Latest / Simply Bitcoin / ATTACK on Elon Musk Bank Account Confirms How They Might FREEZE YOUR SAVINGS Next! | Simply SatoSHE

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ATTACK on Elon Musk Bank Account Confirms How They Might FREEZE YOUR SAVINGS Next! | Simply SatoSHE · Simply Bitcoin

0:00
The EU attack on Elon Musk confirms their next step could
0:05
be to freeze your savings. Next, while people speculate
0:08
that the price of Bitcoin is getting attacked through trad
0:11
Phi's manipulation, something way more sinister may be
0:15
underway. This disturbing pattern of red
0:18
flags all point to dystopian levels of censorship, and while
0:22
some might allege that these are tinfoil hat conspiracies, we
0:27
might only be a few steps away from total dystopia.
0:31
Because remember, without freedom of speech, there is no
0:35
freedom to transact. Welcome back to Satoshi.
0:46
Today the Commission has issued a fine of €120 million to X for
0:52
breaching the Digital Services Act.
0:54
This is the first ever fine under the DSA.
0:58
X has indeed breached its transparency obligation under
1:01
the DSA. This includes XS blue check
1:05
mark, it deceives users, anyone can pay to obtain the verified
1:10
status, and X does not meaningfully verify who is
1:14
behind it. It also included includes X
1:18
advertising repository which does not work properly and X
1:23
doesn't provide effective data access for researchers.
1:28
Failure to comply with the non compliance decision may lead to
1:32
periodic penalty payments on top of today's.
1:35
Fine December 5th, 2025 The European Union fines Elon Musk's
1:40
XA 120 million euros, about $140 million, for breaching their
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Orwellian Digital Services Act. In other words, allowing too
1:51
much free speech. The EU says it's about
1:54
transparency and public protection, but come on, this is
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the same wannabe authoritarian regime that's been pushing for
2:01
back doors into your messages for years.
2:04
Elon fired back blasting the EU and tweeting on X.
2:08
How long before the EU is gone? Abolish the EU so based.
2:13
And this idea of abolishing the EU, abolishing the
2:17
centralization of governments is so reminiscent of Bitcoin, which
2:21
is completely based on decentralization.
2:23
This is a drum he's been banging for a while, actually, since he
2:26
called the EU headquarters a giant cathedral to bureaucracy
2:30
and. To be totally frank, EU
2:32
headquarters in Brussels is essentially a giant cathedral to
2:37
bureaucracy. A comment that was likely
2:39
sparked by European government's threat to find Elon on the down
2:43
low if he didn't comply with their censorship demands.
2:46
Looks like they finally made good on their threat there.
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Should be a lot of things done. We should be, in my view,
2:53
repealing something called section 2:30, which gave, you
2:57
know, platforms on the Internet to immunity because they were
3:00
thought to be just pass throughs, that they shouldn't be
3:03
judged for the content that is posted.
3:06
But we now know that that was an overly simple view that if the
3:10
platforms, whether it's Facebook or Twitter X or Instagram or
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TikTok, whatever they are, if they don't moderate and monitor
3:20
the content, we lose total control.
3:23
Back in the US here at home, just a day earlier, on December
3:28
4th, the Trump administration ordered the State Department
3:31
officials to deny H1B visas to fact checkers, content
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moderators, and anyone involved in combating disinformation.
3:40
Tech workers from abroad barred if they've ever flagged hate
3:43
speech or misinformation. Is this about protecting the
3:47
borders, purging dissent? Or is it about making sure
3:50
foreign entities don't interfere with free speech in the US civil
3:54
liberties? It's warned that the definitions
3:57
used can be vague and might risk political targeting under the
4:01
pretext of national security. Fighting this information always
4:05
means censorship. It ultimately leads to a thing
4:10
that I called Pyro of totalitarianism, because at the
4:13
beginning you have this great idea how to make a world a
4:16
better place. So you tell people what to say
4:19
and what to think, and they don't do it.
4:21
Then you have to start to be a little bit raffer.
4:26
So you start censoring those people who doesn't want to say
4:29
what do you want them to say, but they skip doing it.
4:32
Then you start to kicking them from jobs and and and somehow
4:37
cancel them for saying it, but they still keep doing it.
4:41
So there's no other way that putting them to jail or punish
4:45
them by the law somehow, but some people still doing it.
4:49
And then oops, all of a sudden you have a totality.
4:52
And it's ultimately followed by cultural and economical decline
4:56
in the end, and hopefully one day, after several decades, by a
5:01
revolt that will restart the system again.
5:03
So where does Bitcoin fit in the war against censorship?
5:06
The most obvious example that comes to mind recently is
5:10
Samurai Wallet and the arrests of their founders Keon Rodriguez
5:14
and William Hill. In April 2024 these legendary
5:17
devs were raided and jailed for building a non custodial Bitcoin
5:21
mixer, which is a tool that lets you anonymize transactions.
5:25
Now they've just been sentenced to years in prison for
5:28
conspiracy to operate an unlicensed money transmitting
5:32
business. But their real crime?
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Writing open source software that governments couldn't spy
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on. Not holding funds, not
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transmitting money, just writing code.
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I'll go back to when I find out I'm sitting in the jail at this
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time, at this point, and the public defender tells me what
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the charges are. Conspiracy to launder money and
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conspiracy to operate a money service business without a
5:52
license. I look at her and go, well, how
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can that be right? Like I've never taken anyone's
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money. How can I transmit money?
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If I never took any money and I launder and transmit, how is
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that possible? I thought you needed to actually
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take the money to do that. And she goes, well, they have
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tweets. I said, what do you mean they
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have tweets? What does that mean?
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She goes well, you apparently, you know, invited Russian
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oligarchs to use samurai wallet like I.
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Got you on tweets. They got you on tweets.
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Is what they got me. I mean the.
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Russia Russia Russia hoax. Continue.
6:22
Yeah. So they were excited about it,
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yeah. Tweets is the evidence OK?
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OK, I'm sorry, I have to ask. How did they get these tweets?
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Were they? Taken from your phone.
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That you willingly gave to them. No, no, no.
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These were public. These were made on Twitter so
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all they had they were following the Samurai wallet account.
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And look, let's OK, so we're talking about a country that
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supposedly has free speech. So you said some things on the
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Internet. Right.
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Yeah, which were obviously jokes.
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Publicly. On.
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The Internet. Which were obviously jokes,
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right, and in fact kind of go to our, you know, intent because if
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we were actually operating a criminal money laundering.
7:06
Right. It's a branding thing.
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It's a branding thing. Idiots.
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Like, I mean, sorry, but I just have to just just for a second,
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just sort of like be a little a little comical here.
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It's like, how idiotic do you have to be to believe that you
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can have a system where someone can come in and say, no, you're
7:24
in trouble because you said some shit here and I can see it.
7:28
And you're talking about a public social network that
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people use all the time for all kinds of stuff in a free speech
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country like. Yeah, it's called.
7:40
It's called a shit post right there you go.
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Where? It's called a shit post for
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anybody important. So here, here's the.
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Tweet and what these are. Here's the tweet, right?
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So there was some, I forgot what it was, some some draconian
7:53
government overreach in my view, that said, you know, these these
7:56
sanctions are going to go against Russian oligarchs and
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they're not going to be allowed to use the financial system,
8:01
something along those lines. And I retweeted that and said
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welcome new, the Russian oligarch Samurai Wallet users,
8:08
right? So this is the tweet that really
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got the US Attorney's office going, OK.
8:12
But if you search on Samurai Wallet's Twitter for Welcome
8:16
new, you'll find 15 different welcome new users, right?
8:21
Like so. One of which was when the
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Federal Reserve of the United States made it against policy
8:27
for their employees to trade Bitcoin.
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I quote tweeted that and said welcome new Federal Reserve
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samurai. Wall, it's clearly a branding
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thing. It's clearly a branded joke
8:36
comment that you used in these situations that identify the
8:40
problem in the world and how your product serves that need.
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It's very common in business to do this.
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You call out an issue, you say This is how my product fixes the
8:48
issue. Continue.
8:49
Right. So, so that was, you know, that
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was in that first indictment really they're big.
8:55
They're big. Gotcha, right.
8:57
And then they had, they had some screenshots from a investor deck
9:01
that I made in 2015 where I was trying to raise investment for
9:06
Samurai Wallet. And in one of the slides there
9:10
was the words Gray market and illicit activity, but they had
9:14
no context to what this slide was about, right?
9:18
The the slide actually was about talking about what the global
9:22
economy is and the global economy, sorry to break it to
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the US Eternal Attorney's Office.
9:28
The largest market in the world is the black market, which is.
9:31
Wharfs everything, which is what?
9:33
What runs that? What is the what is the
9:36
currency? Cash.
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Cash. Dollars, ladies and gentlemen.
9:40
Right. So, so they had no context to
9:41
this slide at all because it was just a slide and they got this
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slide from a subpoena. How ironic.
9:47
How ironic is that, that they're saying that they got you on a
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slide that's talking about their own money.
9:51
That was what your slide was referring to was their money,
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not your product. Correct, Correct.
9:56
So, you know, just just having that word there was a big deal
10:01
to them and and that was essentially it in that first
10:04
indictment. That was essentially it.
10:05
So, I mean, I looked at this and I laughed, right?
10:09
Because even even with that laughable evidence, just the
10:12
fact that they can claim that I transmitted money when they know
10:16
perfectly well that I never had the money.
10:20
Core of your product is that you don't have the money.
10:22
That is literally the product is that you have no custody over
10:25
anything and the the consumer keeps the custody.
10:29
Yeah. And I knew at that time, because
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we had lawyers who looked at this stuff, we knew what the
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regulator in charge of money transmission, Fin Cen, had to
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say about this. Since 2013 and 2019, they
10:45
repeated it. They said in order to be a money
10:47
transmitter, you have to have custody.
10:50
If you don't have custody, you can't be a money.
10:52
Transmitter pretty logical. Pretty logical advice and
10:55
guidance from A. Regulator.
10:56
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hashing. Calling self custody crypto
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anarchism oversimplifies bitcoins innovation to empower
13:27
the individual. Bitcoins not about rejecting the
13:31
government from the highest form possible.
13:35
Bitcoin is information. Bitcoin is text.
13:38
Bitcoin is about free speech. Bitcoin is about property
13:42
rights. Bitcoin is about the freedom to
13:44
manage your own money, your own property, your own time, your
13:49
own energy, your own labor effort, your own future.
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The point is that you get to decide for the first time ever
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in human history, especially in modern human history, whether
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you want to trust and rely on anyone to store your time and
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energy, your money, your effort, your labor.
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It's not it Isn't it drastic over oversimplification to call
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it crypto anarchism to elect and decide to take no counterparty
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risk to store, save and exchange your labor effort and in future.
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So that's for one. For two, I think the comments
14:31
around gold and the executive order, listen, if the gold
14:36
executive order was voluntary, it would have been it would have
14:42
been an executive suggestion. It wasn't voluntary.
14:46
It was an order. It was an order backed by
14:49
enforcement. I think it's a little dangerous
14:53
to claim that it's paranoia from the people that they're
15:00
concerned that given economic crisis, government will
15:04
overreach and extend its enforcement to protect its power
15:09
and monopolies. I think that people's concerns
15:12
there are grounded in history, and biasing people's perception
15:17
of history is. I also just disagree.
15:20
With that. Now let's connect the dots.
15:22
This is the creeping censorship state in action, A war against
15:27
the Freedom Stack, speech code, and money.
15:30
These are signals pointing to the strong possibility that the
15:33
people in charge are going to fight back when they realize
15:37
that as hard as they try, they cannot censor Bitcoin.
15:41
Let's start with speech. Knowing Elon Musk and his
15:44
character online, it is highly unlikely that he's going to pay
15:47
this fine or bend to their will. In fact, Secretary of State
15:51
Marco Rubio entered the chat and said the European Commission's
15:54
$140 million fine isn't just an attack on X, it's an attack on
15:59
all American tech platforms and the American people by foreign
16:03
governments. The days of censoring Americans
16:06
online are over. This has entirely escalated the
16:09
situation. Go for yourself.
16:11
It's pretty clear that the E US fine isn't really about blue
16:15
checks. It's about Musk refusing to bend
16:17
the knee to the powers that be who presume to define what is
16:21
hate speech and disinformation. This is regulation by
16:25
prosecution, skipping laws to scare innovators into
16:29
submission. What's next?
16:31
Any open source dev building privacy tech could be rated?
16:36
Is it a crime to insult somebody in public?
16:39
Yes, it. Is and it's a.
16:41
Crime to insult them online as well.
16:43
Yes. The fine could be even.
16:46
Hire if you insult someone in the Internet.
16:49
Why? Because in.
16:51
Internet. It stays there.
16:53
The bureaucrats and thought police must be freaking out
16:57
right now as citizens all over Europe are striking back by
17:01
downloading X as their primary news app and using Starlink to
17:05
do it. Talk about a 1-2 punch.
17:10
And money ties it all together. Why Bitcoin?
17:13
Because it's the ultimate opt out.
17:16
And I saw this with the digital yen.
17:17
So I wrote a lot about the digital yen, which is kind of
17:20
like the Chinese version of central bank digital currency,
17:22
probably the most advanced central bank digital currency in
17:26
the world right now. It's implemented in 29 cities.
17:29
And I was always like, this is such a negative thing.
17:32
Like, you're just giving the government directly the ability
17:35
to be able to control your money, to surveil your money.
17:39
You know, originally when Hal Finney talked about Bitcoin,
17:43
this is exactly the dystopia that he was hedging against.
17:45
And it's happening live. And the thing with that is that
17:48
other countries are watching what China's doing.
17:51
And even rivals to China, like India and other places, Nigeria,
17:55
they're thinking of implementing it.
17:56
And they're implementing it by force.
17:58
They're forcing people to implement CBDC's because they
18:01
know people don't actually want it.
18:02
And in China itself, for example, not that many people
18:04
are adopting the digital yen, but you have the Chinese state
18:07
media in Nigeria. You have like law enforcement in
18:11
in China, you have law enforcement that will arrest you
18:13
for training, you know, Bitcoin or Tether or anything else.
18:18
And so the state is right now at this moment where it's trying
18:22
every state in the world, I'm trying to say China just happens
18:25
to be the most aggressive and the easiest to point to.
18:27
But your country, the United States, Canada, all these
18:30
different places, they are trying to take advantage of
18:34
technology and try to create a system of control and political
18:39
power that entrenches political structure.
18:43
I mean, I can almost say forever or endlessly, right?
18:46
Because if you know how people spend, if you know how people
18:48
think, that's when you can control people perfectly.
18:53
Governments hate what they can't control.
18:56
Your transactions, your wallet, your value.
18:59
Samurai wasn't laundering, it was shielding users from
19:03
surveillance. And in a world of CDB, CS, and
19:07
tract Fiat, Bitcoin is the world's first open protocol for
19:11
value they can't capture. Events like the Global Bitcoin
19:15
Summit highlighted how activists use it to fight repression here
19:19
in the US. The recent visa bans target the
19:22
very people who enforce those rules, flipping the script but
19:26
still weaponizing borders against ideas.
19:29
Governments want a monopoly on the truth.
19:32
Dissent. It's labeled disinformation and
19:36
immediately shut down. If speech is the message, code
19:39
is the medium. The Samurai case proves it.
19:42
Arresting devs for privacy tools sets a chilling precedent.
19:46
Internal docs show prosecutors ignored Fincen's own guidance
19:50
that non custodial wallets aren't money transmitters.
19:53
Petitions for samurai pardons have over 3200 signatures.
19:58
Bitcoin conferences and meetups are rallying the troops.
20:02
Just like we did with Ross Ulbricht.
20:04
It's our duty as bitcoiners to opt out and support these devs.
20:10
Get a hardware wallet, learn coin, join basics legally of
20:14
course, and support devs fighting back.
20:17
Bitcoin is gaining so much traction right now that.
20:20
Even entrenched tradfy institutions are reading the
20:23
writing on the wall. Even one of the largest banks in
20:26
Europe, France's BCPE banks, surprisingly just launched an in
20:31
app Bitcoin buying and selling. You can't stop an idea whose
20:35
time has come. The authoritarian playbook.
20:37
Control the speech, criminalize the code, surveil the money.
20:41
It's a control stack. A digital Iron Curtain closing
20:45
in and in 2025, with bills like the Anti CBDC Act in play, the
20:50
battle lines are drawn. Clamping down on free speech
20:54
paves the way for their upcoming CBDC rollout.
20:58
A government. Issued CBC is nothing more than
21:00
Orwellian surveillance tool that will be used to erode the
21:05
American way. Of life.
21:06
A central bank digital currency may sound like innovation, but
21:09
under federal control, it becomes a powerful and dangerous
21:12
tool for surveillance. So before we wrap the show up,
21:15
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Now let's wrap up the show. And now our key role was to
22:11
defend peer-to-peer transactions of Bitcoin, self hosted wallets
22:15
and mixers and privacy instruments.
22:17
We explained to regulators that we cannot, even if we want to
22:21
use crypto asset services providers, for example exchanges
22:25
or banking financial systems, we exclude it.
22:28
It's not allowed at all in authoritarian non democratic
22:31
states in most of the countries in our world, it's
22:34
authoritarian. It means that entire population
22:37
of the globe financially exclude.
22:38
If only you raise your voice against dictators, you
22:42
immediately punished and you financially excluded.
22:46
And the only instrument what you can use, it's actually
22:48
peer-to-peer transactions, Bitcoin and self hosted wallets
22:52
and mixers you have to use also to protect your data, also your
22:56
donors and your recipients. And when I was asked, so OK,
23:01
how, how it's possible that you say that you use only Bitcoin,
23:06
why you use also mixers and why you use specifically self host
23:10
words. We explained in one very
23:12
dramatic case we had in, for example, in Uzbekistan back in
23:16
July 2022 when a group of human rights defenders and activists,
23:21
volunteers, they were fundraising.
23:23
They had the only access to financial regulated
23:25
institutions. It's exchanges, crypto
23:27
exchanges. So they did fundraising through
23:29
these exchanges. And unfortunately, on the third
23:32
day of the peaceful process in Caracal, Pakistan, these
23:35
exchanges share the data with those authorities of Uzbekistan,
23:38
which is one of the most actually dictatorials in the
23:41
world. And all these people
23:43
disappeared, were sentenced for many years, were tortured.
23:46
And this was was one of the most painful experience why we don't
23:50
have other? Tools.
23:51
Here's the deal. This war isn't won yet.
23:54
And Bitcoin real self custody Bitcoin is probably your only
23:58
way out of the monetary surveillance panopticon.
24:01
Why? It's uncensorable by design.
24:04
No central authority, no kill switch, hold your keys and no
24:09
government can seize your wealth without your consent.
24:12
Tools like non custodial wallets let you transact privately
24:17
peer-to-peer just like Satoshi envisioned.
24:20
And people around the world in hostile monetary jurisdictions
24:24
already use it to fund freedom. So why not you?
24:28
If they're coming for your freedom sack, maybe you should
24:31
build yours with Bitcoin before it's too late.
24:34
There seems to be a push back against things like coin mixers
24:39
because government officials are saying that they're used for
24:42
money laundering and illicit activities.
24:44
So what is that position of defense that you go out there
24:47
and and you simply say This is why we need to be able to have
24:51
these privacy tools. So first of all, as I mentioned,
24:54
we don't have other tools and we have to have rights to actually
24:58
protect our financial freedom. It's not something what we just
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wish, it's our necessity. It's our human rights.
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We need to have right for privacy and we defend it
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especially in the countries where no other financial and
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payment fundraising tools for entire human rights defenders,
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opposition leaders, journalists and activists and normally all
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democratic countries, they support it.
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They want us to support us. They ask us how we can reform
25:25
banking system and I have no answer for it, because how you
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can protect banking system from being abused if it's just a
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continuation of weapon, It's an arm in the, you know, in the
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hands of dictators. And they use it exactly against
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everyone who is opposing the government.
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So you need to have independent payment instrument fundraising
25:47
instruments, which allows you to protect, for example, from
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abuses like in Kazakhstan, where transactions of activists can be
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blocked 3 to 5 minutes. Kazakhstan is able to identify
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in Stripe network specific transactions of activists who
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are fundraising for families of political prisoners and block it
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in 5 minutes. Imagine the speed and capacity
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what they do, what we advise Financial Action Task Force and
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State Department and of senators of US actually to consider not
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to disclose instruments of intelligence of democracies, not
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to empower all the dictatorial countries to abuse financial
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instruments and surveillance instruments against civil
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society. They should not treat financial
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institutions of authoritarian States and financial
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institutions of democracies equally.
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This is what we right now see in Travel Rule of Financial Action
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Task Force and this is what we also advocate to change.
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Otherwise, we will be always in the weak position and all of our
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data will be abused by dictators.
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If this fired you up, smash the like button.
26:51
Share with your fellow clubs in common.
26:53
What is your escape plan? Bitcoin or bust?
26:57
I will see you guys in the next video and for now, remember to
27:01
stack. Slay and stay bullish, baby.