Latest / Simply Bitcoin / The Attack on Bitcoin You Never Heard Of | EP 562

Transcript

The Attack on Bitcoin You Never Heard Of | EP 562 · Simply Bitcoin

• 0:18
  Yeah, welcome to another episode of Simply Bitcoin live.
• 0:22
  I'm your host Nico, we are your number one source for the
• 0:25
  peaceful Bitcoin Revolution recover, the Bitcoin, use the
• 0:30
  Culture, the fails by the central Bankers, the memes, all
• 0:34
  of it. We have a very special show for
• 0:36
  you guys lined up. It's the continuation of the
• 0:39
  separation of money and state and boy does the state.
• 0:44
  They don't want to give up the keys.
• 0:45
  I mean, can you blame them? They are psychopaths.
• 0:48
  Anyways, I want to give a shout-out to our special guests
• 0:51
  all the way from the UK. How you doing Ragnar?
• 0:54
  I'm great. We go.
• 0:57
  Thanks for inviting me on to the show, happy to be here, happy to
• 1:03
  have you and of course the legendary Optimist Fields.
• 1:08
  What's up? Nico?
• 1:09
  What's that Ragnar? What's up, everyone?
• 1:11
  Forgive me, I am in Austin. I do not have my green screen
• 1:15
  today. I am live from Austin and you'll
• 1:20
  see behind me that I'm in. I'm in the office.
• 1:24
  I got some some cool Vibes over here.
• 1:27
  Sighs. Anyways for today, guys.
• 1:29
  We're going to cover the how to be a Bitcoin maximalist Pete,
• 1:31
  Rizzo's article that dropped on Forbes.
• 1:34
  I think I think there's a lot of signal in there and it
• 1:36
  definitely tells why we are bitcoiners and why we you know
• 1:41
  are called toxic. And so I think there's going to
• 1:44
  be an interesting one. I hope you guys have a good time
• 1:46
  and of course, see us tomorrow at B Block.
• 1:49
  Boom, your boy will be there. So, let's get into this Niko.
• 1:53
  This is gonna be a good day. Absolutely.
• 1:55
  So tomorrow we will I'll be streaming from the bit block
• 1:58
  boom about account. So no episode but simply Bitcoin
• 2:02
  will be hosting all the bit block boom event from 8:45 a.m.
• 2:07
  in the morning all the way till 5 p.m. it's going to be awesome.
• 2:11
  We will you know we will make sure to post it on our Twitter's
• 2:15
  check out the bit block. Boom, Twitter account.
• 2:17
  We will also be posting it from the simply Bitcoin account.
• 2:20
  It's going to be a lot of fun. It's one of my favorite concert
• 2:22
  conferences, it is definitely one of the most maximalist.
• 2:27
  It says, there are definitely one that I definitely want to
• 2:29
  recommend it if you guys haven't been.
• 2:32
  That's I think that's how I'll be an Optimum at actually.
• 2:34
  Literally, this is how we met for the first time in person was
• 2:38
  a bit block. Boom, two years ago.
• 2:40
  Amazing how far we've come amazing.
• 2:42
  But anyways guys, it's time to start the show.
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  and five SATs per dollar. 4830 block height, 750 1261 reachable
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  Bitcoin nodes 14,000 896 that number needs to continue going
• 3:31
  up. That's why you guys should be
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  running your own Bitcoin note. If you don't you're trusting
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  someone else's. That's a big No-No blocks to The
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  Happening. 88,000 739 happening estimate April. 22nd 2024 total
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  lightning network capacity 4570 for capacity value, we're at 94.
• 3:49
  Million USD that that number needs to keep going up that
• 3:53
  number needs to go, you could go back.
• 3:55
  Keep going up hash rate 207x a hashes realize monetary
• 3:59
  inflation 1.78 percent absolutely taking the US dollar
• 4:03
  to school market capitalization Bitcoin is a baby it's under 400
• 4:09
  billion US Dollars. This thing is absolutely tiny
• 4:14
  and of course today we're going to cover something if That was
• 4:19
  released yesterday and my opinion.
• 4:21
  It was bombshell news. Ferrari listeners.
• 4:26
  This is disclosed TV should definitely be following this
• 4:29
  Twitter account. It's awesome.
• 4:30
  And they re posted a video of Mark Zuckerberg, CEO of meta
• 4:35
  also known as Facebook on The Joe Rogan podcast.
• 4:38
  And he admits in this video, which we're going to play for
• 4:41
  you guys in a second that the media company was censoring for
• 4:47
  the FBI. Now, here's the thing.
• 4:49
  We are a bit coin show, after all meaning we are Bitcoin.
• 4:53
  I mean, we are freedom. Speech maximalist because
• 4:57
  Bitcoin functions the same way, right?
• 5:00
  So it's very scary that a government agency is getting to
• 5:04
  dictate, you know, whatever your political beliefs are not
• 5:07
  beliefs are not right, it's absolutely terrifying.
• 5:10
  That a government agency is dictating what speeches.
• 5:14
  Okay, what speech is not, okay and Opti and I have actually
• 5:16
  been covering this for quite awhile, right?
• 5:18
  We have efforts by the European Union.
• 5:21
  We had an attempt by the B Administration when they try to
• 5:24
  Lon. CH the ministry of Truth in the
• 5:27
  United States, right? This is very scary stuff and the
• 5:29
  reason that we wanted to cover, this right is look, what makes
• 5:33
  you think that if you're not allowed to say certain things,
• 5:36
  you would be the, you would have the ability to transact with
• 5:39
  whoever you want, right? So, the fight for freedom of
• 5:43
  speech is the Frontline for the fight for Bitcoin.
• 5:46
  So it must be defended, you can't capitulate on that, and
• 5:49
  then be surprised down the road where it's like, yeah, you can't
• 5:52
  do this right now. The component, right?
• 5:56
  Is, this is what they're just doing with speech.
• 6:00
  Now, could you imagine what they're going to be doing?
• 6:02
  What Central Bank? Digital currencies?
• 6:03
  Oh, wait a second. Did you just retweet a story?
• 6:07
  We don't like uh, your money unfortunately will shut down.
• 6:11
  If you think I'm exaggerating. It's already happening in China
• 6:14
  and it happened to the truckers and Canada, right?
• 6:18
  This is very important. We have to cover this stuff.
• 6:20
  You have to be on top of this. Anyways, I'm going to shut up.
• 6:24
  Let's play the video. Then we'll talk about it.
• 6:27
  How do you guys handle things? When they're a big news item?
• 6:32
  That's controversial? Like there was a lot of
• 6:35
  attention on Twitter during the election because of the hundred
• 6:39
  Biden, laptop Story, the nearer. We have those too.
• 6:42
  Yeah. So you guys is censored that as
• 6:43
  well. So we took a different path than
• 6:46
  Twitter. I mean, basically the background
• 6:49
  here is the FBI. I think basically came to us
• 6:52
  some folks on our team. I was like, hey, just so you
• 6:55
  know, like you should High alert.
• 6:57
  There was, we thought there was a lot of Russian propaganda in
• 7:01
  the 2016 election. We have it on notice that
• 7:04
  basically there's about to be some kind of dump of, that's
• 7:11
  similar to that. So just be vigilant.
• 7:13
  So our protocol is different from Twitter's with Twitter did
• 7:16
  is they said you can't share this at all we didn't do that.
• 7:20
  What we do is we have if something is reported to us as
• 7:25
  potentially missing information important misinformation.
• 7:29
  We also this third-party fact-checking program because we
• 7:31
  don't want to be deciding what's true and false.
• 7:33
  And for the, I think it was five or seven days.
• 7:38
  When it was basically being being determined, whether it was
• 7:42
  false, the Distribution on Facebook was decreased, but
• 7:48
  people are still allowed to share it so you can still share
• 7:50
  it. You could still consume.
• 7:51
  It will say the distribution is decreased, it got shared legs
• 7:55
  that work. It basically the right.
• 7:57
  In a news feed was a little bit less, so fewer people saw it
• 8:00
  than would have otherwise. So, it definitely by what
• 8:03
  percentage? I don't know off the top of my
• 8:05
  head, but it's, it's meaningful. But I mean, but basically, a lot
• 8:12
  of people are still able to share it.
• 8:14
  We got a lot of complaints that that was the case.
• 8:16
  You know, obviously this is a hyper political issue.
• 8:19
  So, depending on what side of the political Spectrum, you
• 8:21
  either think we didn't censor it enough or censored at way too
• 8:23
  much, but but we weren't sort of as black-and-white about it as
• 8:27
  Is Twitter, we just kind of thought.
• 8:28
  Hey, look if the FBI which I still view is a legitimate
• 8:32
  institution in this country, it's a very professional law
• 8:35
  enforcement. They come to us and tell us that
• 8:37
  we need to be on guard about something that I want to take
• 8:39
  that seriously. Did they specifically say you
• 8:41
  need to be on guard about that story?
• 8:44
  I know, I don't remember if it was that specifically but it was
• 8:48
  it basically fit the pattern. Dude, dude, absolutely
• 8:55
  terrifying. If they don't allow you to Abdi
• 9:01
  took the glasses off his camera. If they don't allow you to talk
• 9:07
  about certain things, what makes you think, they'll allow you to
• 9:11
  transact with whoever you want and then it's a slippery slope,
• 9:15
  right? If this is what they're doing
• 9:16
  just with information. What if they successfully
• 9:20
  Implement Central Bank, digital currencies.
• 9:22
  And what if they follow the path of China, right?
• 9:25
  Clearly. The First Amendment, the United
• 9:27
  States being thrown out the window currently.
• 9:29
  So what if they follow the path of China, right?
• 9:32
  Where if you tweet out certain things, if you Certain complaint
• 9:36
  as was the case with the people that are trying to get their
• 9:38
  money out of the bank. Right?
• 9:41
  Hey, you have a read QR code. You can access your bank
• 9:44
  account, right? It is very, very scary stuff
• 9:47
  man. We are definitely in the middle
• 9:48
  of this fourth. Turning.
• 9:50
  Absolutely scary. And this is really when you
• 9:54
  don't back down, freedom of speech, must be defended.
• 9:57
  Freedom of speech is the fur. It's the front line for the
• 10:01
  Battle of Bitcoin. This is why we talk about it.
• 10:04
  This is why we decided Discuss it and this is why you guys
• 10:06
  should definitely be in the know.
• 10:08
  Anyways, Opti, what your thoughts?
• 10:09
  Well, I was gonna Echo exactly what you ended this statement.
• 10:14
  And I'm really glad that you picked this for the numbers,
• 10:17
  because we say it all the time and you said it again, like the
• 10:20
  fight for freedom of speech is a Bitcoin fight.
• 10:22
  And furthermore, we tell you guys all the time, like this is
• 10:25
  why we are so adamant about Bitcoin being censorship
• 10:28
  resistant money, because, you know, or as we like to say on
• 10:32
  bitcoin Twitter, it is fuck you money.
• 10:33
  You know, like they can 2D platformer you, they can try to
• 10:37
  cancel you and if if you're I know I know I don't have my
• 10:41
  tinfoil hat on guys but like this should be terrifying to
• 10:44
  you. And I love how Nico always says,
• 10:46
  like they're burying the lead and I thought popped into my
• 10:49
  head. Like when they said that they
• 10:51
  will decrease the distribution of Truth or decrease the
• 10:55
  distribution of the media and II.
• 10:58
  That's why I added the truth Parts.
• 11:00
  Like they will do their best to stop the truth from being seen
• 11:03
  and they will use whatever. Our tactics I can on social
• 11:06
  media so that it doesn't spread and it's like this should be
• 11:09
  terrifying to you guys. I thought that you know social
• 11:12
  media and the internet is is a techno technology for us to
• 11:16
  spread truth to understand truth and here we have the Smoking Gun
• 11:21
  of giant social media platforms. Stopping truth and and the
• 11:27
  conversation of Truth on their platforms.
• 11:30
  In this, like I said, this should be terrifying and
• 11:33
  furthermore, I love how they added the the third-party
• 11:37
  fact-checking. Like let's be, you know, let's
• 11:39
  be objective in our fact check and they don't want to be the
• 11:41
  Arbiters of Truth and it's like man it should they should really
• 11:46
  make your head explode but again it's very subtle.
• 11:49
  If you're not a Bitcoin if you're not on the front lines
• 11:51
  trying to you know do your best to understand what's going on,
• 11:54
  you don't And that they are trying to suppress the truth.
• 11:59
  But the truth will come out and and you know it's just a matter
• 12:02
  of time. Look, if you look at yellow God
• 12:07
  damn it, yellow. Anyways, ragged are what are
• 12:09
  your thoughts on this? Oh how yellow.
• 12:14
  So like you know, it's you still wear when he said, you know,
• 12:24
  When Joe Rogan asleep did the FBI come to you?
• 12:28
  And he quickly realized his mistake and try to go back on
• 12:31
  the what he just said. The truth just came out and he
• 12:35
  tried to take it back with his body language.
• 12:38
  His eyes, you can, if you see it, you know, that these guys
• 12:41
  are fucking scumbags, you know. It doesn't like I don't, they
• 12:46
  are the people together. They big media, big of the
• 12:50
  government. The punk has all the same thing.
• 12:54
  They To control you. They want to, you know, stop
• 12:59
  whatever you have to say. Like if I use the example of my
• 13:04
  country do, if you are aware last year around the middle of
• 13:08
  middle of last year and just rebound from Twitter, will come
• 13:12
  speak on Twitter. Just because the government had
• 13:15
  a room with Jack Dorsey. And, you know, and the company
• 13:19
  Twitter, the government decided that because our president had a
• 13:23
  row Twitter, We burn all Nigerians from Twitter asks the
• 13:26
  punishments for Twitter but that was so you know these people
• 13:30
  want to control, you government will always want to control you.
• 13:34
  They don't care about the people.
• 13:36
  Don't have them care about us, they just want to control and
• 13:41
  unfortunately for them just like Bitcoin because his freedom you
• 13:44
  can't you can't censor information.
• 13:47
  Unfortunately for the Nigerian government while they did that
• 13:49
  thing, A friend of mine called me, I can't go to the idea.
• 13:52
  Is that if that I had a VPN See this Streisand effect?
• 13:57
  It's it led to millions of people in Niger, knowing what
• 14:00
  the VPN was, and within a few hours.
• 14:02
  Many people were back on Twitter.
• 14:04
  You cannot send some information and that is what we are doing
• 14:07
  here with Bitcoin. Bitcoin is an idea and is
• 14:10
  information. You cannot sinusoid.
• 14:12
  No matter how much you try. So I say that I'm keep on doing
• 14:15
  it. Try to censor our speech.
• 14:17
  We will keep doing what we're here for.
• 14:21
  Yeah, and I think that it's interesting because in and this
• 14:27
  is what I always say, right in in countries that in the United
• 14:33
  States, it's hard to miss that. But in Nigeria, you guys don't
• 14:36
  have a stable fiat currency, right?
• 14:39
  So it in correct me if I'm wrong Ragnar.
• 14:43
  You guys have some of the largest Bitcoin and shit coin
• 14:46
  adoption in the world because people are just choosing to opt
• 14:49
  out of that completely. That's true.
• 14:53
  Yep, that's true. We have, like, when I say
• 14:58
  America has the, when it comes to Capital base, in Bitcoin,
• 15:04
  America is like the, of course. That's where the capital lies.
• 15:08
  But it when it comes to adoption, in terms of pack up,
• 15:11
  like number of people, like Joe is a country of more than 200
• 15:14
  million people and over 30% of people are already aware of
• 15:18
  Bitcoin and crypto, the reason is simple.
• 15:22
  I want to develop Loose, you know, when the u.s. is complain
• 15:26
  of CPI of 9.1%. Imagine what we are going
• 15:29
  through. When the government telling you,
• 15:31
  that the CP lie is 17.5. The real inflation on the
• 15:37
  streets is more than 35%, definitely more.
• 15:42
  I spoke with siblings to be some things doubled in price, just in
• 15:45
  the last two weeks alone. So you know where, the reason
• 15:50
  for the background option is governments Can come out and say
• 15:54
  whatever they want to see, no matter d.c., the people are not
• 15:59
  going to listen to you because economic incentives, dry people
• 16:03
  or so you can sense of something that is making me free.
• 16:07
  That is why we are having that massive adoption.
• 16:10
  Are you can see it replicated in other places in other African
• 16:14
  countries of Asia countries and South African countries.
• 16:17
  You can stop the adoption. Unfortunately they can't.
• 16:21
  And they know that which is why they release that recent un
• 16:25
  report. Literally just complaining
• 16:27
  saying we must stop adoption of Bitcoin and shit coins in
• 16:31
  developing countries because they know they know they're
• 16:34
  losing their grip. But the way that they're framing
• 16:37
  it is hey because these countries are not because these
• 16:40
  countries are adopting Bitcoin and shit coins.
• 16:43
  That's a loss towards the country.
• 16:44
  When in reality, it's really a lost towards the bureaucracy
• 16:47
  that meant that meant that benefited from controlling the
• 16:49
  money, but A benefit for the people and none of these
• 16:53
  institutions ever cover, that which really exposes their
• 16:56
  incentives and that's what really Bitcoin does.
• 16:58
  It exposes incentives? But anyways, let's get to the
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  All right, so let's check out the news for today.
• 17:37
  Do you guys remember this account?
• 17:38
  If you were here, 2017 you remember.
• 17:42
  This is a cow, is called bit for next and their whole identity,
• 17:46
  the reason that they got very big on Twitter was because they
• 17:50
  basically came up with the original tether fun, right?
• 17:54
  It was, hey, Heather doesn't have all.
• 17:57
  The reserves tether is using, fake US dollars that they
• 18:01
  created out of nothing and they're using.
• 18:03
  That to buy Bitcoin, right? That was their Theory.
• 18:08
  And if you guys don't know, probably sure most of you are
• 18:11
  bitcoiners. So you don't really care, you
• 18:12
  just stacking. But tether is the three, the
• 18:15
  third, largest cryptocurrency and it is the most important
• 18:18
  stable coin, right? That's what people use to go
• 18:21
  trade in and out of Bitcoin. And in some developing
• 18:24
  countries, they even use it as a store of value because people
• 18:27
  can't shoulder the volatility of Bitcoin so they used Heather as
• 18:31
  that, right? And we also remember that a
• 18:33
  couple days ago, there was a hit piece by The Washington Post
• 18:37
  that Making the case that tether broke sanctions because they
• 18:40
  didn't freeze addresses that belonged to the tornado, cash
• 18:45
  sanction list and we're making the case that that is there
• 18:49
  setting the precedent, right? That's what the tornado cash
• 18:51
  thing was all about. It was never about going after
• 18:53
  North Koreans. It was basically the US
• 18:55
  government trying to make cryptocurrency and Bitcoin and
• 18:59
  extension of the current exclusionary system, right?
• 19:03
  Well, this guy got proven wrong, a couple days ago, tether
• 19:07
  release an independent audit report and it looks like they
• 19:11
  are backed. Let me read the announcements
• 19:14
  today. Eight other Holdings Limited
• 19:17
  made available. Its latest quarterly Assurance
• 19:19
  opinion completed by BDO a top five, ranked Global independent
• 19:23
  public accounting firm that at station reaffirms, the accuracy
• 19:27
  of tellers Consolidated reserves report which breaks held by the
• 19:31
  group as of January 3rd, 22. The group's call Consolidated
• 19:36
  total assets amount to at least 66 million billion US Dollars,
• 19:43
  the group's Consolidated total liabilities amount to 66 66 66
• 19:49
  billion two hundred million u.s. dollars roughly that.
• 19:53
  So, it looks like tether has more has roughly 200 million
• 19:57
  dollars more in assets than they have of liabilities, right?
• 20:02
  So, I mean, I'm just confused because and I was a big believer
• 20:08
  in the tether. Fun for a while.
• 20:11
  Does this disprove it? I don't know.
• 20:13
  What do you think, Optimus? I mean I was going to ask the
• 20:17
  same thing. It's like tether truthers in the
• 20:19
  news again, like, let's go. But will this stop the tether
• 20:24
  Fudd? I probably not.
• 20:26
  You know, I think is a nail in the coffin for agree.
• 20:28
  Like, well, I would fundamentally agree with you but
• 20:30
  will people stop talking about this on Twitter?
• 20:33
  Probably not, it's like It's we say it all the time, you know,
• 20:36
  once people once the Legacy Media catches on to a narrative,
• 20:40
  they continue to push this narrative in till it is
• 20:42
  fundamentally dead. And and I just hope that we are
• 20:47
  at the point where we can put the nail in the coffin on the
• 20:49
  tethered truthers out there because hey, you know, there was
• 20:53
  that that audit in the past that that made a lot of noise.
• 20:56
  And now we have this by other independent auditor and it's
• 20:59
  telling us that tether is, you know, more they have more assets
• 21:03
  than the Tethers out there and you know what's what's the meme
• 21:07
  on Twitter? Like unleash the tethers, you
• 21:09
  know, pump pump Bitcoin and man. Now knowledge literally just
• 21:15
  like it's just a me Mouse. Oh hey Nico.
• 21:18
  Will this kill the tether Fudd? I sure.
• 21:21
  Hope so. But as we know like it takes a
• 21:25
  lot to combat the bullshit narratives and and you know,
• 21:28
  we're doing our best to combat those narratives.
• 21:31
  But we're only two people on YouTube and see It's like
• 21:36
  there's a big army out there of tether truthers that are going
• 21:38
  to continue to spin this narrative so that, you know,
• 21:42
  Bitcoin is again, you know, criminals and it's Ponzi.
• 21:45
  It's like we know where their narrative is going to go, like
• 21:48
  we know how this is going to end, but I am glad to hear this.
• 21:52
  I'm glad to hear that the tether fud out there is just that and
• 21:57
  it's just fun and not that I was really concerned about it
• 22:01
  because it's like to me, I don't really care man.
• 22:04
  Like Like, it was never concerned to me, I was
• 22:06
  surprised. I mean, they are, they can't
• 22:09
  they've done sketchy things in the past.
• 22:11
  They've done sketchy things in the past.
• 22:13
  So like I'm like, there's no way this is back but I don't care
• 22:15
  because I'm a bit corner. But like dude, I think this they
• 22:20
  proved everyone wrong. I got beady eyes videos a huge
• 22:23
  firm so they put their name behind something like this,
• 22:26
  like, it's no joke, right? Anyways, Ragnar, what are your
• 22:29
  thoughts, man? I'm kind of happy that this
• 22:34
  audit came out and why am I, you know, why is important to me,
• 22:40
  you know, what are the alternatives for people outside?
• 22:44
  The West Hill? Am I going to tell my people to
• 22:48
  sign up to USD CD? And, you know, some of us here
• 22:54
  we need something that holds stable value.
• 22:58
  I'm not talking about myself, like we are when you're in
• 23:01
  between you and Bitcoin, you don't want to hold any
• 23:04
  government should coins at any time, but some Do not understand
• 23:08
  the value of Bitcoin yet want to hold temporarily at least in the
• 23:12
  short term, the value of their work and they prefer to do that
• 23:16
  in dollars because in the last two years my money the money of
• 23:20
  Nigerians have decreased in value.
• 23:21
  Exactly. Half against the dollar alone,
• 23:25
  you know, which to change for 1413, $1 to about 33 hundred and
• 23:32
  something naira currently has over 700.
• 23:35
  So you know who Holding imagine the irony, as a Nigerian,
• 23:40
  holding the dollar, you have doubled, whatever you had in my
• 23:45
  rebuttal witness, our American holding the dollar, you would
• 23:47
  have lost value against the products and services, you want
• 23:50
  to buy. So it's like that's how fast is
• 23:52
  like we see, the dollar is the cleanest shuttle in the laundry.
• 23:56
  They are all the same thing. All dirty, hold the coin and
• 24:00
  forget about it, but I'm kind of happy this came out because it
• 24:03
  should fail. The phone from the teeter-totter
• 24:06
  folder has been And for how many years now and it also allows you
• 24:10
  know, Tessa is more this. Well it's not automatic
• 24:14
  centralized. I mean that's more like USD.
• 24:17
  See that has a, you know, the control of basically the
• 24:20
  government and materialman all these guys that want to tell us
• 24:25
  what to do. Yeah, and man, I think the the
• 24:31
  point that you brought up where the dollar is the worst of all
• 24:35
  options like it's the best of terrible options, right?
• 24:38
  And now Bitcoin gives it competition, right.
• 24:41
  Which is why I think they're freaking out the way they are,
• 24:44
  right. But it's what you said, even in
• 24:46
  a country, like Nigeria, where the dollar is still terrible,
• 24:51
  but it's that much better than your local currency.
• 24:54
  And now you have Bitcoin, which is just Other than both of them,
• 24:58
  which really explains the adoption that you're seeing in
• 25:00
  Nigeria, and I suspect in more developing countries is going to
• 25:03
  follow that pattern. Anyways, the big news for today.
• 25:07
  Let's check it out. PayPal joins.
• 25:11
  The trust travel rule solution. Now I have to tell you guys a
• 25:15
  little bit about what the travel rule is.
• 25:17
  First, for you guys to kind of understand this travel will rule
• 25:21
  was recommended by the financial action, task force, or the fat
• 25:24
  fuh-fuh is an unelected Cracy. It's based in Paris and they get
• 25:28
  to pick and choose what the rules are for financial
• 25:32
  regulation, KY caml and all of that stuff.
• 25:36
  So again unelected bureaucrats are making rules that is going
• 25:40
  to affect your life. Anyways, check it out, the
• 25:43
  financial action, task force modified recommendation 16 which
• 25:45
  has been called the travel rule guidance to guard against money
• 25:48
  laundering and other illegal actions.
• 25:50
  The new travel guidance recommends virtual assets
• 25:53
  service providers, including exchanges Banks Ott, Des hosted,
• 25:57
  wallets, and other financial institutions.
• 25:58
  Now, that's the key word, you hear what they said, hosted
• 26:01
  wallets to share certain identifying information about
• 26:05
  the recipient or receiver for crypto currency, transactions of
• 26:08
  over you of over the dollar amount, or your amount of USD
• 26:13
  right? Or a thousand Euros.
• 26:17
  Now, guys, the amount of exchanges that have signed up
• 26:20
  to, this is absolutely alarming. I know what a lot of you guys
• 26:23
  are saying, it's like, okay, find.
• 26:24
  This is just part of the kyc as ml.
• 26:26
  This is the regulatory creep, right?
• 26:28
  This is what it's all about. This is how it starts.
• 26:31
  Soon. How long until they say, hey,
• 26:34
  you can't download a wallet from the App Store, that doesn't
• 26:38
  identify who your transacting with the certain amounts, the
• 26:43
  the the name of the person, the address of that person.
• 26:47
  And then again, that would just transform Bitcoin and how it
• 26:52
  functions into the existing system.
• 26:55
  And if you connect the dots with what they did with the tornado
• 26:58
  cash and how that scared the crap out of, not only the
• 27:01
  etherium people rely and then making them realize.
• 27:04
  Holy crap aetherium is run by Jeff Bezos controlled by the US
• 27:07
  government. But it also led to tether being
• 27:11
  attacked and saying hey tether you are breaking sanctions,
• 27:15
  right? So Make no mistake.
• 27:17
  This is the slow regulatory creep and most likely you are
• 27:21
  using an exchange that is participating in this.
• 27:25
  The only one that I didn't see is bull Bitcoin but the rest,
• 27:30
  they're participating, right? Strike is participating.
• 27:33
  Swan is participating. Gemini's participating Kraken is
• 27:36
  participating by Nance is participating bitrex.
• 27:38
  Block, fight coinbase. All of them, except for bull
• 27:45
  Bitcoin, maybe a couple other. And why are they doing this?
• 27:47
  They weren't asked to do this. They're trying to get ahead of
• 27:51
  the regulatory Hammer. That's eventually going to come.
• 27:54
  But the case that I would like to make is I think you need to
• 27:58
  hold the line. I think exchanges are prone to
• 28:01
  this because they are running a business which are vulnerable to
• 28:04
  governments. But I think as individuals you
• 28:08
  need to hold the line and I think this is only enforceable
• 28:11
  in countries that have strong financial systems because in
• 28:16
  Nigeria, for example, we're going to talk a little bit about
• 28:19
  that with Ragnar. Most people and correct me if
• 28:22
  I'm wrong Ragnar. And most people in developing
• 28:25
  countries, whether it's Venezuela Nigeria, they buy
• 28:28
  Bitcoin peer-to-peer, there's giant WhatsApp groups and
• 28:31
  telegram groups and people are like, hey can I get this 500?
• 28:34
  You know $500 worth of bitcoin here?
• 28:36
  Could you give me this price and that's how trade is facilitated?
• 28:39
  How do you implement that regulatory system onto that?
• 28:44
  And now Nigerians have access to the financial world, where in
• 28:48
  the Legacy system, these rails, Guardrails that they set up
• 28:53
  would be put in place so that it that wouldn't happen, right?
• 28:56
  And now if you actually look at the receipts and we had a really
• 28:59
  really in-depth episode with a ky caml expert and he dedicated
• 29:04
  a large portion of his life to this.
• 29:06
  He did the research. If you look at the effectiveness
• 29:09
  of AML and kyc, according to his research for audio listeners.
• 29:14
  Here's a picture. It says, market for aml's 400
• 29:17
  billion now, but here's the thing, right?
• 29:20
  Mark it It effects. How effective is a ml + KY C at
• 29:24
  stopping crime and seizing monies and funds associated with
• 29:28
  the crime? The it according to this report
• 29:30
  says the impact on criminal finances is point zero five
• 29:34
  percent. That's it, that's it.
• 29:39
  So why am I bringing this? Why am I bringing this up?
• 29:42
  Well it's the case that we were making about the UN it's the
• 29:45
  case that we were making about a lot of these institutions that
• 29:48
  are coming out of the woodwork attacking Bitcoin The world
• 29:51
  economic Forum included in there as well.
• 29:54
  Maybe it has nothing to do with to use the un's own world, their
• 30:00
  own slogan, maybe it has nothing to do with the prosperity of the
• 30:03
  world. Maybe it has to do with power
• 30:06
  and control. Because if you get to decide
• 30:10
  these arbitrary numbers, hey, any transaction over 1,000?
• 30:15
  You have to tell the government exactly what's going on there.
• 30:19
  That's a that's a very strong method of control.
• 30:22
  Right? And add K Central Bank, digital
• 30:26
  currencies in the makes. Don't you think they're going to
• 30:28
  enable even more types of control?
• 30:32
  So it's important that we call this stuff up, it's important
• 30:36
  that you're aware. It's important what this
• 30:38
  vocabulary is a ml K YC. It's important that you know
• 30:44
  that they're using vocabulary like hosted wallet like, on
• 30:47
  hosted wallet. That's letting, you know, that
• 30:49
  the on hosted wall is somehow abnormal.
• 30:54
  And in Europe, for example, they're making it even harder
• 30:57
  for you to take self custody. And I suspect most Western
• 31:01
  countries are going to go down that path because they benefit
• 31:04
  tremendously from having a monopoly on the creation of
• 31:07
  money and the power that comes with that Monopoly.
• 31:10
  I'm most bullish about developing countries because in
• 31:14
  developing countries, that's not the case at all.
• 31:17
  They just they use Bitcoin not to speculate not for, you know,
• 31:22
  for whatever reason not because they think they're going to get
• 31:24
  rich. They use country, they use
• 31:26
  Bitcoin out of necessity, right? So over there, it's like yeah,
• 31:30
  you might have those rules implemented on the Legacy
• 31:34
  system, but if people are not even using the Legacy system,
• 31:37
  they're just using Bitcoin to transact peer-to-peer in the
• 31:40
  Other Bitcoin economy can't stop the signal is what the case that
• 31:45
  we always make and then that puts the developed countries at
• 31:50
  a disadvantage economically with the developing countries because
• 31:54
  in developing countries it's a lot easier to do business
• 31:57
  because that red tape isn't there, right?
• 32:01
  Oh, God. I see the ominous clouds on the
• 32:04
  horizon. Anyways, Opti, what are your
• 32:06
  thoughts? Go off Nico.
• 32:08
  Go off King. Let's go up.
• 32:10
  First and foremost, a travel rules garbage.
• 32:13
  It's like, it's so anti Bitcoin. It's ridiculous.
• 32:17
  And the food code Nika, you can can tell you're like, no, no, it
• 32:21
  is. It is, it is, it is, how much
• 32:25
  better can you mean? It's just, it's so anti Bitcoin.
• 32:27
  It, Bitcoin is a pseudonymous network, guys.
• 32:31
  It literally you don't need your information to travel with your
• 32:35
  transactions. This is a feature, not a bug
• 32:38
  and, you know, as a paranoid Bitcoin I'm obviously not a fan
• 32:41
  of the travel rule as you can tell, but it's obviously hard
• 32:46
  not to see that. This is definitely these
• 32:48
  companies trying to get ahead of the regulation and trying to
• 32:50
  protect themselves. The whole like strength in
• 32:51
  numbers meme. But man it just it's so
• 32:56
  atrocious. It's like you said, point five
• 32:58
  percent of what of Of transactions or criminal
• 33:02
  activity. This is like they make us all
• 33:05
  look bad for literally how what point oh five percent of a whole
• 33:10
  might it's just it's absolutely amazing that we all get thrown
• 33:14
  under the bus for miniscule amounts of criminal activity.
• 33:19
  And furthermore, even if you allow that cash is the biggest
• 33:24
  factor in criminal activity, this is why they want cash.
• 33:27
  I think it was Nico who said it on, one of our other episodes,
• 33:31
  Like 80% of all cash is in hundred dollar bills and it's I
• 33:36
  know you don't have a hundred dollar bills just laying around.
• 33:39
  I wonder who has all that money laying around.
• 33:41
  But furthermore, back to the travel rule, travel rules
• 33:43
  Garbage, Guys? It's it's so atrocious.
• 33:47
  Like, why are why do these companies have to bend the knee
• 33:50
  to the state and I under, I understand, yeah, I get it, I
• 33:55
  get it, I get it. But I think this battle needs to
• 33:57
  be fought on an individual level companies, just want to make
• 34:00
  money Any, they have people to pay, I get that.
• 34:03
  So I think that that's what they're really trying to do is
• 34:05
  that they're trying to get ahead of the regulatory Hammer, but
• 34:09
  they're taking this initiative on their own.
• 34:11
  They're not being asked to do this.
• 34:12
  So I think it's more so of protecting themselves kind of
• 34:15
  guarding their selves but on an individual level when they try
• 34:19
  inevitably to try to get individuals to implement this
• 34:22
  system. That's really where we have to
• 34:25
  hold the line because think about it, the old system works
• 34:28
  very different than the old the new system, right?
• 34:30
  Bitcoins peer-to-peer the old system if I wanted to send Opti
• 34:34
  money unless I gave him cash, right?
• 34:37
  I would have to send it through a third party, right?
• 34:39
  Like, hey, yo, give me your cash app.
• 34:40
  So I would have to upload money to, you know, I would have to,
• 34:45
  you know, put money on cash app from my bank account for my bank
• 34:48
  account to cash app to cash out to Opti Cash Cash app to his
• 34:53
  bank. That's like three different
• 34:55
  institutions involved in that and that makes it very easy for
• 34:58
  governments to gate. Keep but now with Bitcoin is
• 35:01
  peer-to-peer and again, they're trying they're in the bargaining
• 35:04
  phase right now. They're trying to say, hey look,
• 35:06
  we can make, we can implement this connect.
• 35:09
  We could implement the old system of where we got.
• 35:12
  We had The Gatekeepers gatekeeper.
• 35:14
  We had the the third party gatekeeper for us now.
• 35:18
  They're trying to do the same thing.
• 35:19
  What they haven't realized, which is why they're coming up
• 35:21
  with the vocabulary like on hosted or ho.
• 35:24
  Hosted wallet is dude, you're just going to force people to
• 35:26
  take self custody store in Bitcoin spend in Bitcoin.
• 35:31
  Pay people in Bitcoin. And then what are you gonna do?
• 35:34
  Can't do anything, right? Anyways?
• 35:36
  Ragnar, are we crazy, bro? You have a unique perspective on
• 35:39
  this because you your Nigerian correct.
• 35:45
  I'm correctly. Go and you are you know 100%
• 35:48
  correct. You know we like Gia we use
• 35:54
  Bitcoin peer-to-peer and the reason is obvious because it's
• 35:58
  not banned in Nigeria but they translate you know the exchange
• 36:03
  of Bitcoin fulfill our purpose is what is Bond like you know
• 36:05
  Bank there are no the rails the banking rails have been caught
• 36:11
  by the government so nobody's saying you can Point.
• 36:14
  And because of that, even after that announcement was made last
• 36:18
  year, there was a massive premium on bitcoin the next day.
• 36:22
  You know, I keep talking about thing called the Streisand
• 36:25
  Effect where you try to make something, he didn't you move,
• 36:29
  you push people to want, find out what is that thing that the
• 36:32
  government doesn't want me to have.
• 36:35
  And if that had the effect last year and the know people came
• 36:38
  out to be coin and we use it here to pee like you said or
• 36:41
  what's up, especially massive Telegram.
• 36:44
  Groups, where you just? Come on.
• 36:45
  There's a nice cool. You know, individuals that are
• 36:48
  well trust that I'm act as escrow known in the group and
• 36:52
  when you just come on, I will I have this, you know, 2009 will
• 36:56
  be 37. So I'm going to say, please, let
• 36:58
  us deal and escort, text it up and within a few minutes is
• 37:03
  done, you see, we going in this way and people use it as
• 37:08
  peer-to-peer to settle treats by things and also you know
• 37:13
  impacting from outside. So you see people sending
• 37:17
  Bitcoin to China, to bring people's because we have
• 37:21
  available for trade relations with China people in part.
• 37:24
  A lot of things related to hands mobile phones.
• 37:27
  You know, is very common, very common trade in Nigeria because
• 37:31
  there are people now use mobile phones.
• 37:33
  While phones are pretty crazy that I think of this great but
• 37:36
  90% of the population already so people and the government's is
• 37:41
  you can spend more than $20 a month.
• 37:45
  Outside the country. Your own money.
• 37:46
  Your own money, your dollars dollars.
• 37:49
  You have not even the bank. Not even nine era in the bank.
• 37:53
  You got the dollars from an exchange.
• 37:56
  From a private exchange that monster is in the bank and still
• 37:59
  the bank will tell. You cannot use them on recently
• 38:02
  just yesterday. Yeah, few days ago we're having
• 38:06
  there's a big ol a shortage in Nigeria right now and people
• 38:09
  cannot even withdraw their dollars already.
• 38:11
  It's already happening. Many people don't know this yet.
• 38:15
  The news, what people are complaining individually, and I
• 38:18
  guess this is happening in other countries because the dollar is
• 38:21
  currently stars because of a general power is doing the
• 38:24
  lights cause everybody's looking for dollars to pay back their
• 38:26
  debts. So we are having these issues,
• 38:29
  but Beacon is there to be used, peer-to-peer in for anyone who
• 38:32
  is interested and people are getting that message, message is
• 38:36
  going out there. So if these people continue to
• 38:38
  do all these are travel, who we don't listen to them, like we
• 38:42
  love what we hear those things, it doesn't.
• 38:44
  Effect, most Nigerians because won't have anything mostly don't
• 38:48
  have much to do with exchanges, to be honest.
• 38:52
  Yeah, no. And that's what makes me so
• 38:55
  bullish on developing countries. Is that you guys skip that
• 38:59
  completely right? You because you never had to
• 39:02
  find it and it's something really interesting happened in
• 39:04
  Africa as well, right? And then we got to move on to
• 39:06
  the culture because we're running out of time that Africa
• 39:11
  skipped. The whole landline thing, they
• 39:13
  went straight to cell phones and I suspect with Bitcoin the way
• 39:16
  it works right? I suspect the same things going
• 39:19
  to happen. I think you I think after Of
• 39:22
  Africa is going to skip the Legacy Financial system and
• 39:25
  they're just going to go straight to bitcoin, right?
• 39:27
  It's just easier, right? If you guys already have mobile
• 39:30
  phones, if a large portion of the population has mobile phone,
• 39:33
  that's Bitcoin Works. Whereas in the Legacy Financial
• 39:36
  system, you need entire infrastructure.
• 39:39
  Just to facilitate that right? And it's perfect.
• 39:42
  And for example, in Bitcoin Beach, the reason that in El
• 39:45
  Salvador, the reason that it was so popular is because they
• 39:49
  couldn't get Legacy infrastructure.
• 39:51
  They're to set up debit cards and credit cards.
• 39:54
  So they skipped it all together and they went to bitcoin and I
• 39:57
  suspect an Africa, you're going to see the same thing and that's
• 40:02
  what really makes me extremely bullish for developing countries
• 40:05
  adopting Bitcoin versus developed countries, adopting
• 40:09
  Bitcoin because developed countries.
• 40:11
  The fact is that they were able to develop the financial rails
• 40:15
  to such an extent that it made a lot of people comfortable and
• 40:18
  complacent and they think oh cash app.
• 40:21
  Pallets so easy, it's so simple like wide, it's Bitcoin this
• 40:25
  things uncomfortable, and they completely miss out.
• 40:28
  What the benefits are of having a decentralized system versus
• 40:33
  centralized system. But I suspect in the next couple
• 40:36
  of years, right? As countries start to in the
• 40:39
  sovereign individual predicted this, as they start to lose that
• 40:43
  Monopoly on money, they're going to become more and more and more
• 40:47
  totality Aryan to use. Christine lagarde's own world
• 40:50
  words too. Try to cut off that escape
• 40:54
  valve, right? Because they can't have that.
• 40:56
  So anyways, really, really interesting, I'm very excited
• 40:59
  for the next couple of years. Guys, take self custody of your
• 41:03
  Bitcoin. You want it.
• 41:04
  You don't want to be caught with your pants down but anyways it's
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  off. What's up, everyone?
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  We are here for the daily culture and I hope you guys saw
• 42:07
  this article. If you You didn't, this is why
• 42:09
  I'm covering it because Peter is a dropped, another great article
• 42:15
  on Forbes about Bitcoin matter. So I'm gonna get into it a
• 42:18
  little bit. Show you guys, you know,
• 42:19
  highlight a few portions. I don't know if you guys read
• 42:22
  the whole thing, I definitely recommend it.
• 42:25
  I know that Forbes you have to pay for this stuff.
• 42:27
  I literally paid for this article so that I can get you
• 42:29
  guys this sauce in here because this is the information that I
• 42:33
  believe we need to spread that people need to hear more of
• 42:36
  this. As we say all the time, the
• 42:38
  powers that be Do not want to spread the positive narrative
• 42:40
  around Bitcoin, and it's just awesome to see work like this
• 42:45
  being published on something like Forbes.
• 42:49
  So, let's get into this by Pete, rezo, editor, Bitcoin mag and he
• 42:52
  goes how to be a Bitcoin maximalist.
• 42:55
  So I'm going to cover a few ports.
• 42:56
  And then we'll add our two sets on the end.
• 42:58
  So as he starts his, the call it, a sign of the bear Market,
• 43:01
  but the debate over Bitcoin maximalist is once again all the
• 43:04
  rage of course, everyone hates on the Bitcoin, Maxis, when the
• 43:07
  price goes sideways. You know, that there's no room
• 43:10
  for them to scam you anymore and oh the Bitcoin Maxis are so mean
• 43:14
  and there has been no shortage of articles on the subject on
• 43:17
  its origins in consistencies and what is relevant says, about the
• 43:21
  warring isms in the Market at large, it is a worthy effort
• 43:24
  after all the exploration succeeds in eradicating.
• 43:27
  One of the worst lenses imposed on the sector that its social
• 43:30
  groups are a symptom of investment asset Mania.
• 43:33
  No different from those blindly betting on Meme stocks in a
• 43:36
  traditional markets. Tell you guys all the time.
• 43:39
  That Bitcoin is not about speculations, about saving your
• 43:42
  wealth into the future minimizing the uncertainty of
• 43:46
  your future, wealth, being debased.
• 43:50
  Anyways, it's a view which while common in the media, excludes
• 43:53
  the essential differential, crypto currency Market isms are
• 43:57
  built on claims about the economic and computer science,
• 44:00
  advances, Bitcoin and cryptocurrencies have achieved
• 44:03
  and thus have a direct relationship to those claims.
• 44:05
  While some are the product entirely of fandom, others are
• 44:08
  more complex attempting to build the finest scientific position
• 44:12
  and then encourage beliefs and conduct based on those claims.
• 44:15
  Indeed, it is the latter definition, which best
• 44:18
  categorises, Bitcoin maximalist and why it has emerged as a
• 44:22
  Flashpoint for a crypto industry in the midst of a Down market.
• 44:25
  And he references his last Bitcoin Maximus article which he
• 44:29
  dropped surrounding the whole Nick Carter.
• 44:31
  My star is rising moment. And so in my most recent Forbes
• 44:35
  article, I introduced a three-point definition arguing
• 44:38
  the Is shaped by certain beliefs one that Bitcoin is a free
• 44:42
  market economy. And fair monetary system,
• 44:44
  operating outside the state beautiful that the advancements
• 44:48
  of its economy living limited by further invention.
• 44:51
  Agreed that all crypto assets compete.
• 44:54
  With this definition, offering weaker, guarantees for users,
• 44:56
  and does should be opposed to varying degrees.
• 45:00
  We say this all the time and shit coins are garbage.
• 45:03
  There's Bitcoin and their shit coins.
• 45:06
  But fundamentally the main problem with most of these Rick,
• 45:09
  they don't talk about trade-offs and I think Bitcoin Maximus
• 45:12
  always talk about trade-offs and we understand Bitcoin isn't
• 45:15
  perfect, but it's the best we have.
• 45:18
  And it is, you know, the bed, the best tool we have, like it
• 45:21
  just, that's what it is. So anyways, adding to the IRAs,
• 45:24
  the final point that Bitcoin maximalism isn't antithesis to
• 45:27
  the dominant ISM of the day crypto agnosticism or the belief
• 45:31
  that all or many crypto assets are unique investment in
• 45:34
  emerging asset class in which Bitcoin is.
• 45:36
  But a digital gold in the process of being Competed or
• 45:39
  replace still, I'll admit this definition stopped short of
• 45:42
  being satisfactory as Bitcoin Maxis Chief offense is its
• 45:46
  antagonism. And indeed, it is that practical
• 45:49
  applications. Its critics.
• 45:50
  Most often reject arguing Bitcoin maximalism encourages
• 45:54
  Bitcoin, Maxis to be intolerant belligerent and to ignore
• 45:58
  misrepresent. The reality of the market.
• 46:00
  In practice, what did we just talk about?
• 46:02
  In regards to the travel rule, they always always frame all
• 46:06
  bitcoiners as bad criminals because of of, you know, a small
• 46:09
  portion of individuals is because it's such an easy target
• 46:12
  to paint us all under a big broad stroke and be like, look,
• 46:16
  look at this bad Bitcoin Maxi, they're all like this.
• 46:19
  And it's like we are individuals.
• 46:21
  That means that individuals are going to act how they want to
• 46:23
  act. Furthermore, as we say all the
• 46:25
  time, you know, Bitcoin is for enemies.
• 46:28
  I don't have to like you just because you're in Bitcoin
• 46:30
  anyways, that I'm not going to get into it too much.
• 46:32
  I have even been accused of seeking to reclaim the term in
• 46:35
  my right, eating accusing, the bat are excusing, the bad
• 46:38
  behavior. Some Bitcoin maximalist in an
• 46:40
  effort to elevate the isms more virtuous tenants, what did I
• 46:43
  say? We even get frame when we try
• 46:46
  to, you know, speak nuanced about this like look we're not
• 46:49
  all like this one person, you get, you get caught.
• 46:52
  Oh you're just excusing the bad behaviors of certain people and
• 46:54
  it's like no there are assholes with in Bitcoin.
• 46:57
  Yes, that doesn't mean that Bitcoin is bad anyways.
• 47:00
  However my response would be that this is an essential
• 47:03
  exercise without separating the aspiration that ISM from its
• 47:07
  adherence, the is It's impossible to evaluate what
• 47:10
  Bitcoin maximalism encourages either in theory or in practice
• 47:14
  still should there be a gap between the ism in the is this
• 47:17
  piece will seek to correct it. So with that Vantage, my
• 47:20
  assertion is most Bitcoin maximalist are united in the
• 47:23
  following beliefs, which while challenging to the status quo
• 47:26
  are ultimately positive for Bitcoin users and Humanity at
• 47:29
  large. And so he States nine points.
• 47:32
  I'm going to cover them relatively quickly.
• 47:34
  I'll Point some of the things that I think are really cool and
• 47:37
  really, you know, we need to emphasize So number one, a
• 47:40
  commitment to safeguarding bitcoin, for future Generations.
• 47:44
  This is what we this is. Why bitcoiners are so Savage is
• 47:46
  because we understand that if this Bitcoin experiment works,
• 47:50
  it's going to be here for a long, long time.
• 47:53
  And I say it all the time in spaces, like what more noble
• 47:56
  goal do you have than trying to free Humanity from monetary
• 47:59
  enslavement? This is what we mean,
• 48:01
  safeguarding Bitcoin for future generation Bitcoin.
• 48:04
  Maxis. Believe that Bitcoin is the lone
• 48:06
  Global digital alternative to State manager.
• 48:08
  Economies that by virtue of its design can withstand both
• 48:11
  government attack and centralization over time.
• 48:13
  And thus, it alone among monetary system has the
• 48:17
  opportunity to offer truly neutral money in perpetuity,
• 48:21
  they therefore above all seek to preserve the future.
• 48:23
  Use of such a system by Humanity.
• 48:25
  In this view, bit Clacks, these foremost goal is to help other
• 48:28
  users secure, both the system itself, Bitcoin, and the assets
• 48:31
  and its economy Bitcoins for future use.
• 48:34
  We say this all the time, man, like we are standing up.
• 48:39
  For something that we believe in freedom, freedom of people to
• 48:43
  transact. And, and to do what they want to
• 48:45
  do with their money, why is there a small group of people
• 48:48
  that tell you how you can and can't spend your money?
• 48:51
  As we said in the beginning, it is your money.
• 48:53
  How can they tell you what, you can't and can do with your
• 48:56
  money? It's absolutely insane to me.
• 48:58
  Anyways, to commit to running the Bitcoin software, we tell
• 49:02
  you guys this all the time, use a node verify your transactions
• 49:05
  from the Genesis blog. So you know, you are running
• 49:08
  Bitcoin and Not using fake coin anyways.
• 49:10
  Bitcoin Max we believe that the defining feature, the Bitcoin
• 49:13
  economy is the ability of all users to audit its money supply
• 49:16
  in history of transactions by running software.
• 49:19
  This is what 2017 block war was about guys.
• 49:22
  This is why you can look over and shit corn Land and Sea, all
• 49:25
  the issues going on with the theorem right now is because all
• 49:28
  the servers are on AWS, no one can run a full node because, you
• 49:33
  know, we got to put everything on the on the blockchain world
• 49:36
  computer every transaction on the internet.
• 49:38
  To be on the blockchain know, your money should purely be
• 49:42
  money. Bitcoin doesn't need to have W
• 49:44
  bloated. With all this other stuff.
• 49:45
  I want it to purely. Be money feature, not a bug.
• 49:48
  Three, a commitment to slow software changes and in
• 49:51
  franchising users. As we say this all the time, you
• 49:54
  know, if you are a Dev in Bitcoin, it can be very hard for
• 50:00
  you to try to experiment because people will try fundamentally up
• 50:05
  front just to just tear you apart because don't fuck.
• 50:08
  With our money. This is what we're talking
• 50:10
  about. When we when we tell people like
• 50:12
  yo the more you mess with Bitcoin, the more you mess with
• 50:16
  the code, the less certainty there is in the code and in your
• 50:20
  money or your storing a value into the future.
• 50:23
  So again Bitcoin Maxi see Bitcoin as the product of
• 50:27
  Decades of failed attempts to build working digital cast and
• 50:29
  that this invention does not require significant Improvement.
• 50:33
  They believe should a gap between the capabilities of the
• 50:35
  Bitcoin software today and its full potential being covered up.
• 50:38
  Ruble of the technical change should be a slow and deliberate
• 50:41
  process. One, that is only made with near
• 50:43
  Universal consensus and no vocal descent member told you guys
• 50:47
  yesterday, I believe it was yesterday about Bitcoin is
• 50:50
  boring. This is a feature, not a bug.
• 50:52
  Don't fuck with the money. Don't mess with the monetary
• 50:55
  policy. Hey, if you want to Tinker go
• 50:57
  tinker and shit coin lamb, but you're not going to Tinker with
• 50:59
  Bitcoin code because don't mess with the code, guys.
• 51:04
  Stop adding uncertainty into the monetary Network.
• 51:08
  This this This is not helping anyone.
• 51:10
  This is actually doing more damage than good.
• 51:13
  This is because Big Macs must accept the right of all users to
• 51:16
  run and use a software at all time.
• 51:18
  As we tell you every single day, user node, running node verify
• 51:21
  your transactions. This is the way guys, you need
• 51:24
  to stop trusting P. Outsourcing your money to other
• 51:27
  people. Anyways, I know we're running
• 51:28
  were running on time limits, Nico, but a commit for a
• 51:31
  commitment to building products and service.
• 51:33
  All good, dude, it's the Friday. You could finish the front.
• 51:35
  All right, we say this all the time, man.
• 51:39
  You are a bit cleaner. We are capitalist.
• 51:41
  You should try to build on bitcoin, you should try to
• 51:44
  create product surrounding Bitcoin.
• 51:46
  And, you know, I endorse anyone trying to build on bitcoin as we
• 51:51
  say here, you know, Bitcoin Maxis acknowledged,
• 51:53
  entrepreneurs will attempt to build products and services for
• 51:56
  Bitcoin users, which operate outside the Bitcoin code base.
• 51:59
  But seek to hold these businesses to a high standard
• 52:02
  and we we get this all the time guys, as a Bitcoin maximalist
• 52:08
  company, a Bitcoin. Only company we are held to a
• 52:11
  higher standard I believe and and I accept it and I condone
• 52:14
  this and I tell me, call the time, we have a responsibility
• 52:19
  to be as ethical as we can, in our journalism, in the products
• 52:23
  that we endorse in our sponsors. Because we understand what is
• 52:26
  going on here. Guys bitcoiners should be
• 52:29
  building products on bitcoin. We should be advocating that we
• 52:32
  are, you know, capitalists that we want to continue and help the
• 52:35
  World by building on bitcoin. But Hold yourself to a high
• 52:39
  standard, guys. This is what do because hey, I
• 52:42
  don't know about you guys. But if you look around it, shit
• 52:44
  coin land, they are all greedy scammers that are just trying to
• 52:47
  push a pump and dump garbage. It's like they're recreating the
• 52:50
  Fiat World on the blockchain is like give me your plastic
• 52:54
  shrinkage but on the blockchain much Innovation big Welch.
• 52:56
  No give me substance. Give me something that will
• 52:59
  last. If I am going to give you my
• 53:01
  Bitcoin for a product, I fundamentally know that it
• 53:06
  better be a superior product because I do not want to trade
• 53:08
  my It coin for something that's not going to last a long time.
• 53:11
  Remember how many times I shil. Everyone is a scammer.
• 53:15
  Go to Nakamoto, institute.org and reread, everyone's a
• 53:18
  scammer. Get your mind right guys.
• 53:20
  But bitcoiners build on bitcoin, lets you need to push Bitcoin by
• 53:26
  creating the products that you want to see in, furthermore
• 53:29
  creating the products that people normies, the average
• 53:32
  person can use continuing five, a commitment to using Bitcoin,
• 53:36
  to the greatest extent as me and Nico talk.
• 53:38
  About all the time. You know, we seek to extend the
• 53:41
  Bitcoin economy. Like I tried to pay all my
• 53:43
  friends in Bitcoin. I'm not one of these very vocal
• 53:46
  bitcoiners and telling people, you know, at stores like you
• 53:48
  need to take Bitcoin but to my friends.
• 53:50
  I'm like, yo, all I have is Bitcoin, bro.
• 53:52
  Like, you know, pay whatever, like you're going to get
• 53:55
  Bitcoin, is that good with you? And they're like, yeah, cool
• 53:57
  man. So bit Corners.
• 53:58
  Except that the system today is not capable of yet managing the
• 54:01
  full Financial lives of users, but believe that over time.
• 54:03
  They can develop services that extend to the use of Bitcoin to
• 54:06
  Encompass more of this activity. What did I just say big?
• 54:08
  His build the products you want to see, you know, continue to
• 54:11
  build but just don't mess with the monetary policy.
• 54:14
  Please six a commitment to opposing censorship and
• 54:17
  surveillance. We literally just cover the sin
• 54:20
  in the news section of the Bitcoin software will be
• 54:23
  maximally successful Bitcoin Maximus seek to acknowledge the
• 54:26
  attack vectors by which the network could be subverted Nico
• 54:29
  makes fun of me all the time, you know?
• 54:31
  I'm the in-house truther. I'm very skeptical, skeptical
• 54:34
  of, almost anything surrounding Bitcoin.
• 54:37
  And this is a feature, not a bug.
• 54:38
  You know, bitcoiners are Bitcoin Max.
• 54:40
  These are the white blood cells of the network.
• 54:43
  I know we eat our own sometimes. I know I know that, you know,
• 54:47
  it's very toxic out there. But this is a feature, not a
• 54:50
  bug, we are here to protect the network, but also guys, again,
• 54:54
  build the product and push the things that you want to see
• 54:56
  world. So 7 a commitment to supporting
• 54:59
  mining by any. And all means we say this all
• 55:02
  the time, Nico, literally Minds. We go.
• 55:04
  We've gone so far into the receipts and regards, the proof
• 55:07
  of work that It's essential to the operation of the network.
• 55:12
  And, and to believe there are no alternatives to the system that
• 55:14
  exists without trade-off, that would reduce the viability of
• 55:17
  that economy. This is because at its heart,
• 55:19
  they believe proof of work is the only consensus method by
• 55:22
  which a cryptocurrency can be distributed to anyone in the
• 55:24
  world in a free market without barriers, and a commitment to
• 55:28
  crypto, minimalism, you know, where skeptical of every class,
• 55:32
  every claim to technical advances made by other coin
• 55:35
  softwares and to seek to maintain and bolster culture of
• 55:38
  scrutiny. We continue to be toxic continue
• 55:41
  to think for yourself and and stop.
• 55:44
  Outsourcing your thinking, guys, create good products.
• 55:47
  But hey maybe critical be, you know, scrutinized the work out
• 55:52
  there because the more eyes I was there the more we know that
• 55:56
  Bitcoin is bug-free and the more we know that our money is secure
• 56:00
  feature, not a bug and nine. This is what me, and he could
• 56:03
  say all the time. And I absolutely love that he
• 56:06
  added this a commitment to keeping Bitcoin open.
• 56:08
  All I fundamentally as a Bitcoin.
• 56:11
  ER, and I know Nico, and I'm pretty sure Ragnar as well.
• 56:14
  Believe everyone in the world should use Bitcoin as money and
• 56:16
  that the Bitcoin economy will ultimately be used by all
• 56:19
  people, regardless of race, religion, or nationality.
• 56:22
  I Mohit some horns on that one, guys, because Bitcoin is for
• 56:25
  anyone. It doesn't matter who you are,
• 56:27
  you can opt into the system. It's an individual choice.
• 56:30
  There's no Gatekeepers here. There's no, you know, perfect
• 56:35
  group. For Bitcoin, Bitcoin is for
• 56:37
  everyone and anyone Anyone that is willing to put in the time.
• 56:40
  So does bitcoiners seek to inform and educate people from
• 56:43
  all walks of life, about the benefits of Bitcoin, when
• 56:45
  possible, assuming that everyone can benefit from the use of
• 56:48
  Bitcoin. And furthermore all right here
• 56:52
  in the conclusion as always this is Bitcoin so recognize that no
• 56:56
  one is telling you to adopt this framework.
• 56:58
  If it's not useful to you least of all myself.
• 57:00
  I say this to you guys all the time.
• 57:02
  I'm not here to tell you how to live.
• 57:03
  I am just here to tell you what I think is the best products and
• 57:06
  I think is the stuff that we need to be talking about.
• 57:08
  But still if Bitcoin maximalism is to succeed as an ism be
• 57:12
  coming in in the view of author balaji's foreign vas and sorry.
• 57:17
  Yeah, system of beliefs on the world stage.
• 57:20
  My argument remains at the movement can become more
• 57:22
  positive and aspirational, less defined by what it is against
• 57:26
  and more defined by what it is for.
• 57:29
  I know you guys call me soft, the Opti I've been pushing the
• 57:31
  good word of Bitcoin and I'm really glad that this is how he
• 57:34
  ended this article because I fundamentally believe this same
• 57:38
  idea of, you know, it's not about tearing down the ideas
• 57:43
  that you don't like, it's about pushing the ideas that you do
• 57:46
  like and I'm reminded of a, the buck fit Buckminster Fuller, Oh,
• 57:50
  it's like to create a new world, you don't tear down the existing
• 57:53
  world, you create a better world, a better system, and you
• 57:56
  push that. So at the end of the day, again
• 57:59
  guys, this is fundamentally, this is signal pure signal right
• 58:02
  here at the end of the day. No amount of aggression on the
• 58:04
  part of Bitcoin Maxis will make the wider crypto economy or the
• 58:07
  world of government monies disappear nor will it fully
• 58:10
  Advance the goals of the Bitcoin movement as a whole.
• 58:13
  Nothing I can do as an individual.
• 58:16
  I can make you change how you view the world.
• 58:20
  I can try to you know, I can try to inspire you.
• 58:23
  I can try to motivate you. I can try to make you see what I
• 58:27
  see, but fundamentally this is a revolution of the individual.
• 58:31
  This is a choice that you must make on your own.
• 58:33
  This is something that you have to come to the conclusion to.
• 58:37
  So Pete reso, I absolutely love this article and I'm, like I
• 58:41
  said, at the beginning, I am glad that this article is on
• 58:45
  Forbes. Cuz we need to have more of this
• 58:48
  type of messaging out there, guys, write articles about the
• 58:51
  stuff that you do like write articles praising bitcoiners,
• 58:54
  praising Bitcoin the network because more people need to
• 58:57
  know. The problem is the Fiat system
• 59:01
  and the solution is Bitcoin. And this is this is the stuff
• 59:04
  that we need to be seeing guys. This is why I do the culture
• 59:08
  aspect is because I want to push stuff like this.
• 59:11
  I want people to see that there is a solution out there that you
• 59:14
  know that we aren't just Psychopaths that we aren't just
• 59:17
  assholes out here. It's like we have reasons for
• 59:20
  why we do what we do we have convictions, we have principles
• 59:23
  and we stand by them a man's word.
• 59:26
  Ain't what it used to be, but Bitcoin is here.
• 59:28
  And there's a lot of people that are standing up calling out the
• 59:32
  bullshit and and knowing what is true.
• 59:35
  Stop fucking with the money. 21 million, hard cap censorship
• 59:39
  resistant money. This is the way guys stand up
• 59:42
  for what you believe in. I say, I've said it all the
• 59:44
  time, you know, the only ideas that matter.
• 59:46
  The idea is that you're willing to stand up for it's time to
• 59:49
  Stand Up, Guys. It's time to put your feet down
• 59:52
  and acknowledge what, you know, to be true.
• 59:56
  Stop hiding from the truth. Stop letting people tell you
• 59:58
  what is true? You know, what is truth?
• 1:00:01
  You're you're a human being with a brain with a moral compass.
• 1:00:05
  You know, it is right from wrong, stand up for what you
• 1:00:08
  believe in. Bitcoin maximalist is the way
• 1:00:10
  Peter shouts out to you bro. Let's continue to push this type
• 1:00:13
  of messaging. Ready to go wolf there, man.
• 1:00:18
  That was that was one of the best daily cultures ever it.
• 1:00:21
  When an article gets released like that, you have to
• 1:00:23
  understand the significance of it.
• 1:00:25
  This is taking your what's really happening is you're
• 1:00:29
  taking Bitcoin maximalism ain't like mainstream right?
• 1:00:32
  You're you're exposing. Look at the look at the top of
• 1:00:35
  the article man, that is literally The Joker burning US
• 1:00:40
  Dollars and that's on Forbes. And that's that's a huge deal,
• 1:00:44
  right? And Another aspect of it as well
• 1:00:47
  is that that Forbes was also the publication where Pete published
• 1:00:52
  something called the defense of Bitcoin maximalism, which we
• 1:00:54
  also covered on this show when Nick Carter was attacking it.
• 1:00:58
  Because he got butthurt that his Investments went sour because of
• 1:01:00
  the bear market, right? So this is what this is all
• 1:01:03
  about. It's really pushing Bitcoin
• 1:01:06
  maximalism mainstream. And the reason that's important
• 1:01:09
  is because that will highlight the fact that the money is
• 1:01:12
  broken and hopefully that will wake up people.
• 1:01:15
  On both sides of the political Spectrum to hey, maybe it's not
• 1:01:19
  the people on the left. Hey, maybe it's not the people
• 1:01:22
  in the right. Maybe it's the fact that the
• 1:01:24
  money is stealing from all of us and that unhinges people, man.
• 1:01:28
  That's really what this is all about.
• 1:01:29
  Anyways, Ragnar. What are your thoughts, brother?
• 1:01:37
  Going once, going twice going three times, I'm sorry I was
• 1:01:42
  Meet the Bitcoin is truth. I mean by the way I love you
• 1:01:48
  around obviously that was amazing all just having a good
• 1:01:52
  time here. Bitcoin is truth and therefore
• 1:01:57
  it sends the signal of Truth to people who are associated with
• 1:02:01
  it and wherever we go, where you understand, be quite a know that
• 1:02:05
  this truth, you'll be To call out the force holding ever most
• 1:02:10
  everything. And we extend that even Beyond
• 1:02:14
  shit coins to the government. I am IMF, the FED Euro you call
• 1:02:19
  out the business climate scam. You call out this coming in the
• 1:02:22
  medical sector of which I am part of it, you know who call
• 1:02:27
  out these things because you know the truth.
• 1:02:29
  You have the truth. Stop all your energy in the
• 1:02:32
  truth. I think the people who is
• 1:02:35
  Bitcoin maximalism people who I still have something to learn.
• 1:02:39
  They have something short in their learning of what money is
• 1:02:43
  because when you get that understanding, you will become a
• 1:02:46
  Bitcoin maximalist. Bro, that was and I'm going to
• 1:02:52
  steal that for a tweet, but that was one of the best things I've
• 1:02:57
  ever heard. You store your energy in the
• 1:03:00
  truth. Wow, that's extremely.
• 1:03:04
  That's an extremely powerful message.
• 1:03:07
  This is exactly why we invite plebs on the show because you
• 1:03:11
  guys are used to the sound bits from the people that are
• 1:03:15
  well-known. A lot of them are friends of
• 1:03:16
  mine. Good people, right?
• 1:03:18
  But you never hear it from the plebs and you always hear
• 1:03:22
  something special. Oh man, that was awesome.
• 1:03:26
  Anyways Opti it's a favorite part of the show.
• 1:03:30
  Let's get to the meme review if I could find the transition.
• 1:03:34
  Here it is. Daily meme, review brought to
• 1:03:39
  you by Citadel 21. It's the best Bitcoin cult
• 1:03:41
  Rosine, it's stories articles Comics by actual bitcoiners.
• 1:03:45
  This is the artwork for volume 11, is artwork for volume 10 and
• 1:03:50
  this is the artwork for volume to Volume 2 is almost sold out
• 1:03:53
  because there's only 1000 physical copies made per volume.
• 1:03:56
  So get your prints of Citadel 21 today before they run out.
• 1:04:01
  All right, what do we have to first?
• 1:04:02
  All right, all right. I know, I know you may not think
• 1:04:07
  this is like a Bitcoin me and but shouts out the hot on never
• 1:04:10
  saw it. Oh, I love this Meme and I had
• 1:04:12
  to add it as I was on the side of the road get into Austin with
• 1:04:16
  a blown-out tire. I saw this me when I'm like this
• 1:04:18
  is coming on the show but before I get into it guys remember to
• 1:04:21
  put your score in the YouTube chat so we can we can get a few
• 1:04:24
  of them at the end of the show. So anyways.
• 1:04:26
  Hot on never saw her goes Ron Paul for you.
• 1:04:29
  You guys be me. Be born in 1935 watch the u.s.
• 1:04:32
  go into seven War. Where's watch the u.s. debt
• 1:04:35
  increased. Twenty nine point nine trillion
• 1:04:36
  dollars, watch the US dollar lose 95% of its value.
• 1:04:40
  Try to warn everyone try to warn everyone again.
• 1:04:42
  Try to warn everyone at third time, get shunned by the media.
• 1:04:45
  Nobody listened keep talking. Anyways, this is that Bitcoin
• 1:04:49
  Maximus energy. Like no one listens to you
• 1:04:52
  until, you know, they need Bitcoin and, and usually, it's
• 1:04:55
  too late, but keep talking. Anyways.
• 1:04:58
  Keep spreading the truth. Keep spreading the sound money
• 1:05:00
  gospel because people need to know that the solution is here
• 1:05:03
  and it is Bitcoin. Anyways.
• 1:05:04
  The next one, By chair for is BTC and he goes, it's science.
• 1:05:08
  And it's a male pin money. He's in a relationship, a male
• 1:05:11
  plus Bitcoin and he's got to girlfriend email+ 2.15.
• 1:05:15
  Bitcoin is no, no, no, no, no, no, no, no, no, no.
• 1:05:27
  Okay, okay. Alright, I got in trouble guys.
• 1:05:31
  Sorry tried to sneak one in there.
• 1:05:33
  The next one is by 21 JC LP. Bro, I love your memes, you are
• 1:05:37
  killing it, continue to make the memes, I love this one.
• 1:05:40
  If you don't know what this is do some more research and you
• 1:05:43
  got proof of work, first piece of steak Bitcoin 24/7 and it's
• 1:05:47
  proof of work. And it's how Finney running
• 1:05:49
  doing his marathons and it's proof of stake and I'm almost
• 1:05:52
  positive. This is vitalic.
• 1:05:54
  Choose your side's guys, choose your sides.
• 1:05:57
  Anyways, again, sometimes the me things are good quotes and you
• 1:06:02
  you need to, you know, spread these memes and of Is this is
• 1:06:06
  this is a quote by Thomas Soul again.
• 1:06:09
  Go go watch his stuff on YouTube.
• 1:06:11
  It's great stuff. But anyways, I sound by
• 1:06:13
  inflation is a quiet but effective way for the government
• 1:06:16
  to transfer resources from the people to itself without raising
• 1:06:19
  taxes. I know, I know this is simple.
• 1:06:22
  We say this all the time guys but the people need to know
• 1:06:25
  there's new people coming into the fold and and memes like this
• 1:06:28
  hit hard, when your newer and eloquent simple simple form.
• 1:06:32
  People need to know man. Taxation is theft and Your
• 1:06:35
  government stealing from you like.
• 1:06:37
  Anyways I don't think this is a new meme but shouts out to the
• 1:06:43
  Bitcoin conference fixed the money, fixed the world.
• 1:06:45
  And we got you know all the people there they're basically
• 1:06:48
  getting wet by the central, Bankers Central Banker tries to
• 1:06:51
  Bow, make everyone bow down except for Satoshi Nakamoto,
• 1:06:54
  creating Bitcoin. And then the central Bankers,
• 1:06:56
  trying to make you. Bend the knee and the big
• 1:06:59
  Corners are standing up. And then we get the critical
• 1:07:02
  mass adoption where everyone is a Bitcoin.
• 1:07:04
  ER you fix the money, fix the world and the central Bankers
• 1:07:08
  will bow down because once you take away their power, What do
• 1:07:13
  they have left? Guys, Bitcoin is playing for all
• 1:07:16
  the marbles. When Bitcoin wind Fiat will go
• 1:07:19
  to 0 and the people that are fully invested in Fiat will have
• 1:07:22
  nothing feature not a bug. Anyways, shouts out the toxic
• 1:07:27
  at. I really like this meme had to
• 1:07:29
  add it and he goes, I use my time to fight the weaf.
• 1:07:32
  You use yours to celebrate the. We've.
• 1:07:34
  We are not the same. Let's go.
• 1:07:39
  Hey guys, so for my meme review score.
• 1:07:42
  It's It's not just my, my Austin Airbnb.
• 1:07:47
  Like Nico usually does. It's this little this little
• 1:07:50
  sign, right? Let the good times roll, boys.
• 1:07:57
  Gonna be a good weekend. We're out here in Austin.
• 1:07:59
  Having a great time. Shouts out to everyone in
• 1:08:01
  Austin. See me tomorrow, I will be live
• 1:08:04
  hanging out with you guys a bit block, boom.
• 1:08:07
  Anyways Nico what's your score? Yellow.
• 1:08:12
  That's my score. Wow!
• 1:08:14
  Wow. He's on my head again.
• 1:08:16
  Great score. Gotta get him out of my house,
• 1:08:18
  dude. Ragnar, would you give those
• 1:08:22
  memes? I'm thinking of you, those memes
• 1:08:28
  one Opti, our own and they go. Okay, I got you, I got you.
• 1:08:41
  Okay, let's read some scores from the audience.
• 1:08:44
  Here we go. We have Brandon, I give those
• 1:08:47
  memes some seed oil disrespect, very nice, very nice.
• 1:08:51
  I give those memes, the secret, Hardware wallet hiding yellow
• 1:08:54
  inside. I give those me inside a yellow
• 1:08:58
  hat. I give those memes my 6.15
• 1:09:06
  Bitcoin. Haram okay.
• 1:09:08
  Okay all right. Rob Marinette Harem oh sorry
• 1:09:11
  sorry sorry sorry extend most says I give those memes and old
• 1:09:15
  dial-up phone which you can't for Bitcoin very nice.
• 1:09:19
  Very nice, very nice and one yellow grenade from Gua.
• 1:09:26
  We got I give beats boys too. Earth yellow.
• 1:09:33
  How you typing? If you're on my head, bro.
• 1:09:35
  What's going on Heelys telekinesis, dude?
• 1:09:38
  And so you, thi this guy could do everything.
• 1:09:40
  It's crazy. He is the Bitcoin CEO irate.
• 1:09:43
  Those memes a cat Farm, very nice, very nice.
• 1:09:46
  Anyways, guys, don't forget to join our awesome telegram group
• 1:09:51
  if you want your meme reviewed, that's what you could link it.
• 1:09:54
  You could post it there as a bunch of plebs posting.
• 1:09:56
  I think we're up to like 500 something people you could hang
• 1:09:59
  out. It's A pleb hang out.
• 1:10:00
  A lot of conspiracies theory stuff.
• 1:10:03
  Now there is nowadays, but I guarantee you'll have fun.
• 1:10:06
  And of course, definitely go. Check out.
• 1:10:09
  Simply Bitcoin dot news. Shoutout to SATs for Life.
• 1:10:12
  Shout out to Zach, incredible writers, drop in Nooks dropping
• 1:10:16
  nukes drop in Nooks dropping the signal.
• 1:10:19
  It's this show, but in written form the definitely want to go
• 1:10:21
  check it out. It's absolutely free.
• 1:10:23
  All you got to do is visit w-w-w dot simply Bitcoin dot news.
• 1:10:27
  Jacob's gonna get mad at me and to join her telegram group.
• 1:10:30
  For audio centers. Check out.
• 1:10:32
  T dot me slash the simply Bitcoin Channel.
• 1:10:35
  Anyways, here's the website by plate.
• 1:10:38
  Let's check it out. Pleb sites brought to you by
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  Cipher safe. Don't be that person.
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  Anyways, check it out guys. Last last couple articles,
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  unelected World, economic Forum, instituting Global sedition and
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  acts to silence wrong. Think, exactly?
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  Can you click on that thumbnail? I'm really proud of that leaf.
• 1:11:31
  One of the the top one, click it so that people can see it.
• 1:11:35
  It's really love this with me. And me and rest and collabed on
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  this one. I to this beautiful.
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  This is my job. I get to do this stuff, like
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  it's awesome. It's really, it's really great.
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  Here is exit complacency enter life, amazing article, greater
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  wake up, wake up, hundred years of fed failure.
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  All this has to do with freedom, the Bitcoin Revolution, you guys
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  definitely want to check out Simply Bitcoin unfiltered
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  www.simpleandsensational.com loin dot news, definitely check
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  it out. Also want to give a very special
• 1:12:08
  shout-out to our awesome. Sponsor represent LTD.com Opti
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  and I wear the hoodies every single day.
• 1:12:14
  Opt he's wearing the T-shirt, he's wearing the orange pills.
• 1:12:16
  You sure that's his favorite. We always have favorites, Nico
• 1:12:19
  likes the, the camo hoodies and Opti likes the t-shirts or soon.
• 1:12:24
  We're going to start wearing tank tops and become like, CTC
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  bands and I don't mean to cut you off Nico.
• 1:12:29
  But I was wearing this shirt earlier today and I'm in an
• 1:12:33
  Airbnb with a bunch of bitcoiners and Shout out the
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  Rope. He's looked at the shirts like
• 1:12:37
  damn. That's a tight-ass shirt like
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  that shit is done. Dope.
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  So do good and doing doing the what we can to spread the sound
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  money gospel through the merch through the merch.
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  He can't stop the signal. You can take advantage of the
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  promo code down below to get 10% off, represent LTD.com.
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  Anyways guys, that was our show. I want to give a shout-out to
• 1:13:00
  Ragnar of Ragnar. Where can people find more about
• 1:13:03
  you? Yeah, I'm just I think Twitter
• 1:13:08
  is just it at a is a Ragnar on three.
• 1:13:12
  That's where I post some chick posts with you guys.
• 1:13:17
  Awesome. And that's exactly why we
• 1:13:19
  brought him on the show. Definitely want to go.
• 1:13:21
  Give Ragnar a follow. Anyways guys, that was our show.
• 1:13:25
  If you enjoyed the show, you know what to do?
• 1:13:28
  Smash that like button, subscribe.
• 1:13:30
  I want to give a shout-out to our researcher Hans Also give a
• 1:13:35
  shout-out to producer Jacob of swan Bitcoin.
• 1:13:38
  They host the spaces with us, also, shout out to yellow.
• 1:13:42
  Yellow has been staying at my house for the plast month.
• 1:13:45
  It's been extremely uncomfortable.
• 1:13:46
  I've been trying to catch him. He always runs away.
• 1:13:49
  He kicks me in the runs away goddamnit, yellow.
• 1:13:54
  Anyways, that was our show guys. Today tomorrow, we're not going
• 1:13:57
  to have a show because Opti and I will be hosting bit block.
• 1:14:00
  Boom, from the bit block, boom, spaces account if you're
• 1:14:04
  following me. The Opti the simply Bitcoin
• 1:14:06
  you'll see us in spaces. It's going to be live from 8:45
• 1:14:10
  a.m. Central Central Time to 5 p.m.
• 1:14:14
  We hope to see you guys there. There's going to be a crazy line
• 1:14:18
  up tomorrow, a bit block, boom, Jack mahler's, they're doing a
• 1:14:22
  rabbit hole recap live. We're going to be streaming all
• 1:14:25
  of that from Twitter spaces, so you definitely don't want to
• 1:14:28
  miss it. Anyways, guys, we we love you
• 1:14:31
  and we will see you on Monday for a brand new episode.
• 1:14:35
  Simply Bitcoin.