Latest / Simply Bitcoin / SBF was ordered by Bahamian government to hack FTX | EP 621

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SBF was ordered by Bahamian government to hack FTX | EP 621 · Simply Bitcoin

0:13
Wow. Today is November 18. 20 22.
0:16
Welcome to Simply Bitcoin live. We are number one source for the
0:20
peaceful Bitcoin Revolution because they're breaking news
0:23
culture me Matic Warfare will be your guide through the
0:26
separation of money and state and that's exactly what we're
0:28
living through nowadays. Anyways, more SBF drama.
0:32
This is probably the last time we're going to cover this
0:34
because this is just ridiculous at this point article, by the
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New York Post. Literally, it looks like the
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Bahamian government asked. F to hack his own exchange to
0:46
transfer some of those assets into the Bahamian.
0:49
Government's custody. There's also he also got
0:53
interviewed by Vox and through Twitter.
0:55
DM, and just looking at some of these replies, man, this guy's
0:59
not. All right in the head, dude,
1:01
just not cool. We're also going to talk about
1:04
Jack Dorsey and his his he's grating a hardware wallet, more
1:08
news dropped on, where that harder wall is going to be
1:11
manufactured. And It's really interesting and
1:14
the logic of how they're or the strategy and how they're
1:19
developing this. It looks like they just want to
1:22
make self custody easy for everybody and that's a very big
1:25
challenge. You know, especially if you've
1:28
been in the Fiat Matrix for most of your life.
1:30
You know the idea of writing 12 words writing down 24 words and
1:35
taking self custody of your wealth.
1:37
When you've been Outsourcing that responsibility for maybe
1:40
your entire life is very radical, right?
1:43
Right? So we do have to make self
1:45
custody easy because the end of the day, what we always tell you
1:48
enough, people take self custody of their Bitcoin, we win this
1:51
revolution. There's absolutely nothing they
1:53
can do about it, but if we don't learn lessons from the past and
1:57
most people Outsource that responsibility to third parties,
2:01
not only is it easier for governments to co-opt and
2:04
capture, but you're also trusting those third parties to,
2:09
you know, have integrity and not just, you know, do Shenanigans
2:12
with your funds. And the example of FTX you know
2:16
all the bells and whistles mr. Wonderful.
2:19
Tom Brady and it still turned out to be a scam.
2:21
So the answer to all this is stop trusting other people with
2:24
your money, just take self custody, it's as simple as that.
2:27
It's so simple. Some people make it complicated,
2:30
but before we start the show, I want to give a shout out to my
2:32
awesome co-host to always optimistic.
2:35
Optimus Fields. What's up, bro?
2:37
Well, good morning, Nico and good morning.
2:40
Everyone out there in YouTube. Twitter land.
2:43
And good to be here. And on the day of content and oh
2:46
and Rumble. And oh yeah, well and Bitcoin
2:48
TV. What's up, everyone?
2:50
How you doing today? Good to be here, good to be
2:52
here. I'm going to keep the culture
2:54
close to the chest because we are supposed to have a guest
2:58
here. He said he's going to be running
3:00
a little late. So I hope he pops in so we can
3:03
do the culture we had in mind, but if not I got something a
3:07
plan B for us. That would be very fitting on
3:10
today's show. So either way, we're going to
3:12
give you guys the sauce, too. But man, just in regards to this
3:15
F, SB F ft x stuff. I've been saying it, I think all
3:20
week like the farther we are away from this collapse in, the
3:23
more information that is coming out.
3:25
It it just gets more and more ridiculous.
3:27
It's absolutely insane. This circus show that is that is
3:31
following the FTX debacle and and I just showed you this
3:35
morning like Forbes drop some ridiculous article about
3:38
Caroline as well. It's it's almost like the Legacy
3:41
Media is in bed with these people.
3:43
Absolutely amazing. Absolutely amazing.
3:45
But let's just get into an Eco. Let's do this.
3:48
All right, everybody, let's start the show.
3:51
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of recording the Bitcoin, prices at 16,500, 82.
4:22
It's under 20K, it's a great time to stack SATs per dollar
4:26
6031 block height, 760 3736 reachable, Bitcoin nodes were at
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14950 one blocks to the happening. 76262 for having
4:38
estimate April. 22nd 2024 total lightning, network capacity were
4:42
at 5135 capacity, value, 85 million, u.s. dollar.
4:47
Rose realized monetary inflation, Bitcoin continues to
4:50
take Fiat currencies to Absolute school.
4:52
Where at one point seven, seven percent and market
4:55
capitalization 318 billion dollars.
4:58
Now there is good news, I can't emphasize this enough.
5:02
This week was historic in the battle or the information war or
5:09
just the the self custody problem in the first place.
5:14
It looks like enough people got spooked whether that was Gemma.
5:17
I going down momentarily there. Earn program, shutting down, FTX
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collapsing Celsius collapsing. Looks like enough people burnt
5:26
their finger on the stove and said enough is enough.
5:30
I don't trust these third parties anymore, I'm going to
5:32
take self custody and it looks like that's exactly what's
5:35
happening. And I have some data to back up
5:38
that that claim. Let's check out glass node
5:42
right? And the amount of Bitcoin that
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is held on exchanges. Has is literally taking a
5:49
nosedive. It looks like people are finally
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taking self custody, right? It's the orange line and it is
5:56
back to the August 18th, 2018 level.
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That is great, man. This is good news, dude.
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This is really, really good news.
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Also good news as well. And this looks like it's going
6:10
parabolic, right? The Bitcoin addresses with point
6:13
one, Bitcoin or more. Look at that.
6:16
Literally Looks like a shit coin.
6:18
It's literally a line going all the way just straight up and
6:22
that's amazing. That could also be people.
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Taking self custody, let's check out.
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Alan should addresses with one Bitcoin new whole coiners, 11
6:31
Bitcoin whole Corners being minted.
6:33
It looks like the addresses of whole coiners is almost at a
6:37
million. It's sitting at 933 0 933
6:40
thousand and let's check out some more numbers addresses with
6:45
10 Bitcoin or more, right? These are more wealthier
6:48
individuals. It's looks like it's being
6:50
static, but the smaller guys, man, I love that.
6:54
That makes me extremely positive, especially addresses
6:57
with point one, Bitcoin, or more.
6:59
These guys, man. Look at that.
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That that makes me really, really, really, really happy.
7:06
Also addresses with 100 Bitcoin or more, you have a lot
7:10
wealthier, individuals continues to remain static.
7:12
So it looks like it's only really the smaller guys, right?
7:15
And then of course these are exchanged As you can say or you
7:19
can even say that the whales man, addresses would 10K Bitcoin
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or more? Holy crap, dude, it looks like
7:26
the whales are buying the dip, right?
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So it's really the smaller guys and the whales but everybody in
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the middle, the 10 to 100, 100 Bitcoin.
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Those guys are just, I don't know what's going on over there.
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Anyway, some original thought, I said the silver lining in all
7:38
this is that the FTX blow up has been one of the best motivators
7:41
of ever seen for individuals to finally, take self custody of
7:46
their Bitcoin. And It's absolutely right.
7:48
And here's some information from Google Trends, right?
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Check this out. I searched how to buy Bitcoin
7:53
and how to buy crypto right? Take a look at that how to buy
7:58
Bitcoin is going. It's going it's a parabolic and
8:02
how to buy crypto is literally sinking like a shit coin.
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Amazing to see amazing to see. And this is a big difference
8:09
because look at May 20 21, it was how to buy crypto, all, show
8:13
the pump, like the mini pump in November the second pump.
8:16
It was how to Krypto and now after the FTX blow up and after
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this is a really promising Trend, man, people are not
8:24
interested in crypto based on Google.
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Trend analytics, people are interested in Bitcoin, this is
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very promising. Now what sucks is there?
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It needed to be an exchange that blew up in order for these
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lessons to be learned. And a lot of people got wrecked
8:38
in the first place but the good news is that people are learning
8:41
Bit Coin and crypto and people are also learning, not your
8:45
keys, not your corn, right? So there Is some positive news
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at the end if you look at all the analytics, bro.
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The, you know, whatever, they're called the shrimp.
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And the little guys, man. The point one, the whole
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coiners, new whole Corners are being minted.
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This is a great opportunity for everybody.
9:01
American hottel said at the other day, he tweeted, he said
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it best right at this at these prices.
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You have no excuse, you could make it to one whole coin.
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You just got to put your mind, your back into it and you know,
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be part of that 21 million Elite that have that privilege.
9:17
Be able to hold one whole Bitcoin, man, you know, remember
9:20
it's 21 million divided by infinity.
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And if you divide it by the human population, it's 21
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million divided by 8 billion. So just you holding one Bitcoin
9:30
makes you the privileged Elite specially in the hyper Bitcoin
9:34
eyes world that. I think we're all fighting for
9:36
that. I believe we're going to and I
9:38
believe we're going to because just Bitcoins incentives, are
9:41
better than any government coercion, they have up their
9:44
sleeve anyways Opti. What are your thoughts on all
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this? But this is very good.
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News, bro. That's what I'm thinking.
9:49
Well, first off, I thought you were going to mention American
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Hollows tweet, where he said that you guys have no excuse to
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not stack 6.15 because of these prices.
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But hey, you took in ticket another way.
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No, obviously jokes jokes jokes but this is the great Exodus
10:08
from exchanges so love to see it.
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Those charts that you showed the glass and I was charged and all
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the address it's going parabolic.
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You know, what's it, the shrimps dolphins and crabs and whatever.
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All the different names are out. There people are stacking
10:24
Bitcoin which we've been saying for a long time that there's
10:28
irrefutable proof that there's more bitcoiners coming into the
10:30
fold, there's more people stacking Bitcoin.
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But to the point of what we're saying, you know, hopefully
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people do learn their lesson this time around.
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But I think that, you know, we're only going to learn our
10:42
lesson until we don't. And we recreate this again next
10:44
cycle because I mean, I remember when I came I'm in the big, the
10:48
big lesson was mt.gox and, you know, they had a bank run,
10:54
basically, they went in solving as well and it seems like people
10:57
are forgetting those lessons from the past, but I think this
11:00
cycle or this time around with this FTX collapse with the three
11:03
arrows, Capital collapse, the Celsius collapse.
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All the lenders that are about to blow up, you know, block 5
11:09
Voyager. I think that these lessons of
11:12
putting our, you know, our Collective hands on the stove
11:16
over here. It's becoming.
11:18
It's made so much noise this time around that people aren't
11:22
going to be able to avoid this. This like this fundamental truth
11:26
of not your Bitcoin or not your keys, not your Bitcoin and
11:29
seeing the Google Trend numbers go up though.
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Like that's going parabolic, so maybe I'm wrong.
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Maybe people are waking up to the Bitcoin only message and and
11:39
realizing that crypto is a scam and that you just need to buy
11:42
Bitcoin, put it in the cold storage, save your Bitcoin and
11:45
avoid these Landing platforms. Like I've talked to a few
11:48
bitcoiners and you know relatively new bitcoiners and
11:52
they got themselves wrecked on on these lending platforms
11:56
having their Bitcoin on exchanges and everyone is
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feeling the pain for that. We say it all the time you know
12:01
shit Corners make us all look bad and we just feel bad for
12:04
people out there that are getting wrecked and you know we
12:07
don't want to we don't want to kick a horse while it's down but
12:09
obviously the metrics are showing that people are waking
12:11
up to what we've been trying to say for a long time is take your
12:14
Bitcoin off exchanges, exchanges are not wallet.
12:17
You need to own the private Keys.
12:19
You need to have the 12 to 24 words, or else it's not your
12:23
Bitcoin. So at least we are seeing the
12:25
numbers follow which is, which is a silver lining.
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But I just hope that we do. Not forget these lessons going
12:31
into the future and that this this actually makes a point.
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Where people remember these hard lessons man like oh man, I
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really just hope that that we don't forget this going going
12:43
into the next cycle and a year or two and we have another
12:46
explosion that We're, we're talking about the same exact
12:49
thing, but hey, this is just Bitcoin bear Market things.
12:52
This is just Bitcoin bear Market things.
12:54
That being said, let's let's find out what's going on with
12:59
the SBF Saga. Hopefully, I don't want to talk
13:01
about this anymore, but you guys have to hear this because it
13:04
just it just gets even more ridiculous.
13:09
The Daily News brought to you by B box to bitcoin, only
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additional Hardware wallet by shift crypto crypto like
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cryptography. It's secure, it's open source
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and it's so easy, your mom can set it up.
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Self custody is the revolution in the bit box.
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Makes it simple, do not leave your Bitcoin on an exchange
13:28
order a bit box today. All right, guys, check this out.
13:33
This article from November 17 2022, the New York Post.
13:36
So it is a reputable Source, okay?
13:39
Sandbank been freed was ordered by Bahamian.
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Government to hack FTX after bankruptcy, FTX tells Court.
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This is one of those cases where reality is Stranger Than
13:53
Fiction. I'm going to read it again.
13:56
Sam Bank been freed was ordered by Bahamian.
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Government to hack FTX after bankruptcy, what the fuck.
14:06
Okay, FTX new boss accuse disgracey.
14:09
Oh same banquet freed of hacking into the company while in
14:12
custody of the Bahamian, government to obtain digital
14:15
assets, belonging to F DX after I had filed for bankruptcy,
14:19
according to Bob, Michelle lawsuit filed Thursday, John Jay
14:22
Ray and insolvency expert, who steered energy firm Enron, okay?
14:27
When the guy who's responsible with dealing with the whole
14:31
Enron debacle is saying this may be perhaps we should pay
14:34
attention though. It's Infamous 23 billion dollar.
14:37
Bankruptcy falling in massive accounting Scandal allege the
14:40
unauthorized access transferred, FTX act assets into accounts
14:45
outside the control of management.
14:47
According to the Wall Street Journal, the Bahamian
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government, Responsible for directing unauthorized access
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the debitor systems for the purpose of obtaining digital
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assets of the debit errs. FTX lawyers said, in the filing
14:58
in the district of Delaware. Bankruptcy Court, Thursday, the
15:02
filing also alleged, mr. Beckman freed FTX co-founder
15:06
Gary Wang stated in record and verified text that Bahamian
15:09
Regulators instructed that certain post-petition transfers
15:13
of debit or assets be made by mr.
15:15
Langan and mr. Bank manfried and that such
15:18
assets were custody. Don fire blocks under control of
15:21
been of the Bahamian government, last Thursday, the SCC know that
15:25
Securities Commission of the Bahamas said, on November 12th,
15:28
it took action to transfer all digital assets of the FTX
15:31
digital markets to a digital wallet owned by the commission.
15:34
Reuters reported quote urgent interim.
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Regulatory action was necessary to protect the interests of
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clients and creditors of the fdm.
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The commission said in a statement Bank been freed
15:44
resigned as CEO and FTX filed for bankruptcy on November 11th
15:48
after his crypto Empire. That more than 30 billion
15:51
dollars imploded the 30 year old, who has been holed up in
15:54
his 40 million dollar. Penthouse in the tax friendly
15:57
Haven of the Bahamas, since his downfall could not be reached,
16:01
of course not on Wednesday. Liquidators for fdm Aspen had in
16:04
court to recognize its bankruptcy in the Bahamas.
16:07
Saying they reject the validity of the cryptocurrencies
16:10
exchange. U.s. bankruptcy proceedings.
16:13
Looks like the Bahamas wants to keep those bags, FDX.
16:18
I'm sorry, I'm laughing. And this is just so ridiculous.
16:21
I feel bad for anyone who's involved, but guys, we
16:24
bitcoiners have been telling you not your keys, not your Bitcoin.
16:27
If you're trusting a third party happened with Mount cocks,
16:31
people still have not received, they've still not been made
16:35
whole from that hack and that bankruptcy has been going on for
16:38
years now in Japan. Right?
16:41
So it looks like this is going to follow the same suit.
16:43
It looks like it's just another bankruptcy proceeding in the
16:46
Bahamas. Now, what's interesting is the
16:47
Bahamian government fighting the US.
16:49
Remit about deciding who gets to keep all these funds and it
16:53
looks like Bahamas. Really.
16:54
They really stepped ahead. They're like no Sam.
16:57
You gotta send this to us bro. This is this is very fascinating
17:00
stuff. FDX counter Thursday by
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requesting that any dispute over the company's bankruptcy.
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Be handled inside Delaware courts, where the company
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voluntarily filed for chapter 11 last week instead of New York.
17:12
According to the journal in the studying filing re also ripped
17:16
the firm's corporate governments under Bank been freed as the
17:19
worst he's ever. Racine.
17:20
That's right. The person who was in charge
17:22
with Enron literally says that the FTX blow up is the worst
17:27
he's ever seen to quote him. He says never in my career have
17:30
I seen such a complete failure of corporate controls and such a
17:35
complete absence of trustworthy financial information as
17:39
occurred here, from come from compromised systems integrity
17:44
and faulty regulatory oversight abroad to the concentration of
17:47
control in the hands of a very small.
17:49
Group of inexperience, unsophisticated and potentially
17:52
compromised individuals. This situation is unprecedented.
17:57
That is the dude that do then run and that's what he's saying.
18:01
Oh my god. Oh dude, oh man, oh man, all of
18:07
this could have been avoided if you just stayed humble Stacks
18:09
that set your Bitcoin to Cold Storage raised filing detailed
18:13
several lapses that contributed to the downfall.
18:15
And Almeida entity has lent 2.3 billion to an FTX entity.
18:19
While Bank been freed and FTX co-founders and top Executives
18:23
and the she'd sing and reince. LM have collectively borrowed
18:26
1.6 billion from Almeida. According to the filing more
18:30
such related party transactions are listed in the filing though.
18:34
Details are not offered. Okay, so check this out.
18:38
They took one point six billion dollars, Of people's funds.
18:45
This is disgusting Bank, Friedman.
18:47
Sing and Salam, did not respond to requests for comments on
18:49
Thursday. No shit.
18:50
FTX funds were also used to buy homes and other personal items
18:54
for employees and advisors re-wrote.
18:57
Some of these money transfers were not documented.
19:00
As company loans, while the homes were registered under the
19:02
names of the employees proper checks and balances were absent.
19:06
According to the filing employee.
19:08
Submitted payment request through an online chat platform
19:12
and supervisors, approve them with personalized emoji.
19:15
Is the file in State Bank been freed, often communicated
19:19
through applications that were set to Auto delete after a short
19:22
period of time and encourage employees to do the same.
19:24
Most of the financial statements Rave reviewed were not audited.
19:27
He said he harbored substantial concerns for statements.
19:30
He found that were audited because they relied on Prager
19:33
Meritus and accounting firm operating in the virtual world
19:36
in metaverse platform decentraland.
19:40
This is real. I'm not lying.
19:41
This is from the New York Post. He is Stranger Than Fiction but
19:46
hold on, it gets worse, bear with me.
19:49
Ray also wrote that bank been freed had made a radicand
19:52
misleading payments in public statements.
19:54
Citing an exchange with a reporter on Twitter.
19:56
Venkman. Freed was defined in the wild
19:58
interview, with Vox, on Tuesday, telling a reporter that filing
20:02
for bankruptcy. Was his biggest single fuck up
20:04
and stating fuck Regulators re-declare last week that FTX
20:09
was cooperating, with both law enforcement and Regulatory
20:11
officials and making an effort to recover assets.
20:14
Bank me, Reed was part of a closely.
20:16
Knit group of 10 roommates? Who led FTX Almeida from a
20:19
print, Penthouse in the Bahamas? The roommates were said to be
20:23
romantically linked sparking sparking online, gossip that
20:26
they were all members of a poly q.
20:29
A network of polygamous relationship polymers.
20:33
For let's see what is going on. Oh man fucking shit coins dude.
20:40
Holy shit. Okay.
20:42
The bankruptcy marked I'm sorry I'm laughing guys.
20:45
This is just you don't get to read this every day.
20:47
Okay this is just, this is insane.
20:49
The bankruptcy marked a stunning fall 4f DX, which was valued at
20:53
thirty two billion dollars. As recently as last January and
20:57
for Bank been freed who had tried to portray himself as the
21:01
face of a burgeoning cryptocurrency movement, Venkman
21:03
freed and his associates faced mounting legal, and You Latorre
21:07
pressures falling relevation that FTX shifted secretly
21:10
shifted 10 billion dollars in client funds to prop up all made
21:13
up. At least 1 billion of those
21:15
funds is still missing. Dude, it is so bad.
21:19
All right, some of the best parts are always the comments.
21:23
This is Nancy. Savage, commenting on the New
21:25
York Post. She says, this guy's worse than
21:27
Bernie Madoff since it affects all types of investments in
21:31
transfers of electronic funds. Not to mention.
21:33
He additionally compromise people's bank accounts and
21:36
identity. He fooled his employees into
21:38
keeping their salaries in the exchange.
21:40
It's akin to a bank pulling. The plug directly accessing your
21:43
money, which is the worst thing imaginable.
21:47
Oh man. And then there's just some
21:49
political comments. I, I want to really go over the
21:52
Vox interview because it's just ridiculous.
21:56
It's titled sandbank pain-free tries to explain itself.
21:59
Shout out to Vox because they did it and they did the
22:01
interview over Twitter. DM, I don't have time to go over
22:04
all of it, but it is pretty entertaining.
22:07
So the reporter asks, you said a lot of stuff about how you
22:10
wanted to make regulations just good ones.
22:12
Was that pretty much just PR to says there's?
22:15
There's no one really out there. Making good making sure good,
22:19
things happen in bad things. Don't keep in mind SPF and we
22:23
played that video with Erik Voorhees was advocating for kyc
22:28
Bitcoin trap kyc Bit, Coin and crypto transactions.
22:31
And when Erik Voorhees cornered him and said, so would you want
22:34
that for email? He didn't have a good.
22:36
Answer to that now we know because he's trying to get in
22:40
bed with Regulators so that they wouldn't get in trouble.
22:43
He's trying to build a regulatory mode but this guy was
22:45
the biggest fraud of the mall. Usually there's only one toggle
22:49
do more or do less just. Yeah just PR.
22:53
That's right it was just PR. He says quote fuck Regulators.
22:58
They make everything worse. They don't protect customers at
23:00
all and you do you bro does the reporter says does seem like
23:05
some kind of customer. Consumer protection would be
23:07
good though. Like many written like maybe
23:09
Regulators can't deliver, but sure does look like customers
23:13
lose their shirts. A bunch agreed on both.
23:15
It would be good, but regulars, can't do it.
23:18
And you couldn't do it and see. Ccz, sure isn't doing it, so who
23:23
they can't actually distinguish between good and bad.
23:25
Just do more businesses. First, do Less business and put
23:29
up more moats. Verse put up fewer modes, no one
23:31
will, but do you want to know the truth?
23:34
No one's doing it in the rest of Finance.
23:37
Ooh, or for that matter. Other areas that are regulated.
23:40
The FDA is in helping the giant crack down on big Tech has no
23:44
point or goal or philosophy behind it.
23:46
Office of foreign assets control is slowly undermining us
23:49
interest globally and is the single biggest threat to the
23:52
u.s. being a superpower ESG has been perverted beyond
23:55
recognition, dude. This is this is we have the link
23:59
we always put our sources down below.
24:01
But Abdi are you as entertained as I am bro?
24:04
Like what? Giant sex parties in this
24:08
Penthouse Guy steals, everybody's money billions
24:11
deduct, billions of dollars missing doesn't interview via
24:14
Twitter. DM just like bro.
24:16
Like oh my god, dude. Oh my God, I just can't wait for
24:21
the Netflix special. This is going to be a little
24:23
Netflix special. It's gonna be so dope.
24:26
What do you think is gonna play? Who do you think is going to
24:27
play? Sam Jonah Hill.
24:33
You think yellow will make an appearance, maybe he should, he
24:39
definitely should. But back pain.
24:43
Hot oil to that feeling. Where is your?
24:46
I don't know. No idea, yellow, peace, treaty
24:49
peace, treaty. I know we left you in the car
24:51
yesterday but you survived anyways, back to the, the signal
24:56
here. The fact that the new CEO FTX is
25:00
the old CEO for Enron or whatever the dude doing damage
25:04
control now. And he says, this is the most.
25:08
What's the worst he's ever seen? Like, that's absolutely amazing.
25:12
I That's kind of a further Testament to the idea that we've
25:15
been telling you guys that the lesson that people are learning
25:18
with this FTX debacle will not be forgotten, especially when
25:22
they're going to do a really awesome Netflix special soon
25:25
about this, but what was the the Bahamian government asking SPF
25:30
to hack FTX and my opinion, putting my tinfoil hat on, they
25:36
just pretty much asked him to access the back door that we all
25:39
know he programmed in there. So, you know, it is what it is.
25:43
He wasn't too hard. Probably didn't a few minutes,
25:46
but man, like I said in the beginning, and I think I've said
25:50
this all week, the, the further we are away from the collapse
25:53
in, the more information, we get coming out of this FTX stuff,
25:56
that's SBF Saga, it's just it gets crazier and crazier.
26:00
Like it's absolutely insane. The degeneracy that, that they
26:05
were able to maintain for two to three years and, you know, using
26:09
customers fund to ball out. It just it's just right down
26:12
there. Shit, coin path.
26:14
Like we've seen this before by other shit Corners, the only
26:17
difference here is that they got exposed and their card got
26:20
pulled. So you know I mean and and also
26:24
did it say find an accountant in the virtual shit coin Landing
26:29
soon like what dude you can't make this stuff up it's it is
26:37
insane. Absolutely insane and then I
26:39
mean that that whole like Latorre clip that he said, we
26:45
say it all the time. You know, the regulatory mode
26:48
that the financial Legacy system has built around itself to
26:52
insulate itself from competition.
26:55
I think it's not only being exposed but the fact that SBF
26:59
knows publicly that this was all PR.
27:03
It just shows you what kind of character this guy has.
27:06
And I saw this morning on real leaders, they said that they
27:09
spent like two billion dollars on Ali acquiring Acquisitions
27:15
for regulatory purpose so they were just buying companies so
27:18
that it looked like they were the most regulated exchange.
27:20
And again to me this is just like proof of stake.
27:24
You know, Legacy system type type action door.
27:27
It's like you have enough money. Let me just Co-op.
27:29
These people buy them out and just try to kick the can down
27:32
the road further so that we don't get caught doing our
27:36
stuff. But man, this this is just it's
27:38
such a crazy Saga this SPF stuff, he too.
27:44
I don't know. You just call him straight this
27:46
thing but it's just fucking crazy.
27:48
It is crazy. There is no response.
27:50
Like the response is dude like dude.
27:52
Like this is, this is nuts. Like, Prague exactly the
27:55
response for you right here. Yeah, exactly.
27:58
Because this is just so ridiculous.
28:00
This is just beyond like, bro. It's beyond comprehension, man.
28:05
Like, I don't understand it. Oh man, oh man, oh man, oh man.
28:09
All right, all right, all right. It's time for the culture.
28:12
Let's do it. Let's hit it, I'm excited.
28:17
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the way, so we have. Yeah, dude, don't talk some like
28:48
that. No, he says, he's a busy doing
28:51
some feeling back next week. But anyways, it's fitting
28:57
because I, I covered this this morning and this is what I
29:00
wanted to cover today. Anyways, and then he told me
29:03
he's like, yo, am I still coming on the show anyway.
29:05
Anyway, long story short, we're covering this article by Jameson
29:09
La B on the casa blog. And it's We've been telling you
29:12
guys for a long time on the show, it's about taking your
29:16
Bitcoin in the South custody, but he laid it out.
29:19
He laid the game out very clearly.
29:20
And after we're watching this whole FTX SPF debacle, I think
29:25
it's very fitting that we cover it on today's show.
29:27
So for those not on YouTube, not watching the show and listening
29:31
to the audio. This article is titled securing
29:34
Bitcoin, scarcity and fighting fake Bitcoin.
29:36
So Bitcoin provides strong assurances around the
29:39
predictability and scarcity of its money supply.
29:41
Why and scarcity is one of Bitcoins Key properties.
29:44
And fundamental value drivers. If this property is violated, we
29:49
have a big problem, do we have a problem and there's a tweet by
29:53
Jamie slob and goes Bitcoin, will not be a great store of
29:56
value. If most people are buying fake
29:58
Bitcoin. So apparently it caused a lot of
30:01
confusion in, this is why this article came out.
30:03
So let me just read some of this stuff so that we can give you
30:06
guys the pure signal. What is actually going on in the
30:09
market. So Bitcoin is often touted as a
30:11
Or a value. But how is that be a crude?
30:14
It's no different than any other asset in order for the price /
30:17
exchange rate to increase value must flow from other assets,
30:20
into this new asset value flows as a result of demand and the
30:24
exchange rate, adjust as a result of the available Supply
30:27
by available Supply. I mean, the amount that is
30:30
actually purchasable on the market, not the amount, the
30:33
total amount in existence and this is how the Invisible Hand
30:36
of the market acts upon the available information, to affect
30:39
the discovery of an assets price.
30:41
You guys should know. This, you guys are very aware of
30:43
this, but the problem is that there are many forms of fake
30:47
Bitcoin. And when someone who wants to
30:49
buy a real Bitcoin ends up buying fake Bitcoin, that value
30:52
is not a crude and stored by the true Bitcoin system and this
30:55
process corrupts price Discovery so what are fake Bitcoin and
31:00
what does he mean by this? Well first of course you know
31:03
the basic one Bitcoin knockoffs and again another tweet Jameson,
31:06
Locke goes 80 plus crypto assets, have the word Bitcoin in
31:09
their name. 14, have a market cap over. 1 million three claim
31:13
to be Bitcoin and only one is actually Bitcoin.
31:17
So there have long been arguments by Bitcoin detractors,
31:20
that BTC is not scarce because there is near zero cost for
31:23
anyone to launch eliminates. Number of similar tokens, this
31:27
argument has a grain of truth but only to the extent that
31:30
other tokens are seen as being the same in the eyes of Market.
31:33
Participants clearly Fort Collins are incompatible,
31:36
protocols that are rejected by anyone running a Bitcoin node.
31:39
And this is why we tell you guys running out.
31:41
And verify your transaction from the Genesis block, so that you
31:45
do not get bamboozled with fake coin.
31:48
Anyway, injure appears to have passed, it becoming very obvious
31:52
in the market that there is one Bitcoin.
31:54
It is BTC by its ticker but what if I told you that Bitcoin is
31:57
very populated and far more deceptive and subversive ways
32:01
and now this whole collapse enter Paper Bitcoin the most
32:05
straightforward form of which is the simple.
32:07
I owe you this technique fractional.
32:10
Reserve banking has been employed by Solutions for
32:12
hundreds of years, this is literally why we Bitcoin
32:15
anyways, Bitcoin iou's. The unfortunate current crypto
32:19
reality is that the vast majority of users are being
32:21
aborted through centralized exchanges, they send Fiat to The
32:24
Exchange through a bank that uses traditional payment rails
32:27
and then place an order to buy beauty.
32:29
See, but what happens when that order is executed by the
32:32
exchanges trading engine, an entry in a private database is
32:35
updated, that's creating the exchange user with an IOU.
32:38
Corresponding to the amount of BTC.
32:40
They purchase and The i.o.u. has none of the properties of
32:44
Bitcoin. It's merely a financial
32:46
instrument. That gives the i.o.u. owner
32:48
exposure to the BTC price. And you can even the proof of
32:52
reserves, doesn't really mean anything as we've been counting
32:55
on it all week, so are you starting to see the problem
32:58
since you can't verify a company's balance sheet?
33:00
You can't be sure that your IOU is redeemable for the acid it
33:04
rent and this isn't a problem until it is, as we see, with
33:09
exchanges blowing up and history is Rife with This Tropic
33:12
Revelations, that exchanges were operating with fractional, and
33:15
here's some of the highlights and I'm not going to cover them
33:18
all. Just the big ones, we've mt.gox
33:20
with 650,000 Bitcoin loss. We have bitfenix with 120,000
33:25
Bitcoin loss. We have Celsius with 105,000
33:28
Bitcoin laws. And now recently we have block 5
33:31
with something around 30,000 Bitcoin launched Voyager with
33:34
10,000 Bitcoin loss and FTX with 70,000 Bitcoin loss.
33:38
And if you add this whole list up and I have the receipt in the
33:41
YouTube, So you guys can read it later and do the math for
33:44
yourself. Don't trust verify that's over.
33:46
1 million be TC and this is just some of the large losses and out
33:50
of the current total supply of 19 million beat bitcoind at 5%
33:55
which is non-trivial. And this is just what we know of
33:58
and who knows how many other unknown on backed.
34:00
I use are floating around out there, so if you're a fan of
34:05
Bitcoin, Then you probably aren't a fan of fractional,
34:09
Reserve banking. This is why we do.
34:11
So the point being why there's no Central Authority.
34:14
That can manipulate the supply of real Bitcoin, these
34:16
independent Bitcoin Banks can absolutely manipulate the amount
34:20
of Bitcoin iou's that are for sale on the market, even more
34:23
unscrupulous forms of market manipulations and some
34:26
techniques have been performed in Commodities markets for
34:29
decades. Other techniques were even in
34:31
played in the credit derivatives Market which was the great
34:34
financial crisis of 2008. And what he's talking about is
34:38
derivatives, Futures and options contracts.
34:40
So the history of the precious metals markets and their
34:42
manipulation by Wall Street trading firms is fascinating and
34:45
gold. Bugs will tell you all about it.
34:47
I'm not going to get into the whole story.
34:49
This is why you got to read it. But the main point is spoofing
34:53
or placing and then King orders before they were executed and
34:57
does creating artificial demand or Supply, and dust Falls
35:00
prices, and this interferes with the Brie of the physical asset
35:04
and yet the most egregious Of manipulation is Right In Plain
35:08
Sight and this is the very structure of contemporary
35:11
commodity markets where prices are established by trading, vast
35:14
quantities of fractionally back credits.
35:16
Be it in the form of an unallocated positions that are
35:19
gold or silver in name only or in the form of Futures that
35:23
don't have any connection with the CME approved precious metals
35:26
Valves and warehouses. So Futures and options.
35:28
Contracts are generally used as components of sophisticated
35:31
hedging strategies and most contracts do not result in the
35:35
physical delivery because the She's trading them don't want to
35:38
deal with the hassle, they only care about the financial
35:41
exposure and since delivery of the acids extremely rare, the
35:44
paper markets price is subject to heavy and frequent
35:47
manipulation. And thus, by siphoning off
35:51
demand for the real physical assets and channeling it into on
35:54
backdoor fractionally Bank credits and Futures the central
35:57
Bankers the Bitcoin exchanges. And their counterparts have done
36:01
an amazing job in creating an entire Market structure of
36:04
future trading. That is unconnected to Actual
36:07
physical assets. This siphons demand away from
36:10
the physical assets and create a system of price discovery that
36:13
has nothing to do with the supply and demand for the
36:16
physical asset. So, are we seeing this in the
36:18
Bitcoin Market? Well, Log shows us that at any
36:21
given time, there's about 10 billion dollars in, Futures
36:23
being traded across crypto exchanges and CME.
36:27
Bitcoin, Futures has about 1.5 billion in cash, settled
36:30
contracts with future. So, we are definitely seeing
36:34
this and it may not be a concern, you But it looks like
36:37
these paper contract markets are still less than 10 percent the
36:40
size of the Bitcoin market cap. And it seems the level of
36:43
manipulation we've seen in previous Metals markets has yet
36:46
to occur in Bitcoin, but it's worth keeping an eye on because
36:48
the potential is there. So, this is why I had to cover
36:53
this today guys. I know I had to read it, we had
36:57
to cover. We had to cover the sauce here
37:00
because the the main point here is the solution is take your
37:05
Bitcoin into self. Of custody.
37:07
So while we can't stop exchanges from issuing.
37:10
I'll use, We Can't Stop Financial firms.
37:12
From offering complex paper, Bitcoin contract, we can limit
37:15
the magnitude of these activities by taking your
37:19
Bitcoin into self. Custody.
37:21
We tell you this consistently but hard money punishes those
37:25
who build Financial Services on foundations of fictional
37:29
research and we are seeing this play out in real time.
37:32
We've seen it play out in the past in real time.
37:35
So the point being Exchanges. It shouldn't reserves in order
37:38
to withstand panics and avoid collapse.
37:40
And by creating a culture that extols the virtues of self
37:43
custody, we minimize the balance is held by exchanges and thus
37:46
minimize the systemic risk, they pose to bisque Bitcoin scarcity,
37:50
the smaller the balance is held by exchanges.
37:52
The fewer iou's, they can even risk.
37:54
Issuing your keys one Bitcoin equals one Bitcoin, their keys,
37:59
one Bitcoin equals zero, Bitcoin.
38:01
It is not your Bitcoin when you give it away.
38:04
Oh my God. What about lending?
38:07
Don't support anything that rehypothecation your Bitcoin?
38:10
I wouldn't, I will honestly, I wouldn't recommend giving your
38:13
Bitcoin to anyone because it's quite clear from this crypto
38:16
credit crisis or 2022 that rehypothecation makes it very
38:20
easy to lose track of just how much risk you are doing to your
38:24
funds that are exposed. And this is easier done.
38:28
If you guys just take your Bitcoin into South custody,
38:30
Satoshi gave us the gift of sound money, and it's up to us
38:33
to ensure that those Those who offer services bill on top of it
38:36
are still playing by the rules guys.
38:38
This is why we tell you every single day.
38:41
Not your keys not your Bitcoin. Take Bitcoin into self custody
38:44
verify your Bitcoin by your nodes and stop.
38:47
Outsourcing your trust. This is the fundamental
38:51
Revolution, guys. Remember, I think I referenced
38:54
the white paper all the time because it's in the abstract
38:57
it's in the first introduction. The Legacy system is built on
39:01
trust that has been abused and we are taking that back by
39:05
verifying our big horn, by taking Bitcoin in the South
39:07
custody. And this is the revolution guys.
39:10
This is how you stop all this madness.
39:14
You just take your Bitcoin into self custody.
39:16
It's a very simple solution. I know people tried to
39:19
complicate things, we overwhelmingly Complicate things
39:21
because we're human. But literally you just need to
39:24
write down 12 to 24 words to a wallet that you control.
39:29
And verify your transactions for yourself.
39:31
Stop trusting, people take back your money and you can take back
39:35
your life. Anyways.
39:37
Nico we covered, we had to cover the sauce because I mean I'm
39:43
almost glad that I'm just didn't come today because today's show
39:46
is like a fitting example of what we were talking about.
39:49
We explained it in the numbers. We are seeing the The Exodus
39:54
from exchanges Bitcoins leaving exchanges and you know the the
39:57
meme of the great Exodus. We we covered the debacle and
40:02
the degeneracy of the FTX collapse and how crazy it's
40:05
becoming, and the fact that it's awfully Ghazi and now, you know,
40:09
the exact solution and the fixed to all this which is we tell you
40:13
guys all the time, but we bring the receipts.
40:15
It's just put Bitcoin in the cold storage into a wallet that
40:18
you control. Take Bitcoin into self, custody
40:21
explain to people the tools that they need to do.
40:24
Explain to the people. How important 12 to 24 words is
40:28
and we can we can Hopefully minimize this the next time this
40:32
comes around but hey we shall see you in a few years of people
40:35
forget this lesson or not. Dude I mean look I think lob
40:39
said it perfectly that was a great find, there's a great
40:41
article by lop, lop is Chief technology officer at a casa.
40:47
They make multisig easy. Oh he definitely knows what he's
40:50
talking about and it's just this idea that we've been just trying
40:54
to like Hammer into your guys's head right now, your keys, not
40:58
your Bitcoin, learn to take self.
40:59
Custody in fact, not your if you're not running your own
41:03
node, you're trusting. Someone else is known.
41:06
Minimize that trust man? Minimize that truck?
41:08
I fundamentally believe the world would be a much better
41:11
place. If just people held their own
41:14
Keys, like, if people held their own money and they stopped
41:17
Outsourcing that to Demons. Because that's, that's where I
41:20
believe we are today, is that many people have outsourced that
41:24
responsibility, the people that don't don't deserve that type of
41:28
responsibility. Like, look at the Lebanon.
41:30
Right? Look at the example, with the
41:32
Lebanese Banks. Better said, look at the example
41:34
to FTX and look, you kind of have to understand human nature,
41:39
right? Human nature is you see this
41:43
pile of cash even though it's not yours, but you have access
41:46
to it, you know, it's very tempting to use that, right?
41:50
So and it and and I believe it's a structural issue, right?
41:56
If you take away their ability to Use that money in the first
42:01
place. Then it's your then they're not
42:02
looking at a big pile of cash, right?
42:05
And then you know the the the Vox reporter and S&S in SPF in
42:09
the chat set it, right? It's like look if you want this
42:13
government regulation to step in you want big daddy government to
42:16
fix it. That means more bureaucracy,
42:18
more bureaucracy, less freedom for you, right?
42:21
So it all kind of circles back to stop trusting other people
42:26
with your money.. That's it.
42:28
Like that's, that's Works, right?
42:31
And now that we have Bitcoin that, you know, facilitates that
42:34
makes that easy, you know, gives us the capability to do just
42:38
that there's literally absolutely no excuse as to why
42:42
you would continue to trust a third party with your money,
42:45
right. Learn how to take self custody
42:47
and, you know, help your family members, help your parents, bro.
42:50
If they're not technology that, you know, if they're not, if
42:54
they don't have the technical know-how, be that Uncle Jim set
42:57
them up on self custody. You know, set them up on a wall
43:01
at that they could see. And, you know, when they want to
43:03
interact with them, be that family member that's there, you
43:06
know, be that 1-800 number rather than them 1-800 of bank,
43:11
right? Like BB that support line be
43:14
there. This is how you push the
43:15
revolution. Obviously, clearly you want
43:17
people to learn how to do it but you know, some people are just,
43:20
you know, they they just they're not technologically inclined,
43:24
they just don't want to put in the work.
43:26
But you know, that's, that's an individual question.
43:28
Are you really going to allow your Remember to get scammed by
43:31
SBF because you didn't want to take it upon yourself.
43:34
You know. That's, that's also a question
43:36
that you have to ask. Man.
43:38
It also makes me really bullish about feta mints man, because
43:40
vêtements is from Odell's explanation when he came on the
43:44
show it's like the protonmail self custody, right?
43:47
Like you like, you know the complexity is all behind the
43:52
hood. Like Feta means from my
43:54
understanding, if you lose your password you can get it
43:57
recovered, right? So like you know, If you lose
44:00
your access to your Bitcoin, you can get the people to to help
44:04
you recover, but at the end of the day, you know, it's still
44:07
not as good as self custody the best.
44:10
The best situation here is you having complete control over
44:14
your private Keys. No one else has access to them.
44:17
That's the ideal situation you know.
44:19
Unfortunately some people are just they're just not inclined
44:23
to do that but that's where family members come in.
44:26
That's where very trusted trusted acquaintances come in.
44:29
I think Feldman's potentially might solve this problem as well
44:33
but anything is better than leaving your corn on exchanges
44:38
and empowering them with your corn, right?
44:40
You Empower them because they're holding all of that wealth and
44:44
you're trusting them not to speculate with it, not to, you
44:47
know, cut any corners and why do you have to why you putting
44:51
trust in someone, when note, when that trust is no longer
44:54
required. But that requires you to learn
44:57
how to take self custody of your Corn.
45:00
But anyways, let me go before we get to the mean review, someone
45:03
commented on our space and maybe we should just tldr them.
45:08
They said, what do you mean by taking self custody?
45:11
You mean, cold wallet? So, yeah, so why don't you
45:14
Beauty on shout-out Opti? Why don't you show them?
45:17
Well, it's it's, it's very simple, guys, what we mean by
45:20
taking Bitcoin in the self custody, it just means that you
45:24
have a Bitcoin wallet, whether it's on a desktop like Bitcoin
45:28
core Sparrow. Here or a hardware wallet like
45:31
cold card seed, signer one of our sponsors bit box or just
45:35
take Bitcoin into a mobile wallet, like Pine Breeze Moon.
45:40
While it is Satoshi, blue wallet, Phoenix wallet, and if
45:44
you're more inclined, you know there's Zeus and zap and this is
45:47
all, we mean you basically just want to be the sole owner of the
45:52
12, to 24 words, that controls your Bitcoin.
45:55
And you do not want someone else to be able to move that Bitcoin
45:58
without your approval, which means take Bitcoin into self
46:02
custody. It really just means taking
46:04
Bitcoin off exchanges and putting them into a wallet that
46:07
you control. And I know I had this
46:10
conversation when I'm on the Conn will move on to the meeting
46:12
review and we talk about these meetings all the time but still
46:16
sometimes people don't understand exactly what we're
46:19
talking about. So thank you for the question.
46:20
I don't know if we're getting trolled but I really love the
46:22
fact that we could actually elaborate on it itself.
46:25
Custody really just means taking Bitcoin into a wallet that you
46:29
control. And I named some right that we
46:30
like there's other ones, but those are the ones that we like
46:33
to use. Those are the ones that we use
46:35
personally. Oh, Niko's up, huge fan of
46:37
electrum. So there's a bunch of good stuff
46:41
out there guys, but definitely lead people to these tools.
46:44
Anyways, let's move on. Hell yeah, it was beautiful and
46:47
beauti on seem to be happy with us.
46:49
Anyways, let's get to the memory.
46:50
Let's do it. The daily meme review brought to
46:56
you by Kaboom racks. I get this question all the
46:58
time. Nico.
46:59
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47:00
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47:04
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47:18
Kaboom racks. All right, guys, you already
47:23
know this is the main review. Tweets are the bullet to memes
47:25
are the artillery in this information.
47:28
Warrant, you guys are the Frontline soldiers continued to
47:31
spread that Bitcoin signal, continue to get the cause of
47:34
actions continue to push the true.
47:37
So that the normies out there, understand what's going on and
47:40
of course, Drop Your Meme review score in the chat once we're
47:43
done, so that we can review your score on the show.
47:46
Anyways, this first one, it's a play on the one that we did
47:50
yesterday. I really This this format shops
47:53
out corn DeLorean and he goes, withdraw, your Bitcoin from
47:56
exchanges, and we got a weathered, a broken NPC and he
48:00
goes, stop giving me your toughest battle and then we got
48:03
the Chad Jesus, because it's literally just 12 words.
48:06
My guy just, it's 12 words. It can be that much simpler.
48:11
If I can do it, you can do it. Anyways, again where, you know,
48:15
we're doing a little little Victory lap on Twitter, so you
48:18
love to see you. This is old Meme and this His
48:21
Spirit of NACA dying, he goes damn, does it feel good to be
48:24
Vindicated? And we got a Pepe Pope or Pepe
48:27
monk. I don't even know what you call
48:28
them because mean Bitcoin Maxis and we got the wreck shit
48:31
corners and he goes everything other than Bitcoin is a scam.
48:36
Guys. This is a this is a message that
48:38
apparently even Google Trends is learning for itself.
48:41
There's Bitcoin and their shit coin and then shouts out to our
48:45
Boyardee. Bitcoin are DBT.
48:47
See on Twitter and he goes if you don't withdraw from The
48:50
Exchange. May as well not bother to be
48:53
honest, Bitcoin. Not your keys, not your colon,
48:57
and we got, I don't know what cartoon this is, but he's got a
48:59
paper to goes paper, Bitcoin. Whoa, this is worthless guys, if
49:04
you do not self, custody your Bitcoin, if you do not take
49:07
Bitcoin into a wallet that you control, you might as well not
49:11
even on bitcoin. It's you actually don't own
49:13
Bitcoin in my opinion. Anyways, we did this,
49:16
essentially the same meme earlier in the week, but need
49:19
Creations didn't do. It a nice iteration on it.
49:22
And I think this is even further proof and, and further,
49:26
illustration of what we keep trying to tell you guys.
49:29
But a picture paints, a thousand words.
49:30
Anyways, you guys once you see it, there's no turning back
49:33
hashtag Bitcoin. And so, we got two circles and
49:36
the perception is that Bitcoin is just a small fraction of
49:39
crypto and then there's Fiat. But in reality, there is Bitcoin
49:44
and there's Fiat and crypto scams are just Fiat, Recreations
49:49
on my Block Chain. So My blockchain block change
49:52
that Bitcoin saving Bitcoin. And this one, this next meme.
49:58
Again, sometimes I like to take people screenshots and and make
50:02
basically force them as memes. This one is Pete Rozelle.
50:05
He does great job on Twitter and he goes bitcoin price.
50:09
At the time of this tweet was 25 cents and I know you guys are
50:12
hearing this right now. I know, I know this FTX stuff is
50:16
bringing these old old fud lines, back in the news, and we
50:20
got this Guy critical, check the date November 19. 2010 for one
50:26
Bitcoin, you too can be a part of a Ponzi scheme.
50:29
Ouch have fun, staying poor as we like to say, but I think it's
50:33
fitting to bring these kinds of memes back up because people are
50:37
saying the same thing and you can screenshot them now.
50:40
And in a few years, what? 10 years. 12 years we can all
50:44
have a good laugh about it. This next one is Bitcoin Maggie
50:48
D you on Twitter? And it goes dear bit.
50:51
When detractors technology advances, whether you like it or
50:54
not, we go from the can do to the light bulb from the horse to
50:57
the car from the newspaper, in print to the laptop and from
51:02
Fiat money to bitcoin. Hold on, we need to give him
51:05
some horns on that one. And again, this is another
51:08
Bitcoin mag. I know for you guys out there,
51:11
you might not like this, you may not agree that this is a meme,
51:15
but we got Big Horn magazine. They have a screenshot and it
51:17
says Drake hold his own Bitcoin keys, do you?
51:20
And there's A screenshot here, apparently of Drake's Instagram
51:25
with I'm in leather studded Ledger and it says, waiting on
51:28
you Bitcoin. And I brought this one on today
51:31
not only is about taking Bitcoin into self custody but also just
51:36
a testament to the idea that we've been saying for a while
51:39
Bitcoin hitting the mainstream. And and this is, you know, say
51:42
what you want about celebrity endorsements and all this stuff,
51:45
but you can see in real-time that Bitcoin is infiltrating
51:49
popular culture and its Only a matter of time until everyone
51:53
becomes a big corner. So continue to push the message.
51:55
Continue to meme continue to get those calls of action.
51:59
Continue to tell people that stay humble Stacks ads provide
52:03
the value and saving Bitcoin and take that Bitcoin into South
52:07
custody. So yeah, it's just beautiful to
52:09
see that. Hey, man, say what you want
52:10
about Drake, but yeah, he got bars and he's got a big audience
52:14
and he'll he's stacking Bitcoin on a hardware wallet, so you
52:18
should too. Anyways, I am Continuing to
52:21
double down on these Pacific Bitcoin, trading cards.
52:24
And today we have Bitcoin the having that one's kinda Liddy.
52:32
I'm going to give it a Also guys, this is simply Bitcoin
52:37
live. Put your score and I can do live
52:39
shot. You told them?
52:40
I talk. I'm going to give you this Wi-Fi
52:42
extender. Extend your Wi-Fi?
52:45
Yeah, I might need one of those. Yeah, Stan.
52:50
Wait, look at this. Look at this comment without to
52:55
opt he's gilf swinger lifestyle with an audience.
52:59
Breaking Drake docks by Ledger. Yes, that's hilarious.
53:04
Okay. So let's get to these mean.
53:06
Scores. Hold on, hold on.
53:08
First one, by Reeve elevator, I give those memes one stick of
53:12
butter for my corn. Very, very nice.
53:15
Next one by Igor, I give the memes a Jesus, a Jesuit head
53:19
caps with a desperate Rave elevator.
53:22
I give those winners you did that.
53:23
When you did that one, hold on. There's this one.
53:27
Shed boy says like my scores the machine men speech from Charlie
53:30
Chaplin film. Dictator who, dude?
53:34
That's a good one. That's one of the best.
53:35
That's one of the best scorers. I've heard in a long time.
53:39
The ajna says, my meme score is wrecked Bitcoin.
53:42
Tweet are the real and ft's that's that's funny.
53:51
God damn it. Yellow yellow.
53:56
Yellow, these gilf swinger lifestyle with an audience.
53:58
If you do, you know, score key for Hilton hotel hotel room 69,
54:04
bring your own mask. This is a family friendly.
54:09
Show weight should yellow read this mean?
54:13
Review score. Do your yellow voice.
54:17
Don't Stop Believing. Although to that very are
54:22
yellow. Give me back the camera, give me
54:24
back the camera. Yellow, give me back the camera.
54:26
Savage, Frank aren't I give these memes one backdoor
54:30
entrance to FTX and Caroline Bitcoin for Canadians.
54:38
I give the memes the yummy crumbs that got caught.
54:40
A Niko's beard the last time he had this is true, this is true.
54:46
Makes one yellow, yellow Gibbs, a car before.
54:48
How did you type Joe Gibbs. A Carver freshman fake tree
54:52
thing, it's true but they do smell delicious yellow.
54:55
I will give you those tacos soon.
54:57
Sorry bro, I left you in the car so long yesterday.
55:00
I give the memes. Let's just send Mina says, I
55:03
give the memes a lightning transaction, very good, very
55:06
good score, like that Guardian healer.
55:08
I give those memes, qr-code P, SB T, partially signed Bitcoin
55:13
transaction. If, you know, you know, and we
55:16
are at a time. Anyways guys, also, make sure to
55:18
join simply Bitcoins, awesome. Aw, Awesome telegram group, it's
55:22
completely free. You gotta go to www.ah.mil / to
55:25
Simply Bitcoin Channel. Also, check out the written
55:28
version of this show, simply Bitcoin, unfiltered to
55:31
subscribe. You got to go to
55:32
www.simpleandsensational.com free, shout-out to our awesome
55:36
writers, Zack, Paul rust and wine and kiss slaying it.
55:41
Anyways guys, there was an open source software release today.
55:43
Let's check it out. Bitcoin software release brought
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to you by Cipher safe, don't be that person that loses their
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Bitcoin seed. Due to fire damage water damage
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dog. Attacks back up your
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generational Bitcoin wealth on steel and there's no better
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place to do it than the cipher grid by Cipher safe and now
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check out their new Bitcoin art the Bitcoin Rue looks triangle
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only on Cipher safe dot IO. All right everybody, the
56:16
software wallet for today. Hold on, let me sorry.
56:20
Not software software update for today, Sparrow wallet.
56:22
This is one of the my favorite desktop wallets right now.
56:28
It's awesome. It literally makes things easy
56:32
since up multisig easy definitely recommend it
56:34
download, it's available for Mac PC, all that stuff.
56:38
So the new version just to release Sparrow wallet version,
56:40
1.7 point 1, includes wallet tab icon.
56:45
Sparrow terminal updates and more.
56:47
Let's get into some of the details while the tab icons.
56:49
Oh, that's cool. Broadcast premiss transactions,
56:52
from Sparrow, terminal, show, addresses, QR code, in terminal
56:55
change, QR code, display density.
56:58
Well, very cool. Nice little fixes.
57:00
And I like that. I like how they added a little
57:02
icons. That's a nice little feature.
57:04
I really, really enjoyed that. Shout out to the guys from
57:06
Sparrow for making an awesome wallet.
57:08
Also guys, check out our audio version of this show.
57:12
It's available on anchor, Spotify, apple and Facebook.
57:15
Fountain, thank you for everybody for streaming this.
57:17
At the, the SAT streaming us at Saint Fountain, really
57:21
appreciate the value. For Value podcasting, thing is
57:24
dope AF. We're going to read some of the
57:27
comments are going to get to it. Obviously, I think we should
57:29
start every Friday. We should read the fountain
57:33
comments of the week. We're going to get into the
57:35
habit of that, so what? Yeah, that'll work better
57:37
because we don't get them every single day, so that, yeah,
57:40
exactly. So it's a little bit hectic.
57:41
So, what, we'll get into the Habit, guys, because we do
57:43
appreciate all the support. Port.
57:45
Thank you so much will go through all the fountain
57:48
comments every Friday of this show, so make sure to tune in
57:53
and of course guys, check out our awesome clothing.
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Sponsor representing t.com opting.
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I are wearing the merch right now.
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I opted he's wearing the full simply Bitcoin merge and I'm
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that I need one of those and you can take advantage of the promo
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around so when they sold out when they sell out that's it
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they won't make any more of these so make sure to get your
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own simply Bitcoin. Merch guys, we love you all.
58:46
Thank you so much for tuning in to another episode.
58:48
Make sure to hit that like button and consider subscribing.
58:50
If you feel we provided you value.
58:52
And the number one thing you could do to help this channel,
58:55
in fact, help all Bitcoin content.
58:57
Get the signal out. There is share this video,
59:00
especially with your Normie friends.
59:01
Orange pills, I'm spread the peaceful Revolution, the shows
59:05
going to go on, I have to run, but opted, he's going to
59:07
continue to show. I have a meeting at 120 but
59:10
opted, he's going to continue the show.
59:12
On Twitter spaces with our friends over at Swan Bitcoin
59:16
best place to stack stats by bitcoiners for bitcoiners we
59:19
love you. All have an amazing weekend and
59:21
we will see you on Monday everybody for a brand new
59:23
episode of Simply Bitcoin.