Latest / Simply Bitcoin / Janet Yellen Admits Dollar in Decline | EP 758

Transcript

Janet Yellen Admits Dollar in Decline | EP 758 · Simply Bitcoin

• 0:24
  Good morning everybody. What's up, what's up?
• 0:27
  What's up? Today is Wednesday, June, 14th.
• 0:30
  Welcome to Simply Bitcoin. We are your number one source
• 0:33
  for the peaceful Bitcoin Revolution, we cover breaking
• 0:35
  news culture and memetic warfare.
• 0:37
  We being on Big Horn is from all around the world from the
• 0:39
  biggest names to the everyday Bitcoin.
• 0:41
  ER we got them all and we will be your guide through the
• 0:45
  separation of money and state. Apologies for the delay, guys.
• 0:49
  But you did not understand what kind of BS that me and my Boy,
• 0:53
  Mike had to deal with to get you a live show today but the show
• 0:57
  don't stop. And we're still going to hit you
• 1:00
  with the message. And Today's Show we have a, we
• 1:03
  have a good theme for you guys. Today, we're seeing in real time
• 1:07
  that the market is waking up to the idea that there's Bitcoin
• 1:09
  and then there is crypto. But even further, we're seeing
• 1:12
  that, the US has pushed too hard with the dollar hegemony and the
• 1:16
  world is not taking it lightly. We've been covering these
• 1:19
  grumbles for a long time. We had Janet Yellen said, Quiet
• 1:23
  part out loud this morning or rather yesterday.
• 1:26
  And again the writing is on the wall, people are looking for
• 1:29
  alternatives to the dollar and obviously this is simply
• 1:32
  Bitcoin. So the answer is simply Bitcoin
• 1:36
  but only one country has taken the leap and dared to go all in
• 1:40
  on bitcoin and make it official. So in time, more people are
• 1:44
  going to wake up to this. But we are seeing that people
• 1:48
  are not taking the weaponization of the dollar lightly and And
• 1:53
  man it really is crazy times that we are living in right now.
• 1:57
  And we are seeing the US bureaucrats saying what we know
• 2:01
  to be true as bitcoiners, they're continuously saying the
• 2:03
  silent part out loud and Janet Yellen just said it yesterday,
• 2:08
  the dollar is in Decline, but they still believe that there is
• 2:11
  no alternative so you don't need to worry.
• 2:13
  If you own Bitcoin take Bitcoin in the self, custody run a node
• 2:17
  and live on the Bitcoin standard.
• 2:19
  Everything is all gravy. This is why we are simply I'm
• 2:23
  and finally, it's very interesting that all the art
• 2:27
  Corners weight. Then finally interesting that
• 2:29
  all this shit Corners are starting to wake up to what
• 2:32
  we've been saying for over a decade that there is Bitcoin and
• 2:35
  there's shit coins. And hey, you know, I know that
• 2:39
  some people will call a status because we acknowledge the fact
• 2:42
  that there is some rules of the road and your shit coin does not
• 2:46
  change the game because it is my new innovation.
• 2:51
  But hey if you're a It Corner, you're good to go.
• 2:54
  We're living in crazy times and Men, I wouldn't change it for
• 2:58
  the world and I am not alone. I do have my boy, Mike Hobart
• 3:02
  here and we are going to do a master class on why Bitcoin not
• 3:08
  crypto. I brought up an article that
• 3:10
  Mike wrote on our sub stack. Here's why we don't crypto and
• 3:14
  we even brought some receipts some videos.
• 3:17
  So today might be a little video heavy but when you get the sauce
• 3:21
  from the horse's mouth, And they expose the game for themselves,
• 3:25
  I think it makes what we say. A lot, a lot more, not only
• 3:30
  interesting, but hit harder. So this isn't just, you know,
• 3:33
  some toxic Bitcoin Maxi saying this and, you know, Schilling,
• 3:37
  our bags and talking our bags. This is the game and me and Mike
• 3:41
  were actually having this conversation before I ran into
• 3:44
  issues on the back end. But as bitcoiners, we're just
• 3:48
  like the crazy guy's at the beginning of the meat grinder.
• 3:51
  Like, hey guys, listen. To us.
• 3:53
  We're trying to protect you from yourselves and they're like,
• 3:54
  yeah, shut up. You stupid.
• 3:56
  Toxic Maxi. You don't know what you're
• 3:57
  talking about? This time is different.
• 4:00
  My shit coin is different in. We're like bro we've done this
• 4:03
  before. We've been here for a while and
• 4:05
  we're just trying to protect you from yourself.
• 4:07
  So we got a lot of receipt for you guys today.
• 4:09
  But anyways, Mike, how you doing?
• 4:10
  How stressed out are you, are you the same stressed out that I
• 4:13
  am? Or are you chilling?
• 4:14
  Now, dude, I'm on. I'm on cloud nine after the
• 4:18
  stress because like we were chilling.
• 4:20
  We were having a Greek like, Anti-government anti-censorship.
• 4:24
  Hey, don't say they're gonna cut us in half again and then they
• 4:27
  shut us down for 10 minutes after 10 20 minutes to make a
• 4:30
  squeal. But like we are absolutely.
• 4:34
  We're I got was telling Opti before all that nonsense popped
• 4:38
  off, its like us bitcoiners were the were the crazy Vietnam vets
• 4:42
  of sayings like hey, like everything is not as it seems
• 4:46
  and you should not be trusting anything.
• 4:48
  We're the crazy Vietnam Vets before Kicked off because once
• 4:53
  2020, kicked off all Vietnam Vets got Vindicated in my
• 4:57
  opinion and now like we're just as far as bitcoiners were just
• 5:00
  we're going through our Vietnam veteran.
• 5:03
  And I think this, I think what we're about to we're about to
• 5:06
  talk about is probably I would hope is going to be the
• 5:08
  beginning of people waking up and realizing yeah, 100% agree.
• 5:12
  Well, let's get into it bro. The Bitcoin members brought to
• 5:18
  you by not all at this point, you should be running your own
• 5:21
  Bitcoin note. If you don't use your own
• 5:23
  Bitcoin node, you're trusting someone else is run your own
• 5:26
  version of Bitcoin core. The lightning Network,
• 5:29
  whirlpool, and Dojo all from the comfort of your own home.
• 5:33
  And if your digital Nomad, you have absolutely no excuse
• 5:36
  because now you can run a novel through a virtual private
• 5:39
  server. Visit noddle Dottie you today of
• 5:42
  course of course. Of course guys before we get
• 5:44
  into the numbers Yes. We want to tell you guys about
• 5:47
  Bitcoin 2024. They need to update their
• 5:50
  website. It's going to be a Nashville
• 5:51
  July 25th 27th 2024, it is literally a year away.
• 5:55
  The only reason we're telling you guys about this now is
• 5:58
  because we are sick and tired of you guys complaining about the
• 6:00
  price. Well, we're telling you today so
• 6:03
  that you can get an early ticket.
• 6:04
  You guys are all going to say the same thing when the
• 6:07
  conference comes around. Oh man, I wish I went to the
• 6:10
  conference but the tickets are so high, we'll get them today.
• 6:13
  It is 499 for the general admission pass.
• 6:16
  And if you want to get in Bitcoin industry pass, it is
• 6:19
  what a $1200 for the three days pass everyone that you know, and
• 6:24
  love will either be at the conference around the
• 6:27
  conference. We are taking over Nashville in
• 6:30
  July of next year. And I think we are going to be
• 6:34
  pleasantly happy next year. When we all take over Nashville
• 6:38
  because I am still convinced that we are heading out of this
• 6:41
  bear market, so get your ticket today so you do not complain.
• 6:45
  Hey, Even if you don't go you can flip it guys, but you want
• 6:48
  to get to the conference. Anyways, let's get into the
• 6:50
  numbers. Of course, we are over here on
• 6:52
  Clark Moody's dashboard and we're going to start with my
• 6:56
  favorite number which is the block height all-time high and
• 6:59
  block height. It's almost like the Bitcoin
• 7:01
  Network continues to work Tick. Tock next block we are currently
• 7:04
  at 790 4327 all-time high and block height, the SATs per
• 7:10
  dollar aka the Moscow time AKA how much Bitcoin you can buy for
• 7:14
  a single dollar. Currently at 3851 sets, the
• 7:19
  current bitcoin price is 25 thousand.
• 7:21
  Nine hundred seventy wow. Literally, I never look at the
• 7:25
  Bitcoin price until we talk about this on the show.
• 7:28
  Wow, we're at 25k right now. Hopefully we start inch back out
• 7:32
  getting absolutely raft again because of all the shit Corners,
• 7:36
  amazing. Chicken is make us all look bad.
• 7:38
  Anyways, the total amount of Bitcoin, the percentage issued
• 7:42
  is currently at ninety two point three nine percent the market
• 7:45
  Capitalization and Fiat dirty Fiat, dollars at 500 and 3.9
• 7:49
  billion dollars. The realized monetary inflation
• 7:52
  taking Fiat currencies to school is 1.75 percent.
• 7:56
  The Bitcoin Bush gold market cap is three point nine, two percent
• 8:00
  and anyone that still thinks they are late to bitcoin.
• 8:05
  Bitcoin isn't even 5% of the gold market cabin.
• 8:08
  I think that is besides getting over the one trillion dollar
• 8:11
  market cap again. I think the next, the next mark
• 8:15
  on the toll is beating the gold market cab.
• 8:19
  Anyway, the total capacity in the lightning that were the
• 8:21
  total public capacity. 5390 2.2 BTC with a public reachable
• 8:26
  Bitcoin nodes of 17,000 and 96. And the hash rate.
• 8:30
  The last 90 days is 353. .4 x. A hashes, I think this one, I
• 8:34
  don't know. We're Clark mood, he's getting
• 8:35
  his hash rate numbers from, but I've been seeing some metrics
• 8:39
  that it might be over 400 x ashes, obviously, we don't know,
• 8:43
  but it's going parabolic. Anyways, the blocks to clear is
• 8:48
  57 blocks to clear with a pending fees of 5.99 BTC.
• 8:52
  Wait? I thought the Wizards broke
• 8:54
  Bitcoin. What is going on?
• 8:55
  Apparently Bitcoin is unaffected and this is just how the Bitcoin
• 8:59
  network works. Anyways, this is the numbers I
• 9:02
  do have a video for you guys but but this is a number so I do
• 9:07
  hope. I do want to kind of preface the
• 9:12
  video that I'm going to play. It is a video of Gary Gensler.
• 9:17
  In the past, I am pretty sure it is at his MIT class and he very
• 9:22
  clearly lays out the game when it comes to a theorem that there
• 9:26
  is a foundation that there is a head to Shop Chop off and that
• 9:29
  Bitcoin is different. And we've been covering this the
• 9:33
  last couple of weeks when we The the case in the suit in against
• 9:38
  finance, and it shows that what we got here, 19 tokens,
• 9:44
  according to the SEC are unregistered Securities.
• 9:46
  So just to name them again for you guys that might for some
• 9:49
  reason still not be Bitcoin only, we got 88 car, don't know,
• 9:54
  we got algo, we got Adam, we got a excess, we got by Nance,
• 9:59
  what's it? B, & B by Nance token.
• 10:01
  We got by Nance USD. We got chz, we got Cody, we got
• 10:05
  Dash, we got file coin, we got flow.
• 10:08
  We got ICP monitor Ematic near neck, so, sand and Solana and
• 10:15
  vgx. Anyways, just to give you guys a
• 10:18
  little update before I give you guys the video, we did Cover the
• 10:23
  by Nance suit on Monday, I believe.
• 10:26
  And we just heard yesterday that finance and SEC have until
• 10:30
  tomorrow to figure out what they're going to do to
• 10:34
  compromise. Eyes on whether the by Nance
• 10:37
  assets will be frozen or not. But you can see here the New
• 10:40
  York Times. Greatest yellow journalism in
• 10:44
  the game Finance part with us Regulators over asset freeze, a
• 10:47
  judge urge the Securities and Exchange Commission to reach a
• 10:49
  compromise with finance, that would allow the world's largest
• 10:52
  crypto currency exchange to continue operating in the United
• 10:55
  States, going to spare you from all of this article.
• 10:59
  But we have right here at the very bottom, the SEC said in
• 11:01
  court papers, that none of its moves should have come as a
• 11:04
  surprise. As to buying it and its chief
• 11:06
  executive CZ who is also a target of the lawsuit.
• 11:09
  Defendants knew that the constant with respect to us
• 11:12
  investors with the legal and risk US.
• 11:14
  Government enforcement actions, the SEC said in a filing instead
• 11:17
  of seizing such illegal activity, CZ and finance double
• 11:20
  down. Anyways to give you a little
• 11:22
  wrap up on the case at the end of the hearing which lasted
• 11:25
  roughly 90 minutes, judge action, suggested, both sides,
• 11:28
  come to an agreement on the SE c--'s request to freeze assets
• 11:31
  as soon as possible. Anyways that was just to give A
• 11:34
  little update on the finance case and of course, which shit
• 11:39
  coins are considered unregistered Securities
• 11:42
  according to the SEC. But as I said in the opener we
• 11:46
  have a running theme on today's show and it is Bitcoin and not
• 11:50
  crypto and again Mike is going to give you a master class on
• 11:54
  why we don't touch crypto but I know most people think that we
• 11:59
  are biased bitcoiners, you know that we're talking our bags that
• 12:03
  that were toxic Taxis and we're against Innovation and you know
• 12:08
  much Innovation my blockchain and Bitcoin is old and my you
• 12:13
  know Bitcoin is mine all the narratives you've heard for a
• 12:15
  while. Well this is why we tell you
• 12:18
  guys it is simply Bitcoin, there's Bitcoin in their shit.
• 12:20
  Coin is because anyone with any understanding of what's going on
• 12:24
  over here, understand one simple thing, there's Bitcoin and
• 12:27
  there's shit coins and everything that isn't Bitcoin is
• 12:31
  essentially not destined to. Make it through the storm and
• 12:36
  again, Nico and I say it. Mike and I are going to say it
• 12:40
  on the show but I think it has more weight when it comes from
• 12:44
  someone that isn't quote-unquote Bitcoin Maxi but he's saying the
• 12:48
  same exact thing that we're saying.
• 12:49
  So it's not just our lenses. It's not just a maxi land, it's
• 12:53
  not just us talking our bags. It's not our Bitcoin bias.
• 12:56
  This is just the understanding that anyone that doesn't have a
• 13:00
  heavy bag that is confusing them understand.
• 13:03
  So let's get It into this GG clip right here, because he says
• 13:07
  what we say all the time, and of course, before you call me a
• 13:10
  status. I know.
• 13:12
  I know, Gary, Gensler worked for the SEC, and you can't trust him
• 13:15
  farther than you can throw. But still there is laws here
• 13:20
  guys. And of course, of course, you
• 13:22
  know, shit coins, can go around the world.
• 13:24
  The US isn't the Arbiter of the world, but there is a berry real
• 13:30
  thread going on right now. That shit coins are probably
• 13:32
  dead in the US. Who knows?
• 13:34
  How long This will take, but the writing is clear, you want to be
• 13:37
  holding Bitcoin because Bitcoin has differentiated itself from
• 13:41
  shit coins in the very beginning before it was Unleashed into the
• 13:45
  world. And this is why Bitcoin will
• 13:47
  succeed. And this is why Bitcoin is are
• 13:48
  always like. Yeah, come and take it, you
• 13:50
  know, Bitcoin is antifragile. I want you to mess with the
• 13:53
  Bitcoin Network, to prove our thesis that we are correct.
• 13:56
  Anyway, let's listen to Gigi and then we'll talk about this.
• 14:00
  Inherently pretty difficult thing to regulate.
• 14:02
  I mean nothing without centers inherently hard to.
• 14:05
  Well, we'll see. I'm going to challenge that a
• 14:07
  little bit. Most of this does have a center
• 14:11
  so Satoshi nakamoto's eight-page paper.
• 14:16
  There was put out on a cypherpunk email list.
• 14:21
  That's kind of centered in a more decentralized conceptual
• 14:25
  framework and maybe a Libertarian framework but by and
• 14:30
  large the thousands of crypto tokens that have come since or
• 14:36
  highly. Centralized etherium is centered
• 14:42
  around the etherium foundation of italic Buddha, rat and a team
• 14:46
  of developers, they're 70 people that work at the theater and
• 14:48
  foundation, not all of whom are Developers.
• 14:51
  But, you know, Okay. Well also I think this week the
• 14:59
  SEC was going to have a conversation with metallic but I
• 15:03
  think the signal here is guys. I know I've said in the past,
• 15:07
  Gary Gensler, he's not a friend to bitcoin even though I know he
• 15:10
  understands what is going on in the space.
• 15:12
  He did teach a class in regards to blockchain at MIT.
• 15:17
  I know he's a lot smarter than he is portraying right now.
• 15:20
  I know he understands that there is Bitcoin in their shit coin
• 15:23
  but he said Very clearly and I wish I had a date for this but
• 15:26
  it was just making its rounds on Twitter.
• 15:28
  But I'm pretty sure this was before, he was heading the SEC,
• 15:33
  and he very clearly understands that everything besides Bitcoin
• 15:36
  has a center, he obviously picked on eith right there
• 15:39
  because everyone knows about the East foundation, how they
• 15:41
  control the network, but he very clearly made a differentiation
• 15:46
  between Bitcoin and shit. Coined between Satoshi, leaving
• 15:50
  the network between the fact that every What do you say?
• 15:54
  Thousands of shit coins. Have a board, a corporation.
• 15:57
  If you can cut the head off, they will.
• 16:00
  And this is what we're seeing right now.
• 16:02
  Of course, right now, we're at the the point in the race where
• 16:05
  they're not going to go to Every coin yet and cut the head off,
• 16:08
  they're going to the exchanges. So what do we as bitcoiners?
• 16:11
  Keep telling you you want to be holding Bitcoin.
• 16:14
  Only you want to take Bitcoin off the exchanges so that you
• 16:16
  can protect yourself from this kind of crazy stuff because hey
• 16:19
  I know it seems like bitcoiners are cheering on regulation right
• 16:23
  now but I Trust politicians, I don't trust the SEC farther than
• 16:26
  I can throw them and it's only a matter of time until they really
• 16:29
  do try to attack Bitcoin and Bitcoin owners.
• 16:32
  So I am protecting myself up front and me and Mike were
• 16:35
  having this conversation before we went live that Bitcoin was
• 16:40
  set up in such a way to bypass, all of these laws and everything
• 16:44
  else. Basically shot themselves in the
• 16:46
  foot from the jump. And this is what we're going to
• 16:48
  jump in on the culture, but this video really does make me
• 16:53
  wonder. Under what Gary's incentives are
• 16:56
  now because I've said in the past, of course, I'm the
• 16:58
  paranoid Bitcoin her on the show.
• 17:00
  I'm though, I'm the in-house resident tinfoil hat, bit,
• 17:03
  coiner of Simply Bitcoin, and it really makes me suspect of
• 17:08
  again, slurs incentives. It seems like he is playing
• 17:11
  cover for the Legacy banking institutions.
• 17:15
  And I think yesterday Mike were we not in the space is talking
• 17:18
  about how he this', the reigning fed coin.
• 17:21
  And obviously, it's You know, slithering it to way through
• 17:25
  regulation and trying to Lobby, its way, so that it becomes that
• 17:29
  regulated Federated fed coin, so that, you know, it's the banking
• 17:33
  coin from from the jump and it's endorsed by the institutions
• 17:36
  that be, and probably will be pinned against Bitcoin and made
• 17:40
  bitcoiners and Bitcoin to be the bad guy.
• 17:43
  Anyways, Mike, what's your thoughts on on that video and
• 17:45
  maybe in General on what's going on before we get into the news?
• 17:51
  Yeah, that video I mean for me is asking my opinion on that
• 17:55
  video is like, it doesn't really do much just because like
• 18:00
  Genzler's opinions have been pretty public in my opinion for
• 18:04
  years, like, ever since, like, people have been circulating the
• 18:10
  MIT lectures and all that stuff, like I'm of the opinion aligned
• 18:15
  with yourself, you like your own, like, he knows what he's
• 18:18
  doing, he knows what he's talking about, but I also don't
• 18:23
  trust him. I think that there's there's
• 18:25
  going to be he's going to have incentives that we either are
• 18:29
  aware of or were just ignorant to, and Ultimately like you
• 18:36
  said, I want to reiterate what I said in the space is yesterday
• 18:40
  with you guys in Brandon than the others and Nate and take the
• 18:44
  ride bitcoiners aren't sharing this on as far as being status.
• 18:49
  Like, we're glad that there's some sort of regulatory body to
• 18:52
  take out the shit coins or the altcoins that we don't like and
• 18:56
  we haven't like since the beginning.
• 19:00
  We are just finally cheering them on for doing there.
• 19:04
  Bleeping job, you know, like I wanted wanted to say it so bad
• 19:08
  but I don't want to get the the channel band.
• 19:12
  Like they're just finally doing their job like that.
• 19:14
  Like that's it I'm not cheering on the state.
• 19:18
  Like I don't think that I think that there's a lot of Burden
• 19:23
  that regulatory bodies like the suc invite, but bitcoiners need
• 19:27
  to also accept that. I don't know if you guys have
• 19:30
  ever attended a garden but if you don't weed the garden
• 19:34
  properly or if you don't we did it in a correct manner.
• 19:39
  There is a way where if like the weeds can take over and cause
• 19:45
  the garden to completely just die to the point where it goes
• 19:48
  to a reset More, Everything dies, Or it's just weeds left.
• 19:52
  And there's there's no capability for anything of
• 19:55
  substance to break through and actually grow to fruition.
• 19:58
  So, like there needs to be a purging fire.
• 20:01
  And honestly, I don't think that this is going to ultimately
• 20:03
  Purge crypto out of the US or the world.
• 20:06
  It's like the next stage for crypto in the u.s. is just going
• 20:09
  to be safe sponsored I wonder which coin that will be my.
• 20:19
  Can you the idea that you told me before the show about, like
• 20:23
  the laws were there before? Bitcoin even got, even got
• 20:27
  issued and everyone every shit corner, just like, tried to
• 20:31
  avoid those laws and it just like, it's incredible that.
• 20:34
  Now they're complaining about it.
• 20:36
  Yeah. I mean the Securities Law has
• 20:37
  been around for how many decades there's around for decades
• 20:41
  before. Or crypto was a thing.
• 20:43
  It was round decades before Bitcoin wasn't thing and then
• 20:46
  Bitcoin was designed to like you said, earlier is designed to
• 20:50
  circumvent a lot of that stuff in the sense of not. not in the
• 20:54
  sense of like illegal or criminal activity, but just
• 20:59
  trying to provide something that wasn't a security for this exact
• 21:02
  reason and then he's crypto project spring up after Bitcoin
• 21:06
  establishes itself as being a relative success and They're all
• 21:12
  engaging in activity than like passes the Howey test and makes
• 21:17
  them a security and they're trying to argue that it's not a
• 21:18
  security like oh this is a financial Innovations like no
• 21:21
  it's not, this is not Financial Innovation and this is something
• 21:26
  we'll get into when I talk about my article but I move the
• 21:32
  position which I think a lot of us are that 99.999% of these
• 21:36
  projects do not provide an actual legitimate.
• 21:40
  Substantiative service to anybody.
• 21:43
  It's just, it's just the financialization project.
• 21:46
  And we're going to play a clip that explains that.
• 21:48
  Exactly, yeah, 100%. And I brought the meme on this
• 21:53
  week, and I was telling Mike about it in before the show is,
• 21:56
  it was an RD Meme and he said, do not ask a woman, her age, a
• 22:00
  man, his salary, or a shit Corner.
• 22:02
  What a security is because they they don't understand what's
• 22:06
  going on. Okay?
• 22:08
  Okay. Don't want to know why.
• 22:10
  And I feel like we could talk about this all day because we
• 22:13
  had this conversation in the beginning.
• 22:14
  It's, it's incredible. That people are so blind to this
• 22:19
  mind blind. And I was asking you, I'm like,
• 22:21
  is it because of their heavy bags?
• 22:23
  Is it because they just don't want to believe it?
• 22:25
  Like, what is going on in these peoples in these people's minds
• 22:29
  to just completely avoid like the truth.
• 22:32
  It's just like an ostrich digging this head in the sand
• 22:35
  and like nope, my shit coin is different.
• 22:37
  It's not a security and it's like, yes, We yeah we did.
• 22:42
  We just we discussed this is that I'm asking the audience now
• 22:49
  because I've already stopped you, I know his answer.
• 22:51
  How many of us were taught about what sunk cost bias is in high
• 22:56
  school or in college? I wasn't taught it.
• 22:59
  I didn't learn what sunk cause bias was to the point of where I
• 23:01
  actually could conceptualize it until I started learning about
• 23:04
  Bitcoin six seven years ago, six years ago, so like, and they're
• 23:09
  in therein lies the problem. Because how many of us I
• 23:12
  guarantee everybody that's watching right now.
• 23:14
  Are they watches in the future son?
• 23:16
  Cause bias is where you don't want to give up on something,
• 23:19
  just because of the amount of time, effort and resources, you
• 23:22
  have dedicated towards that thing.
• 23:25
  How many of us have engaged in that with our personal
• 23:28
  relationships, which is friendship family and love
• 23:31
  interest? How many of us have kept those
• 23:35
  parasitic toxic relationships around just because they've been
• 23:39
  around for a long time. We've all done it.
• 23:42
  How many of us have hobbies and habits that we know are
• 23:45
  detrimental to our own success in our own dreams, but we keep
• 23:49
  doing them just because they have been a consistent pillar in
• 23:52
  our life. This includes drinking, this
• 23:54
  includes smoking, cigarettes include smoking, too much weed.
• 23:58
  All of it, we've all done it. But how many of us are taught
• 24:02
  about like that being a problem or even what that is?
• 24:07
  And then like, when you're having these conversations with
• 24:09
  nor means, you have, to be able to understand that, a lot of
• 24:12
  people aren't even aware of that bias in their life.
• 24:16
  Like they don't understand why they are making it because like
• 24:19
  so much of their time effort, and financial resources are
• 24:22
  going into things that don't make any sense.
• 24:24
  As far as like what the goals that they're trying to achieve
• 24:28
  roof too much sauce on today's show, we're getting into a
• 24:32
  self-help Guru on this one but let's get into the news, let's
• 24:34
  get into the news. The Daily News, The Daily News
• 24:41
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• 25:18
  Before I get into this, everyone in the chat is having a great
• 25:21
  time to what you just said, Mike, I can't see it.
• 25:26
  Our back ends acting weird today, guys, but it's working
• 25:29
  working well enough. But anyways, before I get into
• 25:32
  the news, of course, we want to give a shout-out to our sponsor.
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  The orange pill app.com The stack friends who Stacks ads, I
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  your area. You can even get on the a pan on
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  is made up of human. Into and this is something that
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  we all need to keep in mind you are Bitcoin.
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  Every one of us is Bitcoin. Everyone running a node taking
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  Bitcoin in the South custody. You are the Bitcoin social
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  layer. It is ones and zeros but it's
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  all about human action and humans getting together,
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  connecting and running a rule set.
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  That doesn't steal from them. Get on the orange, pull out
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  right now. Stack friends, who Stacks.
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  That's okay. Getting into the news.
• 26:32
  I know today's news is really focused on Janet Yellen.
• 26:36
  Admitting and saying the quiet part out loud that the dollar is
• 26:39
  in Decline. But for those people that aren't
• 26:42
  watching, simply Bitcoin every single day, I want to give you
• 26:44
  guys some contacts because we've been seeing this.
• 26:46
  We've been covering this for a long time on the show.
• 26:49
  That's the idea of the u.s. using the dollar weaponizing the
• 26:54
  dollar. And I think they have pushed a
• 26:57
  little too hard and people are waking up, that people are
• 27:00
  asking themselves. Is there an alternative, but
• 27:03
  most people are still a part of The cargo cult that is Fiat
• 27:08
  currencies and they're looking around.
• 27:10
  And what are they thinking to themselves?
• 27:12
  They're like, hey, I don't like the US dollar.
• 27:14
  I don't like this fiat currency. So what I'm going to do, I'm
• 27:16
  going to find another fiat currency and we're just going to
• 27:19
  rehash this whole circus, one more time.
• 27:22
  But anyways, here we have this article here on cbc.ca and it
• 27:26
  goes brics nations take on US dollar and Western dominance.
• 27:30
  And we've been covering this for a long time.
• 27:31
  You know the brics Nations have been posturing that they're
• 27:33
  going to drop the US dollar we've even seen Some oil being
• 27:37
  settled in the dollar but the big story of yesterday was Janet
• 27:44
  Yellen saying the quiet part out loud.
• 27:46
  So I'm going to cover this article here.
• 27:48
  And then I do have some extra, some extra sauce in here to make
• 27:52
  our Point, even stronger. But treasury secretary Janet
• 27:55
  Yellen. And this is Market Insider
• 27:56
  markets on Business Insider and it goes treasury secretary.
• 27:59
  Janet Yellen, says, to expect a gradual decline in the dollar
• 28:03
  share of global reserves. But Greenback Maine's dominant.
• 28:07
  So very interesting that she says, the dollar is losing its
• 28:12
  dominance in the world, but hey, it's never been stronger.
• 28:15
  Which is a, it's a very interesting place that we are
• 28:18
  right now. Anyways, treasury secretary
• 28:19
  Janet Yellen, said to expect a gradual decline in the dollar
• 28:22
  share of gold reserves. Her comments were in response to
• 28:25
  D. Dollarization questions during a
• 28:27
  congressional hearing and she also said, the dollar will
• 28:29
  remain dominant. As most countries have no
• 28:32
  alternative. That is the signal.
• 28:34
  They are saying the same thing all the time.
• 28:36
  Time that hey, you don't like the dollar.
• 28:39
  Well, what else are you going to go to?
• 28:41
  And of course, here at simply Bitcoin.
• 28:43
  We're like, hey guys, have you ever heard about Bitcoin?
• 28:45
  This is probably where you should go.
• 28:47
  We have one country that, done it, El Salvador and it's
• 28:51
  noticeably undeniably improve their country.
• 28:54
  Anyways, let's get into this article.
• 28:56
  The US should expect the dollar share of global reserves to
• 29:00
  slowly decline, but no, Alternatives exist.
• 29:03
  That could completely displaced. The Greenback says, He secretary
• 29:07
  Janet Yellen on Tuesday, her comments came during a housing
• 29:10
  Financial Services Committee in response to questions about the
• 29:13
  risk of d. Dollarization a spiral
• 29:16
  representative Warren Davidson Republican of Ohio on whether us
• 29:20
  sanctions could impact our transactions.
• 29:22
  Yellen acknowledge that their use had motivated some countries
• 29:26
  to look for currency alternative, but the dollar
• 29:28
  plays the role it does in the world financial system, for very
• 29:31
  good reasons that no other country is able to replicate
• 29:34
  including China and that is We have deep liquid, open financial
• 29:38
  markets, strong rule of law and an absence of capital controls
• 29:41
  that. No country is able to replicate.
• 29:43
  It would not be easy for any country, to devise a way to get
• 29:48
  around the dollar. Yeah, another fiat currency is
• 29:52
  what so what do we say all the time on the show, you cannot fix
• 29:55
  the system by playing within the system and this is why Bitcoin
• 29:59
  is that roundabout way. Anyways let's get into this
• 30:01
  article a little further than it goes later Representative
• 30:04
  Vincent cans Alles further inquired.
• 30:06
  Whether the US should slow down the use of sanctions noting that
• 30:09
  even traditionally Allied Nations, such as France had
• 30:12
  recently made non dollar transactions.
• 30:14
  I would say, there's virtually no meaningful work around for
• 30:17
  most countries for using the dollar as a reserve currency
• 30:20
  yelling replied, ask whether dollars.
• 30:22
  International status is diminishing.
• 30:24
  She noted growing diversification within Reserve
• 30:27
  asset something that can be anticipated in the growing
• 30:30
  global economy. We should expect over time May
• 30:32
  gradually increase share of other assets and Reserve
• 30:35
  Holdings of He's a natural desire to diversify, but the
• 30:38
  dollar is Far and Away the dominant Reserve asset, the US
• 30:42
  Dollars Reserve. Status has gradually eroded for
• 30:45
  two decades and here's a link and I brought it up here for you
• 30:48
  guys to to get those headlines as well.
• 30:50
  The dollars dominant at the reserve currency eroded last
• 30:53
  year at 10 times, the pay seen in the past two decades.
• 30:56
  And there's a point in here where it says in a Monday note
• 30:59
  strategist, Joanna frere and Steven Jen calculated the
• 31:03
  Greenback accounted for about two-thirds of total global 2003
• 31:07
  than 55 percent by 2021 and 47 percent last year and that last
• 31:13
  year with 2022. So even though we saw Steve
• 31:17
  decline in 2022, even though it's strengthen International
• 31:20
  Trade remains unchallenged, other reports are pointed
• 31:24
  towards an upsurge and foreign central banks demand for gold as
• 31:27
  another way to reduce the Reliance on dollar reserves
• 31:29
  again, I brought that link up for you guys as well.
• 31:31
  And this one is quoting China, stretch its gold buying spree
• 31:34
  into the seventh straight Month. In May signaling more Central
• 31:37
  Bank D dollarization and we continuously covered the story
• 31:41
  of the world is looking for an alternative to the dollar
• 31:45
  because the US has weaponized a dollar and we are seeing right
• 31:49
  now that it definitely seems like, you know, Jay A Powell is
• 31:53
  out there, trying to bankrupt the rest of the world holding
• 31:56
  treasuries us. Lawmakers aren't helping the
• 31:58
  dollars, cause yelling suggested earlier, in the hearing
• 32:01
  iterated, her long-standing concern, over the US, debt
• 32:04
  ceiling crisis, saying it, undermines Global faith in the
• 32:06
  nation's ability to meet its debt obligations deteriorating,
• 32:09
  the greenback's reputation. Okay, well further in this
• 32:14
  hearing jealous Janet Yellen got asked about the concern whether
• 32:20
  China would dump all of the US Treasury.
• 32:22
  And if I remember correctly it was 850 billion dollars of
• 32:26
  treasuries and Congress was asking her whether she was
• 32:30
  concerned about it. What what should people be
• 32:32
  doing? And again, Janet Yellen just has
• 32:34
  no answer for this, it's really amazing that Janet Yellen is
• 32:37
  even in this position right now because it seems like you had
• 32:42
  great faucet like granny going, something I don't mean to, you
• 32:46
  know, be an ages here. But it's just it's it's
• 32:50
  absolutely incredible that the geriatric class Out there is
• 32:53
  telling us how to run the world, and they are digging their head
• 32:57
  in the sand and avoiding the very real real alternative that
• 33:03
  is Bitcoin. Anyways, again on this same
• 33:06
  thread yesterday, as well, president of Kenya, encourages
• 33:11
  African nations to dump the US dollar for trade and go for
• 33:13
  local trade. But of course, what do we say
• 33:16
  all the time? Yeah, one fiat currency is not
• 33:18
  going to fix another fiat currency.
• 33:20
  And again, I know you guys are all blocked by Beauty.
• 33:22
  On. But Beauty on I think hits it
• 33:25
  very well with this tweet because he's very foolish.
• 33:27
  Africans are moving from one cargo cult to another instead of
• 33:30
  breaking totally free, they appear to be rejecting the
• 33:33
  dollar but what they're doing is trying to reproduce the Eurozone
• 33:36
  Central Bank with the app for exam Bank, what they should do
• 33:40
  is abolish the idea of central clearing Banks entirely
• 33:43
  LeapFrog. The West is El Salvador's doing
• 33:45
  and Go full Bitcoin. This will ensure all Africans
• 33:48
  can access to sound money on simple platforms and Free
• 33:52
  Africa. And from keynesianism, the last
• 33:55
  colonizer and I got a damn even here for you guys.
• 34:00
  You can see here the world Reserve currencies for the last,
• 34:04
  what? 750 years we had the Dutch.
• 34:06
  We had the British and we can see right now and we're seeing
• 34:10
  it in real time that the u.s. Dollar World Reserve currency
• 34:14
  status is on the decline. And of course, as bitcoiners we
• 34:18
  know what the alternative is. It is Bitcoin.
• 34:20
  It is simply Bitcoin and Bitcoin door.
• 34:22
  Reserve currency status is on the rise but most people are
• 34:26
  still clearly asleep at the wheel.
• 34:29
  They think that Bitcoin you know it can't work.
• 34:34
  They think that the solution is more Central Banking.
• 34:37
  They think the solution to Fiat currencies is another fiat
• 34:40
  currency or going into your local currency and it's just
• 34:45
  clearly broken economics. And they're just, they're saying
• 34:49
  the quiet part out loud. Do we know what the timeline is
• 34:51
  here? No.
• 34:52
  No. I'm convinced that they can
• 34:54
  probably kick, the can down the road a lot longer than us
• 34:57
  bitcoiners are willing to admit. We will most likely be on a
• 35:02
  Dollar World, Reserve currency standard for a lot longer than
• 35:04
  bitcoiners are willing to admit, but the writing is clearly on
• 35:08
  the wall and the fact that Janet Yellen is talking about this.
• 35:11
  The fact that Jay Powell and every other bureaucrat out,
• 35:15
  there is scared of D dollarization just shows that
• 35:19
  imagine the conversations are having on the back end on this.
• 35:22
  You can tell that there is a berry real real currency war
• 35:26
  going on. And we've been covering this for
• 35:28
  a long time. We've been bringing the receipts
• 35:30
  on the show a lot and people have been giving us kind of
• 35:33
  flak. They're like all the dollars
• 35:34
  going to maintain it power for a long time and it's like, yeah,
• 35:37
  we understand this but I think the cracks are showing and the
• 35:42
  world is looking for an alternative and of course, at
• 35:45
  Sibley Bitcoin. What are we going to say?
• 35:47
  The answer is simply Bitcoin. And hopefully other countries
• 35:51
  will wake up to this. We've been seeing grumblings
• 35:53
  around the world that people are adopting Bitcoin, of course, as
• 35:57
  a Bitcoin, as a Libertarian. You know, we don't really need
• 36:00
  more legal tender legal, tender status, like El Salvador per se,
• 36:04
  but we do need a very real Grassroots movement of people
• 36:08
  adopting Bitcoin. And this is what we tell you
• 36:11
  guys every single day. The most important thing we can
• 36:13
  be doing is getting Bitcoin into people's hands holding Bitcoin,
• 36:17
  taking Bitcoin off exchanges peer-to-peer Economies and all
• 36:21
  that good stuff. But anyways, I am the absolutely
• 36:24
  bullish AF. Bitcoin are over here and Mike
• 36:27
  is usually a little more sober headed than me.
• 36:29
  So Mike, what's your thoughts on D?
• 36:32
  Dollarization right now? And, and furthermore on yellen's
• 36:36
  admittance that the dollar is losing its status in the world.
• 36:40
  Oh, I lost them wrecked. Okay, well, we'll get them back
• 36:46
  in here but sheesh Crazy, crazy, crazy stuff.
• 36:52
  Okay. Let me let me text him real
• 36:55
  quick and get him on here but absolutely crazy.
• 37:01
  Crazy stuff. Okay, well I'll have to keep it
• 37:06
  moving. We do this live, we do this
• 37:08
  live. All right, one second.
• 37:14
  Crazy craziness. All right, anyways.
• 37:18
  We're going to move into the next, the next portion.
• 37:23
  Here he is. Here he is.
• 37:31
  Whatever we're moving into the next portion.
• 37:34
  Mike, if you can hear me, jump back in.
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  All right, love it. Well, Mike is back and I will
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  give you the floor before we Into your bit and then and then
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  details again guys. I know you guys.
• 38:48
  You plebs in the audience always say man just get spot Bitcoin
• 38:52
  but I think what a lot of people don't realize is you need to
• 38:54
  zoom out and there's levels to this game a bit coin and if you
• 39:00
  have money in the traditional Financial system think the best
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  way to get some exposure. Before you go fully all in on
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  bitcoin is the swan IRA and shouts out to the boys over at
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  Swan continuously killing it. Anyways.
• 39:14
  Wait wait wait. Before we go in Mike when you
• 39:18
  jumped off did you hear the D? Dollarization talk.
• 39:21
  What's your thoughts on that real quick and then we'll jump
• 39:23
  into this bit. Yeah.
• 39:27
  I have a pretty complex opinion because I agree that the dollar
• 39:33
  like that we are D Dollar Rising, I agree that the D
• 39:38
  dollars ation is going to take longer than a lot of bitcoiners
• 39:42
  expect. But I also think it'll be faster
• 39:46
  than a lot of the rest of us, think because I've ranted about
• 39:51
  it before, in the sense of when we're talking about like the,
• 39:56
  whether it's the collapse of the The American Empire or the
• 39:59
  collapse of the Dollar Empire, a lot of people like to harken
• 40:03
  back to like the Roman Empire is an example.
• 40:07
  Now you can't really do that, just like just for for one
• 40:11
  simple reason and that's the rate of communication that we
• 40:15
  have today the capability to sprout, new ideas, spread new
• 40:21
  ideas and engage new ideas is Hundreds of thousands of times
• 40:27
  faster than it was back during the Roman Empire.
• 40:30
  And that makes for the possibility of D Dollar Rising
• 40:37
  today, radically faster than anybody wants to compare two or
• 40:42
  thinks that they know. So like while we can say it's
• 40:44
  going to be around a lot longer than a lot of bitcoiners want to
• 40:48
  accept, it's probably going to happen a lot faster than we
• 40:51
  could ever imagine. And then there was there was
• 40:56
  another point and then the world economic Forum, taking me out
• 41:00
  interrupted my thought process and I wanted to have.
• 41:02
  But there's there was there was a there was another Point as far
• 41:07
  as we can just keep going and then I can bring it back up
• 41:09
  later so I don't have to keep just stalling like on okay.
• 41:13
  Perfect. Yeah, no worries.
• 41:14
  Okay, well we do have this article here, it was on our sub
• 41:19
  stack Mike's, been killing it on our sub stack and this one is
• 41:22
  called, we don't touch crypto. Here's why.
• 41:24
  And before I just let you unleash on this one, you said to
• 41:29
  bring up a point and we brought it up in the beginning and I was
• 41:33
  trolling all the all Corners out there all the shit Corners out.
• 41:36
  There is like hey bro, my financial Innovation bro, like
• 41:39
  move, fast and break things, bro.
• 41:40
  Like, you know, Bitcoin is my space bro.
• 41:43
  Like, you know crypto isn't improving on bitcoin bro and all
• 41:47
  of his bitcoiners like yeah. Yeah, we've heard it all before
• 41:51
  and I don't think there's much fun.
• 41:54
  Innovation, so if you want to start there, I do have clips and
• 41:57
  stuff here. So if you want to T me up for
• 42:00
  whenever you want to play a clip, I will T those up from you
• 42:03
  and we can get those going. If you actually actually Sparks
• 42:06
  the the inspiration to bring up what I was going to bring up to.
• 42:10
  So like with like the firstly, before I get into what I thought
• 42:13
  you just brought up. If you guys still like talking
• 42:17
  about trying to change the system from within the system, I
• 42:21
  hope a lot of you have seen the movie Moneyball because Is what
• 42:24
  Africa is doing. And what beauty ons point was,
• 42:27
  was that they aren't when you're a small player in a big players
• 42:32
  world, like, you can't play by the big by the big players
• 42:36
  ruleset or their capabilities week.
• 42:38
  Like, you're just going to lose every single time and money.
• 42:41
  Ball is a great example of that of a real life example of that.
• 42:45
  Where is a small baseball team? They can't afford to compare
• 42:49
  with like the Yankees. Like they don't have the assets
• 42:52
  or the capability to be able to do.
• 42:54
  What the Yankees can do. So when you're in an underdog
• 42:57
  scenario like that you have to approach the game completely
• 43:01
  differently. Africa is not doing that with
• 43:03
  that, with what, with what op you just talked about from.
• 43:06
  Like you Deion's Point Africa is not doing that.
• 43:09
  They're trying to they're trying to play the Fiat game by playing
• 43:12
  by the Fiat rules and you don't get to do that.
• 43:15
  If you're not like a massive country already like it just
• 43:18
  doesn't make sense. Like that's why time is doing
• 43:21
  what they're doing. Because they can, they believe
• 43:23
  that they can afford to Like do what?
• 43:25
  America is the new like China's the great iterator.
• 43:27
  They're not the great innovator, America is and the problem like
• 43:32
  so like when you're seeing these other areas trying to do this
• 43:35
  they're not going to effectively accomplish anything at least in
• 43:38
  my opinion. That's the way that goes but
• 43:41
  then back to the point of like the financial has a team of
• 43:44
  financialization and all that stuff.
• 43:47
  What crypto has been doing is easily comparable in my opinion
• 43:52
  and what the article gets into if you guys haven't read it Is
• 43:54
  that crypto diversification I guess far?
• 43:58
  As like what they're trying to claim as Financial Innovation,
• 44:01
  is just financialization by another name.
• 44:03
  It is no different than back in 2008.
• 44:07
  The grouping of mortgage-backed Securities of the, like, a
• 44:12
  financialized product of claiming, the grouping of
• 44:15
  mortgage-backed Securities is quote, unquote Diversified so
• 44:18
  that you can continue to earn like.
• 44:21
  So I opted, he's going to play this clip here and I want you
• 44:24
  guys to pay pay attention and see if you can't notice the
• 44:26
  comparisons to crypto. Okay, perfect, let's get this.
• 44:30
  Hopefully it just queued up at the right time for you guys and
• 44:34
  then we do have another clip over here that might point it
• 44:37
  out and we'll play them back to back because this is from The
• 44:41
  Big Short. I'm sure you guys have all seen
• 44:43
  this, but compare this to the shit Quinn space and then we
• 44:48
  have a clip about the shit coin space saying the same exact
• 44:51
  thing. So roll it from acute Point
• 44:53
  Insider okay let's Hopefully, I'm pretty sure I'm teed up.
• 44:56
  We have a good relationship. You have a good relationship,
• 45:01
  we've been doing business together for.
• 45:02
  And so the city owes that you create are of the highest
• 45:07
  quality and the highest value. Absolutely.
• 45:10
  Absolutely. Are you at all concerned about
• 45:13
  the rising? Default rates.
• 45:17
  I assume they'll risk for the spot us myself work.
• 45:23
  Okay, so let me get this straight, the bank calls you up.
• 45:29
  Oh, it's a little earlier, a little early to give you clients
• 45:32
  to give you money to run your business.
• 45:35
  Is that right? Yeah, but we're not in the
• 45:38
  Merrill Lynch building. Okay, we're running on.
• 45:43
  That's hilarious. There we go.
• 45:45
  Yeah. Say that again, CDO.
• 45:55
  A has parts of CDO, B and C. The OB has parts of CDO a but
• 45:58
  then they both get put inside CDOC.
• 46:01
  That one's called CDO squared, CDO of a CDO, all right.
• 46:06
  And then there's CDLs made up of the opposite side of the bed you
• 46:09
  met with the swamps, we call them synthetic.
• 46:12
  Cdos what did you think? Static CDF?
• 46:14
  Okay, okay. Okay.
• 46:16
  Now you want to explain that a little bit.
• 46:19
  Give them some context on that and then, RT y.
• 46:21
  RT up. This other one over there.
• 46:23
  They're essentially just taking Financial products of different
• 46:26
  qualities and then just wrapping them up into a diversified
• 46:30
  portfolio to claim. The like the they diversify to
• 46:33
  weigh the risk which is just nonsense.
• 46:35
  Maybe it would be like having a portfolio of all crypto assets,
• 46:41
  except for Bitcoin and claiming that you're safe.
• 46:44
  And then you're going into today's situation with the SEC
• 46:46
  and everything, but it's just like just patently just false
• 46:49
  complete dog. It like, rape, just say, okay
• 46:54
  now connect that what happened in 2008 with what is going on,
• 47:01
  currently in the Chicago in space and Mike actually will UT
• 47:05
  everyone up with context of this video and how you were telling
• 47:09
  me before the show is, like, if everyone saw this video like
• 47:13
  this video should be blowing up this full.
• 47:15
  Yeah, Moses the whole game in 90 seconds.
• 47:17
  Yeah. So this video we're about to
• 47:19
  show you is also It's featured in the article.
• 47:22
  If you had a red area to seen it, the video is of a discussion
• 47:26
  with between the host who I can't pronounce his name and
• 47:30
  Vinny Gupta, who have any Gupta was a in etherium Foundation
• 47:34
  Insider. He was in, he was part of the
• 47:36
  very early on very early adopter.
• 47:39
  He made tons of money off of it. He's going to talk about it in
• 47:41
  the clip but he specifically talks about the issue that
• 47:45
  etherium ran into and is and he specifically Elaborates on why
• 47:53
  the shit coins face continues to just like propagate new shit
• 47:57
  going projects over and over and over.
• 48:01
  Perfect. All right, let's play this
• 48:03
  really happening with all this stuff.
• 48:04
  Right? Is, there are a bunch of people
• 48:09
  that have a shit ton of ether, right?
• 48:13
  I sold out. Fourteen dollars, a coin and we
• 48:19
  broke our Regal situation, right?
• 48:21
  The foundation did something stupid.
• 48:23
  The exposed all of us to a shit ton of liability.
• 48:26
  And at that point my choice was divesting or moving to a
• 48:29
  jurisdiction without an extra. I should treat you the u.s.
• 48:32
  imagine so divested knowing that it was going to cost me.
• 48:35
  Tens of billions of dollars at full Market would cost me fifty,
• 48:38
  six billion dollars. So what I should really have
• 48:42
  done, is we've proposed for go extradition treaty with the US
• 48:44
  and accepted that I was hiding out but such as life.
• 48:49
  So The Young. So what they're doing is this,
• 49:01
  you've got half a billion dollars worth of ether, right?
• 49:04
  You can't sell half a billion dollars worth of ether without
• 49:06
  crushing ether price. So you're looking for is ways of
• 49:09
  turning your Beaker into money in ways which you don't crush
• 49:12
  The Ether price by Saladin turning indulge their, this is
• 49:16
  the cool goal. So what they've discovered, as a
• 49:18
  whole bunch of weird protocols that allow people to borrow to
• 49:22
  lend money lens, the wrecker out, and then claim interest on
• 49:26
  The Ether. Which is then paid in real
• 49:28
  currencies. So what we're doing is we're
• 49:31
  building up all kind of speculative leveraged Market.
• 49:35
  You've got a thousand ether, you want to buy more research
• 49:39
  because you think the price is going up.
• 49:41
  So you borrow money against your thousand Aether into another
• 49:44
  token, then you sell those tokens from move ether and
• 49:47
  you've got all this kind of Leverage financialization stuff
• 49:51
  going on. The critical thing is that it's
• 49:53
  all zero-sum. Every penny made in these sub,
• 49:56
  markets has been lost Else in the system and the Norms Euro.
• 50:00
  Some use of crypto is like a quarter of a percent of the
• 50:03
  total transaction. Hold this should be.
• 50:06
  So aldens purposes, what we the nuclear bomb that sets off all
• 50:10
  of crypto like anybody who has any fucking money in crypto and
• 50:15
  sees this clip should be flipping out.
• 50:18
  Like I don't understand it. That video, by the way, I wrote
• 50:23
  that article quite a while ago. Video is two years old and it
• 50:29
  only had. So I shared it with another
• 50:31
  friend of mine on Twitter spaces, that's actually from the
• 50:34
  fence with world but loves Bitcoin and hates crypto.
• 50:37
  And I sent it to him like a week ago, and I only had eight
• 50:40
  hundred views. And now it's at about 11:00,
• 50:43
  like, nobody has seen this, like, you guys in the chat right
• 50:48
  now, or whatever you're like, are watching, like, you've seen
• 50:51
  this more than most of the cryptos face like, they don't
• 50:54
  know that this guy is out there. Are that videos out there?
• 50:57
  And he's just like it's all a sham all of it but I guess just
• 51:02
  it's ridiculous. And it also explains why a
• 51:06
  therians price is held up so on and that was before the lock-up
• 51:09
  two guys, that was before the 2.0 of green as far as the the
• 51:14
  staking like contract and everything like this is like
• 51:18
  it's unreal. Absolutely incredible.
• 51:23
  And and can we can we kind of connect this to the conversation
• 51:26
  that we had before before we went live and it was kind of the
• 51:30
  idea and you said in the beginning of like Bitcoin Maxis
• 51:33
  are like the Vietnam veterans they were like guys I know you
• 51:37
  think your coin is different. I know you think there's much
• 51:39
  innovation in the space but there's Bitcoin in their shit
• 51:43
  coin and is becoming very clear if you're in the space for
• 51:46
  longer than probably a year or two, you've done a cycle or so
• 51:49
  you've done the research. That all of this is just a scam
• 51:53
  to get your Bitcoin and there is no real innovation in here.
• 51:57
  It's all. What, what's the Rubes Goldberg
• 52:01
  machine? The just like Perpetual creation
• 52:04
  of stealing your Bitcoin and it just, it really pains me as a
• 52:10
  bit Corner that went through the same cycle and 2017 to see more
• 52:14
  people get rekt by the same mechanisms that got us in the
• 52:18
  beginning. And this is why bitcoiners I
• 52:20
  think you're so tough. Take him where so I don't know.
• 52:22
  Just like, how been on on trying to protect people from
• 52:26
  themselves. I think you said, like big
• 52:27
  Hunters are, like, the parents that are sitting there like,
• 52:29
  hey, like don't do this, do you're going to put your hand on
• 52:33
  the stove? And obviously, people need to
• 52:34
  learn and put their hand on the stove.
• 52:36
  But man, it's incredible that this, this type of content is
• 52:40
  out there and yet people just completely dig their head in the
• 52:44
  sand. And and there's so few Bitcoin
• 52:46
  only content where we're just like, guys just take Bitcoin in
• 52:48
  self custody, you can avoid all the headaches.
• 52:50
  X, you can avoid losing money if you just listen to the toxic
• 52:54
  bitcoiners out there. But, hey, you know, where the
• 52:56
  assholes where the toxic ones. So, whatever, It's like in the
• 53:04
  thing is too is like you asked in a like in the pre-show
• 53:08
  conversation. You asked what what's keeping
• 53:11
  like normies from accepting it and like normies are dealing
• 53:15
  with a lot of like there's a sunk cost bias that I ranted
• 53:17
  about earlier. Like there's there's the fact
• 53:20
  that like the marketing that these projects engage is
• 53:24
  extremely effective. Like we have, we have learned a
• 53:27
  lot about like human psychology and what gets us to want to do
• 53:30
  things. when you guys are having these discussions with your,
• 53:35
  with your crypto friends, or your no corners is, like, you
• 53:38
  need to be cognizant and aware of these kinds of forces on like
• 53:42
  the individual mind because it's these are all powerful drugs,
• 53:46
  especially if any of these individuals get into like the
• 53:49
  crypto space during like an altcoin season when when they're
• 53:53
  capitalizing on bitcoin being in a bull market like That's where
• 53:57
  a lot of us got sucked into Bitcoin was actually through an
• 54:01
  altcoin season like specifically 2017.
• 54:05
  And that's the reason why we're also like the Vietnam vet or
• 54:09
  like the mean that a lot of you guys have seen where it's like
• 54:11
  the big older wolf has a boatload of arrows sticking out
• 54:16
  of his back and like he's all scarred up.
• 54:18
  He's got the little pockets, got tiny little arrow in his thighs.
• 54:20
  Like hey, I'm trying to teach you these lessons because I've
• 54:23
  been here, But if you need a couple arrows in your back, like
• 54:27
  I mean I can facilitate that 100%.
• 54:30
  Hey, I'm Mike, they're asking for the link of that video.
• 54:33
  I gave them the clip that you just that we just watched, but
• 54:37
  if you could drop the whole video in there for the for the
• 54:40
  people in the chat. Yeah.
• 54:41
  And the chat or send it to me and I'll drop it in the link.
• 54:44
  Whatever works best I can do. Okay, cool.
• 54:47
  Alright. Anyways, guys before we get into
• 54:50
  your favorite portion of the show We gotta plug bit plate.
• 54:54
  Make sure you get yourself a bit plate.
• 54:56
  This is listen to a ASMR over here.
• 55:00
  Stainless steel option, make sure you are getting your your
• 55:05
  passphrase, your seed phrase. In something that is
• 55:08
  indestructible. This easy-to-use, hard to
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  destroy the B plates dominoes are designed to preserve Bitcoin
• 55:13
  wallet. Back up seed, words and
• 55:14
  passphrase, is made from highly corrosion-resistant 316 marine
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  grade stainless steel and offering the ultimate protection
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  against Dreamed of temperature, 10% off, all bit played products
• 55:25
  using the code simply guys, you do not want to keep your seed
• 55:31
  phrase on a piece of paper in your sock drawer, get yourself
• 55:36
  something that is indestructible.
• 55:37
  Anyways let's get into the main review, guys.
• 55:40
  This is your favorite portion of the show and you guys spend the
• 55:43
  whole time just to get to the meme review.
• 55:48
  The daily meme review brought to you by Kaboom racks.
• 55:52
  I get this question all the time.
• 55:53
  Nico. Where should I buy Bitcoin?
• 55:55
  Miners to answer is Kaboom racks.
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  It's the best place to buy Bitcoin miners.
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• 56:17
  Rex. All right guys, I just dropped
• 56:18
  the full link in the net and there in the chat for you guys.
• 56:22
  It is like an hour video, but my gave you the juiciest part and I
• 56:26
  gave you guys that Twitter link as well.
• 56:29
  So anyways, Kaboom Max. This is the main review.
• 56:32
  This is your favorite portion of the show where you tag Us in
• 56:34
  memes. You give us memes in our
• 56:36
  telegram group and we share them live on the show for you guys so
• 56:41
  that you guys can review them yourselves.
• 56:43
  This is favorite portion. Of the show.
• 56:46
  This is a fan favorite anyways. The first meme.
• 56:49
  Shout out to my boy. Nick, can't mine because I think
• 56:52
  this is one of the funniest templates.
• 56:54
  This is one of the funnier new templates that I've seen on
• 56:57
  Twitter and it absolutely cracks me up the Zoomer Janet Yellen
• 57:00
  meme. Anyways, we got it right here.
• 57:02
  We got Janet Yellen to Zoomer Janet Yellen with the Zoomer
• 57:05
  haircut and she's got a little you know, gold earring.
• 57:08
  And it goes bro. So like for real a couple
• 57:11
  countries going to stop using the dollar and they laying for
• 57:13
  that on my mama. It's not that bad.
• 57:16
  It's only going to be a little slow Decline, and anyone who
• 57:19
  says, it'll be fast as straight Cap'n.
• 57:24
  Oh, man, that's so funny to me, that that make killed it on that
• 57:28
  one, that's hilarious. The literally.
• 57:30
  Is that not what Janet Yellen just said?
• 57:32
  Oh my God, interpreted from the Zoomer.
• 57:35
  Okay. This next one is by my boy at
• 57:37
  row p.m. on Twitter and he goes, it's all going to work out.
• 57:40
  Exactly how it's supposed to just enjoy the ride.
• 57:44
  And we got this, this I don't know, I'm gonna guess is like a
• 57:47
  70s 60s, 70s, car, there's a dude in a suit and a girl in a
• 57:51
  very colorful shirt. And she's changing the radio and
• 57:54
  sheets on, and they're on the road to the bright orange
• 57:58
  future. So you can see, Bitcoin is in
• 58:01
  the Stars anyways, it's next one, we covered this news
• 58:04
  yesterday. Apple is clamping down on on
• 58:09
  bitcoin, not only apps but their wallets.
• 58:12
  Not only on Noster or Thomas, we're seeing they you know,
• 58:18
  YouTube is shutting stuff down but here we got Paulo ardoin.
• 58:23
  Oh sorry. Forgive me, bro.
• 58:25
  And I'm pretty sure this guy works for key.
• 58:28
  Yeah. Hole punch at keep so he does
• 58:31
  pair over Apple. I'm guessing key is keeps logo
• 58:35
  and a pair, I don't know. Anyways, we got SpongeBob
• 58:38
  yelling and it's SpongeBob is a pain.
• 58:40
  It goes, you can't tip people. As we take it 30 percent cut, I
• 58:44
  think this is what we all. Are realizing Apple watch their
• 58:48
  money and they want it now. Anyways, this next meme is by
• 58:51
  Unchained unchain Buddha and it goes government regulations.
• 58:55
  Got you down, got a family members suffering from
• 58:57
  blockchain technology syndrome check the medicine cabinet.
• 59:01
  There's just been a recall on blockchain at all.
• 59:04
  See if Bitcoin only approach is right for you or them and we got
• 59:09
  some orange pills here or pill pill bottle - blockchain at all.
• 59:13
  Take one daily to convince yourself that all Krypto.
• 59:16
  These are equal side effects may include rug pools.
• 59:19
  Government regulation, Bitcoin maximalism delusion, syndrome,
• 59:22
  retweeting o.d. and self-hatred. We got the the depressed rag,
• 59:29
  NPC ghost in the corner. See if a Bitcoin only approach
• 59:33
  is right for you or a family member today.
• 59:36
  Okay? This next one again on the theme
• 59:39
  of Apple needing their cup. I thought this one was pretty
• 59:42
  funny as well. This is my tray Walsh at que
• 59:44
  Trae Walsh and he goes Date, but you can see here, we're gonna
• 59:47
  double down. We got here, the classic, the,
• 59:51
  you know, McCoy, my kids. My young cool kids and he goes,
• 59:56
  what's an M Pub? And how do we get one?
• 59:58
  But this is the funny one. Here, we got Tim Cook here and
• 1:00:00
  goes, introducing eyes apps. The first of its kind instantly
• 1:00:03
  settled, peer-to-peer payment for Content.
• 1:00:05
  You like, if you don't get the joke, they're gonna tell Noster
• 1:00:09
  this. Just stop zaps and then they'll
• 1:00:11
  Rebrand it as their own new feature, the eyes apps.
• 1:00:16
  Honestly, I see this coming down the line.
• 1:00:18
  I think, anyone can see the writing on the wall.
• 1:00:22
  Okay, this next one. Alright, actually, these last
• 1:00:24
  two memes. I know you guys yell at me all
• 1:00:26
  the time and because I bring charts up here sometimes and
• 1:00:30
  that, you know, last year, I brought like four charts and
• 1:00:33
  everyone's like, oh my chart porn.
• 1:00:34
  You guys are bringing up way more charts and before, hey,
• 1:00:37
  sometimes charts just give you a good visual anyways.
• 1:00:40
  This meme is by dr. Jeff Ross AKA at Vail, sure cap
• 1:00:44
  on Twitter and he go my favorite.
• 1:00:45
  Page on the st. Louis fed dot org, site buying
• 1:00:48
  eggs with Bitcoins since they started keeping track in January
• 1:00:52
  2015, through May 2023. The price of a dozen eggs and US
• 1:00:56
  dollar up 26.5 percent, from two point or two dollars, and 11
• 1:01:01
  cents, to two dollars and 67 cents.
• 1:01:04
  And you can see the chart right here.
• 1:01:05
  Average price in eggs. It looks like it's getting
• 1:01:08
  higher. But also, it looks like it's
• 1:01:10
  coming down a little bit, but it is still higher than it was.
• 1:01:14
  It's almost like it's going. Up forever.
• 1:01:16
  Laura anyways. And then in BTC it is down - 99
• 1:01:21
  percent from 925,000 406 SATs to nine thousand six hundred and
• 1:01:27
  ninety five shots and you can see the chart here and the
• 1:01:30
  conclusion is life gets more expensive the longer you hold
• 1:01:33
  you as dollars. Why life gets cheaper the longer
• 1:01:35
  you hold Bitcoin back over here bro.
• 1:01:37
  So like for real couple countries gonna I'm using the
• 1:01:39
  dollar and they'll aim for that bro.
• 1:01:41
  Like okay this is something we've kind of been talking about
• 1:01:49
  in space is a lot. I've been having these
• 1:01:50
  conversations with friends off air as well.
• 1:01:54
  It is the idea that I think a lot of big Corners are feeling
• 1:01:57
  the bear Market fatigue right now there's a lot of you know
• 1:02:02
  shit slinging on Twitter, everyone's attacking each other.
• 1:02:06
  Everyone is tired of being poor and broke because because the
• 1:02:09
  purchasing power of our Bitcoin is down right now.
• 1:02:13
  But if you are in it for the long run, everyone understand.
• 1:02:16
  One thing it is going up, forever.
• 1:02:18
  Laura and Bitcoin is your savings account and the
• 1:02:21
  short-term volatility of Bitcoin shouldn't be a matter.
• 1:02:25
  But anyways, to the classes, coinbase media to the class of
• 1:02:28
  twenty, twenty one and twenty. Twenty two bitcoiners.
• 1:02:30
  If you're still here. Congratulations.
• 1:02:33
  You've just endure the toughest bear market and Bitcoin history.
• 1:02:37
  2015 was 380. Six days, 2018 with 204 days and
• 1:02:42
  2022 bear market. So far is four hundred and
• 1:02:46
  ninety days. The 2024 having is coming and
• 1:02:49
  you can see this chart here, the bear Market, 2015, bear Market
• 1:02:54
  of 2018 and the bear Market, the current bear Market that we're
• 1:02:57
  just barely getting out of. So congratulations to you guys,
• 1:03:01
  if you are a newer Bitcoin 2022, 2022, Bitcoin Ur, you may have
• 1:03:07
  just endured the Bear Market in history yet.
• 1:03:12
  And I think, I think it's becoming very obvious at least
• 1:03:14
  to me. I'm on social media all the
• 1:03:16
  time. It's my job to be on Twitter.
• 1:03:18
  I been around a cycle or two and I'm seeing the same thing.
• 1:03:23
  A lot of our Bitcoin friend, again, lost in the sauce.
• 1:03:26
  There's a lot of divide and conquer going on on Twitter.
• 1:03:30
  It's because it's a bear Market, it's just bear Market things and
• 1:03:32
  we say it all the time. You probably will like a bear
• 1:03:36
  Market more than you like a bull market Twitter.
• 1:03:39
  But hey, just, you know, keep yourself in the game.
• 1:03:44
  Keep your head in the game, and this is the importance of the
• 1:03:46
  memes, because not only are we ridiculing.
• 1:03:49
  The corporate press. Not only are we getting the
• 1:03:51
  calls of actions out there and educating people in bite-sized,
• 1:03:55
  palatable messages and mean for bitcoiners but we're keeping
• 1:04:00
  morale up and as Mike knows he was in the army, And me and him
• 1:04:05
  have had this conversation before.
• 1:04:07
  It is super important to keep the morale of your troops up.
• 1:04:11
  You guys are all in the fight, this is a monetary War, we are
• 1:04:15
  in an information War. I am convinced that we are in an
• 1:04:18
  information war. And as we say, all the time
• 1:04:20
  tweets, the bullets memes relay artillery.
• 1:04:22
  So if you made it through the bear Market, congratulations.
• 1:04:26
  Don't let anyone ever say, you got lucky because it's never
• 1:04:29
  easy. What's it?
• 1:04:29
  What's the mean houghtaling is simple, but it's not easy.
• 1:04:35
  And here we are. Anyways, guys, drop your me
• 1:04:37
  movie score in the chat as we cover hours live, and I'm going
• 1:04:41
  to give this plan B passport sticker from Bitcoin 2023, but
• 1:04:46
  it looks like GTA, shouts out to Katie the Russian shouts out to
• 1:04:50
  the girls over there at Plan B, getting bit corners and extra
• 1:04:53
  passport, so they can escape. Tyranny journalism.
• 1:05:20
  I don't remember where I put them but I think I have no you
• 1:05:24
  gave me some patches and some stickers I'd like them.
• 1:05:27
  A magnet would be lit. I'm a fan of Maggie and you're
• 1:05:30
  like 20. All right, all right.
• 1:05:33
  Drop Your Meme of you scoring the chat, guys.
• 1:05:36
  As we plug represent, go to represent LTD.com promo code,
• 1:05:41
  simply Dash Bitcoin our the merch every single day.
• 1:05:43
  I'm wearing the one that might make fun of me because I thought
• 1:05:46
  it hadn't. I thought it had a Tommy Gun but
• 1:05:48
  it's actually an aka the little angel holding a big coin bag and
• 1:05:52
  the AK but go check out all the stuff that have over that
• 1:05:56
  represent their dropping. All kinds of cool gear.
• 1:05:58
  The hoodies are actually, I have two hoodies over here.
• 1:06:01
  There are my ground. You already know the deal.
• 1:06:04
  I was wearing them earlier but I started sweating.
• 1:06:06
  So I just went to the T-shirt but I love the hoodies as you'll
• 1:06:11
  Niko, he says, you'll see me in the airport in a hoodie because
• 1:06:15
  everyone's are freaking cold. Like what is going on over
• 1:06:17
  there. Okay, anyways guys, I hope you
• 1:06:20
  dropped your meme review. Score in the chat and we will
• 1:06:23
  cover some of them live. Okay, here we go, here we go,
• 1:06:25
  I'm just scrolling. Oh, I forgot.
• 1:06:27
  Music again. Okay, whatever.
• 1:06:29
  Whatever makes them music, make some music for us Mike via your
• 1:06:34
  mouth. Hold on.
• 1:06:35
  Yeah, I don't think Oh, wrong one.
• 1:06:40
  I never mind. Not gonna play music.
• 1:06:42
  Okay. Anyways, first mean review score
• 1:06:46
  is by the p man van and he goes, I give these memes one dollar,
• 1:06:50
  equals one sat, let's go. Okay.
• 1:06:54
  This next one is by Apollo 21 and he goes, I give The memes
• 1:06:57
  Mike's mineral rights for dropping all the spicy sauce.
• 1:07:01
  Yes absolutely killed it. I think at this point I think we
• 1:07:05
  thoroughly destroyed the shit coin narrative.
• 1:07:07
  On today's show. We might have to just clip that
• 1:07:09
  one out for everyone. It's like okay, you want another
• 1:07:11
  game here? We've already covered it for you
• 1:07:15
  anyways. It's next meme.
• 1:07:16
  Is buy Bitcoin for Canadians and goes I give those memes a drink
• 1:07:20
  to celebrate the end of the 2022.
• 1:07:22
  Bear Market, let's go. Okay, this next one is by Elaine
• 1:07:25
  and chicas score. She Corners forced to awaken
• 1:07:29
  when Bitcoin truth opens their eyes and minds and ego takes a
• 1:07:32
  backseat roof bars on that one. Hold on.
• 1:07:35
  Yeah, listen. Okay, who's next me, me and my
• 1:07:38
  planet Earth and he goes. Shout out to my boy planet Earth
• 1:07:41
  because score those memes. A smash, the YouTube like
• 1:07:45
  button, folks, this show is lit. Am, let's go.
• 1:07:50
  This makes me Miz biopsies tarantula inspired, beard, long,
• 1:07:55
  thick and thick, actually, I changed.
• 1:07:57
  Shaved this morning. I did.
• 1:07:58
  I can't grow a beard shuts. Out the trench little.
• 1:08:01
  You got score, the length of opt.
• 1:08:03
  He's throw. Two point.
• 1:08:04
  One quadrillion mm. And he's talking about when I
• 1:08:08
  say I don't trust Gary Gensler as far as I throw him.
• 1:08:12
  Yes. 2.1 caught that's quadrillion.
• 1:08:14
  Mm. That's that's seems like a
• 1:08:16
  that's a long way. That's a long way.
• 1:08:18
  Okay, this next one, Rabe elevator.
• 1:08:21
  I scored the memes 10tb found in the trash and sold for sad.
• 1:08:25
  Boom, okay. All right, okay, this next one
• 1:08:29
  is you deserve real money. You guys, I give those memes sec
• 1:08:32
  in the band coming for crypto, Bros blockchain Ito.
• 1:08:35
  Okay? Okay, I think there was never
• 1:08:40
  mind. Anyway, ran more score, simply
• 1:08:42
  stack sets with Chad, Chad, okay, meme score by Roman Stacks
• 1:08:50
  that show. He goes, meme score, 100 likes
• 1:08:52
  air horns. Let's go.
• 1:08:55
  Okay, there's next one. Is by Pandora, Boxx HQ because
• 1:08:59
  my score Bitcoin flag on the capitol.
• 1:09:01
  Oof meta. That's a meadow 10.
• 1:09:03
  KB TC is truth because I give the means an absent Nika
• 1:09:07
  stacking sat on his day off. Yes, yes.
• 1:09:10
  Okay, this is fun. This is why they like it.
• 1:09:21
  This is why they like it, bro. Anyways, Mike really appreciate
• 1:09:25
  you coming on. On today's show.
• 1:09:27
  The really hype that you have become one of the alternative
• 1:09:30
  members here on simply Bitcoin. I love when you come on, go
• 1:09:35
  ahead, it really isn't time. Yeah, it really balances out my
• 1:09:39
  bullet heartedness. When we get a sober Bitcoin, ER,
• 1:09:42
  and we have we have pretty good banter.
• 1:09:44
  So Mike what do you want? What do you want the people to
• 1:09:47
  check out? I got your Twitter here but plug
• 1:09:49
  everything you're working on. I know you're working on some
• 1:09:51
  other projects that aren't necessarily Bitcoin related.
• 1:09:53
  So yeah, let's touch on that. So as far as as like you guys
• 1:09:57
  can check out my sub stack if you want to see some of the
• 1:10:00
  other side I like to, I like to now keep a lot of my Bitcoin
• 1:10:04
  conversation to Simply, you guys know where to go with simply and
• 1:10:09
  they've got fart, like simple. He's got farther reach and all
• 1:10:12
  that stuff, but I do have my own stuff.
• 1:10:14
  Sack for like, physiology and philosophy and like, what other
• 1:10:18
  things I like to rant about? That can be found at.
• 1:10:21
  Just hear me out dotsub stack.com, that's super easy.
• 1:10:27
  And like the name of the sub stack is just hear me out and
• 1:10:30
  then I'm also down in the lower left, that's my Twitter handle.
• 1:10:36
  Like that's really just the like the only two because I'm pretty
• 1:10:39
  busy over here. Trying to I'm working on getting
• 1:10:42
  a personal training like company set up here in Houston and like,
• 1:10:46
  getting a cscs certification. So I'm staying plenty busy.
• 1:10:52
  Did honestly Bitcoin life as like a big clown?
• 1:10:55
  My life. And I think we've talked about
• 1:10:57
  this on the past like Bitcoin has a weird way.
• 1:11:01
  Obviously, the meme Bitcoin changes you you don't change
• 1:11:04
  Bitcoin but it's very interesting how a lot of us
• 1:11:07
  bitcoiners learn to become entrepreneurs through Bitcoin
• 1:11:12
  and it just like it really blows everything, you know, to be
• 1:11:15
  true. And as you you know, transition
• 1:11:18
  from Fiat life into stacking SATs There comes a point where
• 1:11:22
  you're like well I have some SATs now.
• 1:11:25
  Maybe I can transition unlock my human capital and build some
• 1:11:28
  businesses that I've always wanted to do and it's just
• 1:11:31
  beautiful to see this happen in so many of my friends.
• 1:11:34
  And I think we said this last time you were on here, maybe the
• 1:11:37
  time before we're us becoming entrepreneurs is just like a
• 1:11:43
  parallel route of everything. We're doing here in time is
• 1:11:46
  like, what we say all the time on space is if you guys aren't
• 1:11:49
  on Twitter spaces with us, me and my crew.
• 1:11:51
  All the time about this, get your mind right, get your body,
• 1:11:53
  right? Get your finances, right and
• 1:11:57
  everything else will fall into place and this is something we
• 1:12:00
  talked about consistently on Twitter, it's get outside, touch
• 1:12:03
  some grass, lift, some heavy stuff, eat some good food, build
• 1:12:07
  your relationships up because it's not all about just hoarding
• 1:12:10
  SATs, it's about becoming the best possible version of
• 1:12:14
  yourself that you can be. And, of course, it starts with
• 1:12:16
  fixing the money, it starts with being financially free, and then
• 1:12:20
  from there, You can become a well-rounded human and spread
• 1:12:24
  the Bitcoin, message easier. Anyways, Mike, hang out in the
• 1:12:27
  back, I want to continue the combo, we had in the beginning
• 1:12:30
  as I roll. This one out for everyone.
• 1:12:34
  All right guys? Want to show was a little bit of
• 1:12:38
  chaos. Again, we did start a little
• 1:12:41
  late on today's show but you do not know how much trouble
• 1:12:45
  shooting I had to do to get this show to go, right.
• 1:12:49
  We may have to Use another servicing platform, at least
• 1:12:53
  have a backup because I almost thought I didn't have a show for
• 1:12:56
  you guys, but we absolutely slated on Today, Show.
• 1:12:59
  So, shout out to all you guys. We will be back with our normal
• 1:13:02
  show tomorrow. Actually, we're going to do, we
• 1:13:05
  do have a TTL tonight, so I will be doing a TTL tonight.
• 1:13:09
  Hope you guys like it come back later on today.
• 1:13:11
  But of course, if you want the show and audio, only form, we
• 1:13:14
  aren't anchor Spotify, apple and a part of the valley for Valerie
• 1:13:17
  economy on Fountain. Again, I know my boy.
• 1:13:21
  Copernicus is yelling at me consistently because I don't
• 1:13:23
  read the messages anymore, but look at the time.
• 1:13:26
  We're at over, we're over an hour.
• 1:13:28
  Now is too long. Anyways, we love you guys.
• 1:13:31
  We'll see you tomorrow. Have a good rest of your day.
• 1:13:35
  Until next time it is. Your boy often.
• 1:13:37
  I'm logging off. Peace out.