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Missing TRILLIONS Sends Bitcoin SOARING!? | Bitcoin Simply · Simply Bitcoin

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  Every day we're waking up to more and more devastating news
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  from the conflict in the Middle East, and it's on days like
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  these that I'm reminded of why Bitcoin exists and why we do
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  what we do. There's no accountability in
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  money. If I give you a billion dollars
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  and you can't tell me what happened to it, that to me is
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  wasteful, that that means you are not responsible.
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  But if you can't tell me where it went, then what am I supposed
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  to think? And when there has been
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  reporting, I mean, this is not, look, I'm not, I'm not saying
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  this is on you and that you caused this.
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  But I think it's it's a tough argument to make that an $850
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  billion budget to an organization that can't pass an
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  audit and tell you where that money went.
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  Like I think most people would consider that somewhere in the
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  realm of waste, fraud, or abuse because they would wonder why
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  that money isn't well accounted for.
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  The Pentagon has never passed an audit, and the amount that's
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  gone missing is bigger than the entire United States government
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  debt. It's always good to be bullish
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  on Bitcoin, but it's also always good to get a refresher on not
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  just number go up technology, but freedom go up technology.
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  This is Dante Cook with Bitcoin. Simply, let's go.
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  If you're a person or family fleeing Tehran or Tel Aviv right
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  now, well, how would you get your money out of the country if
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  you didn't own something like Bitcoin?
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  If it was locked up in a State Bank?
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  What if you were frozen from every financial system in the
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  world? Or what if you could remember 12
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  words in your head and cross the border?
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  On days like these, I'm reminded of my financial privilege and
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  why Bitcoin exists for people who aren't just like me.
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  I've discovered that. Bitcoin was freedom by observing
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  that people who live under dictatorships and very
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  repressive governments were able to use Bitcoin to achieve their
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  goals and aims. Regardless.
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  Of what their government wanted to do, and that is not something
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  that's possible. With the traditional money.
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  Structures. In countless.
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  Countries around the world, for billions of people, money is
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  basically. Used as a.
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  Weapon by governments and corporations against people to.
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  Steal from them. To restrict their.
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  Activities to basically. Exploit their time.
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  I mean, it's time theft, right? Today, more than 2 billion
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  people. Live under double digit
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  inflation. More than 1 1/2 billion people
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  live under absolutely intense financial surveillance.
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  There's 4.3 billion people who live under.
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  Authoritarian governments in 95. Countries and they.
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  Don't have property rights. Bitcoin gives anyone?
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  Actual property rights that they can.
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  Defend themselves with math to a very reasonable degree.
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  And that to me is a. Pretty much a revolution.
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  There will be people who we're going to bring up, yeah, but
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  stable coin. But here's the reality.
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  Stable coins are good for banks, central banks and others who are
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  trying to promote and extend the existing financial system.
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  But that's what they are, an extension of a system of
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  compliance and control where your dollars, your money can be
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  frozen out. Bitcoin is a protocol, and it's
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  completely different. On days like these, we need to
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  see stable coins for what they really are.
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  Bitcoin is volatile, yes, but it's the only apolitical,
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  incorruptible, borderless base layer monetary system humanity
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  has ever. Had if.
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  Stable coins. Dominate financial freedom.
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  Dies quietly. The dream of an open,
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  decentralized world is smothered by convenience and compliance.
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  If Bitcoin prevails, sovereignty becomes a default right, not a
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  privilege. The monetary future becomes a
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  shared protocol, not a leveraged empire.
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  This is pretty black and white here.
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  Like stable coins again are an extension of the current system
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  of control of all the currency caste system stuff of dollar a
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  Gemini and. Bitcoin is a.
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  Completely different paradigm that promises an open and
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  borderless, a political world where you can't be discriminated
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  against. I mean, we'll see how far we get
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  on that promise, but that's the promise.
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  So I think it's super important that we just sort of
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  discriminate these two things. Larry Lapparde's book The Big
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  Print is amazing, and it's amazing for a few reasons.
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  One of the amazing points that it highlights is that wars used
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  to be financed by the people and not by governments through war
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  bonds. And people would actually earn a
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  return for the money that they invested into these war bonds
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  for funding different wars and things that the governments
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  would do. But if they didn't support the
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  war, they wouldn't fund it. But that all changed when the
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  Federal Reserve came about. In 1914, its balance sheet was
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  just $200 million. By 1920, its balance sheet
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  ballooned to $6.3 billion. Through funding of wars in
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  shadow and roundabout means, we've created a war industrial
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  complex, and right now there's no accountability.
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  I believe that the majority of people around the world don't
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  want war, but the war isn't tied to our pocketbooks, but the
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  unlimited money printer. And the thing about Bitcoin is
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  that it arms not only the billionaire, but also the person
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  fleeing their country with the financial tools to defend
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  themselves. So, you know, for me money, you
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  know, when I studied money or look at money, it's really about
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  control. You know, who who is creating it
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  and how much does the population know about the creation of that
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  money. And when it comes to Bitcoin,
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  it's really the people's money. Like there is no shadowy force
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  in charge of it. We all know the rules.
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  We all know how it's going to get minted and how it's going to
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  get printed. And, you know, that information
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  is out there for everybody to see.
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  And there's no like, special group of rules for one group of
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  people or another group. You know, a billionaire and a
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  refugee are the same in the eyes of the protocol.
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  This is a rather revolutionary concept.
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  And in the same way that democracy allowed us to
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  decentralize politics and have checks and balances, and in the
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  same way that the Internet is a culmination of technologies that
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  allowed us to decentralize information, access to and
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  control over it, Bitcoin, you know, decentralizes money.
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  I mean, no longer again, is there one group of people who
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  can just change it arbitrarily. We're all on the same playing
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  field. And I think that is a tremendous
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  innovation. One of the things that somebody
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  who doesn't have a bunch of financial means can do that's
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  just like a billionaire with Bitcoin is not sell their
• 6:04
  Bitcoin, unlock liquidity in Bitcoin without selling your
• 6:07
  Bitcoin by working with someone like Lenin.
• 6:09
  If you want a $2000 loan in dollars, well, you post $4000 in
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  and simple. And your account could be funded
• 6:18
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• 6:25
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  slash simply loan started just 12.4% and if you go to learn dot
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  leadin dot AO slash simply well, you get .25% off your first
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  loan. One of the things that makes
• 6:41
  Bitcoin one of the most powerful financial assets in the entire
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  world is the fact that you can just remember 12 words or 24
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  words and recover your Bitcoin anywhere that you are.
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  That's incredibly freeing and powerful, but you don't have
• 6:55
  self-control and sovereignty in your Bitcoin unless you have
• 6:58
  self custody. You can learn how to do that
• 7:00
  confidently, safely, privately and securely by working with a
• 7:03
  member of the team at the bitcoinway.com.
• 7:05
  Schedule a free 30 minute consultation on how to protect
• 7:08
  your generational wealth the right way at the
• 7:10
  bitcoinway.com/simply Bitcoin. Bitcoin is the hardest money
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  that we've ever created. It provides people that are in
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  less fortunate situations than us in the United States with the
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  financial weaponry to defend themselves against authoritarian
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  regimes. It also provides property
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  rights. This is an old but goody a clip
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  from Safety and where he talks about Bitcoin providing people
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  with the ability to defend themselves in this economic
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  struggle. It's not optional.
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  I mean, you will either move there or you will watch your
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  wealth lose its value as the people who put their money there
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  appreciate. You know what I mean?
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  Just think about it, you know, if you have $1,000,000 and you
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  put them in a currency that's constantly depreciating or
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  somebody has $10,000 and puts them in a currency that's
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  constantly appreciating, it's only a matter of time until they
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  overtake you. And you know, people are not
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  stupid. They will realize this and they
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  will want to move forward. So the when I talk when when I
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  talk about Bitcoin adoption, people think of it as being like
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  say Apple iPhone adoption. You know, it's very nice and
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  very cute and then people will buy it.
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  But I think that's not the model for Bitcoin.
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  Bitcoin is more like gunpowder adoption.
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  You know, if you think about it, did the French army have a
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  choice whether they should adopt gunpowder or not?
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  You know, did they decide? No, you know what, we like to
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  keep it real with the sticks and stones and swords and and we're
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  not going to use gunpowder. If, you know, any army that
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  decided to do this, it didn't matter because then another army
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  with gunpowder would come and take over France.
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  So eventually everywhere in the world ended up with gunpowder,
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  either because people adopted it or because it was used against
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  them. And I think Bitcoin is like
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  that. Bitcoin is like financial
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  gunpowder. It's the safest way of sending
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  money halfway around the world, the most secure way, and it's
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  the hardest money that we've ever invented.
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  Bitcoin's freedom advocate Alex Gladstein has talked about this
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  at length and. The idea?
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  Was the Greeks had been like trying to take the city of Troy
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  for like a decade at these like impregnable walls and they
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  couldn't do it. And Ulysses and the rest of the
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  Greek army were like, we don't know what to do.
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  So Minerva, the, the, the God of strategy and war, you know, kind
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  of like they get this idea from her, I guess, to, to actually
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  try to use subterfuge and trickery to take over the city.
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  So the idea is to, and this was sort of hatched by Ulysses,
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  right, to put this horse together.
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  That would kind of be like a gift.
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  So the idea was the Greeks just like pretended to leave, right?
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  They they deserted, they left behind one soldier and this
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  horse and the Trojans looked at it and they were like, what's
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  what's going on here? And they brought in the soldier
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  and the soldiers, like, look, they laughed.
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  They're so sorry for all of the desecration and blood spill.
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  This is their gift to. You it's, you know, honoring
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  Minerva, you know, it's like this like, you know, trophy for
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  you guys. And there were actually people
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  inside Troy Cassandra, a prophet, as well as Lao Kuan,
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  who was like a priest who said no, no, no, this is obviously a
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  trick. This is obviously a trick.
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  But they were like dispatched and ignored because the horse
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  was like, it was just like so bad ass so that the Trojans were
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  like and bring it in the city. So they brought it in
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  themselves. No blood spilled at all.
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  Right in the middle of the night.
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  Of course, we've what you realize is the horse was packed
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  with Greek soldiers and they come out and they let the army
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  in, which was like hiding behind an island.
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  So this idea that like something could be so attractive that you
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  really can't say no, even if you know what's inside of it.
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  Is it played with in Bitcoin. So like Bitcoin has this number
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  go up technology, right? Is what we call it in in sort of
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  shorthand NGONGU, right? But what people don't realize is
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  that NGU is like the Trojan horse inside the Trojan horse is
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  FGU freedom go up technology. So dictators and rogue regimes
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  and corporations are going to buy mine tax, accumulate this
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  thing because it's the best performing financial asset in
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  the world. What they don't realize or
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  they're going to have to ignore is that they're also aiding and
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  abetting this freedom technology which allows individuals to be
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  sovereign and eventually erodes their power.
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  This is the ultimate goal. You can't defeat the system from
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  the outside. The system will find ways to
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  defend itself against outside forces.
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  It needs to be defeated from the inside.
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  And that's exactly what bitcoins doing, a strategic Bitcoin
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  reserve here, a treasury strategy here, softer and easier
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  loss here are going to make bitcoins number go up.
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  But with that, you are embedding the financial system with a
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  protocol that cannot be stopped. It cannot be and it cannot be
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  taken away. This is the ultimate goal.
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  One of the ways that we can continue to make sure that
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  Bitcoin is freedom technology is by making sure that mining and
• 11:44
  pools are decentralized. You can learn all about the
• 11:47
  decentralization efforts that are going on in Bitcoin mining
• 11:51
  by going down to the Mining Disrupt conference from November
• 11:53
  11th through 13th in Dallas, TX. Use the promo code Simply
• 11:57
  Bitcoin for 20% off. Thanks for riding with me today.
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  This isn't a super bullish episode, but it's one that I
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  think we need to hear and recognize in light of all the
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  events that are going on in the world.
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  As always, I'm going to keep it real with you guys.
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  This is Dante Cook with Bitcoin. Simply happy stacking.