It's all going to zero against Bitcoin.
It's. Going up forever, you're.
Against Bitcoin, you're against freedom.
Yeah, welcome to another episode of Simply Bitcoin Live.
We are your number one source for the peaceful Bitcoin
revolution. We cover breaking news, culture,
Matic Warfare. We will be your guide through
the separation of money and state This entire week.
We usually don't cover a single news topic for, you know, a
considerable amount of time, right?
Usually what we do is we spend maybe a day, two days Max, but
it was a pretty pretty, you know.
Pretty unique was pretty unique circumstances this week with the
legacy media being used essentially as propaganda to to
justify these crazy fin CEN proposals.
And of course, we all know now we know that I think Elizabeth
Warren had a lot to do with all of this.
What I didn't think was going to happen.
Was the amount of pushback, the Bitcoin immune system reacting
as viciously as it did? And it really, it made me
really, really happy. Because not only was it Sam
Callahan's tweet, you got 5000 likes, OK, that that is an
insane amount of engagement on Twitter.
So obviously, if you get that type of engagement, the topic
that you're talking about resonates with people.
And then that's Bitcoin Twitter. OK, but in the Banking Senate
Committee yesterday, multiple people called out Elizabeth
Warren's BS. They called out the Wall Street
Journal's BS. So I think they're gonna have a
much harder time. Imposing the that FIN CELP, that
FIN CEN proposal, right and that FIN CEN proposal was it was so
broad it included stuff like single use addresses, right?
Which is like by default how Bitcoin wallets are set up.
That's like privacy bed best practices.
It would fall under that FIN CEN proposal.
And of course, this was on purpose.
This was to circumvent the legislative process, right?
To make no mistake, this was an attack on Bitcoin.
What they needed was a crisis. And that's why I read you guys
that famous quote by Winston Churchill, who was the Prime
Minister of the United Kingdom during World War 2, never let a
good crisis go to waste. They needed that crisis.
And in American history, this has happened before.
Back in 2001, you know, with the terrorist attacks, the Patriot
Act was was introduced into law. Which the by the way, the the
FIN CEN proposal is using the the Patriot Act to implement
this. It's like literally mentioned in
the proposal but also the new the New York Times released an
article back in the 2000s that claimed that Iraq had weapons of
mass destruction. Later we found out that that
article, that information was total bogus and that information
actually came from the intelligence agencies
themselves. So history doesn't repeat, but
it often rhymes. What I saw this week was a very
similar play, using a legacy media institution to propagate a
false narrative and using that false narrative as a
justification to take the way take away the freedoms of
Americans. What was different between 2000?
12000 the early 2000s and now is social media.
So now people were able to talk back to refute the BS in real
time. And that's exactly what
happened. And I think that quick reaction,
that quick response was the reason that Elizabeth Warren's
narrative and the Wall Street Journal's narrative was
absolutely massacred yesterday in Congress.
We have a couple clips for you guys.
Of Congress people even saying look this is BS right?
So at least there's some good news because I'm not gonna lie,
you know, I I I covered this yesterday multiple times on cafe
on simply on BTC sessions on simply sessions and then I
covered it on an unconfiscatable spaces at later on later in the
evening four times. And I was just like, wow, this
is, this is. They're not effing around with
this proposal, right? But I was pleasantly surprised
the reaction by the Bitcoin community then that led to, you
know, the reaction from certain Congress members saying, you
know, basically the report was BS, right?
So there is a happy ending to this.
Let's see how, you know, it all culminates.
But what it looks like right now from my perspective, is that
Elizabeth Warren's attack on Bitcoin backfired in epic
proportions. This isn't just me saying this,
Pierre. Richard said this as well.
And you know I'm not gonna lie that puts a puts a smile on my
face. Anyone who's against Bitcoin is
against freedom. You guys know the drill.
All right, I'm gonna wanna. I wanna bring up my legendary Co
host always optimistic brother in arm in the trenches with me
every single day. How you doing, Opti?
What's up guys? We're back, as you can see.
As you can see I had enough time to get my caffeine intake in.
I'm back home. I got the green screen.
It was a it was a fun time back home with my family.
Good to see all all sides of my family.
But hey, we're back here. We're hanging out.
I got, I got time to make sure my my blood has a good caffeine
to blood ratio. So we're good to go.
We're good to go. But yeah, man, Nico, actually,
I'll, I'll say no. I'll say no.
I'm so glad that Elizabeth Warren backed this stuff because
everything she touches just burns and goes up in ashes.
And you know, I I know I tell you guys constantly that Brad
Sherman is my favorite politician.
But I I'm starting to lean that maybe Elizabeth Warren is my
favorite politician. Because her screeching and and
her absolute fear of what Bitcoin can do for humanity is
just it's so glorious to see it get just, you know, slap back in
her face. But but we'll go through all of
the details for you guys and on today's culture.
I think I just might have just figured out Opti's.
It's my another one of Oxy. This is my next makeup, she.
Was like, was it? Was she before yelling or before
Augustine? You know, I'm just trying to
climb up the cantion ladder as much as possible.
I'm not starting that meme. OK?
The Chrissy meme? Open Pandora's box.
I'm not starting that. Anyways, what are you going to
talk about during the culture? I'm just trying to get close to
the money printer. Whatever I got to do, I'm trying
to be a good cantion. Fiat Insider.
Guys, this is the game. Don't you understand the game?
I'm just trying to play it. All right guys, sorry for
blowing your eardrums. I I guess I'm jacked up this
morning again. Anyways Anyways culture we got
to we got to good guess James AKA Bitcoin farmers market.
Let's bring him in. He's doing circular economy a
farmer's market in Bitcoin Beach in El Salvador.
Love to see it but we'll we'll get all into that during the
culture. James, how you doing this
morning? Good morning, lad.
Yeah, I'm doing good, thanks. How are you doing?
Wonderful, bro. Doing wonderful.
Thanks for joining us, man. We really, really appreciate you
coming on the show. Huge fan of the Bitcoin beach
project and really excited to talk about what you're talking
about, I mean what you're working on these days.
That's what the culture is all about.
To highlight Bitcoiners from all walks of life from everywhere
around the world and really highlight their contributions to
Bitcoin, their insights to Bitcoin.
Their perspectives on Bitcoin cuz every single human being.
Even though we might come to the same conclusion, we all approach
Bitcoin from different perspectives based on our life
experiences, right? Anyway, it's gonna be a great
show. I'm absolutely pumped.
I found out a couple things about what Simply is doing next
year and I'm going to hold it in, I'm going to hold it in.
But we got a lot of big plans for simply Bitcoin next year and
I hope to see a lot of you guys in person while we do some of
these trips. It's going to be a lot of fun.
The having party is also going to be looks like we're going to
be doing a lot of traveling next year.
Opti, which has me extremely excited anyways.
Anyways, everybody let's jump straight into the show.
Like I said, we have a lot to talk about.
Let's check it out. The Bitcoin numbers.
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Oh God, I I think I. I regret it.
I think the Chrissy meme was enough.
But like that meme, dude, you throw me under the bus for
everyone, bro. Oh man, oh man.
Taking it for the team Opti. OK, at the time of recording I I
can't the big one bugle. I'm just picturing God damn it
what did I do? OK.
At the time of recording, the Bitcoin price is 33,985 SAT's
per dollar. 2942 Block height 814,083 blocks to having 25,917
having estimate April 21st 2024 Total Lightning Network capacity
5240 Bitcoin Capacity value 178,000,000 U.S. dollars
Realized Monetary inflation One point. .74% The market
capitalization of Bitcoin $663 billion Bitcoin versus gold
market cap 4.97% the grand scheme of things.
Bitcoin still a baby when Bitcoin reaches the market cap
of gold and I say when and not if that will put one Bitcoin at
five $500,000 per coin. In the grand scheme of things,
Bitcoin is still a baby anyways. This is what I wanted to talk
about today. This is the issue at hand,
really. And you know, the Chad Sailor
calls this the Cyber Hornets, the last line of defense for
Bitcoin. And I felt like it was very
appropriate, especially at first, is the Wall Street
Journal. I was like, OK, maybe they got
it wrong, but the fact that they didn't retract the article and
the fact that the article was cited.
In the letter to the White House.
And some of the language in the article was actually used in the
FIN CEN proposal. And the fact that we know
Elizabeth Warren's bipartisan bill with Senator Marshall has
very similar kind of, you know, maybe they're taking a different
path, but the outcomes would be the same.
Has my suspicions that I think Elizabeth Warren played a big
role in this? It's not the first time that the
legacy media has given her a platform her media allies When
Russia invaded Ukraine, we had a very similar article coming out
from the New York Times essentially saying that
Elizabeth Warren thinks that Russia's going to use crypto to
circumvent U.S. sanctions. Right.
But I guess that crisis wasn't enough.
I guess they needed a bigger crisis, right?
They needed a more, a bigger emotional response.
But the fact that they're going to these lengths tells me that
they're worried. They're scared.
Also, Chrissy Lagarde's you know, meme video basically
saying the digital hero is coming and it's here to stay,
right? That tells me that I think that
they understand they're under, they're they're, they're on the
clock. And they're trying to roll this
out as much as possible. And that tells me that we're
winning. That tells me that we're over
the target. Well, let's talk about the
backfire cuz that's what we're gonna talk about today.
So here's Pierre Richard. And he says Elizabeth Warren
spread disinformation to exploit a crisis.
It's backfiring and now undermines her misguided anti
Bitcoin agenda. Here's another one.
Neeraj he's part he's part of Coin Center which is a crypto
lobbying arm right the Bitcoin Policy Institute shout out David
Zell is the is the Bitcoin lobbying arm.
But sometimes you know the incentives do align not on
everything but coin Center was has been there for a while, and
at least it presented some type of voice in in Washington, DC.
He said. Watching the Senate Banking,
banking hearing on Hamas financing, I must say it was
refreshing to see the panel of expert witnesses repeatedly Fact
Check Senator Warren's assertions that crypto should be
the focus in combating Hamas funding.
Now let's check out some of these clips because it was an
absolute massacre. So let's check out this first
one. It is by Senator Haggerty.
Let's check it out. And another thing, guys, pay
attention, right? You, Raj said.
Senator Warren's assertions, right.
And again, once you connect the dots, you know, did Senator
Warren have something to do with that Wall Street Journal
article? No way to know for sure.
But again, lots of coincidences are happening these days.
So anyways, let's see what Senator Haggerty has to say.
The Wall Street Journal recently reported that Hamas and
Palestine Islamic Jihad since 2021 have received roughly $130
million in crypto financing via offshore exchanges and platforms
like finance. It's important to note that
these figures are disputed and per independent analysis that
was released just this week, could be overestimated by as
much as 99%. The data analytics firm cited in
this Wall Street Journal report has even disputed the estimates
that were reported. Stating that there is no
evidence to suggest that Hamas fundraised anything close to
this $130 million reported, make no mistake, any such funding is
unconscionable and should be addressed in a thoughtful,
targeted way in order to choke off these terrorists.
But we should do this without pushing the crypto industry
overseas. In this case, we need a scalpel,
not a sledgehammer, the Wall Street Journal recently
reported. In this case, we need a scalpel
on a sledgehammer. And make no mistake, the Fin CEN
proposal is a sledgehammer. Now, that discrepancy #99%.
How did this senator get that number?
That is the same number that Sam Callahan reached with his viral
tweet. That is the same number.
Roughly the same number that Preston Pish reached in his
article that he released for Bitcoin Magazine.
So clearly, make no mistakes. The efforts of all of you guys
on social media to bring attention to this at the speed
that it that it happened in, right?
Because remember, before social media we would not.
We would have to go through those gatekeepers of information
and hope to God that they would find the story interesting and
then publish it. But.
The community, the Bitcoin immune system, reacted very,
very, very quickly. So it wasn't only Senators.
Haggerty here is another expert and let's see what she has to
say. So Senator, that was Segar
Haggerty. That was an actual politician.
Here is an expert who is offering testimony.
Let's don't lose sight and focus from the big picture crypto.
Is currently a very small part of the puzzle.
The major funding channels are where and remain state funding,
Iran and others that those are the major players.
Most of the funds are still being transferred by the
traditional channels that we all know from the past Banks, money
transmitter payment system, hawala, money exchange, trade
based tourism financing, charity, cash shell companies
and crypto. The effort should be global and
focus on imposing global sanctions on Hamas and their
sponsors, as was the case with ISIS.
Let's don't lose sight and focus from the big.
OK, lots of breakdown there, right?
The vast majority of the funding, and it's not coming
from crazy bitcoiners online, came from what the traditional
financial system. It did not come from, they say,
crypto Bitcoin. You guys know the deal.
So yeah, like what? What else do you got to know at
that point? Like, clearly, clearly, the fact
that the Wall Street Journal has not retracted the article or
offered a correction, even though the analytics that they
used, the own analytics company said, wait a second, you
misrepresented the information. The fact that they haven't
retracted it tells you everything you need to know.
That article was pivotal in their strategy.
To try to shove down the throats, this fin CEN proposal,
which would circumvent the normal legislative process,
which they know they can't pass because they don't have enough
support, the the Republicans barely have a majority in the
House and the Senate, same thing.
The Democrats barely have a majority, right.
So it's just crazy that, like, you know, we've reached this
point. Where they find it so
threatening, they're willing to go to these types of lengths to
try to get their way. This is the separation of money
and state. Buckle up and get ready for the
ride. Take self custody.
If enough people do it, we'll win and there's there's nothing
they could do about it anyways. So I want to get our guest
thoughts. James.
I'm sure if you've been on Bitcoin, Twitter, or maybe
you've been on the beach, maybe maybe this is the first time
you're hearing about all this. Bit of both, bit of both.
OK, so you've been on, if you've been on Bitcoin Twitter this
past week, you definitely have definitely read up on what's
been going on with all this. So my question to you is, does
it surprise you at all? I wish I could say that it that
it did, but no, I mean, they're painting a narrative here.
They're threatened as, as you've said, they're never going to let
a a good crisis go to waste. And if they can?
Add to the regulatory burden. If they can introduce anything
that's going to make something they consider a threat less
viable, that's what they're going to do.
Bless them, bring it on. But that that just seems to me
to be what the the parasitic class do.
They see something that is a threat to them and they will use
underhanded means to kind of paint a narrative.
Of why it's bad and and use that as a justification to to
suppress it. 100 A hundred. Percent beautiful.
Oh man. Opti, what's your take on this
bro? Yeah, so let's go back to the
beginning. First and foremost again, this
is the opinions of Opti, not necessarily a representation of
simply big coin. Liz Warren is a mouthpiece for
big bank like convince me otherwise.
But really, politicians, for the most part, I'll be generous
here. For the most part are completely
bought and paid for and I really wish we could have like a.
You know, patches like race car drivers, so we can be
transparent and see who you know, who's paid for and who's
bought by who. That would make this so much
easier. And I mean, we've been covering
it for the last two weeks like misinformation is the norm,
Guys. Like, here's why it's so
important for all of us to make content and to have these
conversations on the daily with our friends and family and and
try to do our best to explain the real nature of the beast
going on around here. And I saw a tweet yesterday and
it really, it really hit home and then maybe the numbers are
off a little bit, but it was something on the lines of
mainstream media's job is to manufacture consent and make it
seem like 90% of the population have the viewpoint of 10% of the
population and it's probably less than 10%.
But like, once you understand that this is the game here, you
really start to look at the government propaganda or
corporate propaganda a lot differently.
And you realize just how much power independent content
creators really have in today's world.
And and I think a lot of us forget that independent content
creators are, are the real signal.
Like that's where the real conversation is happening.
But people still for some reason believe the people on the suits
on the television. But this just goes to show that
Bitcoin is crossing that Rubycon into mainstream adoption,
mainstream consciousness, and it's almost getting too big for
for anyone. Well, it's.
Already too big for anyone to control and stop it.
But I mean, what's that guy's name?
Haggardy or whatever? Like, shout out to that guy, you
know, I don't know who he is. I've never heard of him before.
But hey, he he's going to be on the right side of history.
And it's just funny to me to to watch and hear the politicians
try to grapple with Bitcoin. They're so used to their little,
you know, walled gardens that that when this new technology,
this change. It gets thrusted upon them like
Bitcoin. They're just scrambling and try
to figure out ways how they can distort the truth and distort
this for their own benefit. And we're just here like yo.
Bitcoin can't be stopped. You can't stop the truth.
The truth wants to be set free. And you know, as a meme goes,
Bitcoin is for anyone. Anyone can use Bitcoin.
It is what it is. But the fact that they are
manufacturing these lies just goes to show how afraid they
really are of Bitcoin. And shouts out to Miss Wagman I
believe was her name. She's stating the obvious that
we always state here on simply Bitcoin.
But she's you know at the halls of Congress or Senate or
whatever that was saying what we always say on the show, you
know, dollars are what criminals use the most guys it it's like
this is the receipts. This is the standard quo and the
more what do you always say, Nico?
They project onto US. What what they themselves are
doing and the more they project and the more they fear monger on
Bitcoin and the more they go to try to ban Bitcoin, the more I
just know we're doing exactly what we need to be doing by
opting out of this and opting into Bitcoin and using a money a
monetary network that is outside of their control.
You know as the hike quote goes a sly roundabout way that they
cannot control. This is the way guys we say it
every single every single day. It's Bitcoin or slavery.
It's a total CBDC central bank digital control mechanism or.
It's freedom, money, Bitcoin on the other side.
And we all have that choice today.
And I think this is the most important choice to be doing to
be making rather. And I think for our generation,
I'm guessing that James is roughly A millennial.
You look roughly around the same age as us.
I think fighting for freedom on the monetary level is the most
important thing to be doing for all of us.
We've been saying this for a long time.
You know, Bitcoin is purpose engineer, a better world.
This is the most important fight to be doing.
And yes, I know that for the most part bit corners are still
kind of how would I say this, put in the corner.
You know like just like toys that no one wants to play with.
We're we're just like, Oh yeah, OK, whatever.
You're on the dark web. You're you're one of those weird
Internet nerds. Like no one cares what you're
doing. It's becoming very clear that
this is the fight, and more and more people are waking up to the
fact that it's always about the money guys.
It's always about the money. And now they can't control it.
And so they will use whatever mechanism they can to control
the narrative. They will try to manufacture
consensus against Bitcoin, They will flood it.
They will probably stack in private.
And as number goes up they may endorse it but in the meantime
this is the then they fight you stage and we are just in the
early innings of that that saga. So prepare yourself, make sure
your Bitcoin is off exchanges. Make sure you know like James
will be talking about today. Make sure you're a part of the
peer-to-peer economy however way you can.
Like make sure you are protected because we know they will try
their best to stop the on and off ramps to Bitcoin.
So. Just make sure you're prepared
for that. It is coming.
It's a matter of time. Not, it's not if, it's just when
and hopefully, you know, I I, I am hopeful here, slightly,
slightly hopeful that the US will get their head out of their
ass and they will stop trying to fight Bitcoin.
This is freedom money. I thought we were a freedom
nation and this is a global phenomenon.
So look, I say it all the time You can't ban Bitcoin.
You can only ban yourself from Bitcoin.
And even though the US is the reigning empire of the world, it
would benefit its citizens to embrace Bitcoin.
And all I'm seeing is politicians and bureaucrats
shoot themselves in the foot and hurt average everyday citizens.
And it absolutely pisses me off 100%.
I think you, I think you hit the nail on the head, man.
It's not a government by the people, for the people.
It's clearly Fiat has frankensteined it to a
government by the government for the government.
Thankfully this is one of the things that Bitcoin fixes.
Anyways, I saw BJ Ditcher in the chat, had the pleasure to have
dinner with him in Miami. So shout out BJ.
Absolute absolute freedom fighter.
So thanks for thanks for joining us today my friend.
Anyways, I I do want to give a shout out to one of our
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You don't want to miss it. But anyways guys, no more delay.
Let's jump straight into the news.
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All right everybody. So the next two news topics are
going to be seemingly unrelated, but they are related and there
is really two attack vectors governments have against
Bitcoin. Attack vector #1 is attacking
Bitcoin's energy use. So they go after Bitcoin miners,
right? We know what happened when the
CCP banned Bitcoin mining within their borders, all the hash rate
dropped by 50%. I believe that it was on
purpose. I believe that's why we didn't
hit 100K last cycle. But because of Bitcoin's
incentives, those those miners migrated to more favourable
jurisdictions. I think it was one of the
biggest stress tests in Bitcoin's history and it also
proved Bitcoin's irresistible incentive structure.
That makes it very, very difficult to kill, right?
Bitcoin literally pays you to keep it alive, right?
Does Fiat pay you? No.
I would say Fiat extorts you, if anything.
And then the second attack vector, which is what we're
going to focus on today and is the the the right to self
custody. The self custody aspect.
This is why it's so important. So take your keys into self
custody. You made it easy for you guys.
You can scan the QR code on your screen, go directly to the
foundation website, you can get yourself a passport hardware
wallet, not your keys, not your Bitcoin.
So I'll break it down like this. In the 30s in the United States,
when they passed the six, one FDR passed the six.
The 6102 order with an executive order.
It was Congress after the fact that really made it a pass it
into law. It was an executive order that
made holding gold illegal for American citizens.
The reason that they were, the the reason they were able to do
that so successfully was because of gold's physical
characteristics. Because of gold's physical
characteristics there was centralization.
Anyone that held a considerable amount of gold held it in vaults
in bank vaults, right? So all the government had to do
is they passed this law from one day to the other, and then all
the gold that were in vaults that belonged to people all of a
sudden belonged to the government.
That sounds like theft to me. But hey, you know what?
I guess it was legal and there was a thing, but that sounds
like theft, right? And then what were American
citizens hell gave given back in return.
They were given back dollars, paper, paper money, right.
So those are the two attack vectors.
I think they're not gonna be as successful with the first one,
with the mining one, the energy use one, because the fact is
that mining, Bitcoin mining makes otherwise useless energy,
stranded energy. You're able to monetize it
because of mining. I would say that mining makes
renewable energies viable without government subsidy.
And I would say that the incentives of mining are so
strong that people are just going to keep relocating to more
favorable jurisdictions. Look at what Max and Stacy are
doing recently in El Salvador. They're in in Bitcoin country.
They're setting up the Volcano Energy Initiative, where they're
going to use El Salvador's renewable energy sources first.
They're going to start with solar and wind, and then I'm
sure they're going to migrate to geothermal and they're going to
use some of that to mine Bitcoin.
Last time I read it was a billion dollar initiative.
So I'm not really worried about #1, even though that's the one
that gets the most noise. But #2 is a little bit more
sinister, which is they're going to make it difficult for people
to withdraw. They're going to make it
difficult for people to take self custody.
They're going to demonize self custody.
And you've heard this in the laws proposed by Elizabeth
Warren, Senator Marshall under the guise of money laundering.
And they literally mentioned unhosted wallet.
There's a gap in unhosted wallet.
So basically what they're saying is self custody is a problem.
And then they really pulled the curtain when the the FIN CEN
laws were, you know, were were proposed in the fin CEN laws, it
literally says that every that you cannot use or they will
make, they'll force you to report single use addresses.
That's nothing to do with coin mixing.
Single use that is by default how your Bitcoin wallet works,
right? Literally every time you use a
Bitcoin address and there's a balance there, your your wallet
will automatically change to a new address.
So it's so broad and it's brought on purpose to give them,
like the senator said, not my words, an effing sledgehammer,
right? So that being said, here's
another move towards I think what is going to be the
inevitable right, which is government's last step and last
hope is to shut off the escape valves completely, right?
And this is one more step in the United Kingdom to do just that.
So here's an article by no BS. Bitcoin UK's law enforcement can
now seize Bitcoin linked to criminal activity without
conviction. The Economic Crime and Corporate
Transparency Bill became law on Thursday after receiving the
King's approval. Users with robust self custody
set up remain unaffected. I can't emphasize this last part
enough guys. The two Bitcoin companies that
wants the some of our sponsors, right?
We are very picky with the sponsors that we choose, right?
We want to provide value for you guys as well, right?
We literally have a way for you to take self custody.
Robustly back up your seed, word on titanium, take self custody
of your Bitcoin, get yourself a hardware wallet.
Obviously we recommend the Passport by foundation.
They can do all of this. They can do this with the
BlackRock Spot ETF. They could do this with custody
Bitcoin on an exchange. But remember the keyword in this
is users with robust self custody set up remain
unaffected. So anyways, goes on to say,
quote provisions in the bill give broader powers to local
cops and we'll let them seize crypto they believe was used in
launder, launder, money traffic, drugs, commit cybercrime and
terrorism without conviction. Do you guys see the pattern?
That's an entirely different country, but they just pressed
broad powers to give local cops and the government the ability
to seize crypto under the guise of laundering, laundering, money
trafficking, drugs, committing cybercrime and terrorism without
conviction. Not legal.
Not innocent until proven guilty.
Guilty until proven innocent. Sometimes experts would come in
handy, particularly in time sensitive cases.
Prior to this law, digital assets linked to illegal
activities were a were a subject to freezing, but couldn't be
confiscated in criminal cases unless an individual has been
arrested and convicted. So it like freezing.
It's like, OK, this guy's a suspected criminal.
We're gonna freeze his assets on the exchange now it's like,
we're just gonna take it and then let's see if he proves
himself innocent, right? Goes on to say, quote, separate
provisions to help authorities seize other assets that can help
identify crypto linked to crime were also added.
It was passed by parliament on Wednesday.
And again, I'm not going to read you guys the passage from the
sovereign individual cause. I've been reading it every
single day this week. But again, once again, they hit
on the head. Governments, even in
traditionally civil countries, will turn nasty because they
were losing their monopoly on money, right?
And that's exactly what's playing out here in my opinion.
But once again, how do you protect yourself against that?
Take self custody. You have no excuse.
We literally recommend you guys ways to do that every single
day. And in terms of software wallet,
you have Blue wallet, you have Electrum, you have Sparrow, you
have Spectre, you have so many wallet of Satoshi, You have so
many wallets that you can use. There's so many hardware wallets
that you can use. Speaking of hardware wallets,
here's Ledger. Now Ledger introduced a very
interesting feature which I think the road, the road to hell
is paved in good intentions, right?
Very interesting feature. But essentially it's kind of
like a back door to your seed phrase.
But of course there's trade-offs to that back door.
Because if there's a back door, let's say you lose your seed
phrase and you're like, I lost my seed phrase and then you go
to Ledger and you say I lost my freeze seed phrase and they can
recover it for you. If they can recover it for you,
who else do you think can recover it for you?
Connect the dots with this law in the UK, right And this Ledger
proposal. So it goes on to say Ledger now
lets you pay $9.99 per month to ID your cold wallet seed and
send it to trusted third parties.
It goes on to say quote Today is the day I'm glad to announce
that our secure wallet recovery solution, Ledger Recover
provided by Coincover is now available for Ledger Nano X
users. You can subscribe to this paid
and optional service here. The service, which notably
failed to launch earlier this year due to community backlash,
will cost its users 9 basically $10 per month after the first
free month quote. When you subscribe to Ledger
Recover, a pre bit 39 version of your private keys is encrypted,
duplicated and divide into three fragments, with each fragment
secured by a separate company, Coin Cover Ledger and Escrow
tech. When you want to give access to
your wallet, two of the three parties will send fragments back
to your Ledger device, reassembling them to build your
private key. Your private key Ledger Recover
compromises extensive identity verification process performed
by Coin Cover with a secure element billed by Ledger.
It goes on to say your identity details are collected by Ledger
Recover ID verification service providers.
Coin Cover and Ledger Store are an encrypted excerpt of this
data. Coin Cover will never pass your
information to third parties unless it has a legal obligation
to do so. I'm gonna go back to this.
They now can seize your Bitcoin without proving that you,
without proving in court that you're a convicted criminal.
Put the pieces together and then just use common sense and think
about how this can, and I'm calling it right now, will be
exploited by governments to seize people's money.
And yes, I'm sure like I had. Look, I don't think Ledger is
approaching this in a nefarious manner whatsoever.
But you know, it's still call it for what it is.
It's still an open door in my opinion.
It's still a back door in my opinion, Ledger Recover is
currently compatible with Ledger Ledger Nano X.
Soon it will be compatible with Ledger stacks.
Ledger Nano S Plus Ledger Recover isn't compatible with
Ledger Nano S Ledger Recover availability depends on the
country in which your Passport National Identity card or driver
license was issued at the mass At the At the moment, a Passport
National Identity Card issued by the European Union, the United
Kingdom, Canada and the United States, or driver's license
issued in the United States is required is required to
subscribe to the service. As an added layer of protection
subject to investigation, $50,000 compensation may be
available from Coin Cover. In the unlikely event that
something were to go wrong, the recovery process can be
replicated on any new and compatible Ledger device
following the identity verification process.
Read a more detailed explanation on how recovery works here.
Quote Depending on your personal needs, Ledger recover may or may
not be for you. For most users, having no backup
for their secret recovery phrase is a risk that they don't want
to take, and again, this is your outsourcing personal
responsibility. But what they they fail to
mention is that there are cons to that.
And history has shown that when governments get put in a a rock
and a hard place like the 1930s is a great example, the country,
the government, the state was in a hard place and what did they
do? It justified the theft of
people's gold. So the whole point is that that
option isn't even there. And when that option isn't even
there, that's why I said my quote.
That's why I said what I said. If enough people take self
custody, if if enough of the pepper of the population, right.
Especially in a country like the US with the Second Amendment
take self custody of their wealth.
The only option the government has is to go door to door and be
like hand over your money essentially and and and again
that that's not really like in my opinion like that's not
really a viable solution for for for you know millions upon
millions of people doing this. This is why it's so vital.
And here's Seth for privacy by the way shout out foundation
they're one of our sponsors. He's he's with he's with
foundation devices. He says please do not use this
service. If you use this service, you're
signing up for simple seizure of funds.
If Ledger, willingly or unwillingly due to government
pressure, decides to collaborate with one of the other storage
providers, friends don't let friends use Ledger recover.
First image shows that Ledger owns the common encryption key
that is used to encrypt shards. Second image shows that Ledger
themselves saying how they can give over funds in the event of
a subpoena. Now here's the thing.
In the UK, they could just seize it without even proving that
you've committed a crime based on this last law.
And I bet you Elizabeth Warren is salivating at the mouth when
she saw what the UK did, that what she's like.
I wish we could do this in the US.
So also shout out to foundation, Shout out because you know,
they're they're really, they're really speaking the truth there.
So when you get yourself a passport, hardware wallet, now
you know who the people are behind that.
They don't like that shit, right?
They're actual fucking bitcoiners, right?
It's Bitcoin or slavery. So yes, the road to hell is
paved to go with good intentions.
I think Ledger, I I don't believe they were malicious.
I don't believe they were pressured to do this.
I think the CEO and the company genuinely thought that this was
a way to increase their revenue with the subscription service,
however. Like you're paying for a back
door because you don't feel like you can write down and properly
secure 12 to 20. If you can take care of a child,
you can take care of 12 words. You can you can take care of 24
words. There's so many awesome Bitcoin
companies that have made this easy for you.
There's awesome Bitcoin content creators like a friend of mine,
BTC Sessions, that dedicates his life to making tutorials For
people that don't understand how to do this, Foundation Devices
has an onboarding service. They will literally help you set
up your hardware wallet if you get a passport, like literally.
Also Swan Private as well. You sign up with Swan Private.
You become a member of Swan Private.
You can call any of the Swan private representatives and hey,
they'll help you set up yourself custody where you actually have
self custody. So look, the road, the road to
hell is paved in good intentions.
And the reality is that, look, if someone has a backdoor to
your money and they're put in a bad position, and that bad
position incentivizes, incentivizes them to take your
money, because that is the easiest way they're going to use
that way, right? So yeah, I'll be honest with
you. Ledger was one of my favorite
wallets and Opti knows this when I got into this and because it
was so easy to use it was so convenient.
But now obviously you know it's Bitcoin only wallets.
Clearly you know because I I think that Bitcoin only wallets
and and you know Ruston says it right there he's he's in the
chat the Bitcoin way on one of our sponsors too for our swan.
For our Simply Originals, they their whole business model is
onboarding. So you could literally set up a
call with them and they will onboard you and they'll make it
easy for you. So yeah, check out the Bitcoin
way. Check out Simply Originals,
check out Rust and he's dropping some hot fire and you could see
it. So, like, there's literally no
excuse as to why you wanna use, you know, you wanna pay have a
back door into your hardware wallet.
And here's the thing, because ledger's.
I'm not making any allegations or anything, but Ledger is close
source, so you don't know what's going on behind the hood.
How did they make that back door happen?
Right. Do you trust that there isn't a
back door with anything else? I don't know about you guys, but
I want my hardware wallets to be open source, right?
Which is what we recommend to you guys on this show.
Always, right. So yeah, man, Opti, I mean I got
to say bro, I'm, I'm, I'm disappointed.
I was AI was a big fan. I was a big fan, bro.
Big fan. Yeah, let's let's say James,
jump in first and then and then I'll, I'll rant for a little
bit. James, what's your thoughts on
this? Well, excuse me.
Yeah, Nico just touched on it right at the end there.
Great. That was.
I was completely agreed with all of that.
I don't know if it's malicious or not.
But that bit at the end, I want to know how they can just roll
this out in a supposedly an air gapped device.
That and it being closed source software that makes me think
doesn't mean it's malicious, but maybe something in their code
allowed them to do that. I don't.
I don't know. I'm not technical enough to
fully understand how that works, but that is a little fishy to me
I guess. The other thing I would say
about it is I think. Plenty of people are going to
use that service. Unfortunately, people are lazy.
So probably for, you know, a couple of years, people are
going to use that service and then someone's going to discover
a really bad exploit. Everyone's going to get wrecked
and then they're no longer going to have that service.
But unfortunately that's that's human nature.
So we'll see. I mean it it it might end up
being a fantastic advertisement for for a pure version of of
self custody 100%. I 100% agree with you.
Yeah man, it's a but it but it but it it's like yes, pure the
the the question is are people really gonna wake the fuck up
enough to be like OK guys, it it's time to like like stop
outsourcing personal responsibility like it's so
inconvenient for me to write down fucking 12 words it like it
is so goddamn inconvenient for me.
I'm going to have to pay this company to back up my it.
In my opinion, this defeats the purpose of self custody.
This is self custody. Like this is is not as bad as an
exchange, but like, it's you know, like if shit hits the fan,
they could just take your shit, right?
So oh man. Anyways, Opti, what's your take
on all this bro? Yeah.
So first and foremost, of course, we talked about it in
the beginning. We know that on and off ramps
will be strangled and that is a point where people will rather
the governments and you know, bureaucrats will try to hamper
Bitcoin adoption. And the second one is what I
always say here on the show. You know, custody and your
Bitcoin is the revolution. And it it's so simple to us
bitcoiners like I don't you use the e-mail.
To me, using Bitcoin is no different than using e-mail.
Yes, there's a little more responsibility.
Yes, there's no. 800 number that I can call if I mess up my
Bitcoin. But I don't know about you.
I I, you know I trust myself more than a banker and I have I
have a little faith in myself that I will remember and back
this up. You go through the process it's
not that hard it's just a new step and it's it always just
reminds me of when you had to use new technology.
There's a learning curve and once you get over that learning
curve it's second nature and I think this is where we are right
now. It's just like.
A lot of people put up mental roadblocks to this learning
curve because it's so different. They're so used to having
trusted experts custody their Bitcoin or rather their other
assets like their stock, etcetera.
And people are lazy. And for better or worse, it's
kind of what James says and and what people are saying in the
chat as well. It's like people will use this,
which is probably the saddest part about it.
And the whole point was, you know, eliminating trusted third
parties and yet. I find it interesting that some,
I wouldn't even call them Bitcoin companies anymore.
Shit, coin companies are are basically like recreating the
broken wheel of trusted third parties within Bitcoin.
And yes, I know people will want trusted third parties like it's
part of human nature. I get it, I get it.
But trying to eliminate the trusted third parties as much as
possible, I think are some of the most important things to be
doing and following the Bitcoin ethos, and hence why we.
Embrace and support the companies that do do that
because we do think that that is the most important thing to be
doing is to take custody of your Bitcoin next to that UK law
stuff. I said it last week, or maybe it
was this week, I don't know. It's all a blur now.
I find it amazing that the computer illiterates, the
bureaucrats and politicians and the powers that be that don't
understand what the hell they're doing, are trying to regulate
what they don't understand. Again, like it hasn't worked in
the past and it won't work this time.
And I just, I it just never gets old to me.
And and the irony of it all never, never gets passed on me.
You know, these these geriatrics out there that don't understand
how the world works, don't understand how technology works,
obviously don't understand how Bitcoin works.
And we laid it out and completely destroyed their
narrative. And yet they're here to protect
you. Again, we say it all the time.
The very people you need protection from are the people
here to quote UN quote, protect you.
Like This is why we Bitcoin is to eliminate their their their
attempt to even try to protect you.
But again, this is a paradigm shift that we're moving through,
that we're working through is people waking up to the true
nature of the beast that we are dealing with.
And then again, last point, well, actually a couple more
points. Sorry, the doublespeak of the
name of this bill. You know, it was economic crime
and transparency bill like it's just it's so Orwellian.
You know, we say it all the time, economic crime is not
being done on Bitcoin and. Bitcoin is fully transparent,
and it's literally an open, transparent Ledger where you can
see everything is happening on the Ledger.
By design, this is a feature of the network.
Again, it just goes to show that they don't know what the hell
they're doing Well, rather, they know what they're doing, but
they don't know what they're trying to regulate.
And then I was reminded of a meme I made for simply Bitcoin.
You know hosted wallets. There's a hand with a parasite
or a a Leech on it. Unhosted wallet, the Leech is
gone. Unparasite your money today it's
so simple just saving Bitcoin. It's just you know of course I
of course I got to bring a meme into this, OK And you have to
and then and then of course back to the the Ledger at the very
end. You know, I wouldn't.
Don't use this Ledger feature. I I've been, I haven't been able
to endorse Ledger for a long time.
Again, shouts out to our boy Pedro, who's been thoroughly
destroying Ledger Live. We can't recommend Ledger
anymore, even though that was my first hardware wallet like they
do kind of have. You know, a place in my heart
because I remember when I first took self custody, I was so
proud I bought a Ledger. You know, I I like took my my
Bitcoin into custody. I'm like yeah man, you know I
got my first hardware wallet. This is so tight.
And then you know you realize all the complexities of of
having a hardware wallet that has shit coin firmware and then
all the debacles since it. It's just like, man, you know, I
I can no longer endorse Ledger. And this, this move again people
are probably going to use it, which is even sadder and I just,
I just like Ledger and and again we're going to move into a bull
market. And most people are going to do
the same thing that I did. They're going to take those
steps into custodying their Bitcoin.
They're probably going to go into a Ledger.
They might learn the hard way that they should have used
something else, you know. Hence why we recommend
Foundations Passport. Like This is why we work with
Bitcoin only companies, so that we we do our best to ensure that
people are doing the best practices upfront.
Because you do not want to get yourself in a position where you
know potentially. Ledger has a back door to your
Bitcoin Like that is it's it's So it's it's almost ridiculous
that we're talking about this right now.
Like, Oh my God. Anyways, anyways, I can probably
rant on this for way too long and get way too flustered about
it. Just guys, don't.
Look, I hate to do this, but don't use Ledger.
I mean, look, it's as simple as that.
All right, everybody. Before we move on to the culture
segment to talk about what's what our guest proof of work is,
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on to the culture. The Daily Culture brought to you
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Visit swanbitcoin.com today all. Right, James.
This is where we talk to our guest about the cool stuff
they're doing. And for those that don't know,
James, what are you working on? Let the people actually maybe
you can combine how you got into Bitcoin into what you're working
on and why you're in El Salvador in a in a cool little rabbit
hole story. But James, what are you doing?
Well, mine is a fairly cliched Bitcoin story. 2017 came for the
gains, actually started reading and you know stayed for the
revolution. Was also living and studying in
Canada in 2020 and that place went a little crazy shall we
say. Then the legal tender law
changed here kind of became a no brainer, kind of fell in love
with the plates. Been here for a couple of years
now and an extension of that as we were just talking about
before in terms of the off ramps off and on ramps being an issue.
And you know the parasites in charge are going to do
everything they can to clamp down on that.
It made sense to get the peer-to-peer circular economy
going as quickly as possible, which it does exist here, but it
is intermittent I would say. So there are some places you
know you can go and spend your Bitcoin.
There are other places where it's a luck of the draw.
Maybe one day they do, maybe another day they don't.
That was something that I saw as a bit of an issue.
So we've started doing a guaranteed venue event,
recurring event of a farmer's market where people that are
either visiting obviously or people that live here that want
to use Bitcoin, they know they can come there and they can
spend their stats spend and replace.
Hopefully that's what I'm a I'm an advocate for.
That would be that would be it in a nutshell is it's a a
fortnightly market. We have a really increasingly
diverse range of products on offer, anything from grass fed
beef, you know, organic vegetables, There's some amazing
coffee producers, locally made honey fishermen, oysters,
there's craftspeople as well attending now.
It's been going for about 5 months and generally it's
starting to really tick over. We've been doing it really
consistently, so it's getting bigger and bigger and yeah, it's
been a really fun, fulfilling little side project, I guess.
So this is in Elzante, right? At Bitcoin Beach, yeah.
Sweet. OK.
If you could do like, you know, a guesstimate by average, like
how many people are are at the farmer's market, You mean in
terms of vendors, merchants, or in terms of people attending or?
Yeah, maybe maybe both. Like, you kind of run around the
merchant, but like, how many attendees do you have?
The last one, we had about 200 people come.
Wow, Yeah. Are they are they only
bitcoiners? Or are there some other people
that aren't necessarily bitcoiners and are going to get
orange pilled? It's majority bitcoiners, but
there are people that do come that are just curious.
I mean who doesn't like a good little market on a Sunday when
you're out having a stroll? We're not Bitcoin only, I should
clarify that. So we do get some people that
come in and spend USD with the vendors and there is, there are
some people that do get orange pills.
It is. It is quite a fun little
effective way of orange, orange peeling people, 'cause they
just, it's just right there, nice and simple.
Download a wallet. We have had exchange services,
so sometimes people have come in and actually just, Oh yeah, all
right, I'll try this Bitcoin thing, exchange some USD and
then they go and spend it somewhere else.
I actually did that with my mother last week.
I was like, mum, don't do that here.
I'll send you some Bitcoin and you can go hit 50 bucks and go
buy yourself some pretty, yeah, that's the that's the project.
Love it. OK so I I've recently become a
farmers market local. I I try to make it every every
week or every other week and go get meats and and my my roommate
gets like raw milk and you know they got they got cheese and and
breads and all that good stuff and I noticed that there is like
and you kind of just touched on it usually at the farmers
markets. They'll have like some kind of
exchange there where like you can use your credit card to pay
for like tokens and then they can, you know, turn in those
tokens for dollars. So like, how, how exactly does
the mechanism work there? Like you kind of hit on it with
your mom. Is there like a Bitcoin exchange
or are people just downloading Bitcoin wallets and it's
peer-to-peer like that? It's peer-to-peer.
I'm excuse me, I'm pretty much the Bitcoin ATM there.
I will. If people want to exchange, I'm
happy to do that. We did have a they're called
Achievo Achievo ATM in Elzonte, but that just recently had some
technical issues. So it's not here at the moment.
But that was another service that we would have, especially
for some vendors if they wanted, like we require the vendors to
accept Bitcoin, but maybe they don't want to hold on to it
because it's intimidating, right?
Especially if it's your first time.
So we would be taking people to those to that ATM and helping
them get USD out at the end of the day, which thankfully has
not been used very much. Quite often people who get into
it and they they want to hold on to it, which has been really
nice to see. Love it.
I'm going to get rushed in the chat.
Love it. Awesome, bro.
Well, I think maybe now. Is the time where where we do
the the tricky conversation of the circular economy of you know
spending sets and I love the I love the initiative I wish my
local farmers market would take Bitcoin it'd make my life that
much easier and and obviously would improve the the vendors
lives. But I I find it just so
difficult to like get the conversation started with people
I I just like. I just want, I just want to buy
some meat. I I don't really feel the need
to like change your whole world view here.
But OK, let's let's do let's do huddle versus circular economy
and spending your sets. What's your thoughts on this?
I I don't understand why people can't just huddle and replace.
If you have a set up with however you buy your Bitcoin if
you are willing to support Bitcoin businesses I think
that's really important and whatever you go and spend just
replace it and and and that's cold storage.
I don't see why you can't do both.
Obviously you know, huddling is it's what got us here in the 1st
place, right? There's there's no disrespect to
the the huddlers of last resort, but we are aiming, in my
opinion, Bitcoin. We should be aiming to move not
just from a store of value, but also to a medium exchange, a
unit of count, etc etc. We all know those talking
points. Part of doing that is supporting
businesses that accept Bitcoin and spend and replace.
That would be my take on it. OK.
I love it. Yeah.
I mean, I really always think about it in terms of.
If you're still kind of, you know, 1 foot in the Fiat world,
1 foot in the Bitcoin world, then I can see why you're going
to spend that dirty Fiat first. But if you're just completely
all in on Bitcoin, hey, it's your money.
You have to use it somewhere and you want more merchants and more
vendors to accept it so that it it becomes what we know it is
and it's money instead of just a store of value.
But I understand, you know the like.
The tax concerns for most people and you know, not not to judge
you, but I hear an accent there. So I'm guessing you're not an
American. No mate, I'm an Aussie.
And I I guess, yeah, that is something I'm don't know a lot
about is the tax implications in other jurisdictions.
So it's probably pretty easy for me to sit on my high horse in
Bitcoin country where it's legal tender.
So you know, I I think that's probably fair enough.
I guess there's extra layers of complication there for people.
So yeah, because it's it's so like a a lot of people don't
know that. I mean, if you're American, you
know this, but no matter where you are as an American, you have
to pay taxes, right? That isn't the case for
basically every country on planet Earth.
They're introducing that in in Australia.
Now they. Are introduced.
Are you going to give up? Are you going to give up your
citizenship? I am, Yeah.
That's wow. Amazing.
So how many? Individuals playing out, I'm
done with these crooks. So yeah, I'm lucky enough to
have another citizenship, which I probably won't say, but yeah,
yeah, I'm in the process of of renouncing because I don't even
know if I'll ever go back to that country.
I'll I'll go back when the government collapses and you
know, they're breaking. They're breaking out the
guillotines, maybe. We'll see.
And my favorite black and white costumes.
Not, not. Not a prison uniforms.
Use your imagination. OK, All right, James, one more
question. Or actually kind of two, What is
the future for the Bitcoin farmers market and how excited
are you to be living in El Salvador currently and just
seeing where the country's going?
You said you've been there for at least five months, so I'm
sure you've seen some advancements.
Oh no. We've been doing the market for
five months. I've been here.
I've been here for a couple of years actually.
Oh, let's go. Yeah.
Yeah, after the the tender law changed, I was here fairly
quickly in terms of the market. We are just aiming to get as
consistent as possible so that it becomes a recurring event
with a bigger and bigger following.
We are doing some pop up markets in other places.
Actually on this Sunday we are doing one up in a little town
called Berlin, which is up in the mountains in El Salvador.
So anybody watching, if you are in the country, it's about an
hour North East of the capital. Please come and check it out.
That's going to be a really big day.
It's not, we're not just doing the market, it's the big we're
we're just a small part of a bigger festival up in that town.
They've invited us. They're doing their own circular
economy. They're bootstrapping their own
thing up there. So yeah, please, if you're in
town, come and check it out. In terms of El Salvador, it is.
It is a bizarre and and beautiful place.
I really like it. It's not for everyone.
It depends where you live. If you live in the city, you
might not notice the great, great difference.
I'm out in the in the jungle, so you kind of have to be prepared
to, you know, you gotta, you gotta be really self-sustaining
and I love that. For me that's fantastic.
But I think for some we've we've met some people where it's a bit
of a bit of a shock for them in terms of the actual climate in
the country, it seems like there's a lot of hope.
This country's been through a lot.
We've been through civil war 30 years ago and then the gangs
were obviously horrific. There is, there is a lot of
optimism in the air here. It's it's palpable.
It's it's really nice to be, to be honest.
That's awesome. That.
That's so that's so inspiring, bro.
Holy cow. Wow.
OK, you're you are an expat. Chose to move to the shining
country on a hill. Savior El Salvador you don't
live in the big city. You live in the countryside.
And I'm. I'm Latin American.
I've lived in I haven't lived in Central America but I have lived
in the Caribbean have lived in South America.
So I know exactly what you're talking about when you mean it's
different and but to me what's surprising is you know I speak
Spanish so that's like like I I it's it's I I would say it's
it's not that it's. Normal to me.
But I am. I know that world.
But for someone who lived in a developed country like Australia
leaving and then finding comfort in the countryside in Central
America, I think that speaks volumes for how much progress
Naim Boukale and El Salvador have have made.
And that is extremely promising. I like I'm, I'm, I'm surprised,
right? I'm surprised.
Well, man, when you come visit, we'll have to go out to the
ranch. We'll ride some horses and
stuff. It's fun.
It's fun out here. Sounds like a plan.
Wait, Nico, before we go to meme review, James, we we didn't tell
people where they could find the farmers market, The one that you
do biweekly. Let the people know where they
can find you. And if they're in El Salvador
currently or they're going to make a Mecca trip out there,
where exactly are you guys located and what dates do you
usually? Run the market, right?
Yeah. So we do every second, Sunday
2nd, 2nd and last Sunday of each month basically.
So check it out on Twitter. We have a noster, which I don't
do a good enough job keeping updated because I'm still
getting in the habit of using that over over Twitter.
We have an Instagram as well, which my lady runs.
So yeah, just the regular socials shoot us the DM if you
have any questions. We update them pretty regularly
with posters, etcetera, dates, times, location, etcetera,
etcetera. That would be the easiest way if
you wanted to find more info and hopefully come along.
Love it. Love it bro.
Well, really appreciate your time.
Great story. Can't wait to get back down
there and actually hit it. I was there.
I think it was last August and. I I can't wait to get down there
and and see how it's improved and and see more bitcoiners and
yeah man. I'll, I'll definitely be hitting
up the farmers market when I'm down there.
Go. Do you mind if I plug one more
thing? Actually, yeah, shoot it.
Thank you. We, we're doing another market
on the 9th of November that's coinciding with like the third
day of the conference and that one's going to be a really big
one. We're getting bands, we're going
to have a little dirt bike track.
We're going to have skating competitions, prizes and stats,
things like that. We're also shout out to
Winekeus, he let's go, that's Winekeus because he coined the
term plebique. So we're going to do a big
plebique as well. We're going to do a big, big
fire pit and smoke a whole bunch of meat and do that as part of
the whole market. So that's going to be a really a
really fun day. Love it, bro.
Love it. Well, shouts out the wine.
Yeah, he hate, he hates when I say it, but he is the
influencers influencer and he's behind the scenes and you know,
I know he wants to be more of an influencer, but he's just, you
know, he's got his tentacles everywhere.
Shuts out the Winegas. Indeed.
Well, thank you guys very much for having me on.
No, man. Appreciate the opportunity to
you know, yeah man, this is this.
Is what it's all about. You know, this is what the
culture segments about IS is highlighting.
Bitcoin is doing cool stuff and continuing to push that Bitcoin
culture forward and, you know, giving.
Giving attention to a bunch of cool projects so that people
know that there is more Bitcoin is out there doing cool stuff
and maybe they should get involved or maybe create their
own farmers market. I don't know.
You know, hey, I'm just a top your own.
It's a decentralized movement, right?
I want to see more of these things around.
In fact, if you have any, if someone's thinking about it, DM
me because I've learned a few lessons along the way.
If you you know, I can help you not make the mistakes that I've
made. So.
I love it. Yeah, so.
But dude, I love, man. That makes me Opti.
We haven't just been talking crap, bro.
Do you understand? Listen.
So do you understand? No.
People don't understand. You don't understand.
OK? Latin America is not like the
US, OK? Like it's not like the US.
Like, it's the type of place where you can't wear certain
watches on the street. You don't want to pull out your
iPhone, right? You don't want to pull out your
phone, right. You kind of want to just be wary
of your surroundings and stuff, right?
So it's a kind of a little bit of a different environment.
And the fact, and I I agree with you, bigger cities are depends,
right? But you know, they tend to be,
let's just say, a little bit more developed.
But the countryside? No, no, no, no.
That's a whole different world. And the fact that you're having
a a good experience as an expat, someone not Hispanic.
How's your Spanish, by the way? Estrella prendiendo, Pero esmal.
Cassie Etagando Etagando. OK.
So, so, but yeah, man, that that to me is, is that's awesome that
that's. It's.
Oh, man. Naeem Boukele, Absolute Legends
Boukele 2024, KLA 2024. All right, everybody, let's get
to the memes. Let's do it.
The Daily Meme Review. All right guys, you already know
the deal. This is the meme review where
you tag me in memes on Twitter. Simply Bitcoin TV or my personal
one. Optimist fields.
I'll keep doing that for a little bit until it gets too
much notifications or drop them in our Telegram group.
T dot me simply Bitcoin TV. I look through them every
morning. Guys.
You guys are still just giving me.
You're still just stealing memes.
They're not giving me the Twitter account.
I'll take the Noster tweets or posts or burps or whatever the
whatever you call them on Noster now, tweets are the bullets.
Memes are the artillery. As we've constantly been
reiterating on this show, we are in an information war, and it's
upon us to spread the signal to ridicule the corporate press.
To get the humor out there, because if you tell people the
truth and you don't make them laugh, they may just kill you.
As George Carlin usually said, like no, go go back to the
memes. Go what?
What is going on here anyways, guys, there's the meme review.
Get your meme review scores ready, because we've been
delayed too long, and drop it on the last one.
So that we can. You can't vote for me for 2028.
It won't work. It won't work.
Get your mean review scores ready because we've had delays.
And then we want to keep it going.
All right, guys, all right, all right.
Theme is by Michael Saylor. I just love when billionaires
meme with us on Twitter. And this is something I've been
saying. This is the theme I've been
hitting on all week. And James is a part of this.
Engineer a better future with the Bitcoin standard.
And you can see here Bitcoin logo with, you know, the atoms
and mathematical equations behind it.
And you know, I don't know who, I don't know who's doing the AI
for Sailor. I doubt he's the one using it
himself. Maybe he's got his secretary
doing it, but constantly making the AI memes engineer better
future guys. This is the way.
This is what we're all doing here, figuring out how we can
all participate and further push the Bitcoin standard.
Anyways, next meme is by Maxi's club and we got a bear here
crying with its red candle, and we have a bull stealing its
chart of my first market and some green candles.
Guys, I'm not fully confident that I can say we're in a bull
market yet. We might have one more dip in,
but it feels like we're in a bull market.
You know, 35 K feels pretty good and the green candles will come
soon, so make sure you're stacking.
Make sure your Bitcoin is in cold storage stacking.
Make sure you are in a good position before the bull begins
its run. OK, next one is by our boy
Vikingo, AKA at Vikingo Bitcoin 9 and he just goes hashtag BTC
and we got a classic NPC Whoa Jack here and it goes.
Bitcoin isn't worth anything. And the context here for Vikingo
is he keeps trying to get paid in Bitcoin.
He keeps having these conversations.
He's getting very black pilled. He's like, I don't even want to
have these orange pilled conversations with people
anymore. I'm kind of the same way like we
do the show, I I let them come to me now.
You know sometimes us bitcoins can be unbearable.
I I don't even try to orange pill the vendors anymore.
I'm just like OK you want Fiat? Fine.
Like I got Bitcoin but whatever, fine, fine, fine.
We get it. You know the the whoa Jack out
there the MPC out there is going Bitcoin isn't worth anything.
Well guys, it's 35K and as we move into the bull run, more
people will wake up to the fact that Bitcoin is worth a lot.
It's actually worth $35,000. Who would have thought?
OK, next one, shout out the Big Sean Harris 'cause he's the GOAT
and he just goes unpopular opinion bitcoiners when you buy
Bitcoin from an exchange they don't like.
And we have Dwight from the office.
This might not even be from the office though, but he's in a oh,
wife beater looking very concerned.
And also, I want to add to this one, It's what Big Sean says.
And I say this all the time as well, so shouts out the Big
Sean. He says, I don't care where or
who you buy your Bitcoin from, as long as you have the ability
to move it into your cold wallet where you own your own keys.
This is the way guys like we all have, you know, our favorites.
Maybe you're a no KYC advocate, maybe you just don't even care.
Maybe you're a peer-to-peer guy. All that really matters is that
you take your Bitcoin into cold storage, that you own the
private queues. And as more and more people get
on the Bitcoin standard, all of this will be for naughty and it
really won't matter in my opinion.
Maybe I'm naive. I understand the threats from
authoritarians, tyrants and all that stuff, but in my opinion
they can barely control their own monetary network.
You think they're gonna control ours?
Nope, not gonna happen. Anyways, side tangent next week
in by Rory. Hindsight shout out to Rory.
Also an Aussie a go in my opinion.
Been around for a long time. Wait, hold on, hold on.
James, could you say Kangaroos? Kangaroos wait, wait, wait, Can
you we? Actually, just call them Roos.
But can you say no? Can you do it?
No. Ner, where does the R come from?
I don't get it. OK.
Anyway, side tangent, there's much.
To do on that big pile of sand. So we have to get creative with
that language. You know, OK, Rory, high side
goes. All wars are banker wars.
War is expensive. Burr is inevitable.
Opt out with Bitcoin and we got a picture here of Jerome Powell
with a burning pile of cash in front of him and the Bitcoin or
not the Bitcoin flag, The American flag in red or is this
orange? I can't tell I'm colored blind.
Is this orange or is is this orange tinted?
Is it red? The fire?
The fire is tinting it orange. OK, what do you what do you see?
It looks kind of orange, but like kind of red to me.
I don't know. Interesting.
All right, this last one is my RDBTCAKLRD, under score BTC.
And he goes, it's a way of life, Hashtag Bitcoin.
And here's all of the new bitcoins.
Here's all of us. Basically, we got a guy here
sitting, you know, on a platform, he's in a suit and
he's laserized. He goes when you first find
Bitcoin and you just sit there with laser eyes like this is who
I am now. I guess I'm a bitcoiner.
I I guess this is my life. I guess my whole life purpose is
to try to orange peel people to huddle these coins, to
continuously interject Bitcoin into every conversation
possible. Because Bitcoin fixes this.
This is who I am now. I've accepted this.
I am OK with this. I I'm the Unbearable Bitcoiner.
It is what it is. It is what it is.
All right guys, drop your meme review score in the chat as we
cover ours live and we will get to yours.
Anika, you have yours out. Let's go with you first.
Yeah, I see Sophie is in the chat, so I'm going to give it a
fucking dancing squirrel 3. Dancing squirrels.
Pop, pop, pop, pop, pop, pop. Yeah, I was gonna say where's
the music, bro? Where's the music?
Yeah, that's enough. Where we get copyrighted.
That is my meme score. That is my meme score, alright,
my meme, my meme review score is the Bitcoin dog by our boy Will
Shouts out to you Will. But actually let me let me read
the note he wrote for me here when I saw him at Pacific
Bitcoin. He goes opti you bastard, love
you, the Bitcoin dog shouts out to you Will.
Yeah, I can read. Yes, this is true.
Better than you, too. That's true.
All right, James, your turn. I'm.
Going to give it one Bitcoin Air Max Dang.
Yeah, these are made by a little local artist here.
Sick. So come to Bitcoin country and
grab yourself a pair that's 20. Yeah, that's nice.
Do you only have one? Do you have a?
Is it? Is it custom?
Is it like? Did you?
Did he paint it? Yeah, yeah.
So you're never gonna wear those?
I know. Well, these are actually for my
lady. These are way too small for me.
But no, I don't think she's ever gonna wear them either.
Well. Little collector, Yeah.
Collector's Edition? Absolutely.
You don't want to increase your your Air Force ones, bro.
That's bad. Yeah, yeah, yeah.
I agree, definitely not. Well, great, great scores today.
Before we, before we get, before we get into the meme review
score, I want to give a shout out to to wine.
Really. Shut up wine.
Get our merch or wine. Will get upset with us.
He he's, he's our merch guy and I'm yelling at him to get you
guys hats. We're in the works.
We're talking about it. I know, I know, you guys are
going to yell at me in the. Chat.
It literally says Bitcoin or slavery in the stitching.
It's super freaking nice. Opti's wearing a represent.
Represent are the ones who made it for us.
Very high quality merch. We're working on the dad hats.
We're working on the on the snapbacks.
The snapbacks as well. Let me know, let me know in the
chat. We're.
Working on the female merch or in Telegram?
What do you guys want? Snapbacks, Dad hats?
Female sizes? I get it where you're going to.
You could really support the show by by really getting some
of our merch. Anyways, Opti, it's time for the
meme review. All right, Justin Boy.
Even Meme Score BTC peer-to-peer paradigm adoption completed 100.
Well, close not not completed yet.
OK, Will, Wettenheim says the process of opting out is backing
out. Always keeping an eye out on the
Lizard class. Phillip.
I don't know, Nico. You make Eric.
Philip Russo says Lagarde, looking away for any way to gain
access to Opti. That's a good one.
That was a that was a good censorship.
Narwhal tacos. Meme score.
Liz Warren's Ledger gets rugged by her own department.
Yes. Oh man, Next one.
I think there's a delay. There's the delay.
No, there isn't a delay. It's because we ran out of time.
We ran out of time. There's just we just ran out of
time. Anyways, guys, if you enjoyed
the show, make sure to smash that like button.
Consider subscribing if you feel like we provided you value.
But the number one thing you do to help this movement, share
Bitcoin content, share projects that bitcoiners are working on,
share Bitcoin art, that's we got to change the culture.
We got to fundamentally change the culture, change the culture.
We win this thing and I think we're going to win this thing
anyways, but it will just make it a lot faster.
I want to give a shout out to our guest, BTC Farmers Market.
Thank you so much for joining us today, man.
Really, really appreciate it. And shout out to you moving to
the shining country on a hill, El Salvador.
I'm so glad that you're having a great time and makes me really,
really happy that Naimbu Kele is, you know, doing good things
over there. Well, thank you very much for
having me on both of you. It's a pleasure to be here.
And sorry I don't get to watch the show as much as I would like
to. I'm too busy but fan of the
show. It's an honor to be here.
So thanks very much. The honor's ours, man.
Thank you so much for coming and hopefully we'll have you back on
soon and see see how your project is developing, man.
So thank you so much again for joining us.
Appreciate it all. Right guys.
Have an amazing weekend, everyone.
Take care. And you know some some well
needed rest. Relax, go outside, get some sun,
eat some good food, you know, hang out with good people.
Love you all. And we'll be back on Monday,
12:15 PM Eastern Standard Time for another episode of Simply
Bitcoin Live. Peace out, everybody.