Latest / Simply Bitcoin / Bloomberg Hires Actor Kal Penn to Attack Bitcoin | EP 675

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Bloomberg Hires Actor Kal Penn to Attack Bitcoin | EP 675 · Simply Bitcoin

0:12
Yo, welcome to Simply Bitcoin Live Your Number One Source from
0:14
peaceful Bitcoin, revolution could breaking news culture
0:16
medical refer, we will be your guide through the separation of
0:19
money and say and that's exactly what we are all living through.
0:23
We're all going to experience experience this or all on the
0:26
ride together honored to be in the trenches with you guys.
0:28
Anyways, quick update seems like operation chokepoint continues.
0:36
Seems like the US government continues.
0:38
Its pressure on the crap, coin exchanges.
0:41
And I know a lot of bitcoiners were celebrating this last week,
0:46
but I would ask you to be cautious, ask you to be wary
0:48
because it's once they take care of them, you know, they'll kind
0:52
of put their sights on, in my opinion, I think it's self
0:56
custody, is the low-hanging fruit obviously Bitcoin.
0:59
Mining is under the crosshairs, as we're going to cover today.
1:02
There is a there's a clip by Bloomberg crypto.
1:06
They obviously spent a lot of money getting this actor.
1:11
The actor is Kal Penn. Apparently he's supposedly going
1:16
to be a replacement for the guy in The Daily Show.
1:20
Trevor Noah, we're going to talk about that.
1:21
We're going to talk about why he's doing that.
1:23
It was an attack on Bitcoin proof-of-work, mining old
1:27
narratives right like Bitcoin uses more electricity than the
1:31
country of Austria. We're going to talk about what
1:32
like they're picking and choosing what facts to reveal
1:36
and there's a lot more Nuance to that that statistic right?
1:39
Because we all know Bitcoin uses Stranded, energy, Bitcoin uses
1:44
energy. That was already going to waste.
1:45
If it wasn't already going to waste, then it wouldn't be
1:47
economical for Bitcoin miners to use that, right?
1:51
So we're going to talk about that and we have Mike on today
1:54
so it's great person talk about that with.
1:56
There's me a great show, I'm really excited but holy cow, the
1:59
the attacks continue to escalate Wow.
2:03
Anyways, before we start the show in a bring up, my awesome
2:06
co-host. Are you doing Opti?
2:07
Well, I am doing wonderful, guys.
2:10
I'm all jacked up on coffee this morning.
2:12
I think I drink a whole pot of coffee to myself.
2:14
So, you know, I'm gonna get very animated on today's show, so I'm
2:18
just hoping that Nico can match the energy bro.
2:21
So here we go, here we go. And then of course we gotta we
2:26
got Mike in here in the building so we're going to just go in on
2:31
his thread and All is writing stuff and get some of his take.
2:35
So I'm excited for today. I meant as in be a great show
2:38
and I want to bring up our awesome guest.
2:41
How you doing, Mike? Welcome to the show.
2:42
What's up guys? Hey, should I go get my simply
2:45
Bitcoin camo hoodie and match? You Nico.
2:48
I like that idea. I like that.
2:49
Did I have time? Maybe, maybe during the
2:52
commercial break? Anyways, everybody.
2:54
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Anyways, at the time of recording, the Bitcoin price is
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20 1535 SATs per dollar 4644 blocks The Happening. 776 770
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6371 blocks to The Happening. 60 3629 having estimate, April 24
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2024, total lightning network capacity, 5005 359 And capacity
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value 115 million, u.s. dollars realize monetary inflation 1.75
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percent, it went down and went down another point one percent,
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look at that, it's awesome. The power of a deflationary
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currency, Cap Supply baby for the win market capitalization of
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Bitcoin 415 billion. U.s. dollars is still a baby in
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the grand scheme of things. Anyways, so this came out over
4:53
the weekend. So weird dude and let's check
4:57
out the engagement level as well. 47 likes or the seven
5:03
likes obviously Corners hammering.
5:06
Them. Whole look at this meme.
5:07
What is secret to Eternal happiness?
5:09
To not argue with fools? I disagree.
5:12
Yes, you're right. Oh man.
5:16
So maybe we're the fools debunking this.
5:18
So this is the power of Twitter by the way you know the power of
5:20
the internet, right? Allows the Common Man, the
5:22
average Joe right? If I want to speak your mind,
5:25
you can speak your mind to these Giants, right?
5:27
This Bloomberg has giant media organization at Fiat
5:30
organization, 9 point, 1 million followers or check out the
5:34
crypto handle crypto handle. Almost has a million followers
5:37
and he barely gets 47 likes. I think there's more to this
5:41
story though and it's something that I tweeted out after I saw
5:45
this video, which is you can control proof of stake.
5:49
Can't control perf work, right? And and honestly I really think
5:53
that's what it's about on a fundamental level.
5:56
Anyways let's check out the video the video and then we'll
6:00
talk about it. What makes cryptocurrency such
6:04
an energy hog? Well it comes down to three
6:06
words, proof-of-work, traditional old-school money is
6:10
created by a central institution that validates it and
6:13
distributes it, but cryptocurrency, relies on a
6:16
network of computers to do this called miners, these miners,
6:21
create new money and then verify transactions with the proof of
6:24
work system. It's essentially a lottery that
6:27
miners enter by attempting to solve a very complicated
6:31
calculation. The calculation itself is
6:33
completely pointless, like like high school geometry, but it
6:37
proves that you've made a computational effort to mind
6:41
that Bitcoin. That's the proof of the work of
6:43
these transactions and whichever minor wins the lottery wins
6:47
Bitcoin. I mean, that's why they play
6:49
Unfortunately, no matter who wins the climate losses because
6:53
those miners aren't actually cute little cartoon workers with
6:56
hard hats, although, that would be awesome.
6:58
There are giant containers full of thousands, and thousands of
7:02
purpose built computers using massive amounts of electricity
7:06
emissions from Bitcoin alone are estimated to be comparable to
7:09
Austria. So if crypto is here to stay the
7:12
question becomes, what do we do about its massive carbon
7:15
footprint? Well, one option is to replace
7:18
the proof of work. Work system with a different
7:20
system called proof of steak, instead of minors doing
7:24
calculations to enter the lottery, miners, simply pay to
7:27
enter this uses. Way less energy by some
7:30
estimates 99.9 percent less ether.
7:35
The world's number two, cryptocurrency after Bitcoin
7:38
switched over to this method last year in a major upgrade
7:41
known as the merge. Sorry, I tried to make that
7:46
sound epic but still pretty nerdy.
7:48
Bitcoin has Has no plans to switch to proof of stake but
7:52
minor is can still reduce their footprint if they switch to
7:55
renewable energy. Oh, I mean, you kind of have to
8:02
ask yourself like why did Bloomberg hire a paid actor to
8:08
attack Bitcoin and advocate for, you know, advocate for aetherium
8:13
proof of stake? Well, we've said it many times I
8:15
think can control proof of stake, right.
8:17
In fact, if you take a look at the data sense, a Furia move to
8:22
proof of stake about 60% of etherium, validators are
8:27
actively censoring for an office of the future.
8:29
The US government specifically, the US Treasury specifically,
8:32
the office of foreign assets control, right?
8:34
60%, since they've made since they've migrated to proof of
8:38
stake, right? Can't control proof of work.
8:41
And I think that's, I think that's the issue here anyway.
8:44
So I did a little bit of digging on, on, on on Cowpens.
8:49
He was part of the government. So pain was offered the position
8:52
of associate. Director of The White House
8:53
Office of Public engagement and intergovernmental
8:57
intergovernmental Affairs public.
8:59
Man, right. It's interesting.
9:02
Right? And remember we know, we know
9:05
how the B Administration feels about Bitcoin mining.
9:09
They use the same type of wording when it came to the
9:14
digital assets framework and that let that it that executive
9:17
order LED all these government agencies to you know release
9:21
reports on bitcoin, Bitcoin mining.
9:23
We also have pressure from a government agencies as well
9:26
asking Bitcoin miners to reveal their Environmental footprint.
9:31
We also know that the Bitcoin mining industry is made is they
9:35
want it to live up to standards that.
9:38
No other industry is made to live up to, right?
9:41
So, is it really about Bitcoins energy use?
9:44
And the also the misconception about Bitcoin, it's not a
9:47
misconception, but I just don't think it's a fair comparison
9:50
when they say Bitcoin uses as much energy as the countries of
9:54
Austria, right? I don't think that's a fair
9:58
where I don't think it's Fair like narrative the way that you
10:01
pointed out and the reason for that is what type of energy is
10:04
Bitcoin using right? Like what type of electricity is
10:07
Bitcoin using right if Bitcoin you can't set up Bitcoin miners
10:11
in the bit, in the middle of a big city, it's not economical
10:14
for those miners, Bitcoin miners have to go towards stranded
10:18
energy, Pockets, isolated, energy Pockets, meaning its
10:21
energy that was already going to waste, right?
10:23
So that's why it was so popular with, you know, the the flare,
10:28
the flared gas community. Right, it's like that flared gas
10:31
is Art is anyways being vented into the into the atmosphere
10:33
anyways, why not turn it into money so that that's not brought
10:37
up in the narrative. The Narrative is using energy is
10:41
bad. Proof of work is bad.
10:43
Etherium is good, conveniently proof of stake of something that
10:46
they can control. It's already been proven to be
10:49
the case, right? Because if you're in a theorem
10:53
is so resource intensive to run the software that causes a
10:56
centralization of the computers that are running that For most
11:00
of them are which are servers, right and the most of those
11:03
servers happen to be a WMS servers, there's really Jeff
11:06
Bezos running ethereum if you really want to dive into it.
11:10
So I mean, but none of that is brought up none of this nuance
11:13
and other details on the specifics.
11:15
It's brought up. It's just this constant
11:17
narrative hammering, the same narrative home, and what is the
11:20
purpose of that video? The purpose of that video is to
11:23
win over popular support, because they can Fork it
11:28
whenever they want to. E8, this proof of stake Bitcoin.
11:32
But the, but they know and the change the code campaign to paid
11:36
funded by the xrp guy, but they know that if they Fork it.
11:41
People aren't going to switch. So what they really mean when
11:44
they say we can do, this is to accumulate enough popular
11:48
support political support in order to pass a law to ban it.
11:53
That's what they mean by that, right?
11:56
Either Bandit or steer be correct one of the day which
11:58
they won't be able to see your Bitcoin.
12:00
So yeah and and so and again they could do that.
12:03
But I'll tell you that, I'm not running that softer with my
12:05
node. I'm not running that.
12:07
Thank you can run that but I'm not running that.
12:09
So again. Oil and gas guys aren't going to
12:12
run it because they're not going to get the benefit of running
12:14
proof of work to lower their exactly.
12:16
Exactly. So who's left?
12:19
Maybe Riot blockchain like none of the none of the none of the
12:23
people that are in the major Metro like large mining
12:28
operations. Like you just talked about like
12:30
those mining operations, were always going to be like they
12:33
were going to be what you want to say like iterated Away by
12:37
rapidly because Bitcoin miners are always going to be.
12:40
Most incentivized to be at the source of energy generation.
12:43
So like Marathon, Riot those guys, huh?
12:46
Date like sorry but a lot of them are probably going to get
12:50
gobbled up or piece to piecemeal depart into the oil and gas in
12:54
the nuclear energy generators probably in the next couple of
12:58
years. They're moving pretty quick.
13:00
Yeah, and this is something that we've seen this pattern right,
13:02
which is idea that most. I don't know how you feel about
13:06
this Mike but I believe that most energy companies are going
13:09
to eventually become Bitcoin mining companies like, yeah.
13:12
Like I think they're going in the same the coin in and I made
13:16
a threat about this a few months before.
13:18
I actually got brought onto the game team.
13:21
Great, American mining team was I made a thread where energy
13:24
producers are going to become the big Bitcoin Miners and then
13:29
the companies that started off as Bitcoin miners that don't
13:32
give up, they're just going to end up becoming exploratory,
13:35
like, stranded geographically, distress, energy, locators to
13:39
the point of where they can, Provide the incentive to like
13:42
bring energy generation there and then they'll just move on to
13:45
the next thing like they're literally going to become the
13:47
enp companies and they're just going to use Bitcoin mining to
13:51
provide demand for the energy. That's generated there to
13:53
produce some Revenue rapidly and then the big energy guys are
13:57
just going to come in and follow up and expand out what they
13:59
started. That's all it's gonna happen.
14:01
Yeah 100% but and we actually hammered this point in home last
14:06
week a lot Opti got so animated. He got so excited.
14:10
Which is the idea of narratives, right?
14:13
And clearly they're not interested in my opinion.
14:16
When I see that a lot of that stuff has been debunked over
14:19
time, that they're trying to sell a narrative.
14:22
That's what they're trying to do, they're not interested in
14:24
seeking the truth. They're not interested in.
14:27
Okay? You know, this is Bitcoin.
14:29
The best money is ever existed. It helps everybody equal, its
14:32
Equitable, it's equal money. No, they're not interested in
14:34
that they're interested in selling you a narrative and and
14:37
I think it boils down to money. In politics power and control.
14:41
I think that that's what it boils down to.
14:44
I kind of skirted around that, that that conclusion for many
14:49
months. But then it just started to
14:51
become. Like, it's like, you can't, you
14:53
can't saying good faith. That a lot of these people are
14:55
stupid. You can't say that know, very
14:57
well and you won't and you into your point.
14:59
You can't pull politics out of any of this.
15:02
Yeah. Like like, I like, you guys
15:04
know. I guess, I think I've probably
15:05
had said it multiple times in like the simply spaces.
15:09
It's like you guys can politics is like the devil.
15:12
Like, you can choose not to believe in the devil or in
15:14
politics. But politics is going to believe
15:16
in you and just like the devil and it's going to be used
15:19
against you whether you want it to or not.
15:22
So you might as well just accept the game and start playing a
15:24
little bit. Yeah.
15:25
Otherwise otherwise, you're just getting pushed around like,
15:27
you're talking about with all these narratives stuff.
15:30
I completely agree. I can degree.
15:32
And the funny thing too is like, I don't know if you guys noticed
15:34
but like watching the video I was like I was biting my tongue,
15:38
the entire I'm like that. Like the funny thing is the way
15:41
they start the video at Bloomberg actually.
15:43
They did a pretty good job as far as like what they're trying
15:46
to do. I'm not saying that like
15:49
suggesting the Bitcoin, get pushed over to proof of stake is
15:51
a good thing but they did a good job in structuring the video
15:54
because at first like they they've improved their
15:58
understanding of Bitcoin and Bitcoin mining because some of
16:02
that early on was actually like it was good stuff but then they
16:06
turn the narrative almost on a dime.
16:08
And then they're like, but the environment pays the price.
16:13
It's like, no, it does it. And like, to the point of, like,
16:16
somebody in the chat that said, that, like, Bitcoin miners don't
16:18
produce exhaust, like, that's true, they don't produce
16:21
exhaust. But the, the what they're trying
16:23
to tie it to is the, the energy generation that is being used to
16:27
provide the electrical power to run.
16:29
The miners, does have an exhaust and then that's what they're
16:32
trying to attribute to it to the narrative to try and do the
16:34
whole Affinity scam and everything.
16:36
But to the point that Getting at is that like they can try an
16:40
attribute that all that they want.
16:41
But the environments not losing because like the stranded energy
16:44
that's being used to run the miners.
16:46
Like, for say, for example, Associated natural gas.
16:50
It was either going to be vented or flared.
16:52
Anyway. And when you're a flaring or
16:54
venting you're at the you're at the like beholdin to Mother
16:58
Nature and wind like screwing up like the the flare, like the
17:04
efficiency of the burn rate of the flare and everything, like,
17:06
if his wind blowing too hard, it, screws it up.
17:08
All sorts of other stuff like that.
17:10
So the environment doesn't lose when you're channeling that
17:13
associate natural gas through and through a internal
17:18
combustion engine to power in a combat motor provide electricity
17:21
to run the miners. Like you're consuming more than
17:23
what would have been otherwise produced.
17:25
So again Bloomberg you've been wrong for like two or three
17:29
years straight. You're still wrong.
17:31
You should probably get Ike hire.
17:32
Some better people, I'm up for higher.
17:34
If you would like I can correct. You guys, I think that they know
17:38
exactly what they're Doing. I think that they they have
17:41
political, they have political and goals in this.
17:44
And I think that's why they're, you know, that's why they're
17:47
releasing this type of propaganda.
17:49
It, co-opted eat. Now that's appropriate to use
17:51
that word, that was propaganda. That was some BS Fiat propaganda
17:55
that we just saw anyways, Opti, what's your take on this as
17:59
well? Are the tricks and foremost,
18:01
first and foremost, how far has Harold and Kumar drop, man?
18:05
They just fall in love, was that him?
18:08
Yeah, castle castle so much. Anyways, to your point Niko.
18:22
The last point you made like, this is just, this is just how I
18:26
know we're winning. It's like, when they roll out
18:28
propaganda like this and they have their paid actors, they're
18:30
paid shills, you know, spewing so much half-truth.
18:34
It just, it just goes more to our point that we are just
18:37
continuously. It is our mean world, and
18:40
everyone else is just living in it.
18:41
And like, why do they always show proof of steak?
18:44
It's what Nico and Mike said, it's about control of the
18:47
network, they know that they cannot control proof-of-work.
18:50
They know that they can't control the decentralized
18:52
network of bitcoiners out there running nodes.
18:54
And so they're trying to co-opt the narrative like, you know, to
18:58
Mike's Point it's something I saw as well.
19:00
There's so many half truths in in that little two minute clip
19:03
where it's like it starts off good and then the angle it into
19:06
like oh but you know, we're here to save the environment.
19:08
We need to switch the network to prove a steak, but like these,
19:12
these greedy bitcoiners are not moving to proof of stake.
19:14
It's like, man, it just it, you just can't stop the signal
19:18
because like, even when he tries to stop the Bitcoin signal,
19:21
there's still that Bitcoin signal in there and I think it
19:24
just goes back to what we continuously say all the time.
19:27
Like they can try to stop Bitcoin from spreading from
19:30
going into the mainstream Consciousness, but the more they
19:33
talk about it the more they Barbra Streisand effect Bitcoin
19:36
and like they're not going to kill the network.
19:38
It'll It more popular like continuously talk about Bitcoin.
19:41
This is this is a feature, not a bug and then also you know like
19:44
what do you say? Proof of work is completely
19:46
pointless and they also were saying like they're using the
19:51
meme of Bitcoin mining is solving complex math puzzles and
19:55
it's just wasting energy and comparing it to Austria and
19:58
shout out to whoever sent the checks.
20:00
I was going to say the same thing.
20:01
We should unplug Austria there wasting too much energy as the
20:05
job. That's a joke.
20:06
Obviously, I'm joking. But I mean, we Could though but
20:10
also talking on the point that Nico said and I'm really glad
20:14
you brought it up because I did go hard on it.
20:16
Lastly, like talk about propaganda, man.
20:18
Like this is how I know that we are continuously winning and
20:22
it's something that I say all the time in space is on the
20:25
show. The fact that they can roll out
20:28
stuff like this goes to the idea that they know exactly what
20:32
they're doing. They're just trying to Gaslight
20:34
the normies out there, Gaslight the uninitiated, the ones that
20:36
don't know what's going on and they Just got to feed him
20:39
headlined and sound bites that they can latch onto so that they
20:42
can basically continuously psyop them into their own detriment.
20:47
And here we are like Bitcoin exposes all truth.
20:50
Bitcoin exposes people's incentives and now we know
20:53
exactly where they're coming from.
20:54
They're just getting paid off to be proof of stake shells.
20:58
And and again another good part two is that like opt to you.
21:02
And I have talked about this tons of times.
21:04
I know that for a fact there there there.
21:08
They're capitalizing on a common misconception, whether it when
21:13
it's comes to normies that are trying to budget or it comes to
21:16
individuals trying to lose weight, like the fitness thing
21:19
or it comes to like the energy. I climate activists trying to
21:23
say that. Like, so, when you, when you
21:25
want to improve efficiencies in this system, whether it's
21:29
whether its energy or fit like Fitness and losing way, or like,
21:33
fixing your budget and everything, a lot of times like
21:36
going defensive, like, protectionism and Senior
21:39
consumption isn't the proper approach.
21:40
A lot of times is going to be increasing how much you're
21:44
producing and how much you're spending in order to get more.
21:47
So you can do things more efficiently so it's like working
21:50
out like you're going to be more.
21:52
You're going to get more out of eating more and doing more
21:54
resistance training than if you were to just starve yourself or
21:57
like in this case with energy, if the climate activists really
22:01
really cared about the climate which is to the point of like
22:04
Alex Epstein's book, if they really really cared it wouldn't
22:08
be about About consuming less energy, it would be producing
22:11
more energy cheaply. So you can produce higher
22:14
quality products and in materials so that you don't
22:17
impact the environment is deeply and you like, and you also
22:20
improve like waste production and all sorts of that stuff.
22:23
So, like again to the, to the point that you brought up Opti
22:26
with the video, it's a half-truth.
22:28
Like you, you don't, you don't, you don't improve the World by
22:33
consuming less energy. If we did that, we would have
22:35
hit producing folded steel and then Back to using like wood
22:40
burning and stuff. We would have never progressed.
22:41
Like that doesn't like that. Just doesn't make sense.
22:44
Yeah. And then there's also like a
22:45
direct correlation between the wealth and the prosperity of
22:49
human of humankind human beings and their ability to harness
22:54
energy, right? And yeah, that this like it and
22:58
you know, out he really nailed it in that book.
23:00
Right. This idea like I think they're
23:04
fundamentally against human Prosperity because it is A
23:08
direct correlation. I don't think you.
23:10
I think they're inextricably linked.
23:11
I think you can't separate the two.
23:13
There are against everybody else is prosperity.
23:16
They want their own. They don't want anybody else
23:18
competing with them and prosper, and prospering and challenging
23:21
the challenging there. He'll every King wants to defend
23:23
their Hill, but these guys are kings that don't want other
23:26
kings to rise up. They just want to make sure that
23:29
nobody else gets their own hell to stay in the pot.
23:31
Yeah, I agree. I think that this is, this is,
23:34
you know, more money, power politics.
23:36
And I think that this is a very Very well done propaganda, hit
23:41
piece, but not effective. If it was effective it would
23:44
have got a lot more traction on Twitter and I were 47 likes.
23:49
Yeah. They look if the The Internet Is
23:51
Ours. Like if they come to the
23:52
internet they have to, they have to go head-to-head with us and
23:55
we own that that airspace, you know.
23:57
So at, you know, they better come armed with with, with truth
24:02
rather than, you know, these misconceptions, their ability to
24:04
crack control. Narratives is severely
24:07
diminished. When Vigils have the ability to
24:09
do their own research, you know, also us bitcoiners like I gotta,
24:12
I gotta give a hand to the community because we have been
24:15
like effectively correcting narratives for the last three
24:19
years straight. And it's through just Twitter
24:23
because I ventured into Facebook and that hellhole that it is and
24:27
there is zero Bitcoin signal on Facebook.
24:30
Like, we're literally just doing it through Twitter and like
24:34
chirping at these guys, like the Bloomberg account and everything
24:36
else, it's it is Fascinating. Yep.
24:39
Yeah, but we got it. We got to keep the pressure.
24:41
This is how we win the peaceful Revolution.
24:44
Anyways, everybody, let's get to news.
24:45
We got a lot to talk about. The Daily News brought to you by
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25:46
So I want to talk about The continuation of operation choke
25:52
points for anyone who didn't watch.
25:56
Last week's show Nick Carter wrote an excellent piece on
26:01
pirate wires.com. Operation choke point 2.0 is
26:05
underway and crypto is in its crosshairs.
26:09
Detailing the Biden administration's coordinated.
26:11
Ongoing effort across virtually every US Financial regulator to
26:15
deny crypto firms access to banking services.
26:18
Has. Now that I said that, now that I
26:20
said that, does it make sense that Kal Penn who worked
26:24
formally for the Obama Administration of, which Biden
26:28
was the vice president's of that Administration, it was the vice
26:31
president. During that time, and worked for
26:34
them. This guy Cowpens work for them.
26:36
So, does that make sense? So after I read you that, does
26:38
it make sense? Why this guy is going on
26:41
Bloomberg? Using that platform to propagate
26:45
lies on bitcoin? Does it make sense?
26:48
You can't even say can't even say it's lies though.
26:51
It's not lies. It's misrepresentations, right?
26:54
It's spin, right. It's leaving out specific
26:58
details and hoping that people kind of buy into that now.
27:03
Make sense. They're building up political
27:05
willpower, the building up political momentum right makes
27:09
perfect sense now. Anyways, so operation choke
27:12
point two point. O is a, we were talking about it
27:14
and there's this beautiful timeline that he laid out about
27:18
all the the different things that that they've been doing.
27:20
And one of those things was Caitlin Long's, Bitcoin Bank
27:24
custodial, which took advantage of the Wyoming, Wyoming, law was
27:28
denied, a Federal Banking Charter by the Federal Reserve,
27:32
right? We also have a bunch of other
27:36
examples. We had finances spending US
27:39
dollar transfers. Also, there was something they
27:43
change their regulations as it comes to Swift, right?
27:46
They're only allowing over a specific amount.
27:48
Money. I think it was like over a
27:49
hundred thousand dollars, so you can you can tell that there's
27:52
definitely Rumblings and I would like to make the case that they
27:54
waited for, they waited for the FTX blow-up.
27:58
I think the FTX blow-up was the ammunition that they were
28:02
seeking and but the Silver Lining to that is it really
28:05
revealed their cards? Like the senator Marshall and
28:09
Senator Elizabeth Warren bill would force software developers
28:13
that worked on Bitcoin in the United States to register with
28:16
the state to write code. Like Absurd, but they want to do
28:20
that. They want to do that in order to
28:22
control Bitcoin. This all has to do with money
28:25
power, politics and control anyways so let's check out some
28:29
of the updates. So this is coin based coin basis
28:32
business model, relies a lot on these shit coins.
28:35
So we had the coinbase CEO freaking out over the weekend
28:38
saying, you know, this is an injustice, this is unamerican.
28:41
Can let us allow us to scam people out of their life
28:45
savings. Okay, we got to keep doing that.
28:47
So, this is a Coin basis response.
28:49
There is also a tweet that he released out earlier this
28:52
morning that he's currently in Washington, d.c. obviously, he's
28:54
trying to, you know, trying to throw his weight around their
28:58
says coinbase, taking services are not Securities.
29:01
And here's why staking is not a security under the US Securities
29:04
act nor under the, how we test trying to superimpose Securities
29:08
Law onto a process like staking doesn't help consumers at all.
29:12
And instead, imposes, unnecessarily aggressive
29:15
mandates that will prevent us consumers from accessing basic.
29:18
Basic crypto services and push users to Offshore unregulated
29:22
platforms. I agree with the last part and
29:25
the thing thing about this is that it's bittersweet and I
29:28
think a lot of bitcoiners get distracted with the fact that
29:31
you know these are shit corners. And you know I'm assuming if you
29:35
guys are watching simply Bitcoin you guys don't stake you guys
29:38
take self custody of your Bitcoin like you totally should
29:41
right. So you're watching this and
29:42
you're like Nico like why the fuck does this matter?
29:44
Well, you kind of you have to connect it with what's going on.
29:48
With operation choke operation, choke point, right?
29:55
That's what's going on, right? Anyways.
29:59
So move it on to the also the other news that broke.
30:05
This is the Wall Street Journal, crypto firm.
30:07
Paxos faces SEC lawsuit, over by Nance USD token.
30:15
And here's the update to that article, so let me get to it.
30:18
Let me get to it. This is the updated versions as
30:19
regulator orders crypto. Firm paxos to stop issuing by
30:24
Nan stable coin. So we know that stable coins are
30:26
extremely popular specifically in countries that have a
30:30
relatively High inflation rate. People are opting into stable
30:35
coins and stable coins. Take away a lot of the red tape
30:38
from the on and off ramps of Fiat and people are using that
30:42
as an alternative to their local currencies, the US government
30:45
obviously She is aware of that and they don't like that.
30:47
They want people using the US dollars of which they can
30:51
control. So what I anticipate is going to
30:54
happen, right? Part of the operation choke
30:56
point is they're going to put pressure on and off ramps are
30:59
going to put pressure on stable coins and I think that this is
31:03
just another step in that direction.
31:05
This is the separation of money. And say you're watching it,
31:07
you're witnessing it firsthand. I'm sure that you feel it, even
31:11
if you're not completely conscious of it, I feel I'm sure
31:13
that you feel the energy. Right, that we propaganda.
31:17
Video is a very important example of that, and then this
31:20
is just another step. Anyway, it goes on to say, New
31:23
York, Regulators directed A crypto company.
31:25
To stop issuing, one of the largest dollar Peg,
31:27
cryptocurrencies, as a government clamp down on the
31:30
sector widens. The New York Department of
31:32
Financial Services ordered paxos, Trust Co which issues and
31:35
list by Nance dollar Peck, cryptocurrency to stop, creating
31:38
more of its be USD token. By Nan said, in a statement,
31:41
paxos will continue to manage redemptions of the product, the
31:44
crypto accelerator Exchange added be USD, also known as by
31:48
Nancy usd's. A stable coin backed by US
31:50
dollars on a one-to-one basis. Finance and paxos partnered to
31:54
launch it in 2019 and stayed that stable coin was approved by
31:58
New York's Financial, regulator Finance USD strayed slightly
32:02
from its dollar Peg. Monday morning trading as low as
32:04
98 cents according to data from coin desk, the stable coin
32:07
traded as a discount to rival tether.
32:10
A sign that Traders were converting their Holdings to
32:12
tether quote Traders holding be USD, are looking for.
32:15
Quickest way to exit. So if you put all the pieces
32:19
together, a lot of this news you're just like why are we
32:21
covering this? Why does it make sense?
32:22
This is crypto, junk case to them trying to make is clearly
32:27
the US government is at war with the entire industry.
32:31
And I think that they used the, they use the FTX blow up as a
32:36
justification for a lot of these moves.
32:38
I think I think initially therefore they're focusing on
32:42
the shit coin exchanges. Great.
32:44
You're celebrating as a Owner, but I would ask you to be wary,
32:48
I would ask you to be wary. Because once they take care of
32:50
that, what is the next? What is the next thing that
32:52
they're going to come for you guys?
32:57
I am honestly, the way I'm seeing like, all this stuff
33:00
because like, I don't, I don't know if you guys remember a
33:03
couple months ago. How long has it been for the FTX
33:08
nightmare? When the FTX stuff started?
33:11
There was a lot of rumors going around that rumors that were
33:15
from good sources in my opinion. At least, from a friends that I
33:17
know that there were multiple different groups, chomping at
33:23
the bit to go after, by Nance. And this, Step of prevent
33:32
telling them they need to, they need to shutter their doors on
33:35
the whole operation of issuing be USD to me.
33:39
It seems like they're trying to close off the exits for money to
33:45
try and flee the finance system. And it seems like they're
33:48
preparing to kind of like start, you know, maybe grabbing CZ by
33:53
the balls a little bit and squeeze it.
33:56
Because one of the things that also makes my aunt's extremely
33:59
attractive is that they don't really have a headquarters and
34:04
they're essentially see she has it structured, he's talked
34:07
about, he's got a bragged about it to where they are effectively
34:14
in Maritime almost like It's like a money version of pirate,
34:21
like, piracy laws like the word. Like there's they because they
34:24
don't have a home in one jurisdiction, nobody really has
34:28
jurisdictional power over them. So their effective.
34:31
There they, they like to think that they're Untouchable and I
34:35
am really starting to think that somebody has it one or multiple
34:41
groups seem to have enough enough ammunition to the think
34:45
that where they can, they can at least go after CZ and finance to
34:48
the Of scaring them enough to jar some of this stuff loose, or
34:52
they're trying to just scare them to the point of making
34:53
mistakes to where they get an opportunity to really like bring
34:56
them down. So I mean by Nance.
34:59
We all know is like the well safety and likes to say
35:03
aetherium is the mother asshole from which all shit coins, you
35:05
know, spew from but by Nance is like the, the petri dish where
35:12
they go to, really, really grow into something that's
35:14
disgusting, are they, and, and I completely agree with you.
35:18
And, And but the question is, are they really actually
35:20
concerned about stopping fraud or they've really concerned
35:24
about money power politics because they put up with FTX for
35:28
a very long time. They didn't say anything right?
35:31
Yeah so and then they they took all those donations you know,
35:34
happily right. And now they're trying to
35:37
another trying to call back all those donations and threatening
35:39
to sue. The politicians that don't think
35:41
and then the politicians like no pound sand.
35:43
Like dude it is AI think this is money power politics.
35:47
Anyways. Opti, it's all you brother.
35:50
Let's get to the culture. Let's do this.
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Swan Bitcoin.com today. Alright guys, so I'm here in my
36:23
My boy, Mike and me and Mike have these conversations like
36:26
consistently on are off air in spaces.
36:29
And I'd really, I don't even know where I want to start with
36:33
this one today, but I have Mike's Sub stack over here, dr.
36:38
Doom dot, sub-sect.com. I highly recommend everyone.
36:41
Go read all the stuff he rides. I try to catch up with
36:44
everything he rides because I love, I love not only is take,
36:48
but the fact, what did, what do you always tell me about
36:51
writing? Get it in words so that you can
36:52
always Since it in the future. Yeah.
36:55
Yeah, put it in, put it, put it down, put it down in text so
36:58
that you have something to judge how you were thinking, because,
37:02
yeah, obviously, it's great to have receipts for if you're
37:04
wrong and to brag a little bit. But what's really useful is or
37:11
to have receipts, if you're right and to brag a little bit,
37:13
you not a whole lot of people brag about being wrong.
37:15
But um, if you're wrong it gives you like you as long as you
37:20
effectively right out like the thought processes in the
37:22
justifications for Why you think in particular way, you can go
37:25
back and see where you were wrong.
37:27
Correct it for the future and then improve it going forward.
37:30
I think, I think everybody should maybe, maybe not
37:33
everybody needs a sub stack, but I think you guys should all be
37:37
writing about what it is that you're thinking.
37:39
And just, it's it also really, really helps just organize your
37:42
thoughts. And then you can have
37:43
conversations. Like, we like to have that are
37:46
extremely nuanced, complicated and very intermingled.
37:49
You can keep track of like, where you're trying to, like,
37:51
take things at all that stuff. Let's All right, well, I pulled
37:54
up. One of your articles in the
37:56
first one is obviously it's Monday.
37:58
We got to give him some hope him.
37:59
So Mike this one is titled, you're not bullish enough on
38:03
bitcoin. And I think this is something we
38:04
talked about consistently is how bearish Bitcoin is really are
38:08
out there. So you don't necessarily have to
38:09
talk about this article but more on your thoughts behind why you
38:13
wrote this article. Now let's let's talk about the
38:15
article because a lot of people, a lot of people are bearish on
38:18
bitcoin because of the price action.
38:19
You guys need to like throw like stop checking price.
38:23
Like, literally there's so much better you could do with your
38:26
time, like, and your energy and your attention, stop looking at
38:29
the damn chart, because it's not good, and it's going to take a
38:32
while for it to look good anyway.
38:34
So, just forget about it, go do some deadlifts, maybe he's some
38:37
steak. Go on some dates, like, read
38:40
some books, there's a lot of better things to do, but the,
38:43
the really, the real re the reason that I wrote this article
38:47
and I put it in the subtitle, is the Civil infrastructure
38:50
benefits of Bitcoin mining? So, like, we were talking about
38:53
Out the whole energy relationship with like oil and
38:55
gas, and nuclear power producers and all this other stuff.
38:59
But one thing that a lot of people need to understand is
39:04
that when it comes to upgrading infrastructure for the energy
39:08
grid for like that, we're all using right now to like to watch
39:11
listen and partake in this conversation in order to upgrade
39:16
that infrastructure. There's there's a very delicate
39:19
dance that has to happen. Like demand has to go up But it
39:23
has to be allowed to go up. As far as infrastructure with
39:26
like power lines, like the Distribution Systems, the the
39:29
different energy Regulators like the iso, my so or caught those
39:33
guys, they all have to manage this very delicate, dance of
39:36
like, okay, demands going up. We need to also increase Supply
39:39
fast enough in order to be able to, you know, so like support
39:43
demand, without that demand getting so high, where it fries
39:47
like the power lines because power lines are graded to her
39:49
particular amount of energy being able to Pat or else.
39:52
Electricity to pass through them.
39:54
But at the same time you don't want.
39:55
You don't want to expand that capability, too far to where it
39:58
allows the the supply of electricity to dilute to the
40:02
sense of where you're having rolling blackouts.
40:05
So like, you have to be, you have to be, as to be a very
40:08
like, very like marginal and manage step function right now,
40:11
where what Bitcoin is allowing is because it has just an energy
40:17
Supply and energy demand suck, I guess just a black hole for
40:20
energy and electricity generation.
40:23
You can use it. Like so for example, a new new
40:27
Power Nuclear Power Plant is going up.
40:30
You put Bitcoin miners there to provide energy, energy, demand
40:34
electricity demand, produce a revenue for that nuclear power
40:37
plant, and that doesn't eat that power plant.
40:40
Doesn't necessarily have to be immediately tied to the Grid in
40:42
order to start gaining revenue and you can use the Bitcoin
40:46
miners to provide some marginal revenue.
40:49
Whether you want that, that that energy.
40:52
Operation, the generation operation to run at 90% capacity
40:56
or 40% capacity, doesn't matter. And you can do that up until the
41:00
point of like if you for example if you needed to like have time
41:03
to build out connecting infrastructure to the grid, you
41:06
can do that while the miners are keeping the, the operation
41:09
running. And to this point also is it
41:13
allows for the demand to just perpetually.
41:15
Go up as high as you want it. And if you have demand to go up
41:19
as high as you want it, then you can use that.
41:22
To effectively build out infrastructure, as far as you
41:25
want to take it. So if your infrastructure is
41:28
going as far as you want so you can effectively allow for City
41:31
and Municipal and National energy infrastructure to
41:34
actually outpaced the demand of the of the grid itself to the
41:39
point of where the way I see it. You could get to the point where
41:42
you upgrade infrastructure so far too.
41:46
Effectively get to the point of where blackouts or just a thing
41:48
of the past. Now maybe that's a little like,
41:51
you know, fugazi or dreaming of me, but like if you get to that
41:56
point and that it should buy relation, also drop the cost of
42:00
electricity for like the average consumer like.
42:03
Then we're looking at a world that is very, very like almost
42:05
polar opposite from where we are now and you get to that world,
42:09
to the point of where electricity is super cheap, then
42:11
you can use these high potency new like power generators.
42:15
Like nuclear power plants, then you can use that and go
42:18
basically full Tony Stark and start trying to synthesize
42:21
higher end but like materials then maybe we haven't even
42:23
discovered yet because you need such high energy inputs in order
42:26
to get there and like then we're talking about like a real
42:29
future. We're not like we're not in this
42:31
situation where everybody's freaking out because electricity
42:34
is so costly. You can't afford to like really
42:36
like, you know, go out and get some quality steak and food and
42:39
everything. That's that's that's the
42:41
excitement of that article. That's what everybody should be
42:43
looking at price is And all, but that relationship changes the
42:48
world entirely. That's why you should be bullish
42:50
on bitcoin generational list, generational wealth is cool.
42:54
But that that's what you guys should be thinking about, let's
42:57
go. Okay, this next one, this might
42:59
be one of your more spicy takes. I'm pretty sure it was this
43:02
article. We talked about it last week.
43:05
It was on Friday when the news about the Mississippi Bill
43:08
coming out and you titled, this article Bitcoin will fail at
43:12
destroying Fiat and this is the idea that like if the US wants
43:15
It's to the US wants to maintain their power, then they are
43:20
incentivized to not only adopt Bitcoin, but endorse Bitcoin,
43:23
Bitcoin mining and and everything that we're doing here
43:26
and I'm pretty sure this is the article that you wrote that in.
43:28
So jump in on that idea and then I have one last one.
43:32
Last topic that I know we going to get a little spicy on so jump
43:35
on this one and then we'll move on.
43:37
Let's do it. And then shout out to Jedi.
43:39
Looks like he's an optimist yeah I've always been an optimist yet
43:42
I you know this but I like to focus on the Any stuff.
43:46
So that we're all prepared for the Doom when it gets here.
43:49
But so like what I was arguing with this is that because the us
43:54
like we have the majority of like the Bitcoin ha de leurs of
43:57
the world as far as like maybe not the majority as far as
44:00
population goes. But the amount of Bitcoin that
44:03
is being hot old is in the US which which it would be like, it
44:08
would be like back in the back by immediately post World War
44:12
Two when we had basically a large Out of the world's gold
44:16
because of the services we were providing to the rest of the
44:18
world. It would be like if we were to
44:21
do that now but with Bitcoin why wouldn't we use that to
44:25
strengthen the US dollar and especially with like the
44:28
geopolitics is going on right now like what we're just going
44:32
to let Russia or China do it first like you'd have to be an
44:36
idiot to do that and you'd have to be a lazy idiot to do that
44:39
because it doesn't take a whole lot of effort really.
44:41
All it does is mean like it's a Jason Lowery's points like You
44:45
just have to accept that you can't beat it, which is what
44:49
like supposedly. Well, he went and said to like
44:51
the office of the White House or whatever.
44:53
Right. But the point being too though,
44:57
is that the one of the other reasons that Bitcoin won't
45:00
succeed in necessarily destroying Fiat at least in the
45:03
near term is that there's always going to be a market for debt.
45:09
Like as bitcoiners as Bitcoin maximalist as sound money
45:12
Advocates I get it like you don't want to accept it but
45:14
that's a fact. Of reality, there's going to be
45:16
people that do have assets. They do have Capital that want
45:20
to either take out day or issue, debt, to pull, forward
45:24
capabilities into the now, that's always going to be here,
45:27
always, because debt has been around for thousands of years.
45:32
I think was the first fiat currency was, like, the sing or
45:35
the Shang Dynasty in China. And then they got taken over by
45:38
the Mongols and they destroyed it or whatever.
45:42
But it's always, it's been here. It's always going to be here.
45:44
People are It's going to swing like this isn't up to you and I
45:48
have had this conversation. Multiple times reality all like
45:52
especially human realities. We always take things to the
45:55
extreme and then we swing right back the other way and take it
45:59
to the opposite extreme. And then the whole chart of
46:01
progress is just like as a swings are extremes right going
46:04
from left to right. The whole term of progress is
46:06
this like nice smooth outline in between all of it.
46:09
So guys that's not going away. Maybe you should accept it.
46:14
I think you probably Probably should because then it's going
46:16
to like, help control like your stress anxiety and you're not
46:19
going to be angry all the time, which is not healthy.
46:23
But the II and I've been arguing this for like, probably two
46:26
years now. The US has go absolutely going
46:28
to co-opt bitcoin. They have to we've all talked
46:31
about the geopolitics in the strategy in the game theory.
46:33
It's an inevitability weather and the reason that they have to
46:38
is either like maybe Russia does do it first, but the u.s. is
46:41
going to follow suit to prevent like all that monetary premium
46:45
being From being sucked from the US overseas Russia.
46:48
Like and that's and that's a game.
46:50
That's a, that's a timeline that is in the matter of years.
46:52
And decades guys, it's not like weeks or months.
46:55
So, again, like I said, it with Hyper big, quantization, and the
46:59
whole adoption curve, expect this to take a very long time
47:03
because it will, and it's also going to take a very long time
47:06
because it takes a long time for people to change their minds
47:09
because people are very reluctant to admit that they
47:13
were wrong. That that usually requires a
47:16
significant amount of pain and discomfort in order to push them
47:19
to that extreme. Love it bro.
47:22
Yeah. Alright this last one I actually
47:25
I had another topic but you kind of brought it up and this is
47:28
something you and I talked about all the time and you said what
47:31
you just say something about like stop being so angry on the
47:34
internet and you and I've had these conversations of having
47:39
better messaging around Bitcoin and doing our best to Explain to
47:44
people the benefits of Bitcoin and I forget how you frame it
47:47
all the time, but you you go on and you have a, I really love
47:50
the way that you always talk about this of framing Bitcoin,
47:54
in such a way where, as you know, you have a little more
47:56
compassion, instead of just like reading and yelling at people
47:59
and calling them idiots. It's like, yo, guys, understand
48:02
where we are understand the person that you're trying to
48:04
orange pill and we can get more bitcoiners onboard.
48:07
So jump in on Words. Orange peeling is fishing.
48:10
You, you have to, you have to let them come to you.
48:14
You can't just like I'm sure you guys have tried it because I
48:17
tried it when I first came to bitcoin like you don't just like
48:20
pull somebody off the street and just start screaming and
48:22
spitting in their face saying hey Bitcoin is the future.
48:25
They're not going to like you. They're not going to like the
48:27
message that you're portraying because they don't like you
48:30
because you're spitting in their face.
48:31
So, just don't do it. Like, just, just just don't.
48:34
And the funny thing is too is I learned actually had an
48:37
interesting spaces interaction, like a last week like last
48:40
weekend. I've been kind of on a mission
48:44
for the Like nine months to a year of just like, kind of like
48:48
getting more involved in the Legacy finance and Finn Twix
48:51
conversations because a lot of Bitcoins are capable of having
48:55
these conversations that not a lot of people are like really
48:59
prepared for. We have a capability of being
49:03
much more effective, marketers and PR individuals and hat,
49:09
bringing good things to the table, but we have to be capable
49:13
of letting the room. Come to the Bitcoin conversation
49:16
on its own without forcing it. Because sorry guys like this is
49:20
another painful reality that a lot of us have to accept but not
49:24
a whole lot of people want to talk about Bitcoin.
49:27
That's, you're just going to have to accept that because I
49:29
guess what, 10 years ago, not a whole lot of people wanted to
49:32
talk about Fitness and working out and resistance training,
49:35
especially CrossFit, and look at what everybody is doing.
49:38
Now, like I went through all of this, like I grew up with the
49:41
whole video like the the rise of video games and Halo 1 and 2 and
49:44
like all the great stuff that people enjoy.
49:47
Now, nobody wanted to talk about that stuff when I first started
49:50
nobody wanted to talk about, it wasn't fun, it was nerdy.
49:53
They didn't think it was cool whatever like you have to Give
49:56
time for the market to come to you.
49:58
You can be the one that's like that's talking about all this
50:01
stuff, but you have to put it in a way where it's not going to be
50:04
off-putting to somebody. So like what the the Twitter
50:07
spaces that I brought up last week was like all the guys that
50:11
I interact with on fin twit, they know.
50:13
Yeah, I know, I know CrossFit sucks dude.
50:16
But a lot of the a lot of people, a lot of the fin
50:20
Twitter's like I'm like they know that I'm a Bitcoin guy.
50:24
Like they know that I'm a big coin.
50:25
They all of Know that I enjoy Bitcoin but it's because of the
50:28
way I talk about it that there that they enjoy having me as
50:31
part of the conversation. So then you just you just you
50:35
pick and choose your battles. You apply like some well-worded
50:38
truths and facts around Bitcoin and then you just leave it be
50:43
and then they'll take it up and like people can't help but like
50:46
pick up on some of these things like you.
50:47
Leave a couple of crumbs on the ground.
50:49
People are going to follow and so what I did, what the
50:54
interesting thing that I did is that Like the topic of Bitcoin
50:58
came up and it was me and one of my other buddies that also
51:00
partakes in these conversations. And I was like, guys look I I
51:03
don't really want to talk about Bitcoin because like we have
51:07
such great conversations around everything else around,
51:09
macroeconomics and geopolitics. And I know a lot of people don't
51:12
like a lot of people don't enjoy hearing the conversation so like
51:18
we can I'd like I just think like we can talk about something
51:21
else and guess what? They talked about Bitcoin for
51:23
the next flip in half an hour, 45 minutes and Have to say
51:26
anything. So, like it's and like,
51:32
especially for the guys out there because there's almost
51:34
like, no women that partake in these conversations, right?
51:37
I like the guys in the young guys, it's just like with
51:39
dating, like you don't just like Chase down women like the you
51:43
get the most success with women is if you just have, you know,
51:47
competent conversations with them, and then they'll show you
51:50
the signals that they're interested, and then you're off
51:52
to the races from there. Like Bitcoin is no different.
51:55
They coin is like dating. Eating like that's it.
51:58
Wow too much too much sauce for people Mike everyone everyone in
52:02
the Stream doesn't have a girlfriend so you know there's
52:04
gotta work on that one. Anyway anyways guys I want to
52:07
jump into the mean review. Obviously me and my can have
52:09
this conversation for a while and I think I might bring them
52:12
back soon and we'll do a long-form conversation on this
52:15
but if you like what Mike was saying, go check out dr.
52:19
Doom dotsub stack.com and Mike just kind of hit on something
52:23
that I say all the time here it's in The Bitcoin message
52:27
sowing the seeds of doubt and then just being a shining
52:30
example of being a good human. And this is how we get the
52:33
biggest impact of our message. You don't have to go out there
52:36
and beat people over the head with the message.
52:39
Just give just give them the seeds guys, just give then set
52:42
the idea and then go and live, a good life, provide value.
52:45
And people will come to the Bitcoin message on their own.
52:49
And this is part of all of us learning how to get better at
52:53
Orange pilling. So, I'm glad Mike came on Today.
52:56
But on that note, we'll bring them back cuz I think I think
53:00
Mike gave too much sauce and the people are going to have to
53:02
digest it for the day and get more views.
53:06
Exactly. Come back.
53:07
We'll come back and do a long form of the same conversation.
53:11
But anyways, your favorite portion of the show that mean
53:13
review The daily meme review, brought to you by Kaboom Rex.
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Kaboom racks. All right, guys, you already
53:46
know this is the meme review. This is your favorite portion of
53:50
the show where you guys can send this memes and we will cover it
53:54
live on the show. As we tell you guys,
53:56
consistently tweet to the bullet to memes are the artillery as we
53:59
showed you in the numbers today. It is our me more than everyone
54:02
is just living in it. They have their propagandas,
54:05
they're paid shills. And we have an army of autists
54:08
out here with the truth on our side that continuously spread
54:11
the Bitcoin signals. So drop your mean review score
54:14
in the chat. and I will cover it live, but before we go, I gotta
54:19
start with a meme that was in our telegram group.
54:23
So go check out our telegram group T.
54:25
Dot me slash simply Bitcoin. I believe I'll cover it at the
54:30
end. This is this is by one of our
54:34
regulars belong must. And I absolutely love this
54:38
because I grew up listening to classic rock as well.
54:41
And this one, just hit me in the fields this morning and we got
54:44
this guy Led Zeppelin on his shirt and we got this other guy,
54:48
Led Zeppelin and Bitcoin, Leilani share and we got this
54:50
other guy, a CDC and it says shit coins on the back of his
54:53
shirt. And you can see that we got The
54:57
Stairway to Heaven and the highway to hell and we got the
55:00
Led Zeppelin guy going. We split we split ways here man.
55:04
So a CDC. And the shit coins are on a
55:06
Highway to Hell and Bitcoin and Led Zeppelin is on a Stairway to
55:10
Heaven. This is the way boys and girls
55:12
anyways. It's next one, shouts out to
55:13
Alejandro. BTC Alejandro underscore BTC and
55:16
he goes ignore the Noise by Bit Coin.
55:18
And we Got this Bitcoin or here, you know, seeing over the wall
55:23
and the wall is literally the whole Fiat World, whether it C A
55:28
Goldman Sachs MasterCard Google, Reuters Bank of America
55:31
Washington, Post PayPal, Bloomberg CNN, Netflix
55:34
Greenpeace, and I everything else in the field world.
55:38
And we got this Fiat Maxi just staring into the wall and not
55:42
understanding that. He is getting rekt and can't see
55:45
above the noise. Become a big Corner opt out of
55:49
the And this and buy Bitcoin saving Bitcoin.
55:51
This is the way. And this next one shout out to
55:54
Michael sailor. I know you guys have all been
55:57
falling for the current thing. The currents I of on Twitter, so
56:01
I thought this was a fitting meme.
56:03
Shouts out to having billionaires memeing with
56:06
bitcoiners on Twitter and so sailor goes, don't give the
56:09
space aliens, your Bitcoin and we got this looks like the AI
56:13
generated are. And it's some space, aliens
56:17
discovering Bitcoin, and I didn't take your Bitcoin, do not
56:21
sell your been to the aliens Auto through the madness and do
56:24
fall for the current thing in the current siop.
56:26
Come on guys, come on. All right this next one shouts
56:29
out to the BTC therapist on Twitter and he goes Fiat will
56:33
die and Bitcoin Will Survive and we got this picture.
56:37
Yeah yeah and I felt this one, this one's really good one so we
56:41
got a big corner here and he's got a battery pack on his back
56:44
and it's almost fully charged and he gave one of the bars to
56:48
this Fiat Maxine. Goes it's going to save you and
56:51
the Fiat Max seigle is what is it?
56:52
And his bad knee is just completely drained and it is
56:55
Bitcoin Bitcoin will give you the energy, it will be the
56:58
foundation for you to build on so that you can usher in a whole
57:02
new era and not get robbed on the Fiat standard guys.
57:06
It it's what's the other mean Bitcoin is the escape hatch like
57:09
Bitcoin is the escape out of the great Fiat Titanic and it gives
57:15
you life guys. I know you guys have all felt it
57:17
as well. It's We energize you to stack to
57:21
build something to be more optimistic and look out into
57:25
your future and realize. Hey, there is hope out there it
57:27
is Bitcoin. Anyways, this next one shots at
57:29
the Maxis club and it's just 167.
57:32
He didn't even put anything in it.
57:33
It's just this is the mean, all right?
57:35
And he goes, I have enough Bitcoin.
57:37
And then we got a little devil on one.
57:39
Hand goes by more, and then we got a little angel on the other
57:42
shoulder goes by more. It's the same as Has to have
57:45
enough Bitcoin. You need to save as much as
57:48
humanly possible in Bitcoin. What are you doing sitting in a
57:50
chair? LARPing, I'm sitting in a chair.
57:53
Anyways, as to touch one BT. C equals 1 B TC, and we got this
57:59
shit corner and PC. Whoa, Jack knowing my crypto
58:02
portfolios down - 89% with tears.
58:06
Then we got the Chad bit Corner one Bitcoin equals one Bitcoin.
58:09
This is one that you guys have all seen, but it it needs to get
58:13
repeated guys. The only number that matters Is
58:15
the SAT under your control ride, the hata, waves ride.
58:20
The roller coaster ride that is the Bitcoin Cycles to the glory.
58:23
That is the future on the Bitcoin standard.
58:26
So, make sure you make it over the meets, egg with your set
58:30
under your control and then yesterday, or this, what was
58:33
what February 10th when Gensler? What I think this is Friday.
58:37
Yeah, it's definitely Friday when we broke the news about
58:40
genzler hating crackin with a 330 million dollar fine.
58:45
We got this good mean by Bitcoin, ater on Twitter, and as
58:50
we've been seeing on Twitter, all the shit coiners minds are
58:54
exploding. And a lot of people are
58:56
realizing that they may have made a bad mistake by going into
58:59
shit coin land and not staying humble and stacking sets and not
59:02
taking Bitcoin into self custody and putting their whole life
59:06
savings on to a stake shit coin. Anyway, we got we got this e
59:10
theory in here. Looking at his ultrasound stack
59:13
money bubble And then we got the SEC grabbing them from behind as
59:18
the bubble Burke. I know I'm preaching to the
59:24
choir here because you guys are all bitcoiners and we know this
59:28
to be true but it's amazing that more people are finding
59:33
themselves in this situation where they're about to get rekt.
59:37
So take your Bitcoin into self custody, avoid the shit coin
59:42
games, get some popcorn on the side and watch the fireworks.
59:45
Hey, the only investment that you might be wanting to own
59:48
right now. Besides Bitcoin is popcorn
59:50
stocks because it is about To go up as we all watch, the
59:54
fireworks happen in real time. Alright anyways, guys, drop your
59:57
meeting review score, chat review, score in the chat and
1:00:02
we'll cover it live. In the meantime, my mean review
1:00:06
score today is this light, my brother gave it to me.
1:00:11
It's so that I can work on my car and and basically send him
1:00:16
videos. So he can tell me what's wrong
1:00:17
with my car. Anyways, it's a nice little
1:00:20
light. Nice.
1:00:22
It's multiple multiple angle, you know?
1:00:26
It's very handy, very handy. All right.
1:00:28
My, what's the score? I think my score I went and I
1:00:32
had to grab some things. I don't really the only thing I
1:00:34
have on my desk is a Post-It notes and I don't think that
1:00:37
would be a good meme review score.
1:00:38
Hey, whatever. Got my I got my deployment coin.
1:00:42
Oh yeah. So that's something a little, a
1:00:45
little new for the Interiors. Usually it's all the units that
1:00:50
we deployed with Yeah. Wow.
1:00:52
I've never seen one of them and I'm pretty proud of so that I
1:00:55
figured I'd be a decent me mean that's that's actually an
1:00:58
awesome school. I think this is a simply Bitcoin
1:00:59
exclusive. Anyways, guys.
1:01:01
As you drop your mean review score in the chat, we covered
1:01:05
them. Go check out represent LTD.com I
1:01:09
am wearing the hoodie. The mic is wearing a hoodie as
1:01:12
well. He's on brand, he's got the
1:01:14
simply Bitcoin theme merch so you can use the promo code
1:01:17
simply Dash Bitcoin, all caps, get yourself, some of the merge
1:01:21
get yourself. I believe the ten percent
1:01:22
discount off on all the merge go spread the Bitcoin signal, see
1:01:27
if it starts any conversations I have yet to have anyone asked me
1:01:30
about my Bitcoin hat. But hey, maybe in time.
1:01:34
All right, let me see, let me get some of these meme reviews
1:01:37
explore on. Ya know exactly what it started
1:01:40
pumping once it started pumping. Well, we'll get, we'll get some
1:01:44
some looks. Okay.
1:01:45
Hold on. Let me try to get to the top of
1:01:47
this. I think this is the first one
1:01:50
shots at the Jedi. You guys, I Of that mean, three
1:01:52
episodes of Beavis and Butthead. Okay.
1:01:55
All right. This next one, Justin Arc
1:01:57
nega's, I give the memed one Opti Hobart with the hoodie
1:02:01
down. Hey, let's go.
1:02:03
Okay, this next one Igor, you guys, I give those memes some
1:02:07
Linux, distro hopping, okay. Ochre.
1:02:10
All right, let's go the p, man. Van he goes, I give those memes.
1:02:14
Orange, killing people with patients and Opti.
1:02:16
Love super clean one today. Okay, okay.
1:02:21
I love it. Actually, this is the way, this
1:02:23
is actually, the way. Oh, look, who's back look who's
1:02:28
back? Okay, Rave elevator, I give the
1:02:31
memes. One, late-night, visit from the
1:02:33
Men in Black oof. Let's wait.
1:02:36
Hold on. You don't remember what happened
1:02:42
brainwash. I just I just sweep your mind.
1:02:45
Okay, Global nonsense. And he's, yeah, exactly.
1:02:48
I give these memes the last slice of my birthday cake.
1:02:51
Wow, you still eat. You still eat cake?
1:02:54
Look at you, you have not fallen for the Bitcoin.
1:02:56
Twitter psyops. Okay, low I rate this meme.
1:02:59
Every first stage topics needs to be about Bitcoin or ancient
1:03:03
civilization or I'm not interested.
1:03:04
Let's go. Let's go.
1:03:06
Let's go. Okay.
1:03:08
Here we'll do a few more mr. Robot rate, the memes, wine
1:03:11
chilled shot of tequila. If, you know, you know.
1:03:13
Oh, I think I know. Alright.
1:03:16
This Monday, dude, it's 5:00 somewhere, right?
1:03:21
Opt he's neglected IRS tax agent, Beth be chucked.
1:03:26
Okay. Scores sometimes a girl freely
1:03:29
does want to have lunch date at the local IRS Bureau with Opti.
1:03:33
And not talking about unpaid taxes, Dude, tell me under the
1:03:36
bus. Go Bitcoin for Canadians.
1:03:39
Nico hit the buzzer whenever you're ready.
1:03:41
I give those names the big bag of weed Kappa.
1:03:43
Hoping from Harold and Kumar. All right.
1:03:50
Thank you guys. Preciate it.
1:03:53
All right, everybody, I'll help breaks loose when you could
1:03:57
disappears for a moment. Let's go then came up.
1:04:00
Something came up. I'm fast on my feet though.
1:04:02
Anyways, everybody before you drop a note, did we do
1:04:05
represent? Yeah, we Did represent all
1:04:08
right. Okay.
1:04:08
All right, so it's the last parchin.
1:04:10
It's yeah, they don't simply Bitcoins telegram group, it's
1:04:13
over there, it's absolutely free go to www.misnylaw.com plea,
1:04:17
Bitcoin TV, also check out Simply Bitcoin.
1:04:19
Unfiltered is the written version of this show.
1:04:22
Dropping the simply Bitcoin signal.
1:04:24
Anyways, check it out guys, we love you.
1:04:26
I want to give a shout out, a special shout-out to our awesome
1:04:28
guest. Mike, thank you so much for
1:04:30
joining us today, man. Appreciate it.
1:04:32
What are you working on now days?
1:04:35
I'm working on actually putting together because I've noticed
1:04:39
particularly in the Bitcoin Community.
1:04:40
It's a lot of men, obviously in a lot of young men and there's a
1:04:44
lot of focus on Fitness and stuff like that.
1:04:47
So I was like, I'm actually putting together a couple
1:04:49
different like workout programs and stuff like that that I can
1:04:53
put out there and especially literature on like health and
1:04:55
hydration and food intelligence because I've been doing so much
1:04:58
work with beef initiative, so I was planning on planning on
1:05:01
putting that stuff out. I'm going through the paces of
1:05:04
learned. Like make a company so and I'm
1:05:06
not a natural entrepreneur which is a massive pain in the ass.
1:05:10
So I'm working on doing that and then I've got quite a few other
1:05:14
writing projects going to be putting out through my sub
1:05:16
stack. So that's basically it right
1:05:18
now. Awesome, check them out.
1:05:19
Everybody could find Mike might we have his Twitter handle on
1:05:24
the screen for audio listeners. The my Cobar.
1:05:27
So definitely get more follow. Mike, thank you so much for
1:05:29
joining us today guys. Another episode of Simply
1:05:31
Bitcoin live. If you like the episode, you
1:05:33
know what to do. Smash that.
1:05:34
That like button, consider subscribing.
1:05:36
If you feel like we provided you value, the number one thing you
1:05:38
could do to help this channel, help all Bitcoin content is
1:05:41
share this video. In fact, share all Bitcoin
1:05:43
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1:05:45
brand-new episode of Simply Bitcoin live.