1
00:00:04,300 --> 00:00:07,200
Welcome back, everyone. 
It is the weekend edition. 

2
00:00:07,200 --> 00:00:10,300
We're simply Bitcoin. 
I'm back in my home studio. 

3
00:00:10,400 --> 00:00:13,200
We break down the news. 
The daily fail mean review, 

4
00:00:13,200 --> 00:00:16,700
software releases, Hardware, 
releases and the pleb sites. 

5
00:00:17,000 --> 00:00:18,800
All right, Nico. 
You know where we're going, 

6
00:00:18,800 --> 00:00:20,600
we're diving into the numbers, 
let's do it. 

7
00:00:20,608 --> 00:00:23,600
My friend number time brought to
you, by Donald they make some of

8
00:00:23,600 --> 00:00:26,800
the best Bitcoin notes like the 
not 01. 

9
00:00:27,000 --> 00:00:29,800
Run your own version of Bitcoin 
core, the light Network world. 

10
00:00:30,000 --> 00:00:33,100
A pool and Tojo, all from the 
comfort of your own home. 

11
00:00:33,100 --> 00:00:36,000
Remember guys, if you don't run 
your own Bitcoin node, you're 

12
00:00:36,000 --> 00:00:39,100
using someone else's. 
And if you're a digital Nomad, 

13
00:00:39,100 --> 00:00:41,800
you have no excuse because not 
all Cloud. 

14
00:00:41,800 --> 00:00:45,500
Just release run annatto node 
through a virtual private 

15
00:00:45,500 --> 00:00:47,600
server. 
Anywhere around the world, visit

16
00:00:47,600 --> 00:00:50,000
novel dot EU at the time of this
recording, the block height is 

17
00:00:50,000 --> 00:00:56,100
745,000 a 138 the Bitcoin price 
20,000 795 chain rewrite days. 

18
00:00:56,100 --> 00:01:03,900
870 total public lightning 
capacity 4260 dot eighteen 

19
00:01:04,099 --> 00:01:07,600
Moscow, time forty eight oh nine
blocks to The Happening 94,000 

20
00:01:07,600 --> 00:01:12,000
861 it just changed and the 
samurai Whirlpool unspent 

21
00:01:12,000 --> 00:01:15,300
capacity Samurai Whirlpool is a 
coiner collaborative. 

22
00:01:15,300 --> 00:01:19,200
Spend it is not the mixing 
service and the unspent capacity

23
00:01:19,200 --> 00:01:24,200
from that pool is 4860 4.70 
Nico. 

24
00:01:24,700 --> 00:01:28,800
Those are the numbers and I just
want to say for Bitcoin being 

25
00:01:28,800 --> 00:01:36,600
dead. 4260 BTC on the sorry, on 
public nodes. 

26
00:01:37,100 --> 00:01:40,200
I mean, we went up over 100 BTC 
in the last, I'd say week and a 

27
00:01:40,208 --> 00:01:44,000
half. 
So that's some pretty decent 

28
00:01:44,000 --> 00:01:46,500
signal. 
I'm pleased with that at least 

29
00:01:46,500 --> 00:01:48,700
not everything's going down 
right at least. 

30
00:01:48,700 --> 00:01:51,000
There is some some positive 
numbers. 

31
00:01:51,100 --> 00:01:53,400
Inflation is going up. 
We got the numbers in a couple 

32
00:01:53,400 --> 00:01:54,800
of days ago, that's also going 
up. 

33
00:01:55,000 --> 00:01:57,800
You go the grass is greener on 
the other side you just have to 

34
00:01:57,800 --> 00:02:00,800
ignore everything. 
I'm very glad You brought up the

35
00:02:00,800 --> 00:02:03,800
inflation point, right? 
Because we always hear from 

36
00:02:03,800 --> 00:02:07,100
these, you know, these 
bureaucrats how much they care 

37
00:02:07,100 --> 00:02:11,100
about inflation, you know, they,
you know, they wheel out Joe 

38
00:02:11,100 --> 00:02:14,700
Biden and he goes out and he 
says, listen, you know, that 

39
00:02:14,800 --> 00:02:19,800
inflation is my main priority. 
But I don't think that's true. 

40
00:02:21,000 --> 00:02:23,800
Let's play this video and we'll 
talk why we are following 

41
00:02:23,800 --> 00:02:25,500
breaking news here at the live 
desk coming in. 

42
00:02:25,500 --> 00:02:29,200
Just out of the nation's 
capital, the US announcing a new

43
00:02:29,200 --> 00:02:33,000
one point seven billion dollars 
in Aid to help Ukraine 

44
00:02:33,000 --> 00:02:36,400
specifically to help pay 
healthcare workers, still trying

45
00:02:36,400 --> 00:02:39,400
to treat patients even after 
hospitals have been bombed or 

46
00:02:39,400 --> 00:02:41,300
closed because of Russia's 
Invasion. 

47
00:02:41,500 --> 00:02:43,700
The money is strictly for 
humanitarian purposes. 

48
00:02:43,700 --> 00:02:46,600
Coming from the US agency for 
International Development, the 

49
00:02:46,600 --> 00:02:49,000
treasury Department and the 
Bank. 

50
00:02:49,100 --> 00:02:51,400
Just last week, the u.s. 
announced it was sending four 

51
00:02:51,400 --> 00:02:54,600
hundred million dollars in 
military equipment to Ukraine as

52
00:02:54,600 --> 00:02:59,900
well. 
We are false So here's the 

53
00:02:59,900 --> 00:03:04,200
inflation rate highest it's been
and 40 years. 

54
00:03:04,300 --> 00:03:07,500
Have we actually talked about 
this in an earlier show like two

55
00:03:07,500 --> 00:03:09,400
or three episodes ago. 
So I'm not going to bring it up 

56
00:03:09,400 --> 00:03:13,500
but basically last time the US 
was in this position, the US 

57
00:03:13,500 --> 00:03:18,300
actually had the power to raise 
those, you know, those interest 

58
00:03:18,300 --> 00:03:23,500
rates. 
Now not so much. 

59
00:03:23,500 --> 00:03:29,900
So dude why my Republic Vibes we
care about inflation? 

60
00:03:30,400 --> 00:03:34,900
But we're sending 1.7 billion to
you, this is on top of the 

61
00:03:34,900 --> 00:03:38,500
fucking money that they set 
prior mind. 

62
00:03:38,500 --> 00:03:44,800
You, they left 80 billion and 
Afghanistan, but they care about

63
00:03:44,800 --> 00:03:48,000
inflation. 
I don't believe them. 

64
00:03:48,500 --> 00:03:51,400
That's my two cents. 
It's me go. 

65
00:03:51,400 --> 00:03:53,500
It's gaslighting but hold on a 
second. 

66
00:03:53,500 --> 00:03:56,000
We're weren't we talking about a
number like last week, wasn't 

67
00:03:56,000 --> 00:03:57,900
there a number 40 billion 
floating around? 

68
00:03:58,700 --> 00:04:01,200
Yeah, well so so I don't 
understand. 

69
00:04:01,200 --> 00:04:06,600
So so we printed 40 billion in 
Aid and then we added 1.7. 

70
00:04:06,600 --> 00:04:10,900
Like, how is that what's fixing 
issues like how to pay for the 

71
00:04:10,900 --> 00:04:15,800
health care of ukrainians? 
While over here people can't pay

72
00:04:15,800 --> 00:04:23,400
for gas and inflation as at 9% 
Ain't So when I don't care 

73
00:04:23,400 --> 00:04:28,500
democrat or republican but like 
when they roll out a politician 

74
00:04:28,500 --> 00:04:32,700
to say inflation is our top 
priority and then they're doing 

75
00:04:32,700 --> 00:04:35,600
shit like that. 
Where's that money coming from? 

76
00:04:35,700 --> 00:04:39,500
They don't have the US. 
The government spends more money

77
00:04:39,500 --> 00:04:41,600
every year than it collects an 
income tax. 

78
00:04:41,600 --> 00:04:43,500
Okay. 
So where's that money coming 

79
00:04:43,500 --> 00:04:45,400
from? 
They have to print it. 

80
00:04:45,400 --> 00:04:48,000
When you print more money, you 
add more money to the money 

81
00:04:48,000 --> 00:04:50,600
supply that causes more. 
Inflation. 

82
00:04:50,700 --> 00:04:53,400
So what the fuck is going on? 
Excuse my language. 

83
00:04:53,400 --> 00:04:56,200
But like, I don't understand, I 
don't get it. 

84
00:04:56,200 --> 00:04:59,600
This is clown World. 
Why my Republic Vibes? 

85
00:04:59,900 --> 00:05:02,200
I'm happy. 
My money isn't something that 

86
00:05:02,200 --> 00:05:04,900
can't be debased. 
I'm happy that my wealth. 

87
00:05:04,900 --> 00:05:08,700
My energy. 
My work is in Bitcoin and not 

88
00:05:08,700 --> 00:05:10,700
the fucking government shit coin
called. 

89
00:05:10,700 --> 00:05:13,700
The US dollar that is absolute 
Insanity. 

90
00:05:13,800 --> 00:05:16,000
Total clown world to me? 
What do you think Phil? 

91
00:05:16,200 --> 00:05:19,700
Yeah I feel like I'm just 
watching a show about 

92
00:05:19,800 --> 00:05:22,800
Gaslighting that. 
That's that's really what I feel

93
00:05:22,800 --> 00:05:28,100
like because it's exactly what 
you just said is perfect and it 

94
00:05:28,100 --> 00:05:31,100
makes absolutely no sense. 
So, you're sitting there you're 

95
00:05:31,100 --> 00:05:33,700
looking at the the condition of 
the country, right? 

96
00:05:33,700 --> 00:05:36,500
Not picking on any particular 
States or anything like that, or

97
00:05:36,500 --> 00:05:39,200
any political leanings, right? 
You look at the condition of the

98
00:05:39,200 --> 00:05:43,400
country and you say to yourself,
why the hell, are we not? 

99
00:05:43,400 --> 00:05:46,000
Like look if we're gonna sit 
there and debase the currency, 

100
00:05:46,000 --> 00:05:50,200
if we're going to sit there and 
and essentially just Make 

101
00:05:50,200 --> 00:05:53,700
everybody poor to make it to 
explain it simply if we're going

102
00:05:53,700 --> 00:05:57,200
to do this, why don't we just 
keep the money here and actually

103
00:05:57,200 --> 00:05:59,400
help people? 
Because that's not what this is 

104
00:05:59,400 --> 00:06:01,400
about. 
That's not what this is about at

105
00:06:01,400 --> 00:06:03,500
all, the government. 
I'm sorry to say this, you know,

106
00:06:03,500 --> 00:06:04,700
I'm sure that everybody already 
knows. 

107
00:06:04,700 --> 00:06:07,000
Government doesn't give a shit 
about you, then give a shit 

108
00:06:07,000 --> 00:06:09,300
about me doesn't give a shit 
about any of this. 

109
00:06:09,600 --> 00:06:12,400
Okay. 
What it needs to do is maintain 

110
00:06:12,400 --> 00:06:17,000
its moat, okay? 
And to me when I see inflation 

111
00:06:17,000 --> 00:06:20,900
like this, like it depends on 
What narrative you're talking 

112
00:06:20,900 --> 00:06:22,400
about? 
Because I have heard the 

113
00:06:22,400 --> 00:06:26,300
narrative that other countries 
are essentially attacking the US

114
00:06:26,300 --> 00:06:29,300
dollar. 
And so the value of the USD is 

115
00:06:29,300 --> 00:06:35,000
going up against is going higher
against other currencies. 

116
00:06:35,100 --> 00:06:40,100
So as a result as a result, the 
u.s. is trying to print more in 

117
00:06:40,100 --> 00:06:43,600
order to help lower the strength
of the u.s. dollar. 

118
00:06:43,600 --> 00:06:48,900
Now look, I don't i-i'm sorry 
like I can't really, I can't do 

119
00:06:48,900 --> 00:06:50,300
the mental gymnastics. 
Fix that. 

120
00:06:50,300 --> 00:06:57,800
It takes to even pretend to 
agree or validate if that's true

121
00:06:57,800 --> 00:07:01,200
or not. 
Okay, but what I do know is this

122
00:07:02,400 --> 00:07:07,100
since 1971, our purchasing power
has dropped exponentially in the

123
00:07:07,100 --> 00:07:12,300
last two years, the government 
has printed 70% of all of the 

124
00:07:12,300 --> 00:07:14,800
dollars in existence. 
We've also experienced some of 

125
00:07:14,800 --> 00:07:18,000
the highest inflation in the 
last. 

126
00:07:18,200 --> 00:07:20,600
What is it in the last 30 years?
Years, 40 years. 

127
00:07:21,000 --> 00:07:26,000
So I gotta say, I don't know 
what those other stories are but

128
00:07:26,000 --> 00:07:29,100
they're not the it's not fitting
The Narrative, it's not actually

129
00:07:29,100 --> 00:07:30,600
working. 
Like I know that from the 

130
00:07:30,600 --> 00:07:33,900
corporate owned media were 
getting this information but it 

131
00:07:33,900 --> 00:07:37,400
doesn't actually match reality. 
So this is why I say that. 

132
00:07:37,400 --> 00:07:40,800
They're gaslighting us because 
nothing that is being said is 

133
00:07:40,800 --> 00:07:43,300
actually matching reality 
anyways. 

134
00:07:43,300 --> 00:07:45,900
That's yeah. 
That that that's a horrible. 

135
00:07:46,700 --> 00:07:48,300
Really just terrible stuff my 
dude. 

136
00:07:48,500 --> 00:07:49,700
Yeah. 
I think you hit every on the 

137
00:07:49,900 --> 00:07:51,400
Sorry about that. 
I think you hit the nail on the 

138
00:07:51,408 --> 00:07:54,900
head, dude. 
It's total gaslighting. 

139
00:07:54,900 --> 00:07:57,300
It's lies. 
And remember, 1971. 

140
00:07:57,300 --> 00:08:00,100
What you said? 
Richard Nixon took us off the 

141
00:08:00,100 --> 00:08:03,700
gold standard to keep paying for
the war in Vietnam, right? 

142
00:08:03,700 --> 00:08:09,100
So, it's like, dude, it's like 
fuck these wars, man, because 

143
00:08:09,100 --> 00:08:13,100
that's what the Fiat, listen. 
No, individual or country or 

144
00:08:13,100 --> 00:08:17,200
whatever should have the power 
to create money out of thin air.

145
00:08:17,200 --> 00:08:19,100
I think. 
I think there's very bad 

146
00:08:19,100 --> 00:08:21,200
consequences. 
Uses when that happens and I 

147
00:08:21,208 --> 00:08:23,500
think we're living through it. 
Right? 

148
00:08:23,500 --> 00:08:25,700
Whether that's the world 
economic Forum as an 

149
00:08:25,700 --> 00:08:29,200
institution, whether it's the US
war machine right? 

150
00:08:29,200 --> 00:08:33,100
Whether it's constantly bailing 
out the big Banks fucking over, 

151
00:08:33,299 --> 00:08:37,000
you know, Main Street, like dude
this system needs to end and I 

152
00:08:37,008 --> 00:08:39,700
think Bitcoins going to play a 
key role in that but anyway so 

153
00:08:39,700 --> 00:08:43,299
it's time for oh go ahead. 
I'm sorry I just wanted to add 

154
00:08:43,299 --> 00:08:45,000
one point before we move to the 
next thing. 

155
00:08:45,000 --> 00:08:48,300
If the government if the 
government has the peoples and 

156
00:08:48,300 --> 00:08:50,900
had the people's support, For 
these wars. 

157
00:08:51,000 --> 00:08:54,900
Why do they have to print the 
money without the people's 

158
00:08:54,900 --> 00:08:58,000
support and validation? 
Well, that's exactly the point. 

159
00:08:58,000 --> 00:09:00,400
It's not, that's the magic of 
it. 

160
00:09:00,400 --> 00:09:03,100
They don't have to tell. 
It's like what Milton Friedman 

161
00:09:03,100 --> 00:09:05,100
has to have support. 
They don't. 

162
00:09:05,300 --> 00:09:06,900
Yep. 
Milton Friedman has the best 

163
00:09:06,900 --> 00:09:08,600
thing. 
It's like this is the this is 

164
00:09:08,600 --> 00:09:11,900
the in the hidden tax because 
it's a tax that you don't agree 

165
00:09:11,900 --> 00:09:13,600
to. 
It's just a just printing. 

166
00:09:13,600 --> 00:09:16,600
They're like oh it's inflation. 
I don't know what's going on. 

167
00:09:16,600 --> 00:09:20,000
It's like dude you cost if my 
friending too much money Like 

168
00:09:20,000 --> 00:09:22,400
it's insane bro. 
It's insane. 

169
00:09:22,400 --> 00:09:25,900
But anyways, Felix time for the 
Daily News brought to you by 

170
00:09:25,900 --> 00:09:28,700
cryptic looks.com they make some
of the best 3D printed Bitcoin 

171
00:09:28,700 --> 00:09:31,600
Merchant. 
The famous 3D printed Bitcoin. 

172
00:09:31,600 --> 00:09:33,700
Grenade. 
Toy comes in any custom color. 

173
00:09:33,700 --> 00:09:35,600
Your heart desires. 
This is in Gold. 

174
00:09:35,600 --> 00:09:37,100
What if you want? 
Peter Schiff colors. 

175
00:09:37,100 --> 00:09:39,200
That's right. 
It comes in Gold. 

176
00:09:39,300 --> 00:09:42,400
It's awesome. 
And you can take a look at the 

177
00:09:42,600 --> 00:09:45,600
open source 3D printed list on 
cryptic looks. 

178
00:09:45,600 --> 00:09:48,600
And if you live in Europe, the 
European store is now open, take

179
00:09:48,600 --> 00:09:51,200
advantage of the promo code. 
Blow to get 5% off crypto, 

180
00:09:51,200 --> 00:09:53,800
cloaks.com. 
So we always tell you in the 

181
00:09:53,808 --> 00:09:58,100
show, Bitcoin is going to be 
attacked by two methods, right? 

182
00:09:58,100 --> 00:10:00,400
The right to self custody, 
they're going to get to that. 

183
00:10:00,600 --> 00:10:07,100
But what they're really focusing
on right now is Bitcoin and it 

184
00:10:07,100 --> 00:10:10,100
using too much energy, right? 
Of course they don't get into 

185
00:10:10,100 --> 00:10:15,700
the Nuance but but they do have 
the corporate media machine 

186
00:10:15,700 --> 00:10:17,600
behind them. 
I'm going to show you the 

187
00:10:17,600 --> 00:10:21,200
collusion, the collaboration, 
this This is not a coincidence 

188
00:10:21,200 --> 00:10:23,300
guys. 
Okay like it wasn't a 

189
00:10:23,308 --> 00:10:28,300
coincidence that as soon as 
Elizabeth Warren or sorry. 

190
00:10:28,300 --> 00:10:31,300
As soon as the New York Times 
reported that Bitcoin might 

191
00:10:31,300 --> 00:10:34,300
potentially be used by Russia to
money laundering. 

192
00:10:34,300 --> 00:10:36,900
Even though the treasury said 
the exact opposite Elizabeth 

193
00:10:36,900 --> 00:10:41,100
Warren came out of her cave and 
said the same thing the next day

194
00:10:41,100 --> 00:10:43,000
that is not a coincidence. 
And you know what? 

195
00:10:43,000 --> 00:10:46,200
It just happened again. 
Elizabeth Warren does not care 

196
00:10:46,200 --> 00:10:49,100
about sanctions. 
Elizabeth Warren, does not care 

197
00:10:49,200 --> 00:10:52,100
about the Environment. 
Those are just very convenient 

198
00:10:52,100 --> 00:10:55,300
ways to attack Bitcoin. 
Why? 

199
00:10:55,400 --> 00:10:59,000
Because they cannot control it. 
Anyways, let's check out this 

200
00:10:59,000 --> 00:11:03,700
collusion and PBS NewsHour. 
Bitcoin requires an immense 

201
00:11:03,700 --> 00:11:06,600
amount of energy. 
Here's why that's sparking a 

202
00:11:06,600 --> 00:11:09,900
crypto backlash. 
Next one, New York Times the 

203
00:11:09,900 --> 00:11:12,900
paper of record crypto mining 
capacity and u.s. 

204
00:11:12,900 --> 00:11:16,200
Rivals energy use of Houston 
finding show. 

205
00:11:16,400 --> 00:11:21,100
We have covered this many times 
right fit Coin mining uses my 

206
00:11:21,100 --> 00:11:23,100
energy. 
That was stranded energy. 

207
00:11:23,100 --> 00:11:26,200
That was not being used. 
If it was being used it would be

208
00:11:26,200 --> 00:11:30,700
too expensive. 
If, for example, houses in 

209
00:11:30,700 --> 00:11:34,300
Houston and houses and and the 
the mind we're competing for the

210
00:11:34,300 --> 00:11:37,800
same power, it would be too 
expensive for Bitcoin miners, 

211
00:11:37,800 --> 00:11:40,900
Bitcoin, miners go towards cheap
electricity. 

212
00:11:41,000 --> 00:11:43,500
That's where it s economical to 
mine. 

213
00:11:43,500 --> 00:11:45,700
Bitcoin course. 
That's not mentioned in this 

214
00:11:45,700 --> 00:11:48,400
article because this article is 
not about telling the truth. 

215
00:11:48,700 --> 00:11:51,600
It's about power. 
Anyways, moving on seven of the 

216
00:11:51,608 --> 00:11:53,700
largest Bitcoin, mining 
companies in the United States 

217
00:11:53,700 --> 00:11:57,000
are set up to use nearly as much
electricity as the homes in 

218
00:11:57,000 --> 00:11:58,700
Houston. 
You check out that first 

219
00:11:58,700 --> 00:12:03,000
segment, the Bitcoin minds are 
set up to use as much 

220
00:12:03,000 --> 00:12:05,400
electricity as homes in Houston.
That's what they're set up for. 

221
00:12:05,400 --> 00:12:08,000
That's their purpose that's her 
opening line. 

222
00:12:08,700 --> 00:12:11,600
According to data, disclosed, 
Friday, as part of an 

223
00:12:11,600 --> 00:12:14,900
investigation by Congressional 
Democrats who say minors should 

224
00:12:14,900 --> 00:12:17,600
be required to report their 
energy, use the United States 

225
00:12:17,600 --> 00:12:19,600
has seen an influx of 
cryptocurrency. 

226
00:12:19,700 --> 00:12:22,600
Shhoo use powerful energy, 
intensive, commuter computers to

227
00:12:22,600 --> 00:12:25,700
create and track the virtual 
currencies after China. 

228
00:12:25,700 --> 00:12:27,600
Crackdown on the practice last 
year. 

229
00:12:28,000 --> 00:12:30,000
I'll give you guys just my own 
opinion. 

230
00:12:30,000 --> 00:12:32,900
Maybe you disagree disagree, 
when the Chinese Communist party

231
00:12:32,900 --> 00:12:35,900
is doing one thing. 
And the United States is doing 

232
00:12:35,900 --> 00:12:37,600
the opposite. 
That's usually a good thing. 

233
00:12:37,600 --> 00:12:40,800
I don't want to follow the 
Chinese Communist as much as 

234
00:12:40,800 --> 00:12:44,000
Charlie Munger would like that, 
anyways, Democrats led by 

235
00:12:44,000 --> 00:12:46,200
Senators. 
Elizabeth Warren are also 

236
00:12:46,200 --> 00:12:49,100
calling for the companies to 
report their emissions of carbon

237
00:12:49,100 --> 00:12:51,000
dioxide. 
The greenhouse gas. 

238
00:12:51,000 --> 00:12:54,100
That is the main driver of 
climate change, this limited 

239
00:12:54,100 --> 00:12:57,400
data alone, reveals that crypto 
miners are large energy users 

240
00:12:57,400 --> 00:12:59,900
that account for a significant 
rapidly growing. 

241
00:12:59,900 --> 00:13:03,100
Amount of carbon emissions said 
Warren and five other members of

242
00:13:03,100 --> 00:13:06,700
Congress wrote in a letter to 
the heads of the EPA and 

243
00:13:06,700 --> 00:13:10,300
Department of energy. 
That's why the Supreme course 

244
00:13:10,300 --> 00:13:12,600
case that we reported on last 
week. 

245
00:13:12,600 --> 00:13:15,900
West Virginia versus the EPA was
so Monumental because the 

246
00:13:15,900 --> 00:13:19,900
Supreme Court ruled in favor of 
the state's getting to, Wait 

247
00:13:19,900 --> 00:13:23,300
what their energy policy and 
what their energy policy is not 

248
00:13:23,300 --> 00:13:25,800
and it takes away power from the
federal government like 

249
00:13:25,800 --> 00:13:29,400
Elizabeth Warren to Central plan
and say hey you guys are not 

250
00:13:29,400 --> 00:13:32,500
entitled to use energy. 
The way that you see fit US 

251
00:13:32,500 --> 00:13:34,000
Government. 
Bureaucrats are going to get to 

252
00:13:34,000 --> 00:13:36,900
decide that for you. 
That's always been a recipe for 

253
00:13:36,900 --> 00:13:40,400
disaster added to the strain on 
the power grids and state like 

254
00:13:40,400 --> 00:13:44,400
Texas again the narrative, 
remember the first line right? 

255
00:13:44,400 --> 00:13:48,100
Bitcoin mining is competing for 
energy that these Houston homes 

256
00:13:48,100 --> 00:13:51,600
are saying now they're making 
the False claim that is adding a

257
00:13:51,600 --> 00:13:54,000
strain on the power grid in 
Texas. 

258
00:13:54,100 --> 00:13:56,700
We reported a Bloomberg article,
you don't have to take our word 

259
00:13:56,700 --> 00:13:58,100
for it. 
A couple, it was actually like 

260
00:13:58,300 --> 00:14:01,200
either yesterday's episode of 
the episode before we told you 

261
00:14:01,200 --> 00:14:03,100
guys, what did the Bitcoin 
miners? 

262
00:14:03,100 --> 00:14:08,500
Do when Texas needed more energy
because they decided to invest 

263
00:14:08,600 --> 00:14:12,500
in renewable energies like like 
when meals like like the wind 

264
00:14:12,500 --> 00:14:17,900
turbines that accounts for 7% of
enter of Texas's energy capacity

265
00:14:17,900 --> 00:14:21,900
but the wind turbines were only 
Lee producing eight percent, 

266
00:14:22,000 --> 00:14:24,500
eight percent of their total 
energy capacity, why? 

267
00:14:24,500 --> 00:14:27,500
Because wind doesn't blow 24/7 
same as the sun. 

268
00:14:27,600 --> 00:14:29,700
It's not that I have anything 
against renewable energies. 

269
00:14:29,700 --> 00:14:33,000
I love Hydro hydros working all 
the time. 

270
00:14:33,100 --> 00:14:36,800
It's that you can't pitch the 
public about these renewable 

271
00:14:36,800 --> 00:14:40,800
energy sources and not talk 
about the potential cons, right?

272
00:14:40,800 --> 00:14:44,500
It's all Pros but it's no cons. 
Look at Germany, Germany had to,

273
00:14:44,600 --> 00:14:48,000
they were forced to turn on 
their coal plants again. 

274
00:14:48,400 --> 00:14:51,400
There were forced to Claire, 
that natural gas and nuclear 

275
00:14:51,400 --> 00:14:54,600
energy is green. 
So again, it's cheap virtue 

276
00:14:54,600 --> 00:14:57,600
signaling that has real-world 
consequences. 

277
00:14:57,700 --> 00:15:01,400
It's not a coincidence that New 
York, California and Germany, 

278
00:15:01,400 --> 00:15:05,200
have some of the highest 
electricity prices and their 

279
00:15:05,200 --> 00:15:07,800
respective countries compared to
a state like Texas. 

280
00:15:07,800 --> 00:15:09,500
That's cheaper, electricity 
prices. 

281
00:15:09,600 --> 00:15:13,700
So the middle and lower classes,
right are actually playing less 

282
00:15:13,700 --> 00:15:17,100
than they were in California and
New York and Germany. 

283
00:15:17,100 --> 00:15:21,500
Anyways, that process a complex 
A complex game using power and 

284
00:15:21,500 --> 00:15:22,700
power. 
Hungry computers. 

285
00:15:22,700 --> 00:15:26,200
Again, the framing power-hungry 
commuters is highly and 

286
00:15:26,400 --> 00:15:29,200
energy-intensive. 
They have to tell you twice that

287
00:15:29,200 --> 00:15:31,900
it's energy-intensive. 
Not once twice, power-hungry 

288
00:15:31,900 --> 00:15:35,500
computers higher energy, 
intensive, like this is total 

289
00:15:35,500 --> 00:15:37,200
framing. 
This is bullshit. 

290
00:15:38,100 --> 00:15:42,300
So it goes on to say right about
different, different mining 

291
00:15:42,300 --> 00:15:46,000
operations, right about its 
potential air, pollution about 

292
00:15:46,000 --> 00:15:51,200
why aren't Why isn't the banking
sector held to the same? 

293
00:15:52,700 --> 00:15:56,400
Regulations as Bitcoin mining. 
Why is Bitcoin mining different?

294
00:15:56,400 --> 00:15:58,400
You would like to do know 
because Bitcoin is energy 

295
00:15:58,400 --> 00:16:02,300
intensive. 
So is the banking sector, why? 

296
00:16:02,500 --> 00:16:05,800
Because they want to get to 
decide what energy uses energy 

297
00:16:05,800 --> 00:16:06,600
uses. 
Okay? 

298
00:16:06,600 --> 00:16:07,500
And what is not? 
Okay. 

299
00:16:07,500 --> 00:16:10,600
And here's the thing guys, it's 
not about energy use and the 

300
00:16:10,600 --> 00:16:14,300
Norway example is always the 
best example, we covered this. 

301
00:16:14,300 --> 00:16:17,400
When it came out back in May 
Bitcoin mining and Norway gets 

302
00:16:17,400 --> 00:16:20,000
the green light as the proposed 
band rejected. 

303
00:16:20,000 --> 00:16:22,300
Let's check out who was trying 
to do it the proposed. 

304
00:16:22,700 --> 00:16:25,400
The proposal to ban mining in 
Norway was first suggested in 

305
00:16:25,400 --> 00:16:27,000
March. 
This year, by the red party 

306
00:16:27,100 --> 00:16:29,900
Norway's Communist party. 
In this week's vote, The 

307
00:16:29,900 --> 00:16:33,500
Proposal is overturned. 
As only Norway's left-leaning 

308
00:16:33,500 --> 00:16:37,000
parties, including the Socialist
left party, the red party, and 

309
00:16:37,000 --> 00:16:40,300
the green party would support a 
ban on cryptocurrency mining. 

310
00:16:40,300 --> 00:16:43,400
Now here's the key guys. 
Here's the signal Norway now. 

311
00:16:43,400 --> 00:16:47,300
Contributes as much as 1% to the
global Bitcoin hash rate here. 

312
00:16:47,300 --> 00:16:52,400
It is taking advantage of 100% 
renewable energy. 

313
00:16:52,600 --> 00:16:57,000
In the land of the Midnight Sun.
So even in Norway, even in 

314
00:16:57,000 --> 00:17:01,800
Norway, where 100% of Bitcoin 
miners are powered by renewable 

315
00:17:01,800 --> 00:17:05,599
energy, they still wanted to ban
it. 

316
00:17:05,599 --> 00:17:07,099
What's going on here? 
You think? 

317
00:17:07,099 --> 00:17:08,700
Oh, that's just a New York Times
article. 

318
00:17:08,700 --> 00:17:11,900
It's no big deal. 
They're not giving up because of

319
00:17:11,900 --> 00:17:14,099
course, they're not going to 
give up because it's about power

320
00:17:14,099 --> 00:17:17,700
and control. 
Here's a new letter to the EPA 

321
00:17:17,800 --> 00:17:22,700
to the Department of energy. 
Elizabeth Warren, says, 80 

322
00:17:22,700 --> 00:17:25,400
million tons of carbon dioxide 
emissions. 

323
00:17:26,599 --> 00:17:31,000
Here are some of the the 
Senators Rasheeda Talib Jeffrey,

324
00:17:31,000 --> 00:17:36,200
a mer clerkly, Jared, Huffman 
Elizabeth, Warren Sheldon, 

325
00:17:36,200 --> 00:17:41,300
Whitehouse Edward, Markey, Jared
Huffman actually got into a bout

326
00:17:41,300 --> 00:17:44,000
with us on Twitter when we call 
them out on his bullshit. 

327
00:17:44,500 --> 00:17:47,700
So and he retweeted simply 
Bitcoin, he called us crazy, 

328
00:17:47,900 --> 00:17:50,800
toxic Maxie's. 
We take a lot of pride in that. 

329
00:17:50,800 --> 00:17:54,200
But listen, couple couple things
that I want to mention. 

330
00:17:55,000 --> 00:17:58,000
They're not going to let up and 
make no mistake. 

331
00:17:58,100 --> 00:18:01,800
It's not about the environment. 
The Norway example is a great 

332
00:18:01,800 --> 00:18:04,600
example of that and another 
observation that I want to make.

333
00:18:04,600 --> 00:18:07,800
First of all, I want to preface 
this simply Bitcoin is a 

334
00:18:07,800 --> 00:18:10,400
political. 
We do not believe that Bitcoin 

335
00:18:10,400 --> 00:18:13,900
is a political technology. 
We believe that Bitcoin is for 

336
00:18:13,900 --> 00:18:17,000
everybody, Bitcoin helps the 
unbanked, it's the most 

337
00:18:17,000 --> 00:18:21,500
inclusive money, the world has 
ever seen, but why is it that 

338
00:18:21,500 --> 00:18:24,600
the left-wing parties all around
the world, whether it's Norway. 

339
00:18:24,800 --> 00:18:28,100
Whether it's China, whether it's
in the United States, they are 

340
00:18:28,100 --> 00:18:33,400
the main attackers of Bitcoin. 
I thought you guys were for the 

341
00:18:33,400 --> 00:18:35,800
little guy. 
What is going on here? 

342
00:18:36,400 --> 00:18:38,900
Why are you attacking the most 
inclusive money? 

343
00:18:38,900 --> 00:18:42,200
The world has ever seen? 
That helps people that don't 

344
00:18:42,200 --> 00:18:45,200
have bank accounts. 
Helps people that live in hyper 

345
00:18:45,200 --> 00:18:49,000
inflating countries helps 
refugees crossed the border and 

346
00:18:49,000 --> 00:18:52,600
take their wealth with them. 
Why are you guys attacking 

347
00:18:52,600 --> 00:18:55,600
Bitcoin mining? 
What is Going on here. 

348
00:18:55,600 --> 00:18:58,800
It's the left-wing parties in 
Europe, the left-wing parties 

349
00:18:58,800 --> 00:19:00,500
and Norway. 
The left-wing party off. 

350
00:19:00,500 --> 00:19:04,800
There's only one party in China 
and the left-wing party in in 

351
00:19:04,800 --> 00:19:07,700
the United States. 
Now it's not black and white. 

352
00:19:07,800 --> 00:19:11,300
There are plenty of Democrats 
that support Bitcoin but you 

353
00:19:11,300 --> 00:19:15,900
cannot deny that the people that
are fighting Bitcoin, the most 

354
00:19:16,000 --> 00:19:19,100
have come from a certain 
political ideology and I do not 

355
00:19:19,100 --> 00:19:23,100
believe that it's a good idea 
that Bitcoin becomes a partisan 

356
00:19:23,100 --> 00:19:26,300
issue because it's not It helps 
everybody. 

357
00:19:26,300 --> 00:19:29,700
So I'm calling bullshit. 
Elizabeth Warren. 

358
00:19:29,700 --> 00:19:32,200
You don't give a flying. 
Fuck about the Russian 

359
00:19:32,200 --> 00:19:34,300
sanctions. 
You don't care about the 

360
00:19:34,300 --> 00:19:36,500
environment. 
When it comes to this, you are 

361
00:19:36,500 --> 00:19:40,200
attacking it because you can't 
control Bitcoin. 

362
00:19:40,300 --> 00:19:43,200
That's what this is about. 
That's what it's always been 

363
00:19:43,200 --> 00:19:46,900
about and shame on you because 
you're willing to destroy 

364
00:19:46,900 --> 00:19:49,800
something that helps billions of
people. 

365
00:19:50,400 --> 00:19:53,400
Look at the examples that we 
talked about Cubans having 

366
00:19:53,400 --> 00:19:56,200
access to the Global Financial 
Anshel system through Bitcoin. 

367
00:19:56,200 --> 00:19:58,700
What about the Afghan? 
He's when the United States 

368
00:19:58,700 --> 00:20:02,600
decided to shut off the F Afghan
from the from the financial 

369
00:20:02,600 --> 00:20:04,800
system. 
When Western Union pulled out, 

370
00:20:04,900 --> 00:20:08,800
Bitcoin was there and that is 
what you're attacking. 

371
00:20:08,800 --> 00:20:11,200
Elizabeth Warren, that is what 
you're doing. 

372
00:20:11,300 --> 00:20:16,200
You're a fraud. 
Anyways, Phil It's gonna be 

373
00:20:16,200 --> 00:20:19,300
tough to follow that up. 
I gotta be honest with you I was

374
00:20:19,500 --> 00:20:22,600
that was fired. 
Look, I think I'm going to take 

375
00:20:22,600 --> 00:20:24,300
a different, a different spin on
this. 

376
00:20:25,200 --> 00:20:29,900
Look, it's incredibly 
disingenuous that we have 

377
00:20:30,100 --> 00:20:34,800
politicians that attack Bitcoins
energy use but at the same time,

378
00:20:34,800 --> 00:20:38,800
the same politicians aren't 
going and figuring out what the 

379
00:20:38,800 --> 00:20:42,000
environmental impact is of all 
of this plastic crap that is 

380
00:20:42,000 --> 00:20:43,500
produced. 
Okay. 

381
00:20:43,700 --> 00:20:46,400
There's that piece of it. 
The other piece is You know, if 

382
00:20:46,400 --> 00:20:48,600
you go take a look at the 
companies that contributed to 

383
00:20:48,600 --> 00:20:52,700
Elizabeth Warren in 2020. 
There's, you know, if you look 

384
00:20:52,700 --> 00:20:55,700
at the top 20 contributors IBM, 
is on that list. 

385
00:20:55,700 --> 00:21:01,300
Now, don't get me wrong, but IBM
has produced a lot of computers 

386
00:21:01,300 --> 00:21:04,500
throughout the years. 
They have used a lot of plastic.

387
00:21:04,700 --> 00:21:08,900
Okay, a lot of it. 
And it's interesting that in no 

388
00:21:08,900 --> 00:21:11,500
way shape or form, does she 
questioned and, and not even 

389
00:21:11,500 --> 00:21:14,800
just heard but that anybody, why
is nobody questioning IBM? 

390
00:21:14,800 --> 00:21:17,700
Why is nobody? 
D questioning AT&T, for laying 

391
00:21:17,700 --> 00:21:19,400
down, all of the cable. 
All the fiber. 

392
00:21:19,400 --> 00:21:21,200
What's that cost? 
What are you talking about? 

393
00:21:21,200 --> 00:21:23,100
It enables. 
It enables communication. 

394
00:21:23,100 --> 00:21:26,400
Well, guess what? 
Bitcoin enables sound money for 

395
00:21:26,400 --> 00:21:29,800
everyone. 
So, it actually has. 

396
00:21:29,800 --> 00:21:32,300
And again, this goes back to 
something, which I totally do 

397
00:21:32,300 --> 00:21:35,500
not remember who it was that 
said this, but it has to do 

398
00:21:35,500 --> 00:21:40,000
with. 
Do you think that that Bitcoin? 

399
00:21:41,500 --> 00:21:45,400
Is the energy that's wasted. 
Is it valuable, right? 

400
00:21:45,400 --> 00:21:49,200
Is it valuable that the energy 
that is being used is being used

401
00:21:49,200 --> 00:21:53,000
for Bitcoin now? 
If you value sound money, if you

402
00:21:53,000 --> 00:21:56,100
value censorship resistance, 
okay? 

403
00:21:56,300 --> 00:22:02,200
If you value these things then 
yes Bitcoin is worthwhile and 

404
00:22:02,200 --> 00:22:04,600
you know something else it's 
fantastic because the 

405
00:22:04,600 --> 00:22:06,500
politicians are saying one 
thing. 

406
00:22:06,500 --> 00:22:09,800
Certain politicians are saying 
one thing painting Bitcoin as an

407
00:22:09,800 --> 00:22:12,800
enemy. 
Unfortunately, for them Bitcoin 

408
00:22:12,800 --> 00:22:16,100
is transparent and doesn't have 
a head that you can chop off. 

409
00:22:16,700 --> 00:22:20,900
So as a result, It doesn't 
matter that they see that they 

410
00:22:20,900 --> 00:22:24,900
say all these things because in 
the end, we're seeing what the 

411
00:22:24,900 --> 00:22:27,500
truth is. 
And we're seeing what reality is

412
00:22:27,700 --> 00:22:32,400
and the reality is this, anybody
anybody can opt into Bitcoin or 

413
00:22:32,400 --> 00:22:34,400
opt-out a Bitcoin. 
It's exactly what you said, 

414
00:22:34,400 --> 00:22:39,100
Nico, the most inclusive 
Financial technology that that 

415
00:22:39,100 --> 00:22:43,200
mankind has ever seen. 
So how much is that worth? 

416
00:22:43,500 --> 00:22:46,500
I bet you that's worth a lot to 
people who don't have access to 

417
00:22:46,500 --> 00:22:48,200
good money. 
I bet you that's worth a lot to 

418
00:22:48,200 --> 00:22:51,700
the unbanked. 
How many people got wallets in 

419
00:22:51,700 --> 00:22:54,900
El, Salvador within the first 
three months? 

420
00:22:55,000 --> 00:22:57,300
What was that they had like over
1.6 million wallets? 

421
00:22:57,300 --> 00:23:01,600
I think, dude, that case very 
mean is more Bitcoin wallets. 

422
00:23:01,600 --> 00:23:04,200
In El Salvador, there is bank 
accounts, bank account, the 

423
00:23:04,200 --> 00:23:08,200
banking go system. 
Had a 50 year Head Start like 

424
00:23:08,200 --> 00:23:11,400
and there's a reason for that 
all the fucking red tape. 

425
00:23:11,400 --> 00:23:14,300
Okay. 
Bitcoin you download a wallet, 

426
00:23:14,300 --> 00:23:17,600
you're good to go. 
The bureaucracy is the problem 

427
00:23:17,600 --> 00:23:21,400
and people like Elizabeth Warren
are frauds because they aren't 

428
00:23:21,400 --> 00:23:25,600
for the little guy what they're 
about is power and control. 

429
00:23:25,600 --> 00:23:28,200
And you know what? 
There's people on both sides 

430
00:23:28,200 --> 00:23:31,700
that are like that, but dude, 
this pattern is fucking 

431
00:23:31,700 --> 00:23:34,300
troubling. 
I hope it ends and I think that 

432
00:23:34,300 --> 00:23:36,800
the way that you fight back 
against these people, is you 

433
00:23:36,800 --> 00:23:40,000
expose them and you call them 
out on their bullshit. 

434
00:23:40,000 --> 00:23:42,200
And you, dude, you can't deny 
this. 

435
00:23:42,200 --> 00:23:45,200
Like, this is undeniable Phil. 
Remember in the very beginning. 

436
00:23:45,200 --> 00:23:46,900
When we first started covering 
this, dude. 

437
00:23:46,900 --> 00:23:50,400
Like, like eight months ago, I 
was like I dude, I'm starting to

438
00:23:50,400 --> 00:23:52,400
pick up a pattern. 
We I would say this off are to 

439
00:23:52,400 --> 00:23:53,400
you. 
I was like, I'm starting to pick

440
00:23:53,400 --> 00:23:57,300
up a pattern but I don't know. 
Maybe I'm crazy dude. 

441
00:23:57,700 --> 00:24:00,500
Why is it only coming from one 
side? 

442
00:24:00,600 --> 00:24:02,800
I don't understand it. 
I don't get it. 

443
00:24:04,000 --> 00:24:05,800
Tinfoil hat time. 
Okay, here we go. 

444
00:24:05,800 --> 00:24:07,400
So now we're going to now we're 
going to speculate even though 

445
00:24:07,400 --> 00:24:10,500
we say we never speculate my 
speculation is this they're 

446
00:24:10,500 --> 00:24:13,000
going to convince these 
politicians that are for this 

447
00:24:13,000 --> 00:24:15,300
crap, okay? 
They are going to convince 

448
00:24:15,300 --> 00:24:17,300
whoever it is that they're going
to convince whatever States, 

449
00:24:17,300 --> 00:24:19,400
they're going to convince and 
it's going to be funny because 

450
00:24:19,400 --> 00:24:21,800
what's going to happen is that 
all of these states are going to

451
00:24:21,800 --> 00:24:24,500
quote unquote, use less energy 
but they're also going to be 

452
00:24:24,500 --> 00:24:26,700
able to produce dude less 
energy. 

453
00:24:26,800 --> 00:24:29,300
So what it's going to do is it's
going to cause a cascading 

454
00:24:29,300 --> 00:24:33,200
effect where they say you now 
have to use less energy because 

455
00:24:33,400 --> 00:24:36,100
less energy is being produced 
and the grid can handle his 

456
00:24:36,100 --> 00:24:37,900
money. 
It's already a religious man, 

457
00:24:37,900 --> 00:24:40,300
it's already happening. 
Check out these comments from 

458
00:24:40,300 --> 00:24:43,600
the New York Times article, bro.
It is the most depressing shit 

459
00:24:43,600 --> 00:24:46,600
I've ever seen. 
Check this out. 

460
00:24:46,700 --> 00:24:48,000
So it's already happening, 
right? 

461
00:24:48,100 --> 00:24:50,900
Okay, to be fair. 
There's a lot of bitcoiners in 

462
00:24:50,900 --> 00:24:54,000
this comments and it wasn't like
this the first time I checked, 

463
00:24:54,100 --> 00:24:57,700
but so awesome. 
Fuck, yeah, we're fighting back.

464
00:24:58,500 --> 00:25:00,200
So let's check, let's take a 
look at these. 

465
00:25:00,200 --> 00:25:02,900
Shouldn't these libertarian 
clowns, develop their own power 

466
00:25:02,900 --> 00:25:04,800
Network first. 
That's exactly what we're doing.

467
00:25:04,900 --> 00:25:08,500
Clown next one thank goodness 
for Senator Warren. 

468
00:25:08,600 --> 00:25:11,200
One of the few leaders paying 
attention to what is happening 

469
00:25:11,200 --> 00:25:13,900
in the world. 
Whenever a problem pops up, our 

470
00:25:13,900 --> 00:25:17,300
dear leader, Senator Warren has 
a plan to get ready to go if 

471
00:25:17,300 --> 00:25:19,700
crypto miners want to In you to 
operate. 

472
00:25:19,700 --> 00:25:21,800
This should be required. 
They should be required. 

473
00:25:21,800 --> 00:25:25,500
Ah next one electricity is a 
basic service that all US 

474
00:25:25,500 --> 00:25:27,900
citizens need until we 
transition. 

475
00:25:27,900 --> 00:25:31,200
Fully from fossil fuels, to 
Renewables our energy production

476
00:25:31,200 --> 00:25:34,700
contributes to climate change, 
which is costing billions, think

477
00:25:34,700 --> 00:25:37,000
California, wildfires and Texas 
floods. 

478
00:25:37,300 --> 00:25:40,800
Bitcoin mining is not a service 
that has a benefit to society. 

479
00:25:41,200 --> 00:25:45,000
Sounds like you got Financial 
privilege practical realities. 

480
00:25:45,200 --> 00:25:47,200
Anyways. 
So yeah, dude it like when I 

481
00:25:47,200 --> 00:25:50,400
read comments like that, Phil 
Honestly, it's so depressing 

482
00:25:50,400 --> 00:25:55,000
because people buy into that 
propaganda, they have no idea 

483
00:25:55,000 --> 00:25:58,300
about the effects and they just 
say, oh, climate climate climate

484
00:25:58,300 --> 00:25:59,900
climate and they just buy into 
it. 

485
00:26:00,000 --> 00:26:02,800
Are we denying climate change or
we saying that? 

486
00:26:02,800 --> 00:26:05,000
There isn't pollution, I live 
near the ocean. 

487
00:26:05,000 --> 00:26:08,200
In Miami, right, dude. 
There's a ton of garbage in the 

488
00:26:08,200 --> 00:26:11,100
ocean so I care about it. 
I hope that gets cleaned up. 

489
00:26:11,100 --> 00:26:14,700
What we don't agree in is 
creating a bigger government 

490
00:26:14,700 --> 00:26:17,800
bureaucracy because that has 
never been able to solve 

491
00:26:17,800 --> 00:26:20,500
problems. 
That's the thing, right? 

492
00:26:20,500 --> 00:26:24,100
So anyways, my two cents Phil. 
It's time for it. 

493
00:26:24,100 --> 00:26:27,900
Well, the daily fail brought to 
you by Swan. 

494
00:26:27,900 --> 00:26:29,700
Check them out. 
Swan. 

495
00:26:29,700 --> 00:26:33,200
Bitcoin.com automated Bitcoin 
savings plans. 

496
00:26:33,200 --> 00:26:35,800
Instant purchases, you've got 
ten bucks. 

497
00:26:35,800 --> 00:26:40,000
You've got ten million dollars. 
Swan has you covered the best 

498
00:26:40,000 --> 00:26:42,700
place to d.c. a? 
Check them out. 

499
00:26:42,700 --> 00:26:45,600
The link is down below. 
All right, I know that there's 

500
00:26:45,600 --> 00:26:48,300
so many people that have been 
waiting for updates, right? 

501
00:26:48,300 --> 00:26:55,600
We we did Video on the, the eith
roadmap to, to eith 2.0 that 

502
00:26:55,600 --> 00:26:58,000
involve the merge, the Splurge, 
The Purge. 

503
00:26:58,000 --> 00:27:00,900
And all of this wonderful 
rhyming stuff that they love to 

504
00:27:00,900 --> 00:27:05,000
have in fantasy Unicorn Land. 
Well fret, not because guess 

505
00:27:05,000 --> 00:27:10,500
what, etherium devs pencil in. 
They didn't pain it in, they 

506
00:27:10,500 --> 00:27:12,900
didn't make it, they didn't 
guarantee it, they penciled it. 

507
00:27:12,900 --> 00:27:16,400
And so you could erase it, but 
they penciled in the September 

508
00:27:16,400 --> 00:27:20,200
date for the merge. 
That's right, not the purge, but

509
00:27:20,200 --> 00:27:21,700
the merge. 
So here we go. 

510
00:27:22,500 --> 00:27:26,300
Come September, 19th. 
The network is expected to merge

511
00:27:26,300 --> 00:27:29,200
from its current state as a 
proof of work. 

512
00:27:29,200 --> 00:27:30,700
Blockchain. 
And here we go. 

513
00:27:30,700 --> 00:27:33,900
Niko, this is some of your 
favorite, your favorite rhetoric

514
00:27:34,500 --> 00:27:40,600
to an energy-efficient proof of 
stake network, of course, right?

515
00:27:40,600 --> 00:27:44,400
Because they want to remind you,
this is not just going to be 

516
00:27:44,400 --> 00:27:48,200
ultrasound money, but it's also 
going to be ultra clean. 

517
00:27:49,100 --> 00:27:50,800
It does it. 
All it does everything. 

518
00:27:51,300 --> 00:27:54,300
This merge timeline isn't final,
of course not, but it's 

519
00:27:54,300 --> 00:27:56,300
extremely exciting to see it 
coming together. 

520
00:27:56,300 --> 00:28:00,800
Tweeted Beacon chain, Community 
manager, super phys.org with, 

521
00:28:00,900 --> 00:28:05,000
please regard this as a planning
timeline and look out for 

522
00:28:05,000 --> 00:28:07,000
official announcements. 
That's right, all of you who 

523
00:28:07,000 --> 00:28:09,900
have your thirty three billion 
dollars locked into a shit 

524
00:28:09,900 --> 00:28:10,900
chain. 
That doesn't move. 

525
00:28:10,900 --> 00:28:14,000
And doesn't do anything fret. 
Not soon. 

526
00:28:14,100 --> 00:28:15,700
You may or may not have access 
to it. 

527
00:28:15,700 --> 00:28:17,600
We're not sure but we're 
excited. 

528
00:28:19,100 --> 00:28:21,400
The sales rhetoric is just 
absolutely brutal. 

529
00:28:21,700 --> 00:28:26,100
The beacon chain is the proof of
stake version of aetherium. 

530
00:28:26,300 --> 00:28:30,700
Currently running in parallel, 
to the proof of work based main 

531
00:28:30,700 --> 00:28:32,800
meth. 
I'm gonna just add in something 

532
00:28:32,800 --> 00:28:34,300
here. 
It's not actually running. 

533
00:28:34,400 --> 00:28:37,600
It doesn't actually do anything.
It just has a whole bunch of bag

534
00:28:37,600 --> 00:28:41,400
holders with their eith locked 
into it waiting for something to

535
00:28:41,400 --> 00:28:44,400
happen so it isn't actually 
doing anything anyways. 

536
00:28:44,700 --> 00:28:47,900
It launched in December 2020, 
marking the beginning of the 

537
00:28:48,100 --> 00:28:51,100
Multistage upgrade. 
Superf is included. 

538
00:28:51,100 --> 00:28:52,900
A more detailed outline of the 
next steps. 

539
00:28:52,900 --> 00:28:57,400
Including a final trial on the 
last aetherium test, net 

540
00:28:57,500 --> 00:29:00,400
Gourley. 
And here we go. 

541
00:29:00,400 --> 00:29:03,500
This is a tweet from Sasol da 
teeth, another, another great 

542
00:29:03,600 --> 00:29:07,100
eith shill account that I always
end up going back and forth with

543
00:29:07,100 --> 00:29:09,300
because he's terrible. 
Here we go. 

544
00:29:09,400 --> 00:29:11,800
Gourley the last public test net
to run through the merge, 

545
00:29:11,800 --> 00:29:15,200
transition should do so around, 
August 11th. 

546
00:29:15,200 --> 00:29:17,200
Okay. 
So keep all these dates in your 

547
00:29:17,200 --> 00:29:20,000
mind, August. 11th is when it 
goes through the test net by 

548
00:29:20,000 --> 00:29:22,900
September 19th. 
We should have good news. 

549
00:29:22,900 --> 00:29:26,800
Anyways, it's fantastic when the
goalpost don't actually exist 

550
00:29:27,500 --> 00:29:29,000
and that's exactly what they're 
showing. 

551
00:29:29,100 --> 00:29:32,800
So here we go, the merge and 
aetherium 2.0 instead of minors.

552
00:29:32,800 --> 00:29:35,500
Here we go, instead of miners 
around the world confirming 

553
00:29:35,500 --> 00:29:37,400
transactions and minting new 
blocks. 

554
00:29:37,700 --> 00:29:42,600
So called validators will do the
same a validator, at least in 

555
00:29:42,608 --> 00:29:46,100
the etherium network refers to 
an entity that has deposited. 

556
00:29:46,300 --> 00:29:50,600
A minimum of 32 aetherium to the
beacon chain. 

557
00:29:51,900 --> 00:29:56,300
Or that kind of, that kind of 
sounds like a top-down 

558
00:29:56,300 --> 00:29:59,600
structure. 
That kind of sounds like the the

559
00:29:59,600 --> 00:30:04,700
people who can afford to enter 
the system and maintain the 

560
00:30:04,700 --> 00:30:08,200
system get to do it and everyone
else just gets to pound sand. 

561
00:30:08,200 --> 00:30:11,700
And a lot of times, well, what 
I've seen from each Jill's is 

562
00:30:11,700 --> 00:30:14,800
they'll say, well, you know, you
could have bought those e 3 

563
00:30:14,800 --> 00:30:17,800
years ago and then that, you 
know, those 32 wouldn't have 

564
00:30:17,800 --> 00:30:23,200
costed you so much. 
That is some typical BS, there 

565
00:30:23,200 --> 00:30:25,400
will always be 21 million 
Bitcoins, okay? 

566
00:30:25,400 --> 00:30:26,900
That is the most that there will
ever be. 

567
00:30:27,500 --> 00:30:30,500
And guess what? 
You can go and buy Bitcoin 

568
00:30:30,700 --> 00:30:33,100
anytime if you so choose. 
And guess what? 

569
00:30:33,500 --> 00:30:35,900
Regardless of how much Bitcoin 
You by regardless of how much 

570
00:30:35,900 --> 00:30:38,800
Bitcoin I buy. 
We both have the exact same 

571
00:30:38,800 --> 00:30:42,700
power on the network. 
Exact same power not here 

572
00:30:42,700 --> 00:30:44,900
though. 
Not when you not not, when you 

573
00:30:44,900 --> 00:30:48,300
want to be an eat, validator and
you need to have at least 32 

574
00:30:48,300 --> 00:30:50,800
eith. 
What that does is it creates a 

575
00:30:50,800 --> 00:30:55,700
moat and it creates a barrier to
entry because etherium has a 

576
00:30:55,700 --> 00:31:00,500
tiered system and they're making
sure that the worker bees are 

577
00:31:00,500 --> 00:31:03,500
going to stay right down there. 
This is. 

578
00:31:03,500 --> 00:31:06,500
Anyways, to me all this just 
looks like a pyramid. 

579
00:31:06,900 --> 00:31:08,700
Okay. 
Alright let's wrap this one up. 

580
00:31:08,800 --> 00:31:11,900
The steak. 
The steak Keeps The Entity 

581
00:31:11,900 --> 00:31:14,600
economically aligned to continue
diligently. 

582
00:31:14,600 --> 00:31:18,700
Verifying transactions. 
If they don't some of that 

583
00:31:18,700 --> 00:31:21,500
deposit can be taken away from 
them. 

584
00:31:22,900 --> 00:31:27,600
What? 
So so if your quote-unquote not 

585
00:31:27,600 --> 00:31:31,500
validating correctly, daddy 
etherium is going to come and 

586
00:31:31,700 --> 00:31:36,200
take away some of your deposit. 
This is this is just weird and 

587
00:31:36,200 --> 00:31:38,200
stupid. 
Anyways, conversely, if they 

588
00:31:38,200 --> 00:31:41,200
continue to maintain high uptime
and prevent fraudulent activity,

589
00:31:41,300 --> 00:31:45,400
validators can earn additional 
etherium for their services. 

590
00:31:46,100 --> 00:31:50,700
Wow, that's pretty amazing. 
Anyways, I you know what, 

591
00:31:50,700 --> 00:31:55,000
honestly, this is just such a 
load of crap, people have no 

592
00:31:55,000 --> 00:32:00,000
idea what they're in for when 
this if it actually makes it to 

593
00:32:00,000 --> 00:32:02,600
proof of stake. 
I'm not really sure if it does. 

594
00:32:02,600 --> 00:32:06,600
But all I'm seeing here is a 
kantian effect and I'm seeing a 

595
00:32:06,600 --> 00:32:09,300
top down pyramid structure, 
okay? 

596
00:32:09,500 --> 00:32:15,200
Where there are the the devs and
you've got people like vitalic 

597
00:32:15,300 --> 00:32:19,100
and Joe, Lubin and us very small
group of people. 

598
00:32:19,500 --> 00:32:22,300
That are all the way at the top,
controlling everything. 

599
00:32:22,300 --> 00:32:25,600
And then you have a substructure
of these quote-unquote aetherium

600
00:32:25,600 --> 00:32:30,400
validators that are kept in. 
Check this is I'm tired. 

601
00:32:30,400 --> 00:32:32,400
This is not going to end well 
for anyone. 

602
00:32:32,500 --> 00:32:36,300
Anyways, Nico before I dive into
the next piece of the fail. 

603
00:32:36,600 --> 00:32:39,800
I just wanted to give everybody 
an update as to, you know where 

604
00:32:40,200 --> 00:32:44,300
where and when the merge splurge
and virgin Purge was going to 

605
00:32:44,300 --> 00:32:45,500
happen. 
Sorry about that. 

606
00:32:45,500 --> 00:32:48,300
It's really, really scary stuff 
man. 

607
00:32:48,300 --> 00:32:54,600
It's A lot of people haven't 
woken up to that thinking that 

608
00:32:54,600 --> 00:32:56,400
it's going to end differently as
naive. 

609
00:32:56,500 --> 00:32:57,900
Right? 
Proof of work was The 

610
00:32:57,900 --> 00:33:01,600
Innovation. 
It's what ensures rules without 

611
00:33:01,600 --> 00:33:05,700
rulers, right? 
That sounds like rules with 

612
00:33:05,700 --> 00:33:11,100
rulers and you know, so we can 
catch mint and punishments and 

613
00:33:11,100 --> 00:33:13,000
governance and government, 
right? 

614
00:33:13,100 --> 00:33:16,100
So think it's going to end 
differently, there is no doubt 

615
00:33:16,100 --> 00:33:18,300
in my mind that this will be 
captured by government 

616
00:33:18,300 --> 00:33:21,500
eventually. 
Um like it's just it's 

617
00:33:21,500 --> 00:33:24,900
inevitable and he's already 
setting it up. 

618
00:33:24,900 --> 00:33:29,400
Where you know these shit coins 
need to justify their existence,

619
00:33:29,500 --> 00:33:33,200
right? 
Because like what is the reason 

620
00:33:33,200 --> 00:33:35,800
for existing if it doesn't do 
something better than Bitcoin, 

621
00:33:35,900 --> 00:33:39,600
right? 
So clearly they're taking the 

622
00:33:39,700 --> 00:33:41,800
energy efficient narrative, 
right? 

623
00:33:41,800 --> 00:33:46,100
And we already know that they're
pushing that hard in the 

624
00:33:46,300 --> 00:33:49,800
cleaning up, crypto community 
and in front of Congress, right?

625
00:33:50,000 --> 00:33:53,200
They had a professor who was 
close to the metallic and guess 

626
00:33:53,200 --> 00:33:55,100
what? 
He was pushing proof of stake. 

627
00:33:55,200 --> 00:33:57,300
Right. 
Coincidentally, right so yeah, 

628
00:33:57,300 --> 00:34:00,500
this is a, we have to, we have 
to get ahead of this clearly. 

629
00:34:00,500 --> 00:34:03,500
Elizabeth Warren is working. 
Hard to capture the narrative 

630
00:34:03,500 --> 00:34:06,200
and you saw in those comments in
the New York Times article, 

631
00:34:06,400 --> 00:34:12,000
she's obviously successfully 
convince some people, but to 

632
00:34:12,000 --> 00:34:15,400
give bitcoiners credit, we 
definitely had a couple base 

633
00:34:15,400 --> 00:34:17,100
Pleasant there. 
Fighting the good fight. 

634
00:34:17,100 --> 00:34:20,400
Anyways, this is my two cents to
SATs, better said to SATs. 

635
00:34:20,500 --> 00:34:23,100
That's right, the two sats are 
worth more than two cents, Nico.

636
00:34:23,300 --> 00:34:26,400
And and to go back to something 
that you said, they specifically

637
00:34:26,400 --> 00:34:29,900
put at the top of the article 
that they are moving to energy 

638
00:34:29,900 --> 00:34:33,400
as you were saying, Energy 
Efficiency, Isn't proof of stake

639
00:34:33,400 --> 00:34:35,699
by the way. 
This is what the before we move 

640
00:34:35,699 --> 00:34:39,100
to the next fail. 
I just want to mention one point

641
00:34:39,500 --> 00:34:42,300
you ever noticed how they never 
have any actual numbers for this

642
00:34:42,300 --> 00:34:44,699
Energy Efficiency. 
Like it's very interesting 

643
00:34:44,699 --> 00:34:49,199
bitcoiners and and Bitcoin 
miners have to produce so much 

644
00:34:49,199 --> 00:34:54,699
data to prove what they're doing
and yet these shit coiners don't

645
00:34:54,699 --> 00:34:57,000
have to prove a damn thing. 
All they gotta do is play 

646
00:34:57,000 --> 00:34:59,500
buzzword Bingo right to just put
in the buzzwords. 

647
00:34:59,500 --> 00:35:04,100
It all looks good, the unicorns.
You know, and then we're happy. 

648
00:35:04,800 --> 00:35:07,800
This is anyways. 
These are mental gymnastics and 

649
00:35:07,800 --> 00:35:10,700
we're just surrounded, we're 
just surrounded by enemies. 

650
00:35:11,200 --> 00:35:14,400
Anyways, speaking of enemies, 
Nico, guess what? 

651
00:35:14,600 --> 00:35:18,500
For the people who thought that 
the bull the you know that the 

652
00:35:18,500 --> 00:35:22,200
Bull Run was over. 
There's some more shit coining 

653
00:35:22,200 --> 00:35:24,800
on the way and there is some new
shit coining Nico. 

654
00:35:24,800 --> 00:35:29,200
There is some new shit coining 
to lure in some noobs and fleece

655
00:35:29,200 --> 00:35:31,200
them, all right? 
And we're going to dive into it 

656
00:35:31,200 --> 00:35:33,400
right now. 
Let me ask you something, what 

657
00:35:33,400 --> 00:35:36,900
has been missing from defy Nico 
and it's okay. 

658
00:35:36,900 --> 00:35:39,000
If you don't know because I 
don't know either, because we 

659
00:35:39,000 --> 00:35:40,600
will find out what's been no 
idea. 

660
00:35:41,500 --> 00:35:43,300
I don't know, I have no fucking 
idea. 

661
00:35:44,000 --> 00:35:45,400
Let's take a look. 
What's been missing? 

662
00:35:45,700 --> 00:35:50,900
All right, we got we got tagged 
by at ziltoid xgf. 

663
00:35:51,100 --> 00:35:52,700
I obviously I'm not going to 
read that because I know what, 

664
00:35:53,500 --> 00:35:56,800
but all right, here we go, here 
we go, let's take a look. 

665
00:35:56,900 --> 00:35:59,900
He tagged Us in this tweet from 
a Julian gay. 

666
00:36:00,000 --> 00:36:04,300
Let's go take a look at this. 
Okay, looks like he's building 

667
00:36:04,300 --> 00:36:07,400
the at preda at cred underscore 
protocol. 

668
00:36:07,600 --> 00:36:12,100
Previously CEO of zendo. 
Imagine The Future, make it 

669
00:36:12,100 --> 00:36:14,000
happen. 
Oh, that sounds so good. 

670
00:36:14,400 --> 00:36:16,000
Right? 
Just gives me the warm and 

671
00:36:16,000 --> 00:36:17,700
fuzzies. 
Yeah, I want the future to be 

672
00:36:17,700 --> 00:36:19,000
beautiful. 
Give me the unicorns. 

673
00:36:19,000 --> 00:36:21,300
I love the unicorns. 
All right, let's take A look at 

674
00:36:21,300 --> 00:36:24,900
this over the last few months 
we've been working to build one 

675
00:36:24,900 --> 00:36:30,700
of the first credit scores for 
defy, oh that's what we've been 

676
00:36:30,700 --> 00:36:34,900
missing credit scoring on 
something that doesn't exist and

677
00:36:34,900 --> 00:36:39,100
doesn't do anything. 
Of course today, we're excited 

678
00:36:39,100 --> 00:36:42,300
to share the results of our 
first credit score with the 

679
00:36:42,300 --> 00:36:44,800
world. 
Read below. 

680
00:36:44,900 --> 00:36:47,900
Let's take a look at this. 
Our mission is to bring defy 

681
00:36:47,900 --> 00:36:52,800
lending to 1 billion people. 
We believe that defy will one 

682
00:36:52,800 --> 00:36:56,300
day provide access to financial 
resources to anyone with an 

683
00:36:56,300 --> 00:37:01,100
internet connection. 
One of the main reasons 

684
00:37:01,100 --> 00:37:05,400
quantification of risk is so 
important is that without it, 

685
00:37:05,700 --> 00:37:10,300
defy lending has to remain 
heavily and in this is the key 

686
00:37:10,300 --> 00:37:17,000
Niko heavily over collateralized
which means inaccessible, well, 

687
00:37:17,000 --> 00:37:21,700
that sounds like that sounds a 
little bit more like some 

688
00:37:21,700 --> 00:37:25,900
bullshit because when you over 
collateralized loans, if you ask

689
00:37:25,900 --> 00:37:28,600
me and I may be wrong. 
But I believe that that 

690
00:37:28,600 --> 00:37:31,700
increases the Security. 
Does it not because there's more

691
00:37:31,700 --> 00:37:34,000
money backing it? 
So it sounds like we want to go 

692
00:37:34,000 --> 00:37:38,100
the other way on this one. 
Anyways, anyways, moving on. 

693
00:37:38,700 --> 00:37:40,800
Let's go take a look at the cred
protocol for a second. 

694
00:37:40,900 --> 00:37:43,500
It's a decentralized credit 
scoring and it's expanding 

695
00:37:43,500 --> 00:37:45,500
access to defy. 
Well, that's fantastic. 

696
00:37:45,800 --> 00:37:48,300
Let's go to their website and 
see what their see what they're 

697
00:37:48,300 --> 00:37:51,400
selling us. 
Here we go, here we go. 

698
00:37:51,400 --> 00:37:54,400
So the decentralized credit 
scoring expanding access to defy

699
00:37:54,400 --> 00:37:55,300
lending. 
Alright, great. 

700
00:37:55,300 --> 00:37:58,200
Great to keep saying that but we
don't know why credit is a 

701
00:37:58,200 --> 00:38:01,600
decentralized credit. 
Or a financial primitive or at 

702
00:38:01,600 --> 00:38:02,700
least they have one word in 
there. 

703
00:38:02,700 --> 00:38:05,500
That actually is accurate. 
It is primitive that enables 

704
00:38:05,700 --> 00:38:11,000
here's the buzzword Bingo web 
three smart contracts to make 

705
00:38:11,100 --> 00:38:14,100
better risk-based decisions 
boom. 

706
00:38:14,200 --> 00:38:17,800
We've got smart contracts, we've
got web three, we've got defy. 

707
00:38:18,800 --> 00:38:22,500
This is going to be good. 
Okay, defy loans are over 

708
00:38:22,500 --> 00:38:25,100
collateralized, go over, 
collateralized up to eight 

709
00:38:25,100 --> 00:38:28,500
hundred percent making them 
unusable by regular people. 

710
00:38:28,500 --> 00:38:30,600
That's right. 
People that were getting fleeced

711
00:38:30,600 --> 00:38:32,700
in the last Market. 
All those regular people? 

712
00:38:33,000 --> 00:38:36,500
Nah, they were using it. 
That's not what's happening at 

713
00:38:36,500 --> 00:38:38,500
all. 
We're gonna fix that for you. 

714
00:38:38,800 --> 00:38:42,000
We're going to add more risk and
make it so that anybody can get 

715
00:38:42,000 --> 00:38:46,400
fleeced even faster. 
Anyways by quantifying borrowing

716
00:38:46,500 --> 00:38:49,600
risks. 
We're enabling access to loans 

717
00:38:49,600 --> 00:38:51,900
that make a difference. 
Now, I just want to bring 

718
00:38:51,900 --> 00:38:55,800
people's attention to Freddie, 
Mac and Fannie, Mae and 

719
00:38:55,800 --> 00:38:59,200
specifically Moody's Moody's is 
a rating. 

720
00:38:59,300 --> 00:39:01,700
CC button paid for by the 
highest bidder. 

721
00:39:02,800 --> 00:39:05,700
There's no way that this can 
happen to this centralized 

722
00:39:05,700 --> 00:39:07,700
entity. 
Okay guys, there's no way that 

723
00:39:07,700 --> 00:39:09,600
this can happen. 
I just want you to keep that in 

724
00:39:09,600 --> 00:39:13,200
mind. 
All right, so let's go take a 

725
00:39:13,200 --> 00:39:15,800
look very quickly at the cred 
protocol. 

726
00:39:16,100 --> 00:39:21,800
Decentralized credit scoring. 
Okay, let's take a look and this

727
00:39:21,800 --> 00:39:25,700
is where this is where you're 
supposed to get excited under 

728
00:39:25,700 --> 00:39:31,300
collateralized consumer lending 
is a for Trillion dollar market.

729
00:39:31,300 --> 00:39:35,700
It's not happening in defy. 
Yet the missing components is 

730
00:39:35,900 --> 00:39:38,700
the quantification of risk at 
scale. 

731
00:39:39,100 --> 00:39:42,100
Aka the credit score. 
That's what we're building at 

732
00:39:42,100 --> 00:39:43,800
cred protocol. 
That's right guys. 

733
00:39:44,600 --> 00:39:47,900
We need more insecurity in that 
Network. 

734
00:39:47,900 --> 00:39:51,600
We need to be able to rug pull 
you a little bit faster, okay? 

735
00:39:52,100 --> 00:39:54,400
And it's fantastic, that they're
going to bring these under 

736
00:39:54,400 --> 00:39:57,100
collateralized sorry that 
they're gonna bring under 

737
00:39:57,100 --> 00:40:00,500
collateralized consumer Lending.
Adding to this four trillion 

738
00:40:00,500 --> 00:40:02,000
dollar market. 
Now, with that supposed to do, 

739
00:40:02,100 --> 00:40:06,200
is it supposed to make you feel 
really good, the possibilities 

740
00:40:06,500 --> 00:40:09,100
boy, I'd like to get my piece of
that four trillion dollar 

741
00:40:09,100 --> 00:40:12,000
market. 
Well, let's take a look because 

742
00:40:12,700 --> 00:40:16,500
they essentially, they claim 
that this hasn't happened in 

743
00:40:16,500 --> 00:40:19,400
defy yet. 
There hasn't been this consumer 

744
00:40:19,400 --> 00:40:23,100
lending, but wait, let's go take
a look at the wrecked, 

745
00:40:23,100 --> 00:40:25,000
leaderboard. 
The wrecked leader board 

746
00:40:25,000 --> 00:40:29,200
consists of 96 projects that God
that were rug pull. 

747
00:40:29,300 --> 00:40:33,400
Thing and that were effectively 
lending, it's insane. 

748
00:40:33,500 --> 00:40:36,200
And if we take a look, one of 
the one of the projects, one of 

749
00:40:36,200 --> 00:40:40,400
the projects that they tout is 
compound, compound is number 6 

750
00:40:40,400 --> 00:40:45,800
on the list and rug pulled for 
147 million dollars back in 

751
00:40:45,800 --> 00:40:49,600
2021. 
So to state that this bullshit 

752
00:40:49,600 --> 00:40:53,800
hasn't happened yet, it has 
okay, it's already been there. 

753
00:40:53,800 --> 00:40:56,800
It's already been rug pulling. 
Even though the loans are over 

754
00:40:56,800 --> 00:40:59,100
collateralized, it doesn't mean 
anything. 

755
00:40:59,300 --> 00:41:02,700
Oh, okay. 
It means absolutely nothing and 

756
00:41:02,700 --> 00:41:04,000
I just wanted to remind 
everything. 

757
00:41:04,100 --> 00:41:07,300
I just want to remind everyone 
of this here, lies the names of 

758
00:41:07,300 --> 00:41:12,800
some of the defy protocols that 
have fallen victim to attack 

759
00:41:13,100 --> 00:41:17,100
exploit or Arbitrage. 
This list is not complete and it

760
00:41:17,100 --> 00:41:19,000
never will be. 
So, I want you guys to think 

761
00:41:19,000 --> 00:41:22,800
about this, when you think about
a stupid project that offers 

762
00:41:22,800 --> 00:41:26,100
quote, unquote, defy, credit 
scores, really what this is 

763
00:41:26,100 --> 00:41:29,100
going to do is offer a pass to 
scam. 

764
00:41:29,300 --> 00:41:32,900
Worse to be allowed to run. 
Pull you and say hey we had a 

765
00:41:32,900 --> 00:41:36,900
very low score. 
You should have known the risks.

766
00:41:37,400 --> 00:41:39,900
That that's what I see. 
So look I just think that this 

767
00:41:39,900 --> 00:41:43,400
is a complete load of crap. 
I can't believe that people are 

768
00:41:43,408 --> 00:41:46,300
going to fall for this. 
Let's let's just go back through

769
00:41:46,300 --> 00:41:48,200
it, guys. 
We had the ico's. 

770
00:41:48,400 --> 00:41:51,400
Okay. 
We had, we had the IE OHS. 

771
00:41:51,500 --> 00:41:53,500
Okay, which were the exchange 
offerings. 

772
00:41:53,600 --> 00:41:58,500
Okay, we had defy, we've been 
FTS now. 

773
00:41:58,800 --> 00:42:03,600
We have another layer on top of 
that for credit scoring these 

774
00:42:03,600 --> 00:42:08,100
crappy defy. 
Don't fall for this shit, okay? 

775
00:42:08,100 --> 00:42:11,600
These people aren't going to 
offer any level of security in 

776
00:42:11,600 --> 00:42:15,900
any way, shape, or form a credit
score to a scam, doesn't matter.

777
00:42:16,300 --> 00:42:19,400
Okay, never forget all of the 
projects that we've gone through

778
00:42:19,400 --> 00:42:22,400
and we showed you. 
Some of them were audited 

779
00:42:22,400 --> 00:42:27,500
audited by quote-unquote, 
trusted Auditors, like sir, tick

780
00:42:27,500 --> 00:42:31,800
Quan stamp Peck Shield. 
It doesn't matter. 

781
00:42:32,300 --> 00:42:34,600
It makes no difference when you 
ever want your money's gone. 

782
00:42:34,600 --> 00:42:35,600
It's gone. 
Gone. 

783
00:42:35,900 --> 00:42:38,500
So anyways. 
Thank you very, very much 

784
00:42:38,500 --> 00:42:42,200
deltoid for tagging Us in this. 
I think that this is just going 

785
00:42:42,200 --> 00:42:45,900
to be another rug pull and I 
can't wait to see the quote 

786
00:42:45,900 --> 00:42:49,900
unquote shit coin projects that 
get a credit score and then we 

787
00:42:49,900 --> 00:42:52,000
end up reading about them in the
fail. 

788
00:42:52,000 --> 00:42:54,900
Three weeks later. 
When they've rug pulled Nico. 

789
00:42:54,900 --> 00:42:59,300
Any thoughts on this? 
New innovation dude, spot on 

790
00:43:00,200 --> 00:43:03,900
fucking it's just it's just seen
garbage over and over again. 

791
00:43:03,900 --> 00:43:06,300
There is no innovation. 
And it's all centralized 

792
00:43:06,300 --> 00:43:07,900
garbage. 
All these shit coins are just 

793
00:43:07,900 --> 00:43:12,900
designed to redistribute wealth.
Take money, take your money and 

794
00:43:12,900 --> 00:43:15,400
Rich the founders. 
A lot of these rug pools are 

795
00:43:15,400 --> 00:43:17,900
even by the founders themselves.
Right that what, what a 

796
00:43:17,900 --> 00:43:20,000
convenient way to get out of 
that, right? 

797
00:43:20,300 --> 00:43:24,400
So yeah, it's just it doesn't 
surprise me and it's what you 

798
00:43:24,400 --> 00:43:26,000
said in the beginning. 
That's so funny. 

799
00:43:26,200 --> 00:43:28,700
Like we thought they covered 
every angle know. 

800
00:43:28,700 --> 00:43:31,600
But now you need credit scores 
for your creds, right? 

801
00:43:31,700 --> 00:43:34,600
And I know how much you like 
Craig's fill so no man. 

802
00:43:34,900 --> 00:43:38,800
It's just, it's just total total
clown World, bro, but it's good 

803
00:43:38,800 --> 00:43:42,000
that we keep exposing them. 
We keep like, whether it's the 

804
00:43:42,000 --> 00:43:44,700
climate stuff, whether it's the 
shit coins, you just have to 

805
00:43:44,700 --> 00:43:49,500
shine a light of Truth on this. 
Just expose it and you know, 

806
00:43:49,500 --> 00:43:51,900
hope as many people as possible.
Wake up. 

807
00:43:51,900 --> 00:43:54,800
We've been getting a lot of a 
lot of positive comments lately.

808
00:43:54,800 --> 00:43:58,100
Feel, you know, especially now 
that the bear Market hits, you 

809
00:43:58,100 --> 00:43:59,600
know? 
So yeah, we're going to keep 

810
00:43:59,600 --> 00:44:02,300
doing us man and I know we're 
going to get a lot more hate, 

811
00:44:02,300 --> 00:44:04,700
especially, you know, when a lot
of these girl, a lot of these 

812
00:44:04,700 --> 00:44:06,300
people. 
Their business is a scam other 

813
00:44:06,300 --> 00:44:08,000
people. 
We're very inconvenient. 

814
00:44:08,000 --> 00:44:11,700
We're toxic plebs bro. 
Remember we're toxic pledge to 

815
00:44:11,700 --> 00:44:13,700
them because we're calling out 
their bullshit. 

816
00:44:13,700 --> 00:44:17,400
Anyways dude we even got plant 
we even got blocked by Plan B, 

817
00:44:17,400 --> 00:44:19,300
bro. 
Because we sided with Corey 

818
00:44:19,300 --> 00:44:22,400
right from the beginning. 
You know, we didn't know what 

819
00:44:22,400 --> 00:44:26,900
the fuck was going on, but we 
trust and Corey and Lord that 99

820
00:44:26,900 --> 00:44:29,400
percent variance we go. 
We just don't understand it 

821
00:44:29,400 --> 00:44:32,100
because we just don't, we're not
talented enough, but I just 

822
00:44:32,100 --> 00:44:34,400
wanted to make another point 
about the credit score thing. 

823
00:44:34,900 --> 00:44:36,900
Member this. 
Okay, I always thought we always

824
00:44:36,900 --> 00:44:39,700
talk about the partnership 
parade. 

825
00:44:39,700 --> 00:44:47,100
The technology trap, this is 
validation by association, okay?

826
00:44:47,100 --> 00:44:50,000
And that's what that is. 
Hey, look look guys, you don't 

827
00:44:50,000 --> 00:44:52,200
need to worry because we're 
going to offer you a credit 

828
00:44:52,200 --> 00:44:56,100
score and and then when you look
at that you'll know how risky 

829
00:44:56,100 --> 00:44:59,600
the project is like you couldn't
tell that a scam was risky to 

830
00:44:59,600 --> 00:45:03,600
begin with. 
Anyways I just yeah man this is 

831
00:45:03,600 --> 00:45:05,600
garbage and we keep it. 
Closing it. 

832
00:45:05,700 --> 00:45:08,400
Yep, it's garbage. 
And we're going to keep calling 

833
00:45:08,400 --> 00:45:12,100
out the bullshit but anyways 
Phil it's time for the Daily 

834
00:45:12,100 --> 00:45:14,700
Mirror of you brought to you by 
Citadel 21. 

835
00:45:14,700 --> 00:45:16,400
It's the best. 
Bitcoin cultural scene is 

836
00:45:16,400 --> 00:45:19,800
stories articles Comics but 
actual bitcoiners artwork for 

837
00:45:19,800 --> 00:45:22,800
volume 12. 
This is artwork for volume 11 is

838
00:45:22,800 --> 00:45:26,200
the artwork for volume to 
volunteer is almost sold out 

839
00:45:26,200 --> 00:45:29,000
because there's only a thousand 
physical copies made per volume.

840
00:45:29,200 --> 00:45:33,400
Guys, get your prints are 
collectors items of pseudo 21 

841
00:45:33,400 --> 00:45:34,800
today before they run out. 
All right? 

842
00:45:34,900 --> 00:45:38,300
Buddy, welcome to the Daily. 
Bitcoin mean review review 

843
00:45:38,300 --> 00:45:41,700
Bitcoin memes, they play an 
essential role on this narrative

844
00:45:41,700 --> 00:45:43,700
trench warfare and Bitcoin 
culture. 

845
00:45:43,700 --> 00:45:45,400
They're awesome. 
Let's get to the memes first 

846
00:45:45,400 --> 00:45:49,400
meme by t.k. toxic at. 
Let's check it out. 

847
00:45:49,400 --> 00:45:52,400
I have no desires to fit in. 
No plans to walk the crowd. 

848
00:45:52,400 --> 00:45:54,500
I have my own mind, heart, and 
soul. 

849
00:45:54,500 --> 00:45:56,800
I follow the truth. 
Not the media, and devil 

850
00:45:56,800 --> 00:45:58,900
worshippers. 
And okay, I like that. 

851
00:45:58,900 --> 00:46:00,100
Like that. 
It's funny. 

852
00:46:00,200 --> 00:46:01,800
Well done, very well done. 
All right. 

853
00:46:01,800 --> 00:46:04,800
By Rasmus you are here paying 
taxes to Pedal? 

854
00:46:05,400 --> 00:46:07,900
To stay out of a cage. 
Well, they bombed children. 

855
00:46:07,900 --> 00:46:11,500
Destroy your savings collapsed 
economy and and blame it on you.

856
00:46:11,500 --> 00:46:14,300
I love the bread in the blue 
because again, right the 

857
00:46:14,300 --> 00:46:16,600
political parties man. 
Does it matter who's in power? 

858
00:46:16,600 --> 00:46:18,500
They just print money, they 
don't care. 

859
00:46:18,600 --> 00:46:21,300
And then they're like, oh, it's 
the Democrats if you vote Us in 

860
00:46:21,400 --> 00:46:23,700
will fix everything and then the
Democrats get empowered. 

861
00:46:23,700 --> 00:46:27,300
So the Republicans if you know 
it's just it's a total scam. 

862
00:46:28,400 --> 00:46:31,400
Yeah dude. 
And this really goes to, you 

863
00:46:31,400 --> 00:46:34,300
know the sovereign individual 
and how he's telling how 

864
00:46:34,500 --> 00:46:35,300
Bitcoin. 
Oin. 

865
00:46:35,400 --> 00:46:37,500
Empowers. 
The individual to move to 

866
00:46:37,500 --> 00:46:39,600
different jurisdictions. 
That's, it would be create an 

867
00:46:39,600 --> 00:46:43,200
Arbitrage situation and 
hopefully would fill always 

868
00:46:43,200 --> 00:46:46,400
says, governments are actually 
hadn't have to provide value now

869
00:46:46,600 --> 00:46:48,400
that you'll see Capital flight 
fleeing. 

870
00:46:48,400 --> 00:46:53,200
Anyways, when you find out 
Bitcoin is more than gu, that's 

871
00:46:53,200 --> 00:46:55,100
not what I was expecting, but 
I'm here for it. 

872
00:46:55,100 --> 00:46:57,700
I love it. 
Alright, moving on to the next 

873
00:46:57,700 --> 00:46:59,200
one. 
All right. 

874
00:46:59,200 --> 00:47:02,700
Right. 
Said Fred the great resist. 

875
00:47:02,700 --> 00:47:04,500
I love that they will. 
They will own. 

876
00:47:05,000 --> 00:47:06,900
And they will be unhappy. 
It's so true. 

877
00:47:07,200 --> 00:47:12,700
Bitcoin is the great. 
I told you Peter scam coins 

878
00:47:12,700 --> 00:47:15,200
cause unnecessary stress. 
You silly cunt. 

879
00:47:15,200 --> 00:47:16,500
That's hilarious. 
All Right. 

880
00:47:16,500 --> 00:47:19,500
Moving On by Paulo or do you 
know, he's the chief technology 

881
00:47:19,500 --> 00:47:23,700
officer at bitfenix and also the
chief CTO of tether as well, 

882
00:47:24,000 --> 00:47:27,400
it's alive and it's Bitcoin. 
It's a Franca science like art. 

883
00:47:27,400 --> 00:47:30,200
It's not to do it. 
It's clever. 

884
00:47:30,200 --> 00:47:34,700
Anyway, so that for that, I am 
looking, I'm looking I'm looking

885
00:47:35,000 --> 00:47:37,900
I'm going to get, I'm going to 
give it a hat. 

886
00:47:38,500 --> 00:47:41,000
The Dorado Beach hat. 
Boom! 

887
00:47:41,500 --> 00:47:44,300
What would you give those memes?
It's so crazy. 

888
00:47:44,300 --> 00:47:46,500
How were they end up in sink 
without even discussing 

889
00:47:46,500 --> 00:47:48,200
anything? 
Okay, look, I know we have a 

890
00:47:48,208 --> 00:47:49,100
spot. 
I know we have a clothing 

891
00:47:49,100 --> 00:47:51,200
sponsor. 
I was given, I was given 

892
00:47:51,200 --> 00:47:57,200
something by a fellow Bitcoin, 
ER, Max by bit and he has a web 

893
00:47:57,200 --> 00:47:59,000
store with mr. 
Krown called ungovernable 

894
00:47:59,000 --> 00:48:04,700
Misfits.com. 
And I receive today, my bad. 

895
00:48:05,000 --> 00:48:07,300
Hoodie. 
So yep. 

896
00:48:07,300 --> 00:48:10,100
That's what I'm given. 
First score by rat. 

897
00:48:10,700 --> 00:48:12,700
Very good scores, very good 
scores. 

898
00:48:12,700 --> 00:48:15,100
Anyways guys, we want to know. 
If you agree with our scores, 

899
00:48:15,100 --> 00:48:18,100
you disagree, let us know down 
in the comment section comment. 

900
00:48:18,100 --> 00:48:20,600
Comment comment, comment. 
Make sure to join our telegram 

901
00:48:20,600 --> 00:48:23,300
group where you can link us. 
Some awesome meme serve you 

902
00:48:23,300 --> 00:48:26,100
because it's a Bitcoin me review
and we need awesome memes. 

903
00:48:26,300 --> 00:48:28,100
Join the telegram. 
It's waiting for you. 

904
00:48:28,100 --> 00:48:31,900
Down the link description, and 
Make sure to subscribe to us. 

905
00:48:31,900 --> 00:48:33,700
Alternative video platforms, 
like, Rumble.com. 

906
00:48:33,700 --> 00:48:35,800
In a personal favor. 
Bitcoin tv.com. 

907
00:48:36,200 --> 00:48:38,300
Anyways, fill it was an open 
source software released today. 

908
00:48:38,400 --> 00:48:42,200
Why don't everybody about it 
software releases brought to you

909
00:48:42,200 --> 00:48:43,900
by Cipher safe. 
Check them out. 

910
00:48:43,900 --> 00:48:48,500
Cipher safe dot IO, forget the 
paper papers dead store your 

911
00:48:48,500 --> 00:48:52,100
seed in steel store. 
Your seed in the Cipher wheel or

912
00:48:52,100 --> 00:48:54,600
the only new Cipher grid. 
They both come with a 

913
00:48:54,608 --> 00:48:57,900
tamper-resistant wire and the 
grid comes with a punch tool. 

914
00:48:58,100 --> 00:49:00,600
All right, we've got BTC pay 
server. 

915
00:49:00,800 --> 00:49:03,400
In one dot 6.1. 
That's right. 

916
00:49:03,400 --> 00:49:05,500
These guys are releasing stuff 
super fast. 

917
00:49:05,500 --> 00:49:08,300
I think we just announced 1.6.2 
last week. 

918
00:49:08,300 --> 00:49:11,900
Anyways, 1.6, dot 1 is released 
and the link is down below in 

919
00:49:11,900 --> 00:49:14,600
the show notes. 
What is what is BTC pay server? 

920
00:49:14,600 --> 00:49:18,200
Phil what is be TCP server? 
Yes, okay. 

921
00:49:18,200 --> 00:49:21,700
BTC pay server is a merchant 
tool which allows people to 

922
00:49:21,700 --> 00:49:25,200
accept Bitcoin and lightning 
payments, really easily. 

923
00:49:25,200 --> 00:49:30,000
You can host your own BTC pay 
server, or you can have, you can

924
00:49:30,000 --> 00:49:32,800
have them Them host it. 
So it could be, you know, it 

925
00:49:32,800 --> 00:49:34,600
could be hosted. 
Let's say on the cloud so to 

926
00:49:34,600 --> 00:49:37,200
speak. 
Awesome. 

927
00:49:37,300 --> 00:49:39,400
Good with it. 
Yeah, that's good. 

928
00:49:39,600 --> 00:49:40,700
Good with that one. 
All right, cool. 

929
00:49:41,500 --> 00:49:43,100
I forgot that we were starting 
to have that. 

930
00:49:43,100 --> 00:49:45,600
I'm sorry. 
All right we're adding it back. 

931
00:49:45,600 --> 00:49:47,900
We used to do it then we stop. 
Now we're doing it again. 

932
00:49:48,000 --> 00:49:49,900
Thank you guys. 
Thank you for always keeping us 

933
00:49:49,900 --> 00:49:51,600
honest. 
And asking us for this stuff. 

934
00:49:51,600 --> 00:49:54,600
Okay, because we were doing it, 
then we stopped anyways. 

935
00:49:55,100 --> 00:49:57,100
Don't forget to check us out on 
our Audio. 

936
00:49:57,100 --> 00:50:01,600
Only platforms, Apple podcast, 
Spotify and anchor. 

937
00:50:01,600 --> 00:50:04,500
If you want to stream a SATs. 
Check us out on Fountain dot f 

938
00:50:04,500 --> 00:50:06,500
m. 
You can stream us at Cool 

939
00:50:06,500 --> 00:50:07,600
Breeze. 
Awesome. 

940
00:50:07,600 --> 00:50:09,600
Thank you for all right guys. 
Before we going to give a very 

941
00:50:09,600 --> 00:50:12,400
special shout-out to our awesome
clothing sponsor represent 

942
00:50:12,400 --> 00:50:15,600
LTD.com fill a night where the 
hoodies every single day, 

943
00:50:15,600 --> 00:50:17,600
different designs. 
We obviously have our favorites 

944
00:50:17,600 --> 00:50:20,400
but we try to change it up and 
it's very comfy. 

945
00:50:20,400 --> 00:50:22,400
It's stylish. 
I literally wear this all the 

946
00:50:22,400 --> 00:50:25,100
time at the airport, you only 
see me in represent hoodie. 

947
00:50:25,300 --> 00:50:27,300
Not because they pay us but 
because they're actually 

948
00:50:27,300 --> 00:50:31,500
genuinely comfortable. 
Anyways honestly we wouldn't 

949
00:50:31,500 --> 00:50:34,100
have accepted it if it was an 
awesome right that we kind of 

950
00:50:34,108 --> 00:50:36,700
have a we have a strict policy. 
We get so many Furs from shit 

951
00:50:36,700 --> 00:50:38,400
coins. 
Anyways, guys, they're stylish, 

952
00:50:38,400 --> 00:50:41,400
they're comfy coming out with 
Bitcoin merch, simply Bitcoin 

953
00:50:41,400 --> 00:50:42,500
merch. 
It's awesome. 

954
00:50:42,500 --> 00:50:45,100
Music, it take advantage of the 
promo code down below to get 10%

955
00:50:45,100 --> 00:50:47,900
off. 
Represent LTD.com also. 

956
00:50:47,900 --> 00:50:51,600
Check out Simply Bitcoins blog. 
It's headed by the Legendary 

957
00:50:51,600 --> 00:50:54,900
Pirate prior Beach Bum. 
One of the OG plebs you check it

958
00:50:54,900 --> 00:50:56,200
out at 
www.simpleandsensational.com 

959
00:50:58,400 --> 00:51:00,900
some awesome articles bear 
Market tires. 

960
00:51:00,900 --> 00:51:04,100
He has some expose a saint all 
the frauds, it's awesome. 

961
00:51:04,200 --> 00:51:06,800
It was so toxic that I was like 
Pirate. 

962
00:51:06,900 --> 00:51:08,400
You got to tone it down. 
He's like Nico. 

963
00:51:08,500 --> 00:51:10,600
Shut the fuck up. 
I'm not gonna do that. 

964
00:51:10,600 --> 00:51:12,900
So that's how toxic it is. 
You definitely want to go check 

965
00:51:12,900 --> 00:51:14,300
it out guys. 
That was our show. 

966
00:51:14,300 --> 00:51:15,500
If you enjoyed the show, you 
know what to do? 

967
00:51:15,500 --> 00:51:18,500
Smash of course you want to 
continue hearing the Bitcoin. 

968
00:51:18,500 --> 00:51:21,300
Use from the fleet plant 
perspective and the catastrophic

969
00:51:21,300 --> 00:51:23,100
feels definitely consider 
subscribing. 

970
00:51:23,200 --> 00:51:25,700
Just simply Bitcoin guys will 
see you. 

971
00:51:25,800 --> 00:51:28,000
Now, this is Saturday episode, 
we're going to take a break, 

972
00:51:28,400 --> 00:51:30,900
we'll see you on Monday for a 
brand new episode of Simply 

973
00:51:30,900 --> 00:51:32,400
Bitcoin. 
Don't let the shit coin. 

974
00:51:32,400 --> 00:51:36,100
Scammers fool you into the 
validation by. 

975
00:51:36,200 --> 00:51:38,300
Ation. 
It's only Bitcoin. 

976
00:51:38,600 --> 00:51:40,000
That's the real game in town.