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The Bitcoiners Were Right | Everything You Were Told Was a LIE | Bitcoin Simply · Simply Bitcoin

• 0:01
  All of this. Is false.
• 0:03
  Then why won't they let people talk?
• 0:04
  Why won't they let This is not real information?
• 0:10
  And we sit here like it's. OK, it's a charade.
• 0:14
  Maybe the bit corners were right.
• 0:16
  Everything that they told you was a lie.
• 0:17
  They said that your vote mattered.
• 0:19
  But yesterday a Utah County Commission approved a project to
• 0:22
  award 40,000 acres to Mr. Wonderful, AKA Kevin O'Leary to
• 0:26
  build AI data centers despite the entire community being in
• 0:30
  opposition. They said that they would make
• 0:31
  housing affordable. What they didn't tell you is
• 0:34
  that home builders would put NVIDIA mini AI data centers in
• 0:37
  the walls of your homes so that you can afford it and also fund
• 0:41
  your own unemployment. They told you that crypto was
• 0:43
  taking over finance, that we were in a boom, their profits
• 0:47
  record adoption. What they didn't tell you was
• 0:49
  that they were going to lay you off with a tweet and with an
• 0:51
  e-mail. They also didn't tell you that
• 0:52
  the biggest crypto exchange in America went down for five
• 0:55
  hours. And right in the middle of that,
• 0:57
  the internet's most famous fraud investigator sat down to prove
• 1:00
  that Bitcoin financial products are a Ponzi scheme.
• 1:03
  He walked out with a harder question than when he came in.
• 1:06
  Today, we're going to give you the receipts.
• 1:08
  The lies that bit corners have been exposing for years are
• 1:10
  finally coming to the light. This is Dante Coco Bitcoin
• 1:13
  simply let's go. Coinbase just posted a terrible
• 1:20
  quarter. Revenue was down 31% and they
• 1:22
  posted a net loss of $394 million.
• 1:26
  Crypto Bros everywhere keep telling the story.
• 1:29
  Everything is moving on chain. We will see the tokenization in
• 1:32
  the securitization of every asset.
• 1:34
  Bit corners have been very clear about this from the very
• 1:36
  beginning. This future won't work because
• 1:39
  people want to own hard assets in real things, not fractions of
• 1:43
  things that can be created out of thin air.
• 1:45
  This on chain finance revolution is hype in vaporware.
• 1:49
  It's a low margin business that sounds sexy on the surface but
• 1:52
  is a terrible profit machine under the hood.
• 1:54
  While all this was happening at Coinbase Bitcoin Twitter was
• 1:57
  having a different debate, especially with Michael Saylor
• 1:59
  coming out and saying that they're going to sell Bitcoin in
• 2:02
  order to fund the dividends our products like MSTR and STRC
• 2:06
  Ponzi schemes. Coffeezilla is one of the most
• 2:08
  well known fraud investigators on YouTube.
• 2:11
  He sat down with Jeff Walton, known as Punter Jeff.
• 2:13
  He's one of the sharpest minds in Bitcoin financial products,
• 2:16
  and the question was simple. Is this whole thing a Ponzi
• 2:19
  scheme or not? Is an insurance company a Ponzi
• 2:21
  scheme? Is it an insurance company?
• 2:26
  A Ponzi scheme? Yeah, no.
• 2:28
  Why not? Because they they have business
• 2:32
  activities that are providing. Cash flows, They're taking on
• 2:34
  risk, they're taking on risk. Insurance companies have
• 2:39
  capital, and they're taking on risk to pay liability into the
• 2:44
  future. Here's the reality.
• 2:45
  Coffee, no, but they have absolute, they have, they have
• 2:47
  cash flow, they they have real business.
• 2:50
  Activities, the cash flow is the risk that they're selling.
• 2:52
  They're selling risk, right? So believe it or not, they're
• 2:56
  not. Believe it or not, believe it or
• 2:57
  not, almost 100% of the claims that get paid out on insurance
• 3:02
  company balance sheets is from premiums that they're collecting
• 3:04
  in the door. Almost 100%.
• 3:07
  OK. So under your definition, you
• 3:10
  would call an insurance company a Ponzi scheme?
• 3:13
  No, no, they have, they have real like profits.
• 3:15
  They have real cash flows. Their profits are everything
• 3:18
  that they keep in premiums minus the liabilities that they pay
• 3:21
  out. That is the business of
• 3:23
  insurance. They do sell risk, a risk that
• 3:26
  more times than not they won't have to pay out claims on the
• 3:29
  things that you are getting insurance for.
• 3:31
  That is their cash flows strategy has profits too,
• 3:34
  depreciation in their Bitcoin holdings minus their liabilities
• 3:38
  from their dividends or any debt obligations that they have.
• 3:41
  There is no difference. Let's continue.
• 3:43
  The profit coming from are the. Assets that are protected on
• 3:46
  their balance sheet, the reserves.
• 3:50
  Or or payment no, but people are paying for products look if an
• 3:55
  insurance if an insurance. What's the product?
• 3:58
  An, an apples to apples comparison is, let's say an
• 4:01
  insurance company was offering like a yield based on something
• 4:06
  and then they're like, what's the yield based on?
• 4:07
  Well, it's based on our balance sheet.
• 4:08
  Well, where's the balance sheet coming from?
• 4:10
  Well, we're selling this yield, right.
• 4:12
  So like that is not the same as an insurance company which is
• 4:17
  actually offering a product which is let's say I want to go
• 4:20
  insure my car, I'm paying premium.
• 4:22
  Equity, not a product. It's a stock, It's a potential
• 4:28
  preferred stock. It's a product.
• 4:30
  You're you're holding it. You're holding it for a reason.
• 4:34
  Well, you're, I'm holding it because I, I, I think I'm going
• 4:36
  to get paid a dividend. That's not a product I don't
• 4:38
  buy. NVIDIA is NVIDIA stock a
• 4:40
  product? Yeah, absolutely.
• 4:43
  Absolutely. No.
• 4:44
  No, their their GPU's are their products.
• 4:46
  They're not. But they're not.
• 4:47
  The stock is a product. The stock is a product.
• 4:50
  He can't cope. If you ever notice at any time
• 4:52
  that somebody from mainstream media or crypto bro can't hear
• 4:55
  the truth, they just yell and scream and turn into complete
• 4:58
  lunatics. You can see a psychopath from a
• 5:00
  distance. Bitcoiners have been saying for
• 5:02
  years that Bitcoin financial products are going to out
• 5:04
  compete normal native financial products.
• 5:07
  You're watching it happen in real time.
• 5:09
  Back to more lies and we sit. Here like it's.
• 5:11
  OK, it's a charade. It's a.
• 5:23
  This is a clip from a Utah County Commission meeting where
• 5:26
  the people are processing because, well, they don't want
• 5:28
  to give 40,000 acres to a Canadian billionaire who has no
• 5:30
  interest in their community to fund AI data centers which they
• 5:33
  will get no value and no use from other than skyrocketing
• 5:37
  electricity prices. Seems reasonable.
• 5:39
  Kevin O'Leary said that these people were fake busted.
• 5:43
  Kevin even said that some of them are powered by AIAI powered
• 5:46
  humans is a new wrinkle that I didn't even see.
• 5:48
  Come. Here's what he had to say about
• 5:50
  his credentials as a data center expert.
• 5:52
  How are you offsetting the? How are you?
• 5:54
  Offsetting these. Environmental concerns.
• 5:56
  Well, I'm. Actually the only.
• 5:59
  Developer of data centers on earth that graduated from
• 6:02
  environmental studies. So I'm pretty aware of what
• 6:05
  these concerns are. They are around air, water use,
• 6:09
  heat, noise, pollution. So sustainability is at the
• 6:16
  heart of what we do. In terms of all these proposals,
• 6:18
  we not just Utah, we have 10,000 acres in Alberta, Canada with
• 6:22
  the same concerns. This is about sustainability.
• 6:26
  You're the only guy building a data center with an
• 6:27
  environmental studies degree. Does anybody actually believe
• 6:31
  what this dude is saying right now?
• 6:32
  Many people think of Kevin as the host of Shark Tank, an
• 6:34
  investor, smart guy. But most people don't know that
• 6:37
  he sold a House of Cards called Soft Key International to
• 6:40
  Mattel, a global M and a conglomerate.
• 6:42
  After they bought Soft Key International, Mattel executives
• 6:45
  actually sued Kevin O'Leary because they realized that all
• 6:49
  of the revenue that they showed were accounting tricks and
• 6:51
  fraud. He walked away with millions of
• 6:53
  dollars and the company walked away with a House of Cards.
• 6:56
  And so now the CD-ROM fraud guy is now a data center expert.
• 7:00
  Bitcoiners have been saying if you can't protect your vote with
• 7:03
  some sort of financial power, with some sort of encryption, a
• 7:06
  wall of energy that cannot be corrupted or cannot be broken,
• 7:09
  well then your vote doesn't actually count.
• 7:11
  Those with the most influence can reorganize the chain or the
• 7:15
  truth to bend the wheel to their reality.
• 7:18
  This is a perfect example. Remember when Donald Trump was
• 7:20
  the no war president? It's funny how this clip from
• 7:23
  Rubio on Iran sounds just like Cole and how on a clip about
• 7:27
  Iraq. I think you're linking it the
• 7:29
  the operation is over. Epic Fury is a president
• 7:32
  notified Congress. We're done with that stage of
• 7:34
  it. OK, We're now on to this project
• 7:36
  of freedom. As far as a negotiation is
• 7:38
  concerned, I think the president's been clear that part
• 7:40
  of the negotiation process has to be not just the enrichment,
• 7:43
  but what happens to this material that's buried deep
• 7:46
  somewhere that they have still have access to if they ever
• 7:48
  wanted to dig it out. That has to be addressed.
• 7:51
  So the weapons of mass destruction are now uranium
• 7:54
  nukes. Well, we never found the weapons
• 7:56
  of mass destruction, and we're probably not going to get any
• 7:58
  more uranium. Bitcoiners have told you time
• 8:01
  and time again the only way to defund the war is by stopping
• 8:04
  the money printer. And if you.
• 8:05
  Want to stop the war machine? You have to.
• 8:07
  Stop the money. Printing machine which?
• 8:08
  Means we have to end the Fed. And I think.
• 8:10
  This is why the ethos. Has always.
• 8:12
  Been with Bitcoin and. The Fed.
• 8:16
  Speaking of rackets, AUS Congressman just said the quiet
• 8:19
  part out loud. Mega energy oil, you know, we
• 8:22
  get zero. I know it's a commodity and I'm
• 8:25
  going to get lit up that oil is a commodity in it, you know the
• 8:29
  world market. But we get 0 oil from Iran.
• 8:33
  Zero. We, we export oil right now and
• 8:37
  yet the price is going through the roof.
• 8:38
  It's going through the roof because it can, they can.
• 8:41
  And I always say, well, how does that gasoline in the pumps go
• 8:46
  up? It's been in the, they've
• 8:48
  already been processed, already been paid for.
• 8:50
  How does it go up exponentially just overnight, $0.20 a gallon
• 8:53
  or whatever? And how does that, and if that's
• 8:56
  because it's a commodity and merchant, you don't understand,
• 8:59
  how come that quart of oil that you at the hardware store
• 9:02
  doesn't go up like that? Wouldn't it?
• 9:05
  It's processed oil, wouldn't it do the same?
• 9:07
  And of course, diesel, it's your first cut.
• 9:11
  I think it's kerosene and then it's diesel and diesel and I've
• 9:14
  got a diesel Dooley. I filled it up yesterday is over
• 9:17
  $100. You know, it is the cheapest, it
• 9:20
  is the roughest cut. You know, that's why you have
• 9:23
  these incredible filters because it's dirty and gasoline is the
• 9:28
  third or fourth cut and it ought to be the most expensive, but
• 9:32
  it's not. I just think it's a racket.
• 9:34
  And every time they, they'll hold the hearings and they'll
• 9:37
  come down there and, and, you know, and the oil companies or
• 9:42
  you know, they'll shake that money tree.
• 9:43
  They know how to do it on both sides of the aisle.
• 9:46
  We get 0 oil from Iran 0, yet all the prices continue to go
• 9:50
  up. This is from a sitting
• 9:52
  congressman on the record. Whether it's big oil, crypto
• 9:55
  exchanges, AI, data centers, the result is always the same.
• 9:59
  The people at the top extract at the expense of the people at the
• 10:02
  bottom, unless the people at the bottom can properly defend
• 10:05
  themselves. Here's the truth.
• 10:06
  We're in a trustless, permissionless world.
• 10:09
  And Bitcoin is a trustless, permissionless asset.
• 10:13
  That was from a Charles Schwab executive, not me.
• 10:15
  We're moving into a trustless world, a world where even people
• 10:18
  don't trust their own governments.
• 10:20
  We were all just sweating bullets trying to get our taxes
• 10:22
  done before April 15th. You know the process where they
• 10:24
  know exactly how much we owe, but they don't tell us how much
• 10:27
  we owe. And if we don't pay them what
• 10:29
  they owe, they come after us. And if we pay too much, well,
• 10:32
  they never give Give your money back.
• 10:34
  None of it even matters because they can just print the money
• 10:36
  out of thin air. It's all an illusion.
• 10:39
  It's all a lie. The big corners have been saying
• 10:41
  from the beginning of time. Someone could ask, well, so if
• 10:44
  the government can print the limited amounts of money out of
• 10:48
  thin air, why did they collect taxes?
• 11:00
  I mean, a theory would make sense right?
• 11:02
  If they can print unlimited amounts of money, why would they
• 11:05
  need taxes for? The answer is simple, but it's
• 11:09
  very shocking. The real problem is that you pay
• 11:14
  high taxes only to uphold the illusion that you are funding
• 11:19
  the government, which you are not.
• 11:25
  It's shocking, but it's true. The government is funded by
• 11:30
  money, printing paper backed with paper, a bubble that will
• 11:38
  inevitably burst. The situation is even worse than
• 11:43
  it seems, because if most Americans and the rest of the
• 11:47
  world were to become aware of this farce, confidence in your
• 11:51
  currency would be lost. The dollar will fall, and the
• 11:56
  Western civilization with it. One of the ways that you can
• 11:59
  escape the financial rat race is by holding an asset that allows
• 12:03
  you to borrow against it and not enter the existing financial
• 12:06
  system. That's why Leadin was created.
• 12:08
  They allow you to borrow from your Bitcoin holdings and stack
• 12:11
  without selling your Bitcoin holdings and stack.
• 12:13
  Your Bitcoin is not re hypothecated.
• 12:15
  You can see it on chain in the actual platform.
• 12:18
  Fiat can get to your account in less than six hours.
• 12:21
  Go to learn dot leadin dot AO slash simply to get started.
• 12:23
  They said if you work hard and you build a company by your
• 12:26
  bootstraps, you'll be rewarded. And I can't think of a better
• 12:29
  example than Uncle Jeff or Jeff Bezos from Amazon.
• 12:33
  He's crop dusted every doorstep in America with cardboard boxes
• 12:36
  clogging in the neighborhood streets with those big prime
• 12:39
  blue vans that you can't drive past even if they try to park on
• 12:42
  the side. Oh, yeah.
• 12:43
  Even Uncle Jeff, who created 1.5 million jobs is now being
• 12:47
  attacked by the establishment. He wants to get a boat or a
• 12:49
  yacht or have a party at the Met Gala with the money that he's
• 12:52
  created with the 1.5 million people that he employs.
• 12:55
  Bernie Sanders had something to say about this.
• 12:57
  And you know this is that when even grifty shifty had something
• 13:01
  to say back to him. So you're telling me if I run a
• 13:03
  daycare in Minnesota, I'm an entrepreneur, but if I built one
• 13:06
  of the five most valuable companies in the world, I'm a
• 13:09
  fraud? It's not just Bezos to coming
• 13:11
  for Kane Griffin too. Mom, Donnie, we told you was
• 13:14
  going to tell the lies just to get elected.
• 13:16
  And once he got in, he was going to implement unfair taxes to go
• 13:20
  after the rich and the wealthy, the people that are bringing the
• 13:23
  money, the jobs and the industry to New York.
• 13:25
  But Ken Griffin, CEO Citadel, was like, Nah, I'm out.
• 13:29
  And now and now with the Mayor of New York has made clear to my
• 13:33
  partners and principally my New York partners, my New York
• 13:36
  partners, is that we need to double down on our bet in Miami.
• 13:40
  Because we want to be in a state that embraces that embraces
• 13:45
  business, that embraces education, that embraces
• 13:50
  personal freedom and liberty, and that embraces people having
• 13:54
  an opportunity to live the American dream.
• 13:57
  Bitcoin has been saying this all along.
• 13:59
  Bitcoin is the only true free financial market.
• 14:01
  It's the only real solution to the problems that we're facing
• 14:04
  today and. So what Bitcoin is doing is it's
• 14:06
  imposing the first free market that's ever existed.
• 14:10
  And, and it's I, I specific specifically said imposing it
• 14:14
  doesn't care what you think of it.
• 14:15
  It doesn't care how you want to measure it.
• 14:17
  It's imposing it. And, and, but, but because we've
• 14:22
  never lived in that system, we don't have a mental model for
• 14:25
  what that looks like. So we've always lived in a 0 sum
• 14:27
  game where if you had a bigger army, you can invade and steal
• 14:31
  somebody else's gold or raw materials and you could put them
• 14:34
  under slavery for you. And inside the country that had
• 14:37
  the biggest army you looked, you could win at their their loss.
• 14:41
  But it was always a 0 sum game. And then we replaced that system
• 14:44
  with a monetary theft that did the same thing.
• 14:47
  So but we didn't have to invade them, we just did it with the
• 14:50
  currency. But the free market is an
• 14:53
  infinite game, completely infinite because you have to
• 14:58
  choose and somebody has to deliver you more value and
• 15:01
  everybody wins. If you look at your calculator
• 15:04
  app on your phone today, where is that in GDP?
• 15:09
  Do you gain value from that? Should it go up in price because
• 15:15
  people are making you want to tax the calculator app to make
• 15:18
  more money to pay for arbitrarily rising prices?
• 15:22
  The point is the technology is that allows us to do more with
• 15:26
  less forever. So this brings us up to a number
• 15:33
  of different observers observing what's happening in real time.
• 15:37
  An observer won in credit money. This observer is the vast part
• 15:44
  of the population and this observer believes that money is
• 15:47
  systems foundationally sound. The money works, experts manage
• 15:52
  it, and inflation is normal. They question what rate of
• 15:56
  inflation rather than is inflation normal.
• 16:00
  And this would be an easy lie to believe.
• 16:03
  Everything they've ever known, every history book economist
• 16:07
  spoke this over and over, all the experts.
• 16:10
  They operate within a system that's in direct opposition to
• 16:13
  the free market and and fight within that system about which
• 16:18
  side is right. And the expansion of money that
• 16:22
  has to keep happening from the credit based system because it
• 16:25
  can't stop, otherwise it would all fail.
• 16:29
  The expansion of money leads to asset inflation, inequality,
• 16:33
  cost pressures. This leads to debt dependence
• 16:37
  and increasing fertility in the system.
• 16:40
  But because each person looks from that system to their hero
• 16:44
  to solve the system, the problem that the system can't resolve,
• 16:49
  they divide. They naturally divide this
• 16:53
  person that this person's going to save me, this person's going
• 16:55
  to save me. And and that credit money keeps
• 16:59
  on expanding, leading to more and more division of society,
• 17:02
  leading to larger interventions, leading to misallocations of
• 17:05
  capital, leading to fraud, leading to greater instability.
• 17:09
  If you want to remove power from the existing system, like Jeff
• 17:11
  Booth talks about what you need to run your own node and you
• 17:14
  need to manage your own keys. But you need to know how to do
• 17:17
  this the right way. Don't just go at it alone.
• 17:20
  Get a coach from the Bitcoin Way.
• 17:21
  They'll help you, your friends, your family.
• 17:23
  Take sovereignty of your wealth. The right way to help you set up
• 17:26
  your Bitcoin node privately, safely, securely, confidently,
• 17:29
  so you can pass your keys and your coins to future
• 17:31
  generations. Schedule a free 30 minute
• 17:33
  meeting with the team by going to the
• 17:35
  bitcoinway.com/partner/dante Dash Cook.
• 17:39
  They'll hook you up. Talk a polar money, which I
• 17:41
  think is a good way of emphasizing the value
• 17:43
  proposition of Bitcoin, which is that we live in a unipolar world
• 17:47
  order where the US has the dollar and when we discuss
• 17:51
  alternatives it's either another unipolar world order or a multi
• 17:56
  polar world order. But Bitcoin offers us something
• 17:58
  truly new which is an A polar world order, a monetary world
• 18:03
  order that is not built around 1 government having an exorbitant
• 18:07
  privilege. So I'm going to 1st begin by
• 18:10
  identifying some of the main problems with government money
• 18:12
  both domestically and internationally.
• 18:15
  The biggest problem which I talk about extensively in my books is
• 18:17
  inflation. If you look at the last 60
• 18:19
  years, the average Fiat currency has increased in supply by about
• 18:24
  14% per year. The best, better Fiat currencies
• 18:30
  like the dollar, the yen and the euro have increased at about 6,
• 18:34
  seven, 8% per year on average. And the worst ones have gone up
• 18:37
  by 20-30, forty, 50% on average. So this is devastating.
• 18:43
  And of course, the other problem with government money is
• 18:45
  hyperinflation. Only government money does
• 18:48
  hyperinflation. As the great Ludwig von Mises
• 18:51
  used to say, only government can take a perfectly good commodity
• 18:56
  like paper, sprinkle some ink on it, and make it worthless.
• 19:00
  That is only happened with government money.
• 19:03
  The US government's only value had right now it's to spring
• 19:06
  some ink on a useful commodity and make it useless.
• 19:09
  Bitcoin is the only solution to the problems that we're facing.
• 19:11
  Bitcoiners have been telling you the only way to stop the war
• 19:14
  machine is to defund the money printer.
• 19:17
  The only way to actually have power and protection of your
• 19:19
  vote. If you're a middle class or
• 19:20
  rural farmer in Utah protesting a 40,000 acre data center in
• 19:25
  your town, in your community, well, you need the capital to
• 19:27
  stand up and fight. If you don't have the capital,
• 19:29
  well, it doesn't matter. They told you the crypto was
• 19:32
  taking over finance. It's definitely not.
• 19:35
  Bitcoin is going to take over the Swift and Fed wire
• 19:37
  settlement networks. It is going to be the
• 19:39
  predominant and pre eminent form of global sentiment payments
• 19:43
  across the world. Layer twos will be built on top
• 19:46
  of Bitcoin so that they're decentralized, they're fast,
• 19:48
  they're quick, and all things are still recorded on chain.
• 19:50
  Lightning is still coming. They told you that Bitcoin
• 19:53
  mining was bad for the environment, yet now they're
• 19:56
  putting AI data centers in your house saying that it can utilize
• 20:00
  energy when you're not using the energy.
• 20:02
  The same thing that Bitcoin has been saying the whole time.
• 20:04
  The lies are being exposed for what they truly are, lies.
• 20:08
  But you're going to be on point because you subscribe to shows
• 20:10
  like these. You subscribe to the simply
• 20:12
  Bitcoin channel where we drop alpha like this seven days a
• 20:15
  week. Still feeling a little sick, but
• 20:17
  glad to be back. Sorry for all the fans that I
• 20:19
  didn't get to see at the Bitcoin Vegas conference.
• 20:21
  This is Dante Cook with Bitcoin. Simply happy stacking. 01 last
• 20:25
  thing Bitcoin difficulty just dropped 2.3%, the 6th drop of
• 20:29
  2026 Hash prices up 13 1/2% over the last 30 days with the
• 20:34
  difficulty falling in the hash price rising.
• 20:37
  Well, your miners are now becoming more valuable.
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  You're earning more Bitcoin per day with less network
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  competition. This is one of the best times to
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  get into Bitcoin mining. Get in by working with a partner
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  like SAS mining, the leader in Bitcoin mining.
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  You give them money to help you to find the right machine.
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  They plug you into low cost, cheap, 100% free renewable
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  energy and they just sent that straight to your wallet.
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  Don't miss out on one of the best times to get into Bitcoin
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• 21:02
  We're out.