It's all going to zero against Bitcoin.
It's going up forever, Warren. You're against Bitcoin.
You're against freedom. Good morning everybody.
We are back. Today is Wednesday, November
22nd in the year 2023 and big, big news.
Binance is hit with the largest settlement in history at $4.3
billion after a three-year investigation and they admitting
wrongdoing. And I think the most surprising
part about this is CZ stepping down as part of the agreement.
We will get in all of that stuff.
Very interesting stuff when you get through the nitty gritty of
what's going on about what the DOJ, the Department of of
Treasury is saying. Interesting that CZ is able to
retain majority ownership of Finance.
That although he won't be able to, you know, be an executive
leader of finance, he can't come back after three years.
So he'll be hanging out in the shadows, you know?
But I think if you only celebrate CZ getting technically
fired from Binance, or rather stepping down from Binance and
Binance getting hit with a huge fine, you are just playing
checkers guys. The 5D chess move is
understanding that this is continuing to set a precedent, A
precedent for the DOJ and the US Treasury to come after Bitcoin
and self custody in general. We've seen this happen all year
long. We've been covering this for you
guys constantly on the show. The first shot over the bow was
the tornado cash them them arresting a developer for
tornado cash, of course attacking privacy.
The next one was Fin Cen proposing new regulations, or
rather you know, new new obligations for financial
custodians out there for banking partners.
And of course they use the washing the washing, Wall Street
Journal fake news article about Hamas.
We will get all that covered on today.
And I've been saying this for the show all year long, ever
since we first saw the politicians come out attacking
Bitcoin. You know my favorite politicians
out there, Brad Sherman and Elizabeth Warren, They
constantly used the low hanging fruit examples of money
laundering, financial terrorism. And if you guys watched the
press release by the government, by the DOJ, the CFTC, the US
Department of Treasury, I couldn't even count how many
times they mentioned financial terrorism, national security, a
threat to the system. And so do not just latch on to
the fact that as a Bitcoin only company, Bitcoin only maxi's out
there that yes, another shit corner is wrecked.
But this is just setting the groundwork for them to come.
After all Bitcoin companies, all of you guys self custom your
Bitcoin and really you know, kind of a little more
conspiratorial, probably clearing way for a Bitcoin ETF.
The professionals out there have to clear way of the amateurs so
that they can maintain their regulatory Moat.
And this is all on the backs of a fake news article by Wall
Street Journal. They, as the saying goes, will
not let an opportunity, a crisis to go UN wasted.
So we've seen the creep of institutions and they are
continuing to creep and trample on our liberties, on our
freedom, on our freedom to transact, on our first, second,
4th Amendment rights. This is constantly going to play
out moving forward and forward. But the silver lining as
bitcoiners is we are winning. They are scared and you just
love to see it. I say it all the time, can't ban
Bitcoin. You can only ban yourself from
Bitcoin. And anytime a government comes
after Bitcoin, tries to ban Bitcoin, tries to control
Bitcoin. It just goes to show why we need
Bitcoin in the 1st place anyways.
Well, welcome to simply Bitcoin. We are your number one source
for the peaceful Bitcoin revolution.
We cover breaking news, culture and mimetic warfare.
We bring on bitcoins from all around the world, from the
biggest names to the everyday bitcoiner.
We got them all and we will be your guide through the
separation of money and state. All right guys, well as you can
tell I am hosting this. But I am not alone.
We got a very very special and 1st Co host, guest, guest, more
Co host and guest. She is a part of simply Bitcoin
Internet selfie, Nico's baby Mama.
Also content creator for us. So I I, I teamed this culture up
specifically for Sophie because I I know maybe not every one of
you guys is out there watching the shorts that we put out on
YouTube. But Sophie's been on the ground,
on the street level talking with normies.
I know, I know. We don't talk with normies
anymore. We don't talk with the average
person anymore. We're we're we're a little
detached from what a normal person thinks about Bitcoin
thinks about us. But Sophie's been doing these
St. interviews. So I got a few of them here.
And then I'm just gonna pick Sophie's brain and you know,
just ask you, Soph, what's the normal person think about us?
But let's save that for later. How are you doing today?
Yo, what is up? I'm so happy to be here.
I've been wanting to do this for a long time.
I'm so excited and today's a really big Newsday, so let's get
into it. Let's go.
Yes, as everyone knows, there needs to be more women in
Bitcoin while selfie is on the front lines.
And the last time you were on here, I think I was on a plane
and I think you almost beat me out in a poll that that you
should take my my spot here. No, don't worry, you still have
a lot of loyal followers. All of your fans got your back,
and I love that. I think that loyalty is the most
valuable trait in people. So you know what?
Like, I'm glad that people still voted you in well.
That's why you still have a job, Opti.
Oh my goodness. I bring a special, very special
vibe to the show. Some might say a highly regarded
vibe to the show and. I bring.
I bring The xx chromosomes. All right, all right.
Before we let this derail too much, let's get into the
numbers, guys. Nico, what did you do?
The Bitcoin numbers. Is your Bitcoin and cold storage
really secure? Is your seed phrase really
secure? Stamp seeds?
Do it yourself. Kit has everything you need to
hammer your seed words into commercial grade titanium plates
instead of just writing them on paper.
Don't store your generational wealth on paper.
Papers prone to water damage. Fire damage.
You want to put your generational wealth on one of
the strongest metals on planet earth, Titanium.
Your words are actually stamped into this metal plate with this
hammer and these letter stamps. And once your words are in, they
aren't going anywhere. No risk of the plate breaking
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Titanium stamp seeds will survive nearly triple the heat
produced by a house fire. They're also crush proof,
waterproof, non corrosive, and time proof.
All things that paper is. Not allowing you to huddle your
Bitcoin with Peace of Mind for the long haul.
Stamp your seed on Stamp Seed. Let's go guys.
We made it easier for you guys. Scan the QR code actually.
Actually, before I forget, Stamp Seed is doing Black Friday Deals
as we speak. Was trying to find the exact
discount, but you don't need a promo code.
Just go to their website. If you've been thinking about
getting yourself a stamp seed kit, go to their website now.
It will be going on until November 24th and you get a
discount. You don't need a promo code,
just go on. Everything is discounted until
Black Friday, so if you've been on the fence for this, get
yourself one at least by Friday. This is the cheapest it's going
to be guys. So anyways, let's get into the
numbers. Of course I am over here on
Clark Moody's dashboard and starting with my favorite
number, the block height Tick tock next block.
It's almost like Bitcoin works. It's almost like Bitcoin's
unstoppable. We are at block height of
817,982. The Bitcoin price is currently
$36,555.00. The stats per dollar AKA the
Moscow time, AKA how much your Fiat dollar is worth in Bitcoin
AKA how much Bitcoin you can buy for a single dollar is currently
at 2736 SAT's. Or for the bit Maxis in the
chat, 270 or yeah, 273 bits. I'm already getting confused.
Anyways, the total percentage of Bitcoin that will ever be issued
is currently at 93.09%. The market cap of Bitcoin in
Fiat terms is $714.6 billion and Bitcoin realized monetary
inflation taking Fiat currencies to school at 1.75% which will
get cut down in April of 20 of, yeah, April 20th.
As of now 2024, it's going to be the hardest currency in the
world coming up in a few months. The Bitcoin versus gold market
cap is 5.35%. The total public lightning
capacity is 5369.34 BTC. The hash rate the last 90 days
is 431.8. EXA hashes the pending fees.
Oh man the pending fees currently at 21.65 BTC.
So hopefully guys, when the mempools start to clear out a
little bit, you guys are consolidating your Bitcoin and
you guys are not going to wait until the bull run because I
think this is just a snapshot of what we are going to see moving
into the future. Block space is limited and
people will want to get the transactions and right now I
think it's a little artificially bloated considering all these
ordinal stuff, but it has a totally different conversation.
Anyways, the blocks to having having 22,000 and 18 and again,
as of now, we are going to hit the meme number of April 20th,
2024. That would be absolutely
beautiful to hit that meme number because meme is life and
life is memes. All right guys.
So before we get into the news, I think it is very, very
important to not only give context to everything going on
in the world. We've been we've been talking
about this constantly on the show that the politicians, the
bureaucrats, the central bankers, they would love to stop
Bitcoin. They continue to gaslight the
Bitcoin narrative, the the Bitcoin message.
They always pinpoint different reasons for Bitcoin or crypto
currencies that are totally missing the mark.
And I would argue that this is by design, because if they
really hit on the fundamental issue here, it is that inflation
is getting out of control, that there is a small cabal of people
in control of the money supply. They are.
They're printing our savings away.
They're debasing currencies all around the world.
The financial system is having trouble and they would like us
to believe that you can control a complex system such as the
economy. Well, considering that our news
is going to be very Elizabeth Warren centric, I thought it was
a good idea to play this video here and you can see this Nico
posted this this morning and I love the context, Here it goes.
The problem that Bitcoin solves is protecting individuals from
currency debasement. Senator Warren, I bet you don't
have the answer to that. Well, in this video Elizabeth
Warren directly talks about CBDC's.
As you guys know CBDC stands for central bank digital currencies,
but really it stands for central bank digital control mechanisms.
And she does her best to gaslight the normie into
believing that there is no reason for Bitcoin.
And the goal of this show is constantly to show the hypocrisy
and to show the real signal. The real reason why we want
Bitcoin is so that they cannot steal our wealth, so that we
have a censorship resistant money, a digital money for the
digital world, something that is hard capped, that these
politicians, central bankers, bureaucrats cannot just print
into Infinity, destroy our purchasing power because we know
no they have to keep printing to keep the game going.
Well, let's listen to Elizabeth Warren and let's see her try to
answer this question. That banks do wrong.
If you think we could improve that in a digital world, the
answer's sure you could. But in that case, let's do a
central bank digital currency. Are you there?
Oh, for a central bank digital currency, Yes, I think it's time
for us to. So essentially because we're,
you know, The thing is when you look at every piece of paper
currency, we issue not with coins, but every paper currency
has its own identity. So essentially we're prepared
for the blockchain now with with currency, should that be how we
build this? So I think of it as again,
what's the problem you're trying to solve and if the problem
you're trying to solve. Is fast, almost frictionless
ability to send money across the country.
Do it rapidly send it around the world.
Be able to send it to your cousins in Argentina if that's
what you're trying to solve. A central bank digital currency
does that, and you don't really need a stable coin for that.
You've already got a dollar denominated.
You don't really need a Bitcoin to be able to get.
So then the question becomes. So what is it that the Bitcoin?
What problem is it solving for? And now we get into a very
different space. Oh my goodness, Elizabeth
Warren. Does it not solve the same exact
problem that she's describing? It's like as if she's pretending
that Bitcoin doesn't do this. It's like as if she's pretending
that Bitcoin doesn't do this and more because you can't just
print more Bitcoin. Yeah.
And and really like it's funny how she keeps, oh, not only her,
but it's funny how anyone that constantly talks spat against
Bitcoin first and foremost, they always say Bitcoin instead of
crypto. When they, when they talk about
Bitcoin in general, they always use crypto.
When they talk about Bitcoin as a negative, they always use
Bitcoin. But I mean what she, what was
she saying? You know, frictionless payments.
Yes, this is all we're doing here.
All we care about is digital payments.
It's like no, the problem that Bitcoin solved.
And and let me pull up Niko's tweet again because of course we
we don't miss an opportunity to dunk on Elizabeth Warren here.
The problem that Bitcoin solves is protecting individuals from
currency to basement center Warren.
And it's funny that they never touch on the inflation problem.
They always talk about interoperability, you know, oh
you can pay your your cousin in Argentina.
Yeah the little little dude. Does she mention the fact that
in Argentina's inflation rate is, what, 140% plus right now?
She talked about stable coins. We know how much people enjoy
stable coins because they are seemingly stable until they
aren't. It's because we are just so
enthralled in the Fiat world. We we are so entrenched with the
idea that $1.00 equals $1.00 when in actuality what we're
doing here is we want to hold something that cannot be debased
by these people that is outside of their control, so that they
cannot continue to fund all the crazy stuff they they want to
fund that they literally print money out of thin airs to
continue to do. And it's just ironic, or rather
hilarious that Elizabeth Warren doesn't touch on the fundamental
problem. She always reframes the
conversation into something that is not even why we're doing
here. Like literally guys, everyone in
the chat here for the most part could get on Zelle or Venmo or
Cash app or what? At PayPal we all could have
frictionless digital payments. But I find it hilarious that she
not only touched on CBDC's, but she says we don't even need
Bitcoin. Just trust us bro, we know what
we're going to do here. Like we got your best interest
in mind. A CBDC will solve all your
problems and it just goes to show that this is the framing
that they will be using moving forward.
They're going to try to gaslight as many people as possible.
They're going to try to scare people out of Bitcoin, which
we're going to show in the news what they're doing.
But it's just it's absolutely hilarious that Elizabeth Warren
doesn't like Bitcoin, but what does she like?
Oh, she likes ACBDC, Like you couldn't make this stuff up.
These are the people that these are your betters, quote, UN
quote, that know what's best for you.
It's oh man, it's it's absolutely incredible that that
this is where we are on the story.
Anyways, Sophie, you have any other thoughts on this?
Well, what I want to know is what the government is going to
do and what Elizabeth Warren is going to say when they do create
a CDBC. And ultimately they'll have to
be a lot more transparent about the times that they print money
because everybody will be able to see it.
It's not like they can just, you know, do it and then all of a
sudden it pops up on some obscure chart.
It's like no, as you're buying the CDBC on whatever exchange or
whatever platform on Fed now. You're going to be able to see
that the market cap is just increasing and increasing and
increasing and that your value the your the the value of your
money is just going down and down and down.
Bitcoin doesn't do that. You will never see bitcoins.
Bitcoins supply increase unlike with a CDBC, and furthermore
they're going to be able to control how much you spend on
certain things. Say that they.
Say that they pass certain laws on, you know, how much you can
spend on gas. If they in the future, they
won't do this now, but little by little they'll start incepting
the public and telling them, oh, like maybe, you know, we we're
going to put a cap on gas. So the amount of CDBCS that you
can spend on gas this month has been limited, and you no longer
have free reign to spend on whatever you want.
That is, the danger of CDB CS is that they'll be able to not only
see what you spend, but control how much you're able to spend.
And that is very, very dangerous.
Yeah. And I mean like pushing back a
little bit on what you said. So they, they will not open
source their CBDC that that won't be free flowing
information because of course it's always rules for thee but
not for thee. Or rules for, yeah, rules for
thee, but not for me. And they will just make sure
that you don't peek behind the veil, because you know the
wizard, the Wizard of Elizabeth Warren knows best.
So here we are. We know what they want to do.
They want to control everything about you.
And This is why we Bitcoin guys anyways.
Yeah, it just it just goes to show that there is no second
best. It just goes to show that you
know there is. You're not going to be able to
compete with Bitcoin on that level because people are going
to wake up. This isn't like the 80s or the
70s where people didn't have access to information now.
We have the Internet now. We can see the blockchain, we
can see exactly who is not who, but what transactions are
happening and you cannot be cheated.
So if they're not giving you that information, you can
actually. You know the like.
You're going to choose Bitcoin. You're going to choose a better
system. Yeah, you are right on.
It is all about control, hence why I keep saying it is not a
CBDC central bank digital currency.
It is central bank digital control mechanism.
Anyways guys, we want to see you in Nashville.
We are going to take over Nashville next year, July 25th,
27th of 2024. At the Bitcoin conference, we
want to see you there, You guys say every single year.
And I and I constantly say this because I always hear it like,
oh, the price isn't too expensive.
We'll get your ticket. Now because you're going to FOMO
into the conference, you can use promo code simply on their
website and get a discount. We will see you in Nashville.
Can't wait to get in Nashville, TN.
I haven't been there before and I I keep hearing all the Bitcoin
media guys over there telling me that it's the place to be.
So we'll see you July 25th through the 27th.
Let me take over. Anyways, guys, let's get in to
the news. The Daily News.
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Wow. Wow.
You know, Sophie, we need you to redo that ad.
Absolutely. Code it.
All right, all right. Anyways, guys, let's get into
some serious talk here. OK?
So I'm going to go into a lot of the weeds here.
I'm going to go in depth on this topic of of course.
Binance getting slapped with $4.3 billion settlement.
CZ getting stepping down. I wouldn't say fired.
He's stepping down from his CEO position, but I want to start
with a clip from this press release and you can see here is
it was posted on the SWAN account, the DOJ press release,
full statements from Attorney General Merrick Garland,
Security of the Treasury, Janet Yellen, Deputy Attorney General
Lisa Monaco and Chairman Roston Ben Benham of the CFTC in
regards to this Binance news. And remember what I said, what
we've been saying on the show. Remember the tornado cash story?
Remember the Hamas story from the Wall Street Journal?
Remember the Finn Send proposals and all this is happening in a
relatively short time at the very end of the year.
Well, just listen to this opening statement here and make
up your mind for yourself of where they are trying to angle
this. What precedent are they?
Are they setting by taking down Binance?
What is the end goal? Don't just look one step up
ahead 'cause that is playing checkers, guys.
We're playing 5D chess here and we've been covering it all year
that we are in the then they fight you stage.
It's not a direct attack on Bitcoin, but they are doing
their best to maintain the regulatory mode.
So let's watch this two-minute clip as a lot being said in here
and you can hear it for themselves, what they want to do
and their framing. Nance has agreed to plead guilty
to willfully violating the Bank Secrecy Act, knowingly failing
to register as a money transmitting business, and
willfully violating the International Emergency Economic
Powers Act. These laws ensure that our
financial institutions are not available to designated
terrorist organizations, drug traffickers and sanctioned
nation states that threaten public safety and our national
security. The Justice Department is
requiring Binance to pay $4.3 billion in penalties and
forfeitures. This is one of the largest
penalties we have ever obtained from a corporate defendant in a
criminal matter. The Justice Department is also
imposing A monitorship as well as reporting requirements on
Binance as part of today's resolution.
Moving forward, Binance must file the Suspicious Activity
Reports. That were required by law.
The company is required to review past transactions and
report suspicious activity to federal authorities.
This will advance our criminal investigations into malicious
cyber activity and terrorism fundraising, including the use
of cryptocurrency exchanges to support groups such as Hamas.
While this historic plea is an important measure of
accountability, we know that corporations only act through
the individuals who run them. That is why we have also filed A
felony charge against and secured a guilty plea from Chang
Peng Zhao for willfully violating the Bank's Secrecy
Act. As CEO of Finance, Zhao
willfully violated federal law that requires financial
institutions to guard against the money laundering.
And terrorist financing. Zhao resides outside of the
United States, entered his plea in person in the United States
District Court for the Western District of Washington earlier
today. All right guys.
So I think it's pretty fair to say that just covering the CZ
Binance news, it it's kind of noise if if we're really talking
about you know we do our best to avoid the the shit coin
channels, the shit coin exchanges.
But I think the important signal here is the framing.
So before I get into digesting the framing here, investigating
what they're saying, let's read their press release coming out
the US Department of the Treasury Think there's a lot of
signal here. It will be a little more reading
than usual, but there's a lot that we need to cover just from
this press release alone. So the headline is U.S.
Treasury announces largest settlement in history with
world's largest virtual currency exchange finance for violations
of US anti money laundering and sanctions law.
And you can see here the first first sentence here is Fencen
settlement of $3.4 billion and OFAC settlement of $968 million
are the largest for each IRS criminal investigation leads to
Department of Justice action. So going into the press release,
the US Department of the Treasury through the Financial
Crimes Enforcement Network, Vincent, the Office of Foreign
Asset Control and IRS Criminal Investigation has taken
unprecedented action to hold Binance Holding Ltd and its
affiliates, collectively Binance accountable for violations of
the US anti money laundering and sanctions law that protect
American National security and the integrity of the
international financial system. Binance is the world's largest
virtual currency exchange, responsible for an estimated 60%
of centralized virtual currency spot trading.
Today, Binance settled with Fencen and OFAC for violations
of the Bank Secrecy Act and apparent violations of multiple
sanctions programs. The violations include failure
to implement programs to prevent and report suspicious
transactions with terrorists, including Hamas, Al Qassam
Brigades, Palestinian Islamic Jihad, al Qaeda data, and the
Islamic State of Iraq and Syria ransomware, attackers, money
launderers, and other criminals, as well as matching trades
between US users and those in sanctioned jurisdictions like
Iran, North Korea, Syria, and the Crimea region of Ukraine.
By failing to comply with AML and sanctions obligations,
finance enabled a range of illicit actors to transact
freely on the platform. Today's settlements are part of
a global agreement simultaneous with finance resolution of
related matters with the Department of Justice and the
Commodities Futures Trading Commission.
Finance turned a blind eye to its legal obligations in the
pursuit of profit. Its willful failures allowed
money to flow to terrorists, cyber criminals and child
abusers through its platform, said Secretary of Treasury Janet
L Yellen. Today's historic penalties and
monitorship to ensure compliance with US laws and regulations
mark a milestone for the virtual currency industry.
Any institution, wherever located, that wants to reap the
benefits of the US financial system must also play by the
rules that keep us all safe from terrorists, foreign adversaries
and crime or face the consequences.
FinCEN Settlement Agreement assesses a civil money penalty
of $3.4 billion, imposes A5 year monitorship and requires
significant compliance undertakings, including to
ensure finance's complete exit from the United States.
OFAC settlement agreement assesses a penalty of
$968,000,000 and requires finance to abide by series of
robust sanctions compliance obligations, including full
cooperation with the monitor ship overseen by Fencen.
To ensure that Binance fulfills the terms of its settlement,
including that it does not offer services to US persons and to
ensure that illicit activity is addressed.
Treasury will retain access to books, records, and systems of
Binance for a period of five years through a monitor.
Failure to live up to these obligations could expose Binance
to substantial additional penalties, including a 150
$1,000,000 suspended penalty which would be collected by
Fencen if finance fails to comply with the terms of the
required compliance undertakings and monitorship.
The Monitor will oversee remedial undertakings necessary
to address Finance's failure to comply with his anti money
laundering and sanctions obligation.
The Monitor will also conduct periodic reviews and report the
Fencen O FAC and the CFTC on its findings and recommendations to
ensure Finance's ongoing compliance with the terms of the
settlement agreement. Today's unprecedented actions
under SCORE Treasury's committing to promoting
compliance within the virtual currency industry, including by
actively enforcing AML and sanctions law.
Treasury's authorities to enforce those laws abroad
reaching a wide range of misconduct and can apply to both
US and foreign persons wherever located.
Virtual currency exchanges and financial technology firms
should, like any other financial institution ensure that they
adopt A managerial commitment to compliance at the very top and
that risk based programs and controls are integrated effect
actively into their platforms and technology from day one.
Treasury work, and this is I think this is a nugget here as
well. Treasury work closely with
counterparts at DOJ, including the Criminal Divisions Money
Laundering and Asset Recovery Section, the National Securities
Divisions Counterintelligence and Export Control Section, and
the US Attorneys Office for Western District of Washington,
as well as the CFTC, a three-year coordinated action by
basically every ABC institution that America has.
Anyways, there you hear their framing.
But I want to point out a few things that Fencen is arguing
here, and it is the reasons for them clamping down on Binance.
And you can see it here guys. It goes as a money service
business. Binance was required to report
suspicious transactions to Fencen through Suspicious
Activity Reports, AKA SARS. Fencen's investigation revealed
that Binance, former chief compliance officer, told
personnel that the CE OS policy was not to report such activity.
And Binance never filed a single SAR with Fencen, and finance
willfully failed to report well over 100,000 suspicious
transactions that it processed as a result of its deficient
controls, including transactions involving terrorist
organizations, ransomware, child sexual exploitation, material
frauds, and scams. And here they lifted listed them
all out. Terrorist financing finance
failed to report to fencing transactions associated with
terrorist groups including Al Qaeda, the Islamic State of Iraq
and Syria, AKA ISIS, Hamas, Al Qassam Brigades, and Palestinian
Islamic Jihad. There was ransomware.
Despite being one of the largest receivers of ransomware proceeds
and transacting in millions of dollars of ransomware proceeds
from attacks involving at least 24 different strains of
ransomware, binets failed to report these transactions.
Child sexual abuse materials. Binets never reported
transactions with websites devoted to selling child sexual
abuse materials, including dark sandals and dark neck markets,
scams and other illicit activity despite sending and receiving
virtual assets. Proceeds from large scale hacks.
Account takeovers in dark net markets dealing in illegal
narcotics? Counterfeit and fraud related
goods and services as well as other illegal contraband by Nets
never reported any such transactions.
And the next one with OFAC is about sanctions and they talk
about the how they had to work together with the criminal
investigation of the IRS to make this happen.
But the signal is very clear and Janet Yellen said this again in
the press release. If you guys want to watch the
whole video, I can drop the the, the the link in the show notes
for you guys. But Janet Yellen says if you
want to operate in the US, they must play by the rules and if
they do not, the US will take action.
It is becoming very clear that they are coming after not only
shit coiners or unregistered securities, but Bitcoin in
general. We've been covering this in the
in the EU, everywhere around the world, they do not want an
escape route, they do not want an exit hatch because they know
that once people escape, they are not coming back and the only
thing they really have is the control of information and the
control of your transactions. Again, as I always say, it's all
about the money. It's always been about the money
and money is always the funnel that gets clamped down.
And I have here CZS tweet where he talked about him leaving
Binance. You guys could read this on
Twitter but I think it's very interesting that at the very
bottom it here is CZS you know claim to fame here.
He's like I can't see myself being Aceo during a start up
again. I may be opening some coaching,
some mentoring. If for nothing else I can at
least tell them what not to do. On that note, I am proud to
point out that in our resolutions with the US
agencies, they do not allege that Binance misappropriated any
user funds and do not allege the Binance engaged any market
manipulation. Your funds are SAFU, which I
think is him kind of differentiating himself from FX
and that whole debacle. Well, this is a totally
different beast I would say. You know, I'm not a big fan of
CZ, of finance, of shit hornery in general, but it's becoming
very obvious that this is some precedent that is being set by
the DOJ, the Department of Treasury, FinCEN, OFAC to
basically scare everyone into compliance to show that, hey, we
still are the big dogs in the room.
And if you want to have the US market, well, you're going to
have to pay to play. And here we go.
Apparently, Susie was released on $175 million bond.
He will have to go to court eventually and we'll see how
this all plays out. But the interesting nugget of
all of this is the fact that we had the DOJ, the Department of
Justice, CFTC, all of them frame that this big win of knocking
down finance, making them pay. The largest settlement in
history of getting CZ to step down was because of financing
terrorism, of money laundering. And I've been saying this on the
show for I don't even know how long now that they will use the
same low hanging fruit examples of money money laundering,
financing terrorism, you know, they even use child abuse
material. They use ransomware.
They use hacks. They're they're throwing
everything they can to scare the normie away from Bitcoin to make
it seem like everything we're doing here is nefarious.
But I find it hilarious that the Wall Street Journal rolled out
their own article by Nance Fender Chang.
Peng Zhao agrees to step down, plead guilty.
Zhao's crypto exchange will also admit wrongdoing and agree to
pay $4.3 billion in fines. Well, this is what, a week or
two after the fact that Wall Street Journal dropped this fake
news article about Hamas militants behind Israel attack?
There's millions in crypto that was fully debunked and I have
Sam Callahan here. We covered this in the past, but
it was confirmed that chain analysis just destroyed their
numbers. It turns out that they said
there was $82,000,000 that was used finance terrorist groups,
but in reality it was a $450,000 that was used.
And I'm not here to nitpick about what group is what and
who's a terrorist or whatever. I am just here to point out the
hypocrisy that they're still using the corporate press to
implement things that go against our liberties, our freedoms.
And it's just it's absolutely mind blowing that they reference
Hamas and financing terrorism in this press release.
When we know it was fake news, when we know it was completely
debunked not only by chain analysis but by other companies
by you know Sam Callahan did this great tweet and it just
goes to show we we've been covering this since his news
came out Reference Preston Pish again.
Bitcoin is anti totalitarianism. How to protect financial freedom
in an age of market manipulation and policy overreach.
I'm just going to hit on a few points because there's there's
so much here guys and and it just it really in my opinion
trying to connect the dots. Hey this isn't so much about CZ
getting kicked out of Binance. Binance paying a fine for
skirting U.S. sanctions or regulations.
This is about setting precedent so that they can come out after
Bitcoin custody, Bitcoin exchanges, so that they can
maintain the regulatory mode or as a lot of people are saying,
so that they can clear out the amateurs, bring in the
professionals, release their Bitcoin ETF and you know, trust
BlackRock and all them with your Bitcoin ETF because they know
what's better. They, you know, they know how to
run finances better than you. It's it's not them that got us
in this position. It's you know, Beyoncé and
Taylor Swift that is causing inflation, everything else but
the fact they are printing obscene amount of money.
So let's get into this article from Bitcoin Magazine, Press and
Pisco's. In the face of ongoing
challenges to our cherished freedoms, it is imperative to
critically examine the forces at play that threaten the very
fabric of the Mac democracy. The ideals of freedom and open
markets are at risk of being undermined by influential
political forces seeking to impose oppressive order and
control in the name of security. This article delves into the
pressing need to fix our manipulated markets, protect
Bitcoin and its inherent anti totalitarian qualities and and
inform US policymakers that democratic values are what's at
stake. And this was before we got
these. I think this is actually right
when we got the FinCEN proposal that we were covering this and
you can see present pitches over the target, the newest assault
on financial freedom in Bitcoin. In a recent letter from Senator
Elizabeth Warren and numerous numerous Congressional members.
They leverage International Crisis to further their own
political agenda and curtail financial freedoms.
Armed with a freshly published fake news article from Wall
Street Journal that falsely suggests Hamas raise a
significant sum of crypto funding to attack Israel, the
truth couldn't be more obscured. The irony of this claim is that
the public Bitcoin blockchain provides evidence that anyone
can dispute, which is exactly what happened today following
the senator's letter to the President.
As I explained with Sam Callahan moving down a little bit, the
narrative on what was actually released depends heavily on the
news outlet or political interest one consults, often
resulting in biased and self-serving points of view.
The irony, the stark contrast between politically manipulated
numbers and the transparent reality a public blockchain
provides underscores the urgent need for thorough factual
analysis and the adoption of publicly verifiable monetary
units like. Bitcoin.
Why is this so concerning? It's because the knee jerk
policy reactions based on false information and poor reporting
can have devastating long term impact to the US competitive
economic position and more importantly the liberties and
freedoms of the citizens and what appears to be a coordinated
policy response. Now we know it was one day after
Senator Warren's letter. the US Financial Crimes Enforcement
Network, AKA Fencen, came out with a proposal for special
measures regarding convertible virtual currency mixing and
labeled it a primary money laundering concern.
Based on all the information contained in the fence and
proposal, it opens the door for expansive policy to infringe on
the rights of individuals. For example, the increased
surveillance and potential loss of privacy could subject
individuals running Bitcoin full nodes to unprecedented security
and again the last thing a call to action from press and pitch.
So what do totalitarian governments embrace?
They embrace control. Such a control is often
established through small and incremental changes that mask a
deeper trend and direction that citizens don't notice.
As we are seeing happen in in real time, this progression
ultimately leads to absolute control.
Now, what is the paramount lever to pull if a government was
interested in absolute control? That's right, the money.
Because money is the energy that fuels every action and desire of
the individual. Citizen.
Therefore, let let me be very clear, you will not be a
totalitarian government. By becoming more totalitarian,
America was founded on the principle of individual rights
and freedom. Those freedoms in turn created
the strongest economy and most powerful nation on the planet.
It is the very freedoms that are at risk with knee jerk policy
decisions to remove your individual rights in the name of
security and they very much did that.
Guys do not get lost in the weeds.
They literally said threat to national security in that press
release multiple times. They reference financial
terrorism, anti money laundering, that Bitcoin and and
Binance at large is a threat to the international financial
system. And it's just absolutely
incredible that not only have we been talking about this, but
anyone that is awake knows exactly what's going on.
These knee jerk policy decisions to remove your individual rights
in the name of security. It's always the same same low
hanging fruit example and in the face of an unstoppable tie that
is Bitcoin and decentralized finance.
It is paramount that we as a society and particular as
citizens of the United States recognize the critical
crossroads we find ourselves. The trajectory of Bitcoins
innovation and adoption will continue with or without the
active participation or understanding of any single
nation. The question that remains is
whether we will be leaders or laggards in this inevitable
financial evolution. And again, Nico's not here, but
he summed it up perfectly in a tweet.
The amount of times they mentioned terrorism during the
DOJ press conference regarding Binance was striking.
They claim that the platform and crypto was used to fund Hamas,
just like the bogus Wall Street Journal did.
A couple weeks to go cheesy. Definitely did some shady stuff
with finance, but from my perspective, they also took
advantage of the situation to try to achieve their ultimate
end goal, stop Americans from taking custody of their Bitcoin.
And we are not the only ones that are hitting on this theme.
Because I find it very interesting that everyone on
Twitter is just kind of celebrating CZA Shit Corner
getting knocked from his company when in reality what is going on
is they are slowly but surely creeping to take away your right
to custody, your Bitcoin. They're going to figure out any
legalese to do that. And this is a what?
A third step in the precedent to continue down that road.
And here we got Marty bent on TFTC, the bent Marty's bent.
The charges against finance and CZ are a misdirection play.
This is pure projection. The US government is the biggest
perpetrator of financial crimes on the planet and it's
absolutely incredible that they can go out there and just press
release and with a straight face say that we are the criminals
here. Absolutely ludicrous hypocrisy.
Anyways, let's dive into the first part of this bad
newsletter by Marty. It hits a nail on the head, as
I'm sure most of you are aware by now.
Earlier today or yesterday, the Treasury Department and the
Department of Justice announced that they would reach a plea
agreement with Finance and its CEO CZ for Banking anti money
laundering laws brought forth by the CFTC purportedly helping
Hamas finance their operations via their exchange.
The plea deal entails the CZ pays a $50 million fine
personally to the CFTC and Finance pays more than 4.3
billion in fines, the largest fine ever levied by the Justice
Department on a single corporate entity.
When you take a step back and survey the field, this move
makes sense and is a win win for all parties involved.
The market is eagerly awaiting the approval of the spot Bitcoin
ETFs that have filed and are sitting on the desk of the SEC.
The SEC comments today have been clear that their biggest worry
at the moment is offshore exchanges manipulating the price
of Bitcoin. Finance is the largest exchange
in the world and has successfully operated outside of
the purview of the United States government until today.
With this plea agreement, the offshore price manipulation
problem is solved, CZ is able to get away with a relative slap on
the wrist, and the Treasury and the Department of Justice are
able to LARP about how they're protecting consumers.
At the end of the day, the result of all this will be the
spot Bitcoin ETFs getting the green light regulatory
enforcement precedent that will be used to pressure companies in
the space to make the experiences of their users much
worse and CZ getting a clean exit backstage where he will
likely operate Binance from the shadows and reap the massive
benefits that will come with the next bull mark without spending
the rest of his life loaded in a cage.
This is a classic misdirection move that comes with the corrupt
pay to play mechanisms that have become all too common in our
Fiat denominated world. The Treasury and the Department
of Justice don't actually care about protecting consumers.
What they care about is the perception that they are
actually doing something beneficial by taking care of
finance. Nothing makes this clearer than
the fact that they have focused in on terrorist financing as the
activity that they are preventing.
If the Treasury Department and the Department of Justice truly
cared about the end consumer, they would have lambasted
finance for leading their users to financial slaughter by
incentivizing them to burn their hard earned money on altcoin
speculation. The focus on terrorist financing
allows them to pretend that Bitcoin and other crypto
currencies are the medium of exchange of choice for
terrorists, which will enable them to single out and
scrutinize the industry even more, even more moving forward.
This is pure projection play because it's the Treasury or the
DOJ actually cared about preventing money laundering and
terrorist financing, They would investigate themselves.
It is very convenient that they're everyone to pick on
Bitcoin and other crypto currencies.
And we're seeing this guys and you know, we know, hey, we do
have SWAN as a sponsor. We know that if you want to work
in America, if you wanna be an exchange, you have to follow KYC
AML laws. But KYC and AML laws are the
illegal action here. Why should we have to pinpoint
everything that we need to do and and tell these criminals
what's going on with our transactions when they can't
even audit themselves? How much money is a Pentagon
laws? How much criminal activity have
they been caught in? And yet they come out here and
they say that Bitcoin is only for criminals when we constantly
bring the receipts here, that Bitcoin is hardly used for
criminal activity. What it really is, is humans,
average everyday people like us that just want to save in
something that cannot get to base and a kind of interesting
tidbit we got here Will Paul Block and he goes.
This week Blocks and twelve others including Ledger,
Coinbase, Lights. Box submitted a comment letter
on the IRS proposed broker reporting rules focusing on self
hosted wallets. We argued that exempting wallets
because they do not hold the requested requisite information,
cannot see and are not party to the relevant transactions for
reporting purposes and do not have the same type of
relationship with customers as traditional brokers.
We also felt that the regulators has drafted fundamentals
eventually did not accurately take into account the nature or
purpose of self hosted wallets. We therefore spent an extended
period of time exclaiming wallets, wallet technology and
their role in the digital asset space and shouts out the
foundation as being one of them. We deserve to be able to self
custody Bitcoin. There is no law, there's no
criminality against custody Bitcoin and they joined this
effort. It is your right to take Bitcoin
into self custody. There is nothing against this
and the fact that we are constantly being gaslit into
every politician out here telling us that we can't hold
Bitcoin, that Bitcoin is for only for criminals.
It's absolutely ludicrous. We know the real criminals love
the Fiat dollar and this is where we are in the fight guys.
They will continue to roll out these low hanging fruit examples
of money laundering, financing criminals, anything they can to
scare an army away from Bitcoin and further keep pushing
different regulations, different proposals so that they can try
to bottleneck Bitcoin. We know on and off ramps are the
choke point, remember Choke .2 point O.
But moving forward I think we're going to see more and more and
more of this. It has never been more important
to take Bitcoin into custody. Make people download Bitcoin
wallets. Explain to them what is going
on. Explain to them the hypocrisy
because they are actively fighting Bitcoin guys.
Yes, they may have a victory by taking down CZ, but do not get
it twisted. They will be coming after
Bitcoin soon. They are laying the rails,
they're laying the groundwork so they can come after Bitcoin
custody and Bitcoin in general. And it's one of these moments
like bring it on can't stop Bitcoin.
You can only stop yourself from using Bitcoin And as an American
and and one that would like to see America first.
It's absolutely disgusting that we're seeing these kleptocrats
in Washington roll this out as this is for national security,
this is for our safety when in reality it's to maintain their
maintain their control. And it's just very unfortunate
that that we're going to see a lot of people get caught up in
this, get gas lit, and just here we are guys.
Anyways, I went way long, so much stuff to cover.
I'm sure there's some other stuff that we could have
covered. But again, you know, and then
the thought of time here, I had to keep it kind of quick anyway.
Sophie, what's your thoughts on this?
Wow, I have so many. Thoughts.
I actually took some notes. I feel that all of this started,
All of this abuse by the government started when the
Patriot Act was launched. Because it started off with good
intentions, the road to hell is paved with good intentions as a
way to protect Americans from terrorism.
But now this law is being used to sanction countries and more
sanction individuals and make the claim that because these
countries are sanctioned, they are also terrorist individuals.
That they're gonna control, they're gonna basically launch
financial war on these individuals.
And my my question in all of this is where does the $4.3
billion go? Who is actually using that
money? What politicians are using that
money and what are they using it for?
Is it going to be a drop in the bucket for the ever increasing
deficit that we have in this country?
Because that's not going to do anything for the people that
actually, it's kind of like a slap in the face that they're
going after these people when they haven't even fixed the
deficit themselves. And and I agree with Punk Floyd,
I doubt that they had good intentions in the long run, but
that's the way that they framed it to the American people.
And the way that I see this is that in this peaceful
revolution, in this war against Fiat, the best way that we can
fight is by opting out. It's not money laundering if you
never sell your Bitcoin and if we get other people to adopt A
Bitcoin standard and to actually keep their value.
In Bitcoin and stop selling their Bitcoin into Fiat, then we
have already won. There is absolutely nothing the
government can do about individuals storing their value
in self custody. So the best thing that you can
do is is actually buy Bitcoin, keep it in self custody and it
is it is the most revolutionary thing that you will do in your
lifetime. This, this Patriot Act is is
such a violation against the 4th Amendment and it's such a bogus
excuse for them to be able to control people's finances,
people's communications. It's it's actually insane that
we've let it go on for this long and I I stand for peaceful non
compliance. We have to opt out.
We have to buy Bitcoin, we have to keep it in self custody and
we have to defund the real terrorists of this country which
are slowly becoming more and more the US government perfect
love it self. Yeah, it's becoming very clear
that the the people in power, they do not have your best
interest in mind. They will use any example they
can to maintain their control. Everyone and Nico himself always
jokes and trolls me about Chrissy Lagarde.
And I always quote the If there's an exit route, people
will use it. I think we are at the point
where we can no longer be naive in thinking that they don't
understand what they're doing. I think they actively know
exactly what they're doing and they are.
They're slow rolling this guys. They they're not going to do
one's fell swoop and try to control Bitcoin because it would
backfire on them. They know they cannot control
Bitcoin, but what they can do is a slow creep, Slowly but surely
enact new and new rules, new and new obligations until they have
fully captured Bitcoin. And as we see this Bitcoin ETF
get rolled out soon, I I think it's becoming more and more
important than ever to get people to download Bitcoin while
it's saving Bitcoin. Understand what is going on.
Understand that they are asleep at the wheel and the people in
suits on television do not have their best interest in mind.
Anyways, we got to get into the culture.
But before I do that, guys get to Kaboom racks.
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your hand and get you guys on board.
All right, let's get to the culture, the daily culture.
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All right, guys. Well, we have, I would maybe say
now the infamous Internet selfie on with us today Co hosting.
And I'm sure a lot of you boomers and millennials that
watch us or or like myself, boomer millennials aren't
watching the shorts. And so I wanted to play a few of
them here because I think it's it's interesting how just far
down the rabbit hole we are as Bitcoiners and we forget just
what a normie or average person thinks about Bitcoin.
Well, Sophie's been doing these interviews literally on the
street talking to normal people and it's very interesting to
hear their responses to Bitcoin and really just how uninformed
they are And not to dunk on anyone.
But this is where we're dealing with like we're dealing with
humans at the very end of the day.
And as we covered in the show, the average person is just
constantly getting gaslit into believing all kinds of crazy
stuff about Bitcoin and they they aren't well informed.
Hence why I think it's so important to be doing Bitcoin
only media to constantly show the hypocrisy of the corporate
press. To do our best, to give you guys
signal so that people know what is going on.
So that we bring on receipts and of course get the best practices
in Bitcoin. Of course start accepting the
ideas of freedom. That we're not just crazy people
here, that we have some basis in reality and we see where the
future is going. And of course it is simply
Bitcoin. So let me play a few of these
Soph. And if you want to jump in after
each one just let me know and and I won't play the next one.
So let's let's listen to a few of these shorts guys.
We read this article. That says the massive inflation
of the housing and stock market has made the average American
household worth $193,000 Cap. Do you find that to be true?
In your life? No, no it.
Doesn't sound right. I think that's cap.
Do you buy any Bitcoin by any chance?
No. No.
I'm not very good with stock market stuff.
I'm not good with stock market stuff either.
But the good thing is this is so much better than the stock
market. This is actually like the best
performing asset year to date. It's money that the government
can't take away from you. OK.
Yeah. Thank you.
I'll look into it. Thanks.
Wow, I feel. I feel like at the end.
And like money government can't take away from you.
It's just like wait, what? Like what?
Who are you? Weird Cyber and on girl.
Yeah, honestly, I. Feel like a Bitcoin evangelist
in the truest sense when I go out and do these, because people
just look at you with the weirdest, strangest look.
They are so skeptical that this is a real thing.
They're like money. That's mine that the government
can't take away from me. But what about the IRS?
Like, that's like the first thing people talk about.
It's it's almost a too good to be true technology and that's
why. So many people associate it with
the scam. Not to mention that there are
shit coins that have completely ruined the the reputation of
Bitcoin. In my opinion.
Just the fact that that it's something that people cannot
conceive to even be true is is kind of the first step in
breaking that barrier. OK, now I I think this one of
these guys might be corners kind of.
Let me No, they're not OK. Well, one of them was.
So in that one, one of them was and then the guy who looks like
Rico Suave with a kind of semi suit.
There he was. He's a hedge fund manager.
I don't know. He's like into stocks.
Let's like this, Let's like this, and then we'll get some
context. Do you buy Bitcoin?
I just bought, actually recently.
Yeah, I'm buying. As long as it keeps going out.
I like that it's an unregulated market.
They try to regulate and bring a new ETF I think.
Yeah, now that this. ETF is coming out.
I feel like people are becoming a little bit more comfortable
with it on that though, like having having a regulated ETF in
an unregulated market if it gets people.
To start buying Bitcoin, that works for me.
It's it's opening the door. Everybody who's ever bought
Bitcoin has had to start somewhere.
I like to have a plan. And go into it knowing when I'm
going to put more money in and when I'm going to pull out.
Pause. Yeah, well with this like I.
Said they're cycles that that logic does apply, but you're
going to have to study the cycles, yeah, for sure, if you
keep buying and. Selling then you have to pay
your taxes on it. Yeah, no, but if it's a long.
Term capital gain I I I agree with you.
I think the long term vision is better.
Yeah. Thank you guys.
The pause. Yeah.
Cracking me up. Yeah, I know.
I know. Never.
Sell, never sell. I'm telling you the best thing
you can do in this peaceful revolution is just never sell.
Keep your money on self custody and just wait.
Wait, because it'll come eventually.
Everybody will wake up and just be like, what have I been doing
using dollars this whole entire time when I could have been
trading peer-to-peer with Bitcoin.
But anyway the context behind that.
It was. I mean, obviously these are
shorts that get edited down and these conversations can
sometimes go for like 5 or 10 minutes where I start, you know,
debasing every single point that they have.
And so they talk about, you know, what happens when you,
when you sell your Bitcoin, like you have to pay taxes on that or
you have to do this or you have to do that.
And it's like. You know, yes you do.
But if if the if the fact that you made money, if number go up
is the thing that gets people to wet their feet in the pool of
Bitcoin, then I think that that's a step forward because
once people benefit from Bitcoin, they will be like okay,
I made money on this ETF. But what is Bitcoin really?
And then they start looking into it.
They start falling down the rabbit hole and they are
incentivized by the fact that they made some money in the
short term to perhaps make a more long term plan to hold
Bitcoin. And you know, people get in at
different times. It's different for everybody.
Some people started shit coining at the beginning and then they
they learned the hard way. So maybe this is the more
traditional. Investor's Way of Learning about
Bitcoin. And honestly, I'm cool with
that. As long as people begin and they
start to learn about it, I think that it's it's a positive
introduction. All right.
Well, it's very interesting. Like once you go down the rabbit
hole, as you can tell, most people don't know what's going
on with Bitcoin. And of course, most people don't
have the time to study Bitcoin. People don't even know what's
going. On with money, people have no
idea. People have.
People don't know how an iPhone works.
Like, that's always the the argument that I like to make.
People don't know how an iPhone works.
Yet there are billions of people around the world that use an
iPhone. Yeah, you know what I'm saying?
And then once, once they get into Bitcoin, there's not going
back to Fiat anyways, let's do this last one.
And then I want to ask you just a very generic question we are
out on the street asking. People, do you buy Bitcoin?
I have. I have not, but I have bought
crypto before. OK, there's a new.
Black Rock Spa ETF that's coming out, that's going to put Bitcoin
on traditional markets. Do you think that you would be
more comfortable or like people who, you know would be more
comfortable buying Bitcoin if it was on a traditional market?
Like if you could just buy it off of Charles Schwab or E*Trade
or any of those platforms? Yeah.
OK. Cool.
Thank you. We.
Were to see it on more traditional platforms, I think
it would make people more comfortable.
College students So my budget not going to stretch farther
enough for me to buy any like, real big piece.
But now you're actually getting me interested to do a lot more
research on the go Be all right. Thank you so much.
Wow, self doing Satoshi's work out there.
But as you can tell, like most people just haven't been exposed
to the Bitcoin signal. And I think we all had to get
exposed to Bitcoin at least like, you know, minimum three to
five times before we finally took that final leap.
And I think we're getting to that point where it's more more
conversation happens around Bitcoin as it does get
legitimized. Like, I know we here, it's
simply Bitcoin. And in the chat, we do not
advise you guys to put money into Bitcoin ETFs.
It is paper Bitcoin. Do not do that.
But there is a semblance of legitimacy that comes with that.
And you can see in real time that people are like, oh wow,
OK, I I thought this was just, you know, Internet nerd money.
I thought this was just money for terrorists.
I thought this was just money for drug dealers.
And it's like no guys, it's so you do not get that you're
you're savings debased anyways. The generic question Self is
like you've been doing these interviews.
Give me a generality on what do you think an average person
thinks about Bitcoin today after all these conversations that
you've had on the street? So the average.
Person just simply does not know about Bitcoin.
And that is the biggest hurdle that I've had to get through.
Even when I go go up to people and I ask them, hey, can I ask
you a question for my YouTube channel, they say what's the
question about? And once I say Bitcoin, they're
like, I don't know anything about Bitcoin.
I don't want to be on camera. People people are turned off by
what they do not know. And that's why I'm such an
advocate of getting Bitcoin into the ears and into the minds of
people by any means necessary. Even if it means by shilling an
an ETF of paper Bitcoin. OK, yes, I get it.
It's not real Bitcoin. It's not what I would buy.
It's not what I would advise anybody who I love to really
buy. But if that makes the average
person more comfortable and. If that will make the average
person start to look into what Bitcoin really is because they
have now a stake in Bitcoin in their minds, I think that that's
positive marketing for Bitcoin and I think that we have to be a
little bit more open minded because of how close minded the
average individual is. And they don't understand how
any of this works. They don't care to understand
Bitcoin is an inconvenient solution to a very big problem
that has made money very convenient.
So. I like this Has does Miss Sophie
ever tell them to have fun staying poor?
I've actually thought about doing that as content, just like
being like, hey, do you buy Bitcoin?
No. OK, have fun staying poor and
seeing people's reaction. But I'm not trying to get people
to hate on Bitcoin. I mean on on Bitcoin or on
Bitcoiners. But you gotta be nice to the
norm of these guys. That's the point.
You got to be nice. You got to make Bitcoin fun,
sexy, cool. That is the whole thing.
Like if you start. Like, though, the next short
that's gonna come out the next interview is me asking people,
do you think bitcoiners are annoying?
And how? What can we do?
What can we do to be less annoying?
Yeah, I know, we're unbearable. But it's because we're trying to
save you. We're trying to tell you how to
preserve your wealth and your value and how to stop getting
screwed by the US government and by the Fed.
I promise we're trying to help you.
I just. I know that we're annoying about
it. It's like we're a.
Parent and the rest of the world are a bunch of teenagers, but
whatever. Eventually people will get it
the hard way. Yeah, actually Nico called me
this morning. We were all on the phone and he
kind of brought up a good idea and I think it relates here.
And I know we've got to go to the meme review, but there was a
point when Internet Sophie wasn't a bitcoiner and she had a
crazy boyfriend named Nico Jones, and he would rant about
Bitcoin constantly. So what's it like?
I don't know. Getting orange peeled by your
significant other? Like is this is this what we got
to do? We we just all, as bitcoiners,
have to make our girlfriends or imaginary girlfriends
bitcoiners. Like what?
How? How's that road been?
And then I guess maybe add on. How's how is it being soon to be
married to a adamant crazy quote UN quote crazy bitcoiner?
Well, that's first of all, that's why I have so much
empathy towards people who don't know about Bitcoin.
Because I just I I've been there before and I'm.
I try to take the softer approach because I don't know
these people, they're strangers on the street and I don't want
to get punched in the face. But what does it feel to date a
bitcoiner and to now almost be married to one?
It's been a roller coaster ride yourself and being and.
Becoming a bitcoiner myself, I mean, it's been a huge roller
coaster ride. There have been so many moments
of doubt and there have been so many questions that I've had to
search the answers for because I myself didn't know anything
about Bitcoin. And I had to, like, really take
that step forward to find out about not just Bitcoin, but
about the monetary system. How You know how.
That what money is backed by how everything works in the
financial system. And I I think that it has been a
very humbling experience because I was not aware of how much I
didn't know. And at some point I I went
through a little bit of depression because I thought,
wow, like my whole entire life has been a lie and it it could
have been so much better. A few years ago, if I had just
bought Bitcoin and if I had not trusted these institutions that
told me to trust them my whole life.
And so, you know, now I question everything.
Now I, you know, I look at the thing, my actions a lot more
carefully. Everything from the food that I
eat to the content that I consume, to the way that I'm
going to be able to raise my daughter and and the way that
I'm going to to, you know, just go about being a mother.
It has completely changed every other aspect of my life because
it has forced me to look at things with a little bit more of
a critical mind instead of just going along with what everybody
tells you. And when you fix that base layer
of society, which is money, and Nico says this all the time, it
trickles down into other aspects of your life, And eventually it
trickles down into culture. It trickles down into politics.
And that's why buying Bitcoin and having it in self custody,
understanding how the world actually works, not from what
they tell you but from what you can deduce with your own mind,
is so important. In today's day and age, a lot of
people are just brainwashed by what they see on social media
and on TikTok and what the mainstream media tells them to
believe in. And they've forgotten how to
actually form critical thought. And I think that Bitcoin has
dismantled and has. Lifted the curtain for me and
has allowed me to to actually like see things for what they
are and not for what I've been told they are.
Love itself. Well, I guess as the meme goes,
Bitcoin changes you. You don't change Bitcoin.
Each one of us is constantly, whether we know it or not, a
walking billboard for Bitcoin and we're exposing the world to
what Bitcoin is by just the way you live and and the your
viewpoints and being a successful human in in general.
So you know, we got a long road ahead as Bitcoin educators, but
hopefully we can do a small part in continuing to orange peel the
masses to get to the Bitcoin remnant, to show people there is
an alternative to what's going on and hopefully wake up just
that person that's on the edge, you know, they're they just need
a little push sometimes. They just need a little push, a
little loving, compassionate push towards becoming a bit
corner. Because I think it's becoming
clear that most people are starting to wake up.
They're starting to feel the pain.
They're starting to understand. Wait, everything is not exactly
as I'm being told. So here we are.
Anyways, Internet Sophie, good to have you on the show.
Thanks for the insights. Let's get into the meme review.
The Daily Meme Review. All right, you guys know the
deal. Tag me on Twitter at Simply
Bitcoin TV. Drop them in our Telegram group.
T dot me slash simply Bitcoin TV tweets of the bullets, memes of
the artillery. This is the meme review where we
distill everything we say into pictures and mimetics.
We are in a mimetic war right now.
It is an information war. Continue to get the calls of
action out there. Continue to ridicule the
corporate press. Continue to make the funnies so
your friends and family know why we do what we do.
Anyways, the 1st meme here is by Bitcoin Archive AKA at BTC under
Score Archive. And I thought this was a fitting
one considering all the stuff going on in the news.
And if you guys know, John McAfee is an absolute legend.
Just a legend in his own right, let alone as being a part of the
Bitcoin and even I guess the shit coin space at large.
But just an absolute legend. I watched his Netflix video like
his documentary and it's dude, this guy is is is a character
absolute animal. Rest in peace or maybe allegedly
rest in peace. I don't know what's going on.
Anyways, we got a picture here of John McAfee with the Bitcoin
logo and it goes, you can't stop Bitcoin.
It's like trying to stop gunpowder.
And you guys know my one of my favorite memes is safety and
people will adopt Bitcoin like gunpowder via necessity and you
cannot isolate yourself from the consequences of someone holding
a better money. And everyone just doesn't know
that Bitcoin is the best money that they're holding melting ice
cubes that Fiat is trash. But they're waking up.
They're learning. Next meme is by at Fe Bitcoin.
He just goes hashtag Bitcoin and we got a picture here of CZ with
four fingers and it goes $4.3 billion.
That is the fine that he paid that he's seemingly getting a
slap on the wrist and just kind of walking away, walking away.
And and for those that maybe aren't familiar, Aceo stepping
down from his position in in a, you know, a criminal case like
this. It's not like a new thing.
And I and and just to be clear, at least, you know, maybe I'm
putting on my tinfoil hat here. It's not like he's going to be
completely gone out of finance. This is just a save face.
This is just to save the Binance brand.
But he's going to be on the board.
She still owns a majority of Binance stock.
He can be an advisor and he can come back after three years.
So you know, this is probably just a little speed bump in the
road and and Binance is is probably going to maintain its
position in the world, but hey, they're in some heat, they're in
some trouble, they will be monitored for the next five
years so it's going to be very interesting to see how this
plays out. Anyways, I got a lot of shit
coins CZ memes here. Guys you already know as
bitcoiners. We love the dunk.
We love taking a victory lap. So these ones are a little you
know, maybe this is me dancing on graves, whatever.
I I acknowledge this but these are some funny memes.
It's been a long year guys. We've seen so much stuff happen
in the shit coin space and bitcoiners been calling it out
the whole time. Anyways, the classic here from
the Bitcoin therapist. He goes hashtag Bitcoin not
crypto and you can see all the shit corners gambling at the
craps table. We got CZ, we got SPF, we got
Richard Hart Machinsky bit boy. What's this guy one?
Vitalic, Zuzu, CSW, Roger Ver. Just a classic classic video
here or a meme here. You know it's it's also the
hangover meme where they're gambling and if you're in shit
coins, just know you're gambling.
And if you want to make it through the great transition,
you need to be holding some Bitcoin.
Next meme. Again, kind of continuing to
duck. We got 01021 Bitcoin, You go
kana on Twitter and it goes rip to shit corners Salute.
And we got Bitcoin, not crypto. And it's all the shit corners
that are in Bitcoin heaven or shit coin heaven that got
wrecked this last year. You know, from FTX to Binance to
Bit Boy to Mashinsky in Celsius to Luna.
It's been a crazy crazy year. Maybe crazy two years, three
years, really. But you know the the there's
been some fireworks ending this year and I'm sure we are going
to see more. Was CZ the final sacrifice for
the bull run to really start commencing?
I don't know. I asked everyone on Twitter
yesterday and the people were yelling at me like the bull
run's been going on for 300 days.
Bro, wake up. Well yeah, you know the price
has been going up, but when God candles is what I meant.
Anyways, here we got Tony the bull.
BTC goes show me the charts and I'll tell you the news.
The Bitcoin bull run is here. And we have When was this?
Like November of 2020. We have Arthur Hayes from Bitmac
CEO. What's this says leaves role
after US charges and you can see the price went absolutely
nuclear in 2021. And here we are.
Are we repeating the same cycle? Well if you are reading tea
leaves it looks very similar. And now we have the news of
finance. Fender CZ agrees to step down
and pleads guilty so it looks like God candles are on the
table and maybe this was the final sacrifice we needed.
Anyways, last CZ meme before I pivot a little bit to a little
more Bitcoin friendly one. We got Thomas Farr here and he
goes there's a lesson here and we have a tweet here from CZ and
he goes first Bitcoin then dot dot dot dot and we have Jack and
he goes Bitcoin and then Michael Saylor and he goes hashtag
Bitcoin and then Jack Mullers and he goes hashtag Bitcoin.
Wait, what's the 2nd? Best It is Bitcoin.
Only Bitcoin. Not shit Coin.
Bitcoin not crypto. Bitcoin is the thing that is
changing the world and a lot of shit corners have learned their
lesson the hard way and I'm sure more and more will learn the
hard way as well. But if you want to protect
yourself, you want to avoid the headaches.
Just save in Bitcoin, download a Bitcoin wallet and save in
Bitcoin and then get your friends and family to save in
Bitcoin as well. Anyways, last Meme is by Maxi's
Club and he goes 587. Wow.
And we got all you ADIQ bit corners in the chat.
You know, a little Pepe holding his Bitcoin.
And then we got all of the girls here gonna be coming after you.
He goes, Oh my God, he's here. He's so cute.
Is he single? And the ADIQ bit corner just
like, shocked. Just wow.
I guess one of them that's maybe one of one of the.
Girls, what? He told me yo.
OK, so. One of the girls.
Then there's another one, one of the girls that I.
Interviewed, I told her I was like, how can we make bitcoiners
less annoying? And she was like, just give it
away, just give it away to US women.
There has to be they have to give their Bitcoin away to sugar
babies because. Sugar babies are amazing and
women deserve everything. I was like, based like, in
women. Wait, wait, wait, wait.
Miami. Confirmed.
You're talking to people in Miami.
OK, say less. I was like.
OK, OK, so like basically we
just have to buy your love and affection that that's people
have done that throughout all of all of time.
Like, I don't know what to tell you.
Fun, sexy, cool. This is part of I don't make the
rules. Oh my God, Sophie.
Is not recreating. The wheels never share.
Your 24 words I'm saying. She's a SAT digger, but a sugar
baby is definitely going to become a SAT digger.
OK? Anyways, guys, drop your meme
review score in the chat as we cover ours live and we will
review it live. All right, Mine is.
I hung out with my buddy Joe. I'm actually going to go hang
out with him for Thanksgiving. I'm going to do Friendsgiving
with him and he he hooked me up with a bunch of Bitcoin books
and and the Bitcoin magazine, the latest releases.
But I was super hyped when he gave me this.
One shouts out to Mark Goodwin, The Bitcoin dollar and economic
Mono myth. I have yet to fully dive into
this, but this is one that I've that I've been meaning to read.
I read the intro, marks the go, absolutely love him.
He's editor at large at the Bitcoin Magazine and I can't
wait to read his book Anyway. So what's your meme review
Score? My meme review.
Score is this Energy Protection Energy Saver Trick Chip?
This is an anti radiation sticker that I bought on Amazon
and I've stuck it on to like all of my electronics.
So that it like I honestly eliminate radiation or
something, but like when I hold it.
It makes me feel better. I think it's like not real, but
apparently it absorbs radiation from computers, cell phones,
Wi-Fi and. Yeah, I I'm on my phone all day
24/7 so my brain is I'm not sure if it works.
But yeah, someone debunked that in the chat.
All right. Anyways, anyways, guys, while
you're dropping your meme review scores, scan the QR code.
Support us by getting some of the merch.
I do have some merch coming out for you guys.
Yeah, let's we have a model here for once.
You know, you see Sophie's wearing the orange Simply
Bitcoin hoodie. She does have the oversized one.
She's I'm pretty sure she's got like the large XL1.
We do have smaller sizes for you girls and the and the, you know,
the small boys out there. But we do have T-shirts, we have
hoodies. We are working on getting you
guys the hats. We are talking with some Bitcoin
artists. We've been going back and forth
on the latest design. It's coming guys.
Bear with us. We really appreciate it and we
really appreciate the support. It really does help us.
Anyways, we're going to get some dope stuff for you guys so that
you guys don't feel like we're just scamming you out of your
stats. We want to provide value stack
stats first, and then stack shirts and simply Bitcoin merge
second. All right guys, there is some
meme reviews scores in the chat. Let's get to them.
Hold on, let me get to the top of them.
All right, I think I got it. First, meme review scores by
tore up Hoddle and he goes meme score.
Future Bitcoin or baby names. But to be determined, Yes.
OK, next one is by Sail Dog 18. He goes.
I give those memes 5 Hickory smoked Turkey legs.
Oh, that sounds delicious. OK, next one, Mike Stemos.
I give the memes a rocket shit to compete this shit coin casino
meme. Let's go.
Oh wait. Oh, is this a hold on, hold on.
Where'd it go? Where is it?
I love the street. Forget.
All four. OK.
All right. Hold on.
Well, well, we'll restart the music, but I'll get back to it.
All right, Igor Meme score funds are Konfishkafu.
Yes. Matthew J Meme Review Score one.
Simply Bitcoin. Yes, Matthew, I know I'm getting
you. I'm getting it for you.
Just just bear with me. Ron P score One extra serving of
cranberry sauce is the score. Nigel Lowry meme score Seed on a
titanium plate, Not a gold digger.
OK, we love that Planet Earth meme Score.
Bullish on Bitcoin families? More Bitcoin babies.
Let's fucking go. Oh OK.
This one. This one I can kind of read for
once. I can read the score.
Optes Digital IDs, Mr. Mr. Opti Fields.
Can killing her boyfriend Score. She did nothing wrong.
Won't spend any time in jail. The customers are always to
blame. Take personal responsibility.
Not your keys, not your corn. Oh, my God.
So does Satoshi meme review? Shotgun wedding in Vegas.
Gonna be lit. Let's go, docs.
Kiwi boy. I give the memes a bowl of yams.
I hate them. Dang, they were that bad.
OK, Father Sarducci meme score. Buy more shabs.
Yes. This is the way.
No, that's a that's a double up.
OK, let me go to Rumble. See, we got a few here.
So UTXLI give the memes a 100% safe and effective Ray Kitchen
sticker. All right, More ran scores.
Self upfront, more. OK, more so we can do that.
And last but not least, Narwhal tacos.
I give those memes a Rumble Flipping viewer, God candle
rocket ship. Get on board.
OK, we can do that. We can do that.
Get on board. Let's go.
All right, all right, all right, all right.
All right. The music is sending.
Me dude. Like.
All right. All right.
Well, so thanks for filling in today.
I guess we'll give the audience what they want and we'll bring
Sophie on again as soon as as soon as maybe next week.
No, at 2 Wednesdays from now. We'll see.
I'll bring her back on. We'll make sure we have self
back in. We'll make sure that the the Rio
Nico Jones is on the show, AKA Internet Selfie.
All right, So what do you got in the works?
You got some shorts popping off for us or I will be dropping.
Some more shorts. I am also dropping a skit, what
it's like to orange peel your parents throughout the years.
So that's going to be funny and. Hopefully not.
Cringe then. What else?
We have unconfiscatable coming up and you're not gonna want to
miss it. You're gonna definitely want to
come through to Las Vegas and have a sick time with us.
We're we have some stuff in the works.
Let's go. Absolutely.
Gonna be a great, great time in
Vegas. Anyway, Sophie, thanks for
showing up. Thanks for hanging out with us
guys. I think we're doing a show
tomorrow for Thanksgiving. I haven't actually talked with
Nico about this, but I I'm guessing we're doing some shows
for the end of the week. But if not, and for whatever
reason we don't do a show Thursday or Friday, I just want
to say happy Thanksgiving. We are super thankful that you
guys show up. Even all of our trolls that
constantly give a shit in the chat.
We love you guys too. Wouldn't be here without you
guys. As long as we're doing whatever
we can to make simply Bitcoin better, I am all for it.
Happy Thanksgiving. I hope you guys eat well.
Hang out with your loved ones, of course.
Orange pill, your friends and your family and set.
These ideas don't be unbearable though.
Just when they when the when the opening is there, when the gate
is there. You smash them with that Bitcoin
signal. All right guys, we love you guys
Like, share, subscribe, spread the Bitcoin signal.
All Bitcoin signal. It's about fighting this
information war with mimetics. Because we have the truth on our
side and we have the best money and the normies out there just
don't know. Yes, as Planet Earth says,
nothing stops this train. Everyone is going to wake up.
Everyone will adopt Bitcoin soon enough.
And we are the frontline soldiers, so continue to spread
the signal. On that note, Happy
Thanksgiving, guys. I we should see you tomorrow.
I'm not exactly sure, but if not, I love you guys.
We're thankful for you guys showing up.
We're going to continue to give you guys that signal.
Peace out.