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I don't believe sufficient ever 
have a good money again before 

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we take something out of the 
names of governments. 

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Welcome everyone, we're simply 
Bitcoin. 

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We break down the news, the 
daily fail mean review software 

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releases and the plebiscites. 
That's right, got it right 

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today. 
First time joining us return 

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multiple return guest, the 
founder of swan Bitcoin, I'm 

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talking about core eclipsed, in 
is in the house. 

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We Are diving into the numbers 
though. 

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Let's do it. 
People brought to you by Bitcoin

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2022. 
It's gonna be the largest 

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Bitcoin conference celebration 
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guys, it's next week. 
Get your tickets. 

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Now, before the price goes up 
speaker list includes present, 9

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bouquet of El Salvador. 
Michael sailor, say 15. 

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Adam back Jack Mahler sender. 
Cynthia, lummis dr. 

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Jordan Pederson. 
And Many more awesome speakers 

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Phil and I are going to be on a 
panel as well. 

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We're going to be on the me. 
Matic Warfare with Greg zags and

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be absolutely awesome and good 
news. 

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You can take advantage the link 
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tickets to the largest Bitcoin 
celebration ever Bitcoin 2022. 

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At the time of this recording. 
The block height is seven 

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hundred twenty nine thousand. 
Seven hundred thirty five the 

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Bitcoin price 40 7080 chain 
rewrite days 741. 

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Total public lightning capacity 
a new New all-time high 3620 dot

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sixty Moscow time 21:23 blocks 
to The Happening 110,000. 265. 

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End the samurai Whirlpool, 
unspent capacity, Samurai 

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Whirlpool is a coin Joiner 
collaborative. 

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Spend service. 
It is not a mixing service and 

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the unspent capacity is 4480 
4.60. 8. 

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Nico the numbers the numbers 
bro. 

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Looking good. 
So I got put in a very 

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uncomfortable position. 
And but because Corey coming on 

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the show, it's perfect to 
speculate on it. 

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Someone asked, we usually don't 
cover things unless they're 

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confirmed which is why we 
completely skipped over the 

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whole Honduras. 
You know, speculation. 

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But again, it looks like the 
rumor mill is you know warming 

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up. 
People wanted us to cover it. 

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So I did just that again I'm not
even going to put this in the 

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thumbnail even though we would 
do very it would be a very good 

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video so I'm just going to cover
it, okay. 

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There's a Were right now, right?
That apple is going to get into 

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bitcoiners do something with 
Bitcoin. 

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I I this is, I call BS, I think 
people are bored. 

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But anyways, why do people think
this? 

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Let me show you why. 
So, first going to start with 

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this video? 
Do you own crypto and any 

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Bitcoin or theorem would you 
play around with us? 

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I do. 
Yeah I think it's reasonable to 

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own it as a part of a 
diversified portfolio and I'm 

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not giving anybody an investment
advice by the way. 

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All right, so that's the first. 
Then you know, you have Jack 

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mahler's tweeting. 
This stuff you chase has an 

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apple hat. 
And then again, he tweeted and 

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the video starts with, you know,
Steve Jobs, Apple logo. 

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So again a lot of fucking noise,
but you know, the plebs want us 

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to cover this. 
So we shall cover this Cory. 

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This is perfect for you because,
you know, you have experience 

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working for one of these big 
tech companies. 

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What is the probability of? 
This is true. 

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My personal opinion. 
And I think this is bullshit. 

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Well, what's the this what do 
you think this is? 

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I don't know. 
Dude is Apple getting into 

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Bitcoin because I know that they
were very hostile. 

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I know they banned Bitcoin 
wallets at one point, you know, 

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back in the day. 
So I don't know, I don't know 

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what to make of this. 
There's there's obviously dozens

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of Bitcoin and crypto wallets 
that are apps in the Apple 

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Store. 
So that's not a big deal. 

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You can use Apple pay to fund 
Bitcoin purchases using wire 

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which is So I've been to like 
thousands of websites. 

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So if another company plugs into
the same thing that wires had 

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for years, like that's cool. 
That's awesome. 

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That program exists, you can do 
that, we could turn on Apple, 

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pay purchases for Swan if we 
wanted to just a matter of like 

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whether you want to deal with 
their fees and stuff. 

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So I don't know. 
I mean, see if there's news, I 

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don't know. 
Phil, what do you feel about 

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this? 
Dude, I even want to cover this,

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we were in this was requested. 
Okay, so I'm gonna go with 

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completely outlandish, random 
take, that will make no sense. 

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The was loves the corn, like, 
what like, what's it called? 

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Like the walls always talks 
about about Bitcoin, but I do 

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know that he has Shield shit 
coin in the past, but he does 

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know that Bitcoin is King. 
And even though that has nothing

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to do with apple, I think Tim 
Cook, sometimes talks to the 

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Waze. 
So, anyways, maybe you know, 

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this is bullshit. 
Okay, so more serious question, 

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Cory, what are the implications?
Let's say, you know what would 

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happen, what would it would? 
Bitcoin game more legitimacy in 

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the eyes of the big players if 
this would happen. 

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Again, I don't know what this 
is. 

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That's I've even heard anything 
suggested that you already. 

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I don't know what this is, 
either. 

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Man, you can use, Apple pay. 
Buy Bitcoin already. 

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So if that if again, if that 
happens more cool, that's great.

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I mean, if they did something 
with their balance sheet, that 

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would be dope. 
But, you know, this is, I don't 

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know. 
I don't want to speculate on it,

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I don't really care. 
We'll see what happens. 

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Yeah, well anyways, there there,
we told wasn't there supposed to

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be some massive announcement, 
like Monday or Tuesday, like all

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weekend, people are saying 
there's some massive 

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announcement coming out and see 
shit. 

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This is why we don't cover this 
stuff, but this was requested 

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by, like, two or three people 
and I'm like, oh Cory's coming 

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on the show might ask him, is 
this is our last show before the

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break, you know? 
So yes. 

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Anyways, there you go, guys. 
We sleep between now and your 

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next show is something 
absolutely incredible. 

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Like an announcement about an 
announcement about an 

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announcement will have dropped. 
Yeah. 

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And and you can cover it when 
you come back. 

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So we could either be extremely 
right. 

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And we could say we were first 
to it or we'll just pretend like

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we never said anything but 
anyways. 

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Phil it's time for the daily 
fail. 

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Brought to you by Ember app. 
Check them out. 

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Amber dot app. 
It is the best place to Stacks 

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00:06:36,500 --> 00:06:38,600
at. 
And at, by actual bitcoiners, 

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Fair spreads low fees. 
Smart automation, the link is 

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down below ammo smart ways, that
sense, okay? 

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This original tweet was shared 
by Niko in our telegram group 

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and we are going to dive into 
this shit coin, wreck Miss. 

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Before we dive into something, 
which I think Going to piss 

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everyone off thoroughly. 
I know that I had a hard time 

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reading through it anyway. 
So let's dive into this a tweet 

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by Hot or Not. 
Nothing to see here. 

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Just 600 million of shit. 
Coin, wreck - that's right Ronin

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Network, let's dive into this 
story, very quickly. 

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Here, Ronan validators 
compromised decentralization at 

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work. 
I see the Ronin Bridge has been 

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exploited for 170, 3600 eith and
5 million USD see which at the 

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time of the writing was 
approximately six hundred 

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million dollars, Ronan chain. 
Currently consists of nine, 

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validator nodes in order to 
recognize a deposit, even our 

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withdrawal event. 
Five out of the nine, validator 

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signatures are needed the 
attacker managed to get control 

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over sky mavis's for Ronan 
validators. 

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And the third party validator 
run by accident. 

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Do The validator key scheme is 
set up to be decentralized. 

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That didn't sound decentralized 
at all. 

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Anyways, but the attacker found 
a back door through our gas free

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RPC node, which they abused to 
get the signature for the axi 

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Deo validator, the accident of 
the axi Deo, allow listed Sky 

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Mathis to sign various 
transactions on its behalf. 

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This was discontinued in 
December 20, 21, but the allow 

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list access was not Revoked, 
that's not good. 

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That means somebody had to 
manually go in there and revoke 

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that list. 
I don't know. 

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That doesn't sound good. 
Anyways, once the attacker got 

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access to Sky Map is systems. 
They were able to get the 

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signature from the axi Deo 
validator nice. 

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They didn't actually even have 
to attack the shit coin itself. 

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They just had to go through a 
third party validator. 

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Now, why was the validator 
threshold? 

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Only five originally Sky Map is 
chose the five out of nine 

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threshold. 
Is some nodes didn't catch up 

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with the chain or were stuck in 
Sinking States. 

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Moving forward. 
The threshold will be eight out 

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of nine. 
I'm sure that's going to stop 

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it. 
Three more, definitely stops 

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this. 
I could see Corey knows I'm 

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right, three more stops. 
This we will be expanding the 

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validator set over time on an 
expedited timeline. 

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Just gonna keep adding 
validators. 

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That's all that was our first 
fail now. 

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Look did any of that sound 
decentralized and why is there a

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centralized entity explaining 
how this is going to roll out 

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and how they can add validators 
whenever they want this just 

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sounds like complete 
hocus-pocus. 

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Focus. 
And again what we've said, time 

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and time before your money 
should not be here. 

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The rug pool is the use case 
Cory. 

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Before we move to the next 
failed, you have any comment on 

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this garbage. 
I'm trying to figure out whether

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I liked the company. 
That owns the whole thing, 

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having four of the nine 
validators. 

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I'm trying to figure out if I 
like that better or you being 

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such a Bitcoin or that you 
pronounce the acronym, Bao Deo, 

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00:09:53,900 --> 00:09:57,300
ha ha. 
I've liked both of those things 

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are so amazing and just so, so 
perfect for the story. 

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00:10:01,300 --> 00:10:02,900
So, that's what I have to say 
about that. 

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00:10:04,000 --> 00:10:08,200
Phil, I think we should rename 
this part of the show to guess 

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00:10:08,200 --> 00:10:14,300
won't come back on time of the 
show because every time, do I 

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just, I'm looking at the guests 
and I'm like, oh God, oh God, oh

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00:10:17,700 --> 00:10:18,900
God. 
And then the Expressions, the 

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00:10:18,900 --> 00:10:20,400
shrug then. 
What am I? 

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00:10:20,400 --> 00:10:22,200
Why the fuck did I agree to 
this? 

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00:10:22,500 --> 00:10:24,900
Oh gosh, come, I just come here 
to hang out with you guys. 

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00:10:25,100 --> 00:10:28,600
If you hit record, that's fine. 
But this is how this is how we 

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00:10:28,600 --> 00:10:29,800
hang out. 
Right? 

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00:10:29,900 --> 00:10:31,600
Let's make sure we do this every
couple months. 

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00:10:31,800 --> 00:10:36,900
All right, Phil, so I'm scared. 
What is the next fail? 

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00:10:37,300 --> 00:10:41,100
But wait, there's more. 
Okay, so everybody remembers 

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00:10:41,100 --> 00:10:42,300
before we share the screen 
before. 

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00:10:42,300 --> 00:10:45,800
We share the screen yesterday we
were we were talking about Chris

200
00:10:45,800 --> 00:10:50,000
Chris Larson or whatever his 
name is there from from eggs are

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00:10:50,000 --> 00:10:51,700
P. 
But now coming to the u.s., 

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00:10:51,700 --> 00:10:55,500
there's a lot of smart 
entrepreneurs who know our You 

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00:10:55,508 --> 00:10:58,000
know, creating renewable, 
energy, mining but I'm sorry 

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00:10:58,000 --> 00:11:00,400
there's no such thing as me my 
name because it's not necessary,

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00:11:01,000 --> 00:11:02,900
they should be changing, just 
like a theory, India. 

206
00:11:02,900 --> 00:11:04,900
And by the way, I think the 
founder of Z cash also 

207
00:11:04,900 --> 00:11:06,400
announced. 
They're switching from proof of 

208
00:11:06,400 --> 00:11:10,400
work to a different low-energy 
protocol hats off to them to, 

209
00:11:10,900 --> 00:11:13,900
but the Bitcoin folks need to 
make the switch as well. 

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00:11:14,300 --> 00:11:16,000
It's unconscionable that right 
today. 

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00:11:16,300 --> 00:11:18,500
You gobbling up on the order of 
70 and depending on price 

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00:11:18,500 --> 00:11:22,300
because it's quite a prize, 7240
trillion Watt hours of energy, 

213
00:11:23,100 --> 00:11:24,600
Look at all. 
That was green energy, that's 

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00:11:24,600 --> 00:11:27,600
not good, because that green 
energy should be used for green 

215
00:11:27,600 --> 00:11:31,500
steel, making green aluminum 
green concrete and agricultural 

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00:11:31,500 --> 00:11:33,100
usage. 
Direct are capture green 

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00:11:33,100 --> 00:11:35,100
hydrogen, you name it. 
I mean there are just so many 

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00:11:35,600 --> 00:11:38,400
battles that are being waged in 
this war and that green energy 

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00:11:38,400 --> 00:11:40,900
needs to go elsewhere. 
A big part of getting carbon 

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00:11:40,900 --> 00:11:42,600
neutral is don't use energy. 
We don't need it. 

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00:11:42,600 --> 00:11:47,100
You don't need it to confirm the
state of blockchains just don't 

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00:11:47,100 --> 00:11:49,700
need it. 
So make the damn code change and

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00:11:49,700 --> 00:11:51,600
I tell you, I just don't think 
it's going to happen. 

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00:11:51,600 --> 00:11:56,300
Voluntarily. 
And that whole nonsense attack 

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00:11:56,300 --> 00:11:58,900
on bitcoin trying to create a 
Bitcoin proof of stake. 

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00:11:59,200 --> 00:12:01,900
Listen, never underestimate the 
shit coiners, never 

227
00:12:01,900 --> 00:12:05,200
underestimate the shit coiners 
and their resources. 

228
00:12:05,200 --> 00:12:09,200
Why do I say this? 
Let's say hello to bitcoin piece

229
00:12:09,200 --> 00:12:11,200
of shit protocol. 
Here we go. 

230
00:12:11,800 --> 00:12:14,700
This is just a random tweet 
here, juice Van, Alden Bitcoin, 

231
00:12:14,700 --> 00:12:17,200
replaces Banks. 
Ripple needs Banks, that's all 

232
00:12:17,200 --> 00:12:19,900
you need to know about change 
the code indeed. 

233
00:12:19,900 --> 00:12:23,200
This is true. 
This is followed up by a From K 

234
00:12:23,200 --> 00:12:28,200
underscore Sebastian. 
BTC POS and this is what got me 

235
00:12:28,200 --> 00:12:30,500
right here. 
I thought it was a joke but here

236
00:12:30,500 --> 00:12:35,500
it is. 5 million wasted. 
That's right, guys, what you 

237
00:12:35,500 --> 00:12:37,700
are? 
Looking at right here, as we 

238
00:12:37,700 --> 00:12:42,800
scroll up, is Boom, Bitcoin 
proof of stake. 

239
00:12:43,600 --> 00:12:46,300
Okay. 
And the best part about it, the 

240
00:12:46,300 --> 00:12:48,000
best part about it. 
Before we take a look at this 

241
00:12:48,000 --> 00:12:48,800
white paper. 
That's right. 

242
00:12:48,800 --> 00:12:50,900
I'm going to make everyone 
suffer, just a little bit more. 

243
00:12:51,700 --> 00:12:53,300
Let's let's take a look here. 
What they say? 

244
00:12:53,300 --> 00:12:56,800
So, Bitcoin proof of stake takes
everything, you know, and love 

245
00:12:56,800 --> 00:13:01,000
about Bitcoin and makes it 
faster more rewarding and ready 

246
00:13:01,000 --> 00:13:03,300
for real life. 
Digital currency payments, I'm 

247
00:13:03,300 --> 00:13:05,800
pretty What they just did is 
take everything we know and love

248
00:13:05,800 --> 00:13:08,100
about Bitcoin and make it 
fucking worse. 

249
00:13:08,500 --> 00:13:10,500
I'm pretty sure that's what just
just happened. 

250
00:13:10,600 --> 00:13:12,800
Okay, let's just take a look at 
this white paper very quick. 

251
00:13:12,800 --> 00:13:15,100
I'm not going to be real. 
That I love how they copied the 

252
00:13:15,108 --> 00:13:17,800
text in the front. 
Ha ha ha. 

253
00:13:19,700 --> 00:13:21,500
When I first saw this, I was 
like, wait a second. 

254
00:13:21,500 --> 00:13:24,100
Did they just put their names 
and left the original Bitcoin 

255
00:13:24,100 --> 00:13:26,400
white paper? 
It looks like it's because let's

256
00:13:26,400 --> 00:13:27,700
face it. 
I mean, they probably came up 

257
00:13:27,700 --> 00:13:31,200
with this last night, anyways? 
Okay, let's dive into it. 

258
00:13:31,300 --> 00:13:33,500
Unfortunately, I could not 
highlight anything in this. 

259
00:13:33,600 --> 00:13:35,000
It wouldn't let me but that's 
okay. 

260
00:13:35,000 --> 00:13:37,800
That's that's going to help 
everybody here, okay? 

261
00:13:37,800 --> 00:13:39,800
Because we don't have to, we 
don't have to dive into the 

262
00:13:39,800 --> 00:13:42,300
great details. 
But we do have to take a look at

263
00:13:42,300 --> 00:13:44,100
what they start off with the 
first thing that they do. 

264
00:13:44,200 --> 00:13:45,400
Okay. 
The first thing this shit coin 

265
00:13:45,400 --> 00:13:47,800
does and I couldn't figure out 
who the team was behind this 

266
00:13:47,800 --> 00:13:49,100
shit coin. 
I don't even think it makes a 

267
00:13:49,108 --> 00:13:50,500
difference. 
It's completely irrelevant and 

268
00:13:50,500 --> 00:13:52,800
not listed on their site. 
Okay. 

269
00:13:53,000 --> 00:13:56,400
The first thing they start off 
with is discrediting Bitcoin. 

270
00:13:56,800 --> 00:13:59,700
The problem of Bitcoin 
centralization. 

271
00:13:59,700 --> 00:14:02,400
I I'm not even going to go into 
that we have shown time and time

272
00:14:02,400 --> 00:14:05,500
again between the Her nodes and 
the mining pools and how the 

273
00:14:05,500 --> 00:14:07,500
mining pools. 
Don't actually own the 

274
00:14:07,500 --> 00:14:10,400
individual miners. 
This is all nonsense. 

275
00:14:10,500 --> 00:14:13,600
Okay, the next piece of this 
which I think is absolutely 

276
00:14:13,600 --> 00:14:16,500
hilarious. 
Is Bitcoin proof of work creates

277
00:14:16,500 --> 00:14:19,500
dependency on electricity. 
I mean, do these people not 

278
00:14:19,500 --> 00:14:24,000
realize that they're actually 
using either a smart phone or a 

279
00:14:24,008 --> 00:14:27,100
computer to power their shit 
coins. 

280
00:14:27,400 --> 00:14:30,400
Do they not realize that this 
all of this uses electricity? 

281
00:14:30,500 --> 00:14:34,000
Anyways, I just, I can't even 
believe this and this This is my

282
00:14:34,000 --> 00:14:35,600
favorite part. 
This is how, you know, they just

283
00:14:35,600 --> 00:14:38,800
went and dug up a whole bunch of
old fud to create this shit coin

284
00:14:38,800 --> 00:14:42,000
to pump some Bag. 
Bitcoin, proof-of-work, mining 

285
00:14:42,200 --> 00:14:44,000
Hardware centralization. 
Remember Nico. 

286
00:14:44,000 --> 00:14:46,300
When you're talking about this 
this morning, I mean to be to be

287
00:14:46,300 --> 00:14:48,300
fair. 
There's no, but hold on, hold 

288
00:14:48,300 --> 00:14:49,200
on. 
Look at what they're referring 

289
00:14:49,200 --> 00:14:51,500
to before before you comment on 
this. 

290
00:14:52,000 --> 00:14:56,000
Okay, they're referring to the 
twenty nineteen fifty, four 

291
00:14:56,000 --> 00:14:59,900
percent of Bitcoins total hash 
rate being in Sichuan province 

292
00:14:59,900 --> 00:15:02,600
of China. 
This is what they're referring 

293
00:15:02,600 --> 00:15:05,100
to in this but I'm Are you go go
on with what you were going to 

294
00:15:05,108 --> 00:15:05,800
say? 
Yeah. 

295
00:15:05,800 --> 00:15:09,400
I mean I think that hash rate 
has definitely improved 

296
00:15:09,500 --> 00:15:11,000
improved. 
I think it's going to continue 

297
00:15:11,000 --> 00:15:15,600
to centralize but in terms of 
mining manufacturing, you know I

298
00:15:15,608 --> 00:15:18,300
know Intel steps in the game. 
I know block stream acquired but

299
00:15:18,300 --> 00:15:20,700
Doodles I think is the name of 
the company and of Jack dorsey's

300
00:15:20,700 --> 00:15:24,000
trying to do trying to get into 
the Asic manufacturing you. 

301
00:15:24,000 --> 00:15:28,800
But I think it is a problem that
the majority of a six or 

302
00:15:28,800 --> 00:15:31,900
manufactured in a country that 
is hostile towards Bitcoin. 

303
00:15:31,900 --> 00:15:35,400
I would like to like For that to
change and I think it is going 

304
00:15:35,400 --> 00:15:38,200
to change. 
But yeah, I mean, that's the 

305
00:15:38,200 --> 00:15:40,900
only part, right? 
That is there's an ounce of 

306
00:15:40,900 --> 00:15:43,200
truth. 
But other than that, I mean, 

307
00:15:43,200 --> 00:15:45,700
dude, like, it's just another 
shit coin, trying to get you to 

308
00:15:45,700 --> 00:15:48,600
part way from your Bitcoin and 
it dresses up. 

309
00:15:48,600 --> 00:15:52,700
So look guys, I've done some 
digging, I dusted off my 

310
00:15:52,700 --> 00:15:55,300
reporter skills. 
I've actually got a notepad over

311
00:15:55,300 --> 00:15:57,100
here. 
We've done some scribbling of 

312
00:15:57,100 --> 00:16:01,800
done some basic math. 
First off, this is is in the 

313
00:16:01,800 --> 00:16:05,200
news now because of that scam, 
Artist out in San Francisco. 

314
00:16:05,800 --> 00:16:12,400
Mr. Larson larceny, I think is 
his full name, but it turns out 

315
00:16:12,400 --> 00:16:15,700
that Bitcoin proof of stake is a
Bitcoin piece of shit. 

316
00:16:16,400 --> 00:16:19,900
Yeah, that's what I think. 
Whatever, anyway, it coin, POS 

317
00:16:20,200 --> 00:16:23,800
has actually been around since 
2019 and actually had a, had a 

318
00:16:23,808 --> 00:16:29,600
pump in in the summer of, 2019 
up to a hundred eighty seven 

319
00:16:29,600 --> 00:16:33,500
dollars a coin. 
It's now 11. 

320
00:16:33,600 --> 00:16:39,800
Sense a coin. 
So it clearly is a better form 

321
00:16:39,900 --> 00:16:42,000
of decentralized peer-to-peer 
payments. 

322
00:16:42,000 --> 00:16:47,900
But nevertheless the world has 
stood by and watched a decrease 

323
00:16:47,900 --> 00:16:54,000
in the value of the new 
revelation Bitcoin POS of 99.9 

324
00:16:54,000 --> 00:17:00,900
94 percent in less than three 
years like what an opportunity 

325
00:17:00,900 --> 00:17:04,200
you guys. 
Somebody call Richard a heart 

326
00:17:04,200 --> 00:17:06,000
and have him, send some direct 
mail out. 

327
00:17:06,000 --> 00:17:09,099
I mean, he should be marketing 
this, to Boomers, you know, 

328
00:17:09,099 --> 00:17:11,800
living on pensions all over the 
country at this point. 

329
00:17:11,800 --> 00:17:13,900
It's clearly undervalued. 
There's a lot of pump in this 

330
00:17:13,900 --> 00:17:16,700
thing. 
Sounds like the Future Finance. 

331
00:17:16,800 --> 00:17:19,000
I think so. 
Yes, the future of money the 

332
00:17:19,000 --> 00:17:21,599
future. 
Why not the future of money and 

333
00:17:21,599 --> 00:17:26,700
the future of Finance both? 
So, but wait, but wait. 

334
00:17:26,700 --> 00:17:28,000
There's more years. 
No more. 

335
00:17:28,000 --> 00:17:30,100
Oh wow. 
Okay, hold on there's more to 

336
00:17:30,100 --> 00:17:33,400
this thing because the next step
in this is Going proof-of-work 

337
00:17:33,400 --> 00:17:37,600
centralization paves the way for
the 51% attack and this is by 

338
00:17:37,600 --> 00:17:41,900
far, my favorite chart, they go,
and they choose the mining 

339
00:17:41,900 --> 00:17:45,000
pools. 
And they know, I don't think, by

340
00:17:45,000 --> 00:17:47,700
the way, I don't think that. 
Yeah, no, no, it's not current, 

341
00:17:47,700 --> 00:17:49,300
it's ancient. 
This is my point. 

342
00:17:49,500 --> 00:17:53,800
They've gone and they've taken 
two year old data and shown it 

343
00:17:53,800 --> 00:17:56,100
as they haven't updated any of 
it. 

344
00:17:56,200 --> 00:17:59,000
And they've left this old data 
and simply just recycled this 

345
00:17:59,000 --> 00:18:00,800
information to be relevant 
again. 

346
00:18:01,900 --> 00:18:05,000
It's very scary and it really 
reminds me of it's funny that 

347
00:18:05,000 --> 00:18:07,300
it's funny that Corey mention 
what he mentioned about 2019 

348
00:18:07,300 --> 00:18:09,300
because I remember when there 
were first, when there was 

349
00:18:09,300 --> 00:18:13,200
chatter about quote-unquote 
lightning on bitcoin, the shit 

350
00:18:13,200 --> 00:18:17,400
coiners immediately took 
advantage of that and created 

351
00:18:17,500 --> 00:18:22,300
bitcoin lightning which was just
some shit Fork that had nothing 

352
00:18:22,300 --> 00:18:26,100
to actually do with lightning. 
Now again, I'm not equating 

353
00:18:26,100 --> 00:18:30,200
lightning to bitcoin POS, but 
what I'm saying is never 

354
00:18:30,200 --> 00:18:32,200
underestimate the shit coiners, 
okay? 

355
00:18:32,500 --> 00:18:35,600
Your shit Corners live. 
Like the shit pointer is like, I

356
00:18:35,608 --> 00:18:39,700
know it's like one group like, 
is it, is it like a, like a 

357
00:18:39,700 --> 00:18:42,400
hacker house for horrible 
people, like, you know, two 

358
00:18:42,400 --> 00:18:47,100
blocks up off the Sunset Strip 
and I Lala or like, where are 

359
00:18:47,100 --> 00:18:51,200
the shit coiners maybe under a 
bridge? 

360
00:18:51,300 --> 00:18:53,700
I'm not sure. 
Yo, what's up? 

361
00:18:53,700 --> 00:18:57,200
You guys were talking about me. 
What, what's going on over 

362
00:18:57,200 --> 00:18:59,700
there? 
Wait, we have Nico the shit. 

363
00:18:59,700 --> 00:19:01,400
Coiner joining us on our segment
now. 

364
00:19:04,700 --> 00:19:09,400
Have you heard of Bitcoin POS, 
tell me what your bags, Nico? 

365
00:19:09,500 --> 00:19:10,900
What I want to know about the 
Bitcoin. 

366
00:19:10,900 --> 00:19:16,100
POS people is like, how many of 
them live in the room? 

367
00:19:16,500 --> 00:19:18,300
Like I think they have 
roommates, that aren't, like, 

368
00:19:18,300 --> 00:19:20,300
people living in the same house 
in separate rooms. 

369
00:19:20,300 --> 00:19:22,500
I feel like they actually 
probably live in the same room 

370
00:19:23,400 --> 00:19:27,300
is getting like same room 
roommate Vibes, like bunk beds 

371
00:19:27,300 --> 00:19:30,300
or like single beds on the side 
on both sides of the room, kind 

372
00:19:30,300 --> 00:19:33,300
of Vibes, but it's really, 
Strange right. 

373
00:19:33,300 --> 00:19:36,500
You know, we have all of this. 
We have all of this news, right?

374
00:19:36,500 --> 00:19:39,200
Like all all leading up to this,
the ESG narrative, the fund, 

375
00:19:39,200 --> 00:19:41,500
Chris Larson, all of this. 
And now all of a sudden, look, 

376
00:19:41,500 --> 00:19:43,700
we're back. 
We've got a coin for you. 

377
00:19:44,000 --> 00:19:48,300
It's just so convenient and so 
cringe, huh, anyways. 

378
00:19:48,700 --> 00:19:51,000
Are you making fun of my 
sleeping accommodations? 

379
00:19:51,100 --> 00:19:52,500
I'm sorry, I forgot you were 
there. 

380
00:19:54,400 --> 00:19:56,900
I'm getting, like Chiang. 
Mai hostile Vibes. 

381
00:19:58,600 --> 00:20:00,800
Have you have you heard of my 
pillow token? 

382
00:20:03,900 --> 00:20:06,600
Is it back by proof of sleep? 
No, it's backed by Michael and 

383
00:20:06,600 --> 00:20:09,400
l00k. 
It's the perfect pillow 

384
00:20:09,700 --> 00:20:12,400
perfectly legit, though. 
Yeah, anyways. 

385
00:20:12,900 --> 00:20:15,200
Yeah, dude. 
But, I mean, I hate the way I 

386
00:20:15,200 --> 00:20:17,400
have to switch or people are not
going to take me, seriously. 

387
00:20:17,800 --> 00:20:19,700
I mean, they don't really take 
us that seriously now. 

388
00:20:19,700 --> 00:20:25,000
Anyways, um, but dude, okay, so 
I hate that they use the pool 

389
00:20:25,000 --> 00:20:27,000
thing, bro. 
Because I think that a lot of 

390
00:20:27,000 --> 00:20:29,700
people, especially if you don't 
understand what you're looking 

391
00:20:29,700 --> 00:20:32,100
at, you look at like right now. 
It's like what? 

392
00:20:32,100 --> 00:20:35,600
Five, six, seven pools. 
But that doesn't mean that those

393
00:20:35,600 --> 00:20:39,100
pools own that hash rate people 
are just choosing to mine with 

394
00:20:39,100 --> 00:20:41,900
those pools to get stability of 
Revenue. 

395
00:20:41,900 --> 00:20:45,100
That's it, that's it right? 
As soon as one of those pools, 

396
00:20:45,100 --> 00:20:48,300
start acting maliciously, people
will just switch, right? 

397
00:20:48,300 --> 00:20:52,500
So yeah, man. 
But dude, these shit Corners 

398
00:20:52,500 --> 00:20:55,700
will do anything and everything 
including stab Bitcoin in the 

399
00:20:55,708 --> 00:20:58,700
back if it means enriching 
themselves and it's fucking 

400
00:20:58,700 --> 00:21:00,800
disgusting. 
But anyways, Phil it's time for 

401
00:21:00,800 --> 00:21:04,400
the daily meme review brought to
you by City. 21. 

402
00:21:04,400 --> 00:21:08,500
It's the best Bitcoin culture of
zeenat stories, articles Comics,

403
00:21:08,700 --> 00:21:12,800
pure pledge signal in this Zine.
Every volume has different 

404
00:21:12,800 --> 00:21:14,800
artwork. 
That is the volume 4, volume 10,

405
00:21:15,000 --> 00:21:18,100
Volume 11 just dropped as well, 
but get your copy quickly 

406
00:21:18,100 --> 00:21:21,500
because there's only 1000 
physical copies made per volume,

407
00:21:21,700 --> 00:21:25,900
get your print of Citadel 21 
today before they run out. 

408
00:21:25,900 --> 00:21:28,400
Alright, everybody, Welcome to 
the meme review where we review 

409
00:21:28,400 --> 00:21:31,900
memes because it's a mean 
review, the first meme by Corey,

410
00:21:32,600 --> 00:21:37,300
there's Bitcoin. 
There's crypto, it's just so 

411
00:21:37,300 --> 00:21:40,300
good. 
So good right here. 

412
00:21:40,300 --> 00:21:43,300
Bitcoin POS. 
That's that's that is very good.

413
00:21:43,400 --> 00:21:46,800
I did not actually create this. 
I jacked it from somewhere, but 

414
00:21:46,800 --> 00:21:47,700
don't like it. 
Don't we? 

415
00:21:47,700 --> 00:21:50,700
All we will use the template. 
Cory was awesome. 

416
00:21:50,700 --> 00:21:54,500
Do we so good though? 
Next one? 

417
00:21:54,700 --> 00:21:56,000
Bye. 
Clown world. 

418
00:21:56,300 --> 00:21:59,800
See, shout-out been. 
So is another been hmm? 

419
00:22:00,200 --> 00:22:02,200
Okay, the bed? 
No it's not. 

420
00:22:02,400 --> 00:22:04,000
Forget his native. 
Think he is a Ben? 

421
00:22:04,000 --> 00:22:06,000
Has he been fucking a? 
Okay? 

422
00:22:06,300 --> 00:22:08,700
That is awesome. 
Is it? 

423
00:22:08,700 --> 00:22:10,000
Is it raining? 
I don't know. 

424
00:22:10,000 --> 00:22:11,400
I'm not a mean. 
Oh my God. 

425
00:22:11,800 --> 00:22:13,300
Okay, I get it. 
I get it. 

426
00:22:13,300 --> 00:22:14,800
That's funny. 
God damn it. 

427
00:22:14,800 --> 00:22:19,200
Phil big coin memes, bro. 
Okay, there's some funny and 

428
00:22:19,200 --> 00:22:22,900
they coin memes, Bitcoin memes. 
It was a good cleaner who sent 

429
00:22:22,900 --> 00:22:28,600
it, okay? 
User privacy Wasabi IRSC, I 

430
00:22:28,600 --> 00:22:32,100
okay, absolutely hilarious. 
Moving on, to the next one, if I

431
00:22:32,100 --> 00:22:34,600
go. 
Ghost of what limbu okay as 

432
00:22:34,600 --> 00:22:36,900
they're ever in his existence of
humanity. 

433
00:22:36,900 --> 00:22:39,000
Been something so good for 
Humanity that has been so 

434
00:22:39,000 --> 00:22:41,200
misunderstood and attacked. 
I really don't think so. 

435
00:22:42,200 --> 00:22:44,100
This is hilarious. 
It's like the Family Guy. 

436
00:22:44,100 --> 00:22:47,000
God one, oh my God. 
You finally gave them sound 

437
00:22:47,000 --> 00:22:48,100
money. 
How's it going? 

438
00:22:48,900 --> 00:22:50,900
Well, somebody is think it's 
wasting energy. 

439
00:22:51,900 --> 00:22:55,400
Very good, very good. 
Jesus Phil okay. 

440
00:22:55,400 --> 00:22:57,900
Keep your shit coins out of my 
effing feed. 

441
00:22:57,900 --> 00:23:00,900
Keep your shit coins out of my 
effing feed funny. 

442
00:23:00,900 --> 00:23:01,800
Funny. 
Okay. 

443
00:23:02,700 --> 00:23:04,400
Okay. 
This is this is part of the 

444
00:23:04,400 --> 00:23:07,100
been, I think it's on. 
Yeah, what he wants to review 

445
00:23:07,100 --> 00:23:08,600
this video. 
This is totally legit. 

446
00:23:08,600 --> 00:23:11,200
It's allowed and it's fantastic 
that we have Corey on here 

447
00:23:11,200 --> 00:23:14,500
because Corey can weigh in on 
the Benz. 

448
00:23:14,500 --> 00:23:18,000
Now I've expressed that here we 
are, we are been supporters. 

449
00:23:18,000 --> 00:23:20,500
I know, I'm putting words in 
ecos mouth, I'm just saying, I'm

450
00:23:20,500 --> 00:23:23,300
a been supporter that have been 
maximalism going on here. 

451
00:23:23,300 --> 00:23:27,800
So let's let's dive into this 
this public service announcement

452
00:23:28,100 --> 00:23:32,800
paid for by Tucson and ski. 
Too many bends. 

453
00:23:33,800 --> 00:23:37,000
The opponents of Bitcoin have 
been successful in diverting all

454
00:23:37,000 --> 00:23:40,700
of your attention toward things,
like ESG, regulation, China, and

455
00:23:40,700 --> 00:23:42,800
other silly things. 
When the real threat is 

456
00:23:42,800 --> 00:23:46,400
glaringly obvious, the Council 
of bands is in the midst of an 

457
00:23:46,400 --> 00:23:49,700
attentive 51% attack on the male
names in the space. 

458
00:23:50,200 --> 00:23:53,100
Oh, there's just way too many 
bends and Bitcoin this part part

459
00:23:53,100 --> 00:23:57,500
part to many they've got a whole
Council, they've got this giant 

460
00:23:57,500 --> 00:24:00,600
subversive elements they're 
trying to 51% attack the male. 

461
00:24:00,800 --> 00:24:05,900
The coin and I think I think the
big problem I don't like any of 

462
00:24:05,908 --> 00:24:10,500
them, I don't like especially 
been the Carmen and kiwi hottel 

463
00:24:10,700 --> 00:24:14,800
don't like them. 
And I think that a lot of people

464
00:24:14,800 --> 00:24:17,500
are not aware of how big of a 
problem. 

465
00:24:17,500 --> 00:24:22,900
It is a long history of using 
devious tactics insert their 

466
00:24:22,900 --> 00:24:25,200
members in positions of 
influence and should not be 

467
00:24:25,200 --> 00:24:27,500
trusted. 
Do your part to reject this 

468
00:24:27,500 --> 00:24:29,600
attack. 
I don't know what they have 

469
00:24:29,600 --> 00:24:32,200
planned for my Emmy. 
But I'm certain it is not good 

470
00:24:32,200 --> 00:24:35,700
ski five, been speaking at the 
Bitcoin conference and we here 

471
00:24:35,700 --> 00:24:37,900
is simply Bitcoin we support the
bends. 

472
00:24:38,300 --> 00:24:40,100
Okay. 
We are, we are it might look at 

473
00:24:40,100 --> 00:24:42,800
my fucking face Phil. 
I knew what was going to come 

474
00:24:42,800 --> 00:24:45,800
because of that, David been 
supporters. 

475
00:24:45,800 --> 00:24:47,100
That's right. 
Okay. 

476
00:24:47,900 --> 00:24:50,600
That sounds like some big 
brother doublespeak right there 

477
00:24:50,600 --> 00:24:54,000
too. 
I also strongly regret having 

478
00:24:54,000 --> 00:24:58,700
six bends and the Bitcoin 2022 
programming the beat these days 

479
00:24:58,700 --> 00:25:01,900
that most of my energy goes into
being a I've been active it. 

480
00:25:05,900 --> 00:25:10,100
Oh God okay Corey welcome. 
This is welcome to Simply 

481
00:25:10,100 --> 00:25:12,700
Bitcoin. 
Okay for that. 

482
00:25:13,200 --> 00:25:14,900
I'm going to give it apparently 
these are rare. 

483
00:25:14,900 --> 00:25:19,500
Now is a Raspberry Pi for 
apparently you can't buy these 

484
00:25:19,500 --> 00:25:22,300
on Amazon and Phil keeps urging 
me to sell it. 

485
00:25:24,200 --> 00:25:30,600
Phil I sold two of mine. 
Proudly still a five anyways. 

486
00:25:31,000 --> 00:25:33,800
Okay, so for the scores we are 
going with. 

487
00:25:33,800 --> 00:25:36,700
We were you know what, I got the
second t-shirt that's actually 

488
00:25:36,700 --> 00:25:38,400
my teacher yesterday. 
I showed Niko's. 

489
00:25:38,400 --> 00:25:42,600
Today I'm showing mine. 
These are from Neil Jacobs foam.

490
00:25:42,600 --> 00:25:45,500
021.com check it out. 
That's right. 

491
00:25:45,600 --> 00:25:50,400
All the models are destroyed. 
Good stuff that's my score Cory.

492
00:25:50,400 --> 00:25:55,100
What would you give those memes?
All of them broadly like as a 

493
00:25:55,108 --> 00:25:58,500
collective. 
Yeah, we could do whatever you 

494
00:25:58,500 --> 00:25:59,800
want. 
I can do whatever I want. 

495
00:25:59,900 --> 00:26:01,800
All right, so what do I have 
here? 

496
00:26:01,800 --> 00:26:07,300
So low score is a Tungsten Cube.
We talked about this, this isn't

497
00:26:07,300 --> 00:26:10,900
news to you, this is just for 
your viewers, a medium score is 

498
00:26:11,300 --> 00:26:13,700
Swan keychain. 
This is the keys to the new 

499
00:26:13,700 --> 00:26:17,400
studio in Malibu where brekkie 
and Mike and Andy. 

500
00:26:17,400 --> 00:26:19,600
And the whole crew will be 
shooting shows starting next 

501
00:26:19,600 --> 00:26:22,200
month. 
And then, the high score is this

502
00:26:22,200 --> 00:26:24,500
master Piece from my youngest 
daughter. 

503
00:26:25,200 --> 00:26:27,600
It's like a penguin or a monster
or something. 

504
00:26:27,600 --> 00:26:28,800
I don't know what's going on 
with that thing. 

505
00:26:28,800 --> 00:26:32,800
Okay. 
So, broadly overall, honestly, 

506
00:26:32,900 --> 00:26:35,700
the memes were pretty good. 
I'm going to give it like a 

507
00:26:35,700 --> 00:26:38,200
medium high. 
So like halfway between the key 

508
00:26:38,200 --> 00:26:43,100
chain and the Penguin, monster 
thing pretty good, Some solid 

509
00:26:43,100 --> 00:26:46,400
stuff in there. 
Solid scores solid scores. 

510
00:26:46,700 --> 00:26:49,800
Yeah, yeah, it was pretty ever 
had two scores, never had. 

511
00:26:49,800 --> 00:26:54,400
Yeah, I was trying to visually 
represent Resent, you know, in 

512
00:26:54,400 --> 00:26:57,100
between like, a two and a half, 
that's what I was trying to go 

513
00:26:57,100 --> 00:27:00,000
for. 
So Cory, I have, you know, the 

514
00:27:00,000 --> 00:27:03,100
moment of truth, this is what 
everyone's been waiting for. 

515
00:27:03,500 --> 00:27:07,700
How do you feel about the bends 
Cory Cliffs of swan? 

516
00:27:08,300 --> 00:27:11,400
You know, I cut just enough of 
this one to actually know what's

517
00:27:11,400 --> 00:27:14,100
going on because I actually 
didn't know at all what was 

518
00:27:14,108 --> 00:27:16,600
going on with banana bread. 
Like I still have no idea. 

519
00:27:16,600 --> 00:27:18,900
Nobody will tell me. 
Make no one knows out about it 

520
00:27:18,900 --> 00:27:21,900
until now but there's a banana 
bread like four months ago and 

521
00:27:21,900 --> 00:27:24,900
I'm totally It I don't even know
where I was that afternoon. 

522
00:27:24,900 --> 00:27:28,200
I mean not like me to miss an 
afternoon on bitcoin Twitter but

523
00:27:28,200 --> 00:27:31,500
I missed that afternoon. 
But yeah, I'm all over the bends

524
00:27:31,500 --> 00:27:35,700
and you know I actually wasn't 
aware until recently that there 

525
00:27:35,700 --> 00:27:41,700
were other Ben's besides Carmen 
and and and sessions been parent

526
00:27:41,700 --> 00:27:47,700
but this is troubling it really?
But the multiplication the speed

527
00:27:47,700 --> 00:27:51,300
with which their menteng new 
Benz in the Bitcoin space I'd 

528
00:27:51,300 --> 00:27:53,100
smacks of rehypothecation. 
Nation. 

529
00:27:53,100 --> 00:27:56,200
I think that it's very possible 
that block Phi is involved here 

530
00:27:57,800 --> 00:28:00,900
and we should really probably 
take a look about this. 

531
00:28:02,100 --> 00:28:04,200
Yeah it's concerning not going 
to lie. 

532
00:28:04,200 --> 00:28:07,300
It's a little bit concerning. 
Yeah see Phil. 

533
00:28:07,300 --> 00:28:10,000
See what you did taking up? 
So look, I just want to point 

534
00:28:10,000 --> 00:28:12,700
out. 
The anti been movement is is 

535
00:28:12,800 --> 00:28:15,900
getting paid ads, paid attack 
ads. 

536
00:28:16,200 --> 00:28:17,800
Okay. 
Hey, yeah. 

537
00:28:18,700 --> 00:28:21,600
So when been POS, that's what I 
wanted. 

538
00:28:22,800 --> 00:28:25,000
Soon soon. 
Yeah, I see. 

539
00:28:25,200 --> 00:28:27,800
Are you happy to Saint? 
Are you happy, bro? 

540
00:28:27,800 --> 00:28:30,300
Okay, got you done Tucson and 
Steve. 

541
00:28:30,500 --> 00:28:32,400
Oh man. 
Okay, anyways guys, if you agree

542
00:28:32,400 --> 00:28:34,400
with this Court's disagree, let 
us know down in the comment 

543
00:28:34,400 --> 00:28:36,100
section. 
Make sure to subscribe to us on 

544
00:28:36,100 --> 00:28:37,700
his own. 
I'll turn it video platforms 

545
00:28:37,700 --> 00:28:40,100
like, Rumble.com and our 
personal favorite Bitcoin 

546
00:28:40,100 --> 00:28:43,400
tv.com, and of course, join our 
telegram group and link us some 

547
00:28:43,400 --> 00:28:45,400
dank dank dank Bitcoin, memes to
review. 

548
00:28:45,400 --> 00:28:49,400
But anyways, feel it's time for 
the Daily News brought to you by

549
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crypto. 
Cloaks.com they make the best 3D

550
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printed Bitcoin merch like the 
famous 3D printed Bitcoin. 

551
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You put your favorite Hardware 

552
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553
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554
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Really cool stuff only on 
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555
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556
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Anything off the store crypto, 
cloaks.com. 

557
00:29:12,400 --> 00:29:15,000
All right guys, so you're not 
going to see us for. 

558
00:29:16,000 --> 00:29:20,700
I'd go to Panama tomorrow the 
really not next Tuesday, but the

559
00:29:20,700 --> 00:29:22,500
Tuesday after. 
So we're really going to take a 

560
00:29:22,600 --> 00:29:27,400
Daybreak because of that. 
Corey had some really good takes

561
00:29:27,400 --> 00:29:30,800
that cover, a lot of things that
are going on, and I want them to

562
00:29:30,800 --> 00:29:34,400
elaborate a little bit on that. 
So first one, we've been 

563
00:29:34,400 --> 00:29:37,400
covering this tremendously 
right? 

564
00:29:37,400 --> 00:29:40,100
The attack on bitcoin, whether 
it's from corporate media, 

565
00:29:40,100 --> 00:29:43,000
whether it's from the 
environmentalists, you know, 

566
00:29:43,000 --> 00:29:46,100
World economic Forum, all of all
of that stuff. 

567
00:29:47,200 --> 00:29:50,200
So Cory, I hear you say, take 
note crypto Advocates and 

568
00:29:50,200 --> 00:29:52,400
lobbyists you are not on the 
same team with. 

569
00:29:52,500 --> 00:29:55,500
Bitcoin. 
And you were, quote tweeting, 

570
00:29:55,800 --> 00:29:58,400
Jason loudly. 
But the real Attack on bitcoin 

571
00:29:58,400 --> 00:30:01,500
is ESG and proof of proof of 
stake, altcoins, if you've been 

572
00:30:01,500 --> 00:30:03,400
paying attention to this 
channel, leave it on top of 

573
00:30:03,400 --> 00:30:05,100
this. 
People are being taught that 

574
00:30:05,100 --> 00:30:07,500
proof of work is unethical. 
So, drawing attention to 

575
00:30:07,500 --> 00:30:10,400
Bitcoins clean. 
Carbon footprint is a I feel. 

576
00:30:10,400 --> 00:30:14,400
What is that word siphon? 
Is that it siphon? 

577
00:30:14,400 --> 00:30:17,900
Is that the word sofyan this? 
If Ian, there we go, Niko candy.

578
00:30:17,900 --> 00:30:21,700
My right ashtag, Nico can't read
Tas, no corners will keep 

579
00:30:21,700 --> 00:30:25,100
thinking proof of Work is an 
unethical waste of energy until 

580
00:30:25,900 --> 00:30:27,000
Cory. 
What the fuck. 

581
00:30:27,000 --> 00:30:30,200
Why did you pick that, goddamn? 
Okay, no, it wasn't you, it was 

582
00:30:30,200 --> 00:30:31,900
Jason. 
It wasn't you Corey. 

583
00:30:31,900 --> 00:30:34,300
You wouldn't do that to me. 
No corners will keep thinking 

584
00:30:34,300 --> 00:30:37,400
proof of work as an unethical 
waste of energy until they 

585
00:30:37,400 --> 00:30:39,100
understand its function. 
Okay? 

586
00:30:39,600 --> 00:30:43,400
So, so Sisyphus was the guy that
was pushing the rock up the hill

587
00:30:43,400 --> 00:30:45,200
and it can't go any battling 
down. 

588
00:30:45,200 --> 00:30:47,800
Yeah, exactly. 
So sisyphean task is one where 

589
00:30:47,800 --> 00:30:50,200
you basically can never actually
win because even if you get it 

590
00:30:50,200 --> 00:30:51,900
to the top it just rolls down 
the other side. 

591
00:30:51,900 --> 00:30:55,000
Anyway, so So so yeah. 
That's what's going on there. 

592
00:30:56,000 --> 00:30:59,400
I was too. 
I just thought that tweet in the

593
00:30:59,400 --> 00:31:02,000
thread was particularly well 
stated and it also just 

594
00:31:02,000 --> 00:31:04,700
confirmed, you know, some things
that I've been saying the last 

595
00:31:04,700 --> 00:31:10,600
few days, I've squab multiple 
times with folks from like coin 

596
00:31:10,600 --> 00:31:15,000
Center and the blockchain 
association who claim that they 

597
00:31:15,000 --> 00:31:17,200
always have Bitcoins best 
interest in mind. 

598
00:31:17,200 --> 00:31:21,300
But the incentives prove that 
that's just impossible, you 

599
00:31:21,300 --> 00:31:26,000
could be the nicest most Bitcoin
Pro fan ever. 

600
00:31:26,300 --> 00:31:30,000
But if your funding comes from 
altcoin projects and altcoin VCS

601
00:31:30,000 --> 00:31:34,800
which it does you're going to be
nice to them by definition and 

602
00:31:34,800 --> 00:31:37,400
you're going to equivocate. 
You know like me Raj actually 

603
00:31:37,400 --> 00:31:38,800
likes Bitcoin. 
He does. 

604
00:31:38,800 --> 00:31:40,900
He really likes Bitcoin and 
he'll fight for Bitcoin like you

605
00:31:40,900 --> 00:31:42,700
and Jerry will write position 
papers. 

606
00:31:42,700 --> 00:31:45,400
If there's something like Contra
Bitcoin or whatever, but they 

607
00:31:45,400 --> 00:31:50,000
also have to play this card of 
being nice to the altcoin 

608
00:31:50,000 --> 00:31:51,800
people. 
And they have to say like well 

609
00:31:51,800 --> 00:31:55,000
those people Can argue, if they 
want to write, like, they have a

610
00:31:55,008 --> 00:31:58,300
right to Lobby about, you know, 
their opinion. 

611
00:31:58,300 --> 00:32:00,600
They think proof of work is bad.
Who are we to say that? 

612
00:32:00,600 --> 00:32:04,500
They're not wrong and I'm like, 
well, it's not true. 

613
00:32:04,500 --> 00:32:08,700
So what are you talking about? 
Like are you a person of 

614
00:32:08,700 --> 00:32:11,800
Integrity or have you completely
sold your soul and we'll just 

615
00:32:11,800 --> 00:32:14,700
like take the money. 
So I just don't buy it. 

616
00:32:14,700 --> 00:32:16,800
I did. 
I just think that it's a good 

617
00:32:16,800 --> 00:32:20,100
thing not that every one of 
these organizations is going to 

618
00:32:20,108 --> 00:32:21,900
be perfect. 
The ones that just started up in

619
00:32:21,900 --> 00:32:25,800
the last The Bitcoin lobbying 
groups likes at Center and the 

620
00:32:25,800 --> 00:32:28,400
other two or three that are that
are up and running. 

621
00:32:28,400 --> 00:32:31,200
But at least their Bitcoin 
focused and Bitcoin only and 

622
00:32:31,200 --> 00:32:33,900
they're not going to have their 
message in their incentives, 

623
00:32:33,900 --> 00:32:38,900
diluted by these criminal scam 
artists that are paying for the 

624
00:32:38,900 --> 00:32:42,000
crypto and blockchain 
Association type lobbying 

625
00:32:42,000 --> 00:32:45,800
organizations. 
Yeah and in there was another 

626
00:32:45,800 --> 00:32:50,300
tweet that kind of adds to this 
because again guys, you know, 

627
00:32:50,500 --> 00:32:53,800
part of this shows to kind of 
paint you Vide you value and 

628
00:32:53,900 --> 00:32:56,800
entertainment, almost every day 
and we try to paint you a 

629
00:32:56,800 --> 00:32:59,800
picture and Cory. 
You put it in a much more 

630
00:32:59,800 --> 00:33:02,100
elegant way, you know. 
I'm a little bit more hyperbolic

631
00:33:02,100 --> 00:33:04,600
but I've been covering this as 
well, right shit coins need the 

632
00:33:04,608 --> 00:33:08,100
state to survive. 
This is why coinbase and team up

633
00:33:08,100 --> 00:33:11,500
with the world economic Forum. 
You say it in a much nicer way. 

634
00:33:11,500 --> 00:33:15,100
Altcoin companies and VC's pay 
for the lives of the people who 

635
00:33:15,100 --> 00:33:19,100
work for blockchain and crypto 
lobbying altcoins must Fudd, 

636
00:33:19,100 --> 00:33:24,200
Bitcoin to survive altcoins must
seek to Controlled by Banks and 

637
00:33:24,200 --> 00:33:28,500
governments to survive. 
Could you elaborate a little bit

638
00:33:28,500 --> 00:33:31,600
on that from your perspective? 
Yeah, I mean, game, 

639
00:33:31,600 --> 00:33:35,200
theoretically, the only way and 
unregistered security that is 

640
00:33:35,200 --> 00:33:38,800
centrally controlled can survive
is to allow itself to be 

641
00:33:38,800 --> 00:33:42,300
co-opted by the existing system 
because it can be attacked by 

642
00:33:42,300 --> 00:33:45,200
the existing system. 
So it must seek to be co-opted 

643
00:33:45,400 --> 00:33:48,000
and that's why you see, if 
they're in foundations, seek 

644
00:33:48,500 --> 00:33:51,500
investment from government, seek
investment from JPMorgan, like 

645
00:33:51,500 --> 00:33:54,100
they're there. 
Consensus is trying to be taken 

646
00:33:54,100 --> 00:33:56,700
over by these people and to 
partner with them and to 

647
00:33:56,700 --> 00:33:59,100
essentially become part of the 
Legacy Financial system which 

648
00:33:59,100 --> 00:34:01,500
makes total sense. 
Because proof of stake is Fiat, 

649
00:34:01,500 --> 00:34:03,000
right? 
So why it's just more of the 

650
00:34:03,000 --> 00:34:05,300
same or not? 
Inventing shit. 

651
00:34:05,500 --> 00:34:08,400
In fact, the whole Vector of 
what's going on there is that 

652
00:34:08,400 --> 00:34:12,900
these defy crypto people, hope 
for the tokenization of 

653
00:34:12,900 --> 00:34:16,000
everything and for everything to
be financialized, right? 

654
00:34:16,000 --> 00:34:19,300
They want to take us from where 
we are today which is you know, 

655
00:34:19,400 --> 00:34:22,400
the financial industry being, 
you know, 15 or 20%. 

656
00:34:22,500 --> 00:34:24,800
GDP. 
And they want to take that up to

657
00:34:24,808 --> 00:34:27,000
like 50%. 
They want everything to be 

658
00:34:27,000 --> 00:34:29,100
naturalized. 
Everybody has to be a hedge fund

659
00:34:29,100 --> 00:34:31,300
Trader. 
You're gonna, you know, have a 

660
00:34:31,300 --> 00:34:34,800
liquid market for literally 
everything in your life and 

661
00:34:34,900 --> 00:34:36,300
that's going to just be like all
you do. 

662
00:34:36,300 --> 00:34:38,600
All day is like trade instead of
be productive, right. 

663
00:34:38,900 --> 00:34:42,100
But finances is zero sum by 
definition. 

664
00:34:42,100 --> 00:34:45,300
It's supposed to just be as 
cheaply as possible with this 

665
00:34:45,300 --> 00:34:50,500
few resources as possible, 
allocate Capital to productive 

666
00:34:50,500 --> 00:34:55,300
use and then make real things. 
Not just rent-seeking, you know,

667
00:34:55,400 --> 00:34:57,600
Arbitrage basically, which is 
what trading is. 

668
00:34:57,600 --> 00:35:01,200
It's just Arbitrage, 
essentially, and historically, 

669
00:35:01,200 --> 00:35:05,100
until until the early 80s, when 
we really started to financial 

670
00:35:05,100 --> 00:35:08,400
eyes, the financial sector was 
like three or four percent of 

671
00:35:08,400 --> 00:35:11,100
GDP. 
That's the direction we want to 

672
00:35:11,108 --> 00:35:13,000
go. 
We want to chop Bitcoin will 

673
00:35:13,000 --> 00:35:15,100
chop 80% out of the finance 
industry. 

674
00:35:15,100 --> 00:35:18,000
That's what we want to see. 
We don't want to see this defy 

675
00:35:18,000 --> 00:35:21,200
crypto vision of tokenize, 
everything and financial eyes, 

676
00:35:21,200 --> 00:35:24,300
everything and all of these 
records having coins attached to

677
00:35:24,300 --> 00:35:26,700
them and all this bullshit and 
try to like, triple the size of 

678
00:35:26,700 --> 00:35:30,200
that, which is their dream. 
Like it's a, it's a dystopian 

679
00:35:30,200 --> 00:35:33,500
fucking nightmare is their 
dream. 

680
00:35:34,000 --> 00:35:37,100
Absolutely. 
And in to add to your point. 

681
00:35:37,100 --> 00:35:39,800
Parker Lewis wrote a very good 
article on that topic. 

682
00:35:40,000 --> 00:35:43,600
Specifically, it was called the 
Great D financialization, and he

683
00:35:43,600 --> 00:35:45,900
covers that specifically. 
Oh, put that in the link 

684
00:35:45,900 --> 00:35:48,600
description. 
Anyways, check this out but I 

685
00:35:48,600 --> 00:35:51,800
know you guys are paying 
attention to but what I'm paying

686
00:35:51,800 --> 00:35:56,800
attention to is the fact that 
Cory almost wore a suit. 

687
00:35:56,900 --> 00:36:01,200
The denim Blazer bro, not for 
us, just a t-shirt from just 

688
00:36:01,200 --> 00:36:03,000
kidding. 
If he wore a suit, we would have

689
00:36:03,000 --> 00:36:05,600
made fun of him the entire time.
They're shout out to Cory. 

690
00:36:06,100 --> 00:36:08,700
But personally, Cory, I'm 
definitely gonna make the 

691
00:36:08,700 --> 00:36:11,800
thumbnail about this. 
I personally plan my company's 

692
00:36:11,800 --> 00:36:15,600
finances and my family's 
finances with a 90% expectation 

693
00:36:15,800 --> 00:36:20,100
that we'll see Bitcoin at 1 
million dollars by 2030. 

694
00:36:20,600 --> 00:36:23,600
What made you, why so bearish? 
That's what you're supposed to 

695
00:36:23,600 --> 00:36:25,100
say. 
That's exactly what I was 

696
00:36:25,100 --> 00:36:26,400
thinking. 
Yeah, that's what I was gonna 

697
00:36:26,400 --> 00:36:29,300
say. 
Listen, that doesn't mean that. 

698
00:36:29,300 --> 00:36:32,500
There's not like 89 percent 
chance of 5 million. 

699
00:36:32,500 --> 00:36:36,200
I'm just saying there's a 90% 
chance of one man tried to be 

700
00:36:36,200 --> 00:36:39,200
reasonable for the, you know, 
there's a bunch of no coiners 

701
00:36:39,200 --> 00:36:42,600
and, you know, Seem to be 
quieter is normies on head, 

702
00:36:42,600 --> 00:36:44,700
guide, fun Stratton Bloomberg 
and stuff. 

703
00:36:44,700 --> 00:36:47,000
So I'm like trying to be 
reasonable core. 

704
00:36:47,400 --> 00:36:50,700
You know, not trying to come in 
like, like fucking put on a 

705
00:36:50,700 --> 00:36:53,900
Blazer. 
Let's go try to be kind of 

706
00:36:53,900 --> 00:36:56,200
reasonable. 
Oh man. 

707
00:36:56,200 --> 00:37:00,100
Yeah, I'm like, I'm not even, 
I'm not even saying that all the

708
00:37:00,100 --> 00:37:02,700
crypto people are scammers. 
I'm saying, like, some of them 

709
00:37:02,700 --> 00:37:06,700
are Venture bats that best. 
And, you know, scams that worst 

710
00:37:06,800 --> 00:37:09,000
things like that. 
You know what I mean? 

711
00:37:09,000 --> 00:37:10,900
I'm Douglas. 
Telling you guys all these 

712
00:37:10,900 --> 00:37:13,800
shows. 
No, I mean I'm glad because you 

713
00:37:13,800 --> 00:37:16,600
could just be yourself because 
it's a bit coin show but Corey 

714
00:37:16,600 --> 00:37:18,500
what made you come to that 
conclusion? 

715
00:37:18,500 --> 00:37:20,800
What do you seeing that? 
What are you seeing that? 

716
00:37:20,800 --> 00:37:24,100
We're not seeing. 
I just I just want to add bright

717
00:37:24,100 --> 00:37:27,500
when you were debunking plan. 
Be rightfully. 

718
00:37:27,500 --> 00:37:31,300
I may I might add Phil and I got
your back when that happened 

719
00:37:31,600 --> 00:37:33,100
because we knew he was full of 
shit. 

720
00:37:33,300 --> 00:37:36,300
So, you know, clear and you have
a finance background of course. 

721
00:37:36,300 --> 00:37:41,500
So you know what, logic, much 
more of a That's math background

722
00:37:41,500 --> 00:37:43,600
than I do. 
Like a hardcore Finance 

723
00:37:43,600 --> 00:37:48,200
background even better to see ya
even better. 

724
00:37:48,300 --> 00:37:50,300
It's just it's just way back in 
there. 

725
00:37:50,400 --> 00:37:53,600
So like it's not enough to do 
new shit, but it's enough to 

726
00:37:53,600 --> 00:37:58,100
call bullshit on bullshit 
because it's been 20 years but 

727
00:37:58,100 --> 00:38:00,000
like I know when something is 
bullshit. 

728
00:38:01,900 --> 00:38:04,500
Okay, so okay. 
So to that, now, you gave me two

729
00:38:04,500 --> 00:38:06,200
questions. 
How do you know Plan B was 

730
00:38:06,200 --> 00:38:07,600
bullshit? 
How did you come to that? 

731
00:38:07,600 --> 00:38:10,800
Oh my god, dude, honestly, I 
haven't Like done with it. 

732
00:38:10,900 --> 00:38:12,300
Okay. 
Missing on over it. 

733
00:38:12,300 --> 00:38:15,400
Just honestly, you can look it 
up on Twitter. 

734
00:38:15,400 --> 00:38:18,100
There you go. 
Okay, got my handle and suf on 

735
00:38:18,100 --> 00:38:19,900
Twitter, he's talked about it 
too much. 

736
00:38:19,900 --> 00:38:22,600
He's burnt out. 
Bad energy, Cory. 

737
00:38:23,200 --> 00:38:26,000
Yes, I got to that 1 million 
dollar prediction, bro. 

738
00:38:26,800 --> 00:38:31,700
Oh well, I consulted on chain 
analytics. 

739
00:38:32,000 --> 00:38:35,100
In my ass. 
I asked some teenagers about it 

740
00:38:35,500 --> 00:38:39,300
and and they told me from their 
vast experience, how to read 

741
00:38:39,300 --> 00:38:42,600
these charts. 
It's and that's how I got to it.

742
00:38:42,800 --> 00:38:48,100
No, I mean, I think, you know, 
the the percentage gains law of 

743
00:38:48,100 --> 00:38:51,000
large numbers means that these 
things should kind of diminish 

744
00:38:51,100 --> 00:38:52,400
over time. 
I think that's kind of what 

745
00:38:52,408 --> 00:38:55,500
we're seeing is like the this 
and that's totally fine. 

746
00:38:55,600 --> 00:39:02,500
Like it also just means the the 
returns are just kind of like 

747
00:39:02,600 --> 00:39:05,600
more secure to write with kind 
of like chopped off the Left End

748
00:39:05,608 --> 00:39:08,600
of the distribution. 
That's only a 20 x from here. 

749
00:39:09,500 --> 00:39:14,000
We're Already up, you know, we 
went from like 3K to 69k or 

750
00:39:14,000 --> 00:39:18,600
something like that in the peak 
to trough very recently, we're 

751
00:39:18,600 --> 00:39:20,400
hanging out just under 50 right 
now. 

752
00:39:21,300 --> 00:39:24,100
Eight years. 
Do I think we got a 20x and Us 

753
00:39:24,100 --> 00:39:26,100
in eight years? 
Yeah. 

754
00:39:26,100 --> 00:39:28,700
Yeah, I do. 
I do think so, and I'm planning 

755
00:39:28,700 --> 00:39:31,900
for it for both my family's 
finances, and my company's 

756
00:39:31,900 --> 00:39:35,700
finances, sat sent parody by the
end of the decade. 

757
00:39:36,800 --> 00:39:38,400
And that's, that's a much easier
bar. 

758
00:39:38,400 --> 00:39:42,400
Also when you're thinking about,
You know, in nominal dollars, I 

759
00:39:42,400 --> 00:39:45,200
usually talk about this in terms
of actual purchasing power. 

760
00:39:45,200 --> 00:39:49,300
So that's actually my 
prognostication since 2020 or 

761
00:39:49,308 --> 00:39:54,300
2021, so thinking about it and 
uninflated Away dollars. 

762
00:39:54,500 --> 00:39:56,700
Wow, that's man. 
Yeah, right. 

763
00:39:56,800 --> 00:39:59,600
So you actually only probably 
need to hit like six or seven 

764
00:39:59,608 --> 00:40:04,100
hundred K in in real dollars 
because you'll be at A Million 

765
00:40:04,100 --> 00:40:09,000
nominally, by the end of decade.
So that man, that's great. 

766
00:40:09,000 --> 00:40:11,300
Corey. 
So, I So I think all bitcoiners,

767
00:40:11,300 --> 00:40:14,200
you know, I mean, you know Phil,
quit his job. 

768
00:40:14,300 --> 00:40:16,700
I've been full-time Bitcoin 
really for a couple of years 

769
00:40:16,700 --> 00:40:18,200
now. 
Yeah. 

770
00:40:18,200 --> 00:40:21,800
I mean, we're all putting your 
fucking hopes and dreams in the 

771
00:40:21,800 --> 00:40:23,900
orange coin. 
I think we made a good bet, 

772
00:40:24,300 --> 00:40:25,700
Cory. 
I know a lot of people are going

773
00:40:25,700 --> 00:40:28,200
to take their going to interpret
this or gonna bite on this 

774
00:40:28,200 --> 00:40:31,600
specially, people getting into 
Bitcoin and that's usually who 

775
00:40:31,600 --> 00:40:35,600
are show is for when you mean 
one.com. 

776
00:40:35,600 --> 00:40:39,000
Yeah, we're gonna kill it at the
end, so no, it's Nots one.com 

777
00:40:39,000 --> 00:40:43,100
Swan big. 
In.com snowman coin, it's /. 

778
00:40:43,100 --> 00:40:46,300
What exact one.com. 
Simply Bitcoin works too. 

779
00:40:46,300 --> 00:40:49,600
That works too, okay, bro, we're
gonna put it down, you know, 

780
00:40:49,600 --> 00:40:52,000
you're gonna have a beautiful 
link down there scrolling 

781
00:40:52,000 --> 00:40:54,700
through the screen, it's gonna 
get above Cory's head, but can 

782
00:40:54,700 --> 00:40:57,300
I, can I get one of you guys to 
throw up the swan? 

783
00:40:57,300 --> 00:40:59,000
There you go. 
By the way, you can only do it 

784
00:40:59,000 --> 00:41:01,200
with one. 
Only one arm if you do to its 

785
00:41:01,200 --> 00:41:04,800
cultural appropriation because 
that's the cue dog, okay? 

786
00:41:05,300 --> 00:41:09,100
Yeah, you know, okay, there you 
go, not they'll do it, right? 

787
00:41:09,100 --> 00:41:10,800
So you're going to want to do. 
Ooh, one bill, we could touch 

788
00:41:10,800 --> 00:41:12,000
her. 
We could touch that. 

789
00:41:12,500 --> 00:41:15,400
Yeah, exactly. 
Wait, am I touching your beak 

790
00:41:15,400 --> 00:41:18,400
Phil? 
No, I'm next to you facing your 

791
00:41:18,400 --> 00:41:20,100
way. 
No, no, but it my screams me, 

792
00:41:20,100 --> 00:41:20,800
okay. 
I know what? 

793
00:41:20,800 --> 00:41:23,100
Mine boiler. 
Way back on track, man. 

794
00:41:24,800 --> 00:41:29,100
Focus it coin. 
There's a Will Smith joke in 

795
00:41:29,100 --> 00:41:30,500
there. 
Somewhere, there it is. 

796
00:41:32,300 --> 00:41:35,600
Okay, Corey, so you said 
diminishing returns. 

797
00:41:35,600 --> 00:41:37,200
I know a lot of people are going
to interpret that. 

798
00:41:37,200 --> 00:41:39,700
I like I'm too late to bitcoin. 
What would you say, hmm. 

799
00:41:40,000 --> 00:41:43,300
Not a now because the like the 
risk/reward is just so insanely 

800
00:41:43,300 --> 00:41:45,600
good. 
I mean, it's gonna I think it's 

801
00:41:45,600 --> 00:41:49,500
just going to keep on charging 
up for centuries and it's never 

802
00:41:49,500 --> 00:41:52,900
going to zero and the, you know,
the troughs are just I just 

803
00:41:52,900 --> 00:41:55,900
don't think you're going to be 
seeing like 80 85 % drops ever 

804
00:41:55,900 --> 00:42:00,400
again. 
So I think we're kind of getting

805
00:42:00,400 --> 00:42:03,800
shedding ourselves of the 
illusion of Cycle Theory which 

806
00:42:03,800 --> 00:42:06,000
was never real. 
It was just one data point and I

807
00:42:06,008 --> 00:42:09,700
was always skeptical of that and
you know my Trader friends and 

808
00:42:09,800 --> 00:42:12,500
Esther friends from outside the 
space always insisted that it 

809
00:42:12,500 --> 00:42:15,300
would be a random walk because 
we got too many people in it. 

810
00:42:15,300 --> 00:42:18,100
It's to institutionalized 
really, just bring the CME and 

811
00:42:18,100 --> 00:42:22,100
the market in 2018 was enough to
guarantee that there would be 

812
00:42:22,100 --> 00:42:24,500
enough, you know, sort of 
institutional money, to sort of 

813
00:42:24,500 --> 00:42:28,900
avoid, you know, anything 
related to having effects or 

814
00:42:28,900 --> 00:42:31,300
something like that. 
So, I think we're just on a 

815
00:42:31,300 --> 00:42:34,800
random walk up. 
It's still going to go way up. 

816
00:42:34,900 --> 00:42:38,600
You're still going to get crazy 
Euphoria over like, you know, 

817
00:42:38,600 --> 00:42:41,400
two or three nations getting 
Into it or you know, six 

818
00:42:41,400 --> 00:42:45,400
multinationals, buying Bitcoin 
or some kind of crazy new tech 

819
00:42:45,400 --> 00:42:47,400
Innovation that you know makes 
layer 3. 

820
00:42:47,400 --> 00:42:51,000
Super dope and 2024 22:29 or 
something like that. 

821
00:42:51,000 --> 00:42:56,200
Like not 2024, but 2029 maybe. 
So there will be, there will be 

822
00:42:56,200 --> 00:42:59,100
God Candles, there will be 
crashes and we'll get out over 

823
00:42:59,100 --> 00:43:01,600
our skis and stuff like that, 
but I just don't think it's 

824
00:43:01,600 --> 00:43:05,000
based on the calendar. 
I mean, there's too many people 

825
00:43:05,000 --> 00:43:08,700
with too many different uses for
Bitcoin and ways to think about 

826
00:43:08,700 --> 00:43:11,800
it using it in there for Folios 
using it for their business. 

827
00:43:11,800 --> 00:43:14,200
Like, all these different ways 
and reasons that people have to 

828
00:43:14,200 --> 00:43:16,300
buy at different times in 
different sizes. 

829
00:43:16,700 --> 00:43:20,700
Like it's a proper market now, 
is there still and I get this 

830
00:43:20,700 --> 00:43:23,100
question a lot and I think it's 
a perfect question for you, 

831
00:43:23,100 --> 00:43:25,900
Cory. 
Is there still a hundred X in 

832
00:43:25,900 --> 00:43:27,300
Bitcoin? 
Yeah. 

833
00:43:27,300 --> 00:43:28,700
Yeah. 
Just going to take a while. 

834
00:43:29,100 --> 00:43:31,300
It's gonna tell ya while but 
that's that's 5 million. 

835
00:43:31,400 --> 00:43:34,300
That's what, that's a, five 
million a coin. 

836
00:43:34,500 --> 00:43:40,300
Yep, 100 trillion market cap. 
That's like 25 percent Or 20, 

837
00:43:40,300 --> 00:43:44,800
it's 20 to 25% of the market for
which Bitcoin is the best tool 

838
00:43:44,800 --> 00:43:45,800
for the job. 
Yeah. 

839
00:43:45,800 --> 00:43:47,400
Right. 
Bitcoin stores value, the better

840
00:43:47,400 --> 00:43:50,200
than anything else. 
That's 400 to 500 trillion 

841
00:43:50,200 --> 00:43:54,400
dollars in purchasing power 
today, you know. 

842
00:43:54,500 --> 00:43:57,200
And so you're just saying, like,
do you think it'll capture 20 or

843
00:43:57,200 --> 00:44:00,100
25% of the market for which it's
the best tool for the job. 

844
00:44:00,300 --> 00:44:02,400
And then over what time frame is
that going to happen. 

845
00:44:03,300 --> 00:44:06,000
Yep, man. 
You're making me bullish. 

846
00:44:06,000 --> 00:44:09,800
All right guys, so you guys know
we've been telling you, To take 

847
00:44:09,800 --> 00:44:11,800
a break. 
So we kind of have to get a 

848
00:44:11,808 --> 00:44:15,500
little bit serious on the news. 
We covered this on Sunday to 

849
00:44:15,500 --> 00:44:21,700
give you guys a quick refresher 
the EU because of the AML and 

850
00:44:21,700 --> 00:44:26,300
kyc regulation, essentially, 
what they're going to what, 

851
00:44:26,400 --> 00:44:29,200
they're not going to ban self 
custody directly, but they'll 

852
00:44:29,200 --> 00:44:33,200
make it incredibly difficult for
for companies to keep up a 

853
00:44:33,200 --> 00:44:38,200
regulation and they're voting on
that in the next 48 hours. 

854
00:44:39,400 --> 00:44:43,900
So it's a very scary stuff you 
know, we're hearing you know 

855
00:44:44,200 --> 00:44:48,900
what what I call framing which 
on hosted wallets self-hosted 

856
00:44:48,900 --> 00:44:52,000
wallets Bitcoin. 
There is no difference in 

857
00:44:52,000 --> 00:44:54,300
Bitcoin. 
But again you know, from the old

858
00:44:54,300 --> 00:44:58,200
world, why are they doing this? 
You know, the same reason that 

859
00:44:58,200 --> 00:45:00,900
the environmentalists are 
attacking Bitcoin for the first 

860
00:45:00,900 --> 00:45:05,100
time in human history, people 
have a chance to save and money 

861
00:45:05,100 --> 00:45:07,800
that can't be debased, you know?
And that's the reality that 

862
00:45:07,800 --> 00:45:11,700
takes power away from To be able
to manipulate their population 

863
00:45:11,700 --> 00:45:14,800
through monetary policy and they
feel threatens, right? 

864
00:45:15,000 --> 00:45:18,900
So, they're using, you know, the
regulatory Motes that they've 

865
00:45:18,900 --> 00:45:22,900
used to, you know, kill all 
competitions to the banks. 

866
00:45:22,900 --> 00:45:26,000
For, I don't know how long and 
it looks like they're trying to 

867
00:45:26,000 --> 00:45:29,700
kill one of the best features in
Bitcoin, which is self custody. 

868
00:45:29,700 --> 00:45:32,100
I know Swan is a huge advocate 
of that. 

869
00:45:32,100 --> 00:45:36,400
So I don't know if, you know, 
the u.s. is a little bit 

870
00:45:36,400 --> 00:45:39,200
different because of how its 
structured the individual states

871
00:45:39,200 --> 00:45:41,800
have A lot of sovereignty. 
Texas is a lot of skin in the 

872
00:45:41,800 --> 00:45:45,100
game so it is Wyoming. 
So I don't know if that would 

873
00:45:45,100 --> 00:45:48,500
come to the States but it's 
definitely very, very scary 

874
00:45:48,500 --> 00:45:51,800
stuff. 
The fact that you know, self 

875
00:45:51,800 --> 00:45:55,600
custody through kyc exchanges in
Europe, could potentially be 

876
00:45:55,600 --> 00:45:59,000
banned now, you know, before you
start panicking, right? 

877
00:45:59,000 --> 00:46:02,300
We've known in countries like 
Nigeria countries like China, 

878
00:46:02,300 --> 00:46:04,300
right? 
What happens when they ban 

879
00:46:04,300 --> 00:46:07,100
Bitcoin? 
It just pushes it underground 

880
00:46:07,100 --> 00:46:09,300
and you have a rise in those 
countries involved. 

881
00:46:09,500 --> 00:46:12,200
I'm of peer-to-peer 
transactions, I suspect the same

882
00:46:12,200 --> 00:46:15,500
thing will happen in Europe but 
Corey from your position. 

883
00:46:15,500 --> 00:46:17,400
How do you feel about this? 
I think it's absolutely 

884
00:46:17,400 --> 00:46:22,200
disgusting. 
Oh, you're on you. 

885
00:46:24,700 --> 00:46:27,800
Well I mean I can be on you 
because I was going to repeat 

886
00:46:27,800 --> 00:46:29,900
what Nico said. 
Yeah, I mean, it's gross. 

887
00:46:29,900 --> 00:46:33,200
It's I mean KY caml is stupid in
the first place. 

888
00:46:33,200 --> 00:46:35,600
It just ends up in these, these 
honey pots. 

889
00:46:35,600 --> 00:46:37,800
That just make it super easy to 
Target people. 

890
00:46:37,800 --> 00:46:39,800
It's so easy to hack. 
Those things when you aggregate 

891
00:46:39,800 --> 00:46:42,200
all that information in one 
place over and over and over 

892
00:46:42,200 --> 00:46:43,200
again. 
You see that? 

893
00:46:44,500 --> 00:46:46,800
There's just massive government 
overreach. 

894
00:46:46,800 --> 00:46:50,600
But what else do you expect like
Europe has just been kind of 

895
00:46:50,600 --> 00:46:54,800
like Ring and to irrelevance 
because of too much bureaucracy 

896
00:46:54,800 --> 00:46:59,700
for so so long. 
I don't see that coming to the 

897
00:46:59,700 --> 00:47:02,500
u.s. 
I really hope that it doesn't. 

898
00:47:02,500 --> 00:47:05,800
I feel like there will be enough
challenges and enough people. 

899
00:47:05,800 --> 00:47:08,800
You know, across the political 
spectrum that still care about 

900
00:47:08,800 --> 00:47:13,700
freedom and property and privacy
enough to get in the way of 

901
00:47:13,700 --> 00:47:16,000
something like that. 
So even if you saw something 

902
00:47:16,000 --> 00:47:18,700
like an executive order, I feel 
like it would just get repealed 

903
00:47:18,700 --> 00:47:20,400
as soon as you had like a new 
friendly. 

904
00:47:21,100 --> 00:47:24,700
Ian, something like that. 
So I think, I think the 

905
00:47:24,700 --> 00:47:28,400
combination of Bitcoin being so 
well aligned with kind of 

906
00:47:28,400 --> 00:47:34,700
founding American ideals, and a 
still having enough enough power

907
00:47:34,700 --> 00:47:38,600
with elected officials and 
versus the sort of career Burke 

908
00:47:38,600 --> 00:47:40,900
bureaucracy. 
Like it's bad here. 

909
00:47:41,000 --> 00:47:44,800
It's way worse in Europe. 
Like the unelected career 

910
00:47:44,800 --> 00:47:48,800
bureaucrats have way more power 
over there than they do here so 

911
00:47:48,800 --> 00:47:50,500
I think we should be able to 
avoid it. 

912
00:47:50,500 --> 00:47:53,400
I've seen Shots of it like what 
it looks like on some of these 

913
00:47:53,400 --> 00:47:56,300
exchanges because I think maybe 
Switzerland past some kind of 

914
00:47:56,300 --> 00:47:57,900
law want to say it was 
Switzerland. 

915
00:47:57,900 --> 00:48:02,000
But yeah, it's ugly men. 
You know, certifying that you 

916
00:48:02,000 --> 00:48:05,300
own the address and you know 
giving over your information and

917
00:48:05,300 --> 00:48:07,500
your idea and stuff to a 
blockchain address. 

918
00:48:07,500 --> 00:48:11,400
Like so nasty and counter to the
whole point of this thing. 

919
00:48:12,000 --> 00:48:14,800
Yeah. 
And and you know, and a lot of 

920
00:48:14,800 --> 00:48:17,900
people are, you know, because we
see it in gladstein has an 

921
00:48:17,900 --> 00:48:20,500
excellent book where he talks 
about the financial privilege 

922
00:48:20,500 --> 00:48:23,300
aspect. 
What we don't understand right? 

923
00:48:23,300 --> 00:48:27,800
Is that this KY caml system. 
Essentially has deemed half the 

924
00:48:27,800 --> 00:48:32,100
world on bankable because of the
place they happen to be born it,

925
00:48:32,300 --> 00:48:34,000
right? 
So when you advocate for that 

926
00:48:34,000 --> 00:48:36,900
type of system, you're 
advocating for a system of 

927
00:48:36,900 --> 00:48:39,200
exclusion, right? 
And you know, look at the 

928
00:48:39,200 --> 00:48:42,300
consequences look Afghanistan 
look at men as well aware, you 

929
00:48:42,300 --> 00:48:45,800
know, I'm from like you know, 
people literally don't have 

930
00:48:45,800 --> 00:48:49,400
access to the financial system 
or to receiving money from 

931
00:48:49,400 --> 00:48:52,300
overseas. 
Because they happen to be born 

932
00:48:52,300 --> 00:48:55,800
in the wrong country and the 
only thing that still does not 

933
00:48:55,800 --> 00:48:58,800
care his Bitcoin right now. 
I know a lot of people are using

934
00:48:58,800 --> 00:49:02,200
stable coins but they're getting
a false sense of security in 

935
00:49:02,200 --> 00:49:04,200
those stable coins because 
they're centralized. 

936
00:49:04,200 --> 00:49:06,700
We know that tether freezes 
addresses, right? 

937
00:49:06,700 --> 00:49:08,700
If you know the government 
bureaucrats knocks on their 

938
00:49:08,700 --> 00:49:12,000
door. 
So yeah man, it's a very scary 

939
00:49:12,000 --> 00:49:16,000
time but I'm I'm optimistic on 
America as well as you are Cory.

940
00:49:16,000 --> 00:49:19,700
So let's see how this plays out.
Phil, you have any closing 

941
00:49:19,700 --> 00:49:22,000
thoughts? 
Just that I Echo the same 

942
00:49:22,000 --> 00:49:24,800
sentiments as you guys, you 
know, I mean, having grown up in

943
00:49:24,800 --> 00:49:27,300
Canada and, you know, 
understanding that, you know, 

944
00:49:27,300 --> 00:49:31,600
Europe like Canada, much more 
socially, you know, socially 

945
00:49:31,600 --> 00:49:36,600
minded socially, so to speak run
as a result. 

946
00:49:36,600 --> 00:49:40,700
I think that people over there 
are much less inclined towards 

947
00:49:40,700 --> 00:49:43,400
the quote unquote, Freedom 
Technologies, right? 

948
00:49:43,400 --> 00:49:46,600
And I think that that's 
something that we still have. 

949
00:49:46,600 --> 00:49:49,600
You know, we still have that 
Spirit that's vibrant in in a, 

950
00:49:49,600 --> 00:49:52,600
you know, in the states which, 
you know, to a certain extent. 

951
00:49:52,600 --> 00:49:55,600
Yes, has definitely, you know, 
taken a hit, you know, let's say

952
00:49:55,600 --> 00:49:58,600
over the last few years, you 
know, where maybe even decades, 

953
00:49:58,600 --> 00:50:01,700
so to speak. 
But at the same time, where else

954
00:50:01,700 --> 00:50:03,100
are you going to find that 
freedom? 

955
00:50:03,100 --> 00:50:05,300
There are pockets of freedom and
they are here. 

956
00:50:06,000 --> 00:50:09,500
So you know what, I think that 
even though the EU may end up 

957
00:50:09,500 --> 00:50:12,100
doing something like this. 
It's like you said, you're going

958
00:50:12,100 --> 00:50:14,900
to see the peer-to-peer markets,
just go through the roof and 

959
00:50:14,900 --> 00:50:17,200
you're just going to see people 
circumventing this because all 

960
00:50:17,200 --> 00:50:20,200
it's going to do is show 
everyone in plain sight. 

961
00:50:20,300 --> 00:50:24,300
Hey, Okay, we are trying to pull
the wool over your eyes and this

962
00:50:24,300 --> 00:50:26,600
is and this is the real thing 
right here, Bitcoin. 

963
00:50:26,600 --> 00:50:28,900
And we want to make sure you 
don't get to it and all its 

964
00:50:28,900 --> 00:50:30,700
going to do is help sell our 
Point. 

965
00:50:30,900 --> 00:50:33,800
Yeah, I agree. 
I agree but I filled it wasn't 

966
00:50:33,800 --> 00:50:35,600
open source software released 
today. 

967
00:50:35,800 --> 00:50:38,500
Why don't you tell everybody 
about it software releases 

968
00:50:38,600 --> 00:50:40,900
brought to you by Cipher safe? 
Check them out. 

969
00:50:40,900 --> 00:50:45,100
Cipher safe dot IO. 
Look storing, your seed on paper

970
00:50:45,100 --> 00:50:50,200
is just completely Reckless 
store your seed in the safest 

971
00:50:50,200 --> 00:50:53,800
place possible. 
The Cipher wheel or the all new 

972
00:50:53,800 --> 00:50:57,500
Cipher grid, they both come with
a tamper-resistant wire but the 

973
00:50:57,500 --> 00:50:59,800
grid comes with a punch tool. 
All right? 

974
00:50:59,800 --> 00:51:03,200
We've got Mercury wallet version
0.6, not 5. 

975
00:51:03,200 --> 00:51:06,100
That was released its Down Below
in the show notes. 

976
00:51:06,300 --> 00:51:08,300
Guys, don't forget to check us 
out. 

977
00:51:08,300 --> 00:51:10,700
We release our episodes on 
audio. 

978
00:51:10,700 --> 00:51:15,200
Only platforms Apple, podcasts 
Spotify, and anchor, and if you 

979
00:51:15,200 --> 00:51:18,100
want a stream of some SATs 
Fountain dot f m--. 

980
00:51:18,300 --> 00:51:19,400
Awesome. 
Thank you for. 

981
00:51:19,400 --> 00:51:20,800
All right, guys. 
Before we going to give a very 

982
00:51:20,800 --> 00:51:22,000
special Special shout out to our
hoodie. 

983
00:51:22,000 --> 00:51:25,000
Sponsor rep heart.com, represent
LTD. 

984
00:51:25,000 --> 00:51:27,500
You can take advantage of a link
down below to get 10% off. 

985
00:51:27,500 --> 00:51:30,800
Anything off the represent 
LTD.com score. 

986
00:51:30,900 --> 00:51:33,400
I also want to give a very 
special shout-out to the 

987
00:51:33,400 --> 00:51:36,600
legendary Corey clip. 
Stood Swan. 

988
00:51:36,600 --> 00:51:38,400
I got it. 
I got a quick Announcement, by 

989
00:51:38,400 --> 00:51:42,200
the way, since you brought up 
Fountain you will very soon. 

990
00:51:42,200 --> 00:51:47,400
Be able to purchase SATs through
your bank account, straight to 

991
00:51:47,400 --> 00:51:49,800
your lightning wallet inside of 
fountain. 

992
00:51:49,800 --> 00:51:55,200
Using swan We go, wow, nice 
blush bullish. 

993
00:51:55,600 --> 00:51:59,000
So you guys can follow Quarry at
core. 

994
00:51:59,000 --> 00:52:03,400
Eclipsed in on Tweeter, 
definitely go check out Swan.com

995
00:52:03,700 --> 00:52:08,200
simply Bitcoin sign up today. 
For one of the best places to 

996
00:52:08,200 --> 00:52:10,700
buy the corn guys. 
That was our show. 

997
00:52:10,700 --> 00:52:12,300
If you enjoyed the show, anyone 
serious, man. 

998
00:52:13,300 --> 00:52:14,700
Of course, if you want to 
continue here in the bitcoin 

999
00:52:14,700 --> 00:52:17,300
news, from the Polly Platt 
perspective in the catastrophic 

1000
00:52:17,300 --> 00:52:19,300
fails that make everyone feel 
uncomfortable. 

1001
00:52:19,400 --> 00:52:21,700
Definitely subscribe to Simply A
coin will see you tomorrow. 

1002
00:52:21,700 --> 00:52:24,500
Get no. 
We will not see you tomorrow. 

1003
00:52:24,600 --> 00:52:27,400
We will see you in 10 days 
because we're taking a break. 

1004
00:52:27,400 --> 00:52:29,200
Is the longest break. 
You guys are going to have to 

1005
00:52:29,200 --> 00:52:31,900
endure, but we'll post will try 
to post clips and we'll post 

1006
00:52:32,100 --> 00:52:34,600
stuff from the conference as 
well, and things. 

1007
00:52:34,800 --> 00:52:37,800
Yea, So La Vita Zane, bye guys. 
Say bye. 

1008
00:52:37,800 --> 00:52:39,400
Phil direct to see us for a 
while. 

1009
00:52:39,400 --> 00:52:42,500
Alright, so here's the quote, to
quote, our most, excellent 

1010
00:52:42,500 --> 00:52:45,900
awesome guest. 
Do I think there's a 20x and 

1011
00:52:45,900 --> 00:52:49,100
Bitcoin in the next eight years?
I'm planning my family's future 

1012
00:52:49,100 --> 00:52:49,800
around it.