Welcome back everyone. We're simply Bitcoin.
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And the plebiscites man, I am glad to be back.
Nico. You know where we're going.
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Height is 740 4605. The Bitcoin price 20,000 525,
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dot sixty. Moscow time 48-72 blocks to the
having 95,000 395 and the samurai Whirlpool unspent
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Spend it's not a mixing service and the unspent capacity from
that pool is 4880 1.25 Nico, the very uneventful numbers and I'm
glad you're back. Bitcoin is the new Stable coin
at 20K say that I know might get a break it.
I might did I just jinx it? I don't know.
We shall see but so today, we're going to react to some comments,
right? Oh no.
We've been getting some very colorful comments because price
of Bitcoin is down. So we have a comment from a vac,
I'll pop it, you know. Pop it up for you guys on
screen. You guys know the deal and Tuvok
cess How to explain that your economically.
Illiterate in 30s. Ahaha, first of all, that's a
compliment fill because you're in your 40s.
My friend don't wait, I'm economically incompetent in my
40s. Yeah they say I just did we just
outdo him he just said how to explain that your economically
illiterate and no sorries and he was responding to a short and
the short was Bitcoin holds value better than the dollar.
I guess he never actually took a look at that chart with the, the
US dollar losing 99 percent of its purchasing power that, you
know, that person. And, again, don't get me wrong
in a traditional banking system, right?
It looks, you know, we look like we look like idiots, right?
It looks like it makes no sense because when you don't actually
understand the proposition of Bitcoin and you look at the
dollar and you think we'll wait a second, my dollars, not losing
purchasing power, but in all honesty, if you go take a look
at the US dollar, you'll see it's lost 99 point.
Something percent, you go take a look at the Euro, the Euro has
Lost over 97% purchasing power. So I'm actually I'm actually
looking at right here, I'll pop up and image.
Okay, cool is when we look at it, right?
And the consumer goods, which I think is the most useful, right?
If you zoom out, because he's absolutely right on a year, on a
year basis, right? The, a medium new house, what's
something that you buy it? Let's say a house, right?
So house and priced in u.s. dollars, u.s. dollars worth of
bitcoin houses are 73%. More expensive, if you look at
on a year basis. However, if you look at it on a
three-year basis, houses are actually even with 100% up in
the last two years houses, if you were saving a Bitcoin, we're
actually 21 percent cheaper. If you were saving a Bitcoin on
a five-year basis, houses are actually 84 percent cheaper.
So, Mock. You know what, when you
commented this? I think I was in my 20s.
I just was in my, I'm in my 30s now.
In fact, I've been, I've been wealthier in my 20s that I
haven't in my 30s. I texted you.
That babe remember the other day film.
Yes. But okay.
So I do want to add one other thing though.
Okay. It's because I just turned 30
guys just just a little, just it explanation If he if you cherry,
pick your timelines. Okay, to fit your You'll never
have to learn anything else, okay?
Because you will always find biased information to make it
seem like what you think makes sense and and we know the
feeling in Bitcoin, but believe me, I spent I've said this a
thousand times. I used to wake up every single
day and I was like, hey this this thing has to be garbage, it
has to be a scam. I need to figure this out and
every single day I would try to figure it out.
I would I would try to find the angle and every day, I could not
find the angle and I would just go and stock more porn.
I'm like, all right, cat. Get this out.
I'm just going to buy more Bitcoin because this right now
is what makes the most sense. So full of cherry picking those
timelines, you're not helping yourself.
I know you think you're helping yourself because you feel better
on the moment, but when you zoom out you're going to be wreck Bud
because you're not understanding what's happening to the dollar.
Absolutely. Now, moving on to the next one.
Fill. This was my, I forgot there was
another one. There's this one's a little bit
more complicated, it's by Wayne last and he said and this was a
reference to To the shore. I think you actually put this
the other day, why governments can't be trusted to print money.
That was the title of the short. And Wayne last said, the rich
have the ability to generate more wealth, which is subtly
taken from the middle, and pour classes.
And then he goes on to say, well, Thomas Flores says, don't
blame the rich for the work of Washington.
Very good answer and then Wayne last continues.
He says, I'm 100% right? I've never say I'm 100% right if
I'm if I'm sure about something I say 99 because there's always
that doubt, right? So humility, right people with
money, you use it to extract wealth from each other.
The entire economy is structured us this way which is why the
rich get richer and more divided we become.
Okay? So the first part of that is a
is ideological and the way that you're looking economics.
So I'm not going to bother going back to that.
Because some people say, you know, we use money to create
wealth, right? That's what it's all about money
is it taken, right? It's created when you produce
something, but I understand that certain people with certain
ideological beliefs might disagree.
So I'm going to, I'm going to stick to the money argument
which he says the economy is structured this way which is why
the rich get richer. And more divided we become I'm
going to leave the economic thing aside but the rich get
Richer, and the poor get poorer. Maybe if you say if you're
talking about the economy but let's focus on the money, right?
What happens when the, when the government prints money, when
the government prints Fiat, right?
Something is a wealth redistribution, right?
It's not rich people taking your money when the government prints
money, right? The government, every time, and
they describe this, they call it inflation, right?
When they print more money, they add more money to the money
supply if you're poor, or if you're middle class and you
don't have Have the means to save in equities Commodities or
real estate that don't benefit from asset inflation.
Most people in the lower income and the middle income, they save
in cash and if you save in cash and you don't have your money
and assets, you don't benefit from the money printer.
In fact, every time they print money, the government is
stealing from you and they're giving to the very wealthy and
they're giving to themselves. It's right.
So to go back to the original comment, it's actually a good
thing. If we separate the money away
from government because you take away the government's ability to
do that, to you, on top of that. I know that you're concerned
about the wealthy, the awesome part about Bitcoin is that you
take away the wealth. He's ability to debase your
money. You take away anybody's ability
to debase your money or to steal from you, right?
Because at the end of the day and shit, Owens do this to as
long as someone has the power to print more money that you hold.
Every time they print more money or the create more money, it
devalues what you're holding, right?
So if you put the economic argument aside, I'm not going to
get into that, right? And you just focus on the money,
right? Fixing the money as was the
original title of that video fixes, the Crux of the issue,
because you're taking away, someone else's ability to steal
from you by debasing currency. So I hope that by debasing the
currency. Holding better set.
So I hope that answers your question.
Wayne last anyways. Phil, what are your thoughts?
Yeah, no I look I think you did a great job with that with that
response. So look I you know, when I was
in my when I was like 16, you know, when I was in my teens I
was absolutely certain that it was the rich and the powerful
corporations that were robbing the middle class and the poor.
I was absolutely certain that that if Walmart didn't exist
every other business would flourish, okay.
But that was before I understood incentives, that was before I
Understood the debasement which was, is the correct word to use.
Okay, the debasement that the government does through the
Federal Reserve and through the treasury and the circus of money
creation, okay? That's really the Crux of the
matter. So you see by creating the
situation where we as individuals decide to blame the
rich and the corporation's, what's happening is that the
government and the private entities that produce Money.
They get a free pass, they get to just sit in the background.
Keep debasing. And guess what?
We're blaming the rich, we're blaming corporations but at the
end of the day, it's nothing but incentives.
That's all it is. It's every single human, you
know, and Niko, you always, you know, like it's like always sit
there and be like now, they're evil.
You know, when you're like there's nobody's just sitting
there twirling their mustache and and you know what?
In this case, yes, you actually have a mustache, you can do it.
But like, you know, in this case the really not they are
literally acting on their incentives.
Now, the other piece that Want to bring into this, has to do
with education, okay? Something I learned growing up
was that the wealthier friends that I had had a better
understanding of how to how to create money in terms of
employment or a business. Number one, and number two, how
to use money, right? In terms of.
Hey, if you can get this money to work for you, you can spend
your time doing something else, and this is, Something that
unfortunately the poor don't either are not taught this or
maybe they are. And they just don't, they're not
explained the significance of it or maybe just on an individual
level, they just don't care. So again, I don't want to, you
know, give a blanket statement, this to why that's happening.
But I'm just saying, is that it truly is a matter of knowledge
in this case. And you have to understand the
playing field that we're on, right?
We have to understand the game board that we're on in order to
play. Game effectively.
And once we understand that the government debases our money
through the mechanisms of the Federal Reserve and the
treasury. Well then we understand how to
play the game. Bitcoin makes it so that we
literally remove the game board out from under that system and
we take the money printing capability away from them.
So, yes, this is why we Champion Bitcoin and we do think that it
is going to fix this problem. Sorry, that the video offended
you. No, I 100% agree.
I think that you really, you really said something really
wise, which is and I've said this many times, I've told this
to you, Phil many times, right? Which is the biggest difference
from someone who's very poor, and someone who is very wealthy,
I've been both back in back in my teenage years, the very
wealthy part before I lost everything due to before my We
lost everything due to some Domino effects that were started
due to the 2008-2009 financial crisis.
And one of the things, the difference is, right?
That I've noticed from very wealthy people, very poor
people, right is the mindset. So, I always say this, I'm like
the difference between someone who's poor and someone whose
wealth is obviously, you know, what's in their bank account.
But the important difference is the way they look at the world,
right? There's the poverty mindset.
But then there's the wealthy mindset, it's real.
It's a it's very very real and it very, it will affect the way
that you look at opportunities, the way that you look at life,
right? So, so yeah, man, I hope Wayne
and are see this but anyways, Phil it's time for the Daily
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All right, everybody check this out, I'm gonna run through this
real quick then we're going to talk about some more important
news. So Robin Hood enables Bitcoin
transfers for all users. We called This months ago, they
did technically they did announce it.
It at the Bitcoin conference but now they've actually enabled it,
right? And at the end of the day, look
check this out, fill the firm started testing its Bitcoin
withdrawal feature and September 20, 21, and under two months.
1.6 million users were on the wait list to access the
functionality. It begins, it began rolling out,
Bitcoin withdrawals, and January 20 22.
So dude, now it's for all users, now, you don't have to be on a
waitlist, that's a lot of people, taking self custody,
that is Ultra bullish. At the end of the day.
Did Robin Hood do this out of the goodness of their heart?
No, and we actually predicted that not only Robin Hood would
PayPal was going to do this as well.
Back in the day, when we covered an article at the beginnings of
Simply Bitcoin when we were going over cash apps numbers,
right. Cash app was making a lot of
money on bitcoin sales and if you see what cash app enables
cash, app, enables withdraws, right?
So, in order to stay competitive, remember What we
were talking about incentives in the beginning, in order to stay
competitive, Robin Hood and PayPal had to match what cash
app has doing an order in the hope of attracting some of those
customers back to those platforms.
So it's good to see this. Now the more important news is a
little bit of noise but I think I wanted to cover it because of
we always like to make here. The the case guys, that
incentives are very powerful. Anyways, moving on to this
Gloria's ow becomes first, female Bitcoin, core maintainer,
and Peter will lie. I'm sorry, if I pronounced, that
guy's Phil's going to help me with the prawns pronunciation
steps down. Developer announced his name
either. I'm sorry guys.
Please correct me in the comments.
He's I know he's a, he's a veteran, Bitcoin Dev and I
apologize for not pronouncing his name correctly.
Anyways, developer Gloria's out has become the first known woman
to join the select cohort of Bitcoin core containers.
Bitcoin core maintainers have Commit, commit.
Permissions to the repository and are responsible for merging
contributions from other developers on to the code base.
Zales addition, to the group came on the same day as a long
time and painter, Pierre stepped down from the role.
Willie is one of the most well-known developers in the
Bitcoin community and has contributed immensely to the
Bitcoin ecosystem, particularly particularly to bitcoin core the
developed. The departure of the developer
who works on many Bitcoins important upgrades.
A date in Including bip, 32c phrases, seg wit and tap tap
Roots, nor cause some fears in the community.
And this is he responded to clarified some things on Twitter
to be clear. I won't stop contributing to
code review and all the projects I'm involved in.
So, Alexis looks like he's just, he just doesn't want to, he
doesn't want the permissions anymore, but he's still going to
be active on on bitcoin. And if you take a look at the
actual GitHub, repository, here's someone who's actually
You thanking him for the work that he's done.
Check out, check this out, but it's by AC ache verified the
fingerprint so it's obviously him.
Thank you for being a Bitcoin core maintainer.
Since 2011, this guy's been here almost since the beginning I
have learned a lot of things reading your posts and will keep
learning as you will still be active as a contributor.
Really, really cool. Phil is this a, this a passing
of the guard and another thing that I wanted to Bring up.
And again guys, I'm not really a believer in the whole identity
stuff. I'm a big believer in the merits
of someone. I think someone shouldn't be
judged by their sex skin color and all that stuff.
I think shouldn't someone should be judged based on their own
accomplishments and based on their own personality, the sex
and skin color at all. That stuff is completely
irrelevant. And that's the way it should be
because Martin Luther King that said the famous line, right?
Don't judge someone by the color of their skin but rather on the
content of their character, something along those lines.
So yeah. But I still think it's awesome
that, you know, it was a girl, the first Bitcoin core
maintainer that's a woman. That's, I think that's, that's
awesome, that's historic. And if you take a look at
Gloria's credentials, which I think is the actual important
part. She's very credential like, you
know, she has the background, I think she deserves it.
Right. So I think that was really cool.
And again, shout out to Peter for Painting it for so long.
I'm sorry that I butcher the pronunciation of your name.
I apologize. If I ever see you one day, I
will buy you a beer. Phil what are your thoughts
think people pronounce his name? Peter wheel but I could be
wrong. Anyways, I'm trying I'm trying I
that's probably wrong to and I'm also apologizing because I
couldn't pronounce it right to begin with either but look okay.
Before we talk about the, the maintainer stuff that Robin
Hood, that that Robin Hood article.
All I was hearing is like everybody was excited to get at
their corn off of their platform.
The fact that they had 1.6 million people on that wait list
to get all of their corn off of their shows you it that is the
signal that is the signal and the signal is when people are
given, okay? When people are given the proper
information and the choice, they will self custody.
So proper information, the tools and the choice.
They will self custody and we can see the proof of that or at
least to me. I take that as proof.
Okay for the, for the Bitcoin, core maintenance stuff.
I totally agree with you. I mean, look, I'm a Gen X or the
way that we were the way that we were raised or at least the, you
know, the way that I grew up was it was exactly what you said, it
was about your merits, it didn't make a difference, whether you
were male or female what you identified, as nobody gave a
shit that only matter to you, that's important to you and
that's fantastic. But the point is that it had to
do with the quality of your work, your integrity what you
presented, right? What you actually came to the
table with and these are the things that should matter.
That being said, unfortunately, we do see comments in the
Bitcoin community that there isn't enough involvement by
females and for females. And so I think that, at the very
least, this is a positive development.
Maybe it's going to encourage some other, some other Other
ladies to, you know, decide to step up as well.
Not that they haven't in any way, shape, or form.
I'm not making that assumption. I'm just saying, this may
encourage others, right? Because usually, that's how it
works. It's not the masses that just
all of a sudden to decide to go and do something.
It takes one person and that one person motivates a second, and a
third and it goes on and on. So you know what?
Good for us. Awesome for Gloria and the
reality is Peter's been doing this for a decade.
I'm pretty sure he wants a break as well.
So, Everybody wins. We hope everybody wins me hope.
So now that we got the positive news out of the way, all right,
I'm gonna go back to back in time to a tweet that I did a
while ago, actually have it pinned because of how important
I believe this is, this is right.
You have to know we always talk about the peaceful Revolution,
you know? And you automatically, you think
Revolution, you think bullets, you think.
You think violence right. No, we say Bitcoin is a peaceful
Revolution, but what is the revolution?
What is this? Revolution revolution is simple
people. Taking back their financial
sovereignty. That's it.
How do you do that? You take Bitcoin off exchanges
and you take it into Cold Storage?
That's it. If enough people do that we win,
right? Really, it's not rocket science.
That's it. That, that is the Revolution,
right? So why is this such a big deal
because if you look throughout history, right?
Whether it's the bank runs of their 1930s or V, the horrible
example that I always give, right?
Which is back in the 30s, right? When a certain government, got
in power, in Germany. A lot of the Jews that were
being persecuted, could not leave.
Because one of the first things that This particular government
did when they got into power was freeze.
The accounts of not only Jews but of certain ethnic people
right with Bitcoin. If you take Bitcoin into self
custody, not only do you have the power to vote with your
wallet. You also have the power more
important power to vote with your feet.
You could take all of your wealth with you like this,
right? And that I believe is going to
change Humanity. So Why am I talking about this?
Check this out. This was a big piece of news
that we are. We actually covered this earlier
Phil, but this came out recently, July 11th, China
crushes, Mass protests by Bank, depositors demanding their life
savings back. This is an article on CNN
Chinese and I know CNN has bad reputation, but don't worry, I
checked it out on Reuters. I checked it on the financial
times and I checked it out and Wall Street Journal.
The reason I'm using this one too because it has the most
amount of pictures anyways, So I could show the our video viewers
anyways, Chinese authorities on Sunday, violently dispersed, a
peaceful protest by hundreds of depositors who sought in vain to
demand their life savings. Back from banks that have run
into a deepening cash crisis. Check this out and connect this.
What we were talking about with the Celsius, we were talking
about block fi it's the same goddamn problem.
You give a bank, you give an exchange your money, they
promise you security, they promise you.
You a yield right in the back. What are they doing with your
money? They're speculating with it.
Who's the one that pays the price?
You do what happens when you take Bitcoin into self custody
no one could speculate on your money period.
Anyways, since April for Rural Banks and China's Central henan
Province have Frozen millions of dollars worth of deposits,
threatening the livelihood of hundreds of thousands of
customers and in an economy already battered by draconian.
Virus lockdowns on Sunday, more than 1,000 depositors from
across China, gathered outside, Shing Zoo branch of this
country's Central Bank. The People's Bank of China, not
so much. The People's Bank of China looks
like they don't give a shit about the people so launched
their largest protest yet more than half a dozen.
Protesters told CNN the demonstration is among the
largest largest China has seen since the pandemic with domestic
travel limited by various virus restrictions on movement last
month. Zigzoo, Authorities even
restored to tampering with the country's digital virus health
code system member, we covered that film to restrict the
movements of depositors for their planned protest.
Sparking a sparking, a nationwide outcry.
Moving on the face off lasted for several hours until after
11:00 a.m. with rows of security officers suddenly charged up the
stairs clashed with protesters who threw bottles and other
small objects at them. Keep in mind what this is
saying. Zoom out.
Out security guards are beating the shit out these protesters
because the bank doesn't want to give them their money.
Whose money was it really the whole time?
Anyways, the scene quickly quickly descended into chaos as
security officers, drag protesters down the stairs and
beat those who resisted you want.
Your money will beat the shit out of you, including women, and
the elderly, according to witness and social media videos,
one woman from Eastern, strong dong Province told CNN.
She pushed to the ground by two security guards.
It's who twisted and injured, her arm a 27 year old man from
the southern city of Shenzhen surname.
Son said he was kicked by seven or eight guards on the ground
before being carried away. A 45 year old man, from the
Central City of Wuhan said his shirt was completely torn at the
bank back during the scuffle. So imagine right every time you
take Bitcoin into self, custody nvk comes out of the closet
starts beating the shit out of you with a stick.
Obviously, that doesn't happen. Right?
This is the power of self custody.
These types of situations, really highlight the power of
taking money into your own hands, right?
Your country, your bank Can't Hold You hostage anymore, right?
That is extremely powerful and look, this is history repeating
itself in the United States during the bank runs of the of
the late 1920s early 1930s. Same thing police were called To
stop the protesters, but what do the protesters want to?
They want to change of government, to they want the gas
prices know, all they want is their money back, the money that
these banks, these exchanges speculated on.
It's the same concept. Don't let other people hold your
money and if you do understand that what you're doing is risky,
it's an the government's know this.
In the United States after the 1930s, right?
One of the things that FDR did to ensure the public that your
money was safe there is that they set up something called the
FDIC Insurance in the United States and went from it back
when I was growing up, it was 100,000.
They moved it up to 250,000. Where's that money?
That's being insured coming from the government, just going to
print it. So even if the government right
Honors that right and I think there's actually the Insurance
Fund as well, right? But let's we all know that
Insurance Fund isn't enough, right?
But let's say they honor that. Where's that going money?
Going to come from, they're going to have to print it
meaning even if your money is not in that bank, you are still
going to pay the consequence for it.
Keep your money, put your money, your time, your wealth, your
energy into something that can't be debased.
And that it's very difficult to confiscate.
That's my two cents here, these types of things, this is just
happening in China. Today, I guarantee you it's
going to happen someplace else because the concept, the places
might change. But the concept is the same,
you're trusting a central entity with your money, don't you don't
have to trust them anymore. You could make the argument that
before Bitcoin you had to trust now, you don't my two cents.
Phil, what are your thoughts? Yeah, I just want to point out,
you know, the whole FDIC insurance thing, I remember when
this happened, you know. And they were trying to
essentially make everybody, you know, they're trying to calm
everybody down, trying to, he's everybody's mind, right?
Say, it's okay, we got you, you know, we're going to cover,
we're going to cover a quarter of a million dollars.
And of course, you may think to yourself.
Well, you know, who's going to have more than a quarter of a
million dollars in a single bank account, don't get me wrong, but
there are some people who do and so technically what that means,
okay? Let's say for whatever reason,
let's say you had seven hundred and fifty thousand dollars in a
bank account, the FDIC only ensures 250,000 dollars.
Something goes wrong, you just lost half a billion dollars like
that. Half a million dollars is not
insured. So what does this Force?
The individual to do. So it forces the individual now
to have to go open another account, okay?
And then you've got to transfer funds into that account.
So now all of a sudden we're introducing more complexity into
the mix, all right. And I want you to think about
this when we, I always bring this up, and I think that we
just, I don't know if not enough, people just take it
seriously or maybe it's just that, I don't say it with enough
passion, I need to, I need to learn some, I need to learn how
to do the Nico rants, okay? But essentially this time that
we give you didn't compartmentalize the time and
hand over bits and pieces of, there were no, the only string
attached that you had that we have for our time.
Is that That we gave it in exchange for this value that we
thought was ours, this value that.
We thought we got to keep this value that we thought we got to
exchange and move around when we want it.
That's not what we frickin got instead.
All we got was a bunch of very complex, strings attached, that
made it so that all of a sudden we now no longer Any control
over our money and this situation that you brought up in
China. I know the people sit there and
go. Well, that's not going to happen
here. Let me tell you something.
Four years ago, I didn't think that you could lock down entire
countries. And then we saw a whole, we saw
a good portion of the world get locked down.
So for the people who think that these things can't happen, or oh
no it's okay because I can always keep control.
I don't do anything wrong, they're not going to stop me.
The banks aren't going to stop me from getting to my money.
You can't think like that. We saw what happened with the
Canadian truckers we're seeing what's happening in Sri Lanka,
we read what's going on in China.
What more do we need to realize that self sovereignty of our
time value? This is the only answer we have
and Bitcoin is the only tool that provides this escape hatch.
So, Bitcoin you're muted, 100%. Literally there is no.
You know, the examples kept keep being shown now, we have a
solution. It's time to act like we're at
that point, right? Take self custody.
What I said in the beginning, the revolution is self custody.
If enough people do it, we went anyways.
Phil it's time for the daily fail brought to you by Swan.
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So look, we all know, you know, we've harped on WTF happened in
1971, right? We know that Ben Prentiss
heavily-armed Cloud. They've got that awesome website
that details all of the debasement and the ridiculous
Federal Reserve treasury Shenanigans.
All that stuff, this was something interesting that I
wasn't. Beware of.
So I Gotta Give a shout-out to the WTF underscore 1971 account,
and I think that they make an excellent point here.
What the fuck happened to marriage?
This is kind of weird because look at this.
We were we were doing okay. We were doing okay.
And then all of a sudden we get to 1970 1971 in this thing turns
into a freaking hockey stick is it possible?
The debasement all of a sudden made it so that people realized
like, uh, I'm going to need more, I'm going to need more
than just dollars to stick around.
I don't know, maybe people need to revisit true love.
I'm not really sure. All I could say is marriage
should not have been destroyed, okay, with the debasement of the
dollar. So this is scary stuff.
We can see that. The Ripple effects do not just
affect money. They affect our livelihoods,
they affect our relationships, very scary stuff.
Anyways, I'm afraid to see what that chart looks like in the
future Niko. You have any thoughts on this
before we move into the the Deep?
Yes. Oh Dude, I think that just
looking at that data from a single point, you're just like
Nico that's a coincidence, right?
But if you go take a look at the website, what the fuck happened
in 1971? That's a lot of coincidences,
right? And they all start it, like
listen, whether it's the salaries, right?
Salaries have an increased really since the 1970s right,
whether it's the house ownership, whether it's all
these things start going wrong, all these It's like the
wealthier, get wealthier, the poor get poorer, everything
really started happening in 1971 since they started debasing the
currency, very strange. And I some people would like to
say and I would like to make the argument to the US defaulted on
its debt in 1971 and they're just like, you know what?
Yeah, our dollar isn't backed by anything.
It's fine, you guys could fuck off and in the beginning it
worked out just fine, look at the 1980s but Time right?
Started breaking things and you could even make the argument
right? That the moral decay of society
that we're seeing today, right? We don't like to talk about
social issues on the show but hey, if you're, if you're not an
ostrich with your head in the ground, you're starting to see
some things that are very weird, right?
That has happened before. Read the book, when money dies.
Right? What was happening in Weimar
Republic, you know, bright leading up to the hyperinflation
and read and look into To what was happening at the end of the
Roman Empire, very, very similar things, and what happened at the
end of the Roman Empire, they were debasing the currency.
It might not be what the Fiat that we have today, but the
actual gold or silver percentages, and coins in the
Denari, started to go down, right?
So you could make the argument that Phil, perhaps write that as
more the money gets disconnected from reality, the more perhaps
people in a Just levels. Start to feel it.
Maybe start acting on it as well.
Maybe I'm crazy. Anyways film, what is the Big
Kahuna? All right, here we go, let's
dive into it. Let's dive into it.
I got to do some. I'm going to do some screen
share here. So give me a sec.
Still getting used to this week. We changed our scream and just
gotta get used to it here. Okay, let us know down in the
comments. What ya think of the new
software we're still messing around with it.
The green screen, things are going to still try to get them
to work, so bear with Us. We will figure it out.
Aw. Sorry guys, new software and
we're getting used to it. Okay, so so let's dive into some
shit coining. That's right.
It is a brand-new week. We need to spin up some new
narratives, because, guess what? You can't just have this money
disappear. So let's get started.
And let's take a look here, we've got a tweet from Ryan,
Wyatt who is who is Ryan White, he's the CEO of polygons Studios
madam Anyways let's take a look right because apparently even
though Tara Luna rug pulled and destroyed you know a whole bunch
of value it looks like there's some projects on it that still
need to be saved. Anyways let's dive into this
Tara projects have begun migration over 48 projects and
Counting including at one planet nft.
An exclusive at 0x polygon, Marketplace and Derby Stars
underscore HQ. It was so awesome to help and
Welcome, all of these wonderful developers to our thriving
ecosystem. Of course?
Right. It's fantastic stuff.
That doesn't need to be money stuff.
That doesn't need to be an investment.
Hey, don't worry about it, you were on a rug pulled platform,
it's all good, we're going to move you over to our platform
what could possibly go wrong. Anyways, let's dive a little
deeper into this and see what they're saying.
So how polygon is taking advantage of this latest Exodus
from Terra? All right we're Be putting
capital and resources against these migrations to welcome the
developers and their respective communities, right?
Always, always the inclusion from the shit coiners, right?
Everybody's Kumbaya we're all working together.
That's right. We're all working together
except none of us are actually working on bitcoin.
Anyways. We are opening our arms to all
who want to come over a lesson learned in the Tara collapse, is
that it's very wise to be on an evm compatible chain.
Ali, so that you don't have to rebuild.
So I just hope that whatever developers go, they go with evm
in mind for longevity. Okay?
So listen, this whole evm garbage.
This, this is just a theory. Mm crap, okay.
And we all see that aetherium is broke AF, okay?
It is just complete broken garbage.
And I think that this is just absolutely ridiculous.
A ridiculous narrative to draw attention to this chain.
That Nobody cares about the other piece.
I want to point out that this is that coming from the corporate
background. I can tell you that Lessons,
Learned bullshit, that is Corporate speak.
That is Corporate speak for we screwed up because you know we
didn't pay much attention. So now we're going to use this
term in order to validate that we've understood what the
problem is and we're going to fix these things going forward
but you need to ask yourself, is polygons really safe, is it?
It really safe. It was on the wrecked.
Leaderboard number two, on the wrecked leaderboard for 611
million dollars for August of last year and let's just take a
quick look. Okay.
We're going to take a quick look at this article here just to
remind everyone. We may have some new viewers,
maybe they're not aware and they're thinking oh look at
that. Look at this shit coin.
They're so welcoming hackers stole at least 600 million in
poly exploit across three chains.
And that's right. So if you have one of these 48
projects that comes over, who's to say that project isn't going
to get rug pull, we have no idea and you're only going to find
out once the damage is done very, very dangerous.
Alright, so here we go, just a just a quick recap here.
Okay, so the hacker that pulled this exploit posted three
bizarre messages through transaction records on a theory.
Mmm. According to the data from
either scan. This is one of the message, it
would have been a billion dollars.
If I had moved remaining shit coins, that's right.
He called them the hacker called them shipped home.
Did I just save the project? Not so interested in money.
Now, considering returning some tokens or just leaving them
there. Okay, now guys, I want you to
think about this, I want you to think about this very carefully
because again, this is, this is part of the partnership.
Parade that I always talk about with the shit coins, it's meant
for you, to feel the warm and Fuzzy's.
Okay, so you read this type of information and you say to
yourself, it's okay this is a supportive ecosystem and they're
just going to move over to this more resilient platform.
This is not the case. This is centralized garbage
polygon is centralized garbage. The chains that are going on to
polygons are also centralized garbage, which can absolutely be
rug pulled and we showed you. The second biggest rug pull in
the history of rock pools was on this chain.
That these projects are going to don't be fooled.
This is crap, nobody needs this. Okay, take the Bitcoin.
This is, this is all just a part of the partnership parade and
nothing else. None of this needs to be money.
None of this needs to be pretending that it needs to be
money. If this technology actually help
had value, they would be able to go through VC's.
They would be able to present the technology.
They would be able to show how it offers value, how they are
able to create a proper product or service and how this product
or service would be able to sustain itself.
But it can't. Okay, so really what you're
seeing, even though I know it looks all Kumbaya, this is just
cannibalizing. That's all it is.
They're simply just taking the crap from these other projects
which already failed. We already covered the Luna Tara
collapse multiple times and they're trying to make it look
like. Hey, we've got this Safe Haven
where we can create value for you.
This is nonsense and it's bullshit, and you're going to
see in three to six months. Were most likely going to be
covering a rug pull from one of these 48.
Eight projects that no one ever heard of Niko.
I mean, I know that we covered polygon so many times, but I
just found this just so absolutely sickening because I
remember when we had the bear Market of 2018 2019.
And I remember seeing this same partnership Parade from all
these different shit coins. And I remember because I was a
shit coin or two, and I had just gotten wrecked and I wanted to
believe, you know, so I would see the same type of messaging.
And I was like, you know what, it's going to be okay because
everybody's cooperating and guess what?
None of those projects ever came to be anything.
The only project that I needed to pay attention to, which I
ended up learning the hard way was Bitcoin.
Any thoughts on, you know it's just pointing like chick
pointing but yeah, you absolutely, you know, Phil
bringing the hot fire. Like always fill the shit coin,
Slayer slaying shit coins. You die.
You know what, in the beginning, when we used to cover these It
was I would always ask myself like hey like you know like holy
crap, maybe this is noise but after time went by and we
started getting comments like dude you saved me I realized how
important it was and then it started to make sense why we
doing this on a Bitcoin show? One of the hardest things in
Bitcoin, right? Is convincing people.
Why Bitcoin? Why not shit coins?
Because the unit bias is so strong.
And people get inside. Oh I'm only going to get point
zero zero, zero one percent of Bitcoin where I can get, you
know, 500 polygon right. And they make this false thing
and this is not helped by the mainstream media.
Also the Legacy Media, better said that, you know, when you
see, CNBC, they'll put Bitcoin aetherium, xrp, xlm all in the
same screen and if you don't know anything about crypto, I
hate using that word but you're just like, oh, it's The same,
there's Bitcoin and then there's crypto, there's Bitcoin, then
there's shit coins, there's Bitcoin, there's altcoins
they're not equal all these things, all these shit coins.
What a lot of people don't realize is that they've
sacrificed decentralization for other features whether that's
faster transactions. Whereas whatever.
So, what is the revolution? Remember what we just showed
you, the example of China, right?
If you want to separate money from State and it's not to Sighs
eventually inevitably, it will be captured by government.
The only thing that stands a chance is a truly decentralized
cryptocurrency in the only one that exists.
Today is Bitcoin. If you look at aetherium, we've
gone over this many times, right?
Not only does one of the board members sitting on the Ethereal
Foundation. That makes no sense, right?
She sits on the world economic Forum, right?
But not only, That 70% of etherium nodes run on Amazon web
services. So when you're looking at
etherium, what you should really be doing is thanking Jeff Bezos
because he's running most of their notes or sorry better
said, it's 40% running on AWS. 70% are running on servers so it
could be Google right still, does it change it right?
If you look at xrp, right? Same thing, most of the node
equivalents are run by xrp, right?
Not to mention the pre Minds. I XR p and aetherium right
Solana for example, got shut debt.
Literally shut down two or three times this year, right?
They froze the blockchain. They actually were going to vote
to, to redistribute wealth. To make sure that the very
wealthy guy in Solana, didn't dump on everybody else.
So they're not decentralized. And if you want to take the next
step in human evolution, Ocean. The next step in human history,
you gotta separate money from State just like church and state
or separated 100 years 200 years ago, right?
Same concept, right? It's reached its Pinnacle, it's
reached its utility booked, a sovereign individual touches
upon this, right? We got to move on as individuals
as Humanity as a species. We got to utilize the power of
the internet and we got to use Bitcoin and able to take
advantage of that future or The same things are going to keep
happening which is the same things that happened in the
Legacy system are now happening in the shit coin system.
The the, the bank runs rug pulls the fact, the fraud, the same
shit on a conceptual basis is happening and should coil and
that happened in fear land, right?
That Fiat patched over with regulations right to stop those
front. Now Bitcoin, right?
Right? If you take self custody of your
Bitcoin, what is the disadvantage of that?
The disadvantage of? That is the five dollar wrench
attack if someone physically attacks you because they know
that you have some custody of your Bitcoin, that's a big type
of attack. There's no perfect solution.
There's mitigations geographically separating your
multi cigs, right? Your signatures, right?
That's a good solution, right? Having a dead man, switch.
Right there. There's things that you're going
to have to think about and this all goes Back to bitcoin, the
Bitcoin Revolution, only happens, only works if people
start taking self personal responsibility because before
they were Outsourcing that personal responsibility in the
storage of their wealth, to these powerful institutions that
keep breaching that trust and just happen with China, right?
And it's going to keep happening because on a conceptual level,
it's a bad architected system that you could have made an
argument that was necessary. Now with Bitcoin it's redundant
it's it's I don't know what the word I'm looking for fill it is
obsolete up so yeah, sure, absolutely boom.
But anyways, fill time for the daily meme review brought to you
by Citadel 21st. Best Bitcoin cultural scene is
stories articles Comics by actual bitcoiners is the artwork
for volume 11. This is the artwork for volume 2
and this is the work for volume 11 volume.
Volume 12:30. Yeah, Vol 12 just came out.
I'll show it to you guys. When I get back to Miami.
They're scarce is only 1,000, physical copies per volume.
So make sure to get your prints of Citadel 21 today.
All right, everybody. Welcome to the daily mean
review. Where we review Bitcoin memes
memes, not only playing a central role in Bitcoin culture,
they play a pivotal role in this narrative, trench warfare that
were fighting every single day against governments and central
banks. Anyways, moving on.
The first one, Speaking of government memes the public
economic collapse, it's their crayons or coloring on the wall.
He did it free market. It's so true.
Wow, it's so true dude. And it reminds me of one of the
things that we're seeing in the younger generation specific in
the United States, is that they're calling for more
collectivist ideology, right? And failed economic models,
right? Because they've been so
disillusioned with capitalism. But in reality, it's like, It's
crony capitalism and the capitalism hasn't been able to
the free market hasn't been able to function, because the
government intervenes. And then another misconception
is that, dude. The US, the US economy is not a
free market economy. I would even it's essentially,
dude, it can't be that the FED has to switch to dump the stock
market and then when they print money, the stock market grows
that sounds centrally planned to me, it might be not 100% Central
plan but that sounds Like a dude, it sounds like a
command-and-control economy. It doesn't sound like a free
market and a free market that shouldn't be allowed, right?
It's like Solana saying oh so on has set a decentralized and then
then being shut off right. It's it's so stupid.
Anyways, moving on. Sorry I get carried away.
Next one. Bye Greg this is his second
account. Greg Zack do.
Stay humble stack stack just stick to the plan.
This is the famous bell curve. He's the very dumb guy like me
and fill the 55 IQ. Stick to the plan.
Then in the middle of the curve, right?
Is 100 IQ, people know. You can't just stick to the plan
and achieve all your goals and then the very smart people, 145,
stick to the plan and then a pleb did a, that a new one.
The very dumb people, stay humble Stacks at stick to the
plan, the 100 IQ people, my star will continue to rise.
It's Nick Carter and they put Nick Carter's hair on there and
then the 145 stay humble stocks at that is a great meme.
All right, moving on the lizard people shout out, Marty bit, I'm
gonna give it a Like we debased their currency and destroyed the
nuclear family and told them the patriarchy and climate change
are the problem. Ha ha ha.
It's so true. Matt connect this with what
happened in 1971, that that data point that feels showed you and
the fail the media when Biden sends millions of barrels of oil
to China amid an oil crisis. The media, when you donate $25
to some truck. It's so true guys.
We don't like to take a political stance but I'm going
to say it feel. I can't contain myself, okay?
Hunter, Biden pictures, and it's literally no media is talking
about it. Like come on these Elites have
different rules as nothing to do with left or right like hey I
think it has to do with the establishment versus everybody
else. It's such BS.
Anyways, next one by battle Aunt blockchain without Bitcoin.
It's the car and all right. Last one by brekkie.
Bitcoiners bouncing back from the thud.
I'm not going to play the audio but a chick doing crazy stunts.
Jumping off a balcony and a ledge.
Yeah, it's true. It's true.
Bitcoiners don't care about the fuck.
If you still care about the fun, you have not graduated yet.
Anyways, for those memes. I'm going to give it.
Hey, let's cut. What about you feel?
Yo, hey short, dude. The power just fucking switched
off all good. Sorry, I just rated the meme.
What would you give those memes? Phil?
Oh, well, you know what? Lucky for me I did see them
before. So I am going to give them these
very helpful and awesome Burton earplugs who fancy See very,
very fancy, very fancy for some awesome memes.
Anyways, guys, we want to know. If you're with our scores, you
disagree. Why don't you arrange?
The meet rate? Mean yourself down in the
comment section and it helps us with the Al Gore Rhythm.
So plead put all these Goods that I think it's funny.
And of course, make sure to subscribe to us alternative
video platforms like Rumble.com. My personal favorite Bitcoin
tv.com. Join our telegram group do it
right now. It's a party in there and you
can link us some awesome memes to review on the Bitcoin review.
And yeah, if you're tuned in to the audio version on Twitter
spaces, make sure to stay until after the show where Jacob from
Swan and our own Optimist Fields going to do a live Q&A and
hangouts going to be awesome. But anyways, Phil, it's time for
the daily know. There was an open source,
software release, anyone eat everybody about it.
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All right guys we have got a great great website by plebs and
this was shared with us with fellow Bitcoin.
ER it was Chris alaimo that shared this with us right?
And let's go take a look. Here we go guys, this is the
best version of real. Vision.
So for the people who don't know, real Vision, right?
We're making you know we're talking about real pal and all
of these, all of these Schiller's of where's that
people don't need. So I don't know who made this
website but it is absolutely fantastic.
New real Vision.com. The link is going to be down in
the show notes. Here We Go real Vision buy
Bitcoin first then review this simple diversification strategy
here we go also Bitcoin but in Block 2% also between put in
blue 2% also Bitcoin but in 2% also before But yellow 3% also
Bitcoin but in green 6% in cyan 11% in purple 14%.
So as you can see, it's all just Bitcoin and you know all joking
aside that really is our diversification strategy because
there really is only Bitcoin and shit coins and should coins are
not Bitcoin. That's why the shit coins
anyways. Anyways we digress and now we
are going to go where we going Nico.
Not I'm gonna tell everybody about the audio, only platforms
that we have, okay? So don't forget to check us out
on our Audio, Only platforms, Apple podcast, Spotify and
anchor. If you want to stream assets,
check us out on Fountain dot f m, you can stream a sax through
Breeze. Awesome.
Thank you Phil. All right, guys, before we go, I
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That was our show. If you enjoyed the show you
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Let perspective definitely See you tomorrow guys for brainy
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Bitcoin fixes this. It's