Yeah, welcome to Simply Bitcoin live.
We are your number one source for the peaceful Bitcoin.
Revolution cover, the breaking news culture Matic Warfare we
will be your guide through the separation of money and state
today is June 30th 2023 and it seems like our friends over at
the SEC. And we got a lot of flak this
morning for the for the title, we put the SEC rejected, the
BlackRock ETF, that's not true. So we did change the title, we
appreciate the plebs and the bitcoiners in the in the chat
for giving us that feedback and get and keeping us honest.
So we change the title to the SEC stops, the BlackRock ETF,
which a lot more appropriate, but at the same stuff is at the
same time, you know, you need to put some click bait in there,
bro. This is I don't make the rules.
I don't make the rules, you know, anyways, it is YouTube.
That's just that's just, that's just how things work man.
That's why the altcoin channels. Get so many clicks and stuff
like that because I don't know. They just don't care whatsoever.
Whatever it takes to get views. Anyways, so that's the breaking
news. We have the Wall Street Journal
article, we're going to cover all of that.
Today, we're also going to be covering an article, it released
on the financial times. Which Opti rightly so calls the
Times. And in that article, they're
making the case for digital currencies in Europe and some of
their, you know, reasonings. And and all that is, just
absolutely hilarious. It's just total COPE in my
opinion. So we're going to cover that and
then follow up because we did cover.
This slightly on yesterday's episode Nigel farage and how he
got D banked. And, you know, Nigel farage was
behind The brexit movement, and he has some contrarian beliefs,
and he has a quite a big of a platform and they'd be banked
him for it. And, but but here's the thing,
you know, and he was complaining and Beauty on said it perfectly
in that tweet that he came out with yesterday that we read you
guys in yesterday's episode. Look, I think it's time to stop
complaining. It's time to take action, right?
It's time to take agency, you know.
If you're upset with the current Financial system, I am, right?
Look, if it wasn't impossible to run a business on a Bitcoin
standard at the moment, I would be everything would be on a
Bitcoin standard my individually.
I'm on a Bitcoin standard, you know, because from, for two
reasons like ideological reasons, like, I know that I'm
holding money that when I take it into self custody, that
actually belongs to me. It's not an IOU and for The
other reason is, you know, I truly believe that the world
would be a much better place a much more fair place a much more
Equitable place. If you know, if we're right
about Bitcoin and Hyper Bitcoin ization happens and that we, you
know, we pull off what we fight for every single day and of
course, this isn't a kinetic War, this is information trench
warfare. So, when when I say fight, I
mean winning over the hearts and minds.
I think that the World would be a much better place for us for
the future Generations. If we accomplish separating
money from State and the reason is simple, no man doesn't matter
who you are, no group of men should have the privilege and
the power because come it's not only a privilege is power that
comes with it of being able to create money for free that
everyone else has to work for anyways.
No more delay. Let me bring up my legendary.
Host, always optimistic. Always in a good move.
Always the smile on his face. He he came out with a Christine
Lagarde. Meme this morning cap.
No, it was like a central bank, digital currency Meme and like
are you and Christy? Okay, you guys fighting back
together. Still talking.
What's going on their dog? I ghosted her but she hit me up.
So I gotta Drake meme, saying the classic Central Bank,
digital currency at Central Bank, digital control.
No, I didn't talk to her, bro, I blocked her number.
Come on, quit, trolling me in the chat, you know, I'm gonna
leave that one. All right, all this stuff is
well and good over here. Like, who cares about this ETF?
I want to talk about our guest today.
I'm bringing our buddy up on here.
Rope AKA R opium, everyone's favorite Nemer every wait,
everyone. Favorite memes that they steal
from rope. He's on the show.
Today, I'm happy to have rope. I think, I think you guys are
going to like this Rabbit Hole story and how you got into memes
and then and then I'm going to troll him out a little bit.
Because, how else would I deal with one of our favorite ship?
Posters on Twitter, if it's not a bunch of trolls.
So, how you doing this morning? Rope doing, great doing good?
Everything's going well for me more.
Happy to be here. Happy to have you on the show,
brother. It's been a while.
I don't think this is the first time, right.
Correct. Yes, sir.
Perfect. Absolutely will do now, he's
official. Yes, sir.
It's official, welcome. Welcome on by Southern gentleman
manners. I have to.
It's yes, ma'am. No sir.
It's I like it. I like it.
It's a good way, man.
It's shows respects. It shows respect, I do bear
apologizing for stealing your memes already.
In tears will take you places where hard work.
Can't beautiful. You hear that?
That's his signal, that's them. Wow.
Like that's something my mom would to.
I feel like that's something up. These mom would tell that the
lat Tomorrow, a lot of Mom's is they know.
So something they'll say something like that.
Anyhow. There's nothing like some wisdom
for rope. There's nothing like that
southern hospitality. Anyways, anyways, everybody no
more delay. Let's jump straight into the
show. We got a hell of a show lined up
for you guys. Let's jump into it.
The Bitcoin numbers brought to you by novel.
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I have, we went to bitcoin 2023. We had a great time Opti Opti
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It was just a great old time. We got to meet so many of you
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If you want it cause a lot of us hang out on bitcoin Twitter,
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human element. Like you can't just, you can't
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It's July 25th through the 27th. You could take advantage of the
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Seems like Clark Moody is is down for Day.
So we're going to be using a different different dashboard.
And shout out to sea. See absolute legend for
developing. This is called the time chain
calendar. For anyone who doesn't know
we're going to go through some some, some different stats,
right? Some different sat, it's
different stats that we usually don't go through.
So first, let's start off with the block height.
The block height is 790 6585, the epoch we're The fourth
Epoch, the current block subsidy is 6.25.
This going to be cut in half of in run in April of next year.
Roughly the current supply of Bitcoin is 19 million .42 sorry
19.4 2 million. Basically, ninety two point
forty six percent of the total Supply.
The SATs per US dollar is currently at 3323 and the
current exchange rate of Blick of Bitcoin.
It fell down to fell about Out a thousand dollars due to the
BlackRock ETF news breaking. It's currently sitting pretty at
30,000 $89 and the average blocked.
I'm currently is nine million nine, nine minutes and 25
seconds which tells me that there's more minor than Bitcoin
miners are going online. So that the hash rate, hash rate
will continue to go up. The next difficulty adjustment
is going to be six point four, four percent and the current
hash rate is 300 And 68 x. Two hashes, bullish, bullish,
bulldozers. Currently there's currently
291,000 on confirmed. Transactions in the mempool.
So if you guys haven't checked out this site, definitely check
it out. Time, chain calendar.
It's a different look. Compared to Clark Moody's and
we're also going to check out ants dashboard as well, which I
think is really interesting, but for today we couldn't access
Clark Moody. So of course, you know,
bitcoiners or just, you know, Owners are always building and
there's so many good so many good resources that we can use
for the numbers anyway. So I kind of want to double back
on what we were talking about yesterday about Nigel farage.
So, Nigel farage was the main proponent of the Brit exit,
which was very unpopular with the continuing are class.
You know, they they're a big fan of this globalist movement and
this person Is against that and he is getting according to him.
He's getting politically persecuted.
He has been debunked. He's having a hard time.
You know? Finding other banks that would
take his business. Apparently they have given him.
No explanation or recourse. We covered this yesterday Beauty
on. Did this beautiful tweet
covering as and I agree with Beauty on, right?
Which is look you can complain and before Bitcoin you were kind
of screwed. Rude but now Bitcoin just opt
out it's going to be slightly uncomfortable.
Like make no mistake like living on a Bitcoin.
Standard is not easy at the moment, you know, there's
awesome, Bitcoin companies like the Bitcoin company that make it
easy to live off your Bitcoin. Of course, there's a multitude
of exchanges, you know, where you could, you know, if you're
in a pinch, you could sell your Bitcoin even though we don't
recommend that. So it's a dollars and then use
those dollars to like pay for / stuff, but we can go says, is
the best advice in my opinion, stay solvent.
You know what, though? The last thing you want to do is
sell your Bitcoin. But you know, Nigel that I know
that a Bitcoin Amsterdam. You were you.
I think you were you had a talk and you definitely said that.
Look, I understand this. This Bitcoin thing is Bitcoins
Freedom money. The government can't control it.
So this is your opportunity. This is your opportunity.
Use your platform to push the peaceful Bitcoin Revolution.
And you know, there's never been a more pressing time because
they're trying to get rid of cash and this is what I want to
cover. Were today it during the numbers
segment, right? So they're trying to get rid of
cash everywhere. It's not just, you know, it's
not just in the United States that they're trying to get rid
of cash in New York City. For example, you can't pay with
cash, you're forced to pay with debit card France, you know,
makes it illegal to pay. There's our headline article for
anyone who's listening to this. It is illegal to pay over 1,000
Euros in cash. 15,000 maximum cash payments for non-residents.
So Your resident. You can only pay a thousand
dollars Euros. Maximum, if not.
It has to be an electronic payment.
Why? Why does it have to be an
electronic payment? Well, it's a lot easier for them
to for them to know exactly what's going on to control the
money Flows at the end of the day.
And then, now, that I've said that, do you see how
incompatible Bitcoin is with their system?
That's that, and I think eventually that's going to come
to head. There's going to be a clash
there as more and more people choose to opt out.
Out, which is this is already. This phenomenon is already
happening in the in the I was about to say third world but in
developing countries. Better said I think that their
their ability to impose these. These these controls is our is
going to be severely diminished, to be honest.
So you know, I don't, I don't know, I don't know what their
we're going to. They're going to plan to do.
I suspect that they're going to react in a hostile manner,
right? Because I just think the two
systems are incompatible in my opinion anyways and this not
just happening with Nigel farage is not just happening in in it's
not just happening in France. This is a Reddit post and shout
out to be our etc' archive for taking a screenshot of this.
He goes on to say the withdrawal of cash refused because
withdrawal of cash refused because I wouldn't tell them
what's it for and this is a Reddit post from an anion and it
goes on to say, Can someone tell me what to do here?
I'm trying to To draw 10K in cash from my Halifax account,
and after an hour and a half of what can only be described as an
interrogation, asking me what I intended to do with the money, I
am being coerced into withdrawal, the bank into
withdrawal. The bank said that they are not
happy to. Let me draw the money out and
refused my request. So and then this kind of goes
back to a tweet that you know that has resonated with a lot of
people on Twitter. Which is if you have to ask
someone else for permission to use your money, then it truly
isn't really your money, right? So, you know, this illusion and
and I get this person's confusion right?
Because he goes there and he's like okay this is my hard-earned
money. I'm putting in a bank bank
please you know, please give him my hard-earned money so I could
spend any. I just need it in cash in the
bank says no. Right.
So think about that for a second, that is his money.
He worked for it. But the bank is telling him how
he can and how he can't use his money.
And then connect that with Nigel farage and then connect that
with the news coming out of France.
This is why I say and I'm not hyperbolic.
When I say it hyperbolic when I say it, it is Bitcoin or
slavery. This is the world that they want
us to live in a world where a bureaucratic Elite get to
control the money flows. Get to control the money supply
get to in, get to control who's entitled to use money, who's not
entitled to use money with the current, you know, sanction,
sanctioning regime system. And what the world of bitcoiners
are advocating for is a world of peace prosperity Freedom where
no man has the ability to control the money flows where no
man has the ability to create money for free where no man has
the ability to censor. Another man and tell another
man, what he can and cannot do with their money.
But this only works if you take Bitcoin into self custody, if
you don't take Bitcoin into self custody you find yourself in a
very similar situation that this then this gentleman from the UK,
You say, hey mr. Exchange can I have, you know,
can I have my Bitcoin or like? Yeah, 99% of the time, they'll
probably say yes. But sometimes they'll say no,
but when you have Bitcoin itself cussing, you're doing it
properly, you don't gotta worry about that.
So the writing's on the wall, they're trying to get rid of
cash, you know, don't don't, don't fall for for that, that
that BS. Don't do it.
You know, take take, take a little bit of time, learn some
personal responsibility and learn how to take Bitcoin into
self custody. It's not that hard.
And shout out to, you know, a brother of ours BTC sessions.
He's dropping some amazing tutorials.
He literally, you could literally ask YouTube how to
take Bitcoin into self custody. He'll walk you through the
entire freaking process. You do not have an excuse at
this point anymore. And before, you know it, you
might find yourself in a situation like this.
Gentleman, trying to withdraw cash in the UK or even worse.
Like Nigel farage, who's been completely debunked because of
his political Viewpoint. Anyways, Opti, what are your
thoughts? And then we'll move on to rope.
Yeah. Well, first and foremost, the
field cartel are the best marketers for Bitcoin.
They just, you know, they on Bank the bank and then hopefully
they wake up and they go into Bitcoin.
So the Streisand Effect happening in real-time love to
see it, but on the Nigel news, I don't know if I said, This
yesterday, but imagine talking at a Bitcoin conference and not
having any Bitcoin, like can't relate.
I mean, actually I lost all of mine in a boating accident.
So I also have no Bitcoin and I just talked about Bitcoin every
single day, but the cashless Society is coming sooner than
people would want to believe. Remember, we are in the last day
of June and allegedly fed now is coming next month.
So hello guys. It's here.
Welcome to the cashless society that they want for you and then
let's not forget about China. They've already rolled out.
Central Bank, digital control mechanisms.
So I think a lot of people don't realize and then furthermore,
like, I don't know about you. But hey, look.
I use I use a card most of the time like it's already basically
cash this where I am for the most part I hardly ever see
cash, but to your point, you know, I'm a double down a little
a little harder than you did Nico.
Like it's not your money when you give it to your bank, it's a
loan that you gave to that bank and they can go do whatever they
want with that money. As we saw in 2008 as we saw this
last, Year, the banks are bigger degenerates and shit Corners out
there and they trade away all your money and then say, oops,
he's, you know, it's fdic-insured.
Will just print some more money. So again, I think I said this
yesterday or maybe a couple times this week, don't leave
more money in the bank than you're willing to lose.
I know, I am like a caveman with the idea of like, keep your bed,
are your bank, your money, under your bed, but that seems like,
legitimately the safest place for your money.
I know you guys want to get some kind of interest on your Money.
But like there's not much money that they're giving out for you
and the liabilities. I don't know if it's worth it.
Man, you're going to give your bank your entire savings.
They're going to lose it all and they're going to what offer you
like .5 percent or something ridiculous for them to hold your
money? I don't know.
It seems like a scam but, hey, maybe I'm an extremist.
I'm the big corner where it's like, yeah, I don't know that
that doesn't feel like a good deal but, you know, again, maybe
I'm so far down the rabbit hole that I understand taking my
money into self custody is the best way moving forward because
I don't have to trust people. It's very simple, but then
again, I've had a piggy bank, my whole life.
So maybe I've just been primed for this, you know, I always
take my money into South custody and I've never trusted Banks
since I was like 13. So maybe I was born a big
corner. I don't know.
Anyways. Yeah, dude, I mean, you know,
maybe maybe maybe was always out maybe there were so always
something there. Anyways guys, help.
Smash that like button. Help us get to 100 likes by the
end of the video. We've been on a roll, we've been
able to do that. The last 56 days.
Thanks to you guys to smash that like button.
Smash It smash. The boom, right.
Anyways. Rope, what are your thoughts on
on opt? He's comments.
A couple things so I haven't really been keeping up with
that. With the Neal story is kind of
news to me, but the cashless Society is for sure coming.
Just like from my own personal experience, I'm like, a lifetime
restaurant worker. I grew up in one, I started
cooking it one at a young age and then I moved on to serving,
you know, 2016 15. I would get my credit card tips.
At the end of every shift, I would go To the register,
whoever the manager and they would give them to me instantly
and cash is so little, you know, minimally use these days where
the one I'm working at. Now if I don't get my credit
card tips, I only get cash if somebody pays in cash so I'm on
like a little too weak, you know, pay schedule for them.
So it's already trending that way as far as the the under the
mattress comment. Yeah, it's definitely I like The
idea of cash, I understand that the dollar, the Euro, whatever
is this? It's a shit going, but for like
instant Anonymous payment, I still like that idea.
Obviously there's things like lightning that it's, it's coming
along, but, you know, I wouldn't say that's ready for for
widespread use by any means, but the idea of cash is still
attractive to me for, for just the the reasons that I listed.
I don't hold a lot of it, you know, I'm like, Opti I use debit
card for pretty much anything. But it's definitely coming and
it's kind of weird to when I can remember talking about this to
my friends and family and like 2010 or 11, and still 10-15
years later, it's still going that direction.
Yeah, 100% 100% man and you have an on-the-ground experience of
this, right? So like you're seeing it
firsthand, this isn't, we're not just getting the information
from, you know, news sources and articles or whatever.
This is something that you've actually experienced yourself,
right? So and I think that is a, are
you guys cracking up? I'm trolling rope in the chat.
We should pull it up, man. Knows it going on.
That wasn't going to the doctor, dr.
Jeff Ross in the chat. Hey dr.
Ross, how you doing? Always happy to have you, man.
He's love love when, dr. Ross comes on simply Bitcoin IRL
and drops those truth bombs. Anyways, everybody.
No more delay. This jump straight into news.
We got a tremendous amount to talk about.
Let's check it out. The Daily News, The Daily News
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you it's me it's Opti it's a Toshi dr.
Ross its rope, download the orange pull app for iOS or
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today. Anyways, everybody, we got a lot
of news to talk about. So first, let's start off with
With the breaking news, the SEC says spot, Bitcoin, ETFs are
inadequate, but before you put your panties in a bunch.
Speaking of dr. Ross and this is totally a
coincidence Opti recommended me to pull up his tweet to give a
little bit of context dr. Ross said if you're in the Pro
spot Bitcoin ETF Camp then this - headline is probably good news
disguises. Bad news, Eric above Bellucci I
said, hold up a second, this isn't as bad as headline.
The key paragraph is deep in the story.
Basically SEC wants them to name the crypto exchange and give
them more details on SSA. That's understandably.
That's understandable arguably. Arguably, good news.
I was under the impression they would have to update that as
well. Here is the full Wall Street
Journal article. Will check that out as well.
Here's the headline sec. Says spot Bitcoin ETF filings
are an inadequate when this news broke it led to the price of
Bitcoin to literally fall, a thousand dollars, very, very
quickly. It would hit 31,000.
This morning fell back down to 30.
Now it's back up to 30,000 275 they don't call it the Bitcoin
roller coaster for no reason. Anyways, the article goes on to
say the Securities and Exchange Commission.
Also known as SEC, said a recent wave of applications filed by
asset managers to launch spot Bitcoin.
Change traded funds are inadequate according to people
familiar. With the matter, the agency
informed exchanges, NASDAQ and sibo.
Global markets, which filed the applications on behalf of asset
managers, including BlackRock and Fidelity Investments that
the filings aren't sufficiently clear.
And comprehensive, the people said, prices of Bitcoin and
other cryptocurrencies, ated stocks have surged since
mid-june, when Black Rock filed paperwork, paperwork with the
SEC for an ETF, that holds actual Bitcoin, the
cryptocurrency has climbed about 20% Rising threat, Rising above
30,000 for the first time since April shares of coinbase, which
is listed as a custodian. For the BlackRock funds Holdings
have soared more than 30 percent over the same period, a wave of
traditional and crypto asset. Managers followed in black
rocks, footsteps, Fidelity Investments, Kathy would Kathy
Woods Arc investment management and vesco wisdomtree bit wise
ass Asset Management. Valkyrie all react.
Needed or amended their applications for a spot Bitcoin
ETF in recent days an ETF that tracks the actual price of
Bitcoin would Mark a watershed moment for the industry because
it would provide wider access to the cryptocurrency.
It would allow investors to buy and sell Bitcoin through a
brokerage account as easy as easily as shares of stock.
Now here's the that paragraph is from the paranoid Bitcoin, her
perspective, right? Caitlin Long warns about This
all the time, the dangers of rehypothecation, right?
And what I don't want to happen, is yes, and unfortunately
there's a lot of people that just they open their Robin Hood
app and they're like, oh, I have exposure to bitcoin at have the
BlackRock ETF. Yeah, that's fine.
You know, number go up, but do they really own that Bitcoin?
Remember what we covered in the in the very beginning about the
bank? What are you going to do with
that? Do you really own that Bitcoin?
Not to mention the manipulations, not to mention
the influent? The more influence at this is
going to give BlackRock more than they already have.
So it's like this is Bittersweet.
Like yeah, might make the price go up, but the revolution is
only possible. If enough people take self
custody enough, people take self custody, there's nothing they
could do, and we'll win this thing, you know.
But you'll know that some a lot. It's a lot of people especially
the older Generations that have been living in the Fiat Matrix
from the majority of their lives.
They're going to, they're going to say, hey look, I could just
buy this on my Charles Schwab account.
Like why do I need to, you know, go through the hassle of side
creating an account with Swan or creating through an account with
strike or cash app or you know, one of the Bitcoin or You know
or coinbase if you like shit, if you like trick coin, casinos,
whatever, you know, whatever floats your boat.
Why am I going to go through the hassle of doing that?
If I could just buy, you know exposure?
I could just buy the BlackRock ETF which is going to give me
exposure to bitcoin out, even have to change anything.
So it's a Bittersweet moment, there's pros to it and there's
cons to it. Anyways, it goes on to say the
SEC has repeatedly rejected, such funds going back to 2017 on
the grounds that they are vulnerable to fraud.
And Market manipulation, at least half a dozen ETFs that On
bitcoin features are already on the market.
Investors and analysts viewed the bid by the world's largest
money manager as the best, hope for a spot Bitcoin ETF, partly
because of it because of its near-perfect near perfect
record, seeing application applications through some
industry. Watchers predicted that black
rocks, filing would appease the scc's concern, through an
agreement to share surveillance of a spot Bitcoin trading
platform with NASDAQ which would list the ETF, yet the SEC told
the exchanges that it returned the filings because they didn't
name the spot Bitcoin exchange with with which they are
expected to have quote, a surveillance sharing agreement
or provide enough information about the details of those
surveillance agreements asset. Managers can update the language
and refile a CBO spokesman said it plans to update and refile
NASDAQ. And the SEC declined to comment
representatives for Croc Fidelity Invesco wisdomtree Arc
Investments declined, to comment as well, representatives for
bitwise and Valkyrie didn't respond to requests for comment.
So It's interesting because the there's a new show that Swan
dropped on Monday called the Nakamoto portfolio.
Gauntlet in that show, we had Greg Foss, I was producing in
the background. We had Greg Faust, we had joão
Carlos. Sorry, we had Elliot Johnson, we
had Dom hosting it. We have Alpha Zeta part of swan
as well and during that conversation from my
understanding Elliot Johnson. In which is the founder of
evolve ETF, which was Canada's first Bitcoin ETF, from my
understanding, the company that black rock was, you was planning
to use and had a surveillance agreement in place was coinbase,
right? So it, I'm, I'm just curious,
you know? I thought I thought there was
already one that was being mentioned.
And then another thing is that I still don't think and this isn't
just me saying this, I saw a tweet from Hottel Elliot
Johnson. Again, you know, the founder of
all vtf Canada's first Bitcoin ETF, also strongly believes
that, you know, this BlackRock ETF still has a very very high
probability that it's going to get approved.
So and I believe that as well just because I know how much
political influence Black Rock has because they basically own a
large portion of every Fortune, 500 company and that gives them
the tremendous amount of influence Science, you know, in
DC. So I still think that this is a,
you know, maybe it's like the SEC trying to save face like no,
you know, even though you're BlackRock is filing wasn't
exactly perfect. So you kind of have to go back
and then they're going to come back and then you know, they'll
get it approved. I still think this is going to
get approved and yes, awesome for the price great phenomenal,
right? But at the same time, you know,
he'd Catlin Long's warnings. With ocation and also look.
We don't fix anything. If people are not taking spit
coin into self, custody nothing changes, right?
It will, it will inevitably be co-opted, just like gold was
co-opted gold failed were Bitcoin.
Could succeed Gold's physical properties, limited, right?
If you have a large amount of gold, it's hard to transport.
It's impossible to send instantaneously.
Try going to a CVS, like, with a little pick and like tick tick.
Tick, tick tick here, here. And then, they did CVS persons.
Like yeah, let me weigh your goal, you can't do that.
You can do that with Bitcoin, right?
You could you could take self custody your Bitcoin
instantaneously and you could send it anywhere around the
world, right? So, there is no physical
characteristics that are limiting.
The ability of people taking self custody, there is no
physical characteristics of it, you know, what does limit it,
it's the information asymmetry. It's the fact that people don't
actually Understand what Bitcoin is.
Bitcoin is not just an investment.
Bitcoin is literally the separation of money and say
Bitcoin is about taking back your time, your energy, your
work, taking it back into your own hands, right.
But you only benefit from that if you take Bitcoin into self
custody, if you don't do that and you Outsource that to a
company, like, black rock that has been pushing.
This ESG garbage for the last five years, right?
Not to mention all the other kind of sketchy stuff, Like you
know, what are you doing? What are you doing?
You're empowering them even more.
So anyways, it is a Bittersweet moment.
Let's see what happens. But I, but I stand by what I was
saying. I still think this thing is
going to get approved. Anyways Opti, what are your
thoughts and then we'll move on to rope.
Yeah, I'm still kind of on the same train that this will
eventually get approved, but nice catch on that coinbase.
Cuz cuz I completely forgot about that and that's exactly
what they said. So that's a very interesting
point and maybe considering all the custodial Reckoning we've
seen in the past couple of years, maybe this ends up being
a good thing but also having my tinfoil hat on it.
Just kind of feels like a delay to make sure that everyone in
the higher positions pack their bags and are ready to get on
board before. So personally, I really don't
care about Out, netf, but I understand why institutional
money would. But I think it's very
interesting or rather funny to see people dumped Bitcoin right
now or at least see the Bitcoin price fluctuate, down a little
bit and then get instantly eaten back up.
So I think it's pretty bullish. That this didn't really affect
anything. I think most people in the space
now know why they're holding Bitcoin, and are holding it for
the long run. But I think the, the, you know,
quote-unquote, smart money is still trying to get some
volatility on the price. Not only that they can make
money but also so they can stack their bags.
So I think it's just it's pretty interesting to see this play out
or rather like really not affect anything in the market and you
know just Tick-Tock next block. Yeah.
And you said something really interesting about the the smart
money aspect and I think dr. Ross nailed it right, says Wall
Street going to Wall Street just keep stacking stats while they
all muddled around. I think that's a really good
point. Anyways, rope, what's your
opinion on all this my friend? Yeah, I'm kind of more of around
with with Opti I don't particularly care about it too
much. It is what's going to happen is
what's going to happen. It is what it is either way.
Personally, I'm kind of a fan of it not happening for as long as
possible. You know I didn't start really
stacking until you know, 20 21. I think I bought the top.
It like 64k and just watch the drop and I'm still here.
So the longer the price stays as low as possible.
I'm happy for me too just to keep stacking.
Yeah and and Dr. Ross said he just posted.
He said, Joe Carlos are gives the SEC approval of a spot
Bitcoin ETF only a 10% chance of approval and he's ten times
smarter and more informed than I am.
Then all of us and I think dr. Ross is being humble but but
what's interesting dr. Ross is that Joe Crozier was on
that Swan episode, he was on that Swan episode with with Greg
Faust and Elliot Johnson, the Nakamoto portfolio gauntlet
Sewed, so it's interesting. Anyways, this is some crazy
stuff. Well, we'll stay on top of it as
best we can guys. And and yeah.
But anyways, before we move on to the culture, guys, remember
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Anyways Opti, what are we? Are we this looks like some
memes, bro. Yeah, so 30-minute mean reviews.
Sorry, guys, not sorry. No, no.
I'm kind of. I'm kind of joking.
Not not really fully joking. If you guys don't know who rope
is, he is I think he's come on very hard on the scene recently
pause and he is everyone's favorite me, Miran everyone
steals his memes but I think you have a great great story when it
comes to You got into making memes.
And I absolutely love it because I'm pretty sure it does.
Involve Nico kind of loosely as well.
So rope, can you tell everyone how you got into the meme game?
And maybe touch on a little bit of the journey since?
Okay, well back up, just a little bit before the mean gang
in game. So I got kind of or spilled in
like 20, 21, 20 21. I was buying, you know, the shit
coins in the Bitcoins and stuff but see him Mallory.
Has announced the the legal tender deal on at the conference
kind of changed how I looked at Bitcoin and made me realize why
it was different than the rest that summer.
Got rid of my little Cornucopia of bullshit.
When all in on bitcoin, just lurked on Twitter, stayed on
Twitter, trying to figure out how to like, you know, find a
place here. Make some friends here, because
I realized that a lot of these people have the same worldview
as me. You know, that the money was
broken and until we can fix that, nothing's going to get
better at all. And then the next conference
came around. I'd still been lurking.
I think I had maybe I know it was less than 500 followers.
Probably closer to like 100 or 250 or something.
And I was going through watching the conference again in Miami.
And the mean review panel, you know, it was Nico, Phil Big
Sean, Greg, chair Force. I was watching that one and it
was kind of right after I'd watch the the mailers keynote
again. I think I watched it like three
times. Times and it just had me feeling
like, super like really bullish and wanted to figure out some
way to contribute and towards the end of that mean review
panel, you know, there was a couple of things that got said
and I think it was is maybe it was American hot oil or Greg,
one of them said it that that Mimi is basically with the
founding fathers did they distributed these ideas on
pamphlets under, you know, pseudonym pseudonymity, shoot
Anonymous names think I said that, right?
To spread the propagate, you know, spread their ideas and
that kind of like changed the way I thought about memes.
And then towards the end of that panel, Sean, you know Sean
Harris wasn't even supposed to be up there.
He just snuck up on there. We both laugh about that.
To this day said just do one just making me and just just put
it out there and at that moment I was just like, fuck it.
That's what I'm going to do. And so I just went downloaded a
meme generator Pro and started making one.
Started making several kind of centered around what Mallards
would had debuted at the, at the conference, where he kind of,
you know, went into the shop and was able to buy a Coke and
peanuts using lightning, and it was just already like integrated
like that. And it, that also kind of like
changed the way I thought about Bitcoin, you know, in to get
back to that cash aspect where it's just instant Anonymous, you
know, and you just going about your day.
And so I just started putting those out and you know, one of
the first ones it went off for you know, 800 likes or so.
And I was like oh shit, people liked it.
So I just kind of leaned in and just kept going and kept going
and then you know, labra people like labra Greg couple other
people just like with DM. Me privately and say, hey, this
is good. Keep going, keep going, keep
going. And so I just kind of did that
all summer started getting added to, you know, certain group
chats and stuff. Where It's kind of like a
writers room in a lot of ways. We you know, you just put one
meme up, somebody would take it, change it and somebody else
would take it, change it, twist it and then we just put it out
and then yeah, I just kind of kept going on like that and and
then I guess you could say come August it was shortly.
Before the BBB I made the reaper meme that I really didn't think
was gonna. I mean I knew it was good but I
didn't think it was going to do what it was going to do.
I put it out within 30 minutes. It was like 5 600 lights and I
was just like, oh shit, this is a this is this one's going off
and then I guess a week later Rusty kind of changed it up,
made a gif out of it which was just hella dope and told sailor
he could, he could post it if he gave me and him credit and then
you know, ever since then it's just been, you know, much of the
same thing just hanging out in group chaps making memes, seeing
what the stories are. The day are of the week and just
just going on like that. And I mean, kind of like further
on that process, you know, are on that on this kind of line of
thinking, I guess that's probably the coolest thing about
Bitcoin to me to this day is the relationships that I've built
here, you know. I've, I've always been more of
like a social butterfly so to say I got along with pretty much
everybody in school. I can hang out with any group in
school or whatever, but you know, once I got out of school
into my 20s, I did a lot of really dumb things isolated
myself in a lot of ways. and so I've kind of been a loner ever
since then, But now, it's like I have this, you know, this whole
network of people in the, in the, in the most badass thing
about it is, you know, they're in Australia, there in Norway,
there in Holland there. And, you know, the Dominican
Republic there in Ecuador or why, you know, they're
everywhere and that's something that's extremely beautiful to me
is that I can hop on an app or two apps or three apps and talk
to these people that you know I might not never see where they
live. I might not ever see their face.
I might, you know, I'm Might not ever go to their country, but I
know that there's somebody there who sees the world almost
exactly the same way that I see it.
And that's something that I never really thought was
possible for me being, you know, just a country.
Kid growing up in Alabama. I'm not really well traveled at
all, you know, I think the farthest South I've been is
Mexico. When I was like 15, and then I
went to like the furthest furthest North of man is like,
Ohio, but I'm not really well. Tribal person.
So, to know that I have these people that I know that are also
legitimately the funniest people.
I know, I mean, I waste a lot of time just cutting up in these
group chats, but at the same time, I'm laughing my ass off,
we're having a good time. And even on Twitter just you
know, shitposting with my friends and just, you know,
spreading some joy and positivity even though in many
regards, the world seems to be kind of burning down.
On around us. So to speak know something.
You know, something, beautiful more perfect is going to be born
From the Ashes. Of course, you know, if this
experiment works out because at the end of the day, I'm still of
the opinion like this Bitcoin thing is an experiment, I
believe it's going to work, but the world's never seen anything
like this before. So, you know, you know, that's
why I used to have a kind of, it is what it is, just let what's
going to happen, what's going to happen.
But I also agree with Opti that I think there's a Divine aspect
to this Allows you to this money that this is all preordained,
but yeah, absolutely, love it rope.
I'm glad that I can just let you rent for a moment but you did
talk about something and I'd like to get your thoughts on
this because we have wine in the chat and he's a huge fan of
watermarks and you're talking about the open source nature of
memes. So what's your thoughts on
watermarking memes? I don't think you do it.
All right. No, I've never Watermark to me
and I think the only Names I've ever watermarked or certain
video means. I made it as of late.
I'm really trying to like expand my skill set in the video realm,
I love making music videos. Anything anything I could find
and put music to is something that I think is, yeah, I love
doing that music is very powerful tool, but as far as
like the, you know, the steel one shot means, now that's just
not for me. If somebody wants to do that,
you know, that's cool. But I'm not really here to get
credit for whatever, you know. Oh the only credit I really care
about is when I send it to you know the people that I talk to
you every day like in the future at or the mean Factory chat they
know I made it that's enough for me but as far as you know the
all the thousands of people on Twitter I don't you know really
care to get that kind of credit. I'd rather just you know You
know, spread the idea of make somebody laugh.
You know, if somebody knows, I made it great.
If not, cool, whatever doesn't matter, but I just want you to
like it, love it. Well, you talked about, you
know, just basically making a few memes to make it like, you
know, a few like, a small group of friends.
You're just like, yeah, I just make the move to have my friends
laugh. I always say it's very important
to keep the morale up of everyone around their also
ridicule the corporate press, but you know, make just like
make funny so that your Kids can keep their head in the game, but
speaking of making fun easy, keeping your head in the game,
how's it feel? Being the funniest member of the
mean Factory? Don't say that sir sir, maybe
the, maybe the funniest looking other than the yellow puppet.
But wow, I may be the funniest ginger on there.
I don't know, I don't know. I'm just, I'm just talking smack
at this doesn't count. She's a women.
Women are funny. Okay.
All right. Let's get serious one more time.
I do know that you are working your ass off right now to stack
SATs. So would you just give the
audience out there some of that inspiration, some of that wisdom
that you have over there and why you are working so hard to stack
them sad? So I absolutely love this this
energy that you have over here up it you know get in the main
vein, bro. So I guess when I was started,
when I started buying, you know, going all in on bitcoin, I was
doing floors with my brother working, you know, for not a lot
of money. Basically, all day and all night
decided I want to switch things up.
I've got into a completely different industry.
I'd never done before. Wasn't making the money that I
wanted. It's more.
It's a sales position. So, you know, you got to kind of
build up to get to that, you know, the good, the good money.
But I mean I have to contribute a little something to Arizona
hot oil even though he kind of Of blocked me and he doesn't
like me anymore. I still I'll still give him his
flowers. When I asked him one day on
Twitter, you know, what's the cheat code?
How do I, how do I stack more? Because, you know, obviously,
you know, don't usually average. Blah, blah blah.
He goes, you just have to work, man.
It's proof of work. You have to, you know, get to
three jobs and that kind of you know, I didn't do it immediately
but that kind of changed my idea because you know, Opti and a lot
of people know there's a lot of my 20s.
I was spent just kind of fucking off doing drugs, getting wasted,
just wasting my time. Um, so to speak and now that I,
you know, kind of got sober and cleaned up and realize that
there's more available to me if I just set my mind to it.
That's when I decided. All right, I'm going to do this
sales job, my build it up and then at night.
So I'm going to get it at another restaurant job.
And so I've been doing that because there is no shortcuts to
this. It's it is proof of where it
can, that's one of the beautiful things about it, you know?
Nobody's going to make this Bitcoin for free that I have to
work for it. We all have to work for it
either. If it's by, you know, paying for
Electricity bill to mine it or going out and working, two or
three jobs to get it. There's no shortcuts in this and
it's very, you know, I guess the way I would be equal Terry.
I do nothing boy. But yeah it's very it's very
equal like that. It's it's a beautiful thing I
think the word is egalitarian. But yeah, yeah latarian where I
just, you know, hey I'm I don't know where it is either.
You know, the English language is hard.
You're right. This one's hard.
All that trouble. And I used to do to now robot.
I think the most beautiful part about Bitcoin, it's something I,
I not only love to talk about but it fascinates me just how
much Bitcoin actually changes your behavior.
And there's so many of our friends personal friends between
you and I that have the same story that, you know, they just
wasted so much time. And then they finally understood
Bitcoin. They understood the opportunity
that we have here and they just start to change every little
aspect about themselves so that they can stack Bitcoin and try
to live a better life and it's just absolutely beautiful.
I think this is one of the the most exciting things about
Bitcoin is just like what it does for the individual out
there and how it just like, you know, it changes everything
about you because you realize I have the opportunity of a
lifetime to change my whole existence by just stacking SATs
and not even just my existence, I mean as of late, you know, if
Bitcoin goes to like 10 million dollars tomorrow, of course, I'm
going to be happy, you know, but at the same time I have a kid,
she's six years old, I don't want her to.
I've said this before, I don't want my kid to be cattle.
I don't want her to be a debt slave.
I don't want her to have to work until she's 65 years old, you
know, or you know I'm basically doing it for her.
Obviously I want to enjoy reach some of those rewards but I want
to have more kids at one day and you know it's like our buddy.
Nick can't. Mine says I'm stacking for my
last name. That's really what it comes down
to. For me I don't care.
If I have to work till 65 or 70, or until I'm dead, I see my dad
doing it. If he can do it, I can do it
better, you know, so if that's what it's going to be, that's
what's going to be. But, you know, if I can leave
this, this planet, this realm of existence and know that my kids
are going to do something great because they don't have to be
caught up in the rat race. That's its own reward for me
love it bro. It's you know as much as your
ship poster on Twitter there's a lot of seriousness behind what
rope does and I absolutely Really love it.
You know, as Tyler Durden swallowed, the red pill says, Be
the Change. You want to see guys, like, I
think this is, I hate using the b word, the most beautiful thing
about Bitcoin, like you change yourself, and you change the
world around you and every single one of us is doing them
by just stacking as many sets as possible.
And you said something I absolutely love.
The mean that Nick Nick created I don't stack sad for my first
name. I stack it for my last name dog.
There is way to make yeah. All right, let's get it.
Let's get into means before we run out of time.
All right, one second, let me get over here but rope really
appreciate you coming on. I think that was inspirational
story and maybe one more actually, two more sets.
If there's someone out there that hasn't made a mean, what
would you tell them? The same thing that this show
and kind of said, like, just just make it you got to think
about what are the what are the way it out in your head?
You're on an app. Nobody can see your face unless
you've docks yourself but at that point you can just make a
new account. So it's not like, you know,
you're at a on a stage naked where everybody can just point
and laugh at. You don't just got to just gotta
go for it, if it sucks, it sucks, but you know, the average
person's memory, you know, even even Bitcoin as we have pretty
short. Sometimes you know it's like
okay you get dunked on or whatever, don't fight the troll.
If you fight the troll, you're going to become it.
So just make a mean put it out there, it might suck and might
do good, but you got to keep doing it, keep doing it and
you'll get better at it and then people will take notice then
where the fun part comes in because you're going to start
making a lot of friends that want to help you spread the same
ideas that they have. And that's, that's dope.
Alright guys, let's get in the memes.
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Wait, wait, wait before I see no her I'll I Was Here For Laughs.
Not for feel she oh man. All right, this is your favorite
portion of the show. The mean review.
What you send this memes on Twitter, simply Bitcoin TV or
drop them in our telegram group and I will get them on the show.
Tweet to the bullets, means you're the cheerleader, make
sure you ridicule. The corporate press, make sure
you get the calls of actions out there and then Of course, make
sure you just make the funnies to keep your friends head in the
game because it's a dark world out there and memes.
Definitely, keep people's heads in the game.
Anyways, first meme is by at cold car wallet and it goes the
Ten Commandments of Bitcoin self custody one.
You shall backup your Bitcoin seed, to you shall test your
backup Street. You shall self validate with a
full node. For you shall not dogs for UT.
Excels 5, you shall not have single points of failure. 6, you
shall keep the Bitcoin price. Vicky air-gap 7 you shall coin
control eight. You shall kiss AKA keep it
simple stupid 9, you shall not. Talk about your hot oil and 10,
you shall stack more sacks, okay.
This next one is by the Bitcoin therapist and context for this
one. If you haven't watched the
Balaji, Marty bent four-hour. Marathon pod.
Highly suggest you go watch it. I finally finished it last night
after like five parts and then this morning.
Earning I woke up and I saw this Bitcoin therapist.
Me and I was like day, and that's perfect.
Anyways, the therapist goes actions are louder than words.
Hashtag BTC. And we have the dollar here and
someone sitting here all alone Lee and it's labeled treasuries.
And then we have the Bitcoin. What do you call this stand?
And we got Black, Rock and Valkyrie and every other
institution that I don't remember via their logos, but
they're all lining up to get on the Bitcoin train.
It's only a matter of time until then.
Use this ETF money on all of us and number it goes up but take
Bitcoin in the South custody. This is the way hence why I did
the cold card one first. Anyways, this next one is by
Cedric young woman aka the podcast for the Bitcoin Matrix
out to you said and he goes hashtag Bitcoin facts and this
is a classic classic meme template and we got a guy on the
phone. It goes hi I'd like a wake-up
call. And the girl on the other side
goes the price of goods isn't going up.
Government involvement in the market is making the value of
your dollar go down. It's so simple, guys.
You're not getting richer. Your dollar is getting weaker.
Anyways, this next one is by brekkie and it's kind of like a
play on those classic like wolf t-shirts that, that, you know,
the cool kids wear but it's got a Bitcoin logo but considering
that I have rope on here and he sometimes, give us cheesy quotes
to his me. My thought it was very fitting
because so we got brekke here and he goes one evening and
Odell told his grandson about a battle that goes on inside
people. He said my son, the battle
between two wolves. I just all one is evil.
It is anger, Envy jealousy, sorrow, regret greed.
Arrogance self-pity guilt, resentment inferiority lies,
false Pride, superiority and ego.
The other is good. It is joy, peace love hope,
Serenity humility. Kindness benevolence empathy
generosity truth, compassion and faith and the grandson thought
about it for a minute. And then asked his grandfather,
which wolf wins. And the old Odell simply
replied. Whichever one is more humble and
Stacks the most SAS. This next one is by at other
Barry BTC and he goes mentally. I'm here and we got this bus
station stand in. The Stance has autism autism
Peak. And we got all the different
Pepe flavors over here, which are basically just a bunch of
different variations of rope every single day of the week.
Next one is, by all Jack Bitcoin and I think it's a tie.
I didn't really plan it this well, but considering everything
that rope It said it's a fitting bow tie or to today's episode
and it goes men only need four things.
Men only need four things to be happy, a Family Fitness, wisdom
and Bitcoin. Bitcoin are over here.
This is the way boys and girls. Get fit, get your money right.
Go to family and staff more sets.
Anyways, Drop Your Meme review score in the chat overweight.
Sorry over there. And we will cover hours live,
okay? Mine is, I don't think I've
given this, but well, I thought I didn't give this score, but
now that I'm bringing it up, it feel like I'm having Deja Vu.
So maybe I have Gabe this store. So if anyone remembers you guys
can throw tomatoes later. It's my stream deck.
It's unplugged. I have damn right.
Okay, okay. All right, all right, you go
rope. Let me, let me 80's.
My me review score is the shirt world of Rusty.
T.com the classic play on my main.
Aim go, get you five, six, seven of them.
Don't do that. Please.
Glad Scout are they? They're, they're still on the
website, they better because I didn't matter because, all
right, well then, okay, yellow for bed and I'm going to give it
this. Run nodes voltage sticker that.
Wow, my Essential water. Boom.
Let's go, run those notes, run those notes.
Anyways everybody. Let's let's pull up some of the
meme scores. Let's see what we have today.
Wine. Fuck.
He's reading it. That isn't a meme.
Yes it is means can be tweets to okay, okay, hey, I'm the captain
now I make the meme review, whatever I wanted to be okay.
All right, first meeting review score, are you reading me?
Go or my reading? You're reading but not a day.
I give the memes Niko's highlights, seriously, please
take it. Like, please take it off.
Is that what you mean? I'm just kind of like, Let It
Grow out and see where it goes. Maybe I died.
I don't know. This one, you probably shouldn't
read let my sorry sorry sorry, sorry op T ZX filter is
atrocious. Anyways you txo I give the memes
a massive, Sherman throat, sir, a Merriman impaction, I don't
action. Okay, hashtag we can't read
hashtag, simply Bitcoin. Doesn't know words, I like that,
I like that. All right, next one by Michael
Ward, I give the memes one BlackRock ETF paper voucher oof
oof True, Rave elevator score the memes.
The first at simply Bitcoin pleb of the month.
Award presented to coddle tranche okay.
All right. Okay, Bitcoin.
Becca. I give the memes three gingers
out of five. See you?
Or I don't know if we can say this one.
So this one might have some violence calls.
Don't read any go, Max Trotter. I give the memes a yellow sock
pockets. Sock puppet, puppet puppet,
puppet puppet. Hold on a second puppet.
Wait, this one's red? Wait, no I don't rope could read
this. Rope could read this, I can
read, I can't read, but I don't know if he's okay.
He's okay forever stay. What if Pete, Pete Pete?
Penis out their penis out there, what?
Thank you wine. What the fuck?
We can edit that out. Keep going Nico.
Keep keep this show going. We do this live.
The biology podcast coin does not approve of what just
happened, okay, god dammit white, what the fuck, man?
Chad Bitcoin, ER, give the memes a yellow, plushie toorop, okay,
okay. Very nice, very nice hot, oh
coin, I give the memes some wax for genzler's head.
And then the next one, McLovin Opti Big Mac coin wallet comes
to fruition. By the way, speaking of I've saw
that there's any shit coin out there on Twitter and it's the
dollar sign Opti. I did not affiliated.
There's a shit coin in my name now.
So is so is son of Satoshi. The script of Opti and his
girlfriend's Christine's Twilight like movie.
Oh man. Oh man, all right, all right
Bushmaster ETF what? Okay I like it.
I like it. Wait, alright, this is the last
one, there's a lot. So let's you deserve real money.
I scored those memes one. YouTube ruling coming screams to
Oh man, it's the Friday show you guys.
The Friday show is the Friday show.
I apologize for the family friendly, audience Opti just
slightest slip in there, I guess.
But anyways, it is the Friday show, guys.
I hope you enjoyed the show and give a very, very special
shout-out to Our Guest rope. Thank you so much for joining us
today, man, we really appreciate it.
And of course, you know, this was going to happen on the show
that you came on. Well, thank you so much for
joining us. You guys could follow him.
We have is handle, pulled up on screen at row p.m. and yeah,
guys, thank you so much for tuning in to Simply Bitcoin
live. We really, really appreciate it.
If you enjoyed the show, you know what to do.
Smash that like button. If you feel like we provided you
value consider subscribing. And, you know, the number one
thing you could do to help push the peaceful Bitcoin Revolution
forward is share. This content and yeah we'll see
you guys on Friday for on Monday for another episode of Simply
Bitcoin live until then Ruston's, going to be holding it
down over the weekend. He's going to be dropping some
fire ass clips on Saturday on Sunday.
One's Gonna be coming out today so it should be a lot of fun.
But anyways, until then guys, love you all.
Enjoy your weekend and if you want to join the after party,
join us on Twitter. Ace has opted.
He's going to be holding it down and we co-host.
That's what your spaces with our friends over at Swan Bitcoin
best place to build your Bitcoin stack.
Check out salon.com today. Shout out to the best producer
in the game producer Jacob but until then guys, peace out
y'all.