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Welcome back everyone. 
We're simply Bitcoin. 

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We break down the news. 
The daily fail mean review. 

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Software releases Hardware, 
releases and the plebiscites 

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joining us today. 
We've got to fellow bitcoiners 

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return guest fumble make Bumble 
and we've got a new guest Margo 

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also known as jyn erso on 
Twitter, fellow Bitcoin or 

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joining us. 
Thank you both for joining us. 

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Thanks for having us. 
Yeah, thanks for having us. 

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All right, let's dive into the 
numbers. 

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Let's do it. 
Nico. 

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Now that's brought to you by 
Nuttall. 

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They make some of the best 
Bitcoin notes like the novel 

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Dojo. 
The one I'm holding it in my, in

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my hand. 
It's in red. 

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That means it's very fast. 
Also made of metal. 

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Remember guys. 
If you don't run your own 

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Bitcoin node, you're trusting 
someone else's, that's a big 

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No-No for privacy, run your own 
version of Bitcoin core and the 

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lightning Network. 
In the comfort of your own home.

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Get yourself a Bitcoin know 
today. 

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Like the nozzle at the time of 
this recording. 

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The block height is 737,000 895 
the Bitcoin price 29,000 735 

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chain rewrite day, 757 total 
public lightning capacity. 

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Almost 4K, 3911 dot 64, BTC 
Moscow time, 3363 blocks of 

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having 102,000 105 and the 
samurai whirlpool. 

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And capacity. 
Samurai Whirlpool is a coiner 

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collaborative. 
Spend. 

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It is not a mixing service and 
the unspent capacity for that 

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pool is 4770, 2.90 eight numbers
number again numbers again. 

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Well guys, check this out. 
Some some things to talk about 

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during the number segment. 
We're going to do a follow-up to

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you know, the the world economic
Forum that's currently happening

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in Davos the hypocrisy of the 
This world. 

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Deletes the BS. 
That is the whole ESG stuff 

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rules for the, I mean, yeah. 
Rules for the enough for me. 

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That famous saying, you guys, 
are you guys know what I'm 

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talking about before? 
I got this really interesting 

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screenshot. 
And if you want to know, if you 

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are late to bitcoin, I've seen 
this, I've seen the shown many 

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times, right? 
This is the Bitcoin adoption 

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curve, right? 
Don't take this as you know as 

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factual, but you can kind of get
A pretty good feeling of where 

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we are. 
And if you think we're still 

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late, if you think you're late, 
right, this is the innovators. 

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I feel like these are the people
that got in before 2015. 

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I would say the early adopters 
are really people that got into 

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this in the 2017 cycle. 
And here's the chasm before the 

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first early majority gets in, 
right? 

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So just just don't be in the 
laggard section. 

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Anyways, I just wanted to show 
that I thought was really 

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interesting. 
Anyways, I tweeted this out a 

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couple days ago. 
I said they do not care about 

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Bitcoins environmental impacts. 
What they want. 

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Is to get to decide what energy 
uses. 

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Okay, and what isn't I'm going 
to go back to this. 

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By the way this in the could be 
the last time I'm going to talk 

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about this. 
I'm going to talk about this 

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during the new segment. 
I have some more evidence and 

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here is Elon saying which it 
doesn't make sense to me. 

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Write X axon, which is a huge 
oil and gas company is rated top

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10 best in world for 
environmental, social justice 

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ESG by the S&P 500. 
And while Tesla didn't make the 

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list yes, Jesus cam. 
It has been weaponized by phony 

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social justice Warriors. 
I believe that as well because 

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how could it be that one of the 
largest oil and gas companies is

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so-called ESG compliant, but 
Elon musk's Tesla, which is 

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literally create. 
He's the one innovating. 

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He's responsible for this 
electrical vehicle Revolution 

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that, you know, is going to help
people get off of, you know, 

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Fossil fuel using cars, which 
would potentially help the 

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environment, but he's not 
awarded and environmental social

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justice approval, I guess and 
more hypocrisy. 

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Right? 
This is the UN special Envoy for

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climate action, Mark Carney 
pushes my microphone away, 

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trying to avoid scrutiny over 
his blatant hypocrisy and being 

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a part of such a huge carbon 
footprint in Davos, right? 

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Remember, we've showed you 
videos yesterday. 

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They're taking private jets. 
They're taking, you know, gasps 

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go go. 
Killing expensive luxury 

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vehicles. 
And here again. 

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Here's more hypocrisy. 
So this makes you believe, 

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right? 
Is, is that ESG thing really is 

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a form to control people. 
Or is it really about the 

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environment this tweet by Elon 
musk's about Exxon being, you 

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know, so colds not a more ESG 
friendly than Tesla even though 

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Tesla's electric vehicle company
and again more hypocrisy from 

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Davos. 
Anyways, let's check out this 

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video Hattie Hattie justify the,
how does the UN climate 

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envelope? 
Justify the massive carbon? 

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Today to set this up this, fake 
City for a week event. 

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How did you, how did you get 
here? 

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Did you fuck you walked? 
Did you come on a private jet 

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for some nice. 
So, how do you justify this? 

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Look at all of this for one week
event. 

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The carbon footprint is huge 
dining. 

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That's a bit hypocritical. 
Look, there is lots of progress 

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being made, but look, I'm not 
doing a stand-up interview. 

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Okay, so why not? 
You're walking that way. 

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Anyways, I think of people 
around the world, you know, 

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this. 
See this are we gaining trust? 

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I, that's the whole purpose. 
I do lots of media friendly 

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media. 
No, I do like no God, no one's 

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there to hear invited the I'm 
doing what I'm doing. 

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No media. 
That's when we sit down and I'll

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make a time with you and answer 
some actual tough questions. 

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You can, you can make a request 
for a meeting and you can deny 

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it. 
Look, as I say, with everyone 

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has with everyone else, you can 
do the same thing as, with the 

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Amazing. 
He's a good guy, but I'm not 

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gonna go. 
I'm sure you're good guys. 

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Well, all people are good. 
I've got it's absolutely right, 

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but but the whole world is 
looking at least. 

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Now going to your pack of 
Hypocrites in your other, you're

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at the top of the chaining 
Hadley. 

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What would you answer? 
People? 

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Just give me one answer to the 
people? 

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Okay, sir. 
So more of what we've been 

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talking about. 
This is what Elon Musk is 

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referencing, right? 
It's rules for thee, but not for

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me. 
And yeah, look, what does this 

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have to do with Bitcoin? 
Because it's a Bitcoin show 

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after all, remember guys. 
If you control the energy, you 

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control people, the whole ESG is
an attack Vector on Bitcoins 

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energy usage. 
We've seen it used by in you 

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know by the Democrats in the 
United States. 

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We've seen it used by European. 
Jeans, right. 

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So yeah, and I'm not the only 
one saying this. 

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We also have James Lindsay, 
which is a predominant. 

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Conservative commentator, also 
saying that this whole ESG stuff

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as very nefarious, intentions, 
and I don't think it has 

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anything to do with the 
environment and it is a 

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potential attack factor and they
are using as an attack Vector 

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against Bitcoin. 
Anyways, Jean. 

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I know you have some experience 
with, you know, and especially 

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working at the Bitcoin policy 
Center. 

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What are your thoughts on this? 
Yeah, well, it's the is the 

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Bitcoin policy Institute and I'm
a fellow there and some of my 

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comments today will not reflect 
the Bitcoin policy Institute. 

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But yeah, I mean, I think it's 
really interesting with with 

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these Davos people and I want to
be clear that you can care about

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climate change and also disagree
and see the hypocrisy of the 

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Davos group as well as I 
personally do. 

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And You know, flying around in 
private jets. 

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And the reality is that these 
very, very wealthy leads are 

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some of the greatest emitters of
carbon emissions. 

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Like they are responsible for 
like much of the emissions that 

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we have right now in the 
atmosphere. 

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So it is hypocritical. 
And yeah, I mean there is a 

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great misunderstanding around 
energy usage with Bitcoin and 

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Bitcoin mining what purposes? 
It serves and I think it really 

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just comes down to whether or 
not you value Bitcoin. 

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If you think it serves, 
absolutely, no purpose. 

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If you think it's just 
speculation, then you're never 

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going to believe that any amount
of energy. 

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Use any amount of kilowatt hour 
is worth going toward Bitcoin. 

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That's the reality. 
So it's really you have there's 

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a lot of Education that still 
needs to happen and it's 

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unfortunate. 
Because people like Elizabeth 

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Warren who have based their 
career on going after the 

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banking industry and in 
particular after the financial 

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crisis of 2008 that that they 
completely missed the mark on 

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bitcoin because it is a critique
of this same system that she 

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claims and others, like, her 
claim to oppose. 

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So yeah, it is. 
It is problematic definitely, 

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and yeah, in a way it is, it is 
an attack vector. 

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Actor on bitcoin visits. 
It's probably the hardest 

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narrative to fight. 
I think it it's just it's one 

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that never dies. 
And a lot of people rely on Old 

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fud that has been completely 
debunked, including the Murrah 

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at all paper. 
That claim that Bitcoin was 

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going to melt the planet in two 
years, you know, it would make 

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Bitcoin. 
Sorry Bitcoin would make a 

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global warming hit 2 degrees 
Celsius within a decade, right? 

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That was the claim and Other 
scientists. 

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There was three papers published
in the same Journal. 

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That said, no. 
This is the methodology is 

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really bad. 
So, yeah, it's a never-ending 

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battle. 
But hoping that we can make some

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progress and change the minds on
this with our work. 

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So we had Natalie Brunell on the
show about a week ago and she 

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kind of had the same opinion 
where it's a lack of Education 

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Phil and I have been covering 
I'm this subject every single 

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day and we have come to believe 
that it's a little bit more 

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nefarious, than lack of 
Education. 

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I'm going to get to that during 
the news and I would love to get

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more of your thoughts. 
But fumble. 

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What are your thoughts on these 
hypocritical? 

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Elites in Davos burning all that
jet fuel, but telling the 

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peasants. 
No, no, you gotta do nothing and

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be happy and eat your buck. 
Shut up and eat your bucks. 

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Yeah. 
I'm also very Of ESG, I think 

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it's a tool that's used by The 
Establishment for their own 

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purposes. 
It may be an indicator of how 

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how connected you are with the 
establishment where Exxon is top

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10 and was Tesla has recently 
fallen out of favor. 

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So they're, they're out and 
seeing seeing the devil's 

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reminds me of them. 
I think. 

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I think it was some climate 
conference in Glasgow and 

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scot-free. 
Last year's. 

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Yes, and they had, like, people 
carriers picking up people from 

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the airport and taking them to 
the conference and they were all

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like, Tesla's and stuff, but 
they were all like recharge with

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like diesel generators around 
the corner. 

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So there's, there's a clear kind
of like smoke and mirrors. 

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They like to kind of give this 
image and and yeah, you know, I 

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think I think we really lack of 
nuance from the whole discussion

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like, Can both recognize that 
ESG is a scam and used by the 

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state to extend their power and 
as well all acknowledge that 

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climate change, whether we 
might, you know, squat about 

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specific, very specific 
predictions. 

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It's an established fact, and 
and so I do, you know, having 

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that nuances not, you know, 
doesn't mean that, you know, we 

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cut, We can't agree, you know, 
on certain points here. 

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And I also wanted to say, like, 
it's been a long-standing, like 

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tactic of the fossil fuel 
industry to fund the the 

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propaganda to individualize 
climate change. 

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The fact that like, you know, I 
thought I saw a clip of some 

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going Davos. 
I think you've already showed it

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on maybe yesterday, show about 
whether it's today about the 

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using technology to they have an
Eventual track of your carbon 

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so, you know, putting the blame 
but on two individuals were in 

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really like there's massive 
systemic like institutional 

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level abuses, you know, I saw a 
tweet from military cross 

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00:13:04,800 --> 00:13:09,700
recently also from the Bitcoin 
policy Institute and said the 

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00:13:09,700 --> 00:13:12,200
largest US Banks and asset 
managers responsible for 

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00:13:12,200 --> 00:13:15,600
financing equivalent of almost 
two billion tons of carbon 

227
00:13:15,600 --> 00:13:18,700
dioxide in 2020. 
Making the US Financial It'll 

228
00:13:18,700 --> 00:13:23,700
set of the world's fifth largest
emitter if it were a country, so

229
00:13:24,000 --> 00:13:27,900
they're good at, you know, using
them their Capital to misdirect 

230
00:13:27,900 --> 00:13:30,600
us to blame us, blame. 
The individual, make us all look

231
00:13:30,600 --> 00:13:35,000
at the plebs and blame them, and
to redirect attention to 

232
00:13:35,000 --> 00:13:37,000
themselves. 
Absolutely film. 

233
00:13:37,900 --> 00:13:42,500
I was just quickly add that I 
wrote up an article based off of

234
00:13:42,500 --> 00:13:46,500
this, the report that Troy 
referenced, and it's called, 

235
00:13:46,500 --> 00:13:48,500
it's called Bitcoin versus the 
bank. 

236
00:13:48,600 --> 00:13:52,800
Which is better for the planet 
and so you can see that on my my

237
00:13:52,800 --> 00:13:59,400
medium account which is linked 
on on my Twitter profile. 

238
00:13:59,400 --> 00:14:04,500
So yeah, so I basically just do 
a comparison using the numbers 

239
00:14:04,500 --> 00:14:08,200
from that report and you can 
decide based off of what I've 

240
00:14:08,200 --> 00:14:11,200
written, whether Bitcoin or the 
banks are better for the planet.

241
00:14:11,200 --> 00:14:15,900
I know the choice that I made 
says that it's big boy, but, you

242
00:14:15,908 --> 00:14:17,800
know, someone else might 
disagree. 

243
00:14:18,600 --> 00:14:19,800
Ali. 
And we're definitely going to 

244
00:14:19,800 --> 00:14:22,500
use that as Source material in 
the upcoming shows. 

245
00:14:22,500 --> 00:14:24,500
Thanks for letting us know. 
And, of course, we will put 

246
00:14:24,700 --> 00:14:27,400
jeans all his all her 
information where you can find 

247
00:14:27,400 --> 00:14:30,500
her, download link description. 
Anyways, Phil closing thoughts, 

248
00:14:30,500 --> 00:14:31,700
my friend. 
Yeah. 

249
00:14:31,700 --> 00:14:34,100
I think, I think you guys killed
it with the comments. 

250
00:14:34,100 --> 00:14:35,900
I think that that was 
well-rounded. 

251
00:14:36,000 --> 00:14:39,700
The only thing that I can add is
to quote, the gentleman in the 

252
00:14:39,700 --> 00:14:42,000
video. 
They're doing a lot of good. 

253
00:14:42,200 --> 00:14:44,800
Yeah. 
Just remember that. 

254
00:14:44,800 --> 00:14:47,000
Okay, everything's Justified 
because they're doing a lot of 

255
00:14:47,000 --> 00:14:48,400
good. 
Yeah, a POC receipt. 

256
00:14:48,600 --> 00:14:51,300
Astounding anyways, yeah, you 
eat bugs. 

257
00:14:51,300 --> 00:14:54,500
We'll go on fly private jets. 
But anyways, Phil it's time for 

258
00:14:54,600 --> 00:14:57,400
the daily fail brought to you by
Swan. 

259
00:14:57,400 --> 00:15:00,700
Check them out. 
Swan Bitcoin.com. 

260
00:15:01,000 --> 00:15:05,200
It is a Bitcoin stacking 
platform by fellow plebs. 

261
00:15:05,400 --> 00:15:09,200
You've got automated Bitcoin 
savings plans, instant purchases

262
00:15:09,200 --> 00:15:12,900
serving clients of any size. 
They've got an app that's coming

263
00:15:12,900 --> 00:15:14,300
out soon. 
It's gonna be lit. 

264
00:15:14,300 --> 00:15:16,600
The link is down below. 
All right, it's gonna be a 

265
00:15:16,608 --> 00:15:19,500
little bit, the change of Gears 
from the from The climate change

266
00:15:19,500 --> 00:15:21,700
and from the stuff that we're 
going to be getting into in the 

267
00:15:21,700 --> 00:15:24,800
news. 
Yeah, we are going to dive into.

268
00:15:24,800 --> 00:15:28,100
We haven't looked at some some, 
some bsv fail in a while. 

269
00:15:28,100 --> 00:15:29,500
So I figured. 
Why not? 

270
00:15:29,500 --> 00:15:30,600
Why not? 
We're gonna, we're gonna enjoy 

271
00:15:30,600 --> 00:15:32,400
some pain here. 
Let's let's dive into some 

272
00:15:32,400 --> 00:15:33,600
paint. 
All right. 

273
00:15:33,600 --> 00:15:37,400
So for the people who hang out 
on Twitter and have sat in 

274
00:15:37,400 --> 00:15:39,600
spaces, you may have run into 
this gentleman. 

275
00:15:39,600 --> 00:15:44,600
Hector Lopez likes to join the 
Bitcoin spaces, but is a BS V, 

276
00:15:44,600 --> 00:15:48,500
ER, and likes to shill the bsv 
narrative and that's what we're 

277
00:15:48,600 --> 00:15:51,600
At today in this tweet. 
Let's take a look. 

278
00:15:51,900 --> 00:15:54,400
There are 1.2 billion people in 
Africa. 

279
00:15:55,000 --> 00:16:00,500
There is 350,000 available 
transactions on bitcoin BTC 

280
00:16:00,500 --> 00:16:04,100
right now per day. 
If everyone in Africa wanted to 

281
00:16:04,108 --> 00:16:07,500
buy one thing using BTC 
tomorrow, it will take over nine

282
00:16:07,500 --> 00:16:10,800
years to process all of those 
transactions. 

283
00:16:11,300 --> 00:16:13,900
So I look, I am not the best at 
math. 

284
00:16:14,200 --> 00:16:16,100
Okay. 
I'm really not the best at math,

285
00:16:16,100 --> 00:16:18,400
but I did some really simple 
math to figure. 

286
00:16:18,500 --> 00:16:22,500
Figure out seven transactions, 
per second, and we're at over 

287
00:16:22,500 --> 00:16:26,000
600 and 4800, which is 
completely irrelevant because 

288
00:16:26,000 --> 00:16:29,000
it's the base layer. 
Okay, the base layer was never 

289
00:16:29,000 --> 00:16:33,400
meant for your coffee and your 
Bubblegum and are garbage. 

290
00:16:33,500 --> 00:16:36,000
Okay, that that's, that's 
complete nonsense. 

291
00:16:36,000 --> 00:16:41,400
But anyway, so ha completely 
omits the lightning Network. 

292
00:16:41,600 --> 00:16:45,100
Okay, like, it doesn't even 
exist, but we're going to go 

293
00:16:45,100 --> 00:16:48,400
take a look at the lightning 
white paper for. 

294
00:16:48,700 --> 00:16:51,600
Well, actually the lightning 
Network website. 

295
00:16:51,700 --> 00:16:54,200
Okay, let's just take a look 
right here. 

296
00:16:54,900 --> 00:16:57,900
The scalability of lightning 
capable of millions to billions 

297
00:16:57,900 --> 00:16:59,900
of transactions. 
Per second across the network 

298
00:17:00,100 --> 00:17:03,100
capacity, blows away Legacy 
payment rails. 

299
00:17:03,100 --> 00:17:06,500
By many orders of magnitude 
attaching payment per action. 

300
00:17:06,500 --> 00:17:08,700
Click is now possible without 
custodians. 

301
00:17:08,700 --> 00:17:11,400
And keep in mind, this was 
written several years ago, B, 

302
00:17:11,400 --> 00:17:13,400
A.J. 
Drita and Joseph poon. 

303
00:17:13,599 --> 00:17:16,000
Who are you? 
Who you are going to see in a 

304
00:17:16,000 --> 00:17:19,000
second in a video with Craig, 
right. 

305
00:17:19,000 --> 00:17:21,000
This was one of the rare 
instances. 

306
00:17:21,200 --> 00:17:24,000
Okay. 
We're we're vitalic, actually 

307
00:17:24,400 --> 00:17:28,600
really pulled out a good move 
and it was, it was actually 

308
00:17:28,600 --> 00:17:30,900
pretty epic to see. 
But anyways, before we before we

309
00:17:30,900 --> 00:17:34,500
dive into, before we dive into 
that video, Let's just quickly 

310
00:17:34,500 --> 00:17:36,600
continue on the lightning 
Network. 

311
00:17:36,900 --> 00:17:39,200
The lightning network is going 
to change how you think about 

312
00:17:39,200 --> 00:17:42,400
Bitcoin and this was written in 
2021 Desiree, Dickerson who 

313
00:17:42,400 --> 00:17:44,000
we've had on this show. 
Okay. 

314
00:17:44,000 --> 00:17:47,800
She's the CEO of Thunder games 
like, but at the time she was at

315
00:17:47,800 --> 00:17:49,700
Lightning Lad. 
And she was vice president of 

316
00:17:49,700 --> 00:17:52,000
operations. 
Who's Loki, genius background 

317
00:17:52,000 --> 00:17:55,600
includes a smattering of 
Endocrinology biophysics 

318
00:17:55,600 --> 00:17:57,900
genetics and helping the 
government launched, the 

319
00:17:57,900 --> 00:18:00,600
Affordable Care Act, which made 
her disenchanted with the 

320
00:18:00,600 --> 00:18:03,400
government. 
Interesting, setting up a 

321
00:18:03,400 --> 00:18:05,800
government setting up a 
government function made. 

322
00:18:05,800 --> 00:18:09,300
You disenchanted, who would have
thought people say it's two 

323
00:18:09,300 --> 00:18:11,300
years out. 
It's really not their 

324
00:18:11,300 --> 00:18:12,900
applications where you don't 
have to. 

325
00:18:12,900 --> 00:18:15,300
Think about nodes. 
I use lightning every single 

326
00:18:15,300 --> 00:18:17,200
day. 
This was in 2021 people. 

327
00:18:17,500 --> 00:18:19,400
Okay, and the bsv. 
Ours are still telling you that 

328
00:18:19,400 --> 00:18:21,600
this doesn't work. 
Lightning currently has a 

329
00:18:21,608 --> 00:18:28,200
maximum throughput of 25 million
transactions per second compared

330
00:18:28,300 --> 00:18:31,300
with on chain, throughput of 7 
transactions per second. 

331
00:18:31,300 --> 00:18:34,100
That's why I used the seven 
transactions per second to do my

332
00:18:34,100 --> 00:18:36,900
math. 
I don't know what ha used and it

333
00:18:36,900 --> 00:18:39,900
expects that to increase as the 
network grows. 

334
00:18:39,900 --> 00:18:43,200
She says that lightning Network 
settlement is instant instead of

335
00:18:43,208 --> 00:18:45,900
taking 10 to 60 seconds on 
chain. 

336
00:18:46,400 --> 00:18:48,400
So you see the shit coin 
narrative. 

337
00:18:48,600 --> 00:18:52,200
Leaf falls apart when lightning 
comes into the picture. 

338
00:18:52,600 --> 00:18:54,900
Okay, and the other piece to 
this. 

339
00:18:54,900 --> 00:18:56,300
Okay. 
This is what the disingenuous 

340
00:18:56,300 --> 00:18:59,700
specifically, the bsv people. 
What they don't tell you. 

341
00:19:00,000 --> 00:19:02,300
Okay, what they do not tell you 
about bsv. 

342
00:19:02,700 --> 00:19:07,600
Okay, this is already back last 
year, last year alone, bsv was 

343
00:19:07,600 --> 00:19:11,400
attacked four times in July 
alone. 

344
00:19:11,400 --> 00:19:14,400
Imagine storing your value on 
this network. 

345
00:19:14,400 --> 00:19:18,300
Now, why, why would you store 
your value on this network? 

346
00:19:18,500 --> 00:19:20,100
You wouldn't. 
Why not? 

347
00:19:20,100 --> 00:19:25,200
Because it has no security and 
if you take a look, okay, this 

348
00:19:25,200 --> 00:19:29,400
is the bsv versus Bitcoin hash 
rate and you can see it here. 

349
00:19:29,500 --> 00:19:32,100
The all-time this tiny little 
red line that you can barely see

350
00:19:32,100 --> 00:19:35,400
at the bottom of the screen. 
This is the bsv hash rate. 

351
00:19:35,400 --> 00:19:41,200
It is a complete zombie. 
Nobody is securing this shit 

352
00:19:41,200 --> 00:19:43,100
Fork. 
No one. 

353
00:19:43,400 --> 00:19:46,200
Okay, and you've got guys like 
him that come into the they come

354
00:19:46,200 --> 00:19:48,300
in a Bitcoin spaces and they put
out tweets. 

355
00:19:48,500 --> 00:19:51,800
The try to scam you into 
thinking that you need to be 

356
00:19:51,800 --> 00:19:55,300
buying this fake shit coin. 
Now, I'm going to end the I'm 

357
00:19:55,300 --> 00:19:58,400
going to end this rant with this
this video right here. 

358
00:19:58,700 --> 00:20:00,300
Okay. 
This is I'm not going to show 

359
00:20:00,300 --> 00:20:02,100
the whole thing because a lot of
the sound at the beginning is 

360
00:20:02,100 --> 00:20:05,300
kind of roughed up. 
So we just need to. 

361
00:20:06,300 --> 00:20:08,600
We just need to see the the 
signal piece. 

362
00:20:08,600 --> 00:20:29,000
Okay? 
The other people instead of The 

363
00:20:29,000 --> 00:20:33,400
Selfish minor earning a benefit,
the owners minor. 

364
00:20:33,400 --> 00:20:39,300
Does that the paper ice cream, 
cone understand your 

365
00:20:39,300 --> 00:20:44,700
presentation? 
The rest of the audience, I 

366
00:20:44,700 --> 00:20:48,800
wrote the lightning paper, and I
don't understand what you're 

367
00:20:48,800 --> 00:20:52,200
saying. 
Okay, that says it all. 

368
00:20:52,300 --> 00:20:55,200
So the whole point, right? 
The whole circling point that 

369
00:20:55,200 --> 00:20:59,500
I'm coming back to these, people
are completely disingenuous with

370
00:20:59,500 --> 00:21:02,900
their intentions, to get you to 
pay attention to this 

371
00:21:02,900 --> 00:21:06,500
ridiculous. 
Message of bsv is the real 

372
00:21:06,500 --> 00:21:08,200
Bitcoin. 
It is not the real Bitcoin. 

373
00:21:08,200 --> 00:21:10,500
It is a shit Fork of a shit 
Fork. 

374
00:21:10,600 --> 00:21:14,800
It is a fork of be cash, KB 
cache is a fork. 

375
00:21:15,500 --> 00:21:18,600
It's complete nonsense. 
And all they do is they use this

376
00:21:18,800 --> 00:21:21,000
this ridiculous. 
You swear they choose a couple 

377
00:21:21,000 --> 00:21:25,400
of words out of the white paper 
and say, these words are Bitcoin

378
00:21:25,400 --> 00:21:28,700
only and he is Satoshi. 
Look. 

379
00:21:28,800 --> 00:21:30,900
This guy's been called out 
multiple times. 

380
00:21:31,000 --> 00:21:33,200
We keep showing you over and 
over again how the network 

381
00:21:33,300 --> 00:21:37,300
cannot be secured and it gets 
attacked multiple times. 

382
00:21:37,700 --> 00:21:39,700
Okay. 
This thing is complete garbage. 

383
00:21:39,700 --> 00:21:44,500
Do not pay attention to that 
type of noise steer clear from 

384
00:21:44,500 --> 00:21:47,600
the scammers, like Hector who 
come into the Twitter spaces and

385
00:21:47,600 --> 00:21:51,300
try to fool you into shit coin. 
That's my sermon. 

386
00:21:51,900 --> 00:21:56,600
Yeah, man, great job, you know, 
the csw is a fraud just want to 

387
00:21:56,600 --> 00:21:59,700
give a shout-out to which we 
don't, we don't see a lot of 

388
00:21:59,700 --> 00:22:02,600
things. 
We don't agree with a lot of his

389
00:22:02,600 --> 00:22:06,100
methods, but shout out to Peter 
McCormack for putting up that 

390
00:22:06,100 --> 00:22:09,000
good fight, Hot or Not. 
Isn't that good fight, you know,

391
00:22:09,700 --> 00:22:14,400
in terms of their, their in 
litigation with csw very 

392
00:22:14,400 --> 00:22:19,100
expensive, litigation might add,
it looks like Peter McCormack is

393
00:22:19,100 --> 00:22:22,400
almost out of It I know it cost 
him a lot of money. 

394
00:22:22,400 --> 00:22:24,500
I know hot or not. 
It's going to cost them a lot of

395
00:22:24,500 --> 00:22:26,500
money. 
So I wish both of them the best 

396
00:22:26,500 --> 00:22:29,300
and at the end of this 
hopefully, you know, the world 

397
00:22:29,300 --> 00:22:30,900
could see that this guy's a 
fraud. 

398
00:22:30,900 --> 00:22:34,500
He's a dangerous fraud. 
He's hurting bitcoiners and you 

399
00:22:34,500 --> 00:22:36,600
know, eventually he's gonna get 
exposed. 

400
00:22:36,600 --> 00:22:39,600
The truth is going to come out, 
you know, unfortunately, he has 

401
00:22:39,600 --> 00:22:44,100
a large War chest because of 
Calvin Ivory or I don't know how

402
00:22:44,100 --> 00:22:48,200
to pronounce his last name. 
So yeah, this guy is a threat to

403
00:22:48,200 --> 00:22:49,600
bitcoin. 
He's an enemy of humanity. 

404
00:22:49,700 --> 00:22:52,000
Manatee because if your if your 
threats of Bitcoin, you're an 

405
00:22:52,000 --> 00:22:56,800
enemy of humanity, my eyes, so, 
you know, hopefully they could 

406
00:22:56,800 --> 00:22:59,300
win their their cases. 
So shout out, Peter McCormack, 

407
00:22:59,300 --> 00:23:02,700
and Shout out the space cat. 
Anyways, Gene. 

408
00:23:03,700 --> 00:23:07,500
And I say, right. 
Jen, Jen, Jen Jen. 

409
00:23:08,500 --> 00:23:12,100
What are your thoughts on this? 
Oh well, so my computer crashed 

410
00:23:12,100 --> 00:23:13,900
Montez. 
I lost a little bit of it, but 

411
00:23:13,900 --> 00:23:19,600
I'm back. 
And I mean bsv Craig. 

412
00:23:20,300 --> 00:23:25,000
It's a little bit of a joke, 
purposely ignoring the benefits 

413
00:23:25,000 --> 00:23:27,500
of player. 
Two applications is pretty 

414
00:23:27,500 --> 00:23:30,400
ridiculous. 
And I'm more likely to believe 

415
00:23:30,400 --> 00:23:33,300
that John Nash is Satoshi than 
Craig great. 

416
00:23:33,400 --> 00:23:35,600
To be honest. 
I most likely to believe that my

417
00:23:35,600 --> 00:23:38,400
dog is so Cho she and Greg, 
right? 

418
00:23:38,800 --> 00:23:43,100
Your dog probably is more 
Satoshi than a dog is Satoshi. 

419
00:23:43,500 --> 00:23:47,100
Anyways, fumble, any closing 
thoughts, my friend. 

420
00:23:47,500 --> 00:23:51,000
Yeah. 
I mean it kind of wait links the

421
00:23:51,000 --> 00:23:55,400
last segment in terms of like at
this point in 2022. 

422
00:23:56,700 --> 00:23:59,800
The education is out there like 
the knowledge is out there. 

423
00:23:59,800 --> 00:24:05,600
How can you still play this game
and plead ignorance to whether 

424
00:24:05,600 --> 00:24:08,100
Bitcoin as a purpose and 
therefore, you know, its energy 

425
00:24:08,100 --> 00:24:14,600
cost is beneficial or like, the,
the development of of lightning,

426
00:24:14,600 --> 00:24:16,100
which has been around for a long
time. 

427
00:24:17,200 --> 00:24:21,800
You know, I think they seem to 
be To destroy their credibility 

428
00:24:21,800 --> 00:24:26,900
long-term clinging to these 
failed projects that are 

429
00:24:27,500 --> 00:24:30,000
extremely centralized. 
I don't even know how many nodes

430
00:24:31,000 --> 00:24:35,300
bsv has for example, but I can 
imagine that probably in lying 

431
00:24:35,300 --> 00:24:37,200
one house, you know? 
Yeah. 

432
00:24:37,200 --> 00:24:40,300
Exactly, you know, and they you 
know, they taught at look the 

433
00:24:40,300 --> 00:24:43,800
hash rate does not lie. 
Okay, and and if you want to, 

434
00:24:43,900 --> 00:24:49,900
you know, look about how look 
the Bitcoin hash rate which I've

435
00:24:49,900 --> 00:24:53,200
talked about many times, right? 
It not only represents network 

436
00:24:53,200 --> 00:24:55,700
security, right? 
Because it would theoretically, 

437
00:24:56,300 --> 00:25:00,200
you would have to essentially 
match or overcome the amount of 

438
00:25:00,200 --> 00:25:02,200
hash rate and hash rate 
represents the amount of 

439
00:25:02,200 --> 00:25:04,600
computational power backing up 
Bitcoin. 

440
00:25:04,800 --> 00:25:07,300
The amount of a six currently 
backing Bitcoin, right? 

441
00:25:07,300 --> 00:25:10,000
There's no way to know the 
actual hash rate has to be an 

442
00:25:10,000 --> 00:25:16,200
estimation of course, but it 
also it also signifies the 

443
00:25:16,200 --> 00:25:20,700
amount of capital that's being 
invested into Mining Bitcoin, 

444
00:25:20,700 --> 00:25:23,000
right? 
If you look at PSV, your if you 

445
00:25:23,000 --> 00:25:25,800
look at Bitcoin cash that number
has been static. 

446
00:25:25,900 --> 00:25:29,000
That means that the real money 
people to have real money are 

447
00:25:29,000 --> 00:25:33,900
not looking into invest in 
infrastructure, that mind those 

448
00:25:33,900 --> 00:25:34,800
coins. 
Why? 

449
00:25:34,800 --> 00:25:36,900
Because they don't believe it 
has a future. 

450
00:25:37,100 --> 00:25:40,600
Look at how the publicly stated 
publicly traded Bitcoin. 

451
00:25:40,600 --> 00:25:43,900
Mining companies have done. 
Look at Riot, think it's up over

452
00:25:43,900 --> 00:25:47,900
1000% and the last few years 
some crazy percentage, right? 

453
00:25:47,900 --> 00:25:52,400
And that signifies to me. 
Me, is that big money real money

454
00:25:52,600 --> 00:25:56,800
have faith in the future of 
Bitcoin, unlike bsv. 

455
00:25:57,000 --> 00:25:59,700
Unlike Bitcoin cash. 
That being said, Phil it's time 

456
00:25:59,700 --> 00:26:03,900
for the daily meme, review 
brought to you, by Citadel 21. 

457
00:26:04,000 --> 00:26:06,800
They make the best Bitcoin 
culture Rosine. 

458
00:26:06,800 --> 00:26:12,300
It's pure pleb signal in here 
stories, Comics articles, by 

459
00:26:12,300 --> 00:26:15,200
actual bitcoiners. 
Every artwork is different, 

460
00:26:15,200 --> 00:26:18,500
every volume and they're scarce.
There's only 1000, physical 

461
00:26:18,500 --> 00:26:20,300
copies made. 
Volume. 

462
00:26:20,300 --> 00:26:24,900
So get your print prints of 
Citadel 21 today. 

463
00:26:25,100 --> 00:26:28,600
All right, everybody. 
Welcome to the Bitcoin meme 

464
00:26:28,600 --> 00:26:33,300
review where we review, Bitcoin 
memes, memes play an essential 

465
00:26:33,300 --> 00:26:37,000
role in this narrative, trench 
warfare, that we experience 

466
00:26:37,000 --> 00:26:41,200
every single day in the 
Battlegrounds of the internet. 

467
00:26:41,200 --> 00:26:44,700
If, if tweets are bullets memes 
are artillery. 

468
00:26:44,700 --> 00:26:48,700
Anyways, let's check out this 
first mean by MF underscore 

469
00:26:48,700 --> 00:26:51,700
hottel. 
Bear markets, great bitcoiners 

470
00:26:51,700 --> 00:26:54,500
bitcoiners, create bull markets 
bull, markets grid. 

471
00:26:54,500 --> 00:26:59,000
Shit Corner Shakur's, great, 
very markets, and the CycleOps 

472
00:26:59,000 --> 00:27:01,700
Ali repeats itself. 
I completely agree, bear 

473
00:27:01,700 --> 00:27:04,200
markets, beat your shit coins, 
get crushed. 

474
00:27:04,200 --> 00:27:08,100
And you realize there are there 
really is one true king with 

475
00:27:08,100 --> 00:27:10,100
that. 
It creates a bull market and the

476
00:27:10,100 --> 00:27:14,800
cycle repeats itself. 
Anyways, moving on, next mean by

477
00:27:14,800 --> 00:27:18,600
a huddle us Central Bank blowing
up the money supply be like 

478
00:27:19,100 --> 00:27:21,300
Central. 
Extruded did it inflation? 

479
00:27:21,400 --> 00:27:25,100
Ha ha ha very, very good meme. 
All right. 

480
00:27:25,100 --> 00:27:28,800
Move it on by my boss. 
We're getting here. 

481
00:27:28,900 --> 00:27:32,200
Look, Phil has absolutely been 
slaying it. 

482
00:27:32,300 --> 00:27:34,600
In my opinion. 
I called filled the Bic, the 

483
00:27:34,600 --> 00:27:37,500
shit coin, Slayer him and Cory 
clips and are going 

484
00:27:37,500 --> 00:27:40,200
head-to-head. 
They're going to have, you know,

485
00:27:40,200 --> 00:27:44,500
a jungle or Mumble and the 
jungle, whatever The Rumble in 

486
00:27:44,500 --> 00:27:47,700
the Jungle one day. 
And then, hopefully we can put 

487
00:27:47,700 --> 00:27:51,300
him in a cage match and we could
Decide who is the true? 

488
00:27:51,700 --> 00:27:54,900
Should coin Slayer, anyways? 
Copernicus, which is Phil's 

489
00:27:54,900 --> 00:27:59,000
alter ego and he is the Demon 
Slayer from that, from that 

490
00:27:59,000 --> 00:28:00,800
video game. 
I forgot what it's called. 

491
00:28:00,900 --> 00:28:02,100
Oh man. 
It's such a good video game. 

492
00:28:02,100 --> 00:28:04,700
Anyways, Avalanche, Cordon o, 
XR, P. 

493
00:28:04,900 --> 00:28:08,800
Anything on coinbase and Phil is
slaying them and the name of the

494
00:28:08,808 --> 00:28:10,300
game is Doom. 
I just remembered. 

495
00:28:10,300 --> 00:28:12,400
All right, moving on. 
This is Adam back. 

496
00:28:12,600 --> 00:28:15,600
He's back. 
And again, you know just 

497
00:28:15,600 --> 00:28:19,100
shitting on this, dude. 
This this was crazy. 

498
00:28:19,700 --> 00:28:23,500
Of italic was just, you know, 
Reminiscing on, you know, what 

499
00:28:23,500 --> 00:28:27,600
things he feels upset about and 
it just the central planning and

500
00:28:27,600 --> 00:28:30,400
the hubris. 
And those tweets are absolutely 

501
00:28:30,400 --> 00:28:31,900
crazy. 
I really recommend reading that 

502
00:28:31,900 --> 00:28:34,300
thread, we don't have enough 
time to get to it. 

503
00:28:34,300 --> 00:28:36,600
But I am going to read, what 
Adam back says. 

504
00:28:37,000 --> 00:28:41,400
He says, as a sample of one 
Bitcoin, ER, identify with the 

505
00:28:41,400 --> 00:28:45,200
plebs and this is why we love 
Adam and systematically reject, 

506
00:28:45,200 --> 00:28:49,000
the confused Central planning of
hubris field self-proclaimed 

507
00:28:49,000 --> 00:28:51,200
Elites. 
And I believe in bottom-up, 

508
00:28:51,200 --> 00:28:55,800
robust design basis, that work 
reject, the master architect 

509
00:28:55,800 --> 00:29:00,400
hypothesis, and and honestly, 
this hasn't worked and the last 

510
00:29:00,400 --> 00:29:05,000
hundred years, it always shows 
that the free market Millions 

511
00:29:05,000 --> 00:29:08,000
upon millions of people, making 
their own decisions on what's 

512
00:29:08,000 --> 00:29:10,500
best for them. 
Does much better than any 

513
00:29:10,500 --> 00:29:13,700
Central planning Elite like the 
world economic Forum. 

514
00:29:13,900 --> 00:29:17,400
Anyways, here is Adam back as a 
Terminator. 

515
00:29:17,400 --> 00:29:19,500
He's Bach know that I'm going to
read it in. 

516
00:29:19,700 --> 00:29:21,500
And I'm going to do the German 
accent. 

517
00:29:21,500 --> 00:29:23,300
He's Bock. 
I'm a debauch. 

518
00:29:23,300 --> 00:29:27,200
Okay. 
Anyways, next 1 by Rd underscore

519
00:29:27,200 --> 00:29:29,400
BTC and there's a lot of them. 
Okay. 

520
00:29:29,400 --> 00:29:31,600
I'm going to fight these no 
corners online. 

521
00:29:31,700 --> 00:29:35,800
Damn. 
They're regarded regarded. 

522
00:29:35,800 --> 00:29:37,000
There we go. 
Thank you. 

523
00:29:37,400 --> 00:29:38,400
Alright, next one. 
Bye. 

524
00:29:38,400 --> 00:29:40,600
Roth, mus. 
Dumb F juice. 

525
00:29:41,000 --> 00:29:43,700
People that think more 
regulations and taxes will fix 

526
00:29:43,700 --> 00:29:45,300
anything. 
It's so true, man. 

527
00:29:45,600 --> 00:29:49,500
Anyways, last one by brekkie. 
Shoutout. 

528
00:29:49,600 --> 00:29:52,100
Breaky from Swan Bitcoin, 
awesome company. 

529
00:29:52,100 --> 00:29:54,700
Anyways, it's check it out. 
When you take Financial advice 

530
00:29:54,700 --> 00:29:59,100
from rug pull, and real Vision. 
I gotta back it up. 

531
00:29:59,100 --> 00:30:11,400
Here we go. 
Anyways, awesome, awesome memes.

532
00:30:11,900 --> 00:30:16,300
Wow, Phil bring it in the heat 
pick some awesome memes. 

533
00:30:16,400 --> 00:30:19,000
Shout out to the plebs because 
these memes would not be 

534
00:30:19,000 --> 00:30:20,800
possible without you guys for 
that. 

535
00:30:21,000 --> 00:30:22,200
I'm going to give it the 
sticker. 

536
00:30:22,200 --> 00:30:26,700
That comes with the colds card. 
The no shit code inside. 

537
00:30:26,900 --> 00:30:30,900
And if and this is matching The 
Branding from the old Intel 

538
00:30:30,900 --> 00:30:33,200
things. 
It would say Intel Inside says, 

539
00:30:33,200 --> 00:30:34,800
no shit coin inside. 
I thought it was clever. 

540
00:30:34,800 --> 00:30:38,300
Anyways, Phil. 
What would you give those memes?

541
00:30:40,300 --> 00:30:42,200
I just I just remembered that 
there used to be a sticker. 

542
00:30:42,200 --> 00:30:44,800
That used to say, Intel Inside, 
idiot outside. 

543
00:30:44,900 --> 00:30:50,800
Anyways, I digress. 
And I am giving it my extra 3D 

544
00:30:50,800 --> 00:30:53,900
printed lightning. 
That's right. 

545
00:30:54,100 --> 00:30:57,000
Shut up to crypto, cloaks. 
He made these for me, and that's

546
00:30:57,000 --> 00:30:59,600
right. 
That's what it deserves that 

547
00:30:59,600 --> 00:31:03,200
these deserve it. 
Very, very good score. 

548
00:31:03,200 --> 00:31:09,400
Anyways. 
Jean Jin Jin. 

549
00:31:09,600 --> 00:31:15,500
Ah, ha ha, why Jin? 
Okay, like like like, like the 

550
00:31:15,500 --> 00:31:17,300
alcohol gin. 
Okay. 

551
00:31:17,300 --> 00:31:19,200
Now, I know Jin. 
Like Jen. 

552
00:31:19,300 --> 00:31:22,200
Like I'm in and I'm so sorry. 
I have like, I'm like, say it 

553
00:31:22,200 --> 00:31:23,100
right? 
Say it, right? 

554
00:31:23,100 --> 00:31:26,200
Sarah. 
All right. 

555
00:31:26,400 --> 00:31:27,400
Gin. 
There we go. 

556
00:31:27,400 --> 00:31:28,600
I'm gonna get it right this 
time. 

557
00:31:28,600 --> 00:31:31,000
Jin. 
What would you give those memes?

558
00:31:34,100 --> 00:31:35,700
Give it one of my pencil 
shavings? 

559
00:31:36,300 --> 00:31:38,900
Devices here. 
That looks like a box cutter. 

560
00:31:39,800 --> 00:31:43,600
It, it could be. 
I use it to sharpen pencils, 

561
00:31:44,200 --> 00:31:49,300
looks very dangerous. 
Yeah, that's resourceful and a 

562
00:31:49,300 --> 00:31:53,000
box cutter score. 
We've done those pencils are 

563
00:31:53,000 --> 00:31:54,600
really sharp. 
And that's for sure. 

564
00:31:54,900 --> 00:31:56,900
Anyways, fumble. 
What would you give? 

565
00:31:56,900 --> 00:32:02,300
Those awesome means I've got 
I've got this onion that's like 

566
00:32:02,300 --> 00:32:05,700
sprouting right now. 
So I'll give that a spray. 

567
00:32:05,800 --> 00:32:08,700
Routing onion, awesome. 
Very good scores for some 

568
00:32:08,700 --> 00:32:09,800
awesome memes. 
Guys. 

569
00:32:09,800 --> 00:32:11,900
We want to know, if you agree 
with our scores. 

570
00:32:11,900 --> 00:32:14,000
Do you like the means? 
Let us know, which one's your 

571
00:32:14,000 --> 00:32:16,700
favorite comment? 
Comment, comment down below. 

572
00:32:16,700 --> 00:32:19,200
It helps with the mysterious 
YouTube algorithm. 

573
00:32:19,200 --> 00:32:21,600
Of course, make sure to 
subscribe to us on alternative 

574
00:32:21,600 --> 00:32:24,900
video platforms like, Rumble.com
and our personal favorite 

575
00:32:24,900 --> 00:32:26,900
Bitcoin tv.com. 
They don't censor their because 

576
00:32:26,900 --> 00:32:29,300
it's Bitcoin TV and join our 
telegram group. 

577
00:32:29,300 --> 00:32:32,500
It's a party of their you can 
link us some Bitcoin memes to 

578
00:32:32,500 --> 00:32:35,400
review so we can review them on 
the meme review, but anyways, 

579
00:32:35,400 --> 00:32:38,700
fill it. 
Time for the Daily News brought 

580
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to you by crypto cloaks.com. 
They make some of the best 3D 

581
00:32:42,200 --> 00:32:45,500
printed Bitcoin merch. 
Like the famous 3D printed 

582
00:32:45,600 --> 00:32:47,900
Bitcoin grenade. 
Toy comes in. 

583
00:32:47,900 --> 00:32:50,600
Any custom color? 
You'd like you want it in blue. 

584
00:32:50,600 --> 00:32:53,100
You can get it in blue, but you 
want you wanted a gold. 

585
00:32:53,100 --> 00:32:56,100
It also comes in Gold, you know 
that pisses Peter Schiff off 

586
00:32:56,100 --> 00:32:58,400
because that's the Bitcoin logo 
on it. 

587
00:32:58,400 --> 00:33:02,400
They also make really cool 3D 
printed Bitcoin stuff like the 

588
00:33:02,400 --> 00:33:05,600
3D printed Bitcoin, honey, 
badger, and you can't. 

589
00:33:05,800 --> 00:33:08,600
Take advantage of the promo code
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590
00:33:08,600 --> 00:33:12,800
Anything off the crypto, 
cloaks.com online store. 

591
00:33:12,900 --> 00:33:16,400
Alright guys, welcome to the 
second part of the progressive 

592
00:33:16,400 --> 00:33:19,500
case for Bitcoin. 
We believe it's simply Bitcoin 

593
00:33:19,500 --> 00:33:23,900
that Bitcoin is all-inclusive. 
It's a political by Nature, 

594
00:33:23,900 --> 00:33:25,800
right? 
So we like to get everyone's 

595
00:33:25,800 --> 00:33:29,600
opinions from all sides. 
Remember Bitcoin means different

596
00:33:29,600 --> 00:33:32,900
things to different people and I
think that these types of 

597
00:33:32,900 --> 00:33:35,700
episodes are very important 
because of that. 

598
00:33:35,900 --> 00:33:38,900
So I'm going to first, start it 
out with this preface or I'm 

599
00:33:38,908 --> 00:33:43,100
going to read a little bit of of
jinns. 

600
00:33:43,100 --> 00:33:45,600
There we go. 
I remember the alcohol, I said, 

601
00:33:45,600 --> 00:33:48,000
the name correctly Jin's 
article. 

602
00:33:48,000 --> 00:33:50,100
She wrote this for Bitcoin 
magazine. 

603
00:33:50,100 --> 00:33:53,600
The name of the article is 
progressives and Bitcoin are not

604
00:33:53,600 --> 00:33:55,500
opposed. 
We believe in that. 

605
00:33:55,500 --> 00:33:58,200
Anyways, the article says, the 
reality is not that Bitcoin 

606
00:33:58,200 --> 00:34:01,500
needs to be rear-ended to remand
it to fit a progressive 

607
00:34:01,500 --> 00:34:04,200
narrative. 
It is that bitcoiners and non 

608
00:34:04,200 --> 00:34:07,000
bitcoiners alike. 
Need to Realize that while the 

609
00:34:07,000 --> 00:34:10,100
Network's Genesis block was a 
political attack on the central 

610
00:34:10,100 --> 00:34:13,800
banking system that this 
sentiment is not exclusive to 

611
00:34:13,800 --> 00:34:17,699
American libertarianism. 
This is why progressives are in 

612
00:34:17,699 --> 00:34:20,500
the Bitcoin space because we 
know that Bitcoin is for 

613
00:34:20,500 --> 00:34:23,699
everyone and we're going to make
sure that everyone not just 

614
00:34:23,699 --> 00:34:27,500
Libertarians know that there's a
way to exit the system and that 

615
00:34:27,500 --> 00:34:29,900
Bitcoin could help us find that 
way. 

616
00:34:29,900 --> 00:34:34,800
I fundamentally agree. 
However, the troubling pattern 

617
00:34:34,800 --> 00:34:38,100
that I live at that. 
Picked up over the last couple 

618
00:34:38,100 --> 00:34:40,199
months and I would love to get 
your perspective. 

619
00:34:40,199 --> 00:34:43,900
Gin and fumble, right? 
Is that when you look at the 

620
00:34:43,900 --> 00:34:49,400
political support from the Fiat 
parties, what we've started to 

621
00:34:49,400 --> 00:34:53,600
notice is that there's clearly 
there's a clear partisan divide.

622
00:34:53,800 --> 00:34:57,400
It looks like the left wing not 
only in Europe. 

623
00:34:57,600 --> 00:35:01,500
Also in the United States. 
Also in China, right, is 

624
00:35:01,500 --> 00:35:04,000
vehemently against Bitcoin, 
right? 

625
00:35:04,000 --> 00:35:06,800
But we agree in the, you know, 
in the Progressive sense. 

626
00:35:06,800 --> 00:35:10,200
That Bitcoin helps the under 
privileged Bitcoin helps the, 

627
00:35:10,300 --> 00:35:13,300
the underbanked, right? 
So let me go a little bit 

628
00:35:13,300 --> 00:35:15,400
through this, right? 
These are again, it's not black 

629
00:35:15,400 --> 00:35:18,400
and white, right but it there's 
a clear Trend, right? 

630
00:35:18,600 --> 00:35:22,200
The Elizabeth Warren Sherrod. 
Brown Sheldon, Whitehouse Bill 

631
00:35:22,200 --> 00:35:24,600
Cassidy. 
He's a republican Jeff Merkley. 

632
00:35:25,000 --> 00:35:28,000
All Democrats, except for one 
Republican on the pro. 

633
00:35:28,000 --> 00:35:29,900
Crypto Bitcoin shit coin 
Senators. 

634
00:35:29,900 --> 00:35:32,100
It's all Republican. 
We know Cynthia lummis. 

635
00:35:32,100 --> 00:35:34,300
We know Ted Cruz. 
We know Pat Toomey. 

636
00:35:34,300 --> 00:35:36,200
So it's a troubling development.
Element. 

637
00:35:36,200 --> 00:35:39,700
But it's also not in the u.s. 
It's not also in the federal 

638
00:35:39,700 --> 00:35:41,900
government. 
The US, this is also in a state 

639
00:35:41,900 --> 00:35:44,200
level. 
And again, it's pushed by the 

640
00:35:44,200 --> 00:35:46,200
left wing. 
New York is the latest state to 

641
00:35:46,200 --> 00:35:48,900
consider Banning proof-of-work. 
Mining members of the New York 

642
00:35:48,900 --> 00:35:51,900
State Assembly environmental 
concern conservation committee 

643
00:35:51,900 --> 00:35:55,100
voted in favor of assembly bill,
that establishes a member 

644
00:35:55,100 --> 00:35:57,300
turnerkn. 
Remember remember Terry? 

645
00:35:57,300 --> 00:35:58,100
Mm. 
Sorry, Phil. 

646
00:35:58,100 --> 00:36:00,700
Sorry, guys, you guys know, Nico
can't read, but you could read 

647
00:36:00,700 --> 00:36:03,800
on the screen on cryptocurrency 
mining operations that use 

648
00:36:03,800 --> 00:36:07,100
proof-of-work. 
Asian methods to validate 

649
00:36:07,100 --> 00:36:09,800
blockchain transactions. 
Now, I used to have the 

650
00:36:09,800 --> 00:36:14,100
perspective that Jin has, right?
Maybe they're just not educated 

651
00:36:14,100 --> 00:36:17,100
on the matter. 
However, after covering this, 

652
00:36:17,100 --> 00:36:20,200
for a couple of months and 
seeing the same thing happen 

653
00:36:20,200 --> 00:36:24,500
over and over again, we found a 
nail in the coffin, as we found 

654
00:36:24,500 --> 00:36:27,600
the Smoking Gun as why we 
believe that's not the case. 

655
00:36:27,800 --> 00:36:30,400
Anyways, moving on. 
It's not only in the United 

656
00:36:30,400 --> 00:36:33,500
States. 
This also happened in Europe, 

657
00:36:33,500 --> 00:36:34,800
right? 
A last-minute attempt by 

658
00:36:34,800 --> 00:36:37,400
European law. 
Is to potentially enact a 

659
00:36:37,400 --> 00:36:41,100
backdoor soft man on bitcoin 
filled on Monday and a closely 

660
00:36:41,100 --> 00:36:44,500
watched vote by followed by 
crypto enthusiasts, and guess 

661
00:36:44,500 --> 00:36:47,100
who this was pushed by 
conservative and free-market. 

662
00:36:47,100 --> 00:36:50,700
Liberals United to vote down the
amendment 32:20, through and 

663
00:36:50,700 --> 00:36:56,400
favor, with 6ab stations, 
stymieing the efforts by the 

664
00:36:56,400 --> 00:37:00,700
social Democrats and the greens.
Again, it's a left-wing party 

665
00:37:00,900 --> 00:37:03,000
pushing and going against 
Bitcoin. 

666
00:37:03,100 --> 00:37:07,900
Now the argument of course could
have been I made hey, perhaps, 

667
00:37:08,200 --> 00:37:11,000
you know, these parties weren't 
educated on the matter. 

668
00:37:11,000 --> 00:37:14,200
Perhaps they really care about 
the environment but then we ran 

669
00:37:14,200 --> 00:37:19,500
into this article and it really,
I don't know what other 

670
00:37:19,500 --> 00:37:23,500
conclusion you can come to other
than these people are more 

671
00:37:23,500 --> 00:37:26,600
concerned about control. 
Let me make my case, right? 

672
00:37:26,600 --> 00:37:29,300
Name of the article is Bitcoin. 
Mining in Norway, gets the green

673
00:37:29,300 --> 00:37:32,300
light as the proposed man 
rejected, right? 

674
00:37:33,200 --> 00:37:35,600
The proposed, the the proposal 
to ban. 

675
00:37:35,700 --> 00:37:38,500
Bitcoin mining in Norway, was 
first suggested in March. 

676
00:37:38,500 --> 00:37:41,800
This year, by the red Norway's 
Communist party. 

677
00:37:42,000 --> 00:37:44,900
In this week's vote. 
The Proposal was overturned, as 

678
00:37:44,900 --> 00:37:48,600
only Norway's left-leaning 
parties, including the Socialist

679
00:37:48,600 --> 00:37:52,400
left party, the red party, and 
the green party would support a 

680
00:37:52,400 --> 00:37:56,400
ban on cryptocurrency mining. 
So left-wing parties in Norway, 

681
00:37:56,400 --> 00:37:59,300
left-wing parties in Europe, 
left-wing parties in the United 

682
00:37:59,300 --> 00:38:00,400
States. 
Left-wing. 

683
00:38:00,400 --> 00:38:02,400
Obviously China only has one 
party. 

684
00:38:03,400 --> 00:38:08,900
Now, here's the Smoking Gun. 
Quinn, Telegraph, previously 

685
00:38:08,900 --> 00:38:12,700
reported that Norway is a green 
Oasis for Bitcoin mining 

686
00:38:12,800 --> 00:38:16,300
boasting, abundant hydropower 
and low energy prices 

687
00:38:16,300 --> 00:38:22,200
particularly in the North. 
A hundred percent or almost 98 

688
00:38:22,200 --> 00:38:27,900
percent of the electricity 
generated in Norway is generated

689
00:38:28,000 --> 00:38:34,200
by renewable energies. 100 
percent of the energy used by 

690
00:38:34,200 --> 00:38:38,900
Bitcoin mining in Norway is by 
renewable energies. 

691
00:38:42,300 --> 00:38:47,000
So if it's not hurting the 
environment, why are they still 

692
00:38:47,000 --> 00:38:52,700
against it in the first place? 
So, it's only let us to believe.

693
00:38:52,700 --> 00:38:56,000
And again, I'm biased because I 
come from Venezuela, right? 

694
00:38:56,000 --> 00:38:59,100
I come from a neck, socialist 
company country and I happen to 

695
00:38:59,400 --> 00:39:02,600
have the privilege to be able to
migrate to the United States. 

696
00:39:02,600 --> 00:39:04,900
Right? 
I believe, it's because it's 

697
00:39:04,900 --> 00:39:09,100
something they cannot control. 
So really sucks. 

698
00:39:09,100 --> 00:39:12,100
I know that, of course, this 
doesn't represent all 

699
00:39:12,100 --> 00:39:14,400
left-wingers. 
It doesn't progress represent 

700
00:39:14,400 --> 00:39:18,300
all progressives, right? 
But you cannot deny that the 

701
00:39:18,300 --> 00:39:22,100
establishment. 
Circle left wing parties, have 

702
00:39:22,100 --> 00:39:26,900
it out for Bitcoin and that 
article from Norway pointing out

703
00:39:26,900 --> 00:39:31,800
that 100% of Bitcoin. 
Mining is powered by Renewables,

704
00:39:32,200 --> 00:39:35,400
makes you ask why are they still
against it? 

705
00:39:35,400 --> 00:39:37,900
If it's not bad for the 
environment. 

706
00:39:37,900 --> 00:39:39,900
What's going on here? 
Jen? 

707
00:39:39,900 --> 00:39:43,700
What are your thoughts on this? 
Okay, so it has to be clear 

708
00:39:43,700 --> 00:39:45,900
about a few things here. 
First of all, the Democratic 

709
00:39:45,900 --> 00:39:49,600
party is not a left-wing party. 
The Democratic party is really a

710
00:39:49,700 --> 00:39:53,400
Center corporate party. 
That is governed by a lot of 

711
00:39:53,400 --> 00:39:57,500
corporate money and much of the 
democratic party in the United 

712
00:39:57,500 --> 00:40:01,300
States is really about 
presenting an identity politics 

713
00:40:01,300 --> 00:40:04,000
framework and not really a class
framework. 

714
00:40:04,400 --> 00:40:08,300
So for them, there are reasons 
to be opposed to bitcoin. 

715
00:40:08,300 --> 00:40:11,700
I think are different from what 
you will see in the European 

716
00:40:11,700 --> 00:40:15,000
Parliament and I'll touch on 
that in just a moment. 

717
00:40:15,300 --> 00:40:21,100
But in the United States, right,
I think that A lot of the 

718
00:40:21,300 --> 00:40:25,800
concern over Bitcoin is around, 
energy usage and environmental 

719
00:40:25,800 --> 00:40:27,700
impact. 
And as we've discussed at the 

720
00:40:27,708 --> 00:40:31,200
beginning of this show. 
There's this is a major attack 

721
00:40:31,200 --> 00:40:35,600
Vector against Bitcoin. 
So in a way, these people are 

722
00:40:35,600 --> 00:40:39,900
also being played because 
they're only reading what they 

723
00:40:40,100 --> 00:40:43,800
what they see in the news in New
York Times or whatever. 

724
00:40:44,200 --> 00:40:48,100
And so for them, this is like I 
care about the climate and 

725
00:40:48,100 --> 00:40:50,300
you're telling me that this is 
going to be Not the fun at this 

726
00:40:50,300 --> 00:40:52,700
is awful. 
It has to be stopped the other 

727
00:40:52,700 --> 00:40:56,500
thing. 
Now for people who identify as 

728
00:40:56,500 --> 00:40:59,600
some form of socialist, or 
somebody who cares about social 

729
00:40:59,600 --> 00:41:04,800
welfare or who is skeptical 
about markets is going to see 

730
00:41:04,800 --> 00:41:08,900
only the front face of Bitcoin, 
which is the training that 

731
00:41:08,900 --> 00:41:10,600
happens on the central 
exchanges. 

732
00:41:10,800 --> 00:41:14,900
So for them and all the shit 
coins that are surrounded that 

733
00:41:14,900 --> 00:41:19,000
Bitcoin is surrounded by and so 
for them what they're seeing is 

734
00:41:19,000 --> 00:41:25,400
is Nation, and for anyone who 
identifies, as anti-capitalist 

735
00:41:25,400 --> 00:41:29,500
it to any degree is going to be 
opposed to speculation because 

736
00:41:30,000 --> 00:41:32,700
for them and I think that we can
generally agree. 

737
00:41:32,700 --> 00:41:36,300
The speculation is is very 
destabilizing even in a free 

738
00:41:36,300 --> 00:41:41,000
market, even if you're are for a
free market, so if they're only 

739
00:41:41,000 --> 00:41:44,600
interaction with Bitcoin, is to 
see speculation, they're going 

740
00:41:44,600 --> 00:41:47,900
to be opposed to it and they're 
not going to find any value to 

741
00:41:47,900 --> 00:41:51,100
bitcoin. 
So I think That's why looking at

742
00:41:51,100 --> 00:41:53,800
Norway and looking at in the 
European Parliament and seeing 

743
00:41:53,800 --> 00:41:55,500
the parties that are opposed to 
bitcoin. 

744
00:41:56,300 --> 00:42:01,500
Even if the energy sources are 
100% renewable. 

745
00:42:01,600 --> 00:42:05,100
They will oppose it because they
see it as a tool of the 

746
00:42:05,100 --> 00:42:08,700
capitalists and they see it as a
tool of speculation which is 

747
00:42:08,700 --> 00:42:11,300
only destabilizing economic 
systems. 

748
00:42:11,500 --> 00:42:13,800
And that is why they will oppose
it. 

749
00:42:13,900 --> 00:42:17,600
And this is why it's really an 
education thing and it's really 

750
00:42:17,600 --> 00:42:19,500
that for people who come from 
these back. 

751
00:42:19,700 --> 00:42:22,300
Rounds. 
You have to actually say, no. 

752
00:42:22,400 --> 00:42:24,500
It's not really about 
speculation. 

753
00:42:24,500 --> 00:42:27,900
There's something else going on 
with Bitcoin and then you really

754
00:42:27,900 --> 00:42:30,200
have to drive home. 
The Narrative that Alex 

755
00:42:30,200 --> 00:42:33,400
gladstein is pushed through, 
check your financial privilege. 

756
00:42:33,500 --> 00:42:37,800
And that I think cuts across 
towards people who are on the 

757
00:42:37,808 --> 00:42:43,800
left because it get it points 
out that actually, Bitcoin can 

758
00:42:43,800 --> 00:42:47,600
help people, especially in 
situations where you're living 

759
00:42:47,600 --> 00:42:51,400
under a repressive government 
that Is stealing from the wealth

760
00:42:51,400 --> 00:42:54,600
of the people. 
And so that is the narrative 

761
00:42:54,600 --> 00:42:58,100
that I think is missing in a lot
of the discussion, especially in

762
00:42:58,100 --> 00:43:01,400
the news. 
So if you only see the only two 

763
00:43:01,400 --> 00:43:05,000
things you see, when you read 
the news about Bitcoin is that 

764
00:43:05,000 --> 00:43:08,500
the bubble is bursting. 
Its tulip Mania and its melting 

765
00:43:08,500 --> 00:43:10,800
the planet. 
You have no incentive for the 

766
00:43:10,800 --> 00:43:14,000
last four people on the right or
Republicans in the United 

767
00:43:14,000 --> 00:43:16,400
States. 
The immediate thought is like, 

768
00:43:16,400 --> 00:43:20,600
oh, this is great because it's 
taking the power away from The 

769
00:43:20,700 --> 00:43:24,400
central banks and I'm all for 
deregulating. 

770
00:43:24,400 --> 00:43:25,900
Let's deregulate those 
deregulate. 

771
00:43:25,900 --> 00:43:29,900
I mean part of that fits into 
the neoliberal narrative and so 

772
00:43:29,900 --> 00:43:33,200
for them like this is great. 
It makes it a little bit easier 

773
00:43:33,200 --> 00:43:35,900
for them to see the appeal of 
Bitcoin. 

774
00:43:36,000 --> 00:43:38,800
Although I don't I also don't 
believe that they necessarily 

775
00:43:38,800 --> 00:43:42,300
fully grasp the benefits of 
Bitcoin, but it's it easy a 

776
00:43:42,300 --> 00:43:45,100
little bit of an easier path for
them to get into Bitcoin. 

777
00:43:45,500 --> 00:43:51,100
Now, there are some Democrats 
who do like So in general, like 

778
00:43:51,100 --> 00:43:55,900
Cory Booker, for example and row
Kana, he's in the House of 

779
00:43:55,900 --> 00:43:58,600
Representatives Cory Booker's in
the Senate. 

780
00:43:58,600 --> 00:44:03,200
So and there are there is like a
congressional cryptocurrency 

781
00:44:03,200 --> 00:44:06,300
caucus that at least, I think 
half of the members are from the

782
00:44:06,300 --> 00:44:09,300
Democratic party. 
So it's not exactly true that 

783
00:44:09,300 --> 00:44:13,000
there is a full divided across 
party lines in this case. 

784
00:44:13,000 --> 00:44:15,100
So I don't think it's 
necessarily that nefarious. 

785
00:44:15,100 --> 00:44:18,500
I think it's just that the 
narrative that needs to reach 

786
00:44:18,500 --> 00:44:21,800
this particular group. 
Is not as mainstream as it 

787
00:44:21,800 --> 00:44:24,600
should be. 
In terms of the content that is 

788
00:44:24,600 --> 00:44:28,400
produced around Bitcoin, 
beautiful answer and I really 

789
00:44:28,400 --> 00:44:31,300
appreciate your perspective. 
It's awesome to hear this 

790
00:44:31,300 --> 00:44:37,000
perspective and yet no I perhaps
I should have emphasized it in a

791
00:44:37,000 --> 00:44:39,300
little bit more. 
I did say it's not black and 

792
00:44:39,300 --> 00:44:42,300
white right? 
There are Republican Senators 

793
00:44:42,300 --> 00:44:45,100
that are posed to crypto and 
Bitcoin. 

794
00:44:45,300 --> 00:44:48,300
And there are Democratic 
senators and Congress woman in 

795
00:44:48,300 --> 00:44:50,600
Congress, men that Do support 
it. 

796
00:44:50,600 --> 00:44:55,300
But they're the trend is though 
is that the majority of senators

797
00:44:55,300 --> 00:44:58,200
and congressmen and women that 
are against, it happens to be on

798
00:44:58,200 --> 00:45:01,100
the left hand side and the ones 
that are for it happened to be 

799
00:45:01,100 --> 00:45:05,100
on the right hand side. 
Anyways before I get fumble and 

800
00:45:05,100 --> 00:45:09,500
and more of your thoughts, Jen. 
I wanted to get to a little bit 

801
00:45:09,500 --> 00:45:12,800
more parts of this awesome 
article that you wrote. 

802
00:45:12,800 --> 00:45:13,900
Again. 
The name of the article is 

803
00:45:13,900 --> 00:45:17,700
progressives and Bitcoin are not
opposed and I also agree with 

804
00:45:17,700 --> 00:45:18,800
that. 
Anyways. 

805
00:45:19,800 --> 00:45:23,000
Have some highlighted Parts, 
Progressive is really an 

806
00:45:23,000 --> 00:45:24,500
umbrella term that lumps 
together. 

807
00:45:24,500 --> 00:45:28,000
Meant many left-leaning 
political ideologies, under a 

808
00:45:28,000 --> 00:45:31,800
set of Demands that we deemed to
be inalienable rights of any 

809
00:45:31,800 --> 00:45:33,900
human. 
These are Education, Health 

810
00:45:33,900 --> 00:45:35,900
Care, and living, wage and 
housing. 

811
00:45:36,300 --> 00:45:39,600
Okay, Jin, how do you propose to
do that without wealth 

812
00:45:39,600 --> 00:45:45,400
redistribution? 
How do I propose to that without

813
00:45:45,400 --> 00:45:46,200
bail? 
Freedom. 

814
00:45:46,700 --> 00:45:52,700
So if progressives right deemed 
to have inalienable rights of 

815
00:45:52,700 --> 00:45:56,500
any human, and those inalienable
rights are education Healthcare,

816
00:45:56,700 --> 00:46:00,900
a living wage and housing, how 
specifically education and 

817
00:46:00,900 --> 00:46:03,300
health care. 
How do you propose to implement 

818
00:46:03,300 --> 00:46:07,300
that without some sort of some 
form of wealth redistribution? 

819
00:46:07,300 --> 00:46:11,100
For example, in Europe, the way 
that they are able to fund? 

820
00:46:11,100 --> 00:46:13,700
For example, a lot of Europeans 
have large. 

821
00:46:13,900 --> 00:46:18,100
Social welfare programs, right? 
Like, you know, free healthcare,

822
00:46:18,100 --> 00:46:21,800
but it's actually funded through
taxes or, you know, free 

823
00:46:21,800 --> 00:46:23,900
education. 
Also funded through taxes 

824
00:46:24,500 --> 00:46:27,800
Bitcoin, makes wealth 
redistribution, very, very 

825
00:46:27,800 --> 00:46:30,100
difficult. 
So perhaps, you can convince 

826
00:46:30,100 --> 00:46:33,900
half of society to go along with
and, you know, go a long with 

827
00:46:33,900 --> 00:46:37,200
the taxes to fund those 
programs, but there's going to 

828
00:46:37,200 --> 00:46:41,300
be a big portion of society with
the benefits of Bitcoin that 

829
00:46:41,300 --> 00:46:43,000
are, just not going to go along 
with it. 

830
00:46:43,000 --> 00:46:47,600
So, How how does that work? 
So I would first argue that we 

831
00:46:47,600 --> 00:46:50,700
already have wealth 
redistribution in this society 

832
00:46:51,000 --> 00:46:53,400
and we can look at it in a 
couple of ways one. 

833
00:46:53,400 --> 00:46:55,800
We can look at it, from the 
perspective of rent-seeking. 

834
00:46:56,000 --> 00:46:58,800
We can look at it from the 
perspective of that and we can 

835
00:46:58,800 --> 00:47:01,600
look at it from what the Federal
Reserve has done with 

836
00:47:01,600 --> 00:47:05,300
quantitative easing by inflating
assets, which the majority of 

837
00:47:05,308 --> 00:47:07,200
Americans don't hold. 
Right. 

838
00:47:07,200 --> 00:47:11,300
So if your most of your labor 
and the payment that you receive

839
00:47:11,300 --> 00:47:14,700
from your work comes from 
actually engaging in - efforts 

840
00:47:14,700 --> 00:47:20,800
in society, like by creating 
things or working, you know, in 

841
00:47:20,800 --> 00:47:25,700
services or exchanging goods 
like that, that doesn't accrue 

842
00:47:25,700 --> 00:47:28,500
interest. 
But if you're somebody who makes

843
00:47:28,500 --> 00:47:33,800
money just by holding someone 
else's debt, or being a landlord

844
00:47:33,800 --> 00:47:37,900
or whatever. 
Then that's, you know, that's 

845
00:47:37,900 --> 00:47:42,800
that's a form of distribution of
wealth in a way that is actually

846
00:47:43,800 --> 00:47:46,800
Lysing to society. 
And we see that in particular 

847
00:47:46,800 --> 00:47:48,900
through financialization, which 
is happened. 

848
00:47:48,900 --> 00:47:51,900
Actually, since we came off the 
Bretton Woods, right? 

849
00:47:51,900 --> 00:47:55,100
We have seen an increase in 
financialization, where Finance 

850
00:47:55,400 --> 00:48:00,700
has become a greater part of our
national income or a GDP. 

851
00:48:01,200 --> 00:48:05,600
And that can only happen through
increasing interest, right? 

852
00:48:05,600 --> 00:48:09,100
And then inflation ends up 
coming into this, right? 

853
00:48:09,100 --> 00:48:11,900
As a sort of a silent tax. 
And if you look at it, I was 

854
00:48:11,900 --> 00:48:13,600
just looking at this actually 
today. 

855
00:48:13,900 --> 00:48:18,400
A totally unrelated to the 
conversation but the the bottom 

856
00:48:18,400 --> 00:48:22,600
income earners in the United 
States in 2021 had felt the 

857
00:48:22,600 --> 00:48:25,900
worst effects of inflation 
because their wages did not 

858
00:48:25,900 --> 00:48:28,900
increase fast enough, even 
though they did increase, they 

859
00:48:28,900 --> 00:48:33,400
started from a farther. 
They started below way below in 

860
00:48:33,400 --> 00:48:36,200
terms of their wages. 
So that increase really wasn't 

861
00:48:36,200 --> 00:48:39,700
even enough to sustain in 
comparison to inflation. 

862
00:48:39,800 --> 00:48:43,100
Whereas, if you made a hundred 
thousand dollars a year, or more

863
00:48:43,100 --> 00:48:47,400
you're doing, Okay, because 
inflation is in energy, is a 

864
00:48:47,408 --> 00:48:49,400
smaller portion of your total 
income. 

865
00:48:49,400 --> 00:48:53,800
Right? 
So, this is all a redistribution

866
00:48:53,800 --> 00:48:59,200
of wealth as it is. 
So we have an unfair system that

867
00:48:59,200 --> 00:49:02,300
has very bad incentives. 
And we talked about this in 

868
00:49:02,300 --> 00:49:06,200
Bitcoin a lot, like bad Fiat 
incentives and, and they harm 

869
00:49:06,200 --> 00:49:09,100
people. 
So, in a way switching to a 

870
00:49:09,100 --> 00:49:11,800
different monetary system is 
actually a redistribution of 

871
00:49:11,800 --> 00:49:16,600
wealth in a Right Way, in a way 
that is not as coercive. 

872
00:49:17,000 --> 00:49:21,000
So I think that it can happen 
but you have to change the way 

873
00:49:21,000 --> 00:49:24,000
the monetary system works and it
doesn't necessarily have to be 

874
00:49:24,000 --> 00:49:26,500
through taxes. 
And then the other thing is that

875
00:49:26,500 --> 00:49:31,000
you also don't necessarily need 
a central government to provide 

876
00:49:31,000 --> 00:49:33,900
these things for you. 
Okay, you can do that within 

877
00:49:33,900 --> 00:49:37,100
your own Community, through, 
mutual Association, or through 

878
00:49:37,100 --> 00:49:39,800
mutual Aid. 
And I think that people have 

879
00:49:39,800 --> 00:49:43,600
forgotten this little bit that 
you don't have to expect. 

880
00:49:43,700 --> 00:49:46,700
Fact, the government to do all 
these things, but at the same 

881
00:49:46,700 --> 00:49:51,300
time, the government has to 
allow you to have the power to 

882
00:49:51,300 --> 00:49:53,600
make these choices within your 
own community. 

883
00:49:53,900 --> 00:49:56,700
And so what I would argue is 
like you could have many 

884
00:49:56,700 --> 00:50:01,000
societies, let them do what they
what they deem is best for them.

885
00:50:01,000 --> 00:50:04,700
Let's decentralize that power 
and the ones that I think 

886
00:50:04,700 --> 00:50:08,200
provide the best in terms of 
well-being are the ones that 

887
00:50:08,200 --> 00:50:11,000
most people are going to want to
participate in and Bitcoin. 

888
00:50:11,000 --> 00:50:13,600
I think is just one way to get 
us out of this. 

889
00:50:13,800 --> 00:50:17,600
Horrible system and into another
one because it deflationary 

890
00:50:17,600 --> 00:50:20,300
currency is an opposition to 
that, right? 

891
00:50:20,300 --> 00:50:22,400
Yeah, no. 
Reasonable person will want to 

892
00:50:22,400 --> 00:50:27,200
engage in alone with 10% 
interest knowing that you can 

893
00:50:27,200 --> 00:50:29,700
easily calculate what, you know,
what? 

894
00:50:29,700 --> 00:50:32,600
Your purchase power will be with
that money later on, right? 

895
00:50:32,600 --> 00:50:34,200
It would be very hard to pay 
that back. 

896
00:50:34,200 --> 00:50:38,900
So I think that we have to kind 
of re frame The Narrative around

897
00:50:38,900 --> 00:50:41,900
this, in terms of what is well, 
what is the distribution of 

898
00:50:41,900 --> 00:50:45,500
wealth and and how the existing?
System actually distributes well

899
00:50:45,600 --> 00:50:48,400
in an in a very unfair way. 
Absolutely. 

900
00:50:48,400 --> 00:50:52,100
And wow, we have, we and this is
what I've always said. 

901
00:50:52,100 --> 00:50:54,900
And Phil, we've always said this
right is that we have a lot in 

902
00:50:54,900 --> 00:50:58,600
common and at the end of the 
day, I think a lot of the 

903
00:50:58,600 --> 00:51:02,800
conflict comes from the fact 
that this money is stealing from

904
00:51:02,800 --> 00:51:06,300
you, inflation is stealing from 
you and you're absolutely right.

905
00:51:06,300 --> 00:51:10,000
It inflation is catastrophic to 
the lower and middle classes 

906
00:51:10,200 --> 00:51:13,000
that don't have. 
The means to benefit from asset 

907
00:51:13,000 --> 00:51:15,700
inflation. 
Don't have the means to save and

908
00:51:15,700 --> 00:51:17,500
equities or the stutter or 
stock. 

909
00:51:17,500 --> 00:51:20,700
They make their money in cash 
and they save in cash and then 

910
00:51:20,700 --> 00:51:23,500
they get completely stolen in 
clash. 

911
00:51:23,500 --> 00:51:24,600
And it's, you're absolutely 
right. 

912
00:51:24,600 --> 00:51:27,600
It's a wealth redistribution 
from the lower middle classes 

913
00:51:27,600 --> 00:51:30,600
back to the top 1% and back to 
the government. 

914
00:51:30,600 --> 00:51:35,000
So 100% so fumble, what are your
thoughts on? 

915
00:51:35,200 --> 00:51:38,300
And and I'm going to kind of 
pass you on something that Jin. 

916
00:51:38,300 --> 00:51:41,000
Said, Do You Believe In 
coercive? 

917
00:51:41,000 --> 00:51:43,500
Well, through distribution. 
Do you believe in? 

918
00:51:43,700 --> 00:51:47,400
Some type of redistribution that
needs some type of coercion in 

919
00:51:47,400 --> 00:51:52,300
order to fund some type of, you 
know, Medicare for all or 

920
00:51:52,300 --> 00:51:54,100
education for all. 
What are your thoughts on that? 

921
00:51:54,100 --> 00:51:56,200
Fumble? 
No, I don't. 

922
00:51:56,200 --> 00:52:00,600
Absolutely. 
No, I well work speak for this 

923
00:52:00,600 --> 00:52:04,600
speak for Jen but I would say 
that we're alone both lean more 

924
00:52:04,600 --> 00:52:10,000
anarchists then statist as I 
mean, I think Jin nailed, nailed

925
00:52:10,000 --> 00:52:14,200
it with what she's just saying, 
you know, I think that When 

926
00:52:14,200 --> 00:52:18,600
things are kind of redrawn to 
bitcoin kind of cards out a 

927
00:52:18,600 --> 00:52:23,600
world in which we can make our 
decisions and organize some and 

928
00:52:23,600 --> 00:52:26,400
more voluntary basis, who can 
carve out those things and 

929
00:52:26,400 --> 00:52:27,600
often. 
It's the state that actually 

930
00:52:27,600 --> 00:52:31,000
gets in the way. 
So, you know, I sometimes see in

931
00:52:31,000 --> 00:52:34,500
the examples in America of, you 
know, people that get punished 

932
00:52:34,500 --> 00:52:39,500
for collecting rainwater or, you
know, like people made an 

933
00:52:39,500 --> 00:52:43,500
initiative to build some build 
some little Shacks. 

934
00:52:43,700 --> 00:52:47,800
Like a nice wooden homes for 
homeless people and then the 

935
00:52:47,800 --> 00:52:51,000
state comes in and destroys it. 
I find that actually, the state 

936
00:52:51,000 --> 00:52:57,300
is the one, the the force that 
makes these things difficult and

937
00:52:57,300 --> 00:53:00,400
fosters a dependence, so that 
we're always looking to that 

938
00:53:00,400 --> 00:53:03,100
Central Point. 
So no, I don't, I don't think we

939
00:53:03,100 --> 00:53:08,200
need that kind of coercion and 
and on the redistribution from 

940
00:53:08,200 --> 00:53:11,900
like again, Ginger nailed it 
like I see the state as 

941
00:53:12,600 --> 00:53:15,700
redistributing. 
Poor to rich and from the 

942
00:53:15,700 --> 00:53:21,600
taxpayer to private hands, you 
know, so I think I have a faith 

943
00:53:21,600 --> 00:53:25,700
in humanity that most people are
good. 

944
00:53:26,300 --> 00:53:28,000
And yeah, you get some bad 
apples. 

945
00:53:28,000 --> 00:53:30,800
I think generally like there's 
there's a sickness in society 

946
00:53:30,800 --> 00:53:34,400
partly from from from fear and 
in my opinion party from 

947
00:53:34,400 --> 00:53:37,500
capitalism and and a lot of the 
kind of pressures that are on 

948
00:53:37,500 --> 00:53:41,200
society and I'd like to think 
that if we have, if everyone has

949
00:53:41,200 --> 00:53:45,100
a more solid base, Then we can 
form those networks. 

950
00:53:45,100 --> 00:53:50,700
Those communities and we can, 
you know, really, you know, if 

951
00:53:50,700 --> 00:53:53,100
we want it. 
I'm sure voluntarily everyone 

952
00:53:53,100 --> 00:53:55,800
would want to make sure that we 
don't have people dying on the 

953
00:53:55,800 --> 00:53:59,800
street because they don't have a
basic, you know, Healthcare 

954
00:53:59,800 --> 00:54:01,300
something. 
Yeah, it was. 

955
00:54:01,900 --> 00:54:07,600
So, so one last thing and I know
this is a big, big aspect of the

956
00:54:07,600 --> 00:54:11,700
political layer is the the 
aspect of wealth inequality, 

957
00:54:11,800 --> 00:54:16,300
right? 
How do you propose to level that

958
00:54:16,300 --> 00:54:20,900
playing field without coercion, 
without some type of tax scheme 

959
00:54:21,200 --> 00:54:23,700
to take from one group? 
Take it from the productive 

960
00:54:23,700 --> 00:54:28,400
class and give it to, you know, 
the less fortunate and what not.

961
00:54:28,400 --> 00:54:31,700
How do you put, how do you 
propose we do that without some 

962
00:54:31,700 --> 00:54:35,500
type of coercion without some 
type of state in order to 

963
00:54:35,500 --> 00:54:39,900
enforce that. 
I think these are very difficult

964
00:54:39,900 --> 00:54:44,400
questions to answer at least in 
a very short form because 

965
00:54:45,200 --> 00:54:48,100
they're this can happen one or 
two ways, right? 

966
00:54:48,100 --> 00:54:51,200
It could happen in a gradual 
way, in a transition from one 

967
00:54:51,200 --> 00:54:53,800
Society or one system into a 
different system. 

968
00:54:54,200 --> 00:54:57,300
Or it could have been in a very 
abrupt way in which you 

969
00:54:57,300 --> 00:55:00,900
effectively have an economic 
collapse and you're forced 

970
00:55:00,900 --> 00:55:05,800
ultimately to rebuild from these
ashes and and in that sense you 

971
00:55:05,800 --> 00:55:07,700
kind of start from a clean 
slate. 

972
00:55:09,200 --> 00:55:12,500
But it's a tumultuous and it 
will be very painful one. 

973
00:55:13,000 --> 00:55:16,800
And I think that the latter is 
more likely right now because I 

974
00:55:16,808 --> 00:55:21,200
don't see our government 
actually changing trajectory or 

975
00:55:21,200 --> 00:55:25,800
having the ability to do that. 
If that if they could they would

976
00:55:25,800 --> 00:55:28,100
certainly have to be some types 
of reforms. 

977
00:55:28,100 --> 00:55:32,600
I think and changes in the way 
that money works and there's 

978
00:55:32,800 --> 00:55:37,300
there's some ideas around that. 
I think ultimately switching at 

979
00:55:37,300 --> 00:55:43,500
least Towards Bitcoin would be 
useful because a city for 

980
00:55:43,500 --> 00:55:48,700
example, could acquire Bitcoin 
Miners and they could use those 

981
00:55:48,700 --> 00:55:52,600
Transit transaction fees to 
invest into their Community into

982
00:55:52,600 --> 00:55:55,700
public works. 
And that I think is very 

983
00:55:55,700 --> 00:56:00,200
empowered powering and a very 
unusual thing that doesn't come 

984
00:56:00,200 --> 00:56:06,300
around too often that sort of 
sort of effectively, I mean, You

985
00:56:06,300 --> 00:56:10,500
can think of the transaction fee
almost like attacks on using the

986
00:56:10,500 --> 00:56:14,100
network, right? 
I mean you the the fees that we 

987
00:56:14,100 --> 00:56:17,800
pay when I sent, you know, when 
I send something to Fumble, you 

988
00:56:17,800 --> 00:56:19,600
know, I sent him a few SATs, 
right? 

989
00:56:19,800 --> 00:56:22,400
I mean those fees, then go 
towards the people who are 

990
00:56:22,400 --> 00:56:26,100
mining and they're mining. 
They're serving a purpose. 

991
00:56:26,300 --> 00:56:28,500
They get the blocks of City 
because they're securing the 

992
00:56:28,500 --> 00:56:31,300
network and the preventing, the 
double spend, and excetera Etc. 

993
00:56:31,300 --> 00:56:33,400
Right? 
So in a way, it's like a toll, 

994
00:56:33,400 --> 00:56:35,200
I'm paying a toll to use the 
road. 

995
00:56:35,700 --> 00:56:37,800
Okay, that's fine. 
I agree to it. 

996
00:56:37,800 --> 00:56:41,300
I said I agreed this this makes 
sense, but I could benefit from 

997
00:56:41,300 --> 00:56:43,800
that too. 
If I'm also Mining and then I 

998
00:56:43,800 --> 00:56:47,300
can use that to the benefit of 
my community. 

999
00:56:47,300 --> 00:56:51,100
So I think that's one way, 
that's one possibility with 

1000
00:56:51,100 --> 00:56:54,100
Bitcoin to do that. 
I just don't, I don't see. 

1001
00:56:54,100 --> 00:56:58,200
Government's wanting to let go 
of the power to let things like 

1002
00:56:58,200 --> 00:57:01,200
that happen too easily. 
I think that's the issue. 

1003
00:57:01,200 --> 00:57:05,900
Is that governments are have 
consolidate power so much and 

1004
00:57:05,900 --> 00:57:09,500
have such of a monopoly on 
violence that they're not going 

1005
00:57:09,500 --> 00:57:11,900
to be very willing to let much 
of that go. 

1006
00:57:11,900 --> 00:57:17,100
I mean you can see what they did
to Ross and and to into Julian 

1007
00:57:17,100 --> 00:57:22,400
Assange and Chelsea Manning for 
for stepping up and showing the 

1008
00:57:22,400 --> 00:57:27,500
truths of government. 
So this is this is the reality 

1009
00:57:27,500 --> 00:57:32,300
is I don't think any of this 
will come very easily. 

1010
00:57:32,600 --> 00:57:36,100
Progressives. 
They look towards government. 

1011
00:57:36,100 --> 00:57:39,200
They see it's there. 
They see the power that exists 

1012
00:57:39,200 --> 00:57:43,600
there and they think well, 
there's so much power to change 

1013
00:57:43,600 --> 00:57:46,900
things there if I could only 
reform it so that it would 

1014
00:57:46,900 --> 00:57:50,700
benefit people and minimize this
inequality. 

1015
00:57:50,700 --> 00:57:53,200
Then that power could be used 
for good. 

1016
00:57:53,700 --> 00:57:57,900
But the problem is, is that this
power switches between players, 

1017
00:57:57,900 --> 00:57:59,900
right? 
Every four years. 

1018
00:58:00,000 --> 00:58:02,500
And then on top of that like, 
there's so much money in 

1019
00:58:02,500 --> 00:58:05,900
politics now, especially after 
the Citizens united. 

1020
00:58:06,000 --> 00:58:09,200
That is it's really hard. 
It's really hard for people to 

1021
00:58:09,200 --> 00:58:12,200
actually get milk, any good out 
of the system. 

1022
00:58:12,200 --> 00:58:16,800
So I think progressives have to 
realize that maybe you need to 

1023
00:58:16,800 --> 00:58:19,100
just completely change the 
system. 

1024
00:58:19,400 --> 00:58:22,900
And I see that a lot in with, 
with the climate movement. 

1025
00:58:22,900 --> 00:58:25,300
A lot of climate activists are 
starting to realize that and 

1026
00:58:25,300 --> 00:58:27,900
they're like, you know, we just 
need a full system change. 

1027
00:58:27,900 --> 00:58:31,200
They just don't yet fully grasp.
What that means is that it's 

1028
00:58:31,200 --> 00:58:33,900
actually you have to start at 
the economic level or the 

1029
00:58:33,900 --> 00:58:36,200
monetary. 
Level, of course, you fix the 

1030
00:58:36,200 --> 00:58:39,600
money fix the world and what you
said was so true. 

1031
00:58:39,600 --> 00:58:42,400
And look, I fundamentally 
believe this. 

1032
00:58:42,400 --> 00:58:46,000
I think that the left, the way 
that the left views. 

1033
00:58:46,000 --> 00:58:50,200
The world is a whole lot better 
than the way that the right 

1034
00:58:50,200 --> 00:58:52,900
views the world. 
The the right though is a little

1035
00:58:52,900 --> 00:58:57,400
bit more based in, you know, 
tangible reality in the left is 

1036
00:58:57,400 --> 00:59:02,000
like a more idealistic and, you 
know, that that's and that's 

1037
00:59:02,000 --> 00:59:04,400
where the Clash happens, right? 
And look. 

1038
00:59:04,600 --> 00:59:08,400
If you look at communism, just 
the idea of Communism on paper. 

1039
00:59:08,800 --> 00:59:11,600
It's beautiful, right. 
The problem is that you need 

1040
00:59:11,600 --> 00:59:15,900
someone to enforce that equality
and that usually, you know, 

1041
00:59:15,900 --> 00:59:18,900
requires coercion, that usually 
requires violence that usually 

1042
00:59:18,900 --> 00:59:21,600
requires guns, right? 
That's why it doesn't work. 

1043
00:59:21,600 --> 00:59:23,100
And you guys are absolutely 
right. 

1044
00:59:23,100 --> 00:59:25,100
Capitalism is not a perfect 
system. 

1045
00:59:25,500 --> 00:59:28,600
It, I just happen to believe 
that it's the best system that 

1046
00:59:28,600 --> 00:59:32,200
we do have. 
And hopefully, Bitcoin fixes, 

1047
00:59:32,200 --> 00:59:36,400
the crony, capitalism aspect of 
Of it that hurts everybody, 

1048
00:59:36,500 --> 00:59:38,800
right? 
And hopefully that's where it 

1049
00:59:38,800 --> 00:59:40,300
goes. 
But anyway, we're running out of

1050
00:59:40,300 --> 00:59:42,100
time field. 
You have any closing, thoughts, 

1051
00:59:42,100 --> 00:59:44,500
my friend before you move on? 
Yeah, just quickly. 

1052
00:59:44,500 --> 00:59:47,600
I wanted to go back to a point. 
The gin made about the other 

1053
00:59:47,600 --> 00:59:49,700
miners. 
The miners transaction fees. 

1054
00:59:50,000 --> 00:59:51,800
I thought that was a very good 
point, right? 

1055
00:59:51,900 --> 00:59:56,200
We pay these fees for a specific
quality of service and for 

1056
00:59:56,200 --> 00:59:59,800
transaction finality, right? 
Like we end up paying we end up 

1057
00:59:59,800 --> 01:00:01,800
paying fees when we do the 
transactions on the Bitcoin 

1058
01:00:01,800 --> 01:00:05,400
Network and that helps ensure 
that our Transaction ends up in 

1059
01:00:05,400 --> 01:00:08,500
the next block and that we get 
the transaction finality, which 

1060
01:00:08,500 --> 01:00:11,900
is interesting because the 
government interestingly enough,

1061
01:00:11,900 --> 01:00:15,000
if you've ever gone through 
multiple government services, 

1062
01:00:15,000 --> 01:00:17,000
okay, and I am from Canada. 
So I have gone through the 

1063
01:00:17,000 --> 01:00:20,200
Healthcare System both in 
America and Canada and I can 

1064
01:00:20,200 --> 01:00:25,300
tell you that, there's a serious
lack of quality of service, you 

1065
01:00:25,300 --> 01:00:29,000
are paying a fee but you are not
getting what you are paying for 

1066
01:00:29,000 --> 01:00:31,100
and that's kind of part of the 
problem. 

1067
01:00:31,100 --> 01:00:34,400
So I do agree that yes in the 
Bitcoin space, we are closed. 

1068
01:00:34,500 --> 01:00:36,500
Unquote, paying that tax, but 
we're actually getting what we 

1069
01:00:36,500 --> 01:00:38,500
pay for it. 
Whereas in the real world. 

1070
01:00:38,500 --> 01:00:42,100
We are paying way more than our 
fair share and we are not 

1071
01:00:42,100 --> 01:00:44,300
getting the value for it. 
Anyways, just my phone. 

1072
01:00:44,500 --> 01:00:47,000
Absolutely. 
I'll wrap it all on that. 

1073
01:00:47,100 --> 01:00:48,800
Hope you guys enjoyed the 
episode. 

1074
01:00:48,800 --> 01:00:51,100
This is part 2 of the 
progressive case. 

1075
01:00:51,100 --> 01:00:53,000
For Bitcoin. 
We're going to do a series where

1076
01:00:53,000 --> 01:00:55,200
to get more and more 
progressives on the show. 

1077
01:00:55,800 --> 01:00:58,500
Ask them some questions, Riff on
this a little bit. 

1078
01:00:58,500 --> 01:01:01,200
But anyways, feel there was an 
open source software released. 

1079
01:01:01,200 --> 01:01:04,400
Today, want you to everybody 
about it software releases. 

1080
01:01:04,600 --> 01:01:06,800
Brought to you by Cipher safe. 
Check them out. 

1081
01:01:06,800 --> 01:01:11,600
Cipher safe dot IO don't store 
your seed on paper. 

1082
01:01:11,600 --> 01:01:14,500
That's way too risky. 
Even two or three papers. 

1083
01:01:14,500 --> 01:01:18,400
It's not enough store your seed 
in the Cipher wheel or the all 

1084
01:01:18,400 --> 01:01:20,500
new Cipher grid. 
They both come with a 

1085
01:01:20,508 --> 01:01:24,100
tamper-resistant wire and the 
grid comes with a punch tool. 

1086
01:01:24,400 --> 01:01:30,200
All right, we've got the Bitcoin
seed, tool version 1.0 0.5 that 

1087
01:01:30,200 --> 01:01:34,300
was released its Down Below in 
the show notes, guys, don't 

1088
01:01:34,300 --> 01:01:35,700
forget. 
Forget to check us out. 

1089
01:01:35,700 --> 01:01:38,800
On our Audio. 
Only platforms Apple podcasts 

1090
01:01:38,800 --> 01:01:41,900
Spotify and anchor. 
If you want to stream a SATs. 

1091
01:01:41,900 --> 01:01:43,400
Check us out on Fountain. 
Dot f m--. 

1092
01:01:43,400 --> 01:01:45,200
You could stream a SATs through 
Breeze. 

1093
01:01:45,500 --> 01:01:47,500
Also, thank you for all right, 
guys, before we going to do 

1094
01:01:47,500 --> 01:01:49,900
very, very special shout-out to 
our clothing. 

1095
01:01:49,900 --> 01:01:54,700
Sponsor represent LTD.com., I'm 
wearing the black camo hoodie, 

1096
01:01:54,900 --> 01:01:58,800
Phil's wearing the gray hoodie. 
They also have Bitcoin merch and

1097
01:01:58,800 --> 01:02:02,100
they're coming out with simply 
Bitcoin merch, and very soon. 

1098
01:02:02,200 --> 01:02:04,400
You can take advantage of the 
promo code. 

1099
01:02:04,600 --> 01:02:07,900
Below to get 10% off. 
Anything off the represent 

1100
01:02:07,900 --> 01:02:12,400
LTD.com store apps, want to give
a very special shout-out to our 

1101
01:02:12,400 --> 01:02:16,400
awesome gassy and go give of 
Margo a follow her. 

1102
01:02:16,400 --> 01:02:21,700
Twitter is at Jin underscore or 
so, you'll find her medium 

1103
01:02:21,700 --> 01:02:26,100
articles there. 
And of course fellow pleb at 

1104
01:02:26,100 --> 01:02:29,300
fumble BTC. 
Shout out to these guys. 

1105
01:02:29,400 --> 01:02:32,800
I love having like I said, 
Bitcoin is a political. 

1106
01:02:32,800 --> 01:02:36,200
It's for everybody. 
Love having progressives on the 

1107
01:02:36,200 --> 01:02:38,900
show, giving them their 
perspective. 

1108
01:02:38,900 --> 01:02:42,100
This is a peaceful Revolution 
and it includes everybody. 

1109
01:02:42,100 --> 01:02:44,100
But anyways, guys, I was our 
show, if you enjoyed the show 

1110
01:02:44,100 --> 01:02:45,500
you what to do. 
Smashed. 

1111
01:02:46,500 --> 01:02:48,300
Of course, you're going to 
continue here in the Bitcoin. 

1112
01:02:48,300 --> 01:02:50,900
Use from the Polly Platt 
perspective in the catastrophic.

1113
01:02:50,900 --> 01:02:53,400
Fails. 
Definitely consider subscribing 

1114
01:02:53,400 --> 01:02:56,300
to Simply Bitcoin will see you 
tomorrow guys, for any episode. 

1115
01:02:56,300 --> 01:03:00,400
Absolute power, corrupts. 
Absolutely Bitcoin, fixes this,