I don't believe sufficient ever have a good money against before
we take something out of the names of governments, welcome
back everyone. We're simply Bitcoin.
We break down the news. The daily fail meme review,
software releases Hardware releases and the websites by
plebs joining us today. Fellow bitcoiners.
We've got Carla and Walker the crypto couple.
That's right. But first, we are diving into
the numbers. Let's do it.
Nick. Co brought to you by Bitcoin
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Bitcoin 2022. At the time of this recording,
the block height is 727 1949 the Bitcoin, price 40, 2215 chain
rewrite days 760, total public lightning capacity still
climbing. 3520 9.45, Moscow, time 2374, Four blocks to the
having 112,000 51 and the samurai Whirlpool.
Unspent capacity, Samurai Whirlpool is a coin joint or
collaborative spend service. They've got 4480 4.80, 9bt, see
in that pool, Nico the numbers. Keep saying it keeps saying that
unspent capacity because I suspect it will become illegal
one day's. Bitcoin.
Not dead again. It's not dead yet.
Phil but - I thought this should
be interesting. I got an email from a pleb and
he had a very interesting question.
I think that we could all add to it so I'm gonna pop it up.
So you guys could see it tomorrow live, but I'm going to
read it during from my phone during the recording.
But anyways says, Hey Brother, how's it going?
My name is, I'm replacing his real name with Satoshi.
So, nope, you know what? That might be a little
confusing. Let's go with Bob Bob.
Okay, there we go. And he says, Hey Brother, how's
it going? My name is Bob and I'm looking
to get into Bitcoin. I'm really enjoying your show.
The reason I'm writing to ask you about Bitcoin is because
it's clear from your show that one of the main concerns is
Liberty. It's absolutely correct.
I'm up in Canada and as you can see, privacy is getting more and
more important. Every day.
I got a real kick out of the response from nunchuck to my
Provincial Court. If you guys don't understand
that reference, that's when the Chuck this company, basically
told the Canadian government. Hey listen, we don't have access
to that Bitcoin, etc, etc. Is that a good place to start?
I read about Samurai wallet. Is that a better option?
I have no idea. I understand I should create a
node first. Anyways, I'm a complete Noob.
Any pointers would be greatly appreciated.
Thanks for your time. Take care, fellow pleb, Bob Bob.
Excellent question. A lot of a lot of stuff to
impact their. Okay?
So, first and foremost, first thing that you should do is take
self custody of your Bitcoin. A lot of people get caught up
with the Privacy stuff. The most important thing, number
one thing that matters is taking sole possession of your Bitcoin,
that means buying a hardware wallet.
And, you know, writing down those 24 words that the part
where wallet, you know, randomly generates for you, right?
And you put those 24 words in a very safe place.
Ideally, you'd like, to back them up in metal just in case,
if you want to be super hardcore and then take all your Bitcoin
off exchanges, put it on there. Now I'll get to privacy lost.
The reason that you'd want to run a node is if your are using
that Hardware wallet and you're connecting ledger to like Ledger
live or you're connecting ledger to electrum server, right?
Or you're connecting ledger to anyone of blue wallet if you're
not using your nose, Node, you're using their node.
Meaning you're exposing all of your Bitcoin addresses to them,
so that they could theoretically know they could submit my shoes
by okay. This person has this much
Bitcoin and I know his IP address, if you run your own
node and you connect it to one of the many Hardware or software
wallets, which connects to your Ledger.
You're not trusting anybody. No one knows what your address
is. Are in fact, when you send a
transaction you're sending that Through torso, no one even knows
where that transaction occurred from.
Right? So, but the the, so there's two
things and then the Privacy stuff.
Listen, I think it's important. You know, it's good to you know,
I guess if you are privacy, privacy Centric.
Personally, I just worry about taking self custody.
I definitely worry about running my own node.
If you wanted to do some shady stuff on the internet, perhaps
maybe privacy thing could be more important.
Portent, I think at this moment in time, I think though, if you
properly self, custody your Bitcoin, you take advantage,
take advantage of multisig of separating, your seats in
different geographical jurisdictions.
I think that is the most important to thing to do.
But anyways, Phil, what are your thoughts on this to Bob?
Just the bottle? Yes.
To Bob, of course. Okay, so for the node, I mean,
look, you gave a lot of great advice with the, you know, the
hardware wall itself sovereignty.
So I'm not going to go over, you know, taking Self custody of
your Bitcoin. So I'm not going to go over that
piece but in terms of a node a lot of times people get confused
because there's so many different node flavors and they
want to know what the differences are at the end of
the day. It's really going to be a matter
of partially your technical capability.
Number one, number two, the price point that you're willing
to pay number three, the type of user experience that, you know,
that you want to have. So you know in my case I run a
my node, I also run a raspy Blitz I also run an umbrella.
I also run an embassy just because I like to run all these
different flavors of nodes and I enjoy going through all the
different you know user experiences.
I would say for you know someone who's a total Noob, I would
probably you know suggest something like like a my note
but now moving on to the the Privacy aspect.
So look privacy is really difficult because it really is
also a matter of your capability your preference.
And how much commitment you're really willing to make to
privacy because privacy, is not that simple, right?
Like we, obviously, like, you know, we see a lot of privacy
LARPing and stuff like that, you know, because people are online
and they're talking about privacy, which is fantastic.
We can't not talk about it. It's very important.
And we should absolutely have a right to it.
But at the same time, it's, it's very difficult.
So, you have to decide what degree of privacy you're going
to. Have and how comfortable you are
with it. I think to me, anyways, that's
the best answer. I can go to sleep with at night
and one of the best ways, if you really concerned about privacy,
instead of thinking about the coins and all that, run your own
note, like it that like that already you're 90% good at that
point, right? If you, you know, want to put a
tinfoil hat and you really, really privacy Centric.
Then perhaps you can go into the coins and stuff, but just by the
mere fact of taking self custody, Writing your own node.
That is already in itself, a lot of privacy because once you run
your own node, people don't know who your transacting with.
They don't they have no idea, right?
They don't even know if you own those keys.
Per se, right? Anyways, the crypto couple.
What? Are your thoughts on this
question? Bye.
Bob. Well, the fact that Bob isn't
talking about a node. What is already talking about
nodes like this are you Bob Bob Bob wink wink.
You are like already so far apart.
Finally, a new lot of big Corners like this Bob not even
own any coins yet, because if so, this is even more and now
I'm suspicious honest. Now I'm like his father's.
I don't know, just getting I'm getting.
No, I think that I'm just, you know, you guys nailed it.
First of all, the biggest thing I would say, like at least for
me when I was getting started out was I want to try to figure
out what is the easiest way that I can get like a minimum viable
product in terms of security, right?
Like, how can I as I'm starting out and especially maybe Putting
in too much right away, I'm putting in maybe it's, you know,
a few bucks a week. Now, this is fairly recent but
now I have a stack of different Hardware wallets because I fears
like to play around with them over the course of the last
several years and it's fun. I'm in terms of nodes, I run an
humble but I started with a raised by Blitz similarly to you
just because I thought that's a really cool way to actually get
my hands dirty with and we just had one laying around and yeah.
Yeah. I think the fact that you are
already asking these questions and that you're already thinking
about not just okay, how do I buy Bitcoin?
But how do I securely custody? How do I securely?
Verify my Bitcoin. You are already multiple steps
ahead Bob. So you're already on the right
track best thing you could do. Would just number one thing.
Get yourself a hardware wallet and you're already farther
ahead. Further ahead, pardon me, then
most people will be. And then one thing I want to add
to that is just to Number two do like Security reviews every once
in a while because for the most part he handles a lot of that
and then like we'll go and have review sessions where like all
go through things like uncertain weekends but you know it's just
good to keep a refresher because you know it's steps.
It's tough you're fully responsible for that.
If you mess it up, it's on you. So it's in your best interest to
just you know grab some training on itself.
Custody is amazing. Like it is incredible that we
have for the first time in history, an ass.
Set that is Encompass cable. We just got from back from them
Compass capable conference. That word is still in my head.
Yeah. But this is something that you
can truly have custody of her like no other asset that you
own. I don't you can name any asset,
you cannot own it the same way that you truly own Bitcoin, but
with great power comes great responsibility.
So you have to make sure don't overcomplicate your setup and
end up screwing yourself over. Keep it simple, stupid.
And first, you know, do what you need to do, but Of the fact that
you're already asking about these things which are not
complex to set up, but are complex things to start to think
about like nodes like self custom, like other deeper
privacy things, coin Choice, you're on a great path already
but yeah, Bob exactly, Bob, I heard it.
I hope I hope we answered your question, brother.
I just want to say though, I thought fill a nice chemistry
was All-Star, but you guys. Holy crap.
You guys are finishing, each others.
Jokes and comments. And that that that was awesome.
That's something like 20K for like 12 years better.
Be able to finish a few sentences.
It's a pleasure to see because you're not used to it, you're
not used to seeing this, you're used to, you know, it's
strangers, interacting with each other.
So the dynamic isn't there, you know, and then I sit with you
guys immediate. I'm like damn, these guys are
Pros. So yeah we're married or
something hahaha. Yeah, maybe maybe that's good.
Like I get packages in the mail and I'm like, what are all these
like fire Ruth bags and you're like, what are you doing babe?
I'm like okay if you don't giant fireproof bags, I'm like Faraday
bag knives and weapons throughout your entire house and
that is probably the best thing you can do to prevent against
the five dollar wrench attack. Yes.
Most realistically the biggest attack Vector, that's what I
worry about. Like the five dollar budget act
like As a, he's an all-woman to more likely situation then
somebody finding a way to break through your like they're not
going to crack your Hardware wallet.
Yeah. Somehow crack a cloud-based you
know hot wallet maybe but they will not crack anything.
If you got a gun pointed at, you know, II, completely agree, and
I think that, that really, because that really emphasizes
something that I think that a lot of people getting into the
space, get absolutely wrong, which is like, oh, someone's
going to pack my stuff? No, no.
What they're going to do is I'm going to show up which is why
it's called the five dollar wrench attack.
They're going to show up to your house.
If they know where you live, they're going to come up with
the five dollar wrenches and put it over your head and say, hey
give me your crypto, so there's many ways to protect it.
Look, there's no perfect solution.
There is what the crypto couple was suggesting, which is
basically, you know, fi, you know, load up, I live in a red
state. So that's something I do
personally myself, you could also however, take advantage of
multisig and you can geographically separate your
seeds. He's so even if an attacker does
get you, you could literally look at him and says, bro, I
can't even give it to you if I wanted to because I have to
drive to another location to completely sign that
transaction. So it's ready to broadcast.
So there's many winning different ways to get into this,
you're just at the beginning of the rabbit hole but Bob, we hope
you answered your question. Anyways, fill with Bob go Bob.
Phil, it's time for the daily fail.
Brought to you by Ember app. Check them out.
It's a Stacking app by actual bitcoiners.
Low fees. Fair spreads smart automation.
The link is down below ammo. Smart ways.
That sounds. Alright, everyone got some
pretty bad fails. Today we're going to dive right
into it. Here we go.
This is the first one. This is a tweet from Snoop Dogg.
Now personally being a child of the 80s and having grown up, you
know, in the perfect time to hear when doggystyle came out
when dr. Dre's, The Chronic came.
Out. This this is very this is very
sad. This is very sad, not
surprising, not surprising, but sad, let's let's, let's listen
here to what Snoop had to say. Right now, the number one, two,
three spot belongs for Snoop Dogg the nft community.
I appreciate y'all. I love y'all.
Thank y'all for support. Okay?
Okay, that's enough of that for now.
So look. We always, you know, we always
say this about the shit coiners. The problem with Bitcoin is that
they can't make it about them, right?
They have to actually contribute to bitcoin, they have to provide
value. They have to figure out how to
properly create something that other people are actually going
to want to use or be a part of or interact with, and it's not
even theirs entirely Bitcoin is everyone's.
But when it comes to the shit coining, it's all theirs.
And look, as much as I love Snoop Dogg, this is a fucking
fail. For I move on to the the next
one because it does get. It does get hotter, right?
The next one's going to be pretty next.
One's going to be pretty hyperbolic.
Does anybody have any comments on?
Yeah, look real quick. Dude, how much are they paying
him? How much are they playing Snoop?
That's the only reason he's interested in this.
You know, that's the only reason that the celebrities are
interested in this. We've shown you examples of like
Solana Labs, reaching out to me personally.
Hey, would you like b v to be a? So it's like that's the scam,
right? They get high profile people,
they get in. Influencers.
They pay them under the table to promote these n FTS and to make
you think that they're buying, it just like the rest of just
like the rest of us. But in reality, they're, they're
yeah, they're getting. They're getting a little shekels
under the table. I'll just say that, right?
So anyways, Carla, what are your thoughts on this?
Well, it's funny because the other day, like I got a DM and
like, I'll just turn to Walker because we have like separate
dust and I'm like, I just like got an offer to be like, in a
Documentary about like Snoop Dogg.
And if T's like what like a good look at him just like we still
have day jobs, right? So I look around like, what?
But I'm like this is like when people clearly don't look at any
of the stuff we do because they would know that we don't do
anything like that. So it's just like, if you're not
gonna do the research, I mean, here's the thing for me it's
like I am all about artists especially up.
Yeah, I mean ones, screw labels fairly for the amazing fucking
work. Yeah.
Labels are getting screwed over by these labels to every song
Going Back, 100 years until that cut offense.
Works like a statue limitations up and now you can use it right
spray. So like 1921 music I'm coming at
you. Ha, ha.
Ha ha ha. It's true.
But it's just a new money Steven.
There is absolutely, but I don't think that the solution is
solving it yet really Yeah. Like there is the potential for
it, but this current implementation of what people
deem as a solution is not necessarily doing it.
Now, there are also artists who are talking about how these
things are being beneficial to them right now.
And I'm very glad for that. But what is like the long-term
sustainability of this and how much damage are you potentially
doing, two technologies that could be useful in the future,
by the way that you are promoting them now, like, we all
agree that artists should be paid more than labels shouldn't
have these massive Massive amount and not just you know,
musical artist but you fucking art artists to like today them
to get paid more to play Devil's Advocate though.
Like the celebrity element that is coming into it, which is
Snoop, which is Paris Hilton, which is whoever you want to be.
You have people coming up to us, asking us about an EFT.
He's like we have friends and then we start to talk to me
about Bitcoin like will sort of guide them once they come up to
us because we're not trying to be like some Jehovah's
Witnesses. Right.
We're not going up to all of our friends being like, this is what
you should do just most, but if someone comes up to us being
like, Oh, I heard about this, I have tea or like, I want to buy
the sine of T. We're gonna be like, well let me
tell you about Bitcoin. Yeah.
So I think the celebrity element is actually at least priming a
really large group of people that is going to be really
important going forward. That's the thing.
Like Remember when like, you know, week Witherspoon, you
know, came out and was like, think what came out and you have
started putting stuff out there lover.
Think she's fantastic but found it very telling like this was
the entry point that she found into the industry, right?
This is where she found her little Nexus.
Little local doesn't want to capitalize on it.
Yeah, actually. So right people love money.
This is not not new like money is like glitter in the Bedrock
of everything we do. It's how we measure our time and
energy but it's it's interesting that this is the place that a
lot of celebrities are coming in.
You know, it's not interesting and obviously a lot of athletes
coming in on the Bitcoin side first, which I think is very
interesting because athletes that's proof of work, right?
And you're an athlete. That is proof of work.
You did it innately? You have to work for everything
you have right now. Yeah.
I agree.
It look, I definitely think that it was, you know, with all the
the road to hell is paved with good intentions, right?
But it's clearly been completely Taken over by these VCS by these
companies that are using celebrity endorsements to pump
these digital Deanie babies, but they're not really, you know,
scarce because you could make an exact photocopy of them, and I
just think they're taking advantage of people.
But anyways, ch3, round, we are libertarian bitcoiners after
all. So, if you want to buy some
thing that I can make an exact photo copy of paying a command R
then, So be it, no command-c. I think it is.
Anyway, so what's the next fail? All right, so let's get a little
hyperbolic here, get ready, get ready.
All right, so, oh Jesus, yeah, that's right.
We're going there, right? The The Man Who Shall Not Be
Named anyways, so this is interesting as I was doing, you
know, research for This Time Magazine cover.
I didn't realize. A lot of people think that it's
the cover with him on it, but really, this was the Time
Magazine cover back on. February 2nd, 1939.
And if you take a look at this, this is actually pretty creepy
Oregon. The yeah.
It's from, it's called from the Unholy organist.
A Hime, A Hymn of hate. Okay.
And this isn't actually the fail.
This is just the illustrate some of the complete cluster Fox that
have been on the cover of Time Magazine.
And we're going to, we're going to move on here.
We're going to take a look. We've got, you know we've got
this of Stalin as well 1943 another A great pick okay by
Time Magazine but wizard but wait 2022, move over.
We've got vitalic. That's right, we've got the
prince of shit coins has concerns.
Oh my pretty much should clan castle May tumble.
Anyways, etherium creator, of italic butyrin fights to fix the
world he created. So this is, this is really
interesting, okay, before we before we move onto the Fail and
just want to give everybody a chance to Riff on this, but, you
know, Nico and I were talking about this before the fail and
you know, they can't put Satoshi on the cover, right?
They can't put the even though even though it probably should
just be, like a question mark with, like, a faded Bitcoin logo
or something like that, you know, I don't know, you know,
really, they can't put him on the cover.
But what they can do is put this Affinity scammer on the cover
and by doing this, okay, by doing this It validates this pre
mind centralized garbage to the world and says, hey, this is
just like Bitcoin but it's a little bit different.
This is nothing like Bitcoin. This is complete garbage.
We've already shown you this after the 2016 Deo hack this
thing. This thing failed already, it's
already failed. It's already a piece of garbage.
We show you guys, the wrecked leaderboard and all of the what
is it now over a billion dollars lost in Defy protocols, with all
these stupid liquidity pools. So look, this is just nonsense.
And you know what? This is just another this is
another another time where times got it wrong.
Yeah dude look just real quick, The Innovation with Bitcoin.
Right? Is in this goes back to the
Bretton Woods thing, right? Is that as long as human beings
are able to manipulate the monetary policy, it will
inevitably get corrupted It right.
We started in you know with the gold standard the Bretton Woods
agreement over time, that started to degrade the 1971
right. Took us off completely off the
gold standard. Now we've just been Fiat, right?
And that has happened throughout history.
Many many times back in the Roman Republic, the Roman
Empire. The money started with 85-90
percent silver, towards the end of the Empire, had .00, some
fractional amount, right? So why am I bringing this up?
Because if we don't separate the monetary policy away from
humans, even with the best intentions, it will be
corrupted. Why?
Because absolute power corrupts. Absolutely.
So, while X is focusing on the man, you know, the man to fix
Germany, the man to fix Russia the man to fix money, right?
The man is the problem. You need to take it away from of
the equation completely and only Bitcoin does that.
Anyways. Walker.
What are your thoughts? I mean first of all, that was
poetic and beautiful, like, right?
The man is the problem. I think it's interesting.
Obviously time as a funny history of putting up very
intriguing covers and I get that they're trying to cast cultural
commentary or perhaps I'm being very forgiving here on the You
know, I also like metallic himself, I don't think he's so
evil guy, I think he's just a nerd fucking nerd and he's very
young, still like this kid was working on bitcoin and then
aetherium like a long time ago. So he's been around for a while.
I do however, think that a lot of the people that surround him.
Yeah, are not quite so, purely nerdy and have very very
different profit. The metallic.
I don't think that guy probably really cares about being rich
because he's already insanely wealthy, right?
Like and clearly he's not like spending that money on normal
people, things, I don't know what he's spending it on or if
he's spending it, but like there are also obviously a very let's
say, well connected group of people around him, those
tentacles stretch to all the corners in the world that have a
vested interest in seeing this Theory.
Mm experiments. Seed and their motivations, I
would say are slightly more nefarious and statist if I may
add and this is something like whatever we do comedy.
So, like I think it is a little funny that time put like a
Russian on the cover right now. Yeah, that's true.
It's true. Been going on in the world and
Ward and everything. It's like Time cover.
Here is a Russian vitalik. Ha, ha ha ha ha.
No. And what if they swap change?
Remember though? He went against the he agreed
with the narrative. So he's an OK Russian.
He's an OK Russian. He's a palatable.
Russian will allow him for now until he doesn't say the right
thing. He's allowed to use money.
The other Russians on the other hand.
No no no. They're not allowed there.
Not not the whole country at no no 100 million.
People that it's okay. Anyways Phil, what is the last
fail? All right, let's wrap it up.
Here we go rights right on the heels of showing you and by the
way, I just wanted to mention that I did go and check it is a
proper Link at times.com where you can see that, that article
covers. So it is legit.
It's not a troll, somebody thought it was just a meme.
Anyways, on the heels of this, on the heels of this.
Here we go. Talking about, rug pulls and
scams unlucky. Agave and 100 Finance, defy,
protocols exploited for Million dollars.
Shout out to Lucky. Red fish for tagging Us in this.
That's right, we're all very surprised.
Once again, the attack comes within 24 hours of the news,
breaking of the deuce Finance exploit that's right.
That was a couple of days ago, right, 3, million dollars in the
in the deuce Finance, experts. It very, very interesting name
that they called themselves Deuce.
Anyways. Alright.
So the attacker ran, the exploit continually borrowing against
the same collateral. They were posting until the
funds were drained from the protocol.
My gosh. They drained the liquidity pool.
This is just this is never happened.
We've never seen this anyways. She can cold told coin Telegraph
the similarity to a v meant. It seems top-tier safe but
wasn't and that Bray and that break of trust hurts.
It's like you can't even trust safe code.
This code was never safe. I mean that's that's that's the
problem though that you have to trust.
That's the thing that Bitcoin Is and then these people just like,
anyways, Niko, it's like, looks like they're like this
improvised explosive. Device blew up before it was
supposed to ha. Ha ha.
Exactly. Walker 8.
I mean, it's on the user, right? Javi was used in an unsafe way.
Hmm. So so, you know, it's on me.
What was that user wearing? It's so sad.
That's totally PC that joke I just met.
Justin firefighter, I liked it. Okay, so here we go.
So to wrap it up she could also didn't point the blame at gnosis
for creating tokens with a callback function that the
hacker exploited saying that the feature stops users from
accidentally losing their crypto.
So so I want people to think about this.
Just I want you to think about this for a second.
They made a feature to stop people from accidentally losing
their crypto and the Feature was exploited to steal 11 million
dollars and people lost their grip.
I don't even know. What do you say to that?
That makes it's not a bug. It's a feature.
Hey, I just have one thing to say you guys have heard me this
doesn't happen Bitcoin. Just stick to bitcoin fix a
Bitcoin stick to bitcoin the unicorns and the fucking.
What is this Agave? Or whatever.
They just just gonna get rekt. Anyways, guys, you have some
final thoughts before we move on to the next segment.
I was, I'm just going to agree with you when you say stick to
bitcoin because like I have like a lot of different interests.
But, you know, in a some ways, I'm just a lazy girl.
So, when it comes to, like Ultra coins, whatever it is, like, I
don't have the brain space. I don't want to like with
Bitcoin, like that's all I learned.
That's all I do. That's all I buy.
I said it, forget it. And that's it because I'm lazy.
So like, if you're lazy, just in Bitcoin, don't worry about the
other shit. Yeah, that's true.
Get your purse and you still come out on top.
I'm sorry, exactly. It's like, you have this like
this. Really unique, cheat code.
All you have to do is I press one button Rose doubt.
It's not, like, up down up down a bab, it's like just one button
and it just the Bitcoin button, right?
That's all you do is you just press that button and because
most of the world still hasn't wised up to it, this is a cheat
code right now. Yep, it is.
But you still need the stomach for it and that is something
that, you know, we all have been through.
But obviously people who haven't been to yet, it is still scary.
So Maybe there's something about, like, nursing those times
that will help people. You, you have to, we call as you
have to pay the price of tuition.
And this definitely the first year, second year that you're
getting into the space sucks. Usually what we recommend on the
show, what we say on the show, really takes about three to four
years. To start feeling the benefits
where your look at your portfolio and you're like, holy
crap, I didn't even know that was possible, right?
So yeah, you know, long time preference or you know, you
could try to gamble and yeah, rug pull, you know, those are
your options. But anyways, Phil it's time for
the daily meme review brought to you by Citadel 21.
It's the best Bitcoin cultural scene, it's stories, articles
Comics, by actual bitcoiners. This is volume 10.
This is the artwork. Every volume as different
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To Us by a Having Stein. All right, check it out, Silicon
Valley, literally anything a problem that could only be
solved by creating a really in this is surveillance hellscape.
It's so true. It's so true.
Alright, moving on, to the next one.
All right, this by saying Bitcoin, sometimes guys, we
review pictures that serve as means.
But anyways, check it out, left March 5th 2022, right?
And the price of those water bottles were 339.
And then a couple months later, 390, Nine.
Holy crap. But remember the inflation rate
is only seven point nine percent and this is water.
This is water more than anything else.
I do Walker you sound like an ALT right extremists to be
honest with. I'm sure a radical thought
extreme you year could. You're clearly you've been
watching Alex Jones? Okay?
Anyways, because spouting about Freedom like this dangerous does
he bite? Nobody can hurt you.
In other ways, Republicans have never actually decrease the size
of the government. Ha ha ha!
It's so true. Amen, to that.
Amen to that. All right, okay, God damn it.
Phil, okay, Jay, yes, that's right.
Goodbye by this by ghosts of Stony.
What's miners, really getting into ArmaLite?
Rifle game? Check out the a rm20, can't wait
to take this bad boy to the range and run, some hash and I
think he's making the guy. That came, you know, he makes
his paper that that war is being replaced by a sick, Miners and
plebs are making fun of it and filled makes me review these
memes. But anyways, a look at the
action drama at the end of the day.
It's amazing not gonna lie. That is pretty fucking funny.
Okay. Moving on even though I do like
some of his work. Okay so but you still could find
it funny questioning that. Anyways next one by the anti
woke podcast pal. We're on track to raise rates
seven. Times in 2022.
Same energy 15 days to swim. It's true.
All right.
Next one is by Wall Street, Silver live view of the flood
fighting inflation with 8.25% if and that's a fucking Wildfire.
All right, last but not least, the legendary video.
What put these guys on the radar?
We are about to watch it. Let's check it out.
Move over Bitcoin, it's Gold's time to shine.
Ali harmful to mine difficult to store and even harder to divide.
Rich decadent gold is the best money governments can confiscate
and Banks can manipulate thick toxic streaks of mercury and
silky cyanide pollute and caress ecosystems and developing
countries. But gold is worth the massive
human and ecological toll because you can touch it.
If you can touch it, it has value science.
That's Bitcoin has no intrinsic value Bitcoin.
Only offers a secure Global trustless monetary
infrastructure to anyone anywhere with an internet
connection, but owning gold makes you special.
So let's go back to the gold standard and the typewriter and
the horse-drawn carriage because who wants the future of money,
when you can own a piece of the past, because you're old, Okay,
amazing amazing. Top quality, top quality stuff,
amazing amazing memes. And awesome mean video.
I hope that music wasn't copyrighted because that we're
fucked. No, no, I use Creative Commons.
Okay. Okay.
It's all good. Awesome, awesome.
Yeah, dude, awesome memes. And for those awesome memes
because you said confiscate oval, I'm going to give it an
uncompensated. Skateable goodie bag thing.
This is the ballet actual physical barrier, bonds,
whatever. Anyways, you got these with the
goody bags. Focus, focus, focus, there we
go. You guys Phil, what would you
give those memes? Alright.
Awesome memes. I love love the video.
And actually, the part where, right at the beginning, where do
you see the gold kind of it? Actually even makes you think
you can drink it, I'm just saying.
It reminds me of maple syrup. Doesn't surprise me doesn't
surprise anyone, okay? I'm giving it a very special
score. It's a very unique Niche sticker
made off of a very popular podcasters comments about the
toxic bitcoiners. It is a nerd Castle sticker.
That's all right. To Canto clothes prints.
Those yep. Very good.
Shout out to crypto cloaks anyways.
Carlin Walker. What would you give those memes?
A wiener incredible. Amazing, amazing scores.
I thought I pulled out the big guns but we got a burrito, a
burrito, a wiener. I'm on a burrito and a wiener
and a sticker. Wow man, we got a wiener.
Same thing. We gotta played by the crypto
couple anyways, guys, we want to know if you agree with their
scores, you disagree. Let us know down in the comment
section and make sure to subscribe to us on alternative
video platforms like Rumble.com and our personal favorite
Bitcoin TV. Calm down sensor.
There is Bitcoin TV because his Bitcoin TV, and of course, make
sure to join our telegram group link has some dank dank Bitcoin
memes to review. But anyways, Phil, it's time for
the Daily News brought to you by crypto.
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crypto cloaks.com. All right, ladies and gentlemen,
boys and girls I told you we are in the then they fight you sage
and we correctly predicted that they were going to use the
Russia narrative to try to attack Bitcoin and That's
exactly what the f they did. Anyways, I'm going to shut up.
Let's play this video by the our favorite Bitcoin.
Enemy Elizabeth Warren. Let's see what she has to say.
And then, we will methodically debunk It Anyways, mr.
Levin, let's consider one of Putin's cronies who already has
a billion or so in crypto that he wants to hide from the
government's that are enforcing sanctions on oligarchs.
Now can this Oleg Arc make it harder to trace his money if he
hops from one blockchain to another if he deposits those
tokens into a couple of wallets that don't require him to
provide identifying information and if he uses a mixing service
that launders his money with other people's money, thank you
Senator. So the scenario that you
described where only God has a billion dollars to be able to
launder Wires significant amounts of liquidity, to be able
to obvious Kate that amount of money through the use of
cryptocurrency. In fact, there are many times
we've been able to identify, I'm sorry, let me just remind you
what my question was, again, what I'm asking is about the
tools that are available now, you may have to break it up into
multiple pieces of who knows hundred million dollars at a
crack. But the question I'm asking is
does hopping from one blockchain to another does depositing
Tokens in a couple of wallets that don't require them to
provide identifying information and that's using a mixer because
I was only easier for him to hide his money.
So something that question is, no, because the chain hopping
that occurs, you need to actually provide the tokens,
which in a transparent way that allows you to move across
blockchains. We've actually got software that
allows you to screen happy. Makes it any easier to hide your
money. How about depositing tokens in
wallets? The don't require, I She needs
this. You can always split the money
up into Wallace. That don't require would help
hide the money. And how about using them?
Those that doesn't remove the record of, where the money
actually set the closer house. This game is, does it make it
harder to track the money? No, so it doesn't make it hard,
it's and money because there is things service you're telling
me, does it make it harder to launder money?
The daily liquidity value of mixing Services globally as
about 30 million dollars. And so, therefore it would be
And we have done extensive work in tracking large sums of money
through mixers that have led to the arrests of wellbore and the
disruption of their activity. Know, I'm actually surprised by
your answers since you charge a lot of money to untangle and
track assets through the system. And the system keeps developing
more ways to obscure that money and that's part of what you
advertise. Okay?
So she thought she had a home run because she had the CEO of
chain analysis, which by the way, we're not fans of Because
they make their money, analyzing the chain, analyzing the Bitcoin
blockchain. And what she's trying to do,
which is what we predicted, by the way, two weeks ago is you
hear that if your wallet isn't tied to your identity that
potentially could fund Russia. These mixing services are
dangerous because but wait a second.
And when he started answering the way, that didn't fit her
narrative, Anyways, let's deep, let's dig a little bit deeper
into the bill, but before I want to do that, you guys know that
they'll deal. We are single-issue voters on
this show, we will support any candidate where their Democratic
Republic Ali as long as they stand with the ethos of Bitcoin
and they support Bitcoin. So I'm going to name and these
Senators by name so that you guys remember them.
Because these are the people that are actively attacking self
custody. So First Miss Warren, mr.
Reed mr. Warner, mr.
Tester. Mister missus Duckworth
misstated now miss Wort mr. Warnock mr.
Van Hollen mrs. Smith.
Mrs. Cortez Mastro and mr. Menendez.
All of those representatives are a currently supporting an attack
on bitcoin. So let's debunk this shall we?
This is a this is a post by coin Center.
It says Senator Warren. And a raft.
Of democratic co-sponsors today. Introduced a bill, which will
put down the link description guys.
Titled the digital asset sanctions compliance and
enforcement action which would Place sleeping restrictions on
cryptocurrency ecosystem under the guise of bolstering
sanctions against Russia for its unjustified invasion of Ukraine.
She has done this despite the fact that there is no data
suggesting that cryptocurrency has been used or can mean if
meaningfully be used by sanctioned parties to evade
sanctions despite the fact that Outline officials from the White
House Treasury and the Department of Justice have all
stated that cryptocurrency is a poor tool for sanction of Asian
and one they have well under control.
Let's go through those statements by other members of
government. This is FBI director,
Christopher way Ray. The Russians ability to
circumvent. The sanctions with
cryptocurrency is probably highly overestimated on the part
of maybe them and others, we We are as a community and with our
partners overseas far more effective on that than I think.
Sometimes they appreciate we have built up, significant
expertise both at the FBI and with some of our partners and
there have been some very significant seizures other
efforts that I think have exposed the vulnerability of
cryptocurrency as a way to get around sanctions from the White
House. The scale that the Russian state
would need to successfully circumvent all us and partner
Financial sanctions would almost certainly render cryptocurrency
as Ineffective primary tool for the state.
All right. Next one from treasury, the
scale of what they have to move and where they have to move
things from not crypto, not necessarily going to be.
That concerning said Todd conqueror.
Counselor to the deputy treasury secretary, any attempt to move
that much money through exchanges which contributed to a
bit more of a spike in the crypto Market and my view then
has been observed lately. Nonetheless the bill would place
Sweeping restrictions on persons who build operate and use
cryptocurrency networks. Even if they have no knowledge
or intent to help anyone evade sanctions, he calls for
sanctioning technologists, and users, merely for the act of
publishing open source, software facilitating, communication
among Network. Participants, this is
unnecessary overboard and unconstitutional.
But wait, there's more check this out.
This is from the actual treasury themselves.
The use of virtual assets for money, laundering remains far
below that of fiat, currency and more traditional methods.
Terrorists, use a virtual assets appears to remain limited when
compared to other Financial products and services.
There is no evidence that a proliferation network has used a
virtual asset to procure, a specific per proliferation
sensitive good or technology. So this this video, this attempt
this fucking bill is an attempt to kill Bitcoin to go.
After developers to kill the anonymity of Bitcoin.
To use Ted Cruz's own words because Elizabeth Warren can't
control it by the way. That is also why China?
Recently, banned Bitcoin. Because they can't control it
which is the exact same reason, Elizabeth Warren hates Bitcoin.
The Chinese Communists and Elizabeth war and they both want
to control you, your assets, your savings, your speech, your
life, your children, every decision they want to control.
And so we need to break up. The means of controlling.
The citizenry says nothing to do with evading sanctions because
Elizabeth, Warren knows all of this.
She knows all of those statements.
She's not dumb. But she's taking advantage of
the situation in Russia. To try to play on people's
emotions to pass something that is helping millions and millions
and millions. If not billions of people around
the world, own private property without the fear of confiscation
or debasement for the first time in human history and Elizabeth
Warren is against that. Elizabeth Warren is anti-human.
That's what she is. And she hurt.
She said, multiple times in that video she was Being self
custody, she wants self custody be to be tied to an ID.
Why? Because they can control that
anyways. Moving on, before I shut up, I
know it has been a long segment but this is very fucking
important. This is implications of
outlawing Bitcoin by Gigi and what are those implications and
right and mind you this was really this was written in 2001,
right? And light of recent comments by
legislators and politicians, we must not forget what Bitcoin
does and how it does it. It does what it does.
Bitcoin is text Bitcoin is speech.
Bitcoin is math Bitcoin has no jurisdiction just like two plus
two equals. No George has no jurisdiction.
Bitcoin knows. No borders.
Bitcoin is everywhere and nowhere and if using secure
properly Bitcoin is as confiscated balazs a thought, no
amount of legalese and otherwise complicated language will change
these facts using Bitcoin does not require any special
equipment. We use software, specialized
Hardware, to use Bitcoin more efficiently and in a more secure
manner. But in Theory, Bitcoin could be
run on paper, the following statements are and will always
be true. You can create a private Key by
flipping a coin, holding a private key allows you to
receive SATs and create transactions, creating a
transaction as math. Sending a transaction is sending
a message. Mining Bitcoin is guessing a
number. Everything had Bitcoin is
information. A wallet is nothing special.
It could be it could be just some words in your head you
don't need to you don't need specialized equipment to
generate secure wallet a coin or some die.
This is all you need. If you want to Outlaw an animus
Wallace, which is what Elizabeth Warren was referring to, he will
have to Outlaw this activity, along with all other activities,
to create random numbers, rolling dice, drawing cards,
measuring Optical and Atmospheric turbulence has.
And so on, remember remember this information the this
256-bit number is all you need to interact with the Bitcoin
Network. You do not need an ID or
passport or utility bill or proof of See, you do not need to
be human. If you are in control of a
Bitcoin private key, you can send and receive transactions.
If you want to understand Bitcoin, you will have to
understand that. A wallet can be created,
flipping a coin, 256 times, you can't ban Bitcoin because it's
speech. And what is the First Amendment
of the US for freedom of what speech?
Elizabeth Warren doesn't give a shit about that.
And I think, I think hot in this is the last thing I'm going to
read before I shut the fuck up, Hot or Not describes it
perfectly. Lee yryr, Elizabeth Warren
panties in a bunch Bitcoin, makes cheating and manipulation
and possible on the base incentive layer.
It is a cataclysmic event for politicians.
This is something like Ted Cruz said, which I play a clip of
tomorrow. When you guys see the video,
something that she cannot control and tyrants on.
Both sides are short circuiting at the fact that millions of
people could use money without their hands.
Getting our hands on that money, people could transact freely.
So the Democratic party, and again, we're a political on the
show is supposed to represent the underdog.
You know, who is most heard about inflation.
Elizabeth Warren, lower and lower middle class people that
don't have the wealth to save and assets and real estate.
So if you're against Bitcoin, you are directly attacking your
suppose voter base and you're directly attacking Millions upon
Millions around people around the world that they don't have
sister they don't have Legacy systems like Cuba like
Afghanistan like the Ukraine, they're receiving money from
overseas through their sit through your system, they can't
do that. So that's what your fucking
attacking Elizabeth warrant. You're an anti-human corrupt
psychopath. That's You are you have to be
called out for it. Anyways, I know there's a long
segment but I had to get it all on the table.
Phil, what are your thoughts on this?
I was on mute. It was beautifully done, man.
That was absolutely fantastic. I just want to point out
watching watching, Elizabeth Warren, not get her way during
that interview was, sorry. During that that questioning
period was absolutely fantastic. Okay?
Like that was amazing and you could see that she was
absolutely hating how He was responding which is why she kept
attempting to cut him off and dig deeper into the Nuance
because this is what happens. Okay?
This is what I've noticed by some of like the smartest people
that I've ever watched argue, okay?
What happens is that if they're point isn't actually right,
right, if they just want to be right, but what they're saying
isn't entirely accurate, they use the intelligence to lose you
in the Nuance because it's some point.
They're going to get you deep enough in the weeds that you
could. Me with something that they say
that somehow they're going to report back to what they started
with. So anyways, the other piece to
this is I don't understand how she reconciles, you know, being
somebody that talks about, you know, you know, community help
and Outreach and rights and all this stuff.
How you reconcile that with being completely against
personal freedom, like I don't see how she doesn't see that
because it's not a dude. That's the things it's never
been about sanctioning Russia that you know.
Sorry it was all laid out there. It's not being used for that.
This is an attempt to capitalize on a horrible crisis to try to
go after Bitcoin and I suspected this was exactly what was going
to happen. Phil remember when those
articles first started coming out and like a week or before
the Ukraine thing I'm like dude they're going to use this to try
to attack Bitcoin. Here's the attack.
Out of all people that the head of chain analysis was the one
that made her look like a complete fool.
Anyways, Carla, Carla and Walker.
What are your thoughts on this shabak?
Oh well on the one hand, I totally see how it's about
Bitcoin but I also see it as potentially just being about
personal freedom and privacy because I feel like the US
government will use any sort of attack and capitalize that on
that to remove our freedoms. Arliss of it, the evidence
against it, judging by how a lot of the procedures in travel, and
a lot of other things still are executed today.
So, Bitcoin is definitely large part of it, but I think like,
any thought of personal sovereignty has become so
threatening to the government, which is just so wrong because
they don't give us our rights by they're supposed to defend our
rights. So the fact that us, having some
having our freedoms is threatening to the point where
they will demonize Bitcoin, they will demonize anything that
helps people is really, really concerning and I that's We do
what we do is because we're trying to through humor to get
people to just ask the right questions to realize these
things because it is obvious that is staring you in the face
but people aren't necessarily listening to the voices that are
saying it because it's boring. So we're gonna try to make a
little fun. Am I allowed to swear in here
Caillou absolutely our politicians don't give a flying
motherfuck about sanctions about money laundering or any of this.
If they did every major Bank in the world would be shut down and
leave in. When T1 alone, what 15 billion
dollars in fines was paid fifteen billion in fines was
paid, don't call me an exact number but it's close by the
major banks around the world for money, laundering, and
anti-terror young terrorist financing by the biggest banks
in the world, and she got hit with 15 billion in fines.
How much money do you think they longer?
You have to assume 10 times that at a minimum right?
In terms of the level of Levi of the fine?
The point is that the She's don't give a mother fuck about
what people are doing. It illegally.
They give a shit about controlling their citizens their
constituents. What do you do with your $600?
Yes, Elizabeth Warren. I think the strange thing is, I
agree with her on certain things.
I don't think she's wrong about everything.
She's not an idiot. She clearly knows what she's
talking about about many things. She's very, very vocal about not
wanting people to be trading stocks in Congress, right?
I support that too. Yeah, just buy Bitcoin and said
that's just a currency. That's all good.
Good. But she's very vocal about that.
She's been vocal about Bitcoin and crypto for a long time.
This is just her new attack Vector into this space.
This is the new shiny thing that came about where instead of, you
know, I mean, how long before Elizabeth Warren blames
inflation on bitcoin, like I'm saying have Weevil.
Yes I mean it's going to happen. I think you know it's coming and
again this is why we like to zoom out on this show.
We don't we're not a speculation show, right?
Is about the separation of money and state, right?
And I think Elizabeth Warren is one of those few politicians
that are understanding that her livelihood.
Her racket her ability to take advantage of the money.
Spicket is literally disappearing in front of her
eyes because people are choosing to use an alternative system,
right? So that is what, Isis, there's
no other conclusion, you can get to that.
Elizabeth Warren knows, the White House.
Doesn't agree that treachery the FBI, none of them doesn't
matter, but she still use that rhetoric to a try to attack it.
What is that, what is that? But but not being able to come
to terms with the fact that she can't control the way that
people use money. I think you are so spot-on with
that because what is this? Pushback that we see from the
status from the elites, it is a rejection of the fact that in
the current, okay? So for forever money will buy
Power. This is a fact.
It doesn't matter if it's Bitcoin or Fiat, money will
always buy Power. That's how it works.
Because money is time and energy put into a form that can be
traded, right? But Bitcoin for the first time
does not allow your power to buy you money.
In our current Fiat system proximity to power proximity to
power enables you to benefit from the monetary system that
exists. This is the problem may only
take again, nothing Bitcoin, nothing will ever change.
The fact that if you have a lot of money, you're going to be
powerful. That's just that.
That is a fact. You have the most amount of
resources that you can deploy in discretionary ways.
But but at least with Bitcoin, your proximity to power, no
longer buys you favor in a monetary set is and that is so
important. I think that Elizabeth Warren is
making a massive political Malaysian here.
I think it's I mean, it's the same as what China and I don't
think that support for it on. A China has made a mass like
miscalculations our side. The thing that may actually save
the u.s. from being completely fucking obliterated.
By China is the fact that China is so anti Bitcoin.
I've been, I think it's going to like really, really come in and
shape a new American Renaissance.
I really believe that I think that China thought that they
were going to, you know, have this, you know, they, they they,
they the First time they showed off their scent, their CBD, sea
to the West Was during the Olympics that wasn't a
coincidence, right? So like, yeah, I agree, but I
think that, you know, and I've always said this and people lot
smarter than me in Bitcoin have said, this as well as that
Bitcoins unintended feature is exposing tyrants, right.
And I think that, you know, the Chinese Communist party has
their way Elizabeth Warren. Yeah, I can't come to any
conclusion. I can't come to.
Another conclusion of the fact that she can't stand And the
fact that she can't control this, right?
So but anyways, Phil there was an open source software released
today. Why do you tell everybody about
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notes, guys, don't forget to check us out.
On our Audio. Only platforms Apple, podcasts
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out on anchor FM. Awesome.
Sorry on Fountain dot f m--. Awesome.
Thank you so. All right guys, before we go I'm
going to give a very special shout-out to our thread sponsor
rep heart.com, Phil and I wear the hoodies everyday and you can
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For 10% off. Anything off the rep.
Are.com store. Definitely go check it out.
I also want to give a very special guest to the awesome and
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That was our show. If you enjoyed the show, smash
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to buy money with power.