Latest / Simply Bitcoin / Why Bitcoin is NOT an Option it's Survival | EP 808

Transcript

Why Bitcoin is NOT an Option it's Survival | EP 808 · Simply Bitcoin

0:07
It's all going to zero against Bitcoin.
0:11
It's going. Up forever more.
0:26
Yeah. Welcome to Simply Bitcoin Live,
0:28
our number one source for the peaceful Bitcoin revolutionary
0:31
code breaking news culture, medic warfare.
0:32
We will be your guide through the separation of money in
0:36
states. Today we're going to talk about
0:38
a interesting topic, a topic that holds near and dear to my
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heart. Bitcoin is just it's not just an
0:47
investment. It is not just a, you know, this
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speculative asset. We have that famous saying in
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Bitcoin, right? You came for the money, you stay
0:57
for the revolution. But if you are in the lower
1:01
middle classes, if you were in the lower and the younger
1:04
generations, specifically the zoomer generation, the
1:08
millennial generation, your time has been stolen from you via
1:12
inflation, via the system itself.
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And today I'm going to make the case as to why not only do you
1:19
need Bitcoin to survive, but you need Bitcoin to thrive.
1:24
In yesterday's episode, we covered how the the lowest, the
1:29
amount of money that millennials and Jens Ears need to retire
1:33
comfortable retirement moved from that magic number of
1:36
$1,000,000 and it moved up to three to $5,000,000.
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And that will continue to happen under the Fiat system.
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In 10 years, I'm sure those numbers will be even higher what
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is required to retire. And obviously, right, if you
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live in a system where the purchasing power of the money
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that you're earning and saving in is literally designed to lose
2:00
value, of course that's going to happen.
2:03
But if you live in an opposite system, if you adopt A Bitcoin
2:07
standard, something that OPTI and I have adopted, something
2:10
that the country of El Salvador adopted, something that Michael
2:13
Saylor has adopted, look at all the wonders it has done.
2:18
Michael Saylor's micro strategy has outperformed every S&P 500.
2:23
The average S&P 500 is outperformed a lot of the tech
2:26
stocks. It's even outperformed Bitcoin
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in Nine Bukela's case. In El Salvador's case, his bond
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is the best performing bond of all of Central and South
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America, right? Do you think that's a
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coincidence? The country that adopted a
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Bitcoin standard is performing as well as it is.
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It's almost as if, you know the government is acting on aligned
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incentives. And I could speak what Bitcoin
2:48
has done for me personally, adopting a Bitcoin standard
2:52
about roughly 7 to 8 years ago. It's gonna be 8 year very, very
2:55
in my 8th year, very, very soon. I could tell you what it has
2:58
done for me personally, right? It completely changes the
3:02
playing field. All of a sudden you have the
3:05
hope, you have the ability to plan for a better future.
3:10
So we're going to dive into that today.
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And what is the alternative? The alternative is a national
3:16
currency, a political currency, a currency that is designed to
3:21
steal from you, right. And and anytime this is
3:24
confronted, what I've noticed is that they just completely ignore
3:27
it. And I think that the reason that
3:29
they ignored in the 1st place is because they don't have a good
3:32
answer to that, right. I've I've referenced this paper
3:36
that was written by the US Treasury which was a response by
3:39
the by an executive order issued by the Biden administration and
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the name of the paper was called The Future of Money and
3:47
Payments. And in that paper in the eyes of
3:50
the current administration Future of money or payments are
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stable coins, payment platforms, central bank, digital
3:56
currencies. And it also made the case as to
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why saw by why you need a government to issue a money.
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But what was not issued in that paper was not mentioned in that
4:07
paper, better said was Bitcoin. And then you have to start
4:10
thinking about it like Bitcoin is this insane innovation, It's
4:14
been made the legal tender of a country.
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But why can't they admit that the future of like Bitcoin could
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potentially be, you know, the future of money and payments?
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Because if they admitted that, they would also have to admit
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that a currency can exist without inflation.
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And that is like opening Pandora's box.
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That is how you get people asking very, very tough
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questions, right? That is how you shift the
4:39
Overton window from this radical concept of inflation has to
4:44
exist. It's like a it's it's it's it's
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a, you know, law of nature and you slowly start shifting that
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Overton window. And again, that's not just the
4:53
theory. This is happening in real time
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in Argentina, where the Libertarian candidate won the
5:01
presidential primary. Right.
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And he has a very good shot at becoming president.
5:06
And he's saying exactly what us bitcoiners have been saying for
5:10
quite a while now. Inflation is theft.
5:13
Inflation is a hidden tax that not not that many people.
5:18
Not that. Not only are people not aware of
5:21
it, people, people, they didn't sign up for it, right.
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It's like we already have income tax.
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We already have to pay income tax.
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That's a whole other thing that I don't want to get into.
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But we have all have to pay this hidden tax of inflation so that
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the governments could you know print money and pay for these
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crazy things whatever, whatever is off the top of their mind.
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You know, I, I I saw it the other day that the current
5:45
administration again we're not political and simply Bitcoin,
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whether it's a Republican or Democrat in office that either
5:51
or they do the same thing. They print money and the devalue
5:54
everyone else's money. But what I saw was that there
5:57
was this recent catastrophe in Maui in Hawaii and they agreed
6:02
to send over a $7,000,000, but they also agreed to send 24
6:07
billion to Ukraine to fight a war that all of that would not
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be possible, this misallocation of capital, if it wasn't for the
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money printer. The money printer is the issue.
6:20
It's not enough to end the Fed, right?
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Because when you hear those topics like end the Fed, replace
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it with the gold standard and the Fed period, just don't
6:29
replace it or anything, replace it with Bitcoin, right?
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Monetary policy that is set in stone, that can't be changed by
6:37
anyone, rules without rulers. Anyways, it's going to be a
6:40
great show. Really excited.
6:41
I want to bring up my legendary cohost, Always optimistic Opti,
6:45
What are we going to talk about during the culture?
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Today, well before you. Is it just mad?
6:48
It's actually, I think, well, well, it's just us until we're
6:53
in Austin at Bitblock Boom. I'm sure we will corral some
6:56
friends to give you guys some some extra sauce on the show.
7:00
And we were. That's why everyone's yelling at
7:02
us in the chat. You guys relate to your own
7:03
party. We were brainstorming.
7:05
We're trying to figure out how to get you guys the best content
7:07
by the end of the week. But hold on before I get into
7:09
what we're doing in the culture. I can tell that you really are
7:13
passionate about this one, Nico. I can tell by the very
7:18
illustrious monologue on today's show that this is going to be a
7:21
good one. And and I'm actually doing
7:23
something similar on the culture today.
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Again, I just mentioned we're going to be a bit block.
7:27
Boom. This.
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Week and it really made me think about like why do you go to
7:34
these conferences and most people go not only just to meet
7:38
bitcoiners but to work in Bitcoin.
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So I'm gonna do like an entrepreneur work in Bitcoin
7:43
thing, kind of a little recap, maybe a little story time on how
7:46
we got here and what we are doing.
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And hopefully just give people some advice, give them some
7:51
value and inspire them to also figure out ways that they can
7:54
contribute, that they can get paid doing what they love.
7:57
So this is the goal for everything we do here at Simply
8:00
Bitcoin is to save in Bitcoin, live a good life, and continue
8:04
to prosper. And and it's on the same vein.
8:05
It's just that it's a little more less esoteric and more just
8:09
practical, pragmatic advice on doing.
8:13
And building businesses and Bitcoin moving forward.
8:15
So I know I'm excited for this one.
8:16
I've been thinking about this one for the last couple of days.
8:19
I was gonna wait till tomorrow, but I think it might fit better
8:22
today. So I don't know.
8:24
It might even turn into an article.
8:26
I'm still working through it. But I think you guys are like
8:28
this one. Awesome.
8:29
Awesome. Also, I want to mention guys, we
8:31
do have your back if you're still trying to.
8:34
If you're interested in going to bit block boom and you want a
8:37
discount on your tickets, you can use promo code ALL CAPS.
8:40
Simply Bitcoin and they'll get you a nice discount to Bit Block
8:43
Boom. Hope to see a lot of you guys
8:45
there. And for anyone who doesn't know,
8:47
Bit Block Boom was the first time Opti and I met each other.
8:51
I wasn't gonna flash up in person and this was absolutely
8:56
crazy. This would only happen in
8:57
Bitcoin land. We actually decided to get a
8:59
room together to save some money.
9:01
How's it gonna bring that up too?
9:02
We'll talk about later. We'll talk about later.
9:04
So yeah, man, it's a I love these conferences.
9:07
Go, it's good. Look, it's fine.
9:10
Talking across the interwebs, I get it.
9:12
You know, we're all like kind of plugged into this Bitcoin
9:14
matrix. I get it.
9:16
But you know, these in person events are very very very
9:19
special. The only thing though, that I
9:21
would say, cuz I ran into this issue the other day, is that I
9:25
wish people just wore like a little lanyard with their
9:31
Bitcoin, sorry with their twitterx.com avatar on it.
9:35
So that could actually recognize people because what tends to
9:38
happen a lot of the time, people come up to me and they're like,
9:40
yo Nico yo opti and I'm like, dude, I don't know, like, hey,
9:44
what's up man? Like, how are you?
9:45
And they're like, where's? Your profile pic, I'm in this,
9:48
I'm this person from the Internet.
9:49
I'm like, oh, what's up man? I've knew you.
9:52
I've knew you this entire time. So that's really interesting.
9:56
That's the only recommendation that I would say print out your
9:59
profile pic posts. Docs yourself, don't docs
10:03
yourself. OK, All right, then I guess it's
10:04
just gonna keep, I don't know, just.
10:06
Surprise us, just surprise us. But wait, don't get mad when
10:09
we're like, wait, who are you Sorry about you.
10:11
I need your profile picture. That's why I said it, cuz I
10:14
always feel so bad, you know? And then and then when they tell
10:17
me I'm like, oh what's up man? Who are you?
10:19
Does everything anyways? Anyways, it's gonna be a great.
10:22
Show We're getting roast in the chat and you go, we'll talk
10:24
about later. Did you get in the show?
10:25
Get in the show. All right, let's do it.
10:27
Let's jump straight into the numbers, the Bitcoin numbers.
10:33
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Is your seed phrase really secure?
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you need to hammer your seed words into commercial grade
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Bitcoin with Peace of Mind for the long haul.
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Stamp your seed on stamp seed. All right guys, I also wanna
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Don't store it on paper, because if not, that's going to be a
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11:54
your generational wealth because you didn't put it on titanium
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anyways, at the time of recording, the Bitcoin price is
12:01
25. No going back.
12:03
There we go, 25,850 sats per dollar 3868 block height
12:09
800-4800 and 4380 blocks to having 35,620 having estimate
12:16
April 20th, 2024 Total Lightning Network capacity 4656 Bitcoin
12:22
capacity value 120 million U.S. dollars.
12:25
Realize monetary inflation 1.76% The market capitalization of
12:30
Bitcoin $503 billion with a B Bitcoin versus gold market cap
12:35
3.96% Oh, it's under 4%. Well, overtime that continue,
12:41
that number will continue to go up and the realized monetary
12:43
inflation will continue to go down, continuing to embarrass
12:48
Fiat currencies. Did you guys see that article by
12:51
the way where they were normalizing and this came from
12:53
either the Wall Street Journal, the New York Times and they're
12:55
like it's time to normalize a higher inflation at a higher
12:59
inflation target then this magical 2%, let's make it 3%,
13:03
let's make it 4%. Three or 4% theft, you know,
13:06
Yeah, 3, three to four. Like it's so freaking crazy.
13:09
We live in this world. We're gonna be looking back 50
13:12
years from now. People are gonna be reading
13:14
about this in the history books, or if there even is history
13:16
books at that point, like 100 or 200 or 300 years from now, and
13:20
they'll be like these people were fucking nuts.
13:22
These people were crazy. They actually thought that like
13:25
money stealing from you, that inflation was necessary for
13:28
money to work. That's an absolute shit show.
13:31
Anyways, we were talking about breaking of the Overton window
13:36
and Natalie Brunel, one of the most talented content creators
13:39
in the space. I would say podcasters, one of
13:43
the most talented podcasters in the space, said she she does an
13:48
incredible job. This is this is what she was
13:50
trained for. Breaking the Overton window on
13:54
the legacy corporate media. Now we know that the that the
13:59
legitimacy and also the reach of the legacy corporate media is
14:03
diminishing by the day as people continue to seek alternative
14:07
media sources like on the Internet.
14:09
Their favorite content creators are their favorite independent
14:12
content creators. Platforms like Twitter,
14:14
platforms like Noster, platform like rumble platforms like
14:17
YouTube, shout out to our Rumble audience, by the way, continues
14:19
to grow. Shout out to all, all of you
14:21
guys if you guys can't find us on YouTube for whatever reason.
14:25
The show still streams Monday through Friday 12:15 PM Eastern
14:29
Standard Time, and you could find us on Rubble and on Twitter
14:32
in case you can't find us on YouTube for whatever reason.
14:35
Anyways, so this clip was speaking about Argentina,
14:42
Argentina's Javier Mali primary win, and and Natalie saying the
14:49
quiet part out loud on legacy corporate media.
14:52
Basically saying our money is broken.
14:54
Now the entire clips about four minutes long.
14:56
I don't know if we're going to play the entire thing, but let's
14:58
check it out. And again you have to zoom out.
15:00
We are your number one source of peaceful revolution.
15:03
What you're watching right now is these concepts of broken
15:07
money introduced into the mainstream consciousness,
15:12
therefore moving the over Overton window, moving those
15:15
sayings and those and those talking points from radical to
15:20
accepted, eventually too popular and then inevitably to policy,
15:25
right. So anyways, let's play out this,
15:27
let's play this clip, and then we'll talk about it.
15:29
How do you pronounce it, Malay? When's the presidential primary?
15:33
This is the Bitcoin candidate. That's right.
15:35
And you know, imagine if you're a parent in Argentina and you go
15:39
to sleep at night and you wake up and your currency has been
15:41
devalued by almost 20%, which is the reality there.
15:44
Inflation is over 100% year over year.
15:47
The peso to the dollar, it's gone down 92%.
15:51
So people are really struggling and and I think that they
15:54
resonate with the message that Javier Malay is saying, which is
15:57
that, you know what, inflation is theft.
15:59
He's saying the quiet part out loud and he's really advocating
16:02
for the working class to be able to take back some of that
16:05
economic power because they're losing it.
16:07
You know what I love about it too.
16:08
And it's like El Salvador, they're also saying to the IMF
16:11
and the World Bank. And those kind of folks say, you
16:13
know what you got with, you know, you got us in A twist.
16:16
You know you twist this in a knot.
16:17
We take these loans that are prohibitively expensive.
16:20
You know, you tell the rest of these currencies and then you
16:23
control them from afar. And we never have control of our
16:26
faith. That's why Argentina, they have
16:28
a currency crisis every other year, right?
16:30
So, like, you hear that right now.
16:32
That's not Natalie. We know Natalie's a Bitcoin or
16:34
through and through. But that is the Fox anchor
16:37
himself talking about the IMF, talking about the World Bank.
16:42
This is you're witnessing the Bitcoin echo chamber being
16:46
broken in real time. This is what moves the needle.
16:51
See why David won? You know an alternative.
16:53
I don't want an alternative. Well, you know they wake up any
16:56
given day. You could be down 20% of your on
16:58
the peso there. Right.
16:59
Bitcoin is a risk off asset in places like Argentina and
17:03
Lebanon where the currency is failing in real time and Bitcoin
17:07
has been a life raft. And it's failing a slow motion
17:09
here, all right, Speaking of politics, is there presidential
17:12
candidate that stands out with respect to Bitcoin?
17:15
You know, I think it's worth pausing and noting the fact that
17:18
for the first time in history, there are 4 presidential
17:21
candidates that have named a digital asset Bitcoin, and they
17:25
are advocating for people's freedom to hold it and transact
17:28
in it. This has never happened before.
17:29
And now I don't like to put politicians on the pedestal, but
17:32
that's never happened before in history that we have 4
17:34
presidents. They're going.
17:35
To tell us who they are. Presidential candidates naming
17:38
so absolutely crazy. Quebec, Suarez, RFK Junior and
17:43
De Santis all saying Bitcoin for freedom.
17:45
You got less than a minute to go.
17:46
I want to ask you about this Gallup poll.
17:48
This comes out a lot. I always find it intriguing what
17:50
Americans view as a great best long term investment.
17:53
Now, traditionally, how? All right, so you guys get the
17:57
point. This is breaking the Bitcoin
18:00
echo chamber. The Fox host is is on to it.
18:04
Remember, this isn't just this phenomenon only isn't just
18:07
happening with Fox. It was happening on CNNBC, where
18:11
the CNNBC anchors were defending Bitcoin in a way, right?
18:15
Again, coincidentally, this happened only after the
18:17
BlackRock ETF was announced. But still, it's still happening.
18:21
It's still moving in the right direction.
18:22
This is crazy. I can't.
18:24
You know if you would have told me about this five years ago,
18:27
I've. I've been here quite a bit of a
18:30
bit of time. So it's Opti.
18:33
You know we we would have laughed you out of the room and
18:34
said that that is, that is impossible.
18:36
This is crazy. So I can't even imagine where
18:38
bitcoins going to be 5 years from now.
18:40
What countries are up next to make Bitcoin legal tender?
18:44
Is Argentina going to make Bitcoin legal tender?
18:47
We we know we have an Austrian economist that could pretend has
18:50
a very high probability of winning the presidency, getting
18:53
rid of the central bank, and he's already advocating for
18:56
Bitcoin, so who knows? I don't know.
18:59
It's never been such an exciting time with the BlackRock stuff,
19:02
with the Michael Saylor stuff, with the El Salvador stuff, with
19:05
the Argentina stuff. Bitcoin stays winning number go
19:09
up technologies keeps doing its thing.
19:11
The hash rate continues to go parabolic.
19:14
The network has never been as secure as it is today, man.
19:18
Bitcoin stays winning. Maybe it's a good idea to get
19:22
some, just in case it catches on.
19:23
Opti, what's your take on this bro?
19:26
Well, first and foremost, like shouts out to the Fox anchor
19:29
that pure signal. And I think it goes to show that
19:33
the Bitcoin signal is obviously spreading outside of Bitcoin
19:37
Twitter. I think we are in the very
19:40
beginnings of the Bitcoin echo chamber actually breaking and
19:43
and yes, of course most of the conversation is on Bitcoin
19:46
Twitter amongst all of us bitcoiners, but I think most
19:49
people in the world has at the very least heard about Bitcoin.
19:52
They may, they may not have had their multiple touches in
19:55
regards to Bitcoin. So obviously a lot of people
19:58
aren't fully bitcoined yet. Like, they're not bitcoiners and
20:01
not on the Bitcoin standard yet, but as you can see on the Fox
20:05
anchor himself. How many Bitcoiners have been on
20:08
Fox News in the last year? And obviously the more he's
20:12
talked to these people whether it was like the Kaisers or the
20:16
Boucatlas or the Nap Brunels of the world you can see that they
20:21
are coming around to the idea of Bitcoin and and it's really
20:24
about having these conversations and and emphasizing doing them
20:28
tactfully so you're not just screeching autistically at
20:31
people and and trying to force them into your beliefs and and
20:34
just incepting these ideas to people.
20:36
And as more and more news comes out more and more receipts and
20:40
more and more data points comes out people start to wake up to
20:43
the idea of Bitcoin and and of course like what I I I'm
20:48
forgetting this guy's names but the Fox anchor what do you say
20:50
like that's what I love about El Salvador and Argentina telling
20:53
the I MF to go fuck themselves. Well, obviously El Salvador not
20:56
so much Argentina yet. But like have we not been saying
21:01
this for a while and and of course maybe maybe we still
21:05
inherently are giving the corporate press more weight than
21:09
they deserve. Because you know, we, we know at
21:11
least here at simply Bitcoin, Nico and I, that independent
21:14
content creators are the really are the real ones that are
21:17
spreading the signal. They just still have the suits.
21:19
They still have the corporate structure that makes them seem a
21:22
little more legitimate than. They're writing on coattails,
21:25
dude. Yeah, yeah, I agree.
21:26
I agree. But but it's still it's funny
21:28
how you know our friends that are also Youtubers whether
21:32
they're in Bitcoin or not, talk about the same thing and it's
21:35
like, yeah, yeah, you know we're it's just we're average people
21:38
talking about it. But when you have someone on the
21:39
on the TV, remember it's like our parents it's like well it
21:42
said it on the television. It must be true.
21:44
Like this is even us. We're still kind of falling for
21:47
it like low key. But he did say another meme that
21:50
I really enjoyed Fiat failing and slow motion.
21:53
Do we not say this all the time? And that's why most people are
21:57
just completely oblivious to what is going on in the world
21:59
because it happened so slowly and the dollar is, you know the
22:03
most stable Fiat currency in the world.
22:05
And and what you start this with the that story about them trying
22:09
to move the Overton window on inflation, it's like, hey, look,
22:13
we are going to try to normalize stealing from you 4%, maybe 3%.
22:17
What's one more percent like what's that matter to you?
22:19
But I think just doubling down on this idea, I've been saying
22:22
this all year, Bitcoin has very obviously crossed the mainstream
22:27
Rubicon. We are still in that beginning
22:30
phase where us bitcoiners aren't taken as legitimate.
22:34
We're not taken seriously yet, but it's OK like as long as
22:38
they're talking about the same points that we are, as long as
22:40
that message is is being talked about, spread as long as these
22:43
questions are being asked, that is the first step.
22:46
It's not so much about forcing behavior in one fell swoop.
22:50
It's about inching them closer and closer to what we know to be
22:53
the truth. And Nico and I were joking about
22:56
this in the beginning. This might be a little tangent,
22:57
but no one knows what the hell they're doing out there.
23:00
Everyone is pretending, and I believe that bitcoiners have the
23:04
truth. Like we we know how reality is
23:07
working, we know how money works, and more and more people
23:10
are going to slowly but surely move towards Bitcoin being the
23:15
best economic vehicle in the world.
23:17
And what do people want to do? They want to live a good life,
23:19
and Bitcoin will allow that. So hey bitcoiners, stay winning.
23:22
The Bitcoin message is going global.
23:25
It's because it's it is a global phenomenon and it's only a
23:28
matter of time until everyone can't talk about, like can't
23:30
stop talking about Bitcoin. So here we are.
23:33
We're at the end of a bear market, maybe the beginning of a
23:36
bull market, and the Bitcoin signal is everywhere.
23:41
It's global, it's on every corner.
23:43
It's on every mainstream media at this point, whether negative
23:46
or positive. And actually one more, one more
23:48
Randy go. Remember in the past, like when
23:51
we first got into Bitcoin, the only time you ever heard about
23:54
Bitcoin on corporate press, it was negative.
23:57
And at least now it's negative. Yeah, some people are negative
24:00
and some people are positive. Corner.
24:02
No, no. But the guy was like literally,
24:04
like, yeah, the IMF wasn't like, what are they doing?
24:08
Like, I don't think they're doing some good stuff.
24:10
Like the fact that that is talked about on legacy corporate
24:13
media, which is bought and paid for, I might add, right?
24:16
Like they have special interests.
24:18
This is why independent media is so, is so powerful, because it's
24:21
like. You know, it's it is why Joe
24:23
Rogan has the ability to, not as much as he used to, but he has
24:27
the ability to talk about subject matter that wouldn't be
24:31
appropriate for the legacy institutions to talk about
24:35
because they don't have masters, right.
24:38
And as more and more people, you know, start their own platform,
24:41
like they start a YouTube channel, they start a rumble
24:43
channel, they start a Twitter channel, right.
24:45
The truth is starting to get out and they can't plug the holes
24:50
fast enough. That's why I see governments
24:52
reacting in a way where it's like they're trying to label
24:55
things that don't come from the coopted media sources as quote,
25:01
UN quote misinformation. That news coming out from Europe
25:04
is absolutely bonkers, dude, where like opt you, why don't
25:09
you keep going while I put it up?
25:10
Because I have to bring this up. Wait, what?
25:13
What? I don't know exactly what news
25:15
you're talking about. Dude, the Twitter news where
25:18
basically Twitter is being forced by the EU.
25:20
Yeah, Okay. Okay.
25:22
Yeah, yeah. Well, all right, all right.
25:24
Let's just go back, though, to that topic.
25:27
When I got into Bitcoin 2017, the end of 2017, the only thing
25:33
you'd ever hear about Bitcoin and corporate press was
25:35
absolutely negative. And here we are what 5-6 years
25:39
later now and you're starting to get at least favorable coverage
25:43
in regards to Bitcoin and and I think I think it's kind of goes
25:47
to frogs boiling and water meme we're we're just so close to it
25:51
we're so obsessed with Bitcoin and we're constantly talking
25:53
about Bitcoin that we don't see that we have inch the Overton
25:57
window to the Bitcoin signal. But anyways, Nico, you got this
26:01
up here. What's up?
26:02
Yeah. So, you know, and I was talking
26:04
about this idea where, you know, the the ability for the nation
26:08
state, the ability for governments, these powerful
26:10
institutions to control the narrative is diminishing.
26:13
I call this the great disintermediation.
26:16
It started with the Internet, and then Bitcoin came with the
26:20
drum of gasoline and put fire on it.
26:22
And the fire is the fire of freedom.
26:24
And you know, these are, these are mechanisms of control that
26:28
they've had for decades and decades and decades.
26:31
I really saw a very powerful tweet from Jack Posobic and I
26:34
mentioned it at the Bitcoin 2022 conference on stage and I said
26:38
and the tweet is. If social media existed back in
26:42
2003, we wouldn't have gone to war with Iraq.
26:46
But remember, at you know, the people are seeing it.
26:49
Tucker has said it in a podcast, right?
26:52
People trusted the New York Times, People trusted the Wall
26:55
Street Journal, People trusted CNN.
26:58
Like, if you would have told me 10 years ago, I would have said
27:00
yes, CNN is is the real deal. But now that the Internet is is
27:05
is propagating and it's given the ability for millions upon
27:08
millions of individuals. To directly communicate with
27:12
each other, you have these institutions freaking the F out
27:16
because they can no longer control the narrative the way
27:20
that they were, that the way that they've been able to do for
27:23
a long period of time now, and now, most importantly, not only
27:27
witnessing the disintermediation of information, but we're also
27:30
witnessing the disintermediation of money.
27:33
It's happening at the same time, and it's it's causing chaos.
27:36
And they're reacting very similarly to the
27:39
disintermediation. Of money.
27:40
They're saying that's not money. We're the only ones that get to
27:43
decide what money is. Have you noticed that it sounds
27:46
very similar to what happens when you get information from a
27:50
non approved source, right? It's just very interesting how
27:53
this is all playing out. But anyways, here's this tweet
27:56
from what Ratsani. I'm assuming he's an
27:58
independent, you know, journalist.
28:00
He has a he has 32,000,000 views on YouTube and he goes on to say
28:04
from from 25th August 2023 Twitter.
28:08
Also known asx.com to add button to report user to the EU when
28:12
new decree against freedom of speech comes into force.
28:15
EU to outlaw forms of political dissent, right?
28:20
This is what it's all about, man.
28:21
This is why platforms like Gnoster are so important.
28:24
And remember, why are we talking about this on a Bitcoin show?
28:27
Well, if you think, if you think that they're going to be okay
28:32
with you not saying certain things right, whatever your
28:36
political belief is and they're going to be okay with you
28:39
getting to choose what money you use.
28:42
And the money that you use allows you to communicate and
28:45
send money freely to anyone around the world without even
28:48
knowing their identity. You're joking yourself, right?
28:52
The fight for free speech is the the first line for the fight for
28:56
Bitcoin. You can't have one and not the
28:59
other. Freedom of speech is Bitcoin,
29:01
Bitcoin is Money is a form of speech and I don't want that to
29:05
get lost on people. Anyways, that was just a thought
29:07
that popped into my head. Well, well, just doubling down,
29:09
you know, Bitcoin is literally code.
29:11
Bitcoin is literally speech, guys.
29:13
So like, you don't need to. You like abstract this too much.
29:17
Bitcoin is literally code. It's literally words.
29:19
It's ones and zeros. It's speech.
29:21
This is a freedom of speech thing.
29:23
And like Nico says, if they are trying to outlaw speech, what
29:27
makes you think they're going to let you try to transact freely
29:29
on the Internet like it? It's one in the same fight.
29:32
Like literally. 100% Anyways, shout out to Latrice.
29:37
I'm going to Bitcoin 2024 nationally next year.
29:41
Would love to meet Nico, Opti and everyone else.
29:44
Absolutely would love to meet you in person guys.
29:46
You can use promo code simply for the Bitcoin 2024 conference.
29:51
Speaking of the Bitcoin 2024 conference.
29:55
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It's going to be the biggest Bitcoin conference of the year.
30:00
You definitely don't want to miss it.
30:01
It's going to be in Nashville, TN, July 25th through the 27th.
30:05
It's not going to be in Miami. It's going to be in Nashville.
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30:34
All right guys, let's jump straight into the news.
30:36
We got a lot to cover today. Let's check it out.
30:38
About the Daily News All right guys, I want to tell you about
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answer your skeptical no coiners friends objections?
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Or maybe you answered it perfectly, but they just didn't
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you with an arsenal of simple illustrations to help you
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Take you directly to Amazon. So you can get your copy of
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Bitcoin Evangelism. Anyways, guys, let's jump
31:41
straight into news. I'm going to start it off with
31:43
this video. Actually, I'm going to be
31:45
covering stuff from Marty Bett today, mostly because I think
31:50
he's done an incredible job covering this.
31:54
And yeah, shout out Marty, Amazing content creator, huge
31:57
fan, TFTC. So anyways.
32:01
This check that's out. So he says the sentiment will
32:04
accelerate. Moving forward, people are going
32:06
to get angrier. They should be.
32:08
The conversation about inflation needs to shift away from
32:11
politicians and the rich. Toward Fiat money controlled by
32:15
central banks to affect any real change.
32:19
This is why Natalie Burnell going on Fox News is so
32:23
important and moving the Overton window.
32:25
This is why Javier Mali potentially winning the
32:29
presidency of Argentina is so important.
32:32
This is why Naim Bukele making Bitcoin legal tender in El
32:37
Salvador is so important. This is why Michael Saylor
32:41
choosing to use Bitcoin as an alternative.
32:43
It's holding Fiat on their balance sheet is so important.
32:47
All of those things. The combined effort moves the
32:50
Overton window and starts to get people to ask the real question.
32:55
What is that real question? What is money?
32:59
What is money? Why?
33:02
Why am I being forced through legal tender laws to use the
33:05
money that steals from me? They do not have an answer to
33:10
that question. Full stop.
33:12
They do not have an answer to it.
33:14
Their answer, their only answer, they're going to try to
33:17
obfuscate it. They're going to say if, if it's
33:19
not a money controlled by the government, it's if it's not a
33:22
money issued by the government, they're going to say, oh,
33:25
terrorism, money laundering, financial instability.
33:28
Well, you know what? The I MF said that El Salvador
33:31
was going to have financial instability when they adopted
33:34
Bitcoin as legal tender. And then the I MF gave Argentina
33:38
a bailout that with the clause that made the Argentine
33:41
government deincentivize the adoption of Bitcoin.
33:45
And what happened one year later?
33:47
The exact opposite of the I M F's advice was the good advice.
33:54
So I don't think the I MF has the best interest of these
33:58
countries at heart. And what was so important about
34:01
that interview with Natalie Burnell on legacy corporate
34:03
media was that it wasn't just Natalie acclaiming that it was
34:07
the anchor himself. That is starting to realize that
34:10
as well. We must break the Bitcoin echo
34:12
chamber. People need to understand that
34:15
it is not left verse right. It is not Democrat verse
34:18
Republican. Which is why we keep politics
34:20
out of this fucking show. It is the party of Green, the
34:24
party of central bank digital currencies, the party of
34:27
poverty, the party the party of nihilism versus the party of
34:30
Orange, the party of freedom, prosperity, peace, and Bitcoin
34:35
that is the battle at hand. It's a metaphorical battle.
34:37
This is a peaceful revolution after all.
34:39
So anyways, I'm going to play you guys a clip.
34:42
And it's people asking. It's very sad.
34:44
It's people asking very basic questions, like I can't afford
34:48
anything. And we're gonna dive into that.
34:49
We have the data. We have the data from you.
34:51
Every time they print money, they are stealing from your
34:56
future. And if you're in the younger
34:57
generations, if you're just trying to get started, you're
35:00
just trying to buy a house. It makes it incredibly
35:03
difficult. This isn't your fault and it's
35:06
not the economic that model that's broken.
35:08
It's not capitalism. It's the fact that the base
35:11
layer of society is fundamentally corrupted and it's
35:14
fundamentally broken. And Bitcoin literally fixes
35:17
this. Anyways, let's check out the
35:19
video. Question How are we like
35:23
affording life right now? It's to a point where people
35:43
can't live. This amounted to $100.
35:47
Like, this isn't even, this isn't even barely anything to
35:51
feed me for a couple days. You're not budgeting your money.
35:54
Oh, you're not doing this. Oh, you're buying coffee.
35:56
And it's like, no, I'm literally not doing any of those things.
36:00
I live paycheck to paycheck every week because I'm trying to
36:03
pay every bill that the world is throwing at me right now.
36:07
And the government's response to that is, oh, hey, everybody.
36:10
Alien. Are real.
36:11
We don't give a fuck about aliens.
36:13
We're trying to afford a roof over our head.
36:16
I refuse to continue living my entire life like this.
36:18
I'm not going to struggle my entire life.
36:21
I'm just really tired of like. Not.
36:25
Prices on everything are up from food, gas, rent.
36:29
Instead of 60 bucks to fill up your gas tank, it's 140.
36:32
Instead of $0.99 for eggs, it's fucking $3.
36:36
Rents going from three grand to five grand.
36:39
All that shit adds up and. Wages aren't going up fast
36:43
enough. Wages have gone nowhere.
36:44
So what did most of us have to do?
36:46
Myself included, with the extra $400.00 a month I was spending
36:49
on gas, I had to use my credit cards.
36:52
Even with three jobs now, I'm not even going to make a dent on
36:55
those credit card bills. I seriously want to know what
36:57
the end game is, because soon we're not going to have any
36:59
money for anything anymore. So why the fuck are we working
37:02
so hard to make money for other fucking people to use and steal
37:06
our income just for us to never see it?
37:12
I don't know what you're doing. I don't just don't understand.
37:18
At one point I thought I had some sort of a purpose.
37:22
I'm working just to basically pay bills just to survive.
37:30
Why can't we this phenomenon is happening.
37:33
On a countrywide level, people are waking up.
37:36
People are realizing that the system is fucking broken to the
37:40
point that we just had this video when we when I first
37:44
initially ran into this video, it had 3.9 million views.
37:49
The video has 32,000,000 views. It's gone absolutely viral and
37:54
the video is called Richmond, north of Richmond.
37:57
We've played you the video and it hits on all the chords and
38:01
all the reasons. But again, it's blaming the
38:06
politicians, it's blaming the elites in DC and yes, the elites
38:10
in DC, they're benefiting from the Fiat money printer
38:15
absolutely, 100%. They're definitely enriching
38:17
themselves. But it's the architecture of the
38:21
of the system that is broken. And Marty said it very
38:25
elegantly. He said the conversation around
38:27
inflation needs to shift away from politicians and the rich
38:30
and towards Fiat money. Controlled by central banks to
38:34
affect any real change. That's where the conversation
38:37
needs to happen. And she said that wages aren't
38:39
going fast enough. Was it a coincidence that wages
38:43
have remained relatively stagnant ever since Richard
38:46
Nixon took us off a gold standard?
38:48
Took us off the gold standard in 1971.
38:51
Productivity, meaning the amount of work that people have gone
38:55
on. The the fact that people need to
38:59
work two jobs to maintain the household.
39:02
One partner can't stay at home, whether that's the man or the
39:04
woman. It's irrelevant to take care of
39:06
the children. No, both parents now need to
39:09
work. Wages have stayed the same, but
39:14
productivity mean the amount of work has continued to go
39:18
parabolic. This is Fiat money.
39:22
This is the peaceful Bitcoin revolution.
39:25
This is serious. This is the real deal.
39:30
They are stealing from our future and when you confront
39:34
them about it, they fucking gaslight.
39:37
You remember how they responded to that song Richmond north of
39:42
Richmond and all those people in that TikTok video and that song
39:47
that that that Oliver wrote. They're they're identifying the
39:52
problem, but they're not quite where of the solution yet.
39:57
We have that solution. That solution is Bitcoin.
40:00
Bitcoin truly does fix this, and I'll get to that in a second.
40:06
Anyways, 60% of Americans are living paycheck to paycheck.
40:15
That's not right. It's not right.
40:18
And if you're a millennial, right.
40:20
If you are Gen. Zer and you're looking to get
40:25
your first home. Just to get your first home, the
40:30
prices of real estate have doubled in the last two years
40:33
alone. And why did that happen?
40:36
Well, let's take a look. Here is 2020.
40:40
Here is the medium house price. In the US it went from 322,000
40:47
to 479,000. If you live in a big city, if
40:51
they've doubled housing prices, now coincidentally, you know
40:57
what also happened around the same time they turned on the
41:00
money printers every time they print money to wealth
41:05
redistribution mechanism from the lower and middle classes
41:08
that don't have the means to save an assets Back to the
41:11
government and back and and to the to the wealthy that do have
41:18
the means to save an assets. But it's not the wealthy's
41:20
fault. They're they're just trying to
41:24
maintain their purchasing power. You would do the same thing if
41:26
you were in their shoes. And you know what they're doing
41:30
with all this fucking money printing?
41:33
They're sending billions of dollars to fight a fucking war
41:38
in Ukraine that could potentially lead to nuclear
41:42
Armageddon. Separate money from state, full
41:46
stop. Period.
41:49
No one deserves the power of being able to create money for
41:54
free that another human being has to work for.
41:58
That's it. That's all we're advocating for.
42:01
If you want to make more Bitcoin, get in line like
42:04
everybody else, Invest in the mining infrastructure, earn it,
42:12
work for it, pay for it. But no, there shouldn't be a
42:17
bureaucratic elite that have the ability to print money that the
42:21
rest of us have to work for. And there are consequences to
42:25
that. But Bitcoin is the solution.
42:27
But before I get to that, Marty wrote this amazing article
42:31
called The Ethics of Money Production.
42:34
It goes on to say over the weekend someone resurfaced a
42:37
tweet I sent in April 2020 warning about the ill effects
42:40
that would follow the unprecedented explosion of the
42:44
Federal Reserve's monetary base in the wake of the COVID
42:47
economic lockdowns. The warning came with a snippet
42:51
from George Guido, The Ethics of Money Production, which
42:55
perfectly and succintedly explains how unfendered,
42:59
unfettered money printing leads to a misallocation of capital
43:03
and resources that leads to terrible real world
43:06
consequences. Now remember those videos that
43:09
I've played for you? Remember Richmond, north of
43:14
Richmond? Why did that video go viral?
43:17
Because people resonate with it. People are going through the
43:21
pain. Why did you see?
43:23
Why do you think all of those people that were making tik
43:25
toks, you heard the pain in their voices?
43:31
Mainly, that humanity is prevented from reaching its full
43:34
potential because capital is squandered on fruitless
43:37
endeavors that waste resources and distract and even prevent,
43:41
prevent productive endeavors from being fruitful.
43:45
Now that 3 1/2 years have come and gone since the tweet was
43:48
sent, it's probably a good time to do a retrospective dive to
43:52
highlight just how dead on Holzman, what how dead on
43:56
Holzman was. With the explanation and just
43:58
how crazy the went, the world went in 2020.
44:02
Here's a short, here's a here's a short passage, and then, well,
44:08
I'll go back to off to you. We can have a conversation about
44:10
it. Yet it is also possible that the
44:13
capitalists underestimate the future decline of the PPM.
44:17
That might be the case in particular when they are unaware
44:20
of the fact that the more paper notes are being printed.
44:23
It is this scenario that advocates of cheap money
44:26
commonly have in mind. But the hope that tricking
44:29
capitalists into accepting lower interest rates entails more
44:33
economic economic growth is entirely unfold unfounded.
44:37
It is true that in the case under consideration, the real
44:40
interest rate would decline under the impact of new paper
44:43
money being offered on the credit market.
44:46
It is also true that this event is likely to incite businessmen
44:49
to borrow more money and to start it to start more
44:53
investment projects than they otherwise would have started.
44:56
Yet it would be a grave error to infer that this is terror amount
45:00
to enhanced economic growth. The case is the exact is exactly
45:04
the reverse. At any point in time, the
45:07
available supplies of factors of production put a limit on the
45:10
number of investment projects that can can successfully can be
45:14
completed. What the artificial decrease of
45:17
the real interest rate does is to increase the number of
45:20
projects that are launched. But the total volume of
45:23
investments that can be completed has not thereby
45:26
increased, because the volume depends exclusively on the
45:29
productive resources that are objectively available during the
45:33
during the time needed for completion.
45:35
The artificial decrease of the interest rates therefore lures
45:38
the business community into all kinds of investments that cannot
45:41
be completed. In terms of a biblical example,
45:44
they could be they could, they could be said to start building
45:47
all kinds of towers, only to discover after a while that they
45:51
have just the resources to build the foundations but not to
45:55
finish the towers themselves. The labor and capital invested
45:59
in the foundations are then lost not only for the investor but
46:03
for the entire Commonwealth. They could have been fruitless,
46:06
fruitfully invested in a smaller number of projects, but the
46:09
artificial decrease of the interest rate prevented this.
46:12
In short, economic growth is diminished below the level it
46:16
could otherwise have reached. To sum it up, it is by number
46:19
means sure that politically induced increases of the money
46:22
supply will lead to a decrease of the interest rate below the
46:25
level it would have reached any free economy.
46:28
The success of cheap money policies especially unlikely
46:32
when the policy is not adopted on an ad hoc basis but turned
46:36
into a guiding principle of economic policy.
46:39
But the fundamental objection to this policy is that it is
46:42
counterproductive. Even if it succeeds in
46:45
decreasing the interest rate, the consequence would be more
46:48
waste and thus less growth. When rereading this passage, I
46:52
couldn't help but I but think that the landscape of venture
46:56
capital, the PPP loan program, the green energy bill hiding
47:00
behind the name Quote Inflation Reduction Act.
47:03
The tech sector experiencing a massive boom in the wake of
47:06
lockdowns and money printering. In the spring of 2020, as rates
47:10
were dropped to the zero bound and trillions of dollars were
47:13
pumped into the system, venture funds raised billions of dollars
47:16
and funneled those dollars to tech startups at insanely
47:19
inflated valuations. Later stage companies received a
47:22
timely lifeline that allowed them to extend and pretend.
47:26
And earlier stage companies were given a chance to prove
47:29
themselves as it stands today with rates well above 5% as the
47:33
Fed attempts to bring down inflation, many of those
47:36
companies that benefited from money printing have absolutely
47:39
nothing to show for it in the form of a profitable business
47:42
that is sustainable higher rates are exposing.
47:45
The fact that most of these businesses should have been
47:48
funded, shouldn't have been funded in the 1st place.
47:51
Their viability only makes sense when the cost of capital is as
47:54
close to 0 as it can get, which is a scenario that can only be
47:58
manufactured with central planning.
48:01
And what are the real life consequences of this?
48:04
You guys see it. Everyone else gets fucked.
48:08
And the people that are closest to the money spicket, the people
48:10
that benefit from the money spicket, they benefit.
48:14
But nothing productive comes out of it.
48:17
While the rest of us, we're just trying to even we're just trying
48:21
to afford housing. We're just trying to get by.
48:23
And This is why you hear the saying the rich get richer and
48:27
the poor get poorer. This is why you have Richmond
48:31
north of Richmond going absolutely viral.
48:33
This is why you had all those TikTok videos.
48:37
Fiat money is fundamentally broken and it is stealing from
48:42
the vast majority of people all around the world.
48:45
Now the good news is that was a lot of dark stuff.
48:48
The Bitcoin fixes this. Bitcoin fixes for my life.
48:52
Bitcoin is fixing this for El Salvador.
48:54
Bitcoin potentially could fix this for Argentina.
48:57
I know Bitcoin fixes for Opti's life as well.
49:01
Under a Bitcoin standard, your life actually gets cheaper over
49:04
time. Even with all the fucking
49:06
shenanigans happening with Fiat money.
49:09
If you save and earn in Bitcoin, your life will literally get
49:13
cheaper. Here's Price in Bitcoin is a
49:15
website that I showed yesterday and is a testament to that.
49:19
If you've been saving in Bitcoin, the dollar has actually
49:21
got in 75% cheaper over the last five years.
49:26
Oil. Gasoline has gotten 72% cheaper
49:29
in the last five years. Gold has gotten 60% cheaper in
49:33
the last five years. That's a P 562% cheaper.
49:38
And most importantly, because we have been talking about housing,
49:41
even with housing rising the way it has been, because of all the
49:45
money printing, if you were saving in Bitcoin, housing has
49:49
gotten 60% cheaper for you. On a three-year time scale, it's
49:54
actually gotten 351% cheaper for you.
49:59
So the answer's on the wall. I don't think there's a
50:04
political solution to this. I don't think that they're
50:06
interested in political solution to this.
50:08
I think both political parties are benefiting from this theft
50:13
and I don't think they're they're the answer to this.
50:15
The answer to this is simple. Opt out, Opt out into a
50:19
nonbroken money. Opt out into a money that values
50:21
your time, your energy, your effort, and drop that fucking
50:26
Fiat. That's what I got to say.
50:28
I know I covered a lot today, but this is a subject matter
50:31
that that really, really, you know, holds near and dear to my
50:35
heart. And yeah, this is this is, this
50:38
is, this is serious like this is the real deal.
50:41
Like the we're not joking when we say the peaceful Bitcoin
50:44
revolution, like this is what it's all about.
50:47
There's real life consequences to feel it.
50:49
Fiat money. And yes, we live in the states
50:52
where the inflation rate is relatively stable.
50:55
But imagine living in Argentina when you're dealing with 100%
50:58
inflation, Bitcoin is survival for you.
51:02
And I would make the case that in the US with the money
51:06
printing that they're doing and the amount of debt that the USO
51:10
owes and how that debt continues to go higher day by the day by
51:14
day, I would say Bitcoin is not a a investment.
51:18
Bitcoin is not a speculative asset.
51:20
Bitcoin is survival. At least it was for me, and I
51:25
know that sure. The hell no, it is for a whole
51:28
lot of people. They're just not aware of it.
51:31
So it's our job take agency. It's our job to point people in
51:36
the right direction, get them away from the divide and
51:39
conquer, left verse right Democrat, verse Republican and
51:44
get them focused on the target. It's not the politicians that
51:47
are coming to save your life, it's the fact that money is
51:50
fundamentally broken. The system won't change until we
51:55
fix the money, fix the money, fix the world, opt you.
51:58
What's your take? First and foremost, let the boy
52:02
cook Nikko coming in hot today, classic classic throwback Nikko
52:07
Jones rant. And before I go into my take on
52:11
everything, I need to dust off my ethics of money production
52:14
and redevour it because that was some sauce in there.
52:18
But. I'm so glad you covered this,
52:21
because I wanted to cover it when it first came out as well.
52:24
I saw that video and I wasn't sure if the video would
52:27
copyright checkout, but I'm glad that we covered it anyways.
52:29
But I think this is something we say all the time and we're
52:33
starting to see it happen in real.
52:34
In real time is that first and foremost, people are going to
52:38
have to feel the pain. If you aren't feeling that pain,
52:41
you know not. Not everyone is as lucky as the
52:44
few Austrian bitcoiners out there that just inherently
52:48
understand the problem. And they know that it starts
52:51
with the money, stupid. Most people are oblivious to
52:54
this. Most people are just on the rat
52:55
race. They have no clue what's going
52:57
on. And of course this is by design,
52:59
but as you can tell and you, you're seeing it on social
53:02
media. And of course we have to at
53:05
times look outside of our own echo chamber on Twitter.
53:09
I know our social media. Most of us have our social media
53:12
in a way where it's confirmation bias.
53:14
You're you're talking with people that.
53:17
Think like you think you want to interact with people that
53:19
believe what you believe on social media so that you don't
53:22
feel like you're crazy. But when you start seeing this
53:25
happen, aka the tik toks, the the YouTube videos, people
53:30
posting on social media about the problem, they're all feeling
53:33
the same thing And we say it all the time.
53:35
Inflation is the silent theft. Inflation is theft first and
53:38
foremost, period. And few people understand the
53:40
mechanics of what's going on with the money, yet everyone
53:43
feels the pain. So the first point is is people.
53:47
Have to feel the pain and I don't think we can stress this
53:50
enough. And I know I say it all the
53:51
time. What gets repeated gets
53:53
remembered. What gets remembered gets
53:55
repeated. And this is where we are guys
53:57
like This is why we constantly double down on the idea of
54:00
inflation is because the average person needs to care.
54:05
And what more do they care about than surviving?
54:07
Feeding their family, feeding themselves, paying their bills.
54:10
This is the fundamental problem in the world today is no one can
54:14
keep up with the money printer. And everyone is getting poorer
54:18
because of Fiat currencies. Again, this is not a left first
54:22
right thing, This is an orange verse green thing and printing
54:26
money affects every single one of us.
54:28
And I know it's a bear market. This bear market's been tough,
54:31
it's been one of the longest ones ever.
54:33
But still, Bitcoin is the best way to store your value moving
54:38
moving forward. It's the only thing that cannot
54:40
get debased 21,000,000 hard cap again, 21,000,000 bitcoins that
54:44
will ever be created. You you you don't have enough
54:48
right now you need to save more and and really actually I think
54:51
the real message in this social media clip and and what Nico is
54:57
elaborating on is that more people need to save.
55:00
Like saving is so important, especially saving in something
55:04
that cannot get to base. But as you guys know as as
55:07
bitcoiners, as Austrian economists out there, as anti
55:10
keynesians, Fiat money, Fiat currencies.
55:14
Have a way of incentivizing you to spend, spend, spend, spend,
55:18
spend. You hear the talking heads say
55:20
it all the time. You know, we need the velocity
55:23
of of money to go circulate throughout the economy so that
55:26
we all get richer. And it's like, no, you need to
55:29
save capital so that you can build things.
55:32
And if you're holding dollars, if you're holding paper money,
55:35
you are incentivized to spend it as quickly as possible.
55:39
And this is something I've seen in my own life if I'm holding
55:42
Fiat dollars. It's so much harder for me to
55:45
save that money because it's inherently burning a hole in my
55:49
pocket. And as Sailor always says, it's
55:51
melting ice cubes and Bitcoin incentivize you to save.
55:55
You know, we have the hotto meme.
55:56
It's like 21,000,000 Bitcoin. You do not have enough Bitcoin.
55:59
Hotto, hotto, hotto, huddle through the ups, huddle through
56:01
the downs. But really what we're saying is
56:03
savings. And and This is why the meme
56:06
that Bitcoin is a peaceful revolution is so powerful.
56:09
Because all you really have to do is save for yourself, pay
56:13
future. You first save like everyone out
56:17
there needs to save something. If you aren't saving any of your
56:21
capital coming in, how are you expecting to have surplus into
56:25
your future? It it literally doesn't compute.
56:28
You need to save something. And I said all the time from the
56:32
richest man in Babylon, you know, save 10% of your paychecks
56:35
live within the 90% of your paycheck.
56:37
But where we are right now, it's becoming extremely difficult to
56:41
do that because. Prices are going up.
56:44
I think I talked about this last week.
56:46
The idea or maybe this was with my friends and it might have
56:49
been off there on spaces. But I think every one of us,
56:53
even as bitcoiners are feeling the pain of inflation when we go
56:56
to the grocery store. And and slowly but surely you're
56:59
like, wait, wasn't like wasn't my stake $16.00 last week and
57:03
now it's $19.00 like wait, what's going on?
57:05
Even us that understand what's going on if it happened so slow
57:10
then. Yeah, Nika.
57:12
Exactly. Sorry.
57:13
He's hitting me in the chat. I was gonna say this nothing.
57:15
It happened so slow. The inflation and just the
57:18
exposure that you don't even realize it.
57:22
If you know the mechanics, you just feel it, and then you
57:26
almost even gaslight yourself. You're like, wait, am I actually
57:29
seeing the world correctly? But yes, you are.
57:33
Inflation is robbing the future. It is literally stealing from
57:37
you. It's designed to steal from you.
57:39
And the talking heads are out there like, oh hey, you know, 2%
57:43
inflation isn't enough. Maybe we should move it to 4%
57:45
inflation. And that's just what's on paper,
57:48
let alone what the actual inflation is, which everyone
57:51
knows is probably in the double digits, like the world is
57:55
becoming poorer because of our money.
57:58
And this is uncontentious and it's really upon us Bitcoiners.
58:02
It's what we try to do here on Simply Bitcoin every day is
58:05
expose more people to the funky money game going on right now.
58:10
As everyone's saying in the chat, you know Bitcoin isn't a
58:12
get rich quick scheme. It's a don't get poor slowly
58:15
scheme. And this is where you are right
58:17
now. This is the starting point.
58:19
This is the given of society. You are forced to get poor
58:24
slowly. And there's nothing you can do
58:26
about it because you are using paper money or using Fiat
58:29
currencies and hey, you know, take it peasant like take, take
58:34
the, you know, eat the boot. This is the status quo.
58:37
We have the guns. This is what your law is in
58:39
life. And we as Bitcoin is like, no,
58:41
fuck that. We are saving in something that
58:44
isn't designed to steal from us. And as more people wake up to
58:46
this. Not only will your life get
58:48
better, but literally the whole world will improve.
58:52
It starts with the money, guys. Fix the money.
58:54
Fix the world. As everyone was saying, and I
58:56
say it all the time in the chat, Everyone knows what the problem
59:00
is, but few people know what the solution is, and This is why
59:02
we're simply Bitcoin. This is why every geopolitical
59:05
issue, every. Political issue.
59:08
Every issue going on in the world, from mainstream media to
59:11
political issues, we always angle it back to Bitcoin because
59:14
it's all starting with the money and then everything else will
59:17
flush its way out. Anyways, guys, we're going super
59:20
long, so we're going to jump straight into the meme.
59:21
So, Nico, take it away. Yep.
59:23
And before we Before we jump straight into the memes, guys, I
59:26
want to tell you about the best place to build your Bitcoin
59:29
stack. Swan.com It's being built by
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Bitcoiners. It's for Bitcoiners.
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They also incentivize you to take self custody.
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That's why we love SWAN. Guys.
59:43
If you haven't already done so, visit swanbitcoin.com/simply and
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59:54
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59:57
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1:00:52
Alright guys. So as you can tell, we're going
1:00:54
straight into the memes today, which will just give me more
1:00:57
time to make the bit that I wanted to do for you guys today.
1:01:01
Even better for tomorrow. So you know, buckle up, stay in
1:01:04
there. We love you guys.
1:01:05
But you know, we have to end the show on a light note because
1:01:10
hey, for most people out there, maybe we just rock their world
1:01:13
and they're like, wait, what's going on?
1:01:14
Oh my God, I I need, I need some relief to the craziness of clown
1:01:19
world. Well, This is why we do the
1:01:21
memes. This is a meme review where you
1:01:22
guys send us memes and we covered them live.
1:01:26
And you guys drop your meme review score in the chat and we
1:01:28
cover those live as well. Anyways, tag me on Twitter,
1:01:31
simply Bitcoin TV or optimist fields and I will bring them on
1:01:35
the show shouts out to you guys that are tagging me.
1:01:37
I can't get to every single one of them but I do my best so I'll
1:01:41
just keep tagging me. Guys this is a good problem to
1:01:43
have, but also drop them in our telegram group T dot me slash
1:01:47
simply Bitcoin and I will look in there every morning as well
1:01:51
and get you. Your memes on the show.
1:01:53
That's the whole point. It's involving you on the show.
1:01:55
Get your memes on the show guys. Or you know, you can also hit us
1:01:58
up and we'll bring you on the show as well in real time
1:02:00
anyways. Anyways, totally other topic.
1:02:03
Tweets of the bullets, memes or the artillery.
1:02:05
As you can tell, the world is still asleep, but it is slowly
1:02:10
but surely waking up. So it is upon every single one
1:02:13
of us as individuals. To spread that signal, to have
1:02:17
these conversations, to incept these ideas into people's
1:02:21
brains. Because we do have the solution.
1:02:24
It's saving in the hardest money.
1:02:27
Period. This is simple economics, and no
1:02:31
amount of gaslighting by the Keynesians will disprove the
1:02:34
fact. That holding the best money in
1:02:36
the world will improve your life.
1:02:38
This is as simple as it can get. Anyways, 1st meme is by our boy
1:02:42
Rd. under score BTC and he goes, If you're not doing this, are
1:02:45
you even a bitcoiner #conviction A hashtag BTFDAKA by the fucking
1:02:51
dip. Anyways, we got the classic What
1:02:53
is this flex tape commercial meme here where the guy slaps
1:02:58
the tape on a leaking. Water.
1:03:01
What's a case of water? And he goes, me and my net worth
1:03:05
in Fiat plummeting and it's water leaking out of this hole
1:03:09
in your savings. And then you just slap some flex
1:03:12
tape on it, a KA Bitcoin, and you buy the dip.
1:03:14
Guys, what's the mean? When there's blood on the
1:03:17
streets, that's when you buy guys.
1:03:19
If you're a bitcoiner, well, this is for the new bitcoiners.
1:03:22
If you're a new bitcoiner. When the price goes down, this
1:03:26
is just an opportunity for you to stack more Bitcoin.
1:03:28
This is when conviction is made. This is when real bitcoiners are
1:03:33
born. And what's the bane meme?
1:03:36
You know I was born in the darkness.
1:03:38
You you merely inherited shouts out to all you bitcoiners that
1:03:41
got in the bull run. I was born in a bear market and
1:03:45
this is when I feel alive. This is when I feel most alive.
1:03:47
OK, next meme is by the BTC therapist and he goes hashtag.
1:03:50
Bitcoin is for savings. And again, I didn't even know
1:03:53
Nico was going to do the savings with.
1:03:55
But Bitcoin is for savings anyways.
1:03:57
We got Batman here and we got Batman stoically just saying
1:04:01
buying Bitcoin to make money. And then at the bottom is the
1:04:04
second scene, Batman smiling in the side.
1:04:06
No buying Bitcoin to save money. This is the message guys.
1:04:11
You need to save in something that cannot be the base.
1:04:15
This is how you improve your life, guys.
1:04:18
I say it all the time, and and this is what I wanted to kind of
1:04:20
cover in the culture today, but I'll do it tomorrow.
1:04:23
Bitcoin is entrepreneur money. It it makes you look at your
1:04:27
life in a way where you run it like a startup business and you
1:04:32
need to have access. You need to have some capital
1:04:35
saved up so that you can do the things you want, Stop holding
1:04:39
bouncing ice cubes, get off the Fiat standard and get on the
1:04:42
Bitcoin standard. And here we go.
1:04:43
The next meme is meaning Bitcoin.
1:04:45
And we got a boat here, a sailboat, maybe Christopher
1:04:47
Columbus's boat. And it goes born too late to
1:04:50
explore the world. And then we got a Star Trek ship
1:04:54
here, you know, leaving planet Earth.
1:04:56
And it goes born too early to explore space.
1:04:59
Then we got the Bitcoin logo going hyperbolic and it goes no,
1:05:03
what's the Star Trek when you get?
1:05:06
You know you go time or I don't remember.
1:05:09
Anyways, Bitcoin logo and it goes born just in time to
1:05:12
explore cyberspace. This is the way guys save your
1:05:17
money in cyberspace in the digital bank.
1:05:19
None is Bitcoin. Anyways next meme is by our boys
1:05:21
at Stamp Seed and it goes good morning, remove your Bitcoin
1:05:24
from exchanges. Actually I'm going so hard on
1:05:26
exchanges right now. So classic, classic Drake
1:05:31
template. And he's doing the hotline bling
1:05:34
no to Cz's face. And then he's doing the classic
1:05:37
yes to taking your Bitcoin into self custody and stamping your
1:05:42
seed in titanium with stamp seed Guys take your Bitcoin off in
1:05:46
exchange. It's not your Bitcoin if it's on
1:05:47
in exchange. And on that note we have
1:05:49
Bitcoinator. And he goes, please help those
1:05:52
people. And we got the I See Dead People
1:05:54
meme here from I Forget. What's it six cents, Maybe I
1:05:58
Forget. Yeah, Nico knows OK and we got
1:06:01
the kid. He goes, I see very stupid
1:06:03
people and we got Bruce Willis here and goes what kind of
1:06:05
stupid? He goes they got their BTC on
1:06:08
exchanges. What are you doing?
1:06:09
Take it into self custody. This is so simple it is not
1:06:13
difficult. Anyways, next meme is by at
1:06:15
Coinfinity and he goes, sorry those are not Bitcoin and we
1:06:19
just got it looks like a poem or a haiku, but it's just words
1:06:22
here and he goes not Bitcoin. So what's not Bitcoin?
1:06:25
Bitcoin Cash is not Bitcoin. Bitcoin SV is not Bitcoin state.
1:06:28
Bitcoin is not Bitcoin RAT. Bitcoin is not Bitcoin.
1:06:31
Bitcoin on coin base is not Bitcoin.
1:06:33
Bitcoin on finance is not Bitcoin.
1:06:35
Again, if it's not Bitcoin, it's a shit coin.
1:06:39
And if it's not in self custody? It's just an IOU and it's not
1:06:43
your Bitcoin. Okay.
1:06:44
This next one is my AutoCAD 21. And I I really felt this one
1:06:47
because I'm kind of in the same boat right now.
1:06:49
And he goes, the struggle is real.
1:06:50
And we got Mark Zuckerberg looking through the window, all
1:06:52
creepily and sad, and he goes, Me seeing Bitcoin dipping more,
1:06:57
knowing that I'm out of Fiat shouts out to everyone with that
1:07:00
problem right now and having no Fiat to stack the dip.
1:07:05
Actually, actually, I might actually have a little bit of
1:07:07
Fiat, but watch. This is my main review start.
1:07:09
Drop it in the chat. Oh wait wait, wait.
1:07:11
Let's full screen this. I'm going to give it this made
1:07:14
ex sticker that came with some made exes that I just bought.
1:07:17
Oh, that's my favorite. My favorite quote saved by my
1:07:20
life and my love of it. That I will never live for the
1:07:24
sake of another man, nor ask another man to live for mine.
1:07:30
And I actually used this quote right to come up with.
1:07:34
I think it's tipped pinned to the top of my Twitter profile,
1:07:38
which is I refuse to work for another man for for money.
1:07:42
That another man could work. It could make for free.
1:07:45
Anyways, Opti, what's your meme review score?
1:07:47
That I Ranco. I've literally ever since I
1:07:50
heard that and like base my life off of that, which was probably
1:07:54
like a year and a half ago, like, I don't know.
1:07:56
It just like clicked to me and one day like hit me across the
1:07:58
face. And I literally, this is how I
1:08:01
live my life. I absolutely love that, that
1:08:04
quote. I say it as many times as
1:08:05
possible. Anyways, I told you guys I don't
1:08:07
have any Fiat. I guess I was kind of lying
1:08:10
because I have this 20 pesos, Mexican pesos on my desk, so I
1:08:16
don't know what the exchange rate is.
1:08:18
What's 20 pesos? Is that like a dollar?
1:08:20
Have a dollar. Have a rent it Wait, I can't
1:08:25
even speak Spanish. Vente pesos 20 pesos main TE
1:08:28
pesos. Main pesos.
1:08:30
This is simply Bitcoin. Let's get, let's get through,
1:08:35
let's get to some of the meme scores.
1:08:37
First one is Bitcoin for Canadians.
1:08:40
I give the memes my plan to stack.
1:08:43
I drop till I drop. Oh, I love that.
1:08:45
Absolutely. Absolutely awesome.
1:08:48
Next one by Phil CI. Give the memes B&B shit.
1:08:51
Coin trending to 0. Absolutely hilarious.
1:08:54
Next one by Bushmaster Meme Score, Silent Revolution is
1:08:57
Imperative and Opti. That's Warp Dr. Streaming.
1:09:01
What did I say? Hyperbolic.
1:09:06
Oh. Man close enough, close enough.
1:09:09
Opti's non facial morning selfie to Nico Opti needs to do more
1:09:13
drugs to better describe cyberspace.
1:09:16
Spoiler He won't be able to describe it, but.
1:09:20
Wait, wait, wait, wait. Before we go on, shout out to my
1:09:23
boy because he always tags me on Twitter.
1:09:26
He's like what he said last week on Fridays.
1:09:28
Like this meme is so bad I need Opti to describe it.
1:09:31
Oh man, Son of Satoshi meme scored.
1:09:34
John Maynard Keynes is a Fabian collectivist that wanted to
1:09:38
create a world central bank and a shit coin called Bank.
1:09:41
Or the more you know that is deep collectivism.
1:09:45
Bad individualism Good Elaine Lowell moving to Bitcoin EIA.
1:09:49
This the new state created as several states joined to secede
1:09:53
creating Bitcoin heaven in the US.
1:09:55
Let freedom ring. I absolutely love that Mclovin
1:09:59
after hyper Bitcoin ization, simply Bitcoin will have to
1:10:02
rename the show, yes. We will, we will thinking about
1:10:05
this probably simply just simply anyways, I came gauge I score
1:10:10
that might use hemorrhoid. Yeah, you Nas.
1:10:15
What Bitcoin. Becca.
1:10:18
I give the Get Memes my empty Fiat bank account.
1:10:20
Becca is doing it the right way and I can confirm Becca does
1:10:24
make the best sandwich way. Way just to clarify, just to
1:10:27
clarify, 20 pesos is roughly .0000023 BTC.
1:10:34
That's not even. That's like sounds like Bitcoin
1:10:37
is winning. Anyways, it's the buzzer.
1:10:41
We're out of time. Wait, do I tear it up?
1:10:43
Cuz it's so worthless. It's like do it, do it, do it,
1:10:45
do it, do it. Tear it up, tear it up.
1:10:47
Max, guys, it's not illegal. I can't even tear it.
1:10:51
Guys, it's plastic. Wow, It's.
1:10:56
I'm terrible. It's indestructible.
1:11:00
Oh my God, it doesn't tear. All right guys, you've been
1:11:02
listening to simply Bitcoin. If you enjoyed the show, you
1:11:04
know what to do. Smash like, but and consider
1:11:07
subscribing if you feel like we provided you value.
1:11:09
But number one thing you could do to help push the peaceful
1:11:12
Bitcoin revolution, especially after today's episode.
1:11:15
Share Bitcoin content. Take agency.
1:11:17
Be the Uncle Jim and your family.
1:11:19
You know, go around telling people stop getting distracted
1:11:23
from the left and right bullshit.
1:11:25
The money that's broken. You fix the money, you fix the
1:11:28
world. I'm your host.
1:11:29
Nico is my cohost Opti. We'll be back tomorrow, 12:15 PM
1:11:33
Eastern Center, time for another cancer of Simply Bitcoin Live.
1:11:38
And also we'll be live streaming from Austin, TX starting
1:11:43
Thursday and Friday from Bitblock.
1:11:45
Boom. So that should be interesting.
1:11:47
We haven't quite figured out how we're going to do it, but we're
1:11:49
going to do it. All right, guys, have an awesome
1:11:51
day. I'll see you guys later.