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I don't believe sufficient 
evidence of a good money against

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before we take something out of 
the hands of governments. 

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Welcome back everyone. 
We're simply Bitcoin. 

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

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Software releases Hardware 
releases and the websites by 

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plebs joining us today. 
Fellow Bitcoin our managing 

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director at BTC. 
Social media wizard at slush, 

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pool, and brains and the host of
this is Bitcoin. 

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I'm talking about Bitcoin 
Gandalf. 

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He's joining us but right now 
we're diving into the numbers. 

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Let's do it. 
Brought to you by Bitcoin 2022. 

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It's going to be the largest 
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in sunny sunny. 
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Brand-new speaker just announced
Jordan Peterson. 

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We also have Michael sailor 
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mahler's, Adam back speaker list
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Dead mouse is spinning on the 
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As long as with Steve Aoki as 
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At the time of this recording. 
The block head is seven hundred 

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twenty four thousand seven 
hundred eighty nine the Bitcoin 

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price 30, 8455 chain, rewrite 
days, 687 total public lightning

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capacity, 3450 4.75 Moscow time 
2600 three blocks to The 

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Happening 115,000. 211 and the 
samurai Whirlpool unspent 

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capacity, 4338 dot 53. 
And for those who don't know, 

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Samurai Whirlpool is a 
collaborative spend or coin join

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service Nico, the numbers, the 
numbers, it's good that we take 

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advantage of that. 
The samurai Whirlpool, we have 

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to say that as much as possible,
because since we're entering 

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the, then they fight you stage, 
they're definitely going to try 

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to make that illegal. 
Sure like facts. 

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So you know what? 
Somebody pointed that out today 

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in the chat and they're like, 
well look, you know, they can't,

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they can't actually make it 
illegal. 

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And I said, you know what, you 
know what they can do, they will

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go after to the depths, they 
will. 

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So yes, they go after the devs 
and I said, you know what, I go,

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you may be right? 
And it's a good point but they 

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can demonize it like crazy. 
Yeah. 

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Right. 
And that's all it. 

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Writes. 
Perception is reality. 

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Even if it's not true, I think 
we're in this weird transition. 

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Phase phase. 
Where governments are going to 

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have to come to terms with the 
fact that they can't control the

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money system to their advantage.
The way they've been used to 

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doing for the last century, 
really, right. 

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Since really, since I mean, in 
the Central Banking has been 

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around in Europe for a longer 
than that. 

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But in the u.s. is what's this 
1913, right? 

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Essentially, it's just 
centralized more and more 

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control, the bank, secrecy act, 
the Patriot Act, it just every, 

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every iteration just keeps 
getting more and more. 

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Centralized. 
So we're this transition, dude. 

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It's gonna be chaotic and I 
actually have an article during 

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the news that we're going to 
talk about that a little bit as 

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well. 
But before I get to that, I have

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very special video that I want 
to play before we before we get 

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to the next section. 
Check this out. 

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This is Charlie, Munger he is 
for anyone who doesn't know. 

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He's like the second hand man of
Warren Buffett, right? 

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It's him. 
And Warren Buffett that run 

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Berkshire. 
He, you know, he's an investing 

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Legend. 
He also said right, which we 

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covered when they came out, he 
also was a big fan of the 

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Chinese Communist party and how 
they did things. 

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He also specifically said that 
he hated Bitcoin and that it was

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a terrible way for Humanity but 
he also said this, I'll just 

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check out the video. 
The saving some shouldn't burn 

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investor is that or the next 100
years? 

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The currency is going to 0 
That's my working hypothesis. 

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So up offices. 
What's crazy about that right? 

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Is that you have a man that's 
critical of Bitcoin but also 

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admits that the money is a scam 
and he's a smart guy. 

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Okay, so and we've talked about 
this for a very long time, 

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right? 
Most people don't have the means

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to save in equities and real 
estate to escape, you know, the 

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fucking the inflation, the 
hidden tax of inflation, most 

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lower class and middle class 
lower middle class people. 

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They say even cash, right? 
So essentially, when the 

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government prints money, it's a 
redistribution of wealth from 

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the lower and middle classes to,
you know, the top the top of the

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economic pyramid and the state 
right. 

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It's essentially it's this whole
fucked-up redistribution of 

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wealth. 
So the really fucked up part 

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about this is that he wants to 
make the u.s. more like China 

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second part. 
Is he hates Bitcoin and third 

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part, it third part, which makes
All of this worse is that he 

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knows that Fiat is a scam and he
still hates it. 

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That that is, if you open the 
dictionary and you turn to 

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concealing are, if it existed it
would be a picture of Charlie 

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Munger it's set in stone 
anyways. 

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Phil, what are your thoughts on 
this as you were? 

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As you were explaining that I 
was trying to figure out how 

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many companies Berkshire 
Hathaway owns because Berkshire 

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Hathaway is essentially an index
in itself. 

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Why am I looking this up? 
Because you see his position on 

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the Or listen him people like 
him and and Warren Buffett. 

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Don't give a shit. 
What happens to the dollar they 

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own? 
So many companies that produce 

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things that human beings need 
every single day. 

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It's irrelevant to him how what 
money anyone is using because 

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you're going to have to, you're 
going to have to pay to use the 

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essentially the the products and
services that Berkshire Hathaway

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owns. 
So to him, it doesn't matter. 

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They own it. 
They own the majority and we'll 

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save some of the 
highest-quality. 

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Quote-unquote Assets in the 
world besides Bitcoin, of course

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right. 
They don't own Bitcoin because 

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Bitcoin is rat poison because it
goes it essentially makes people

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like him obsolete. 
So you know like it's like he's 

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actually he's used the Fiat 
system to his advantage to 

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borrow Trevor cheapening money 
to own ever more profitable 

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corporations. 
So he likes this game, right 

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him. 
And Warren are experts at this 

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game. 
So anyways to me I mean look 

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it's what he's saying is true 
but we also have to remember 

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where he's coming from, you 
know, and that's why he can 

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safely say it from his Ivory 
Tower. 

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He doesn't care what happens to 
it dude. 

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He is a definition of a 
continuing are like you see him?

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He's Live In the Flesh, he's 
right there. 

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But anyways I'm gonna pass it on
live in the Shia we have 

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Gandalf. 
What's up bro? 

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What's going on guys? 
Thanks for having me on. 

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Thank you for joining us. 
Yeah, so on this. 

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So I don't know if I've spoken 
about this before, but I was a 

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huge. 
I was obsessed with Warren 

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Buffett. 
When I was a teenager, he was 

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like one of my heroes. 
So I my mom gave me the book 

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Rich Dad, Poor Dad. 
When I was 14, and I read that. 

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And that obviously leads you 
down the rabbit hole of, like, 

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you need to invest in assets 
that put money in your pocket 

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and blah blah, blah, right? 
And the thing is just occurred 

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to me, you know, hearing Charlie
Munger speaking describing, you 

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know, he knows Fiats going to 0,
but his solution is invested in.

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Spawns, right? 
And and that's the same thing 

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that I learned. 
When I was a teenager, I was 

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like, you need to learn to 
invest and, and it's what 

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Society drills down into use, 
like, you make money, and then 

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you turn that money into either 
real estate, or stock 

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Investments, or whatever else. 
Like, why hasn't anyone at the 

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at this stage? 
Like, why hasn't anyone to set 

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instead of like trying to take 
these secondary actions to 

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protect people's purchasing 
power and people's wealth? 

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Why haven't they gone to the 
root? 

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Cause of the problem, which is 
the Fiat money and said like, 

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you know, Instead of trying to 
make everyone an investor or a 

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real estate investor or 
stock-picking expert, why not 

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just say actually it's Fiat, 
that's broken, you should be 

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able to earn money and save that
money for the future and not 

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have to become, you know, a 
carpenter and an investor, or a 

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plumber, and an investor, or a 
truck driver and an investor. 

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Why not just a truck driver and 
then you save your money and 

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that's it. 
Like so it seems it's 

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unbelievable to me that people 
like Warren Buffett and Charlie 

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Munger Don't understand that. 
The problem is the money and it,

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you need to fix the root 
problem. 

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Not come up with a secondary 
solution that doesn't fix it, 

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right? 
And I just, it seems bizarre to 

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me, but one Buffett and Charlie 
Munger also famously, like not 

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real, not fans of gold. 
I remember reading that they 

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didn't, I think Warren Buffett 
has any gold at one stage but 

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for or maybe silver for a little
bit but, you know, because it's 

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not. 
It's this whole thing again. 

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It's like it's not a productive 
asset. 

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Well, do you understand money? 
It's not used to be a productive

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00:09:01,300 --> 00:09:03,600
asset. 
It's the same with with crypto 

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people, right? 
But it doesn't do anything. 

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It's not productive. 
I want to put it in get yield. 

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No that's not how it works. 
Yeah. 

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Right go ahead till I was 
quickly just going to say yield 

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of course is not the is not the 
actual use case of the shit coin

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products, right? 
It's the rug pull. 

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The thing is just to get the 
yield is just a separate you 

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from your money but the real use
cases the rug pull in the exit 

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scam. 
So well, I mean the only people 

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who are getting rich in crypto 
the ones like that are creating 

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the tokens out The narrow and 
selling them to naive People 

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00:09:33,800 --> 00:09:36,400
based on promises that they're 
going to get rich quickly. 

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Dude, you touched upon a really 
great point, right? 

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And Parker Lewis actually, wrote
an amazing article called the, 

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the great D financialization and
essentially he's making the same

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00:09:48,300 --> 00:09:51,400
argument. 
That if you're essentially, if 

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you have a certain amount of 
wealth, you just to maintain 

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that wealth, you are forced to 
essentially gamble your Force to

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00:10:00,300 --> 00:10:02,800
buy. 
Buy real estate your Force to 

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00:10:02,800 --> 00:10:06,200
buy equities because if you 
don't write, you keep your money

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in Fiat. 
It's losing value over time. 

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00:10:08,400 --> 00:10:11,800
So it's like you're forced to be
a part-time investor and I think

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you made a really good point. 
Why is that normal? 

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Why can't you just like work and
then save for your wealth and 

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00:10:19,100 --> 00:10:23,000
just put it for a rainy day. 
But it's like, no, you're forced

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00:10:23,200 --> 00:10:26,700
to invest it and that creates 
concealing errors and that 

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creates these giant Wealth 
Management. 

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00:10:30,500 --> 00:10:33,200
That are essentially Giant 
Leeches because think about it, 

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00:10:33,200 --> 00:10:36,500
it's like not that many people, 
you know, that if they certainly

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00:10:36,500 --> 00:10:40,100
make a certain amount of wealth,
they just they want to Outsource

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00:10:40,100 --> 00:10:43,700
the investing, they Outsource 
the investing to, you know, 

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00:10:43,800 --> 00:10:46,200
Morgan Stanley. 
If you're rich enough Goldman 

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00:10:46,200 --> 00:10:49,100
Sachs, right. 
And what the fuck do they do, 

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00:10:49,400 --> 00:10:51,600
right? 
You know, it's like, it's just, 

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00:10:51,600 --> 00:10:54,700
it's all bullshit. 
It's just all bullshit. 

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00:10:54,700 --> 00:10:57,200
It's all enabled by Fiat 
Bitcoin. 

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00:10:57,200 --> 00:11:00,700
Absolutely fixes this. 
And it enables the average do Do

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00:11:00,800 --> 00:11:04,900
to save for a better tomorrow 
without having to take on risk. 

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00:11:04,900 --> 00:11:06,400
Really? 
That's the beauty of it. 

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00:11:06,400 --> 00:11:08,800
But anyways Phil it's time for 
the daily fail. 

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00:11:08,900 --> 00:11:11,300
Brought to you by Ember app. 
Check them out. 

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00:11:11,300 --> 00:11:14,800
Amber dot app. 
It is the easiest and best way 

211
00:11:14,800 --> 00:11:19,200
to buy Bitcoin. 
Smart automation, low fees, Fair

212
00:11:19,200 --> 00:11:22,500
spreads. 
The link is down below ammo, 

213
00:11:23,200 --> 00:11:27,000
smart way, stuck sets. 
We've got two completely 

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00:11:27,000 --> 00:11:29,900
unrelated fails but they are 
both. 

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00:11:30,400 --> 00:11:32,700
Both strong fails in their own. 
Right. 

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00:11:32,800 --> 00:11:36,300
Let's dive right into it tagged 
by Lucky red fish in this one 

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00:11:36,500 --> 00:11:39,400
having to do with the trucker 
Convoy and Trudeau and Canada 

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00:11:39,400 --> 00:11:41,300
and all that fun stuff that's 
going on over there. 

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00:11:41,600 --> 00:11:43,100
So here we go. 
Trudeau has ended the 

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00:11:43,100 --> 00:11:46,100
emergencies act. 
Would this be the reason? 

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00:11:46,100 --> 00:11:49,300
And would that make it a fail? 
It's a very good question. 

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00:11:49,300 --> 00:11:52,000
Lucky redfish. 
Very good question, what is he 

223
00:11:52,000 --> 00:11:54,900
talking about? 
Let's take a look at this tweet 

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00:11:54,900 --> 00:12:00,300
here from Bitcoin Aficionado. 
Now, again, it's a tweet, I 

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00:12:00,308 --> 00:12:03,500
don't have any, you know, Source
material besides this, but we're

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00:12:03,500 --> 00:12:05,800
going to move on to an article 
about Trudeau in a second. 

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And I do think that there's a 
very strong point here. 

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00:12:08,700 --> 00:12:10,500
Okay? 
So let's dive into this tweet 

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00:12:11,100 --> 00:12:14,100
Bitcoin. 
Aficionado said he was forced to

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00:12:14,100 --> 00:12:19,400
buy the big Banks he and they're
talking about Trudeau, halting 

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00:12:19,600 --> 00:12:21,600
the emergencies act. 
Okay? 

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00:12:22,300 --> 00:12:25,000
This Tweeter is claiming that he
was forced to Halt it. 

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00:12:25,000 --> 00:12:27,300
By the five. 
Big Banks, I have contacts at 

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the Royal Bank of Canada the 
transfer of funds. 

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Out is off the charts. 
I have no knowledge of walk-in, 

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00:12:34,000 --> 00:12:37,900
mom-and-pop withdrawals, but 
transfers and Bank drafts are 

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00:12:37,900 --> 00:12:42,600
extreme. 
I've been told so being a 

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Canadian, I know that there's 
there's only five National Banks

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00:12:44,900 --> 00:12:46,600
and over there. 
There really aren't there isn't 

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00:12:46,600 --> 00:12:49,500
the type of banking system that 
we have here in the US. 

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00:12:49,500 --> 00:12:51,800
Like you don't really have too 
many credit unions and stuff 

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00:12:51,800 --> 00:12:53,400
like that Independent Bank's 
like over there. 

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00:12:53,400 --> 00:12:58,000
It's really predominantly the 
National Banks and don't get me 

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00:12:58,000 --> 00:13:00,800
wrong. 
But this kind of would Par for 

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00:13:00,800 --> 00:13:04,400
the course that the banks are 
telling the government what to 

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00:13:04,400 --> 00:13:07,800
do, 2008-2009 mortgage crisis, 
anyways. 

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00:13:08,000 --> 00:13:12,100
Alright let's let's let's move 
on to the actual article, right?

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00:13:13,400 --> 00:13:16,600
Justin Trudeau revokes emergency
powers used to Target. 

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00:13:16,600 --> 00:13:19,800
The freedom Convoy Trudeau 
received Fierce backlash for 

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00:13:19,800 --> 00:13:22,300
enacting the powers on a mostly 
peaceful protest. 

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00:13:22,300 --> 00:13:25,800
Jason Kenney, the premiere of 
the Canadian province of Alberta

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00:13:26,100 --> 00:13:29,400
announced Saturday that he was 
suing the federal government of 

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Canada and prime minister Justin
Trudeau for their use of the 

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00:13:33,000 --> 00:13:36,600
emergencies act calling the move
unjustified in the 

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00:13:36,600 --> 00:13:38,900
circumstances. 
The situation in Ottawa is 

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00:13:38,900 --> 00:13:42,100
serious Law and Order has to be 
restored, Kenny said, at the 

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00:13:42,100 --> 00:13:45,700
time, but the emergencies Act 
was designed to come into effect

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00:13:45,700 --> 00:13:50,500
at the failure of the state in 
the event of a coupe or 

259
00:13:50,500 --> 00:13:55,000
Insurrection that threatened to 
topple, Canada's Democratic 

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00:13:55,000 --> 00:13:57,800
institutions. 
However, there is no 

261
00:13:57,800 --> 00:14:01,100
Insurrection or Coupe. 
Servant of members of 

262
00:14:01,100 --> 00:14:04,600
parliament, Philip Lawrence also
said that the wording of the 

263
00:14:04,600 --> 00:14:08,000
emergencies act, grants the 
federal government far-reaching 

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00:14:08,000 --> 00:14:11,400
authority to freeze. 
The accounts of people only 

265
00:14:11,600 --> 00:14:14,600
tangent Lee involved in the 
protest. 

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00:14:14,900 --> 00:14:16,800
The debunking provisions are so 
broad that. 

267
00:14:16,800 --> 00:14:20,300
Literally a clerk at a quicky 
Mart who sold a propane canister

268
00:14:20,300 --> 00:14:23,400
to a protester could have his 
accounts. 

269
00:14:23,400 --> 00:14:27,000
Frozen Lawrence claimed is 
unclear what will happen to 

270
00:14:27,000 --> 00:14:31,200
those arrested and when 
individuals will have Access to 

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00:14:31,200 --> 00:14:36,600
their bank accounts again. 
So, look, I think my personal 

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00:14:36,600 --> 00:14:38,400
opinion before we dive into the 
next fail. 

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00:14:38,400 --> 00:14:42,000
My personal opinion, is that he 
absolutely was pressured by the 

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00:14:42,000 --> 00:14:46,700
bank's because I saw a lot of 
activity, calling for Bank runs 

275
00:14:46,700 --> 00:14:49,600
and calling for people to pull 
their money out of the banks as 

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00:14:49,600 --> 00:14:53,200
quickly as possible, and don't 
get me wrong, but that's the 

277
00:14:53,200 --> 00:14:54,900
scariest thing to see your 
government. 

278
00:14:54,900 --> 00:14:59,500
Starting to cease to seize and 
freeze bank accounts. 

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00:15:00,300 --> 00:15:02,700
Right away, you're going to be 
like, all right, I'm gonna go 

280
00:15:02,700 --> 00:15:06,100
and pull up my money so I 
personally don't think that it's

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00:15:06,100 --> 00:15:09,900
the pressure from the premier of
Alberta that got him to because 

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00:15:09,900 --> 00:15:12,800
there were many people calling 
out what he was doing and then 

283
00:15:12,800 --> 00:15:17,600
all of a sudden just changes his
tune 180 degrees overnight, I'm 

284
00:15:17,600 --> 00:15:20,800
pretty sure he got called by the
people paying his bills. 

285
00:15:21,800 --> 00:15:25,300
I'm pretty sure he got called by
the people that he answers to 

286
00:15:25,300 --> 00:15:28,800
even though it would seem as 
though, they answer to him. 

287
00:15:29,000 --> 00:15:31,400
So you saying the Anchors. 
Control Canada. 

288
00:15:32,100 --> 00:15:34,900
No, of course. 
Not, of course, not the central 

289
00:15:34,900 --> 00:15:36,700
Bankers. 
Don't don't control anything. 

290
00:15:37,000 --> 00:15:38,900
Yes. 
Oh, look, there's no way to 

291
00:15:38,900 --> 00:15:42,000
confirm that, you know, that was
the cause of it. 

292
00:15:42,000 --> 00:15:47,000
However, I based on my own 
sources, got the same message, 

293
00:15:47,000 --> 00:15:48,200
right? 
Is that he freaked out? 

294
00:15:48,200 --> 00:15:52,600
A lot of people, there's going 
to be around 20% of Canada, that

295
00:15:52,600 --> 00:15:55,600
never trust the banking system 
again, right? 

296
00:15:56,100 --> 00:15:59,100
And remember, one of the 
horrible things of this is that 

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00:15:59,100 --> 00:16:05,000
it was So when you donated These
funds to the truckers, it wasn't

298
00:16:05,000 --> 00:16:07,800
illegal, right? 
But they still froze, people's 

299
00:16:07,800 --> 00:16:11,000
accounts that donated 
retroactively. 

300
00:16:11,300 --> 00:16:14,200
So they said after the fact if 
that was illegal. 

301
00:16:14,200 --> 00:16:18,400
Now what you did back then was 
illegal and if you look at law, 

302
00:16:18,400 --> 00:16:19,600
that's never. 
I'm not a lawyer. 

303
00:16:19,600 --> 00:16:21,900
But, you know, from my research,
right? 

304
00:16:21,900 --> 00:16:24,700
You can't do that in law, right?
Law becomes law. 

305
00:16:25,000 --> 00:16:27,900
The moment that it's signed and 
everything after that is 

306
00:16:27,900 --> 00:16:32,100
illegal, right? 
So so much Much nuts there. 

307
00:16:32,100 --> 00:16:35,000
And I again, I wouldn't be 
surprised that he spooked so 

308
00:16:35,000 --> 00:16:38,900
many people that so many people 
were just pulling their money 

309
00:16:39,100 --> 00:16:41,400
out of the banking system. 
And if you guys know how the 

310
00:16:41,400 --> 00:16:45,400
banking system works, it's not 
even for actually reserved 

311
00:16:45,400 --> 00:16:47,200
anymore. 
Now we have a zero Reserve 

312
00:16:47,200 --> 00:16:49,500
requirement. 
Meaning, if you put your money 

313
00:16:49,500 --> 00:16:53,200
in the bank, the bank doesn't 
have to keep that money on its 

314
00:16:53,200 --> 00:16:56,300
balance sheet in fax. 
It loans, it out to people, it 

315
00:16:56,300 --> 00:17:00,400
makes interest on that loan and 
essentially what they have, He 

316
00:17:00,400 --> 00:17:03,000
was a liability. 
So let's say you would draw 

317
00:17:03,000 --> 00:17:06,200
money from a bank. 
The bank is liable to cover, you

318
00:17:06,200 --> 00:17:07,500
know, how much you're 
withdrawing. 

319
00:17:07,500 --> 00:17:09,900
But the problem is, this is 
called a bank run. 

320
00:17:10,099 --> 00:17:13,400
If everybody would draws their 
money at the same time, they 

321
00:17:13,400 --> 00:17:15,700
don't have that money on hand, 
right? 

322
00:17:15,800 --> 00:17:17,800
And especially, you know, it 
when it was for actually, 

323
00:17:17,800 --> 00:17:20,800
reserved, it was bad. 
Now it's 0 reserved, meaning, 

324
00:17:20,800 --> 00:17:24,099
they don't have anything, it's 
even worse, right? 

325
00:17:24,099 --> 00:17:27,900
So it's just a hairy, very hairy
situation and again, this is 

326
00:17:27,900 --> 00:17:30,800
this is something called an 
unintended Consequence. 

327
00:17:30,800 --> 00:17:34,800
And when you start a war or when
you do these Brash orders, which

328
00:17:34,800 --> 00:17:38,400
is why they're called emergency 
Powers right to when they're 

329
00:17:38,400 --> 00:17:43,100
truly forward emergency there's 
gonna be millions of unintended 

330
00:17:43,100 --> 00:17:45,800
consequences that you're not 
even aware of, right. 

331
00:17:45,800 --> 00:17:48,800
I think that there's a 
generation or poor population of

332
00:17:48,800 --> 00:17:53,000
Canada that's never going to 
trust the banking system again 

333
00:17:53,300 --> 00:17:58,300
and I hopefully some of those 
find Bitcoin and hopefully they 

334
00:17:58,300 --> 00:18:01,300
see that there's a much better 
Way, right? 

335
00:18:01,600 --> 00:18:03,700
But I might be hopeful there. 
Let's see. 

336
00:18:03,700 --> 00:18:06,300
Anyways, Gandalf. 
What are your thoughts on this? 

337
00:18:07,500 --> 00:18:11,600
I think I'll kick it off with 
the money. 

338
00:18:11,600 --> 00:18:14,900
Your money in the bank is no 
longer your money. 

339
00:18:15,400 --> 00:18:17,900
In fact, it's not even there, 
like, you just pointed out Nico.

340
00:18:17,900 --> 00:18:20,100
So people should keep that in 
mind where the money goes in the

341
00:18:20,100 --> 00:18:22,000
bank. 
It's now the now the bank's 

342
00:18:22,000 --> 00:18:26,200
money and it's not even actually
there if everyone tried to 

343
00:18:26,200 --> 00:18:30,000
withdraw their money at the same
time, they would not be able to 

344
00:18:30,800 --> 00:18:33,400
You know, there'd be cobwebs 
coming out of the ATM's. 

345
00:18:34,500 --> 00:18:38,300
But, yeah, I mean, this this I 
was surprised by the Trudeau 

346
00:18:38,300 --> 00:18:43,100
move and given their stance, you
know, up until this point, it 

347
00:18:43,100 --> 00:18:47,100
definitely seems like a forced 
reaction to something that's 

348
00:18:47,100 --> 00:18:49,700
happened. 
Internally, I hadn't heard this 

349
00:18:50,700 --> 00:18:53,900
this theory that it's because of
the bank's putting pressure on 

350
00:18:53,900 --> 00:18:55,200
him, but it makes complete 
sense. 

351
00:18:55,200 --> 00:18:58,000
You know, if they're seeing 
massive outflows, particularly 

352
00:18:58,000 --> 00:19:01,000
going to crypto exchanges, are 
you know, Buy Bitcoin and 

353
00:19:01,000 --> 00:19:04,600
whatever else, I'm sure that 
that worries them I've heard 

354
00:19:04,600 --> 00:19:08,100
stories as well of, you know, 
banked wanting to bring in 

355
00:19:08,700 --> 00:19:11,800
in-house and allowing people to 
buy Bitcoin and whatever else in

356
00:19:11,800 --> 00:19:15,900
house because they see the 
outflows going to account on 

357
00:19:15,900 --> 00:19:18,400
exchanges and people just 
pouring like billions and 

358
00:19:18,400 --> 00:19:20,600
billions and billions of dollars
into into buying 

359
00:19:20,600 --> 00:19:24,300
cryptocurrencies. 
So it makes sense that, well, 

360
00:19:24,400 --> 00:19:26,700
yeah. 
And act like that is actually 

361
00:19:26,700 --> 00:19:30,000
pushing everyone towards money 
that which you can, you know, 

362
00:19:30,100 --> 00:19:33,000
Would you can hold yourself? 
I wish I could have been a fly 

363
00:19:33,000 --> 00:19:37,400
on the wall as Trudeau's getting
told off the you know like a 

364
00:19:37,400 --> 00:19:39,900
young child like a parent to a 
young child like what are you 

365
00:19:39,900 --> 00:19:41,300
doing? 
And he's like no we should 

366
00:19:41,300 --> 00:19:42,900
definitely do. 
We need to keep their badges. 

367
00:19:42,900 --> 00:19:48,200
He's like, no take it off. 
So but so I've some Canadian 

368
00:19:48,200 --> 00:19:51,000
friends who mentioned it could 
also be because it hasn't I 

369
00:19:51,000 --> 00:19:55,300
think like the emergencies Act 
passed in the house, but then 

370
00:19:55,300 --> 00:19:58,400
there's also has to pass in the 
senate or something like that. 

371
00:19:58,400 --> 00:20:02,400
Some other Ver of Congress. 
I don't know if that's correct. 

372
00:20:02,400 --> 00:20:03,800
I don't know that much about 
Canadian politics. 

373
00:20:03,800 --> 00:20:06,200
And apparently, there was a 
danger that it would not pass, 

374
00:20:07,300 --> 00:20:10,500
and so, obviously a terrible, 
right? 

375
00:20:10,500 --> 00:20:13,200
So, he pulled it before they 
said, no. 

376
00:20:13,200 --> 00:20:16,000
He's now saying, oh, it's okay. 
I'm doing this by, you know, the

377
00:20:16,000 --> 00:20:18,900
skin of my own, you know, what? 
It was the same as it was when 

378
00:20:18,900 --> 00:20:22,000
it was, it was Matt, it was 
passed to the Canadian Senate 

379
00:20:22,200 --> 00:20:25,700
and the Senate started asking 
they were started inquiring, 

380
00:20:25,700 --> 00:20:30,000
whatever inquiries on, what was 
your justification for? 

381
00:20:30,100 --> 00:20:33,100
For the emergencies act and a 
court. 

382
00:20:33,100 --> 00:20:37,600
That's another reason or Theory 
as to why he pulled it as well, 

383
00:20:37,600 --> 00:20:38,900
right? 
So I think it was just a 

384
00:20:38,908 --> 00:20:42,200
combination of things, right? 
You go through Occam's razor 

385
00:20:42,200 --> 00:20:44,800
right that thing, right? 
Just it's you know, it's 

386
00:20:44,800 --> 00:20:47,000
obviously I think it was a 
combination of thing, the 

387
00:20:47,000 --> 00:20:50,000
International Community. 
I think reacted savagely. 

388
00:20:50,200 --> 00:20:52,600
I know that there was some 
communities in Canada, which 

389
00:20:52,600 --> 00:20:55,100
happens to be on the left hand 
side, by the way, politically 

390
00:20:55,100 --> 00:20:57,900
speaking, and they were speaking
out against it. 

391
00:20:57,900 --> 00:21:00,600
So I think that it was just a 
bunch of pressure I think he got

392
00:21:00,600 --> 00:21:03,300
what he wanted, right? 
He cleared out all the, all the 

393
00:21:03,300 --> 00:21:06,400
dangerous bouncy house, houses, 
out of Ottawa, right? 

394
00:21:06,400 --> 00:21:09,800
So you know, like at what point?
Anyways, Phil what is the next 

395
00:21:09,800 --> 00:21:12,300
fail? 
All right, let's dive into it. 

396
00:21:12,600 --> 00:21:16,200
Here we go, let's dive into it. 
Let's dive into, let's dive into

397
00:21:16,200 --> 00:21:18,900
some some ridiculous nonsense. 
Here. 

398
00:21:18,900 --> 00:21:21,000
We go at Nathan. 
See. 

399
00:21:21,000 --> 00:21:25,400
Roth, this is wild and he's 
talking about a tweet Storm from

400
00:21:25,400 --> 00:21:27,200
Brian Armstrong. 
We are going to dive right into 

401
00:21:27,200 --> 00:21:29,900
this. 
Some folks ask for details. 

402
00:21:30,100 --> 00:21:33,500
Of how our Super Bowl ad came to
be here is the quick back story.

403
00:21:34,600 --> 00:21:37,000
We bought it not we bought it, 
not knowing what we would do, 

404
00:21:37,000 --> 00:21:40,300
initially an outside agency 
pitched us a bunch of standard 

405
00:21:40,300 --> 00:21:42,700
Super Bowl ad ideas. 
I didn't like any of them 

406
00:21:42,700 --> 00:21:45,900
standard Super Bowl ads tend to 
be gimmicky celebrity Cameo 

407
00:21:45,900 --> 00:21:50,300
driven going for a laugh side 
note, it never made sense to me 

408
00:21:50,300 --> 00:21:53,100
why I should like a product 
because a famous person got paid

409
00:21:53,100 --> 00:21:56,100
to say, they like it. 
So we went back and brainstormed

410
00:21:56,100 --> 00:21:57,600
came up with a bunch of wild 
ideas. 

411
00:21:57,900 --> 00:22:02,100
Some of these will be some of 
these We will do down the road 

412
00:22:02,100 --> 00:22:04,400
but didn't have enough time to 
produce. 

413
00:22:04,400 --> 00:22:09,400
Think Apple 1984 some crypto 
native Stuff, Etc. 

414
00:22:09,800 --> 00:22:12,100
We were running short of time a 
few weeks and one of the 

415
00:22:12,100 --> 00:22:17,400
original ideas, we had included 
putting a QR code at the end. 

416
00:22:17,500 --> 00:22:20,200
This was partially inspired by 
reddit's Super Bowl, commercial 

417
00:22:20,200 --> 00:22:23,600
at previous Super Bowl. 
Key Insight was if you can only 

418
00:22:23,600 --> 00:22:27,100
flash something on screen for a 
moment, people will Google it 

419
00:22:27,100 --> 00:22:29,900
later. 
How do we get them from TV to? 

420
00:22:30,000 --> 00:22:34,200
Phone to convert and here he 
gets a response from Kristen 

421
00:22:34,200 --> 00:22:36,400
Cavallo which we're going to 
find out in a second who Kirsten

422
00:22:36,400 --> 00:22:38,600
is, was actually inspired by 
presentations. 

423
00:22:38,600 --> 00:22:42,800
Our agency, showed your team on,
818 Pages, 19, to 24 and ten 

424
00:22:42,800 --> 00:22:47,700
seven pages, 11 to 18 with ADD 
concepts for the Super Bowl with

425
00:22:47,700 --> 00:22:50,100
floating QR codes on a blank 
screen. 

426
00:22:52,900 --> 00:22:53,500
Oh, yeah. 
Here we go. 

427
00:22:53,500 --> 00:22:55,800
So Chris, it was, it was Chris 
57k. 

428
00:22:55,800 --> 00:22:58,400
Alum of the tightness in this 
and he goes I'd like to report a

429
00:22:58,408 --> 00:23:01,100
murder dude. 
That's so This is great. 

430
00:23:01,100 --> 00:23:04,500
So hold on. 
So this Tweeter responds back 

431
00:23:04,900 --> 00:23:08,300
Gene Gene roses. 
Something is wrong in this guy's

432
00:23:08,300 --> 00:23:09,800
brain. 
So here we go. 

433
00:23:10,300 --> 00:23:13,300
I guess if there's a lesson here
it's that constraints breed 

434
00:23:13,300 --> 00:23:16,200
creativity and that is Founders.
You can Empower your team to 

435
00:23:16,200 --> 00:23:19,200
break the rules on marketing 
because you're not trying to 

436
00:23:19,200 --> 00:23:23,200
impress your peers at adweek or 
wherever no Ad Agency would have

437
00:23:23,200 --> 00:23:27,000
done this ad and then Kristen 
responds again except an ad 

438
00:23:27,000 --> 00:23:29,900
agency. 
Did that add okay. 

439
00:23:30,000 --> 00:23:30,900
So hold on. 
So hold on. 

440
00:23:30,900 --> 00:23:32,700
Right. 
Well you did some digging, huh? 

441
00:23:35,500 --> 00:23:38,200
Okay, so so hold on a second. 
So here we go. 

442
00:23:38,300 --> 00:23:43,200
So this is this is now we're 
going to go into the responses 

443
00:23:43,300 --> 00:23:46,100
from Kristen and who Kristen, 
you know, who Kristen is. 

444
00:23:46,200 --> 00:23:50,300
So Armstrong's tweets, drew a 
sharp response from Martin 

445
00:23:50,300 --> 00:23:54,800
Agency, CEO Kristen Cavallo, who
wrote back that her team had, 

446
00:23:54,800 --> 00:23:58,400
originally pitched, the idea for
the commercial to coinbase in 

447
00:23:58,400 --> 00:24:04,200
meeting that Dated back to last 
August and we're going to show 

448
00:24:04,200 --> 00:24:08,200
you that coinbase actually had 
hired, this marketing agency 

449
00:24:08,400 --> 00:24:11,000
last May. 
So, the timelines totally fit 

450
00:24:11,000 --> 00:24:13,500
out. 
Anyways, Kavala later, expand 

451
00:24:13,600 --> 00:24:18,600
later, expanded on her reasons 
for calling out Armstrong in a 

452
00:24:18,608 --> 00:24:21,500
LinkedIn. 
Post before we go to that post. 

453
00:24:21,700 --> 00:24:23,900
Here's her Twitter deed. 
Here we go. 

454
00:24:23,900 --> 00:24:26,600
Swashbuckling mama, takes her 
kids on International escapades,

455
00:24:26,600 --> 00:24:29,900
and the CEO of The Martin 
Agency, okay? 

456
00:24:30,000 --> 00:24:32,200
Great. 
That part checks out this was. 

457
00:24:32,300 --> 00:24:34,900
Unfortunately, there was no real
news behind them, getting hired 

458
00:24:34,900 --> 00:24:38,600
by coin basis because who gives 
a shit, but anyways, they did 

459
00:24:38,600 --> 00:24:41,000
have it published themselves. 
So I just wanted to show May 

460
00:24:41,000 --> 00:24:45,900
5th, 2021, coinbase names, The 
Martin Agency, its creative 

461
00:24:45,900 --> 00:24:49,700
agency of record. 
Let's dive into her LinkedIn 

462
00:24:49,700 --> 00:24:52,200
post. 
Here we go because she went on 

463
00:24:52,200 --> 00:24:56,600
to explain why she responded 
back to Ryan Armstrong. 

464
00:24:56,600 --> 00:24:58,700
Here we go. 
Yesterday, I responded to a 

465
00:24:58,700 --> 00:25:01,900
tweet thread and my It's struck 
a chord perhaps. 

466
00:25:01,900 --> 00:25:04,900
This is an opportunity to create
positive change for the 

467
00:25:04,900 --> 00:25:07,700
industry. 
My tweet wasn't about IP or 

468
00:25:07,700 --> 00:25:09,800
credit. 
I understand multiple agencies 

469
00:25:09,800 --> 00:25:13,500
can arrive at a similar idea. 
I objected to the dismissive 

470
00:25:13,500 --> 00:25:17,900
tone of the thread and the 
denigration of ad agencies. 

471
00:25:18,000 --> 00:25:21,500
I felt compelled to respond to 
the bravado of no agency would 

472
00:25:21,500 --> 00:25:25,500
have done this ad, because in 
fact, an agency, did the purpose

473
00:25:25,500 --> 00:25:29,000
of my response was to stand up 
for agencies and creatives and 

474
00:25:29,000 --> 00:25:33,100
the value we We provide 
advertising is seen by everyone,

475
00:25:33,300 --> 00:25:36,900
but not everyone is cable 
capable of creating effective 

476
00:25:36,900 --> 00:25:39,300
memorable ads. 
That's why so many failed to 

477
00:25:39,300 --> 00:25:42,300
capture or retain attention 
respecting, the discipline 

478
00:25:42,500 --> 00:25:46,400
requires clients who value our 
work as an economic multiplier, 

479
00:25:46,700 --> 00:25:50,000
and it requires an industry. 
That knows it's worth. 

480
00:25:50,800 --> 00:25:53,900
I wrote because somebody needed 
to, not because it was one 

481
00:25:53,900 --> 00:25:57,900
agencies idea versus another. 
But because the whole thread was

482
00:25:57,900 --> 00:26:03,300
Unbecoming and Sorry. 
And in this case, incorrect now 

483
00:26:03,300 --> 00:26:05,200
we're going to, we're going to 
go back and take a look at 

484
00:26:05,200 --> 00:26:07,800
something here. 
Very quickly in this tweet 

485
00:26:07,800 --> 00:26:09,800
thread. 
Now, interestingly, there were 

486
00:26:09,800 --> 00:26:13,100
other people from coinbase that 
chimed in like the marketing 

487
00:26:13,100 --> 00:26:15,500
officer from coinbase. 
So we're just going to add. 

488
00:26:15,500 --> 00:26:18,400
I to me, this is like adding 
fuel to the fire. 

489
00:26:19,200 --> 00:26:22,500
This is very childish and a 
major corporation like this 

490
00:26:22,700 --> 00:26:25,900
should have eaten some frickin 
Crow and gotten on with their 

491
00:26:25,900 --> 00:26:28,600
lives. 
But anyways let's continue coin 

492
00:26:28,600 --> 00:26:31,700
basis, Chief marketing. 
Officer Kate brauch eventually 

493
00:26:31,700 --> 00:26:34,700
replied to Kavala sweet 
acknowledging that ad agencies 

494
00:26:34,700 --> 00:26:37,100
were involved in. 
Developing the concept. 

495
00:26:37,200 --> 00:26:41,800
However she pushed back on the 
notion that the idea was taken 

496
00:26:41,800 --> 00:26:45,100
from Martin Agency. 
Oh well we're not going to let 

497
00:26:45,100 --> 00:26:47,800
you have that not gonna let you 
have that piece. 

498
00:26:48,100 --> 00:26:49,900
So here's the actual tweet from 
Kate. 

499
00:26:50,100 --> 00:26:54,100
It's always tough when an agency
of record is chosen right before

500
00:26:54,100 --> 00:26:58,500
a CMO starts. 
Ultimately, when I on-boarded, I

501
00:26:58,500 --> 00:27:02,000
made the call that the Agency 
wasn't a fit for coinbase. 

502
00:27:02,200 --> 00:27:04,700
They are a strong agency and I'm
sorry, they left the 

503
00:27:04,708 --> 00:27:07,700
relationship with a bad feeling 
so don't get me wrong. 

504
00:27:07,700 --> 00:27:11,800
But this just to me sounds and 
this is my personal take because

505
00:27:11,800 --> 00:27:14,800
I have been involved with 
marketing, for massive 

506
00:27:14,800 --> 00:27:18,200
companies, like this, and it's 
not unusual for people to steal 

507
00:27:18,200 --> 00:27:21,200
other people's ideas. 
Okay, it's not people are 

508
00:27:21,200 --> 00:27:23,500
scumbags. 
Everybody is trying to rise to 

509
00:27:23,500 --> 00:27:27,100
the top of an invisible pyramid 
and I'm not saying that every 

510
00:27:27,100 --> 00:27:29,000
single person you're going to 
work with is a scumbag. 

511
00:27:29,100 --> 00:27:31,500
But I can tell you when twenty 
years of working for major 

512
00:27:31,500 --> 00:27:34,000
corporations, there's enough 
scumbags to go around. 

513
00:27:34,200 --> 00:27:35,700
Okay? 
So I'm just not putting it past 

514
00:27:35,700 --> 00:27:37,300
this person. 
I'm not saying that she's guilty

515
00:27:37,300 --> 00:27:39,300
of this. 
I'm just saying you have to be 

516
00:27:39,300 --> 00:27:42,900
objective, okay? 
It's kind of convenient that 

517
00:27:42,900 --> 00:27:46,100
this new person came in, got rid
of this agency and then their 

518
00:27:46,100 --> 00:27:49,500
idea gets used, just saying, all
right, just to wrap it off here,

519
00:27:49,500 --> 00:27:51,300
coin basis. 
Chief product officer said, the 

520
00:27:51,308 --> 00:27:55,200
platform was forced to 
temporarily throttle traffic to 

521
00:27:55,200 --> 00:27:57,700
the site, due to the surge in 
activity. 

522
00:27:57,900 --> 00:28:01,800
And this was after the ad, so, 
This is very interesting to me. 

523
00:28:01,800 --> 00:28:06,200
Why did I end it off like this? 
Because back in 2017, coinbase 

524
00:28:06,200 --> 00:28:08,300
couldn't handle its traffic back
then. 

525
00:28:08,600 --> 00:28:11,600
Okay, it couldn't handle its 
traffic at the beginning of this

526
00:28:11,600 --> 00:28:14,700
bull run and again it couldn't 
handle the traffic after the 

527
00:28:14,700 --> 00:28:18,000
Super Bowl ad. 
So all this tells me is instead 

528
00:28:18,000 --> 00:28:22,300
of instead of trying to sell the
sizzle, why don't you just 

529
00:28:22,300 --> 00:28:27,200
actually build a proper back end
to your shit coin platform as so

530
00:28:27,200 --> 00:28:28,700
that it doesn't keep getting 
sorry. 

531
00:28:28,800 --> 00:28:31,800
I have a theory as to why I 
actually haven't been able to so

532
00:28:32,000 --> 00:28:35,100
because it's a quote-unquote 
crypto company, they can't rely 

533
00:28:35,100 --> 00:28:38,500
so Twitter for example uses AWS,
right? 

534
00:28:38,700 --> 00:28:41,400
But Twitter is in handling 
people's money, okay? 

535
00:28:41,600 --> 00:28:44,900
So I think that they have to 
build out their whole back end 

536
00:28:44,900 --> 00:28:48,100
meaning like actual physical 
infrastructure, right? 

537
00:28:48,100 --> 00:28:52,200
So I think that's why they're 
having trouble scaling the way 

538
00:28:52,200 --> 00:28:54,700
they are dude because think 
about it they have to buy those 

539
00:28:54,700 --> 00:28:58,000
servers and you and I both know 
servers are very expensive, 

540
00:28:58,200 --> 00:29:00,000
right? 
So that whole back end, they 

541
00:29:00,100 --> 00:29:02,600
Have to build out physically 
themselves as I don't think it's

542
00:29:02,600 --> 00:29:04,900
as easy as Twitter. 
It's like oh let's expand let's 

543
00:29:04,900 --> 00:29:07,700
buy more AWS space. 
You know which you and I both 

544
00:29:07,700 --> 00:29:16,200
know feels very easy to do. 
So look at the end of the day, a

545
00:29:16,200 --> 00:29:20,600
shit coin exchange shit coins. 
Rug pulls this Ad Agency 

546
00:29:20,600 --> 00:29:25,800
potentially we don't know steals
their idea and let me touch a 

547
00:29:25,808 --> 00:29:27,400
little bit about the Ad Agency 
thing. 

548
00:29:27,400 --> 00:29:31,500
I think it's a dying medium. 
I think social Just and the 

549
00:29:31,500 --> 00:29:34,800
internet in general, really, 
like, ad agencies used to be 

550
00:29:34,800 --> 00:29:37,500
huge, right? 
But I think it took away a lot 

551
00:29:37,500 --> 00:29:39,600
of their business per se, right?
Because, you know, you could 

552
00:29:39,600 --> 00:29:42,500
just have influencers and 
they'll promote your product and

553
00:29:42,500 --> 00:29:45,400
it's a lot. 
I think it's more effective in 

554
00:29:45,400 --> 00:29:48,700
my opinion, then you know, using
a traditional ad and then 

555
00:29:48,700 --> 00:29:50,700
there's the case. 
It's like who really watches 

556
00:29:50,700 --> 00:29:52,400
ads? 
I don't watch ads, right? 

557
00:29:52,400 --> 00:29:54,500
Phil do you watch ads? 
Like who the fuck watches ads, 

558
00:29:54,500 --> 00:29:55,900
right? 
Unless you're, you know, 

559
00:29:55,900 --> 00:29:58,300
watching cable news but not that
many people watch cable news 

560
00:29:58,300 --> 00:30:00,400
anymore, right? 
So it's like, Like you could 

561
00:30:00,400 --> 00:30:02,700
always pay for you to premium, 
if you don't want to wait for 

562
00:30:02,700 --> 00:30:05,400
the ads and YouTube premium. 
I mean, for the ads on YouTube 

563
00:30:05,400 --> 00:30:08,200
to, it's like I make sure you 
watch like five seconds, right? 

564
00:30:08,200 --> 00:30:12,600
So again, I think it's a dying 
medium in general. 

565
00:30:13,200 --> 00:30:15,600
So, I think she has to protect 
her, keep, so to speak. 

566
00:30:15,600 --> 00:30:19,200
I think that that really got 
under her nails that Armstrong 

567
00:30:19,200 --> 00:30:22,600
was just like, yeah, we came up 
with this ourself, but at the 

568
00:30:22,600 --> 00:30:26,500
same time, perhaps you should 
have posted proof, you know? 

569
00:30:26,500 --> 00:30:29,100
Because she didn't say anything.
I mean, she did she did say the 

570
00:30:29,100 --> 00:30:31,600
number and the page. 
Age in the this but it's like 

571
00:30:31,700 --> 00:30:34,200
maybe she was, you know, tie her
hands were tied because of an 

572
00:30:34,200 --> 00:30:37,800
NDA, but I don't know, man. 
It, you know, that these things 

573
00:30:37,800 --> 00:30:40,100
you just kind of have to believe
them at their word but you don't

574
00:30:40,100 --> 00:30:42,800
know you don't know what to say,
it's very it. 

575
00:30:42,800 --> 00:30:46,200
I'll just say this, the CMO, the
chief marketing officer of of 

576
00:30:46,200 --> 00:30:52,600
coinbase was awfully defensive 
and she had a fucking nft as her

577
00:30:52,600 --> 00:30:56,400
profile picture just to kind of 
get you a look into what those 

578
00:30:56,400 --> 00:30:58,000
shit Corners are doing back 
there. 

579
00:30:58,300 --> 00:31:01,600
Oh my God. 
Not Surprised anyways, Gandalf. 

580
00:31:01,600 --> 00:31:02,500
What are your thoughts on all 
this? 

581
00:31:03,400 --> 00:31:07,100
Yeah, I mean I thought they the 
seat, there's the CEO of the 

582
00:31:07,100 --> 00:31:09,100
modern agency. 
I thought she handled it like 

583
00:31:09,100 --> 00:31:11,700
with Grace and beautifully and 
she made a good point like you 

584
00:31:11,700 --> 00:31:14,300
can't we can't really say 
whether they stole the idea that

585
00:31:14,300 --> 00:31:16,500
install the idea and she even 
acknowledged that you know many 

586
00:31:16,500 --> 00:31:17,800
people can come up with the same
idea. 

587
00:31:17,800 --> 00:31:19,200
We see this on Twitter all the 
time. 

588
00:31:19,200 --> 00:31:22,700
How many times like we seen the 
same time sort of like Twist on 

589
00:31:22,700 --> 00:31:25,200
something by different people 
because this it's like a mind 

590
00:31:25,200 --> 00:31:26,800
Hive, right? 
There's like a million Minds on 

591
00:31:26,800 --> 00:31:31,500
Twitter, somebody's bound to 
come up with with an But the 

592
00:31:31,500 --> 00:31:34,100
fact of the matter is that he 
was very dismissive of creative 

593
00:31:34,100 --> 00:31:39,700
agencies in general. 
And, you know, I'm guessing that

594
00:31:39,700 --> 00:31:42,700
if creative agencies exist is 
because there is a need for them

595
00:31:42,700 --> 00:31:47,000
somewhere and he just kind of 
like poo, pooed on the mall and 

596
00:31:47,300 --> 00:31:50,300
he kind of gave off like a, he 
thinks he's like, Steve Jobs 

597
00:31:50,300 --> 00:31:53,400
Vibe, like breaking the mold and
he like, we don't use creative 

598
00:31:53,400 --> 00:31:55,600
and Z's because we're coinbase 
were too cool for that. 

599
00:31:56,400 --> 00:31:58,500
Which he's not, he's absolutely 
not. 

600
00:31:59,500 --> 00:32:03,800
There's such Innovative Geniuses
training noobs to buy shit coins

601
00:32:03,800 --> 00:32:06,800
and get fleece. 
Literally like the definition of

602
00:32:06,800 --> 00:32:08,900
first-mover advantage there, 
right? 

603
00:32:11,100 --> 00:32:12,900
Yeah. 
No it's it coin basis business 

604
00:32:12,900 --> 00:32:16,700
models fucked right because 
they're stuck their business 

605
00:32:16,700 --> 00:32:19,500
model revolves around selling 
shit coins. 

606
00:32:19,700 --> 00:32:22,300
Right. 
So they essentially their 

607
00:32:22,300 --> 00:32:26,500
incentivize to tell people and 
you know they do that with the 

608
00:32:26,500 --> 00:32:29,000
courses and all the bullshit 
that they do there. 

609
00:32:29,200 --> 00:32:31,600
Sensitive eyes people to buy 
their dog, shit. 

610
00:32:31,600 --> 00:32:34,100
Right. 
And now, and this is goes to, 

611
00:32:34,100 --> 00:32:36,500
we've been talking about this 
topic for a while, which is why 

612
00:32:36,500 --> 00:32:38,200
it is coinbase not add 
lightning. 

613
00:32:38,700 --> 00:32:40,800
Well, if they added lightning, 
it would kind of defeat the 

614
00:32:40,800 --> 00:32:44,700
purpose for like 50 or 60% of 
the shit coins that they pedal, 

615
00:32:45,000 --> 00:32:47,100
right? 
So again I think I think that 

616
00:32:47,100 --> 00:32:50,100
company is evil. 
I think that they have to Ally 

617
00:32:50,100 --> 00:32:51,900
with State, you know, which they
do that. 

618
00:32:51,900 --> 00:32:55,900
You see Brian Armstrong and 
pictures and DC and yeah, I 

619
00:32:55,900 --> 00:32:58,900
think the next 10 years, there's
going to be an evil eye. 

620
00:32:59,100 --> 00:33:02,500
Science between the Fiat Legacy 
system. 

621
00:33:02,500 --> 00:33:06,500
Tie trying to stay relevant and 
survive and shit coins, right? 

622
00:33:06,500 --> 00:33:09,700
You know, and they're gonna lie,
they're going to a lie and, you 

623
00:33:09,700 --> 00:33:11,800
know, it's going to be 
bitcoiners on the other side and

624
00:33:11,800 --> 00:33:15,200
it's going to be it's going to 
be a really fucked-up battle in 

625
00:33:15,200 --> 00:33:16,900
my opinion. 
That's what I think. 

626
00:33:16,900 --> 00:33:19,600
Of course I'm speculating. 
Awesome fails today, fail. 

627
00:33:19,600 --> 00:33:21,500
But anyways, it's time for the 
daily meme. 

628
00:33:21,500 --> 00:33:23,600
Review brought to you by sit it 
out to anyone. 

629
00:33:23,600 --> 00:33:25,700
It's the best Bitcoin cultural 
Zine. 

630
00:33:25,700 --> 00:33:28,900
It's stories Comics articles by 
actual bitcoiners. 

631
00:33:29,100 --> 00:33:32,100
They're scarce is only 1000 
copies made per volume. 

632
00:33:32,200 --> 00:33:35,100
Every volume has different 
artwork made by bitcoiners. 

633
00:33:35,100 --> 00:33:39,100
Of course, get your print of 
Seville 21 today. 

634
00:33:39,200 --> 00:33:41,500
All right, everybody first meme 
is brought To Us by mr. 

635
00:33:41,500 --> 00:33:44,800
Robot corporate needs you to 
find the difference between this

636
00:33:44,800 --> 00:33:47,100
picture and this picture? 
They're the same picture. 

637
00:33:47,200 --> 00:33:48,800
That's absolutely hilarious. 
All right. 

638
00:33:48,800 --> 00:33:53,100
Moving on to the next one, this 
is 21 million TV underscore 

639
00:33:53,300 --> 00:33:55,600
this. 
The choice is yours, gain value 

640
00:33:55,600 --> 00:33:58,800
with high volatility, lose 
value, with low volatility, 

641
00:33:59,700 --> 00:34:03,700
Bitcoin games Valley with high 
volatility, you know what, when 

642
00:34:03,700 --> 00:34:06,500
the central bankers and all that
shit, talk about shit like 

643
00:34:06,500 --> 00:34:09,699
Bitcoin, like it's unstable and 
they failed to mention this, 

644
00:34:10,000 --> 00:34:11,900
they fail to mention this, 
right? 

645
00:34:11,900 --> 00:34:14,900
It's like yeah, it has stability
but it's slowly loses value over

646
00:34:14,900 --> 00:34:15,699
time. 
Yeah. 

647
00:34:15,699 --> 00:34:18,500
Bitcoin might be volatile but on
average has gained what two 

648
00:34:18,500 --> 00:34:22,199
hundred percent a year since its
Inception like so fuck you and 

649
00:34:22,199 --> 00:34:26,100
your low volatility nonsense. 
Anyways, moving on, next meeting

650
00:34:26,100 --> 00:34:28,000
brought To Us by Bitcoin meme 
lib. 

651
00:34:28,199 --> 00:34:31,199
Nothing to see Here, Bitcoin. 
Bitcoin is just checking knowing

652
00:34:31,199 --> 00:34:34,400
inflation as an all-time high 
and you know, it's the Muppet 

653
00:34:34,400 --> 00:34:37,600
drinking the Lipton tea. 
Oh, I think he might come be 

654
00:34:37,600 --> 00:34:39,900
competing for the best Muppet 
with yellow. 

655
00:34:40,000 --> 00:34:42,699
Let us know down in the comments
which is a better Muppet the 

656
00:34:42,699 --> 00:34:46,400
green Muppet, Kermit, the Frog 
or yellow, the Bitcoin Muppet. 

657
00:34:46,400 --> 00:34:49,500
Anyways, what were three 
breaking out how I'm doing? 

658
00:34:49,500 --> 00:34:51,900
Because I hold Bitcoin. 
Yeah, it's a famous guy with a 

659
00:34:51,900 --> 00:34:53,300
house on fire. 
I'm doing fine. 

660
00:34:53,600 --> 00:34:57,400
Absolutely hilarious. 
All right, my direct deposit. 

661
00:34:57,400 --> 00:35:00,200
The dip. 
It's so true. 

662
00:35:00,200 --> 00:35:03,500
It's so hard to just have a 
little bit of Fiat in the bank 

663
00:35:03,500 --> 00:35:05,600
account. 
You know, I've had so many 

664
00:35:05,600 --> 00:35:06,900
overdraft fees is not even 
funny. 

665
00:35:06,900 --> 00:35:10,500
All right, next one, finally, DC
a stacking Bitcoin after 

666
00:35:10,500 --> 00:35:12,900
realization that the other coins
are centralized. 

667
00:35:12,900 --> 00:35:15,100
And this goes back to what we 
were saying during the daily 

668
00:35:15,100 --> 00:35:17,800
fail, which is why coinbase is 
so insincere. 

669
00:35:17,900 --> 00:35:21,600
They might be showing off, all 
these functionalities at all 

670
00:35:21,600 --> 00:35:24,500
these shit coins do but what 
they fail to mention is that 

671
00:35:24,500 --> 00:35:27,300
they have all those extra 
functionalities because they run

672
00:35:27,300 --> 00:35:31,000
on AWS servers might as I'll 
just run a centralized fucking 

673
00:35:31,000 --> 00:35:35,200
shit coin running on AWS, and it
would be faster anyway. 

674
00:35:35,200 --> 00:35:37,500
So it's just, it's a facade, 
it's a fugazi. 

675
00:35:37,500 --> 00:35:42,100
Anyways, leaves coins, on 
Exchange to trade account seized

676
00:35:42,100 --> 00:35:45,900
by government, for making memes,
dude, that is hilarious. 

677
00:35:45,900 --> 00:35:48,400
Very good job. 
Shout out. 

678
00:35:48,900 --> 00:35:51,900
Can seven, nine nine, five, zero
seven, two, two. 

679
00:35:52,200 --> 00:35:55,600
All right, next one is brought 
To Us by Chris Tarpon, he's 

680
00:35:55,600 --> 00:35:57,900
replying to honk Hogan. 
Good morning to all Sovereign 

681
00:35:57,900 --> 00:36:00,700
bitcoiners, who takes off. 
Custody of their time and energy

682
00:36:01,300 --> 00:36:04,000
and says good morning. 
The world going to shit me 

683
00:36:04,000 --> 00:36:06,100
buying more Bitcoin. 
It's true Bitcoin. 

684
00:36:06,100 --> 00:36:08,900
Protects you with this orange 
force field of energy of 

685
00:36:08,908 --> 00:36:11,500
decentralised energy. 
It's absolutely gorgeous. 

686
00:36:11,500 --> 00:36:14,200
And for that Phil, I'm going to 
give it a very special score. 

687
00:36:14,500 --> 00:36:16,100
I'm going to give it a box but 
not only. 

688
00:36:16,100 --> 00:36:18,600
Is it a box? 
It's a box with the lens cap 

689
00:36:18,600 --> 00:36:22,500
inside and a cap. 
But what is it a cap to? 

690
00:36:22,500 --> 00:36:27,900
It's a cap to a hot sauce and it
is some organic jalapeno, hot 

691
00:36:27,900 --> 00:36:28,900
sauce. 
Yeah. 

692
00:36:29,500 --> 00:36:30,800
So, what would you give those 
memes? 

693
00:36:31,400 --> 00:36:35,300
So, it's a gift box with a cap 
to a bottle and a lens cap. 

694
00:36:35,300 --> 00:36:37,200
Yeah. 
What is the strangest? 

695
00:36:37,200 --> 00:36:39,700
Assortment, I don't even know 
what to say. 

696
00:36:39,700 --> 00:36:41,600
I don't even know what this and 
I can't top that score. 

697
00:36:41,600 --> 00:36:43,100
I'm not even gonna try to top 
that score. 

698
00:36:43,300 --> 00:36:47,900
Okay, but look, I am gonna go 
with again another, another one 

699
00:36:47,900 --> 00:36:52,000
of the great wood workings from 
Quinn solo, not actually sure 

700
00:36:52,000 --> 00:36:55,800
what this is, but it's Bitcoin 
and it could not be a building. 

701
00:36:55,800 --> 00:36:58,600
Is it like, I don't know. 
It is a building that point 

702
00:36:58,600 --> 00:37:01,000
building Right the Bitcoin 
building Bitcoin building. 

703
00:37:01,000 --> 00:37:03,500
Anyways these these awesome 
little wood magnets from Quinn 

704
00:37:03,500 --> 00:37:07,300
solo Gandalf, from the Shia. 
I think that that you left at 

705
00:37:07,300 --> 00:37:08,800
the end of the movies. 
What happened? 

706
00:37:08,800 --> 00:37:12,100
Your back net. 
Did I leave? 

707
00:37:15,700 --> 00:37:17,900
I remember I literally just 
watched all three of the 

708
00:37:17,900 --> 00:37:31,200
extended at the end. 4K ones, 
but I the end of Return of the 

709
00:37:31,200 --> 00:37:33,300
King is so boring. 
I never watch it to the end 

710
00:37:33,300 --> 00:37:37,000
because I got 20 minutes of them
old kissing and hugging so I 

711
00:37:37,100 --> 00:37:38,300
don't know what happens again 
though. 

712
00:37:38,400 --> 00:37:42,400
He's there I'm pretty sure he's 
I feel like case he takes that 

713
00:37:42,400 --> 00:37:45,400
ship, he takes that shit with 
Frodo Frodo. 

714
00:37:46,600 --> 00:37:50,000
Like I mean he's not good. 
No but that's the other stay 

715
00:37:50,000 --> 00:37:52,100
Simon stuff. 
Stay and Frederick got enough 

716
00:37:52,100 --> 00:37:55,400
going implies that that that's 
like death because the photos 

717
00:37:55,400 --> 00:37:58,400
like old for anyways Gandalf. 
What would you give those memes?

718
00:37:59,400 --> 00:38:04,700
I'm gonna give them a Fudd dice.
Oh, nice. 

719
00:38:04,700 --> 00:38:06,700
The other day. 
Phil, didn't you give it this 

720
00:38:06,700 --> 00:38:08,700
week last week? 
Last week, I got ya. 

721
00:38:08,700 --> 00:38:11,100
The FED buys last week. 
Oh, okay. 

722
00:38:11,100 --> 00:38:13,900
Anyways, we have to try to get 
the black ones though, just 

723
00:38:13,900 --> 00:38:15,100
saying. 
I don't know where to get. 

724
00:38:15,100 --> 00:38:18,900
Those are the oldest ones. 
Oh, okay. 

725
00:38:18,900 --> 00:38:20,900
So those are like the OG, the 
black. 

726
00:38:20,900 --> 00:38:23,200
Oh gee. 
Anyways guys, we want to know if

727
00:38:23,200 --> 00:38:25,800
you agree with our scores, you 
disagree, let us know down in 

728
00:38:25,800 --> 00:38:27,700
the comment section. 
Make sure to subscribe to us on 

729
00:38:27,700 --> 00:38:30,200
alternative video platforms. 
Because we do talk shit about 

730
00:38:30,200 --> 00:38:33,200
going base like Rumble.com. 
And of course, Bitcoin tv.com 

731
00:38:33,300 --> 00:38:35,400
and make sure to join our 
telegram group linked us, some 

732
00:38:35,400 --> 00:38:38,100
dank dank dank dank Bitcoin 
memes review. 

733
00:38:38,100 --> 00:38:41,200
But anyway, so it's time for the
Daily News brought to you by 

734
00:38:41,200 --> 00:38:43,600
crypto. 
Cloaks.com they make the best 3D

735
00:38:43,600 --> 00:38:47,100
printed Bitcoin merch. 
Like the famous 3D printed 

736
00:38:47,200 --> 00:38:49,700
Bitcoin art sculpture grenade 
opens up. 

737
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You put your favorite Hardware 
while in there. 

738
00:38:51,400 --> 00:38:54,100
You could also get a customized 
in any color. 

739
00:38:54,100 --> 00:38:55,800
You would like. 
They also came out with a big 

740
00:38:55,800 --> 00:38:58,400
boy grenade as well. 
Really cool stuff. 

741
00:38:58,400 --> 00:39:00,600
They have the honey badger and 
you can take advantage of the 

742
00:39:00,600 --> 00:39:03,400
link down below for 5% off. 
Anything on the store crypto. 

743
00:39:03,400 --> 00:39:05,700
Cloaks.com. 
All right, we're going to change

744
00:39:05,700 --> 00:39:07,900
it up today. 
We're just going to cover one 

745
00:39:07,900 --> 00:39:10,700
topic because I feel like it's a
very, very big deal. 

746
00:39:11,000 --> 00:39:14,800
We're going to talk about what 
is happening in the Ukraine and 

747
00:39:14,800 --> 00:39:17,900
how it affects Bitcoin. 
So, you know, I tried to cover 

748
00:39:17,900 --> 00:39:20,400
it on multiple different angles,
let's get to it. 

749
00:39:20,500 --> 00:39:24,100
So what is, you know, what is 
the the local situation? 

750
00:39:24,100 --> 00:39:28,400
So it looks like it not looks 
like Ukraine, you know, declared

751
00:39:28,400 --> 00:39:30,400
martial law. 
All right, I've been part of 

752
00:39:30,408 --> 00:39:33,800
that was suspending use of 
digital wallets, whatever that 

753
00:39:33,800 --> 00:39:35,600
means. 
Anyways, the article goes on to 

754
00:39:35,600 --> 00:39:38,000
say following the Declaration of
Martial law in Ukraine. 

755
00:39:38,200 --> 00:39:41,200
The Central Bank suspended the 
country's currency markets, stop

756
00:39:41,200 --> 00:39:42,600
the circulation of all 
Securities. 

757
00:39:42,600 --> 00:39:45,200
Limited cash withdrawals and 
halted, the use of electronic 

758
00:39:45,200 --> 00:39:48,400
currency and digital wallets. 
The wording of the Central Bank 

759
00:39:48,500 --> 00:39:51,400
resolution calls on issuers of 
electronic money to suspend the 

760
00:39:51,400 --> 00:39:54,400
issuance of electronic money, 
the replenishment of electronic 

761
00:39:54,400 --> 00:39:57,200
wallet with electric electronic 
money in the distribution of 

762
00:39:57,200 --> 00:39:59,100
electronic money. 
I don't know if that that 

763
00:39:59,200 --> 00:40:01,800
implies should coins and 
Bitcoin. 

764
00:40:01,800 --> 00:40:04,900
I have no idea that the article 
specifically says, ins that 

765
00:40:04,900 --> 00:40:06,200
cryptocurrencies and weren't 
mentioned. 

766
00:40:06,200 --> 00:40:11,600
We know that ukrainians hold 
something like 200,000 Bitcoin 

767
00:40:11,600 --> 00:40:14,900
collectively, right? 
So, it's a country that has a 

768
00:40:14,900 --> 00:40:18,000
lot of Bitcoin, right? 
A Bitcoin magazine just opened a

769
00:40:18,008 --> 00:40:19,700
branch there in the country, 
right? 

770
00:40:19,700 --> 00:40:22,400
We covered that, we had knit 
cap, mine head of news when that

771
00:40:22,400 --> 00:40:25,100
happened so many ways. 
What is the, what is? 

772
00:40:25,100 --> 00:40:28,000
Why did they do this? 
Because everyone, when they get 

773
00:40:28,000 --> 00:40:33,700
scared, They go to ATMs and they
try to withdraw cash, right? 

774
00:40:33,700 --> 00:40:36,300
That is like one of the first 
things that people do. 

775
00:40:36,500 --> 00:40:39,500
Now, here's the thing, Bitcoin 
really does fix this. 

776
00:40:39,500 --> 00:40:41,700
Do you think that ATM has enough
money? 

777
00:40:41,700 --> 00:40:45,000
And its small little machine for
all those people behind their 

778
00:40:45,300 --> 00:40:47,100
right? 
This is a tragedy. 

779
00:40:47,300 --> 00:40:50,400
And of course this is why the 
government froze. 

780
00:40:50,400 --> 00:40:52,300
The withdrawal is right. 
They're going to do it under the

781
00:40:52,300 --> 00:40:54,700
guise of War. 
So what is the first thing that 

782
00:40:54,700 --> 00:40:57,400
Bitcoin fixes? 
Bitcoin gives you the ability to

783
00:40:57,400 --> 00:41:00,900
not only vote Your wallet. 
But it also gives you the 

784
00:41:00,900 --> 00:41:04,600
ability to vote with your feet. 
It's a lot easier to leave the 

785
00:41:04,600 --> 00:41:06,400
country. 
If you could take everything 

786
00:41:06,400 --> 00:41:09,100
with you and Bitcoin gives you 
that capability. 

787
00:41:09,200 --> 00:41:12,300
Anyways, moving on. 
What is the next big deal? 

788
00:41:12,400 --> 00:41:16,600
I think so. 
Look at the end of the day, you 

789
00:41:16,600 --> 00:41:20,300
know, there's a significant 
portion of the hash rate is 

790
00:41:20,400 --> 00:41:26,300
coming from Russia, specifically
around 11% and there's a good 

791
00:41:26,300 --> 00:41:29,700
amount coming from the you cane.
Not so much, but Oh point one 

792
00:41:29,700 --> 00:41:32,500
three right? 
What are the implications of 

793
00:41:32,500 --> 00:41:36,800
that potentially potentially 
some of that hash rate some of 

794
00:41:36,800 --> 00:41:40,000
those some of those Bitcoin 
miners could be effective but 

795
00:41:40,000 --> 00:41:43,200
like I've been trying to hammer 
in your guys's head Bitcoin 

796
00:41:43,200 --> 00:41:47,100
miners tend to be in tend to be 
around stranded or isolated 

797
00:41:47,200 --> 00:41:49,500
energy Pockets. 
Because if it wasn't, if it was 

798
00:41:49,500 --> 00:41:52,900
near a big city or near a 
military installation, that 

799
00:41:52,900 --> 00:41:55,300
energy would be in use basic 
supply and demand. 

800
00:41:55,300 --> 00:41:58,000
If there's a lot of demand, but 
there's not that much Supply the

801
00:41:58,000 --> 00:42:00,700
price tends to go up. 
Bitcoin miners, tend to be 

802
00:42:00,700 --> 00:42:02,800
isolated. 
Now, has the hash rate, been 

803
00:42:02,800 --> 00:42:07,800
affected by the war, it's too 
early to tell but so far no. 

804
00:42:07,800 --> 00:42:11,000
And I just like to point out 
that the hash rate completely 

805
00:42:11,000 --> 00:42:15,400
left, where the hash rate was 
back, when the China been 

806
00:42:15,400 --> 00:42:17,000
happened, it left it in the 
dust. 

807
00:42:17,000 --> 00:42:19,200
So that's a very good news. 
I'm going to keep an eye on it. 

808
00:42:19,300 --> 00:42:23,000
If it does go down, I will, you 
know, I'll retouch this topic, 

809
00:42:23,700 --> 00:42:26,600
anyways, moving on it. 
Part of the hash rate in the 

810
00:42:26,600 --> 00:42:29,400
mining discussion, this is what 
Gibbs we had them on the A show.

811
00:42:29,500 --> 00:42:33,500
He is the CEO of compass Mining 
and this is what he had to say. 

812
00:42:33,800 --> 00:42:36,300
I am always very sensitive to 
what happens in Eastern Europe 

813
00:42:36,300 --> 00:42:39,400
Latvia is home for me. 
My thoughts and prayers are all 

814
00:42:39,600 --> 00:42:41,400
with all affected by the 
conflict. 

815
00:42:41,400 --> 00:42:43,700
Hopefully, we see a peaceful 
Revolution soon. 

816
00:42:44,000 --> 00:42:47,400
I want to reassure our customers
hosting and Russia that we are 

817
00:42:47,400 --> 00:42:50,100
in the constant communication 
with the facilities which are in

818
00:42:50,100 --> 00:42:52,300
Siberia. 
Siberia is literally in the 

819
00:42:52,300 --> 00:42:55,700
middle of nowhere and it's also 
on the other side of Russia and 

820
00:42:55,700 --> 00:42:58,500
well isolated from any 
geopolitical and less which is 

821
00:42:58,500 --> 00:43:02,300
why Ed miners, tend to be an 
isolated energy Pockets because 

822
00:43:02,300 --> 00:43:04,500
it's cheaper. 
Their Compass has confirmed with

823
00:43:04,500 --> 00:43:07,700
our partners that all miners are
safe and will continue running 

824
00:43:07,700 --> 00:43:10,200
as normal. 
If anything changes know that 

825
00:43:10,200 --> 00:43:13,000
our team will communicate that 
as soon as possible. 

826
00:43:14,000 --> 00:43:17,000
So interesting stuff. 
Anyways, the last topic that I 

827
00:43:17,000 --> 00:43:21,100
wanted to cover is very, very 
old concept that we covered 

828
00:43:21,100 --> 00:43:24,200
rules for the and not for me, 
right? 

829
00:43:24,200 --> 00:43:28,400
So let me let me start it off 
with this article, right? 

830
00:43:28,700 --> 00:43:32,800
New US sanctions on Russia not 
expected to severely Target 

831
00:43:32,800 --> 00:43:34,900
energy sector. 
Why is that right? 

832
00:43:34,900 --> 00:43:38,200
Apparently this is the worst 
thing that has ever happened. 

833
00:43:38,300 --> 00:43:41,300
You know, the literally a 
full-on invasion of another 

834
00:43:41,300 --> 00:43:43,700
country that hasn't happened in 
Europe in decades. 

835
00:43:44,100 --> 00:43:46,500
Right. 
But, you know, they were very 

836
00:43:46,500 --> 00:43:48,500
quick. 
The financial system was very 

837
00:43:48,500 --> 00:43:53,000
quick to cut off, Afghanistan 
completely right there. 

838
00:43:53,300 --> 00:43:56,000
Trudeau was very quick to cut 
off. 

839
00:43:56,100 --> 00:43:59,100
You know, some peaceful 
protesters in Canada, right to 

840
00:43:59,100 --> 00:44:02,300
cut them off from banking. 
But here you have a country and 

841
00:44:02,300 --> 00:44:05,700
literally invading and bombing 
another country and they're not 

842
00:44:05,700 --> 00:44:07,900
completely cut off from the 
financial system. 

843
00:44:08,000 --> 00:44:11,100
I wonder why. 
Anyways, the US and its allies 

844
00:44:11,100 --> 00:44:13,600
are expected to impose new, 
major new sanctions on. 

845
00:44:13,800 --> 00:44:16,300
Russia punishing, President 
Vladimir Putin for ordering a 

846
00:44:16,300 --> 00:44:20,000
full scale, invasion of Ukraine,
but stopping short of targeting 

847
00:44:20,200 --> 00:44:22,800
some critical sectors of his 
nation's economy. 

848
00:44:22,900 --> 00:44:25,700
The administration is concerned 
about global energy markets. 

849
00:44:26,700 --> 00:44:29,400
Another senior Administration 
official said no option is off 

850
00:44:29,400 --> 00:44:32,700
the table, but starting out with
energy could actually benefit 

851
00:44:32,700 --> 00:44:36,000
Putin and bad for his pockets, 
given high, high oil, and gas 

852
00:44:36,000 --> 00:44:40,000
prices cutting off Russian oil 
and gas will drive prices up to 

853
00:44:40,000 --> 00:44:45,000
Putin's benefit. 
Anyways, how bad is this? 

854
00:44:45,200 --> 00:44:49,200
Check this out. 
So Jen is so Germany, got Greg 

855
00:44:49,300 --> 00:44:52,100
Greta, pilled. 
So he's referencing a Greta, 

856
00:44:52,100 --> 00:44:55,800
Thornburg, and this all ties in 
with the ESG bullshit as well, 

857
00:44:55,900 --> 00:44:56,900
right. 
How are you? 

858
00:44:57,200 --> 00:45:00,700
And now can't enforce sanctions 
against Russia or defend Europe 

859
00:45:00,700 --> 00:45:02,200
because they would freeze and 
starve. 

860
00:45:02,200 --> 00:45:06,500
Turns out energy is a matter of 
National Security who knew, 

861
00:45:07,000 --> 00:45:09,200
right? 
Again, all these ESG people and 

862
00:45:09,200 --> 00:45:11,300
all these environment they 
didn't plan for this. 

863
00:45:11,900 --> 00:45:15,400
Germany is in the situation 
where they shut down a lot of 

864
00:45:15,400 --> 00:45:19,300
nuclear power plants and now 
they're completely Tied by The 

865
00:45:19,300 --> 00:45:22,100
Hip To Russia because that's 
where they're getting the 

866
00:45:22,100 --> 00:45:25,000
majority of their natural gas 
and your this guy gets into more

867
00:45:25,000 --> 00:45:27,700
details. 
German economic Minister hard 

868
00:45:27,700 --> 00:45:30,100
book, says 50% of our coal comes
from Russia. 

869
00:45:30,100 --> 00:45:33,300
Germany economy. 
Minister says, hi Beck says, 55%

870
00:45:33,300 --> 00:45:36,400
of our of our gas comes from 
Russia, German economy, Minister

871
00:45:36,400 --> 00:45:39,400
Holbrook says, 35 percent of our
oil comes from Russia. 

872
00:45:39,400 --> 00:45:43,500
So again, they can't do. 
Do anything, they can't do 

873
00:45:43,500 --> 00:45:46,400
anything. 
So look, before I move on to the

874
00:45:46,400 --> 00:45:50,300
next article, right? 
And I might add that there was, 

875
00:45:50,300 --> 00:45:52,900
there was this other guy that 
that he tweeted this out, 

876
00:45:52,900 --> 00:45:57,300
Germany's going to continue 
buying natural gas from Russia 

877
00:45:57,300 --> 00:45:59,200
because they don't have a 
choice, right? 

878
00:45:59,200 --> 00:46:01,700
So what does this have to do 
with Bitcoin? 

879
00:46:01,700 --> 00:46:06,000
Okay, so again, it's rules for 
the and not for me, right? 

880
00:46:06,100 --> 00:46:08,500
So you have Afghanistan 
completely cut out from the 

881
00:46:08,500 --> 00:46:11,800
financial system, but you have 
Russia, that completely invaded.

882
00:46:12,100 --> 00:46:18,200
Another country and it's fine 
because they give us gas and oil

883
00:46:18,200 --> 00:46:21,400
and all that stuff. 
So to critiques I have which is 

884
00:46:21,700 --> 00:46:25,000
all the ESG people shut the fuck
up okay? 

885
00:46:25,000 --> 00:46:27,600
That's what I had to say. 
The US was literally oil 

886
00:46:27,600 --> 00:46:31,600
independent right now with the 
new administration at 

887
00:46:31,600 --> 00:46:34,900
environmentalists economic 
whatever they stop that now we 

888
00:46:34,900 --> 00:46:37,800
have to rely on another country.
Look at the look at the price of

889
00:46:37,800 --> 00:46:39,900
oil, right? 
That's my first critique. 

890
00:46:40,000 --> 00:46:44,500
Second critique is a Apparently 
the morality of banking only 

891
00:46:44,500 --> 00:46:47,500
applies. 
Sometimes there's an apply the 

892
00:46:47,500 --> 00:46:50,200
other times. 
Apply sometimes, keep that in 

893
00:46:50,200 --> 00:46:54,000
mind when I read the next 
article because of course, never

894
00:46:54,000 --> 00:46:57,200
let a crisis go to waste, you 
know, the politicians are going 

895
00:46:57,200 --> 00:47:00,200
to try to use this to attack 
Bitcoin, of course. 

896
00:47:00,300 --> 00:47:01,500
Anyways. 
Phil, what are your thoughts? 

897
00:47:02,400 --> 00:47:05,100
It's funny that you said 
morality and banking in the same

898
00:47:05,100 --> 00:47:10,800
sentence that's just like what. 
I'm like, no, no that's not 

899
00:47:10,800 --> 00:47:12,600
real. 
To your point. 

900
00:47:12,600 --> 00:47:14,600
They try to hide behind you. 
Okay. 

901
00:47:15,000 --> 00:47:17,600
Of course, of course not. 
That's why it's so funny, right?

902
00:47:17,600 --> 00:47:19,900
Because they play pretend and 
they think that people don't 

903
00:47:19,900 --> 00:47:23,200
notice. 
But look, this is just I really 

904
00:47:23,200 --> 00:47:27,000
feel bad for Germany right now 
in this particular case, you 

905
00:47:27,000 --> 00:47:30,200
know, having to, you know, 
having to rely, they probably 

906
00:47:30,200 --> 00:47:32,500
shouldn't have listened to Greta
so hard. 

907
00:47:34,300 --> 00:47:37,800
It was, it was a noble idea but 
reality just slapped him in the 

908
00:47:37,800 --> 00:47:41,600
face and they're just like, oh, 
maybe we should have kept those 

909
00:47:42,300 --> 00:47:45,200
And to your point, right? 
And to your point it's a noble 

910
00:47:45,200 --> 00:47:49,900
idea when no one is aware. 
That the money is being printed 

911
00:47:49,900 --> 00:47:53,500
to fund all of these causes and 
to subsidize all of this crap. 

912
00:47:53,700 --> 00:47:57,900
Okay. 
It's anyways, I just you know 

913
00:47:57,900 --> 00:48:02,100
what, this is not going to get 
any better any time soon. 

914
00:48:02,200 --> 00:48:04,700
There's just going to be even 
more confusion and seriously, 

915
00:48:06,300 --> 00:48:08,900
Germany is really stuck between 
a rock and a hard place. 

916
00:48:09,400 --> 00:48:13,300
So yeah. 
Know what they're going to do, I

917
00:48:13,300 --> 00:48:15,600
really don't, you know, maybe 
they can find somebody else to 

918
00:48:15,600 --> 00:48:19,600
go and you know by the natural 
gas from in the meantime anyways

919
00:48:19,600 --> 00:48:21,400
Ganda, what are your thoughts on
this? 

920
00:48:22,000 --> 00:48:24,100
So I've literally just been 
watching. 

921
00:48:24,100 --> 00:48:27,600
I spent some time watching 
Putin's like hour-long speech 

922
00:48:28,200 --> 00:48:29,700
from earlier today with 
subtitles. 

923
00:48:29,700 --> 00:48:34,100
And then I watched Joe Biden's 
latest time where they let him 

924
00:48:34,100 --> 00:48:36,700
talk to the Press because, you 
know, they don't really don't 

925
00:48:36,700 --> 00:48:38,800
let him talk too much because 
like I can't read a teleprompter

926
00:48:38,800 --> 00:48:43,700
and can't speak from just from 
his heart, but He made the, the 

927
00:48:44,100 --> 00:48:46,400
reporters were hammering 
hammering away at this point, 

928
00:48:46,400 --> 00:48:48,000
like, why haven't you banned 
them off Swift? 

929
00:48:48,000 --> 00:48:49,500
Why haven't you banned them off 
Swift? 

930
00:48:49,600 --> 00:48:53,800
And he let out that they haven't
done that because their European

931
00:48:53,800 --> 00:48:56,100
Partners do not want that to 
happen. 

932
00:48:57,100 --> 00:49:00,700
And my assumption there 
immediately was like that's 

933
00:49:00,700 --> 00:49:03,500
because they need to buy energy 
for them from them and they need

934
00:49:03,500 --> 00:49:06,100
to pay them and if you cut them 
off from Swift, you can't pay 

935
00:49:06,100 --> 00:49:08,700
them for your energy. 
And then you like Nick Carter 

936
00:49:08,700 --> 00:49:14,200
said, freeze and starve. 
And You know, yeah, you could 

937
00:49:14,200 --> 00:49:17,300
feel sorry for them or you could
just say they kind of got what 

938
00:49:17,300 --> 00:49:20,500
they deserve for listening to a 
fourteen-year-old on an issue of

939
00:49:20,500 --> 00:49:23,200
National Security. 
And, you know, when you have 

940
00:49:23,200 --> 00:49:26,900
such a narrow sort of focus on a
very complicated issues like 

941
00:49:26,900 --> 00:49:31,300
energy, when it's just all about
like being green and I say green

942
00:49:31,300 --> 00:49:34,900
because like it's arguable that 
these things are even that green

943
00:49:34,900 --> 00:49:38,800
anyway. 
We've all seen the we've all 

944
00:49:38,800 --> 00:49:43,300
seen the the cemeteries for For 
windmills, right? 

945
00:49:43,400 --> 00:49:45,500
They can't recycle them. 
So they like, they take them 

946
00:49:45,500 --> 00:49:47,700
and, like, pile them and try to 
bury them into the ground. 

947
00:49:47,700 --> 00:49:51,100
Like, where do you what energy 
do you think is used to like 

948
00:49:51,100 --> 00:49:53,800
make solar power? 
How do you make, you know, the 

949
00:49:53,800 --> 00:49:55,800
first solar panel. 
If you don't have solar panels 

950
00:49:55,800 --> 00:49:59,100
to make solar energy to make the
panel's, you use fossil fuels, 

951
00:49:59,100 --> 00:50:01,300
right? 
So it sounds like you're all 

952
00:50:01,300 --> 00:50:03,400
like, all right. 
Extremists to be honest. 

953
00:50:03,700 --> 00:50:05,300
Yeah, I definitely am. 
I definitely am. 

954
00:50:05,600 --> 00:50:07,300
That's exactly how I 
self-identify. 

955
00:50:08,000 --> 00:50:11,700
But the end off made a great 
point about believing a for 

956
00:50:11,800 --> 00:50:14,800
Ten-year-old, right about a 
matter of National Security. 

957
00:50:14,900 --> 00:50:17,400
This is something really 
interesting that I think used to

958
00:50:17,400 --> 00:50:19,600
be fair. 
I think she was the figurehead 

959
00:50:19,700 --> 00:50:22,600
of the movement, but I think 
that there is a lot more, I 

960
00:50:22,600 --> 00:50:25,700
think it was a powerful movement
that had a noble goal, which is 

961
00:50:25,700 --> 00:50:26,800
there's a very famous saying, 
right? 

962
00:50:26,800 --> 00:50:28,900
The road to hell is paved with 
good intentions, right? 

963
00:50:29,000 --> 00:50:30,900
Clearly didn't think this 
through? 

964
00:50:31,100 --> 00:50:33,200
Okay. 
Just like but I didn't, you 

965
00:50:33,200 --> 00:50:36,200
know, the US for the first time 
in a very long time because of 

966
00:50:36,200 --> 00:50:40,100
fracking was oil independent for
very long time and then he 

967
00:50:40,100 --> 00:50:44,000
reversed that A political 
reasons like it's they're not 

968
00:50:44,000 --> 00:50:47,400
thinking it through, right? 
So I would like to believe 

969
00:50:47,400 --> 00:50:50,600
there's more malicious 
intentions but that is going in 

970
00:50:50,600 --> 00:50:53,000
the conspiracy theory stuff. 
So I'm right on top of it out. 

971
00:50:53,000 --> 00:50:56,400
Anyways, Phil I was just going 
to say for me it kind of Falls 

972
00:50:56,400 --> 00:50:59,000
in line with the child warship 
that we have and I don't know 

973
00:50:59,000 --> 00:51:01,700
that if this happens all over 
the world or if it's just 

974
00:51:01,700 --> 00:51:04,700
Western culture right but we 
have this obsession with you 

975
00:51:04,700 --> 00:51:07,800
know with wanting to be, she's 
18 by the way so you can talk 

976
00:51:07,800 --> 00:51:10,000
shit about her now. 
Oh no I don't even it does it's 

977
00:51:10,000 --> 00:51:12,500
not even talking shit about her.
I'm just saying Zoom out and 

978
00:51:12,500 --> 00:51:15,800
look at the symbolism, right? 
We're totally obsessed with that

979
00:51:15,800 --> 00:51:17,400
stuff. 
And if you think about it in our

980
00:51:17,400 --> 00:51:19,600
culture, right? 
We look at you know look at old 

981
00:51:19,600 --> 00:51:21,100
people and they're just a pain 
in the ass. 

982
00:51:21,400 --> 00:51:22,600
You know, like this is what 
happens to all of us. 

983
00:51:22,600 --> 00:51:24,600
We just become these old pains 
in the ass. 

984
00:51:24,900 --> 00:51:27,400
You know, it's all about, it's 
all about the, you know, the 

985
00:51:27,400 --> 00:51:29,800
young people. 
Knowing what's new and 

986
00:51:29,800 --> 00:51:32,000
everything like that. 
Look at social media, right? 

987
00:51:32,100 --> 00:51:34,900
Social media is not for a 65 
year old or a 75 year old 

988
00:51:34,900 --> 00:51:36,600
person. 
Sure they can partake but 

989
00:51:36,600 --> 00:51:39,400
they're not going to get it like
a 14 year old is going to get 

990
00:51:39,400 --> 00:51:42,300
it. 
So my point is, is that To your 

991
00:51:42,300 --> 00:51:46,500
point, they used a proper symbol
to get their message across 

992
00:51:46,600 --> 00:51:49,500
because they understand how 
people think right now. 

993
00:51:49,500 --> 00:51:51,400
It's like yeah you know they're 
going to trust her. 

994
00:51:51,500 --> 00:51:54,300
Maybe we don't know, maybe we're
just old and stupid. 

995
00:51:54,500 --> 00:51:56,700
Let's listen to the Future, 
she's the future. 

996
00:51:56,700 --> 00:51:59,600
Trust me, man. 
It's there's a lot of this kind 

997
00:51:59,600 --> 00:52:02,000
of nonsensical brainwashing that
goes on, and we don't even know 

998
00:52:02,000 --> 00:52:04,600
what's happening to us. 
Well, now reality is snapping 

999
00:52:04,600 --> 00:52:08,600
back into place, right? 
And yeah, Germany sucks for 

1000
00:52:08,600 --> 00:52:11,700
sucks to be you, but anyways, so
this is the most important. 

1001
00:52:11,800 --> 00:52:13,100
Part. 
So we've covered a couple 

1002
00:52:13,100 --> 00:52:15,100
aspects, right? 
That situation for the people on

1003
00:52:15,100 --> 00:52:17,500
the ground. 
In Ukraine will talk about the 

1004
00:52:17,500 --> 00:52:18,900
price. 
You know, we don't talk about 

1005
00:52:18,900 --> 00:52:22,000
the price very often but the 
price apparently rebound so far.

1006
00:52:22,700 --> 00:52:25,200
And then we talked about the 
hash rate, which I feel like is 

1007
00:52:25,600 --> 00:52:28,300
the most contentious issue 
because that is actual physical 

1008
00:52:28,300 --> 00:52:31,800
Hardware in Russia, right? 
Potentially a country that the 

1009
00:52:31,800 --> 00:52:34,100
United States is going to be 
hostile to. 

1010
00:52:35,200 --> 00:52:38,000
But here's the part that I want 
you guys to focus on, right? 

1011
00:52:38,000 --> 00:52:41,500
Because this is the actual part 
that they're going to use to try

1012
00:52:41,500 --> 00:52:42,900
to. 
To Pedal garbage. 

1013
00:52:42,900 --> 00:52:45,900
And again, that isn't me. 
Speculating connect the dots 

1014
00:52:45,900 --> 00:52:47,300
guys. 
We've been on top of this. 

1015
00:52:47,600 --> 00:52:51,600
We already had a announcement 
from the senate in the United 

1016
00:52:51,600 --> 00:52:53,700
States. 
Essentially making a big deal 

1017
00:52:53,900 --> 00:52:58,500
because El Salvador and Bitcoin 
becoming legal tender could use 

1018
00:52:58,500 --> 00:53:02,800
your to use their words could 
potentially undermine the United

1019
00:53:02,800 --> 00:53:05,800
States abilities to sanction 
countries, right? 

1020
00:53:05,800 --> 00:53:09,100
And this article is going to get
more into depth with that, but 

1021
00:53:09,100 --> 00:53:11,300
you already have the corporate 
propaganda media. 

1022
00:53:11,800 --> 00:53:14,200
Itís spin up a narrative and 
what we're going to do. 

1023
00:53:14,200 --> 00:53:16,600
Like we always do, we're going 
to go through every single point

1024
00:53:16,600 --> 00:53:19,100
and we're we're just going to 
provide a counter narrative, 

1025
00:53:19,200 --> 00:53:19,800
right? 
They get it. 

1026
00:53:19,800 --> 00:53:22,000
They got to set the tone. 
We're just going to give a 

1027
00:53:22,008 --> 00:53:24,500
different perspective. 
Anyways anyway, article in New 

1028
00:53:24,500 --> 00:53:27,600
York Times Russia could use 
crypto currency to blunt the 

1029
00:53:27,600 --> 00:53:31,400
force of un sanctions that's 
already wrong because we know 

1030
00:53:31,400 --> 00:53:33,800
that they're not going to get 
kicked off Swift completely. 

1031
00:53:33,900 --> 00:53:35,800
Why? 
Because they're totally Europe. 

1032
00:53:35,800 --> 00:53:39,900
Is totally cooked to Russian 
natural gas anyways, moving on. 

1033
00:53:40,400 --> 00:53:43,500
So the premise of The article in
my opinion is already wrong. 

1034
00:53:43,500 --> 00:53:46,500
So when the United States barred
Americans from doing business 

1035
00:53:46,500 --> 00:53:49,000
with Russian Banks, oil and gas,
developers, and other companies 

1036
00:53:49,000 --> 00:53:52,900
in 2014, after the country's 
invasion of Crimea, the hates 

1037
00:53:52,900 --> 00:53:56,400
Russians economy was Swift and 
immense economists, estimated 

1038
00:53:56,400 --> 00:53:59,900
that sanctions imposed by 
Western Nations cost, Russia, 15

1039
00:53:59,900 --> 00:54:02,800
billion dollars a year. 
So, was Russia just going to lay

1040
00:54:02,800 --> 00:54:07,300
down and accept that? 
No Russia has been dropping off,

1041
00:54:07,500 --> 00:54:10,900
massive, dollar reserves and 
they've just been stacking on 

1042
00:54:10,900 --> 00:54:13,300
gold. 
There is a recent trade deal 

1043
00:54:13,300 --> 00:54:17,400
between China and Russia and 
they didn't close the deal in 

1044
00:54:17,400 --> 00:54:19,600
dollars. 
They actually close the deal in 

1045
00:54:19,600 --> 00:54:21,600
Euro, so, there is ways around 
this. 

1046
00:54:21,600 --> 00:54:24,000
But the article would like you 
to believe that. 

1047
00:54:24,000 --> 00:54:26,800
It's like the US Legacy 
Financial system is the only way

1048
00:54:26,800 --> 00:54:29,000
to do business, right? 
Keep that in mind because 

1049
00:54:29,200 --> 00:54:32,300
they're trying to set this 
narrative, which is like if we 

1050
00:54:32,400 --> 00:54:36,400
have this all if it wasn't for 
cryptocurrencies, we'd be able 

1051
00:54:36,400 --> 00:54:39,200
to save the world, you know? 
Anyways and again it's 

1052
00:54:39,200 --> 00:54:41,600
hypocritical because we know 
that they cut off. 

1053
00:54:41,700 --> 00:54:44,700
Nice tan, which is not a bigger 
threat than Russia, in my 

1054
00:54:44,700 --> 00:54:46,800
opinion but they won't cut off 
Russia. 

1055
00:54:46,800 --> 00:54:49,400
So it's hypocrisy at its finest 
anyways. 

1056
00:54:49,600 --> 00:54:52,300
Since then the global market for
cryptocurrencies and other 

1057
00:54:52,400 --> 00:54:55,700
digital assets has balloon. 
So since then since this 

1058
00:54:55,700 --> 00:54:57,500
happens, right? 
They would like you to believe 

1059
00:54:57,800 --> 00:54:59,500
that. 
Since then the global market for

1060
00:54:59,500 --> 00:55:02,200
cryptocurrency and other digital
assets has believe that's bad 

1061
00:55:02,200 --> 00:55:05,600
news for enforcers of sanctions 
and good news for Russia. 

1062
00:55:05,700 --> 00:55:08,600
It's good news for Russia to 
cryptocurrencies have ballooned.

1063
00:55:08,800 --> 00:55:12,100
Anyways, the United States is 
particular in particular, Able 

1064
00:55:12,100 --> 00:55:15,600
to use sanctions as a diplomatic
tool because the dollar is the 

1065
00:55:15,600 --> 00:55:19,600
world Reserve currency and used 
in payments worldwide American 

1066
00:55:19,600 --> 00:55:21,800
government officials are 
increasingly aware of the 

1067
00:55:21,800 --> 00:55:24,700
potential for cryptocurrencies 
to lessen the impact of 

1068
00:55:24,700 --> 00:55:28,100
sanctions and are stepping up 
their scrutiny of digital assets

1069
00:55:28,300 --> 00:55:30,700
to apply sanctions, at 
government makes a list of 

1070
00:55:30,700 --> 00:55:33,700
people and businesses. 
Its citizens must avoid anyone 

1071
00:55:33,700 --> 00:55:36,700
caught engaging with a member of
the list, faces, heavy fines. 

1072
00:55:36,700 --> 00:55:40,600
But the key, the real key to any
effective sanctions program is 

1073
00:55:40,700 --> 00:55:43,800
the Global Financial shal system
banks around the world. 

1074
00:55:43,800 --> 00:55:46,400
Play a major role in 
enforcement, they see where 

1075
00:55:46,400 --> 00:55:50,000
money comes from and where it's 
bound and anti-money laundering 

1076
00:55:50,100 --> 00:55:51,800
laws. 
Require them to block 

1077
00:55:51,800 --> 00:55:54,900
transactions with entities that 
are under sanctions and report, 

1078
00:55:54,900 --> 00:55:57,000
what they see to Authority. 
So essentially what they're 

1079
00:55:57,000 --> 00:56:00,300
admitting is that banks are 
really an enforcement arm of the

1080
00:56:00,300 --> 00:56:02,300
state. 
If you notice what was happening

1081
00:56:02,300 --> 00:56:05,100
in Canada and how Banks 
essentially became the 

1082
00:56:05,100 --> 00:56:08,200
enforcement arm, they're the 
ones that froze, the accounts, 

1083
00:56:08,400 --> 00:56:12,800
you could see if your money is 
in the bank you You have a two 

1084
00:56:12,800 --> 00:56:15,800
or three multisig, with the 
relation with the bank, to of 

1085
00:56:15,800 --> 00:56:17,900
the keys are held by the bank, 
and the state. 

1086
00:56:17,900 --> 00:56:20,800
And you hold one of the keys, 
that's really how it works. 

1087
00:56:21,000 --> 00:56:24,400
Anyways, but if banks are, are 
the eyes and ears of governments

1088
00:56:24,400 --> 00:56:27,600
in this space, the explosion of 
digital currencies is blinding 

1089
00:56:27,600 --> 00:56:29,800
them. 
That last line, I think that 

1090
00:56:29,800 --> 00:56:32,200
they wanted it to be interpreted
in a certain way. 

1091
00:56:32,400 --> 00:56:34,100
I think that's a really good 
thing. 

1092
00:56:34,200 --> 00:56:37,400
Anyways, moving on banks, have 
to abide by here. 

1093
00:56:37,400 --> 00:56:39,100
It is. 
Phil, we talked about this a lot

1094
00:56:39,200 --> 00:56:41,900
know your customer rules which 
include verifying And their 

1095
00:56:41,900 --> 00:56:44,800
customers, their clients 
identities, but exchanges and 

1096
00:56:44,800 --> 00:56:47,300
other platforms that facilitate,
the buying and selling of 

1097
00:56:47,300 --> 00:56:50,300
cryptocurrencies and digital 
assets are rarely as good at 

1098
00:56:50,300 --> 00:56:52,400
tracking, their customers as 
banks are. 

1099
00:56:52,800 --> 00:56:56,500
And again, could you tie in 
where self custody comes into 

1100
00:56:56,500 --> 00:56:58,700
this, right? 
Because in the banking system, 

1101
00:56:58,700 --> 00:57:02,800
there is no way out, but in 
crypto to use their words and 

1102
00:57:02,800 --> 00:57:06,800
when you take self custody, it's
much harder for the government, 

1103
00:57:06,800 --> 00:57:09,300
the bank to free something 
without using violence. 

1104
00:57:09,400 --> 00:57:11,600
In fact, without using violence 
is pretty much impossible. 

1105
00:57:11,700 --> 00:57:14,400
But if you do it correctly, 
anyways, even though they are 

1106
00:57:14,400 --> 00:57:16,600
supposed to follow the same 
rules in October, the US 

1107
00:57:16,600 --> 00:57:19,200
Treasury Department, warned that
cryptocurrencies pose and 

1108
00:57:19,200 --> 00:57:22,900
increasingly serious threat to 
the American sanctions program, 

1109
00:57:23,100 --> 00:57:25,800
that us authorities needed to 
educate themselves about the 

1110
00:57:25,800 --> 00:57:28,200
technology. 
How about you don't weaponize 

1111
00:57:28,200 --> 00:57:30,000
your currency against other 
people. 

1112
00:57:30,000 --> 00:57:33,800
Because what this article would 
make you would make you want to 

1113
00:57:33,800 --> 00:57:37,800
believe is that this only 
captures bad people, but if 

1114
00:57:37,800 --> 00:57:40,700
you're in Cuba, if you're in 
Afghanistan, if you're in 

1115
00:57:40,700 --> 00:57:43,600
countries that the The US has 
sanctions towards. 

1116
00:57:43,600 --> 00:57:48,400
You can even receive money over.
See from overseas and you could 

1117
00:57:48,400 --> 00:57:51,300
be an innocent civilian and 
you're not political whatsoever,

1118
00:57:51,400 --> 00:57:54,400
you know who's there? 
Bitcoin is, right? 

1119
00:57:54,400 --> 00:57:58,600
So anyways, article goes on SAS 
some cool pictures in early. 

1120
00:57:58,600 --> 00:58:01,700
February independent sanctions. 
Monitors told the UN Security 

1121
00:58:01,700 --> 00:58:05,300
Council that North Korea was 
using crypto currencies to fund 

1122
00:58:05,300 --> 00:58:08,200
its nuclear and ballistic 
missile program according to 

1123
00:58:08,200 --> 00:58:12,100
Reuters spokesman for doorways 
permanent mission to the UN And 

1124
00:58:12,100 --> 00:58:15,800
may the consulting firm elliptic
described how Iran was using 

1125
00:58:15,800 --> 00:58:18,900
revenue from Bitcoin, mining to 
make up for the limitations on 

1126
00:58:18,900 --> 00:58:21,200
its ability to sell oil because 
of sanctions. 

1127
00:58:21,500 --> 00:58:24,400
Do you guys get what narrative 
they're trying to paint? 

1128
00:58:25,200 --> 00:58:28,100
Do you see how they took 
advantage of a crisis in Ukraine

1129
00:58:28,100 --> 00:58:30,500
to try to paint a specific 
narrative. 

1130
00:58:30,900 --> 00:58:34,500
Anyways, article goes on to say 
Administration. 

1131
00:58:34,500 --> 00:58:37,500
Officials are also urging the 
cryptocurrency industry to put 

1132
00:58:37,500 --> 00:58:42,500
into place internal internal 
controls that prevent Bad actors

1133
00:58:42,500 --> 00:58:45,900
from using their services. 
So what does that mean, right? 

1134
00:58:45,900 --> 00:58:48,300
Well, we've been talking about 
for the last couple of days, 

1135
00:58:48,300 --> 00:58:51,700
right? 
Banning what self custody? 

1136
00:58:51,700 --> 00:58:53,400
Why would they want to ban self 
custody? 

1137
00:58:53,400 --> 00:58:55,400
Because it takes away power from
the state. 

1138
00:58:55,400 --> 00:58:58,100
But it's not only me thinking 
this as well. 

1139
00:58:58,100 --> 00:59:01,500
Pirate actually had this 
excellent tweet and he said 

1140
00:59:01,500 --> 00:59:04,400
random thought Russia banned 
from Fiat. 

1141
00:59:04,400 --> 00:59:07,900
Currencies and banking like my 
pillow guy, Russia routes around

1142
00:59:07,900 --> 00:59:10,800
and uses Bitcoin government's, 
ban Bitcoin, claiming only 

1143
00:59:10,800 --> 00:59:13,700
terrorists. 
It an attempt to confiscate and 

1144
00:59:13,700 --> 00:59:16,000
band Bitcoin. 
If you are caught with it you go

1145
00:59:16,000 --> 00:59:19,700
to the gulag and again this 
pirate tweeted this out, like 

1146
00:59:19,700 --> 00:59:23,000
just thinking it himself, I was 
thinking this as well and then 

1147
00:59:23,000 --> 00:59:25,400
this New York Times article in 
the way that their phrasing 

1148
00:59:25,400 --> 00:59:27,800
thing really just confirmed it 
right. 

1149
00:59:27,800 --> 00:59:30,500
They're obviously trying to use 
this you know they're trying to 

1150
00:59:30,500 --> 00:59:33,800
take advantage of the crisis to 
try to paint you a specific 

1151
00:59:33,800 --> 00:59:36,100
narrative to try to tell you 
that the u.s. 

1152
00:59:36,100 --> 00:59:39,400
Sankey the sanction system is 
perfect and my opinion, the 

1153
00:59:39,400 --> 00:59:42,700
sanction system is anti-human. 
Right as much as they would like

1154
00:59:42,700 --> 00:59:43,500
to tell you. 
Yeah. 

1155
00:59:43,500 --> 00:59:46,500
It's only hurting governments in
those evil regimes. 

1156
00:59:46,600 --> 00:59:48,300
I don't like people and I don't 
like the government of North 

1157
00:59:48,300 --> 00:59:49,800
Korea don't like the government 
of Russia. 

1158
00:59:50,200 --> 00:59:53,500
I don't like the government of 
China, but there is a lot of 

1159
00:59:53,500 --> 00:59:57,800
collateral damage in these 
sanctions it on banks people. 

1160
00:59:57,800 --> 01:00:01,200
It D Banks, millions of people 
around the world that are caught

1161
01:00:01,200 --> 01:00:03,800
up in this Bitcoin is the money 
of enemies. 

1162
01:00:03,800 --> 01:00:07,600
Bitcoin is for everyone. 
Bitcoin is is antifragile 

1163
01:00:07,600 --> 01:00:10,800
Bitcoin not and that's not the 
word Bitcoin is, it's hard to 

1164
01:00:10,800 --> 01:00:12,500
censor. 
That's the way that I want to 

1165
01:00:12,500 --> 01:00:16,100
use. 
So again, you see what the 

1166
01:00:16,100 --> 01:00:17,700
government is? 
Trying to paint now that the 

1167
01:00:17,700 --> 01:00:20,500
government, but really the 
propaganda arm, they're trying 

1168
01:00:20,500 --> 01:00:23,900
to let you know, right? 
They're trying to set the tune 

1169
01:00:24,000 --> 01:00:26,100
and this is how the media does 
things, right? 

1170
01:00:26,100 --> 01:00:29,600
This is how they paint, 
narratives, it's really scary. 

1171
01:00:29,600 --> 01:00:32,900
I suspect that as things 
escalate, which they will, we 

1172
01:00:32,900 --> 01:00:35,000
are in the fourth turning baby. 
Really exciting. 

1173
01:00:36,000 --> 01:00:38,400
I think that this is going to be
a contentious issue. 

1174
01:00:38,400 --> 01:00:41,300
I think that the United States 
government and you're in. 

1175
01:00:41,600 --> 01:00:44,400
Western governments that have 
most to lose with the downfall 

1176
01:00:44,400 --> 01:00:47,900
of the Legacy system, they're 
going to be beating the battle 

1177
01:00:47,900 --> 01:00:51,600
drum saying this is dangerous to
democracy because we can't 

1178
01:00:51,600 --> 01:00:54,800
sanction, certain governments. 
It's dangerous to hold your 

1179
01:00:54,800 --> 01:00:57,200
money because you might be 
funding terrorism. 

1180
01:00:58,300 --> 01:01:00,700
It's just completely insincere, 
it's bullshit. 

1181
01:01:00,700 --> 01:01:04,500
It comes from a place of just 
wanting pure power, right? 

1182
01:01:04,500 --> 01:01:07,300
I think what happened in Canada,
really highlighted that. 

1183
01:01:07,300 --> 01:01:11,000
So look guys if to Summer it up 
because I know this is the name 

1184
01:01:11,000 --> 01:01:15,900
of the episode. 
What, what is the consequences 

1185
01:01:15,900 --> 01:01:20,500
of what's happening in Ukraine? 
I think that this is going to be

1186
01:01:20,500 --> 01:01:22,700
used, I don't think this is 
going to hurt Bitcoin and 

1187
01:01:22,700 --> 01:01:24,200
there's in the short term I 
don't think it's Gonna Hurt its 

1188
01:01:24,200 --> 01:01:25,300
price. 
I don't think it's going to hurt

1189
01:01:25,300 --> 01:01:27,300
the hash rate. 
I think ukrainians are going to 

1190
01:01:27,300 --> 01:01:30,900
be open to use Bitcoin. 
However, I think that this is 

1191
01:01:30,900 --> 01:01:35,100
going to be used as a launching 
platform for a narrative to try 

1192
01:01:35,100 --> 01:01:39,000
to attack self custody and to 
try to attack Bitcoin 

1193
01:01:39,000 --> 01:01:42,100
specifically in the west and 
they're going to you Use that. 

1194
01:01:42,100 --> 01:01:45,600
It's golden for them. 
Anyways, Phil dude. 

1195
01:01:45,700 --> 01:01:48,200
Amazing. 
Pulling together those points. 

1196
01:01:49,300 --> 01:01:52,000
Look, I don't think I thought it
was funny that they mentioned 

1197
01:01:52,000 --> 01:01:55,500
North Korea because I'm here if 
you're buying Bitcoin your 

1198
01:01:55,500 --> 01:02:01,700
funding, you killer weapons. 
Anybody really taking the the 

1199
01:02:01,700 --> 01:02:05,700
dancing ballerina Army in front 
of the cardboard tanks and and 

1200
01:02:05,700 --> 01:02:08,300
missile seriously anymore. 
They, I don't think anybody 

1201
01:02:08,300 --> 01:02:10,000
takes them seriously. 
And you know what, if they're 

1202
01:02:10,000 --> 01:02:11,500
using crypto currency, good for 
them. 

1203
01:02:11,600 --> 01:02:15,100
They I highly doubt it because 
of the type of regime that it 

1204
01:02:15,100 --> 01:02:17,700
is, but even if they were good 
for them, who cares, use 

1205
01:02:17,700 --> 01:02:20,100
whatever you want. 
I don't really, I just see that 

1206
01:02:20,100 --> 01:02:25,800
as noise, the other piece to, 
this is the US sanctions, I find

1207
01:02:25,800 --> 01:02:28,800
it. 
I mean are we just nuts that we 

1208
01:02:28,800 --> 01:02:32,600
think that these are valid tools
that make sense to penalize 

1209
01:02:32,600 --> 01:02:36,600
entire countries because you 
don't like their governments and

1210
01:02:36,600 --> 01:02:38,700
and everybody just sits there 
and Pat each other on the back 

1211
01:02:38,700 --> 01:02:41,300
and goes it's a great idea which
I would have thought of that 

1212
01:02:41,300 --> 01:02:44,100
that That this makes sense. 
No it doesn't. 

1213
01:02:44,100 --> 01:02:46,800
This is stupid and it's exactly 
what you said. 

1214
01:02:46,900 --> 01:02:50,500
It's anti-human, it's completely
anti-human, you're killing 

1215
01:02:50,500 --> 01:02:53,400
innocent people, you're stopping
innocent people free from being 

1216
01:02:53,400 --> 01:02:55,900
able to feed themselves, and 
being able to clothe themselves 

1217
01:02:56,000 --> 01:02:59,700
from being able to transact. 
That's psychotic all because you

1218
01:02:59,700 --> 01:03:01,400
don't get along with the 
government. 

1219
01:03:01,500 --> 01:03:05,300
If you look, you know what 
weaponizing the money it like to

1220
01:03:05,300 --> 01:03:09,000
me it's like it was the easiest 
trick that they were ever able 

1221
01:03:09,000 --> 01:03:13,600
to pull because there's There's 
no other value or there's no 

1222
01:03:13,600 --> 01:03:16,600
other way that they could have 
done it and to actually match 

1223
01:03:16,600 --> 01:03:18,900
wits. 
Sorry, you know, like because 

1224
01:03:18,900 --> 01:03:20,800
it's like that's what it is, 
you're going to choose the 

1225
01:03:20,800 --> 01:03:23,200
easiest thing for you to do 
you're going to and and think 

1226
01:03:23,200 --> 01:03:26,000
about it, right? 
Look at the position you go. 

1227
01:03:26,000 --> 01:03:28,100
And you know like everybody I 
shouldn't say everybody. 

1228
01:03:28,100 --> 01:03:30,000
But the countries that agree 
with this right? 

1229
01:03:30,100 --> 01:03:31,200
Applaud? 
This behavior and go. 

1230
01:03:31,200 --> 01:03:33,100
Yes, we need to put the 
sanctions on these countries. 

1231
01:03:33,100 --> 01:03:35,600
These countries are dangerous. 
Every single person in that 

1232
01:03:35,600 --> 01:03:39,300
country is dangerous psychotic. 
It's psychotic dude. 

1233
01:03:39,400 --> 01:03:42,000
And it's funny because as they 
hit you over the Ahead with the 

1234
01:03:42,000 --> 01:03:46,300
club like in Canada, freeze you.
And then they expect you not to 

1235
01:03:46,300 --> 01:03:49,300
use an alternative like 
psychotic, right? 

1236
01:03:49,300 --> 01:03:51,800
It's like, if you don't want 
people to use an alternative, be

1237
01:03:51,800 --> 01:03:54,000
better. 
Be better. 

1238
01:03:54,100 --> 01:03:56,200
And it's like, dude, if you 
don't want Russia to be 

1239
01:03:56,200 --> 01:04:00,000
powerful, maybe perhaps you 
shouldn't have shut down all 

1240
01:04:00,000 --> 01:04:03,400
your nuclear power plants in the
country and perhaps in the u.s. 

1241
01:04:03,400 --> 01:04:06,000
perhaps, you shouldn't have shut
down the oil industry. 

1242
01:04:06,500 --> 01:04:10,300
Just an idea but it's like no, 
they want it both ways 

1243
01:04:10,800 --> 01:04:12,700
craziness. 
Anyways Gandalf, do you want to 

1244
01:04:12,700 --> 01:04:15,100
tie this off? 
I know you live in Middle-earth,

1245
01:04:15,100 --> 01:04:18,300
but you're looking down on these
Earthly happenings. 

1246
01:04:18,300 --> 01:04:19,300
What are your thoughts on all 
this? 

1247
01:04:21,400 --> 01:04:25,800
Yeah, so it seems to me like 
from up here and and, you know, 

1248
01:04:26,300 --> 01:04:29,300
I've never been to Earth, so 
don't take, don't take my word 

1249
01:04:29,300 --> 01:04:33,100
for gospel, but it seems like 
Bitcoin takes power away from 

1250
01:04:33,100 --> 01:04:35,200
this thing that you guys called 
the state. 

1251
01:04:35,500 --> 01:04:40,000
And it sounds like they don't 
really like that, so it's no 

1252
01:04:40,000 --> 01:04:44,900
surprise that they They cracked 
down on it, you know, I'm not 

1253
01:04:44,900 --> 01:04:46,500
really religious. 
You guys made some like 

1254
01:04:46,600 --> 01:04:51,000
excellent points about, you 
know, some of the hypocrisy from

1255
01:04:51,000 --> 01:04:54,300
from, you know, people sanction,
you know, Canadians, sanctioning

1256
01:04:54,300 --> 01:04:57,700
their own people. 
I mean they're not they're 

1257
01:04:57,700 --> 01:05:00,400
willing to freeze the assets, a 
Canada's willing to push to 

1258
01:05:00,400 --> 01:05:03,400
freeze the assets of its own 
citizens but not Russia. 

1259
01:05:03,600 --> 01:05:07,400
Yeah, right. 
Like literally Canada's part of 

1260
01:05:07,400 --> 01:05:12,900
this Hall of NATO and whatever 
right but You know when it comes

1261
01:05:12,900 --> 01:05:15,400
to like it's you get into 
dangerous territory when you're 

1262
01:05:15,400 --> 01:05:18,300
taking the moral High Ground. 
You're saying Russia is bad in 

1263
01:05:18,300 --> 01:05:21,100
the u.s. is good or even if it's
the reverse Russia. 

1264
01:05:21,100 --> 01:05:25,300
Some people hate the their own 
States so much that they like 

1265
01:05:25,300 --> 01:05:28,400
take the. 
My enemy's enemy is my friend 

1266
01:05:28,400 --> 01:05:30,000
right? 
And they sympathize with Russia 

1267
01:05:30,000 --> 01:05:33,400
and Putin just because they hate
their own government. 

1268
01:05:33,400 --> 01:05:36,100
And we get pulled into these 
like false dichotomies. 

1269
01:05:36,100 --> 01:05:38,800
And when these kinds of things 
happen, we have to, it's like we

1270
01:05:38,800 --> 01:05:40,500
feel we have to pick a side in 
this battle. 

1271
01:05:40,600 --> 01:05:41,800
You actually don't have to pick 
a side. 

1272
01:05:41,900 --> 01:05:45,400
Both sides could be freaking 
dumb asses and you could call 

1273
01:05:45,400 --> 01:05:47,100
that out. 
You don't have to take a side. 

1274
01:05:47,100 --> 01:05:50,400
Not, there's not one the US 
isn't good and Russia isn't bad 

1275
01:05:50,500 --> 01:05:51,800
and it's not that Russia is 
good. 

1276
01:05:51,800 --> 01:05:53,600
And the u.s. is bad. 
Like, Russia is trying to make 

1277
01:05:53,600 --> 01:05:56,000
it seem right. 
The truth is probably somewhere 

1278
01:05:56,000 --> 01:05:59,100
in the middle and just to tie it
off. 

1279
01:05:59,200 --> 01:06:01,900
Yeah, I heard this quote, I'm 
not religious at all, but I had 

1280
01:06:01,900 --> 01:06:03,900
a quote, somebody quoted from 
the Bible the other day. 

1281
01:06:03,900 --> 01:06:07,500
I can't remember what context it
was in, but it was let he who is

1282
01:06:07,500 --> 01:06:09,900
without sin cast the first 
stone, right? 

1283
01:06:09,900 --> 01:06:12,300
And it's kind of saying like, 
you know, the I think it's this 

1284
01:06:12,300 --> 01:06:15,000
group of people and they want to
Stone someone because he did or 

1285
01:06:15,000 --> 01:06:17,200
she did something bad and Jesus 
comes along. 

1286
01:06:17,200 --> 01:06:19,900
And he says, fine, you can Stone
this person. 

1287
01:06:20,000 --> 01:06:23,200
But but the first person to 
throw the stone, or the people 

1288
01:06:23,200 --> 01:06:25,600
who throw the stone are, once 
you've never committed a sin 

1289
01:06:25,600 --> 01:06:28,000
themselves and guess what? 
Nobody cast, any Stones, because

1290
01:06:28,000 --> 01:06:30,200
we've all done fucking stupid 
shit and made the snakes and 

1291
01:06:30,200 --> 01:06:33,300
whatever. 
So for one country to sit there 

1292
01:06:33,300 --> 01:06:36,300
and wag their finger at another 
country and say you've done 

1293
01:06:36,300 --> 01:06:38,400
something bad now you must be 
punished by me. 

1294
01:06:38,500 --> 01:06:41,900
Like who are you to punish 
anyone anyway and then you I 

1295
01:06:41,908 --> 01:06:43,000
said, you know, and they punish 
people. 

1296
01:06:43,000 --> 01:06:46,400
They expect them, not to find an
alternative to look after 

1297
01:06:46,400 --> 01:06:48,200
themselves and their families 
and stuff. 

1298
01:06:48,200 --> 01:06:49,000
It's just, it's. 
Yeah. 

1299
01:06:49,000 --> 01:06:52,300
Like you said, it's just lunacy,
it's lunacy. 

1300
01:06:52,700 --> 01:06:57,000
Yeah, I just I'm sorry just 
quickly because the, the quote 

1301
01:06:57,000 --> 01:07:00,100
that the Gandalf said made me 
think right away of another one.

1302
01:07:00,100 --> 01:07:02,800
That's very similar is judge, 
judge eel. 

1303
01:07:02,800 --> 01:07:06,300
St, be judged. 
So that's exactly exactly. 

1304
01:07:06,300 --> 01:07:09,700
The same type of scenario, 
wisdom bombs, bro, wisdom bombs 

1305
01:07:09,700 --> 01:07:11,700
left, and right. 
Absolutely great. 

1306
01:07:11,800 --> 01:07:17,200
Episode dude, let's see guys 
this is the developing crisis or

1307
01:07:17,400 --> 01:07:20,500
events so we'll try to be on top
of it as possible. 

1308
01:07:20,500 --> 01:07:22,400
I wanted to give you guys an 
update because I'm sure a lot of

1309
01:07:22,400 --> 01:07:24,900
people are like oh my God the 
price, these things, the 

1310
01:07:24,908 --> 01:07:26,900
applications. 
So I just kind of want it all 

1311
01:07:26,900 --> 01:07:29,200
summarized it up. 
But anyways feel there was an 

1312
01:07:29,200 --> 01:07:31,500
open source off released today. 
Why don't you tell everybody 

1313
01:07:31,500 --> 01:07:35,300
about it software releases 
brought to you by Cipher safe? 

1314
01:07:35,300 --> 01:07:37,700
Check them out. 
Cipher safe dot IO, it's the 

1315
01:07:37,700 --> 01:07:41,200
best place to store your Bitcoin
seed. 

1316
01:07:41,300 --> 01:07:44,500
Check out. 
The Cipher wheel or the all-new,

1317
01:07:44,800 --> 01:07:48,900
damn it backwards, or the 
all-new ciphered grid comes 

1318
01:07:48,900 --> 01:07:52,100
complete with punch tool and 
tamper resistant wire and 

1319
01:07:52,100 --> 01:07:53,800
apparently it's resistant to 
fill. 

1320
01:07:53,900 --> 01:07:58,900
All right, we've got blixt 
wallet version 0.4 dot one that 

1321
01:07:58,900 --> 01:08:02,400
was released. 
All right, don't forget to check

1322
01:08:02,400 --> 01:08:06,700
us out on our Audio, Only 
platforms, Apple podcast, 

1323
01:08:06,700 --> 01:08:10,000
Spotify and anchor. 
Guys, before we go, I want to 

1324
01:08:10,000 --> 01:08:13,800
give a very special shout-out to
her Awesome sponsor, Reptar dot,

1325
01:08:13,800 --> 01:08:16,700
con represent Phil and I wear 
the hoodies, we try to wear 

1326
01:08:16,800 --> 01:08:20,100
different ones every day they 
have some they have a new lineup

1327
01:08:20,100 --> 01:08:22,800
of hoodies coming out. 
They might be Bitcoin related 

1328
01:08:23,200 --> 01:08:27,500
hint and you can get 15% off 
with the link Down Below, guys. 

1329
01:08:27,500 --> 01:08:29,800
That was our show. 
I want to give a very special 

1330
01:08:29,800 --> 01:08:32,500
shout-out to our awesome. 
Guest is a Ms. B. 

1331
01:08:32,500 --> 01:08:35,700
TC Gandalf on Twitter, he's the 
magic managing director of 

1332
01:08:35,700 --> 01:08:39,700
Bitcoin time, social media 
wizard of brain system and slush

1333
01:08:39,700 --> 01:08:43,700
pool and host of the disc. 
Bitcoin podcast guys, that was 

1334
01:08:43,700 --> 01:08:45,500
our show. 
If you I said that twice, if you

1335
01:08:45,500 --> 01:08:46,700
enjoyed the show, you know what 
to do? 

1336
01:08:46,899 --> 01:08:49,899
Smash of course you want to 
continue here in the Bitcoin. 

1337
01:08:49,899 --> 01:08:51,399
Use from the fleet pleb 
perspective