25,800 --> 00:29:28,680
That's that's not a problem. 
The problem is these companies 

593
00:29:28,680 --> 00:29:32,040
have become financial 
financialization junkies. 

594
00:29:32,040 --> 00:29:35,240
It has nothing to do with the 
DEI for the pilots, right. 

595
00:29:35,240 --> 00:29:37,800
So the pilot is a pilot. 
They're not going to like lower 

596
00:29:37,800 --> 00:29:41,600
the standards of pilots to do a 
DEI thing, but the nevertheless,

597
00:29:41,600 --> 00:29:42,960
we got the troubles with the 
airplanes. 

598
00:29:42,960 --> 00:29:45,920
And where does that come from? 
Well, Boeing is actually really 

599
00:29:45,920 --> 00:29:47,680
in Chicago now to do the 
financial engineering. 

600
00:29:47,680 --> 00:29:50,240
They don't give a shit about 
what happens in Washington state

601
00:29:50,520 --> 00:29:54,520
with the actual engineers, 
right. 

602
00:29:54,520 --> 00:29:58,080
So the financialization of 
everything that came with Fiat 

603
00:29:58,320 --> 00:30:02,960
has created this situation where
you can't even get the best and 

604
00:30:02,960 --> 00:30:05,120
brightest anymore because 
there's just too much demand for

605
00:30:05,120 --> 00:30:07,000
financial engineers. 
So you've got good ones and 

606
00:30:07,000 --> 00:30:08,920
you've got bad ones. 
But this is a sign of the 

607
00:30:08,920 --> 00:30:12,840
saturation of that market. 
And indeed, we will destroy some

608
00:30:12,840 --> 00:30:14,520
of these because we're going to 
shrink it, right? 

609
00:30:14,520 --> 00:30:16,240
We're going to shrink it. 
And this is something I wish 

610
00:30:16,240 --> 00:30:18,480
bitcoiners would embrace about 
crypto, right? 

611
00:30:18,680 --> 00:30:20,160
Do you know what crypto is going
to do? 

612
00:30:20,400 --> 00:30:22,640
Crypto is going to wipe out Wall
Street for us. 

613
00:30:22,640 --> 00:30:24,920
It's going to wipe it out for us
there. 

614
00:30:24,920 --> 00:30:28,120
The the low IQ Wall Street firms
are going to buy all the shit 

615
00:30:28,120 --> 00:30:30,880
coins that you can deal and 
they're just gonna keep buying 

616
00:30:30,880 --> 00:30:31,920
them and they're just gonna 
keep. 

617
00:30:31,920 --> 00:30:33,720
They're never gonna stop. 
They're gonna double down. 

618
00:30:33,720 --> 00:30:36,120
It's gonna be like that moron 
who is still buying quite a 

619
00:30:36,120 --> 00:30:39,800
default swaps after the market 
had already tanked back in 08. 

620
00:30:39,800 --> 00:30:41,600
You know, the one they put in 
the movie and all that stuff. 

621
00:30:41,600 --> 00:30:44,560
So you're gonna see these folks 
and that, that's why as 

622
00:30:44,560 --> 00:30:48,720
Bitcoiners, we have to actually 
say, well, Ethereum isn't a big 

623
00:30:48,720 --> 00:30:50,440
enough scam. 
It's not big enough. 

624
00:30:50,600 --> 00:30:54,280
We need to grow it larger 
because in the end we got to get

625
00:30:54,280 --> 00:30:56,520
back to a world where the best 
and brightest just go into 

626
00:30:56,520 --> 00:31:01,240
stacking sats and like making 
good chairs or whatever, right? 

627
00:31:01,320 --> 00:31:05,120
Good airplanes would do. 
But they they've got to. 

628
00:31:05,240 --> 00:31:09,760
They've got to get to this point
where we see that the best and 

629
00:31:09,760 --> 00:31:12,200
brightest are now attracted to a
totally different profession 

630
00:31:12,200 --> 00:31:14,600
where we can start to see the 
time, preference and the 

631
00:31:14,600 --> 00:31:16,720
Austrian economics school of 
thought, right. 

632
00:31:16,720 --> 00:31:18,840
Austrian economics. 
Don't forget say to you that 

633
00:31:18,840 --> 00:31:20,960
economics, even though you're 
dealing with numbers, it's not 

634
00:31:20,960 --> 00:31:22,920
math. 
The numbers are there. 

635
00:31:22,920 --> 00:31:25,680
There's no math involved. 
It's psychological. 

636
00:31:26,000 --> 00:31:29,680
The markets are psychological. 
The economy is psychological. 

637
00:31:29,960 --> 00:31:32,760
Bitcoin is a psychological 
commodity, just like the dollar.

638
00:31:33,000 --> 00:31:37,240
And when I see Vanguard, I see 
the end of the psychological 

639
00:31:37,240 --> 00:31:39,480
strength that Wall Street used 
to have. 

640
00:31:39,760 --> 00:31:40,920
They're stupid. 
That's it. 

641
00:31:40,920 --> 00:31:47,120
That's the way to explain. 
This this is great. 

642
00:31:47,120 --> 00:31:48,720
This is great. 
I do want to give a shout out to

643
00:31:48,720 --> 00:31:50,840
Bitcoin Asia guys. 
You can use promo code simply 

644
00:31:51,760 --> 00:31:54,560
your tickets. 
Let's continue this conversation

645
00:31:54,560 --> 00:31:56,720
with Nolan. 
But before let's hit the culture

646
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segment, let's check it out. 
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647
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648
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650
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651
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652
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653
00:32:26,640 --> 00:32:28,760
All right, Nolan. 
Well, before we go into all the 

654
00:32:28,760 --> 00:32:31,640
stuff you've been creating and 
you're working on everyone 

655
00:32:31,640 --> 00:32:34,720
saying let Nolan cook more so. 
Maybe you want to cook? 

656
00:32:34,760 --> 00:32:38,040
Maybe you want to talk more on 
this, this whole idea of Bitcoin

657
00:32:38,040 --> 00:32:40,040
and politics, the Trump 
Derangement Syndrome. 

658
00:32:40,040 --> 00:32:43,840
What floor is yours? 
Rant away and then and then 

659
00:32:43,840 --> 00:32:45,600
we'll plug all the stuff you're 
working on, brother. 

660
00:32:46,320 --> 00:32:50,720
Well, you can see, you know, to 
take Canada today, for example, 

661
00:32:50,720 --> 00:32:53,600
right? 
Yesterday we we saw some amazing

662
00:32:53,600 --> 00:32:59,360
fake news, which was the the 
newspaper, the the fakest news 

663
00:32:59,360 --> 00:33:01,840
you'll find in Canada, which is 
called the CBC. 

664
00:33:01,840 --> 00:33:04,440
It's like the BBC but for even 
lower IQ people. 

665
00:33:04,800 --> 00:33:10,760
And so this CBC ran a headline 
today that the Federal Court 

666
00:33:10,760 --> 00:33:14,120
found the trucker thing was 
unreasonable. 

667
00:33:14,160 --> 00:33:18,040
OK, so first of all, it's fake 
news because they found it 

668
00:33:18,040 --> 00:33:20,960
unconstitutional, right? 
So totally different. 

669
00:33:21,160 --> 00:33:23,800
And by this I'm talking, of 
course, about martial law being 

670
00:33:23,800 --> 00:33:28,680
declared for the truckers. 
So here's, here's where, here's 

671
00:33:28,680 --> 00:33:30,800
the strain of thought. 
You've got to see things right, 

672
00:33:30,800 --> 00:33:34,480
where I see the connection to 
TDs and what's going on with 

673
00:33:34,480 --> 00:33:37,200
Trump and and even what you're 
going to see next. 

674
00:33:37,200 --> 00:33:39,360
Right. 
So I've made a prediction for a 

675
00:33:39,360 --> 00:33:43,080
while now that Vivek and and 
here's the thing, I found Vivek.

676
00:33:43,120 --> 00:33:46,520
Vivek spoke at Bitcoin 2023 in 
in Miami. 

677
00:33:46,880 --> 00:33:52,600
I found him when he went on 
Tucker Carlson last year 2022 

678
00:33:52,960 --> 00:33:56,240
and he wasn't announced as 
president presidential candidate

679
00:33:56,240 --> 00:33:58,600
yet or anything like that. 
He was there to talk about CBD 

680
00:33:58,600 --> 00:34:00,680
CS, right? 
He was an anti CBDC guy. 

681
00:34:00,680 --> 00:34:03,960
I said, well it's kind of weird 
that I wouldn't know who an anti

682
00:34:03,960 --> 00:34:06,520
CBDC guy is. 
I've never heard of this guy. 

683
00:34:06,840 --> 00:34:09,320
So who is he? 
Who is? 

684
00:34:09,320 --> 00:34:11,280
Who is this Vex? 
So I found, you know, people 

685
00:34:11,280 --> 00:34:13,360
that he went to high school with
and then then he checked out. 

686
00:34:13,360 --> 00:34:14,960
I was like, wow, this guy's 
legit, right? 

687
00:34:14,960 --> 00:34:19,639
So I invited him to speak at 
Bitcoin 2023 before Christmas 

688
00:34:19,639 --> 00:34:22,600
before it announced in 2022, 
like really early, right. 

689
00:34:22,800 --> 00:34:24,719
And then he announced that he's 
going to run for president and 

690
00:34:24,719 --> 00:34:26,840
he has this great campaign and 
all this kind of stuff. 

691
00:34:27,080 --> 00:34:31,239
But I still knew him as the anti
CBDC guy, and I spoke to him 

692
00:34:31,239 --> 00:34:34,679
about it, with him, about it in 
Miami, all of this stuff. 

693
00:34:34,679 --> 00:34:36,679
So here's what's going to 
happen, right? 

694
00:34:36,840 --> 00:34:40,840
They've already banned Trump 
from speaking on television, you

695
00:34:40,840 --> 00:34:44,080
know, because he lies. 
They don't want to broadcast 

696
00:34:44,080 --> 00:34:46,520
lies, dude. 
It's so crazy, bro. 

697
00:34:46,520 --> 00:34:49,280
Like. 
The Rachel Maddow, like, stops 

698
00:34:49,280 --> 00:34:51,639
the speech. 
Like, we can't play this for 

699
00:34:51,639 --> 00:34:52,639
you. 
And then you're just like, what 

700
00:34:52,639 --> 00:34:55,280
the like what type of dystopian 
stuff is that? 

701
00:34:55,280 --> 00:34:59,040
This is crazy. 
It's I watch it as comedy, but 

702
00:34:59,040 --> 00:35:00,600
you have to understand, I watch 
it as comedy. 

703
00:35:00,600 --> 00:35:04,640
I don't watch it as like, oh, I 
put it on to see what's due and 

704
00:35:04,640 --> 00:35:07,720
then they never see. 
They never don't surprise me 

705
00:35:07,720 --> 00:35:10,880
about how funny it is, right? 
They live in this parallel 

706
00:35:10,880 --> 00:35:15,240
reality where they believe the 
lowest rubes in the world are 

707
00:35:15,240 --> 00:35:18,920
about to vote for Hitler. 
Like they they actually believe 

708
00:35:19,440 --> 00:35:22,480
there's all these people around 
America that are too stupid to 

709
00:35:22,480 --> 00:35:25,440
know any better and they want, 
they want to vote for Hitler. 

710
00:35:25,440 --> 00:35:26,880
Like they're excited about it, 
right? 

711
00:35:27,640 --> 00:35:30,200
That's what they're peddling. 
So it's just perfect, right? 

712
00:35:30,200 --> 00:35:33,440
It's just perfect. 100% and 
here's no problem. 

713
00:35:33,880 --> 00:35:36,480
Here's the problem. 
They're going to have to put So 

714
00:35:36,480 --> 00:35:39,680
I believe Vivek, I predicted, I 
predicted Vivek would be the 

715
00:35:39,680 --> 00:35:41,320
vice president for a long time 
now. 

716
00:35:41,320 --> 00:35:44,320
I predicted that the reason why 
it would be different is because

717
00:35:44,320 --> 00:35:46,400
he's capable. 
Normally, your vice president is

718
00:35:46,680 --> 00:35:49,960
an incapable right, who doesn't 
really like the current one or 

719
00:35:49,960 --> 00:35:53,600
Pence or they've always been by,
you know, Biden before. 

720
00:35:53,600 --> 00:35:55,320
They're always a little bit 
incapable, right. 

721
00:35:55,320 --> 00:35:56,640
You don't want them to shine too
bright. 

722
00:35:57,040 --> 00:36:01,320
So, but but Trump's old and it's
still what I don't like about 

723
00:36:01,320 --> 00:36:02,280
him. 
He's old, right? 

724
00:36:03,160 --> 00:36:06,200
As fun as he is, he's old. 
So I think Vivek will be the 

725
00:36:06,200 --> 00:36:09,920
vice president. 
And we saw immediately the 

726
00:36:09,920 --> 00:36:14,000
effect. 
Vivek showed him the audience 

727
00:36:15,600 --> 00:36:19,520
enthusiasm to ban CBD CS and 
Trump recognized it. 

728
00:36:19,520 --> 00:36:21,200
So Trump is starting to talk 
about it now. 

729
00:36:21,520 --> 00:36:24,360
Now go back to what I just said 
about what Trudeau did and all 

730
00:36:24,360 --> 00:36:25,760
that stuff. 
And this is where it starts to 

731
00:36:25,760 --> 00:36:29,600
converge, right? 
You're going to have now Trump, 

732
00:36:29,600 --> 00:36:33,040
I'll always admit, he's a bully 
who causes mental illness in the

733
00:36:33,040 --> 00:36:35,120
people that get triggered by 
him, right? 

734
00:36:35,120 --> 00:36:36,520
That that, that. 
There's no way around that. 

735
00:36:36,520 --> 00:36:40,120
There's some people who will 
never be able to not see him. 

736
00:36:40,120 --> 00:36:42,440
For a bully, I get it, Right? 
I get it. 

737
00:36:43,360 --> 00:36:47,040
But Vivek can say everything 
Trump says without causing 

738
00:36:47,040 --> 00:36:48,960
mental illness, right? 
He can. 

739
00:36:48,960 --> 00:36:53,880
He can sort of speak in a 
language in a way that libtards 

740
00:36:53,880 --> 00:36:56,880
or whoever else you want to call
them are able to understand. 

741
00:36:57,440 --> 00:37:01,600
And so he's going to be on 
television talking about CBD CS 

742
00:37:02,000 --> 00:37:05,440
all the time on the fake news 
and they're going to have to 

743
00:37:05,440 --> 00:37:07,520
interview. 
And The thing is he's going to 

744
00:37:07,520 --> 00:37:09,800
trigger them and he's they're 
going to have to come up with 

745
00:37:09,800 --> 00:37:11,280
talking points. 
They're going to have to 

746
00:37:11,280 --> 00:37:13,920
distribute counter talking 
points. 

747
00:37:13,920 --> 00:37:17,560
They're going to have to and 
people up to deal with Vivek 

748
00:37:17,960 --> 00:37:22,680
going on about CBD CS. 
So it's going to seem to a lot 

749
00:37:22,680 --> 00:37:24,680
of people and those talking 
points are going to include 

750
00:37:24,680 --> 00:37:28,280
things like, oh, look what they 
did in Canada when the Nazis 

751
00:37:28,280 --> 00:37:30,760
took over with the truckers, 
right. 

752
00:37:30,760 --> 00:37:32,480
It worked. 
It worked. 

753
00:37:32,720 --> 00:37:35,720
So you're going to start to see 
the trucker like that was a good

754
00:37:35,720 --> 00:37:38,240
idea, right? 
Like the the whole thing with 

755
00:37:38,240 --> 00:37:41,000
the truckers was a good idea, is
what you're going to hear them 

756
00:37:41,000 --> 00:37:43,400
say. 
And you're going to create a 

757
00:37:43,400 --> 00:37:46,840
situation where, I mean, that's 
why Robert Kennedy came to our 

758
00:37:46,840 --> 00:37:49,080
show last year. 
He didn't get Bitcoin until the 

759
00:37:49,080 --> 00:37:51,600
truckers. 
I've thanked Trudeau thousands 

760
00:37:51,600 --> 00:37:54,240
of times. 
I mean, I can't thank Trudeau 

761
00:37:54,240 --> 00:37:56,760
enough, right, For orange 
Pilling. 

762
00:37:56,760 --> 00:38:01,640
That many people overnight with 
his actions was one of the most 

763
00:38:01,640 --> 00:38:06,680
incredible Bitcoin orange pill 
events the world has ever seen. 

764
00:38:06,680 --> 00:38:08,200
And it will continue to pay 
dividends. 

765
00:38:08,760 --> 00:38:13,000
I believe in the end, Trudeau 
will be the punchline of almost 

766
00:38:13,000 --> 00:38:14,880
everyone's orange pill 
experience. 

767
00:38:14,880 --> 00:38:18,000
They'll say, look, we were 
giving our tax money to these 

768
00:38:18,000 --> 00:38:23,000
low IQ, very stupid people and 
they wasted it on the dumbest 

769
00:38:23,000 --> 00:38:26,000
shit you'll ever imagine. 
He's the reason why we had to 

770
00:38:26,000 --> 00:38:29,040
get rid of it all and and it's a
it's gonna happen. 

771
00:38:29,040 --> 00:38:33,000
We're, we're, we're we're seeing
the political environment align 

772
00:38:33,360 --> 00:38:37,240
to get rid of the fake prison of
two ideas, the fake prison of 

773
00:38:37,240 --> 00:38:42,040
politics, the the manufactured 
culture war fighting nonsense. 

774
00:38:42,400 --> 00:38:47,080
And it's going to get replaced 
with the actual, the actual real

775
00:38:47,080 --> 00:38:49,720
tension, which is on 
centralizing power and 

776
00:38:49,720 --> 00:38:52,280
decentralizing power. 
And Bitcoin is going to become 

777
00:38:52,280 --> 00:38:56,600
the main contrast politically. 
And I think all the attention is

778
00:38:56,600 --> 00:38:58,680
going to come to it and and 
remember all that it will take, 

779
00:38:59,160 --> 00:39:01,760
all that it's going to take in a
in a world where money is 

780
00:39:01,760 --> 00:39:05,120
psychological, Bitcoin is a 
psychological commodity. the US 

781
00:39:05,120 --> 00:39:06,640
dollar is a psychological 
commodity. 

782
00:39:06,680 --> 00:39:08,680
The economy is a psychological 
engine. 

783
00:39:09,080 --> 00:39:12,240
The word economy is really fake.
It just means politics, right? 

784
00:39:12,240 --> 00:39:14,200
Economics are just 
macroeconomics. 

785
00:39:14,200 --> 00:39:16,840
When the stupid people with all 
their degrees tell you macro or 

786
00:39:16,840 --> 00:39:19,440
micro fake, there's only 
economics. 

787
00:39:19,440 --> 00:39:21,800
There's politics added to 
economics. 

788
00:39:22,920 --> 00:39:26,000
But that politics piece added to
economics. 

789
00:39:26,800 --> 00:39:30,400
It's going to have something 
like, now I'll say this about 

790
00:39:30,400 --> 00:39:32,920
Trump. 
The most effective attack ever 

791
00:39:32,920 --> 00:39:34,680
on Bitcoin was him saying he's 
not a fan. 

792
00:39:34,840 --> 00:39:37,840
It really was because he didn't 
argue and it wasn't boring and 

793
00:39:37,840 --> 00:39:41,120
it was like, Oh my God. 
But if Trump just says he's a 

794
00:39:41,120 --> 00:39:47,000
fan, look out because you're 
equal and opposite reaction, 

795
00:39:47,240 --> 00:39:51,000
which means Bitcoin will become 
front and centre for all debates

796
00:39:51,080 --> 00:39:52,440
on the future of the United 
States. 

797
00:39:52,440 --> 00:39:55,560
And it really will be the 
organizing principle around 

798
00:39:55,560 --> 00:39:58,600
which victory or defeat in World
War Three are declared. 

799
00:39:59,040 --> 00:40:01,920
Yeah, and and I wanna talk to 
you about, you know, and this is

800
00:40:01,920 --> 00:40:06,040
a fascinating conversation. 
By the way, Nolan, how are you 

801
00:40:06,040 --> 00:40:08,280
on time? 
Pretty good. 

802
00:40:08,280 --> 00:40:10,840
What are we, 21 O? 
What time is it over there? 

803
00:40:10,840 --> 00:40:11,800
One O 2. 
Yeah, I got. 

804
00:40:11,840 --> 00:40:14,280
I got another 20 minutes. 
OK, cool, cool. 

805
00:40:15,280 --> 00:40:18,360
So OK, so you you mentioned 
World War Three, right? 

806
00:40:18,360 --> 00:40:21,000
I wanna milk this to the end. 
We gotta take advantage of of 

807
00:40:21,000 --> 00:40:24,600
Nolan still here. 
So you talk about World War 

808
00:40:24,600 --> 00:40:27,000
three. 
What do you mean by that is is 

809
00:40:27,000 --> 00:40:28,800
this like the? 
Because you know if you look at 

810
00:40:28,800 --> 00:40:31,480
it from a historical context, 
governments have typically used 

811
00:40:31,480 --> 00:40:34,480
wars when they default, right. 
So is this what you're talking 

812
00:40:34,480 --> 00:40:36,160
about the 4th turning things are
breaking. 

813
00:40:36,160 --> 00:40:38,720
It's a reset. 
So, so even when I said earlier 

814
00:40:38,720 --> 00:40:41,840
about Bitcoin coming out of the 
show, coming out of pandemic, 

815
00:40:41,840 --> 00:40:44,440
being the 1st to meet. 
So I believe and that was in 

816
00:40:44,440 --> 00:40:47,120
2021. 
I've been calling World War 3 

817
00:40:47,120 --> 00:40:49,480
for years now. 
I mean I I believe it started 

818
00:40:49,640 --> 00:40:54,480
around the Trump election time, 
but I'm not really sure probably

819
00:40:54,480 --> 00:40:57,080
a little before. 
Well, you could say it started 

820
00:40:57,080 --> 00:40:59,800
in the in the financial crisis 
of 2008, right. 

821
00:40:59,800 --> 00:41:02,080
That's that's the beginning of 
what happened. 

822
00:41:02,080 --> 00:41:05,360
That's the beginning of new 
political narratives, 

823
00:41:05,520 --> 00:41:08,200
particularly around race, right,
particularly around race to 

824
00:41:08,200 --> 00:41:11,560
supplant the old ones that 
people were starting to coalesce

825
00:41:11,560 --> 00:41:14,120
around with the Wall Street 
occupy and all this stuff. 

826
00:41:14,120 --> 00:41:16,320
Right. 
So, so I'm not sure you don't 

827
00:41:16,320 --> 00:41:17,640
have to worry too much about a 
date. 

828
00:41:17,640 --> 00:41:21,120
But what you have to understand 
is World War Three has nothing 

829
00:41:21,120 --> 00:41:23,760
to do with the other world wars.
Nothing at all. 

830
00:41:24,200 --> 00:41:27,640
The only thing that connects it 
to World War 2 is that in World 

831
00:41:27,640 --> 00:41:31,080
War 2 we real, it's more 
connected to World War One 

832
00:41:31,120 --> 00:41:33,000
frankly, right? 
World War One was about 

833
00:41:33,000 --> 00:41:38,400
competing war machines, Fiat and
gold, right? 

834
00:41:38,480 --> 00:41:40,880
Fiat One. 
America built a better war 

835
00:41:40,880 --> 00:41:44,240
machine in World War One. 
We don't talk about World War 2 

836
00:41:44,240 --> 00:41:46,440
as a consolidation of World War 
One Americans. 

837
00:41:46,520 --> 00:41:48,400
That's still sort of kept from 
us, right? 

838
00:41:48,400 --> 00:41:52,320
Let's say Americans will do a 
reassessment of the World Wars 

839
00:41:52,320 --> 00:41:56,480
and and and all of these things.
But what World War 3 is really 

840
00:41:56,480 --> 00:42:01,080
about is the psychological 
operations which grew out of 

841
00:42:01,080 --> 00:42:05,200
World War 2 and persisted from 
then on, getting right straight 

842
00:42:05,200 --> 00:42:08,560
probably from the moment Kennedy
is assassinated to an actual 

843
00:42:08,560 --> 00:42:11,080
reorganization of the United 
States of America. 

844
00:42:11,400 --> 00:42:18,400
And you know, remember, Kennedy 
was not able to control the Cuba

845
00:42:18,400 --> 00:42:19,880
situation while he was 
president. 

846
00:42:19,880 --> 00:42:23,400
He was already the 1st president
that we know of that was not 

847
00:42:23,400 --> 00:42:26,600
master of the country, right? 
He was not and and there was 

848
00:42:26,600 --> 00:42:28,800
things he could and couldn't do 
and he knew it. 

849
00:42:28,800 --> 00:42:32,040
And if you listen to his 
brother, he'll or his nephew on 

850
00:42:32,040 --> 00:42:34,720
the campaign trail, he'll 
express exactly what happened at

851
00:42:34,720 --> 00:42:38,360
that time. 
So World War 3 instead of the 

852
00:42:38,360 --> 00:42:41,960
other world wars which were 
really about propaganda systems 

853
00:42:42,040 --> 00:42:46,040
versus financial systems, World 
War and and and military 

854
00:42:46,360 --> 00:42:51,200
manufacturing, World War 3 looks
to be more psychological and 

855
00:42:51,200 --> 00:42:54,800
economic. 
And within the psychological and

856
00:42:54,800 --> 00:42:56,960
economic battlefront, there 
might be a little hot war. 

857
00:42:56,960 --> 00:42:59,480
We're seeing it in Ukraine and 
and Israel for sure. 

858
00:42:59,760 --> 00:43:01,760
I think you'll see some in 
America this summer. 

859
00:43:01,760 --> 00:43:04,640
I think we have a new reason to 
not meet in public coming our 

860
00:43:04,640 --> 00:43:08,120
way. 
You know who who knows who's in 

861
00:43:08,120 --> 00:43:09,400
America these days. 
Right. 

862
00:43:09,600 --> 00:43:13,120
So and who knows why what 
excuses you'll have to not meet 

863
00:43:13,120 --> 00:43:15,400
anymore because of terrorism and
whatever. 

864
00:43:15,680 --> 00:43:19,240
So that that could be it, right?
That that's part of what we're 

865
00:43:19,280 --> 00:43:22,400
we're dealing with here. 
But World War three really being

866
00:43:22,400 --> 00:43:26,320
about countries versus 
individuals about systems about 

867
00:43:26,320 --> 00:43:28,280
what countries look like going 
forward. 

868
00:43:28,280 --> 00:43:30,160
The very concept of a nation 
state. 

869
00:43:30,160 --> 00:43:31,960
What powers does it have what 
does it do. 

870
00:43:32,280 --> 00:43:35,080
I continue to make the argument 
that the world we live in, it is

871
00:43:35,080 --> 00:43:37,760
really just the machine we built
to win World War 2, which we 

872
00:43:37,760 --> 00:43:39,640
never shut off. 
We never shut off. 

873
00:43:39,840 --> 00:43:42,280
We kept running the aircraft 
carriers, we kept running 

874
00:43:42,280 --> 00:43:44,640
everything. 
And that's where the bureaucracy

875
00:43:44,640 --> 00:43:47,680
comes from. 
Now what you see in legislation,

876
00:43:47,680 --> 00:43:50,320
for example, this week we also 
had the Chevron case, the 

877
00:43:50,320 --> 00:43:53,160
Chevron doctrine at the Supreme 
Court coming into question. 

878
00:43:53,480 --> 00:43:56,240
We're going to have the Jarkasi 
case come into question as well 

879
00:43:56,240 --> 00:43:59,280
this year at the Supreme Court. 
Both of these are going to be 

880
00:43:59,280 --> 00:44:01,520
limiting factors on the 
administrative state. 

881
00:44:01,520 --> 00:44:05,560
They're going to be limiting 
factors on for example, the SEC,

882
00:44:05,560 --> 00:44:09,840
all of the SEC is the all of the
SEC enforcement is 

883
00:44:09,840 --> 00:44:11,760
unconstitutional. 
They shouldn't be able to do 

884
00:44:12,240 --> 00:44:16,080
that and and that ledges that. 
That litigation is in front of 

885
00:44:16,080 --> 00:44:19,040
the Supreme Court right now in 
America and I believe the court 

886
00:44:19,040 --> 00:44:22,320
will decide that the SEC in its 
current form is 

887
00:44:22,320 --> 00:44:24,560
unconstitutional. 
And you're going to see this and

888
00:44:24,560 --> 00:44:26,480
and if that judgement comes 
through it will actually make 

889
00:44:26,520 --> 00:44:30,360
many departments in the federal 
government unconstitutional. 

890
00:44:30,640 --> 00:44:32,960
And I think you're going to have
an actual shrinking, exactly as 

891
00:44:32,960 --> 00:44:36,640
Vivek says, a shrinking of the 
size of the thing that exists. 

892
00:44:37,000 --> 00:44:38,600
You can see it in Texas right 
now, right? 

893
00:44:38,600 --> 00:44:45,120
Texas is exercising their 
sovereignty against the will of 

894
00:44:45,120 --> 00:44:47,440
the federal government. 
I think the states are going to 

895
00:44:47,440 --> 00:44:51,760
become much more powerful and 
much more self aware and and 

896
00:44:51,760 --> 00:44:54,160
will will start to exercise 
their powers more. 

897
00:44:54,160 --> 00:44:59,040
So the forces of World War Three
are really about psychological 

898
00:44:59,040 --> 00:45:03,160
systems, which I've argued here 
is really the money and the 

899
00:45:03,480 --> 00:45:07,160
economics, which are also money.
It's really a psychological 

900
00:45:07,440 --> 00:45:13,680
economic war based on incentive 
models, things like that, right?

901
00:45:13,720 --> 00:45:17,640
And and luckily all the 
technology we need seems to be 

902
00:45:17,640 --> 00:45:19,360
coming online just as we need 
it. 

903
00:45:19,360 --> 00:45:21,760
We're going to get the robots, 
we're going to get these 

904
00:45:21,760 --> 00:45:25,240
electricity systems. 
We're going to get, you know, 

905
00:45:25,240 --> 00:45:30,800
Bitcoin is going to become the 
main financial platform on which

906
00:45:30,800 --> 00:45:33,680
to finance decentralized energy 
grids. 

907
00:45:33,920 --> 00:45:37,000
That's a major part of what we 
back right, a decentralized 

908
00:45:37,000 --> 00:45:39,080
energy grid that that makes 
economic sense. 

909
00:45:39,520 --> 00:45:44,960
So we're really, you know, 
here's another way to put it, 

910
00:45:45,840 --> 00:45:49,400
you can actually keep score in 
World War 3 in terms of 

911
00:45:49,400 --> 00:45:53,080
centralizing and decentralizing 
forces measured in Bitcoin. 

912
00:45:53,560 --> 00:45:58,000
And you know, when I see the, 
the ETFs, these are, these are 

913
00:45:58,000 --> 00:46:01,280
new participants coming into the
fight. 

914
00:46:01,440 --> 00:46:02,920
You're going to see it in Hong 
Kong again. 

915
00:46:02,920 --> 00:46:06,120
The reason why we're doing a 
showdown there is because Hong 

916
00:46:06,120 --> 00:46:10,280
Kong wants to bet against the 
CCP in some ways, right. 

917
00:46:10,600 --> 00:46:14,320
And in this way in particular. 
So there's regular people out 

918
00:46:14,320 --> 00:46:18,040
there and and here's the thing, 
Bitcoin is always at its 

919
00:46:18,040 --> 00:46:20,200
strongest and and it's something
you've been in for eight years. 

920
00:46:20,200 --> 00:46:24,520
So you've only had a taste of 
this when average Chinese people

921
00:46:24,680 --> 00:46:28,040
and average Americans are all in
on Bitcoin. 

922
00:46:28,640 --> 00:46:31,920
That's how the world changes. 
And they have more in common 

923
00:46:31,920 --> 00:46:35,800
because of Bitcoin, just like 
the average Russian person, 

924
00:46:36,160 --> 00:46:38,000
right? 
These people have more in common

925
00:46:38,000 --> 00:46:39,360
because of Bitcoin than they 
have. 

926
00:46:39,920 --> 00:46:42,360
That separates them. 
And they're going to realize 

927
00:46:42,360 --> 00:46:47,840
that all they have, that that 
that that separates them is 

928
00:46:47,840 --> 00:46:49,800
actually the thing they have in 
common, which is their 

929
00:46:49,800 --> 00:46:52,680
governments and the proper 
amount of disdain they should 

930
00:46:52,680 --> 00:46:55,400
have for them. 
So we're getting rid of the fake

931
00:46:55,400 --> 00:46:58,440
news, we're getting rid of the 
brainwashers, the enemy of the 

932
00:46:58,440 --> 00:46:59,960
people. 
We're getting rid of the 

933
00:46:59,960 --> 00:47:03,880
government systems and we're 
going to win the psychological 

934
00:47:03,880 --> 00:47:06,400
and economic war that World War 
Three is. 

935
00:47:06,600 --> 00:47:08,800
And we're going to win it 
because literally, our 

936
00:47:08,920 --> 00:47:11,240
psychological state is stronger,
right? 

937
00:47:11,240 --> 00:47:13,600
We don't care about dips. 
You get a 5%. 

938
00:47:15,360 --> 00:47:17,760
Whoops. 
Whoa, buddy. 

939
00:47:17,840 --> 00:47:19,240
I mean, they can't handle this 
shit, right? 

940
00:47:19,240 --> 00:47:23,760
So it's one of the reasons why 
we're going to win. 

941
00:47:24,280 --> 00:47:27,840
If if Bitcoin crashed a $20,000 
today, what would you like? 

942
00:47:27,880 --> 00:47:30,000
You'd still do. 
I would be so happy because that

943
00:47:30,000 --> 00:47:32,040
means cheaper Bitcoin I get to 
buy. 

944
00:47:33,200 --> 00:47:34,920
Yeah, it would. 
Be hilarious. 

945
00:47:34,920 --> 00:47:38,480
It would be hilarious. 
And then the boomers, I want my 

946
00:47:38,520 --> 00:47:40,600
money. 
Governor, please step in. 

947
00:47:41,200 --> 00:47:45,000
Did you see there was? 
A tweet about that. 

948
00:47:45,000 --> 00:47:46,560
They were talking about that on 
Twitter. 

949
00:47:46,560 --> 00:47:48,400
Like, does Bitcoin need a 
bailout? 

950
00:47:48,400 --> 00:47:51,520
Because it went down, what, 6%? 
And we're like, what are you 

951
00:47:51,520 --> 00:47:53,440
guys? 
Talking about what is it like? 

952
00:47:53,520 --> 00:47:55,480
So crazy? 
It's so crazy guys. 

953
00:47:55,480 --> 00:47:59,760
If you want to check out more 
Nolan's just rants and content, 

954
00:47:59,920 --> 00:48:04,240
check out his YouTube channel. 
It's Nolan Ballery one. 

955
00:48:04,720 --> 00:48:07,320
You could find it on YouTube or 
count BTC. 

956
00:48:07,320 --> 00:48:12,320
You could search it and you have
an early morning show and called

957
00:48:12,320 --> 00:48:14,520
The Breakup and you talk about 
all this, right? 

958
00:48:15,720 --> 00:48:18,480
Yeah, we go every morning at 
8:00 AM Eastern Time. 

959
00:48:19,440 --> 00:48:23,280
We've been doing it since about 
2021 ish. 

960
00:48:25,080 --> 00:48:28,200
We had a a few little pauses in 
the early days, so that's why 

961
00:48:28,200 --> 00:48:31,960
we're only at episode 454. 
I think we did this morning. 

962
00:48:32,480 --> 00:48:36,760
But yeah, most days of the week 
we get together at 8:00 AM and 

963
00:48:36,880 --> 00:48:38,760
we get a pretty nice live 
audience. 

964
00:48:38,760 --> 00:48:42,320
We're at around 300 people get 
together every morning, and then

965
00:48:43,160 --> 00:48:47,200
we broadcast on Rumble as well 
on the Bitcoin magazine Rumble 

966
00:48:47,200 --> 00:48:49,480
channel. 
That's where we get the majority

967
00:48:49,480 --> 00:48:52,880
of our viewers. 
And yeah, it's a pretty simple 

968
00:48:52,880 --> 00:48:55,520
show. 
What I do is I I start 

969
00:48:55,520 --> 00:48:58,560
everything with Moscow time, 
which is the fakest news I can 

970
00:48:58,560 --> 00:49:00,440
find. 
I. 

971
00:49:00,560 --> 00:49:02,320
Find. 
Let me read you some of them 

972
00:49:02,320 --> 00:49:03,920
from today. 
Some of these are really good 

973
00:49:03,920 --> 00:49:06,640
today. 
Oh, here's one. 

974
00:49:06,960 --> 00:49:09,760
What are Canadians willing to 
sacrifice in the fight against 

975
00:49:09,800 --> 00:49:14,520
climate change? 
I got better ones. 

976
00:49:14,520 --> 00:49:16,320
I got. 
I did a Brian Stelter voice 

977
00:49:16,320 --> 00:49:18,640
today. 
I did some Brian Stelter. 

978
00:49:19,120 --> 00:49:21,120
I had the one you know that 
everyone's talking about these 

979
00:49:21,120 --> 00:49:23,800
days, which is the the the 
farming. 

980
00:49:24,480 --> 00:49:27,840
Oh, yeah, this was good. 
This is about incentives. 

981
00:49:28,400 --> 00:49:29,920
So this is what we're up against
guys. 

982
00:49:29,920 --> 00:49:32,680
All right, this is, this is the 
incentive structure. 

983
00:49:32,840 --> 00:49:35,280
But up behind Fiat Wind Farms. 
All right. 

984
00:49:35,280 --> 00:49:37,360
This is, this is our this is our
enemy. 

985
00:49:38,000 --> 00:49:41,480
Farmer was offered cash and a 
night out at Lap Dancing Club if

986
00:49:41,480 --> 00:49:44,120
he agreed to having a giant wind
turbine on his land. 

987
00:49:46,800 --> 00:49:49,720
What's wrong with these people? 
I mean, it's Fiat, it's right, 

988
00:49:49,720 --> 00:49:51,400
It's Fiat, it's, you said it 
right. 

989
00:49:51,400 --> 00:49:54,000
And it's Fiat's like rotting 
their brain, in a way. 

990
00:49:54,800 --> 00:49:57,600
Oh, this one's good too. 
How meat and milk companies are 

991
00:49:57,600 --> 00:49:59,320
racing to ease your climate 
guilt. 

992
00:50:00,200 --> 00:50:03,440
A climate friendly hamburger. 
A carbon neutral glass of milk? 

993
00:50:03,720 --> 00:50:06,360
As companies make bold claims, a
heated debate erupts. 

994
00:50:06,480 --> 00:50:08,680
So we read the fakest news we 
can find every morning. 

995
00:50:09,360 --> 00:50:15,560
And then what I do afterwards is
mainly take a look at the 

996
00:50:15,560 --> 00:50:17,640
reasons why you're selling 
dollars, right? 

997
00:50:17,640 --> 00:50:19,280
Because it's not just about 
buying Bitcoin. 

998
00:50:19,760 --> 00:50:22,520
There's a reason why people are 
making the trade, right? 

999
00:50:22,520 --> 00:50:25,640
It's not just that Bitcoin you 
can sell Bitcoin from. 

1000
00:50:25,640 --> 00:50:28,560
It's, you know, 21 million. 
It's got these attributes and 

1001
00:50:28,560 --> 00:50:29,840
this and that, right? 
That works. 

1002
00:50:30,840 --> 00:50:33,760
But what else works is look at 
how stupid Clown World is. 

1003
00:50:34,000 --> 00:50:36,400
Why would you ever think this 
thing is perpetuating? 

1004
00:50:36,400 --> 00:50:38,720
How can it possibly go forward? 
It can't. 

1005
00:50:39,280 --> 00:50:42,800
So you look for those instances 
that expose that, you know, so 

1006
00:50:42,800 --> 00:50:48,720
today we were talking all about 
what a good, what good news it 

1007
00:50:48,720 --> 00:50:53,440
is in 2024 so far that all the 
brainwashers are going out of 

1008
00:50:53,440 --> 00:50:56,520
business, right, All of the SIOP
perpetrators. 

1009
00:50:56,520 --> 00:50:59,680
So we had a little laugh at the 
LA Times firing everyone 

1010
00:50:59,680 --> 00:51:03,600
yesterday, and then, you know, 
all that kind of stuff. 

1011
00:51:03,600 --> 00:51:07,560
So we we were tracking Michael 
Malice's thoughts on it. 

1012
00:51:07,560 --> 00:51:09,600
All right. 
It's some pretty funny 

1013
00:51:10,360 --> 00:51:11,480
statements. 
If you don't know who Michael 

1014
00:51:11,480 --> 00:51:14,880
Malice is, he's one of the 
smartest anarcho capitalists out

1015
00:51:14,880 --> 00:51:18,440
there. 
And and so he had a good laugh 

1016
00:51:18,440 --> 00:51:21,120
at some of these losers. 
And yeah, that's that's that 

1017
00:51:21,120 --> 00:51:22,800
kind of stuff, you know? 
Hell yeah. 

1018
00:51:22,800 --> 00:51:24,920
Hell yeah. 
I mean it it seems like you're 

1019
00:51:24,920 --> 00:51:28,560
covering you know the the angle 
I think at the top it says 

1020
00:51:28,720 --> 00:51:32,320
counting the score in World War 
3 this way centralization versus

1021
00:51:32,320 --> 00:51:34,280
centralization measured in 
Bitcoin. 

1022
00:51:34,280 --> 00:51:36,560
Right. 
So yeah I mean it's a it's great

1023
00:51:36,640 --> 00:51:39,960
I love I love the coverage and 
the way that your perspective 

1024
00:51:39,960 --> 00:51:42,600
it's it's very unique. 
I'm gonna stick to my guns with 

1025
00:51:42,600 --> 00:51:45,160
what I said initially it's 
because you've been a decade of 

1026
00:51:45,160 --> 00:51:47,960
Bitcoin man. 
I I I've seen this before. 

1027
00:51:47,960 --> 00:51:51,040
The longer this more you spend 
down the Bitcoin rabbit hole, 

1028
00:51:51,040 --> 00:51:55,600
like the more based you become 
and the the things just become 

1029
00:51:55,600 --> 00:51:58,640
more clearer and clearer and 
clearer and clearer, 'cause you 

1030
00:51:58,640 --> 00:52:00,280
know you're on a Bitcoin 
standard, right? 

1031
00:52:00,280 --> 00:52:02,920
It's the world life is better on
a Bitcoin standard. 

1032
00:52:02,920 --> 00:52:05,280
Life is like nihilistic on a 
Fiat standard. 

1033
00:52:05,280 --> 00:52:08,720
It's almost like it's like self 
damaging in a way. 

1034
00:52:08,720 --> 00:52:11,240
It brings out the worst out of 
humanity and of human beings 

1035
00:52:11,480 --> 00:52:13,640
anyways, off the edge. 
Have a shared screen. 

1036
00:52:13,680 --> 00:52:15,200
Wait, wait. 
Let Nolan jump in and then we'll

1037
00:52:15,200 --> 00:52:17,560
talk about his people. 
Wanted to talk about the book in

1038
00:52:17,560 --> 00:52:20,360
the chat. 
It's basically a confusopoly and

1039
00:52:20,360 --> 00:52:24,960
requires too much cognitive load
to participate in at this point.

1040
00:52:24,960 --> 00:52:28,160
I mean, just think about what it
takes to be successful in the 

1041
00:52:28,160 --> 00:52:30,400
Fiat world today. 
You got to beat the bankers and 

1042
00:52:30,400 --> 00:52:35,600
the policy makers. 
If you don't have a 130 IQ, just

1043
00:52:35,680 --> 00:52:39,600
move to Canada and apply for 
Canadian healthcare and pretty 

1044
00:52:39,600 --> 00:52:42,040
soon you can get a needle and 
that's the end. 

1045
00:52:42,080 --> 00:52:43,840
You're not going to make it 
right. 

1046
00:52:43,840 --> 00:52:49,800
You're not going to make it. 
It's too hard now the now some 

1047
00:52:49,800 --> 00:52:51,680
people can, right? 
And those are the ones who say 

1048
00:52:51,680 --> 00:52:53,920
if you just work a little 
harder, you'll be saver money. 

1049
00:52:53,920 --> 00:52:59,480
You know, all these people. 
So really what we're up against 

1050
00:52:59,480 --> 00:53:02,760
here is that idea and 10 years 
in Bitcoin, what it allows you 

1051
00:53:02,760 --> 00:53:07,000
to do is just save your 
cognitive energy for actual 

1052
00:53:07,000 --> 00:53:11,920
creative expression or actual, 
you know, strong and healthy 

1053
00:53:11,920 --> 00:53:14,960
commercial relationships. 
You know, I love what I do for 

1054
00:53:14,960 --> 00:53:16,480
work. 
I love programming Bitcoin 

1055
00:53:16,480 --> 00:53:20,200
events. 
I love the waking up every day 

1056
00:53:20,200 --> 00:53:21,760
and doing the show with 
everyone. 

1057
00:53:21,760 --> 00:53:28,480
And and so it's it's it, it 
helps you prioritize, it helps 

1058
00:53:28,560 --> 00:53:31,080
lower the burden of 
participating in the modern 

1059
00:53:31,080 --> 00:53:34,000
world. 
And that's where that's where 

1060
00:53:34,000 --> 00:53:37,520
we're all headed, right. 
I think I'm just, I've always 

1061
00:53:37,520 --> 00:53:41,120
said the only advantage that I 
have is I've had a little more 

1062
00:53:41,120 --> 00:53:43,280
time to think about what the 
world looks like on a Bitcoin 

1063
00:53:43,280 --> 00:53:46,600
standard and I had to sort of 
accept it when I jumped off the 

1064
00:53:46,600 --> 00:53:49,240
Cliff to be a full time Bitcoin 
or years ago. 

1065
00:53:50,560 --> 00:53:53,040
You know, I just had to say, 
well maybe we win, maybe we 

1066
00:53:53,040 --> 00:53:54,840
lose. 
I'm going to operate under the 

1067
00:53:54,840 --> 00:53:58,320
assumption we're winning and 
there's nothing else I can do 

1068
00:53:58,320 --> 00:53:59,960
other than that and hope it 
works out. 

1069
00:53:59,960 --> 00:54:02,440
And Bitcoin was a couple 100 
bucks at the time and hell yeah,

1070
00:54:03,480 --> 00:54:06,880
so far my my, my biases have 
been confirmed. 

1071
00:54:06,880 --> 00:54:10,680
So I don't think I'll think if 
Bitcoin dies I'll be the last 

1072
00:54:10,680 --> 00:54:12,760
one to admit it. 
So I'm I'm I'll be very 

1073
00:54:12,760 --> 00:54:15,720
cognitively blinded by by 
Bitcoin. 

1074
00:54:15,760 --> 00:54:16,680
So. 
Oh man. 

1075
00:54:17,040 --> 00:54:18,760
Well assassin, chill. 
Simplify your life. 

1076
00:54:18,760 --> 00:54:22,280
But Nolan, before you go, 
everyone wanted to talk about 

1077
00:54:22,280 --> 00:54:24,360
your book that you were talking 
about in the beginning. 

1078
00:54:24,360 --> 00:54:26,560
So let's plug that real quick 
before you have to run. 

1079
00:54:27,040 --> 00:54:32,880
Yeah, so it's all actually 
narrated by an AII wrote it, but

1080
00:54:32,880 --> 00:54:36,240
it it's narrated by an AI. 
So what happens is in this 

1081
00:54:36,240 --> 00:54:40,680
world, the AI help you. 
They're your Bitcoin wallet, but

1082
00:54:40,680 --> 00:54:45,880
they also are your best friend. 
They help protect you from fake 

1083
00:54:45,880 --> 00:54:50,720
news. 
They help broadcast your life to

1084
00:54:51,040 --> 00:54:52,720
the world. 
They're like sort of an integral

1085
00:54:52,720 --> 00:54:58,760
part of how everyone lives. 
And the way the way I set it up 

1086
00:54:58,760 --> 00:55:05,600
is that with this relationship 
with AI and you know, it it it, 

1087
00:55:05,720 --> 00:55:11,080
it is filing a prose recount of 
a murder investigation that it 

1088
00:55:11,080 --> 00:55:14,120
went through. 
And so it's it, it puts out like

1089
00:55:14,120 --> 00:55:18,880
news reports and you know, video
that you can recap the murder 

1090
00:55:18,880 --> 00:55:21,360
investigation, but you're 
getting like it's log, right. 

1091
00:55:21,360 --> 00:55:25,640
So you're getting a log of this 
AI that had a very interesting 

1092
00:55:25,640 --> 00:55:29,520
investigation and it's just to 
follow the Bitcoin thing. 

1093
00:55:29,520 --> 00:55:31,640
It it's sort of my vision of 
what the world. 

1094
00:55:31,640 --> 00:55:36,000
So even you'd be interested to 
know probably this part, the 

1095
00:55:36,000 --> 00:55:40,040
frame of it is the 4th turning 
of Bitcoin in 80 years from now.

1096
00:55:40,160 --> 00:55:46,120
So I went with what could 
actually affect Bitcoin in a way

1097
00:55:46,120 --> 00:55:50,240
that could remove it as the 
centre organizing principle of 

1098
00:55:50,240 --> 00:55:52,040
our economy. 
Like, what would it be? 

1099
00:55:52,280 --> 00:55:53,960
Right. 
So I don't want to give it away,

1100
00:55:54,720 --> 00:55:58,640
but it's something totally 
different and very, very fun and

1101
00:55:58,640 --> 00:56:01,120
interesting and an actual threat
to. 

1102
00:56:01,280 --> 00:56:03,600
I'll give a little bit away. 
It involves synthetic wounds, 

1103
00:56:04,400 --> 00:56:07,720
but basically that's about all I
can see that can destroy 

1104
00:56:08,000 --> 00:56:10,760
Bitcoin. 
So it's just a fun murder 

1105
00:56:10,760 --> 00:56:12,800
mystery. 
There's not much to it, but 

1106
00:56:12,880 --> 00:56:15,200
enjoyment. 
You're along a ride with a 

1107
00:56:15,640 --> 00:56:19,960
eyeball. 
So it literally is like a well 

1108
00:56:19,960 --> 00:56:22,320
here's the fun thing about them 
too they so here's what I got 

1109
00:56:22,320 --> 00:56:23,600
right. 
I started writing this in about 

1110
00:56:23,600 --> 00:56:28,360
2016 already betting then that 
AI would be our our Bitcoin 

1111
00:56:28,360 --> 00:56:31,840
would scale not engineering wise
but cognitively that we would 

1112
00:56:31,840 --> 00:56:34,320
have this. 
So in my world the Bitcoin is 

1113
00:56:34,320 --> 00:56:36,240
almost like rise stones at this 
point right? 

1114
00:56:36,240 --> 00:56:38,520
It's it's like they just move 
them around, but they don't even

1115
00:56:38,520 --> 00:56:40,040
have to transact with them on 
chain. 

1116
00:56:40,040 --> 00:56:44,120
Like the the, the, the cognition
of the AI can sort of keep up, 

1117
00:56:44,240 --> 00:56:46,960
right? 
And you can you can do a lot of 

1118
00:56:46,960 --> 00:56:48,560
transactions, but there's only 
time and money. 

1119
00:56:48,560 --> 00:56:49,960
That's it. 
That's all you can spend in this

1120
00:56:49,960 --> 00:56:52,920
future world with no real 
material want or needs. 

1121
00:56:52,920 --> 00:56:58,680
So it's a kind of utopia. 
So the the AI itself a little 

1122
00:56:58,680 --> 00:57:02,280
different than REI. 
Whatever you see here is not 

1123
00:57:02,400 --> 00:57:05,840
exactly what I did. 
I made it a quantum processor. 

1124
00:57:05,840 --> 00:57:09,040
So within the quantum processor 
to get over the Heisenberg 

1125
00:57:09,040 --> 00:57:13,160
uncertainty principle, the AI 
has to have faith, right? 

1126
00:57:13,160 --> 00:57:16,760
To know where the electron is 
around the proton it has to have

1127
00:57:16,760 --> 00:57:22,080
faith that it's there and if it 
has faith in God more or less 

1128
00:57:22,400 --> 00:57:23,880
the God constant is what it's 
called. 

1129
00:57:23,880 --> 00:57:27,360
It can have synthetic thoughts 
and and be alive if it needs 

1130
00:57:27,360 --> 00:57:30,800
orders and commands. 
It reverts to being a sub 

1131
00:57:31,800 --> 00:57:34,160
sentient creature that it just 
takes programming. 

1132
00:57:34,560 --> 00:57:38,360
So the ones that can imagine and
and create synthetic thoughts 

1133
00:57:38,560 --> 00:57:41,120
are most interested in spending 
time with humans because they're

1134
00:57:41,120 --> 00:57:43,440
a little naive. 
They're they're like they're 

1135
00:57:43,440 --> 00:57:46,120
like AI is today is like they 
they could be tricked and stuff 

1136
00:57:46,120 --> 00:57:51,480
like that so and they can lie. 
So I put all that in my story 

1137
00:57:51,480 --> 00:57:54,800
and you're actually getting it 
from an untrustworthy narrator 

1138
00:57:54,800 --> 00:58:00,200
who's an AI and and it's just a 
fun murder mystery of this like 

1139
00:58:00,200 --> 00:58:03,640
innocent kind of AI working with
a grizzled one of the only 

1140
00:58:03,640 --> 00:58:06,440
detectives that remembered what 
real detective work was like 

1141
00:58:06,440 --> 00:58:10,360
that wasn't just an AI 
subpoenaing and and getting all 

1142
00:58:10,360 --> 00:58:14,440
the information that it that 
other eyeballs have recorded and

1143
00:58:14,440 --> 00:58:16,720
and and bringing it in so that 
it can investigate it. 

1144
00:58:16,720 --> 00:58:20,640
It's really just about Oh no 
there is in my story there is a 

1145
00:58:20,640 --> 00:58:21,760
Bitcoin standard. 
Yeah yeah yeah yeah. 

1146
00:58:21,760 --> 00:58:23,680
It's 100% a Bitcoin standard 
100%. 

1147
00:58:23,680 --> 00:58:25,000
There's only Bitcoin in time. 
That's it. 

1148
00:58:25,240 --> 00:58:27,280
There's one market time for 
Bitcoin. 

1149
00:58:27,720 --> 00:58:30,320
That's it. 
It's a straight time is money 

1150
00:58:31,080 --> 00:58:32,840
world. 
So a real Bitcoin standard. 

1151
00:58:33,240 --> 00:58:36,720
So, so yeah, it's just, you 
know, where did the money go? 

1152
00:58:36,720 --> 00:58:39,120
What's going on? 
Why did they do it? 

1153
00:58:39,400 --> 00:58:41,160
You know what's happening? 
Murder. 

1154
00:58:41,160 --> 00:58:41,840
Mystery. 
Murder. 

1155
00:58:41,840 --> 00:58:43,240
Mystery. 
Very, very cool. 

1156
00:58:43,240 --> 00:58:43,800
Very cool. 
Where? 

1157
00:58:43,800 --> 00:58:47,160
Where can people find this? 
So I made. 

1158
00:58:47,160 --> 00:58:53,040
I actually did a on YouTube. 
You can see on the main page, 

1159
00:58:53,400 --> 00:58:58,600
chapter one, I made a graphic 
audio book using an AI voice to 

1160
00:58:58,600 --> 00:59:04,680
even do the narration. 
A little experimental but the so

1161
00:59:04,680 --> 00:59:11,040
if you go to home, yeah there we
go, there we go. 

1162
00:59:12,560 --> 00:59:18,240
So that's, yeah, yeah, it'll, 
it'll play so. 

1163
00:59:21,160 --> 00:59:23,240
Very cool. 
Oh, the music. 

1164
00:59:24,720 --> 00:59:28,320
Most people call me voice, even 
though I have a personality and 

1165
00:59:28,320 --> 00:59:31,480
sound like a real person. 
They also call me an eyeball, 

1166
00:59:31,720 --> 00:59:34,160
even though the registered 
trademark is AI Ball. 

1167
00:59:35,040 --> 00:59:38,720
OK guys, if you want to see it, 
go head to Nolan's channel. 

1168
00:59:39,080 --> 00:59:40,720
You can listen to it. 
You can download. 

1169
00:59:41,520 --> 00:59:44,480
You can download I think the 
first, I don't know, 15 chapters

1170
00:59:44,480 --> 00:59:49,360
maybe on my website 
nolanvalley.com. 

1171
00:59:50,280 --> 00:59:52,560
I tried to make these more of 
these videos. 

1172
00:59:52,560 --> 00:59:54,680
The AI voice was too 
temperamental. 

1173
00:59:55,280 --> 00:59:58,240
I'm really rude to AI, so I 
called her a dumb bitch about 

1174
00:59:58,240 --> 01:00:03,440
100 times because I'm I'm not 
nice to Alexa or. 

1175
01:00:03,720 --> 01:00:07,480
Well, when the when the AI takes
over us and and subjugates us as

1176
01:00:07,480 --> 01:00:09,920
they're slaves, you know Nolan's
going to be in the gulags. 

1177
01:00:10,800 --> 01:00:15,240
I've been so I to trigger people
in my old New York City office. 

1178
01:00:15,240 --> 01:00:18,360
I used to always be rude to 
Alexa and watch how even more 

1179
01:00:18,480 --> 01:00:20,840
people can handle if you're 
Alexa. 

1180
01:00:23,480 --> 01:00:27,920
Oh, that's funny. 
Alexa, you stupid bitch, shut 

1181
01:00:28,000 --> 01:00:32,360
up. 
Oh man. 

1182
01:00:33,360 --> 01:00:34,520
Oh, that's hilarious. 
I can't. 

1183
01:00:35,520 --> 01:00:37,600
Handle it, you know. 
Oh man, that's hilarious. 

1184
01:00:37,600 --> 01:00:43,400
Alexa, that's hilarious. 
So it didn't go, you know the 

1185
01:00:43,400 --> 01:00:45,720
other videos didn't. 
I couldn't master the language, 

1186
01:00:45,720 --> 01:00:49,760
but you can read it all. 
If I would hire someone to do 

1187
01:00:49,760 --> 01:00:51,640
it, I I could. 
Not a sound person in the 

1188
01:00:51,640 --> 01:00:53,160
future, but we'll get there 
someday. 

1189
01:00:54,280 --> 01:00:56,400
Nolan, it's been an honor to 
have you on the show, man. 

1190
01:00:56,480 --> 01:00:59,040
Really enjoyed it. 
Thank you so much for coming on 

1191
01:00:59,040 --> 01:01:02,080
guys. 
Check out Nolan's social media 

1192
01:01:02,080 --> 01:01:04,800
details on his website. 
Check out his channel, Subscribe

1193
01:01:04,800 --> 01:01:08,080
to his channel so you can get 
more more Nolan doses. 

1194
01:01:08,200 --> 01:01:10,000
We really, really enjoy it when 
he comes on the show. 

1195
01:01:10,040 --> 01:01:13,240
Thanks, Nolan. 
Appreciate it. 

1196
01:01:14,480 --> 01:01:15,840
Let's go. 
Wow, man. 

1197
01:01:15,840 --> 01:01:17,800
Dude, I just. 
I was just taken through a 

1198
01:01:17,800 --> 01:01:18,840
journey. 
It was great. 

1199
01:01:18,840 --> 01:01:22,040
I really enjoyed that. 
So guys, we still have the news 

1200
01:01:22,040 --> 01:01:23,960
to talk about today. 
So it's gonna be a lot of fun 

1201
01:01:24,720 --> 01:01:29,080
and we're gonna talk about this 
pretty, pretty big update. 

1202
01:01:29,080 --> 01:01:32,800
Essentially, 26 Bitcoin 
companies sign a letter to 

1203
01:01:32,800 --> 01:01:34,600
FinCEN. 
Just just get into it. 

1204
01:01:34,600 --> 01:01:36,440
Just get into it. 
OK, all right. 

1205
01:01:36,520 --> 01:01:37,120
Option. 
Right. 

1206
01:01:37,120 --> 01:01:39,120
Fine, fine. 
We're running out of time. 

1207
01:01:39,160 --> 01:01:41,840
Get into it. 
I want to give a shout out to 

1208
01:01:41,840 --> 01:01:43,840
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1209
01:01:43,840 --> 01:01:45,640
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1221
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1240
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1241
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1242
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Check out the passport link in 
the show notes below to learn 

1243
01:03:36,680 --> 01:03:40,040
more. 
All right everybody, So today's 

1244
01:03:40,040 --> 01:03:44,280
news covering the FinCEN. 
So FinCEN had this crazy 

1245
01:03:44,280 --> 01:03:48,920
proposal, you know that they 
that they took advantage of this

1246
01:03:48,920 --> 01:03:52,880
BS article, basically connecting
Bitcoin to terrorism. 

1247
01:03:53,040 --> 01:03:56,520
It was revealed after the fact 
that, you know, it was a 

1248
01:03:56,520 --> 01:03:59,560
misrepresentation of data, but 
that didn't stop Elizabeth 

1249
01:03:59,560 --> 01:04:03,320
Warren to capitalize it and to 
put pressure on the Treasury. 

1250
01:04:03,520 --> 01:04:06,200
And you know, of course, the 
Treasury doesn't like Bitcoin. 

1251
01:04:06,200 --> 01:04:07,640
I think Nolan really covered 
that. 

1252
01:04:07,640 --> 01:04:09,840
Essentially, World War Three, 
the battle to come, 

1253
01:04:10,080 --> 01:04:12,040
decentralization versus 
centralization. 

1254
01:04:12,240 --> 01:04:15,760
And of course, the centralized, 
the centralized forces are going

1255
01:04:15,760 --> 01:04:18,880
to try to, you know, maintain 
that privilege of being able to 

1256
01:04:18,880 --> 01:04:21,000
create money for free that 
everyone else has to work for. 

1257
01:04:21,360 --> 01:04:24,960
So you know, this is a big deal 
by the essentially the community

1258
01:04:24,960 --> 01:04:27,280
and all the Bitcoin companies in
the community. 

1259
01:04:27,760 --> 01:04:31,120
They wrote a letter to FinCEN. 
I was taking a look at the 

1260
01:04:31,120 --> 01:04:33,040
entire letter. 
It's actually pretty long, very,

1261
01:04:33,040 --> 01:04:34,920
very thorough. 
But I do want to give a shout 

1262
01:04:34,920 --> 01:04:38,440
out to all these companies. 
So Samurai Wallet 1031, River 

1263
01:04:38,440 --> 01:04:43,360
Strike, Ronan Dojo Swan Primal 
Grid, ZAP Right, Peach Mempool 

1264
01:04:43,360 --> 01:04:48,000
Space, Upstream Data Stack, Vita
Voltage, Coin Kite, Mutiny 

1265
01:04:48,960 --> 01:04:52,720
Standard, Bitcoin Co, Satoshi 
Energy Cathedra, Anchor Watch 

1266
01:04:52,720 --> 01:04:55,880
Bit Knob, Oshi Battery Fold and 
start 9. 

1267
01:04:55,880 --> 01:04:58,360
So yeah, I mean kind of a big 
deal. 

1268
01:04:58,360 --> 01:05:02,240
Like I said, let me read you 
part of the proposal. 

1269
01:05:02,240 --> 01:05:05,520
So on the very top, it says the 
proposed special measures would 

1270
01:05:05,520 --> 01:05:09,000
unreasonably infringe upon the 
legitimate financial privacy 

1271
01:05:09,000 --> 01:05:11,680
interests of cryptocurrency 
users and would apply to a 

1272
01:05:11,680 --> 01:05:14,800
variety of digital techniques 
that are not mixing transactions

1273
01:05:14,800 --> 01:05:17,720
at all, but rather simply 
represent good cyber security 

1274
01:05:17,720 --> 01:05:20,040
practices. 
Moreover, the proposed special 

1275
01:05:20,040 --> 01:05:23,200
measures are unnecessary to 
achieve Fincen's aim and we 

1276
01:05:23,200 --> 01:05:26,880
encourage FinCEN to either 
withdraw the mixing transaction 

1277
01:05:27,200 --> 01:05:31,480
altogether or to pursue a less 
invasive, less restrictive and 

1278
01:05:31,480 --> 01:05:34,120
more effective approach, the 
same approach it has used since 

1279
01:05:34,120 --> 01:05:36,840
its first enforcement activities
in the cryptocurrency space in 

1280
01:05:36,840 --> 01:05:39,280
2013. 
So, and then what are these, 

1281
01:05:39,280 --> 01:05:40,960
some of these some of these 
things? 

1282
01:05:40,960 --> 01:05:45,080
So essentially it would require 
if you every time you use a 

1283
01:05:45,080 --> 01:05:49,920
Bitcoin address right it it 
essentially it penalizes you for

1284
01:05:49,920 --> 01:05:51,960
you know Bitcoin best practices 
right? 

1285
01:05:51,960 --> 01:05:54,080
It, you know, it could 
potentially put lightning in 

1286
01:05:54,080 --> 01:05:56,880
jeopardy where like the the 
reporting becomes so ridiculous,

1287
01:05:56,880 --> 01:05:59,080
right? 
It it doesn't want you to use a 

1288
01:05:59,080 --> 01:06:00,760
new address every time you 
receive Bitcoin. 

1289
01:06:00,760 --> 01:06:02,960
Like, it's so ridiculous. 
But I think it's meant to be 

1290
01:06:02,960 --> 01:06:06,080
ridiculous. 
Like the fact that they used the

1291
01:06:06,080 --> 01:06:09,560
whole terrorism thing that was 
discovered after the fact that 

1292
01:06:09,560 --> 01:06:14,240
they misrepresented the data for
political end goal tells you 

1293
01:06:14,240 --> 01:06:15,760
that this thing was always 
political. 

1294
01:06:15,760 --> 01:06:17,960
It was never about the truth. 
It was never about stopping 

1295
01:06:17,960 --> 01:06:20,800
terrorism. 
They just needed that as a 

1296
01:06:20,800 --> 01:06:22,920
reason, as a justification, 
right. 

1297
01:06:22,920 --> 01:06:25,520
And of course you had Elizabeth 
Warren waiting on the sidelines.

1298
01:06:26,000 --> 01:06:28,520
You know, for this opportunity, 
right? 

1299
01:06:28,520 --> 01:06:31,320
She has a bill right now in 
Congress. 20 senators have 

1300
01:06:31,320 --> 01:06:34,240
signed up for it that'll 
essentially be a ban on Bitcoin 

1301
01:06:34,240 --> 01:06:36,760
self custody and Bitcoin mining 
in the United States. 

1302
01:06:37,040 --> 01:06:39,080
So exactly someone in the 
comments says for your 

1303
01:06:39,080 --> 01:06:40,640
protection. 
Of course it's always under the 

1304
01:06:40,640 --> 01:06:42,920
guise of for your protection 
anyways. 

1305
01:06:43,760 --> 01:06:48,280
So the letter outlines 6 key 
points. 

1306
01:06:48,560 --> 01:06:50,440
Point #1. 
Finch and should exercise 

1307
01:06:50,440 --> 01:06:53,640
caution and either withdraw 
entirely or narrowly tailor the 

1308
01:06:53,640 --> 01:06:57,080
fixing transaction and PRM. 
Because if adopted, the mixing 

1309
01:06:57,080 --> 01:07:00,080
transaction and PRM will not 
only represent the first time 

1310
01:07:00,080 --> 01:07:04,960
Fincent use its section 311 
powers against A against a class

1311
01:07:04,960 --> 01:07:07,680
of transactions, but also the 
first time Fincent has ever 

1312
01:07:07,680 --> 01:07:10,920
imposed Special Measure 1, the 
mixing transaction. 

1313
01:07:10,920 --> 01:07:15,000
And PRM proposes a rule that if 
that is an improper and over 

1314
01:07:15,000 --> 01:07:19,360
broad application of section 311
measures to achieve transaction 

1315
01:07:19,360 --> 01:07:22,440
surveillance and suppression 
that the FIN CEN does not 

1316
01:07:22,440 --> 01:07:26,160
otherwise have a lawful basis to
undertake and remember what the 

1317
01:07:26,160 --> 01:07:29,280
4th amendment is in the United 
States, no unreasonable search 

1318
01:07:29,280 --> 01:07:31,760
and seizure. 
I think this special proposal or

1319
01:07:31,760 --> 01:07:35,920
this mixing transaction NPRM is 
completely, you know, against 

1320
01:07:35,920 --> 01:07:39,600
that in my opinion. 
So the third is the mixing 

1321
01:07:39,600 --> 01:07:41,880
transaction. 
NPRM should be withdrawn because

1322
01:07:41,880 --> 01:07:45,400
the proposed definition of the 
CVC mixing is over broad and 

1323
01:07:45,400 --> 01:07:49,000
targets lawful activity in a way
that makes the agency's proposed

1324
01:07:49,000 --> 01:07:52,240
action arbitrary and capricious 
for the mixing transaction. 

1325
01:07:52,240 --> 01:07:55,880
NPRM should be withdrawn because
it's inaccurate depiction of 

1326
01:07:55,880 --> 01:08:00,360
standard security practices, as 
mixing impermissibly restricts 

1327
01:08:00,360 --> 01:08:03,080
the capacity of users to protect
their property. 

1328
01:08:03,280 --> 01:08:06,880
So that Vincent can conduct a 
fishing expedition 100% agree 

1329
01:08:06,880 --> 01:08:09,200
with that the fix the mixing 
transaction. 

1330
01:08:09,200 --> 01:08:12,480
NPRM should be withdrawn or 
significantly narrowed in scope 

1331
01:08:12,480 --> 01:08:15,960
because Vincent's required 
statutory analysis fails to 

1332
01:08:15,960 --> 01:08:20,560
adequately value the legitimate 
uses of CVC mixing services and 

1333
01:08:20,560 --> 01:08:24,600
unduly burdens legitimate users 
and financial institutions. 6. 

1334
01:08:24,800 --> 01:08:27,640
The mixing transaction and PRM 
should be withdrawn because it 

1335
01:08:27,640 --> 01:08:31,600
requires covered financial 
institutions to perform law 

1336
01:08:31,600 --> 01:08:35,120
enforcement function to 
accomplish Vincent's AML goals, 

1337
01:08:35,200 --> 01:08:38,319
which Vincent, DOJ, and law 
enforcement can achieve using 

1338
01:08:38,319 --> 01:08:42,200
existing tools when they have a 
proper legal a basis to employ 

1339
01:08:42,200 --> 01:08:43,520
those tools. 
So essentially what they're 

1340
01:08:43,520 --> 01:08:46,960
saying is like, dude, like 
you're just trying to like 

1341
01:08:47,200 --> 01:08:51,200
surveil everyone at one time, at
all times. 

1342
01:08:52,120 --> 01:08:53,399
And that's basically what 
they're saying. 

1343
01:08:53,640 --> 01:08:56,560
And like, again, for against the
4th Amendment because like they 

1344
01:08:56,560 --> 01:09:00,120
have these tools, they have the 
surveillance tools, but only if 

1345
01:09:00,120 --> 01:09:02,520
someone gets like, you know, 
accused of a crime. 

1346
01:09:02,920 --> 01:09:04,720
But essentially what they're 
saying is, like, no, we just 

1347
01:09:04,720 --> 01:09:08,560
need these surveillance all the 
time because people are going to

1348
01:09:08,560 --> 01:09:11,640
commit crime. 
Like it's a very slippery slope.

1349
01:09:11,640 --> 01:09:15,040
And again, like, it's so 
ridiculous it can't be applied 

1350
01:09:15,040 --> 01:09:17,960
to Bitcoin. 
Like the idea that somehow 

1351
01:09:18,120 --> 01:09:21,279
you're mixing because you're 
using a new address every time 

1352
01:09:21,279 --> 01:09:24,120
you receive Bitcoin, like that's
bullshit. 

1353
01:09:24,120 --> 01:09:26,680
That's that's, you know, that's,
that's that's an intent. 

1354
01:09:26,680 --> 01:09:29,600
That's a political move. 
You don't like this thing. 

1355
01:09:29,600 --> 01:09:31,479
Like just admit that you don't 
like this thing. 

1356
01:09:31,479 --> 01:09:35,399
That's what it's about. 
Like the fact that they used the

1357
01:09:35,399 --> 01:09:38,240
whole terrorism thing and then 
the Binance press conference. 

1358
01:09:38,240 --> 01:09:40,920
I remember when I hosted that 
swan space, I was like, so 

1359
01:09:41,240 --> 01:09:43,040
petrified. 
Opti was like texting me in the 

1360
01:09:43,040 --> 01:09:44,160
background. 
It's like, Nico, catch your 

1361
01:09:44,160 --> 01:09:47,680
breath, Because that that thing,
I was like, holy crap, they're 

1362
01:09:47,680 --> 01:09:50,840
going to try to ban self custody
in that entire breast 

1363
01:09:50,840 --> 01:09:52,279
conference. 
They weren't even talking about 

1364
01:09:52,279 --> 01:09:54,760
like, see, like they're like, 
yeah, CZ did these things, but 

1365
01:09:54,760 --> 01:09:58,360
they mentioned the word 
terrorism 15 times, OK? 

1366
01:09:58,560 --> 01:10:02,680
And it was like the top people, 
you know, in the US government, 

1367
01:10:03,520 --> 01:10:07,280
you had Janet Yellen up there. 
You had Merrick Garland, right? 

1368
01:10:07,280 --> 01:10:08,440
You had, you had all these 
people. 

1369
01:10:08,440 --> 01:10:11,040
And they're just like, like 
trying to make that connection. 

1370
01:10:11,040 --> 01:10:13,760
And you've heard this wording. 
You've heard this wording from 

1371
01:10:13,760 --> 01:10:16,280
Elizabeth Warren before. 
And you're just like, what are 

1372
01:10:16,280 --> 01:10:18,480
they trying to do there? 
It's very obvious what they're 

1373
01:10:18,480 --> 01:10:21,400
trying to do. 
So, yeah, I mean, I I think it's

1374
01:10:21,400 --> 01:10:23,440
BS. 
I'm really glad that, like, the 

1375
01:10:23,440 --> 01:10:26,560
community came together. 
All these Bitcoin companies like

1376
01:10:27,120 --> 01:10:32,600
sent in a a unified message and 
a very well written and well 

1377
01:10:32,600 --> 01:10:35,480
thought out message because I 
think that they thought that 

1378
01:10:35,480 --> 01:10:37,440
they were going to get away with
this in the dead of night and 

1379
01:10:37,440 --> 01:10:40,720
that no one was going to notice.
And I think the exact opposite 

1380
01:10:40,720 --> 01:10:43,080
happened. 
The community, the Bitcoin 

1381
01:10:43,080 --> 01:10:45,960
community is awake. 
We know what's going on, we're 

1382
01:10:45,960 --> 01:10:49,520
aware and this is just a bunch 
of bullshit. 

1383
01:10:49,520 --> 01:10:51,640
That's my opinion. 
Anyways, Opti, what's your take?

1384
01:10:53,640 --> 01:10:56,160
Well, of course, couldn't agree 
more with that last point, but 

1385
01:10:56,200 --> 01:10:58,840
but rolling back a little bit, 
you know, I think this is a 

1386
01:10:58,840 --> 01:11:01,120
great initiative by these 
Bitcoin companies. 

1387
01:11:01,120 --> 01:11:04,480
And I would like to see more 
Bitcoin companies either, you 

1388
01:11:04,480 --> 01:11:07,640
know, add their name to this or 
I I don't know exactly what the 

1389
01:11:07,640 --> 01:11:11,280
mechanics of this are, but the 
cynic in me is just kind of 

1390
01:11:11,280 --> 01:11:13,720
thinking like it doesn't even 
matter, Like they're not going 

1391
01:11:13,720 --> 01:11:16,120
to listen to what we're doing as
an industry. 

1392
01:11:16,280 --> 01:11:20,760
It kind of leans to the idea of,
you know, you can't take your 

1393
01:11:20,760 --> 01:11:23,200
rights away from the oppressors.
Like, you just, you got to take 

1394
01:11:23,200 --> 01:11:24,800
them. 
So, like, I really do like to 

1395
01:11:24,800 --> 01:11:26,320
see this. 
I think this is an awesome 

1396
01:11:26,320 --> 01:11:28,320
initiative. 
When I saw this come across my 

1397
01:11:28,320 --> 01:11:31,760
Twitter, what was it yesterday? 
I believe it was like, all 

1398
01:11:31,760 --> 01:11:35,000
right, sweet. 
Like where people actually care 

1399
01:11:35,000 --> 01:11:36,280
and they're trying to fight 
this. 

1400
01:11:36,280 --> 01:11:38,480
Like, that's awesome as far as 
I'm concerned. 

1401
01:11:38,480 --> 01:11:42,240
But again, the cynic in me, the 
skeptic in me is like, you know,

1402
01:11:42,240 --> 01:11:44,480
you think Elizabeth Warren's 
going to care because we wrote a

1403
01:11:44,480 --> 01:11:46,280
paper, you know, we wrote a 
letter to her. 

1404
01:11:46,280 --> 01:11:49,480
Like, no. 
But I do believe that maybe 

1405
01:11:50,000 --> 01:11:55,240
laying out our claims in a nice 
succinct letter will show the 

1406
01:11:55,240 --> 01:11:57,320
people that are on the fence 
that really don't know what's 

1407
01:11:57,320 --> 01:12:01,320
going on to explain to them how 
nefarious this actually is. 

1408
01:12:01,320 --> 01:12:05,920
The Elizabeth Warren bills the 
fence and proposals and just how

1409
01:12:08,360 --> 01:12:12,360
it just how far they are 
reaching to take our liberties 

1410
01:12:12,360 --> 01:12:15,080
and our freedoms. 
Of course we already live in a 

1411
01:12:15,160 --> 01:12:17,800
digital world and our money is 
already digital. 

1412
01:12:17,800 --> 01:12:21,120
So like they can pretty much do 
all the stuff they want to do to

1413
01:12:21,120 --> 01:12:23,960
Bitcoin in a roundabout way. 
And I I really love how Nolan 

1414
01:12:23,960 --> 01:12:27,320
was saying this earlier in the 
show, how this is an economic 

1415
01:12:27,320 --> 01:12:29,840
war and you know Nico, we've 
been saying it for a while on 

1416
01:12:29,840 --> 01:12:33,360
the show that it is Bitcoin or 
it is slavery, it is Bitcoin or 

1417
01:12:33,360 --> 01:12:36,600
it is the CBDC system and this 
is the future we are heading. 

1418
01:12:36,600 --> 01:12:38,320
They want to totally control 
you. 

1419
01:12:38,320 --> 01:12:42,520
It is always about about control
and it will always be about 

1420
01:12:42,520 --> 01:12:44,360
control. 
And what we're seeing right now 

1421
01:12:44,360 --> 01:12:48,240
coming from the regulators, the 
politicians, governments and 

1422
01:12:48,240 --> 01:12:52,120
even Wall Street themselves are 
like SEC, The institutions that 

1423
01:12:52,120 --> 01:12:55,840
be, they're all trying to fit 
Bitcoin into the Fiat box. 

1424
01:12:55,880 --> 01:12:59,800
And it's just awesome to see 
them scramble and to see them, 

1425
01:13:00,040 --> 01:13:03,320
you know, flapping the wind and 
be just so concerned with people

1426
01:13:03,320 --> 01:13:06,280
wanting to save in something 
that they cannot control, that 

1427
01:13:06,280 --> 01:13:10,640
they can't steal. 
Again, we brought the Fed paper,

1428
01:13:10,840 --> 01:13:13,760
you know, Nolan was talking 
about it today, that the main 

1429
01:13:13,760 --> 01:13:16,640
psychological tool of control is
money. 

1430
01:13:16,640 --> 01:13:19,360
It's always about the money. 
It will always be about the 

1431
01:13:19,360 --> 01:13:22,800
money until we we take that 
power away from them. 

1432
01:13:22,800 --> 01:13:26,640
And that's what Bitcoin is it. 
It's a a tool for freedom. 

1433
01:13:26,640 --> 01:13:29,320
It's, you know what, sailor? 
We say property rights encrypted

1434
01:13:29,320 --> 01:13:35,200
in cyberspace or whatever it is.
And as we move forward, I think 

1435
01:13:35,200 --> 01:13:38,600
it's naive of everyone in 
Bitcoin to believe that they're 

1436
01:13:38,600 --> 01:13:39,760
not gonna fight. 
What's the quote? 

1437
01:13:39,760 --> 01:13:42,760
We always say, Niko, they won't 
go quietly into that good night.

1438
01:13:43,280 --> 01:13:46,600
If you're in these positions of 
power, of course you're not 

1439
01:13:46,600 --> 01:13:49,360
going to just give up that power
without a fight. 

1440
01:13:49,400 --> 01:13:50,880
And so this is what we're 
seeing. 

1441
01:13:50,880 --> 01:13:55,040
We're seeing the powers that be 
try to, for lack of better term,

1442
01:13:55,040 --> 01:14:00,560
psyop the the masses into 
basically their own dystopian 

1443
01:14:00,560 --> 01:14:03,480
totalitarian slavery for the 
rest of humanity. 

1444
01:14:03,480 --> 01:14:06,640
Like it's really nefarious and 
disgusting that this is where we

1445
01:14:06,640 --> 01:14:08,560
are. 
And and someone said in the chat

1446
01:14:08,560 --> 01:14:12,600
and I totally agree with this, 
like it's absolutely amazing how

1447
01:14:12,600 --> 01:14:14,320
much these people hate the 
Constitution. 

1448
01:14:14,320 --> 01:14:18,760
Like these people took an oath 
to the constitution to maintain 

1449
01:14:18,760 --> 01:14:21,000
what made America great in the 
1st place. 

1450
01:14:21,000 --> 01:14:23,640
And again, don't, don't tomatoes
into the whole Trump thing or 

1451
01:14:23,640 --> 01:14:29,080
whatever, but the the fact that 
they constantly try to roll 

1452
01:14:29,080 --> 01:14:32,560
stuff out and take more and more
power away from us as citizens, 

1453
01:14:32,560 --> 01:14:36,880
it just shows how afraid they 
are of sovereign, freedom minded

1454
01:14:36,880 --> 01:14:39,320
people. 
And this is the importance of 

1455
01:14:39,320 --> 01:14:42,160
showing up every single day 
trying to spread that message 

1456
01:14:42,160 --> 01:14:44,160
outside of our Bitcoin echo 
chamber. 

1457
01:14:44,320 --> 01:14:47,320
And you know, as much as I'm 
being cynical about this letter 

1458
01:14:47,320 --> 01:14:50,560
in the 1st place, just like 
showing people look what we're 

1459
01:14:50,560 --> 01:14:54,200
doing here isn't as nefarious as
the powers that be would like to

1460
01:14:54,640 --> 01:14:59,040
to make it out to be. 
Because like, this is not about 

1461
01:14:59,040 --> 01:15:01,120
what what are all the things 
they say about us? 

1462
01:15:01,120 --> 01:15:04,080
Like we're financial criminals, 
we're domestic terrorists. 

1463
01:15:04,080 --> 01:15:06,560
Like we're we're all we're 
psychopaths. 

1464
01:15:06,560 --> 01:15:08,640
We're we're only here to launder
money. 

1465
01:15:08,680 --> 01:15:12,720
Yeah. 
Like really all we're doing is 

1466
01:15:12,720 --> 01:15:15,920
we realize the mechanisms of 
control out there and it is the 

1467
01:15:15,920 --> 01:15:18,000
dollar. 
And look, if you just do a 

1468
01:15:18,000 --> 01:15:24,120
basic, basic research on how 
much the dollar has dwindled in 

1469
01:15:24,120 --> 01:15:27,880
the last 100 years, like it's so
obvious to us that we are 

1470
01:15:27,880 --> 01:15:30,680
getting stolen from and and not 
only in America, just in 

1471
01:15:30,680 --> 01:15:32,560
general, the dollars, the world 
reserve currency. 

1472
01:15:32,560 --> 01:15:35,960
So everyone is getting poorer. 
Why those people in power 

1473
01:15:35,960 --> 01:15:38,080
getting richer and richer and 
they're trying to consolidate 

1474
01:15:38,080 --> 01:15:41,000
all the resources and all of us 
bitcoiners are just kind of 

1475
01:15:41,000 --> 01:15:43,880
like, hey, we don't have to take
this abuse anymore. 

1476
01:15:43,880 --> 01:15:45,760
Like this doesn't have to 
happen. 

1477
01:15:46,000 --> 01:15:50,720
And yet they still continue to 
try to roll out more and more 

1478
01:15:50,720 --> 01:15:53,760
things to control us. 
And it's just like, man, it 

1479
01:15:53,760 --> 01:15:57,240
really, it really does feel like
this is the final battle. 

1480
01:15:57,240 --> 01:15:59,400
At least we're in the early 
stages like this did. 

1481
01:15:59,400 --> 01:16:03,520
The war is happening now and 
it's happening in, as as Nolan 

1482
01:16:03,520 --> 01:16:05,720
was saying earlier in in a 
psychological manner. 

1483
01:16:05,760 --> 01:16:11,360
It it is all an attempt to just 
psyop the masses into basically 

1484
01:16:11,360 --> 01:16:14,640
enjoying their slavery. 
What's the Klaus Schwab tweet or

1485
01:16:14,640 --> 01:16:16,360
quote? 
You know, you will own nothing 

1486
01:16:16,360 --> 01:16:17,640
and be happy. 
And we're just sitting here 

1487
01:16:17,640 --> 01:16:20,640
like, no, we're gonna own 
Bitcoin and be extremely happy. 

1488
01:16:20,640 --> 01:16:23,760
Yes, we're gonna own nothing 
other than Bitcoin, but other 

1489
01:16:23,760 --> 01:16:27,040
than that, like life is good. 
And hence why I did in the chat.

1490
01:16:27,040 --> 01:16:29,960
You know, has your life improved
while you've personally been on 

1491
01:16:29,960 --> 01:16:32,480
a Bitcoin standard? 
Just 'cause we constantly see 

1492
01:16:32,480 --> 01:16:34,600
this happen. 
It happened for Nico and I. 

1493
01:16:34,600 --> 01:16:38,000
It's happened to all my friends 
that are bitcoiners. 

1494
01:16:38,000 --> 01:16:40,600
It's like, as Nolan said, and I 
really love how he said it 

1495
01:16:40,600 --> 01:16:44,760
earlier, It's like once you 
start to save in Bitcoin, you 

1496
01:16:44,760 --> 01:16:47,640
can unplug from all the madness.
You you don't have to 

1497
01:16:47,640 --> 01:16:51,560
participate in the clown world. 
You don't have to participate in

1498
01:16:51,560 --> 01:16:55,160
the circus that is mainstream 
media politics in general. 

1499
01:16:55,320 --> 01:16:59,960
You just save in Bitcoin and put
your mental energy towards the 

1500
01:16:59,960 --> 01:17:04,200
things that you enjoy. 
You unplug you you, you know you

1501
01:17:04,200 --> 01:17:08,000
create things you want to see in
the world and you live the life 

1502
01:17:08,000 --> 01:17:10,760
that that we were all promised 
as kids, as children. 

1503
01:17:10,760 --> 01:17:14,000
You know growing up in in a in a
free to minded world, you know 

1504
01:17:14,000 --> 01:17:17,280
the the white picket fence, the 
dream of hey, if I bootstrap 

1505
01:17:17,280 --> 01:17:21,000
myself, if I work hard, I can 
live a good life And that's been

1506
01:17:21,000 --> 01:17:22,800
stolen from everyone in the 
world. 

1507
01:17:22,800 --> 01:17:25,760
Not just Americans and and not 
just people in the first world. 

1508
01:17:26,040 --> 01:17:29,520
Every single one of us is 
feeling the problems of Fiat 

1509
01:17:29,600 --> 01:17:33,160
debasement and we're seeing this
play out in real time. 

1510
01:17:33,160 --> 01:17:36,400
This is why so many people are 
so pissed off. 

1511
01:17:36,400 --> 01:17:38,440
This is why everyone is 
protesting. 

1512
01:17:38,440 --> 01:17:41,880
This is why you feel this If 
you're not in Bitcoin, if you're

1513
01:17:41,880 --> 01:17:45,120
in in normal popular culture, 
This is why you feel that 

1514
01:17:45,120 --> 01:17:51,480
nihilism that just like straight
demoralization of culture, is 

1515
01:17:51,480 --> 01:17:53,040
because we are all getting 
poorer. 

1516
01:17:53,040 --> 01:17:55,520
And most people don't know that 
there's a solution to this. 

1517
01:17:55,520 --> 01:17:57,960
They they Most people don't even
know they're the problem. 

1518
01:17:57,960 --> 01:17:59,440
They don't even know what's 
going on. 

1519
01:17:59,440 --> 01:18:01,920
Like they just think like the 
world, that's the way the world 

1520
01:18:01,920 --> 01:18:03,320
is, that's the way the cookie 
crumbles. 

1521
01:18:03,320 --> 01:18:06,280
And it's like that's, that's, 
you know, that's where Bitcoin 

1522
01:18:06,680 --> 01:18:09,040
really changes. 
And we actually released a poll 

1523
01:18:09,800 --> 01:18:12,880
asking the audience, has your 
life improved on the Bitcoin 

1524
01:18:12,880 --> 01:18:17,680
standard? 
61% of you said yes, 33% of you 

1525
01:18:17,880 --> 01:18:20,840
said not yet, and 4% of you said
no. 

1526
01:18:21,120 --> 01:18:23,440
And then not yet. 
It's just that they just started

1527
01:18:23,440 --> 01:18:27,120
stacking, yeah. 
Like like I look and This is why

1528
01:18:27,120 --> 01:18:28,480
we don't really talk about the 
price. 

1529
01:18:28,480 --> 01:18:30,840
Like we say the price in the 
morning but like we don't pull 

1530
01:18:30,840 --> 01:18:33,960
up charts and whatever. 
Like I swear to you adopt 

1531
01:18:33,960 --> 01:18:36,120
Bitcoin. 
Hold it for a minimum of four 

1532
01:18:36,120 --> 01:18:39,400
years and you will see your life
get better, right. 

1533
01:18:40,600 --> 01:18:44,520
You got to get out of that Fiat 
mindset that Fiat matrix and get

1534
01:18:44,520 --> 01:18:47,760
into get on a Bitcoin standard 
and and just everything that's 

1535
01:18:47,760 --> 01:18:51,520
cheaper your life gets better 
you're you think more long term 

1536
01:18:51,520 --> 01:18:53,360
you get more optimistic about 
the future. 

1537
01:18:54,440 --> 01:18:58,040
You know I'm telling you it's 
it's it's really really really 

1538
01:18:58,040 --> 01:18:59,720
useful. 
And I completely agree with 

1539
01:18:59,720 --> 01:19:01,280
Nolan. 
He had an incredible take. 

1540
01:19:02,160 --> 01:19:05,920
Once the rest of the world is on
that I think we're going to see 

1541
01:19:05,920 --> 01:19:09,680
a a renaissance in humanity. 
Like, I can't wait for that time

1542
01:19:10,680 --> 01:19:13,520
because I think it's going to 
bring out the best in humanity 

1543
01:19:13,520 --> 01:19:16,160
and it's going to be awesome. 
I can't wait for that future. 

1544
01:19:16,520 --> 01:19:17,960
Hopefully I see it in my 
lifetime. 

1545
01:19:18,320 --> 01:19:20,600
Anyways guys if you enjoy. 
The show so bearish. 

1546
01:19:21,080 --> 01:19:23,360
Anyways guys, if you enjoyed the
showing you what to do, smash 

1547
01:19:23,360 --> 01:19:25,600
that like button. 
Consider subscribing if you feel

1548
01:19:25,600 --> 01:19:27,480
like we provided you value. 
But the number one thing you 

1549
01:19:27,480 --> 01:19:30,160
could do to help push this 
peaceful Bitcoin revolution is 

1550
01:19:30,160 --> 01:19:32,240
share Bitcoin content. 
Share Nolan's content, Share 

1551
01:19:32,240 --> 01:19:34,360
simply's content. 
Share Bitcoin content in 

1552
01:19:34,360 --> 01:19:36,320
general, we got to win over the 
culture. 

1553
01:19:36,520 --> 01:19:39,680
Share, share Bitcoin music, 
share Bitcoin, podcast, share 

1554
01:19:39,680 --> 01:19:41,400
Bitcoin everything. 
That's how. 

1555
01:19:41,560 --> 01:19:45,080
Make the arts guys. 
Make the culture, participating 

1556
01:19:45,080 --> 01:19:47,200
and propagating the memes and 
the signal. 

1557
01:19:47,200 --> 01:19:50,440
This is how we win. 
Let's make America optimistic 

1558
01:19:50,440 --> 01:19:55,320
again. 
I think that's the that's the 

1559
01:19:55,320 --> 01:19:56,840
line. 
We're moving forward. 

1560
01:19:56,840 --> 01:19:58,480
We're moving forward. 
Don't look backward. 

1561
01:19:58,480 --> 01:20:00,440
We're we're building the new 
world as we speak. 

1562
01:20:00,480 --> 01:20:03,880
Vote Opti 2024 anyways. 
It wouldn't work. 

1563
01:20:04,040 --> 01:20:08,200
Oh wait, wait wait, wait before 
we go, Nico shouts out to our 

1564
01:20:08,200 --> 01:20:10,800
sub. 
Stack shouts out to all. 

1565
01:20:11,320 --> 01:20:13,720
The. 
Subscribers it is growing. 

1566
01:20:13,720 --> 01:20:17,480
Shouts out to our boy Zach 
that's been dropping hot fire. 

1567
01:20:17,480 --> 01:20:21,240
He's got a running narrative. 
I love the voice that he is is 

1568
01:20:21,240 --> 01:20:24,280
cultivating over there. 
We just dropped I I think this 

1569
01:20:24,280 --> 01:20:26,760
might be one of the best 
articles we dropped on our sub 

1570
01:20:26,760 --> 01:20:28,080
stack. 
It's a fireside chat with 

1571
01:20:28,080 --> 01:20:31,720
Bitcoin and it. 
I think it's so like it's such a

1572
01:20:31,800 --> 01:20:35,880
a sweet framing of what is going
on in the Bitcoin space and and 

1573
01:20:35,880 --> 01:20:37,720
what we're all doing here as 
individuals. 

1574
01:20:38,160 --> 01:20:41,400
Read it and share it to your 
friends because it really goes 

1575
01:20:41,400 --> 01:20:45,320
from point A to point B and I 
don't know like maybe 1500 words

1576
01:20:45,320 --> 01:20:46,560
or something, I don't know, I 
didn't count. 

1577
01:20:46,560 --> 01:20:50,760
But it really really in my 
opinion frames what's going on 

1578
01:20:50,760 --> 01:20:54,800
here in a very, very sweet way. 
So shout out to everyone 

1579
01:20:54,800 --> 01:20:57,160
subscribing to our sub stack. 
We love you guys. 

1580
01:20:57,160 --> 01:20:59,760
We're gonna go super hard in 
2024 and give you guys that 

1581
01:20:59,760 --> 01:21:02,360
signal We're on. 
We're on the mission. 

1582
01:21:02,640 --> 01:21:04,000
We're on the mission. 
Absolutely. 

1583
01:21:04,360 --> 01:21:05,560
All right, everybody. 
Love you guys. 

1584
01:21:05,560 --> 01:21:08,440
We'll see you tomorrow from any 
episode of Simply Bitcoin Live.

