Latest / Simply Bitcoin / Does the Establishment Left Hate Bitcoin? | EP 440

Transcript

Does the Establishment Left Hate Bitcoin? | EP 440 · Simply Bitcoin

0:00
I don't believe sufficient evidence a good money against
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before we take something, almost the names of government.
0:08
Welcome back. Everyone.
0:10
It is the weekend edition of Simply Bitcoin, we break down
0:13
the news. The daily fail meme review,
0:15
software releases, Hardware releases and the websites by
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plebs. We are diving into the numbers.
0:23
Let's do it. Nico brought to you by Bitcoin
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The block height is 720 4917 the Bitcoin price 38,000 865 chain
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1:01
Moscow time 2573 blocks to The Happening 115,000 83 and the
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Samurai Whirlpool is a coin or collaborative spend service.
1:20
Nico weekend edition numbers weekend edition numbers bro I
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use look in the did you see it was absolutely hilarious.
1:29
You You saw the gold bugs like cheering because Bitcoin dipped
1:33
and gold rose and then literally a couple hours later it was gold
1:37
that dipped and Bitcoin rose again.
1:41
But dude the reason I'm bringing this up is because you know
1:45
we're going or we're living through in my opinion.
1:49
Right. You know a country hasn't been
1:52
invaded by another country to quite a bit of time, right?
1:57
And the fact that build that Bitcoin is holding These prices
2:01
with all the uncertainty going on in the world right now.
2:05
I think really highlights the strength of the network and not
2:09
only that, right? The hash rate also write making
2:14
an all-time high and again you know less than a year ago was
2:19
when the Chinese Communist party Band Bitcoin North in its
2:22
territory. So dude, again, you know, I
2:25
think it's really easy to get lost in the numbers, you know,
2:28
in the everyday You know, valleys and Peaks.
2:32
But dude, I'm very very bullish just because Bitcoin dude.
2:38
It really it really proved its resilience at least to me of
2:41
course that's a personal opinion anyways.
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Fill right. On cue.
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Oh yesterday I said that they were going to use.
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I said that the conflict in Ukraine was not a danger to
2:54
bitcoin. However, I did say that the
2:57
establishment was going and and the propaganda arm of the
3:01
establishment was going to use the conflict and UK and Ukraine
3:06
as an excuse to attack Bitcoin. It was the New York Times the
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New York Post and CNN. All released articles around the
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same time that said essentially the Russians those those those
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scary dirty Russians are going to use Bitcoin to go around
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sanctions right and right on cue.
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You, you have the vampire. Christine Lagarde head of the
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European Central Bank and she's a convicted felon.
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I might add. She is urging haste on crypto
3:40
regulation and wake of Russian sanctions.
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If your union union should move quickly quickly to approve,
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cryptocurrency, regulation that prevents Russia from evading
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sanctions after invading. Ukraine there, there are always
3:54
criminal ways to try to circumvent a Prohibition, which
3:58
is why it's so critically important ain't that a mycaa is
4:01
pushed through as quickly as possible.
4:03
So we have a regulatory framework and here is a group of
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six member States including Germany, Italy, Spain.
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Also want to include cryptocurrencies under the
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supervision of the new EU Authority for the anti-money
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laundering. Now, a couple points here,
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right? Russia hasn't been taken off the
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Swift system. Why?
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Because Europe would go cold because they're buying natural
4:28
gas from Russia, but of course don't pay attention here.
4:32
Pay attention to the dirty dirty shadowy super coders and their
4:36
currency of caught of choice. Bitcoin, you must be paying
4:40
attention to that. But yeah, dude, it's what I told
4:43
you yesterday that these people are not going to let a crisis go
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to waste. They're you they're using this,
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they're using this new narrative, as a way to Tactic
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going. Now, I think governments and the
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central bank people that really owned these government's.
4:56
They're going to have a really rude awakening when they find
4:58
out. Yeah, you could possibly
5:00
regular. I know not possibly, you could
5:02
regulate the on it on and off ramps.
5:04
We know, that's for sure, but you can't regulate Bitcoin once.
5:09
People are in the Bitcoin, ecosystem, your rules do not
5:13
apply here, right? And they're gonna have to
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swallow it, right? And I think that they haven't
5:18
come to terms with that. I think that they haven't fully
5:20
Fully appreciated that because the way that Christine Lagarde
5:23
has been talking about Bitcoin, calling an escape valve and the
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way that she's, you know, right here, she gets all giddy and
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excited, you know, regulate them.
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I think that's how banks have been used to essentially,
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stifling and destroying competition.
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Right? Is by by, by constructing this
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huge regulatory motifs around them.
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And the regulate, the companies to death, they did that to
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Paypal in the early 2000s, right?
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But they can't do that to bitcoin but they're trying to,
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and it's just funny, right? Like it's funny.
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It's like why can't we kill this thing?
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This thing won't go away. So it's funny to see the
6:00
reactions. This means they're winning the
6:02
flank is heaviest over the target.
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So yeah, man, this is bullish. But again, I suspect, especially
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if things in the Ukraine escalate, they're going to keep
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doubling down on this because it's such a juicy attack.
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Vector, those, those dirty, angry Russians.
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You know, they're going to use Bitcoin.
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Forget about the banking system and how corrupted is no.
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Forget about that. They're going to use Bitcoin
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specifically to skirt tail, these the sanctions those dirty
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evil Russians. That's what they're going to do.
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Like it's just so it's comical bro.
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It's comical. Phil, I am looking forward to
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the day when they've see, because look, let's be honest,
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right? What's gonna happen from this
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crypto regulation, right? They're gonna, they're gonna
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destroy all the shit coins, right?
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And they're going to be left with just Bitcoin, And they're
6:50
going to sit there wondering why all of this regulation, all of
6:53
this money that they've wasted printed and wasted, why hasn't
6:57
it stopped Bitcoin? Hey, just don't get it.
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And it's so funny and it's hilarious because she's a
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convicted felon, it's even funnier.
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Because we had Ron Paul here with the kyc AML stuff and we
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show that all these regulations, all they're doing is wasting our
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money and our time pretending they are LARPing, they are
7:19
They're essentially their LARPing about what they about
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what they do for a living and LARPing is live action role
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playing for the people that don't know.
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And that's exactly what they do. These people wake up every
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morning, they put on an outfit and they LARP all day long.
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It's just hilarious. Anyways, good luck to them,
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right? Good luck to Christine Lagarde.
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The other piece I wanted to say was to your point, Russia hasn't
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been taken off the Swift system and we all know why, right?
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We all know that it has to do with the energy.
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So Why are they blaming Bitcoin again?
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Why, why do we need this regulation?
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If this is, It's comical and I call it.
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Did I call it? Or did I call it, bro?
8:00
I called it. I saw, dude, we read that in the
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New York Times Are somehow this has to do with Russia.
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If you buy Bitcoin, your funding nuclear weapons in North Korea.
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Like, dude, it's like when I saw that I was like, oh, Jesus Lord.
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I know what they're gonna do and right on cue the next day.
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Christine Lagarde, you got a A Bitcoin shit coins because the
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angry Russians are going to use it.
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Like come on dude. Did Russia even threatened to
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use Bitcoin? No, no.
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The I don't even think they mentioned it in money in this
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context in anguish. They want to stop Russia,
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perhaps maybe these ESG and environmental policies that shut
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down all the nuclear power plants and made Germany and a
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lot of Europe reliant on Russia, perhaps.
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But it's like it and it never, they can never work on
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themselves. It's never an intro.
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Aspect of thing. It's always looking out and it's
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like that must be regulated that must be controlled.
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This is the first time these Bankers these bureaucrats have
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ever had competition. It gave they're getting
9:01
competition from a better money and instead of competing and
9:05
making their money better, they're trying to just kill it.
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They're trying to use coercion to be like, don't look over
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there, got Bitcoin is evil. Bitcoin is bad for the
9:13
environment. But here's the thing, I think
9:15
that this works in the short-term Phil.
9:17
But I think over time If there it's not going to work this
9:21
propaganda only works so well. But if the honey badger keeps
9:24
living if every, 10 minutes of block keeps being found, the
9:27
fact that that's happening. It's just one big middle finger
9:30
to these parasites bro and eventually you know, the rubber
9:34
hits the road and you know they're going to have to do
9:36
something right. But just watching them squeamish
9:39
and trying to use coercion to try to get their way, is
9:43
absolutely hilarious. But anyways, it's time for the
9:46
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Wait, stop sounds. Alright, I'm just going to
10:06
preface this fail with both of the fails that we're doing with.
10:10
They're going to be cringe AF. I apologize.
10:13
Let's dive into it. The first one, no, big story.
10:16
Just wanted to make everybody cringe.
10:18
This was shared with us. By toxic at who's actually going
10:21
to come and join us on the show fellow Bitcoin.
10:23
ER and yeah. Apparently apparently, if you're
10:27
in nft scammer and you're looking for some love, check
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this out. The lonely ape dating club, and
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exclusive dating app for the be a YC owners meet like-minded Des
10:41
gens from your favorite web three community and I always
10:45
loved how you notice how like in the last six months.
10:49
Be single one of these shit coiners, puts web 3 and
10:52
everything. It's it's like the propaganda
10:55
machine that Nico was just talking about.
10:57
If they say it enough times, eventually, everyone will just
11:01
assume it's real. This is not web three, they just
11:05
keep writing the word web 3 anyways, moving on to the meat
11:09
of our fail. That's right, there's nothing to
11:11
this this is just garbage. Anyways, moving on to the meat
11:15
of our fail. Never let an opportunity go
11:19
unused right? As Niko indicated, even in the
11:22
previous segment, well, guess what?
11:25
There's always a shit coin. Ready to take advantage of a
11:30
situation. What am I talking about?
11:33
These centralized data storage solution.
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AR we've archives millions of documents from Ukraine.
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That's right. Enabling trust minimized and
11:42
censorship resistant data storage.
11:44
AR, we've is generating a permanent record of the events
11:48
in the country. So here we go.
11:50
Shit coining to the rescue, right?
11:52
We're going to dive into this, though.
11:53
It's pretty entertaining Community owned and operated a
11:57
are. We've is archiving me.
11:58
Ends of documents from UK from Ukraine generating immutable,
12:02
historical records of what is currently happening in the
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invaded country, ER, we've stores.
12:06
Its data in sets of blocks that are linking to multiple previous
12:10
blocks from the network forming a structure called block.
12:14
We've very clever, it's not a blockchain.
12:17
It's a, it's a block we've anyways, with over 900 nodes.
12:21
In operation, the decentralized data storage solution is
12:27
leveraging more. More than censorship resistance.
12:29
That's right. People there is more than
12:32
governments, not being able to stop you from, from feeding,
12:36
your family, and clothing yourselves that there's more
12:38
than that as the Network's economic mechanism, ensures
12:41
permanence by backing data with sustainable and Perpetual
12:44
endowments so far. The AR we've Community has
12:48
archived over 5 million documents from Ukraine Sam
12:51
Williams. Recently wrote on Twitter
12:53
extending his heart to those affected by the conflict.
12:57
According to Are we've found, ER, and CEO?
13:03
The block we structure enables the network to enforce minors,
13:07
provide a proof of access. That's right.
13:11
POA. All right, we're going to wrap
13:15
the article up and then we're going to dive into this.
13:17
A are we've crap. Once included in the network
13:20
stored, files are easily accessible from anywhere in the
13:22
world at any time with nobody including their original,
13:26
uploader able to alter them in any way forever.
13:32
Hmm. As long as you buy our token.
13:34
Hold on, hold on. We're gonna yeah, let us know
13:37
before we move on. Right, let's take a look, right.
13:40
We've got the a, are we founder and CEO.
13:44
So there's a central point of failure.
13:46
That means we're talking about a corporation.
13:48
But up here, they're talking about decentralized data
13:51
storage. Mmm.
13:54
I don't I don't know if I buy that.
13:56
Okay, let's move on. We're going to go to app deal.
13:58
We're going to take a look at the backers of a our weave.
14:01
No surprise here. We've got a 16z multi coin
14:04
Capital, coinbase Ventures. There's no shock here.
14:08
All right. Let's continue on.
14:10
We're going to dive into what is a our we've a are we've is a
14:13
protocol that allows you to store data permanently
14:16
sustainably with a single upfront fee.
14:19
Hold that thought for a second here we're going to go take a
14:22
look at their faucet store data on the Perma web for free.
14:26
You first need and this is where I learned about the shit coin.
14:31
You first Need some a are we've tokens which we'd like to send
14:35
you for free together with a wallet.
14:39
And then of course, because let's be honest, right?
14:41
You're buying, these are you're getting these tokens for free to
14:45
then pay to permanently put data into this Block Chain, which is
14:50
owned by a company. The AR we've company that does
14:54
have a CEO and founder, there's really nothing else you can do
14:57
with it. But they've added some
14:59
functionality. There is profit sharing tokens,
15:03
that's right. Profit.
15:04
Sharing tokens. Pst's are a simple mechanism
15:07
built using smart wave that shares.
15:09
The proceeds of any Revenue stream on the Perma web.
15:13
A revenue stream can be anything from a Perma web app or a
15:16
website to attention rewards from a mean by minting, a
15:19
profit-sharing token for a revenue stream users and
15:23
developers are able to trade proportions of future profit
15:25
from the assets by trading. The That sharing token itself.
15:30
I don't I have no idea what I just said to you, no clue.
15:34
This is completely ridiculous nonsense.
15:36
Anyways let's continue on here last but not least they said
15:41
that it's decentralized. Can't be stopped, it's
15:44
immutable. Okay.
15:45
So here's the picture says it. All you go.
15:50
Here's your decentralisation apparently 90% of the nodes plus
15:55
are all in China. Okay.
15:57
So Let's see here backed by a 16z, all the nodes in China and
16:03
all this immutable data from Ukraine, being stored and saved
16:09
right during this terrible time. Okay.
16:12
So look I'm just gonna say it. I see them as seeing this as a
16:17
marketing opportunity for their shit coin and they took it and
16:22
it's cringe as fuck and it's embarrassing and that's why I
16:25
didn't dive into all the technicals about it and I just
16:27
wanted to show everyone. The overview of this total shit
16:31
show. Anyways, Nika, AR we've helping
16:36
Ukraine, but listen, you gotta give it to the shit coins and
16:40
their use of very good names, okay?
16:43
They continued on that pattern. And again, just like the
16:47
transhumanist, just like the kid token, dude, they really like
16:54
they, like, the shit coins, dude.
16:56
Like they never, they never never.
16:58
Miss an opportunity to capitalize on a trend.
17:02
Okay, it just happens that this trend happens to be about this
17:07
terrible War happening at you crate.
17:09
Doesn't matter. That's an opportunity to out
17:12
we've. But, yeah, look, again, like all
17:14
shit coins. Dude, they try to sell you on
17:16
the tech, but once you do a little bit of digging, right?
17:19
Once you find out what's behind the curtain, right?
17:23
You realize you realize that, you know, it's centralized
17:27
garbage, right? Do you know this shit coin is no
17:30
different. It just they happened to be
17:32
telling you that you know somehow you need this storage
17:37
solution that you need a token for to buy and use which is not
17:42
really a safe storage solution. It's just a bunch of fucking
17:47
garbage bro. It's just garbage and garbage
17:50
and garbage garbage piled on top of about garbage, piled on top
17:54
of each other. And look all the shit coins are
17:56
like this, okay? If You look behind the curtain.
17:59
That is what you'll find. Okay.
18:01
Just garbage and most likely next that garbage you're going
18:04
to find a 16z right next to it, right?
18:07
It's garbage and a 16z. They had a baby and that is your
18:11
shit coin, anyways. So yeah, I just wanted to point
18:15
out to what you were saying, they always need use cases,
18:19
right? Like, for some reason, the token
18:21
like, if it actually was worthwhile, which it's not, they
18:25
wouldn't need to sell you all this other crap.
18:28
But There's no use for it. There's actually no use for it
18:31
except to get you separated from your money.
18:34
So the next thing they do is create this idea of an
18:38
ecosystem. Do you've got profit-sharing
18:41
minting, we've got an F, TS we've got the, it's they have to
18:45
constantly bring you a bunch of features.
18:48
And let me tell you something. When people are selling you,
18:51
that amount of feature sets, you need to question.
18:54
What is at the core? You really need to question,
18:57
what is at the core because Does that amount of feature sets
18:59
means they're hiding a bunch of, they're hiding a bunch of like
19:02
you said, just garbage and nonsense.
19:04
Of course, I just I feel bad for people that get rug by this
19:08
totally and I think you made a really good point, Phil, which
19:11
is all those feature sets and one of the things that we always
19:13
get in the comments, right? You always get that one should
19:16
corner here and there Bitcoin is slow Bitcoins a dinosaur these
19:21
123 shit coins are faster. They have more capability.
19:25
Bitcoin is the Way It Is by Design.
19:28
Because if you want to add all this functionality, that means
19:32
the nodes are going to need that much more resources.
19:35
And if the nodes mean have that much more resources, that means
19:39
you're going to see a centralization of things because
19:42
not that many people could afford those Nords.
19:45
Those nodes with that much resources.
19:47
That's why the four cores are so important.
19:49
That's why Bitcoins block size has to say, the way it does
19:53
Bitcoins about 13 years old. The total blockchain that The
19:58
amount of data that's in the entire Bitcoin.
20:00
Blockchain is about 300 gigs plus right?
20:04
So 350 360 right? All of Bitcoins history since
20:08
its Inception, fits and 350 gigabytes.
20:11
Which means that anybody with a one terabyte hard drive or a 500
20:15
terabyte, hard drive could now run a Bitcoin note when you have
20:19
with the theory mm you have with all these other shit coins.
20:22
Aetherium last time I do it. It was like Lop tried to like
20:25
download the whole thing. It was like seven.
20:27
It was like 17. Lights not to mention the CPU
20:31
resources that you need. You can't run it on a Raspberry
20:34
Pi. The Raspberry Pi will literally
20:36
combust, right? First of all, because of italic,
20:39
you'll have nightmares. I comment a like and I will
20:40
combust right in the second is because the etherium so resource
20:43
intensive. So again, it's a
20:46
mischaracterization. It's a marketing Ploy.
20:49
They're like look, pay attention over here.
20:51
Don't look back. Don't look behind the curtain,
20:54
right? We just happened to be annoying
20:56
as fuck and always look back. At behind the curtain.
20:59
In fact, we have a whole section that should be renamed.
21:02
Look behind the curtain said of daily fail.
21:05
So anyways, I'm just kidding. I'm kidding, it's a bad joke,
21:08
but yeah, like another shit coin.
21:10
Great name. Awesome marketing opportunity.
21:13
These people have no morals. Don't give them your Bitcoin.
21:15
But anyways, Phil, it's time for the daily mean, review brought
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to you by sitting out 21, it's the best Bitcoin cult Rosine its
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stories articles Comics by actual bitcoiners.
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This is volume. 10. This is the artwork for volume
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10. Every a volume as different
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artwork by a different Bitcoin or this one's Bad Assets
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day and a Halo microphone. All right.
21:45
So this meme is a little bit of Insider mean but I'll don't
21:48
worry. I will explain it to you.
21:50
This is the US government and this is bitfenix.
21:54
This is referencing the you know the the seizure that the u.s.
21:58
Government was showing off last month or a couple weeks ago
22:02
Where They seized 100,000 Bitcoin from this couple in New
22:06
York. This is bit for neck saying.
22:08
So I was wondering when we can get those 100K Bitcoin back,
22:12
don't worry later. And this is the US government.
22:14
Remember, I asked that question when that episode came out.
22:17
I wonder how what the process is going to be like for Bittman X
22:20
to get their Bitcoin back. Anyways whoa the fortune cookies
22:25
here really are more accurate, you can't A Ponzi.
22:29
That's absolutely hilarious. By the legendary Greg's, a great
22:33
next meme by Hong Kong and one you've been preaching about
22:36
Bitcoin for six plus years but your friend buys a shit coining
22:39
set its Bitcoin. Only shit Corner.
22:42
Ha ha ha that's hilarious. Very true.
22:48
All right, Ronald Raymond Bitcoin over trash Fiat when you
22:51
get a 3% raise but inflation. They've messed this up.
22:54
This means so many time. It's so funny because it starts
22:57
with an X. And then the guy just gets tired
22:59
and then at this point he's just like all right, whatever?
23:02
We're at 0.5 and I suspect this is gonna keep going.
23:07
Anyways, moving on to the next one by Rasmus, Behold.
23:10
Our new sink and US sanctions 949 967. 977 are you sure this
23:15
will hurt Russia. Russia, ha ha ha.
23:19
It's so true dude. It's so the Biden press
23:22
conference. One of the guys working at the
23:24
White House was like, yeah, we can't really because it will
23:27
hurt us and it's like, Dude, this is what yes G is garbage.
23:31
This is why it's garbage. You guys didn't think it
23:33
through. Anyways, it's so easy to moral
23:36
virtue and then when shit hits the fan you actually have to pay
23:38
the consequences. It's funny you Blitz Bitcoins
23:41
fault somehow, okay, anyone imagine everyone would have
23:44
listened to these asshats from the world economic Forum, dude.
23:47
Dude, they didn't plan for the Russia.
23:49
They know that they I think they were true.
23:52
They were trying to call Putin's Bluff.
23:54
Like I think that they were expecting that Putin called
23:56
their Bluff and it was like, nope.
23:58
Nope, nope. And it's like, dude, it's crazy
24:01
Ukraine to declare a state of emergency Grant citizen's right
24:04
to bear arms. So the Second Amendment isn't
24:06
just for hunting. Never was.
24:08
And again I'm going to connect this with the ESG shit.
24:11
Right. Yeah.
24:12
When everything's peaceful and everything's fine.
24:14
Right? Yeah.
24:15
Guns are evil. Guns are bad, right?
24:17
But when shit hits the fan, oh, all of a sudden good guns are
24:20
good again, right? So it's just stupid.
24:23
It's honestly stupid. But anyways, feel for that.
24:27
I'm going to give it. A box and the box has a doggie,
24:32
treat with how icing half on the side and we have a Coca-Cola
24:39
pencil sharpener. It's like this magic box where
24:45
you store things in that you've got now, huh?
24:48
All right. Hold on a second.
24:53
Those dog treats are so disappointing.
24:54
They look better than they taste.
24:57
Just saying. You had one.
24:58
You've eaten of course. Of course dude, that stuff looks
25:02
awesome. Some of it smells amazing.
25:04
And then you try it, it tastes like garbage.
25:06
Yeah, anyways, I'm going with the box of glue.
25:10
Oh, of course. It's right.
25:13
You saw my box and you wanted to step it up a notch.
25:16
Of course. I see how I know you don't have
25:18
as many glue sticks as I do. So I figured I have to one-up
25:20
you with the gluestick Rick and well at least you'll have a box
25:24
with the doggy treat. Okay.
25:25
And a pencil, sharpener, I would have eaten the doggy treat.
25:28
So all I would have left is the penalty.
25:29
The pencil sharpeners is very true, very true.
25:32
Anyways guys, we want to know, do you agree with our scores,
25:34
you disagree? Let us know down in the comment
25:37
section. And, of course, make sure to
25:39
join our telegram group and link us some dank dank dank Bitcoin,
25:42
memes to review. And also, make sure to subscribe
25:44
to us on alternative video platforms, like, Rumble.com, and
25:47
our personal favorite Bitcoin tv.com, they don't censor their
25:50
because it's Bitcoin TV. But anyways Phil it's time for
25:54
the Daily News brought to you by crypto.
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Anything on the store crypto cloaks.com I've talked about
26:20
this a lot, right? I said on the show multiple
26:23
times, I'm sure you guys have heard me.
26:25
Say, if you've been subscribed to this channel, that Bitcoin
26:28
gives you two Powers, gives you the power to vote with your feet
26:33
and also your wallet. But I think that it's very easy
26:38
saying that but I think it's very rare of rare to see an
26:42
example of how powerful voting with your feet is because again,
26:49
if you compare this to the Fiat system, You see all these
26:52
nightmare images, in war-torn, countries of people trying to
26:55
withdraw their cash out of the ATM and let's say they're one of
26:58
the lucky ones that's able to do that.
27:00
What do you think those border guards are going to do coming
27:03
into that new country of yours? You're gonna have to trust those
27:06
border guards lat, right? And if you're in the united
27:09
here, entering the United States, it's ten thousand
27:11
dollars. All right?
27:12
So let's say you manage to scrunch.
27:14
It's not a lot of people manage to Scrump up all this ten
27:17
thousand dollars in cash and you cross into the u.s., we'll all
27:19
of a sudden that is confiscated oil.
27:22
Because you might be money laundering.
27:23
Oh there's that word again, right?
27:26
Anyways were criminals. Check out this very very
27:29
powerful. Powerful Story, by Francisco
27:32
Madonna. His crazy story, my webmaster
27:36
escaping from Ukraine, two hours before the government closes the
27:39
border for Men of War, age Bank, ATMs were blocked, of course,
27:43
and he who, and he, upon my advice had pre-loaded his
27:47
Hardware wallet with Bitcoin, makes it in time to cross the
27:51
bull. Which border and withdrawal
27:53
Bitcoin. Okay.
27:54
So check out, let's check out the actual text messages.
27:59
I'm already in. Krakow, I had a chance to hours.
28:02
After I cross the border, they close date, they close it to
28:05
avoid Russians to get in, but they let ukrainians plas happy
28:08
you made it, they closed it due to a statement and our president
28:11
to force every man, 18 to 60 years, too.
28:14
Old to go to war and fortunately, fuck, man.
28:16
You made it. I couldn't withdraw any money
28:19
Banks didn't work at all. I had nearly 600.
28:21
Ox, National Bank blocked, all International transactions.
28:25
I can't even send money to Poland, but you have Bitcoin.
28:29
Can I withdraw Bitcoin to their, to their money, to their money
28:33
somehow and Poland? Sure.
28:35
Yeah, sure ATM. Super convenient one.
28:37
Sometimes they'll also give to 2% if you sell to them, and then
28:40
he sent some ATM. Just put crack out.
28:43
Oh man, amazing, thank you. You're welcome.
28:45
That's the power of Bitcoin. I have a few thousand dollars,
28:48
hope it will be enough. However, due to the war, the
28:51
price is Going low is crazy. Not that much.
28:54
This is not virus. Okay, so yeah I can't say but I
28:59
don't we can't say that it. That is a real life example, of
29:03
what it is, I'm talking about that one gives you the power to
29:06
vote with your wallet, but also your feet and that's incredibly
29:11
powerful. You have a refugee, right?
29:14
Leave in leaving a war-torn country and he's able to bring
29:19
some of his wealth with him. Fully people wake up to the fact
29:23
that I could bring all of my wealth with with me and let's
29:27
say the Border guards are checking for Hardware wallets.
29:30
He you could memorize that 12 word seed phrase and a time of
29:33
need, right? That is the power of Bitcoin.
29:36
That is the power of a honey badger, and that right there is
29:39
going to change the world. Mark my words fill.
29:44
That look those text messages, I was getting Goosebumps while I
29:48
was looking at that, I mean, that is absolutely.
29:51
I mean look, it's double edged sword, right?
29:52
It's scary and it's also beautiful at the same time.
29:56
You know, it's scary because we're seeing real time what is
29:59
going on but at the same time it's beautiful because the power
30:03
of Bitcoin is being Illustrated even more and and in a real
30:07
world scenario that is actually affecting people.
30:10
This is not theoretical, right? Like a lot of times you know, a
30:13
lot of times You'd hear the, you'd hear the, you know, the
30:16
gold bugs. You know, talking about like the
30:18
end of the world, everyone's gonna, you know, at least you'll
30:19
have gold. Well, guess what?
30:21
It's not the end of the world. There is censorship.
30:24
Gold, can't fix this, but Bitcoin just did.
30:27
Okay, that's huge that. I think that people, you know,
30:31
this is going to be one of those events.
30:35
You know what, this is gonna be one of those events that wakes
30:37
people up even more. I really think so.
30:39
So you know what good for you? No good for that gentleman, that
30:42
he was able to experience the power of oin.
30:44
I think that just made a lifelong hablar.
30:46
He's probably gonna make his family into a family of hardened
30:50
hollers at this point. So look proof is our success.
30:55
And unfortunately, in these extremely difficult situations,
30:59
this is where proof comes through the strongest.
31:02
So hey, Amen. To this is why we Bitcoin.
31:06
This is why we picked coin. Absolutely, very powerful.
31:10
Phil anyways, guys, moving on to the next piece of news.
31:14
It's very contentious. Look, I'll be honest with you
31:18
guys. We have been covering this for
31:22
quite a while now. And again, if you've been
31:25
subscribed to this channel, I've been telling you for some
31:28
reason. The political left has been very
31:32
aggressive towards Bitcoins especially specifically in the
31:35
United States, The Establishment left like Elizabeth Warren like
31:38
Hillary Clinton. I've been hostile now, it's not
31:41
black and white. There's there's there's
31:44
left-wing Senators right? That do support Bitcoin.
31:47
There's left Min Congressman that do support and women that
31:50
do support Bitcoin. But I'm talking about the
31:53
establishment, right? The Establishment corporate
31:56
media on the left, including the New York Times, including all
32:00
the corporate media Outlets including MSN are the, you know,
32:04
the corporate TV media Outlets have been extremely hostile
32:08
toward Bitcoin energy Fudd, all Is fun, right?
32:12
And you look on the right hand side.
32:14
You had Tucker Carlson. All right, speaking very good
32:16
things about Bitcoin, and on top of that, it's been usually
32:20
Republican Senators, and congressmen and women that have
32:25
been passing these, of course, they're not going to pass, but
32:28
have been attempting to pass these bills.
32:30
Like, here's an example, Republican Congressman, Tom Omer
32:34
introduced a bill prohibiting. The Federal Reserve from
32:36
issuing, a central bank, digital currency and here is Cynthia.
32:40
Loomis. See u.s.
32:41
Senator Cynthia lummis, the Federal Reserve should buy
32:44
Bitcoin. So clearly unfortunately, and
32:47
I've been saying this as well, the last thing that I want is
32:50
for Bitcoin to become a partisan issue in the United States, but
32:54
it's not all. So, it's not also the United
32:56
States, we talked about this earlier on the week.
32:58
We you on track to ban Bitcoin who's responsible for for those
33:03
laws. And I'll real, I'll read it.
33:06
Let's check it out. The final draft of the markets
33:09
and crypto acids framework that Much anticipated package of
33:12
cryptocurrency. Regulations includes a
33:14
provision, forbidding the environmentally unsustainable
33:17
concessions mechanism, and of course, they're talking about
33:20
proof-of-work. Now, who was this pushed by?
33:22
It was pushed by centre-left social Democrats, the greens and
33:26
the left party. So, again, the question that I
33:30
have to ask you, right is the left, you know, one other
33:34
staple. Beliefs in that party is
33:39
inclusion. You know, worrying up about the
33:42
little guy, right? I think Bitcoin is one of the
33:45
most powerful Technologies when it comes to, including the
33:50
little guy. And I think Fiat is one of the
33:53
most Anti human Technologies when it comes to including the
33:56
little guy because every time the government prints, the
33:59
little guy loses, and most of the time, the little guy doesn't
34:02
have the wealth or the means to save inequities and Save in real
34:05
estate. So again, this is a troubling
34:09
development and this is something that Phil and I have
34:12
been covering day-to-day methodically for about a year
34:16
now and when you start covering things for about a year, you
34:19
start to pick up on patterns. So I'm very bummed out about
34:24
this. I hope this changes in the
34:25
future and actually had a talk with a buddy of mine who works
34:29
at Bitcoin magazine. I said, bro like I think this is
34:32
becoming a partisan issue and you know he I'm not going to
34:37
name who he is but he agreed with me.
34:39
So this is going to suck but he also said to give him credit.
34:42
He also said that senators and congressmen are not going to
34:45
have a choice but to be for Bitcoin, I hopefully that comes
34:49
true. But what I have to report now,
34:52
is that they're against it, and it sucks.
34:55
Again, it's not a black-and-white issue.
34:57
And also to be very transparent when you have the head of the
35:01
right-wing party in the United States, the Republican Party,
35:03
Donald Trump who's gone out against Bitcoin, but you also
35:06
have the head of, I'm sure I'm pretty sure it's going to be
35:10
Hillary Clinton. That's going to be running
35:11
against Donald Trump in 2024. She's she hates Bitcoin.
35:15
Right. So like it's not again, it's not
35:19
black and white. Right side, only right.
35:22
When people like Bitcoin and it's like that know there's
35:24
right when people that don't like Bitcoin.
35:25
I'm sure. And I'm sure there's left-wing
35:28
people that like Bitcoin, but I'm talking about the
35:30
establishment. I'm talking about the people in
35:33
power in those parties, right? And for me, it's night and day,
35:37
right? But anyways, we're going to be
35:40
on top of this how this develops, but I want to play
35:42
this clip by Ted Cruz and he has some thoughts, right?
35:46
He says, one of the reasons I'm bullish on bitcoin is because
35:49
it's decentralized. The Tate's Bitcoin, because they
35:52
can't control it. All right, so that's a big
35:54
claim, of course. He's a politician, right?
35:56
He's trying to buy brownie points, right?
35:57
He's trying to get elected. He does, you know?
35:59
He is a senator from the great state of Texas, right?
36:02
Was big Bitcoin country. So he needs those Bitcoin
36:06
companies to donate to his campaign baby because that's all
36:09
these politicians work. But I think this is a Monumental
36:13
moment because this is one of the most predominant right-wing
36:17
senators in the United States. Ted Cruz very well known.
36:20
This guy ran for president and on the other side,
36:23
unfortunately, you have Senators like Hillary Clinton, sorry?
36:26
Like Elizabeth Warren saying that, you know, attacking
36:30
Bitcoin for its environmental concerns.
36:33
So again, this is too early to tell and I hope that I'm wrong
36:37
here, but I'm starting to notice a pattern.
36:41
And when this video came out and you have Ted Cruz also noticing
36:45
that pattern as well. I might be onto something but
36:49
again it's too early to tell. Let's see what Ted Cruz has to
36:51
say in this video. So we need to decentralize, we
36:55
need to break it apart so one of the reasons why I am so bullish
36:59
on crypto on bitcoin because it is decentralized, not
37:04
controllable. And let me give a fantastic
37:06
example. So Justin Trudeau.
37:15
Said, I do like me some truckers.
37:18
So we're going to seize your assets.
37:26
So then the court went to try to seize the crypto that was being
37:30
given to the truckers and I don't know how many of y'all saw
37:34
a letter that I actually want to read from It's a letter from a
37:38
company Bitcoin company called nunchuck.
37:43
Here's part of the letter, dear on Terriers Superior superior,
37:45
court of justice. Our software is free.
37:50
We do not collect any user identification information
37:54
Beyond email addresses. We also do not hold any Keys.
37:59
Therefore we cannot freeze our users accounts.
38:11
We cannot prevent them from being moved.
38:16
We do not have the knowledge of quote, the existence nature
38:20
value and location of our users assets.
38:25
This is by Design. Please look up.
38:32
How self custody and private Keys work when the Canadian
38:39
dollar becomes worthless. We will be here to serve you
38:43
too. That is spectacular, by the way,
38:58
contrast that to the Craven sniveling response of corporate
39:04
America? When others when some whiny
39:08
snowflake tweets at them like, oh my God, I'm sorry, I'm sorry,
39:11
I'm sorry. Sorry like God.
39:13
Bless you saying to the government, go jump in a lake.
39:20
That's how our country was founded.
39:24
That is powerful by the way. That is also why China?
39:30
Recently, banned Bitcoin. Because they can't control it
39:36
which is the exact same reason, Elizabeth Warren hates Bitcoin,
39:43
the Chinese Communists and Elizabeth war and they both want
39:46
to control you, your assets, your savings, your speech, your
39:51
life, your children, every decision they want to control.
39:55
And so we need to break up the means of controlling the
39:59
citizenry. So again, to be specific, he is
40:04
trying By brownie points. He is a politician.
40:07
Okay now China we know for a fact that's why they banned
40:12
Bitcoin. Okay now Elizabeth Warren again,
40:15
I'm going to make an observation here okay the same reasons that
40:20
she wants the essentially attack Bitcoin where the same reasons
40:25
that the European Union wants to ban Bitcoin because it's proof
40:29
of work. And what what, what is what is
40:33
the problem with proof-of-work proof of Work is what makes
40:36
Bitcoin uncorruptable. So, I don't know whether to give
40:42
them the benefit of the doubt or not, I don't know if they're
40:46
their goals are really to save the environment.
40:50
Personally, I think it's about control.
40:54
There's too many patterns, right?
40:56
You have the hit pieces from the garden.
40:58
You have to hit pieces from The New York Times.
41:00
It's all about the climate, right?
41:01
You had the hit piece from The Economist, essentially, that
41:06
Bitcoin is a tool for the right for the white.
41:09
Right, even though it's anything but that we know that Bitcoin is
41:13
all-inclusive. We know that Bitcoin gives
41:16
opportunities to ukrainians fleeing the country, it gives
41:19
opportunities to Afghan. He's that are trying to receive
41:24
money from overseas that saving the people of El Salvador, tens
41:28
of millions of dollars every year in remittance, fees alone
41:32
doesn't sound very white supremacy to me.
41:35
So I don't want to come to a conclusion, but I think the the
41:40
environmental thing is BS. I think that there's Insidious
41:45
means to some people in The Establishment left.
41:50
And they're using noble goals to try to ban something because
41:55
they cannot control it. I've haven't been, I haven't
42:01
wanted to say that ever on this channel and I've been holding
42:05
myself back. But again, you have to cover
42:09
this for about a year and you start to pick up on patterns, we
42:13
had a progressive on the show, name of the episode, was the
42:16
progressive case for Bitcoin, and I asked him out, right?
42:19
Why are they attacking Bitcoin for environmental reasons?
42:21
You know, that's not true and he could not answer that question.
42:27
So, I don't know, man. It's a collaborates.
42:30
It's a combined effort, right? They did it.
42:34
They did a whole panel that in Congress, cryptically, the name
42:37
of the panel was called Creek, cleaning up cryptocurrency, they
42:42
advocated for proof of stake. But they bash proof of work.
42:49
I don't know if it's an, I don't know if they, if it's really
42:52
about the environment, I don't know if I'm paranoid because I
42:55
think all bitcoiners are really paranoid at heart.
42:58
I don't know. I have no idea.
43:01
I, I think Ted Cruz was a being a little bit hyperbolic, in my
43:06
opinion, at the end. Hmm, he's a politician, he's
43:09
trying to get bad brownie points.
43:11
And again, we've tried to be as a political as possible on this
43:14
show, but look, I'm sure you. Guys are picking up on that
43:19
pattern as well. Why is the establishment left
43:22
and their their media arm attacking Bitcoin and wise The
43:27
Establishment right? Embracing it and that's a fact
43:31
that is not speculation. Why is that happening?
43:33
And why our establishment left-wing politicians attacking
43:37
Bitcoin? Not only the United States also
43:39
in Europe and why are right-wing politicians and bracing?
43:43
It I don't know the answer to that question.
43:48
But it's alarming. And the last thing that I want
43:51
is for Bitcoin to become a partisan issue because it's not
43:54
a right wing technology. It helps both sides.
43:58
It levels out the playing fields between the elites, which is the
44:02
dream of the left for, I don't know how long.
44:05
So, it's like, how could you even think that it gives the
44:09
little guy, it levels the playing field between the the
44:11
super-rich guy, and the little guy?
44:14
So it's not a right-wing thing. It's helping people in
44:19
underprivileged countries all over the world to save for the
44:22
first time without their money being at risk by of confiscation
44:27
or or debasement. So I don't know.
44:32
But I do know something. And it's the last thing I'm
44:35
going to say Phil is that Bitcoin has this habit of
44:39
shining the light of Truth on things.
44:42
And it exposes the Aryans on both the light, the left and the
44:47
right. So is this Bitcoin is is one of
44:51
Bitcoins most unknown features once again doing its thing.
44:56
Phil. I was just about this at the
44:59
start with it exposes everyone's incentives, whether we are
45:04
friends of Bitcoin enemies of Bitcoin, it makes no difference.
45:07
It exposes everyone's incentives, but I just want to,
45:11
I'd like to go back right eye. We've said all Ready quite a few
45:15
times that this was going to become a partisan issue.
45:18
Why? Because Bitcoin fits the for a
45:22
good portion of its qualities. Fits the quote-unquote rights
45:27
narrative. But the thing is, is that it
45:30
actually creates the type of world that the leftists, quote
45:36
unquote, sell the public. So at some point, right?
45:41
The incentives are not going to align.
45:45
And we're already starting to see it happen and this goes to
45:47
your point, right? That makes essentially that
45:50
makes these environmentalists, especially specifically the the
45:54
let the leftist environmentalist.
45:57
It makes them look like Hypocrites, because at the end
45:59
of the day, Bitcoin is actually doing these things that you
46:02
wanted to do, whereas the shit coins and their proof of stake
46:06
is only going to offer you the control and the Fiat shenanigans
46:11
that we already have. So now we go back to what we
46:14
said. Be at the end of what what you
46:16
were saying Bitcoin exposes their incentives.
46:20
It's not about the climate. It's always been about the
46:22
control except they just found these fantastic angles to come
46:28
in, right? The climate is great calling,
46:31
you know, calling Bitcoin, users racist and white supremacist is
46:35
great. Even though 32% of all Bitcoin
46:38
transactions around the world are from Nigerians, it doesn't
46:40
matter. If it's white supremacist that
46:42
are using it, then if it's not there.
46:44
Um it's the money laundering but look, it has nothing to do with
46:47
climate. I really did like Ted Cruz's
46:49
speech. Because I love what nunchucks
46:55
email was about. That's really my main point.
46:58
But look, we knew that they were going to use it as a partisan
47:00
issue. I know that, you know, I agree
47:02
with you. I didn't want to see it come up
47:04
like this. I don't want her.
47:05
I'm heartbroken, dude broken because I would like to believe
47:10
that a lot of these left wing. People have a noble goal at
47:14
heart. That's what I would like to
47:15
believe, dude. But you know it, I think this is
47:18
a tragic part of all this, dude, it I'm see II.
47:21
Don't believe it. That's the thing.
47:23
I still don't believe it. I really believe.
47:26
Okay, I really believe that in Europe these politicians are
47:30
really doing what they think is best for the environment and I
47:33
really believe that Elizabeth Warren really smells her own
47:36
farts. I really believe that.
47:38
I don't like like yeah, the paranoid Bitcoin side of me is
47:43
like they're doing it because they want to try to control us
47:47
but it's like like are these people really dot maniacal?
47:52
Bitcoins going to expose it, but that's a question that I want to
47:55
leave to you guys. Sometimes though, sometimes
48:00
incentives have us doing things, we never thought we would do.
48:06
You know, you got to look back through history, right?
48:07
Like look at the wars, you know, it, you've got, you've got Wars,
48:11
you've got stuff like, you know, Chernobyl and stuff like that.
48:13
You have all kinds of these unfortunately.
48:16
Different types of catastrophes and events that have happened
48:18
throughout history and unfortunately, you know, they
48:22
happened and I don't think that that was the beginning goal
48:26
necessarily you know, like I just don't, I don't think so.
48:30
So I look there's idealists on both.
48:35
Right. Just the same way that there's
48:36
totalitarian on both sides for real there are, you know, like
48:40
there are people on the right to do believe in the money printer
48:42
in the power of the fed and all that good stuff, right?
48:44
America, and, you know, even though the FED is a privately
48:47
held held corporation that has nothing to do with America.
48:49
But anyways, I digress, we're going to have these people on
48:53
both sides. We're going to have those people
48:54
on both sides. We're gonna have the idealists
48:56
on both sides. And you know what, lucky for us,
49:00
Bitcoin is made the way that it is, and it exposes everything.
49:05
E ones incentives. So we just got out, we just got
49:09
to watch the show, man. We just got to watch the show
49:11
and do our best not to get deeply disappointed by are, you
49:15
know by humans just like us so far.
49:18
I am, I'm not surprised by the embracement, the Embrace of it
49:22
on the right. Okay, I'm not me neither but I
49:24
am very surprised by the pushback on the left and it's
49:29
not only me saying that you had Alex gladstein saying that as
49:31
well. What's going on here?
49:33
These left-wing it's like Bitcoin solves all these
49:36
principles. But when push comes to shove,
49:39
they're attacking it vehemently. And you have Hillary Clinton
49:44
saying it saying like, you know, saying it out loud, Bitcoin,
49:48
undermines, the nation-state what she forgets to mention
49:50
perhaps the nation-state in her mind because she thinks she is
49:53
the nation state. But Bitcoin, undermines the
49:56
politicians, but it empowers the people, right?
50:01
So, you know, it's disappointing.
50:05
We're going to cover it. I refuse to believe it either.
50:07
Refuse to believe that's the case.
50:09
But I am starting to pick up on a pattern and the pattern is
50:13
troublesome to say, the least. But anyways feel there was an
50:16
open source software released today.
50:18
Why do you tell us about it software releases brought to you
50:22
by Cipher safe? Check them out.
50:23
Cipher safe dot IO, it's the best place to store your Bitcoin
50:27
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tool and tamper-resistant wire. We've got BTC pavers The one got
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4.5 that was released guys, you know, the drill.
50:42
We also drop all of our episodes on audio only platforms, don't
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forget to check us out. Apple podcast, Spotify, and
50:49
anchor, awesome. Thank you, Phil.
50:51
All right, guys, that was our show before we go.
50:54
I want to give a very special shout-out to our awesome sponsor
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Anyways guys, that was our show if you enjoyed the show you know
51:12
what to do Smash. And of course if you want to
51:16
continue hearing the catastrophic fails from the
51:20
elites and the Bitcoin use from the pelleve pleb perspective,
51:24
definitely consider subscribing to Simply Bitcoin and we'll see
51:28
you on Monday guys for any episode totalitarian hate
51:31
Bitcoin because they can't control it.