Latest / Simply Bitcoin / Elizabeth Warren Wants to Criminalize Bitcoin Self-Custody | EP 858
Transcript
- 0:08It's all going to zero against Bitcoin.
- 0:11It's going up forever. You're.
- 0:20Against Bitcoin, you're against freedom.
- 0:24Yo, welcome to another episode of Simply Bitcoin Live.
- 0:28We are your number one source for the peaceful Bitcoin
- 0:31revolution. We cover breaking news, culture,
- 0:33Matic warfare. We will be your guide through
- 0:35the separation of money and state.
- 0:38And today is one of those episodes where we're going to be
- 0:41talking about the separation of money and state.
- 0:44One of my favorite features about Bitcoin is that eventually
- 0:50it exposes all incentives. And what we've seen over the
- 0:55last two weeks is Elizabeth Warren, her, her allies in the
- 1:00media and her allies in government take advantage of the
- 1:03tragedy happening in Palestine and Israel to try to circumvent
- 1:10the legislative process to enact these crazy regulations that
- 1:15would essentially, you know. Attack Bitcoin make it very
- 1:20difficult for bitcoiners, particularly in the US, even
- 1:24though this movement is happening worldwide now.
- 1:28What happened is that this ended up backfiring.
- 1:30And the reason that ended up backfiring is because social
- 1:33media has allowed the common man, the everyday individual,
- 1:37the rise of citizen journalists to rebuke the claims made by the
- 1:44legacy corporate media. And that's exactly what
- 1:47happened, The Wall Street Journal conceded on Friday.
- 1:52They retracted their statements. They offered a correction and
- 1:57the Wall Street Journal article was the pillar of Elizabeth
- 2:04Warren's letter to the White House, which prompted the the
- 2:08the which prompted the White House to send to tap on the
- 2:12Treasury, specifically the Fin CEN.
- 2:14To enact these crazy regulations.
- 2:17Now I was exposed. The Wall Street Journal article
- 2:20got it completely wrong. Therefore Elizabeth Warren.
- 2:25She was using false information or misrepresenting information
- 2:30in order to achieve a certain political end goal.
- 2:33She was caught in 4K. We said this yesterday.
- 2:36She did not retract her statement.
- 2:38She doubled down. She said, OK, maybe that that
- 2:42article was incorrect, but there's other sources.
- 2:44But she only used one source in that article for the White House
- 2:47right now. What happened though, and this
- 2:51is beautiful and this is this goes back to my initial
- 2:54statement, is that Bitcoin exposes all incentives and what
- 2:59we've seen is essentially. Elizabeth Warren First you know,
- 3:06she she she she lied. First she she gets caught lying
- 3:10then she double S down and then she finally says the quiet part
- 3:16out loud and what is that quiet part?
- 3:20Basically, she's making the came the case to criminalize self
- 3:25custody. Yes, ladies and gentlemen, this
- 3:28is where we are in the movie. This is not rhetoric.
- 3:31This is not me exaggerating it in the title.
- 3:33This is exactly what she said in the video.
- 3:37And then that really calls into question the FIN CEN proposal
- 3:44and the bipartisan bill that that Elizabeth Warren has
- 3:47introduced in the Senate, even though it has a very low
- 3:49likelihood of of of being passed.
- 3:53But this is what she really wanted.
- 3:55And this coincides with the exact same words coming out of
- 4:00the head of the European Central Bank, who was previously the
- 4:04head of the IMF, who I might add is also a convicted felon she
- 4:09calls bit Bitcoin an escape valve.
- 4:13So really what you're seeing from Elizabeth Warren is fear.
- 4:18What you're seeing from Christine Lagarde is fear,
- 4:22because they know. That their money cannot compete
- 4:28on the free market with a better money, With a superior money.
- 4:33And why is Bitcoin superior to state issued currency?
- 4:39Because it does two things that they cannot help themselves but
- 4:43to do. It offers censorship resistance
- 4:49and it's deflationary. Governments are always going to
- 4:53want to do those two things. They're always going to want to
- 4:56censor and they're always going to want to inflate.
- 5:01Because without inflating, they cannot pay for the endless wars.
- 5:06They cannot pay for the things that we cannot afford on income
- 5:12tax alone. The money printing is how the
- 5:16United States continuously. Spends over a trillion dollars
- 5:20deficit spending year after year, even though the
- 5:24government, you know, you hear the the rhetoric from the
- 5:26politicians. We must tax the billionaires, we
- 5:29must tax more tax, tax, tax, tax, the income tax.
- 5:33But what they failed to tell you is that the US government
- 5:37collects more tax revenue year after year.
- 5:42But why is it that they want to collect more tax?
- 5:44It's because of the spending. This is why you have to separate
- 5:48money from state It's a question of aligning incentives.
- 5:52As long as politicians don't have to go to the populace to
- 5:55raise money for any ideas that they have proposed, and instead
- 6:00they can get, they can fund it through the hidden tax of
- 6:02inflation, the incentives of society will never be aligned.
- 6:06And I truly believe that's why we're seeing the moral
- 6:08degradation of society. That's why you're seeing the
- 6:10cultural degradation, that's why you're seeing the infrastructure
- 6:13degradation, all these things. Because the people in charge are
- 6:18not incentivized to do good by their constituents.
- 6:21They're incentivized to get as close as humanly possible to the
- 6:25money spicket. And they're willing to say
- 6:27anything and everything but blame themselves for the
- 6:33circumstance, for the situation they themselves have caused, for
- 6:37spending money they didn't have and debasing people's money.
- 6:44In order not only to enrich themselves, but to pay for the
- 6:49spending that people can't ignore.
- 6:52I mean the the for the spending that they cannot afford.
- 6:57But here it is once again, Honey Badger don't care.
- 7:02And it forced Elizabeth Warren, whether she realized or not, to
- 7:06finally, finally say the quiet power out loud.
- 7:11Self custody is a crime. If you choose to put your money
- 7:19in a way of which I can't easily seize it, I can't easily
- 7:24confiscate it, I can't easily censor it, that's a problem.
- 7:31And that is a problem for politicians that have been using
- 7:35that privilege, abusing that privilege to not only pay for
- 7:39themselves, I mean enrich themselves, but also pay for
- 7:42things. That we can't afford as a
- 7:45country. And of course we're speaking
- 7:47from a American central view, from from the, you know, because
- 7:51we live in the United States, but this applies to all
- 7:54countries around the world. Look at what's happening in
- 7:56Venezuela. Look at what's happening
- 7:57Argentina. Look at what's happening in
- 7:59Turkey. So this is crazy and this is a
- 8:03very historical moment. And I'm telling you, in a couple
- 8:07of years, I think they're going to get so desperate that they're
- 8:11going to just keep saying this. That the whole thing of self
- 8:15custody is dangerous. And if you think about that,
- 8:19like, if you think about it from like a foundational level, like
- 8:22that is so absurd because we can't debase your money because
- 8:27we can't easily confiscate your money.
- 8:30That is dangerous and you have to look at the historical
- 8:34precedent here back in the 30s. During the Great Depression, FDR
- 8:40implemented the famous 61O2 order where he made it illegal
- 8:45for American citizens to own gold.
- 8:49So countries, nation states have had a history of when they
- 8:55default on their debt, they have a history of confiscating their
- 9:00populace's wealth in order to to keep it going.
- 9:06But with Bitcoin, This is why Bitcoin is so unique.
- 9:09This is why Bitcoin changes everything.
- 9:12For the first time in human history, you can store vast sums
- 9:16of wealth, 1,000,000 billions, trillions of dollars by
- 9:20memorizing a 12 to 24 word seed phrase.
- 9:24And that makes it incredibly difficult for government to
- 9:28confiscate on a mass scale, whatever their justification is.
- 9:33And it has them scared. For the sake of not cursing in
- 9:40the first couple of minutes. So this is crazy.
- 9:44This means we're winning. Let's keep up the pressure,
- 9:47let's color within the lines. And most importantly, our most
- 9:51important weapon in this narrative, trench warfare, is
- 9:54just to expose their lies and misrepresentations so the world
- 10:00can see them for who they are. Anyways, it's going to be a
- 10:03great show. I want to bring up my legendary
- 10:05Co host, always optimistic, giant smile on his face today.
- 10:09How you doing, Opti? I am doing wonderful in in the
- 10:13face of this very, very sober monologue.
- 10:17I I was just thinking of course I I think my reigning reigning
- 10:21role here on the show is to make light of everything in in
- 10:24regards to it getting very serious and I have officially
- 10:29changed my view on my favorite politician.
- 10:31It is no longer Brad Sherman. It is now officially Elizabeth
- 10:35Warren. Absolutely love to see the
- 10:37politicians the powers that be, the unproductive class squirm
- 10:41like this and we say it all the time.
- 10:44Bitcoin exposes people's incentives and God, you love
- 10:47when they say the quiet part out loud and and it's not just us
- 10:50like talking about it. It's them actually terrified of
- 10:54what is happening. You just love to see it.
- 10:56You know it's going to go into what we're going to talk about
- 10:58on the culture this, this idea that we're we're winning so hard
- 11:02guys. It's absolutely incredible in
- 11:04the face of all the fear. Just remember that Bitcoin just
- 11:08stays winning. As long as you are taking
- 11:10Bitcoin into self custody the game is going along exactly as
- 11:15planned and you just love to see it it this was inevitable and
- 11:19it's it's actually happening a lot quicker than I thought it
- 11:21would. Nico, I'm not I'm I'm really
- 11:23surprised that this is where we are.
- 11:25Of course Elizabeth Warren seems to be the Canary in the coal
- 11:28mine for for the powers that be. So we'll we'll see who else
- 11:31starts to come out as our also third and 4th and 5th 2nd.
- 11:37Or wait, 6th favorite politicians. 100% You love when
- 11:41politicians get scared. I'd love to see it.
- 11:43Love to see it. Anyways guys, so in in these
- 11:46types of moments in history, right?
- 11:49It has never been a more important time to take self
- 11:54custody. The sponsors that support the
- 11:58show make this show possible. We're very, very picky who we
- 12:02choose, right? So yes, of course.
- 12:05And this all kind of goes to bitcoins aligned incentives.
- 12:08We choose to partner up with Bitcoin companies that make it
- 12:12easy for you to stack Sats make it easy for you to withdraw
- 12:16those stacks. From that set exchange.
- 12:19We give you exposure to the best Bitcoin hardware wallets in the
- 12:25industry. So that you can take self
- 12:27custody. And we also emphasize the fact
- 12:30of you know not you're properly securing your Bitcoin wallet
- 12:35backup seed words. Don't store it on paper, store
- 12:38it on metal. And then not to mention the fact
- 12:41that we also bring up, you know, if you guys want to take the
- 12:44next level, run your own node. If you don't run your own node,
- 12:48you're trusting someone else's. And that's why we love start
- 12:51nine. We have all of that in the video
- 12:52description. So when we're talking about self
- 12:55custody, you guys are covered on all fronts of what Bitcoin
- 12:58products to use to really achieve your sovereignty as an
- 13:05individual. Anyways, everybody let's jump
- 13:08into the show this. I think this is a historical
- 13:11episode. I I can't believe this is where
- 13:13we are in the movie. So many things have happened
- 13:16this year. Holy cow.
- 13:18And I, and I suspect my intuition is telling me it will
- 13:21continue to accelerate as we're living through this pivotal
- 13:25moment in human history. We are living through the
- 13:28disintermediation of information and we're living through the
- 13:31disintermediation of money. And it's happening all at the
- 13:35same time. Strap yourself in.
- 13:37It's going to be hell of a ride. And of course, Simply Bitcoin
- 13:41will will be here to cover it for you guys.
- 13:43All right, everybody, let's start the show.
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- 15:48And yeah, so just to celebrate, you guys helping us get to
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- 16:03At the time of recording, the Bitcoin price is 34,515 SATS per
- 16:08dollar, 2897 block height 814,860 having estimate April
- 16:1620th, 2024 total Lightning network capacity 5294 Bitcoin.
- 16:22Capacity value 182 million U.S. dollars Realized monetary
- 16:28inflation 1.74% Market capitalization $674 billion
- 16:35Bitcoin versus gold Market cap continues to creep up 5.10%.
- 16:41The grand scheme of things Bitcoin still baby.
- 16:43Once Bitcoin reaches the market cap of gold, that puts the price
- 16:47of Bitcoin at $500,000. Per coin anyways, so let's kind
- 16:54of go back the series of events and I you know to use the Chad
- 17:00Saylor's reference to cyber Hornets, Elizabeth Warren
- 17:03stirred up the the hornet's nest, Pierre Richard said.
- 17:07Elizabeth Warren spread this information to exploit a crisis.
- 17:11It's backfiring and now undermines her misguided anti
- 17:15Bitcoin agenda. To say it blew up in her face is
- 17:19I think it's an understatement. Here's the Wall Street Journal,
- 17:22which was pivotal in her She used this as the source material
- 17:27for her letter to the White House.
- 17:29In fact, the FinCEN proposal actually included.
- 17:34Some of the language included in the Wall Street Journal article.
- 17:37Right. And it's interesting because
- 17:39when she was confronted, you know, she didn't even
- 17:42acknowledge it. She says it's not about that one
- 17:45report. Well, Elizabeth Warren, you only
- 17:47used one report in that letter, right.
- 17:49So again, you could tell, you know, she was caught in 4K.
- 17:53And here is the Bitcoin Senator, Senator Cynthia Lummis of
- 17:57Wyoming, And this is, this is an absolute, you know, absolute.
- 18:04Absolute dagger, right? Metaphorical dagger.
- 18:07And here is a graphic for our audio listeners.
- 18:10And it says crypto assets account for less than 1% of
- 18:14global illicit finance. If you were to believe Elizabeth
- 18:17Warren's rhetoric, right, her bills, the fin send proposal.
- 18:22That's not what she's saying at all.
- 18:24Wait, so you are you trying to say that 99, more than 99% of
- 18:29illicit finance is using the traditional financial system?
- 18:34Why aren't they talking about that?
- 18:36Well, because it isn't about that.
- 18:39It's about the fact that in Bitcoin they cannot control it.
- 18:44That's what it all comes down to at the end of the day, right.
- 18:49OK, so moving on to the video, because it it just, it was, it
- 18:54was absolutely crazy. I tweeted this out, tweet went
- 18:57viral. So obviously it's been on
- 18:58people's minds. Here is Elizabeth Warren.
- 19:03Finally, admitting what we've known for months, we've been
- 19:06making this case for months. We have not been able to find a
- 19:10smoking gun. So we've always made it very
- 19:13clear that we've been speculating, we've been saying
- 19:15OK, it sure, just look with the words that they're using like
- 19:19the word unhosted wallet, the fact that the Fin Send proposal
- 19:24would basically make it so that you would have to report like
- 19:27they would look down upon single use addresses, even though by
- 19:31default that's how Bitcoin. Wallets work, right?
- 19:35Here's Elizabeth Warren finally, finally saying the quiet part
- 19:40out loud. Let's check it out.
- 19:41Last year you wrote that quote. In their attempt to avoid being
- 19:46traced, illegal actors have adopted ever more sophisticated
- 19:50cryptocurrency technologies such as non custodial wallets.
- 19:57Say that one more time. What?
- 20:01Last year you wrote that quote. In their attempt to avoid being
- 20:05traced, illegal actors have adopted ever more sophisticated
- 20:10cryptocurrency technologies such as non custodial wallets.
- 20:16Illegal actors are using ever more sophisticated technology
- 20:24such as taking self custody. I don't know about you guys, but
- 20:28like self custody is the default in Bitcoin, there is no unhosted
- 20:35non custodial vocabulary in the Bitcoin white paper that is
- 20:40made-up. Why is it made-up?
- 20:43Because back when they passed the six one O 2 order, the
- 20:46reason that they were so successful with seizing
- 20:49everyone's gold is that most people that had a large amount
- 20:53of gold. Because of its physical
- 20:56characteristics, had it custodied with large banks.
- 20:59So governments only had to tap on the door of those banks and
- 21:03say, hey, now this gold is mine, it's illegal for individuals to
- 21:07hold it. But Elizabeth Warren ain't
- 21:10stupid and she sees the writing on the wall.
- 21:14It will be very, very difficult. And This is why I've said this
- 21:18in the past. If enough people take self
- 21:21custody, we will win and there will be nothing they can do
- 21:24about it. Are they going to go to door to
- 21:28door? Millions upon millions of
- 21:31individuals all around the United States barge through
- 21:34their door like to confiscate their wealth.
- 21:37Mind you, America, I'm not trying to imply anything here,
- 21:41but America is one of the most armed nations on the face of the
- 21:45planet due to the Second Amendment.
- 21:47It's going to be unfeasible for them to confiscate on a mass
- 21:51scale very easily. So that's why she's saying that,
- 21:57that is why she is saying that and she's misrepresenting this
- 22:03and she's being insincere. What she's trying to do is
- 22:07commingle crime with self custody.
- 22:14She was caught misrepresenting in the Wall Street Journal or
- 22:17using the Wall Street Journal article.
- 22:19She doubled down. And now one of the most
- 22:23beautiful things about Bitcoin is that once again, it just
- 22:27exposed her true incentive. This is what she wants.
- 22:33She doesn't want you using the money that she can't debase, and
- 22:38she doesn't want you a money. She doesn't want you using the
- 22:42money. That she can't confiscate at the
- 22:46flick of a switch. That is what she's saying here.
- 22:51Is she truly representing the people in this?
- 22:56If you're in Massachusetts, she's up for re election next
- 23:00year. Whether you're a Democrat,
- 23:01Republican, liberal, progressive, right conservative,
- 23:06I don't care. Does she truly represent your
- 23:10best interest? Because what she just said is
- 23:15that writing down 24 words somehow supports illicit
- 23:21activity. Anyways, moving on, here's Max
- 23:27Keiser retweeted it and I think he's absolutely right.
- 23:32Bitcoin separates money from state.
- 23:35Liz is scared. I would say not only Elizabeth
- 23:39is scared. I would say people like
- 23:41Christine Lagarde are scared as well.
- 23:44That's why she released that meme video, you know, about a
- 23:49week or two ago, basically saying the CBDC is here.
- 23:55I see fear in their eyes, and they don't have a good argument
- 24:02as to why inflation is necessary, as to why your money
- 24:05should steal from you, as to why they should have.
- 24:08This God like power of being able to confiscate what wealth
- 24:12at the flick of a switch, either through inflation or through
- 24:15direct confiscation. Anyways, here's Sam Lehman and
- 24:21he he he makes some good points. At what point does Sen Senator
- 24:26Warren's crypto vendetta start to undermine US security
- 24:29interest? Let's take a week.
- 24:31Let's take last week's hearing. At multiple turns, the expert
- 24:36witness had to Fact Check Warren in real time and correct her
- 24:40gross exaggerations about crypto's role in terrorist
- 24:44financing. How did Elizabeth Warren respond
- 24:47to that? It's not about one report.
- 24:51And how look at what Nick Carter said.
- 24:54When the one report which you cited exclusively, and your
- 24:57letter to the White House issues a correction, I think you lose
- 25:01the right to say, quote. It's not about one report
- 25:06anyways goes on to say Fiat currency makes up between 2 to
- 25:115% of all money laundering worldwide.
- 25:14By comparison, crypto makes up only .25%.
- 25:19And yet, Warren devoted 100% of her hearing time pushing the
- 25:22narrative that crypto was the main culprit in the Hamas
- 25:26attack, a narrative that has since been debunked by multiple
- 25:29blockchain intelligence firms. In The Art of War, Sun Tzu
- 25:33champions the principle of misdirection.
- 25:36Make your enemy think you are strong when you are weak, and
- 25:39weak where you are strong. Hamas doesn't need to do this in
- 25:43the area of financial warfare because Elizabeth Warren is
- 25:46already doing it for them. She's inflating the role of
- 25:49crypto as a money laundering tool, which ultimately distracts
- 25:53the security state from where Hamas true strengths lie.
- 25:57Fundraising through traditional means such as state sponsors,
- 26:01shell companies, wallahs and bulk cash smuggling.
- 26:06Of course this isn't Warren's aim, but it is the unintended
- 26:10consequence of her anti crypto campaign.
- 26:13Overstating the role of crypto and illicit finance only
- 26:16empowers Hamas by diverting our attention from the
- 26:19organization's real cash cows. That's why Doctor Wagman
- 26:23implores Warren not to take her eyes off the greater threat.
- 26:30So think about that for a second.
- 26:35She's willing to not talk about the actual source of funding for
- 26:42these terrorists that committed atrocities because she wants to
- 26:48kill the industry. Because she wants to protect her
- 26:51Moat. Is that really a politician?
- 26:56That's that's for the people, by the people.
- 26:59Or is that a politician for herself and by herself?
- 27:05Because that's what it looks like to me.
- 27:09She calls herself a so-called progressive.
- 27:11I don't know about you guys, but Bitcoin is the most equitable
- 27:15equal money the world has ever seen.
- 27:19Doesn't care where you're from, where your skin color is.
- 27:22Anybody could download a Bitcoin wallet.
- 27:25Even in the most repressive countries like Afghanistan,
- 27:29where women were barred from having bank accounts, you know
- 27:33what they could do? Download a Bitcoin wallet.
- 27:37What about in communistic regimes like Cuba?
- 27:41You know what they could do? Download a Bitcoin wallet.
- 27:49If Elizabeth Warren is for the little guy, what she's pushing
- 27:54is for Fiat currency. And Fiat currency
- 28:00disproportionately affects the little guy the most because the
- 28:06lower middle classes do not have the means to save in assets, so
- 28:10they save in cash and every time the government prints money.
- 28:16It's a wealth redistribution mechanism from the lower and
- 28:18middle classes back to the very wealthy and back to the
- 28:23government. So Elizabeth Warren, you call
- 28:26yourself a progressive, but it looks like what you're really
- 28:28doing is supporting the wealthy elite that benefit from all the
- 28:32money printing, that benefit from all the inflation.
- 28:36Elizabeth Warren, my opinion is that you're a fraud.
- 28:41That's what I got to say about that.
- 28:43This is kind of this is messed up, this is messed up.
- 28:45And the fact that you're doubling down using lies and
- 28:48misrepresentations is not cool. We've put all the source
- 28:53material here. Of course, that is my opinion
- 28:57doesn't represent simply Bitcoin, but at what point can
- 29:01you not say she's not being sincere, she's not telling the
- 29:05truth? Clearly it has been exposed
- 29:09without a doubt. And Senator Cynthia Lummus.
- 29:14Graphic perfectly represents this that crypto assets only
- 29:20account for less than 1% of global illicit finance.
- 29:28Absolutely ridiculous. Now this calls into question the
- 29:32legitimate, the legitimacy of all the proposals, whether it's
- 29:36the FIN CEN proposal that would essentially.
- 29:42Demonize single use addresses Here's a Quote this Creating and
- 29:47and using single use wallets, addresses or accounts.
- 29:51Sending CVC through these wallets, addresses or accounts
- 29:55in a series of transactions. Quote This method involves the
- 29:58use of single wallets, addresses, or accounts,
- 30:00colloquially known as a Peel chain, in a series of unnatural
- 30:04transactions that have the purpose or effect of obfuscating
- 30:08the source and destination of funds.
- 30:11By volumetrically increasing the number of involved transactions.
- 30:14Here's the thing, that's how Bitcoin wallets work by default.
- 30:18And now that she's said the quiet part out loud, is it
- 30:23really about obfuscating? Now that we know the actual
- 30:27numbers, is it really about obfuscating?
- 30:29Do they really care about obfuscation?
- 30:32Or is it really about making it hard for individuals to take
- 30:36self custody because the regulations are so burden
- 30:38burdensome? Now let's move on to her
- 30:41bipartisan bill that she has in the Senate.
- 30:45Also calls into questions the real motives.
- 30:48And this bill is absolutely crazy.
- 30:50Extend the bank secrecy. These are some of the passages.
- 30:54Some of the proposals from the from the bill, which is called
- 30:57the Digital Asset Anti Money Laundering Act, Extend Bank
- 31:01Secrecy Act responsibilities, including KYC.
- 31:05KYC requirements to digital asset wallet providers, miners,
- 31:09validators, and other network participants that may act to
- 31:12validate, secure, or facilitate digital asset transaction.
- 31:17I don't know if miners can KYCI don't know if nodes can KYC.
- 31:22She's also proposing that software wallets and hardware
- 31:25wallets implement a KYC. Is that even feasible?
- 31:30I don't think so. I don't think the purpose of
- 31:33this bill. Is to address the Anti Money
- 31:38Laundering Act. Now that she's been exposed
- 31:41misrepresenting data, this calls into question what is the real
- 31:47purpose of this bill. It goes on to say address a
- 31:51major gap with respect to unhosted wallets.
- 31:54There it is again, which allow individuals to bypass AML and
- 31:58sanctions checks by directing FIN CEN.
- 32:01FinCEN which was, which is the, you know, the the institution
- 32:05that that that proposed the FinCEN proposals, right.
- 32:10It's kind of all ties together to finalize and implement its
- 32:13December 2020 proposed rule, which would require banks and
- 32:17money service businesses to verify customer and counterparty
- 32:21identities, keep records and file reports in relation to
- 32:24certain digital asset transactions involving unhosted
- 32:28wallets. Or wallets hosted in a non BSA
- 32:31compliant jurisdictions. So all of this stuff, whether
- 32:36it's her build a digital asset anti money laundering Act,
- 32:40whether it's her taking advantage of an absolute tragedy
- 32:43happening in Palestine and Israel which led to the proposed
- 32:48regulations by FinCEN, I think none of it was sincere.
- 32:52I think none of it was based on truth.
- 32:57I think all of it had to do with the fact that she does not want
- 33:02the separation of money in state.
- 33:04She wants to maintain the privilege of benefiting from
- 33:08being able to create money for free that the rest of us has to
- 33:13work for. Caught in 4K.
- 33:17And I love the fact that Bitcoin it's like one of the one of its
- 33:21best features, unknown features. Is that Bitcoin eventually
- 33:26exposes all incentives. And here is Elizabeth Warren
- 33:30exposed in 4K, Is there a high resolution than 4K exposed in 8K
- 33:37for the world to see? That is what she really wanted
- 33:40all along. It was never about money
- 33:43laundering. It was never about the things
- 33:46that she's proposed. And like the the gentleman's
- 33:50tweet that we pointed out, it's actually hurting.
- 33:54EU s s ability to actually go after the real culprits because
- 34:00so much time and resources is being spent on going after
- 34:06crypto that, according to Senator Cynthia Lummis's graph,
- 34:11only accounts for .69% of global illicit finance while the legacy
- 34:20financial system. That accounts for more than 99%.
- 34:24So why don't we focus on that? Elizabeth Warren, what is going
- 34:27on? What are your motivations here?
- 34:32I think it's obvious by now at this point.
- 34:34Anyways, Opti, that's my take. What are your thoughts on all
- 34:37this? Oh man, You know, first my, of
- 34:43course I got a troll here. First, I I saw this tweet.
- 34:48It's a meme, of course. I I've been bringing it up for a
- 34:51while here on the show, shouts out to everyone on the YouTube
- 34:55chat that sees us. It's saying that I I wish
- 34:58Congress would wear jackets like NASCAR drivers so we know who
- 35:02bought them and who they work for.
- 35:04I think it's becoming very obvious that Elizabeth Warren is
- 35:07not here for the little guy and I I want to highlight a few.
- 35:11A few comments in the chat first first one by XX, this is I think
- 35:16a pretty good insight. She goes or he goes, she is
- 35:19angling for banks only custody of BTC.
- 35:21Just watch. So we got some predictions in
- 35:23the chat that I think that's a good good take as well.
- 35:27And Nico, you know why you were ranting?
- 35:31I just kept thinking of the meme.
- 35:33Facts don't matter. It doesn't matter to them about
- 35:37the facts. It's more about what they can
- 35:39get away with. And again, we always reference
- 35:41Naibu Kayleigh's article from Bitcoin Magazine.
- 35:44It's Don't drink the elite's kool-aid.
- 35:46If they can manipulate the truth, 'cause they have that
- 35:49monopoly on truth, they will continue to spew and gaslight
- 35:52all of this nonsense out there as long as people will eat it
- 35:56and regurgitate it and believe that they actually have their
- 36:00best interests and minds. And while you were going and and
- 36:04the clip was playing, all I could really think about was the
- 36:08framing that Elizabeth Warren was using.
- 36:10It's just like it's such. It's just a huge wow.
- 36:13And it really goes into a theme that I talk about here all the
- 36:17time on the show, about just the computer illiterates out there
- 36:21that are here to protect us from ourselves.
- 36:24And it's absolutely incredible. Either, again, being generous
- 36:29here, I try to be as generous as possible here so that people
- 36:32don't think I'm just an extremist.
- 36:34She and her colleagues, her ilk at, you know, the banks and the
- 36:40politicians and bureaucrats, just don't understand how
- 36:43Bitcoin works at all. And they're just spewing and
- 36:46ringing and being afraid of technology.
- 36:50Or, you know, again, not not being not so generous.
- 36:53This is absolute blatant framing to gaslight people into
- 36:57believing that taking custody of your Bitcoin is illegal.
- 37:02Like, since when is holding your own money illegal?
- 37:04Since when is running software illegal?
- 37:07These are things that are very clear cut in America.
- 37:10You can do both. And on that next point, Nika
- 37:14brought up the Second Amendment. Again, this is a peaceful
- 37:16revolution, but we do. Most of us live in America, and
- 37:20you have the right to protect yourself.
- 37:22So shouts out to take the right, he goes.
- 37:23Second Amendment protects the right of every person to defend
- 37:26themselves and their property from all enemies, foreign and
- 37:29domestic. Bitcoin is property, of course.
- 37:32We are not calling for violence or anything.
- 37:35This is more an acknowledgement that what they're doing is
- 37:39absolute late in theft here and the fact that they're trying to
- 37:43gaslight us and and make this seem like, oh, we're the
- 37:46criminals here. Again, I I troll this all the
- 37:48time, but how many bad different names have we been called in the
- 37:53last couple of years coming out from corporate press?
- 37:57They call U.S. financial illiterates, they call U.S.
- 37:59financial terrorists. They're soon to call US domestic
- 38:02terrorists when all we really want to do is hold up money that
- 38:05you guys can't steal from us. Like this is the fundamental
- 38:09underlying issue. We have called your bluff.
- 38:13You can't steal from us anymore. And now you're going out in
- 38:16Congress and and creating all this nonsense to justify your
- 38:20theft. It's absolutely disgusting.
- 38:23Like, what the fuck? And it really makes me want to,
- 38:30Again, I I don't want to seem like we're just like whining and
- 38:32complaining here, but it's more about holding up a mirror and
- 38:36and showing to the world that these politicians are not in
- 38:40positions to hold up their oath of the Constitution.
- 38:44It is not a government of the people, by the people, for the
- 38:47people. They are literally bought and
- 38:49paid for. This is a constitutional issue
- 38:53here. This is a First Amendment right.
- 38:55We've had these conversations in the cypherpunk wars.
- 38:59Bitcoin is just software. Yes, we know that It is a Ledger
- 39:03and it takes away your power of money printing.
- 39:05And it's absolutely terrifying for the Lizzie Warren's and the
- 39:09Chrissy Lagarde's of the world. But the politicians, the
- 39:12bureaucrats and the central bankers like your time is up.
- 39:16And this is them coping with that reality that oh wait, they
- 39:23have a technology. They have a tool that secures
- 39:26their freedom. We cannot allow this to happen.
- 39:30And this is the first inning of the then they fight you stages
- 39:33guys like we've been covering it all year long, slowly but
- 39:37surely. You know, maybe it took Nico a
- 39:39little longer than me to realize that they are coming after us
- 39:44and they want to stop custodying of Bitcoin.
- 39:47And and I'm, I'm kind of doubling down.
- 39:49Steven Lebka said it a couple weeks ago and I brought it up
- 39:52using the term self custody in your Bitcoin.
- 39:54It's it's like it's just it's so much jargon and and and it's
- 39:58like it's Bitcoin, it's bitcoiners projecting our you
- 40:01know, our memes onto the world. All it is is taking control of
- 40:04your money custody in your Bitcoin.
- 40:06This is the way guys this is what stops them in their tracks,
- 40:11eliminating the third parties. You do not need them in the
- 40:13middle. You do not need the money middle
- 40:15men anymore because we have Bitcoin, a peer-to-peer
- 40:19electronic cash system that eliminates the third.
- 40:21Parties Amen. I also want to give a shout.
- 40:23I want to give a shout out to our sponsor, Bitcoin 2024.
- 40:26It's going to be the largest Bitcoin conference on planet
- 40:29Earth you don't want to miss. It's going to be in Nashville,
- 40:31TN July 25th through the 24th. Opti and I are going to be here,
- 40:36be there. It's going to be Bitcoin 2024,
- 40:38the year of the halving. For Aga ticket, you can get it
- 40:40for three, for 349. For an industry pass, you can
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- 40:56give you access to the industry day, day one, you can get it for
- 41:00849 and for Aga 349. You can use promo code simply to
- 41:04get a bigger discount on the already discounted rate.
- 41:08All right everybody, let's hit the news.
- 41:11We got a lot to talk about today.
- 41:12Let's check it out. The Daily News I want to give a
- 41:19shout out to our sponsor, Foundation Devices.
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- 42:15All right everybody, I made it super easy for you guys.
- 42:18Speaking of self custody, this is the self custody episode.
- 42:22I made it super easy for you guys.
- 42:23Scan the QR code on your screen. It will take you directly to the
- 42:28Foundation Devices website, where you can get yourself a
- 42:31Passport hardware wallet. Opti's showing it off as well.
- 42:34We both got one Not your keys, not your Bitcoin.
- 42:39So get yourself a hardware wallet.
- 42:41Look at what's going on in the sidelines.
- 42:43Pay attention, everybody. All right, everybody, let's jump
- 42:46into the news. We got a lot to talk about
- 42:49today. The UK publishes final proposals
- 42:52for crypto stable coin regulation.
- 42:55So again, you know, sometimes we cover, we emphasize the United
- 42:59States a lot because that's where we're from.
- 43:01But in the UK it seems like it seems like you know there man,
- 43:11Let's just get to the article and then we'll come to some
- 43:14conclusions. The UK government published its
- 43:17final rules for the crypto ecosystem, saying it plans phase
- 43:20introduction of regulation, with legislation for Fiat backed
- 43:23stable coins being introduced next year.
- 43:26Other crypto areas, such as algorithmic stable coins, will
- 43:28follow as the government brings activities like lending and
- 43:31trending into the fold of conventional financial
- 43:34regulation. These rules will bring relevant
- 43:37activities under the purview of the Financial Conduct Authority.
- 43:40The plans are in line with an April 2022 policy set out by
- 43:44Rishi Sunak, the finance minister and now Prime Minister,
- 43:48to make the UK a crypto asset hub and are likely to be
- 43:52welcomed by an industry that has complained the government has
- 43:55been dragged has has been dragging its feet.
- 43:58In a statement accompanying the document, Treasury Minister
- 44:01Andrew Griffith said he was, quote, very pleased to present
- 44:05these final proposals for crypto asset regulation in the UK.
- 44:08The finalized framework would mean quote, the UK is the
- 44:11obvious choice for starting and scaling crypto asset businesses.
- 44:15The Treasury, the government's finance arm, published A crypto
- 44:18consultation in February and the consultation closed in April.
- 44:22Parliament passed the Financial Services and Markets Act in Act
- 44:262023 in June, enabling crypto to be treated like a regular
- 44:30activity. The government has already set
- 44:32out that it wants to bring crypto within the fold of the
- 44:34traditional financial system, but Griffith has now modified
- 44:37some of his proposals, clarifying the treatment of
- 44:40crypto assets it already considers traditional financial
- 44:43instruments as well as well as NFTS.
- 44:46The proposed regime regimen does not intend to capture activities
- 44:51relating to crypto assets, which are specific investments that
- 44:54are already regulated. It goes on to say it talks more
- 44:58about NFTS, which I'm not really interested in.
- 45:01The FCA will soon consult an unauthorized regime for crypto
- 45:05companies, the document said, and the government also plans on
- 45:10formulating equivalent measures for overseas firms.
- 45:14The government also said it does not intend to ban decentralized
- 45:17finance, pointing out to its premature pointing out its
- 45:21premature to regulate that aspect of the industry.
- 45:24Further documents published by the government set out that
- 45:27issuance or custody of stable coins backed by Fiat currency
- 45:31will be regulated under existing 2001 rules designed for
- 45:35financial services, with further rules to ensure that any digital
- 45:39payment system can safely fail without bringing down the
- 45:42financial system. The central bank first launched
- 45:44its consultation on a regimen for systemic stable coins in
- 45:49May. The government's plans have not
- 45:52been without controversy. Lawmakers in the House of
- 45:55Commons Treasury Committee have previously arguing argued that
- 45:58regulating the likes of Bitcoin and ether on the lines of
- 46:02conventional financial services could lull users into a false
- 46:07sense of security. And the government has
- 46:09previously rejected calls to treat crypto like gambling.
- 46:14It goes on to say The crypto industry, meanwhile, has
- 46:17complained of delays and poor feedback from the FCA, while
- 46:21recently introduced rules restricting crypto promotions
- 46:24have led some well known firms to cut UK services altogether.
- 46:29OK, so a couple things here. You're like, OK, this is good
- 46:31regulation, this is good, you know, they're they're
- 46:34incorporating into traditional financial system.
- 46:37But what I want you guys to focus on is the Fiat backed
- 46:41stable coins. Now there was a there was a
- 46:45report called The Future of Money in Payments released by
- 46:50the US Treasury late 2022. In the eyes of the US Treasury,
- 46:55the current administration, they see the future of money in
- 46:59payments as stable coins, payment platforms like PayPal
- 47:04and cash app and CBDCS. Why?
- 47:09Well, let's kind of go back to what Elizabeth Warren was saying
- 47:11about self custody, right? Because stable coins are
- 47:17centralized, they will inevitably be Co opted by
- 47:23government, they will be targeted by governments.
- 47:29And stable coins are actually more more adopted than Bitcoin
- 47:37in developing countries because they provide a false sense of
- 47:41financial stability and also a false sense of financial
- 47:44sovereignty, right. So you have to see it for what
- 47:50it is. It's like, yeah, OK,
- 47:52incorporating the traditional financial system, but they're
- 47:55also talking about stable coins. Why are they talking about
- 47:59stable coins? Because they Co opt them.
- 48:02And remember that stable coins, whether you like it or not, play
- 48:05a huge role in the Bitcoin ecosystem.
- 48:09And I think eventually what they would like, right, is to control
- 48:14those stable coins, those stable coins get issued by government
- 48:17themselves. Because that then that would
- 48:22mean that all those people that have adopted stable coins in
- 48:25developing countries like Venezuela, like Argentina, like
- 48:28Turkey to save themselves from inflation.
- 48:31All of a sudden governments like the UK, governments like the US
- 48:36have control of those people have censorship controls.
- 48:41You know inflation is already there.
- 48:43You know, because they're stable coins or you know they're
- 48:45tethered to you got currencies. So you got to sometimes if you
- 48:52just read the article by itself and you don't connect the dots
- 48:57it doesn't tell you the full picture.
- 48:59The noise here is the UK finalizes proposal for crypto
- 49:02regulation. The signal is stablecoin
- 49:07regulation, and I'm calling it right now.
- 49:10That is what they will go after next and I think they'll be a
- 49:13lot more successful because of stablecoin centralization.
- 49:18Anyways, Opti, that's my take. What's your take?
- 49:21Yeah. Well, I just want to highlight
- 49:24one portion of that article and I, I wrote it down as a note
- 49:29over here. It says we're back to Bitcoin,
- 49:30we'll destabilize the Fiat system.
- 49:32Now you absolutely love to see it.
- 49:33I I love when they blame their failings onto us as bitcoiners,
- 49:37when we have literally created a better parallel monetary system
- 49:42that isn't the same thing, that doesn't have the same issues.
- 49:46And I I always love when they use that framing that.
- 49:50They need to regulate Bitcoin or crypto because it may
- 49:55destabilize the financial system.
- 49:57It's like guys that's happening with or without us.
- 50:00This is the reason why we have Bitcoin in the 1st place and
- 50:03then the next one is of course SAT's are my stable coin.
- 50:06Bitcoin is the true stable coin. It is not that Bitcoin is
- 50:10volatile, it is that Fiat currencies in relation to
- 50:12Bitcoin are the real volatile currencies here.
- 50:16And once you get on Bitcoin. Your life becomes so much
- 50:20easier. Bitcoin is the stable coin of
- 50:23the digital world and I'm I I don't really like stable coins.
- 50:27But I understand that this is a monetary progression and most
- 50:31people are still just so inundated with the Fiat world
- 50:34and they still believe that $1.00 equals $1.00 or you know,
- 50:38whatever. One peso equals one peso, even
- 50:40though most people know that exchange rates and inflation
- 50:44change that in real time. But.
- 50:46People will inevitably leave the Fiat currencies, probably go to
- 50:49a stable coin just 'cause there's something they're used
- 50:51to, and then eventually they'll end up in Bitcoin.
- 50:54So this is just part of the progression.
- 50:55We we always cover this on the show, but while you were going
- 50:59and in in the context of this article, it kind of made me
- 51:03think of are CBDC stable coins or will CBD or will stable coins
- 51:08become CBD CS because it's making it very much seem like.
- 51:13They are just trying to transfer cash into a digital dollar so
- 51:18that they can continue to control you.
- 51:20Again, CBD, CS stand for central bank digital control mechanisms,
- 51:25not currencies. And I don't know.
- 51:28I'm not. I'm not here to continue to
- 51:30perpetuate the Fiat dollar as a stable coin.
- 51:33But I understand why people first step into stable coins.
- 51:37And again, I say it all the time.
- 51:40You can't ban Bitcoin. You can only ban yourself from
- 51:42Bitcoin. So I really love that we
- 51:45constantly get this thrown out at us, that the very people that
- 51:51are that we're here protecting ourselves from are going to
- 51:54protect us from ourselves. So I, you know, it's just
- 51:59amazing that this is where we are, that people still believe
- 52:02this stuff. Guys, it's simple.
- 52:04Saving Bitcoin, you need to save in something.
- 52:06Can't save in paper currencies. You probably don't have enough
- 52:10money to buy other hard assets. And if you did, you still
- 52:13probably want some Bitcoin. You need to save in something.
- 52:16Take Bitcoin into self custody, or rather into custody.
- 52:20Don't leave it on. Exchange it.
- 52:21It's super simple guys. All this is noise.
- 52:23I, I, I I hate to just troll the whole time, but you know,
- 52:27boomers writing things on paper and expecting it to affect
- 52:30Bitcoin, it's just incredible. Just love to see it.
- 52:32I don't know. I I guess I'm trolling today
- 52:36100%. I also want to give a shout out
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- 53:29Let's Get to the culture. We have a lot to talk about
- 53:32today. Let's check it out.
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- 54:03All right guys, so I'm dropping this link in the chat.
- 54:07Our boy Alex from Kaboom Racks wrote an excellent article and I
- 54:11dropped it this morning. Go check this out.
- 54:13simplybitcoin.substack.com. It's called manufactured
- 54:16Psychopathy. How to demand peace in a World
- 54:19of War. And I'm not gonna read the whole
- 54:21thing, but as I released this this morning, I saw.
- 54:25TFTC newsletter that dropped and it was on the same vein.
- 54:29So I'm gonna kind of combine them today because it's really
- 54:33an empowering message. So again, I'm not gonna read the
- 54:36whole article. I'm not gonna read the whole
- 54:38TFTC newsletter. I just picked points of it so
- 54:41that we can kind of have this conversation.
- 54:44And I realized that this was the perfect bit considering what
- 54:47we're covering in the numbers and the news today.
- 54:49So again, this is an article on our sub stack manufactured
- 54:52psychopathy How to demand Peace in a world at war.
- 54:55We even got you some theme songs here.
- 54:57It's classic Bob Dylan masters of war song.
- 55:00I know people don't like Bob Dylan.
- 55:01I absolutely love Bob Dylan. Anyways we start this article
- 55:04with here's some theme songs and it's a quote from it you that
- 55:07never done nothing but build to destroy.
- 55:09You play with my world like it's your little toy.
- 55:12How much more fitting could that be then on today's show?
- 55:15Anyways, I highlight some parts of this article so we can get
- 55:18this conversation going, and I think this is just summing up
- 55:21the zeitgeist of what? Even all of us, people,
- 55:24bitcoiners, and everyone on the earth are feeling right now in
- 55:27this current moment, especially in America.
- 55:29And so again, read the whole thing for yourself.
- 55:31I think it's a great read, but I'm going to highlight some
- 55:33parts. It goes Every morning I wake up
- 55:35with a sinking feeling in my stomach.
- 55:36Individuals calling for peace are a minority right now, or the
- 55:40tightly controlled information apparatus has made it look like
- 55:43we're a minority. It's an effective demoralization
- 55:46technique to make sane and rational people feel isolated
- 55:49and alone. They want us to feel like
- 55:51there's absolutely nothing that we can do.
- 55:53And the only option is infinite military spending and
- 55:55destruction of civilian population.
- 55:58If you are against war and money printing, you are a true
- 56:01dissident, and there soon may be repercussions for this.
- 56:05If you have been somewhat awake for the last few years, it's
- 56:07been pretty clear how tightly information is controlled.
- 56:11So how do we operate in a world like this without falling into
- 56:15despair? The scale of devastation would
- 56:18not be possible without money printing.
- 56:20Without the money printer, Western governments would not be
- 56:23able to afford all the aid they have given to prolong war.
- 56:26If governments were funded solely through coercion and not
- 56:29through the basing currencies, it would be incredibly expensive
- 56:32for them to fund their bloodthirsty endeavors.
- 56:35Inflation is covert, whereas actual taxation is right in
- 56:39people's faces. For them to escalate to a point
- 56:42of war, the ruling class would have to justify increased taxes
- 56:45to the peasants. US peasants would be a lot less
- 56:48excited to support war if they could see the direct cost in
- 56:52order to fund the war. They would be a lot less likely
- 56:54to support the actions which have led to my former payments.
- 56:57This is part of the story. And this is a hope that Bitcoin
- 57:00offer us. We have a currency that is so
- 57:03superior to Fiat currencies that it will win in competition.
- 57:07Despite disruptive measures taken by the Fiat psychopaths.
- 57:10When you save in and self custody Bitcoin, it is directly
- 57:14defunding the war machine. As World War 3 continues to
- 57:17escalate, individuals interacting with Bitcoin have an
- 57:20opportunity to significantly shorten the war by making it
- 57:24financially untenable to fund. Finding people to stick by you
- 57:28in tough times is becoming more important than ever.
- 57:30Being able to transact peer-to-peer, to avoid
- 57:32inevitable shortages will be more important than ever.
- 57:35Talking with people face to face in order to keep your sanity
- 57:38will be more important than ever and you will be tempted with
- 57:41despair. But just because you are tempted
- 57:43does not mean you have to submit to it.
- 57:45There are sane people out there. The unfortunate reality we face
- 57:49is that going against the grain of the war machine is difficult
- 57:52and dangerous and moving forward is probably going to get more
- 57:55difficult and. Dangerous, but there is hope.
- 57:58Totalitarians never win long term because totalitarianism is
- 58:02completely unnatural. Humans are meant to live free of
- 58:05the constraints of rulers, and society functions the most
- 58:08efficient when markets are free. Bitcoin helps individuals break
- 58:12out of these constraints because it is not controlled by them.
- 58:15A currency with a firm set, monetary policy and the ability
- 58:18to transfer enormous sums of wealth without permission
- 58:21completely destroys the tyrant's control, the tyrant's artificial
- 58:25paradigm. They have created as crumbling
- 58:27as people are more terrified of the destruction of inflation
- 58:31then they are about every other thing they are talking about.
- 58:34They are looking for an escape from the madness and will come
- 58:36to Bitcoin when they are ready to stop being abused.
- 58:40If you're reading this, you are already way ahead of the masses
- 58:43and will be better positioned to navigate the challenging times
- 58:46ahead because the tyrants are weak.
- 58:48It's not a time for tolerance, but a time for intolerance.
- 58:51Their actions are immoral and not justified, and it's
- 58:53important that we react that way.
- 58:56Again, read the whole article. And on that same note, Marty
- 58:59Bent dropped a excellent article and I, I, I when I first saw
- 59:03this, I want to say man, maybe he's listening to Opti, but no
- 59:06longer is it just me listening to Marty.
- 59:08He dropped this article on its title, Believe in yourself.
- 59:11The way to begin riding the wave of light is to adopt A winner's
- 59:14mentality, and he's been tweeting a lot about the meme.
- 59:17We're going. To win, we are winning.
- 59:20We continuously win Bitcoins. Incentives continuously win.
- 59:23We are winning anyways. I'm going to read some of this.
- 59:29There's no getting around. It freaks.
- 59:30If you look at the world through a particular lens again, angle
- 59:34this with what Alex wrote. They're saying the same thing,
- 59:37guys. It is impossible to ignore the
- 59:39signs of cultural, economic, and political rot that are seemingly
- 59:42all consuming in today's day and age.
- 59:44The 21st century has been marred by endless wars.
- 59:46Economic stress. And a tearing of the social
- 59:49fabric that have worked together to push the common man to the
- 59:52edge. It is impossible to ignore the
- 59:54darkness in the world at times, and the inability to ignore
- 59:57leads to hopelessness. This feeling of hopelessness
- 59:59derived from the misconception that you are helpless.
- 1:00:03Nothing could be further from the truth.
- 1:00:05You are certainly helpless if you believe that the solutions
- 1:00:07to the chaos you witnessed from the particular lens you are
- 1:00:10looking through will come from a government or the goodwill of
- 1:00:12society. No one is coming to save you.
- 1:00:15However, you can save yourself. In fact, the only way to turn
- 1:00:18the deep feelings of helplessness into positive
- 1:00:21action is to believe that you yourself can effectuate change
- 1:00:24in your own lives. The tools to make your world a
- 1:00:27better place are at your fingertips.
- 1:00:29All you have to do is use them. And if a critical mass of people
- 1:00:32make the conscious decision to take advantage of the tools at
- 1:00:35their fingertips, they can make the world a better place.
- 1:00:38Again, guys, go read the whole article.
- 1:00:40I'm not going to read the whole thing, but as you can tell,
- 1:00:43we're saying the same thing. We're all hitting on the same
- 1:00:46drum. And just to sum this up, as
- 1:00:49Marty wrote, the goal of this particular letter is to help you
- 1:00:52come to the realization that you have agency and the ability to
- 1:00:56control your own destiny. The fact of the matter is, is
- 1:00:59that most people have decided for some reason or another to
- 1:01:02hand their fate to these old, lame, and insane people who are
- 1:01:05driven by darkness. This is befuddling when you
- 1:01:08consider the fact that there are so many tools that exist today
- 1:01:11that enable you to ride the light, Bitcoin being just one of
- 1:01:14them. At the end of the day, you can
- 1:01:16either continue to allow yourself to be absolutely
- 1:01:18dominated by those riding the wave of darkness, those who have
- 1:01:21convinced you that they have control over you, or you can
- 1:01:24take matters into your own hand and hop on the wave of riding
- 1:01:28the light. The way to begin riding the wave
- 1:01:29of light is to adopt A winner's mentality.
- 1:01:32This rag was inspired by a common trope trouted out by
- 1:01:35Bitcoin critics and even some hardcore bitcoiners that winning
- 1:01:38isn't inevitable. The state in the entrenched
- 1:01:40interest around it can squash us like a bug.
- 1:01:43In my mind, this is a loser's mindset.
- 1:01:45You can't beat the darkness unless you believe you can
- 1:01:47defeat the darkness. You must have confidence in
- 1:01:50yourself. You must believe in yourself.
- 1:01:52And you must believe that you are not the only one who
- 1:01:54recognizes these things and has these feelings.
- 1:01:57There are millions of other people out there in the world
- 1:01:59who understand these things in the way that you do.
- 1:02:01They are instinctual. We're going to win, isn't some
- 1:02:04cocking saying that assumes inevitability.
- 1:02:07It is the embodiment of the belief in oneself and the power
- 1:02:10one has to change the world. All it takes is a decision to
- 1:02:13act. A decision to let the old, lame,
- 1:02:16insane people driven by darkness who currently run the world know
- 1:02:19that you're not taking their shit anymore.
- 1:02:22You're taking what's yours? Absolute bars guys.
- 1:02:27And you know what I like to do here?
- 1:02:30I like to not only inspire you, give you guys confidence, you
- 1:02:33know, give you guys the best practices and and hopefully
- 1:02:36spread the message, but just to remind you guys there's more of
- 1:02:40us out there. There's more people waking up
- 1:02:42every single day. The more they push for
- 1:02:44tyrannical dystopian future, the more people wake up and realize
- 1:02:48something is wrong. Adopt the winner's mentality
- 1:02:51that we are going to win, that we are winning, that you can
- 1:02:55change not only your future but the full trajectory of the
- 1:02:59world. And it really starts by fixing
- 1:03:01the money. You can fix the world.
- 1:03:04Lace up your boot steps. You know get bootstrap yourself
- 1:03:07into a a better world. If you are only focusing on the
- 1:03:10negative then you are a part of the problem.
- 1:03:15I hate to say it. Focus on the positives.
- 1:03:17Things are getting better. Things will get better.
- 1:03:19Because we are stacking and we're winning.
- 1:03:22We're winning. Look, that video by Elizabeth
- 1:03:26Warren, the video by Christine Lagarde, all the actions by the
- 1:03:31most vocal detractors of Bitcoin, whether it's the IMF
- 1:03:34tells you. That they are scared.
- 1:03:37They're worried, right? Because Bitcoin, ultimately what
- 1:03:42it is, it's a forcing function. They can't they, they're not.
- 1:03:46They're not able to get rid of it the way that they've been
- 1:03:50able to get rid of any competition.
- 1:03:52Look at what they did to Facebook's cryptocurrency Libra,
- 1:03:56right? They got rid of it because of
- 1:03:58centralization. They can't get rid of Bitcoin.
- 1:04:01So they're forced to compete with Bitcoin, and that's why
- 1:04:04they're terrified. Because they know in a fair
- 1:04:07competition, people are just gonna pick the better money,
- 1:04:11right? So anyways, yeah, you know what
- 1:04:14Opti said. You know, fasten up a little St.
- 1:04:18Opti. It's gonna be a it's gonna be a
- 1:04:20great ride and and yeah, anyways, ladies and gents, I
- 1:04:26will be traveling Thursday and Friday, so opti's gonna be
- 1:04:31holding it down with Ruston. It's gonna be some great shows.
- 1:04:34I do have to run. I got some stuff to take care
- 1:04:37of. I'll be back on Monday, guys.
- 1:04:39Opti, hold it down. Make me proud, bro.
- 1:04:42Peace dog burning in house. This is fine.
- 1:04:45This is fine. Do not see that manifest
- 1:04:48manifest greatness. I'm just trolling you.
- 1:04:50I'm just trolling you. I'm just trolling you.
- 1:04:52I know it makes you nervous. Anyways, guys, let's.
- 1:04:54Get into the Meme review The Daily Meme Review.
- 1:05:04All right guys, Boys and girls. Girls and boys.
- 1:05:09Yes Nico, I will hold it down. Peace out bro.
- 1:05:11Have a safe trip. Anyways guys, this is the meme
- 1:05:14review where you tag me and memes on Twitter at simply
- 1:05:17Bitcoin TV. Even tag my personal account
- 1:05:21right now. Until further notice, you can
- 1:05:23tag my personal account at Optimus Fields.
- 1:05:26But really, just drop the tweets.
- 1:05:28In our Telegram group. We have thousands of people that
- 1:05:31hang out in there every single day.
- 1:05:32It's a party. There's lively conversations.
- 1:05:34But drop the tweets in there, Guys, not just the don't just
- 1:05:37steal the meme. Give give the person the credit
- 1:05:39so I can bring them on the show. And everyone I I saw you guys
- 1:05:43this week saying I need to send some memes.
- 1:05:44Yes, send memes. We always need memes.
- 1:05:47I I can't even I I can't get all the good memes on the show.
- 1:05:50But I want to get your memes on the show, so send them to me in
- 1:05:54the Telegram. On Twitter.
- 1:05:55Tweets are the bullets. Memes are the artillery.
- 1:05:57As you can tell, there's still a lot of people getting gas lit
- 1:06:00out there. There's still a lot of people
- 1:06:03that don't know what they don't know.
- 1:06:05They don't know that Bitcoin is the solution.
- 1:06:08They might not even know the problem.
- 1:06:09This is where we are guys. So continue to beat the drum,
- 1:06:13continue to ridicule the corporate press, continue to
- 1:06:15make the funnies so your friends head stay in the game.
- 1:06:19It's really a game of attrition. It's a marathon, not a Sprint.
- 1:06:23So we are in this for a long run.
- 1:06:26I am convinced I'm probably going to be doing this for the
- 1:06:29rest of my life, or at least another decade or two.
- 1:06:31So get ready for the fight, boys and girls.
- 1:06:34It is coming. As you can see very clearly on
- 1:06:37today's show, it is at the gates.
- 1:06:39So continue to stack SAT's. Continue to stay solvent,
- 1:06:42Continue to take Bitcoin into custody, Continue to run nodes,
- 1:06:47continue to spread the signal. Anyways, guys, 1st meme is by my
- 1:06:53boy at Big Sean Harris. He's actually been throwing a
- 1:06:56lot of memes lately. You're dropping too many memes,
- 1:07:00Big Sean Harris. Spread them out so I can get
- 1:07:02them all on the show, bro. Anyways, 1st meme is by Big Sean
- 1:07:05Harris and it goes. It is what it is.
- 1:07:07And we got the SpongeBob guy here.
- 1:07:10He's the janitor, he's got his music on and he he's mopping up
- 1:07:15water at the bottom of the ocean floor and it's his caution wet
- 1:07:19floor. And he goes when your job is
- 1:07:20pointless but you still need to buy Bitcoin.
- 1:07:23And then our boy Bitcoin Cam is trolling him.
- 1:07:26His bro, you just started like last Wednesday, he says.
- 1:07:28I actually really love my job, but I got to make the means for
- 1:07:31those who don't. Guys, you need to sacrifice.
- 1:07:36You need to save in time. You will be able to put your
- 1:07:40capital, put your money where your mouth is.
- 1:07:43And if you're working a job right now, a Fiat job that you
- 1:07:46hate, well, in time I'm hoping and wishing that you build
- 1:07:50something of your own because this is the way providing value
- 1:07:55to your fellow man. You're not going to get rich
- 1:07:57working for some other guy anyways.
- 1:07:59Next meme, the BTC therapist. He goes, it's just math hashtag
- 1:08:02BTC. And there's a bunch of laugh.
- 1:08:04I don't know who this actor is. You guys can tell me in the chat
- 1:08:07and he's out laughing and he goes when someone says that
- 1:08:09Bitcoin can't go up forever, and then me just laughing with joy
- 1:08:13and Glee. Yes it can, because it is going
- 1:08:17up forever, Laura. It's almost like people do not
- 1:08:20understand digital scarcity, or rather scarcity in general.
- 1:08:23But hey, it's going up forever. Laura.
- 1:08:26Better get on the train. Boys and girls.
- 1:08:28Better get on the train now while you're still relatively
- 1:08:32early. Next one is by 21.
- 1:08:34JCLP shouts out to you bro. Dude, sailor keeps taking your
- 1:08:37memes. I love to see it bro.
- 1:08:38And he goes, make war unaffordable with Bitcoin,
- 1:08:41bitcoiners peace and fist and fight for the powers.
- 1:08:44And we got a this. I think it's AI of someone in a
- 1:08:48hoodie and a Guy Fawkes mass and it goes make war unaffordable,
- 1:08:52opt out saving Bitcoin literally defund them.
- 1:08:55If you do not believe in war. If you do not believe in
- 1:08:58violence and theft will stop using their money.
- 1:09:01That literally perpetuates violence and theft.
- 1:09:03It's it's very simple simple solution.
- 1:09:05OK, next one is by Darren Gleason, AKA at D Gleason 650
- 1:09:10and he goes, I make me and we got a classic classic template
- 1:09:14here. 300 template and it's zero season.
- 1:09:18It goes the government as zero seasons goes, I can offer you
- 1:09:20security. I require only that you kneel.
- 1:09:25And then we have wow, how am I blanking on his name right now?
- 1:09:29The 300 guy. The King Leonidas.
- 1:09:33King Leonidas as bitcoiners. It goes now see that's going to
- 1:09:37be a problem. I cannot kneel now that we have
- 1:09:40the tools to free ourselves. Sorry won't kiss the boot.
- 1:09:44It is what it is. We have chosen freedom sucks to
- 1:09:49be user sees. Anyways next meme is by Vivek
- 1:09:51for real under score and he goes why Bitcoin only.
- 1:09:54And it's just a few statements. You know Bitcoin has no founder.
- 1:09:57Bitcoin has no ruling foundation, Bitcoin has no pre
- 1:10:00mine, has no insiders, has no initial investors, has no
- 1:10:03office, has no website, has no paid executive team, has no
- 1:10:07marketing team, has no paid dev team, had no starting price, has
- 1:10:12no human controlling it, and is the fairest money on the earth.
- 1:10:16This is the way boys and girls. This is the way.
- 1:10:19This is why Bitcoin is so different to everything else.
- 1:10:22Anyways. Next one is by Plan Marcus AKA
- 1:10:24at Plan under score Marcus and goes in the SpongeBob spelling.
- 1:10:28I'm ready for the crypto bull run.
- 1:10:30A rising tide lifts all boats and it's clown shit emoji.
- 1:10:34And it goes when you buy crypto instead of Bitcoin and this guy
- 1:10:38has his cash mask upside down and completely not doing what
- 1:10:44it's supposed to be doing. This is what you're doing when
- 1:10:47you save quote UN quote save in crypto.
- 1:10:51It is Bitcoin, not crypto. This is the way anyways.
- 1:10:55Apparently there's a FOMC meeting right now.
- 1:10:57You know the Fed chair You know a small cabal of people are
- 1:11:01controlling the money supply as we speak and you know other
- 1:11:06Barry just just he's he's he's got a comment on it other Barry
- 1:11:10BTC goes it is inevitable hashtag Bitcoin and it looks
- 1:11:13like Jay Powell as a as a Pepe the frog.
- 1:11:16Though I was going to say at first when I saw this I thought
- 1:11:20it was Jay Powell as a lizard. But I'm realizing it's Pepe the
- 1:11:23frog and it goes money printer go Burr.
- 1:11:26It is inevitable they will continue to print money maybe
- 1:11:29not now maybe not next year but they have to keep printing to
- 1:11:36ensure the system anyways drop your meme review score in the
- 1:11:41chat as I cover mine live. Actually before I do that though
- 1:11:47before I give you my meme review score so that we can get a
- 1:11:50little bit of that delay catching up get yourself some
- 1:11:53simply Bitcoin merge Guys I'm wearing the simply Bitcoin
- 1:11:55hoodie. It is becoming my favorite
- 1:11:58hoodie. You can get yourself a shirt
- 1:12:00again we are going to do a giveaway guys.
- 1:12:03So I haven't figured out the full mechanisms to make this
- 1:12:07happen but we're going to give away a shirt maybe a few shirts
- 1:12:09a hoodie. We're going to give back to you
- 1:12:11guys. SO21K should be maybe next week
- 1:12:15I will start the raffling. I'll probably do it in the
- 1:12:18culture. I'll try to do it live so you
- 1:12:20guys know that I'm not. I'm not finessing anything out
- 1:12:23here, but we really appreciate you guys.
- 1:12:25Get yourself some merch. It really means a lot to us.
- 1:12:28We love and appreciate the support.
- 1:12:31We are doing our best to be as independent as possible and your
- 1:12:35guys's direct support means a lot to us.
- 1:12:38If we provide value to you guys, we appreciate it and you can
- 1:12:41rock some dope merch. We are in talks to get you guys
- 1:12:44hats. We will get you some female
- 1:12:46sizes, the female cuts. We are in talks with some
- 1:12:51Bitcoin artists right now to get you guys some limited edition
- 1:12:56merch. Anyways, my meme review score
- 1:12:58for today. I'm wondering.
- 1:13:01I'm wondering if I if I should drop this merch or this meme
- 1:13:05review score or should I do something nicer?
- 1:13:10No, I'm gonna do it. Some Cool Men Zins 3 Zen gang.
- 1:13:17What's up boys? Let's go.
- 1:13:19Oh wrong one. Hold on.
- 1:13:20I need some some horn for this one.
- 1:13:24Shout out to the Zoom gang out there.
- 1:13:26You know, eliminate the bug man within and and get some nicotine
- 1:13:30in yet. All right, guys, one SEC, One
- 1:13:34SEC. What'd I do?
- 1:13:35What'd I do? All right, drop your meme review
- 1:13:38in the chat. I will get to it live.
- 1:13:41In the meantime, let's get that music.
- 1:13:46All right, all right. One second, One second.
- 1:13:49I'm scrolling up. I am scrolling up.
- 1:13:51Let's see, Let's see. OK, you guys are still delayed
- 1:13:54on it. All right, all right.
- 1:13:55I see. OK, here we go.
- 1:13:57Tore up huddle egos Meme score recently ripped Big Sean Harris
- 1:14:04383 out of 500 BTC Trading card card.
- 1:14:09Nice. OK, well, I was wondering where
- 1:14:11that was going. OK, P Man Van, I give these
- 1:14:15memes one cut buck equals 2903 sats on our way to one SAT per
- 1:14:22dollar. Let's go.
- 1:14:23OK, Planet Earth meme score. If you are alive, you are
- 1:14:27winning. There is a global army at your
- 1:14:30sides. My brothers and sisters.
- 1:14:31None of the things stops this train.
- 1:14:34Let's go. That's the energy we need, boys.
- 1:14:37OK, next one is take the ride. I give the memes a sophisticated
- 1:14:4424 words. Yes.
- 1:14:45Yes. OK, let's go.
- 1:14:48Elaine Memes score Bighorn brings in a new politics of
- 1:14:52decentralized volunteerism ruled by natural law.
- 1:14:56Yes. Love it.
- 1:14:57OK Matthew J Memes review score 8 Bitcoin spot ETS dropping
- 1:15:02tomorrow. Yes, it is.
- 1:15:04OK, OK. TTC is true.
- 1:15:07Score Bitcoin only. No shit.
- 1:15:09Coins allowed. I'll give it one second.
- 1:15:12As I, I pull some names where where'd you go?
- 1:15:17OK. All right.
- 1:15:20So, like, hold on. I'm like, I'm like Santa Claus
- 1:15:26right now. All right, I'm, I'm writing your
- 1:15:31names down on a list and I am checking it twice because I'm,
- 1:15:38I'm going to, I I'm going to, I'm picking everyone's names in
- 1:15:41the chat that I know that I've seen hang out with us all year
- 1:15:45and I'm going to put it in a random name chooser generator so
- 1:15:50that I can give you guys a grand prize again.
- 1:15:54We have a grand prize. Go follow stamp seed.
- 1:15:56Follow our Twitter, subscribe to our YouTube, join our Telegram.
- 1:16:00And I I I don't know if I can combine them all, but maybe I'll
- 1:16:05choose one gift for our Telegram, one for our Twitter
- 1:16:09and one for our YouTube subscribers.
- 1:16:13But the main prize is going to you guys in the chat that been
- 1:16:17hanging out with us every single day.
- 1:16:18That ride with us every single day.
- 1:16:20We appreciate you guys. You guys are the real MVPS.
- 1:16:25We love you. Anyways guys, thank you.
- 1:16:29It is Wednesday. You appreciate what we do.
- 1:16:31You like what we're doing. Like share, subscribe, all that
- 1:16:35good stuff. Share Bitcoin signal.
- 1:16:37It is becoming more and more important to spread the Bitcoin
- 1:16:42signal. Don't spread shit coin.
- 1:16:43Signal. Don't even spread shit coin or
- 1:16:46signal. Even if they're right.
- 1:16:49Rip the content. No, don't do that.
- 1:16:52All right, guys. Anyways, we'll be back tomorrow.
- 1:16:54I will be holding down the rest of the week with Rustin.
- 1:16:57I do have a guest tomorrow. I think you guys are going to
- 1:16:59like this one. So appreciate you guys.
- 1:17:02Have a good rest of your day. As I always say on spaces.
- 1:17:06Get outside, get your body moving, eat some good food.
- 1:17:10Call your loved ones a fit body, fit mind, fit finances.
- 1:17:14This is how we usher in a better world.
- 1:17:17You are. The change is happening in real
- 1:17:20time anyways. Peace out guys, I will see you
- 1:17:24on the flip side tomorrow.