Latest / Simply Bitcoin / Debt Ceiling Deal STOPS Bitcoin Mining "DAME" Tax | EP 746

Transcript

Debt Ceiling Deal STOPS Bitcoin Mining "DAME" Tax | EP 746 · Simply Bitcoin

0:12
Yeah, we're gonna simply Bitcoins live your number one
0:14
source for the peaceful Bitcoin Revolution code.
0:16
Breaking news culture, medic Warfare will be your guide
0:17
through the separation of money state.
0:20
Oh yeah, shout out to Opti holding it down last week with
0:24
Ruston absolutely slayed. It a couple days in a row.
0:26
Finally got a break for once and like first time in like three
0:30
years after the Bitcoin conference, it was good.
0:33
It was good. I got to relax when I'm back
0:36
back in the saddle, happy to be here.
0:38
Anyways, today we're going to talk about the charade.
0:40
The political charade That is the debt ceiling, you know?
0:45
Like, like that's the whole thing, right?
0:47
Like the Republicans got elected, you know, just like,
0:50
conservative, right? Apparently, you know, stop
0:52
making the government bigger, you know, and then they do the
0:56
exact opposite. I mean, and do you blame them
1:00
like you really blame them because like, think about it,
1:02
right? If you had the power of a money
1:04
printer, like you would most likely use it, it would most
1:08
likely corrupt you too, right? So like I've said this many
1:13
times on Twitter, I don't think anyone deserves the power of a
1:15
money printer period. But anyways, I think that's like
1:19
kind of noise though. The debt ceiling stuff.
1:21
I think all bitcoiners kind of inherently know this, you know
1:25
Satoshi did embedded in the Genesis block like chance are on
1:27
the brink of the second bailout for banks.
1:30
We know governments are just going to use that privilege of
1:32
creating money for free that everyone else has to work for,
1:34
that's old news but the big news is that in the debt ceiling deal
1:39
that McCarthy passed through, I think it was like, yes.
1:41
Yesterday night or the night before the Dame tax which was
1:45
the proposed 30 percent tax on bitcoin miners as dead in the
1:48
water. That's pretty good and I think
1:51
that's the signal today we're going to talk about that.
1:53
We're talking about Nick Carter wrote a great piece for coin,
1:57
Des about what the unintended consequences would be if they
2:02
got away with this tax. I've said this very bluntly the
2:05
first time I figured it out because we've been covering it
2:07
on the show for many months. Now, the by Administration has
2:11
the Join industry and its crosshairs, right?
2:13
Whether that is, you know, operation choke point 2.0 trying
2:16
to isolate the industry from the traditional Financial system or
2:20
under the guise of, for the environment, right?
2:23
You know, we must shut down Bitcoin Miners and then of
2:26
course their Partners in the media, you guys remember the New
2:28
York Times propaganda, hit piece, you know, the like change
2:32
the image to make it seem like it was like, a hazy day in this,
2:36
like, you know, this Texas remote area, right?
2:40
So it's just a bunch of BS like clearly, they have allies in the
2:43
media, you know, saying the narratives and all that stuff.
2:47
And that was that, that narrative that they've been
2:50
building slowly, but surely was going to be the justification
2:53
for that 30% proposed Bitcoin tax.
2:56
Sorry proposed mining tax on proof-of-work, miners of which
3:01
Bitcoin makes the vast majority of sense theorem migrated to
3:04
proof of stake. So yeah, it's just very, very
3:07
interesting, all this all together.
3:08
But anyways, before we start the show, I want to bring up my
3:10
legendary co-host. Optimistic Opti, how you doing,
3:13
bro? I'm good rose last week.
3:16
How was last week Mark of the lion?
3:17
Everyone Nico makes his job look very easy.
3:21
I am happy to be in the passenger seat.
3:24
Nah man, it's good anyway. It's good to get the Reps in, I
3:26
think rest and I killed it. You know rest in came off the
3:29
bench, coming hot and we did a good job pretty happy with the
3:33
work we did last week and I'm excited to just continue to do
3:37
the work this week so and it's a beautiful day in paradise we get
3:41
To make Bitcoin content for a living.
3:43
Absolutely amazing. Yeah, 100.
3:45
But anyways, in the culture, I'm going to take the debt ceiling
3:49
View and kind of flip it a little bit and get it from the
3:53
cultural perspective of what the Normie thinks about printing
3:57
money. And I got some parody and some
3:59
not. So parody parody here and I
4:02
think it's going to be an interesting little bit, so we'll
4:05
get into that in the end of the show today.
4:08
Absolutely. Alright.
4:09
Everybody is gonna be a good show that Jump straight into
4:12
numbers. Let's do it.
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market capitalization of Bitcoin 534 billion dollars with Abby.
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Anyways, want to talk about this, you know, one of the
6:09
biggest indicators Of, you know, of of future performance.
6:15
As you look at past, you look at the past, right?
6:18
And there is this video that kind of went viral on Twitter
6:22
and we have it for you guys. I want to play it for you guys.
6:25
This is Michael sealer talking about Apple back in 2012 and
6:32
said, quote, I would be very, very long on Apple.
6:35
However, selling that stock is a moron Seiler, said this in 2012,
6:39
Apple stock at the time was around $20 today, the stock is
6:43
175 and be like, okay, it's a nice game gain but then guys, so
6:49
on followed up and said, he said, the stock is going to two
6:51
thousand dollars with a 721 split in 2014 and a four to one
6:56
in 2020. The price today at the weight of
6:59
when the comment was made, the price would be four thousand
7:02
nine hundred dollars. So sailor low-balled it like guy
7:08
pointed out but that Again, you know anyone could anticipate
7:13
something anyone can speculate on the price of a stock or
7:16
whatever. That's not what I want to focus
7:19
on. What I want to focus on, is the
7:21
logic of which he uses to make the case, right, as to why he
7:27
believes at the Apple, Apple stock would go to, where was
7:33
meant to be. And by the way, he's completely
7:35
changed his stance on how he feels about Apple today, things
7:39
over value, right? But anyways, So, I have the
7:41
video for you guys will play. Then we'll talk about it.
7:43
Check it out. The government is able to borrow
7:47
a tremendous amount of money and therefore, that isn't the video,
7:50
is it Opti that isn't a video that's last week's right?
7:55
Oops? Anyways.
7:57
Yeah, the tab. All right, let's check it out,
8:00
guys. He asked me applicator is going
8:05
to two thousand dollars a share, right?
8:07
I mean, I'd be very, very long that company.
8:09
Whoever selling that stock must be a moron, right?
8:11
I mean this, this is a company that's going to actually have
8:14
four billion devices out there if they roll them over once,
8:17
every four years are going to sell a billion devices a year.
8:20
And, and the thing that people don't get right, you either get
8:23
it, you don't get it because I'm going to come back to your PC
8:25
question. I don't know a lot about PCS.
8:28
I bought 10,000 20,000 PCS in my life.
8:31
I got 3,000 sitting underneath my desk.
8:32
Asks, you put a Dell computer underneath the desk?
8:36
You don't care that it's loud and and it's hot and it's a
8:40
power hog and it's ugly and it's heavy and it's like an ugly
8:46
beige cabinet with screws showing you don't give a crap
8:49
you just want it to be $400 or $500.
8:52
Okay. You put a phone in your pocket
8:54
and you sleep on it or next to it.
8:56
You care whether it's hot. You care what it looks like you
8:59
care. The battery.
9:00
Like you care about the radio, this is an iPhone This runs 10
9:03
times faster than an iPhone 4, there's not an 8 year old on the
9:07
planet that doesn't want an iPhone 5 right.
9:10
Who wants to wait? 42 seconds to watch something
9:13
download instead of two seconds. Nobody right.
9:17
You don't have to be a genius or an Apple computer.
9:19
You just have to every year and make the product, a bit lighter
9:22
a bit more elegant. Make it a better radio, make it
9:25
a better battery. And then I saw it with, you
9:28
know, one of the 10 richest guys, in the world for dinner.
9:32
Three nights ago, five nights ago and we had dinner for four
9:36
hours and he did have two talking.
9:37
I'd have to talking and at one point and he's much more
9:40
successful than I am. I understand that, by the way,
9:44
as I said, it's like it's you don't.
9:46
Sometimes you got to do other things than just have opinions
9:49
to make money, right? There's a lot execution of all
9:51
the rest, but I have opinions. So, so he said to me, you know,
9:58
Apple, computer can these guys hold their prices, you know, I,
10:01
you know, aren't they going to The model of the PC industry
10:04
aren't their prices are going to taper down there, 40% margins,
10:07
going to come 30 and 35 and 20. And it's another example of
10:10
people just know enough to hurt themselves, right?
10:12
If you're going to know a subject, you better know the
10:15
subject because because being like a, you know, dilettante and
10:18
knowing part of the subject is just enough to hurt yourself
10:21
somehow and I said no, their gross margins don't have to tell
10:26
her down. I mean, if you go to France and
10:29
this is benefit of seen enough, you got a franchise he Bernardo,
10:31
no run to come. Open E lvmh, they're selling
10:35
handbags for four thousand dollars, three thousand dollars,
10:38
two thousand, five hundred dollars.
10:39
Each. This is a device that women
10:41
viewers fashion and it's 10,000 years old.
10:45
And for 10,000 years now, the prices are not lower after
10:48
10,000 years. If you actually care about this
10:52
thing, how many women have threaded, our pair of shoes, how
10:54
many have to how many of wanted to write that the truth of the
10:59
matter is, is when the technology goes from being a
11:02
utilitarian, vocational brick that I put on my desk, no one
11:06
gives a crap about that to being a piece of clothing.
11:11
Right. A fashion statement, extension
11:14
of your personality, a piece of jewelry and iPhones iPads
11:18
there's somewhere between clothing and jewelry.
11:22
All right, so I wanted to share that just because of a logic
11:28
that he uses and a logical sound, he was right?
11:34
And then like obviously you'd say like Nico, like, no shit.
11:36
Like the like, obviously, it's so obvious before the iPhone 5
11:44
iPhones were junk, like you be like, okay, like these apps are
11:48
cool and like you click it, but whatever.
11:50
But like most people would still rather use a Blackberry at the
11:53
time. If Guys, remember, right?
11:56
And then like the iPhone 5 was really like the crossover where
11:59
like the like the the touchscreen started be feel
12:02
Snappy and it started feel good. And then like people were like,
12:05
yo, the blackberries like ancient F that move to iPhone,
12:09
but he was saying that like, right when the crossover is
12:12
happening, Fast forward. 12 years later and he was
12:15
absolutely right. What is he saying about Bitcoin
12:17
today? Where's Bitcoin going to be 12
12:20
years from now, right? And then I obviously bitcoiners
12:24
have been saying this for a while.
12:25
We've been saying this for, you know, or at least.
12:28
Personally, I've been saying this for seven years now, it's
12:32
gonna be so obvious in hindsight and trying to tie this in, with
12:35
the debt ceiling thing that's happening right now.
12:37
It was a political shit show like elect the Republicans.
12:42
They're going to be conservative Not going to grow government in
12:45
the not going to whatever that was a fucking lot.
12:47
It doesn't matter whether it's a Democrat or Republican and
12:50
office they will literally, they cannot help themselves.
12:54
I don't think you would be able to help themselves.
12:57
Help yourself. If you were in that situation,
12:59
no one deserves the power of being able to create money for
13:02
free. That another human being
13:04
another. Another human being has to work
13:06
for and the Temptation that comes with that and then what's
13:10
that very famous saying, right? Absolute power, corrupts
13:13
absolutely. Ali.
13:15
You know, fucking powerful that is app just a money printer and
13:21
you just create this shit that like people spend time working
13:25
for right? You'd be corrupted to, right?
13:29
So in hindsight I think it's going to be incredibly fucking
13:33
obvious. It's going to be so obvious and
13:36
that's why playing something like that.
13:39
That sailor anticipated 12 years ago Is so important and it's not
13:44
what he said. It's the logic it's the way of
13:47
thinking, of which he said it, right.
13:49
And the Sailor series was one of my favorite that he did with
13:53
Breedlove on the on the what is money, show.
13:57
He goes through that scene like logical.
14:00
You know, thing and I'll be honest with you, like it's very
14:03
difficult for me to watch more Bitcoin content because I didn't
14:07
make it all the time, but I did take the time to watch the
14:11
entire sailor series. Because it was like it was the
14:13
first time that sailor really went from 12 to A to Z and
14:21
explaining the entire thing but it's the same type of logic I
14:26
think honestly like he's in his like Bitcoin Rabbit Hole
14:29
experience that I think he's ran out of things to say so he's
14:32
just like resorted to like AI images at this point.
14:34
Like he's just like a clever one word line AI image but yeah in
14:41
the beginning, we all get very Excited.
14:43
You guys know what I'm talking about in your Bitcoin Journey,
14:45
you have those Eureka moments and yours like but the
14:48
government's going to ban it like no this is good too good to
14:50
be true. This is impossible.
14:53
Um like you have those like you know those moments over and over
14:56
and over again. But anyways I thought I thought
15:01
it was a very interesting video. I don't know Opti what do you
15:04
think? And I'm going to check the chat
15:06
while while you get your thoughts.
15:08
Yeah, well to your last point, you know what's the saying the
15:11
sign of true genius is simplifying the message?
15:14
So you know at first he had to have what eight hours to talk
15:17
about Bitcoin is money and now he just put to one word and an
15:20
AI image. Absolutely Chad.
15:23
Anyways, um seeing sailor sell Apple 12 years ago, just it kind
15:30
of reminds me of him selling Bitcoin and it's kind of
15:33
laughable, really not. Not his But just the idea like
15:37
everyone today looking back. It's like, yeah, of course,
15:39
Apple. It's the most successful company
15:41
in the world. It's what a trillion dollar
15:43
company like, why would people need to sell Apple like that?
15:47
But at the time it still seemed like just one of the
15:50
run-of-the-mill computer companies and that's kind of
15:54
where we are right now. Like this is a where we are in
15:56
the movie right now. Bitcoin is still laughable to
15:59
most people, and all of us are sitting here laughing at them.
16:02
Laughing at us because we know how successful, Will be we know
16:06
that it's. This is a multi-decade
16:09
experiment, multi-decade monetary process.
16:13
And in 12 years people are going to look back and be like I'm
16:15
watching this show and watching all of our friends are going to
16:17
be like I can't believe I was so dumb to laugh at them and not
16:21
realize that Bitcoin is the future like this.
16:25
We will be looking at content of hours like this in the future
16:29
and I joke with Nico all the time about the idea of like man
16:33
we called ourselves simply Bitcoin.
16:35
It's going to be funny in the future where it's like, oh, you
16:38
guys are a bit coin Channel. I really like the Rebrand.
16:41
Yeah. It's gonna be called simply.
16:42
Yeah, like simply internet like, oh, chill show guys like
16:46
absolutely very revolutionary technology show over here but I
16:51
think this is the future where we're going and I really liked a
16:54
few of the things that he said, on, on that clip.
16:56
It's like, you either get it or you don't sound very familiar at
17:00
the time he was talking about Apple.
17:02
Now, we say this all the time about Bitcoin, or What'd he say
17:06
like most people know just enough to hurt themselves?
17:09
Reminds me a lot of shit Corners, they know just enough
17:12
to wreck themselves or kind of what he was saying at the very
17:16
end of in relating. The Apple products to Handbags,
17:21
and it's somewhere in between clothing and Technology.
17:25
It moves away from its utility aspect to like a social status
17:29
thing and it's something that I've kind of been hinting on and
17:32
talking about a lot is like making Bitcoin cool.
17:34
It's like we're taking Get out of just this, you know, internet
17:38
nerd money and it's becoming ubiquitous with like being
17:40
successful with building a future to living a good life.
17:45
And I think this is where we are in the movie.
17:47
It's like we are taking this into the mainstream, whether
17:50
it's us or it's the authoritarians in the Tyrant and
17:53
the corporate press out there, it is starting to move away from
17:56
our little Echo chamber and into the mainstream Consciousness.
18:00
And I guess we're just at the, you know, Apple, 12 years ago
18:04
moment, And this next decade is going to be absolutely bullish
18:09
as a bit Corner. Let's go gonna be bullish.
18:12
But, I mean, so anybody it's a paradigm shift though, right?
18:15
It's a paradigm. And the reason it's apparent
18:17
100%, it's like, okay, Apple great, great company, you know,
18:21
personally, huge fan, right? I think, you know, a lot of
18:24
people are like, oh, windows and whatever, it's a content
18:26
creator. Max are dope.
18:28
All right, so yeah, huge fan, definitely, definitely Paradigm
18:33
Shift, right, definitely has impacted.
18:35
My life, but at the same time, it didn't fundamentally didn't
18:39
change the order of things. And the reason didn't change the
18:41
order to order of things, is your just because Apple computer
18:44
exists doesn't mean that, you know, it changed the ability of
18:49
governments to basically have this Monopoly on money right
18:53
now. Bitcoin comes along, and it's
18:56
not only bear that. It's not only better money, but
18:59
it's going to fundamentally change.
19:00
The relationship between individuals and governments,
19:04
write it in And as the, you know, as as the book, The
19:07
sovereign individual pointed out, right?
19:09
Like it if individuals have the ability to opt out of inflation
19:14
they're going to even if it's like a generational learning
19:18
curve like where it takes a whole generation before people
19:21
start to wake up. People are eventually going to
19:24
figure out very quickly that they don't have to use their
19:28
local currencies and the farther you are away from the
19:34
benefactors of This system. So like if you are not in a
19:38
country that doesn't have a stable fiat currency, those
19:43
people are going to wake up to bitcoin a lot quicker.
19:45
Right? And you already see this in the
19:46
adoption rates, by the way, right?
19:48
This is why you see 30 to 25 percent adoption rate in turkey
19:51
and Argentina Nigeria people, they're just like, yeah, this is
19:57
stupid and I think just as in Sailors bit where he's like,
20:03
look, if you don't get it it's gonna be Be so obvious from now.
20:07
10 years from now, you're going to look back and be like, I
20:10
can't believe that politics and money were thing.
20:13
Like, I can't believe that was like actually, like people
20:15
actually thought that was a good idea, but we're kind of living
20:18
through the transition right now.
20:20
And obviously the powers of be are gonna they're going to fight
20:23
it like they're not. Okay.
20:25
With this transition, they get a tremendous amount of power,
20:28
whether that's the military industrial complex in the United
20:30
States, the administrative State, or the Deep state is
20:34
people like to call it. The reality is that the US
20:37
federal government is one of the largest employers on the planet.
20:40
They employ like 10 to 11 million people.
20:42
It's absolutely nuts. All those people, all those
20:45
people depend on the money printer, all of them, the US
20:49
government spends a trillion dollars every year than it
20:52
collects in tax revenue. So without that mechanism Think
20:57
about it for a sec, right? Because it's not always, you
21:00
know, it's not all, it's not all, you know, butterflies and
21:04
rainbows. There's there's different sides
21:06
to this and those people that benefit, and by the way, the
21:10
sovereign individual they made, they made, they talked about
21:14
this. They talked about those people,
21:15
they talked about the people that benefited from the modern
21:18
welfare state, which by, that's a whole other.
21:23
That's a whole other other rabbit hole.
21:26
But they talked about this is, I think a lot of people are going
21:28
to be upset with this changing power Dynamic and you as an
21:33
individual you have to like you have to think about it.
21:35
Like what are you going to do with your life?
21:37
What are you going to do with your family and the way that you
21:41
protect yourself? From all of this is taking
21:43
Bitcoin into self custody. Take Bitcoin itself.
21:45
Garcia's number one thing you could do then obviously second,
21:48
you know, run your own? No.
21:49
Don't trust on somebody else's but this is going to be a major
21:52
paradigm shift. This isn't just Apple Computers.
21:55
No, this is the Enough money to State.
21:57
We say it in the beginning of the show.
21:58
Anyways everybody look before we go because there's a there's a
22:01
good comment here and I kind of wanted to say the same thing a
22:04
Bushmaster sick because Apple had impact on the tech industry
22:07
over the whole time of existence and that is something in common
22:10
compared to bitcoin adoption and it's something Nico and I kind
22:13
of talked about Tom, look, I'm an iPhone user.
22:15
I am not ashamed to say this and it's something we have noticed
22:19
over here at simply as well as the idea and I've said in the
22:22
past and got some Flack of like apple flying Bitcoin products,
22:25
because Most people don't care the tools they use they just
22:30
want them to work like the WhatsApp model of billions of
22:33
people having encrypted messaging.
22:35
Like I don't think we are at that Apple.
22:37
IPhone moment yet in regards to bitcoin self custody but we are
22:41
we're like this close to it and once people don't know anything
22:45
on the back end and are using Bitcoin in their everyday life,
22:48
this is going to be like instantly ubiquitous with
22:51
everything we're doing in the world.
22:53
So like we're super close, I feel like we're super close.
22:57
I think we're still, we're still pretty early in this Bitcoin,
22:59
adoption game? Yeah, 100%.
23:01
It is going to change everything, that's absolutely
23:04
guaranteed. Anyways, everybody, let's get to
23:06
news, we got a lot to talk about, check it out.
23:10
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today. And also opting, I do take the
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time to go through all the messages to respond to all of
24:34
you guys. And we do really, really
24:36
appreciate them. So we appreciate all the love.
24:38
Anyways let's talk about the news for today which is, you
24:43
know, it's the news over the weekend is it was like it's I
24:46
swear to God. It's like a like like it's it's
24:50
this weird type of Like like it's like acting, it's like
24:56
acting. It's like, you know, like the
24:58
Republicans getting power and the conservative and they're
25:00
like, no, we don't want to grow the government.
25:02
We want to spend less like, you know, the we're gonna hold our
25:07
grounds like, you know, and then like then of course, the
25:10
increase the debt ceiling, no one wants to default, you know,
25:13
and then the president goes on, he's like the US has never
25:16
defaulted and then Twitter, like with the community notes is
25:19
like, yeah. But the US has defaulted men
25:22
like the Thing is just it's just it's a big fucking lie.
25:27
Like Fiat like the whole thing is a lie and it again like if
25:34
you're in the thick of things and you don't know and I'll turn
25:37
it of exist. You're like okay?
25:38
Like this is just a system like this is just how it works.
25:41
But, like, watching from the orange life raft, you're like,
25:45
looking in and you're like, like, who the flike?
25:49
What is wrong with these people? It's so archaic.
25:54
Like it's a, it's just nuts. And I'll prove it to you.
25:57
Like here is an article from Cato dot org and look whether
26:04
it's a republican, you know, so-called conservative or, you
26:08
know, or a, you know, a Democrat or liberal.
26:12
It's the same thing, increase the debt ceiling every time, it,
26:16
like, it doesn't matter who's in, who's, in, who's in office,
26:20
but let's get into the details a little bit.
26:23
So, and let's actually Define also what the debt ceiling is
26:26
for anyone who doesn't know. So in the United States, a debt
26:28
ceiling or debt limit is a legislative limit on the amount
26:30
of national debt, that can be incurred by the US Treasury.
26:33
Thus limiting, how much money the federal government May pay
26:36
by borrowing more money on the debt, it already borrowed.
26:39
The debt ceiling is an aggregate figure that Flies to gross,
26:42
debt, which includes debt in the hands of the public and intra
26:45
government accounts. Right?
26:49
And it just keeps getting bigger.
26:50
And then of course, no political party wants a default because it
26:53
would be catastrophic. So like they just keep kicking
26:56
down, just keep kicking the can down the road.
27:00
But anyways like again like the whole thing is a fugazi for
27:03
Ghazi, whatever that term is from Wolf of Wall Street.
27:06
Like it's just so stupid it like they're playing pretend Like in
27:12
my eyes, anyways, there goes on to say, after several weeks of
27:15
tense, negotiations, present president, Joe like tense,
27:17
negotiations, President, Joe, Biden and House.
27:19
Republicans have reached an agreement in principle to
27:21
address. The debt limit and cap spending
27:24
the drama. Notice the last part cap
27:27
spending the drama is, by no means over Congressional leaders
27:30
in both parties, have to convince enough of their members
27:33
to vote for the agreement, which contains Provisions that
27:35
lawmakers, on each side of the aisle, don't support, it goes on
27:38
to say, here's what to know. Here's what.
27:41
We know about the deal based on the bill text White House
27:43
sources. In a fact sheet circulated by
27:45
House, Republicans address. The debt ceiling, the agreement
27:47
would suspend the debt limit through January 1st 2025 Okay,
27:55
this removes it. As a potential issue in the 2024
27:58
election caps, non-defense, spending under the deal.
28:01
Non-defense, spending would remain relatively flat and
28:04
fiscal relatively flat in fiscal 2024 and increased by 1% and
28:09
fiscal 2025. After certain agreements to
28:12
Appropriations were made according to White House,
28:13
official the adjustments, including shifting, 20 billion
28:16
and Internal Revenue Service funding to other non-defense
28:20
areas, and we're sending 30 billion in unof Blige pain. emic
28:25
relief funding, according to the official, after fiscal 20-25,
28:28
there would be no budget caps, according to the official so
28:32
like They did stop spending. Like you could make the argument
28:37
that they slow down spending they definitely didn't cap it.
28:43
So like what's the point of this thing?
28:45
Like I'm telling you like this, this this graphic right here is
28:49
like the most indicative of what I'm talking about about like how
28:52
they're just playing pretend like.
28:54
It doesn't matter whether you this is why we tell you, it's
28:57
not green, it's not Red vs. Blue.
28:59
This is Red vs. Blue.
29:00
You're looking at it for audio listeners.
29:02
It goes back all the way to 1980 and it has a very Cool little
29:07
graphic and it shows you for blue.
29:09
That represents a Democratic president for red represents a
29:12
Republican president and the debt ceiling just keeps going
29:15
up. Like, literally up into the
29:17
right there, like this, what I'm saying?
29:20
Like, like, like they're just playing pretend and then your
29:24
support like supposedly. When you elect a conservative
29:27
government, you want the government to become smaller.
29:31
They can't do that. So, that means the option here
29:34
is to opt out. Anyways, So we all know this is
29:37
bitcoiners. I don't think that should come
29:38
as news to you, but I think the news that I do want to focus on
29:42
today is what was part of this agreement.
29:46
And of course we have worn Davidson.
29:48
He's a part of the House of Representatives and he's
29:52
extremely Pro Bitcoin. He's spoken at the Bitcoin
29:54
conference a couple times and of course you have the Legendary
29:58
Pure Richard who did the awesome video that debunked the New York
30:03
Times narrative that Bitcoin miners.
30:06
Emitting CO2, you know? And he asked Warren Davidson
30:11
directly. Here's the bill to the text.
30:13
What are your thoughts? And peer Richard said I searched
30:15
for the document. Don't mention a Bitcoin mining.
30:17
Does this mean the administration's Dame exercise
30:21
tax proposal is gone? Yes, one of the victories is
30:24
blocking proposed taxes. So what is the Dame tax?
30:27
We're going to go back in time for a little bit.
30:31
Here is an article that Nick Carter wrote a couple weeks ago,
30:35
it says the White House. Is Bitcoin mining tax.
30:37
Undermines itself goes on to say in its bid to marginalize the
30:42
domestic Bitcoin and shit coin industry, the White House has
30:45
Unleashed Financial regulation. Oh Nick that's not cool dude.
30:48
Look hold on a second like Marginalize.
30:53
No. No.
30:54
The the the mining industry is Bitcoin since etherium migrated
30:58
to proof of State like 97% is Bitcoin.
31:01
So I mean, I guess anyways the White House has it's funny.
31:06
What happens when you hold chick when bags right the White House
31:09
has Unleashed Financial Regulators deputize.
31:11
The banking sector and generally harassed crypto firms here.
31:15
On top of that. It is now trying to push through
31:17
a de facto ban of mining in the US with the Dame tax, the
31:23
proposed, lovely would add 30 percent to electricity cost for
31:27
minors, which would be enough to turn their economics upside down
31:30
and force them to leave these Shores.
31:33
The tax sets, an extremely dangerous precedent, as it
31:36
singles out in Industry that lawfully purchases electricity.
31:39
Holding electricity buyers, responsible for their carbon
31:42
emissions of the underlying generation.
31:45
That makes no sense. It's not Bitcoin, miners
31:47
responsibility to decarbonize electricity, they purchase that
31:51
falls to the architects of the Rid if the by demonstration,
31:54
can't get the grid to be, sufficiently green.
31:56
It should focus on that. Rather than pushing an industry
31:58
that buys less than a single percentage point of electricity
32:01
produced in the US and in a given year.
32:04
Well, it we've made the case for you guys on simply Bitcoin.
32:07
It has never been about that. It's never been about the
32:09
environment. It's about the, it's about this,
32:14
ladies and gentlemen. It's about this.
32:16
Bitcoin is a threat to this. They can't do this when a big
32:21
portion of the population, Action just decide not to use
32:24
their money anymore. They can't one trillion dollar
32:28
deficit. Spend a year when a percentage
32:30
of the population is like, yo, fuck that.
32:32
I'm opting out. They can't do that anymore.
32:35
So of course the system is going to fight back and the
32:39
environment, great, right? Such a noble cause who wouldn't
32:43
want to get behind that sounds so obvious.
32:46
Anyways, Nick had some updated thoughts on it.
32:49
It goes on to say, Bitcoin, mining Dame tax.
32:52
Defeated parentheses for now, Biden CA specifically Heather
32:56
bascially. Hold this l.
32:59
So I mean cool nice nice little win but at the same time like
33:04
you know clearly the system is fighting back.
33:06
And yeah I mean does this surprise you at all?
33:10
It doesn't surprise me just it's just funny.
33:13
The whole thing, the whole thing just like one big play a bunch
33:18
of larps, bro. This is one big like it's like
33:21
one big. Big one big like, yeah, you
33:26
know, the debt ceiling. We were conservatives and we
33:30
can't grow the government and f that, and if that, and like,
33:35
they end up doing it anyway, they've been doing this for
33:37
decades and this goes back to like what I was saying in the
33:39
very beginning of the show. If you had the power of creating
33:45
money for free that everyone else has to work for, are you
33:48
telling me that? I wouldn't corrupt you to the
33:50
core course it would. I think it corrupt any human
33:53
being and I think he I think bitcoiners are humble enough to
33:58
understand that and admit that no one should have the power of
34:01
being able to create money for free that everyone else has to
34:03
work for.. The matter, how powerful how
34:08
democratically-elected you are doesn't matter.
34:10
No. No.
34:12
We have a better system now and that systems obviously Bitcoin.
34:15
And I mean it costs you doesn't matter who you are.
34:17
The president, the emperor, the richest man in the world.
34:20
There's a cost to create more Bitcoin period.
34:24
Right. That's it.
34:25
And the creates a more equal Equitable system compared to
34:28
their system, the system that they're, you know, advocating
34:31
for, which is just terrible, system creates this massive
34:35
wealth inequality that we're currently experiencing, the US
34:37
the housing crisis. If you're, you know, if you're a
34:40
millennial Gen Z all the all the money printing that isn't you
34:46
know it isn't free. It's a wealth redistribution of
34:49
wealth redistribution mechanism from the lower and middle
34:52
classes that don't have. The means to save an assets.
34:54
Therefore, they don't benefit from asset inflation, every time
34:57
the government prints, it takes it from them that they save and
35:02
earn in dollars, and it gives it back to the very wealthy and it
35:06
gives it back to the government. It's not that capitalism makes
35:09
the rich richer. The poor poor.
35:12
It's the money that makes the rich richer and the poor poorer.
35:15
The money is fundamentally broken.
35:17
It's inherently corrupt, and it's broken.
35:20
And I think that the debt ceiling fugazi and play or like
35:27
whatever you call that, he's like literally a representation
35:33
and embodiment of this fucking fakeness of them.
35:37
He's just fucking lies, dude. It doesn't.
35:39
It's like it. Find when the Republicans get an
35:43
in power, it's like the government just grows slower
35:46
because it doesn't grow, it doesn't stop growing.
35:48
It just grows slower like it is. It's like it's not Red vs.
35:51
Blue. Everybody it's green Bruce
35:53
orange and you are on the side of Green which I just showed it
35:57
to you. It's total fucking clown world
36:00
or you're on the side of orange and you stop that shit.
36:02
You stop that Madness and you take back your energy, your
36:05
power, your work, your time. Anyways after you, what are your
36:10
thoughts on this? Bro, I know I think cover the
36:13
debts because I feel like it's like, it's a dead horse.
36:15
It's been, like, be didn't like, it's been talked about so many
36:19
times, but I think the Dame thing is really interesting.
36:23
I think that's a little win there for us.
36:24
That's, that's freaking awesome. It just buys us time.
36:27
They'll be back, but I think, you know, it's a nice little win
36:32
under our belt. Just feels nice.
36:34
We don't get those very often. Yeah, well I kind of want to go
36:38
back where you started this about how fake politician.
36:40
Ex seems or actually is, I've been saying this for a while but
36:45
I know all you guys, most of you guys are probably around my age.
36:49
You know, I grew up watching Chappelle's Show and every time
36:52
I see Politics on TV, it reminds me of Chappelle's Show when they
36:55
did politics and it's just you can tell how fake it is.
36:58
I can never get this image out of my mind of just how fake all
37:01
politics is. It's definitely acting.
37:03
It's definitely a charade, and the debt ceiling.
37:06
And And the fact I, we continuously show the same emote
37:10
over and over, or It doesn't matter who's in office red or
37:12
blue. They are going to continue to
37:14
spend money as Fosse says all the time.
37:16
It's 11th grade math and they have to keep spending money to
37:20
continue to Kick. The Can down the road again.
37:22
It is all a charade, but as a, as a psychopathic illiterate
37:27
Bitcoin acceleration assist, I'm okay with them creating more
37:30
money, more money and and then also dropping the damn tax off
37:38
off of us because hey, We all know, all roads lead to bitcoin.
37:42
So, if there's more paper money sloshing around, and there's
37:45
only 21 million Bitcoins. Eventually number will go up so
37:49
hard, and it's going to be so glorious that I'm just.
37:52
Okay with all this happening. It's, it's amazing.
37:56
Just seeing clown World accelerate into the depths of
37:59
hell that they want to see this happen.
38:01
Like they it seems like they as much as they want to pretend
38:07
like they want to stop things from happening there.
38:08
Just sitting there with like a can of gasoline and then
38:11
lighting it on fire and like, look guys were slowing this down
38:14
and it's just like continue to accelerate the madness because
38:17
there is no stop in sight. So I guess everything is really
38:21
good for Bitcoin and of course, no politician will ever default.
38:25
But I am going to be talking about this idea of defaulting
38:29
and maybe it could be a good thing.
38:31
Moving forward in the culture, I want to read Marty bench
38:33
newsletter from this morning because again as an acceleration
38:37
acceleration is Bitcoin. ER, and as Unlike we talk about
38:41
all the time as a millennial that basically got our future
38:44
stolen from us, I do not believe it is the best.
38:49
Move forward to continue to steal the future from from
38:52
generations and generations. Like we need to stop the buck
38:56
now and I think I agree with you Opti, but I just think that
39:00
like, the solutions on a political one, like, I just need
39:03
to agree when I do that. I want 100%.
39:05
All right, guys. Like I agree.
39:07
You agree, 100%. That play the Rick's and it's
39:11
exactly, we are conservatives. We're liberal, we like to spend
39:14
more and we do like to spend his ways like play the fucking game
39:18
and then just people just have to wake up and just be like,
39:21
okay, like you know you guys do that.
39:23
Have fun. I'm not opt out and I think that
39:27
is going to lead to a default but it's interesting because the
39:29
last couple times the US has defaulted, whether it's like
39:31
1933 when like FDR literally confiscated, all the people's
39:35
gold or 1971 and all the other times like they spun it in a way
39:40
where it's like, we Defaulted. We change the rules a little bit
39:45
but we never defaulted. We kept, we are the US
39:47
government. You could trust enough.
39:49
So I mean like but I agree with you dude.
39:51
I think that this is inevitable eventually.
39:54
The debt is going to get so high, that just the percentage
39:58
of the overall, the overall budget that the u.s. government
40:02
has to spend every year that percentage is going to be so
40:06
high just to pay off the interest to that debt.
40:08
Right? Is not a sustainable thing.
40:10
Thing. And at the same time, like we
40:14
cover this all the time, they have to print in order to to to,
40:19
you know, to to cover their expenditures and every time they
40:21
print, right? I've said it many times, it's a
40:24
wealth redistribution mechanism from the have-nots to the haves
40:28
to the government, right? But that's what Bitcoin is all
40:31
about. Bitcoin is a peaceful Revolution
40:33
and it's saying enough is enough.
40:35
Anyways, everybody let's get to the culture.
40:36
We got a lot of stuff about, I should get out.
40:41
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If you have any questions, doubts, or concerns, you could
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always hit me up on Twitter or the orange.
41:37
Burlap anyways, Abdi I just want to point out before you read
41:41
this at, this is a parody account of how I know.
41:43
I know I was gonna say this, I was gonna I was gonna give this
41:46
context guys. While this tweet is parody here,
41:51
I think there is still a message to be heard here because what is
41:57
the genius of parity? It is because it is so close to
42:00
reality and the actual message that people are saying that you
42:03
can't tell whether it's fact or fiction.
42:05
And, like I said, in the beginning, there is a little bit
42:08
of parody in. This tweet and the next tweet
42:10
is, it's almost unbelievable that it isn't parody.
42:14
But the point of this little conversation, is the idea that
42:18
even though our politicians, they can play all the charades,
42:21
they want, all the fugazi they want about the debt ceiling.
42:24
There's people out there that actually believe in the idea of
42:27
printing more money will fix all of the world's problems.
42:30
And everyone in the chat is saying what we say.
42:32
All the time, you cannot fix a broken system via continuing the
42:36
broken system or as Nico. He says you cannot find a Local
42:39
solution to the problem right now because we all know what the
42:42
problem is. It is print more money.
42:44
Anyways, we got this Alexandria. Okay.
42:47
Xia Cortez parody tweet here and it goes printing.
42:50
Money is the only way out of inflation.
42:52
I think we've all heard this, whether it's been parody,
42:55
whether it's been by, you know, people that are economic
42:59
illiterates and not Psychopathic economic illiterates, but shout
43:03
out to my boy, the Bitcoin therapist because he got this
43:08
little tweet here, Here it's a it's a tick tock video and it's
43:12
literally saying this exact thing.
43:13
So this isn't this, I'm almost positive, this isn't parody but
43:17
it's a continuation of the idea that we talk about all the time.
43:21
People actually think that printing more money is the way
43:24
moving forward. So, forgive me for making you
43:27
guys deal with this atrociousness here, but I think
43:31
it is worth worth mentioning and saying right now in the show
43:35
because people actually believe this actually believe that
43:38
raising the debt ceiling. Feeling that printing more money
43:41
is the way out of this and if they just printed more money
43:44
than we would all be rich. Anyways, let's let's watch this.
43:53
What if we didn't have to work to earn money?
43:58
Seriously seriously, what if money?
44:02
Was just pull free. Yeah.
44:08
Seriously. I don't bought it.
44:11
Why don't we just print more money?
44:13
You see I know I know what you're going to say.
44:15
Oh, it's going to decrease in value then everything's just
44:17
gonna come to nothing Bubba. I don't care.
44:22
I don't care. We have money printing machines,
44:29
print more money, I know Chuck the server offline or some shit
44:33
and no one has to know, just sneakily distribute it to people
44:37
and filter. Nobody has to know there are
44:39
ways to do this. I probably why is no one done
44:42
it. Please don't want to go to work
44:44
today. She likes people have done it
44:49
but you look exactly as well. Look at Argentina like like so.
44:57
You know, most countries don't have the privilege of the US has
45:02
where it's the global Reserve currency.
45:05
It's able to do this because other countries are holding
45:07
dollars, they're using dollars to transact.
45:11
So the US government has this very unique privilege of being
45:16
able to print a lot more money than everybody else.
45:19
But printing, more money doesn't create more wealth, right?
45:22
Like that is the, that is the crazy part.
45:25
Like, the only thing, That creates more wealth is
45:28
productivity, right? You have to, you have to work
45:31
for shit, you have to make shit to earn shit.
45:35
It just doesn't just fucking like, grow out of nowhere and
45:39
just a revolutionary concept Nico.
45:42
Like, you know, it's nuts to me. Um, but you want to know what
45:46
the unintended continent ended with this.
45:48
You want to know what the unintended consequences of our
45:51
Fiat, it's clown world number number one.
45:55
And there you go, that video. It disconnects people from
45:59
reality, it makes them lazy and makes them complacent.
46:02
It also takes away any element of personal responsibility of
46:06
their lives, right? We live in a world where people
46:09
fundamentally believe or a big percentage of the puppy
46:12
population believes that money literally comes out of thin air,
46:15
right. You have to earn it, you have to
46:17
produce it. And the thing is with Bitcoin is
46:19
that it forces that function on you you cannot get a room, you
46:23
cannot get a around it, right? You gotta mine Bitcoin, buy
46:28
Bitcoin, or earn Bitcoin. You can't turn to a politician
46:33
how it is in the Fiat system say hey I'm very upset.
46:38
I want free healthcare, I want free education.
46:41
I deserved it because I was born and I want all these things.
46:45
You're going to redistribute it, you're going to take it from
46:46
someone else and you're gonna give it to me.
46:48
That function is severely limited with Bitcoin because
46:52
they get away with it with two ways white, the, the wealth
46:55
redistribution mechanisms, right?
46:57
Now, our taxation, which is a whole discussion, right?
47:03
I don't want to go down that rabbit hole.
47:05
We have a lot of bitcoiners in the chat but let's talk about
47:09
inflation which is the most effective wealth or do wealth
47:13
redistribution mechanism. So the what she doesn't realize
47:17
is that yes, the government can do this but she's at, let's say
47:20
she gets $100, she's paying $200 through inflation and she's
47:25
getting $100 back, dash, it is like that.
47:28
It ain't coming out of anywhere. It's coming out of your back
47:31
pocket to give it back. To you.
47:34
It's like it doesn't just come out of, or you're taking it from
47:37
someone else, right? It doesn't work like that.
47:41
And the thing is, like, the most fucked-up part about all this,
47:45
is that it disproportionately affects the lower and middle
47:49
classes, which happened to be the millennial and Zoomer
47:53
Generations. We haven't had the time to build
47:56
up the wealth. So most of our well, I mean,
48:00
obviously not not, I'm not obviously, not Opti and I but
48:04
most people, they're saving and earning and dollars, or they're
48:08
saving and earning and their fiat currency in their
48:10
countries. They're not, they don't, they
48:13
living paycheck to pay most people live paycheck to
48:16
paycheck. So like every time like what
48:20
she's saying would literally disproportionately hurt the poor
48:27
and the middle class the people that here and her the people
48:31
that she is supposedly advocating for right, so Bitcoin
48:36
takes away that mechanism. It takes it away from
48:39
politicians and because it takes it away from politicians, it's a
48:42
forcing function. It's like, once you take that
48:46
away, there is no. Shinto cry to, you got to earn
48:50
Bitcoin, mine Bitcoin, or steel Bitcoin, you can't get away.
48:54
Which, by the way, I feel like the last one, is going to become
48:57
very popular. As in, as in was theorized in
49:01
the sovereign individual in, the hostage-taking is governments
49:04
will do in order to keep up their taxation.
49:08
But ya know it you, this is going to fundamentally change
49:12
everything and it's going to force people to take personal
49:15
responsibility of their starve. Right.
49:18
Instead she has a very, very Savage way of describing this in
49:25
his works. But anyways, Opti, I love that
49:29
you play that video. Yeah.
49:31
Very, very appropriate for these kind of greed.
49:33
I changed up what the culture was today, because I knew you
49:37
were doing the debt ceiling. And I'm like, okay, I have the
49:39
perfect culture for you guys, but I think what we always
49:43
talked about here and this, this isn't the end of it because I
49:46
really wanted to Kind of touch on Marty bent newsletter this
49:49
morning issue 1343 and it's something we talked about here
49:53
all the time on the show. There is no political solution
49:56
for this. We know that the only way out of
49:58
this is for them to try. Well it's not really a way out
50:00
of this, we know that the only way they can continue this
50:03
process by them printing more money.
50:05
And as much as they can play the charade of, oh, you know, the
50:07
debt ceiling. We're not going to raise it.
50:09
Are we going to raise it? We know that they will continue
50:11
to spend money. They will continue to print
50:13
money. They're not going to stop
50:14
printing money because this is the only way to Kick the Can
50:16
down the road. But I really like this piece by
50:19
Marty bat because it's something that we talk about here all the
50:21
time. It is basically saying like I've
50:24
had enough of this. I'm opting out of this madness.
50:27
Let's default now as the acceleration is Bitcoin, it's
50:30
like bring it all down so that we can move forward.
50:33
And I'm going to only touch a little bit of on this from Marty
50:36
bamp, but I think the message should be heard more often he
50:39
goes take on the burden now, so our children don't have to.
50:42
It is time for our generation to come to grips with reality.
50:46
And he goes this tweet right here, if There must be trouble.
50:48
Let it be in my day that my child may have peace and the
50:51
single reflection. Well applied is sufficient, to
50:53
awaken every man to duty that is Thomas Paine and kids.
50:56
Don't let power drunk who are unable to Face Reality.
50:59
Put our children further into debt because the debate that is
51:02
currently raging over, the debt ceiling is a bit nauseating.
51:05
This Doom Loop of kicking the can down the road is an
51:08
extremely dangerous game that we play for every time.
51:10
The can gets kicked further down the road in the form of higher
51:13
debt, limit the less serious. The limit is taken it exists as
51:16
a form of forest temperate. Make sure the federal government
51:18
is being responsible with the finances of the country, the
51:22
normalization of raising, the debt limit renders the attempted
51:25
Temperance, null and therefore allows the government to be.
51:27
It's irresponsible and Reckless with the nation's Finance as
51:30
they would like to be fueling War spending on entitlement
51:33
programs, subsidizing soy, slop and unreliable, energy
51:36
infrastructure, and a slew of other wasteful Endeavors are
51:39
simply thrown in the grocery cart.
51:42
And when all is said and done, the people who are footing, the
51:44
bill are our children who are forced to deal with ever higher
51:46
tax rates. And price inflation from money
51:49
printing that will inevitably come in an attempt to service
51:52
the debt that has been racked up.
51:53
We don't even really have to wait for our children to suffer
51:56
these consequences because we are dealing with this now.
51:59
And so this is kind of the idea guys that that I wanted to
52:04
illustrate here. Is we know the problem we know
52:07
that the politicians will never solve the problem because they
52:10
are financed through the money Printing and it's just something
52:14
that we kind of talked about here all the time.
52:16
I talk about this, all the Common spaces and I'm going to
52:19
use Texas Slims meme that he uses, it's like, engineer your
52:23
own suffering today, because if you don't, someone else will
52:26
engineer it for you and they will steal your future.
52:29
They will steal your children's future.
52:30
Nico, and I are both Millennials.
52:33
Basically, everyone on our team is all Millennials and we are
52:36
all in the same boat right now. Is like, we ain't got shit.
52:39
It's been stolen from us, but we are not going to sit here and
52:42
act like victims. We're not going to sit here and
52:44
be like that. Girl, I don't want to work, I'll
52:46
just print more. More money.
52:48
More money makes us all rich. No, we have opted out.
52:51
We have taken our money into self custody.
52:54
We save in Bitcoin. We continue to build simply
52:57
Bitcoin. We continue to do our best to
52:59
spread this message that more people.
53:00
Wake up to what game is actually being played.
53:03
There is a game and you are an active Outsider of that game.
53:08
It is working against you. This is where we're at right
53:11
now. Do not fall for the left side,
53:15
right side, red or blue side. It Shit shit, exactly.
53:21
It is. Those in power with the money,
53:23
printer versus the have-nots. So opt-out hold Bitcoin, spread
53:27
the Bitcoin message to all of your friends as someone said in
53:30
here in the chat, which was actually really great.
53:32
He's like, bitcoiners or the last with the entrepreneurial
53:35
spirit and it really does seem like that continue to work hard,
53:39
continue to build stuff and save, and Bitcoin provide value
53:41
to your fellow, man. This is the way, this is how we
53:44
move forward. It is not a political solution,
53:46
it is not them. Pontificating, whether the debt
53:49
ceiling should raise or not. Because we all know the very end
53:52
of the day. Politicians will figure out a
53:54
way to spend your money because it's not their money.
53:57
This is the game. So opt out of this, we don't
54:00
have to listen to them. We built a parallel system that
54:03
they can't control, and it's absolutely beautiful.
54:05
On this side of the monetary aisle, saving Bitcoin, take
54:10
Bitcoin in South custody run, a node spread that signal to
54:12
everyone, you know, and, you know, as we played in the in the
54:15
say like clip and 12. From now, we're going to look
54:18
back on simply Bitcoin and be like, wait, simply Bitcoin,
54:20
simply enter, and of course, everyone holding Bitcoin.
54:23
Of course, the world is getting better, and of course,
54:26
politicians cannot be drinks, maybe.
54:28
Satoshi will sponsor us, maybe. Anyways, everybody, let's, let's
54:35
get to the mean review. We got a lot to talk about, but
54:37
before we get to the meme review, I want to give a very
54:39
special shout-out to that plates.
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Listen to that. It has some, are you here that?
55:28
It's absolutely solid. It's solid.
55:30
It's solid. It's didn't.
55:31
And now Opti. And I are dangerous Opti.
55:33
Should we? We should to time it?
55:40
Yeah, exactly, exactly. Exactly.
55:45
Anyways, everybody else gets the movie.
55:47
Let's Do It. The daily meme review brought to
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you by Kaboom racks. I get this question all the
55:55
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Kaboom racks, we got, we got some Stations by the way.
56:19
Yeah, this one's lit right here. I'm a big fan of this one.
56:22
Mike simply living. Oh, I like that one, dude.
56:27
And then we got Bushmaster 6. This is my second favorite
56:33
simply debt ceiling. Could you imagine a Fiat show?
56:36
Like simply Fiat like, oh, man, bleep money printed have to just
56:40
lie the entire time. Oh wait, so like the corporate
56:44
press sounds legit, very lucrative, the, you guys.
56:48
Oh, nothing and be happy. We'll have clouds early World
56:52
economic Forum. Klaus on the show as a guest.
56:55
I'm gonna be exciting. All right, guys, you already
56:58
know this is the mean review. Your favorite portion of the
57:00
show, where you guys send this memes, and tag Us in memes, and
57:04
I review them live on the show. Well, tweet to the bullets memes
57:09
artillery, we are an information War.
57:11
So, continue to spread the signal continue to ridicule, the
57:14
corporate press continue to make your friends laugh.
57:17
And in, in The in the true nature of the mean review and
57:22
not only trolling, but also triggering.
57:25
I want to do a little bit of my own trolling and triggering
57:29
today by bringing this meme up by Adam back.
57:32
And you guys, bitch came before sat here's Bitcoin QT, B / sat
57:37
or why not both. And here's a picture of Bitcoin
57:40
core with B 0 point, 0, 0, B. And then I'll be here, the two
57:45
digits on the bits are set to 1 Point 2, 3 bits, Cause 123 sides
57:50
just like one dollar and twenty three cents is 123 Center.
57:54
Ice at is a bit sent. I know.
57:56
Everyone's going to throw tomatoes.
57:57
I know everyone's like, sad 21 bits are over.
58:01
I don't know, man. It's British wob.
58:05
That's kind of It kind of hit B. Kind of slap guys.
58:08
I don't know. I don't know.
58:09
B, b. That's in the chapel.
58:14
Yeah, not yet. I think we could do a YouTube
58:16
poem, pretty sure. Yeah, you gotta do it on the On
58:19
YouTube actually but I don't know man.
58:21
I'm a SATs Maxie but B just kind of I feel like there's some
58:26
Lindy to bit. Anyways, let's get on to the
58:28
next Meme and we got whoa, Jack Bitcoin memes over here.
58:31
AKA at willjack Bitcoin on Twitter and it goes, the state
58:35
doesn't care about you and we got this.
58:37
Whoa, Jack and PC Norman. It goes vote in The Tech Guys.
58:40
Yeah, but unchaste that's were bits and he goes, I don't need
58:43
to invest in Bitcoin when I retire.
58:45
I would just get help from the state and we got Add Frederic
58:49
bastiat over here and it goes everyone wants to live at the
58:51
expense of the state. They forget that the state lives
58:54
at the expense of everyone deserves some horns that one.
58:58
Okay. The next one is at Maxie's Club
59:00
minute 409 Bitcoin is and we got this unfazed Bitcoin, ER Pepe
59:07
the Frog. Bitcoin with the glasses on and
59:09
it's and his Martini or his champagne holding a Bitcoin
59:13
logo, holding his coins, holding his keys and stuff, custody
59:16
goes, Bitcoin is dying. And then we got The Bitcoin
59:19
price and ago. Bitcoin is a bubble away.
59:20
No Bitcoin is dead when it pops in Bitcoin is a bubble.
59:23
Wait, no, Bitcoin is dead. Weight.
59:25
It pumps again into bubble and then it dies again and it is
59:28
dead and then it continues to pump and it is a bubble and
59:31
then, of course, Bitcoin is dead right now.
59:33
And I don't know why we are still here because Bitcoin is
59:35
dead and obviously is never going to get into Bubble Mania
59:38
again, big cap. Alright.
59:40
Anyways, this next meme is by priced and BTC and it goes no
59:43
matter what. Action Central bank's take all
59:46
roads lead to bitcoin and it goes.
59:48
Did you buy Bitcoin? And then it's another question,
59:51
do central banks print money, if no, then you still buy Bitcoin
59:55
because it is Sovereign, default Financial system, collapse and
59:59
Society loses faith in the Fiat currencies, and if your Central
1:00:02
Bank does print money and the answer is yes, then you still
1:00:05
buy Bitcoin because you need to protect yourself from inflation
1:00:09
from the financial system collapsing, and Society losing
1:00:12
faith. It's almost like it's the same
1:00:14
thing. It's almost like it's win-win as
1:00:15
a big corner. And we are the only ones with
1:00:17
the actual Solution to the problem.
1:00:20
Anyways, it's next meme is by Rd underscore BTC and it goes
1:00:23
hashtag fomo. Gonna Get You hashtag Bitcoin
1:00:26
and we got a picture of some girl freaking out and it's
1:00:29
zooming in and out blurry. And it goes if you're not buying
1:00:32
Bitcoin right now, this will be you next year, just absolutely
1:00:35
devastated and freaking out because the prices start to pump
1:00:38
anyway, Nico, we got a request from our friend, toxic big
1:00:41
corner on Twitter, and this is Beavis and Butt-head.
1:00:46
Do Bitcoin coming to a screen. Bigger than your TV.
1:00:49
But they request here is by toxic because it goes Opti.
1:00:53
Thought you'd have a check on how many sides to get you and
1:00:55
Nico to do. The impression on simply do
1:01:01
Bitcoin. There's next one, not Jerome.
1:01:07
Powell AKA Ali Farhat 79 on Twitter.
1:01:10
Girls, how are the negotiations to our?
1:01:13
How are the negotiations to avoid?
1:01:16
A default going the US government?
1:01:18
We got Biden. Who is the dude, you put on,
1:01:20
who's this guy? Kevin McCarthy, Kevin McCarthy
1:01:23
and he does best we can do is cut 15 billion dollars.
1:01:26
In print four trillion dollars play on Pawn Stars.
1:01:31
Anyways, Drop Your Meme review score in the chat and recover
1:01:36
hours line count not Jerome Powell that's really how
1:01:40
actually freaking slaying. Write my name if you score for
1:01:43
today is the no more tree murder.
1:01:49
Hashtag. Stop the presses.
1:01:50
Hashtag stop New York Times. Shouts out to the crypto couple
1:01:53
shots at the Walker. Absolutely killing it.
1:01:55
Thank you for the sticker. Yeah, absolutely.
1:01:59
I'm gonna give it. Okay.
1:02:03
I'm gonna give it. 33 of what is this?
1:02:12
It's no, no, it's not space Clover.
1:02:16
I don't know if I drop your plate.
1:02:21
Wait, everyone is saying Max standard if you know, Max.
1:02:25
Okay, let's let's take a look at the YouTube.
1:02:29
Ok. I'm going to end the poll.
1:02:30
We got 23 poll, we got 23 votes in the poll 83%. 82 percent of
1:02:35
you said SATs so only Saturday corner so they're Bitcoin is.
1:02:39
So this is the thing, this is What you guys don't get.
1:02:42
Mike is the one, the, as my sober Bitcoin friend oves was
1:02:46
sober, takes B, would be easier for the normies, guys.
1:02:49
It's just, it's just Lindy, it's less thinking for them, but hey,
1:02:52
I'm a sad to Maxie because more. Number better.
1:02:55
I like having thousands of sites.
1:02:57
It makes me feel rich, but I think the normies it like a
1:03:00
hundred, you know, hundreds at stoolbend.
1:03:02
It's like a dollar and pennies it just it makes, oh the club.
1:03:07
Sorry. Mike, it's clubs a club.
1:03:09
I don't, I don't gamble. I don't play poker.
1:03:11
Poke is great good. It's a great.
1:03:13
Great game. Anyways anyways yeah I think
1:03:17
it's an interesting debate, but the beauty of Bitcoin is, you
1:03:20
could use whatever you want and most wallets have both, you have
1:03:23
the either SATs or B, it's really up to you.
1:03:27
Anyways. Before we get to reading some of
1:03:31
the meme scores, I'm going to give a shout out to our awesome
1:03:34
clothing sponsor, Opti and I wear the merch every single day
1:03:37
on the show, when the classic blue represent.
1:03:41
He opted, he's wearing these simply Bitcoin marriage.
1:03:43
He's got the simply Bitcoin hat and the simply Bitcoin limited
1:03:47
edition hoodie, which can't buy because all of it is sold out
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was well, I think this one was only like one of them that sold
1:03:54
out. Anyways, the step backs are
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available, you can scan the QR code on your screen right now
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from your phone and it will take you to the represent store.
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You could use Comeau code simply Dash Bitcoin.
1:04:04
Get yourself a nice nice little discount, 10% discount, Anyways
1:04:10
everybody. Oh, and you simply Bitcoin merge
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dropping soon and for the ladies yes we got simply Bitcoin merch
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specifically designed for the ladies dropping dropping very
1:04:19
very, very soon. Anyways let's get through some
1:04:21
other scores Opti. Let's pull it up my bro.
1:04:25
All right first one we got a lane simply Bitcoin. 101
1:04:31
required in public school grade. 0, through 12 for college
1:04:35
graduation, we would make a generation of Hardcore
1:04:38
libertarian bitcoiners Oh man, governments would hate us
1:04:42
Bushmaster. 6op T's ex-girlfriend lagarde's spinning
1:04:46
on the debt ceiling. Well opt he's playing catch.
1:04:50
Iy K YK. All right, what does that mean?
1:04:53
Opti if you know you know. Okay, thank you.
1:04:56
I'm terrible with the just the letter things.
1:05:00
Anyways, except for gotta go GTG.
1:05:03
I got that one or BRB got that one too, dude.
1:05:08
Millennial Boomer can. Confirmed.
1:05:11
Mike Hobart playing drinking games with both, opt.
1:05:14
He's slam pieces, lizza Lagarde. And yell yelling yelling Robert
1:05:21
Schmitz. I give the memes aoc's, Warren
1:05:24
torrent, Warren tax the rich dress, very, very nice.
1:05:29
Why don't, why don't why why isn't the tax the poor?
1:05:34
Talked about more because that's what inflow that's what
1:05:36
inflation is. Inflation is a tax on the poor.
1:05:39
This should be talked about more.
1:05:41
Anyways, guys, thank you so much for tuning in.
1:05:45
Yeah, that's right. The buzz time drug.
1:05:52
Anyways, close enough guys. Thank you so much for tuning in
1:05:54
to another episode of Simply Bitcoin live.
1:05:56
I am back but shout out to Opti for holding it down last week he
1:06:00
absolutely freaking killed it with our boy run.
1:06:03
And who's back in the saddle, he's gonna be dropping the hot
1:06:07
fire this week, so keep an eye out for rust and clips.
1:06:10
They're coming in hot and of course guys will be back
1:06:13
tomorrow, 12:15 p.m. Eastern Standard Time for
1:06:16
another episode of Simply Bitcoin live.
1:06:17
In the meantime, we love you, appreciate it.
1:06:20
If you smash the like button, consider subscribing.
1:06:22
If you feel like we provided you value, I'm your host.
1:06:24
Niko's my co-host Opti, and we'll be back tomorrow on troll,
1:06:28
on Twitter spaces as well. We love you all.
1:06:31
See you guys later. Peace out.