Latest / Simply Bitcoin / Gary Gensler Delays Spot Bitcoin ETF Until 2024 | EP 804

Transcript

Gary Gensler Delays Spot Bitcoin ETF Until 2024 | EP 804 · Simply Bitcoin

• 0:18
  It's all going to zero against Bitcoin.
• 0:22
  It's going. Up forever more,
• 0:46
  yo. Good morning everybody.
• 0:48
  It's your boy Opti, and this is simply Bitcoin.
• 0:51
  Welcome. It is August 16th, it is a
• 0:54
  Wednesday, and we're back for another episode of Simply
• 0:57
  Bitcoin. We are your number one source
• 0:58
  for the peaceful Bitcoin revolution.
• 1:00
  We cover breaking news, culture and memetic warfare.
• 1:03
  And we bring on bitcoiners from all around the world.
• 1:05
  From the biggest names to the everyday.
• 1:07
  Bitcoin. Bitcoin are we got them all and
• 1:10
  we will be your guide through the separation of money and
• 1:14
  state. And apparently we are seeing
• 1:16
  more and more signs of the separation of money and state.
• 1:19
  As you guys can tell from the YouTube title, the SEC
• 1:22
  apparently is delaying their ETF approvals till 2024.
• 1:26
  So we got a video coming out of Squawk Box.
• 1:29
  We got some takes from bitcoiners.
• 1:31
  It's very interesting to see the unelected officials out there
• 1:34
  continuing to delay Bitcoin adoption.
• 1:37
  But it doesn't matter for you guys out here.
• 1:39
  You guys just keep stacking, making sure you're staying
• 1:42
  humble, stacking stats and staying solvent.
• 1:44
  But also the other news that came out yesterday, which is
• 1:47
  interesting because there is another delay to 2024, and is
• 1:51
  the news this morning that PayPal is apparently stopping
• 1:54
  Bitcoin and Kryptos from being purchased on their platform in
• 1:59
  the UK until 2024. So we'll get into all of that
• 2:03
  today and it just it really makes you wonder why there's so
• 2:07
  many delays until next year. But maybe this is all just
• 2:11
  bullish sauce to line up perfectly with the having in.
• 2:16
  I think right now we're still in April of 2024.
• 2:18
  So will this tee up to be a magnificent having?
• 2:21
  Obviously it will, but only time will tell to see what is going
• 2:24
  on coming out from the federal level, from the bureaucratic
• 2:27
  state, and we shall see how everything lines up.
• 2:31
  Is this just the classic FUD Bitcoin delay Bitcoin adoption
• 2:36
  so you can pack your bags and then finally once your bags are
• 2:40
  packed you come out and say, oh we love Bitcoin.
• 2:42
  I don't know, I think we're all kind of wondering if this is the
• 2:45
  case. It really does seem like that is
• 2:47
  the case if you're asking me. But all things aside, you know,
• 2:50
  tick tock next block. Bitcoin adoption will happen
• 2:53
  with or without you guys. So it's only a matter of time
• 2:56
  until you guys all get Bitcoin. What's the mean?
• 2:58
  You get Bitcoin at the price you deserve.
• 3:00
  Well, it seems like this is where we are.
• 3:02
  But for the average person out there, if you are watching
• 3:05
  simply Bitcoin right now in 2023, you are ahead of the game.
• 3:10
  You have more asymmetric knowledge than the average
• 3:12
  person out there, and this is the opportunity to be stacking.
• 3:16
  Yes, we kind of are in this in between phase of a bear market,
• 3:20
  bull market like which one are we?
• 3:22
  Are we crab marketing for the end of the year?
• 3:25
  Who knows. But this is the time to stack to
• 3:27
  make sure your cash flows are up to make sure you are getting as
• 3:32
  many sets under your control as possible.
• 3:34
  As always the meme Stay humble stacks at stay Solvent is the
• 3:38
  prescient way to move forward going into the having.
• 3:42
  And this is where we are. We're just watching as the
• 3:45
  separation of money and state happens in real time.
• 3:48
  And of course, I'm not alone today.
• 3:51
  I do have a cohost today and of course it is Dell the Funky
• 3:55
  Huddle Sapien. He's got a very interesting,
• 3:58
  interesting story today. We're we're changing, we're
• 4:01
  changing places. Today I'm going to do the news
• 4:03
  and the numbers and Dell wanted to handle something special in
• 4:07
  the culture. So Dell, maybe you can tee
• 4:10
  people up or maybe just tease them until.
• 4:13
  They well, if you have, how can I?
• 4:18
  You're going to need to get shake shake yourselves off
• 4:20
  because we're going to be talking about some popular
• 4:22
  culture stuff in in in pop culture sake of it.
• 4:25
  It's it's it's opium it not even in the Bitcoin sense it is.
• 4:29
  I'm going to tie it to Bitcoin but it's opium in the the
• 4:32
  humanity sense. Hope for humanity.
• 4:34
  There, there there is. The light here.
• 4:36
  Okay. I'm Sam Wise.
• 4:37
  Gmg's got some good words that I'm going to be reading to you
• 4:39
  or I guess Tolkien. But through through the mouth of
• 4:42
  Sam Wise GMG. And yeah, there there there is
• 4:45
  good. It might seem like things are
• 4:47
  down in the dumps. It might seem like we're crab
• 4:50
  walking along into a land of despair.
• 4:53
  The boggy marshes of no man's land.
• 4:55
  But there is a good there is good here because the you have
• 4:59
  to remember the price of Bitcoin.
• 5:00
  This is just real short here Opti.
• 5:01
  The price of Bitcoin does not matter.
• 5:03
  One Bitcoin equals one Bitcoin, the price of Fiat.
• 5:06
  Like you can look around on the world if you if you want the
• 5:09
  price of Bitcoin, crazy things and to see a God candle go look
• 5:13
  and see what it's doing in Argentina, if you want it to be
• 5:15
  a little bit more stable look at USA.
• 5:16
  So it it's all that doesn't matter.
• 5:18
  But the price of Bitcoin is is relative into to where you're
• 5:22
  looking at it through what lens what currency lens.
• 5:25
  So just look at it for what it is.
• 5:26
  It's Bitcoin. Learn more about what Bitcoin is
• 5:28
  and then the the Fiat noise won't matter.
• 5:31
  Love it. Yeah, it you really reminded me
• 5:33
  of when I finally took the Bitcoin only plunge.
• 5:36
  You know, my in my early Bitcoin days when I was still green in
• 5:40
  the new, the one thing that saved me was I I had this
• 5:44
  epiphany. I'm like, well, if I'm going to
• 5:46
  understand what is good in crypto land, I better learn what
• 5:49
  Bitcoin is first and foremost and then you can look at
• 5:53
  everything through that Bitcoin lens.
• 5:55
  And once you do that, you look at everything else and you're
• 5:58
  like, wait, the biggest shit coins in the world are Fiat
• 6:01
  currencies? Wait, what is going on here?
• 6:03
  I need to figure this out and get to the bottom of it.
• 6:06
  Obviously there's no end to the rabbit hole, hence why we're
• 6:09
  still here. Hence why we still talk about
• 6:10
  Bitcoin. And hence, wow, everyone out
• 6:13
  there still doesn't get Bitcoin. But anyways, let's let's wait
• 6:16
  for the culture because hey, you know, I am optimist fields after
• 6:19
  all and I could use some some positivity and some opium from
• 6:22
  Dell. So this is gonna be good.
• 6:24
  I'm excited for the storytelling in the culture, but let's get
• 6:27
  into the numbers guys. We got a lot to talk about the
• 6:33
  Bitcoin numbers. Is your Bitcoin and cold storage
• 6:36
  really secure? Is your seed phrase really
• 6:39
  secure? Stamp seeds?
• 6:41
  Do it yourself. Kit has everything you need to
• 6:43
  hammer your seed words into commercial grade titanium plates
• 6:48
  instead of just writing them on paper.
• 6:50
  Don't store your generational wealth on paper.
• 6:54
  Papers prone to water damage. Fire damage.
• 6:57
  You want to put your generational wealth on one of
• 6:59
  the strongest metals on planet earth, Titanium.
• 7:02
  Your words are actually stamped into this metal plate with this
• 7:05
  hammer and these letter stamps. And once your words are in, they
• 7:08
  aren't going anywhere. No risk of the plate breaking
• 7:11
  apart and pieces falling everywhere.
• 7:14
  Titanium stamp seeds will survive nearly triple the heat
• 7:17
  produced by a house fire. They're also crush proof,
• 7:20
  waterproof, non corrosive, and time proof.
• 7:22
  All things that paper is. Not allowing you to huddle your
• 7:25
  Bitcoin with Peace of Mind for the long haul.
• 7:28
  Stamp your seed on stamp seed. Yes, guys, Make sure you don't
• 7:34
  have your seed phrase in your softer or on a piece of paper.
• 7:38
  So scan the QR code, wait over there and it'll take you to
• 7:42
  stamp seed. Get yourself a titanium seed
• 7:45
  storage kit right now. Anyway, let's get to the
• 7:48
  numbers. Of course, we're over here on
• 7:50
  Clark Moody's dashboard, and in my opinion, the only date that
• 7:54
  matters now is the block height, and it is currently at 803,471.
• 8:00
  The current Bitcoin price is 28,965.
• 8:03
  Wow, OK, we're under 29 K Honestly didn't even check the
• 8:07
  price until right now. But hey, it is what it is.
• 8:10
  I guess we're in the crab market right now.
• 8:12
  The current Moscow time, AKA the sats per dollar, AKA how much
• 8:16
  your Fiat dollar is worth. And Bitcoin is currently at 3452
• 8:20
  sats per dollar. And to you bits Maxis out there,
• 8:23
  throw your tomatoes all you want.
• 8:24
  It is 345 bits. Yeah, yeah, I'm.
• 8:28
  I went there. I went there.
• 8:29
  So what? Sue me.
• 8:30
  Anyways, the total percentage of Bitcoin issued that will ever be
• 8:34
  issued is currently at 92 .66%. The current market cap of the
• 8:38
  Bitcoin market Bitcoin price is $563.6 billion.
• 8:44
  Again, billion dollars. It's half a trillion dollars and
• 8:46
  you guys still think you're late?
• 8:48
  Anyways, the realized monetary inflation of Bitcoin taking Fiat
• 8:52
  currencies to school is 1.76%. The Bitcoin versus gold market
• 8:57
  cap is 4.42%. So much room to run in the hard
• 9:01
  money game. We're coming for you gold, We
• 9:03
  are coming for you gold bugs. It's only a matter of time and
• 9:06
  the total lightning capacity is currently at 4666.84 BTC.
• 9:12
  An interesting trend I forgot to add to my friend, but I will go
• 9:16
  and talk to my boy justifier if I remember.
• 9:19
  And I don't forget today people were asking how come the
• 9:22
  lightning capacity is going down.
• 9:23
  Maybe some of the stats are flowing into private channels,
• 9:27
  maybe some people are taking liquidity off the network.
• 9:30
  I don't know, but I'll ask one of my friends for you guys and
• 9:32
  on and I'll come back and report for you guys.
• 9:34
  But if I forget, make sure, make sure you hit me up about that
• 9:37
  because I am a bit forgetful at times.
• 9:39
  Anyways, the hash rate the last 90 days is is currently at or
• 9:43
  estimated at 375.5 hexa hashes and the pending fees in the man
• 9:48
  pool again according to I think Clark Moody's dashboard is using
• 9:53
  man pool dot space but I could be mistaking is 2.6 BTC so it's
• 9:58
  almost like Bitcoin works as described.
• 10:01
  Anyways, there is an article here by Coin Telegraph just to
• 10:04
  give you a headline, but I have a video from Squawk Box which I
• 10:08
  I think hits the nail on the head and explains thing a lot
• 10:11
  better than I can but we will jump off that.
• 10:13
  Anyways, the headline over here on Coin Telegraph and and these
• 10:15
  are kind of were rumors. It came out yesterday.
• 10:19
  There is some contention whether this is some rumors.
• 10:22
  I do have some tweets from people that might have more
• 10:25
  insight than us. Of course, we are just
• 10:27
  reporting, but again, the headline here is SEC delays.
• 10:30
  Set deadlines for Bitcoin ETF approval to early 2024.
• 10:34
  With a maximum 240 day window available to the SEC to delay
• 10:39
  Bitcoin and Chicoin ETF applications, Some firms could
• 10:42
  wait until March 2024 to hear decisions on filings made in
• 10:45
  July 2023. The silver thread here guys is
• 10:50
  the fact that if these ETFs get dropped, it seems like they're
• 10:55
  going to get dropped at exactly when the having happened.
• 10:59
  But anyways, we did get Jay Clinton XI think he was in
• 11:05
  Gary's position before Gary was from the SEC and he's talking
• 11:10
  about his insights on what he believes is going to happen in
• 11:12
  the market. And then I got some other tweets
• 11:14
  from some Bit corners and some other financial analysts, some
• 11:17
  people from the SEC, that might give us some more insights into
• 11:20
  what's actually happening. But let's see a joke kerning on
• 11:23
  Squawk Box talking to Jay Clayton.
• 11:27
  She has postponed its decision on the ARC Bitcoin ETF, making
• 11:31
  marking another setback in the prolonged effort to allow direct
• 11:34
  trading of crypto assets on traditional U.S. markets.
• 11:37
  Join us now is Jay Clayton, former chair of the SEC and CNBC
• 11:42
  contributor. You know, I was trying to, you
• 11:44
  know, vacation. So I'm like a little woozy.
• 11:47
  But I'm trying to remember the last politicians we had on.
• 11:51
  And they had all kinds of plans to pass, all kinds of stuff.
• 11:54
  And there was one from from the one party, one from the other
• 11:57
  party. They were together, they were
• 11:58
  writing stuff. Anything going on, anything
• 12:01
  happened. This isn't going to happen
• 12:02
  again. Just more the same.
• 12:06
  Well, look, the SEC postponed the decision, but they are they
• 12:09
  are seeking public comment and. The landscape for Bitcoin and
• 12:14
  retail access to Bitcoin has definitely changed and let let's
• 12:18
  just let's just look at where we are today.
• 12:21
  I I, when I was SEC chair was very skeptical of the Bitcoin
• 12:24
  trading markets and and whether you believe Bitcoin is going to
• 12:28
  go to whatever or dry up and go away, I I think that's no longer
• 12:33
  the question. You know you had Russ Beneman,
• 12:36
  he was talking about it's clearly a commodity.
• 12:37
  It should be regulated like a commodity.
• 12:39
  We have large retail participation around the globe
• 12:43
  and people want access to it. Now what do we have?
• 12:46
  We have very credible financial institutions who have fiduciary
• 12:50
  duties, duties of best interest to their customers who are
• 12:52
  saying we want to deliver this product and we can do so
• 12:56
  consistent with those obligations.
• 12:58
  Last thing you have is you actually have the futures ETF
• 13:01
  trading. Which we all know is an
• 13:03
  inefficient product. So my assessment looking at all
• 13:06
  of that is let's get some public comment and then let's move on
• 13:10
  and have spot Bitcoin ETF. So it is it a stretch to say
• 13:14
  okay there's there are securities like equities and
• 13:17
  then there were places like First Jersey or Stratton,
• 13:22
  Oakmont or or take your pick of these, these fly by night.
• 13:26
  You know, bucket shop operations and that's akin to to sbf and
• 13:29
  and maybe. The crypto markets.
• 13:32
  The crypto markets. OK, we're rife with fraud.
• 13:36
  But not crypto itself. Crypto is a technology.
• 13:39
  It is a technology. Conflate the two, and they argue
• 13:43
  that that crypto itself is is a Ponzi scheme.
• 13:47
  But but clearly clearly distributed Ledger technology is
• 13:50
  a technology that people have found efficiency and we OK go
• 13:53
  back to love to see the conversations happening that
• 13:58
  we've been in the trenches for so long happening on squawk box
• 14:01
  shots as a Joe Kernan and you can tell he's playing a little
• 14:03
  bit of devil's advocate here. But before I go on to some of
• 14:06
  these tweets, I think there is some things of course this is a
• 14:10
  Bitcoin only channel some things to clear up.
• 14:12
  First and foremost, of course it is Bitcoin, not Shitcoin.
• 14:15
  Or it is Bitcoin and not crypto. And I think even Joe, even
• 14:20
  though he was kind of playing devil's advocate, he even
• 14:23
  exposes the fact that there is a lot of conflation between crypto
• 14:27
  companies and crypto at large, Or as we like to say, shit coin
• 14:31
  companies and Bitcoin. And they're obviously not the
• 14:35
  same. And as someone that has been in
• 14:37
  the space for a while, that's one of the things that irks me
• 14:40
  the most is when you hear someone say that like, oh, SBF
• 14:43
  is the leader of the industry or CZ is a representation of
• 14:47
  Bitcoin and you're like, there is no Bitcoin CEO and that is a
• 14:53
  feature, not a bug. And the more people conflate the
• 14:56
  two, the more they gaslight the normies, Sometimes the more
• 15:00
  frustrated I get. But anyways, Jay Clinton of
• 15:03
  course once was a part of the SEC, former head of the SEC.
• 15:06
  I think he says it very, very good and and it almost sounds
• 15:09
  like he's a bitcoiner. If you really listen to this
• 15:11
  closely, first he doesn't say crypto at all until Joe brings
• 15:15
  it up in the framing of Bitcoin or crypto businesses versus
• 15:19
  crypto the, you know, the market or the coin.
• 15:23
  He says Bitcoin isn't going away.
• 15:25
  He also double s down on the idea that there's a bunch of
• 15:28
  credible interest to Bitcoin exposure from these large
• 15:31
  institutions, which is something we've been covering for a while.
• 15:34
  I know I can hear my friends out there like, oh, all bitcoiners
• 15:37
  have become macro analysts. Well, this is where we are in
• 15:41
  the story guys. There's a lot of interest from
• 15:44
  financial institutions, from some of the biggest names in the
• 15:46
  world. And I think this is always have
• 15:48
  been inevitable and it's just an acknowledgement of where we are
• 15:51
  in the game. And I think there was one point
• 15:54
  there that was very interesting where Jay explains that the free
• 15:58
  market out there, every one of you guys has shown that there is
• 16:01
  interest. He called it distributed Ledger
• 16:03
  technology, that's their acronym that they're giving to Bitcoin
• 16:06
  and or the blockchain technology.
• 16:09
  But what he's really saying is, as I say all the time, the
• 16:13
  Bitcoin price is a real time metric of people's understanding
• 16:15
  of Bitcoin. And it's becoming very obvious
• 16:18
  that people out there value Bitcoin.
• 16:20
  Every one of you guys value Bitcoin and further, more and
• 16:23
  more people are waking up to the value proposition of Bitcoin.
• 16:26
  So is this set back a bad thing or is this really going to be a
• 16:30
  bullish thing as an ETF drops when the having drops?
• 16:35
  I don't know, but Samson Mount nails it on the head here and
• 16:38
  Samson Mount goes in a Giga chat move.
• 16:40
  The SEC pushes ETF approvals even closer to the having
• 16:43
  hashtag Bitcoin. Just love to see it and then
• 16:46
  more on a little more cynical side and and probably just like
• 16:51
  more on the thread of the separation of money and state Is
• 16:54
  beauty on here And he's quote tweeting the tweet of Gary
• 16:58
  Ganzler delaying the ETF approval till early 2024 and he
• 17:02
  goes. A country where one unelected
• 17:04
  man can kill an entire industry is not a free country.
• 17:08
  Of course we do not love regulation and we do not love
• 17:12
  government overreach. We are free market Maxis.
• 17:15
  So I definitely agree with Beauty on where you know Gary
• 17:18
  Gensler is unelected and it's very interesting to see why he
• 17:24
  is pushing back these approvals of Bitcoin when we know he had
• 17:27
  an MIT class on blockchin technology.
• 17:29
  So we know he knows what's going on here.
• 17:31
  He had to teach this, so he obviously deep dope this.
• 17:34
  So it's very interesting to see what his incentives are, where
• 17:38
  he's going, who he aligned with, whether he's a Bitcoin maxi.
• 17:41
  I know we've been kind of jokingly and sometimes seriously
• 17:44
  saying that Gary Gensler is a Bitcoin Maxi, but there is this
• 17:48
  tweet by John Reed. He was also a former chief at
• 17:52
  SEC and he kind of laid out what his thinking was on the delay of
• 17:59
  an ETF and why this would happen.
• 18:01
  I'm not going to read the whole thread, but you should
• 18:04
  definitely go check this out. Maybe I'll drop it in the in the
• 18:07
  description for you guys so you don't have to look.
• 18:09
  But there was rumors this week about Hester Pierce becoming the
• 18:13
  next SEC chair after Gary Gensler.
• 18:15
  And I think there's some insight into here by John Reed Stark,
• 18:19
  which I I think you guys should also hear.
• 18:21
  So he broke this little tweet out in a couple of different
• 18:24
  sections and this one is called Hester Pierce's SEC chair.
• 18:27
  And, and this is where you kind of can get an understanding of
• 18:30
  what is going on behind the scenes in the SEC.
• 18:33
  So first, by way of background, the SEC is an independent
• 18:37
  federal agency established pursuant to the Securities
• 18:40
  Exchange Act of 1934, headed by A5 member Commission.
• 18:44
  The commitment commissioners are appointed by the president and
• 18:46
  confirmed by the Senate. The president designates one of
• 18:49
  the commissioners at the chair to ensure that the Commission
• 18:52
  remains nonpartisan. No more than three commissioners
• 18:55
  may belong to the same political party.
• 18:57
  The President also designates one of the commissioners as
• 19:00
  Chair, the Sec's top executive. When any President is elected,
• 19:04
  the current SEC chair typically resigns and the new SEC chair
• 19:08
  position is rarely confirmed and filled until at least three to
• 19:11
  four months after Inauguration Day.
• 19:13
  Hence, should a Republican get elected President, Chair Gensler
• 19:16
  would likely resign and the senior Republican appointed SEC
• 19:19
  Commissioner, in this case famed crypto mom Hester Pierce, would
• 19:23
  possibly become acting Chair. In addition, given that there
• 19:26
  would be an equal number of Republicans and Democrats on the
• 19:29
  Commission, any votes by the Commission, especially relating
• 19:32
  to crypto recommendations from the staff, could easily split at
• 19:34
  22 because there would be at least one vacancy in the
• 19:38
  Commission. So if Hester Pierce becomes
• 19:40
  acting chair of the SEC, given her lengthy track record of
• 19:43
  dissent and opposition to most crypto related SEC actions, the
• 19:47
  world should expect that most USSEC crypto related enforcement
• 19:50
  and most crypto related SEC disruption would grind to a
• 19:53
  screeching halt. That's his take.
• 19:56
  Very interesting take to say the least.
• 19:59
  Take the politics aside. I think it is interesting to see
• 20:04
  that maybe Gary is kind of waiting to see what happens
• 20:07
  after the election. Maybe this is them delaying the
• 20:11
  Bitcoin ETF. Spot Bitcoin ETF till actual
• 20:14
  after the elections, This is why they're delaying to 2024.
• 20:17
  But also we have James C4. He is a Bloomberg analyst over
• 20:21
  here, asset manager as well, and he goes lots of tweets and
• 20:24
  publications saying things are de facto pushed out to 2024 for
• 20:27
  spot Bitcoin ETF's, hype for approvals right before having
• 20:30
  ETC etc or etc. But there's still a bunch of
• 20:32
  deadlines in 2023 ^2 off in green below.
• 20:35
  Plus we're waiting on Grayscale and GBDC court case.
• 20:38
  So I brought that up to just kind of touch on the idea that
• 20:42
  hey they may delay this till 2024 but there is still some
• 20:46
  dates coming up that are going to be important in the next
• 20:50
  months. You can see here we have all the
• 20:52
  recent Bitcoin share ETF filings.
• 20:54
  You know we have ARK shares, we have I shares, we have Bitwise,
• 20:57
  Van, Egg, Wisdom Tree, Invesco, Galaxy Wise Origin, Valkyrie,
• 21:01
  Global X, etc. And while Kathy Woods, ARK has
• 21:05
  already been delayed twice, you can see that in September, from
• 21:10
  September 1st to September 4th, we will be seeing whether those
• 21:14
  delays also or those deadlines also get delayed for these other
• 21:18
  ETF's. And as the rumor mill has been
• 21:20
  going, it seems like a lot of these ETFs are going to drop at
• 21:25
  the same time. So we will see if that is the
• 21:28
  case or we'll see if they are going to continue to delay these
• 21:33
  ETFs. Of course, as someone that is a
• 21:36
  spot Bitcoin Maxime, all this stuff really doesn't mean
• 21:40
  anything to the average person. This is kind of one of those
• 21:42
  like stacks that stay humbles. The markets will figure this
• 21:45
  out. Of course this is going to open
• 21:47
  up more investments from traditional liquidity into
• 21:49
  Bitcoin, But for you guys that are already here, you just keep
• 21:52
  stacking, keep taking Bitcoin into self custody and you know
• 21:56
  the Tradfi macro financial guys, they'll figure all this out.
• 22:00
  Of course they're trying to financialize Bitcoin and this
• 22:03
  was inevitable. But for us, hey, it's just a
• 22:06
  waiting game. We know one day they will pump
• 22:09
  our bags, even if it is a lot of paper Bitcoin.
• 22:11
  This is why we're telling you guys to continue to take Bitcoin
• 22:15
  into self custody because it's becoming pretty obvious, at
• 22:18
  least to me personally, that there is some price manipulation
• 22:20
  here going on. But at a certain point, once all
• 22:23
  you guys hold Bitcoin, spot Bitcoin its rocket ship, and get
• 22:27
  on board, I think this bull run is going to turn out to be a
• 22:31
  good one. But anyways, I've ranted long
• 22:32
  enough. Dale, what's your thoughts on
• 22:34
  all this stuff? Do you do you even care about
• 22:36
  the ETF? Do What's your thoughts on Gary
• 22:38
  Gensler delaying the ETF? What?
• 22:39
  What's going on over there? The the main thing that so I'll
• 22:43
  tell you what I think about the ETF here in a second.
• 22:45
  But there was one thing that really stood out to me in that
• 22:47
  clip and he mentions I don't know what the guest name is.
• 22:49
  What was the the previous SEC chair?
• 22:51
  Whatever. Jay something.
• 22:53
  Yeah, Jay Clayton. Jay Clayton, he says something
• 22:55
  like. Retail wants access to Bitcoin
• 22:59
  as as if retail investors just people you and me, that's that's
• 23:04
  what they call us. You and me and retail the Bob's
• 23:07
  and Jane's out there as as if they need you and I need an ETF
• 23:12
  to get exposure to Bitcoin. We don't.
• 23:14
  We're doing just fine. We don't need an ETF at all.
• 23:17
  What? And so this will bring me to my
• 23:19
  point why I think an ETF is good, what an ETF does is it?
• 23:24
  Is it helps other people not you, probably not or sorry, not
• 23:29
  me and probably not you. I, I don't know maybe there's
• 23:31
  still some people like I don't, I'm not so sure about this
• 23:33
  Bitcoin thing, I don't know. But if they see that fidelity,
• 23:36
  if they see that BlackRock, Vanguard, etcetera, etcetera,
• 23:39
  etcetera are all going in to some degree on this thing, then
• 23:43
  it will help other people, Uncle Jim see it as a legitimate
• 23:47
  thing. They'll go well I guess if this
• 23:49
  multibillion or trillion dollar asset under management company.
• 23:53
  Is interested in this thing. Maybe I too should be interested
• 23:56
  in this thing. Maybe it's a little bit late and
• 23:58
  I, I I still think that I'm going to have discussions with
• 24:01
  people here in a year from now when the Bitcoin price does
• 24:04
  skyrocket. Like, oh, it's too late.
• 24:06
  Like, no, you don't understand. Let me play this clip for you
• 24:08
  that's about two seconds long from Michael Saylor.
• 24:10
  It's going up forever. Laura, like you, you got to
• 24:13
  understand. Like, I I will stress the people
• 24:15
  to come to simply Bitcoin. Educate yourself.
• 24:18
  Do the research on why this is not going to stop.
• 24:21
  Until it swallows the entirety of the world like we've seen
• 24:25
  those memes where it's the giant fish.
• 24:26
  And then it shows all the other currencies.
• 24:28
  It's just waiting to gobble it up.
• 24:30
  What, like you? I I suppose we'd still do have
• 24:35
  newspapers today. And we still do have magazines,
• 24:37
  yes. But are people primarily getting
• 24:41
  their news from newspapers? Are newspapers at anywhere
• 24:44
  nearly as profitable as they once were?
• 24:47
  No, it's nowhere. It's like it's not even close.
• 24:50
  So yes. In a technical sense, I can go
• 24:53
  out and and get a newspaper. Absolutely.
• 24:55
  I can certainly do that. And yes, I can go out and buy a
• 24:58
  magazine. Absolutely I can do that.
• 25:00
  But if I want to look at pretty women, I'm probably not buying a
• 25:04
  Playboy. I'm probably going to certain
• 25:05
  websites. If I want to get my news about
• 25:08
  what's happening right now, I'm probably going to X.
• 25:11
  Probably not going at to to to to to a newsstand.
• 25:16
  Who's doing that? Who's who's getting like no, no,
• 25:18
  no. If it's not printed on the New
• 25:19
  York Times and it's not news really, who's doing that?
• 25:23
  Maybe there's still some people out there doing that, but it's
• 25:25
  not most people also there. It's possible, I don't know.
• 25:29
  But it's certainly possible that with 900 Bitcoin coming in like
• 25:33
  it's TikTok next block and it's roughly nine, 900 Bitcoin coming
• 25:36
  in every single day, it is certainly possible.
• 25:39
  That keeping the price low by not approving the spot Bitcoin
• 25:42
  ETF allows people to accumulate more.
• 25:44
  I've seen multiple people talking about this in chat and
• 25:46
  that there's definitely some some credence to this argument
• 25:50
  that as long as the price stays lower, more people can
• 25:54
  accumulate it. And that means anyone.
• 25:55
  That means Wall Street people, that means investors.
• 25:57
  That means Bob, who's got 5 bucks in his pocket and it means
• 26:01
  Billy, the Wall Street investor with his his $10,000 suit.
• 26:05
  He can get more. Everybody will get more when the
• 26:08
  price is lower. And so if the price were to
• 26:10
  Skyrock because of all these institutions giving their name,
• 26:15
  slapping their name on this ETF for that and then you've got all
• 26:17
  these other people like well I guess I'd like to allocate some
• 26:20
  portion of my four O 1K to that they call their ring ring.
• 26:23
  Hey Mike Morgan Stanley my by this my person help me out.
• 26:27
  I'd like to get 5 percent, 10% whatever percentage.
• 26:31
  My son's been telling me about this all this time, and now I
• 26:33
  think it's finally a time I I get on board and get a piece of
• 26:35
  that action. Yeah, it would take me a little
• 26:37
  bit out of the out of these stocks, give me a little bit
• 26:39
  more out of those ETF's and give me some into into Bitcoin.
• 26:43
  If that were to happen then the price obviously is going to go
• 26:45
  up and that means that those people, whoever you are, all
• 26:49
  people included would be able to get less because right now what
• 26:52
  what is the, the, the, the, the Moscow time some like 33134
• 26:57
  hundred, that's per dollar. So I think it's 3400.
• 27:00
  If it double s, you get half as many sats for dollars.
• 27:03
  Like that's just. And if this is going to be the
• 27:06
  new money, then you want as much of that new money as possible.
• 27:10
  It's like having as many servers or something like with if the
• 27:13
  Internet, if you saw the writing on the wall and where the where
• 27:15
  the Internet was going, you would want to have as much money
• 27:20
  in the companies that were going to do the best and now that
• 27:23
  would be the best way to. To to benefit from the explosion
• 27:27
  of the Internet or or the chip manufacturers that are going to
• 27:30
  be best positioned to have all these server farms, you you want
• 27:33
  a piece of that ground floor and that's what Bitcoin represents
• 27:36
  right now. So as if you can get more tiles
• 27:39
  more pieces of this new layer that's going to everything is
• 27:43
  going to be built on, then yeah, you you want to keep that price
• 27:45
  as low as possible for as long as possible.
• 27:47
  I wish it would have stayed closer to 15 for a little bit
• 27:49
  longer, but whatever. Here we are.
• 27:52
  I mean it's it's definitely, I think I think a lot of us are
• 27:56
  feeling the same way that this bull market, this bear market,
• 27:59
  this crab market that we're in right now.
• 28:01
  I I think it's a crab market this next year or so.
• 28:06
  I think it's going to be one of the most important opportunities
• 28:09
  for for the average person out there to get a solid stack going
• 28:13
  right now. Because once these institutions
• 28:16
  do come into the market, it's going to be exponentially harder
• 28:19
  for the average person to become a whole pointer to get a good
• 28:22
  stack of Bitcoin. So right now is the time to not
• 28:25
  put your, you know, take your foot off the gas like the, as I
• 28:28
  say all the time, we're playing hungry hippo here and the only
• 28:31
  number that matters is how many Sats are under your control.
• 28:34
  Guys, this is the only number that matters at this point right
• 28:36
  now. Of course, stay humble, Stack
• 28:38
  sat, stay solvent, all the memes because you do not want to get
• 28:41
  wrecked moving into the bull market.
• 28:43
  But anyways, before we go on, we got to talk about the Bitcoin
• 28:47
  Magazine conference. If you are in Europe, the next
• 28:51
  one is in October 12th, 13th in Amsterdam, Bitcoin Amsterdam.
• 28:56
  Go check it out. You could use the promo code
• 28:58
  simply and get a discount. But hey, if you're not making it
• 29:02
  to Europe the next conference, and we're telling you this now
• 29:04
  because you guys always complain about the price rises, so get
• 29:07
  the Early Bird special for Bitcoin 2024 in Nashville July
• 29:11
  25th, 27th of next year. And again you can use the promo
• 29:15
  code simply and get a discount. Guys, we want to see you there
• 29:18
  if you are there. We won't be in Amsterdam this
• 29:21
  year. Maybe we'll get there next year.
• 29:23
  But say what's up, Go hang out at the Bitcoin mecca's it's all
• 29:27
  about meeting bitcoiners. If you haven't been, you
• 29:29
  definitely need to go. Anyways, let's get into the news
• 29:34
  cuz we got a lot to talk about the Daily News.
• 29:45
  Okay of course. Before I move on though, I do
• 29:49
  have to plug our boy Brian de Mint book Bitcoin evangelism and
• 29:56
  I'm I'm a huge evangelist. I I believe in the idea of
• 30:01
  spreading Bitcoin of basically and and don't take this the
• 30:03
  wrong way, but being like the religious guy that knocks on the
• 30:05
  door and tries to spread Bitcoin.
• 30:07
  So of course this is by our boy Brian de Mint, who is also part
• 30:12
  of Orange Pell App. And have you ever struggled to
• 30:15
  answer your skeptical No Corners friends?
• 30:17
  Well, get yourself the Bitcoin Evangelist book.
• 30:20
  It will help you. Do you have the perfect answers
• 30:22
  and yet people still think that you are an evangelist?
• 30:25
  Well, go and double down and get the Bitcoin evangelist.
• 30:29
  Is your boomer neighbor unconvinced about Bitcoin?
• 30:32
  Well, we got the answers for you here.
• 30:34
  Is your aunt worried about Bitcoin being the money of the
• 30:38
  Antichrist? Well, we got the answer for you
• 30:40
  here on Bitcoin Evangelist. Are you sick and tired of having
• 30:44
  these conversations with shitcoin scammers and casino
• 30:47
  goers? Well, get Bitcoin evangelist
• 30:49
  guys and spread and reverse the effects of all the
• 30:54
  miscommunication out there. Get people on the bright orange
• 30:56
  future. Go on Amazon or we even got the
• 30:59
  QR code right here for you guys and get yourself a book or or if
• 31:05
  you want to pay in Sats, hit up Brian Deman on the Orange Pell
• 31:08
  app and you can buy it directly from him.
• 31:11
  Anyways, guys, let's move forward.
• 31:14
  Of course the news for today, which I think might be one of
• 31:18
  some of the most interesting stuff, especially when you put
• 31:21
  it in the context of the separation of money and state.
• 31:25
  Of course PayPal is a private company.
• 31:29
  They can do what they want with their platform.
• 31:31
  By all means. We are free market maximists.
• 31:34
  We are capitalists. It's your company.
• 31:36
  You can do whatever you want with it.
• 31:37
  But the underlying message is very interesting and it's back
• 31:42
  to even what's going on with Gary Genzler and the ETF.
• 31:46
  It's just idea about regulatory clarity that people need
• 31:50
  regulatory clarity so that they can invest money.
• 31:52
  There's no rules to the road, bro, Like we don't know what to
• 31:55
  do as a bitcoiner, as a toxic Bitcoin maximist.
• 31:59
  It's very simple. There is Bitcoin and there is
• 32:02
  Shitcoin. What's the second best?
• 32:03
  There is no second best that the rules are very clear.
• 32:06
  Bitcoin has very clearly won in my opinion.
• 32:09
  And moving forward it's going to become even more clear that
• 32:11
  Bitcoin is winning. But in the meantime, companies
• 32:14
  are still afraid of what they should be doing, what they
• 32:17
  should be offering to their customers.
• 32:19
  And we have another example here.
• 32:20
  So PayPal, here's a headline from Coin Telegraph and it goes
• 32:23
  PayPal in UK to halt Bitcoin purchases until early 2024.
• 32:27
  So we're going to go over this article very quick and we're
• 32:31
  gonna explain why they are so concerned.
• 32:33
  Again, just just give your customers Bitcoin.
• 32:36
  It's so simple. Anyways, PayPal will temporarily
• 32:38
  halt crypto purchases in the United Kingdom starting from
• 32:42
  October 1st, 2023. So about a month and a half
• 32:46
  away, they will stop selling you Bitcoin and shit cone expecting
• 32:50
  to reenable the service in early 2024 Again, cryptocurrency
• 32:54
  friendly payments platform PayPal is making some crypto
• 32:57
  adjustments on its platform in the UK to comply with local
• 33:00
  financial regulations. They are temporarily pausing the
• 33:03
  ability for its UK customers to buy crypto currencies like
• 33:05
  Bitcoin as it works to comply with new regulations, PayPal
• 33:09
  told Coin Telegraph. PayPal customers who currently
• 33:12
  hold crypto can keep it on our platform at no charge and are
• 33:15
  also able to sell their currency at any time.
• 33:17
  Again, not your keys, not your Bitcoin.
• 33:20
  Do not leave whatever you have on PayPal longer than you need
• 33:25
  to, which is literally just once you buy and once you get a
• 33:27
  wallet that you can take Bitcoin into self custody.
• 33:29
  So even though they're saying it's all good bud, trust us bro.
• 33:32
  We will keep your Bitcoin and your shit coins safe bro.
• 33:35
  Do not trust them. We have seen too many examples
• 33:39
  for anyone that is serious with their money to leave it with
• 33:42
  these companies. And you know, they they may say
• 33:46
  they're good, they may say they're regulated, all that good
• 33:47
  stuff, just don't do it anyways. In an e-mail to select UK
• 33:50
  customers, PayPal said that it would temporarily halt
• 33:53
  cryptocurrency purchases in the UK starting from October 1st,
• 33:57
  2023, and we expect to reenable crypto purchases in early
• 34:00
  202524. PayPal said it had decided to
• 34:03
  take this measures in response to new rules enacted by the UK
• 34:06
  Financial Conduct Authority that require crypto firms to adopt
• 34:10
  some additional steps before clients can buy crypto
• 34:12
  currencies, and we've covered that on the show, but we will
• 34:15
  refresh you a little bit anyways.
• 34:17
  We have a screenshot here of the e-mail from PayPal and they go.
• 34:21
  We're pausing crypto purchases for a little bit.
• 34:23
  On October 1st, 2023, PayPal will temporarily pause the
• 34:27
  ability for UK customers to buy crypto on our platform.
• 34:30
  We expect to reenable crypto purchases in early 2024.
• 34:34
  Your crypto remains safe, though you can keep it on our platform
• 34:37
  at no charge. You can also sell your crypto at
• 34:39
  any time. We're taking this measure in
• 34:41
  response to new rules enacted by the FCA that requires crypto
• 34:45
  firms to register with the UK. We remain deeply committed to
• 34:50
  our compliance obligations, and PayPal consistently works
• 34:53
  closely with regulators around the world to adhere to
• 34:55
  applicable rules and regulations in the markets in which we
• 34:59
  operate. We apologize for inconveniences.
• 35:01
  Again, let's jump back in here for the rest of this article and
• 35:05
  it goes. You know, PayPal has been
• 35:06
  emergent as a major cryptocurrency friendly platform
• 35:09
  in recent years. Obviously PayPal has been one of
• 35:12
  the biggest payments platforms probably over the last decade.
• 35:16
  And you know, it was very, very interesting and somewhat
• 35:20
  exciting when they opened up their millions of customers to
• 35:23
  Bitcoin. Of course it was a little
• 35:25
  bittersweet when they allowed the shit coins to come out, but
• 35:29
  as you can see at the very end, and we'll cover this very
• 35:31
  quickly, the news comes soon after the FCFCA reported that
• 35:35
  only 13% of total 291 crypto license applicants have been
• 35:39
  registered with the authority since 2020.
• 35:42
  So again just to refresh you guys, the FCA Financial Conduct
• 35:46
  Authority in the UK basically said the same thing that Gary
• 35:50
  Gensler said in the States that you know, hey we're not against
• 35:54
  innovation, but you guys need to come in and apply and register
• 35:58
  your shit coin shit Coin Company with the state and we will make
• 36:03
  sure you guys got some rules of the road and that you guys are
• 36:05
  abiding all laws. And as you can see almost 300
• 36:10
  companies, crypto companies have applied for registration but
• 36:13
  only 38 were approved. So is this again part of the
• 36:18
  thread of state interfering with adoption?
• 36:23
  As I say all the time, governments can't innovate them
• 36:29
  themselves out of a box. So it's very interesting again
• 36:32
  that we're going to ask boomers to tell us what to do with
• 36:35
  technology. Of course we're not advocating
• 36:37
  for breaking of laws. This likes the likes, the likes,
• 36:39
  but it seems like Nico always says the sovereign individual is
• 36:43
  playing out. And if you want to stay in these
• 36:45
  jurisdictions where they are abusing their privilege, they're
• 36:50
  abusing their control. Again, unelected officials
• 36:54
  basically stopping innovation. This is where we're going to go.
• 36:58
  And you know, personally I find it interesting that there's so
• 37:02
  many companies out there and of course they got to play by the
• 37:05
  rules, they got to abide by the laws that where they're, where
• 37:08
  they're residing in. But it's interesting that
• 37:12
  everyone out there is very concerned about regulatory
• 37:17
  clarity. And again, as maybe it's just
• 37:20
  cuz I'm so far down the rabbit hole.
• 37:21
  I I see the world through the Bitcoin lens.
• 37:24
  It's becoming very clear that there's Bitcoin and there's
• 37:26
  Shitcoin. All the indicators are pointing
• 37:29
  towards Bitcoin being the only one that can not only safely and
• 37:34
  legally bypass all this regulatory overstepping, but
• 37:39
  it's the only one that is designed to from the jump.
• 37:42
  So is this one of those places this, these times where you know
• 37:48
  they're going to back away from from Bitcoin and Shitcoin for
• 37:51
  the customers or are they actually looking for the best or
• 37:54
  the betterment of their customers?
• 37:56
  I don't know personally, you know, I don't use PayPal.
• 38:00
  I'm, I'm not a fan of PayPal. We we've seen the amount of
• 38:04
  deplatforming that they have been involved in and of course
• 38:08
  you don't need PayPal to get Bitcoin.
• 38:11
  You can literally get Bitcoin peer-to-peer from someone you
• 38:13
  know you can get it non KYC, you can get it from other other
• 38:17
  companies. But I think the point or the
• 38:19
  thread here today is the fact that we are in the separation of
• 38:24
  money and state. And whether you agree with the
• 38:26
  Bitcoin ETF's, whether you agree with Paypal's, you know,
• 38:30
  endorsement of of shit coins or what have you, it's becoming
• 38:34
  very clear that people do want Bitcoin, people do want that
• 38:40
  exposure. And there is still a lot of
• 38:43
  confusion when it comes to what is the best thing to be doing,
• 38:47
  What should I be holding, Where should I go?
• 38:49
  And this is part of the ethos of simply Bitcoin is trying to
• 38:53
  spread that signal as far and wide as possible.
• 38:56
  Of course, whether you do it with memes, where you, whether
• 38:58
  you do it by sharing simply Bitcoin, whether you do it by
• 39:02
  just stacking yourself and being a prime example.
• 39:05
  As we move forward, it's going to become clear and clear that
• 39:07
  there is Bitcoin and there is Shitcoin, and all the regulatory
• 39:11
  clarity nonsense is going to probably be a way, a covert way
• 39:16
  for Shit Coiners to allow people to get exposure to them again.
• 39:21
  Hey, do what you want with your money.
• 39:23
  But it's just very interesting that we're seeing this trend on
• 39:26
  both sides of the pond, whether it's from the SEC, whether it's
• 39:30
  from the FCA. They need regulatory clarity
• 39:33
  because it's almost like everyone knows that shit coins
• 39:37
  are not the way to go moving forward.
• 39:39
  Anyways, Dale, what's your thoughts on all this?
• 39:42
  Do you care about PayPal? Do you think this is important?
• 39:45
  Do you think they're actually going to spin up Bitcoin and
• 39:48
  shit coins again? Like, what's your thoughts on
• 39:49
  all this? The last time I used PayPal was
• 39:54
  right a little bit before that that news came out.
• 39:56
  I think it was last year, maybe the year before where they were
• 40:00
  they, they were something in there like terms of service.
• 40:02
  It was all over the the news for a hot minute there that they
• 40:04
  could block your account or stop.
• 40:06
  Payments based off of like whatever they wanted.
• 40:10
  And so there's a lot of people that were a little bit more
• 40:15
  right leaning I suppose or more conservative minded that were
• 40:18
  not able to get their payments off.
• 40:20
  This just happened recently. I think it was a Bitcoin
• 40:22
  education company or something that wasn't able to get their
• 40:25
  donations that had been going into PayPal.
• 40:28
  They weren't able to withdraw to the bank account.
• 40:30
  That eventually got rectified, but that there's a company out
• 40:34
  there that can do these things with your money is is crazy.
• 40:37
  Like all they should be doing is offering the service and you
• 40:41
  know at the same time that they shouldn't do that.
• 40:44
  They are a private company so they can do whatever they want
• 40:47
  and it is the user, it's it's ultimately on the end user.
• 40:51
  So I said I'm not doing this anymore.
• 40:53
  I I don't want to interact with this company.
• 40:56
  And has it made things a little bit more difficult?
• 40:58
  There's been a couple times where I thought having PayPal
• 41:00
  would have been handy here, but it's never been a thing where
• 41:03
  it's like, Oh my God, I can't eat now because I don't have
• 41:06
  PayPal. It's never been a situation like
• 41:08
  that. And as far as this Bitcoin news
• 41:09
  goes, is this kind of like Amazon?
• 41:12
  If Amazon were to come out tomorrow and say, hey world,
• 41:15
  we're no longer selling Bibles on our platform, I don't give a
• 41:18
  shit. Who cares?
• 41:19
  There's there's Walmart, there's every bookstore that's out
• 41:22
  there. You can still get Bibles from a
• 41:25
  million places on the planet. It is the hands down best
• 41:29
  selling book that has ever existed throughout all time.
• 41:31
  So I'm not worried about PayPal, even if they are one of the
• 41:35
  largest online payment processors out there not selling
• 41:38
  Bitcoin or whatever. Like why were you using them to
• 41:40
  buy Bitcoin in the 1st place? I I get it that it's easy.
• 41:43
  A lot of people have it. OK fine.
• 41:45
  And if that's where you first got exposure, great.
• 41:48
  You should have. You should take your Bitcoin off
• 41:50
  of there immediately is any anytime.
• 41:52
  So okay. But at the end of the day who
• 41:58
  the hell cares? Like who okay?
• 42:00
  Like why are you using PayPal at all and what does it matter if
• 42:04
  they're buying or selling or whatever, Like get your coins
• 42:07
  off the exchange, whatever that exchange is having self custody
• 42:10
  and then you can sleep like a baby at night.
• 42:12
  So what I do if you're asleep plan does not include cold
• 42:17
  storage then you're doing something wrong.
• 42:18
  If you were going to sleep every night going like, I hope that's
• 42:21
  safe and I don't know if somebody's going to find that
• 42:24
  piece of paper that wrote it down and and where did I put
• 42:26
  that anyways? It's on a postit note.
• 42:28
  Like what I got somebody that I know recently had had done the
• 42:32
  the process to take their stuff into cold storage and he'd
• 42:34
  written his stuff down on on a postit note because he was going
• 42:37
  to transfer to something else and then forgot that he left
• 42:39
  that post a note out and he had some some work done or like it's
• 42:43
  some. Yeah, some guys were coming into
• 42:44
  like changes windows or something.
• 42:46
  And he said, I just realized like after that was all said and
• 42:49
  done that if any of those guys had known what that was, all
• 42:52
  they would have had to do is snap a picture on their phone
• 42:54
  and all of my Bitcoin would have been gone.
• 42:56
  Like, yeah, why did you do that? It's like, I don't know.
• 42:59
  I just, I forgot like how can you just forget when you've got
• 43:03
  who knows, even if it's 50 bucks, even if it's 50 bucks,
• 43:06
  it's just like leaving a $50.00 bill out on the table.
• 43:08
  Why would you do that? And I imagine, imagine a lot of
• 43:12
  people have a little bit more than 50 bucks tied up in
• 43:14
  Bitcoin. So don't leave that out where
• 43:16
  anybody can take a picture of it.
• 43:18
  But back to the PayPal thing. I don't care.
• 43:21
  I don't. Yeah, Bitcoin.
• 43:23
  Literally fixes this like yes of course.
• 43:26
  There will be layer three applications and this is
• 43:29
  probably one of those normie on ramps where like the average
• 43:32
  person that uses PayPal is like oh wait, wow, you know, I can
• 43:36
  buy Bitcoin and chicoins here, but it's like the same story
• 43:39
  over and over and over again. They'll give you Bitcoin
• 43:41
  exposure and then you know they'll rug pull you without you
• 43:45
  even knowing for some kind of whatever reason.
• 43:48
  And it just keeps happening. And This is why we tell you guys
• 43:50
  to always take Bitcoin in self custody.
• 43:52
  I know it's scary at first, but. You have to do this to protect
• 43:56
  yourself. This is what it's all about.
• 43:58
  Quit trusting these middle men with your money.
• 44:00
  Yes, you can, but know the risk and you can literally protect
• 44:05
  yourself by writing 12 words out.
• 44:07
  Like it's very simple once you get to it.
• 44:09
  And there's a question in here, Andrew.
• 44:12
  If it wasn't clear, he says I don't use PayPal UK.
• 44:15
  Do they allow withdrawal to your own wallet now?
• 44:18
  Yeah. In that announcement, it said
• 44:19
  that you can withdraw the coin. I think they came out a little
• 44:23
  while ago and and said that you can't withdraw to your own
• 44:26
  wallet, so at least they're taking baby steps to ensure the
• 44:29
  best practices. But again, I wouldn't buy from
• 44:33
  PayPal. I don't use PayPal, so
• 44:37
  everything we've seen the last couple of years from PayPal, the
• 44:40
  the amount of deep platforming, the the wrong think finds.
• 44:44
  If you are freedom minded, I am probably convinced that you're
• 44:47
  not using PayPal. But this is for the people out
• 44:49
  there that really are unaware of the risk and what's going on in
• 44:53
  the world and how nefarious things can turn very bad very
• 44:58
  quick. Anyways, let's get into the
• 45:00
  culture because I'm excited to hear Dallas Dallas rant today.
• 45:03
  This is going to be a good one. The Daily Culture.
• 45:10
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• 45:33
  Before I give Dale the floor, though.
• 45:37
  Make sure you get yourself a ticket to the Pacific Bitcoin
• 45:38
  Festival. October 5th through six in sunny
• 45:41
  LA is the best time to be over on the West Coast, and we're
• 45:45
  going to be there hanging out the hangar this year again.
• 45:48
  If you're if you're in Europe, maybe you can't make it to the
• 45:51
  West Coast. But if you're on the West Coast,
• 45:54
  you want to come hang out with us.
• 45:55
  Of course, some of your favorite bitcoiners are going to be
• 45:57
  talking. We're going to be hanging out.
• 45:59
  Hopefully they got the basketball court again, but get
• 46:01
  your tickets now guys, before the prices continue to rise.
• 46:05
  I'm sure they'll come up more. Right now, general admission is
• 46:07
  $600.00 VIP ticket is $2900, but you can get a discount if you
• 46:12
  use the promo code simply. Anyways, Dale, what you got for
• 46:17
  us over there, brother? Well, today I'm going to be
• 46:20
  talking a little bit about Taylor Swift and how we live in
• 46:24
  a time where people want goodness and I don't care if you
• 46:28
  like or dislike Taylor Swift's music, That's kind of irrelevant
• 46:31
  to this point. The point that I'm going to make
• 46:33
  here and I'm going to make as I read this, is that Taylor Swift
• 46:37
  is providing something that people are valuing.
• 46:40
  She's providing a clear representation of femininity.
• 46:44
  She's an excellent example. She's a good role model,
• 46:47
  everything that I've seen on her.
• 46:48
  I watched that Netflix documentary, Miss Americana.
• 46:51
  You might not agree with her on some of her politics, that's
• 46:53
  fine. But she's not doing anything
• 46:55
  that is egregiously provocative. She's not out there doing things
• 46:59
  that are horrible for her community.
• 47:02
  She's a she's a wholesome, good person.
• 47:04
  From everything that I've seen that.
• 47:06
  I'm sure that you can find some niche cases and point to this
• 47:08
  thing or that, but generally she goes out there.
• 47:11
  She plays music that millions of people enjoy.
• 47:13
  So I'm going to read some of the excerpts from this article of
• 47:15
  those posted on The Free Press. Swift boosted the nation's
• 47:19
  economy. The Philadelphia Federal Reserve
• 47:22
  credited the highest month of hotel revenue in the post COVID
• 47:26
  era to quote an influx of guests for the Taylor Swift concerts in
• 47:30
  the city, and her LA stint boosted the country's counties
• 47:34
  GDP by 320 million. That's hotels and restaurants
• 47:39
  and all that kind of stuff other world leaders have noticed.
• 47:42
  Preston Trudeau, I'm sure we're all big fans of that guy, took
• 47:44
  to Twitter to plead for Canadian dates.
• 47:47
  Her tour has been literally earthshaking.
• 47:50
  In Seattle, the tour produced a Swift quake, an earthquake of
• 47:53
  2.3 magnitude. The emotional gravity of the
• 47:56
  show is so intense that the BBC, Time magazine and NPR have all
• 48:00
  reported Swifty's experiencing errors.
• 48:02
  Amnesia. Well, we've all heard the cliche
• 48:05
  out of body experience that is literally what is happening on
• 48:09
  in stadiums across the country. And associate professor of
• 48:12
  psychology at sunny Albany explained the neurological
• 48:15
  response to Swift as essentially the equivalent of staving off a
• 48:18
  bear attack. Now this is the real standout
• 48:21
  thing to me. Here we are living in a culture
• 48:23
  hungry for movie stars because we hunger for common
• 48:27
  experiences. New York Times critic Wesley
• 48:30
  Morris declared in 2022 that we're out of movie stars and the
• 48:33
  SAG, after a strike, took out a few that we have left.
• 48:37
  The awe with which we used to regard the Audrey Hepburns and
• 48:39
  Marilyn Monroes of the world have been chopped off, chopped
• 48:43
  up into 15 second TikTok clips where we snack on an never
• 48:46
  ending supply of forgettable influencers.
• 48:49
  After the events of the last couple of years, people have
• 48:53
  seen the value of human connection.
• 48:56
  Earlier in the stream today, somebody posted that they're
• 48:58
  going to a Bitcoin meet up. If you have the option to go to
• 49:02
  a Bitcoin meet up. I highly, highly, highly
• 49:05
  encourage you to do it. If you have the Orange Bill app,
• 49:08
  find somebody that's in your area, even if it's one of the
• 49:10
  person. If you're the only other person,
• 49:11
  I feel for you. I get it.
• 49:13
  I I I can imagine what it's like to live in a small town.
• 49:16
  I I thankfully don't live in a small town multiple Bitcoin meet
• 49:19
  ups where I'm at but if you are there you can get on the orange
• 49:22
  but you can start reaching out to people even if they are 100
• 49:25
  miles away and you can talk to people.
• 49:26
  At the very least you can show up here each day on simply
• 49:29
  Bitcoin and chat with the people in in in in in chat for for an
• 49:32
  hour. But the point is, is that if if
• 49:36
  anything had left a question in your mind about oh does human
• 49:40
  experience matter? Could I go out and live in the
• 49:41
  woods by myself for five years and be the some hermit?
• 49:45
  Maybe. Maybe you could.
• 49:46
  But most people can't. Most people need human
• 49:48
  connection. And after the past couple of
• 49:51
  years, where we were literally locked away, in some cases for
• 49:54
  weeks at a time, and we weren't allowed to go out because of
• 49:57
  these draconian measures that were taken, we now have people
• 50:00
  that are doing the complete opposite.
• 50:02
  It's kind of this pendulum, Oh, you're locked away and now
• 50:05
  people are let out, or they're free and they feel comfortable
• 50:08
  to come out again and go to stadiums and they want to
• 50:11
  connect with people. One of the best ways to connect
• 50:14
  and build your community in the Bitcoin space is to go to these
• 50:18
  meetups, talk to people. And the most of the time that
• 50:21
  I've gone to the Bitcoin meetups, the conversations
• 50:23
  haven't been around Bitcoin. They they there is some chats
• 50:27
  and people kind of pair off or go in the little groups, Threes
• 50:30
  fours 5. And there are people asking
• 50:32
  questions because there are developers there and people that
• 50:34
  are working on this app. And so questions about
• 50:36
  specifically Bitcoin will get asked.
• 50:38
  But there's a lot of other conversations that are happening
• 50:40
  too. Popular culture type stuff, how
• 50:43
  to raise chickens, how to do farms that like there's all
• 50:46
  kinds of things that people are talking about at these Bitcoin
• 50:49
  meetups. The point that I that I really
• 50:52
  stood out to me is that people want, goodness, I'm going to
• 50:55
  play this little clip here. Let me get it queued up.
• 50:57
  I got to do a little thing here. But my wife and I watched the
• 51:01
  Lord of the Rings movies, the extended cuts, and I'll tell you
• 51:04
  right now, they hold up pretty damn well.
• 51:05
  And I'm going to be playing this clip here.
• 51:08
  Not going to play audio because there's music, but I'm going to
• 51:10
  read what Sam is saying in this clip.
• 51:14
  It's it's it's it's talking about exactly what I'm saying
• 51:16
  here about goodness and people needing goodness in in the in
• 51:19
  the world. So I'm going to read this quote
• 51:21
  as I play this clip. There's not going to be any
• 51:23
  sound because music in in YouTube.
• 51:26
  It's like the great stories, Mr. Frodo, the ones that really
• 51:30
  mattered, full of darkness and danger.
• 51:32
  They were. And sometimes you didn't want
• 51:34
  them. You didn't want to know the end,
• 51:36
  because how could the end be happy?
• 51:38
  How could we, the world, go back to the way it was when so much
• 51:41
  bad it happened? But in the end, it's only a
• 51:45
  passing thing, this shadow, even darkness must pass.
• 51:50
  A new day will come. And when the sun shines it will
• 51:52
  shine out the clearer. Those were the stories that
• 51:55
  stayed with you, That meant something, even if you were too
• 51:59
  small to understand why. But I think, Mr. Frodo, I do
• 52:02
  understand. I know now, folk in those
• 52:05
  stories had lots of chances of turning back.
• 52:07
  Only they didn't. They kept going because they
• 52:10
  were holding on to something. That that there is some good in
• 52:13
  this world and that it's worth, that it's worth fighting for.
• 52:17
  Kind of bumbled my way through that, but the message is the
• 52:20
  same. It's like we could see that.
• 52:23
  I mean, gosh, if you spend more than 5 minutes on Twitter, I
• 52:26
  guess depending on where you're looking on Twitter and maybe
• 52:28
  it's all sunshine and rainbows in certain corners of Twitter.
• 52:30
  But in Bitcoin, Twitter and the things that I follow can get
• 52:34
  pretty dark. You can hear about this
• 52:35
  politician and that thing and how this person's controlling.
• 52:39
  And boy, if if going down the Bitcoin rabbit hole has taught
• 52:43
  me anything, it's to keep your eyes open and question things.
• 52:46
  And I I don't know why X happened.
• 52:49
  I don't know why why happened. But what I am continually doing
• 52:55
  is remaining curious, keeping my eyes peeled.
• 52:57
  And I do have an eternal optimism.
• 53:00
  I do believe that there is a solution to every problem, and I
• 53:05
  do believe at the core of my being, that the solution to the
• 53:08
  monetary woes that ail the world is Bitcoin.
• 53:12
  And so once we have people like Taylor Swift get on stage and
• 53:15
  say, hey, this whole inflation thing, it's not my doing.
• 53:20
  I didn't cause this by the way. You should look into how money
• 53:22
  works, but you might want to get some Bitcoin.
• 53:26
  And when you have people around the world saying this pretty
• 53:29
  soon and because I think it's just a matter of time before
• 53:31
  before more and more people understand why prices are going
• 53:35
  up, it's not because the the evil corporation had to raise
• 53:39
  their prices. It's it's because the the
• 53:41
  purchasing power of your dollar is going down.
• 53:43
  The purchasing power of your pesos, the purchasing power of
• 53:46
  whatever your currency is, is going down.
• 53:49
  There's only one currency that I know of that is globally known
• 53:53
  that is a distributed Ledger. My blockchain that is out there
• 53:57
  that anybody can use if they take the time to understand it
• 54:00
  and the time to understand how Bitcoin works is being reduced
• 54:04
  every, every, every single day as more and more people come to
• 54:07
  understand it. And I think it'll be kind of
• 54:10
  like the Internet. I mean, people have made this,
• 54:11
  this connection 1000 times before, but I'm going to make it
• 54:14
  again. And in the early days we're
• 54:16
  like, why would I use the Internet?
• 54:17
  Well, it doesn't make sense. Why would I use this newfangled
• 54:20
  thing? I've got to go and get a
• 54:20
  computer and then I got to do this whole thing.
• 54:22
  And then I've got to get this wire and I've got to get, it's
• 54:25
  got to connect to my phone and maybe I got to pay more with my
• 54:28
  phone company because it's another line and I got to do
• 54:30
  this wacky thing and it makes it the sound and and all for what?
• 54:35
  So I can sit there and have this page and and load an image of a
• 54:40
  cat or something or, or read a news article.
• 54:42
  Like I can just go down to the street corner and grab a
• 54:44
  newspaper. Yeah, that was the early days.
• 54:47
  But now you can watch basically any movie that's ever existed
• 54:51
  aside from some, you know, niche things.
• 54:54
  But most movies are now online. You can watch many things at at
• 54:58
  2X speed. I can listen to books on tape at
• 55:01
  3X speed. I can listen to podcast at 2X
• 55:04
  speed. You can, you can, you can ingest
• 55:06
  so much information. Now because of the Internet and
• 55:10
  what that's enabled and being able to do these kinds of
• 55:13
  things, being able to transmit value, transmit our energy and
• 55:16
  time through cyberspace at the speed of thought basically is
• 55:21
  going. It's hard to imagine Natalie
• 55:24
  Brunel's got a podcast where where she's talking to a guy
• 55:27
  about a I, and I haven't watched it yet.
• 55:28
  But I really look forward to to sitting down with that one
• 55:30
  because there's a Andreas Antonopoulos talked about cars.
• 55:35
  I'm going to end here real quick.
• 55:36
  He talks about imagine a selfdriving car that's paid in
• 55:39
  Bitcoin, and it goes out in the world and it gets it can pay for
• 55:44
  its own repairs, It can do everything on its own.
• 55:47
  That sounds a lot like Sentients to me.
• 55:49
  That sounds like a sentient car that's going out there.
• 55:52
  It's caring for itself because it wants to continue its
• 55:56
  existence. Well, how much longer will it be
• 55:59
  before we have sentient everything, sentient fridges?
• 56:03
  And how much longer before all of these things, your toast to
• 56:06
  your fridge, your car, your everything that is has any sort
• 56:08
  of connection to the Internet, has some form of sentience?
• 56:11
  If you want to call it consciousness, fine.
• 56:13
  I don't know if we can go that far yet, but at least Sentients
• 56:16
  it understands that it is a thing that exists.
• 56:19
  It has some sort of longevity, and it will probably want to
• 56:22
  increase its longevity. Some people might go all super
• 56:25
  dystopian. Oh, that's when they turn us all
• 56:26
  into paper clips. Maybe.
• 56:28
  But maybe it will also understand that we are in its,
• 56:30
  in a sense, the cocoon that brought it into existence.
• 56:33
  And maybe if we can create some sort of symbiotic relationship
• 56:36
  and interact with these guys and help each other out, we can make
• 56:40
  the world a much better place. Unless you're living under rock,
• 56:43
  you saw how good the world can look and what the world could
• 56:48
  look like if we had superconductors.
• 56:49
  That LK 99 thing was all over the place and it was blowing up
• 56:53
  and that's how good the world could look.
• 56:55
  If if things like that happened and maybe maybe just maybe an A
• 57:00
  I will tell us how to build superconductors, that'd be
• 57:03
  pretty cool. Then we'd be living in Westworld
• 57:05
  like a I, not a I, but robot and and androids like right around
• 57:10
  the corner like I I want some robots around to hang out with
• 57:13
  and and go and do stuff and be able to take care of me and when
• 57:17
  I'm old and and frail and take me on adventures that's that
• 57:20
  sounds really cool. So, Taylor Swift, bring us to
• 57:24
  the promised land. Wow, my my sister is really
• 57:31
  going to love this one. I'm not, I'm not gonna lie.
• 57:34
  And and I thought we were going to go a different route of, you
• 57:36
  know, did Taylor Swift ever acknowledge that she causes
• 57:39
  inflation? It's like, no, no, I know, I
• 57:43
  know. We're we're just trolling at
• 57:45
  this point. But first, I do love the
• 57:47
  positive positivity. And I, and I can agree more,
• 57:50
  especially. As someone that has tuned out
• 57:54
  the corporate press and is doing his best to tune out a lot of
• 57:57
  stuff on on social media right now, it everything does seem so
• 58:00
  superficial in the world. And yes, I.
• 58:04
  You know, my sister would would probably troll me because I'd
• 58:06
  say Taylor Swift is kind of superficial and some people in
• 58:09
  the chat might agree with me. There is thirst for truth and I
• 58:12
  think this is uncontentious. I I think this is becoming a
• 58:16
  theme that all of us are seeing right now, that people are
• 58:19
  searching for something solid, people are searching for things
• 58:22
  with principles, and the pendulum is swinging towards
• 58:25
  truth, in my opinion. Maybe this is my confirmation
• 58:28
  bias, but it does seem like I have.
• 58:33
  Seen more and more people waking up to the truth.
• 58:36
  Maybe it's consciousness waking up.
• 58:38
  Maybe it's just the fact that, you know, the powers that be a
• 58:42
  push too hard and people are just searching, searching for
• 58:46
  alternatives. I don't know what it is, but it
• 58:48
  does seem like people are searching for truth and it's
• 58:53
  just beautiful to see. And you know, it really goes
• 58:56
  into what I say all the time. It's back to this idea of like
• 58:59
  just getting yourself fit mentally and physically and
• 59:01
  orienting yourself towards truth, orienting yourself and
• 59:04
  aligning with reality and your life gets better.
• 59:07
  And this is what Bitcoin does for you.
• 59:09
  A lot of people are lost in the sauce.
• 59:11
  A lot of people are lost in, you know, the superficial, the
• 59:15
  facades, the gossip. And there is thirst for truth in
• 59:21
  the world today. And whether you know Taylor
• 59:23
  Swift is that or not, I think the underlining message of.
• 59:28
  Just staying as positive and understanding that the world is
• 59:31
  going to get better and whatever that means to you I I think is
• 59:36
  part of the message of spreading what you think is awesome and
• 59:40
  exposing people to new ideas. And of course as a bitcoiner use
• 59:44
  popular culture so that we can use it as a as a jump off point
• 59:47
  to continue to orange pill. But it really is.
• 59:51
  Obvious to me that the controllers have lost control
• 59:55
  and it's just it's just more proof that you need to turn off
• 59:58
  the corporate press if you're still watching corporate press.
• 1:00:01
  Like I wish my parents would listen to me, but they won't.
• 1:00:03
  They they still watch the corporate press and it.
• 1:00:05
  I get so frustrated. But go outside, touch grass, you
• 1:00:09
  know connect with other bitcoiners, make sure your
• 1:00:12
  relationships in real life are getting stronger.
• 1:00:14
  Because as we saw in 2020 man, the amount of mental damage that
• 1:00:19
  that put on society I I think. We are still yet to see the
• 1:00:24
  fallout from that, and the world does seem like it's getting back
• 1:00:28
  to normal, but it still seems a little strange.
• 1:00:31
  And so, you know, for better or worse people, random people,
• 1:00:36
  normal people out there still look for their peers to kind of
• 1:00:39
  take risk. And hey, if a few more of these
• 1:00:41
  big celebrities out there, few people that are actually
• 1:00:44
  oriented towards truth embrace Bitcoin, then it's going to go
• 1:00:48
  rocket ship and you need to get on board.
• 1:00:51
  Anyways, let's get into the memes, guys, because everyone is
• 1:00:54
  already saying win memes, win memes.
• 1:00:57
  All right, here we are, guys. The Daily Meme Review.
• 1:01:04
  Brought to you by Kaboom Racks. I get this question all the
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  time. Nico, where should I buy Bitcoin
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• 1:01:29
  Oh yeah, wine wine's killing me in the chat.
• 1:01:34
  All right. Anyways, you guys know the deal.
• 1:01:37
  This is the meme review where you guys tag us on Twitter.
• 1:01:41
  Simply Bitcoin TV. Or you can tag my personal
• 1:01:43
  account at Optimist fields and I will get to your memes.
• 1:01:46
  Or tag me on strangers memes, Tag me on good Bitcoin memes.
• 1:01:50
  I will bring them on the show. Or you can drop them in our
• 1:01:53
  Telegram group T dot me slash. Simply Bitcoin.
• 1:01:56
  Of course. I think the message here today,
• 1:02:00
  considering Dell's bit, is spreading the truth, spreading
• 1:02:05
  the optimism, showing people there is light at the end of the
• 1:02:09
  tunnel and it's not an oncoming train.
• 1:02:11
  There is a bright orange future for all of us.
• 1:02:13
  It will take work. It will be an uphill battle.
• 1:02:16
  There will be a lot more propaganda machines that we will
• 1:02:20
  have to slay. But This is why we have truth on
• 1:02:23
  our side. And This is why the memes hit so
• 1:02:25
  hard. Tweet to the bullets.
• 1:02:26
  Memes are the artillery. Anyways enough enough of that
• 1:02:31
  because my boy wine and rope are yelling at me in the in the me
• 1:02:34
  in the chat and I even brought one of your memes up here so you
• 1:02:37
  guys are so ungrateful anyway. Anyway this 1st meme is beauty
• 1:02:42
  on at beauty on under score on Twitter.
• 1:02:45
  I know all you guys are tagged because you guys be posting
• 1:02:47
  stupid stuff on Twitter. So I brought this one up for you
• 1:02:49
  and he just goes all cabs Bitcoin and we got a Pepe the
• 1:02:52
  Frog and he's got this giant red pill and this person is scared
• 1:02:58
  trying to swallow the giant red pill and it goes Bitcoin.
• 1:03:01
  Red pill is a bit bigger than I imagine.
• 1:03:03
  I think this kind of relates to what Dell was saying once you go
• 1:03:08
  down the Bitcoin rabbit hole, once you realize Bitcoin only
• 1:03:11
  you realize how fake the world is and it really does connect to
• 1:03:16
  every aspect of the world. Hence why we always say fix the
• 1:03:19
  money, fix the world. You need to build on something
• 1:03:22
  solid because Fiat money is built on sand.
• 1:03:27
  As a Jimi Hendrix song goes, you know castle's made on sand.
• 1:03:30
  This is the way. Anyways, the next meeting is by
• 1:03:31
  Maxi's club and we got a bear here with a red candle and it
• 1:03:35
  goes, you can't say to the moon every day.
• 1:03:38
  And we got a Bitcoin over here and goes to the moon.
• 1:03:41
  Rocket ship, get on board. Yes I can, Yes I can.
• 1:03:45
  I can stay stupidly bullish longer than you can stay
• 1:03:47
  solvent. OK, let's go.
• 1:03:49
  This next meme is by the BTC therapist and he goes, we're
• 1:03:52
  getting closer rocket ship, get on hashtag BTC and we got
• 1:03:56
  Nicolas Cage here. And I forget what movie this is.
• 1:03:59
  It's only on air. Yeah, con air, great movie, love
• 1:04:02
  that movie. And he goes, you know when it's
• 1:04:05
  his mullet is flowing in the air and he finally tastes freedom.
• 1:04:09
  And it goes when you've been buying Bitcoin all bear market
• 1:04:11
  and the 100K God candle finally hits and you just got green
• 1:04:15
  candles here I would love to see 100K God candle.
• 1:04:18
  That would be I would lose my mind.
• 1:04:20
  I I don't even think I'd be able to survive.
• 1:04:22
  OK this next meme is by my boy Ropeium who's very ungrateful.
• 1:04:25
  In the chat he just goes hashtag Bitcoin.
• 1:04:28
  I actually had another one of your memes this morning Rope but
• 1:04:30
  you posted this one this one came in hot and I thought this
• 1:04:33
  one was fire and we got this demon.
• 1:04:35
  I I don't. Yeah.
• 1:04:36
  It's like a demon. Nice guy.
• 1:04:37
  That's a nice guy. Yeah, it's a nice guy.
• 1:04:39
  It's a demon with a smiley, nice guy mask on and he's got a neck,
• 1:04:46
  you know, like, what do you call one of those things?
• 1:04:49
  Scarf. Yeah, he's got a scarf that says
• 1:04:51
  VC Web 3 Crypto. And then he's got a couple more
• 1:04:55
  scarfs on his wrist. And that chain, he's got a
• 1:04:59
  chain, He's got a, you know? There's a lot going on here.
• 1:05:02
  There's a lot going on ropes going to give me crap because
• 1:05:05
  I'm butchering his meme. Anyways, on some of the covers
• 1:05:08
  here goes yield death, not a security liquidity.
• 1:05:11
  And he's got a chain on the new about here and he's giving him a
• 1:05:15
  shit coin in his hand while with his other hand he's taking money
• 1:05:18
  from his pockets. Again, I I ruined this one
• 1:05:22
  verbally. But This is why you come on
• 1:05:23
  YouTube so you can see the means for themselves.
• 1:05:26
  Tweets of the bullets, Memes of the artillery, This is why.
• 1:05:29
  OK, this next meme shouts out to empty under score banks on
• 1:05:31
  Twitter. Really felt this one.
• 1:05:33
  This one's, this one's a hard hitter right here.
• 1:05:37
  OK, so we got the classic meme here of the dad sitting with his
• 1:05:40
  children and the little girls on on the dad's lap and the little
• 1:05:44
  girl asked what did you do during the Bitcoin bear market
• 1:05:47
  of 2023? And the dad says.
• 1:05:50
  Unfortunately I argued about stupid shit on social media
• 1:05:53
  instead of building revenue streams and stacking more
• 1:05:55
  bitcoins. And the kid goes fucking loser.
• 1:06:00
  Let's go. OK, there's next meme.
• 1:06:03
  Sailor posted this, but it's actually by our boy 21 JCLP on
• 1:06:09
  Twitter. And he did like an AI, you know,
• 1:06:13
  Pixar picture of a kid with the Bitcoin backpack and he's going
• 1:06:18
  to outer space and there's the Bitcoin moon behind him.
• 1:06:21
  But I really like what Saylor put as the description and it
• 1:06:24
  really double s down on the last meme.
• 1:06:27
  It says, your kids will thank you guys.
• 1:06:28
  Your kids will thank you for stacking Bitcoin.
• 1:06:31
  Your future will thank you for stacking Bitcoin.
• 1:06:34
  This is the way. It's not about the instant
• 1:06:36
  gratification, it's about building and saving something
• 1:06:39
  for the future so that you can live a good life longer.
• 1:06:43
  Do not chase to get quick rich schemes that everyone is
• 1:06:46
  following on all the social medias.
• 1:06:49
  Bitcoin is not a get rich quick scheme.
• 1:06:50
  It's a not get slow scheme. And on that note, shouts out to
• 1:06:55
  my boy Fart Face 2000 on Twitter.
• 1:06:57
  Because we're doubling down on that message right here at the
• 1:07:00
  end. And he tweeted Stop dreaming and
• 1:07:03
  trying to hit the get rich quick home runs.
• 1:07:05
  Just work hard at whatever you know and stack sats the sooner
• 1:07:08
  the better. Hashtag Bitcoin And we got a the
• 1:07:11
  classic sweet Toshi meme here. Shout out the sweet toshi.
• 1:07:15
  He's been Mia for a while and this is an old meme, but
• 1:07:18
  sometimes you got to bring up some of the classes.
• 1:07:21
  He goes. Listen to me now and believe me
• 1:07:23
  later, kind of a flip on the don't trust, verify, but stop
• 1:07:27
  dreaming and trying to get rich quickly.
• 1:07:29
  Just stack Bitcoin, Work hard. Make sure your your cash flows
• 1:07:34
  are going up. Make sure you're providing value
• 1:07:36
  to your fellow man. Make sure you are saving in
• 1:07:39
  Bitcoin. This is the blueprint.
• 1:07:41
  It's a lot easier than it seems, but everyone likes to complicate
• 1:07:45
  things. But hey, you know how humans
• 1:07:47
  work. Anyways, My mean review score.
• 1:07:51
  Actually, yeah, yeah, we'll get to the meme review scores and
• 1:07:53
  then Dell has something that he wants to tell you guys.
• 1:07:55
  So drop your meme review score, wait in the chat that way, and
• 1:07:58
  we will cover them. My meme review score is this
• 1:08:02
  tape measure. It's actually broken.
• 1:08:07
  Though not it. Yeah, a half a broken tape
• 1:08:11
  measure. OK.
• 1:08:15
  All right. My meme review score is Dragon
• 1:08:18
  Shield sleeves. If you know, you know, I don't
• 1:08:21
  know, yeah. You're not nerdy enough.
• 1:08:25
  It's what you put. I guess not everybody's going to
• 1:08:27
  know so that everybody's going to know.
• 1:08:29
  But you said it if you know, you know.
• 1:08:31
  If you know, you know. That the sleeves that you put
• 1:08:33
  cards in. So this is just a blank sleeve.
• 1:08:35
  And then this is a sleeve with a Magic the Gathering card in it.
• 1:08:39
  You put it into to protect your cards when you play with them.
• 1:08:43
  Okay Okay. Like I I still don't get it.
• 1:08:47
  All right, all right. Anyways, as you guys drop your
• 1:08:49
  main review scores in the chat, Dell wants to announce something
• 1:08:53
  for you guys. Yeah, so last.
• 1:08:55
  Not last Wednesday, but the last time I was on the show, I said I
• 1:08:58
  was going to do a giveaway. It could be up to 1,000,000 Sats
• 1:09:01
  if, like lots of people followed me on Noster and reached out to
• 1:09:04
  me on Orangeville app. Not that many people did.
• 1:09:09
  There's about 16 people, so I'm going to do a random number roll
• 1:09:12
  here. I've got 16 people you can see
• 1:09:15
  here. I'm going to roll a number here.
• 1:09:17
  This is random. Boy, this is tiny, isn't it?
• 1:09:19
  Random number generator. You're seeing this live.
• 1:09:21
  So I've got one through 16. I'm going to roll this here,
• 1:09:25
  generate #3 #3 Bitcoin bath, whoever that is.
• 1:09:29
  I'm going to reach out to you on the Orange Pill app and ask for
• 1:09:33
  a lightning address and I'm going to send you 100,000 sets
• 1:09:36
  because you played. Yeah, wait.
• 1:09:39
  I think I'm. I think I might know Bitcoin
• 1:09:40
  bath. If if, I'm thinking if if I if
• 1:09:43
  I'm thinking clearly enough. I think that's a friend,
• 1:09:45
  actually. Let's go.
• 1:09:46
  Awesome, Awesome. Cool.
• 1:09:47
  All right, guys. Well, we did get some meme
• 1:09:49
  review scores in the chat, so let's go over them.
• 1:09:52
  Dell, make the music. No, no, no.
• 1:09:55
  You don't do it. All right.
• 1:09:56
  First one is by Daniel Raisin and he goes meme score.
• 1:10:00
  I give these memes a poorly timed See you next time.
• 1:10:03
  Love you by at the end of a business meeting.
• 1:10:06
  OK, this next one is by Elaine. Good morning, Elaine.
• 1:10:09
  She goes score the ETF stall while countries like Argentina
• 1:10:13
  wake up. Let's let millions of plebs wake
• 1:10:15
  up to and stack affordable Bitcoin.
• 1:10:18
  Yes, this is the way and everyone was saying in the chat
• 1:10:21
  as well, you know these ETF delays are good so that you can
• 1:10:24
  stack more Sats. This is the way Mclovin meme
• 1:10:27
  score 3 diamonds and some Wu Tang thrown up signs.
• 1:10:31
  Okay. Let's go Matthew, this isn't
• 1:10:34
  meme review score yet, but he says where do I get hats like
• 1:10:37
  that? So they sold out, but we will
• 1:10:40
  get you guys some soon. We are in the process of rolling
• 1:10:43
  out our store so that we can get you guys the merge that you
• 1:10:47
  guys. Can I tell him keep.
• 1:10:50
  Not yet. Not yet.
• 1:10:51
  Not yet. Not yet.
• 1:10:52
  Not yet. We're, we're close.
• 1:10:53
  We're close. Give us, give us, give us a
• 1:10:56
  couple of days guys, a couple of days.
• 1:10:57
  Let me ask you, I might be able to tell him because.
• 1:11:02
  All right, well, you can tell him tomorrow.
• 1:11:03
  Maybe. Maybe it's we're not we're not
• 1:11:05
  there yet we're we still got it we got some keys we're.
• 1:11:08
  Not, I think. I think what I'm saying is it's
• 1:11:10
  already live. What I was going to say it's
• 1:11:12
  already. It's already live.
• 1:11:15
  It's it's soft launch not supposed to be live.
• 1:11:19
  It's that there's Merch is coming, guys.
• 1:11:21
  Merch is coming down. They're ruining this run.
• 1:11:23
  OK, All right. Rave elevator.
• 1:11:25
  I scored the memes. The working 10 inch subwoofers I
• 1:11:29
  found in the dumpster. Sold for sats.
• 1:11:32
  OK, let's go rope. I score.
• 1:11:35
  Those memes win. Next BK BK episode.
• 1:11:38
  For fuck sake. For fuck sakes.
• 1:11:40
  Never. OK, let's.
• 1:11:44
  Yes. Dylan is OK.
• 1:11:45
  Why Nick is my score is the power of the wrench.
• 1:11:48
  OK. All right.
• 1:11:50
  He we got a $5 wrench. Attack in the chap.
• 1:11:53
  OK, Bushmaster meme score is worth fighting for.
• 1:11:57
  OK. Actually this is a
• 1:11:59
  familyfriendly show. Steve.
• 1:12:00
  Dre meme score. I give those memes a Boros ramp
• 1:12:06
  deck. I don't get that.
• 1:12:08
  Maybe Dell gets that. One, come on, get out of here
• 1:12:10
  with your red nonsense, Demir. All the way, my friend.
• 1:12:13
  All right. I don't know what they're.
• 1:12:16
  Talking about these eyes completely.
• 1:12:19
  All right, Kim, Games score is Al Pacino in front.
• 1:12:23
  Hey, all right, all right. Didn't read that one.
• 1:12:26
  OK, Justin Griffin, my meme score.
• 1:12:28
  My fully functional. Not broken.
• 1:12:30
  Take measures. OK, all right.
• 1:12:34
  Yeah. All right.
• 1:12:35
  Hey, you better meme score. All right, Matthew Ji scored the
• 1:12:38
  memes. They slammed dunk a Fiat through
• 1:12:40
  a basketball hoop made from toilet seat.
• 1:12:43
  OK, all right, OK, we're we're there.
• 1:12:46
  Wait, wait. No, we're there.
• 1:12:47
  No, we're there. No.
• 1:12:48
  We oh, here we go. Last one.
• 1:12:53
  Last one. Stamp seed goes meme score.
• 1:12:55
  Wishing the wrench was a hammer if you know you know.
• 1:12:59
  All right guys. Well this is fun.
• 1:13:02
  Dell and I I think we're starting to gel.
• 1:13:04
  We're having a lot more fun here on the show and well, Dell
• 1:13:07
  actually on that note what do you have?
• 1:13:09
  I'm. Not here enough.
• 1:13:10
  I know, I know. We get well, you're on the
• 1:13:12
  timeline. That's what we were going to
• 1:13:13
  talk about. What?
• 1:13:14
  What do you got working on what? What should the people expect
• 1:13:17
  out of you from the clips? I know you got some already
• 1:13:21
  locked and loaded coming out for them.
• 1:13:23
  Well, you've already seen two of them this week, I assume, right?
• 1:13:26
  You've watched them all. I did the one on kind of a deep
• 1:13:29
  dive on Odell's famous 4 words, Stay humble, Stack Sats.
• 1:13:33
  I did another one about taking a massive dump on shift.
• 1:13:38
  I mean it's not really shift. It's it's gold.
• 1:13:40
  And he's he's kind of synonymous when when gold is talked about.
• 1:13:43
  So I compare Bitcoin to gold. And then I've got the Taylor
• 1:13:49
  Swift 1 coming out. I think today or tomorrow I made
• 1:13:52
  old video on Wow, he's in love with Taylor Swift.
• 1:13:56
  Amazing, I got. OK, well, hey, there's a there's
• 1:14:04
  a there's a method to the madness.
• 1:14:05
  Anyways, Dale, appreciate you coming on today.
• 1:14:08
  I guess we will see you back on the live show in another, well,
• 1:14:12
  two weeks, two weeks from now actually.
• 1:14:14
  Maybe we'll get you to fill in before then as a guest if
• 1:14:16
  possible, but make sure to go check out the clips on the
• 1:14:21
  timeline. We're dropping all kinds of
• 1:14:22
  content, a lot of good stuff coming out from down Ruston.
• 1:14:26
  Anyways, appreciate you guys another show in the books.
• 1:14:34
  We appreciate you guys liking the show as well.
• 1:14:37
  We made it to another hundred like show before the 1st hour.
• 1:14:42
  So kudos to all you guys. We really appreciate it.
• 1:14:46
  We we we're really honored and humbled that you are loving what
• 1:14:51
  we're doing here and also that you're willing to give us a like
• 1:14:54
  and push us in the outgos. It means a lot to us.
• 1:14:56
  It's free, doesn't mean anything to you, but if you like the
• 1:15:00
  content like subscribe, share, don't just share, simply
• 1:15:03
  Bitcoin. Share all the Bitcoin only
• 1:15:05
  content out there. Because as you can tell, we are
• 1:15:08
  in the separation of money and state and we have to wake up our
• 1:15:11
  friends and family. But hey, let's try not to be so
• 1:15:14
  pushy all the time. You know, a little respect goes
• 1:15:16
  a long way. I know I'll get off my soapbox.
• 1:15:19
  Anyways, we'll be back tomorrow for our normal show actually.
• 1:15:22
  Actually, we are going to have an IRL tonight.
• 1:15:24
  I think you guys are going to like it.
• 1:15:27
  We're doubling down on decentralized social media, so
• 1:15:29
  go check that out tonight, 5:00 PM Eastern Time.
• 1:15:32
  Nico will be back. And of course we are ushering in
• 1:15:37
  the bright orange future. So love you guys.
• 1:15:39
  Appreciate you guys have a good rest of your day.
• 1:15:42
  Get outside, touch some grass, eat some good food, hang out
• 1:15:45
  with friends. The person you are arguing with
• 1:15:48
  on Twitter will be there when you come back.
• 1:15:50
  Until next time, guys. We appreciate you.
• 1:15:53
  Have a good day. Peace out, I'm a.