Latest / Simply Bitcoin / WHY AFRICA ADOPTION WILL TAKE BITCOIN BEYOND $100K | EP 500

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WHY AFRICA ADOPTION WILL TAKE BITCOIN BEYOND $100K | EP 500 · Simply Bitcoin

0:00
Welcome back everyone. We're simply Bitcoin.
0:06
It is the weekend recap. We break down the news.
0:09
The daily fail mean review, software releases Hardware
0:12
releases and the pleb sites joining us today, return guest
0:17
co-host of Bitcoin kindergarten Optimus fields, and new member
0:23
to the simply Bitcoin team fellow Bitcoin ER, and pleb
0:28
Hans. I'm Hans.
0:30
Thank you very much. Good to be here man.
0:35
It's great to have you join us on the show.
0:37
This is awesome. Here we go.
0:38
He knows the drill. We're diving into the numbers
0:40
Nico. Let's do it.
0:41
Not brought to you by noddle. They make some of the best
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Bitcoin oats like the famous novel Dojo.
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It's in red. That means it's faster.
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It's also made of metal. Very good quality.
0:50
Remember guys, if you don't run your own version of Bitcoin core
0:53
and the lightning Network, all in the comfort of your own home.
0:55
You're trusting someone else's. That's a big No-No for privacy.
0:59
So get El venado Bitcoin know today at the time of this
1:02
recording the block height is seven hundred thirty nine
1:04
thousand four hundred seventy three the Bitcoin price 30,000
1:07
15 chain rewrite day, 763 total public lightning capacity 3950.
1:13
3.76, Moscow, time 33 32 blocks to The Happening 100,000 527 and
1:21
the samurai Whirlpool unspent capacity.
1:24
Samurai. Whirlpool is a coiner
1:26
collaborative. Spend.
1:27
It is not a mixing service and the unspent.
1:29
Capacity for that. Pool is 4550. 7.62 3, BTC Nico,
1:37
the numbers, the numbers. All right, you guys know the
1:39
drill it is Sunday. It is, it is the day to make
1:43
Phil feel uncomfortable because Nico passes on the number
1:48
segment, The Optimist Fields. This will be the third time.
1:52
He hosts a number segment. Let's see how he does.
1:56
No pressure. All right.
1:59
Well, thanks for that setup. Nico, feeling the pressure a
2:02
little bit but that's neither here.
2:05
Nor there pressure though. No pressure.
2:10
You already know you're stuck with me.
2:11
Every Monday with the numbers and I noticed a trend this week
2:16
that you plebs loved out there on Twitter.
2:18
So you guys can tell me whether I'm flooding or we are breaking
2:22
some some good signal over here. So of course, of course, it has
2:26
to do with coinbase, the play. Love dislike and coin based, and
2:30
for good reason, before I go in delete coinbase.
2:33
We don't even have to go further.
2:34
But first and foremost, guys, look, I may be fighting
2:40
coinbase. I may be reading things into
2:42
this, but it seems like coinbase is feeling some pain in the
2:48
quote-unquote crypto winter. So, first and foremost through
2:52
the numbers, guys, if you see on the screen, FTX has overtaken
2:55
coinbase in its first time ever. In May so guys, coinbase has
3:01
been the freaking exchange for as long as I have been in
3:05
Bitcoin. And now they're starting to lose
3:07
that share. And as you can see right here,
3:10
the discrepancy is in the average dollar value portrayed.
3:13
So FTX is moving moving money. Coinbase has basically average
3:17
size of 1K portrayed. Ft.
3:19
X is 2 K. So they'll coinbase is still,
3:23
you know, the market share a lot of the market shares.
3:24
Go into smaller exchanges, and the trend is Zac the market is
3:29
consolidating on smaller players, but as you can see, FTX
3:33
is coming in and making some move.
3:35
So, you know, I've came over to Corn market cap.
3:38
I got dirty for you guys. I'll go take a shower later.
3:41
And as you can see, the volume here ft x is still dominating on
3:45
the 24-hour volume of coinbase. And last time I checked, the
3:49
discrepancy was a little smaller.
3:51
We're at 100 billion right now. So that's pretty crazy guys.
3:54
And just to add on this idea of maybe coin basis.
3:58
Struggling out there in the crypto.
4:00
Enter. Coinbase has re-signed
4:02
employment offers two candidates that they were going to hire not
4:06
looking too good as well as extending the hiring freeze.
4:10
So, they're not buying new customers.
4:12
They're not adding people to their company and they're not
4:15
the only one as you can see over here.
4:17
Gemini trust did the same thing. So guys, this is definitely
4:20
something that shit Corners are dealing with as Bitcoin
4:23
companies are growing shit. Coin companies are shrinking.
4:26
So let me go in Is article real quick coinbase, they're
4:30
shrinking for the foreseeable future as they prioritize
4:33
effort. And as I go down here, they're
4:36
losing money, but that's not the main point.
4:38
What I like is this saying right here where Chief product Officer
4:42
says, we are increasing its Locus on critical
4:45
revenue-generating products by doubling down on core products.
4:49
And if you know me on Twitter, I've been advocating that
4:54
coinbase if they really want to go back to the core product is
4:58
they definitely emphasize Bitcoin and Bitcoin layered
5:01
Solutions, but that's neither here, nor there.
5:03
I think the main point is that coinbase is losing freaking
5:07
users on its app. And now whether that is just
5:10
because of a, the bear Market, you know, crypto winter, that
5:13
could definitely be the case, but it seems like they have been
5:17
losing retail, customers sent May 20 21.
5:20
So have we been in a bear markets in 2021?
5:23
I'm not sure, but they're high of 3.9 million downloads of
5:27
coinbase. Is way under I think it was like
5:30
75 percent lower in a Year guys. So it's crypto.
5:33
Dead is coinbase dead. It's unlikely, but are they
5:37
struggling? I don't know.
5:38
It seems like they are struggling to keep their product
5:41
going through the crypto winter and it's just a little cat bit.
5:45
It seems Again by the numbers that the coinbase officials have
5:48
been selling their 1 billion dollar or have sold a billion
5:52
dollar of their stocks since their IPO.
5:55
Now guys. This isn't really a big thing
5:57
when it comes comes to firms going public.
6:00
They always sell, you know, their shares so they can get
6:03
some money from cash flow, but it's interesting to see the
6:06
names on the list of who I've been selling.
6:09
And right here. One of them is fredersen.
6:11
So guys, we've been telling you for a while.
6:15
You guys are the exit liquidity. So they're selling tops and
6:19
they're buying the bottom. So, feddersen has been buying
6:22
millions of dollars of coin based stock at the bottom and
6:25
it's third time, you've been doing this.
6:26
So, They're packing their bags on the bottom guys.
6:30
Now whether this means that coinbase is going to go down
6:34
probably highly unlikely, but it does mean that they are losing
6:38
share of the market. And it may be signs that come
6:42
that coinbase is no longer going to be the number one shit coin
6:46
casino. Maybe FTX is taking that market,
6:49
maybe coinbase can pull something out of their ass and
6:52
they pivot to bitcoin highly unlikely.
6:55
So it coinbase or Better yet. We'll coinbase become the AOL
7:00
Bitcoin. We shall see but it's looking
7:04
like they're struggling. Anyways, Nico, Phil Hans.
7:07
What are your thoughts? First of all, great job credit
7:10
profiles for Optimus. She just keeps getting better
7:12
and better every week. If you guys want to know how
7:16
shitty Phil. And I were, when we first
7:17
started doing this, take a look at the first.
7:20
Take a look at the First episodes.
7:22
We were absolutely horrendous. Optimus just skipped a whole.
7:27
He just what I like, He sees in the city.
7:29
He just went to the last level while filling I struggled for
7:33
here. I learn from the best.
7:35
So, the terms of coinbase. Yeah, so coinbase made their bet
7:39
on shit coins, right? Jack mahler's famously said this
7:43
in and I think it was a Peter McCormack interview or podcast
7:49
coinbase made their bed on shit coins, right?
7:51
They made their bet on being this kind of shit coin, casino
7:56
on collecting on the fees. To kind of be like this exchange
8:00
type of function, but I don't really see that as the function
8:04
of Bitcoin. I see that the function of
8:06
Bitcoin is Building Services around Bitcoin and that is what
8:10
cash app. That's what strike.
8:13
That's what I'm sure Swan will do in the future.
8:16
Right? And what's interesting about
8:18
Swan and of course, they sponsor us, but what's interesting about
8:22
Swan. The reason I like them is that
8:24
they're or Cory and them are proving that you could Old
8:28
successful Bitcoin exchange around the Bitcoin ethos and you
8:34
could still make it very big and very successful without the
8:38
necessity of having to sell shit coins in the first place.
8:41
Right? Whereas in coinbase, they
8:44
doubled tripled quadrupled down on this shit.
8:46
Cornering that a lot of it is Securities.
8:49
What do they expect? Do they expect that like every
8:52
ten years or so more shit coins. Will flood?
8:54
What is the reason for them? Existing?
8:56
Right? I think I think Brian Armstrong
8:58
made a terrible bet, but the other day, he cashed out 262
9:01
million dollars, right. And he's a billionaire on paper.
9:04
So, yeah. Again typical shit coin rug pool
9:08
100%. I think the stock got absolutely
9:11
hammered. So yeah, I mean, but what do you
9:15
expect like? What do you expect?
9:17
They made a bet on shit coins? I think it's going to hurt them
9:21
tremendously in the wrong era, long run.
9:23
It's in their name coinbase, right?
9:26
I don't think they have a choice.
9:28
But to stay I think lightning. I think the lightning Network
9:31
kills so many of the use cases. And again, you have successful
9:35
companies that are building solely on bitcoin that is really
9:40
breaking that narrative that you need to in order for you to stay
9:44
relevant in the industry. You need to be selling all these
9:48
shit coins. I think it's a short-term gain
9:51
for a long-term loss and examples of that are Swan strike
9:55
cash app cache, app being NG the most, I guess, because it's
9:59
connected to square being already public and they're
10:02
absolutely crushing it. So do you really need to sell
10:06
these shit coins to unsuspecting investors that specially Noob
10:10
investors? That are getting in thinking
10:12
that somehow their shit coin is equivalent to bitcoin and they
10:17
suffer from the unit bias because they see that Bitcoins
10:19
30,000 dollars. They feel like they missed out
10:22
then they don't understand that they could buy SATs, right?
10:24
So it's just a bunch of stuff. I think Optimus.
10:27
You did great. Job at breaking it down.
10:29
Those are my thoughts Phil. What are your thoughts?
10:31
And we'll pass it on to Hans. When a company when company's
10:36
IPO, it's not unusual for them depending on the hype cycle
10:40
behind it. Depending on the timing, it's
10:42
not unusual for a company to IPO at a much higher price and then
10:47
slowly drift off now, of course, it's I'm proud.
10:50
I'm pretty sure that the IPO to around the time that Bitcoin was
10:53
leading up to all-time highs. So I'm sure that that was no
10:56
coincidence on their part in terms of, in terms of when they
11:00
decided to push through the IPO, but I know those things, take
11:02
some time to go through. But the point I'm trying to make
11:05
is that it's not unusual for these companies to go through
11:08
these price cycles. That being said, at the same
11:12
time, the interesting information that ft x is taking
11:16
over in terms of. That's not just nothing right
11:19
coin basis. Let's say doing an average of 1
11:21
K. They're doing an average of 2 K.
11:22
They're doing an average of double.
11:25
So that's really I mean, that that's that's really not that
11:29
good. You know, like that's really not
11:31
that good for coinbase. But look, there it was funny
11:33
that comment about going back to their core business because
11:37
their Core Business really is should coining for the people
11:40
that were not here in 2017. 2018.
11:43
When coinbase first when they first blew up, the first thing
11:47
that they introduced was shit coin education.
11:50
Okay, they didn't introduce Bitcoin education.
11:53
They didn't have people talking about Bitcoin.
11:55
They People what was happening is people were signing up and
11:58
they were given free shit coins to do courses and like not even
12:03
really full courses, but liked, it's just a stupid, you know,
12:06
quickly, these kind of like stupid stories teaching you
12:09
about shit coin use cases. Anyways, it was just complete
12:12
nonsense and garbage. Look, this is what's great about
12:15
the free market. If it's still exist in some
12:17
capacity, the free market will determine who is the winner and
12:21
who is not. And if people do not want coin
12:23
basis product, which I personally suggest If they don't
12:25
use them, I don't then hey the then they're not going to,
12:29
they're not going to make it and somebody better is going to come
12:31
along. Yep.
12:34
Oh great. I'm thought about coinbase in so
12:38
long. I already forgot.
12:39
His name is Armstrong, right? Yeah, Brian Armstrong.
12:43
Yeah. Yeah.
12:43
In the beginning, he was like, you know, even coinbase.
12:46
He was like etherium is got to go away and all these altcoins
12:50
got to leave just Bitcoin and he switched his tune.
12:53
As soon as he found out. He can make money off these all
12:55
claims and then he started like a crack dealer given giving a
12:57
little pellets to every one of these free coins.
13:00
Be do a test and man, people got hooked, and they're like, you
13:03
know, Queens up here and there like this quitting at 80,000 of
13:06
them. And it's like, didn't get 80,000
13:09
in a bag of rice and still two dollars.
13:10
It's worthless. So, you know, you're muted Nico.
13:15
Yeah, so great observations by Hans.
13:18
I love the way that he explained it and that's exactly what
13:21
they're doing. They're subsidizing their really
13:25
subsidizing their their, their whole like, a lot of these coins
13:30
are existing solely because they're on Quaid.
13:33
Base and coin basis in directly attacking Bitcoin, by
13:37
essentially handing these things out and making a lot of these
13:40
people believe that they're equivalent right now.
13:44
I'm not a fan of any government solution.
13:46
I think I agree with Phil. I think the free market needs to
13:49
do its thing. We saw it.
13:51
Do its thing beautifully with Luda, just flush it out and
13:54
every single bear Market a flush happens.
13:57
A lot of 95% of these shit coins will not exist in the next cycle
14:02
and that's why we Wait for Bitcoin only.
14:05
So yeah, screw your Brian Armstrong anyway, so it's time
14:08
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Check them out. They're gonna have a nap soon.
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The link is down below. All right, we are just gonna go
14:33
Go across don't know what happened this weekend, but it
14:35
just seems like the nft world completely cratered.
14:38
Anyways, not that it wasn't cratering before but it just it
14:42
just kind of slid a little faster down that Landslide.
14:45
Anyways. Anyways, let's let's dive into
14:47
this. Here we go.
14:48
Tweet from Watcher Guru breaking board, a Piat club and other
14:52
side. Metaverse Discord servers have
14:54
been hacked. Millions worth of nft s
14:56
reportedly stolen. Oh my gosh.
14:59
We are so surprised that things went terrible.
15:03
Okay. Here we go, a 10 ft herder,
15:06
Basie and other side discords. Got compromised, seems because
15:11
Community manager at Boris Magner got his account breached,
15:14
which let the scammers execute their phishing attack over. 145.
15:18
E8, was stolen proper permissions could prevent this.
15:24
The fact, the fact that your NF teaser sub septuple to this type
15:27
of attack, should should worry you that that should already
15:32
worry anyone. To begin with.
15:34
Anyways, anyways, not going to do a big thing into this story.
15:37
Let's just dive into this tweet here for anyone interested here.
15:40
Here's my May 20-22 data on the Discord breaches.
15:44
That's right, people. If you are doing this and you're
15:48
going on Discord servers and you're messing around with then
15:51
FTS, there's a really good possibility that it's not going
15:53
to end up to well. Anyways, these breeches won't go
15:55
away anytime soon. So, please take proper security
15:58
measures and stay vigilant and just taking, but it's that.
16:04
You shouldn't be shit coining. That me what it is.
16:07
Take take stronger security. Like what is that mean?
16:10
Like, take self custody? Like I don't get it.
16:13
What does that mean? Let's see, Nico.
16:15
Some of them do know better. The best way to eliminate
16:18
breeches is to not use Discord really, though?
16:21
Really though we shouldn't have people pretending that this is
16:25
money. Anyways.
16:26
Anyways, that's how I wanted to start.
16:28
That's how I wanted to start the segment because now we're going
16:31
to dive into a story that has To do with NF teas and it has to do
16:35
with the future looking Beyond with then fds.
16:39
That's right. Here we go.
16:40
We're going to look beyond beyond the hype and ft's can
16:43
lead the way in transforming. Business experiences.
16:48
Yeah, get ready. This is going to be such a pile
16:50
of crap. I feel like Hans.
16:53
Is this one of your links. It probably looks familiar.
16:56
Yes, honey. Your legs.
16:58
It's either yours or toxic at or sigh.
17:00
I'm not sure. It's one of you three.
17:01
But anyways, alright, let's dive into this one.
17:03
In the emerging decentralized, web three economy and FTS will
17:07
enable creators to connect with and serve clients in brand new
17:11
ways. Stop me.
17:13
When you understand what I'm talking about.
17:15
Big brands have already jumped on the non fungible token
17:19
bandwagon, including Nike, the National Basketball Association,
17:21
Pepsi and even Taco Bell, but are these just for the show?
17:25
Or are these nft, is creating value now?
17:27
I'm pretty sure it's just for the show.
17:29
Anyways, and if T is this is this is one of my favorite
17:33
lines. NF T's tokenize, ideas.
17:36
At the atomic uttama, stick level creating a rivalry and
17:41
exclusivity around goods or services.
17:45
That's right. Now.
17:46
Don't get me wrong. I've never used a Thomas stick
17:49
in a sentence as you as you can hear, by not protecting you.
17:53
It's actually a word that I have to go look it up.
17:55
So I've having to do with atoms or a Thomas atomism, consisting
17:59
of many separate often disparate elements.
18:02
Pertaining to Adams relating to atomism.
18:04
Okay. Okay.
18:06
Yes. This is very this is very
18:08
interesting stuff. So you see kind of fooling
18:11
people with a little bit of the the bullshit because really what
18:13
I just said, you was absolutely nothing.
18:15
Anyways, I'm going to continue and FTS creating rivalry and
18:18
exclusivity by leveraging, smart contracts, on the blockchain.
18:21
That deliver. N FTS to people's digital
18:24
wallets when they make a purchase.
18:28
I want you to think about this. You go make a purchase and then
18:33
you get n FTS deliver to your wallet.
18:36
Now. I'm going to supplant another
18:37
idea. See if you guys can keep up with
18:39
me. Okay, I go make a purchase at a
18:42
store and I get points on a gift card.
18:46
I know, I know, I know it's I sound stupid.
18:50
I'm sorry. Okay.
18:51
Anyways, I'll continue. I'm sure that the use case gets
18:53
better second. I also believe that
18:55
organizations can use nft to efficiently attract and engage
18:58
different tiers of customers. Which in there.
19:00
Own unique way, whereas traditional marketing involves
19:03
selling goods and services at a discount, perhaps for a limited
19:07
duration of time and FTS allow Brands to Target, specific
19:10
customers and reward. Those who want to engage perhaps
19:13
a fashion brand decides to airdrop, discount, codes, or
19:18
special offerings that are not available anywhere else to nft
19:22
Holders. Normally, that would be
19:24
prohibitively expensive to do at scale, but n FTS provide a way.
19:30
Away, keep in mind, companies have been marketing to people
19:35
for years. There are entire marketing
19:37
companies. And even if you decide to
19:39
airdrop with your NF tease, you still have to market the nft.
19:42
So you're never getting around the marketing.
19:45
That's why the shit coins, use the marketing Vehicles.
19:50
Anyways, I just, I don't see a point to this, but I'm going to,
19:53
I'm going to continue here, going to continue with this
19:56
pain. Think about the types of
19:57
businesses that are most likely to benefit from FTS.
20:00
It is precisely the smaller organizations that do not have
20:03
as much of a marketing budget to implement large-scale campaigns
20:06
and discounts that benefit from the reduction in cost that n
20:11
ft's provide to Target consumers and invite them into a
20:15
community. How do you know that your
20:18
customers are even using n ft's? Don't you want to know that your
20:20
customers are actually using the product that you're selling or
20:23
the sir? Anyways, let's continue.
20:28
Here we go. Now we're enhancing B2B
20:30
services. Business the business services,
20:32
although it's easy to see how in FTS can enhance the consumer
20:34
experience. Ranging from Fashion to content
20:36
content creation. What about businesses that sell
20:39
services to other businesses? Imagine for an example, a
20:42
consultancy where businesses bid over time with different
20:46
Consultants by buying their n FTS.
20:49
Think of what I just read to you.
20:51
Why the hell would somebody buy NF teas and bid for a job
20:54
through the purchase of nft that doesn't make any sense at all.
20:57
There's already mechanisms for bidding for Twerk, it doesn't
21:01
need to be a shit coin. Anyways then consult and then
21:05
consultant income with vary based on market demand and
21:08
Supply, providing stronger incentives for each person to
21:11
carry their weight and add value in the process as well as an
21:13
opportunity for businesses to hire their preferred top talent.
21:16
The same could go for an institution of higher education,
21:19
where faculty produce NF, T's of their content, and can license
21:26
it out to businesses as an additional source of You
21:31
decreasing the need for growing tuition such an approach.
21:36
It doesn't you to me already exist.
21:38
Anyways, such an approach would also encourage faculty to create
21:42
content that actually engages with the demand of The Market
21:44
Place rather than just talking about them problems exist with
21:48
that within within organizations.
21:49
There is no price, instead internal, labor markets, and
21:52
organizational decision-making functions through hierarchies,
21:55
but these are inefficient and there is a wide array of
21:58
transaction costs. I don't Understand how NF T's
22:01
fixes any of this. Such frictions can be resolved
22:04
through the use of an internal economic system, where tokens
22:06
are used to facilitate exchange, for example, raising an
22:09
employee's, salary might be a risky bet but paying them in
22:12
tokens creates additional skin in the game and incentives to
22:15
perform since the tokens. Can Only Be redeemed if the
22:19
employee remains in the organization, this is this is
22:23
completely messed up stuff. I believe the secret sauce is
22:26
the ability for nft is to create rivalry and exclusivity at the.
22:30
Here we go again, And atomistic level around ideas.
22:34
Now, before we move on, I just want to point out.
22:37
Here's the Google Trends. Here's your n ftes.
22:39
Here's the desire of those n FTS.
22:41
Okay, by the overall public and that's right.
22:44
It looks like a shit coin chart. And the reason it looks like a
22:46
shit coin chart is because it is indeed a shit clean.
22:50
So look, I know that that article was painful, but it's
22:54
really scary and important that we understand just Just how much
23:00
these people are smoking to create these ridiculous
23:03
narratives. In order to create the idea that
23:06
there is a demand for this type of added layer of complexity,
23:12
and confusion to problems that are already solved.
23:17
They're already solved. They already work and ft's is
23:20
not 10x in any of this. Anyways, Nico thoughts before we
23:25
go to Optimist and Hans. Yeah, dude.
23:28
I think that nft. The ico's of this cycle.
23:31
I think that they won't be around next cycle.
23:33
I think that they'll come up with something different and
23:37
look it. What you saw.
23:38
There was a there, they're trying to create a problem.
23:44
They're trying to create a solution to a problem where the
23:47
problems already solved but they're trying to justify the
23:50
existence of NF T S2 in order to fix that problem.
23:54
No, look at the end of the day. We're simply Bitcoin.
23:57
If you want to buy shit coins and then ftes because That's
23:59
what you want to do and you want to explore.
24:01
So be it just the the message that we try to get across to you
24:05
guys, every episode. And the reason that we cover
24:07
these types of things is to really highlight that they're
24:11
not stores a value. You're buying something that's
24:15
fine. You want to buy because it's a
24:16
collector's item to you and that means something to you.
24:20
Fine. You want to gamble and hopes of
24:23
accumulating more Bitcoin. Everyone wants to do that.
24:26
We suggest you don't. But you know, If you want to go,
24:30
so be it we advocate for is DCA and tip it going just dollar
24:35
cost, averaging low tide preference and what we've seen
24:39
being doing this for quite a while.
24:40
Now is that that is the surest bet.
24:44
But again, I know a lot of you are not going to listen to me,
24:47
anyways, but it's kind of it kind of sucks because what are
24:50
the, what are the art theft movies going to do in the
24:52
future, right? It's just, it's just going to be
24:54
like a right click save rather than the guy like crawling
24:57
through the laser beams. And it's like, oh, Going in like
24:59
getting the statue while before the alarm goes up.
25:02
Like, now, this the now, the theft of art is just like, right
25:06
click save. It would ruin all those movies.
25:10
I don't know. Anyways, Optimus Fields.
25:14
Well, guys, I just heard a lot of Buzz words.
25:17
I don't lie. Don't know what the hell that
25:20
article is saying, but of course, felony Co giving you the
25:24
sauce, because I think I told you guys in the spaces, when I
25:27
was in LA, Sante me and why Nick Hung out with some shit coiners
25:31
and they literally were telling us that they know it and if
25:34
Tisha coin traders that they need to find the new monkey or
25:38
jpeg or whatever shit coined so that they can exit liquidity on
25:44
you and sell you their bags. They literally told me monkey
25:47
coins are out. Frog coins are in.
25:51
So it was like they know they literally know that the new
25:55
retail noobs are the exit liquidity and they're just
25:58
they're actively trying to Dump the bags on you guys and this is
26:01
just further proof that it's all buzzwords.
26:03
Jeez. I don't know what the hell kind
26:04
of tease do. So I do, it's literally, it's a
26:09
picture and you own the hash of that picture and it like a signs
26:13
false ownership because it's like monkey Innovation.
26:16
Just because just because you own the hash to something, does
26:19
it mean get you on the actual image, but it legally to like
26:24
the court, doesn't respect a key on the ass to something like,
26:28
literally. It's Justin in the crypto sphere
26:32
where it's like it gives out it's absolutely ridiculous.
26:35
I guess, that's my opinion though.
26:36
If you feel like buying it, so be it but you've been warmed.
26:39
Anyways, Hans. What are your thoughts on this?
26:42
My friend articles like that? It's like it's like impossible
26:46
physics where they found a paradox or just a phenomenon
26:48
that can use plain recognized by the justice of energy.
26:50
Field wife. Just get away with your nfc's.
26:54
You only by the hash and the only kind of hash that's good.
26:57
It's not that one. So But anyway, it's time for the
27:10
daily meme review brought to you by snow 21, it's the best
27:13
Bitcoin cultural zeenat stories articles Comics by actual
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bitcoiners is artwork for volume 10.
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Every volume has different artwork.
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This is a volume 4, volume to very rare.
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It's almost out, and this is artwork for volume 11.
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It just drops. Remember guys are scarce.
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There's only 1000 physical copies made per volume.
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So get your prints of sit it out, 21 today before they run
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out. All right, everybody, Welcome to
27:39
the Bitcoin mean review. We're review Bitcoin, memes.
27:42
Memes are very important part of Bitcoin culture and they help in
27:45
this narrative trench warfare that we're fighting every single
27:48
day in the internet, on the internet, in the internet on the
27:51
internet. Who knows the difference
27:53
nowadays. Anyways, this is the legendary
27:55
Bitcoin Gandalf. Bitcoin is decentralized ink The
27:59
federal reserve's. I love this template.
28:01
Look at me. Look at me.
28:03
I am the central bank now. Very good.
28:06
Very good. That's awesome.
28:08
Very good. Next one by Bitcoin Gandalf.
28:11
I have no principles. It's that simple.
28:14
This is the famous like, you know, like pointing at all the
28:17
leaders. I think this is Ronald Reagan.
28:19
It's all the presidents or whatever.
28:20
All it's a powerful group of people and you put, you know,
28:23
real Paul and there. And then I told them that I
28:26
never owned a recommended owning Luna or any defy, do.
28:29
Dude, this guy is nuts. I can't even say this on the
28:34
internet. Yeah, he has no principles.
28:37
Yes. No ethics.
28:38
He told everybody to buy a lot of these shit coins and a lot.
28:42
Look, it's not only real pool. The Ron Paul, I would say the
28:45
majority of YouTube channels do not have your best interests at
28:48
heart, but they pedal date. They advertise a lot of these
28:52
shit coins because it does a lot better in the search results,
28:56
then pedaling the boring olds Bitcoin, right?
28:58
The Boring old Bitcoin is a lot AIDS.
29:01
It's search less people. People want to get rich quick.
29:05
Right? And that's what sells that's the
29:07
sizzle. That's why you hear the talk
29:08
about NSD so much. That's why you hear crypto.
29:11
That's what you hear this. But all of these things are not
29:13
going to exist and just it, don't take my word for it.
29:16
Look at the top 10 cryptos on coin market, cap, for the last
29:22
10 years, and see how much they change.
29:24
There is no second best. There you go.
29:27
I love that. Okay, wolf.
29:29
To miss with the with the soundboard.
29:31
Here's Phil Geiger New York State Banning bands, Bitcoin
29:34
mining, but fit cleaners. The lights out.
29:38
Very good. Phil Geiger from unchain Capital
29:41
fine Bitcoin to become a millionaire by in Bitcoin before
29:44
everyone becomes a trillionaire. Ah, this is very good from the
29:47
Bitcoin companies. Shut up and the car man.
29:50
Bro, Rd the legendary Rd when your friend finally sells his
29:54
shit coins and becomes a Bitcoin masty.
29:56
I thought I lost you. It's okay guys.
29:58
This is why I try. To be a little bit more
30:00
empathetic than the Savage shit coins layer.
30:02
That is Phil. We've all been there.
30:05
We've all shit coins. It's an app is part of paying
30:08
the price of tuition. It's all right, you'll see the
30:10
light eventually only and you will be here for you.
30:13
When you do only you can help prevent rehypothecation Smokey,
30:17
the Bear self, custody Rick way. This is great.
30:20
For anyone who doesn't know. This is like an ad in the u.s.
30:24
It's like Smokey, the Bear. Only you could press prevent
30:27
forest fires. It's just Changing wait for
30:30
Bitcoin stuff. Very cool.
30:32
Next one. Bye labra hottel slay shit
30:34
coins. It's a famous Arnold
30:36
Schwarzenegger and the other character in the movie, The
30:39
Predator and they're both Apollo Creed Apollo Creed.
30:43
And they are both huge and buff. And they like, you know, grab
30:46
each other's hands in the beginning of the movie and
30:48
someone made like an artwork out of it.
30:50
And on one side. Apollo Creed is coin, Icarus
30:53
also known as fill on the other side, is core, eclipsed in, who
30:56
is who's competing for Phil? Spot.
31:00
Because Cory has been slaying the shit coins as of late.
31:05
I don't know if he's trying to make a run at Phil.
31:07
I don't know what's going on. Anyways for that.
31:09
I'm going to give you the superior hot sauce.
31:12
I know a lot of people are not going to agree with me.
31:14
That's just because you haven't tried it yet.
31:16
We're not sponsored by them. By the way.
31:17
I just genuinely, like this stuff.
31:20
This called Crystal sauce from Louisiana.
31:23
It's better than Tabasco. It's sauce without the spice.
31:29
Brad. All right, Optimus Fu.
31:33
What? Would you give those memes?
31:36
Guys? Fire memes?
31:37
Shout out to the BTC Padre. One.
31:40
The Bitcoin company one r&d's. There was one more.
31:43
Oh the rug pow1 have to make a point of contention.
31:47
The The American Canadian. I am never hurts to say that.
31:55
I'm Canadian. That's what they say in the
31:59
parliament. Points of contention, but in the
32:02
guy with the wig is like, you guys said a room of powerful
32:08
people. And rug Pao is there that's,
32:10
that's a no-go. Rug pal is not going to make it.
32:14
Anyways, guys, fire memes and I got this special deck by our
32:20
boy, both coin, and this will help you make your seeds.
32:28
Add to your entropy very, very sexy deck of cards.
32:33
I don't think that anymore, but if he does, you should go get
32:37
one. Oh, that's, that's an
32:41
alternative with Optimus was. It was showing off as it's a
32:44
deck of 55 cards, right? Like they are but it has seed
32:47
words written on them. And what'd you do break?
32:50
There's many ways to to create a see phrase.
32:54
What are you can? Cut up the pieces of paper all
32:56
the two thousand words and just pull it.
32:58
Sit and pull it out of the Hat. You could rely on a hardware
33:01
wallet to do it for you. Using the random number
33:03
generator on the device. You could use a deck of cards.
33:06
You could use dice rolls with the Colts card.
33:09
It has a thing for that. So there's many ways.
33:11
But the more the deeper you go down the rabbit hole, you start
33:14
asking questions and you start to say, how can I trust that
33:19
that seed that that Hardware wallet made for me is really
33:22
random and that's a really good question.
33:25
So what bitcoiners tend to do right is that At, they create
33:29
their own seeds, right? Using their own entropy, whether
33:32
that's mixing up the deck of cards yourself, whether that's
33:35
rolling the dice yourself, or whether that's literally cutting
33:39
up those two thousand plus words, putting it in a hat
33:43
mixing it and picking one at a time.
33:45
Right? So look to each their own,
33:49
you'll get to this point eventually, fill.
33:51
What would you give those memes? That was an amazing explanation,
33:55
by the way. Anyways, I am going to give it.
33:58
My soon-to-be packed Triton node.
34:03
That's right. Took the case off.
34:05
My crypto cloaks, that case is sexy.
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By the way. You can get that on crypto,
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34:15
What would you give those memes? I like those names a lot, and I
34:20
will give it this signed season one Walking Dead, eight by ten
34:25
glasses. Let's sit in my studio.
34:29
Wow, this is sick. That is awesome.
34:32
Very very very cool. Awesome scores for some awesome
34:36
memes. Guys.
34:36
We want to know if you agree with our squares you disagree.
34:38
Let us know down in the comment section.
34:40
Make sure to join our awesome telegram group.
34:43
It's a party in there, the links down below and make sure to
34:46
subscribe to us on alternative video platforms because we do
34:49
talk shit about central banks, like Rumble.com and our personal
34:52
favorite Bitcoin tv.com. They don't censor their cuz it's
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Bitcoin TV, but anyways, feel it's time for The Daily News
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All right, so you guys know the deal, we talk about incentives,
35:34
a whole lot on the show and something that I've said, many
35:38
many, many, many times in the past and I'm going to continue
35:41
to say it, is that incentives are stronger than coercion and
35:45
the incentives provided by the Bitcoin network.
35:48
Not just by houghtaling Bitcoin, but by making enter any any
35:54
energy around the globe, no matter how It is potentially
36:00
profitable now. Because before, let's say you
36:03
had a very isolated energy sector like you had a damn in
36:07
the middle of nowhere, or you had some natural gas in the
36:10
middle of nowhere. The fact is that transporting
36:15
energy over a long distance. Actually, you lose energy in
36:19
that Transportation, right? And storing energy.
36:22
Specifically storing electricity Battery.
36:26
Technology isn't so good. And even if You store it in a
36:28
battery. Have you ever noticed if you
36:30
left your iPhone and you charge it to 100% if you just left it
36:34
there you check back. And it's at 95% over time that
36:38
battery loses power, same with power lines, right?
36:42
If you transport electricity, the longer distance, you
36:45
transport it. The more energy is lost.
36:48
Right? So there needs to be like this
36:50
simple medium. That's the world before Bitcoin
36:53
after Bitcoin, doesn't matter how isolated your energy is
36:57
doesn't matter if it's in Middle of nowhere.
36:59
Now, it has value because now it could potentially become SATs
37:04
right? Propensity to become Bitcoin.
37:06
This strengthens the Bitcoin Network and at the same time you
37:10
get rewarded for your work. Why it's called proof of work.
37:14
Anyways, check this out Kenya's. Largest power provider to offer
37:18
geothermal energy to bitcoin miners.
37:21
This isn't anything new. They've been doing that in
37:23
Iceland. Iceland is a very small country
37:26
and has a lot of the hash rate globally.
37:29
Why? Because there's a lot of
37:30
geothermal energy over there. It's a volcanic island.
37:34
I think it's actually sitting on a fault line.
37:37
Anyways, can Jen interesting name.
37:40
It's the Kenya electricity generating company.
37:42
The leading supplier of electricity in Kenya wants to
37:45
provide excess thermal power to Bitcoin mining companies.
37:48
We have the space in the power is near which helps with
37:52
stability. Ah, you're that same argument
37:56
being used in This right by a lot of the Texas politicians, a
37:59
lot of the Texas Bitcoin miners. What are they saying?
38:02
Bitcoin is going to offer stability the grid.
38:05
Why is it going to offer stability to the grid?
38:07
Because if you're using a lot of these renewable energy sources,
38:12
whether that's solar winds, which happens to be the favored
38:15
ones, right? There's not wind every day every
38:18
day of the week, right? This is not gonna happen.
38:20
There's not solar every day of the week, right?
38:23
So what happens is that Bitcoin? Miners?
38:27
Offer their the buyer of Last Resort and they have the
38:30
advantage of being able to be turned on and turned off at the
38:34
flick of a finger snap of a finger.
38:36
Right? So again, this is crazy because
38:39
you're seeing this on another continent stuff that we've been
38:42
seeing in Texas, right? And again, no coercion.
38:47
No Central party. No Bitcoin company.
38:49
Pushing this, this is the power of Bitcoins incentives.
38:54
Miners looking to take advantage of this offering has Already
38:57
approached Kan jian' to discuss the offer and some have
38:59
requested to start with 20 megawatts.
39:02
And upscale later considering there are no Bitcoin mining
39:05
Farms currently in Africa. It is reported that those
39:08
interested in the offering are expected to be mainly from the
39:11
US or Europe currently over 80% of Ken Jennings produce Powers
39:15
provided from renewable energy sources, like hydro and went
39:18
what was I saying earlier to German geothermal usage?
39:21
However, Kenshin does not openly discuss its Excess power
39:25
capacity and that's the key here.
39:27
Here because if it wasn't Excess power, it would be too expensive
39:32
for Bitcoin miners as much as the other side would not let
39:35
want you to believe that the publication reported kangan
39:39
stated that the that by offering clean energy, the company hopes
39:42
to contribute to the reduction of carbon emissions often
39:45
associated with mining Bitcoin. However, the government of Kenya
39:48
has taken a completely different approach to bitcoin and digital
39:51
currency due to its fear of scams in the broader market,
39:55
right? How are you all crazy?
39:57
What is Right? Largest Power.
39:59
Company in Kenya goes behind the back of the Kenyan government?
40:04
Because it cannot resist Bitcoins incentives.
40:06
You see the same thing in China? Chinese Communist Party.
40:10
One of the most powerful governments in the world bands,
40:12
Bitcoin, mining, and what 10 to 20 percent of Bitcoin hash rate
40:17
is still located in China. Why?
40:19
Because of Bitcoins incentives. I'm going to keep saying that
40:22
over and over again. Anyways, previously, the Central
40:26
Bank of Kenya released a document detailing its desire to
40:31
research a cbgc. However, the Central Bank did
40:34
know that through the success of mpesa.
40:36
Mobile Banking service can use recent experience and Innovation
40:40
may be put at risk if they create a cbgc without good cause
40:46
interesting. So, while Kenya is gonna
40:49
potentially benefit from Bitcoin Bitcoin, mining in New York.
40:54
Guess what? That bill that we've been
40:56
talking about. Over the past couple weeks
40:58
months, just passed. So New York has just voted to
41:04
have fun staying poor, following an early morning, vote and
41:07
Albany on Friday, lawmakers in New York, passed a bill to ban
41:10
certain Bitcoin mining operations that run on carbon
41:12
base power sources, the measure now, heads to the desk of
41:15
Governor. Kaeti Hulk Hulk, who could sign
41:19
it into law or veto. IT industry, insiders also tells
41:22
CNBC. It could have a domino effect
41:25
across the u.s. Which is currently at the
41:28
Forefront of the global Bitcoin mining industry, accounted for
41:30
38% of the Hatchery. I would like that number to go
41:34
down. I think a concentration of too
41:36
much hash rate in any single location, any single country,
41:38
even if it's in the u.s. Even if it's Texas is not a good
41:41
thing. We want to centralization after
41:44
all. Now, in terms of the domino
41:46
effect. That's what they're hoping.
41:49
And here's not me, just me saying that right.
41:52
You have pressure from the B Administration.
41:55
We actually covered this with David Zale.
41:57
And David's L is part of the Bitcoin policy Institute.
42:00
And they are essentially the lobbying arm of the Bitcoin
42:03
industry in Washington DC. And we actually went over this.
42:09
I'm not going to go over it again, but the bond
42:11
Administration wants to push the same thing that New York State
42:15
wants to push unfortunately for them though.
42:19
What did I? What I've been saying this
42:20
entire time. Bitcoins incentives.
42:23
Are stronger than coercion, okay.
42:27
Okay, and look, check this out. I've been on top of this, I even
42:30
changed my my Twitter name to Niko, New York prisoner of war,
42:34
or proof of work, whatever you want to, however, you want to
42:37
see it. And I key.
42:39
And I've been talking about this and it's working.
42:41
I'll get to why it's working in a sec.
42:43
I said, bit Banning Bitcoin mining forces underground.
42:45
The incentives are too powerful to resist.
42:47
As is being demonstrated in China?
42:49
New York State thinks they're banning mining.
42:51
What they're really doing is Banning themselves as in the
42:54
government of New York. From benefiting from Knocking to
42:57
make it, you're not going to stop individuals in New York
43:01
plugging in a 6. OK.
43:02
That's not going to happen. What are you gonna do right now?
43:05
Is how you gonna stop that? If they can't do it in communist
43:08
China? What makes you think they're
43:09
going to be do it? You're going to be able to do in
43:10
New York state, right, but it's working because this is a, this
43:14
is a DM that I got on Twitter. These are piece.
43:18
People are maniacal. And again, as I said, looks like
43:21
I'm over at Target, which I clearly was.
43:23
I clearly struck a chord with this person took the time and
43:26
Energy to write me a DM said, Bitcoin mining will be stopped
43:30
in the US and there isn't a way around it.
43:33
Moving your operations to Canada or something if you want a mine
43:38
bra. Exactly.
43:40
I said no they will stay right here in this great country.
43:43
There's absolutely nothing you could do about it.
43:45
And then he's like, we'll see about that.
43:47
Look, reality check. Okay, unless you're going to go
43:50
door-to-door and check every single ones house.
43:55
And every single ones garage, whether they're running a
43:57
Bitcoin, miner or not, good luck, trying to stop Bitcoin
44:01
mining. If they couldn't do it in
44:04
communist China, where if you get caught this, the minimum
44:08
sentence is 10 years and a 250 thousand dollar fine.
44:13
You really think right that you're going to be able to stomp
44:18
it out completely in the u.s. You're not and this goes back to
44:23
the thing that I keep. Why is that?
44:26
Because incentives are stronger than coercion and all
44:31
governments know how to do is coerce the.
44:34
But they're very into, this is Satoshi Zone, quote.
44:37
They're very good at shutting down a central entity there.
44:40
That's what they specialize. They have a monopoly on
44:43
violence, but a decentralized movement.
44:47
They haven't been able to and this doesn't just apply to
44:50
technology this applies in Warfare to a bunch of Vietnamese
44:55
rice Farmers. Kicked the US Army's ass and
44:58
Afghanistan, a bunch of goat, herders.
45:01
Kick the US, Army's ask. Why?
45:03
Because it was a decentralized movement.
45:05
There wasn't a central party saying, okay, do this move that?
45:09
And that's what governments, not only the US, government's in
45:12
general are good at shutting down, but when you have millions
45:16
of people What we advocate so strongly for on the show.
45:19
Taking self custody. Hopefully having an Asic at
45:23
home. How do you shut that down?
45:27
You don't. So that Twitter, DM, good luck.
45:31
You're going to spend a lot more energy.
45:33
Your get, you'd benefit a lot more if you just accepted
45:36
Bitcoin, rather than trying to fight it.
45:38
You try to fight it. You're going to have fun,
45:40
staying poor, like China, and New York State, and any
45:45
government or state or country that It pushes back on bitcoin
45:49
is going to show within the next 10 years.
45:52
It's clearly going to show the countries and governments that
45:55
fought Bitcoin. The most were the least to
45:57
benefit from Bitcoin. So good luck to you because
46:00
you're definitely going to need it.
46:01
Anyways, Phil. What are your thoughts on this?
46:04
Yeah, the the Kenya portion of this is another great example,
46:08
as you said of incentives, playing out and how much
46:11
business is this going to bring to the area, you know, like
46:15
again we're seeing People that need Bitcoin, the most gravitate
46:20
towards it. The most, they even went around
46:23
the government to go and get these mining operations up and
46:26
running. So this is absolutely huge.
46:29
I think that that's fantastic. I think we're going to see more
46:31
and more instances of it and I think what's going to happen,
46:35
right? Secondary effects.
46:36
We're going to start to find out about the prosperity that it
46:39
starts to bring to the different regions that start to employ
46:41
mining. So there's that piece that I
46:44
wanted to say about what's going on in Kenya for for New York
46:47
State. Wait, I mean, who cares, right?
46:50
Like these people and you're absolutely right.
46:53
New York state is not going to be able to stop all the personal
46:56
miners. If there's a region, if there's
46:58
somewhere in New York, right? Like Upstate New York somewhere
47:01
where you can get some type of low energy.
47:03
If you have access to hydroelectricity somewhere
47:06
there. What's to stop you from mining,
47:08
really? It's exactly what you said.
47:10
They're going to need to go door-to-door and that's just not
47:12
happening here. It really isn't?
47:14
They had a better chance at doing that in China and they
47:17
couldn't Stop it. So I just don't see them
47:19
stopping it in New York. Look, I think we've said this,
47:22
you know, we've we've pounded this point in so many times.
47:27
New York is simply making itself Irrelevant in terms of in terms
47:33
of Bitcoin. It's making itself Irrelevant in
47:35
the future infrastructure of Bitcoin, which is really weird
47:39
and scary of such a big city with supposedly so much cloud
47:43
and so much power. Why would you why would you cut
47:45
yourself off like this? But again, Apparently the
47:49
incentives on the other side in New York seemed to be stronger,
47:52
I guess, coercion in New York is winning.
47:55
I have a political answer for that.
47:56
But I'm gonna, I'm gonna, I'm gonna hold it in Optimus.
48:03
What are your thoughts on this, my friend?
48:04
Well, I just wanted to point one thing.
48:07
Out of that article. It said that Kenya had 10,000
48:11
megawatts of dormant lying energy guys, like, that's so
48:15
many Bitcoin and are Bitcoin, miners.
48:17
They're like, this is Whitney. Kanto been telling you guys that
48:21
all this stranded energy around the world just plugging into the
48:24
Bitcoin network is going to make these places start to flourish.
48:27
So super bullish on Kenya. That is amazing.
48:30
I can't wait to see even bigger Farms.
48:32
Go out down there. What do you say?
48:34
20? Megawatts, is 10,000s 1930.
48:37
S. I might get the math wrong, but
48:39
that's crazy. It's around 1000.
48:41
W of geothermal, energy lies, largely dormant, and Kenya.
48:44
Like that's crazy guys, and then just think of how much energy
48:47
She is lying dormant in other places, but of Earth that we
48:50
haven't tapped into like the amount of flourishing we're
48:53
going to have is absolutely insane.
48:55
And then just, you know on the New York Banning Bitcoin, it's
48:58
like New York's. Not going to make it.
49:00
But further just, you know, get like a clarified the ban or the
49:05
moratorium is on bitcoin miners using fossil fuels.
49:09
So no. No, I'm not gonna allow you to
49:12
fucking use their narratives. Okay.
49:14
You cannot say no no, okay. Because in Norway, Why.
49:17
Our way you make it green? That's the whole that stimulate.
49:20
The economy is be great. It's bullshit.
49:22
It just fucking smoke screen. Agree with you.
49:25
It's not about renewable energies, dude, listen and
49:27
Norway, and Norway. Okay, in Norway, 100% of the
49:34
100% of the the energy for miners came from renewable
49:39
energies. You know, what the Communist
49:41
Party of Norway? Still tried to do they still try
49:44
to make Bitcoin mining illegal. Because it's not about green.
49:49
It's about deciding what energy you can use and what energy you
49:54
cannot use. That's what this is about.
49:57
The green environmental. Excuse is a smokescreen.
50:01
We and look, this isn't just me, just saying this isn't
50:05
speculation. We've done the homework.
50:07
We've seen the leaked text from European politicians saying, we
50:12
need to attack Bitcoins price and we need to push a theory, a
50:16
proof. Steak.
50:17
Okay and Norway, which is I think is the Smoking Gun 100% of
50:23
Bitcoin mining in Norway uses renewable energies and they
50:25
still want to ban it. That's the signal.
50:28
They want to ban this thing not because of environmental
50:31
reasons. The environment is is the
50:34
lame-ass excuse that they're using to justify, Banning the
50:38
most inclusive, monetary Network that Humanity has ever seen
50:42
before. So I, I'm not even just like,
50:46
no, because Because what you're doing is, what you're doing is
50:48
you're allowing their framing to work and it's bullshit.
50:52
We've done the research. We've done the work on this and
50:55
fill. We've been covering this for a
50:56
year now. Okay, in the beginning, we were
50:58
skeptical of ourselves real. Like there's no way out.
51:01
This is possible. There's no way.
51:02
This is possible for over a year Phil and I have been covering
51:06
this almost every single day. Okay, it's not about the
51:10
environment. It's never has been.
51:12
Okay. This is about controlling you
51:14
and getting to the side, the elites want to decide.
51:17
What energy you can and when energy you cannot use?
51:21
Okay, that's what this is about. Right?
51:24
So yeah that person that and and you want to see how maniacal
51:28
their supporters are. Look at the DM that I got on
51:31
Twitter. Someone reached out to me and
51:33
said you can't run a certain computer.
51:37
And I said, yeah, I can and they're like, we'll see about
51:39
that. Do you know how crazy that is?
51:42
It's not drugs. Yeah, I'm not creating
51:45
explosives or guns. I'm not hurting anybody.
51:49
What if it's my energy. What if I'm the one that owns
51:52
the oil? Well, they're natural gas.
51:54
Do you? You get, you're getting to
51:55
dictate what I can and cannot do.
51:57
That's what this is about. That's what this is about.
52:00
Right? And you see that with the Davos
52:02
Elites going to those climate Summits, man.
52:06
They Their private jets, there gas-guzzling cars, but the know
52:10
they tell us deplorable is all us peasants.
52:12
All those plebs. This is what you can do and this
52:14
is what you can't do. Like no F that and Bitcoin makes
52:19
us equal to them and that's why they hate it.
52:22
That's what this is about. Don't fall for the environmental
52:25
smoke, smoke screen, because that's what it is.
52:28
It's bullshit and we've done the research to prove it.
52:31
Anyways, sorry. Listen, that's called
52:34
motherfucking boy. Love Mica.
52:36
I'm glad I triggered you because that's why I was going to
52:40
obviously I wasn't going to do any Coach Jones ran.
52:42
I was just going to make the point that what they're trying
52:45
to do is essentially, you know, control the amount of data
52:50
centers, going out there and making sure that we are not, you
52:53
know, fighting for our freedom and using it.
52:55
It's like when you go said, it's a ploy for control and they
52:59
literally just trying to control us plugging in data centers.
53:01
It's absolutely bananas. Hans.
53:05
What are you thoughts? Yes, how do you want to tie it
53:07
back to the go back to the incentives real quick.
53:10
It's like your favorite. There's a concert venue on the
53:13
Shady Side of Town. It's an hour away and it always
53:16
rains. But every time you go, you get
53:19
front-row. Get backstage, passes your
53:21
favorite bands? Playing the incentives are too
53:23
strong. Everyone's going to come.
53:26
It's ridiculous that so many people don't see it yet, but
53:29
they will. Absolutely.
53:32
I completely agree and great analogy.
53:34
Yeah, he's been dropping fire. This entire, we didn't want to
53:38
it. We didn't know what to expect,
53:40
but Hearts has been driving it. That's how my brain is just
53:43
Charles time. So I like, you know, I love it.
53:45
But yeah, I agree. I think.
53:47
Again, I'm going to say incentives, are more powerful
53:50
than coercion. This is why we believe that
53:52
Bitcoin will win Central Bank. Digital currencies will not be
53:55
able to match. Connie's incentives.
53:57
Their only hope that governments have left, right?
54:00
Is using the power of their Monopoly on violence, in the
54:03
power of coercion. Unfortunately, for them.
54:07
And this is what they will learn over.
54:09
The next 10 years is that their violence and their coercive
54:12
measures worked in centralized systems, but, decentralized
54:17
systems, right? Will hold their own, right?
54:21
It's a lot harder to confiscate the wealth of millions of people
54:25
holding their own. Own private keys in the United
54:27
States. Aunt arms bless the Second
54:31
Amendment, then it would be right, confiscating wealth
54:36
centralized in Banks, right? Whether that's gold, whether
54:39
that's cash, right? That's what people tend to do.
54:41
They custody their stuff, which is why we advocate so strongly
54:45
for yourself. Custody in your Bitcoin.
54:48
Take your financial sovereignty. Back.
54:50
Take your power back into your hands.
54:53
Stop. Outsourcing it to Banks, right?
54:55
It's not a good idea. Idea, that just makes it easier
54:58
for the government to confiscate your wealth.
55:01
And we what we've seen over the last 100 years is catastrophic
55:05
examples of governments getting into pressure or them wanting to
55:09
go to war and you know who pays the price.
55:12
The little guy the plebs the deplorable is Right.
55:15
Bitcoin. Gives us the chance to opt out.
55:18
Anyways, feel, there was an open source software released today
55:20
wanting to everybody about it software releases brought to you
55:24
by Cipher safe. Check them out Cipher.
55:26
A safe dot IO paper is dead store your seed in the Cipher
55:31
wheel or the all new Cipher grid.
55:33
They both come with a tamper-resistant wire and the
55:35
grid comes with a punch tool, one of the fellow plebs in the
55:39
telegram, group, tagged us. And we just wanted to give
55:43
everybody a warning. There's going to be a link to
55:45
this Knitter address in the show notes.
55:48
So it turns out that there's a fake.
55:50
There's a fake spiral Wallet app from the Google Play Store.
55:53
So be very careful. Make sure That you don't
55:57
download it. Alright.
55:59
Anyways, the link to this is in the show notes, but we do
56:02
actually have a software release.
56:04
We've got Google oi, money version, 0.1, 0.1, 51.
56:08
That was released its Down Below in the show notes.
56:12
Guys. Don't forget to check us out.
56:13
On our Audio, Only platforms, Apple podcast, Spotify and
56:18
anchor. If you want to stream a SATs,
56:21
check us out on Fountain. Dot f m-- you could stream
56:23
assets through Breeze. Awesome.
56:25
Thank you. Phil Right guys, before we We
56:26
gonna give a very special shout-out to our clothing
56:29
sponsor for the night where the hoodies Every Single Day.
56:32
Represent LTD.com that Bitcoin merch.
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They're coming out with simply Bitcoin merch.
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Definitely go check them out. Represent.
56:40
LTD.com awesome clothes by plebs.
56:43
Anyways, guys, that was our show before we go.
56:45
So, what? I give a very special shout-out
56:47
to our awesome members of Simply Bitcoin.
56:50
Definitely want to give these plebs a follow.
56:52
The legendary, Optimus Fields, also known as Ma.
56:56
I live in truth on Twitter and put his link down below.
56:59
He's the highly regarded co-host.
57:01
Oh, Bitcoin kindergarten. And of course, the new member of
57:05
Simply Bitcoin. He's the official researcher.
57:07
He helps us reach her. He's been helping us with
57:09
research, to be honest, you know, give him a follow on
57:11
Twitter at hansie films Z. Anyways, guys, I wasn't sure if
57:16
you enjoyed the shut. No, wait, I have an
57:17
announcement, guys. Phil.
57:19
It's traveling. This entire week.
57:21
I'm gonna be I'm gonna be hosting with Optimus.
57:24
We're going to make it special. You're Not gonna want to miss
57:27
the episodes, stay with us. Anyways, guys are showing
57:30
interest. So, you know what to do.
57:31
You want to continue hearing the Bitcoin?
57:33
Use from the play Blood perspective, because it's the
57:35
best perspective, and the catastrophic Tales from this,
57:37
from the new episode, the countries that need it.
57:45
The most will gravitate towards it.
57:48
First Bitcoins incentives,