Latest / Simply Bitcoin / Senator Lummis: US Treasury Hostile Towards Bitcoin | EP 565

Transcript

Senator Lummis: US Treasury Hostile Towards Bitcoin | EP 565 · Simply Bitcoin

0:16
Yeah, welcome assembly, Bitcoin live.
0:18
We are your number one source, for the peaceful Bitcoin
0:21
Revolution, we cover the news, the culture, the fails me, Matic
0:27
Warfare. All of it today we have a very A
0:30
special show lined up. We're going to talk about what
0:33
the implications are of. No, the recent move by the US
0:38
Treasury. Sanctioning an open source tool.
0:41
But today's news was Russia and Iran were signaling that they
0:47
were going to use Bitcoin to facilitate overseas trade and we
0:51
have the perfect guests to talk about that.
0:54
We have regulatory Jason, he works at Bitcoin policy
0:59
Institute, we had David Zelli's, one of the founders on the show
1:02
before. So how you doing Jason?
1:04
Welcome to the show. Thank you.
1:07
I'm doing great really excited about the different topics.
1:11
We're going to talk about. Yeah, it's going to be a great
1:14
show and of course the legendary Optimist Fields.
1:17
How you doing Opti? What's up Nico?
1:20
I am doing good feel good. Apparently.
1:23
Lost track of what day it is but we're here and yeah, guys, I'm
1:29
excited. For this one, you know, I love
1:31
hearing Niko's taken and we have a great guest for what's going
1:34
on today. So this is going to be good.
1:35
One, of course, in the culture I'm going to cover Jimmy songs
1:38
article that he just dropped. Bitcoin can heal Fiat
1:41
relationships, think you guys are going to love this one.
1:43
So let's just get into this one. Yeah, it's going to be a great
1:47
show. Let's start it.
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estimated hash rate estimate. 208 EXA hashes realized monetary
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inflation 1.78 percent market capitalization 385 billion US
3:03
Dollars Bitcoin still a baby. Anyways, what I want to talk
3:07
about today was some comments that Cynthia, lummis had at the
3:12
bit block. Boom, conference over the over
3:14
the weekend. She had a fireside chat with
3:18
Parker Lewis Of unchain capital. And someone asked her a question
3:22
that you couldn't hear what the question was.
3:25
But her response I think really, really I think it really meant
3:29
something and I think, it think it really revealed who is really
3:34
hostile towards Bitcoin in the US government and I'm glad
3:38
because we have regulatory Jason.
3:40
That's what the Bitcoin policy Institute is all about, right?
3:43
I'm going to talk a little bit about that, but first, let's
3:46
play the video and then we'll talk about it.
3:48
The most, in my opinion. Now, I'm just giving you my
3:51
opinion. Treasury is the most hostile.
3:56
Some people point to the SEC is the most hostile.
4:00
I completely disagree. I think Gary Gensler is much
4:04
more knowledgeable about this than people give him credit for.
4:08
And he will say publicly and has said publicly, Bitcoin is a
4:14
commodity and of course, the cftc.
4:20
The commodity Futures Trading commission is very Pro.
4:26
Developing the spot market and Futures market for these assets.
4:33
So I think we're good to go at the commodity Futures Trading
4:38
commission, we've got to work some work to do it at the SEC,
4:44
but the most work is going to be at treasury.
4:48
Now, when Janet Yellen became the treasury secretary, she I
4:56
was really, I would say quite hostile and she has softened her
5:03
views somewhat which is encouraging.
5:09
I suspect that really Gary. Gensler has been playing a role
5:15
in helping soften her views but she seems to be very close to
5:22
Elizabeth Warren and that's a Go Forest that I think is our most
5:32
rigid opponent and so we're going to be struggling there but
5:42
I think we're making a little bit of progress.
5:45
Maybe not specifically with Senator Warren, but with people
5:50
that are still in her orbit, this is it's going to be a heavy
5:54
lift, especially on. On the Banking Committee, which
5:57
I'm on because Elizabeth Warren's on band.
6:00
And so our work with treasury is going to be to, you know, try to
6:04
keep their their myths. So regulatory Jason, you're part
6:13
of keeping the myths of away from treasury away from Bitcoin.
6:19
I'm sure you have. I'm sure, you know, a little bit
6:21
more than we do. What's going on in what's
6:24
behind. Of course, we have our
6:26
Suspicions, we're going to cover that during the news.
6:28
But what's behind this hostility from the US Treasury and your
6:31
opinion. You know, one thing and show me
6:41
the incentive, and I'll show you.
6:43
I think, I think that in, in Washington, d.c. that is What's
6:49
some buddies and game? They had, what are they trying
6:52
to make me? And and I think what you heard
6:56
is in your value, your audio is cutting in and out.
7:02
Unfortunately, sorry you hear me.
7:05
Okay. Now you know it's still it's
7:08
still a little bit choppy unfortunately.
7:11
Sorry. Anyways so while we figure that
7:19
out, dude look so now it's going to get a little bit of Nico.
7:25
Jones Opti ish. Look why would the why would the
7:30
treasury be hostile? I mean, in my opinion, right?
7:34
I think Bitcoin, fundamentally challenges.
7:38
One of the most potent weapons in the US, government's our
7:44
Arsenal to And overseas politics, right?
7:49
Which is the weaponization of the weaponization of, you know,
7:53
the US dollar and they use that, they use that through sanction
7:59
policy to try to implement regime change overseas, right?
8:04
So, I mean, I think it's a no-brainer.
8:07
Why why? Janet Yellen would be against
8:12
Bitcoin, now, Elizabeth Warren. That's a whole other, you know,
8:15
topic. That I don't want to cover
8:17
today. I want to cover specifically the
8:19
US Treasury, but I mean, look, this is part of the separation
8:22
of money and state, right? Like this is what it's all
8:24
about, right? This is They're not going to
8:28
just give over the keys lightly. And now the big question that I
8:31
have for you guys is, do you believe that current US
8:35
sanctions policy is? Kid it work with Bitcoin.
8:41
This open monetary Network? That's a big question, right?
8:45
Remember what happened when Afghanistan?
8:48
I mean, when the United States pulled out Afghanistan, one of
8:50
the first things that they did was cut it off from the Global
8:54
Financial system. They've done that, the u.s.
8:56
government has done that to Cuba the US, government's done that
8:58
to Iran. The US government's done that to
9:00
Russia. The US government's done that to
9:01
North Korea and because the world uses the dollar, as the
9:05
global Reserve currency, the dollar is used to facilitate,
9:09
Trade worldwide, even if it's not the United States involved
9:13
in the transaction, right? Even if it's just to foreign
9:15
countries and you know, they're trying to close a deal.
9:19
What tends to happen is that they use the dollar looks like
9:21
Jason's back. I can hear.
9:26
Hey, you're still a little choppy, unfortunately.
9:29
Okay. Yeah, okay, so hear me is this
9:35
better. It's coming in and out.
9:39
Unfortunately. Anyways, Opti where your
9:42
thoughts? What are your thoughts on this
9:43
brother? Well, I vividly remember this
9:47
moment at B Block boom and I absolutely love this take by
9:52
Senator lummis. It kind it made me.
9:57
You know you know me. I'm just the resident tinfoil
9:59
hat. We're so like I just
10:01
fundamentally start from the position that if you're in
10:04
government. I just don't trust you and You
10:08
know, I know that Gensler like should know better.
10:12
He did teach, you know, Bitcoin and blockchain courses at MIT
10:16
and and you're the one that accepted the idea in my head
10:20
like Gensler is not a friend of Bitcoin.
10:23
But we know for sure that Janet Yellen does not like Bitcoin or
10:28
bitcoiners considering that we turned her into one of the
10:30
greatest memes. So it just melts.
10:34
It's only fitting that she would be this aggressive.
10:37
Towards Bitcoin because like you know when you get dunked on and
10:41
people make fun of you like she's a running meme.
10:43
So like of course she's going to have some kind of emotional
10:47
connection with dunking on bitcoiners but you know as
10:52
Senator Thomas said, genzler is not as Anna Faris as we may
10:56
think as bit corners of course we come from the position that
11:00
you know I don't trust any politician first and foremost is
11:03
kind of like where I'm where I start from.
11:05
But I do love seeing I did love see love to see Senator llamas
11:11
dunking on Janet Yellen and Elizabeth Warren because I we do
11:14
it all the time and to see a senator do it.
11:17
It's heartwarming and just to answer your question Niko.
11:20
We're going to cover in the news but yeah, we know sanctions
11:22
don't work in Bitcoin. Like you can't ban Bitcoin, you
11:25
can only ban yourself from Bitcoin.
11:27
So, you know, I'm just interested to see where this is
11:31
all going to play out. Like we're on the front lines
11:33
bit Corner. Still unaffected just like stay
11:36
humble Stacks at school. Your Bitcoin into Cold Storage.
11:38
This is why we tell you guys these, you know, this is why we
11:41
tell you the Bitcoin. Cliches is because if you do it
11:44
correctly, You are unaffected. And and we know that we know
11:49
that Bitcoin isn't going to get regulated by the SEC.
11:52
We know that Bitcoin is is different than all the shit
11:56
coins so it just it is what it is but I'm very interested.
12:01
Hopefully, we can get Jason in here with the right connection
12:04
and I because I'd love to hear his take because I like I said,
12:07
you know, I am the one that just like I used to tune it out
12:10
completely and now I'm starting to lean into it.
12:13
Hello interesting. Hey Jason, why don't you try
12:18
going Audio Only? And I think that might make it a
12:20
little bit better. There we go.
12:25
Anyways let's Jason. What are your takes on Janet
12:29
Yellen and her comments a bit block, boom.
12:38
Let me try that again. Jason, could you hear us?
12:47
All right, looks like Jason's, having some issues, let's chat
12:51
FM at, let's move on to the news.
12:53
We got some interesting news today, let's check it out.
12:58
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simply Bitcoin live. So usually, the stuff when we
13:32
did a pre-recorded show, be able to cut out all the mistakes, all
13:35
the connection issues, all the audio issues, but because this
13:38
is live, we have to roll with it, but don't worry some crazy
13:42
news today. Let's check this out.
13:44
This article by Bitcoin magazine.
13:46
This is is a big deal and I'm going to tie it up with the
13:49
Cynthia lummis video that we played for you guys in the
13:51
beginning. The name of the article for
13:53
audio listeners is Iran green, lights, Bitcoin and crypto
13:56
payments for imports report Iran pass an act which enables the
14:00
use of Bitcoin and cryptocurrency payments for
14:03
imports, through a comprehensive legal framework, / report from
14:07
legal, news Outlet to Zen mm, Iranian Minister minister of
14:11
Industry, mind and trade Riza Fat, Amy revealed that the
14:15
recently passed laws. The finds regulations on
14:17
cryptocurrencies addressing Supply, concerns for fuel and
14:20
electricity costs for Mining and provides authorization for the
14:23
administration to use crypto currencies.
14:26
The minister reported reiterated.
14:27
The authorization was an agreement between the finish of
14:30
the ministry of industry. In the Central Bank, arguably
14:33
suggesting a multi Department consensus on the viability of
14:36
Bitcoin, as of, here's the signal out of this, entire
14:39
article, going to read it again, arguably, suggesting a
14:44
multi-departmental consensus on the viability.
14:46
Ability of Bitcoin as a means for international payments.
14:52
Fat Amy. Also noted that local businesses
14:54
will also be able to import Vehicles by using Bitcoin
14:58
instead of the US dollar or the euro to see me.
15:00
Highlighted the move comes on the heels of an August 9th
15:04
announcement but the head of Iran's trade promotion
15:07
organization saying the country registered its first import
15:10
order process with cryptocurrency, the order was
15:13
reportedly valued over 10 million u.s. dollars.
15:18
Now on the heels of this announcement very quickly,
15:21
Russia also now also made something signal, also signaling
15:25
that they're going to do the same.
15:26
This is a quote by a Russian Minister.
15:29
He says, we need to intensely develop Innovative areas
15:33
including the adoption of digital assets.
15:36
Check this out. This is a safe alternative for
15:39
all parties that can guarantee uninterrupted payment for the
15:44
supply of goods from abroad and for export.
15:47
Now it's interesting. Why would the u.s., why would
15:50
the Iranian government? And the Russian government be
15:54
signaling that they want to use on alternative means of payment.
15:58
Well here is the sanctions programs and Country information
16:02
from the treasury dot gov website, right?
16:05
The same treasury that Cynthia lummis was talking about.
16:07
I'm going to tie it in bear with me guys, and if you look at
16:10
their sanction list, Iran sanctions.
16:14
From 20 21 and the sanctions from 2022, right?
16:18
So obviously, if the US government sanctions a policy
16:22
and the u.s. dollar is the global Reserve currency.
16:25
Meaning, it's usually used to facilitate trade, that gives the
16:29
US government. A tremendous amount of Leverage
16:32
to dictate what country can and what country cannot use.
16:35
The u.s. dollar. Now before Bitcoin, there was no
16:38
other good alternatives. Until Bitcoin and then, right?
16:45
It's becomes incredibly obvious why they're going to try to use
16:49
Bitcoin and shit coins but we all know it's really Bitcoin.
16:53
To try to facilitate International Trade, basically,
16:56
using that to circumvent us sanctions.
17:00
Now, it starts to kind of make sense why the treasury would be
17:03
hostile towards Bitcoin in the first place.
17:08
And then tie this in guys. I know you don't forget, I know
17:10
you. I know you didn't forget about
17:12
this the Privacy tool sanctions before I get that I want to read
17:16
what the definition of a sanction is.
17:19
So as economic sanctions are commercial and financial
17:21
penalties, penalties applied by one or more countries, check
17:25
this out guys, against a targeted self-governing, State
17:29
group or individual does it say technology there?
17:33
It's a technology since group individual or country, but as we
17:38
saw August 8th. US Treasury sanction of policy,
17:43
tools. Places sweeping restrictions on
17:45
all Americans. How is adding tornado cash to
17:49
the sdn list? Different from past ofac
17:51
sanctions, a smart contract is a robot, not a person.
17:54
It is a software that resides on the theory and blockchain.
17:57
If a contract is credibly decentralized than the original
18:00
authors of that contract could be hit by a bus and the service
18:03
would sit would continue to work as such today's action.
18:07
Does not seem so much a sanction against a person or entity.
18:10
See what agency it appears instead to be the sanctioning of
18:13
a tool that is neutral and character.
18:16
And that could be put to good or bad uses like any other
18:19
technology. It is not any specific bad
18:22
actor, who is being sanctioned but instead it is all Americans
18:25
who may wish to use this automated tool in order to
18:28
protect their own privacy. While transacting online, we're
18:31
having their Liberty curtailed without the benefit of any due
18:33
process. Sanctioning it tool that is not
18:36
an alias of any person. Meriting sanction is
18:38
substantially different from typical All usage of the sdn
18:41
list. It is a band antenna technology
18:44
and not a sanction against a person.
18:46
And now, why would the US Treasury want to ban a
18:48
technology? And remember if they could and
18:51
don't be distracted by the shit coronary because at the end of
18:54
the day, tornado cash was an open source project of which the
18:58
developer was arrested. It's almost as if the US
19:02
Treasury is trying to set a precedent on whether they can
19:06
and cannot sanction open source software.
19:10
And why would they want to do that in the first place?
19:13
Well, it's becoming incredibly obvious because it countries are
19:18
using the technology to circumvent us sanctions policy.
19:25
Obviously Iran Russia and this is just the beginning.
19:30
So this goes back to one of my original points and I'm an
19:33
American and I love this country, I love what it
19:36
represents. But we really have to ask
19:40
ourselves is current u.s. sanction policy.
19:45
Which gets to dictate what country what populations can and
19:49
cannot use u.s. dollars or better said can and cannot
19:54
transact with the US. The US economy with you know the
19:56
US Financial system is that type of system.
20:02
Compatible with Bitcoins, open monetary Network.
20:06
And that's really, really good question to ask.
20:09
And that's a question that we all have to really ask
20:11
ourselves. Because this is just the first
20:15
inning that I suspect this will continue to escalate and
20:18
remember what the treasury has been trying to do.
20:21
They've been trying to implement the old system on top of
20:24
Bitcoin. Remember the office of foreign
20:27
assets control was behind Mara pool and Marathon censoring
20:32
Bitcoin blocks. We know that doesn't work right
20:35
but we also know that the office of foreign assets control was
20:38
also behind sanctioning this open source software that Was
20:43
facilitating privacy. But for everybody, so Man, this
20:52
it's incredibly obvious that this is going to be a
20:55
contentious issue in the next couple of years.
20:59
Let's see if regulatory Jason is back.
21:02
Can you hear us? Jason, I can hear you great.
21:05
Can you hear me? Awesome perfectly.
21:07
All right. Yes.
21:08
Hey, you're coming and great. All right, is that?
21:12
Okay, so Jason, how I write my name.
21:17
Thanks man. Thanks, man.
21:18
Am I actually if I think if you turn off your video, I think
21:22
your audio is coming in a little bit better.
21:25
Let's try that, how's that? Is that good?
21:30
I'm gonna think it sounds better to me.
21:32
Awesome. Okay so Jason what we were
21:34
talking about as a making the case that everybody that the
21:37
recent news for man, there, green-lighting, Bitcoin, and
21:40
shit, coin payments for imports and then Russia basically
21:44
signaling that they're going to do the same is and the reason
21:47
that they're doing that is because they're trying to
21:49
circumvent current US sanctions policy in the case that I was
21:53
trying to make is I think a hard question for policymakers Right?
21:57
And you know, this goes up your alley, right?
22:00
You guys, you know you guys doing your bit, right?
22:04
Is that a discussion that's being had, or are people in the
22:08
government doubling down on their ability to control money?
22:15
Thanks me, go. I think that what you're seeing
22:21
is what a horrible consequences coin is that publishes which is
22:28
troll that anyone government currency.
22:35
There's a reason right? I picked out of China.
22:39
And come, you know, of the mining facilities there.
22:43
Jason I'm fortunately your audio still coming in a little choppy
22:48
air coming in and out and fortunately we can bring them
22:50
into the Twitter spaces coming out to other spaces.
22:53
Try coming into the Twitter spaces after the show and then
22:55
we can continue on here unfortunately.
22:58
All right, all right. Well, thank you, thank you for
23:00
coming on. Jason, we appreciate it.
23:02
Simply Bitcoin live, simply Bitcoin live, simply Bitcoin
23:05
lat. Anyways, Opti back to back to
23:08
us, I guess. Dude, this is, this is fucking
23:11
crazy and I think we actually anticipated this.
23:14
Just based on the game theory. Yeah, man.
23:17
I mean, I said all the time, you know, you can't ban Bitcoin.
23:20
You can only ban yourself from Bitcoin and, and this is
23:23
inevitable. And like I said, on Twitter when
23:26
we drop this news, you know, when we did the breaking news
23:28
tweet, it's like it's happening dot GIF.
23:30
We've been, I don't know how long bitcoiners have been saying
23:33
that. It's only a matter of time until
23:36
countries that are on the sanction list.
23:39
Just realized that Bitcoin is the solution to this.
23:42
It's like I've said it before and I am an American.
23:46
So don't call me, you know, anti-American or whatever.
23:48
But like who gave America the role of global police?
23:52
It's because we have the money printer is because, you know,
23:56
everyone is reliant on our debt to continue to facilitate, you
24:01
know, what they're doing in their countries.
24:02
And so again, I am the resident skeptical Bitcoin her on the
24:07
show. Nico does.
24:09
The news, the bullish signal, and I'm just like the pleb,
24:13
that's like, man, I don't trust all these people.
24:15
I got my tinfoil hat on, but there was a lot of talk on
24:18
Twitter in regards to this tweet.
24:20
When we put it out that, like it's not really sure whether
24:24
Russia what Russia means by digital assets.
24:26
But I doubled down until I guys, we know that Bitcoin is the only
24:31
truly decentralized coin. So if they really are going to
24:35
double down on this Narrative of trying to Route Around
24:38
sanctions, Ins then we know that they're going to be using
24:41
Bitcoin. And so we do know that, you
24:44
know, bricks and the bricks Nation are talking about
24:48
creating their own Swift system, their own CBC type coin.
24:51
So you know it, I think it's only a matter of time until we
24:55
see exactly, which route they go.
24:57
Whether this is, you know, what was just saying.
25:00
Like whether this is them just talking hot air or whether they
25:03
are actually trying to do what the, what the narrative is.
25:07
But we know that The only coin that can do this for them.
25:11
If this is what they really want to do to minimize the global
25:15
police that is the United States and the US dollar furthermore is
25:19
to use Bitcoin, Bitcoin can't be stopped.
25:21
You know, there will always be someone that will take your
25:24
Bitcoin if you give them a high enough fee like miners will put
25:27
the transactions into the blockchain as long as they are
25:31
paid for that process and so but furthermore, We do know like
25:38
Nico is saying that the powers that be the central bankers and
25:41
the cronies. And at look, this is my opinion.
25:43
Like, I fundamentally believe that the central bankers and
25:48
their cronies you know, the bureaucrats, the government
25:50
officials like they know what Bitcoin can do to their power.
25:53
And this is why they fight Bitcoin.
25:54
This is why they Fudd Bitcoin. This is why they must stop the
25:58
escape hatch. That is Bitcoin.
26:00
And so, someone did mention in the, in the Twitter, Twitter
26:04
thread that this will Use to like we will be all called
26:09
Russian assets and I just jokingly double down.
26:11
It's like we went from a literate, psychopaths are
26:14
financially literate, Psychopaths to Russian Assets in
26:17
less than one year. So guys, you know where this
26:20
narrative is going to go, you know, how they're going to spin
26:22
this PR, so it's upon us to double down even further and be
26:26
like, look, this is a feature, not a bug, no one should be in
26:29
control of the money and everyone should be allowed to
26:33
transact freely, whether you like them or not, you know,
26:36
Bitcoin is As for enemies, I don't have to like you for you
26:39
to use Bitcoin. This is a feature, not a bug.
26:42
We now have a money that cannot be controlled by any small group
26:45
of people and look, say what you want about certain people.
26:49
But I fundamentally believe that, hey, you should be able to
26:54
transact freely, it's back to that quote, that that we, that
26:58
have been attributed to vote are in regards to speech.
27:00
Like I may not like what you say, but I will fight for your
27:03
death to say it and we double down his big Corners.
27:06
Hey, I may not You all your politics, but you should be able
27:09
to use money without being canceled, and shut off and
27:12
starved from the system. We are all humans.
27:14
We are all trying to make our way in this world, and Bitcoin
27:18
allows this whether you but you agree with, you know, the
27:21
politics here, whatever, or you may agree with it.
27:23
Do you claim that do what's up, do you blame these countries,
27:28
right? They do.
27:29
Blame these countries for trying to find you know, an
27:32
alternative, right? I think it's I think it's there,
27:35
right? Like not Are right?
27:37
I think it's it's purely incentives.
27:40
Like they have to do this for their people, they have to do
27:43
this for their businesses. It's just what we say all the
27:46
time Bitcoin incentive stay winning and another thing,
27:50
right? Like I think we were all
27:51
promised with these sanctions that they would, you know, the
27:55
problem with Russia is the same thing, right regime change,
27:59
right? Like that's what we're promise
28:00
is a regime change. That's where these sanctions are
28:02
important. And look at the situation that
28:05
Europe is currently. Itself in, we covered this
28:08
yesterday where they sanctioned Russia.
28:12
And Russia was providing 25% of the natural gas to Europe and
28:16
the European Energy prices are now parrot like going parabolic
28:20
so it's like the sanctions help. The people of Europe know, it
28:23
made them poor and they might freeze this winter.
28:26
Right? What has been the net benefit of
28:29
us? Sanctions policy to Americans.
28:34
Absolutely nothing II. Don't know.
28:37
I think that we were sold something that isn't true and I
28:40
think that European examples is a great example.
28:43
So and unfortunately, we had, we wanted to talk to Jason about
28:46
that because the Bitcoin policy Institute, it's in the front
28:49
line them and coin Center and we wanted to talk about.
28:53
Hey are you having the discussions of look trying to?
28:58
Because you have to understand where governments are right.
29:00
Now, they're in the bargaining phase where they're just like
29:02
okay we could make Bitcoin into an extension of the old system.
29:07
And that's exactly what they're trying to do, right?
29:09
With the ofac policy. Now, ofac is sanctioning open
29:13
source, software. So are we having those
29:16
discussions where you're trying to say, hey, you know what, we
29:19
can make Bitcoin into that or we trying to have the actual real
29:23
discussion that needs to happen. Which is guys, I don't think us
29:28
sanctions policy is compatible, with Bitcoin in the way that
29:31
Bitcoin works. It's an Open network.
29:34
Meaning it's the money of enemies, anybody could use it.
29:38
So that's the real question that should be had with policymakers.
29:45
It's not about oh, we can make Bitcoin into extension, with all
29:49
the, all the controls, all the gatekeeping, an extension of the
29:52
current system and we actually need to ask them what is the
29:56
benefit to the American people of these sanctions?
30:01
Name them. It definitely benefits DC.
30:04
It definitely benefits the bureaucrats of DC but the
30:08
reality is is that it hurts the people of these countries, the
30:11
most it doesn't hurt their governments because that's what
30:14
we're sold. But it hurts the people in those
30:17
countries the most. So is Bitcoin compatible with
30:22
this. My opinion is no and I think
30:24
that's the real discussion that we should have.
30:28
And the other discussion is should the US government be
30:31
dictating what peoples are allowed to use money and what
30:35
peoples are not allowed to use money, I don't think anybody
30:38
deserves that type of power. So you're seeing two completely
30:43
opposing systems, one of bureaucracy control, this kind
30:48
of top-down approach and then you're seeing Bitcoin and
30:51
they're on a freaking Collision path and that's why Cynthia
30:54
lummis in the beginning of the video.
30:56
When we played it for you guys, said that the treasury's
30:59
Hostile, no shit. Why wouldn't they be hostile?
31:03
This takes away a very powerful tool from them and this is just
31:08
the beginning. We're inning number one, Big
31:11
just announced that they're going to use Bitcoin to
31:13
facilitate trade and then this leads me to the other kind of
31:19
eventuality that I reached in my head about last week, right?
31:23
Is that if your shit coin isn't decentralized, then it will
31:27
inevitably be captured by government because they're going
31:29
to want to try to remain in control and the only one that
31:32
could resist that is Bitcoin because of its essential
31:36
ization. But because of its
31:37
decentralization who's to say that in a couple years Now that
31:42
Iran and Russia are openly saying we are using Bitcoin to
31:45
facilitate trade, how long until the US government are the US.
31:49
Treasury better said, does the same thing that it did with
31:52
tornado cash and it says, hey we must sanction Bitcoins open
31:57
source software and you can only download specific wallets from
32:01
the App Store and you can only download specific software that
32:06
is ofac compliant. How long until that happens?
32:11
So, I think that this route, that's where that's exactly
32:14
where this is going. It's obvious.
32:17
Look, I showed you guys the definition of the Wikipedia
32:21
article. It doesn't say, technology
32:23
doesn't say tool there. It says specifically
32:26
self-governing, State group or individual?
32:30
Are they going to change the definition of this?
32:32
Just like they didn't change the definition of inflation, just
32:35
like they did they change the definition of recession?
32:39
Anyways, I think this is where this is going.
32:42
I'm sorry guys, this was a live show.
32:44
I was really looking forward to Jason and going back and forth
32:47
about this discussion. Hopefully you can get him back
32:50
with a better connection or we can get back David's L and we
32:53
can have that discussion for you guys.
32:55
But anyways, Opti, what are your thoughts brother?
32:57
I mean I think I think you said it this is way more of your
33:01
Forte but I mean it's very obvious that sanctions don't
33:06
work. Furthermore, the sanctions Only
33:09
really hurt the the, you know, the poor people of those
33:12
countries, it, you know, the the high-level Elites quote-unquote,
33:18
they can, you know, they're working outside of the system
33:20
anyways. And so like it doesn't really
33:22
matter to, you know, to them. And furthermore, it's like I'm
33:26
just doubling down on the ideas like I am an American, I love, I
33:30
love America, I love, you know, where I'm where I live and where
33:35
I'm currently living. But like, who gave the US, Has
33:39
the power to be the global police and tell other countries
33:43
what to do and how to live correctly?
33:45
You know, I fundamentally believe one truth.
33:47
Like I don't know, the best way for you to live your life.
33:50
I only know the best way for me to live my life and I think that
33:53
should extend out to to our country.
33:55
And like, I say, I'm again, I say that most every single day.
33:58
Like you can't ban Bitcoin, you can only ban yourself from
34:01
Bitcoin, the Bitcoin incentives, just stay winning, and there
34:04
will always be someone that will take your Bitcoin if you have,
34:08
you know, the right feel Bitcoin.
34:11
In my opinion is fungible, you txo is aut Excel.
34:14
You can say there's taint, all you want but hey, send me your
34:17
UT EXO's. I don't care.
34:19
It's all good to me. It's all Bitcoin, fundamentally
34:23
doesn't matter. But furthermore to what you're
34:25
saying, I think we are going to see the US government you know
34:30
US Treasury. What have you what institution
34:32
is definitely going to double down on this and and try to
34:35
extend this down and and like the tornado cache stuff.
34:39
Extend this to bitcoin which means furthermore you guys like
34:42
run Bitcoin core use your nodes continue if if possible if you
34:47
have a website you know upload upload the software Bitcoin core
34:50
software if you can build the tool so that we can ride around
34:54
this stuff because we know that the powers that be are getting
34:57
more tyrannical. They have to double down on
35:00
authoritarianism to maintain control because we say it all
35:03
the time if Bitcoin is doing what we know it to be doing and
35:07
it will do it. We Playing for all the marbles
35:10
guys Fiat. The Fiat world will collapse
35:13
eventually. Do we know when?
35:14
No but they can't kick. The can down the road, any
35:17
longer. It can only go for so long and
35:20
furthermore, we have the solution.
35:22
It is Bitcoin on sensible, censorship, resistant money, 21
35:27
million, hard cap. Like these are the problems in
35:30
the world. We have a global police that's
35:32
trying to stop people from transaction freely and you can't
35:35
debase our currency. So fundamentally were killing
35:38
two birds. There's one Stones we're taking
35:40
away their power to create Perpetual Wars and we're
35:45
allowing human freedom and the free market to innovate and
35:49
create products that will continue to make our lives
35:52
better. We just double down on this
35:53
stuff guys like Bitcoin is the way Bitcoin is freedom you can't
35:57
ban Bitcoin, can only ban yourself from freely transacting
36:01
have fun, playing stupid games. You're going to win stupid
36:04
prizes. Exactly.
36:05
This is the separation of money and state.
36:07
This is what it's about. These little things you think
36:10
they're meaningless, you think they're noise but once you start
36:13
tying it up to the bigger picture, holy cop, it's not a
36:17
coincidence guys. That two weeks before Iran and
36:23
Iran and Russia announced that they're using Bitcoin to
36:26
potentially facilitate International transactions.
36:29
The treasury. Coincidentally, sanctioned open
36:33
source software and it's not a coincidence at the same time.
36:36
That Cynthia lummis at bit block.
36:37
Boom. Lately.
36:39
She said the treasury's the most hostile.
36:42
That's not a coincidence. Guys, that's freakin signal.
36:45
This is the separation of money and state, take self custody and
36:50
because you take self custody, you'll be able to watch on the
36:52
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I love it. Well guys, I know Now, you guys
37:56
think me and Nico plan all this stuff, but I really think that
37:59
this article is going to touch on what we are talking about.
38:03
On the news, the news section. I know, it doesn't have to do
38:07
with sanctions, but it does have to do with the relationship that
38:11
Fiat has between individuals and the government.
38:14
So, for those that aren't on the YouTube, I'm covering Jimmy
38:18
songs article that he just released on bitcoin magazine and
38:21
it's called Fiat, infects relationships with high time
38:24
preference. So I am dinner read a little bit
38:27
of this stuff guys because I think there's a lot of signal in
38:29
here and I like I told you guys my sister watches the show and I
38:33
really want her to get some of the signal.
38:35
I hope she's watching this because you know people still in
38:38
my family think that I'm a crazy big corner but anyways this is
38:41
why we do what we do. So here I'm going to go and
38:43
Jimmy song starts this article with our relationships have been
38:47
have an unwelcome Intruder and that's the government.
38:50
This is what we're telling you guys in the new section about
38:53
who gave the government, you know, the the The unleash power
38:57
to control everyone's actions and it's because they have the
39:01
money printer, Bitcoin fixes this.
39:02
So late in this article, a society is a network of
39:06
relationships between people and most relationships have an
39:09
authority in the middle and does have a centralized controller
39:12
when it comes to Justice or common.
39:13
To third-party can figure out something in the midst of
39:16
conflict is desirable. But centralization is a problem.
39:19
When it restricts the freedom of how people want to relay it
39:22
specially when there's no conflict.
39:24
This is literally what we just said in the Is just Rewritten in
39:27
a different way. I don't need to argue here.
39:29
The importance of human relationship for a good and
39:32
happy life. It's a given, but relationships
39:34
are in many ways of things that make life interesting and worth
39:37
living. The relationship network network
39:39
is civilization. And as we say all the time Fiat,
39:43
infects, everything Fiat is a Cancer and it does affect the
39:47
way that you interact with the people around you and your life.
39:50
So, unfortunately, our relationships have been debased
39:53
just like your money has been debate.
39:55
Your Oops, have also been debased, the quality of all
39:58
relationships have been made much worse by the president of
40:02
Fiat money. We all instinctively feel is I
40:05
know you feel this. I know you feel like you are
40:07
trapped in the rat race and and furthermore that you just have
40:11
superficial relationships with everyone around you, and this is
40:14
why relationship seemed especially shallow and there's a
40:17
high time preference field of them.
40:19
Why do First Impressions matter so much?
40:22
Why so difficult to connect with anyone on a deep level?
40:25
Do people not And desired have deep relationships.
40:28
These are the Russians that Jimmy song is answering in this
40:32
article. So we're going to start with
40:34
high time, preference relationships and for those
40:36
people that get confused with high time, preference, low time,
40:38
preference like what are you talking about High Time
40:40
preference, just means short-term thinking and and
40:44
needing something quickly. So why saving plan for the
40:47
future when the very money that we use is debase constantly
40:50
government puts his various forms of safety nets for the
40:53
long term. So why not live for the present
40:55
Fiat? Money changes the incentives
40:57
from long-term planning to short-term fun.
41:00
I know I personally have been that person before Bitcoin and
41:04
now since Bitcoin I can finally think for my future think about
41:07
planning for my future and it's just it feels good guys.
41:12
I say it all the time, fine Bitcoins then and this what I
41:14
mean you can build on a strong foundation and live your life.
41:18
So as a result relationships are not built with the long-term
41:21
view working relationship, friendship and even family
41:23
relationships are entered in with a very short.
41:26
And focus in a Fiat economy. People expect relationships to
41:29
provide for the Here and Now, sadly short term Focus,
41:33
incentivizes exploitation. Oh man, I can't wait till we get
41:37
to the government part and yet it will tap into what we started
41:40
in the nude. If you're not in a relationship
41:42
for the long term, why not burn bridges for your own benefit.
41:45
Further short-term, nature of relationships.
41:47
Make them shallow people are more concerned with having
41:50
getting access or making life convenient than they are with
41:53
character loyalty or reliability.
41:56
T. And this is one of my favorite
41:57
aspects of being a big corner. And my Bitcoin friends is the
42:01
friends that I have have High character High load to your high
42:05
reliability. I said in a tweet today on
42:07
Twitter is like, yo, can you look around at your friends and
42:10
ask whether they can watch your back in this information War?
42:14
I know I can I hope you can ask yourself these same questions.
42:17
Your relationship is only as good as your last interaction,
42:21
if it wasn't fun or interesting or feel good in some way, it's
42:24
likely to end say Some harsh truth and you're likely to no
42:28
longer have a relationship. I know I've been there.
42:30
I say the crazy thing and then you get ghosted doesn't feel
42:34
good, but people with high integrity bitcoiners are
42:37
different built different in a Fiat system.
42:40
People have a higher time preference in High Time.
42:42
Preference people are not very disciplined, many people end up
42:45
burning relationships on a regular basis because the
42:47
investment in that relationship wasn't much to begin with and
42:51
this is especially true with people that don't need anything
42:53
from you. So, here we go.
42:55
I Think this is one of the most important parts of Bitcoin
42:58
Twitter about your reputation, as I call it building your
43:02
verified Bitcoin Network, it's that Fiat reduces the need for
43:05
reputation reputation used to be critical to making money.
43:09
Having a bad reputation, was a quick path to ruin Fiat money
43:14
change that instead of being subject to Market forces of
43:17
supply and demand rent, Seekers need only to please the money
43:20
printer. The only relationship that needs
43:22
to be maintained is with whoever pays the salary.
43:26
You guys will do the minimum they can to meet requirements.
43:28
We say this every single day in regards to government, this is
43:32
why like, the sanctions don't work is because the elite only
43:36
have to kiss the ring to the money printer except for us to
43:40
average individual. We, you know, we got to build
43:43
our reputation and then we get shit on.
43:45
It's absolutely insane, clown World confirmed but contrast
43:49
this with a market transaction or a free market money, like
43:52
Bitcoin people that are seeking your business or service are
43:55
much more likely to to self-monitor and invest in the
43:58
relationship. They have a much longer time
43:59
Horizon because there are motivated by profit and not just
44:03
by satisfying, a boss. Fiat jobs have essentially made
44:06
long term, consumer relationships, almost
44:08
unnecessary. Fiat has permeated other
44:11
relationships and like most Fiat, things has infected and
44:15
debase them like cancer Fiat infection is an
44:18
employer-employee relationship because the government regulates
44:21
the relationship through employment laws.
44:23
The government is a third party in the Ship and they add a lot
44:27
of friction, and of employers and employees creatively
44:30
figuring out, what would work for them.
44:32
The government tells you what to do, there's little Innovation or
44:35
competition, because these aspects are the same everywhere.
44:39
You are an individual, your relationship should be
44:42
subjective and individualized. We are not robots and automate
44:46
and humans are not fungible. You can't just treat someone the
44:50
same way that you treat someone else.
44:51
This is a feature, not a bug. This is why companies feel so
44:55
cold. I'm personable.
44:57
This is why you feel like you're stuck in the rat race.
44:59
Why are you feeling the Matrix? Is because they are treating you
45:02
like a robot that can be treated the same as everyone else.
45:05
How about you? But I'm pretty sure that we
45:07
treat people differently not in a bad way.
45:10
It's just you have certain interactions people, you have
45:12
certain jokes of people. You know, certain people are
45:15
different and you treat them differently.
45:17
Even entrepreneurs are not exempt from government and
45:20
intervention as their relationships with their
45:22
customers are regulated because politics over take several I
45:26
think relationships that have money at the center or not.
45:29
The only relationships affected by Fiat money because politics
45:33
is everywhere. Politics makes it unwelcome
45:36
entry into even personal relationships.
45:39
The price of getting to the money printer is such a big
45:42
incentive that everyone fights over the right thing to do in
45:45
their own groups benefit. Rent-seeking is a lot easier
45:48
than serving the needs of the market.
45:50
So, political action takes on an enormous importance, the
45:53
political arguments have also become more Orly charged every
45:57
argument for money ends up, being a more moral argument, the
46:01
bigger your victim status, the bigger moral claim.
46:03
You have to the newly printed money.
46:06
Look at what just happened last week on student loan,
46:08
forgiveness, and every other government policy.
46:11
You are the biggest victim here, we are.
46:13
Going to give you more money because of your victim status.
46:17
And this just literally is taking from someone and giving
46:21
to another. They're stealing from the
46:23
productive class to give to the unproductive class.
46:26
It's infecting every relationship at its core
46:28
relationships, are now change with that victimhood status and
46:32
only become monetarily people within your group create an echo
46:36
chamber, where saying something politically in opposition to
46:39
that group is liable to get you ostracized?
46:42
What do we discover in the news about sanctions?
46:44
Literally wrong, think you get cut off from the monetary
46:47
system. You got to follow the big stick
46:49
or else you're going to get hit every relationship because of
46:53
Fiat, money bills, shallow, because They are it is all
46:57
status games. You cannot make money in a Fiat
46:59
economy without climbing the status ladder, unlike a market
47:03
economy, where Innovation creativity and will goods and
47:06
services. Make you money in a Fiat
47:08
economy, having the right opinions, having the right
47:10
political skills and having the ability to make a good first
47:13
impression or what get you into the money printer door.
47:17
This is reflected in the relationship we have.
47:19
People are seeking your Vote or support within your in group so
47:22
they can climb the status ladder.
47:24
No longer is it based on Merit. Longer is it based on being a
47:27
good human? It's just who, you know, as the
47:30
saying goes, your network is your net worth.
47:32
Well, the kantian effect is literally how close are you to
47:35
the money printer? And this is how far you will go
47:38
up in the ladder. Contrast this to market
47:40
economies, our goods and services matter much more the
47:43
goods and services. Ultimately make the impression
47:46
not the political abilities of the person selling them.
47:49
You can't just burn bridges in a Bitcoin standard without it
47:52
costing, you money in a free market.
47:55
Your Chips cost you if you mess them up, your reputation means
48:00
something. And, of course, this also goes
48:03
into your friendships, you know, one of the and I love this, this
48:06
point right here because I see it all the time.
48:08
I'm not on Facebook anymore, but I do see this or I did see this
48:11
on social media. One of the saddest things I've
48:13
seen over the years, is the proliferation of multi-level
48:16
marketing type schemes people are seeing friendships as a
48:19
resource to make money off and are perfectly happy to exploit
48:22
them for that purpose. The result lot of burn Bridges
48:25
and That shattered because of the attempt of rent seeking.
48:30
And, of course, he we jump into authorities subject
48:33
relationship, which I brought in with the government.
48:36
The Oddity of democracy is that at least nominally the
48:39
authorities, need the consent of the government consent of the
48:42
governed is a good thing, but unfortunately, when Fiat money,
48:45
enters the equation, we get deceitful governance.
48:49
You see this literally every single day on.
48:52
This is why we do this show. We are now constantly being
48:55
propaganda. Sighs.
48:56
If they can get our vote through deception rhetoric and
48:58
propaganda even while isolating 49 percent of the population
49:02
they will. The truth is not fun to swallow.
49:05
So the incentive is to lie and deceive and that is not a great
49:10
foundation for a relationship. Our politicians are out here,
49:13
lying to your face, and then telling you that you are wrong,
49:16
they are gaslighting you so hard.
49:18
This relationships out here, it's you can't build a good
49:21
relationship in the Fiat world because they are all shallow.
49:24
I know you feel this No, I have a bunch of Bitcoin friends at
49:28
literally don't like hanging out with the Normie friends because
49:31
of this very reason, they just think it's shallow, there's no
49:34
substance to it. But Bitcoin fixes this.
49:37
The incentives of Bitcoin are very different from Fiat, money.
49:39
What I've seen is that the high time preference, people will
49:42
show themselves. We see you quote, unquote,
49:45
Bitcoin Maxis, that turn into scammers.
49:48
You can name names. I don't have to go down there.
49:50
You already know what I'm talking about, but the people
49:52
that have stayed are many and they're not liable to go away.
49:56
They easily because there's simply more character and
49:58
loyalty. In this group, Bitcoin is
50:00
different and changes the incentives.
50:02
In relationships, we care more deeply about the long-term
50:05
because we have savings and can plan for that relationships
50:08
matter. And weeding out the bad.
50:10
Ones is just as important as keeping the good ones,
50:13
bitcoiners instinctively know this from the many Affinity
50:16
scamming out corners in our space.
50:18
The relationships that last or self-selecting.
50:20
It's a beautiful system of how relationships ought to be.
50:24
Let's make relationships deeper. And guys.
50:28
Beautiful, beautiful beautiful article.
50:30
I really highly recommend you read the whole thing.
50:32
I definitely skipped over a few stuff because we are running a
50:35
little late but I fundamentally believe this like I have
50:39
fundamentally built my life around these relationships.
50:43
I had a meme at Bitcoin conference in Miami I was there
50:47
with like five or six of my Bitcoin friends and it was funny
50:50
because we've all met from Twitter.
50:52
You know, we met on Telegram and we looked at each other and
50:55
we're like, dude. Like you guys know that we're
50:57
stuck with each other? That for life and we all agreed.
51:00
It's like, yes, duh. Like we are in this for the long
51:03
run. We understand that.
51:05
Like we say it all the time, you know, proof of work is much more
51:08
than about mining. It's a way of life and your
51:11
reputation means something, this is why so many quote-unquote big
51:16
coin Maximus, get freaking wrecked after a while because
51:19
they build this reputation and then they rug pull you and they
51:22
do something shady. And then they try to walk it
51:25
back, it's like, know your reputation.
51:28
Takes a long time to build and you can ruin that overnight.
51:31
This is a feature, not a bug. Be a lot more conscious about
51:35
what you are doing out there. Stop fucking people.
51:38
Over provide value to people. The Golden Rule guys remember in
51:43
kindergarten the Golden Rule treat others as if you want or
51:47
what city you want to be treated how you want to be treated.
51:52
Yes treated it's like guys what is going on out there we are
51:57
living in a world of Shit where you are incentivized to be
52:00
deceitful, you are incentivized to lie but Bitcoin is bringing
52:05
back. The Golden Rule provide value
52:08
and you will be rewarded put in the work you know?
52:12
Put in the effort and life will treat you better do it for the
52:16
long term anyways. Nika, I think I ran too long
52:19
enough. Amen, man.
52:21
You were very thorough with that article for sure, dude.
52:27
Look, I can only speak for myself is right for myself,
52:30
right? I have a really hard time
52:33
relating to my Fiat friends because we are so out of sync
52:40
and I think Bitcoin really wakes you up to those, you know, to
52:43
the to that reality. I do believe that Bitcoin you
52:49
don't change Bitcoin. Bitcoin changes, you and look.
52:55
Look at how we all get along with other bitcoiners and look
52:59
at how distinct you are with. Regular relationships.
53:04
Now, is it because we have a lot of things in common with other
53:07
bitcoiners? I wouldn't say.
53:11
So, you know, there's a lot of, you know, socialists bitcoiners
53:17
that we try to bring on the show Progressive case for Bitcoin
53:21
that we might not fundamentally agree on a ideological level but
53:27
because Bitcoin is this common ground, right?
53:31
So yeah, man, I I think Jimmy song absolutely killed it in
53:35
that freaking article. Holy crap, dude.
53:41
Opti at the end of the article there was ten bullet points.
53:44
Do you mind reading them? Okay.
53:47
Yeah. I didn't want to add too much.
53:50
So you keep telling me that I'm reading too much and I need to I
53:54
need to not add. So I tried to minimal down to
53:57
the people, the people come for you up to not the article.
53:59
Ha ha ha Anyways here I got it shared up here.
54:05
And here we go guys. This is I literally I when I was
54:08
reading this morning, I looked at my room, I'm like, yeah,
54:11
Jimmy song, Just dunking on people, so 10 reasons.
54:14
You're lonely meeting your em. I forget what is is massive
54:17
multiplayer online? Role-playing game friends in
54:19
real life. Just wasn't as interesting as
54:21
you thought. It'd be zoomed called sadly.
54:23
Don't satisfy your need to warm human contact.
54:26
You think changing your Tinder profiles and proving yourself.
54:29
You insist on watching part 15 of an anime series.
54:32
When people come over eating takeout out the office to make
54:35
partner status, has been a bigger priority than dates.
54:38
You keep telling your life story to anyone that shows even
54:41
minimal listening skills. You only need people at
54:43
political rallies, you insist on having only friends that envy
54:46
your success. It's hard to bring dates over to
54:49
your parents basement and you're not happy and miserable frock on
54:57
so hard, man. It's honestly, guys, I couldn't
55:01
endorse this. Article anymore.
55:03
You know, I've been on this message of like spreading the
55:06
good word of Bitcoin, being a shining example of what it means
55:09
to be a Bitcoin. ER and and you know bringing
55:12
back the idea of friendships, a building a family of building a
55:17
community. This is what bitcoiners always
55:20
talk about is because I know you have the friends out there,
55:23
they're shallow your conversations are, only so deep,
55:26
you try to get deep and they're like yo what are you talking
55:29
about? Like shut up like say a joke
55:31
with me and Dude like can we talk about some substance here
55:35
for a little bit? This is what Bitcoin will bring
55:38
back, guys. I fundamentally believe.
55:40
I've it's happened for me if it can happen for me, it can happen
55:43
for anyone. I like the Whitney Co, for
55:45
instance, we met on bitcoin. And now we are on the mission
55:49
and we're going to create something beautiful because we
55:52
both have this idea of Leo. We are putting in the work to
55:55
build something long term so that we can provide value for
55:59
you guys out there, this is what Bitcoin allows guys Trust.
56:02
The process provide the value and you will be rewarded in
56:05
Bitcoin. I fundamentally believe that.
56:08
Boom, boom, boom. Alright guys, let's go to the
56:10
favorite part of the show. Let me review.
56:14
Daily meme review brought to you by Citadel 21.
56:18
It's the best Bitcoin cult Rosine, it's stories articles
56:21
Comics by actual bitcoiners. This is the artwork for volume
56:25
11, is artwork for volume 10 and this is the artwork for volume
56:29
2. Volume 2 is almost sold out
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because there's only 1000 physical copies made per volume.
56:33
So get your prints of Citadel 21 today before they run out.
56:39
Boom. Alright guys, we are here for
56:42
the mean review. Your favorite aspect of the mean
56:44
review? Of course, put your mean review
56:47
score in the chat after. As Nikka always says, if tweets
56:50
are the bullet memes are the artillery in the mean Warfare
56:53
guys. This is an information war and
56:56
you are fighting it on the front lines whether you know it or not
57:00
this is your position in this is your role.
57:02
Anyways, continuing on yesterday's theme of EU wrecking
57:07
themselves in energy policy, We got spent a over here shots at
57:10
the spent a at Bitcoin Crusade and he go, 2019.
57:14
I support Greta. And it's got the old guy with
57:16
the smiling face, the painful smile.
57:18
And then 2022, why is my gas so expensive?
57:22
The people out there still don't fundamentally understand why
57:25
they are being wrecked in Energy prices.
57:27
Why the government is doubling down on more government control
57:31
is because they aren't paying attention.
57:34
And that's that's how the game is played out.
57:36
What did what did I just cover in the culture?
57:38
This is the game, your relationships, your
57:42
relationships that information and Truth is just it's just on
57:45
the surface, Bitcoin fixes us anyways.
57:48
In other ones, by zubi music, say what you want about zubi, I
57:51
added this one because Nico is calls me.
57:53
The in-house conspiracy theorist or the in-house truth there.
57:56
And so, it's a family, it's a little girl, talking to her mom,
57:59
he goes mom, what's a conspiracy theorist and the mother goes
58:02
somebody who figures out the truth before most people.
58:05
My dear bars bars and here guys This guy at ego Drive, he's not
58:11
even a bit corner but this meme right here hits so hard that I
58:16
think more people need to understand this.
58:18
So I'm going to read it. You guys need to understand how
58:21
this works, dad? Why do people give up freedom
58:23
for security and the dad goes, it's called the hegelian
58:27
dialectic sweetie. They create a problem.
58:29
The problem creates a reaction. If there's enough fear and
58:32
hysteria people will not only accept the solution that limits
58:35
their rights, but they will actually beg for it.
58:38
You Need to instill this process into your brain and you can
58:42
start understanding how the propaganda Works.
58:45
How, the powers that be are literally manufacturing dissent,
58:50
and you will understand their playbook.
58:52
This is literally The Playbook. The hegelian dialectic guys.
58:56
You need to study this a little more.
58:59
Next one is we drop this article of course the UN wants to see
59:03
BDC its agenda, 23 and game. Prosperity for all is what the
59:07
UN claims why? I Ironically making it a mission
59:10
to curb Bitcoin adoption in developing countries that need
59:13
it most and it's me and Nika going back and forth with boom
59:16
but the meme is by Rave elevator.
59:18
And he's to play on The Matrix. The lady in the red dress and
59:22
it's Jerome, Powell talking and it goes.
59:24
Are you paying attention Neo or are you staring at the woman in
59:28
the red dress hoof guys I hope you are paying attention.
59:33
Are you watching closely on on the next one?
59:35
Shout out to our DB DC, he tags Us in the memes.
59:38
All the The time. So we get the first look at it,
59:40
but stack shots and stay humble hashtag Bitcoin 2022.
59:44
Ha ha ha. I can't believe you're still
59:46
buying Bitcoin. You bust me mad, Chad, I know
59:49
and then 2024 the tone flipped their arm added as oh my God, I
59:54
can't believe you bought Bitcoin so cheap you were so lucky.
59:57
I know Chad, I know look, guys, I've said this before, do not
1:00:02
let people call you. Lucky, you've put in the work
1:00:04
you put in the time you've earned this.
1:00:06
Do not let anyone tell you that you Got lucky.
1:00:09
It takes hard. Work to get here.
1:00:11
You need to put in the effort. You need to put in the time.
1:00:15
Ha, giggling isn't easy. Don't let anyone try to tell you
1:00:17
otherwise and this next one shut up.
1:00:20
Add their GG. This is a play on the, you know,
1:00:22
the cardboard guy holding up a sign and it goes sats are the
1:00:26
standard which spells out sets and it's the guy just sat
1:00:30
everywhere and it's quoting, you know, going parabolic unit by
1:00:34
some Bitcoins real Deb's. Do something we've done it.
1:00:37
It's at push. That's guys I think in SATs and
1:00:42
you guys were all talking about vitalik Boehner yesterday so the
1:00:46
Future Finance, a picture of italic with a boner and then the
1:00:49
community crypto Community shit coin.
1:00:51
Community says, let's create a token and if you can see right
1:00:54
here the price jump 48 percent in the last hour when this
1:00:58
screenshot was created. I think this is a culmination of
1:01:01
what it means to be a shit Corner.
1:01:03
They do stupid games when stupid prizes and then they come and
1:01:08
They call us, you know, owed old heads over here old Tech and
1:01:13
it's like, guys, you are not creating anything of value.
1:01:17
There's whole show today is talking about providing value
1:01:20
providing substance and understanding that the Fiat
1:01:25
system, incentivizes stupid Behavior, like this, it's very
1:01:29
superficial, it's all about being close to the money printer
1:01:32
and in shit, coin, land, it is no different.
1:01:34
It's all about being close to the pre mine shit, coin holder.
1:01:40
Anyways, we've gone long today. Today's meme review score.
1:01:45
Is this a bit block? Boom.
1:01:48
Kuzey holder home. So guys, put in your score while
1:01:51
Nico, does does his score so that we can cover, I'm gonna
1:01:55
give it upside down. Gillette deodorant stick.
1:01:59
Boom! Boom.
1:02:00
Anyways, guys, why you guys rate the memes?
1:02:05
I'm gonna tell you guys about simply Bitcoins telegram group,
1:02:09
you could join it by T. Dot me, slash the simply Bitcoin
1:02:12
Channel that's where you could link us Bitcoin memes to review
1:02:16
so we could review them on the Review and of course, check out
1:02:19
Simply Bitcoins blog simply Bitcoin unfiltered to go to it.
1:02:23
You need to go to Simply Bitcoin dot news that will take you
1:02:26
there. It's literally free and it's
1:02:29
basically the written version of this show.
1:02:32
Loco already gave a meme score. He gives it a wet plunger, mr.
1:02:37
Robot a one ball of Willow Smith pit.
1:02:43
And of course, Bitcoin back. I give these memes my half
1:02:46
drank, shower, beer, vacation mode.
1:02:49
You're drinking beer in the shower.
1:02:51
Anyways dude, you've never drinking a beer in the shower.
1:02:54
Come on, Nico, shower water. Doesn't get in there.
1:02:58
You don't, I'll talk. I give them a strand of Trumps
1:03:03
orange hair. All right.
1:03:05
All right. All right, very good scores,
1:03:08
guys. You can also comment if you
1:03:10
missed the live version, but I think we have Open source,
1:03:13
software release today. Let's check it out.
1:03:17
Bitcoin software release, brought to you by Cipher safe,
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Cipher wheel or Cipher grid today.
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Visit Cipher safe, dot IO. All right, guys, for today's
1:03:49
software release, we got lnd version 0.1 5.1 and as you can
1:03:55
see it added zero Comm channels. I don't know how to say this s
1:03:58
CID aliases switches to using Taproot addresses.
1:04:02
Oh man, let's go. And an optional database
1:04:05
migration that can potentially reclaim Gibb gigabytes of disk
1:04:08
space for old and large lnd nodes.
1:04:11
So it's like that. That's a big release right there
1:04:13
for Alan d. Let's go, let's do is guys, if
1:04:17
If you like what we're doing, listen to the audio on Apple, on
1:04:21
Spotify, on anchor FM. And if you really, really love
1:04:26
and think we're providing value stream of some sets on Fountain.
1:04:30
We love you, guys. Thank you for your time, boom.
1:04:33
Anyways, me cholesterol this. Yeah, guys.
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LTD.com guys. That was our show The number one
1:04:54
thing that you can do, God damn it.
1:04:56
Yellow. Number one thing that you could
1:04:58
do to help simply Bitcoin spare, spread the word of Satoshi is
1:05:03
share the video. That's exactly what YouTube
1:05:06
likes. Share it with your Normie
1:05:08
friends. Try to wake them up, try to
1:05:10
orange pill, of course like subscribe.
1:05:14
Comment. All of that helps with the
1:05:17
mysterious YouTube algorithm. And of course guys, we will see
1:05:21
you tomorrow for a brand new episode.
1:05:23
Sewed up, simply Bitcoin. Which one's the best crypto
1:05:41
asset will Bitcoins the best crypto last.
1:05:42
Okay, what's the second best? There is no second best.