Latest / Simply Bitcoin / Why YOU Are Still Early to Bitcoin | EP 696

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Why YOU Are Still Early to Bitcoin | EP 696 · Simply Bitcoin

0:18
Yeah welcome to another episode of Simply Bitcoin live or number
0:21
one source for the peaceful Bitcoin revolution occurred.
0:23
Breaking news culture medic Warfare.
0:24
We will be your guide through the separation of money and
0:27
state today, I want to talk about a topic that I literally
0:31
can get asked about it gets brought up so many so many
0:35
times. It's something that a lot of
0:37
other content creators have covered as well, and they've
0:40
done so greatly, but we wanted to focus, today's episode on
0:43
that specifically in the question is, are you You still
0:46
late to bitcoin are we still early to bitcoin better set?
0:50
So Luke Broyles wrote a great opinion piece for Bitcoin
0:53
magazine where he dives into that subject specifically we're
0:58
going to cover that today also have some updates on the
1:01
separation of money and state what the states and with the
1:05
what their allies, the central Bankers are doing.
1:07
So you know, we you guys, you guys know, the deal, we bring
1:10
the receipts, we make the case for you guys.
1:13
Anyways, I want to bring my awesome.
1:16
Host, always, optimistic always feeling good.
1:19
He wakes up and he has a giant smile on his face.
1:22
He doesn't need coffee. He's ready to go.
1:25
Nothing Stops him. How you doing Opti?
1:27
Well, still drinking coffee. So fake news, fake News, man.
1:34
Honestly, I hate to be like that Bitcoin, ER, you know, I keep
1:39
having that big short clip playing in my head where Ben
1:42
Rickert is like don't dance I just you know it's hard not to
1:46
To be optimistic right now. It seems like the world is
1:50
blowing up and yet as bitcoiners, I don't think I've
1:53
ever felt safer. It's just like yo, we've been
1:56
telling people this for years. As long as I've been in Bitcoin,
2:00
I've heard the same thing. Like you know, it's inevitable,
2:03
the Fiat system will blow up again.
2:06
And here we are on the verge of what seems to be actual
2:10
contagion in the financial world and as bitcoiners.
2:14
Hey Tick-Tock - Block the price is pumping we're good.
2:19
It's good to be a bit Corner, man.
2:21
It's going to be a big hug and even it's even, it's even
2:23
crazier than that and I don't know.
2:27
I don't know if I want to say everything but let's just say I
2:29
spoke to someone important on the phone and the thing that I
2:36
told them like, okay, basically what I said is the world is
2:43
burning down. There's a potential.
2:46
Financial collapse happening and the price of Bitcoin is pumping.
2:54
Like doesn't that prove the use case?
2:57
Like isn't that like there you go that's all you need to know.
3:00
Like and look, the market doesn't lie, right?
3:03
So when people freaked out about banking app about potential
3:07
Bank, runs about all these things, what happened?
3:11
Price of Bitcoin popped. And I think that tells you
3:14
everything you need to know people, flee.
3:17
And here's the thing, when they flee They ain't coming back,
3:22
right? It's like a one-way.
3:23
It's a one-way Street. Like, once you go and you find,
3:26
like, you feel the incentives of Bitcoin and all the benefits of
3:29
Bitcoin. Why would you go back to
3:31
something inferior? Anyways, just a thought, maybe
3:34
I'm crazy. Let's start the show.
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capacity, 5,000 398 Bitcoin capacity, value, 130 million
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u.s. dollars realized monetary inflation 1.76 percent and the
5:30
market capitalization of Bitcoin 467 billion dollars with Abby.
5:37
Anyways. Nat Bernal went on Fox Business
5:41
yesterday and she had some thoughts.
5:44
Let's check it out and then we will talk about it.
5:46
Let's check it out. Hey what's a recent headline?
5:50
Investor relieved? He pulled money out of crypto
5:53
and put it into bank for safekeeping.
5:55
Joining me now. Coin Stories podcast says
5:57
Natalie Brunell Natalie. You know that headline of course
5:59
tongue-in-cheek but the reality is is crypto especially Bitcoin
6:03
has been the port and the storm. I mean what's the moral of this
6:06
story right now? Hi, Charles.
6:09
Good to see you. Well, you have to laugh at that
6:10
headline because otherwise you could just cry.
6:12
Right? I mean why is it so hard to
6:14
figure out where to put our money these days to preserve it?
6:17
And I think it's notable to see that Bitcoin worked this weekend
6:21
when Banks didn't new people. Join the network blocks were
6:25
created and new Bitcoins were minted on a predictable schedule
6:28
and it just worked. And this is what Bitcoin was
6:30
designed for because the current system.
6:33
The problem with it is not just all the leverage and debt, but
6:36
the trust Satoshi. I warned us that banks are
6:39
trusted to hold our money but instead they lend it out in
6:42
waves of credit bubbles with just a fraction in reserve.
6:45
And so people just need to remember that when they give
6:48
their money to the bank, the bank is making Bets with your
6:50
savings. It's not sitting there.
6:52
It's not backed 121. You're essentially trusting the
6:55
bank to manage counterparty risk.
6:56
In what you have in return, is an IOU on the screen and the
6:59
difference with Bitcoin, is you have a bear instrument with no
7:03
issuer that you can self custody with no counter party risk.
7:07
And you don't have to To anybody.
7:08
But yourself I just hope that lawmakers soon realized that
7:11
Bitcoin is a creative, it's not destructive.
7:14
It will make the world more stable, not less, it adds to The
7:18
Human Experience and it's a store of value competing with
7:20
all the other assets for stores of value.
7:23
And it does not destroy the dollar.
7:24
Frankly, the dollar is dying by a Thousand Cuts at the hands of
7:28
bureaucrats who are taking us further and further into debt
7:31
and Bitcoin is a way to strengthen the whole system by
7:33
presenting an alternative form of hard money, tied to energy.
7:37
Pulled from politics. Yeah.
7:38
But how then how will lawmakers Curry favor?
7:41
How lawmakers print money for the next welfare program that
7:45
the Curry's favor or the next special interest that Curry's
7:48
favor, if they lose control of fiat, currency of, this is not a
7:51
Fiat Central Bank, digital currency Fiat currencies not in
7:55
the driver's seat belt, they lose all of their power, aren't
7:57
that? Isn't that what they're really
7:58
afraid of? I don't think they care about
8:00
the economic message. You just talked about I think
8:03
that people sometimes forget that we hold the power, we're
8:06
the ones electing them, and we get the government that we
8:09
demand and so they might be proposing ideas, like a
8:12
different kind of blockchain. A CB d c--, a programmable
8:15
political form of money controlled by the state, but
8:18
that's not the answer. The answer is a decentralized
8:20
alternative with a cap finite Supply that no one can
8:23
manipulate and that no one can control and Bitcoin offers that
8:27
alternative. Well, certainly Bitcoin has
8:29
shined In a Moment of Truth for sure.
8:31
Natalie. Thank you so much.
8:32
Appreciate Hell yeah, man. So the shout out to Natalie,
8:36
absolutely slate. It talks the talk and but what I
8:40
find interesting though, of course, you know, we all know
8:42
how Natalie feels about Bitcoin, but what I find interesting is
8:45
the anchor, maybe Natalie's been on that show many times or other
8:51
Vic Corners have been on that show it many times.
8:53
But he's saying, what does bitcoiners are saying?
8:55
It's like, yeah, I don't think governments really care about
8:58
all those sound properties of good money.
9:02
I They want to be able to maintain that privilege.
9:04
So men, I think that, I think what we've been saying opt to
9:08
your theory that we've been saying is like trying to, you
9:12
know, get the ideas in the ethos of Bitcoin into, you know, the
9:17
the mainstream Consciousness. That's what I saw there.
9:22
You know, I saw someone who perhaps, you know, he's not a
9:25
bit coin expert, but is very well.
9:27
Versed on the benefits of Bitcoin, the advantages of
9:30
Bitcoin and also to Surprise was hanging like, hey, you know, the
9:35
government may not like this and also shout out to not
9:39
highlighting, you know, the look, if it's not in your
9:43
custody, it's in the bank custody, right?
9:46
Like if it's not your money in your hands, is it really yours?
9:51
Right. And I think that's the message
9:53
that we got a hammer in home, bro.
9:54
Like beat the battle drum over and over again, like, got
9:57
taka-taka-taka-taka taka-taka-taka-taka have to make
10:00
it clear, like, yeah, as BB Bank, blew up signature blank,
10:05
you know. Again depends on who you ask,
10:09
right? You know, they got shut down
10:11
right? New York, regulators.
10:17
And of course, you know, the government steps in and says,
10:19
hey you know, we're going to socialize, you're going to
10:21
socialize the losses, we're going to build.
10:23
We're going to make all the depositors whole.
10:25
They don't talk about. They don't talk about the fact
10:28
that they don't talk about the fact that they don't talk about
10:33
the fact that, you know, where is that money going to come
10:35
from? Obviously they're going to have
10:36
to print it if they print it. You know, we've said this many
10:39
times is a wealth redistribution mechanism from the haves to the
10:42
have him, sorry from the have-nots said of have
10:45
specifically to the very wealthy and Government will talk about
10:48
any of that, right? So anyways, very interesting
10:52
times are living through. But I think the signal out of
10:54
all of that is finally your hearing mainstream pick up like
11:01
lit. Like pay attention like hey you
11:04
know, like this is all sound and Danny but it's the government
11:06
really going to be okay with that.
11:07
And boom, that right there is a signal because that gets you
11:12
that gets most people ready for what's to come with the cbc's.
11:15
If you already have that, Idea in your head, right?
11:18
Like, hey, you know, Governments are more concerned about keeping
11:28
their privilege and their moat, rather than doing, what's good
11:31
by their people. Then you are basically braced
11:37
for the CBD. See propaganda to come like,
11:41
this is good for you. This is more efficient payments.
11:43
This is going to solve everything, you know, adopt ECB,
11:46
DC's. And again, like I've always
11:48
said, like, in the west, I think that's a losing battle for them.
11:52
Sorry. And in the developed world and
11:53
the developing world, Global South.
11:55
That's a losing battle for them because they already don't trust
11:57
the guy on the suit on TV talking about money, but in the
12:02
west, that's where I think the fight is really going to be
12:05
nasty, man. Because I people have a ton of
12:07
financial privileged. People are super happy and
12:10
satisfied with the bread and circuses.
12:11
So it really falls down to us and falls down to us the
12:14
individual, the person, the group to really push that
12:18
message out there Bitcoin and crypto, not your keys, not your
12:22
Bitcoin and then apply it to the to the traditional Financial
12:26
system. It's like hey is that really?
12:28
You know, that Meme? You saw that mean I'm sure you
12:30
guys know what I'm talking about, right?
12:31
Is that really your money in your bank account?
12:33
Its Morpheus like yeah, man. Anyways I knew any of those
12:37
going to make off the happy. What are your thoughts on all
12:39
this, bro? Well first off I think people
12:42
are starting to realize that bitcoiners are right.
12:44
We continue to be right and I think if people have been at
12:49
least Loosely exposed to the Bitcoin signal like like the
12:53
anchor has on Fox News and and basically anywhere else on
12:57
corporate press. I think if you've heard like you
12:59
know the sailors of the world go out there and talk about
13:03
Bitcoin. I think there's a very real like
13:06
Awakening moment right here. It might not be like a full
13:09
orange pill, a full just dive headfirst into Bitcoin but I
13:13
think it's back to something. We say all the time on the show
13:16
of sowing the seeds of doubt and incepting the ideas of Bitcoin
13:20
and for a while there we were beating our heads against a
13:23
brick wall. Because like, metaphorically, of
13:27
course. And so it seemed like bitcoiners
13:31
were completely detached from reality.
13:33
And again, I hate the reference, a big short again, but, like,
13:37
talking about something that would never ever happen.
13:39
It's like, Michael burry being going to the banks.
13:42
Like, yeah, I want to short the housing markets and as
13:45
bitcoiners we continuously talk about things that at times, we
13:49
didn't have real real time, examples of what we're talking
13:53
about and now we continue Usually have those examples and
13:56
they're playing out in real time.
13:58
They're playing out basically in the blueprint that has
14:00
bitcoiners have been talking about for decades now.
14:03
And so if you've been exposed to the Bitcoin signal then you at
14:07
least have like that doubt growing in your mind was like
14:09
wait maybe the bitcoiners are right.
14:11
Like wait maybe the financial system is completely fragile.
14:15
Wait. Maybe the financial system is
14:17
fraudulent and I should probably hold some just in case.
14:20
They're right. And it catches on anyways it's
14:22
back to something I continuously have been Saying for months.
14:25
Now it's that the Bitcoin signal continues to go mainstream.
14:29
We as bitcoiners our message is in the mainstream popular
14:34
culture. Like you can't convince me other
14:35
time otherwise we are going to become the signal in all of
14:41
this. What did the anchor say you
14:43
Bitcoin is the port? Or yeah, the port in the storm
14:47
and I think it's going to be exactly what we're doing this
14:51
whole time. We're going to be The Shining
14:52
Light as things start to blow up. we bitcoiners will not only
14:56
be fine, but we will start to thrive, we will start to prosper
14:59
and will be like, hey guys, Do you want some Bitcoin?
15:03
But Natalie did a great job, love to see it.
15:05
She absolutely killed it. You know, makes me wish that I
15:08
could speak a little more eloquent but I speak to the
15:11
average person not to the anchors out there.
15:14
But again Bitcoin is the safe-haven asset, you know, sat
15:17
on my stable coin and there was one thing that he said and he's
15:21
a good anchor. I don't know what his name is, I
15:23
didn't catch it but as a good anchor, he's just posing
15:28
questions to his audience and the question that we We talked
15:31
about consistently on the show is if they lose control.
15:36
What happened? And the fact we're seeing this
15:38
on corporate press right now, I think is the biggest like the
15:42
biggest most interesting and slap in the face for everyone
15:45
out there. It's like holy crap.
15:47
Like did they lose control? They can and they're talking
15:50
about and they're talking about talking about it.
15:52
Like they talking about the separation of money and stay.
15:54
Exactly. And on corporate media would ya
15:57
nuts? It's nuts.
15:58
And it's something we've said all the time as bitcoiners.
16:00
It's like Yo, they have lost control.
16:04
They've lost the Monopoly on truth.
16:05
Remember what buchelli said all they've had for years is the
16:09
Monopoly on Truth through corporate press through all
16:11
these other mediums. And now it's becoming very
16:14
obvious that they have lost control of the system and
16:19
Bitcoin is in its Moment of Truth like Bitcoin will be The
16:23
Shining Star throughout this whole thing throughout the whole
16:25
next decade. And also, you know, we are
16:29
seemingly starting to go into To a bull market.
16:32
So it probably don't use, thank you lating.
16:35
And there's nothing that the Jinx I'm fully convinced.
16:38
We are out of a bear Market. But hey, you know what do I
16:41
know? I just look at the price and it
16:44
is named, it's confirming my oh, shouts out the Charles could get
16:49
from st. Charles Hotel.
16:52
Nikko for some reason. I can't pull up if he disappears
16:57
for some reason that I can't pull up comments, but there was
17:00
a good cop. And over here and it was by
17:03
narwhal. And he goes, his Fox becoming
17:05
Pro Bitcoin on his question. I don't watch mainstream I use
17:08
and and I was just going to add, I don't think it's necessarily
17:12
Fox per se, but I think like behind the scenes they're
17:16
probably at least all starting to scramble and hold a little
17:19
bit of Bitcoin. It's just publicly and like they
17:22
have to, you know, do their due diligence and and not try to
17:27
like push people into the phone while.
17:28
So I think in time narwhal we will be seeing Seeing more and
17:32
more corporate press come out and be and like, you know,
17:34
Squawk Box. What's JoJo's been killing it
17:38
over there and I think slowly but surely we are going to see
17:41
the fifth pillar of corporate press starting to become
17:43
bitcoiners and that's just good for Bitcoins.
17:46
So, the mean Broly the captain. It's like, we are the me like,
17:50
we are. Anyways, over me more than
17:52
everyone else. Is just living in it.
17:54
Correct. Craves a truth on our side.
17:56
So, and then just to, like, go back real quick because we are
17:58
running out of time. The number of segments, Yeah, I
18:02
think Fox is going that direction but Tucker Carlson
18:05
man. Most popular show on that
18:06
Network. And he literally said, like, I
18:08
like Bitcoin and he started giggling, we've played you that
18:11
clip on simply before, right? And of course, who were the
18:14
people that like, who has sailor talk to to get to that opinion?
18:19
Like, of course, like Natalie's holding it down Fox Business.
18:21
She's been there many times. Absolutely kills it, but we had
18:26
nine buchelli. Michael sailor.
18:29
Max Keiser, go. Go on Tucker Carlson.
18:32
So like, you know, he's he's heard the arguments from some of
18:36
the brightest people in the industry, right?
18:38
And then president of a country made Bitcoin legal tender.
18:40
So anyways, alright guys, that was a lot of fun.
18:44
I enjoyed that clip. Shout out to Natalie, she killed
18:45
it. Anyways, let's get to, let's get
18:47
to the news. We had a lot to talk about.
18:52
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Alright, everybody, so shout out to Luke.
19:30
Broyles came on simply Bitcoin IRL and absolutely blew my mind.
19:37
One of the things that really stuck with me.
19:39
Let me give a bit of context before we dive into this is
19:44
Human beings think linearly and we have a hard time imagining
19:49
exponentials. And I loved when he talked about
19:54
that, and like, think about applied to your life, your
19:57
experience, right? According to her demographics,
20:00
you're most likely in your 20s 30s and 40s, if you're, there
20:04
are, if one of our listeners, but shout out to all of our
20:08
listeners, but the reason I'm saying that is, if you're too
20:10
young, you're not going to understand what I'm about to
20:12
talk about. But you guys remember, when you
20:17
guys remember the early internet?
20:19
You guys remember the, you know, like the first phone that you
20:23
got right? Or the first, like, the TV,
20:26
remember VHS. I'm old enough to remember it.
20:29
Jess tapes and you had to rewind them right now.
20:32
You could stream any movie known to man on your Apple TV or
20:34
whatever Stream box. No choice.
20:37
And that took what two decades, 15 years, right?
20:43
If I told you that back in 2000, 2010, you would have thought I
20:48
was a crazy person. So anyways, I believe context.
20:52
I want to provide that example, I think we have a hard time
20:55
understanding exponential's as human being.
20:59
And the exponential dude, how technology is going to evolve
21:03
and technology is going to get faster and faster and faster.
21:06
The AI Bots, for example, that is absolutely nuts.
21:10
If I would have told you that three years ago, five years ago,
21:12
you would have laughed me out of the room.
21:15
So that being said have to give that a little bit of context so
21:18
that you guys don't be like this guy is absolutely bonkers.
21:24
Anyways, are you late to bitcoin?
21:27
And that's the question. I always get that question,
21:29
right? How much Bitcoin does it take to
21:31
get rich and fund your lifestyle?
21:33
How little bit coin? Does it take to protect yourself
21:35
against inevitable? Inflation Bank runs and Fiat?
21:39
Demise, are you too late to bitcoin?
21:41
What would a one percent allocation do these are
21:44
questions? That newbies and Veterans of
21:45
Bitcoin alike. Ask themselves each other ask
21:49
and each other. And oftentimes, there isn't a
21:51
clear answer. Let's provide a solid.
21:54
Teamwork to answer that question.
21:56
January, 2009 was Bitcoins first price prediction, how Finney
22:00
predicted that Bitcoin could become the global dominant
22:02
payment system or ten million dollars per coin but Bitcoin
22:08
would not surpass a dollar until April 2011, over two full years
22:12
later. We've read you guys the the bit
22:17
by how many many times. I'll read you just a section of
22:19
it as an amusing as an amusing, thought experiment, imagine that
22:23
Bitcoin is successful and becomes a dominant payment
22:25
system in use throughout the world.
22:27
Then the total value of the currency would be equal to the
22:30
value to total value of all the wealth in the world.
22:32
Current estimates of total worldwide wealth, household that
22:36
I found range from 100 trillion to 3-under trillion with 20
22:40
million coins. That gives each coin a value of
22:42
about Million u.s. dollars. Now remember that, we had Adam
22:48
back recently come out and he said about an eight million
22:52
dollar Bitcoin and then I think the signal though was I always
22:56
pronounce his name incorrectly. You know I'm sorry bro.
22:58
I apologize. But I think his real name not as
23:01
a non name. The one that uses on chub stack
23:03
is Jesse Myers it goes by the grossest Bitcoin or something
23:07
like that. Croesus, thank you.
23:09
Thank you up to co-opt. He's saving me today.
23:12
Michael sealer, retweeted His sub stack article and in that
23:15
subset article, he made the case for ten million dollar Bitcoin.
23:19
And we talked about this when we talked, when we talked about in
23:22
that episode for the head of a public company to retweet,
23:27
something like that is a big deal.
23:29
So you have Adam back saying, 8 million.
23:31
You have Michael sailor retweeting, something and says
23:33
10 million. You have creases saying 10
23:35
million and of course, how finny when Bitcoin was less than a
23:39
dollar predicting, 10 million dollar Bitcoin.
23:41
And if I would have told you 10 years ago of Mine is sitting
23:44
pretty at 24,000, 447. I don't think you would have
23:46
believed me to be honest with you.
23:48
What finny understood is that upon the invention of perfect
23:51
money. All Global wealth, would
23:52
inevitably consolidate into it. Henry Ford, Nikola Tesla, and
23:56
others also for saw this a close monetary system, inevitably
23:59
absorbs. All open productivity systems
24:02
money. Is the technology that prices
24:04
everything else within its own Ledger?
24:06
There is no top, right? Price prediction for an
24:08
immutable, monetary standard of the human race.
24:10
The standard, it's about purchasing power.
24:13
Not Price. So a better way to think of
24:15
Bitcoins value is not in price, but in purchasing power,
24:18
overlaying a share of monetary stock with a given amount of
24:21
productivity, parentheses or economic values, a better way to
24:24
predict the money's value. It's worth noting that in a
24:27
finite Ledger wealth inequality, as we know it today, does the
24:31
reverse as we expect it today first, let's clarify entities,
24:35
we have 10 arbitrary groups Loosely based on today's
24:39
wide-ranging estimates of mega-rich, entities to those in
24:43
poverty, right? Goes on to say why percentage
24:48
percentage cut off entity total second.
24:52
We have to account for what is often attributed to Pareto
24:55
Principle. The vast majority of
24:56
productivity is created by the minority of people in the vast,
24:59
majority of that productivity is created within them.
25:01
A minority of that Minority. Third, we must account for the
25:05
monetary stock to fill in to our Matrix.
25:07
It is often said there were only ever be 21 million Bitcoins.
25:10
However, this is not true accounting for lost Bitcoin.
25:13
There could easily be lower than 16 million when we Loosely
25:16
follow pareto's Prince of Proto distribution.
25:19
In today's current rank, distribution of entities, the
25:22
below's what we get? Fascinating results, Michael
25:25
sailor, the US government few select others have become
25:28
Bitcoins, 10 mega mega Rich entities, right?
25:31
So we go to this thing for audio listeners and it tells you it
25:37
tells you the amount of satoshi's that it would be
25:41
required to enter a course. NG to Luke's prediction, right?
25:46
So for to be in the the nation's mega-rich list you need to have,
25:51
I think that is trillion those million billion trillion.
25:54
So 14 trillion, satoshi's to be in the multi-billionaire small
25:59
nation. You know, place you need to have
26:02
800 billion satoshi's to be a billionaire / mega-corporation
26:08
you have 12 billion satoshi's to be a multi-millionaire
26:13
Corporation you have 1 billion satoshi's To Be A Millionaire /
26:19
company, you know, have six million satoshi's that's when it
26:22
starts to get interesting, six million satoshi's right?
26:24
So Opti please correct me. If you think I'm wrong, it's 100
26:29
million satoshi's in one Bitcoin, right?
26:31
Yes. 100 million to touches in one Bitcoin.
26:34
So to be in the multi-millionaire large
26:37
corporation, you have ten Bitcoin to being let in the
26:40
millionaires. In the millionaire group, you
26:42
need to have point zero, six percent of a Bitcoin to find it.
26:46
Interesting, upper-middle-class 800,000 satoshi's middle-class
26:50
100,000 satoshi's lower-middle-class, 40,000
26:53
lower-class, 20,000, poverty 5,000.
26:57
It's so fascinating so and I love how he used to Toshi's
27:01
instead of the, you know what, everyone usually uses, which is
27:04
Bitcoin. Anyways, I find it fascinating
27:07
super, super interesting to me. Opti, what do you think of this?
27:12
Is this ass like straight BS? I mean, look, first of all, Luke
27:16
is a brilliant guy. I absolutely loved his work and
27:21
the reason I don't believe it is.
27:22
I think I think like there's some Merit to this is just based
27:26
on the fact that how finny Michael sailor Adam back you
27:31
know there I wouldn't say it's exactly the same numbers but
27:36
they're kind of thinking the same way they're approaching it
27:39
the same way. So I don't know, man.
27:42
Look I guess to answer the title of the quiz, the title of the
27:47
show today. Here's my answer to it.
27:50
I don't think you're late to bitcoin, I think you're still
27:53
early to bitcoin. I think that if you divide very
27:57
Nico math, a lot simpler than Luke's that gets all into the
28:00
details and a lot more, you know, a lot more thorough than
28:05
me there is 60 million millionaires around the world.
28:12
There's 21 million Bitcoins. It's estimated The between four
28:14
and five are lost of that Bitcoin.
28:16
So I believe that for you to be, all right, I think that if you
28:22
manage to get one Bitcoin and you wait long enough, I think
28:28
you're going to be good. I think it's one point two five
28:31
point five I think if you make it there, I think you're going
28:36
to be good bro, that maybe it's naive of me saying that maybe
28:40
you're like dude that's crazy and whatever, but I mean, if
28:45
we're right about, this is Bitcoin does become the world
28:47
Reserve currency. Like I think it's obvious,
28:52
right? And then it's a question.
28:54
I don't think it's a question of like how much Bitcoin you need.
28:57
I think in the question is like how much money do you want?
29:00
I think that's the bigger question.
29:02
Here is this like instead of how much Bitcoin you need is like,
29:06
what do you consider, what do you consider wealthy?
29:09
And that's a very very it's a very, very individual question.
29:14
Everyone has a different answer to that.
29:16
Some people say hey with ten thousand dollars I could live in
29:18
Indonesia. Asia on a boat, you know, like
29:22
fishing and stuff. And I'll be okay.
29:24
Like I'll be living in the Caribbean in a small sailboat
29:26
and I don't really need that much money and then there's some
29:29
people that live in big cities and they're like they want to
29:31
live a certain lifestyle where they need a lot more money.
29:35
I don't know. I think it's a very individual
29:37
question but I think that you'll never be able to hear anywhere
29:42
else that four currently twenty four thousand three hundred and
29:46
fifty four dollars which is a lot of money.
29:51
You know, you can potentially have generational wealth that
29:55
you can pass on to your kids. I think it's a very, very strong
29:58
statement. So there's my answer.
30:00
I do not think we're early to bitcoin.
30:03
I understand my biases. I understand that, you know, I
30:05
am a bit corner and of course, I'm going to say that.
30:08
But I think Luke did an excellent job at getting, into
30:11
the details of it. I look at it from a more
30:13
simplistic manner. Hence, the name simply Bitcoin
30:19
and And of course you know, Adam back.
30:22
Michael sailor creases you said his name, right Opti, they're
30:26
all kind of, they're all thinking very similar things,
30:29
right? So 810 million dollar Bitcoin
30:31
with one Bitcoin that would put you at least in the top one
30:34
percent of the u.s. just not, right?
30:37
So anyways, I wanted to do today's episode because I that's
30:43
one of the answers that I get the most so instead of spending
30:47
the time trying to talk to those people and say I made a video,
30:50
here you go. I'm going to share it to you.
30:52
Anyways guys, if you've been enjoying the video make sure to
30:54
hit that Smash Hit that like button sitter subscribing.
30:57
If you like we provided you value.
30:59
Of course, share the video with those people that say that I am,
31:02
I too late to pick one. Just send them the simply
31:03
Bitcoin video. It's so don't even talk.
31:06
Share the video and just walk away.
31:07
Stone code fit the stone cold face anyway.
31:10
Abdi, what are your thoughts on this bro?
31:12
Well first and foremost that 6 million sat number.
31:16
I saw I saw that chart and I maybe I just like glossed over
31:19
it so quickly. I read it as 600 million and
31:23
it's probably because of like 6.15 meme, you know, Bitcoin for
31:26
a multimillion-dollar generational well you write when
31:30
you read them like yeah. Wait like that's mind-blowing
31:33
you know obviously it's speculation on what what the
31:37
future price of Bitcoin will be but if If you break it, if you
31:41
break it down like that, just blows my mind.
31:43
I don't know what 6 million sets is right now, but what that's
31:46
like, a couple hundred bucks or something.
31:47
Maybe maybe like a thousand dollars or something, you know,
31:51
like that, just blows my mind. Anyways, back to kind of like
31:55
the context of this, big numbers are hard.
31:57
You know, this is one of the things that blew my mind.
32:00
Like exponentials are mind blowing when you get into how
32:03
much trillions of dollars really is or billions verse trillions.
32:08
It really does. Blow your mind and it's very
32:11
hard to wrap your head around. And like the first time you do
32:14
that experiment. You're just like whoa, like what
32:17
is going on like huge numbers blow your mind and then remember
32:21
that they printed trillions of dollars in 2020 and it just it
32:25
just absolutely blows your mind. But look Bitcoin was created for
32:28
this moment. If you take the math aside you
32:31
are so so very early to bitcoin it's absolutely insane and I
32:35
know all of our Bitcoin friends I've been here for a while are
32:38
like yeah we know Opti I've heard this before but there's
32:41
still people out there that don't understand that you are
32:44
still very early to bitcoin the Bitcoin, price and paper, money
32:48
is irrelevant, you know, Infinity divided by 21 million
32:51
dollars. Means that whatever you're
32:53
holding today is going to be worth an incredible amount of
32:56
money in the future like where Bitcoin has a total addressable
33:00
Market of what was it? Nine hundred trillion dollars of
33:02
wealth like guys I don't think you realize and that's just
33:06
today's wealth let alone the productivity that Bitcoin will
33:09
allow for Future Society. There's going to be a lot more
33:12
wealth in the future if you are holding your Bitcoin this is
33:15
what year 15 and a multi-decade multi-century monetary system.
33:20
Like I don't think as humans can zoom out enough.
33:24
We bitcoiners are still not even bullish enough when we talk
33:27
about what the Bitcoin experiment is going to actually
33:31
do for society. And of course I'm being
33:35
conservative by calling it still an experiment.
33:37
Because in my mind it's going to be here forever.
33:40
As long as the internet will be here, I don't think we're ever
33:42
going back to a world with no internet.
33:44
I don't think we're ever going back to a world with no Bitcoin.
33:46
This is just the way that I view my future and this is why I bet
33:50
my whole life on bitcoin but I am reminded at least when you
33:54
were talking about that Nico of what CK said that any amount of
33:58
SATs that you have now at the bottom of the S curve of
34:00
adoption, will be worth a ton at the top of the s-curve.
34:04
Like, we are just in the beginning of the world,
34:06
adopting. A hard money standard that can
34:09
never Be co-opted that can never be inflated.
34:14
Like I really don't think people understand what this means
34:17
unless you've put in a lot of work.
34:18
So do not feel like you are late to bitcoin.
34:21
Yes. We'll never get you know, a
34:24
Bitcoin for a dollar but when it's all said and done again
34:28
referencing CK, we are closer to people selling Bitcoin for two
34:32
dollars and thinking they are late to the Bitcoin game than we
34:36
are to bitcoin being generational wealth.
34:38
Like we are still very The early in this experiment and it just
34:43
blows my mind that people think we're late.
34:45
Someone said we were being clickbait in the title or in the
34:48
chat and it's like, bro, no, we're not, we brought you the
34:52
numbers. Bitcoin is still a very, very
34:55
small industry, some don't know some days, okay?
34:58
Some days you can make the argument that you know, we use
35:01
the tactics but like, what did what how do we cook bake today
35:05
that we literally, that's what we covered.
35:07
I don't know. I don't know.
35:09
Maybe he He rage quit on us. Anyways as our friend Surfer,
35:13
Jim said you know spending your beer money today and holding
35:16
that as Bitcoin or as the world becomes a Bitcoin eyes World As
35:22
We transition into the Bitcoin standard would literally change
35:25
your life. And I'm only saying that as
35:27
someone that has done it, that's pretty much what I did
35:30
consistently for five years. Every single weekday, just take
35:34
a small amount of the money I have and it changes your life.
35:37
Like, This is the experiment that we're going through guys.
35:41
And again, back to what we said in the, in the numbers, the only
35:45
reason this is working is because bitcoiners are right.
35:48
And everything we do is based on first principles, based on the
35:51
truth. And, as these this ideology or
35:57
this Moon, ah, makes this movement whatever you want to
36:00
call, it starts to Ripple out into society every set.
36:04
You have today under your control in private custody in
36:07
seeds that you control. Roll will go up in value.
36:11
Like this is this is unconscious at this point, you know,
36:14
Infinity divided by 21 million. All the world's wealth / 21
36:17
million, you know, how do you not understand that you're still
36:21
early to bitcoin? Amen, to that.
36:22
And you mentioned something, right?
36:24
Which is your private seed in your control, right?
36:29
What does it matter? If Bitcoin gets to 10 million,
36:31
if you lose your seed because you put your seat on paper,
36:35
don't be that person. Put your seed on.
36:38
And there's no better place to do it.
36:40
Then the bit plates, Domino, it's easy to use hard to destroy
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It was nice. Anyways everybody let's get to
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about Swan IRA. Anyways Opti, what are we
38:25
talking about today? Well, oh, you're going down the
38:28
Nico, Jones path, aren't doing some Nikka jump.
38:31
Okay? Okay, and I'm very glad that you
38:33
did are we early to bitcoin because we switched it, we
38:37
switched it, we kind of switched today and I don't think I'm
38:40
gonna do you justice. You know.
38:42
I could never do Nico Jones but never do the Opti.
38:45
Yeah, so it works out. I don't wake up with a smile.
38:47
Okay I'm cranky I'm like oh me too me too.
38:52
Six in the morning like what am I doing?
38:54
Yeah, yeah. Me too.
38:55
I don't like getting out of bed anyways.
38:56
Anyway, that's another story. Yeah, Nico.
38:59
I had the same idea this morning because I saw I'm seeing the
39:05
same signs man. And I know we see the world
39:09
right now blowing up the financial markets, blowing up,
39:11
it's almost like the banking system is about to explode and I
39:16
had this continuous thought is that everyone out there.
39:21
Still doesn't know that Bitcoin is the solution.
39:24
To this stuff. And I'm not going to go into all
39:26
the Articles here. I'm just going to highlight some
39:29
of the stuff and then obviously get our Bitcoin friends takes on
39:32
top of it. But I think I like Nico.
39:36
You can tell me where I can improve on this, but I'm doing
39:38
something you could jump stuff today.
39:40
Anyways, I saw this opinion piece come out of Bloomberg and
39:45
as a Bitcoin miner, it really made me laugh because you can
39:50
just see that the traditional Financial system.
39:52
Anyone that is, that is a lie. Day of the financial system.
39:56
I think they are really wrapping their brains around the idea
40:01
that wait, maybe everything we know to be true is actually
40:04
false and maybe there is a better way to do this, and this
40:08
is literally in their title. This is Bloomberg.
40:10
It goes SV, B, Mass demands that you rethink on government.
40:13
Bailout, there has to be a better way.
40:17
Yes, it is called Bitcoin. Anyways, I'm going to just cover
40:20
some of this stuff and then I'm going to try to link a few
40:23
things together. Other and of course, I might
40:26
miss a few things here, but still I think my point stand
40:29
that we are still incredibly early to bitcoin and people
40:32
still don't know that we have a solution to this stuff.
40:34
So anyways, getting into the first paragraph, the demise of
40:37
Silicon Valley Bank has put the US government into an
40:39
uncomfortable position back stopping depositors like, never
40:42
before to prevent a broader and potentially devastating Bank
40:45
Run. Given the wrist officials did
40:48
the right thing. The hard part will be figuring
40:50
out how to handle the consequences.
40:52
Yeah, it is is definitely going to be Anyways, they continue.
40:56
They say this response appears to be working but it also
40:58
creates new problems, a lot of new problems as I will cover
41:01
some of the receipts. Although officials insist, it
41:04
wasn't a bailout and in many respects, it was indeed a
41:08
bailout. So what do sir?
41:10
Such reforms won't address the underlying problem.
41:12
This is again a Bloomberg opinion piece.
41:15
This is this is Legacy Fiat corporate press themselves
41:19
acknowledging. What has bitcoiners have been
41:21
saying for a long long time? They don't have the right
41:25
solution. They say Solutions exist, but
41:27
they may require a more radical rethink.
41:29
Well, on that we will agree. I 100% agree that there will be
41:34
a more radical rethink and though your Solutions aren't the
41:39
problem or aren't the the actual Solutions.
41:42
And as Marty bent here, put you guys the central bankers and
41:45
politicians are going to come up with some insane solution for
41:47
this banking crisis, that will only make things worse and you
41:50
don't have to depend on them. Coming in to save you, you can
41:53
save South with Bitcoin. And that's literally what the
41:56
rest of this article is is a bunch of insane Solutions, not
42:00
ever solving, the underlying problem which is the Fiat system
42:04
is fundamentally broken. Anyways, I continue we saw this
42:08
morning as well that black rocks Larry Fink says that s.
42:11
VB failures shows crack in the financial system.
42:15
So not only is this just coming from YouTube bitcoiners from
42:17
bitcoiners on Twitter. It is coming from some of the
42:20
richest people in the world are the Domino.
42:22
Starting to fall said Fink. Chairman of the world's largest
42:25
asset manager and a letter on Wednesday.
42:27
It's too early to know how widespread the damages.
42:30
Yeah, I would be in alignment with that saying because we are
42:35
starting to see a lot of dominoes fall.
42:37
Remember on Monday, we saw a bunch of u.s. banks.
42:41
Local local banks Regional Banks, get their trading stocks
42:46
halt. Well, that was Monday this
42:48
morning. We saw that several European
42:51
Bank stocks also halted after seat losses.
42:54
So it's almost like there is an actual contagion effect
42:57
happening in the financial world and I would just not want to be
43:01
on the Titanic, that is the Fiat Legacy system.
43:04
And then to continue again, coming from the Fiat Legacy
43:08
system. We have this other headline
43:10
coming out of coin desk. That Morgan Stanley says that
43:13
Bitcoin is trading as a currency, our isn't training as
43:16
a currency but as a speculative asset and that Bitcoin isn't
43:20
isolated from the traditional banking system.
43:22
But further if Bitcoin had been Raining on its core value
43:25
proposition. The ability to be your own bank.
43:28
Then Bitcoin would have rallied with Rising Bank uncertainty.
43:32
JP Morgan. What are you guys watching?
43:34
Because we are continuously saying that bitcoin price is
43:39
pumping. Yes, it's not continuously
43:41
going, you know, to a vertical wall straight up to the moon.
43:45
But we have some of the largest banks literally going - as
43:49
Bitcoin is going positive. It's almost like someone at
43:52
least, at the very least, one person.
43:54
Waking up to the idea that Bitcoin is the safe haven.
43:57
And again, this is just back to the idea.
44:00
I know, I know causation is not correlation, but I think if we
44:05
are free market, Maxis and we look at what is actually
44:08
happened. I know I'm biased.
44:10
I know that this is necessarily what is happening, but as a
44:14
Bitcoin, ER, I see what is, in my opinion actually happening.
44:19
And here's another headline by coin Des Bitcoin volatility,
44:23
stands bears and Bulls alike. Some say recent price action is
44:26
driven by the bank crisis. Some Market observers say
44:29
Bitcoins recent price movement were largely driven by investors
44:32
looking for alternative assets to park their funds.
44:34
Amid a banking clampdown in the u.s. now, while this necessarily
44:39
doesn't mean that it's a coinkidink, but I think we can
44:43
all be rest assured. That people are waking up to
44:47
what is happening. And yes, this might be a slow
44:49
turn around. Yes, this isn't going to happen
44:51
overnight. Yes, people will slowly.
44:53
Start to Wake up to the idea that they need to hold some
44:56
Bitcoin. And I'm sure in the next couple
44:58
of months, we will see more people opt out of the Legacy
45:01
Fiat system and the Bitcoin price continue to pump because
45:06
they literally bail out the banks.
45:08
As you can see, I have this mean right here by the FDIC the FDIC
45:11
Insurance up to Infinity per depositor.
45:13
Per fdic-insured, bank backed by the full faith and credit of the
45:17
United States government. Now, we're not saying that the
45:19
u.s. government is going to go bankrupt.
45:22
All we're saying is that money printer will go /.
45:24
And I think people are waking up to the idea that, hey, they are
45:28
continuously going to devalue my money and you need to have
45:34
something outside of the system. Anyways, we got this nice little
45:37
chart. I know, I'm probably brought it
45:38
more charts in the last two days and I have all of last year, but
45:42
we got Adam Baker, Adam back over here and goes silver, baked
45:45
FCB Bank failure. Hashtag Bitcoin dip filled and
45:49
you can see ever since these banks have failed, the Bitcoin
45:52
price has recovered it. Almost like Bitcoin is a free
45:56
market mechanism that can absorb any shock.
45:59
And as people wake up to what Bitcoin really is, the price is
46:03
going to run because right now, you do not want to have an
46:06
extreme amount of wealth in the Fiat system because it's not
46:10
safe. It's not guaranteed there.
46:11
Even though it is backed by the full faith and credit of the
46:14
FDIC and the US government. Anyways, I really like this
46:17
tweet by Beauty on, of course, Beauty on is probably one of the
46:21
most Savage bitcoiners on Twitter.
46:23
I think he's He's been hitting the nail on the head for a long
46:25
time, on Twitter. And he goes Bitcoin is the only
46:28
radical truth based answer to the economic problems of the
46:31
USA, and the world. And it fraudulent dollar system
46:34
that is unraveling and one piece of software it solves both the
46:37
problem of Fiat money and fraudulent, fractional, Reserve
46:39
Banking and wipes them both away.
46:41
If you don't understand how fortuitous this event, the
46:44
creation of Bitcoin is you are an ignorant fool.
46:46
It's as simple as that. Now I will back off a little
46:49
bit. I just think a lot of people
46:51
haven't woken up to what is going on there, blind.
46:54
The fact that they have been lulled to sleep by the Fiat
46:56
Legacy system and its back to the idea, we are still so early
47:00
to this because it's the first time that all Austrian economics
47:03
has been actually tried in a digitally in force by truth,
47:10
encrypted monetary system. That is Bitcoin and I really
47:14
like Adam senecas, tweet right here and goes what happened in
47:17
the baking industry over the past. 72 hours makes me
47:19
understand how a man can be pushed to sacrifice everything
47:23
to bail the A doubt of that evil and corrupt system.
47:26
Maintain perfect, anonymity and take note profits.
47:29
If I was smart enough, I'd had done it too and if you don't get
47:32
the reference, he's talking about Satoshi and creating
47:34
Bitcoin. And as you can see, the Fiat
47:37
system is fundamentally broken. As far as I'm concerned as a
47:40
Bitcoin. ER, I learned the Fiat system or
47:43
Keynesian economics, after learning Bitcoin.
47:46
So it's so clear to me, but I understand that if you are
47:49
looking through a muddy telescope you may not understand
47:51
what is actually happening because as be You see Gandalf
47:54
said the money in your bank isn't there, and it's not yours
47:57
Bitcoin fixes this, the system is literally based on fraudulent
48:02
activities, that is known as Banking and this is the status
48:05
quo. And you guys right now as
48:08
Bitcoin is on the Frontline know what most people don't
48:12
understand. You guys have the asymmetric
48:14
knowledge as bitcoiners that are going to start to thrive and
48:17
prosper going into the next decade.
48:20
This is uncontested as far as I'm concerned and I say, Say it
48:24
all the time. The Bitcoin price is a real-time
48:26
metric of people's understanding of Bitcoin.
48:28
And hey, I know causation is not correlation, but the Fiat Legacy
48:34
system. Just had a crack in the system
48:37
and the price starts pumping and I think we are going to see the
48:40
next week. The next couple of months that
48:42
the Bitcoin price is going to start to run and more people are
48:45
going to wake up to the idea that they need to have some of
48:49
their wealth in a parallel system, outside of the Legacy
48:52
fit system. Diversifying in the Fiat system
48:56
is not diversification. You need something outside of
48:58
that system, because if the whole system blows up, you're in
49:02
for a pain and a world of trouble and I really like how
49:06
joão Carlos Airy said this. Forgive me if I messed up your
49:09
name, bro he goes 99% of the world is short.
49:11
Bitcoin, join the 1%. If this not further proof That
49:17
you are early to bitcoin. We've hit you from both angles,
49:20
we've hit you from the, you know, the speculative.
49:24
This is the price of Bitcoin and we hit you from the flip side.
49:28
That people are actually waking up to the Fiat system, being
49:31
broken fundamentally and you need something outside of that
49:35
system. And I would argue, it is
49:37
Bitcoin. I know all you bitcoiners would
49:40
agree. But I think the signal here is
49:43
that people in the Legacy system Mmm, as we've seen on corporate
49:47
press as we're seeing from Big institutional Traders
49:50
corporations countries people are waking up to the idea that
49:54
wait. Hmm, maybe there is something to
49:58
a monetary system that no one controls because maybe the
50:03
central planners have not only broken the system but have lost
50:06
control and this is where we are right now.
50:09
Off doubt of the madness, take Bitcoin in the South custody.
50:12
You know, make sure you don't have any Bitcoin with a
50:15
Middleman using Bitcoin wallets that we love, you know, Jade
50:21
cold card, seed, signer blue wallet, green wallet, Pine
50:24
Breeze, Moon, Zeus, Bitcoin, core inspector Sparrow.
50:29
I gave you a lot of options. There's trade-offs to them.
50:32
All, find something you like, spread, the signal to more
50:35
people, because I think it's only going to get crazier before
50:39
it gets better. And the next decade is going to
50:41
be absolutely bananas, as far as I'm concerned.
50:43
And I'm can only say one thing. I am happy.
50:48
I am a bit Corner. Yeah, bro.
50:52
Look, I think you summarized the perfectly but the part that I
50:55
want to chime in on that, I think speaks for itself, right?
51:00
You know, potential catastrophe in the US banking system.
51:03
And Bitcoin pumps 5K, or 4K. Like that tells you everything
51:09
you need to know. That tells you how the market
51:11
feels about Bitcoin. Yeah.
51:18
Holy cow, but hold on to your pants.
51:22
Take self custody of your Bitcoin because it's definitely
51:25
going to be a cold storage only exactly.
51:27
It's definitely gonna be a hell of a bumpy ride.
51:31
Anyways everybody, let's get to the mean review.
51:33
We got a lot to, we got a lot of memes and opt.
51:35
He's a mean connoisseur, let's check it out.
51:41
The daily meme review brought to you by Kaboom racks.
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Sorry guys, I forgot. I'm supposed to forget things.
52:15
I was hitting Mica in the back and this is your favorite
52:17
portion of the show that mean review.
52:19
Where you guys tag Us in memes, you guys send us to memes in our
52:21
telegram group and we review them and the reason we love the
52:26
meme so much he's in the gulag. The reason we love the memes.
52:30
So much is because means are powerful, because most people do
52:35
not want to digest 40 plus hours of content, people don't even
52:39
Then read books anymore. And so you just put the truth in
52:42
art, you just put it in a little simple digestible picture so
52:48
that more people can get the signal, continue to get the
52:51
calls of actions out there continue to spread the signal
52:53
continue to ridicule the central planners of the world and the
52:58
I'm productive class. I was going to go into some
53:00
other not-so-nice ways of explaining what they are but we
53:04
say it all the time. This is an information War.
53:08
You are Frontline. Dodgers tweets are the bullets.
53:10
Memes are the artillery and it is our mean world.
53:13
And everyone else is just living in it.
53:14
And it's only a matter of time until the world wakes up.
53:19
To the fact that Bitcoin is the solution.
53:20
Anyways, this first one is by Benjamin and he goes, we're
53:23
gonna need a different boat hashtag Bitcoin.
53:26
It's back to what I just said in the culture, same idea.
53:29
And I really like this one because, you know, tldr is kind
53:33
of what memes do. And again, shout out to my boy
53:37
rope, I'm going to probably butcher this mean for the audio
53:39
listeners. But anyways, we got a government
53:42
official standing in a boat that is named bank and we got the
53:46
bank standing in a boat that is named Permanent and we got the
53:49
government official going will sell bonds to you.
53:51
So, we can bail you out with loans and he's got a bucket of
53:54
water trying to get water out of his boat.
53:56
And the water are the buckets going into the banker boat,
53:59
which is the government boat. And then, the banker goes, well,
54:02
borrow money from you so we can buy your bonds.
54:05
This is where we are there there.
54:08
It's just, it's just a leverage on top of Leverage of paper,
54:11
leverage on top of paper leverage.
54:13
And as you can see there in some Sharky Waters, right now, we are
54:16
in some uncertain times as I've been saying consistently.
54:19
It's like the meme of Road Runner and Coyote, we are way
54:23
off the off the ledge as coyote. And we are just starting to look
54:27
down at our feet. This is where we are.
54:29
Anyways, this next meme is by at level 39.
54:32
He goes getting ready for the new fund from the New York time.
54:35
So, apparently, there's a New York Times article that's about
54:37
to get dropped. Is just full of Bitcoin Fudd and
54:41
that's that's the different story.
54:43
But I really like this mean right here and we got an arc and
54:46
it's got the Bitcoin logo on it and then we got someone on the
54:49
sidelines and it's got a sign behind the that says bank
54:51
failures. I think they're trying to make
54:53
their own art and it goes. What about its marginal
54:55
missions, talking about the energy Fudd around Bitcoin
54:59
mining and we waste so much energy and as bitcoiners go is
55:03
he okay Tick? Tock next block?
55:06
Honey Badger Don't Care more people.
55:08
Are mining Bitcoin. The hash rate continues to blow
55:10
up because it seems like the world.
55:12
Understands what we understand is that there is a true true
55:17
value of Bitcoin. And it's very simple being
55:20
outside of the Legacy Fiat system.
55:23
Anyways, this next meme is by Adam back.
55:25
Shouts out to Adam back and guys today was one of those 12 days
55:28
per year, being out of Bitcoin Market is being short and you
55:31
can see over here, we got a chart and then we got a green
55:34
candle that literally goes completely off the computer
55:37
monitor. And through the roof, Breaking
55:40
the roof of your house. And this is something that if
55:43
you are new to bitcoin, you may not understand the there's 12
55:47
days per year of Bitcoin, historically the Bitcoin price
55:50
pumps. Extremely hard on a small number
55:53
of days and as Adam back says, it's usually around 12 days
55:56
around the year when Bitcoin pumps.
55:58
And if you are not in the market on those 12 days is, when you
56:01
lose most of the games in Bitcoin.
56:02
So, as the here acid goes time in the market beats timing, the
56:06
market just DCA J-just lump sum hot all your Bitcoins continue
56:11
to Stacks at and this is the way continue to take Bitcoin into
56:15
Cold Storage. This last are this next meeting
56:17
by at Bitcoin underscore aider and it's what's this guy's name?
56:23
You go Danny jr. Yeah, Robert Downey jr.
56:25
Iron Man. And he goes vamos in the air and
56:28
I liked it and he's just inhaling all the fomo is.
56:33
I am feeling it. Are you guys feeling the fomo?
56:35
It seems The BTC therapist. Shout out to you bro and we got
56:43
the Bitcoin prize, climbing the hill.
56:44
He's the man he's the man he's killing it and we got big home
56:47
prize climbing, the Hill from $100 bitcoin price climbing 220k
56:51
bitcoin price climbs to of the plateau, the local top of 69k
56:56
and then you zoom out and you look back and the Bitcoin price
56:58
will have to climb the mountain to 1 million dollars for things
57:02
like fucked up, bro. Of total hike.
57:06
All right, this next one. shout out to my boy, rope AKA a trail
57:09
p.m. on Twitter and he goes Keys cheese and then I, hopefully,
57:18
I'm seeing those emojis correctly.
57:19
Anyways, we got Joe Biden's face right here and he goes in quote,
57:23
your deposits will be there. When you need them, referencing
57:26
the FDIC and the announcement on Monday, and we got a Chad
57:30
Bitcoin, ER, with laser eyes saying, I know, because he has
57:35
his Bitcoin in cold storage and my money will never disappear
57:39
unless it's on a boating accident.
57:41
If, you know, you know, okay, this last one is by the survival
57:45
Podcast. So, So he goes some Bitcoin
57:48
Heroes. Don't wear capes and shouts out
57:51
to crypto graffiti for doing this.
57:54
I would have put on your video, bro.
57:56
But it had Pink, Floyd music all over it, and it wouldn't fly on
58:00
YouTube, but shouts out the crypto graffiti because he did
58:05
this Bitcoin advertisement on a rental truck in front of the
58:10
Silicon Valley Bank, as people are doing a bank run on the bank
58:15
and it goes. Truck Rental $250, custom vinyl
58:19
printed Banner $1000. Becoming a Bitcoin Legend equals
58:24
Priceless. And we got over here Jerome
58:26
Powell with the buy Bitcoin sign on his hand and his paper shouts
58:32
out to the Bitcoin Sign Guy. And next to it we got the
58:34
Bitcoin logo and it says be your own bank as the bank start to
58:38
blow up the signal is spreading that you should be your own
58:42
bank. Do not trust middlemen with your
58:44
Bitcoin because hey you might Wake up one morning and all your
58:48
money is God. Well allegedly because they're
58:52
just going to print more money. Anyways, Drop Your Meme review
58:56
score in the chat and we will cover them live.
58:59
I will not run pool your scores today because apparently I did
59:03
that the other day, but he planned to he's like opt.
59:06
He's like, you know, what? He does here.
59:07
Like I'm God here, we're gone. All right, should I change?
59:10
Should I change it? I'm feeling optimistic today.
59:12
So you're not in the gulags, maybe it's because because Opti
59:16
is doing his thing. So, I've escaped the gulags Let
59:21
me out, let me out anyways, Opti, why don't you give it a
59:26
score? Then I'll give it a score.
59:27
Yeah. Okay.
59:28
My score is Human Action by Ludwig, von mises.
59:34
I literally haven't made it all the way through to this.
59:37
So, kind of a LARP score. I've probably read the first 150
59:41
Pages like four times because I'm like, I read the first 150
59:45
pages and I come back to it. I'm like, you know what, I think
59:47
I need to reread it and I've done that like four times.
59:49
Anyways, human Action if you know you know humans act
59:53
purposefully is tldr if you know you know I'm going to give it.
59:59
A crock. Wow.
1:00:01
Chancla times to on the show like what we the only shoe I
1:00:05
wear other than like exercise shoes.
1:00:07
Wait wait wait. Before we go into the school is
1:00:09
Nico. Are you a socks and Crocs Maxi?
1:00:11
Because I don't have Crocs but I've heard I've heard that's the
1:00:14
way it is the dude. You'll never go back to wearing
1:00:16
anything else. Debatable.
1:00:18
I think you need to get me some All right.
1:00:23
Is part of the simply Parks done, deal, optic.
1:00:25
Get some Crocs anyways but your daddy confirmed.
1:00:30
All right guys before we get to the scores, I want to tell you
1:00:34
about our awesome clothing sponsor, guys.
1:00:36
I literally look you'll see me wearing Crocs and represent
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merch all the time. It's literally all I wear, it's
1:00:44
super comfy. They have the simply Bitcoin
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merged almost sold out opt he's wearing the classic black and
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white. One representing tv.com.
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store, get your simply Bitcoin merged while supplies.
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Last the hoodies are basically sold out, the hats are sold out
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the but there's some T-shirts left.
1:01:03
So definitely check that out. Anyways Opti, yeah, I already
1:01:08
told you I for some reason restream updated on me and I
1:01:12
can't show scores, so you got to show scores.
1:01:14
All right, so let's go through some of them.
1:01:17
Lots of scores today. All right, first one, sorry
1:01:20
guys, Nico usually doesn't Do this.
1:01:23
Hey, I can't do it. I can't just one from Igor, my
1:01:25
score that Opti, didn't read a nice.
1:01:27
Big balcony with a beautiful view on the 30th floor, from
1:01:31
which the banks are, I don't, you know, I don't think you
1:01:34
could say that. I don't know.
1:01:35
You can. See it's a lot harder than you
1:01:42
think you'd like pull up scores and then you're like, wait, how
1:01:45
much? We don't agree with that
1:01:47
message. Okay, halfway through, you like
1:01:49
way taupe shouldn't have read that one laying low.
1:01:52
Is this a live show? We will make mistakes live.
1:01:55
I give the memes big bitcoiners smiles as the economy talks.
1:01:59
Very, very nice. Thanks thanks.
1:02:01
Okay. Thank you.
1:02:02
Big Sean, Harris meme, score, Credit.
1:02:04
Suisse cheese getting graded to insolvency.
1:02:06
Okay. Very nice.
1:02:09
Lofty's internationally. Cut intentionally cut outside.
1:02:14
Okay, bro. Scores stop Stacks ads, like
1:02:18
Opti attempting to justify to Niko $15 scissors to cut up his
1:02:22
socks or a business expense, got to dress to impress the plebs.
1:02:30
I stop dressing to impress a while ago.
1:02:33
Hey, Jack 1991, I give the memes a beer at a Bitcoin. 23.
1:02:37
And I hope that beers with us bro, from a code simply Bitcoin
1:02:42
for Canadians. I give the memes all the bankers
1:02:44
putting their fat bonuses into Bitcoin /.
1:02:48
Next, thanks for hitting the button, bro.
1:02:52
Bitcoin for Canadians. I give the memes, all the
1:02:54
bankers push and now you shall now.
1:02:56
You said that one. No, is it that one?
1:02:58
You just said it. Okay.
1:02:59
Anyways guys, thank you so much for your memes scores Opti will
1:03:03
be in the helm and do a much better job at this than me.
1:03:06
Also give him credit because he's obviously a lot better at
1:03:10
this than I am. Also check out Simply Bitcoin.
1:03:11
Unfiltered is a written version of this show WWE simply Bitcoin
1:03:15
dot news and also check out some of the Bitcoins telegram group,
1:03:18
wwt dot me, slash simply Bitcoin TV.
1:03:22
Anyways, we love you all. If you guys, if you guys enjoyed
1:03:24
the show notes to do, smash that like button.
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Definitely check that out. Love you.
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