Latest / Simply Bitcoin / WE ARE BACK, Bitcoin's Incentives Destroy China's Mining Ban | EP 491
Transcript
- 0:04It's been a minute. Welcome back.
- 0:07We're simply Bitcoin. We break down the news.
- 0:09The daily fail mean review, software releases Hardware,
- 0:13releases and the pleb sites. Joining us today fellow Bitcoin
- 0:18are who we met at the Miami Conference and the CEO of true
- 0:22vote. I'm talking about Brett
- 0:24Morrison. Brett.
- 0:25Thank you so much for joining us on the show.
- 0:27What's up? So, what's up, Nico?
- 0:30Alright, we are good. We are back and we are diving
- 0:33into the numbers Nico. Let's do it.
- 0:36Number time, brought to you by, not all they make some of the
- 0:39best Bitcoin nodes, like the novel dojo.
- 0:43This ones in red. The red one is faster run.
- 0:46Your own version of Bitcoin core and the lightning Network, all
- 0:48in the comfort of your own home. Remember guys, if you don't run
- 0:52your own Bitcoin node, you're using someone else's.
- 0:55That's a big No-No for privacy. So get yourself a novel Bitcoin
- 0:59owed to A at the time of this recording, the blockheaded
- 1:01737,000, 753 the Bitcoin price 29,000 230 chain rewrite day,
- 1:08750 total public lightning capacity.
- 1:11We are getting close to that. 4K 3800 98.42 BTC Moscow, time
- 1:183421, blocks to the having 100 and 2247.
- 1:23And the samurai Whirlpool unspent capacity.
- 1:27Samurai. Whirlpool is a coin or
- 1:29collaborative. And it is not a mixing service
- 1:32and the unspent capacity from that pool is 4770. 4.03 Nico.
- 1:38It's like we never left the numbers.
- 1:41It's like we never left them dude.
- 1:43And this is why we are big advocates for DC, a man look and
- 1:49the weeks that it goes up to go sideways.
- 1:51All you should worry about is, do I have on this day more
- 1:56Bitcoin? And then I had the day before
- 1:58and there's a reason that I said.
- 2:00Right. There's a reason that we're big
- 2:01advocates for DCA. Take a look at this chart by
- 2:06spoolie. Right says, don't look at
- 2:09all-time highs. Look at your lelo's and it
- 2:11really represents. Right?
- 2:13What it is. We're talking about, right?
- 2:15If you zoom out on bitcoin, you'll understand the bigger
- 2:18picture. It's not going to make a big
- 2:20deal. Whether you stacked at 29k
- 2:24whether you Stalked at 35 K, where you stack that 40K,
- 2:27whether you stack the 25k, the reason for that.
- 2:30That is Bitcoin. We believe is going into the
- 2:32hundreds of thousands if not millions of dollars.
- 2:35So is it really going to make a big difference right on where
- 2:38you stack? The point is that you
- 2:40continuously stock and this is a really good representation of
- 2:43what we mean about. Don't look at the whole time
- 2:46highs and look at the yearly lows, right?
- 2:482012. Bitcoin was for dollar.
- 2:50The low was $4, 2013 2 low was $13.
- 2:54The low in 2014 was 300 the low in 2015 was 190 the low.
- 3:00He 16 was 360, the low and 2017 was 779.
- 3:04The low in 2018 was 3K, 220, 19, 3K 320 25,000 the low and 2021
- 3:13was twenty-eight thousand dollars, right?
- 3:16So that's what we mean. Anyways, moving on, check this
- 3:21out before I get your guys thoughts.
- 3:23This was this really shows why there really is no alternative,
- 3:27right? If you're in Fiat money.
- 3:30Specifically in urine, Europe, even though American Central,
- 3:32bankers and Central Bankers, all over the world.
- 3:34They have no idea what they're doing.
- 3:36The only thing they know how to do is print money, and when
- 3:39they, when they tried to stop printing that money, it's
- 3:42catastrophic to the economy. So really the only thing these
- 3:45people know, is how to print money.
- 3:47Anyways, here is a video of Christine Lagarde, which is the
- 3:50head of which is convicted felon in the head of the European
- 3:53Central Bank. I love saying that together, by
- 3:56the way, that's true. Being questioned on Dutch show
- 3:59College. Or about crypto and the
- 4:01expansion of the ECB balance sheet, right?
- 4:04It looks like a lot of people are pit picking that up.
- 4:06It looks like some people have been watching simply Bitcoin and
- 4:09US pulling up that M2 chart and the fed's balance sheet.
- 4:13Anyways, let's see what her reaction was in this.
- 4:16But this is cross about the balance sheet of the European
- 4:20Central Bank and the money that is on there now.
- 4:23And here it is, what I would like to show our viewers and
- 4:27asked the question about this, this is going over.
- 4:30Eh billion euros now, and isn't what you just told us about the
- 4:35cryptocurrencies. Don't we see a gigantic bubble
- 4:39here on your belly, Chief with the Euro, and, isn't this graph
- 4:43very nerve-racking. Well, I can tell you that there
- 4:47is zero crypto Assets in the balance sheet of the ECB, but I
- 4:51got Point number one. Well, I just don't want any
- 4:53ambiguity about it here, but you have to add encounter.
- 5:00On March 18th, when we put together the pandemic emergency
- 5:03program and then subsequently increase the volume of
- 5:06commitment that we made to the European Union.
- 5:09Economies. We would be in a devastated
- 5:12situation. So I don't regret any of that
- 5:16move that we took on that day, which was four months into my
- 5:20job to significantly increase the size of the balance sheet
- 5:24because that's all we had. Otherwise the economy would have
- 5:27collapsed and it would have been even accelerate.
- 5:30About financial crisis, that's good.
- 5:32So I'm not going to play you guys the whole thing.
- 5:36I'm going to focus on that and perhaps we'll double back on her
- 5:39on you know, the the second part of that response perhaps
- 5:42tomorrow. So this all goes back down to
- 5:46the idea of Kenzie and economics and Austrian economics, right?
- 5:50So their idea, the idea of Central Banking is to soften the
- 5:53blow and the way that they soften the blow is by they they
- 5:56just flood the system. Would liquidity also known as
- 5:59printing A crap ton of money, but she says, oh, it would have
- 6:03been catastrophic but here's the thing.
- 6:04It was catastrophic for the lower and middle classes that
- 6:10don't have the wealth and the means to save in an assets that
- 6:17benefit from asset inflation. So, if you were the common, the
- 6:21common Joe, right? You have gotten significantly
- 6:24poorer and the wealthy, whether it's BlackRock.
- 6:30You know, it's the top one percent have benefited.
- 6:33The most from all of this quote-unquote stimulus.
- 6:38So when she's talking about softening the bow and it
- 6:41wouldn't devastating for the world economy.
- 6:43Us Austrian economic Economist, whatever.
- 6:47I'm not really an economist, but the ones that believe in the
- 6:50Austrian School of Economics, it would have been good because it
- 6:55would have flushed out the companies that you know, that
- 6:59that just Weren't efficient enough to companies that weren't
- 7:02good enough to survive that market cycle.
- 7:05And through that Devastation. It would have created new
- 7:09companies, but what has happened really?
- 7:11Since 2008? Is that the government gets to
- 7:14pick and choose what companies benefit from all this stimulus?
- 7:18Right? And it's the little guy, right?
- 7:21It's the smaller guy that gets absolutely destroyed.
- 7:25Look, if you're a Zoomer or Boomer eats, you can't own a
- 7:29home. This is what I'm talking about.
- 7:31Why? Because of all this money
- 7:34printing. So when she's talking about
- 7:36look, it would have been devastating for the come.
- 7:38It would have been devastating for the world Elites and would
- 7:41have been devastating for the party of Davos.
- 7:43But for the little guy, yes, it would have, it would have
- 7:46sucked. It would have been bad.
- 7:48But through the, through those ashes right through the, through
- 7:51the devastation of that normal Market cycle more newer and
- 7:56better companies would have risen rather than the government
- 8:00and the central Wilbanks propping up the zombie companies
- 8:04that all they do is just suck out, suck out lifeblood from the
- 8:08economy's, right. So again, you either choose
- 8:12Bitcoin, and if you're against Bitcoin, what you're doing is
- 8:16you're supporting people, like Christine Lagarde, right?
- 8:19Those are literally your two options.
- 8:21I know a lot of you aren't going to believe me.
- 8:22They're going to say gold. They're going to say this.
- 8:24They're gonna say shit coins if you really look into it because
- 8:28of Bitcoins to centralization, right?
- 8:30You You really have another option in alternative to Central
- 8:33Banking, which doesn't get rid of wealth inequality.
- 8:36But at least it gives everyone a fair shot.
- 8:39Unlike the alternative system of Central Banking.
- 8:43Anyways, Phil. What are your thoughts?
- 8:46Great to be back. It's really you know what while
- 8:49we were doing the spaces. It seemed like everything was
- 8:52going into each other, the news and the fails, and it seems like
- 8:55this week. We're just carrying that on.
- 8:58So, look a couple of points through these monetary
- 9:01mechanics, the powers that be aren't allowing real Market
- 9:04Cycles to play out. I mean, plain and simple.
- 9:07So, you know this business, this fear that Christine Lagarde is
- 9:11trying to draw to draw up, right.
- 9:13That you know, this would have been devastating.
- 9:14What would have happened. Week by not allowing these
- 9:18Market Cycles to play out the bubbles.
- 9:20Keep getting bigger, which means that the catastrophe that we
- 9:26will most likely incur. It's going to be massive.
- 9:29It's gonna be of Epic Proportions.
- 9:31It's gonna be much worse than any of the Natural Market cycles
- 9:36that we would have gone through. The other point.
- 9:38I want to make is during that video.
- 9:40She says that we don't regret what we did, but that was four
- 9:43months into my job did. Did she really want to have said
- 9:47that? I mean, I want you to think
- 9:50about that. Like, thank you.
- 9:52You can't blame me. I haven't been here long.
- 9:55It's kind of weird. Anyways, I kind of feel like I
- 9:59was in elementary school there for a second.
- 10:02And the last point that I want to make is about BlackRock.
- 10:06It's interesting that you brought them up.
- 10:07Do you know that last week they put out an article to dispel
- 10:11some of the rumors that they are buying up individual homes?
- 10:15They are, you know, I know, but but they're not because we wrote
- 10:20this article and we showed you how we're not buying these
- 10:22individual homes. So, and they got ratioed, by the
- 10:26way on that tweet. So it was, it was pretty funny.
- 10:28Yeah, so, I'm just saying, look, this was a totally cringe video
- 10:34and it was embarrassing for Chris.
- 10:36So, so check this out about what I talked about the increase in
- 10:39wealth inequality because of the Keynesian economics and the
- 10:42money Printing and because the average Joe can't f it from
- 10:46asset inflation, it's not only me saying that our friends at
- 10:51the world economic Forum are saying that as well, economic
- 10:54inequality, has deepened during the pandemic.
- 10:57That doesn't mean it can't be fixed their way of, you know,
- 11:02fixing the wealth inequality is by more centralization, more
- 11:06control our fix of, you know, bettering wealth inequality is
- 11:10never going to go away, right? Is to get the hands and get the
- 11:15monetary. See out of the hands of central
- 11:18Bankers, the world economic forum is the problem.
- 11:21The European Central Bank is the problem.
- 11:23They have caused the mess that supposedly.
- 11:26Now they're trying to fix. Anyways.
- 11:29Brett. What are your thoughts on this?
- 11:30My friend? Well, the world economic Forum.
- 11:33They told us that, you know, we will own nothing to be happy
- 11:35about it. And then they show that guy.
- 11:37He looks really happy on their original video, right?
- 11:41Yeah. The money printing is
- 11:42indefensible and we just keep seeing it over and over again.
- 11:45And they're getting to a point where people are starting to
- 11:47figure out that there is no way to keep this up.
- 11:53I think, you know, you know, if we look at where we're involved
- 11:56in this, we look at this, we think about it.
- 11:58I often think about like, what about the other 90 plus percent
- 12:02of the world that doesn't consider money printing?
- 12:05Doesn't realize that their purchasing power is diminished
- 12:08with every dollar that is printed doesn't realize that
- 12:12when they do print money. It's not equally distributed.
- 12:16Hope that though there are they're figuring it out the hard
- 12:18way just by, you know, the price of goods going up and Rapid
- 12:21inflation that they're purchasing power is diminished
- 12:24and you're right. There is no way to afford a home
- 12:27in the US these days unless you're you know, really far away
- 12:30from, you know, large communities that you know, and
- 12:34but even there, it's just with the interest rates increasing.
- 12:37It's hard to get a loan for a lot of people and it's you know,
- 12:40the the money printing disease is spreading worldwide, you
- 12:44know, it starts here and then Nat weight makes his way to the
- 12:47other, you know, First World countries and then second one,
- 12:50and third one, and they're all just printing money.
- 12:51Like it's the only solution for things because they have no
- 12:55other levers rather than let things just achieve stasis.
- 13:00They don't have hard money. So they don't they don't it's
- 13:02too tempting, right? It's too easy for them to print
- 13:05money. So that's what they do.
- 13:08I often think what would happen if they just stopped printing
- 13:10money and I think you know, Phil you're right.
- 13:13It would cause problems. Um, but it wouldn't amplify
- 13:18them. The bubble wouldn't be so big
- 13:20that when it does pop, it's going to be so devastating and
- 13:23that's what with with Bitcoin because it's a hard cap is a
- 13:27hard hard fixed Supply. You have to choose how you spend
- 13:30your money, much more wisely. And I think that's the biggest
- 13:34advantage of it and and and you know them hating on it and try
- 13:40it. Yeah one hand Christine Lagarde
- 13:41says, oh, well, you know, we don't earn any crypto asset.
- 13:44She I don't even remember I didn't even see her.
- 13:45Being asked that she just had to put that out there.
- 13:47She wanted that to be a talking point for this talk.
- 13:50Right? And then, okay, you don't have
- 13:53any your tell people, it's worthless, but then you want to
- 13:56regulate it. You can't have both.
- 13:58Why do you want to regulate if it's worthless, you know, that
- 14:01didn't make any sense. So yeah, it's just more of the
- 14:04same kind of rhetoric and lies and distractions, you know, they
- 14:10want to blame crypto. You want to blame Bitcoin and
- 14:13then or any other cryptocurrency for the That they're creating.
- 14:18So the solution is stopped printing money.
- 14:21That's it. Please, please.
- 14:22Stop printing money. Absolutely.
- 14:24And they're not going to, that's the thing, like they're not
- 14:27going to do that, which is why something like Bitcoin is so
- 14:31important. And this is what the shit
- 14:33coiners fail, to understand the, the incentive to print money to
- 14:39soften the blow and all that stuff is going to be so great.
- 14:43That if you don't separate monetary Policy away from the
- 14:46hands of humans. If you don't have to
- 14:48centralization from day one, the incentive is so strong for you
- 14:55to to change it. If you can write and no other
- 14:58shit coin. Has figured out how to do this
- 15:00and only Bitcoin has. And when I say shit coins, I
- 15:03also include Fiat currencies in there, but anyways, feel it's
- 15:06time for the daily fail brought to you by Swan.
- 15:10Check them out Swan Bitcoin.com. It is a Bitcoin stacking
- 15:15platform. By fellow Bitcoin plebs.
- 15:18It's the best way to build your Bitcoin stack with an automated
- 15:21Bitcoin savings plan and instant purchases an app to come.
- 15:26The link is Down Below on the heels of that number segment.
- 15:30And that video, Let's quickly dive into this article before we
- 15:34dive into the multitude of fails that is Davos and the world
- 15:39economic Forum. But before we dive into that,
- 15:41let's take a look at this article real quick coin in
- 15:44Bitcoin, doesn't Make it money. IMF, Chief.
- 15:48Kristalina, georgieva. This is the, this is the part of
- 15:52the timeline. We're in right now, becoming
- 15:55these types of arguments IMF chief kristalina, georgieva on
- 15:59Monday cautioned against confusing crypto products, with
- 16:02currencies and said, anything not backed by a sovereign
- 16:06guarantee. You mean not backed by violence,
- 16:09can be an asset class, but not a currency as she asserted that
- 16:14Bitcoin cannot be Honey, just because it it has got coined in
- 16:19its name. But this is, this is the
- 16:21argument that that we have now because it has the the word coin
- 16:25in its name. Well, that's it.
- 16:26It can't be money. Well, you know matters, huh?
- 16:30Look at the Euro that doesn't have the word coin in it or the
- 16:32British pounds. I don't see the word coin in
- 16:34there. Either.
- 16:35That is the silliest argument great.
- 16:38It's just ridiculous from somebody like this.
- 16:40It's such a strange argument. Anyways, at the same session,
- 16:43Central Bank of France, Governor, Francisville Roy.
- 16:46Gal, who said I always speak of crypto is assets and not as
- 16:50currencies for any currency. Someone has to take the
- 16:53responsibility, but there is no one in case of so-called
- 16:57cryptocurrencies. Also, currencies need to have a
- 17:01lot of trust and they need to be universally acceptable.
- 17:04This is this is just strange. They've honestly brain wash
- 17:07themselves into levels of stupidity that make no sense
- 17:10whatsoever. Okay, we're gonna finish this
- 17:13article off with experts. Cbc's Central Bank, digital
- 17:18currencies have the potential to reshape Financial systems
- 17:21changing the landscape of payments and banking more
- 17:23countries are experimenting with CBD seas, and some are beginning
- 17:27to bring them to Market potentially offering lessons for
- 17:30the rest of the world. Yeah.
- 17:33We're about to learn more about to learn how countries rug pull
- 17:37their citizens. Digitally.
- 17:38This is what we're about to learn with cbc's.
- 17:41Anyways, before we move on. Do you guys have any any quick
- 17:43takes on this one, dude, the only Thing I'm gonna say, I'm
- 17:46gonna I'm gonna point this out. Once again, right?
- 17:49Is that Christina? George drove?
- 17:51Right? She graduated from the Karl Marx
- 17:54Institute in her home country and check out what her degree
- 17:58was in the political, the pot, the politics of of Economics.
- 18:04What the f does that mean? And that perfectly look, that
- 18:07that, that thing that you just Rose perfectly represents her
- 18:12school of thought, listen, I believe that money should be
- 18:15Political this is the consequence of political money
- 18:19and look at the inequality and look at all the all the people
- 18:22suffering around the world because of political money.
- 18:26It's time for Humanity to take the next step.
- 18:29Those are my thoughts bright ideas on this one.
- 18:32Yeah. Yeah, I'll add that.
- 18:34You know, I think it speaks to a larger picture of what
- 18:37politicians and appointed people.
- 18:40Like Christine Lagarde in those types of positions.
- 18:42She I don't think she was elected, right?
- 18:45What their? Roll is they are here to service
- 18:47the greater good, they are representatives of people.
- 18:51And with that Spirit, they need to be thinking of their
- 18:54constituents. And what is best for them?
- 18:56Not what is best for them personally.
- 18:58And so we constantly see, I'm constantly curious on why
- 19:02someone says things like this, like, did someone get to them?
- 19:06Are there is their family being held hostage.
- 19:09You know, what is it? Like, how could they possibly
- 19:12defend these statements? They know her?
- 19:15Stupid, like, I want to know what people's motivations are
- 19:19for thinking, the way they do, because I don't think it's as
- 19:23simple as you know, they believe they believe that their modern,
- 19:27that their economic theories are better than hard money.
- 19:31I just can't see the other side. I've tried, you know, right?
- 19:35Like why how can they come? How can they, how can they say
- 19:39that with a straight face? It just It just doesn't make
- 19:43sense to me, man. It's frustrating.
- 19:45They are, they should be trying to make the world a better place
- 19:48and instead. They're, they're just falling
- 19:50back on the same kind of statements and rhetoric that
- 19:54have gotten us to where we are today.
- 19:56And I just think energetically from a, you know, a goodness and
- 20:01a moral standpoint that we need to make some changes and it
- 20:05really the monetary system is a huge part of that and you know,
- 20:08the three of us know that but I just can't see why some of these
- 20:11well-educated Skated, well, schooled people.
- 20:16I don't know what their intentions are and what their
- 20:17motivations are to do this. It's just, why are we constantly
- 20:21fighting? It's like, it's exhausting
- 20:23right? Like, why do we?
- 20:24I constantly have to look at this stuff and laugh at it and
- 20:27defend it. It's just it's frustrating.
- 20:31I totally agree 100%. Alright, we are going to dive
- 20:36into the I guess you'd say the thick part of this fail.
- 20:42Here we go. So Davos is meeting this week.
- 20:45That is pretty much the world economic Forum gathering with
- 20:48their friends telling everyone what to do.
- 20:51I went through pulled together a few different tweets and let's,
- 20:56let's just take a look at the narrative, the hypocrisy, the
- 20:59hubris, the Sniffs, the clown world that we are living in and
- 21:04we are going to start off first with a tweet from spent a at
- 21:08Bitcoin Crusader. Here we go.
- 21:10It's a conspiracy. No, it's not.
- 21:12They're saying it in plain sight and here we go.
- 21:15Here's the the leader himself Klaus, Schwab, with a little
- 21:19message, for all of us. This also be clear, the future
- 21:25is not just happening. So future is built by us by a
- 21:30powerful Community as you here in this room.
- 21:35We have some means to improve the states of the world.
- 21:40But, two conditions are necessary.
- 21:44The first one is that we act all as stakeholders.
- 21:51Of larger communities that we serve not our only self
- 21:55interests that we serves a community.
- 21:59That's what we call a stakeholder responsibility.
- 22:03And second said, we collaborate and this is the reason why it's
- 22:07very good points. Makes very good points.
- 22:09Alright, so we all got a collaborate, right?
- 22:12Everybody's got to work together.
- 22:13You can't just think of yourself.
- 22:15You gotta think of others. Okay.
- 22:16Let's take a look at their climate change mission
- 22:18statement. Here we go.
- 22:19This is from the world economic forum.
- 22:20World, economic forum is committed to supporting Global
- 22:22efforts in the private public sectors to limit, Global
- 22:24temperature, rise, and Stave off disaster.
- 22:27It's right. We're gonna fight the invisible,
- 22:30the invisible climate monster, we aim to work with leaders to
- 22:33increase climate commitments, collaborate with Partners to
- 22:36develop private initiatives and provide a platform for
- 22:39innovators to realize their ambition and contribute
- 22:41Solutions. Meanwhile, at the, at the Davos
- 22:46conference itself. Here we go, the world economic
- 22:47Forum. We've got 1500 private jets,
- 22:50averaging, 13300 pounds of CO2 per three-hour, flight will
- 22:54deliver the world's richest ngos, government's and Elite to
- 22:57decide what you will sacrifice and what they will gain.
- 23:02That's right. And they've actually built a
- 23:04whole entire little city specifically for the world
- 23:08economic Forum. So, talk about the hubris and
- 23:11the hypocrisy and the just the doublespeak.
- 23:13It's completely insane. Moving on moving on because this
- 23:17does, it actually does get significantly worse.
- 23:20Let's hear. More tidbits of how our future
- 23:22is shaping up to be, we are finding ourselves in a place
- 23:26where we're we have increasing polarization everywhere and
- 23:31everything feels binary when it doesn't need to be.
- 23:34So I think we're going to have to think about a recalibration
- 23:36of a whole range of human rights that are playing out online, you
- 23:40know, from freedom of speech, to the freedom to, you know, to be
- 23:44free from on online violence or the right of data protection to
- 23:48the right to child. T we are finding, all right, so
- 23:53we're gonna have to redefine freedom of speech.
- 23:56And what's interesting too is because the part about the child
- 24:00dignity, and look, let me be clear.
- 24:02I think that any type of, you know, because I know what she's
- 24:05referring to any type of trial or four-year or child
- 24:09exploitation online is absolutely horrific, but as
- 24:13we've seen, they're using that as an excuse to surveil every
- 24:19single message, Without the government, you know, you know,
- 24:23without the government essentially saying what, what
- 24:26what, they're surveilling and they're already doing that in
- 24:29Europe, and what we've seen from the government is it just starts
- 24:32there? It just starts all with.
- 24:33This is just for, you know, child's exploitation next.
- 24:37It's the other thing. Next.
- 24:39It's the other thing. And remember, the the, when the
- 24:43bank secrecy Act was passed and that fact that Infamous ten
- 24:47thousand dollar rule, right? Where if you have, if you
- 24:50deposit Posit more than ten thousand dollars into a bank
- 24:52account, has to be reported to the internet when that rule was
- 24:57implemented ten thousand dollars in the 19th and the early 1970s
- 25:02was the equivalent to 70 thousand dollars today.
- 25:06And now all this time has passed, and guess what?
- 25:09That that's that ten thousand dollar rule is still
- 25:12implemented. And last year, the B
- 25:14Administration wanted the treasury Department to force
- 25:18Banks to the to, to report to the government.
- 25:20Any transaction over $600, right?
- 25:25So remember guys, this is just the foot in the door.
- 25:29Once they get, you know, any, you know, complete surveillance
- 25:33to any, you know, any of your text messages, under the
- 25:37pretense of, this is for the children, it that's just the
- 25:41beginning. We've always seen the
- 25:43government, take a finger and end up taking an arm anyways.
- 25:47Feel sorry for interrupting the video.
- 25:50No, no. Worries, no worries.
- 25:51Let's continue on because it does, it does get worse.
- 25:54So, hold on a second, right? We're going to redefine freedom
- 25:56of speech. We have everything that Niko
- 25:58just explained, but wait, there's more, we're developing
- 26:03through technology and ability for consumers to measure their
- 26:06own carbon footprint. What does that mean?
- 26:10That's where they traveling. How are they traveling?
- 26:13What are they eating? What are they consuming on the
- 26:16platform? So individual carbon footprint
- 26:20tracker, they tuned we don't have it operational yet.
- 26:24But this is something that we're working on.
- 26:26So weird. Yes, God.
- 26:28So if I was, I was there. And yeah if I was there and I
- 26:30heard that the first thing I would say, oh is this offline so
- 26:33I can do it myself and not not on the cloud, you know, is this
- 26:37open source? Of course, it won't be, it won't
- 26:39be open source. It will be called base and
- 26:41everything. You do will be uploaded to
- 26:43connect connect that with the fact that Phil showed you that
- 26:48all these people are taking their gas-guzzling expensive
- 26:54luxury, cars, their private jets.
- 26:56But no, they want you, the peasant to track yourself.
- 27:03The hypocrisy of these people this forum.
- 27:08Right? Is the personification of
- 27:11late-stage Fiat. This is what it has caused
- 27:15through. The concealing are effect.
- 27:17And at the same time there is hope because at the same time as
- 27:21this forum, there's also the ozlem freedom Forum which
- 27:26represents the Bitcoin future, the Bitcoin, Freedom future that
- 27:30we have, if we fight for coloring in the lines, of
- 27:34course, and then this is the alternative.
- 27:38This is the alternative of a future of Fiat.
- 27:42This is an alternative of a future of see bdcs.
- 27:46Look at what Christine Lagarde. Just says.
- 27:48We just played it for you. These are the, these are the
- 27:51Futures ahead of you. There is no other alternative a
- 27:55Bitcoin future of a slightly inconvenient.
- 28:00Slightly inconvenient, Freedom or a convenient.
- 28:04Hey, you owe nothing, be happy. You'll live in the metaphor.
- 28:08Verse, this is what the elites want from you even though that
- 28:12is exact opposite of what they want from themselves.
- 28:17And I just, I just want to finish it off.
- 28:19Okay. With this last video here.
- 28:21Okay. From a V yemeni and he does.
- 28:24I think it's Rebel. What is it?
- 28:26Yeah, it's Rebel news. Okay, in Australia, this is,
- 28:29this is a great little clip. Okay, he's essentially walking
- 28:31up to what appears to be a corporate owned media personnel
- 28:37and asking them a simple. Okay, and you got to remember,
- 28:39it is a world of incentives. Okay.
- 28:41So here we go. Let's just finish it off with
- 28:43this, then we can respond. This Rebecca.
- 28:46How you doing from New York Times?
- 28:47Can I ask you a quick question is?
- 28:49Are we from revenues? How is the public meant to
- 28:51believe that the New York Times is here to actually ask the
- 28:55tough questions when you're here as an invited guest.
- 28:59Help people meant to rely on the mainstream media.
- 29:03We're just just, if you could get us, you don't want to
- 29:08explain to people why we should trust the mainstream media.
- 29:11No, of course, no comment. There we go.
- 29:13So, dude, the the hubris, the hubris of these people is
- 29:21insane. Felt they're paid to be there.
- 29:24They're paid to be, there. It is a world of incentives, and
- 29:27people should definitely check out.
- 29:28Rebel news Twitter feed because he goes through and actually
- 29:34documents a whole bunch of essentially all these buildings
- 29:37that they're building from scratch specifically for these
- 29:42forums. Okay, so it's exactly what you
- 29:44said, Nico. Okay.
- 29:45It's a world of censorship for us.
- 29:47It's a world of low energy just scrambling by for us the
- 29:52peasants. Okay, so that the intelligent
- 29:55capable Elite that deserve Nerve to have access to all the energy
- 30:00they want. And all the resources they want,
- 30:03they can enjoy this. Hmm.
- 30:05You shouldn't be taking up too much energy.
- 30:07Brett. What are your thoughts on this?
- 30:09Well, again, I mean that whole conference.
- 30:11You know, why? Why aren't why wasn't?
- 30:13I was God seen invited to Davos to speak.
- 30:16You know, what, why don't they have alternative voices in
- 30:19there? It is to speak out and you know,
- 30:21on the other on the other side, we should be inviting.
- 30:24The Christine lagarde's of the world to the Bitcoin conference
- 30:27defend your position. Make a speech talk about.
- 30:30Why Bitcoins terrible. I'd love to hear it on the
- 30:32Bitcoin conference. She can't do it.
- 30:36That's the issue. So, yeah, it's all these types
- 30:40of shady conferences. Where they some, what's the
- 30:44other one where they build a Burg, where they don't publish
- 30:46at anything. You're not allowed to talk
- 30:47about. Building, for me right now.
- 30:48The Bilderberg is not that different from this Davos.
- 30:51One, from the world economic Forum were, what's the
- 30:54difference? And we do now because there's no
- 30:56press coverage a lot on that one.
- 30:57Absolutely, man. These are, these are the central
- 31:00planners and the world Elites thinking that they know what's
- 31:04best for your life, then, you know, for yourself and the only
- 31:08thing that's stopping them. The only thing that's in the way
- 31:13is Bitcoin, but only if you take self custody, but anyways, Phil
- 31:17there was no, there was nothing, it's time for it daily.
- 31:20Mean, review brought to you by Citadel 21.
- 31:23It's the best Bitcoin cultural Zine its stories articles.
- 31:28Mix by actual bitcoiners pure pleb signal in the ziens.
- 31:34Every Zine has a different artwork.
- 31:36This is artwork for volume 10. And this is artwork for volume
- 31:3911. It just dropped and they're
- 31:41scarce is only 1,000, physical copies made per volume.
- 31:45Gets your, get your prints of Citadel 21 today before they run
- 31:49out. All right, everybody, Welcome to
- 31:51the meme review. Remember guys, in this war for
- 31:54people's minds is information War.
- 31:56Memes are Ellery anyways. Check out this mean by fellow
- 32:01fellow memer and awesome. Elaborate model, 20.
- 32:05Definitely go give this guy a follow plebs means enslavement.
- 32:08Ah, dude II coincidentally said about the function of memes and
- 32:15this information war and there you go.
- 32:17There's a meme. Say what?
- 32:18I'm trying to communicate. Anyways, next one.
- 32:20Bye, Roth must five-year-old. I wish I had Infinity dollars to
- 32:23give to people me that would wreck the economy, the Federal
- 32:26Reserve? No, no, he's got a point.
- 32:28Ha ha ha. All right, next one.
- 32:30This by the rational root. This is Obsession inflation fed.
- 32:34And this is something that we keep telling you guys that the,
- 32:37the FED right now, does not have a good tool, right?
- 32:41They raise rates the, you know, they start selling stuff off the
- 32:44balance sheet, right? That wrecks, the economy, but if
- 32:47they continue printing that that fake Monopoly money, guess what
- 32:51happens more inflation. And that's that, you know, the
- 32:54FED is stuck. Anyways, moving on.
- 32:57Next one. Bye path to Madness.
- 32:58I think again. Screen serves as meme, sometimes
- 33:01they communicate information, effectively screenshots.
- 33:04I meant to say these scan coins are getting crazier crazy.
- 33:08Once one someone just showed me 27 trillion and circulation
- 33:12Unlimited Supply cap. Only one node 25% of Supply
- 33:16minted in last six months. 1% of ha de leurs own 30%.
- 33:20Just kidding. That's the US dollar.
- 33:22Very, very true powerful. All right, this is funny because
- 33:26I tweeted I said I'm at the point where I'm trusting
- 33:28conspiracy theories, more than the government at least one
- 33:31attempt to tell me the truth and some plep, right?
- 33:34The Flat Earth theory when you're hits the here microphone,
- 33:38the thing in the diner Source, get knocked off and fly into
- 33:41space. Absolutely hilarious.
- 33:44All right, you know if Phil and Corey Clips in her competing for
- 33:48the title of the shit coin Slayer, it's weird.
- 33:51Because with this hair it kind of reminds me of Cory but fills
- 33:54in there. So it's a it's a Corey or care
- 33:57for a refill? Anyways, she Corners history
- 33:59will not remember Kings not soldiers.
- 34:01Be careful. King of kings first.
- 34:03You need the Victory and it's fill in there.
- 34:05Absolutely hilarious. All right, check this out.
- 34:09And I'm going to kind of connect us with what Phil was talking
- 34:11giving the shout-out to Rebel news.
- 34:13This is the important of Independent Media.
- 34:16This is the important of the internet.
- 34:18It gives the common Joe that doesn't have all those
- 34:21credentials. Right?
- 34:22And this is why the B Administration rolled out the
- 34:25misinformation. Girl, they would like you to
- 34:28consume information only from the Legacy captured media and
- 34:33the approved Blue check marks, right?
- 34:36This happens to be the Jack Pacific.
- 34:40He, you know, he's an independent conservative media
- 34:43personality. Here's The Hodgetwins and he got
- 34:46detained. Check this out, not by the
- 34:49police, but the world's economic Forum has their own police
- 34:54force. And then God, you know, Nico,
- 34:57there are screenshots of this zoomed in completely.
- 35:00I'm gonna go, I'm gonna go to the next one.
- 35:02So he's wearing a world economic police.
- 35:05So think about it. Look world's I can and it's his
- 35:08two ramps. This, this is a, there's a lot
- 35:11of symbolism there. I don't even want to get Phil
- 35:12started. Bro.
- 35:13I'm Klaus looks like dr. Evil, like look at that.
- 35:16They have their own police force, then, think about it.
- 35:19Like the equivalent of, that would be essentially the the
- 35:24Bitcoin conference. Having their own police force.
- 35:27No, they get. They get Miami Beach police
- 35:29officers. There.
- 35:31They get whatever. But the world economic has so
- 35:33much power. That Switzerland allows the
- 35:38world economic Forum to Deputy deputize, a police force.
- 35:44For when they're in Davos? That is absolutely crazy and
- 35:50think about it. There deputized, police force
- 35:53happens to be checking up on Jack Pacific.
- 35:58Someone who's not covering the world economic Forum in a
- 36:01positive light. Unlike the New York Times that
- 36:05happen to be invited there. Look the last two years were the
- 36:11years that all those conspiracy theorists and all those people
- 36:15that they just gas-lit and gasoline Gossett.
- 36:17They be fun. I don't know Phil, they've
- 36:20happened to be right about a lot of things.
- 36:23Anyways, don't get me. Don't let me go on a tangent for
- 36:26those means. I'm going to give a very special
- 36:27score of this limited edition crypto, cloaks pain that he sent
- 36:32me with the painting that I bought from him at the Bitcoin
- 36:35conference. Anyways, Phil, what would you
- 36:37give those? Awesome mean?
- 36:39All right. I haven't given this one yet,
- 36:41but I think the Bitcoin price is conducive to this score.
- 36:46That's right. There is a sale on aisle 21.
- 36:49Absolutely a curry sets. Stack them SATs Brett.
- 36:52What would you give those awesome memes Bitcoin, official,
- 36:58spinner? Whatever the word for this is
- 37:02three axis. Fuck.
- 37:03Yeah. Love it.
- 37:06Love it. Lookin good.
- 37:07Lookin good. Those are some awesome.
- 37:09Awesome me. Look at that spins and
- 37:11everything guys. We want to know.
- 37:14It's great. It's great.
- 37:16Anyways, guys, we want to know, if you agree with our scores,
- 37:18you disagree. Let us know down in the comments
- 37:20section. Let us know what you think.
- 37:22It really helps with the mysterious YouTube algorithm.
- 37:24So comment, comment, comment, of course, make sure to subscribe
- 37:27to us on alternative video platforms for obvious reasons.
- 37:31We do talk shit about the world economic Forum.
- 37:33Well, I crumble.com and our personal favorite, Bitcoin
- 37:37tv.com, and of course, guys, join our awesome.
- 37:41Awesome telegram group. There's a party in there.
- 37:43This plebs pointing up posting. I'm memes.
- 37:46You could too. It's really freaking awesome.
- 37:49The link is down below. But anyways, Phil there wasn't
- 37:52no, no, it's time for the Daily News brought to you by crypto
- 37:57cloaks.com. They make some of the best 3D
- 38:00printed Bitcoin merch. Like the famous 3D printed
- 38:03Bitcoin grenade. Toy comes in any custom color.
- 38:06Your heart desires. You want to in Gold Peter Schiff
- 38:08colors. You want to piss them off.
- 38:09You can get it in Gold, but only on crypto cloaks.com.
- 38:12They also make the famous 3D printed Bitcoin, honeybee.
- 38:16Door opens up, you put your favorite Harbor wallet in there.
- 38:18Only on crypto cloaks.com. All right guys, so this happened
- 38:22while I was gone, but I have to cover.
- 38:27This is extremely important. And remember, we're going to
- 38:30give you the simply Bitcoin angle.
- 38:33So whatever you heard about this, you're not going to hear
- 38:36again. You're not.
- 38:37You haven't heard before better set.
- 38:39Anyways, check this out. China makes a comeback and
- 38:42Bitcoin mining despite government banned.
- 38:45And why is that? Why is that the Chinese people
- 38:49are willing to go to jail? To mine Bitcoin.
- 38:54And this goes back to something that I've kept saying on the
- 38:57show and why I believe. And I know this is what Phil
- 39:01believes as well. And I'm pretty sure Brett
- 39:03believes this as well, but I'm not going to put words in his
- 39:05mouth incentives are stronger than coercion.
- 39:10This is something that the central planners are having a
- 39:12really hard time grasping. This is why you see Jorge orta
- 39:17the head of the IMF, the head of the European Central bank's a
- 39:19Bitcoin is not money. Bitcoin is not money.
- 39:22Would they don't Stand. Is that the incentives of
- 39:25Bitcoin are stronger than their shit coin Fiat money, so they
- 39:29could pound the the desk and say whatever they want.
- 39:34But the matter of fact is that Bitcoin that Bitcoin provides
- 39:37better incentives than their shit coin, which is why you see
- 39:41people in China taking the risk to my Bitcoin, even though they
- 39:45might go to jail because again those incentives are stronger
- 39:50than their shit coins. China makes a comeback in
- 39:53Bitcoin mining despite government banned the u.s.
- 39:56Accounted for thirty seven point eight percent of global hash
- 39:59rate, a measure of computing. Power used to extract extract
- 40:02the digital currency between computer between.
- 40:05September 20 21, 22 January. According to the game, a
- 40:09Cambridge Center for alternative Finance in a report released on
- 40:12Tuesday. The hash rate also responsible
- 40:15for securing the Bitcoin network has made a strong comeback to
- 40:18new highs after falling last year, following the mine
- 40:22abandoned. In the last year, the country
- 40:24has seen a sudden surge in activity, through covert mining
- 40:27operations and has re-emerged as a major mining Hub grabbing
- 40:3221.1% of global hash rate. According to CC AF, the strongly
- 40:37suggests that significant underground.
- 40:40Mining activity has formed in the country, which empirically,
- 40:45confirms what industry, insiders have been long as suiting, by
- 40:48the way. I would like to say that simply
- 40:51Bitcoin is industry Insider because that's the case that
- 40:53we've been mining since the the saccades that we've been making
- 40:56since the so-called trying to ban.
- 40:58In fact when it happened, we were saying yeah, that they're
- 41:01probably still there and that correlates to essentially what
- 41:05my friend. Remember.
- 41:06I got an opinion from someone who's living in mainland China,
- 41:09and this is exactly saying what we were suspecting.
- 41:13The CC AF wrote in the report and may 2021 Beijing intensified
- 41:18his efforts to curb. The crypto currency Market, it
- 41:21seems covert mining is still happening.
- 41:23In China, through route it though.
- 41:25Routed through virtual vpns, that make it appear.
- 41:28That computers are operating in another country.
- 41:32But check this out, right? You can't always trust the data.
- 41:38And the reason for that in this article, does a really good job
- 41:41Zack. Vole Zack for well.
- 41:43He's going to come on the show and talk a little bit about
- 41:45this. And why is that?
- 41:46Why did the reporting get so catastrophically wrong?
- 41:49This This article goes on to explain it differently.
- 41:51The data is not reliable to put to be clear.
- 41:54The problems with CCF. Methodology are not on its own
- 41:58mining. Data is outstandingly difficult
- 42:00to accurately, collect similar mining data sets built by the
- 42:04newly launched Bitcoin mining console also receive some public
- 42:07criticism for the accuracy of their methodology.
- 42:11If anything the continued work by CC AF to report mining data
- 42:15services to expose many of the unavoidable issues.
- 42:19Collecting accurate and representative data from Bitcoin
- 42:23mining. So that was very complicated.
- 42:25What does any of that mean? That means that the initial
- 42:30reporting that 0% of the hash rate was located in Giant and
- 42:35China was driven by a narrative rather than data and the other
- 42:40signal that you have to pay attention to base on that Zach.
- 42:43Vo, L article is how difficult is to detect where the location
- 42:49of Of actual miners are and what the Cambridge?
- 42:53Hold on. Let me pronounce it with the
- 42:54Cambridge Bitcoin electricity consumer index fails to report
- 42:59accurately is that they get their data based on what the IP
- 43:03location is of the mining pools and self-reporting, right?
- 43:07So what does all this mean? Why should you care?
- 43:10You should care. Because of look how difficult it
- 43:13is to detect where miners are based, and why is that good?
- 43:18That's a good. Because if the government wants
- 43:21to shut it down or the state wants to shut it down.
- 43:24They don't even know where it's at.
- 43:26So what are the bullish? Takeaways?
- 43:28Bullish. Takeaway.
- 43:29Number one is the Chinese Communist party.
- 43:32You can make an argument one of the most powerful governments in
- 43:35the world failed to shut down Bitcoin and fact make it
- 43:39stronger. If you take a look at the hash
- 43:41rate. The hash rate is higher today.
- 43:44Then when the by the mining band took place and take away number
- 43:48two. The reason it's so hard for them
- 43:51to shut it down. It's because it's all through
- 43:53the internet. If it's all through the
- 43:54internet, it could be through Tor.
- 43:57It could be through vpns. So, overall, bullish news sucks
- 44:03for you. Chinese Communist party.
- 44:05What you did is made the honey badger.
- 44:07Inevitably stronger. Phil.
- 44:09What are your thoughts? Okay.
- 44:10Yeah. It just got me thinking though
- 44:12that, you know, since their numbers were necessarily real to
- 44:15begin with how much of that hash was really lost and then it
- 44:18starts to make you think. What if the hash drop was really
- 44:21just a show? No, no it.
- 44:25What the hash drop was real and what I suspect would happen.
- 44:29Was that the 80 the 80, maybe, 70% of the hash rate coming from
- 44:35China, was from over the table, Chinese miners, Big Data farms.
- 44:41And those actually did relocate, right?
- 44:43Yeah, but the, you know, the underground, right?
- 44:46The whole miners like it is in the United States or Or perhaps,
- 44:50you know, those corrupt government officials near the,
- 44:53you know, the damn provinces with extra standard and
- 44:56electricity in China. They weren't reporting in the
- 44:59first place. But because of the media
- 45:01reporting saying hey China, ban Bitcoin mining the Cambridge,
- 45:06you know, Bitcoin index or hash rate index, you know thing, they
- 45:10reported it as if that was factual.
- 45:12But what they didn't take into account is the fact that Bitcoin
- 45:16is highly mobile. It's so hard to Track.
- 45:19And that is a feature and not a bug.
- 45:22It's in Chris is incredibly bullish.
- 45:24I hope I gave it a little bit of Justice explaining it the way
- 45:28that I did. Yeah, people.
- 45:30I'm sorry. I just want to finish by saying
- 45:31people really need to understand how resilient the Bitcoin
- 45:35network is. Okay, like if people understood
- 45:38just how badly China wanted to stop it or at least gave the
- 45:41impression that they did and are not able to.
- 45:43And here we are a year after the ban.
- 45:46I think it's like a year in a month.
- 45:47Yep, and the hatchet is picking all time.
- 45:49A hot head. People are still finding a
- 45:51China. Bullish.
- 45:52Anyways, Brett. What are your thoughts?
- 45:54Oh, super, super interesting story.
- 45:56Because yeah, it is harder report where there are regions
- 45:59of minors are with the, with VPN at, or you can pretty easily
- 46:02hide that it warms my heart to think that Chinese miners are
- 46:08going against their government and Mining.
- 46:10Anyway, I mean, they tried when you try it, when a government
- 46:13tries to ban something like they did in this country with alcohol
- 46:16with prohibition over 100 years ago.
- 46:19What? Then people wanted a drink
- 46:21anyway, and so they did and it all just went underground and
- 46:24they said to the government. We're not going to comply with
- 46:26this ban. And so when I see Chinese miners
- 46:29doing this, wow, I love it. I'd like to see more of it.
- 46:33I love the day, they successfully use VPN a tour and
- 46:36if they spread out their mining electricity and not get not have
- 46:40a fingerprint where they could be detected for spikes and
- 46:43electricity. However, they're doing it.
- 46:45They're doing it. Great.
- 46:46And yeah, it's we're never going to know the numbers, though.
- 46:48I mean, they're really Without origin, IP.
- 46:51There's no way of knowing and that is and that is a feature,
- 46:54not a bug anyways, moving on to the last piece of news,
- 46:59something that we missed while I was gone.
- 47:01Filled did Cover though, on the spaces, fill covered both things
- 47:04that I'm covering down the spaces.
- 47:06We're just getting a little bit of the Nico perspective film.
- 47:08Exactly. No, this is good.
- 47:10More info in there. And of course, we have our
- 47:12awesome. We have our awesome guest Brett.
- 47:15So anyways, check this out as you guys have, no, but we're
- 47:17going to give you a little bit of a different angle Bitcoin.
- 47:19Kaylee and a bevy of central Bankers meat and El Salvador.
- 47:23And here's a picture visualization of what countries?
- 47:26Right? Central Bank delegates from
- 47:27Ghana, Burundi Jordan to the Maldives and Pakistan to Costa
- 47:32Rica arrived in its San Salvador for the conference upon Del
- 47:35Salvador, president named, Boo Kelly's, invitation El Salvador,
- 47:38sprouts, and this is a 9. But Kelly's, tweet El Salvador
- 47:41or sorry. The the central Banker of El
- 47:45Salvador. El Salvador is proud to receive
- 47:47representatives from 44 central banks.
- 47:49And financial authorities to learn about the implementation
- 47:52of Bitcoin and its policies to promote Financial inclusion.
- 47:54Here's a couple pictures, right like the Bretton Woods thing.
- 47:58This is a the Bitcoin Bretton Woods or the Bitcoin Satoshi
- 48:03woods. So and here is a picture of the
- 48:06central Bankers actually using Bitcoin.
- 48:08So absolutely badass. Now, here's the angle that I'm
- 48:12going to give to you guys. Right?
- 48:14Look it's what we've always been saying this revolution is going
- 48:19Happen from the ground. Up countries, that least benefit
- 48:24from the Legacy Financial system, meaning countries that
- 48:29are forced to hold dollars because they have weak Fiat
- 48:32currencies, right? Because they hold dollars or
- 48:35even worse like El Salvador, like the country of Panama.
- 48:38Like the country of Ecuador actually use the US dollar as
- 48:43you know, their unit of account, their legal tender, for those
- 48:48countries. Remember their Monetary policy
- 48:50is even decided by their own Central Bank.
- 48:52It's decided by the US Central Bank, by the Federal Reserve,
- 48:57meaning, if the u.s. Prints money, like they just did
- 49:00with those 40 billion additional dollars that they're sending to
- 49:03the Ukraine. All of those countries get poor.
- 49:07They have to foot the bill because of the US has for
- 49:12foreign Financial policy or foreign policy, right?
- 49:16They have to foot the bill Bitcoin allows them to Opt out
- 49:20of that and say, hey, I don't really care about the situation
- 49:25in Ukraine. I just need a money so that my
- 49:28people could transact, right? Or for so for their, you know,
- 49:33country's treasury to at least, you know, pay for some of those
- 49:36countries bill. So, this is why this is so
- 49:39powerful because you have 44 countries least benefit from
- 49:44that system and they're deciding potentially a Bretton Woods.
- 49:49Or a Satoshi Woods of Bretton Woods 3.0 with Bitcoin.
- 49:53They're deciding. Hey, perhaps we should opt out
- 49:57of this madness and as Bitcoins Game Theory continues to play
- 50:01out as ngu technology continues to to you know, to go by.
- 50:06What you're going to see is more of these countries are going to
- 50:10decide to follow Salvador because they're going to see
- 50:14that the decision that name, bouquet Lee took was a good
- 50:17decision for the people. Those Salvador and for countries
- 50:21that don't decide their monetary policy.
- 50:23It will be a good decision for them.
- 50:26So right now, when Bitcoins down from all-time highs 9 buchelli,
- 50:30doesn't look that smart. Michael sailor, doesn't look
- 50:33that smart, but let's have that conversation in four years, and
- 50:37I'm sure it's going to be a whole lot different.
- 50:40Anyways, Phil. What are your thoughts?
- 50:42You know, we need to remember how old the Fiat system is
- 50:46Right. Bitcoin is only 13 years old.
- 50:48So we are indeed early in the in the adoption process.
- 50:53The reason why I'm explaining this is is exactly what you just
- 50:56said, Nico, some people right now based on our current
- 50:58timeline. Yeah, right.
- 50:59Not everybody looks like a genius but the thing is is that
- 51:03when you zoom out and you look at the bigger picture and you
- 51:05see that Bitcoin is swallowing all of the value.
- 51:09It's a no-brainer. And of course, as we've said in
- 51:12the past Bitcoins Game Theory continues to play out the
- 51:15countries that need it. The most the countries that
- 51:17require a better money. Most are going to opt into
- 51:20Bitcoin first. So this is really, you know,
- 51:23this is really cool stuff, right?
- 51:25That we had those countries, you know, all get together and you
- 51:28know, go to El Salvador Salvador and meet up and discuss these
- 51:32ideas. Don't get me wrong.
- 51:34But this seems like a much more open Forum away.
- 51:37More quote, unquote inclusive Forum than let's say something
- 51:41like a Davos or something like a world economic Forum.
- 51:45So to me, I think that it's exactly.
- 51:47You know, it's exactly like as As you mentioned the Bretton
- 51:51Woods 3.0. I think it's going to be better
- 51:53than any of that. I really do.
- 51:55Because again, we've never had a hybrid asset like Bitcoin.
- 51:59We've never had anything in humanity like Bitcoin.
- 52:02So our level of understanding changes pretty much almost
- 52:06daily. I'm standing was, definitely
- 52:09bullish, Brett closing thoughts. Yeah.
- 52:14It's inevitable. There is no alternative.
- 52:16So yeah, I'm glad that we're seeing progress.
- 52:19I Have liked to seen another country.
- 52:22After El Salvador, adopt Bitcoin as a currency.
- 52:24We haven't screen. There's the well, which ones
- 52:27there's Central, African, Republic, and the reanima, okay.
- 52:33I'd like, I'd like to see it in a larger way Venezuela.
- 52:36I think, I think that would be the best one.
- 52:38Let's see it there. And and so it is inevitable and
- 52:43it's just a matter of time. So countries can either fight it
- 52:47or they can get on board but there is an alternative if they
- 52:50keep doing, what they're doing, things are going to get worse,
- 52:52not better. If they switch the Bitcoin
- 52:53things will get better, not worse.
- 52:55That's simple binary. It's really, really that simple.
- 52:58I really strongly believe that you're going to see guys.
- 53:02As NG remember the price going up.
- 53:06It you can't no matter how much they try to spin it and
- 53:09Christine Lagarde and the head of the IMF say this is not a
- 53:12currency. The ngu technology does his
- 53:15thing, remember the ngu technology, most people 99% of
- 53:20people, they get into Bitcoin because they think they're going
- 53:23to get rich. That's how you get hooked.
- 53:25And then once you're in it, once you have a little bit of money
- 53:27in Bitcoin, then you start asking questions and you realize
- 53:30this is not about getting rich. Will some pizzas.
- 53:32People would is to each their own.
- 53:34It's really about the revolution.
- 53:36It's really about tearing down the central bank's peacefully
- 53:41and this is what it's all about. But anyways, Phil was an open
- 53:44source software release today, wanting to everybody about it
- 53:46software releases, brought to you by Cipher safe.
- 53:50Check them out. Cypher safe, dot IO, paper is
- 53:54dead. It's not secure enough store
- 53:56your seed in the Cipher wheel or the all new Cipher grid, they
- 54:00both come with the tamper resistant.
- 54:02Air and the grid comes with a punch tool.
- 54:05All right, we've got Sparrow wallet, version 1.6.4.
- 54:09That was released its Down Below in the show notes.
- 54:12Don't forget to check us out. On our Audio, Only platforms
- 54:15Apple podcasts Spotify and anchor.
- 54:18If you want to stream a SATs. Check us out on Fountain.
- 54:21Dot f m--. You could stream assets through
- 54:23Breeze. Awesome.
- 54:24Thank you Phil. All right guys, before we go.
- 54:26I want to give a very very very very special shout-out to our
- 54:30awesome clothing sponsor. Sir, you go check them out.
- 54:34Represent LTD.com fill a night where the hoodies every single
- 54:38day. This is the camo.
- 54:39One says represent, Phil has the Bitcoin swag.
- 54:43He's going to be coming out with more Bitcoins swag soon as well
- 54:46as simply Bitcoin merch. You can check it out. 10% off
- 54:49with the, with the promo code down below, represent LTD.com.
- 54:53I also want to give a very special shout-out or awesome.
- 54:56Awesome, buddy of ours. His name is Brett Morris, and
- 55:00you can go give them a follow on Twitter.
- 55:02At Brett, but Morrison. Brett, he is the CEO of vote org
- 55:08to ensure a true democracy. What's needed is an open source
- 55:12open fully digital tamper-proof, bear biosystem.
- 55:15True vote is designed to fill that need.
- 55:19Definitely, go check it out. We'll put the link Down Below
- 55:21guys. That was our show.
- 55:22If you enjoyed the show you what to do.
- 55:25Course, if you want to continue here in the Bitcoin, use from
- 55:27The Plea pleb perspective and the catastrophic fails from the
- 55:31same perspective death. We consider subscribing to
- 55:34Simply Bitcoin and we'll see you tomorrow guys.
- 55:36We're a brand episode. The world economic Forum in
- 55:40Davos should be renamed to the Big Top circus of sad clowns.