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Yeah. 
Welcome to Simply Bitcoin live 

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your number one source for the 
peaceful Bitcoin Revolution 

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recovered breaking news culture 
Mirotic Warfare we will be your 

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guide through the separation of 
money and state. 

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That's exactly what we're going 
through. 

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Check this out check this out. 
So this we've been covering this

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for a while but I don't think 
it's escalated to this point so 

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we're going to explain what 
Swift is but think about Swift 

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as one of the largest payment. 
Mint networks in the world that 

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Banks often used specifically to
send money internationally, 

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right? 
Apparently, it came out and 

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we're going to dive into the 
details because, you know, of 

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course, like the, you know, the 
the clickbait Articles was like,

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oh my God, like, by Nan's got 
cut off from Swift and whatever,

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but we're gonna dive deep into 
that, and apparently they set 

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limits to over 100k a hundred 
thousand dollars and that really

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leaves out the little guy. 
So, we're we have the Cells 

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specifically, it relates to One 
bank, but if that in itself was 

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just the news, I don't think it 
would be that big of a deal. 

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I don't think I would have 
covered it but this is just a 

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continuation of of this pattern 
that we've started to notice, 

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right? 
Which is it's not just Swift, 

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it's not just specifically, the 
bank is called Signature, right?

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It's not just these two 
entities. 

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It's also other Banks as well 
including Wells Fargo including 

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Banks of America that Have 
continuously shut down the 

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accounts. 
And I've heard this story many 

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times on Twitter, maybe, you 
know, some of you guys watching 

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have been affected by this, that
they've closed down the accounts

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of people of Bitcoin businesses 
that are doing banking with them

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and also people that are just 
buying Bitcoin in general, 

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right? 
And that's a very scary pattern.

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And now, if you think about it, 
right? 

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This is one of the, this is one 
of the weak points, writes the 

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the on And off ramps. 
Right? 

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So, if you, if, for whatever 
reason, right, this could 

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potentially be an issue in the 
future Banks. 

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Just don't allow you, which is a
crazy concept if you think about

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it, right? 
We the people, you know, that 

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are holding your money, we don't
allow you to use your money in a

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certain way, right? 
So, is this pattern going to 

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continue? 
I would make the argument that 

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it will, and if it does right, I
think, you know, it's something 

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to consider probably the 
peer-to-peer aspect of Bitcoin, 

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right? 
And the peer-to-peer aspect of 

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Bitcoin you have to understand 
guys. 

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That's how most people around 
the world, right? 

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They transact in Bitcoin, right?
These telegram chats. 

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You know, bisque is also a 
really popular one and they 

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transact Bitcoin peer-to-peer. 
Obviously you know, we don't 

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want it to allow to get to that 
point. 

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Corey wrote an amazing article. 
Right? 

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You know, the race to avoid the 
war. 

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This is what the race is all 
about. 

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We must have a big adoption of 
Bitcoin in, you know, in 

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specifically United States and 
developed countries specifically

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in countries where people are 
accustomed to using their bank 

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accounts to grow their stack. 
Right? 

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We need this adoption in order 
to avoid this potentially in the

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future but it is a very 
troubling pattern and then it 

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makes you ask the question, 
right? 

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It makes you ask the Question. 
Like, is it really your money? 

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If a bank or government is 
telling you what you can and 

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what you can't do with that 
money? 

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Now fine, you can make the moral
case, you know, buying, you 

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know, narcotics or buying, you 
know, illegal things, whatever 

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you can make the case that, 
okay, you know, maybe that's 

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justifiable. 
Maybe maybe right. 

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But is it really, really 
dangerous like, is it really, 

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really? 
Lee dangerous. 

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That is it really really 
dangerous. 

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How is it dangerous? 
How does it affect anybody that 

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you're using your Fiat money? 
Your state money that you worked

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for, and you're using that money
to buy Bitcoin? 

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Who does that hurt? 
Really? 

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This is that hurting anybody? 
Right? 

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Like, ha ha, why are they 
stopping this in the first 

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place, right? 
So, that's a very interesting 

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question. 
We're going to talk about it but

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first, I want to let up my 
awesome co-host. 

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How you doing Opti? 
Are you doing so Nico? 

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Hello world. 
How are you guys? 

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Doing today Another Day in 
Paradise. 

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Now the day giving guys signal 
on simply Bitcoin. 

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So I'm excited for this one and 
Men. 

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Yeah, I'm excited to hear an 
awesome Nika Jones rant on the 

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news segment. 
Today, you already know it's 

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coming. 
Like I said anytime Nico gives a

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four-minute pretty context to 
the show. 

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It's going to be a lit show and 
on the culture. 

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Today I think I mentioned this 
this article that I'm covering 

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when I told you guys that I read
Brains mining pamphlet or mining

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book. 
I forget what the title is. 

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Well, I found the article online
and it's a simple explanation of

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what Bitcoin mining is. 
And I'm just tired of 

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consistently hearing that the 
computers are solving complex 

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math problems in the my energy 
use and stuff. 

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So we're gonna we're going to 
give a very simple simple. 

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Explanation of what Bitcoin 
mining is for the new people in 

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the back. 
Anyways, let's go. 

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Anyways, let's go. 
Alright everybody, let's start 

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the show. 
Let's do this. 

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The Bitcoin numbers brought to 
you by novel. 

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At this point, you should be 
running your own Bitcoin note. 

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If you don't use your own 
Bitcoin node, you're trusting 

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someone else's run your own 
version of Bitcoin core. 

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The lightning Network, 
whirlpool, and Dojo all from the

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comfort of your own home. 
And if your digital Nomad, you 

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have absolutely no excuse 
because now you can run a novel 

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through a virtual private 
server. 

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Visit not all Dottie you today. 
All right, everybody, the 

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Bitcoin price at the time of 
recording. 

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Twenty-two thousand nine hundred
and twenty cents per dollar, 

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4360 67 just changed block 
height 770 3261 reachable 

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Bitcoin nodes, fourteen thousand
three hundred thirty two blocks 

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to The Happening. 60 6739 having
estimate April 25th 2024, total 

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lightning network capacity. 
5,000 243 capacity value 120 

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million. 
U.s. dollars realized monetary 

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inflation 1.76 percent and the 
market. 

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Ization of Bitcoin 441 billion 
dollars with Abby. 

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Anyways, during the number 
segment, I want to talk about 

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this. 
So Janet Yellen which is the 

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current u.s. treasury secretary 
also former Fed chair, that's 

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never happened before, in US 
history, by the way, the, it's 

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never happened. 
Where a former Fed chair. 

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Then becomes the US Secretary 
because supposedly, or how it's 

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supposed to work is that the FED
is supposed to be Separate, 

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right? 
But this is I think another 

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example of the revolving door in
d.c. anyways, so check this out.

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Secretary Janet Yellen said 
since 1789, the US has always 

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paid all of its bills, the 
knowledge that we can be trusted

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and counted on to do that. 
Underlines the foundations of 

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the entire Global Financial 
system. 

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Default would cause widespread 
damage to the US economy. 

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Now, here's the thing, that's a 
lie. 

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But let's play the, let's play 
the clip and then we'll talk 

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about it, and there's some 
awesome. 

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Awesome bitcoiners which is this
is a power of the internet. 

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This is the this is when I tell 
you guys that every single one 

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of you Has agency every single 
one of you can contribute to 

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this fight to this peaceful 
Revolution, the way that you do 

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that in the era of the internet.
And this weird type of 

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informational Warfare that we're
all kind of living and 

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experiencing is by tweeting, 
it's by liking its by engaging 

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its, by promoting Bitcoin 
content. 

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Getting the truth out there. 
Getting that stuff out there 

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before, there would be no, there
would. 

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There would have been no ability
for the average everyday person,

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or Right to actually speak their
mind to these very powerful 

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individuals and that's one of 
the reasons why, you know, the 

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the the power without getting 
into any of the conspiracy 

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theory stuff by a lot of these 
powerful continuing are the 

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continuing are class wants to 
label a lot of information 

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misinformation as if it doesn't 
fit their narrative right? 

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All of a sudden you're somehow 
your misinformation anyways. 

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So let's check out the clip and 
then, let's, let's fact check. 

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The fact checkers, Shall we? 
Just quote that letter that you 

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are referring to just a little 
bit failure to meet. 

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The government's obligations 
would cause irreparable harm to 

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the United States economy. 
The livelihoods of all 

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Americans, and Global Financial 
stability. 

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So, in brief what kind of 
irreparable harm and 

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particularly for American 
households, how would average 

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American households experience? 
This United States is a country 

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that's in 1789. 
Has always paid all of its bills

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and And the knowledge that the 
u.s. government can be trusted 

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in counted on to do that 
underlies, the foundation's 

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really of the entire Global 
Financial system US Treasury 

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Securities are the safest 
investment on the planet and we 

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would certainly experience at a 
minimum downgrading of our debt.

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If that happened our borrowing, 
Owing costs would increase and 

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every American would see that 
they're borrowing costs would 

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increase as well on top of that.
A failure to make payments that 

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are due whether it's the bond 
holders or to Social Security, 

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recipients, or to our military 
would undoubtedly, cause a 

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recession in the US economy and 
could cause a global financial 

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crisis. 
It would certainly undermine the

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role of the dollar as a reserve 
currency that is used in 

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transactions, all over the world
and Americans with many people 

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would lose their jobs and 
certainly their borrowing costs 

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would rise. 
All right, so you know that's 

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what she said. 
Right? 

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That the US has never defaulted 
on its debt, by the way, the the

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part of, you know, not being 
able to, you know, raise the 

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debt ceiling and all the 
consequences of that 

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specifically to the US economy 
to people's faith in the dollar,

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she's absolutely spot on that. 
But the what the consequences of

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that would be right? 
But the idea that the US has 

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never defaulted on its debt. 
Yet, that's not true, right? 

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Here's Pere Richard. 
We recently had them last week 

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on simply Bitcoin iroh big fan 
since 1789. 

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00:11:33,100 --> 00:11:38,400
The US Treasury has defaulted, 
at least five times 1792 1834 

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00:11:38,400 --> 00:11:44,900
1862 1933 and continuously since
1971, right? 

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We all know what happened in 
1971, Richard Nixon took us off 

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the gold standard and basically 
told everybody at Old the 

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Community that the US would not 
would not would not stick to let

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me get. 
So I'm very complex topic so I'm

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00:12:04,300 --> 00:12:06,200
not going to butcher it. 
Let's check out the Wikipedia 

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article says the Nixon shock was
a series of economic measures 

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00:12:09,300 --> 00:12:13,000
undertaken by the United States 
President Richard Nixon 1971 in 

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response to increasing 
inflation. 

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The most significant of which 
were wage and price freezes 

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00:12:17,700 --> 00:12:21,600
surcharges on Imports and the 
unilateral cancellation of the 

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direct International crew 
Convertibility of the United 

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00:12:24,800 --> 00:12:28,400
States dollar to Gold. 
Because before 1971, the dollar 

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00:12:28,400 --> 00:12:32,000
was pegged to gold, right? 
And then here is Walker, part of

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the crypto couple says false. 
The u.s. defaulted four times. 

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00:12:35,800 --> 00:12:41,400
1862 defaulted on demand notes. 
1933 defaulted on gold bonds, 

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1968 refuse to redeem silver 
certificate, paper dollars for 

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00:12:45,500 --> 00:12:50,400
silver dollars. 1971 refuse to 
redeem dollars held by Foreign 

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governments for gold under the 
Bretton Woods. 

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Agreement. 
So what is that? 

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But not a default, right? 
So, and again, like this is this

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is what they do, right? 
They they kind of like move the 

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00:13:02,000 --> 00:13:04,000
goalposts and they redefine 
things. 

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00:13:04,200 --> 00:13:07,400
How is that? 
Not but a, how is that not a 

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default, right? 
And then what happened after 

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1971 is that look check it out. 
The US government was kind of 

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constrained and their ability to
print money because it had to be

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backed, you know, one to one 
with gold. 

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00:13:20,900 --> 00:13:23,900
After 1971. 
All bets were off All right. 

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And then there's that very 
famous website, right? 

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What the f happened in 1971 and 
what the consequences were of 

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that. 
And now why did the United 

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States do that in 1971 to fund 
the Vietnam War, right? 

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And how many endless Wars have? 
We had since 1971. 

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We are sending or, you know, the
United States government better 

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00:13:44,000 --> 00:13:48,400
said, is sending hundreds of 
millions of dollars to fight a 

229
00:13:48,400 --> 00:13:53,300
war, thousands of miles away in 
the Ukraine, they would not be 

230
00:13:53,500 --> 00:13:58,200
Able to do that, if the dollar 
was backed 121 by gold, they 

231
00:13:58,200 --> 00:14:00,400
wouldn't be able to afford that,
right. 

232
00:14:00,400 --> 00:14:03,300
The only way that they would be 
able to afford that is via 

233
00:14:03,300 --> 00:14:08,200
direct taxation, try, try, 
raising the taxes of people, 

234
00:14:08,400 --> 00:14:12,300
right, to fund a war, that they 
might not necessarily agree with

235
00:14:12,300 --> 00:14:14,000
right? 
They would, they would literally

236
00:14:14,000 --> 00:14:17,100
be riots in the street, but the 
way that they've been able to do

237
00:14:17,100 --> 00:14:20,400
that, now is through the hidden 
tax of inflation, right? 

238
00:14:20,500 --> 00:14:23,300
So they just print the money and
that's how they're able to for 

239
00:14:23,400 --> 00:14:25,300
Things. 
But make no mistake that is 

240
00:14:25,300 --> 00:14:26,700
attacks. 
Make no mistake. 

241
00:14:26,700 --> 00:14:29,100
You are getting poor. 
Make no mistake. 

242
00:14:29,100 --> 00:14:33,400
That is a redistribution of ass 
as a redistribution of wealth 

243
00:14:33,400 --> 00:14:36,700
from the lower and middle 
classes, and it's redistributed 

244
00:14:36,700 --> 00:14:39,100
to the government. 
In the very wealthy that do have

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00:14:39,100 --> 00:14:42,000
the means to save an assets. 
Therefore benefit from asset 

246
00:14:42,000 --> 00:14:45,500
inflation. 
So again like I think that there

247
00:14:45,500 --> 00:14:50,500
are some things that Yellen said
were true but the idea that the 

248
00:14:50,500 --> 00:14:53,300
US has not defaulted on its 
debt. 

249
00:14:53,700 --> 00:14:55,600
That is a lie. 
That is propaganda. 

250
00:14:55,600 --> 00:14:58,600
That is a spin, right? 
Constantly changing the 

251
00:14:58,600 --> 00:15:00,500
goalposts. 
Getting to a point where hey, we

252
00:15:00,500 --> 00:15:03,200
can't pay for things anymore. 
You know that Bretton Woods 

253
00:15:03,200 --> 00:15:06,600
agreement that we agreed to, you
know, after World War Two. 

254
00:15:06,600 --> 00:15:09,700
Yeah, the, you know US dollar 
backed 12-1 by gold. 

255
00:15:09,700 --> 00:15:12,300
Well, we can't adhere to that 
anymore. 

256
00:15:13,300 --> 00:15:15,300
That is a default that is a 
default, you know? 

257
00:15:15,300 --> 00:15:18,100
But again, I don't think that 
they see it that way. 

258
00:15:18,100 --> 00:15:20,500
I don't think that they Define 
it that way, but that doesn't 

259
00:15:20,500 --> 00:15:23,300
mean it's not true. 
Anyways, Opti, what are your 

260
00:15:23,400 --> 00:15:27,500
Thoughts on this. 
Well, the propaganda strong with

261
00:15:27,500 --> 00:15:31,200
this one and obviously, I think 
it's kind of fitting that it's 

262
00:15:31,200 --> 00:15:35,200
coming from Janet Yellen 
herself, but I think to one of 

263
00:15:35,200 --> 00:15:37,100
your points, you know, the best 
propaganda is filled with 

264
00:15:37,100 --> 00:15:42,200
half-truths and so, hence why 
there is some truth sprinkled in

265
00:15:42,200 --> 00:15:44,000
there. 
But I mean, we talked about all 

266
00:15:44,000 --> 00:15:46,900
the time, like what the fuck 
happened in 1971? 

267
00:15:46,900 --> 00:15:51,100
Go to WTF happened in 1971.com 
and just look at the charts for 

268
00:15:51,100 --> 00:15:52,800
yourself, like the receipts are 
there? 

269
00:15:53,500 --> 00:15:55,600
And then just to touch on some 
of the things she said, you 

270
00:15:55,600 --> 00:15:58,700
know, us treasuries, the safest 
investment law. 

271
00:15:59,000 --> 00:16:02,800
That is Bitcoin opinion. 
What else you said not in a 

272
00:16:02,808 --> 00:16:06,200
recession like long? 
Yeah, because you guys redefined

273
00:16:06,200 --> 00:16:10,100
the terms, and then I think the 
most fitting part is what that 

274
00:16:10,100 --> 00:16:13,900
whole little segment was about 
is her saying the silent part 

275
00:16:13,900 --> 00:16:16,000
out loud. 
Like they're scared of the 

276
00:16:16,000 --> 00:16:19,600
dollar being undermined because 
it literally takes away their 

277
00:16:19,600 --> 00:16:22,600
power if they don't have the 
money printer, and this is what 

278
00:16:22,600 --> 00:16:25,000
they what they Really afraid of 
because as we've been 

279
00:16:25,000 --> 00:16:29,300
continuously covering on this 
show, the unproductive class the

280
00:16:29,300 --> 00:16:32,100
politicians. 
The central Bankers high-level 

281
00:16:32,100 --> 00:16:37,300
parasites a monetary demons, 
they don't provide any value to 

282
00:16:37,300 --> 00:16:39,800
society. 
And so the only way that they're

283
00:16:39,800 --> 00:16:43,600
able to leech off Society is by 
continuously having the power of

284
00:16:43,600 --> 00:16:46,100
the money printer. 
So, you know, if you can 

285
00:16:46,100 --> 00:16:51,100
disintermediate that if you can 
take away that power, then what 

286
00:16:51,100 --> 00:16:52,600
are they going to do? 
They're going to have to 

287
00:16:52,600 --> 00:16:55,100
actually provide Ali to society 
and it's something that they 

288
00:16:55,100 --> 00:16:58,800
can't do or else they wouldn't 
be politicians, like, it's just 

289
00:16:58,800 --> 00:17:02,700
amazing. 
I, I, I'm never, I'm never not 

290
00:17:02,700 --> 00:17:06,500
Amazed by the amount of 
propaganda and clown world and I

291
00:17:06,500 --> 00:17:09,200
say it all the time. 
It feels like we are peaking 

292
00:17:09,200 --> 00:17:13,300
clown World propaganda. 
And yet again, we see more more 

293
00:17:13,300 --> 00:17:16,300
videos like this. 
That is just simply laughable. 

294
00:17:16,300 --> 00:17:19,400
If it wasn't so terrifying, what
these people really want to do? 

295
00:17:19,400 --> 00:17:23,200
It's, you know, I think, I think
I'm dropping a short. 

296
00:17:23,300 --> 00:17:28,200
Later today that is is basically
of a rant of Nica last week. 

297
00:17:28,200 --> 00:17:30,900
It's like what do they want to 
do? 

298
00:17:31,200 --> 00:17:34,900
They want to keep you enslaved 
on the Fiat system and they're 

299
00:17:34,900 --> 00:17:38,300
going to try to frame it in any 
way possible to maintain that 

300
00:17:38,300 --> 00:17:41,500
power and Bitcoin takes away 
that power if you take Bitcoin 

301
00:17:41,500 --> 00:17:44,600
into self custody. 
So you know it's all connected 

302
00:17:45,100 --> 00:17:48,700
and this is why this is why 
we're in the place that we are 

303
00:17:48,700 --> 00:17:51,600
right now is because of these 
politicians that have 

304
00:17:51,600 --> 00:17:55,500
continuously been able to steal 
from us, as PR, Richard said 

305
00:17:55,500 --> 00:17:59,600
five times throughout the 
history of the u.s. you know of 

306
00:17:59,800 --> 00:18:02,500
Country here. 
So Bitcoin fixes this. 

307
00:18:03,100 --> 00:18:05,200
Yeah. 
And this is like, you know, the 

308
00:18:05,200 --> 00:18:08,300
nigger and the reason that she's
saying that statement right is 

309
00:18:08,300 --> 00:18:10,500
it's all about raising the debt 
ceiling, right? 

310
00:18:10,500 --> 00:18:12,500
This is that's literally what 
this is about. 

311
00:18:12,500 --> 00:18:15,000
It's a political statement and 
it at the same time it's like 

312
00:18:15,000 --> 00:18:18,100
look if we don't raise the debt 
ceiling, you know, all of a 

313
00:18:18,108 --> 00:18:21,500
sudden, you know, the US 
government won't be able to meet

314
00:18:21,500 --> 00:18:23,400
its obligations. 
Right. 

315
00:18:23,500 --> 00:18:26,100
But at the same time, right? 
It's really interesting that 

316
00:18:26,100 --> 00:18:29,400
they say that because look at 
the end of the day, the United 

317
00:18:29,700 --> 00:18:32,500
It's government. 
Consistently every single year, 

318
00:18:32,600 --> 00:18:36,900
spends more money than it 
collects has that it collects in

319
00:18:36,900 --> 00:18:39,500
taxes, right? 
So it's deficit spending how 

320
00:18:39,500 --> 00:18:42,600
they able to afford that deficit
spending theoretically it's 

321
00:18:42,600 --> 00:18:45,800
about selling bonds but no one 
has the money to buy those Bonds

322
00:18:45,800 --> 00:18:48,300
in the open market. 
So who ends up buying the bonds?

323
00:18:48,500 --> 00:18:51,100
The bonds were just bought put 
on the fed's balance sheet. 

324
00:18:51,100 --> 00:18:54,400
So it's like this, like weird 
black magic behind the scenes 

325
00:18:54,800 --> 00:18:58,400
and who's the loser of all this,
the loser of all, this is the 

326
00:18:58,400 --> 00:19:01,200
lower and middle classes. 
This is I would say even the 

327
00:19:01,200 --> 00:19:05,100
upper middle class. 
If you don't have the means to 

328
00:19:05,100 --> 00:19:10,600
save and assets, you are getting
poorer if you save and cash, if 

329
00:19:10,600 --> 00:19:14,500
you earn in cash, all this 
spending of which they cannot 

330
00:19:14,500 --> 00:19:17,400
afford. 
Right in the first place is 

331
00:19:17,400 --> 00:19:22,200
making, you poor. 
Are you benefiting from a lot of

332
00:19:22,200 --> 00:19:24,100
these things that they're 
spending money on? 

333
00:19:24,100 --> 00:19:26,500
Are you benefiting? 
I don't think so. 

334
00:19:26,500 --> 00:19:30,000
I think the only benefactors are
the continuing are class Are the

335
00:19:30,000 --> 00:19:32,200
class in d.c. that are closest 
to the money. 

336
00:19:32,200 --> 00:19:34,700
Spicket. 
Everybody else gets hurt man. 

337
00:19:35,000 --> 00:19:38,900
So this is all, you know, this 
is all like it's a circus show. 

338
00:19:39,000 --> 00:19:42,000
But this is what Bitcoin is all 
about Bitcoin gives you the in 

339
00:19:42,008 --> 00:19:45,500
debility, the ability, the 
individual right to opt out of 

340
00:19:45,508 --> 00:19:50,400
the system, put your worth your 
energy, your time your work into

341
00:19:50,400 --> 00:19:52,500
an asset, that cannot be 
debased. 

342
00:19:52,500 --> 00:19:56,300
It can't be easily confiscated, 
it can't be easily censored and 

343
00:19:56,300 --> 00:19:57,900
this is what the Bitcoin 
Revolution is. 

344
00:19:57,900 --> 00:19:59,800
All about. 
If you're not about that, That 

345
00:19:59,800 --> 00:20:02,700
then you then go play in the 
horse and pony show, right? 

346
00:20:02,700 --> 00:20:04,600
This is why we say bitcoiners 
slavery. 

347
00:20:04,600 --> 00:20:06,900
There you go. 
Participate in that Madness 

348
00:20:06,900 --> 00:20:09,700
because it's it, right? 
That's, that's really, really 

349
00:20:09,700 --> 00:20:11,800
what it is. 
Anyways, everybody, let's get to

350
00:20:11,800 --> 00:20:13,200
the news. 
Let's talk about it. 

351
00:20:13,200 --> 00:20:20,500
Let's check it out. 
The Daily News brought to you by

352
00:20:20,500 --> 00:20:23,400
block stream. 
Jade built by bitcoiners for 

353
00:20:23,400 --> 00:20:25,300
bitcoiners. 
It's an open-source Hardware 

354
00:20:25,300 --> 00:20:28,500
waller for the cold storage of 
Bitcoin block stream. 

355
00:20:28,500 --> 00:20:31,600
Jade houses. 
A full-color camera allowing for

356
00:20:31,600 --> 00:20:34,200
fully are gaps. 
Bitcoin transactions can and 

357
00:20:34,200 --> 00:20:37,800
display QR codes directly on the
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358
00:20:37,800 --> 00:20:40,600
verify addresses. 
With ease, use your block 

359
00:20:40,600 --> 00:20:42,800
stream. 
Jade with your favorite wallet 

360
00:20:42,800 --> 00:20:46,200
software such as the block 
stream, green, blue wallet. 

361
00:20:46,300 --> 00:20:50,100
Sturm and Sparrow get yourself a
block stream Jade today and take

362
00:20:50,100 --> 00:20:54,400
self custody of your Bitcoin. 
Remember guys, not your keys. 

363
00:20:54,400 --> 00:20:57,400
Not your Bitcoin. 
Anyways everybody takes off 

364
00:20:57,400 --> 00:21:00,400
custody do it now. 
Anyways, everybody, so check 

365
00:21:00,400 --> 00:21:02,400
this out. 
This article drop by Asia 

366
00:21:02,400 --> 00:21:06,700
markets.com, exclusive Swift 
payments network access cut to 

367
00:21:06,700 --> 00:21:08,900
crypto exchanges. 
Let's check out what the Swift 

368
00:21:09,200 --> 00:21:12,600
the Swift network is in the 
first place because then you 

369
00:21:12,600 --> 00:21:14,000
know, it kind of doesn't make 
sense. 

370
00:21:14,000 --> 00:21:16,000
So let's give a little bit of 
context, right? 

371
00:21:16,300 --> 00:21:20,200
So first of all, it stands for 
Society for worldwide interbank 

372
00:21:20,200 --> 00:21:21,900
Financial. 
Telecommunication. 

373
00:21:22,000 --> 00:21:26,100
Right is a Belgian Cooperative 
Society, providing Services 

374
00:21:26,100 --> 00:21:28,700
related to the execution of 
financial transactions and 

375
00:21:28,700 --> 00:21:31,000
payments between Banks 
worldwide, right? 

376
00:21:31,100 --> 00:21:34,500
Typically if it's a domestic 
transfer you don't you don't you

377
00:21:34,500 --> 00:21:36,000
don't really use the Swift 
system. 

378
00:21:36,000 --> 00:21:42,000
But for international banking 
transactions, you will use Swift

379
00:21:42,000 --> 00:21:44,000
more than like more than likely,
okay? 

380
00:21:44,200 --> 00:21:48,500
So as of 2018 around, If of 
high-value cross-border payments

381
00:21:48,500 --> 00:21:53,000
worldwide used Network and in 
2015, Swift linked more than 

382
00:21:53,000 --> 00:21:58,300
11,000 11,000 financial 
institutions in over 200 

383
00:21:58,300 --> 00:22:01,600
countries and territories who 
were exchanging an average of 

384
00:22:01,600 --> 00:22:05,700
over 32 million messages per day
compared to an average of two 

385
00:22:05,700 --> 00:22:08,300
point, four million daily 
messages, in 1995. 

386
00:22:08,300 --> 00:22:12,300
So obviously it's a big deal and
it's a big system of which, you 

387
00:22:12,300 --> 00:22:15,200
know, facilitates a lot of 
international trade. 

388
00:22:15,200 --> 00:22:17,900
Both, let's check out. 
Happens is an article dropped 

389
00:22:17,900 --> 00:22:22,800
January, 21st 2023. 
It goes on to say Swift payment.

390
00:22:22,800 --> 00:22:27,300
So if payments network access 
cut to crypto exchanges, goes on

391
00:22:27,300 --> 00:22:29,000
to say an extraordinary 
decision. 

392
00:22:29,000 --> 00:22:31,300
Involving the global Swift 
payment Network could have 

393
00:22:31,300 --> 00:22:34,700
widespread implications on 
cryptocurrencies, Asia markets, 

394
00:22:34,700 --> 00:22:38,500
can reveal Banks, including New 
York, Signature Bank Lo longer 

395
00:22:38,500 --> 00:22:41,400
process fiat currency 
transaction to crypto currency 

396
00:22:41,400 --> 00:22:45,400
exchanges with a value of less 
than 100,000 via the Swift 

397
00:22:45,400 --> 00:22:47,900
Network. 
Effective from February 1st 

398
00:22:47,900 --> 00:22:54,000
2023. 
What what the f, right? 

399
00:22:56,100 --> 00:22:57,700
Hold on a second, hold on a 
second. 

400
00:22:58,100 --> 00:23:05,200
So, These are the same people 
virtue signaling that like they 

401
00:23:05,200 --> 00:23:11,700
want inclusivity and and you 
know, equality and all those 

402
00:23:11,700 --> 00:23:15,600
things. 
And you know, words are cheap 

403
00:23:15,600 --> 00:23:19,500
actions are real, right? 
Anyways, the move will thwart 

404
00:23:19,500 --> 00:23:22,000
cryptocurrency. 
Access to potentially thousands 

405
00:23:22,000 --> 00:23:24,500
of customers. 
One of the first crypto Giants 

406
00:23:24,500 --> 00:23:26,100
to notify users of the 
development. 

407
00:23:26,100 --> 00:23:28,500
This weekend has been the 
world's largest exchange by 

408
00:23:28,500 --> 00:23:31,000
Nance quote. 
The banking Partner that 

409
00:23:31,000 --> 00:23:34,000
Services, your account has 
advised, that they are no longer

410
00:23:34,000 --> 00:23:36,600
able to process. 
Swift Fiat transactions for 

411
00:23:36,600 --> 00:23:39,500
individuals of less than 100 
thousand USD. 

412
00:23:39,800 --> 00:23:44,100
As of February 1st 2023, this is
the case for all their crypto 

413
00:23:44,100 --> 00:23:46,200
exchange clients at Finance 
quote. 

414
00:23:46,300 --> 00:23:49,400
Please be advised, that until we
were able to find an alternative

415
00:23:49,400 --> 00:23:52,300
solution. 
It's going to be difficult, you 

416
00:23:52,300 --> 00:23:55,800
may not be able to use your bank
account to buy and sell crypto 

417
00:23:55,800 --> 00:23:59,900
with USD via Swift, with a value
of less than a hundred thousand 

418
00:23:59,900 --> 00:24:03,600
USD. 
D update, goes on to say, one of

419
00:24:03,600 --> 00:24:06,700
our Fiat banking Partners, 
Silver Gate bank has advised 

420
00:24:06,700 --> 00:24:09,700
that it will no longer support 
any of its crypto exchange 

421
00:24:09,700 --> 00:24:11,800
customers with buying and 
selling amounts of less than a 

422
00:24:11,800 --> 00:24:14,700
hundred thousand. 
As of February 1st 2023, this is

423
00:24:14,700 --> 00:24:17,600
the case for all their crypto 
exchange clients, quote as a 

424
00:24:17,600 --> 00:24:19,600
result. 
Some individual users may not be

425
00:24:19,600 --> 00:24:23,500
able to use Swift Bank transfers
to buy or sell crypto with for 

426
00:24:23,500 --> 00:24:27,400
USD for amounts less than 
100,000 growing concerns. 

427
00:24:27,400 --> 00:24:30,600
Although Swift is the world's 
most critical Financial Your 

428
00:24:30,608 --> 00:24:33,800
network facilitating trillions 
worth of international money 

429
00:24:33,800 --> 00:24:37,200
settlements daily. 
It is a somewhat secretive 

430
00:24:37,300 --> 00:24:41,000
Belgian base Cooperative right 
there. 

431
00:24:41,000 --> 00:24:44,800
That's the dagger here. 
That remember they call a 

432
00:24:44,800 --> 00:24:49,400
shadowy super coders, remember 
they say that, what we do is in 

433
00:24:49,400 --> 00:24:53,000
the shadows, well, I'm going to 
say, is there off? 

434
00:24:53,000 --> 00:24:54,800
You skating and they're 
projecting? 

435
00:24:54,800 --> 00:24:57,500
What it is? 
They do themselves, right? 

436
00:24:57,500 --> 00:25:00,400
Remember as sweat and says, in 
the article. 

437
00:25:00,500 --> 00:25:02,800
If was in the headlines 
following the outbreak of war in

438
00:25:02,800 --> 00:25:04,700
Ukraine. 
Last year, when the United 

439
00:25:04,700 --> 00:25:08,200
States and its allies cut off 
Russia from the network, right? 

440
00:25:08,200 --> 00:25:12,200
So obviously Swift is 
politically controlled who was 

441
00:25:12,200 --> 00:25:15,200
behind this decision, but it's 
not only Swift, right? 

442
00:25:15,200 --> 00:25:18,500
Swift is very important, right? 
We got into the details of it. 

443
00:25:18,500 --> 00:25:22,000
It's also domestic US Banks as 
well, and this has been 

444
00:25:22,000 --> 00:25:25,600
happening for quite a while now.
JPMorgan Chase shout out Jamie 

445
00:25:25,600 --> 00:25:28,900
Dylon reportedly shuts, down 
bank accounts of Bitcoin mining 

446
00:25:28,900 --> 00:25:30,300
firm. 
It goes. 

447
00:25:30,500 --> 00:25:33,200
To say, shout out to chase for 
shutting down Compass mining 

448
00:25:33,200 --> 00:25:36,400
accounts for doing our part to 
replace the old guard, with self

449
00:25:36,400 --> 00:25:39,200
Sovereign, future-focused 
supporters of hard money, get 

450
00:25:39,200 --> 00:25:41,900
behind Bitcoin or get out of the
way, right? 

451
00:25:41,900 --> 00:25:44,600
Of course, Compass mining does 
not have a good reputation but 

452
00:25:44,600 --> 00:25:48,600
it's not only you know, Compass 
mining that you know did some 

453
00:25:48,800 --> 00:25:53,700
questionable, ethical things to 
say the least to put it to put 

454
00:25:53,700 --> 00:25:56,400
it gently, right? 
It's also just the Everett, you 

455
00:25:56,400 --> 00:25:59,300
know, the average everyday 
person says major US Banks 

456
00:25:59,500 --> 00:26:02,900
hostile towards Bitcoin Accounts
at risk of closure 

457
00:26:03,000 --> 00:26:06,300
cryptocurrency, businesses 
prohibited goes on to say, we 

458
00:26:06,300 --> 00:26:09,500
went undercover to try open. 
This is from an article from 

459
00:26:09,500 --> 00:26:11,300
crypto slate for audio 
listeners. 

460
00:26:11,700 --> 00:26:15,500
It goes on to say we went, we 
went undercover to try and open 

461
00:26:15,500 --> 00:26:18,900
accounts that are four of our 
largest US Banks, telling them 

462
00:26:18,900 --> 00:26:22,000
ahead of time that we will use 
the account to buy and sell 

463
00:26:22,000 --> 00:26:26,200
Bitcoin on coinbase. 
It goes on to say the verdict is

464
00:26:26,200 --> 00:26:29,500
in personal accounts are at risk
of being closed and accounts for

465
00:26:29,500 --> 00:26:32,000
cryptocurrency related 
businesses are all right. 

466
00:26:32,000 --> 00:26:36,600
Prohibited goes on to say, u.s. 
banks of the six US Banks, we 

467
00:26:36,600 --> 00:26:39,300
visited US Bank was the most 
hostile towards opening an 

468
00:26:39,308 --> 00:26:42,100
account that deals in crypto 
currency, you have Bank of 

469
00:26:42,100 --> 00:26:45,000
America. 
Quote, crypto currency exchanges

470
00:26:45,000 --> 00:26:46,900
are digital currency exchanges 
or businesses. 

471
00:26:46,900 --> 00:26:49,900
That allow current customers to 
trade cryptocurrencies virtue or

472
00:26:49,900 --> 00:26:53,500
digital currency for other 
assets has Wells Fargo in this 

473
00:26:53,500 --> 00:26:55,200
list. 
Has Chase Bank. 

474
00:26:55,200 --> 00:26:58,200
Chase Bank specifically says, 
quote opening a cryptocurrency 

475
00:26:58,200 --> 00:27:00,300
account for businesses is 
prohibited. 

476
00:27:00,800 --> 00:27:03,700
So you get the point that I'm 
trying to say, right? 

477
00:27:03,700 --> 00:27:08,700
This is obviously, you know, the
established players are just not

478
00:27:08,700 --> 00:27:11,800
are just not friendly towards 
the industry, right? 

479
00:27:11,800 --> 00:27:16,200
And I think that they're using a
lot of, a lot of what happened 

480
00:27:16,200 --> 00:27:20,500
with ft x as an excuse, as a 
justification, for a lot of 

481
00:27:20,500 --> 00:27:23,800
these actions. 
But I think, I think the Swift 

482
00:27:24,000 --> 00:27:28,000
Left is a major escalation of 
those things, right? 

483
00:27:28,000 --> 00:27:30,000
So man, I don't know how this 
ends. 

484
00:27:30,100 --> 00:27:34,600
I don't know where this goes. 
But I don't know. 

485
00:27:34,600 --> 00:27:36,100
Opti does this surprise you at 
all? 

486
00:27:38,000 --> 00:27:40,600
Not at all. 
I mean, it's like what 

487
00:27:40,600 --> 00:27:42,000
everyone's saying in the chat, 
man? 

488
00:27:42,000 --> 00:27:44,800
Like they're scared and they're 
trying to cut off the Escape 

489
00:27:44,800 --> 00:27:46,500
Routes. 
I think though the most 

490
00:27:46,500 --> 00:27:48,800
surprising part of that is that 
hundred K? 

491
00:27:48,800 --> 00:27:53,700
Minimum statute there. 
It's like if you're rich then by

492
00:27:53,700 --> 00:27:55,500
all means, like you can do what 
you want with your money. 

493
00:27:55,500 --> 00:27:58,100
Like this is to protect you 
little citizen, you know? 

494
00:27:58,100 --> 00:28:01,000
Like if you don't have if you 
don't have money to speculate 

495
00:28:01,000 --> 00:28:02,900
then then we're helping you out 
by it. 

496
00:28:03,100 --> 00:28:05,800
Showing that you can't use the, 
the network. 

497
00:28:05,800 --> 00:28:08,500
But I mean, I think this is just
what we've been saying for a 

498
00:28:08,500 --> 00:28:10,100
while. 
Remember what Christine Lagarde 

499
00:28:10,100 --> 00:28:13,300
said, if there's an escape, 
people will use it and so 

500
00:28:13,300 --> 00:28:17,100
they're just trying to figure 
out ways to stop the stop, you 

501
00:28:17,100 --> 00:28:21,100
know, average citizens from 
escaping debasement, escaping 

502
00:28:21,100 --> 00:28:23,700
the Fiat system. 
And then also to, like, put some

503
00:28:23,700 --> 00:28:26,800
dots together of what we've been
talking about on this show for a

504
00:28:26,808 --> 00:28:29,200
long time. 
I mean now just think about 

505
00:28:29,200 --> 00:28:33,800
these people, these very same, 
you know, the Very same class of

506
00:28:33,800 --> 00:28:36,400
people that are doing this are 
the ones that are telling you 

507
00:28:36,400 --> 00:28:38,500
that they want to have a global 
CBC. 

508
00:28:39,000 --> 00:28:42,500
And so you already know where 
they're going to go down like 

509
00:28:42,500 --> 00:28:45,000
you already know what path they 
really want for you. 

510
00:28:45,000 --> 00:28:47,500
The average person they don't 
want you to be using Freedom 

511
00:28:47,500 --> 00:28:50,200
money and this is why we tell 
you guys consistently to take 

512
00:28:50,200 --> 00:28:54,600
Bitcoin into South custody use, 
you know, Pine Moon Breeze, blew

513
00:28:54,600 --> 00:28:57,700
wallet, green wallet, seed 
signer, cold card, Jade, 

514
00:28:58,000 --> 00:29:02,300
Sparrow, Specter, Zeus like you 
need to use these tools, these 

515
00:29:02,300 --> 00:29:04,900
Freedom tools Because we have 
them at our disposal. 

516
00:29:04,900 --> 00:29:09,300
Now you just download them for 
free or buy yourself a hardware 

517
00:29:09,300 --> 00:29:12,200
signing device and then tell 
other people to do the same 

518
00:29:12,200 --> 00:29:17,000
thing because if they are doing 
this on the Legacy system, just 

519
00:29:18,400 --> 00:29:20,700
imagine what they're going to do
when they try to usher in a 

520
00:29:20,700 --> 00:29:24,200
whole new system that literally 
gives them complete control over

521
00:29:24,200 --> 00:29:26,500
every single transaction that 
you make. 

522
00:29:26,500 --> 00:29:30,800
Like this is why Bitcoin was 
created and like, am I surprised

523
00:29:30,800 --> 00:29:35,900
not at all, they're absolutely. 
I'd because we know that Bitcoin

524
00:29:35,900 --> 00:29:39,400
is continuously winning Bitcoin 
is going into the mainstream 

525
00:29:39,400 --> 00:29:42,600
Consciousness and more people 
are waking up to the scam that 

526
00:29:42,600 --> 00:29:47,000
is the status quo. 
So, you know, again, Bitcoin is 

527
00:29:47,000 --> 00:29:49,300
just a winning. 
As Nikka says all the time on 

528
00:29:49,300 --> 00:29:52,300
this show, the Bitcoin 
incentives are just so strong 

529
00:29:52,300 --> 00:29:54,900
that people are opting out of 
the system and the trying to 

530
00:29:54,900 --> 00:29:58,600
back claw. 
Any of that control as possible.

531
00:29:58,600 --> 00:30:02,800
So of course they're going to 
try to stop the leakage from the

532
00:30:03,000 --> 00:30:06,700
That system going into the 
Bitcoin Network or, you know, 

533
00:30:06,700 --> 00:30:10,100
into the shit coin space to to 
help protect the little guy. 

534
00:30:10,100 --> 00:30:14,800
So I'm not surprised at all. 
Obviously this is terrifying if 

535
00:30:14,800 --> 00:30:18,400
you really like lead it down to 
the logical conclusions of like 

536
00:30:18,400 --> 00:30:24,200
oh wait the Fiat system can 
literally shut me off at will 

537
00:30:24,300 --> 00:30:27,100
and this is why we Bitcoin. 
This is why we show up every 

538
00:30:27,100 --> 00:30:29,500
single day to tell you guys to 
take Bitcoin in South custody. 

539
00:30:29,500 --> 00:30:32,600
This is why we continuously 
counter the Legacy Media flood 

540
00:30:32,600 --> 00:30:35,800
because Because Bitcoin is a 
solution and anyone that is not 

541
00:30:35,800 --> 00:30:37,300
telling you to take Bitcoin in 
the self. 

542
00:30:37,300 --> 00:30:39,300
Custody is suspect in my 
opinion. 

543
00:30:39,500 --> 00:30:42,400
So what are we going to do? 
We're going to continuously tell

544
00:30:42,400 --> 00:30:45,200
people to take Bitcoin and self 
custody and give you guys the 

545
00:30:45,200 --> 00:30:47,800
tools. 
So hey man am I surprised not 

546
00:30:47,800 --> 00:30:51,700
really? 
As I said we are in Peak clown 

547
00:30:51,700 --> 00:30:53,300
world now and how long will that
go? 

548
00:30:53,300 --> 00:30:56,700
Who knows? 
But it's going to be interesting

549
00:30:56,700 --> 00:30:59,700
to see because like this is an 
escalation like the Swift thing 

550
00:30:59,700 --> 00:31:02,800
is huge news, right? 
But we, it's supposedly, it's 

551
00:31:03,000 --> 00:31:06,300
Only Signature Bank. 
Let's see if more detailed like 

552
00:31:06,400 --> 00:31:09,100
let's say if it's the Swift 
thing in general. 

553
00:31:09,100 --> 00:31:12,600
And I think that if that's the 
case that is a major deal 

554
00:31:12,600 --> 00:31:18,800
specifically for international 
users trying to send Fiat 222 

555
00:31:18,800 --> 00:31:22,900
you know the shit coin casino 
which is financed right and and 

556
00:31:23,100 --> 00:31:26,300
will that eventually affect 
other exchanges as well, you 

557
00:31:26,300 --> 00:31:28,900
know, potentially Bitcoin 
exchanges is this something to 

558
00:31:28,900 --> 00:31:33,300
keep, you know, to keep on top 
of and and again, if If it was 

559
00:31:33,300 --> 00:31:36,600
just by itself, if this news was
just standing by itself, I don't

560
00:31:36,600 --> 00:31:37,800
think it would be that big of a 
deal. 

561
00:31:37,800 --> 00:31:41,400
But the fact that you have a 
pattern from other Banks, right 

562
00:31:41,400 --> 00:31:42,500
was j.p. 
Morgan. 

563
00:31:42,500 --> 00:31:45,400
You have Bank of America you 
have Wells Fargo that have been 

564
00:31:45,400 --> 00:31:50,200
openly hostile towards Bitcoin 
businesses and people just 

565
00:31:50,200 --> 00:31:52,600
purchasing Bitcoin from their 
personal accounts. 

566
00:31:52,600 --> 00:31:54,900
I think is alarming. 
And I think it's something to 

567
00:31:54,900 --> 00:31:56,800
stay on top of and to be aware 
of. 

568
00:31:56,800 --> 00:32:00,400
And guys, this is part of it. 
This is part of the separation 

569
00:32:00,400 --> 00:32:02,400
of money and state. 
This is part of the peaceful 

570
00:32:02,400 --> 00:32:04,300
Revolution. 
Ian will stay on top of it 

571
00:32:04,300 --> 00:32:05,900
because that's what we do at 
simply Bitcoin. 

572
00:32:05,900 --> 00:32:07,800
Anyways everybody let's get to 
the culture. 

573
00:32:11,100 --> 00:32:16,500
The daily culture brought to you
by Swan Bitcoin.com, Swan is the

574
00:32:16,500 --> 00:32:19,800
best way to build your Bitcoin 
stack with automated Bitcoin 

575
00:32:19,800 --> 00:32:23,500
savings plans and instant 
purchases serving clients of any

576
00:32:23,500 --> 00:32:26,800
size from ten dollars to ten 
million dollars. 

577
00:32:26,800 --> 00:32:30,300
We love Swan because they 
incentivize self custody and 

578
00:32:30,300 --> 00:32:33,300
dollar cost averaging. 
What do you waiting for visit? 

579
00:32:33,300 --> 00:32:37,900
Swan Bitcoin.com today. 
All right guys. 

580
00:32:38,200 --> 00:32:41,600
So as I told you in the 
beginning and I brought this up 

581
00:32:41,600 --> 00:32:46,300
in the past, I read the brains 
Bitcoin, mining handbook, I 

582
00:32:46,300 --> 00:32:50,700
don't know what it was like a 
month or two ago and the intro. 

583
00:32:51,400 --> 00:32:54,800
As a headline here is Bitcoin, 
mining is not solving complex 

584
00:32:54,800 --> 00:32:56,700
math problems, a beginner's 
guide. 

585
00:32:57,600 --> 00:33:01,900
I think this is one of the great
great illustrations and and ways

586
00:33:01,900 --> 00:33:05,800
to explain Bitcoin mining and 
there's continuously still a lot

587
00:33:05,800 --> 00:33:10,100
of people that parody the Idea 
that Bitcoin mining is solving 

588
00:33:10,100 --> 00:33:14,000
complex math problems and 
obviously the Fiat system, the 

589
00:33:14,000 --> 00:33:19,100
Legacy Media continuously uses 
that that description to 

590
00:33:19,700 --> 00:33:24,400
denigrate Bitcoin, to energy use
and and try to angle proof of 

591
00:33:24,400 --> 00:33:28,600
work as being wasteful. 
And, you know, tried to ensure 

592
00:33:28,600 --> 00:33:32,600
that our consensus models get 
moved, the proof of steak, but I

593
00:33:32,600 --> 00:33:37,600
think it's upon us to 
continuously try to illustrate 

594
00:33:37,600 --> 00:33:40,200
the best Way so people 
understand what's going on in 

595
00:33:40,200 --> 00:33:45,300
Bitcoin and we're continuously 
hearing the same same meme of 

596
00:33:45,300 --> 00:33:47,600
Bitcoin solving complex math 
problems. 

597
00:33:47,600 --> 00:33:52,700
So I'm here on the brains blog. 
This is also on the Bitcoin 

598
00:33:52,700 --> 00:33:55,100
mining handbook that they 
released and this is where I 

599
00:33:55,100 --> 00:33:56,700
first heard it. 
And then I saw that they 

600
00:33:56,700 --> 00:34:00,000
actually release this on their 
website so I can bring it up to 

601
00:34:00,000 --> 00:34:02,400
you guys. 
So that not only I spread the 

602
00:34:02,408 --> 00:34:05,900
signal but more people that are 
new to the channel, understand 

603
00:34:05,900 --> 00:34:08,400
what is actually going on. 
So again Bitcoin mining is Not 

604
00:34:08,400 --> 00:34:11,500
solving complex, math problems. 
A beginner's guide Bitcoin 

605
00:34:11,500 --> 00:34:14,500
mining and difficulty 
adjustments, explain, and not 

606
00:34:14,500 --> 00:34:18,300
non-technical terms using a 
simple dice analogy and I love 

607
00:34:18,300 --> 00:34:20,600
this analogy and this is why I 
wanted to bring it up to the 

608
00:34:20,600 --> 00:34:22,400
show. 
Like I tell you guys you know I 

609
00:34:22,400 --> 00:34:25,699
have friends and family that 
that watch the show and they're 

610
00:34:25,699 --> 00:34:29,300
still all confused again. 
Going back to some Basics so 

611
00:34:29,300 --> 00:34:32,600
hopefully more people can get up
anyways, most people 

612
00:34:32,600 --> 00:34:35,100
misunderstand what Bitcoin 
miners actually do. 

613
00:34:35,100 --> 00:34:37,600
And as a result, they don't 
fully grasp the level of 

614
00:34:37,600 --> 00:34:40,100
security. 
Provided by Bitcoins hash rate 

615
00:34:40,100 --> 00:34:42,699
and this article will explain 
proof-of-work encounter the 

616
00:34:42,708 --> 00:34:44,800
misinformation about 
supercomputers and quantum 

617
00:34:44,800 --> 00:34:47,199
computers attacking the Bitcoin 
Network in the future. 

618
00:34:47,199 --> 00:34:50,400
So simply put mining is a 
lottery to create new blocks in 

619
00:34:50,400 --> 00:34:53,199
the big point. 
Blockchain and there are two 

620
00:34:53,199 --> 00:34:55,800
main purposes to permanently, 
add transaction to the 

621
00:34:55,800 --> 00:34:59,400
blockchain without permission of
any entity and to, to fairly 

622
00:34:59,400 --> 00:35:01,500
distribute. 
The 21 million Bitcoins Supply 

623
00:35:01,500 --> 00:35:04,800
by rewarding under to spend 
real-world resources, IE 

624
00:35:04,800 --> 00:35:07,000
electricity to secure the 
network. 

625
00:35:07,000 --> 00:35:09,600
So to understand what is Sleepy 
happening in this Lottery 

626
00:35:09,600 --> 00:35:11,700
system. 
It's like the simple analogy 

627
00:35:11,700 --> 00:35:15,300
where every Bitcoin hash is 
equivalent to a dice roll. 

628
00:35:15,600 --> 00:35:17,800
Imagine that miners in the 
Bitcoin Network are all 

629
00:35:17,800 --> 00:35:21,300
individuals gambling at a casino
in this example, each of these 

630
00:35:21,300 --> 00:35:25,100
gamblers have a 1000 sided dice,
they roll their diet as quickly 

631
00:35:25,100 --> 00:35:28,300
as possible trying to get a 
number less than 10. 

632
00:35:28,500 --> 00:35:31,300
Statistically, this may take a 
very long time, but as more 

633
00:35:31,300 --> 00:35:33,900
gamblers, joined the game, the 
time it takes to hit a number 

634
00:35:33,900 --> 00:35:36,600
less than 10 get three. 
Deuce in short, more gamblers 

635
00:35:36,600 --> 00:35:39,700
equals quicker round Once 
somebody successfully rolls a 

636
00:35:39,700 --> 00:35:42,600
number lesson 10 all gamblers at
the table can look down and 

637
00:35:42,600 --> 00:35:44,900
verify the number. 
This lucky Gambler takes the 

638
00:35:44,900 --> 00:35:47,100
prize money and the next round 
begins. 

639
00:35:47,300 --> 00:35:49,300
Ultimately, the process of 
mining. 

640
00:35:49,300 --> 00:35:52,400
Bitcoin is very similar, all 
minors on the network are using 

641
00:35:52,400 --> 00:35:55,100
a 6 which are specialized 
computers designed to compute 

642
00:35:55,100 --> 00:35:58,400
hashes as quickly as possible. 
And to compute a hash simply 

643
00:35:58,400 --> 00:36:01,300
means plugging in any random 
input into a mathematical 

644
00:36:01,300 --> 00:36:04,600
function and producing an 
output, more hashes per second. 

645
00:36:04,600 --> 00:36:07,600
I you hire hash rate is 
equivalent to more dice rolls 

646
00:36:07,600 --> 00:36:11,400
per second That's a greater 
probability of success, miners 

647
00:36:11,400 --> 00:36:15,100
propose, a potential Bitcoin 
block of transactions and use 

648
00:36:15,100 --> 00:36:17,100
this for an input. 
The block is plugged into a 

649
00:36:17,108 --> 00:36:21,100
sha-256 hash function which 
yields a fixed size output known

650
00:36:21,100 --> 00:36:23,700
as a hash. 
A single hash can be computed in

651
00:36:23,700 --> 00:36:26,800
less than a millisecond as it 
involves no complex math. 

652
00:36:27,100 --> 00:36:30,200
All that is saying is that these
A6 are literally spitting out 

653
00:36:30,200 --> 00:36:36,500
numbers and, and trying to, as 
the showing roll the correct 

654
00:36:36,800 --> 00:36:39,800
number on the dice or lower. 
Third lower number than 10 in 

655
00:36:39,800 --> 00:36:41,900
this analogy of a thousand sided
dice. 

656
00:36:41,900 --> 00:36:44,200
So if the hash value is lower 
than the Bitcoin Network 

657
00:36:44,200 --> 00:36:47,100
difficulty than the minor who 
proposed a block wins, if not, 

658
00:36:47,100 --> 00:36:50,400
then the minor continues Trying 
by Computing, more hashes, it 

659
00:36:50,400 --> 00:36:53,100
successful miners, block is an 
added to the blockchain. 

660
00:36:53,200 --> 00:36:56,000
The miners rewarded with newly 
issued, Bitcoin for the work and

661
00:36:56,000 --> 00:37:01,000
the next round begins. 
And here they use a, the analogy

662
00:37:01,000 --> 00:37:04,300
to counter the misinformation 
about quantum computers. 

663
00:37:04,300 --> 00:37:07,600
And supercomputers so assigning 
the most powerful supercomputers

664
00:37:07,600 --> 00:37:09,800
to mind. 
Coin would be comparable to 

665
00:37:09,800 --> 00:37:12,400
hiring a Grandmaster chess 
player to move a pile of Bricks 

666
00:37:12,400 --> 00:37:14,000
by hand. 
The job would get done 

667
00:37:14,000 --> 00:37:16,500
eventually but the just chess 
player is better at playing 

668
00:37:16,500 --> 00:37:19,900
chess and exerting energy, 
repeatedly breaks likewise 

669
00:37:19,900 --> 00:37:22,700
combining the computing power of
the most powerful supercomputers

670
00:37:22,700 --> 00:37:24,600
in the world and using them to 
mine. 

671
00:37:24,600 --> 00:37:27,200
Bitcoin would essentially be 
pointless when compared to a 

672
00:37:27,200 --> 00:37:29,100
sick machines used. 
Today. 

673
00:37:29,400 --> 00:37:31,800
Asics are designed to do one 
thing as quickly and efficiently

674
00:37:31,800 --> 00:37:33,700
as possible. 
Whereas a supercomputer is 

675
00:37:33,700 --> 00:37:36,200
designed to do complicated tasks
or math problems. 

676
00:37:36,500 --> 00:37:39,700
Since Bitcoin mining is a lot 
Hurry based on random trial and 

677
00:37:39,700 --> 00:37:41,400
error, rather than complex, 
math. 

678
00:37:41,400 --> 00:37:44,200
Specialization a six, beats 
General, excellent. 

679
00:37:44,200 --> 00:37:47,700
Supercomputers every time. 
Now, let's get into the 

680
00:37:47,700 --> 00:37:50,200
difficulty adjustment and the 10
minute block time. 

681
00:37:50,300 --> 00:37:52,800
Now that you understand the 
randomness of miners, finding it

682
00:37:52,800 --> 00:37:55,000
block, it is important to 
understand block times and 

683
00:37:55,000 --> 00:37:57,000
difficulty and are gambling 
example. 

684
00:37:57,000 --> 00:37:59,900
Imagine that, anybody can join 
or leave the table at any time. 

685
00:37:59,900 --> 00:38:03,000
If one person is rolling 1000 
sided die trying to get less 

686
00:38:03,000 --> 00:38:05,800
than a 10, it will take them an 
average of ten minutes to hit 

687
00:38:05,800 --> 00:38:07,400
the number. 
Sometimes, I'll hit in one 

688
00:38:07,400 --> 00:38:11,100
minute other 10:34 new person 
steps up to the table and starts

689
00:38:11,100 --> 00:38:14,100
rolling collectively. 
It would take them an average of

690
00:38:14,100 --> 00:38:15,900
five minutes for somebody to win
around. 

691
00:38:15,900 --> 00:38:19,600
If 20 people step up this time 
is shortened and in order to 

692
00:38:19,600 --> 00:38:22,400
keep the game interesting, we 
want an average winter every 10 

693
00:38:22,400 --> 00:38:24,100
minutes. 
So to do this, we can simply 

694
00:38:24,200 --> 00:38:26,700
adjust the dice Target as 
additional Gambler. 

695
00:38:26,700 --> 00:38:29,200
Step up to the table. 
The rules will change EG 

696
00:38:29,200 --> 00:38:32,400
gamblers must now roll number 
less than 5 to win so that the 

697
00:38:32,400 --> 00:38:34,100
average remains 10 minute per 
am. 

698
00:38:34,300 --> 00:38:36,700
As more gamblers, joined the 
casino makes winning harder. 

699
00:38:36,700 --> 00:38:40,000
If gamblers leave, they Make it 
easier, this is exactly what the

700
00:38:40,000 --> 00:38:42,600
Bitcoin Network, regulates 
mining to maintain a steady 

701
00:38:42,600 --> 00:38:46,000
issuance schedule of new Bitcoin
to get to that 21 million 

702
00:38:46,000 --> 00:38:49,000
Bitcoins miners compute hashes 
below the target difficulty, 

703
00:38:49,000 --> 00:38:53,300
every 10 minutes on average and 
every 2016 blocks roughly two 

704
00:38:53,300 --> 00:38:56,500
weeks average, for those blocks 
is calculated and the difficulty

705
00:38:56,500 --> 00:38:59,600
is just to bring back time, 
block times back to 10 minutes 

706
00:38:59,800 --> 00:39:03,300
and this is how we have a truly 
transparent supplied, the 

707
00:39:03,300 --> 00:39:06,200
difficulty adjustment to grat 
described above make Bitcoin, 

708
00:39:06,200 --> 00:39:08,000
the only asset with the truly 
fix. 

709
00:39:08,200 --> 00:39:10,900
Enough supplies schedule. 
Since Inception, we've known to 

710
00:39:10,900 --> 00:39:14,500
things there will never be more 
than 21 million Bitcoins and 

711
00:39:14,500 --> 00:39:16,600
every 10 minutes. 
More Bitcoin is usually issued 

712
00:39:16,600 --> 00:39:20,200
as we approach that 21 million 
number and every other industry,

713
00:39:20,200 --> 00:39:22,200
the supply fluctuate best on 
demand. 

714
00:39:22,300 --> 00:39:25,300
If demand increases then the 
manufacturer can increase 

715
00:39:25,300 --> 00:39:28,500
production to match the demand 
and Bitcoin supplies locked in 

716
00:39:28,500 --> 00:39:30,500
and cannot change. 
Therefore, demand and price are 

717
00:39:30,500 --> 00:39:34,600
tied more closely than any other
industry, our asset classes, and

718
00:39:34,600 --> 00:39:36,700
this sounds kind of dry, but it 
gets interesting. 

719
00:39:36,700 --> 00:39:37,900
When you try to understand what 
my nerves. 

720
00:39:38,100 --> 00:39:41,100
Do with the newly issue coins 
and the impact of this on the 

721
00:39:41,108 --> 00:39:46,100
market. 
So, I said that all that because

722
00:39:46,700 --> 00:39:49,600
not only is this a great article
and this is something that I 

723
00:39:49,600 --> 00:39:53,200
think many people are are 
misinformed about. 

724
00:39:53,300 --> 00:39:56,700
I really love the dice analogy 
and I think if we can 

725
00:39:56,700 --> 00:40:00,200
continuously try to illustrate 
two people, what Bitcoin mining 

726
00:40:00,200 --> 00:40:05,100
is is as simple as possible. 
Then more people will start to 

727
00:40:05,100 --> 00:40:09,000
understand why Bitcoin, why 
Bitcoin is do what they do. 

728
00:40:09,000 --> 00:40:15,400
Why Bitcoin miners are hashing 
Hashes for Bitcoin blocks like 

729
00:40:15,500 --> 00:40:19,000
it's a very simple process and 
more I hear people on the Legacy

730
00:40:19,000 --> 00:40:22,800
Media say that Bitcoin computers
are wasting energy because 

731
00:40:22,800 --> 00:40:25,000
they're solving complex math 
problems. 

732
00:40:25,200 --> 00:40:27,500
The more you can understand that
these people are completely 

733
00:40:27,500 --> 00:40:30,000
misinformed and they don't 
understand what Bitcoin is. 

734
00:40:30,000 --> 00:40:34,600
So again, just to use this 
analogy, I think this is 

735
00:40:34,600 --> 00:40:37,800
something that we can, we can 
continuously help our, our 

736
00:40:37,800 --> 00:40:41,000
normies friends, our friends, 
and family out there by trying 

737
00:40:41,000 --> 00:40:43,600
to break down Bitcoin, mining as
simple as Possible and I really 

738
00:40:43,600 --> 00:40:47,500
like this dice analogy, 1000 
sided die and all we're trying 

739
00:40:47,500 --> 00:40:49,700
to do is find a number lower 
than 10. 

740
00:40:49,900 --> 00:40:54,200
Like that's the best way I've 
heard about what Bitcoin mining 

741
00:40:54,200 --> 00:40:57,900
is and I think that we can 
continuously steal this Meme and

742
00:40:57,900 --> 00:40:59,700
spread it out there as far as 
possible. 

743
00:40:59,700 --> 00:41:02,900
So chefs out to the brains team 
for breaking down what Bitcoin 

744
00:41:02,900 --> 00:41:05,900
mining is in a very 
non-technical way because this 

745
00:41:05,900 --> 00:41:10,400
is all we're doing as Bitcoin as
we go, more into the mainstream 

746
00:41:10,400 --> 00:41:14,000
and more into the the popular 
Our Consciousness. 

747
00:41:14,200 --> 00:41:17,800
We're going to have to 
continuously tell people the 

748
00:41:17,800 --> 00:41:20,800
very same thing as they all, you
know, get up to speed of what 

749
00:41:20,800 --> 00:41:23,900
Bitcoin is. 
And again, I just love this 

750
00:41:23,900 --> 00:41:28,300
analogy and I saw that they drop
this article on their website so

751
00:41:28,300 --> 00:41:31,300
it's not just in a book form. 
It's out there on the internet 

752
00:41:31,300 --> 00:41:33,900
so more people can try to 
understand what's going on. 

753
00:41:34,100 --> 00:41:38,900
Anyways Mika, you are a Bitcoin 
miner or was a Bitcoin miner and

754
00:41:39,600 --> 00:41:42,700
I don't know what you think 
about this analogy and and how 

755
00:41:43,200 --> 00:41:46,400
How has your orange pill Journey
been telling people what it is, 

756
00:41:46,400 --> 00:41:50,400
glad that you covered this. 
Because, like most people, the 

757
00:41:50,400 --> 00:41:56,000
reality is, right that they 
don't get exposure to the 

758
00:41:56,000 --> 00:41:59,400
backend infrastructure side of 
Bitcoin, okay? 

759
00:41:59,700 --> 00:42:03,800
Their exposure is mostly As the 
user side, right? 

760
00:42:03,900 --> 00:42:08,900
And because of that people don't
have that detail that 

761
00:42:08,900 --> 00:42:12,700
appreciation and how unique 
Bitcoin. 

762
00:42:12,900 --> 00:42:17,100
Is compared to basically all the
other shit coins, right? 

763
00:42:17,100 --> 00:42:21,800
The fact is right that Bitcoins 
hash rate is like nothing comes 

764
00:42:21,800 --> 00:42:27,600
close and like if for example 
like sense sense sense a theory 

765
00:42:27,600 --> 00:42:31,700
a move to proof of stake. 
The last, the last stat that I 

766
00:42:31,708 --> 00:42:36,300
solve this was that, like, I 
think it's like, 93 or 94 

767
00:42:36,300 --> 00:42:40,100
percent of all proof-of-work 
mining right now is Bitcoin, 

768
00:42:40,400 --> 00:42:42,900
right? 
The hash rate what the hash Rate

769
00:42:42,900 --> 00:42:46,500
represents is an estimation of 
the amount of computational 

770
00:42:46,500 --> 00:42:50,800
power, actively backing, or 
mining, the Bitcoin Network, and

771
00:42:50,800 --> 00:42:53,600
in the process, right? 
Securing the Bitcoin Network. 

772
00:42:53,700 --> 00:42:56,900
So, if you wanted to 
computationally attack Bitcoin, 

773
00:42:57,100 --> 00:42:59,600
you would have to match its hash
rate. 

774
00:42:59,600 --> 00:43:04,700
And that hash rate continues to 
reach all-time highs even after 

775
00:43:04,700 --> 00:43:06,700
the Chinese Communist party 
Band. 

776
00:43:06,700 --> 00:43:08,300
Bitcoin mining within its 
borders. 

777
00:43:08,600 --> 00:43:12,700
Even after right? 
This Market downturn, people can

778
00:43:12,900 --> 00:43:16,600
Can you to mine Bitcoin and the 
more they minded the higher the 

779
00:43:16,600 --> 00:43:20,900
hash rate, the higher the hash 
rate the theoretically the more 

780
00:43:20,900 --> 00:43:24,100
secure the Bitcoin network is 
the more secure. 

781
00:43:24,100 --> 00:43:26,200
The Bitcoin network is the 
higher. 

782
00:43:26,200 --> 00:43:28,500
The value proposition of 
Bitcoin. 

783
00:43:28,800 --> 00:43:32,000
This thing is Unstoppable. 
You can't stop the honey badger.

784
00:43:32,000 --> 00:43:36,600
It's meant it's designed to be 
attack attacked. 

785
00:43:36,700 --> 00:43:39,400
So bring it on baby. 
Bring it on. 

786
00:43:39,700 --> 00:43:42,000
Bring it on, Bring it on. 
And now here you're not needed. 

787
00:43:42,000 --> 00:43:47,700
Here is like an Interesting type
of game theory, you know, Game 

788
00:43:47,700 --> 00:43:52,200
Theory type of thinking behind 
it, right? 

789
00:43:52,400 --> 00:43:59,000
Which is Even if let's say a 
hostile government accumulated, 

790
00:43:59,000 --> 00:44:02,300
you know, enough hash power 
right which you know, very 

791
00:44:02,300 --> 00:44:05,100
difficult to do that because of 
the centralization of Bitcoin 

792
00:44:05,100 --> 00:44:10,300
miners, it would just be more 
profitable for them, just to 

793
00:44:10,300 --> 00:44:12,500
mine it than, to try to attack 
it. 

794
00:44:12,600 --> 00:44:15,400
That's the beauty of Bitcoin. 
The incentives are aligned, and 

795
00:44:15,400 --> 00:44:17,000
I'm really glad that you covered
that. 

796
00:44:17,000 --> 00:44:20,500
And shout out to the brains 
teams, huge fan, right for 

797
00:44:20,500 --> 00:44:24,200
making that very easy, to very 
easy to read. 

798
00:44:24,400 --> 00:44:27,600
For the average everyday Bitcoin
ER that perhaps you weren't 

799
00:44:27,600 --> 00:44:30,600
exposed to that side of Bitcoin,
right? 

800
00:44:30,600 --> 00:44:33,600
The reality is it like I said 
earlier the reality is that most

801
00:44:33,600 --> 00:44:36,800
people get into Bitcoin as a 
user right? 

802
00:44:36,800 --> 00:44:39,500
They buy Bitcoin. 
They stack Bitcoin right? 

803
00:44:39,600 --> 00:44:43,600
The very few actually try to 
mine it but I do recommend it 

804
00:44:43,600 --> 00:44:47,800
like even if you think that 
you're not going to even if you 

805
00:44:47,800 --> 00:44:50,400
think it's not going to be 
necessarily very profitable, 

806
00:44:50,800 --> 00:44:53,100
right? 
Or that you're the eat because 

807
00:44:53,100 --> 00:44:54,200
you shouldn't approach it that 
way. 

808
00:44:54,300 --> 00:44:56,800
You should approach it as a 
learning experience, right? 

809
00:44:56,800 --> 00:44:59,800
Because that's really what 
that's you're not going to make 

810
00:44:59,800 --> 00:45:02,500
money mining. 
The first time has an extremely 

811
00:45:02,500 --> 00:45:06,600
high learning curve, right? 
But approach it from a, okay, 

812
00:45:06,600 --> 00:45:10,500
let me learn something about it.
Start with one S9, the very 

813
00:45:10,500 --> 00:45:13,100
cheap, right? 
Plug it in and see how it feels.

814
00:45:13,300 --> 00:45:15,000
You're either going to love it. 
You're going to be like this 

815
00:45:15,000 --> 00:45:17,500
isn't for me, but I do, try it 
out. 

816
00:45:17,500 --> 00:45:20,300
Give it a go, you're going to 
learn something about Bitcoin 

817
00:45:20,300 --> 00:45:22,200
that most people don't know 
about. 

818
00:45:22,300 --> 00:45:24,200
You're going to have an 
appreciation of Bitcoin. 

819
00:45:24,300 --> 00:45:28,100
That most people just never see 
and you're going to understand 

820
00:45:28,100 --> 00:45:33,600
that Bitcoin is backed by the 
largest decentralized Computing 

821
00:45:33,600 --> 00:45:36,300
Network in the world. 
So when someone tells you that 

822
00:45:36,300 --> 00:45:41,000
Bitcoin isn't backed by anything
clearly clearly, they don't know

823
00:45:41,000 --> 00:45:43,400
what the after talking about 
now, you know. 

824
00:45:43,400 --> 00:45:46,200
Now you know you should send 
them that Article 2 is great for

825
00:45:46,200 --> 00:45:49,700
those Thanksgiving discussions. 
Anyways, Opti, let's get to the 

826
00:45:49,700 --> 00:45:56,700
moon review, let's check it out.
The daily meme review brought to

827
00:45:56,700 --> 00:45:58,900
you by Kaboom racks. 
I get this question all the 

828
00:45:58,900 --> 00:45:59,600
time. 
Nico. 

829
00:45:59,600 --> 00:46:02,700
Where should I buy Bitcoin? 
Miners to answer is Kaboom 

830
00:46:02,700 --> 00:46:04,700
racks. 
It's the best place to buy 

831
00:46:04,700 --> 00:46:06,300
Bitcoin miners. 
That's where you're going to 

832
00:46:06,300 --> 00:46:09,500
find the best deals and the best
prices start. 

833
00:46:09,500 --> 00:46:12,200
Your mining Utopia today to 
check out their racks. 

834
00:46:12,200 --> 00:46:15,300
You got to go to T dot me, slash
Kaboom racks. 

835
00:46:15,300 --> 00:46:18,800
Join their telegram group and 
start your mining Journey today.

836
00:46:18,800 --> 00:46:24,400
Kaboom racks. 
Oh Man. 

837
00:46:25,100 --> 00:46:27,400
Kaboom right. 
All right, guys, you already 

838
00:46:27,400 --> 00:46:29,900
know this is the mean review. 
This is your favorite portion of

839
00:46:29,900 --> 00:46:33,200
the show continuously tag Us in 
the memes. 

840
00:46:33,200 --> 00:46:35,500
I will put them on the show 
tweets or the bullets mean for 

841
00:46:35,500 --> 00:46:38,000
the artillery. 
This is an information War. 

842
00:46:38,100 --> 00:46:40,600
So all the content creation out 
there. 

843
00:46:40,600 --> 00:46:43,400
I think it's a putting your hat 
in the ring. 

844
00:46:43,700 --> 00:46:47,100
And, you know, most most people 
on Twitter, they just absolutely

845
00:46:47,100 --> 00:46:50,200
love the memes, but continue to 
get the cause of actions out 

846
00:46:50,200 --> 00:46:51,700
there. 
Continue to put truth to our 

847
00:46:51,900 --> 00:46:55,300
That more people understand 
what's going on in Bitcoin and, 

848
00:46:55,400 --> 00:46:58,100
you know, a lot of people have 
ADD out there so that they need,

849
00:46:58,100 --> 00:47:00,400
they need the meme form, they 
need the memes out there. 

850
00:47:00,600 --> 00:47:05,300
So first one is by at BTC Delica
and he goes Bitcoin, not your 

851
00:47:05,300 --> 00:47:07,600
keys. 
Not your coin points down and 

852
00:47:07,600 --> 00:47:08,900
goes. 
Excuse me sir. 

853
00:47:09,200 --> 00:47:12,100
Did you withdraw your Bitcoin 
from exchanges and it's his dog 

854
00:47:12,100 --> 00:47:14,300
sticking his head through a 
little cat door. 

855
00:47:14,500 --> 00:47:17,500
Okay, this is this is what would
this is all we do every single 

856
00:47:17,500 --> 00:47:18,500
day. 
Next one. 

857
00:47:18,500 --> 00:47:21,300
Shout out the Maxis club and he 
goes to 84. 

858
00:47:21,400 --> 00:47:25,000
No. 
One and we got a mom and a son 

859
00:47:25,000 --> 00:47:28,600
or a child. 
At Story Time, Goes mom, tell me

860
00:47:28,600 --> 00:47:32,600
a scary story and the mother 
goes Fiat is backed by nothing 

861
00:47:32,900 --> 00:47:36,300
and no one cares. 
Absolutely terrifying. 

862
00:47:36,900 --> 00:47:39,100
That's the scariest thing I've 
ever heard. 

863
00:47:39,100 --> 00:47:41,400
And this is why we Bitcoin this 
next one. 

864
00:47:41,400 --> 00:47:45,600
Shouts out to our friend, Mike 
whole Barb AKA dr. 

865
00:47:45,600 --> 00:47:48,600
Doom. 
And this is a George Orwell 

866
00:47:48,600 --> 00:47:51,000
quote from 1984. 
And this is, I think, you know, 

867
00:47:51,900 --> 00:47:54,500
Is have to reiterate these kind 
of messages, because this is 

868
00:47:54,500 --> 00:47:58,600
where we are right now, football
beer and above all gambling, 

869
00:47:58,600 --> 00:48:01,900
filled up, the horizons of their
minds to keep them in control 

870
00:48:02,100 --> 00:48:05,100
was not difficult. 
This is the uphill battle that 

871
00:48:05,100 --> 00:48:10,000
has bitcoiners are continuously 
dealing with in everyday life. 

872
00:48:10,500 --> 00:48:14,500
It's very hard to convince 
someone to go into hard money 

873
00:48:14,500 --> 00:48:16,600
when they are following the 
bread. 

874
00:48:16,600 --> 00:48:20,800
And circuses next one by Ghost 
of MTC and he goes terrible 

875
00:48:20,800 --> 00:48:24,400
choice. 
But here We are and it's the 

876
00:48:24,400 --> 00:48:27,600
meme of this. 
Usually it's a super super hero 

877
00:48:27,600 --> 00:48:31,300
guy about the pick which button 
and it goes Embrace sound money 

878
00:48:31,300 --> 00:48:35,200
or hard for Humanity. 
And of course they want a hard 

879
00:48:35,200 --> 00:48:40,400
for Humanity and I forget who 
this guy is anyways, old rich 

880
00:48:40,400 --> 00:48:44,400
guy in a suit. 
This is this next one is by at 

881
00:48:44,400 --> 00:48:47,100
Bitcoin wisdom he goes I can't 
stop educating myself about 

882
00:48:47,100 --> 00:48:51,000
Bitcoin and we got Lisa early in
the morning, drinking some 

883
00:48:51,000 --> 00:48:53,900
coffee. 
The coffee is titled Bitcoin 

884
00:48:53,900 --> 00:48:56,700
podcast, Bitcoin, Twitter, and 
Bitcoin books. 

885
00:48:57,400 --> 00:49:01,700
And it's just me already all in 
continuously devouring the 

886
00:49:01,700 --> 00:49:04,100
Bitcoin content. 
This next one shuts out the 

887
00:49:04,100 --> 00:49:09,900
Copernicus at Copernicus. 
Son, 6 on Twitter and we got a 

888
00:49:09,900 --> 00:49:15,600
guy with a think he's bleeding. 
He's got a hole in his back and 

889
00:49:15,600 --> 00:49:20,200
it's got a Bitcoin logo and it 
goes I love you with all my SATs

890
00:49:20,300 --> 00:49:22,000
and his girl goes, huh? 
What? 

891
00:49:22,000 --> 00:49:24,700
And it goes heart. 
I love you with all my heart 

892
00:49:25,800 --> 00:49:27,700
Savage. 
All right, there's next one, 

893
00:49:27,700 --> 00:49:32,800
Allenby W, Nogales BTC a portal 
to a better world and I 

894
00:49:32,808 --> 00:49:37,300
absolutely love this meme. 
You know, it's a it's a guy 

895
00:49:37,300 --> 00:49:42,500
walking through a digital 
landscape and the door going 

896
00:49:42,500 --> 00:49:45,100
into the galaxy is the Bitcoin 
logo. 

897
00:49:45,100 --> 00:49:48,400
And I think this is a super 
super cool view, right here. 

898
00:49:48,400 --> 00:49:50,800
Love this art piece. 
Think he just put the Bitcoin 

899
00:49:50,800 --> 00:49:53,100
logo on another art? 
Peace, but I love it. 

900
00:49:53,100 --> 00:49:56,700
She's out to you Alan watch. 
Okay okay let's see. 

901
00:49:56,700 --> 00:50:01,100
Oh yeah I got my meme review. 
Score chat right here but drop 

902
00:50:01,100 --> 00:50:05,400
yours in the chat so that we can
cover it live on the show. 

903
00:50:05,800 --> 00:50:08,200
I've been holding onto this one.
Remember, I told you my sister 

904
00:50:08,200 --> 00:50:11,000
bought me a gag gift of a bunch 
of Bitcoin sticker. 

905
00:50:11,000 --> 00:50:17,600
So this one is I told you so 
with the Bitcoin logo and also, 

906
00:50:17,600 --> 00:50:26,700
it kind of has that like The 
Obama change branding on it. 

907
00:50:27,200 --> 00:50:29,400
Be the change. 
You want to see in the world. 

908
00:50:29,900 --> 00:50:31,100
Okay. 
Okay. 

909
00:50:31,200 --> 00:50:34,800
Alright Nica what is your mean? 
Boo scored my mean review score.

910
00:50:40,800 --> 00:50:44,500
PTC pins presents limited 
edition. 

911
00:50:45,500 --> 00:50:48,000
Father, hold it higher. 
Hold it, higher, you zoomed it 

912
00:50:48,000 --> 00:50:50,300
all. 
Look at that. 

913
00:50:52,600 --> 00:50:56,000
Shout out BTC pants. 
That's that's my that's me. 

914
00:50:56,000 --> 00:50:59,800
That's my meme review score. 
Anyways guys this is simply 

915
00:50:59,800 --> 00:51:04,100
Bitcoin live, I know, right? 
This is simply Bitcoin live so 

916
00:51:04,100 --> 00:51:07,700
while you guys drop us the meme 
score so we can read them live 

917
00:51:07,700 --> 00:51:10,500
on air. 
I want to give a shout-out to 

918
00:51:10,500 --> 00:51:12,600
our awesome clothing. 
Sponsor represent. 

919
00:51:12,600 --> 00:51:15,200
LTD.com I'm wearing the simply 
Bitcoin Merchant. 

920
00:51:15,200 --> 00:51:19,500
This hoodie is already sold out.
You guys were, you guys were 

921
00:51:19,500 --> 00:51:21,400
late, guys were late. 
You can take advantage of the 

922
00:51:21,400 --> 00:51:25,000
promo code, simply Dash Bitcoin 
Opti, show off the decentralize.

923
00:51:25,400 --> 00:51:27,100
The centralized hoodie that 
you're wearing. 

924
00:51:28,500 --> 00:51:31,100
Only a representing tv.com. 
You can use the promo code 

925
00:51:31,100 --> 00:51:33,700
simply Dash Bitcoin. 
Get a 10% discount. 

926
00:51:33,700 --> 00:51:37,200
Anything off the store. 
Don't forget to look at that. 

927
00:51:37,200 --> 00:51:38,700
It's beautiful. 
Awesome. 

928
00:51:38,800 --> 00:51:41,600
Awesome merch. 
Anyways, Opti, let's get to some

929
00:51:41,600 --> 00:51:50,000
of these scores are Opti Netflix
and chilling with Janet Yellen, 

930
00:51:50,000 --> 00:51:52,900
louder watching, Charlie and the
Chocolate Factory while she role

931
00:51:52,900 --> 00:52:00,900
plays an Oompa Loompa. 
I know how to say it now. 

932
00:52:00,900 --> 00:52:04,600
Haha, next one, the p man. 
Van I give the memes. 

933
00:52:04,600 --> 00:52:07,200
Christine, lagarde's Fiat, 
Prince eatable untrue. 

934
00:52:11,600 --> 00:52:17,100
Yeah. 
All right last one. 

935
00:52:17,100 --> 00:52:21,300
No, we got two more scores and 
then the buzzer by Jasmina. 

936
00:52:21,300 --> 00:52:23,500
I give the memes five chicken, 
tenders. 

937
00:52:23,500 --> 00:52:24,300
Very good. 
That's it. 

938
00:52:24,400 --> 00:52:27,600
That's my favorite. 
Chicken, 10, DS and E's and fill

939
00:52:27,600 --> 00:52:31,200
see, says I give the memes one 
SBF, I'm sorry. 

940
00:52:33,400 --> 00:52:35,900
And then I'm sorry the buzzer 
guys, check out the written 

941
00:52:35,900 --> 00:52:37,400
version. 
I'm so sorry show. 

942
00:52:37,400 --> 00:52:39,300
We're dropping hot fire. 
Check out. 

943
00:52:39,300 --> 00:52:42,800
Simply Bitcoin unfiltered W dot 
simply Bitcoin dot news. 

944
00:52:42,800 --> 00:52:46,500
Also check out Simply Bitcoins 
telegram telegram group has over

945
00:52:46,500 --> 00:52:50,500
700 people in their 
www.misnylaw.com plea, Bitcoin 

946
00:52:50,500 --> 00:52:55,400
TV, every Sunday. 
Also shout-out Darth is throwing

947
00:52:56,100 --> 00:52:59,600
a Twitter spaces, but on 
telegram. 

948
00:52:59,600 --> 00:53:01,800
So it's I think it's called a 
telegram spaces. 

949
00:53:01,800 --> 00:53:05,800
Anyways, if you guys need your 
fix of Simply Bitcoin jet, 

950
00:53:05,800 --> 00:53:09,400
definitely check out the 
telegram spaces, every Sunday, 

951
00:53:09,400 --> 00:53:11,500
shout-out Darth for Holding it 
down. 

952
00:53:11,500 --> 00:53:13,200
Anyways, everybody. 
We got a pub site. 

953
00:53:13,200 --> 00:53:19,200
Let's check it out. 
Websites brought to you by 

954
00:53:19,200 --> 00:53:23,000
Cipher safe, don't be that 
person that loses their Bitcoin 

955
00:53:23,000 --> 00:53:25,900
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Due to fire damage water damage 

956
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dog. 
Attacks back up your 

957
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generational Bitcoin wealth on 
steel and there's no better 

958
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place to do it then the cipher 
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959
00:53:36,800 --> 00:53:41,000
check out their new Bitcoin art 
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960
00:53:41,000 --> 00:53:48,600
only on Cipher safe dot IO. 
Oops, forgot to bring it up. 

961
00:53:48,900 --> 00:53:54,500
Alright guys, so today's site is
the Bitcoin Vortex.com. 

962
00:53:54,800 --> 00:53:58,500
So it shuts out the Neko. 
He hit me to this one but join 

963
00:53:58,500 --> 00:54:01,800
and represent yourself in the 
south Florida, Bitcoin Community

964
00:54:02,000 --> 00:54:04,500
As We Gather for our first 
Bitcoin more Tech. 

965
00:54:04,500 --> 00:54:06,800
They Confluence a Bitcoin 
meetups highlighting the 

966
00:54:06,808 --> 00:54:10,100
expanding efforts to bring 
education adaption to the future

967
00:54:10,100 --> 00:54:13,700
of money. 
So here's a bunch of the event 

968
00:54:13,700 --> 00:54:17,300
for the Bitcoin Vortex and and 
the Bitcoin Vortex and all 

969
00:54:17,300 --> 00:54:20,400
participating event exists, due 
to the efforts of the South 

970
00:54:20,400 --> 00:54:23,400
Florida, Bitcoin community. 
So I think Nico will probably 

971
00:54:23,400 --> 00:54:26,700
show up at some of these, right?
Like this is this is your neck 

972
00:54:26,700 --> 00:54:30,800
of the woods. 
So if you are in South Florida, 

973
00:54:31,300 --> 00:54:34,300
I got check out the Bitcoin 
Vortex.com or if you're going to

974
00:54:34,300 --> 00:54:39,000
travel down to Florida, check 
out when these dates are and 

975
00:54:39,000 --> 00:54:41,600
when these events are, maybe you
can hang out with me comb 

976
00:54:41,600 --> 00:54:43,500
person. 
May be a next time. 

977
00:54:43,500 --> 00:54:47,500
I'm down there, we'll have to 
maybe make it 100% speaking of 

978
00:54:47,500 --> 00:54:50,300
events guys. 
You don't want to miss bit 

979
00:54:50,300 --> 00:54:51,100
block. 
Boom. 

980
00:54:51,100 --> 00:54:53,600
You don't want to miss on 
confiscated bubble. 

981
00:54:53,800 --> 00:54:55,500
Definitely go check out bit 
block. 

982
00:54:55,500 --> 00:54:59,400
Boom.com, awesome, Bitcoin, 
Event in Austin, Texas. 

983
00:54:59,600 --> 00:55:02,000
Don't want to miss it promo. 
Code simply Bitcoin. 

984
00:55:02,000 --> 00:55:05,600
Get a big discount to that event
and also the unconference 

985
00:55:05,600 --> 00:55:08,600
skateable event and poker 
tournament in Las Vegas. 

986
00:55:08,700 --> 00:55:12,500
Nevada promo code, simply 10. 
Get a big discount to though to 

987
00:55:12,500 --> 00:55:15,800
those tickets of course, opting.
I will be there as well. 

988
00:55:15,900 --> 00:55:18,400
Well, guys, we love you all. 
Don't forget to check out the 

989
00:55:18,400 --> 00:55:21,900
audio version of Simply Bitcoin 
anchor Spotify. 

990
00:55:21,900 --> 00:55:24,800
Apple Fountain Opti pulls up the
fountain. 

991
00:55:24,800 --> 00:55:28,600
In fact, the pleb site, segment 
or the software. 

992
00:55:28,600 --> 00:55:30,400
What are you up to you? 
We should we should we should 

993
00:55:30,400 --> 00:55:32,600
leave it on the pups and the 
flipside segment, we will be 

994
00:55:32,600 --> 00:55:35,500
reading out the fountain 
comments that you guys are so 

995
00:55:35,500 --> 00:55:39,600
kind to drop us over the week. 
So definitely check that out 

996
00:55:39,600 --> 00:55:40,800
guys. 
We love you all. 

997
00:55:40,800 --> 00:55:42,100
Thank you so much for joining 
us. 

998
00:55:42,100 --> 00:55:44,500
Another episode of Simply 
Bitcoin live. 

999
00:55:44,500 --> 00:55:45,800
You enjoyed the show notes, do 
smash that. 

1000
00:55:45,900 --> 00:55:49,600
Like button, consider 
subscribing and share this 

1001
00:55:49,600 --> 00:55:52,600
content fact, share all Bitcoin 
content, push the peaceful 

1002
00:55:52,600 --> 00:55:55,400
Revolution forward. 
The party will continue all the 

1003
00:55:55,400 --> 00:55:58,400
way to 2 p.m. 
Eastern Standard. 

1004
00:55:58,400 --> 00:56:02,000
Time Opti will be holding down 
the spaces with our friends. 

1005
00:56:02,000 --> 00:56:07,100
Over at Swan, Bitcoin.com best 
place to Stacks at with the one,

1006
00:56:07,100 --> 00:56:10,300
the only legendary producer 
Jacob. 

1007
00:56:10,300 --> 00:56:13,900
Anyways, guys, love you all will
see you tomorrow, 12:15 p.m. 

1008
00:56:13,900 --> 00:56:15,700
Eastern Standard Time. 
Keep an eye out. 

1009
00:56:15,800 --> 00:56:19,800
Because our buddy Ruston is 
dropping some awesome Clips as 

1010
00:56:19,800 --> 00:56:21,700
well. 
Keep an eye out for that one but

1011
00:56:21,700 --> 00:56:23,900
we'll see you tomorrow. 12:15 
p.m. 

1012
00:56:23,900 --> 00:56:26,600
Eastern 12:15 p.m. 
Eastern Standard Time for 

1013
00:56:26,600 --> 00:56:29,200
another episode of Simply 
Bitcoin live.