Latest / Simply Bitcoin / Moving to El Salvador with Bitcoin | EP 575
Transcript
- 0:18Yeah yeah. Welcome to Simply Bitcoin live.
- 0:23We are your number one source for the peaceful Bitcoin
- 0:26Revolution recover, the fails from Central bankers.
- 0:30Voice. Breaking news culture.
- 0:31Me Matic Warfare, we will show you why only Bitcoin can give
- 0:34you true Financial sovereignty. Today, we have a very special
- 0:38show lined up. We have money dellux on the
- 0:40show, this guy took the leap of faith.
- 0:43He moved to El Salvador. Something that I feel like a lot
- 0:46of us are just like we're seeing the clown world that's going on
- 0:50in Europe in the United States and you're just like I kind of
- 0:53want to do this but you haven't quite pulled the trigger.
- 0:56We're going to ask money dellux, what his experience has been
- 1:00Thing in the Bitcoin country, in Central America, how you doing
- 1:04money? Del X, KY Nico, I'm great.
- 1:07What about you? Happy to have you on the show,
- 1:09man, I'm very pumped. I loved we're starting off the
- 1:12week strong. This is it's not them.
- 1:14It's not the Monday special just the Monday episode.
- 1:16But anyways, Opti how you doing, brother?
- 1:18What's up guys? I am doing good.
- 1:20I just realized I don't have the right camera.
- 1:22I'm so I will switch that during the next segment but I'm good.
- 1:26I told everyone in the space. I overslept this morning.
- 1:29And I feel more tired than if I underslept.
- 1:32So it just is just a good Monday.
- 1:34And here we are continuing to give you guys a signal.
- 1:37Feels good to be back every week.
- 1:39We had a good show on Saturday, so you know, and we're pumping.
- 1:42So hey, we're getting less SATs. But hey, if you hold SATs feels
- 1:48a little better to be richer than you.
- 1:52Not gonna lie, though. I like when the prices down
- 1:54because then, yeah, you get, the cheaper, sat agreed agreed.
- 1:57And this is what we're gonna talk about this.
- 1:59What we're going to talk about in the What are you guys?
- 2:01I know you guys have all heard it you know your friends like oh
- 2:04Bitcoin price is going down, it's going to X and then they
- 2:07never buy Bitcoin and then it starts pumping and then they
- 2:10start chasing the price. So we're going to look you know,
- 2:14hopefully give you guys the sauce so you know what is going
- 2:17on out there, you know, but hey you can only learn by doing but
- 2:21anyways, Nico, let's get into this one.
- 2:23Anyways. Yes, it's going to be a great
- 2:25episode. Let's find out how it is living
- 2:28in El, Salvador. Let's do this.
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- 2:56All right, all right, at the time of recording the Bitcoin
- 2:59price is And 10 u.s. dollars SATs per dollar also known as
- 3:03Moscow time, 4523 block height, 750 3812 reachable, Bitcoin
- 3:10nodes, 15,400 21 blocks of the having 86,000 188 having
- 3:16estimate. April 21st, 2024 total lightning
- 3:20network capacity for 1736 Bitcoin capacity value, it's
- 3:25over. It is over ladies and gentlemen,
- 3:27it is over 100 million dollars, it's sitting pretty at Third and
- 3:31four million. Lightning network capacity
- 3:34continues to go freaking parabolic glorious to see
- 3:38realize monetary inflation 1.78 percent market capitalization
- 3:42423 billion dollars Bitcoin is still a baby.
- 3:47Anyways I wanted to play a video a legendary video.
- 3:51It's it has legendary status. It was making the rounds on
- 3:56bitcoin Twitter over the weekend and it is from the Bitcoin.
- 4:01Congressman Warren Davidson and he says something that we say on
- 4:06bitcoin Twitter but he said it in the halls of Congress said
- 4:10there's Bitcoin and then there's shit coins.
- 4:12Let's check out the video. I lied a lot of background
- 4:16information about about Bitcoin and about the you know,
- 4:21immutable distributed Ledger and the benefits of that
- 4:24decentralization versus centralization.
- 4:29You know, a lot of people in this space will use a phrase
- 4:32that you may be familiar with there's Bitcoin.
- 4:34And then there's shit coin. Are you familiar with that
- 4:37phrase? And what people might mean by
- 4:39that? I am.
- 4:41So could you elaborate on how people would differentiate the
- 4:43two? Slowly I think the idea here is
- 4:46Bitcoin has had a long track record.
- 4:49It, the network has been operating for 10 years, the
- 4:52Bitcoin network has been tested. The decentralized nature of the
- 4:56Bitcoin protocol has been tested.
- 4:58People have tried to co-opt control of Bitcoin source code
- 5:01and push it in certain directions that benefit their
- 5:04business models and this network and this protocol and it's open
- 5:08source. Governance have withstood that
- 5:10test. It is robust.
- 5:11It has been tested and it has had the benefit It frankly of
- 5:15spending, its first five years in its nascent see sort of
- 5:19operating in this environment of innovation and not having a lot
- 5:23of regulatory attention, is there a central Authority that
- 5:26could dilute the value of Bitcoin?
- 5:28No. Is there a central Authority
- 5:30that could filter transactions at Bitcoin know, that kind of
- 5:33only be done through the products and services that
- 5:36people utilize to access the network like coin days for Jim.
- 5:39Absolutely. That is a US company that is
- 5:41regulated based on the facts of what its business model is.
- 5:45Right? And so just like in the u.s.,
- 5:47you know, the Federal Reserve or the treasury doesn't change the
- 5:50dollar, the people at the edges, the banks generally do that but
- 5:54with Bitcoin, you can still engage in peer-to-peer
- 5:56transactions like Cash. Correct, absolutely.
- 5:59And because open source code, you could have a wallet.
- 6:02Correct. Absolutely.
- 6:03All these features are different than what many of the things
- 6:05that people call colloquially shit coin.
- 6:11Wow mr. Robot and great observation
- 6:14chick. Coin is in the official record.
- 6:20Yeah man. Look the the walls are closing
- 6:23in at least in the United States for a lot of these shit coins to
- 6:26be offered or sold on exchanges. The SEC based on Cynthia, lummis
- 6:30or saying, Gary Gensler is definitely they even opened a
- 6:34dedicated office to going after these Securities because that's
- 6:39what they are. The only thing that might be
- 6:41spared because it has enough political Political supports
- 6:46because you know, money talks and politics is etherium.
- 6:49That still doesn't mean it's not a security.
- 6:50It just means that they've corrupted the fucking system.
- 6:53So I suspect I'm calling this now.
- 6:55The big battle to come is going to be behind a centrally planned
- 7:02shit coin called aetherium and Bitcoin.
- 7:04I think that's going to be the head to head in the future.
- 7:07All the other shit coins. I think are going to be, they're
- 7:11going to be the government is going to regulate the the on and
- 7:15off ramps for those shit coins. Therefore the liquidity, the
- 7:18amount of capital that they have that the devs could Rack in is
- 7:21in be severely diminished. But anyways I'm glad that the
- 7:25Bitcoin Senator said in Congress what we've all been saying
- 7:29there's Bitcoin and then there's shit coins Opti what are your
- 7:32thoughts and then we'll move on to money Daleks.
- 7:35Well I love this video like you said man having a congressman
- 7:40you know Mimi Mimi on official record is just Absolutely
- 7:45awesome. We say it all the time and it's
- 7:47a bit seen meme, you know, the master of memes.
- 7:50It is our mean world and everyone else is just living in
- 7:52it. Just, you know, shouts out the
- 7:54Warren Davidson like kudos to you bro there is Bitcoin and
- 7:59their shit coin. I say that Meme every like
- 8:02almost every single day consistently and hopefully one
- 8:06day people will understand that there is a fundamental
- 8:08difference between Bitcoin and shit coins and hey like mr.
- 8:12Robot said, it's an official record There is Bitcoin and
- 8:16there is shit coined at that. The congressman Warren Davidson,
- 8:20what a legend, what a legend. Anyways Francisco money Daleks
- 8:25what are your thoughts on this -?
- 8:26Yeah, isn't it crazy? How far we have gone in such a
- 8:30small period of time? Like now not only we are talking
- 8:34about Bitcoin and Congress of the the most powerful country in
- 8:39the world, we are also starting to the Finish.
- 8:42He ate Bitcoins and shit. Chords.
- 8:46So I think it's pretty crazy. If you have long term of your
- 8:50what's happening because people get scared about the price going
- 8:53down. If B is Bitcoin going to
- 8:55succeed. I mean isn't that obvious that
- 8:57is succeeding big time. So and and it's incredibly
- 9:04obvious that it's exceeding. But also, you know, to kind of
- 9:08take the other approach. It also knows that we are
- 9:12definitely entering the then they fight you stage, right?
- 9:14Because the fact that this is being said in Congress, right?
- 9:18Kind of explains why the US Treasury sanctioned open source
- 9:21software, kind of explain you know the hostility towards
- 9:24Bitcoin miners from that White House.
- 9:27Memo kind of explains why Michael sailor was being sued.
- 9:31In Washington DC. And why is Michael said, it's
- 9:34not only my considered as being sued, it's also microstrategy.
- 9:38Why is that, right? And it's definitely because of
- 9:41what you said, man. It's because we're winning, and
- 9:43they know it and they're scared. But anyways, let's talk about El
- 9:47Salvador. Let's go to the news.
- 9:52Daily News brought to you by crypto.
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- 10:18cloaks.com. All right guys, before we get
- 10:21too old. Adore.
- 10:22This is notable. I definitely wanted to talk
- 10:25about this today especially with our guest dr.
- 10:27Bitcoin, jailed for selling Bitcoin, peer-to-peer warns
- 10:32others on September 5th. Hopkins announced via his
- 10:34Twitter account that he would be reporting to a federal
- 10:38Correction Institute for the crime of selling Bitcoin.
- 10:40A few years ago in 2019 the financial crimes enforcement
- 10:44Network, a federal bureau of the US Department of the treasury.
- 10:46Published 18, USC 1960, which requires the now well-known
- 10:51money. Transmitter license to be
- 10:53obtained by those who wish to sell Bitcoin and other
- 10:56cryptocurrencies to the public with a suggested penalty of up
- 10:59to five years. Imprisonment, for selling
- 11:01Bitcoins without. Obtaining the license.
- 11:04That is absolutely insane. Right.
- 11:07So if you just want to sell Bitcoin to someone, now you need
- 11:11a license, this is government for you.
- 11:13And I think it also highlights that the old system.
- 11:18The old system that had a middle man, which that middle man was a
- 11:21bank. There is a service like venmo or
- 11:23whatever is incompatible with the new system, at the end of
- 11:28the day, this is peer-to-peer. So are they just trying to make
- 11:32examples of this unfortunate soul?
- 11:36Like they did of rasa like they did with Ross, Albrecht right
- 11:39with Ross Auburn. What they basically did.
- 11:41Man is that they they put him in prison.
- 11:44They wanted to make an example of him.
- 11:46Silk Road was shut down. Four or five.
- 11:48Silk Roads took took its place. So Anyways and and then I'm
- 11:53going to tied up with the sovereign individual quote in a
- 11:55sec Popkins reported, that one of his past clients was under
- 11:58observation for suspected participation in a Nigerian
- 12:00Lottery scam. The buyer originally told
- 12:02Hopkins, she was buying Bitcoin for her husband's electronic
- 12:05repair business. Although she later told
- 12:07investigator that she was herself being catfished by a
- 12:10Nigerian charitably be described by Hopkins as an unsophisticated
- 12:14user. He not only sold Bitcoin to this
- 12:16client on around 20, separate occasions.
- 12:18He also partially aided and educated her and best custody
- 12:21cell. Practices, as well as how to not
- 12:24trigger banking Problems by using specific terms which could
- 12:27result in closure of her bank account.
- 12:29According to Hopkins prosecutors later, disingenuously charged
- 12:32him with teaching this woman how to commit bank fraud.
- 12:37That's crazy. They charged him with the crime
- 12:39for teaching someone else. How to take self custody.
- 12:42And again, I know what a lot of you guys are thinking, like, oh
- 12:44but this had to do with the fraud this had to do with
- 12:46whatever. Yes, that's fine but what
- 12:48they're trying to do, ladies and gentlemen, is they're trying to
- 12:50set a Isn't this is how it starts.
- 12:53This is the slow creep. Remember, the example with the
- 12:56black Bank, secrecy act in 1970, right?
- 12:59The it was a ten thousand dollar amount everything over ten
- 13:03thousand dollars now has to be reported but when they
- 13:05implemented that law in 1970 ten thousand dollars was the
- 13:09equivalent of 70 thousand dollars today.
- 13:12And the people the reason that people were okay with it back
- 13:14then is because hey it's seventy thousand dollars that's not a
- 13:17big deal that makes sense. The problem is that the law
- 13:19didn't change in the slow creep of Nation in government took
- 13:23place. And I think this is why it's so
- 13:25important to cover stories like this.
- 13:27He goes on to say, if we do not demand from our government that
- 13:31they change this law and the application of it given time,
- 13:35they can come after every one of us.
- 13:37And I think that's absolutely right.
- 13:39Here's another piece of news from Australia, Australian
- 13:42federal police forms crypto currency unit, focused on
- 13:45tracking and seizing funds. Its targeting assets, but it
- 13:49also provides a valuable investigated tracing Capability
- 13:53and lens for all our commands, across all our businesses,
- 13:56whether their National security-related, Child
- 13:58Protection, cyber or the ability to trace crypto currency
- 14:00transactions across the Revenant.
- 14:02Blockchains is really, really important, AFP, commissioner
- 14:05Reese Kershaw established, a criminal asset conversation to a
- 14:08command in February 20, 2008 with the goal of restraining 600
- 14:12million in proceeds of crime by the end of fiscal year 2024
- 14:16since February, 20, 20, the AFP has stolen not seized 380.
- 14:22Lien and residential and commercial property. 200 million
- 14:24in cash and bank accounts and 35 million in cars boats.
- 14:28Aircrafts are artworks luxury, items and cryptocurrencies.
- 14:32And to tie it up, I'm going to read this awesome quote from the
- 14:36sovereign individual that I think really explains what the
- 14:39hell is going on here. It says weakened by The
- 14:41Challenge from technology, the state will treat increasingly
- 14:44autonomous individuals, its former citizens with the same
- 14:48range of ruthlessness and diplomacy.
- 14:51It has hair here, therefore, displayed and dealing with other
- 14:55governments and I think that's exactly what's going on here.
- 14:57Right now, that money is disintermediated.
- 14:59Now that it's incredibly difficult.
- 15:02A government to regulate because yes, it's easy to capture a
- 15:07handful of banks, right? It's a handful of big banks in
- 15:10the United States, and the government sets up, a compliance
- 15:13Department in the back of the bank, that no one ever hears of
- 15:16the compliance Department. Can't even talk to the person
- 15:18that you're talking to on the phone, which is why.
- 15:20Sometimes if you call and then you send a wire, you send a
- 15:24transfer in that money is know where you can't find and you
- 15:27call the bank. And it's like, hey what's going
- 15:29on here? And they can't give you an
- 15:30answer that's because it's in the back room.
- 15:32Appliance Department. So banking would it really is,
- 15:35it's a two or three, multisig of which the bank has a key, the
- 15:39government holds another key, and you own one key, and you
- 15:41have to ask for permission right?
- 15:43Bitcoin disintermediated, all of that shit.
- 15:47So now all of a sudden you no longer have to deal with the set
- 15:50a service, you no longer have to deal with the bank.
- 15:53You could just have a peer-to-peer transaction and in
- 15:56the developing world, that's the majority of Bitcoin
- 15:59transactions. They have giant telegram group
- 16:02Giant, Apt groups. And they just say, hey, I'm
- 16:04selling this amount of Bitcoin, someone buys it from whatever.
- 16:07Obviously, there's a there's a good amount of trust there,
- 16:10right? But if you compare that to the
- 16:12West, I think we're so accustomed to having these
- 16:15developed Financial rails that we don't mind giving up kyc
- 16:19information. We don't mind just buying
- 16:21Bitcoin on a platform because at the end of the day, those
- 16:23platforms do make it easier, right?
- 16:26So a couple of things happening right here.
- 16:28Again, this is another example of the state fighting back.
- 16:32Back of the state saying, hey, you know, we're the boss here,
- 16:35we still control things. We still get to dictate your
- 16:38ability, but I think as time progresses, you're going to see
- 16:42the rise of more, Sovereign individuals.
- 16:44We have one right here on the, on the, on the call today, on
- 16:49the show, we have money. Dellux that did exactly that
- 16:52said, hey United States or the UK or Europe, as I don't really
- 16:57like it anymore. I'm gonna pack up and leave and
- 16:59that's what Bitcoin gives you. Bitcoin gives you the power to
- 17:02not only Vote with your wallet, but most importantly, it gives
- 17:05you the power to vote with your feet.
- 17:07And what that's going to do is it's going to force governments
- 17:10to. Hey, they're going to want to
- 17:13keep a lot of their tax capital in.
- 17:15They're not going to want to, they're not going to want them
- 17:17to leave. And now with the internet with
- 17:19Bitcoin, man, there's a tremendous amount of mobility.
- 17:22And I think what you're seeing now with all this news, whether
- 17:25it's trying to set a precedent whether it's the treasury
- 17:28Department, trying to sanction open source software, whether
- 17:31it's suing saying, Sailor. Whether it's the Australian
- 17:34government setting up, a unit specifically to steal people's
- 17:37property. It's basically the state going
- 17:40through these bargaining faces saying, hey, we're still in
- 17:43control. Here we could still Co-op to
- 17:45bitcoin, we could still mold it to fit the existing system of
- 17:50control we have today and I think that's exactly what you're
- 17:52seeing here. Anyways Opti, what are your
- 17:54thoughts brother? Well, you know Bitcoin fixes
- 17:57this feature not a bug like peer-to-peer transactions is not
- 18:00a crime but we are all. Animals by some laws.
- 18:03And of course, the government's are going to make us turn into
- 18:06criminals because they need that Narrative of pushing, you know,
- 18:10like bitcoiners of criminals, a stop, the Escape doors.
- 18:12Again, I am always reminded of the Christine Lagarde quote,
- 18:15where she says, if there's an escape door, we the people will
- 18:19use it and we must stop them from using that and you know
- 18:22just Echo what you said like we are fully in the they fight you
- 18:25stage like the the then they fight you stayed is in full
- 18:28force and these attacks will only get worse.
- 18:30Not better. It's like Right now they're
- 18:32doing the roundabout ways to attack bitcoiners, you know,
- 18:35paint Us in bad light, try to make examples of certain people
- 18:39and it's only a matter of time until we have a full frontal
- 18:41attack on bitcoiners and like I said over the weekend it's like
- 18:44it's only a matter of time until they blame bitcoiners for their
- 18:47problems. And so you know it's it's like
- 18:51this isn't an inevitability in my in my opinion it's like it
- 18:54we're not gonna what's the saying like they are not going
- 18:57to go into that good night quietly like they're not going
- 19:00to give up their power. Because as we say all the time,
- 19:02And like Bitcoin is playing for all the marbles and if you are
- 19:05in the Fiat system, if you are one of these can t on insiders
- 19:08and Bitcoin is here to take your lunch.
- 19:10Well what are you going to do? You're going to protect yourself
- 19:13as best as possible and make the bitcoiners look like criminals
- 19:16because Bitcoin will take all the marbles eventually and Fiona
- 19:20is trashed. So like they know what's going
- 19:23on and they're going to try to stop as many people from going
- 19:26to that escape door. So you know, 100% it's just it's
- 19:30just an inevitability. This is just a bit coin.
- 19:32A game theory playing out and we just got to be prepared for it.
- 19:35Exactly. We got to be prepared for it and
- 19:37that, that's a perfect segue to ask money Del X.
- 19:39But first, I want to preface it when this tweet, this retweet by
- 19:43Max, Keiser that I retweeted rarely retweet things, but I
- 19:46thought it was so powerful. First, Marty been says,
- 19:49bitcoiners need to stop trying to win the minds of the
- 19:51politicians, at the federal level and focus on winning the
- 19:54minds of the people who are being subjected by the federal
- 19:57government. And Max Keiser said this.
- 19:59And I really I really resonated with this.
- 20:01And this was After the reason that Marty been said this the
- 20:04reason that Kaiser said this is because this was on the heels of
- 20:08the news from the White House where they were basically saying
- 20:11hey if we don't get to regulate Bitcoin to fit our climate model
- 20:16that's currently sending Europe Into the Dark Ages, we have to
- 20:19ban it right and it got dude and I got so angry because I see
- 20:23Bitcoin as the new American Renaissance if the federal
- 20:27government gets out of the way, right.
- 20:29But I think Max Keiser hit something here and it And it's
- 20:32so true vote with your feet, move to El Salvador.
- 20:36El Salvador is Bitcoin country and that's exactly what
- 20:40Francisco did. This is exactly what money
- 20:42dellux didn't. So, why did you do this, man?
- 20:45What what inspired you to get the hell out of of the United
- 20:51States? What, how what got into you
- 20:53brother? Yeah, so there are three ways to
- 20:56vote. Okay, one is when there are the
- 20:59elections, if you believe in it, the other one is With money and
- 21:03they are no making that possible anymore because they're going to
- 21:06tell you what to eat, what not to eat, what car you can buy,
- 21:10what you can know by how you can use your energy or even.
- 21:13Now they're trying to tell you, what can you do with your
- 21:16Bitcoin with your property, which is pretty scary, at this
- 21:18point. And the third way to vote is
- 21:21with your feet and El, Salvador scene, seems to be the last
- 21:27Beacon of Hope, for sovereignty at this point, because I I think
- 21:33things will get ugly before they get better.
- 21:39So, yep, is that why? You left?
- 21:42So initially my wife, and I were just looking for a plan B.
- 21:48So we learn about El Salvador and we came here to visit, El
- 21:51Salvador to see how was the country.
- 21:54If we felt safe here, we have two kids but then what happens
- 21:58is that during our exploratory week two days in for my wife and
- 22:04Trey three days in for me we realize we could live here.
- 22:08It's actually pretty nice. Is that of course, there are
- 22:11challenges is that developing countries, not Florida, where we
- 22:14came from but it's definitely feasible.
- 22:17And so what happened is that we went back to Florida and we
- 22:20started selling slowly our thing.
- 22:23We started to get ready because we still add our Lisa, our
- 22:27rental contract for another month and a half or two months
- 22:32but few days after we look at each other my wife and I and we
- 22:35realized there's nothing left for us here.
- 22:38Plus the electrons are coming up and we don't even know what is
- 22:42going to happen. So I'm not going to renew a
- 22:44contract for a year and I don't know what's gonna happen in
- 22:46November. So we just decided to get rid of
- 22:50everything as fast as possible. We sold some things, but we
- 22:53mostly donate everything to some friends there and also we had a
- 22:57lot of food that we were stacking up because of food
- 23:01shortages concerns, that that are still happening right now.
- 23:06And so we gave away everything. Booked a flight and we were
- 23:09right back here. So yeah it definitely Bitcoin.
- 23:14Actually grew on me while I was here because yes, I am helping
- 23:22El Salvador and Bitcoin here educating.
- 23:24But at the same time, El Salvador helped me a lot
- 23:28learning and opening up my mind. And the, the most powerful thing
- 23:34for me, he was to start conceiving bit.
- 23:38Coin not as a tool to protect yourself from inflation only but
- 23:44also to see that Bitcoin can actually work as a payment
- 23:48method like you can go to a lot of stores here and you can buy
- 23:53coffee, you can buy fruit, you can buy veggies, you can buy
- 23:56furniture with Bitcoin and that's what a lot of people that
- 24:01I know here they are doing and that was very eye-opening for
- 24:05me. And then I started learning
- 24:07about the lighting. Torque.
- 24:08And I used to be of the belief that the best way to help
- 24:13Bitcoin was to hold it and store it, and don't sell it.
- 24:17But now I am realizing that. In the developing countries
- 24:22where people are mostly poor, they still cannot store their
- 24:27Bitcoin so they need to use them and helping the circular economy
- 24:33of Bitcoin I think will accelerate the adoption of
- 24:36Bitcoin? Probably even faster than just
- 24:39the buy-and-hold of Bitcoin. Because for instance in the
- 24:43United States it's very hard to make someone understand why
- 24:46Bitcoin is important or how it can be useful.
- 24:50Unless you about 20 30 hours conversation with them and
- 24:54they're open to the philosophy and the the motives behind
- 24:58Bitcoin by here. People are unbanked, it's not
- 25:03easy for a Salvadorian here to go to their bank and open an
- 25:07account. It's actually very problematic.
- 25:10So when you show people that hey, you don't need a bank, you
- 25:13can do everything for this, you can control your money, you can
- 25:18send it. Traded at the speed of light,
- 25:22any day, it clicks with people, people understand that and
- 25:25they're excited about it. And the other thing that helps
- 25:28people understand why Bitcoin is important here is that not too
- 25:32long ago here? They had a civil war So when you
- 25:36understand that with Bitcoin, you can take your all property.
- 25:40You're all monetary energy if you want to call it this way,
- 25:43and flee, the country live. The a lot of people resonate
- 25:47with that because you cannot grab your house and move.
- 25:51If there is a civil war, it, it's a lawnmower, it's
- 25:54impossible. So it's kind of more enjoyable
- 25:59to teach Bitcoin here because people get it faster.
- 26:04And they're very interested in learning, they're very open
- 26:07minded in the United States or in all the modern countries,
- 26:10it's a little bit more challenging because people have
- 26:12their Visa and Mastercards credit cards.
- 26:15Everything is fast. They have a well-developed
- 26:17financial and banking system so it takes more time to make them
- 26:22understand. Yeah, dude, man, first of all,
- 26:27shout out to you brother. I suspect you're going to see,
- 26:30you know, it's what you said, man, it depending on the
- 26:33elections, what happens? And and as these countries
- 26:37continue to increase the taxes to pay for these giant welfare
- 26:42systems. They cannot afford.
- 26:44They've been paying that they've been paying this through deficit
- 26:47spending, right? They haven't been.
- 26:49They don't have enough money to pay for these giant
- 26:52bureaucracies, all these promises through through taxes
- 26:57alone. Right?
- 26:58And taxes are already at a level where if any politician directly
- 27:02says, we have to raise taxes for this, they won't get Elected,
- 27:05right? With the B Administration did to
- 27:08raise taxes, a little bit, is that they had to tell everybody
- 27:10that it was to fix inflation Rising inflation reduction act,
- 27:14right? Like it, like there.
- 27:15It's at that level, right? Where it's like, look, whether
- 27:19it's income tax, whether it's property tax, whether it's the
- 27:23most nefarious, the most evil tax of all, which is the
- 27:26debasement of currency inflation, right?
- 27:29How there's really nowhere else to milk.
- 27:32So but there that doesn't mean that they're not going to try.
- 27:34Right? Because they did promise their
- 27:36voter base. All these things that are for
- 27:38free, whether they were never for free, they were just taking
- 27:41it from somebody else. And as that continues to
- 27:44accelerate, I suspect you're going to see the rise of more
- 27:47Sovereign individuals like yourself voting, the most
- 27:51powerful vote that you can ever make right.
- 27:52Which is voting with your feet. And by doing that by this,
- 27:56having this Mass, Exodus of people leaving a lot of the
- 28:00developed countries seeking a better life.
- 28:02We've seen massive news from Um, Californians, leaving
- 28:06California, moving to Mexico City.
- 28:08Why is that right? They wanted to maintain their
- 28:10standard of living but they also didn't want to pay more so they
- 28:13left, right? And the internet does two
- 28:16powerful things, right? A gives you the ability to work
- 28:19from anywhere. It doesn't matter, right?
- 28:22And it also gives you the ability to use Bitcoin, so now
- 28:24you could move your wealth with. You can memorize 12 words, you
- 28:28can cross a hostile border. They'll you know, they'll tell
- 28:31you undress, take off everything.
- 28:33They'll search through your Airbags and what are they gonna
- 28:35do? It's like they're thinking they
- 28:37can't do anything and that's the ability.
- 28:39That's a power that Bitcoin is going to give you and I suspect
- 28:42money dellux. You were the first of this, this
- 28:45new movement that I feel the internet is going to just
- 28:49explode, right? People are just going to say,
- 28:51why am I paying you know for five thousand dollars in rent to
- 28:55live in New York City where my inner my job.
- 28:59Anyways, through the internet, why can't I just live in El
- 29:01Salvador? Play a small fraction of that
- 29:04live Better quality of life pay for things.
- 29:06I could never afford a New York City.
- 29:08I think it's just a matter of time before people wake up to
- 29:11that fact. And then eventually what I
- 29:13believe that's going to do is it's going to force the
- 29:16government to actually provide value for their services rather
- 29:21than the relationship that happens today.
- 29:23Which is like, if you don't pay your taxes, you're going to jail
- 29:26and you're going to have to pay them because you have no other
- 29:29place to leave because this is where your job is at.
- 29:32Well, the internet changes, ever.
- 29:34All of that. At man, so a couple things.
- 29:36We have yellow in the audience. He says, how's the internet down
- 29:40there? So, the internet is pretty good.
- 29:43My experience, they are installing a, when you get a new
- 29:47plan internet internet, plan in the house.
- 29:49They are installing fiber cables Fiber, Optic, Cables, even if
- 29:54you are not using a very super fast, super wide bandwidth,
- 29:59internet connection, and for reasons, I have 20 megabytes per
- 30:04second connection. So, and we use it heavily for
- 30:07Zoom calls. We never had a problem.
- 30:08There are five or six people connect to the Wi-Fi.
- 30:12It works pretty fine. You can see right now I suppose.
- 30:15So yeah. Also as a service, for instance,
- 30:18the data installed the internet, in our house, it was working
- 30:22fine. And then at night I stopped
- 30:23working something happened. I don't know if the storm moved
- 30:26a cable or something we called the morning after team of
- 30:30people, was already here, installing everything.
- 30:33And we are not in the city. We are actually a little bit
- 30:35isolated from we are far from the city, I'm on the beach.
- 30:38So I have to see the internet speed is pretty good.
- 30:41The connection seems pretty reliable in my experience and
- 30:44also the service. It can have nothing bad to say
- 30:47about it. So internet is great.
- 30:49Awesome. And then another component right
- 30:51is Bitcoin, you know, I think Max Keiser was the original one
- 30:56that coined this term which is you don't change Bitcoin,
- 30:58Bitcoin changes, you and the effects of saving in a deflation
- 31:03saving and earning in a deflationary currency is insane.
- 31:06Right? Nvk and I always bring it up.
- 31:09Has this amazing handle you can go check it right now.
- 31:11Called deterministic optimism, right?
- 31:14And think about it. It's common sense, right?
- 31:16In in a in a Dollar World in an inflationary world, you're
- 31:20constantly working harder to earn less money with less
- 31:24purchasing power right with the hope that your raises and pay is
- 31:30going to outpace inflation. If you are not making 15% more
- 31:34today than you were last year. You are poor.
- 31:37That's how it is right in a deflationary world.
- 31:41The opposite is true, right? So you're purchasing power will
- 31:45just continue to increase over time.
- 31:47Meaning, if you get paid $100, you get paid $100 today.
- 31:52Five years in a Bitcoin world that hundred dollars might have
- 31:55the purchasing power of 500. 600, maybe 1000, right?
- 31:59We hope so. But it's like that is, that is a
- 32:01deflationary world. Now, why am I saying this that I
- 32:04said all this to preface Francisco.
- 32:07Do you see the effects of a deflationary currency?
- 32:11Already incepting the minds of el salvadorians.
- 32:15Do you see a hope there? That is non-existent in the
- 32:18United States, one, that is being extinguished by the scam,
- 32:22money that we call the Dollar. Do you see that hope?
- 32:25I see that hope. And I don't even live there, but
- 32:28I see the actions of nine bouquet, I see the videos from
- 32:31Bitcoin Beach. I see the optimism about the
- 32:34future, but you're there. Do you see this on the ground?
- 32:38Yeah, and let me add to that. Not only the problem is that
- 32:43your money lose purchasing power?
- 32:45So you're working more, you're getting more skilled to get paid
- 32:48less. The other big problem is that to
- 32:51get out of the Rat Race, people get pushed into investing and
- 32:56what happened is that to keep up with inflation.
- 32:58They need to look for more and more risky investment vehicles.
- 33:03So not only people lose money with inflation that also pushed
- 33:07in doing things that are risky. So it put a puts everybody in a
- 33:11A tough sport. Now, we do money, that cannot be
- 33:16debased by a central Authority. The games of the game have
- 33:21changed, of course. And so, here in El Salvador,
- 33:24what I am noticing is that a lot of people that move ear and you
- 33:29said earlier, I am one of the first.
- 33:31So there are other people that are here that have been here
- 33:34before me. So I'm not one of the first,
- 33:36maybe I'm one of the first making it public or try to build
- 33:40content around it. And what happened is that people
- 33:43that come here, they are, well, aware of what is going on, and
- 33:46they also save. So, my friend James, they also
- 33:51have a YouTube channel, Nick, and James full of great info
- 33:53about El Salvador. He says, what you should do here
- 33:57is, you should use the lightning Network and your Bitcoins to
- 34:00pay. But what you do is every time
- 34:02you make a payment with Bitcoins here, you buy a 5% back, a 10%
- 34:06back. So what happened is that you're
- 34:08converting your feared to bitcoin Being for what you need
- 34:12to survive and also stacking at the same way, which I think is a
- 34:16great strategy. It's something that I also don't
- 34:19and yet, so locals may be especially in the poor areas
- 34:23might not be able yet to save and take advantage of the
- 34:27deflationary effect directly on their bank accounts.
- 34:30But people here in the middle class that is very small or rich
- 34:35people here and experts or bitcoiners the move here.
- 34:39They definitely understand saving and they're thinking Long
- 34:42terminal. So that's why people don't Focus
- 34:45as much as buying quick money. So, to speak quick investment
- 34:50here. But they look for a long-term
- 34:52like they look for buying a patch of land and grow their
- 34:55food to be healthy and knowing that it's going to take two or
- 34:58three years before that happened.
- 35:00So that's one of the way I see happening here.
- 35:04This is a the impact of money that is.
- 35:09It cannot be the base. And yeah.
- 35:13What else about that? I see here, so, and I think that
- 35:19you, you, you buried the lead there a little bit, right?
- 35:22Which is this idea that it gives you long time, preference
- 35:27mentality, right? Whereas in before you were
- 35:30forced to spend, if you're a year or, you know, a dentist, a
- 35:34plumber. You make a good amount of income
- 35:36every year, just to maintain that.
- 35:39Purchasing power, you're forced to become a part.
- 35:41Time, investor Outsource that responsibility to an investment
- 35:44bank would fucking scam or, you know, or try to do it yourself
- 35:50right now with Bitcoin. It's like, you know, you don't
- 35:52need to do that. You need to trust anybody, you
- 35:55could just buy it, leave it there.
- 35:56You're purchasing power increases over time Opti your
- 36:00Optimist Fields, bro, does this not make you feel optimistic,
- 36:04brother? Well, I stay optimistic Nico but
- 36:07of course man. I like I told you guys over the
- 36:09weekend and when I was down in El Salvador, Or I could feel the
- 36:12hope as well. And you know, it's very awesome
- 36:15to see like money delicate said, you know, to be using Bitcoin as
- 36:20it's meant to be used as money and people are taking it.
- 36:23And furthermore, you know, like they just have a cell phone and
- 36:26they're like, yeah, like give me your Bitcoin, I will take your
- 36:29money. It is money.
- 36:30So it's like, I'd love to see it and and furthermore, I just want
- 36:33to Echo something that money Daleks says, and me and he goes,
- 36:35say it all the time. It's like, there's something
- 36:37about Latin Americans that they understand Bitcoin, so much
- 36:40quicker. And easier because of, you know,
- 36:43they're their history of dictators of their currency
- 36:46being debased and it just it makes a clicks a lot easier down
- 36:50there than it does for Americans because we have been so you
- 36:53know, privilege with our money that we don't understand this
- 36:56stuff. We're so removed from the
- 36:58consequences of having bad money that it just doesn't make sense.
- 37:02And just one more Echo, man, like I say it all the time,
- 37:04Bitcoin facilitates, the only two votes that matter voting
- 37:07with your pocketbook and with your feet, you know, this is a
- 37:10feature, not a bug. Of course, man.
- 37:13Of course, I stay optimistic. I love to see this.
- 37:15And my friend wine, our friend wine, he goes down there.
- 37:18Consistently. He's like, man, every time we
- 37:21come down here it just it's changed so much.
- 37:23So like it's moving a lot quicker than we probably would
- 37:27like to see on bitcoin Twitter because everyone has high time.
- 37:29Preference is like why isn't it? Why isn't hyper big quantization
- 37:32happening right now? Why is it everyone using Bitcoin
- 37:35but it's like it's the slow trickle is happening guys.
- 37:38You know people are waking up to this and it is an individual.
- 37:41Ocean and no one can force Bitcoin on them.
- 37:43And this is, you know, this is a feature, not a bug.
- 37:45So it just it is what it is, you know, and I love what you said
- 37:49about saving money versus investing.
- 37:51Like I try to tell people this all the time and it just, it
- 37:55doesn't click. But one thing you said, man,
- 37:56it's such a great meme. It's like Fiat money.
- 37:59The more you gets killed, the less you get paid like, man,
- 38:03that's bars right there and I just have one question.
- 38:05Are you completely on the Bitcoin standard or do you still
- 38:08have like Fiat in a bank or something?
- 38:11No, I see. I have a couple of pieces in the
- 38:12United States and I get paid can repeat in fear too.
- 38:15But here is very convenient for me to swap quickly and to pay, I
- 38:18pay people that work for me in Bitcoin right now and then I try
- 38:21to tell them a try not to convert them in dollar at your
- 38:25Chiba wallet. Try to use it for things that
- 38:27you need to buy for yourself. But sometimes they do and
- 38:29sometimes they don't. It's an education process and
- 38:33Bitcoin. Yes, it clicks fast, but it's
- 38:35also a country of I think eight million people that is getting
- 38:39step-by-step educated. So it's not going to Happen
- 38:41overnight. Now we can say that the global
- 38:45situation and the government are kind of helping us of making
- 38:48this a little bit faster. Especially for people that
- 38:52they're not completely plugged into the Matrix so to speak.
- 38:57So governments are helping in, at the same time, they are
- 39:00fighting hard right now. We all that we have seen
- 39:03happening. Yeah.
- 39:05No. They're I think we've just, we
- 39:08haven't even begun to fight, but I think we see It.
- 39:12I think we're starting to feel the first Innings as Bitcoin
- 39:15continues to get closer and closer to the market cap of gold
- 39:19that hundred K is also a very strong psychological level.
- 39:22I think you're going to start to see the creatures come out of
- 39:24the woodwork, you know, and try to stop this revolution but
- 39:27again, they can't but only if it's decentralized and only
- 39:30Bitcoin is decentralized. Anything centralized was just
- 39:33basically, not basically all of the shit coins.
- 39:35It will inevitably be co-opted, it's just a matter of time.
- 39:38But anyways, Opti set for the culture Brothers.
- 39:41Check it out. Out.
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- 40:11Alright. Guys, I want to tell you about
- 40:14Pacific that coin Pacific big ones and maybe largest Bitcoin
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- 40:33Niko's on there. I don't know how and many many
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- 40:41Also Opti and I To be doing a live simply Bitcoin from there,
- 40:45you're not going to want to miss it, guys, and that promo code is
- 40:48going to get you a hell of a discount Opti.
- 40:51What do you have for us today, brother?
- 40:52Well, first off Nika, you always ask, why are you on there?
- 40:55It's because you put out, epic memes like gets Bitcoin.
- 40:59You're against Freedom. Hey, hey, I'm trying to be
- 41:02humble, bro. Humble, humility.
- 41:04Something that you don't know. Wow.
- 41:09Okay, I'm gonna let that one slide.
- 41:11Nigga, I want. Alright guys, so you got it.
- 41:14Bro. It's the bear Market.
- 41:15We gotta fight. I know, I know.
- 41:17Yeah, alright, shout out the yellow anyways, guys.
- 41:20Alright, so first and foremost, we don't speculate on the price
- 41:23here. This is a feature, not a bug but
- 41:26everyone loves price movement. Everyone always looks at the
- 41:29prize. And so today I want to, you
- 41:32know, try to spread the wisdom of time in the market beats
- 41:37timing, the market and look like we see, you know, we got a nice
- 41:40little pump, everyone's having some fun, we're You know, I have
- 41:44we seen the bottom who knows, doesn't really matter at this
- 41:46point, but the point of today's culture, is, we see things like
- 41:51this every cycle. And as you can see here, mr.
- 41:54Hodel, King pleb came pleb himself saying narrator, he sold
- 41:58the bottom, and this is, this is the Tweet where I see this
- 42:01happening all the time. I don't even know who this guy
- 42:04is, but apparently, he's some big Corner guy anyways, or like
- 42:08a philanthropist bit Corner guy. And this is, this is a meme that
- 42:12I come. Consistently come across when it
- 42:14comes to my friends, my family and even on Twitter and the mean
- 42:18goes based like this. I'll buy more Bitcoin at the
- 42:20bottom or whatever. I think the bottom looks like
- 42:22right now. Just doesn't look like the
- 42:24bottom at all. Just being honest.
- 42:26No but no pumps and as mr. Howell says he sold the bottom.
- 42:30So guys, what is going on here? I don't know how many times I
- 42:33have to come across friends and family that say, oh you know I
- 42:37will buy Bitcoin at X, you know, like the price is dropping or at
- 42:4120K like oh bitcoin price. Going to go to 10K, bitcoin
- 42:44price is going to 15K. I'll buy when it gets to that
- 42:46point and then we do hit that point like and then they don't
- 42:50buy Bitcoin, you know, how many friends that I have at 60k
- 42:53saying, like, oh, I will buy Bitcoin at 20K and then we're at
- 42:5720K and they continue to tell me the same thing.
- 42:59Oh, we will buy Bitcoin at X lower price and it's like, guys,
- 43:03we say it all the time time in the market beats timing, the
- 43:07market just continuously save and Bitcoin continuously Stacks
- 43:10add to. This is the way and it minimizes
- 43:12the The volatility this is a makes your life so much easier
- 43:16once you're in Bitcoin because you realize that oh, wow.
- 43:19The price of Bitcoin is irrelevant right now.
- 43:21Infinity divided by 21 million. If actually, when Bitcoin does
- 43:26what we know it will do, it doesn't really matter what price
- 43:29of the Bitcoin you are buying today as long as you hold it
- 43:31into the future. So what do we try to tell
- 43:33people? Consistently?
- 43:36It is continue to buy Bitcoins and here's the cycle that you're
- 43:38normally friends. Always go shouts out The
- 43:40Backpacker BTC because he put it a Weenie go, you're normally
- 43:44friends. Will finally buy Bitcoin at the
- 43:46top. They will bag hold to the bottom
- 43:48of the dip capitulate and finally sell back to the safety
- 43:51of Fiat only to then regret not holding as Bitcoin sores once
- 43:54again to new heights. It's gonna be hilarious.
- 43:57It's the circle of life. How many times have you come
- 44:00across this experience with your friend?
- 44:02They buy a little bit at the top, the price dumps.
- 44:05They don't put more Bitcoin them because they're afraid of losing
- 44:07their Fiat value. And we tell you guys all the
- 44:09time just consistently save in Bitcoin, You know, minimize the
- 44:14price fluctuations and just Stacks, that's all the way down.
- 44:18And as you do this, the psychology of Bitcoin starts
- 44:22taking over, we say it all the time.
- 44:23Bitcoin changes you, you don't change Bitcoin.
- 44:26And as you go down the rabbit hole, as you continue to stack
- 44:29sets, you started to realize. Oh my God, there's something way
- 44:33bigger going on here. As we say, all the time came for
- 44:36the money stayed to fix the money.
- 44:38This is the meme guys, as long as you hold Bitcoin slowly and
- 44:42surely You will you will start to absorb the Bitcoin orange
- 44:46pill message and you will realize, oh my God, the real
- 44:49risky asset, the real risky money to hold is not Bitcoin.
- 44:53It is Fiat. I don't know if you guys
- 44:55noticed, guys, but the US government printed 40% of all
- 44:58dollars which means you are losing wealth.
- 45:01If you are saving in dollars. This is how the dollars saved up
- 45:06or this is how the dollar is is propped up.
- 45:09Maybe Bitcoin is volatile on the short-term.
- 45:11Okay we'll give you that but But it is better than being, you
- 45:15know, slow and stable Lee, losing your money consistently.
- 45:18This is how the Fiat dollar is set up.
- 45:21You know, they have the target of 2% inflation which means
- 45:24you're losing two percent of your dollar value every year.
- 45:28And now we know that it's way harder than that.
- 45:30The last metric for last month was 9%, which means you're
- 45:33essentially losing 10% of your value in dollar year-over-year.
- 45:38Absolutely insane. That people don't see what the
- 45:41game is. Because my A Bitcoin.
- 45:43I mean guys did you see yesterday over the weekend?
- 45:46You know Bitcoin? I think went up like 20 percent
- 45:49in five days. Like I'd much rather have
- 45:51volatility to the upside than a slow trickle of me losing my
- 45:55well. Anyways, if you guys see my
- 45:58Twitter, I have this thread. That's been sitting there for a
- 46:00while. It's being a bit Corners hard
- 46:02until it isn't. And one of the things that I put
- 46:05up over there is hot all. Don't trade, like, the art of
- 46:07houghtaling is easy. Once, you know why you hartle?
- 46:10And I say it all the time in a world where insane Touch make
- 46:13money. Printer Gober ad infinitum, a
- 46:16hard cap acid. That is verifiably scares is
- 46:19invaluable. Sell your Bitcoins at your
- 46:21peril. You'll never get them back.
- 46:23Save in Bitcoin safe for the long term, pay yourself first
- 46:27because Bitcoin you can't make more than 21 million but they
- 46:30are definitely making more dollars, which means they will
- 46:33continue to make you poor. So you have a choice.
- 46:38I say it all the time. I capitulate my feet as fast as
- 46:41I have it because Don't trust the dollar at all, but I
- 46:45understand people out there, they're not as they're not, as
- 46:48orange pills, are not as aggressive as I am when it comes
- 46:50to bitcoin. And so, we tell you guys all the
- 46:53time dollar cost average is his, the way guys, as the price goes
- 46:56down, you pick up more sets, you know, your brain psychology
- 47:00doesn't have to freak out about the price fluctuation but at a
- 47:03certain point you really don't even care.
- 47:05You're just like, give me more sad.
- 47:07So I assume you're an average person.
- 47:09That doesn't have money, just lying around, but if you do go
- 47:11balls, deep, what are you going to do, huh?
- 47:13Old dollars, Lowell by a certain amount every day every week or
- 47:16month Etc. Remember and here I've changed
- 47:19the the Bitcoin ABC's because it used to be always by
- 47:22consistently. But I like saying always, save,
- 47:25consistently, guys. You need to save money as a
- 47:28money Daleks. I'm Cisco said, you know, the
- 47:31Fiat dollar is designed in such a way where you can no longer
- 47:35save your money like an average person, you have to get into
- 47:38risky investments, just to make sure and ensure that you are not
- 47:42losing. Over time.
- 47:43It's absolutely insane that this is the system and how its set
- 47:46up. All you need to do is save
- 47:48money. Hoarding money is good for the
- 47:50economy. Don't let these Fiat Economist
- 47:53tell you otherwise these Keynesian Economist tell you
- 47:55otherwise and shuts out the John ballast.
- 47:58Look, I've been literally saying this since 2020 and he goes, you
- 48:01the one with the discipline to sit on dry powder.
- 48:03I hope one day to meet you and learn your ways.
- 48:06I am the same way. I capitulate my Fiat as soon as
- 48:09I have it. It's my cross to bear II.
- 48:12Don't know. What it is, but is if I have it,
- 48:14if I have dollars, even if I try to save him, I just can't
- 48:17there's something about the psychology of Fiat money that
- 48:20went into saving and dollars. I have to spend it.
- 48:22I have to spend it on dumb shit. I don't know why I just I can't
- 48:26save the dollars but once it's in Bitcoin once you understand
- 48:29why you holler, as I said it just becomes so easy.
- 48:32It's like it's a void it's a no it's a vacuum oven cold storage
- 48:36and my Bitcoin just stays there and it goes up in value as I
- 48:40ship house with my friends. So Did this thread the thread
- 48:44that I posted? I asked this question.
- 48:46What's the one thing you knew before you went down the Bitcoin
- 48:48Rabbit Hole in its never bet against Bitcoin and this is what
- 48:52I want everyone to try to understand it's that time in the
- 48:56market beats timing. The market, guys, you do not
- 48:58want to be a traitor. Look, if you can trade, I tell
- 49:01you, like, if you're a Trader by all means to be a traitor.
- 49:03But 99.9%, 99.99% of people should not be trading.
- 49:09Anything at all you have a live. Go live your life, saving
- 49:12Bitcoin And just provide value to your friends and family and
- 49:16strangers, and just save for your future, in Bitcoin, time in
- 49:20the market beats timing, the market.
- 49:21Because as I say all the time, human psychology is a bitch and
- 49:25as the price comes down, you're going to continue to be like, oh
- 49:28no, I can buy it a better price. It's going to go lower.
- 49:31It's going to go lower and then it never gets to your price
- 49:34point and then you're sitting on the sidelines trying to chase
- 49:36the bag when you could have just been saving in Bitcoin every
- 49:39day, every week, every month, whatever your money income is,
- 49:43You just save and Bitcoin and your life becomes so much
- 49:45better. Literally, Bitcoin changed my
- 49:47life, and all I had to do was save and Bitcoin continue to
- 49:51double down in my education and and ride out the wave guys.
- 49:55Go hang out with your friends, go outside, breathe the fresh
- 49:58air go, create something hashtag I am building like guys provide
- 50:03value create things and you will be rewarded.
- 50:07Become a producer. Stop consuming.
- 50:09All that trash. Stop spending your money on
- 50:12stupid. Trinkets, you need to save for
- 50:14your future. This is not the time to be
- 50:16gambling and shit coins. This is not the time to be
- 50:18gambling at the casino. You need to hold assets, that
- 50:22aren't going to get the base. Because I don't know if you've
- 50:24noticed guys, but these freaking psychopath, they're stealing
- 50:28your well slowly. And this is the game that they
- 50:31have designed against you. The The Matrix is rigged against
- 50:35you and you need to save in Bitcoin, Nico, go back to the
- 50:39the screen share. I'm going to plug two articles
- 50:41here. I'm To cover them.
- 50:43You need to do homework. First, and the first one is one
- 50:47of my absolute favorite articles.
- 50:49Everyone's a scammer by Michael Goldstein, play the music, get
- 50:53enthralled in the whole scenario.
- 50:55You need to read this article. You need to share this article
- 50:58far and wide to your new pre Corner friends because this is
- 51:02the mentality here that you need to have while you're holding
- 51:05your Bitcoin. Because if you don't have this
- 51:07mentality, you're going to capitulate your Bitcoin as soon
- 51:10as possible for the non ruski acid.
- 51:12Which is the Dollar and it's absolute Trash, Guys.
- 51:15Bitcoin is the risk-off asset. Don't let anyone tell you
- 51:18otherwise. Yes, it's still messing with you
- 51:20know, traditional markets. But that's just cause people
- 51:22don't know this message. And the second one guy's, I put
- 51:25these in the notes or in the description since I'm hoarding
- 51:28Bitcoins and no you can't have any do, not let these Keynesian
- 51:31Economist tell you that hoarding.
- 51:33Money is a bad thing. You need to hoard money for the
- 51:36uncertainty of the future. This is literally what money is
- 51:39designed for so that you can save for the future so that you
- 51:42can Have you no money on the side for unpredictable reasons.
- 51:46You know, when it's a rainy day you have money on the side but
- 51:49the Fiat system is designed so that you capitulate your money
- 51:53as soon as possible. You buy things that you don't
- 51:56need because you understand inherently that your money is
- 52:00losing value. And if you, if you don't have a
- 52:03good asset, if you don't have, if you don't have a lot of
- 52:05money, where you can buy houses and Yachts and all this stuff,
- 52:07you are losing value. I am almost positive.
- 52:10You guys are just an average person like myself.
- 52:12No, like my friends and family and you don't have frickin
- 52:15millions or hundreds of thousands of dollars sitting
- 52:18aside for you to, you know, buy houses by yachts and getting
- 52:21even more risky investment just save in Bitcoin go live your
- 52:26life. Make sure your Bitcoin is
- 52:28secured and cold storage and your life becomes infinitely
- 52:31better, Purdue's build provide value to your friends and family
- 52:35and save and Bitcoin. It is literally this easy guys.
- 52:38I don't know why you like to make it complicated but saving
- 52:41in Bitcoin is the way and you Not to complicate things.
- 52:44Yes, bitcoin price fluctuates but number goes up over time,
- 52:49there's only going to be 21 million Bitcoins.
- 52:51It's simple 11th, grade math. As Greg Faust says, there's an
- 52:55infinite amount of dollars out there and they will continue to
- 52:57print more dollars and / divide that by 21 million.
- 53:01It's simple math. If you hold any amount of
- 53:03Bitcoin right now, it's going to be worth a lot in the future.
- 53:06You just need to save and hold onto those sets because
- 53:09everyone's a scammer and they all want your Bitcoin and you
- 53:12are usually the biggest scammer because you sell and and and
- 53:16your capitulate that Bitcoin for something that you really don't
- 53:18need. Change your thinking saving
- 53:21Bitcoin, saving and hard money is the way and your future you
- 53:25will thank you. Anyways.
- 53:26Nico jump in bars bro. Bars.
- 53:31Fucking boy. Oh man.
- 53:33Okay, dude, so much to unpack there.
- 53:36Yeah man. Every single time.
- 53:37Never spared every single time. I've sold Bitcoin.
- 53:41I've regretted and also go ahead.
- 53:44Can I add something to what he says you can?
- 53:46You don't only need money, that cannot be debased but I think
- 53:50people are under estimating walk under estimating, what kind of
- 53:53problem the word is in Korean term.
- 53:55So you need to monitor that can also cannot be confiscated.
- 54:00That's the other thing. That people are really not
- 54:02thinking about it, and inflation is a form of confiscation.
- 54:07I might add right. That is that is, an indirect
- 54:09form of confiscation. So.
- 54:11Yeah. And I think, and I think Bitcoin
- 54:15is this pill of truth that eventually governments are going
- 54:18to have to no one was asking those questions before.
- 54:22It's like inflation, it's like, oh, they talk about it as if
- 54:25it's just, like, it's part of nature, it's just normal.
- 54:28And the reality is, no, it is literally, it's just M.
- 54:32It only happens because they print more money.
- 54:34Doesn't happen for any other reason.
- 54:35It's not Putin, it's not all these things that they would
- 54:37like to blame. And it's because they printed
- 54:39more money there. Debasing the currency and
- 54:42exactly what you said Opti you could spare yourself from that.
- 54:46We don't sell Hopi on this channel like a lot of the other
- 54:48channels. Okay, we like to we like to we
- 54:51like to focus on Signal. We put our sources, always down
- 54:55the link description so that you could come to your own
- 54:58conclusions, you could read the same things we're reading.
- 55:01We like to focus on what is actually how it is actually
- 55:04happening here and is the separation of money and state
- 55:07shit coiners. On the other hand, they're more
- 55:09interested in getting Lambos. And if you get into the trading
- 55:13game, you might win sometimes. But the majority of people that
- 55:16I've spoken to, and I've been doing this for quite a bit of
- 55:18time. They always get wrecked and they
- 55:20would always most people like 99% of people would have more
- 55:25Bitcoin today if they didn't sell, if they didn't buy that
- 55:29thing, they didn't need. If they Try trading it to
- 55:32increase their Bitcoin position and they would have more Bitcoin
- 55:35today. To use Odell's famous line if
- 55:39they just stayed humble and stack SATs, right?
- 55:41So it's really, as simple as that.
- 55:43There's a reason that it will Dell has been saying that for
- 55:46that long, right? We all learned the hard way.
- 55:49I might add, opt you learn the hard way.
- 55:51I learned the hard way, but it's part of paying your price of
- 55:54tuition. Anyways, money Daleks you want
- 55:57to chime in before we get to the meme review.
- 56:00Yeah, just want to say, Just to give perspective to the
- 56:02audience. I use to be one of these people
- 56:05with crypto is taking passive income.
- 56:08I learned the hard way. Why that's wrong?
- 56:12That's risky, it doesn't work. Michael Taylor was one of the
- 56:16people that kind of open up my mind because I just try out to
- 56:19argue with him logically and I couldn't just just wait doesn't
- 56:23just would dismantle every questions or rebate that I would
- 56:28have to exploit. So I am also in the This is of
- 56:31learning. You guys have been in Bitcoin
- 56:33for years, probably, I have been in crypto sadly for two years
- 56:38and in Bitcoin. Finally, I've learned my lesson
- 56:43Satoshi, thank you. Sorry, it took me so long and
- 56:46this year. So yeah, we all make mistakes
- 56:49and we all learn from those. So, yeah, you know, fact they
- 56:52don't be, it's not like this is why I go so hard on this is
- 56:57because I see like me Nico, you, we do the Same cycle.
- 57:02And if we could just protect people from themselves by giving
- 57:04them the signal up front, like you don't have to go through all
- 57:08the pain that we have to go through, you know, like I say it
- 57:10all the time, you know, you don't have to trust us but like,
- 57:14we've paid our dues for this information and it sounds
- 57:17simple, but it's simple for a reason because you're gonna
- 57:21wreck yourself, you're gonna wreck yourself.
- 57:24Absolutely alright. Alright guys, let's get to the
- 57:27main review. Daily mean, review brought to
- 57:32you by B box to bitcoin, only additional Hardware wallet by
- 57:36shift crypto crypto like cryptography.
- 57:39It's secure, it's open source and it's so easy, your mom can
- 57:42set it up. Self custody is the revolution
- 57:45in the bit box. Makes it simple, do not leave
- 57:48your Bitcoin on an exchange order a bit box today.
- 57:54All right, guys. Well, well, well, all right
- 57:57before I get into the meme as Nika always says, tweets are the
- 58:01bullet but memes are the artillery and this memetic
- 58:04Warfare, guys, you are on the front lines.
- 58:07Continue to meme continue to shitpost because what are you
- 58:10going to do? Just save in Bitcoin and wait
- 58:13till hyper Bitcoin, I'd enjoy it and join our telegram group, but
- 58:16that's how you can link us. Bitcoin memes, to review, go to
- 58:18www.ah.mil me /, the simply Bitcoin Channel and that's where
- 58:23you can link us. And we'll review them.
- 58:24Well obviously we'll review life is memes and memes is life, and
- 58:28all we have is time as we wait for hyper bit, quantization.
- 58:32So what are you going to do? You're going to make memes.
- 58:34Okay. Anyways, James, I know, I know,
- 58:37I know the eith merge is coming and everyone's freaking out
- 58:41about it. Well, I really love this, this
- 58:44this mean by Sonny decree and he goes, can't wait for the he's
- 58:47merge pre-merger, ethereum post-merge and empty wallet.
- 58:51That looks like the ethereum logo.
- 58:53Good one. Good.
- 58:54Good one bro. And then the next one, this is
- 58:56an old meme but I saw it pop up on my timeline again.
- 59:00And since I'm on the theme of dunking on E, theorem today, I
- 59:03had to add it because some people just still don't get the
- 59:06message. And so this is free slave 06 and
- 59:08he goes, don't say we didn't warn you.
- 59:10You Theory emerged, eat hashtags to catch all the shit corners
- 59:13and it's a play on the, The Matrix, you know, we got Neo
- 59:17looking at the lady in the red dress NEOS, the etherium, and
- 59:20the lady in the red dress is the merge number, go up plus 3,
- 59:24Opening proof of stake, shit coin and Morpheus as Bitcoin
- 59:27Maxis and goes look again, and it's agent Smith regulatory
- 59:31capture we've covered this before.
- 59:33But man, when it's in meme form it just hits different man.
- 59:36I just I hope you guys understand that Bitcoin is the
- 59:39way. And this next one by our friend,
- 59:41Greg zaj Greg Koch dose and this one's got a very special place
- 59:46in my heart considering that I'm absolutely colorblind.
- 59:48I'm, I am so colorblind. Absolutely insane.
- 59:51So, anyways, look at you at sailors.
- 59:53Like, if you can't see the number, you have a cold.
- 59:56I can see these. You have a headache.
- 59:58You need sleep. You need water.
- 1:00:00And you don't have enough Bitcoin or have low blood sugar.
- 1:00:03And I literally, when I saw this this morning I'm like, wait
- 1:00:05like, is it cuz I'm colorblind or is that actual me?
- 1:00:09But anyway, the next one shots are the chair Force.
- 1:00:14I think this is, this is something that we should all aim
- 1:00:18for at this point. Considering we are all on the
- 1:00:21front line and as Bitcoin me Attic officers, and he just has
- 1:00:25a heart. And he goes, when you see your
- 1:00:27Bitcoin meme in a, we particle as an example of extremist
- 1:00:30content. Tag a side notes.
- 1:00:34He hasn't had his meme in a leaf article yet, but this is the
- 1:00:38goal guys. And since I'm dunking on the
- 1:00:41world economic Forum, I'm going to just continue on this Rabbit
- 1:00:43Hole. This is Paul Mission 21.
- 1:00:46I'm not sure if he's a bit Corner yet but this is a great
- 1:00:48medium. So play on The Hunger Games, the
- 1:00:50world economic Forum wishes every District, good luck with
- 1:00:54the coming Hunger Games. Oh man, that's dark.
- 1:00:58That's dark. Anyways.
- 1:01:00Shout out to my buddy. Joe Rogers.
- 1:01:01We Got this week and I love you, bro, and it's back on the, we've
- 1:01:05great reset memes and you guys post.
- 1:01:07Great reset me. Considering my options
- 1:01:10carefully, violence with a rocket violence but the God.
- 1:01:15Oh my God. We are not condoning violence.
- 1:01:17I'm all were saying is shit's going to get crazy if the we've
- 1:01:20has their way. It's a joke.
- 1:01:22It's a joke. I know we got to make the
- 1:01:24asterisks and then you know whatever.
- 1:01:27Anyway Chef's out the Rope. I fucking love this meme robe
- 1:01:30and ropes been killing it man. Boy wrote just absolutely in all
- 1:01:33this meme stolen. So shout out to you brother.
- 1:01:36That's how you know you got good memes.
- 1:01:37Anyways he says calm, he's down tremendously bad and Niko's and
- 1:01:42Nikas word in collectivist down, tremendously bad and it's an
- 1:01:45enemy and he goes if our struggle was hopeless, their
- 1:01:48propaganda, you would be unnecessary keep going.
- 1:01:53This is the way guys. If we weren't winning, they
- 1:01:56wouldn't be trying to shit on a so hard, which means we are
- 1:01:59winning the me more fair, and, This is just the way guys
- 1:02:03continue to meme continue to be on the front lines.
- 1:02:06Continue to spread the sound money gospel because the world
- 1:02:08needs Bitcoin and we are here to fix the money and it's only a
- 1:02:12matter of time until the whole world is on the Bitcoin standard
- 1:02:15in the whole world feels the effects of sound money in their
- 1:02:19lives. So with that note, chefs out the
- 1:02:22bit Mexican, giving me all these cool stickers.
- 1:02:25I got a don't tread on me sticker, let's go.
- 1:02:29All right Mica, what's your score?
- 1:02:31Oh wait wait wait wait. Wait, hold on guys.
- 1:02:33Put Your Meme score in the chat so that we can cover it before
- 1:02:36we get out of here. Nica.
- 1:02:37What is your what is your score? Put your memes score in the live
- 1:02:40chat is why you have to watch the show live, do it right now.
- 1:02:43Make opting I feel very uncomfortable while we read the
- 1:02:45scores, I thought Opti would never get uncomfortable.
- 1:02:49That was until the weekend. Pisode how did was the one uncut
- 1:02:52wasn't the memes that I was? And I was in my jam and I saw
- 1:02:56these like, what is going on? He pulled the Nico.
- 1:02:58Anyways, spending too much time with me.
- 1:03:01Do you think I was the only one with the soundboard.
- 1:03:03Well, that has changed. That's right.
- 1:03:09You're going to you guys are going to be hearing yellow more
- 1:03:11often than not? Okay, money.
- 1:03:14Daleks would you give those memes brother?
- 1:03:17Let me see if I can get into the camera.
- 1:03:21Assault left. Himalayan salt lamp.
- 1:03:25Those are, those are awesome. All right, yellow first.
- 1:03:29I give these memes a beard brush.
- 1:03:31Are you trying to say something yellow?
- 1:03:33It give that one bag of Satoshi specialty, Blend Coffee from El
- 1:03:37Salvador. Very, very proper mr.
- 1:03:39Robot score. Okay, a strawberry Red Rope as
- 1:03:45going, those memes, mind, and opt he's chori.
- 1:03:47So breakfast enough, I had chili so this morning Ro Z logic.
- 1:03:53I give those memes and USD savings account.
- 1:03:55Alright, I get what you're trying to say.
- 1:03:57I give those memes my new Bitcoin Day.
- 1:03:59T-shirt, awesome. Alright guys, that was some
- 1:04:02awesome scores before. No, I'll tell you guys a little
- 1:04:05bit. Anyways, there's a pleb site,
- 1:04:08let's check it out. Pleb sites brought to you by
- 1:04:13Cipher safe. Don't be that person.
- 1:04:15That stores their Bitcoins seed on paper paper is prone to water
- 1:04:19damage, fire damage, dog attacks.
- 1:04:22Everything your seat can be eaten by dogs or cats or
- 1:04:26animals. If you store it on paper, you
- 1:04:28definitely want to store your seed on steel and there's no
- 1:04:31better place to do it. Then the cipher safe, get
- 1:04:34yourself a Cipher wheel or Cipher grid today.
- 1:04:37Visit Cipher, safe, dot IO. Oh I miss one by now.
- 1:04:41But no, no. Today I give those memes, my
- 1:04:43self-defense Rock, very good, very good score.
- 1:04:46Anyways, Opti, I forgot to put it in, so I put it in during the
- 1:04:49show. I notice, I notice simply
- 1:04:51becoming on filtered. It is the written version of
- 1:04:54this show. It is the it was pure signal
- 1:04:59based ass blog, it's completely free.
- 1:05:02All you gotta go is go to Simply Bitcoin dot news.
- 1:05:06Check this out. Let's check out some of the
- 1:05:08latest articles El Salvador's attack because they're winning.
- 1:05:11Cheers to the disagreeable hidden theft, the inflation tax
- 1:05:15and yes we always put the receipts because we are gonna go
- 1:05:20but share this hidden theft, the inflation tax guys.
- 1:05:23It it makes our point for us really well written for him.
- 1:05:26And the Norman need to know that there are getting robbed out
- 1:05:29there by holding dollars and we're trying to do everything we
- 1:05:32can do to explain this to people had to my culture.
- 1:05:36Hence, the written stuff people need to understand, they're
- 1:05:39getting robbed and they need to hold assets.
- 1:05:42That don't allow the basement and, and censorship resistant
- 1:05:46money. Like this is the way guys.
- 1:05:47This is why we do it bars bars. Anyways, I want to give a very
- 1:05:51special shout-out to represent. LTD.com they are clothing
- 1:05:54sponsor opt. He's wearing the Slick, black
- 1:05:58hoodie. I'm wearing the basic with the
- 1:06:01basic text white hoodie. Very elegant, very clean.
- 1:06:04I wear this to the airport all the time.
- 1:06:05It's stylish. It's comfy and you can take
- 1:06:07advantage of the promo code down below to get 10% off represent.
- 1:06:12LTD, I also want to give a very special shout-out to our awesome
- 1:06:15guest money. Dellux, thank you for coming on
- 1:06:18the show brother. We really appreciate it.
- 1:06:20Where can people find out more about you and what you're
- 1:06:24working on? Well, thank you for having me
- 1:06:26first. As people can find out more
- 1:06:28about me, and no, Salvador on my YouTube channel, monitor Alex,
- 1:06:32or also on my Twitter account again at money dead.
- 1:06:36So and what I'm working on now is setting up interviews to get
- 1:06:41ready for the adopting Bitcoin conference that will be held in
- 1:06:45San Salvador and it will focus mostly on the lightning Network
- 1:06:51and why that's important and the circular economy.
- 1:06:54So if you guys are interested in that I want to find out more
- 1:06:56about that, go on Twitter, reach out to me.
- 1:06:59I also have my referral code as an influencer.
- 1:07:01I will be there at the event. If you want to meet me, I will
- 1:07:04be covering the event. So yeah, get in.
- 1:07:07Get in touch. If you want to learn anything
- 1:07:09about other or the adopting Bitcoin conference.
- 1:07:11Yeah I'm I actually ran into your channel.
- 1:07:15That's why I invited you on today, guys, I can't recommend
- 1:07:18this channel enough. It is on the ground Vlog, type
- 1:07:21of style. Sometimes he has interviews
- 1:07:23about what it is actually living in El, Salvador living on
- 1:07:26bitcoin. Very exciting stuff man.
- 1:07:28Thank you for joining us on the show.
- 1:07:29I'm gonna put you back stage for a little bit.
- 1:07:31Anyways guys that was simply Bitcoin, thank you for joining
- 1:07:35us for episode. Says, thus the Monday episode, I
- 1:07:38thought we would start it off strong guys.
- 1:07:40The number one thing you could do to help this Channel and
- 1:07:42share the video. Spread the signal hand out,
- 1:07:47those orange pills and simply Bitcoin, we try to do that for.
- 1:07:50We try to do the research for you.
- 1:07:53Of course, if you really liked our our Channel or our video
- 1:07:56today, you could hit that like button.
- 1:07:58If you really find what we did valuable today, consider
- 1:08:02subscribing. And of course guys, you know the
- 1:08:04deal. We will see you tomorrow for a
- 1:08:06brand new episode. Episode of Simply Bitcoin.