Latest / Simply Bitcoin / EDWARD SNOWDEN: BITCOIN IS A WORLD STARTING IDEA | Bitcoin Amsterdam 2023 | SIMPLY ORIGINALS

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EDWARD SNOWDEN: BITCOIN IS A WORLD STARTING IDEA | Bitcoin Amsterdam 2023 | SIMPLY ORIGINALS · Simply Bitcoin

• 0:00
  John, I've not known you long, but I love you already.
• 0:02
  But I have to say that it's it's disingenuous to claim that the
• 0:06
  biases they're exhibited on Fox News are any different from the
• 0:09
  biases exhibited on MSNBC. It's difficult to suggest that's
• 0:13
  that these corporations operate as anything other than
• 0:16
  mouthpieces for their affiliate owners in Black Rock and
• 0:19
  vanguard and and unless we start to embrace, and it also may like
• 0:24
  just spiritually if I may use that word in your great country.
• 0:28
  We have to take responsibility for our own perspective.
• 0:32
  I've been on that MSNBC, mate. It was propagandist nutcrackery.
• 0:37
  I went on the show called Morning Joe.
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  It was absurd the way they came. Good Morning, Joe.
• 0:41
  Yeah. I don't know what it was.
• 0:42
  It wasn't morning. There was no one called Joe
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  there. No one could concentrate.
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  They didn't understand the basic tenors of journalism.
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  No one was willing to stick up for genuine American heroes like
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  Edward Snowden. No one was willing to talk about
• 0:55
  Julian Assange and what he suffered trying to bring real
• 0:58
  journalism to the American people.
• 1:03
  What's up, guys? And welcome back.
• 1:04
  Today we're going to dive into a realm where technology meets
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  privacy, freedom, and a sprinkle of rebellion.
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  Because, hey, we're talking Bitcoin.
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  And who better to kind of navigate us through this digital
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  jungle than the master of privacy himself, Edward Snowden.
• 1:18
  And just this past week, Snowden was the star at Bitcoin
• 1:22
  Amsterdam, and he had a lot to say.
• 1:23
  So let's decrypt his insights and explore what he calls a
• 1:27
  peaceful revolution, hey? We get a lot to cover.
• 1:30
  Let's get it. Bitcoin has a privacy problem.
• 1:35
  Everybody knows it. And it's for many, as many years
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  as I've been giving these talks. Now it is still on fix.
• 1:43
  The world has a privacy problem. OK, so, so, So what do you do
• 1:48
  about it? You know, people in the room.
• 1:49
  Oh, you know, let me do a coin join.
• 1:52
  I'm going to erase this by by shuffling this round and I'll do
• 1:57
  200 levels of mix insurance or something like that.
• 1:59
  Cool. Yes, You know, I am proud of you
• 2:02
  for knowing that it's possible. But no, stop that.
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  That that's not what we're looking contorting yourself to
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  be able to fit, to pass through the keyholes of the tyranny that
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  is surrounding us, That's not the solution.
• 2:17
  The goal is not to, you know, wake up in the morning.
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  And be blessed with the perfect suite of knowledge and skills
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  that will allow you to dance through the Byzantine of hell.
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  The smartphones, you know, evil, invisible, perfidious network
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  traffic that is diming you out to everybody they can without
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  asking your permission, just in order to be able to interact
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  with society in in some approximation of safely right
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  you go. Oh well.
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  I've got VPNs and I've got these things that are they're blocking
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  this. I'm using ad blockers and I've
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  got a hardened browser and whatever, that's not the goal.
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  And it only benefits, you know, the the smallest minority
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  fraction. When we talked about, you know,
• 3:00
  the old case of Lenin and these people who were, you know, sort
• 3:03
  of putting their axe on the ground, it comes from the
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  collective. There has to be a mass, there
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  has to be enough people, and the more exclusively.
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  The more exclusive your community becomes because of the
• 3:16
  burden of knowledge that it requires to participate in it,
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  the smaller that collective will will necessarily be.
• 3:24
  And we need to recognize that the status quo of the world it
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  is whether it's the way sort of on chain privacy analysis is
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  happening and they're, you know, tracking cross chain transfers
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  and you see people tweeting this stuff out, but oh look, this
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  person moved this and that person moved that.
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  That's not normal. It's not acceptable, but it is
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  here. It's inside the room.
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  It's on your phone, it's in your pocket.
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  It's, you know, on the Wi-Fi. It's the cameras that watched
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  you walk into the venue that now have vehicle recognition and
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  person recognition baked into the algorithm it's on.
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  The chip doesn't even cost the manufacturer anything extra to
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  add in. They've just got to enable it in
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  the software. It is everywhere.
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  And the thing that I want you to take away from all that is that,
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  that acting in secret is not not freedom, right?
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  It's not the goal. It's not that we want to
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  liberate ourselves as the individual.
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  We want to liberate the the collective individual.
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  And accepting that it's normal for there to be processes out
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  there where you have to submit, you know a a notarized photo of
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  your paint, let's say, you know. You're on chain tame, maybe not
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  to your rulers in Manhattan. Be an automated form in order to
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  establish your identity or your proof of funds in order to be
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  permitted to spend your own money.
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  That's not freedom. The necessity of coin joins and
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  and and so on that is. Because you are unfree.
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  That is, you know, proof of funds, That is proof of
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  unfreedom. You know, Snowden hits the nail
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  on the head about the world's privacy problem.
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  But the world's privacy issue isn't a sinking ship just yet.
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  It's a call to action, though, and a shout to innovate and take
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  back control. And Bitcoin, it seems, is our
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  paddle in these stormy seas. You can create systems now that
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  are unknown and still function that can be decentralized.
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  They can be private by default. And that is powerful.
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  This is big stuff, but creating unknown systems, a realm free of
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  control and surveillance? It sounds utopian today, doesn't
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  it? But with Bitcoin, this utopia
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  seems within grasp. However, not all the glitters is
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  gold. The crypto market is buzzing
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  with the talk of ETFs. But is that what we really want?
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  Right now the reason everybody's getting excited about the price
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  is they're thinking about you know, ETFs or whatever.
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  We we don't really want that to be the thing that moves price,
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  even if if price is moving. Because that is a kind of
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  subordination that is a kind of subjugation that is a process of
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  taming that we see being played out.
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  All the allure of the ETFs. It is a tempting fruit for some,
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  but Snowden warns it's a step towards subjugation.
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  We know what they can do with rehypothecation and a move away
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  from the core essence of Bitcoin, which is self custody,
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  removing banks and intermediaries.
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  The idea isn't to emulate, but to innovate, to liberate when
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  you. Think about why everybody's so
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  excited about. The SEC, and it's more it's like
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  stable coins and everything like that is because there's a real
• 6:31
  demand for stable coins because you know they want to find a way
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  to offset volatility. And OK, if you want to engage in
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  that those sort of legacy systems, you can but but don't
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  try to emulate the dollar, deliberate seize it right, make
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  it unknown. Make it decentralized.
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  Make it private. None of the stable points that
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  exist right now that I'm aware of are are private by default.
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  There are some that at least don't have blacklisting or
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  whatever, as opposed to like a tether or a USDC.
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  But it's important to remember that that's not enough.
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  Just like Bitcoin, Bitcoin is enormously powerful, enormously
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  useful. That's as it is.
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  If we think about Bitcoin as how it was, there was a time when
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  everybody thought Bitcoin payments were private, right?
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  Just because there wasn't a name on the account.
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  And people are still, journalists are still out there
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  saying, oh, Bitcoin, you know, the anonymous digital currency
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  or whatever. We know it's not that level of
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  sophistication creeps up. The Ledger is always out there.
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  The ways that will be applied and exploited will only grow.
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  What about tomorrow? And yeah, all these people,
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  they're talking about stable coins, etcetera.
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  Speaking of liberation, a hot topic as Snowden points out,
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  stable coins have a long road ahead to embody the ethos of
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  decentralization and privacy. And it's not just about creating
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  some digital dollar counterpart. It's about crafting a currency
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  free from the shackles of control.
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  This is why there's Bitcoin and everything else we have.
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  Only two roads Freedom and Happiness or the grave?
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  When the system considers your life to be one of its primary
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  resources, a crucial move that is available to any collective
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  is to hold one's own life for ransom.
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  You need to push forth the question Are the concessions
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  that are being asked more easily endured?
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  Than the life, than the loss of life that withholding those
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  concessions would provoke not not only the loss of Labor
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  right, but the cost of extinguishing the intransigent
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  lives. This is effectively the root of
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  all minority power, all labor bargaining.
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  It will be harder to remove me than to live with me.
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  We're kind of drawing closer to this climax, or two paths are
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  clear. Freedom and happiness or this
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  dreary dystopian World Economic Forum?
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  And And the stakes are high and the time is ripe for action.
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  And our action, according to Snowden, starts with disengaging
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  from seeking validation or permission from these
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  traditional authorities and these failing institutions.
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  And we need to stop asking for permission for this.
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  All of the people who are tracking the price and looking
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  at the headlines and you know, going, oh, the SEC, the SEC, you
• 9:29
  know, Gary Gensler is not Daddy Bitcoin.
• 9:34
  I don't really care what he thinks, and I don't think you
• 9:37
  should either. And yeah, Gary Gensler isn't the
• 9:40
  gatekeeper of Bitcoin's potential.
• 9:41
  We are. The community is, and as the
• 9:43
  saying goes, power to the people.
• 9:46
  But how do we harness this power?
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  How do we respond to the tightening noose around creative
• 9:50
  and financial freedom? Our space is being cut off.
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  The space for invention, space for creation, space for
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  transaction has been narrowed and it's continuing to be
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  narrowed. And at what point do we respond?
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  At what point do they see our response?
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  At what point did they stop marching off our developers to
• 10:13
  prison? And at which point do we start
• 10:18
  taking their authorities away? Because that is what Bitcoin set
• 10:22
  out to do. You know, if you remember the
• 10:24
  genesis block and what was behind it, we see the risk of
• 10:29
  bank failures growing. As the certain rate of bond
• 10:34
  losses freezes, we're about to have another moment of systemic
• 10:40
  unease, and I don't think the pitch that we are offering to
• 10:48
  the world is ready for it. But it could be, it should be
• 10:53
  and it can be. While Fidelity and BlackRock are
• 10:57
  definitely bullish developments, don't rely on BlackRock or
• 11:00
  Fidelity to custody your own generational wealth.
• 11:03
  Self custody is the revolution and simply Bitcoin originals are
• 11:06
  powered by the Bitcoin way. They are your IT team in the
• 11:09
  Bitcoin world. They can help you with the
• 11:11
  journey. If you need help with wallets
• 11:12
  and nodes, inheritance planning, no KYC purchases, how to buy
• 11:15
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• 11:18
  multi sig, and more, they got you covered.
• 11:21
  Schedule a free 30 minute call today using that link Below we
• 11:24
  say it. All the time, Bitcoin is more
• 11:26
  than just a digital currency. It's a statement, a resistance
• 11:29
  against control, a step towards taking back what's ours, what's
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  yours, our privacy, our freedom. And with every step, we inch
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  closer towards the system where the power is distributed and not
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  hoarded. And so we're here today,
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  gathered in this room with the world ending behind us.
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  But if we're lucky, we have an idea right now.
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  And you have ones that nobody's heard of that could be world
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  starving. So let's get to it.
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  Thank you very much. World starting ideas.
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  They're not just the relics of bygone era.
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  They're here and in this digital Bitcoin renaissance.
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  They're waiting to be discovered, nurtured and let
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  loose upon the world. It's not just about facing the
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  storm, it's about becoming the storm.
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  So as Snowden said, let's get to it.
• 12:20
  Man, Snowden always gets me fired up.
• 12:22
  But guys like share, subscribe, SPREAD.
• 12:25
  The sound money gospel and make sure you got those notifications
• 12:28
  set because we are dropping content every day and make sure
• 12:30
  you're following us on Twitter. We're dropping the latest news
• 12:33
  on the daily, keeping you up to date with the peaceful Bitcoin
• 12:37
  revolution. And I don't know if you cut it
• 12:39
  the last couple days, but there was kind of some major big news.
• 12:42
  We got Joe Rogan, he's on Team Bitcoin.
• 12:44
  And then Fidelity just said there is no second best.
• 12:46
  So you know, I guess you could say things are getting pretty
• 12:49
  serious. Hey, hope you had a great
• 12:51
  weekend. Let's go whoop some ass this
• 12:54
  week. Let's get after it.
• 12:55
  Cheers to the bright orange future.
• 12:57
  I'll catch you guys later. Peace.