Latest / Simply Bitcoin / The Bitcoin Price that Miners Capitulate: REVEALED | EP 535

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The Bitcoin Price that Miners Capitulate: REVEALED | EP 535 · Simply Bitcoin

• 0:04
  Welcome to another episode of Simply Bitcoin where we cover
• 0:07
  everything Bitcoin, the news, the catastrophic fails by the
• 0:11
  central Bankers, the shit coiners, Bitcoin culture, the
• 0:13
  memes, everything today we have a very special guest.
• 0:17
  We have Gooseman beat those. He is El Presidente of hash rate
• 0:21
  at Luxor Tech Team or the Luxor mining pool.
• 0:24
  Like a lot of you people know, anyways, are you doing Guzman?
• 0:28
  And we do all that. It's for the invite again.
• 0:31
  Super happy to be here. We're super to have you back mr.
• 0:34
  But I sent a anyways, Opti, it's time.
• 0:37
  For number two, brought to you by, not only make some of the
• 0:40
  best Bitcoin, those like the noddle 11 I'm holding in my
• 0:43
  hand, run your version of Bitcoin core, the lightning
• 0:44
  Network, whirlpool and Dojo all from the comfort of your own
• 0:48
  home. Remember guys, if you don't run
• 0:50
  your own Bitcoin owed, you're using someone else's.
• 0:52
  And if you're a digital Nomad, I have good news for you.
• 0:55
  You could run the novel Cloud which is a, which is a node run
• 0:58
  through a virtual private server.
• 1:00
  Is it not all dot-eu at the time of this recording the Bitcoin
• 1:02
  price is at twenty two thousand nine hundred and twenty-five
• 1:05
  dollars. A SATs per dollar also known as
• 1:07
  Moscow time 4360 to bitcoin held in corporate treasuries 1
• 1:13
  million six hundred and sixty thousand Bitcoin block height
• 1:16
  740 5924 the amount of reachable Bitcoin nodes it's down fourteen
• 1:22
  thousand. Eight hundred and thirty eight
• 1:24
  percentage of Bitcoin issued 90 point 95 percent blocks to The
• 1:28
  Happening 94 Thousands of 76 having estimate that day.
• 1:33
  Could not come, any sooner, April 18th, 2024 block, subsidy
• 1:38
  value 143 thousand dollars and the block subsidy 6.25 for
• 1:45
  anyone who doesn't know, on April estimated because that's
• 1:48
  not a hard date around. Around April 18, 20 24, the
• 1:52
  block subsidy will be cut in half, so it's another day in the
• 1:56
  numbers but today I got something special for us.
• 2:00
  Bit of an update on the crypto bill that was introduced by the
• 2:05
  Bitcoin Senator also known as Senators.
• 2:07
  Cynthia lummis, ants because it was a bipartisan Bill senator
• 2:11
  gillibrand. Who is a Democrat?
• 2:13
  So it's good to see a Republican, senator Cynthia
• 2:16
  lummis, and a Democrat, Senator gillibrand work together on this
• 2:20
  crypto Bill. Anyways, hey, every time I use
• 2:23
  the word crypto, I feel like my tongue turns on fire.
• 2:26
  Anyways, let's check out what they have to say.
• 2:29
  Chris, how that Is impacted your views of your legislation.
• 2:33
  Do you feel like there are any changes that need to be made?
• 2:35
  And also, how has that impacted the conversations that you're
• 2:38
  having with other lawmakers? Do you feel like there's more
• 2:40
  urgency to do something now? I think.
• 2:44
  Yeah, I think we both do. Go ahead Thurston.
• 2:47
  So, most of my colleagues were fairly alarmed with the
• 2:52
  different Market impacts over the last couple of months, and
• 2:57
  they the number one question is, does this regulation?
• 3:00
  Either prevent that or improve transparency and accountability,
• 3:03
  does it improve safety? And soundness, is that improve
• 3:07
  consumer protections and obviously the answer is, yes,
• 3:09
  that's why we wrote the Bill. And so, there's additional
• 3:13
  interest now because they've seen that this is something
• 3:16
  that's important to do. That, consumers are not being
• 3:19
  protected today. There's no oversight and
• 3:22
  accountability, and their no rules of the road.
• 3:25
  And so there's more urgency now and also more of Sense.
• 3:30
  That this is something we need to do, and it's art, its timely
• 3:34
  awesome. So what Senator gillibrand was
• 3:37
  referring to, and the reason that the reporter asked that
• 3:40
  question is, because of the market downturn.
• 3:43
  Remember, and the traditional markets, right?
• 3:45
  There's a lot of red tape, right?
• 3:47
  There's a lot of regulations to protect investors right in the
• 3:51
  stock market. If the stock market has a
• 3:53
  certain amount of volatility, there's a switch, you know, and
• 3:57
  then the trading just stops or slows down.
• 3:59
  And right in, you know, if you compare that to the crypto
• 4:02
  markets in the Bitcoin Market, there's nothing, it's 24/7 all
• 4:05
  the time, right? And of course, look at what
• 4:08
  happened with three arrows Capital look at what happened
• 4:11
  with Celsius, look at what happened with block fight,
• 4:13
  right? So many investors got absolutely
• 4:16
  destroyed with the Celsius debacle so that's why it's
• 4:21
  another if this which I'm not a big fan of this crypto bill,
• 4:25
  right? I love the free market but if it
• 4:27
  was introduced right, I think a lot of Of more people would be
• 4:31
  protected. May be mandatory reserve
• 4:34
  requirements. Perhaps, you know, would have
• 4:36
  saved investors a little bit of money.
• 4:37
  So anyways, I thought it was interesting.
• 4:40
  There's an update. At least there's a silver lining
• 4:42
  in this, you know, destruction that we've seen the last month.
• 4:46
  Maybe this will motivate enough Senators to pass this thing.
• 4:50
  And bypassing this thing that would give bigger companies and
• 4:54
  institutions that are concerned that Bitcoin is a gray area more
• 4:59
  confidence. To perhaps put some of their
• 5:01
  cash reserves in Bitcoin. Anyways, Goose man.
• 5:04
  What are your thoughts on this brother?
• 5:07
  I mean there's a lot going on there from the veil too much.
• 5:12
  I haven't been following a lot but like, but definitely didn't
• 5:15
  seem quite a reason like Liquidation in the market, like
• 5:19
  Celsius throughout the capital, that's why are there as well.
• 5:23
  Like, I think the greatest protection of all this people
• 5:26
  should hold their own Bitcoin, they shouldn't be giving their
• 5:30
  Bitcoin to like third parties to essentially implement the
• 5:34
  traditional like trout fly. Fractional banking system in
• 5:39
  their own corporations. I think that's kind of the deal
• 5:42
  team at protection for users in my in my opinion.
• 5:47
  Absolutely. That.
• 5:48
  That is the answer of a Bitcoin. ER, I don't give a fuck, but if
• 5:51
  you take self custody, this won't bother you.
• 5:54
  Love it. Anyways Opti.
• 5:55
  What are your thoughts brother? Well, I'm going to Echo what
• 5:59
  Guzman said, but also I'm just skeptical of politicians in
• 6:04
  general. So I'll hold my Opinion till I
• 6:08
  see what the final bill looks like.
• 6:11
  But I have been noticing the push not only in America but
• 6:15
  worldwide for quick regulation and the additional interest of
• 6:20
  how she's saying and the more urgency memes of that, they need
• 6:24
  to do this now. So hence why I'm just a little
• 6:27
  skeptical because the more urgent, they feel they need to
• 6:30
  push these bills, the quicker, they'll push them through and
• 6:33
  the less we'll know what's in them.
• 6:35
  So I'm just To go and we'll see what happened because there is a
• 6:39
  global push for regulating crypto shit coin, stable coins
• 6:43
  and Bitcoin and we don't want Bitcoin lumped up in all this
• 6:46
  stuff it gets rush through so who knows I'm skeptical but hey,
• 6:50
  I'm with Guzman, I'm a pleb. It doesn't matter.
• 6:52
  Just stack SATs and chill. Absolutely.
• 6:55
  Absolutely, if you just stay humble stack SATs, you only
• 6:59
  stack Bitcoin because Opti what is the second best?
• 7:03
  The reason our second best exactly.
• 7:05
  Anyways it's time for the Daily News brought to you by crypto
• 7:09
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• 7:13
  like the famous. 3D printed Bitcoin grenade.
• 7:16
  Toy comes in any custom color, your heart desires.
• 7:19
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• 7:22
  That's right, they make it in gold and you can take advantage
• 7:25
  of the promo code down below to get 5% off.
• 7:27
  Crypto. Cloaks.com this is pretty crazy,
• 7:30
  justice department, arrest coinbase, man.
• 7:33
  Jur for insider trading. So a couple of things here,
• 7:37
  right? Of course, this was going to
• 7:39
  happen, right? Via the incentives are too
• 7:41
  strong, and essentially what happens in.
• 7:43
  I know a lot of the shit coin exchanges were doing this
• 7:45
  before, is the people that work inside the shit coin exchange.
• 7:49
  Know what coins are going to be listed, right?
• 7:52
  So the incentive to kind of front room, that is so big.
• 7:55
  Now I always say that the shit coin system is very similar to
• 8:01
  the Fiat system, right? Right, the things that happen in
• 8:04
  the Fiat system are happening in the shit coin system.
• 8:08
  But it's funny because there's a double standard in terms of
• 8:10
  rules. I'll get to that.
• 8:12
  Let me cover this first and I'll tell you why, I believe Bitcoins
• 8:16
  different. Anyways, Sean, why a former
• 8:19
  product manager for the publicly traded crypto currency exchange.
• 8:22
  Coinbase was arrested this morning for an insider trading
• 8:25
  scheme, during his time with coinbase.
• 8:28
  Isan worked in conjunction with his brother Niko wahi and Samir
• 8:32
  right. Me to commit fraud, conspiracy
• 8:35
  and wire fraud in connection with a scheme to commit insider
• 8:39
  trading in crypto currency assets by using.
• 8:41
  Confidential coin based information about what crypto
• 8:43
  assets were scheduled to be listed on coin basis exchanges,
• 8:47
  according to the release, today's charges are a further.
• 8:50
  Reminder that web 3 is not a law free zone.
• 8:53
  Just last month, I announced the first-ever insider trading case
• 8:56
  involving n FTS today. I announce that the first ever
• 8:59
  insider trading case involving crypto currency markets.
• 9:03
  Our message with these charges is clear.
• 9:05
  Fraud is fraud. Fraud is fraud, is fraud whether
• 9:09
  it occurs on the blockchain or on Wall Street.
• 9:12
  Well what about in Washington? Right?
• 9:15
  What about in Washington is okay, blockchain Wall Street.
• 9:19
  Well let's talk about Washington, shall we?
• 9:21
  This is Nancy Pelosi V. Best traitor that has ever
• 9:25
  graced planet Earth and this reporter that will soon be found
• 9:30
  dead by Suicide Astor. Question.
• 9:34
  Let's see what Nancy Pelosi has to say.
• 9:37
  We have to go now one more he said yes sir.
• 9:48
  What do you say? No.
• 10:01
  Okay, but hey, it's not only the speaker of the house.
• 10:06
  It's also the fat a reputation of this happened.
• 10:09
  January 10, 20 22, a reputational crisis at the
• 10:11
  Federal Reserve has led to the resignation of two senior
• 10:14
  officials. Within the central bank, raising
• 10:16
  questions about the strength of the feds guardrails around
• 10:18
  personal financial interest in September 20, 21 media reports,
• 10:22
  highlighted several large Financial Carried out by Dallas
• 10:26
  fed president, Robert Kaplan, and Boston fed president Eric
• 10:29
  Rosen. Grin during 2020, as the heads
• 10:32
  of two of the FED networks 12 Reserve Banks.
• 10:35
  Both were instrumental in engineering.
• 10:37
  The feds response to the financial Fallout from the
• 10:40
  covid-19 pandemic, Rosenberg and Kaplan would promise not to do
• 10:44
  any more trading during their tennis sure as senior fed
• 10:48
  officials. But later announced early,
• 10:50
  retirements as the public Fallout expanded.
• 10:52
  Remember rules for thee. But not for me.
• 10:56
  Anyways this is what they did fed Vice chairman, Robert
• 10:59
  Keller. That would also likely catch
• 11:01
  scrutiny for rotating millions of dollars, out of bonds out of
• 11:06
  bond fund, and into stock funds and February. 20 2008 right
• 11:10
  before the FED started slashing interest rates.
• 11:14
  That is the literal, fucking definition of insider trading.
• 11:18
  So a couple things here, two things that I want you guys to
• 11:20
  pay attention when the government does it.
• 11:24
  It's okay, they could resign. When so when you citizen does
• 11:30
  it, you go to jail. That's number one.
• 11:33
  Number two is this doesn't happen in Bitcoin.
• 11:36
  There is no Insider and big boy. When sailor started buying
• 11:41
  Bitcoin, he had to get in line like everybody else and the way
• 11:44
  that he would buy Bitcoin because he was trying to buy
• 11:46
  such a big amount, is he had to slowly go inside.
• 11:51
  And obviously, he didn't time the market very well because He
• 11:54
  would have waited to buy all that Bitcoin, when Bitcoin knows
• 11:56
  that 20K, he was buying Bitcoins Bitcoin was at all time high.
• 12:00
  So it was that, right? So yeah, man and Bitcoin,
• 12:03
  everyone's equal there is no special and the Fiat and shit
• 12:06
  coin world. There's insider trading there's
• 12:08
  Elites, you know, there's the devs.
• 12:10
  There's the Kings right? And Bitcoin changes that, right?
• 12:14
  So, but the thing that really, really pisses me off.
• 12:20
  That's the clothes. Did you ever inside?
• 12:21
  No course not, just move the mic.
• 12:23
  No, no follow-up questions. You're going to Suicide yourself
• 12:26
  and then of course the FED literally putting money in the
• 12:30
  stocks that they know we're going to benefit from the
• 12:32
  injection of liquidity due to the pandemic response.
• 12:36
  Anyways Goose man, what are your thoughts?
• 12:40
  I agree do it on the, there's Nick knows how to train people
• 12:44
  point but there is an ancient coins.
• 12:47
  And I think the main reason for that is the consensus algorithm
• 12:50
  that we have in Bitcoin compared to some of the shit coins.
• 12:54
  Like if you look like a theorem, for example, they're like really
• 12:58
  pushing to go proof of stake. Prove mistake, essentially give
• 13:01
  more power to the sale or so of the theory until ones that are
• 13:06
  like holding the most coins, right?
• 13:09
  Plus they're the ones that are like holding just a tiny bit of
• 13:12
  Suds. There's actually losing to them,
• 13:14
  they're like losing power on the Chain.
• 13:15
  They don't have any rights in. How many built-in power in
• 13:18
  Bitcoin that doesn't happen. Sailor or a player like myself,
• 13:22
  we both have the same priority in the network.
• 13:25
  He doesn't have like any advantage over me within the
• 13:28
  like, Bitcoin ecosystem, right? So just Bitcoin by Design, just
• 13:33
  by the nature of it's like, on sense of mechanism which is like
• 13:36
  proof-of-work, prevents like any sort.
• 13:39
  Sort of like Insider or like whale Advantage, you can call it
• 13:44
  absolutely Opti. What are your thoughts brother?
• 13:47
  Well, first up, shut up. Pelosi the greatest.
• 13:50
  Traitor of Our Generation, follow her trade, you'll make
• 13:54
  thing games. And anyways, just onto the
• 13:57
  coinbase stuff. It's just shit coiners doing
• 13:59
  shit, coin things and I had a moment.
• 14:02
  Why you were talking about that? Where I almost had slight PTSD
• 14:06
  from my Noob days in 2017. All the front running in the icy
• 14:11
  ocean coin markets. And it's just a new cycle with
• 14:16
  scammers doing the same thing rules for the not for me.
• 14:21
  Create a shit coin, pump and dump it.
• 14:23
  Make your gains and make way like a fat rat guys.
• 14:26
  This is what shit Corners do. And now you have proof that they
• 14:30
  do it. So don't let the shit Corners
• 14:32
  lie to you. Call out the shit Corner Stacks
• 14:34
  at stay. Humble.
• 14:35
  Bitcoin is the way. Absolutely.
• 14:37
  Now what I wanted to get to today and I want to take
• 14:40
  advantage of the fact that Gooseman is on here.
• 14:42
  Goes funds going to give us a little update about what's going
• 14:44
  on in the mining world. Let's put a little bit of the
• 14:47
  hash rate, right? Looks like we made it all time
• 14:50
  out. Of course guys.
• 14:51
  I just want to let you know that the Bitcoin hash rate there.
• 14:53
  It's always an estimation every site is different.
• 14:56
  There is no there is no actual Bitcoin hash rate everyone
• 15:00
  estimates. It differently based on block
• 15:03
  time. So according to coin wars.com
• 15:06
  right hash rate really pee. In June 7th to 9th.
• 15:13
  Now it's obviously going a little bit on the client makes
• 15:15
  sense to price of Bitcoin goes down.
• 15:17
  But I think this Bloomberg article which we covered when it
• 15:19
  came out, really describes the situation a little bit more,
• 15:24
  almost four billion dollars in Bitcoin.
• 15:26
  Mining loans are coming under stress.
• 15:30
  It's from June 24th. The, the prolonged slump in
• 15:32
  Bitcoin is making it more difficult for some miners, to
• 15:35
  repay, the up to 4 billion loans, they have backed by their
• 15:38
  equipment. Posing a potential risk to Major
• 15:41
  crypto lenders, a growing number of loans are now under water.
• 15:43
  According to analysts, as many of the mining rigs lenders,
• 15:46
  accept it as collateral. I've now have done value along
• 15:48
  with the price of the world's largest digital token.
• 15:51
  Few miners have defaulted on their loans, so far, but recent
• 15:53
  sales are showing signs of distress.
• 15:55
  Course scientific sold more than 2,000 Bitcoin and may to help
• 15:58
  cover potential, operational losses.
• 16:00
  Meanwhile bit Farms offloaded, nearly half of its mind tokens
• 16:04
  earlier this month to pay down part of its hundred million
• 16:06
  dollar loan with Galaxy digital Holdings.
• 16:09
  It Also take out another machine back loan from New York, digital
• 16:12
  Investment Group LLC. If the market doesn't improve
• 16:15
  analysts warn, it could be an ugly scenario selling Bitcoin
• 16:19
  reserves puts further pressure on prices and the cost of
• 16:22
  equipment could fall even lower. If lender, if lenders looking to
• 16:25
  recoup their losses, on defaults, start liquidating
• 16:28
  machines, they repossess the value of b means.
• 16:31
  Popular, s19 mining rig is down. 47%, from a high of roughly
• 16:36
  10,000 in November, according to data from Luxor Technologies
• 16:40
  Court Gooseman that's you. So yeah, Gooseman now that I
• 16:46
  kind of give the preface for everybody what's going on in
• 16:49
  mining? I know I called you earlier on
• 16:52
  this month. I called you and I spoke to you
• 16:54
  and Ethan I spoke to other people and yeah I've been
• 16:57
  looking for any distress Mighty operations if you know, send me
• 17:02
  a DM. So what's going on in mining?
• 17:04
  We know that miners have been cut in half and value.
• 17:07
  We know that the hash rate took a little Bit of a tumble.
• 17:10
  And I told this to Ethan when I was texting him, dude, I can't
• 17:15
  believe people lent these miners money and took the Bitcoin
• 17:19
  miners as collateral. Obviously, the value of that
• 17:22
  collateral would go down with the price of Bitcoin.
• 17:25
  What were they thinking? Yeah, so I guess your things are
• 17:30
  going on right now in the mining space.
• 17:33
  The first one is there's this summer, right?
• 17:36
  He's definitely affecting a lot of operations.
• 17:39
  Especially the ones that are like running, like are called
• 17:42
  in, like, in Texas, for example, right?
• 17:45
  Like he did state in like a huge tax on this.
• 17:48
  Like, are called mining operations alongside like
• 17:52
  higher, like Energy prices, right?
• 17:54
  Like we know right now across the world has been like really
• 17:57
  bad energy policies coming over the last like few select decades
• 18:02
  even and that's resulting like really, really high energy
• 18:04
  prices that compared to curtailment.
• 18:07
  It's making the the my It says he shut down for a few hours a
• 18:10
  day, that's what it's like. It's actually leading into like,
• 18:13
  like don't lower heart rate of, you're showing that charts
• 18:16
  before and then in regards to like loans, being like
• 18:19
  underwater essentially, what's happening, right now, it's sort
• 18:22
  of like - are not profitable, or they are having like a crash
• 18:26
  like a cash crunch. Why is that the profitability of
• 18:29
  these miners essentially went down to, like 36 months give or
• 18:33
  take essentially, if you, why is my team right now?
• 18:36
  We'd like some like, decent power rate, you're get that
• 18:39
  money back in like three years. However, most of these miners
• 18:43
  their loans were like 12 18 or 24 hour or two like 24 months
• 18:49
  like loans. So when he's essentially you
• 18:51
  need to pay back your minor in 1812 or like 24 months, so the
• 18:57
  mines are still profitable. But the amount of money Revenue
• 19:00
  that they're generating is not enough to cover for both the
• 19:05
  principal and interest on the loans, they have to pay like
• 19:08
  month after month. That's why they're essentially
• 19:11
  either having to go into the treasury, sell their Bitcoin
• 19:16
  order to pay at the financiers or essentially liquidate their
• 19:19
  equipment. So, what we are seeing right
• 19:21
  now, it's like leaving the insurance of minors that are not
• 19:23
  like they're having like a cash-flow crunch rather than
• 19:26
  they are not like profitable yet.
• 19:29
  Gotcha, okay, but hold on. Guzman.
• 19:32
  So it's not necessarily that, you know, that they're in
• 19:36
  trouble. It's just that they need the the
• 19:38
  liquidity to Pay off, loans and power and all that stuff.
• 19:41
  Correct. So when I talk to you, one of
• 19:44
  the methods that they were trying to fix that with was by
• 19:47
  selling a bunch of s naught or sorry-ass 19's.
• 19:51
  And then that obviously has brought down the price of the
• 19:53
  minor, but don't you think that this will just lead to a spiral
• 19:59
  right with all this cell pressure and then on top one,
• 20:01
  last question, right? Is, if we do continue to see
• 20:05
  downward pressure on the price of Bitcoin and we go below The
• 20:09
  low of 17 8, I think 17 8K. What happens then?
• 20:15
  Very interesting question. I think minors can still barely
• 20:20
  be more like pain. I think there's still room for
• 20:23
  minors in the u.s. to YouTube early more pain.
• 20:25
  Before we start like seeing like massive liquidations across the
• 20:28
  entire like mining landscape but like something really, really
• 20:32
  interesting in the mining markets essentially shows what
• 20:35
  we were talking here. Just right before is that
• 20:39
  Usually in the mining Market say six are like much cheaper in
• 20:43
  China. There's usually like a premium
• 20:44
  to buy the A6 in the u.s. right now.
• 20:46
  The has essentially become the opposite to node Basics are
• 20:50
  cheaper in the u.s. because there's miners to have all of
• 20:53
  these a six in hand. And they need to like, get rid
• 20:55
  of them. Or maybe it's because Chinese
• 20:59
  miners there like more optimistic in like this like
• 21:01
  bitcoin price right now. But there's something really,
• 21:04
  really interesting that we have Luxor running our, like, trading
• 21:08
  desk, basic Trading, Best. We've been saying this for a
• 21:11
  couple weeks now. But yeah, I mean this like shows
• 21:15
  how there's like more liquidy pressure for this u.s. miners
• 21:19
  Dodger. Very interesting Opti you want
• 21:21
  to chime in. Well, mining is not my forte
• 21:25
  guys, but we did get a difficulty adjustment today of
• 21:29
  5% and it's the third one we've had consecutively.
• 21:33
  And while to the uninitiated that might seem bearish, it's We
• 21:39
  bullish because Bitcoin is working as it's supposed to
• 21:42
  blocks are still coming in. So, this is just the name of the
• 21:46
  game, guys, you know, if you get over, if you do, if you're not
• 21:49
  an efficient minor, you get pushed out of the network.
• 21:52
  It's a feature. Not a bug.
• 21:53
  Yeah, absolutely. So Gooseman one, last question
• 21:56
  will move on to the fail. Is, what is the bare minimum
• 22:01
  price? Of course, it's always an
• 22:02
  estimation that the Bitcoin price could go down before
• 22:07
  miners start to Picture late. That's a great question.
• 22:13
  I usually don't like to sit in there.
• 22:15
  Select bitcoin price wind up like hash price.
• 22:18
  Hash based meaning the revenue that like a minor generates, I
• 22:22
  think right now, the floor for hash passes around like, six
• 22:26
  cents per trash, which essentially means that like a
• 22:28
  nest, 19, one of these like new generation miners will be making
• 22:32
  like around six thousand dollars a day and that will happen if
• 22:37
  like Bitcoin drops to like 15 14k.
• 22:41
  You'll take the thing. Like if we go there there's
• 22:43
  going to be a bunch of minors, like the entire like s17 and 20s
• 22:47
  like series, miners are going to get like fully wiped out right
• 22:50
  now. There are kind of like still
• 22:52
  somewhat profitable especially with these like that with the
• 22:54
  adjustment but it's going to increase the revenue by 5% or
• 22:58
  the next few weeks. But yeah if we if we see a
• 23:01
  little more like bitcoin price movement towards to continue to
• 23:06
  like follow that drop a little more, the entire kind of like me
• 23:09
  generation miners are going to Be flash sound from from line
• 23:13
  space. Thank you.
• 23:14
  Now, I know when to hit you up again.
• 23:16
  For distress quality. But yeah, that number is
• 23:21
  definitely, definitely something that you guys want to keep an
• 23:25
  eye on. Let's see what happens if what
• 23:28
  goes on was talking about earlier.
• 23:30
  You're staying humble, you're stacking SATs.
• 23:32
  You're sending out to Cold Storage.
• 23:34
  None of this affects you, which is what we advocate for on the
• 23:37
  show. Anyways Opti it's time for the
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• 24:17
  salon.com. What's up guys?
• 24:19
  We're here on the fail. And I saw this this morning so
• 24:22
  of course I'm going to cover it, it's going to be a quick one
• 24:25
  right here, so I'll get over it. But we are on the we forum and
• 24:30
  look what job listing they have on the we Forum lead blockchain
• 24:35
  and digital asset. So with the pace of change is
• 24:39
  accelerating and even the most innovative Government.
• 24:44
  They need to struggle to meet the world's technological
• 24:46
  environmental and Social Challenges on their own in
• 24:50
  particular. This this job listing is coming
• 24:53
  out of the center for the fourth Industrial Revolution Global
• 24:57
  Network. I thought that was a pretty
• 24:59
  interesting name for your organization anyways they are
• 25:03
  looking for a shit coin CBC, stable coin and web 3.0
• 25:09
  developers. And so I put it on Twitter and I
• 25:12
  said tldr Can't beat them. Join them and my buddy Tucson
• 25:16
  goes. It's really if you can't beat
• 25:18
  them launch of shit coin. So as I said, that's a quick
• 25:22
  one. I you got to just point it out
• 25:25
  that look. They understand what's going on.
• 25:28
  They're going to try to co-op The Narrative and push their own
• 25:32
  shit coin. And furthermore as you guys know
• 25:36
  the we've has ties with youth and so other people were
• 25:39
  mentioning on that tweet. It's not that they're going to
• 25:43
  join us is that they're going to push their shit coin project of
• 25:49
  favor which is eith anyways Nico Guzman any thoughts or we can
• 25:53
  move on quickly? Yeah I mean it's what it's
• 25:56
  always the signal with that is you know, World economic Forum
• 26:01
  or you know, governments is that they just pretend, Bitcoin
• 26:04
  doesn't exist. It's like Bitcoin doesn't exist.
• 26:07
  But we're going to create something that does something
• 26:10
  that Bitcoin does. But we're To be able to
• 26:12
  debasement and we're going to be able to control it, but it's
• 26:16
  still the same. So you know that's the signal
• 26:19
  that's that's what you guys should really.
• 26:21
  Pay attention to is the fact that Bitcoin exist Bitcoin
• 26:24
  solves these problems. Bitcoin is the most inclusive
• 26:27
  money, the world has ever seen, but it doesn't matter to them
• 26:30
  because they were never about helping the unbanked or helping
• 26:33
  people that lack to the access to the financial system.
• 26:36
  They are always about more power and more control.
• 26:38
  But anyways, maybe that's the the the Bitcoin Paranoia getting
• 26:43
  to me. Goose Pond.
• 26:44
  What are your thoughts? Well, I don't have too much else
• 26:46
  about to be honest. I've seen the key point that you
• 26:49
  highlighted, he's like control they don't have a control over
• 26:52
  Bitcoin and therefore they need to come up with like other ways,
• 26:55
  which they don't lose control over their current status quo,
• 26:58
  right? So like, Bitcoin essentially
• 27:00
  goes against what they are trying to do here, right?
• 27:04
  So yeah, I think yeah, if the world economic forum is losing
• 27:09
  control, they are losing power and therefore we are like
• 27:11
  debate. Them.
• 27:12
  But absolutely 100% spot on Opti what is the next failure?
• 27:17
  And the next one you already know what it's going to be guys.
• 27:21
  It's Tesla. Tesla was in the news for
• 27:24
  dumping their Bitcoin paper hands Tesla in the news.
• 27:28
  Anyways Tesla sells 936 million dollars in Bitcoin in the second
• 27:34
  quarter which happens to be about 75% of their Holdings
• 27:40
  guys. And It's really interesting, The
• 27:44
  Narrative that they took in response to bitcoin.
• 27:47
  As you see during a presentation on Wednesday, Tesla.
• 27:50
  CEO Elon Musk said he would be open to increasing Bitcoin
• 27:54
  Holdings in the future. But he also explained that he
• 27:57
  decided to sell 75 percent of his Holdings because and I
• 28:00
  quote, he was concerned with liquidity due to covid shutdowns
• 28:04
  in China and that the move should not be seen as a verdict
• 28:08
  on bitcoin. So, of course, No, he bought 1.5
• 28:14
  billion and February 8th 2021. So we are going to dunk on him
• 28:19
  as being a bad Trader because guys we tell you all the time
• 28:24
  acts at and chill, you do not need to trade your Bitcoin, do
• 28:28
  not get shaken out of your position, but I did the numbers
• 28:32
  and you can see right here on the screen that Tesla held that
• 28:36
  75% of Bitcoin for a five hundred twenty seven days for
• 28:39
  roughly a negative fifty percent loss.
• 28:42
  So what price did they bite at? Well didn't I didn't exactly get
• 28:47
  the real price it's more on the date so that's why I said
• 28:50
  roughly 50% loss on those buys. I know the math might not be
• 28:55
  exactly lined up but if you do the math from the day they
• 28:58
  announced it to the day, they sold it.
• 29:02
  It's roughly a 50% so I'm looking at it right here.
• 29:05
  So Tessa first bought 1.5 billion dollars worth of bitcoin
• 29:10
  and around your right around January, it's February 8 for 30,
• 29:14
  2002, 33,000, so it's like a 33 percent loss.
• 29:19
  Roughly hottel Bitcoin, guys, do not trade anyways.
• 29:24
  I got these other tweets on Twitter which makes our Point
• 29:28
  even more clear. So Tesla.
• 29:30
  So 75% of it's big Going to meet to quarter to expectations.
• 29:35
  You should take this as deeply bearish in Tesla.
• 29:37
  This is a for sale, in the epitome of Fiat prioritization
• 29:41
  in the short term. And I really like how you said
• 29:43
  this complaining, how fast one can spray it with how many miles
• 29:46
  one can endure. So, to break this down, I saw
• 29:49
  this other tweet by safe teen and he's quoting this tweet.
• 29:54
  And he goes the cash flow statement from Tesla show that
• 29:58
  they had to sell that BTC to make sure that They weren't cash
• 30:03
  flow - guys. So if you don't have a positive
• 30:07
  cash flow as safety and says, Bitcoin might not be for you.
• 30:10
  You're likely going to have to sell your Bitcoin at the worst
• 30:13
  times. Yep.
• 30:14
  And this is the point where we talked about yesterday about
• 30:18
  Tesla or Elon can cry harder about CO2, ruining the weather
• 30:22
  to get more Fiat subsidies because we saw this, we know
• 30:26
  this. Remember when Elon Musk said
• 30:28
  that he would come back into the Bitcoin Market.
• 30:31
  Once there was a confirmation Reasonable clean, energy, use
• 30:34
  roughly 15% are 50%, excuse me. And as Nico showed you guys
• 30:39
  yesterday, the Bitcoin, mining Council release their survey,
• 30:42
  which showed exactly this that the Bitcoin industry sustainable
• 30:47
  electricity makes Is over 50% guys.
• 30:51
  So what is going on? Ilan, are you telling us one
• 30:55
  thing and doing another thing? Are you, you know, just the the
• 31:00
  clown on Twitter that is all schadenfraude that is all just
• 31:04
  pump and nothing or are you actually a Bitcoin?
• 31:09
  ER, we don't know but what can we take from this?
• 31:12
  Like we said guys, Tesla needed to sell their Bitcoin to be
• 31:15
  cash. Flow positive.
• 31:17
  And we tell you guys all the time you want.
• 31:20
  Make sure you have Fiat coming in because you do not want to
• 31:22
  sell your Bitcoin or else you're going to get Dunked On by toxic
• 31:26
  Bitcoin maximalist on Twitter. Anyway, Nico Guzman, what are
• 31:30
  you thinking, dude? Wow, Ilan, absolutely wrecked.
• 31:36
  Yeah, he wanted to keep, you know, he's a public company so
• 31:39
  he wanted to keep you know, he wanted to stay in the black and
• 31:43
  you know, he saw Bitcoin as, you know, as a way to do that and he
• 31:46
  sold it. I think, I think say, 15 had a
• 31:49
  Great observation. In terms of yeah you might get
• 31:52
  wrecked. If you don't, if you're not cash
• 31:54
  flow positive, you're holding Bitcoin because you're going to
• 31:56
  have to sell it, right? But yeah man, I just doesn't
• 32:00
  surprise me. I've never really got from Elan
• 32:03
  that he's understood Bitcoin, right?
• 32:05
  I remember when he did that podcast with Jack Jack Dorsey
• 32:10
  and I forget I think it was Katie Arc.
• 32:17
  Hmm. Forget.
• 32:20
  Anyways while I look up her name, Goose mom, what are your
• 32:23
  thoughts on this? Again, I don't really give a
• 32:27
  fuck with the keys of that, to be honest, I mean, if they
• 32:33
  needed money or like operation expensing Tesla, just go and
• 32:36
  sell your Bitcoin like - are doing the same right now.
• 32:39
  They need operation fancy go and southern Europe, coin meaning,
• 32:43
  if they truly believe in Bitcoin that they're going to buy more
• 32:46
  if they don't, they're pretty good to create the rest of the
• 32:48
  position. Beacon doesn't matter.
• 32:51
  At the end of the day, I'll let you do anything so yeah.
• 32:55
  I mean I like the fact that they are like used to bitcoin.
• 32:58
  I like, I mean, I'm molding for holding, but like if you want to
• 33:02
  develop a like a good economy, first, we need to be comfortable
• 33:07
  with relaxed, like saving or like long-term wealth
• 33:10
  preservation, and then also be able to, like, spend Bitcoin and
• 33:13
  like day-to-day expenses and also use the lightning Network
• 33:16
  and we're not. So if they're using their
• 33:19
  Bitcoin, you know, to maintain their, their factories going and
• 33:23
  keep employing people, so they don't.
• 33:25
  Have the gospel - month I'm running for that but like
• 33:28
  besides that I have like it really, no strong opinion.
• 33:31
  Anyway, can I jump in here real quick?
• 33:33
  And he's been reminded me of something.
• 33:35
  Remember when Elon musk's went on Twitter and was telling us,
• 33:39
  he is selling 10% of his Bitcoin to ensure that the market was
• 33:43
  Liquid enough for them to sell their Bitcoin.
• 33:45
  Well, here we are. And it might have been the other
• 33:48
  way around that they were just making sure that they could sell
• 33:51
  these acids quickly because they are going to need the liquidity.
• 33:55
  So They don't get wrecked as a company.
• 33:57
  Amazing. Absolutely.
• 33:59
  And by the way, the lady that I was referring to who is on the
• 34:02
  call with Ilan and Jack. Dorsey was Kathy, would she is
• 34:06
  the CEO of Arc, invest Arc investment anyways.
• 34:11
  They also have a big allocation Bitcoin as well.
• 34:15
  So, yeah, he Lon totally wrecked and I agree with you Goose mine.
• 34:20
  And there's actually, you see, two types of people on bitcoin
• 34:23
  Twitter, which, you know, the hardcore Or hot Oilers are like
• 34:26
  never sell your Bitcoin and I've been on a Bitcoin standard for a
• 34:31
  while now I use Bitcoin to transact all the time, right?
• 34:35
  So in that infers you're selling it or you're you know you're
• 34:38
  you're exchanging it for good or service.
• 34:41
  So yeah man, I mean, I don't know, I guess, I guess look
• 34:46
  Bitcoin is different to different people.
• 34:48
  Anyways opted, you have another fail.
• 34:51
  Yes, sir. I do have another fail over
• 34:54
  here. I saw this yesterday night and
• 34:58
  they'll go had Blackrock in the news for a minute.
• 35:01
  You guys covered this a long time ago, but as you see, black
• 35:05
  rock is breaking the wrong, kind of record.
• 35:08
  So the news came out yesterday that BlackRock the largest asset
• 35:13
  manager in the world has lost an unprecedented one point seven
• 35:17
  trillion dollar in the first six months of this year.
• 35:21
  These guys are one of the biggest country, if not actually
• 35:26
  the biggest company they have 10 trillion dollars of assets under
• 35:30
  their control. But it's really interesting.
• 35:33
  There's a quote in here about inflation.
• 35:36
  If I can find it real quick and Larry Fink is telling,
• 35:41
  essentially, his investors that they should be concerned about
• 35:45
  inflation. Rising here, it is.
• 35:47
  The challenges associated with high inflation, to Rising
• 35:50
  interest rates are Few more first time Bond ETF users and
• 35:53
  prompting existing investors to find new ways to use ETS in
• 35:56
  their portfolio. So that maybe some noise in your
• 35:58
  opinion, but I find it interesting that two people that
• 36:04
  are in his company, he has concerned for inflation, but
• 36:07
  then he goes on public media public stations and starts.
• 36:11
  Telling people tell you investors that you don't need to
• 36:15
  be concerned with inflation because it's going to be
• 36:18
  alright, a real and this is Honestly guys this is me
• 36:23
  speculating but you know I just talked about Tesla a minute ago.
• 36:28
  This is conjecture but how is this quote, right here in this
• 36:33
  article this is a really famous person called me up, panicking,
• 36:37
  what should I do? I've got to get out, I can't
• 36:39
  stand it, I can't stand it. And Larry Fink ozai, you need to
• 36:43
  go on vacation. Inflation is a concern and if
• 36:47
  you really can't stand it then, sell it, Whatever It Is, who
• 36:50
  knows. Talking about, but the reality
• 36:53
  is we've seen this inflation is going to be fixed over time and
• 36:58
  he pointed to Falling commodity prices of a sign of inflation of
• 37:02
  the I'm almost positive. Nico did have we not covered the
• 37:05
  numbers and commodities prices have gone up.
• 37:08
  Yeah, I mean, dude, look, this guy basically owns the world, I
• 37:15
  would say own the world, but he would, he manages the money that
• 37:19
  basically owns the world BlackRock and Vanguard basically
• 37:25
  own everything. If you look at every major
• 37:27
  corporation in the in the Fortune 500, Vanguard and
• 37:32
  BlackRock have a huge stake in that company doesn't matter if
• 37:35
  it's Apple, you know whatever big company that you could think
• 37:39
  of Microsoft BlackRock and Vanguard own it.
• 37:43
  So that guy is just so disconnected from reality.
• 37:46
  I just I could give a flying fuck what he has to say.
• 37:49
  That's my opinion. On before we go to Guzman, I
• 37:54
  think there's some more signal that Larry Fink is just
• 37:56
  spreading out everywhere and he goes, even if the u.s. is in a
• 38:00
  recession, it's likely to be mild and there's no need to
• 38:03
  panic over fixable inflation. So again guys, like Nico just
• 38:09
  said, Larry Fink is, so detached from reality that he can say.
• 38:15
  On the one hand that there's no problem with inflation, on the
• 38:17
  other hand, there might be problems with inflation and then
• 38:20
  on the The one hand, oh, we might be in a recession but it's
• 38:24
  only going to be a mild recession and then you look at
• 38:26
  the numbers and he his company is losing record numbers of
• 38:32
  money. So which one is it?
• 38:34
  Larry Fink? Are we going to be okay?
• 38:37
  Because we need to know what the big Elites are doing with their
• 38:39
  money. Because we know how the kantian
• 38:42
  Insiders work. You guys are funding everything.
• 38:45
  So, if you guys are getting rekt, that's a sign of concern
• 38:48
  for me. Because, you know, People in
• 38:51
  charge are not going to let the musical chair music stop,
• 38:54
  without them getting the bag guys.
• 38:56
  So hey, I am not the biggest macro corporate guy, but I just
• 39:02
  see the signs and if black rock is losing money and he's telling
• 39:05
  us, we might be in a mild recession and inflation is
• 39:08
  fixable There's a problem on Main Street.
• 39:12
  We go Guzman, what's up? Oh man the opt.
• 39:16
  He's getting into the more complex issues.
• 39:18
  Love it, optic. This is a I think this is up
• 39:21
  these eight full episode doing the failed, then, dude, you're
• 39:25
  doing fucking great. I love it.
• 39:28
  Yeah, Larry Fink look that listen, man, I I'm just happy, I
• 39:34
  have Bitcoin, I'm happy, I have my money in Bitcoin because if
• 39:37
  if I didn't, I would have to deal like crazy.
• 39:40
  These crazy Psychopaths Like Larry Fink and he's also he's a
• 39:44
  big proponent of the whole ESG movement.
• 39:47
  And he uses his voting power that he has because he's
• 39:51
  managing everybody's assets right to force people.
• 39:55
  I mean Force companies, better said and governments to pursue
• 40:00
  so-called green energy policies that have been catastrophic for
• 40:04
  the average Joe because they get stuck paying higher energy bills
• 40:09
  and not To mention the unstable energy grids as well.
• 40:13
  Look at in Germany in Germany there are some places with the
• 40:16
  landlords are literally telling people to cut some firewood to
• 40:20
  warm themselves because their energy grid is so unreliable
• 40:24
  because they made big bets on unreliable green energy.
• 40:28
  Mind you I'm a big fan of green energy.
• 40:30
  The problem is that solar and wind don't produce all the time.
• 40:35
  The only reliable source of green energy is hydro.
• 40:38
  I love Hydro, I think Great form of energy, it's reliable as
• 40:41
  hell, but solar and wind are not, but they never tell you
• 40:45
  that when they pitch solar and wind, right.
• 40:47
  And one of the biggest pushers of that policy that hurts the
• 40:51
  average, Joe is Larry Fink. And of course, he's a member of
• 40:56
  the world economic Forum. Anyways, Goose Pond, what are
• 40:59
  your thoughts, buddy? You know, I agree with you on
• 41:02
  one. I'm like that's th e / like
• 41:06
  energy bar. The fan.
• 41:07
  I will also like nuclear, I'm a huge fan of like nuclear energy
• 41:10
  as well. It's my car, deeply, its energy
• 41:13
  and safest energy is available in the world besides like
• 41:16
  controversial thinking it's the most cost-effective the cheapest
• 41:21
  on the greenest as well. But I mean we also like
• 41:25
  macroeconomics I mean we didn't get like very very interesting
• 41:29
  environment right now. We're make all of these I like
• 41:32
  the largest corporations are like sitting on like all time
• 41:37
  high records amount of cash in the balance sheet, right?
• 41:41
  So, that's pretty much to do the money printer, like, going
• 41:44
  through over the last, like, few years, right?
• 41:48
  So, I think that corporations are in a position where they
• 41:50
  can, like, take a hit at least for a few months because they're
• 41:53
  like, sitting on so much passion.
• 41:55
  They have no idea what to do with it.
• 41:57
  I mean, you also see this were, like, employment is also like a
• 42:01
  Really low levels. Like there's a lot of employment
• 42:04
  going on in pretty much all over the world.
• 42:06
  Although we are neglecting this like very high you inflationary
• 42:09
  environment which seems to be contradictory, right?
• 42:13
  So there's kind of like Miss like yeah.
• 42:17
  I like mixing them across the place.
• 42:20
  But something that we talk about the last episode that I was here
• 42:23
  in the show was like they always an extremely curious that I'm
• 42:28
  from your white, right? So like a small countries as
• 42:30
  America Nation is something that the u.s. is kind of like
• 42:34
  discovering right now because there's haven't been inflation
• 42:37
  lasting 40 years. And I was born with inflation, I
• 42:39
  know what it's like people salaries together just by law
• 42:42
  every six months, right? Other words, extremely curious,
• 42:46
  is that all my life I've been before?
• 42:48
  I especially was converted to to bit concerned that I was like
• 42:51
  saving in dollars because for us the dollar like the US dollar
• 42:55
  was kind of like saving us at in which you should be saving,
• 42:59
  right? Do not like Bruce planning, your
• 43:01
  Has power. But now that has been
• 43:04
  essentially inverted u uy a so I can't read like three and a half
• 43:08
  million people has like lower inflation that the us and our
• 43:13
  currency it's getting its appreciating towards the dollar
• 43:18
  which is mind-blowing. I should be saving in Uruguay
• 43:22
  and pesos instead of like United States dollars, it's
• 43:25
  mind-blowing. It's kind of like changing
• 43:28
  everything back home wins. It's incredible.
• 43:31
  Like, I mean, we are not like a really low inflation WordPress.
• 43:34
  Like 7% per year, is kind of like relatively low.
• 43:38
  The central banks are competent to do that anywhere between
• 43:41
  three to seven as their Target. Right.
• 43:43
  Now, the u.s. is 99.1, right? So I'm already saving at 2%
• 43:48
  spread, just by Saving renew why I'm passes which is crazy.
• 43:52
  Something my parents never signed a life.
• 43:55
  I haven't seen in 25 years, so it's actually pretty crazy,
• 43:59
  that, that that's absolutely. We insane, I really appreciate
• 44:02
  you telling that story because it really gives a perspective of
• 44:06
  how crazy these times are right. Look the reality is that the
• 44:11
  United States printed 30% of the thirty percent of the dollars
• 44:18
  that were ever existed in the last two years, that is an
• 44:22
  insane amount of money and the consequences of that the
• 44:27
  psychological consequences, the social consequences, the
• 44:31
  Consequences are things that were feeling now, right?
• 44:34
  I think it just really turns the world upside down when you print
• 44:39
  money out of nowhere, which other people have to work for,
• 44:43
  right? So anyways, really interesting
• 44:45
  times but this doesn't matter if you're saving and Bitcoin.
• 44:49
  Anyways, Opti is time for the daily meme review, brought to
• 44:53
  you by Citadel, 21 and see. Best Bitcoin cultural scene is
• 44:56
  stories articles Comics by actual bitcoiners is artwork for
• 44:58
  volume tent. Is that work for volume 11?
• 45:01
  Evan and his artwork for Rolling to volunteer models almost sold
• 45:03
  out because there's only 1000 physical copies guys.
• 45:06
  Get your physical Prince of Citadel 21 today, but for they
• 45:09
  were now. All right, everybody first meme
• 45:11
  by Rave elevator, definitely felt.
• 45:13
  Looks like a fellow pleb and it's, you know, the famous Pump.
• 45:16
  It guy, bump it and it's fucking Ilan.
• 45:19
  Must absolutely hilarious. Long bogdanoff.
• 45:23
  All right? You really do have to start
• 45:25
  asking what in the world is going on, right?
• 45:27
  This is the G7, you know, picture and yeah this Is I think
• 45:31
  this is a Japanese prime minister.
• 45:33
  He stepped down Boris Johnson stepped down, the Italian Prime
• 45:35
  Minister stepped down recently. This is macron macron, still in
• 45:39
  office so I don't get that and then you know this is the German
• 45:42
  Prime Minister and she resigned and now Italy?
• 45:46
  Right? So some things are some
• 45:49
  interesting things are definitely going on but you guys
• 45:51
  got macron wrong so I don't know what's going on there.
• 45:55
  All right, here we go. Orange pill, pharmacist I made a
• 45:58
  detailed list of every all coin. That is not a scam.
• 46:00
  Here you go. Go.
• 46:01
  Ha ha ha. That's a good one.
• 46:04
  All right. Next one.
• 46:05
  Whoa, there's a lot of things going on.
• 46:07
  Every influencer Bitcoin, the investment fund Bitcoin.
• 46:11
  The investment fund. Yes, Bitcoin the investment
• 46:13
  fund, then Bitcoin their bond fund, also Bitcoin the shit coin
• 46:17
  fund and Bitcoin the Ponzi fund. Also available Bitcoin that give
• 46:21
  to your money to an influencer fund.
• 46:23
  That's good. That's good.
• 46:24
  All right. Good good.
• 46:25
  Next one by Rasmus. The Second Amendment from the
• 46:28
  day was passed, limited the type of weapon you.
• 46:31
  Own. You couldn't buy a cannon, the
• 46:33
  fuck you couldn't. Ha ha ha.
• 46:36
  I like that. All right, huddle, never saw
• 46:39
  little the two most stolen items in the world.
• 46:42
  The two most stolen is in the world, your freedom, your
• 46:44
  income. So true, so true.
• 46:47
  All right. Next one by assist Co Urban QE
• 46:50
  and rate hikes. Ha ha.
• 46:54
  Oh man, all right, absolutely awesome means for those.
• 46:57
  Awesome means I'm gonna give it something.
• 46:59
  Orange my girlfriends, it s phone her horns, iPhone her,
• 47:03
  orange iPhone, which she wrapped around, and it's orange, looks
• 47:06
  cool. Anyways, Opti, would you give
• 47:07
  those meanwhile second phone softflex?
• 47:11
  Anyways, I got extra pair of Sony MDR headphones, MDR. 750
• 47:18
  for, Guys, these are the best headphones.
• 47:21
  Another softflex was smart. What are your thoughts?
• 47:25
  I know how much my bed. My desk here, but just have a
• 47:27
  look, you gave that already. You gotta gave that already has
• 47:30
  this. This girl.
• 47:31
  No, not that one. Okay, I need the passports, the
• 47:34
  foundation device. Ha ha.
• 47:36
  What else do you do? I can remember the first one
• 47:39
  possible was the second one. Okay, this is brand-new.
• 47:41
  This is brand-new, okay? Brand-new got it in in Miami,
• 47:44
  that's conference, okay? Okay.
• 47:46
  All right. I was giving you a hard time.
• 47:48
  That was a new sort of, you know what it is.
• 47:49
  I got candy. I got confused because fatzke
• 47:52
  when he came on he gave a mug to that said shit Corner tears.
• 47:57
  So anyways guys, we want to know if you agree with their scores
• 48:00
  or you want to rate Meme yourself.
• 48:01
  Let us know down in the comment section.
• 48:04
  Make sure to subscribe to us aren't any video platforms like
• 48:06
  rumble.com or personal favorite, Bitcoin tv.com.
• 48:09
  And join our awesome telegram group.
• 48:12
  It's a party in there. You could link us Bitcoin memes
• 48:14
  to review, literally takes two seconds.
• 48:16
  It's free sound like description, check our Telegram.
• 48:19
  And of course if you're listening to the audio version
• 48:21
  of the show, make sure to tune in until after the show where
• 48:25
  Opti and our friends at Swan Bitcoin or doing a live Q&A and
• 48:29
  hang out on Twitter. Always Opti it was an open
• 48:32
  source. Software released today, wanting
• 48:34
  to everybody about it. Software release, brought to you
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  by Cipher safe, don't store your seed and paper paper could get
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  damaged in a flood in a fire, be back, have all your Bitcoin and
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  there you had your seed your like crap.
• 48:49
  So the best solution is to store your seed and metal the best
• 48:54
  metal backup is cipher safe, get yourself a Cipher wheel or a
• 48:59
  cipher grid. Put your Seat in metal fire.
• 49:02
  Proof waterproof pet proof. It's awesome.
• 49:05
  Visit Cipher, safe dot IO. What's up guy?
• 49:08
  The software update is the Tor Browser version 11.5.
• 49:14
  Make sure you go download that. Of course listen to us on all of
• 49:19
  the audio platforms. What's it goggle?
• 49:23
  Bitcoin TV Rumble? I'll say don't worry guys, we're
• 49:29
  taking it over. It's going to be a little We're
• 49:31
  bear with us, but it's anchor Spotify.
• 49:34
  Apple podcast, make sure to subscribe to our audio podcast.
• 49:37
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• 49:39
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• 50:02
  Dot news. The Legendary Pirate Beach Bum
• 50:05
  is in charge of it. You definitely want to go check
• 50:08
  it out. Also, I want to give a very
• 50:10
  special guest to friend of mine and a friend of the show, the
• 50:14
  awesome and prescient a of the hash rate, but legendary
• 50:18
  Gooseman putting those of Luxor mining.
• 50:22
  Anyways guys, that was our show. If you enjoyed our show, you
• 50:24
  know what to do, smack? Of course, you want to continue
• 50:26
  here in the Bitcoin, use from the Polly Platt perspective, and
• 50:29
  the catastrophic fails of the government's and central banks
• 50:32
  and the shit coins. Of course, forgot that one and
• 50:35
  the beams and the culture. Definitely consider subscribing
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  to Simply Bitcoin. Bitcoin, miners getting pushed
• 50:41
  off the network is a feature. Not a bug.