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Yo welcome to another episode of
Simply Bitcoin. 

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I'm coming to you live from the 
Dominican Republic. 

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Today is going to be a very 
special show. 

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We're going to cover more 
excuses for inflation by our 

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so-called betters political 
Elites and of course how to fix 

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Bitcoins mining pool 
centralization problem. 

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I'll get into more of the 
details of that and a little 

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bit. 
We also have more articles from 

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the Legacy mainstream media 
bashing sailor for what happened

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yesterday. 
So we're going to cover that. 

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We also have BlackRock and 
coinbase allying a very evil 

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Alliance opt he's going to cover
that as well. 

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It's going to be a very special 
show but first How you doing 

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Opti? 
How you doing, bro? 

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What's up guys? 
Hello world. 

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It's your boy Opti. 
I'm here with the camera. 

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Hopefully, it doesn't overheat 
on me. 

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We shall see what happened 
today, but I'm excited to be 

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here. 
Feel good this morning. 

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I think it's gonna be a good day
Nico. 

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Let's just get into it. 
Yeah, it's going to be a good 

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day. 
Going to say hi to everybody. 

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We got BTC pins. 
Good morning, we got guy good. 

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Good afternoon. 
Directly from Brazil. 

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Shout out to Brazilian 
bitcoiners. 

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We got vital, we got Joseph put 
the Dominican flag, he knows and

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we got loco. 
Diamond hands Bitcoin, shout out

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to all you guys. 
Shout out to everyone listening 

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on Twitter spaces. 
Anyways Opti let's get on to the

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show, brother for brought to you
by not all they make some of the

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best Bitcoin notes like the not 
a one, the one I'm holding in my

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hand, run your own version of 
Bitcoin core, the lightning 

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Network whirlpool and Dojo all 
from Comfort of your own home 

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member, guys, if you don't run 
your own node, like the not, oh,

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you're using someone else's. 
And now, if you are a digital 

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Nomad, you have no excuse. 
Because the novel guys, just 

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release not all Cloud. 
Run a nozzle through a virtual 

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private server. 
Visit not all dot, visit not 

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all.you, dude. 
You guys have to run your own 

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code, if you aren't doing. 
So, already become a fully, 

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sovereign individual. 
Anyways, check out some of the 

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Purrs. 
Apparently this is the screen 

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view that you guys appreciate. 
So let's check it out. 

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The price at the time of 
recording is twenty two thousand

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nine hundred and forty dollars 
SATs. 

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Per dollar also known as Moscow.
Time 4359 block height, 740 

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7950, to reachable bitcoin knows
15,000 215 percentage issued 

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look. 
It's moving up Opti ninety one 

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point zero one percent Blocks to
the having that number can't 

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come any sooner. 
I want to continue going down, 

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faster, 90 2048 having estimate 
April 19th 2020. 

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For less than two years away. 
Total lightning network 

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capacity. 1341 Bitcoin capacity 
value at present time. 

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It's at 30 million dollars 30.8 
to be specific hash rate, not in

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the last over the last 90 days. 
209 x, a hashes. 

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An annual mining Revenue. 
We're at fourteen point, three 

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billion dollars. 
You want that number to continue

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growing up. 
Anyways, very interesting 

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numbers today. 
So today I want to cover another

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excuse by the elites check this 
out. 

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This is absolutely crazy. 
I could not believe. 

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When I read this, marry Dolly, 
she is the San Francisco, Ed 

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president. 
Anyways, let's check out what 

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she had. 
To say during an interview with 

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Reuters, to quote, she says, you
know, I have to say that that I 

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live. 
I don't feel the pain of 

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inflation anymore. 
I see prices rising have enough 

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that I can make some 
substitutions that I could do 

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things. 
So I'm not immune to gas, price 

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Rising food prices, rising. 
I sometimes balk at the price of

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things, she said, but I don't 
find myself in a space where 

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have to make trade-offs, because
I have enough and many many 

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Americans. 
Have enough. 

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There you go. 
So that's like let them eat 

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cake, right? 
The famous line, from marry 

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Antonette. 
There you have someone who not 

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only works for the Federal 
Reserve is the president of one 

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of the branches of the Federal 
Reserve. 

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And she's literally saying to 
your face. 

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Hey, I'm okay. 
And I know all of them, a lot of

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other Americans. 
Okay. 

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So I guess I'm doing alright. 
Like, dude, the disconnect with 

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these people, is absolutely 
insane. 

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Like, if this is Despicable 
stuff, anyways, I also got a 

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video for you guys as well. 
Well, let's check it out. 

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It's funny comes from our 
friends down under Australia, 

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and they also are talking about 
the topic of inflation. 

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Let's check it out. 
Okay, let me explain. 

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Inflation is not a scary word 
right now. 

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It's been getting a little out 
of control here and around the 

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world, which isn't good, but in 
a normal World, whatever that is

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inflation means we're spending 
more than our economy is 

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growing, and gross is good, but 
let's start with the basics. 

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You heard that right right 
inflation. 

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Our economy's growing. 
We are spending. 

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Yeah. 
When they mean, we, they really 

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mean the government and Central 
bank's, doesn't mean the people.

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So, it's just crazy how 
indoctrinated Society has been, 

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has been with this. 
Look some inflation is good, 

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it's necessary and means that 
the economy is working, 

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everything's going fine, but at 
the end of the day, look, even 

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when inflation. 
In that two percent, you are 

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still your purchasing power is 
being stolen from on a year by 

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year basis. 
And that's just a fact and just 

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a friendly reminder and I 
tweeted this out the other day, 

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the sole cause of inflation. 
Wasn't the virus wasn't. 

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The supply chains, it was 
governments and central banks, 

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they made the decision to print 
a record amount of money and 

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that is what we're feeling right
now. 

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And by the way, not only did 
they make that decision? 

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In which is hurting everybody 
hurting their purchasing power, 

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right? 
They have also not taken 

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responsibility for that 
decision. 

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They have gasless the entire 
way. 

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First, they said there is no 
inflation. 

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Then they said the inflation was
by Supply chains. 

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They said inflation was by the 
virus. 

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They said inflation was by 
Putin, right? 

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And it took them a year to say, 
oh, I made a mistake. 

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And here's the thing, guys, this
is how much they disrespect you 

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this, how much they don't value 
you, as a human being. 

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They're doing the exact same 
thing with the recession. 

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There is no recession. 
They're redefining the term of 

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what recession is in front of 
our eyes. 

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I'll be pulled up the receipts 
the other day on yesterday, on 

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couple days episode. 
And yeah, this is, this is 

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absolutely despicable stuff. 
I don't think that there is a 

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political solution to this. 
I don't think it's a matter of 

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voting. 
Someone out of office, both 

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political parties and look, I 
live in the United States. 

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So I And of the political system
works here and in other 

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countries, it's the bet you it's
the same right? 

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Whether it's the Republicans or 
the Democrats and power, they do

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the same thing they print money,
the Democrats might be for 

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social issues, more, you know, 
societal stuff. 

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And then the Republicans are, 
you know, for war and spending 

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and you know, making the 
military bigger and all that 

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stuff. 
But at the end of the day, who 

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loses you do? 
Think about it this way. 

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Not only do you get tax for your
income, not only do you get 

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taxed for your Property, not 
only do get tax for your 

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purchases. 
Now you're playing the hidden 

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tax of inflation as well. 
I didn't sign up for that. 

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Did you now with Bitcoin, you 
have a opportunity to opt out of

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that? 
Political money garbage, put 

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yourself, put your worth your 
energy, your time into something

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that can't be debased. 
Can't be confiscated easily. 

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You become fully financially 
Sovereign and the psychological 

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effects of that is something 
that people don't. 

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Talk a lot about in the Bitcoin 
Community. 

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All of a sudden you have hope 
for a better future if you 

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don't. 
You just saw that video. 

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You just saw what the FED with 
with the head of the San 

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Francisco branch of the FED 
said, I'm okay. 

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I know other people are okay 
like this is just absolutely 

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despicable but I can't blame 
these people. 

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At the end of the day, the Fiat 
system is architected in a 

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manner that there are a few win 
and a whole lot of people lose. 

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And Bitcoin the incentives 
aligned with everybody. 

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That is the beauty of Bitcoin. 
So yeah. 

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Join the peaceful Revolution 
opt-out say enough is enough and

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yeah, take your wealth, your 
time, your work out of that, 

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that parasitic system because 
that's really what it is. 

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Anyways, Opti. 
What are your thoughts? 

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Well, first off of this is just 
absolutely insane propaganda, 

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like the FED President telling 
us. 

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He doesn't fit our, she doesn't 
feel inflation, like It's 

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insane. 
I the average person out there, 

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can see the inflation for 
themselves, they realize they 

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can't buy what they used to buy.
Everything is getting more 

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expensive. 
I mean, Nika, you and I were 

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just talking about housing 
prices and how they gone up a 

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T20, what 90 100 percent since 
they printed money, like, this 

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is absolutely insane. 
The elites are completely out of

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touch with reality and they are 
just going to continue to try to

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spin this in a in any PR way. 
They can so that they The 

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normies so that you the plebs 
out there. 

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Just get wrecked and eat this 
Hook Line & Sinker. 

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As we've been saying, guys, it's
obviously very obvious. 

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That inflation is bad. 
Inflation is the hidden, 

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taxation. 
It steals from you very slowly 

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and as we've been saying for a 
while, the disinformation war 

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continues, this is just standard
information Warfare. 

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They are going to try to push 
this message so that you get 

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Hoodwink guys and Nico. 
I really love that you brought 

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up the me. 
That we like to push a lot is 

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Bitcoins, then I think that this
is this, we need to all talk 

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about this more. 
That Bitcoin does something to 

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your psychology that you just, 
you're more optimistic, your 

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00:11:09,700 --> 00:11:13,700
more, you're more hopeful for 
the future and imagine not 

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having Bitcoin right now. 
I, I literally can't imagine it 

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00:11:17,500 --> 00:11:21,500
because it seems like a totally 
different reality because I am 

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00:11:21,500 --> 00:11:23,800
very hopeful. 
I am Optimus field for a reason.

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00:11:23,800 --> 00:11:27,400
I think that we are gonna make 
this if you understand what 

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00:11:27,400 --> 00:11:30,700
we're doing here and understand 
Bitcoin up, first principles, 21

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00:11:30,700 --> 00:11:34,300
million, hard cap, censorship 
resistant, money after you 

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00:11:34,300 --> 00:11:37,100
money, you can't touch my money.
You can't steal from me, slowly.

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00:11:37,100 --> 00:11:39,400
This is the way, guys. 
This is why we do this. 

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00:11:39,400 --> 00:11:42,600
This is why we show up every 
single day to spread the sound 

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00:11:42,600 --> 00:11:46,200
money gospel. 
You muted. 

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Sound money, gospel. 
Amen to that. 

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00:11:50,100 --> 00:11:54,500
Alright guys, let's move on. 
Let's move on to the meat of 

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00:11:54,500 --> 00:11:57,600
today's episode. 
Let's check out. 

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00:11:58,900 --> 00:12:02,800
D is time for the Daily News. 
Brought to you by crypto 

205
00:12:02,800 --> 00:12:07,000
cloaks.com they make some of the
best 3D printed Bitcoin merch. 

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Like the famous 3D printed 
Bitcoin grenade. 

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Toy comes in any custom color. 
Your heart desires. 

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00:12:13,000 --> 00:12:15,200
That's right. 
You want to Peter Schiff colors?

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00:12:15,200 --> 00:12:18,200
Yeah it comes in gold and you 
can take advantage of the promo 

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00:12:18,200 --> 00:12:21,400
code down below to get 5% off. 
If you're in Europe, the 

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00:12:21,408 --> 00:12:25,600
European store is now open check
out crypto cloaks.com today. 

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00:12:26,200 --> 00:12:30,800
Alright, so today guys, we're 
going Talk about stratum V2, 

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00:12:31,400 --> 00:12:36,000
shot him, V2 promises to further
decentralised Bitcoin and 

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00:12:36,000 --> 00:12:40,900
surprisingly this articles from 
Forbes does a really good job at

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00:12:41,300 --> 00:12:45,400
at summarizing it and we got 
some other articles to you know 

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00:12:45,400 --> 00:12:48,600
further paint the picture. 
So let's check it out says 

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00:12:48,600 --> 00:12:51,900
stratum V2 promises to further 
decentralised Bitcoin. 

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00:12:53,900 --> 00:12:56,200
It goes on to say the 
centralization has many 

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00:12:56,200 --> 00:12:58,600
different categories from 
technical to culture. 

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00:12:58,700 --> 00:13:01,200
And different stakeholders from 
the developers of the Bitcoin 

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00:13:01,200 --> 00:13:04,700
core team to the exchanges, the 
power Fiat on and off ramps. 

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00:13:04,700 --> 00:13:08,000
Yet one area where there is a 
lot of focus are the miners that

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00:13:08,000 --> 00:13:10,700
secure the Bitcoin Network and 
it's proof of work chain. 

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00:13:10,800 --> 00:13:15,300
Stratum V2 is an upgrade to the 
Bitcoin mining stock that aims 

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00:13:15,300 --> 00:13:18,000
to help miners as, as small as 
hobbyist. 

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00:13:18,000 --> 00:13:21,100
With a few bits of Asic. 
Mining equipment to have a more 

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00:13:21,100 --> 00:13:24,000
flexible and censorship 
resistant route, to 

228
00:13:24,000 --> 00:13:27,400
communicating with mining pools 
for mining, pool concentration, 

229
00:13:27,400 --> 00:13:30,600
in China to how Miners can 
choose different mining pools. 

230
00:13:30,600 --> 00:13:33,500
The amount of decentralization 
present in miners is an 

231
00:13:33,500 --> 00:13:36,000
important consideration for the 
security of Bitcoin. 

232
00:13:36,200 --> 00:13:38,900
After all if minor to aggregate 
together. 

233
00:13:39,000 --> 00:13:42,100
In terms of mining pools, 
Embrace new policies such as 

234
00:13:42,100 --> 00:13:45,900
censoring certain blocks, the 
promise of having a trusses 

235
00:13:45,900 --> 00:13:49,300
censorship resistance technology
solution, would give way to a 

236
00:13:49,300 --> 00:13:52,800
new regime before the fact of 
centralized mining pool leaders 

237
00:13:53,000 --> 00:13:56,100
who might be forced one way or 
another, whether they through 

238
00:13:56,100 --> 00:13:58,400
personal incentives. 
Agreed. 

239
00:13:58,700 --> 00:14:02,500
Or through pushes for 
country-by-country regulations 

240
00:14:02,500 --> 00:14:05,900
to make decisions that benefit 
them rather than the network in 

241
00:14:05,900 --> 00:14:08,300
aggregate. 
So what do Bitcoin miners do? 

242
00:14:08,300 --> 00:14:13,200
Right, you pull together. 
Your hashing power to have a 

243
00:14:13,200 --> 00:14:15,900
more stable reward. 
That's what that's what Bitcoin 

244
00:14:15,900 --> 00:14:19,000
miners want to do. 
That doesn't represent that that

245
00:14:19,000 --> 00:14:21,900
mining pool owns. 
All of that hash rate. 

246
00:14:21,900 --> 00:14:26,200
It's just a concentrate 
concentration of Bitcoin mining 

247
00:14:26,200 --> 00:14:30,600
power in order to The reward 
more consistent, right? 

248
00:14:30,600 --> 00:14:35,100
And you want consistency because
you are paying money to power 

249
00:14:35,100 --> 00:14:38,700
those Miners and those miners 
can be very expensive, right? 

250
00:14:38,800 --> 00:14:41,100
So that's why people use my, 
that's why people use mining 

251
00:14:41,100 --> 00:14:42,900
pools. 
Now, here's the problem, right? 

252
00:14:44,200 --> 00:14:48,300
Is that we will bitcoiners want 
with Bitcoin is doing is 

253
00:14:48,300 --> 00:14:51,700
separating money from State. 
And eventually the state is 

254
00:14:51,700 --> 00:14:55,500
going to want to try to co-op 
the Bitcoin Network to make it 

255
00:14:55,500 --> 00:14:58,200
an extension of the system we 
have today. 

256
00:14:58,300 --> 00:15:00,600
You already see that you've 
already saw that happening, 

257
00:15:00,600 --> 00:15:02,400
right? 
You see that with the articles 

258
00:15:02,400 --> 00:15:05,300
by Elizabeth Warren in the Wall 
Street, in the New York Times, 

259
00:15:05,300 --> 00:15:07,200
right? 
Does hey you know Bitcoin is 

260
00:15:07,200 --> 00:15:09,900
going to be used to circumvent 
Russian sanctions, right? 

261
00:15:10,000 --> 00:15:14,400
So again is when we covered this
about a week ago an episode Us 

262
00:15:14,400 --> 00:15:17,500
sanctions is US sanctions policy
and again this is just a thought

263
00:15:17,500 --> 00:15:19,300
experiment. 
I'm not saying break any laws, 

264
00:15:19,300 --> 00:15:20,400
right? 
Color within the lines but it's 

265
00:15:20,400 --> 00:15:25,000
like our us saying is u.s. is 
current u.s. sanctioning policy.

266
00:15:25,600 --> 00:15:29,200
Compatible with something like 
Bitcoin, that's an open network,

267
00:15:29,200 --> 00:15:30,600
right? 
I don't know, but it's 

268
00:15:30,600 --> 00:15:33,000
definitely a good question. 
Now, let me pull up some 

269
00:15:33,000 --> 00:15:37,000
examples of already mining. 
Some mining pools. 

270
00:15:37,000 --> 00:15:40,400
Trying to censor. 
Right, let's check this out. 

271
00:15:40,400 --> 00:15:43,800
This is Marathon miners the 
famous Mara pool, right? 

272
00:15:44,000 --> 00:15:46,200
Marathon miners. 
Have started censoring Bitcoin 

273
00:15:46,200 --> 00:15:49,600
transactions. 
Here's what that means and Mara 

274
00:15:49,800 --> 00:15:53,100
Mara Marathon. 
Digital Holdings is public 

275
00:15:53,100 --> 00:15:56,800
company and guess who they were 
blocking the transactions for 

276
00:15:57,000 --> 00:16:00,500
the US Department of Treasury. 
Specially designated Nationals 

277
00:16:00,700 --> 00:16:04,600
and blocked persons list, and it
was called ofac compliance 

278
00:16:04,600 --> 00:16:07,600
blocks, but it wasn't only 
Marathon, right? 

279
00:16:07,700 --> 00:16:11,600
It was also the block Seer 
mining pool will only process 

280
00:16:11,600 --> 00:16:14,800
specific transactions. 
You saw the same Singing, we are

281
00:16:14,800 --> 00:16:18,200
actually very upset when this 
happened when the developers 

282
00:16:18,200 --> 00:16:21,200
from Wasabi decided that their 
coins joined protocol. 

283
00:16:21,200 --> 00:16:24,100
Was going to scan certain 
transactions and not allow 

284
00:16:24,100 --> 00:16:26,900
certain UT EXO's into the coin 
joint. 

285
00:16:26,900 --> 00:16:29,200
And what, all what, what is all 
this? 

286
00:16:29,200 --> 00:16:34,400
This is a slow Creep by nation 
states, trying to co-opt bitcoin

287
00:16:35,800 --> 00:16:40,300
into the existing Network, the 
existing network of exclusion. 

288
00:16:40,400 --> 00:16:43,100
Right? 
The reason that Bitcoin is so 

289
00:16:43,300 --> 00:16:46,000
inclusion. 
Very right is because all the 

290
00:16:46,000 --> 00:16:51,300
red tape is removed, right? 
So, if I'm in Africa, and I have

291
00:16:51,300 --> 00:16:55,600
no ability to open a bank 
account, all of a sudden, now I 

292
00:16:55,608 --> 00:16:59,600
can download a Bitcoin wallet 
takes literally 20 seconds. 

293
00:17:00,000 --> 00:17:04,400
And now I'm connected with a 
Global Financial system, right? 

294
00:17:04,400 --> 00:17:06,700
Which is Bitcoin, right? 
Look the example with El 

295
00:17:06,700 --> 00:17:09,200
Salvador, right? 
It literally took El Salvador, 

296
00:17:09,200 --> 00:17:13,400
two months for there to be more 
Bitcoin wallets than Legacy 

297
00:17:13,400 --> 00:17:15,000
Bank. 
That's right. 

298
00:17:15,000 --> 00:17:19,400
And that's because not everybody
has an ID, not everybody has all

299
00:17:19,400 --> 00:17:23,700
the paperwork to open the head. 
The heavily intensive kyc bank 

300
00:17:23,700 --> 00:17:26,099
account, right? 
Or is the Bitcoin, you literally

301
00:17:26,099 --> 00:17:29,200
just need to download an app on 
your phone, right? 

302
00:17:29,400 --> 00:17:34,500
So moving on what it, what are 
we to do with these mining 

303
00:17:34,500 --> 00:17:35,700
pools? 
Because at the end of the day, 

304
00:17:35,700 --> 00:17:39,600
look kid, they fully stop this. 
No in my opinion they can't 

305
00:17:39,600 --> 00:17:41,700
because what you're going to 
start to see some judicial 

306
00:17:41,700 --> 00:17:45,500
Arbitrage or perhaps, you know. 
No, American mining pools aren't

307
00:17:45,500 --> 00:17:48,400
going to accept, you know, 
transactions from, you know, 

308
00:17:48,400 --> 00:17:50,800
known Russians are known 
Iranians, but what you're all 

309
00:17:50,800 --> 00:17:54,400
we're going to see is then an 
Iranian mining pool, accepting 

310
00:17:54,400 --> 00:17:57,400
those transactions. 
As soon as those transactions 

311
00:17:57,400 --> 00:18:00,600
get added to the blockchain, 
there's nothing you could do 

312
00:18:00,600 --> 00:18:02,900
about their there. 
So the worst that they can 

313
00:18:02,900 --> 00:18:05,900
really do is slow down 
transactions. 

314
00:18:06,000 --> 00:18:10,100
But now that we have a very 
large majority of the Bitcoin, 

315
00:18:10,100 --> 00:18:14,500
hash rate located in the United 
States that starts to Worrying 

316
00:18:14,500 --> 00:18:18,600
because you're definitely going 
to see more pressure by the US 

317
00:18:18,600 --> 00:18:23,500
bureaucracy to start to censor 
more specifically if we are 

318
00:18:23,500 --> 00:18:26,700
right about Bitcoin and it does 
become the world Reserve 

319
00:18:26,700 --> 00:18:29,100
currency, it's inevitable that 
they're going to ask that. 

320
00:18:29,100 --> 00:18:34,200
So what are we to do about it? 
Well check out stratum stratum 

321
00:18:34,200 --> 00:18:36,600
be to stratum video allows 
individual mirrors with in a 

322
00:18:36,600 --> 00:18:40,300
mining pool to choose their own 
blocks to mind, rather than 

323
00:18:40,300 --> 00:18:43,800
having to mind the one, a pool 
proposes for them while still 

324
00:18:43,900 --> 00:18:47,300
Benefiting from a more stable 
aggregation of mining rewards so

325
00:18:47,300 --> 00:18:51,300
they can defray volatility and 
set of the current Paradigm of 

326
00:18:51,300 --> 00:18:54,200
the pool, offering a incomplete 
block template that an 

327
00:18:54,200 --> 00:18:57,800
individual minor has to accept. 
Now, minors can optionally, 

328
00:18:57,800 --> 00:19:01,000
choose the blocks, they want to 
mine and send it back to the 

329
00:19:01,000 --> 00:19:02,600
pool stratum. 
V2. 

330
00:19:02,600 --> 00:19:05,400
Also provides a bunch of 
different technical upgrades 

331
00:19:05,400 --> 00:19:08,900
from switching to Json for 
communication to Binary to 

332
00:19:08,900 --> 00:19:12,000
making communication more 
seamless to reducing redundant 

333
00:19:12,000 --> 00:19:16,300
Communications between pools. 
Dividual minors to cryptographic

334
00:19:16,400 --> 00:19:19,300
authentication, that allows you 
to prevent man-in-the-middle 

335
00:19:19,300 --> 00:19:21,800
attacks. 
Such as your is be stealing your

336
00:19:21,800 --> 00:19:23,700
hash power which that would 
suck. 

337
00:19:23,700 --> 00:19:27,000
So why don't want to cover this 
Terry looks like there's an 

338
00:19:27,000 --> 00:19:31,300
update Foundry, digital donates 
one Bitcoin to develop working 

339
00:19:31,300 --> 00:19:34,400
on Bitcoin mining pools Foundry 
digital is an Institutional 

340
00:19:34,400 --> 00:19:37,700
service provider for Bitcoin 
miner and has donated one 

341
00:19:37,700 --> 00:19:40,700
Bitcoin to hiss developer in the
Bitcoin ecosystem. 

342
00:19:40,700 --> 00:19:45,200
By the name of for ss0 was 
Working on stratum V2. 

343
00:19:45,200 --> 00:19:47,700
According to a press release. 
Stratum V2 is an open source 

344
00:19:47,700 --> 00:19:49,900
Communications. 
Protocol that allows minors 

345
00:19:49,900 --> 00:19:53,500
their proxies and Mining pools 
to better communicate with one 

346
00:19:53,700 --> 00:19:56,900
another enabling larger 
contributions Global hash rate 

347
00:19:56,900 --> 00:20:00,000
of the Bitcoin Network stratum. 
I read you guys that part the 

348
00:20:00,000 --> 00:20:02,200
last part is a quote that I 
thought is interesting. 

349
00:20:02,500 --> 00:20:06,800
The Bitcoin mining industry has 
evolved rapidly in the last past

350
00:20:06,800 --> 00:20:09,800
two years while the underlying 
protocol that coordinates the 

351
00:20:09,800 --> 00:20:13,700
minor in the pool has stayed 
stagnant said, Jay bit better. 

352
00:20:13,900 --> 00:20:16,800
Picked VP of research at Foundry
for review. 

353
00:20:16,800 --> 00:20:19,700
Stratum be to as a major 
Improvement of the current 

354
00:20:19,700 --> 00:20:23,400
stratum protocol and is aligned 
our mission of empowering to 

355
00:20:23,400 --> 00:20:27,100
centralized infrastructure. 
So yeah, I'm very bullish on 

356
00:20:27,100 --> 00:20:29,800
this project. 
I hope it continues and I'm very

357
00:20:29,800 --> 00:20:34,700
glad that there is funding by 
the community to continue it. 

358
00:20:34,700 --> 00:20:39,000
I think that it's essential that
more and more descent. 

359
00:20:40,000 --> 00:20:42,900
More decentralization is always 
a good thing, right? 

360
00:20:43,500 --> 00:20:45,400
And how it's currently 
structured, right? 

361
00:20:45,400 --> 00:20:48,900
It's the mining pool. 
That gets to decide what block, 

362
00:20:49,000 --> 00:20:52,500
if they find the block gets 
included into the blockchain and

363
00:20:52,500 --> 00:20:54,300
that is a point of weakness, 
right? 

364
00:20:54,400 --> 00:20:56,500
Because they there could be 
political pressure. 

365
00:20:56,700 --> 00:21:00,000
There could be countless things.
That that blocks that that that 

366
00:21:00,000 --> 00:21:04,200
mining pools, like, listen, I 
don't want to include certain 

367
00:21:04,200 --> 00:21:07,800
people that the u.s. government 
Blacklist because I do business 

368
00:21:08,000 --> 00:21:12,100
in the US. 
But if you take away the mining 

369
00:21:12,100 --> 00:21:15,400
pools ability, Get to decide 
what block they are. 

370
00:21:15,400 --> 00:21:19,000
Included in what block are not 
included then, at least, you 

371
00:21:19,000 --> 00:21:22,100
know, it's the, the example that
I'm going to get, it's that that

372
00:21:22,100 --> 00:21:26,700
letter, that that Canadian 
company sent the Canadian 

373
00:21:26,700 --> 00:21:30,100
government says, hey, I don't 
have access to that stuff even 

374
00:21:30,100 --> 00:21:32,600
if you wanted me to give it to 
you, right? 

375
00:21:32,600 --> 00:21:36,500
So at least there's, you know, 
deniability there where how it's

376
00:21:36,500 --> 00:21:39,900
currently set up. 
There is no diet deniability, 

377
00:21:39,900 --> 00:21:43,100
because the mining pool is the 
one who gets to choose, which 

378
00:21:43,200 --> 00:21:45,600
Block is included in which block
isn't included. 

379
00:21:45,600 --> 00:21:47,700
So I'm glad there's development 
with this. 

380
00:21:47,800 --> 00:21:50,300
I hope it keeps going. 
I know that there's some 

381
00:21:50,300 --> 00:21:53,400
problems with it as well. 
Hopefully we can get a more 

382
00:21:53,400 --> 00:21:57,700
technical person to discuss this
in the coming weeks or months. 

383
00:21:57,900 --> 00:22:00,500
But I think this is a very 
promising development and I'm 

384
00:22:00,500 --> 00:22:04,200
very excited to see the future a
stratum V2. 

385
00:22:04,300 --> 00:22:08,400
I think it's essential as 
Bitcoin continues to become more

386
00:22:08,400 --> 00:22:11,300
and more popular, and because 
it's becoming more and more 

387
00:22:11,300 --> 00:22:13,100
popular, you're going to see 
more. 

388
00:22:13,300 --> 00:22:17,200
More pressure from nation states
to try to remain in power and 

389
00:22:17,200 --> 00:22:19,100
control. 
Anyways, Opti, what are your 

390
00:22:19,108 --> 00:22:21,600
thoughts brother? 
Well, you know me, I'm not the 

391
00:22:21,600 --> 00:22:26,200
most technical Bitcoin earn or a
minor but I am glad to see this 

392
00:22:26,200 --> 00:22:27,800
come out. 
I've been hearing a lot of talk 

393
00:22:27,800 --> 00:22:31,000
about this from a lot more 
technical people than me that 

394
00:22:31,400 --> 00:22:35,000
have higher lever concerns, that
it's above my pay. 

395
00:22:35,000 --> 00:22:38,100
Grade is all I'll say, but I am 
very glad that you brought up 

396
00:22:38,100 --> 00:22:40,700
the marathon and the ofac 
because I was the first thing 

397
00:22:40,700 --> 00:22:43,300
that I thought when you brought 
up this news is like, oh, All 

398
00:22:43,300 --> 00:22:47,500
right, cool like now we can, you
know, route around that like, 

399
00:22:47,500 --> 00:22:54,300
oh, he's but anyways, first off,
you said something about people 

400
00:22:54,300 --> 00:22:58,000
in Africa and shouts out to, 
what's his, in vital, official 

401
00:22:58,000 --> 00:23:00,600
in the chat. 
From Rwanda, we worldwide right 

402
00:23:00,600 --> 00:23:02,100
now. 
Let's go. 

403
00:23:02,100 --> 00:23:04,700
But I did do a little research 
this morning. 

404
00:23:04,700 --> 00:23:07,000
I didn't do too much because I 
knew you cover that. 

405
00:23:07,000 --> 00:23:12,200
So I went on the brand website 
and I was, you know, very 

406
00:23:12,200 --> 00:23:15,600
bullish that This is going to 
increase the centralization and 

407
00:23:15,600 --> 00:23:18,800
like you covered. 
It's going to make it better for

408
00:23:18,800 --> 00:23:21,700
minors to choose what blocks and
what transactions they want in 

409
00:23:21,700 --> 00:23:23,900
the block. 
So absolutely bullish in my 

410
00:23:23,900 --> 00:23:27,200
opinion, increases censorship 
resistance and decentralization.

411
00:23:27,200 --> 00:23:32,400
So let's go, I love this. 
I can't wait to see this get 

412
00:23:32,600 --> 00:23:36,900
implemented in all mining pools,
because that would be absolutely

413
00:23:36,900 --> 00:23:39,600
bullish. 
And it would make the Bitcoin 

414
00:23:39,600 --> 00:23:43,100
Network that much stronger and 
this is what we need to. 

415
00:23:43,200 --> 00:23:45,900
To increase the strength of the 
network guys. 

416
00:23:45,900 --> 00:23:49,100
We need to make sure that the 
nation states can't attack 

417
00:23:49,100 --> 00:23:51,900
Bitcoin even though they haven't
been able to already. 

418
00:23:52,100 --> 00:23:55,600
So increase the strength of 
Bitcoin because Bitcoin is the 

419
00:23:55,600 --> 00:23:58,700
way and I'm happy to see this 
Nico. 

420
00:23:58,700 --> 00:24:02,200
Very happy to see this. 
Yeah, it's an arms race, right? 

421
00:24:02,200 --> 00:24:06,000
You constantly have to be ahead 
because they're the, you know, 

422
00:24:06,500 --> 00:24:09,700
the government's just and again,
they're just they're not it's 

423
00:24:09,700 --> 00:24:12,000
not it's an evil thing. 
They're acting following their 

424
00:24:12,000 --> 00:24:13,900
own incentives. 
You know. 

425
00:24:13,900 --> 00:24:17,100
So yeah, we have to stay ahead 
of the curve, that's for sure. 

426
00:24:17,200 --> 00:24:19,700
Anyways, I want to check this 
out. 

427
00:24:19,700 --> 00:24:23,900
Check out this tweet from Corey 
clips and CEO of swan. 

428
00:24:24,200 --> 00:24:26,500
He's been absolutely murdering 
it on Twitter lately. 

429
00:24:26,800 --> 00:24:31,100
A regulatory turf war is being 
encouraged and funded by the big

430
00:24:31,100 --> 00:24:34,400
money. 
Kryptos grammars like a 16z and 

431
00:24:34,400 --> 00:24:36,600
coinbase. 
They're trying to get anyone 

432
00:24:36,600 --> 00:24:41,100
other than the SCC to regulate 
them because otherwise the free 

433
00:24:41,100 --> 00:24:45,200
money scam machine stops. 
Check this out, Cory was 

434
00:24:45,200 --> 00:24:47,500
absolutely right. 
Check out the Bloomberg article 

435
00:24:47,600 --> 00:24:51,600
push to give derivatives 
regulator more sway over credit 

436
00:24:51,600 --> 00:24:55,600
rating. 
Gains steam a push in Washington

437
00:24:55,600 --> 00:24:58,400
to transform the u.s. 
derivatives regulator into a top

438
00:24:58,400 --> 00:25:00,600
crypto. 
Watchdog is gaining stream with 

439
00:25:00,600 --> 00:25:03,600
a Senate bill that would give 
the Commodities future trading 

440
00:25:03,600 --> 00:25:05,700
commission. 
Sweeping new powers to oversee 

441
00:25:05,700 --> 00:25:09,300
the asset class. 
The cftc, whose purview is now 

442
00:25:09,300 --> 00:25:11,500
mostly limited to crypto 
derivative. 

443
00:25:11,600 --> 00:25:15,400
We get the ability to police. 
In the largest digital assets 

444
00:25:15,400 --> 00:25:18,800
under the plant introduced 
Wednesday, by Democrat, Debbie 

445
00:25:18,800 --> 00:25:22,800
stabenow, and John Republican, 
John boozman, the legislation 

446
00:25:22,800 --> 00:25:26,400
backed by the to to Top members 
of the Senate agriculture 

447
00:25:26,400 --> 00:25:28,700
committee, which is weird. 
Why is the agricultural 

448
00:25:28,700 --> 00:25:31,600
Community Kang in vic? 
Well, now we know thanks to 

449
00:25:31,600 --> 00:25:34,500
Cory, it's because it looks like
some of their donors, the 

450
00:25:34,500 --> 00:25:38,300
coinbase a 16c, perhaps might 
have had some pressure. 

451
00:25:39,400 --> 00:25:43,700
Anyways, Senators. 
Cory Booker and New Jersey 

452
00:25:43,700 --> 00:25:46,100
Democrat and John thune a South 
Dakota. 

453
00:25:46,100 --> 00:25:50,100
Republican are also original 
co-sponsors of the bill one in 

454
00:25:50,100 --> 00:25:51,700
five. 
This is to quote them, 15 

455
00:25:51,700 --> 00:25:54,800
Americans have used their traded
digital assets, but these 

456
00:25:54,800 --> 00:25:57,900
markets lack the transparency 
and accountability that they 

457
00:25:57,900 --> 00:26:00,100
expect from our financial 
system, too often. 

458
00:26:00,100 --> 00:26:02,900
This puts Americans hard-earned 
money at risk stable. 

459
00:26:02,900 --> 00:26:05,400
Now said in a statement. 
That's why we were closing 

460
00:26:05,400 --> 00:26:08,700
rather Tori gaps, and requiring 
that these markets operate under

461
00:26:08,700 --> 00:26:11,500
straightforward rules that 
protect customers and keep our 

462
00:26:11,600 --> 00:26:14,900
Some safe again. 
I don't believe when politicians

463
00:26:14,900 --> 00:26:16,600
say that. 
I was at all. 

464
00:26:16,600 --> 00:26:19,800
Anyways, crypto Executives here 
is what Corey said. 

465
00:26:19,800 --> 00:26:23,600
Crypto Executives have been 
pressuring for the cftc to get 

466
00:26:23,600 --> 00:26:26,300
more power as they resist 
Securities and Exchange 

467
00:26:26,300 --> 00:26:28,500
Commission. 
Chair Gary genzler's assertions,

468
00:26:28,700 --> 00:26:31,700
that many digital coins are 
securities under the sc's 

469
00:26:31,700 --> 00:26:34,500
purview industry, trade groups 
including the blockchain 

470
00:26:34,500 --> 00:26:36,700
association in the crypto 
Council for Innovation. 

471
00:26:36,900 --> 00:26:40,800
Put out statements in support of
the Senators efforts, right? 

472
00:26:40,800 --> 00:26:43,100
The coinbase. 
Whatever member that member 

473
00:26:43,100 --> 00:26:47,300
guys, coinbase is currently 
under investigation by the SEC 

474
00:26:47,400 --> 00:26:51,000
because of why, because they're 
pushing Securities but they're 

475
00:26:51,000 --> 00:26:54,800
hoping that they get regulated 
under the cftc. 

476
00:26:55,000 --> 00:26:59,400
So that half a business model 
literally doesn't go away 

477
00:26:59,400 --> 00:27:04,500
overnight because coinbase May 
bet to sell shit coins, some of 

478
00:27:04,500 --> 00:27:07,000
which are definitely Securities 
I make the argument. 

479
00:27:07,000 --> 00:27:10,400
That all of them are securities.
Anyways, the new proposal would 

480
00:27:10,400 --> 00:27:13,900
give the derivatives regulation 
Direct oversight of tokens that 

481
00:27:13,900 --> 00:27:17,100
qualify as digital Commodities, 
which occurred to, a summary of 

482
00:27:17,100 --> 00:27:20,200
the plan include here. 
It is guys Bitcoin. 

483
00:27:20,200 --> 00:27:23,300
And ether, the two largest 
digital assets. 

484
00:27:23,300 --> 00:27:26,900
We don't believe that aetherium 
is a security. 

485
00:27:27,000 --> 00:27:28,800
I mean, sorry. 
It is a security. 

486
00:27:28,900 --> 00:27:32,200
We believe that Bitcoin, you 
know, is treated as a commodity,

487
00:27:32,400 --> 00:27:33,900
theorem definitely isn't a 
commodity. 

488
00:27:33,900 --> 00:27:38,300
If vitalik could snap his 
fingers and change the monetary 

489
00:27:38,300 --> 00:27:41,900
policy of ethereum or like 
Sailors said, if Tally could 

490
00:27:41,900 --> 00:27:45,900
snap his finger and literally 
Wipe Out the whole aetherium 

491
00:27:45,900 --> 00:27:49,700
mining history then, is it 
really a commodity know? 

492
00:27:49,700 --> 00:27:52,500
It sounds like a security to me,
but apparently aetherium 

493
00:27:52,500 --> 00:27:57,200
definitely has enough lobbying 
power for for that, not to be. 

494
00:27:57,200 --> 00:28:00,900
So anyways, let me let me close 
this. 

495
00:28:01,100 --> 00:28:05,900
Look, I think this is just 
beginning, right? 

496
00:28:05,900 --> 00:28:08,700
But I think that there is a 
silver lining here. 

497
00:28:10,400 --> 00:28:14,300
Silver Lining is not only do you
have the crypto bill being 

498
00:28:14,300 --> 00:28:18,400
pushed by Senator gillibrand and
Senator Cynthia, lummis, you 

499
00:28:18,400 --> 00:28:22,700
also have bipartisan moves, you 
know, perhaps not working 

500
00:28:22,700 --> 00:28:25,900
towards something that we would 
like, but at least you see, 

501
00:28:25,900 --> 00:28:29,100
Republicans and Democrats 
working together and what was, 

502
00:28:29,100 --> 00:28:32,500
what was worrying me. 
The last couple of months is 

503
00:28:32,500 --> 00:28:36,700
that for some reason, left-wing 
parties all around the world 

504
00:28:36,700 --> 00:28:41,200
were the ones attacking Bitcoin 
and the excuse, they Using is 

505
00:28:41,200 --> 00:28:45,300
Bitcoins, energy usage. 
Now when I see Democrats and 

506
00:28:45,300 --> 00:28:49,000
Republicans working together 
towards passing, you know, 

507
00:28:49,000 --> 00:28:52,800
favorable Bitcoin and shit. 
Coin regulation that puts a 

508
00:28:52,800 --> 00:28:56,100
smile on my face because at 
least I know that that is 

509
00:28:56,100 --> 00:28:57,900
another tack. 
That's at least. 

510
00:28:58,800 --> 00:29:01,400
That's another attack. 
That's at least being you know 

511
00:29:01,400 --> 00:29:03,300
calm down a bit. 
Right? 

512
00:29:03,600 --> 00:29:06,900
I want this to be completely 
bipartisan because if we want to

513
00:29:06,900 --> 00:29:11,000
separate money from State, we 
need to incentivize Politicians 

514
00:29:11,000 --> 00:29:15,500
from both sides of the aisle, 
not only to like Bitcoin, but to

515
00:29:15,500 --> 00:29:18,900
hold Bitcoins well because then 
they it's just following their 

516
00:29:18,900 --> 00:29:20,500
own incentives. 
They're not going to regulate 

517
00:29:20,500 --> 00:29:24,200
something that's going to hurt 
them financially. 

518
00:29:24,200 --> 00:29:26,000
So this is a really good 
pattern. 

519
00:29:26,000 --> 00:29:30,600
This puts a giant smile on my 
face because I was seeing a 

520
00:29:30,600 --> 00:29:33,000
troubling pattern and that 
pattern was goddamn. 

521
00:29:33,000 --> 00:29:36,100
Dude, this is becoming a 
partisan thing and that's the 

522
00:29:36,100 --> 00:29:37,500
last thing that I want to 
happen. 

523
00:29:37,500 --> 00:29:42,200
At the end of the day, Bitcoin 
is Is for everybody, Bitcoin 

524
00:29:42,200 --> 00:29:48,300
helps the right-wing ideology of
sovereignty Liberty and Bitcoin 

525
00:29:48,300 --> 00:29:52,100
helps the left-wing ideology of 
helping the underprivileged, 

526
00:29:52,100 --> 00:29:56,300
helping the unbanked helping the
people that got hurt the most by

527
00:29:56,300 --> 00:30:00,200
the financial system. 
It literally helps both sides, 

528
00:30:00,200 --> 00:30:04,400
Bitcoin is a political and I'm 
glad that you're starting to see

529
00:30:04,700 --> 00:30:07,600
a bipartisan effort in Congress 
to help it. 

530
00:30:07,600 --> 00:30:09,700
So at least there's a silver 
lining. 

531
00:30:10,100 --> 00:30:12,800
It fucking sucks. 
But again, I'm a Libertarian at 

532
00:30:12,800 --> 00:30:15,100
heart. 
I don't think that the u.s. 

533
00:30:15,100 --> 00:30:18,100
government which Big Winners 
should be cheering, the US 

534
00:30:18,100 --> 00:30:21,200
government to kill aetherium by 
claiming it. 

535
00:30:21,200 --> 00:30:23,100
A security that is some weak 
sauce. 

536
00:30:23,200 --> 00:30:27,700
We need to beat it in the free 
and open market. 

537
00:30:27,800 --> 00:30:31,700
That's how we win. 
We don't win by hoping and 

538
00:30:31,700 --> 00:30:35,000
loving some government 
regulation to stomp out our 

539
00:30:35,000 --> 00:30:37,200
competition. 
That's some crony capitalism 

540
00:30:37,200 --> 00:30:39,500
bullshit. 
So, when I see bitcoiners saying

541
00:30:39,500 --> 00:30:42,700
that on, Just kind of like, 
dude, do you hear yourself right

542
00:30:42,700 --> 00:30:43,800
now? 
I get that. 

543
00:30:43,800 --> 00:30:46,400
You don't like, etherium. 
I get that at the room Central 

544
00:30:46,400 --> 00:30:47,800
II. 
Get that etherium. 

545
00:30:47,800 --> 00:30:51,100
Centrally planned. 
But dude, come on, man. 

546
00:30:51,100 --> 00:30:52,500
We gotta beat it fair and 
square. 

547
00:30:52,600 --> 00:30:54,600
Anyways, Opti, what are your 
thoughts brother? 

548
00:30:55,200 --> 00:31:01,000
Well, the cftc can say that 
youth is a commodity or hope 

549
00:31:01,000 --> 00:31:04,200
that youth is a commodity but we
all know the truth that eateth 

550
00:31:04,200 --> 00:31:08,000
is a scam Point Blank period. 
It is the biggest Affinity scam 

551
00:31:08,000 --> 00:31:11,100
in the space but I Agree with 
what you said. 

552
00:31:11,100 --> 00:31:13,800
Nico. 
You know, I'm not big on the 

553
00:31:13,800 --> 00:31:16,100
government, you know, they go, 
fuck themselves. 

554
00:31:16,100 --> 00:31:20,200
I'm not big on Authority. 
So I would much rather just see 

555
00:31:20,200 --> 00:31:23,100
Bitcoin win on the free market, 
which I believe it is doing as 

556
00:31:23,100 --> 00:31:25,500
we speak. 
So, just continue to push 

557
00:31:25,500 --> 00:31:31,100
Bitcoin, but I think this is a 
greater point that we've been 

558
00:31:31,100 --> 00:31:37,000
saying for a while about the 
reef and the eith. being 

559
00:31:37,000 --> 00:31:40,000
intermingled and is there some 
kind of pressure on the 

560
00:31:40,000 --> 00:31:46,100
politicians from the global 
cabals, The Reef members to add 

561
00:31:46,100 --> 00:31:49,500
Bitcoin or sorry eat as a 
commodity so that they can you 

562
00:31:49,500 --> 00:31:54,000
know slide this through under 
the rug and and continue to scam

563
00:31:54,000 --> 00:31:59,600
in peace but as I believe it was
Congressman Warren Davidson said

564
00:31:59,600 --> 00:32:04,100
there's Bitcoin and their shit 
coin guys this is what you need 

565
00:32:04,100 --> 00:32:07,300
to show people that there's A 
fundamental difference between 

566
00:32:07,300 --> 00:32:12,000
Bitcoins and shit coins and this
is why we do what we do and I 

567
00:32:12,000 --> 00:32:15,000
really love that you added 
Bitcoin is for everyone because 

568
00:32:15,000 --> 00:32:19,300
I was going to say the exact 
same thing as we like to say on 

569
00:32:19,300 --> 00:32:22,600
Twitter a lot Bitcoin is for 
enemies as Anika likes to say 

570
00:32:22,600 --> 00:32:26,500
Bitcoin is a bipartisan issue 
and as everyone needs to know, 

571
00:32:26,500 --> 00:32:29,700
Bitcoin is for everyone. 
Everyone needs Bitcoin right now

572
00:32:29,700 --> 00:32:34,400
because the Legacy Financial 
system is wrecked, guys. 

573
00:32:34,400 --> 00:32:37,400
Bitcoin is the escape, And they 
know it. 

574
00:32:37,400 --> 00:32:39,400
So they have to muddy the 
waters. 

575
00:32:39,400 --> 00:32:42,200
Hence, why they're doing what 
they're doing? 

576
00:32:42,500 --> 00:32:44,200
It's very simple propaganda, 
guys. 

577
00:32:44,200 --> 00:32:46,500
We are propagandas and we're 
proud of it. 

578
00:32:46,500 --> 00:32:49,700
So we know their techniques as 
Nico, he says know, your enemy 

579
00:32:49,700 --> 00:32:52,600
and know how they work. 
This is why we do this. 

580
00:32:53,400 --> 00:32:57,300
Yep, this is why we cover. 
This is why we get our news from

581
00:32:57,500 --> 00:33:00,700
the Legacy Financial media. 
You gotta you gotta get inside 

582
00:33:00,700 --> 00:33:02,000
their brains if you would beat 
them. 

583
00:33:02,000 --> 00:33:08,100
Anyways, Simona same I had a 
really good comment. 

584
00:33:08,100 --> 00:33:11,000
I said Nick. 
He said he or she sorry. 

585
00:33:11,000 --> 00:33:14,200
I don't know. 
Said or they. 

586
00:33:14,200 --> 00:33:16,200
He she or they you got to be 
inclusive. 

587
00:33:17,600 --> 00:33:20,600
Nico, you're wrong. 
After the bill will be passed. 

588
00:33:20,600 --> 00:33:24,500
Eith needs big going to have in 
such a bill Bitcoin will be 

589
00:33:24,500 --> 00:33:28,300
bands because it's proof of work
and not proof of stake. 

590
00:33:28,500 --> 00:33:34,300
So I so yeah, I don't agree. 
The intentions of politicians. 

591
00:33:34,300 --> 00:33:37,100
They could be pulling a fast. 
Last one, I absolutely agree. 

592
00:33:37,100 --> 00:33:39,700
But remember how the u.s. is 
structured, right? 

593
00:33:39,700 --> 00:33:43,100
The individual states have a 
tremendous amount of sovereignty

594
00:33:43,100 --> 00:33:46,100
over the federal government and 
specifically with the ruling 

595
00:33:46,600 --> 00:33:49,800
West Virginia versus the EPA, 
right? 

596
00:33:49,900 --> 00:33:56,600
The Supreme Court struck down 
the epa's ability to, to get 

597
00:33:56,600 --> 00:34:00,800
control how states are producing
power and how they're not 

598
00:34:00,800 --> 00:34:04,300
producing power, right? 
So, for example, if New York 

599
00:34:04,300 --> 00:34:07,300
state which is what they're 
doing bands, Of work, California

600
00:34:07,300 --> 00:34:10,600
bands proof of work because it's
so called energy usage. 

601
00:34:10,699 --> 00:34:12,900
What you're going to see, you're
going to see that opportunity 

602
00:34:12,900 --> 00:34:17,400
flock to more friendly Bitcoin 
States and seeing that in real 

603
00:34:17,400 --> 00:34:21,199
time with a lot of Bitcoin. 
Miners, going to Texas, Texas is

604
00:34:21,199 --> 00:34:24,800
a big going strong. 
Hold it is the Bitcoin Alamo, 

605
00:34:24,800 --> 00:34:28,900
it's not going anywhere but when
is so entrenched there, you have

606
00:34:28,900 --> 00:34:34,699
a very well known very well 
known Bitcoin politicians are 

607
00:34:34,699 --> 00:34:38,199
sorry a very well-known Titian 
Ted Cruz that run for president.

608
00:34:38,199 --> 00:34:41,800
He's literally talking about and
some of his political rallies 

609
00:34:41,800 --> 00:34:45,000
about how awesome Bitcoin is. 
Right? 

610
00:34:45,000 --> 00:34:48,900
So yeah, I don't see Texas, 
going anywhere. 

611
00:34:49,000 --> 00:34:51,300
You also have Wyoming right? 
Cynthia lummis. 

612
00:34:51,699 --> 00:34:57,000
She's working so much on on the,
the Bitcoin bill because I oming

613
00:34:57,000 --> 00:34:59,200
at the end of the day, it's a 
very poor State. 

614
00:34:59,300 --> 00:35:01,200
And what they're doing is 
they're trying to attract 

615
00:35:01,200 --> 00:35:05,400
business by getting the Bitcoin 
Banks whether that's Catlin 

616
00:35:05,400 --> 00:35:09,500
Long's. 
A bank or cracking Bank set up 

617
00:35:09,500 --> 00:35:12,500
there, right? 
So again, if it was any other 

618
00:35:12,500 --> 00:35:16,700
country with a strong central 
government, I would say, yeah, 

619
00:35:17,200 --> 00:35:19,800
perhaps maybe this isn't such 
good news but because it's the 

620
00:35:19,808 --> 00:35:22,800
United States because of how the
United States is structured 

621
00:35:22,800 --> 00:35:26,400
government wise. 
I'm very bullish on the future 

622
00:35:26,400 --> 00:35:28,600
of Bitcoin in the u.s. so, but 
we did. 

623
00:35:28,600 --> 00:35:30,700
You definitely still have to be 
careful and you definitely can't

624
00:35:30,700 --> 00:35:34,900
put your your guard down, 
anyways. 

625
00:35:36,000 --> 00:35:40,400
Let's move on to the fail Opti. 
You got to enable permissions in

626
00:35:40,400 --> 00:35:45,500
the settings for you to screen. 
Okay, sir, let me figure this 

627
00:35:45,500 --> 00:35:50,700
out. 
It's time for the daily fail 

628
00:35:50,800 --> 00:35:53,900
brought to you by Swan 
Bitcoin.com, Swan is the best 

629
00:35:53,900 --> 00:35:57,400
place to build your Bitcoin 
stack with automated Bitcoin 

630
00:35:57,400 --> 00:36:00,600
savings plans and instant 
purchases serving clients of any

631
00:36:00,600 --> 00:36:05,600
size from ten dollars to ten 
million dollars. 

632
00:36:05,800 --> 00:36:09,200
So I'm Bitcoin alliance with 
simply Bitcoins values y because

633
00:36:09,200 --> 00:36:13,800
they incentivize taking Bitcoin 
into self custody which is how 

634
00:36:13,800 --> 00:36:16,200
we win this decentralized 
Revolution. 

635
00:36:16,400 --> 00:36:21,100
And of course, they It's advised
dollar cost averaging spread out

636
00:36:21,100 --> 00:36:25,500
that wrist layer into Bitcoin. 
Use it as a savings technology 

637
00:36:25,600 --> 00:36:28,800
rather than speculation. 
Check out Swan Bitcoin.com 

638
00:36:28,800 --> 00:36:31,300
today. 
Nika. 

639
00:36:31,300 --> 00:36:33,600
I'm having technical 
difficulties that won't let me 

640
00:36:33,600 --> 00:36:36,400
share. 
I guess I messed up but I can 

641
00:36:36,400 --> 00:36:40,300
still try to cover it. 
Yeah, don't worry, I'll pull it 

642
00:36:40,300 --> 00:36:41,600
up. 
I'll pull up the screen. 

643
00:36:41,700 --> 00:36:45,100
Pull up to that ago. 
Apologies guys, I again I 

644
00:36:45,108 --> 00:36:49,100
updated my computer, it's 
messing up with me but we are 

645
00:36:49,100 --> 00:36:50,500
going to cover the BlackRock 
news. 

646
00:36:50,500 --> 00:36:52,400
I hope Nico could pull it up for
you guys. 

647
00:36:52,400 --> 00:36:55,300
So let me just cover these 
headlines. 

648
00:36:55,300 --> 00:36:58,900
Just follow along with me. 
We are on Bloomberg and we got a

649
00:36:58,900 --> 00:37:02,700
headline right here and it goes.
Rock teams up with coinbase and 

650
00:37:02,700 --> 00:37:06,800
crypto Market expansion. 
So, I'm gonna, I'm gonna break 

651
00:37:06,800 --> 00:37:08,700
down this article on that. 
I'm going to tell you a little 

652
00:37:08,700 --> 00:37:12,100
story and then we're going to 
get some, some bitcoiners takes 

653
00:37:12,600 --> 00:37:15,900
and we will discuss this. 
So as you can see, black rock 

654
00:37:15,900 --> 00:37:18,300
teams up with coinbase and 
crypto Market expansion, the 

655
00:37:18,300 --> 00:37:21,900
partnership will help clients 
oversee their Bitcoin exposure. 

656
00:37:22,300 --> 00:37:25,000
Even in the face of coinbase 
facing an SEC probe. 

657
00:37:25,000 --> 00:37:28,900
So BlackRock is partnering with 
coinbase to make it easier for 

658
00:37:28,900 --> 00:37:32,000
institutional investors. 
Has to manage and trade Bitcoin.

659
00:37:32,500 --> 00:37:37,800
And, of course, coin basis stock
exploded. 32%, since this news, 

660
00:37:37,800 --> 00:37:40,800
so top BlackRock clients will be
able to use it to Latin 

661
00:37:40,800 --> 00:37:43,400
investment management system to 
oversee their exposure, to 

662
00:37:43,400 --> 00:37:46,500
bitcoin, along with other 
portfolio assets such as stocks 

663
00:37:46,500 --> 00:37:50,100
and bonds and to facilitate 
financing and trading on coin 

664
00:37:50,100 --> 00:37:51,800
basis. 
Exchange the focus of the 

665
00:37:51,800 --> 00:37:55,600
partnership with coinbase Will 
initially, be on bitcoin. 

666
00:37:55,900 --> 00:37:58,200
I guess some silver lining at 
least they're not going straight

667
00:37:58,200 --> 00:38:03,100
into shit coronary but We'll 
explain why this is a fail just 

668
00:38:03,100 --> 00:38:05,600
follow along with me. 
So the move underscores how wall

669
00:38:05,600 --> 00:38:08,400
Street's traditional Financial 
players are expanding deeper 

670
00:38:08,400 --> 00:38:10,900
into crypto and related 
Technologies. 

671
00:38:10,900 --> 00:38:13,500
Even after this year's meltdown 
in such assets. 

672
00:38:13,500 --> 00:38:16,900
Of course they got to mention 
the price but Black Rock chose 

673
00:38:17,400 --> 00:38:21,000
coinbase as a partner because of
its scale in the market and its 

674
00:38:21,000 --> 00:38:23,800
role in providing trading 
custody Services, Prime 

675
00:38:23,800 --> 00:38:26,100
brokerage and Reporting 
capabilities. 

676
00:38:26,100 --> 00:38:29,900
The services will be available 
for clients of both companies. 

677
00:38:30,200 --> 00:38:32,700
Our institutional clients are 
increasingly interested in 

678
00:38:32,700 --> 00:38:36,200
gaining exposure to digital 
asset markets, and our focus on 

679
00:38:36,200 --> 00:38:39,300
how to efficiently manage the 
operational life cycle of these 

680
00:38:39,300 --> 00:38:42,800
assets, says, black rocks, 
Global head of strategic eco, 

681
00:38:42,800 --> 00:38:46,400
eco system partnership. 
And here's some, maybe some 

682
00:38:46,408 --> 00:38:47,900
bullish signal in here for you 
guys. 

683
00:38:47,900 --> 00:38:50,100
Institutional investors 
accounted for about 

684
00:38:50,100 --> 00:38:53,000
three-quarters of the three 
hundred and nine billion dollars

685
00:38:53,000 --> 00:38:56,100
in trading volume on coinbase in
the first quarter. 

686
00:38:56,100 --> 00:38:58,900
Remember everyone saying 
institutions comment? 

687
00:38:58,900 --> 00:39:02,100
Well, there he Guys, the 
coinbase partnership between 

688
00:39:02,100 --> 00:39:04,900
BlackRock and Aladdin is an 
exciting milestone. 

689
00:39:04,900 --> 00:39:08,600
For our firm, we are committed 
to pushing the industry forward 

690
00:39:08,600 --> 00:39:10,700
and creating new action access 
point. 

691
00:39:10,700 --> 00:39:14,600
As institutional crypto adoption
continues to rapidly accelerate 

692
00:39:14,700 --> 00:39:17,000
says head of coinbase 
institutional. 

693
00:39:17,200 --> 00:39:20,400
So, here we go. 
A little bit at the end, and 

694
00:39:20,400 --> 00:39:23,800
this is where we'll start to go 
into the fails for BlackRock. 

695
00:39:23,800 --> 00:39:26,900
The partnership is the next step
in a wider strategy to expand 

696
00:39:26,900 --> 00:39:31,400
its digital assets CEO, Larry 
Fink Said in March at the firm 

697
00:39:31,400 --> 00:39:34,200
was studying the growing 
importance of digital assets and

698
00:39:34,200 --> 00:39:37,500
stable coins and how they can be
used to help clients and one 

699
00:39:37,500 --> 00:39:39,900
last Ted bit the following 
month, the company joined a 

700
00:39:39,900 --> 00:39:43,600
group of investors in circle, 
internet Financial, the issuer 

701
00:39:43,600 --> 00:39:48,300
of USD coin, a stable coin, so 
apologies for not having the 

702
00:39:48,300 --> 00:39:52,000
links and because you could just
maybe put my face on here, I 

703
00:39:52,000 --> 00:39:55,400
went and did a little research. 
We want to tell you why this is 

704
00:39:55,400 --> 00:39:58,200
a fail. 
Well, if you followed simply 

705
00:39:58,200 --> 00:40:02,200
Bitcoin for a while, you know. 
That black rock is one of the 

706
00:40:02,200 --> 00:40:07,200
biggest, not only, as I say, the
largest asset manager in the 

707
00:40:07,200 --> 00:40:11,400
world, but they are very, very 
strong handed and pushing the 

708
00:40:11,400 --> 00:40:15,100
ESG narrative. 
And what is the ESG integration?

709
00:40:15,100 --> 00:40:17,700
You already know what it is, but
for those that are new to this, 

710
00:40:17,700 --> 00:40:23,100
it's the environmental social 
and government integration or as

711
00:40:23,100 --> 00:40:27,800
I like to call it sustainable 
investing and I think here is 

712
00:40:27,800 --> 00:40:29,800
here's the meat of it ESG 
metrics. 

713
00:40:30,100 --> 00:40:33,300
I'd insight into these 
intangibles such as brand value 

714
00:40:33,300 --> 00:40:36,500
and reputation by measuring 
decisions taken by company 

715
00:40:36,500 --> 00:40:39,700
management, that affects 
operational efficiency and 

716
00:40:39,700 --> 00:40:43,400
future strategic directions. 
And I'm just going to read you a

717
00:40:44,100 --> 00:40:47,000
headline from Black Rock on 
their new site. 

718
00:40:47,000 --> 00:40:49,800
Managing The Net Zero 
transition. 

719
00:40:49,800 --> 00:40:54,600
We have investing in the 
transition to NetZero block 

720
00:40:54,600 --> 00:40:57,600
rate, Block rock to establish 
Perpetual infrastructure 

721
00:40:57,600 --> 00:41:00,700
strategy, amazing. 
I'm Using. 

722
00:41:00,700 --> 00:41:03,900
And so I wanted to, you know, 
dive a little deeper in the 

723
00:41:03,900 --> 00:41:05,700
Blackhawk. 
Let's let's see what's going on.

724
00:41:05,700 --> 00:41:08,400
And I found this article by 
Business Insider and it says 

725
00:41:08,400 --> 00:41:12,000
nine, fascinating facts to know 
a black about Black Rock, the 

726
00:41:12,000 --> 00:41:15,200
world's largest asset manager. 
And I'm just going to give you 

727
00:41:15,200 --> 00:41:18,400
the headlines of it because I 
want to get into the fail. 

728
00:41:18,400 --> 00:41:21,600
Aspect Block rock overseas 10 
trillion dollars making it the 

729
00:41:21,600 --> 00:41:23,800
largest money manager in the 
world. 

730
00:41:23,900 --> 00:41:26,900
It runs a massive technology 
platform that oversees at least 

731
00:41:26,900 --> 00:41:30,000
twenty one point six trillion 
dollars in assets. 

732
00:41:30,100 --> 00:41:34,400
At Black Rock has hired. 
Many former government officials

733
00:41:34,400 --> 00:41:40,200
into senior roles then we have. 
The firm played a significant 

734
00:41:40,200 --> 00:41:43,600
role in aiding the Federal 
Reserve in early 2020. 

735
00:41:44,000 --> 00:41:46,700
The Federal Reserve tap 
BlackRock during the last 

736
00:41:46,700 --> 00:41:51,300
financial crisis as well. 
Six think has been vocal on 

737
00:41:51,300 --> 00:41:54,500
matters of climate change urging
other companies leaders to 

738
00:41:54,500 --> 00:41:59,000
consider the associated risk. 
And the last one, black, how 

739
00:41:59,100 --> 00:42:01,900
Black Rock has made? 
Lots of Acquisitions, think of 

740
00:42:01,900 --> 00:42:05,100
BlackRock as a firm that has 
gobbled up lots of competitors 

741
00:42:05,100 --> 00:42:07,700
in its path over the years. 
The firm has purchased Legacy 

742
00:42:07,700 --> 00:42:11,500
businesses and fintech startups.
Looking to keep an edge as 

743
00:42:11,500 --> 00:42:15,800
traditional money management 
isn't as profitable and unique. 

744
00:42:15,800 --> 00:42:19,900
As it once was. 
Well, I really wish I had this 

745
00:42:19,900 --> 00:42:22,600
for Nico. 
Maybe I can get it to you guys 

746
00:42:22,600 --> 00:42:26,800
really quick in the, in the 
know, my camera is off to well 

747
00:42:26,800 --> 00:42:29,800
really wrecked. 
Oh my God, amazing. 

748
00:42:30,300 --> 00:42:34,700
All right, Nika, I think I need 
a new camera up in here, Jesus. 

749
00:42:34,900 --> 00:42:36,600
Okay. 
One second guys. 

750
00:42:36,600 --> 00:42:40,600
Here we go. 
Let me get this, this headline 

751
00:42:40,600 --> 00:42:42,700
to Nico. 
Maybe he can get it to you guys.

752
00:42:42,700 --> 00:42:48,300
And the headline goes, this was 
dated October, 13 2017, 

753
00:42:48,600 --> 00:42:52,700
BlackRock CL Larry Fink calls 
Bitcoin in index of money 

754
00:42:52,700 --> 00:42:55,700
laundering. 
Well, Here we go. 

755
00:42:55,700 --> 00:43:00,000
Again, just the narrative switch
is is amazing. 

756
00:43:00,200 --> 00:43:03,600
It only takes 45 years for 
people to come around or rather 

757
00:43:03,600 --> 00:43:08,900
as I like to say they got to PR 
spin this in one way or another.

758
00:43:08,900 --> 00:43:11,800
So what do they do? 
They fud Bitcoin so that they 

759
00:43:11,800 --> 00:43:15,700
can buy their position and then 
once they have a position They 

760
00:43:15,700 --> 00:43:18,100
will announce that they are 
entering the space. 

761
00:43:18,100 --> 00:43:23,400
This is standard standard Fudd 
and propaganda from no corners 

762
00:43:23,400 --> 00:43:26,700
and shit Corners. 
So I put this out on Twitter, 

763
00:43:26,700 --> 00:43:29,900
this morning, just in coinbase 
partners with BlackRock to 

764
00:43:29,900 --> 00:43:32,800
provide institutional clients of
Aladdin access to bitcoin. 

765
00:43:32,800 --> 00:43:36,300
And, of course, my commentary 
Lowell match, made in hell. 

766
00:43:36,500 --> 00:43:39,400
And then we got a comment here 
by our friend uploading logic, 

767
00:43:39,400 --> 00:43:43,800
and he goes government, Bitcoin 
capture strategy, engage agreed,

768
00:43:43,800 --> 00:43:46,600
and we got another one by at 
bronze father and he goes, 

769
00:43:46,800 --> 00:43:52,400
rehypothecation is the state 
attack and continued I really 

770
00:43:52,400 --> 00:43:54,700
wish here Nico. 
I'm going to send you another 

771
00:43:54,700 --> 00:43:59,200
one because As we need to see 
this, we need to see this one up

772
00:43:59,200 --> 00:44:03,400
on here because it is a meme. 
And, you know, me memes, paint a

773
00:44:03,400 --> 00:44:05,400
picture. 
And this one's by, at Pedro and 

774
00:44:05,400 --> 00:44:09,000
vpg, and he goes shit, coin. 
Casino partnering with Fiat 

775
00:44:09,000 --> 00:44:10,600
platform to capture more 
Bitcoin. 

776
00:44:10,600 --> 00:44:12,800
Under management is not good 
news. 

777
00:44:12,800 --> 00:44:16,200
GTFO of the Bitcoin custodian 
and we have Sovereign, Bitcoin, 

778
00:44:16,200 --> 00:44:19,200
or kyc, exchange and investment 
platform. 

779
00:44:19,200 --> 00:44:23,000
I really hope this is up for you
guys to see and one more comment

780
00:44:23,000 --> 00:44:26,400
before I go into more of the 
bull, Lish Silver Lining 

781
00:44:26,400 --> 00:44:30,200
sentiment of here. 
We got at ghost band 7 and he 

782
00:44:30,200 --> 00:44:34,900
just has the Bitcoin white paper
and he's underlining one very 

783
00:44:34,900 --> 00:44:39,000
important sentence. 
A purely peer-to-peer version of

784
00:44:39,000 --> 00:44:41,700
electronic cash would allow 
online payments to be sent 

785
00:44:41,700 --> 00:44:46,200
directly from one party to 
another without going through a 

786
00:44:46,200 --> 00:44:50,200
financial institution, guys, 
this is why we do this. 

787
00:44:50,800 --> 00:44:55,300
But Just for some silver lining 
stuff because we like to put 

788
00:44:55,300 --> 00:44:59,300
some positive spin while I 
believe this is a fail coinbase 

789
00:44:59,300 --> 00:45:02,100
partnering with BlackRock, 
BlackRock is trying to, you 

790
00:45:02,100 --> 00:45:04,000
know, by every asset in the 
world. 

791
00:45:04,000 --> 00:45:09,400
It definitely feels like 
regulatory or not regulatory 

792
00:45:09,400 --> 00:45:12,900
capture. 
But, but a corporate capture 

793
00:45:12,900 --> 00:45:16,300
because they are big companies, 
they are working together and 

794
00:45:16,300 --> 00:45:20,300
now, they are working in 
lockstep to push the BlackRock 

795
00:45:20,300 --> 00:45:24,200
narrative, which we know to be G
narrative, hence, all the shit 

796
00:45:24,200 --> 00:45:28,800
coins on coinbase. 
Anyways, here is maybe more of 

797
00:45:28,800 --> 00:45:33,500
an off-the-wall take but I think
this is this is actually a legit

798
00:45:33,500 --> 00:45:35,500
take to say what you want. 
You guys could rip me in the 

799
00:45:35,500 --> 00:45:37,900
chat, but this is by Alexander 
leishman. 

800
00:45:38,100 --> 00:45:41,100
And he goes, coinbase deserves 
its fair share of criticism. 

801
00:45:41,100 --> 00:45:44,100
But trust me, you do not want 
them to lose to FTX. 

802
00:45:44,300 --> 00:45:47,000
Coinbase has a core ethos of 
economic Liberty. 

803
00:45:47,200 --> 00:45:51,100
FTX is a pure player of the game
where morals only hold you back,

804
00:45:51,200 --> 00:45:53,700
be careful. 
What you wish for and what 

805
00:45:53,700 --> 00:45:56,700
couple more and we got one by 
Foss Craig Foss and goes people 

806
00:45:56,700 --> 00:45:59,600
are missing the significance of 
the Black Rock / coinbase 

807
00:45:59,600 --> 00:46:03,700
announcement in my opinion it 
will be said in hindsight it was

808
00:46:03,700 --> 00:46:07,700
obvious completely agree and 
then this last one I gotta throw

809
00:46:07,700 --> 00:46:09,400
in some joke. 
Memes in here guys. 

810
00:46:09,900 --> 00:46:11,300
We got mad. 
Oh, down he goes. 

811
00:46:11,300 --> 00:46:15,100
Coinbase drugging Blackrock in 
their clients would be the best 

812
00:46:15,100 --> 00:46:19,500
time line. 
So Mica, what are your thoughts?

813
00:46:20,200 --> 00:46:24,400
Obviously, I consider this Fail.
I'm we've been covering 

814
00:46:24,400 --> 00:46:26,400
BlackRock on here for a long 
time. 

815
00:46:26,700 --> 00:46:30,400
We know what narrative they're 
trying to push and for claim 

816
00:46:30,400 --> 00:46:35,700
base to be in the news for SEC 
fails and now they are in the 

817
00:46:35,700 --> 00:46:39,400
news for teaming up with black 
rock and many people's opinion, 

818
00:46:39,400 --> 00:46:44,300
the enemy of humanity. 
But hey, I am just app lab. 

819
00:46:44,400 --> 00:46:48,500
I am a, you know, I don't have 
an authority figure. 

820
00:46:48,500 --> 00:46:51,900
I am not a political pundit. 
I am just a guy. 

821
00:46:52,000 --> 00:46:55,600
Guy on the internet that put in 
the time to study Bitcoin and 

822
00:46:55,600 --> 00:46:58,800
starts to see things as we like 
to say, we are just plebs with 

823
00:46:58,800 --> 00:47:01,900
Bloomberg account. 
So, Nico Jones, what is your 

824
00:47:01,900 --> 00:47:10,500
view on this? 
Yeah, look black rock is is they

825
00:47:10,500 --> 00:47:13,800
own a slice of every major 
corporation. 

826
00:47:13,800 --> 00:47:17,600
If you go to Apple, Microsoft, 
Facebook, Google, you'll see 

827
00:47:17,600 --> 00:47:19,400
that. 
One of the biggest shareholder 

828
00:47:19,400 --> 00:47:24,200
is Blackrock when you invest in 
an index fund, right? 

829
00:47:25,000 --> 00:47:27,800
You are investing in Black Rock,
right? 

830
00:47:28,000 --> 00:47:31,900
And because of that, they own 
basically every single 

831
00:47:31,900 --> 00:47:34,400
Corporation. 
They have a they have a In it. 

832
00:47:34,600 --> 00:47:38,300
And because of that Larry Fink 
which is the CEO of black rocks,

833
00:47:38,500 --> 00:47:42,500
gets the voting power of holding
all those shares. 

834
00:47:42,700 --> 00:47:46,600
Therefore, he's extremely 
influential and Larry is a big 

835
00:47:46,600 --> 00:47:49,700
fan of the whole ESG movement as
well. 

836
00:47:49,900 --> 00:47:55,100
So to see him allying with a 
company like coins coin based 

837
00:47:55,100 --> 00:47:56,700
definitely did it out of 
Corporation. 

838
00:47:56,700 --> 00:48:00,500
I mean, desperation there, their
stock at Absolute hammered and 

839
00:48:00,500 --> 00:48:03,000
in the last couple of months. 
Yeah. 

840
00:48:04,300 --> 00:48:08,700
Don't don't and I think Alex 
lishman which is the CEO of 

841
00:48:08,700 --> 00:48:13,700
river Financial. 
I'm I'm sad that he doesn't know

842
00:48:13,700 --> 00:48:16,000
better because I think he's 
wrong there. 

843
00:48:16,500 --> 00:48:20,000
Coinbase has always acted like 
it was an enemy of Bitcoin their

844
00:48:20,000 --> 00:48:23,200
incentives. 
Don't align their incentivize 

845
00:48:23,200 --> 00:48:26,300
for shit coin surviving. 
Meaning they have to Ally with 

846
00:48:26,300 --> 00:48:32,100
the state in order to ensure 
that happens and Bitcoin 

847
00:48:32,100 --> 00:48:36,200
inherently is anti-state. 
I just don't think it's 

848
00:48:36,200 --> 00:48:38,800
compatible. 
So it's like, yeah, coinbase 

849
00:48:38,800 --> 00:48:42,300
definitely sell Bitcoin, but 
coinbase, also sells should 

850
00:48:42,300 --> 00:48:45,600
coins. 
And this really started to show.

851
00:48:45,600 --> 00:48:50,000
Like, I'll give you guys. 
An example was when coin Center 

852
00:48:50,500 --> 00:48:54,200
was basically the lobbying 
effort for the Bitcoin and shit,

853
00:48:54,200 --> 00:48:57,500
coin dustry. 
But then, we got absolutely 

854
00:48:57,500 --> 00:48:59,500
ambushed during the 
infrastructure Bill, the 

855
00:48:59,500 --> 00:49:02,700
treasury snuck in some 
Provisions that were inherently 

856
00:49:02,700 --> 00:49:06,300
anti. 
Do Bitcoins Bitcoins and that's 

857
00:49:06,300 --> 00:49:09,400
when the Bitcoin Community 
realized we can't have coin 

858
00:49:09,400 --> 00:49:13,400
Center fighting for us. 
It we need to have our own 

859
00:49:13,400 --> 00:49:16,000
lobbying efforts, right? 
So it's like just because 

860
00:49:16,000 --> 00:49:19,500
they're in the shit coin 
industry and the crypto industry

861
00:49:19,500 --> 00:49:23,400
does not mean that it's 
incentives aligned with Bitcoin 

862
00:49:23,500 --> 00:49:25,700
right? 
The end of the day all shit 

863
00:49:25,700 --> 00:49:30,300
coins are attack on bitcoin shit
coins, don't need to exist. 

864
00:49:30,600 --> 00:49:33,600
If Bitcoin does what it's 
supposed to do, does it? 

865
00:49:33,700 --> 00:49:37,800
Really need to be token, doesn't
need to be a token but if it's 

866
00:49:37,800 --> 00:49:42,000
not a token then the founders 
can't enrich themselves, right? 

867
00:49:42,100 --> 00:49:46,600
So yeah, virtual reality me, had
a really good point, right? 

868
00:49:47,000 --> 00:49:49,800
BlackRock owns microstrategy, I 
mean I would not be surprised, 

869
00:49:49,800 --> 00:49:52,500
right? 
They they own a basically a 

870
00:49:52,500 --> 00:49:56,700
steak and every major 
corporation staying BlackRock, 

871
00:49:56,700 --> 00:50:01,300
and Vanguard. 
So I sent you a tweet by Craig 

872
00:50:01,300 --> 00:50:03,600
Foss Opti. 
I don't know if you've read it. 

873
00:50:03,700 --> 00:50:05,400
It. 
So I'm gonna I did wanna pull it

874
00:50:05,400 --> 00:50:06,200
up. 
Pull it up. 

875
00:50:06,900 --> 00:50:09,500
I'm gonna, I don't know. 
I'll grab it for you. 

876
00:50:09,500 --> 00:50:12,400
I have it right here. 
One second, apologies, guys. 

877
00:50:12,400 --> 00:50:14,500
New computer. 
I am trying to figure it out. 

878
00:50:14,500 --> 00:50:18,700
I thought I had it all worked 
out for you guys because here 

879
00:50:18,700 --> 00:50:20,600
obviously it's not putting the 
private chat. 

880
00:50:21,800 --> 00:50:23,000
You got it. 
Let me pull it up. 

881
00:50:23,000 --> 00:50:27,400
Here we go. 
Greg Faust says people are 

882
00:50:27,400 --> 00:50:30,300
missing the significance of the 
Black Rose Ash coinbase 

883
00:50:30,300 --> 00:50:33,700
announcement. 
It will be said in hindsight, it

884
00:50:33,700 --> 00:50:35,300
was obvious. 
I agree. 

885
00:50:35,300 --> 00:50:38,200
Look at the end of the day, you 
know, we're taking the more 

886
00:50:38,200 --> 00:50:41,900
cautious pleb Bitcoin 
perspective, we're just like 

887
00:50:41,900 --> 00:50:45,200
okay, but I don't really trust 
those guys. 

888
00:50:45,200 --> 00:50:49,500
At the end of the day, they do 
have access to a significant 

889
00:50:49,600 --> 00:50:53,600
amount of the world's wealth. 
And if a see, if a portion of 

890
00:50:53,600 --> 00:50:55,000
the world's wealth has been 
Bitcoin. 

891
00:50:55,000 --> 00:50:59,000
That's bullish, but I bet you 
none of that wealth would be 

892
00:50:59,000 --> 00:51:03,000
taking of custody, so it would 
literally wouldn't be solving 

893
00:51:03,000 --> 00:51:04,500
anything. 
Because now it's black. 

894
00:51:04,500 --> 00:51:08,800
Rock, that is owning and holding
a lot of the world's Bitcoin. 

895
00:51:09,500 --> 00:51:11,100
Definitely don't want to hear 
that. 

896
00:51:11,800 --> 00:51:17,100
Anyways, alright. 
Alright, let's move on to the 

897
00:51:17,100 --> 00:51:21,300
meme review, I'm for the daily 
meme review. 

898
00:51:21,400 --> 00:51:23,100
Brought to you by Citadel 21. 
It's the best. 

899
00:51:23,100 --> 00:51:25,400
Bitcoin cultural scene is 
stories articles, comments by 

900
00:51:25,400 --> 00:51:27,400
actual bitcoiners is artwork for
volume 10th. 

901
00:51:27,600 --> 00:51:31,200
This is artwork for volume 11 
and is the artwork for volume to

902
00:51:31,200 --> 00:51:33,400
volunteer is almost sold out 
because there's only 1000 

903
00:51:33,400 --> 00:51:36,700
physical copies made per volume.
Get your prints of Citadel 21 

904
00:51:36,700 --> 00:51:42,000
today before they run out. 
All right guys, this one's gonna

905
00:51:42,000 --> 00:51:43,600
be a little different than 
usual. 

906
00:51:43,700 --> 00:51:47,000
This is a little longer meme 
than usual but I really feel 

907
00:51:47,000 --> 00:51:50,400
that we need to play this whole 
video completely and since I 

908
00:51:50,400 --> 00:51:53,900
don't have all my Other stuff. 
Maybe it all, it all out. 

909
00:51:54,600 --> 00:51:55,800
It'll be a wash. 
Okay. 

910
00:51:55,800 --> 00:51:59,100
So let me play this for you guys
because this is absolutely 

911
00:51:59,100 --> 00:52:01,800
hilarious. 
Shout out to D Whitman BTC, I 

912
00:52:01,800 --> 00:52:05,500
tagged the wrong D. 
Whitman on today's Twitter post 

913
00:52:05,500 --> 00:52:09,100
but go follow at D. 
Whitman BTC, he's been putting 

914
00:52:09,100 --> 00:52:14,100
out, fire fire signal on Twitter
and he got this from apparently 

915
00:52:14,100 --> 00:52:18,000
a shit corner. 
But sometimes shit Corners can 

916
00:52:18,000 --> 00:52:20,500
give you guys true. 
So check this out, dude. 

917
00:52:22,700 --> 00:52:38,500
Hey. 
Well, I gotta say I'm incredibly

918
00:52:38,500 --> 00:52:41,900
excited to be part of Dow. 
I mean the community built his 

919
00:52:42,200 --> 00:52:43,600
absolute. 
Fuck the community. 

920
00:52:44,700 --> 00:52:48,400
And this, it's a great Suite. 
We can't, you can't play more of

921
00:52:48,400 --> 00:52:51,500
it, okay. 
All right. 

922
00:52:52,000 --> 00:52:56,000
Nika Nika, censoring me guys. 
No, I'm playing. 

923
00:52:56,000 --> 00:52:57,300
I'm playing. 
All right. 

924
00:52:57,300 --> 00:53:00,400
Let me, let's see if I can get 
this other one, a couple of more

925
00:53:00,400 --> 00:53:02,800
of these up on here. 
So you can see them. 

926
00:53:03,100 --> 00:53:06,000
We got the next one by ghosts, 
of Becca, she's been killing it 

927
00:53:06,000 --> 00:53:10,400
with the Bitcoin, Twitter gossip
weekly and this one, of course, 

928
00:53:10,400 --> 00:53:13,400
I had to put it out, not just 
because we are in it, but 

929
00:53:13,400 --> 00:53:19,200
because we Want to give Hot or 
Not some support and everyone 

930
00:53:19,200 --> 00:53:21,600
out there. 
You guys should know that hot or

931
00:53:21,600 --> 00:53:24,900
not is the next one on the plate
to battle csw. 

932
00:53:24,900 --> 00:53:28,400
So, we are all hot or not and he
is going to be in court in 

933
00:53:28,400 --> 00:53:33,200
September to fight fake Toshi. 
So go give him some support 

934
00:53:33,200 --> 00:53:35,800
because he's definitely going to
need it. 

935
00:53:35,800 --> 00:53:42,400
He's in for a battle and man 
Just just stand strong, hot or 

936
00:53:42,400 --> 00:53:43,600
not. 
We know you're we know you're 

937
00:53:43,600 --> 00:53:46,000
strong guy. 
We know you're going to make it.

938
00:53:46,100 --> 00:53:51,600
So let's go. 
Next one is by Rd B TC and it 

939
00:53:51,600 --> 00:53:54,700
since its inflation. 
Again Central bank's inflation 

940
00:53:54,700 --> 00:53:56,300
that Simpsons. 
He's kicking out. 

941
00:53:56,300 --> 00:53:58,800
What is it Moe? 
And it goes raise the interest 

942
00:53:58,800 --> 00:54:03,400
rate by one bip Central bank's 
inflation right behind them. 

943
00:54:03,700 --> 00:54:05,600
Of course. 
Okay. 

944
00:54:05,600 --> 00:54:08,900
Let's see what this next one is 
Nika. 

945
00:54:08,900 --> 00:54:11,600
Tell me what's up with the 
Because I am not looking at the 

946
00:54:11,600 --> 00:54:14,000
time right now, but we have one 
last one. 

947
00:54:15,200 --> 00:54:18,000
Yes, we will do one last one 
because I think we're getting to

948
00:54:18,000 --> 00:54:19,700
the time. 
This is, by at shower hot oil 

949
00:54:19,800 --> 00:54:22,200
and we talked about the Solana 
fail yesterday. 

950
00:54:22,200 --> 00:54:26,000
So of course, I got to put a 
meme on here today and it's a 

951
00:54:26,000 --> 00:54:29,500
variation of the Drake. 
Meme, Drake is Solana and it 

952
00:54:29,500 --> 00:54:32,700
goes TPS equals transactions per
second. 

953
00:54:32,800 --> 00:54:36,300
Nah, TPS equals theft per 
second. 

954
00:54:36,600 --> 00:54:39,500
So let's go. 
Okay. 

955
00:54:39,500 --> 00:54:40,700
All right. 
Guys. 

956
00:54:40,900 --> 00:54:46,000
Well, I apologize for my very 
clunky clunky meme review today,

957
00:54:46,000 --> 00:54:50,400
but I have an epic epic meme 
score that I picked out 

958
00:54:50,400 --> 00:54:53,100
specifically for you guys 
because I do this for the 

959
00:54:53,100 --> 00:54:54,800
culture. 
So, hold on, hold on. 

960
00:54:56,700 --> 00:55:01,700
We got a basketball, because 
everything is basketball, boys 

961
00:55:01,700 --> 00:55:08,600
and girls. 
I got some flour or wheat in a 

962
00:55:08,600 --> 00:55:11,900
vase. 
Yeah, it's a good score. 

963
00:55:11,900 --> 00:55:16,200
Anyways, guys, let us know put 
your score down in the chat make

964
00:55:16,200 --> 00:55:19,500
Opti and I feel very 
uncomfortable while we read it, 

965
00:55:19,500 --> 00:55:25,900
do it quickly, we got some BTC 
pins, you're going to play the 

966
00:55:25,900 --> 00:55:30,400
yellow video, right? 
It's Locke says Nico looks like 

967
00:55:30,400 --> 00:55:38,900
that lady on the European beer. 
I'll give them a used, golf tee.

968
00:55:41,900 --> 00:55:44,400
Oh, man. 
All right, all right, guys, good

969
00:55:44,400 --> 00:55:46,200
scores. 
Good scores for some awesome 

970
00:55:46,200 --> 00:55:47,700
memes. 
We are all hot a lot. 

971
00:55:47,700 --> 00:55:49,900
Yes. 
Shout-out to his, his glorious 

972
00:55:49,900 --> 00:55:54,100
fights against fake Toshi also 
known as Craig. 

973
00:55:54,100 --> 00:55:55,900
Right. 
We got btz pins. 

974
00:55:55,900 --> 00:55:59,100
I give those azuz hat. 
That's a very good score. 

975
00:55:59,200 --> 00:56:01,300
Love your hands brother. 
Love your pins. 

976
00:56:01,300 --> 00:56:02,900
Wear them all the time. 
On the show. 

977
00:56:03,700 --> 00:56:05,400
Oh, Loco. 
Very clever. 

978
00:56:06,800 --> 00:56:09,700
A black rock. 
Oh, Marius is going to because 

979
00:56:09,700 --> 00:56:11,800
we don't comfortable. 
He's going to give it a Its 

980
00:56:11,800 --> 00:56:13,600
core. 
He's going to give it one 

981
00:56:13,600 --> 00:56:14,700
Solana. 
Nft. 

982
00:56:14,700 --> 00:56:19,000
This is simply Bitcoin brother. 
You got the wrong show and 

983
00:56:19,000 --> 00:56:22,200
Alexander gave it an orange 
heart. 

984
00:56:22,200 --> 00:56:24,700
Anyways. 
Awesome scores for some awesome 

985
00:56:24,700 --> 00:56:25,200
memes. 
Guys. 

986
00:56:25,200 --> 00:56:27,900
Join our telegram group the link
is down below. 

987
00:56:27,900 --> 00:56:31,100
It's absolutely free. 
It's a hangout in their Bunch 

988
00:56:31,100 --> 00:56:34,700
bitcoiners just posting memes. 
We could review the means that 

989
00:56:34,700 --> 00:56:37,500
you post on the meme score, it's
gonna be awesome. 

990
00:56:37,600 --> 00:56:41,600
Definitely want to join. 
But anyways, today we have a 

991
00:56:41,600 --> 00:56:43,500
software release. 
Let's check it out. 

992
00:56:49,300 --> 00:56:53,800
All right, the software release 
is brought to you by Cipher 

993
00:56:53,800 --> 00:56:58,600
safe. 
I first safe is the best way to 

994
00:56:58,600 --> 00:57:02,400
store your Bitcoin seed. 
You don't want to store it on 

995
00:57:02,400 --> 00:57:05,200
paper. 
Paper is water own. 

996
00:57:05,200 --> 00:57:07,900
It's fire-prone. 
Its water. 

997
00:57:07,900 --> 00:57:09,700
Prohm definitely don't want to 
do it. 

998
00:57:09,700 --> 00:57:16,200
You want to store your seed on. 
Metal metal is a lot better it 

999
00:57:16,200 --> 00:57:18,200
lasts a lot longer and its 
water. 

1000
00:57:18,400 --> 00:57:23,700
Roof dog-proof, it's fireproof 
store your seed on the ciphers 

1001
00:57:23,700 --> 00:57:28,200
Cipher wheel or the cipher grid 
which you can get at at Cipher 

1002
00:57:28,200 --> 00:57:34,100
safe dot IO anyways. 
Today guys we have a software 

1003
00:57:34,100 --> 00:57:36,200
release. 
Let me check it out. 

1004
00:57:36,200 --> 00:57:38,500
Let me pull up what we have 
today. 

1005
00:57:39,400 --> 00:57:43,200
We have the Razzo Opti is 
sharing the screen. 

1006
00:57:43,200 --> 00:57:47,600
I'll let Opti take it. 
Let's go, guys, I'm stealing me.

1007
00:57:47,600 --> 00:57:49,000
Good job. 
I'm over here. 

1008
00:57:49,100 --> 00:57:54,000
Today's release is raspy Blitz 
version one point. 8.0, it adds 

1009
00:57:54,000 --> 00:57:56,800
web UI and additional features 
back in apis. 

1010
00:57:56,800 --> 00:58:00,300
Eram. 
Core lightning Albie. 

1011
00:58:00,300 --> 00:58:03,300
Let's go. 
Home dashboard itchy, sad, seek 

1012
00:58:03,300 --> 00:58:04,200
a bunk. 
Dang. 

1013
00:58:04,200 --> 00:58:07,500
This is a, hey, you know, this 
is a, this is a, this is a good 

1014
00:58:07,500 --> 00:58:09,900
release. 
All right, guys, I I didn't read

1015
00:58:09,900 --> 00:58:11,900
this Nico, put this on here. 
Let's go. 

1016
00:58:12,000 --> 00:58:15,100
I'm gonna have to definitely 
update my r as P Blitz. 

1017
00:58:15,500 --> 00:58:22,100
Anyways guys, go check us out. 
Apple Google podcast a Spotify 

1018
00:58:22,100 --> 00:58:24,800
anchor. 
And, of course, we are on found 

1019
00:58:24,800 --> 00:58:26,500
nap. 
So, if you are part of the value

1020
00:58:26,500 --> 00:58:29,700
for Value economy, stream of 
some sets, if you think we are 

1021
00:58:29,700 --> 00:58:34,900
providing value to you guys and 
we will be back next tomorrow. 

1022
00:58:35,600 --> 00:58:38,100
Yes, we will. 
We will be back tomorrow, guys. 

1023
00:58:38,100 --> 00:58:41,800
We want to apologize for any 
technical difficulties opt-in 

1024
00:58:41,800 --> 00:58:44,200
are transitioning the show to a 
live show. 

1025
00:58:44,200 --> 00:58:48,200
So you're going to see all the 
mistakes, all the catastrophes, 

1026
00:58:48,400 --> 00:58:50,200
We did this with the original 
shows. 

1027
00:58:50,200 --> 00:58:53,200
Well, you can go back to the old
videos and you'll see we had no 

1028
00:58:53,200 --> 00:58:57,000
idea what we were doing bear 
with us while we transition to a

1029
00:58:57,000 --> 00:58:59,200
live show. 
So I want to give a shout out to

1030
00:58:59,500 --> 00:59:02,400
of our researchers. 
Hans he does an incredible job 

1031
00:59:02,400 --> 00:59:06,000
hanging out in the simply 
Bitcoin, stripped telegram chat,

1032
00:59:06,000 --> 00:59:08,200
helping us with the research, to
shout out to him. 

1033
00:59:08,400 --> 00:59:11,900
And of course, Very Special. 
Shout out to our awesome 

1034
00:59:11,900 --> 00:59:16,100
clothing. 
Sponsor represent LTD.com Opti 

1035
00:59:16,100 --> 00:59:18,900
and I wear the merch. 
Single day. 

1036
00:59:18,900 --> 00:59:22,100
He's wearing the T-shirt, trust.
No one. 

1037
00:59:22,200 --> 00:59:24,400
I'm wearing the represent camo. 
Hoodie. 

1038
00:59:24,500 --> 00:59:26,200
Feel. 
Like I'm a militant bitcoiners. 

1039
00:59:26,200 --> 00:59:28,000
I'm always wearing the camo 
stuff. 

1040
00:59:28,000 --> 00:59:31,800
I like, I like the tip may come 
first comfy stuff, stylish. 

1041
00:59:31,800 --> 00:59:33,900
He makes Bitcoin merch 
obviously, because that's what 

1042
00:59:33,900 --> 00:59:36,400
opt he's wearing. 
He makes simply he's going to 

1043
00:59:36,400 --> 00:59:38,700
make simply Bitcoin merch. 
It's awesome. 

1044
00:59:38,700 --> 00:59:41,400
It's stylish. 
You definitely want to check out

1045
00:59:41,400 --> 00:59:46,500
represent LTD.com guys. 
That was our show. 

1046
00:59:47,100 --> 00:59:49,400
Hope you enjoyed it. 
Like, Like I said, it's live. 

1047
00:59:49,400 --> 00:59:53,900
So you get the authenticity, but
you also get the mistakes. 

1048
00:59:53,900 --> 00:59:58,300
We are your number one source 
for the peaceful Bitcoin 

1049
00:59:58,400 --> 01:00:00,800
Revolution. 
If you enjoyed the show, you 

1050
01:00:00,800 --> 01:00:04,000
want to see more. 
Definitely consider subscribing 

1051
01:00:04,200 --> 01:00:08,500
to silly Bitcoin and we'll see 
you on the next. 

1052
01:00:08,500 --> 01:00:10,200
One's you later, guys.