Every day we're waking up to more and more devastating news
from the conflict in the Middle East, and it's on days like
these that I'm reminded of why Bitcoin exists and why we do
what we do. There's no accountability in
money. If I give you a billion dollars
and you can't tell me what happened to it, that to me is
wasteful, that that means you are not responsible.
But if you can't tell me where it went, then what am I supposed
to think? And when there has been
reporting, I mean, this is not, look, I'm not, I'm not saying
this is on you and that you caused this.
But I think it's it's a tough argument to make that an $850
billion budget to an organization that can't pass an
audit and tell you where that money went.
Like I think most people would consider that somewhere in the
realm of waste, fraud, or abuse because they would wonder why
that money isn't well accounted for.
The Pentagon has never passed an audit, and the amount that's
gone missing is bigger than the entire United States government
debt. It's always good to be bullish
on Bitcoin, but it's also always good to get a refresher on not
just number go up technology, but freedom go up technology.
This is Dante Cook with Bitcoin. Simply, let's go.
If you're a person or family fleeing Tehran or Tel Aviv right
now, well, how would you get your money out of the country if
you didn't own something like Bitcoin?
If it was locked up in a State Bank?
What if you were frozen from every financial system in the
world? Or what if you could remember 12
words in your head and cross the border?
On days like these, I'm reminded of my financial privilege and
why Bitcoin exists for people who aren't just like me.
I've discovered that. Bitcoin was freedom by observing
that people who live under dictatorships and very
repressive governments were able to use Bitcoin to achieve their
goals and aims. Regardless.
Of what their government wanted to do, and that is not something
that's possible. With the traditional money.
Structures. In countless.
Countries around the world, for billions of people, money is
basically. Used as a.
Weapon by governments and corporations against people to.
Steal from them. To restrict their.
Activities to basically. Exploit their time.
I mean, it's time theft, right? Today, more than 2 billion
people. Live under double digit
inflation. More than 1 1/2 billion people
live under absolutely intense financial surveillance.
There's 4.3 billion people who live under.
Authoritarian governments in 95. Countries and they.
Don't have property rights. Bitcoin gives anyone?
Actual property rights that they can.
Defend themselves with math to a very reasonable degree.
And that to me is a. Pretty much a revolution.
There will be people who we're going to bring up, yeah, but
stable coin. But here's the reality.
Stable coins are good for banks, central banks and others who are
trying to promote and extend the existing financial system.
But that's what they are, an extension of a system of
compliance and control where your dollars, your money can be
frozen out. Bitcoin is a protocol, and it's
completely different. On days like these, we need to
see stable coins for what they really are.
Bitcoin is volatile, yes, but it's the only apolitical,
incorruptible, borderless base layer monetary system humanity
has ever. Had if.
Stable coins. Dominate financial freedom.
Dies quietly. The dream of an open,
decentralized world is smothered by convenience and compliance.
If Bitcoin prevails, sovereignty becomes a default right, not a
privilege. The monetary future becomes a
shared protocol, not a leveraged empire.
This is pretty black and white here.
Like stable coins again are an extension of the current system
of control of all the currency caste system stuff of dollar a
Gemini and. Bitcoin is a.
Completely different paradigm that promises an open and
borderless, a political world where you can't be discriminated
against. I mean, we'll see how far we get
on that promise, but that's the promise.
So I think it's super important that we just sort of
discriminate these two things. Larry Lapparde's book The Big
Print is amazing, and it's amazing for a few reasons.
One of the amazing points that it highlights is that wars used
to be financed by the people and not by governments through war
bonds. And people would actually earn a
return for the money that they invested into these war bonds
for funding different wars and things that the governments
would do. But if they didn't support the
war, they wouldn't fund it. But that all changed when the
Federal Reserve came about. In 1914, its balance sheet was
just $200 million. By 1920, its balance sheet
ballooned to $6.3 billion. Through funding of wars in
shadow and roundabout means, we've created a war industrial
complex, and right now there's no accountability.
I believe that the majority of people around the world don't
want war, but the war isn't tied to our pocketbooks, but the
unlimited money printer. And the thing about Bitcoin is
that it arms not only the billionaire, but also the person
fleeing their country with the financial tools to defend
themselves. So, you know, for me money, you
know, when I studied money or look at money, it's really about
control. You know, who who is creating it
and how much does the population know about the creation of that
money. And when it comes to Bitcoin,
it's really the people's money. Like there is no shadowy force
in charge of it. We all know the rules.
We all know how it's going to get minted and how it's going to
get printed. And, you know, that information
is out there for everybody to see.
And there's no like, special group of rules for one group of
people or another group. You know, a billionaire and a
refugee are the same in the eyes of the protocol.
This is a rather revolutionary concept.
And in the same way that democracy allowed us to
decentralize politics and have checks and balances, and in the
same way that the Internet is a culmination of technologies that
allowed us to decentralize information, access to and
control over it, Bitcoin, you know, decentralizes money.
I mean, no longer again, is there one group of people who
can just change it arbitrarily. We're all on the same playing
field. And I think that is a tremendous
innovation. One of the things that somebody
who doesn't have a bunch of financial means can do that's
just like a billionaire with Bitcoin is not sell their
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Bitcoin one of the most powerful financial assets in the entire
world is the fact that you can just remember 12 words or 24
words and recover your Bitcoin anywhere that you are.
That's incredibly freeing and powerful, but you don't have
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Schedule a free 30 minute consultation on how to protect
your generational wealth the right way at the
bitcoinway.com/simply Bitcoin. Bitcoin is the hardest money
that we've ever created. It provides people that are in
less fortunate situations than us in the United States with the
financial weaponry to defend themselves against authoritarian
regimes. It also provides property
rights. This is an old but goody a clip
from Safety and where he talks about Bitcoin providing people
with the ability to defend themselves in this economic
struggle. It's not optional.
I mean, you will either move there or you will watch your
wealth lose its value as the people who put their money there
appreciate. You know what I mean?
Just think about it, you know, if you have $1,000,000 and you
put them in a currency that's constantly depreciating or
somebody has $10,000 and puts them in a currency that's
constantly appreciating, it's only a matter of time until they
overtake you. And you know, people are not
stupid. They will realize this and they
will want to move forward. So the when I talk when when I
talk about Bitcoin adoption, people think of it as being like
say Apple iPhone adoption. You know, it's very nice and
very cute and then people will buy it.
But I think that's not the model for Bitcoin.
Bitcoin is more like gunpowder adoption.
You know, if you think about it, did the French army have a
choice whether they should adopt gunpowder or not?
You know, did they decide? No, you know what, we like to
keep it real with the sticks and stones and swords and and we're
not going to use gunpowder. If, you know, any army that
decided to do this, it didn't matter because then another army
with gunpowder would come and take over France.
So eventually everywhere in the world ended up with gunpowder,
either because people adopted it or because it was used against
them. And I think Bitcoin is like
that. Bitcoin is like financial
gunpowder. It's the safest way of sending
money halfway around the world, the most secure way, and it's
the hardest money that we've ever invented.
Bitcoin's freedom advocate Alex Gladstein has talked about this
at length and. The idea?
Was the Greeks had been like trying to take the city of Troy
for like a decade at these like impregnable walls and they
couldn't do it. And Ulysses and the rest of the
Greek army were like, we don't know what to do.
So Minerva, the, the, the God of strategy and war, you know, kind
of like they get this idea from her, I guess, to, to actually
try to use subterfuge and trickery to take over the city.
So the idea is to, and this was sort of hatched by Ulysses,
right, to put this horse together.
That would kind of be like a gift.
So the idea was the Greeks just like pretended to leave, right?
They they deserted, they left behind one soldier and this
horse and the Trojans looked at it and they were like, what's
what's going on here? And they brought in the soldier
and the soldiers, like, look, they laughed.
They're so sorry for all of the desecration and blood spill.
This is their gift to. You it's, you know, honoring
Minerva, you know, it's like this like, you know, trophy for
you guys. And there were actually people
inside Troy Cassandra, a prophet, as well as Lao Kuan,
who was like a priest who said no, no, no, this is obviously a
trick. This is obviously a trick.
But they were like dispatched and ignored because the horse
was like, it was just like so bad ass so that the Trojans were
like and bring it in the city. So they brought it in
themselves. No blood spilled at all.
Right in the middle of the night.
Of course, we've what you realize is the horse was packed
with Greek soldiers and they come out and they let the army
in, which was like hiding behind an island.
So this idea that like something could be so attractive that you
really can't say no, even if you know what's inside of it.
Is it played with in Bitcoin. So like Bitcoin has this number
go up technology, right? Is what we call it in in sort of
shorthand NGONGU, right? But what people don't realize is
that NGU is like the Trojan horse inside the Trojan horse is
FGU freedom go up technology. So dictators and rogue regimes
and corporations are going to buy mine tax, accumulate this
thing because it's the best performing financial asset in
the world. What they don't realize or
they're going to have to ignore is that they're also aiding and
abetting this freedom technology which allows individuals to be
sovereign and eventually erodes their power.
This is the ultimate goal. You can't defeat the system from
the outside. The system will find ways to
defend itself against outside forces.
It needs to be defeated from the inside.
And that's exactly what bitcoins doing, a strategic Bitcoin
reserve here, a treasury strategy here, softer and easier
loss here are going to make bitcoins number go up.
But with that, you are embedding the financial system with a
protocol that cannot be stopped. It cannot be and it cannot be
taken away. This is the ultimate goal.
One of the ways that we can continue to make sure that
Bitcoin is freedom technology is by making sure that mining and
pools are decentralized. You can learn all about the
decentralization efforts that are going on in Bitcoin mining
by going down to the Mining Disrupt conference from November
11th through 13th in Dallas, TX. Use the promo code Simply
Bitcoin for 20% off. Thanks for riding with me today.
This isn't a super bullish episode, but it's one that I
think we need to hear and recognize in light of all the
events that are going on in the world.
As always, I'm going to keep it real with you guys.
This is Dante Cook with Bitcoin. Simply happy stacking.