Latest / Simply Bitcoin / New Law Grants US President Power to Block Bitcoin | EP 1008

Transcript

New Law Grants US President Power to Block Bitcoin | EP 1008 · Simply Bitcoin

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  Episode was brought to you by bitcoinwell.com on a mission to
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  enable independence. It's all going to zero against
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  Bitcoin. It's going on forever world.
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  You're against Bitcoin, you're against freedom.
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  Yeah, yeah. Welcome to another episode of
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  some Bitcoin live. We're number one source for the
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  peaceful Bitcoin revolution covering use culture, matter,
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  warfare will be your guide through the separation of money
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  in state. Today is one of those episodes
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  where we talk about the separation of money in state.
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  Interesting. I mean, you know this is a
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  presidential election. Bitcoin is on the ballot in
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  November, right? Both, No, all presidential
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  candidates have made statements regarding regarding Bitcoin,
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  right? You have RFK junior Donald Trump
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  on one side saying that they would be pro Bitcoin, anti CBDC.
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  Of course, the Biden administration taking a anti
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  Bitcoin stance and a pro CBDC stance.
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  Now what's really interesting is that things are still happening
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  in the background. So this new article on coin
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  telegraphs is really interesting.
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  New law grants U.S. President power to block digital
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  asset access shouldn't come as a surprise to anybody.
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  They have been attacking the industry.
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  They have been attacking the very idea of self custody.
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  But in these types of moments, it's important to zoom out and
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  understand fundamentally what's going on.
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  And it's very simple. This is the separation of money
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  in state said in the show. It's part of like one of our
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  main themes. But what does that entail?
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  Like what are the consequences of the separation of money in
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  the state? Obviously more power to the
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  individual, less power to the state, right?
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  And that completely changes the power dynamics.
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  It completely changes how we see government and the state in the
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  1st place. I think a lot of the corruption,
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  a lot of the ineptitude, a lot of the crazy things that you're
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  seeing boils down to the fact that the state has basically
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  brainwashed everybody into this idea that somehow politicians
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  are going to solve problems and somehow government getting
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  bigger is going to solve problems for you as well.
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  And I think they're wrong. And I, I think that, you know,
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  Austrian economics and just capitalism hasn't even had the,
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  hasn't really had the chance to shine in the 1st place.
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  And, you know, a lot of people maybe that would be unpopular
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  with, but my argument to them would be, how else do you
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  organize a society without coercive means?
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  And I would say that the free market capitalism is the best,
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  it's the best method to do that, right?
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  So, you know, we're heading into uncharted territory as a
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  society, you know, as a culture. And hopefully we can kind of
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  prepare you guys for what's to come and what you can do
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  yourself individually, right? And really the name of the game
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  here guys is, you know, and we say this when we say stuff like
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  Bitcoin or slavery is how many people can we get on our side of
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  the football versus how many people can they get on their
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  side of the football. And I'll say this, their side of
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  the football requires propaganda, requires coercion,
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  because I don't think if people really understood that they had
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  a choice between Bitcoin or central bank digital currencies,
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  I would say that a, a very small minority of those people would
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  willingly choose central bank digital currencies.
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  I would say the vast majority of people would choose something
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  like Bitcoin. So, you know, as this continues
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  to accelerate and the only thing that I can point to in the
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  background in the in the past would be the introduction of the
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  Internet to society. Like think about how how much
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  that changed things, right? It it really disintermediated
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  information completely. You know, you can literally just
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  pull up your phone. You can order something.
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  It will get to your place, whatever it is, whatever pat you
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  want a new TV, you want food, it will get to your door.
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  You can literally order to your door.
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  You can order. You know you can order a ride.
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  You can get someone to pick you up at your home and take you and
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  take you anywhere, right. You can buy plane tickets.
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  You can watch your favorite content like that wasn't a thing
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  like people forget right. So I would literally say that I
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  think Bitcoin has bigger implications than what the
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  Internet did to society just because of how much it's going
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  to change the existing power structure.
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  And that's going to be insane. And I think we're really going
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  to see that. Like, it's going to be a like
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  insane transformation the next 10 to 15 years in my opinion.
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  And I think we're just getting started.
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  Anyways, I do want to bring up my ledge who's always
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  optimistic, the one the only optimist feels.
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  How you doing bro? I'm doing wonderful, man.
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  Everything's good. Everything's good in the
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  Bitcoiners life. You realize your money doesn't
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  get to base. Life is wonderful, man.
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  Absolutely. It's getting warmer out here
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  too. Actually, I'm devastated because
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  the Oilers lost. I'm an Oilers fan now and we
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  can't let the Panthers win, but no I.
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  Didn't. Even watch the game so.
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  That's how much of A hockey fan I have.
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  Guys, if you're enjoying the show so far, make sure to smash
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  that like button and help us break 100 likes within the 1st
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  15 minutes of the show. Were you saying Opti?
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  I was just saying it's getting warmer out here in Texas.
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  It's getting nice, It's nice weather.
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  Hopefully the 100 and 10s don't come soon enough.
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  But hey, you know how it is. You know how it is.
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  Anyways, let's bring in our guest, Nico.
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  I think you guys are. And actually considering today's
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  topics, we got coach Emma from the Dream Grad Academy.
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  She's also a Bitcoin mentor, just partnered with them and the
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  perfect topic for today because she focuses on health and she
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  wants to talk about the parallels between health,
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  nutrition and self custody. So this is going to be great.
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  Anyways, Emma, maybe TLDR for the audience out there, what is
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  the Dream Grad Academy? And then we can start the show
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  and get into all of today's business.
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  Oh, I think you're muted now. Uh oh.
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  Wow. We just figured out all the
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  troubleshooting. All right, Emma, check, check
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  the audios real quick. And then yeah, we'll, we'll get
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  you back in all. Right.
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  We'll Emma, can you hear us? OK, All right, we're.
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  We're we're having some audio issues, but we're gonna roll
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  with it because this is a live show after all.
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  We're gonna get Emma back on stage.
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  But anyways, guys, it's gonna be a great show.
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  Buckle up and we're just getting started.
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  Here we go. Let's hit the numbers before we
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  hit the person. I want to give a shout out to
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  our lead sponsor. Yeah, Miko's.
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  Off the ball today it's Monday, bro, it's Monday.
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  I I got to get I got to get warmed up man all right
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  everybody, I do want to give a shout out to our lead sponsor,
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  At the time of recording the Bitcoin price is $69,770.
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  That's per dollar 1433 block height 847,373 blocks to having
• 10:40
  202,627 having estimate March 25th 2028 total lightning or
• 10:46
  capacity 4786 Bitcoin capacity value 300 and 333 million U.S.
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  dollars. Realize monetary inflation 1.6%
• 10:56
  market capitalization 1.37 trillion Bitcoin verse gold
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  market cap 8.63%. In the grand scheme of things
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  we're just getting started anyways.
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  Was talking about this idea of Bitcoin going mainstream in the
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  very beginning. It's not only Bitcoin, it's the
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  very idea of what is money, what is the government, what is
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  inflation? Because instead of trying to
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  convince people with what Bitcoin is, they will go
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  directly to Bitcoin because Bitcoin is the best money.
• 11:28
  What you really have to get them to ask is the question of what
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  is inflation? Why am I being forced to use the
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  money that steals from me? And I'll tell you this,
• 11:38
  politicians don't have an answer to that.
• 11:40
  And that's not something that we've agreed as a society in the
• 11:44
  social contract. I was reading about the income
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  tax in the US and what was really interesting about it is
• 11:50
  that they rolled it out really during World War Two.
• 11:52
  They they established, it was established in like 1913, like
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  when they rolled out the Federal Reserve.
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  I don't think that's a coincidence, but they really got
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  it like entrenched into society during World War Two.
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  And one of the reasoning is that we have to pay for the war.
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  We have to take care of the veterans when they come back.
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  And they started implementing these like these interesting
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  rules. Like if you live in the US and
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  you you're a salary worker, they automatically take your taxes
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  out of your salary. That's whole system was
• 12:20
  established during World War Two.
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  And the reason for that is like, you know, they don't even have
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  to ask you directly. They just ask your employer,
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  right? So it's really interesting how
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  that whole system got kind of implemented.
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  But unfortunately, I know a lot of us don't like income taxes,
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  Bitcoiners. You could say that as a as a
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  society, the social contract was agreed upon, right?
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  People agree that, yes, the paying taxes is part of, you
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  know, the way that you live in a society, right?
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  We haven't agreed to that in regards to inflation.
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  People are not willingly saying, yeah, I'm OK with this.
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  This is fine. It's treated like it's a law of
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  nature that inflation is just, it's just, it's just the way
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  that things are. But people aren't really.
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  They, they're not, not only are they not awakened to the fact
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  that there's an alternative, but they're not awakened to the fact
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  that there can be an exist, there can be a, a system where
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  money doesn't have to lose purchasing power in order to
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  function, right? And the Overton window is
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  shifting and we have to continue to shift it.
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  And I'll give you 2 examples of the Overton window shifting.
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  But this is like the front line of the battle.
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  Like if we get people to ask this question and then I'll pass
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  it on to you guys like take action, take agency.
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  The people around you like don't even like The thing is with
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  Bitcoin, like when if you say it up, if you bring it up in a
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  conversation, like people might be entrenched, right?
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  What you do is you ask them like, you know, why is the
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  dollar lose purchase? Like why does money have to
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  function like that? And 99% of people are just, they
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  have no clue that they're like, yeah, I never really thought
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  about it. So anyways, here's Grant Cardone
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  and whatever you feel about him, he's pointing out the scam that
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  is the dollar. Now he's bringing it up in a, in
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  a, in a certain way, his, you know, his way of succeeding is
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  like invest in real estate and like, that's the whole thing.
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  But you know, I what I got to say is like, like he's correctly
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  identified the problem. Like he's correctly identified
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  that the dollar is a scam, right?
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  And now we just need the rest of society to to wake up anyways.
• 14:27
  Wait, Niko, you need to switch screens.
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  Niko, we can't hear. It's $100.
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  When would you born? So in 1973 they said 100 on it.
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  Yeah, it says 1973 down here, right?
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  Yeah. Full faith in the US government,
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  God we trust. It says the same.
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  Bullshit. If this was a 1973 bill, OK,
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  printed in the year you were born, what would it say on it
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  today? Oh, it'd be way less.
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  No, but what would it say on it? It would still say right here.
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  It would say what, $100 exactly? You should say 11, right?
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  Because it's worth 10% of what? That's where the scam took place
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  right there. See, this is the big scam,
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  right? So again, it's not that this
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  isn't like people are not aware of this.
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  Is that not enough people are aware of this?
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  And I gotta say, like, this is information warfare.
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  Like you have Paul Krugman, right?
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  He's a columnist for The New York Times.
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  And he says, aside from priorities, is this, is this
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  even true? Is there any good reason to
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  believe that inflation hits lower income households?
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  Right? And that's a really good like
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  argument point, like it's a really good way to argue about
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  it, right, Is that inflation benefits the wealthy the most.
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  Why? Because the wealthy have their
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  wealth in assets. The lower middle classes, not
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  only do they not have the means to save in assets, but they're
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  saving paycheck to paycheck. So and their paycheck is being
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  debased, essentially the amount that they're earning stays the
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  same, but they're the purchasing power that they're earning
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  decreases over time. And that majority impacts the
• 15:58
  lower and middle classes. Like Bitcoin is money for the
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  middle class. It protects the middle class
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  from currency debasement. And that's something that we
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  have to get the message out because this isn't you can make
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  the argument that the wealthy like inflation because the price
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  of assets go through the roof and the amount of debt that they
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  actually have to pay back is lower, right?
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  Which is part of the reason that I feel like this is just like
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  not known to people. But again, I, I got to say this,
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  obviously information warfare because like, look, he's, he's
• 16:28
  protecting. He's basically saying like
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  that's not true. You know, it, it doesn't hit
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  impact lower income houses the most.
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  That's a lie. No, that that's cope from this
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  guy. That's like gaslighting.
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  And we just got to get that message out there.
• 16:41
  And I think that if we get that message out there and we get
• 16:43
  enough people to support it, it does the work ourselves, right?
• 16:48
  And here's the thing, like Bitcoin is powerful enough to be
• 16:52
  this cultural movement, this cultural phenomenon.
• 16:55
  And I think that's the next stage of Bitcoin's history for
• 16:57
  this to really be a tool for people all over the world, even
• 17:01
  if they're not truly aware of what the implications of a, you
• 17:05
  know, of a global Bitcoin standard would be of them to
• 17:08
  protect themselves from currency debasement.
• 17:11
  And of course, if you live in the West, if you live in a
• 17:14
  developed country and you're like, Nico, what are you talking
• 17:17
  about? You know, it's 2 to 3%.
• 17:19
  That's not that. I mean, if you are to believe
• 17:21
  that number, right? But it's not that bad.
• 17:23
  I mean, talk to someone in Venezuela, right?
• 17:25
  Talk to someone in the developing world, anywhere
• 17:27
  around the world. And they don't have the
• 17:29
  privilege that we have, right? So it's, it's up to us to really
• 17:34
  get that message out there and really get people to ask the
• 17:37
  question, what is money? What is inflation?
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  Why is the government forcing me to use the money that steals
• 17:44
  from me? What is the government in the
• 17:46
  1st place? What should the role of
• 17:47
  government in society actually be?
• 17:50
  And those are really, really powerful questions.
• 17:53
  And you know, Bitcoin will take care of the rest.
• 17:55
  Incentives will take care of the rest.
• 17:56
  Anyways, I'm going to pass it on to Opti.
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  Opti, what's your take on this? I mean, like, bro, if you have
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  like the influencer real estate guy that some half people, half,
• 18:06
  half of everyone thinks is a scammer, like being aware of
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  the, you know, the, the, the, the fraud that is Fiat money.
• 18:15
  Like, I mean, I think I think most people could pick this up,
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  bro, because it's really not rocket science in my opinion.
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  Like I think that they've had such powerful control on the
• 18:24
  media before the Internet that like in the control of the
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  college, like everything, like every aspect of society, like in
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  colleges, guys, they don't, they don't teach Austrian economics,
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  right? They don't teach this right.
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  They teach Kenzie in economics, which is completely reliant on
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  money printing and Fiat and all that stuff.
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  So I don't think that's a coincidence everybody.
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  I just don't. So I think we could change
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  things with the power of the Internet.
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  What do you think, Opti? Yeah, I mean, look, I'm glad and
• 18:54
  that's Grant Cardone. He's got a brother, I'm
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  guessing, But that's like the fundamental thing.
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  When I finally opened a can of worms to people and I try to
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  explain to them, like, what is going on, I usually do something
• 19:07
  very similar where you like, you know, you pull out a dollar and
• 19:09
  then you explain to them like that $1.00 does not actually
• 19:12
  equal $1.00. Yes, maybe on paper it looks
• 19:15
  like it equals, but in reality, your purchasing power has gotten
• 19:19
  decimated. And I think this is one of those
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  fundamental axioms. Like this is one of those
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  building blocks that we have to continue to push on people.
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  I know everyone in the chat like where way far down the rabbit
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  hole and that's like, you know, 101 stuff.
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  But for a lot of people out there, they still don't
• 19:35
  understand this this basic fundamental building block that
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  their purchasing power has been destroyed.
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  And even when you frame it in like purchasing power, I know to
• 19:44
  us it makes sense, but we got maybe we got to use less big
• 19:47
  words for people so they understand what's going on.
• 19:49
  It's basically like, what's the sailor thing?
• 19:51
  You're you're poorer if you save in dollars.
• 19:53
  We call them poor. And this is the part that really
• 19:56
  hurts the most because I grew up with the idea, like literally
• 19:59
  This is why I'm a bit corners. I used to just like put my
• 20:02
  dollars under my mattress and be like, OK, I'm saving money, I'm
• 20:05
  good. And then you realize the
• 20:07
  mechanics of the financial world and you're like, no wonder I
• 20:11
  can't get ahead. I my dollar is getting
• 20:13
  decimated. You know, your dollar gets the
• 20:15
  base by 2% on paper a year. And everyone knows that the
• 20:19
  official inflation rates are even higher.
• 20:21
  So you're getting poorer every single year.
• 20:23
  And if you're not a rich person, you don't save an asset.
• 20:26
  And most people think that they can.
• 20:28
  And just get by by saving in dollars.
• 20:30
  But This is why we come out here every day and we try to find
• 20:33
  ways to angle this conversation so that more people understand
• 20:37
  what game is being played. And if you're not saving in hard
• 20:39
  assets, or as we would say, if you're not saving in Bitcoin,
• 20:42
  then you're going to have a hard time getting ahead, like working
• 20:45
  your normal job, just trying to save in dollars.
• 20:48
  It's, it's almost impossible to get ahead in today's day and age
• 20:52
  if that is what you're doing. And I think most people are
• 20:55
  doing that. And a lot of people don't
• 20:57
  understand with the game of Fiat currency.
• 21:00
  And This is why we always got to come back and, and kind of go
• 21:02
  back to basics. And I'm glad that Grant Cardone
• 21:05
  is doing the same thing and, and that it's making, making some
• 21:08
  waves. Niko I didn't see how many views
• 21:10
  it got, but hey, at least more people are waking up to this.
• 21:13
  His whole his whole thing and you know, power to him, right?
• 21:16
  That's that, that that's how he became successful is real
• 21:18
  estate, right? But you know, the bitcoins would
• 21:20
  come from like, it's crazy that we live in a society where like
• 21:24
  housing in general is seen as an investment asset because of how
• 21:27
  broken, broken the money is. Like it's crazy that we live in
• 21:31
  a society that if you're somewhat successful and you're
• 21:35
  not living paycheck to paycheck, you have savings, you're forced
• 21:38
  to become like this part time investor just to maintain your
• 21:41
  purchasing power, just to stay ahead of inflation.
• 21:44
  Like that is so messed up and people are just not aware of
• 21:48
  this reality. You could have made a very
• 21:51
  strong case. And I think shout out to the
• 21:52
  gold bugs because they're really beating the battle drum, beating
• 21:56
  the battle drum for a very long time until Bitcoin really showed
• 21:59
  up. I think they were right.
• 22:01
  I just think that the tool in which that they advocated for
• 22:05
  has been captured because of its physical characteristics.
• 22:08
  I I think gold was never going to, it was never going to allow
• 22:13
  the separation of money in state.
• 22:15
  It got captured, right? That was never going to happen,
• 22:17
  right? I think with Bitcoin, because of
• 22:19
  its physical characteristics, because of your ability to take
• 22:23
  vast sums of wealth into self custody, allowing you to vote
• 22:26
  with your wallet, vote with your feet, I think it really changes
• 22:29
  the the conversation. Anyways, Emma, are we seeing
• 22:33
  things that are not there? Are we just a bunch of paranoid
• 22:35
  Bitcoiners? What's your take on all this?
• 22:39
  Oh, the audio's off now. It was just working.
• 22:42
  Oh. No, no, we can't.
• 22:46
  We can't. Having bad luck on the Monday
• 22:48
  show? Emma, could you hear us?
• 22:52
  OK, all right. Well try popping in one more
• 22:55
  time because I know your audio was working and now I I guess I
• 22:59
  won't mute you. Maybe that's messing up on the
• 23:01
  back end anyways. We got to keep the show going,
• 23:06
  so I do want to give a shout out to our sponsor.
• 23:08
  And of course, I'm talking about the pleb party guys.
• 23:12
  You definitely don't want to miss the pleb party in
• 23:15
  Nashville. It's going to be the day before
• 23:17
  the largest Bitcoin conference, Thursday, July 25th.
• 23:20
  Confirmed attendees include Larry Leopard, Preston Pish, the
• 23:24
  entire Simply Bitcoin crew including Nico, Sophie Opti
• 23:27
  Ruston, James Lavish, Robert Breedlove, Mark Moss, pubby
• 23:31
  Tatum Turnip and bat Adam O'Brien.
• 23:33
  It's going to be hosted an amazing venue, a rustic a rustic
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  automobile factory from 19 ten with brick walls and tons of
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  proof of work atmosphere. The last pleb party in Miami was
• 23:43
  sold out eight days before. You definitely don't want to
• 23:46
  miss the pleb party in Nashville.
• 23:48
  Scan the QR code on your screen right now or check the link in
• 23:52
  the O description. Get your tickets quickly before
• 23:55
  the ticket prices go up. Or yeah, anyways, Emma, could
• 23:59
  you hear us? Yes, I can hear you.
• 24:04
  Can you? Hear we We got Emma back, Emma
• 24:07
  back. Anyways, Emma, before we move on
• 24:09
  to the next section, I do want to get your take on the scam
• 24:12
  that is inflation. Do you think that this is
• 24:14
  something that we can make mainstream like this very idea
• 24:17
  of getting everyone to ask the question what is money?
• 24:20
  Do you think people are capable of doing that?
• 24:24
  Indeed. So just before you may lose me
• 24:26
  again, it seems like my Internet connection is a little wonky.
• 24:30
  So my apology. So I'm Emma Patty.
• 24:33
  I'm a university professor. Everything I say here is not a
• 24:36
  reflection of my university's views, but I moved away to part
• 24:42
  time faculty status to address exactly what you're talking
• 24:46
  about. You know, I'm in the hip, the
• 24:49
  field of public health. And so we won't talk about the
• 24:52
  pandemic, But ultimately, a lot of what is happening in popular
• 24:56
  discourse and around the world is around freedom.
• 24:59
  And without freedom, as we know, that could really hinder your
• 25:03
  well-being in health. And so I've created
• 25:05
  dreamgradacademy.com, particularly to work with
• 25:08
  beginners on the Bitcoin journey.
• 25:11
  And if you're looking for a deeper dive, I'm also a mentor
• 25:14
  on Bitcoin mentor dot AO, and that is a business created by
• 25:19
  BTC sessions that you all know and Michael Cook and we have a
• 25:22
  whole roster of mentors that are ready to help, you know, the
• 25:28
  very strong bitcoiner that's looking to get more privacy
• 25:31
  focus to the Bitcoiner that we need to get their Bitcoin off of
• 25:35
  exchange and into self custody. We also help with multi
• 25:38
  signature vaults as well too. But to talk further about the
• 25:42
  importance of talking to people about Bitcoin, I know we've all
• 25:47
  kind of our methods, we take up the dollar bills, but a
• 25:50
  Dreamgrad Academy developed something called Bitcoin problem
• 25:53
  based learning, essentially where you meet the person where
• 25:56
  there are. So you know, Nico, you mentioned
• 25:59
  that, you know, in the West inflation is bad and people are
• 26:01
  definitely feeling it, but we're like, okay, we'll just kind of,
• 26:04
  you know, carry on forward business as usual.
• 26:08
  And so you need to find maybe another push point for that
• 26:12
  person, right? Maybe they're more concerned
• 26:14
  about their kids or they're more concerned about some other
• 26:18
  problem. So you need to identify that
• 26:20
  problem because for many of us Bitcoiners, we found that
• 26:23
  Bitcoin solves a problem for us, particularly, you know,
• 26:27
  purchasing power. And then from there we went down
• 26:29
  the rabbit hole and sees see that it even has spiritual
• 26:32
  implications. So, so essentially Dreamgrad
• 26:36
  Academy is, is, is your partner there to help other people that
• 26:41
  you want to be orange peeled, particularly women as well,
• 26:44
  because we see that women, they're definitely Bitcoiners
• 26:48
  that are women, but we need to get more women in this space.
• 26:50
  And so I have an approachable modable model where I work with
• 26:55
  women in particular at Dreamgrad Academy and then also work with
• 26:59
  individuals at the Bitcoin Mentor.
• 27:02
  Another thing I want to say, if we look at the intersections of,
• 27:06
  of what we're talking about here, the importance of money
• 27:10
  and, and I'll also argue well-being about 80%, eighty to
• 27:14
  90% of our health, our well-being are the addressable
• 27:21
  modifiable factors of health is attributed to the social
• 27:25
  determinants of health as things such as our income, our
• 27:28
  educational systems, etcetera. And so we need to ensure that we
• 27:34
  have and rebuilding new things on top of the Bitcoin ecosystem,
• 27:39
  education programs that can reach other people so that they
• 27:44
  can become empowered as well too.
• 27:48
  So I particularly work with individuals, as I mentioned, and
• 27:51
  also communities and organizations.
• 27:54
  So you might be an organization that's like fed up with maybe
• 27:58
  the grant cycle that you're on trying to support people.
• 28:03
  Why don't you try Bitcoin? But if you don't have that
• 28:05
  understanding at Dreamgrad Academy, we can help you along
• 28:08
  that journey. And personally, Bitcoin mentor
• 28:11
  dot IO I think there's these are critical conversations that
• 28:16
  you're having and Nico and so just wanted to introduce this
• 28:21
  educational resource of Dream Grad Academy and also Bitcoin
• 28:25
  mentor dot IO I. Think, I think it's incredibly
• 28:31
  these resources as people just wake up to, you know, the scam
• 28:35
  that is Fiat money. They see Bitcoin as a, as a, as
• 28:38
  you know, as a, as a, as a tool in order to protect themselves.
• 28:43
  And but The thing is, you know, Bitcoin is personal
• 28:46
  responsibility, like self custody is the revolution.
• 28:48
  That's not an easy pill to swallow for a lot of people,
• 28:51
  right? You need a lot of, you know,
• 28:53
  it's, you know, the, the very concept is just writing down
• 28:56
  your 12 word seed phrase or using a hardware wallet.
• 28:58
  Like, you know, it's, it's not like a night or day thing.
• 29:01
  Like, you know, it takes a little bit of learning, takes a
• 29:03
  little bit of, you know, hand holding through the process.
• 29:06
  So really glad that you brought up, you know, those, those
• 29:10
  learning resources, Emma. Anyways, guys, let's move on to
• 29:13
  news. Lots to talk about today.
• 29:14
  Let's check it out. The Daily News.
• 29:21
  I wanna give a shout out to our sponsor Foundation Devices.
• 29:25
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• 29:32
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  If you're thinking about getting your Bitcoin off exchange
• 30:11
  changes, this is the one for you.
• 30:13
  Check out the passport link in the show notes below to learn
• 30:16
  more. So it's very interesting this
• 30:21
  and I just want to preface this with obviously we're not fans of
• 30:25
  of Rodger Burr here at simply Bitcoin just because of what he
• 30:29
  did with Bitcoin Cash. But when he got arrested, you
• 30:35
  know, I think it was like a month, a month or two ago by the
• 30:38
  US government around the same time that the Bitcoin privacy
• 30:42
  developers for the rest of the samurai guys, I told you that
• 30:46
  this wasn't about Roger Ver. I told you that this was about
• 30:50
  going after the industry and setting an example and saying
• 30:53
  like, listen, it doesn't matter whether you give up your US
• 30:56
  citizenship. It doesn't matter whether you're
• 30:58
  in the US or not. We can get you anywhere, right?
• 31:01
  This isn't going to happen. And what's really interesting
• 31:04
  about this whole thing is that this was predicted and you guys
• 31:07
  are going to kill me. But I reference this book all
• 31:09
  the time because I want you guys to read it because it really
• 31:12
  does arm you with the tools and just kind of like the the
• 31:15
  outlook into why all of this is happening, right?
• 31:19
  So I'm going to reference, I'm going to read some of these
• 31:21
  passages from the Wikipedia article of sovereign individual.
• 31:25
  And it goes on to say the authors have also predicted that
• 31:28
  the rise of this new cyberspace and consequently cyber money, it
• 31:32
  will become harder for nation state to collect taxes from its
• 31:35
  citizens. They compare the state to a
• 31:37
  farmer keeping cows in a field to be milked, but that soon the
• 31:40
  cows will have wings. They predict that for the
• 31:42
  government to collect taxes from its citizens in this type of
• 31:46
  society, it would have to violate human rights.
• 31:48
  Even traditionally civil countries would have to resort,
• 31:51
  and would have to resort and turn nasty, lacking their
• 31:53
  customs scope to tax and inflate.
• 31:57
  Governments, even in traditionally civil countries,
• 31:59
  will turn nasty. Businesses that offer services
• 32:02
  that facilitate the realization of autonomy by individuals will
• 32:05
  be subject to infiltration, sabotage, and disruption.
• 32:08
  Arbitrary forfeiture of property, already commonplace in
• 32:10
  the United States, where it occurs 5000 times a week, will
• 32:13
  become even more pervasive. Governments will violate human
• 32:17
  rights, censor the free flow of information, sabotage useful
• 32:20
  technologies, and worse, right? So, I mean, this is what's
• 32:24
  happening, right? This is what this is about.
• 32:26
  This is what the arrest of the samurai wallet guys were about.
• 32:29
  Anyways, here's a quick update. Bloomberg article It goes on to
• 32:32
  say a crypto investor known as Bitcoin Jesus has been released
• 32:36
  on bail in Spain, where he faces extradition to United States on
• 32:40
  tax fraud charges. Roger Ver was allowed to leave
• 32:44
  May 17th after posting a €150,000 in bail on the
• 32:48
  condition that he remained in Spain and hand in his passport.
• 32:52
  According to to a copy of the judge's decision seen by
• 32:55
  Bloomberg News, Ver must go on to court every two days.
• 32:58
  The prosecutor's appeal against the release was rejected 2 weeks
• 33:02
  later. US authorities are seeking Ver's
• 33:05
  extradition to face charges for tax fraud.
• 33:08
  According to the Justice Department, Ver failed to report
• 33:10
  capital gains or pay taxes on his holdings of Bitcoin, which
• 33:14
  he started to acquire in 2011. Ver sold bitcoins for about €240
• 33:19
  million in 2017, but allegedly didn't tell his accountant about
• 33:24
  the sale. By doing so, Ver allegedly
• 33:27
  failed to pay at least $48 million, according to the
• 33:30
  documents. Ver announced his US renounced
• 33:33
  his Usus citizenship and became a citizen of Saint Kitts and
• 33:37
  Nevis in 2014, but was still required to file U.S. tax
• 33:42
  returns on gains from certain assets.
• 33:44
  So, I mean, isn't that crazy? But it's like, it doesn't matter
• 33:47
  whether you give up your citizenship.
• 33:49
  It doesn't matter where you're going, you know, you still need
• 33:51
  to pay Uncle Sam. And I mean, like what I got to
• 33:54
  say about this is like they again, I don't, I don't want to
• 33:56
  go down the discussion of, of like whether taxes are, you
• 34:02
  know, ethical or not. Clearly the social contract has
• 34:05
  been accepted that they are. But what I will say is like, you
• 34:10
  know, you have a government that is spending way more in, in, in
• 34:15
  spending way more than it collects in tax revenue.
• 34:17
  They have to print the difference.
• 34:19
  That obviously has consequences on society.
• 34:22
  If you're a zoomer, you're millennial, you can't afford
• 34:24
  housing, right? So I mean, you know, they play
• 34:28
  by a different set of rules, right?
• 34:30
  It's like we're expect, we expect you guys, you know, to
• 34:33
  pay your taxes, follow the rules, but we don't have to play
• 34:36
  by those rules. We can overspend.
• 34:39
  You know, you can make the argument that, you know, some
• 34:41
  politicians make questionable decisions.
• 34:44
  I just find this interesting. I find this really, really
• 34:46
  interesting. And again, like completely, you
• 34:50
  know, coincides with the, you know, the the theory that the
• 34:53
  sovereign individual was making back when the book was read,
• 34:56
  written in 1997. I see this being played on in
• 34:58
  real time, like the samurai guys and Rodger Ver.
• 35:03
  I don't think that they were targeted because of quote UN
• 35:07
  quote justice. I think that they were targeted
• 35:10
  because they want to make examples of bitcoiners because
• 35:13
  the US government wants you to feel that.
• 35:14
  No, listen, we're still in power.
• 35:17
  We still control the money. You have to play by the our
• 35:19
  rules or we're going to lock you in a box, right?
• 35:22
  Anyways, so getting to today's topic of the video, I saw this
• 35:27
  coin Telegraph article that's titled New law grants U.S.
• 35:32
  President power to block digital asset access.
• 35:35
  And it kind of reminded me of the verse stuff.
• 35:37
  It kind of reminded me of that passage from the sovereign
• 35:39
  individual. Like clearly, you know, like
• 35:41
  guys, we don't call this the separation of money and state
• 35:44
  like just Willy nilly, obviously the state's going to fight back.
• 35:47
  Obviously the state is going to try to protect its ability to
• 35:51
  create money for free that everyone else has to work for,
• 35:54
  right? So anyways, goes on to say a new
• 35:57
  law grants the United States president sweeping powers to
• 36:00
  block access to digital assets. Goes on to say, quote, it's hard
• 36:05
  to see this isn't intended to be a user level band power by the
• 36:09
  president on any protocol slash smart contract that's deemed by
• 36:13
  the treasure by the you know the Treasury Secretary to be quote,
• 36:17
  controlled, operated or made available by foreign sanctions
• 36:21
  violator breathtaking scope and implications to corral users to
• 36:25
  KYC slash permission chains. What I got to say about this and
• 36:29
  somebody we've talked about sanctions for a lot.
• 36:32
  What I say is US sanction policy isn't compatible with Bitcoin.
• 36:37
  What do I mean by that? the US government gets a
• 36:40
  tremendous amount of power from weaponizing money.
• 36:43
  Treasury's Treasury Secretary gets to dictate what countries
• 36:47
  can use dollars and what countries can't use dollars.
• 36:49
  And then they're just able to freeze accounts if we transition
• 36:53
  to a Bitcoin standard and they don't have that power anymore.
• 36:57
  Like essentially this law is giving the president the ability
• 37:01
  to say, you know what, that we can't have Bitcoin, We can't
• 37:04
  have Bitcoin in self custody because we can't, you know, we
• 37:07
  can't enforce our sanction policy, right?
• 37:11
  And, and, and This is why like This is why they're going after
• 37:14
  self custody. This is why I just don't think
• 37:16
  you have an open monetary system is compatible with the existing
• 37:21
  like how, how you know, how governments see money.
• 37:24
  I just don't think it's compatible.
• 37:25
  And obviously, eventually there's going to be some type of
• 37:27
  clash. And when they roll out these
• 37:29
  types of laws, when you see, you know, the arrests of Bitcoiners
• 37:33
  right overseas and they'll say it's for tax reasons, just like
• 37:36
  in the privacy developer, the privacy case, and they'll say
• 37:40
  it's because they're breaking sanction policy.
• 37:42
  But if history has shown Bitcoin exposes all incentives, and I
• 37:47
  think we're gonna get to a point where they're just gonna have to
• 37:50
  admit that's we just don't want people using this because we
• 37:53
  can't control it, because we can't inflate it.
• 37:55
  I think eventually that's going to be said.
• 37:57
  We're just not there yet anyways.
• 37:59
  The article goes on to say Senator Warner's legislative
• 38:02
  maneuver. An ex user posted Senator Mark
• 38:05
  Warner's apparent strategic insertion of legislation
• 38:08
  elements on June 5th, enabling the scrutinized news sweeping
• 38:13
  powers granted to the US President over digital assets
• 38:17
  Quote any communication protocol, smart contract or
• 38:19
  other software deployed through the use of distributed Ledger
• 38:22
  similar technology that provides a mechanism for digital users to
• 38:25
  interact and agree to the terms of a trade for digital assets.
• 38:29
  It goes on to say under the new law, the President can block
• 38:32
  transactions between US persons and foreign entities identified
• 38:36
  as supporting terrorist organizations.
• 38:37
  Now, you would say, OK, Nico, terrorism bad.
• 38:41
  But what I got to remind everybody is that the Patriot
• 38:44
  Act was passed, you know, under the, the, the reasoning was
• 38:49
  terrorism, right? They never rolled back the
• 38:51
  Patriot Act. It's still, you know, it's still
• 38:53
  in law today and it has been used against American citizens.
• 38:57
  So, and if you remember the the Tornado Cash ruling, we made the
• 39:02
  case for you guys that they were setting a precedent and that if
• 39:07
  they get away with it, if they lose, no, if they win the cases
• 39:10
  in court, that eventually they would, you know, take another
• 39:14
  step. And the next step was obviously
• 39:16
  the samurai wallet devs being arrested.
• 39:19
  So it it's like it's, it's, it's you know, it's, it's disguised
• 39:24
  under like, listen, guys, this is for a good cause.
• 39:27
  Terrorism or terrorists are bad. But what I got to remind
• 39:30
  everybody is the Patriot Act. What I got to remind everybody
• 39:33
  is remember what happened with Tornado Cash setting the
• 39:35
  precedent and then to the Samurai wallet, the samurai guys
• 39:38
  being being arrested, and then remember the book The Sovereign
• 39:41
  Individual. Because I think it all boils
• 39:43
  down to the fact that, listen, under a Bitcoin standard, if the
• 39:46
  world migrates to a Bitcoin standard, governments are not
• 39:49
  going to have the ability to create money for free anymore.
• 39:52
  And governments are no longer going to be able to control the
• 39:54
  money the way they were in the past.
• 39:57
  So with those two things being true.
• 40:00
  Just pay attention to that. Every time you hear something
• 40:03
  related to Bitcoin, a law being passed or developer being or a
• 40:07
  developer or someone being arrested, like just keep that in
• 40:09
  mind because I think that there is something deeper here.
• 40:13
  It's not as simple as, you know, he was obviously, you know, he
• 40:18
  wasn't paying his taxes or guys, we can't have privacy because,
• 40:22
  you know, terrorism, right? I think there's something deeper
• 40:24
  anyways. The article goes on to say this
• 40:26
  includes imposing strict conditions on foreign financial
• 40:29
  institutions maintaining accounts in the US if they are
• 40:32
  found facilitating such transactions.
• 40:35
  Implications for digital assets Johnson's analysis suggests that
• 40:38
  the laws brought up applicability could compel users
• 40:41
  to join KYC compliant and permission blockchain networks,
• 40:44
  ultimately limiting them to regulated blockchains.
• 40:47
  He warns that the move could be seen as an effort to exert
• 40:50
  control over digital assets under the guise of combating
• 40:53
  terrorism. The elements allegedly added by
• 40:56
  Warner enabling the president's empowerment are borrowed from
• 40:59
  the Terrorist Terrorism Finance Financing Prevention Act.
• 41:03
  The ACT was introduced in a December 2023 announcement
• 41:06
  allowing the US Treasury Department to go after emerging
• 41:09
  threats involving digital assets.
• 41:12
  So, yeah, I completely agree with with that opinion from Coin
• 41:16
  Telegraph. I do believe that they would
• 41:19
  use, you know, the guise of terrorism, going after
• 41:21
  terrorists to really obfuscate what it is they're trying to do.
• 41:25
  And what they're trying to, what they're ultimately trying to do
• 41:28
  is go after self custody because self custody is the revolution.
• 41:32
  I, I, I just don't see it just like, like use common sense.
• 41:37
  I just don't see them being OK with it.
• 41:40
  And the reason for that is because that's their source of
• 41:42
  power. That's how they pay for things.
• 41:45
  That's how they control society. You can't have central planning
• 41:47
  with millions upon millions of individuals using sovereign
• 41:50
  money. You can't have that.
• 41:51
  It literally goes away. It disappears.
• 41:54
  So obviously, you know, they're going to try to obfuscate their
• 41:58
  actions. They're going to try to justify
• 42:00
  them. They're going to try to say
• 42:01
  money laundering. They're going to try to say
• 42:02
  terrorism. And I'm not.
• 42:04
  And I'm not going to sit here and say those things aren't
• 42:07
  true. But what I will say is two
• 42:08
  things can be true at the same time.
• 42:11
  And the Churchill quote comes to comes to mind, which is like
• 42:14
  never let a a crisis go to waste.
• 42:17
  And I remember when the horrible attacks happened in in Israel
• 42:22
  and Palestine, the tragedy that's happening over there.
• 42:24
  I remember Elizabeth Warren taking advantage of that crisis
• 42:28
  and basically trying to sell the narrative that terrorists were
• 42:31
  using the traditional financial system to raise money and
• 42:35
  launder money. And it was only because of the
• 42:40
  immune response of Bitcoin Twitter that she got fact
• 42:43
  checked in real time. And then that, of course, LED,
• 42:46
  you know, the congressional testimony where Tom Emmer
• 42:49
  basically pressed, put the head of the Fin Cen into a corner and
• 42:52
  basically asked him, like, this isn't true.
• 42:54
  And the head of fin Cen admitted, like, yeah, terrorists
• 42:56
  actually prefer to use the traditional financial system.
• 42:59
  OK. But if that's true, all these
• 43:02
  existing laws are already enacted in the traditional
• 43:05
  financial system, but terrorists still prefer to use that over
• 43:09
  Bitcoin. So then why are you trying to
• 43:11
  roll out these laws if they haven't been affected in the 1st
• 43:14
  place? It's like all, like, you know,
• 43:16
  like very simple questions that have to be asked.
• 43:19
  And I think the only pushback here is like, you got to empower
• 43:24
  yourself with the truth because that's the only way.
• 43:26
  That's the only way that you can expose this.
• 43:28
  That's the only way that you can be like, listen, I know that
• 43:31
  you're saying that this is because of terrorism, and I know
• 43:33
  that you're saying it's because of money laundering, but I think
• 43:35
  that there's another angle here, right?
• 43:37
  Anyways, Opti, what's your take on this, bro?
• 43:40
  I mean dude, are we just so jaded that we just like, don't
• 43:43
  believe anything? At this point, I mean, I, I
• 43:47
  first of all, yes, second of all, I don't understand how
• 43:50
  people believe anything the government say at this point.
• 43:52
  Like, I think they have a solid track record of everything they
• 43:56
  say is working against the citizen and they're not here
• 43:58
  working for our favor. There's been a lot of recent
• 44:02
  interviews exposing that very fact that the governments are
• 44:06
  bought and paid for. They're, you know, mouthpieces
• 44:08
  for what do you call it, the bureaucratic state.
• 44:11
  Like they they are beholding to the lobbyist at this.
• 44:15
  Point and they're not working. I'll just say this.
• 44:17
  Is that like, I don't think that you can have, I don't think you
• 44:21
  can have a government that works by the people for the people, as
• 44:25
  long as the money is not separated from state.
• 44:28
  And the reason for that is simple, the incentive structure.
• 44:31
  As long as the state is able to just control money and issue
• 44:35
  money at will, politicians are not incentivized to do good by
• 44:40
  their constituents. They're incentivized to just get
• 44:44
  as close as humanly possible to the money printer and protect
• 44:47
  the money printer. So I think you, I think that you
• 44:51
  have a misalignment of incentives.
• 44:52
  I think it's not necessarily that government is bad.
• 44:55
  Like you can't make like look at the case of Nayan Bukele in El
• 44:58
  Salvador. Like I bring it up all the time.
• 45:01
  I don't think that it's a coincidence that the first
• 45:03
  country that fix the incentive structure, fix the base layer of
• 45:08
  society has the most popular present in the Americas.
• 45:12
  I don't think that's a coincidence.
• 45:13
  And I think that it's shown that if you fix the incentive
• 45:17
  structure, all of a sudden politicians to remain in power,
• 45:22
  right, to keep their jobs, they all of a sudden have to do good
• 45:25
  by their constituents, right? I mean, it's not, it's not.
• 45:29
  It's like everyone, no one's better than their incentives
• 45:32
  fundamentally. And if you fix the incentive
• 45:34
  structure, it's not that these politicians have just gotten
• 45:36
  better. They said they're incentivized
• 45:39
  to do good because that's how they stay in power, right?
• 45:42
  Versus the money printer system. They're incentivized just to
• 45:45
  protect the money printer at all costs because that's where they
• 45:48
  get paid from. That's their source of power.
• 45:50
  Anyways, Emma, I wanna get your take on this.
• 45:54
  What's your opinion? Can you hear me OK?
• 45:57
  Yeah, we got you. OK, yeah, I again, I think this
• 46:02
  points to the importance of self custody because ultimately, you
• 46:07
  know, whatever policies, laws are, are passed, I think the,
• 46:13
  the institutions, as you're saying, you know, we know who
• 46:15
  they're in bed with, if you will.
• 46:18
  And so you want to make sure that, and I know that again,
• 46:21
  many people on this call are aware of the importance of
• 46:26
  custody. But again, it's reaching out to
• 46:28
  your loved ones, you know, people that you may work with
• 46:32
  and care about and telling them about these timely matters that
• 46:37
  are happening, right. This Telegram story, Telegraph
• 46:42
  article that came out that points to, you know, a, a
• 46:45
  potential infringement on the ability for reputable custodians
• 46:50
  to to hold the Bitcoin. And so, you know, we we don't
• 46:55
  know where things are go are going to go, but we know as
• 46:58
  bitcoiners, if we keep, you know, being self sovereign and
• 47:03
  educating, then we should be able to have that that army of
• 47:09
  people, if you will, that can then stand up to the powers that
• 47:13
  be. Essentially, we are, we would be
• 47:17
  minimizing the amount of energy, economic energy that they would
• 47:21
  have to keep on perpetuating these blocks to freedom.
• 47:28
  And I, I just, I just want to just again under score that
• 47:32
  point and the importance of, of finding institutions or
• 47:37
  organizations again, like Bitcoin mentor that can help
• 47:41
  with the self custody piece. So that's my big message for for
• 47:47
  today. Love it and.
• 47:49
  Anyway, Nico, can I, can I pop in here for a little bit?
• 47:51
  For sure. It kind of echoes something that
• 47:54
  we say here on the show all the time.
• 47:55
  Of course, first and foremost, you can't ban Bitcoin.
• 47:58
  You can only ban yourself from Bitcoin.
• 48:00
  And remember Choke .2 point O of all of last year, it seems to
• 48:03
  have kind of died down a little bit.
• 48:05
  I think all Bitcoins have been around.
• 48:07
  I think. I think.
• 48:08
  I know, I know. I mean more like the the, the
• 48:10
  narrative around it. It's definitely in full force.
• 48:12
  This is a shining example of it. I think that they.
• 48:15
  Publicly, no one's talking about it.
• 48:16
  No, but they made it a backseat issue because all of a sudden
• 48:20
  it's not a popular electoral issue.
• 48:23
  The opposing candidates have now come out in support of Bitcoin.
• 48:27
  So I don't think that they're going to go out and say, hey,
• 48:29
  you know, we're against Bitcoin. I think that they made it like a
• 48:32
  backseat issue, but it's again, don't pay attention to what they
• 48:35
  say, pay attention to what they do.
• 48:38
  And despite, you know, all the evidence supporting that a huge
• 48:42
  part of their voter demographic is pro the industry, they're
• 48:45
  still trying to pass these laws in the background.
• 48:48
  But like, this is insane. Like this is a very
• 48:50
  consequential piece of news. Like the fact that AUS president
• 48:56
  without going through Congress, could just rely on the executive
• 49:00
  branch, rely on the treasury and say, hey, guys, we're going to
• 49:03
  block certain digital assets because these digital assets are
• 49:07
  using are, are being used by countries that are are, you
• 49:12
  know, not not adhering to US sanction policy.
• 49:15
  Like what happens when Russia, you know, when it's announced
• 49:18
  that the government of Russia has, you know, put Bitcoin on
• 49:21
  their on their treasury or companies in Russia put Bitcoin
• 49:24
  on their like on their balance, What what's going to happen
• 49:26
  then, right. So the implications of this law,
• 49:29
  I think are are, you know, I think are, are are far reaching.
• 49:33
  But you know, again, this shouldn't come to a surprise to
• 49:37
  anybody. If you've been paying attention
• 49:40
  over the last couple months and we've been saying, like, look,
• 49:41
  this is a separated, this is a separation of money and state.
• 49:44
  This is what's going to happen and it's inevitably going to
• 49:47
  happen because it's just like use common sense like this is,
• 49:50
  this is just the incentive model playing out.
• 49:53
  And then you have the state against again, like just
• 49:57
  fighting for the status quo, fighting for the the
• 50:01
  pre-existing system, which is an exclusionary system.
• 50:04
  It's a system that judges you based on where you happen to be
• 50:08
  born. If you happen to be born in a
• 50:10
  certain country, you're not entitled to U.S. dollars, you're
• 50:13
  not entitled to self custody, you're not entitled to do these
• 50:17
  things. Bitcoin comes along.
• 50:19
  It's like, look, anyone could download a Bitcoin wallet.
• 50:21
  Doesn't matter where you happen to be born.
• 50:23
  You're entitled to be able to interact with the global
• 50:27
  financial system via Bitcoin. The current system is a system
• 50:31
  of an exclusion. And I think that needs to be
• 50:33
  highlighted. I think that needs to be talked
• 50:35
  about because what they again, they hide behind moral virtue,
• 50:40
  they hide behind terrorism. They hide behind money
• 50:44
  laundering, but instead of just judging them on what they're
• 50:48
  trying to hide behind, judge them on what the consequences of
• 50:52
  AUS dollar world are. What the consequences of a
• 50:55
  system that cares where you happen to be born.
• 50:58
  The the consequences of a system that completely obliterates you
• 51:02
  if you save in the currency. You know that needs to be talked
• 51:07
  about. That needs to be highlighted
• 51:08
  anyways. One last thing.
• 51:10
  One last thing, Miko. Sorry, while you were reading
• 51:13
  this and while you know the headline seems like if if you're
• 51:18
  unaware of how Bitcoin works, you're like, oh, they can ban
• 51:21
  Bitcoin. Obviously why I started with
• 51:22
  like can't pan Bitcoin can only ban yourself from Bitcoin.
• 51:25
  And my my thought, my thoughts while you were going through
• 51:28
  this, I'm like, how are they even going to stop individuals
• 51:30
  from transacting with other individuals?
• 51:32
  It's not what they're gonna no, I know, Nico.
• 51:33
  I know, I know. That's my point.
• 51:35
  That's my point. That's my point.
• 51:37
  But I did get my answer when they read this and they want to
• 51:41
  push you to compliant blockchains.
• 51:43
  And so this is the point in the show when I tell you guys to
• 51:46
  avoid using stable coins because we already know where that is
• 51:50
  going. They've already laid the
• 51:52
  groundwork. And this is more receipts to the
• 51:54
  idea that they're going to try to usurp the Bitcoin movement
• 51:59
  by, you know, what Coinbase did like, hey, you will give you a
• 52:02
  dollar pizza if you use this USDC Tether coin.
• 52:06
  And it's like, avoid stable coins, get on the Bitcoin
• 52:08
  network. They can't stop the Bitcoin
• 52:10
  network, but they can't stop these others quote on quote
• 52:13
  compliant block chains. That's my PSA for the day.
• 52:16
  Amen to that. All right everybody, I do want
• 52:18
  to give a shout out to you. We got the Bitcoin bugle in the
• 52:21
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  It's a great resource. If you're traveling and you
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  don't know any bitcoiners near you, the Orange Pull app is a
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  geographically the bit corners that are near you and allow you
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  All right, everybody, let's hit the culture and talk about what
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  Emma is working working on these days.
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• 54:18
  All right, Opti, what are we gonna talk about today, brother
• 54:20
  all? Right.
• 54:21
  Great. The chance Guy can be up.
• 54:24
  Emma Coach. Emma, let's start with Dreamgrad
• 54:27
  Academy for the new people that join later, and hopefully your
• 54:30
  audio's back. And then I really want to talk
• 54:32
  about something you mentioned earlier, and it's the parallel
• 54:35
  between health and custody. So let's start with what you're
• 54:39
  working on and then we'll end it and wrap it up with Bitcoin
• 54:42
  Mentor. Yeah.
• 54:44
  So can you hear me? Yes, we got you.
• 54:46
  Awesome. OK, fantastic.
• 54:49
  Yeah. So Dreamgrad Academy is an
• 54:51
  alternative educational platform where I said that we help people
• 54:57
  understand what Bitcoin is and what means for their lives.
• 55:00
  So I currently have a cohorts that I'm running right now for,
• 55:05
  again, particularly focusing on women, but in the future I hope
• 55:08
  to open it up to all individuals.
• 55:11
  The course is about four weeks. I'm also playing with models of
• 55:14
  where people can download a course as well and go through it
• 55:18
  on their own time. And then also too, with this
• 55:22
  shift in the world that we're experiencing, the technology
• 55:26
  shift, information political shift, I know there's a number
• 55:29
  of people out there that are like, Oh my gosh, I'm confused.
• 55:31
  I don't know what to do. I also help with coaching as
• 55:36
  well around that. You can always contact me at the
• 55:39
  Dream a Grad Academy website. I'm also on LinkedIn under my
• 55:43
  name, Emma Apatu as well. And the other thing that I want
• 55:50
  to highlight is Bitcoin mentor. I think this is a really, really
• 55:54
  cool business. Again, that was launched during
• 55:58
  the last most or should say most recent having, you know, BTC
• 56:03
  sessions has been helping people along their Bitcoin journey for
• 56:08
  several years now, and there's been high demand for her
• 56:11
  services. And so he reached out with a
• 56:14
  call to basically, you know, the Bitcoin world and say, hey, you
• 56:19
  know, I'm starting this thing. I want, you know, the most based
• 56:23
  educators to come out and help other Bitcoiners and other
• 56:27
  people that are new to Bitcoin so that they can be self
• 56:30
  sovereign. And so there's about, I think 16
• 56:34
  or so of us that serve as mentors.
• 56:37
  You can find us on the mentor list.
• 56:40
  Amazing, amazing crew. We meet with BTC sessions
• 56:44
  regularly and we talk about best practices in the field.
• 56:48
  In addition, there's a Twitter space that some of you might be
• 56:52
  joining that Bitcoin mentor is hosting every Monday, Wednesdays
• 56:57
  and and Fridays. That's great.
• 57:00
  If you have those like lingering questions around how can I
• 57:03
  improve my UTXO management? How can I integrate more, you
• 57:07
  know, privacy considerations into my no setup?
• 57:11
  So there and also there are guests that come on.
• 57:14
  For example, we had a guest from coin Kite DD is amazing who came
• 57:20
  and and talked about some Bitcoin related stuff.
• 57:25
  So highly recommend that you reach out to Bitcoin mentor,
• 57:30
  share the resources well too. And Opti, would you like me to
• 57:35
  talk more about the intersections right now?
• 57:37
  Yeah, yeah, let's, yeah, let's let's pivot a little bit because
• 57:41
  this is one of my favorite topics as well, Is this idea of
• 57:44
  like as a Bitcoiner, it's not just about stacking stats.
• 57:47
  It's also about turning yourself into the best version that you
• 57:51
  can possibly be. And of course, I think that
• 57:53
  always starts with health and nutrition.
• 57:56
  So with your background, how about let's like what you said
• 57:59
  in the beginning, the parallels between health and nutrition and
• 58:03
  the attacks on custody. And today's a perfect episode
• 58:07
  episode to touch on those topics.
• 58:09
  Yeah. So basically it's important to
• 58:12
  remember, and we all know this energy is the base layer of
• 58:15
  society, right? And we need energy to function
• 58:19
  every day. And we, we use our actions to
• 58:23
  carry out our morals and decisions.
• 58:25
  And we make health behavior decisions based on our social
• 58:32
  cultural environment, right? And if we're dealing with a
• 58:36
  social cultural environment that's based on that and lies,
• 58:41
  then indeed health outcomes are going to be interrupted.
• 58:45
  And so when I made this realization in 2021 that the
• 58:51
  base layer that we're operating on is, is highly mixed with
• 58:59
  mixed messaging that we need an educational space where people
• 59:04
  can then revisit their health, maybe through Bitcoin, through
• 59:10
  understanding what it is, through understanding how they
• 59:14
  can then in turn fix their health outcomes.
• 59:17
  Because I know there's a number of people that have gone on the
• 59:20
  Bitcoin rabbit hole and they've discovered it's because you, you
• 59:24
  question the veracity of of the money and what other messages
• 59:29
  you've been receiving. And so once you do that, then
• 59:32
  you're able to uncover, you know, the things that really
• 59:37
  work for your health. And this all comes through a
• 59:40
  Bitcoin journey. So this is another way
• 59:42
  potentially that you can try and orange pill maybe your family
• 59:49
  and friends just to to and and you're probably in some
• 59:53
  respects, the people listing, you know, an example of what
• 59:57
  Quinn can do on the health and and Wellness.
• 59:59
  Like I've heard of people that have stopped smoking, for
• 1:00:02
  example, because they have, you know, found Bitcoin or they
• 1:00:06
  found God, et cetera. And so.
• 1:00:09
  Well, unfortunately in my field in health and healthcare, a
• 1:00:13
  number of people are still operating in that old system,
• 1:00:16
  right, because of the governmental incentives that are
• 1:00:20
  there to keep perpetuating old models of health.
• 1:00:24
  And I should say that old models of health are not bad.
• 1:00:28
  I mean, these discussions have gone, you know, if you look at
• 1:00:31
  the the ancient Greek, you know, discussions around health,
• 1:00:35
  around interventionism and prevention.
• 1:00:38
  And you know, ultimately we would love to all protect our
• 1:00:41
  health. And I think we have that
• 1:00:44
  opportunity even more so with an invention, with Bitcoin because
• 1:00:48
  we can preserve our energy. And so these are also things
• 1:00:52
  from an academic standpoint that I plan to think of and
• 1:00:57
  disseminate more. Hopefully in October, I'll be
• 1:01:02
  going to the American Public Health Association.
• 1:01:04
  I have an abstract that's been accepted to talk about this
• 1:01:07
  intersection of Bitcoin and health.
• 1:01:10
  And so I just, I just encourage everyone here just to share that
• 1:01:16
  kind of message with friends, family.
• 1:01:19
  So greatly appreciate the spot that you've provided me here.
• 1:01:24
  That, that's an incredible point.
• 1:01:25
  And it, it's fascinating because I think that this is all kind of
• 1:01:28
  interconnected, right? And you're making the case like
• 1:01:30
  look like if you adopt, you know, a Bitcoin standard and you
• 1:01:33
  fix that base layer, all of a sudden you're incentivized.
• 1:01:37
  It's like something changes within you.
• 1:01:39
  Like we've, we've talked about this tremendously, like it's
• 1:01:41
  like a spiritual thing or something in your mind, you know
• 1:01:45
  what it might, might be, it might be just long term
• 1:01:49
  thinking. Like it might be like your
• 1:01:51
  ability to now think into the future, right?
• 1:01:54
  Where versus like Fiat kind of incentivizes this like short
• 1:01:56
  term thinking, not only in, in plan financial planning, but
• 1:02:00
  also in health, right? And I think that you, you, you
• 1:02:03
  act that out. I think people underestimate how
• 1:02:06
  much their unit of account kind of plays into their psychology,
• 1:02:11
  into their viewpoint, their view of the world.
• 1:02:13
  I think it's, it's, it's, it's very deep.
• 1:02:16
  I, I, I'm really glad that you came on the show because you're
• 1:02:18
  not, you're not the first person to, to bring this up, not from
• 1:02:22
  the health standpoint, but from the spiritual standpoint, from
• 1:02:25
  the financial standpoint. We keep hearing these stories.
• 1:02:28
  Oh, it's a very, very similar type of pattern that I've
• 1:02:31
  noticed. It's like I've adopted Bitcoin
• 1:02:34
  and all of a sudden my, my life has turned out for the better.
• 1:02:38
  But there's so many different reasons as to why that is.
• 1:02:41
  And this is, this is so interesting.
• 1:02:43
  This is so fascinating. Did you go through this yourself
• 1:02:46
  personally? Yeah, 100% I did.
• 1:02:49
  Yes, could. You talk a little bit about like
• 1:02:50
  how that was like, what was your like?
• 1:02:53
  How did you you adopted Bitcoin? You're like, all of a sudden
• 1:02:55
  you're like, I wanna become healthy.
• 1:02:56
  Like what was that like? Well, for me, being in in public
• 1:03:01
  health and kind of thinking through the incentives of we'll
• 1:03:07
  just say the past events of the past few years made me really
• 1:03:12
  think again, OK, what is health and how do we protect health?
• 1:03:17
  Public health is ultimately about what we as individuals do
• 1:03:21
  right and what we form organizations and other entities
• 1:03:25
  to help one another. And so when when you start
• 1:03:29
  having messaging around the collective health, you get very
• 1:03:33
  into a very dangerous place where you're thinking of or
• 1:03:37
  you're disrespecting or you could disrespect individual
• 1:03:41
  rights. And this has been again, an
• 1:03:44
  age-old debate in public health too.
• 1:03:46
  But I think it's, it's so critical more than ever that we
• 1:03:50
  need to like utilitarianism is good to an extent because you
• 1:03:55
  can help the greater good, but then what about the individual?
• 1:03:59
  And so we need to make sure we need to do a better job,
• 1:04:01
  especially in public health, to make sure that we give people
• 1:04:05
  the flexibility to then take on the actions, right?
• 1:04:08
  Let's think about praxeology around what can help people
• 1:04:13
  exercise their morals, right? And so after kind of making that
• 1:04:20
  kind of connection in my brain, I was just like, I have to, you
• 1:04:25
  know, as someone that I, you know, I was an educational
• 1:04:29
  director and I stepped down to create Dream Grad Academy
• 1:04:33
  because I just believe in it so much that if we restore the
• 1:04:37
  individual from the energy level, right, which Bitcoin
• 1:04:42
  allows us to conserve our energy, that we are then going
• 1:04:45
  to see better health outcome. But unfortunately, you know,
• 1:04:49
  Bitcoin is a new technology. So the peer reviewed literature
• 1:04:53
  is not there yet to show the health outcome changes.
• 1:04:58
  But I know anecdotally, qualitatively, like for myself,
• 1:05:03
  like I also questioned diet as well too, and tested eating
• 1:05:06
  different things. And I found that, you know, for
• 1:05:09
  example, healthy fats are they're not a bad thing, right?
• 1:05:13
  We hear that they're demonized, especially saturated fats, for
• 1:05:16
  example, example, you can read the Western prices, for example,
• 1:05:20
  his work. And there's Salisbury as well
• 1:05:24
  too that did a lot of work, I believe in the 1800s to show,
• 1:05:28
  you know, healthy diets. And so I think again, Bitcoin is
• 1:05:32
  truth. So then once you discover truth,
• 1:05:35
  you then start asking these additional questions and other
• 1:05:39
  facets of your life. And public health touches on
• 1:05:42
  every dimension of health, I would argue.
• 1:05:45
  And so in public health, we're not talking about this digital
• 1:05:49
  transformation and tools like Bitcoin that can empower people.
• 1:05:53
  And that's where ultimately, like Dreamgrad Academy fits in,
• 1:05:58
  to help people rediscover their health through energy
• 1:06:02
  conservation, through self custody.
• 1:06:05
  I've written in Bitcoin magazine around the importance of calling
• 1:06:11
  out debt based money as a public health issue.
• 1:06:15
  We're so good at calling out other social determinants.
• 1:06:18
  So if you remember earlier I said that social determinants
• 1:06:21
  make up about 80 to 90% of our health.
• 1:06:25
  However, we tend to only focus on access to medical care and
• 1:06:30
  that's, that's makes up about 10%, right?
• 1:06:34
  You can look at the county health rankings document or
• 1:06:37
  website that is widely cited in the United States to show you
• 1:06:42
  the breakdown of health outcomes.
• 1:06:45
  And, and I've also, I've spent some time in the United States
• 1:06:48
  and I've used those models as well too.
• 1:06:51
  And we see these, you know, reoccurring, reoccurring
• 1:06:54
  associations such As, for example, income being related to
• 1:06:58
  certain health outcomes, but we're not asking about the
• 1:07:01
  integrity of money. And that's where I'd love to see
• 1:07:04
  especially public health professionals start asking those
• 1:07:08
  questions. And I'm hoping that we could get
• 1:07:11
  more people to see that and to see debt based money and its
• 1:07:16
  relationships with health. Percent.
• 1:07:20
  And it's one of those, is it one of those things that Bitcoin
• 1:07:23
  fixes Emma or is it all interconnected?
• 1:07:27
  Yeah, I think it's all interconnected.
• 1:07:31
  And I do think that Bitcoin does indeed fix some of the issues,
• 1:07:37
  prevailing issues that we see in health, especially the medical
• 1:07:40
  care system. I know there's doctors already
• 1:07:43
  in the United States that are playing with new models of
• 1:07:46
  primary care where they have direct access to their patients.
• 1:07:51
  And so and they and patients can, you know, text them
• 1:07:54
  whenever, ask them for health education, active information,
• 1:07:59
  and these doctors are able to serve potentially a smaller
• 1:08:03
  amount of patients and those patients then their health
• 1:08:06
  outcomes get better. And so these are things that
• 1:08:10
  there are Bitcoiners and Bitcoiner providers that are
• 1:08:14
  trying to play with these new models of health.
• 1:08:17
  And so I think once we start integrating public health and
• 1:08:25
  Bitcoin together slowly, we can decentralize medicine and public
• 1:08:30
  health. That's part of the problem is
• 1:08:32
  quite centralized where we could then see that individuals are
• 1:08:37
  thriving in their communities and little communities have
• 1:08:40
  their decentralized, you know, healthcare systems.
• 1:08:44
  I mean, prior to probably the 19, you know, 10s or so,
• 1:08:50
  healthcare was more decentralized.
• 1:08:52
  However, there's been these corrupt incentives that have
• 1:08:55
  made them more centralized and have really pushed the
• 1:08:59
  interventionist models. And so, yes, I do think Bitcoin
• 1:09:04
  can indeed help to address some of these health outcomes that we
• 1:09:07
  see in health. Absolutely I, I, I truly believe
• 1:09:12
  in that and thank you for coming on the show today cuz you, you
• 1:09:15
  opened my eyes to even now another kind of thing that
• 1:09:18
  Bitcoin fixes right, You know, and it's, it's just so
• 1:09:21
  fascinating. Anyways, Emma, if you have any
• 1:09:23
  last words for audience, what would it be?
• 1:09:27
  I would say maybe two things. One, debt based money is a
• 1:09:30
  public health problem. We should call it out as such.
• 1:09:33
  I would say that. And then the second thing that
• 1:09:36
  is if you're in need of help of self custody, please check out
• 1:09:42
  Bitcoin Mentor. The Twitter Spaces, as I
• 1:09:45
  mentioned, happened Monday, Wednesday and Friday afternoon.
• 1:09:49
  So check out Bitcoin Mentor on Twitter and also Dreamgrad
• 1:09:53
  Academy for those folks that you might be trying to orange pill,
• 1:09:57
  particularly women that have not realized the power of Bitcoin.
• 1:10:01
  Awesome. Well, Emma, thank you so much
• 1:10:03
  for coming on the show today. Really, really appreciate it
• 1:10:06
  guys. That was simply Bitcoin live for
• 1:10:07
  June 10th, 2024. I'm your host Nico.
• 1:10:10
  It's my legendary Co host Optimus Fields and our guest for
• 1:10:13
  today, Emma, go check out her work.
• 1:10:15
  All right, guys, Bitcoin, we'll be back tomorrow for a brand new
• 1:10:18
  episode of simply Bitcoin Live. Peace out, everybody.
• 1:10:22
  Thank you episode was brought to you by bitcoinwell.com on a
• 1:10:26
  mission to enable independence.