1 00:00:10,100 --> 00:00:13,000 Yeah welcome to another episode of Simply Bitcoin live. 2 00:00:13,000 --> 00:00:15,300 Your number one source for the peaceful Bitcoin Revolution we 3 00:00:15,300 --> 00:00:16,400 cover you can use culture medic Warfare. 4 00:00:16,400 --> 00:00:18,900 We will be your guide through the separation of money and 5 00:00:18,900 --> 00:00:22,100 state and today's one of those episodes where we are witnessing 6 00:00:22,100 --> 00:00:26,100 firsthand, the separate the the separation of money and state we 7 00:00:26,100 --> 00:00:31,800 we've been covering for a couple months now and we identified it 8 00:00:31,800 --> 00:00:33,700 Nick. Carter really did a great job 9 00:00:33,700 --> 00:00:39,400 basically outlining all the different steps that the current 10 00:00:39,400 --> 00:00:42,200 by diminishing. Stration has been taking in the 11 00:00:42,200 --> 00:00:44,600 hopes of isolating, the industry, from the traditional 12 00:00:44,600 --> 00:00:47,600 Financial system. We had Caitlin Long and simply 13 00:00:47,600 --> 00:00:51,600 Bitcoin IRL a couple days ago. And she said, her words, not 14 00:00:51,600 --> 00:00:55,200 ours. She said that the V, these 15 00:00:55,200 --> 00:00:58,500 tactics are coming straight, from the top, they're coming 16 00:00:58,500 --> 00:01:01,700 from the White House, the White House itself. 17 00:01:01,800 --> 00:01:06,500 And today, yesterday, really yesterday night, we got the 18 00:01:06,500 --> 00:01:12,700 Smoking Gun so the The White House released a report, the 19 00:01:12,700 --> 00:01:16,900 economic report of the president and there is 20 Pages. 20 00:01:17,100 --> 00:01:19,100 We're going to try to get through a lot of it today. 21 00:01:19,100 --> 00:01:24,400 If we have the time 20 Pages dedicated to attacking Bitcoin, 22 00:01:25,100 --> 00:01:28,300 basically making the case that, you know, you need a government. 23 00:01:28,300 --> 00:01:31,200 You need a state, you need a sovereign to issue the money. 24 00:01:32,200 --> 00:01:36,300 I think that those arguments after all the money printing, 25 00:01:36,400 --> 00:01:39,200 after all the theft, right. Because that's really what it 26 00:01:39,200 --> 00:01:40,700 is. Every time they Rent money, 27 00:01:40,800 --> 00:01:42,200 right? If you don't have your money in 28 00:01:42,200 --> 00:01:46,100 assets, it's stealing from you if you're earning and dollars, 29 00:01:46,400 --> 00:01:49,400 if you work on a salary, if you don't have savings, you're 30 00:01:49,400 --> 00:01:51,700 getting poorer when they when they print money. 31 00:01:52,000 --> 00:01:57,100 So these justifications RBS, we're going to dive deep into 32 00:01:57,100 --> 00:01:59,500 it. But I guess on guess a little 33 00:01:59,500 --> 00:02:03,100 bit of new a good news. Is that while this is happening 34 00:02:03,300 --> 00:02:06,800 right at the top level of the US federal government at the same 35 00:02:06,800 --> 00:02:10,699 time, on the state level, which we started covering Esther day, 36 00:02:11,400 --> 00:02:16,800 specifically Florida, South Dakota Texas, right there, a big 37 00:02:16,800 --> 00:02:20,600 movement to ban cdc's out, right, right. 38 00:02:20,600 --> 00:02:22,800 And then you have to ask yourself, like why are they so 39 00:02:22,800 --> 00:02:28,400 hell-bent on doing it this way? Well, it's obvious, they want to 40 00:02:28,400 --> 00:02:31,500 be able to maintain the privilege of being able to 41 00:02:31,500 --> 00:02:34,500 create money for free that everyone else has to work for, 42 00:02:35,000 --> 00:02:37,400 that's what it's about. You control money, you control 43 00:02:37,400 --> 00:02:39,800 people, you control the monetary policy. 44 00:02:39,800 --> 00:02:42,500 You Control people and they don't want to let go of that 45 00:02:42,500 --> 00:02:45,400 privilege. So they're trying to justify 46 00:02:46,000 --> 00:02:49,800 their existence and their hopes of doing that, our Central Bank, 47 00:02:49,800 --> 00:02:51,900 digital currencies. And this is something that we've 48 00:02:51,900 --> 00:02:55,000 said many times on this show, the same people that are 49 00:02:55,000 --> 00:03:00,300 supposedly tasked to regulate. The industry are the same people 50 00:03:00,500 --> 00:03:04,300 that don't really benefit from the industry succeeding, right? 51 00:03:04,300 --> 00:03:06,100 We're big Believers in incentives. 52 00:03:06,300 --> 00:03:09,300 They're not really incentivized to play fair, right? 53 00:03:09,300 --> 00:03:11,500 We've shown Many examples, right? 54 00:03:11,900 --> 00:03:15,000 Caitlin Long's Bank, custodia bank denied, a Federal Banking 55 00:03:15,000 --> 00:03:18,900 Charter, even though it was more than one to one backed. 56 00:03:18,900 --> 00:03:23,800 It was 108 percent backed, but you have Banks, like SV be like, 57 00:03:23,800 --> 00:03:28,500 Silicon Valley Bank, right? And guess what, you know, taking 58 00:03:28,500 --> 00:03:31,900 a lot more riskier decisions with their customers deposits 59 00:03:32,200 --> 00:03:35,800 and they go belly-up, right? So, you know, this is what it's 60 00:03:35,800 --> 00:03:38,800 about, this is the separation of money and state bunker down, 61 00:03:38,800 --> 00:03:42,300 take self custody. D because it we've been saying 62 00:03:42,300 --> 00:03:44,400 this many months. If you're, you know, if you've 63 00:03:44,400 --> 00:03:47,100 been a viewer for a while, this should not have just should not 64 00:03:47,100 --> 00:03:51,400 come as a surprise to you. They are now saying the quiet 65 00:03:51,400 --> 00:03:54,600 part out loud. And of course, you know they 66 00:03:54,600 --> 00:03:57,600 mentioned Bitcoins energy usage as well, right. 67 00:03:57,700 --> 00:04:03,300 Every single type of thing they can use to attack this movement. 68 00:04:03,300 --> 00:04:07,100 They will use. We are here bunker down, take 69 00:04:07,100 --> 00:04:11,900 Bitcoin into self custody and I'm Very bullish on individual 70 00:04:11,900 --> 00:04:14,200 states. I'm very, very bullish on 71 00:04:14,200 --> 00:04:16,600 individual states. Of course, there's some States, 72 00:04:16,800 --> 00:04:19,500 they're going to be hostile towards this movement, but 73 00:04:19,500 --> 00:04:22,000 there's going to be some states that are friendly towards this 74 00:04:22,000 --> 00:04:23,900 movement, and that's exactly what we're seeing. 75 00:04:24,600 --> 00:04:28,300 Anyways, to be a crazy show. We're gonna try to bring all the 76 00:04:28,300 --> 00:04:30,400 receipts for you guys, but before we start the show, I want 77 00:04:30,400 --> 00:04:33,600 to bring up my awesome co-host. Always optimistic Opti. 78 00:04:33,600 --> 00:04:37,300 How you doing, bro? I am doing wonderful today. 79 00:04:37,300 --> 00:04:41,400 Nico Another Day in Paradise. Just another day where 80 00:04:41,400 --> 00:04:44,100 bitcoiners just stay winning. What do I say? 81 00:04:44,100 --> 00:04:46,800 Every single day, guys governments can't ban Bitcoin. 82 00:04:46,800 --> 00:04:48,300 They can only ban themselves from Bitcoin. 83 00:04:48,300 --> 00:04:50,700 And now, we are seeing it from the tip. 84 00:04:50,700 --> 00:04:54,200 Top is that they are afraid. This is, they are afraid GIF, 85 00:04:54,200 --> 00:04:57,500 and it's kind of like an I told you, so. 86 00:04:57,500 --> 00:05:01,700 But hey, I'm gonna wait for my dunking until the new segment so 87 00:05:01,700 --> 00:05:05,900 that we can keep it fresh. And on the culture, I couldn't 88 00:05:05,900 --> 00:05:08,800 find our Twitter. Our Guest today on Twitter, so I 89 00:05:08,800 --> 00:05:11,600 do have a little narrative of and it's kind of back to this 90 00:05:11,600 --> 00:05:16,100 idea of, you know, grow up and play the real game. 91 00:05:16,100 --> 00:05:18,600 The going on right now and it is being a Bitcoin. 92 00:05:18,600 --> 00:05:22,400 Er, every other game is rigged against us and the only Lifeboat 93 00:05:22,400 --> 00:05:25,700 we have is Bitcoin. So I think this is going to be a 94 00:05:25,700 --> 00:05:28,500 fun one. Tldr Bitcoin, Maxis were right 95 00:05:28,500 --> 00:05:31,000 and stay right. Anyways, let's bring in our 96 00:05:31,000 --> 00:05:33,300 guests, stay right. All right, let's bring up our 97 00:05:33,300 --> 00:05:35,700 guest Chico dirt. And how you doing bro? 98 00:05:39,700 --> 00:05:41,200 Seems like he's having some audio issues. 99 00:05:41,200 --> 00:05:43,900 We're going to try to get them back during the numbers segment. 100 00:05:43,900 --> 00:05:46,000 Anyways, everybody, let's get two numbers. 101 00:05:46,000 --> 00:05:47,600 We have a lot to talk about today. 102 00:05:47,600 --> 00:05:54,400 Let's check it out. The Bitcoin members brought to 103 00:05:54,400 --> 00:05:56,700 you by novel. At this point, you should be 104 00:05:56,700 --> 00:05:59,100 running your own Bitcoin note. If you don't use your own 105 00:05:59,100 --> 00:06:02,400 Bitcoin node, you're trusting someone else's run your own 106 00:06:02,400 --> 00:06:04,600 version of Bitcoin core. The lightning Network, 107 00:06:04,600 --> 00:06:08,600 whirlpool, and Dojo all from the comfort of your own home. 108 00:06:08,800 --> 00:06:11,900 And if your digital Nomad, you have absolutely no excuse 109 00:06:11,900 --> 00:06:14,700 because now you can run a novel through a virtual private 110 00:06:14,700 --> 00:06:17,000 server. Visit not L.E you today. 111 00:06:17,600 --> 00:06:19,900 All right, everybody, I want to tell you about the largest 112 00:06:19,900 --> 00:06:23,400 Bitcoin conference Lawrence on the face of the Earth Bitcoin 113 00:06:23,400 --> 00:06:28,100 2023, you could use the promo code simply to get yourself. 114 00:06:28,100 --> 00:06:32,300 A big discount to this Bitcoin celebration Opti, and I are 115 00:06:32,300 --> 00:06:34,800 going to be there as well. We hope to see a lot of you guys 116 00:06:34,800 --> 00:06:38,200 in the flesh in person. You don't want to miss this. 117 00:06:38,200 --> 00:06:40,200 Anyways, let's go through some of the speaker list. 118 00:06:40,200 --> 00:06:42,300 We have Michael Lewis, Arthur Hays. 119 00:06:42,300 --> 00:06:45,600 Michael Sailor, Jack mahler's, Alex gladstein, Stacy, Herbert 120 00:06:45,600 --> 00:06:48,400 mad, Odell, Lynn, Alden, and many, many more. 121 00:06:48,400 --> 00:06:53,500 You don't want to miss Bitcoin. 20:23 you can use promo code 122 00:06:53,500 --> 00:06:57,800 simply to get yourself a big discount on the tickets. 123 00:06:58,400 --> 00:07:01,600 Anyways, at the time of recording, the Bitcoin price is 124 00:07:01,600 --> 00:07:06,600 28,500 95. Michael sailor is almost break. 125 00:07:06,600 --> 00:07:08,700 Even what happens when Michael sailor breaks. 126 00:07:08,700 --> 00:07:12,000 Even I'm an I'm I'm feeling I'm feeling bullish right now. 127 00:07:12,000 --> 00:07:16,800 I'm not gonna lie, so that's per dollar. 3490 7 block height 780 128 00:07:16,800 --> 00:07:22,200 1987 reachable Bitcoin nodes. Nineteen thousand four hundred 129 00:07:22,200 --> 00:07:25,900 eighty four blocks to the having fifty eight thousand thirteen 130 00:07:26,000 --> 00:07:29,300 having estimates. April 21st, 2024 total lightning 131 00:07:29,300 --> 00:07:36,100 network capacity, 5422 Bitcoin capacity value, 155 million 132 00:07:36,100 --> 00:07:40,200 dollars realized monetary inflation 1.76 percent and the 133 00:07:40,200 --> 00:07:46,900 market capitalization of Bitcoin 552 billion dollars with a be 134 00:07:47,600 --> 00:07:50,600 anyways I want to move on to this. 135 00:07:50,700 --> 00:07:56,100 Tweet by Brady Swenson and I think it's very appropriate, 136 00:07:56,100 --> 00:07:57,700 right? For what's happening in the 137 00:07:57,700 --> 00:08:01,100 arguments that the White House put out in the economic report, 138 00:08:01,100 --> 00:08:03,400 right? You know, it says Bitcoin is 139 00:08:03,400 --> 00:08:06,800 neutral money and there's a very famous video of Andreas 140 00:08:06,800 --> 00:08:10,600 Antonopoulos speaking to a bunch of people about Bitcoin, mind 141 00:08:10,600 --> 00:08:13,600 you at the time, the price of Bitcoin was $100. 142 00:08:14,000 --> 00:08:18,200 Anyways, let's check it out. The topic I want to talk about 143 00:08:18,200 --> 00:08:23,200 today is Bitcoin neutrality. Bitcoin neutrality. 144 00:08:23,200 --> 00:08:26,800 What is bitcoin? Neutrality mean neutrality and 145 00:08:26,800 --> 00:08:32,299 Bitcoin means being able to adopt Bitcoin and any culture, 146 00:08:32,299 --> 00:08:37,299 any language, any religion, any geography, but also any 147 00:08:37,299 --> 00:08:43,500 political or economic system. So Bitcoin neutrality is about 148 00:08:43,500 --> 00:08:47,600 making Bitcoin a standard that is independent of your desires 149 00:08:47,600 --> 00:08:52,700 and expectations. This isn't a libertarian See any 150 00:08:52,700 --> 00:08:56,500 more than it's a communist currency, it's a currency and it 151 00:08:56,500 --> 00:08:59,600 can be applied to any political system. 152 00:09:00,900 --> 00:09:04,900 Whether it is. The political system you like or 153 00:09:04,900 --> 00:09:08,000 not? It's a neutral currency. 154 00:09:10,000 --> 00:09:13,900 So what is your travels? He mean, neutrality isn't mean. 155 00:09:13,900 --> 00:09:19,700 No principles neutrality is a principle in itself. 156 00:09:19,900 --> 00:09:24,000 And in fact, what I'm here to talk to you about today is the 157 00:09:24,200 --> 00:09:27,500 neutrality is the most important principle in Bitcoin. 158 00:09:27,700 --> 00:09:30,500 And most of the other great things derive from that. 159 00:09:32,800 --> 00:09:35,600 If you want to really understand how neutrality will affect 160 00:09:35,600 --> 00:09:39,200 Bitcoin in the future, we need to look at what has happens with 161 00:09:39,200 --> 00:09:42,100 the In TCP IP in terms of neutrality. 162 00:09:45,700 --> 00:09:51,000 On the internet. Anyone can publish. with the 163 00:09:51,000 --> 00:09:58,400 same voice that Time Warner and CBS and ABC and CNN have so 164 00:09:58,400 --> 00:10:02,100 neutrality is about being able to balance things so that it 165 00:10:02,100 --> 00:10:06,400 doesn't matter who the sender is, or the recipient is how big 166 00:10:06,400 --> 00:10:10,800 the transaction is, what type of transaction it is, whether its 167 00:10:10,800 --> 00:10:16,800 buying gold camels or drugs, neutrality means that the 168 00:10:16,800 --> 00:10:20,700 network will process your transaction and will charge you 169 00:10:21,900 --> 00:10:23,800 Based on how big that transaction is into the 170 00:10:23,808 --> 00:10:28,500 blockchain. So yeah, man, look, this is what 171 00:10:28,500 --> 00:10:30,800 we're here about. This is why we always say simply 172 00:10:30,800 --> 00:10:34,300 Bitcoin, a is a political. We do not lean left, we do not 173 00:10:34,300 --> 00:10:36,400 lean, right? Right in the traditional, you 174 00:10:36,400 --> 00:10:38,700 know, Fiat tropes like we call them, right? 175 00:10:39,000 --> 00:10:43,500 We stand for Bitcoin, you know? And we are advocating for is a 176 00:10:43,508 --> 00:10:47,200 system that doesn't care where you're born in right, where you 177 00:10:47,200 --> 00:10:50,300 happen to be born in what part of the world you are in, right? 178 00:10:50,400 --> 00:10:53,100 You can use Bitcoin. To download a Bitcoin wallet and 179 00:10:53,100 --> 00:10:57,500 you could basically plug into the world financial to the world 180 00:10:57,500 --> 00:10:59,800 economy, right? And the system they're 181 00:10:59,800 --> 00:11:03,000 advocating for is a system that does care where you happen to 182 00:11:03,000 --> 00:11:04,700 be. Born does care what country 183 00:11:04,700 --> 00:11:06,400 you're in. Does care what skin color you 184 00:11:06,400 --> 00:11:07,900 are in. Does care, what religion you 185 00:11:07,900 --> 00:11:09,700 have. That's the system that they're 186 00:11:09,700 --> 00:11:11,900 advocating for the system that we're advocating for is in 187 00:11:11,900 --> 00:11:16,500 neutral system. So when they say when they argue 188 00:11:16,600 --> 00:11:17,800 right? We're going to get it to a lot 189 00:11:17,800 --> 00:11:21,000 of the arguments at the White House made that you know there's 190 00:11:21,000 --> 00:11:22,500 no benefit. It to the system. 191 00:11:22,500 --> 00:11:24,200 Well, that's benefit number one, right? 192 00:11:24,200 --> 00:11:28,800 So if you care, if you truly care about Equity inclusivity, 193 00:11:29,100 --> 00:11:32,300 right your Bitcoin Advocate, if you're not a Bitcoin Advocate, 194 00:11:32,300 --> 00:11:35,100 you're against that because you're advocating for a system 195 00:11:35,300 --> 00:11:39,000 that want that that does have biases. 196 00:11:39,000 --> 00:11:43,200 It does care where you are right and even worse, right? 197 00:11:43,300 --> 00:11:46,500 It's a system that steals from you as well, right? 198 00:11:46,500 --> 00:11:50,900 So, you know, all their narratives and their spin, 199 00:11:51,100 --> 00:11:53,300 right? It's just that it's narratives 200 00:11:53,300 --> 00:11:56,200 and spin its Miss representations of what this 201 00:11:56,200 --> 00:11:59,000 out, what this movement is actually all about. 202 00:11:59,300 --> 00:12:01,800 This is about Freedom. This is about everyone having 203 00:12:01,800 --> 00:12:04,700 access to good money. We live in a world right now 204 00:12:04,700 --> 00:12:09,600 where you only have access to somewhat usable money if you 205 00:12:09,600 --> 00:12:13,700 happen to be born in a specific location, right? 206 00:12:13,700 --> 00:12:15,200 And this is what we're advocating for. 207 00:12:15,200 --> 00:12:19,500 This is what we're fighting for and, you know, their arguments, 208 00:12:19,800 --> 00:12:22,600 right? Really like I I don't believe 209 00:12:22,600 --> 00:12:26,300 them because it's like, yes they say they care about inclusivity. 210 00:12:26,400 --> 00:12:29,500 They say they care about Equity, they say they care about all 211 00:12:29,500 --> 00:12:32,800 these, you know, all these nice Buzz words, but when push comes 212 00:12:32,800 --> 00:12:36,700 to shove, it would require them to give up a little bit of 213 00:12:36,700 --> 00:12:40,300 power, in order for those things to even be possible. 214 00:12:40,500 --> 00:12:42,700 And of course, they're not willing to do that, right? 215 00:12:42,700 --> 00:12:45,300 And this goes back to something that we've always said on simply 216 00:12:45,300 --> 00:12:48,800 Bitcoin Bitcoin exposes incentives, right? 217 00:12:48,800 --> 00:12:51,900 No matter who you are, whether your government accompany a And 218 00:12:52,200 --> 00:12:54,700 it exposes what you really want, right? 219 00:12:54,700 --> 00:12:57,700 And this one of one of Bitcoin one of Bitcoin, one of my 220 00:12:57,700 --> 00:13:00,300 favorite features of Bitcoin, right? 221 00:13:00,400 --> 00:13:04,700 So shout out to Andre has played a huge role in my personal 222 00:13:04,700 --> 00:13:07,700 orange, peeling Journey, absolute Legend. 223 00:13:08,200 --> 00:13:11,400 You can notice right that that room was basically empty. 224 00:13:12,100 --> 00:13:14,400 Bitcoin conferences are an empty anymore, man. 225 00:13:14,500 --> 00:13:18,600 They're full of people, right? So holy cow, have we come a long 226 00:13:18,600 --> 00:13:22,900 way but I'm remembering my Ation with Luke Broyles. 227 00:13:23,000 --> 00:13:26,900 We are just in the very beginning and I'm incredibly 228 00:13:26,900 --> 00:13:28,800 bullish. But hey we are going to have a 229 00:13:28,808 --> 00:13:32,400 bumpy road in the process. This is the separation of money 230 00:13:32,400 --> 00:13:34,400 and state, they're not going to give over the keys gently. 231 00:13:34,400 --> 00:13:37,300 They're going to want to fight tooth and nail to be able to 232 00:13:37,500 --> 00:13:40,500 keep on to that privilege of being able to make money for 233 00:13:40,500 --> 00:13:43,200 free that everyone else has to work for anyways. 234 00:13:43,200 --> 00:13:44,900 Opti, what are your thoughts on this, bro? 235 00:13:45,700 --> 00:13:49,400 Well, first and foremost, like you said, Andre has orange pill 236 00:13:49,400 --> 00:13:53,300 to be in 2017 as well. So, A little nostalgic right now 237 00:13:53,300 --> 00:13:56,300 because I haven't watched any of his content in a long time, but 238 00:13:56,300 --> 00:13:59,900 I remember those long nights when I first caught the fomo 239 00:13:59,900 --> 00:14:03,700 Bitcoin bug and just watch hours of Andre, it's his videos. 240 00:14:03,700 --> 00:14:07,200 The old stuff is so good. But anyways, I really like the 241 00:14:07,208 --> 00:14:10,500 topic of of this particular video because this is something 242 00:14:10,500 --> 00:14:13,700 we talked about consistently, you know, neutral money is good, 243 00:14:13,700 --> 00:14:17,200 like as we're seeing right now, having a money outside of the 244 00:14:17,200 --> 00:14:20,500 system is a good thing owning a neutral money that no one's 245 00:14:20,500 --> 00:14:21,800 control. That no one could Trolls. 246 00:14:21,800 --> 00:14:24,600 It is why we love Bitcoin. This is basically what we talked 247 00:14:24,600 --> 00:14:29,000 about every single day, and of course, today is the fomc 248 00:14:29,000 --> 00:14:30,200 meeting. You know, the Federal Reserve 249 00:14:30,200 --> 00:14:32,300 meeting and everyone is carrying what the Federal Reserve is 250 00:14:32,300 --> 00:14:35,100 about to do. Everyone is watching and 251 00:14:35,300 --> 00:14:38,400 wondering, whether they are going to break the system or not 252 00:14:38,400 --> 00:14:42,000 and see how a small group of people are going to react to 253 00:14:42,100 --> 00:14:44,700 what is happening in real time. You know, affect the monetary 254 00:14:44,700 --> 00:14:48,700 supply of the US dollar and as a bit Corner we have opted out of 255 00:14:48,700 --> 00:14:51,400 this madness you know humans should not have control over the 256 00:14:51,400 --> 00:14:53,400 money. This is why we Bitcoin neutral. 257 00:14:53,400 --> 00:14:57,100 Money is a good thing, having our money controlled by an 258 00:14:57,100 --> 00:15:00,800 algorithm, you know, secured by math and encryption is a 259 00:15:00,800 --> 00:15:02,600 feature. We no longer have to trust 260 00:15:02,600 --> 00:15:04,700 humans, not to debase our currency. 261 00:15:04,700 --> 00:15:08,100 And furthermore like why should you trust a small group of 262 00:15:08,100 --> 00:15:10,000 people to tell us what we can buy? 263 00:15:10,200 --> 00:15:14,400 You know what we can save in and how much they're going to debase 264 00:15:14,400 --> 00:15:17,100 our savings. Like this is absolutely insane 265 00:15:17,400 --> 00:15:21,300 and you don't have to you opt out of Bitcoin being a neutral. 266 00:15:21,600 --> 00:15:25,000 Any that no government or people control is the feature of 267 00:15:25,000 --> 00:15:26,800 Bitcoin. This is why we Bitcoin we have 268 00:15:26,800 --> 00:15:30,300 taken money out of the hands of humans. 269 00:15:30,400 --> 00:15:34,900 And we have put our faith in math and in algorithm completely 270 00:15:34,900 --> 00:15:38,300 outside of the system. And again, of course, they are 271 00:15:38,300 --> 00:15:42,800 not going to go easy into that dark night, and the oppressors 272 00:15:42,800 --> 00:15:45,400 are not going to give up that oppression easily. 273 00:15:45,400 --> 00:15:48,600 So, this is why we say every single day, the most important 274 00:15:48,600 --> 00:15:52,900 thing for you guys to do, is to take Bitcoin into Custody spread 275 00:15:52,900 --> 00:15:57,500 the signal and you know, tell more people about this live a 276 00:15:57,508 --> 00:16:00,000 prosperous life and make sure that you live long so you can 277 00:16:00,000 --> 00:16:03,500 Usher in these sets and this is all we are doing continued to 278 00:16:03,500 --> 00:16:07,900 counter the BS from these people because they are working with 279 00:16:07,900 --> 00:16:11,900 the Fiat incentives, which means they are not incentivized to let 280 00:16:11,900 --> 00:16:15,100 you off the Yoke. Like you guys need to take back 281 00:16:15,100 --> 00:16:17,400 your life, take back your money and saving Bitcoin. 282 00:16:17,600 --> 00:16:20,800 It's literally this easy and yet it still seems complicated for 283 00:16:20,800 --> 00:16:22,200 people. Yeah, Chico. 284 00:16:22,200 --> 00:16:23,400 What's your take on all this, bro? 285 00:16:25,200 --> 00:16:27,800 Hey guys, what's up? It's a pleasure to be here with 286 00:16:27,800 --> 00:16:31,600 you. So, yeah, regarding what you 287 00:16:31,600 --> 00:16:33,300 guys said. I think the Lord of the Rings 288 00:16:33,300 --> 00:16:36,300 analogy is a great one. So, basically, we have like this 289 00:16:36,300 --> 00:16:39,000 ring of power, right? It's the control of money. 290 00:16:39,000 --> 00:16:43,600 And we bitcoiners, we are like raising this Army to try to face 291 00:16:43,600 --> 00:16:47,000 like, Dark Army, which is basically you guys that are 292 00:16:47,000 --> 00:16:49,000 defending our current field system. 293 00:16:49,000 --> 00:16:53,200 And we are on this journey through to the volcano tool, to 294 00:16:53,200 --> 00:16:55,900 destroy the ring once and for all because We know that once we 295 00:16:55,900 --> 00:16:58,500 do that, we'll have a better Society for everyone. 296 00:16:59,000 --> 00:17:01,300 Absolutely man. And this is what it's about. 297 00:17:01,500 --> 00:17:04,300 And, you know, this is why we bring, you know, bitcoiners from 298 00:17:04,300 --> 00:17:08,000 all walks of life on simply Bitcoin on simply Bitcoin live, 299 00:17:08,000 --> 00:17:11,700 we make the effort to do just that because everyone's voice 300 00:17:11,700 --> 00:17:14,500 matters here, everyone contributes, you know, doesn't 301 00:17:14,500 --> 00:17:17,000 matter whether you have a big Twitter account, small Twitter 302 00:17:17,000 --> 00:17:19,900 account, small YouTube channel, big YouTube channel, every 303 00:17:19,900 --> 00:17:22,300 single tweet, we stayed in that we say during the mean review, 304 00:17:22,300 --> 00:17:24,800 right? You know, tweets are bullets me. 305 00:17:24,900 --> 00:17:27,400 Eames artillery in this information war that we're 306 00:17:27,400 --> 00:17:29,000 fighting. We're trying to win over the 307 00:17:29,000 --> 00:17:31,900 hearts and minds of people. And you do that one individual 308 00:17:31,900 --> 00:17:34,200 at a time. One individual spreading, you 309 00:17:34,200 --> 00:17:35,700 know, the Bitcoin message, right? 310 00:17:35,700 --> 00:17:38,800 It's not a left and right issue. It's not democrat or republican 311 00:17:38,800 --> 00:17:42,100 at least in the u.s., right. It's not you know, a socialist 312 00:17:42,100 --> 00:17:45,000 versus whatever, you know, the the right side equivalent of 313 00:17:45,000 --> 00:17:47,300 that is it's not about any of that, right? 314 00:17:47,300 --> 00:17:51,000 It's about, you know, we want a money that doesn't steal from us 315 00:17:51,300 --> 00:17:52,900 and that money is for everyone, right? 316 00:17:52,900 --> 00:17:56,300 Doesn't matter which side of the political Spectrum, you are 317 00:17:56,300 --> 00:17:58,800 doesn't matter where you live. It doesn't matter what your 318 00:17:58,800 --> 00:18:01,300 beliefs are. You have the ability to use 319 00:18:01,300 --> 00:18:03,200 Bitcoin? And if you're against that, 320 00:18:03,200 --> 00:18:05,600 that's what you're against, you want a money. 321 00:18:05,700 --> 00:18:07,800 That only a certain amount of people could use it. 322 00:18:07,800 --> 00:18:10,800 Only a specific amount of people that you can use, that's what 323 00:18:10,800 --> 00:18:13,100 you're against, right? And we have to be very clear 324 00:18:13,100 --> 00:18:14,900 with that messaging, that's what you're against. 325 00:18:14,900 --> 00:18:17,400 If you're against Bitcoin, you're against that right? 326 00:18:17,400 --> 00:18:20,500 We have to be very, very clear. They won't be able to argue. 327 00:18:20,600 --> 00:18:22,600 They will not, they don't have a response to that. 328 00:18:22,600 --> 00:18:24,600 It's an it's an indefensible position. 329 00:18:24,900 --> 00:18:27,300 Right? So we have to highlight that, we 330 00:18:27,300 --> 00:18:30,200 have to highlight the fact that they want to you they want us, 331 00:18:30,200 --> 00:18:33,900 they want to force people to use money that decreases in 332 00:18:33,900 --> 00:18:37,100 purchasing power over time, they do not have a response to that 333 00:18:37,100 --> 00:18:40,000 either and those are the points that we have to focus on. 334 00:18:40,000 --> 00:18:43,700 We have to highlight. And, you know, we always say, 335 00:18:43,700 --> 00:18:46,800 man, if enough people take self custody, that's how we went. 336 00:18:46,800 --> 00:18:49,300 I don't think I'll hold on to go before you go before you go. 337 00:18:50,100 --> 00:18:53,800 You basically almost said this, it's my obligation here against 338 00:18:53,800 --> 00:18:55,500 Bitcoin Eureka. Okay. 339 00:18:55,500 --> 00:18:58,900 And then the next thing I was purposely avoiding that. 340 00:18:58,900 --> 00:19:01,900 Nope, nope against Bitcoin. Okay. 341 00:19:01,900 --> 00:19:03,700 And then also shouts out the Jose. 342 00:19:04,100 --> 00:19:06,700 He said mentioned the wall, mention the wallet again Opti. 343 00:19:07,000 --> 00:19:10,400 Again, we say it basically every single day maybe every other day 344 00:19:10,400 --> 00:19:14,000 at this point, but taking Bitcoin into self custody and 345 00:19:14,000 --> 00:19:16,500 telling people just to take Bitcoin into self, custody is 346 00:19:16,500 --> 00:19:18,800 half the battle. Push people towards the the 347 00:19:18,800 --> 00:19:19,600 tools. You know. 348 00:19:19,600 --> 00:19:23,100 I like what I like but you may like some other stuff and so the 349 00:19:23,100 --> 00:19:24,700 wall is said, I like weather on mobile. 350 00:19:24,900 --> 00:19:30,700 Liz blue wallet, green wallet, Zeus wallet, Pine Moon, Mercury 351 00:19:31,200 --> 00:19:34,800 Phoenix and then on a desktop there is Sparrow Specter. 352 00:19:34,800 --> 00:19:39,300 Bitcoin core Hardware, wallets Jade, cold card seed signer. 353 00:19:39,500 --> 00:19:42,000 There's more there's a bunch of honorable mentions and I am 354 00:19:42,000 --> 00:19:45,300 blanking on them but pick something, try it yourself. 355 00:19:45,300 --> 00:19:47,900 There's trade-offs to everything but this is a way. 356 00:19:47,900 --> 00:19:50,400 Thank you Jose, we will continue to do that. 357 00:19:50,800 --> 00:19:53,000 Absolutely beautiful. All right everybody, let's get 358 00:19:53,000 --> 00:19:54,100 to news. Let's do it. 359 00:19:56,600 --> 00:20:00,000 The Daily News brought to you by block stream. 360 00:20:00,000 --> 00:20:02,600 Jade built by bitcoiners for bitcoiners. 361 00:20:02,600 --> 00:20:05,600 It's an open-source Hardware wallet for the cold storage of 362 00:20:05,600 --> 00:20:09,000 Bitcoin block. Stream Jade houses a full color 363 00:20:09,000 --> 00:20:11,200 camera allowing for fully are gaps. 364 00:20:11,200 --> 00:20:14,600 Bitcoin transactions, scan and display QR codes directly on the 365 00:20:14,600 --> 00:20:17,500 device to sign, transactions and verify addresses. 366 00:20:17,500 --> 00:20:19,700 With ease, use your block stream. 367 00:20:19,700 --> 00:20:22,900 Jade with your favorite wallet software such as the block 368 00:20:22,900 --> 00:20:25,900 stream, green blue. Wallet electrum and Sparrow. 369 00:20:25,900 --> 00:20:29,900 Get yourself a block stream Jay today and take self custody of 370 00:20:29,900 --> 00:20:32,200 your Bitcoin. Alright, everybody. 371 00:20:32,300 --> 00:20:36,100 So the White House released economic report of the president 372 00:20:36,100 --> 00:20:39,300 in this report about 20 Pages. Yeah I just want you guys to pay 373 00:20:39,300 --> 00:20:43,100 attention to the length of the section that was committed to 374 00:20:43,100 --> 00:20:47,500 focusing on bitcoin is about eleven Pages longer than the 375 00:20:47,500 --> 00:20:51,100 Bitcoin white paper. And I think that says a lot of 376 00:20:51,300 --> 00:20:55,800 its signal right there. Look Point isn't complicated. 377 00:20:56,100 --> 00:20:58,000 It's simple and that's a good thing. 378 00:20:58,600 --> 00:21:02,900 Anyways so here's chapter 8 before I get into it because I 379 00:21:02,900 --> 00:21:08,100 do want to you know kind of go back and forth to certain 380 00:21:08,100 --> 00:21:11,500 segments, I want to read the preface, right? 381 00:21:11,500 --> 00:21:13,800 And I know there's a lot of big Corners in the audience and I'm 382 00:21:13,800 --> 00:21:15,400 sure it will make your blood boil. 383 00:21:15,400 --> 00:21:17,600 So it says multiple financial crisis. 384 00:21:17,600 --> 00:21:20,700 Have struck the United States during the last two centuries. 385 00:21:21,000 --> 00:21:24,400 Many of these crises have been caused by institutions that In 386 00:21:24,400 --> 00:21:27,400 like Banks but are not registered or regulated as Banks 387 00:21:27,700 --> 00:21:29,500 so-called Shadow Banks. Right. 388 00:21:29,500 --> 00:21:33,100 And remember what Elizabeth weren't words are important and 389 00:21:33,100 --> 00:21:36,000 they're powerful. What it Elizabeth Warren refer 390 00:21:36,300 --> 00:21:39,500 to bitcoin developers as shadowy super coders. 391 00:21:40,200 --> 00:21:44,400 Anyways, it goes on to say, for example, the 1907 crisis then 392 00:21:44,400 --> 00:21:48,700 called a quote Panic, was mainly caused by trust companies, which 393 00:21:48,700 --> 00:21:51,400 are state-chartered entities, that competed with banks for 394 00:21:51,400 --> 00:21:53,800 deposits. Because these trusts were not 395 00:21:53,800 --> 00:21:57,800 part of the Short payment system and this process only smart 396 00:21:57,800 --> 00:22:00,200 small amount of payments. They did not lost. 397 00:22:00,200 --> 00:22:04,300 They did not hold a large amount of cash related to deposits to 398 00:22:04,300 --> 00:22:06,700 earn profits. They made as many loans as 399 00:22:06,700 --> 00:22:11,100 possible after a series of events in October 1907, set off 400 00:22:11,100 --> 00:22:14,900 a rush for which draws several trust faced a run and were 401 00:22:14,900 --> 00:22:17,800 forced to suspend credit and liquidate assets acting. 402 00:22:17,800 --> 00:22:21,500 As a catalyst for a larger file set, fire sale and financial 403 00:22:21,500 --> 00:22:23,700 markets to save the financial system. 404 00:22:23,700 --> 00:22:27,500 JP Organ owner of the of the bank and a small number of other 405 00:22:27,500 --> 00:22:31,400 Financial leaders individually chose, which banks to bail out 406 00:22:31,800 --> 00:22:35,000 this helped government policies policy makers, realize that. 407 00:22:35,000 --> 00:22:40,000 Okay, so JP Morgan picked what banks to bail out now, the 408 00:22:40,000 --> 00:22:42,700 government picks what banks to bail out. 409 00:22:43,200 --> 00:22:44,700 Remember, what happened with SV B? 410 00:22:44,700 --> 00:22:47,800 Remember that the video of yelling, right? 411 00:22:47,800 --> 00:22:49,300 Where Senator Grassley was asking? 412 00:22:49,300 --> 00:22:52,400 Okay, so wait a second, so you're backing up the big Banks, 413 00:22:52,400 --> 00:22:54,200 but the smaller Banks not so much. 414 00:22:54,300 --> 00:22:58,300 Much. So, you know, The problem is, 415 00:22:58,600 --> 00:23:01,900 how about you stop trusting a bank with your deposit and you 416 00:23:01,900 --> 00:23:04,100 just take a little bit of personal responsibility and take 417 00:23:04,100 --> 00:23:05,900 self custody. I also want to highlight the 418 00:23:05,900 --> 00:23:09,200 date, right? Because they said look 1907 419 00:23:09,200 --> 00:23:13,300 before the establishment of the Federal Reserve in 1913, right? 420 00:23:14,100 --> 00:23:16,400 And coincidentally by the way, the same year is when they 421 00:23:16,400 --> 00:23:19,400 implemented the federal income tax, it's weird how it's the 422 00:23:19,408 --> 00:23:25,400 same year, lots of coincidences The Great Depression happened in 423 00:23:25,400 --> 00:23:30,200 1933. The 2009 Finance 2008-2009. 424 00:23:30,200 --> 00:23:35,400 Financial crisis happened after a central bank, right? 425 00:23:35,400 --> 00:23:40,300 So I don't, you know, really understand the argument. 426 00:23:40,300 --> 00:23:42,900 I think the argument that they're making is this help 427 00:23:42,900 --> 00:23:45,800 government policymakers realize that when faced with the crisis, 428 00:23:45,800 --> 00:23:49,400 the financial system. As then, constituent would rely 429 00:23:49,400 --> 00:23:52,600 on a privilege of group of individuals seeking to maximize 430 00:23:52,600 --> 00:23:55,100 their own profits. Rather than institutions that 431 00:23:55,100 --> 00:23:57,200 had an obligation to protect the Public's interest. 432 00:23:57,200 --> 00:23:59,200 Now, Now, that's a questionable statement. 433 00:23:59,500 --> 00:24:05,400 If you are under the age of 35, Those apparently what they're 434 00:24:05,400 --> 00:24:09,800 advocating for the government did not protect me in 2008-2009, 435 00:24:09,800 --> 00:24:13,200 h stole from me. In fact, in 2020. 436 00:24:13,200 --> 00:24:16,500 It's stole from me to look at the prices of real estate. 437 00:24:17,300 --> 00:24:19,600 It's unaffordable. So what is it that they're 438 00:24:19,600 --> 00:24:23,100 advocating for, right? And they have to preface this, 439 00:24:23,100 --> 00:24:26,500 they have to preface is the first paragraph that they start 440 00:24:26,500 --> 00:24:31,800 with advocating for Central Banking. but I'm not paying 441 00:24:31,800 --> 00:24:34,500 attention to what they're spending with their narrative is 442 00:24:34,500 --> 00:24:37,400 I'm paying attention to what the consequent with the results of 443 00:24:37,400 --> 00:24:44,000 that system are They've stolen from our future period. 444 00:24:44,000 --> 00:24:48,000 There's no there's no like you can't you can't go around that. 445 00:24:48,800 --> 00:24:51,600 We've shown you guys the receipt, many, many times 446 00:24:51,900 --> 00:24:53,900 anyways. Here is this coin Des article 447 00:24:54,500 --> 00:24:58,000 that goes into the nitty-gritty of a lot of the parts of the 448 00:24:58,000 --> 00:25:00,400 report we're going to go back to report, but this is a good 449 00:25:00,400 --> 00:25:02,500 summary. So his coin Dash White House, 450 00:25:02,500 --> 00:25:06,300 takes aim at crypto and scathing economic report. 451 00:25:06,300 --> 00:25:08,400 The White House, took aim at cryptocurrencies, in a new 452 00:25:08,400 --> 00:25:11,600 report arguing that many aspects of The digital asset ecosystem 453 00:25:11,600 --> 00:25:14,300 are creating issues for consumers, the financial system. 454 00:25:14,400 --> 00:25:17,000 And the environment, the economic report of the president 455 00:25:17,000 --> 00:25:20,100 published on Monday, is an annual publication by the 456 00:25:20,100 --> 00:25:22,800 economic, the Council of economic, advisers aimed at 457 00:25:22,800 --> 00:25:24,900 explaining the president's economic priorities and 458 00:25:24,900 --> 00:25:27,700 policies. Monday's report comes amid 459 00:25:27,700 --> 00:25:30,100 growing industry. Concern that fed Euler Federal 460 00:25:30,100 --> 00:25:31,900 Regulators are looking to D Bank. 461 00:25:31,900 --> 00:25:35,600 Crypto companies, though, state and federal Regulators have thus 462 00:25:35,600 --> 00:25:38,700 far denied, these claims still, the tone of the report is 463 00:25:38,700 --> 00:25:44,400 unlikely to So a share these concerns former deputy 464 00:25:44,500 --> 00:25:47,600 superintendent from with the New York Department of Financial 465 00:25:47,600 --> 00:25:50,600 Services told coined at the report was a quote, damning 466 00:25:50,600 --> 00:25:53,600 indictment. Indica meant of the space, that 467 00:25:53,600 --> 00:25:56,200 makes their policy positions position. 468 00:25:56,200 --> 00:25:59,300 Crystal Clear, quote, the amount of attention given to digital 469 00:25:59,300 --> 00:26:02,000 assets is substantial, especially when viewed in 470 00:26:02,000 --> 00:26:05,500 comparison to other areas of financial services that have 471 00:26:05,600 --> 00:26:08,400 arguably been far, more detrimental over the past few 472 00:26:08,400 --> 00:26:10,400 weeks and again, write it. It. 473 00:26:10,400 --> 00:26:12,500 We've been saying this, right? That was an art. 474 00:26:12,500 --> 00:26:15,600 That was a video that we published last week. 475 00:26:16,300 --> 00:26:19,600 We said they're taking advantage of the banking Calamity and 476 00:26:19,600 --> 00:26:23,300 they're using the Bitcoin and crypto industry as a scapegoat 477 00:26:23,400 --> 00:26:25,400 quote. It has been argued that crypto 478 00:26:25,400 --> 00:26:27,900 assets May provide other benefits such as improving 479 00:26:27,900 --> 00:26:31,100 Payment Systems, increasing Financial inclusion and creating 480 00:26:31,100 --> 00:26:35,000 mechanisms for the distribution of intellectual property and 481 00:26:35,000 --> 00:26:38,200 financial value that bypass intermediaries that extract 482 00:26:38,200 --> 00:26:40,000 value. From both the provider and 483 00:26:40,400 --> 00:26:42,400 Looking under the hood at these arguments. 484 00:26:42,400 --> 00:26:46,100 However, shows a more complicated picture so far 485 00:26:46,100 --> 00:26:48,700 crypto assets, have brought none of these benefits. 486 00:26:48,700 --> 00:26:52,800 That's a flat-out lie and that's a quote from the report. 487 00:26:52,800 --> 00:26:55,100 That's a lie and we'll go through it. 488 00:26:55,100 --> 00:26:58,800 One by one, such as improving Payment Systems yet, you're 489 00:26:58,800 --> 00:27:02,600 removing an intermediary, right? So what is the, what is the 490 00:27:02,600 --> 00:27:05,900 percentage that visa, and MasterCard and, you know, those 491 00:27:05,900 --> 00:27:10,000 credit card companies charge, it's like three percent American 492 00:27:10,100 --> 00:27:13,700 Press it's more than that right? Bitcoins, peer-to-peer the 493 00:27:13,700 --> 00:27:15,800 lightning network. If you guys have used leg night 494 00:27:15,800 --> 00:27:18,500 where lightning Network, it's literally Pennies on the dollar, 495 00:27:18,900 --> 00:27:21,200 right? Of course, it's in its infancy. 496 00:27:21,200 --> 00:27:25,100 Bitcoin volatility is still high, but you know, as Bitcoin 497 00:27:25,100 --> 00:27:29,800 continues and moves from a, you know, store of value into a 498 00:27:29,808 --> 00:27:32,000 medium of exchange. The volatility is going to 499 00:27:32,008 --> 00:27:34,900 decrease and the awesome part about Bitcoins volatility is 500 00:27:34,900 --> 00:27:37,000 that it goes up into the right right. 501 00:27:38,200 --> 00:27:40,900 Excuse me. Increasing Ensure inclusion. 502 00:27:40,900 --> 00:27:44,100 Yes, you know, if you're in the US and you have the financial 503 00:27:44,100 --> 00:27:47,100 privilege of having developed Financial rails, you know, 504 00:27:47,100 --> 00:27:50,000 perhaps, you know, you have your PayPal, you have your account, 505 00:27:50,000 --> 00:27:52,300 you have your cash app, you have your venmo, okay? 506 00:27:52,300 --> 00:27:55,000 Fine. But if you live in Nigeria, or 507 00:27:55,000 --> 00:27:59,000 if you live in Argentina with 99 percent inflation, it's very 508 00:27:59,000 --> 00:28:02,000 hard for me to get dollars. If you live in a country that is 509 00:28:02,000 --> 00:28:05,500 sanctioned by the US government, it's incredibly difficult to get 510 00:28:05,500 --> 00:28:08,100 dolled, not impossible. It's very hard to get dollars. 511 00:28:08,600 --> 00:28:11,300 Bitcoin serves them Bitcoin doesn't care. 512 00:28:11,500 --> 00:28:14,300 So that's what we talked about with financial inclusion, right, 513 00:28:14,400 --> 00:28:17,100 creating mechanisms for the distribution of intellectual 514 00:28:17,100 --> 00:28:18,500 property. That sounds like some shit 515 00:28:18,500 --> 00:28:19,800 coronary. So we're going to skip through 516 00:28:19,800 --> 00:28:24,200 that and financial value, that bypasses intermediaries hell 517 00:28:24,200 --> 00:28:25,500 yes. Hell to the F. 518 00:28:25,500 --> 00:28:27,500 Yes, that's the point. Anyways. 519 00:28:27,800 --> 00:28:33,100 So let's go back to, let's go back to some of the sections of 520 00:28:33,100 --> 00:28:34,800 the report. It's really important guys. 521 00:28:34,800 --> 00:28:38,400 We do not have the time to cover all of it is 20 pages, but we're 522 00:28:38,400 --> 00:28:40,700 going to cover some parts of Right. 523 00:28:40,700 --> 00:28:43,900 So this is the perceived appeal of crypto asses, the perceived 524 00:28:43,900 --> 00:28:47,000 write the keyword perceived as like, you don't you guys don't 525 00:28:47,000 --> 00:28:50,700 actually, you know, understand the value, its perceived value, 526 00:28:51,000 --> 00:28:53,900 the section reviews of potential benefits that crypto assets may 527 00:28:53,900 --> 00:28:56,900 offer as often touted by the proponents while the next 528 00:28:56,900 --> 00:28:59,100 section of value. It's what they have actually 529 00:28:59,100 --> 00:29:03,800 achieved, right? So moving on and then, of 530 00:29:03,800 --> 00:29:05,600 course, is take a look at this, right? 531 00:29:05,600 --> 00:29:09,400 So here we have, you know, a pie chart, right? 532 00:29:09,400 --> 00:29:12,200 They have Oh coins, cryptocurrencies crypto acids, 533 00:29:12,200 --> 00:29:15,200 digital assets and then look what's in the middle, right? 534 00:29:15,200 --> 00:29:16,800 Look, you get the best of both worlds. 535 00:29:16,800 --> 00:29:19,500 You don't get the, you don't get the, the shit coined in the 536 00:29:19,500 --> 00:29:23,400 Bitcoin, but you still get the benefits of the central bank and 537 00:29:23,400 --> 00:29:25,000 cash and all that. And you know what's right in the 538 00:29:25,000 --> 00:29:27,900 middle of that, for audio listeners, of course, Central 539 00:29:27,900 --> 00:29:30,400 Bank, digital currencies. And that's what this report is 540 00:29:30,400 --> 00:29:32,600 all about. This report is all about trying 541 00:29:32,600 --> 00:29:36,900 to undermine the, you know, the appeal of Bitcoin and shit 542 00:29:36,900 --> 00:29:41,200 coins, non-government money and highlight the Appeal of Central 543 00:29:41,200 --> 00:29:43,700 Bank, digital currencies. That's literally what it's 544 00:29:43,700 --> 00:29:47,100 about, right? So it goes on to say crypto 545 00:29:47,100 --> 00:29:49,600 assets, have gained substantial popularity in recent years, 546 00:29:49,600 --> 00:29:51,700 particularly, since the beginning of the pandemic in 547 00:29:51,700 --> 00:29:55,400 2020, as shown in figure, the estimated Market values of 548 00:29:55,400 --> 00:29:58,000 Select crypto assets, have increased significantly in 549 00:29:58,000 --> 00:30:01,000 recent years and reach a collective peak of nearly 3 550 00:30:01,000 --> 00:30:04,900 trillion and November 20 21. As of as of the end of December 551 00:30:04,900 --> 00:30:07,900 2020 to crypto assets. Collectively had a reported 552 00:30:07,900 --> 00:30:09,900 market value of a little under 1 trillion. 553 00:30:10,000 --> 00:30:14,400 And due to a large downturn in prices over the year and largely 554 00:30:14,400 --> 00:30:18,100 reflecting the failures of certain predominant crypto asset 555 00:30:18,100 --> 00:30:22,500 projects and firms so you know Let's ignore right Bitcoin 556 00:30:22,500 --> 00:30:24,500 Cycles. Let's ignore the fact that 557 00:30:24,500 --> 00:30:29,700 Bitcoin has gone up into the right for most of his existence. 558 00:30:29,700 --> 00:30:34,600 Maybe it has a 1-1 off-year here and there Let's ignore that and 559 00:30:34,600 --> 00:30:36,400 let's spin it to. Yes. 560 00:30:36,400 --> 00:30:39,900 The the another Market downturn which has happened many times. 561 00:30:40,100 --> 00:30:43,900 Bitcoins history is you know it's a reflecting to you know 562 00:30:43,900 --> 00:30:45,700 the failure of certain projects. Yes. 563 00:30:46,500 --> 00:30:49,300 And they're right in a sense and this is why we always say that 564 00:30:49,300 --> 00:30:52,000 the crypto industry gives a bad name to bitcoin, right? 565 00:30:52,000 --> 00:30:53,700 Yes dude. The shit coins. 566 00:30:53,700 --> 00:30:55,900 Some shit coins are going to go down and never recover. 567 00:30:56,000 --> 00:30:59,100 This is why you know bitcoiners Advocate Bitcoin not crypto 568 00:30:59,500 --> 00:31:05,000 anyways moving on and then it explains write the functions of 569 00:31:05,000 --> 00:31:08,900 money, right? Goes on to say in early history, 570 00:31:08,900 --> 00:31:11,200 bartering was common. Way for people to exchange goods 571 00:31:11,200 --> 00:31:13,500 and services bartering. However takes time because 572 00:31:13,500 --> 00:31:15,800 individuals need to find. Another person who is willing to 573 00:31:15,800 --> 00:31:17,400 trade, one physical, good or service. 574 00:31:17,400 --> 00:31:20,800 For another, the first money was in form of things like 575 00:31:20,800 --> 00:31:23,700 seashells, right, you guys have heard this before. 576 00:31:24,000 --> 00:31:26,600 And then it goes on to say, eventually institutions and 577 00:31:26,600 --> 00:31:29,700 faith in currencies particularly the US dollar became strong 578 00:31:29,700 --> 00:31:32,300 enough. That's piece was not needed to 579 00:31:32,400 --> 00:31:34,800 assured. Investors concerns about what 580 00:31:34,800 --> 00:31:36,800 was backing. The currency, this led to the 581 00:31:36,800 --> 00:31:39,900 creation adoption of fiat currency or currency issued by 582 00:31:40,100 --> 00:31:42,800 Government that is not redeemable Fiat. 583 00:31:42,800 --> 00:31:46,300 Currencies value is largely a function of the currency. 584 00:31:46,300 --> 00:31:49,600 Being the only instrument with which individuals can pay taxes, 585 00:31:49,600 --> 00:31:52,400 I think that's key there, right? The strength of the government's 586 00:31:52,400 --> 00:31:56,800 institutions such, as such as the legal system and Military 587 00:31:56,900 --> 00:32:00,400 and a shared social trust in the value of money itself. 588 00:32:01,300 --> 00:32:05,000 Interesting money and here here, you guys probably have heard 589 00:32:05,000 --> 00:32:08,400 this before, right? The Uniform Commercial Code, 590 00:32:08,500 --> 00:32:12,200 that's something that Governor DeSantis named yesterday they 591 00:32:12,200 --> 00:32:16,500 were using that to try to pass certain laws and regulations. 592 00:32:16,500 --> 00:32:18,900 So, it's interesting that we're hearing this wording. 593 00:32:18,900 --> 00:32:22,500 Once again, money is defined in the Uniform Commercial Code. 594 00:32:22,600 --> 00:32:25,800 Certain remember money as defined in the Uniform 595 00:32:25,800 --> 00:32:29,500 Commercial Code. Remember what DeSantis said in 596 00:32:29,500 --> 00:32:34,500 his speech, they were trying to change the definitions of what 597 00:32:34,500 --> 00:32:38,300 money was in the unified the commercial code in certain 598 00:32:38,300 --> 00:32:41,500 States, right? Sneaky sneaky. 599 00:32:42,100 --> 00:32:46,800 Anyways, so back to this and contrast here, the economic 600 00:32:46,800 --> 00:32:48,800 functions and common understanding of money are 601 00:32:48,800 --> 00:32:51,700 considered for a type of money to actually be useful in the 602 00:32:51,700 --> 00:32:54,600 economic sense, there must be wide agreement. 603 00:32:54,600 --> 00:32:57,100 About its value. Either, derived from assets, 604 00:32:57,100 --> 00:33:00,500 backing it, or from things like institutions and social, trust 605 00:33:00,700 --> 00:33:03,400 money, serves Three core functions as a medium of 606 00:33:03,400 --> 00:33:06,700 exchange, as a unit of account as a store of value. 607 00:33:06,700 --> 00:33:10,000 Well, I don't know about you guys, but the dollar has been a 608 00:33:10,008 --> 00:33:12,900 terrible store of value. Anyways, we're going to get back 609 00:33:12,900 --> 00:33:16,300 to more aspects of the report in the coming days. 610 00:33:16,300 --> 00:33:19,000 We didn't cover all of it, we tried to cover some of it as 611 00:33:19,000 --> 00:33:22,700 much as we had time to. But I want to give you guys the 612 00:33:22,700 --> 00:33:25,800 other side, right? So we're paying attention to 613 00:33:25,800 --> 00:33:27,500 what the federal government is doing. 614 00:33:27,600 --> 00:33:29,900 They've been giving us signs that they've been doing this 615 00:33:29,900 --> 00:33:32,500 over the last couple months over the last couple of months. 616 00:33:32,600 --> 00:33:34,600 Nick Carter did a great piece, right? 617 00:33:34,600 --> 00:33:39,100 You know, we had Caitlin Long on simply Bitcoin IRL a couple days 618 00:33:39,100 --> 00:33:42,100 ago to talk about It as well. So this does this shouldn't come 619 00:33:42,100 --> 00:33:44,600 as a surprise to you, but this is a little bit more. 620 00:33:44,600 --> 00:33:47,900 Surprising is the fight that some states are putting up, 621 00:33:48,000 --> 00:33:49,300 right? We covered on yesterday's 622 00:33:49,300 --> 00:33:52,200 episode, right? To Santa's coming on his Podium 623 00:33:52,200 --> 00:33:55,600 and saying, listen, you know, cbc's big brother. 624 00:33:55,600 --> 00:33:58,600 He's like, you know, he's labeling it and we had South 625 00:33:58,600 --> 00:34:01,300 Dakota. Governor Christine Christine ohm 626 00:34:03,100 --> 00:34:07,700 appeal or veto a law, a bill that was put on her desk. 627 00:34:08,199 --> 00:34:13,300 That was trying to change the definitions in the the in the 628 00:34:13,300 --> 00:34:16,400 commercial code that we just covered trying to change the 629 00:34:16,400 --> 00:34:19,100 definitions of what is money and what is not money. 630 00:34:19,400 --> 00:34:25,000 And if you pay attention to this report, they're relying on this 631 00:34:25,300 --> 00:34:28,199 a lot, right? Money as as defined in the 632 00:34:28,199 --> 00:34:31,800 Uniform Commercial Code, there the relying on that and a lot, 633 00:34:31,800 --> 00:34:33,300 right? So what they tried to do in 634 00:34:33,300 --> 00:34:36,600 South Dakota is that they try to change that definition. 635 00:34:37,199 --> 00:34:41,100 It was only Because she caught it that she vetoed the bill, and 636 00:34:41,100 --> 00:34:44,500 in South Dakota specifically, it would change the definition to 637 00:34:44,500 --> 00:34:47,900 allow Central Bank, digital currencies, and to explicitly 638 00:34:47,900 --> 00:34:52,300 say that currencies like Bitcoin and other shit coins are not 639 00:34:52,300 --> 00:34:56,000 currency right. Anyways, also in Texas, it's 640 00:34:56,000 --> 00:34:59,000 happening as well. This came out on the 21st. 641 00:34:59,100 --> 00:35:01,900 I want you guys to pay attention to the dates of these press 642 00:35:01,900 --> 00:35:05,900 releases whether it's Ron DeSantis or Ted Cruz, right? 643 00:35:05,900 --> 00:35:09,400 It's not a coincidence that they're all Coming out around 644 00:35:09,400 --> 00:35:12,600 the release of the economic report of the president. 645 00:35:12,700 --> 00:35:17,100 So let me read through some of the quotes that that some 646 00:35:17,100 --> 00:35:20,600 Senators had says the federal government has no authority to 647 00:35:20,600 --> 00:35:23,200 unilaterally establish a central bank currency. 648 00:35:23,200 --> 00:35:25,900 The bill goes a long way and making sure big government 649 00:35:25,900 --> 00:35:29,000 doesn't attempt to centralize or control cryptocurrency and 650 00:35:29,000 --> 00:35:32,200 instead allows it to try thrive in the United States we should 651 00:35:32,200 --> 00:35:35,300 be empowering entrepreneurs and enabling Innovation and 652 00:35:35,300 --> 00:35:39,200 increasing individual Freedom. Not stifling It Senator Braun 653 00:35:39,200 --> 00:35:41,900 says, allowing the government to centralize America's Financial 654 00:35:41,900 --> 00:35:43,800 information, increased surveillance of Americans. 655 00:35:43,800 --> 00:35:46,000 Financial activity is simply a bad idea. 656 00:35:46,000 --> 00:35:49,300 The federal government should not have even more control over 657 00:35:49,300 --> 00:35:51,000 your money. I support the legislation to 658 00:35:51,008 --> 00:35:53,500 allow entrepreneurs to prosper, and keep the federal government 659 00:35:53,500 --> 00:35:55,700 from further encroaching on your privacy rights. 660 00:35:55,800 --> 00:35:59,100 Senator Grassley, says quote, the American people ought to be 661 00:35:59,100 --> 00:36:01,400 able to spend their money, how they choose without the 662 00:36:01,400 --> 00:36:04,100 possibility, that every transaction could be tracked by 663 00:36:04,100 --> 00:36:06,900 the government policy. This impactful should be made by 664 00:36:06,900 --> 00:36:09,300 Congress. Not government bureaucrats. 665 00:36:09,400 --> 00:36:12,400 And our bill would will, in would ensure that no one is 666 00:36:12,400 --> 00:36:15,200 snooping on the finances of hardworking Americans. 667 00:36:15,300 --> 00:36:18,200 Every American deserves that peace of mind. 668 00:36:18,200 --> 00:36:21,200 So there's a battle going on. This is the separation of money 669 00:36:21,200 --> 00:36:23,300 and state we are little bit. We are witnessing it. 670 00:36:23,300 --> 00:36:26,200 We have front row seats and holy cow. 671 00:36:26,500 --> 00:36:28,800 I mean, bro. Opti I don't know, man. 672 00:36:28,800 --> 00:36:31,400 We've been covering this for a while now, dude. 673 00:36:31,400 --> 00:36:34,400 Like this does not surprise me whatsoever. 674 00:36:34,400 --> 00:36:37,700 Man. Like that like bro we've 675 00:36:37,800 --> 00:36:41,200 Uncovering, this the writing was on the wall for a while but I 676 00:36:41,200 --> 00:36:43,800 think this is a Smoking Gun. They came out and they said the 677 00:36:43,800 --> 00:36:46,500 quiet part out loud. Look, we don't like Bitcoin. 678 00:36:46,600 --> 00:36:49,900 We don't think Bitcoin is money. We advocate for Central Bank, 679 00:36:49,900 --> 00:36:52,900 digital currencies, Central Banking is good. 680 00:36:53,500 --> 00:36:56,500 Central Banking has done wonders, you know, Bitcoin is 681 00:36:56,500 --> 00:36:59,000 bad for the environment. Bitcoin is not good for 682 00:36:59,000 --> 00:37:02,100 inclusivity but I all those arguments I think they're 683 00:37:02,100 --> 00:37:03,300 bullshit. I think they're Miss 684 00:37:03,300 --> 00:37:05,100 representations. I think they're spin. 685 00:37:05,300 --> 00:37:09,100 I don't agree with them and and I would love for there to be an 686 00:37:09,100 --> 00:37:12,100 actual debate rather than this. Just this, you know, press 687 00:37:12,100 --> 00:37:15,100 release saying all the claiming all these things and without 688 00:37:15,100 --> 00:37:18,800 giving anybody the ability to rebuke it, man, this is crazy 689 00:37:18,800 --> 00:37:20,500 dude. And they're not playing Fair, 690 00:37:20,600 --> 00:37:23,200 that's why they denied Caitlin Long's banking Charter. 691 00:37:23,900 --> 00:37:27,600 That's Why They seized Signature Bank, man. 692 00:37:28,100 --> 00:37:31,300 This is crazy bro and I'm telling you this will continue 693 00:37:31,300 --> 00:37:33,200 to this. Will continue to heat up. 694 00:37:33,200 --> 00:37:35,300 But anyways Opti. What are your thoughts on all 695 00:37:35,300 --> 00:37:38,000 this bro? Well yeah, I was going to Kind 696 00:37:38,000 --> 00:37:41,600 of start where you ended that we've been over the mark for a 697 00:37:41,600 --> 00:37:45,400 long time on the show. And I think I've been kind of 698 00:37:45,400 --> 00:37:48,200 having this back and forth with myself recently. 699 00:37:49,000 --> 00:37:51,100 It's like the naive. Take that. 700 00:37:51,100 --> 00:37:53,300 Oh, we just need to educate these people better. 701 00:37:53,300 --> 00:37:55,400 You know, they need to understand Bitcoin better but I 702 00:37:55,400 --> 00:37:57,600 think it's becoming very obvious at the powers-that-be, 703 00:37:57,600 --> 00:38:01,200 understand what we understand understand and it's at those in 704 00:38:01,200 --> 00:38:04,000 power will lose that power by losing control of the money. 705 00:38:04,000 --> 00:38:06,600 And this is why they are being so adamant about fighting 706 00:38:06,600 --> 00:38:09,200 against Bitcoins. No, I don't think we can say 707 00:38:09,200 --> 00:38:11,400 that the politicians end up Central planners out there. 708 00:38:11,400 --> 00:38:14,400 Don't understand Bitcoin. Again, remember what Christine 709 00:38:14,400 --> 00:38:16,900 Lagarde said, if there's an escape valve, people will use 710 00:38:16,900 --> 00:38:19,800 it. So, you know, just the central 711 00:38:19,800 --> 00:38:22,200 planners are here to help guys like, yeah, right. 712 00:38:22,200 --> 00:38:25,700 You know, this the again I like how it's cloaked under the guise 713 00:38:25,700 --> 00:38:27,800 of, oh, it's for your protection citizens. 714 00:38:27,800 --> 00:38:33,600 Like it's pure projection and you know, the White House and 715 00:38:33,600 --> 00:38:36,100 the B Administration are completely terrified. 716 00:38:36,300 --> 00:38:38,900 This is financial Airfare right now. 717 00:38:39,100 --> 00:38:43,500 What did CJ said when he came on the TTL World War 3 will be a 718 00:38:43,500 --> 00:38:46,400 financial war and this we're in the midst of it. 719 00:38:46,400 --> 00:38:49,800 You know we've been saying for a minute that this is the then 720 00:38:49,800 --> 00:38:52,500 they fight you stage. I think it's becoming very 721 00:38:52,500 --> 00:38:55,600 obvious that we are in the very early stages of then they fight 722 00:38:55,600 --> 00:39:00,500 you because they blew up the system and they know it and we 723 00:39:00,500 --> 00:39:03,800 know it and the information that's coming out the last week 724 00:39:04,000 --> 00:39:07,100 is further proof that they've known about this for over a 725 00:39:07,100 --> 00:39:09,300 year. They This exact scenario is 726 00:39:09,300 --> 00:39:12,100 going to play out and now they are just trying to do whatever 727 00:39:12,100 --> 00:39:16,400 they can to stop the waterfall from exploding right now, which 728 00:39:16,400 --> 00:39:19,200 is Bitcoin. So, you know, they blew up the 729 00:39:19,200 --> 00:39:22,900 system and in 2008 when they blew up the system, the last 730 00:39:22,900 --> 00:39:25,500 time we had no choice but to bite the bullet and deal with 731 00:39:25,500 --> 00:39:28,800 the Great Recession. But now we have Bitcoin during 732 00:39:28,800 --> 00:39:31,400 this financial crisis. We don't have to do that. 733 00:39:31,400 --> 00:39:34,600 You just opt out. Take your your wealth and put it 734 00:39:34,600 --> 00:39:37,600 in a Bitcoin, take it into self custody, you know, it's very 735 00:39:37,700 --> 00:39:41,100 Very simple. We try to get that point across 736 00:39:41,100 --> 00:39:44,300 to everyone. Like, you don't have to partake 737 00:39:44,300 --> 00:39:47,100 in the political schadenfraude, like, you don't have to partake 738 00:39:47,100 --> 00:39:50,200 in the games, the bread and circuses, all you really need to 739 00:39:50,200 --> 00:39:53,900 do is opt-out saving Bitcoin, provide valid your fellow man, 740 00:39:54,000 --> 00:39:57,100 level up your skills, you know, just download a blue wall it on 741 00:39:57,100 --> 00:39:59,500 your phone. I am almost positive. 742 00:39:59,500 --> 00:40:02,700 It's going to be a lot safer than the money in your bank 743 00:40:02,700 --> 00:40:06,000 account and then just repeat the process, like, take your money 744 00:40:06,000 --> 00:40:09,100 out of the banks. And again, like kind of what 745 00:40:09,100 --> 00:40:11,900 Nico is saying at the very end when he brought up the receipts 746 00:40:11,900 --> 00:40:15,100 of all the states, like the most important things that you could 747 00:40:15,100 --> 00:40:17,900 be doing right now, and we've been saying this for a while is 748 00:40:17,900 --> 00:40:20,100 vote with your money and vote with your feet. 749 00:40:20,100 --> 00:40:22,500 So, take Bitcoin into self custody. 750 00:40:22,800 --> 00:40:26,100 And then, at least, at the very least, potentially thinking 751 00:40:26,100 --> 00:40:28,900 about, moving to Friendly Bitcoin jurisdictions. 752 00:40:28,900 --> 00:40:34,100 Because we are seeing right now, is that the beauty of the United 753 00:40:34,100 --> 00:40:37,900 States is playing out that states have power and And the 754 00:40:37,900 --> 00:40:40,700 FED cannot supersede that. And so, again, just vote with 755 00:40:40,700 --> 00:40:43,300 your money and but with your feet, like, Bitcoin fixes this 756 00:40:43,400 --> 00:40:46,800 that you like what did I say last week or two weeks ago, like 757 00:40:46,900 --> 00:40:50,100 Boomers writing pieces of paper, telling us what to do and what 758 00:40:50,100 --> 00:40:51,200 not to do like? Yeah. 759 00:40:51,200 --> 00:40:55,500 That work for a long, long time, but now, all you have to do is 760 00:40:55,500 --> 00:40:58,300 run the software. Run, the Bitcoin code run, a 761 00:40:58,300 --> 00:41:01,600 node and opt out of this stuff like you, you have a choice. 762 00:41:01,600 --> 00:41:05,000 Now, we have a choice, we have a solution to the problem and it 763 00:41:05,000 --> 00:41:07,500 is Bitcoin. It is very clear that Bitcoin is 764 00:41:07,500 --> 00:41:10,500 this Solution to this or else. We're just going to recreate 765 00:41:10,500 --> 00:41:12,100 everything over and over and over again. 766 00:41:12,100 --> 00:41:14,500 If you're not taking your Bitcoin into self custody and 767 00:41:14,500 --> 00:41:18,200 running a note, like we already know how this ends gold failed 768 00:41:18,200 --> 00:41:20,500 because of this very reason. Bitcoin is an improvement on 769 00:41:20,500 --> 00:41:23,000 this. We have the tools today, guys. 770 00:41:23,000 --> 00:41:25,100 Like you don't have to partake in the circus. 771 00:41:25,500 --> 00:41:26,600 Amen. Amen. 772 00:41:26,600 --> 00:41:28,400 Chico, what are your thoughts on this, bro? 773 00:41:30,900 --> 00:41:35,000 I mean we are at War I think it's a different kind of work 774 00:41:35,000 --> 00:41:39,500 but at least my opinion I think provision is coming especially 775 00:41:39,500 --> 00:41:40,600 here in Europe. I think. 776 00:41:41,500 --> 00:41:45,300 Unfortunately that's that's the step that they're going to take 777 00:41:45,300 --> 00:41:50,300 and yeah the the best thing that we can do is exit the system. 778 00:41:50,800 --> 00:41:54,700 Stacking sets and making sure we will lose them in a boating 779 00:41:54,700 --> 00:41:58,100 accident afterwards. In case the government, in case, 780 00:41:58,100 --> 00:42:01,000 the government's comes Comes to to our place. 781 00:42:01,800 --> 00:42:05,500 But yeah, it's going to be it's going to be a tough battle but I 782 00:42:05,508 --> 00:42:08,400 think it's going to be worth it for sure. 100%. 783 00:42:08,400 --> 00:42:11,700 In this is a this is a peaceful Warriors, not kinetic. 784 00:42:11,700 --> 00:42:13,800 All you got to do to participate, you got to be a 785 00:42:13,808 --> 00:42:18,100 soldier, very simple, buy Bitcoin, earn Bitcoins Bitcoin, 786 00:42:18,400 --> 00:42:20,700 and take that said, Bitcoin into self custody. 787 00:42:20,700 --> 00:42:22,100 That's it. That's what we got to do. 788 00:42:22,200 --> 00:42:25,300 As we got to do to win, and Chico said, something really 789 00:42:25,300 --> 00:42:27,600 interesting. Said, losing you know, losing 790 00:42:27,600 --> 00:42:30,100 your Bitcoin Automotive. Accident. 791 00:42:30,100 --> 00:42:31,800 Well, I got good news for you guys. 792 00:42:32,000 --> 00:42:36,000 If you store your seed on steel, especially the bit plates, 793 00:42:36,000 --> 00:42:40,200 Domino made from highly corrosion-resistant 316 marine 794 00:42:40,200 --> 00:42:42,300 grade stainless steel and offering, the ultimate 795 00:42:42,300 --> 00:42:44,700 protection against extremes of temperatures. 796 00:42:45,200 --> 00:42:50,000 Your seed will be okay if it falls into the sea 10% off all 797 00:42:50,000 --> 00:42:53,800 bit plate products using promo. Code simply go to bit plates.com 798 00:42:54,100 --> 00:42:56,800 for more information. Anyways guys, we're going to 799 00:42:56,808 --> 00:42:58,900 stay on top of it. We're going to keep covering. 800 00:42:59,900 --> 00:43:03,500 This economic report by the White House, we're only to cover 801 00:43:03,500 --> 00:43:05,100 up. We were only able to cover a 802 00:43:05,100 --> 00:43:08,100 little bit of it today. It's 20 pages, so we'll get back 803 00:43:08,100 --> 00:43:10,300 to it tomorrow. But first, let's get to the 804 00:43:10,300 --> 00:43:11,400 culture. Let's do it. 805 00:43:14,600 --> 00:43:20,000 The daily culture brought to you by Swan Bitcoin.com, Swan is the 806 00:43:20,000 --> 00:43:23,300 best way to build your Bitcoin stack with automated Bitcoin 807 00:43:23,300 --> 00:43:27,000 savings plans and instant purchases serving clients of any 808 00:43:27,000 --> 00:43:30,300 size from ten dollars to ten million dollars. 809 00:43:30,300 --> 00:43:33,700 We love Swan because they incentivize self custody and 810 00:43:33,700 --> 00:43:36,300 dollar cost averaging. What are you waiting for? 811 00:43:36,300 --> 00:43:40,900 Visit Swan Bitcoin.com today. 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No taxes Swan offers both 815 00:43:49,300 --> 00:43:51,300 traditional and Roth options to best. 816 00:43:51,300 --> 00:43:53,900 Fit your needs, create your IRA and start adding Bitcoin in less 817 00:43:53,900 --> 00:43:56,800 than one minute transfers and rollovers are available swans. 818 00:43:56,800 --> 00:44:00,300 Bitcoin experts will get you set up with no transfer fees and no 819 00:44:00,300 --> 00:44:04,000 minimum balance requirements, this is real Bitcoin non ETF or 820 00:44:04,000 --> 00:44:06,500 other derivative get the real thing and get it at Swan. 821 00:44:06,500 --> 00:44:10,100 Go to Swan.com era for more details and of course you could 822 00:44:10,100 --> 00:44:13,800 always send me a Twitter DM, if you have Any questions Opti? 823 00:44:13,800 --> 00:44:16,100 It's all yours. Let's go. 824 00:44:16,100 --> 00:44:18,200 All right. Well, first and foremost, I do 825 00:44:18,200 --> 00:44:20,600 have some tweets up here. But Elaine, I really like this 826 00:44:20,600 --> 00:44:23,200 comment right here. Considering what we just covered 827 00:44:23,200 --> 00:44:25,500 in the news. I think it's important to 828 00:44:25,500 --> 00:44:27,100 highlight this. We are fighting for the future 829 00:44:27,100 --> 00:44:31,200 of humankind, like this is why bitcoiners do what we do is 830 00:44:31,200 --> 00:44:35,000 because we understand that the Fiat system is stolen everything 831 00:44:35,000 --> 00:44:38,600 from us and they've stolen the future to pay for the for today. 832 00:44:39,000 --> 00:44:43,100 And the only way to really fight back is to take bit And into 833 00:44:43,100 --> 00:44:46,500 South custody. Anyways, I got a few tweets here 834 00:44:47,000 --> 00:44:50,300 and again, this is just something that I've been trying 835 00:44:50,300 --> 00:44:54,100 to say for a while on the show. But we've had so many guests and 836 00:44:54,100 --> 00:44:57,900 I couldn't find our guest Twitter account this morning, so 837 00:44:57,900 --> 00:45:01,800 I'm going to do it today. But anyways, I'm going to use 838 00:45:01,800 --> 00:45:04,400 our friends tweets to do just a little jump off point. 839 00:45:04,400 --> 00:45:07,700 And it's back to the idea that the Fiat system is fundamentally 840 00:45:07,700 --> 00:45:10,800 broken guys. And again, I've been referencing 841 00:45:10,800 --> 00:45:12,500 The Big Short. I'm the cliche. 842 00:45:12,700 --> 00:45:14,900 A Bitcoin, a referencing, The Big Short right now. 843 00:45:15,000 --> 00:45:18,300 And I'm just keep getting reminded of the stevecarroll 844 00:45:18,700 --> 00:45:21,700 scene where he's like, everyone is walking around. 845 00:45:21,700 --> 00:45:24,400 Like it's an end your video and not understanding what is going 846 00:45:24,400 --> 00:45:26,700 on and I Le Han do right here on Twitter Alejandro. 847 00:45:26,700 --> 00:45:29,700 BTC goes, most people I know have absolutely no idea what's 848 00:45:29,700 --> 00:45:33,700 going on and this is something that I'm seeing in my daily life 849 00:45:33,700 --> 00:45:35,700 as well. I keep looking around and, and, 850 00:45:35,800 --> 00:45:38,900 and just wondering to myself how many people understand what is 851 00:45:38,900 --> 00:45:42,100 going on. And I think it is very far and 852 00:45:42,100 --> 00:45:44,700 few in between In. But bitcoiners you guys out 853 00:45:44,700 --> 00:45:49,400 there have the answers and it's becoming more and more important 854 00:45:49,400 --> 00:45:52,700 that we are kind of just doubling down on being the 855 00:45:52,700 --> 00:45:55,900 annoying bitcoiners and again using other people's tweets. 856 00:45:55,900 --> 00:45:58,200 As a jump-off point. We have Eric case on you guys 857 00:45:58,700 --> 00:46:01,100 and quotes, I don't really get money or how all this stock 858 00:46:01,100 --> 00:46:03,100 stuff works. I am almost convinced that this 859 00:46:03,100 --> 00:46:04,600 is what everyone's saying right now. 860 00:46:04,600 --> 00:46:08,600 You know, everyone's waiting for the for the FED meeting today. 861 00:46:08,600 --> 00:46:10,300 Wondering what they're going to do with the money supply. 862 00:46:10,300 --> 00:46:12,500 They're probably wondering what happened with the banks over. 863 00:46:12,600 --> 00:46:15,500 The last couple of weeks, they probably don't even remember 864 00:46:15,500 --> 00:46:17,900 what happened with the GameStop anymore, because we're just 865 00:46:17,900 --> 00:46:21,800 bombarded with so much noise. Anyways, Eric case on goes on to 866 00:46:21,800 --> 00:46:25,400 say, I know and that's why you are broke with no way out you 867 00:46:25,400 --> 00:46:27,600 think that if you play by the rules and make the right move, 868 00:46:27,600 --> 00:46:29,700 you'll be okay. But the truth is, the guys who 869 00:46:29,700 --> 00:46:32,900 run this game, don't play by the rules and never did. 870 00:46:33,100 --> 00:46:37,500 If anything comes out of the 2023 financial crisis that we 871 00:46:37,500 --> 00:46:40,800 are currently seeing it, is that the powers that be have 872 00:46:40,800 --> 00:46:44,600 completely rigged against again. Game against you and they know 873 00:46:44,600 --> 00:46:46,400 it. What's the what's the saying? 874 00:46:46,900 --> 00:46:49,500 They know they're lying. We know they're lying and yet 875 00:46:49,500 --> 00:46:52,200 they continue to lie as we can see. 876 00:46:52,300 --> 00:46:54,000 The banks are completely insolvent. 877 00:46:54,000 --> 00:46:56,800 If you take one thing away from today's show is the banks are 878 00:46:56,800 --> 00:46:59,000 completely insolvent. The Fiat system is completely 879 00:46:59,000 --> 00:47:02,000 insolvent. It is basically fraud, 880 00:47:02,000 --> 00:47:06,800 perpetuated, with laws and this is the status quo, but you don't 881 00:47:06,800 --> 00:47:09,300 have to partake in this madness yet. 882 00:47:09,300 --> 00:47:11,800 I understand human psychology. And I understand that people 883 00:47:11,800 --> 00:47:15,900 will have to feel The pain before they wake up and again 884 00:47:16,400 --> 00:47:18,900 stiff stuff on the bear on Twitter goes you can keep on 885 00:47:18,900 --> 00:47:21,600 playing make believe in the fictional Reserve banking system 886 00:47:21,600 --> 00:47:23,900 or you can join the grown-ups in the Bitcoin system. 887 00:47:23,900 --> 00:47:27,500 It's fully reserved open and nobody but users control it and 888 00:47:27,500 --> 00:47:29,700 this is the Crux of the situation. 889 00:47:29,900 --> 00:47:33,600 What do we say in the news and the numbers neutral money that 890 00:47:33,600 --> 00:47:36,700 no one controls? This is the future of Bitcoin. 891 00:47:36,800 --> 00:47:40,000 It is where the real grown-ups are playing and it kind of goes 892 00:47:40,000 --> 00:47:42,400 back to what I keep telling you guys every single day. 893 00:47:42,700 --> 00:47:45,400 It's in the culture or whether it is on Twitter spaces, 894 00:47:45,900 --> 00:47:49,800 bitcoiners have the solutions to the world's problems and it's 895 00:47:49,800 --> 00:47:52,200 becoming more and more clear that we are, right? 896 00:47:52,200 --> 00:47:54,400 They are wrong. They know that we are right and 897 00:47:54,400 --> 00:47:56,300 they know that they're wrong yet. 898 00:47:56,400 --> 00:47:59,200 What do they have? They have a trillion-dollar 899 00:47:59,200 --> 00:48:02,800 psyop campaign against the average day, everyday person, 900 00:48:03,000 --> 00:48:05,900 anyways, doubling rope. But it's true though, like its 901 00:48:05,900 --> 00:48:07,900 true. Like I'm I used to think I was 902 00:48:07,900 --> 00:48:10,800 wearing a tinfoil hat when I when I said that now, I bet 903 00:48:10,800 --> 00:48:12,400 elaborate elaborate a little bit more. 904 00:48:12,600 --> 00:48:14,900 What do you mean by that? Opti like what is this PSI up? 905 00:48:15,200 --> 00:48:18,900 The siop is that the paper money you are using is real. 906 00:48:18,900 --> 00:48:21,400 It is not debt. And furthermore, what did we 907 00:48:21,400 --> 00:48:23,300 just see from the Biden Administration? 908 00:48:23,600 --> 00:48:27,500 They literally dropped a whole report to try to Gaslight you 909 00:48:27,500 --> 00:48:29,400 and tell you not to hold Bitcoin. 910 00:48:29,500 --> 00:48:32,300 Like they know what's going on? I'm fully convinced. 911 00:48:32,300 --> 00:48:34,000 They are, they are aware of what's going on. 912 00:48:34,000 --> 00:48:37,300 But I am convinced that the reason they are able to double 913 00:48:37,300 --> 00:48:39,700 down on this is because the average person is still asleep 914 00:48:39,700 --> 00:48:42,500 at the wheel and this is why it is so important. 915 00:48:42,600 --> 00:48:45,700 Continue to spread the Bitcoin signal whether it's through 916 00:48:45,700 --> 00:48:48,400 humor, whether it's through logic and facts. 917 00:48:48,400 --> 00:48:51,100 Whether it's just through heartwarming stories, it is 918 00:48:51,100 --> 00:48:54,600 becoming very obvious that we need Bitcoin. 919 00:48:54,600 --> 00:48:58,000 And this is where I bring in this thread by coin, junkie on 920 00:48:58,000 --> 00:49:00,900 Twitter. And this is I think where we're 921 00:49:00,900 --> 00:49:03,500 at right now. We're at a fork in the road, I 922 00:49:03,500 --> 00:49:07,400 would say and I think he lays it out very well in this study, 923 00:49:07,400 --> 00:49:09,400 because people are going to buy Bitcoin because it is 924 00:49:09,400 --> 00:49:13,900 predictable, people like to rely on cam All information the fed, 925 00:49:13,900 --> 00:49:15,800 and these other central banks are anything. 926 00:49:15,800 --> 00:49:18,100 But predictable, as we are seeing today in the Federal 927 00:49:18,100 --> 00:49:21,200 Reserve, meaning everyone's waiting what, you know, with 928 00:49:21,200 --> 00:49:24,400 their hands under their butts wondering what they're going to 929 00:49:24,400 --> 00:49:27,400 do, biting their nails. Because everyone's feels like 930 00:49:27,400 --> 00:49:29,500 the world's about to blow up. The banking system about to blow 931 00:49:29,500 --> 00:49:31,800 up, we'll see what happens. Anyways, as much as they tried 932 00:49:31,800 --> 00:49:34,000 to sell that they are predictable. 933 00:49:34,000 --> 00:49:37,200 They are no more predictable than all of these shit coins. 934 00:49:37,200 --> 00:49:39,900 So, you know, people who don't own Bitcoin will laugh at the 935 00:49:39,900 --> 00:49:42,900 idea that Bitcoin is the solution and those Do on 936 00:49:42,900 --> 00:49:45,100 bitcoin. Will laugh at the people that 937 00:49:45,100 --> 00:49:48,000 clearly just don't get it. So we will all be laughing. 938 00:49:48,200 --> 00:49:52,000 Will be laughing into the bright orange future but you cannot 939 00:49:52,000 --> 00:49:54,300 build a future without predictable money a neutral 940 00:49:54,300 --> 00:49:55,900 money. That no one controls are. 941 00:49:55,900 --> 00:49:57,800 Our whole economy is slow down right now. 942 00:49:57,800 --> 00:50:00,900 Waiting for the FED to give us a clear Direction and they simply 943 00:50:00,900 --> 00:50:04,800 have no idea ability to do so. Bitcoin is that path forward 944 00:50:04,800 --> 00:50:07,300 guys. Otherwise it is Idle laziness 945 00:50:07,300 --> 00:50:10,400 and low production and this is where we are right now. 946 00:50:10,400 --> 00:50:12,400 And remember the Jack mahler's video that we played? 947 00:50:12,600 --> 00:50:16,400 Yesterday, absolutely pure signal from Jack mahler's. 948 00:50:16,400 --> 00:50:19,800 And he did a tweet thread on it today. 949 00:50:19,800 --> 00:50:22,900 Or last night, I forget exactly which one and it goes, the FED 950 00:50:22,900 --> 00:50:25,700 told US inflation was transitory the FED, told us there would be 951 00:50:25,700 --> 00:50:28,200 a soft Landing. Now, the FED is going to fix a 952 00:50:28,200 --> 00:50:30,200 financial crisis by pretending low price. 953 00:50:30,200 --> 00:50:31,600 Bonds are worth more than they are. 954 00:50:31,600 --> 00:50:39,400 No thing I prefer software and math that I don't So it seems 955 00:50:39,400 --> 00:50:43,100 like we lost Opti guys, show The Show Must Go On. 956 00:50:43,200 --> 00:50:45,500 Show Must Go On. Seems like his internet dropped 957 00:50:45,500 --> 00:50:47,400 out. No, he's back. 958 00:50:47,400 --> 00:50:51,800 He's got oh, oh good, I'm good. Okay, keep rolling. 959 00:50:51,800 --> 00:50:54,800 Keep it all in, bro. All right, I was on my last two 960 00:50:54,800 --> 00:50:58,800 threads are two tweets guys. The Bitcoin monetary Supply is 961 00:50:58,800 --> 00:51:00,500 the most stable money in the world. 962 00:51:00,500 --> 00:51:04,200 We already know what the total supply of Bitcoin will be, and 963 00:51:04,200 --> 00:51:06,400 it is because you guys run the the code. 964 00:51:06,400 --> 00:51:08,400 You guys run your node. You guys are taking Bitcoin in 965 00:51:08,400 --> 00:51:13,000 the Custer, you've opted out of the madness and I just had to 966 00:51:13,008 --> 00:51:16,500 throw one of my memes in here because it is becoming very, 967 00:51:16,500 --> 00:51:19,100 very clear that bitcoiners were right. 968 00:51:19,200 --> 00:51:23,500 And so we have just a standard. Whoa, Jack bell curve meme. 969 00:51:24,300 --> 00:51:25,800 We have the left side of the bell curve. 970 00:51:25,800 --> 00:51:28,700 Bitcoin standard is the only way we have the right side of the 971 00:51:28,700 --> 00:51:32,000 bell curve Bitcoin standard is the only way and we have the 972 00:51:32,000 --> 00:51:33,400 Midway to oh my God. Bitcoin. 973 00:51:33,400 --> 00:51:37,100 Maxis were right guys. Act like we are right act? 974 00:51:37,100 --> 00:51:40,400 Like we have the solutions because we We do and in the face 975 00:51:40,400 --> 00:51:43,100 of everything going on, I think it's becoming more and more 976 00:51:43,100 --> 00:51:47,600 important to realize that the solution is Bitcoin, and I think 977 00:51:47,600 --> 00:51:51,400 tomorrow Nico depending on something else crazy comes up. 978 00:51:51,400 --> 00:51:54,400 I might cover the Balaji tweet thread because I think it kind 979 00:51:54,400 --> 00:51:56,800 of lays out stuff pretty pretty good, even though it is coming 980 00:51:56,800 --> 00:51:59,900 from a shit corner, I think it's very interesting right now that 981 00:51:59,900 --> 00:52:02,800 a lot of people are trying to Orange wash the past and 982 00:52:02,800 --> 00:52:05,200 realizing that Bitcoin is our right Bitcoin. 983 00:52:05,200 --> 00:52:07,800 Maxis are right. One money will win this great 984 00:52:07,800 --> 00:52:10,700 transition and It is Bitcoin. Anyways. 985 00:52:10,700 --> 00:52:11,500 Yeah. CB Coupe. 986 00:52:11,500 --> 00:52:15,100 My McDonald wi-fi is acting up. I'll have to move my shut up 987 00:52:15,100 --> 00:52:16,700 again. I'll have to move my setup 988 00:52:16,700 --> 00:52:23,100 again. Sorry, I would just like to 989 00:52:23,800 --> 00:52:28,000 basically add that I have a finance /, economics background 990 00:52:28,000 --> 00:52:32,200 and for his people is really really hard like to swallow the 991 00:52:32,200 --> 00:52:36,300 frog that basically everything that we've learned on uni is 992 00:52:36,300 --> 00:52:38,500 wrong, you know. And I think that's like the 993 00:52:38,500 --> 00:52:42,700 major reason why these people specially like we're related to 994 00:52:42,700 --> 00:52:48,100 Wall Street are like so hard to be convinced regarding like why 995 00:52:48,100 --> 00:52:50,600 Bitcoin makes sense. It's literally a matrix. 996 00:52:50,800 --> 00:52:53,000 Experience that of have went through. 997 00:52:53,400 --> 00:52:57,900 So I think, you know, in order to get out of, in order to get 998 00:52:57,900 --> 00:53:00,800 out of a prison, you need to to know that you're in one, right? 999 00:53:00,800 --> 00:53:04,300 There's this famous quote and I think that it fits really like 1000 00:53:04,300 --> 00:53:09,000 the the perspective from from these guys in namely in Wall 1001 00:53:09,000 --> 00:53:14,200 Street. Yeah. 100% 100%. 1002 00:53:15,700 --> 00:53:18,600 Oh man my blood. My blood is still, my blood is 1003 00:53:18,600 --> 00:53:20,900 still boiling, my blood is still boiling bro. 1004 00:53:23,000 --> 00:53:24,800 Boy. Oh boy, did we have a fight? 1005 00:53:24,800 --> 00:53:27,000 But remember, guys, not your keys, your Bitcoin. 1006 00:53:27,100 --> 00:53:28,800 Anyways, everybody, let's get to the meat of you. 1007 00:53:28,800 --> 00:53:35,200 Let's do it. The daily meme review brought to 1008 00:53:35,208 --> 00:53:37,400 you by Kaboom racks. I get this question all the 1009 00:53:37,400 --> 00:53:38,200 time. Nico. 1010 00:53:38,200 --> 00:53:41,200 Where should I buy Bitcoin? Miners to answer is Kaboom 1011 00:53:41,200 --> 00:53:43,200 racks. It's the best place to buy 1012 00:53:43,200 --> 00:53:44,800 Bitcoin miners. That's where you're going to 1013 00:53:44,808 --> 00:53:48,000 find the best deals and the best prices start. 1014 00:53:48,000 --> 00:53:50,700 Your mining Utopia today to check out their racks. 1015 00:53:50,700 --> 00:53:53,800 You got to go to T dot me, slash Kaboom racks. 1016 00:53:53,800 --> 00:53:57,400 Join their telegram group and start your mining Journey today. 1017 00:53:57,400 --> 00:54:00,600 Kaboom racks. All right, guys, you already 1018 00:54:00,600 --> 00:54:03,500 know. Know what I say every single day 1019 00:54:03,700 --> 00:54:07,100 and it's becoming more and more obvious that this is the truth. 1020 00:54:07,100 --> 00:54:11,700 You are in an information War. Right now you need to understand 1021 00:54:11,700 --> 00:54:14,800 what is the signal and what is the noise and hold onto that 1022 00:54:14,800 --> 00:54:17,500 signal. And that signal is Bitcoin, that 1023 00:54:17,500 --> 00:54:20,400 signal is all your friends on bitcoin Twitter, continuously 1024 00:54:20,400 --> 00:54:23,900 ridiculing. The powers that be putting truth 1025 00:54:23,900 --> 00:54:26,500 in art and spreading that Bitcoin signal getting the cause 1026 00:54:26,500 --> 00:54:29,100 of actions out there. Because tweets are the bullets 1027 00:54:29,100 --> 00:54:32,900 memes are the artillery we are. In an information war, and it's 1028 00:54:32,900 --> 00:54:34,900 never been more obvious at the powers-that-be. 1029 00:54:34,900 --> 00:54:37,500 Do not want you holding Bitcoin. So what are we going to do? 1030 00:54:38,300 --> 00:54:39,900 We're going to make memes and hold Bitcoin. 1031 00:54:39,900 --> 00:54:43,500 This is the way and this is the path forward boys and girls, 1032 00:54:43,500 --> 00:54:49,100 anyways, Becca hit me up yesterday on the YouTube stream 1033 00:54:49,500 --> 00:54:53,800 and she said I was LARPing on my picking of my memes and I didn't 1034 00:54:53,800 --> 00:54:55,400 see your meme, but you tagged me. 1035 00:54:56,000 --> 00:54:57,900 And so we're bringing it on today. 1036 00:54:58,400 --> 00:54:59,900 So this is Ghost of Becca. She goes. 1037 00:54:59,900 --> 00:55:03,500 Good morning hashtag Bitcoin and we got the classic. 1038 00:55:03,500 --> 00:55:07,500 Whoa, Jack sitting in a room they don't know Meme but now we 1039 00:55:07,500 --> 00:55:10,400 got Janet yellen's head on top of it and it goes, they don't 1040 00:55:10,400 --> 00:55:13,100 even care that we're going to print trillions of more dollars. 1041 00:55:13,100 --> 00:55:16,200 And it's a bunch of bitcoiners goes 20, 1 million limited 1042 00:55:16,200 --> 00:55:19,700 Supply Tick Tock, next block rules without rulers barrage. 1043 00:55:20,900 --> 00:55:21,900 Shout out the back. Okay. 1044 00:55:21,900 --> 00:55:26,400 There's next one is by at slac Goomba and hey, dude, I felt 1045 00:55:26,400 --> 00:55:29,000 this one because I literally I've been doing this the last 1046 00:55:29,000 --> 00:55:32,400 couple of days so we got a Lord of the Rings Meme here and he 1047 00:55:32,408 --> 00:55:37,000 goes after every single Bank Run and then we got, I forget who 1048 00:55:37,000 --> 00:55:41,500 this is. So maybe maybe Chico can can 1049 00:55:41,700 --> 00:55:44,500 help me out on exactly what characters are this is but he 1050 00:55:44,500 --> 00:55:45,900 goes after all. Why not? 1051 00:55:46,000 --> 00:55:49,300 Why shouldn't I watch it? And he's looking at the meme are 1052 00:55:49,300 --> 00:55:52,700 the Lord of the Rings ring and if you zoom in it is the big 1053 00:55:52,700 --> 00:55:55,400 Shore after all. Why shouldn't we be watching The 1054 00:55:55,400 --> 00:55:57,700 Big Short again and again after every single bank run? 1055 00:55:57,700 --> 00:56:00,000 Because it's almost like it's telling us exactly what's 1056 00:56:00,000 --> 00:56:03,600 happening just a different way. Anyways, this next one is by at 1057 00:56:03,600 --> 00:56:06,400 empty underscore Banks and they just guys good morning and I 1058 00:56:06,400 --> 00:56:10,200 really, really for some reason like these Good Will Hunting 1059 00:56:10,200 --> 00:56:11,700 memes. I don't know, they hit me 1060 00:56:11,700 --> 00:56:14,100 different. Anyways, we got Matt Damon with 1061 00:56:14,100 --> 00:56:16,700 the in that classic scene. Scene with the with the Yuppie 1062 00:56:16,700 --> 00:56:21,400 guy with a ponytail and he goes one day, you'll wake up stack 1063 00:56:21,400 --> 00:56:23,900 some Bitcoin and start doing some thinking on your own and 1064 00:56:23,900 --> 00:56:27,500 come to two certainties in life. One don't fuck with people's 1065 00:56:27,500 --> 00:56:30,900 money and to definitely don't fuck with people's trust. 1066 00:56:31,100 --> 00:56:34,300 This is literally where we are right now in the movie, boys and 1067 00:56:34,300 --> 00:56:36,100 girls. They have messed with our money 1068 00:56:36,100 --> 00:56:39,900 and they have completely annihilated our trust and yet, 1069 00:56:40,200 --> 00:56:42,700 some people still trust them. I don't get it couldn't be me. 1070 00:56:42,800 --> 00:56:45,100 Can't relate anyways. This next one is by at Maxie's. 1071 00:56:45,500 --> 00:56:49,300 And it goes 342 mood and it's a big corner. 1072 00:56:49,600 --> 00:56:52,400 It looks like a little baby bit corner and innocent Bitcoin. 1073 00:56:52,400 --> 00:56:54,400 ER and it goes my only two moods. 1074 00:56:54,400 --> 00:56:57,200 We got the angel on one side. Having Bitcoin, you can protect 1075 00:56:57,200 --> 00:56:59,700 yourself from the eminent Global Financial disaster. 1076 00:56:59,900 --> 00:57:02,400 And then the devil Bitcoin are on the other shoulder goes have 1077 00:57:02,400 --> 00:57:05,400 fun, staying poor Lowell. This is where we are right now. 1078 00:57:05,400 --> 00:57:07,600 Everyone probably feels the same way. 1079 00:57:07,600 --> 00:57:10,200 We do have some sense of compassion over here as Bitcoin 1080 00:57:10,200 --> 00:57:12,700 Maxis. We have the solution and yet 1081 00:57:12,700 --> 00:57:18,000 sometimes we just get we we just get our patients tried and we 1082 00:57:18,000 --> 00:57:20,300 just hit you with a strong meme. Anyway, this next one, is by 1083 00:57:20,300 --> 00:57:23,500 coin Bureau and it goes big day for Jerome today, bigger day for 1084 00:57:23,500 --> 00:57:26,900 Bitcoin and we got the classic superhero, pressing buttons, 1085 00:57:26,900 --> 00:57:29,500 dilemma Meme. And on the left side, it goes 1086 00:57:29,500 --> 00:57:32,700 another bailout Bitcoin moons. And on the other side, let the 1087 00:57:32,708 --> 00:57:35,600 system collapse Bitcoin moons and we got Jerome. 1088 00:57:35,600 --> 00:57:38,400 Powell's face sweating Jerome's dilemma right now. 1089 00:57:38,400 --> 00:57:42,100 Which button do I do? We shall see in about, I don't 1090 00:57:42,100 --> 00:57:45,100 know, an hour or so, what they do. 1091 00:57:45,400 --> 00:57:50,000 And which way we go in this fork in the road so interesting. 1092 00:57:50,000 --> 00:57:53,600 Interesting interesting. This next one it's not so much a 1093 00:57:53,600 --> 00:57:57,200 meme as it is a chart but shouts out to at Morpheus underscore 1094 00:57:57,200 --> 00:58:00,500 BTC and he goes even Goldman is saying Bitcoin is the best 1095 00:58:00,500 --> 00:58:02,700 performing acid. Are you still stacking or are 1096 00:58:02,700 --> 00:58:05,600 you still in the Fiat Matrix wake up? 1097 00:58:05,600 --> 00:58:10,600 And you can see over here, we have this chart you know we have 1098 00:58:10,600 --> 00:58:13,700 some some data in from Goldman Sachs and it goes on the top 1099 00:58:13,700 --> 00:58:17,000 market performance here today. Absolute and risk-adjusted 1100 00:58:17,000 --> 00:58:21,500 returns and you can see total returns in Bitcoin 51% literally 1101 00:58:21,500 --> 00:58:25,100 blowing every other investment out of the out of the water. 1102 00:58:25,500 --> 00:58:28,300 It's because it's almost like Bitcoin is the safe-haven asset. 1103 00:58:28,300 --> 00:58:31,400 And then on the other side we got risk-adjusted return Sharpe 1104 00:58:31,400 --> 00:58:35,400 ratio and Bitcoin 1.9 above everything else. 1105 00:58:35,400 --> 00:58:39,500 So again, even the banks are saying what we say that Bitcoin 1106 00:58:39,500 --> 00:58:43,100 is the best thing to be holding. And this next one guys, I'm not 1107 00:58:43,100 --> 00:58:46,800 going to play the audio because There is some background noise 1108 00:58:46,800 --> 00:58:49,900 and I don't want to get hit with the copyrights but shouts out 1109 00:58:49,900 --> 00:58:52,500 the ghost of Whitman. This is, this is the vibe. 1110 00:58:52,500 --> 00:58:54,800 I literally just play with the weakest. 1111 00:58:54,800 --> 00:58:56,700 I know exactly. I'm going to play the sound off 1112 00:58:56,700 --> 00:59:00,400 and I'll narrate it. I literally play a showed you 1113 00:59:00,400 --> 00:59:02,000 guys. The simply Bitcoin meme that was 1114 00:59:02,000 --> 00:59:05,900 basically this video in mean form but we got ghosts of with 1115 00:59:05,900 --> 00:59:09,000 man, right here goes quote, you got lucky with Bitcoin and then 1116 00:59:09,000 --> 00:59:11,500 he goes stacking and saving and Bitcoin for years. 1117 00:59:11,500 --> 00:59:14,900 And here's the video guys. Oh we got someone walking over 1118 00:59:14,900 --> 00:59:16,600 mouth. Ow, straps running through a 1119 00:59:16,600 --> 00:59:20,500 fireboard. He gets on a seesaw and it hits 1120 00:59:20,500 --> 00:59:24,300 him in the nuts. Let's see, you know, nutshot 1121 00:59:24,300 --> 00:59:27,400 seesaw this is the Bitcoin Journey, it's a lot of pain, he 1122 00:59:27,400 --> 00:59:31,000 gets pepper sprayed and tear gassed and OU. 1123 00:59:31,000 --> 00:59:33,900 Bitcoin is just got so lucky. And this is a stacking and 1124 00:59:33,900 --> 00:59:37,700 saving the last four years. He's getting people's you know 1125 00:59:37,700 --> 00:59:43,500 he blessed bust through some some LED lights and then he gets 1126 00:59:43,500 --> 00:59:46,800 taser gun again. As he goes in a little kiddie 1127 00:59:46,800 --> 00:59:48,200 pool. This is the pain. 1128 00:59:48,200 --> 00:59:52,000 Literally, guys, don't let them tell you. 1129 00:59:52,000 --> 00:59:55,900 This was easy, it is not easy. Remember how much work you had 1130 00:59:55,900 --> 00:59:59,300 to put into Stacks at to learn about Bitcoin? 1131 00:59:59,300 --> 01:00:02,200 Remember how much Blood Sweat and Tears? 1132 01:00:02,300 --> 01:00:05,700 You had to go through to understand Bitcoin. 1133 01:00:05,800 --> 01:00:10,300 Remember how work bro? One of your friends called you 1134 01:00:10,300 --> 01:00:13,100 an idiot and a lunatic and delusional. 1135 01:00:13,100 --> 01:00:17,200 And yet you double down and Continued to Stacks ads, do not 1136 01:00:17,200 --> 01:00:18,700 let them tell you. It was easy. 1137 01:00:18,700 --> 01:00:21,400 You have earned this, you will continue to earn this. 1138 01:00:21,400 --> 01:00:24,700 It will only get harder as the Bitcoin price moves forward. 1139 01:00:24,700 --> 01:00:26,600 So double down on your convictions. 1140 01:00:26,900 --> 01:00:30,900 This is the way the corners are correct anyway, the Nico I see 1141 01:00:30,900 --> 01:00:32,200 you're already ready with your mean review. 1142 01:00:32,200 --> 01:00:37,800 So I'm gonna give it not one, not one of Jade, I'm gonna give 1143 01:00:37,800 --> 01:00:43,100 it one of them is invisible, but I got you guys. 1144 01:00:43,100 --> 01:00:45,000 I got you guys. You have to turn off the green 1145 01:00:45,000 --> 01:00:46,300 screen. In for a second. 1146 01:00:46,300 --> 01:00:47,900 Take a look at that. Beautiful! 1147 01:00:48,000 --> 01:00:49,300 Beautiful! Beautiful. 1148 01:00:49,600 --> 01:00:51,500 I'm on camera, zoom in. You could do it. 1149 01:00:51,900 --> 01:00:55,200 You could do it camera. It's the special edition. 1150 01:00:55,200 --> 01:00:57,500 Jade, that's my score. That's my score, bro. 1151 01:00:57,600 --> 01:01:01,800 All right, well my score. This this seems a very fitting 1152 01:01:01,800 --> 01:01:05,200 today. Again I'm using the Bitcoin 1153 01:01:05,200 --> 01:01:08,000 mags, orange pill or orange party issue. 1154 01:01:08,200 --> 01:01:11,100 But it is not the magazine because I've given that one 1155 01:01:11,100 --> 01:01:15,700 already, I am giving you the Max Keiser article who is The Banana 1156 01:01:15,700 --> 01:01:20,600 Republic. Now, biatch spicy Chico. 1157 01:01:20,600 --> 01:01:22,300 What would you give those means, memes. 1158 01:01:25,200 --> 01:01:28,400 I mean from our ETA. What's the scale? 1159 01:01:28,600 --> 01:01:32,100 Know any, any score number feeling? 1160 01:01:34,000 --> 01:01:36,900 I mean, doing pretty good, I guess, owning an especially, 1161 01:01:38,100 --> 01:01:40,300 especially, especially the last one. 1162 01:01:40,900 --> 01:01:42,600 Okay? But, you know, regarding 1163 01:01:42,600 --> 01:01:46,000 regarding what you guys said, I have something else to say is 1164 01:01:46,000 --> 01:01:48,600 well, so I'm doing. I'm finishing my masters in Fiat 1165 01:01:48,600 --> 01:01:52,000 Finance, let's say just for you guys to be aware. 1166 01:01:52,000 --> 01:01:56,200 We are like almost 400 and like I'm pretty much the only bit 1167 01:01:56,200 --> 01:01:59,800 Corner in class. Like, everyone thinks everyone 1168 01:01:59,800 --> 01:02:03,300 thinks that I'm crazy when when I asked the professor's like 1169 01:02:03,700 --> 01:02:06,500 Questions regarding Bitcoin. Just this for you guys to be 1170 01:02:06,500 --> 01:02:10,400 aware and know another reason for us to be bullish about we 1171 01:02:10,400 --> 01:02:12,500 are early and what do you mean crazy? 1172 01:02:13,200 --> 01:02:15,800 Yeah we are early as fog in the craziest thing is that these 1173 01:02:15,800 --> 01:02:19,200 guys are going to be the ones that are going to like they're 1174 01:02:19,200 --> 01:02:21,100 going to be managing like Pension funds. 1175 01:02:21,700 --> 01:02:27,100 Everyone's you know reforms and you know investment plans and 1176 01:02:27,100 --> 01:02:31,200 they are like they have this mental model that, you know, 1177 01:02:31,200 --> 01:02:34,800 it's not practical in the real world and And that's what's 1178 01:02:34,800 --> 01:02:38,200 like, completely fucked up in the yeah. 1179 01:02:38,800 --> 01:02:41,000 We are still early, guys miss this Wonder. 1180 01:02:41,000 --> 01:02:43,500 Similarly, that is the score anyways. 1181 01:02:43,500 --> 01:02:45,500 Opti, we got time for four scores. 1182 01:02:45,500 --> 01:02:47,700 Let's Do It music. Cue, please. 1183 01:02:47,900 --> 01:02:49,200 Wait, wait, wait, wait, wait, wait. 1184 01:02:49,200 --> 01:02:50,500 I think we need to wait. Hold on. 1185 01:02:50,800 --> 01:02:52,300 I only know. We got one. 1186 01:02:52,300 --> 01:02:53,800 We got, we got some okay. Okay. 1187 01:02:53,800 --> 01:02:56,400 Okay. No, no, we do have to wait, we 1188 01:02:56,408 --> 01:02:58,200 do have to wait, we do have to wait. 1189 01:02:58,300 --> 01:03:00,000 She's go t. Go through Chico. 1190 01:03:00,000 --> 01:03:04,100 Threw me a curveball. Hey, No good. 1191 01:03:04,100 --> 01:03:05,800 Threw me a curveball bro. Okay. 1192 01:03:05,800 --> 01:03:08,300 Anyways guys before we get to the mean scores, I want to give 1193 01:03:08,300 --> 01:03:10,500 a shout-out to our awesome clothing sponsor. 1194 01:03:10,700 --> 01:03:13,200 Super stylish, super comfortable. 1195 01:03:13,200 --> 01:03:16,300 I literally where the merch every it's all I wear nowadays 1196 01:03:16,400 --> 01:03:19,400 represent LTD.com they got simply Bitcoin Mercer some 1197 01:03:19,400 --> 01:03:21,600 shirts. Still available Opti has the 1198 01:03:21,600 --> 01:03:26,300 sold-out simply Bitcoin hat. Only represent LTD.com and you 1199 01:03:26,300 --> 01:03:29,700 could use promo code simply Dash Bitcoin get yourself a 10% 1200 01:03:29,700 --> 01:03:34,000 discount anything on the store anyways Opti let's Get to some, 1201 01:03:34,000 --> 01:03:37,000 let's get through. Let's get through some some 1202 01:03:37,000 --> 01:03:38,300 scores. So wrote mr. 1203 01:03:38,300 --> 01:03:45,700 Robot 20 out of 21, very nice. RW memes, score. 350 EXA hashes 1204 01:03:45,700 --> 01:03:48,400 proof of work. Boom, Shaka Laka, Laka Laka 1205 01:03:49,600 --> 01:03:52,300 Elaine. LOL scored Nigerian style. 1206 01:03:52,300 --> 01:03:57,000 Adoption of cvtc's? Yes, yes, I love that Igor. 1207 01:03:57,000 --> 01:04:01,000 I give the memes Jack Ballers I get Nico, can't read that 1208 01:04:01,000 --> 01:04:04,200 atomically correct will bear off these gonna do the reading from 1209 01:04:04,200 --> 01:04:05,600 now on? No. 1210 01:04:05,600 --> 01:04:08,300 It's part of the meme review score of your readings. 1211 01:04:08,900 --> 01:04:12,600 All right, we can do videos, I make As for a reason, okay, 1212 01:04:12,600 --> 01:04:17,700 McLovin I give them means a cubic zirconia engagement ring 1213 01:04:17,700 --> 01:04:20,100 for Opti to give to Christine Lagarde, okay? 1214 01:04:20,100 --> 01:04:21,500 Okay. Very nice, very nice. 1215 01:04:21,500 --> 01:04:24,100 Just a bad day for me, Ballard a bad day. 1216 01:04:25,800 --> 01:04:28,200 All right, that's the buzzer also guys, check out something 1217 01:04:28,200 --> 01:04:30,000 Bitcoins telegram groups? Absolutely free. 1218 01:04:30,000 --> 01:04:35,500 Go to go to www.ah.mil Simply Bitcoin TV and of course, check 1219 01:04:35,500 --> 01:04:39,300 out the written version of this show simply Bitcoins blog. 1220 01:04:39,300 --> 01:04:42,600 We're dropping hot fire Shout It's our awesome team of 1221 01:04:42,600 --> 01:04:44,200 writers. So check that out. 1222 01:04:44,200 --> 01:04:46,700 Also free. And thank you so much for guests 1223 01:04:46,700 --> 01:04:50,100 for joining us today, chico. Dirt and 21, guys, simply 1224 01:04:50,100 --> 01:04:53,300 Bitcoin is for the people. So we bring on bitcoiners from 1225 01:04:53,300 --> 01:04:57,000 all walks of life, very popular bitcoiners that have huge 1226 01:04:57,000 --> 01:05:01,300 following and unknown bitcoiners as well, but I'll tell you, this 1227 01:05:01,300 --> 01:05:02,900 guy's is something that I've picked up. 1228 01:05:04,200 --> 01:05:07,900 The most fascinating stories I've heard are from bitcoiners 1229 01:05:07,900 --> 01:05:13,000 that don't really necessarily have huge followings and the 1230 01:05:13,000 --> 01:05:15,700 reason for that is because no one's heard their story before. 1231 01:05:15,900 --> 01:05:18,900 So we're going to try our best to continue highlighting these 1232 01:05:18,900 --> 01:05:21,100 bitcoiners bringing them on simply Bitcoin live. 1233 01:05:21,100 --> 01:05:24,000 That's what the show is all about so that they can tell 1234 01:05:24,000 --> 01:05:26,000 their story. Chico, thank you so much for 1235 01:05:26,000 --> 01:05:27,700 joining us today. Why don't you tell everybody 1236 01:05:27,800 --> 01:05:33,400 where they can find you? Yeah, so I'm at Twitter at she 1237 01:05:33,400 --> 01:05:37,100 could learn in 21. I mean I have a LinkedIn as well 1238 01:05:37,100 --> 01:05:42,800 but I don't think it's it, fits your audience. 1239 01:05:42,800 --> 01:05:47,700 So yeah, I guess if you want to connect with me, just just send 1240 01:05:47,700 --> 01:05:50,700 me a Dean at the M or follow me and I'll follow you back some. 1241 01:05:50,700 --> 01:05:52,500 Thank you. Gu thank you Chico for joining 1242 01:05:52,500 --> 01:05:56,600 us guys, that was another episode of Simply Bitcoin live 1243 01:05:57,000 --> 01:05:58,800 view, enjoy the show. You know to do smash that like 1244 01:05:58,800 --> 01:06:00,100 button. Consider subscribing. 1245 01:06:00,100 --> 01:06:02,500 If you feel like we provided you value, the number one thing you 1246 01:06:02,500 --> 01:06:05,900 could do specially after what happened today to spread the 1247 01:06:05,900 --> 01:06:09,500 peaceful Bitcoin Revolution is share this content, get people 1248 01:06:09,500 --> 01:06:12,200 to aren't get orange, Phil people get people to take self 1249 01:06:12,200 --> 01:06:15,500 custody. Don't shit coins, bad for you. 1250 01:06:15,700 --> 01:06:17,500 Speaking of that, that reminds me guys. 1251 01:06:17,500 --> 01:06:20,700 We are hosting a Twitter spaces, all the way till 2 p.m. 1252 01:06:20,700 --> 01:06:24,400 Eastern Standard Time with our friends, over at Swan Bitcoin 1253 01:06:24,400 --> 01:06:27,400 best place to build your Bitcoin stack. 1254 01:06:27,400 --> 01:06:30,600 So if you want the party to continue, definitely join the 1255 01:06:30,600 --> 01:06:32,500 Twitter spaces is live right now. 1256 01:06:32,500 --> 01:06:35,600 We will see you tomorrow for a brand new episode of Simply 1257 01:06:35,700 --> 01:06:36,600 Bitcoin live.