I don't believe sufficient evidence of a good money against
before we take something out of the hands of governments.
Welcome back everyone. We're simply Bitcoin.
We break down the news. The daily fail mean review.
Software releases Hardware releases and the websites by
plebs joining us today. Fellow Bitcoin our managing
director at BTC. Social media wizard at slush,
pool, and brains and the host of this is Bitcoin.
I'm talking about Bitcoin Gandalf.
He's joining us but right now we're diving into the numbers.
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At the time of this recording. The block head is seven hundred
twenty four thousand seven hundred eighty nine the Bitcoin
price 30, 8455 chain, rewrite days, 687 total public lightning
capacity, 3450 4.75 Moscow time 2600 three blocks to The
Happening 115,000. 211 and the samurai Whirlpool unspent
capacity, 4338 dot 53. And for those who don't know,
Samurai Whirlpool is a collaborative spend or coin join
service Nico, the numbers, the numbers, it's good that we take
advantage of that. The samurai Whirlpool, we have
to say that as much as possible, because since we're entering
the, then they fight you stage, they're definitely going to try
to make that illegal. Sure like facts.
So you know what? Somebody pointed that out today
in the chat and they're like, well look, you know, they can't,
they can't actually make it illegal.
And I said, you know what, you know what they can do, they will
go after to the depths, they will.
So yes, they go after the devs and I said, you know what, I go,
you may be right? And it's a good point but they
can demonize it like crazy. Yeah.
Right. And that's all it.
Writes. Perception is reality.
Even if it's not true, I think we're in this weird transition.
Phase phase. Where governments are going to
have to come to terms with the fact that they can't control the
money system to their advantage. The way they've been used to
doing for the last century, really, right.
Since really, since I mean, in the Central Banking has been
around in Europe for a longer than that.
But in the u.s. is what's this 1913, right?
Essentially, it's just centralized more and more
control, the bank, secrecy act, the Patriot Act, it just every,
every iteration just keeps getting more and more.
Centralized. So we're this transition, dude.
It's gonna be chaotic and I actually have an article during
the news that we're going to talk about that a little bit as
well. But before I get to that, I have
very special video that I want to play before we before we get
to the next section. Check this out.
This is Charlie, Munger he is for anyone who doesn't know.
He's like the second hand man of Warren Buffett, right?
It's him. And Warren Buffett that run
Berkshire. He, you know, he's an investing
Legend. He also said right, which we
covered when they came out, he also was a big fan of the
Chinese Communist party and how they did things.
He also specifically said that he hated Bitcoin and that it was
a terrible way for Humanity but he also said this, I'll just
check out the video. The saving some shouldn't burn
investor is that or the next 100 years?
The currency is going to 0 That's my working hypothesis.
So up offices. What's crazy about that right?
Is that you have a man that's critical of Bitcoin but also
admits that the money is a scam and he's a smart guy.
Okay, so and we've talked about this for a very long time,
right? Most people don't have the means
to save in equities and real estate to escape, you know, the
fucking the inflation, the hidden tax of inflation, most
lower class and middle class lower middle class people.
They say even cash, right? So essentially, when the
government prints money, it's a redistribution of wealth from
the lower and middle classes to, you know, the top the top of the
economic pyramid and the state right.
It's essentially it's this whole fucked-up redistribution of
wealth. So the really fucked up part
about this is that he wants to make the u.s. more like China
second part. Is he hates Bitcoin and third
part, it third part, which makes All of this worse is that he
knows that Fiat is a scam and he still hates it.
That that is, if you open the dictionary and you turn to
concealing are, if it existed it would be a picture of Charlie
Munger it's set in stone anyways.
Phil, what are your thoughts on this as you were?
As you were explaining that I was trying to figure out how
many companies Berkshire Hathaway owns because Berkshire
Hathaway is essentially an index in itself.
Why am I looking this up? Because you see his position on
the Or listen him people like him and and Warren Buffett.
Don't give a shit. What happens to the dollar they
own? So many companies that produce
things that human beings need every single day.
It's irrelevant to him how what money anyone is using because
you're going to have to, you're going to have to pay to use the
essentially the the products and services that Berkshire Hathaway
owns. So to him, it doesn't matter.
They own it. They own the majority and we'll
save some of the highest-quality.
Quote-unquote Assets in the world besides Bitcoin, of course
right. They don't own Bitcoin because
Bitcoin is rat poison because it goes it essentially makes people
like him obsolete. So you know like it's like he's
actually he's used the Fiat system to his advantage to
borrow Trevor cheapening money to own ever more profitable
corporations. So he likes this game, right
him. And Warren are experts at this
game. So anyways to me I mean look
it's what he's saying is true but we also have to remember
where he's coming from, you know, and that's why he can
safely say it from his Ivory Tower.
He doesn't care what happens to it dude.
He is a definition of a continuing are like you see him?
He's Live In the Flesh, he's right there.
But anyways I'm gonna pass it on live in the Shia we have
Gandalf. What's up bro?
What's going on guys? Thanks for having me on.
Thank you for joining us. Yeah, so on this.
So I don't know if I've spoken about this before, but I was a
huge. I was obsessed with Warren
Buffett. When I was a teenager, he was
like one of my heroes. So I my mom gave me the book
Rich Dad, Poor Dad. When I was 14, and I read that.
And that obviously leads you down the rabbit hole of, like,
you need to invest in assets that put money in your pocket
and blah blah, blah, right? And the thing is just occurred
to me, you know, hearing Charlie Munger speaking describing, you
know, he knows Fiats going to 0, but his solution is invested in.
Spawns, right? And and that's the same thing
that I learned. When I was a teenager, I was
like, you need to learn to invest and, and it's what
Society drills down into use, like, you make money, and then
you turn that money into either real estate, or stock
Investments, or whatever else. Like, why hasn't anyone at the
at this stage? Like, why hasn't anyone to set
instead of like trying to take these secondary actions to
protect people's purchasing power and people's wealth?
Why haven't they gone to the root?
Cause of the problem, which is the Fiat money and said like,
you know, Instead of trying to make everyone an investor or a
real estate investor or stock-picking expert, why not
just say actually it's Fiat, that's broken, you should be
able to earn money and save that money for the future and not
have to become, you know, a carpenter and an investor, or a
plumber, and an investor, or a truck driver and an investor.
Why not just a truck driver and then you save your money and
that's it. Like so it seems it's
unbelievable to me that people like Warren Buffett and Charlie
Munger Don't understand that. The problem is the money and it,
you need to fix the root problem.
Not come up with a secondary solution that doesn't fix it,
right? And I just, it seems bizarre to
me, but one Buffett and Charlie Munger also famously, like not
real, not fans of gold. I remember reading that they
didn't, I think Warren Buffett has any gold at one stage but
for or maybe silver for a little bit but, you know, because it's
not. It's this whole thing again.
It's like it's not a productive asset.
Well, do you understand money? It's not used to be a productive
asset. It's the same with with crypto
people, right? But it doesn't do anything.
It's not productive. I want to put it in get yield.
No that's not how it works. Yeah.
Right go ahead till I was quickly just going to say yield
of course is not the is not the actual use case of the shit coin
products, right? It's the rug pull.
The thing is just to get the yield is just a separate you
from your money but the real use cases the rug pull in the exit
scam. So well, I mean the only people
who are getting rich in crypto the ones like that are creating
the tokens out The narrow and selling them to naive People
based on promises that they're going to get rich quickly.
Dude, you touched upon a really great point, right?
And Parker Lewis actually, wrote an amazing article called the,
the great D financialization and essentially he's making the same
argument. That if you're essentially, if
you have a certain amount of wealth, you just to maintain
that wealth, you are forced to essentially gamble your Force to
buy. Buy real estate your Force to
buy equities because if you don't write, you keep your money
in Fiat. It's losing value over time.
So it's like you're forced to be a part-time investor and I think
you made a really good point. Why is that normal?
Why can't you just like work and then save for your wealth and
just put it for a rainy day. But it's like, no, you're forced
to invest it and that creates concealing errors and that
creates these giant Wealth Management.
That are essentially Giant Leeches because think about it,
it's like not that many people, you know, that if they certainly
make a certain amount of wealth, they just they want to Outsource
the investing, they Outsource the investing to, you know,
Morgan Stanley. If you're rich enough Goldman
Sachs, right. And what the fuck do they do,
right? You know, it's like, it's just,
it's all bullshit. It's just all bullshit.
It's all enabled by Fiat Bitcoin.
Absolutely fixes this. And it enables the average do Do
to save for a better tomorrow without having to take on risk.
Really? That's the beauty of it.
But anyways Phil it's time for the daily fail.
Brought to you by Ember app. Check them out.
Amber dot app. It is the easiest and best way
to buy Bitcoin. Smart automation, low fees, Fair
spreads. The link is down below ammo,
smart way, stuck sets. We've got two completely
unrelated fails but they are both.
Both strong fails in their own. Right.
Let's dive right into it tagged by Lucky red fish in this one
having to do with the trucker Convoy and Trudeau and Canada
and all that fun stuff that's going on over there.
So here we go. Trudeau has ended the
emergencies act. Would this be the reason?
And would that make it a fail? It's a very good question.
Lucky redfish. Very good question, what is he
talking about? Let's take a look at this tweet
here from Bitcoin Aficionado. Now, again, it's a tweet, I
don't have any, you know, Source material besides this, but we're
going to move on to an article about Trudeau in a second.
And I do think that there's a very strong point here.
Okay? So let's dive into this tweet
Bitcoin. Aficionado said he was forced to
buy the big Banks he and they're talking about Trudeau, halting
the emergencies act. Okay?
This Tweeter is claiming that he was forced to Halt it.
By the five. Big Banks, I have contacts at
the Royal Bank of Canada the transfer of funds.
Out is off the charts. I have no knowledge of walk-in,
mom-and-pop withdrawals, but transfers and Bank drafts are
extreme. I've been told so being a
Canadian, I know that there's there's only five National Banks
and over there. There really aren't there isn't
the type of banking system that we have here in the US.
Like you don't really have too many credit unions and stuff
like that Independent Bank's like over there.
It's really predominantly the National Banks and don't get me
wrong. But this kind of would Par for
the course that the banks are telling the government what to
do, 2008-2009 mortgage crisis, anyways.
Alright let's let's let's move on to the actual article, right?
Justin Trudeau revokes emergency powers used to Target.
The freedom Convoy Trudeau received Fierce backlash for
enacting the powers on a mostly peaceful protest.
Jason Kenney, the premiere of the Canadian province of Alberta
announced Saturday that he was suing the federal government of
Canada and prime minister Justin Trudeau for their use of the
emergencies act calling the move unjustified in the
circumstances. The situation in Ottawa is
serious Law and Order has to be restored, Kenny said, at the
time, but the emergencies Act was designed to come into effect
at the failure of the state in the event of a coupe or
Insurrection that threatened to topple, Canada's Democratic
institutions. However, there is no
Insurrection or Coupe. Servant of members of
parliament, Philip Lawrence also said that the wording of the
emergencies act, grants the federal government far-reaching
authority to freeze. The accounts of people only
tangent Lee involved in the protest.
The debunking provisions are so broad that.
Literally a clerk at a quicky Mart who sold a propane canister
to a protester could have his accounts.
Frozen Lawrence claimed is unclear what will happen to
those arrested and when individuals will have Access to
their bank accounts again. So, look, I think my personal
opinion before we dive into the next fail.
My personal opinion, is that he absolutely was pressured by the
bank's because I saw a lot of activity, calling for Bank runs
and calling for people to pull their money out of the banks as
quickly as possible, and don't get me wrong, but that's the
scariest thing to see your government.
Starting to cease to seize and freeze bank accounts.
Right away, you're going to be like, all right, I'm gonna go
and pull up my money so I personally don't think that it's
the pressure from the premier of Alberta that got him to because
there were many people calling out what he was doing and then
all of a sudden just changes his tune 180 degrees overnight, I'm
pretty sure he got called by the people paying his bills.
I'm pretty sure he got called by the people that he answers to
even though it would seem as though, they answer to him.
So you saying the Anchors. Control Canada.
No, of course. Not, of course, not the central
Bankers. Don't don't control anything.
Yes. Oh, look, there's no way to
confirm that, you know, that was the cause of it.
However, I based on my own sources, got the same message,
right? Is that he freaked out?
A lot of people, there's going to be around 20% of Canada, that
never trust the banking system again, right?
And remember, one of the horrible things of this is that
it was So when you donated These funds to the truckers, it wasn't
illegal, right? But they still froze, people's
accounts that donated retroactively.
So they said after the fact if that was illegal.
Now what you did back then was illegal and if you look at law,
that's never. I'm not a lawyer.
But, you know, from my research, right?
You can't do that in law, right? Law becomes law.
The moment that it's signed and everything after that is
illegal, right? So so much Much nuts there.
And I again, I wouldn't be surprised that he spooked so
many people that so many people were just pulling their money
out of the banking system. And if you guys know how the
banking system works, it's not even for actually reserved
anymore. Now we have a zero Reserve
requirement. Meaning, if you put your money
in the bank, the bank doesn't have to keep that money on its
balance sheet in fax. It loans, it out to people, it
makes interest on that loan and essentially what they have, He
was a liability. So let's say you would draw
money from a bank. The bank is liable to cover, you
know, how much you're withdrawing.
But the problem is, this is called a bank run.
If everybody would draws their money at the same time, they
don't have that money on hand, right?
And especially, you know, it when it was for actually,
reserved, it was bad. Now it's 0 reserved, meaning,
they don't have anything, it's even worse, right?
So it's just a hairy, very hairy situation and again, this is
this is something called an unintended Consequence.
And when you start a war or when you do these Brash orders, which
is why they're called emergency Powers right to when they're
truly forward emergency there's gonna be millions of unintended
consequences that you're not even aware of, right.
I think that there's a generation or poor population of
Canada that's never going to trust the banking system again
and I hopefully some of those find Bitcoin and hopefully they
see that there's a much better Way, right?
But I might be hopeful there. Let's see.
Anyways, Gandalf. What are your thoughts on this?
I think I'll kick it off with the money.
Your money in the bank is no longer your money.
In fact, it's not even there, like, you just pointed out Nico.
So people should keep that in mind where the money goes in the
bank. It's now the now the bank's
money and it's not even actually there if everyone tried to
withdraw their money at the same time, they would not be able to
You know, there'd be cobwebs coming out of the ATM's.
But, yeah, I mean, this this I was surprised by the Trudeau
move and given their stance, you know, up until this point, it
definitely seems like a forced reaction to something that's
happened. Internally, I hadn't heard this
this theory that it's because of the bank's putting pressure on
him, but it makes complete sense.
You know, if they're seeing massive outflows, particularly
going to crypto exchanges, are you know, Buy Bitcoin and
whatever else, I'm sure that that worries them I've heard
stories as well of, you know, banked wanting to bring in
in-house and allowing people to buy Bitcoin and whatever else in
house because they see the outflows going to account on
exchanges and people just pouring like billions and
billions and billions of dollars into into buying
cryptocurrencies. So it makes sense that, well,
yeah. And act like that is actually
pushing everyone towards money that which you can, you know,
Would you can hold yourself? I wish I could have been a fly
on the wall as Trudeau's getting told off the you know like a
young child like a parent to a young child like what are you
doing? And he's like no we should
definitely do. We need to keep their badges.
He's like, no take it off. So but so I've some Canadian
friends who mentioned it could also be because it hasn't I
think like the emergencies Act passed in the house, but then
there's also has to pass in the senate or something like that.
Some other Ver of Congress. I don't know if that's correct.
I don't know that much about Canadian politics.
And apparently, there was a danger that it would not pass,
and so, obviously a terrible, right?
So, he pulled it before they said, no.
He's now saying, oh, it's okay. I'm doing this by, you know, the
skin of my own, you know, what? It was the same as it was when
it was, it was Matt, it was passed to the Canadian Senate
and the Senate started asking they were started inquiring,
whatever inquiries on, what was your justification for?
For the emergencies act and a court.
That's another reason or Theory as to why he pulled it as well,
right? So I think it was just a
combination of things, right? You go through Occam's razor
right that thing, right? Just it's you know, it's
obviously I think it was a combination of thing, the
International Community. I think reacted savagely.
I know that there was some communities in Canada, which
happens to be on the left hand side, by the way, politically
speaking, and they were speaking out against it.
So I think that it was just a bunch of pressure I think he got
what he wanted, right? He cleared out all the, all the
dangerous bouncy house, houses, out of Ottawa, right?
So you know, like at what point? Anyways, Phil what is the next
fail? All right, let's dive into it.
Here we go, let's dive into it. Let's dive into, let's dive into
some some ridiculous nonsense. Here.
We go at Nathan. See.
Roth, this is wild and he's talking about a tweet Storm from
Brian Armstrong. We are going to dive right into
this. Some folks ask for details.
Of how our Super Bowl ad came to be here is the quick back story.
We bought it not we bought it, not knowing what we would do,
initially an outside agency pitched us a bunch of standard
Super Bowl ad ideas. I didn't like any of them
standard Super Bowl ads tend to be gimmicky celebrity Cameo
driven going for a laugh side note, it never made sense to me
why I should like a product because a famous person got paid
to say, they like it. So we went back and brainstormed
came up with a bunch of wild ideas.
Some of these will be some of these We will do down the road
but didn't have enough time to produce.
Think Apple 1984 some crypto native Stuff, Etc.
We were running short of time a few weeks and one of the
original ideas, we had included putting a QR code at the end.
This was partially inspired by reddit's Super Bowl, commercial
at previous Super Bowl. Key Insight was if you can only
flash something on screen for a moment, people will Google it
later. How do we get them from TV to?
Phone to convert and here he gets a response from Kristen
Cavallo which we're going to find out in a second who Kirsten
is, was actually inspired by presentations.
Our agency, showed your team on, 818 Pages, 19, to 24 and ten
seven pages, 11 to 18 with ADD concepts for the Super Bowl with
floating QR codes on a blank screen.
Oh, yeah. Here we go.
So Chris, it was, it was Chris 57k.
Alum of the tightness in this and he goes I'd like to report a
murder dude. That's so This is great.
So hold on. So this Tweeter responds back
Gene Gene roses. Something is wrong in this guy's
brain. So here we go.
I guess if there's a lesson here it's that constraints breed
creativity and that is Founders. You can Empower your team to
break the rules on marketing because you're not trying to
impress your peers at adweek or wherever no Ad Agency would have
done this ad and then Kristen responds again except an ad
agency. Did that add okay.
So hold on. So hold on.
Right. Well you did some digging, huh?
Okay, so so hold on a second. So here we go.
So this is this is now we're going to go into the responses
from Kristen and who Kristen, you know, who Kristen is.
So Armstrong's tweets, drew a sharp response from Martin
Agency, CEO Kristen Cavallo, who wrote back that her team had,
originally pitched, the idea for the commercial to coinbase in
meeting that Dated back to last August and we're going to show
you that coinbase actually had hired, this marketing agency
last May. So, the timelines totally fit
out. Anyways, Kavala later, expand
later, expanded on her reasons for calling out Armstrong in a
LinkedIn. Post before we go to that post.
Here's her Twitter deed. Here we go.
Swashbuckling mama, takes her kids on International escapades,
and the CEO of The Martin Agency, okay?
Great. That part checks out this was.
Unfortunately, there was no real news behind them, getting hired
by coin basis because who gives a shit, but anyways, they did
have it published themselves. So I just wanted to show May
5th, 2021, coinbase names, The Martin Agency, its creative
agency of record. Let's dive into her LinkedIn
post. Here we go because she went on
to explain why she responded back to Ryan Armstrong.
Here we go. Yesterday, I responded to a
tweet thread and my It's struck a chord perhaps.
This is an opportunity to create positive change for the
industry. My tweet wasn't about IP or
credit. I understand multiple agencies
can arrive at a similar idea. I objected to the dismissive
tone of the thread and the denigration of ad agencies.
I felt compelled to respond to the bravado of no agency would
have done this ad, because in fact, an agency, did the purpose
of my response was to stand up for agencies and creatives and
the value we We provide advertising is seen by everyone,
but not everyone is cable capable of creating effective
memorable ads. That's why so many failed to
capture or retain attention respecting, the discipline
requires clients who value our work as an economic multiplier,
and it requires an industry. That knows it's worth.
I wrote because somebody needed to, not because it was one
agencies idea versus another. But because the whole thread was
Unbecoming and Sorry. And in this case, incorrect now
we're going to, we're going to go back and take a look at
something here. Very quickly in this tweet
thread. Now, interestingly, there were
other people from coinbase that chimed in like the marketing
officer from coinbase. So we're just going to add.
I to me, this is like adding fuel to the fire.
This is very childish and a major corporation like this
should have eaten some frickin Crow and gotten on with their
lives. But anyways let's continue coin
basis, Chief marketing. Officer Kate brauch eventually
replied to Kavala sweet acknowledging that ad agencies
were involved in. Developing the concept.
However she pushed back on the notion that the idea was taken
from Martin Agency. Oh well we're not going to let
you have that not gonna let you have that piece.
So here's the actual tweet from Kate.
It's always tough when an agency of record is chosen right before
a CMO starts. Ultimately, when I on-boarded, I
made the call that the Agency wasn't a fit for coinbase.
They are a strong agency and I'm sorry, they left the
relationship with a bad feeling so don't get me wrong.
But this just to me sounds and this is my personal take because
I have been involved with marketing, for massive
companies, like this, and it's not unusual for people to steal
other people's ideas. Okay, it's not people are
scumbags. Everybody is trying to rise to
the top of an invisible pyramid and I'm not saying that every
single person you're going to work with is a scumbag.
But I can tell you when twenty years of working for major
corporations, there's enough scumbags to go around.
Okay? So I'm just not putting it past
this person. I'm not saying that she's guilty
of this. I'm just saying you have to be
objective, okay? It's kind of convenient that
this new person came in, got rid of this agency and then their
idea gets used, just saying, all right, just to wrap it off here,
coin basis. Chief product officer said, the
platform was forced to temporarily throttle traffic to
the site, due to the surge in activity.
And this was after the ad, so, This is very interesting to me.
Why did I end it off like this? Because back in 2017, coinbase
couldn't handle its traffic back then.
Okay, it couldn't handle its traffic at the beginning of this
bull run and again it couldn't handle the traffic after the
Super Bowl ad. So all this tells me is instead
of instead of trying to sell the sizzle, why don't you just
actually build a proper back end to your shit coin platform as so
that it doesn't keep getting sorry.
I have a theory as to why I actually haven't been able to so
because it's a quote-unquote crypto company, they can't rely
so Twitter for example uses AWS, right?
But Twitter is in handling people's money, okay?
So I think that they have to build out their whole back end
meaning like actual physical infrastructure, right?
So I think that's why they're having trouble scaling the way
they are dude because think about it they have to buy those
servers and you and I both know servers are very expensive,
right? So that whole back end, they
Have to build out physically themselves as I don't think it's
as easy as Twitter. It's like oh let's expand let's
buy more AWS space. You know which you and I both
know feels very easy to do. So look at the end of the day, a
shit coin exchange shit coins. Rug pulls this Ad Agency
potentially we don't know steals their idea and let me touch a
little bit about the Ad Agency thing.
I think it's a dying medium. I think social Just and the
internet in general, really, like, ad agencies used to be
huge, right? But I think it took away a lot
of their business per se, right? Because, you know, you could
just have influencers and they'll promote your product and
it's a lot. I think it's more effective in
my opinion, then you know, using a traditional ad and then
there's the case. It's like who really watches
ads? I don't watch ads, right?
Phil do you watch ads? Like who the fuck watches ads,
right? Unless you're, you know,
watching cable news but not that many people watch cable news
anymore, right? So it's like, Like you could
always pay for you to premium, if you don't want to wait for
the ads and YouTube premium. I mean, for the ads on YouTube
to, it's like I make sure you watch like five seconds, right?
So again, I think it's a dying medium in general.
So, I think she has to protect her, keep, so to speak.
I think that that really got under her nails that Armstrong
was just like, yeah, we came up with this ourself, but at the
same time, perhaps you should have posted proof, you know?
Because she didn't say anything. I mean, she did she did say the
number and the page. Age in the this but it's like
maybe she was, you know, tie her hands were tied because of an
NDA, but I don't know, man. It, you know, that these things
you just kind of have to believe them at their word but you don't
know you don't know what to say, it's very it.
I'll just say this, the CMO, the chief marketing officer of of
coinbase was awfully defensive and she had a fucking nft as her
profile picture just to kind of get you a look into what those
shit Corners are doing back there.
Oh my God. Not Surprised anyways, Gandalf.
What are your thoughts on all this?
Yeah, I mean I thought they the seat, there's the CEO of the
modern agency. I thought she handled it like
with Grace and beautifully and she made a good point like you
can't we can't really say whether they stole the idea that
install the idea and she even acknowledged that you know many
people can come up with the same idea.
We see this on Twitter all the time.
How many times like we seen the same time sort of like Twist on
something by different people because this it's like a mind
Hive, right? There's like a million Minds on
Twitter, somebody's bound to come up with with an But the
fact of the matter is that he was very dismissive of creative
agencies in general. And, you know, I'm guessing that
if creative agencies exist is because there is a need for them
somewhere and he just kind of like poo, pooed on the mall and
he kind of gave off like a, he thinks he's like, Steve Jobs
Vibe, like breaking the mold and he like, we don't use creative
and Z's because we're coinbase were too cool for that.
Which he's not, he's absolutely not.
There's such Innovative Geniuses training noobs to buy shit coins
and get fleece. Literally like the definition of
first-mover advantage there, right?
Yeah. No it's it coin basis business
models fucked right because they're stuck their business
model revolves around selling shit coins.
Right. So they essentially their
incentivize to tell people and you know they do that with the
courses and all the bullshit that they do there.
Sensitive eyes people to buy their dog, shit.
Right. And now, and this is goes to,
we've been talking about this topic for a while, which is why
it is coinbase not add lightning.
Well, if they added lightning, it would kind of defeat the
purpose for like 50 or 60% of the shit coins that they pedal,
right? So again I think I think that
company is evil. I think that they have to Ally
with State, you know, which they do that.
You see Brian Armstrong and pictures and DC and yeah, I
think the next 10 years, there's going to be an evil eye.
Science between the Fiat Legacy system.
Tie trying to stay relevant and survive and shit coins, right?
You know, and they're gonna lie, they're going to a lie and, you
know, it's going to be bitcoiners on the other side and
it's going to be it's going to be a really fucked-up battle in
my opinion. That's what I think.
Of course I'm speculating. Awesome fails today, fail.
But anyways, it's time for the daily meme.
Review brought to you by sit it out to anyone.
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All right, everybody first meme is brought To Us by mr.
Robot corporate needs you to find the difference between this
picture and this picture? They're the same picture.
That's absolutely hilarious. All right.
Moving on to the next one, this is 21 million TV underscore
this. The choice is yours, gain value
with high volatility, lose value, with low volatility,
Bitcoin games Valley with high volatility, you know what, when
the central bankers and all that shit, talk about shit like
Bitcoin, like it's unstable and they failed to mention this,
they fail to mention this, right?
It's like yeah, it has stability but it's slowly loses value over
time. Yeah.
Bitcoin might be volatile but on average has gained what two
hundred percent a year since its Inception like so fuck you and
your low volatility nonsense. Anyways, moving on, next meeting
brought To Us by Bitcoin meme lib.
Nothing to see Here, Bitcoin. Bitcoin is just checking knowing
inflation as an all-time high and you know, it's the Muppet
drinking the Lipton tea. Oh, I think he might come be
competing for the best Muppet with yellow.
Let us know down in the comments which is a better Muppet the
green Muppet, Kermit, the Frog or yellow, the Bitcoin Muppet.
Anyways, what were three breaking out how I'm doing?
Because I hold Bitcoin. Yeah, it's a famous guy with a
house on fire. I'm doing fine.
Absolutely hilarious. All right, my direct deposit.
The dip. It's so true.
It's so hard to just have a little bit of Fiat in the bank
account. You know, I've had so many
overdraft fees is not even funny.
All right, next one, finally, DC a stacking Bitcoin after
realization that the other coins are centralized.
And this goes back to what we were saying during the daily
fail, which is why coinbase is so insincere.
They might be showing off, all these functionalities at all
these shit coins do but what they fail to mention is that
they have all those extra functionalities because they run
on AWS servers might as I'll just run a centralized fucking
shit coin running on AWS, and it would be faster anyway.
So it's just, it's a facade, it's a fugazi.
Anyways, leaves coins, on Exchange to trade account seized
by government, for making memes, dude, that is hilarious.
Very good job. Shout out.
Can seven, nine nine, five, zero seven, two, two.
All right, next one is brought To Us by Chris Tarpon, he's
replying to honk Hogan. Good morning to all Sovereign
bitcoiners, who takes off. Custody of their time and energy
and says good morning. The world going to shit me
buying more Bitcoin. It's true Bitcoin.
Protects you with this orange force field of energy of
decentralised energy. It's absolutely gorgeous.
And for that Phil, I'm going to give it a very special score.
I'm going to give it a box but not only.
Is it a box? It's a box with the lens cap
inside and a cap. But what is it a cap to?
It's a cap to a hot sauce and it is some organic jalapeno, hot
sauce. Yeah.
So, what would you give those memes?
So, it's a gift box with a cap to a bottle and a lens cap.
Yeah. What is the strangest?
Assortment, I don't even know what to say.
I don't even know what this and I can't top that score.
I'm not even gonna try to top that score.
Okay, but look, I am gonna go with again another, another one
of the great wood workings from Quinn solo, not actually sure
what this is, but it's Bitcoin and it could not be a building.
Is it like, I don't know. It is a building that point
building Right the Bitcoin building Bitcoin building.
Anyways these these awesome little wood magnets from Quinn
solo Gandalf, from the Shia. I think that that you left at
the end of the movies. What happened?
Your back net. Did I leave?
I remember I literally just watched all three of the
extended at the end. 4K ones, but I the end of Return of the
King is so boring. I never watch it to the end
because I got 20 minutes of them old kissing and hugging so I
don't know what happens again though.
He's there I'm pretty sure he's I feel like case he takes that
ship, he takes that shit with Frodo Frodo.
Like I mean he's not good. No but that's the other stay
Simon stuff. Stay and Frederick got enough
going implies that that that's like death because the photos
like old for anyways Gandalf. What would you give those memes?
I'm gonna give them a Fudd dice. Oh, nice.
The other day. Phil, didn't you give it this
week last week? Last week, I got ya.
The FED buys last week. Oh, okay.
Anyways, we have to try to get the black ones though, just
saying. I don't know where to get.
Those are the oldest ones. Oh, okay.
So those are like the OG, the black.
Oh gee. Anyways guys, we want to know if
you agree with our scores, you disagree, let us know down in
the comment section. Make sure to subscribe to us on
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and make sure to join our telegram group linked us, some
dank dank dank dank Bitcoin memes review.
But anyway, so it's time for the Daily News brought to you by
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Cloaks.com. All right, we're going to change
it up today. We're just going to cover one
topic because I feel like it's a very, very big deal.
We're going to talk about what is happening in the Ukraine and
how it affects Bitcoin. So, you know, I tried to cover
it on multiple different angles, let's get to it.
So what is, you know, what is the the local situation?
So it looks like it not looks like Ukraine, you know, declared
martial law. All right, I've been part of
that was suspending use of digital wallets, whatever that
means. Anyways, the article goes on to
say following the Declaration of Martial law in Ukraine.
The Central Bank suspended the country's currency markets, stop
the circulation of all Securities.
Limited cash withdrawals and halted, the use of electronic
currency and digital wallets. The wording of the Central Bank
resolution calls on issuers of electronic money to suspend the
issuance of electronic money, the replenishment of electronic
wallet with electric electronic money in the distribution of
electronic money. I don't know if that that
implies should coins and Bitcoin.
I have no idea that the article specifically says, ins that
cryptocurrencies and weren't mentioned.
We know that ukrainians hold something like 200,000 Bitcoin
collectively, right? So, it's a country that has a
lot of Bitcoin, right? A Bitcoin magazine just opened a
branch there in the country, right?
We covered that, we had knit cap, mine head of news when that
happened so many ways. What is the, what is?
Why did they do this? Because everyone, when they get
scared, They go to ATMs and they try to withdraw cash, right?
That is like one of the first things that people do.
Now, here's the thing, Bitcoin really does fix this.
Do you think that ATM has enough money?
And its small little machine for all those people behind their
right? This is a tragedy.
And of course this is why the government froze.
The withdrawal is right. They're going to do it under the
guise of War. So what is the first thing that
Bitcoin fixes? Bitcoin gives you the ability to
not only vote Your wallet. But it also gives you the
ability to vote with your feet. It's a lot easier to leave the
country. If you could take everything
with you and Bitcoin gives you that capability.
Anyways, moving on. What is the next big deal?
I think so. Look at the end of the day, you
know, there's a significant portion of the hash rate is
coming from Russia, specifically around 11% and there's a good
amount coming from the you cane. Not so much, but Oh point one
three right? What are the implications of
that potentially potentially some of that hash rate some of
those some of those Bitcoin miners could be effective but
like I've been trying to hammer in your guys's head Bitcoin
miners tend to be in tend to be around stranded or isolated
energy Pockets. Because if it wasn't, if it was
near a big city or near a military installation, that
energy would be in use basic supply and demand.
If there's a lot of demand, but there's not that much Supply the
price tends to go up. Bitcoin miners, tend to be
isolated. Now, has the hash rate, been
affected by the war, it's too early to tell but so far no.
And I just like to point out that the hash rate completely
left, where the hash rate was back, when the China been
happened, it left it in the dust.
So that's a very good news. I'm going to keep an eye on it.
If it does go down, I will, you know, I'll retouch this topic,
anyways, moving on it. Part of the hash rate in the
mining discussion, this is what Gibbs we had them on the A show.
He is the CEO of compass Mining and this is what he had to say.
I am always very sensitive to what happens in Eastern Europe
Latvia is home for me. My thoughts and prayers are all
with all affected by the conflict.
Hopefully, we see a peaceful Revolution soon.
I want to reassure our customers hosting and Russia that we are
in the constant communication with the facilities which are in
Siberia. Siberia is literally in the
middle of nowhere and it's also on the other side of Russia and
well isolated from any geopolitical and less which is
why Ed miners, tend to be an isolated energy Pockets because
it's cheaper. Their Compass has confirmed with
our partners that all miners are safe and will continue running
as normal. If anything changes know that
our team will communicate that as soon as possible.
So interesting stuff. Anyways, the last topic that I
wanted to cover is very, very old concept that we covered
rules for the and not for me, right?
So let me let me start it off with this article, right?
New US sanctions on Russia not expected to severely Target
energy sector. Why is that right?
Apparently this is the worst thing that has ever happened.
You know, the literally a full-on invasion of another
country that hasn't happened in Europe in decades.
Right. But, you know, they were very
quick. The financial system was very
quick to cut off, Afghanistan completely right there.
Trudeau was very quick to cut off.
You know, some peaceful protesters in Canada, right to
cut them off from banking. But here you have a country and
literally invading and bombing another country and they're not
completely cut off from the financial system.
I wonder why. Anyways, the US and its allies
are expected to impose new, major new sanctions on.
Russia punishing, President Vladimir Putin for ordering a
full scale, invasion of Ukraine, but stopping short of targeting
some critical sectors of his nation's economy.
The administration is concerned about global energy markets.
Another senior Administration official said no option is off
the table, but starting out with energy could actually benefit
Putin and bad for his pockets, given high, high oil, and gas
prices cutting off Russian oil and gas will drive prices up to
Putin's benefit. Anyways, how bad is this?
Check this out. So Jen is so Germany, got Greg
Greta, pilled. So he's referencing a Greta,
Thornburg, and this all ties in with the ESG bullshit as well,
right. How are you?
And now can't enforce sanctions against Russia or defend Europe
because they would freeze and starve.
Turns out energy is a matter of National Security who knew,
right? Again, all these ESG people and
all these environment they didn't plan for this.
Germany is in the situation where they shut down a lot of
nuclear power plants and now they're completely Tied by The
Hip To Russia because that's where they're getting the
majority of their natural gas and your this guy gets into more
details. German economic Minister hard
book, says 50% of our coal comes from Russia.
Germany economy. Minister says, hi Beck says, 55%
of our of our gas comes from Russia, German economy, Minister
Holbrook says, 35 percent of our oil comes from Russia.
So again, they can't do. Do anything, they can't do
anything. So look, before I move on to the
next article, right? And I might add that there was,
there was this other guy that that he tweeted this out,
Germany's going to continue buying natural gas from Russia
because they don't have a choice, right?
So what does this have to do with Bitcoin?
Okay, so again, it's rules for the and not for me, right?
So you have Afghanistan completely cut out from the
financial system, but you have Russia, that completely invaded.
Another country and it's fine because they give us gas and oil
and all that stuff. So to critiques I have which is
all the ESG people shut the fuck up okay?
That's what I had to say. The US was literally oil
independent right now with the new administration at
environmentalists economic whatever they stop that now we
have to rely on another country. Look at the look at the price of
oil, right? That's my first critique.
Second critique is a Apparently the morality of banking only
applies. Sometimes there's an apply the
other times. Apply sometimes, keep that in
mind when I read the next article because of course, never
let a crisis go to waste, you know, the politicians are going
to try to use this to attack Bitcoin, of course.
Anyways. Phil, what are your thoughts?
It's funny that you said morality and banking in the same
sentence that's just like what. I'm like, no, no that's not
real. To your point.
They try to hide behind you. Okay.
Of course, of course not. That's why it's so funny, right?
Because they play pretend and they think that people don't
notice. But look, this is just I really
feel bad for Germany right now in this particular case, you
know, having to, you know, having to rely, they probably
shouldn't have listened to Greta so hard.
It was, it was a noble idea but reality just slapped him in the
face and they're just like, oh, maybe we should have kept those
And to your point, right? And to your point it's a noble
idea when no one is aware. That the money is being printed
to fund all of these causes and to subsidize all of this crap.
Okay. It's anyways, I just you know
what, this is not going to get any better any time soon.
There's just going to be even more confusion and seriously,
Germany is really stuck between a rock and a hard place.
So yeah. Know what they're going to do, I
really don't, you know, maybe they can find somebody else to
go and you know by the natural gas from in the meantime anyways
Ganda, what are your thoughts on this?
So I've literally just been watching.
I spent some time watching Putin's like hour-long speech
from earlier today with subtitles.
And then I watched Joe Biden's latest time where they let him
talk to the Press because, you know, they don't really don't
let him talk too much because like I can't read a teleprompter
and can't speak from just from his heart, but He made the, the
reporters were hammering hammering away at this point,
like, why haven't you banned them off Swift?
Why haven't you banned them off Swift?
And he let out that they haven't done that because their European
Partners do not want that to happen.
And my assumption there immediately was like that's
because they need to buy energy for them from them and they need
to pay them and if you cut them off from Swift, you can't pay
them for your energy. And then you like Nick Carter
said, freeze and starve. And You know, yeah, you could
feel sorry for them or you could just say they kind of got what
they deserve for listening to a fourteen-year-old on an issue of
National Security. And, you know, when you have
such a narrow sort of focus on a very complicated issues like
energy, when it's just all about like being green and I say green
because like it's arguable that these things are even that green
anyway. We've all seen the we've all
seen the the cemeteries for For windmills, right?
They can't recycle them. So they like, they take them
and, like, pile them and try to bury them into the ground.
Like, where do you what energy do you think is used to like
make solar power? How do you make, you know, the
first solar panel. If you don't have solar panels
to make solar energy to make the panel's, you use fossil fuels,
right? So it sounds like you're all
like, all right. Extremists to be honest.
Yeah, I definitely am. I definitely am.
That's exactly how I self-identify.
But the end off made a great point about believing a for
Ten-year-old, right about a matter of National Security.
This is something really interesting that I think used to
be fair. I think she was the figurehead
of the movement, but I think that there is a lot more, I
think it was a powerful movement that had a noble goal, which is
there's a very famous saying, right?
The road to hell is paved with good intentions, right?
Clearly didn't think this through?
Okay. Just like but I didn't, you
know, the US for the first time in a very long time because of
fracking was oil independent for very long time and then he
reversed that A political reasons like it's they're not
thinking it through, right? So I would like to believe
there's more malicious intentions but that is going in
the conspiracy theory stuff. So I'm right on top of it out.
Anyways, Phil I was just going to say for me it kind of Falls
in line with the child warship that we have and I don't know
that if this happens all over the world or if it's just
Western culture right but we have this obsession with you
know with wanting to be, she's 18 by the way so you can talk
shit about her now. Oh no I don't even it does it's
not even talking shit about her. I'm just saying Zoom out and
look at the symbolism, right? We're totally obsessed with that
stuff. And if you think about it in our
culture, right? We look at you know look at old
people and they're just a pain in the ass.
You know, like this is what happens to all of us.
We just become these old pains in the ass.
You know, it's all about, it's all about the, you know, the
young people. Knowing what's new and
everything like that. Look at social media, right?
Social media is not for a 65 year old or a 75 year old
person. Sure they can partake but
they're not going to get it like a 14 year old is going to get
it. So my point is, is that To your
point, they used a proper symbol to get their message across
because they understand how people think right now.
It's like yeah you know they're going to trust her.
Maybe we don't know, maybe we're just old and stupid.
Let's listen to the Future, she's the future.
Trust me, man. It's there's a lot of this kind
of nonsensical brainwashing that goes on, and we don't even know
what's happening to us. Well, now reality is snapping
back into place, right? And yeah, Germany sucks for
sucks to be you, but anyways, so this is the most important.
Part. So we've covered a couple
aspects, right? That situation for the people on
the ground. In Ukraine will talk about the
price. You know, we don't talk about
the price very often but the price apparently rebound so far.
And then we talked about the hash rate, which I feel like is
the most contentious issue because that is actual physical
Hardware in Russia, right? Potentially a country that the
United States is going to be hostile to.
But here's the part that I want you guys to focus on, right?
Because this is the actual part that they're going to use to try
to. To Pedal garbage.
And again, that isn't me. Speculating connect the dots
guys. We've been on top of this.
We already had a announcement from the senate in the United
States. Essentially making a big deal
because El Salvador and Bitcoin becoming legal tender could use
your to use their words could potentially undermine the United
States abilities to sanction countries, right?
And this article is going to get more into depth with that, but
you already have the corporate propaganda media.
Itís spin up a narrative and what we're going to do.
Like we always do, we're going to go through every single point
and we're we're just going to provide a counter narrative,
right? They get it.
They got to set the tone. We're just going to give a
different perspective. Anyways anyway, article in New
York Times Russia could use crypto currency to blunt the
force of un sanctions that's already wrong because we know
that they're not going to get kicked off Swift completely.
Why? Because they're totally Europe.
Is totally cooked to Russian natural gas anyways, moving on.
So the premise of The article in my opinion is already wrong.
So when the United States barred Americans from doing business
with Russian Banks, oil and gas, developers, and other companies
in 2014, after the country's invasion of Crimea, the hates
Russians economy was Swift and immense economists, estimated
that sanctions imposed by Western Nations cost, Russia, 15
billion dollars a year. So, was Russia just going to lay
down and accept that? No Russia has been dropping off,
massive, dollar reserves and they've just been stacking on
gold. There is a recent trade deal
between China and Russia and they didn't close the deal in
dollars. They actually close the deal in
Euro, so, there is ways around this.
But the article would like you to believe that.
It's like the US Legacy Financial system is the only way
to do business, right? Keep that in mind because
they're trying to set this narrative, which is like if we
have this all if it wasn't for cryptocurrencies, we'd be able
to save the world, you know? Anyways and again it's
hypocritical because we know that they cut off.
Nice tan, which is not a bigger threat than Russia, in my
opinion but they won't cut off Russia.
So it's hypocrisy at its finest anyways.
Since then the global market for cryptocurrencies and other
digital assets has balloon. So since then since this
happens, right? They would like you to believe
that. Since then the global market for
cryptocurrency and other digital assets has believe that's bad
news for enforcers of sanctions and good news for Russia.
It's good news for Russia to cryptocurrencies have ballooned.
Anyways, the United States is particular in particular, Able
to use sanctions as a diplomatic tool because the dollar is the
world Reserve currency and used in payments worldwide American
government officials are increasingly aware of the
potential for cryptocurrencies to lessen the impact of
sanctions and are stepping up their scrutiny of digital assets
to apply sanctions, at government makes a list of
people and businesses. Its citizens must avoid anyone
caught engaging with a member of the list, faces, heavy fines.
But the key, the real key to any effective sanctions program is
the Global Financial shal system banks around the world.
Play a major role in enforcement, they see where
money comes from and where it's bound and anti-money laundering
laws. Require them to block
transactions with entities that are under sanctions and report,
what they see to Authority. So essentially what they're
admitting is that banks are really an enforcement arm of the
state. If you notice what was happening
in Canada and how Banks essentially became the
enforcement arm, they're the ones that froze, the accounts,
you could see if your money is in the bank you You have a two
or three multisig, with the relation with the bank, to of
the keys are held by the bank, and the state.
And you hold one of the keys, that's really how it works.
Anyways, but if banks are, are the eyes and ears of governments
in this space, the explosion of digital currencies is blinding
them. That last line, I think that
they wanted it to be interpreted in a certain way.
I think that's a really good thing.
Anyways, moving on banks, have to abide by here.
It is. Phil, we talked about this a lot
know your customer rules which include verifying And their
customers, their clients identities, but exchanges and
other platforms that facilitate, the buying and selling of
cryptocurrencies and digital assets are rarely as good at
tracking, their customers as banks are.
And again, could you tie in where self custody comes into
this, right? Because in the banking system,
there is no way out, but in crypto to use their words and
when you take self custody, it's much harder for the government,
the bank to free something without using violence.
In fact, without using violence is pretty much impossible.
But if you do it correctly, anyways, even though they are
supposed to follow the same rules in October, the US
Treasury Department, warned that cryptocurrencies pose and
increasingly serious threat to the American sanctions program,
that us authorities needed to educate themselves about the
technology. How about you don't weaponize
your currency against other people.
Because what this article would make you would make you want to
believe is that this only captures bad people, but if
you're in Cuba, if you're in Afghanistan, if you're in
countries that the The US has sanctions towards.
You can even receive money over. See from overseas and you could
be an innocent civilian and you're not political whatsoever,
you know who's there? Bitcoin is, right?
So anyways, article goes on SAS some cool pictures in early.
February independent sanctions. Monitors told the UN Security
Council that North Korea was using crypto currencies to fund
its nuclear and ballistic missile program according to
Reuters spokesman for doorways permanent mission to the UN And
may the consulting firm elliptic described how Iran was using
revenue from Bitcoin, mining to make up for the limitations on
its ability to sell oil because of sanctions.
Do you guys get what narrative they're trying to paint?
Do you see how they took advantage of a crisis in Ukraine
to try to paint a specific narrative.
Anyways, article goes on to say Administration.
Officials are also urging the cryptocurrency industry to put
into place internal internal controls that prevent Bad actors
from using their services. So what does that mean, right?
Well, we've been talking about for the last couple of days,
right? Banning what self custody?
Why would they want to ban self custody?
Because it takes away power from the state.
But it's not only me thinking this as well.
Pirate actually had this excellent tweet and he said
random thought Russia banned from Fiat.
Currencies and banking like my pillow guy, Russia routes around
and uses Bitcoin government's, ban Bitcoin, claiming only
terrorists. It an attempt to confiscate and
band Bitcoin. If you are caught with it you go
to the gulag and again this pirate tweeted this out, like
just thinking it himself, I was thinking this as well and then
this New York Times article in the way that their phrasing
thing really just confirmed it right.
They're obviously trying to use this you know they're trying to
take advantage of the crisis to try to paint you a specific
narrative to try to tell you that the u.s.
Sankey the sanction system is perfect and my opinion, the
sanction system is anti-human. Right as much as they would like
to tell you. Yeah.
It's only hurting governments in those evil regimes.
I don't like people and I don't like the government of North
Korea don't like the government of Russia.
I don't like the government of China, but there is a lot of
collateral damage in these sanctions it on banks people.
It D Banks, millions of people around the world that are caught
up in this Bitcoin is the money of enemies.
Bitcoin is for everyone. Bitcoin is is antifragile
Bitcoin not and that's not the word Bitcoin is, it's hard to
censor. That's the way that I want to
use. So again, you see what the
government is? Trying to paint now that the
government, but really the propaganda arm, they're trying
to let you know, right? They're trying to set the tune
and this is how the media does things, right?
This is how they paint, narratives, it's really scary.
I suspect that as things escalate, which they will, we
are in the fourth turning baby. Really exciting.
I think that this is going to be a contentious issue.
I think that the United States government and you're in.
Western governments that have most to lose with the downfall
of the Legacy system, they're going to be beating the battle
drum saying this is dangerous to democracy because we can't
sanction, certain governments. It's dangerous to hold your
money because you might be funding terrorism.
It's just completely insincere, it's bullshit.
It comes from a place of just wanting pure power, right?
I think what happened in Canada, really highlighted that.
So look guys if to Summer it up because I know this is the name
of the episode. What, what is the consequences
of what's happening in Ukraine? I think that this is going to be
used, I don't think this is going to hurt Bitcoin and
there's in the short term I don't think it's Gonna Hurt its
price. I don't think it's going to hurt
the hash rate. I think ukrainians are going to
be open to use Bitcoin. However, I think that this is
going to be used as a launching platform for a narrative to try
to attack self custody and to try to attack Bitcoin
specifically in the west and they're going to you Use that.
It's golden for them. Anyways, Phil dude.
Amazing. Pulling together those points.
Look, I don't think I thought it was funny that they mentioned
North Korea because I'm here if you're buying Bitcoin your
funding, you killer weapons. Anybody really taking the the
dancing ballerina Army in front of the cardboard tanks and and
missile seriously anymore. They, I don't think anybody
takes them seriously. And you know what, if they're
using crypto currency, good for them.
They I highly doubt it because of the type of regime that it
is, but even if they were good for them, who cares, use
whatever you want. I don't really, I just see that
as noise, the other piece to, this is the US sanctions, I find
it. I mean are we just nuts that we
think that these are valid tools that make sense to penalize
entire countries because you don't like their governments and
and everybody just sits there and Pat each other on the back
and goes it's a great idea which I would have thought of that
that That this makes sense. No it doesn't.
This is stupid and it's exactly what you said.
It's anti-human, it's completely anti-human, you're killing
innocent people, you're stopping innocent people free from being
able to feed themselves, and being able to clothe themselves
from being able to transact. That's psychotic all because you
don't get along with the government.
If you look, you know what weaponizing the money it like to
me it's like it was the easiest trick that they were ever able
to pull because there's There's no other value or there's no
other way that they could have done it and to actually match
wits. Sorry, you know, like because
it's like that's what it is, you're going to choose the
easiest thing for you to do you're going to and and think
about it, right? Look at the position you go.
And you know like everybody I shouldn't say everybody.
But the countries that agree with this right?
Applaud? This behavior and go.
Yes, we need to put the sanctions on these countries.
These countries are dangerous. Every single person in that
country is dangerous psychotic. It's psychotic dude.
And it's funny because as they hit you over the Ahead with the
club like in Canada, freeze you. And then they expect you not to
use an alternative like psychotic, right?
It's like, if you don't want people to use an alternative, be
better. Be better.
And it's like, dude, if you don't want Russia to be
powerful, maybe perhaps you shouldn't have shut down all
your nuclear power plants in the country and perhaps in the u.s.
perhaps, you shouldn't have shut down the oil industry.
Just an idea but it's like no, they want it both ways
craziness. Anyways Gandalf, do you want to
tie this off? I know you live in Middle-earth,
but you're looking down on these Earthly happenings.
What are your thoughts on all this?
Yeah, so it seems to me like from up here and and, you know,
I've never been to Earth, so don't take, don't take my word
for gospel, but it seems like Bitcoin takes power away from
this thing that you guys called the state.
And it sounds like they don't really like that, so it's no
surprise that they They cracked down on it, you know, I'm not
really religious. You guys made some like
excellent points about, you know, some of the hypocrisy from
from, you know, people sanction, you know, Canadians, sanctioning
their own people. I mean they're not they're
willing to freeze the assets, a Canada's willing to push to
freeze the assets of its own citizens but not Russia.
Yeah, right. Like literally Canada's part of
this Hall of NATO and whatever right but You know when it comes
to like it's you get into dangerous territory when you're
taking the moral High Ground. You're saying Russia is bad in
the u.s. is good or even if it's the reverse Russia.
Some people hate the their own States so much that they like
take the. My enemy's enemy is my friend
right? And they sympathize with Russia
and Putin just because they hate their own government.
And we get pulled into these like false dichotomies.
And when these kinds of things happen, we have to, it's like we
feel we have to pick a side in this battle.
You actually don't have to pick a side.
Both sides could be freaking dumb asses and you could call
that out. You don't have to take a side.
Not, there's not one the US isn't good and Russia isn't bad
and it's not that Russia is good.
And the u.s. is bad. Like, Russia is trying to make
it seem right. The truth is probably somewhere
in the middle and just to tie it off.
Yeah, I heard this quote, I'm not religious at all, but I had
a quote, somebody quoted from the Bible the other day.
I can't remember what context it was in, but it was let he who is
without sin cast the first stone, right?
And it's kind of saying like, you know, the I think it's this
group of people and they want to Stone someone because he did or
she did something bad and Jesus comes along.
And he says, fine, you can Stone this person.
But but the first person to throw the stone, or the people
who throw the stone are, once you've never committed a sin
themselves and guess what? Nobody cast, any Stones, because
we've all done fucking stupid shit and made the snakes and
whatever. So for one country to sit there
and wag their finger at another country and say you've done
something bad now you must be punished by me.
Like who are you to punish anyone anyway and then you I
said, you know, and they punish people.
They expect them, not to find an alternative to look after
themselves and their families and stuff.
It's just, it's. Yeah.
Like you said, it's just lunacy, it's lunacy.
Yeah, I just I'm sorry just quickly because the, the quote
that the Gandalf said made me think right away of another one.
That's very similar is judge, judge eel.
St, be judged. So that's exactly exactly.
The same type of scenario, wisdom bombs, bro, wisdom bombs
left, and right. Absolutely great.
Episode dude, let's see guys this is the developing crisis or
events so we'll try to be on top of it as possible.
I wanted to give you guys an update because I'm sure a lot of
people are like oh my God the price, these things, the
applications. So I just kind of want it all
summarized it up. But anyways feel there was an
open source off released today. Why don't you tell everybody
about it software releases brought to you by Cipher safe?
Check them out. Cipher safe dot IO, it's the
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All right, we've got blixt wallet version 0.4 dot one that
was released. All right, don't forget to check
us out on our Audio, Only platforms, Apple podcast,
Spotify and anchor. Guys, before we go, I want to
give a very special shout-out to her Awesome sponsor, Reptar dot,
con represent Phil and I wear the hoodies, we try to wear
different ones every day they have some they have a new lineup
of hoodies coming out. They might be Bitcoin related
hint and you can get 15% off with the link Down Below, guys.
That was our show. I want to give a very special
shout-out to our awesome. Guest is a Ms. B.
TC Gandalf on Twitter, he's the magic managing director of
Bitcoin time, social media wizard of brain system and slush
pool and host of the disc. Bitcoin podcast guys, that was
our show. If you I said that twice, if you
enjoyed the show, you know what to do?
Smash of course you want to continue here in the Bitcoin.
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