Latest / Simply Bitcoin / Binance CAUGHT Trading Against their Users | EP 706

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Binance CAUGHT Trading Against their Users | EP 706 · Simply Bitcoin

0:12
Welcome to Simply Bitcoin live your number one source for that
0:14
little app. I caught my tongue for a second.
0:18
Well, your number one source for the peaceful Bitcoin revolution
0:20
of the curve. Breaking news culture magic
0:21
Warfare will be your guide through the separation of money
0:25
and state. Oh man.
0:26
Oh man, a couple things right? So by Nance is being
0:31
investigated by the cftc. For quote, illegal, digital
0:37
asset, derivatives legal digital asset know.
0:41
That's, that's what they're saying, there is.
0:42
But anyways, so a couple things here, right?
0:45
So apparently in the cftc lawsuit, it basically said that
0:51
by Nance was making a bunch of fake accounts and they were
0:55
trading against their users. We have all the material to
0:59
cover that today and in another thing, allegedly, as well is
1:03
that, by Nance was helping And helping some of their users to
1:08
get around AML and kyc, and all of that.
1:13
Now, a couple things here. We all know how, you know, if
1:17
you're new here, you don't know. But if you've been here for a
1:19
while, you guys know how we feel about, how about, how we feel
1:22
about buying ads, right? You know, it is, you know, the
1:25
most popular, you know, crypto casino, but, you know, fine,
1:30
right? It's a crypto Casino, totally,
1:33
you know, understand that, you know, do whatever.
1:35
Ever you want with your money, but the interesting part though,
1:38
is that not only, are they a crypto Casino there?
1:41
A crypto casino that is actively rigging the game against their
1:46
customers, right? So that all came out.
1:49
Now, I wonder how much of these investigations were incentivized
1:55
or motivated by the FTX collapse.
1:57
I wonder how much of these investigations were motivated by
2:01
operation chokepoint 2.0. I wonder right?
2:04
So Whatever the motivations are the things that have been
2:10
brought to light in in the, you know, in the lawsuit papers are
2:14
interesting to say the least. So we're going to get through
2:16
all that today. But before we start the show in
2:20
a bring up my legendary co-host. Always optimistic, how you doing
2:24
Opti? Are you feeling today bro?
2:26
I am feeling wonderful. Niko Another Day in Paradise.
2:29
I'm excited for today's show not only because we get to provide
2:34
you guys with the signal but we got a new co-host in here today
2:38
Del. So this is going to be a lady
2:39
show. Can't wait to can't wait to bomb
2:42
live, boys. And girl.
2:43
No, no, I'm just playing. I'm just playing.
2:45
Anyways, we look, I've said in the past.
2:48
Actually, I'm going to save my little tidbit on the finance
2:51
news because I'm sure you guys know how and where I stand on
2:55
the finance news. So, on the culture today, I am
2:58
going to actually jump off a few of our written works on our sub
3:02
stack. And it's This idea that Nico and
3:06
I have been talking about for a while and I know we've got some
3:09
flak in the past about covering a lot of politics and Bitcoin
3:13
and it's just going to go into something that Nico and I talked
3:16
about consistently that Bitcoin is power and the game we are
3:19
playing here guys is a power game.
3:21
Once you take away the money printer, it's no surprise that
3:24
those in power want to shut it down.
3:26
So again, connecting this with this Finance news, Operation
3:30
choke point, all the stuff we are seeing since they shut down
3:34
SV. Be and Signature Bank and
3:36
silver. What's it?
3:37
Silver Gate. It's very interesting stuff and
3:41
I think we're going to lay out a hopefully, I can lay out A New
3:45
Perspective for you guys so you can fully understand what game
3:48
we're playing right now. We're playing 5D chess and if
3:50
you don't know and now you know anyways let's bring in do let's
3:55
bring in Del Sol to introduce everybody, you guys have seen
3:59
him before he's come as a guest but he is part of he's part of
4:05
He's a new co-host of Simply Bitcoin, he's going to be
4:07
dropping, original content, original Clips very, very soon
4:11
in the next couple of weeks. So, keep an eye out and he's
4:14
going to be filling in for me today during the News segment.
4:17
How you doing Del? I'm good.
4:19
Yeah, every day is a beautiful day in paradise, we're as close
4:23
to tomorrow's. We are to yesterday.
4:24
All we have is right now. Boom.
4:26
Wow. So deep ours, sorry I love that.
4:29
I love that. All we have is right now.
4:32
Anyways, everybody, it's gonna be a great show, really looking
4:34
forward to. To it.
4:35
Anyways, everybody let's get two numbers.
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Let's do this. The Bitcoin members brought to
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And if your digital Nomad, you have absolutely no excuse
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server. Visit not all dot-eu today but
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everybody else. I want to tell you about Bitcoin
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Like I said, promo, code simply to get yourself a big discount.
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I'm gonna do the numbers real quick.
5:50
Then I'm going to hand it off to optic because it was a weird
5:53
transition. The Bitcoin price is twenty.
5:56
Eight thousand three hundred forty, five cents per dollar,
5:58
3520 set, 5 3528 block height 780, 3049 reachable Bitcoin
6:07
node, Thousand two hundred ninety six blocks to having
6:11
56,000 951 having estimate. April 21st, 2024 total lightning
6:17
network capacity. 5400 7. Bitcoin capacity value, 153
6:22
million. U.s. dollars realized monetary
6:25
inflation 1.76 percent and the market capitalization of Bitcoin
6:29
547 billion dollars. Anyways everybody loved you all.
6:34
I'll see you tomorrow Opti. It's your show Dell.
6:36
Hold it down brother. All right I'll do What I can.
6:40
Let's go. Well classic everything is fine
6:43
meme. Now we're good to go guys.
6:45
Alright, so for today's numbers segment, this is actually a new
6:49
story that I think Nico will cover.
6:50
It's in our telegram group, but we're not going to cover exactly
6:55
what the news is. We just got a very good clip
6:57
come out of this, this new segment.
7:00
So, before I give you guys the video, I just want to give you
7:03
guys some contact. So, apparently, Texas is trying
7:06
to pass a bill sent. Bill 1751 seeking to regulate
7:10
Bitcoin Miners and their electricity consumption here.
7:13
You can see on CBS Austin, thus the full story and again I think
7:17
Nico will cover this tomorrow, but that's not what I wanted to
7:21
cover today. We're not going to break down
7:23
exactly what's in the Senate. Bill.
7:24
I'll leave that for Nico. What we did?
7:26
See, come out of this is this really good clip by Pierre.
7:30
Richard personally, one of the people that orange killed me in
7:34
my Bitcoin journey and before I get into what he's talking
7:38
about, It was kind of a surreal moment watching this this
7:40
morning because not only was I orange killed by Pierre Richard,
7:43
but now seeing him, you know, testifying for Bitcoin mining
7:48
and what it does for us it was really a surreal moments like
7:52
wow, bitcoiners are finally, finally, making noise where it
7:55
count, and who else? Better than Pierre.
7:58
Richard to go up there and speak for us bitcoiners and get that
8:03
signal spread. So as you can see, here's a
8:05
Bitcoin tweet or Bitcoin magazine tweet.
8:07
And it says why Watch right platform, vice president of
8:10
research, AKA Peter, Richard testified at the Texas state
8:13
senate on bitcoin and there's a quote Bitcoin is freedom money
8:17
and it empowers people. So let's get into this clip and
8:20
then we'll talk about some of the stuff that he says as well
8:23
as his response to what the bill might do.
8:28
My name is Pierre. Richard I'm the vice president
8:31
of research at Riot platforms. The largest publicly traded
8:34
Bitcoin, miner in the United States with our facility in
8:38
Milan County closed Rockdale. I'm a first-generation immigrant
8:42
and I graduated from the University of Texas in Austin
8:45
with a bachelor and master accounting degree.
8:49
Thank you, Senator Kohl course for your work on demand response
8:52
issues. I believe that the witnesses
8:57
here who Have adequately represented, our views on demand
9:01
response. I would just add that there is
9:04
already a sixty percent limit to prevent concentration and demand
9:08
response programs and that this bill would override or cots
9:12
long-term study on large flexible.
9:14
Loads with regards to chapter 3 12 temporary County tax
9:20
abatements. These abatements have helped
9:22
attract Bitcoin miners to Texas and they've created hundreds of
9:26
a real jobs Bitcoin miners. The number one employer in
9:29
Rockdale Bitcoin. Miners are also.
9:31
The number one taxpayer to Rockdale is D, the coin.
9:35
Mining is good for Rural education, Milam county has
9:39
record sales, tax revenue, thanks to bitcoin miners.
9:43
Even if you are skeptical of Bitcoin, these abatements have
9:47
been highly effective at revitalizing rural communities.
9:51
It is also in our national security interest to mine more
9:55
Bitcoin here in the United States and take market share
9:59
away from foreign adversaries like Russia and China.
10:03
We should not add unnecessary regulatory burdens or raise
10:08
taxes on this strategic and Innovative industry.
10:12
For these reasons. I recommend to vote against SB
10:15
1751. The coin is freedom money.
10:19
It empowers people. So they can earn save and spend
10:22
their money without relying on, or trusting government central
10:25
banks. Thank you.
10:27
And questions. Absolutely.
10:30
Love this again, first and foremost.
10:33
What do I always say? It is our mean world and
10:35
everyone is just living in it. So again, as someone that got
10:40
orange pill by Pierre, Richard and B seen in the past, watching
10:43
the noted podcast, it was very surreal to see Pierre, Richard
10:47
testifying in regards to Bitcoin mining.
10:49
Not only because he's just one of the best Bitcoin, orange
10:54
pillars that I've come across, but he's also in the very
10:57
position. Mission at Riot where he has a
11:00
very intimate relationship on what's going on behind the
11:03
scenes. And as we continuously, tell you
11:05
guys on the show Bitcoin is good for the electrical grid like
11:08
Bitcoin is good for the environment because there's no
11:12
such thing as a waste of electricity, you know, the the
11:16
change the code, the Greenpeace, they're doing their best to
11:19
propagandize and politicize the use of Bitcoins electricity use.
11:24
And here we are if you bring the receipts Distantly not only is
11:29
Bitcoin, is small, small fraction of all the energy that
11:34
is used, but it is incentivizing and furthering the, you know,
11:40
propagation of good energy and local communities, it brings
11:43
jobs to your area and this is kind of what I wanted to talk
11:47
about on today's numbers. And also, I'm what I'm going to
11:51
kind of be talking about on the culture segment and it's the
11:53
idea of Bitcoin mining and Bitcoin.
11:56
In general, bringing bringing jobs to your local Malaria.
11:58
He was saying this incentivizes, education and jobs in rural
12:02
area. But furthermore, it's this idea
12:04
that we continuously talk about that bitcoiners will move to
12:09
Friendly jurisdiction to in regards to laws that benefit
12:12
bitcoiners and if you want to prosper going forward into the
12:15
future, you're better off. Not fighting bitcoiners because
12:18
again, you can't ban Bitcoin. You can only ban yourself from
12:21
Bitcoin. And I really like that Pierre
12:25
brought up the idea of National Security.
12:28
Interest because we talked about it yesterday and we know the
12:31
classic flood line of National Security being used as a low
12:35
hanging fruit to basically terrify people and make them or
12:40
rather coerce their behavior. And I think as an American, you
12:45
know, I know Bitcoin is a global phenomenon.
12:48
We covered The Tick-Tock news yesterday.
12:50
And again, I'm going to touch on this again in the culture, but I
12:54
think it is a legitimate National Security.
12:58
Interest for America to maintain its position in Bitcoin.
13:01
If the powers-that-be continue to go down, this route of
13:05
basically pushing back against Bitcoin businesses and and
13:09
basically taking away our right to, you know, congregate, use a
13:15
money that we want to use. Basically First Amendment
13:18
issues, we are going to shoot ourselves in the foot.
13:21
Again, as Pierre ended this little clip Freedom money for a
13:28
Dumb minded people. And what else are we here in
13:30
America? And as much as the powers that
13:33
be are pushing against Bitcoin and this idea, I know they're
13:36
Tyrant out there, they're very they're acting very dystopian,
13:39
Bitcoin. Empowers people.
13:41
And we know that there is a lot of electricity use out there
13:45
that cannot actually be used because the it's basically
13:50
isolated. And here we are, we're showing
13:52
in real time that Bitcoin miners are moving to cheap electricity.
13:56
They're using electricity. A city that wouldn't go to waste
14:00
but would rather not be used and here we are Pi Richard.
14:04
Testifying that Bitcoin is not only bringing jobs but it is
14:09
stabilizing the electrical grid. And if you connect this with
14:12
what we saw last year in the Texas summer, it was it was a
14:16
scorcher. It was hot and we saw that the
14:20
Texas miners, you know, would shut off their their equipment
14:25
when needed. So the fact that they are coming
14:27
after Your Bitcoin miners this year, I really do believe.
14:30
Again, it's more receipts to the idea that all these attacks on
14:34
bitcoin are very much just political attacks.
14:37
And so I think it's very important, not only to continue
14:40
to educate people, but to also put our hat in the ring to
14:44
spread the Bitcoin signal and show that hey we are not hurting
14:49
planet Earth. We are actually incentivizing
14:52
and innovating the use of electricity and you know kudos
14:56
to more bitcoiners that are taking up.
14:58
The fight and testifying for for Bitcoin in the house, in the
15:02
Senate and showing those people that are ill misinform that
15:06
Bitcoin is good, Bitcoin mining is good, and Innovation should
15:11
not be stopped and regulated by people that are computer
15:14
literate that have no idea what is actually going on.
15:17
So again, this is more Call to Arms to all you guys to continue
15:21
to put your hat in the ring and spread that Bitcoin signal,
15:24
whether it's the memes, whether it's creating the content,
15:26
whether it is just talking, Two people in the right places at
15:30
the right times. Like we are seeing PR Richard do
15:32
so, first and foremost kudos to Pierre and second, it's going to
15:37
be very interesting to see what happens in Texas, because of
15:40
Texas, wants to maintain its position in Bitcoin mining.
15:43
They should not shoot themselves in the foot and over-regulate
15:46
Bitcoin miners. Anyways, Del, you know how to
15:50
did do a little video on this that we saw behind the scene.
15:53
So what's your thoughts on this video and maybe Bitcoin mining
15:56
electricity use in general You know, it's a really complicated
16:00
subject. I mean anything surrounding
16:02
Bitcoin has there's it's like Bitcoin is this massive
16:06
umbrella? And then under that umbrella is
16:07
a bunch of smaller umbrellas and energy in and of itself.
16:10
Is this enormous umbrella? It was a long time before I
16:14
understood how it was that Bitcoin mining helps and energy
16:18
grid. I would hear people say that on
16:20
podcast. All the other all the time, like
16:21
the gas would say, the host would say.
16:22
And the other one vice versa would just kind of non.
16:24
But yeah. Okay.
16:25
And then move along but no one really ever explained it to me
16:27
it Until I don't even know if anybody actually sat down and
16:31
explained it, but I understood. Okay, you want a power, plant,
16:34
whatever it is running at maximum capacity or as close to
16:38
it as possible. So it's sitting there generating
16:40
95% of what it can. You don't want a nuclear power
16:43
plant sitting there in generating 5%, you don't want to
16:45
put millions or billions of dollars into this thing and just
16:48
have it doing very little. So if you've got this thing,
16:51
generating tons of energy will that energy has to go somewhere?
16:55
You don't have massive surge protectors for an entire city.
16:58
D size scale type thing. So all of that energy.
17:00
If it doesn't have somewhere to go, it'll fry power lines
17:03
it'll-it'll. I mean, imagine a surge of
17:06
energy coming into your home a lightning bolt.
17:08
That's what you have surge protectors for goes into that.
17:10
Surge protector stops. All of your things from being
17:13
fried. Well, miners, serve as that,
17:16
surge protector. They can absorb all of this
17:18
energy when it's there. When there isn't demand, when
17:20
it's nice out. It's cool, whatever.
17:22
Or in the case of green energy, it's sunny, it's nice out of the
17:26
winds blowing. Maybe you don't have your AC on
17:28
A super nice weather out. What what you gonna do with all
17:29
this energy? If it's sitting there, all you
17:31
can turn down the the the windmills or whatever, or you
17:35
can just have that go into an actual utility, an actual use,
17:39
the miners generating, the hash rate mining securing the
17:43
network. And these miners, they can go
17:45
honestly, miners are kind of like life farmers in a sense
17:49
because they can go anywhere that energy is at they can find
17:52
pockets of stranded energy, they can go to wear a waterfall and
17:56
when the energy is dirt cheap, next, To free.
17:58
They can mine, mine mine. But then once people see, hey,
18:00
there's infrastructure. There, we have this this day,
18:03
this, this Hydro Dam that's generating electricity, then the
18:07
people can move their, why would people want to move out into the
18:10
middle of nowhere? Where there's waterfall and put
18:12
up a damn. Well if you have the miners that
18:14
go out there, they say we'll put up the Damned wolf, front load,
18:17
will get this Dirt Cheap energy then that draws in the
18:20
population that draws in the people and in the minors can
18:23
move on and then create communities.
18:24
And it's just like the cycle that happens and that's all.
18:28
Tiny fraction of the whole energy debate, topic Under the
18:32
Umbrella of energy Under the Umbrella of a Bitcoin.
18:36
And honestly the best thing that we have going for us is truth.
18:39
And you've got all these funsters out there saying, oh
18:42
it's bad for the environment. How, how is it bad for the
18:44
environment they got? Oh it burns energy, really?
18:48
How does a minor burn any more energy than your Tesla?
18:51
Are you telling me that your Tesla bad for the environment
18:53
because if it is then okay sure, yeah Miners and and Tesla's are
18:56
both bad for the environment. But I would argue that Tesla's,
18:59
are way, way, way worse for the environment, why?
19:01
Because you have to get all these hard to find resources.
19:04
These hard, find natural minerals that are really hard to
19:07
find out in the Congo. You've got kids laboring and in
19:10
mines to get all these these precious metals.
19:12
But you don't have that for a six minors or you do to a much
19:15
lower degree. So, you know, you can take your
19:18
fun, you can shove it. Let's go, couldn't agree more.
19:22
It's becoming very clear that the Bitcoin mining for the, the
19:26
energy for the climate change. But it is all political.
19:30
And it is again, back to what we continuously talked about on the
19:33
show. It's coerce Behavior.
19:35
Electricity use is good. It means that Society is
19:38
prospering and this is all about stopping Bitcoin because the
19:43
powers that be at least thought the top know exactly what
19:46
Bitcoin does and this distant remediates or rather, Destroys
19:51
their power, which is backed by the money printer.
19:54
And I'm old use that as the jump off point to go into the culture
19:58
because this is what I am talking about today.
20:01
So, thanks for the Segway do sure.
20:06
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if you have any questions. Anyways, let's get into the
21:03
culture segment. And as I tell you guys
21:06
consistently and I don't know if we said this on the show.
21:10
Before, but we did get some slack in the past.
21:14
We did get some feedback about how we've been covering a lot of
21:16
politics lately and the reason we've been doing this is because
21:19
we understand one simple thing. If you take away the money
21:23
printer, then you are taking away the power from the
21:26
politicians and the central planners.
21:28
And so this is what I want to talk about and I'm going to link
21:30
to articles that we drop on the simply Bitcoin sub stack that
21:34
are touching on this same idea. So, first and foremost, I'm here
21:37
on Wikipedia and I want To just, you know, lay out what we mean
21:43
by politics and as you can see here, it says, politics is the
21:46
set of activities that are associated with making decisions
21:48
in groups or other forms of power relations among
21:52
individuals, such as the distribution of resources or
21:56
status. Now, this is the context that
21:59
we're using here. When we are talking about
22:02
politics and Bitcoin and power. Anyways, we drop this article
22:07
the other day, by one of our newest writers might Hobart,
22:10
Todd Bitcoin is power and Nico and I have had this conversation
22:13
off. Are a lot of times I'm sure
22:15
we've had this conversation on the show as well and Mike, and I
22:18
had this conversation back when we were at the mining conference
22:21
and it was this idea that you hear it all the time bitcoiners
22:25
are playing for all the marbles. Well, what does that?
22:27
Really mean? It means that bitcoiners are
22:30
making a power play. And what does this have to do
22:33
with politics? Well, we are taking away the
22:36
money printer, which is where they get the majority.
22:38
If not all of Of their power that and the Monopoly on
22:43
violence. Anyways, I'm going to jump into
22:45
this. There's articles and connect it
22:47
to another article that we just dropped and then kind of have
22:50
like, a real time example of what's Happening.
22:53
Anyways, Bitcoin is power. So as Mike says, I've been
22:56
saying it. Well shouting it I suppose that
22:59
everything is about one single thing and what we're talking
23:01
about here is power, the power to say, no, AKA The Power of
23:05
options, the power to be calm, in the midst of the storm, AKA
23:08
The Power of capability and the Order to choose AKA The Power of
23:12
Freedom Power is what drives this world, and this also a
23:16
double entendre, you know, electricity and power.
23:19
Anyways, that's, that's another little rabbit hole.
23:21
It just so happens that wheel and much of that power to a
23:23
paper Fiat monetary system via trust in said system, a monetary
23:27
system that is backed by itself. A monetary system that just
23:31
voted to protect those globally. Systemically important Banks, a
23:35
monetary system that is building incentive mechanisms and
23:39
increased vulnerability. He's particularly to those small
23:41
players in the system, a monetary system that determines
23:44
that bangs cannot be allowed to fail regardless of their
23:47
failures and competence and risk management.
23:50
A monetary system that is willing to watch as greater
23:52
consolidation of power to the big four with little
23:55
consideration to how such consolidation invites, an
23:58
assortment of fragilities to the American system.
24:01
And this means greater risk for you, the average American
24:04
System, the Fiat system has no choice but to seek deeper and
24:08
deeper levels of centralization. Consolidation and we're at a
24:11
Crossroads further, debase the currency and avoid recession or
24:15
a depression or let the correction hit and then toil and
24:18
struggle to pick up the pieces. What do you think the choice is
24:21
here? And as a Bitcoin ER we know
24:23
exactly what the choices and we know exactly where they're going
24:27
to make their choice and it's obviously not going to be as far
24:31
as I'm concerned as a Bitcoin. The correct choice to really
24:35
move us into a better world. But further pushes down into
24:39
this. So Pian tyrannical world that we
24:42
are living in right now. So I'm going to connect this
24:45
with another article that we just drop and then jump back to
24:48
Mike's article for a moment. This was by our other Rider, the
24:52
base money Tech and this one's called money and power a fresh
24:55
perspective. And if you see the thumbnail,
24:57
guys, I definitely reference the Scarface cover on this one for a
25:02
reason because we are consistently talking about money
25:06
and power when we are talking about Bitcoin.
25:08
What's the mean first, you get The money and then you get the
25:11
power. And this is what we're talking
25:13
about, what we have, the best money in the world.
25:15
So we are playing 5D chest to take back, not only our personal
25:20
power, but eliminate the power of these monetary demons.
25:24
Anyways, going into this article.
25:26
So recently, Jeff Booth gave a master class in self-awareness
25:30
and critical Eternal introspection and this is what
25:33
this article is basing itself. Off of it's just a conversation
25:38
between Jeff Booth and breathe. Love.
25:40
And it's really about what Jeff boost perspective is on.
25:44
What is going on in the world. And I know a lot of times as
25:47
bitcoiners, we kind of take the very paranoid tin hat wearing
25:52
View and I'm not saying it is wrong but I think there is some
25:55
value in this idea that Jeff Booth is propagating and it's
25:59
that the powers that be maybe, you know, giving them some
26:03
benefit of the doubt even though they are criminal criminals and
26:06
some of them may be psychopaths are most likely doing what I
26:10
think it's best and here I'm going to use Jeff Booth words
26:13
himself. So we hear it all the time.
26:16
Oh, there's a problem. Let's just print money because
26:18
it doesn't require a lot of work.
26:19
And then over time, that becomes institutionalized people on top
26:23
of the system. Today could easily tell
26:25
themselves alive saying, if we don't do this, people are going
26:28
to starve and we have to do it. Those people on top would say,
26:31
I'm right just to be able to do this and I'm the one that should
26:34
be able to help. How many times have we heard
26:36
something very similar. Come out of the politicians.
26:38
Now, we have to help them. We To do everything in our power
26:41
to protect the little people. Little do, most people know that
26:45
they are really just protecting themselves, so even if we knew
26:48
the root cause of the problem, and there's no way to solve it
26:50
from your existing Paradigm. What do we say consistently on
26:53
the show? There's no way to fix the Fiat
26:55
system from within the Fiat system and all of your wealth
26:58
and power and influence come from that Paradigm.
27:00
Then you would more easily delude yourself to say, I have
27:03
to be the one that solves this. So it just reinforces and
27:06
reinforces itself because people want to matter to other people.
27:10
I think it's just that the need for belonging fueled by
27:12
self-deception is what is play here.
27:16
And if you go forward through time and you realize why Bitcoin
27:20
changes this, you probably talked about this a lot.
27:22
Probably with me too if you actually had some type of
27:25
monetary system that had an unchangeable fixed policy, you
27:28
could break these recurring self-deception cycles that have
27:31
caused every Great Society to rise to untenable power and
27:35
inevitably crash and caused Untold human harm for the for at
27:38
least the last 10,000 years. There's obviously the premise
27:41
that I fix, unchangeable monetary policy solve for this
27:44
and breaks. The cycle is a bold statement.
27:47
So, in this article, and in the talk, Jeff Booth goes to prove
27:51
this out, and there's a given here, money is subordinate to
27:54
laws. This is our given and people
27:56
will argue this point the say no government issues, money, well,
27:59
wrong history tells us otherwise but let's table this point and
28:03
just start from this as our given what happens is we put
28:06
laws in place to essentially protect us the individuals from
28:09
the state And by doing that, the states had did that had more
28:12
productivity, the predict tivity increases in these states with
28:15
strong law for the individuals. Because now people can act as
28:18
freely as they can and conduct that good or moral work,
28:22
conversely authoritarian, governments, collect, all the
28:24
wealth, and don't allow for strong property rights and those
28:27
societies suffer because of this lack of property rights, that
28:30
afforded individuals, the assurances of self-interested
28:33
cooperative and collaborative Human Action.
28:35
So they live in zero-sum society.
28:37
So when you had a rule of law and rights to individuals, you
28:41
had faster growth economies. But over time because money is
28:43
subordinate to that process people with money, change the
28:46
laws. And so over time, you lose the
28:48
laws that protected those people.
28:50
Because the only way that you can fight the law is to have
28:52
enough money to lobby and enough power to Lobby.
28:55
So those laws get whittled away over time and the laws no longer
28:58
protect the people at the bottom, and those that are
29:00
generating the positive, some growth, the laws, then instead
29:03
protect the people at the top. Those that reinforced, the
29:06
zero-sum society. So, now whether we look at the
29:09
us, or Wherever we are at this axis of broken money and we know
29:13
that it has to be more and more broken over time.
29:15
And that means we know that laws have to be eroded and we have to
29:18
remove individual rights and freedoms over time.
29:21
It has to get worse out of that system.
29:23
This is what we've seen play out throughout history.
29:27
Whether it was through the Roman Empire or whether what we're
29:29
seeing right now in the u.s. today, if you could control
29:33
money, then you would win at society's loss and it was such a
29:36
power that you went to war to control money.
29:38
Then in the new money, we're Reset it and we promise we won't
29:41
abuse money again and it just repeats over and over and over.
29:45
But this is why we keep missing the Nuance because remember it
29:48
is the winners that write the history books because the
29:50
winners write the history books, what we didn't see, in that
29:53
whole thing, that whole rise and fall of each of those societies
29:56
was to self-destructive money printer.
29:58
So what does this all mean in the context of Bitcoin?
30:01
Bitcoin removes this era, the self-deception and the money
30:04
printing through decentralization and Trust, we
30:06
don't need the institutions that the seeds of self and the Into
30:10
money printing, we place in our hands, every one of us
30:13
individuals, our own self-interested monetary policy,
30:16
where we would only harm ourselves, if we change our
30:18
policy. And so, for the first time in
30:20
history that can actually break these deceptive destructed
30:23
cycles and change the future Paths of humanity forever.
30:28
And this is kind of where we summed it up as bitcoiners.
30:32
We often say that the people in power like Janet Yellen, Jerome
30:35
power, Chrissy Lagarde Augustine Carson's and every one of their
30:39
ilk or Or as, you know, the base money Tech put here, the scourge
30:42
of humanity are the carriers of the Fiat plague and we often
30:46
find ourselves relishing in the idea of the inevitability of the
30:50
Reign of Power. And the fact that the more they
30:52
push, the more, they are literally dooming us to what
30:56
they fear the most and, you know, we ridicule them and we
31:00
call it. We say have fun, staying poor,
31:02
the more you try, the more you push the harder, you push.
31:05
The more people are going to wake up, but this is kind of the
31:08
point that I really liked. Out this boost suggests a new
31:11
possibility that at wants is more likely in the same time.
31:14
Offers ease monetary demons and graceful exit from the current
31:17
destructive path Booth sees these people in power positions,
31:20
not as intentional thieves, which they might be, I'm keeping
31:23
that open, but rather as tragic fools deceived by their own
31:27
powers of rationalization fueled, by the same human
31:29
desires, we all feed on and that is to be loved and belonged and
31:33
respected and wanting to do good and be heralded for that good
31:36
and doing righteous work. But this take is both profound.
31:39
Found an immensely useful. Imagine instead of us just just
31:44
going after their jugular every single day.
31:47
We start our conversation with a compassionate handshake as base
31:50
money says, knowing they too are humans.
31:53
There's a little asterisk there and want nothing more than to be
31:55
loved at the end of the day just as the same as all of us.
31:58
Yes, of course, some of these people are convicted criminals
32:01
but does the thief stealing for his family?
32:02
Avoid starvation deserve the dagger compassion, handshake?
32:06
Yes, of course there are psychopaths but the majority of
32:08
people working in this Institution, really do believe
32:11
that they're making an impact on the world.
32:14
So given if Booth or given if Booth given is correct that
32:17
self-deception fueled by the need to belong and to be loved
32:20
coupled with the notion that money is subordinate to man-made
32:23
laws and careful analysis shows that through history.
32:26
This is the case in Bitcoin with it's unchangeable.
32:28
So interested, decentralized, proof-of-work, time chain May
32:32
wear very well. Be the beginning of a new
32:33
monetary policy that well for once and for all set Humanities
32:37
course to a future of continued and ever growing inhuman,
32:40
abundance and prosperity. And as we are seeing the Fiat
32:44
system crumble in front of us. Yes, this might take a long
32:46
time, it is starting to become at least clear to me, that maybe
32:51
there is a fresh new perspective on the idea of money and power
32:55
and giving you a real time example of this, as we covered
32:59
in the beginning of the week, this Tick Tock ban right now
33:02
connecting that with the what the brics nations are doing of D
33:05
Dollar Rising or at least having these conversations we are
33:08
seeing this play out. Real time and I really like this
33:11
summarization by CJ, go watch the CJ tto that we did with him.
33:15
He went absolutely bananas and gave you guys fire hose of
33:19
information. He some this this whole Bitcoin
33:22
is power idea in one little tweet and he goes, Russia and
33:25
China are leading an effort to the dollar eyes, the world,
33:28
since the US had weaponized dollars against Russia, many
33:31
nations fear losing access to their dollar reserves, thus for
33:35
Russia and China, have convinced or touch far Russia and China
33:38
have convinced a coalition. Of roughly 100 Nations to agree
33:41
to stop using USD. Meanwhile the United States is
33:44
blocking the exits Capital flight controls with operation
33:47
choke point as well as attempting to pass laws to keep
33:50
American citizens from using select internet services with
33:53
the vpm with threats of 250k fine.
33:56
Plus prison, AKA, The Tick-Tock band and we are all witnessing
33:59
the death of the dollar. We are all witnessing, the death
34:02
of the money, printer and a death, by a Thousand Cuts,
34:06
sadly. The first cut was made by the US
34:08
government itself. This point Americans need to be
34:11
considering systemic diversification for their
34:13
portfolios. If not, you would go down
34:15
bleeding with the federal government and there is no
34:18
longer a maybe event of the future.
34:21
It's happening right now, in live real time, we are all
34:24
witnessing this right now. Freedom itself is now at risk,
34:27
there's only one escape and it is Bitcoin plan accordingly.
34:32
And I say all that to say essentially that we for once
34:36
have been able to take the power back and And take it as an
34:40
individual host, our own money, destroy the power that these
34:44
people have in the money printer.
34:46
And if we really are doing what we say we are doing, is
34:49
bitcoiners than we are playing for all the marbles.
34:51
That means that as you Stacks at, you are taking back, not
34:54
only your personal power, but your future purchasing power.
34:58
At the same time, what we are doing right now guys, is a power
35:02
play as bitcoiners and I think understanding that this is the
35:07
5D chess game that we are playing which is What Nico and I
35:10
continuously talk about is politics.
35:13
Politics is power. Money is power.
35:16
And Bitcoin is the best money in the world.
35:18
Therefore we are taking back power by destroying the money.
35:21
Printer, taking back power on an individual level so that you can
35:24
prosper. So that your future progeny
35:26
kompas / so that we stopped getting stolen by by these
35:30
monetary demons. And yes, this might take it take
35:33
some time, we're in for the fight of Our Lives, you know, I
35:37
know Bitcoin is the peaceful Revolution, but I really do.
35:39
Believe that we are going to be seeing this comedy.
35:43
This tragic comedy play out in real time for the rest of our
35:46
lives and you are taking back power for yourself for your
35:50
family. And by spreading that power and
35:53
spreading that information to your friends and family.
35:55
They will also be able to take back their individual power, the
35:58
individual freedoms, and they will be able to prosper in this
36:02
great transition. So as the powers-that-be push
36:06
push and push harder to control you, They are basically digging
36:11
their own Graves. And more people will wake up to
36:13
the idea that, hey, I can opt out of this madness.
36:16
I can opt out of the money printer and save and Bitcoin.
36:20
Anyways, Del did I rant and my sing too far into this?
36:24
Or what is your thoughts on this idea?
36:27
No, I'm gonna see if I can simplify it a little bit because
36:30
that was that was a lot. That was a lot.
36:31
But so I'm halfway through Jason Lowery's, thesis the softwar,
36:36
his whole thing on it and there's a, there's a Bunch of
36:40
things in there. But he goes on for paragraphs
36:42
and paragraphs, explaining these really deep ideas and what we've
36:45
had for the longest time is we've got these people that they
36:48
say, this is where you want to be.
36:50
This is where all the stuff is, this is the Zone where you want
36:53
to be and I am the gatekeeper literally gate keeping you from
36:57
this stuff. They have abstract power.
36:59
These people, your lawyers, your your judges, your kings, they
37:02
don't have actual power. Like if you put up Janet Yellen
37:05
vs the mountain that your half Thorn guy, whatever, which of
37:09
those actually. He has power, like if I'm
37:11
talking about them alone in a room and you say, one of you has
37:15
to leave alive. Who do you think's going to
37:17
leave alive? I mean, it's unquestionable
37:19
who's going to leave alive. The mountain is going to be
37:21
about 2 seconds. Going to rip her head off, like,
37:23
just tear her head off your like I win.
37:25
Okay, game over so he has real power but she has abstract
37:29
power. The problem that we've been
37:31
dealing with for the longest time, is that The Gatekeepers,
37:34
the abstract, power holders, the Janet yellen's the August
37:37
Kristen's. It's like, that's not a powerful
37:38
guy that, you mean, I guess he's the food has no, no, no chance
37:43
against him, but when it comes to actual power and wielding
37:47
power Kings, they don't have actual power.
37:49
They have Knights, they've got soldiers.
37:51
They've got people that's why in the US Military and probably
37:53
other parts of the world as well.
37:54
You cannot have its legally unacceptable for a general to
37:58
say anything against a political figure.
38:01
Because if a general who can wield real power, he can say,
38:04
hey soldiers, go and get your tanks, go and get, get behind
38:07
your guns, go get your mortars and do something to this.
38:09
Eight. This person is politician.
38:11
They actually have, they can wield real power.
38:12
That's why they are not allowed to say anything.
38:15
That's why, when you see his State of Union or these
38:17
different big addresses, The Joint Chiefs of Staff, they have
38:19
to sit there straight face poker faces.
38:21
They can't be nodding and smiling like the other
38:22
politicians can because they can wield actual power.
38:25
Well, what we've had for, the longest time are these Yahoo's
38:30
wielding their abstract power saying that you have to play our
38:33
game. These are the two tokens that
38:34
you have to use. And we are saying hang on a
38:36
second. What?
38:37
If we don't have to play that game?
38:38
What if we can use, A different system.
38:40
What if we can opt out? What if we can use some Sly and
38:44
roundabout way to slowly decrease the use of Fiat and
38:49
slowly increase the use of Bitcoin?
38:51
And as more money, just continually flows from the one
38:54
to the other, you will just see this transition from people
38:57
playing the one game. Or we haven't had an option to
38:59
playing another game where we do have an option before.
39:02
That is the game changer. We didn't have an option before
39:05
other people regular humans, you and I the everyday people did
39:09
not. Not have an option but now,
39:11
thanks to Satoshi. We do have an option and that is
39:14
our escape hatch and yeah. Damn, right.
39:15
We're going to use it Christine Glasgow absolute bars.
39:21
Absolutely love it. Couldn't agree more and it's
39:25
kind of back to something we continuously.
39:28
Tell you guys on the show. The only way to actually take
39:32
back your power guys is to take your Bitcoin into self custody
39:36
and this is where we really dissing to mediate the power
39:39
games. And so on that note, you know,
39:42
shout-out to our sponsor B plates because if you want to
39:45
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take back your power, our is to take your Bitcoin into self
40:20
custody using the wallets that I say every single day.
40:24
But I'm going to boil it down to, you know what LaRon said
40:27
yesterday. And what I kind of use tryout,
40:29
blue wallet, tryout, Phoenix, wallet.
40:31
And this is how you take back your life.
40:33
This is how you take back. Your power is by finally taking
40:36
your money back into self custody and stop trusting.
40:39
These middlemen to protect you. Anyways, let's get into the
40:42
news. The Daily News, The Daily News
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41:29
Yeah, so for hang on real quick, it's de l1l folks, not to Wells.
41:34
I'm not a computer company. All right whatever.
41:37
So over here we've got CNN reporting on the by Nance thing
41:41
CZ. Who doesn't care about his money
41:43
wears a t-shirt. Yeah.
41:43
He doesn't care about his money, taking your money.
41:46
So you've got the commodity Futures Trading commission or CT
41:49
cftc, suing by Nance. So the big picture here, as CNN
41:54
business is reporting the cftc's a lawsuit.
41:57
Certainly not great news for buying an sshole.
41:59
Surprise surprise or for crypto crypto more broadly.
42:02
Yeah, but as we all know, Bitcoin doesn't fall really
42:05
under that crypto more broadly as these dingdong, probably
42:08
think it does. But anyhow, but it's not quite
42:10
the systemic event. That was FTX is collapse.
42:12
Yeah, maybe not yet, but we'll see or even the Terra Luna
42:15
meltdown. Perhaps the most significant
42:18
part of the lawsuit is the way, the cftc loudly calls out.
42:21
One of the worst kept secrets and all of crypto that not only
42:25
are us customers gaining a That's too risky offshore
42:28
crypto, derivatives, they shouldn't be allowed to access
42:31
but it's also pretty darn easy to do.
42:33
Well, here's the thing wire anybody, why is anybody playing
42:37
these stupid games and trying to win stupid prizes?
42:39
Well, because the stupid effing prize, I'd like to swear, but I
42:43
don't know if I can, the stupid effing prizes.
42:46
Fiat is the dumbest prize that you could ever be given out.
42:49
That's what you get at every damn Casino in every freakin
42:53
place across the world. Why would you want any of that
42:56
garbage? Well, it's so they can buy
42:58
things that are actually valuable people.
42:59
Don't want Fiat to have Fiat, it has no intrinsic but like
43:02
there's no reason to have Stacks and stacks of cash, unless you
43:05
need toilet paper or something or or things to throw on the
43:07
fire, the only reason you want Fiat is to buy things that
43:10
actually matter time and a vacation home, an actual home
43:13
food, a car. So you can get around to doing
43:16
things, medical care for your children, things like of that
43:19
nature. That's the only reason people
43:21
are playing these stupid games. Well, what can you do to ensure
43:25
yourself not getting playing stupid games?
43:27
You've got to follow, Odell's advice, stay humble Stacks at
43:30
and just keep it real simple. Folks, if you're out there
43:33
playing dumb games, as I just mentioned, three times in a row,
43:37
you're gonna win. Dumb prizes over here on
43:40
Twitter. We've got wolf who's talking
43:41
about the by Nance's being sued, by the CTF c-usa, for basically,
43:45
having secret in-house trading desk with three hundred
43:47
accounts. This states that Finance is
43:50
basically trading against all of their users with their Quant.
43:53
Desk using private transactional data.
43:55
So they can see where people put their stop gaps and go oh let's
43:58
just do whatever we want to Route around that go higher goal
44:01
or let's make money off of them. We can use all this data of
44:03
course they're doing that. Why wouldn't they?
44:06
It seems that they also sold yet tumeric Peak and sigma chain.
44:09
Tldr Finance has insider trading desk with data to all of your
44:14
stops and have been trading against you for years.
44:17
Duh, I saw somebody Corey was calling this out and saying, oh,
44:20
here's the easy again, in Corey. Gotta love them.
44:22
Just go on Last on these people, but somebody said they're going
44:25
to come for you too, Cory. This is something on Twitter
44:28
saying that they I guess the cftc is going to come after
44:30
Corey and I said, what are they going to come after Corey?
44:34
And all of swan actively encourage people to take their
44:37
their their Bitcoin into self custody never once has courrier.
44:41
Anybody said, hey, leave it with us.
44:43
We're going to do fun. Silly yield games with it.
44:45
No, no they say we're happy. Like they're fully transparent.
44:49
Yes, they make it, they make it, they make a profit off of off of
44:53
the The the transaction that you pay, that's all up front.
44:56
And then they say, get your coins off of The Exchange, they
45:00
have ways to do that expedited. Yes, there is a waiting period.
45:03
If you do it in, do normal routes.
45:05
But if you do wire or ACH transfer, you can have it within
45:07
24 hours, it's really quick and they actively encourage you to
45:10
do that. So any of these places that want
45:13
to hang on, to your money because, oh, it's safe with
45:14
them, just like it's safe with a bank.
45:18
Yeah, good luck with that. Not one roof.
45:24
Okay, well first guys, I think I have to do the obligatory, you
45:30
know, don't trust the middlemen. Take your Bitcoin into cell
45:33
custody like Dell just said, this is the only way to protect
45:37
yourself from this kind of crazy stuff.
45:40
Because, I mean, there's no talks about Finance, doing
45:43
rehypothecation, but we do know that a lot of exchanges out
45:46
there are doing this very thing and rehypothecation your
45:49
Bitcoin. In here, we have this news from
45:51
by now. About them trading against their
45:54
customers. And I said, in the past,
45:56
remember when FTX blew up, I kind of made a little quip.
45:59
I made a little joke, it's very interesting to see CZ have such
46:03
an intimate understanding of FTX has problems.
46:06
It's almost like maybe he was doing something similar, similar
46:10
himself. Now he's definitely come out on
46:12
Twitter and denied any allegations of wrongdoing.
46:17
But as we've been seeing for a long time, this wouldn't be the
46:20
first time that Judges are doing this very same thing so if by
46:25
Nance does you know actually come out and be found guilty.
46:31
Then this is not looking good for not only the shit coin space
46:35
but Force easy and by Nets themselves and this is why we
46:38
just continuously tell you guys to take your Bitcoin into self,
46:41
custody the longer you leave your coins on exchanges.
46:44
The more that this the Shady stuff can happen on the back end
46:48
and you never know what is going on on their platforms.
46:51
And this is why you Want to call their Bluff and just take
46:53
Bitcoin into self custody and you know I'm glad that Del
46:57
brought up Swan because this is why we love them so much is
47:01
because they continuously tell you guys look don't trust us
47:04
take your Bitcoin off of alpha are exchanged and take it in the
47:08
South custody like this is the way, this is how you protect
47:11
yourself from all the madness that we've seen.
47:13
Not only in the crypto space but in traditional Legacy Financial
47:17
systems again, how many times have we said on this show?
47:21
That the crypto The world. The shit coin world is basically
47:24
just a Fiat World on steroids. So how do you call that bluff is
47:29
by taking your Bitcoin into self custody, you know, using the the
47:33
wallets that I continuously name every single day whether it's
47:36
seed signer cold card, Jade blue, olive green wallet,
47:39
sparrows, Spector Bitcoin, core Phoenix Breeze, Moon.
47:43
So many options out there and you're going to have to make the
47:45
trade-offs for yourself. You need to take your Bitcoin
47:48
into self custody. This is the only way to fight.
47:52
Against this kind of Madness and call the bluff of all these
47:54
people doing Shady stuff with your money.
47:57
Like this is why we are in the position that we are in.
48:01
And this is just kind of more Credence to the meme that Odell
48:05
always talks about. Stay humble, Stacks ads, guys.
48:08
Like you should not be out there training your Bitcoin because
48:12
not only is their exchanges wanting to trade against you,
48:18
but all the shit Corners are actively working for ways.
48:22
To take your Bitcoin. So if you do trade just know
48:26
that you are, most likely going to lose your shirt, the odds are
48:29
against you. And the best way to navigate
48:32
this great transition is not going into risky.
48:36
You know, risky trades right now it is to find ways to store your
48:40
value long-term and then provide more value.
48:43
So that you have a bigger sat flow like a bigger cash flow
48:46
means, you get more sets providing more value means that
48:50
you are getting more set. And the only way to really
48:54
Traverse where we are heading is to make sure that your Bitcoin
48:57
is in self custody right now is not the time to get into risky
49:01
shit. Coin trades to now is not the
49:03
time to have your Bitcoin on exchanges.
49:06
You need to take that into sub. Custody, your money is not safe
49:09
anywhere else, besides self custody.
49:11
Like. Make sure you do that today and
49:15
you can protect yourself from this madness.
49:17
Anyways, let's get into everyone favorite portion of the show.
49:21
The meme review. The daily meme review brought to
49:28
you by Kaboom racks. I get this question all the
49:30
time. Nico.
49:31
Where should I buy Bitcoin miners.
49:33
The answer is Kaboom racks. It's the best place to buy
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Bitcoin miners. That's where you're going to
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Your mining Utopia today, to check out their racks.
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Kaboom racks. Let's go guys.
49:53
So as You know, this is the mean review where you guys send your
49:57
memes to me, tag me on Twitter, or send them in our telegram
49:59
group, and I will find the good memes and put them on the show.
50:03
We are limited to a few spots, but hey, keep tagging me.
50:06
Keep sending me the memes because we are in an information
50:09
War tweet to the bullets means are the artillery and you guys
50:12
are the Frontline soldiers. So, continue to ridicule the BS
50:18
coming out of the corporate press continue to put art or
50:22
truth in art and spread the Continue to make us laugh so
50:26
that people get the signal any way possible because it is some
50:30
dark and trying times out there and, hey, humor has a very
50:34
magical magical effect on the human psyche.
50:37
Anyways, this first meme again, sometimes the memes write
50:42
themselves and all you have to do is just connect the dots and
50:46
make a little clip on Twitter as an ill said, so does here, and
50:52
he goes in a tweet, the first Step of shooting fish in a
50:55
barrel is to get the fish in the barrel and what he's talking
50:58
about. He's got a few screenshots here.
51:00
And the first one is by the bank of England and they are
51:03
endorsing a digital pound and how the digital power will be
51:06
designed for everyday payment by households and Bennett and
51:08
businesses and you know, the benefits of their digital lb AKA
51:12
their CBC in England. And then this next screenshot is
51:16
the European Central Bank and they go on to say our priority
51:19
for the digital Euro project, can always been clear to
51:22
preserve the role public money and Payment by making it
51:25
available in digital form along. Cash says, you see be member
51:29
Fabio Panetta and then the next one we have, the Federal
51:32
Reserve. And what are they talking about?
51:34
Oh, they're talking about what is the central bank?
51:36
Digital currency is CDC, is a digital form of central bank
51:39
money that is widely available to the general public.
51:43
And then, oh wait, what do we have here, another tweet by the
51:47
Bank of Canada talking about more and more Canadians are
51:50
using digital payment methods and our role in supervising
51:54
Retail payments. Again, it's something we
51:56
continuously talked about on the show is that they always angle
52:01
this. As oh, we're just here to
52:02
improve digital payments. It, make your money move
52:05
quicker. You know, we're trying to
52:07
protect the retail customer and in reality, we know what they're
52:11
doing again. I don't want to put on my
52:12
tinfoil hat, but it does seem like a controlled demolition
52:16
because they understand that the Fiat Legacy system is in trouble
52:19
and the need to Corral you into their CBC.
52:23
And again, he Ads follows this up with another tweet and it
52:26
goes slowly. See, be telling the truth for
52:28
once the digital Euro our money Wherever Whenever we need it.
52:32
Again, the first step of shooting fish in a barrel is to
52:36
get the fish in the barrel. Do not do not opt into the CBD.
52:40
See system. It is Bitcoin order to slavery,
52:43
Bitcoin is freedom, and this is the message that we continuously
52:47
try to spread to everyone that will listen.
52:49
Anyways, this next meme is again on the same thread.
52:52
This one's by at the BTC. Therapist and he goes your money
52:55
defines. You hashtag Bitcoin and we got
52:58
the Morpheus red pill orange pill Meme here and on the one
53:01
hand, the blue pill is the dollar and the orange pill or
53:06
the red pill is Bitcoin and you can see on the the Fiat side, it
53:09
goes Fiat IRS, IMF World economic Forum.
53:14
What's this one world bank? And then on the Bitcoin side we
53:17
have Infinity divided by 21 million, Twitter, lightning
53:21
Bitcoin and we got a cold card in a ledger.
53:23
And the Bitcoin sign and we got Michael sailor.
53:27
What's the second best? There is no second best.
53:29
Do not opt into the FED now. Instant payment system and we
53:32
even have a clown Peter Schiff on the bottom because your money
53:37
defines you choose while wisely it is Bitcoin or it is slavery
53:40
or as Bitcoin said you're against Bitcoin, you're against
53:43
Freedom. This next meme is by Lord
53:45
boggling and this is a classic template here and it's the, you
53:49
know, I don't even know where this original picture came from
53:53
but it's You know, an army, dude, with a gas mask on in what
53:57
may seem to be the present moment or the future apocalypse
54:01
that we might be. Fighting are finding ourselves
54:03
fighting in. And it goes, hey friend, listen.
54:05
I know the world is scary right now, but just keep stacking
54:09
sads. This is the way guys, Bitcoin is
54:11
Hope. Make sure you are taking your
54:13
money outside of the system because you do not want to fall
54:18
with them as they go down themselves.
54:20
I don't know if you know, but if you've been following along
54:22
closely the last couple of The banks don't seem as safe as they
54:27
used to especially if you're a Bitcoin ER and you are awake to
54:30
what is happening. Anyways, this is actually Amazed
54:32
by at Bitcoin underscore a tourney goes Bitcoin.
54:34
Before. It is too late, and we got a guy
54:37
stabbing a normie. And the guy stabbing the Normie
54:40
is the financial system collapsing.
54:42
And the Normie is just sitting there unfazed, like, whatever.
54:45
And I brought this one on today because this is exactly how it
54:48
feels when you go out there in the real world that was actually
54:51
kind of talking about his Hat before the show started, he's
54:55
like, yeah, someone actually came up to me and was like, hey
54:58
does that Beast down for our neighborhood?
54:59
He's like now it stands for Bitcoin in the guys.
55:01
Like, okay. Yeah, anyways, I don't want to
55:04
talk to you, so it's very interesting for me, is asleep.
55:07
Still out there again. I keep referencing The Big Short
55:10
clip where Steve Carell is walking around like everyone's
55:13
acting. Like it's a any of video.
55:15
It's amazing how people either are just completely asleep at
55:18
the wheel or just completely unfazed, you know, just just
55:22
don't care what's going on in the world is Long as they got
55:25
the bread and circuses and their shorts and tick-tocks and
55:28
Instagram reels. Going on, their dopamine
55:31
receptors are fried and this is financial system is collapsing
55:34
and they're just like, yeah, whatever.
55:36
This next meme is by at Jose as bam and he just goes hashtag
55:40
Bitcoin. And I know some of you
55:43
Millennials out there. Remember this toy, the Bop It?
55:46
Anyways, you guys bop it and goes twist.
55:48
It turn it. You don't have enough Bitcoin
55:50
and then the the realization. Oh my God, I don't have enough
55:53
Bitcoin. And then you let go the bop it
55:55
as you go stack some Bitcoin. Because again, I think it's
55:59
important for us to continuously be the drum that you do not have
56:02
enough Bitcoin. And this next one is an
56:04
honorable mention. I just had to put it in because
56:06
people were loving it. While he's not here and we got
56:12
the classic before Bitcoin verse after Bitcoin Meme and led.
56:17
We got a very young, you know, useful naive, and through, don't
56:23
yet. Nico and it's before Bitcoin and
56:26
then we got after Bitcoin, we got Nico with his long hair and
56:29
his long beard, just rugged. Nico been through battle and I
56:33
really like this one comment. Hold on.
56:35
Let me see if I can get it up here.
56:36
I need to update here. We got this comment by BTC
56:39
sessions in here where to go. Anyways, off the top.
56:43
There you go. BTC says.
56:46
She's just isn't even his final form.
56:48
Oh my goodness. Before Bitcoin, after Bitcoin.
56:52
Absolutely amazing. Anyways, Drop Your Meme review
56:55
score in the chat as we cover hours live.
56:59
Oh, let me see. Do I have?
57:01
I don't think I have the epic epic music in here anymore, or I
57:05
haven't got it up here yet. Okay, no.
57:07
Epic music for you guys today. Anyway, my mean were you score
57:09
today is this? Do alt two.
57:13
Alt drill because we are building.
57:15
So on that note, you know, shuts out the Becca.
57:19
All right, Joe, what's your score for today a Japanese own?
57:23
Any demon hat unit roosting. Listen to your inner demon as a
57:28
what is it? Socrates, or Plato.
57:29
Did it just tells you buy more Bitcoin.
57:32
That's all it says, it's showing you to buy more Bitcoin.
57:34
Now, talking about emotions Bitcoin.
57:36
Anyways, guys, as you know, shouts out to our clothing
57:39
sponsor represent LTD on Twitter or represent LTD.com on the
57:45
interwebs, we wear the merge every single day.
57:48
I got the dropping bombs meme t-shirt, I think Dells wearing
57:53
the highwomen They are pretty much all sold out.
57:56
There's no more hoodies. I think there's only a few
57:59
t-shirts. Del told us that he even tried
58:02
to get one and he couldn't hurt to get you and I could only get
58:05
one. Yeah, yeah.
58:06
So hey, they're going fast, we appreciate every single one of
58:10
you that supported represent any ways you could use promo code,
58:13
simply Dash Bitcoin to get a discount and get the merch while
58:19
it lasts because we still don't know exactly.
58:23
When the next merge drop is going to happen, but hey, it is
58:26
going fast and we appreciate everyone that supported
58:29
represent and got themselves, some simply Bitcoin themers.
58:32
I can't wait to see you guys wearing it in the wild.
58:36
Anyways, let me see. Let me see some of these some of
58:39
these memes in here, meme review scores.
58:41
Okay, let's go. First one is by Elaine and she
58:48
goes score more bitcoiners, testifying publicly to the
58:52
Wonder power and freedom. Of Bitcoin.
58:55
I absolutely love it. This next one is by Igor.
58:58
I give those memes zero fucks, absolutely agree.
59:02
Okay. This next one I think I'm
59:04
getting trolled in Bitcoin, Becca.
59:06
I give the these memes some screws for Opti, okay, I'm not
59:10
sure, I'm not sure if that's a double entendre or whatever.
59:15
Anyways, this next meme is biopsies Coke from McDonald's,
59:19
score a Bitcoin shield and hat to defend against the Monetary
59:24
demons. Let's go.
59:26
Absolutely love it. I guess that's all we have for
59:29
so far today. Anyways, guys, we really
59:33
appreciate every single one of you guys that hangs out with us.
59:36
Every oh, wait, wait, one more, one more ran more.
59:41
I give Jiffy Pop. I don't know what that means.
59:45
I don't know what that means. It pop like soda.
59:47
I don't know. Anyway, yeah, I don't know.
59:50
I don't know. I don't know what that one
59:51
means. Okay, anyways guys, really Every
59:54
single one of you guys and if you like the show, go check it
59:57
out. An audio only form.
59:58
We are our anchor Spotify, Apple Fountain.
1:00:02
I know you guys are giving me shit because I keep on
1:00:03
forgetting to give you guys a comment, but I did have them on
1:00:07
Friday. I just forgot to bring them on
1:00:09
the show. So I will cover them next week
1:00:12
or something next week. This week on Friday.
1:00:15
I have last week's receipts and I'll bring up this week's
1:00:18
receipts. So really appreciate everyone
1:00:20
streaming the SATs. And this is just back to the
1:00:23
idea. It's not just about simply
1:00:24
Bitcoin, it's about getting all the Bitcoin message out there
1:00:27
because the world still doesn't know that Bitcoin is the
1:00:30
solution to this problem that we are seeing in the world, the
1:00:34
world has given up their power to the monetary demons and now
1:00:37
you can take it back. And so do this today take your
1:00:41
Bitcoin into self custody Glad you guys are here and we will
1:00:46
see you tomorrow for our gnomish O'Dell.
1:00:49
Glad to have you. I'm excited to move forward.
1:00:53
How was your first day? Let's before we close.
1:00:55
I was your first day, bro. How is the first day on the job?
1:00:58
It was fun. Yeah, good times.
1:01:01
Yeah, I liked some, I don't know who was it.
1:01:04
I'd have to scroll down, but somebody called me Del the Funky
1:01:08
hold Sapien, I saw that. That was, that was a good one.
1:01:12
That was a good one. All right.
1:01:13
Well, Guys, we will be back tomorrow.
1:01:16
Really appreciate every single one of you guys.
1:01:18
And on that note, we'll see you later tonight.
1:01:21
Oh, actually, we have an IRL tonight, five p.m.
1:01:24
Eastern time. Come check it out and we will
1:01:27
continue to give you guys the signal.
1:01:30
On that note guys, we'll see you tomorrow, peace out.