Latest / Simply Bitcoin / Jack Mallers: Africa Bitcoin Mass Adoption | EP 708

Transcript

Jack Mallers: Africa Bitcoin Mass Adoption | EP 708 · Simply Bitcoin

• 0:11
  Yo, welcome to Simply Bitcoin live your number one source for
• 0:13
  the peaceful Bitcoin Revolution would cover breaking news
• 0:15
  culture. Matic Warfare will be your guide
• 0:17
  through the separation of money and state and that's exactly
• 0:20
  what we are living through these days.
• 0:24
  Very interesting times came out CNN BBC article by Mackenzie
• 0:29
  Seagal. Oh, she's absolutely killing it
• 0:32
  the name of the article which were going to cover today.
• 0:33
  We're going to go through a lot of it because it's fascinating
• 0:36
  Bitcoin is posed to blow up Africa's 86 billion.
• 0:40
  Dollar banking system now what's really interesting and we say
• 0:43
  this all the time right? We say Bitcoin is for those
• 0:47
  countries. Why because if you live, you
• 0:49
  know, Alex Clyde seen wrote a book about this, right?
• 0:52
  If you live in a country that has Financial privilege to use
• 0:57
  Alex's words, right whether you know, that's United States
• 1:01
  Europe, you know, you could even say China Australia you have
• 1:06
  developed Financial rails in your country, right?
• 1:08
  So it's very easy to send money. You could do download venmo cash
• 1:12
  Shop PayPal and it's very, very easy.
• 1:16
  But you know, if you live in the global South right, whether you
• 1:20
  know it, South America Africa, you don't have those options,
• 1:24
  right? Your only option is cash, right?
• 1:26
  You know, there's security risks is cash, right?
• 1:29
  So Bitcoin is for them, Bitcoin makes it easy to not only send
• 1:33
  money, but also store money that is deflationary nature, meaning
• 1:38
  it gains in purchasing power over time, rather than
• 1:40
  Inflationary, right. And remember, in the global
• 1:43
  South, they don't have the privilege of having a relatively
• 1:47
  stable fiat currency. They have a currency that is,
• 1:51
  you know, it's terrible. Look at Argentina 99 percent
• 1:55
  inflation recorded last time, right?
• 1:58
  So anyways, everybody before we start the show I'm going to
• 2:00
  bring up my legendary co-host. Always optimistic how you doing
• 2:03
  Opti? I'm doing wonderful bro.
• 2:06
  Actually doing very very good today.
• 2:08
  I'm drinking enough coffee to kill an elephant.
• 2:10
  Fit. So you know I am jacked up for
• 2:12
  today stream. Oh man, what a time and and
• 2:16
  before I gone Shasta to McKenzie, she hangs out in our
• 2:19
  spaces, every once in a while. And it's just beautiful to see
• 2:23
  journalists from the corporate press.
• 2:26
  Finally getting that Bitcoin signal out there.
• 2:28
  It's almost like it's out of me more than everyone else.
• 2:30
  Is just living in it. You know, I say that every
• 2:31
  single day now, but yeah, saying it keeps, I know II.
• 2:35
  Just I have to manifest it into reality.
• 2:37
  Bring it into reality called of attraction.
• 2:40
  Oh yeah man. I'm excited to actually get into
• 2:45
  all the details and then on the culture we kind of got tagged on
• 2:51
  a bitcoiners thread over the weekend and I'm going to
• 2:55
  basically get a get a Call of action to the DCA Army out there
• 2:59
  because tomorrow is April 1st AKA April Fool's Day, AKA
• 3:04
  Bitcoin Fool's Day and I'm going to get into all this stuff and
• 3:07
  the importance of the DCA Army out there.
• 3:09
  Who excuse me? Dude, I mean it's the Z say,
• 3:13
  it's a DCA Army that holds the line right there.
• 3:16
  The buyer of Last Resort, Michael sailor calls them, what
• 3:20
  the Cyber Hornet? The Cyber Hornets, right?
• 3:24
  Anyways, everybody, let's start the show.
• 3:26
  We have a lot to talk about. Let's check it out.
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  The Bitcoin numbers brought to you by novel.
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  simply at the time of recording. The Bitcoin price is twenty
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  eight thousand, four hundred fifty cents per dollar, 3515
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  16, blocks to having 854 having estimate April. 20 at 20 24,
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  Total light network capacity, 5,000, 389 Bitcoin, capacity
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  value. 153 million. U.s. dollars realized monetary
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  inflation 1.76 percent and the market capitalization of Bitcoin
• 5:15
  549 billion with Abby. Anyways, ladies and gentlemen.
• 5:20
  Interesting interesting. We have they came out with a
• 5:25
  trailer for The u.s. Version of the, the beginning of
• 5:29
  a central bank, digital currencies.
• 5:31
  I'm talking about the FED now, payment, that suspiciously was
• 5:34
  released around the same time. That Caitlin Long's, Bank was
• 5:38
  denied, a Federal Banking Charter, we have the video for
• 5:41
  you guys. About three minutes long, let me
• 5:42
  play and then we'll talk about the check it out.
• 5:47
  In today's fast-paced world, time is money, more people,
• 5:51
  businesses and organizations are demanding instant payments.
• 5:55
  That's why the Federal Reserve is developing the fed and out
• 5:58
  service a safe and efficient, instant payments infrastructure
• 6:02
  that will modernize the US payment system.
• 6:05
  The federal service will give financial institutions the
• 6:08
  opportunity to innovate, enabling their customers to send
• 6:11
  and receive money in s 24 hours a day. 7 days a week, 365 days a
• 6:17
  year. Funds will settle between
• 6:19
  financial institutions in real time, which means there's no
• 6:22
  buildup of interbank obligations and end users will have access
• 6:26
  to the funds in seconds, how will the FED now service work?
• 6:31
  Imagine the owner of a coffee shop is running low.
• 6:33
  On coffee beans. It needs to schedule a quick
• 6:35
  delivery, she places an order and the Coffee Bean company.
• 6:38
  Sends her a request for payment. Should response to the request
• 6:42
  for payment and paste for the coffee beans, right?
• 6:44
  Then, and there through an app from her credit union, which
• 6:46
  uses the Fed now service once she initiates the payment, her
• 6:51
  credit union, screens to payment and sends a nice 020 020, to
• 6:54
  compliant payment message either directly or through a service
• 6:57
  provider to the federal service over the federal reserve's fed
• 7:00
  line Network, the FED now service instantly validates, the
• 7:03
  payment, message and passes it along to the Coffee Bean,
• 7:06
  suppliers Bank in real-time, the suppliers Bank confirms to the
• 7:10
  FED now service that it intends to accept the payment and the
• 7:13
  federal service debits and credits.
• 7:14
  To master accounts of both the shop owners and the Being
• 7:17
  suppliers financial institutions or the master accounts of their
• 7:20
  correspondence. The federal service also
• 7:23
  immediately sends a payment message with an advice of credit
• 7:26
  to the suppliers bank and notifies the shop owners Credit
• 7:29
  Union, that settlement is complete.
• 7:31
  Finally, the suppliers Bank credits, the suppliers account
• 7:34
  in near real time, making the funds available, the suppliers
• 7:38
  bank will have the option of sending a confirmation to the
• 7:40
  shop owners Credit Union, that the payment has been posted to
• 7:43
  the suppliers account, providing the coffee shop owner with
• 7:46
  certainty, that the payment was has received the FED.
• 7:49
  Now service will be designed to be flexible and support.
• 7:51
  A broad range of potential. Use cases banks credit unions
• 7:55
  and other industry providers can use it as a springboard for
• 7:58
  Innovation to support a range of applications such as account, to
• 8:01
  account transfers, and bill pay, for example, now imagine it's
• 8:06
  after hours and the shop owner gets a reminder that her car
• 8:09
  insurance bill is due. Today, she may be able to avoid
• 8:12
  a late fee by initiating a bill payment in her Credit, Union app
• 8:15
  and selecting to pay it now. Later she repays a friend for a
• 8:19
  pizza, they shared using an app provided by her credit union.
• 8:22
  That clears and settles through the FED now service with this
• 8:27
  Service banks and Credit Unions can remain competitive by
• 8:30
  offering the type of payment options customers increasingly
• 8:33
  expect in today's fast-paced world.
• 8:35
  The FED now service will support flexible.
• 8:37
  Adoption allowing financial institutions.
• 8:39
  The option to work with aggregators processors and
• 8:42
  correspondence to adopt a service.
• 8:46
  Banks and Credit Unions will also have the option to adopt a
• 8:48
  full set of fed. Now, capabilities or sign on as
• 8:52
  a receive only participant. The initial launch of the
• 8:54
  federal service will focus on core clearing and settlement
• 8:57
  capabilities. Additional features will be
• 8:59
  released in phases to meet evolving industry, demands and
• 9:02
  changes in technology. Get ready for the FED.
• 9:05
  Now service, learn more at fed now.org.
• 9:13
  Oh sorry I fell asleep. Holy shit.
• 9:15
  Was that fucking meme terrible? What the fuck was that bro?
• 9:19
  Anyways it sure sounded a lot like Bitcoin.
• 9:22
  But you know what they try to do.
• 9:24
  They tried to this is and I want you guys to remember this
• 9:26
  because it's very important. They try to justify the
• 9:29
  existence of intermediaries, they need those intermediaries
• 9:33
  without those intermediaries. They can't control it, right?
• 9:36
  So all of those things that that was, that that just Advocate to
• 9:40
  look at, look at all the things that we could do.
• 9:41
  Do you know, someone put, we're ISO compliant.
• 9:45
  You could do all of those things peer-to-peer, you could do all
• 9:48
  of those things with Bitcoin and there's a fabulous Bitcoin
• 9:51
  companies that are innovating and building that stuff, right?
• 9:56
  You don't need that, right? It's the reason that that's
• 9:59
  necessary is because they need, intermediaries, they need that
• 10:03
  without the intermediaries, their ability to control the
• 10:06
  money. Flows does not exist anymore and
• 10:09
  they can't, they can't say that they can't say.
• 10:11
  Can't go out and say look peer-to-peer bad.
• 10:17
  You need a bank in the middle or you need, you need institution
• 10:19
  that we can capture, right? So this is interesting, make no
• 10:22
  mistake. This is a response to bitcoin.
• 10:27
  This is a response. They want to get ahead of this,
• 10:30
  right? And also make no mistake that
• 10:33
  now we say this all the time and I think it's a very big problem.
• 10:37
  The people that are supposed to regulate the industry, Also are
• 10:42
  the people that stand the most to lose if this industry or
• 10:46
  succeeds, right? So politicians.
• 10:51
  Benefit tremendously from having a money printer.
• 10:55
  They can, you know, promised their voters.
• 10:58
  Our constituents free programs that we all know are really
• 11:02
  free, right? Endless Wars the defense
• 11:05
  industry. Right?
• 11:07
  The whole, you know, some people call it, the Deep State.
• 11:09
  I personally called the, administrative States right up
• 11:11
  in your face, that whole system. Is funded by the money printer,
• 11:19
  right? Why is it that politicians that
• 11:21
  have a, you know, politicians salary are worth tens of
• 11:24
  millions of dollars? Why is that the case, right?
• 11:27
  So remember Bitcoin is providing an alternative to that system.
• 11:32
  So like obviously that system is going to try to fight back.
• 11:35
  This is one iteration of that fight back, right?
• 11:39
  We also have the Elizabeth Warren, the restrict act, right?
• 11:43
  So we have a lot of fronts, right?
• 11:45
  A lot of things going on, but we say it in the very beginning of
• 11:49
  the show, this is the separation of money and state you are
• 11:52
  watching it first hand, right? How do you protect yourself
• 11:56
  against this from this takes off custody.
• 11:59
  That's what you do. You just take self, custody your
• 12:01
  Bitcoin, you buy Bitcoin earn Bitcoins Bitcoin take that
• 12:04
  Bitcoin put in self custody you know properly secure your seed
• 12:08
  phrase and that's how we went. If enough people do just that
• 12:12
  what I just said we win and there's absolutely Nothing they
• 12:16
  could do about it, right? All they have is lies,
• 12:20
  misrepresentations and spin. Do you guys remember the
• 12:23
  European Central Bank meme? That came out yesterday.
• 12:27
  The one that Christine Lagarde had to release because she was
• 12:30
  tired of Opti out. Meaning memeing her, right?
• 12:32
  You guys remember that? Basically saying that inflation
• 12:36
  is caused because workers are asking for more money.
• 12:40
  You peasants, you're asking for more money, you are the ones
• 12:43
  responsible for inflation, not us.
• 12:45
  The central bank, they have fucking lies, that's all they
• 12:49
  have lies spin Miss representations.
• 12:52
  We have truth on our side, right?
• 12:54
  All we have to do is shine shine, the bright light of
• 12:58
  Bitcoin on their bullshit and keep in mind, right?
• 13:02
  Don't get distracted by the political divisions of both
• 13:05
  parties at least here in the US or anywhere around the world.
• 13:08
  It's not a left or right issue. I said it yesterday, I tweeted
• 13:11
  it out. This is a green verse orange
• 13:13
  issue, right? So don't get.
• 13:15
  Distracted by the Fiat political parties or the Fiat political
• 13:20
  ideologies here for orange or your for green.
• 13:24
  If your, for green, you want to control people, if you're for
• 13:27
  orange your freedom, it's literally as simple as that,
• 13:31
  don't try to overcomplicate it, they're going to try to overcome
• 13:34
  but they're going to try to spin it, they're going to say no
• 13:36
  there's more Nuance, you know, terrorism Financial, you know
• 13:41
  like money laundering, all this fucking bullshit.
• 13:43
  All these smokescreens remember that?
• 13:45
  Use Tick-Tock in order to justify the so-called Tick-Tock
• 13:50
  ban, which is called the restrict act, which had a lot
• 13:54
  more things in it rather than just Tick Tock they needed the
• 13:57
  smokescreen. They needed the smokescreen in
• 14:00
  order to justify tyranny, right? Anyways, Opti, what are your
• 14:04
  thoughts on all this, bro? Well hold on, hold on.
• 14:08
  Wait where is this? Jose Jose dude, I've had like
• 14:11
  four coffees already, dude, like I'm good.
• 14:13
  Thank you. Thank you for the concern.
• 14:15
  No. I think the chat killed it on
• 14:17
  this one, you know me. I'm the one always following,
• 14:20
  what the chat is saying live. And the chat, hit the nail on
• 14:24
  the head. Why were the dollar symbols
• 14:26
  Orange? It's because they're trying to
• 14:28
  be Bitcoin. They're trying to justifies the
• 14:30
  centralized Authority, that is the Central Bank, the FED now,
• 14:34
  and maybe maybe it was, you know, like a Freudian slip in
• 14:38
  the art or maybe it was, you know, completely intentional.
• 14:41
  But they were making the dollar symbols Orange.
• 14:44
  It's almost like they're trying to To co-op the Bitcoin message.
• 14:47
  And what have we said in the past Bitcoin has forced to
• 14:50
  conversation and they would have probably never tried to roll out
• 14:54
  fed now CBC system. It Bitcoin didn't exist it would
• 14:57
  just continue to go back into the status quo.
• 15:02
  Just continue to repeat the game you know as one Fiat crumbles
• 15:05
  they'll just spin up another one.
• 15:06
  This is this is basically the Fiat system but it's very
• 15:10
  interesting that even in their propaganda piece they are using
• 15:14
  the orange color. Things that make you say, hmm.
• 15:18
  Anyways again the chat killed it by pointing out that all they
• 15:23
  keep talking about is is faster. Digital payments.
• 15:26
  Like this is not what Bitcoins about most of us here.
• 15:30
  Most of us Bitcoin is all we really want to do is just save
• 15:33
  in a money that doesn't steal from us.
• 15:35
  Like it's very simple. It's a very simple process.
• 15:37
  What do we ask you guys every single day?
• 15:40
  Why are we being forced to use a money that steals from us?
• 15:43
  Why is a small cabal of people? In control of the money supply,
• 15:47
  this is not how it should be or could be because we have
• 15:51
  Bitcoin. And again I really liked what
• 15:53
  you said Nico they are going to complicate this issue.
• 15:57
  Keep it simple provide value saving Bitcoin, take Bitcoin
• 16:01
  into self, custody and repeat the process.
• 16:03
  This is all we really want to do is hold a money that doesn't
• 16:06
  steal from us, so that we can build and prosper in the future.
• 16:10
  It's simple as this 21 million, Bitcoins hard cap.
• 16:13
  It's not about faster, payments, and fun about It'll payments, it
• 16:17
  is much more and Bitcoin. Is that solution?
• 16:20
  I just want any money that doesn't steal from me.
• 16:22
  It's a very simple process guys. I know they're going to try to
• 16:25
  conflate the two and complicate things and make us all be
• 16:30
  criminals or whatever they want to paint us as but it's a very
• 16:33
  simple thing. I just want any money that
• 16:35
  doesn't steal from me. And as long as they avoid that
• 16:39
  simple topic of it's all about savings and holding a hard
• 16:43
  money. Then, you know, that they are
• 16:45
  just trying. To co-op the, the Bitcoins
• 16:47
  message, and the signal. And again, the chat, hit the
• 16:51
  nail on the head. Why was the dollar Orange?
• 16:53
  It's because they're trying to be Bitcoin and it just, it'll
• 16:57
  never be Bitcoin because they have a central Authority,
• 16:59
  they're just trying to justify their existence.
• 17:04
  Hundred percent. They're trying to justify their
• 17:05
  existence or trying to justify the existence, or the necessity
• 17:10
  of intermediaries, right? Anyways, before we move on to
• 17:14
  the new segment, we were mentioning about how it to win
• 17:16
  this peaceful Revolution. What you got to do is you got to
• 17:19
  take self custody of your Bitcoin but the thing is, if you
• 17:23
  write down your seed on paper, it's prone to water damage, you
• 17:27
  know, it could catch on fire, you know, paper gets old after a
• 17:30
  while. You got to store your Bitcoin
• 17:32
  seed, face your generational wealth, On the bit plates,
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• 17:39
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  simply and visit bit plates.com today to properly secure your
• 17:59
  seed phrase. Anyways, everybody, let's get
• 18:00
  sinews. We got a lot to talk about this.
• 18:02
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• 18:44
  Alright everybody so we always hear, you know we always hear
• 18:47
  one of the the Legacy mainstream media's like talking points.
• 18:50
  They you know they talk a lot about you know, how 9 bouquet
• 18:54
  Lee is a danger to democracy, right?
• 18:58
  And you guys know the deal. We are a political and simply
• 19:01
  Bitcoin, you know, we don't really talk.
• 19:03
  Talk about politics because I think they're, you know, they're
• 19:06
  stupid to be honest with you. I think if you really want to
• 19:09
  effectuate change you gotta opt out of the system entirely and
• 19:13
  put your money in Bitcoin. But I do want to talk about what
• 19:17
  happened yesterday because of the Legacy Media.
• 19:21
  The corporate media are we like to call it.
• 19:23
  The, the Fiat, the Fiat media, how they treated El Salvador,
• 19:28
  right? They said you know I'll name
• 19:30
  you. Kayla's a threat to democracy
• 19:32
  even though nine buchelli Has the most the highest approval
• 19:36
  rating in Latin America. They got to a point where they
• 19:39
  said that because 9 bouquet lays is locking gang members in
• 19:43
  prison. That is somehow a threat to
• 19:45
  democracy as well. We've heard that narrative many,
• 19:48
  many times. Well, you know, of past
• 19:51
  presidents. Donald Trump was indicted by a
• 19:54
  Manhattan grand jury. I'm more than 30 counts related
• 19:58
  to fraud now. However, which way you feel
• 20:01
  about Donald Trump, I think it's totally irrelevant.
• 20:03
  But what is relevant is the fact that the pop V you know most
• 20:10
  popular political opponent against the B Administration
• 20:13
  which is charged with the crime, right?
• 20:15
  And that's what happens in countries that you know, our
• 20:19
  so-called don't have stable democracies, right?
• 20:22
  So it's interesting, it's very, very interesting, right?
• 20:26
  You know, that these Publications are talking about,
• 20:29
  you know, El Salvador, the way they are.
• 20:31
  Even though, you know, in a country that is Supposedly, you
• 20:35
  know, you know, supposedly is the Bastion of democracy just
• 20:39
  charge, just, just charge the, you know, the the front-runner,
• 20:44
  the FrontRunner for the opposition with the crime.
• 20:47
  So here is nine bouquet LA and he says the best rice says,
• 20:51
  sadly, it will very hard for u.s. foreign policy to use
• 20:54
  arguments such as democracy and Free Fair elections or try to
• 20:57
  condemn political persecutions in other countries from now on.
• 21:01
  Right. And he retweeted of course, And,
• 21:04
  you know, you know, you know, Donald Trump getting charged
• 21:08
  with the crime. So I wanted to start with that
• 21:10
  because I thought it was very, very interesting.
• 21:12
  Now, moving on to the non, right?
• 21:16
  Which is, I think the thing that I wanted to talk about today and
• 21:19
  again, remember, you know what, it reminds me of Opti 9 bouquet
• 21:23
  is very, very famous article, right?
• 21:26
  What was it called again? I totally forget, don't drink
• 21:28
  the elites, go and drink the elite school aid, and it
• 21:30
  literally specifically, says, like the thing that they have.
• 21:34
  The control on truth, right? And I think that's really the,
• 21:38
  you know, I think that's really the message there, right?
• 21:41
  Is that you know it doesn't matter that you know, other
• 21:45
  countries are, you know, it's basically being total
• 21:50
  Hypocrites, you know, as long as as long as the, the
• 21:55
  powers-that-be, the incumbents are the ones with the narrative,
• 21:58
  it's totally okay. And I think that is total effing
• 22:03
  BS. It It is BS, bro. 100%, anyways,
• 22:06
  I wanted to cover I wanted to cover and again, regardless of
• 22:12
  your political ideology, it doesn't doesn't matter.
• 22:15
  Like we don't, we don't really, we literally do not care about
• 22:18
  that. I think it's I think it's BS,
• 22:20
  right? When the Republicans get in
• 22:22
  power, it's like oh the Democrats and the Democrats are
• 22:25
  like the Republicans are the cause of all your woes and then
• 22:27
  when the Democrats get in power the Republicans do literally the
• 22:30
  exact same thing, right? If we actually want to fix What
• 22:34
  is going on? You got to fix the money.
• 22:36
  Fix the money, fix the world. That's what we want to stay
• 22:38
  focused on and that's why they attacked 9 buchelli.
• 22:42
  The way they did. It has nothing to do with
• 22:44
  democracy. It has to do with the fact that
• 22:47
  9 bouquet Lake chose to use a money that is out of the
• 22:51
  established power system, out of the controls of the IMF out of
• 22:56
  the control of the World Bank. And that is why they went after
• 22:59
  him and they're using every single tool possible.
• 23:02
  Any single narrative that will? Oh, stick.
• 23:06
  To go after him. That's what is about.
• 23:09
  El Salvador is a Bastion of Freedom.
• 23:11
  It is literally The Shining Light On The Hill people that
• 23:14
  left Central America, for years and years are going back to
• 23:19
  Central America to go back to El Salvador.
• 23:22
  That is unheard of, that has never happened before and people
• 23:26
  are noticing. We played you the video of Tim
• 23:29
  pool talking about it yesterday. And I think that next cycle 2024
• 23:35
  2025, I've it will be undeniable, you will not be able
• 23:40
  to deny what is happening in El Salvador.
• 23:45
  And you will also end in public companies.
• 23:47
  Will not also will not be able to deny what is happening with
• 23:51
  Michael sailor in microstrategy proving that Bitcoin is a viable
• 23:55
  alternative to holding Fiat on your balance sheet.
• 23:59
  Anyways, I want to focus on this today.
• 24:01
  It is a pretty long article. I want to give a shout-out also
• 24:04
  to Mackenzie Seagal. Owes she continues to drop
• 24:06
  amazing, amazing stuff. So the headline of the article
• 24:09
  CNN BBC for audio listeners is Bitcoin is posed to blow up
• 24:13
  Africa's 80s. Six billion dollar banking
• 24:15
  system. It goes on to say Jack Dorsey
• 24:18
  and his top brass descend on Accra for the inaugural Africa,
• 24:22
  Bitcoin conference Ember to talk about one of the most
• 24:25
  potentially disruptive and transformative alternatives to
• 24:28
  the continents existing Financial system.
• 24:30
  Bitcoin this parallel Financial system, can also serve a
• 24:33
  tangible, social good. Offering an on-ramp to the
• 24:36
  financial system for people who would otherwise be left out in
• 24:40
  countries. Where the vast majority of the
• 24:41
  population is unbanked National Currencies are no longer a safe
• 24:45
  store of value, remittances compromise comprised, a hefty
• 24:50
  portion of GDP and international sanctions, complicate
• 24:54
  connections to the global economy.
• 24:56
  A virtual currency that doesn't require an intermediary.
• 24:58
  To approve transactions, can be a vital Lifeline for survival.
• 25:02
  It goes on to say, moving money in Africa, as an expensive and
• 25:05
  complicated process, Commercial Bank, branch access is limited.
• 25:10
  Especially for people living in remote and rural areas, digital
• 25:13
  banking. Options are also limited tack on
• 25:16
  rampant, hyperinflation widespread government
• 25:19
  corruption, Capital controls trapping, domestic cash in Banks
• 25:22
  and money. Can't stop making sense,
• 25:24
  altogether can stop making sense, altogether, quote, if
• 25:27
  someone wants to move money to the country next door, normally,
• 25:30
  you'd have to fill up a suitcase, full of cash and move
• 25:33
  it over the Border part of the problem stands from the
• 25:36
  continents quasi, Colonial payment framework and which
• 25:39
  roughly 80% of cross-border, payments originating from
• 25:43
  Africa. Can banks are processed offshore
• 25:46
  mostly in the US or Europe that translates to higher cost and
• 25:49
  processing times that are sometimes measured in weeks.
• 25:52
  Then there's then there's my mobile money which has been
• 25:56
  around since the early 2000s. Think of it like an electronic
• 25:59
  wallet tied to a phone number that does not require a
• 26:02
  smartphone or data to operate users.
• 26:05
  Can pay bills and Shop with their phone through SMS texting.
• 26:09
  Instead of having to rely on traditional banking options,
• 26:12
  mobile Mobile money users. Don't get the perks of Legacy
• 26:16
  banking, including earning interest on banks savings and
• 26:20
  building our base, on the history of spending
• 26:22
  interoperability on the content. Also remains a major issue with
• 26:26
  this alternative way of banking, the entire banking system in
• 26:30
  Africa, completely and utterly broken, even amongst the mobile
• 26:33
  money. Prepares, the telcos 2000% 2000
• 26:37
  payment networks and only 2% of them.
• 26:39
  Talking talk to each other. That number continues to grow.
• 26:43
  It's not getting better. It's actually getting worse
• 26:45
  companies like Western Union and money.
• 26:47
  Grand offer, an expensive, physical network of storefronts,
• 26:51
  around the world does move money for those who are banked that
• 26:54
  cash network was extraordinarily difficult and expensive to
• 26:57
  build, which is why, there aren't a lot of direct
• 27:00
  competitors. It is also why those cash
• 27:02
  transfers offer incur substantial fees.
• 27:05
  Bitcoin could eliminate all those intermediaries allowing
• 27:08
  citizens to send digital payments directly to one another
• 27:11
  without relying on credit without incurring.
• 27:13
  Multiple settlement fees along the way quote.
• 27:16
  We're going to move a model. We're going to move to a model
• 27:19
  where we can make payments without IR use or credits or
• 27:22
  promises or Fiat said Alex gladstein chief strategy officer
• 27:26
  for the human rights Foundation. An organization that works with
• 27:29
  activists from authoritarian regimes around the world quote.
• 27:32
  It's literally like sending a piece of gold or a twenty dollar
• 27:36
  bill instantly somewhere else. Quote, if you can get access to
• 27:39
  the internet, you can settle Bitcoin payments, a said Brock
• 27:43
  quote And the government can't do anything about it and I think
• 27:46
  that's really the signal there. And look we have to understand
• 27:49
  that you know most people don't have the privilege that we have
• 27:52
  in the west where we have these developed Financial rails and
• 27:55
  Africa. You know it is literally perfect
• 27:59
  for the Bitcoin use case right? Most people have mobile phones,
• 28:04
  the the internet, the hard lines of the internet are less
• 28:08
  developed or less built out than the mobile system.
• 28:11
  Most people that they the They've built out cell towers in
• 28:16
  Africa, more than they've built out the hard lines, which is the
• 28:19
  exact opposite of how it was built out here in the west,
• 28:22
  right? So most people have a mobile
• 28:24
  phone. Meaning, most people are
• 28:25
  connected to, I'm not saying most people, but a good amount
• 28:28
  of people are connected to the internet.
• 28:30
  And if they're connected to the internet, that means they could
• 28:32
  use Bitcoin and even if they're not connected to the internet,
• 28:35
  there's a block stream. Satellite literally orbiting.
• 28:39
  No, in outer space, and I'm sure it's going to get better and
• 28:42
  better and better, right? There's also.
• 28:44
  Mesh networks. I guess, what I'm trying to say
• 28:46
  is that there is no good solution to either storing
• 28:50
  money. If you live in Africa or sending
• 28:53
  money, if you live in Africa, Bitcoin is the solution to that.
• 28:56
  And I'm glad that, you know, multiple and entrepreneurs are
• 29:00
  trying to figure that out whether it is Jack mahler's
• 29:03
  company. You know, they recently
• 29:04
  announced that they teamed up with a they teamed up with an
• 29:12
  exchange called bit. Knob and basically they're going
• 29:16
  to use the strike as specifically.
• 29:19
  The lightning Network to launch, a feature called, send globally
• 29:22
  that allows Americans to transfer money, to people living
• 29:25
  in Nigeria Ghana and Kenya. Now, what's really interesting
• 29:29
  about this though, is that it just uses Bitcoin and just uses
• 29:33
  lightning, but it doesn't even for it behind the hood.
• 29:36
  It doesn't even force you to use Bitcoin.
• 29:37
  If you don't want to, you can send Fiat, right?
• 29:41
  But it's using Bitcoin, it's using The lightning Network to
• 29:45
  make all of that happen under the hood, right?
• 29:48
  You know, obviously you know, we're all bitcoiners, we want
• 29:50
  hyper Bitcoin ization, right? But during the transition
• 29:53
  period, I think it's a good, you know, hand-holding type of
• 29:56
  feature, right? So it's really exciting.
• 29:59
  I'm really excited for. You know, the people of Africa
• 30:02
  I'm really excited that Bitcoin gives them this opportunity
• 30:06
  that, you know, in the west. We take this completely for
• 30:09
  granted, like we don't eat it to us and we're completely blind to
• 30:12
  it. We're not even aware.
• 30:13
  Where that this is even possible, right?
• 30:17
  So I don't know, man. I think it's really cool.
• 30:19
  I think it's really neat Opti. What are your thoughts, bro?
• 30:22
  Well, first and foremost to where you started this new
• 30:26
  segment. You know it's not about right or
• 30:27
  left. It's about orange for screen and
• 30:30
  you brought up the buchelli article don't drink the elites
• 30:32
  Kool-Aid and I was kind of thinking of another article by
• 30:36
  another person. That's in El Salvador, Max
• 30:38
  Kaiser's article, that was in the physical Bitcoin magazine,
• 30:42
  who's the Banana Republic. Now, And you know, as someone
• 30:46
  that is an American first generation American, it really
• 30:49
  does feel like America is becoming a Banana Republic
• 30:52
  itself. Clown World confirm and it's
• 30:55
  just it's just really on the one hand.
• 30:58
  Just incredible to see this play out in real time but also you
• 31:02
  know again being optimistic and seeing a silver lining hopeful
• 31:05
  that America, there's still hope for us to turn this ship around.
• 31:09
  Anyways to the article by Mackenzie first shoutout to
• 31:13
  Mackenzie. See, she's been doing a great
• 31:15
  job covering Bitcoin even though you know she she does work for
• 31:19
  the corporate press and she probably gets a lot of flak for
• 31:22
  that from bitcoiners. You just love to see it.
• 31:24
  You love to see these stories because not only was it good
• 31:27
  journalism but also it's very hopeful and inspiring and kind
• 31:32
  of a slap in the face to all the people that you know, basically
• 31:37
  take a very negative bet to bitcoin.
• 31:38
  And I my rant here a little bit because sometimes it's really
• 31:41
  disheartening when people think that Bitcoin is just For rich
• 31:44
  people and I love pointing out scenarios like this of what's
• 31:47
  happening in Africa because I know what Bitcoins done for me
• 31:50
  personally in my life. I know what it's done to a lot
• 31:52
  of my friends in America and I just love to see this happen in
• 32:00
  non-western countries or the global South has its Global
• 32:03
  South as its coin because Innovation will no longer get
• 32:07
  stifled you don't have to be in America or a first world country
• 32:10
  to innovate and to prosper anymore because we have Bitcoin
• 32:14
  and smart individuals will prosper from all corners of the
• 32:17
  world and you just love to see it.
• 32:19
  Like we are really in the future now because you can't stop
• 32:23
  Innovation as much as Government wants to regulate and stifle
• 32:26
  Innovation. Human Ingenuity will win out in
• 32:30
  the end. So, I just love seeing projects
• 32:32
  like this. I love seeing stories like this,
• 32:34
  you know, shots out too much and Kura that has connected non
• 32:37
  smartphones on to bitcoin. It just, man.
• 32:40
  This is the type of stuff that makes me inspired, and it's just
• 32:43
  like Okay, I know we're doing the right thing but now I know
• 32:47
  for sure when we continuously huge stories of people Prosper
• 32:50
  that we are really doing the right thing and seeing stuff
• 32:54
  like this in corporate press really counters a couple flood
• 32:58
  lines, like, you know what, about having no internet and I
• 33:01
  don't have enough money to buy Bitcoin and now we can just
• 33:04
  continuously point to examples like this and it's like, look,
• 33:07
  you have no excuses. If you have any excess cash
• 33:11
  right now, you need to save some of it in big.
• 33:13
  Coin and further. It's almost looking like, you
• 33:17
  know, Fiat kind of Fiat. Money is in the western world
• 33:20
  are and you know and you know in a rough place right now.
• 33:23
  Anyways, so it's almost like you want to get some because maybe
• 33:28
  it does catch on, and yeah, shouts on the vague.
• 33:31
  He says, the same thing that I was saying, you know, Mackenzie
• 33:34
  is one of the few decent mainstream journalists.
• 33:36
  So chefs at the Mackenzie really appreciate everything you're
• 33:39
  doing, continue to beat the drum that Corporate press just
• 33:44
  continuously, fudge Bitcoin. And their incentives are exposed
• 33:48
  if they don't see what Bitcoin will bring to the world.
• 33:51
  Someone said earlier, you know, if you are if you are pro Fiat
• 33:55
  then you are anti Human Being a Bitcoin means that you want to
• 33:59
  see Humanity or being a Bitcoin or means that you want to see
• 34:01
  Humanity prosper and move into the digital future, that we
• 34:04
  currently find ourselves in its digital money for a digital
• 34:07
  world, and it's the best way to save.
• 34:10
  So I just love seeing countries. And individuals around the
• 34:15
  world, start to adopt the Bitcoin standard because it will
• 34:18
  make the world a better place. Beautiful 100% bro, completely
• 34:22
  agree with you. Anyways, everybody, let's get to
• 34:24
  the culture, we have a lot to talk about, a check it out.
• 34:30
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• 35:25
  any questions, doubts, concerns, you can always send me a Twitter
• 35:29
  DM. And I'll Be happy to answer them
• 35:31
  anyways. Opti, what are you talking about
• 35:33
  today, brother? All right, so we got tagged in
• 35:36
  this tweet over I think of the first time we got tag which over
• 35:39
  the weekend and you know me I love coordinated Bitcoin buys
• 35:44
  and you know in context I've tried to do some of these in the
• 35:49
  past and they didn't go over so well.
• 35:51
  So we'll see if this time is different but hey this is still
• 35:54
  part of the ethos of get more people stacking and why we
• 35:59
  should do it. Well, we got this thread here,
• 36:01
  actually, it's a tweet by Jonas, peers, AKA at Bitcoin Infinity
• 36:05
  on Twitter and he's been tagging Us in these posts like all week.
• 36:10
  So I told him that I would talk about it on today's culture.
• 36:13
  Anyways, the first tweet that came on my radar from Jonah, was
• 36:17
  this one right here that I have for you guys and he goes, we are
• 36:20
  at an inflection point in financial history.
• 36:22
  If I'm honest, I don't care about freaking Bankers, VC, the
• 36:25
  stock market, or crypto. What I want is sound money,
• 36:28
  money that cannot be. Waited to pay off, bad
• 36:30
  government decisions Wards and agendas that do not reflect my
• 36:33
  values and that I did not vote. For all I want is to be able to
• 36:37
  work in a job that serves society, and to convert this
• 36:40
  energy plus time into a money that I can save in and Trust for
• 36:44
  my kids and for my family and to pay for the workers of others,
• 36:47
  I'm pretty sure that is also what 99% of people want and I
• 36:51
  couldn't agree more. Anyways, he's calling for a
• 36:55
  coordinated stack on April 1st. Tomorrow at 8 p.m.
• 36:59
  GMT. And what's a general mountain
• 37:01
  time. I don't know what that converts
• 37:02
  into eastern time, but he said, make a symbolic Stan hashtag
• 37:06
  Bitcoin, Fool's Day by a small. And I'm going to add a large sum
• 37:11
  of BTC and take it off the exchange.
• 37:13
  And it goes, who is with me, he's calling, you know, and arms
• 37:16
  to action and the Reason Not only did I want to call some
• 37:21
  attention to this because like I said, I love coordinated
• 37:25
  Bitcoin. Buys, we saw what it is capable
• 37:28
  of doing if enough people Do a coordinated Bitcoin buying what
• 37:31
  I'm referencing is the GameStop and the AMC debacle?
• 37:35
  Well they can't shut off Bitcoin like they did for a GameStop and
• 37:39
  AMC and so maybe you know tomorrow won't be the day that
• 37:44
  we finally decouple and the Bitcoin DCA Army.
• 37:47
  Finally takes this to the moon but I think is an important
• 37:51
  thing to do anyways because I brought some some articles and
• 37:54
  stuff that we reference all the time, you know the the piece by
• 37:57
  Corey, the race to avoid the war.
• 37:59
  And then the next piece Again by Cory 10 million bitcoiners the
• 38:03
  intransigent minority. This is what it's all about
• 38:06
  guys. It's about getting a large.
• 38:09
  Well I would say a large majority of the population but
• 38:13
  we only need a small minority of the the population, stacking
• 38:16
  Bitcoin consistently whether that is DC aying daily weekly
• 38:21
  monthly, or lump sum buying daily weekly or my our monthly.
• 38:26
  It's about getting enough people in the DCA, Army stacking.
• 38:29
  Bitcoin. Because at a certain point we
• 38:32
  eat up all the Bitcoin you take it off the exchange and then we
• 38:35
  finally get into the price discovery mode.
• 38:38
  So I've covered these articles on the show a lot of times and
• 38:41
  I'm not going to cover in them again but there is a point here
• 38:45
  and this is the math and chefs out to my boy.
• 38:48
  Jacob from Swan because he keeps, he keeps kind of
• 38:52
  correcting me cuz I always forget to use the word, the
• 38:56
  intransigent minority and this comes from an idea for you
• 38:59
  think? Anything with I was saying,
• 39:00
  intolerant, minority, which is not the right way.
• 39:03
  It's just it's another I word. So it's almost the same thing to
• 39:07
  hashtag my toxic, big hunted. Anyways, this idea of the
• 39:10
  intransigent minority comes from not said, Nicholas taleb.
• 39:14
  I know he's anti Bitcoin or now and it's from his book skin in
• 39:17
  the game. But he goes for most observed
• 39:19
  complex systems. The minority contingent required
• 39:22
  to flip a population to comply with their intransigent.
• 39:25
  Views is in the three to four percent range with a u.s.
• 39:28
  population of 320. Five million three percent is 10
• 39:31
  million and this is where Swan gets their call of the 10
• 39:35
  million bitcoiners on the bright orange future.
• 39:38
  And I'm also reminded of a statistic for my buddy branded
• 39:42
  who not only does he do epic ranch with me every single day
• 39:46
  on our Twitter spaces but he reminds me that the American
• 39:50
  Revolution was basically fought by the same intransigent
• 39:53
  minority of 3% of the, you know, Newfound Americans and this is
• 39:59
  all we Like, I know we want everyone to get on the Bitcoin
• 40:02
  standard, but if you are a big corner, you remember the meme of
• 40:05
  the Bitcoin Remnant and this is who we are speaking to you guys
• 40:09
  out there spreading the signal, stacking sads consistently.
• 40:12
  This is how we decouple from the madness and we, you know, we
• 40:16
  basically take the Bitcoin away from the gamblers and the
• 40:19
  speculators in the Traders. Anyways, I tried to find some
• 40:23
  statistics. It's very hard to find the
• 40:25
  statistic of how many people are actually bitcoiners.
• 40:28
  But I did. Find this website, buy Bitcoin
• 40:31
  worldwide. And we're going to use this as
• 40:32
  our given and this doesn't necessarily mean toxic
• 40:36
  bitcoiners at stat consistently. But as you can see from here on
• 40:40
  buy Bitcoin worldwide, they're making a guess that there's
• 40:43
  about a hundred and six million Bitcoin owners.
• 40:46
  Now, this doesn't necessarily mean the DCA Army of people
• 40:50
  buying Bitcoin consistently, this is probably people that
• 40:54
  have some exposure to bitcoin. And again I did a little more
• 40:57
  mass, you know. Math is not my Long suit but I
• 41:00
  found some people that are relatively good at math and
• 41:03
  shuts out the creases BTC on Twitter and he goes currently
• 41:06
  the world's Collective allocation to bitcoin is just
• 41:09
  point oh five percent. Now obviously this math is a
• 41:12
  little off because he's using the four trillion dollar Bitcoin
• 41:15
  market cap out of the nine. Hundred trillion total
• 41:18
  addressable markets and as Nico showed us today.
• 41:21
  It's roughly around like 550 billion right now.
• 41:24
  So you know, Point 55 trillion, either way, it's still a very
• 41:29
  very A small amount of the collective total addressable
• 41:33
  Market in the world. So I'm going to still use that
• 41:36
  like, .05 percent range of that's how how much, you know,
• 41:43
  Market or market share bitcoiners have.
• 41:46
  But if you do again, some rudimentary Mass, I did again
• 41:53
  some basic mask guys. So don't hold me to this but
• 41:56
  just so you can get your ideas out here and I know someone's
• 41:59
  going to be like Actually, if you break down this, 550 billion
• 42:03
  dollar market cap. And you divide that by the
• 42:07
  alleged 106 million, people that are Bitcoin owners, then we can
• 42:11
  say roughly on average people, hold about 5,000 Bitcoin and,
• 42:15
  you know, give or take. This is this is average, this is
• 42:18
  not median, you know, there's a, there's a range of Michael
• 42:21
  Sailors to people. That just hold a little bit of
• 42:23
  Bitcoin so we can see where we are right now.
• 42:26
  Anyways, I say all that to basically get it into the idea
• 42:31
  of what should you be doing? Should you be lump summing or
• 42:34
  should you be dollar cost averaging and shouts out to Joe?
• 42:37
  No, because we're basically telling you guys to lump sum and
• 42:40
  Alpha Zeta did a great thread on Twitter and he broke down the
• 42:44
  whole difference between lump sum and dollar cost averaging
• 42:47
  and he basically realized that lump sum over time is probably
• 42:51
  the best, but it doesn't negate the point that still stands and
• 42:56
  also shuts out the wicked smart Bitcoin because he did the same.
• 42:59
  Alice's and they both came to the same.
• 43:02
  Understanding that lump sum is much better in Bitcoin saving
• 43:05
  strategy, compared to d.c. a but big.
• 43:09
  But shout out to my boy, fryer hasmukh cook.
• 43:12
  He's been he's been a little quiet lately, but when I was
• 43:16
  going through this, I remembered something that he was saying a
• 43:20
  long time ago and for a long long time of how the DCA Army
• 43:24
  will drive the price of Bitcoin 21 million dollars per Bitcoin.
• 43:29
  Now go Oh, look this up on bitcoin mad because he does all
• 43:31
  the math. But essentially the tldr of this
• 43:34
  is once we get enough people out there, stacking Bitcoin
• 43:38
  consistently it's basically a small amount of Bitcoin.
• 43:42
  I forget what his mouth was, but he was saying, you know, once we
• 43:45
  get essentially to the same kind of idea that Corey says if we
• 43:50
  get 10 million Bitcoins are stacking $10 a day then the
• 43:53
  price floor of Bitcoin is set and the Bitcoin price is going
• 43:58
  to go parabolic. And it's only a matter of time
• 44:01
  until we all get people on the mission.
• 44:04
  So this is why I wanted to double down on this idea by
• 44:09
  Jonah love. Let's get these calls of actions
• 44:11
  and coordinated buys today or tomorrow rather so that we can
• 44:16
  continue to beat the drum of the DCA Army.
• 44:18
  What is most important? In my opinion, is consistently
• 44:22
  buying Bitcoin but you can see here from another thread from
• 44:25
  alpha Zeta. You goes regardless of what
• 44:27
  you're trying to optimize in your portfolio and Including a
• 44:30
  in a location. Even a small location of Bitcoin
• 44:33
  improves the result. So it's kind of back to the idea
• 44:36
  guys. You might want to own some just
• 44:38
  in case it catches on and this is where we get to.
• 44:41
  What Jonah was saying. Tomorrow's April 1st are as he's
• 44:44
  coining it Bitcoin Fool's Day stack some Bitcoin if you still
• 44:48
  have Pi. My I responded to him.
• 44:50
  I'm like wait you guys still have Fiat what's going on here.
• 44:52
  But if you have some dry powder tomorrow April, first eight pm,
• 44:56
  General Mountain Time by some Bitcoin.
• 44:58
  He says, you know By a small amount of Bitcoin.
• 45:01
  I would double down and say spot by a lot of Bitcoin and his
• 45:05
  little, his little meme. Let's show these bankers and
• 45:07
  Traders who's boss. Now, if you think you have no
• 45:11
  effect on the on the market again, I want you to remember
• 45:15
  the GameStop and AMC debacle that we saw a few years ago and
• 45:19
  the fact of the matter is, if enough people are buying Bitcoin
• 45:25
  than we are the market, we are the ones driving the price and
• 45:29
  And again, I'm reminded my other friend by King go.
• 45:32
  And he says if we only had 15 million people buying one
• 45:36
  Bitcoin, the price would be crazy high right now and this is
• 45:40
  the point you want to be stacking Bitcoin consistently.
• 45:44
  Now I know there's some Nuance in the DC a burst of lump-sum
• 45:47
  strategy personally I could pitch you late my Fiat as soon
• 45:50
  as I get it because I can't hold on to dollars but once it's in
• 45:54
  Bitcoin it's like a black box and I feel a lot safer.
• 45:59
  That Bitcoin for the long term versus if I have dollars.
• 46:03
  I instantly want to spend it. So hey I would just recommend
• 46:07
  again in. This is from the richest man in
• 46:09
  Babylon. Take ten percent of your
• 46:11
  paycheck, capitulated into Bitcoin, don't touch it.
• 46:14
  Look at it as your 401k, your retirement for the long term.
• 46:17
  What we're doing here is saving but again if you think you have
• 46:22
  no effect on the market, I brought some last receipts and
• 46:26
  this is kind of a troll from Dylan Leclair, but shouts out to
• 46:28
  him, because there is some reason It's behind it.
• 46:30
  You guys okay. Hear me out the Bitcoin order
• 46:32
  book is so liquid that if we all dig through our couch cushions
• 46:35
  and punt, our spare change, we can send Bitcoin to 1 million
• 46:38
  dollars and one candle, who's with me?
• 46:50
  And if you want to go check this out, there is an article on
• 46:52
  coined as but the tldr of this article and this thread here is
• 46:56
  Bitcoins markets. Haven't been this thin.
• 46:59
  Plus month. So it's really about people out
• 47:03
  there, stacking sets, consistently daily, monthly
• 47:06
  weekly, and this is how not only individuals opt out of the Fiat
• 47:11
  Matrix, but how we set a steady floor for Bitcoin and shouts out
• 47:15
  the fryer munhoz, fryer fryer hasmukh, cook for laying the
• 47:20
  groundwork and this idea of the importance of the DCA Army,
• 47:23
  we've been talking about this for a long time.
• 47:25
  We always talk about the, the importance of the DCA Army and
• 47:28
  you guys stacking Sads daily, you know, strike has the, the
• 47:32
  hourly feature. There's a bunch of DCA.
• 47:34
  Apps swan has the DCA apps. It's all about the DCA, guys, so
• 47:39
  that we can get a steady floor. So that hey, if these Traders,
• 47:42
  he's gamblers these speculators want to want to speculate on
• 47:46
  bitcoin, we will eat it up, we will take that Bitcoin into self
• 47:50
  custody. We will take the Bitcoin off and
• 47:52
  exchange and the less Bitcoin on an exchange.
• 47:55
  The more they will have to charge to get our Bitcoin out of
• 47:58
  our Cold Storage. It's pure incentives and pure
• 48:00
  economics. Oh guys.
• 48:01
  Hey, if you still have Fiat maybe maybe put your hat in the
• 48:05
  ring tomorrow April 1st, 8 p.m. GMT and let's see this DCA Army
• 48:10
  final cold air. If you still have Fiat if you
• 48:14
  still have Fiat set up set up a DCA on Swan Swan and chill.
• 48:18
  Forget about it, you know and then over time Man just builds
• 48:23
  up over time. That Bitcoin is saving.
• 48:26
  See it that way? I think you hit.
• 48:27
  You hit the nail on the head Opti right there.
• 48:30
  Hold on, hold on, hold on. I messed up.
• 48:32
  GMT is not General mountain. Time is Greenwich Mean Time
• 48:37
  Eastern Standard Time. Greenwich Mean Time is 3:00 p.m.
• 48:43
  eastern time. Thank you, Scott a wolf on
• 48:45
  Twitter. Hey maths hard.
• 48:52
  Oh man. Oh man, oh man, but yeah, bro,
• 48:54
  bro, dude, I think that if more people woke up to that reality
• 48:58
  right, you know, just take a portion of your tape eight
• 49:01
  paycheck, you know, literally set it forget it, you know, come
• 49:05
  back in a couple years and watch your savings grow.
• 49:08
  Man. This is the power of a
• 49:09
  deflationary currency, man increases in purchasing power
• 49:12
  over time. So you know, even if you put up
• 49:15
  a little bit, man, it starts to build up over time.
• 49:17
  Problem is that most people save and earn and Fiat, right?
• 49:21
  It's a Depressing mindset. You constantly have to work
• 49:23
  harder Jack mahler's and I think it was, who else said it, right?
• 49:28
  They went on CNBC and they said it, right?
• 49:31
  They said, you know, if energy and housing prices are up 30%
• 49:36
  last year, it's not 6.5 percent, right?
• 49:39
  So if it's, you know, if it's really, if that inflation rate
• 49:43
  is really that high, right? Theoretically, are you earning
• 49:49
  twenty to thirty percent more than you were?
• 49:51
  Last year if the answer is no, you're earning less, right?
• 49:54
  And imagine that in a worldwide that imagine that phenomenon on
• 49:59
  a worldwide level, right? It's horrible and it causes
• 50:03
  anxiety and people can't save for a for a better future, right
• 50:07
  now. We have Bitcoin, right?
• 50:09
  You can earn and you can earn and Save in a money that not
• 50:13
  only is it not inflationary, it's deflationary.
• 50:17
  It actually increases in purchasing power over time,
• 50:19
  which means it gives you the ability.
• 50:21
  Bility to plan out for, you know, Corey says it best, right?
• 50:26
  That bright orange future planned out for a future man and
• 50:29
  imagine that ability but everyone has the ability.
• 50:32
  It's not just confined to the very wealthy that have the means
• 50:36
  to save and assets. Therefore they do benefit from
• 50:38
  ass inflation but everyone else kind of gets poorer and
• 50:41
  specifically the lower and middle classes right now.
• 50:43
  Imagine if the lower middle class has had the ability to
• 50:46
  plan for the future, holy cow, imagine if most of society
• 50:50
  wasn't living, To paycheck that future is freaking possible and
• 50:55
  it's possible under a Bitcoin standard.
• 50:57
  And you know what? That fed?
• 50:58
  Now bullshit that we saw in the beginning, that doesn't fix
• 51:02
  inflation. That doesn't fit.
• 51:04
  They don't mention inflation, they can't mention inflation
• 51:07
  because it's indefensible. That's why they're choosing to
• 51:10
  ignore it, right? They can say all they want but
• 51:14
  they do not have an answer to that they're efficient payments.
• 51:18
  You need a central bank, why do you need a central bank?
• 51:22
  And they don't even take responsibility that they don't
• 51:27
  even take responsibility. Remember the Central Bank meme,
• 51:30
  yesterday that was released by, you know, the European Central
• 51:33
  Bank of which opt is ex girlfriend.
• 51:35
  Christine Lagarde is the head of remember that mean, they said
• 51:39
  that it's because of workers asking for more money that that
• 51:43
  is the root cause of inflation. What type of propaganda bullshit
• 51:48
  spin? Is that enough is enough, op the
• 51:52
  F out, you know, set up your DCA on Swan best place to build your
• 51:57
  Bitcoins. Doc set it to forget it so on
• 51:59
  and she'll forget about it. That's it.
• 52:01
  That's all you got to do and of course take self custody of
• 52:05
  that. Bitcoin take self custody,
• 52:07
  literally take self custody forget about it you know and tap
• 52:11
  into it maybe in the future or pass it on to your kids.
• 52:15
  You know, anyways hey wait wait Nico.
• 52:17
  Before we go I just want to like kind of double down because we
• 52:21
  did get like a little theoretical and ideological at
• 52:24
  the moment but like guys we have eating our own dog, food me and
• 52:28
  Nico. And and we told you guys this on
• 52:30
  the show multiple time, we have done this process for ourselves
• 52:34
  and you know at times hey we were basically, you know, we are
• 52:38
  in our parents house, we were we were on Friends, couches, and we
• 52:41
  just put everything we could every paycheck into Bitcoin And
• 52:46
  as number goes up, you start to free your human capital.
• 52:49
  You start to find this Bitcoins n and you realize, okay, I can
• 52:53
  start to focus on things that I want to do and we're seeing this
• 52:57
  play out on the global level, on an individual level on a
• 53:00
  corporate level and even on a nation state level and it's just
• 53:04
  beautiful to see guys like, trust the process, put the steps
• 53:08
  to work provide the value saving Bitcoin.
• 53:11
  Take your Bitcoin into self custody and repeat this process
• 53:14
  and you will escape Up the Fiat Matrix, they don't want you to
• 53:18
  do this. So this is what you have to do
• 53:20
  to take back your life as a human and of represent 100%.
• 53:24
  Take back your work, your energy, your time.
• 53:28
  And I think the best way to do that is Bitcoin.
• 53:29
  Anyways. Everybody, let's get to the meme
• 53:31
  review. We got a lot to review so memes,
• 53:33
  let's check it out. The daily meme review brought to
• 53:40
  you by Kaboom racks. I get this question all the
• 53:42
  time. Nico.
• 53:43
  Where should I buy Bitcoin miners.
• 53:45
  The answer is Kaboom racks. It's the best place to buy
• 53:48
  Bitcoin miners. That's where you're going to
• 53:50
  find the best deals and the best prices start.
• 53:53
  Your mining Utopia today, to check out their racks.
• 53:55
  You got to go to T dot me, slash Kaboom racks, join their
• 53:59
  telegram group and start your mining Journey today.
• 54:02
  Kaboom racks. Kaboom, kaboom Honestly, the
• 54:13
  little story time, the better, the reason we were even able to
• 54:18
  get the Kaboom rack sponsors because Niko was I was sitting
• 54:21
  there with Alex from Kaboom racks and he just kept coming
• 54:24
  up. Kaboom acts.
• 54:26
  Like wow. You guys have the best name
• 54:27
  ever. Kaboom, you have the, they do
• 54:29
  have the best fucking name ever. That is the fucking great name.
• 54:32
  Kaboom racks. Okay, I already buy your Bitcoin
• 54:34
  miners. ASMR their Kaboom.
• 54:40
  All right. Anyway anyway this is the mean
• 54:42
  Review Guys. Your favorite portion of the
• 54:44
  show where you control this out where you send us your memes, we
• 54:47
  covered them live. So tag is in the memes on
• 54:50
  Twitter, send us memes in our telegram group.
• 54:53
  I will scour the internet and find the memes that you send us
• 54:58
  and I will cover as many as I can as possible on the show.
• 55:03
  Anyways, you guys already know the meme within the mean.
• 55:06
  Tweeter, the bullets memes are the artillery.
• 55:07
  We are in an information War if it has never been clear to you.
• 55:11
  I hope it becomes clear to you on this day.
• 55:15
  There is a war on information and the truth is the light and
• 55:19
  Bitcoin is that truth. So spread the signal continue to
• 55:24
  get the cause of action continue to put truth in art and we will
• 55:27
  continue to orange pill the world.
• 55:29
  Anyways, this first meme is by dombay and he goes Baywatch, one
• 55:35
  Baywatch. One are going to go Nintendo
• 55:37
  presents, hashtag BTC, old money, punch out.
• 55:41
  And we got a pic here of a Nintendo boxing game.
• 55:44
  And we got the White House and we got Banks as competitors and
• 55:48
  we have the fed and finance and Charlie Munger and old money as
• 55:51
  Mike Tyson and the SEC. And we got fed now, Venture
• 55:55
  capitalists and altcoins and Pomp and we have the bit the
• 55:59
  loan Bitcoin. ER and this is who you guys are.
• 56:02
  This is who we are competing and we got the prize of fine.
• 56:06
  Joe freedom. And we got a little Mario over
• 56:08
  here that says, not any Regulatory Agencies because
• 56:11
  Mario is fair neutral. And highly trusted, I love that
• 56:16
  one Baywatch. Okay, this next one is by our
• 56:19
  friend at 21, JC LP and he goes be unstoppable.
• 56:23
  Bitcoiners hashtag Bitcoin 24/7 and we got this you know Bitcoin
• 56:28
  Poseidon with laser eyes and it says be unstoppable and he's got
• 56:33
  the the peak will started the Like Bitcoin physique here.
• 56:37
  This is, this is what you're doing.
• 56:38
  That's what yellow actually looks like.
• 56:42
  Honestly, I hope so. That'd be fabulous.
• 56:44
  Now wonder he's hiding. It's too much sexy too much
• 56:47
  sexy. Anyways, its next meme is by
• 56:49
  crypto graffiti and we covered this yesterday is a little is
• 56:54
  Warren with her. Auntie crypto Army and we got
• 56:56
  the classic Bitcoin template of the old granny with the
• 57:00
  caretaker and it goes, I'm in the Army.
• 57:02
  Sure, you are Liz, let's get you to bed, okay?
• 57:06
  T armies Squad wrecked. This next one is by at seller
• 57:10
  squid, sea. And yesterday again, we covered
• 57:13
  this yesterday. That you cdec be drops, an
• 57:16
  article blaming inflation on Energy prices, seeking higher
• 57:18
  profits and wanting higher wage inflation is caused by the money
• 57:23
  printer Chrissy. Anyways, we got here, Christine
• 57:26
  Lagarde and fixing her glasses. Looking at the Bitcoin price in
• 57:29
  the bitcoiners giving thumbs up because we are pumping and
• 57:33
  Bitcoin is the best asset in court.
• 57:35
  Either one of 2023 the world in disbelief, normies in disbelief.
• 57:40
  Anyways, perfect. Perfect ending to Today's Show
• 57:44
  and nice little bow tie on today's show.
• 57:46
  This is a mean by at the BTC therapist and he goes the yield
• 57:50
  is never free. Hashtag Bitcoin and we got a
• 57:52
  mousetrap and we got a dead mouse in in The Mousetrap and
• 57:56
  The Mousetrap is named fed now and you got a little sticky note
• 58:00
  that says risk-free yield and you got some dollars in his
• 58:04
  pockets. Hes getting rekt.
• 58:06
  I Fiat system and he's trying to get another dollar.
• 58:08
  Another hundred dollar bill and his work, brief gate has Silver
• 58:12
  Gate and Wells, Fargo, and Bank of America and Credit.
• 58:14
  Suisse and JP Morgan as VB and First Republic Bank and
• 58:18
  signature bang. And his portfolio is absolutely
• 58:22
  wrecked because the yield is never free, stack Bitcoin, take
• 58:26
  Bitcoin into self custody and protect yourself from the
• 58:30
  madness. Anyways, this next one is by
• 58:32
  Sampson a lake eyak excel in on Twitter and he goes Clean up
• 58:37
  hashtag Bitcoin at Greenpeace USA and you can see this is just
• 58:40
  a picture, this isn't much of a meme but the meme is the picture
• 58:43
  itself. And you can see on this street,
• 58:45
  the inevitable end of Fiat, currencies.
• 58:48
  When they hyper inflate, they are literally polluting the city
• 58:54
  because they are worthless and it's just trash in the gutter.
• 58:59
  Take your money out of the Fiat monies and saving Bitcoin.
• 59:02
  This next one Nico. Any chance I get to troll you
• 59:05
  out on the mean review. I'm going to use.
• 59:08
  So, shout out to at Monaco mustache and he goes, hey,
• 59:11
  simply Bitcoin is this. I mean, for tomorrow's show and
• 59:14
  it's a play again on the before Bitcoin, a little naive,
• 59:18
  clean-cut Nico. And then currently on bitcoin is
• 59:22
  the current incarnation of Nika that we see right here on the
• 59:25
  show. Look at them wrecked.
• 59:29
  And then the final form of mica, we are still wondering what the
• 59:33
  final form of mica will be. But hey, if it ends up looking
• 59:36
  like this, it looks like a Santa Claus version of Eco with orange
• 59:41
  sunglasses on and a Bitcoin logo on his hat.
• 59:44
  I think, I think it means that we are winning.
• 59:47
  So this next and last name is is on Nico's account.
• 59:51
  Actually, he stole this mean for me from our simply Bitcoin meme
• 59:57
  telegram group. So this is a wine wine original
• 1:00:01
  and it's from what is it Parks? And Recreation right with Ron
• 1:00:06
  Swanson ago, sir, you can't just send money anywhere and Ron
• 1:00:10
  Swanson goes, not to worry. I have a permit and it's the
• 1:00:13
  letter and it goes. Go fuck yourself Bitcoin.
• 1:00:15
  You can't tell me what I can do with my money.
• 1:00:18
  This is a feature, not a bug. This is the energy.
• 1:00:21
  I can do what I want with my money, boys and girls, girls and
• 1:00:24
  boys, and this is why we love Bitcoin.
• 1:00:27
  Why are we being forced to They money that steals from us.
• 1:00:30
  Why can I small Kabbalah? People tell us what we can do
• 1:00:33
  with our money. Doesn't have to be this way and
• 1:00:36
  it isn't money. That money doesn't have to steal
• 1:00:38
  from you, bro. It's very, very simple job.
• 1:00:40
  You mean review score in the chat and we will cover it live
• 1:00:44
  as we cover hours. Anyways.
• 1:00:46
  Anyways, anyways, my mean review score for today Nico.
• 1:00:50
  Since we are telling people to take their Bitcoin into self
• 1:00:52
  custody consistently it's not as good as.
• 1:00:56
  What do you have marine grade resistance?
• 1:00:59
  Didn't steal over there but it is a wallet back up card.
• 1:01:03
  You you rip it. Rip it in front of us.
• 1:01:08
  That's why you need a bit plate. Well, that's why you need.
• 1:01:11
  You can't you can't rip a bit play pro can triple to play.
• 1:01:14
  You gotta you gotta put your backup seat phrase on a bit
• 1:01:17
  plate, promo code simply. Anyways, I'm going to give it
• 1:01:20
  this two terabyte SSD. Come on, you could focus camera.
• 1:01:27
  There we go. Boom, boom.
• 1:01:29
  That's that's when I'm going to give it anyways.
• 1:01:31
  Before we get to the meme scores, I'm going to give a
• 1:01:34
  shout out to our awesome clothing.
• 1:01:36
  Sponsor represent LTD.com Opti and I wear the merge every
• 1:01:41
  single day. It's stylish, it's comfortable.
• 1:01:44
  Where is the promo code? I can't find it.
• 1:01:46
  Here it is simply Dash Bitcoin and you can get yourself a 10%
• 1:01:53
  discount simply Dash Bitcoin represent LTD.com today right
• 1:01:57
  before we get to me. Review score Nico.
• 1:02:00
  We're getting calls in the chat for you to buzz your head.
• 1:02:04
  I'm already touching. I'm touching the tips with btz
• 1:02:07
  sessions. I'm gonna you're gonna bleed,
• 1:02:09
  you might get a streak on my gastrique.
• 1:02:16
  Here's the music. Alright, the p man van, I give
• 1:02:18
  the memes a dozen, bananas for Lizzie's toothless, geometric
• 1:02:23
  brain-dead, corrupt Army, More Diapers neck.
• 1:02:27
  I have we don't agree with that message.
• 1:02:29
  Okay, Bitcoin for Canadians. I give those memes Nico becoming
• 1:02:33
  the ZZ Top of Bitcoin. Haha.
• 1:02:36
  Nice, thanks. Brother Elaine, all the new
• 1:02:39
  bitcoiners created. When they realize the Central
• 1:02:41
  Bank Central CBD CBC trap CB CD. Next one, opt, he's a strange
• 1:02:49
  Grand sister-in-law. I give the memes one of my
• 1:02:52
  sister's money, printers. What is a grand sister-in-law?
• 1:02:56
  I don't know. That's a really good question.
• 1:02:57
  All right, Igor, I give them those means the pressure gauge
• 1:03:01
  from the Escape valve, but even a nice next one point, Becca I
• 1:03:06
  give the memes one Fiat paycheck to smash by on April first
• 1:03:10
  Bitcoin Fool's Day, but even ledge go.
• 1:03:13
  Okay, that's so far going once. Going twice, we got one in, we
• 1:03:22
  got one in, okay? And then they could time I give
• 1:03:26
  the memes a few Her voice mail to Opti because he didn't answer
• 1:03:29
  of Christina guard. Wailing saying she was wrong
• 1:03:33
  about Bitcoin, take me back up t, hold on, hold on, hold on,
• 1:03:36
  hold on. I got my answer already queued
• 1:03:38
  up. No we're just gonna respond with
• 1:03:44
  yellow yellow. Anyways, everybody.
• 1:03:47
  Thank you so much for tuning in to another episode of Simply
• 1:03:50
  Bitcoin live. If you enjoyed the show, you
• 1:03:51
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• 1:04:13
  Bitcoin live. Oh also if you want to hold down
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  the party. Hey Opti why don't you tell
• 1:04:18
  everybody about the spaces today?
• 1:04:19
  Yeah it up. Yeah, yeah, guys.
• 1:04:21
  So we're doing something a little different today on
• 1:04:23
  Twitter spaces. Usually we continue the
• 1:04:26
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• 1:04:27
  But we have a few of our riders today, macro minutes and Mike
• 1:04:32
  Hobart. We're going to talk about what
• 1:04:34
  the implications of D. Dollarization actually mean in
• 1:04:37
  the world. Hopefully, give you guys some
• 1:04:40
  sobering. So sobering thoughts on it and
• 1:04:42
  and less of the Doom porn out there.
• 1:04:44
  So jump in on Twitter spaces right now.
• 1:04:46
  I don't know how long we're going to go, but if you have
• 1:04:49
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• 1:04:53
  now and we're going to talk about D dollarization.
• 1:04:56
  And what's happening with the The bricks Nation.
• 1:04:58
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• 1:05:02
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• 1:05:03
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• 1:05:07
  And also shout out to Swan Bitcoin are they who co-hosts
• 1:05:11
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• 1:05:14
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• 1:05:17
  Producer, Jacob and ways. Love you all see you on Monday,
• 1:05:20
  12:15 p.m. Eastern Standard Time for
• 1:05:21
  another episode of Simply Bitcoin live.