Latest / Simply Bitcoin / Michael Saylor CAUGHT in Washington DC, Involved in Bitcoin Bill? | EP 503

Transcript

Michael Saylor CAUGHT in Washington DC, Involved in Bitcoin Bill? | EP 503 · Simply Bitcoin

0:04
Welcome to Simply Bitcoin where we talk about the Bitcoin.
0:07
Use the fails the mean reviews, just in general Bitcoin culture
0:10
and world news really from the perspective of Bitcoin plebs.
0:15
Anyways, this is a special edition.
0:18
I'm on the Go Guys and traveling currently in Tennessee visiting
0:22
Bitcoin Park. I was going to visit Bitcoin
0:25
magazine today, I was actually going to record this episode
0:28
from Bitcoin magazine. But I had some stuff to take
0:32
care of in the morning. Anyways, filling in for Phil is
0:34
the legendary Optimist Fields. He has been doing the Sunday
0:38
shows which you guys see on Monday.
0:40
So he's going to be co-hosting with me today.
0:42
Phil gets back next week so we're going to we're going to
0:46
get back to the regular episodes tomorrow.
0:49
I'm actually going to be traveling so I'll let you guys
0:52
know whether we post an episode but the day after 100% Optimus
0:56
is going to do it with me. I'll let you guys know.
0:58
But anyways optimists let's So the Numbers number Town brought
1:02
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trusting someone else's. That's a big No-No for privacy.
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So get yourself a novel today at the time of this recording the
1:28
Bitcoin. Price is 30. 1130 $5 SATs per
1:33
dollar also known as Moscow. Time 3316 market cap 574 billion
1:43
Bitcoin held in corporate. Treasuries 1 million six hundred
1:47
and sixty thousand blockchain blocked blockchain haha block
1:53
height, seven hundred thirty nine thousand nine hundred and
1:57
forty-two total capacity. Three thousand nine hundred and
2:02
Seventy-Six reachable Bitcoin nodes.
2:05
That number continues to go up. Its we were at 16,000 132.
2:11
So again, what I've been saying for the last couple weeks,
2:14
really, last couple months really since the last all-time
2:18
high in November, Bitcoin has become the new stable coin.
2:21
We've been chilling at this price.
2:23
I know we've gone down to but we've been consolidating for a
2:26
pretty long time at 30k, not that the price Is matters,
2:30
specially, if you do what we advocate for so strongly on this
2:33
show which is just dollar cost average use Bitcoin as a savings
2:39
technology rather than looking at it as an investment.
2:43
And you're pulling your life will get better because it's a
2:45
deflationary currency rather than what we have today, which
2:48
is an inflationary currency. Meaning your purchasing power
2:52
goes down over time. If you earn and save, and Fiat
2:56
versus your purchasing power going up over time, If you save
3:00
and earn and Bitcoin. But anyways Optimist, what do
3:03
you have for us today during the numbers?
3:05
All right. Thank you Nico.
3:07
Well I'm back guys, you guys are stuck with me on the numbers so
3:12
let's see this. I saw this trend guys, I'm
3:16
pretty sure we covered this already.
3:17
The two first stories, but we're going to cover it because it
3:22
talks about a little bit of Framing and then we're going to
3:25
get some news that we came across yesterday.
3:27
So as you guys can see, there's Is a story from Yahoo finance
3:31
and it says only 12% and notice the framing right up the grip.
3:36
Only twelve percent of Americans have used crypto mostly for
3:40
investing. So I bring this stuff up because
3:43
we are seeing Bitcoin, get adopted in real time.
3:46
Not only in the western world, but in third world countries and
3:49
it's absolutely beautiful. But since we are
3:52
western-centric, I want to give you some Western numbers and
3:55
then show you how they frame it and then show you what's
3:57
actually happening in the world. So as you can see, Kind of
4:00
Americans or 40 million individuals, use crypto
4:03
currency, or Bitcoin, and Bitcoin last year largely as an
4:06
investment and not as a currency.
4:08
So it says 11 percent said, they bought her held in Bitcoin and
4:12
shit. Coin for investment purposes,
4:13
while only 2% use Bitcoin and Bitcoin, to buy something or
4:16
make payments. Another 1% used to send money to
4:20
friends or family. So, as you can see, they're
4:23
suggesting that only a small amount of people are investing
4:26
in our quote, unquote investing in Bitcoin.
4:29
And you know, Bitcoin isn't a currency and here we go.
4:33
This other story came out from the European Central Bank and
4:37
again, they're saying the same exact thing there is ADD option
4:40
happening and they are afraid of it.
4:42
European Central Bank reveals 10% of Eurozone household owned
4:45
crypto, or Bitcoin and shit coin.
4:48
So May 24th by the ECB indicated that one.
4:51
In 10 households, in the Eurozone, had purchased Bitcoin
4:54
and shit coin such as Bitcoin with the wealthy being.
4:57
Just marginally more likely to possess In the polar.
5:01
So as you can tell they are framing.
5:03
This is only rich. People are going to be buying
5:05
Bitcoin and only if you know first world people with
5:08
financial privilege will be buying Bitcoin.
5:11
And as you can see again it says ten percent of the homes with
5:15
the ratio ranging from six percent in France to 14% in the
5:19
Netherland. And again 37 percent of
5:21
respondents reported having Bitcoin and shit coin worth up
5:25
to about 1,000 euros, while 29% had Bitcoin or had between 1000
5:30
and about 5,000 Euros, 13% held between 5,000 Euros, and 10,000
5:35
Euros. So again, the wealthiest 20% in
5:37
each country, where the most likely to possess Bitcoin and
5:40
shit coins, although a bigger number of families with lower
5:42
income reported holding more cryptos in those in the middle
5:45
ground. So again, the framing of only
5:48
rich people will be having Bitcoin is a narrative.
5:50
You hear from Western media. And even this little quote right
5:53
here on average young adult males and highly educated
5:55
respondents were more, likely to invest in Bitcoin, issue, coin
5:58
assets in the country. Surveyed.
6:00
So again, this is going into the, you know, only white males
6:04
will be the bit coin holders and it's really fake news, guys.
6:09
This is just the soul or Legacy Media, framing things.
6:12
In such a way to basically scare you away from Bitcoin, because
6:16
they understand what it really means, Bitcoin is financial
6:20
inclusion. And as you can see, this
6:21
article, which sparked this whole thing by Alex, wildstein
6:24
was an article about this, Indonesian platform pain to
6:29
raising 113 million. But that wasn't the new story.
6:32
The new story in here was this quote that Alex Lads seen added?
6:36
And there were twelve point four million crypto investors in
6:39
Indonesia as a February 20 22. And I did a little digging this
6:43
article right here, it's got its got a pay wall or subscribe
6:47
newsletter while on it. So unfortunately, I went to
6:49
coined, S. I found the same newsline.
6:52
They told the same story and here was a good quote.
6:55
This is coming from Chief marketing officer and he says,
7:00
That the amount of investors are people people using Bitcoin and
7:03
Shake on. The Indonesia has more than
7:05
doubled since February of 2021 to 2022 from 6 million to 12
7:11
million. So that's the signal guys, that
7:13
despite the rapid growth, however the Indonesian Market
7:16
still relatively new to bitcoin and shit coin.
7:18
This makes education about Bitcoin and Shaco into
7:20
investment a key pillar to support the growth of the
7:22
market. So again, guys, I say all that
7:26
to say what we've been saying for a long time, That Bitcoin
7:31
adoption is happening as we speak and it may not look like
7:35
it is in the western world because there is Legacy Media
7:38
actively fighting us and telling us that it's not happening but
7:41
we know better because we see what's happening in these other
7:43
countries third world countries around the world, adopting
7:46
Bitcoin whether it's Bitcoin mining or just simply people
7:49
hobbling Bitcoin. This is happening as we speak
7:52
guys. So if you're being bearish right
7:54
now because the price is looking down, it's going sideways.
7:57
First of all, you should be excited because it's an odd.
7:59
Trinity, the stack, but second of all guys, Bitcoin is doing
8:03
what it says, it does in real time.
8:06
Bitcoin is real. Bitcoin is everything you think
8:08
it is? And those are the facts and
8:10
there's nothing anyone can say about that because the truth is
8:13
a truth. The truth is on our side and
8:15
then these are the facts Nico. What are your thoughts, man?
8:19
First of all awesome putting the dots together, different
8:24
articles, all really confirming. What we have been making the
8:27
argument for which is The silent Revolution as Alex gladstein so
8:32
well put it right is taking place right?
8:35
And what's striking is right? It's estimated than the US
8:39
according to those articles as 12 percent adoption and in
8:42
Europe is very similar, it's about 10% and then you're
8:45
hearing you know all those crazy adoption numbers from the
8:50
developing world even though Indonesia's actually it's not
8:54
it's not that poor of a country but you're hearing this all over
8:58
the place and specially in And developing countries even more
9:01
like Venezuela, like Argentina, like like different examples of
9:07
the African countries that we've talked about, right?
9:10
This is happening. And what's even crazier, right?
9:13
Is the adoption by the younger generation and look time isn't
9:17
moving backwards, okay? Like it's not right?
9:20
So if the younger generation is is the one adopting Bitcoin and
9:26
shit coins, the most right eventually that younger
9:29
Generation will become the older generation, right?
9:32
So yeah, I mean this is extremely bullish and this
9:35
really just confirms the argument that we've been saying,
9:38
right? And this is why we don't
9:41
speculate on the price very much because the price is speculators
9:46
and Traders, moving the price up and down trying to get the edge
9:50
on somebody, right? But as you seen in Bitcoins
9:54
history, it really goes up and to the right versus Fiat, that
9:58
goes Down into the right. I was thinking I was like down
10:04
to lemnos down into the right. Right.
10:06
So yeah, this is absolutely bullish and it really confirms
10:10
what we've been saying, right? So and you definitely want to
10:13
want to start stacking before 50% of the world's population
10:18
owns Bitcoin and shit coins because you're going to be
10:20
paying that much more. But anyways Abdi, it's time for
10:24
the Daily News brought to you by Swan.
10:28
Check them out Swan Bitcoin Dot That's right, the best way to
10:33
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10:35
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A platform that is built by fellow plebs.
10:42
The link is down below. I guess this is just going to be
10:45
a bullish episode because again I totally and Phil doesn't plan
10:50
and optimism Planet. When we take care of each
10:53
individual segments, we take care of it.
10:56
Like, we don't coordinate, who's gonna cover what, and we really
11:00
believe that. Kind of adds a lot of the magic
11:02
to the show. So the reason I'm kind of went
11:05
on a little, little side note is just very bullish, right?
11:10
You have adoption used in the beginning, right?
11:12
A tenth of America, tenth of Europe.
11:15
Apparently owns Bitcoin and chick coins.
11:18
And this is just Michael sealer, big, Michael sailor, Optimus
11:23
soundboard. Please what's the second best
11:25
there is no second best, exactly.
11:29
There is no second best. Anyways, here's Sailor on CNBC,
11:33
let's see what he has to say, you've made a significant bit on
11:36
bitcoin, so if all of this maturity occurs, and if you see
11:39
all of this flush cash getting wiped out of the system, this in
11:43
a sense, leverage money, could that then be that you see
11:46
Bitcoin coming down considerably and just not ever reaching any
11:50
kind of particular lofty, height, and then you stand to
11:52
lose quite significantly. We don't see it that way.
11:56
We actually see at the opposite, which is the big question
12:00
forever is been, is, is this real?
12:04
And if it's real, is it going to be banned?
12:07
The denier said, this wasn't real and of course, they're
12:10
being discredited as the administration and Congress and
12:14
regulators and Brace Bitcoin and the Skeptics of always said,
12:17
well, it's real is better than gold but it's so good is too
12:21
good to be true and the government's going to ban it.
12:23
So if the deniers You're wrong and if the Skeptics were wrong
12:27
and it's pretty obvious, they're both wrong at this point.
12:30
It's not going to 0 and if it's not going to 0, it's going to a
12:33
million because it's obviously better than gold at everything
12:36
that Google wants to be. And if it was just worth what
12:39
goals worth it, be 500,000 a coin.
12:42
So, I really think we've crossed the chasm there with with the
12:47
bill that was put on on the capitol floor today by two
12:50
senators, a Democrat and Republican.
12:53
And and with Jen Yellen speech at American University.
12:57
April 7th, where she recited the legend of Satoshi Nakamoto and
13:02
explain why digital assets are critical to the future of the
13:05
United States. I think now that that's
13:07
happened, people are realizing that this is a real thing.
13:11
It's going to be with us and Bitcoin is like it or not.
13:15
It's Unique. There really is no network in
13:17
the world that has its level of adoption or its level of
13:21
security. And if I put 500 billion
13:24
dollars, Is on the table and gave it to you and said create
13:27
another one. You couldn't create another
13:29
Bitcoin for 500 billion dollars right now.
13:32
So I'm very bullish about where we're headed from here.
13:37
So a little bit of a little bit of things that you probably
13:41
guys, probably didn't notice. First of all, Michael Chad,
13:43
sailor being Chad, sailor, absolutely bullish and check
13:47
this out. He is live from Annapolis.
13:50
Maryland Annapolis is very close to Washington.
13:55
DC and coincidentally the David's L letter, that was sent
14:03
to Congress that we covered on yesterday's episode was released
14:08
on the same day that the bipartisan infrastructure.
14:13
Sorry infrastructure. Ah, bipartisan so called crypto
14:17
Bill, what we call the Bitcoin bill was was introduced into
14:22
Congress by by senator. Miss and a Democratic senator as
14:26
well. And the reason I'm pointing this
14:29
out, right is because this is a combined effort, okay?
14:32
And at the end of the day, the guy was right when he said in
14:35
the beginning of the video that Michael sailor did place a
14:39
significant bet on bitcoin, right?
14:42
So this is all hands on deck, right?
14:44
Chad sailor is involved and at least influencing or at least
14:51
educating some legislators in the and process, right?
14:55
Or else he wouldn't be. And why else would be in a?
14:58
He be in Annapolis, right? Right else.
15:00
Would he be in Maryland? Right.
15:02
He would be Miami because that's his main residence.
15:05
Right. But anyways again that
15:07
speculation but again, it's a it's a very big coincidence.
15:11
Just like the David's L letter. This is a really good article.
15:15
It talks about the intricacies of how Michael sailor purchased
15:21
all that Bitcoin, and it really talks about Basically that a lot
15:27
of it was through loans. So Michael sailor, has
15:32
everything at stake. He really went all in here.
15:37
I really believe that if this doesn't work out Michael
15:43
microstrategy will go bankrupt. And the reason I'm bringing that
15:47
up is because Michael Sailors on the same boat than us plebs,
15:53
right? Because us plebs.
15:55
I know opt, he's this way. I know, feels this way, we're
15:59
all it. We've been all in.
16:01
We've been on a Bitcoin standard for a while now opt-in.
16:03
I, we became friends really during 2017 2018 during that
16:07
era, right? That the bear market.
16:09
So again, yes Sailors a billionaire on paper but he
16:16
really, really did go all in like the rest of us.
16:19
So he is going to feel the pain just like the rest of us.
16:25
US during Bitcoins volatility during this bear Market or you
16:30
know, people say it's a correction, I don't know, but
16:34
he's in the trenches with us and he and he's playing his part,
16:38
right? And of course, all the things
16:41
that he says are incredibly bullish.
16:42
And the thing that he said about the 500, 500 thousand dollar
16:47
Bitcoin, the 500,000 dollar Bitcoin.
16:51
If Bitcoin reaches the market cap of gold, we actually did an
16:54
episode Couple days ago on how Bitcoin is superior to gold and
16:59
every way in the katyn, the custody aspect about how Bitcoin
17:03
is significantly easier to custody than gold.
17:06
It moves the balance of power from the state, from the
17:10
collective, From the Mob to the individual, right?
17:12
It gives the individual the leg up in terms of custody.
17:18
It's also a lot easier to transport than gold, right?
17:21
So just on those two things worse.
17:25
Case scenario just Bitcoin reaching goals market cap.
17:28
It's a 500,000 dollar Bitcoin, right?
17:30
So it's very very enticing. Anyways it's a lot of signal
17:34
there Opti, there's a lot of signal there, right.
17:36
And you also have Senator lummis and Senator gillibrand which is
17:40
a Democratic senator that co-sponsored, the bill doing a
17:43
lot of TV as well. So, clearly there's some
17:47
pressure, there's definitely some pressure in d.c. on a lot
17:52
of these politicians and look. A lot of people in the comments
17:57
today we're saying that, hey, maybe this bill is not going to
18:00
get past, and I tend to agree with them.
18:02
I don't think this bill in its current form, he's going to get
18:05
passed, but the good news is that, at least it's going to
18:11
expose which politicians are in what side of the football,
18:15
right? So anyways, those are my
18:17
thoughts optimists. What do you what do you?
18:19
What do you thinking here, bro? Am I reading too much into the
18:22
Annapolis location? It just It looks like a it's a
18:26
very, very big coincidence. Well, you definitely went Nico
18:31
Jones on me because that was something that I had missed.
18:34
So now I'm sitting over here like the numbers name, you know,
18:38
I'm like, oh my God, Niko's right?
18:40
What is going on here? But to your point, I think
18:44
you're making a great point because I forget what exactly at
18:48
what point it was. But I remember just recently
18:51
this year or maybe the end of last year, when a lot of Is
18:55
Bitcoin. Political talk was happening.
18:58
There was a moment where the bitcoiners oh wow.
19:02
That's so close. So you're saying are you trying
19:06
to tell me? He's just vacationing here on
19:08
the same day or weekend that the same week that, that the
19:15
infrastructure bill that has so much significance in his
19:19
investment and you're telling me that he's not there on purpose.
19:23
I'm just saying bro. That's hot, you're 100% right?
19:28
And and it reminded me like I was saying of, there's a moment
19:31
during when bitcoiners, I forget what it was exactly, because
19:35
we've been making a lot of noise down in DC, but there was a
19:37
point where Bitcoin is like called all their congressmen and
19:40
senators. And they were like, we have
19:42
never had this much like hoopla over anything, and you guys are
19:46
flooding our phones and everything, like this isn't
19:49
going to go through. So I say all that to say, guys
19:52
bitcoiners, I look I'm first one.
19:55
You guys, I'm basically like a political.
19:58
I'm not the most political guy, but I do think there's an
20:01
advantage to having people like Michael stay like David's L like
20:04
Nico advocating for people to be political and and battling the
20:09
Leviathan because this is where it's headed whether we like it
20:12
or not like, you know, they're here.
20:14
Bitcoin is hit the mainstream and they're going to try to put
20:18
themselves in between you and Bitcoin.
20:20
That's just the way it is. And so we will need people to
20:23
fight against that, you know. Whether that's going to be some
20:26
political grifting or not who knows.
20:28
But the point still stands that we do need it because that's the
20:31
battlefield. And the second point is, your
20:34
first point you made about Michael sailor, he is like a
20:37
like a pleb. It reminded me of what fryer
20:39
Haas you. So we say if you want the price
20:41
to be stable, put your nuts on the table.
20:44
And guys, this is the way. Like you can't have two feet in
20:49
the old like one feet in the old system one feet and then in
20:52
Bitcoin it just it's not going to work out and I To do it
20:55
myself but I'm telling you guys live so much better when you're
20:59
just fully in Bitcoin and you realize like look the Fiat world
21:02
is melting around me, but I'm fine because I own Bitcoin and
21:05
I'm creating the life. I want to live on the Bitcoin
21:08
standard, it's a solid foundation, and it's going to be
21:11
here and it freaking feels so good to see it happening with
21:15
billionaires. Like, it makes us plebs know
21:19
that? Like, wow, we've been on the
21:20
right, right path. When rocket scientists
21:23
billionaires are doing the same thing as That's exactly plebs
21:27
shot was, what do we call Chad, sailor, the billionaire pleb
21:31
makes kind of contradicts well, anyways, web the thing about
21:35
plebs, it doesn't matter. Your stack.
21:37
It's about the mentality. Hmm.
21:39
Oh oh okay, I like that. See, Optimus fields and his
21:43
Optimist takes. Anyways, it's a pun, bro.
21:46
It's a pun. Okay, is it?
21:49
I don't know. Anyways, Okay, so we've talked
21:52
about, we actually called this So the last two years really,
21:58
you've seen mainstream Financial applications start to offer
22:03
Bitcoin. We saw a Robin Hood.
22:06
We saw PayPal announced it and of course why did they do it?
22:11
Especially a company like PayPal, right Bitcoin, really
22:14
disintermediated. A lot of their businesses
22:16
business. If we're right we said that they
22:18
couldn't ignore Bitcoins incentives, right?
22:21
And they also couldn't ignore the competition at the end of
22:24
the day, pay I was a public company, Robin Hood is a public
22:28
company and cash apps sales on just Bitcoin alone where
22:35
astronomical and they were doing very, very well.
22:39
Well, cash app had a feature that PayPal and Robin Hood did
22:44
not pay pal. I mean, sorry.
22:48
Cash app had well. Withdraw feature right, Robin
22:51
Hood and PayPal if you buy Bitcoin on those platforms.
22:55
You can't withdraw it, right? So you're very cut really on
23:00
what you could do with that Bitcoin.
23:02
It's not really your Bitcoin, right?
23:04
It's really the states, but going in a lot of people fall
23:06
for this trap, but like we predicted just on Market forces
23:11
alone, Robin Hood and PayPal. We're going to have to offer
23:17
withdrawals just to keep up with Kasia, and that's exactly what
23:22
happened. We were right about Robin Hood
23:25
but Actually announced it during the Bitcoin conference and we
23:28
reported it on that video that we did a couple months ago.
23:31
Here's the official post just to remind you guys all eligible
23:35
waitlist members now have a Bitcoin and shit coin.
23:38
Wallet lightning network is coming to Robin Hood.
23:41
Why are they doing that? Why are they doing that out of
23:45
the goodness of their heart? No, because they're trying to
23:47
compete with cash app and that's what cash app is doing already.
23:49
And today which is why I wanted to cover this PayPal.
23:55
And this was a tweet that came out.
23:57
We're excited to announce that PayPal.
23:58
Will begin supporting the transfer of Bitcoin.
24:01
Shit coins between PayPal and other wallets and exchanges.
24:05
Let's check it out. This is the official press
24:08
release. We are thrilled to announce that
24:10
starting today PayPal supports the native transfer Bitcoins
24:13
Bitcoins between PayPal and other wallets and exchanges.
24:16
The feature has been consistently ranked by users.
24:19
Right is what I was saying, as one of the most, what?
24:23
One? One of the most requested
24:25
Minutes, since we begin offering, the purchase of
24:28
Bitcoin should coins on our platform available now, to
24:31
select us, users starting today and rolling out to all eligible
24:35
us customers in the coming weeks, this new functionality.
24:38
Let's PayPal customers transfer supported coins into PayPal,
24:42
move Bitcoin and she comes from PayPal to external Bitcoin shit
24:46
coin addresses, including exchanges and Hardware wallets,
24:49
send Bitcoin and shit coins to family and friends on PayPal and
24:53
seconds with no fees or or network charges to send or
24:57
receive. Now, that last part is very
25:00
menacing because a lot of people use PayPal.
25:04
So, if they stay within the PayPal ecosystem, man, it
25:10
doesn't really solve the problem allowing PayPal customers, the
25:14
flexibility to move their Bitcoin and shit cooing assets.
25:17
Bitcoin aetherium, Bitcoin cash, or Litecoin into outside of and
25:21
within our PayPal platform, reflects the current continuing
25:24
evolution of our Best in Class platform and enables customers
25:28
to interact with the broader crypto ecosystem, customers who
25:32
transfer their crypto into PayPal, can extend that utility
25:35
of their crypto by spending. Using our check out with crypto
25:39
products at millions of merchants and you know who's
25:41
also doing this cash app. So again the beauty of
25:46
capitalism, right competition. All these companies are just
25:50
trying to get more profits, they're trying to get more
25:52
customers and in the process of trying to get Get more
25:56
customers. They have to add more features
25:58
right to stay competitive with their competition.
26:01
So now, we have Robin Hood, PayPal, cash app all along with
26:05
drawers and if they allow withdrawals it allows people to
26:09
take self custody of their Bitcoin.
26:11
And like I always say guys, if enough people take self custody
26:15
in this peaceful Revolution, we win right?
26:19
So very, very bullish news and we predicted it correctly.
26:22
Just on the game theory baby. So Is Optimist.
26:26
What are your thoughts on this brother?
26:29
Well, if it's I feel super bullish.
26:32
First of all, I didn't come up with these comments about to
26:34
say, there's actually more of what Dieter Bob was saying, but
26:37
I agree 100% with them and he said, first of all, that this
26:43
would have been super bullish news, if it PayPal was just a
26:47
Bitcoin only company and it didn't have the, you know, that
26:50
shit coin stench on the side of it.
26:52
And then furthermore, I agree with what Nico is saying about
26:58
this. As being super bullish and and
27:00
furthermore, like it seemed if you allow me to speculate a
27:02
little bit, it seems like in the past news of this caliber would
27:06
have pump the Bitcoin price. So, right now, the fact that
27:09
it's not, I think gives Credence to the idea that like either
27:13
people aren't paying attention or because the shit coins are
27:16
attached to this, it just it kind of, you know, knocks out
27:19
the length of this but Nico is 100% right, that just you can't
27:23
fight the incentives like if you want Bitcoin products, if you
27:27
want to participate in the Market, you're going to have to
27:31
have the products that people want the services that people
27:33
want, and that is self custody. You need to have self custody or
27:38
you're not using Bitcoin and these people understand it.
27:40
So, it's all about incentives, find where the money is going,
27:44
and they understand, they're losing market share.
27:46
They need to find out a way to innovate and if they're not
27:50
innovating in the Bitcoin space, while they're going to get Rex.
27:52
So they better follow what we're doing and saying and that is
27:56
self. Custody, so what's Nico Say
27:59
color origin or what's it? Incentives, are incentives or so
28:03
longer Origins? I correct.
28:05
So, yeah, we go. Soundboard, it bro.
28:15
Oh man. But yeah, dude, very bullish
28:18
news by sailor. Absolutely slang it on live TV.
28:21
Like always maybe he's influencing some politicians in
28:25
d.c. very bullish news by PayPal.
28:28
PayPal is a big ecosystem. Hopefully enough people take
28:31
self custody but that's the job of the plebs.
28:32
That's an educational matter. Now they give you the
28:35
capability. So it's really in It's the
28:39
responsibility of people to educate enough people to take
28:42
self custody with the power of self.
28:44
Custody is Optimus is pointing at you.
28:47
But anyways, Opti it's time for the daily meme review brought to
28:52
you by sitting out 21, it's the best Bitcoin cultural zeenat
28:55
stories articles Comics by actual bitcoiners.
28:59
Every volume has different artwork.
29:01
Does the artwork for volume tent?
29:02
This is the artwork for volume to it's almost sold out and this
29:06
is the artwork for volume 11 and there's Garrus is only 1,000
29:09
physical copies per volume, so get your physical print of
29:13
Citadel 21 today before they run out.
29:16
All right, everybody, Welcome to the Daily Mirror view where we
29:18
review Bitcoin memes, they play an essential role, not only in
29:22
Bitcoin culture but in this narrative trench warfare that
29:25
we're fighting every single day. Hand-to-hands on the internet.
29:30
Anyways first meme by corn DeLorean Bitcoin.
29:34
Doing the old Bart inverse Pat bar pattern.
29:36
It's absolutely crazy bro. What from 31k back to 29k back
29:40
to 30k. This what I'm saying?
29:42
Bitcoin is the new stable coin. Anyways, next one.
29:45
Bye. Promethean hottel, what should
29:48
the tax exemption? Be 200.
29:50
Know 600. You guys are paying taxes on
29:52
transactions? All right, well, we have no
29:55
comment on that, but absolutely hilarious.
29:57
Anyways, by Promethean next one. Bye, pay your taxes.
30:04
Next one by hottel, tarantula your worlds on a Fiat.
30:08
Is based on exactly this, why people can't see the truth.
30:13
This is this is really interesting.
30:15
Sometimes we sometimes we cover images that really serve the
30:20
same function as memes and I thought this was really
30:23
interesting, so I put it on this on the on the little guide thing
30:27
that we have to that, we use every day for the show this year
30:30
investment off. If you don't know who this is, I
30:33
really suggest stopping the video right now, going on
30:36
YouTube and typing. This guy's name it and he
30:40
predicted a lot of A lot of the cultural and social problems
30:48
that we're having today. And again, he came from an ex
30:52
communist country. He escaped, he escaped the
30:55
Soviet Union, he defected to the US, and he had some really
30:59
interesting takes. So, anyways, let's check it out.
31:03
First, his first, quote exposed her to True information.
31:07
Does not matter anymore. Does that sound familiar to you?
31:11
A person who is demoralizing Is unable to access true
31:15
information. The facts, tell nothing even if
31:19
I shower him with information with authentic proof with
31:22
documents and pictures, he will refuse to believe it.
31:26
Think about the last two years, how familiar this sounds?
31:30
That's the tragedy of this situation of demoralisation.
31:34
Once people's morals have been debased, education becomes
31:37
indoctrination, entertainment, becomes hypnotism, criminals
31:41
become leaders. And Lies become truth.
31:44
That is very, very, very powerful.
31:47
That was so powerful. I thought that was the last
31:49
meme, that's how powerful it was.
31:51
Anyways, moving on to the next one by Rasmus book.
31:56
A boy. 1776 has joined the chat. Hello fellow radicals, that's
32:02
absolutely hilarious. Puppy legendary puppy.
32:07
Shout out, toxic happy hour on Twitter spaces.
32:09
If you are new to bitcoin, always remember that time in the
32:12
market. More important than timing the
32:14
market. This is what we've been saying.
32:16
This is what I said in the very beginning during the number
32:18
section, we Advocate strongly for DC, a anyways, check it out,
32:25
twenty twenty two twenty, twenty two twenty twenty one twenty
32:27
twenty twenty nineteen. Twenty eighteen Abdi and I are
32:31
not we're not veterans but we've been here pretty darn long time,
32:35
right? And we could pretty much tell
32:37
you that the way that you learn is really just time time in the
32:42
industry, time in the Market learning about Bitcoin putting
32:45
in the work sailor. Takes says, it takes about 100
32:48
hours to really understand what's going on.
32:51
I would say that as well, it really does take time takes a
32:55
listening to podcasts takes reading really good books.
32:58
Really good, Bitcoin books. There's plenty of them and just
33:01
kind of getting an understanding of what is money?
33:04
What is money? What is inflation, right?
33:07
What is this stuff going on? What does it mean?
33:10
And then you start to put two and two together now.
33:14
This is really interesting and then I'm going to kind of
33:17
connect it with this, right? With the Uribe Esmond off what
33:21
he said with the his quotations and this is a screenshot and
33:26
this is by Phil kirpan. And we heard about this, we
33:31
heard about Google Docs essentially restricting.
33:36
What type of data could be on there, not your file violates
33:41
Google drive's. Terms of service.
33:44
Remember, Google drive's. Those are they aren't your
33:47
documents, right? Not your keys, not your
33:49
documents, I guess if your yard self cussing, your documents are
33:52
not yours. Let's say, I guess the same
33:54
logic applies. But yeah, it's they froze it.
34:00
And apparently is because of malware or similar, malicious
34:03
content. What is malicious content, mean?
34:06
What does that mean, right? And this is relating to the
34:10
pandemic, right? I'm not going to get into the
34:12
details of it. But let's just say and I'm sure
34:15
a lot of you guys, especially if you're watching a Bitcoin show,
34:18
you've you're definitely a little based, right?
34:22
You could definitely think back in the last two years and start
34:27
to question, you know, certain Decisions by certain politicians
34:31
specifically, the coercion of an experimental medicine and what
34:37
the results of were of that. And it's interesting because
34:40
when someone starts to compiled a data, That goes against that.
34:44
This is the things that start happening and then connect that
34:47
with the quotes that your embezzlement off had to say,
34:50
right? So anyways, for that Opti, I'm
34:55
going to give his very special score my shitty, but sheep hotel
35:03
room. It's not that shitty.
35:04
It's Alright, It's Alright, It's Alright, anyways Opti, what
35:10
would you give? Those memes.
35:12
Awesome. Awesome memes before I go and
35:15
get my score though that URI mean does does comment or quotes
35:20
like man that hit hard that's roof.
35:24
I I'm seeing that in real time and and in hindsight oh my God
35:28
man, that one hit our anyways. This I'm giving my first obscure
35:33
non Bitcoin score today so you know it's super high.
35:36
It's just two thirds drink a gallon of water.
35:42
All right, water. Our water is super important.
35:44
If you don't drink it, you die and that's bad.
35:47
So definitely drink water and and hotel rooms are cool too
35:51
because if not, you'd have to like live on the street, that
35:55
kind of sucks. But anyways, Opti it's time for
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the promo code down below to get 5% off.
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So, I'm here to do the daily fail.
36:36
Hopefully, I can do fill Justice.
36:38
Anyways, here we go. Let me share the screen with you
36:41
guys, so, First, on the new story, I know, we've been
36:45
telling you guys for weeks now that we were going to stop on
36:48
the Terra Luna fails. But guys, they just keep adding
36:53
up and they keep coming out. So we got to cover them because
36:57
this is what we do here, and it's always a Learning lesson.
37:00
So as you can read here guys, terraform Labs employee in hot
37:05
water for stealing companies Bitcoin.
37:08
So they not only rug pulled on their D pegged, stable coin, but
37:13
Lee an employee was stealing Bitcoin from the company.
37:16
So sell or see how do you say that?
37:22
Optimus can't read. So Metropolitan Police agency
37:25
launched an investigation against an employee.
37:27
From Terra foreign Labs, who is allegedly involved in the
37:30
embezzlement of corporate Fund in Bitcoin.
37:33
From the company. In May the South Korean police
37:35
stood by its finding that the employees unlawful Act was
37:39
purely personal and did not involve labs are Tara, for, in
37:43
Labs, founded DeQuan. So, there's that guy's wink,
37:47
wink, falling on an investigation conducted by Seoul
37:51
police authorities, requested, a freeze to the employees Fund in
37:54
crypto exchanges and then proceed with an inquiry.
37:57
Anyways, as you can see, this is this just talks about the Luna
38:00
fail, Luna 2.0 failed, but here is probably the best fail of
38:05
this whole thing besides the fact that he was stealing
38:07
Bitcoin from the company. So lfg are the Luna Foundation
38:12
guards. Was to protect the terror
38:14
investors. So this sentence at the bottom,
38:17
I think sums it up really good. The lunar Foundation guard was
38:21
designed to protect Tara project investors.
38:24
One of the main objectives of the group is to keep terraform
38:27
Labs at hearing the guidelines in the administration of the UST
38:31
stable coin. So guys, literally the employees
38:34
that were hired or created this Foundation to protect investors
38:40
in their own words, you know, is embezzling.
38:43
Lying and stealing Bitcoin from the company.
38:46
So again guys not only are you the exit liquidity but you're
38:50
the turkey on Thanksgiving. So quit giving these people your
38:54
Bitcoins because they're running away with it blatantly.
38:57
And it's getting super obvious at this point.
39:00
But you guys continue to do it Niko before we go on.
39:03
Do you want to add some to SATs, dude?
39:07
It's not only did they, rug pull the employee rug pulled the rug
39:11
pullers, just a rug Upon a rug pulled over on a public pool.
39:15
It's man, it's typical shit coronary happens all the time
39:19
yesterday, we covered 113 million dollar rug pull.
39:23
Why do all the rug pulls happen in the shit coins and not a
39:26
Bitcoin and that's the signal. But anyways, Opti, what is the
39:30
next fail? My friend.
39:32
Yeah, rug pulls all the way down, guys.
39:34
It's it's quite amazing that people are still falling for
39:37
this one. And this one was probably the
39:40
best fail and someone else. It was narwhal tacos, he said
39:45
that we left a bad taste in his mouth with the fails, but I
39:48
think today's fail is going to be one that leaves a good taste
39:51
in your mouth because it's absolutely bullish if you read
39:55
between the lines. So of course, if you see here
39:57
the st. Louis fed tried to dunk on
40:00
bitcoiners and the hey they tried to compare the u.s. dollar
40:03
versus bitcoin price and if you see this post, they are
40:07
insinuating that eggs are getting more expensive.
40:11
If you hold Bitcoin. And you know of course
40:14
bitcoiners don't trust they verify and so we go to their
40:18
website and you know, if you look into this chart and say,
40:22
wow, it really looks like they are telling the truth, well, you
40:26
know, zoom out a little bit and this this top chart is average
40:29
price eggs in dollars. So let's check out what they're
40:32
talking about. So the original chart was 20 21
40:35
to 20 22. Well, it looks like I exalt our
40:39
getting more expensive in dollars.
40:41
Okay, let's see. See.
40:43
Oh and there's a good kid bit in here, the st.
40:46
Louis fed talking about Bitcoin, smallest unit known as satoshi's
40:52
guys. It's our meme world and they're
40:53
just living in it. They're, you know, they're
40:56
talking about sads guys like very old on little eyes because
40:59
it's funny because it in its so-called satoshi's that like
41:04
you. That is that shade, bro.
41:06
Like you could tell. It's it's so cold, soak ha, ha
41:10
ha. Oh man, there's Mad.
41:14
They're so mad. It's hilarious.
41:19
It's like they're trying to dunk on us and they just reverse dunk
41:22
on themselves. Okay, so here we are, here's a
41:24
chart of price per eggs cost in Bitcoin.
41:29
So let's zoom out because, you know, bitcoiners tell you zoom
41:33
out and wow, would you look at that guy's?
41:36
It looks like eggs are getting incredibly cheaper on the
41:40
Bitcoin standard so even When when the FED tries to dunk on
41:45
bitcoiners, they dunk on themselves and it just proves
41:50
that we're out here winning guys.
41:51
This is hyper Bitcoin ization happening.
41:53
This is what we tell you, every single week, get on the Bitcoin
41:57
standard and your life becomes cheaper.
41:59
Look, the FED is giving you the data themselves guys, like we
42:02
don't even have to look for it anymore they're literally giving
42:05
us. Alley-oops guys like we are
42:07
winning so hard Nico jump in how long until they get rid of that
42:12
metric. How long until the looks of that
42:15
whole article. Like, if you read up, if you
42:18
read the words, it's telling you why it's volatile.
42:23
The so-called satoshi's all of this mumbo jumbo, but if you
42:28
just zoom out and look at their data and tells you a whole
42:32
different freaking Starry, oh man.
42:38
Oh man, says and I want to pull up Optimus abuse up.
42:42
Yeah, thanks. I want to pull up this website
42:45
price in Bitcoin which we reference all the time and it's
42:50
not only eggs, right? And this is what we're talking
42:51
about the power of a deflationary currency.
42:55
And yes, they have eggs up, they have eggs here and eggs,
43:00
actually, if you price them in Bitcoin, they've gotten 60%
43:04
cheaper over the last three years, and they've got an 85
43:08
percent cheaper over the last five years.
43:12
So, That little tweet was just so insincere, it was so
43:19
malicious. It was propaganda.
43:22
That's what it was. It was probably was pure
43:25
non-factual propaganda. They would like you to believe
43:29
something. That isn't true.
43:31
Yes, on the short term, I will give it to them.
43:34
Bitcoin is volatile, give you that but at least Bitcoin is
43:38
volatile. On the way, right and up, right?
43:43
And Fiat is volatile, right and down.
43:48
So really again, we're advocates for the Bitcoin standard, right?
43:54
Going using Bitcoin as your unit of account and you'll see things
44:00
will get cheaper if you use Bitcoin as a savings technology
44:06
to use. Odell's famous quote, if you
44:08
stay humble, stay SATs. Anyways, those are my thoughts
44:12
up to. You have some closing thoughts
44:15
now, bro, just keep winning out there guys.
44:18
Keep stacking, like, don't let them flood you.
44:20
This is this is isolating, and it just shows that you, you
44:25
can't mean without truth on your side.
44:27
Like that's the fact by we say, to every week, the truth is on
44:30
our side. And that's why our memes always
44:32
hate like, look, they tried to dunk on this with their fake
44:35
propaganda narrative. And the truth was like, yeah.
44:38
Nah, this is Reality now, sit down and acknowledge it.
44:43
So Bitcoins winning. And that's only it's only been
44:48
10 years really? It's been roughly a little bit
44:50
more than 10 years. Only been 10 years.
44:52
What about, what happens in 20 years are they still going to be
44:54
posting that chart? I guarantee you, they'll get rid
44:56
of that chart before then because it doesn't fit their
44:59
narrative, dude. But anyways, Opti there was a
45:03
website by Polly website by plebs brought to you by Cipher
45:08
safe, check them out Cipher. Safe dot IO papers dead.
45:12
Don't store your seed on paper store, your seed in the Cipher
45:16
wheel or the all new Cipher grid.
45:18
They both come with a tamper-resistant wire and the
45:21
grid comes with a punch tool. All right, everybody.
45:23
So we actually talked about this yesterday and the reason I'm
45:32
bringing up today's because It's a very important event and this
45:40
was shout out to David's L of the Bitcoin policy Institute and
45:46
they release this on the same day that Senator Lamas,
45:51
introduce the Bitcoin legislation.
45:53
And now, we know, thanks to that CNBC video that sailor is in the
46:00
Washington DC area, as well. That's all a coincidence, of
46:03
course, none of that's related, right.
46:04
But or at like this very, very famous broadcaster says there
46:12
are no conspiracies but they're also no coincidences and it's
46:17
really cool website. And you could tell, you could
46:19
see who this letter, which I suggest you reading.
46:23
It was signed bore, I'll activists from different
46:27
countries. You have lippo Lopez, which is
46:30
political opposition, leader in Venezuela, right?
46:34
You Have you know me Park, which is the North Korean.
46:38
She escaped, North Korea, you have course, Alex gladstein.
46:42
You have fo day, which we actually had on the show.
46:44
Oh, we've had a couple of these people in the show and I suggest
46:47
you read the letter, obviously, we don't have time to go through
46:50
it. But, like I said, yesterday, was
46:51
directed to both both political parties, Senate majority
46:56
Leader's and both political parties house, house leaders as
47:00
well. And it also links some Legacy
47:03
Media articles. On there from The Wall Street
47:06
Journal from Forbes from Reuters, from New York Times
47:09
from Bloomberg's from the financial times all according to
47:12
them, reputable sources according to Simply Bitcoin
47:18
propaganda media. But of course, that's just our
47:21
take. Anyways guys, that was our show.
47:25
I want to give a very special shout-out to, of course, our
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clothing sponsor. I wear them every single day.
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Phil was here he'd be wearing it to and Opti just got his care.
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LTD of.com online store, guys. That was a show.
47:56
If you enjoyed the show you know what to do.
47:59
Smash that like button. And of course, if you want to
48:02
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48:06
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48:09
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