Yo, Bitcoin just ripped to $66,000 and no one knows why,
but I think if we piece the if we piece everything together, a
few bullish developments have been happening behind closed
doors. First, BlackRock, this crazy
BlackRock presentation that we're going to play for you
guys, making the case that Bitcoin is growing exponentially
faster than the adoption of the Internet and the adoption of of
telephones. Also following up on some news
that we did a couple weeks ago there there was this news
interview from the legacy mainstream media about how the
Middle East is adopting Bitcoin miners.
We were speculating on that last week.
Now it is confirmed Bitcoin's most recent price rise will
begin to make sense. Once you start putting all these
pieces together and not only will you begin to understand why
Bitcoin is quietly climbing, but you will begin to understand
what this next leg of the Bitcoin bull run could be like
any unlike anything you've ever seen before.
While most people have been bored over the last eight
months, it's been excruciating chopping sideways action today,
we're going to show you why this has been incredibly healthy for
Bitcoin and why the exact same thing happened in 2020 right
before Bitcoin exploded by over 600%.
So I think that the end of this year is going to be explosive,
literally no pun intended. And I also believe that this
this CHOP consolidation was actually really, really healthy
because it built a very solid foundation.
I mean, if I told you back in 2021 that we are literally going
to consolidate chop sideways at the all time high, you would not
have believed me. So I have a couple clips lined
up for you guys right in the beginning to talk about the
Black Rock stuff, to talk about the Middle East stuff.
But before we jump into it, I do want to bring up my legendary Co
host who is always optimistic. Of course I'm talking about
optimist fields. How you doing bro?
I am doing wonderful, I do. I do have a low key case of the
Mondays guys, but once the show gets in, everything's good, man,
Life's wonderful, everything's great.
I feel great. Can't really complain here Nico,
things are great. Absolutely 100%.
All right, everybody, no more delay.
Let's jump into some of the bullish news.
So first of all, I just got to say we called this what what do
we say on, on simply Bitcoin tomorrow's news.
Tomorrow's Bitcoin news today. Yeah, yeah.
I mean, we called this we we, we made an episode last week making
the case that the Middle East was getting into Bitcoin.
And the reason we are making the case is, of course, in the in
the UAE, they were lowering taxes and they were also the
Bitcoin conference is going to be throwing a conference in Abu
Dhabi called Bitcoin MENA. And also they that some of their
hedge funds and some of their sovereign wealth funds were
getting into Bitcoin mining. But it was all like on articles.
It was like on, you know, third party websites and you're
reading the article and you're like, OK, yeah, you have to take
their word for it. Well, now it's confirmed.
This is legacy mainstream media talking about Bitcoin mining in
the United Arab Emirates. Let's check it out.
How do you think Bitcoin mining in the UAE is different than
other regions in the world? Where we are in UAE?
We we started Bitcoin mining in UAE around three years ago.
We built one of the biggest hydro sites in the world, which
uses water technology to cool itself.
It's one of the biggest in the region and in the world.
As we go on, we are trying to expand in the region.
Maybe can you share more with John, like what is the the
outsize role the UAE plays when it comes to crypto mining?
Do you have any data on what percentage of a hash rate is
coming from the region and also the source of electricity that
is being used, which is obviously a big component in the
cost of it. Point mining Where?
Where does that come from when it comes to UAE mining?
Absolutely about the data you know to to give you exact data
it it would be not correct. But right now where we sit is
around 4% of the hash rate of the word is producing from the
region and but that number is subject to changes on a daily
basis as the hash rate index changes in sort of the energy.
As you know in UAE in general, we are moving to green as is
Excellency Dr. Job are explaining COP 28 by 2050 we
want to beat net 0 carbon but the grid is moving towards solar
and nuclear. So this is incredibly bullish,
guys, not in itself. If you just play this clip by
itself, it doesn't mean anything.
But if you connect the dots like it makes me so bullish for 2025,
OK, you have the institutional adoption of Bitcoin, the
approval of the ETF. You have pension funds like the
Wisconsin Pension fund getting exposure to Bitcoin.
You have banks like JP Morgan, Wells Fargo getting exposure to
Bitcoin via the ETFs. You have the second largest bank
in Europe, BNP Paribas, getting exposure to the ETF through
getting exposure to Bitcoin through the ETF.
You have Goldman Sachs with the traditionally very conservative
bank getting exposure to Bitcoin via the ETF.
You have Michael Saylor continuing to prove that the
Bitcoin strategy that MicroStrategy has adopted is
just like literally destroying the competition.
He MicroStrategy has literally proven that just by adopting
Bitcoin you will out compete the rest of the S&P 500.
Since MicroStrategy adopted a Bitcoin standard back in 2020,
the stock is up like 1600%. It is something wild.
Of course you have the Kingdom of Bhutan mining Bitcoin.
The Kingdom of Bhutan has 13,000 Bitcoin.
Like holy cow. Of course you have a Paraguay,
you have El Salvador. And now we have it confirmed
that the UAE, this very small country in the Middle East,
basically makes up 4% of the hash rate.
Like we had news that Russia, Russia, Vladimir Putin legalized
Bitcoin mining. So you put all the pieces
together. This is exactly what Max Kaiser
predicted when he was talking about the global hash war.
And of course, this lines up perfectly for an explosive 2025.
After we get out of this consolidation area.
Here is a clip from the digital assets conference that BlackRock
hosted or at least BlackRock kind of presentation of.
And here they're they're just putting out the numbers.
The fact is that Bitcoin is being adopted on a faster pace
than the Internet and mobile phones.
That should tell you everything you need to know.
And by the way, we are still so freaking early to this.
So this is a pretty long clip. I'll play you guys some of it.
Let's check it out. Brock I really spend a lot of my
time thinking about the future and some of the disruptive
changes that are impacting the world and society and the
economy and our portfolios around us.
Often times this is about disruptive technologies.
Often times it's about societal changes.
But what we found with blockchain and digital assets is
that in some ways this is one of the fastest growing technologies
we've seen in the last few years.
On the right hand side of the chart, you can see our adoption
curve. This is just looking at how
quickly certain assets are adopted by society.
And you can see that blockchain and digital assets are being
adopted faster than major revolutions before it, whether
that's the Internet or whether that's cell phones.
And there's a couple of reasons for this.
The first reason is just we're living in a more digital economy
than ever before. If we're consuming things
online, streaming videos, playing video games, buying
digital content, it makes sense to have digitally native assets
to conduct those transactions, particularly when there's
Secondly, and importantly, in a year like this year, where over
half the world's population is voting for new leadership, not
just the elections in the United States, Mexico and India and the
European Union, we're seeing more geopolitical risk than
before. And in fact, declining trust in
institutions, whether that's trust in government institutions
for maintaining peace and order, whether that's trust in central
banks in terms of keeping inflation under control.
More distrust has exacerbated a need for a global monetary
alternative. The third we're seeing is
demographic changes, the rise of the millennial and Gen.
Z generation. Millennials, at least in the
United States, are set to inherit trillions of dollars,
are entering peak earnings years in their in their work and are
increasingly playing an important role in the economy.
And millennials are very different from previous
generations because they, we, me, we're the 1st generation to
be digitally native. Growing up with the Internet,
growing up with computers, we understand digital better than
previous generations. And that means we're more likely
to adopt digital currencies. And then finally, what I think
has been really important to BlackRock in our journey in the
digital assets space has been the maturing of infrastructure
in digital assets. We've seen billions of dollars
move in venture capital and private equity into digital
assets to fund incredible innovation in blockchain.
We've seen the regulatory environment evolve to get more
constructive around digital assets and how people can buy
them. We've seen extremely talented
people leave traditional finance to go into D fi to help lead
some of these innovations. And all of this infrastructure
has really matured over the last five years.
So between all of these tailwinds, it's really creating
the opportunity for digital assets to gain broader adoption
across more investors around the world.
So just kind of leave it at that.
I mean, Opti, I'm going to pass it on to you, man.
Like this is the perfect storm that is brewing for an
explosive, explosive end of Q4 heading into 2025.
And if the Bitcoin cycles repeat themselves, man, like I'm so
beyond excited, not only from a price standpoint, but also from
a revolutionary standpoint. Like, you know, you heard the
Black Rock BlackRock executive talking about it there how
millennials were just so much more open to adopting, to use
Blackrock's own words, not mine, a non sovereign alternative to
local Fiat currencies because of the rise and distrust in
institutions. So overall this is incredibly
bullish stuff. You have countries all over the
world just confirmed UAE. They they, they basically
represent 4% of the hash rate. I didn't know that was the case.
Like, we were reading that article last week about how they
were lowering taxes and all that stuff, and now this guy just
comes out of nowhere. It's like, yeah, we've been
immersion mining for years now and we actually represent 4% of
the hash rate. How many more countries around
the world are secretly mining Bitcoin or adopting Bitcoin that
we don't know about? We would not have found out
about the Kingdom of Bhutan if it wasn't for the Celsius
lawsuit leaking the fact that they were a part of it.
If it wasn't for the Celsius lawsuit, the Kingdom of Bhutan
wouldn't have said anything. They would have just kept it to
themselves, right? So how many more countries
around the world are either secretly mining Bitcoin,
adopting Bitcoin, and of course, for anyone who's a Bitcoin
hodler, for anyone who believes in the Bitcoin revolution, all
of this is incredibly bullish because all of a sudden those
institutions and those countries, their incentives
start to line up with yours. And all of a sudden, as a
sovereign individual, you are going to, it's going to get to a
point where you're going to have the power to be able to pick and
choose what jurisdiction you want to live in based on the
laws and regulations of that locality.
Anyways, Opti, what's your take on all this, man?
Incredibly bullish news coming out of the UAE.
And of course, incredibly bullish news coming out of
BlackRock. Once again, Larry Fink wins
employee of the month. Can't thank him enough.
Anyways, Opti, what's your take? Yeah, First of all, shouts out
to Uncle Larry pumping our bags. But yeah, like the UAE news,
we've been covering it for a while now.
We've heard a lot of rumors about that this was the case.
And to actually hear someone that is more familiar with the
situation say essentially like, yeah, we have 4% of the world's
hash rate. That's that's pretty crazy.
You know, that that that's a pretty big number there.
And it just goes to show that this is catching on and more
people are waking up to this whole Bitcoin thing going on
right now. And I've been saying for a
while, and obviously we've been covering the data on the show
and we, you know, we, we really can only see from news stories
and information trickling out that this is catching on.
And I've been saying that for a minute, Nico, the exact words
you said that there's a perfect storm on the horizon.
And it seems ever since the ETF got released, it seems since
ever since, you know, Trump even announced that he's being more
pro Bitcoin, or rather more crypto, though it seems like the
game theory has shifted and obviously shifted in our
direction. And I really do think that 2025
is going to be a big year. Obviously, as someone that's in
the Bitcoin space, maybe someone newer to the Bitcoin space, you
always kind of want to point at certain news stories and use
that as, you know, the reasons for the Bitcoin price to pop up.
Maybe I'm still, you know, a Luddite here, but I just think
it's still kind of the cycles playing out right now.
I don't think we're out of this cycle theory yet.
I don't think we're in super cycle territory yet, but it does
feel like there's a lot of data points and this time does feel
different. Obviously, I feel like a cliche
Bitcoiner here because we say this every time the price starts
pumping. Like this time's different, I
swear, guys. But this time is fundamentally
different. Now that we have institutional
capital being able to allocate to Bitcoin, we're seeing nation
state adoption of Bitcoin play out.
It does feel like this cycle will be different.
Does that mean that we're going to get out of the cycle theory
in the next four years? I'm still kind of hesitant to
say that we're out of the cycle theory.
But you know, historically speaking, it's usually I forget
that the exact number, but I'm pretty sure that the number that
we've been using historically is that basically 170 days after
the halving is when the price starts to run.
And we're at I think we're around like 177 days since after
the halving. So it does seem to be aligning
perfectly to historical data. Of course, we only have three or
four data points on this and we're still kind of seeing if
the cycle theories are playing out.
But I, I think it's just kind of, this is the time when
Bitcoin starts to run. But with all these other data
points, it does feel a little different and things are
changing. Yeah, 100 percent, 100%.
All right, ladies and gentlemen, before we get into the rest of
the show, guys, stay tuned because we have so much news to
cover, so much bullish news. Of course, the double standards
behind the DOJ, how they treat banks, and then how they treat
the rest of the industry, something that we've been
covering for quite a while now. And, of course, Elon Musk's
historic rocket. Landing.
I mean, it wasn't even a landing.
It was being caught by like this giant arm, which was it was
crazy. And I think it's a kind of
indicative of, of what Bitcoiners are advocating for.
Like one of the one of the major talking points that you always
hear is like, who will build the roads?
And what Bitcoiners are going to advocate for is like the private
sector tends to do a much better job at resource allocation than
the public sector. And I think that's something
that people have to people just, I don't want to say come to
terms, it's a little bit strong, but people just, I think you
should be aware of it because that's one of the that's going
to be one of the talking points that you're going to hear from a
lot of people when Bitcoiners advocate for smaller and smaller
and smaller government. Because a lot of the economic
woes that people are currently feeling, specifically on the
rise of the cost of living. As much as politicians want to
gaslight you into believing that, you know, it's everything
and anything, but the fact that they're debasing the currency, a
lot of the, a lot of the reason as to why people can't afford
things is because of way too much government spending.
That's the reality of it. And here's the thing, if the
government spending was justified, then OK, you know,
you can make an argument and you could say, OK, you know, my life
is better for it. But I would like to make the
case that I think the private sector could not only do a lot
of the things that the government does, they could do
it a lot in a lot more efficient manner and in a hell of a lot
cheaper. That's my case.
But anyways, before we jump into that, I do want to give a very
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At the time of recording the Bitcoin price, we're a little
bit down. We were at 66 K this morning.
We're at 65,750 sats for a dollar 1000.
And 521 block height 865,626 realize monetary inflation 1.3%
market capitalization 1.3 trillion Bitcoin versus gold
market cap 7.03% money supply 19,767,364 BTC percentage issued
94.13%. In the grand scheme of things,
we are just getting the party started as the theme of today's
show. Anyways, I wanted to move on to
something that I believe is extremely hypocritical because
it's a double standard. And one of the things that I'll
say is that remember why Bitcoin was discovered.
Remember why Bitcoin was invented by Satoshi in the
genesis block, it says, Chancellor, on the brink of the
second bailout for banks, Satoshi inherently knew that the
US government or governments around the world, we're going to
continue to bail out banks. They were going to continue to
bail out central banks. And there's there's evil
alliance between central banks and governments where central
banks essentially funds all the government spending.
And of course, politicians create a regular vote so that
the central banks can continue doing this.
The problem is, as much as governments have pitched us on
the idea that central banks actually introduced stability to
the economy, it's important to remember that this two largest
financial crises in world history, the 2008 recession and
of course the 1929 to 1933 the Great Depression, all happened
under central banking. I also don't think it's a
coincidence that the two largest world wars in world history,
World War One and World War 2, all happened during central
banking. I don't think any of that is a
coincidence. Now, why am I saying all of
this? Well, I want to highlight the
double standard between how the US government treats people that
are part of our industry rather than how they treat people that
are officially part of the banking industry.
So of course, we all know that the finance founder CZ was
sentenced to four months in prison after plea deal.
So finance CZ, the finance founder CZ pleaded guilty to
money laundering violations in November and was sentenced to
four months in prison on Tuesday.
This isn't just an isolated incident.
Arthur Hayes, CEO of Bitmex Arthur Hayes in his plea deal
guilty to 1 count of violated Bank Secrecy Act in February and
faced a sentence of up to 12 months in prison.
And of course, we all know what happened to the Samurai
developers. First they started with the
Tornado Cash developers. Once they set precedent and the
Coin Center case was was dismissed by a judge.
Then they shortly after they attacked the Samurai Wallet
developers and the US government, specifically
Department of Justice, accused the two developers with
operating Samurai Wallet, an unlicensed money transmitting
business that executed over $2 billion in unlawful transactions
and laundered over 100 million in criminal proceeds.
Now you'll hear, you'll see a common theme between all of
this. So whether it's CZ, Arthur Hayes
or Bitcoin privacy developers, they all got locked in a box.
They were arrested, they were put in a box because of what
they were doing. But here's the problem.
The problem is the double standard.
The problem is it's rules for thee but not for me.
That is the fundamental issue. So here's Peter St.
Onge and he says you'd go to jail for decades.
They just pay a fine. At some point.
It's licensed crime. And I would make the case that
they just see it as a cost of doing business.
Why aren't any TD executives like why, why, why don't they
get held accountable for this? Let's check out the official DOJ
press conference held by Attorney General Merrick
Garland. I'm not hearing anything, Nico.
Oh is it glitching out sometimes?
It does this here. Let me try that.
How about now, Opti? I'm still not hearing anything.
OK, unfortunately, guys, Yeah, let me.
See if I can pull it up real quick.
Yeah, so while Opti does that, I'll, I'll kind of narrate this.
But unfortunately, guys, here's the deal.
Look, so TD Bank fined $3 billion for enabling drug cartel
money laundering, the largest penalty of its kind in U.S.
history. So here Opti has it pulled up.
Let's see if that works. One, before we get started, I
want to extend my sympathy to the millions of Americans who've
had their lives turned upside down by Hurricane Milton and
Hurricane Helene. I know I speak for all of us and
expressing my gratitude to the first responders on the ground
who are carrying out rescue missions.
And I want to thank all the volunteers who are helping their
neighbors get through these storms.
Now to the subject of today's announcement.
Today, TD Bank pled guilty to multiple felonies, including
conspiring to violate the Bank Secrecy Act and commit money
laundering. TD Bank has also agreed to a
$1.8 billion criminal penalty. Combined with civil enforcement
actions announced today by other agencies, the United States will
be imposing a total of approximately $3 billion against
TD Bank. TD Bank created an environment
that allowed financial crime to flourish by making its services
convenient for criminals. It became 1.
Today, TD Bank became the largest bank in U.S. history to
plead guilty to Bank Secrecy Act program failures and the first
bank in history to plead guilty to conspiracy to commit money
laundering. This is also the largest ever
penalty under the Bank Secrecy Act and the first time the
Justice Department has assessed a daily fine against a bank.
As part of the plea agreement, TD Bank will fundamentally
restructure its corporate compliant program and its US
based bank, which is the 10th largest in the United States.
The bank has also agreed to the imposition of a three-year
monitor ship and a five year term of probation.
While the bank has started it's remediation, it will continue to
remediate and improve it's anti money laundering compliance
program to ensure that the bank operates lawfully and safely
moving forward. OK, so the problem ladies and
gentlemen is the double standards, OK?
The, the, the problem is, is, is this OK?
So same, same violation, money laundering, right, with Arthur
Hayes, one count of violating the Bank Secrecy Act right here
that executed over 2 billion unlawful transactions and
laundered over $100 million in criminal proceeds, according to
the DOJ. This, they wandered
significantly more. Why I, I, I don't understand
why, like I, I don't know what to say.
They did the same thing that our industry did, but because
they're a bank, they get a fine and we get put in a box.
I, I, I don't understand. Explain that to me, please.
I don't get it. And this is something that has
happened over and over again, whether it's Chase, HSBCHSBC got
caught laundering money for the Mexican drug cartels.
So I don't understand why is it that when our industry breaks
their regulations, we get locked up in prison and when the banks
do it, they get a fine, that that's the problem?
This is the issue. This is the issue, that it's
hypocrisy. It's rules for thee and not for
me. And I'll tell you why.
It's a rhetorical question. I'll tell you why.
The reason is that our system is is outside their purview.
So they're trying to make an example.
That's what it's about. This is disgusting.
This is despicable. I remember when they held the
same press conference for CZ, they mentioned the world, the
word terrorism like 50 times. They had Janet Yellen up there,
Merrick Garland. I believe they have Majorca's up
there as well. But when the three like look
here is burn the bridge. And he says TD banks money
laundering conspiracy charges handles $18.3 trillion users,
funds $3 billion fine. Samurai wallet, money laundering
conspiracy charges, handles 0% users, funds drones, armored
vehicles, pre dawn raids, developers indicted, server
seized facing 25 year sentences left This dystopia.
I I don't understand please make this make sense to me because
you can't lecture me on justice legal like we're all equal under
the law. You can't let you can't look at
me in the face and tell me that you know it's equal justice.
You should have followed the rules.
That's bullshit. No banker went to jail for the
crime that happened in 2008. No banker went to jail for what
happened during HSBC, when Christine Lagarde, who was the
head of the IMF and now is the head of the European Central
Bank. When she got charged with a
crime, they promoted her to the head of the European Central
Bank. But when our industry does it,
they put us in a box. What's up with Julian Assange,
man? What's up with Ross?
Ross got what, three life sentences?
And these bankers, they get a fine.
That is not right. That is not right.
That is a double standard. That is not equal justice before
the law. This is the literal definition
of a cabal. This is the literal definition
of a mafia. I can't I can't describe it in
any other way. This is injustice in so many
different ways. When we do it box when they do
it, oh, you get a fine. And they don't even name the
executives. They just said the the
organization TD Bank. They don't they so so why can't
they just find Binance? Why couldn't they find bit
mechs? Bitmex broke these rules.
No, no, no, no. It was the CEO.
What about the CEO of TD Bank? Is he not held responsible for
any of this? This is insane.
This is not equal justice.
This is rules for thee. These are.
They are exempt from the same laws we are meant to follow.
They expect us to follow those wrong laws and take them
seriously while they're lecturing us on a podium about,
you know, your safety and all this bullshit.
But then we get locked in prison and they get a fine.
If it was the same standard, I wouldn't, I wouldn't say
anything. But the fact that it's a double
standard makes it an injustice and it makes it not right.
It's not ethical. And the reason they get away
with this isn't because they're in cahoots with these people.
The bankers are in the cahoots with the government.
That's what it's all about. And the Bitcoin industry is
outside of that ecosystem and it's not in cahoots with the
government. So they're weaponizing their
monopoly violence to go after our industry.
But at the same time, they just give out fines even though they
break the exact same law. And I can even make an argument
that they broke the law to a much larger extent.
Someone in the comments says multi tiered justice system.
How is it not? Please explain it to me.
I, I, I want just like I, I, I just want it answered.
How is this ethical? We've been getting beat up with
a metaphorical 2 by 4 as an industry for the last 3 1/2
years. Not going to lie, it's been
operation choke point 2.0 when a bank gets caught red handed
money laundering breaking the same laws.
They get a fine when we do it. They literally radar shit, lock
us in a box and say that Bitcoin enables money laundering.
Here's the reality check. The vast majority of illicit
finance is conducted using the traditional financial system.
It is not conducted using Bitcoin.
But we are the scapegoat. That is bullshit and it's our
job to highlight it. Anyways, Opti, what's your take
on all this? Yeah, Well, personally, I'm not
surprised this is the case. It's just becoming more and more
obvious to more people that if you have enough money, you can
basically break any, any law, and all you have to do is pay a
fine. Again, I became a man.
You know, I came of age during 2008 financial crisis and it
was, it's like we're seeing this all over again, though.
I think the funniest part is that they are coming out here
and parading it like they, you know, did something really good
by getting this huge fine. But when you really dig into the
detail, it's like if you have enough money, you can break any
law and you just pay the fine. If you look at the numbers of
how much money TD Bank has made in profit, that 3 billion, I
thought it was 1.8 billion, But apparently all the government
agencies kind of wanted to pick the pockets.
And then, you know, they added more fines on top of it.
I think 3 billion is something like, I don't know, like
somewhere around like 2 to 3% of all the profits that they've
made the last 10 years when they supposedly been breaking this
law. And so it's just like it's a
slap on the wrist again for most people out there that aren't
aware of what I would argue the illegitimacy of the institutions
and the system, the justice system we're a part of.
It should be a wake up call to most people that this is just
the status quo. We know it's all downhill from
the money. We know that the bankers in the
lobbyists control the government.
And then we have the media that gets paid by the infinite money
printers out there to justify all of this crazy stuff going
on. So hopefully sooner than later,
more people are waking up to the fact that this is an
illegitimate system and they, the powers that be are out here
robbing the coppers as quickly as possible and and the media is
out here to just cover for them and ensure that this the game
keeps going. But as we argue on the show
constantly, this system can only go on as long as people trust
the system. But I think we're wake or at
least getting to a point right now, a cross section, a
crossroad here where more people are waking up and they're going
to start to ask themselves, why am I using this money?
Why am I using the enemy's money when we have a better option
that is of course Bitcoin and I can opt out of this stuff.
Obviously, I don't think it's enough for us to just kind of
like bury our heads in the sand and and create like, you know,
parallel communities. I think that's part of the
solution. But I think it's becoming more
and more obvious that as the citizens here, you know,
especially in America, this is supposedly a country run by we
the people. I think we need to get involved
in and try to wake up more people and be like, look, let's
let's reclaim some power here. Because the, the elite class,
the unproductive class, the administrative state, whatever
you want to call it, are out here Wilding.
And they are literally stealing as much wealth from the the
middle class and the lower class as possible.
And then they're, you know, continuing to deploy these
divide and conquer strategies. And they're all, well, not, I
would argue, not bitcoiners, but for the majority of people,
they're out here, you know, shooting, shooting arrows across
the bow. And it's really like, it's not
the other side of the aisle that's the problem.
It's literally the people in power.
And now we're getting more and more exposure to the problem.
And people are hopefully waking up to this.
But I think it's only going to get worse before it gets better.
But I think now is kind of going into what we would argue on
Twitter like the Great Awakening.
And with that comes, you know, the great SIOP where they have
to continue to misdirect information and misdirect our
attention. But I think we are getting to a
focal point here. I think we're getting to a
tipping point where people are starting to wake up and notice,
and hopefully more people start to adopt Bitcoin because, you
know, hashtag Bitcoin fixes this.
Yeah, 100%. And, and, and like when the
Black Rock executive was talking about it in the beginning where
he was like, yeah, people are like not trusting institutions.
This is why, right when Hillary Clinton was talking about how
they must censor social media or they'll they'll lose control,
this is what she's referring to. Like look, if government, we
trusted the government with money, they abuse that trust and
then they're getting upset that we found a non sovereign
alternative that is uncorruptible, right?
Like that's not my problem. It's not my fault that you
designed the entire system on the ability for you to Co opt an
intermediary. Now that the now that
individuals could take self custody of their own wealth and
by doing so their own destiny. Like, and you're going to try to
demonize that and you're going to try to demonize and attack
the, the the off ramps while you guys are guilty of the things
that you guys are accusing us of.
I'm sorry, I don't want to be lectured by that.
That's that's BS. I'm sorry guys, that's that's
BS. If you guys held yourselves to
the same standards. That you hold the Bitcoin and
crypto industry to I this would be a different conversation.
But you can't look at me with a straight face and look at me in
the eye and prayed yourself behind this official emblem in
this suit and talking to me how pat yourselves on the back and
telling me how you're protecting the American people.
They get fines, we get jail sentences.
That's bullshit. Not surprising, but that's
bullshit. And you want to know why us
younger generations and give it, give it credit because there's a
lot of awesome Bitcoin boomers out there.
But the the millennials and the Gen.
Z ers that are adopting Bitcoin out of necessity.
You want to know why we don't trust the system?
There's a great example right there.
It's right there. It's it's it's not equal
justice. It's rules for thee but not for
me, rules for the politicians in DC and then rules for everyone
else. And that's going to end anyways.
Everybody, let's get to news. We have a lot to talk about.
Stay tuned. Elon had a historic moment.
The world had a historic moment. We literally saw a rocket the
size of a 35 story building literally land getting caught by
a giant metal arms. And it was one of the most
insane things I've ever seen in my life.
So stay tuned because we're going to talk about literally
what is the role of government in people's lives?
Are you getting the value back in terms of what you're paying
for in taxes? And I'm not just talking about
income tax. That's a whole other debate
which I don't want to get into. I'm talking about the tax of
inflation. Are you getting your monies
back? And I would like to make the
case that the answer is no. And a lot of the, a lot of the,
the, the, the cases against that would say, Nico, what about the
roads? And I would say, I think the
private sector would build the roads a whole lot better than
the, the, the so-called public sector.
Anyways, guys, it's, it all comes down to incentives at the
end of the day. All right, everybody, let's move
on to news. Lots to talk about.
Let's check it out. Special shout out to our sponsor
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Anyways, this happened this weekend.
This is one of the most insane things I've ever seen and a lot
of Elon hate. By the way, the same week Elon
announced the robo taxi and the robo van.
Literally a freaking car that drives itself.
Gnarly shit. OK, just freaking gnarly.
And anyways. And then Mike Solana tweets out.
What an asshole right? Because there's a lot of people
that don't like Elon. But I mean, I, I don't know if
you guys have seen this or you guys have seen this for audio
listeners here is literally a rocket the size of a 35 story
building weighing 2500 tons literally getting caught by
metal arm. It's most insane thing I've ever
seen. Still not getting out of you,
Nico. That's just fucking crazy.
So anyways, the most freaking insane thing I've ever seen.
And here's the thing about Elon, right?
And then Optia. I might have to send this to you
because it looks like. The audio, drop it in the
private chat, I'll pull it up. The audio's not working on my
end or it's not cooperating. It's that French Internet bro.
Yeah, everyone, I'm I'm streaming, I'm going to be
streaming from from Paris these these next couple of weeks.
So forgive me for any technical difficulties, but anyways, I'll
I'll start talking about this opti.
Let me know when you have it ready 1.
SEC. Elon has he?
He tweeted this and this happened October 11th, so he
tweeted this about 11 days ago. Opti has it pulled up, so I'm
going to pull mine down. There we go, this is mine.
Wait, wait. Yeah, this is mine here.
There we go. All right, so Opti could you?
So Elon tweeted this about October 11th, and Elon actually
wants to launch the the he wants to launch a government
efficiency committee. So he wants to cut down the size
of government. But here's the thing, ladies and
gentlemen. Even though he's correctly
identifying the issues, right? The problem is that voting is
1/2 measure. So let's say an ideal case, you
get Trump in office and then you get Elon in office and then you
know, they cut the size of the government.
It doesn't address the root problem.
The root problem is the Fiat money printer.
Unless you take away the government's ability to create
money for free that everyone else has to work for, this will
continue to happen because the government is incentivized for
this to happen. The only way you you fix this is
by taking away the government's to create money in the 1st
place, meaning their only way of raising revenue is via direct
taxation and they can only do that to a certain extent.
Before people are saying, you know what, I can't, it's law
first curve until people start to kind of revolt back and they
say, no, I don't want to partake in this.
So Elon is heading in the right direction.
And I can't emphasize how important that is because again,
this is a company, his companies, both SpaceX and and
Tesla. As much as people dislike Elon,
the reality is that Tesla is the 4th largest company, publicly
traded company that that that holds Bitcoin right now.
They currently hold almost 10,000 bitcoins, so 9720
bitcoins. And SpaceX also is believed to
own Bitcoin as well, right? So again, you know, and again,
it was a couple years ago that actually Elon announced that
that Tesla was going to enable for you to purchase Tesla's in
Bitcoin. And then he had to, I think he
was tapped on the shoulder or something and he backtracked.
So it's kind of like the gold bugs, the tragedy of the gold
bugs, because the gold bugs identified what the problem was,
but they had the wrong tool. And I'm telling you with Elon,
it's like, dude, you are so close.
You are so close, but you are, you are so far.
And again, Bitcoin is a bit of a humility test.
It is you. You have to, you have to humble
yourself a little bit, right? So anyways, let's play this
video that Elon reposted from his personal Twitter account a
couple days ago. I'm not an anarchist.
I believe in a government, but a limited government, and the
government should be limited, in my opinion, to very simple
functions #1 to defending the country against foreign enemies.
I have tried for a long time to see how to make National Defense
a private enterprise, and I've never succeeded.
It's easy to see how to privatize schooling, but I don't
know how to privatize National Defense.
A section function of government, and one which it
performs very, very badly, is to protect the individual citizen
against abuse and coercion by other citizens to keep you from
being hit over the head and mugged on the street, your house
broken into, and so on. And I believe that the
government performs that function very ineffectively
because it's doing so many things it has no business doing.
The third function, government, a very important function, is to
define the rules of the game we play.
What's private property? If an airplane flies 10,000 feet
over your house, is he violating your private property?
If if he flies 10 feet over your house, is he violating your
private property? There's nothing natural about
where the line should be drawn. So we have to have some
mechanism for making the rules about that, and that is an
appropriate government function. In fourth, it's appropriate for
government to provide a mechanism for adjudicating
disputes about the meaning of those rules, the judicial
system. Those are the four essential
functions of government, in my opinion, and those are the only
functions that are essential. There may be some other areas in
which if you started with nothing more than that, you
might. Government might conceivably do
more good than harm, but from where you are now, if you could
only move back in that direction, it'd be marvelous.
OK, so and then again, right, Milton Friedman, absolute, you
know, you know, genius, everyone agrees to it.
But why is government not doing those things in the 1st place?
Why is government more focused on sending hundreds of billions
of dollars to fund foreign wars than they are about funding
their own rescue efforts of victims of the hurricane?
Why is it that, as in some parts of California, if you are a
criminal and you steal a certain amount of things that's under a
certain limit, you there's no penalty to that?
Why are you paying the The whole point of paying taxes is so that
government protects your property, so that government
enables law and order, so that government protects your best
interest. Government has been
Frankensteined into doing basically becoming God,
essentially the way that I see it.
And why is that happening? That is happening because of the
government's ability to create money out of thin air.
And I think, and, and I've spent a lot of time thinking about
this. I think it makes people sick.
I think it, it, it, it, it balloons the minds of
politicians into thinking that they're God like saviors.
And I think it's a very, very, very, very, very, very, very
difficult problem, but also a very dangerous precedent that
politicians have so much power because it's like, think about
it like the US, what has been an endless war since, you know,
the, the, the, you can say the, the 50s and the 60s, how they
paying for that? They print the difference.
That's how they do it. And then that has consequences.
And the consequences is if you are lower middle class, you
don't have the means to save in assets, meaning you are you're
living paycheck to paycheck. So you get money and that
money's in Fiat and use that money to pay for your living
expenses, right. But you, you don't really have
extra to like, you know, save for a rainy day.
The problem is that when the government debases the currency,
the, the, the purchasing power of that Fiat that you're earning
continues to decrease. So if your employer is not
increasing your compensation by at least 10% on a yearly basis,
you're getting poorer. This is this, this is what
people feel inherently. They feel this, they know it to
it to be true. But the the Greek tragedy of all
this is that they continue to seek a political solution.
That's what Elon is doing. That's what Trump is doing.
That's what, you know, to give them credit, they, they, they
think differently, but that's what the Democrats are trying to
do. Kamala's trying to do with the
price controls, but but those are all half measures.
They don't work the measure the the the true solution to this
and Opti could you pull up the video because Elon is so close
here. The the the true solution here
and here's Hayek pointing it out is separating money from state.
That's that's how you fix things.
That is how you put a check on the power of government, on the
power of politicians, because if not every four years, right,
you're, you better hope that you know, the, the politician in
place doesn't want to debase the currency.
You're putting a lot of trust in them.
And now the, the good news of all this is I'm talking about
fixing the system. But The thing is, you don't have
to wait for the system to fix. You could actually start
benefiting from this today, right now, by choosing to opt
out of it entirely. And the way that you do it,
look, someone put in the in the chat, Mikel, in the last four
years, the US has printed 40% of its circulate currency.
And if you look at housing prices, it's literally a direct
correlation between the M2 money supply and the cost of an
average price in the US. And then you see the, the, the
politicians coming in and saying, Hey, you know, we're
going to give you a tax credit. And then in my response would be
like, fuck you, dude, stop printing money.
Like it's like it, it's very simple.
Like I'm sorry to curse, but like, you know, it's, it's the
truth. Here's Peter.
Let's let's see, let's hear what he has to say.
I mean, here's a. Great table list.
The money wasn't allowed to develop further.
After 2 or 300 years of coins all governments put their hands
and stopped any further developments.
We were not allowed to experiment on it.
Money hasn't been improved. Money has rather become worse in
the course of time. Government said it must not
develop any further and what we have had since in development
were matters of government inventions, mostly on mostly
abuses of money. And I have come to the position
of asking has monetary policy ever done any good?
I don't think it has. I think it has done only harm.
That's why I'm now pleading for what I've called
denationalisation of money. I don't believe that.
So if you should ever have the good money again before we take
the thing out of the hands of government, then we can't take
them violently out of the hands of government.
All we can do is buy some sly around the Beltway.
Introduce something so you can't stop.
We we, we found it. We found it.
And that's Bitcoin. That, that, that's literally
Bitcoin. That's that's literally what it
is. So like, yes, Elon has correctly
identified the problem. Peter Schiff correctly
identified the problem. All the gold bugs have correctly
identified the problem where I think Elon fails or dot fails,
but come short. And I think where Peter Schiff
came short is the tool and the tool is Bitcoin decentral.
If it stays decentralized and secure that that's the tool and
it it will put a check on government, it will put like a,
a bumpers, right. So if they ever come in there,
they're like, I want to go to war.
It's like, how are you going to pay for that, bro?
You can't print that. You can't print the money
anymore. How are you going to pay for
that right? And then all of a sudden, these
politicians are going to be very, very nice to the to their
constituents and they're going to be like, Hey, guys, well, you
know, and look, I'll leave it at this before I pass it on to
Ropti. It's not a coincidence that the
first country that made Bitcoin legal tender in the Americas has
the most popular president in the Americas.
And it's not a coincidence that the first country that made
Bitcoin legal tender, they fixed the base layer of society.
They went from one of the most dangerous societies on planet
Earth to one of the safest, where the president is trying to
get the country out of debt. And they have a plan that by the
year 2030, they're gonna do just that.
And it's not a coincidence that the IMF is attacking that small
country. I'm just gonna leave it at that.
Like anyways, Opti, what's your take on this before we get to
the culture? Yeah, well, First off, it looks
like we got some flat earthers and space is fake in the chat,
so that's not my view. Yeah, that video of the
potential, I'll put in quotes of that rocket landing is pretty
crazy. And I think it does go to show
that entrepreneurs are the ones that really lead society
forward. Your thoughts on Elon Musk can
be varied. I might, my personal thoughts is
like he's doing so much incredible stuff.
And you know, I, I like to be hopeful about it cuz it does
seem like he is seemingly our real Tony Stark at the moment,
though I am a little concerned. It does seem like we're going
into like an I robot future. But that's, that's just my, my
takes on that Elon Musk stuff. But really getting to the point
of this, and this is the main theme of our show is the
separation of money and state. And I really like that hike
video where he pointed out what we say here all the time is that
monetary policy has done more harm than good.
And I think once you really just do a yeah, I wouldn't even say a
deep dive, but just any research on the topic, you realize that
like, why are we allowing a small Kabbalah people to control
the monetary policy? No one person or even small
group of people can control the economy.
The economy is a very complex thing.
And anytime that you start to pull levers, you start to
manipulate and you start to distort, distort the the
economy. And I think the economy, as you
know, AI would say rudimentary Keynesian economists here.
I think the economy is made-up best when individuals make their
own choices for what they think is the best for their lives and
not some small cabal of governments or bankers.
And I am also all for the limiting of government, at least
to the roles that that were set out in the beginning.
I, I don't think the government is supposed to be big daddy
government that controls every aspect of our lives.
I especially don't believe that the government should be
controlling the money supply because as we've seen, as we've
constantly shown on this show, the cantillon effect of whoever
is closest to the money printer is the ones that really are set
up to succeed. And everyone else is getting
poorer. And inflation is that hidden tax
that few people understand, especially since most people
people are economically illiterate.
This is by design. They don't want you to know that
it's all about the money. It will always be about the
money. And those who can manipulate the
money will be in a better position than everyone else.
And this is by design. And I think the thread of
today's show is that there is an injustice in the system.
And it's either that the system is designed this way or that it
is broken. Either way, the results are the
same. We are getting poorer.
We are stuck in the matrix. We are stuck in the rat race.
And like Height said, the real goal here is to denationalize
money. This is the separation of money
and state. I want a money that is a global
neutral, money that is a global measurement of value, AKA
Bitcoin. And now we actually have an
option here. No longer are we being forced,
even though you know, by by design and laws in your own
country, you are technically forced to use their money.
Now we actually have an option that I think is slowly but
surely proliferating around the world.
And most people are waking up to this idea that, hey, I don't
have to use this money that is designed to steal from me.
We have a better option. It is Bitcoin.
And all you have to do is just start saving in Bitcoin.
Let the clown world, Fiat world play out in in its due course.
Because we all know what's I think it's Voltaire quote where
he says all Fiat money goes back to its original value, which is
literally 0. So I've been kind of harping on
stop using the enemy's money and start to use real money, which
is Bitcoin. Start to use something that
cannot be debased, that doesn't steal from you and your life is
going to improve. Again, this all boils down to
one simple thing. Most people want to live a good
life and most people don't have the time to really deep dive all
of these topics. They just need to use a better
tool. And this is where we are.
Bitcoin is a better tool. Like everyone here using the
Internet, like everyone using wheels, money is a technology
and now we have a superior technology and it's upon you,
the individual, to take responsibility and protect
yourself by saving in Bitcoin. This is how we win.
But yeah, flat earthers in the chat getting triggered.
Oh man. Oh man, well, I, I personally
like Elon. I have a Tesla.
It's freaking dope and you do lands rockets.
I, I, I understand Opti is like, dude, I robot by Elon.
And I always suspect that Opti's a little bit jealous because
Elon's Elon's robot is called optimist and optimist and Elon
obviously Opti's Opti optimist. So I suspect there might be a
little bit of jealousy there, but it's OK.
Like Opti's not going to be replaced by a robot anytime
soon, but maybe when? The FIRST model maybe actually,
but that's not going to happen for a while now.
Well, you know Nico, I will have the last laugh when you have a
robot made and it goes rogue on you.
So hey, we'll see. Who's right at the end of the
day? Anyways, guys, let's move on to
the culture segment. We have a lot to talk about.
Let's check it out. Here we go.
All right, everybody, I do want to give a very special shout
out, of course, to our sponsor, the Orange Pullout guys, Stack
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So if you want to reach me directly, send me a message on
the orange BLOB. I'm gonna pass it on to Opti.
I don't even know Opti. Yeah, yeah.
What are we talking about during the cold?
I really wanted to bring this thread up last week, but we we
had guests all week. And honestly, I think it's
fitting a lot better on today's show because we are talking
about the, you know, denationalization of money and
Fiat money and printing money and what those problems are.
And obviously it is a Bitcoin show and this is the fundamental
problem that we see in the world right now.
It's all about the, it will always be about the money.
Why do we have a rogue class of quote UN quote politicians
running wild with the money printer and making all of us
poorer? Anyways, this thread here is I,
I've never really heard it in this way.
I think we touch on this idea constantly, like what the
problem of Fiat money is. And I saw this thread and, and I
found it very interesting. And this is, you know, on
Twitter, it's very small claims, but he's an OG bitcoiner.
I don't know if I'm doxing him why he's saying his name.
I'm not going to say his name, but I think everyone knows who
his name is. I don't know if I should say it,
but anyways, yeah, I'm not going to say it because you know, if
you know, you know. Anyways, this is a great thread.
And honestly, I do, I'm going to read the thread, but I kind of
want to hear Nico's take on this as well.
And my take on it because we we always hit on this, but I think
it's a new reframing of the problems with Fiat money.
So we have very small claims on Twitter goes the reason that
Fiat. What is a problem is simple. 1A
Republic can only survive if the treasury can afford to run the
government, which we constantly hit on.
Two, you are not voting to send someone to Washington to vote
for your principles and beliefs. You are sending them to decide
how to spend the treasury, which I think we talked on this
constantly, but we've never actually framed it in this this
way. Three, if it is true that the
actual job of a congressman is to spend the treasury, then the
only people who should be able to vote for them are the people
that fund the treasury, AKA you guys. 4 Fiat allows the
government to build a treasury absent of its people, which we
constantly talk about. 5 The government uses Fiat to inflate
the currency, which is a tax, though a very fair 1 You could
argue against that, but this is the point, because six, it's an
egalitarian tax. The creation of Fiat causes
everyone to become a contributor to the Treasury.
I've never heard it that way, but it's very interesting. 7 If
everyone is a contributor, then everyone gets to vote. 8 If
everyone gets to vote, you are no longer a sustainable Republic
because those who are not actually net contributors are
able to vote themselves. Advantages by defunding the
treasury that was funded by others.
Again, we constantly talk about the administrative state.
We talk about the Cantelon effect. 9A Fiat system puts
government in control, funding the treasury rather than the
people. But modern monetary theories,
advocates using taxes and inflation simultaneously achieve
the same end. While this works, it takes all
bargaining power out of the hands of the people who fund the
government. And that's why Fiat is bad.
It's not bad because it is a tax, or because taxes are theft,
or because modern monetary theorists are evil, or whatever
you dumb libertarian friends told you.
It's bad because it is compatible, incompatible with
our form of government. The Founders were right and
we've talked about this constantly.
We always hit up on on this problem that Fiat money is the
problem. Obviously you can view this very
differently and this Bitcoin has been around for a long time.
He's a, he's a OG bitcoiner made content in the past and I, I've
never heard it this way, but it is very interesting and we
always hit on a very similar, similar topic.
I I've been, you know, classic cliche man, talked about the
Roman Empire, but we've seen this happen when empires do
start to collapse that the powers that be though, you know,
the elite, if you will, they start to steal the rob the
coffers as as quickly as possible and they try to steal
and extract as much wealth from the population as possible.
And usually they try to do this in sly, you know, roundabout
ways. And This is why we think Bitcoin
is the solution to this because again, it is a sly roundabout
way of stopping this problem. And you don't really have to
understand all the technicalities of this, but I
really like this framing that when you do vote for someone, a
politician to represent your, your principles, or rather, you
know, represent you, the person, what you're really voting for is
someone to spend the treasury. And as much as we hit on this
constantly, we've never really talked about that.
And this is what we always say on here on the show, that the
powers that be, the politicians in Washington, they're
completely detached from the population and they're doing all
kinds of crazy stuff that no one would agree to.
And this fundamentally collapses when you go back to a Bitcoin
standard when they I can't slyly steal from you.
And we always hit on these topics.
And I know it gets a little, you know, a little spicy in there
when he's trolling libertarians and stuff.
But I, I just find it, I found that it's a very interesting
reframing of the problems that we always talk about here on the
show, but we've never put it in this way.
And I, I just really liked it. I wanted to talk about it last
week, but it's, I think it's more fitting on today's show
considering all the topics that we talked about.
ANYWAYS, end of rant. Nico, what's your thoughts on
this? Dude, I mean it's it's it we're
In Sync again coincidentally yeah right.
So and also shout out to the 200 likes of you guys watching live
on YouTube. You guys are watching live on
Rumble and Noster. We appreciate you and of course
everyone watching us live on X. If you guys are enjoying the
show, make sure to smash the like button.
Share the video really, really helps pushing the orange signal
forward, getting this message out there.
More and more people need to be informed on what the actual
problem of their economic woes is and not this whole it's the
Democrats, it's the Republicans, it's the liberals, it's the
conservatives. No, it's it's broken money.
It's literally broken money. So I actually wanted to read a
quote from George Washington. He says, quote, paper money has
had the effect in your state that it will ever have to ruin
commerce, oppress the honest and open the door to every species
of fraud and injustice. So even the founding fathers,
we're not fans of paper money, right?
Andrew Jackson is very well known for, you know, getting
elected on the basis of of shutting down the National Bank
of the United States. It was only because of the
creature, you know, read the creature from Jekyll and gives
into the story of that. But the secret meeting, you
know, that took place in the early 1900s and they sold the
American public on the idea that central banking was going to
provide stability. That wasn't the case at all
whatsoever. That was completely wrong.
It was just wrong on every single front.
And it has door, it has Frankenstein government.
It has taken the power from the hands of the people back to the
hands of the government. And that will not be fixed until
we separate money from state. Because it's just incentives
dude. It's incentives bro.
Like this is what you guys have to understand.
It's like no one is better than their incentives.
Like these politicians aren't twirling their mustache to
saying how do I steal from them. No, they're they're following
their incentives. And if you're incentivized to go
to DC and there's a money printer, there's a money
printer. And could you imagine that?
Can you imagine the power that comes from that?
How many hours a day do you spend working?
And then all the there's a group, there's a bureaucratic
elite that have the power to just like create a thin air.
And then compare that with Bitcoin.
It doesn't matter who you are. It doesn't matter if you're the
emperor, king, Prince, whatever. If you want to make more
Bitcoin, you got to mine it, you got to buy it, or you got to
earn it like everybody else. There's no special privileges in
that system. And I would I would turn their
argument against them because they say that Bitcoin is a
private money. If their money is not audible,
they have the ability to create out of thin air and there's no
accountability. Bitcoin is open source.
It's it's an open Ledger and anyone could create more
Bitcoin. What sounds more public and
private to you, Right. And again, one last thing.
It's not a coincidence, Ron Paul quote that the bloodiest century
in human history was a century of central banking.
Another, another thing, I don't think it's a coincidence that
the establishment of the federal income tax was the same year as
the establishment of the central bank in the United States.
So I think America, and in fact, any country that has a central
bank has been held hostage, is being held hostage by this
system. And we now have a way out of it.
And we now have a way to protest against it.
And that protest is buying Bitcoin, earning Bitcoin, mining
Bitcoin, taking that Bitcoin into self custody.
If enough of the population does that, we win by default.
It's game set match. I would say that percentage is
about roughly 5 to 10% of the population.
If 5 to 10 of the population, 5%, five to 10% of the
population in your country opts out into Bitcoin and they use
Bitcoin as their unit of account, as their primary
monetary unit, I'm telling you like it's game over.
It's done because their power derives from the fact that
people are using this said currency.
If more and more people opt out and they choose not to use that
said currency because it's corrupt, then it takes away
their power, right? And This is why you're seeing
the system fight back. This is why you're seeing the
two tier justice system. This is why we're highlighting
you the fact that, you know, crypto exchange developers and
privacy wallet developers get locked in prison while the banks
get, you know, slap on the risk in a fine, right?
Like this is the separation of money and say this election
coming up is incredibly important less than a month from
now, right? It's going to determine the
regulatory environment in the United States for the next 4
years. So yeah, I mean, but this is
what it's all about. We'll be your guide through this
through these chaotic times. But I'm telling you, my money,
literally no pun intended, is on incentives versus coercion.
And I think anything the state, the only thing they have left is
coercion. And we have incentives on our
side. And I think incentives are going
to rule the day in my humble opinion, because like, look, if
you look at Cuba, if you look at East Berlin and West Berlin,
they had to build a wall. And even when they built a wall,
people still wanted to escape for freedom.
With Cuba, people are literally risked their lives to build a
raft to come to Miami for freedom, right?
So even in countries where they've made, you know, Bitcoin
illegal, right, people still use Bitcoin.
Why they they want the benefits of Bitcoin?
So, you know, look at the war on drugs.
That didn't really work out that much.
And you can't look at me straight in the eye as a
politician and tell me that writings 12 writing down 12
words is somehow dangerous to society.
Like like come on now dude. Anyways guys, this is what the
peaceful revolution is all about.
This was simply Bitcoin live for October 14, 2024.
I'm your host Nico. It's my legendary Co host
Optimus Fields. I will be live streaming for the
next two weeks until Lugano in Switzerland from Paris, France.
So it's going to be some hopefully it gets some some
better scenes and some special things.
Maybe I'll bring out a baguette to tomorrow's show, but anyways,
guys, I hope you guys enjoyed the show.
Smash the like button, consider subscribing, and we'll see you
tomorrow for a brand new episode of Simply Bitcoin Live if you
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