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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. 

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And the plebiscites man, I am 
glad to be back. 

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Nico. 
You know where we're going. 

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It's number time, let's do it. 
Brought to you by not only make 

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some of the best Bitcoin notes 
like the not a one run, your own

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version of Bitcoin core. 
The lightning Network, whirlpool

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and Dojo all from the comfort of
your own. 

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Home. 
And now, if you're a digital 

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Nomad, you have no excuse 
because you could run not all 

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Cloud. 
Not all cloud. 

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Is the noddle through a virtual 
private server, all the benefits

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of a node, but you don't have to
be anywhere. 

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It's awesome. 
Visit novel. 

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Dot-eu at the time of this 
recording to block. 

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Height is 740 4605. 
The Bitcoin price 20,000 525, 

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chain rewrite days. 827 total 
public lightning capacity 4211 

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dot sixty. 
Moscow time 48-72 blocks to the 

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having 95,000 395 and the 
samurai Whirlpool unspent 

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capacity, Samurai Whirlpool is a
coiner collaborative. 

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Spend it's not a mixing service 
and the unspent capacity from 

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that pool is 4880 1.25 Nico, the
very uneventful numbers and I'm 

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glad you're back. 
Bitcoin is the new Stable coin 

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at 20K say that I know might get
a break it. 

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I might did I just jinx it? 
I don't know. 

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We shall see but so today, we're
going to react to some comments,

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right? 
Oh no. 

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We've been getting some very 
colorful comments because price 

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of Bitcoin is down. 
So we have a comment from a vac,

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I'll pop it, you know. 
Pop it up for you guys on 

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screen. 
You guys know the deal and Tuvok

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cess How to explain that your 
economically. 

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Illiterate in 30s. 
Ahaha, first of all, that's a 

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compliment fill because you're 
in your 40s. 

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My friend don't wait, I'm 
economically incompetent in my 

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40s. 
Yeah they say I just did we just

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outdo him he just said how to 
explain that your economically 

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illiterate and no sorries and he
was responding to a short and 

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the short was Bitcoin holds 
value better than the dollar. 

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I guess he never actually took a
look at that chart with the, the

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US dollar losing 99 percent of 
its purchasing power that, you 

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know, that person. 
And, again, don't get me wrong 

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in a traditional banking system,
right? 

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It looks, you know, we look like
we look like idiots, right? 

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It looks like it makes no sense 
because when you don't actually 

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understand the proposition of 
Bitcoin and you look at the 

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dollar and you think we'll wait 
a second, my dollars, not losing

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purchasing power, but in all 
honesty, if you go take a look 

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at the US dollar, you'll see 
it's lost 99 point. 

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Something percent, you go take a
look at the Euro, the Euro has 

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Lost over 97% purchasing power. 
So I'm actually I'm actually 

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looking at right here, I'll pop 
up and image. 

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Okay, cool is when we look at 
it, right? 

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And the consumer goods, which I 
think is the most useful, right?

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If you zoom out, because he's 
absolutely right on a year, on a

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year basis, right? 
The, a medium new house, what's 

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something that you buy it? 
Let's say a house, right? 

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So house and priced in u.s. 
dollars, u.s. dollars worth of 

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bitcoin houses are 73%. 
More expensive, if you look at 

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on a year basis. 
However, if you look at it on a 

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three-year basis, houses are 
actually even with 100% up in 

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the last two years houses, if 
you were saving a Bitcoin, we're

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actually 21 percent cheaper. 
If you were saving a Bitcoin on 

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a five-year basis, houses are 
actually 84 percent cheaper. 

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So, Mock. 
You know what, when you 

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commented this? 
I think I was in my 20s. 

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I just was in my, I'm in my 30s 
now. 

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In fact, I've been, I've been 
wealthier in my 20s that I 

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haven't in my 30s. 
I texted you. 

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That babe remember the other day
film. 

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Yes. 
But okay. 

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So I do want to add one other 
thing though. 

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Okay. 
It's because I just turned 30 

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guys just just a little, just it
explanation If he if you cherry,

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pick your timelines. 
Okay, to fit your You'll never 

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have to learn anything else, 
okay? 

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Because you will always find 
biased information to make it 

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seem like what you think makes 
sense and and we know the 

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feeling in Bitcoin, but believe 
me, I spent I've said this a 

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thousand times. 
I used to wake up every single 

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day and I was like, hey this 
this thing has to be garbage, it

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has to be a scam. 
I need to figure this out and 

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every single day I would try to 
figure it out. 

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I would I would try to find the 
angle and every day, I could not

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find the angle and I would just 
go and stock more porn. 

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I'm like, all right, cat. 
Get this out. 

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I'm just going to buy more 
Bitcoin because this right now 

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is what makes the most sense. 
So full of cherry picking those 

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timelines, you're not helping 
yourself. 

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I know you think you're helping 
yourself because you feel better

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on the moment, but when you zoom
out you're going to be wreck Bud

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because you're not understanding
what's happening to the dollar. 

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Absolutely. 
Now, moving on to the next one. 

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Fill. 
This was my, I forgot there was 

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another one. 
There's this one's a little bit 

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more complicated, it's by Wayne 
last and he said and this was a 

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reference to To the shore. 
I think you actually put this 

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the other day, why governments 
can't be trusted to print money.

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That was the title of the short.
And Wayne last said, the rich 

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have the ability to generate 
more wealth, which is subtly 

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taken from the middle, and pour 
classes. 

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And then he goes on to say, 
well, Thomas Flores says, don't 

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blame the rich for the work of 
Washington. 

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Very good answer and then Wayne 
last continues. 

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He says, I'm 100% right? 
I've never say I'm 100% right if

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I'm if I'm sure about something 
I say 99 because there's always 

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that doubt, right? 
So humility, right people with 

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money, you use it to extract 
wealth from each other. 

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The entire economy is structured
us this way which is why the 

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rich get richer and more divided
we become. 

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Okay? 
So the first part of that is a 

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is ideological and the way that 
you're looking economics. 

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So I'm not going to bother going
back to that. 

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Because some people say, you 
know, we use money to create 

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wealth, right? 
That's what it's all about money

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is it taken, right? 
It's created when you produce 

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something, but I understand that
certain people with certain 

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ideological beliefs might 
disagree. 

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So I'm going to, I'm going to 
stick to the money argument 

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which he says the economy is 
structured this way which is why

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the rich get richer. 
And more divided we become I'm 

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going to leave the economic 
thing aside but the rich get 

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Richer, and the poor get poorer.
Maybe if you say if you're 

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talking about the economy but 
let's focus on the money, right?

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What happens when the, when the 
government prints money, when 

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the government prints Fiat, 
right? 

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Something is a wealth 
redistribution, right? 

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It's not rich people taking your
money when the government prints

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money, right? 
The government, every time, and 

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they describe this, they call it
inflation, right? 

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When they print more money, they
add more money to the money 

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supply if you're poor, or if 
you're middle class and you 

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don't have Have the means to 
save in equities Commodities or 

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real estate that don't benefit 
from asset inflation. 

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Most people in the lower income 
and the middle income, they save

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in cash and if you save in cash 
and you don't have your money 

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and assets, you don't benefit 
from the money printer. 

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In fact, every time they print 
money, the government is 

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stealing from you and they're 
giving to the very wealthy and 

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they're giving to themselves. 
It's right. 

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So to go back to the original 
comment, it's actually a good 

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thing. 
If we separate the money away 

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from government because you take
away the government's ability to

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do that, to you, on top of that.
I know that you're concerned 

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about the wealthy, the awesome 
part about Bitcoin is that you 

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take away the wealth. 
He's ability to debase your 

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money. 
You take away anybody's ability 

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to debase your money or to steal
from you, right? 

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Because at the end of the day 
and shit, Owens do this to as 

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long as someone has the power to
print more money that you hold. 

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Every time they print more money
or the create more money, it 

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devalues what you're holding, 
right? 

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So if you put the economic 
argument aside, I'm not going to

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get into that, right? 
And you just focus on the money,

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right? 
Fixing the money as was the 

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original title of that video 
fixes, the Crux of the issue, 

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because you're taking away, 
someone else's ability to steal 

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from you by debasing currency. 
So I hope that by debasing the 

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currency. 
Holding better set. 

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So I hope that answers your 
question. 

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Wayne last anyways. 
Phil, what are your thoughts? 

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Yeah, no I look I think you did 
a great job with that with that 

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response. 
So look I you know, when I was 

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in my when I was like 16, you 
know, when I was in my teens I 

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was absolutely certain that it 
was the rich and the powerful 

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corporations that were robbing 
the middle class and the poor. 

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I was absolutely certain that 
that if Walmart didn't exist 

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every other business would 
flourish, okay. 

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But that was before I understood
incentives, that was before I 

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Understood the debasement which 
was, is the correct word to use.

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Okay, the debasement that the 
government does through the 

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Federal Reserve and through the 
treasury and the circus of money

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creation, okay? 
That's really the Crux of the 

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matter. 
So you see by creating the 

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situation where we as 
individuals decide to blame the 

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rich and the corporation's, 
what's happening is that the 

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government and the private 
entities that produce Money. 

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They get a free pass, they get 
to just sit in the background. 

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Keep debasing. 
And guess what? 

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We're blaming the rich, we're 
blaming corporations but at the 

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end of the day, it's nothing but
incentives. 

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That's all it is. 
It's every single human, you 

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know, and Niko, you always, you 
know, like it's like always sit 

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there and be like now, they're 
evil. 

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You know, when you're like 
there's nobody's just sitting 

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there twirling their mustache 
and and you know what? 

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In this case, yes, you actually 
have a mustache, you can do it. 

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But like, you know, in this case
the really not they are 

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literally acting on their 
incentives. 

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Now, the other piece that Want 
to bring into this, has to do 

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with education, okay? 
Something I learned growing up 

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was that the wealthier friends 
that I had had a better 

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understanding of how to how to 
create money in terms of 

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employment or a business. 
Number one, and number two, how 

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to use money, right? 
In terms of. 

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00:11:07,800 --> 00:11:12,300
Hey, if you can get this money 
to work for you, you can spend 

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00:11:12,300 --> 00:11:15,300
your time doing something else, 
and this is, Something that 

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unfortunately the poor don't 
either are not taught this or 

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maybe they are. 
And they just don't, they're not

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explained the significance of it
or maybe just on an individual 

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level, they just don't care. 
So again, I don't want to, you 

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know, give a blanket statement, 
this to why that's happening. 

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But I'm just saying, is that it 
truly is a matter of knowledge 

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00:11:36,600 --> 00:11:39,800
in this case. 
And you have to understand the 

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00:11:39,800 --> 00:11:41,200
playing field that we're on, 
right? 

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00:11:41,200 --> 00:11:44,600
We have to understand the game 
board that we're on in order to 

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00:11:44,600 --> 00:11:46,100
play. 
Game effectively. 

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00:11:46,100 --> 00:11:50,300
And once we understand that the 
government debases our money 

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00:11:50,300 --> 00:11:53,200
through the mechanisms of the 
Federal Reserve and the 

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00:11:53,200 --> 00:11:56,000
treasury. 
Well then we understand how to 

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00:11:56,000 --> 00:12:00,200
play the game. 
Bitcoin makes it so that we 

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00:12:00,200 --> 00:12:05,000
literally remove the game board 
out from under that system and 

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00:12:05,000 --> 00:12:07,700
we take the money printing 
capability away from them. 

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00:12:07,800 --> 00:12:12,800
So, yes, this is why we Champion
Bitcoin and we do think that it 

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00:12:12,800 --> 00:12:16,100
is going to fix this problem. 
Sorry, that the video offended 

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00:12:16,100 --> 00:12:18,700
you. 
No, I 100% agree. 

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00:12:18,700 --> 00:12:22,600
I think that you really, you 
really said something really 

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wise, which is and I've said 
this many times, I've told this 

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00:12:26,300 --> 00:12:29,300
to you, Phil many times, right? 
Which is the biggest difference 

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00:12:29,300 --> 00:12:34,200
from someone who's very poor, 
and someone who is very wealthy,

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I've been both back in back in 
my teenage years, the very 

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00:12:40,100 --> 00:12:45,000
wealthy part before I lost 
everything due to before my We 

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00:12:45,000 --> 00:12:49,500
lost everything due to some 
Domino effects that were started

225
00:12:49,600 --> 00:12:52,500
due to the 2008-2009 financial 
crisis. 

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00:12:52,900 --> 00:12:57,900
And one of the things, the 
difference is, right? 

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00:12:57,900 --> 00:13:00,300
That I've noticed from very 
wealthy people, very poor 

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00:13:00,300 --> 00:13:03,700
people, right is the mindset. 
So, I always say this, I'm like 

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00:13:03,700 --> 00:13:05,900
the difference between someone 
who's poor and someone whose 

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00:13:05,900 --> 00:13:08,600
wealth is obviously, you know, 
what's in their bank account. 

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00:13:08,600 --> 00:13:12,800
But the important difference is 
the way they look at the world, 

232
00:13:12,800 --> 00:13:14,700
right? 
There's the poverty mindset. 

233
00:13:14,800 --> 00:13:17,100
But then there's the wealthy 
mindset, it's real. 

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00:13:17,100 --> 00:13:21,600
It's a it's very very real and 
it very, it will affect the way 

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00:13:21,600 --> 00:13:24,000
that you look at opportunities, 
the way that you look at life, 

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00:13:24,100 --> 00:13:27,500
right? 
So, so yeah, man, I hope Wayne 

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00:13:27,500 --> 00:13:31,500
and are see this but anyways, 
Phil it's time for the Daily 

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00:13:31,500 --> 00:13:34,300
News brought to you by crypto 
quotes.com. 

239
00:13:34,300 --> 00:13:36,200
They make some of the best 3D 
printed Bitcoin works. 

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00:13:36,200 --> 00:13:39,700
Like the famous. 3D printed 
Bitcoin, grenade toy because I'm

241
00:13:39,700 --> 00:13:41,400
too many custom color, your 
heart desires. 

242
00:13:41,700 --> 00:13:43,800
You want an orange simply 
Bitcoin artist, you could do 

243
00:13:43,800 --> 00:13:46,200
that What about Peter Schiff 
colors? 

244
00:13:46,200 --> 00:13:49,000
That's right. 
They make it in cold, take it. 

245
00:13:49,000 --> 00:13:51,800
Take. 
Take a look at the open source 

246
00:13:51,900 --> 00:13:55,200
3D node stuff on his website. 
Take a look at the European 

247
00:13:55,200 --> 00:13:58,600
store. 
It's now open 10% off 5% off 

248
00:13:58,600 --> 00:14:00,600
down below crypto. 
Cloaks.com. 

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00:14:00,600 --> 00:14:03,700
All right, everybody check this 
out, I'm gonna run through this 

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00:14:03,700 --> 00:14:06,600
real quick then we're going to 
talk about some more important 

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00:14:06,600 --> 00:14:09,700
news. 
So Robin Hood enables Bitcoin 

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00:14:09,700 --> 00:14:13,000
transfers for all users. 
We called This months ago, they 

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00:14:13,000 --> 00:14:14,600
did technically they did 
announce it. 

254
00:14:14,800 --> 00:14:19,600
It at the Bitcoin conference but
now they've actually enabled it,

255
00:14:19,600 --> 00:14:22,200
right? 
And at the end of the day, look 

256
00:14:22,200 --> 00:14:24,800
check this out, fill the firm 
started testing its Bitcoin 

257
00:14:24,800 --> 00:14:28,600
withdrawal feature and September
20, 21, and under two months. 

258
00:14:28,600 --> 00:14:32,600
1.6 million users were on the 
wait list to access the 

259
00:14:32,600 --> 00:14:35,600
functionality. 
It begins, it began rolling out,

260
00:14:35,600 --> 00:14:38,300
Bitcoin withdrawals, and January
20 22. 

261
00:14:38,600 --> 00:14:41,600
So dude, now it's for all users,
now, you don't have to be on a 

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00:14:41,600 --> 00:14:44,300
waitlist, that's a lot of 
people, taking self custody, 

263
00:14:44,300 --> 00:14:46,700
that is Ultra bullish. 
At the end of the day. 

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00:14:46,700 --> 00:14:49,500
Did Robin Hood do this out of 
the goodness of their heart? 

265
00:14:49,600 --> 00:14:53,400
No, and we actually predicted 
that not only Robin Hood would 

266
00:14:53,400 --> 00:14:55,500
PayPal was going to do this as 
well. 

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00:14:55,700 --> 00:14:59,100
Back in the day, when we covered
an article at the beginnings of 

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00:14:59,100 --> 00:15:03,200
Simply Bitcoin when we were 
going over cash apps numbers, 

269
00:15:03,300 --> 00:15:05,700
right. 
Cash app was making a lot of 

270
00:15:05,700 --> 00:15:10,000
money on bitcoin sales and if 
you see what cash app enables 

271
00:15:10,200 --> 00:15:12,400
cash, app, enables withdraws, 
right? 

272
00:15:12,500 --> 00:15:15,000
So, in order to stay 
competitive, remember What we 

273
00:15:15,000 --> 00:15:17,600
were talking about incentives in
the beginning, in order to stay 

274
00:15:17,600 --> 00:15:22,300
competitive, Robin Hood and 
PayPal had to match what cash 

275
00:15:22,300 --> 00:15:26,200
app has doing an order in the 
hope of attracting some of those

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00:15:26,200 --> 00:15:28,800
customers back to those 
platforms. 

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00:15:28,800 --> 00:15:32,000
So it's good to see this. 
Now the more important news is a

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00:15:32,000 --> 00:15:35,900
little bit of noise but I think 
I wanted to cover it because of 

279
00:15:36,400 --> 00:15:38,800
we always like to make here. 
The the case guys, that 

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00:15:38,800 --> 00:15:42,600
incentives are very powerful. 
Anyways, moving on to this 

281
00:15:43,400 --> 00:15:48,800
Gloria's ow becomes first, 
female Bitcoin, core maintainer,

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00:15:49,100 --> 00:15:51,800
and Peter will lie. 
I'm sorry, if I pronounced, that

283
00:15:51,800 --> 00:15:54,400
guy's Phil's going to help me 
with the prawns pronunciation 

284
00:15:54,600 --> 00:15:56,700
steps down. 
Developer announced his name 

285
00:15:56,700 --> 00:15:58,100
either. 
I'm sorry guys. 

286
00:15:58,100 --> 00:15:59,700
Please correct me in the 
comments. 

287
00:15:59,900 --> 00:16:03,100
He's I know he's a, he's a 
veteran, Bitcoin Dev and I 

288
00:16:03,100 --> 00:16:05,900
apologize for not pronouncing 
his name correctly. 

289
00:16:06,000 --> 00:16:09,900
Anyways, developer Gloria's out 
has become the first known woman

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00:16:09,900 --> 00:16:12,900
to join the select cohort of 
Bitcoin core containers. 

291
00:16:13,200 --> 00:16:15,400
Bitcoin core maintainers have 
Commit, commit. 

292
00:16:15,400 --> 00:16:18,600
Permissions to the repository 
and are responsible for merging 

293
00:16:18,600 --> 00:16:21,700
contributions from other 
developers on to the code base. 

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00:16:21,900 --> 00:16:25,600
Zales addition, to the group 
came on the same day as a long 

295
00:16:25,600 --> 00:16:28,000
time and painter, Pierre stepped
down from the role. 

296
00:16:28,000 --> 00:16:30,900
Willie is one of the most 
well-known developers in the 

297
00:16:30,900 --> 00:16:33,400
Bitcoin community and has 
contributed immensely to the 

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00:16:33,400 --> 00:16:37,900
Bitcoin ecosystem, particularly 
particularly to bitcoin core the

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00:16:37,900 --> 00:16:39,800
developed. 
The departure of the developer 

300
00:16:40,000 --> 00:16:42,500
who works on many Bitcoins 
important upgrades. 

301
00:16:42,500 --> 00:16:47,100
A date in Including bip, 32c 
phrases, seg wit and tap tap 

302
00:16:47,100 --> 00:16:49,300
Roots, nor cause some fears in 
the community. 

303
00:16:49,700 --> 00:16:53,000
And this is he responded to 
clarified some things on Twitter

304
00:16:53,000 --> 00:16:55,000
to be clear. 
I won't stop contributing to 

305
00:16:55,000 --> 00:16:58,300
code review and all the projects
I'm involved in. 

306
00:16:58,600 --> 00:17:03,300
So, Alexis looks like he's just,
he just doesn't want to, he 

307
00:17:03,300 --> 00:17:05,900
doesn't want the permissions 
anymore, but he's still going to

308
00:17:05,900 --> 00:17:09,599
be active on on bitcoin. 
And if you take a look at the 

309
00:17:09,599 --> 00:17:13,000
actual GitHub, repository, 
here's someone who's actually 

310
00:17:13,099 --> 00:17:15,700
You thanking him for the work 
that he's done. 

311
00:17:15,800 --> 00:17:20,500
Check out, check this out, but 
it's by AC ache verified the 

312
00:17:20,500 --> 00:17:22,200
fingerprint so it's obviously 
him. 

313
00:17:22,300 --> 00:17:24,800
Thank you for being a Bitcoin 
core maintainer. 

314
00:17:24,800 --> 00:17:28,800
Since 2011, this guy's been here
almost since the beginning I 

315
00:17:28,800 --> 00:17:31,400
have learned a lot of things 
reading your posts and will keep

316
00:17:31,400 --> 00:17:35,300
learning as you will still be 
active as a contributor. 

317
00:17:35,800 --> 00:17:39,600
Really, really cool. 
Phil is this a, this a passing 

318
00:17:39,600 --> 00:17:43,400
of the guard and another thing 
that I wanted to Bring up. 

319
00:17:43,400 --> 00:17:47,200
And again guys, I'm not really a
believer in the whole identity 

320
00:17:47,200 --> 00:17:50,600
stuff. 
I'm a big believer in the merits

321
00:17:50,600 --> 00:17:52,600
of someone. 
I think someone shouldn't be 

322
00:17:52,600 --> 00:17:56,300
judged by their sex skin color 
and all that stuff. 

323
00:17:56,300 --> 00:18:00,900
I think shouldn't someone should
be judged based on their own 

324
00:18:00,900 --> 00:18:05,400
accomplishments and based on 
their own personality, the sex 

325
00:18:05,400 --> 00:18:07,300
and skin color at all. 
That stuff is completely 

326
00:18:07,300 --> 00:18:09,000
irrelevant. 
And that's the way it should be 

327
00:18:09,100 --> 00:18:12,000
because Martin Luther King that 
said the famous line, right? 

328
00:18:13,600 --> 00:18:16,200
Don't judge someone by the color
of their skin but rather on the 

329
00:18:16,200 --> 00:18:18,300
content of their character, 
something along those lines. 

330
00:18:19,000 --> 00:18:21,700
So yeah. 
But I still think it's awesome 

331
00:18:21,700 --> 00:18:24,900
that, you know, it was a girl, 
the first Bitcoin core 

332
00:18:25,800 --> 00:18:28,100
maintainer that's a woman. 
That's, I think that's, that's 

333
00:18:28,100 --> 00:18:31,700
awesome, that's historic. 
And if you take a look at 

334
00:18:31,700 --> 00:18:34,600
Gloria's credentials, which I 
think is the actual important 

335
00:18:34,600 --> 00:18:36,600
part. 
She's very credential like, you 

336
00:18:36,600 --> 00:18:38,700
know, she has the background, I 
think she deserves it. 

337
00:18:38,700 --> 00:18:40,400
Right. 
So I think that was really cool.

338
00:18:40,400 --> 00:18:44,500
And again, shout out to Peter 
for Painting it for so long. 

339
00:18:44,500 --> 00:18:47,100
I'm sorry that I butcher the 
pronunciation of your name. 

340
00:18:47,200 --> 00:18:49,400
I apologize. 
If I ever see you one day, I 

341
00:18:49,400 --> 00:18:51,300
will buy you a beer. 
Phil what are your thoughts 

342
00:18:52,300 --> 00:18:55,500
think people pronounce his name?
Peter wheel but I could be 

343
00:18:55,500 --> 00:18:57,300
wrong. 
Anyways, I'm trying I'm trying I

344
00:18:57,300 --> 00:18:59,500
that's probably wrong to and I'm
also apologizing because I 

345
00:18:59,508 --> 00:19:02,700
couldn't pronounce it right to 
begin with either but look okay.

346
00:19:02,700 --> 00:19:06,300
Before we talk about the, the 
maintainer stuff that Robin 

347
00:19:06,300 --> 00:19:08,200
Hood, that that Robin Hood 
article. 

348
00:19:08,700 --> 00:19:13,200
All I was hearing is like 
everybody was excited to get at 

349
00:19:13,208 --> 00:19:16,400
their corn off of their 
platform. 

350
00:19:16,700 --> 00:19:19,800
The fact that they had 1.6 
million people on that wait list

351
00:19:19,800 --> 00:19:23,800
to get all of their corn off of 
their shows you it that is the 

352
00:19:23,800 --> 00:19:28,100
signal that is the signal and 
the signal is when people are 

353
00:19:28,100 --> 00:19:31,300
given, okay? 
When people are given the proper

354
00:19:31,300 --> 00:19:37,200
information and the choice, they
will self custody. 

355
00:19:37,200 --> 00:19:39,700
So proper information, the tools
and the choice. 

356
00:19:41,000 --> 00:19:43,300
They will self custody and we 
can see the proof of that or at 

357
00:19:43,300 --> 00:19:45,200
least to me. 
I take that as proof. 

358
00:19:45,200 --> 00:19:50,500
Okay for the, for the Bitcoin, 
core maintenance stuff. 

359
00:19:50,800 --> 00:19:54,800
I totally agree with you. 
I mean, look, I'm a Gen X or the

360
00:19:54,800 --> 00:19:57,700
way that we were the way that we
were raised or at least the, you

361
00:19:57,700 --> 00:20:00,700
know, the way that I grew up was
it was exactly what you said, it

362
00:20:00,700 --> 00:20:03,800
was about your merits, it didn't
make a difference, whether you 

363
00:20:03,800 --> 00:20:06,700
were male or female what you 
identified, as nobody gave a 

364
00:20:06,700 --> 00:20:09,500
shit that only matter to you, 
that's important to you and 

365
00:20:09,500 --> 00:20:13,000
that's fantastic. 
But the point is that it had to 

366
00:20:13,000 --> 00:20:17,200
do with the quality of your 
work, your integrity what you 

367
00:20:17,200 --> 00:20:20,000
presented, right? 
What you actually came to the 

368
00:20:20,000 --> 00:20:23,200
table with and these are the 
things that should matter. 

369
00:20:23,500 --> 00:20:27,700
That being said, unfortunately, 
we do see comments in the 

370
00:20:27,700 --> 00:20:32,300
Bitcoin community that there 
isn't enough involvement by 

371
00:20:32,300 --> 00:20:36,500
females and for females. 
And so I think that, at the very

372
00:20:36,500 --> 00:20:38,300
least, this is a positive 
development. 

373
00:20:39,000 --> 00:20:41,000
Maybe it's going to encourage 
some other, some other Other 

374
00:20:41,000 --> 00:20:43,600
ladies to, you know, decide to 
step up as well. 

375
00:20:43,600 --> 00:20:45,400
Not that they haven't in any 
way, shape, or form. 

376
00:20:45,400 --> 00:20:48,000
I'm not making that assumption. 
I'm just saying, this may 

377
00:20:48,000 --> 00:20:50,100
encourage others, right? 
Because usually, that's how it 

378
00:20:50,100 --> 00:20:52,500
works. 
It's not the masses that just 

379
00:20:52,500 --> 00:20:55,600
all of a sudden to decide to go 
and do something. 

380
00:20:55,700 --> 00:20:58,800
It takes one person and that one
person motivates a second, and a

381
00:20:58,808 --> 00:21:02,200
third and it goes on and on. 
So you know what? 

382
00:21:02,500 --> 00:21:06,000
Good for us. 
Awesome for Gloria and the 

383
00:21:06,000 --> 00:21:08,200
reality is Peter's been doing 
this for a decade. 

384
00:21:08,200 --> 00:21:10,200
I'm pretty sure he wants a break
as well. 

385
00:21:10,400 --> 00:21:14,700
So, Everybody wins. 
We hope everybody wins me hope. 

386
00:21:14,800 --> 00:21:18,800
So now that we got the positive 
news out of the way, all right, 

387
00:21:19,400 --> 00:21:24,900
I'm gonna go back to back in 
time to a tweet that I did a 

388
00:21:24,900 --> 00:21:29,000
while ago, actually have it 
pinned because of how important 

389
00:21:29,000 --> 00:21:31,400
I believe this is, this is 
right. 

390
00:21:31,800 --> 00:21:35,100
You have to know we always talk 
about the peaceful Revolution, 

391
00:21:35,100 --> 00:21:38,600
you know? 
And you automatically, you think

392
00:21:38,600 --> 00:21:40,500
Revolution, you think bullets, 
you think. 

393
00:21:40,900 --> 00:21:45,500
You think violence right. 
No, we say Bitcoin is a peaceful

394
00:21:45,500 --> 00:21:47,200
Revolution, but what is the 
revolution? 

395
00:21:47,200 --> 00:21:50,800
What is this? 
Revolution revolution is simple 

396
00:21:51,200 --> 00:21:53,200
people. 
Taking back their financial 

397
00:21:53,200 --> 00:21:56,600
sovereignty. 
That's it. 

398
00:21:56,600 --> 00:21:59,200
How do you do that? 
You take Bitcoin off exchanges 

399
00:21:59,700 --> 00:22:02,100
and you take it into Cold 
Storage? 

400
00:22:02,600 --> 00:22:05,400
That's it. 
If enough people do that we win,

401
00:22:05,500 --> 00:22:08,400
right? 
Really, it's not rocket science.

402
00:22:08,700 --> 00:22:11,300
That's it. 
That, that is the Revolution, 

403
00:22:11,300 --> 00:22:14,100
right? 
So why is this such a big deal 

404
00:22:14,100 --> 00:22:17,000
because if you look throughout 
history, right? 

405
00:22:17,000 --> 00:22:23,800
Whether it's the bank runs of 
their 1930s or V, the horrible 

406
00:22:23,800 --> 00:22:25,800
example that I always give, 
right? 

407
00:22:25,800 --> 00:22:31,500
Which is back in the 30s, right?
When a certain government, got 

408
00:22:31,500 --> 00:22:36,500
in power, in Germany. 
A lot of the Jews that were 

409
00:22:36,500 --> 00:22:38,700
being persecuted, could not 
leave. 

410
00:22:38,700 --> 00:22:41,900
Because one of the first things 
that This particular government 

411
00:22:41,900 --> 00:22:44,400
did when they got into power was
freeze. 

412
00:22:44,400 --> 00:22:48,900
The accounts of not only Jews 
but of certain ethnic people 

413
00:22:49,100 --> 00:22:53,100
right with Bitcoin. 
If you take Bitcoin into self 

414
00:22:53,100 --> 00:22:57,800
custody, not only do you have 
the power to vote with your 

415
00:22:57,800 --> 00:23:00,600
wallet. 
You also have the power more 

416
00:23:00,600 --> 00:23:02,900
important power to vote with 
your feet. 

417
00:23:03,000 --> 00:23:06,600
You could take all of your 
wealth with you like this, 

418
00:23:06,600 --> 00:23:08,800
right? 
And that I believe is going to 

419
00:23:08,800 --> 00:23:12,000
change Humanity. 
So Why am I talking about this? 

420
00:23:12,700 --> 00:23:14,900
Check this out. 
This was a big piece of news 

421
00:23:14,900 --> 00:23:16,900
that we are. 
We actually covered this earlier

422
00:23:16,900 --> 00:23:21,500
Phil, but this came out 
recently, July 11th, China 

423
00:23:21,500 --> 00:23:25,700
crushes, Mass protests by Bank, 
depositors demanding their life 

424
00:23:25,700 --> 00:23:28,200
savings back. 
This is an article on CNN 

425
00:23:28,700 --> 00:23:32,300
Chinese and I know CNN has bad 
reputation, but don't worry, I 

426
00:23:32,300 --> 00:23:34,900
checked it out on Reuters. 
I checked it on the financial 

427
00:23:34,900 --> 00:23:37,000
times and I checked it out and 
Wall Street Journal. 

428
00:23:37,000 --> 00:23:39,400
The reason I'm using this one 
too because it has the most 

429
00:23:39,400 --> 00:23:44,200
amount of pictures anyways, So I
could show the our video viewers

430
00:23:44,600 --> 00:23:47,700
anyways, Chinese authorities on 
Sunday, violently dispersed, a 

431
00:23:47,700 --> 00:23:50,900
peaceful protest by hundreds of 
depositors who sought in vain to

432
00:23:50,900 --> 00:23:54,100
demand their life savings. 
Back from banks that have run 

433
00:23:54,100 --> 00:23:57,800
into a deepening cash crisis. 
Check this out and connect this.

434
00:23:57,800 --> 00:24:01,000
What we were talking about with 
the Celsius, we were talking 

435
00:24:01,000 --> 00:24:04,200
about block fi it's the same 
goddamn problem. 

436
00:24:04,400 --> 00:24:07,900
You give a bank, you give an 
exchange your money, they 

437
00:24:07,900 --> 00:24:10,600
promise you security, they 
promise you. 

438
00:24:10,800 --> 00:24:14,400
You a yield right in the back. 
What are they doing with your 

439
00:24:14,400 --> 00:24:16,500
money? 
They're speculating with it. 

440
00:24:17,200 --> 00:24:19,000
Who's the one that pays the 
price? 

441
00:24:19,300 --> 00:24:22,700
You do what happens when you 
take Bitcoin into self custody 

442
00:24:22,800 --> 00:24:25,500
no one could speculate on your 
money period. 

443
00:24:25,500 --> 00:24:29,800
Anyways, since April for Rural 
Banks and China's Central henan 

444
00:24:29,800 --> 00:24:33,300
Province have Frozen millions of
dollars worth of deposits, 

445
00:24:33,400 --> 00:24:36,700
threatening the livelihood of 
hundreds of thousands of 

446
00:24:36,700 --> 00:24:40,500
customers and in an economy 
already battered by draconian. 

447
00:24:41,100 --> 00:24:45,100
Virus lockdowns on Sunday, more 
than 1,000 depositors from 

448
00:24:45,100 --> 00:24:48,800
across China, gathered outside, 
Shing Zoo branch of this 

449
00:24:48,800 --> 00:24:51,600
country's Central Bank. 
The People's Bank of China, not 

450
00:24:51,600 --> 00:24:53,200
so much. 
The People's Bank of China looks

451
00:24:53,200 --> 00:24:55,300
like they don't give a shit 
about the people so launched 

452
00:24:55,300 --> 00:24:58,600
their largest protest yet more 
than half a dozen. 

453
00:24:58,600 --> 00:25:01,500
Protesters told CNN the 
demonstration is among the 

454
00:25:01,500 --> 00:25:05,400
largest largest China has seen 
since the pandemic with domestic

455
00:25:05,400 --> 00:25:09,500
travel limited by various virus 
restrictions on movement last 

456
00:25:09,500 --> 00:25:11,900
month. 
Zigzoo, Authorities even 

457
00:25:11,900 --> 00:25:15,400
restored to tampering with the 
country's digital virus health 

458
00:25:15,400 --> 00:25:18,100
code system member, we covered 
that film to restrict the 

459
00:25:18,100 --> 00:25:21,900
movements of depositors for 
their planned protest. 

460
00:25:21,900 --> 00:25:24,700
Sparking a sparking, a 
nationwide outcry. 

461
00:25:25,700 --> 00:25:30,100
Moving on the face off lasted 
for several hours until after 

462
00:25:30,100 --> 00:25:34,500
11:00 a.m. with rows of security
officers suddenly charged up the

463
00:25:34,500 --> 00:25:37,200
stairs clashed with protesters 
who threw bottles and other 

464
00:25:37,200 --> 00:25:39,800
small objects at them. 
Keep in mind what this is 

465
00:25:39,800 --> 00:25:40,700
saying. 
Zoom out. 

466
00:25:40,900 --> 00:25:45,100
Out security guards are beating 
the shit out these protesters 

467
00:25:45,800 --> 00:25:48,600
because the bank doesn't want to
give them their money. 

468
00:25:48,600 --> 00:25:50,600
Whose money was it really the 
whole time? 

469
00:25:50,800 --> 00:25:53,800
Anyways, the scene quickly 
quickly descended into chaos as 

470
00:25:53,800 --> 00:25:56,700
security officers, drag 
protesters down the stairs and 

471
00:25:56,700 --> 00:25:58,400
beat those who resisted you 
want. 

472
00:25:58,400 --> 00:26:01,200
Your money will beat the shit 
out of you, including women, and

473
00:26:01,200 --> 00:26:04,400
the elderly, according to 
witness and social media videos,

474
00:26:04,600 --> 00:26:08,700
one woman from Eastern, strong 
dong Province told CNN. 

475
00:26:08,700 --> 00:26:10,800
She pushed to the ground by two 
security guards. 

476
00:26:10,900 --> 00:26:14,400
It's who twisted and injured, 
her arm a 27 year old man from 

477
00:26:14,400 --> 00:26:16,400
the southern city of Shenzhen 
surname. 

478
00:26:16,400 --> 00:26:20,300
Son said he was kicked by seven 
or eight guards on the ground 

479
00:26:20,300 --> 00:26:23,500
before being carried away. 
A 45 year old man, from the 

480
00:26:23,500 --> 00:26:27,600
Central City of Wuhan said his 
shirt was completely torn at the

481
00:26:27,600 --> 00:26:31,800
bank back during the scuffle. 
So imagine right every time you 

482
00:26:31,800 --> 00:26:34,800
take Bitcoin into self, custody 
nvk comes out of the closet 

483
00:26:34,800 --> 00:26:37,100
starts beating the shit out of 
you with a stick. 

484
00:26:38,300 --> 00:26:41,700
Obviously, that doesn't happen. 
Right? 

485
00:26:41,800 --> 00:26:43,300
This is the power of self 
custody. 

486
00:26:43,300 --> 00:26:47,500
These types of situations, 
really highlight the power of 

487
00:26:47,500 --> 00:26:50,700
taking money into your own 
hands, right? 

488
00:26:50,800 --> 00:26:55,000
Your country, your bank Can't 
Hold You hostage anymore, right?

489
00:26:55,300 --> 00:26:59,700
That is extremely powerful and 
look, this is history repeating 

490
00:26:59,700 --> 00:27:02,700
itself in the United States 
during the bank runs of the of 

491
00:27:02,700 --> 00:27:08,500
the late 1920s early 1930s. 
Same thing police were called To

492
00:27:08,500 --> 00:27:11,600
stop the protesters, but what do
the protesters want to? 

493
00:27:11,608 --> 00:27:13,900
They want to change of 
government, to they want the gas

494
00:27:13,900 --> 00:27:19,500
prices know, all they want is 
their money back, the money that

495
00:27:19,500 --> 00:27:23,600
these banks, these exchanges 
speculated on. 

496
00:27:24,400 --> 00:27:29,500
It's the same concept. 
Don't let other people hold your

497
00:27:29,600 --> 00:27:34,700
money and if you do understand 
that what you're doing is risky,

498
00:27:35,100 --> 00:27:37,800
it's an the government's know 
this. 

499
00:27:38,600 --> 00:27:43,100
In the United States after the 
1930s, right? 

500
00:27:43,100 --> 00:27:48,600
One of the things that FDR did 
to ensure the public that your 

501
00:27:48,600 --> 00:27:51,500
money was safe there is that 
they set up something called the

502
00:27:51,500 --> 00:27:55,500
FDIC Insurance in the United 
States and went from it back 

503
00:27:55,500 --> 00:27:57,600
when I was growing up, it was 
100,000. 

504
00:27:57,600 --> 00:28:01,700
They moved it up to 250,000. 
Where's that money? 

505
00:28:01,700 --> 00:28:04,800
That's being insured coming from
the government, just going to 

506
00:28:04,800 --> 00:28:08,400
print it. 
So even if the government right 

507
00:28:09,900 --> 00:28:12,700
Honors that right and I think 
there's actually the Insurance 

508
00:28:12,700 --> 00:28:15,400
Fund as well, right? 
But let's we all know that 

509
00:28:15,400 --> 00:28:17,300
Insurance Fund isn't enough, 
right? 

510
00:28:17,300 --> 00:28:19,400
But let's say they honor that. 
Where's that going money? 

511
00:28:19,400 --> 00:28:21,400
Going to come from, they're 
going to have to print it 

512
00:28:21,500 --> 00:28:26,500
meaning even if your money is 
not in that bank, you are still 

513
00:28:26,500 --> 00:28:29,000
going to pay the consequence for
it. 

514
00:28:30,800 --> 00:28:33,900
Keep your money, put your money,
your time, your wealth, your 

515
00:28:33,900 --> 00:28:36,800
energy into something that can't
be debased. 

516
00:28:37,100 --> 00:28:39,700
And that it's very difficult to 
confiscate. 

517
00:28:40,700 --> 00:28:44,800
That's my two cents here, these 
types of things, this is just 

518
00:28:44,800 --> 00:28:47,700
happening in China. 
Today, I guarantee you it's 

519
00:28:47,700 --> 00:28:51,500
going to happen someplace else 
because the concept, the places 

520
00:28:51,500 --> 00:28:54,000
might change. 
But the concept is the same, 

521
00:28:54,400 --> 00:28:59,600
you're trusting a central entity
with your money, don't you don't

522
00:28:59,600 --> 00:29:02,200
have to trust them anymore. 
You could make the argument that

523
00:29:02,208 --> 00:29:07,000
before Bitcoin you had to trust 
now, you don't my two cents. 

524
00:29:07,000 --> 00:29:11,100
Phil, what are your thoughts? 
Yeah, I just want to point out, 

525
00:29:12,500 --> 00:29:15,100
you know, the whole FDIC 
insurance thing, I remember when

526
00:29:15,100 --> 00:29:17,300
this happened, you know. 
And they were trying to 

527
00:29:17,300 --> 00:29:19,100
essentially make everybody, you 
know, they're trying to calm 

528
00:29:19,100 --> 00:29:21,200
everybody down, trying to, he's 
everybody's mind, right? 

529
00:29:21,200 --> 00:29:23,900
Say, it's okay, we got you, you 
know, we're going to cover, 

530
00:29:23,900 --> 00:29:25,700
we're going to cover a quarter 
of a million dollars. 

531
00:29:26,100 --> 00:29:27,600
And of course, you may think to 
yourself. 

532
00:29:27,600 --> 00:29:30,200
Well, you know, who's going to 
have more than a quarter of a 

533
00:29:30,208 --> 00:29:33,500
million dollars in a single bank
account, don't get me wrong, but

534
00:29:33,500 --> 00:29:37,600
there are some people who do and
so technically what that means, 

535
00:29:37,900 --> 00:29:39,500
okay? 
Let's say for whatever reason, 

536
00:29:39,500 --> 00:29:42,300
let's say you had seven hundred 
and fifty thousand dollars in a 

537
00:29:42,308 --> 00:29:46,200
bank account, the FDIC only 
ensures 250,000 dollars. 

538
00:29:46,600 --> 00:29:50,400
Something goes wrong, you just 
lost half a billion dollars like

539
00:29:50,400 --> 00:29:51,600
that. 
Half a million dollars is not 

540
00:29:51,600 --> 00:29:52,900
insured. 
So what does this Force? 

541
00:29:52,900 --> 00:29:56,200
The individual to do. 
So it forces the individual now 

542
00:29:56,300 --> 00:29:59,300
to have to go open another 
account, okay? 

543
00:30:00,200 --> 00:30:03,100
And then you've got to transfer 
funds into that account. 

544
00:30:03,100 --> 00:30:07,000
So now all of a sudden we're 
introducing more complexity into

545
00:30:07,000 --> 00:30:09,200
the mix, all right. 
And I want you to think about 

546
00:30:09,200 --> 00:30:12,600
this when we, I always bring 
this up, and I think that we 

547
00:30:12,600 --> 00:30:15,600
just, I don't know if not 
enough, people just take it 

548
00:30:15,600 --> 00:30:18,500
seriously or maybe it's just 
that, I don't say it with enough

549
00:30:18,500 --> 00:30:21,100
passion, I need to, I need to 
learn some, I need to learn how 

550
00:30:21,100 --> 00:30:25,900
to do the Nico rants, okay? 
But essentially this time that 

551
00:30:25,900 --> 00:30:29,500
we give you didn't 
compartmentalize the time and 

552
00:30:29,500 --> 00:30:33,600
hand over bits and pieces of, 
there were no, the only string 

553
00:30:33,600 --> 00:30:37,600
attached that you had that we 
have for our time. 

554
00:30:37,600 --> 00:30:42,800
Is that That we gave it in 
exchange for this value that we 

555
00:30:42,800 --> 00:30:45,300
thought was ours, this value 
that. 

556
00:30:45,300 --> 00:30:50,400
We thought we got to keep this 
value that we thought we got to 

557
00:30:50,400 --> 00:30:54,400
exchange and move around when we
want it. 

558
00:30:55,200 --> 00:30:58,300
That's not what we frickin got 
instead. 

559
00:30:58,300 --> 00:31:04,500
All we got was a bunch of very 
complex, strings attached, that 

560
00:31:04,500 --> 00:31:10,100
made it so that all of a sudden 
we now no longer Any control 

561
00:31:10,100 --> 00:31:12,800
over our money and this 
situation that you brought up in

562
00:31:12,800 --> 00:31:14,400
China. 
I know the people sit there and 

563
00:31:14,400 --> 00:31:15,600
go. 
Well, that's not going to happen

564
00:31:15,600 --> 00:31:17,000
here. 
Let me tell you something. 

565
00:31:17,100 --> 00:31:19,900
Four years ago, I didn't think 
that you could lock down entire 

566
00:31:19,900 --> 00:31:22,100
countries. 
And then we saw a whole, we saw 

567
00:31:22,100 --> 00:31:25,100
a good portion of the world get 
locked down. 

568
00:31:25,200 --> 00:31:29,500
So for the people who think that
these things can't happen, or oh

569
00:31:29,500 --> 00:31:32,700
no it's okay because I can 
always keep control. 

570
00:31:32,700 --> 00:31:35,500
I don't do anything wrong, 
they're not going to stop me. 

571
00:31:35,500 --> 00:31:37,900
The banks aren't going to stop 
me from getting to my money. 

572
00:31:38,300 --> 00:31:41,300
You can't think like that. 
We saw what happened with the 

573
00:31:41,300 --> 00:31:44,600
Canadian truckers we're seeing 
what's happening in Sri Lanka, 

574
00:31:44,600 --> 00:31:46,600
we read what's going on in 
China. 

575
00:31:47,100 --> 00:31:53,100
What more do we need to realize 
that self sovereignty of our 

576
00:31:53,100 --> 00:31:58,000
time value? 
This is the only answer we have 

577
00:31:58,400 --> 00:32:05,100
and Bitcoin is the only tool 
that provides this escape hatch.

578
00:32:05,400 --> 00:32:13,000
So, Bitcoin you're muted, 100%. 
Literally there is no. 

579
00:32:13,000 --> 00:32:17,500
You know, the examples kept keep
being shown now, we have a 

580
00:32:17,500 --> 00:32:20,300
solution. 
It's time to act like we're at 

581
00:32:20,300 --> 00:32:22,100
that point, right? 
Take self custody. 

582
00:32:22,100 --> 00:32:24,900
What I said in the beginning, 
the revolution is self custody. 

583
00:32:24,900 --> 00:32:27,100
If enough people do it, we went 
anyways. 

584
00:32:27,200 --> 00:32:31,600
Phil it's time for the daily 
fail brought to you by Swan. 

585
00:32:31,600 --> 00:32:35,700
Check them out Swan Bitcoin.com.
That's right, they've got 

586
00:32:35,700 --> 00:32:39,000
automated In savings plans, 
instant purchases. 

587
00:32:39,200 --> 00:32:42,600
They're serving all kinds of 
clients, ten dollars, ten 

588
00:32:42,600 --> 00:32:45,000
million dollars swans. 
Got your back. 

589
00:32:45,000 --> 00:32:47,600
The link is down below. 
All right, guys. 

590
00:32:47,600 --> 00:32:52,200
So look, we all know, you know, 
we've harped on WTF happened in 

591
00:32:52,200 --> 00:32:54,800
1971, right? 
We know that Ben Prentiss 

592
00:32:54,900 --> 00:32:57,200
heavily-armed Cloud. 
They've got that awesome website

593
00:32:57,200 --> 00:33:01,300
that details all of the 
debasement and the ridiculous 

594
00:33:01,400 --> 00:33:03,500
Federal Reserve treasury 
Shenanigans. 

595
00:33:03,500 --> 00:33:06,300
All that stuff, this was 
something interesting that I 

596
00:33:06,300 --> 00:33:07,300
wasn't. 
Beware of. 

597
00:33:07,300 --> 00:33:12,700
So I Gotta Give a shout-out to 
the WTF underscore 1971 account,

598
00:33:13,000 --> 00:33:15,800
and I think that they make an 
excellent point here. 

599
00:33:16,600 --> 00:33:18,300
What the fuck happened to 
marriage? 

600
00:33:18,300 --> 00:33:20,700
This is kind of weird because 
look at this. 

601
00:33:21,200 --> 00:33:23,600
We were we were doing okay. 
We were doing okay. 

602
00:33:23,600 --> 00:33:27,500
And then all of a sudden we get 
to 1970 1971 in this thing turns

603
00:33:27,500 --> 00:33:31,200
into a freaking hockey stick is 
it possible? 

604
00:33:31,500 --> 00:33:36,000
The debasement all of a sudden 
made it so that people realized 

605
00:33:36,000 --> 00:33:39,200
like, uh, I'm going to need 
more, I'm going to need more 

606
00:33:39,200 --> 00:33:40,900
than just dollars to stick 
around. 

607
00:33:42,000 --> 00:33:45,000
I don't know, maybe people need 
to revisit true love. 

608
00:33:45,000 --> 00:33:47,800
I'm not really sure. 
All I could say is marriage 

609
00:33:47,800 --> 00:33:52,100
should not have been destroyed, 
okay, with the debasement of the

610
00:33:52,100 --> 00:33:54,900
dollar. 
So this is scary stuff. 

611
00:33:54,900 --> 00:33:57,400
We can see that. 
The Ripple effects do not just 

612
00:33:57,400 --> 00:34:00,000
affect money. 
They affect our livelihoods, 

613
00:34:00,000 --> 00:34:03,200
they affect our relationships, 
very scary stuff. 

614
00:34:04,100 --> 00:34:06,500
Anyways, I'm afraid to see what 
that chart looks like in the 

615
00:34:06,500 --> 00:34:07,900
future Niko. 
You have any thoughts on this 

616
00:34:07,900 --> 00:34:09,699
before we move into the the 
Deep? 

617
00:34:09,800 --> 00:34:14,100
Yes. 
Oh Dude, I think that just 

618
00:34:14,100 --> 00:34:18,000
looking at that data from a 
single point, you're just like 

619
00:34:18,000 --> 00:34:19,699
Nico that's a coincidence, 
right? 

620
00:34:19,800 --> 00:34:23,100
But if you go take a look at the
website, what the fuck happened 

621
00:34:23,100 --> 00:34:26,900
in 1971? 
That's a lot of coincidences, 

622
00:34:26,900 --> 00:34:28,900
right? 
And they all start it, like 

623
00:34:29,000 --> 00:34:31,699
listen, whether it's the 
salaries, right? 

624
00:34:31,800 --> 00:34:34,800
Salaries have an increased 
really since the 1970s right, 

625
00:34:34,900 --> 00:34:37,600
whether it's the house 
ownership, whether it's all 

626
00:34:37,600 --> 00:34:42,400
these things start going wrong, 
all these It's like the 

627
00:34:42,400 --> 00:34:46,100
wealthier, get wealthier, the 
poor get poorer, everything 

628
00:34:46,100 --> 00:34:52,100
really started happening in 1971
since they started debasing the 

629
00:34:52,100 --> 00:34:56,100
currency, very strange. 
And I some people would like to 

630
00:34:56,100 --> 00:34:58,600
say and I would like to make the
argument to the US defaulted on 

631
00:34:58,600 --> 00:35:01,200
its debt in 1971 and they're 
just like, you know what? 

632
00:35:02,900 --> 00:35:04,800
Yeah, our dollar isn't backed by
anything. 

633
00:35:04,800 --> 00:35:08,200
It's fine, you guys could fuck 
off and in the beginning it 

634
00:35:08,200 --> 00:35:13,300
worked out just fine, look at 
the 1980s but Time right? 

635
00:35:13,300 --> 00:35:16,500
Started breaking things and you 
could even make the argument 

636
00:35:16,500 --> 00:35:18,800
right? 
That the moral decay of society 

637
00:35:18,800 --> 00:35:21,100
that we're seeing today, right? 
We don't like to talk about 

638
00:35:21,100 --> 00:35:23,700
social issues on the show but 
hey, if you're, if you're not an

639
00:35:23,700 --> 00:35:26,100
ostrich with your head in the 
ground, you're starting to see 

640
00:35:26,100 --> 00:35:28,600
some things that are very weird,
right? 

641
00:35:29,100 --> 00:35:33,200
That has happened before. 
Read the book, when money dies. 

642
00:35:33,300 --> 00:35:35,000
Right? 
What was happening in Weimar 

643
00:35:35,000 --> 00:35:38,600
Republic, you know, bright 
leading up to the hyperinflation

644
00:35:39,300 --> 00:35:43,800
and read and look into To what 
was happening at the end of the 

645
00:35:43,800 --> 00:35:48,600
Roman Empire, very, very similar
things, and what happened at the

646
00:35:48,600 --> 00:35:52,200
end of the Roman Empire, they 
were debasing the currency. 

647
00:35:52,700 --> 00:35:55,200
It might not be what the Fiat 
that we have today, but the 

648
00:35:55,200 --> 00:35:58,200
actual gold or silver 
percentages, and coins in the 

649
00:35:58,200 --> 00:36:00,900
Denari, started to go down, 
right? 

650
00:36:00,900 --> 00:36:06,400
So you could make the argument 
that Phil, perhaps write that as

651
00:36:06,400 --> 00:36:10,600
more the money gets disconnected
from reality, the more perhaps 

652
00:36:10,600 --> 00:36:13,800
people in a Just levels. 
Start to feel it. 

653
00:36:14,800 --> 00:36:16,800
Maybe start acting on it as 
well. 

654
00:36:17,300 --> 00:36:19,900
Maybe I'm crazy. 
Anyways film, what is the Big 

655
00:36:19,900 --> 00:36:22,700
Kahuna? 
All right, here we go, let's 

656
00:36:22,700 --> 00:36:25,100
dive into it. 
Let's dive into it. 

657
00:36:25,100 --> 00:36:26,500
I got to do some. 
I'm going to do some screen 

658
00:36:26,500 --> 00:36:27,600
share here. 
So give me a sec. 

659
00:36:28,400 --> 00:36:31,900
Still getting used to this week.
We changed our scream and just 

660
00:36:31,900 --> 00:36:34,000
gotta get used to it here. 
Okay, let us know down in the 

661
00:36:34,000 --> 00:36:35,300
comments. 
What ya think of the new 

662
00:36:35,300 --> 00:36:37,700
software we're still messing 
around with it. 

663
00:36:37,700 --> 00:36:40,200
The green screen, things are 
going to still try to get them 

664
00:36:40,200 --> 00:36:43,300
to work, so bear with Us. 
We will figure it out. 

665
00:36:43,500 --> 00:36:45,500
Aw. 
Sorry guys, new software and 

666
00:36:45,500 --> 00:36:51,100
we're getting used to it. 
Okay, so so let's dive into some

667
00:36:51,100 --> 00:36:52,600
shit coining. 
That's right. 

668
00:36:52,600 --> 00:36:55,800
It is a brand-new week. 
We need to spin up some new 

669
00:36:55,800 --> 00:36:58,900
narratives, because, guess what?
You can't just have this money 

670
00:36:58,900 --> 00:37:01,800
disappear. 
So let's get started. 

671
00:37:01,800 --> 00:37:05,600
And let's take a look here, 
we've got a tweet from Ryan, 

672
00:37:05,600 --> 00:37:10,700
Wyatt who is who is Ryan White, 
he's the CEO of polygons Studios

673
00:37:11,000 --> 00:37:15,500
madam Anyways let's take a look 
right because apparently even 

674
00:37:15,500 --> 00:37:19,700
though Tara Luna rug pulled and 
destroyed you know a whole bunch

675
00:37:19,700 --> 00:37:23,700
of value it looks like there's 
some projects on it that still 

676
00:37:23,700 --> 00:37:26,400
need to be saved. 
Anyways let's dive into this 

677
00:37:26,800 --> 00:37:30,400
Tara projects have begun 
migration over 48 projects and 

678
00:37:30,400 --> 00:37:33,400
Counting including at one planet
nft. 

679
00:37:33,500 --> 00:37:38,300
An exclusive at 0x polygon, 
Marketplace and Derby Stars 

680
00:37:38,300 --> 00:37:41,500
underscore HQ. 
It was so awesome to help and 

681
00:37:41,600 --> 00:37:45,100
Welcome, all of these wonderful 
developers to our thriving 

682
00:37:45,100 --> 00:37:46,600
ecosystem. 
Of course? 

683
00:37:47,000 --> 00:37:48,600
Right. 
It's fantastic stuff. 

684
00:37:48,600 --> 00:37:50,400
That doesn't need to be money 
stuff. 

685
00:37:50,400 --> 00:37:51,800
That doesn't need to be an 
investment. 

686
00:37:51,800 --> 00:37:54,700
Hey, don't worry about it, you 
were on a rug pulled platform, 

687
00:37:54,700 --> 00:37:57,800
it's all good, we're going to 
move you over to our platform 

688
00:37:58,100 --> 00:38:01,900
what could possibly go wrong. 
Anyways, let's dive a little 

689
00:38:01,900 --> 00:38:03,500
deeper into this and see what 
they're saying. 

690
00:38:03,700 --> 00:38:08,700
So how polygon is taking 
advantage of this latest Exodus 

691
00:38:09,100 --> 00:38:12,100
from Terra? 
All right we're Be putting 

692
00:38:12,100 --> 00:38:16,300
capital and resources against 
these migrations to welcome the 

693
00:38:16,308 --> 00:38:19,300
developers and their respective 
communities, right? 

694
00:38:19,300 --> 00:38:22,100
Always, always the inclusion 
from the shit coiners, right? 

695
00:38:22,100 --> 00:38:25,000
Everybody's Kumbaya we're all 
working together. 

696
00:38:25,000 --> 00:38:26,500
That's right. 
We're all working together 

697
00:38:26,500 --> 00:38:28,600
except none of us are actually 
working on bitcoin. 

698
00:38:28,900 --> 00:38:32,700
Anyways. 
We are opening our arms to all 

699
00:38:32,700 --> 00:38:37,200
who want to come over a lesson 
learned in the Tara collapse, is

700
00:38:37,200 --> 00:38:41,100
that it's very wise to be on an 
evm compatible chain. 

701
00:38:41,600 --> 00:38:44,400
Ali, so that you don't have to 
rebuild. 

702
00:38:44,500 --> 00:38:48,300
So I just hope that whatever 
developers go, they go with evm 

703
00:38:48,300 --> 00:38:51,900
in mind for longevity. 
Okay? 

704
00:38:52,000 --> 00:38:55,200
So listen, this whole evm 
garbage. 

705
00:38:55,700 --> 00:38:57,800
This, this is just a theory. 
Mm crap, okay. 

706
00:38:57,800 --> 00:39:01,600
And we all see that aetherium is
broke AF, okay? 

707
00:39:01,600 --> 00:39:03,800
It is just complete broken 
garbage. 

708
00:39:04,100 --> 00:39:07,400
And I think that this is just 
absolutely ridiculous. 

709
00:39:07,400 --> 00:39:11,200
A ridiculous narrative to draw 
attention to this chain. 

710
00:39:11,400 --> 00:39:14,300
That Nobody cares about the 
other piece. 

711
00:39:14,300 --> 00:39:16,900
I want to point out that this is
that coming from the corporate 

712
00:39:16,900 --> 00:39:19,100
background. 
I can tell you that Lessons, 

713
00:39:19,100 --> 00:39:21,600
Learned bullshit, that is 
Corporate speak. 

714
00:39:21,600 --> 00:39:25,200
That is Corporate speak for we 
screwed up because you know we 

715
00:39:25,200 --> 00:39:28,500
didn't pay much attention. 
So now we're going to use this 

716
00:39:28,500 --> 00:39:32,000
term in order to validate that 
we've understood what the 

717
00:39:32,000 --> 00:39:35,700
problem is and we're going to 
fix these things going forward 

718
00:39:35,800 --> 00:39:41,500
but you need to ask yourself, is
polygons really safe, is it? 

719
00:39:41,600 --> 00:39:45,100
It really safe. 
It was on the wrecked. 

720
00:39:45,100 --> 00:39:49,200
Leaderboard number two, on the 
wrecked leaderboard for 611 

721
00:39:50,700 --> 00:39:55,800
million dollars for August of 
last year and let's just take a 

722
00:39:55,800 --> 00:39:57,500
quick look. 
Okay. 

723
00:39:57,500 --> 00:40:00,900
We're going to take a quick look
at this article here just to 

724
00:40:00,900 --> 00:40:03,000
remind everyone. 
We may have some new viewers, 

725
00:40:03,000 --> 00:40:05,400
maybe they're not aware and 
they're thinking oh look at 

726
00:40:05,400 --> 00:40:06,500
that. 
Look at this shit coin. 

727
00:40:06,500 --> 00:40:09,700
They're so welcoming hackers 
stole at least 600 million in 

728
00:40:09,700 --> 00:40:12,500
poly exploit across three 
chains. 

729
00:40:12,700 --> 00:40:15,700
And that's right. 
So if you have one of these 48 

730
00:40:15,700 --> 00:40:19,600
projects that comes over, who's 
to say that project isn't going 

731
00:40:19,600 --> 00:40:23,200
to get rug pull, we have no idea
and you're only going to find 

732
00:40:23,200 --> 00:40:26,200
out once the damage is done 
very, very dangerous. 

733
00:40:26,600 --> 00:40:29,300
Alright, so here we go, just a 
just a quick recap here. 

734
00:40:29,300 --> 00:40:33,300
Okay, so the hacker that pulled 
this exploit posted three 

735
00:40:33,900 --> 00:40:36,900
bizarre messages through 
transaction records on a theory.

736
00:40:36,900 --> 00:40:38,600
Mmm. 
According to the data from 

737
00:40:38,600 --> 00:40:41,200
either scan. 
This is one of the message, it 

738
00:40:41,200 --> 00:40:42,600
would have been a billion 
dollars. 

739
00:40:42,900 --> 00:40:45,300
If I had moved remaining shit 
coins, that's right. 

740
00:40:45,300 --> 00:40:47,400
He called them the hacker called
them shipped home. 

741
00:40:47,900 --> 00:40:51,500
Did I just save the project? 
Not so interested in money. 

742
00:40:51,800 --> 00:40:56,100
Now, considering returning some 
tokens or just leaving them 

743
00:40:56,100 --> 00:40:59,400
there. 
Okay, now guys, I want you to 

744
00:40:59,400 --> 00:41:02,400
think about this, I want you to 
think about this very carefully 

745
00:41:03,300 --> 00:41:06,900
because again, this is, this is 
part of the partnership. 

746
00:41:06,900 --> 00:41:10,600
Parade that I always talk about 
with the shit coins, it's meant 

747
00:41:10,600 --> 00:41:13,300
for you, to feel the warm and 
Fuzzy's. 

748
00:41:13,400 --> 00:41:16,200
Okay, so you read this type of 
information and you say to 

749
00:41:16,200 --> 00:41:21,100
yourself, it's okay this is a 
supportive ecosystem and they're

750
00:41:21,100 --> 00:41:24,300
just going to move over to this 
more resilient platform. 

751
00:41:25,500 --> 00:41:28,300
This is not the case. 
This is centralized garbage 

752
00:41:28,300 --> 00:41:32,400
polygon is centralized garbage. 
The chains that are going on to 

753
00:41:32,400 --> 00:41:36,700
polygons are also centralized 
garbage, which can absolutely be

754
00:41:36,700 --> 00:41:40,800
rug pulled and we showed you. 
The second biggest rug pull in 

755
00:41:40,800 --> 00:41:45,500
the history of rock pools was on
this chain. 

756
00:41:46,300 --> 00:41:49,800
That these projects are going to
don't be fooled. 

757
00:41:50,100 --> 00:41:55,200
This is crap, nobody needs this.
Okay, take the Bitcoin. 

758
00:41:55,500 --> 00:41:58,400
This is, this is all just a part
of the partnership parade and 

759
00:41:58,400 --> 00:42:01,100
nothing else. 
None of this needs to be money. 

760
00:42:01,100 --> 00:42:03,800
None of this needs to be 
pretending that it needs to be 

761
00:42:03,800 --> 00:42:06,800
money. 
If this technology actually help

762
00:42:06,800 --> 00:42:11,400
had value, they would be able to
go through VC's. 

763
00:42:11,600 --> 00:42:13,500
They would be able to present 
the technology. 

764
00:42:13,500 --> 00:42:17,000
They would be able to show how 
it offers value, how they are 

765
00:42:17,000 --> 00:42:22,600
able to create a proper product 
or service and how this product 

766
00:42:22,600 --> 00:42:25,200
or service would be able to 
sustain itself. 

767
00:42:25,700 --> 00:42:28,600
But it can't. 
Okay, so really what you're 

768
00:42:28,600 --> 00:42:32,100
seeing, even though I know it 
looks all Kumbaya, this is just 

769
00:42:32,100 --> 00:42:34,100
cannibalizing. 
That's all it is. 

770
00:42:34,200 --> 00:42:37,400
They're simply just taking the 
crap from these other projects 

771
00:42:37,400 --> 00:42:40,300
which already failed. 
We already covered the Luna Tara

772
00:42:40,300 --> 00:42:43,600
collapse multiple times and 
they're trying to make it look 

773
00:42:43,700 --> 00:42:45,600
like. 
Hey, we've got this Safe Haven 

774
00:42:45,600 --> 00:42:47,300
where we can create value for 
you. 

775
00:42:47,900 --> 00:42:50,600
This is nonsense and it's 
bullshit, and you're going to 

776
00:42:50,600 --> 00:42:53,000
see in three to six months. 
Were most likely going to be 

777
00:42:53,000 --> 00:42:55,100
covering a rug pull from one of 
these 48. 

778
00:42:55,300 --> 00:42:58,600
Eight projects that no one ever 
heard of Niko. 

779
00:42:58,600 --> 00:43:01,800
I mean, I know that we covered 
polygon so many times, but I 

780
00:43:01,800 --> 00:43:05,400
just found this just so 
absolutely sickening because I 

781
00:43:05,400 --> 00:43:10,200
remember when we had the bear 
Market of 2018 2019. 

782
00:43:10,200 --> 00:43:16,000
And I remember seeing this same 
partnership Parade from all 

783
00:43:16,000 --> 00:43:18,600
these different shit coins. 
And I remember because I was a 

784
00:43:18,600 --> 00:43:21,700
shit coin or two, and I had just
gotten wrecked and I wanted to 

785
00:43:21,700 --> 00:43:25,200
believe, you know, so I would 
see the same type of messaging. 

786
00:43:25,400 --> 00:43:28,400
And I was like, you know what, 
it's going to be okay because 

787
00:43:28,400 --> 00:43:31,300
everybody's cooperating and 
guess what? 

788
00:43:31,600 --> 00:43:34,800
None of those projects ever came
to be anything. 

789
00:43:35,500 --> 00:43:38,000
The only project that I needed 
to pay attention to, which I 

790
00:43:38,000 --> 00:43:40,500
ended up learning the hard way 
was Bitcoin. 

791
00:43:42,300 --> 00:43:45,100
Any thoughts on, you know it's 
just pointing like chick 

792
00:43:45,100 --> 00:43:48,900
pointing but yeah, you 
absolutely, you know, Phil 

793
00:43:48,900 --> 00:43:52,000
bringing the hot fire. 
Like always fill the shit coin, 

794
00:43:52,000 --> 00:43:55,300
Slayer slaying shit coins. 
You die. 

795
00:43:55,300 --> 00:44:01,200
You know what, in the beginning,
when we used to cover these It 

796
00:44:01,200 --> 00:44:06,900
was I would always ask myself 
like hey like you know like holy

797
00:44:06,900 --> 00:44:10,900
crap, maybe this is noise but 
after time went by and we 

798
00:44:10,900 --> 00:44:16,000
started getting comments like 
dude you saved me I realized how

799
00:44:16,000 --> 00:44:19,300
important it was and then it 
started to make sense why we 

800
00:44:19,300 --> 00:44:22,900
doing this on a Bitcoin show? 
One of the hardest things in 

801
00:44:22,900 --> 00:44:26,400
Bitcoin, right? 
Is convincing people. 

802
00:44:26,400 --> 00:44:28,100
Why Bitcoin? 
Why not shit coins? 

803
00:44:28,100 --> 00:44:30,600
Because the unit bias is so 
strong. 

804
00:44:32,300 --> 00:44:34,600
And people get inside. 
Oh I'm only going to get point 

805
00:44:34,600 --> 00:44:38,000
zero zero, zero one percent of 
Bitcoin where I can get, you 

806
00:44:38,000 --> 00:44:43,200
know, 500 polygon right. 
And they make this false thing 

807
00:44:43,400 --> 00:44:45,300
and this is not helped by the 
mainstream media. 

808
00:44:45,300 --> 00:44:48,600
Also the Legacy Media, better 
said that, you know, when you 

809
00:44:48,600 --> 00:44:53,700
see, CNBC, they'll put Bitcoin 
aetherium, xrp, xlm all in the 

810
00:44:53,700 --> 00:44:58,600
same screen and if you don't 
know anything about crypto, I 

811
00:44:58,600 --> 00:45:01,200
hate using that word but you're 
just like, oh, it's The same, 

812
00:45:01,600 --> 00:45:04,500
there's Bitcoin and then there's
crypto, there's Bitcoin, then 

813
00:45:04,500 --> 00:45:06,800
there's shit coins, there's 
Bitcoin, there's altcoins 

814
00:45:07,100 --> 00:45:11,300
they're not equal all these 
things, all these shit coins. 

815
00:45:12,000 --> 00:45:14,200
What a lot of people don't 
realize is that they've 

816
00:45:14,200 --> 00:45:19,200
sacrificed decentralization for 
other features whether that's 

817
00:45:19,200 --> 00:45:21,400
faster transactions. 
Whereas whatever. 

818
00:45:21,600 --> 00:45:23,900
So, what is the revolution? 
Remember what we just showed 

819
00:45:23,900 --> 00:45:26,000
you, the example of China, 
right? 

820
00:45:27,600 --> 00:45:31,000
If you want to separate money 
from State and it's not to Sighs

821
00:45:31,200 --> 00:45:36,300
eventually inevitably, it will 
be captured by government. 

822
00:45:36,700 --> 00:45:40,900
The only thing that stands a 
chance is a truly decentralized 

823
00:45:40,900 --> 00:45:43,500
cryptocurrency in the only one 
that exists. 

824
00:45:43,500 --> 00:45:47,100
Today is Bitcoin. 
If you look at aetherium, we've 

825
00:45:47,100 --> 00:45:49,000
gone over this many times, 
right? 

826
00:45:49,100 --> 00:45:54,200
Not only does one of the board 
members sitting on the Ethereal 

827
00:45:54,200 --> 00:45:56,300
Foundation. 
That makes no sense, right? 

828
00:45:57,000 --> 00:46:00,100
She sits on the world economic 
Forum, right? 

829
00:46:00,100 --> 00:46:04,400
But not only, That 70% of 
etherium nodes run on Amazon web

830
00:46:04,400 --> 00:46:05,900
services. 
So when you're looking at 

831
00:46:05,900 --> 00:46:08,700
etherium, what you should really
be doing is thanking Jeff Bezos 

832
00:46:08,700 --> 00:46:12,100
because he's running most of 
their notes or sorry better 

833
00:46:12,100 --> 00:46:16,500
said, it's 40% running on AWS. 
70% are running on servers so it

834
00:46:16,500 --> 00:46:20,300
could be Google right still, 
does it change it right? 

835
00:46:21,100 --> 00:46:25,400
If you look at xrp, right? 
Same thing, most of the node 

836
00:46:25,400 --> 00:46:29,000
equivalents are run by xrp, 
right? 

837
00:46:29,000 --> 00:46:34,400
Not to mention the pre Minds. 
I XR p and aetherium right 

838
00:46:34,400 --> 00:46:37,700
Solana for example, got shut 
debt. 

839
00:46:37,700 --> 00:46:42,000
Literally shut down two or three
times this year, right? 

840
00:46:42,000 --> 00:46:45,400
They froze the blockchain. 
They actually were going to vote

841
00:46:45,400 --> 00:46:50,300
to, to redistribute wealth. 
To make sure that the very 

842
00:46:50,300 --> 00:46:53,900
wealthy guy in Solana, didn't 
dump on everybody else. 

843
00:46:54,600 --> 00:46:59,100
So they're not decentralized. 
And if you want to take the next

844
00:46:59,100 --> 00:47:02,400
step in human evolution, Ocean. 
The next step in human history, 

845
00:47:02,700 --> 00:47:06,500
you gotta separate money from 
State just like church and state

846
00:47:06,500 --> 00:47:10,500
or separated 100 years 200 years
ago, right? 

847
00:47:10,500 --> 00:47:14,000
Same concept, right? 
It's reached its Pinnacle, it's 

848
00:47:14,000 --> 00:47:17,600
reached its utility booked, a 
sovereign individual touches 

849
00:47:17,600 --> 00:47:21,500
upon this, right? 
We got to move on as individuals

850
00:47:21,500 --> 00:47:24,600
as Humanity as a species. 
We got to utilize the power of 

851
00:47:24,600 --> 00:47:29,100
the internet and we got to use 
Bitcoin and able to take 

852
00:47:29,100 --> 00:47:33,400
advantage of that future or The 
same things are going to keep 

853
00:47:33,400 --> 00:47:36,200
happening which is the same 
things that happened in the 

854
00:47:36,200 --> 00:47:41,000
Legacy system are now happening 
in the shit coin system. 

855
00:47:41,100 --> 00:47:46,300
The the, the bank runs rug pulls
the fact, the fraud, the same 

856
00:47:46,300 --> 00:47:50,400
shit on a conceptual basis is 
happening and should coil and 

857
00:47:50,600 --> 00:47:53,500
that happened in fear land, 
right? 

858
00:47:53,500 --> 00:47:58,500
That Fiat patched over with 
regulations right to stop those 

859
00:47:58,500 --> 00:48:00,500
front. 
Now Bitcoin, right? 

860
00:48:00,600 --> 00:48:03,200
Right? 
If you take self custody of your

861
00:48:03,200 --> 00:48:05,800
Bitcoin, what is the 
disadvantage of that? 

862
00:48:05,800 --> 00:48:08,200
The disadvantage of? 
That is the five dollar wrench 

863
00:48:08,200 --> 00:48:11,300
attack if someone physically 
attacks you because they know 

864
00:48:11,500 --> 00:48:14,100
that you have some custody of 
your Bitcoin, that's a big type 

865
00:48:14,100 --> 00:48:16,900
of attack. 
There's no perfect solution. 

866
00:48:16,900 --> 00:48:20,100
There's mitigations 
geographically separating your 

867
00:48:20,100 --> 00:48:22,400
multi cigs, right? 
Your signatures, right? 

868
00:48:22,500 --> 00:48:27,000
That's a good solution, right? 
Having a dead man, switch. 

869
00:48:27,000 --> 00:48:28,800
Right there. 
There's things that you're going

870
00:48:28,800 --> 00:48:32,500
to have to think about and this 
all goes Back to bitcoin, the 

871
00:48:32,500 --> 00:48:35,800
Bitcoin Revolution, only 
happens, only works if people 

872
00:48:35,800 --> 00:48:41,400
start taking self personal 
responsibility because before 

873
00:48:41,400 --> 00:48:43,900
they were Outsourcing that 
personal responsibility in the 

874
00:48:43,900 --> 00:48:48,000
storage of their wealth, to 
these powerful institutions that

875
00:48:48,000 --> 00:48:52,000
keep breaching that trust and 
just happen with China, right? 

876
00:48:52,000 --> 00:48:55,400
And it's going to keep happening
because on a conceptual level, 

877
00:48:55,600 --> 00:48:58,300
it's a bad architected system 
that you could have made an 

878
00:48:58,300 --> 00:49:02,900
argument that was necessary. 
Now with Bitcoin it's redundant 

879
00:49:02,900 --> 00:49:07,900
it's it's I don't know what the 
word I'm looking for fill it is 

880
00:49:08,100 --> 00:49:11,500
obsolete up so yeah, sure, 
absolutely boom. 

881
00:49:11,600 --> 00:49:15,100
But anyways, fill time for the 
daily meme review brought to you

882
00:49:15,100 --> 00:49:17,500
by Citadel 21st. 
Best Bitcoin cultural scene is 

883
00:49:17,500 --> 00:49:20,900
stories articles Comics by 
actual bitcoiners is the artwork

884
00:49:20,900 --> 00:49:25,300
for volume 11. 
This is the artwork for volume 2

885
00:49:25,500 --> 00:49:28,900
and this is the work for volume 
11 volume. 

886
00:49:30,700 --> 00:49:35,900
Volume 12:30. 
Yeah, Vol 12 just came out. 

887
00:49:35,900 --> 00:49:38,200
I'll show it to you guys. 
When I get back to Miami. 

888
00:49:38,500 --> 00:49:41,300
They're scarce is only 1,000, 
physical copies per volume. 

889
00:49:41,300 --> 00:49:43,800
So make sure to get your prints 
of Citadel 21 today. 

890
00:49:43,900 --> 00:49:46,600
All right, everybody. 
Welcome to the daily mean 

891
00:49:46,600 --> 00:49:48,700
review. 
Where we review Bitcoin memes 

892
00:49:48,700 --> 00:49:51,400
memes, not only playing a 
central role in Bitcoin culture,

893
00:49:51,400 --> 00:49:55,000
they play a pivotal role in this
narrative, trench warfare that 

894
00:49:55,000 --> 00:49:58,300
were fighting every single day 
against governments and central 

895
00:49:58,300 --> 00:50:00,300
banks. 
Anyways, moving on. 

896
00:50:00,600 --> 00:50:04,100
The first one, Speaking of 
government memes the public 

897
00:50:04,500 --> 00:50:07,600
economic collapse, it's their 
crayons or coloring on the wall.

898
00:50:07,700 --> 00:50:11,300
He did it free market. 
It's so true. 

899
00:50:11,700 --> 00:50:15,900
Wow, it's so true dude. 
And it reminds me of one of the 

900
00:50:15,900 --> 00:50:18,800
things that we're seeing in the 
younger generation specific in 

901
00:50:18,808 --> 00:50:20,900
the United States, is that 
they're calling for more 

902
00:50:21,200 --> 00:50:25,200
collectivist ideology, right? 
And failed economic models, 

903
00:50:25,200 --> 00:50:27,000
right? 
Because they've been so 

904
00:50:27,000 --> 00:50:30,900
disillusioned with capitalism. 
But in reality, it's like, It's 

905
00:50:30,900 --> 00:50:34,700
crony capitalism and the 
capitalism hasn't been able to 

906
00:50:34,700 --> 00:50:37,700
the free market hasn't been able
to function, because the 

907
00:50:37,700 --> 00:50:40,600
government intervenes. 
And then another misconception 

908
00:50:40,600 --> 00:50:43,900
is that, dude. 
The US, the US economy is not a 

909
00:50:43,908 --> 00:50:46,800
free market economy. 
I would even it's essentially, 

910
00:50:46,800 --> 00:50:52,300
dude, it can't be that the FED 
has to switch to dump the stock 

911
00:50:52,300 --> 00:50:55,500
market and then when they print 
money, the stock market grows 

912
00:50:56,200 --> 00:50:59,500
that sounds centrally planned to
me, it might be not 100% Central

913
00:50:59,500 --> 00:51:02,300
plan but that sounds Like a 
dude, it sounds like a 

914
00:51:02,300 --> 00:51:04,600
command-and-control economy. 
It doesn't sound like a free 

915
00:51:04,600 --> 00:51:07,600
market and a free market that 
shouldn't be allowed, right? 

916
00:51:07,600 --> 00:51:11,400
It's like Solana saying oh so on
has set a decentralized and then

917
00:51:11,400 --> 00:51:14,600
then being shut off right. 
It's it's so stupid. 

918
00:51:14,600 --> 00:51:16,800
Anyways, moving on. 
Sorry I get carried away. 

919
00:51:17,200 --> 00:51:19,900
Next one. 
Bye Greg this is his second 

920
00:51:19,900 --> 00:51:21,000
account. 
Greg Zack do. 

921
00:51:21,000 --> 00:51:23,000
Stay humble stack stack just 
stick to the plan. 

922
00:51:23,100 --> 00:51:27,800
This is the famous bell curve. 
He's the very dumb guy like me 

923
00:51:27,800 --> 00:51:30,100
and fill the 55 IQ. 
Stick to the plan. 

924
00:51:30,700 --> 00:51:32,700
Then in the middle of the curve,
right? 

925
00:51:32,700 --> 00:51:35,400
Is 100 IQ, people know. 
You can't just stick to the plan

926
00:51:35,400 --> 00:51:39,000
and achieve all your goals and 
then the very smart people, 145,

927
00:51:39,000 --> 00:51:43,200
stick to the plan and then a 
pleb did a, that a new one. 

928
00:51:43,500 --> 00:51:45,900
The very dumb people, stay 
humble Stacks at stick to the 

929
00:51:45,900 --> 00:51:49,700
plan, the 100 IQ people, my star
will continue to rise. 

930
00:51:49,700 --> 00:51:53,400
It's Nick Carter and they put 
Nick Carter's hair on there and 

931
00:51:53,400 --> 00:51:57,000
then the 145 stay humble stocks 
at that is a great meme. 

932
00:51:57,000 --> 00:51:59,900
All right, moving on the lizard 
people shout out, Marty bit, I'm

933
00:51:59,900 --> 00:52:03,300
gonna give it a Like we debased 
their currency and destroyed the

934
00:52:03,300 --> 00:52:06,600
nuclear family and told them the
patriarchy and climate change 

935
00:52:06,600 --> 00:52:08,900
are the problem. 
Ha ha ha. 

936
00:52:09,500 --> 00:52:11,700
It's so true. 
Matt connect this with what 

937
00:52:11,700 --> 00:52:15,500
happened in 1971, that that data
point that feels showed you and 

938
00:52:15,500 --> 00:52:19,800
the fail the media when Biden 
sends millions of barrels of oil

939
00:52:19,800 --> 00:52:24,400
to China amid an oil crisis. 
The media, when you donate $25 

940
00:52:24,400 --> 00:52:26,000
to some truck. 
It's so true guys. 

941
00:52:26,000 --> 00:52:31,400
We don't like to take a 
political stance but I'm going 

942
00:52:31,400 --> 00:52:33,900
to say it feel. 
I can't contain myself, okay? 

943
00:52:34,100 --> 00:52:37,700
Hunter, Biden pictures, and it's
literally no media is talking 

944
00:52:37,700 --> 00:52:40,100
about it. 
Like come on these Elites have 

945
00:52:40,100 --> 00:52:43,900
different rules as nothing to do
with left or right like hey I 

946
00:52:43,908 --> 00:52:46,200
think it has to do with the 
establishment versus everybody 

947
00:52:46,200 --> 00:52:47,900
else. 
It's such BS. 

948
00:52:47,900 --> 00:52:53,100
Anyways, next one by battle Aunt
blockchain without Bitcoin. 

949
00:52:53,600 --> 00:52:58,000
It's the car and all right. 
Last one by brekkie. 

950
00:52:58,700 --> 00:53:01,100
Bitcoiners bouncing back from 
the thud. 

951
00:53:01,200 --> 00:53:05,000
I'm not going to play the audio 
but a chick doing crazy stunts. 

952
00:53:05,000 --> 00:53:07,100
Jumping off a balcony and a 
ledge. 

953
00:53:08,000 --> 00:53:09,200
Yeah, it's true. 
It's true. 

954
00:53:09,200 --> 00:53:10,800
Bitcoiners don't care about the 
fuck. 

955
00:53:10,800 --> 00:53:16,200
If you still care about the fun,
you have not graduated yet. 

956
00:53:16,600 --> 00:53:20,900
Anyways, for those memes. 
I'm going to give it. 

957
00:53:21,900 --> 00:53:28,900
Hey, let's cut. 
What about you feel? 

958
00:53:29,100 --> 00:53:32,100
Yo, hey short, dude. 
The power just fucking switched 

959
00:53:32,100 --> 00:53:35,900
off all good. 
Sorry, I just rated the meme. 

960
00:53:35,900 --> 00:53:37,600
What would you give those memes?
Phil? 

961
00:53:37,600 --> 00:53:41,200
Oh, well, you know what? 
Lucky for me I did see them 

962
00:53:41,200 --> 00:53:44,600
before. 
So I am going to give them these

963
00:53:44,800 --> 00:53:54,100
very helpful and awesome Burton 
earplugs who fancy See very, 

964
00:53:54,100 --> 00:53:57,000
very fancy, very fancy for some 
awesome memes. 

965
00:53:57,200 --> 00:53:59,300
Anyways, guys, we want to know. 
If you're with our scores, you 

966
00:53:59,300 --> 00:54:00,600
disagree. 
Why don't you arrange? 

967
00:54:00,600 --> 00:54:02,400
The meet rate? 
Mean yourself down in the 

968
00:54:02,400 --> 00:54:05,300
comment section and it helps us 
with the Al Gore Rhythm. 

969
00:54:05,800 --> 00:54:07,900
So plead put all these Goods 
that I think it's funny. 

970
00:54:08,000 --> 00:54:10,400
And of course, make sure to 
subscribe to us alternative 

971
00:54:10,400 --> 00:54:13,200
video platforms like Rumble.com.
My personal favorite Bitcoin 

972
00:54:13,200 --> 00:54:16,300
tv.com. 
Join our telegram group do it 

973
00:54:16,300 --> 00:54:18,000
right now. 
It's a party in there and you 

974
00:54:18,008 --> 00:54:21,600
can link us some awesome memes 
to review on the Bitcoin review.

975
00:54:22,500 --> 00:54:25,800
And yeah, if you're tuned in to 
the audio version on Twitter 

976
00:54:25,800 --> 00:54:30,200
spaces, make sure to stay until 
after the show where Jacob from 

977
00:54:30,200 --> 00:54:34,400
Swan and our own Optimist Fields
going to do a live Q&A and 

978
00:54:34,400 --> 00:54:37,700
hangouts going to be awesome. 
But anyways, Phil, it's time for

979
00:54:38,600 --> 00:54:41,100
the daily know. 
There was an open source, 

980
00:54:41,100 --> 00:54:42,800
software release, anyone eat 
everybody about it. 

981
00:54:42,800 --> 00:54:45,600
Websites brought to you by 
Cipher safe. 

982
00:54:45,600 --> 00:54:49,800
Check them out. 
Seifer safe dot IO papers dead. 

983
00:54:49,800 --> 00:54:52,000
It's not the right way to store 
your seed. 

984
00:54:52,300 --> 00:54:57,400
Store your seed in the all new 
Cipher Grid or the Cipher wheel.

985
00:54:57,500 --> 00:55:00,600
They both come with a 
tamper-resistant wire and the 

986
00:55:00,600 --> 00:55:02,900
grid also comes with a punch 
tool. 

987
00:55:03,000 --> 00:55:08,900
All right guys we have got a 
great great website by plebs and

988
00:55:08,900 --> 00:55:11,900
this was shared with us with 
fellow Bitcoin. 

989
00:55:11,900 --> 00:55:16,000
ER it was Chris alaimo that 
shared this with us right? 

990
00:55:16,000 --> 00:55:20,000
And let's go take a look. 
Here we go guys, this is the 

991
00:55:20,000 --> 00:55:22,500
best version of real. 
Vision. 

992
00:55:22,500 --> 00:55:24,100
So for the people who don't 
know, real Vision, right? 

993
00:55:24,100 --> 00:55:27,000
We're making you know we're 
talking about real pal and all 

994
00:55:27,000 --> 00:55:29,900
of these, all of these 
Schiller's of where's that 

995
00:55:29,900 --> 00:55:32,500
people don't need. 
So I don't know who made this 

996
00:55:32,500 --> 00:55:34,600
website but it is absolutely 
fantastic. 

997
00:55:34,600 --> 00:55:37,800
New real Vision.com. 
The link is going to be down in 

998
00:55:37,800 --> 00:55:40,500
the show notes. 
Here We Go real Vision buy 

999
00:55:40,500 --> 00:55:44,300
Bitcoin first then review this 
simple diversification strategy 

1000
00:55:44,800 --> 00:55:48,100
here we go also Bitcoin but in 
Block 2% also between put in 

1001
00:55:48,100 --> 00:55:55,300
blue 2% also Bitcoin but in 2% 
also before But yellow 3% also 

1002
00:55:55,300 --> 00:56:00,800
Bitcoin but in green 6% in cyan 
11% in purple 14%. 

1003
00:56:00,800 --> 00:56:04,900
So as you can see, it's all just
Bitcoin and you know all joking 

1004
00:56:04,900 --> 00:56:08,900
aside that really is our 
diversification strategy because

1005
00:56:08,900 --> 00:56:13,100
there really is only Bitcoin and
shit coins and should coins are 

1006
00:56:13,100 --> 00:56:15,100
not Bitcoin. 
That's why the shit coins 

1007
00:56:15,100 --> 00:56:19,500
anyways. 
Anyways we digress and now we 

1008
00:56:19,500 --> 00:56:21,400
are going to go where we going 
Nico. 

1009
00:56:21,900 --> 00:56:24,400
Not I'm gonna tell everybody 
about the audio, only platforms 

1010
00:56:24,400 --> 00:56:27,200
that we have, okay? 
So don't forget to check us out 

1011
00:56:27,200 --> 00:56:32,100
on our Audio, Only platforms, 
Apple podcast, Spotify and 

1012
00:56:32,100 --> 00:56:33,700
anchor. 
If you want to stream assets, 

1013
00:56:33,700 --> 00:56:37,200
check us out on Fountain dot f 
m, you can stream a sax through 

1014
00:56:37,200 --> 00:56:38,900
Breeze. 
Awesome. 

1015
00:56:38,900 --> 00:56:41,400
Thank you Phil. 
All right, guys, before we go, I

1016
00:56:41,400 --> 00:56:45,100
want to give a very quick. 
Shout out to our awesome 

1017
00:56:45,200 --> 00:56:46,600
clothing. 
Sponsor. 

1018
00:56:46,700 --> 00:56:52,100
Represent LTD.com Phil and I 
wear the merch every single day.

1019
00:56:52,600 --> 00:56:55,200
Look at that decentralised. 
I'm wearing the decentralized 

1020
00:56:55,200 --> 00:56:57,800
city. 
We didn't plan this, he's making

1021
00:56:58,100 --> 00:57:01,300
Bitcoin merch. 
He is made, simply he's making 

1022
00:57:01,300 --> 00:57:04,000
simply Bitcoin Merchants. 
Well, you could take advantage 

1023
00:57:04,000 --> 00:57:07,500
of the promo code down below to 
get 10% off. 

1024
00:57:07,500 --> 00:57:12,600
Represent LTD.com, of course, 
check out our newsletter. 

1025
00:57:12,800 --> 00:57:16,200
Simply Bitcoin 
www.simpleandsensational.com, 

1026
00:57:16,300 --> 00:57:19,100
use the Legendary Pirate Beach 
Bum is taken. 

1027
00:57:19,100 --> 00:57:21,500
Care of it. 
We just dropped a killer killer 

1028
00:57:21,500 --> 00:57:24,400
blog. 
Oster article recently it's 

1029
00:57:24,400 --> 00:57:27,000
called stocks and flows. 
Officially dead, definitely 

1030
00:57:27,000 --> 00:57:28,000
going to want to check it out 
guys. 

1031
00:57:28,000 --> 00:57:29,400
That was our show. 
If you enjoyed the show you 

1032
00:57:29,400 --> 00:57:32,200
don't station course. 
You want to continue in the 

1033
00:57:32,200 --> 00:57:33,300
Bitcoin. 
Use from the bleep. 

1034
00:57:33,300 --> 00:57:42,900
Let perspective definitely See 
you tomorrow guys for brainy 

1035
00:57:42,900 --> 00:57:46,100
episode broken system. 
Broken incentives. 

1036
00:57:46,500 --> 00:57:48,500
Bitcoin fixes this. 
It's