Latest / Simply Bitcoin / Blackrock Says 85% Bitcoin Allocation Ideal | EP 790

Transcript

Blackrock Says 85% Bitcoin Allocation Ideal | EP 790 · Simply Bitcoin

• 0:18
  Good morning everybody. Today is Thursday, July 27th in
• 0:22
  the year 2023 and welcome to Simply Bitcoin.
• 0:25
  I will be your host Opti or a KA Optimist field and we are your
• 0:29
  number one source. Forward the peaceful Bitcoin
• 0:31
  revolution. We cover breaking news, culture
• 0:32
  and nomadic warfare. We bring on bitcoins from all
• 0:35
  around the world, from the biggest names to the everyday.
• 0:38
  Bitcoin are We got them all and we will be.
• 0:40
  Your guide through the separation of money and state
• 0:44
  and a constant theme we've been talking about here on the show
• 0:47
  is things are heating up, man. The Overton window regarding
• 0:50
  Bitcoin is heating up. We have crossed the Rubicon into
• 0:53
  mainstream consciousness and everyone and their mother is
• 0:56
  talking about Bitcoin and you just love to see it.
• 0:59
  You love to see the Overton window shifting inch by inch,
• 1:02
  block by block, towards the Bitcoin signal.
• 1:05
  Bitcoin signal is going mainstream, and the problems
• 1:08
  that Bitcoiners have been identifying for over a decade
• 1:11
  now and as long as I've been in Bitcoin, are now being spoken
• 1:14
  about at the highest levels. And you just love to see it.
• 1:17
  Love to see it. But of course, on my my cohost
• 1:21
  today, I'm not alone. But you know, a little spoiler
• 1:23
  alert. My cohost today, my Co bar found
• 1:25
  a very interesting research paper that kind of went under
• 1:28
  the radar. It was it's a year old by this
• 1:31
  point but it is now coming out and it does make you wonder.
• 1:36
  Makes you wonder a few things. Is BlackRock getting absolutely
• 1:41
  bullish about Bitcoin or are they feeding us what we want to
• 1:45
  hear? Anyways?
• 1:46
  As you guys can tell from the title, there's a research paper
• 1:48
  from people, employees that work at BlackRock saying that the
• 1:51
  ideal investment portfolio of Bitcoin or of your personal
• 1:56
  investment portfolio should be heavy on Bitcoin.
• 2:00
  And this is something we tell you guys all the time, you know,
• 2:02
  hey, stay humble, stacks that stay solvent, all that good
• 2:05
  stuff. But if you're not all in on
• 2:07
  Bitcoin, what are you actually doing?
• 2:08
  Guys, come on, do not waste this opportunity right now.
• 2:11
  But again, should we be skeptical of this paper and I'm
• 2:14
  sure we're going to talk about this during the news segment or
• 2:18
  are they just seeing Fiat games are are they just talking their
• 2:21
  bag and wanting to pump it? Well, we'll be talking about
• 2:24
  that well. We'll get a little devil's
• 2:25
  advocate, a little skeptical on it as well.
• 2:27
  But on the other news, today's numbers.
• 2:31
  I do have some more news coming out from RFK Junior, and you
• 2:35
  guys know me. I'm as skeptical as it comes
• 2:38
  when we talk about politicians, but Robert Kennedy Junior really
• 2:43
  seems to be putting his money where his mouth is.
• 2:45
  He really does seem to be a bitcoiner.
• 2:48
  Again, he's a politician, so maybe he's just talking to a
• 2:51
  voting bloc that is the bitcoiners.
• 2:54
  But he had a huge spaces yesterday on Twitter with some
• 2:57
  awesome bitcoiners and one notorious shit coiner.
• 3:00
  But what? That's besides the point.
• 3:02
  And oh wait wait wait, hold on okay.
• 3:05
  I made it past the 1st 2 minutes.
• 3:06
  Okay good to go but he sounds like a bitcoiner guys.
• 3:11
  He he's been saying the things that we've been talking about.
• 3:15
  I got some good quotes from that spaces.
• 3:17
  I even have a little bit where Robert Breedlum asked him a
• 3:21
  question what the difference between money printing and
• 3:25
  counterfeiting is. And he sounds like a Bitcoin.
• 3:28
  Or so you know, Let's not try to sit for anyone just because they
• 3:32
  say Bitcoin. I've been saying this for a long
• 3:34
  time, but you love to see the Overton window shifting towards
• 3:38
  our direction, towards our message, and this is a win.
• 3:42
  Whether you agree with him or whether you don't, the fact that
• 3:45
  these conversations are happening by a presidential
• 3:48
  elect TA nomination or a presidential hopeful I think is
• 3:53
  signal and signs for things to come in the future, Bitcoin will
• 3:57
  be a point of contention. Maybe not this election, but
• 4:00
  definitely by the 2028 election everyone will have to have a
• 4:05
  Bitcoin stance. Or rather what we're probably
• 4:07
  going to see in the 2024 election is whether they are pro
• 4:11
  Cbdc's or anti Cbdc's. So this is very interesting
• 4:14
  stuff. But I remember a comment that my
• 4:17
  buddy Weinick has said and it was a funny statement, really
• 4:20
  made me laugh. And he's like, it's a very
• 4:23
  interesting and probably a bad take for a presidential nominee
• 4:26
  to be talking about Bitcoin, because no one likes bitcoiners,
• 4:29
  so that's a weird platform to run on.
• 4:31
  But hey, he's saying all the things us bitcoiners love.
• 4:34
  So nonetheless, the conversation surrounding Bitcoin is changing
• 4:38
  and it's heading into the having.
• 4:41
  I think it's going to be extremely bullish.
• 4:43
  I don't know about you guys, but I'm I'm starting to feel the
• 4:45
  bullish flutters. I'm starting to feel the
• 4:47
  butterflies here and I'm trying to stay humble, stacks ass, and
• 4:51
  stay half solvent. Anyways, as I told you, I'm not
• 4:54
  alone. I got my boy Mike Hobart here
• 4:56
  and everyone loves when Mike and I get on the show and we just
• 4:59
  start ranting. And I think today is going to be
• 5:00
  no different. He's usually the sober bitcoiner
• 5:03
  and I get stupidly bullish, but I think on today we might get
• 5:06
  bullish and skeptical anyways. Mike, how you doing?
• 5:09
  Good to have you bro. How have you been since the last
• 5:12
  time we brought you on? I've been doing great man and
• 5:15
  thanks for bringing me on. I have a great time and I think
• 5:18
  I have. Well believe it or not I might
• 5:20
  have more fun coming on here than the than the listeners do
• 5:22
  and like listening to a grant, but I've been busy and grinding
• 5:26
  man. I'm for those that don't know,
• 5:28
  I've been on the job hunt for a couple months and let me tell
• 5:31
  you guys if you have a Fiat mining like operation don't lose
• 5:36
  it cuz the job market is not as great.
• 5:38
  Is there like the all these? Furuz on Twitter or making it
• 5:43
  sound out to me, but I'm doing great man.
• 5:45
  Like, it's been a busy week for me too.
• 5:47
  So love it, Love it. Yeah.
• 5:48
  And you had, you've had some articles go viral on Zero Hedge,
• 5:51
  and we'll talk about them a little later.
• 5:53
  Actually, we'll plug them at the end because we don't want to
• 5:55
  turn anyone off already. All right guys, let's get into
• 6:00
  the numbers, cuz we got a lot to talk about the Bitcoin numbers.
• 6:06
  Is your Bitcoin and cold storage really secure?
• 6:09
  Is your seed phrase really secure?
• 6:12
  Stamp seeds? Do it yourself.
• 6:13
  Kit has everything you need to hammer your seed words into
• 6:17
  commercial grade titanium plates instead of just writing them on
• 6:21
  paper. Don't store your generational
• 6:24
  wealth on paper. Papers prone to water damage.
• 6:27
  Fire damage. You want to put your
• 6:29
  generational wealth on one of the strongest metals on planet
• 6:33
  earth, Titanium. Your words are actually stamped
• 6:35
  into this metal plate with this hammer and these letter stamps.
• 6:39
  And once your words are in, they aren't going anywhere.
• 6:42
  No risk of the plate breaking apart and pieces falling
• 6:45
  everywhere. Titanium stamp seeds will
• 6:48
  survive nearly triple the heat produced by a house fire.
• 6:51
  They're also crush proof, waterproof, non corrosive, and
• 6:54
  time proof. All things that paper is not.
• 6:56
  Not allowing you to huddle your Bitcoin with Peace of Mind for
• 6:59
  the long haul. Stamp your seed on stamp seed,
• 7:04
  definitely make sure you guys are not storing your seed phrase
• 7:07
  in your sock drawer on a piece of paper.
• 7:09
  But scan the QR code and you guys could go straight to stamp
• 7:12
  seed and get yourself a titanium seed phrase storage kit.
• 7:15
  This is the way. Anyways, we're over here on
• 7:17
  Clark Moody's dashboard. Of course, one of the best
• 7:20
  dashboards in the game. There's a few other ones, but
• 7:22
  hey, we use Clark Moody over here as a legacy nod over here
• 7:26
  but but we are on bitcoin.clarkmoody.com as you
• 7:30
  can tell and the current block height is the only number that
• 7:33
  really matters. No one cares about the date
• 7:34
  anymore. The only number that really
• 7:35
  matters is block height goes up TikTok next block honey bad you
• 7:39
  don't care and we are currently at 800,508.
• 7:42
  The current Bitcoin price is $29,280 per Bitcoin, which means
• 7:48
  at the Moscow time, AKA how much your dollar is worth a KA, how
• 7:51
  much Bitcoin you can buy for a single dollar.
• 7:53
  It's currently at 3404 15, excuse me, and the total
• 7:58
  percentage issued of Bitcoin that will ever be released that
• 8:01
  will ever be created is 92.57%. The market cap in Fiat terms is
• 8:06
  $569.2 billion. The realized monetary inflation
• 8:11
  taking Fiat currencies to school is currently at 1.76%.
• 8:16
  The Bitcoin versus gold market cap is 4.33%.
• 8:20
  Bitcoin isn't even at 5% of the gold market cap and you guys
• 8:24
  don't think you're early? Couldn't be me can't relate.
• 8:26
  Anyways, the total lightning capacity public lightning
• 8:29
  capacity is 4683.1 BTC. The hash rate for the last 90
• 8:35
  days is 368.5 hexa hashes and the pending fees it's 2.19 BTC.
• 8:42
  It's almost like Bitcoin works. It's almost like the man pool
• 8:45
  will always clear. Anyways, as I was telling you
• 8:48
  guys in the beginning yesterday, RFK Jr. was in a space with a
• 8:53
  bunch of bitcoiners. I forget who they were.
• 8:55
  There's like Marty Bent, Nat Burnell, I think Robert
• 8:57
  Breedlove, A notorious shit corner that I'm not going to
• 9:01
  name. And there was one more that I'm
• 9:02
  that I'm forgetting. But there's a lot of good quotes
• 9:06
  and sound bites that come out from this space and it really
• 9:09
  makes you wonder, is RFK Jr. actually believing what he says?
• 9:14
  Is he is he a bitcoiner? Or is he just giving lip service
• 9:17
  to all of us bitcoiners? Of course, as a bitcoiner we do
• 9:20
  not trust politicians inherently, but it really does
• 9:23
  seem like he is a Bitcoin and he really does believe what he's
• 9:27
  saying. Whether he has all the facts or
• 9:29
  not, I think might be a point of contention.
• 9:32
  But considering his family, his family lineage, what has
• 9:36
  happened in his family and in his personal life, it really
• 9:40
  does seem like he believes in Bitcoin like we believe.
• 9:43
  And of course, as Bitcoiners, we understand one thing, especially
• 9:47
  here on simply Bitcoin. You know, if you want to change
• 9:50
  the world, as much as we don't like politics, it's behooves us
• 9:56
  as Bitcoiners to get involved. Whether it's on a local level,
• 9:59
  Yes, maybe we can't change the federal level, but Bitcoin is a
• 10:02
  point of contention and Bitcoin will be something that changes
• 10:06
  the world. And having favorable laws in
• 10:08
  regards to Bitcoin is something that I would love personally.
• 10:11
  Anyways, we're over here on Bitcoin Magazine.
• 10:13
  There's some good tweets, and I'm gonna read some tweets, and
• 10:15
  I do have a clip here in regards to a little snippet of what
• 10:19
  happened in that space. And it really does show you that
• 10:21
  he believes what he's saying and he's a Bitcoiner and he
• 10:24
  understands the problem. Now does he understand the
• 10:26
  solution? Does he understand all the stuff
• 10:28
  he's talking about? I don't know.
• 10:29
  Only time will tell. So let's not sit for politicians
• 10:33
  or any billionaire or millionaire that says Bitcoin.
• 10:36
  But it is hopeful and it is, in my opinion, changing the
• 10:39
  conversation and moving the needle forward to some respects.
• 10:43
  Now people will actually have to ask themselves, oh, maybe I
• 10:46
  should listen to this Bitcoin. So maybe there's something here
• 10:49
  in regards to Bitcoin. Anyways, the tweet is just in
• 10:52
  U.S. presidential candidate Robert Kennedy Jr. hashtag.
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  Bitcoin can be an alternative to Americans, giving them an escape
• 10:59
  from the Fed printing money. We've lost sovereignty over our
• 11:02
  monetary system and we need to regain our sovereignty of it.
• 11:06
  You know, first contention. You guys know me.
• 11:08
  Who is we? I this is I always get triggered
• 11:11
  when I hear we. But that's besides the point.
• 11:14
  That's another change it. The other thing that came out of
• 11:16
  this space is, was this idea that Robert Kennedy Junior is
• 11:21
  putting his money where his mouth is.
• 11:22
  And after the Bitcoin conference in 2023 in Miami, he doubled
• 11:28
  down on the idea. He talked to us bitcoiners,
• 11:31
  maybe had some great conversations with Bitcoiners
• 11:34
  and he's starting to realize what we say all the time.
• 11:37
  You cannot save in dollars and any other asset that isn't
• 11:41
  censorship resistant can potentially be taken away from
• 11:44
  you. And if you want to prosper
• 11:46
  moving into the great reset, you need to own some Bitcoin
• 11:49
  anyways. Another quote here that comes
• 11:52
  from RFK Junior and he goes right after the Bitcoin
• 11:54
  conference. I decided to put my money where
• 11:56
  my mouth is and I bought 2 Bitcoin for each of my seven
• 12:00
  children. Bought 14 Bitcoin for his family
• 12:03
  and you just love to see it. This is what we tell you guys to
• 12:05
  do all the time. You don't stack Sats for your
• 12:07
  first name, you stack Sats for your last name and RFK Junior
• 12:11
  stacking Sats for his last name for his children, trying to pass
• 12:15
  on them. Sats for future generations.
• 12:17
  You just love to see it. OK, continuing on some of these
• 12:19
  quotes before I get into the little snippet and having his
• 12:22
  words for himself, we have Walker America of the crypto
• 12:25
  couple over here who was basically live tweeting the
• 12:28
  spaces. So shouts out to you.
• 12:29
  Walker really appreciate this and it goes.
• 12:31
  Bitcoin threatens the monopoly of the US government and other
• 12:34
  governments to print endless money to fund endless wars.
• 12:37
  What do we say all the time on the show?
• 12:39
  Fiat has incentivized endless wars and it is backed by the
• 12:43
  money printer. Again another quote, Bitcoin
• 12:46
  allows small investors to actually have an inflation proof
• 12:49
  currency. Right now anyone who uses Fiat
• 12:51
  currency is at the mercy of this system, which is designed to
• 12:55
  strip mine wealth from the poor and middle class and put it in
• 12:58
  the pockets of the Super rich. Is this not something we talk
• 13:00
  about all the time on the show? The wealth redistribution
• 13:04
  technique mechanism that is inflation, that is taxation and
• 13:09
  it is really separating and making the middle class poorer
• 13:13
  and poorer in regards to the Uber rich class.
• 13:16
  And This is why we say all the time that you need to save in
• 13:19
  Bitcoin because you can't save in anything else.
• 13:21
  You want to store your wealth in something that appreciates over
• 13:25
  time. And then there is another clip
• 13:27
  here, and this is not the clip that I want to touch on, but
• 13:31
  Robert Kennedy Jr. is an environmentalist.
• 13:33
  And he is also doubling down on the ideas of Bitcoin mining
• 13:37
  being good for the climate and helping sustainable energy and
• 13:40
  and further even incentivizing the use of, you know, coal and
• 13:45
  oil and gas. And he's not against it.
• 13:48
  He just realizes that. And there's another quote that I
• 13:50
  didn't bring up. He said something on the lines
• 13:52
  of if there's pollution, then there is a subsidy behind it.
• 13:55
  And I'm gonna leave that here because I know Mike is really,
• 13:59
  really close to that idea. He worked in the oil and gas
• 14:02
  work for Great American Mining. So I'll leave that little tidbit
• 14:05
  for him to jump in. But this is the point that I
• 14:08
  wanted to touch on Rob. Robert Breedlove asked RFKA
• 14:16
  simple question and he sounds like a bitcoiner.
• 14:20
  And this is something we talk about constantly on the show.
• 14:23
  And let's just hear his own words, But shouts out to Rustin.
• 14:27
  He has taken hold of our Twitter lately and he just tweeted this
• 14:31
  and he goes, RFK Junior and Robert Breedlove discussed the
• 14:34
  difference between money printing and counterfeiting.
• 14:37
  And it's a very simple question. So we don't got the whole clip.
• 14:40
  We just have Breedlove asking him what's the difference
• 14:43
  between money printing and counterfeiting.
• 14:46
  And here is RFK's response. Just love to hear it.
• 14:50
  And it's super simple and super, super eloquent.
• 14:53
  I would say just short and sweet and to the point.
• 15:00
  It's legal. That's the big difference.
• 15:03
  That may be the only difference. So there's no economic
• 15:09
  difference, just a legal one. Yeah, I would say that's the
• 15:14
  only difference. Thank you.
• 15:21
  Love to see it. So obviously you can tell that
• 15:25
  he's laughing. Well, you know, we, we are kind
• 15:27
  of making light of it, but it's something we talk about all the
• 15:30
  time. You know, what's the difference
• 15:31
  between you guys counterfeiting a $20 bill and the federal
• 15:36
  government continuously printing money out of thin air?
• 15:40
  There is legitimately no difference.
• 15:42
  It is still counterfeiting just by another name.
• 15:44
  The only difference is that the Fed is legally able to
• 15:48
  counterfeit more money and and, you know, inject it into the
• 15:52
  economy for the better of all Americans.
• 15:54
  And you are it because you're just the peasant out there and
• 15:57
  you don't have the power of the money printer.
• 15:59
  But nonetheless, I think the point still remains the same.
• 16:02
  It does sound like he understands Bitcoin.
• 16:06
  He understands the fact that the monetary system is broken, that
• 16:09
  it's rigged against the little man.
• 16:11
  And whether you like him or not, whether you believe in
• 16:13
  politicians or not, I think the point still remains the same.
• 16:17
  The Overton window is shifting and we have a presidential
• 16:20
  candidate that is saying what bitcoins have been saying for a
• 16:23
  decade plus now. And I think that that is just
• 16:27
  the signal in and of itself. The message that we try to talk
• 16:30
  about here every single day is starting to spread.
• 16:32
  Whether that is the fact that you need to save in something
• 16:35
  that cannot be debased, that the middle class is being destroyed
• 16:39
  and devastated because of the money printer, that you know
• 16:42
  printing money is no different than counterfeiting.
• 16:45
  That you need to stack stats for your last name and not your
• 16:47
  first name, first name so you can make it through the great
• 16:50
  reset. To me it does seem like he's
• 16:52
  putting his money where his mouth is and he I think really
• 16:56
  does believe what he's saying. Again I am skeptical of
• 17:00
  politicians first and foremost and I'm.
• 17:02
  I'm also trying to temper my acceptance of RFK Junior with
• 17:09
  the idea of I'm not going to sit for anyone just because they say
• 17:12
  Bitcoin, but man, it is very hopeful in my opinion that the
• 17:16
  conversation is moving forward, the needle is moving and people
• 17:19
  are talking about Bitcoin and I think we are what, nine months
• 17:26
  out of the having, I think things are going to start to
• 17:28
  ramp up. And if you're not feeling
• 17:30
  bullish, if you're not stacking stats, if you're not mining Fiat
• 17:33
  at an incredible rate right now, you need to double down, put
• 17:37
  your horse blinders on and understand we are winning and
• 17:40
  Bitcoin incentives stay strong. The game has never been better.
• 17:44
  It's never been safer to save in Bitcoin.
• 17:46
  I think this is the best time to be stacking and this might be
• 17:49
  the last opportunity for the average person to meet their
• 17:52
  stacking goals. So stay stacking, stay humble,
• 17:55
  stack sats, stay solvent. This is the way.
• 17:58
  But anyways, Mike, what's your thoughts on RFK Junior?
• 18:01
  Did you catch this space or you just catching some of the little
• 18:04
  tidbits that I brought up? No, I was, I was listening for a
• 18:08
  little bit. I think I have to like, you know
• 18:13
  my position. I think a lot of the people
• 18:15
  listening know my position as far as like, no simping for
• 18:17
  politicians like, just because, like.
• 18:21
  We know a lot of us know the political process.
• 18:24
  It's like they can make all the grandiose promises all they want
• 18:27
  on the campaign trail. It's a different thing when you
• 18:29
  get into when you get elected and you're dealing with the the
• 18:33
  corruptions of DC and the political parties like the DNC,
• 18:36
  the RNC, like I I don't. I don't credit a whole lot of
• 18:41
  value to his presidential prospects because I like some of
• 18:46
  the people in the chatter saying I don't.
• 18:49
  Think he has a whole lot of chances of getting there kind of
• 18:55
  going with the Democratic side is probably going to like
• 19:00
  sabotage his any actual real opportunities or prospects of
• 19:05
  getting into the White House like he.
• 19:11
  The other difficult thing too is like, I was like we talked about
• 19:13
  this a little bit with like on the Bitcoin Veterans Podcast,
• 19:16
  specifically with Shane Hazel, for those who don't know.
• 19:19
  Who's Shane Hazel? Is he?
• 19:21
  He's spent significant time running for different political
• 19:25
  positions. Like, I like he his most recent
• 19:27
  one was governor and I think he said he ran for Senate and House
• 19:31
  or something like that. So Shane has like very explicit
• 19:37
  personal experience with just being on the on the, on the on
• 19:42
  the trail and the campaign effort and everything but.
• 19:46
  I do think that he, his platform and the attention that he is
• 19:50
  garnering is bringing a lot of necessary conversation to a lot
• 19:55
  of the points that he's bringing up, especially the Bitcoin
• 20:00
  thing. And like I I'm glad that Robert
• 20:03
  Breedlove asked that question as far as the counterfeiting of
• 20:06
  money, I would probably have preferred that question to be
• 20:13
  brought up outside of the Bitcoin space.
• 20:17
  Because that spaces was probably largely more of an echo chamber
• 20:21
  than really anything They they they had just Bitcoin people up
• 20:27
  there with the with the the crypto scammer host and there
• 20:31
  wasn't really a whole lot of like honest genuine conversation
• 20:36
  to go back and forth. But it is an important concept
• 20:40
  that a lot of people need to be aware of.
• 20:42
  Is it like the the just because they say it's legal through like
• 20:47
  the Federal Reserve and the Treasury of formulating money
• 20:50
  doesn't mean it's not counterfeit.
• 20:52
  Like what's what's the thing that Alex has been sharing?
• 20:57
  I think it was from Guy Swan, Like don't sacrifice your time
• 21:00
  and effort and your labor for something that somebody can
• 21:03
  produce for free. Like that's the biggest thing.
• 21:07
  Other than that, like I'm not contributing a whole lot of
• 21:12
  effort to paying attention to RFK.
• 21:16
  I, I I'm trying to get a this is probably the most politically
• 21:20
  involved. I've been.
• 21:21
  I don't know about everybody else, but I'm trying to garner a
• 21:27
  responsible understanding of all their different talking points.
• 21:31
  And I think that everybody, if they haven't picked up on it
• 21:33
  yet, they really probably should.
• 21:35
  Because like I said with you guys, like I'm, I'm of the
• 21:38
  opinion that things, like, we think things are weird now in
• 21:42
  America. We're not even into election
• 21:45
  year yet. Like things are going to get
• 21:46
  really, really weird and really stressful.
• 21:51
  Yeah, 100% and and to your point obviously.
• 21:56
  I agree with you. I I don't think I've ever been
• 21:59
  as this political. I used to really be like
• 22:01
  apolitical, and that's where I really fell in love with
• 22:03
  Bitcoin. It's apolitical money, which
• 22:05
  makes it extremely political. And I'm starting to understand
• 22:08
  the importance of at least being aware of what's going on.
• 22:11
  But also to your point about the echo chamber, that's kind of the
• 22:14
  idea that I was thinking as well when I was hearing this is like.
• 22:16
  As much as I love to hear RFK Junior say what I want him to
• 22:20
  say, I also understand that he's talking to Bitcoiners and he
• 22:24
  obviously has an agenda. He obviously understands who his
• 22:28
  audience is. And so hopefully these ideas do
• 22:31
  spread outside of just the Bitcoin echo chamber and at
• 22:35
  least just having this presidential candidate talk
• 22:38
  about Bitcoin seem to understand exactly what we talk about.
• 22:41
  You know, he he very obviously understands that the system is
• 22:44
  broken. And it is not created or set up
• 22:48
  in a way to help the average person.
• 22:50
  And whether his intentions are pure, I think might be besides
• 22:55
  the point. We will only know in short due
• 22:58
  time. But actions do speak louder than
• 23:00
  words, and I think him buying Bitcoin, you know, saving a
• 23:03
  Bitcoin for his family, for every one of his children.
• 23:06
  I think it might be one of these things where Bitcoin changes
• 23:08
  you, you don't change Bitcoin. And as we move further into this
• 23:11
  election cycle, it's going to be very interesting to see if this
• 23:15
  conversation starts to spread outside of just, you know,
• 23:18
  Bitcoin, Twitter, Echo, chambers, whether these
• 23:19
  conversations happen on corporate press.
• 23:22
  I even saw some other clips about him on corporate press and
• 23:25
  he's he's obviously tailoring his, his, his message.
• 23:30
  To that audience. But he's still saying the same
• 23:32
  things that he would say with us.
• 23:33
  Maybe he's just a little more extreme because he understands
• 23:36
  that like, Oh yeah, these guys get it and they don't like the
• 23:40
  government. And it's like, it's like we were
• 23:41
  talking before, before the the show started.
• 23:44
  Like, and this is something that you and I have talked about in
• 23:47
  spaces is you can't when you're talking about complex topics,
• 23:53
  like you can't just go straight into the extreme.
• 23:56
  Like you can't because people are going to react emotionally.
• 23:59
  You you just can't do it like you can.
• 24:01
  You can call it self censorship all you want, but you're a bit
• 24:04
  of a larp and a moron if you're calling it, if you're saying it
• 24:06
  that. Because like how many of us when
• 24:09
  we were younger, we're told painful truths that you hear and
• 24:15
  you're like, no, no, that's not how it works.
• 24:17
  It's like you can be, you can be as emotional as you want, it
• 24:22
  doesn't change the fact of reality.
• 24:25
  But if you want the conversation to actually be fielded like you
• 24:29
  have to, you have to break the surface tension that everybody
• 24:32
  has over these topics. And I think I didn't stick
• 24:36
  around long enough, but I would have liked, and it might have
• 24:40
  happened in that conversation. But I would have liked the the
• 24:43
  the topic of hollowing out of the middle class to come up like
• 24:47
  we talked about in the spaces a couple days ago, where it's not
• 24:52
  just the middle class and the lower class are being heavily
• 24:55
  taxed. Like you're being taxed on what
• 24:57
  you earn, what you spend, what you invest and what you own.
• 25:01
  Because like, you don't actually own a home.
• 25:05
  You're still paying property taxes on the damn thing.
• 25:07
  Like, just by it. Like after you build it out,
• 25:10
  like what you you still have to pay property taxes.
• 25:13
  Like the I think that's a little ridiculous.
• 25:15
  And then it goes further when you consider that the majority
• 25:19
  of economic activity is digital. Now whether it's online or with
• 25:23
  a credit card swipe, you're also being taxed in the sense of 1 to
• 25:28
  2% of that transaction is going to the banks.
• 25:33
  So like after what 50 probably it's probably more like 75
• 25:38
  transactions like basically all of that value is accumulated to
• 25:41
  the central banks like between between the taxing and then that
• 25:47
  where's the money going? It's not going back into
• 25:50
  everybody else's pockets, it's going into the pockets of the
• 25:52
  politicians and the bankers. That's the question that most
• 25:56
  people either are too afraid to ask or too ignorant to ask Where
• 26:00
  is all the money going? Like, yeah, where where is this
• 26:05
  money coming from? What's the what's the classic
• 26:07
  cliche meme? Follow the money and you'll
• 26:09
  understand what's actually going on.
• 26:11
  Yeah, guys, just ask the questions.
• 26:14
  Exactly. Ask the question, where is the
• 26:16
  money coming from? How is this money created?
• 26:18
  Why are we being forced to use a money that another man can
• 26:21
  create for free? Why is this the status quo?
• 26:24
  And I think this is where the echo chamber starts to break and
• 26:27
  the Bitcoin message starts to move into the public
• 26:30
  consciousness and more people wake up to the idea of the money
• 26:35
  is broken. Stupid.
• 26:36
  All right, let's get into the news because we got a lot of
• 26:38
  talk about we we went a little longer on the numbers than
• 26:40
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  So the prices have rose a little bit.
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  They're going to start to inch up as we start moving closer to
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  Mail passes 4749 and you can get a discount if you use the promo
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  code. Simply I think it's 10%
• 28:14
  discount. I might be wrong.
• 28:15
  Anyways, we got Mike here today and since I have him as my
• 28:20
  cohost, Mike went pretty viral on when was this Monday.
• 28:26
  Yeah, Monday. No Tuesday, Tuesday on this
• 28:30
  little research paper. And the TLDR of it is basically
• 28:35
  people, employees at BlackRock have determined that the most
• 28:39
  optimal Bitcoin allocation in a portfolio is 84.9%.
• 28:42
  Does this not make you feel bullish?
• 28:44
  Again, being a little skeptical of this, you got to wonder what
• 28:48
  the incentives are here. Is it because they are Fiat
• 28:50
  Maxis? Is it because they're trying to,
• 28:53
  you know, bait us into getting overly leveraged and go into a
• 28:57
  bull run and then kind of short us?
• 28:59
  I don't know what's going on here, but.
• 29:02
  Nonetheless, the signal is getting out there and everything
• 29:04
  we've been talking about just goes to show that Bitcoin is a
• 29:09
  must hold for everyone. And now the black rocks talking
• 29:12
  about it. Every asset manager in the
• 29:13
  world. Is starting to wake up to the
• 29:15
  idea that they need to hold some Bitcoin.
• 29:17
  I don't know about you, but I'm starting to get that itch and
• 29:20
  I'm starting to feel stupidly bullish.
• 29:22
  But anyways, Mike, will you give the people not only the context
• 29:27
  of this piece, this research paper, but also where you found
• 29:31
  it and what your favorite little tidbits are?
• 29:33
  And I do have all the links over here so that we can get into it.
• 29:36
  So, Mike, the floor is all yours.
• 29:38
  Yeah. So the first thing that
• 29:40
  everybody needs to be aware of is on the first page at the very
• 29:45
  bottom where I highlighted it, it states that it was done, it
• 29:49
  was put, this research report was put, was put together by a
• 29:53
  few individuals that work at BlackRock and it is not
• 29:57
  necessarily a report by BlackRock in the technicality.
• 30:02
  Now there's an important aspect here because consider the size
• 30:08
  and the the position of BlackRock like as far as a
• 30:12
  corporate entity and the amount of social capital that they they
• 30:16
  command. A friend of mine that I'm
• 30:18
  working on setting up for a discussion slash debate on
• 30:21
  Bitcoin veterans to cuz he he is not a fan of Bitcoin.
• 30:25
  He like he he's a he's a fan of Bitcoin in the sense of he
• 30:28
  understands outside of America in the third world and the value
• 30:31
  that it it it brings to those communities and those
• 30:33
  individuals But and he understand like he he's totally
• 30:37
  on board with like a small like you know responsible allocation
• 30:40
  to Bitcoin in a portfolio to maximize its optimal performance
• 30:44
  whatever. But the point being is that he
• 30:48
  and I have regular conversations on like kind of like the back
• 30:52
  and forth of like arguing the the value proposition of
• 30:55
  Bitcoin. I sent this to him and he had,
• 30:59
  he made a good point where I was like, I understand it's not
• 31:02
  BlackRock saying he's like, well that's not entirely true because
• 31:07
  BlackRock the size that they are, anything that comes out
• 31:11
  like this is still going to be a reference of them.
• 31:15
  Because like for those of you that are in a leadership
• 31:18
  position, if somebody under your wing screws up, that is your
• 31:23
  screw up, right? Like you have to own what the
• 31:25
  people that are in your charge are doing now.
• 31:28
  So that it's that in a in a roundabout way this is still
• 31:32
  BlackRock stating this or coming out with this with this kind of
• 31:35
  like report. So the going going back to the
• 31:40
  84.9% allocation there. I saw some questions on the chat
• 31:44
  early on it's like well what what what is do what is going on
• 31:47
  with the other 15.1%. They state that for the for, an
• 31:51
  optimal Bitcoin allocation for a standard 64 polio portfolio
• 31:55
  would be 84.9%, with the remaining 15.1% broken down into
• 32:01
  a a 6040 split between equities and bonds.
• 32:04
  That says it right after that second line in between the two,
• 32:06
  the yellow and the green. There there's also important
• 32:11
  distinctions within this report that people also need to be
• 32:15
  aware of. So this report was specifically
• 32:17
  looking at skewness and bliss. Skewness is, as you know, in
• 32:23
  Wall Street. Fashion is just a word to
• 32:25
  obfuscate and confuse the average individual to have to
• 32:27
  put in more effort to understand what they're talking about.
• 32:30
  Skewness is talking about asymmetry.
• 32:33
  So. So an investable asset that has
• 32:36
  a positive skew, has an asymmetrical return, which means
• 32:40
  that it has the the tendency to act independently of other
• 32:44
  market market participants or investable assets, which is
• 32:49
  something that you know, was popularized by both Marty
• 32:52
  Bennett and Anthony Pompleano starting back in 2017 when they
• 32:56
  both first got started on their whole kind of like rise to fame.
• 33:01
  The other point would be bliss. They were what?
• 33:04
  What they're meaning when they're talking about BLISS in
• 33:06
  this report is that BLISS is kind of like the the expectation
• 33:12
  of past returns continuing on into the future, which is
• 33:15
  something that a lot of us in Bitcoin also kind of like push
• 33:20
  out, right? Like past performance is not
• 33:22
  indicative of future returns. But when you're doing kind of
• 33:25
  like this portfolio forecasting, what else do we have that like
• 33:32
  to, to base our assumptions off of?
• 33:34
  And it's also that Bliss is also relying on kind of like the
• 33:37
  cycle theory which we all talk about like every, every bull
• 33:41
  market or every every like full halving cycle.
• 33:45
  We have a bull market and there's diminishing returns in
• 33:48
  each in each cycle, right. So they are still making the
• 33:51
  assumption that going forward the the following cycles will
• 33:54
  continue to have like returns that are comparable to the past,
• 33:58
  which we know is not necessarily true.
• 34:01
  But I'm off to you, I'm glad you brought this up because this is
• 34:03
  where I was going like we're like connected or something,
• 34:05
  it's like ESPN or something like that.
• 34:08
  But so in the blue and in the purple they they go in to talk
• 34:14
  about specifically the skewness that that asymmetry that I just
• 34:17
  described prior. And they they state they do it
• 34:21
  very, very cleverly. That at first they say that
• 34:24
  Bitcoin has a positive skew which sets it apart from hedge
• 34:28
  funds, high yield bonds and real estate.
• 34:31
  Those are all negatively skewed which means they are not
• 34:33
  asymmetrical, they tend to flow together.
• 34:37
  Later on in the purple they state that also what has a
• 34:42
  negative other assets that have a negative skewness for the
• 34:45
  asset classes include equity indices, government bonds,
• 34:48
  currencies and commodities. Meaning that Bitcoin is the only
• 34:53
  one that has an asymmetrical like price, action, market
• 34:57
  return. Like they could have just come
• 34:59
  out and said that, but by splitting it up in the way that
• 35:02
  they did, it makes it seem less impactful that Bitcoin truly is
• 35:06
  a unique asset. Wow, amazing.
• 35:13
  Yeah, Okay, I have. All right.
• 35:16
  Well, first and foremost, I think this does lead into the
• 35:19
  idea that we've been saying for a while that everyone needs to
• 35:22
  hold a little bit of Bitcoin, You know, now.
• 35:25
  Again, you know, it's it's kind of a theme that we touched on in
• 35:29
  the beginning with like don't sit for politicians and of
• 35:31
  course don't sit for Larry Fink and BlackRock or anything coming
• 35:34
  out of BlackRock. But I think the point still
• 35:37
  remains the same that once you have, you know, big name people
• 35:41
  endorsing Bitcoin, endorsing an 85% allocation to Bitcoin.
• 35:46
  The floodgates start to open up and every asset manager in the
• 35:49
  world, and we've been talking about this for a minute, is
• 35:51
  obviously scrambling right now to either catch up to the
• 35:54
  Bitcoin message, try to understand the Bitcoin message
• 35:57
  and I saw some some other information coming out of the
• 36:00
  Financial Action Task Board, I think it was.
• 36:04
  They are also scrambling to make some guidelines to understand
• 36:09
  what the hell is going on in crypto asset world.
• 36:11
  So maybe we'll cover that soon. But anyways, my point here is
• 36:15
  obviously comedic. Keeping things light.
• 36:18
  Well guys, you know what you can do now when you're orange
• 36:21
  peeling your normie friends out there, it's like BlackRock says
• 36:24
  that the complete and the best allocation to your portfolio is
• 36:28
  85% of Bitcoin. And I've been very, very, very
• 36:32
  conservative. I usually say 10%, but now we
• 36:35
  can lean on BlackRock and be like 85% is the ideal portfolio
• 36:39
  allocation. But anyways, before we continue
• 36:42
  to go on, Mike. You did come on a while ago and
• 36:47
  you were talking about this idea about what you think might be
• 36:51
  the reason that Larry Fink got orange pilled and it's coming
• 36:57
  from the oil and gas direction. And we have some more receipts
• 37:01
  on this. And I want to touch on this
• 37:03
  right now so that we can continue to give you the
• 37:06
  receipts and at least try to explain different ideas of why
• 37:10
  Black Rock might be. Going full in or not fool in,
• 37:14
  but endorsing Bitcoin, obviously we know they're Fiat Maxis.
• 37:17
  Let's let's get that out of the way.
• 37:18
  They're obviously Fiat Maxis. But as I've been saying as a
• 37:22
  joke, ESG or BlackRock and Larry Fink just came out and said that
• 37:27
  Bitcoin is ESG friendly and now we know why.
• 37:30
  Well listen to Mike a couple of months ago what was this Episode
• 37:33
  775. So I think that was like three
• 37:36
  weeks ago. Yeah, like 3 weeks.
• 37:37
  OK, here we go. July. 2121 days ago, 3 weeks
• 37:42
  ago. Listen to Mike Stradamus always
• 37:46
  ahead of the game, always seeing things that few are seeing.
• 37:49
  And then we got some other news stories that came out after this
• 37:52
  whole Black Rock stuff. So let's listen to Mike here for
• 37:54
  a second. It's one minute little clip and
• 37:56
  you can see where his thinking is and then we'll let Mike take
• 37:59
  the road on this one and not really.
• 38:03
  Listening to the very end of that interview about him saying
• 38:07
  something on the lines of decarbonizing oil and gas and
• 38:13
  embracing Bitcoin mining as well.
• 38:15
  So I don't know this is what someone was saying in the chat.
• 38:18
  This is me just trying to TLDR his position.
• 38:22
  I probably straw manned his position, but.
• 38:26
  Yeah, that's actually something that I actually wanted like I
• 38:29
  was I thought about commenting on, but there we didn't get to
• 38:32
  the topic. It's like I'm actually, I'm of
• 38:34
  the position that Larry Fink got orange pilled potentially by the
• 38:40
  oil and gas industry because if we are technically speaking
• 38:44
  Bitcoin mining does in a way decarbonize the oil and gas
• 38:49
  industry by consuming the flare gas like the excess vented and
• 38:52
  and wasted flare gas. So like there there is that kind
• 38:56
  of approach. But I'm sure that you guys would
• 38:58
  agree that that's probably not his entire like incentive or
• 39:03
  stated like motivation. Love it.
• 39:06
  So even when we get bullish, we're we're very skeptical.
• 39:09
  And anyways the reason I bring this up is because it's
• 39:12
  something that also got dropped. We haven't brought it up on the
• 39:15
  show and since we're talking about BlackRock, let's.
• 39:17
  You know, let's double down on this idea.
• 39:19
  Let's maybe even speculate a little bit on what's going on.
• 39:22
  And I have Mike here so he can flush this idea out.
• 39:25
  But recently, what was this date?
• 39:27
  July 19, So last week. BlackRock, obviously they've
• 39:32
  been very vocal in regards to ESG friendly and sustainability.
• 39:36
  Well, they just added a Saudi oil executive to its board.
• 39:40
  So let's get into this article for a little bit and then I'll
• 39:42
  give the the floor to Mike. So BlackRock, the world's
• 39:45
  biggest asset manager, said Monday it has appointed Amin
• 39:48
  Nasir chief executive oil giant Saudi Aramco to its board of
• 39:53
  directors despite the New York based firms pledge to accelerate
• 39:56
  investment in crime climate friendly companies.
• 40:00
  Here's the point where I tell you guys that Larry Fink has
• 40:03
  just come out and said that Bitcoin is ESG friendly and
• 40:06
  maybe it's because of oil and gas.
• 40:08
  Maybe it's because they're starting to realize that they
• 40:10
  can mine and make profits by hooking up Bitcoin miners to
• 40:14
  flared gas. I don't know.
• 40:15
  This is we we're reading into things, we're trying to connect
• 40:19
  the dots here. But anyways, Mike, you've been
• 40:21
  on this thread for a minute. So what's your thoughts on all
• 40:24
  this stuff? Is this why they are starting to
• 40:27
  change the tune? Like, what's going on here?
• 40:29
  Are they going full Bitcoin bullish or are they just
• 40:31
  following the Fiat leads? Yeah, so actually this is, this
• 40:36
  is, this is actually perfect that we're doing this today
• 40:38
  because yesterday afternoon I also was part of a spaces with
• 40:42
  the Tara Wolf team and Blake King and Max from Standard Power
• 40:49
  and Lisa Huff all join the conversation and they're funny
• 40:55
  enough for the like Gary Cardone, Grant Cardone's.
• 40:59
  Brother also was part of the conversation.
• 41:01
  He was involved in natural gas production back in back in the
• 41:06
  day and we were actually discussing this as well.
• 41:10
  One thing to bring up that I was not aware of, even that that
• 41:14
  Gary Cardone mentioned, was that when we think of the oil and gas
• 41:18
  majors, most of us think Shell, Exxon, BP, Chevron, Right,
• 41:23
  Conoco Phillips. But the biggest producers are
• 41:27
  the sovereigns. The sovereigns out in the Middle
• 41:29
  East like Iraq, Kuwait, Saudi Arabia, like these, like these
• 41:35
  like or like even going internationally like there's
• 41:38
  going to be like Venezuela, Brazil, like these.
• 41:41
  These are the ones that are making even more money.
• 41:43
  We just don't know about it because we don't get to see it
• 41:45
  because they're not public companies that are in the the
• 41:47
  American sphere. And I also I can, I can say
• 41:51
  anecdotally that with I, I can't say who.
• 41:55
  That I know of individuals or companies that are involved with
• 41:59
  being a part of the build out of bringing Bitcoin mining
• 42:02
  operations to the Middle East specifically for that reason.
• 42:07
  So there and there's there's also a concept to think about
• 42:12
  why? Because I actually wrote it down
• 42:15
  someone in the chat moonshine fuel.
• 42:18
  He had asked why is BlackRock doing this now?
• 42:21
  And the reason is to think about it this way.
• 42:24
  We we've already talked about the relationship with oil and
• 42:27
  gas and Bitcoin mining of consuming flare gas and and
• 42:29
  contributing to the ESG kind of like narrative, even though as
• 42:33
  Elaine said in the chat, the narrative is falling apart and
• 42:36
  it's evaporating. I I agree with that.
• 42:38
  But think about it in In this regard, we we just saw the
• 42:46
  report from BlackRock arguing the investment justification for
• 42:50
  Bitcoin as as a standalone asset.
• 42:53
  But Bitcoin itself, like we know, is not like you.
• 42:56
  You don't separate Bitcoin from Bitcoin mining and vice versa.
• 42:59
  They are one in the same. Bitcoin mining provides a it
• 43:07
  produces an investable asset that also provides a mechanical,
• 43:12
  industrial justification for consumption of energy.
• 43:19
  What other Ave. is there out there that's available today?
• 43:23
  Like with gold, does mining gold also provide like, the kind of
• 43:28
  return that the Bitcoin does? Does mining gold like, reduce
• 43:31
  carbon emissions? No.
• 43:34
  Does it justify? Does it give a justified
• 43:38
  justification for spooling up like any renewable source?
• 43:41
  Like we you can you can have the cringy position on renewable all
• 43:45
  you want. Like, I'm not a big fan of it,
• 43:47
  but I am a fan of diversified energy generation.
• 43:50
  Just to improve the resiliency of a society or or a grid.
• 43:54
  And one thing we discussed yesterday in that space is that
• 43:56
  I mentioned is that Bitcoin mining allows for the
• 44:00
  justification of say there is an environment where wind is a very
• 44:03
  consistent like resource. Like in the Midwest, like back
• 44:06
  in Iowa where I'm from, Bitcoin mining allows an Ave. of return
• 44:15
  that doesn't just rely on producing the power.
• 44:19
  During those demand times, because I can't remember the the
• 44:23
  term that was mentioned about wind, but there's kind of like
• 44:25
  what they call like a duck bill or something like that a
• 44:28
  response where you'll you have the wind power, but it's not
• 44:32
  always at the peak demand times for the grid.
• 44:35
  So like Bitcoin, mining allows for the consumption and the the
• 44:40
  justification and the return for these projects.
• 44:42
  To be able to build up, like to be able to build up and Purdue
• 44:45
  and produce power, provide power when it's necessary and then
• 44:48
  shut those miners down when the when the grid needs it.
• 44:51
  So I think I I I think that this is, this is really like the aha
• 44:55
  moment for BlackRock and Larry Fink.
• 44:57
  They're like, oh shit, this isn't just digital gold.
• 45:01
  Like this is something completely different.
• 45:04
  And then then you get into the the talking points that I like
• 45:07
  to talk about all the freaking time.
• 45:08
  Is that like that relationship that Bitcoin mining provides?
• 45:13
  That also allows for rapid, aggressive expansion of not just
• 45:17
  energy generation but infrastructure.
• 45:19
  Because I've mentioned it time and time again, is the American
• 45:22
  Society of Civil Engineers back in 2121 OR 22 stated that
• 45:27
  America's infrastructure and generation capacity is a C Plus
• 45:31
  rating like that's? That's not good.
• 45:35
  Like, you don't want that. Especially in a modernized
• 45:38
  information era where like we rely on power for everything.
• 45:43
  Like it. Like these aha moments, they
• 45:46
  have to be just completely blowing Larry Fink's mind to the
• 45:50
  point of where like you, you, you, I, I don't.
• 45:54
  Like. There's no justifiable argument
• 45:56
  against it. Like there is it.
• 45:58
  I don't. I don't like you have to do some
• 46:01
  serious gymnastics to claim that all of those points are
• 46:04
  negative. Yeah, 100%.
• 46:06
  And no matter what the corporate press, psyop campaigns like
• 46:10
  change the code want to say. I think now and for the last
• 46:14
  couple of years, there's irrefutable proof that Bitcoin
• 46:17
  mining is good for planet Earth and anyone that is
• 46:22
  environmentalists, anyone that's concerned about planet Earth and
• 46:26
  the future survival and the use of energy.
• 46:28
  At this point, I think there's so much evidence out there that
• 46:33
  Bitcoin mining is a must in every country and it's a benefit
• 46:37
  to humanity. And then of course, that's not
• 46:39
  even talking about the fact that you can save in something that
• 46:42
  can't be debased, censorship resistant.
• 46:44
  Money for the world that is going crazy on power, digital
• 46:49
  money for the digital world. I think it's becoming more and
• 46:51
  more clear to everyone out there that it only takes a few
• 46:54
  individuals to embrace Bitcoin for this thing to really get
• 46:58
  crazy. And again, I hate being the
• 47:00
  cliche bitcoiner, but this next bull market is setting up to be
• 47:05
  something that might be very, very special.
• 47:08
  Again, this time might be different, but what do we know?
• 47:11
  Stay humble, stacks that stay solvent.
• 47:13
  All we're doing is we're bringing you the receipts.
• 47:16
  And hey, people at BlackRock or maybe even Larry Fink himself
• 47:20
  are out here being more bullish than we are.
• 47:23
  I tell you guys, just be, you know, be conservative, save 10%
• 47:26
  of your paycheck, live, live within the 90% of your means and
• 47:31
  you will be good moving forward. And we, we have people,
• 47:34
  BlackRock saying, hey, you have an investment portfolio, it
• 47:36
  should be 85% Bitcoin like couldn't be making this up.
• 47:40
  This was not on my bingo card. Moving forward, having
• 47:42
  presidential candidates on both sides of the aisle being bullish
• 47:46
  on Bitcoin, we have, you know, the evil BlackRock asset manager
• 47:51
  embracing Bitcoin and you guys are still out here bearish and
• 47:54
  thinking that this next bull run isn't going to be different can
• 47:58
  be me. And it's it's important to,
• 48:00
  again, I think it's important to add a disclaimer to this.
• 48:03
  Every single time we talk about this whole BlackRock and Bitcoin
• 48:06
  ETF disclaimer or caveat or whatever.
• 48:13
  Just because they're providing an ETF does not mean that it is
• 48:18
  good for the average individual to be exposed to it, because
• 48:23
  they're going to be setting like.
• 48:25
  They're setting it up in the sense of like.
• 48:28
  You're gaining exposure to the dollar return, but they're going
• 48:32
  to be the ones holding the Bitcoin, so just keep that in
• 48:36
  mind. Like 100?
• 48:38
  Percent and I I think, I can't remember.
• 48:39
  I think it was. I think it was for an article
• 48:42
  for you guys or us. I'm part of the Simply team.
• 48:45
  I don't know why I keep doing that but I explicitly wrote that
• 48:50
  Larry Fink is inadvertently. He's explicitly.
• 48:56
  Providing serious support to the hoddlers because the the people
• 49:01
  that get the exposure to to the ETF, Yeah, cool, you got more
• 49:04
  dollars. Dope doesn't really mean a whole
• 49:07
  lot. But for the hoddlers that
• 49:09
  actually responsibly custody it, like that's that's power.
• 49:14
  Because then think about all the hoddlers internationally, like
• 49:19
  those that are down in El Salvador that have Bitcoin and
• 49:22
  their cost of living is significantly lower than the US.
• 49:26
  Mike, if this bull run does turn out to be something special,
• 49:32
  like it's shaping up to be, El Salvador and El Salvadorians are
• 49:36
  going to be in a wildly exciting position.
• 49:42
  Yeah, I love it. Okay Mike, playing a little
• 49:45
  devil's advocate, we have a wonder share.
• 49:47
  He's been in here being very skeptical saying that the leak
• 49:50
  or this time of the leak of this research paper is basically
• 49:54
  leading the ship sheet to the slaughter.
• 50:08
  Oh yeah, I forgot to plug that. It's expecting people to get
• 49:58
  over leveraged and then they can, I don't know, short the
• 50:01
  market or just get people wrecked.
• 50:03
  So first tell these people where you got the information and then
• 50:06
  what's your thoughts on this and we'll move into the.
• 50:10
  So the the the way I got this PDF was actually from a friend
• 50:15
  of mine on Twitter. His name's Alec Jones.
• 50:17
  And he shared it to me on Telegram through his he has a
• 50:20
  little group chat that he just started up and he literally
• 50:22
  started it up with this paper. I can't, I can't tell you where
• 50:26
  he got it from. I'm I'm not really too
• 50:30
  interested in that because it is online, Joe, Joe Burnett
• 50:36
  retweeted. So Alan Watts took one of the
• 50:38
  screenshots on Twitter and shared it, and Joe Burnett found
• 50:42
  the the online link to the actual, like research paper
• 50:46
  where it's published. So if you guys go look up his
• 50:48
  account, he has that and then if if you if you follow me and you
• 50:53
  don't want to necessarily do the work, just shoot me a DM and
• 50:55
  I'll send you the link and you can you can look it up for
• 50:57
  yourself. What was the other question that
• 51:01
  you asked Larry Fink leading the sheep to the center?
• 51:06
  He certainly could be like I like I there, and that's another
• 51:10
  reason why guys like myself and the King go we we try to like.
• 51:15
  Really pushed forward. It's like guys, you can be
• 51:17
  bullish all you want, but you got to you, you have to have big
• 51:19
  manager exposure. Like you have to be smart about
• 51:22
  it. Like you have to stay solvent
• 51:24
  because there there is the like because like I'm still in the
• 51:26
  position. I'm not listening to any of
• 51:28
  these talking heads or Furus on Twitter saying that there's like
• 51:32
  especially with what Fed Powell said yesterday, oh, we're no
• 51:35
  longer projecting or forecasting A recession.
• 51:37
  It's like, OK, that's what you guys said before 2008.
• 51:40
  Great. You're making me really fucking
• 51:42
  optimistic. But there there is still the the
• 51:46
  potential or the likelihood that they're trying to set up for
• 51:49
  like some sort of like liquidity squeeze to fill up short
• 51:52
  positions and then like we go into a recession and they make
• 51:54
  boatloads of money and steal everybody's Bitcoin or something
• 51:57
  like that, Like that is possible.
• 51:59
  I'm not saying it's not. That's also why I'm not saying
• 52:02
  put all your money into Bitcoin right now and follow their like
• 52:05
  what they're saying and go 85% because that doesn't make sense.
• 52:09
  Like the the whole the whole game for this, the whole game
• 52:12
  for the Bitcoin story. Is surviving long enough as the
• 52:16
  destruction of the dollar continues.
• 52:18
  That's the game, 100%. We are in the great transition
• 52:24
  and as we can tell and as we if you're on Bitcoin Twitter, you
• 52:27
  you hear this all the time. It is 11th grade math and they
• 52:30
  have to continue to print money. Now do we know when the the
• 52:35
  music stops? No.
• 52:36
  But we have the tools today to protect ourselves and it's about
• 52:40
  having more and more people hold Bitcoin.
• 52:42
  It's about being awake. It's about understanding what
• 52:44
  the game is. And hey, if Larry Fink is
• 52:47
  embracing Bitcoin, just make sure you stay humble, you stack
• 52:50
  stats, you stay solvent if they're trying to catch you guys
• 52:54
  off guard, catch you guys getting over leveraged.
• 52:57
  Well again guys, that's why we tell you all the time, stay
• 53:00
  humble, do not over leverage yourself.
• 53:02
  Make sure you are in a position to pay your bills, pay your
• 53:05
  rent, eat food, and your excess and profits are in Bitcoin.
• 53:09
  Real quick, Robert Vermouth in the chat brings up a really good
• 53:11
  point. The ETF does settle in Bitcoin,
• 53:13
  yes, but it's literally no different than an exchange.
• 53:17
  It's got more, it's got more friction points of getting that
• 53:20
  Bitcoin to you. So just keep that in mind.
• 53:23
  It can settle in Bitcoin but you're you have multiple more
• 53:26
  steps than it's it's in my opinion it's arguably worse than
• 53:30
  having your Bitcoin on on a coin base right now.
• 53:33
  Like so like I would not recommend it.
• 53:36
  Yes, as vague said into the chat, guys survive till hyper
• 53:39
  bitcoinization. Don't get stupidly bullish.
• 53:42
  You got to protect your neck, guys.
• 53:43
  Protect yourself first. Protect your family.
• 53:45
  This is about stacking for the long run.
• 53:47
  Lower your time preference. Delay gratification.
• 53:49
  Yes, we are seeing a lot of bullish signals.
• 53:51
  Yes, the Bitcoin conversation is going mainstream, but it still
• 53:55
  doesn't change the fundamental process of stay humble, stack
• 53:59
  sad, stay solvent. This is the way guys.
• 54:01
  We beat this over and over and over and we repeat it and you
• 54:03
  guys get mad at us. But new people are coming in and
• 54:07
  some of you guys get overly greedy and we are going into a
• 54:10
  bull run. Having's 9 months away.
• 54:12
  You can't convince me otherwise. I'm starting to feel that
• 54:14
  tingle. It's it's starting to get frothy
• 54:17
  out here. Anyways, let's get into the
• 54:18
  culture cuz we went extremely long today.
• 54:24
  The Daily Culture. Brought to you by Swan
• 54:27
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  Visit swanbitcoin.com today. OK, of course one last plug
• 54:51
  guys. Make sure you guys get to
• 54:54
  Pacific Bitcoin Festival. October 5th through 6th.
• 54:56
  This year, 2023. If you're on the West Coast, you
• 55:00
  can't make it to Miami. Get to Pacific Bitcoin Festival.
• 55:03
  We will be there. We'll be hanging out in LA.
• 55:05
  October is the best time to be on the West Coast.
• 55:08
  I'm from the West Coast, I'm a so cowboy and October is when
• 55:12
  the real summer happens. Anyways, get yourself a general
• 55:14
  minish ticket, a general admission ticket.
• 55:16
  As you can tell, the prices are increasing on everything, so you
• 55:20
  want to get them today. This is why we tell you guys to
• 55:21
  get them now because you guys will complain later.
• 55:25
  General Admission tickets $600.00 The VIP Tickets $2900.
• 55:29
  We will be in LA hanging out at the hangar October 5th through
• 55:33
  6th 2023. Okay guys, this one shouts out
• 55:38
  to my boy. I I don't even know what your
• 55:40
  name is. Opti Field E Boy Ice Cream Yum
• 55:43
  Yum Lick Lick. That's his latest name.
• 55:45
  I think he keeps telling me to talk about coin joints, whether
• 55:51
  that is Join Market or Samurai or even some of you guys still
• 55:55
  love and fight for Wasabi out there.
• 55:57
  And I just wanted to bring up this story today cuz this is a
• 56:01
  story that I've been seeing for a while and we got this new
• 56:04
  article out here and we got a new development on this.
• 56:07
  And I absolutely love this article.
• 56:10
  It really makes me feel good because anytime we can make fun
• 56:13
  of Chain Anal, I mean chain analysis, I love to do it.
• 56:17
  So shouts out to Lola Leetz for writing this article for Coin
• 56:21
  desk. She's a great privacy advocate
• 56:23
  on Twitter and I highly recommend you follow her and
• 56:26
  she's a savage and and she's really about it and I I love her
• 56:29
  for this. Anyways, this article over here
• 56:31
  on Coin Desk is headline entitled Chain Analysis
• 56:35
  Investigations Lead is Unaware. In quotes of scientific Evidence
• 56:40
  The surveillance software works. So renowned lawyer Tor Ecklands
• 56:44
  is poking holes in the US government's case against
• 56:46
  alleged Bitcoin fog creator Roman Sterling off by poking
• 56:50
  holes in chain chain analysis. Forensics privacy advocate Lola
• 56:54
  Leeds. Right, So Elizabeth Bisbee, head
• 56:57
  of investigations at Chain Analysis Government Solutions,
• 57:00
  testified that she was unaware of scientific evidence for the
• 57:03
  accuracy of Chain Analysis Reactor software used by law
• 57:06
  enforcement. An unreleased transcript of June
• 57:10
  23 hearing shared with Coin Death shows.
• 57:12
  So getting into this article and giving you guys just the meat of
• 57:15
  the article, Frisbee was testifying in a case between the
• 57:18
  US government and roaming Sterling off the alleged creator
• 57:22
  of the once popular Bitcoin fog cryptocurrency mixer used to
• 57:25
  anonymize Bitcoin transactions. Chain Analysis Reactor software
• 57:29
  was used to track cryptocurrency payments and Sterling Gov's
• 57:32
  criminal investigation and is now being challenged by Sterling
• 57:36
  Gov's defense. Sterling Off is represented by
• 57:38
  Eklin, who has made a career out of defending hackers and
• 57:41
  technology providers. Eklin said Chain Analysis
• 57:45
  Reactor is a quote black box box algorithm that relies on junk
• 57:50
  science. In a hearing aimed to establish
• 57:52
  the admissibility of expert testimony, Bisbee was pressed
• 57:56
  for details on the accuracy of the reactor.
• 57:58
  Software chain analysis sells to governments for law enforcement
• 58:02
  purposes, including what evidence the company has that
• 58:04
  suggests it works. Anyways.
• 58:06
  Brisby said she who was unable to provide the court with
• 58:08
  statistical error rates for Chain Anals reactor software.
• 58:12
  She further denied being aware of any scientifically peer
• 58:15
  reviewed papers or anything published anywhere attesting to
• 58:19
  the accuracy of Chain Anals reactor.
• 58:21
  Instead, Chain Anal reportedly judges its software accuracy
• 58:25
  using customer feedback, and BRISBY statements are in line
• 58:28
  with a blog post published by competitors Coinbase, which
• 58:31
  describes blockchain analytics as more of an art than a
• 58:34
  science. Coinbase offers blockchain
• 58:36
  analytics services to law enforcement via its Tracer
• 58:39
  Software for Chain Annals part, the company noted in a July 18th
• 58:42
  court declaration. There is no doubt about the
• 58:44
  reactor software's findings, although not peer reviewed, is
• 58:47
  an academic sense. The company's clustering
• 58:50
  heuristics, The algorithm used to find relationships between
• 58:53
  blockchain addresses, comes to deterministic conclusions that
• 58:56
  can be independently verified and reproduced, The same
• 58:59
  statement noted. The company's unaware of margins
• 59:02
  of error rates for the reactor software, and it has not
• 59:04
  gathered and recorded false positives and negative rates for
• 59:08
  its software. Overall.
• 59:09
  Anyway, I brought this article up today because it really just
• 59:14
  goes to show that the heuristics that, you know, government
• 59:18
  agencies are using to track the Bitcoin networks are in many
• 59:23
  senses broken as they, as we showed today, you know,
• 59:25
  deterministic. It's more of an art than
• 59:27
  science. And the reason I brought this up
• 59:30
  today, and the reason is part of the culture, is because my boy
• 59:32
  in the chat opties field something, something, something.
• 59:35
  He always trolls me. He constantly tells me that
• 59:38
  every time I bring up wallets, give you guys the best practices
• 59:42
  of running your own node, taking Bitcoin into self custody, that
• 59:45
  it's never finally fully secured unless you are not coin joining
• 59:50
  that coin. Now that might be a hot take.
• 59:52
  I don't necessarily agree to many extent, but the point
• 59:56
  remains the same. As we've been showing, and as we
• 59:58
  continue to show, the heuristics out there are broken.
• 1:00:02
  And if you want to help preserve privacy, coin join your coin
• 1:00:06
  using join market MRI wallet Whirlpool.
• 1:00:10
  And a lot of people love wasabi. I know, I know, Nico's not a fan
• 1:00:13
  of wasabi, but the tools are out there and I'm not a privacy
• 1:00:17
  advocate by all means or a privacy expert by all means.
• 1:00:20
  I'm a privacy advocate and I highly recommend you guys use
• 1:00:23
  the coin joining techniques the the software that's out there.
• 1:00:27
  Because if they are acknowledging themselves that
• 1:00:32
  their heuristics are broken, well let's break them more.
• 1:00:36
  Coin join your coin, make sure you're part of the circular
• 1:00:39
  economy. Make sure you're coin joining
• 1:00:41
  your coin, putting it into lightning nodes, lightning
• 1:00:44
  channels so that we can continue to win on the privacy front.
• 1:00:49
  Yes, Bitcoin is a pseudonymous Ledger.
• 1:00:51
  Yes, everything is public. But sending this coin, making
• 1:00:56
  sure it never touches an exchange coin, joining that and
• 1:01:00
  continuing to flood the circular economy with more and more
• 1:01:03
  Bitcoin so that more and more jumps are in between your KYC
• 1:01:07
  Bitcoin and exchanges and your identity.
• 1:01:10
  I think this is this is the way continue to spread that signal
• 1:01:14
  guys whether you've tried coin join or not, whether you believe
• 1:01:17
  in coin join or not. I think right now is the time
• 1:01:20
  for you guys to experiment a little bit.
• 1:01:22
  Don't don't, you know mix your whole stash.
• 1:01:24
  Be smart out here be tactical. But the point of today is chain
• 1:01:29
  Anal by their own admission doesn't even work and now we
• 1:01:35
  have it in the courts in a in a paper showing that they
• 1:01:39
  understand that the it's just deterministic that it it's more
• 1:01:43
  art than science and you know perhaps out the sterling
• 1:01:46
  sterling off of Bitcoin fog it seems like he may be innocent
• 1:01:51
  and maybe they got the wrong guy.
• 1:01:53
  I don't know I'm just speculating but the point
• 1:01:56
  remains the same. You want good UTXO hygiene right
• 1:02:00
  now. If you are buying KYC Bitcoin,
• 1:02:03
  make sure you're obviously getting your Bitcoin into a
• 1:02:07
  wallet that is KYC free. And then further, if you want to
• 1:02:11
  preserve your privacy more than think about using the coin joint
• 1:02:15
  implementations, whether it's Join market, whether it's
• 1:02:17
  Whirlpool from Samurai, whether it's Wasabi Wallet.
• 1:02:21
  Again, I don't know what's the best tools out there.
• 1:02:24
  I know there's a big privacy war, but the tools are there I
• 1:02:29
  think. I think if you're want to be
• 1:02:30
  conservative then use join market, even though it's a
• 1:02:32
  little more clunky. Hey, I always recommend Sparrow.
• 1:02:37
  Sparrow has Whirlpool implementations in there.
• 1:02:39
  Yes or no? There's there's contention with
• 1:02:41
  Samurai and all that good stuff. But let's break these
• 1:02:45
  heuristics. Continue to spread Bitcoin in
• 1:02:47
  the secure economy. If you are so inclined, use coin
• 1:02:51
  join. And let's further break these
• 1:02:53
  heuristics because fuck the government, all right, What's
• 1:02:59
  your thoughts on this? I do have another news story,
• 1:03:00
  but it it we're getting a little long so I I got to shorten this
• 1:03:03
  one up. Yeah, I don't.
• 1:03:05
  I don't really have much to add. My my stuff has been sitting in
• 1:03:08
  a hardware wallet since like 2019.
• 1:03:11
  So like I'm. And none of this coin joining
• 1:03:14
  stuff had come out like at that time, at least that I hadn't
• 1:03:17
  seen. So I'm not.
• 1:03:20
  I'm personally not of an opinion to risk that stack, to try and
• 1:03:25
  coin join it and move it elsewhere like I'm I'm just
• 1:03:28
  leaving it in cold storage and not touching it.
• 1:03:31
  Yeah, I think there's something to be said about that guys.
• 1:03:35
  I know, I know, we say it all the time.
• 1:03:39
  There's a lot of people on Bitcoin Twitter that'll tell you
• 1:03:41
  what to do with your money, but also be smart here, make sure
• 1:03:44
  that you think about all consequences.
• 1:03:46
  Yes, maybe you want some money that's private, but also on that
• 1:03:50
  same frame, maybe you want to make sure that that KYC Bitcoin
• 1:03:54
  is stays KYC if you ever want to use it to buy a house or
• 1:03:57
  whatever. Like, just be smart out here.
• 1:04:00
  If you wanted to go full cipher punk, by all means.
• 1:04:04
  The tools are here. We'll never tell you what to do,
• 1:04:06
  but I think it just further proves the idea.
• 1:04:09
  And I bring up this article all the time.
• 1:04:10
  It's one of Beauty On's article. I know Mike gives me shit for
• 1:04:14
  it, but he's got this article. It's.
• 1:04:16
  I forget what it's called, but it's like Bitcoin and Conway's
• 1:04:19
  Game of life. Anyway, the TODR is is we are
• 1:04:22
  the sacrificial lambs right now. We are The Pioneers of this
• 1:04:25
  network, and on a certain long enough time frame, the circular
• 1:04:30
  economy of Bitcoin will be untrackable.
• 1:04:32
  They won't be able to control or track every wallet transaction.
• 1:04:37
  And This is why it's so important to get more and more
• 1:04:39
  people holding Bitcoin, holding Bitcoin in wallets that they
• 1:04:42
  control, getting Bitcoin off the exchanges, and continuing to
• 1:04:46
  spread the circular economy. Buy things with your Bitcoin.
• 1:04:50
  Don't be afraid of it. It is good.
• 1:04:53
  It is money. It can go around the world.
• 1:04:55
  You can send it easily. You can send Bitcoin easier.
• 1:04:58
  Then you can send it through a bank.
• 1:05:00
  And this is a feature not a bug. So I just wanted to highlight
• 1:05:03
  this. The options are there for the
• 1:05:05
  newer people, don't risk your whole stack.
• 1:05:07
  But if you have these privacy concerns there is coin join guys
• 1:05:12
  and you know again join market Samurai wallet and even some
• 1:05:17
  people say wasabi. I I I stopped using wasabi.
• 1:05:21
  But hey I haven't I haven't coin joined some coin in a minute.
• 1:05:25
  So now I might have to brush up my coin joining implementations
• 1:05:30
  and get out here. Anyways we're running light so
• 1:05:32
  let me get into the memes because this is all you come
• 1:05:35
  for. You only come for the memes.
• 1:05:36
  Oh wait actually actually sorry before before I do that I almost
• 1:05:41
  forgot to talk about our boys over at the orange pill app.
• 1:05:45
  Guys I tell you this all the time and shouts out to everyone
• 1:05:47
  that gives me love on the Orange Pill app.
• 1:05:50
  I really appreciate it really means a lot and shout out to the
• 1:05:53
  few people that told me that they are the lone bitcoiner in
• 1:05:56
  the area. I I really feel for you guys
• 1:05:59
  because I remember when I was the crazy bitcoiner in my own
• 1:06:02
  area, but now I'm surrounded by bitcoiners and I couldn't be
• 1:06:05
  happier. I couldn't feel like I'm
• 1:06:06
  thriving more. But if you don't have bitcoiners
• 1:06:09
  in your area, get on the Orange pill app.
• 1:06:12
  Stack friends who stack sats. If you seem to be the only
• 1:06:15
  bitcoiner in your area, create an event and try to get in touch
• 1:06:18
  with other bitcoiners. There's a lot of different
• 1:06:21
  things you can do on the app. You can send zaps, you can
• 1:06:23
  comment with people, you can get in touch with people when you're
• 1:06:25
  traveling, but get you need to build a local Bitcoin community.
• 1:06:30
  This is the way. This is how we change the world,
• 1:06:32
  starting from the ground up. So get on the Orange Pell app
• 1:06:35
  stack, friends who stack Sats. But let's get into the meme
• 1:06:37
  review, The daily meme review. Brought to you by Kaboom Racks.
• 1:06:45
  I get this question all the time.
• 1:06:46
  Nico, where should I buy Bitcoin miners?
• 1:06:49
  The answer is Kaboom racks. It's the best place to buy
• 1:06:52
  Bitcoin miners. That's where you're gonna find
• 1:06:54
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  got to go to T dot me slash kaboom racks.
• 1:07:02
  Join their Telegram group and start your mining journey today.
• 1:07:06
  Kaboom Racks. Wait guys, hold on, hold on.
• 1:07:10
  Shout out to Mclovin Opti, You're still crazy.
• 1:07:16
  Yes, I know, I know. I am crazy.
• 1:07:18
  Anyways, this is the meme. Review your favorite portion of
• 1:07:21
  the show where you send us memes on Twitter.
• 1:07:23
  Tag me at Simply Bitcoin TV or at Optimist Fields.
• 1:07:27
  Whatever you guys want to do. I will scroll through them, I
• 1:07:31
  will drop them in our show notes and I will try to get them on
• 1:07:34
  the show. Some of them are a little spicy.
• 1:07:36
  I I do my best to keep this a little PG, maybe PG13, so you
• 1:07:41
  know, keep that in mind. Nico gets mad at me because
• 1:07:44
  we're trying not to nuke our channel, but drop your meme
• 1:07:47
  review store in the chat and I will review them live.
• 1:07:53
  But of course tweets of the bullets memes of the artillery,
• 1:07:55
  We are in an information war. It is important to spread that
• 1:08:00
  signal to get the calls of action out there.
• 1:08:02
  To wake up your normies bit by bit.
• 1:08:04
  Make palatable little meme torpedoes so that people start
• 1:08:08
  to wake up so you incept the ideas that we know and love.
• 1:08:13
  And then of course ridicule the corporate press and make some
• 1:08:15
  funnies so that your friends head stay in the game.
• 1:08:19
  Anyways, drop your meme review chat over there or meme review
• 1:08:22
  score in the chat and we will cover it live.
• 1:08:25
  Okay this first one. I'm not totally sure how I feel
• 1:08:29
  about this one. Kim I you told me you were going
• 1:08:33
  to make this one in the chat yesterday, but in hindsight it
• 1:08:37
  feels a little iffy. Anyways, I'm going to put it up.
• 1:08:40
  Anyways, this is Kim Gage and he goes Reverend Fields.
• 1:08:44
  Here's Confessions from a young Peter Schiff Hashtag Bitcoin.
• 1:08:49
  And this is cuz I was talking about Spencer Schiff and Peter
• 1:08:52
  Schiff yesterday and I just, you know, did the same obvious
• 1:08:55
  thing. I'm giving you guys some
• 1:08:56
  positivity. Anyways, we got a little kid
• 1:08:58
  here. I'm guessing it's Peter Schiff.
• 1:08:59
  He goes. I thought about buying gold
• 1:09:01
  again, Father. And I'm the reverend.
• 1:09:03
  And it goes, ah, Peter Gold. Peter Gold is a wily temptress.
• 1:09:07
  But we must stacks. Wait, stay humble and stack sets
• 1:09:11
  and stay humble. And look at Reverend Fields over
• 1:09:14
  here. Oh, man.
• 1:09:16
  All right, I'm not even going to go into why this one feels a
• 1:09:18
  little iffy, but you already know the deal.
• 1:09:20
  All right, This next meme is by at Staunch Orange, and he just
• 1:09:24
  tagged me Optimist Fields Meme Review.
• 1:09:26
  And we got Homer. And what's the I forget what the
• 1:09:29
  guy's The neighbor's name is Flanders.
• 1:09:32
  We got Homer and Flanders skiing and Flanders goes, hey Homer, do
• 1:09:36
  you know what your shit coin is backed by?
• 1:09:39
  And Homer looks, I'm like what? And Flanders just smiles, goes
• 1:09:42
  nothing at all. And then Homer over here is just
• 1:09:45
  cringing because Flanders is right and your shit coin is back
• 1:09:47
  by nothing. It is absolute trash.
• 1:09:50
  There's Bitcoin in there is shit coin.
• 1:09:52
  What's the second best? There is no second best.
• 1:09:54
  OK, OK. This next meme is by Greg Zage
• 1:09:58
  and he goes Bitcoin don't give AF and we have the Bitcoin logo
• 1:10:03
  or green BLOB. It's going through or it's it's
• 1:10:07
  encapsulated in a square and it's 30 K and then the number
• 1:10:11
  goes up and it goes 31K and then the BLOB just gets absolutely
• 1:10:16
  devastated with the punch and it says 29 K And then the Bitcoin
• 1:10:21
  price. The Bitcoin market just smiles
• 1:10:24
  with Glee and he goes, is that all you got motherfucker, we are
• 1:10:27
  out here. Doesn't matter what you do to
• 1:10:30
  Bitcoin, Bitcoin is still here. Number goes up.
• 1:10:32
  This is the way, OK. This next one is by having party
• 1:10:35
  aka and having party MF on Twitter.
• 1:10:38
  And this is for all you guys out there with no girlfriends that
• 1:10:42
  are getting neglected and rejected.
• 1:10:44
  It's OK. This one will will be manifested
• 1:10:47
  in time anyways. We got a girl here crying.
• 1:10:49
  We got an E girl here crying. And it goes.
• 1:10:52
  When you hear that that guy you placed in the friend zone is a
• 1:10:55
  whole corner. Let's go.
• 1:10:57
  There's hope for you guys still. OK, this next meme is by Maxi's
• 1:11:01
  Club and it goes 466. Accept it and we have a Bitcoin
• 1:11:04
  Zen Pepe over here and it goes. If it can be destroyed by
• 1:11:07
  Bitcoin, it deserves to be destroyed by Bitcoin.
• 1:11:10
  And it opens up its eyes and it's got laser eyes.
• 1:11:12
  This is the way. Okay this next one.
• 1:11:14
  It's just a progression of the market.
• 1:11:17
  This is where we are guys. You know, I try to do my best to
• 1:11:20
  avoid putting charts on the show, but it's a meme, It's a
• 1:11:24
  good meme. Anyways, we got this meme here
• 1:11:26
  by the rational route and it goes having progress. 81%
• 1:11:30
  hashtag Bitcoin. And you can see historically,
• 1:11:33
  the Bitcoin price after the having, 81% after the having.
• 1:11:38
  And it looks like we are right on time.
• 1:11:41
  Everything is going just as planned.
• 1:11:44
  So what do we got? What's usually a couple of
• 1:11:47
  months, Couple of months going into the having?
• 1:11:49
  I guess this is what like nine months?
• 1:11:51
  Anyways, historically it looks very similar.
• 1:11:54
  You know the price history doesn't repeat, but it rhymes
• 1:11:58
  and we are fully in line to repeat the cycles of the past or
• 1:12:04
  at least the the basic form of the cycle.
• 1:12:06
  So if this is your new, if this is your first cycle, just buckle
• 1:12:11
  in. Stay humble.
• 1:12:12
  Stacks that stay solvent, make sure you make it through
• 1:12:14
  hyperbitconization. Do not get over leverage, just
• 1:12:18
  keep stacking stats. Keep learning.
• 1:12:20
  Keep troubling down on your UTXL hygiene.
• 1:12:24
  You know, get a wallet that you control, whether that's a mobile
• 1:12:27
  wallet, whether that's moving into a hardware signing device,
• 1:12:30
  whether that is running your own node like Bitcoin Core or
• 1:12:33
  Electron, whatever. Now is the time.
• 1:12:36
  This is the calm before the storm, but as you can come see,
• 1:12:38
  it looks like we're going to be crab marketing guys, so you
• 1:12:41
  might have. Imagine that, Yeah, imagine
• 1:12:43
  that. You might need to stack them
• 1:12:45
  Sats and hit. You're stacking goals before the
• 1:12:48
  having them. Before we go into the leg up of
• 1:12:52
  the bull run. Anyways, this last meme is by
• 1:12:54
  our boy Take the ride, aka Nate under score, Hudson under score
• 1:12:58
  on Twitter. And we have a Jerry here in a
• 1:13:00
  car and this is all the normies out there.
• 1:13:03
  This is why he makes Jerry be the quintessential normie and
• 1:13:07
  we've got Jerry driving his car from Rick and Morton, He goes,
• 1:13:09
  Your money is fake. Your food and water are being
• 1:13:12
  poisoned. All these wars are based on
• 1:13:14
  lies. Your country is run by a bunch
• 1:13:16
  of and you're all too distracted by bullshit to do anything about
• 1:13:20
  it. He's man.
• 1:13:26
  It really, it really is mind blowing that this is the way
• 1:13:29
  that this is the truth of the matter.
• 1:13:31
  Everything is fake guys. This is why we are bitcoiners.
• 1:13:34
  This is why we double down on Bitcoin.
• 1:13:35
  Because the only pure signal in the world is Bitcoin, man.
• 1:13:38
  I gotta, I gotta say real quick that the chat has really sucked
• 1:13:41
  at putting down their meme scores.
• 1:13:43
  Oh yeah. You're supposed to put it down
• 1:13:44
  now. I literally had the the the
• 1:13:47
  ticker on there the whole time. So you guys can do it, Okay.
• 1:13:50
  But now they'll they'll get to it now.
• 1:13:52
  They'll get to it now. My mean review score is this
• 1:13:57
  bimetal saw the wall saw they. The only reason this is my mean
• 1:14:04
  review score is because shouts out to all Rick.
• 1:14:07
  It came with my declaration of monetary Independence
• 1:14:12
  physically. So this is a salt came.
• 1:14:16
  I don't know what it's for. It might be to trim the wood.
• 1:14:19
  I'm I'm unsure but it came with it.
• 1:14:22
  I honestly thought. I honestly thought this was like
• 1:14:25
  something that you hang up and but no.
• 1:14:27
  I realized yesterday that it's a saw.
• 1:14:29
  It was. Why did you ask him why he sent
• 1:14:34
  you that? No, I didn't even I just like.
• 1:14:36
  OK, I have a saw now. OK, I'll find good use for this.
• 1:14:42
  My meme rescore is I'm going to meme review score, not meme
• 1:14:46
  rescore. I'm going to throw a little bit
• 1:14:50
  of history into the into the conversation is an old iPod
• 1:14:54
  Touch that I still have. For those that enjoyed these,
• 1:14:58
  they. They looked exactly like an
• 1:15:01
  iPhone, but they were not the same thing back when you didn't
• 1:15:04
  have the music on the iPhone yet.
• 1:15:06
  Amazing. It's almost like you're
• 1:15:10
  foreshadowing that we haven't found the killer out for Bitcoin
• 1:15:14
  yet and bitcoin's about to go mainstream, just like the
• 1:15:16
  iPhone. All right, guys, so you're
• 1:15:18
  dropping as you're dropping your meme review, score, chat, meme
• 1:15:21
  review. In the score, we're going to
• 1:15:24
  cover the NATO guys. You need to run a node.
• 1:15:28
  I don't have a physical one. Nico has the physical Natos.
• 1:15:32
  But scan the QR code and you can come over here to NATO dot EU.
• 1:15:35
  Get yourself a NATO to the big bad boy for $1000.
• 1:15:39
  Or get yourself a nice red NATO Dojo.
• 1:15:41
  If you want to coin join It's got Samurai on there.
• 1:15:44
  Or get yourself a NATO one. Cheapest 1.
• 1:15:47
  Still giving you guys what you need.
• 1:15:48
  They're ready. Made set to go.
• 1:15:51
  This is the way, guys. I don't care how you run a node,
• 1:15:54
  obviously. If you want a really cool shiny
• 1:15:56
  red one like this one that stands alone, that's sexy.
• 1:16:00
  That is a point of conversation in your house.
• 1:16:02
  Get yourself a noddle. But you need to run a node.
• 1:16:06
  Verify these transactions for yourself.
• 1:16:08
  Stop trusting people. This is not the way.
• 1:16:11
  This is the whole point of Bitcoin.
• 1:16:12
  You don't have to trust people. Scan the QR code right here as I
• 1:16:15
  get to these meme review stores and we cover meme review source.
• 1:16:22
  All right, guys, I don't have music yet, but we're working on
• 1:16:27
  it. We're working on the intro and
• 1:16:28
  we're working on the music for you guys because we know you
• 1:16:30
  love the music. And let's see, Okay, we got a
• 1:16:34
  bunch in here. Okay, it's not all right.
• 1:16:36
  We gotta delay a little. Sometimes you gotta call them
• 1:16:39
  out a little bit. We gotta delay a little bit.
• 1:16:41
  OK, 1st meme review score is by Hammer Saw and it says I give
• 1:16:45
  those memes a nectarine that looks like the BTC logo.
• 1:16:48
  Let's go. OK, this next meme.
• 1:16:51
  Let me see. I'm not gonna have to filter.
• 1:16:53
  OK, Mclovin meme score optis Gen. mod fun goes parabolic In
• 1:16:58
  Sync with the BTC bull ride. Yes guys.
• 1:17:01
  I told everyone in the chat or in spaces.
• 1:17:04
  I did add some mod privileges. I will give some more people mod
• 1:17:07
  privileges. I'm just give me some time.
• 1:17:11
  I I can only do so much while I'm no time.
• 1:17:14
  I know I tried to you know if you guys show up every single
• 1:17:18
  day. I know some of you guys show up
• 1:17:19
  every single day. There's a couple wild cards that
• 1:17:22
  I don't know if I can trust you to be mods yet, but I'm giving
• 1:17:25
  mod access so that we can keep our chat clean.
• 1:17:29
  As more and more people come in it's hard for me to you know,
• 1:17:32
  watch everything going on as we're going live.
• 1:17:34
  So mod acts is coming to some of you guys and I gave a few
• 1:17:38
  already. Anyways, the P Man van goes.
• 1:17:40
  I give those memes 2,000,000 sats gold stored in 2017.
• 1:17:45
  Never stop. Let's go.
• 1:17:47
  OK. This next one.
• 1:17:49
  Elaine score Bitcoin is the wiliest temptress once you know,
• 1:17:53
  you know. Bless you stackers.
• 1:17:54
  Yes, this is the way Hoddle coin.
• 1:17:57
  I give those memes a cold, sleepy Utxo F you think?
• 1:18:02
  All right, OK, let's go. Utxo says.
• 1:18:06
  I give these memes my 14 inch saw blade.
• 1:18:08
  Let's go blade. Maxis.
• 1:18:11
  OK, we throwback skip on down the road 8 out of 11/8 out of
• 1:18:17
  11. That's the score.
• 1:18:18
  OK, P man, Van says. We see the memes before the
• 1:18:21
  score. No, Drop the score before the
• 1:18:24
  me. Wait, girl, drop this.
• 1:18:25
  Yeah, whatever. This next one.
• 1:18:28
  Sat wise Jan XI give these memes in 85% BlackRock Bitcoin
• 1:18:32
  allocation. Let's go.
• 1:18:34
  OK, a few more. A few more.
• 1:18:35
  I rate these memes. A pound of centimeters and 84
• 1:18:38
  feet and 9 inches. I don't know.
• 1:18:40
  I don't know what that means, but doesn't make sense.
• 1:18:43
  But shout out to you, Mr. Potato, I give these memes a big
• 1:18:47
  cup of orchata. Let's go.
• 1:18:49
  OK, OK, A couple more. A couple more.
• 1:18:54
  Jose S bam. These memes are worth half of a
• 1:18:56
  Black Rock. OK, let's see.
• 1:19:00
  Hold on. Can I say this one?
• 1:19:01
  Yes, I can. Opti Fields Not gonna say the
• 1:19:05
  name. G Modder says score my metal
• 1:19:08
  seed plate. Surviving the ultimate
• 1:19:10
  durability test. Augustus Carson sitting on it.
• 1:19:13
  OK, let's go. All right.
• 1:19:16
  Randmore score equal. Opti doesn't know hacksaw.
• 1:19:20
  Oh, is that what it is? A hacksaw.
• 1:19:22
  All right. Hacksaw.
• 1:19:23
  All right. That you know it is what it is.
• 1:19:27
  Let's see. Wait, I'm getting one more.
• 1:19:29
  One more. Last one.
• 1:19:30
  Rate the elevator. I scored the memes.
• 1:19:32
  A $15 mod wrench attack. All right, all right, all right,
• 1:19:37
  let's go. I see.
• 1:19:39
  I see there's some contention, some contention on mods.
• 1:19:43
  I will add a few of you guys to the mods.
• 1:19:45
  Don't worry, I got you. Let's see.
• 1:19:48
  Wait, I'm getting roasted in the job anyways.
• 1:19:50
  Anyways, yard in the deal. We will be back for one more
• 1:19:54
  show tomorrow. Nico will be back.
• 1:19:56
  He's at mining disrupt today. He I think he's actually on a
• 1:19:59
  panel as we speak. So if you're in Miami it's
• 1:20:04
  probably a little late but maybe you guys can hang out and see
• 1:20:07
  him. But Mike, pleasure to have you
• 1:20:10
  on. I think we did a great job
• 1:20:12
  today. We, we speculated, gave him the
• 1:20:16
  sauce. But before we go, Mike, let's
• 1:20:19
  talk about some of your, some of your articles that have gone
• 1:20:22
  viral on Zero Hedge. Just the just the latest one
• 1:20:26
  would be I I titled it the Simpocalypse is upon us.
• 1:20:32
  For those of you that want to give that a read, I talked about
• 1:20:36
  like just how much simping is going beyond, you know, the
• 1:20:39
  whole only fans conversation it is.
• 1:20:43
  Well, within to the celebrities and influencers and politicians
• 1:20:47
  realm of people just sucking at the tea, taking everything that
• 1:20:52
  they have to say is gospel and dogma.
• 1:20:55
  Like it's just it's stuff that needs to stop.
• 1:20:57
  And to be honest, like, I do think it goes back to the money.
• 1:21:02
  Like people, people aren't really comfortable with standing
• 1:21:06
  their ground unless they have the freedom.
• 1:21:10
  Of having some sort of wealth to to kind of stand, but I get to
• 1:21:14
  use as a third leg, as it were to kind of like use as a
• 1:21:19
  foundation. But we can continue this
• 1:21:20
  conversation in space as we've been going on quite a bit.
• 1:21:23
  Yeah, yeah, we'll, we'll keep this going in spaces guys.
• 1:21:25
  And of course, I put it as a ticker.
• 1:21:28
  It's supposed to be just in there.
• 1:21:29
  But go follow Mike at the Mike Hobart on Twitter and keep in
• 1:21:34
  touch with him anyways. Thank you Mike.
• 1:21:37
  Jump in the spaces and we'll continue this combo guys.
• 1:21:41
  Appreciate every single one of you guys showing love.
• 1:21:43
  Appreciate all the new the new heads in here as well.
• 1:21:46
  It it, it goes to show that the 100 likes that you guys give us
• 1:21:50
  every single day, it's really helping us push us in the
• 1:21:52
  algorithms and that's what it's all about.
• 1:21:55
  It's about spreading that Bitcoin signal.
• 1:21:56
  We're just bitcoiners talking about Bitcoin, talking about
• 1:21:59
  things we love and you know, viewing the world through the
• 1:22:03
  lens of Bitcoin. There's so much problems with
• 1:22:05
  the world and we really do think that Bitcoin fixes this.
• 1:22:09
  We know what the problem is. Few people know what the
• 1:22:11
  solution is. We're also in audio only form on
• 1:22:14
  Anchor, Spotify, Apple and Fountain, part of the Valley for
• 1:22:16
  Valley economy. We love you guys.
• 1:22:18
  We will be back for our normal show tomorrow with Nico.
• 1:22:21
  But like Mike was saying, we will be in Twitter spaces till
• 1:22:28
  2:00 PM. So another 20 minutes, maybe
• 1:22:29
  we'll go a little longer. Anyways, love you guys.
• 1:22:31
  We will see you tomorrow. Peace out.