Latest / Simply Bitcoin / CBDC Used to CONTROL People in China, Opt Out w/ Bitcoin | EP 507

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CBDC Used to CONTROL People in China, Opt Out w/ Bitcoin | EP 507 · Simply Bitcoin

0:04
We're gonna simply Bitcoin, we recovered the Bitcoin culture.
0:06
The news, the fails, all of it. Today we have a very special
0:10
guest. We have Nick can't mine.
0:13
He is the head of news at Bitcoin magazine.
0:17
He's going n on today so I'm not going to share the screen.
0:19
But anyways, Opti, let's go to the numbers brought to you by
0:24
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0:36
Remember guys, if you don't run your own Bitcoin node you're
0:39
using someone else's. So get yourself a novel today at
0:42
the time of this recording, the price of Bitcoin is at twenty.
0:45
One thousand six hundred and fifty dollars.
0:48
SATs per dollar also known as Moscow.
0:50
Time 4619 the market cap. Wow.
0:56
That is so low cheap SATs Four hundred and twelve billion
1:01
dollars help bit amount of Bitcoin held in corporate.
1:05
Treasuries is 1 million six hundred and sixty thousand.
1:09
The current block height is at seven hundred forty thousand,
1:12
nine hundred and sixty four total lightning network capacity
1:16
at 4001 Bitcoin and the amount of reachable Bitcoin.
1:21
Nodes, it's up again, we're at sixteen thousand and thirty-two
1:25
so a little bit of a bloodbath and why is that bloodbath
1:29
happening? Well, we've been covering this
1:31
for the last couple days. I know, Nick covered this today
1:34
at Bitcoin mag because I saw their videos.
1:36
I know they're releasing some articles, this was a big deal.
1:40
The FED hikes its Benchmark, interest rate by point, seven
1:44
five percentage points. The biggest increase since 1994.
1:50
So basically that's just a very fancy way of saying that they're
1:55
making it more expensive to. To lend not lend to borrow
2:02
money. There we go.
2:03
They're making it more expensive to borrow money in the hopes of
2:06
cooling down the economy in the hopes of slowing down inflation.
2:10
Now, what's really funny and I keep saying this guy's is that
2:15
the people that caused the inflation are also responsible
2:18
for slowing down the expansion, the inflation.
2:21
But you are the victim like it's just crazy.
2:25
Anyways, this is a video by Magoo.
2:29
And I just thought it was hilarious.
2:31
This was obviously, this is a little zoomed in of the the FED
2:35
meeting and take a look at those shaking paper.
2:38
We got both the tools we need in the resolved that it would take
2:41
to restore price stability on behalf of American families and
2:44
businesses. So, I mean, look, there could be
2:47
wind in there, right? Or you could be shitting as
2:50
fats. This is D, patil.
2:54
Of course, there's the bias. We're all bitcoiners.
2:56
So we all think something's going on, this is Deepak.
2:59
Well he says Jay Powell is overwhelmed his voice.
3:02
Sounds very shaky and nervous. I know Nick you covered this
3:05
today so I'm going to ask you whether you think that's true.
3:08
Now let's compare that with Bitcoins monetary policy because
3:11
this is what we advocate. So strongly on the show.
3:13
We say we try to make the case every single day that Bitcoin is
3:17
a better alternative to Central Banking.
3:20
Now, let's take a look at Bitcoins monetary policy, right?
3:23
Because this is kind of on the Fly, Right?
3:26
The FED monitor, every Wednesday or every other Wednesday, or how
3:29
Along it is, right? They just, you know he just goes
3:31
up there with the shaky ass hands and you know he just
3:35
decides right? Depending on how the economy is
3:37
doing I guess, right? But if you compare that to
3:40
Bitcoins monetary policy it's simple, the supply or the
3:44
amount, the supply being dumped on the market are about every
3:48
four years is cut in half, right?
3:51
Or the amount of Bitcoin that is able to be mind, is cut in half.
3:54
So, you know, the monetary policy of Bitcoin, it's set in
3:58
stone. And now, let's take a look at
4:01
this. This is a you'll Jacob.
4:03
Shout out to him and he retweeted this video.
4:06
Let's see how Michael sailor feels about this because at the
4:08
end of the day, right? With a lot of economists and a
4:11
lot of the Legacy Media people are they're expecting a
4:15
recession and obviously that has you know, affected the Bitcoin
4:19
price. A lot of us would like to
4:20
believe that Bitcoin is a decoupled asset, but it
4:24
definitely hasn't been showing that but let's see how Michael
4:28
sailor. That's right.
4:30
We did pass the number that he supposedly was going to get
4:34
margin called in. Obviously you put in more
4:36
collateral but just a little quick observation.
4:39
This is the first time I see Michael sailor smiling in the
4:43
beginning of the interview. Usually has a straight face.
4:45
Anyways let's check out what he has to say.
4:47
Love to just start off on. We just said, I think it's
4:49
129,000 roughly a coin average. Price of thirty thousand seven
4:53
hundred spent about four billion on it.
4:56
One would anticipate if the if the price stays where it is.
4:59
Is that's going to cause a significant right down overall.
5:02
At least your Auditors may ask for that.
5:03
You know, you've talked for years about the financial
5:05
flexibility owning all that Bitcoin gives you.
5:08
I wonder if you believe it also works in reverse Now, I think
5:12
it's been enough positive, we back tested our strategy against
5:16
every other alternative. And if you roll the clock back
5:18
to August tenths of 2020, when we embarked on this journey,
5:23
Bitcoins perform 10x better than anything else Gold's down. 10%
5:27
NASDAQ is flat. Bitcoin is up 86 percent.
5:30
Since that time over any time frame, two years, four years,
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eight years Bitcoins, the best performing asset.
5:36
I can't come up with a better idea.
5:39
You can't come up with a better idea.
5:41
Is that mean You would actually consider buying more these
5:43
prices. Yeah, I think if you think about
5:47
Bitcoin, if your time Horizon is one month, that looks like a
5:50
volatile risk asset. But if your time Horizon is 10
5:53
years, it looks like a risk off store of value Asset.
5:58
So, the crossover point is for years.
6:01
Yeah, in the for year number, thanks Opti.
6:04
And the Fourier number is really interesting.
6:06
Because the Fourier number in connect us, what I was saying
6:08
about Bitcoins monetary policy. Roughly, every four years, the
6:13
supply of Bitcoin. Being dumped on the market, so
6:16
to speak. It's cut in half, right?
6:18
So it makes sense, every four years.
6:20
Now compare that with the monetary policy of Fiat
6:23
currencies in the monetary policy of the FED.
6:25
I just think that Bitcoin is a better system and every which
6:29
way. Right now, we are paying the
6:31
price for those stimmy checks that they sent out a couple of
6:36
years ago. Everyone thought free money.
6:37
There is no sich such thing. As a free lunch, a free lunch.
6:41
We are figuring that out. Now, Nick from your Active.
6:46
I know it was you. You were telling me before the
6:48
show is a little crazy today at the mag.
6:51
What, what did you guys see? What insights do you have based
6:55
on? What I'm what I'm what I was
6:56
talking about Yeah, with like the Jerome Powell meeting and
7:01
him shaking and stuff. I noticed it right away because
7:04
I watch it every single month when they do it and he like he
7:08
just seems so nervous. And yeah, I mean, I didn't even
7:11
think of that. Probably, because I wanted it to
7:13
be true that he was just shaking that much, but it definitely
7:16
could have been like a fan or something or the wind blowing,
7:18
but then, again, why would they be blowing wind on them?
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I don't know. But I would not want to be in
7:24
his position during like an economic.
7:28
On turn like we've been experiencing like his job.
7:31
Just got that much more stressful.
7:33
And I mean there's a lot of people in the United States and
7:37
around the world that particularly in the United
7:39
States. They don't understand this stuff
7:42
and they're looking to this guy for answers and month after
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month. They're seeing this guy as
7:50
failing them. And I'm seeing more and more
7:52
videos of people who like let's say like a lot of these people
7:57
were buying it. Voters last bolt last night, I
8:01
watched full run last presidential election who were
8:04
like trying to make things better by voting for Biden.
8:07
These people have completely turned, like these people are
8:10
pissed, like people can't afford gas, they can't afford
8:15
electricity, they can't afford, you know, food.
8:19
There's people are pissed and Jerome, Powell said that, he has
8:25
no idea where we're going to be a year from now with Economic
8:29
Policy. I mean, you know, comparing that
8:32
to Bitcoins monetary policy like it's alarming in the field
8:36
world. It's just really alarming right
8:38
now and Bitcoin just gives you this piece of mind that you know
8:43
Tick Tock next block, as long as blocks are coming in.
8:45
You know Bitcoins going to be the same tomorrow.
8:49
You can go to sleep at night and not and really the rest assured
8:53
that you know, they're not going to rug pull.
8:55
You monetary policy wise Li I 100% agree.
9:00
It just Bitcoins just better man like look it all the chaos and
9:04
the FEDS original mandate was to control an employment and
9:08
control inflation. The the you know the hundred
9:12
plus years that they've been around since 1913.
9:15
I think they've completely failed at those two mandates
9:18
really you could make an argument for unemployment but
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it's been a catastrophe Opti. What's your perspective bro?
9:26
From the pleb perspective, what's your perspective?
9:29
Well, I'm just glad I'm a bit cleaner and I don't have to
9:34
watch this to like, watch Jerome, Powell or watch these
9:39
meetings to understand what's happening with my monetary
9:41
policy. I can live my life and, you
9:43
know, do what I got to do, but as the world melts around us,
9:48
it's just beautiful to hold Bitcoin.
9:50
And yeah, that's pretty pretty amazing to see Jerome.
9:54
Powell shake like that if he is actually shaking.
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Think that just further proves what we've been saying for a
10:00
long time and it's that they can't tape or the Ponzi and they
10:03
know it. And yeah, it is terrifying
10:06
because even as a Bitcoin or we're not going to be unaffected
10:09
by global markets having a meltdown.
10:11
So it's not really a good place to be in to understand that the
10:14
world Reserve currency seems to be failing and they don't know
10:17
what they're doing over there. They're just chicken with heads
10:20
cut off but on a you know Brighter Side to make a point of
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the Sailor clip. It's Ford to see Bitcoin pleb
10:30
culture going mainstream and sailor on CNBC talking about
10:34
Bitcoin being on sale and that this is an opportunity to be
10:37
buying Bitcoins. So the signal still getting out
10:40
there and it's just beautiful to know that we are still on the
10:44
right path and guys just continue stacking and this is
10:48
the generational wealth dip. You've been looking for so we
10:51
get cheap sets and let's just see and you know hopefully see
10:57
the FED figure it out. But we got Bitcoins then over
10:59
here. So it doesn't really matter.
11:01
Continue living and we will be okay.
11:03
Bitcoin is the life raft. Yes, and so I just wanted to
11:08
jump in there. Something that sailor said, you
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know, sailor was talking about how like Tasha.
11:17
I literally just pulling down on it.
11:20
It was like he was talking about how it just the best performing
11:24
compared to all the other assets is that.
11:26
Oh yeah, yeah. So one of the things about
11:29
Bitcoin in the monetary policy is like Parker Lewis.
11:33
Puts it really good and he said something along the lines of
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when Bitcoin is crashing, you got to ask yourself.
11:41
Well, did they increase the 21 million Supply cap though?
11:45
They didn't, then you're good. Keep stacking because the price
11:49
going down is just a reaction that participants in the market,
11:52
you know, doing whatever they may be doing.
11:55
And in this case lately it's been the Luna and Celsius Ponzi
12:00
schemes. Collapsing crashing the price.
12:02
I mean I'm sure we'd still be going down either way with that
12:04
boasts do happening, but I just like to see Bitcoins price as
12:09
every people's like everyday people's reactions to the
12:12
market, and then the monetary policy is just sound.
12:15
And, you know, Blocks continue to still come in.
12:18
Absolutely, I think you hit the nail on the head, right?
12:21
The the supply doesn't change, right?
12:23
The monetary policy, we know it's set in stone.
12:27
Roughly twenty twenty four is going to be the next having,
12:30
right. So yeah the the short-term price
12:33
action is definitely exchanges or not exchange.
12:36
Easy shit. Coin.
12:37
D five platforms collapsing. Which in my opinion, I think is
12:40
a good thing and just a lot of fear, a lot of people are
12:44
freaked out, right? But I think, you know, Bitcoin,
12:47
definitely wins at the end and I'm sure we'll be laughing a
12:51
couple of years from now. But anyways Opti it's time for
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All right, so Nick was absolutely right when he was
13:21
talking about in the beginning that people are waking up.
13:26
This isn't exactly a Biden voter.
13:28
This is a pretty predominant, he has 1.8 million followers,
13:33
predominant, conservative journalist, conservative
13:36
commentator, conservative Twitter personality, I guess.
13:41
And he's starting to pick up on the things that us bitcoiners
13:44
have been screaming of off from the roof.
13:46
Top what I was saying in the beginning of the show that the
13:50
FED has failed and its mandate. And it's actually really
13:54
interesting because this video that I'm going to play for you
13:56
guys came out last night and it was before the show that we had
14:02
before the simply Bitcoin show and we actually had it with P
14:05
yesterday. Anyways, let's check out what he
14:08
has to say. This is human events daily, it's
14:10
his show. No play like a 23 minute, click
14:13
clip and you're going to see it's exactly Actly.
14:17
What bitcoiners are advocating for.
14:19
But unlike him and I'm like, Ron Paul and I love Ron Paul.
14:23
I think bitcoiners actually have a solution to this.
14:26
Anyways let's check out what Jack has to say, Vanguard the
14:30
people at the top. We're getting rich and then it
14:33
trickled down to the rest of their buddies.
14:37
How through the ESG corporate social credit score system?
14:42
That's where the money printing went.
14:45
So I've seen some people To blame this, the inflation on the
14:48
stimulus checks. I'm like, that was like a
14:50
thimble, that's a drop of water in the ocean compared to the
14:55
amount of money that was being printed and handed out to their
14:57
buddies on Wall Street. And guess what?
15:01
Now it's time to pay the piper and so it's expected in.
15:05
This is how to Bloomberg by the way.
15:07
To Bloomberg, has it up that fed chairman Powell is going to be
15:11
speaking tomorrow and what's he saying?
15:14
A potential a potential interest.
15:16
Rate Futures are signaling Ace. 100 75 basis points of
15:22
tightening through September implying.
15:24
A 75 basis point increase in the interest rates.
15:28
At one of the next three fed meanings.
15:32
What is that meetings? What does that mean?
15:34
Recession is potentially in the cards and that's the Bloomberg
15:38
headline. Look Powell facing choice
15:40
between elevated US, inflation and recession.
15:43
And of course they're painting him in in the, you know, he's
15:45
like Paul volcker. In there, you know, he's, you
15:48
know, lying, a towering figure of the FED, cut the crap.
15:52
The FED is the organization that did this in the first.
15:56
I guess what? The Ron Paul was right about the
16:00
FED. All right, audit the fed.
16:03
And then eventually we need to get to the point where we End
16:06
the Fed. So again, the normies, right,
16:10
the non bitcoiners are starting to wake up to the problem and
16:14
the legendary Ron Paul that I know Nick Likes very much was
16:18
the first to point this out actually posted a video today on
16:21
my Twitter about Ron Paul talking about all of the, all of
16:26
the consequences of this magic money came in coming out of
16:30
nowhere, right? This magic Fiat money that
16:34
they're just printing and what the consequences of that would
16:37
be on the global economy. And how that Miss aligns the
16:42
incentives of politicians not to be conservative.
16:46
If with the money Sprint, the money spending because they know
16:50
they don't have to raise taxes. They could just rely on this
16:54
money printer to fun Wars, to fund social programs that we
16:58
cannot afford. And this is exactly where we are
17:01
today now the signal, because that's what we like to bring to
17:05
you guys is the fact that this is a non Bitcoin, er, a very
17:10
predominant conservative journalist, right?
17:12
That has a big following and he's coming to the conclusion
17:17
that holy crap. This is a bad system, guys.
17:22
Mark my words. It is inevitable for him and you
17:27
know his his following to run into Bitcoin.
17:30
It's just a matter of time. Bitcoin is the solution.
17:35
It is the alternative to the central banking system and let's
17:39
let's let's not be let's not rely on the heavy hand of
17:43
government and coercion. Okay, let's just make an
17:45
argument. Let's just say Why don't we just
17:47
have the free market? Let's have the central banking
17:50
system and let's have Bitcoin and make both of them legal
17:53
tender. And let's see who wins.
17:55
That's what I'm advocating for it.
17:56
Let's not shut it down. Let's fuck.
17:58
Government coercion. Fuck regulation.
18:00
F that shit. I don't like, I'm not a fan of
18:03
it. Let's just see who wins in the
18:05
free market. We know who's gonna win, which
18:07
is why? All these Central Bankers are
18:10
shitting their pants, which is why you have.
18:12
Christine Lagarde saying the things that she's saying,
18:14
because she knows that she can He can't win a free market
18:18
competition. So they have to rely on
18:20
government coercion to get their way.
18:21
It's not going to work. Bitcoin is an end of it in an
18:27
inevitability coerce. Sorry incentives are stronger
18:32
than coercion period and that's why Bitcoin will win at the end
18:36
even in communist China, right? Where they have the most
18:40
totalitarian laws. There's the Supreme Court of
18:42
China came out. They said it was a 250 thousand
18:45
dollar fine. In 10 years, in prison, if you
18:48
get caught using crypto currencies, right to use their
18:51
words or to use the Articles words, it's estimated that 10%
18:54
of the hash rate is still located in China.
18:57
Why? Because again, the profit
18:59
incentives and the incentives of a deflationary currency that has
19:03
a cap Supply are always going to be inflationary Fiat, come
19:08
currencies, that governments provide right and I'll end the
19:12
only way for them to stomp out. The competition is through
19:15
coercion and snot. Going to work, right?
19:17
Anyways. Nick am I crazy.
19:20
What are your thoughts on this brother?
19:21
I thought it was crazy man. When I, when I was list I was
19:24
listening to that podcast yesterday.
19:25
Coincidentally I was like, oh let me check this out because I
19:28
saw it in his timeline and then out of the blue, he's like,
19:31
let's End the Fed. I'm like dude, this guy's a
19:32
Bitcoin or doesn't even know it yet.
19:35
Mmm. Yeah, I'm a bit.
19:36
I'm a fan of Jack. I've never listen to his podcast
19:39
though. I just love this Twitter and I
19:42
got intrigued when I saw that the world economic Forum police,
19:46
Yeah, like that's a real thing. The world economic Forum,
19:49
please. We cut.
19:50
We covered that on the show with the patch with the fucking the
19:53
demon horns. On the thing is crazy.
19:56
Rose nuts. Yeah.
19:57
And they arrested him at the event and Switzerland, it's just
20:01
crazy to me, but edges with when the government and the FED can
20:08
print unlimited money. Now, for the past, you know,
20:11
however many years. They've just all been high on
20:14
easy money. And like you said, they don't
20:16
Have to tax anyone to fund anything because I can just
20:19
print anything for, you know, any anything they want.
20:23
Like for example, it was reported that Biden was sending
20:26
like even more money to Ukraine like no, no American, or at
20:31
least a very the majority of Americans do not give a fuck
20:36
about that. Like that.
20:37
No one wants to send more money, more supplies, more, anything
20:40
that Ukraine. And the only way they can do
20:43
that is by printing more money. And one of the things I really
20:46
enjoy, is me, is that like With Bitcoin.
20:50
If you want to meant more Bitcoin you can just start
20:54
mining. I mean that's easier said than
20:56
done because you know this is costly to go find the right
20:58
equipment. You know, place you know,
21:00
electricity yada yada yada. But if you wanted to, you could
21:04
mine your own Bitcoin, you can meant new currency.
21:08
If you were to make a fake US dollar and try and spend it, you
21:13
would end up in prison and they would find you a large amount of
21:17
money. But the Fed can print unlimited
21:20
amounts of money and they can spend it on whatever the fuck
21:23
they want. No matter how much you disagree
21:26
with it, it's just such a one-sided system.
21:29
I don't like it at all and it's, you know, Bitcoin is
21:34
incompatible with Communism. Communism, needs a central bank.
21:39
If you look at Jack Percy bows, Twitter bio, it says Communism
21:43
disrespect. ER, he is like in Prime position
21:47
to and all of it he gets great engagement, he gets insane
21:51
engagement on Twitter, if he started promoting and endorsing
21:54
Bitcoin, Why he would on board a whole new wave of people who
21:59
would real, he would realize, it's understanding for money
22:03
separate from State. Not just something that they
22:05
want to buy and, you know, hope to get rich from.
22:08
These are the hardcore conservatives who are going to
22:11
buy because they want to End the Fed.
22:13
They want to end the state, they want to, you know be able to
22:17
donate money to stuff that they want and things they believe in
22:20
without getting their bank account, shut down.
22:23
They this is going to empower a whole a group of people who have
22:27
really been silenced these past few years and really beaten down
22:30
by the mainstream media and government and select
22:34
politicians. And it's going to I've been
22:37
saying this for a while it's really going to swing the
22:39
pendulum back the other way and things are really going to turn
22:43
around and one more point is it reminds me like I remember a few
22:48
years ago, I was watching a video of Peter Schiff when he
22:52
went down when a bunch of people were Protesting Wall Street
22:57
saying, oh wall Street's fucking us over and stuff and yummy.
23:02
Yeah, they probably were a little bit but like the whole
23:04
point shift was making is that he was like, no turn around and
23:08
walk to that building. The Federal Reserve is right
23:11
over there. That is the those are the Pete.
23:14
You're barking up the wrong tree.
23:15
Like those are the people, you need to be, you know, protesting
23:19
and like these people were just so mad and so enraged that they
23:23
just like they couldn't, it wouldn't click for them.
23:25
They didn't want to believe that, but it's really good.
23:30
You know, many years later seeing people actually wake up
23:32
and start to realize, hey, if we're playing by these peoples
23:39
monetary system, they can control everything we do.
23:42
So we need to break free. That's the tragedy, right?
23:45
The tragedy is that. I think especially the younger
23:48
generation, right, the millennial in the Zoomer
23:52
generation, they got so effed by the system.
23:56
That they inherently know, something's wrong.
23:59
But with the Occupy Wall Street movement, right is more
24:02
left-leaning movement there there were, they get it wrong?
24:06
Is that they think the economic system is broken, right?
24:09
They think capitalism has failed.
24:12
We're we don't have Capital as we have crony capitalism, okay?
24:16
And that's the tragedy of it and what they they what they're
24:19
asking for is socialism and they don't know what it is, they're
24:23
asking for because America really never had that.
24:25
Right? So that's that's the really
24:28
messed up part, is that they're right and thinking that
24:31
something is inherently wrong, but where they get it wrong, is
24:34
it's like, oh, it's capitalism, it's been fucking us over.
24:37
No, it's crony capitalism. It's the system where the
24:41
federal government could print as much money as they like, they
24:44
give it to their friends, right? They give it to the top, the
24:47
wealthy, they benefit from it. The most they benefit from asset
24:51
inflation. And the lower middle classes
24:53
that don't have the wealth and they don't have the means To
24:56
save in in hard at in in real estate and equities and all that
25:01
stuff. They're stuck holding cash, they
25:03
get poor and their rightly there I give them the right where they
25:09
are right in the sense that they know something's up but they
25:13
they're looking at the wrong solution so I agree with you
25:16
Nick, I hope that Jack wakes up. Eventually one thing is saying
25:21
and the fed and one thing is providing an alternative
25:24
solution, I think. Gone is the better alternative
25:28
solution. Anyways, Opti.
25:29
What are your thoughts on this brother?
25:31
Well, you just laid it out perfectly.
25:35
You know, the problem is simple and it they can't hide the truth
25:39
very much longer and the problem is printing money and you know
25:43
for problems that are basically imaginary.
25:46
So Nico laid it out for you perfectly.
25:48
But I do want to make a point that again.
25:51
Guys, this is Bitcoin pleb culture going mainstream, it's
25:54
only a matter of time. Until everyone figures out that
25:58
the simplest answer to the problem is Bitcoin and the fact
26:03
that the government has called and caused inflation.
26:05
And it is out of control and they can't do anything to fix
26:08
it. So it's only a matter of time
26:09
until the normies figure this out.
26:11
And so this is what we do, make sure that the signals as clear
26:15
as possible and that people understand this message.
26:17
So here we are. You guys laid it out?
26:19
Perfectly boom. All right, so Nick brought
26:23
something up about Banks being And we've made the case on this
26:28
show many times and we've made the case in the very simple
26:30
case. We said in the future, you're
26:32
going to have a choice between CB DC, Central Bank, digital
26:36
currencies and Bitcoin one is freedom.
26:39
One is slavery and those conspiracy theories that we are
26:43
called conspiracy theorist for saying that those cbc's would be
26:47
used against you and it would be a method for the government to
26:51
control you. Well, guess what happened?
26:53
June 14th. That's Oddly, what happened?
26:56
Of course happened in China. China Bank protest, stomped
27:00
stopped by Health codes, turning red depositor, say now if you
27:05
want to know why Bitcoin was banned in China, you want to
27:09
know why they want to ban Bitcoin?
27:11
It's because Bitcoin doesn't give them the ability to do
27:15
this. That's why.
27:17
Anyways, check out the article a protest plan by hundreds of
27:20
bank, depositors and Central China seeking access to their
27:23
Frozen funds has been thwarted because the Ortiz have turned
27:26
their health codes. Read several depositors told
27:29
Reuters. The depositors were planning to
27:31
travel to the central province of henan.
27:34
This week from across China to protest against an almost two
27:37
month block on accessing. At least a hundred and seventy
27:40
eight million dollars of deposits, which has left
27:43
companies. Unable to pay workers
27:44
individuals unable to access savings, right groups have
27:48
warmed China, cos use its vast virus surveillance
27:52
infrastructure to stifle dissent with Out a green code on their
27:57
smartphone citizens, lose access to public, transport and spaces
28:02
such as restaurants, and malls, as well as the right to travel
28:06
across the country. They are putting digital
28:09
handcuffs on us. This is the social credit system
28:13
and this is the system that they want to bring to the West.
28:18
You don't believe me half of it is already here.
28:21
Anyways, let's get to it, this is true.
28:24
Do you guys remember? The Canadian trucker protest.
28:27
In fact, we had one of the one of the one of the organizers on
28:30
the show, The Trudeau vows to freeze anti mandate protesters
28:34
bank accounts. What does that sound like to
28:36
you? What does that sound like to
28:38
you? What does that sound like to?
28:40
You sounds like China to me. Anyways, with no need for court
28:47
orders. Banks can freeze personal
28:49
accounts of anyone linked with the protest.
28:53
If you do something, the government doesn't like Like you
28:56
can't access your money anyways. It's kind of a conspiracy
29:00
because you would say Hey, you know, but how is this connecting
29:02
with China? You sure Western leaders have
29:05
fallen in love with the China model and they're in.
29:08
They're in the process of trying to implement in the west.
29:11
This is from fifty.org, Justin. Trudeau said, he admired China's
29:15
dictatorship, Canadians should have believed him, I think is
29:18
absolutely right. This is a quote, there's a level
29:23
of admiration. I actually have for Because
29:26
their dictatorship is allowing is allowing them to actually
29:30
turn their economy around on a dime and say, we need to go, we
29:34
need to go green, we need to start you know, investing in
29:37
solar Justin Trudeau. Told the group of women, there
29:40
is a flexibility that I know stuff on Harper must dream about
29:44
having a dictatorship where you can do whatever you wanted that,
29:48
I find quite interesting and you want to go into the how
29:53
dystopian this is. This is John Mueller.
29:55
Litter. And he tweeted this, right?
29:58
He tweeted the same quote. All right, so this is, this is
30:00
also happening in the US. This is daily mail.com by by
30:04
Bank of America outrage, customers boycott firm.
30:08
As it's revealed. The bank snooped, through
30:10
hundreds, of innocent people's accounts looking for Capital
30:14
riders for the feds. So who else is doing it, right?
30:18
So it's already happening in the u.s. right?
30:20
Check how crazy this is customers confirmed as
30:23
transacting either through bank account debit, Hard or credit
30:26
card purchases in Washington, d.c. between January 5th,
30:29
January 6, purchases made for hotel Airbnb RSVPs.
30:33
So, check this out from the 211 people.
30:36
The bank turned over one was interviewed by law enforcement
30:39
and no one was arrested. The bank has not confirmed how
30:43
many accounts it went through to produce the 211 to turn over,
30:47
nor has it confirmed, whether it was compelled by subpoena or
30:51
search warrant to hand over the information.
30:53
Now, imagine a I'll Bank digital currencies where they don't have
30:58
to subpoena anybody, the, the government controls it
31:02
themselves. This is coming to the West, it's
31:05
inevitable. And the famous saying with
31:08
absolute power, absolute power corrupts.
31:11
Absolutely. Right.
31:13
So imagine trusting a government, right?
31:17
And I'm not trying to justify the protest.
31:19
I'm not going to take a political stance, but what we
31:22
believe as bitcoiners right? Is that nope.
31:25
Person institution should have the power to get to decide who
31:31
can use money and who cannot use money.
31:34
And that's exactly what Central Bank, digital currencies are
31:38
going to enable. And this is why Bitcoin is so
31:43
important. Because even if your worst enemy
31:47
wanted to cut you off, they literally could not and we
31:51
believe that the world will be a much better place for it.
31:55
It wake up. No.
31:57
What? What part of the movie when this
31:59
is gonna get crazy? This is not going away.
32:02
In five years, things are going to be a whole lot worse than
32:06
they are now. And imagine if they get away
32:09
with implementing that CB DC and they won't even need to go to
32:13
the bank, they'll just shut, they'll just freeze it as is and
32:17
you'll be stuck in that unfortunate position that those
32:20
Chinese citizens are in for protesting the lockdowns.
32:24
Anyways, Nick, what are Thoughts on this?
32:27
Yeah, the the capital required. The capital riding thing is
32:31
crazy to me because I grew up near d.c. and during the 2020
32:36
election, I was obviously heavily against what was
32:41
happening. I, my personal opinion, is that
32:43
the election was stolen, and if I was still living in DC, I mean
32:49
your DC. I had moved earlier that year,
32:51
but if I was still living there, I 1000% would have gone.
32:55
I I mean, I would have had a fucking blast doing it too.
32:58
And I just know, my bank account Wells Fargo.
33:02
What about absolutely shut me down.
33:03
They would have turned me over like, you know, like that they
33:06
would have had no problem doing it.
33:08
They were to close my bank account, and I'm actually seeing
33:10
it as a blessing in disguise now that I wasn't there.
33:13
So I didn't, you know, get caught up in any of that mess.
33:16
But it just has me thinking, like, you know, growing up.
33:21
I was always told that, like, America's the land of the free
33:24
and we always have it really good.
33:25
Here and we can, you know, we can grow up and do whatever we
33:28
want. And I remember seeing honest
33:31
osteon on Twitter, the other day, she tweeted out how she
33:34
got. She's now a US citizen and one
33:37
of the little things they gave or said, oh, you now have the
33:41
right to, you know, pursue you know, be free and pursue
33:45
happiness and all this stuff and I'm just thinking, like that is
33:48
just word salad that they're talk telling people, because if
33:52
you do something, they don't like don't try and stomp you out
33:55
and It really worries me because I'm thinking about my future and
33:59
where I want to be. I have my own personal goals
34:02
that I want to hit like a wit like not financially, but just
34:05
other stuff in my personal life and I always think about like 10
34:09
years from now. When I have a wife and kids, if
34:13
I don't fight for my freedoms now and do and set myself up
34:17
now, then my kids will never know the freedoms.
34:20
I once had when I was a kid and even now growing up and it's
34:24
really made me. Lies, the importance of living
34:27
in a place that values freedom and you know, just setting
34:30
myself up with friends and other people.
34:33
Even people, I'm not friends with just a good Community
34:36
around me. That's, you know also supports
34:38
freedom because if you lived in New Zealand, Australia, Canada.
34:45
I mean, you're just born there and grew up there.
34:48
Covid happens. After government's go
34:51
authoritarianism, you're fucked. A lot of people got really
34:54
fucked over. Through no fault of their own.
34:57
And I don't want to be back. I don't want to be living in
35:01
that type of country. And then when you say it's
35:04
coming to America, there are absolutely politicians and
35:08
people in power who love the China model.
35:11
I mean, Ray dalio and Charlie Munger or absolutely obsessed
35:15
with it. They're constantly praising.
35:16
China saying. The United States needs to be
35:19
way more like China and and you know that really appeals to
35:23
these younger kids, you know, I'm To and and gen Z.
35:27
And it's like, I don't know, I look around at other kids and
35:31
I'm like, I'm thinking like you guys already own nothing and
35:34
you're not happy, like you need to start getting assets.
35:37
You need to start having something to defend and
35:40
something to live for because Right now, you don't own
35:44
anything. You don't give a shit about
35:46
life. You're just letting other people
35:47
control you and then you get jealous when other people have
35:50
nice stuff. It's like other.
35:53
I don't know, the, I think the only way out of it is that other
35:55
people in the younger Generations, need to be held to
35:58
a higher standard. They need to begin acquiring
36:02
assets and building a good life for themselves.
36:04
And that's the only way we're going to turn the ship around
36:06
because All this China stuff really appeals to the younger
36:10
kids. And I really do not want to go
36:12
down that route. Yeah, that's the whole tragedy
36:16
of it because these younger kids are like, do their disillusioned
36:19
with capitalism, but it's like, it's not capitalism.
36:22
It's crony capitalism, man. But yeah, it's very unfortunate.
36:27
I think it's definitely going to be an uphill battle.
36:30
Now, in terms of, you know, what happened in the protest, look,
36:34
you're the right to protest is guaranteed in the US.
36:38
Send out the right to do violence and all that is not,
36:41
you're allowed to have an opinion, you're allowed to write
36:44
and the double standard is crazy, because when the BLM
36:49
protests happened, they burnt down cities caused billions of
36:53
dollars of damage. Now, if you compare that with
36:57
the January 6, and again, I'm not taking opinion on this, the
36:59
January 6th protest, right? Look whether you believe it's an
37:04
Insurrection, whether you believe is a protest because
37:06
something fishing happened in the election.
37:08
Action. You can't deny the fact that the
37:10
BLM protests were a lot more damaging than the protest at the
37:15
Capitol, okay, you can't deny that, but the double standard is
37:19
there now, why is that? Because the BLM protests were
37:23
were burning down small businesses.
37:25
Small businesses are terrible for the government, right?
37:28
So what's good for big government was allowed to happen
37:32
and what's bad for big government was stomped out and
37:34
this wasn't only in the United States and Canada.
37:37
The same thing. Those protesters were peaceful.
37:39
They were in bouncy castles and they were treated like
37:42
terrorists, but the BLM protests were.
37:45
They burnt down cities peaceful protesters double standard.
37:51
This is why Bitcoin is important.
37:54
Anyways Opti, what's up? Wait, before I before, I forget
37:57
this, I mean, antifa and bln. Literally killed people and
38:02
their protests. And then the few that were taken
38:05
to jail, come all the hair is literally the Vice President of
38:08
the United States. Bailed them out of jail, so they
38:11
could go continue, you know, doing Carnage, they bust and
38:16
flew people in the cities to do these this destruction because
38:21
it was for big government. So anything goes and you kind of
38:24
you really start to realize. Once you see all this stuff
38:27
happening is that there are no rules and I kind of like to
38:31
think of it like we're all just on planet Earth.
38:34
And right now like there are a group of people Who are
38:39
desperate to control you? They you were not born into this
38:42
world with a right? I mean with them, having a right
38:46
over you saying that, they get to control everything you do,
38:49
these are just normal everyday people.
38:52
A lot of them went to high school, middle school, they
38:54
played Sports, just like all of us, you know, they have their
38:58
own personal, you know, you know, I mean, they're humans at
39:01
the end of the day and they're doing this stuff for total
39:04
control, total power, and all this stuff.
39:06
And I just think it's so fun. Fucked up how they're able to
39:09
control and manipulate people through the media to side with
39:14
one group of people who are doing terrible stuff and then
39:18
brainwash them in this and trick people into saying, hey these
39:22
people over here that are fighting for Freedom.
39:25
Oh, that's just so that's a right-wing extremists were and
39:28
so you got to hate them and it's just it's so crazy to me.
39:32
It's free me rights Framing and this is why Bitcoin is so
39:36
important. Like this is literally Why it's
39:38
so important because even if you know, they wanted to freeze and
39:42
they wanted to stop you Bitcoin allows you and let's let's take
39:46
out the west side of the equation.
39:47
It's giving Cubans if candidates given Afghan he's right.
39:50
It's giving the Kingdom of Tonga that got hit by a volcano.
39:53
Bitcoin. Is there Bitcoin is their
39:55
Bitcoins, always there. This is why it's so important.
39:59
Anyways Opti. What are your thoughts on this
40:00
brother? Well, what a dystopian Nightmare
40:05
and people say that this can't Happen in the west but it is and
40:10
it's just wow it just, it blows my mind, but this is why we
40:14
Bitcoin. This is why you self custody
40:17
Bitcoin is the exit door, Bitcoin causes the Consciousness
40:20
change, we need on planet Earth to make this happen.
40:24
So guys, you know, Bitcoin is a true north and Bitcoin is the
40:28
peaceful Revolution. So we just got to spread this
40:30
message more to more people and, you know, free people from The
40:34
Matrix because that's what we're doing here.
40:36
People just don't know. It's going on around them and we
40:40
do so it's upon us to spread this message and if you're here
40:43
right now, you know, where the front rows and and it's
40:46
beautiful for us to be here and see this right now and be a part
40:50
of this peaceful Revolution that is changing the globe as we
40:53
speak. So several lining in there guys
40:56
off the Miss fields for a reason we're out here winning guys.
41:00
Oh yeah. And you know, you guys know the
41:03
political stance that we take on the show.
41:05
We don't lean left. We'd only right.
41:07
Well we Stand for is freedom and the freedom of the individual to
41:11
make his or her choice over their life.
41:14
And we are very against anybody who is against freedom, because
41:18
if you're against Freedom, you're against Bitcoin, that's
41:20
that's how it works. But anyways Opti it's time for
41:23
the daily meme, review brought to you by Citadel 21.
41:28
It's the best Bitcoin cultural Zine its stories articles Comics
41:33
by plebs. An actual bitcoiners.
41:34
This is the artwork for volume to.
41:36
This is the artwork for You intend as artwork for volume 11,
41:40
it just dropped and they're scarce, is only 1000 physical
41:43
copies made per volume. Get your prints of Citadel 21
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today before they run out. Alright, everybody, first meme
41:49
is brought To Us by Eric can't meme some guy criticize Bitcoin,
41:54
Bitcoin, Twitter doesn't understand, fractions, CFA and
41:57
by. Oh oh man, all right.
42:01
Moving on, the next one, Captain Bitcoin.
42:04
It's okay to be a bit koiner taking his own way.
42:08
I Like It by Jose and this is dude they Nick.
42:12
Check this out. Your the Twitter guy for Bitcoin
42:15
mag. Look at that engagement, bro.
42:19
Star bitch it's garbage. They have six hundred, eighty
42:23
four thousand followers and they get 7D likes.
42:27
I bet you the majority of these are fake.
42:30
Who the fuck follows essential Bank?
42:34
Anyways you want Financial inclusion, privacy sound money,
42:38
we want power and control. That's hilarious.
42:40
All right, moving on next one by Rasmus, could it be that free
42:44
market? Economists were right all along
42:45
about inflation. No, it must be that.
42:48
CEO suddenly turned greedy dude they're crazy man.
42:52
Okay by recycling guy crypto Traders bitcoiners absolutely
42:56
true DC a dollar cost average hot oil and you'll see this bear
43:00
Market will be a breeze. When you start a revolution over
43:03
a 2% tax and now you see the population being taxed 37%
43:07
George Washington for a fact would be a bit cleaner.
43:11
He hated Fiat money. There is no second best.
43:13
The Fiat system has you is from the new stranger.
43:16
Kids, stranger kids house. Stranger things season.
43:20
I know Bitcoin. Now, moving on the legendary Rd
43:25
inflation defeated. Let's check it out.
43:29
There's no sound enter basis point increase.
43:33
Yes, inflation defeated. It's so true man.
43:37
And I bet you he uses a computer like that, dude, like it's so
43:40
archaic the system. Anyways, for those awesome
43:44
awesome memes. I'm going to I don't have a
43:47
score. So Nick why don't you go first?
43:50
Yeah, I like those memes are pretty good so I'm going to give
43:53
it a Ritz. Peanut butter crackers delicious
43:58
anyways See, what would you give those memes?
44:01
That sounds really good and like, all right, I got this
44:05
earpod, but I got this really cool little bit coin.
44:09
Sticker on it. Very cool.
44:11
All right. For those means, I'm going to
44:12
give it this red Xbox controller.
44:16
Anyways, guys, we want to know. If you agree with our scores,
44:18
you disagree, let us know down in the comment section.
44:21
Comment. Comment, comment comment.
44:22
Make sure to subscribe to us on alternative video platforms
44:26
because we do talk shit about the world economic Forum.
44:28
Like, Rumble.com. And our personal favorite
44:30
Bitcoin tv.com. They don't censor their because
44:33
it's Bitcoin TV and join our awesome telegram group.
44:36
It's a party in there. Join it links down below.
44:39
Anyways Opti is time for the daily fail brought to you by
44:43
Swan. Check them out Swan Bitcoin.com.
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That's right. It's the best way to build your
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Fellow plebs. Check them out.
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They're gonna have a nap soon. The link is down below.
45:03
All right, what's up guys? It's Optimus I'm here filling in
45:06
for Phil on The Daily fail so let's just get into it.
45:11
So first off this fell is continuing on the Celsius theme
45:17
but it's going to kind of be a fail within a fail.
45:21
So imagine an insolvent company that you can't withdraw your
45:25
money from asking you to send them.
45:27
More money, literally, Defies logic, so you may be asking
45:31
yourself the question. Why would they not let you pay
45:33
off the loan with money /, crypto / tables that are already
45:37
in your account? Great question.
45:39
It's because they are totally insolvent the money that shows
45:42
in our account isn't actually there.
45:44
That's only or that's the only reason we can't use it.
45:47
It's not there. And these idiots have the
45:48
audacity to think that we are going to send more.
45:51
This is a pure scam to try to bring in fresh money from users
45:55
to pay off loans. Remember yesterday when It was
45:59
connecting Celsius with bit connect well, with Sunday's
46:03
episode Sunday. Excuse me all the days in
46:05
Bitcoin time Nica. All right, so as they head
46:09
towards bankruptcy, make no mistake about it.
46:12
It's at this point now that I see their game, it's only a
46:14
matter of time until they get liquidated their liquidation
46:17
prices at sixteen point five k and that's coming and they know
46:21
it as they get closer, they're pulling out all the stops.
46:25
Does this sound familiar holding people's money hostage?
46:28
Well, Well, it should because this is the most common scam for
46:31
petty hackers /. Fisher's, let's see how it
46:34
works. Someone says there are an expert
46:36
and they can give a new investor big daily Returns on a small
46:39
investment. So the victim gets tricked and
46:41
sends a scammer money. This in this scenario thousand
46:44
dollars next. The scammer has the victim,
46:46
create an account on what is basically a fake trading
46:48
platform. The website looks like a regular
46:50
platform but it's just code, there's actually nothing backing
46:54
the platform, but the website code shows the victims accounts
46:57
in quote unquote, real Time and as the victims account grows,
47:02
there's no money in there but the victim gets attached to the
47:06
idea of him making money that one thousand dollars goes to a
47:09
thousand dollars. So these people as he's saying,
47:12
have real goals for this money and the victim gets attached to
47:15
this money. But as you see, the victim is
47:17
told they can pull off their money Anytime by paying a fee of
47:21
five thousand dollars which hurts, but it's remember to get
47:24
that hundred thousand dollars back.
47:26
So from $1000, to 100,000, Dollars out of five thousand
47:30
dollars p6k for 100,000 K looks good and that's how they bleed.
47:35
Their victims dry by squeezing fee, after fee until the victim
47:39
realizes they have been scammed and B boy, realizes that.
47:45
Today, I'm the victim of this scam.
47:47
I'm kicking myself for this. He's not a victim of shit.
47:51
This is this way, this is fucking cop out for Shilling
47:55
this garbage gyro and then look and he I was into well I guess
48:00
Celsius is being responsible. Eventually learn people's.
48:04
Alright anyways, let's go into. This is this is happened at it
48:08
was like 5:30 this morning. 10 minutes later.
48:12
He's a saying someone comments. I think they knew and he says
48:16
let me guarantee you this when regular crypto folks were on
48:18
Twitter started when regular crypto folks on Twitter started
48:22
slowly tweeting about Celsius insolvency over last few months
48:25
the company itself already knew so Ember, when Cory was starting
48:30
Chaos on Twitter that was a couple of weeks ago, guys.
48:34
So again these people know what's going on behind the
48:37
scenes and we can we can show you some of the mental
48:40
gymnastics are doing. But again, he's going to sue
48:43
them and then you can see here. There's this common, he's trying
48:48
to dunk on him. He says, if you have under 25k,
48:51
you can get your money on. He goes, great advice for a
48:53
little guppies so you can tell he got super wrapped in this,
48:57
and I'm pretty sure I And check this channel but I can almost
49:00
guarantee you that he was Schilling it and like Nicholas
49:04
saying this is him his way of less Saving Face but I saw this
49:08
extra failed just to add on to this Veil.
49:11
This is coming from the Celsius community so Brian over here at
49:16
coin colleges jumped into one of the Celsius spaces and just look
49:19
at some of the mental gymnastics are doing here.
49:22
They're literally doing the bit connect.
49:24
What's his name? Trevor?
49:26
Whatever like you lost your money?
49:28
Well, you didn't. Really losing money but
49:30
technically you lost your money. So these are some clothes.
49:33
You may have to wait two to three years but our money is not
49:35
gone. Maybe you're just take a 50%
49:38
haircut but you'll eventually get your money back, guys.
49:41
This is the people on stage in these spaces trying to col their
49:45
Community because they know their wrecked.
49:48
Let's see. This one is really funny, right
49:50
here. There is 1.
49:51
So the Ponzi scheme, that is Celsius, is being compared to
49:55
apple and Tesla. And then, furthermore, Corey was
49:58
being blamed For the cause of Celsius insolvency and guys, we
50:04
know on the back end that these are all features and not bugs,
50:09
they knew exactly what they were doing beforehand.
50:12
And these crypto influencers Shield is garbage to you guys
50:15
and most likely got paid on the back end.
50:19
And now they're doing these Twitter threads to try to make
50:23
themselves look like victims in, like they got, you know, caught
50:27
up in the hype and the the R casualty in the crypto winter,
50:30
markets, and will tell you again.
50:33
Guys, I don't want to be the guy that's saying, you know, pushing
50:36
people while they're down. But this is a learning moment,
50:38
guys, don't over-leveraged yourself.
50:40
Stay humble, stack sides because you never know when this is
50:43
going to happen, guys. The market can fall out on you
50:45
and you don't want to have your life savings on one of these
50:49
ridiculous lending platforms. Anyways, Anika jump in here.
50:52
Any more thoughts? Yeah, first of all, Round of
50:56
Applause for Opti. He's finding his voice.
50:58
He's Getting better every single time, great stuff.
51:02
Dude. Yeah, so we were covering, we've
51:05
been on top of Bitcoin, bit boy, crypto for more, I would say
51:09
eight months. Now, every time we post a video
51:13
are usually are like, dislike ratio is above 90%.
51:18
But when we do the B, boy, criticism videos, it drops down
51:21
to 85. Because there's always a couple
51:24
people in the comments that are, you know, going to his rescue.
51:28
You don't need a rescue. This guy.
51:29
Okay, he's very wealthy. He has over a million
51:32
subscribers on YouTube, okay? And he scammed you, okay, this
51:35
is what happened and now he's trying to save face, okay?
51:38
He showed you Celsius, he showed you their products because they
51:41
paid him and now that they're a scam, he's trying to cover his
51:44
tracks. Okay, this is why we only
51:48
Bitcoin. This is why this show six the
51:50
Bitcoin. We'd have a lot more subscribers
51:52
and we'd make a lot more money if we sold our souls, right?
51:55
And we promise to you from day one, that we would stick to only
51:59
And this is why right during the bull markets, everyone's having
52:02
fun buying monkey jpegs. Okay.
52:04
But when the bear Market comes and push comes to shove, you
52:08
better hope your in Bitcoin, right?
52:10
Because it's the only thing that will survive the to the next
52:13
Bull Run. And then you'll see new and
52:15
better. All coins will come up and they
52:18
will replace the ones in the top, 10% the top 10.
52:20
If you don't believe me, go to coin market cap, and look at the
52:23
Historical top 10 cryptos and go year by year.
52:27
You'll see it changes every single time and this bear Market
52:31
is no different, but The awesome part about this is that through
52:36
this pain, a lot of people will learn their lesson and they'll
52:40
find the true king, they'll find the truth and that is Bitcoin.
52:43
Stay away from people, that pedal shit coins.
52:48
The incentives are not aligned. And one last comment before I
52:52
pass it on to Nick. It's funny because Celsius and
52:56
the whole collapse is doing exactly the same thing that the
52:59
banking system does they over-leveraged everyone wants to
53:04
win. All their money and there's a
53:06
bank run, that's exactly what happened in the 1930s.
53:10
That's literally what happens, Bitcoin fixes this because you
53:13
take self custody, you don't trust someone else with your
53:18
time, your wealth and your energy, don't do that, take self
53:23
custody of your Bitcoin especially during these trying
53:28
times trying times, right? Anyways, Nick, what are your
53:31
thoughts on bit Boy? Shit, coin.
53:34
I I laughed when I saw the first tweet.
53:38
I was like, of courses. This dude is just turning his
53:41
back on them. You know scammers turning on
53:44
scammers, he played a stupid game.
53:46
He won a stupid prize. I don't give a flying fuck about
53:50
this fat boys opinion because like he's been skating.
53:54
He's been showing Celsius for, who knows, how long months or
53:57
years now and he's taken their paycheck, he's using their
54:00
platform, he doesn't give a fuck.
54:03
Like, if he never got wrecked on it, he would have been totally
54:05
fine with this. He never would have spoke out
54:07
against them. He only cares because his his
54:10
own Pockets were heard about this and one of the things about
54:13
like these scams like Celsius is like it's fucked up because they
54:18
prey on people's emotions like kind of like Optimus reading
54:24
From the Twitter thread, they were talking about how do you
54:27
want to pay for college? You want to buy a house one day,
54:30
you want to buy a car one day, you want to like actually retire
54:34
and like a good, you know, a decent time in your life.
54:38
Oh, put your money with us and we'll grow it over time and
54:43
you'll be able to hit all these financial goals and it's really
54:47
just fucked up because a lot of bitcoiners are people.
54:51
I mean, like saying the word Bitcoin or but people in this
54:53
space, Is and more more or less, the shit coin space.
54:57
They're like, yeah, man, fuck the banks.
54:59
Like, the banks are fucking us over.
55:00
I want to have control of my money and they take their money
55:04
out, put it in some liquid shit coin, just to put it up on these
55:07
scam platforms. Like that's worse than holding
55:09
it in a bank and then they get rug pulled like this by
55:12
insolvent companies. Yeah, but like one of the things
55:17
it makes me, it always makes me think like There are no
55:22
shortcuts in life. If people are offering you like
55:25
eighteen percent yield or whatever it was that they were
55:28
offering. Like it's if it's too good to be
55:30
true. Just know it's a scam.
55:32
Like I remember. I remember last bull run unless
55:35
yeah, last Bull Run in 2017. I got wrecked a little bit on
55:39
hash flare. It was kind of same concept but
55:42
it was like mining stuff. It was like oh send your Bitcoin
55:45
to us and will you know, have you mind and stuff?
55:47
I lost a little bit of money on that, but I was like, holy shit.
55:50
It I can actually make a fuck ton of money off this and do
55:53
whatever I want in life and it pulled me in with like that same
55:56
emotion gimmick, right? But it always like looking at
56:00
these scams, it always makes me think like, Bitcoin is already
56:03
like the best performing asset ever.
56:06
Like all you have to do is just work and do whatever you want
56:11
and then save your excess wealth, and Bix.
56:14
And you can choose how hard in the paint.
56:17
You want to go with that? You want to put a deeper None of
56:20
your paycheck into Bitcoin and accumulate more than others.
56:23
Go for it. You only want to put in 5 10 20
56:26
% go for it. You can go at whatever Pace you
56:30
want. And over time, you know, let's
56:33
say four years. You're going to be in a better
56:35
position that then. Then you are now and over time
56:40
especially if you're lucky enough to be like, really young
56:43
in this space, like you'll be completely fine financially, you
56:46
won't have to play, and you won't have to risk your money on
56:50
this. A liquid shit coin, scammed and
56:52
end up getting rug pulled because people just get sucked
56:56
in by the hopes and the dreams of it, and they end up with
56:58
nothing. I mean, I've seen so many
57:00
Twitter posts of clubs over leveraging themselves, and
57:03
losing everything people losing even just one BTC.
57:06
That's, that's a lot of money, brutal.
57:09
And it's not just a lot of Fiat money, but it's one of only 21
57:13
million Bitcoins, which we know that there aren't that many left
57:17
and because a lot of them have either been lost.
57:20
Gobbled up already and Away In Cold Storage but toddlers,
57:25
people who keep their Bitcoin in Cold Storage remain unaffected
57:29
and we just scoop up the cheap sacks.
57:32
Yep, dude, so much signal there. We've all survived a bear Market
57:37
that's actually how we became friends, right?
57:41
This is a game of survival, okay?
57:43
This will be survival. If you get it, if you get to the
57:46
other side, we make it to the other bull markets.
57:49
Inevitably going to Right. The having ensures that and you
57:53
survived, right? Because that's what it's about,
57:55
and you have the same amount of Bitcoin, ideally have more
57:57
Bitcoin than when you started. You're going to be in a better
58:01
place, right? So yeah.
58:03
Harness your seat belts seat belts.
58:05
What Odell we says, I love this line.
58:08
Stay humble stack SATs. But anyways, Opti there was no,
58:11
there was a website by plebe. Want to show everybody websites
58:15
by plebs, brought to you by Cipher safe, check them out.
58:18
Cipher safe dot IO Paper is dead store your seed in the Cipher
58:24
wheel or the all new Cipher grid.
58:26
They both come with a tamper-resistant wire and the
58:28
grid comes with a punch tool. Alright guys, so had a pretty
58:33
long conversation with our friend, pirate beachbum, this
58:37
this morning. He is starting the Bitcoin bear
58:41
Market Diaries. We also have something in the
58:44
works. Let's see, we're gonna we're
58:47
gonna surprise you guys but anyways, check it out.
58:50
Is pirate interviewing different plebs.
58:53
Hardcore plebs that have survived the Bitcoin bear
58:57
markets and you're going to learn from their experiences,
59:00
right? So Citadel and simply we've
59:03
supported him. Perhaps we work together it will
59:07
it's going to be a surprise, I'm really excited for it but
59:10
anyways. Anyways guys don't forget to
59:14
subscribe to us on alternative video platforms like sorry.
59:18
Not alternative video platforms. So Papa, don't forget to
59:21
subscribe to us on our audio platforms.
59:23
Like, Spotify, found Fountain, Apple podcast you can send us at
59:30
Saint Fountain. Yeah, it's really cool.
59:33
It's really good stuff. You could, you could do the
59:35
paper, the pay value. Forget the name really
59:39
interesting. You could kind of play with it.
59:40
I also want to give a very special shout-out to our
59:42
clothing. Sponsor, represent LTD.com
59:45
Optimist and I are wearing the merch.
59:48
Shout out David bro. We Of your stuff.
59:51
Really, really good material. We also want to give a very
59:55
special shout out to a friend of the show.
59:58
Dude. This guy's like my little
59:59
brother. I've seen him grow.
1:00:01
He seen me grow, we've grown together during, you know, the,
1:00:06
this crazy experience that is Bitcoin.
1:00:10
You go give this awesome pleb. A follow on Twitter at Nick
1:00:16
can't Mine, He's Loki. But this guy's the real deal.
1:00:20
Deal man. Anyways guys, that was our show
1:00:24
if you enjoyed the show, you know what to do.
1:00:25
Smashed course, if you want to continue hearing the Bitcoin,
1:00:29
use from the Polly Platt perspective and the catastrophic
1:00:32
fails from the same perspective. Definitely