Latest / Simply Bitcoin / Peter Thiel Promotes Bitcoin on Joe Rogan | EP 1056

Transcript

Peter Thiel Promotes Bitcoin on Joe Rogan | EP 1056 · Simply Bitcoin

0:02
It's all. Going to zero against Bitcoin.
0:06
It's going up forever. You're against Bitcoin, you're
0:16
against freedom is that when something does happen, we don't
0:25
even know how to process it. So, you know, I think, I think
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Bitcoin was a, it was a big invention make whether it was
0:30
good or bad, but it was a pretty big deal and it was
0:33
systematically underestimated for at least, you know, the
0:36
first 10-11 years, you know, you could, you could trade it.
0:39
It went up smoothly for 10-11 years.
0:41
It didn't get repriced all at once because we're in a world
0:44
where nothing big ever happens and and so we we have no way of
0:48
processing it when something pretty big happens.
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The Internet was pretty big in 99.
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Bitcoin was moderately big. Internet was really big.
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Bitcoin was moderately big. And I'd say passing the Turing
1:00
test is really big. It's on the same scale as the
1:02
Internet yeah, welcome to simply Bitcoin live, your number one
1:06
source for the peaceful Bitcoin revolutionary breaking news
1:08
culture, aromatic warfare. We will be your guide through
1:11
the separation of money and state.
1:13
You have Peter Thiel, the Co founder of PayPal and you know
1:18
one of the world's greatest investors, multi billionaire,
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saying the quiet part out loud, saying something that we've been
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saying about Bitcoin for quite a long time now.
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The difference is that he's doing it on the Joe Rogan
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podcast. This is the second most popular
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broadcaster on the face of the planet.
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He was the first up until recently, up till Tucker Carlson
1:40
took that spot. But regardless, we need more of
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this. This is what I mean by moving
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the Overton window. Shifting the Overton window, you
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have a very, very smart man. He said in the past that, you
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know, he wishes he's, he's acquired more Bitcoin, someone
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who founded PayPal. So he probably knows what he's
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talking about. And he's saying like, look like
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the reason that Bitcoin and first of all, Bitcoin is huge.
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But the reason that people have such a hard time understanding
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how big it is is because it's one of those moments in history
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where there's a pivotal shift coming.
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And because it doesn't happen very often, people seem to kind
2:22
of dismiss it. He laid out the case on that
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show that there was three things that happened there was the
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Internet. Like, think about how radically
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different your life is today compared to when you know it
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back in the 90s, right? Or in the in the 2000s when the
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Internet was just getting started.
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And then the next step was Bitcoin radically redefining
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what money is. I think he's a little bit, I
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think he's wrong in the sense that I think it is going to be
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monumental in terms of how society organizes itself just
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because of the amount of power that it gives the individual.
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And then he talks about AI, right?
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And think about how those things have like, you know, changed
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your life in a way, right? The Internet just allows us to
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do what we're doing right now. Mass scale, worldwide
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peer-to-peer communications. I remember like back in the day,
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if you were to call Europe or you'd call like overseas, it
3:20
would like literally cost you an arm and a leg.
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It'd be like $3 a minute or something insane like that.
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So the Internet just allowed the world to connect itself.
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And it's like immediate news, immediate video, anything you
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want to see on your fingertips, you can order food to your home.
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Then the Bitcoin is coming. And then of course, AI and I
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think we're in the first iterations of the whole AI
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thing. Like I remember when like
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ChatGPT first came out and then like Grok, like on Twitter with
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like the AI images and stuff. Remember how bad it was like
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three or four years ago? It was, it was horrific, it was
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terrible. Now it's like, it's, it's like
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finally reaching that like critical point where it's usable
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and you can just, and I know it's, it's a little bit biased
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depending on which AI you use, right?
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But you can just ask it any type of question.
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Remember how you used to have to Google that stuff and it like,
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used to not give you like, pretty good.
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Like, you used to like, have to Google like it.
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It was like part of researching. Now you can just ask it a
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question, you can have a typo in it, and it will still, like,
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give you an answer. And imagine that five years from
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now, right? It's going to be absolutely
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insane. So, yeah, I think over the last,
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you know, 20-30 years, there was only really three things that
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changed humanity fundamentally, One of them being the Internet,
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one of them being Bitcoin, and one of them being AI.
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And I think that's what Peter Thiel was trying to say on the
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Joe Rogan experience, talking about talk about shifting the
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Overton window. Of course you have a
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presidential candidate talking about it as well.
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So absolutely huge, monumental. And guys, like if this is where
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we are, you know, 15 or so years into Bitcoins history, imagine
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where we're going to be, you know, 10-15 years from now.
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It's going to be absolutely bonkers.
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It's probably a good idea to get some just in case it catches on.
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In other news, the Democratic Party finally released their
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their policy, their platform. No mention of Bitcoin at all.
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Not surprising for anyone who's tuned into simply Bitcoin this
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last couple weeks, we've been covering this diligently, but at
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the in the other side of the aisle, right, The Republican
5:31
Party has made it part of their official party platform to
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protect the right to self custody, to protect the right to
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mine. So as a single issue voter
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myself, what do you think I'm going to go with, right?
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It's either RFK, right, who doesn't really have a chance of
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winning right now according to the polls in the betting
5:48
markets. Not perfect or the Democratic
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Party, which is kind of like, trust me, bro, even though we
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didn't put in our platform, even though we've been using all, you
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know, the, the judicial branch and the executive branch to go
6:03
after the industry, we might change our mind.
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Like, I don't know. It's, it's, it's pretty simple
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from my perspective. Also, in other news as well,
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pretty pretty interesting. Coin Center wins right to sue
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U.S. Treasury, IRS again over
6:20
controversial tax reporting. So I think this is incredibly
6:24
important. As the separation of money and
6:27
state accelerates, a lot of the old systems are going to clash
6:31
with the new systems, right? We've lived in a society where
6:36
if you hold considerable wealth, you're most likely holding it
6:39
with a custodian. Now all of a sudden you have
6:43
Bitcoin that gives you the tools and the power to take self
6:47
custody of considerable amounts of wealth extremely easily so.
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And that of course is going to change, in my opinion, the
6:55
dynamics of society to the core. Because look, all of a sudden
7:00
you can cross a border and you can take all your wealth with
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you by writing down a 12 to 24 word seed phrase.
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You don't have to trust a third party with the power of self
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custody. You can send that money
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instantaneously anywhere over this overseas, you know, flick
7:16
of a switch without having to ask anybody for permission.
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I think that's going to change Eddie.
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Anyways, I do want to bring up my legendary Co host.
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He's always optimistic. Opti how you doing on Monday
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bro? Well, you know, it's still a
7:28
Monday for everyone, but I'm doing great.
7:30
Life's wonderful. You know, Mondays are still
7:32
Mondays as far as I can tell. I I still always have the Monday
7:36
Blues and you know, I I just want to hang out all weekend.
7:38
But hey, back to the grind. The show don't stop, but I do.
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I do want to kind of touch on that Peter Thiel clip in the
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beginning. I would also kind of argue with
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the meme that, you know, the only real point of the existence
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of the Internet was to facilitate Bitcoin.
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But he did have one point there where like Bitcoin is such a big
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idea that This is why you're seeing so many people have a
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hard time wrap their brains around what exactly Bitcoin is
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and, and basically why we're seeing so many people fight
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Bitcoin. But yeah, it's, it's great to
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see that these conversations are being had again on Joe Rogan's
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podcast. Hopefully more people are waking
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up to the fact that Bitcoin is probably a pretty big deal.
8:16
And you might want to get some, you know, 'cause it is catching
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on. So love to see that the Bitcoin
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echo chambers are breaking and these conversations are getting
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thrusted into the mainstream. So, you know, babies steps
8:27
towards the world fully adopting Bitcoin again, you know, it's
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been kind of a crab market for everyone here.
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So a lot of people tune out when the price goes sideways and
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down, but I think we're going to start to see that conversation
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pick up in the next couple of months or you know, round out
8:43
2024 with the with the very solid mind share for the the
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just the general population. I think Bitcoin is going to be a
8:53
big deal or rather conversationally is going to be
8:55
a big deal by the end of this year.
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So interesting times, man, interesting times.
9:00
And also man, can we, can we all troll 58K gang today because
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like man, they're really, they're really suppressing the
9:06
price on us and we're back at 58 K again.
9:09
Like sheesh, man, it's been a, it's been a rough crab market
9:14
for for all of us bitcoiners that are just, you know, caught
9:17
up in the opium. But it's coming, guys, Trust the
9:20
process. It's going to be a great end of
9:23
the year in 2025. Should be a very, very great
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year in terms of Bitcoin price action.
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So yeah, man, life's great. Always great on the Bitcoin
9:30
standard, Nico. 100% man, life is good when you're living on a
9:35
deflationary mindset versus a inflationary mindset, which is
9:41
what the most of the world is living on these days.
9:45
That's a very kind of. It's a very.
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Such a radical thought. No, it's a very nihilistic
9:51
existence, man, living on this inflationary mindset.
9:54
We got to move the world to a more hopeful mindset.
9:57
Anyways, everybody, before we get started, I do want to give a
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All right, everybody, let's hit the numbers.
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Here we go the Bitcoin numbers all right everybody, so you want
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and the way that you do that is by properly securing your seed
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Bitcoin price is 58,430 sats per dollar, 1711 block height
12:53
857,494 blocks to having 192,506 having estimate March 26, 2028
13:03
Total Lightning network capacity The 4849 BTC capacity value
13:09
283,000,000 Realized monetary inflation 1.43% market
13:15
capitalization 1.15 trillion Bitcoin versus gold market cap
13:20
6.68%. In the grand scheme of things,
13:25
we're just getting started anyways.
13:27
Dave Smith absolutely dropped fire bombs at the Bitcoin
13:33
conference. We've been meaning to get to
13:35
this clip. Haven't been able to finally
13:37
have the chance. Here's our boy, the BTC
13:40
therapist, great content creator on Twitter.
13:43
Definitely give him a follow. The most important thing the
13:45
world could do is separate money from state.
13:48
Bitcoin fixes this. Here's Dave Smith.
13:50
Here's it's It's about a two-minute clip.
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The more you learn about money and government control of money,
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you realize that that is the whole game.
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Everything else flows from that. Every evil thing that government
14:02
does is only because they control the money supply.
14:05
Like take an evil thing that government does and I'll explain
14:09
how it's because they control the money supply.
14:10
You know, like, I mean, just think about like, OK, we fought
14:14
like a catastrophic 20 year war in Afghanistan that literally
14:19
killed hundreds of thousands of people, cost trillions of
14:21
dollars, and thousands of our bravest young boys died and then
14:26
10s of thousands committed suicide in the wake of the war,
14:29
right? Well, just like, imagine if they
14:31
couldn't print the money for that war.
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Imagine if they had to tax the American people every month for
14:37
the war in Afghanistan. You think that thing would have
14:39
lasted 20 years? You've been lucky to get it
14:41
through a year before the people would have demanded a result.
14:45
Like what are you doing here? I mean, just imagine, imagine
14:49
trying to do the lockdowns of 2020.
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If they couldn't just print trillions of dollars and pass
14:54
them out, that people wouldn't have taken it.
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They would have been like, no, we're going back to work.
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We're not doing this. It's only because they control
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the money that they can get away with with tyranny.
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And listen, like personally, I like when I came, I came up as a
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child of the Ron Paul presidential campaigns, like
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that's how I got interested in in all of this stuff.
15:16
And Ron Paul would always talk about the gold standard at the
15:19
time. And don't get me wrong, I think
15:21
a gold standard would be much, much better than what we have
15:24
right now. The problem is that
15:26
historically, what do nations do when they're on a gold standard
15:29
and they need to fight a war? They go suspend the gold
15:31
standard. You know, so the, the difference
15:34
is that what Bitcoin brings is this decentralization where if
15:37
you were truly on a Bitcoin standard, someone in Washington,
15:40
DC couldn't just say we're going off the Bitcoin standard.
15:43
Now that's the power that Bitcoin has that you can
15:46
actually have a chance at separating money in the state.
15:49
And that's that is the most important thing in the world to
15:53
do. So I mean, dude, like spot on.
15:58
This is what we've been saying for the longest time.
16:01
No more endless wars. So OK, listen, listen, listen.
16:05
If the warrant like we pulled out Afghanistan left $80 billion
16:10
right of worth of equipment there, we pulled out.
16:13
We literally within a couple of months we started funding
16:17
another war and sent like 1/4 trillion dollars to fund the the
16:23
war in in Ukraine. Why were they able to get away
16:26
with this? They print the money.
16:28
If you take away their ability to do that, you separate money
16:31
from say. This is why we keep iterating on
16:33
this guys. A lot of a lot of people tune
16:37
into Bitcoin content and crypto content because they want to get
16:42
rich. Fine, you come for the money,
16:44
you stay for the revolution. This is not the channel for you
16:47
if that's what that you're looking for.
16:48
We don't draw charts, we don't give price predictions.
16:51
We don't do any of that stuff. We'll be your guide through the
16:53
separation of money and say This is why this type of stuff is so
16:57
important. What type of future do you want
16:58
your children to live in? Do you want your you want your
17:01
children to live in a future of endless wars or do you want your
17:05
children to live in a future of peace?
17:08
OK, so now let's break it down. If they can't print them
17:13
different, if they can't print money to fund the war, what is
17:16
the other way to fund the war? Via direct taxation?
17:20
I promise you even as much as we're tax right now, property
17:24
tax, sales tax, income tax, right, taxes left and right, I
17:29
promise you that if you raised taxes to pay for a war in
17:34
Ukraine, there would literally be a revolt the next day.
17:38
The reason that they're able to get away with it is via the
17:41
hidden tax of inflation. And that is incredibly important
17:46
to point out. And I think a lot of people,
17:48
they're feeling the pain. They can't afford things.
17:51
They can't afford housing. They don't have the opportunity
17:54
that their parents once had. They don't quite understand that
17:58
it's not because their favorite politician isn't the president.
18:03
They don't, They don't understand that it's the money
18:05
that's literally blatantly stealing from them, which is why
18:09
we're huge advocates for and we're not going to stop.
18:12
Frankly, this show won't stop. This message won't stop until
18:17
the end of central banking, until the end of Fiat currency,
18:22
until the until the separation of money and state.
18:25
Because I it is the cause of so many of the world's problems.
18:29
It is the broken money that is causing a lot of the global
18:34
instability right now. A lot of the pain that people
18:37
are feeling is literally caused by broken money, which is why
18:40
Bitcoiners always say fix the money, fix the world anyways.
18:45
This is why it's so important for figures like Peter Teal,
18:50
people like Donald Trump, as much as people say he's
18:52
divisive, Peter, like people like RFK Junior, people like
18:56
Russell Brand that have followings that that they grew
19:00
outside of the Bitcoin echo chamber to keep hammering that
19:04
message home. Bitcoin, Bitcoin, Bitcoin,
19:06
Bitcoin, because that inevitably leads to a very important
19:10
question, which is what is money?
19:12
And that question inevitably leads to another very important
19:16
question. What is government?
19:19
And I think that that question is incredibly important.
19:23
And again, I don't think they have real good justifications as
19:28
to why money has to lose purchasing power in order to
19:32
function. The world has been psyopped into
19:35
thinking that. Do you know how crazy that is?
19:37
Think about that for a second. Like your money that you work
19:41
for. You bust your ass, you spend
19:43
hours of your life fighting and grinding and bleeding in order
19:48
to accumulate this money, and it loses purchasing power over
19:53
time. That is absurd.
19:56
And that's all we have to do as Bitcoiners is highlight that
19:58
opti. Yeah, I mean 100%.
20:01
I really love that clip and and this is what we try to get
20:03
across on this show all the time.
20:05
It's like there's a lot of. Complicated solutions to the
20:10
problem, but the real problem starts with the money printer
20:12
and this is you know you you could probably point at a
20:15
million different reasons for why the world is you know on the
20:19
decline right now but the main problem is is that they're
20:22
printing obscenes amount of money and as we're seeing right
20:26
now if for most average people like they're starting to feel
20:29
the pain and and people are realizing like wait I can't keep
20:33
up with inflation right now. What is the solution here?
20:36
And we talk about it all the time.
20:37
Most people will say or average people, not Bitcoiners will say
20:40
like, oh, the solution is, you know, pick the right person and
20:43
get them in power. And we're like, no, the real
20:45
solution is to end the Fed and the central banks and not give
20:49
them the opportunity to print more money.
20:50
And so absolutely love how simple Dave Smith is able to
20:54
make this where it's literally like, just take the power of the
20:57
money printer out of their hands and the most of the other
21:00
problems will finally fix themselves down the line.
21:03
Like This is why Bitcoiners always say, fix the money, fix
21:06
the world because they're printing obscene amount of
21:08
money. They're making everyone poorer.
21:10
And if you are not blessed enough to have a bunch of money
21:14
to buy hard assets, then there's no way you are ever, ever going
21:18
to make it out of the rat race. And so This is why we constantly
21:21
tell people, you need to protect yourself.
21:23
You need to save in Bitcoin because they cannot debase you,
21:26
you they cannot steal your Bitcoin from you silently
21:29
through inflation. And this is the solution to most
21:32
of the problem is you as the individual out there retaining
21:36
as much of the value that you create personally so that you
21:40
can choose what you want to use your money on versus, you know,
21:44
outsourcing that to at Washington, DC and, and having
21:48
them do what all this crazy stuff we're seeing right now.
21:51
It's all starting from the fact that they have the power to
21:55
print more money. And This is why we're in a
21:56
position that we are right now is, is the people in power have
22:00
gotten drunkenly crazy off that power of printing more money and
22:05
they're going to continue to print more money because that
22:07
there's no other solution here but to print more money.
22:11
And Bitcoin fixes this. This is what we constantly say.
22:13
I'm glad that we always reiterate on this point because
22:16
it all boils down to the money printer and the fact that why
22:20
does a small cabal of people have the power over the money
22:23
printer and we're all just forced to use that money?
22:26
Like why should a bureaucratically have the
22:29
ability to create money for free that the rest of us have to work
22:33
for? No one deserves that God like
22:35
power. Bitcoin levels the the the
22:40
playing field and and it's very simple.
22:44
How does it level the playing field?
22:45
Well if you want to make more Bitcoin you have to mine it like
22:48
everyone else and no one has special privileges.
22:52
Michael Saylor had to buy Bitcoin and get a line just like
22:56
everybody else did. Anyways, just read the comment.
22:58
Hatless Opti is like when Samsung got his locks cut,
23:02
strength gone. OK, I'll wear a hat.
23:05
Jeez, Rustin too. Anyways, everybody still lots of
23:11
content to get to. Let's get to the news.
23:13
And then during the culture we're gonna talk about, we're
23:17
gonna talk about it's this is Opti.
23:19
Can we say we called it bro? Let's just let's just be real D.
23:22
Wait, what's that? What's our new tagline?
23:24
Let's just. So tomorrow's Bitcoin news
23:26
today. Let's just take the gloves off.
23:28
We called it. We said that this was gonna
23:30
happen. So during the culture, we're
23:31
gonna talk about the Republican Party platform, how they are
23:35
officially made. They've officially came out,
23:37
protected the right to self custody, protect the right to
23:40
mind the Democratic platform came out.
23:42
What we've been seeing over the last couple of weeks, like the
23:45
whole crypto for Harris and all that stuff.
23:47
And guys, I just want to emphasize this.
23:49
If Kamala Harris came out tomorrow and was like, I'll
23:53
protect self custody and she freed Ross.
23:57
I, I, I would wear Kamala shirt. I, I would be like, let's effing
24:01
go. I don't care about any of the
24:03
other political garbage. It is not interesting to me.
24:08
I am a single issue voter. What matters to me is the
24:11
separation of money and state. And if there's a politician
24:14
that's accelerating that process, I'm all for it.
24:17
Right. So I just want to emphasize that
24:19
because I see a lot of people, they get a little bit
24:21
uncomfortable. They they get look, I said this
24:24
last week, Bitcoin over party, not party over Bitcoin.
24:29
That is the most Fiat thing I've ever seen in the world where
24:33
you're like, look, I'm going to vote for these people if they
24:36
promise me that they're going to change to no, no, no, no, no.
24:39
Put up or shut up action Speech is cheap anyways, everybody or
24:44
talk is cheap. All right, everybody, let's get
24:47
to the news Lots to talk about. Let's check it out.
24:48
Here we go, the Daily News. I want to give a shout out to
24:56
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Check out the Passport link link in the show notes below to learn
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more. All right, everybody, I
25:52
understand everyone you know, and it's a it's a it's a crabby
25:55
market. It's a crabby market and you
25:57
know, people don't feel about crabby markets.
26:00
So I got something for you guys. And what I have for you guys is
26:04
our boy American huddle. And I told you guys in the
26:08
beginning, like you tuned into the wrong show because we don't
26:11
give TA and we don't draw lines, but we will play you a video of
26:15
our boy huddle doing the best TA in the world.
26:19
Check it out. So as you can see here on the
26:22
chart, for like 4 years, Bitcoin was in like the hundreds of
26:25
dollar range and it just kind of hung out there.
26:27
Yeah, like maybe it bounced down, maybe it bounced up, but
26:31
it was basically in the hundreds of dollar range for like 4
26:34
fucking years. Then it went to the thousands of
26:35
dollar range and it just stayed there.
26:37
Yeah, it bounced above 10 briefly, but it went in the
26:40
thousands of dollars range. Then it went to the 10s of
26:42
thousands of dollars range and it stayed there for three
26:46
fucking years and now we're coming to the end of it.
26:48
What the fuck do you think is going to happen next?
26:50
You think it's going to go to the $0.00 range?
26:52
Now it's going to 100,000 fucking dollars a fucking God. 6
26:55
figure range. Bitch, go to six figures.
26:58
So OK, ladies and gentlemen, that is the TA that we offer TA
27:01
for the day at Simply Very great TA, very proper from our boy
27:07
Hoddle, and I think he's on point there anyways, kind of
27:11
changing the changing the tune a little bit.
27:14
So something that we covered, we've been covering frankly over
27:18
the last couple of months, if not years is the not only the
27:24
the regulatory onslaught, the attacks, right?
27:28
What were they? So the proposed 30% Bitcoin
27:31
mining bank, the setting of precedence against open source
27:35
software in the Tornado Cash case and the Samurai wallet
27:38
case, but also the kind of travel rule this like creeping,
27:44
like these creeping regulations that they're putting on top of
27:48
the Bitcoin industry. So what does that mean?
27:51
So in certain countries, if you withdraw from exchanges, you'll
27:55
start to notice that they'll start to ask you questions where
27:58
you withdrawing that Bitcoin to? They'll say, hey, are you
28:01
withdrawing this to another Bitcoin, another exchange?
28:05
Are you sending this to yourself?
28:07
Are you sending this to somebody else?
28:10
And one of the rules that they passed is if you send more than
28:14
$10,000 worth of Bitcoin or crypto to someone else, you have
28:20
to report that to the IRS. Now, here's the thing.
28:24
What they're trying to do is that they're trying to impose
28:28
the existing system on top of a new system.
28:32
The issue and the problem that they have is that the the
28:35
previous, the previous system relied on middle men for
28:40
enforcement. When you have individuals
28:43
transacting peer-to-peer, what incentive do they really have?
28:50
What incentive do they really have to play cop for the
28:53
government, which is essentially the setup that the government
28:57
currently has with banks, right? There's like, you know, a dozen
29:01
or so banks and guess what those banks are used to?
29:07
Those banks are used in, in a way to like kind of in like,
29:12
like in a, like an enforcing function, like they're deputized
29:15
in a way, right. So anyways, here's the coin desk
29:18
article. It says Coin Center wins right
29:20
to sue U.S. Treasury, IRS again over
29:24
controversial tax reporting rule Crypto think tank Coin Center
29:28
got the go ahead from the from AUS Court of Appeals to retry
29:32
its lawsuit against the Treasury Department and the IRS.
29:35
Coin Center sued them in 2022 / a controversial amendment to the
29:40
US tax code that would require people to disclose certain
29:43
crypto transactions and personal details of the participants in
29:47
those transactions. The think tank has argued that
29:50
the amendment is unconstitutional and is evidence
29:53
of overbearing surveillance of crypto users.
29:56
OK so think about this for a second, right?
29:59
There's the I think it's believe the 4th amendment.
30:01
No unreasonable searches and seizures.
30:04
The way that they're setting it up is essentially, and this all,
30:08
by the way, started with the Bank Secrecy Act.
30:10
When they pass the Bank Secrecy Act, it was like in 1970, I
30:13
believe, it essentially put it into law that every transaction
30:18
over $10,000 needed to be reported.
30:22
The problem is that when they pass that law, if you adjust for
30:28
inflation, $10,000 back in the 1970s is the equivalent of
30:33
$80,000 today. So what did they do with the
30:36
government? Always does.
30:38
They kept the number in place, right?
30:41
So it kept going down from 80,000 to 70,000.
30:44
And could you imagine that number five years from now or 10
30:47
years from now or 20 years from now?
30:49
That's going to be the equivalent of $2500 of
30:51
purchasing power. In fact, they tried to pass this
30:55
in a recent law. I believe that they were able to
30:58
to take it out of the law at last second, but they wanted
31:01
every $600.00 transaction reported to the government.
31:04
Mind you, this is a government that continues to spend more and
31:09
more money than it collects in tax revenue, which means they
31:12
have to print the difference, which means they have to debase
31:16
the currency, which means anyone who's earning and saving in that
31:20
said currency essentially gets stolen from.
31:23
This is the same government that they can't even control their
31:28
own expenses, but they expect you to essentially report every
31:33
single little thing that you do. And that's not right.
31:37
That's not correct. It's rules for the, but not for
31:41
me. The government doesn't have a
31:43
tax collection problem. The government has a spending
31:48
problem. And what Trump and Elon were
31:51
saying the other day, what Elon was like, look, we need a
31:53
government efficiency committee. And you know, inflation is
31:57
caused by the government debasing the currency.
32:00
No, no, no, listen. Yes, obviously everyone knows
32:04
that, but that's not the solution.
32:09
Clearly, the government is going to continue to abuse that
32:13
privilege. Let's say Trump wins and let's
32:16
say Elon gets his a government efficiency committee and he does
32:20
the same thing that he did to Twitter, where he literally
32:23
fired 80% of the staff. And Twitter's better today than
32:27
it was before, right? Let's say he does that the same
32:29
thing to the federal government. Let's say federal government
32:32
gets cut by like 50, sixty, 70%. What Javier Malay did, you know,
32:36
he did that famous video of fuerda, fuerda fuerda.
32:39
And he just like was shutting down all like the different
32:42
government, like agencies and stuff.
32:45
Let's say they do that and they bring inflation under control.
32:51
What happens in four years when there's another election and
32:55
let's say that the person that gets elected into office isn't
32:59
as disciplined fiscally? We are back at stage one.
33:04
We're back at step one. The issue here is trusting the
33:08
government and the central bank not to debase the currency.
33:12
This is what Bitcoin fundamentally fixes because
33:16
there is no trust. You don't have to trust someone
33:19
else. The, the, the trust is removed,
33:24
right? So anyways, gone on a little bit
33:26
of a tangent here, but yeah, this is pretty good.
33:30
This is awesome. But this is also kind of insane.
33:33
And but it also should not surprise you whatsoever.
33:36
And before I get to, of course, you guys know the deal.
33:39
I love reading quotes from the sovereign individual because I
33:41
think it's super applicable these days and explains why all
33:45
of this is happening. It's important to have a bird's
33:47
eye view so that you can arm yourself with the facts and the
33:51
truth to understand and look at the landscape and start to see
33:58
it from that lens because it will explain a lot of the things
34:02
that are that are happening. Remember, they're hiding behind
34:05
the legitimacy, the coattails of the US government.
34:10
But at the end of the day, it's just a guy in a suit behind a
34:15
podium with a nice looking emblem.
34:18
But what they're really doing is that they're debasing the
34:20
current. They're just printing money.
34:22
That's all they're doing. It's a LARP.
34:24
It's not real. It's a fugazi.
34:26
Bitcoin is real, which is why they don't like it.
34:30
This is why certain elements of the government are so against
34:34
Bitcoin. They can't vocally come out and
34:36
say it. They hide behind terrorism,
34:39
money laundering, you know, shadowy supercoders.
34:43
It uses too much energy. But the, the, the reality is
34:48
that Bitcoin is a threat to their monopoly on money.
34:52
That's what it is all about. That's what it has always been
34:56
about anyways. So moving on to this no shout
34:59
out to no BS Bitcoin. What's happening?
35:01
U.S. Treasury and Federal Reserve
35:03
plan to redefine money. U.S.
35:06
Federal agencies plan to redefine money as used in the
35:09
rules of the Bank Secrecy Act Remember I just told you guys
35:12
about that to tighten reporting requirements for financial
35:15
institutions regarding domestic and cross-border cryptocurrency
35:19
transactions. The proposed rulemaking is
35:21
expected by September 2025. It goes on to say clarification
35:28
of the requirement to collect, retain and transmit information
35:31
of transactions involving convertible virtual currencies
35:34
and digital assets with legal tender status.
35:37
The Board of Governors of the Federal Reserve and FinCEN
35:40
intend to issue a revised proposal to clarify the meaning
35:43
of money as used in the rules of implementing the Bank Secrecy
35:47
Act, requiring financial institutions to collect, retain,
35:50
transmit information on certain fund transfers and transmittal
35:54
of funds. The agencies intend that the
35:57
revised proposal will ensure that the rules apply to domestic
36:00
and cross-border transactions involving convertible virtual
36:03
currency, which is a medium of exchange that either has an
36:06
equivalent value as currency or acts as a substitute for
36:10
currency but lacks legal tender status.
36:12
Did you hear that? It's so effing funny, dude.
36:16
It's hilarious. It's like, look, it's not legal
36:18
tender, it's not money, but we're still going to apply rules
36:23
that apply to money because like it's a fake money, it's being
36:28
used as money, but it doesn't have legal tender status money.
36:32
So it's definitely not money. It can't be money.
36:35
We the government get to are the only ones that decide what is
36:38
money, but we're still going to apply all the rules that are
36:41
applied to money on top of the stuff that is not money.
36:45
Like what total fucking clown world is that?
36:48
And OK now why is this happening?
36:50
It's very important to explain why all of this is happening.
36:53
And again, I haven't read this in a long time so I don't feel
36:56
guilty about it. This is why all of this is
36:59
happening. In the new Millennium, cyber
37:01
money controlled by private markets will supersede Fiat
37:05
money issued by governments. The authors have also predicted
37:08
that with the rise of this new cyberspace, consequently cyber
37:12
money, it will become harder for a nation state to collect taxes
37:15
from its citizens. By the way, when they say taxes,
37:19
it's not just income tax, it's also the tax of inflation.
37:24
They compare the state to a farmer keeping cows in a field
37:27
to be milked. But that quote, soon the cows
37:30
will have wings. They predict that the government
37:33
to collect taxes from its citizens.
37:35
In this type of society, it would have to violate human
37:38
rights. Even traditionally civil
37:40
countries would have to resort and turn nasty.
37:43
Lacking their accustomed scope to tax and inflate, governments
37:47
even in traditionally civil countries will turn nasty.
37:50
Businesses that officer offer services that facilitate the
37:54
realization of autonomy by individuals will be subject to
37:58
infiltration, sabotage and disruption.
38:01
What does that sound like? What Operation Choke .2 point O?
38:05
What does that sound like to you?
38:07
The all the Lightning wallet companies leaving the United
38:11
States? The proposed 30% Bitcoin tax on
38:15
the Bitcoin miners. What does that sound like to
38:17
you? Arbitrary forfeiture of
38:19
property, already commonplace in the United States where it
38:22
occurs 5000 times a week, will become even more pervasive.
38:26
Governments will violate human rights, censor the free flow of
38:29
information, sabotage useful technologies, and worse.
38:34
Now connect this with the video from Dave Smith.
38:39
This is a separation of money and state.
38:41
Yes, you come here, you want to get wealthy from Bitcoin.
38:44
That is a secondary effect of you holding sound money.
38:48
That's all it is. But you have to pay attention to
38:52
the battle at hand. And the battle at hand is what
38:55
world do you want your children to live in?
38:59
Because there's two options right now on the table.
39:03
There's the CCP model, there's the China model of the central
39:07
bank digital currencies, which is what they want here, by the
39:10
way. Elizabeth Warren, she wants it.
39:12
You want to know why they're attacking Bitcoin?
39:16
It's because they want to create a monopoly so that they can roll
39:20
out their central bank digital currencies.
39:22
Bitcoin and CBDC's cannot and will never coexist.
39:27
They they go against each other. One is freedom when it's total
39:31
control, centralization and slavery.
39:34
That's what it, that's what it's all about.
39:36
So when you're reading all of this stuff, these legal, the
39:40
legalese, and it's like, oh, the department of blah, blah, blah,
39:42
blah, blah, blah. Just realize, look at it from a
39:45
very simplistic lens that there are elements in the government
39:51
that want to retain the power and the privilege of being able
39:55
to create money for free that the rest of us have to work for.
40:00
And they're willing to hide behind the guise of money
40:03
laundering terrorism, AM LKYC crime where the vast majority of
40:11
people in the Tornado Cash case and in the Samurai case, the
40:16
vast majority of people were using those services for
40:20
privacy. Only a small percentage of
40:22
people were committing crimes with it.
40:25
Now compare and contrast that with how many people are using
40:29
the traditional financial system to commit crime and how many
40:32
people are using cash to commit crime.
40:36
It has nothing to do with those things.
40:39
It has to do with the fact that the government wants to retain
40:43
the monopoly on money. That's all it has to do about.
40:46
And over time, Bitcoin will continue to expose them because
40:52
eventually they're going to have to ask a very important
40:55
question, which is why I focus on Dave Smith, I focus on
40:58
Russell Brand, I focus on Trump, and I focus on these people that
41:02
are popular outside of the Bitcoin echo chamber.
41:05
All we have to do, our goal is to get the majority of people
41:10
asking what is money? And why should money have to
41:15
lose purchasing power in order to function?
41:19
The world has been psyopped, psyopped into thinking that
41:24
inflation is part of Mother Nature.
41:26
Think about it. Think about how politics.
41:29
I saw like, like a speech of Kamala talking about how she's
41:35
going to bring down inflation. Even Trump, I saw Trump talking
41:39
about this. OK, They passed the law called
41:45
the Inflation Reduction Act. You know what they did?
41:50
They spent a fuck ton of money. How is spending money that we
41:54
don't have going to reduce inflation?
41:58
The only thing that is going to reduce inflation is cutting
42:01
costs. The problem is that you have to
42:04
trust in the discipline of these federal bureaucrats not to spend
42:09
money, and they have no accountability.
42:13
This is what when people talk about the deep state, it's not
42:16
really a deep state. It's not like this grand
42:18
conspiracy. It's very simple.
42:20
There's a Bureau, there's a bureaucracy that regardless of
42:25
who gets elected into office, remains in power, which means
42:30
that there's no accountability. And that bureaucracy is fed by
42:34
the money printer, and the money printer is fed by the work and
42:38
energy and time of not only the American people, because the US
42:44
is the world reserve currency of any war, any, any person around
42:49
the world that is holding dollars.
42:51
This includes central banks and individuals in countries where
42:54
they have a failed Fiat currency.
42:56
They are literally footing the bill for the expenses of the US
43:01
government, full stop. That's what it's about.
43:05
So, yeah, this is a revolution. This is this is a change up.
43:10
This is about saying enough is enough.
43:12
The reason you can't afford housing, the reason you can't
43:15
afford food is because the people in DC can't help but to
43:21
print money. And this is what the separation
43:23
of money and state is all about. And don't get distracted with
43:27
the like all of that. It's like hidden behind legalese
43:33
and emblems and all these things to make it look official.
43:37
All they're saying is like, look, we don't like this thing.
43:40
This this shit sucks. And we're just going to like,
43:45
it's money laundering, It's terrorism.
43:48
I'm going to say something crazy, OK?
43:50
I don't think terrorism would be a thing if everyone was on a
43:56
Bitcoin standard. I don't think it would be a
43:58
thing. I think if most people are very
44:01
simple minded people, OK, including myself.
44:03
We're very, very simple. You want to have a family, You
44:06
want to provide for your family, You want housing.
44:09
That's it. That's 99% of people on planet
44:12
Earth, OK? Bitcoin enables that.
44:16
It allows everyone to live the American dream no matter where
44:20
you are on planet Earth, because life gets progressively cheaper,
44:24
as it should be. This is the case that Jeff Booth
44:26
is making. As technology like improves and
44:31
productivity improves, the prices of things should go down.
44:35
But they're not going down because governments are
44:38
artificially making the prices of things continue to go up
44:43
forever because they're printing money and they have to coerce
44:47
you into that system. That system requires censorship.
44:50
That system requires wars in order to continue to function in
44:55
order for it to be deemed legitimate.
44:58
You want to know why they're freaking the F out with Elon and
45:01
X and Noster? It's because they can no longer
45:05
control the narrative. Remember Naeem Bouquet's piece?
45:08
Their most important weapon is their control on the truth and
45:13
they're willing to lie, smear, confiscate, print in order to
45:17
can keep their control on the truth.
45:19
Imagine if that cat gets out of the bag and your aunt that comes
45:25
to Thanksgiving dinner is like, wait a second, like inflation
45:29
isn't necessary. And you're looking at her and
45:31
you're like, Yep. What do you think she's going to
45:34
say? All of a sudden, those political
45:37
speeches and all that rhetoric coming up from politicians, It's
45:40
she's going to be immune to it. And then all of a sudden the
45:43
racket, the party that's happening in Washington, DC,
45:47
it's over. It's game, set and match.
45:50
That's what we're fighting for. It's a peaceful revolution.
45:53
It's an information warfare. And yeah, we just have to get
45:57
the message out there. But dude, Opti, how fucking
46:00
funny are those papers, bro? It's like digital currencies
46:06
aren't money, but because they don't have legal tender status,
46:10
we at the government haven't deemed them as money, but we're
46:14
still going to apply the same rules that apply to regular
46:18
money on top of virtual assets. I don't know why, right?
46:22
It's it's just hysterical man at this point.
46:25
Yeah. And it really reminds me of a
46:27
tweet you put out this weekend that was really good.
46:29
So I'm reading you said governments still think they can
46:31
regulate Bitcoin. They will learn that Bitcoin
46:33
will regulate governments. And I think this is what's going
46:36
on. And of course, as a new
46:38
technology gets adopted, they try to, you know, put a, a
46:42
square peg into a, a circle hole.
46:44
And, and this is what we're seeing.
46:45
And This is why you see so many politicians out there try to use
46:49
the same old rhetoric to explain or rather like hamper Bitcoin.
46:54
But as we constantly see, like Bitcoin will fundamentally
46:58
change how our laws are written and how we interact with those
47:01
laws. And this is what we're going to
47:03
be experiencing for probably the next decade or two.
47:06
And this is where we are right now.
47:08
Like people have to update their software right now because we
47:11
have new, better money technology and it doesn't fit
47:14
into the old world that we are so used to.
47:16
And This is why you're seeing so much commotion and so much, I
47:19
don't know, vitro hate towards Bitcoin is because it
47:23
fundamentally up and everything. It kind of reminds me of, you
47:27
know, the the meme, like if you're fed up with the game,
47:29
then you then turn over the table.
47:30
Well, like that's what Bitcoin has facilitated.
47:33
And going back to that like coin Center story in the beginning,
47:36
you just love to see it because we, we constantly talk about
47:39
this in, in regards to just the very simple meme of like, like,
47:43
if us individuals treated our balance sheet like the
47:47
government treats their balance sheet like we would all be
47:49
bankrupt and poor. And yet for some reason people
47:52
still think that, oh, just because the government does it
47:54
like it's OK. And you know what's the debt is
47:57
money we owe ourselves and all the different memes that they
48:00
use to. To.
48:01
Try to explain this, all the mental gymnastics that they
48:04
tried to unleash and gaslight on the population to continue to
48:09
print more money. It just, it's just very obvious.
48:12
It goes back to what we say all the time of Bitcoin.
48:14
Bitcoin has a way of exposing people's incentives and it will
48:18
continue to do that. And until the laws at least
48:23
reflect reality or the real nature of what Bitcoin is like,
48:27
we have a lot of work and it's it's going to be an uphill
48:29
battle. So yeah, man, a lot, a lot to be
48:31
done on the ground. 100 percent, 100%, we got to keep iterating
48:36
that that message home every single day until everyone
48:40
understands that money doesn't have to lose purchasing power in
48:43
order to function. All right, guys, we still got a
48:46
hell of a show lined up for you guys.
48:48
Let's get to the culture. Let's check the daily culture.
49:00
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All right everybody, let's get to the culture.
50:00
I'm excited to talk about this man cuz opti.
50:03
Whoa, what just happened there? There we go.
50:05
I messed up. That was me.
50:08
So, I mean, can we say, I mean, can we say we told you so?
50:12
I, I, I think, I think we could say that, right?
50:15
Wait, actually, Nico, let's let's do some context here
50:18
because you were in a space over the weekend and you laid out
50:23
these very concerns. And the response that I heard
50:26
was just like, trust me bro, things are working on the back
50:29
end that you'll see very soon. And then we got this news.
50:32
So you want to lay that context out a little bit?
50:35
OK, OK. OK.
50:36
So so we've been covering this over the last couple.
50:40
First of all, I just want to disclaim this guys like I can
50:43
care less about all the other political issues because I, I
50:48
believe that the other political issues stem from broken money.
50:52
You fix the money, you fix the world.
50:54
That being said, that's where I'm coming from.
50:56
So whether it's Team Kamala or Team Trump that are like, oh,
51:01
pro Bitcoin, I'm going to stand behind the party and the people
51:05
that are pro Bitcoin. That's it.
51:07
Because they're furthering my cause and my cause is the
51:10
separation of money and state. Fix the money, fix the world.
51:13
I think we've, we've made, we've laid out the case this entire
51:16
episode as to why that's important.
51:19
That being said, over the last couple of weeks with Trump
51:23
speaking at the Bitcoin conference, with RFK speaking at
51:26
the Bitcoin conference and it being an election year, a major
51:30
part of the Democratic Party's constituents are Bitcoin
51:35
holders. It doesn't look good that the
51:38
Democratic Party is taking an anti Bitcoin stance.
51:43
Their actions continue to show that.
51:46
But their rhetoric, they're walking it back a little bit.
51:49
That's why you're seeing stuff like crypto for Harris and you
51:54
know, the Democratic town hall, the crypto Democratic town hall
51:58
hosted by Mark Cuban and Anthony Scaramucci.
52:02
And you know, they there, there's people from the White
52:04
House that appear that appear at the town hall.
52:06
And then they ask everybody, do you feel like Bitcoin and crypto
52:09
has been targeted? Everyone raises their hands, but
52:12
like nothing gets done, right? It's all like a horse and pony
52:15
show. It's all talk the way that I've
52:17
been seeing it. So but I do, I do.
52:20
And I want to clarify this for anyone watching, I I appreciate
52:23
the efforts and shout out to our our friends over at the
52:27
Progressive Bitcoiner. Shout out to Dennis Porner,
52:30
Dennis Porter and shout out to, I think the Crasenstein tween,
52:34
the Crasenstein twins were the ones that hosted this space, but
52:39
they hosted a space called Democrats for Bitcoin.
52:42
And I joined the space and a lot of the talk that I was hearing
52:46
was essentially like, we've made progress with the Democratic
52:50
Party. You know, this is a party of
52:52
intellectuals and it takes time for them to kind of process on
52:56
ideas and process policy. And when I went in there and I
53:00
said, listen, like, I empathize with you guys.
53:03
I understand that. And I I I I do I I I I do like I
53:08
I, I understand where you guys are coming from, but let me lay
53:13
out the facts. Operation Choke .2 point O the
53:16
denial of Caitlin Long's federal banking charter, the attack on
53:20
Bitcoin self custody, the arrest of the samurai wallet
53:24
developers, the arrest of Rodger Burr, the arrest of the tornado
53:28
cash developers, the proposed 30% Bitcoin mining tax.
53:32
Like like you, you might be hosting this town hall, but the
53:41
same day that you hosted a town hall, the Federal Reserve and
53:45
the FDIC sued customers bank customers bank is like literally
53:51
one of the last remaining pro Bitcoin and crypto banks in the
53:55
US. So just because you're hosting a
53:58
town hall and at the end, like it's like you're, you're having
54:02
a conversation with me and at the on my back, you're just
54:05
slapping me in the back like that's essentially what's
54:07
happening. And I brought up all these
54:09
points and I like it. And to give them credit, they're
54:14
like, yeah, it's time for action, right?
54:16
It's time for, you're right, Nico, it's time for action to
54:19
give them credit. And that's what I'm waiting for
54:23
as a single issue voter, not trying to bash the Democratic
54:26
Party. Like, I appreciate the efforts
54:30
and the talking, but I don't see any action.
54:35
And now from the other perspective, because a lot of it
54:37
was like attacking Trump that Trump wasn't going to keep his
54:40
promises and whatever, OK, fine, you could be right and Trump
54:44
could be a sleazy guy because that was one of the arguments
54:46
that was being talked about. But but I know that now Trump,
54:53
part of Trump's donor base are bitcoiners #1 number thing.
54:59
I know. The second thing I know it is
55:02
officially part of the Republican Party platform to
55:06
protect the right to self custody and to protect the right
55:10
to mine. So again, from the other side,
55:17
and this is what they kept trying to tell me in that space,
55:19
they were like, trust me bro, we're making progress.
55:23
And my response is like, don't trust verify.
55:27
One side is officially made it part of their policy in their
55:32
documents. The guy said it in a speech.
55:36
And then the other side, I haven't heard Kamala say
55:39
anything about crypto or Bitcoin once and her actions are showing
55:45
that she's hostile towards it officially.
55:48
Today the Democratic Party came out with their official platform
55:54
and there is absolutely no mention of Bitcoin or crypto.
55:59
So I mean, like, I got, I got to, I got to say guys like,
56:05
like, you know, say what you want, but like, at this point,
56:12
I'm just looking at like, you can say that Trump's a liar, but
56:17
at least Trump's saying that he's going to protect it.
56:21
The other side is saying nothing.
56:22
If anything, they're attacking it, right?
56:26
Not to mention the fact that we know that Elizabeth Warren has
56:31
lied in the past using legacy media outlets like I believe
56:36
this one was the Wall Street Journal to convince the American
56:41
public that Hamas. This happened during the, the,
56:46
the, the whole thing in Palestine and Israel.
56:49
Hamas was using Bitcoin in order to launder money.
56:53
It came out after the fact that the vast majority of money, and
56:58
this was confirmed by the way, by the head of FinCEN, the vast
57:02
majority of money being laundered toward terrorist
57:04
organizations is done, done through the traditional
57:08
financial system. We also have videos of Elizabeth
57:13
Warren on record talking about how she wants a central bank
57:18
digital currency. So like, I'm sorry, like, OK.
57:24
And last thing that I'll say, Kamala is part of the executive
57:32
branch today. She can free Ross today, like
57:37
right now. So like, at what point does it
57:41
get to where you're just like, like, look, guys, like I
57:47
appreciate the efforts. I get that you might think
57:51
orange man is bad and orange man is divisive.
57:54
And and I understand that. And there's a lot of things
57:56
about Trump that are not perfect, but at least he's
57:59
saying, like, we're all going to get rich and have fun with your
58:03
little bitcoins. Like, you know, at least he's
58:06
like, I'm going to fire Gary Gensler.
58:08
Like, at least he's saying all the right things.
58:11
At least they're making it part of the party platform.
58:14
At least I know that our industry are major donors
58:18
towards the Trump campaign and the Republican Party.
58:21
Like the best argument that you have is we're making progress.
58:27
Trust me, bro, that that's the argument that that you're, that
58:30
that's the argument you're making.
58:32
And I think that's a nonsensical argument.
58:34
I think that's a bad argument. Until you show me something
58:38
where Kamala comes out with an official statement that says we
58:43
are changing our stance on our current Bitcoin regulatory
58:47
policy. I just don't believe you.
58:50
Why should I? Why should I believe you?
58:53
Why? Why should I vote for a party
58:57
that for the last couple of years has been extremely hostile
59:00
towards the industry? And why should I not vote for a
59:04
party that's literally saying I will protect your industry?
59:07
I'll make sure Bitcoin goes to the moon.
59:09
And then if you despise Trump, you have the other option, which
59:14
is RFK. Like, at what point are you just
59:17
like, no, I, I, I don't believe you anymore.
59:20
Like, when does it get to that point?
59:22
Because this is insane to be honest.
59:26
I mean make making a few points. So like I think we could we both
59:29
agreed and we said this on the show before people just like
59:32
call us whatever, you know, like MAGA boys or whatever, you know,
59:35
like we're such we're looking at this from a very simple
59:38
perspective. It's like pro Bitcoin, anti
59:41
Bitcoin, and as much as we would agree with like a lot of people
59:45
in that space that are saying like, that's not what all
59:48
Democrats believe. You know, we've said it on this
59:50
show that from our view, it looks like the you know, quote
59:54
UN quote Democrat elites for the people ruling the party are not
59:57
following what their constituents think because
59:59
Bitcoin is a bipartisan issue. It's for anyone out there.
1:00:03
But from what we're seeing this trust me, bro, thinking of like,
1:00:06
oh, they're going to change their their their view on this,
1:00:09
bro, like, trust me, you know, Vote Blue no matter what type
1:00:11
thinking it it really it really kind of goes to that meme that
1:00:15
you said earlier. It's like this isn't about.
1:00:16
Voting via party lines here, this is about their views on
1:00:20
Bitcoin because Bitcoin does allow for the most prosperity
1:00:23
for individuals and that's what we really love the most.
1:00:26
And that's the big issue here going on where people are
1:00:29
getting lost in party lines here and we're like, one is seemingly
1:00:34
pro Bitcoin and the other is actively fighting it.
1:00:37
And they're like, oh, you know, you can't blame Kamala for, you
1:00:40
know what Biden administration did.
1:00:41
And it's like she's in power right now.
1:00:43
And just going further. Let's read, you know, the 2024
1:00:46
GOP platform official policy here.
1:00:49
And it is champion innovation. Republicans will pave the way
1:00:53
for future economic greatness by leading the world in emerging
1:00:56
industries, specifically citing crypto.
1:00:58
Republicans will end Democrats unlawful and UN American crypto
1:01:01
crackdown and oppose the creation of a CBDC.
1:01:04
We will defend the right to mine Bitcoin and ensure every
1:01:07
American has the right to self custody of their digital assets
1:01:10
and transact freely from government surveillance and
1:01:13
control. As a bitcoiner, that sounds like
1:01:16
what sounds like what we say every single day.
1:01:19
Like full. Stop be like like come on now
1:01:21
guys, like come on. We have tried so hard.
1:01:25
I got I got upset with Opti at one point, OK, Like we have
1:01:29
tried so hard because Opti was like Trump derangement Syndrome
1:01:33
and I got so upset with Opti. I'm like Opti like be inclusive,
1:01:35
bro, what are you doing? We have slow walk this for
1:01:40
months and I think I broke the moment that they put the samurai
1:01:45
wallet guys in jail. I snapped.
1:01:48
I'm like, no, this has to be said.
1:01:50
This has to be talked about. They've had plenty of time right
1:01:54
and by the way, I do want to give a shout out to ROH Khanna
1:01:57
and I do want to give a shout out to I believe also the Chuck
1:02:01
Schumer, the Democrat Senate Majority Leader, because they
1:02:05
have been talking about talk right.
1:02:07
They have been talking about, you know, changing the stance
1:02:10
and being pro innovation and being pro Bitcoin and being pro
1:02:13
crypto. But talk is talk is cheap.
1:02:17
I, I want to see actions like you, you guys are in power now,
1:02:20
right? Like look, if the Republicans
1:02:23
are pro Bitcoin and crypto, the Democrats control the house,
1:02:28
sorry, the Senate and the Democrats control the executive
1:02:31
branch. They can pass a pro Bitcoin
1:02:35
crypto bill right now. There should be no reason as to
1:02:38
why that's not happening, right? So I mean like guys, I've we've
1:02:43
laid out the case we've tried to be inclusive in our messaging.
1:02:46
We've literally slow walked the F out of this to a point where
1:02:51
like, you know, where there's smoke, there's fire, bro.
1:02:54
Like come on now. It's just like it's it's pretty
1:02:58
obvious, dude. Like I don't know what else.
1:03:00
I don't know how. I don't know how else we can say
1:03:03
this Opti. Yeah, I mean, and, and further,
1:03:05
you know, I haven't voted since O 8 and I voted for Obama like
1:03:10
because I really believed in the rhetoric here.
1:03:12
So I don't I don't want to get painted as like this, you know,
1:03:15
Republican conservative person. Like I'm, I'm not a Republican
1:03:18
nor a Democrat, like I'm a Bitcoiner.
1:03:20
But it's becoming very clear in this election that I might
1:03:23
actually have to vote again. And it's been what like 16 years
1:03:28
or something. But the way I'm seeing it is
1:03:31
like one's pro Bitcoin, one is not.
1:03:34
While I will admit that both parties will have to do a lot
1:03:37
more for me to actually get up and vote, it does feel like this
1:03:40
is a very important election, at least in terms of of pro Bitcoin
1:03:44
and anti Bitcoin stances here. And as someone that wants to
1:03:47
further Bitcoin adoption and, and not have to, you know, flee
1:03:51
my country, I want to have an industry that does prosper in
1:03:54
our world. And one side is making it very
1:03:57
hard to believe anything they're saying when they say one thing
1:04:00
and then their action completely disregard what they're saying.
1:04:04
And I think this is what we're talking about constantly on the
1:04:06
show. Just the hypocrisy.
1:04:08
Yeah, 100% like like put up or shut up.
1:04:11
Like like, like it's, it's another thing also like I got to
1:04:16
say like the price control thing, that's not a good look.
1:04:21
Like this is just like, come on now.
1:04:24
Like come on. Like we're, you know, like we're
1:04:28
bitcoiners or Austrian economy. Like you're talking about price
1:04:30
controls like dude, like that's straight up fucking communism,
1:04:34
dude. Like I don't know how else to
1:04:35
say it like it's fucking crazy man.
1:04:39
Anyways guys, I hope you enjoyed the Monday edition August 19,
1:04:44
2024 of simply Bitcoin live. If you guys enjoyed the show,
1:04:49
you know to do smash the like button, consider subscribing if
1:04:52
you feel like we provided you value and of course leave a
1:04:55
comment. Please let us know like I, I, I,
1:04:58
I, I ask you guys, please, if you believe that I'm wrong, if
1:05:03
you believe that I'm seeing something that's not there,
1:05:07
please let us know down in the comments so that I could like,
1:05:11
you know, so that we can include it in the messaging.
1:05:15
I love the progressive case for Bitcoiner guys.
1:05:17
I'm in constant communication with them.
1:05:20
Love Dennis Porter, love what he's doing on a state level,
1:05:23
communication with them, not trying to shit on their efforts
1:05:27
whatsoever. And I'm not trying to shit on
1:05:29
the Democratic Party either. I'm just like also not blind.
1:05:34
And like, you're saying one thing and then doing the other
1:05:40
is like, it's not exactly, you know, building my confidence up
1:05:46
in how you're going to treat the industry from a regulatory
1:05:50
perspective. So I hope they change course.
1:05:53
I hope this becomes a nonpartisan issue like it should
1:05:56
be, but this election, honestly, from a regulatory perspective, I
1:06:03
think the Republicans would be a better vote or RFK.
1:06:08
Just just a thought. Anyways guys, love you all and
1:06:12
we'll see you on the next episode of Simply Bitcoin Live.
1:06:18
Episode was brought to you by bitcoinwell.com on a mission to
1:06:22
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