Latest / Simply Bitcoin / Binance Halts Dollar Deposits | EP 755

Transcript

Binance Halts Dollar Deposits | EP 755 · Simply Bitcoin

0:12
Yeah, we're gonna simply by coin live, where your number one
0:14
source for the peaceful Bitcoin Revolution car, breaking news
0:16
culture, Matic Warfare we will be your guide through the
0:18
separation of money and state guys we're going to change it up
0:21
a little bit today. I know some of you are concerned
0:23
about what's going on with one of our partners Swan Bitcoin.
0:26
We've been getting a lot of questions over DMS and in the
0:29
live chat we hear you and that's why we asked Corey the CEO and
0:33
founder of swan to come on the show today to talk about it.
0:37
So I want to welcome quarry on stage.
0:39
I doing Corey. What's up, man?
0:41
How are ya? Good dude.
0:43
You know what? Bitcoin time is?
0:45
Just it's just every week bro. It's just just moved so quickly
0:49
and everything happened so fast. What's going on with you all
0:53
good? Yeah, I think you know you were
0:54
just asking me just a second ago like are you stressed out?
0:59
And I was like, I mean, not really because this business is
1:03
actually not the most complicated business to run and
1:06
we have a spectacular team that you couldn't get in a normal
1:10
industry. A business that's not that
1:13
complicated. Like you couldn't get this kind
1:15
of team where everybody's Way overqualified for their job and
1:18
like on the mission and willing to work in 80 hour week when you
1:21
need to, if you were working on like a fucking SAS company or
1:25
adtech or something like that. Is just so my experience in
1:28
startups there's never never seen anything like this.
1:31
And so, you know we basically get all our shit done year-round
1:36
until there's a social media Firestorm and or a migration you
1:40
know back in In Partners or whatever and then it's okay
1:43
because you basically work in Peaks and valleys.
1:45
So I feel like we all have you know plenty in reserve and we
1:49
celebrate it. Pacific Bitcoin and celebrated
1:51
Miami and hang out with each other and Mexico City or El
1:53
Salvador or whatever. And there's all this
1:55
camaraderie, you know, built up and, you know, it's, it's it's
1:59
very similar to like what, you know, had not a front row, seat,
2:03
but a second row seat to what Unchained went through with all
2:07
the liquidations on the night of, you know, March 12th 2020.
2:11
And you know that team banded together and handled their shit.
2:15
You know and everybody was fine and it's the it's the love and
2:20
dedication and honor and integrity of bitcoiners working
2:23
on bitcoin shit that makes it happen.
2:26
So you know I Feel Pretty good overall like I'm not that
2:31
stressed out and you know I'm glad we made the decision to
2:35
start diversifying our back-end Partners back in Q4 and that we
2:38
actually started doing it in January and we were sort of If
2:41
you know, well, equipped to handle it, you know, when it,
2:45
when it came time to pull the trigger a few weeks ago and I
2:48
figured, you know, for you guys in the audience and everybody
2:51
like just to address the timing of why we did it.
2:54
So first of all, we were already planning to migrate over to
2:58
Fortress + B. Go, mainly for Geographic
3:01
coverage. So this was just getting back
3:03
into all 50 states. So, Prime trust used to have 50
3:05
states. They lost New York, a couple
3:08
years ago, in New York decided not to honor Trust.
3:11
From other states that was like, 30% of our business that we lost
3:14
at the time and then unfortunately, a lot of people
3:18
are angry. We lost Texas so Prime trust
3:21
lost Texas that was like fifteen percent of the remaining
3:24
business and then they were just kind of bleeding state after
3:27
state. So they were down to 44 States
3:29
when we finally decided to pull the trigger and the reason that
3:32
we decided to do it all at once, instead of kind of slower over,
3:37
you know, three months or something like that was the
3:39
Connecticut. Regulator was A dick basically.
3:42
They are all the previous ones that said.
3:45
Yeah, you can, you know, keep these accounts open and keep the
3:48
Bitcoin there, but no more purchases, was pretty much the,
3:52
the mode. And then Connecticut said, no,
3:55
you have to close and you have to sell the Bitcoin of all your
3:59
users and distribute dollars to them by May 31st.
4:03
And so when we saw that, we were like, man, like that, that's
4:06
just not tenable. That's that creates CAT tax
4:08
consequences, it kind of betrayed the trust of Everything
4:11
that we kind of stand for. And so we decided to just rip
4:14
the Band-Aid off and do the whole migration at once.
4:16
So withdrawals were available throughout concierge for the
4:20
first week or so. And then we got the self-serve
4:22
withdrawals back on I think on Monday or maybe Tuesday morning.
4:26
So it was back in the user interface by Tsar back for
4:29
almost everybody. I think at this point and that
4:32
was over half of the People by yesterday and should be pretty
4:35
much everybody else today and then we should have the
4:38
automatic recurring purchases plans turned back on for Or next
4:41
week. So if you have a normal by plan
4:44
for like Monday, Tuesday, Wednesday, whatever that should
4:46
work next week, and that's pretty much it.
4:48
The last one after that will just be automatic withdrawals to
4:51
know. A lot of people have those set
4:53
up so we should have that functionality ported over to the
4:55
The Fortress bit go stack. I actually don't know, maybe
4:59
like end of next week. Something like that.
5:00
I don't have a target for that but soon, wish I'll pause for a
5:05
sec. I'm also in the chat by the way.
5:06
So I'll take a look and see and maybe pick off questions from
5:10
the chat. Yeah, and then Corey actually
5:13
wanted to ask you about a, you know a tweet that came out
5:19
yesterday night and I think it's really really important that
5:22
people understand this. So I'm just going to read the
5:25
the first you know paragraph or and just kind of ask you to
5:29
elaborate. So you said it's important that
5:31
qualified custodian serve Bitcoin companies so that
5:34
brokerage can be separate from custody as is law for
5:37
traditional markets. Why is that so important?
5:41
Yes, So if and I set this up from the very beginning, I
5:45
didn't want to custody user funds at swan ever because then
5:50
if Swan goes under, you know you actually have the assets.
5:54
You can say what you want in in the legal text or whatever and
5:58
say like oh no, actually our customers on this, but that's
6:00
not always the way the bankruptcy courts, see it?
6:02
And we've seen that with a number of, you know, crypto
6:06
collapses over the years. So I think that our users have
6:11
always Really appreciated and this is just talking for like
6:14
retail and high, net worth individual users, have always
6:16
appreciated when they understand that they've appreciated.
6:19
The fact that their account is actually an individually owned,
6:23
legally, segregated bankruptcy remote, trust account, held with
6:29
a qualified custodian. And that means that if the
6:32
custodian goes bankrupt or Swan goes bankrupt, you still own
6:36
your coins legally and they're distributed to you.
6:38
So that I think is the right way to Set it up if you're not doing
6:43
self custody or collaborative custody.
6:46
Right. So I'm just to clarify.
6:49
I think the way that Unchained approaches it with multisig in
6:51
the way that we will approach multisig with Swan custody that
6:56
stuff were building with Spectre after buying them last year,
6:59
that's under the bucket in the realm of self custody.
7:02
It's not being held by some third party, and that's why
7:06
Bitcoin Tech is awesome anyway. So, take self custody, if you
7:10
can. The Thing to consider, which is
7:13
maybe different for us than, than some of the other Bitcoin
7:18
Brokers out there, is that we actually have a lot of people
7:21
that cannot work with a company that custody, he's the Bitcoin.
7:26
So advisers, you know, we have a big business where we work with
7:30
wealth managers and registered investment advisors and so they
7:33
actually have to have the Assets in a qualified.
7:36
Custodian. It can't like they couldn't have
7:39
the SATs just custody with You know a Bitcoin broker basically.
7:47
Yeah more questions. Gotcha.
7:49
Okay. I want to be respectful of your
7:51
time Corey and I you have to leave in about 45 minutes.
7:55
No no I'm good. Actually I thought you wanted me
7:57
till 940 Pacific so it's up to you.
8:00
Okay, cool. So yeah, just people in the chat
8:03
saying you know Corey check your team's this in my app.
8:05
I'm gonna take a more lighthearted question, kind of
8:08
change it. Change its own a little bit.
8:09
It says, Corey will Seattle, get the Back if so when do you think
8:14
I think so? Yeah I think that they're going
8:17
to expand from 30 to 32 teams have 16 in each conference, you
8:20
know, eight in each division makes a ton of sense like the
8:23
NFL 32 teams, great number and Seattle.
8:27
Seems like it's top of the list and I've heard, you know,
8:29
probably Vegas, maybe so, I guess you'd see, probably two
8:33
teams added to the west and one of the West teams may be moved
8:36
East, maybe Memphis or something like that nacho.
8:39
Okay. So back to Swan, where do you
8:41
see See the future of small and I saw that very, very, very
8:44
important question in the chat from yellow Know.
8:49
Your sponsorship is good to go. So yeah, we still expect birdies
8:54
and Muppets and stuff at Pacific Bitcoin on the main stage.
8:57
The perfect. And I got a soundboard for that.
9:01
Don't Stop Believing. Yellows always listening.
9:07
Um yeah so Cory where do you see?
9:10
You know, where do you see the future of swan?
9:12
Six six months to a year out from now?
9:15
Yeah. So I mean this is the craziest
9:18
thing is, you know, Monday with the by Nan suit immediately,
9:24
sent me unto, you know, 20 hours of conversations and strategic
9:28
planning and thinking about what what that means.
9:33
SEC cracking down on all the unregistered crypto Securities,
9:37
basically, and then coinbase obviously on Tuesday.
9:42
It just basically creates this massive open field for for fast
9:48
running for Bitcoin financial services companies over the next
9:52
three years. The reason I say three years is
9:54
because I think that traditional Financial companies will go
10:00
heavy on bitcoin at the top of the next Bowl.
10:03
Market and then they'll get something in market like 12
10:05
months later. So basically t plus 12, whenever
10:10
we're sort of peeking and in whatever the next bull market
10:12
is. So I'm just kind of loosely
10:14
saying like three years and then the other thing that you might
10:17
see is if we continue to grow and you know strike River
10:22
Unchained you know one or more of them continue to do.
10:24
Well I do think you'll see something like you know a
10:28
hundred million dollar seed round from in Drayson for a
10:30
Bitcoin only financial services firm you know kind of like
10:33
Lights Park deal. Something like that, right?
10:35
So, you know, the existing the existing for that have reached
10:39
some scale, strike River, unchanged Swan, I think have
10:43
like a really good three years ahead of us and it makes sense
10:47
to go as fast as you possibly can.
10:49
So we are, you know, dramatically increasing
10:52
marketing dramatically increasing staff going to go.
10:55
Raise a bunch of money this fall and you know, just goes
10:58
absolutely as fast as we can. Like I'd like to see Swan over
11:01
200 people by the end of the We're thinking about 115 right
11:04
now. I just greenlit with his Friday
11:07
on Wednesday. I greenlit a 15 X increase in
11:10
marketing, spend for Swan and it will be higher Roi because you
11:16
don't have, I think what you'll see is the the crypto casinos
11:20
dramatically dropping their spend in the advertising
11:24
auctions, so it should be really easy to get these slots at the
11:29
top of Google search results and to get your ads to show up much
11:31
more cheaply and much more. Effectively and to be clicked on
11:35
much more and converted to users, you know, in Facebook,
11:39
Display Network, things like that.
11:40
So yeah, it's frickin go time. Yeah, we got a question in the
11:46
chat. I think it's a really good One.
11:47
Max Trotter says when lightning withdraws.
11:51
Oh, I already do lightning withdrawals on Swan.
11:53
Well, yeah, I think we're trickling it out, its kind of
11:57
with an alpha group. It's the whole Swan team is
11:59
using them. They're awesome.
12:01
And we will Will obviously we've got to get through this
12:04
migration, but I think it's already working again on the
12:08
Fortress bit, go side. And we did have a few Alpha
12:12
users outside the company testing them before we started
12:15
the migration. But yeah, I mean in the next
12:17
month or so you'll see in your dashboard with strata lightning
12:20
address, awesome. There was a, there was a very,
12:23
very I saw this tweet and it made me feel something.
12:27
You said back on June 6 of a couple days ago, you said, 2002
12:32
to 2008. Old golden age of online.
12:34
Gambling fraud, 2009 2 2006, golden age of adtech fraud 2017
12:41
to 2022 golden age of crypto fraud.
12:44
And I want to reference also, you know what happened earlier
12:48
on the week, by Nance was sued on Monday.
12:50
And then coinbase was sued on Tuesday.
12:53
It seems like coin basis. Putting up a little bit of a
12:55
fight Finance. It was announced this morning
12:57
that their halting dollar deposits into the exchange.
13:01
So what are your thoughts on? on that, you know, as the c.e.o.
13:05
of a Bitcoin only company My thoughts on just like, what's
13:12
going on with finance and what will happen there?
13:14
I mean, I mean, what did are done in the USA and they're
13:17
going to face massive, massive Financial penalties just based
13:22
on the SEC case and if CZ doesn't cough that up and
13:28
basically never step foot in the u.s.a. again, then, you know,
13:32
they'll start creating lots of problems for him outside the
13:35
u.s.a., as well, that leaves aside that There's probably 50
13:41
to 100 things in the SEC case that are criminal and are
13:45
pursuable by Department of Justice.
13:47
And so those those come with criminal charges and jail time,
13:50
and things like that. So, we'll see what happens on
13:53
that end, but the doj hasn't stepped on yet.
13:55
But, you know, they've got the goods there.
13:57
These are like actual internal documents from finance and chat
14:01
transcripts and emails from buying its Executives to each
14:04
other detailing, you know, multi-year Criminal.
14:09
See ya. And so in how is the industry
14:13
going to change, right? Because, you know, the ability
14:15
for, you know, these these you know, I co people were crypto
14:19
developers to, you know, get in before the get in the pre-sale
14:23
and then get it listed on an exchange, those days are over.
14:25
How is that going to change? The whole perspective are more
14:29
got more more people. Do you anticipate more people to
14:32
focus on bitcoin only? Because I know that the whole
14:34
crypto thing was a major distraction.
14:36
Also in the lawsuits a lot of A very, very popular cryptos were
14:41
named as Securities just to name a few.
14:43
There was of course the B&B token cardano, which is very
14:46
popular Dash mattock etc. Etc.
14:50
So what are your thoughts on that?
14:52
Yeah, I think it's going to be way easier to get people to
14:54
focus on Bitcoin in the United States, for sure.
14:57
And I think that will have a carryover effect around the
14:59
world as well, you know, just call a spade, a spade understand
15:02
what it is. Understand.
15:04
You're buying something that their marketing is essentially
15:07
an unregistered security but you have no, right?
15:09
Rights. So you're just basically playing
15:11
a confidence game and kind of a greater fool essential Ponzi
15:14
scheme with all these things other than Bitcoin.
15:17
So I think that the education path becomes easier the come in
15:25
hearing about Bitcoin get confused by shit coins and then
15:28
realized Bitcoin matters you know the shit coin horseshoe I
15:31
think becomes shorter and shallower on average for
15:34
everyone around the world that gets into the space.
15:37
So yeah just kind of wildly. Bullish for Bitcoin and Bitcoin
15:41
adoption to clearly delineate between Bitcoin and check coin.
15:47
Yeah absolutely. And one final question Cory just
15:51
to roll it out and I just got this over DM and four people
15:55
tuning in. So just to be clear user funds
15:59
are secured and you anticipate. Everything should be completely
16:04
back online in the next couple of weeks.
16:07
I mean, everything's back on withdraws, never paused,
16:11
self-serve. Withdrawals, were back on in
16:13
your dashboards. At the beginning of the week
16:16
buys are back on for almost everybody.
16:18
Today majority of people yesterday the rest.
16:21
Stragglers today is what I'm told and then, yeah, that's it.
16:26
Really. I forget what the first part of
16:28
the question. Was the the first part of the
16:32
question funds? Our staff, who?
16:33
Yeah. We moved all the assets off
16:35
weeks ago. Yeah.
16:37
Top of prime trust, so like, just in in the event that they
16:42
wouldn't raise enough money and Regulators would clamp down in
16:45
some way because their balance sheet was weak or an acquisition
16:48
falls through or something like that.
16:50
Like, it just didn't make any sense in my mind to leave any
16:55
user funds at risk. So we asked everybody to come
16:58
along with us so far 0.2 percent of users.
17:04
Have opted out and Decided not to go along to the new back-end
17:10
Partners foolish. Okay Opti.
17:12
I want to I want to bring you up.
17:13
Do you have any questions for Cory?
17:16
Not at all. I mean just shouts out to Cory
17:19
and Swan in the whole team. You know what's up?
17:21
What do we always say? A Bitcoin Company by bitcoiners
17:24
for bitcoiners. So I am sure the Bitcoin is over
17:27
there. Solid team are doing their best
17:29
to ensure funds are soft food. And everyone in the chat saying
17:32
funds or soft food. Salon says funds are soft.
17:35
Boo. Is that like a CZ thing?
17:38
What is this option? So she's either, I don't like
17:41
crypto memes me. Neither, you know you know when
17:45
they when they pause the withdraw I tweeted it out.
17:47
I said I guess funds are not stuff.
17:49
Ew, when the SEC asked to freeze the assets, I know.
17:53
I mean I yeah my favorite is like every time there's like a
17:57
by Nance headline. I just retweet.
17:58
I quote tweet it. And then you say still for
18:00
question, mark? Yes.
18:03
CZ. Evidently uses says that number
18:05
for means that's just Don't worry about it or something like
18:08
that. Anyway.
18:10
Anyway well Cory, I know your time is precious.
18:14
Thank you so much for coming on city today and, you know,
18:17
clarifying it all for our viewers and listeners.
18:20
We really appreciate it on simply side and I'm sure our
18:22
viewers and listeners appreciate as well.
18:24
Thank you Cora. Sure thanks guys.
18:27
Alright take care. Bye.
18:29
All right guys. How you doing Opti?
18:31
What are we going to talk about during the culture brother?
18:33
Well, I mean we went 20 minutes long so I was wondering I was
18:36
going Hit you in the d-ends, whether we were going to
18:38
actually hit the culture, but we've been seeing a lot of talk
18:42
from the altcoin or shit Corners, where past two minutes,
18:45
the last couple of weeks. And I have some tweets here from
18:49
some of our favorite Bitcoin Maxis and I got the perfect
18:52
responses for you guys, for when a shit Corner comes at you and
18:55
it's like, hey man, we're all in this together.
18:57
Why you guys cheering on regulation and all this?
19:00
And it's like no, let's clarify some things.
19:03
So I'm sure you guys saw this. If you're on Twitter, it's a
19:05
Jimmy song. Since I also got up here,
19:08
Richard response. And then we got some Maddow
19:11
stuff in here. And then of course we should, we
19:13
should have some time to talk about this, but I don't know.
19:16
We're running a little where X a little different today, so we'll
19:18
see. We'll see what happens.
19:19
She'll Edition, bro. It's a Friday.
19:21
It's a Friday edition simply Bitcoin this this episode might
19:25
run a little bit long, but it's okay.
19:26
Okay. Anyways, everybody, my name's
19:28
for you guys, so no more delay. Let's jump straight into the
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21:01
With a be. Anyways, I got a very special
21:04
special clip for you guys. This is Erica friedlin and she
21:10
was she was the basically Trudeau's things to the Finance
21:18
Minister. Something in Canada, right?
21:20
But she was the one she was the lady that made the announcement
21:24
that they were going to freeze the Canadian truckers bank
21:27
accounts due to you know the protests and all that stuff.
21:31
So She was a lady and became absolutely finds his clip
21:34
hilarious. So did I I'll play it for you
21:36
guys and then we'll talk about it as check it out.
21:39
The Bank of Canada has predicted that inflation will fall to 3%.
21:44
This summer. We're not there yet, but we have
21:48
made some real meaningful progress, which is being felt in
21:52
people's lives. Getting through covid was really
21:58
hard getting through the Deep recession caused by covid was
22:04
really hard and today getting through the global inflation
22:10
caused by covid and Putin's Invasion continues to be hard.
22:18
But there is no country in the world, that is navigating these
22:22
challenges more effectively than Canada.
22:26
And there is no country in the world, better positioned for a
22:30
soft Landing than Canada. We are very close to the end of
22:36
this difficult time and to a return to low stable, inflation
22:42
and strong steady growth You know, it all the things that
22:54
she's like, it was, it was, it was due to everything, but a
22:57
government, a government intervention, it was, it was not
23:00
our fault. It was everything else.
23:03
You know, the inflation thing that is literally cause because
23:06
the government is printing money?
23:07
No, no. That was due to the pandemic and
23:10
that was due to the invasion of Ukraine.
23:14
That's rights inflation. You're paying more at the
23:17
grocery store. Dude.
23:21
I mean, man. It it's so ridiculous, like the
23:26
it's just lying, bro. Like it.
23:29
Like, lying, like lying. Like bluntly up it up in your
23:34
grill, with a smile on your face.
23:35
I'll smile, I like, there we go. Thank you.
23:38
Bjbjs in the chat, shout out to him.
23:41
She's a finance minister with no Financial background clearly,
23:44
but yeah, it's so ridiculous, bro.
23:46
It's so ridiculous. But I wonder how much people
23:49
like I I bet you a lot of people believe that like I bet you a
23:52
lot of people believe what she's saying, you know, which is which
23:56
is the the crazy part. And the reason that those type,
23:59
the reason that they say those types of things, I don't think
24:01
that, I don't think if they would have said those types of
24:03
things, I don't think if, you know, if I don't think, if they
24:10
would have said, I don't think she would say those types of
24:13
things, if she didn't believe that, people would believe it,
24:16
you know, and like, hey I think this is why Financial education
24:19
is so important. I think this is why well
24:21
bitcoiners are doing is so important.
24:23
Like it's just, it's so crazy to me.
24:27
Taking absolutely no responsibility Canada's
24:29
handling. This, the best, you know, we're
24:32
great. It's just nuts.
24:34
What a crazy world. We live in.
24:37
Thank God for Bitcoin. Opti.
24:38
What's your take? Yeah.
24:40
Well, my first thought was, I don't really watch South Park
24:43
anymore but you know, that one South Park clip where he's like,
24:46
sorry guys like we lost your money.
24:48
Sorry guys, like I'm sorry. Rihanna it was the oil spill,
24:51
I'm sorry, we're sorry like we're so sorry I don't know.
24:55
For some reason that was like the first thing where my brain
24:58
went there just you know, they're not that they're not the
25:02
reason that the inflation is so high, like we didn't cause
25:05
inflation. We didn't print all this
25:07
extremely, ridiculous amount of money.
25:09
You know, let's, let's let's pass the blame to someone else
25:12
because we aren't responsible weird the best position for a
25:15
steady, Landing or whatever. The hell.
25:17
She said, guys, It's kind of what Nico said.
25:21
First off the economic illiteracy on display is
25:25
incredible, but it's something I've been saying for a minute.
25:28
The only reason they're able to say this stuff on TV is because
25:32
they know that the audience, at least the people, they're
25:34
speaking to probably don't know what is actually going on.
25:38
And that is the Overton window people actually believe this.
25:41
So like the gas lighting is a real.
25:43
And again, I've been saying this for a while on the show, I am so
25:47
happy that I'm a bit corner. I cannot Not even imagine not
25:51
being a bit corner at this point, but obviously like this
25:54
is why we're early. This is why we are bitcoiners.
25:56
This is why you actually have a real understanding of what's
26:00
going on in the world right now. And it's not that what she say,
26:03
you know, the war is causing inflation or whatever ridiculous
26:07
stuffs that you know at least she kind of hinted on it.
26:10
Yes, the the scam demek I don't know if I can say that so maybe
26:16
just just wrecked our channel is the reason why We are having
26:21
this inflation. They printed a ridiculous amount
26:24
of money. Not only in the United States,
26:25
not only in Canada, but in every first world country in the
26:28
world, any country with the central bank right now printed
26:31
an obscene amount of money. And this is why we're all poor
26:33
like. This is the Crux of the
26:34
situation. This is why we're feeling
26:36
inflation. This is why you cannot buy as
26:38
much stuff at the grocery store as you used to.
26:41
This is why, you know, the FED keeps raising inflation rates.
26:44
This is why the housing market is rack, like this is why the
26:47
Eurozone just drop the The news that we are in a recession on
26:53
there, you know, I thought we changed the rules of a
26:54
recession. Anyways like this is the pain
26:57
Stacks ads, take it in the South custody.
26:59
This is the way a man and just to be clear like like you know,
27:03
they're clear there obviously was a pandemic and it was
27:05
horrible and whatever. But the pandemic didn't cause
27:07
inflation, it was governments that cause inflation and the the
27:10
pandemic did not cause businesses to shut down.
27:13
That was governments that made those decisions that made those
27:16
businesses shut down, right? So we have to Have to be aware.
27:21
Like we have to understand, you know, we have to understand what
27:25
is actually going on and you know, I think that I think the
27:30
mere fact that you know the the mere fact that she could have
27:36
those types of press conferences.
27:38
And she felt so confident in the way that she was speaking tells
27:42
me that we have a lot of work to do.
27:45
We have a lot of work to do. This is not a time to just sit
27:48
back, relax and ridicule these People, this is a time to
27:51
educate and don't get let don't get caught in the left and right
27:56
dichotomy BS. The divide-and-conquer thing it
27:59
is not Red vs. Blue.
28:01
It is not left versus right is not Democrat.
28:03
Republican it is green versus orange.
28:06
The party of Central Bank, digital currencies and also
28:09
known as slavery. And the the party of orange
28:14
which is a party of prosperity Bitcoin and freedom, right?
28:17
So you know, be inclusive in your Aging be understanding and
28:22
be under be like, be aware of what is actually going on.
28:26
Like be take agency, stop complaining, you know, we got to
28:31
get people on our side on the side of Bitcoin so that these
28:35
politicians aren't able to have these types of press
28:37
conferences, and just gas-lit the public and take, absolutely
28:41
no responsibility for their actions, right?
28:44
Anyways, everybody. No more delay.
28:45
Let's jump straight into the news.
28:47
Let's check it out. The Daily News, The Daily News
28:53
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29:32
Talk about buying ads. So guys, this is this is a This
29:40
is some crazy. This week has been absolutely
29:43
fucking Bonkers, you know, there's some weeks and what's
29:46
the saying, right? There's years that nothing
29:48
happened. There's years.
29:49
There's decades decades, that nothing happens and then there's
29:53
years that decades happen. Well, in Bitcoin terms, that's
29:57
not how it works, right? And Bitcoin terms.
29:59
It's there's week that decades happened.
30:03
This week was one of those weeks anyway.
30:05
So quick update on this, by Nance us the halt dollar
30:09
deposits after sec. Track down.
30:11
This is a Reuters article for audio listeners.
30:12
It goes on to say, crypto exchange by Nance dot U.
30:15
S-- said on Thursday, it is stopping US, dollar, deposits,
30:18
and users will soon not be able to withdraw dollars from The
30:21
Exchange after US. Financial Regulators said that
30:23
he supported freezing by Nance assets, the purportedly
30:27
independent us, affiliate of Finance.
30:28
The world's largest crypto exchange said in a tweet late on
30:32
Thursday that its banking partners are preparing to stop
30:35
dollar withdrawal channels as early as June 13th.
30:38
By Nance us said in the customer noticed that It would no longer
30:41
accept dollar deposits as part of its plans to change to change
30:44
to a crypto only exchange. It did not give details of who
30:48
its banking partners are on Monday, the SCC sued by Nance
30:52
its founder CZ and the operator of its US exchange.
30:56
The lawsuit marked a dramatic escalation of a Crackdown on the
30:59
industry by us Regulators with the SEC, suing major u.s.
31:03
exchange coinbase a day later, the SEC alleged and 13 charges
31:07
that the by that by Nance artificially inflated it
31:10
straight. Volumes diverted customer funds
31:12
failed to restrict us customers from its platform and misled
31:16
investors about its Market surveillance controls the SEC on
31:19
Tuesday. Asked a federal court to freeze
31:21
by Nance us assets Finance, u.s. called the the motion
31:25
unwarranted saying it had addressed SEC concerns over the
31:29
safety of customer assets. So, I mean, dude, for whatever
31:35
reason, okay, if you're watching simply Bitcoin, I highly doubt
31:38
you use by Nan but for whatever Ever reason, if your funds are
31:42
on by Nance regardless, you heard Corey said in the
31:45
beginning, right? Regardless of whether it's
31:47
Finance us or, you know, by Nance International Finance.com,
31:52
I would suggest taking your exchange you staking your your
31:56
Bitcoin, off the exchange and taking it to self custody.
31:59
And fact, I wouldn't only just suggest that with by Nance.
32:01
I would just suggest that in general.
32:03
Just just take Bitcoin into self custody.
32:06
Stop Outsourcing the personal responsibility of the storage of
32:09
your wealth. We wouldn't be in this problem.
32:12
We wouldn't be in this mess today.
32:14
If more people started taking personal responsibility over
32:17
everything over information, over the, you know, over the
32:20
storage of their wealth, etc, etc.
32:22
But don't worry guys, don't worry because they got Cristiano
32:27
Ronaldo. How did the whole see?
32:31
They got Cristiano. Ronaldo everybody.
32:32
So don't worry about it. Your funds are set Foo because
32:37
they got Renaldo. It's so ridiculous. - anyways
32:42
now in other news and I think this is the bullish bit that I
32:45
really wanted to focus on before we move on.
32:50
Bitcoin Traders shrug off the u.s. is SEC action against by
32:55
Nance and coinbase. That's right.
32:57
Two of the largest exchanges in the world.
33:01
Got sued by one of the most powerful though, the most
33:04
powerful government in the world and the Bitcoin price.
33:11
Honey badger doesn't care. I guess maybe it's too early to
33:14
say but I think that's foolish, bro.
33:16
I think that's foolish. What do you think?
33:18
What are your thoughts on this Opti?
33:21
Well first off very interesting The Saga that we've seen over
33:26
the last week in regards to buying and first we heard you
33:29
know by Ned said funds or saw fou like we're not trading
33:32
unsecured, what's it unsecured or unregistered Securities?
33:38
And then the following day, We saw them or maybe two days
33:41
later. We saw them, delish, it coins
33:43
and now they are stopping the deposits of dollars.
33:47
I guess it's only a matter of time until they stop withdrawals
33:50
as well. So we will see what is
33:53
happening. But it's becoming very clear
33:56
that shit coins are absolutely dead in the United States and I
34:00
would not be wanting to be a shit corner right now.
34:02
I know there's still a lot of shit Corners out there with the
34:04
whole p.m. bags and their bags, full and expecting that.
34:09
Sec to just get run over by a finance or coinbase and that
34:13
your decentralized shit coin is is the exception, bro.
34:16
You know, like not not my shit coin, bro.
34:19
Like mine's different this time. Like this times different.
34:23
I kind of agree like this time is different.
34:25
I don't think we've ever had a government regulation, clamp
34:29
down this hard. And again before you guys call
34:31
me stay this, I'm going to cover this in the in the culture.
34:33
What what the response should be, but if you do have shit coin
34:37
bag, then you by chance. On this channel.
34:40
I think it would be a good time to dump your shit coins.
34:44
Just go into Bitcoin, be Bitcoin, only sleep, very good
34:47
at night knowing that your Bitcoin is secure because you've
34:50
taken it off and exchange any exchange at this point.
34:53
This is something we've been saying on the show for a long,
34:56
long time do not keep Bitcoin on an exchange unless you are
35:00
willing to lose it. This is this is the the the
35:03
standard heuristic of all bitcoiners.
35:06
It is not your Bitcoin if it's on an exchange, that is an eye.
35:09
You until you take that Bitcoin into self custody.
35:12
It is not your Bitcoin and we have all kinds of receipts on
35:15
the show. We have all kinds of evidence to
35:17
continuously prove that point that if you do not take your
35:20
Bitcoin into self custody, it is not your Bitcoin.
35:23
So again, I don't want to be the state is Bitcoin or that is
35:28
cheering on the SEC and clamping down on chicken wing casinos.
35:32
But hey, as a bit Corner, we've told you this like I told you.
35:36
So we've been saying this for a long time that this day would
35:38
happen. And I think it is becoming very
35:41
clear at least to me, obviously, I'm biased.
35:46
There is Bitcoin in their shit coin and I've been saying on the
35:49
show for a long time, whether it's on Spaces, whether it's on
35:52
here that it's becoming priority, number one to separate
35:56
Bitcoin from crypto because people still think that, you
35:59
know, there's Bitcoin in there's like a new and better Bitcoin.
36:03
And I think it's becoming very clear that there's Bitcoin and
36:06
their shit coin and you do not want to be holding any of these.
36:09
Bo decentralised shit coins that have a corporation or a
36:12
foundation because those are businesses and seemingly, you
36:19
know, I hate to use the the framing of the enemy, but
36:24
seemingly selling unregistered Securities.
36:27
So protect yourself. Play it safe.
36:30
You know? Stay humble Stacks at is Matt.
36:32
Odell always says, Bitcoin was designed for this Bitcoin is
36:35
anti fragile and Bitcoin is the only one that will make it
36:38
through the storm. And I think think the storm is
36:40
just beginning. So protect your own neck first,
36:44
don't fall into the shit coin. Hope IAM marketing hype.
36:48
There is Bitcoin in those shit coin.
36:50
Take your Bitcoin off the exchanges, any exchanges and
36:53
hold it in a wallet that you control the private Keys up.
36:56
Like this is how you protect yourself.
36:57
This is how you call the bluff of all these Banks do the you
37:01
know, Standard Bank Run on your shit.
37:03
Coin casino and take your Bitcoin back now before it is
37:06
too late, like it's very simple, I don't feel good.
37:08
I feel good. Out with my big one in Cold
37:10
Storage mean we're we Opti, okay.
37:13
We've reached we've reached we've reached Bitcoins n.
37:18
Ok. So we've reached you know we've
37:21
reached this Bitcoins n and the reason that we reach this
37:24
Bitcoins n as because we sleep soundly at night because we're
37:28
taking self custody of our Bitcoin and I highly suggest
37:31
Bitcoins n for everyone. It is a it's a very spiritual
37:35
experience you know realizing that you know that You are the,
37:40
you're the sole person that has access to your funds and no one
37:44
can take that away from you. In fact it's so hardcore.
37:47
That if you don't share your Bitcoin seed with your family
37:50
members, before you pass away, you can literally take it with
37:53
you. Kind of not really, but no one
37:56
else is going to take it, which I think is badass.
37:58
Anyways, you want to make it over the Finish Line with with
38:02
your, with your generational wealth, right?
38:05
And the last thing you want to do is you store your Bitcoin
38:08
wallet, seed words, On paper papers prone to water damage.
38:12
It could catch on fire, your pet could eat it.
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38:41
No more delay. Let's jump straight into the
38:42
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38:44
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Up the what's up, dude? What are we going to talk about
40:07
today? Yeah.
40:09
So you know I've been covering it all week.
40:12
I think we've all been covering it all week.
40:14
Whether you've been on Twitter whether it is us on the the this
40:20
YouTube channel we understand as bitcoiners I think I said it.
40:27
Yeah, it said on Wednesday we you know, we had a friend.
40:31
Come on here. We were very sarcastic about
40:33
everything but we also were giving you guys signal on the
40:36
idea. Yes, I know.
40:38
A lot of all pointers AKA chicoine.
40:40
Turns out there are saying that, oh, you know, these big bad
40:44
laser eyed cult Maxis are cheering on the state to
40:47
regulate and pick winners and losers in the Bitcoin and crypto
40:51
space and we're all in this together and all this be S&S.
40:55
Bit quieter like, bro. Like no, we're not even telling
40:59
you. This was going to happen for a
41:01
long time and what's it like the blade meme, you know, like we
41:04
told you to take your Bitcoin into South custody We told you
41:08
to dump your shit coins for Bitcoin.
41:11
We told you to stop scamming people.
41:13
And now that the now that the SEC is that the gauge you want
41:17
to come to me for help. That's kind of a troll if you
41:20
know the blade meme. It's just a little little
41:23
variation on it, but this is how it feels.
41:25
And I'm using this tweet right here by Odell as a jump-off
41:28
point, and he goes, Bitcoin is designed to be incredibly
41:30
resistant to government pressure and was built to withstand this
41:33
exact situation. And a lot of the things that has
41:37
become Talk about sometimes seem only theoretical until you get
41:43
these moments and times. When there is a practical
41:47
example of what we were talking about and for a long time, you
41:51
know, we've seen China Crackdown on Bitcoin.
41:53
Now we're seeing the SEC and other u.s. regulations trying to
41:57
crack down on, you know, right now crypto.
41:59
And there's a lot of conflation on Twitter from all corners, and
42:03
VC capitalists shit, coin VC hapless saying like oh bro, like
42:08
In This Together. Remember, you know, we did good
42:11
in the past and you Bitcoin Maxis or cult members.
42:14
Well I really like this piece right here by Pierre.
42:16
Richard again, I am a huge fan up here.
42:20
Richard, I will admit freely. He is, you know, I stand here
42:24
because he's the go and I wouldn't be here without the
42:26
work that Pierre has put in over the years and he always has a
42:30
way of eloquently explaining what is going on.
42:33
He's over, he's always a sober Bitcoin.
42:35
ER and so I really want to read this little piece that Put on
42:38
Twitter because not only does it explain what all of us
42:41
bitcoiners know to be true but hopefully it'll explain to you
42:44
all Corners you should Corners out there.
42:45
Why bitcoiners are quote unquote, toxic why we believe
42:49
what we believe and I think it's an important message.
42:51
Anyways here's a tweet by Pierre rochon to goes.
42:54
It's understandable, why some might perceive Bitcoin
42:56
maximalism as cult-like due to the community staunch conviction
43:00
in Bitcoins potential. However, this is a misconception
43:03
primarily based on misunderstanding the principles
43:05
that underpin Bitcoin maximalism.
43:08
Bitcoin maximalism at its core is an ideology based on a
43:11
rational, assessment of Bitcoins unique features
43:13
decentralization, robust security, widespread adoption
43:16
and a transparent immutable. Immutable Ledger Bitcoin was the
43:19
first successful cryptocurrency and Remains the most trusted
43:22
tested. And secure, it's proven
43:24
resilient to attacks Market fluctuations and Regulatory
43:27
pressure over the past decade, gives maximalist, a reason to
43:30
believe in its potential to become a global decentralized
43:34
store of value, even a Global Currency and This is what we've
43:39
been saying all the time, because one is the only one
43:41
that's been tested. Tried it and tested by everyone
43:44
and everything. I've said in the past, and I'm
43:46
not the first one to say this, but Bitcoin has what half a
43:50
billion half a trillion dollar bounty on it.
43:53
And if it wasn't able to withstand nation-state attacks,
43:58
even single individual hackers, then it wouldn't be running as
44:03
well as it has for the last 14 years.
44:05
Bitcoin is the only one that's been tested in.
44:06
This is why as a bit Corner as a Bitcoin Maxi.
44:10
I trust the network I trust in the in mathematics and there is
44:15
no single point of failure when it comes to bitcoin.
44:17
You guys all running the nodes, We Run The nodes, we are the
44:21
ones that run the network and it is the only truly decentralized
44:24
Network in the world. There's nothing that even comes
44:27
close to bitcoin. And then that's not even talking
44:29
about the hash power. Bitcoin is the strongest
44:31
supercomputer in the world. Anyways, there's also a
44:33
philosophical aspect of Bitcoin maximalism.
44:36
Maximally see Bitcoin as a bulwark.
44:38
Financial malpractices, economic inequality, and the
44:41
capriciousness of centralized systems Bitcoins birth, in the
44:44
wake of the 2008 financial crisis symbolizes, its role as a
44:47
challenger to the status quo offering an alternative to
44:50
traditional banking systems that have often failed to Common
44:54
People. Bitcoin maximalist aren't just
44:55
committed to a coin, the committed to a cause and I know
44:59
all you bitcoiners out there that show up every single day.
45:01
Know exactly what I mean while the community's enthusiasm might
45:05
seem dogmatic to Outsiders. It's essential to English
45:08
between fervor for a belief system and the negative
45:10
connotations of a cult Bitcoin maximalist doesn't involve Blind
45:14
Faith or unquestioning obedience but rather a shared
45:17
understanding of Bitcoins potential based on experience
45:20
research and observation. It is a movement fueled by
45:22
conviction but also by an openness to dialogue critical
45:25
analysis a review. So while Bitcoin Maxis may seem
45:29
like a cult from the outside it's not one in the true sent it
45:32
to community of Believers. Yes but also of Skeptics
45:35
thinkers innovators and activists who share a belief You
45:38
and the transformative potential of Bitcoin.
45:41
If you've been on bitcoin Twitter, for yes, at the Pierre,
45:45
if you've been on bitcoin Twitter for longer than a couple
45:48
of months than, you know, that bitcoiners hate, you know, what
45:51
bitcoiners hate more than shit Corners.
45:53
They hate bitcoiners. We fight constantly.
45:56
We are constantly looking at each other and trying to sharpen
46:00
our swords in this battle because we realize, or at least
46:04
most of us. Think the same thing like we
46:05
have one choice, one opportunity.
46:08
Petit to really change the world.
46:09
And this is why Bitcoin is are so serious on Twitter because
46:12
this is a very serious thing we are doing here we are, we are
46:16
literally David versus Goliath at this point and everything is
46:23
Up like we're up against all of the powers of the world and I
46:27
think it's very important for us to not get lost and, you know,
46:30
having fun and, and you know, making games and and fucking
46:34
around. It's for you.
46:35
No excuse my French because it is very important.
46:38
What we're doing, we are trying to help Humanity.
46:40
This is the most important experiment.
46:42
The most important project in the world right now and is
46:44
Bitcoin. And to all the shit Corners out
46:47
there that, you know, are feeling the pain.
46:49
They're afraid and they're like look, bro, we're all in this
46:51
together. You know, like remember, you
46:54
know, we were the first ones here and like, we've done so
46:57
much for adoption and like please, bro.
47:00
Like trust us like, we're in this together.
47:02
How you stateís? I brought this tweet?
47:05
Well, it's really on Noster, but Jimmy song did put this on
47:07
Twitter and I love this example, I love how Jimmy frame this, and
47:13
this would be my response as well, but I am not as eloquent,
47:16
as Jimmy song. Anyways, he goes how to answer
47:19
shit, coin, be seized and she Corners during this time and he
47:22
goes Why aren't you back in us in our struggle against the
47:25
harsh measures imposed by the government and bitcoiners go
47:28
Bitcoin was designed to be immune to government
47:30
interference. You however, presented yourself
47:33
as decentralized and hope that the government would buy it, we
47:35
have little sympathy for such foolishness, aren't you?
47:38
Opposed to government authoritarianism indeed, we are
47:41
that's the primary reason we choose Bitcoin.
47:44
We value sell sovereignty and believe in being our own bank.
47:47
We support individuals acting as their own Banks rather than on
47:50
alternative Bank like shit coins and shit coin.
47:52
Those but we're contributed significantly to bitcoin
47:56
adoption. Shouldn't you back as for our
47:58
efforts a decade ago, that's not how it works.
48:01
We support you when your actions are commendable, but we seized
48:04
our support, when your actions harm, the cause you don't get to
48:06
rest on The Laurels of what you did a decade ago, frankly the
48:09
harm you've inflicted over the past.
48:11
Decade far outweighs any previous benefits.
48:14
What do we say? Shit, corner to make us all look
48:16
bad. You should still support his
48:17
bro. Otherwise, they might Target you
48:19
next, bro, that remains to be seen for one.
48:22
Bitcoin doesn't have an obvious Target.
48:24
There's no Central Foundation or entity that conducted the coin
48:27
offering moreover Bitcoin was designed to withstand
48:30
governmental assaults. Just because you're crumbling
48:32
under such an attack doesn't mean we will.
48:35
In fact we believe will fare much better and such an attack.
48:38
Might finally make it clear to people that Bitcoin and crypto
48:42
on. It's Anonymous, you're being
48:44
incredibly toxic to you and other forms of centralized
48:47
currency indeed. We are we are not in this
48:50
together and as BK put here Bitcoin doesn't need you, you
48:55
need Bitcoin. People who need Bitcoin will
48:57
find Bitcoin, repeat internalized and make this your
49:00
morning Mantra. And I think this is kind of
49:02
where we are right now. What we've realized is look,
49:05
we're not bigger than Bitcoin. We are users of the Bitcoin
49:08
Network. And this is why Nico, and I have
49:11
taken a much more serious voice in regards to bitcoin.
49:15
Yes, we keep it light-hearted to entertain you, but I've
49:18
understood one thing as well. Like, this is the most important
49:21
thing we can be. Doing as as a, you know, a
49:24
productive member of society is pushing Bitcoin forward, and
49:29
instilling the best Bitcoin practices.
49:30
The people, and, of course, it's not easy, but you need Bitcoin.
49:35
More than Bitcoin needs you. We are all interchangeable in
49:38
regards to the network, no, one is bigger than the network and
49:41
that's the beauty of Bitcoin. There is Bitcoin and there's
49:44
shit going again to double down on Adele's message.
49:47
Bitcoin is designed to be incredibly resistant to
49:49
government pressure and was built to withstand this exact
49:51
situation. As alpaca SW says on Twitter.
49:55
The party hasn't even started yet.
49:57
This is just going after. The exchanges going after the
50:00
coins is level 2 and a Dell says, few understand this.
50:04
And of course I got to add a mean, epic meme at the end of
50:06
this say it with me now there's Bitcoin and there is shit coin
50:11
guys. If you still have shit coin bags
50:13
highly recommend that you dumped them divest as soon as possible.
50:18
Hold Bitcoin only take Bitcoin into self custody take it off.
50:22
Ages. This is how you protect
50:24
yourself. No one's going to protect you.
50:26
You think this shit coin casinos are going to protect you.
50:28
You think that big daddy government going to protect you
50:31
know this is the whole thing we talked about here every single
50:33
day take responsibility take Bitcoin into self custody do not
50:38
trust anyone with your money. This is the whole thing that
50:41
Satoshi design, the financial system is designed on trust and
50:44
the middle men have extorted that trust.
50:49
Do not trust these people with your money.
50:51
Take your Bitcoin in the self custody.
50:52
I don't care where you get your Bitcoin from.
50:54
Just make sure you take your Bitcoin into self custody
50:56
because you cannot trust these people to not exploit.
50:59
You we've seen this happen over hundreds of years.
51:03
It's a common human occurrence. If you give people your money,
51:08
they hold it long enough, they're going to abuse you.
51:12
We don't have to, we don't have to take the abuse anymore.
51:14
Anyway, I think I ranted enough. Boom, dropping hot fire.
51:18
Holy We have to do more culture have to do more culture
51:21
segments, like that? That was that was that was
51:23
inspirational Opti opt he's back, he's back with a vengeance
51:27
dude. I don't know.
51:28
I don't know what I could add to that man.
51:30
Just take your Bitcoin into self custody I think Opti covered it.
51:34
I think often covered agree. Anyways guys I also want to give
51:37
a shout-out to one of our sponsors, the orange pill app,
51:40
it's building the social layer for Bitcoin, as crazy as this
51:42
sounds without the without the people Bitcoin is just ones and
51:45
zeroes. Bitcoin is the people Bitcoin is
51:47
you it's me it's opted. She download the orange, pull up
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for iOS or Android connect with other big Corners in real life.
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Find other plebs that live near you and you can go into the app
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totally and on and search for other bitcoiners by common
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interest. Orange pill app is also the
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world's biggest repository for Bitcoin only events.
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If you want to meet other bitcoiners in real life, this is
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the app for you. Sign up, through the App Store,
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and you can even pay and SATs, download the orange pull up
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today and opting. I appreciate all the messages
52:12
that we get from you guys. Thank you for all the love
52:15
everybody. Anyways everybody no more delay.
52:18
Let's jump. Straight into the meme review.
52:20
Let's do it. The daily meme review brought to
52:26
you by Kaboom racks. I get this question all the
52:28
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52:29
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Kaboom racks. Kaboom wait, stay wait, audience
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out there. Say it with me.
52:56
Kaboom gotta say we gotta be synchronized.
53:02
Well, what to do because I believe I got review.
53:10
Shout out the wine in the chat. He's like put them in review
53:12
first. Well guys, you have to deal with
53:14
everything to get your cupcake and cherry on top, which is 2
53:18
Min review. As you can tell.
53:20
We are in an information War tweet to the bullets, memes of
53:23
the artillery continue to get the cause of actions out there,
53:26
continue to ridicule. The corporate press continue to
53:29
keep your friends morale up, because we really are soldiers
53:33
in in this in this battle. And at someone said, I think it
53:36
was a moon guy. BTC Moon guy.
53:40
I think it was, he said hot, or fatigue is real and we've all,
53:44
you know, if you've been around for a cycle or two, even you
53:48
have down days So it's important to continue to keep morale up,
53:53
make sure you're spreading the Bitcoin signal and also, you
53:57
know, hey ridicule is one of our most powerful tools in the tool
54:01
bag. So continue to ridicule the
54:04
corporate press anyways. Anyways, tag us on Twitter at
54:08
simply Bitcoin TV on Twitter and or drop them in our telegram
54:12
group and I will do my best to get as many Bitcoin memes on the
54:17
show as possible. Anyways, its first meme is By
54:20
Maxis Club. Absolutely slang it out there.
54:22
I really like these the format you have over here, maybe it's
54:25
because I'm colorblind, and they're really bright and they
54:27
pop. Anyways, we got a Bitcoin hudler
54:30
here, a little pep. A hard layer over here.
54:32
And he's has his orange cup that says GM.
54:35
If you don't know. Now, you know, good morning and
54:38
it's a hog Oiler, and he's got his coffee, you know me, I'm
54:42
drinking water now because I got too jacked up on coffee this
54:45
morning, but the coffee going into his good morning cup as a
54:49
hablar is just Is Bitcoin Tweets in?
54:51
This is why all of you guys continue to show up on Twitter
54:53
so you can just stay bullish, AF all day every day.
54:57
Anyways, this next meme is by Mitch, Klee underscore on
55:00
Twitter, and he goes, it's that time of the week again, and we
55:02
got a, what's this? I don't remember what this sport
55:05
is, but it's the one where they, you know, they they Slide the
55:10
little circle thing on the ice. So you can tell after he doesn't
55:14
remember anything about popular culture, but this is the
55:17
Olympics and we got the USA olympic.
55:20
What's it anyways? I'm not even going to try to
55:22
remember what it is and it's a Bitcoin.
55:24
ER, and he's doing this funny pose and he's sliding his weekly
55:28
DSA because it's that time of the week again and you're
55:31
getting your paycheck and you're going to stack them SATs.
55:34
Because all of us do the same thing, is you take a small
55:37
amount of whatever money coming in and you stack it consistently
55:41
always pay yourself first. This is the way anyways, it's
55:44
next one, I really like this one.
55:45
This is Anya AKA @jd Tesla 70. On Twitter, and she goes,
55:51
founding fathers would be bitcoiners.
55:54
But the picture here is Mel, Gibson in Brave heart, and he's
55:57
got the early American flag, but with the Bitcoin logo on it and
56:01
the laser eyes, I, I 100% believe that the founding
56:05
fathers would also be bitcoiners and on this one based off, the
56:09
last one, is this one? I know this is.
56:13
This one's a little on the gray lines Nico.
56:15
But anyways, this one's a BTC underscore culture and he goes
56:18
Susan. Not all men, just want sex.
56:23
Some men just want to leave this sick Society started Bitcoin
56:25
Citadel and pay zero taxes and all the Chad Bitcoin is go
56:28
perfect. This is the way.
56:30
Okay. Anyways, this next week we
56:35
should rename this segment. Just neat, make Opti, makes Nico
56:38
feel uncomfortable, this is the way.
56:40
Anyway, this next me, that one, that one was Pete.
56:43
That one was PG enough to withstand the H PG, 13, both
56:47
youtubed. Okay, with PG-13, okay?
56:50
Next one isn't in PG, it was PG-13.
56:52
Dude, I just said the f x word. It's not that bad.
56:57
Am Lee, friendly show Opti. There's all right, I mean, I'll
57:00
forgive me, forgive me, I guess. Not really, I did that one.
57:04
Hey, I know what my audience likes over here in the memes and
57:07
that was a good meme. Okay, next one is at Greg's Aaj
57:11
one. And he goes, why you so quiet?
57:15
What's on your mind? And we got this guy over here
57:17
and he's licking his super clean and goes none.
57:19
Of this shit falls on the side of the Howey test, they want it
57:22
to fall on. Absolutely wrecked and
57:24
devastated. Anyways, this next memes by the
57:26
BTC therapist and it goes, Gary's finally cleaning up the
57:29
shit. Coined Bitcoin will destroy your
57:30
models. Nothing is priced in and we got
57:34
Gary Gensler here as mr. Clean with the Bitcoin logo on
57:37
him and he's wiping away crypto. Absolutely wrecked out there.
57:42
And of course shout out to my boy Copernicus and he goes
57:45
simply Bitcoin TV. We Run The nodes.
57:48
We were talking about this on space.
57:49
Aces yesterday and here's the cat Army, the Kate Army over
57:54
here and goes, there's a play on of Courts, the classic Fight
57:58
Club node. We run the known to me and goes.
58:01
We Run The nodes, do not fuck with us.
58:05
This is the point of what we talk about all the time, run the
58:08
Bitcoin software for yourself, take your Bitcoin into South
58:11
custody and do not mess with the Kate Army out there.
58:16
What a day. What a day.
58:18
Anyways, freaking day, dude! What drop Drop?
58:20
Your Meme review score. Wait in the chat and we will
58:25
cover it live. Anyways, my mean review score
58:28
for today. Again, I am back here with PTC
58:32
Pence at obsessed mentality and I'm picking this card right
58:36
here. Bitcoin is dead.
58:38
What killed it this time? That's my score when I give it
58:43
an orange, little bottle, the Magnesium of magnesium folk,
58:49
there we go. Magnesium.
58:51
Wow! Magnesium not.
58:52
Shout out to my car boy. Mike Hobart.
58:55
I was talking to him this morning and I was like, dude,
58:57
I'm so jacked up on coffee, he's like, get some magnesium, and
59:01
some water, I'm like, oh, I'm out of magnesium.
59:04
All right, before before, I want to give a shout-out to our
59:07
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point where we go in before we go in the meme is curling
59:36
olympic. Curling, definitely forgot.
59:39
All right. I opted to use a curler.
59:43
I wish remember when we bowled. Yeah and he does have a
59:50
surprisingly good Opti Opti and I bulb we both like bowling
59:54
bowling style. You just throw it hard.
59:56
Just throw it hard. Throwing hard.
59:59
Alright. Rave elevator score.
1:00:01
My s9s hunting for solo block. Oh yeah, I heard that someone
1:00:05
got a solo. Minor got a block good.
1:00:08
The other day for you love that. Guardian healer.
1:00:10
I give those Memes one athlete in the sport known as curling
1:00:13
AKA sliding the puck on the ice thing.
1:00:17
Okay. Yeah.
1:00:18
Like it, this guy gets it. Tyler Durden swallow.
1:00:22
The red pill. I score spoon.
1:00:25
Very nice. There is no spoon.
1:00:27
There is no red pill, it's an orange pill.
1:00:29
Frank arnai give the memes a Canadian.
1:00:31
That's does a deep statement if, you know you know Frank aren't I
1:00:35
give the memes a Canadian soft Landing.
1:00:37
While the entire place is literally Bernie.
1:00:42
Planet Earth. My means for lots and lots of X,
1:00:44
this weekend for everyone building Bitcoin families and
1:00:48
the off the filter fails. Once again, Brentwood, ready,
1:00:51
G13, Brent, Brent, enjoy. But hold on.
1:00:54
That was wholesome. We are building families.
1:00:56
This is wholesome. Brent Droid, I vote for the DC,
1:01:00
a curler obviously opt he's not a golfer.
1:01:02
Hey, I'm just learning how to golf.
1:01:04
All right? I just had a hard, bro, it's
1:01:06
not. It's really a lot harder than
1:01:08
you. Think.
1:01:08
You hit it hard Phil? See, I Give these memes 10,000
1:01:11
stats for mongers headstone. And she's this is not a
1:01:15
non-violent self. Custody becomes the most most
1:01:18
used phrase and people begin to take responsibility and
1:01:21
everything they do. We can only hope well tacos.
1:01:26
I give the memes one metric ton of magnesium.
1:01:28
Oh no, no nothing like that. What is that?
1:01:32
I don't even know what that is. Vicki going.
1:01:35
Victor Salazar give the memes my pruned node score.
1:01:39
Very, very good. Wait, two more, two more Hollow
1:01:43
coin. I give the memes a ticket slash
1:01:45
membership to the city to that Citadel.
1:01:47
Very, very nice. And then think orange, I give
1:01:50
the memes PG-13, Citadel sounds boring.
1:01:59
Anyways, everybody, thank you so much for tuning in to the Friday
1:02:03
special of Simply Bitcoin. I know today was a was a special
1:02:08
episode, but you guys were, requesting it in the chat all
1:02:10
week long. So we heard your, we heard your
1:02:12
calls, we heard your questions. We tried, we tried to get them
1:02:17
answered. So yeah, appreciate you guys
1:02:20
tuning in. If you enjoyed the episode, you
1:02:21
know what to do? Smash that like button and
1:02:23
consider subscribing. If we feel like we provided you
1:02:25
value, but the number one thing you can do to help push the
1:02:28
peaceful Bitcoin Revolution is share Bitcoin content, share
1:02:31
this content, share Bitcoin content, get the message out
1:02:34
there. So people like Erica Friedland,
1:02:35
can't just literally lie, blindsided to the people, we
1:02:40
gotta educate people, we gotta wake up people to the reality
1:02:43
that is not left versus right, it´s, Orange versus green.
1:02:46
And the way that you do, that is just trying to open up people's
1:02:50
eyes and be inclusive in your language, be understanding of
1:02:53
people's. You know, differences and, you
1:02:56
know, you know, backgrounds and religions and all that and none
1:03:00
of that stuff matters. It's you.
1:03:03
That is the divide and conquer is literally the
1:03:05
divide-and-conquer. That's what they do.
1:03:08
Try to pit you against each other while they print and
1:03:11
robbed everyone blind, right? And Bitcoin is the solution to
1:03:14
this. Bitcoin is the great unifier, it
1:03:17
will unify mankind. It will bring together people
1:03:21
that, you know, you could have never have imagined that they
1:03:23
had. In common.
1:03:24
But now they do have something in common and that thing is
1:03:27
Bitcoin, right? And that's the beauty of it, the
1:03:29
incentives of a, this incentives are aligned in this beautiful,
1:03:33
beautiful Network, you know, that is really really going to
1:03:37
fundamentally change the world for the better.
1:03:40
Anyways guys enjoy your awesome weekend if you want to hang outs
1:03:43
in the simply Bitcoin after-party check out Twitter
1:03:47
spaces which we co-host with our friends over at Swan Bitcoin
1:03:50
best place to build your Bitcoin stack.
1:03:52
Shout out to the best producer. The game producer, Jacob.
1:03:55
And we're going to be hosting that until 2 p.m.
1:03:58
Eastern Standard time, but until then, I'll see you guys on
1:04:02
Monday. 12:15 p.m. Eastern Standard Time for
1:04:04
another episode of Simply bitcoind live.
1:04:07
Peace out, everybody. Hello.