1 00:00:02,700 --> 00:00:20,300 Execution. Yep. 2 00:00:20,300 --> 00:00:23,300 Welcome to another episode of Simply Bitcoin live. 3 00:00:23,300 --> 00:00:26,700 Is your number one source for the peaceful Bitcoin Revolution. 4 00:00:26,700 --> 00:00:30,100 We cover the news of the culture, the fails by the 5 00:00:30,100 --> 00:00:31,600 central Bankers, the shit Corners. 6 00:00:31,800 --> 00:00:34,500 We covered all on this channel today we have a very special 7 00:00:34,500 --> 00:00:36,800 episode. We have Bradley. 8 00:00:36,900 --> 00:00:38,900 James. Are you doing Bradley? 9 00:00:38,900 --> 00:00:44,400 I'm well, how are you? Good, good Bradley James, is the 10 00:00:44,400 --> 00:00:48,700 one who's throwing the mining conference in Round Rock, Texas. 11 00:00:48,800 --> 00:00:50,600 So we're going to talk a little About that. 12 00:00:50,700 --> 00:00:54,600 We're also going to talk about very alarming news, a software 13 00:00:54,600 --> 00:00:59,100 and open source privacy software developer was arrested in 14 00:00:59,100 --> 00:01:01,800 Amsterdam. And this is a continuation of 15 00:01:01,800 --> 00:01:05,800 the whole tornado cash Saiga. That we were covering early on 16 00:01:05,800 --> 00:01:08,100 this week. We're going to talk about how I 17 00:01:08,100 --> 00:01:10,200 believe they're really setting a precedent. 18 00:01:10,300 --> 00:01:13,600 This could potentially be used to go after Bitcoin software 19 00:01:13,600 --> 00:01:17,100 developers in the future. We shall see will talk about 20 00:01:17,100 --> 00:01:19,600 this but first How you doing Opti? 21 00:01:20,300 --> 00:01:21,800 What's up Nico? What's up Brad? 22 00:01:21,800 --> 00:01:26,400 I am doing great today. It is Friday so I'm excited. 23 00:01:26,400 --> 00:01:29,300 We are doing good. Doing the good stuff. 24 00:01:29,400 --> 00:01:31,100 Anyways, let's get into this one you go. 25 00:01:31,500 --> 00:01:33,600 Let's get into it. All right guys, it's going to be 26 00:01:33,608 --> 00:01:35,600 a good show. Let's do this. 27 00:01:37,700 --> 00:01:40,400 It's time for know, the town brought to you by. 28 00:01:40,400 --> 00:01:43,400 Not only make some of the best Bitcoin notes like the not a 29 00:01:43,400 --> 00:01:45,600 one, the one I'm holding in my hand, run your own version of 30 00:01:45,608 --> 00:01:47,100 Bitcoin core. The lightning Network, 31 00:01:47,100 --> 00:01:50,700 whirlpool, and Dojo all from the comfort of your own home member. 32 00:01:50,700 --> 00:01:54,700 Guys, if you don't run your own node like Donato, you're using 33 00:01:54,700 --> 00:01:57,400 someone else's. And now, if you are a digital 34 00:01:57,400 --> 00:02:00,400 Nomad, you have no excuse because the novel guys, just 35 00:02:00,400 --> 00:02:04,300 release, not all Cloud. Run a noddle through a virtual 36 00:02:04,300 --> 00:02:07,600 private server. Visit noddle dot EU That's right 37 00:02:07,600 --> 00:02:09,199 guys. If you don't run your own 38 00:02:09,199 --> 00:02:12,600 Bitcoin know like we always say you're trusting, someone else's 39 00:02:12,900 --> 00:02:16,000 utilize Bitcoin Bitcoin is trust minimization. 40 00:02:16,000 --> 00:02:19,000 That's really what it's about. Anyways at the time of recording 41 00:02:19,000 --> 00:02:23,800 the Bitcoin prices at 24,000 $60 SATs per dollar also known as 42 00:02:23,800 --> 00:02:28,500 Moscow time 4156 Bitcoin block height, seven hundred forty, 43 00:02:28,500 --> 00:02:32,200 nine thousand one hundred and Forty-Eight reachable Bitcoin 44 00:02:32,200 --> 00:02:35,600 nodes 13,600 blocks to The Happening. 45 00:02:37,100 --> 00:02:42,700 Hundred and fifty two having estimate, April, 20 at 20 24 46 00:02:43,000 --> 00:02:48,400 total, lightning network capacity, 1391 Bitcoin around 33 47 00:02:48,400 --> 00:02:53,100 million dollars, cash rate. 207x, a hashes annual mining 48 00:02:53,100 --> 00:02:55,300 Revenue. I know I know Bradley's gonna 49 00:02:55,300 --> 00:02:59,200 like this number. 14, point 1 billion dollars, realize 50 00:02:59,200 --> 00:03:01,400 monetary inflation. We're going to keep saying that 51 00:03:01,400 --> 00:03:04,900 just to highlight how ridiculous Fiat currencies are compared to 52 00:03:04,900 --> 00:03:06,900 bitcoin and that is going to get cut in half. 53 00:03:07,000 --> 00:03:10,200 At the happening right now it's at one point seven, nine percent 54 00:03:10,200 --> 00:03:15,500 all coins are going to be issued August 2nd 2137. 55 00:03:15,700 --> 00:03:19,300 So I actually have a really interesting video for us to kind 56 00:03:19,300 --> 00:03:22,800 of Riff on this is Larry Fink and I don't know who's he's 57 00:03:22,800 --> 00:03:27,500 talking about but take a look at what he has to say about Bitcoin 58 00:03:27,500 --> 00:03:31,400 mind you a couple years ago he was saying that Bitcoin was only 59 00:03:31,400 --> 00:03:35,900 useful for money laundering. Look how the king makes everyone 60 00:03:36,000 --> 00:03:39,200 Bow Down. Let's take a look at what Larry 61 00:03:39,200 --> 00:03:42,100 Fink has to say, what he's been saying and then we'll talk about 62 00:03:42,100 --> 00:03:43,400 it. Anyways, let me play the video. 63 00:03:45,100 --> 00:03:49,800 And now related to bitcoin, what am I important investors? 64 00:03:49,800 --> 00:03:54,000 Was on one of the television shows last two days and he spoke 65 00:03:54,000 --> 00:03:58,100 about Bitcoin, and two of, you know, one monetary policy, two 66 00:03:58,100 --> 00:04:02,500 and three covid. The hits on Black Box on our 67 00:04:02,500 --> 00:04:08,900 website was 3,000 on covid. 3000 hits on a monetary policy and 68 00:04:08,900 --> 00:04:13,300 600,000 hits on bitcoin. So what that tells you is, 69 00:04:13,300 --> 00:04:18,300 Bitcoin has Is has caught the attention in the imagination of 70 00:04:18,300 --> 00:04:21,700 many people. Many people are fascinated about 71 00:04:21,700 --> 00:04:24,400 it. Many people are excited about it 72 00:04:25,000 --> 00:04:29,300 but it's still untested it's still a pretty small Market 73 00:04:29,300 --> 00:04:31,900 relative to other markets it really. 74 00:04:32,000 --> 00:04:36,200 It can be, you know we see these big giant movements every day. 75 00:04:36,400 --> 00:04:42,300 It's a sin market and so can an evolved into a global market 76 00:04:42,300 --> 00:04:45,600 possibly certainly by evidence of the imagination. 77 00:04:45,600 --> 00:04:49,100 Imagination of so many who want to learn about it or interested 78 00:04:49,100 --> 00:04:52,100 in about it. To me is a very telling sign 79 00:04:52,600 --> 00:04:55,200 another good example, why understanding Big Data? 80 00:04:55,200 --> 00:04:58,300 Like, how many hits and all that, really is a defining 81 00:04:58,300 --> 00:05:01,200 statement. And so, we look at it as 82 00:05:01,200 --> 00:05:03,500 something. Looks like the video was having 83 00:05:03,500 --> 00:05:08,000 some issues. Anyways, so you have you have 84 00:05:08,000 --> 00:05:12,400 Larry Fink, he, he is a CEO of BlackRock, BlackRock has nine 85 00:05:12,600 --> 00:05:15,900 trillion dollars on their asset sheet. 86 00:05:16,100 --> 00:05:18,600 And there you have it, you're hearing it from himself, right? 87 00:05:18,600 --> 00:05:21,200 There's a lot of interest. Rest in Bitcoin. 88 00:05:21,400 --> 00:05:23,600 Anyways, Bradley before I pass it on to you. 89 00:05:24,100 --> 00:05:29,600 One of our, one of our viewers has a question and it rug sure. 90 00:05:29,600 --> 00:05:31,900 He's curious. Why you're in a field, wearing a 91 00:05:31,908 --> 00:05:36,000 suit, what's going on there to two reasons? 92 00:05:36,000 --> 00:05:39,500 And I'll give you the sad one first. 93 00:05:39,800 --> 00:05:41,400 I actually had a death in the family recently. 94 00:05:41,400 --> 00:05:44,600 So, I'm up here for some family gathering and stuff. 95 00:05:44,600 --> 00:05:48,700 So, I took a step outside. The other reason is that, for 96 00:05:48,700 --> 00:05:51,000 those of you who don't know me, I teach people how to build 97 00:05:51,000 --> 00:05:54,700 facilities and we actually identify Fields very similar to 98 00:05:54,700 --> 00:05:57,000 this, to build facilities, drop containers. 99 00:05:57,200 --> 00:05:59,500 There's a substation, literally, a hundred yards away. 100 00:06:00,700 --> 00:06:03,000 And so I figured it would be the best background for us to use 101 00:06:03,000 --> 00:06:04,500 rather than me being in front of a bar. 102 00:06:04,900 --> 00:06:07,000 You know, being up here in the middle of Wisconsin. 103 00:06:09,000 --> 00:06:11,000 Are you, are you happy now and your rug? 104 00:06:11,000 --> 00:06:12,600 That's why he's wearing the suit. 105 00:06:13,000 --> 00:06:14,700 You happy now for asking that question. 106 00:06:15,100 --> 00:06:17,200 So yeah, Bradley we're going to talk about that. 107 00:06:17,300 --> 00:06:21,200 Definitely you actually you actually Actually have courses 108 00:06:21,200 --> 00:06:24,200 and teaching people how to start up Bitcoin mining. 109 00:06:24,200 --> 00:06:26,800 And I think a lot of people get caught up because they find it 110 00:06:26,800 --> 00:06:28,900 so difficult. And I've explained this to you 111 00:06:28,900 --> 00:06:32,600 guys many times, right? If you have cheap power, it's a 112 00:06:32,600 --> 00:06:36,100 good place to mine Bitcoin but that's the biggest hurdle in my 113 00:06:36,100 --> 00:06:37,800 opinion Bradley. Correct me. 114 00:06:37,800 --> 00:06:42,600 If you think I'm wrong cheap power and access to enough of it 115 00:06:42,700 --> 00:06:46,500 I think is the secondary thing. So when you look at Powers one 116 00:06:46,500 --> 00:06:49,200 thing, the next the next challenge that a lot of people 117 00:06:49,200 --> 00:06:52,000 maybe in rural, All areas think that they don't have as good 118 00:06:52,000 --> 00:06:56,200 internet but there's actually people running it on Ilan 119 00:06:56,200 --> 00:06:59,300 starlink so stuff to think about when you're thinking about 120 00:06:59,300 --> 00:07:01,700 designing and building and planning all these facilities 121 00:07:01,700 --> 00:07:03,300 but yeah I was definitely the first one. 122 00:07:03,900 --> 00:07:05,600 Absolutely. Yeah, that's right. 123 00:07:05,600 --> 00:07:09,400 The starlink really changed the game completely right hmm. 124 00:07:09,700 --> 00:07:12,400 Yeah it did. I and and point-to-point why our 125 00:07:12,600 --> 00:07:15,300 wireless as well? I mean which you can run as long 126 00:07:15,300 --> 00:07:17,400 as you've got a clear path. So there's a lot of ways to make 127 00:07:17,400 --> 00:07:19,100 it work. If you're creative. 128 00:07:19,800 --> 00:07:22,100 Solutely. So let's kind of double back and 129 00:07:22,100 --> 00:07:25,100 talk about the whole Larry Fink situation. 130 00:07:26,400 --> 00:07:29,900 He the turnaround right? This is Jamie diamond island 131 00:07:29,900 --> 00:07:33,000 Jamie dimon completely did a turn around, you have now you 132 00:07:33,000 --> 00:07:34,700 have Larry Fink doing the same thing. 133 00:07:34,700 --> 00:07:40,400 I know Opti is the in-house, the in-house simply Bitcoin 134 00:07:40,800 --> 00:07:44,800 truth-seeker. I'll leave it at that table. 135 00:07:44,800 --> 00:07:47,400 Do you think about this bro? Are you suspicious of Larry 136 00:07:47,400 --> 00:07:49,700 Fink? Well, I stay suspicious. 137 00:07:50,300 --> 00:07:54,600 You already know that I am not going to go down that route 138 00:07:54,600 --> 00:07:57,400 again Miko but, you know, BlackRock fudge Bitcoin for 139 00:07:57,400 --> 00:08:00,600 years and now they're buying. I said it all week, you know, 140 00:08:00,600 --> 00:08:03,400 they had to make sure that their friends can get into Bitcoin at 141 00:08:03,400 --> 00:08:05,800 a price that they want. So what do they do? 142 00:08:05,800 --> 00:08:10,100 They flood the price so and then they packed their bags, but this 143 00:08:10,100 --> 00:08:12,400 is just further proof that Bitcoin incentive State winning. 144 00:08:12,400 --> 00:08:15,000 So we'll just leave it at that. And furthermore, as we've been 145 00:08:15,000 --> 00:08:17,700 saying, you know, this opens up the door for more institutions 146 00:08:17,700 --> 00:08:19,700 and more quote unquote, smart money to get in. 147 00:08:19,800 --> 00:08:23,900 Um, so hey on one hand, I am very paranoid and skeptical. 148 00:08:23,900 --> 00:08:26,000 And on the other hand, it's going to be bullish, you know? 149 00:08:26,000 --> 00:08:29,900 Bitcoin is for anyone and and this is just as I've been saying 150 00:08:29,900 --> 00:08:32,600 like Bitcoin Crossing the Rubicon into mainstream 151 00:08:32,600 --> 00:08:34,900 adoption, so, absolutely bullish. 152 00:08:34,900 --> 00:08:38,700 And and you know, like say what we want about Black Rock and we 153 00:08:38,700 --> 00:08:40,700 had Jeff Ross on yesterday. I love how he said it, you know, 154 00:08:40,700 --> 00:08:44,600 like black rock is the epitome of Fiat and them getting in the 155 00:08:44,600 --> 00:08:47,100 Bitcoin, you know, it's it's nuanced. 156 00:08:47,100 --> 00:08:49,700 Oh, hey bullish, everything's good. 157 00:08:49,900 --> 00:08:53,000 It coin and will Bitcoin incentive stay winning. 158 00:08:53,000 --> 00:08:56,700 So let's go Bitcoin incentives. Stay winning. 159 00:08:56,700 --> 00:08:58,900 That's right. So I'm going to pass it back to 160 00:08:58,900 --> 00:09:01,300 Brad, Brad. You definitely understand 161 00:09:01,300 --> 00:09:03,600 incentives because you're a Bitcoin miner. 162 00:09:03,600 --> 00:09:06,000 I think Bitcoin miners have a unique perspective on 163 00:09:06,000 --> 00:09:09,500 incentives. Is this Bitcoins incentives? 164 00:09:09,500 --> 00:09:12,100 Doing its thing. Once again, another, another 165 00:09:12,100 --> 00:09:16,000 institution and BlackRock for anyone that doesn't know, they, 166 00:09:16,200 --> 00:09:18,900 they're one of the largest index funds in the world, right? 167 00:09:19,000 --> 00:09:23,000 And they I own a chunk of basically every public company, 168 00:09:23,000 --> 00:09:24,200 right? Because they're an index fund. 169 00:09:24,200 --> 00:09:28,000 At the end of the day, it's absolutely massive that they're 170 00:09:28,000 --> 00:09:31,100 getting in and you heard it from the man himself. 171 00:09:31,100 --> 00:09:32,400 You heard it from Larry Fink, right? 172 00:09:32,400 --> 00:09:37,300 Like look we know one was really interested about the pandemic. 173 00:09:37,400 --> 00:09:40,600 No one was really interested about the supply chains but the 174 00:09:40,600 --> 00:09:43,600 interest from Bitcoin was absolutely unbelievable. 175 00:09:43,900 --> 00:09:46,000 Is this the start of the beginning because this is a 176 00:09:46,008 --> 00:09:47,600 start of the beginning. Just to give you guys a 177 00:09:47,600 --> 00:09:49,700 refresher right in the last two years. 178 00:09:49,900 --> 00:09:52,600 Own. We've had, we've had public 179 00:09:52,600 --> 00:09:54,700 companies putting Bitcoin on its balance sheet. 180 00:09:54,700 --> 00:09:58,600 We've had two countries and one kind of, which is Panama, making 181 00:09:58,600 --> 00:10:01,800 Bitcoin legal tender, is this just the beginning Brad, what's 182 00:10:01,800 --> 00:10:04,100 going on here? Well, I think, I think, if you 183 00:10:04,100 --> 00:10:07,600 look at the global perspective, I think there's more people 184 00:10:07,600 --> 00:10:10,300 involved in Bitcoin outside of the US. 185 00:10:10,900 --> 00:10:12,700 Then we, then we actually know, right? 186 00:10:12,700 --> 00:10:15,600 Like, when you, when you hear the stories of, for example, 187 00:10:15,600 --> 00:10:18,600 Germany, Germany was very forward-thinking and they're 188 00:10:18,600 --> 00:10:21,400 allowing for Bitcoin. Trading in ETFs faster than we 189 00:10:21,400 --> 00:10:23,400 are here in the states. And so there's a lot of 190 00:10:23,400 --> 00:10:26,500 different perspectives on it, but when you look globally, 191 00:10:26,500 --> 00:10:30,400 they're using it, as a, as an asset class to hedge against 192 00:10:31,300 --> 00:10:34,400 manipulation of markets, right? And manipulation of markets are 193 00:10:34,400 --> 00:10:37,400 hard to do but we see them happen. 194 00:10:37,900 --> 00:10:40,900 So if you're looking at something that's a decentralized 195 00:10:41,200 --> 00:10:43,500 commodity, right? And that's what I know the 196 00:10:43,500 --> 00:10:46,500 Commodities exchanges, you know, regulatory is trying to make it 197 00:10:47,000 --> 00:10:50,600 if you look at it as a commodity people always As Commodities to 198 00:10:50,600 --> 00:10:54,300 hedge against Fiat, or Fiat risk or any of those things like 199 00:10:54,300 --> 00:10:58,100 inflation because Commodities actually maintain valuable or 200 00:10:58,100 --> 00:11:01,100 maintain value and are usable outside of it, right? 201 00:11:01,100 --> 00:11:04,000 That's why gold is always been maintained as such, right? 202 00:11:04,100 --> 00:11:08,800 So, from a Miner's perspective. Now, I've been through so many 203 00:11:08,800 --> 00:11:12,100 winters like this, and it's taken me three of them to 204 00:11:12,100 --> 00:11:15,100 finally get smart about it. Believe it or not. 205 00:11:15,900 --> 00:11:18,500 And every time I come out, I've come out of the winter, the 206 00:11:18,500 --> 00:11:21,100 previous winter. I've gone crap, I didn't do 207 00:11:21,100 --> 00:11:24,600 enough during that winter or that bear Market to prepare to 208 00:11:24,600 --> 00:11:26,700 capitalize on the opportunities that's there. 209 00:11:27,100 --> 00:11:31,000 And this is such a young industry that the opportunities. 210 00:11:31,000 --> 00:11:33,100 I can't even quantify. I can just tell you the numbers 211 00:11:33,100 --> 00:11:36,300 that I lost out on which is astronomical when I think about 212 00:11:36,300 --> 00:11:38,300 the numbers. So those of you who are 213 00:11:38,300 --> 00:11:41,400 contemplating hey, what do I start needing to do any of that? 214 00:11:41,400 --> 00:11:44,100 Now, it's time to learn. Educate yourself. 215 00:11:44,400 --> 00:11:48,100 Begin to acquire small assets, begin to acquire and learn 216 00:11:48,300 --> 00:11:51,600 information and knowledge. About Bitcoin and how Bitcoin 217 00:11:51,600 --> 00:11:56,300 works and the benefits of Bitcoin because you're going to 218 00:11:56,300 --> 00:11:59,300 be no matter what profession you're in at some point in 10, 219 00:11:59,300 --> 00:12:02,100 to 20 years, it's going to impact you in 10 to 20 years. 220 00:12:02,100 --> 00:12:05,700 Might seem like a far way off, but I still remember being in 221 00:12:05,700 --> 00:12:07,800 college 15 years ago. And it doesn't seem like that 222 00:12:07,800 --> 00:12:10,800 far. So and that was my first foray 223 00:12:10,800 --> 00:12:13,900 into it and I still regret not hanging on to the Bitcoin that I 224 00:12:13,900 --> 00:12:16,100 bought in college at like 30 cents a pop. 225 00:12:16,100 --> 00:12:20,100 So you know those are the things that I think people need to to 226 00:12:20,500 --> 00:12:24,200 contemplate and reflect on time and relativity but also 227 00:12:24,200 --> 00:12:29,200 understanding that owning your own assets like Bitcoin is going 228 00:12:29,200 --> 00:12:31,400 to give you an advantage in the long run. 229 00:12:32,800 --> 00:12:36,200 More so than trying to invest consistently into like index 230 00:12:36,200 --> 00:12:38,300 funds or indices or any of that other stuff. 231 00:12:38,400 --> 00:12:40,900 That's why black rock got in, by the way, black rocks, also 232 00:12:40,900 --> 00:12:45,400 investing a ton of money into mining, so, oh really you tell 233 00:12:45,400 --> 00:12:48,300 me? Yeah, oh yeah, oh yeah, I mean 234 00:12:48,300 --> 00:12:51,100 they are an index fund, right? And there definitely is a couple 235 00:12:51,100 --> 00:12:53,700 companies on the Fortune 500 that are mining companies. 236 00:12:53,700 --> 00:12:56,400 So, yeah, I agree. Maybe that was part of the 237 00:12:56,400 --> 00:12:57,400 reason that they were pressured you? 238 00:12:57,400 --> 00:12:59,300 So Brad. One of the questions that I 239 00:12:59,308 --> 00:13:05,300 always get is Will I get my Bitcoin back if I start mining? 240 00:13:06,900 --> 00:13:12,000 What does that mean? If I invest off the top of my 241 00:13:12,000 --> 00:13:15,700 head I'm just using because it's a nice round number if is invest 242 00:13:15,700 --> 00:13:20,700 one Bitcoin into Bitcoin mining you know I find cheap power you 243 00:13:20,700 --> 00:13:23,300 know the infrastructure is always a bitch but let's say 244 00:13:23,300 --> 00:13:26,000 theoretically the infrastructure is all it was already there. 245 00:13:26,200 --> 00:13:29,800 I buy myself some miners right well I get the same amount of 246 00:13:29,808 --> 00:13:34,600 Bitcoin that I invested in well I get that back you will in a 247 00:13:34,600 --> 00:13:36,500 Time Horizon but it depends on your time Horizon. 248 00:13:36,600 --> 00:13:39,200 Right. So the idea of mining is that 249 00:13:39,200 --> 00:13:42,400 rather than buying it outright on an exchange, you actually 250 00:13:42,400 --> 00:13:46,400 make more per dollar spent by Mining and you do just by buying 251 00:13:46,400 --> 00:13:49,000 it in an exchange. So that's the idea around 252 00:13:49,000 --> 00:13:52,000 minding the other part of it is that now you're supporting the 253 00:13:52,008 --> 00:13:54,700 network, right? So you're also betting on the 254 00:13:54,700 --> 00:13:57,200 fact that the appreciation of the value of Bitcoin is going to 255 00:13:57,200 --> 00:14:00,600 go up, the more on the demand side happens rather than just 256 00:14:00,600 --> 00:14:03,100 the supply side. Keep in mind the supply side 257 00:14:03,100 --> 00:14:06,600 seams large to us because the three of us on here were used to 258 00:14:06,600 --> 00:14:08,500 To it. But when you look at I mean and 259 00:14:08,500 --> 00:14:10,800 you heard it and heard it in that video, it's still very 260 00:14:10,800 --> 00:14:14,200 early on the supply side. The mining infrastructure needed 261 00:14:14,200 --> 00:14:17,700 to support the network. Still has to grow a significant 262 00:14:17,700 --> 00:14:21,100 amount in order to support the whole network for the next. 263 00:14:21,100 --> 00:14:25,700 When's the last Bitcoin being mine 21:40 2130 something. 264 00:14:25,700 --> 00:14:29,300 Yeah. Like there's still 100 years to 265 00:14:29,300 --> 00:14:32,000 get to that point and if you think about the adoption Cycles, 266 00:14:32,000 --> 00:14:34,000 like I always talk about credit card adoption. 267 00:14:34,800 --> 00:14:38,400 If we remember Back in the day where you had to do the carbon 268 00:14:38,600 --> 00:14:42,500 like swipe thing and then mail it in the adoption time to get 269 00:14:42,500 --> 00:14:44,200 it to where. Now we're just swiping and it's 270 00:14:44,200 --> 00:14:46,600 in seconds. That's 30, 40 years to get to 271 00:14:46,608 --> 00:14:49,100 that point. This is moving at a much higher 272 00:14:49,100 --> 00:14:52,200 Pace in a much higher clip. Where now you're looking at, 273 00:14:52,200 --> 00:14:55,300 mining mining is necessary to maintain this network. 274 00:14:55,700 --> 00:14:58,100 I mean that's where all the processing power is coming from. 275 00:14:58,100 --> 00:15:00,700 So in credit cards, they aggregated all the servers 276 00:15:00,700 --> 00:15:02,700 right. American Express owns a bunch of 277 00:15:02,700 --> 00:15:04,700 servers. Visa owns a bunch of servers. 278 00:15:05,000 --> 00:15:06,500 This is the first time it's decentralized. 279 00:15:06,600 --> 00:15:08,500 Sized. And that's why you're also able 280 00:15:08,500 --> 00:15:11,800 to get less and more people are able to get your able to get 281 00:15:11,800 --> 00:15:16,900 more and more people are involved in the mining aspect of 282 00:15:16,900 --> 00:15:19,700 it. So you have to dive into why? 283 00:15:19,700 --> 00:15:21,900 It makes sense, from just the benefit standpoint. 284 00:15:21,900 --> 00:15:25,200 I mean for me to go buy shares in Amex or Visa or any of those. 285 00:15:25,200 --> 00:15:26,900 I'm going to spend and I'm not going to get back. 286 00:15:26,900 --> 00:15:30,300 What I what I want but in mining you will over the course of 287 00:15:30,300 --> 00:15:33,100 time, especially right now. So new machines, if you look at 288 00:15:33,100 --> 00:15:36,100 new machines, new machines, they're betting on. 289 00:15:36,100 --> 00:15:39,800 It's about 12 to 18-month time Horizon for you to make back 290 00:15:39,800 --> 00:15:43,300 what you spent, okay? The challenge is that with the 291 00:15:43,300 --> 00:15:45,100 ups and downs. For example, if you go by 292 00:15:45,100 --> 00:15:48,400 machines now, and you know, it's going to bump right before the 293 00:15:48,400 --> 00:15:52,200 happening in 2024, guess what? The value of Bitcoins going to 294 00:15:52,200 --> 00:15:53,300 go up? You're going to get it back in a 295 00:15:53,308 --> 00:15:56,500 faster rate by investing in some infrastructure and Mining gear 296 00:15:56,500 --> 00:15:59,500 now and when it's going up on that high clip. 297 00:15:59,900 --> 00:16:02,600 So, things to think about when you're making those, those are 298 00:16:02,608 --> 00:16:05,800 business decisions, right? And you have to be make smart 299 00:16:05,800 --> 00:16:08,500 business. Asians not by at the peak, 300 00:16:08,500 --> 00:16:10,200 right? When people were buying units at 301 00:16:10,200 --> 00:16:12,900 12,000 and then it began to dive down and dip and now they're 302 00:16:12,900 --> 00:16:15,400 going, how am I going to get that back and they're betting on 303 00:16:15,400 --> 00:16:17,800 the fact that it's going to go up or they're selling their 304 00:16:17,800 --> 00:16:20,500 equipment at a loss. Which is why you have to use 305 00:16:20,500 --> 00:16:23,800 bear markets or recessions or slowdowns whatever you're 306 00:16:23,800 --> 00:16:28,100 calling this as a time to take those assets that you've 307 00:16:28,100 --> 00:16:31,300 accumulated and reinvest them because the rate of return in 308 00:16:31,300 --> 00:16:33,700 the long run is going to be better than if you're buying it 309 00:16:33,700 --> 00:16:34,700 at the peak. Right. 310 00:16:34,700 --> 00:16:37,300 The psychology of buying and selling is As people buy at the 311 00:16:37,300 --> 00:16:40,800 Peaks and they sell it, The Valleys the smart people buy it, 312 00:16:40,800 --> 00:16:42,800 the valleys and sell it the Peaks. 313 00:16:43,100 --> 00:16:46,900 So those are things that you have to make sure you're 314 00:16:46,900 --> 00:16:49,300 understanding when it comes to mining just like any other 315 00:16:49,300 --> 00:16:50,400 investment. Yeah. 316 00:16:50,600 --> 00:16:52,700 Exactly. And you definitely don't want to 317 00:16:52,900 --> 00:16:56,700 you know be buying Bitcoin miners at the peak of Bitcoin 318 00:16:56,700 --> 00:16:58,900 then you're going to get absolutely wrecked abso. 319 00:16:58,900 --> 00:17:02,500 That's absolutely true. Anyways let's move on. 320 00:17:02,600 --> 00:17:05,900 We're going to talk about Bradley's Bradley's conference 321 00:17:06,000 --> 00:17:07,900 in the News. And then he has to run. 322 00:17:07,900 --> 00:17:10,400 His secretary told me that he could only say for 20 minutes. 323 00:17:10,700 --> 00:17:13,700 And then we're going to talk about the big bombshell today of 324 00:17:13,700 --> 00:17:17,700 the software, the software developing developer being 325 00:17:17,700 --> 00:17:21,000 arrested in Amsterdam, what the implications are of that. 326 00:17:21,000 --> 00:17:22,900 So, anyways, let's get to the news. 327 00:17:24,500 --> 00:17:27,400 D. It's time for the Daily News. 328 00:17:27,400 --> 00:17:30,100 Brought to you by crypto cloaks.com they make some of the 329 00:17:30,100 --> 00:17:34,600 best 3D printed Bitcoin merch. Like the famous 3D printed 330 00:17:34,600 --> 00:17:37,200 Bitcoin grenade. Toy comes in any custom color. 331 00:17:37,200 --> 00:17:39,400 Your heart desires. That's right. 332 00:17:39,400 --> 00:17:42,800 You want to Peter Schiff colors? Yeah it comes in gold and you 333 00:17:42,800 --> 00:17:45,900 can take advantage of the promo code down below to get 5% off. 334 00:17:45,900 --> 00:17:48,500 If you're in Europe, the European store is now open, 335 00:17:48,600 --> 00:17:51,000 check out crypto, cloaks.com today. 336 00:17:51,700 --> 00:17:55,500 All right, so Brad this is Your conference is the mining 337 00:17:55,500 --> 00:17:58,600 conference 2022. I remember, I was talking to you 338 00:17:58,600 --> 00:18:01,800 about this, and it's a little bit different than how other 339 00:18:01,800 --> 00:18:04,400 people are doing mining conferences. 340 00:18:04,600 --> 00:18:06,300 So what's it about who would want to go? 341 00:18:06,300 --> 00:18:08,700 There, is it, is it Noob friendly? 342 00:18:08,700 --> 00:18:11,300 Is it, is it friendly for people that are just getting into the 343 00:18:11,300 --> 00:18:13,400 industry? Maybe they just want to set up a 344 00:18:13,408 --> 00:18:16,000 minor at home. Oh he dropped out. 345 00:18:16,000 --> 00:18:19,800 So looks like we're going to have to cover something else 346 00:18:19,800 --> 00:18:22,700 while he comes back. Let's do that. 347 00:18:23,500 --> 00:18:27,100 Alright, moving on to Here we go. 348 00:18:30,600 --> 00:18:33,000 We live in this, we live in. We live in this. 349 00:18:33,000 --> 00:18:39,200 So good, I prepared. All right, so that's all right. 350 00:18:39,200 --> 00:18:41,900 Brad back. We're going to go back to what 351 00:18:41,900 --> 00:18:44,100 we were covering. We're going to go back to the 352 00:18:44,100 --> 00:18:46,000 conference. I apologize, guys, we're doing 353 00:18:46,000 --> 00:18:47,300 it. Live live is a little bit 354 00:18:47,300 --> 00:18:48,300 different. All right. 355 00:18:48,400 --> 00:18:53,500 So Brad this is the mining 2022. It is hosted in Round Rock 356 00:18:53,500 --> 00:18:55,700 Texas. Talk to me about who this 357 00:18:55,700 --> 00:18:58,300 conference. As for, who would enjoy going 358 00:18:58,300 --> 00:19:04,100 there, excetera Etc? Sure. 359 00:19:04,100 --> 00:19:06,900 So yeah. Just so those of you who don't 360 00:19:06,900 --> 00:19:09,000 know Round Rock is about sigh of Austin. 361 00:19:10,100 --> 00:19:13,800 We're really working to Target a lot of people who are already in 362 00:19:13,800 --> 00:19:16,400 cryptocurrency and Bitcoin mining specifically. 363 00:19:16,800 --> 00:19:21,100 So if you're running a facility or your technician at a facility 364 00:19:21,100 --> 00:19:23,600 or you're somebody who's a provider, those are the people 365 00:19:23,600 --> 00:19:27,000 who are going to be there. The other group of people who 366 00:19:27,000 --> 00:19:28,600 are coming in as if you're new to mining. 367 00:19:28,600 --> 00:19:32,600 All right, one of the big egg I faced when I got into mining 368 00:19:32,800 --> 00:19:35,900 back in 20 15 and then began building at scale facilities in 369 00:19:35,908 --> 00:19:39,400 2017, there's a learning curve, right? 370 00:19:40,000 --> 00:19:44,000 People wonder you know, how can you build subtle of information 371 00:19:44,000 --> 00:19:45,900 out there. So we at this conference are 372 00:19:45,900 --> 00:19:48,300 really focused on the tactile information. 373 00:19:48,300 --> 00:19:51,800 So those who are attending are going to leave with tactical 374 00:19:51,800 --> 00:19:55,500 information that they can go and take the time to implement when 375 00:19:55,500 --> 00:19:57,500 they get home, literally the next day. 376 00:19:57,800 --> 00:20:01,100 So we will have business coaches that have helped start these. 377 00:20:01,100 --> 00:20:03,500 We're going to have existing people there, to help start. 378 00:20:03,600 --> 00:20:06,000 These we're gonna have electricians Transformers 379 00:20:06,000 --> 00:20:08,200 suppliers, all that stuff and Technical staff. 380 00:20:09,200 --> 00:20:12,800 What people don't realize is that once the capacity is there 381 00:20:12,800 --> 00:20:16,200 in this industry, this still has to be maintained and managed. 382 00:20:16,600 --> 00:20:19,400 So if you're an electrician, if you're a network architect, if 383 00:20:19,400 --> 00:20:22,800 you're in it guy, if you if you run a small service shop 384 00:20:22,800 --> 00:20:26,700 repairing computers and you're like Hey how do I make more 385 00:20:26,700 --> 00:20:30,100 money? Learn how to repair but Bitcoin 386 00:20:30,100 --> 00:20:32,800 mining equipment and you're going to learn really quickly 387 00:20:33,100 --> 00:20:35,300 that there's a massive Market out there. 388 00:20:35,600 --> 00:20:38,100 So that's who are working with and targeting for this event. 389 00:20:38,100 --> 00:20:41,700 I mean so much so that we're working on we're going to be 390 00:20:42,100 --> 00:20:44,700 telling people about all of the speakers that are coming in. 391 00:20:44,700 --> 00:20:45,800 I mean, the main players will be there. 392 00:20:45,800 --> 00:20:47,600 B means going to be there for me, it's going to be there. 393 00:20:48,900 --> 00:20:50,600 You know, we've got brains is coming. 394 00:20:50,600 --> 00:20:53,100 All those companies are doing, are going to do demonstrations, 395 00:20:53,100 --> 00:20:56,000 workshops and teach Frameworks so much. 396 00:20:56,000 --> 00:20:58,000 So that's a number of them are actually doing Lon. 397 00:20:58,200 --> 00:21:00,600 Is at the event. So if you're like, hey, you're 398 00:21:00,600 --> 00:21:02,300 always the one who wants to be on The Cutting Edge. 399 00:21:02,800 --> 00:21:05,200 This will be the chance for you to be at that event as well. 400 00:21:06,000 --> 00:21:09,800 And really, the point of this is to make it the annual event 401 00:21:09,800 --> 00:21:12,700 where you're coming to learn. So it's not just an expo with a 402 00:21:12,708 --> 00:21:15,200 stage, where they're doing panels and sales pitches. 403 00:21:15,300 --> 00:21:18,200 No, you're going to leave with actual materials. 404 00:21:18,700 --> 00:21:21,700 Some of our presenters are actually leading their books, so 405 00:21:21,700 --> 00:21:23,100 you're going to come, you're going to sit through the 406 00:21:23,100 --> 00:21:25,000 presentation and then you're going to get Freeport. 407 00:21:25,400 --> 00:21:28,500 I mean, those are the types of things that when you Come to an 408 00:21:28,500 --> 00:21:31,300 event like ours. It's going to seem very 409 00:21:31,300 --> 00:21:33,800 different because it's not just schmoozing and Deals. 410 00:21:34,300 --> 00:21:37,100 You're actually going to make connections and then go sit at 411 00:21:37,100 --> 00:21:40,400 an event, learn from somebody. And then go, hey, how do we 412 00:21:40,400 --> 00:21:43,500 implement this when we get home and then known that question, go 413 00:21:43,500 --> 00:21:46,500 and approach that speaker asked that question and they're going 414 00:21:46,500 --> 00:21:49,300 to share frame work with you so that you can deploy it. 415 00:21:49,300 --> 00:21:55,700 Literally the next day that to me is super powerful because the 416 00:21:55,700 --> 00:22:00,900 information in this industry is still Shrouded in Tech, speak 417 00:22:00,900 --> 00:22:04,200 and fog because people still don't want you to know all their 418 00:22:04,200 --> 00:22:08,700 secrets sauce and we were making it very much. 419 00:22:09,200 --> 00:22:11,200 You have to share some of the secret sauce. 420 00:22:11,200 --> 00:22:14,600 If you're speaking on our stages and you know what, everybody's 421 00:22:14,600 --> 00:22:18,200 happy to do it, they've never been asked so we're asking, and 422 00:22:18,200 --> 00:22:19,300 they're more than happy to do it. 423 00:22:19,700 --> 00:22:23,500 I mean, when you talk to B Main and their team, they're like 424 00:22:23,600 --> 00:22:26,800 really you want us to teach, they don't assume that. 425 00:22:27,000 --> 00:22:29,600 That anybody wants that, That and so we're saying no, look 426 00:22:29,600 --> 00:22:32,100 help us fill the talent Gap. Help us teach people help us 427 00:22:32,100 --> 00:22:37,400 grow and stabilize the entire Bitcoin mining Network by adding 428 00:22:37,400 --> 00:22:41,000 more people who are intelligent knowledgeable and able to 429 00:22:41,000 --> 00:22:43,600 implement the things rather than just sitting back and going 430 00:22:43,600 --> 00:22:45,000 through. That's magic internet money 431 00:22:45,100 --> 00:22:49,600 being made right socially. So that's, that's really, really 432 00:22:49,600 --> 00:22:52,400 awesome. It sounds like to me like this 433 00:22:52,400 --> 00:22:54,400 conference is the conference to go. 434 00:22:54,700 --> 00:22:58,800 If you are you're you're getting into Bitcoin mining. 435 00:22:58,800 --> 00:23:01,600 You're curious how to set it up. This is the place to see. 436 00:23:01,600 --> 00:23:03,600 This is a place to go. Not only, you're going to learn. 437 00:23:03,600 --> 00:23:07,400 You're also going to make the necessary connections, etc, etc. 438 00:23:07,700 --> 00:23:10,300 So yeah, this is sounds really awesome. 439 00:23:10,700 --> 00:23:12,200 Brad. We're going to put a link Down 440 00:23:12,200 --> 00:23:14,800 Below, guys, and you could check our Twitter as well. 441 00:23:14,800 --> 00:23:17,900 We'll go ahead. If you I did put together a 442 00:23:17,900 --> 00:23:20,100 promo code for you guys. So, if you go to the site and 443 00:23:20,100 --> 00:23:23,800 then you purchase and you type in simply Bitcoin, your viewers 444 00:23:23,800 --> 00:23:25,600 will get 20% off of their tickets. 445 00:23:25,900 --> 00:23:28,500 Awesome. Think it's 20 20 %, sounds Write 446 00:23:28,500 --> 00:23:31,200 to me. So that's so the you heard it 447 00:23:31,200 --> 00:23:33,600 there guys. I also I think I remember 448 00:23:33,600 --> 00:23:38,100 hearing Brad that simply Bitcoin might be broadcasting from the 449 00:23:38,100 --> 00:23:40,700 mining conference. We shall see it's a secret. 450 00:23:41,600 --> 00:23:44,000 But yeah, you could take advantage of the promo code. 451 00:23:44,000 --> 00:23:47,500 I'm going to pull up the website one more time so you guys could 452 00:23:47,500 --> 00:23:51,000 check it out, it's called the mining conference. 453 00:23:51,100 --> 00:23:54,400 It does beat around the bush. The names isn't hidden the 454 00:23:54,400 --> 00:24:00,600 mining conference 2022, Round Rock Texas. 5th through the 7th 455 00:24:00,700 --> 00:24:02,500 Bradley. Thank you so much for coming on 456 00:24:02,500 --> 00:24:04,500 simply Bitcoin. Why don't you tell everybody 457 00:24:04,500 --> 00:24:07,000 where they could find you? Appreciate you. 458 00:24:07,200 --> 00:24:10,600 If you want to find me, you can go literally on all the social. 459 00:24:10,600 --> 00:24:14,700 Zits, excuse me socials. It's a BJ James 23 or search for 460 00:24:14,700 --> 00:24:16,400 the mining conference. It'll pop up. 461 00:24:17,200 --> 00:24:19,300 If you're looking for other resources, you can go to mining 462 00:24:19,300 --> 00:24:23,300 with Brad.com. We've got a plethora of tools 463 00:24:23,300 --> 00:24:25,100 there and resources. Whether it's building my boot 464 00:24:25,100 --> 00:24:28,900 camp, it's the micro minor e-club, where Running experts 465 00:24:28,900 --> 00:24:32,400 every single week doing workshops virtually for you or 466 00:24:32,400 --> 00:24:33,800 if you're just looking for supplies. 467 00:24:33,800 --> 00:24:37,100 I mean that's we're trying to build a trusted vetted Community 468 00:24:37,700 --> 00:24:40,600 to help people make better decisions about growing their 469 00:24:40,600 --> 00:24:43,300 micro minor either, their mining business awesome. 470 00:24:43,700 --> 00:24:46,100 Well, I brought on guy, I brought on Brad, guys, because I 471 00:24:46,100 --> 00:24:47,400 thought you'd find it interesting. 472 00:24:47,400 --> 00:24:49,400 I get a lot of questions, like, how do you start mining? 473 00:24:49,700 --> 00:24:53,600 This is your guy go, give him a follow on Twitter, go visit the 474 00:24:53,600 --> 00:24:55,200 mining conference. You can take advantage of the 475 00:24:55,200 --> 00:24:58,000 promo code, simply Bitcoin to get 20% off. 476 00:24:58,100 --> 00:25:00,700 Your tickets. Anyways, Brad, thank you so much 477 00:25:00,700 --> 00:25:02,100 for coming on the show. Take care. 478 00:25:02,200 --> 00:25:06,800 Appreciate you take care, right? Alright guys, so we are going to 479 00:25:06,800 --> 00:25:13,900 move on to what is going on in the peaceful Revolution. 480 00:25:14,200 --> 00:25:16,500 Governments are taking it up a notch, why are they taking up a 481 00:25:16,508 --> 00:25:19,600 notch because they're losing control on the Monopoly of 482 00:25:19,600 --> 00:25:21,300 money? Before I get into this, I'm 483 00:25:21,300 --> 00:25:24,100 actually going to read a passage from the sovereign individual. 484 00:25:24,100 --> 00:25:26,300 That is really appropriate to this. 485 00:25:26,800 --> 00:25:29,400 Let's check it out. This is a quote from the book 486 00:25:29,400 --> 00:25:32,600 says, lacking their accustomed scope to tax and inflate 487 00:25:32,600 --> 00:25:34,700 governments even in traditionally civilized 488 00:25:34,700 --> 00:25:38,800 countries will turn nasty as income becomes uncollectible 489 00:25:38,800 --> 00:25:42,100 older and more arbitrary methods of extraction will resurface 490 00:25:42,600 --> 00:25:46,400 businesses, that offer services that facilitate the realization 491 00:25:46,400 --> 00:25:50,200 of autonomy by individuals will be subject to infiltration, 492 00:25:50,200 --> 00:25:54,700 sabotage and disruption very, very fitting for what's going 493 00:25:54,700 --> 00:25:57,000 on. Anyways, let's check this out. 494 00:25:57,000 --> 00:26:01,200 This was Press release by the police or you know, the law 495 00:26:01,200 --> 00:26:04,100 enforcement equivalent in the Netherlands. 496 00:26:04,100 --> 00:26:07,600 Let's check it out. A rest of suspected developer of 497 00:26:07,600 --> 00:26:11,200 tornado, cash on Wednesday, 10 thog on Wednesdays, that's weird 498 00:26:11,300 --> 00:26:14,900 on Wednesday, the 10th of August, the F IO D, arrested a 499 00:26:14,908 --> 00:26:18,200 29 year old man in Amsterdam. He is suspected of involvement 500 00:26:18,200 --> 00:26:21,200 in concealing, criminal Financial flows and facilitating 501 00:26:21,600 --> 00:26:24,700 money laundering the mixing of cryptocurrencies through the 502 00:26:24,700 --> 00:26:27,600 decentralized etherium mixing service tornado cash. 503 00:26:28,000 --> 00:26:31,700 Multiple arrests are not ruled out these Advanced Technologies 504 00:26:31,700 --> 00:26:34,400 such as centralized organizations that may 505 00:26:34,400 --> 00:26:38,800 facilitate money laundering extra attention from the F IO D. 506 00:26:39,100 --> 00:26:43,000 Also in the cryptocurrency domain that F IO d stands for a 507 00:26:43,000 --> 00:26:46,700 safe, Financial Netherlands, and investigates with affect and 508 00:26:46,700 --> 00:26:49,600 impact today. The subject, the substitute the 509 00:26:49,600 --> 00:26:53,900 sub the suspect is brought before the examining judge 510 00:26:54,100 --> 00:26:56,100 sounds. Sounds like okay, you know, 511 00:26:56,100 --> 00:26:57,900 they're protecting us from crime. 512 00:26:58,100 --> 00:27:01,500 Not too bad but you really have to understand they're actually 513 00:27:01,500 --> 00:27:04,200 Banning what it what it is that they're actually arresting this 514 00:27:04,200 --> 00:27:07,500 individual for and remember to double back to this. 515 00:27:08,000 --> 00:27:11,000 This this article by coin Center, coin Center is the 516 00:27:11,000 --> 00:27:12,700 lobbying arm of the Bitcoin and shit. 517 00:27:12,700 --> 00:27:16,400 Coin industry in Washington DC and they have a really, they did 518 00:27:16,400 --> 00:27:19,900 a really good job in summarizing, what the danger was 519 00:27:19,900 --> 00:27:25,100 of the US government, Banning a sorry, sanctioning, a technology 520 00:27:25,100 --> 00:27:27,200 versus an individual and then I'm going to get back to the 521 00:27:27,200 --> 00:27:29,100 arrest. Actually touched upon this 522 00:27:29,100 --> 00:27:31,800 earlier on the week. But again, this is, this was a 523 00:27:31,808 --> 00:27:34,300 developing story. It was it was it was, it was a 524 00:27:34,300 --> 00:27:36,200 sanctioned website, sanctioned technology. 525 00:27:36,200 --> 00:27:39,700 Now they're actually arresting open-source developers, it's 526 00:27:39,700 --> 00:27:42,700 gotten to that part. Anyways, how adding tornado dot 527 00:27:42,700 --> 00:27:46,500 cash to the sdn list. Different from past, ofac 528 00:27:46,500 --> 00:27:49,700 actions, a smart contract is a robot, not a person. 529 00:27:49,700 --> 00:27:52,100 It is software that resides on the ethereum blockchain. 530 00:27:52,100 --> 00:27:55,400 If a contract is credibly decentralized than the original. 531 00:27:55,400 --> 00:27:57,900 Authors of the contrast could be hit by a bus the sir. 532 00:27:58,100 --> 00:28:01,900 Would continue to work as such today's action, does not seem so 533 00:28:01,900 --> 00:28:05,300 much a sanction against a person entity with agency. 534 00:28:05,600 --> 00:28:09,000 It appears instead to be the sanctioning of a tool, that is 535 00:28:09,000 --> 00:28:12,100 neutral, didn't care neutral and character, and that could be put 536 00:28:12,100 --> 00:28:16,000 to good or bad that uses like any other technology. 537 00:28:16,200 --> 00:28:19,900 It is not any specific bank sanction but instead, it is all 538 00:28:19,900 --> 00:28:23,200 Americans who may wish to use this automated tool in order to 539 00:28:23,200 --> 00:28:26,300 protect their own privacy. While transacting online, who 540 00:28:26,300 --> 00:28:29,200 are having their ability, Kurt their Liberty curtailed without 541 00:28:29,200 --> 00:28:33,200 the benefit of due process. Sanctioning a tool is not an 542 00:28:33,200 --> 00:28:36,100 alias of any person. Meriting sanction is 543 00:28:36,100 --> 00:28:39,800 substantially different from typical usage of the sdn list. 544 00:28:39,800 --> 00:28:45,000 It is a ban on technology and not a sanction against a person. 545 00:28:46,400 --> 00:28:50,800 So they arrested this for developing an open-source 546 00:28:50,900 --> 00:28:54,700 technology and at the end of the day, what is code code is taxed. 547 00:28:55,200 --> 00:28:58,300 They arrested him for writing text. 548 00:28:59,600 --> 00:29:02,800 And that is how scared they are of what is happening. 549 00:29:03,500 --> 00:29:05,600 That is where we are in the movie. 550 00:29:06,000 --> 00:29:11,000 Anyways, Fact suspects that through the through Kurt 551 00:29:11,000 --> 00:29:14,700 tornado, cash through. Tornado cash has been used to 552 00:29:14,700 --> 00:29:17,000 conceal large-scale criminal money flows. 553 00:29:17,000 --> 00:29:20,000 Including from effects of the currencies. 554 00:29:20,200 --> 00:29:22,700 These include funds stolen through hacks by a group 555 00:29:22,700 --> 00:29:24,500 believed to be Associated. North Korea. 556 00:29:24,500 --> 00:29:27,900 That's the excuse tornado. Cash started in 2019. 557 00:29:27,900 --> 00:29:31,400 And according to fact, it has it has, since achieved a turnover 558 00:29:31,400 --> 00:29:35,100 of at least seven billion dollars investigation showed 559 00:29:35,900 --> 00:29:38,300 that at least 1 billion dollars worth of crypto origin. 560 00:29:38,500 --> 00:29:43,200 Pastor the mixer so the other six billion, the majority had 561 00:29:43,200 --> 00:29:46,700 nothing to do with crime. But again they used in North 562 00:29:46,700 --> 00:29:51,200 Koreans as an excuse to ban the rest of the technology that 563 00:29:51,200 --> 00:29:53,900 wasn't used for Crime. This is the equivalent of 564 00:29:53,900 --> 00:29:56,900 banning guns and saying guns are going to be used for Crime. 565 00:29:57,500 --> 00:30:01,800 Well, guns are just a tool. It's people that do the crime 566 00:30:02,300 --> 00:30:04,400 and all these things that they're listing about money 567 00:30:04,400 --> 00:30:07,100 laundering was already a crime, anyways. 568 00:30:08,000 --> 00:30:12,900 Anyways, since Monday 8th, August 22, August 20, 22 569 00:30:12,900 --> 00:30:14,900 tornado. Cash has been placed by the US 570 00:30:14,900 --> 00:30:18,800 government on the ofac sanctions list of America. 571 00:30:19,700 --> 00:30:21,500 And here's Gigi has this awesome post. 572 00:30:21,500 --> 00:30:24,400 It says, friendly reminder. That this is a valid Bitcoin 573 00:30:24,400 --> 00:30:27,000 transaction. According to some governments, 574 00:30:27,200 --> 00:30:30,300 this should get you arrested. That's it in China. 575 00:30:30,600 --> 00:30:34,800 This will get you arrested 12 words in your head. 576 00:30:34,800 --> 00:30:38,800 Does not make you a criminal and that's why we An episode. 577 00:30:38,800 --> 00:30:42,200 And an article earlier on this week, I said that the Fright 578 00:30:42,200 --> 00:30:45,900 first free speech is the fight for Bitcoin. 579 00:30:46,400 --> 00:30:52,000 If free speech is not allowed Bitcoin money transactions, that 580 00:30:52,000 --> 00:30:54,900 is a form of speech. And what they're trying to do 581 00:30:54,900 --> 00:30:57,000 here is that they're trying to set a precedent. 582 00:30:57,000 --> 00:30:59,900 They're trying to say that specific open source 583 00:30:59,900 --> 00:31:03,200 Technologies can be used for criminal activity. 584 00:31:03,400 --> 00:31:07,700 Therefore that justifies us the state to ban those. 585 00:31:07,800 --> 00:31:13,600 Those Technologies out, right? What type of technology is 586 00:31:13,600 --> 00:31:15,000 Bitcoin? What type of software is 587 00:31:15,000 --> 00:31:17,000 Bitcoin? Bitcoin is an open source 588 00:31:17,000 --> 00:31:22,900 technology, how long until the ofac sang says, if you don't run 589 00:31:22,900 --> 00:31:26,500 a specific Bitcoin software that's compliant with the u.s. 590 00:31:26,500 --> 00:31:30,500 sanction list. You are get your, you're 591 00:31:30,500 --> 00:31:34,100 breaking, the sanction policy, you are committing a crime 592 00:31:34,700 --> 00:31:39,800 because you want to use an open monetary Network the most 593 00:31:39,800 --> 00:31:43,300 inclusive. The world has ever seen one that 594 00:31:43,300 --> 00:31:45,700 can't be debase or the commodity in a Bitcoin. 595 00:31:45,700 --> 00:31:48,500 Can't be debased, can't be easily confiscated. 596 00:31:48,500 --> 00:31:51,200 We the US government are determining who you have the 597 00:31:51,200 --> 00:31:55,000 right to transact with and Hugh. You don't have the right to 598 00:31:55,008 --> 00:32:00,300 transact with This is a really dangerous precedent and this is 599 00:32:00,300 --> 00:32:03,700 the opening Salvo in the fight for Bitcoin. 600 00:32:03,700 --> 00:32:07,400 This is just the beginning, they that's always what they do. 601 00:32:07,400 --> 00:32:10,200 They start with the little finger nail and then it's a 602 00:32:10,200 --> 00:32:13,300 finger and before you know it it's a hand and before you know 603 00:32:13,300 --> 00:32:16,300 it it's an arm. This is how it starts. 604 00:32:16,300 --> 00:32:20,500 It must be called to attention. You must form a Ruckus about 605 00:32:20,500 --> 00:32:22,900 this on Twitter. It must be called out for what 606 00:32:22,900 --> 00:32:25,600 it is. Absolute bullshit. 607 00:32:25,600 --> 00:32:29,100 This is the Low creep of totalitarian control. 608 00:32:29,300 --> 00:32:31,500 That's what this is without a doubt. 609 00:32:31,500 --> 00:32:36,600 In my mind and the North Koreans is what they use. 610 00:32:36,600 --> 00:32:41,700 That is the excuse, that is the justification for Banning a 611 00:32:41,700 --> 00:32:45,300 piece of software. And if they ban a piece of 612 00:32:45,300 --> 00:32:49,000 software, a technology that is neutral, they even admitted it 613 00:32:49,000 --> 00:32:52,300 themselves. The majority of the transactions 614 00:32:52,300 --> 00:32:54,700 that was that the majority of transactions that went through 615 00:32:54,700 --> 00:32:58,000 tornado cash were. Legit. 616 00:32:58,000 --> 00:33:00,500 They were they were fine. They were legal but it doesn't 617 00:33:00,500 --> 00:33:03,100 matter. A small portion of them, worry 618 00:33:03,100 --> 00:33:05,300 legal. Therefore, we just might we have 619 00:33:05,300 --> 00:33:08,800 to ban all this. It has nothing to do with 620 00:33:08,800 --> 00:33:11,500 safety. Has nothing to do with financial 621 00:33:11,500 --> 00:33:14,400 secure stability. Like the government always says, 622 00:33:14,600 --> 00:33:19,200 this has to do with exactly what the sovereign individual passage 623 00:33:19,200 --> 00:33:22,400 said. Businesses that offer services 624 00:33:22,400 --> 00:33:25,600 that facilitate the realization of autonomy by individuals will 625 00:33:25,600 --> 00:33:29,800 be subject to infiltration sabotage and disruption. 626 00:33:30,000 --> 00:33:34,400 That's what this is about. They're losing power and they're 627 00:33:34,400 --> 00:33:37,000 attempting to keep it Opti. What's up brother? 628 00:33:38,200 --> 00:33:41,300 Well, I'm just going to Echo what any rug said in the chat. 629 00:33:41,300 --> 00:33:46,000 Man, this shit is just so wrong and like the precedent that this 630 00:33:46,000 --> 00:33:50,400 is setting for all open source developers is just, it's insane. 631 00:33:50,600 --> 00:33:55,100 That the authoritarians are reaching this far, but I think 632 00:33:55,100 --> 00:33:58,500 this is just further proof of what we've been saying on our 633 00:33:58,500 --> 00:34:01,500 show for forever. That the powers that be have 634 00:34:01,500 --> 00:34:05,800 lost control on their finding any way possible to try to claw 635 00:34:05,800 --> 00:34:09,699 back that control. But this is very obvious at 636 00:34:09,699 --> 00:34:13,100 least to me a violation of our first and fourth amendment. 637 00:34:13,100 --> 00:34:15,199 I know this isn't the Netherlands and they don't have 638 00:34:15,199 --> 00:34:19,400 the same Constitution that we do, but the precedent that is 639 00:34:19,699 --> 00:34:22,800 being set here. Here is is absolutely insane. 640 00:34:22,800 --> 00:34:25,300 Bitcoin is speech. Bitcoin is just a database 641 00:34:25,300 --> 00:34:27,300 Bitcoin is just software. Its code. 642 00:34:27,300 --> 00:34:34,000 Like this is should be protected under the First Amendment but as 643 00:34:34,000 --> 00:34:37,699 we know the powers that be will do whatever they can to try to 644 00:34:37,699 --> 00:34:40,600 stop the exit door. They will try to regulate 645 00:34:40,600 --> 00:34:45,800 Bitcoin and any way possible. But I think this is just further 646 00:34:45,800 --> 00:34:47,100 proof of what we've been saying that. 647 00:34:47,100 --> 00:34:49,800 We are definitely in the then they fight you staged. 648 00:34:49,800 --> 00:34:54,400 This is just there. Roundabout way of trying to not. 649 00:34:54,400 --> 00:34:59,000 Not call attention to a full all-out war on us, but it's very 650 00:34:59,000 --> 00:35:03,000 obvious to me just being this close to to the media Legacy 651 00:35:03,000 --> 00:35:06,500 Media and covering the news that they definitely want to FUD 652 00:35:06,500 --> 00:35:08,500 Bitcoin. They definitely want to stop the 653 00:35:08,500 --> 00:35:12,300 masses from escaping their system and going into Bitcoin. 654 00:35:12,300 --> 00:35:18,000 So they first fought it and now they are going to try to stop 655 00:35:18,000 --> 00:35:21,400 anyone from using it and furthermore stop the Deb's from 656 00:35:21,400 --> 00:35:23,800 from, you know, writing open source code. 657 00:35:23,800 --> 00:35:28,600 But this is what cypherpunks do cypherpunks write code and I 658 00:35:28,600 --> 00:35:30,300 know it's not going to stop anything. 659 00:35:30,400 --> 00:35:33,400 People would just build better tools but the precedent that's 660 00:35:33,400 --> 00:35:35,800 being set here by by the authoritarian. 661 00:35:35,800 --> 00:35:40,200 Does is absolutely insane and it's really atrocious that they 662 00:35:40,200 --> 00:35:44,800 could try to overstep this much. And, you know, like say what you 663 00:35:44,800 --> 00:35:46,800 will about it being on Ethan, what have you? 664 00:35:46,800 --> 00:35:52,400 But You know, if this spreads out into Bitcoin developers like 665 00:35:52,500 --> 00:35:56,200 man, we are in for a fight and and this is just the beginning. 666 00:35:56,200 --> 00:35:58,600 So we better buckle up out there. 667 00:35:58,600 --> 00:36:01,600 I hope you guys, you know, I putting in your reps and getting 668 00:36:01,600 --> 00:36:04,800 strong mentally and physically because shit is about to hit the 669 00:36:04,800 --> 00:36:07,300 fan, and I don't want to be hyperbolic, but it's very 670 00:36:07,300 --> 00:36:10,700 obvious to me that, you know, we are in the, then they fight you 671 00:36:10,700 --> 00:36:13,000 stage. So, you know, absolutely. 672 00:36:13,000 --> 00:36:17,600 We just got to be prepared 100%, this is the separation of money 673 00:36:17,600 --> 00:36:19,400 and Eight. Did you think this was going to 674 00:36:19,400 --> 00:36:21,600 be easy? Look, how Bloody the separation 675 00:36:21,600 --> 00:36:25,100 of church and state was this is absolutely no different. 676 00:36:25,600 --> 00:36:28,900 Any rug has a common said screwy, but all that kid was 677 00:36:28,900 --> 00:36:31,700 trying to do is innovate within the open source ecosystem. 678 00:36:31,800 --> 00:36:35,200 Yeah, don't don't and I get it because a lot of you guys are 679 00:36:35,200 --> 00:36:38,000 Maxi so are we? But it has nothing to do with, 680 00:36:38,000 --> 00:36:40,700 'if right? Heath is a shit coin, we 681 00:36:40,700 --> 00:36:43,900 dedicate a lot of episodes to, you know, establishing that 682 00:36:43,900 --> 00:36:45,400 fact. But it has nothing to do with 683 00:36:45,400 --> 00:36:47,300 that. It has to do with this is some 684 00:36:47,300 --> 00:36:48,000 kid. Fine. 685 00:36:48,000 --> 00:36:51,000 He's writing open source for a shit coin, fine, but it still 686 00:36:51,000 --> 00:36:54,600 doesn't change the fact that they arrested him for writing 687 00:36:54,600 --> 00:36:57,100 code. They arrested him for writing 688 00:36:57,100 --> 00:36:59,400 speech. That's literally what they 689 00:36:59,400 --> 00:37:03,300 arrested him for and that is really scary stuff. 690 00:37:03,300 --> 00:37:07,900 That's where we are. And I suspect it will continue 691 00:37:07,900 --> 00:37:11,600 to escalate and what you could do, as an individual, as a 692 00:37:11,600 --> 00:37:14,800 sovereign individual is, you could take Bitcoin into self 693 00:37:14,800 --> 00:37:18,300 custody run your own node. Mice. 694 00:37:18,300 --> 00:37:22,000 Trust when it comes to your finances and that way you know 695 00:37:22,000 --> 00:37:24,900 you're going to protect your cell phone from whatever comes 696 00:37:24,900 --> 00:37:26,600 and at the end of the day, I think we could just all go to El 697 00:37:26,600 --> 00:37:30,200 Salvador, anyways. Anyways, Opti use your own. 698 00:37:30,200 --> 00:37:35,500 Oh that's right. It's time for the daily fail 699 00:37:35,600 --> 00:37:38,700 brought to you by Swan Bitcoin.com, Swan is the best 700 00:37:38,700 --> 00:37:41,800 place to build your Bitcoin stack with automated Bitcoin 701 00:37:41,800 --> 00:37:44,900 savings plans and instant purchases serving clients of any 702 00:37:44,900 --> 00:37:49,000 size from ten dollars to ten million dollars a day, 703 00:37:49,000 --> 00:37:53,000 incentivizes dollar cost averaging spread out that wrist 704 00:37:53,000 --> 00:37:56,700 layer into Bitcoin. 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All right, all right. 716 00:38:38,300 --> 00:38:39,800 Oh, God isn't this old? Yes. 717 00:38:39,800 --> 00:38:44,000 But I wanted to, I wanted to lay some context here for the fail 718 00:38:44,000 --> 00:38:46,000 today. So this is old news guys. 719 00:38:46,000 --> 00:38:49,700 Just just to lay some context here, this Washington Times. 720 00:38:49,700 --> 00:38:52,400 Of course, you remember the disinformation government board, 721 00:38:52,400 --> 00:38:55,800 or as we like, to call it on Twitter, Biden's Ministry of 722 00:38:55,800 --> 00:39:00,000 Truth and then just to keep going guys, remember that? 723 00:39:00,000 --> 00:39:04,700 They disbanded the disinformation, or the ministry 724 00:39:04,700 --> 00:39:06,700 of Truth? It's so I really like this 725 00:39:06,700 --> 00:39:09,800 article title here by Forbes this information governance 726 00:39:09,800 --> 00:39:12,300 board is dead. Here's the right way to fight 727 00:39:12,300 --> 00:39:16,600 disinformation and if you look at the day this is May 18, 20 22 728 00:39:16,800 --> 00:39:19,300 and the first one was May 2nd 2022. 729 00:39:19,500 --> 00:39:25,300 Well yesterday, yes, yesterday we got this post by Disclose TV 730 00:39:25,300 --> 00:39:28,300 and it goes new Clause. Schwab's World economic Forum 731 00:39:28,300 --> 00:39:31,300 proposes, to automate censorship of hate speech and 732 00:39:31,300 --> 00:39:34,500 disinformation with a, I fed by subject matter. 733 00:39:35,000 --> 00:39:37,500 Spurt. So, let's get into this article 734 00:39:37,500 --> 00:39:42,900 and let's just see how they are going to try to reinstate 735 00:39:42,900 --> 00:39:44,800 quote-unquote the ministry of Truth. 736 00:39:44,800 --> 00:39:48,000 They aren't going to do it officially because that isn't 737 00:39:48,000 --> 00:39:50,700 going to work in. Like Nico told you guys on the 738 00:39:50,700 --> 00:39:54,500 show, when we covered this, they aren't going to stop doing this. 739 00:39:54,500 --> 00:39:59,300 They are just going to try to find a new way to control the 740 00:39:59,300 --> 00:40:01,000 narrative. Hence, this is what we've been 741 00:40:01,000 --> 00:40:04,200 telling you guys for weeks and months and probably years now 742 00:40:04,200 --> 00:40:06,900 that they are Out here in full force trying to control the 743 00:40:06,900 --> 00:40:08,800 narrative as we just covered in the news. 744 00:40:08,800 --> 00:40:11,400 So let's get into this. I and I might do some more 745 00:40:11,400 --> 00:40:13,400 reading than usual. I do have another fail but if we 746 00:40:13,400 --> 00:40:15,800 go too long it is what it is. I really want to cover this 747 00:40:15,800 --> 00:40:21,000 article and explain the insane thinking they have over here. 748 00:40:21,000 --> 00:40:24,700 So you can see the article title goes, the solution to online 749 00:40:24,700 --> 00:40:30,200 abuse, AI + human intelligence. And I really like this PSA, that 750 00:40:30,200 --> 00:40:33,700 they have here in the beginning. Because remember, when I covered 751 00:40:33,700 --> 00:40:38,200 the UNESCO #Think before spreading fail about how you 752 00:40:38,200 --> 00:40:41,600 should fight disinformation, I'll leave it like that. 753 00:40:41,600 --> 00:40:44,900 Anyways, this PSA readers, Please be aware that this 754 00:40:44,900 --> 00:40:47,300 article has been shared on websites that routinely 755 00:40:47,300 --> 00:40:50,300 misrepresent, content and spread information. 756 00:40:50,700 --> 00:40:53,500 We ask you to take note the following the content of this 757 00:40:53,500 --> 00:40:55,400 article is the opinion of the author. 758 00:40:55,800 --> 00:41:00,700 This girl in ball, goldberger VP of trust and safety and not the 759 00:41:00,700 --> 00:41:04,200 world economic forum. She is actually World economic 760 00:41:04,200 --> 00:41:05,400 forum. Number. 761 00:41:05,400 --> 00:41:08,600 So take that as you will second, please read this piece for 762 00:41:08,600 --> 00:41:10,500 yourself, which we are going to do. 763 00:41:10,600 --> 00:41:12,700 The form is committed to publishing a wide array of 764 00:41:12,700 --> 00:41:16,700 voices and misrepresenting content only diminishes open 765 00:41:16,700 --> 00:41:19,900 conversations. So I think they're talking about 766 00:41:19,900 --> 00:41:25,100 us personal only, but let's literally read their words and 767 00:41:25,100 --> 00:41:28,300 then we will discuss this. So, with 63 percent of the 768 00:41:28,308 --> 00:41:30,900 world's population. Align the internet is a mirror 769 00:41:30,900 --> 00:41:33,300 of society. It speaks all languages contains 770 00:41:33,300 --> 00:41:36,900 every opinion and host a A wide range of quote on quote 771 00:41:36,900 --> 00:41:40,500 sometimes unsavory individuals. Think she's talking about you 772 00:41:40,500 --> 00:41:44,400 Bitcoin Max he's out there anyways as the internet so has 773 00:41:44,400 --> 00:41:47,600 the Dark World of online harms trust and safety teams. 774 00:41:47,600 --> 00:41:51,400 The teams typically found within online platforms responsible, 775 00:41:51,400 --> 00:41:54,900 for removing abusive, content are challenged by an Ever 776 00:41:54,900 --> 00:41:58,300 growing list of abuses. You can read them. 777 00:41:58,300 --> 00:42:02,300 I don't know if I can read them on YouTube but anyways, the 778 00:42:02,300 --> 00:42:05,300 solution, however, is not as simple as hiring another Room 779 00:42:05,300 --> 00:42:09,000 full of content, moderators or building, yet another block 780 00:42:09,000 --> 00:42:12,000 list, without a profound familiarity with different types 781 00:42:12,000 --> 00:42:14,400 of abuses. And understanding of hate group, 782 00:42:14,400 --> 00:42:16,900 verbiage fluency and terrorists language and Nuance 783 00:42:16,900 --> 00:42:19,100 comprehension of disinformation campaigns. 784 00:42:19,100 --> 00:42:22,200 Trust and safety teams can only scratch the surface. 785 00:42:22,700 --> 00:42:25,100 A more sophisticated is required. 786 00:42:25,400 --> 00:42:28,900 And as you can see, they are looking to find near perfect 787 00:42:28,900 --> 00:42:33,700 Precision in this AI disinformation Thing by uniquely 788 00:42:33,700 --> 00:42:34,900 combining, the power of innovation. 789 00:42:35,000 --> 00:42:37,900 Dated technology all platform intelligence collection and the 790 00:42:37,900 --> 00:42:41,600 prowess of subject matter expert to understand how the threat 791 00:42:41,600 --> 00:42:44,300 actors operate. Scale detection of online, abuse 792 00:42:44,300 --> 00:42:48,300 can reach near perfect position. So, while the internet played a 793 00:42:48,300 --> 00:42:51,900 vital role in how these events and or perceived other changes 794 00:42:51,900 --> 00:42:54,600 like the radicalization of extreme opinions, the spread of 795 00:42:54,600 --> 00:42:57,400 misinformation and the wide reach of. 796 00:42:58,700 --> 00:43:00,700 I'm not going to read that have been enabled by it. 797 00:43:00,900 --> 00:43:04,900 This has resulting of New Slang, new methodologies are employed. 798 00:43:05,200 --> 00:43:07,800 Does using link shorteners to hide a reference to a distant 799 00:43:07,800 --> 00:43:11,600 from in website and online abuse tactics, such as all platform, 800 00:43:11,600 --> 00:43:14,600 coordination of attack on minorities and they have a nice 801 00:43:14,600 --> 00:43:17,600 little chart here about, you know, pretty much you guys out 802 00:43:17,600 --> 00:43:19,600 there wearing this. Most of us are probably in this 803 00:43:19,600 --> 00:43:23,400 age group of 18 to 29 years years old and how much you guys 804 00:43:23,400 --> 00:43:27,100 have experienced, harassment online, man, you know, all these 805 00:43:27,100 --> 00:43:29,600 bad names. And it's, what's that? 806 00:43:29,600 --> 00:43:30,700 What they used to tell us, you know? 807 00:43:32,100 --> 00:43:34,600 Sticks and stones may break my bones but words will never hurt 808 00:43:34,600 --> 00:43:36,300 me. I think we forgot a few things. 809 00:43:36,500 --> 00:43:39,100 Anyways, as you can see, traditional methods Aren't 810 00:43:39,100 --> 00:43:41,400 Enough. The basis of most harmful 811 00:43:41,400 --> 00:43:44,200 content detection. Methods is AI this powerful 812 00:43:44,200 --> 00:43:47,000 technology relies on massive training sets to quickly 813 00:43:47,000 --> 00:43:51,800 identify bulleted behaviors at scale while providing speed and 814 00:43:51,800 --> 00:43:55,300 scale. I also lacks context this lack 815 00:43:55,300 --> 00:43:58,600 of contact lead to over, moderating limiting free speech 816 00:43:58,600 --> 00:44:02,600 on online platform or under moderating, which is Rs2 user 817 00:44:02,600 --> 00:44:06,600 safety and contrast to AI human moderators and subject matter. 818 00:44:06,600 --> 00:44:10,700 Experts can detect Nuance, online abuse and understand many 819 00:44:10,700 --> 00:44:13,100 languages and cultures. This Precision, however is 820 00:44:13,100 --> 00:44:17,100 limited by the analyst specific area of expertise, this limited 821 00:44:17,100 --> 00:44:19,700 Focus means that for human, moderators to be effective. 822 00:44:19,700 --> 00:44:22,700 They must be part of a large robust team. 823 00:44:23,100 --> 00:44:25,700 The thousands of moderators tasked with keeping abhorrent 824 00:44:25,700 --> 00:44:28,100 content offline, must witness it themselves. 825 00:44:28,100 --> 00:44:31,700 Placing them at higher risk of mental illness and traumatic. 826 00:44:31,800 --> 00:44:34,400 Disorders. All man, bad words too. 827 00:44:34,400 --> 00:44:37,800 Many bad words on the internet, we must protect you for your 828 00:44:37,800 --> 00:44:40,300 safety. Anyways, the trust and safety 829 00:44:40,300 --> 00:44:44,000 intelligence solution to detect online abuse to achieve 830 00:44:44,000 --> 00:44:47,500 proactivity, trust and safety. Teams must understand that 831 00:44:47,500 --> 00:44:50,600 abusive content doesn't start and stop on their platform 832 00:44:50,800 --> 00:44:53,800 before reaching mainstream platform threat actors Congress. 833 00:44:53,800 --> 00:44:57,100 In the darkest corners of the web to Define new keywords. 834 00:44:57,100 --> 00:45:00,200 Share URLs to resources and discuss new dissemination 835 00:45:00,200 --> 00:45:02,800 tactics length. He secret places where 836 00:45:02,800 --> 00:45:07,200 terrorists hate groups, CPS and information agent freely, 837 00:45:07,200 --> 00:45:11,200 communicate can provide a trove of information. 14 seeking to 838 00:45:11,200 --> 00:45:15,100 help keep their users safe. Sounds like they're infiltrating 839 00:45:15,100 --> 00:45:18,000 these groups guys. Wink wink or maybe they are part 840 00:45:18,000 --> 00:45:20,500 of these groups, wink, wink. Anyways, Banking and 841 00:45:20,500 --> 00:45:23,200 intelligence, we've established that the standard process of AI, 842 00:45:23,200 --> 00:45:26,600 algorithms for scale, and human moderators for position, doesn't 843 00:45:26,600 --> 00:45:29,700 accurate adequately balance scale, novelty and nuanced. 844 00:45:30,000 --> 00:45:33,300 We've also established that off. Platform intelligence collecting 845 00:45:33,300 --> 00:45:36,600 can provide context and Nuance but not scale and speed to 846 00:45:36,600 --> 00:45:38,500 overcome the barriers of traditional detection 847 00:45:38,500 --> 00:45:41,800 methodologies. We proposed a new framework 848 00:45:41,800 --> 00:45:44,800 rather than relying on a I do detect that scale and humans to 849 00:45:44,800 --> 00:45:48,000 review edge cases, and intelligence based approach is 850 00:45:48,000 --> 00:45:51,600 crucial by bringing humans. Multi-language all platform 851 00:45:51,600 --> 00:45:54,900 intelligent to learning sets a, I will then be able to detect 852 00:45:54,900 --> 00:45:59,100 Nuance novel online abuses at scale before they reach 853 00:45:59,100 --> 00:46:03,000 mainstream platforms. Interesting. 854 00:46:03,000 --> 00:46:06,300 Interesting supplementing, the smarter automated detection with 855 00:46:06,300 --> 00:46:09,600 human expertise to review edge cases, and identify false 856 00:46:09,600 --> 00:46:11,900 positives and negatives. And then feeding those findings 857 00:46:11,900 --> 00:46:15,500 back into training sets will allow us to create AI with human 858 00:46:15,500 --> 00:46:18,700 intelligence baked in this more intelligent AI gets more 859 00:46:18,700 --> 00:46:21,100 sophisticated. With each modulation decision, 860 00:46:21,100 --> 00:46:25,000 eventually allowing near-perfect detention detection at scale. 861 00:46:25,400 --> 00:46:28,200 You can see on this chart here, the intelligence field approach 862 00:46:28,200 --> 00:46:31,200 content, moderation, they got intelligence collected from 863 00:46:31,200 --> 00:46:34,700 millions of Sources, their training sets is fed to the AI 864 00:46:34,900 --> 00:46:38,600 and then these Edge findings are fed to subject matter experts 865 00:46:38,600 --> 00:46:42,600 and it's a feedback loop that that that you know, iterate on 866 00:46:42,900 --> 00:46:47,100 and then they identify high risk items and they remove content 867 00:46:47,100 --> 00:46:48,800 warning, labels are other actions. 868 00:46:48,800 --> 00:46:52,200 The outcome, the lag between the Advent of Novel abuse tactics. 869 00:46:52,200 --> 00:46:55,600 And when AI can detect them is, what allows online abuse to 870 00:46:55,600 --> 00:46:58,400 proliferate, incorporating intelligence into the content. 871 00:46:58,400 --> 00:47:01,500 Moderation process allows team to significantly reduce the time 872 00:47:01,500 --> 00:47:04,700 between When new online abuse methods are introduced and when 873 00:47:04,700 --> 00:47:08,100 AI can detect them in this way, trust and safety, teams can stop 874 00:47:08,100 --> 00:47:13,200 threats Rising online before they reach users, man. 875 00:47:13,500 --> 00:47:18,200 Anyways, Nico, I bring all this up because as you guys know, I 876 00:47:18,200 --> 00:47:21,500 am the in-house propagandist over here at simply Bitcoin. 877 00:47:21,800 --> 00:47:25,600 And I love seeing when the powers that be dropped their own 878 00:47:25,600 --> 00:47:27,700 propaganda. And they tried to spin it in a 879 00:47:27,700 --> 00:47:31,700 way to make you feel like you are being protected. 880 00:47:31,800 --> 00:47:35,300 Stood, like they are doing this for your safety because man, all 881 00:47:35,300 --> 00:47:38,900 those mean, words on the Internet, it's bad for your 882 00:47:38,900 --> 00:47:42,300 mental health. It, you know, you're so weak 883 00:47:42,300 --> 00:47:45,700 lily-livered people out there that you cannot deal with mean, 884 00:47:45,700 --> 00:47:47,900 words on the Internet, it's not like they've ever heard about 885 00:47:47,900 --> 00:47:50,100 mute buttons or block buttons, I don't know. 886 00:47:50,400 --> 00:47:52,800 Anyways, what does this mean to me? 887 00:47:52,800 --> 00:47:55,400 It's like I set in the context of this before. 888 00:47:55,400 --> 00:47:58,800 I went into the article, in my opinion, what is having here? 889 00:47:59,300 --> 00:48:03,700 This is them simply releasing PR So that they can do what we said 890 00:48:03,700 --> 00:48:07,400 they would do that. They would find ways to make 891 00:48:07,400 --> 00:48:10,700 sure that the ministry of Truth. Could continue to control the 892 00:48:10,700 --> 00:48:14,000 narrative. And this is why we show up every 893 00:48:14,000 --> 00:48:18,300 single day because we have to counter these ridiculous 894 00:48:18,300 --> 00:48:22,900 propaganda pieces and they even had the PS a-- at the beginning 895 00:48:22,900 --> 00:48:26,900 about that. The People Like Us alternative 896 00:48:26,900 --> 00:48:31,600 media sources would would take their articles out. 897 00:48:31,700 --> 00:48:34,900 Context and spread misinformation based on their 898 00:48:34,900 --> 00:48:42,000 own words and guys, I literally read you what they said and it 899 00:48:42,000 --> 00:48:45,800 sounds exactly what we've been saying for a long time that they 900 00:48:45,800 --> 00:48:47,400 are trying to control the speech. 901 00:48:47,400 --> 00:48:51,000 They are going to use quote-unquote experts and AI to 902 00:48:51,000 --> 00:48:57,500 make sure that they can better and faster clamp down on false 903 00:48:57,500 --> 00:49:02,100 speech and false thinking. So if you are a wrong, Anchor 904 00:49:02,100 --> 00:49:04,700 out there, which I am pretty sure you would be classified as 905 00:49:04,700 --> 00:49:06,000 one because you are a bit corner. 906 00:49:06,000 --> 00:49:09,100 You are a psychopath, illiterate Bitcoin are out there and you 907 00:49:09,100 --> 00:49:12,300 are super toxic and saying mean words on the internet, they want 908 00:49:12,300 --> 00:49:16,600 to control how you think and furthermore the information that 909 00:49:16,600 --> 00:49:21,600 gets to you guys, if you can't get access to free information, 910 00:49:22,700 --> 00:49:23,900 how else are you going to know the truth? 911 00:49:23,900 --> 00:49:27,800 And like, we stead in the news portion, they are also trying to 912 00:49:27,800 --> 00:49:32,100 stop you from freedom of speech. So They are trying to eliminate 913 00:49:32,100 --> 00:49:36,100 your your right to speak freely and furthermore, your right to 914 00:49:36,100 --> 00:49:42,200 gather information freely. Like, is this not just 1984 Big 915 00:49:42,200 --> 00:49:44,900 Brother stuff happening in real time and then and then they're 916 00:49:44,900 --> 00:49:48,400 trying to spin this like we like we're The Crazy Ones making 917 00:49:48,400 --> 00:49:51,300 stuff up. This is your words Klaus Schwab. 918 00:49:51,300 --> 00:49:53,300 This is your words World economic Forum. 919 00:49:53,500 --> 00:49:56,400 You guys want to control the narrative and make sure that the 920 00:49:56,400 --> 00:50:00,300 right thinking gets cleared up before it hits mainstream. 921 00:50:00,400 --> 00:50:03,200 I was like this is absolutely atrocious and and I say it all 922 00:50:03,208 --> 00:50:04,900 the time. This is why we do this show 923 00:50:05,100 --> 00:50:08,300 because we have to counter this narrative because if it's not us 924 00:50:08,300 --> 00:50:11,700 and Who Legacy Media is bought and paid for. 925 00:50:11,800 --> 00:50:15,100 So we come here every day showing you the receipt of what 926 00:50:15,100 --> 00:50:18,700 their propaganda is going to do. And remember, guys you guys are 927 00:50:18,700 --> 00:50:21,000 all propagandist whether you like that word or not you guys 928 00:50:21,000 --> 00:50:23,800 are propagating means and propagating the truth and 929 00:50:23,800 --> 00:50:27,100 pushing the signal out there so other people can get it anyways. 930 00:50:27,100 --> 00:50:31,900 Nico Am I the crazy one? Am I reading into this because I 931 00:50:31,908 --> 00:50:36,000 know you always gotta pull me back but man, this is crazy. 932 00:50:36,900 --> 00:50:38,500 Not at all man. Not at all. 933 00:50:38,500 --> 00:50:42,200 Like you know what it, the reason it sounds so crazy 934 00:50:42,200 --> 00:50:45,500 because it is crazy but we're living through. 935 00:50:45,500 --> 00:50:48,700 I love this quote, it goes something like, there's decades 936 00:50:48,700 --> 00:50:51,200 that nothing happened, and then there's years that decades 937 00:50:51,200 --> 00:50:53,200 happen, and we're living through that. 938 00:50:53,200 --> 00:50:55,400 We're living through a fourth turning right now. 939 00:50:56,400 --> 00:50:59,000 And yeah, it's absolutely Wild. Old dude. 940 00:50:59,000 --> 00:51:04,500 Look, they deep platforms. A sitting president whether you 941 00:51:04,500 --> 00:51:10,600 agree with his politics or not they you know the the the hunter 942 00:51:10,600 --> 00:51:14,700 Biden laptop thing, right? They just took that off of 943 00:51:14,700 --> 00:51:16,700 Twitter. Again, whether you agree with 944 00:51:16,700 --> 00:51:19,600 the politics are not irrelevant. The fact that they're doing that 945 00:51:19,900 --> 00:51:24,400 is insane. Then you have, you know, the the 946 00:51:24,400 --> 00:51:28,000 Deep platform of anybody who talked about the pandemic not, 947 00:51:28,100 --> 00:51:33,300 Not, you know, talking among the party line right dady platforms, 948 00:51:33,300 --> 00:51:36,900 anybody who remember you were called to conspiracy theorists. 949 00:51:36,900 --> 00:51:39,500 At one point, if you were pointing out that there was 950 00:51:39,500 --> 00:51:42,900 inflation that there was a recession, they're redefining 951 00:51:42,900 --> 00:51:45,700 things. And the reason that you're 952 00:51:45,700 --> 00:51:50,800 seeing this Push by by the world economic forum is because what 953 00:51:50,800 --> 00:51:52,400 they're what they're trying to do is that they're trying to 954 00:51:52,400 --> 00:51:56,600 centralize information again and again and they only want the 955 00:51:56,600 --> 00:52:01,200 so-called credentialed. Checkers to have the final say 956 00:52:01,500 --> 00:52:04,700 and the internet is literally throwing a wrench in their 957 00:52:04,700 --> 00:52:07,700 plant, because it gives everybody the ability. 958 00:52:09,100 --> 00:52:12,800 The ability to communicate directly to each other. 959 00:52:12,800 --> 00:52:15,800 I know a Matrix Matrix and Matrix and seeing right now. 960 00:52:15,800 --> 00:52:18,700 I don't know what's going on. Let me see, let me try lowering 961 00:52:18,700 --> 00:52:20,100 down. Clear to me, I don't know. 962 00:52:20,100 --> 00:52:21,900 You look, let me try it. There we go. 963 00:52:21,900 --> 00:52:24,900 I lower down the definition. Let's see if that helps a little 964 00:52:24,900 --> 00:52:27,600 bit, but yeah, no, there right now. 965 00:52:27,600 --> 00:52:29,300 It's clear. What's happening, right? 966 00:52:29,300 --> 00:52:33,700 They are losing their Monopoly on information and they don't 967 00:52:33,700 --> 00:52:36,800 know what to do about it. They have absolutely no idea 968 00:52:36,800 --> 00:52:38,400 what to do about it. So what are they trying to? 969 00:52:38,400 --> 00:52:40,400 They're trying to do. They're trying to censor and 970 00:52:40,400 --> 00:52:44,000 they're trying to say you, you dirty peasant, you dirty 971 00:52:44,000 --> 00:52:46,400 deplorable. You can't think for yourself, 972 00:52:46,400 --> 00:52:49,800 you need this so-called expert who's bought and paid for who 973 00:52:49,800 --> 00:52:54,500 was absolutely taken to school by the decentralized hivemind of 974 00:52:54,500 --> 00:52:56,900 the internet and of course they can't have it. 975 00:52:57,100 --> 00:53:01,000 So yeah you have attempts by by the European Union. 976 00:53:01,000 --> 00:53:03,900 Also they want to you know stop disinformation. 977 00:53:03,900 --> 00:53:07,200 You have an attempt by the world economic Forum in the United 978 00:53:07,200 --> 00:53:08,700 States. Thank God for free speech. 979 00:53:08,800 --> 00:53:11,300 Right? They tried you could never have 980 00:53:11,300 --> 00:53:14,400 imagined this in this country. They try to the current 981 00:53:14,400 --> 00:53:18,900 Administration tried to pass in the Department of Homeland 982 00:53:18,900 --> 00:53:21,700 Security, which is a police. It's a law enforcement agency to 983 00:53:21,700 --> 00:53:25,100 have a disinformation board. And the lady that was heading 984 00:53:25,100 --> 00:53:30,700 that this information board got caught do using disinformation. 985 00:53:31,000 --> 00:53:33,500 So again, it's not about this information, that's the 986 00:53:33,500 --> 00:53:36,800 marketing term. It's about the fact that the The 987 00:53:36,800 --> 00:53:40,400 Establishment, the powers that be He wants you to believe a 988 00:53:40,400 --> 00:53:43,300 certain thing. And if you talk against that you 989 00:53:43,300 --> 00:53:47,100 are other D or D platform to write think about what has 990 00:53:47,100 --> 00:53:53,100 happened in the last two, three, four years, put the politics 991 00:53:53,100 --> 00:53:55,500 aside, the politics are irrelevant. 992 00:53:55,500 --> 00:54:00,300 And the reason we cover this is because the fight for free 993 00:54:00,300 --> 00:54:04,300 speech is the fight for Bitcoin, and it's already coming. 994 00:54:04,300 --> 00:54:08,400 Now they just developed an open source software. 995 00:54:08,800 --> 00:54:13,200 Developer because he wrote a piece of text that the 996 00:54:13,200 --> 00:54:17,300 establishment did not like and why is this all happening? 997 00:54:17,500 --> 00:54:19,200 I'm going to write an article about it. 998 00:54:19,900 --> 00:54:22,200 What we're witnessing what we're all living through right. 999 00:54:22,200 --> 00:54:25,300 Now we're living through the disintermediation of 1000 00:54:25,300 --> 00:54:28,800 information, which is what the internet and social media did. 1001 00:54:28,900 --> 00:54:32,600 And we're also living through the disintermediation of money. 1002 00:54:32,800 --> 00:54:36,900 Governments, no longer have a monopoly on The Gatekeepers of 1003 00:54:36,900 --> 00:54:40,600 information and they no longer Monopoly on the creation of 1004 00:54:40,600 --> 00:54:44,500 money, and this is them short-circuiting, trying to keep 1005 00:54:44,500 --> 00:54:47,700 that power that's slipping through their fingers and that 1006 00:54:47,700 --> 00:54:50,300 is the fight for our time. That is the fight that we're in 1007 00:54:50,300 --> 00:54:53,300 for. If we win Humanity, will have a 1008 00:54:53,300 --> 00:54:57,200 freedom Renaissance, the world the, which has never existed in 1009 00:54:57,200 --> 00:55:00,700 human history, that's something that will continue fighting, 1010 00:55:00,700 --> 00:55:03,100 like, hell for. But anyways, hold on, hold on. 1011 00:55:03,100 --> 00:55:07,900 People, we go, you need some, some bars right there. 1012 00:55:07,900 --> 00:55:09,800 I just got the shit. Purrs, but I think we got to 1013 00:55:09,808 --> 00:55:11,600 move on with, let's get to the memes. 1014 00:55:12,200 --> 00:55:16,900 Yep, let's get to the memes. I'm for the daily meme review, 1015 00:55:17,000 --> 00:55:18,700 brought to you, by Citadel 21. It's the best. 1016 00:55:18,700 --> 00:55:21,000 Bitcoin cultural scene is stories articles Comics, by 1017 00:55:21,000 --> 00:55:24,200 actual bitcoiners artwork for volume. 10 is artwork for volume 1018 00:55:24,200 --> 00:55:26,900 11 and is the artwork for volume 2. 1019 00:55:26,900 --> 00:55:29,000 Volunteers, almost sold out because there's only a thousand 1020 00:55:29,000 --> 00:55:32,300 physical copies made per volume. Get your prints of Seville 21 1021 00:55:32,300 --> 00:55:36,400 today before they run out. Let's go, guys. 1022 00:55:36,600 --> 00:55:40,400 All right, so before we go remember to put your mean review 1023 00:55:40,400 --> 00:55:43,500 score in the YouTube chat and we will read them at the end of our 1024 00:55:43,500 --> 00:55:47,600 meeting review, of course Nico. Of course I had to put this one 1025 00:55:47,600 --> 00:55:50,100 in be considering I am the in-house. 1026 00:55:50,100 --> 00:55:52,300 True Seeker. So shout out the dream and 1027 00:55:52,300 --> 00:55:56,900 Bitcoin and he goes as of this morning and there's a picture. 1028 00:55:57,300 --> 00:56:00,400 And it's a guy holding a little meat sandwich, or some snacks 1029 00:56:00,400 --> 00:56:03,800 and it says your bit cold one and then a crazy dog fish. 1030 00:56:04,000 --> 00:56:06,800 It is Black Rock. I love this one. 1031 00:56:06,800 --> 00:56:08,700 I love this one. And then, furthermore, of 1032 00:56:08,700 --> 00:56:11,700 course, a back to me being the in-house, true Seeker shafts out 1033 00:56:11,700 --> 00:56:13,500 to ultra Solomon or Solomon Ultra. 1034 00:56:13,800 --> 00:56:17,100 And this is like it mean for member, we always say, memes, 1035 00:56:17,100 --> 00:56:19,700 paint a picture. What's it paint? 1036 00:56:19,700 --> 00:56:22,800 A story in a single picture of a thousand words or whatever. 1037 00:56:22,800 --> 00:56:25,000 The meme is, you already know the mean within the me, many 1038 00:56:25,000 --> 00:56:28,600 ways he goes, was Larry using his BlackRock CL position to 1039 00:56:28,600 --> 00:56:31,400 flood Bitcoin, all along. Now, that the Normie sold 1040 00:56:31,400 --> 00:56:33,500 thinking Bitcoin was bad for the grass. 1041 00:56:33,500 --> 00:56:37,500 Our Valen Larry steps in with mountains of cash and he's a 1042 00:56:37,500 --> 00:56:41,100 guy, Kermit, the Frog down here goes so BlackRock said Bitcoin 1043 00:56:41,100 --> 00:56:43,300 is bad for the environment for over a year. 1044 00:56:43,600 --> 00:56:47,300 Now they want to buy that a four-year low, Kermit drinking 1045 00:56:47,300 --> 00:56:49,700 tea but what do I know? What do we know? 1046 00:56:49,700 --> 00:56:53,200 We are just plebs out here with Bloomberg's accounts and went 1047 00:56:53,200 --> 00:56:57,700 you know we're following misinformation sites and we're 1048 00:56:57,700 --> 00:56:59,400 just seeking truth. We are just true. 1049 00:56:59,400 --> 00:57:02,900 Seekers, what do we know? Anyways, this one's by brekkie 1050 00:57:02,900 --> 00:57:05,300 bomb Bitcoin eagle. As when you seen the shit coin 1051 00:57:05,300 --> 00:57:09,000 scans before and, you know, better and it's a cat that is 1052 00:57:09,000 --> 00:57:12,400 not fazed by the laser pointer and then all the noobs shit 1053 00:57:12,400 --> 00:57:14,700 corners getting rekt going this way. 1054 00:57:14,700 --> 00:57:18,900 And that way chasing the laser but the Bitcoin Maxie is 1055 00:57:18,900 --> 00:57:21,500 unfazed. And then this this one 1056 00:57:21,500 --> 00:57:24,200 considering the news today, I thought this one was very 1057 00:57:24,200 --> 00:57:26,400 fitting. I'm pretty sure you guys have 1058 00:57:26,400 --> 00:57:28,700 all seen in glorious bastard. A great movie. 1059 00:57:28,800 --> 00:57:31,900 And this one buy Bitcoin qana and he goes you're holding 1060 00:57:31,900 --> 00:57:36,300 privacy devs under your floorboards are Jus a play on 1061 00:57:36,300 --> 00:57:38,300 that famous scene at the beginning of that movie. 1062 00:57:38,300 --> 00:57:40,100 Great great meme. Next. 1063 00:57:40,100 --> 00:57:42,100 This one is absolutely hilarious. 1064 00:57:42,100 --> 00:57:45,600 And I literally looked this up to make sure it wasn't a fake 1065 00:57:45,600 --> 00:57:49,100 news story, but this one's by heck Manatee and he goes. 1066 00:57:49,100 --> 00:57:52,600 We have a new Contender for funny as headline of the year. 1067 00:57:52,900 --> 00:57:56,200 And it says, stop putting laser eyes and Joe Biden's eyes. 1068 00:57:56,500 --> 00:57:58,300 And they are. They're trying to make this. 1069 00:57:58,600 --> 00:58:00,900 I think they're trying to make this into something, it isn't. 1070 00:58:00,900 --> 00:58:05,400 But I looked it up, guys. And Yes, this is an actual 1071 00:58:05,400 --> 00:58:07,900 article. I don't know if I want to link 1072 00:58:07,900 --> 00:58:09,800 this but you can look it up for yourself. 1073 00:58:10,400 --> 00:58:13,800 And then next this week we of course got the IR. 1074 00:58:13,800 --> 00:58:17,600 S-- news about them getting 87,000 new agent. 1075 00:58:17,600 --> 00:58:21,700 Plus the other news of that them, buying a whole bunch of 1076 00:58:21,700 --> 00:58:25,200 weapons. So we got this mean by being 1077 00:58:25,300 --> 00:58:28,000 libertarian. It goes, Gamers eagerly awaiting 1078 00:58:28,000 --> 00:58:30,700 the release of Call of Duty IRS auditor. 1079 00:58:32,400 --> 00:58:36,500 It's a Babylon, be Most, but it's a great meme, Call of Duty 1080 00:58:36,500 --> 00:58:39,200 IRS auditor. And he's got to frickin 1081 00:58:39,200 --> 00:58:42,100 semi-autos. That sounds like a fun game. 1082 00:58:42,100 --> 00:58:44,700 Not going to lat. Anyways, on the same point. 1083 00:58:44,700 --> 00:58:50,000 This one's by Rasmus. And this is what is this? 1084 00:58:50,000 --> 00:58:53,800 Always, sunny meme. I'm literally blanking right now 1085 00:58:53,800 --> 00:58:57,000 on Danny DeVito, and it goes IRS is Danny DeVito, and it goes. 1086 00:58:57,000 --> 00:59:01,800 So, anyways, I started blasting. I know you guys know that that 1087 00:59:01,800 --> 00:59:03,500 message or that Meme right there. 1088 00:59:03,500 --> 00:59:09,700 So so my score for today guys, I know you guys are concerned 1089 00:59:10,100 --> 00:59:13,100 about Niko's Black Book of Secrets. 1090 00:59:13,500 --> 00:59:18,900 But look I got opt he's awesome book here that I got at the 1091 00:59:18,900 --> 00:59:22,800 Bitcoin mag conference. It's a future has arrived. 1092 00:59:22,800 --> 00:59:25,100 It's just not evenly distributed yet. 1093 00:59:25,400 --> 00:59:28,500 And look at all these cool stickers, I got here at the 1094 00:59:28,500 --> 00:59:32,700 conference, fix the money, fix the world Bitcoin applied 1095 00:59:32,700 --> 00:59:38,500 anarchism And of course, the Pepe the Frog meme with Bitcoin 1096 00:59:38,500 --> 00:59:43,600 eyes, barely, see it. And shout out to our boys over 1097 00:59:43,600 --> 00:59:47,500 at Bitcoin company. Love you Ben's anyways Nico, 1098 00:59:47,500 --> 00:59:49,900 what's your store? The Benz. 1099 00:59:49,900 --> 00:59:52,000 Yeah, shout out to the Bitcoin company. 1100 00:59:52,000 --> 00:59:56,600 Awesome company. Anyways dude, I was going to 1101 00:59:56,600 --> 00:59:59,800 give it my Black Book of Secrets, but I've already given 1102 00:59:59,800 --> 01:00:01,800 it. So what I'm going to do is I'm 1103 01:00:01,808 --> 01:00:04,400 going to give it the back of my black book of scams. 1104 01:00:04,500 --> 01:00:07,100 Grits and look it has a little thing. 1105 01:00:08,500 --> 01:00:11,400 That I can close my journal with and can open. 1106 01:00:12,800 --> 01:00:17,200 Camp that's called Singularity. That is that it this is the 1107 01:00:17,200 --> 01:00:20,200 original is the original Hardware wallet. 1108 01:00:22,000 --> 01:00:26,300 Anyways guys, we want to know what would you give those memes? 1109 01:00:26,600 --> 01:00:31,100 Drop your score in the chat make Opti and I feel uncomfortable 1110 01:00:31,100 --> 01:00:36,900 while reading the score Z logic says Whoa, classy camo Pepe. 1111 01:00:37,800 --> 01:00:41,900 Any rug says, I'll give these a bar of surf wax. 1112 01:00:42,700 --> 01:00:46,300 You're quoting it. So did it come from somebody and 1113 01:00:46,300 --> 01:00:50,800 Bitcoin. Becca says, The Bitcoin Becca 1114 01:00:50,800 --> 01:00:55,200 says they're sorry Andrew. Nope we are on this one. 1115 01:00:55,200 --> 01:00:59,200 Are you go XE? The black books are multiplying. 1116 01:00:59,200 --> 01:01:02,800 This is true, this is true. All right, moving down, we have 1117 01:01:02,800 --> 01:01:05,500 Bitcoin back as she says. I give those memes my black book 1118 01:01:05,900 --> 01:01:11,200 with a pleb underground silos or it's a lark, Becca post or it's 1119 01:01:11,200 --> 01:01:16,600 a LARP Extermo says, I give it a doctor's appointment, business 1120 01:01:16,600 --> 01:01:22,300 card. BTC pins says I give those memes 1121 01:01:22,300 --> 01:01:30,200 some corn and I love corn. Fumble says I give it Sailors 1122 01:01:30,200 --> 01:01:35,700 left balls. Logo says, I love corn. 1123 01:01:35,700 --> 01:01:40,900 Anyways, this is a, those are good scores. 1124 01:01:41,200 --> 01:01:44,200 Anyways, guys, join our awesome telegram group. 1125 01:01:44,200 --> 01:01:47,700 The link is down below where you could link us some memes to 1126 01:01:47,700 --> 01:01:50,200 review on the Bitcoin mean review. 1127 01:01:50,200 --> 01:01:54,700 We also stream live on Rumble.com and our personal 1128 01:01:54,700 --> 01:01:58,500 favorite Bitcoin tv.com. If they start, plucking 1129 01:01:58,500 --> 01:02:02,300 bitcoiners off of YouTube off of the mainstream platforms, you 1130 01:02:02,300 --> 01:02:04,600 will always find us. On bitcoin TV. 1131 01:02:04,600 --> 01:02:08,600 We will be there, rain or shine Monday through Saturday 12 p.m. 1132 01:02:08,600 --> 01:02:11,800 Eastern Standard Time, anyways, after there was a nope. 1133 01:02:11,800 --> 01:02:13,100 Nope, there wasn't a software release. 1134 01:02:13,100 --> 01:02:15,100 But I'm going to play the software release because it kind 1135 01:02:15,100 --> 01:02:18,400 of is it's an update. It's a software update anyway, 1136 01:02:18,400 --> 01:02:22,300 so check it out. Bitcoin software release. 1137 01:02:23,500 --> 01:02:26,400 All right, before I get it before I get, put it up and then 1138 01:02:26,500 --> 01:02:29,900 you can cover it. Yeah, before I get to that, I 1139 01:02:29,908 --> 01:02:32,400 also want to give a shout out to her awesome. 1140 01:02:32,400 --> 01:02:35,500 Awesome sponsor partner Cipher safe dot IO. 1141 01:02:35,700 --> 01:02:40,600 Don't store your seed on paper paper is what it's not. 1142 01:02:40,600 --> 01:02:44,200 It's you can get it wet. It will destroy the paper. 1143 01:02:44,500 --> 01:02:46,800 You could also catch it on fire. A dog. 1144 01:02:46,800 --> 01:02:49,700 Could eat it. Storing your Bitcoin seed and 1145 01:02:49,700 --> 01:02:51,500 your generational wealth on papers. 1146 01:02:51,500 --> 01:02:55,200 Not a good idea. Which is why you have to store 1147 01:02:55,200 --> 01:02:58,200 it on steel and there's no better steel. 1148 01:02:58,300 --> 01:03:02,500 Then the cipher safe, get yourself a Cipher wheel or 1149 01:03:02,500 --> 01:03:05,400 Cipher grid. Protect your future, put your 1150 01:03:05,400 --> 01:03:11,600 Bitcoin seed on steel. Anyways, Opti, what do we have 1151 01:03:11,700 --> 01:03:14,500 for today? Hold on, let me Zoom this in 1152 01:03:15,500 --> 01:03:19,000 well guys. Apparently we got another data 1153 01:03:19,000 --> 01:03:20,800 leak, involving another third party. 1154 01:03:20,800 --> 01:03:23,700 Vendor this is I think, actually I I'll take it. 1155 01:03:24,200 --> 01:03:26,600 Don't worry. So, I think, actually, this had 1156 01:03:26,600 --> 01:03:30,100 to do with the same one. Yes. 1157 01:03:30,100 --> 01:03:33,600 So this is Casa. Casa is an app. 1158 01:03:33,600 --> 01:03:38,100 It's used for multisig and they had another data leak, right? 1159 01:03:38,100 --> 01:03:42,700 And this is following swans data week data leak earlier on in the 1160 01:03:42,700 --> 01:03:46,100 week. Apparently, both companies, did 1161 01:03:46,100 --> 01:03:50,200 it have any? Important information. 1162 01:03:50,300 --> 01:03:55,900 However, big however. Oh wow, hold on a second. 1163 01:03:55,900 --> 01:03:58,000 Look at look at that. Look at that for Casa. 1164 01:03:58,000 --> 01:04:02,000 What information was disclosed? So this was a lot worse than the 1165 01:04:02,000 --> 01:04:03,900 swan. This was a lot worse than the 1166 01:04:03,900 --> 01:04:06,200 swan. This was your first and last 1167 01:04:06,200 --> 01:04:11,600 name email address phone number shipping address, billing 1168 01:04:11,600 --> 01:04:16,300 address. Well, that is bad. 1169 01:04:16,700 --> 01:04:20,600 That is really really bad. Why is this bad? 1170 01:04:21,900 --> 01:04:25,200 Look. I like I like Casas product. 1171 01:04:25,200 --> 01:04:30,100 However, at the end of the day, what are they for? 1172 01:04:30,300 --> 01:04:34,600 They're they're literally the purpose of Casa is to help you 1173 01:04:34,600 --> 01:04:40,700 secure your Bitcoin. And now with this leak, people 1174 01:04:40,700 --> 01:04:45,400 have your first, your last name and your physical address. 1175 01:04:46,600 --> 01:04:49,800 So it company that was supposed to protect you from a five 1176 01:04:49,800 --> 01:04:54,600 dollar rent attack. L physical address. 1177 01:04:55,000 --> 01:04:57,300 If you bought from the casa store, I don't know what that 1178 01:04:57,300 --> 01:04:59,500 means. They, it's like, so it has a 1179 01:04:59,500 --> 01:05:01,700 store on their, on their website, where they were 1180 01:05:01,700 --> 01:05:04,600 selling, like the casa node. And, you know, like merch and 1181 01:05:04,600 --> 01:05:07,300 all that stuff. So man. 1182 01:05:07,300 --> 01:05:11,000 So apparently it wasn't for the multisig stuff but still man. 1183 01:05:11,000 --> 01:05:14,700 Still, what if you're like fine, you have a random name, right? 1184 01:05:17,100 --> 01:05:19,400 But what if what if you're like a well-known person? 1185 01:05:21,200 --> 01:05:24,000 That's rough man. You have a well-known person. 1186 01:05:24,000 --> 01:05:25,400 You're trying to up your security. 1187 01:05:25,400 --> 01:05:28,100 You by you go from the cost of store you buy yourself a 1188 01:05:28,100 --> 01:05:32,300 hardware wallet on the cost of store and now someone knows your 1189 01:05:32,300 --> 01:05:37,200 address man. Like that is rough. 1190 01:05:37,300 --> 01:05:41,300 That is that is a, that is rough because that is the purpose of 1191 01:05:41,300 --> 01:05:43,200 what it is. You're trying to do and on the 1192 01:05:43,200 --> 01:05:45,600 same week, of course, you know, you have swans. 1193 01:05:45,600 --> 01:05:48,600 Swans wasn't even. It wasn't as bad, right? 1194 01:05:49,200 --> 01:05:53,200 But it's his to bitcoin companies in the same week man. 1195 01:05:53,300 --> 01:05:55,200 It's a rough stuff. Rough stuff. 1196 01:05:55,400 --> 01:05:58,300 Now, obviously the bright side of this is that I guarantee you 1197 01:05:58,300 --> 01:06:00,600 they're definitely going to, you know, improve some things 1198 01:06:00,600 --> 01:06:04,500 security-wise. Hopefully you know, the The 1199 01:06:04,508 --> 01:06:06,300 Reliance on third parties, but who am I? 1200 01:06:06,300 --> 01:06:09,600 I don't run a company. So they're definitely trying to, 1201 01:06:09,700 --> 01:06:12,900 you know, they're trying definitely trying to save money 1202 01:06:12,900 --> 01:06:15,500 in terms of not building out as much back end. 1203 01:06:16,600 --> 01:06:19,100 And look, Andrew Williams, actually has a good cost 1204 01:06:19,300 --> 01:06:23,800 comment, he says with Casa, they are likely to be high net worth. 1205 01:06:26,100 --> 01:06:29,900 Casa leak is a huge fail and Swan should get their shit 1206 01:06:29,900 --> 01:06:31,900 together to yeah. So on is getting their shit 1207 01:06:31,900 --> 01:06:35,600 together. But yeah, this is a this is this 1208 01:06:35,600 --> 01:06:37,600 is some this is some bad news man. 1209 01:06:37,700 --> 01:06:40,800 But again, I'm big fans of those companies. 1210 01:06:41,200 --> 01:06:43,900 I like what cost is doing, I love what swan is doing. 1211 01:06:44,400 --> 01:06:48,300 But, but yeah, this is a guys, we always told you from the very 1212 01:06:48,300 --> 01:06:51,500 beginning, simply Bitcoin sensors themselves to no one, we 1213 01:06:51,500 --> 01:06:55,000 always promise you guys, it will tell you the Treecko before we 1214 01:06:55,000 --> 01:06:57,300 go on and This one out, I want to Echo. 1215 01:06:57,300 --> 01:07:00,300 This guy's you need to reread. Nick saw bows, third parties are 1216 01:07:00,300 --> 01:07:02,600 security hole to remind yourself that. 1217 01:07:02,600 --> 01:07:04,800 Third parties are a security hole. 1218 01:07:06,100 --> 01:07:10,400 Yeah, so at the end of this, I think that, you know, this is a 1219 01:07:10,400 --> 01:07:13,100 hard learning experience. If you don't make mistakes, you 1220 01:07:13,100 --> 01:07:16,200 don't learn. And I do like the fact that Nick 1221 01:07:16,200 --> 01:07:20,000 Newman Casa Cielo got ahead of it and I do like the fact that 1222 01:07:20,000 --> 01:07:23,600 core eclipsed in CEO of swan also, he was actually one of the 1223 01:07:23,600 --> 01:07:26,000 first to admit, hey, look, this is what happened. 1224 01:07:26,200 --> 01:07:29,200 So, I like the fact that they took responsibility a lot of 1225 01:07:29,200 --> 01:07:31,900 other companies, especially the shit coin companies, don't do 1226 01:07:31,900 --> 01:07:34,000 that. So at least there's a bright 1227 01:07:34,000 --> 01:07:36,600 side to this, but yeah. Still sucks. 1228 01:07:37,200 --> 01:07:40,900 Anyways, I also want to give a shout-out to our awesome 1229 01:07:40,900 --> 01:07:45,700 clothing sponsor representing t-dot-com, they make the most 1230 01:07:45,700 --> 01:07:48,700 comfortable, stylish hoodies, opting, I wearing them. 1231 01:07:49,200 --> 01:07:53,500 I'm wearing the camo represent, hoodie, opt, he's wearing the 1232 01:07:53,500 --> 01:07:57,100 green hoodie. It's stylish, it's comfortable, 1233 01:07:57,600 --> 01:07:58,700 you definitely want to put it on. 1234 01:07:58,700 --> 01:08:00,400 I promise. If you buy yourself, one of 1235 01:08:00,400 --> 01:08:02,600 these hoodies, you do understand what I'm talking about. 1236 01:08:02,600 --> 01:08:05,400 They're making simply Bitcoin merch, they're making Bitcoin 1237 01:08:05,400 --> 01:08:07,100 merged They've made Bitcoin merch. 1238 01:08:07,100 --> 01:08:09,700 You definitely want to go check out representing t.com, and you 1239 01:08:09,700 --> 01:08:12,700 can take advantage of the promo, code down below to get 10% off. 1240 01:08:13,000 --> 01:08:16,100 Guys, that was our show. Thank you so much for joining 1241 01:08:16,100 --> 01:08:17,800 us. This is simply Bitcoin live. 1242 01:08:17,800 --> 01:08:20,800 So we are going to make mistakes because it is a live show. 1243 01:08:20,800 --> 01:08:25,300 But at least that adds to the authenticity of the show which 1244 01:08:25,399 --> 01:08:28,100 before in the pre-recorded show I took all of that out. 1245 01:08:28,200 --> 01:08:31,500 It really helps us specially. If you found this content 1246 01:08:31,500 --> 01:08:34,700 valuable to you really helps us if you leave a comment, if you 1247 01:08:34,700 --> 01:08:37,500 smash the like button, And if you really, really like this 1248 01:08:37,500 --> 01:08:40,300 channel, if you really like this content, it really helps us if 1249 01:08:40,300 --> 01:08:42,600 you subscribed. I also want to give a shout-out 1250 01:08:42,600 --> 01:08:46,300 to Jacob from Swan. Jacob, the producer from Swan 1251 01:08:46,300 --> 01:08:49,000 Bitcoin. He helps us host the Twitter 1252 01:08:49,000 --> 01:08:52,200 spaces which opt he's going to be there and a little bit. 1253 01:08:52,200 --> 01:08:55,500 We host the spaces all the way to 2 o'clock, and I also want to 1254 01:08:55,508 --> 01:08:59,100 give a shout-out to Hans. He helps us with the research. 1255 01:08:59,200 --> 01:09:02,300 Shout out to you brother. Also, check out SATs for life. 1256 01:09:02,300 --> 01:09:05,200 He is the new simply Bitcoin writer, check out Simply 1257 01:09:05,200 --> 01:09:06,300 Bitcoin. News. 1258 01:09:06,300 --> 01:09:09,500 I will take you to the simply Bitcoin sub stack guys. 1259 01:09:09,500 --> 01:09:11,700 That was our show. We love you all. 1260 01:09:11,700 --> 01:09:13,800 We'll be back for the Saturday special. 1261 01:09:13,800 --> 01:09:16,700 We have some very interesting things that we're going to cover 1262 01:09:16,899 --> 01:09:18,600 the weekend. Episodes are a little slow, but 1263 01:09:18,600 --> 01:09:23,000 we cover subjects that we don't have time to cover cover cover 1264 01:09:23,000 --> 01:09:26,500 on your cover during the week. So anyways, guys, we will see 1265 01:09:26,500 --> 01:09:30,300 you on the next episode of Simply Bitcoin. 1266 01:09:44,500 --> 01:09:46,899 Which one's the best crypto asset will Bitcoins the best 1267 01:09:46,899 --> 01:09:49,100 crypto last. Okay, what's the second best? 1268 01:09:49,200 --> 01:09:50,500 There is no second best.