Latest / Simply Bitcoin / QuadrigaCX Owner Alive? "Inaccessible" Bitcoin Moved | EP 643

Transcript

QuadrigaCX Owner Alive? "Inaccessible" Bitcoin Moved | EP 643 · Simply Bitcoin

0:17
Yo, welcome to Simply Bitcoin live.
0:19
Today is December 21st. 2022. We are your number one source
0:23
for the peaceful Bitcoin Revolution because the breaking
0:26
news culture. Me, Matic Warfare.
0:27
We will be your guide through the separation of money and stay
0:31
today's going to be a very special show.
0:34
So I don't know if you guys remember but there is this
0:36
Canadian exchange that the owner that mean yeah the owner
0:41
basically died on a trip to India and then he was the only
0:45
one that had access to those private.
0:47
Ivett keys. Well, it looks like some of that
0:49
Bitcoin moved. So, what's going on there?
0:53
Another lesson, of course, not your keys, not your Bitcoin, you
0:56
never know what the custodians of your Bitcoin or doing behind
1:00
the scenes. Of course, ft x is an example of
1:02
that Celsius and is an example of that Gemini earn as well,
1:07
right? So so many examples, not your
1:09
keys, not your Bitcoin, it's going to be a great show.
1:12
The person who's going to be anchoring the show though today,
1:14
because I do have to run a have a meeting is The legendary
1:18
Optimist Fields. He's gonna do a great job, like
1:20
always. And of course we have a new
1:23
member of Simply Bitcoin. We have birds are not real, also
1:27
known as Paul. He's going to be doing the video
1:31
essays for simply Bitcoin. You guys are going to be seeing
1:33
a lot more of those in 2023. And we have a very, very, very
1:38
special guest which I only let Opti.
1:41
And Paul know about, literally about five minutes before the
1:46
show started. To add a little bit of chaos
1:48
because chaos makes great entertainment and good.
1:51
TBH, we have the host of between to A6, if you guys haven't
1:55
already seen it, it's an up-and-coming Bitcoin show.
1:59
It's on a lot of people's Radars, and it's absolutely
2:02
hilarious. He's done episodes with BTC
2:04
sessions and Peter McCormack, do you guys remember Between Two
2:08
Ferns with Zach Galifianakis? Can't pronounce his last name,
2:11
but you guys know who I'm talking about.
2:13
It's like that. But instead of ferns it's in
2:16
between, You a six. Absolutely awesome Opti.
2:19
What are we going to cover doing during the culture segment
2:21
today? Well, as you guys know
2:25
yesterday, I was lost in the Matrix today.
2:27
I have taken over my parents kitchen as you can see in the
2:30
background. Hopefully the internet works
2:32
good. And then of course, in the
2:34
culture, I'm going to touch on a theme that I've been kind of
2:37
covering a lot on the culture and in the spaces and it's the
2:41
best way to Orange Peel people and gauging your audience and so
2:47
so shout out the Darth coin. He gave me this cool guide.
2:49
We're going to cover it a little bit and then connect it with
2:51
some stuff that I saw on Twitter and also something that we
2:55
dropped on our subject. So I think I think this is going
2:58
to help people out there at least clearly think about how
3:03
and whether you are wasting your time.
3:06
Orange filling the wrong person. It's gonna be a great show.
3:11
I'm super hyped. Love you all see you tomorrow
3:14
opt he's gonna take over. Let's get two numbers.
3:16
Let's do this. The Bitcoin members brought to
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server. Visit nottle, Dottie you today,
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All right, boys and girls. We are doing the numbers and of
3:50
course I don't have Niko's certain numbers, but we're going
3:53
to do my numbers. It's still the same numbers.
3:56
The numbers don't change because you can verify them for
3:58
yourself, but we are using Clark Woody's dashboard and of course,
4:02
we're at block height up, 760 8380 and the current Moscow time
4:07
AKA SATs per dollar is 5950. You can still get thousands of
4:13
SATs for your dollar with Means a current bitcoin price is
4:17
around 16,000 806, according to Clarke Moody's dashboard.
4:21
And then, of course, I've said this in the past and I will
4:24
always say this. I think this might be one of my
4:26
favorite numbers percentage of Bitcoin issued at ninety one
4:29
point six one percent. It's amazing how Bitcoin has
4:33
been distributed and it is 91% Unleashed into the world.
4:39
And then this number, man, I remember when Bitcoins market
4:42
capitalization was touching a trillion dollar market cap, And
4:45
right now, we're still man. It's been a rough bear Market.
4:48
We're at three hundred. Twenty three point, three
4:50
billion dollars. It's going to get their guys.
4:53
Number will go up and the next one actually correction.
4:57
I think this might be my favorite number.
4:59
The realize monetary inflation. Taking Fiat currencies to
5:02
school. Like Nico says all the time at
5:04
one point seven, six percent and the Bitcoin a gold market cap is
5:08
that two point six seven percent.
5:10
So if people out there, don't think they're early we still
5:13
have so much room to grow in the Bitcoin space.
5:15
Ace once Bitcoin takes over the gold market cap.
5:18
We still have way more room to grow from there.
5:21
This is just the beginning and then we got the lightning total
5:24
capacity within which is that 5143 .37 Bitcoin, which is in
5:30
dollar term, the eighty six point four million.
5:33
And then the hash rate for the last 90 days is that 250 4 .6 x,
5:37
a hashes per second and this last one, I remember Nika,
5:41
always puts this one. Excuse me, the reachable.
5:43
Bitcoin nodes, shouts out Someone who keeps messaging me
5:47
on Twitter, apparently Clark Moody might have the wrong
5:51
numbers but according to Clarke Moody at that 14900 and to the
5:56
numbers I haven't fully verified this but there's a lot more out
5:59
there. I will verify this for you guys
6:01
and we will give you guys that pure information.
6:06
Alright guys so you know this is a numbers and I saw I saw this
6:11
debate going around. It was George Gammon and Michael
6:15
sailor. Her.
6:16
And I've only seen some of the clips but this is something that
6:19
we talk about all the time on this show and you know Alex
6:23
gladstein had the perfect meme when he says that the first
6:26
world, the Western world, most of our friends, I would guess
6:31
need to check their financial privilege.
6:33
And if if something we've seen happen in 2022 is signal to what
6:39
is going to happen in the world. It is the fact that adoption in
6:44
third world countries, Going to catapult not only their
6:48
countries but the individuals of these countries into a
6:51
prosperous future and right now, I know all of us are here.
6:56
We get the, we get the fun all the time.
6:59
That bitcoiners are just out here speculating for my Fiat
7:02
gains, but there's people around the world that need Bitcoin
7:05
today that that are using Bitcoin to escape
7:09
hyperinflation, Fiat currencies around the world and they're
7:13
also using it for censorship. Resistant aspects today.
7:17
This is not just how we look at it in the western world where
7:20
we, you know, for lack of better terms, we really don't need it
7:24
quote unquote. That's how people will say you
7:26
know our our currencies aren't hyper inflating yet but we
7:30
understand the properties of Bitcoin and we will be the
7:33
pioneers of Bitcoin and we are the ones I sharing in Bitcoin
7:36
for the future for the bright orange future.
7:38
So I got this clip, it's a two-minute clip.
7:41
It is George Gammon and Michael sailor talking about this very
7:44
thing that in the Certain world we do have Financial privilege
7:48
but there's people today that are using Bitcoin as intended
7:51
and this signal is continuously spreading around the world and
7:56
it will continue to spread around the world.
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Have we seen in 2022? It's the end of the year.
8:00
And I think we've seen. We've seen huge huge adoption in
8:04
third world countries and it's just so beautiful to see as a
8:07
bit corner. It's no longer just Theory, it
8:10
is actually happening and we can see it happen in real time.
8:13
So enough talk let's get into this clip.
8:15
Whoop. fission rate or the the inflation rate of the patient
8:20
versus the dollar is about 21 to 24 percent per year, 20 years
8:25
running, okay? Which means that whereas in the
8:30
u.s. we've been cutting the value of your money and half
8:34
every decade and Argentina. They're cutting the value of the
8:38
money in half or the currency in half every three to four years
8:42
right now. You want the blood-curdling
8:45
statistic, right? Which is that's a 24 percent
8:48
loss per year, against the dollar and the dollar seven
8:52
percent against scarce assets. So that means you're losing 31%
8:57
of your purchasing power a year, if you buy into Fiat currencies,
9:04
if you're if you're unlucky enough to be one of four billion
9:06
people in a weak currency environment like Venezuela or
9:10
Argentina. You're pretty much getting
9:12
destroyed every 36 months and if you're lucky enough to be in the
9:16
u.s. you're just getting destroyed every ten years and so
9:21
that leaves us with the question of well, what's the solution?
9:25
Okay. And And George to be clear.
9:28
I agree that this is a probabilistic assessment when
9:33
you live in the US and you have to choose between gold SP and
9:38
X's real estate in Florida and other derivatives and other
9:43
contracts and Apple stock. It's a probabilistic thing and
9:47
you got to have a portfolio of you, but the interest rate in
9:50
Argentina right now is 49 percent overnight.
9:54
And the official inflation rate is probably 60 and The
9:58
Unofficial inflation rate is 80. And so you have a different view
10:03
toward probabilistic risk, when the ship is sinking and you're
10:08
about to lose everything in 36 months.
10:10
So, so I would say with regard to bitcoin, Bitcoin is an
10:14
interesting. Nice to have an intellectual
10:17
discussion for people in Western Europe and the US in the
10:21
developed world with a strong currency losing seven percent of
10:24
its value. You're a year but Bitcoin
10:26
represents a life raft. To the billions of people in Sri
10:30
Lanka and Lebanon and turkey and Argentina and Venezuela not
10:37
Absolutely, love that clip guys. And the reason I picked this one
10:41
is because I think this is a message that more people need to
10:44
hear especially my friends and family that, you know, do have
10:47
Financial privilege. They do not understand how first
10:50
of all money works, let alone how Fiat currencies work.
10:53
And when I first heard that, that statistic of N and sailors,
10:58
not the first one to point this out that in the Western World,
11:01
you know, we have that Fiat privilege, we have the quote
11:05
unquote. Bility of the dollar and even
11:08
that we lose half of our value in a decade.
11:12
So like, we are continuously losing value.
11:14
And most people are going or in their lives and they don't even
11:17
understand that they can't save and Fiat currencies.
11:20
So, I think that this is a message that we cannot repeat
11:23
enough, but furthermore, to our point that in other countries
11:27
people are using Bitcoin today to escape hyperinflation so that
11:32
they do not lose value. A sailor said, 36 months like in
11:35
three years, Is you are getting your currencies cut in half?
11:38
Like this is absolutely insane that the fiat currency is the
11:42
status quo and Bitcoin is the life raft.
11:44
This is what we tell you guys every single day, if there's an
11:47
exit door, people will use it and people are using it today.
11:51
I've said it in the past and shout out to my friend, Alex,
11:54
because he kind of accepted this idea like hyper Bitcoin ization
11:57
can happen today. If you only interact with
11:59
bitcoiners, if you use Bitcoin to buy the products that you
12:03
want or furthermore, if you're in a third world country and you
12:06
need Escape hyperinflationary regimes.
12:08
If you are in a place that doesn't want you to save money,
12:12
you know, use the censorship resistant.
12:15
Fu money aspect of Bitcoin. Today, you do not have to wait
12:18
for the future. It is happening in real time.
12:22
Anyways, Paul, how you doing? Good sir, Jump Right In.
12:25
What's your thoughts on this clip?
12:27
What's your thoughts on what I said?
12:28
I'm doing great, I agree with everything you said on that
12:31
clip, I agree with everything Seiler said, I watched the
12:34
whole, the whole. Wait what?
12:39
This is personally something that I'm very passionate about
12:42
that. I think drew me to bitcoin
12:44
Beyond like the gains when I first bought in 2017 and I'm
12:47
like, oh I can make some Fiat money, as I was looking at, how
12:51
would change the financial landscape.
12:53
And as I was looking at how it would Empower people, who were
12:56
traditionally under empowered, or you know, disenfranchised,
13:00
that's what really struck a chord with me.
13:03
And this is something I talked about in the video where we're
13:05
talking In about eating insects and, you know, the world food
13:11
market, one thing sailor didn't mention his trade, so there's a
13:16
lot of friction to trade. If you don't trade in the US
13:18
dollar, the Euro, or one or the Yen, or one of the other top
13:22
currencies. If you're in Somalia, if you're
13:25
in Zimbabwe, if you're in Russia at the Kern point, it's really
13:31
hard to conduct trade in your local currency without a lot of
13:34
friction government restrictions.
13:36
Nations and then Pizza flow of goods, it stifles the free
13:40
market and stifling the free market always hurts.
13:43
The people at the bottom, it always does.
13:45
They always take. They always take the shit end of
13:47
the stick. I'm excited about financial
13:51
sovereignty from hyperinflation. I'm also excited about people in
13:55
the developing World, being able to conduct free trade with a
13:59
currency. That can't be manipulated
14:01
restricted sanctioned or Just confiscated by the government.
14:09
Yeah, absolutely love it. Absolutely agree.
14:12
Tatum turn up. What's your thoughts on the
14:14
video and have you experienced the same this same push back
14:19
from your friends and family? Yeah, um Bitcoin.
14:24
I mean, it's an onion, and I like Paul said, I came for
14:30
number, go up, and I have a degree in finance, and it's
14:38
actually part of the reason that I got so into Bitcoin, because I
14:42
started seeing how, so it's fixing all of these problems I
14:46
learned about 44 years, and it's kind of ridiculous.
14:52
When you look at it, look at Like how you have people are
14:56
still trading and and trying to find the next big pump and dump.
15:01
If you're doing that, by the way, screw you but then you also
15:06
have people who are using it today for goods and services
15:11
because they need to because it's easier.
15:15
It's in, like I was talking to Preston pish about how like I
15:22
used. Stir.
15:23
And we were just messing around and I was just seeing how quick
15:27
can I get some Bitcoin from anyone?
15:30
And I posted a lightning and voice, 4,000 SATs, no one had to
15:35
approve shit. No one.
15:37
I didn't even know who sent it to me, but I was like, hey, who
15:40
wants to pay this under 30 seconds?
15:42
I got instant settled thousand SATs.
15:44
I'm like this. If that doesn't show you like
15:47
why it Bitcoin could be trading at a penny it for all it
15:52
matters. If you're able to do that right
15:55
there, like that's that your, you got it.
15:58
And it's like, I don't need that.
16:02
But there is plenty of people across the world that do need
16:05
that. And I reading through, Alex's,
16:10
check your financial privilege, especially in that, just the
16:13
opening just like, seeing what is wrong with other Fiat
16:18
currencies. Because a lot of us have such a
16:20
small mindset and perspective, Of like, and I'm guilty of it,
16:25
too. Like I just see US dollar but
16:28
like, there's so many other currencies that are just getting
16:31
completely wrecked because of corruption because inflation and
16:36
I mean, Bitcoin is the same across the world.
16:38
So I could go on for hours, but I will stop there.
16:43
All right, we'll just agree more.
16:44
I'll just add onto that. If anyone watching hasn't read,
16:47
check your financial privilege. Go read it easier to read it.
16:50
The greatest is probably one of the The best Bitcoin books that
16:55
I've seen that's passed like what Bitcoin is and more of
17:00
like, how it's currently helping people and how it's also going
17:04
to help likely you in the future.
17:07
Let's go. Yes.
17:08
These are the messages that I think more people, especially,
17:12
of course, in the first world, Western World need to hear.
17:14
It's like, look guys. I know, we are so used to a
17:18
stable current, so you but not everyone has that and Not
17:23
everyone is as privileged as us when they're in this position.
17:27
And this is why Bitcoin is what it is.
17:29
And I know that most people don't understand what Bitcoin is
17:32
and then this is why we all do what we do to try to spread that
17:35
message far and why. Alright guys, so we are going to
17:39
jump right into the culture and it's kind of going to touch on
17:41
what Tatum talked about right now as well.
17:43
So, let's get into this culture and we will do the Dew.
17:50
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mission, boys and girls. And of course, This has also
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brought to you guys by bit block, boom.
18:22
We will be in Austin August 24th 25th 26 and 27 of next year.
18:28
2023 for B Block, boom, Nico. And I literally met for the
18:32
first time in person a bit block, boom.
18:34
We've already has obviously been on the internet talking, but
18:37
this is not a shit coin and if t or blockchain event, you only
18:40
talk about Bitcoin. You only hang out with
18:42
bitcoiners and it's just more Bitcoin.
18:45
Highly recommend that you go to B Block, boom, if you haven't
18:48
been to any conference, Yet. This is one of the best out
18:51
there because it's small and it's nothing but bitcoiners the
18:54
most toxic of toxic bitcoiners will be there and these are the
18:58
places that you want to go. I say it all the time, hanging
19:00
out with bitcoiners and and just rubbing shoulders with
19:03
bitcoiners. Consistently literally changes
19:06
your mind anyways, on to today's culture.
19:09
So, you guys know me I've been coming on the show and doing my
19:13
best to try to explain people. Not only that I am trying to
19:18
iterate on this. Message and get Bitcoin as far
19:21
and wide as possible. But sometimes I sit here and I
19:25
bemoan about how difficult it is to orange pill people and I
19:29
forget exactly what I said on the show but something I said on
19:32
Monday Darth coin, hit me in our simply Bitcoin telegram group T
19:36
dot me slash simply Bitcoin and he wrote this down in a telegram
19:41
post and I told him yo, bro, put this on your sub stack and I
19:45
will cover it on the show. So getting into it first.
19:49
And foremost shouts out the Darth coin, bit, coin guides, go
19:52
check out his sub stack, Darth coin, dotsub stack.com and he's
19:56
got all kinds of awesome guides out there.
19:58
He's doing a wonderful job on the mission spreading that
20:02
Bitcoin signal. So this one was the one that I
20:06
told him to put up there and it's for who is writing guides
20:10
Darth coin. And so some people have asked
20:12
why Darth is riding Bitcoin guides and here's the answer he
20:16
dedicates it to a few of our friends, TK and Nick.
20:19
Co and and myself as well and you can see, he's always got the
20:24
these Bitcoin Darth Vader beams in here.
20:27
But anyway, each one of us bitcoiners that wants to
20:30
onboard. Somebody must know first, who he
20:32
is talking with each situation. Must be treated in a particular
20:35
way, you have to know how to present big going to other
20:38
people. And don't just jump into showing
20:39
technical analysis, price growing prices of BTC on
20:43
exchanges and bullshit. Crap, like that.
20:45
Remember what I say all the time I'm pretty sure I've said it on
20:48
the show. I know I said all the time in
20:51
the spaces I took this saying from How to Win Friends and
20:54
Influence is and its bait the hook for the fish.
20:57
You're trying to catch and this isn't inferring to the idea what
21:01
shit Corners do and it's just straight up lying, it is
21:04
understanding. What is going to get someone
21:06
involved in Bitcoin? What is going to win over their
21:09
hearts and minds and then angle it in that direction?
21:12
You know, someone's out there talking about, like I can't make
21:16
money, you know, it's hard for me to save inflation.
21:19
You know, the cost of living is going up.
21:21
Then you hit him with the 21 million, a hard cap.
21:23
If people are talking about freedom of speech and to
21:26
platforming, then you hit him with the censorship resistant
21:28
aspects of Bitcoin. There's always, or if he's a
21:30
coder, you can talk about the software aspect.
21:32
Like there's so many angles of Bitcoin and Bitcoin is something
21:36
different to everyone else, but you got to understand who you're
21:39
talking about and I really like this framing that doth coin.
21:42
Gave me. And here are the categories that
21:44
he's been using for the last 10 years to onboard people and just
21:48
like have Framework of looking at people and trying to
21:51
understand exactly how he should hit people.
21:54
Whether that person is on the edge, about the get orange cone,
21:57
or whether he is wasting their time.
21:59
And he just said, Tell, She's them.
22:00
If you don't get it, I don't have time to convince you,
22:02
sorry. Anyways, the first one, this is
22:05
the first category, the totally clueless Normie, but with some
22:08
brains, they're easy to onboard, you tell them the right things
22:11
they want to hear about Bitcoin, and they will get on bitcoin,
22:15
you always know them better before you start preaching, so
22:17
you can find the right spot. Not where they will get it.
22:20
These are the vast majority of people and is where Bitcoin is
22:23
should focus to educate them. And this was this category, you
22:26
need more preparedness from your side, you need to know them.
22:29
You got to be intimate with them, and also from their side.
22:32
Like, you got to be able to listen to people.
22:34
Definitely listen to the person. You're talking about, never
22:36
start with the technicalities, with this category, you would
22:39
lose them right away. I know you've experienced this,
22:42
you tell people the Bitcoin facts and there I start glazing
22:45
over and they're asking all kinds of different questions and
22:48
you're just like Trying to beat him over the head with the truth
22:51
and you never get that message. You have this conversation for
22:54
five times but then really getting frustrated.
22:56
But it's again, what we try to sell the time, you're in the
22:59
battle for the hearts and minds of the masses and bait.
23:02
The hook for the person you're talking about, everyone will get
23:05
on bitcoin when they are ready. But some people are more ready
23:08
than others. Next category is the pre Corners
23:11
they heard about Bitcoin from other sources but they're quite
23:13
clueless how to start and to do excetera.
23:16
They need the most help, they need good education.
23:19
And they need you hand-holding. So, start slowly with Bitcoin
23:21
Basics, how to open a wallet, how to store the seed, how to
23:24
self custody? You had to buy and acquire some
23:26
Bitcoin. And again, there's all kinds of
23:29
resources out there to get these people on, but you know who they
23:32
are. And the third is the haters.
23:34
Those are the experts in economy.
23:36
And 100% state. Is that believe only in central
23:38
banks and governments never ever say a word to those clock.
23:42
Kamal. Not going to make it, this is,
23:44
you know, and it Corners we definitely have compassion.
23:47
We definitely want to help people.
23:49
Ooh, but we understand that some people are very stubborn, some
23:52
people know it all and these people you're better off, just
23:55
letting them feel the pain, letting them put their hand on
23:59
the stove and they will come back to you in time.
24:01
These are the people that you guys can mean these are the
24:03
people that you have fun with that.
24:05
You you know just hit him with the Bitcoin meme.
24:07
So that they will remember the day when you that toxic Bitcoin
24:10
or told them about Bitcoin and then when it doesn't die,
24:13
they'll be oh, yeah. Remember he was talking about
24:16
and then the next time you see him They will either run in
24:19
shame or they will humble themselves and ask you for your
24:23
advice fourth, the coolest shit Corner.
24:26
Those that were scam because of their ignorance and not having a
24:28
base knowledge and they but they want to repent and want to come
24:31
to the light, which is Bitcoin. These need help and guidance,
24:34
but you do have limited patience with these people.
24:36
So if they do not fully repent, or try to go back to shit,
24:40
Corners that's claim says, I just like them.
24:43
We've all experienced this point, you know, some people are
24:46
quick to forget their problems. Oblems their mistakes and they
24:49
go right back to it and these are the people that you might
24:52
have to tell more than once and you might just have to drop the
24:54
Satoshi quote on them. If you don't get it, I'm sorry,
24:57
I don't have the time to convince you again.
25:00
You do not have to do anything, you do not want to do
25:03
personally, but we are all on the mission to try to help
25:05
people. We are all trying to get more
25:07
bitcoiners into The Fray because the more bitcoiners we have the
25:10
better we are off trying to avoid the war with the monetary
25:15
demons out there. And then number five the Maxi
25:17
shit corner. And he just says don't waste
25:19
your time of these people. They know it all.
25:21
They're the Smart Ones. They're the as the team goes
25:25
intellectual yet idiots and they will just have to put their hand
25:28
on the stove and it is what it is.
25:30
You can't help everyone. But we do our best to get
25:33
everyone on board. So, these five categories, these
25:36
are just a way for you to think about the people, you are orange
25:39
pedaling, but I also saw this thread.
25:41
Shout out the ha and it's on the same point.
25:44
Like you ever wonder, why trying to explain persuade or convince
25:47
people about Bitcoin. Why is it so challenging?
25:50
And I really like this framing since because you are the
25:52
counterparty risk and he mentions a mechanic you know
25:55
mechanic tells you what is wrong?
25:56
You generally accept it is because you know he knows a lot
25:59
about cars but when people hear you talk about Bitcoin, you know
26:05
most people already believe they understand what money is they,
26:09
you know, they have a vacuum that there's no need to
26:12
understand there's a space and avoid in their brains because
26:15
they already know everything. And these are the people that
26:18
Are dealing with most people have not taken the time to
26:21
evaluate money because as we said in the numbers they have
26:25
that Financial privilege especially where I'm from in the
26:27
Western World. Everyone is so used to a
26:30
stable-ish semi stable currency, that they don't question it
26:34
because we have the strong dollar.
26:36
The dollar has been dominant for so long and they're still able
26:39
to save in it so to speak. They don't have the
26:42
hyperinflation of third world countries and so they think they
26:45
are safe. So when you talk about Bitcoin
26:48
it, Collides with their existing frame of the world and you are
26:52
the counterparty risk because essentially what you're telling
26:54
them is like everything you've known is wrong.
26:56
You got to trust me bro. Like hear the truth and the
26:58
facts. And so as he had this meeting
27:01
right here, is because you said, so, you got to be kidding.
27:04
This is the, the feeling that most people have.
27:07
And so how do we overcome this? And it's by planting a seed of
27:10
Doubt, by asking them the right questions by getting them to
27:13
look at your point of view and your worldview, because it
27:16
really is one. Real version X and it starts
27:20
with just asking the right questions and we drop this on
27:22
our sub stack. Shout-out to our Riders.
27:25
This is orange, peel the world with healthy skepticism.
27:27
You need to sow the seeds of Doubt into people's minds
27:30
because at one time you believed in the Fiat system and then
27:33
someone planted a seed and it bloomed into the whole rabbit
27:37
hole that you've gone down. So, again, the way to do this,
27:42
first and foremost is by planting the right seeds, you
27:45
got to ask the right questions because most people Are not
27:48
fully ready to unplug yet. They are just, you know, on the
27:52
surface they might know. Something's wrong
27:54
subconsciously, understand something's wrong.
27:56
But if you ask the right questions, you so the right
27:58
seeds of Doubt every no corner you interact with will have
28:02
fertile soil and ready for planting.
28:04
You just need to select the right tool, sometimes it's
28:07
ridicule, sometimes it's a funny and a joke sometimes it hitting
28:10
people with the facts and sometimes it hitting people with
28:14
the right questions, but there's another message.
28:18
There's a, there's another, there's another aspect and this
28:22
might be one of the best ways you just need to get Bitcoin
28:26
into their hands. Show them how to download a
28:29
wallet. Show them how to take their
28:30
private seeds but send them SATs.
28:33
Make them send you sad. Spend sad take their wallet into
28:37
self, custody their Bitcoin, in the stuff, custody very quickly.
28:40
I've explained to you guys the whole story.
28:43
I maybe it was in spaces where we were in Santa Monica and are
28:47
Uber Driver was just getting the idea.
28:51
He understood freedom of speech, money.
28:53
And we got him a moon while it within five minutes, he
28:55
understood. Wow, Bitcoin is amazing, and
28:59
this is how we will orange pill more people and get them on the
29:01
mission. Anyways, I've been ranting Paul.
29:04
What is your thoughts on this? And then we'll get Tatum spots
29:07
on. That's, yeah.
29:08
I've been thinking about this a lot and I know we talked about
29:11
this a little bit last night off the end.
29:13
There, there's nothing harder than changing a fundamental
29:16
belief, you know, this, If you've ever tried to change,
29:19
someone's politics, if you come at them and you're like, you're
29:23
wrong and here are 15 facts, that show that your worldview is
29:26
wrong. All you're going to get is
29:28
resistance. That's the wrong way to do it.
29:29
I feel like bitcoiners for a long time have been taking that
29:33
path. We've been going at what is
29:34
Money, Man, and trying to explain this whole like
29:38
phd-level subject in one big burst of Paradigm destroying
29:47
information. And that shit is just not going
29:49
to work. I like the seed metaphor.
29:53
How I see this is your plan is seated something big like an oak
29:58
tree, but you're doing it on the sidewalk, you know, you're not
30:02
doing in a fertile field where you can just place it wherever
30:04
you want. So, what a lot of those, a lot
30:09
of those bits of information told me.
30:11
And what I've been trying to do is find that crack find that
30:15
crack in the sidewalk where you can plant the seed, find the
30:17
place with Already a little bit primed and where they have some
30:21
of the Notions or the skepticism, the healthy
30:24
skepticism, that might lead them to becoming fully orange pill
30:29
and start there. And if you plant the seed there,
30:32
their whole world review will open up.
30:34
And no. Because this happened to me, I
30:36
think you have to do all of us. You just got to find that crack
30:40
man. Just got to find it and let them
30:43
where they are. Someone's gonna someone's going
30:45
to quote you out of context. Please still Tatum.
30:52
Yeah, you are on the same Mission as us as a content
30:55
creator. You're out here doing the same
30:57
exact thing. So, what's your thoughts on
30:59
this? Yeah.
31:02
It's it's a different like Orange.
31:08
Killing people is also an onion and itself.
31:12
You have to figure out where you're at the point of
31:16
diminishing returns, um, because like I'm known as the Bitcoin
31:21
guy amongst my friends. None of them are real, like
31:24
bitcoiners and so when I see some people that they'll ask me
31:29
about, you know, how's the price doing?
31:31
That's the first question and they're like, how much should I
31:35
buy? And I'm like, okay, well, All
31:38
right, I think like you want to know but then you start talking
31:42
more and it's like, okay, I don't think they're really in
31:45
it. But I mean, you gotta just look
31:49
at it's a good good point that Darth coin made.
31:53
You got to look at who you're talking to inform your approach
31:56
that way. And at some point, you know, you
32:00
might have to you, you might have to like, save your own time
32:05
and just if you don't believe me or don't, Get it.
32:07
I don't have time like because it's not really you can't you
32:11
can't force someone at the end of the day as much as we all
32:14
want to. Like I want everyone that I love
32:17
and care about to be as hardcore of a bitcoiners.
32:19
I am. But you know that that's just
32:23
not probable at least yet, but you can plant that seed and let
32:28
let them know like why you do what you do, why you believe
32:31
what you believe and let them come around.
32:34
If it's if it's really tough like let him come around when
32:37
Ready? Because I the saying goes
32:40
everyone gets into Bitcoin at the price they deserve or
32:43
something like that. And I don't necessarily think
32:47
that that's completely inaccurate.
32:50
Like I mean if you if you wait until it's a hundred thousand
32:54
dollars and now you're like okay maybe I should have been
32:58
stacking a little earlier, I mean at the end of the day
33:02
you're still there. You're where you need to be but
33:06
just try to You know, maximize your time and efforts where
33:11
they're able to be, you know, you can you can your friends can
33:16
reap the benefits of what you're you're planting.
33:18
And I actually just had a friend who DM me after I think it was,
33:24
I think it was right after FTX happen.
33:27
Just DM me and said, congrats you made me into a Bitcoin Maxie
33:30
I was like, yes. Alright, that's worth it.
33:32
All right there. So keep trucking but don't don't
33:37
Your time where you know it's not it's not going anywhere.
33:41
Yeah we all have limited bandwidth.
33:44
You know, do what you can but at a certain point you got to
33:47
understand that some people are just not ready to unplug.
33:50
And and it is what it is. And as as bitcoiners, I know on
33:53
Twitter, you know, people do say that we try to force people's
33:57
behaviors and we're just like, man, we're just loud, cheer
34:00
leaders, trying to explain to people to opt into this free.
34:04
Monetary inclusive and Equitable system.
34:07
So that everyone is on an equal playing field.
34:10
Anyways, Paul, we're putting you to the Wolves.
34:14
Let's get into the news. The Daily News brought to you by
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34:56
So let's jump into the news here and I'm going to warn you in
34:59
advance. We got to go a little bit back
35:00
in history here. But I promise, we're going to
35:03
bring it back to current events in order to fully understand
35:06
what's going on here how it relates to Bitcoin today, how it
35:10
relates to exchanges, and how it should inform your behavior as
35:14
to how you treat Bitcoin in this, you know, current
35:18
Financial State. We need to know a little bit
35:20
more about this man. Gerald cotton, Gerald cotton was
35:25
Was one of the early innovators in Canada, from an exchange
35:30
perspective. So he created this exchange
35:32
called a quadriga CTX. One of the topics changes in
35:38
Canada Very, very popular, if you're in there.
35:43
I honestly hadn't heard much about it since, you know, wasn't
35:47
in my wasn't in my country, wasn't on my radar.
35:51
It does have been digging more into it.
35:52
I've seen a lot of parallels to other things that are going on
35:54
in the current day, Gerald started quadriga in 2013, and it
36:01
actually grew to be the largest Bitcoin exchange in the country
36:07
largely by Nature when he started.
36:09
So it's Barry. Early on he started it with an
36:11
early business partner Incorporated, the quadriga corn
36:14
exchange or quadriga CX it was the first Bitcoin trading
36:19
platform to hold a Money Services business.
36:22
License from thin track Canada's anti-money laundering Authority
36:26
and I just kind of want to set the stage for you guys.
36:29
This was 2013. So we have a couple of options
36:34
if you're just looking from a u.s. perspective, we had Mount
36:37
gox, most people know the story. story of my own gox, the try the
36:43
spectacular fall that I exchange went through as 70% of the
36:48
global crypto currency exchanges in the world at that time in the
36:53
u.s., we also had some sort of even sketch here options in
36:55
that. So I opted, you know, anything
37:00
about bitinstant. Have you ever heard of that?
37:03
This this predates me. So this was not my why I bet I
37:06
think I vaguely remember it. But this is definitely before my
37:10
time. Okay.
37:11
Well, let me just set the stage for you for how this works.
37:13
How you bought Bitcoin if it wasn't on Mount Gotham like,
37:16
2013-2014, so you placed an order on bitinstant, you went to
37:23
your local CVS. You picked up this red telephone
37:28
here and contacted a MoneyGram associate.
37:31
You told them you were trying to pay zipzap And how much you were
37:37
trying to pay them, they gave you a confirmation, you took it
37:42
to the CVS. Cashier, in this case, this,
37:45
this is from back in the day, this person gave him 100 $33.95
37:50
And then your transaction was complete.
37:53
So I mean, just to normies this was a super, super sketch
37:58
situation. Honestly, I probably wouldn't
38:04
have done this without some reservations back in the day.
38:08
This is why there was not much like push back early on because
38:11
who wants to, let's do this. Exactly.
38:15
And it means the Fiat monetary system that was closing off the
38:19
rails. That's why with Mount cocks, you
38:21
had to send a year to send a wire to Japan which was really
38:25
difficult in order to complete your transaction.
38:27
It was really hard to buy, Bitcoin is the long and short of
38:30
it. And quadriga came at it with a
38:32
different angle. So this is their original site
38:35
pulled from the Wayback machine here.
38:37
You can see it looks very professional for a 2014's
38:42
talking about the no funding or withdrawal.
38:45
Fees, instant funding. You can pay online or in the
38:50
office, you Bank wires Western Union, talking about the trading
38:54
fees, and the trading they offer.
38:56
But here's the interesting part in Cryptid, Cold Storage
38:59
two-factor, Keishon collaborative security with
39:02
cloudflare, this looked really good compared to the options
39:06
that were out there. So they became a really popular
39:09
Exchange. In fact, if we, if we go back to
39:15
what they were doing after Mountain talks collapsed, so
39:18
collapse. So in about six weeks, after
39:20
quadriga launched Mount gox, abruptly suspended operations,
39:25
claiming that the hackers and stolen all this money shortly
39:29
after a year later. Does largest exchange also not
39:32
since closure claiming hackers the second larger largest
39:35
exchange vaults of Satoshi close the same week.
39:39
So, from the perspective there, this, if you bought into that
39:44
Fiat, mindset of, I need a custodian.
39:46
This was the place to buy your Bitcoin in Canada.
39:50
So what were wrong here? Well essentially cotton was
39:55
running a Ponzi scheme so let me know if any of this sounds
39:59
familiar to you, whenever people put it their money into the
40:02
exchange, he sort of used it like his personal slush fund.
40:08
People were bringing duffel bags of cash to Cotton's home that he
40:12
shared with Robertson, his wife at the time and Robertson didn't
40:17
think to question what was going on.
40:22
The year after Robertson met cotton value of crypto currency
40:27
plummeted. And as quadriga customers trust
40:29
remove their money from The Exchange, there were a long way
40:32
to access the funds. It didn't take a long time for
40:35
withdraws to become greater than quadriga as Prophets.
40:39
So I'm going to play you a short video now just to show you
40:43
exactly what was going on here and how this Ponzi scheme folded
40:49
because I am seeing so many parallels to what we're going
40:54
through with exchanges. That shall not be named right
40:58
now. This is crashing in 2018
41:02
investors became suspicious when their money was slow to withdraw
41:06
with almost no regulatory oversight.
41:08
The illusion of quadriga as a stable, liquid company began to
41:13
unravel, then a devastating turn cotton died suddenly while on a
41:19
trip to India complications with crohn's disease and because he
41:23
was running the whole operation from his encrypted laptop, it
41:27
meant the money was gone. One man, had the keys.
41:31
To hundreds of millions of dollars and they like the CEO of
41:35
a bank dies. And then you learn later that
41:37
he's the only one that had access to the money and nobody
41:40
else can get it. And not only that, but then,
41:43
when you take a closer look, you realize that he actually spent
41:46
most of it and gambled it away. So this guy was not only, not
41:54
only using customer funds to to perpetrate this Ponzi, but he
41:58
was also the the only person who had access to any of the actual
42:03
funds that they had, this is This is like the highest level
42:12
fraud that one could perpetrate at that point in time.
42:16
With those sorts of resources. It's shocking in the parallels
42:19
to what we're seeing today. What we're seeing from, you
42:23
know, Sam Venkman Freed at FTX and Alameda are really hard to
42:29
ignore. So, let's dig a little bit
42:31
deeper into what was happening with this so we can just fully
42:34
understand Give me a second here.
42:37
Well, I get it up. So Vancouver.
42:42
Sorry, there we are. I think your base quadriga is
42:44
late. Founder committed fraud by
42:46
opening accounts under aliases and crediting himself with
42:49
fictitious currency, crypto asset balances, which he traded
42:53
with unsuspecting clients cotton, the osc says that's
42:56
their the regulatory agency ran into shortfalls and assets
43:02
available to satisfy client withdraws.
43:04
When the price of crypto assets change.
43:06
He started running a Ponzi scheme That would cover the
43:09
shortfall with other clients deposits and just so everyone
43:12
remembers a Ponzi scheme is basically where you pay a new
43:14
investors with the investment of old investors as long as people
43:18
keep investing. Everything's good.
43:20
When everything falls down, everything goes to hell.
43:23
Quad really. Did not consider its business to
43:26
involve Securities trading and did not register with any
43:29
Securities. Regulator the lack of
43:31
Regulation. Facilitate facilitated Cotton's
43:34
ability to commit large-scale fraud without detection.
43:38
Okay, ancient history. Cool right?
43:42
How does this affect us today? And this is where we get to some
43:49
of the new info. So as of yesterday, it was
43:52
reported that these Bitcoin that were locked in a wallet that
43:56
everyone thought were inaccessible a gift to the
43:58
network started to move. In fact, if we look here we see
44:04
that's nearly 70. BTC were sent to wasps to Wasabi
44:08
wallet and coin. Join in.
44:10
Let's go directly to the Tweet here.
44:13
This is Zach X BT 5 wallets that were attributed to quadriga.
44:18
CTX unexpectedly moved, 104 Bitcoin.
44:23
And sixty nine of those were sent to Wasabi on December 17th.
44:28
All the receipts are here, all the transactions are here.
44:31
All of the identification of these wallets is here and I love
44:37
Jameson's blob Jameson lops comments here.
44:40
It's alive. So we could speculate all day on
44:46
exactly what's happening here and how these coins were we're
44:50
able to move. Did this guy who said he died of
44:53
Crohn's disease in India? Not actually die faked.
44:56
His own death. Did his widow have access to it
44:59
and is now taking advantage of the situation?
45:01
Did he have an unnamed accomplice who is taking over
45:05
news, taking over and taking the opportunity to monetize his
45:09
assets? Was he hacked?
45:12
I mean, in the end doesn't really matter.
45:14
Something really devious happened here because people are
45:18
trusting the Fiat mentality. People are trusting.
45:22
This this old-school Fiat custodian system when they
45:27
should be trusting their own self sovereignty.
45:31
They should be trusting themselves to keep to keep these
45:34
assets and we'll get in that little bit more.
45:37
But I wanted to draw the parallel here to see Sam Venkman
45:41
free. So you probably heard about
45:43
house and Banking and freed had this pain.
45:44
In house it was filled with it looked like a dorm after
45:48
students left for to break. The dishwasher was full towels
45:52
will pile of and laundry room Halloween party, decorations up.
45:55
If we go back to the reporting that was happening about
46:00
quadratic at that time. Same thing kind of a shady
46:04
operation, looked a little Hollow, kind of a outside the
46:08
business Norms, you know, had that sort of Zuckerberg with a
46:10
hoodie body, like everyone sort of understood everyone thought.
46:14
Oh, maybe, He was he was just this this trendy this trendy,
46:18
you know, Tech mine. But obviously this didn't turn
46:23
out for say embankment freed. So Sam bank has we know Sam Bank
46:30
manfried committed, one of the largest largest financial frauds
46:34
in history here. Sorry, I was on the wrong one
46:39
here, Federal right? Regulators say that just a month
46:42
after founding a txa embankment free.
46:44
And unbeknownst to all. But a small circle of insiders
46:47
was leveraging. Customer assets, sounds really
46:50
familiar, specifically customers customers personal deposits or
46:55
Alameda Zone bets. And banquet freed was at the
46:59
heart of it and the driver of one of the biggest Financial
47:03
frauds in American history. The cycle keeps repeating
47:09
itself. We keep trusting.
47:11
These people who aren't worthy of our trust do we don't need
47:16
because we're in this Legacy mindset, we think, oh, we have
47:21
to do things that we have to keep our stocks on an exchange.
47:24
We have to trust our Banker to keep things safe.
47:27
We put our funds in hands of people who given enough time,
47:32
given enough different Incarnation will eventually,
47:35
break your trust. And now, how do we take this
47:41
going forward? How do we look at all these
47:44
failures? All these frauds, all these
47:47
charlatans, who stolen people's money, by preying on, the idea
47:51
that you need a custodian for your Bitcoin for your Sovereign
47:56
currency. Well, people are still using
48:01
these custodians. We look at by ants right now.
48:03
They've seen record outflows of six billion dollars over the
48:09
last 72 hours. When this article was published
48:12
a Reuters analysis of finances, corporate finances.
48:15
Showed that at the core of the business, the giant finances.com
48:18
exchange had process trades over twenty two trillion dollars this
48:24
year. This dwarfs Mount gox, this
48:27
Dwarfs quadriga Of the stores anything we've seen before.
48:31
There is limited oversight of these organizations.
48:36
There's almost no oversight and they control a significant
48:42
portion of the market. And here's, here's what I want
48:45
to get to here. I've mentioned the Fiat Fiat
48:49
mindset here, it makes sense when you're dealing with stocks
48:53
and bonds, what happens in the Legacy Financial system, if
48:58
someone steals a stock from you, what happens.
49:01
Anyway, seriously, I'm asking you guys, what happens if
49:04
someone stole a stock from your Fidelity account Opti, what
49:08
would happen? It would be insured, right?
49:10
And you'd probably get it back. I'm guessing well, it's not
49:15
insured. You could go to the court.
49:16
Art. Yeah.
49:17
Yeah. I want my stock back on the
49:20
rightful owner of it. Here is the evidence of that
49:23
here is why I am the rightful owner and of course a yeah.
49:27
That's your stock. Let's give it to you.
49:29
The clean doesn't work that way. Bitcoin is final.
49:33
Settlement courts are unable to change the blockchain.
49:38
Even if they wanted to, they couldn't do it courts.
49:42
Can't award rightful possession of a final settlement item
49:47
that's recorded on a distributed Ledger.
49:49
It just doesn't work that way. We're still thinking that way.
49:53
We're still thinking that custodians are good for us.
49:55
We still think block Phi and buying Stand Celsius and God,
50:01
I'm missing a couple of them are good places to store, your
50:04
Bitcoin will not us. But you know, some people are D.
50:10
We need to get ourselves out of that mindset.
50:13
The financial sovereignty that comes with Bitcoin is a
50:17
double-edged sword, it's not just all benefit.
50:20
There's some risk here, no one can fuck with your properly self
50:24
custody Bitcoin but no one can help you if it is stolen.
50:29
I'm lost because of incompetence or swindled away.
50:33
In the words of Stanley, from The Immortal Spider-Man, with
50:37
great power comes great responsibility.
50:41
Stop delegating that power to other people.
50:46
That's not how Bitcoin was designed.
50:49
That's not how it's supposed to work.
50:52
And if you use it, how it's supposed to work.
50:56
You will you will be safe from all these frauds and swindles.
51:00
I don't want I want to end with one last thing here that comes
51:05
straight from the source straight from the source of true
51:07
straight from the Genesis of Bitcoin.
51:10
If we go back to the white paper here, first paragraph, Commerce
51:16
on the internet has come to rely almost exclusively on financial.
51:19
It's to institutions serving as trusted third parties to process
51:24
electronic payments when the system works.
51:26
Well, the system works well enough for most transactions.
51:29
It still suffers from the inherent weaknesses of a
51:31
trust-based model completely. Non reversible transactions are
51:35
not really possible since financial institutions.
51:38
Cannot avoid mediating disputes. What is it?
51:43
Sorry, my highlighting is not working.
51:45
Well what is needed? Here is an electronic payment
51:48
system based on cryptographic proof instead of trust allowing
51:52
any two parties to transact directly with each other without
51:56
the need of a trusted third party.
51:58
That is how Bitcoin is designed to work.
52:00
That was in the opening statement, a Bitcoin and that is
52:05
how you should be using Bitcoin. Throw breakdown.
52:14
Paul. Love it, love it.
52:15
I think this is message that more people need to hear but
52:17
Tatum II saw that you tried to chime in a little while ago.
52:21
So what's your thoughts on this? And then I'll put a bow on this
52:24
and we'll move into the memes. So what I was trying to say
52:30
earlier I am legally obligated anytime I hear the number 69 to
52:35
say nice. Sorry.
52:37
But um, but like straight up at the beginning.
52:42
You're explaining like how it all worked like SPF saw.
52:46
This guy was like made this in Memphis spittin like I like,
52:50
what he's got I'm a cook back up what he did but like a blueprint
52:54
he followed right seriously. Um but also like you see that
52:59
and then you see that he died like this, this predated me but
53:07
Seeing everything you just pointed out.
53:09
Like I wouldn't have, I wouldn't have believed that he died.
53:11
So it's very interesting to see what happens from this.
53:15
I would also recommend jogo, look at Zack xbt, he's insane
53:20
with tracking down the scammers and exposing them, but weird
53:26
stuff. Hey guys, just hold your own
53:27
Keys, like it's not, it's not that hard.
53:29
If you, if you can't take that much responsibility I'm sorry to
53:33
say you might not be ready. It's not that hard guys.
53:38
Yeah, man, I mean I remember when the story came out and it
53:42
felt fishy back then, you know, I'll just leave it at that but
53:46
we tell you guys every single day on this show like not your
53:49
keys not your Bitcoin exchanges or not wallet.
53:52
And while we have all these examples, this year of up
53:56
explosions of people giving up their Bitcoin and not learning
54:00
their lessons, this isn't a new phenomenon and as much as we
54:05
hope. That people learn their lesson
54:07
and we won't repeat these processes, I'm almost positive.
54:10
We're going to see even bigger explosions by even more
54:13
legitimate you know, coin, custody businesses but we'd have
54:20
seen a silver lining this year and people are taking their
54:22
Bitcoin into self custody and the Gap and the Divide between
54:26
Bitcoin and shit coins and Bitcoin and exchanges and
54:29
Bitcoin and lending platforms is growing.
54:31
So there is a silver lining that people are taking their self
54:33
custody will people I'll remember this stuff.
54:37
I hope so. But you know, I'm not going to
54:40
hold my breath, you know, it's very fishy and I see people in
54:44
the chat saying, man, this is just a standard Playbook.
54:48
If this guy is, if this guy isn't dead, then this is very
54:54
interesting stuff going on right now.
54:56
This is like the ultimate ultimate boating accident, but
55:00
with your funds so make sure you keep your Bitcoin into self.
55:05
Ade. This is how you can avoid this.
55:07
Anyways, let's get into the meme review, guys, because this is
55:10
everyone's favorite favorite section.
55:12
Actually, hold on. I'm gonna give you some horns,
55:15
Paul, for such a of that news story.
55:19
Let's give ours brother. The daily meme review brought to
55:26
you by Kaboom racks. I get this question all the
55:28
time. Nico.
55:29
Where should I buy Bitcoin miners.
55:31
The answer is Kaboom racks. It's the best place to buy
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Bitcoin miners. That's where you're going to
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Your mining Utopia today to check out their racks.
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You got to go to T dot me, slash Kaboom racks.
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Join their telegram group and start your mining Journey today.
55:48
Kaboom racks. Alright guys, so I say it every
55:52
single day and you already know what I'm about to say, tweet to
55:55
the bullets and memes are the artillery.
55:56
We are in an information War. So continue to get that
55:59
information out there, continue to ridicule, the monetary
56:03
demons, continue to make the Funnies, and get the truth out
56:07
there any way possible so that people understand why we do what
56:11
we do. And of course, Drop Your Meme
56:13
review chat or score in the chat so that we can cover it towards
56:17
the end. Anyways, this first one, I'm
56:19
almost positive. - this is not Bitcoin magazines meme
56:23
themselves but I think it is a fitting time to relay this
56:28
message on the show and it is us the lowly Bitcoin or the the
56:33
lonely bitcoiners. Sorry and everyone else, the
56:37
crowds the wisdom of the crowds out there going Bitcoin will
56:39
never recover from this crash and then this bitcoiners.
56:42
Yes, you are all wrong. Bitcoin always recovers and we
56:46
will see number go back up. This next one, shouts out to our
56:50
R DB T C. And this is kind of fitting
56:54
considering what Paul just covered.
56:57
And this is Homer sleeping like a baby and he goes how I sleep
56:59
knowing and other shit going Casino.
57:01
Could blow up at any time, not your keys, not your coin.
57:04
Take your Bitcoin into self custody and you can sit back and
57:08
eat popcorn and watch the fireworks like all of us.
57:11
This next one. Shouts out to our buddy,
57:12
Morpheus BTC. He continuously tags us on these
57:15
fire memes and of course, I'm the cliche Bitcoin Ur, that
57:18
continuously references. The Matrix and we got more views
57:21
because the Fiat Matrix is everywhere and you can feel it.
57:25
When you look out your window when you go to work, when you
57:27
pay your taxes, it is the world as has been pulled over your
57:30
eyes to Blind you from the truth that you are an economic slave
57:34
and the Neo goes, how do I become free?
57:38
You take the orange pill and I'll show you how deep the
57:40
Bitcoin Rabbit Hole really goes. There is no bottom to the rabbit
57:43
hole and all of us know that there is just safe places that
57:47
we like to hold up. This next one shows up to my
57:50
buddy, wine. I think we kind of message
57:53
messages are hint on this in the culture.
57:58
This is a, this is a funny one considering that I feel his
58:02
pain. He goes, you, get Bitcoin at the
58:04
price you deserve, and then it's a picture of a crying.
58:07
At with thumbs up. Going my DCA over the last two
58:10
years. Yes, no one escapes, the pain.
58:13
This is what it means to be a Bitcoin.
58:14
Are you earn your stripes through the hot oil?
58:17
This last order. This other one is by Maxis Club.
58:19
Shouts out the Maxis Club. I love.
58:21
I love this format, dude. Keep making them.
58:23
We got a Pepe the Frog. You know, at work and business
58:26
like looking up stuff on his computer and it goes, 8:10, he
58:29
Google's, where does the government get the money?
58:31
Expands 825. He Google's, where can I buy
58:35
Bitcoin once? You understand where the money
58:37
comes? Um, from you will never be the
58:39
same, and this is kind of what we touched on in the culture as
58:42
well. People do not understand money,
58:44
and this is kind of what we all do.
58:46
Every single day is explain to people.
58:48
There is a better money and it's called Bitcoin.
58:50
This next meme is by our friend 21, JC LP, and it goes a bit
58:53
coin and crypto me got this MPC. That is dying.
58:56
He's a shit corner and this how it goes hashtag, thank them.
58:59
Thank you Maxine. It goes crypto ruined, my life
59:01
completely, do you have any advice for me?
59:03
And we got to Chad Bitcoin and goes, yes, buy Bitcoin, hold
59:06
your own keys. The market price, stop gambling
59:09
on garbage, get rid of Leverage, work stack regularly, prepare
59:12
for our financial collapse, take care of your family and use any
59:16
extra time to learn the new Bitcoin tools and services.
59:19
This is the way this is the blueprint.
59:21
This is how you will survive the monetary reset that we are going
59:25
to. And then this last one chest out
59:27
the crypto. Bastardo I love this one.
59:29
I know most of you guys on Twitter.
59:31
We're watching the World Cup and this is one that I think that's
59:34
going to hit the normies out there.
59:36
You just goes hashtag. Bitcoin.
59:38
And we got Lionel Messi in bed with his World Cup World Cup.
59:44
I don't even want to call this. The the trophy won't Cup trophy
59:47
and he's he's houghtaling it. He's hugging you to sleep and
59:50
it's me with my Bitcoin, it should say me when my Bitcoin in
59:53
Cold Storage. But yes, it World Cup cup.
59:57
I don't know. Well cup cup.
59:58
Yeah, I don't know. Probably.
1:00:01
All right. As you guys know I am in my, my
1:00:05
parents kitchen dining. Abel.
1:00:08
So my meme review score today, is this Christmas flower
1:00:13
ornament. That is on the table right now,
1:00:15
because I have literally taken over the kitchen.
1:00:18
Anyways, Paul, what is your even be score?
1:00:22
Yeah, some I mean review score is going to be this our Bitcoin
1:00:27
mug that says magic internet money and join us.
1:00:30
I love it. This is before Reddit was a
1:00:34
steaming pile of garbage which it is today.
1:00:36
But at the time, it was a great. Great resource for information
1:00:39
on bitcoin and I love the the low effort in this paint image
1:00:45
here. It's so bad, it's good.
1:00:48
It's so bad, it's good. All right.
1:00:52
What's your name of you score? I think I have to just looking
1:00:59
around. Mmm.
1:01:01
I think it's got to be one black Asic.
1:01:05
Grill, is what I got. Let's go.
1:01:09
Solid solid score. All right, guys, as we wait for
1:01:13
the main review scores to hit the chat, shouts out to our
1:01:16
clothing. Sponsor.
1:01:17
Represent LTD, we wear the hoodies every single day.
1:01:21
Hold on. Look at Paul.
1:01:22
Look at, he's just like our male model be here.
1:01:25
He's got the represent, simply Bitcoin hat, he's got the
1:01:28
dropping bombs hoodie. These are actually sold out now.
1:01:31
Guys I don't think they're going to make him yet, but you can get
1:01:34
it in teacher t-shirt for them. If you like, it definitely goes.
1:01:38
Support our boys over at represent.
1:01:40
Get yourself a hat. Get yourself some merch.
1:01:44
And support the boys because we are here, you know, opsec be
1:01:49
damned. We're wearing the merge every
1:01:51
single day. Now it is what it is.
1:01:53
Anyways, we got a few scores in the chat already.
1:01:56
So let me scroll up a little bit.
1:02:00
All right, first one is by Hammer saw and he goes I give
1:02:03
this meme a bag of tangerines. Let's go.
1:02:07
Okay, okay the next one, is my hot aucoin, he goes, I give
1:02:11
those memes overnight Indian food trucks.
1:02:15
Savage Savage, this next one shout out to my boy, opt, he's
1:02:19
in Flint infatuation with sexy, male British accent, I can't
1:02:22
wait for the new, the new handle bro.
1:02:24
And he goes score a bear market so bad that even zombies are
1:02:27
selling your Bitcoin also pigeons gay.
1:02:30
Okay, I think that's a shot. I think that actually that's not
1:02:33
true. Oh okay.
1:02:35
Anyways let's see Bitcoin for Canadians.
1:02:38
I give those memes a set of Tangled Christmas lights, nice.
1:02:42
It's a good one. That's a good one.
1:02:44
Lucas almost he goes my meme review.
1:02:46
Score is peace on Earth. Merry Christmas everyone all man
1:02:50
we can only hope by everyone getting on the Bitcoin standard
1:02:54
this next one. Nope.
1:02:55
Not today. I give those means a World Cup
1:02:57
Cup. Yes.
1:02:58
Okay, it is World Cup Cup. Thank you very much.
1:03:01
Yeah, it's official. Now, this next one.
1:03:03
Bitcoin Becca. I give those means a batch of
1:03:05
freshly baked Christmas cookies. Let's go.
1:03:07
Absolutely delicious. Okay, there's a few more here.
1:03:11
Any rug memes, Gorilla, Glue extra large.
1:03:13
Well, I am pretty sure you've given that score before but
1:03:16
we'll let it slide welllll. Let it slide diogenes.
1:03:19
The great. I give those memes to awesome
1:03:21
guests at an overly optimistic host.
1:03:26
Okay. Okay, this next one by J, mdp
1:03:29
self. Custody your Bitcoin.
1:03:30
There are no, that's not even a. There are no other options.
1:03:40
All right guys, so this last segment, let's get into The
1:03:45
website by plebs or CLEP sites or web site by bitcoiners.
1:03:49
So let's go. Websites brought to you by
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Cipher safe, don't be that person that loses their Bitcoin
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seed. Due to fire damage water damage
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generational Bitcoin wealth on steel and there's no better
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only on Cipher safe dot IO. All right, guys.
1:04:22
Today's website by plebs is actually Tatum to YouTube.
1:04:27
So Tatum you want to show this and we will give the people some
1:04:33
sauce out here. Take them turn up on YouTube.
1:04:35
Go support the boys. We say it every single time
1:04:39
don't just spread our content Bitcoin.
1:04:41
Only content needs to be spread far and wide and we support all
1:04:44
content creators out here doing the same Mission.
1:04:47
So Tatum give the people. What are you doing?
1:04:51
Here so that we give them a little bit of the sauce and give
1:04:54
him a little teaser. Yeah, so I'm the host of between
1:04:58
to a six it's a talk show modeled after Between Two Ferns
1:05:03
but with bitcoiners, ignore the first guest.
1:05:08
But um, I honestly, I kind of got into it because I thought
1:05:14
about how like we listen to podcast we share pod, cast, and
1:05:20
let's be With ourselves guys. Like oh yeah you can see some of
1:05:23
my old stuff to also I left my Mighty Beanz, collection up
1:05:26
there from when I was like 10 years old.
1:05:29
Had a bunch of people from Singapore offering to Yama.
1:05:33
I'm gonna watch that. There is the comments are turned
1:05:38
off on that video for good reason but but like if we're
1:05:42
being honest with ourselves podcast they sometimes start
1:05:45
sound the same. So I was like, you know what,
1:05:47
I'm gonna spice things up a little bit so I got in touch.
1:05:51
Some people started a crowdfunding on Geyser and just
1:05:57
started sending DM's and emails and I first episode was pumped,
1:06:03
sorry. But, you know, I mean, it was
1:06:06
what I had. But so far we've had Peter been
1:06:12
BBC Sessions. And then tomorrow we're
1:06:14
releasing our fourth episode with Neil Jacobs, and we have
1:06:18
plenty more in the pipeline. Fun story, Cory actually blocked
1:06:23
me after he said that he would come on and then he figured out
1:06:26
that pop was my first guest but he sends unblocked me and we've
1:06:29
made up, let's go. Yeah, I just want to have like
1:06:33
some some some fun with it and try to try to you know keep
1:06:39
everyone on their toes. Yeah especially through the bear
1:06:42
Market. See I absolutely love this.
1:06:46
I think this goes back to what we were talking about earlier
1:06:48
about how you got to find the right.
1:06:49
You gotta find your crack. Right, you gotta, you gotta get
1:06:52
in the car, let's get it. Come back to haunt me but, you
1:06:56
know, using humor using something other than the
1:07:00
standard podcast form to get people engaged.
1:07:03
I think is a really great way to do it.
1:07:04
I'm really happy with what you're doing here.
1:07:06
So, keep it up in, appreciate it.
1:07:08
We agree. Yeah, man, this is, this is
1:07:10
something that we that we, we try to do ourselves, man.
1:07:14
Like we try to give people the signal, but we also realize that
1:07:17
we are entertaining people, we are in the, in the war.
1:07:21
To win people's hearts and mind. So kudos to you bro continue on
1:07:24
the mission and find ways to entertain people and and I know
1:07:28
everyone's going to make a point bro.
1:07:29
You are not wearing the vest but hey well let it slide you told
1:07:33
us. Why next time you come on, we
1:07:36
will need the vest on the show. But anyways guys, if you enjoyed
1:07:41
the show, go check us out. On our Audio.
1:07:42
Only platform. We are on anchor.
1:07:44
We are on Spotify, we are on Apple.
1:07:46
I literally think we're on all of the podcasting apps out
1:07:49
there, but we are a The value for Value economy and you can
1:07:53
stream assets. I will read the comment on
1:07:55
Friday and man, this is our show first and foremost, shouts out
1:08:02
to Paul. We threw him to the Wolves.
1:08:04
He's resurrected Like a Phoenix, and we will bring him back
1:08:07
occasionally whenever whenever not only, we need to fill in
1:08:10
guess because he does have great, great SATs and tidbits to
1:08:16
the conversation, he is a lawyer, he's overly qualified
1:08:18
ex-lawyer, overly qualified to be doing, Doing this.
1:08:21
But this is why we love our mothers in law.
1:08:23
Yeah, recover my exactly. Exactly.
1:08:26
And then of course Tatum man we appreciate it.
1:08:29
Niko Niko putting a little spice today he's like yeah, we're
1:08:32
going to we're going to cause some chaos didn't tell you guys.
1:08:34
We have a guest enjoy here. Literally letting me know at
1:08:38
11:00 last night too. So I was I was a little more
1:08:42
prepared. Let's go.
1:08:44
All right, well, I'm going to take you in the in the
1:08:47
background. So just stick around for a
1:08:49
moment while I roll this one. One out for everyone.
1:08:52
And we wrap this show up today, guys.
1:08:55
Appreciate it. We made it through.
1:08:57
I'm still in my mother's kitchen.
1:09:00
You know, we gave you guys the sauce today, I really appreciate
1:09:04
everyone that that supports the show.
1:09:06
That trolls Us in the chap. Like, subscribe, share, our
1:09:10
content, get the info out there far and wide, because the people
1:09:14
need to know that Bitcoin is the way. and we are just doing our
1:09:19
part orange, pilling the world, so, Hang out with us afterwards.
1:09:25
I am going to host a Twitter spaces.
1:09:27
If you guys want to have the conversation continued join us
1:09:29
on Twitter if not we'll see you. Tomorrow.
1:09:32
Nico will be back and we'll do the show like normal.
1:09:36
Anyways, peace out guys. We appreciate it.
1:09:39
We'll see you tomorrow.