Yeah. Welcome to Simply Bitcoin live
your number one source for the peaceful Bitcoin Revolution with
color, breaking news culture me, Matic Warfare.
We will be your guide through the separation of money and
state. Anyways, interesting, Bitcoin
magazine tweet saying that Elon Musk was going to create their
own. He was going to create their
own, their own crap coin for for Twitter, interesting.
So we're going to get into the details of that.
Look, I think initially you can get away with that.
But what I would like to make the case for is I think all all
roads eventually lead to bitcoin, right?
Because Bitcoins because of its decentralization is the only one
that's going to be able to resist capture by government.
So if he is on a mission right to, you know we've heard him say
this, right. He wants to make Twitter kind of
like the WeChat of the states or in that includes a Payment
platform in it. I think eventually he's just
going to have no choice but to adopt something like Bitcoin.
But right now he's making it clear that he will not use
Bitcoin for Twitter payments. I think eventually that's going
to change. But for now maybe Elon Elon is
going through like the whole 2017 thing, right?
You know, you guys all know that Meme in the beginning, right?
Everyone starts off like, oh, I know everything.
I'm gonna, I'm gonna buy 50 coins and this is how much My
portfolio is and whatever and then everyone get in eventually,
get wrecked. And then over time you realize
why it's Bitcoin only anyway. So we're going to talk about
about that as well and then we nailed this.
Okay, we absolutely hit this on the head on Wednesday or a
couple days ago, things like Tuesday or Wednesday, zepa
sewed. Said Barry silbert was under
investigation, we had Cameron Winklevoss.
I that was basically accusing him of fraud.
And then it was rumored that there was, there was an
investigation, will it just came out last night that the SEC is
they, are they charged Genesis, which is the, the part of Barry
silbert, dcg digital currency group that provided their own
product to Gemini? Well, it just came out the news
just breaking that they charged Gemini and Genesis.
Absolutely Bonkers. So, of course, we have all the
details. We have all the receipts, we're
going to get through all that. But once again, man, simply
Bitcoin first to the punch, bro, we nailed that up.
T. We nailed it.
We we called that like, on Wednesday before this news came
out. Absolutely amazing.
Well, before I even got into the second part of the intro, I was
going to give Elon Musk without my full full take on it, just
one of these and now Laughter after the second news I think we
can give one of these as well. I feel good this morning to have
and to continue to spread that Bitcoin signal and then of
course in the culture we're just going to I'm going to mash up a
couple Tweets in a couple different ideas of of why we
Bitcoin. This is what the culture is.
About this is what the show is about is trying to get that
Bitcoin message out there and tell people and explain to
people why we Bitcoin, while we harder, why we run the nodes.
So I got some help from friends on Twitter and then, of course,
we're going to go full Opti Niko Jones on it.
I'm excited as a good Friday. Second week down boy.
Secondly, down to 52. Let's go.
All right everybody, let's start
the show. Let's do this.
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Anyways, guys, I want to talk about the latest CPI numbers and
I saw a lot of people that were just so focused on this.
Like, it was just like this, this crazy announcement anyways.
So these are the latest numbers, right?
So apparently it's 6.5% obviously it looks like it's on
its way down. Down.
I just want to remind everybody like they have a history of
changing this, right? It's like kind of like moving
the goalposts, right? So this is kind of the the
history of it, right. This is from the Euro US Bureau
of Labor Statistics, as the original Consumer, Price Index
began publication of separate, indexes 4432 cities, and 1919
the night. They had a revision in 1940.
CPI revision. The first comprehensive
comprehensive revision used weights, based on a 1934. 19:36
study of consumer expenditures improvements made between 1940
and 1950, three revisions goes on to say the 1953 CPI revision.
The second comprehensive revision used weights, based on
a 1950 survey of consumer expenditures, conducted in
central cities, another one in 1964 based weights on 1960 and
1966 survey of consumer expenditures and metropolitan
areas. Goes on to say, improvements
made between the 1964 1978 revisions says 1978 CPI,
revision, right? Improvements made between 1978
and 1980 and 1987 Revenge, the 1987 CPI revision, the fifth
comprehensive revision and it goes on to say improvements made
between 1987 and 1998 and 1998. Another one at due date just
happens over and over and over and over.
Again and like, I'll be honest with you guys, like, look at the
price of things, like, look at the price of living, look at
real estate prices. Do you really fundamentally
believe that the CPI the Consumer Price Index is 6.5
percent or or right? We don't know what we like.
What I'm what I'm suggesting maybe like they're changing the
revisions and they're tweaking them a little bit to make
themselves look a little bit better, you know, perhaps.
Apps, maybe there's that. And then there's changes to see
Pi establishment frame 1920, 19 to 20 20.
And then here is this true. There's this tweet by Wall
Street Silver and he took a picture and here is stock talk
weekly. It says important.
Today was the last CPI print, that was being calculate that
that will be calculated by the current mythology, methodology
February CPI, print will be the first report based on a new
Methodology CPI was formerly based on two years of
consumption data. Now, CPI will be based on a
single year of data. Like, I wonder, like, I wonder,
you know, it's interesting because when that call a
changing the goal post because that's what it is like, why is
it that it only kind of skus in One Direction which is like
lower inflation or whatever? But I don't there.
I think that there's the, you can only do this so far before,
it's just starts to become like straight up like propaganda that
point, right? Like and this is just absolutely
ridiculous. Look.
And then, if you think about like what the CPI number
actually stands for like, right? So it's like 6.5% Inflation.
And I would say I would make the case that it's 6.5% theft,
right? It's your purchasing power, if
you believe the official data. But if you look at rental
prices, if you look at housing cost, if you look at the real
estate prices, if you look at all of those things, it's a lot
more than six point five percent, right?
So this idea that for society to function, and for the economy to
work and whatever, / you have to lose 6.5% of your purchasing
power is absolutely ridiculous right there.
That's the first question that I asked Jeff Booth when e came on
simply Bitcoin live. Sorry simply Bitcoin IRL a
couple days ago. It was like about a week ago
right. I said hey I'm going to rip off
the Band-Aid. Jeff.
Do you believe do you believe that inflation is is In these
straight up said, he's like, no, Nico.
I do, I do not believe that, right?
And I 100% agree with him and yeah, like I actually, I think
Opti, I think it's appropriate that maybe we show everybody
what we're talking about while I pull it up.
Do you what's your take on that? All right.
Perfect. Yeah, cool.
Well I am first and foremost. It's absolutely amazing that
they change how they measure CPI this month.
You know, no longer are they going to use multiple your
data's or two years of data? They're just going to use one
year of data because it's, it's something we've said for a long
time on this show, is that CPI is used to lie and manipulate,
not only the narrative, but the money supply, and as long as
they can, like you said, as long as they can get people to follow
these official numbers and believe that CPI inflation is
under control. Then we you know they'll
continue to figure out ways to Kick the Can On the road.
And, and again, this is narrative War, like you ask the
question, is this not propaganda or is it propaganda?
I would say it is 100% propaganda.
I mean, we know as bitcoiners and and anyone that follows the
central bank's closely as we have, the dollar has been
decimated since the creation of the FED in 1913 and they can
continue to sweep this under the rug because people still believe
in CPI numbers. But as we've brought the
receipts this morning, and as we saw this morning, they continue
to rearrange. How CPI is is calculated.
I forget what website is out there but you can calculate the
CPI numbers based on, I don't know like old old metrics of how
they calculate CPI and you can see that even via the past
metric. It's extremely high.
And yet as you said in the past, you can't hide the sticker
shock. And I think everyone is feeling
the fact that things are getting more expensive.
I mean, we saw The meme on Twitter this week about eggs in
the price of eggs and how if you saved and eggs, you know, if you
store a value in the last year or two but I'm just going to I'm
just going to reiterate the question that we've been asking
and that Nico asked and that we're going to continue to ask
like why are we getting forced to use a money that steals from
us? Why are the powers that be
continuously trying to shape the narrative and convince us to use
a money? That's the Eels from us, this is
what the CPI is, it it's a tool to try to convince you to use a
money that is designed to steal from you later guys.
It's not stealing from you that much man, like be okay with it,
you know, except it's like, no, you can opt out of this madness
you can opt into the Bitcoin standard and your currency, your
value will not get debase, 21 million, Bitcoins hard cap.
This is a feature, not a bug like, this is literally, what
was in the Genesis block? Like this is what we're fighting
for. Amen to that.
Alright guys, so You heard from you heard from Nico, you heard
from Opti? These are it takes?
Let's hear from the one and only Jeff Booth and let's see what he
has to say when I ask them. Hey Jeff, do you think inflation
is necessary for an economy run? Anyways, let's let's check out
what he has to say. So really, really cool.
So Jeff I'm going to rip off the Band-Aid, right from the rib and
this is something that I've been debating in my head for the last
six months, right? And frankly, the other side has
Either you can call it propaganda.
You can call it, whatever it is, but I'm just going to ask you
directly do you believe. Inflation is necessary and if
not, why I don't believe that's true.
I don't believe inflation is necessary.
It's very and I think first you'd have to prove why, why
would that be true? Why would money losing value
each year? Be necessary for productive
economy? I know It's built.
I know our economy is built that way, but I do not believe that's
true at all. I think the productivity gains
that humans naturally take on through, finding new better ways
to solve problems would be broadly distributed Society in
the best way without inflation. In other words, there would be
no theft and money, there'd be no, transfer of money, it would
raise up, it would raise some other Other what happens
typically? What governments like is, okay?
What happens when in an in a downturn, how do we gain more
control? How do we protect people?
But what they don't know what, they don't know what they do by
doing that? Is they make these bubbles
bigger and they make the inevitable collapse of the
bubble Baker's? Well, it were system is where is
a system is designed to fail spectacularly.
That's where we are. ER today unfortunately, man it's
the the other side. Amen, the legendary Jeff Booth.
Absolutely, I can't say it that way but I really do agree.
Anyways, everybody, let's check out the news The Daily News
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Sparrow, get yourself a block stream Jay today and take self
custody of your Bitcoin. All right everybody, let's check
out the news CN n BC broke last night.
The headline for audio listeners crypto firms Genesis and Gemini
charged by SEC with selling unregistered Securities it goes
on to say. And, you know, it's beautiful,
beautiful about this and sometimes real life is, is, is
more Resting than it's more interesting than a movie, right?
This came out the same day that El Salvador announced or at
least we reported that El. Salvador the Bitcoin office of
El Salvador announced basically the historic Securities Law.
That would make everything else, a security in El Salvador and
except for Bitcoin as the same. It's funny how those things
happen, right? Anyways, goes on to say the SEC
on Thursday, charge crypto firms Genesis in Gemini with allegedly
selling unregistered Securities in connection with a high yield
product. Offered to depositors Gemini
crypto Exchange in Genesis crypto lender partnered in
February 20 21 on a Gemini product, called urn, which
touted yields of up to 8% for customers.
According to the SCC, Genesis loan, Gemini 8 users crypto and
Senate portion of the profits, back to Gemini, which tend to
ducted an agent fee sometimes, over 4% and return, the
remaining profit to its users. Genesis should have registered
that product as a Securities. Offering SEC officials said in a
compliant in a complaint filed in Manhattan federal court.
Today's charges build on previous actions to make clear
to the marketplace and the investing public that crypto
lending platforms, and other intermediaries need to comply
with our time-tested Securities laws.
Gemini earn products supported by Genesis Lending activities
met the SEC, definition by including both, an investment
contract and note SEC. Officials said, those two
features are part of how the SEC assesses, whether an offering as
a security. Now, the Silver Lining to this,
like, the awesome part about this is that now, It sets a
precedent. So now if any of these shit
coin, exchanges offer a yield product, which I think is an
absolutely terrible idea and I think it's always going to end
in disaster specifically when the the there's a market
downturn. Now, they're going to be
thinking a little bit more. Right?
So you mean, you know, I don't want that CeCe, you know,
knocking on my door. Anyways, SEC says the earn
program netted. The companies billions of
dollars in crypto assets, the agency is seeking permanent
injunctive relief. Encouragement and civil
penalties against both Genesis and Gemini and noted that
investigations into other Securities laws and violations
into other entities and persons relating to the alleged
misconduct are ongoing. The two firms have been engaged
in a in a high-profile battle over 900 million in customer
assets that Gemini and trusted to Genesis as part of the earn
program, which was shuttered. This week Genesis suspended
withdrawals after the failure of FTX in November, cause a rush
for the exits, across the crypto universe and the firm has yet to
allow a earn customers to pull their funds.
The US retail investors who participate in the Gemini earn
program have suffered significant harm.
The SEC complaint read more than 340 thousand investors have been
affected by the fries in the first three months of 2022.
Gemini made around 2.7 million in agencies.
Offer earned SEC, complaint alleges Genesis would use Gemini
users assets for institutional, lending, or collateral for
Genesis own borrowing, the agency set.
So dude, like, oh, man, Oh man. Oh man.
Oh man.
Oh man, Winklevoss, I Under
Pressure, bro, the Winklevoss I Under Pressure but I mean hey,
you know, Play with shit coins. Expect shit, coin results.
I think yield is part of that whole shit coin, you know, type
of thinking. But Bitcoin historically doesn't
mean that it's going to have. You know, of course, you know,
there's a law of diminishing returns Etc.
But you know, historically had 250 percent return right over,
you know, the last decade or so right ever take Something as
soon. Let's say it does a fraction of
that moving forward, let's say it does.
Super conservative. Let's say it does 30% or 40%,
right? Super on the, on the
conservative end, right? And what you're seeking to 25
percent yield like, but you're giving up your keys in the
process. It like, is that really worth it
to you? Is that really worth it to you?
Look, I think I look I'm just not a fan of of of, you know,
government and regulation the government stepping in because
that kind of creates this like, oh, it's the government that
could, you know, solves all these problems, where, you know,
simply Bitcoin, it comes from the angle of personal
responsibility. I like if you took personal
responsibility, you really knew what you were doing.
You wouldn't be using earn. You wouldn't be using yield,
right? Why does the government have to
make those decisions for people? Right?
It's kind of a, not a fan of that, right?
But the same time, you know, Dude, like they were, this was a
security. They were promising yield.
I don't think that they that they effectively disclosed
people, the risks of this. I think a lot of people saw
because you know Gemini has accumulated this reputation of
being one of the safest crypto exchanges, right?
They you know they tout out all their security mechanism like
about methods and you know, all these like very big words that a
lot of people don't understand and that creates a lot of user
confidence. That's right, so if on the
Gemini platform with a slick user interface, it's saying hey,
you know, we can provide you this healed.
People see that as a risk free. And I think this is why, you
know, there is a bit of of Justice here, right?
When the SEC is charging him. Hey, you were selling
securities, you have to be hold accountable.
And I think the long-term consequence of this is other
kind of other exchanges, at least in the United States are
going to think once twice. Three times before offering a
similar product because they know that they could potentially
get into a, you know, a regulatory nightmare, right?
So anyways, really interesting. I just want to say Opti, we
nailed this Pro, we called this on Wednesday, dude.
We call this on Wednesday before it was official and it's funny,
how Cameron Winklevoss. I is like trying to move on the
blame and he's blaming. He's blaming blaming Barry
silbert. Even though it was him that
decided to add that service on to his platform.
So I think that's really funny. Little bit of Justice here.
I think I don't know Opti what do you think?
Well first before we go on, shout out to Mike Denver, Super
Chat to Canadian Dollars. Inflation is Steph.
Let's go stop the show for the Super Chat.
I mean I'm just going to really double down on what you said.
Like stop chasing yield guys, stop chasing yield out there.
Do not give up 100% of your Bitcoin to chase a 2 or 8
percent yield on that Bitcoin, Bitcoin does the heavy lifting.
We say it all the time. Stay humble Stacks ads.
And by staying humble, we don't mean not telling people about
Bitcoin, not being proud of being a Bitcoin.
We mean do not overexert yourself.
Do not over. Leverage yourself, Bitcoin will
go up in time, get better, get more skills, get more cash flow.
You do not want to play stupid games or you will win stupid
prizes. And I mean, just to that point,
I love like the the Winkle viand, the whole Barry silbert
Saga. It's very interesting that
bitcoiners, you know, I'll us and our friends out there.
We always talk about Bitcoin as being responsibility, go up
money and freedom. Go up technology in the same
same way, but it's very interesting that the shit coin
casinos. One Thing, Once things start
going bad a little bit, they start trying to find people to
blame and it's just a totally different ethos than most
bitcoiners that I come across with.
It's like, Take your money into sub custody as Nico asked all
the time. Why are you still trusting
someone with your money chasing yield on your Bitcoin is the
same game. It's just an even dumber.
Leverage play. And so, hey, again, we don't
like to see the shit coins. Get rekt by, by regulation, or
by the government. We are free market Maxie's but
hey don't you know, there are laws in the US and don't sell
Securities and then try to say that they're not So, you know
again, second time, I'm going to say this in this bit play stupid
games when stupid prizes, stay Bitcoin only and you can avoid
this fate. Hey, so it looks like we got a
men Opti saying, Opti always on fire up the I think I think I
think we need to come up with the soundboard effect.
When every time we get a Super Chat let's hit the there is no
second best. Okay, the reason our second-best
maybe a maybe I could get some like I'll get some coins.
And falling soon as I like that. Okay.
My Denver. Appreciate it bro.
He says inflation is theft. Amen.
I completely inflation is theft. Alright everybody.
So let's move on to the big news today.
Is it is it hmm on the signal-to-noise scale, I would
say. This is like a 5 out of 10, but
I think that, if you talk about the, you zoom out, and you look
at the whole picture, I think it tells a much bigger story,
right? So first, this is a tweet by
Bitcoin magazine. January 11th, says Twitter to
introduce its own virtual coin for in-app.
Rewards in apple Awards and tips, Ilan should just use
Bitcoin. And we said couple months ago we
said that it was an inevitability that Bitcoin that
Elon if he's actually truthful about what he's trying to do
with Twitter. We made the case that he has no
option but to use something like Bitcoin.
And the reason for that is anything that is not
sufficiently decentralized will be co-opted by government.
One of PayPal's original missions, right?
This is an article by venturebeat for audio listeners.
One of one of PayPal's, original Visions, right?
Is I'll read it to you. This was PayPal's first CEO.
This is a quote. He says Bitcoin is fulfilling
PayPal's. Original Vision to create both
the new world currency. Remember we know that Elon was a
co-founder of PayPal as we actually had t-shirts printed in
1999 with that mission statement.
We believe that if we can get enough people to participate, a
pate money would never need to leave the system.
PayPal could become the database of money when we got acquired by
eBay. That project kind of stopped the
crypto currencies like Bitcoin or now, fulfilling that original
Vision now. Remember what happened with
remember? What happened with Facebook,
right? Facebook, had that same thought,
right? That Facebook had like you know
Zuck was super enthusiastic, they called it Libra.
Right. And then I think it changed
names. I think it changed up The
Branding of the name and then he got caught up to Congress and it
was a disaster and just got nipped in the butt.
PayPal right? What happened over time with
PayPal, it's slowly became something that its original
Vision was for. And why is that like did PayPal
want to become that? Way did Libra is, whatever know,
this is a government was never going to allow the private
sector to compete. For money, they want to be the
last stop shop for issuing money.
So remember that quote from Hayek, remember what he said?
We need to find a can't use violence.
We need to find a Sly. Roundabout way the sly
roundabout way is Bitcoin. It's Bitcoin because it's
decentralized. Remember, one of satoshi's
quotes, right? Governments are really good at
shutting down to the centralized entities, but to centralized
entity, these seem to be holding their own.
I'm paraphrasing. so, if Elon is very serious about this Twitter
thing, He's going to have to build it on something to
centralize. We all we now we know now.
Right? Since etherium migrated to proof
of stake, right? 60 to 70% of aetherium.
Validators are actively censoring for a branch of the
u.s. government specifically, the US Treasury Office of
foreign assets control, right? If it's not to centralize it
will be co-opted, it's inevitable, right?
So this whole thing, payments and whatever, guess what doesn't
solve, anything doesn't solve anything.
If you're Nigeria and you want to release Eve money from the
US, try doing it. Try doing it with your with the
Legacy Financial system, what? So he lies like, okay no, I'm
going to do it with Twitter. Is why do you think it's so
difficult in the Legacy Financial system?
Do you think it's because of the lack of innovation know?
It's because of the regulatory red tape.
Right. So yeah fine.
You know he says hey I'm not going to use Bitcoin for
Twitter. I'm going to create my own shit
coin and I'm everyone's going to paid in their own shit coin and
Kumbaya and this is not but on he might get away with it for a
little bit but over time slow creep of Regulation, control
censorship it's in. It's it's not a question of if
and when it's a question of sorry it's not a question of.
If it's a question of when, right?
It's Ball. It will be co-opted.
And if he actually wants to build something that isn't coop,
coop table, right? Has to be decentralized, has to
be a protocol, right? We're learning this with Noster,
right? I think it was BTC cause it said
it the other day. It's like, you can't ban someone
off an austere. That's the point, right?
As long as there is a, you know,
I've said this about money, I said it's about platforms as
long as there's an Delete that get to pick and choose play,
essentially play. God really who's entitled to
say? What who's not entitled to say,
what was entitled to transact was not entitled to transact
that person in that position will inevitably be co-opted by
power, and they will use that power to maintain in that
position of power, right? Meaning they will censor their
political opponents in that situation, right?
So it's an inevitability look, Founding fathers realize in the
united states in the United States, like there's a reason
that freedom of speech is the way it is, and they specifically
said, hey, let's get government out of out of freedom speech
because they realized that as soon as you get government
involved, government uses that law in order to protect
themselves, right? So what's the other alternative?
The all their other alternative is let the free market decide.
Let you know, let let people take personal responsibility and
decide what ideas. Okay?
What idea. Isn't.
Okay? And I think Elon hasn't seen it.
Maybe he doesn't see it but you know this is why I'm bullish on
bitcoin entrepreneurs Bitcoin. Builders is why I'm Bill ishan
Noster this is why I'm bullish on You Know Jack Dorsey that I
think Jack Dorsey fully understands what it is I'm
talking about because of his experience at Twitter He
realized that as long as human beings have these leverages of
power that they could flip on and off, it's just the Human
Condition. It's inevitable that they will
use those leverages of power in order to protect their own mow.
It do it, like, do you blame me look?
Do you blame people know it's human nature like it's not
something whatever. It's like, the idea is to build
something that is look. Coin is the perfect
representation of what it is. I'm talking about, right?
Try changing Bitcoin, go ahead dry stream, Lee difficult, By
Design, right? Try censoring.
Someone's transaction. Try it extremely difficult by
Design. Now you can make the same
argument that people are making against freedom of speech.
Saying that is dangerous. What you're saying?
What? I'm the argument that I'm making
is, it's more dangerous. I believed to have an elite
group of people dictating that in the first place, I believe
that's more dangerous. Than the choice Freedom.
There are trade-offs to both, nothing is perfect, but I
believe the open systems the decentralized system.
That's the that is a better alternative than to whatever the
fuck they have because it's just been a disaster.
Look at the censorship. Look at the look at that stuff
and I think going back to the announcement of Elon launching a
shit coin for their platform for 42.
Sure. Well what makes you think you're
not going to run into the same problems?
What like how does that make sense?
That this may absence of makes absolutely no sense.
Right? So you know maybe he'll learn
his lesson enough with PayPal. Maybe.
He's launching too many Rockets. I don't know.
Maybe he's tweeting too much. I have no idea.
I have no idea what's going on that man's head, but this humble
pleb is that, that's my opinion there.
This is from, from from, you know, From the from the simple
simple, YouTube channel making making videos on bitcoin.
Anyways, though, some super chats Opti sound effects, please
there is no second best the car Eric G8.
John Johanson says, I think Elon Musk should give rewards in
Bitcoin. I absolutely agree with you bro.
You're spot on bro. Baby says thank you man.
I appreciate it says let's let's up the difficulty Opti sound
effects Pro missed it. Thank you, sir.
Let he says let's up the difficulty on the predictions.
How long will the Tweet coin last before it is dumped?
I'm not going to give a very long, very long, dude.
I think it's like just like, oh man, it's so it's so so stupid
after you. What are your thoughts on this?
What are your thought? I still like I can't believe
that Al a man that lands. Rockets.
Can't you know what it is for you to understand Bitcoin.
You need to have humility. You need to understand that
maybe sometimes you don't know what's best, right?
And I think I'll let some you know, it's perhaps some people
can't make that final What are your thoughts on?
I don't know what to say, dude. Well, I mean, obviously I'm
going to Echo what you said, but also I think this is kind of
also a story about Elon listening to the wrong advice.
I'm not sure who his close advisers are or what have you?
But like we're saying, you know, he is a busy man.
He seems, I'm going to give him a at first.
This first, take the benefit of the doubt that maybe he is doing
all this in. Good faith, obviously.
That's kind of Stretch, but I think this is, you know, as
smart as Elon maybe, you know, he does shoot Rockets but he met
on the same. Vein be a computer literate.
He doesn't understand what's going on with Bitcoin.
Obviously, you know, he doesn't have the bested advisors out
there telling them about what's actually happening in the space.
I mean, we know he's a dog, he coin enthusiasts, which in my
opinion, was kind of for the LOLs, but, you know, maybe he
was actually Actually chilling talking coin with seriousness,
but to the point of if he'll on is really in the fight for free
speech, then he needs to push Bitcoin, he needs to push South
custody, you need to push, you know the cold card SEED Center.
Jade blue, Wally green wallet Breeze, Phoenix.
I'm you know Zeus I'm blanking on some of my favorite wallet
right now but this is what he needs to do if he's actually
about what he says he is doing. And you know now to take The the
flip side of that, conversation and go down maybe a little
darker path. He did say that he wants to
create your turn, Twitter into the WeChat of the West and maybe
us freedom minded bitcoiners kind of took that as, you know,
a beneficial thing. But maybe this is his attempt to
try to make a Twitter CBC coin, you know, maybe he does want to
co-op that narrative. Maybe he does want a money.
That is Co-op table and this is, you know, this is what a shit
coin is. Because we know, as bitcoiners
that the only truly decentralized money, the only
money that is censorship resistant in the world.
The only thing that can fight the debasement of value of your
value is Bitcoin. And again, if he's really about
the words that he's saying, if he's really about freedom of
speech platforms, then it will be an inevitability that Bitcoin
becomes at money. It shouldn't be too difficult
for him to you know, in still to code up lightning and Bitcoin on
the platform but Again he's obviously not listening to the
Bitcoin Max he's out there who knows if he's not listening to
Jack out there but again I think you kind of hit the nail on the
head at the very end where it's it's about humbling yourself
like Bitcoin, humbles us all. And if you're really about what
you say your about, well then you will have to bend the knee
to bitcoin. So you know on the surface, this
is obviously a fail. Hold on, we got a big fail.
I would love to have seen Twitter, Go full Bitcoin but hey
can expect so much from people apparently, but, you know,
shouts out to Noster because they already have it in stilled,
right now. I've been seeing my friends,
like yeah, it feels weird, coming back to Twitter and you
can't send lightning tips like what is going on.
Anyways we got another tip Nico. We got another tip over here.
O at the Donny G super sticker to u.s.
Dollars Sheba dog. Shaking his body from left to
right. Surrounded by red hearts.
I don't what that means, but let's go.
Let's go. Exactly, let's go.
Anyways, everybody, let's get to the culture.
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Alright, so this is the culture. We are bitcoiners and again I am
doing my best to in the culture segment.
Try to explain from every angle. I can why we Bitcoin and I saw
this Twitter thread yesterday or actually it's kind of a post.
And I just kind of want to cover it and and I will add my two
SATs and I'll get some peoples conversation or comments as
well. So shouts out to bit dad's.
Hey, it's bit dead and it goes I Bitcoin because I believe in a
brighter future for my daughter. I Bitcoin regardless of price I
Bitcoin because I don't trust my government and then he ended I
Bitcoin space and we got some friends over here.
Shouts out the base money tag, one of our simply Bitcoin
Riders, absolutely loved his end.
And he goes, I Bitcoin because I'm able to run the monetary
policy I prefer because I Can self custody my SATs and because
I can verify the supply of sads in other words, because I prefer
to operate in a just and Equitable and accountable world
and then he goes on. Can you decide your monetary
policy? Yes.
Freedom prevails. Can you change monetary policy
of others? No.
Private property. Prevails.
Can you self custody your money? Yes.
Liberty. Prevails.
Can you print money at no cost? No equality.
Prevailed. Can you verify the money supply?
Yes, accountability. Prevails.
This is why we Bitcoin and to add a few more.
Before I go on a little boy, shouts at the fight for freedom,
I Bitcoin because I believe in the separation of money and
state and I want a world of Financial Freedom and equality
for my kids, Bitcoin has the best chance of delivering that I
Bitcoin because it gives me hope I Bitcoin forever.
I Bitcoin because number go pull up and because it is Fu money
and just to add on this, I Bitcoin for a better future.
I Bitcoin, not only for A better future for myself.
But for my family, for my hopeful future children out
there and then also we as bitcoiners are compassionate, we
do Bitcoin for a better world but on that same vein as Eric
case on put here it's kind of this idea that I covered in the
past last year at the very end of last year.
You know, don't just Bitcoin for other people.
Don't just Bitcoin for this idea that you are building a better
world acknowledges enlightened self-interest Bitcoin for
yourself Bitcoin so that you can save your value, your labor and
your time going into the future because you Can't save and paper
money. You can't save in and you know,
and I owe you a debt based I owe you that is paper currency save
for your future save for future you Bitcoin for your future
self. Don't don't do this whole like
oh I Bitcoin for other people and I really like how Eric case
I'm put this here. Bitcoin is not for other people.
It is for you alone. Just like how saving your soul
is your job alone. You are not responsible for
anyone else getting it. Just yourself through your own
desire and demand to understand. When you will change the world,
just by being yourself. And this is something I say all
the time, in our Twitter spaces, be a shining example, being a
Bitcoin, or live, a good life and other people will want what
you have and then you tell them, it's because of Bitcoin, I
Bitcoin to live a good life. I Bitcoin to opt out of the Rat
Race and often to the most Equitable most inclusive money
in the world. That no one can shut off.
That can't get the base. That no rat out there.
No, high-level Peridot parasite. No.
Class member can steal from me and my family anymore and this
is why I go so hard every single day to try to stay as positive
as possible. To ensure that more people
understand that Bitcoin is Hope Bitcoin is life Bitcoin is
natural law, money Bitcoin is freedom money.
Bitcoin is a few money. All these memes that we talk
about all the time and I was reminded when I when I was
thinking of this this morning of this article that ski put out
the remnant returns, Bitcoin is right and I'm not going to cover
the whole thing. I covered it last Last year at
the very end the very end of the year.
But I highlighted a few points that I absolutely love and I
think they're worth reiterating. I'm in Bitcoin because it's the
best thing I can do for me and my family.
And it's was what any self-respecting individual will.
Do a dignified individual would not degrade themselves to the
level of a modern surf by trading the product of their
Blood Sweat, and time, and tears for digital Monopoly, money
issued by parasites. And now you can add that on to
what we covered in the new segment.
This is why Wee, bit coin, guys. Again, you know take your
religious views aside. This is the, the metaphor of
this idea is what we are talking about.
Bitcoin is to come to Jesus moment for all of humanity.
Bitcoin is the long-term cure for cancer civilization, that is
eating itself alive. Every short-term opium a hit
that was injected to help off. Escape reality has led us down
this path, step by step. We have weakened the Corpus of
humanity through this short-termism and Bitcoin
changes this. And we will see See wreak havoc
in the immediate future but in exchange for a much brighter,
fair and true or long-term future, and this is why I
Bitcoin. Because I understand that by
opting out of the Madness by taking out my time, my effort
and saving in Bitcoin, I am defunding the money printer.
I am defunding Perpetual war and I am, I am building on a better
standard. Nico played the Jeff Booth clip
in the beginning. And if you haven't seen the IRL,
there's a very very Very awesome point in that in that
conversation where Jeff Booth mentioned, we have the
opportunity to build on a better system.
We can put all our time and energy into the Bitcoin standard
and build on a better world by this is, this is why I Bitcoin
because I'm building on a strong Foundation.
I am building on what I want to build on and what I think is a
fair, most more Equitable World, a more just world.
And this is what I want to see in the world.
This is why I personally am in Bitcoin because I believe in
personal freedom. Freedom, I believe in personal
responsibility and is Alex Waltz put here on Twitter because
Bitcoin is the single practical solution for absolute freedom,
simple as that. Bitcoin is a freedom tool.
I've been this person that I'm really bad with authority.
I hate when people tell me what to do and now I have a money.
That no one can tell me what to do with it.
I can send it anywhere, I can save with it.
I can I can, you know, put a brain wallet in my brain, I can
go everywhere and anywhere with it and I Transact with anyone
around the world in roughly 10 minutes.
This is why I Bitcoin. Yes, I love this Elaine.
Bitcoin is a moral money. Do not support War.
This is why I Bitcoin because you are taking back your life.
You're taking back your energy and you'll in that same moment
are building connections with other humans out there, this is
a human movement. This is about good versus evil
in my opinion. And what system do you want to
do? You want to partake?
In one that is built on war or one that is built on freedom and
and permissionless money. One that people choose freely to
transact with. And I love how Morgan Richard.
Put this money, doesn't make your life meaningful
connections. Does money is one tool to Foster
connection. It is certainly not the only
tool. Well, if you take this, and you
extend, this idea, just base and compare Fiat, money and Bitcoin.
And what tool do you think is going to Foster more connections
more fulfilling life than Bitcoin?
You're going to interact with people that are like minded
that. Are that view the world?
The same as you. And there is no Distortion in
the middle, which is the Fiat system, which is the Federal
Reserve, which is the central planners.
This is why I Bitcoin, I Bitcoin for myself and my family and my
future self. But I also understand that in
that process Buy me becoming the person that I can fully become
by me unlocking my full potential.
I will Usher in a better world in the more individuals out
there realize this the more the world will become a brighter
orange world. So I Bitcoin for freedom, I
Bitcoin for myself, I Bitcoin for my family, I Bitcoin for my
few, I Bitcoin because I Love My Future Self.
And I am taking this personal responsibility.
I'm putting this on my back and so today it's Friday, it's the
weekend, ask yourself. Why you Bitcoin and and let's
get back on the guys, right? Orange Mission the race to avoid
the war. As we say all the time, get more
people, Bitcoin, and get more people taking Bitcoin into self
custody. This is the way give, you know,
Mal what's a give a give attention to the wallets that
you like to use get people. Using the tools.
This is why I Bitcoin I hope you self reflect on why you Bitcoin
on this Friday. So shout out to our friends out
there, Bitcoin for yourself, enlightened self-interest, it is
not selfishness, you are ushering in a better world by
being a bit corner. Now, believe in your Clarity and
spread the orange signal. Anyways, and you know what?
Amen! Amen, to that.
All right, so give a shout out to some of these comments by
Super Chat. Thank you, man.
Appreciate It Donny, Sheba, dog. Shaking his body from left to
right. Surrounded by red hearts.
Absolutely hilarious. Next one by Johnny.
Thanks, man. Really appreciate it.
Thanks appreciate the love. You guys rock.
Thanks for all you do appreciate a Johnny.
Thanks man. Yeah, Opti, you know, dude, like
your embodying, the st. Op T that, you know your
nickname and you're preaching the gospel.
Saying, what's that thing that you always say do?
That's let literally reminded me when you were doing your bit,
right? Which is a sound mind, sound
body or something like that? Well how's that mine Fit?
Body be a shining example of being a good human?
Yeah this is exactly what the mission is.
This is what this is, what the mission is, right?
This is it's more about, you know, it's it's really once you
move to a Bitcoin standard or whatever, all of a sudden you
start looking You start having a longer time preference, right?
You start thinking about things differently.
It's crazy. What happens?
When you adopt a deflationary mindset, right?
Which is you save your purchasing power increases over
time. And of course, because it
increases over time. It opens opportunities in your
future versus the inflationary mindset, which is a lot of what
a lot of people. They're currently on that
operating system right, which is constantly have to work harder.
You constantly have to, you know, Do you know bust your ass
because your money's just losing value and it actually
incentivizes you to spend because you know that you won't
be able to buy as much later. The dude, the whole can xion
type of thinking it is like it blows my mind that this is even
still a thing like it's just absolutely ridiculous.
We were talking about the inflation bit in the very
beginning. Blows my mind.
That somehow these people, the government, the state have
convinced us that we have to use a money that loses value.
Like blows my mind that you know we live in that reality.
Anyways everybody let's check out the meme review.
The daily meme review brought to you by Kaboom racks.
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Kaboom. Look what I found.
This isn't my mean review score but I found my Kaboom racks
little stress ball my desk since I'm upstairs today.
Anyway, that's neither here. Nor there, this isn't mean
review. This is your favorite time of
the show. Again, we say it all the time,
tweet to the bullets memes are the artillery.
We are in the information War. You guys are the Frontline
soldiers and take it upon yourself as an individual, to
spread the mission spread, the signal, shouts out the Becca and
she said right here, absolutely love it.
She goes, get on the optimization change your time,
preference and change your life. This is the way guys, there is
one. Simple way to change your life.
This discipline yourself and stack SATs.
And in that process in that hero's journey, You will start
to live a better life. Don't just trust me.
Do the process yourself. Anyways, I thought it was very
fitting. Shouts out to our boy, Maxis
Club again. I say it all the time.
I love your memes, I love your Artistic Endeavors.
I think you're killing it out there and he goes to 73 bit,
lesion a bit Legend, it religion, bit lesion.
Anyways I've said this before, guys, you know what, you really
need to do, Before I cover the meme, you need to be an again.
This is me. This is a joke.
Ish, kind of, you need to be like those Mormons that go
door-to-door. Expressing your love for the
Lord expression yourself. No, big coin.
Are you religion o me? We gotta, we gotta Pepe the frog
that it looks like a Mormon and his book is the Bitcoin
standard. Have you bow down to the Bitcoin
standard? Oh, hello yellow way.
It's a fake yellow. Is this a shit car version of
yellows. I saw him in the chat.
All right, next one, shouts out
to the BTC therapist on Twitter. Niggas Pump It Up hashtag BTC
and we got big corners and we got the Bitcoin price and we
got, wow, how am I blanking on the office guy's name?
I'm completely blanking on his name right now but he's doing
the cringe face from 69k to 15K. Well, or just cringing were in
pain. We're trying our tears right now
from 15K. The 19k.
Oh, wow. What?
Yeah, what is going on? We're popping out here, boys.
Let's go and girls shouts out to the Bitcoin price.
I know you guys are watching it, we are pumping.
And so, on this vein, of course, I have to, I have to get
stupidly, bullish bull tarded as I like to say.
Shout-out to our DB T C and goes bears in disbelief, and we got
the classic. Simpsons meme.
Where you know, what's it? Mows kicking out.
I did. I'm so bad with names.
Anyways, we got a bear kicking out.
The Bitcoin from the bar and the bear thinks he did his job and
then what do you know Bitcoin sneaks up behind the bear?
Shouts out to everyone that is still bearish.
Couldn't be me. Can't relate.
Anyways the next one is at toxic at 27 chest on the toxic he goes
Bitcoin, only stay out of the crypto bag holder Bitcoin only
stay out of the crypto bag holders and we have.
What is this one? Dude.
How come? I don't remember any movie name
this this morning? Is it The Incredibles?
Think it's The Incredibles. Anyways, you gotta get a drink
more coffee, bro. Sid, you're not on your A game
right now, bro. I am dumping useless movies out
of my brain, apparently. Anyway, in Bitcoin, your signal
completely transparent in crypto your the cell signal All right.
Oh wait and Bitcoin. Your the signal and encrypt your
the cell signal. Again, we're doubling down on
this. We covered it in the news.
So this next one, shout out to cat.
Tell she meow Modo AKA bit and a Fiat niggas.
The prophecy says that to yella look at that pump.
The prophecy is real. You already know I do too.
The prophecy was real almost a yellow has some secret Insider
information and is this dude, I have a theory.
I have a, I have a theory. Okay, I have a theory.
I'm breaking it here, I'm going fullscreen.
Wow. Yellow is Satoshi Nakamoto and
he's just trolling all of us today.
That's how he knows everything amazing, breaking news breaking
news. Okay, last meme.
I am confident that I tell you guys to drop your meme review.
Score in the chat, I don't remember, but drop it now before
I finish and before we cover our scores so that we can read them
live. Anyways, its last meme is by at
maming Bitcoin. I really love this.
Not only is it is it beautiful? Our beautiful Artistry?
It's a beautiful piece of art but Bitcoin is the Merkle tree
of life. I absolutely love it.
If, you know, about the tree of life, it's the you know, not to
get hippy-dippy but the the the the building blocks of all the
world of all the universe and now we have the Bitcoin Merkle
Tree of Life. Okay.
Alright so my meme review score 42.
Wait, hold on. You know you know we're going to
do Nico. Let me see if I have this in
here. One second, one second.
What do I have? Oh wrong, drumroll stop.
I thought that was okay. I'm gonna give it a score while
you figure it out. I don't have it.
I mail, it is Citadel 21, Volume 14, Oh, that's pretty.
Yeah. So this is my score Bitcoins.
N Liotta there. I like that.
Okay.
So my family knows me as the crazy Bitcoin.
ER, and one of the troll gifts that I got this Christmas was
from my sister and she got me like a hundred pack of Bitcoin
related stickers. I don't know where she found
these but now I have meme review scores for jizz.
So my first one considering we are pumping past. 19k is the
sticker of the Bitcoin logo dabbing on the moon.
You already know you already know.
Let's go. Okay, so we do have some mean
review scores in here. Let me, let me go up real quick.
Okay, let's go. Wait, I've Dino not.
Let's go while everyone gets those ready.
Yeah. We give a shit.
Yeah, you guys. We gave you a warning.
The hoodies are basically sold out, right?
The, the small medium large of the block and the camo hoodies.
It's sold out. The t-shirts are still
available. That hats are still available.
You gotta get this stuff. Well, it's hot because there is
a cap. Supply, there's a limited drop.
It, you're simply Bitcoin merch. You could take advantage of the
promo. Code simply Dash Bitcoin.
Get a 10% discount. Get yourself a hat.
It's dope Rap. It Anyways represent simply
Bitcoin merch. Anyways Opti, let's get to some
of the scores. Let's check it out.
First one by Rave elevator. I give the memes one bear whale
gravestone very nice bars. Next one by Tatum my meme review
scores a stack. Of Flesh caught flashcards with
notable fictional characters and their names.
Very nice, very nice. Okay.
Go on, go on very nice, very nice.
Next one. Bye.
Phil see is I give these memes that inverse Kramer my friend
Arc. I give the memes 667 hundred
arms armed, guards for the WF me.
Amazing. Elaine Lowell says, I give the
memes Universal. Bossier of mosques real backers.
Oh maybe that's why anyways Bitcoin Becca.
I give the memes a copy of the Bitcoin white paper signed by
yellow AKA Satoshi. Wow!
Confirm! Its demo by the mean rape
Factory. My meme scores yellows.
The prophet yellow is Satoshi. It is just it release the news,
just got released on simply Bitcoin.
It's all firm. I give those memes, all the
band. And on GitHub accounts, very,
very nice brand new. Those shouts out to Yellow.
He made that Citadel cover. Let's go cover by me.
Let's go you, Satoshi. Okay, next One, Max Trotter.
I give a wmd Weapons of Mass to centralization of very, very,
very nice. All right, after the for one
reason, 10 yellow. I give the memes a Maxis Club
autocorrect from all from he to, she ready.
Very nice. Thanks yellow.
Appreciate it. All right, guys, check out
something big going on. Turd.
It's a written version of this show.
We have an army of riders that are dropping the signal.
Drop in the sauce. Welcome to our new Rider just
joined yesterday. Super awesome.
Go to www.simpleandsensational.com
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Get those new simply Bitcoin signal straight to your inbox.
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It's going to be a pleb site. Shameless plug today.
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All right guys. So like I said Shameless plug,
go check out Simply Bitcoin dot news.
Simply Bitcoin dotsub stack.com. If it doesn't reroute you or
whatever, but like Nico said, we have armies of riders out there.
People are sending me some stuff and I will look through it this
weekend and we'll try to get more people to get there.
Get there articles written on our site.
But the reason I wanted to plug this one is because I knew what
I was was going to cover on the culture today and shout out to
one of our latest Riders Kumo this article, you are the
signal. I wanted to plug it today
because I really I really want you guys to go read this
internalized this and and go out there and propagate the Bitcoin
message. You are the signal and it is an
information War out there guys. So Go read this because support
all of our Riders and we'll be back on Monday for you guys.
So I'm actually actually hold on Nico before we go.
I did remember that we got it is Friday so I did get the The
Fountain the fountain. Oh there you go.
There you go. On the ball this morning.
Anyways I can't read all of these so I'm just going to cut
us a shout out to the people. Yeah, I got shot at the people.
We got Clark Ian streaming assets, 14 sets, at a time on
our show the other day. We got a twat underscore bar.
String streaming has one set and literally this was going on
forever. Like it went on for so long.
So, shouts out to you too. We got a few more over here.
We got a few Anon streams, you know, nine sets eight sets out
to you, bro. And then we got a few more sets,
from Navigator, 9 sat, at a time, we appreciate it, bro.
And we got this one bike. As peel and 16 cents at a time.
So really appreciate you guys. And then the last one, shouts
out to user six. One, seven seven, one four, four
one three. Five shots.
At a time. We really appreciate all the
love, guys. It means it means the world to
us means a lot. Again, if you want to catch the
show in audio form, we are on anchor, Spotify app.
I swear, we're on all the podcasting a Apps out there.
But we are a part of the value for Value economy, like we just
mentioned, and every Friday, we will read your comments.
So I'll mention people that streamed us SATs.
If you guys are clipping us, I'll try to remember to get
those mentions as well from Twitter.
So we really appreciate all the love again, spread the Bitcoin
signal, not only simply Bitcoin, just spread all the signal.
Put your hat in the ring and and make more Bitcoin signal out
there. There's not enough because the
World has not woken up to what Bitcoin is yet and it is upon us
as individuals to spread that signal be the change.
You want to see in the world by being an awesome person on
awesome Bitcoin or so man another week down, Nico let's
go. Amen.
I'm going to play that every time Opti does this thing
saying, Opti? All right everybody, it's
another week of Simply Bitcoin. This wouldn't be possible
without you also love you really appreciate the love preciate the
support. Thank you all so much simply
Bitcoin is a growing team. So if you feel like you want to
contribute, please hit us up over DM, whether it's writing
helping us with video content. Speaking of video, Content.
We have the second simply Bitcoin video essay dropping
tomorrow. It's premiering live one's good.
You definitely definitely don't want to miss it.
I want to credit all the awesome bitcoiners that help this, that
made this possible. Shout-out Del he's a writer
narrator. Shout out Johnny, who's the
editor, animators, Ivan? And of course producer is pause.
So definitely check that out tomorrow.
We're going to get progressively better at what.
Time are we dropping that Nico? What time are we dropping?
It is scheduled for tomorrow at 12:21 p.m.
Eastern Standard Time, so you definitely don't want to miss
it. YouTube Premiere going to keep
getting continuously better at these feel like it's their,
these are very important and they're very thorough and the
topics that they're cover that they cover, and it's made by
bitcoiners, man. That's what makes it so special.
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