Latest / Simply Bitcoin / Taiwan's Next Embracing Bitcoin?! | EP 863

Transcript

Taiwan's Next Embracing Bitcoin?! | EP 863 · Simply Bitcoin

• 0:20
  It's all going to zero against Bitcoin.
• 0:23
  It's going up forever. Warren.
• 0:32
  You're against Bitcoin. You're against freedom, yo.
• 0:37
  What's up? We are back.
• 0:39
  We're back for another episode of Simply Bitcoin, and today is
• 0:43
  an interesting story. I did have to do some deep dive
• 0:45
  for this one, so game theory is heating up in China, guys.
• 0:48
  The first reading of Taiwan's crypto bill passes, and
• 0:52
  depending on the source, Taiwan might be on the verge of making
• 0:55
  Bitcoin legal tender. January 2020.
• 0:57
  Fourth, it almost seems like this is happening.
• 1:01
  It's almost like it's inevitable.
• 1:02
  And Taiwan is embracing Bitcoin. And we all know the saga between
• 1:07
  China, that we know that with one China policy.
• 1:10
  We've been covering this all year and we know how many times
• 1:13
  China banned Bitcoin, they banned mining.
• 1:16
  We've seen even Taiwan themselves try to ban Bitcoin.
• 1:19
  But of course you can't ban Bitcoin.
• 1:21
  You can only ban yourself from Bitcoin.
• 1:23
  And even this week, you know, on mainland, Hong Kong has been
• 1:28
  mulling over whether they are going to embrace an ETF as well.
• 1:32
  So it really makes you wonder. And if you go back for a couple
• 1:35
  episodes, Nico and I went over this of the idea of maybe China
• 1:41
  is using different proxies to embrace Bitcoin after officially
• 1:45
  banning Bitcoin last, You know, the last, the last dip we saw, I
• 1:49
  think that was 2021. Now it's all a blur at this
• 1:52
  point. Some days they're banning it,
• 1:54
  some days they're embracing it. Well, it seems like China or
• 1:57
  Taiwan, forgive me, is about to make Bitcoin a legal tender.
• 2:04
  And remember one of the IR LS we did, we had a friend come on
• 2:07
  here and I'm blanking on exactly which one it was.
• 2:10
  But he said basically that what they mean when they say crypto
• 2:15
  is really Bitcoin, and they do not talk about what they have
• 2:19
  under their mattress. So whenever you're hearing
• 2:21
  crypto come out from the Asian countries, from China in
• 2:25
  particular, remember that they know what we know.
• 2:28
  It is Bitcoin only, and there's Bitcoin, and then there's other
• 2:32
  cryptos. Anyways, Bitcoin's global game
• 2:35
  theory, chess matches playing out in real time, guys.
• 2:38
  And as a bitcoiner, you just love to see it.
• 2:40
  The Mexican standoff is continuing to get spicier.
• 2:43
  It's continuing to heat up and it's going to be very
• 2:47
  interesting to see which countries get left behind, which
• 2:49
  countries don't embrace hard money, and also in that same
• 2:54
  vein, which countries are fighting their citizenry and as
• 2:58
  we always say, forcing them to have fun staying porn Anyways,
• 3:01
  Welcome to simply Bitcoin. We are your number one source
• 3:03
  for the peaceful Bitcoin revolution.
• 3:04
  We cover breaking news, culture and nomadic warfare.
• 3:07
  We bring on bitcoins from all around the world, from the
• 3:09
  biggest names to the everyday bitcoiner.
• 3:11
  We going to mall and we will be your guide through the
• 3:14
  separation of money and state. And of course I am not here
• 3:18
  alone guys. I am here with Dell the funky
• 3:21
  huddle Sapien. How are you doing this morning,
• 3:23
  Dell? Good.
• 3:24
  I'm dandy. I'm chilling, relaxing,
• 3:27
  moisturized in my own lane. Sitting in a a fit 45 gallon tub
• 3:33
  of of lotion right now, it feels pretty luxurious.
• 3:38
  Absolutely love it. OK.
• 3:40
  Well, Dell, what are we going to cover on the culture today?
• 3:46
  We're going to cover that. You can't really stop the
• 3:48
  Internet. You can't stop things from
• 3:50
  happening the way you want it to.
• 3:52
  I imagine most of the people that come to this channel are
• 3:55
  interested in Bitcoin surviving. That's that's my assumption.
• 3:59
  There might be some people that come past by like, oh, what's
• 4:01
  this all about? But I get the impression that
• 4:03
  the regulars that I see in the chat, your Roman, your Winekiss,
• 4:07
  Tyler Durden. What?
• 4:07
  I'm not going to try and talk for Winekiss.
• 4:09
  He's a, he's a he's a strange cat, that one.
• 4:12
  These people let it be in, day in and day out.
• 4:15
  They they're people that are they.
• 4:16
  They understand Bitcoin to some degree.
• 4:18
  They like it to some degree. And they're, yeah, thumbs up to
• 4:21
  that Bitcoin thing. But the idea that it could die
• 4:25
  or shut down is not something that a lot of us think about all
• 4:29
  that much. We're like, oh, it's it, it
• 4:30
  can't happen. But like, here, here's a
• 4:33
  question for you, Opti. If if you were given a
• 4:35
  challenge, let's say let's say somebody comes along, Michael
• 4:38
  Saylor, whatever, anybody that you know has the money and say
• 4:40
  I'm going to give you $1,000,000 bounty to shut down Bitcoin.
• 4:45
  Could you do that? Do you think you could?
• 4:47
  Not for a million. There's literally 1/2 a trillion
• 4:50
  dollar bounty on Bitcoin. You got to, you got to, you got
• 4:53
  to put those numbers up. Well, like, do you think you
• 4:55
  could do it at all? Me personally, no.
• 4:58
  Yeah, yeah, exactly. And so the the idea that there
• 5:01
  is some individual out there or group of people that can shut it
• 5:04
  down is preposterous, but yet they're still and we're going to
• 5:08
  play this clip. People out there that are
• 5:11
  honestly, they're they're relatively smart people in many
• 5:13
  fields, and there's a lot of really smart people that don't
• 5:15
  understand Bitcoin. It's like shut down, shut down
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  the Internet. Like, I what what are you going
• 5:23
  to do? Go in people.
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  People are concerned about that Dell.
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  That is definitely on people's minds.
• 5:29
  Well, I get that, but why? Like tell me how that happens?
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  Like walk me through exactly how how would how that would work
• 5:36
  like please? Like if if you can do it.
• 5:39
  If somebody can do it. I I truly, as much as I would
• 5:42
  like to see tomorrow would like you would like to see somebody
• 5:46
  shut down Bitcoin. So we're going to be talking
• 5:47
  about that in the culture like it you can't do it.
• 5:50
  Like I I I want you to if you can if somebody in chat can do
• 5:54
  that by all means go go and do it.
• 5:56
  Because we need to know that that that's a vulnerability when
• 5:59
  we need to know how that could happen and oh wow, there's a guy
• 6:01
  that's in the the simply Bitcoin chat that has the ability to go
• 6:04
  and flip a switch and shut off Bitcoin that we should know
• 6:06
  about that. And I mean that'd be so funny.
• 6:11
  Someone in the chat just shuts it off anyway.
• 6:13
  Anyways, side tangent, side tangent.
• 6:16
  I mean we even see it and and we hear this all the time.
• 6:19
  I hear this all the time. When I talk to my normie friends
• 6:21
  out there, they're like what if you know like in 2017 it was
• 6:26
  like what if China bans Bitcoin? And look, they did it and it
• 6:30
  didn't stop Bitcoin. I am convinced that every three
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  letter agency around the world, that nation states have also
• 6:36
  tried to attack Bitcoin and they continue to try to attack
• 6:39
  Bitcoin, but they can't stop this.
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  They cannot stop digital money for the digital world.
• 6:45
  And even if the even if we got like some weird by chant, EMP or
• 6:51
  something that shut off all of electricity, we will never go
• 6:55
  back to a time without the Internet.
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  I am fully convinced of that the Internet is something that that
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  is ubiquitous with the modern world.
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  It put a pause on things like if if people have talked about
• 7:05
  that, they're like, Oh well, what about OK, well, just
• 7:07
  imagine if, if things that are escalating over in the Middle
• 7:10
  East and then the whole Russia, Ukraine thing, like, imagine
• 7:12
  things really take off and they detonate a nuke in the
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  atmosphere over every country in the world and all the Internet
• 7:19
  goes out. What about your Bitcoin then?
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  Like, do you even hear what you're saying?
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  Like imagine that scenario and the the the thing that is going
• 7:27
  to be on people's minds is food, shelter, is my family safe?
• 7:32
  And then probably after the 1st 24 hours where can I get, I'm
• 7:37
  just going to say a hand job. What where where are the sex
• 7:41
  workers? Like where where can I go and
• 7:43
  trade these bullets that have been stocking up for, you know,
• 7:45
  a little me time with with old destiny over there?
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  And I do mean old, because she was in the business for Hockman
• 7:52
  and she's looking a little worn out, but she's got the
• 7:54
  experience. And that's who you're going to
• 7:56
  want to go to. When times are tough, you're
• 7:58
  going to want to go to the person that knows how to get you
• 8:00
  to that happy place. So yeah, you're going to check
• 8:03
  in on Destiny and give her some bullets for some fun times, but
• 8:06
  you're not going to be thinking about Bitcoin.
• 8:07
  You're not going to be thinking about like cat pictures and trad
• 8:11
  wives on Twitter talking about how they're grass feeding their
• 8:15
  goats. No, you're not going to be
• 8:18
  paying attention to any of that. You're going to be like, what do
• 8:20
  I need to survive? That's it.
• 8:22
  That is that is it. That's all you're going to be
• 8:24
  paying attention to. So this idea that, Oh well, what
• 8:27
  happens to your Bitcoin, it's like, come, go fuck yourself.
• 8:31
  What are you talking about? Listen to yourself.
• 8:33
  Like, is grandma alive and in her nursing home?
• 8:36
  Because there's no oxygen on? Like, is it?
• 8:40
  What's your first concern if if the nukes go off and there's no?
• 8:44
  Internet Opti is it? Well, is is my note still on?
• 8:48
  No, it's thinking about people in my local community and can I
• 8:51
  survive? Exactly, Exactly.
• 8:54
  All right. Well, this is gonna be a spicy
• 8:55
  one. I can already tell this is gonna
• 8:57
  be a spicy one. Let's get into the show, guys.
• 9:01
  The Bitcoin numbers. Is your Bitcoin and cold storage
• 9:04
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• 9:07
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• 10:03
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• 10:36
  Anyways, we're over here on the numbers.
• 10:37
  We're at Clark Moody's dashboard.
• 10:39
  Of course my favorite number is the block height.
• 10:41
  We are currently at 815,886 take talk next block, honey Badger
• 10:47
  don't care. Blocks keep coming in.
• 10:49
  We are what, 24,114 blocks away from the halving roughly around
• 10:54
  April 20th of 2024. So it's happening in time guys.
• 10:59
  We know exactly what's happening with the monetary policy that is
• 11:02
  Bitcoin. You would love to see it.
• 11:04
  Bitcoin is my stable coin. Bitcoin is stability Anyways,
• 11:07
  the current price on Bitcoin is $35,340 per Bitcoin.
• 11:12
  The Moscow time, AKA how much your Fiat dollars worth, AKA how
• 11:15
  much Bitcoin you can buy for a single U.S. dollar is 2830 SAT's
• 11:20
  per dollar. The percentage of total Bitcoin
• 11:22
  that will ever be issued is 93.03%.
• 11:26
  The market cap in Fiat terms of Bitcoin is $690 billion or
• 11:31
  $690.3 billion. The really monetary inflation of
• 11:35
  Bitcoin taking Fiat currencies of school is 1.74%.
• 11:39
  It's going to get cut in half. Well, I think it's going to
• 11:43
  slowly. Is it going to get cut in half?
• 11:45
  I think it's cut in half. I think.
• 11:47
  I think that's what the halving does to it anyways.
• 11:49
  Bitcoin versus gold market cap is currently at 5.27%.
• 11:53
  We are only at 5.27% of the gold market cap.
• 11:57
  The hard money gang we are coming for gold.
• 12:01
  Gold market cap is $10 trillion. Only 5% of that guys and and you
• 12:04
  guys are bearish out there. Couldn't be me, can't relate.
• 12:06
  Anyways, the total public lightning capacity is 5305.07
• 12:11
  BTC. The hash rate has been going
• 12:13
  absolutely parabolic. Of course, this is just a rough
• 12:16
  guesstimate of what is going on on the Bitcoin network, but
• 12:19
  something is happening and people are uploading and turning
• 12:23
  on a lot of a six. The last 90 days we are at 420.1
• 12:29
  extra hashes, the pending fees. Oh my goodness, it's spiking
• 12:32
  right now. 11.44 BTC, at least according to the mempool that
• 12:36
  Clark Moody is connected to. We've been telling you for a
• 12:40
  while, you wanted to make sure that you are consolidating your
• 12:45
  Utxos because things are gonna get crazy.
• 12:48
  This will probably cool down a little bit.
• 12:50
  I think I did hear that there's some like ordinal BRC 20 stuff
• 12:54
  going on right now. So is doing something with
• 12:57
  ordinal, Yeah. So that's probably why we're
• 12:59
  seeing this spike right now in the fee market.
• 13:02
  So once it gets a little cooler, oops, oops, sorry.
• 13:05
  Once it gets a little cooler, not wrong though.
• 13:07
  Yeah, but not wrong. Once you once you get a little
• 13:09
  cooler in the free market, I I suggest you guys take the
• 13:12
  opportunity, consolidate your UTXOS, make sure that you have
• 13:16
  good UTX hygiene Anyways. All right guys, I'm going to
• 13:20
  connect last night's TTO that I did with CJI.
• 13:23
  Hope you guys watch that. I do have it up here for you
• 13:26
  guys to show you that you need to go watch this.
• 13:29
  And I took a little piece out of there, but here we are.
• 13:34
  We got Neil Kashkar, and remember who he is.
• 13:37
  He's the crazy guy that was coming out when we were going
• 13:41
  through the the, you know, the flu pandemic.
• 13:46
  And he was telling us that they can print unlimited money.
• 13:50
  And they clarified that question and we got the memes of him with
• 13:53
  crazy eyes like, wait, so you're telling me you can print
• 13:56
  unlimited money? And he said, yes, That's exactly
• 13:59
  what I'm telling you. Well, here he is again.
• 14:01
  And if you listen to last night's TTO and you will listen
• 14:07
  to this this morning, you really start to realize just how
• 14:12
  detached these quote UN quote elites are, how detached the Fed
• 14:17
  is from reality. You really would ask yourself
• 14:20
  what is going on? And again I referenced the white
• 14:24
  paper constantly on here because it's literally in the first
• 14:27
  paragraph of the white paper. Satoshi was so prescient when it
• 14:31
  came to this because he saw the fundamental problem of the Fiat
• 14:34
  system. It is.
• 14:36
  It's trust based system, inherent trust that you need to
• 14:40
  just trust that these people know what they're doing and
• 14:44
  we're seeing in real time that people still seem to trust them
• 14:47
  and if you look at the data, there is no reason to trust them
• 14:53
  anyways. Neel Kashkari in this little
• 14:54
  video here goes, I'm not seeing a lot of evidence that the
• 14:58
  economy is weakening and he discusses market expectations
• 15:01
  for an interest rate cut by the central bank next year.
• 15:04
  So let's just listen to him and remember the idea that the only
• 15:08
  reason the system is continuing to hobble along as it is, is
• 15:12
  because people out there still believe these people in the
• 15:16
  suits, that they know what is going on.
• 15:18
  Trust the experts, they know exactly what's going on.
• 15:20
  Trust the guy in the suit on the television telling you that they
• 15:23
  have the economy under control, that interest rates are under
• 15:26
  control, that the Fed knows where we're going.
• 15:30
  And if you really look at the data, it may be completely
• 15:34
  different and telling you a different story.
• 15:35
  Anyways, let's listen to this guys.
• 15:37
  You said that, people. Want certainty and that you
• 15:40
  can't give it to them. And I understand that.
• 15:42
  But people don't just want certainty, they also want some
• 15:44
  sort of guiding philosophy. Do you think that Fed Chair
• 15:47
  Powell has outlined some sort of guiding philosophy on where the
• 15:50
  bar is to cut rates on where the bar is?
• 15:53
  Raise him further. Well, I think he's, he's
• 15:55
  articulated very clearly that we're committed to getting back
• 15:57
  to 2% inflation, right. There's been some chatter
• 15:59
  amongst economists that maybe we should raise the inflation
• 16:02
  target. I think he's done a great job
• 16:03
  saying that is not on the table. We're not going to do that.
• 16:06
  We're going to get inflation back to 2% and we're going to
• 16:09
  let the data guide us. We've moved very aggressively.
• 16:11
  We've made a lot of progress on inflation.
• 16:13
  We're not done yet, meaning inflation is not back to our
• 16:16
  target, and if we need to do more, we will.
• 16:18
  There seem to be a feeling in markets that the bar to cut
• 16:22
  rates has been lowered over the past week or two weeks that
• 16:25
  suddenly not only are we reaching a pause and have we
• 16:28
  seen a peak in the in the Fed funds rate, but that also the
• 16:32
  Fed will cut next year maybe surgically.
• 16:35
  Neil Dutta is talking about that and he's coming up next.
• 16:37
  Do you want to push back against that?
• 16:39
  Do you think that that the bar to cut is still just as high as
• 16:42
  it was? I have no idea where market
• 16:45
  participants are getting that. There's no discussion amongst me
• 16:48
  and any of my colleagues about when we're going to start
• 16:51
  preparing to cut rates. The only thing that's been
• 16:52
  talked about at all is that at some point when inflation is
• 16:56
  well on its way back down, if we didn't back off a little bit,
• 16:59
  the real rates will be getting tighter and tighter and tighter
• 17:01
  and that's that's real. But that's math.
• 17:03
  But is there enough weakness currently in the market, in the
• 17:06
  economy, I should say, to give you that sense at this point?
• 17:10
  Look at the last GDP print. I mean, does anybody look at
• 17:13
  that and think, Oh my gosh, the economy it we, for the last 12
• 17:16
  months, GDP has been very strong.
• 17:18
  The labor market continues to be quite robust.
• 17:20
  Yes, the unemployment rate has ticked up to 3.9%, but we've
• 17:23
  also seen a huge surge of Labor supply, which is really positive
• 17:26
  come online. So I'm looking at this.
• 17:29
  I'm seeing consumers that are strong.
• 17:31
  My air, by the way, my airplane that I came here on was 100%
• 17:34
  full yesterday. It's going to be 100% full
• 17:36
  today. I'm not seeing a lot of evidence
• 17:38
  that the economy is weakening. Oh man, oh man.
• 17:43
  His airplane's going to be full. Absolutely incredible.
• 17:46
  Anyways, there's there's a few things that that I want to touch
• 17:49
  on and and I do have something here from yesterday's show.
• 17:53
  The first thing is guys, when you're hearing this, all I'm
• 17:55
  really hearing and and I always reference this on the show, it
• 17:59
  is the the Dave Chappelle when he's a politician skit.
• 18:04
  And every time I see stuff like this, this is exactly the vibe
• 18:07
  that I always get. Basically what Neel Kashkari is
• 18:10
  saying here is like the people still trust us.
• 18:12
  The people still believe that we are doing everything in our
• 18:16
  power to control this, that we actually have control in this.
• 18:19
  And in between of all that conversation, he's like, I have
• 18:24
  no idea what's going on, but like, trust us, bro, we will
• 18:27
  figure this out. And then the next thing is in
• 18:31
  regards to the GDP and the CPI prints, we've constantly been
• 18:34
  covering this on the show. I mean, we know that the CPI
• 18:37
  numbers are completely fibbed. We can only imagine what they're
• 18:40
  doing to the GDP to continue to show that, oh, the economy is
• 18:44
  very strong. I mean, they printed a shit ton
• 18:46
  of money. Of course the economy is going
• 18:47
  to look like it's strong. You know, like if if more money
• 18:50
  is sloshing around, of course it's going to look like it's a
• 18:52
  strong economy unless you realize that it's because they
• 18:56
  have expanded the money supply. So it means you get poorer
• 19:00
  anyways, The thing he said at the very beginning is why we
• 19:04
  always bring this back to Bitcoin.
• 19:07
  People want stability in the world and if you are following
• 19:11
  the Fiat system then you know there is anything but stability.
• 19:15
  Yes, it does seem like $1.00 equals $1.00, but in reality you
• 19:19
  are getting poorer. And again, I really want you
• 19:22
  guys to go watch the TTO I did last night with CJ.
• 19:27
  I will show you the screen here. He did a master class on the
• 19:31
  true condition of the economy at this moment.
• 19:33
  We brought all the charts, we brought all the receipts for you
• 19:36
  guys and of course we angled this back into is it a good time
• 19:39
  to be buying Bitcoin? Well, yes it is.
• 19:41
  But anyways, one of the things that CJ brought up is this graph
• 19:46
  here on Shadow Stats and it is the OR the printing of the GDP
• 19:53
  and then the Shadow Stats, what they think is the real GDP.
• 19:57
  And one of the things that he mentioned was if you get a GDP
• 20:01
  print of -10% for 1/4 that is at least historically was an
• 20:08
  indication of your economy being in a depression.
• 20:12
  And this was during 2020. Again, we all know what happened
• 20:15
  in 2020. And then he said further that if
• 20:18
  you get. A negative GDP print for more
• 20:24
  than 12 months, Then you are officially in a depression and
• 20:32
  this is their numbers in red here.
• 20:34
  And they're saying that, you know, we're positive 5%, which,
• 20:37
  you know, if if you're trusting their numbers, they're showing
• 20:40
  like, oh wow, the economy is doing good.
• 20:42
  But I don't know if you guys have been seeing on social media
• 20:45
  how much outrage there's been from literally every generation
• 20:49
  out there besides the boomers that, like, they're struggling
• 20:53
  to make ends meet. They can barely buy groceries.
• 20:56
  They're they're barely be able to pay rent.
• 20:58
  People are working multiple jobs to just survive in the economy.
• 21:02
  So on you know a a personal level and it is a bit of you
• 21:08
  know just what's what's the word I'm looking to wow I'm blanking
• 21:12
  on my diction right now. You know looking looking around
• 21:15
  and and making a guess on what other people are saying.
• 21:18
  It does feel like in context people are struggling but the
• 21:23
  numbers are showing in the real numbers.
• 21:25
  If you can have and use real numbers in this economy right
• 21:27
  now remember what Balaji said on Marty Bent.
• 21:30
  The numbers are all fibbed and you don't even know what's up
• 21:32
  from down this next print after this month.
• 21:36
  It would if it's still negative, it's going to officially show
• 21:38
  that we are in a depression anyways.
• 21:41
  Do not listen to me butcher CJ we did a whole hour and a half
• 21:45
  of this last night. So if you in my opinion want to
• 21:49
  hear a sober take on what is going on in the economy, what's
• 21:52
  going on in macro, what's going on in geopolitical sense, the
• 21:55
  true condition of the economy. Watch this TTO I did last night
• 22:00
  with CJ we go through the whole thing.
• 22:03
  We I I tee it up. I even have him explain the
• 22:06
  verbiage as as simple as possible and he absolutely
• 22:10
  destroyed it. I got the chart for you, visual
• 22:12
  learners. We go through it for an hour and
• 22:14
  a half, a dense hour and a half. That, in my opinion, is showing
• 22:17
  what the true condition of the economy is.
• 22:19
  And you know, TLDR, it's not what they're saying it is on the
• 22:24
  television. The only game going on right now
• 22:27
  is basically them gaslighting the average person out there
• 22:31
  into believing that the economy is a lot stronger than it is.
• 22:34
  As long as they're fibbing these numbers and showing you, oh, CPI
• 22:37
  is almost getting back 2% and the people believe it, emphasis
• 22:41
  on the people believe it. That is the most important part.
• 22:44
  So do not trust the Keynesians out there.
• 22:46
  Of course, if you're a bit corner, you know this.
• 22:49
  But for some reason it always hits harder when you show these
• 22:53
  people in the suits out there and then you show them in the
• 22:57
  right light that guys we've been talking about this on the show
• 22:59
  for a long time, they have lost control of the Fiat system and
• 23:04
  the only thing holding it together is the trust that
• 23:07
  people still holding them. So just remember that this can
• 23:10
  change very quickly once that trust gets dropped.
• 23:13
  But in the meantime we're just early the party and and I was
• 23:17
  even I was even kind of joking with CJ last night once we got
• 23:20
  off and like this is like the big short moment where they're
• 23:22
  like, I'm not wrong. I'm just early and the guy's
• 23:24
  like that's the same thing. You're wrong and it's like, no,
• 23:28
  we're we're just early. We we, we have read the data
• 23:31
  correctly. The math is what it is.
• 23:33
  They have to continue to print money.
• 23:35
  All the numbers that they are officially rolling out are
• 23:37
  fibbed. And it just goes to show that
• 23:39
  that our economy is a phantom economy right now.
• 23:42
  And as CJ was telling us last night, we are no longer in a
• 23:47
  Republic. We are no longer in a democracy.
• 23:49
  We are in the kleptocracy. And the game going on is how
• 23:53
  long can they steal from you and how quickly can they steal from
• 23:57
  you before the jig is up. So protect yourself, saving
• 24:01
  Bitcoin, take Bitcoin into self custody.
• 24:03
  This is the way. And then of course, spread that
• 24:05
  signal to your friends and family because it could get
• 24:08
  worse very, very fast. And it's kind of what we talked
• 24:12
  about in the beginning in the sense of like what would what
• 24:15
  would be important for you in these times is community around
• 24:18
  you. Hence why we always try to wake
• 24:20
  people up so they know what's going on.
• 24:21
  Anyways, Dale, what's your thoughts on this?
• 24:23
  I think a lot of people get so hung up on the price movement of
• 24:28
  Bitcoin from this thousand to that thousand that they're
• 24:32
  they're they're like, you hear the this, the saying, missing
• 24:36
  the forest for the trees, you're so focused on this one tree that
• 24:39
  you're not zoomed out to see the whole forest and like, oh wow.
• 24:42
  There's a lot more going on here.
• 24:43
  There's birds and butterflies, and there's a bear over there,
• 24:46
  and then there's salmon swimming up the street.
• 24:48
  There's a lot happening in this forest.
• 24:50
  But you're over here, stuck your face just jammed right in the
• 24:53
  crevice of this tree. It's like, whoa, look at the
• 24:55
  cracks, look at, look at the bark.
• 24:58
  It's all brown. And it may be, oh look, it
• 25:02
  changed to a slightly different shade of brown because things
• 25:06
  are happening. Yeah, the sun is rising and so
• 25:08
  it's getting lighter, and then the sun goes down and it gets
• 25:11
  darker. That's how shadows work, your
• 25:14
  dingus. And they're also just so focused
• 25:17
  in on this one aspect of the total forest.
• 25:21
  The people aren't taking a step back and going, oh oh wow,
• 25:23
  there's a lot more going on here.
• 25:26
  And I think that people need to do that with Bitcoin.
• 25:27
  They need to get the research in because they're so focused on.
• 25:31
  It went up 100% in the year to date.
• 25:33
  It was at six, whatever, 15510 months ago for a little blip
• 25:38
  there back in December whenever it was.
• 25:40
  And now it's up to 34, blah blah.
• 25:41
  It's like just stop, just stop. Once you understand where people
• 25:47
  like Jeff Booth is coming from and you start to start like he
• 25:50
  talks about this lake house that he bought.
• 25:52
  Some years ago, I think it's like four or five years ago,
• 25:54
  three years ago, something like that, he said he paid.
• 25:57
  I think it was I'm going to maybe get these numbers a little
• 25:59
  bit wrong, but it's something like one and a half, $1,000,000
• 26:02
  for this lake house. I'm not sure if it's in Canada
• 26:03
  where where it is. I think he's out at Canada.
• 26:06
  So a one and a half, $1,000,000 for this lake house at that
• 26:10
  time, I think it was something like 300 Bitcoin to buy that
• 26:14
  lake house. Well, now the same lake house is
• 26:19
  something like two and a half million dollars, which is
• 26:21
  something like. 50 Bitcoin or whatever, whatever it is in
• 26:24
  Bitcoin. So the price in Bitcoin has gone
• 26:26
  down. So we're seeing this happen in
• 26:28
  real time. The change of dollar in Bitcoin
• 26:31
  and the price of things. You can see the price of an
• 26:33
  iPhone, you can see the price of this.
• 26:34
  And people are so hung up on, is it going to go up this amount?
• 26:38
  Is it going to go up that amount?
• 26:39
  It's just it's really simple. It's it's really simple.
• 26:42
  All that money is meant to do is to buy you the things that you
• 26:46
  want to pay for rent, pay for food, pay for the things that
• 26:49
  you need and and and want in life.
• 26:51
  And one type of money is losing its value because there are
• 26:55
  people that can control the flow of that money, and then they can
• 26:58
  print and air quotes, print, make as much of it as they want
• 27:02
  so that they can get the things that they want.
• 27:04
  And they're trying to do that at a rate that we don't notice.
• 27:08
  They're trying to steal enough so that we're not going, oh
• 27:12
  whoa, this is screwing everything's over.
• 27:13
  Because if they were to steal at a drastically higher rate.
• 27:18
  Yeah, they could get way more stuff, way quicker, but it would
• 27:21
  dump the entire economy. Businesses would go under and if
• 27:25
  too many businesses go under, then the people that want to buy
• 27:28
  the stuff won't have businesses to buy stuff from.
• 27:30
  So they it's this balance, It is a delicate balance.
• 27:33
  If they're like, well we we want to steal enough.
• 27:35
  It's like a vampire. Imagine a vampire comes up to
• 27:38
  you and goes, look, this is my my source of food.
• 27:40
  It's two people on an island, vampire and you.
• 27:43
  Well, if the vampire just goes on a a feast and just drinks all
• 27:46
  of your blood in one. Crazy night of ecstasy.
• 27:49
  Whoa, yeah, he got so full off on blood.
• 27:51
  Well then now he's dead. There's nothing else to to
• 27:54
  drink. No more blood.
• 27:56
  That's it. So the vampire has to suck
• 27:58
  slowly. He's got to drain a little bit
• 28:00
  and has to. You keep on getting weaker and
• 28:03
  weaker. And you know the problem?
• 28:04
  This vampire and like, oh, just vote the vampire off the island.
• 28:08
  Really. That that's not going to work.
• 28:10
  Like you and the vampire are the ones voting.
• 28:12
  Like you're not going to vote the vampire off the island.
• 28:14
  He's staying there. The vampire is staying there
• 28:17
  with you and he's going to keep on draining the blood for as
• 28:19
  long as he can and sometimes he's going to he's going to get
• 28:21
  a little bit more and you're going to feel a little bit
• 28:23
  weaker and then sometimes like oh OK, I drew a little bit too
• 28:25
  much blood and that that's all that's happening here on a on an
• 28:29
  on a year long scale. But yet people are back to my
• 28:32
  forest for the trees thing so focused in on oh look there's I
• 28:36
  feel a little sting on my neck. It's like, yeah, because there's
• 28:38
  a. Fucking vampire draining the
• 28:41
  blood from you. You just take a step back and
• 28:43
  take a look around. Oh wow, I'm on an island.
• 28:46
  Yeah, maybe get off the island, make friends with Wilson and
• 28:49
  then try and build a raft to do something.
• 28:51
  Yeah, I I really like to think of remember we brought on the
• 28:55
  show multiple times Jay Powell explaining why 2% inflation and
• 29:00
  he couldn't answer that question and he just basically said, oh
• 29:02
  this is just agreed upon inflation rate that you know
• 29:06
  that everyone wants to get to. What he basically was saying is
• 29:10
  2% inflation year by year is the the minimal amount of theft they
• 29:17
  can get away with without people noticing.
• 29:19
  This is how you have to frame this 2% inflation every year,
• 29:21
  which is the status quo is the most well, the little, the
• 29:27
  littlest. They can get away with stealing
• 29:31
  from you without people freaking out and people even noticing.
• 29:33
  So you got to remember inflation is theft.
• 29:36
  They couldn't they couldn't get away with all this stuff if it
• 29:38
  wasn't for inflation in the 1st place.
• 29:40
  Anyways, shouts out to Bitcoin mag Bitcoin 2024.
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  It's going to be a great time. Anyways, let's get into today's
• 30:18
  news because this is very interesting going on the Daily
• 30:24
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  securing your Bitcoin correctly. All right guys.
• 31:40
  So this news story came across our our news desk last week and
• 31:49
  it was pretty difficult to get an official like article in
• 31:54
  English on this. I I came across a lot of stuff
• 31:57
  in Chinese, but of course I'm a dumb American school student,
• 32:01
  public school student, so I can't read Chinese.
• 32:03
  So you could say that this might be some rumor mill stuff.
• 32:06
  You can you can say that maybe you know we're we're click
• 32:10
  baiting you but it is looking like Taiwan is going to become
• 32:14
  the next country to embrace Bitcoin as legal tender.
• 32:18
  So the story first broke on the block and the headline here is
• 32:21
  Taiwan officially proposes crypto bill was first reading
• 32:24
  passed at parliament. And remember the meme here,
• 32:28
  anytime you hear crypto coming out of China, what they really
• 32:31
  mean? Of course there are some shit
• 32:33
  corners out there. We we we can't deny that.
• 32:36
  But usually when they use crypto what they really mean is of
• 32:40
  course Bitcoin. And they're using shit coins as
• 32:43
  the only use case that it that shit coins actually have.
• 32:47
  Which is confusing the legislators and the dinosaurs
• 32:50
  out there because they don't understand what's going on.
• 32:52
  And then they got to regulate all the other shit coins and by
• 32:54
  the time they get to Bitcoin, Bitcoin is already out of the
• 32:57
  gate and winning. So this dropped October 27th
• 33:01
  2023 and I'm just going to read the highlights here and and I'm
• 33:04
  going to show you that this like you can find this story on a
• 33:07
  bunch of different news sources but nothing official yet coming
• 33:10
  across Reuters or like Bloomberg which you know for for better or
• 33:13
  worse is still like the official breaking of news.
• 33:16
  So quick take special crypto law if passed and enacted would
• 33:20
  require all crypto platforms operating in Taiwan to apply for
• 33:23
  a permit which is very very interesting.
• 33:25
  This law does have very stringent guidelines on people
• 33:30
  even like peer-to-peer payments. Of course institutions,
• 33:33
  exchanges, businesses. So they are definitely angling
• 33:37
  this towards a very like KYC heavy type of legislation.
• 33:43
  I I think they even want to get licenses for like individuals to
• 33:47
  transact in Bitcoin which is absolutely insane.
• 33:50
  Anyways there's no specific time limit for the second reading as
• 33:53
  of yet. We did hear that it's kind of
• 33:55
  going to happen in November and again depending on your source
• 34:00
  you they may have already announced officially that they
• 34:05
  this is going to happen. So here we go.
• 34:08
  Let's go into a little bit. A proposal to regulate crypto
• 34:10
  assets. Pass the first reading at
• 34:11
  Legislative Yuan, Taiwan Parliament according to official
• 34:15
  records. Like I can even show you the
• 34:16
  official record. Maybe you know someone out there
• 34:19
  can read Chinese. I I can't, so I don't.
• 34:23
  I don't know what's going on. You can translate it here but it
• 34:26
  just gives you a PDF. You can see here Virtual Asset
• 34:29
  Management Bill. Consider the bill you download
• 34:32
  the PDF, it's going to be in Chinese.
• 34:34
  So anyways I got some other some other sources here.
• 34:36
  This one's BNN dot network. This was a week ago but this one
• 34:40
  is very interesting. And of course you know my views
• 34:42
  on coin market cap I I say it all the time.
• 34:44
  I usually feel pretty dirty when I go on coal market cap but I'm
• 34:47
  not looking at the shit coin prices here.
• 34:50
  So we have this guest post here by Coins, Telegram English and
• 34:54
  it goes Taiwan's historic decision Bitcoin set to become
• 34:57
  official currency. So let's go in on this and I
• 35:02
  think it's very interesting. And if this happens, I think the
• 35:04
  game theory is going to absolutely go nuclear.
• 35:08
  And of course, let's not forget there is a one China policy out
• 35:12
  there. I know Taiwan is officially kind
• 35:15
  of trying to distance themselves from the Chinese government and
• 35:21
  of Beijing and Hong Kong is also saying that they are embracing
• 35:26
  the Bitcoin ETF. So you're seeing that the game
• 35:28
  theory is playing out over there in China.
• 35:30
  And we know that China is trying to angle themselves as the hub
• 35:33
  for crypto. So we're seeing that in Asia,
• 35:37
  whether it's Singapore, whether it's China or I think even Korea
• 35:40
  was saying it as well. Everyone is understanding that
• 35:44
  the field is wide open in regards to becoming a quote UN
• 35:48
  quote crypto hub. So let's get into this.
• 35:50
  This article here, our guest post here goes in a ground
• 35:53
  breaking development. Taiwan is poised to embrace
• 35:55
  Bitcoin as an official currency, becoming the world's second
• 35:57
  nation, following in the footsteps of El Salvador.
• 36:00
  Technically we do have CAR, Central African Republic, but
• 36:04
  they kind of went full ship coin and and they I think they even
• 36:07
  pulled back their official Bitcoin legal tender laws, so
• 36:12
  that one was a nothing burger. Anyways, this historic verdict
• 36:15
  emerged from the Legislative Yuan, Taiwan's unicameral
• 36:18
  legislature, after a fiercely contested debate culminated in a
• 36:22
  close vote on October 30th, 2023.
• 36:25
  At the heart of this transformative shift is the
• 36:27
  Digital Currency Legislate Legalization and Regulation Act.
• 36:30
  This pivotal legislation seeks to establish publish A robust
• 36:34
  legal framework governing the use, exchange, taxation, and
• 36:37
  oversight of Bitcoin and other cryptocurrency within Taiwan's
• 36:40
  border. Importantly, it formally
• 36:42
  designates Bitcoin as a foreign currency for international trade
• 36:46
  and exchange purposes. Under the provisions of this
• 36:49
  bill, Bitcoin assumes the status of a legally recognized medium
• 36:52
  exchange for both public and private transactions within
• 36:55
  Taiwan. It also garners recognition as a
• 36:58
  store of value and a unit of account.
• 37:00
  However, it should be noted that the bill places stringent
• 37:03
  environments on all individuals and enterprises dealing with
• 37:05
  Bitcoin. They must duly register with the
• 37:08
  Financial Supervisory Commission, the FSC, the
• 37:11
  principal financial regulatory authority in Taiwan, and adhere
• 37:14
  to anti money laundering and counterterrorism financing
• 37:17
  protocols. We hear this happen all the
• 37:19
  time. We even hear this kind of
• 37:21
  posturing in the US as well. Notably, the FSC is endowed with
• 37:25
  the authority to issue licenses for cryptocurrencies, exchange,
• 37:28
  custodial services, mining operations and related
• 37:31
  businesses. Furthermore, it holds the
• 37:33
  responsibility of crafting the standards and guidelines to
• 37:36
  ensure the security, transparency, and consumer
• 37:38
  protection of Taiwan's burgeoning cryptocurrency
• 37:41
  industry. The bills inception can be
• 37:43
  attributed to the coalition of lawmakers from diverse political
• 37:46
  affiliations spearheaded by Chain Chi Chen Chi Chung, a
• 37:51
  member of the ruling Democratic Progressive Party, Forgive Me
• 37:54
  and the son of former President Chen Shui Beyond.
• 37:59
  Forgive Me. They expressed the motivation
• 38:01
  behind the legislation, stating that it seeks to align Taiwan
• 38:04
  with the global trajectory of digitalization and innovation
• 38:08
  while bolstering the nation's economic prowess and
• 38:11
  competitiveness. And is this just one no okay?
• 38:14
  So this is where it kind of gets interesting.
• 38:17
  Remember the posturing that we have seen and we covered on the
• 38:20
  show from China, from the officials, They're basically
• 38:23
  saying like, Oh yeah, we don't like Bitcoin.
• 38:25
  Of course we ban Bitcoin, we ban Bitcoin mining.
• 38:28
  And then we've seen that officials have been going to
• 38:31
  crypto conferences and behind not publicly behind the scenes
• 38:35
  saying like, yeah, of course we're embracing Bitcoin.
• 38:39
  We see where the world is heading.
• 38:40
  So Bitcoin is not merely A technological breakthrough, but
• 38:43
  a social economic revolution. By come conferring legal status,
• 38:47
  tender status upon Bitcoin, we unlock new prospects for our
• 38:49
  citizens, businesses and our nation.
• 38:51
  This action also signals Taiwan's leadership and digital
• 38:54
  transformation and it's unwavering commitment to freedom
• 38:57
  and democracy, asserted Chen Chi Chung during a post bill passage
• 39:01
  press conference. The response to this momentous
• 39:04
  decision has been mixed, with both proponents and detractors
• 39:07
  making their voices heard. Advocates commanded as a
• 39:09
  visionary step that will position Taiwan at the forefront
• 39:12
  of the cryptocurrency industry, attracting increased foreign
• 39:15
  investment and talent as we've seen in El Salvador.
• 39:17
  In contrast, critics view it as a risky and imprudent move that
• 39:21
  could expose Taiwan to financial instability, cyber threats,
• 39:24
  fraud, and money laundering. In addition to these concerns,
• 39:28
  the bill has encounter staunch opposition from China, who which
• 39:31
  claims Taiwan as its territory has been exerting military and
• 39:35
  diplomatic pressure on the island.
• 39:36
  China banned all forms of cryptocurrency trading and
• 39:39
  mining in 2017 and has repeatedly cautioned Taiwan
• 39:42
  against actions that challenge sovereignty or undermine the One
• 39:46
  China policy. Chinas Foreign Minister
• 39:48
  spokesperson Zali Jean has decried Taiwanese decision to
• 39:52
  embrace Bitcoin as a legal tender, labeling it a
• 39:55
  provocative and illegal act that poses a grave threat to cross
• 39:58
  Strait relations and regional peace and stability.
• 40:01
  Zali, Lijan. Lee Hyon.
• 40:04
  Forgive Me has also urged the international community to
• 40:06
  reject and sanction what he views as Taiwan's separatist
• 40:10
  actions. Nevertheless, Taiwan's President
• 40:13
  Tsai ING Weng has staunchly defended the legislation as a
• 40:17
  sovereign and democratic choice of the Taiwanese people,
• 40:20
  pledging that Taiwan will not yield to China's threats or
• 40:22
  interference. She also expressed confidence
• 40:24
  that Taiwan is well prepared to navigate any challenges or risks
• 40:28
  that may arise from adopting Bitcoin as an official currency.
• 40:31
  Taiwan is a society that values freedom and innovation.
• 40:34
  We embrace change and confront challenges without fear.
• 40:37
  We believe that Bitcoin can bring positive transformations
• 40:39
  to our economy, society and culture.
• 40:42
  It can also fortify our bond with friends and allies
• 40:44
  worldwide who share our values and visions, remarked the
• 40:48
  Taiwanese president on national television.
• 40:51
  The bill is scheduled to come into effect January 1st, 2024,
• 40:54
  following a two-month period of public consultation.
• 40:56
  In preparation, the FSC has committed to releasing
• 40:59
  comprehensive regulations and guidelines for the bill's
• 41:02
  implementation by year end. So super interesting.
• 41:07
  Of course, I can't fully verify this for you guys because it
• 41:10
  wasn't Chinese. I've been doing my best to make
• 41:13
  sure that you know, I I got it from as best a source as
• 41:17
  possible, but it is seemingly happening that Taiwan is passing
• 41:23
  a quote UN quote crypto bill. Of course there is a very real
• 41:26
  concern about this, the stringent controls and all the
• 41:29
  licenses that people are going to have to jump through.
• 41:32
  But nevertheless, it's safe to say that if Taiwan does embrace
• 41:39
  Bitcoin as legal tender, as a medium of exchange, as a store
• 41:42
  of value, as a unit of exchange, then the game theory is really
• 41:46
  starting to heat up in regards to Bitcoin.
• 41:49
  Yes, El Salvador embraced Bitcoin.
• 41:51
  Yes, they made it legal tender status.
• 41:53
  But El Salvador is is a tiny, tiny country and they don't have
• 42:00
  the, I don't know what you say, maybe the reputation that a
• 42:05
  Taiwan would have. And so if rather maybe I guess
• 42:09
  it would be when this goes into practice at the beginning of
• 42:14
  next year, it's going to be very interesting to see what happens.
• 42:17
  Is this going to give China an excuse to continue to try to
• 42:23
  clamp down on Taiwan? Is this China using Taiwan or
• 42:27
  even Hong Kong? Because I I do have that ETF
• 42:29
  news up here, but seems a little unnecessary right now is them
• 42:34
  using them as a proxy so that they can kind of on the one hand
• 42:42
  embrace Bitcoin but publicly denounce Bitcoin.
• 42:45
  It just really goes to show that we're in a position of don't
• 42:50
  listen to what I say, but watch what I do kind of reaction right
• 42:55
  now. So this is a story that we will
• 42:57
  be watching for you guys, but it does seem officially the first
• 43:02
  reading of this bill has passed. I'm sure something else will
• 43:06
  come out in November. So it's going to be very
• 43:12
  interesting to see this game theory play out.
• 43:15
  And again, I know Bitcoin is a global phenomenon and I know we
• 43:20
  try to be as as globally minded as possible in this show in
• 43:24
  regards to Bitcoin and understanding that, hey, this is
• 43:28
  a global game of accumulation. But it just goes to show that
• 43:33
  whatever is going on in America, whatever the SEC is doing,
• 43:37
  whatever, whatever Gary Gensler is doing and them dragging feet
• 43:40
  on why they haven't embraced Bitcoin.
• 43:42
  Well, now that game theory is heating up because Bitcoin will
• 43:46
  be adopted by necessity. And yeah, maybe El Salvador
• 43:51
  embracing Bitcoin is kind of one of those little nothing burgers.
• 43:54
  It is is kind of one of those like little gnats and you're
• 43:56
  like yeah, whatever you you have you have no economic concern.
• 44:00
  But if China by proxy Taiwan is embracing Bitcoin, then this is
• 44:05
  it's going to heat up guys. And we know, we know the the
• 44:09
  flood coming out of China, we know they banned Bitcoin
• 44:11
  constantly. They probably banned it like
• 44:12
  47,000,000 times at this point. It just goes to show the game
• 44:16
  theory of Bitcoin is happening in real time and you cannot
• 44:19
  isolate you from the consequences of your economic
• 44:22
  allies, economic enemies embracing Bitcoin.
• 44:26
  So we're right again as a Bitcoin, and we've been saying
• 44:30
  this for a long time. This is a global game of
• 44:32
  adoption and you can't ban Bitcoin, You can only ban
• 44:35
  yourself from Bitcoin. So if you fight Bitcoin, you're
• 44:38
  only hurting yourself. You're only hurting your
• 44:39
  citizens. Yeah, like this is exactly XX.
• 44:44
  Maybe Taiwan will want all trade settlement with US and BTC, now
• 44:48
  that would be huge. They did say for trade, we don't
• 44:51
  know where this is going. Yes, of course we are
• 44:53
  speculating a little bit here, but it just goes to show that
• 44:58
  people are waking up to what El Salvador has done.
• 45:01
  People are waking up to the game that is Bitcoin.
• 45:03
  Bitcoin is maturing in real time and this train is unstoppable.
• 45:07
  TikTok, next block, honey badger don't care.
• 45:10
  Anyways, Dale, what's your thoughts on this?
• 45:12
  I think. This just goes back to what I
• 45:14
  was saying earlier about people getting lost in the price of
• 45:16
  this and that, and people are looking at this country, that
• 45:19
  country. But I've heard multiple people
• 45:21
  describe investing, getting into Bitcoin, paying attention to
• 45:24
  Bitcoin. Kind of like where we're at
• 45:26
  right now with Bitcoin, kind of like getting into paying
• 45:29
  attention, investing in the Internet as a whole back I I
• 45:34
  don't know exactly where we are if we were to try and light lay
• 45:36
  those timelines over each other. So before we got to the
• 45:39
  Internet, where it was an interconnected network of
• 45:42
  computers that could all talk to each other and we could
• 45:44
  communicate and share cat pictures and talk about Bitcoin
• 45:46
  on an on a podcast here. We had giant blocks that were
• 45:51
  the size of university dorm like just huge machines that did very
• 45:56
  little. And then as time went on, the
• 45:58
  machines got smaller and then they started getting connected
• 46:01
  and then we linked them up over long distances and then now the
• 46:04
  whole world is connected. You could never at any point
• 46:07
  invest in the Internet itself. You can invest in different
• 46:11
  companies, IBM, this, Amazon, etcetera that are components.
• 46:16
  Of the Internet cloud this and server stack that blah blah blah
• 46:20
  company that offering some service Netflix.
• 46:24
  But you couldn't invest in the system itself there would that
• 46:27
  that wasn't a thing that you could do but you can with
• 46:31
  Bitcoin which is one of the many wild wacky things about it.
• 46:35
  You can get a piece of that and people are we're definitely very
• 46:39
  early. We're not.
• 46:41
  So early as like giant block computers but we're probably
• 46:45
  around the point where things are just starting to connect.
• 46:48
  It's it's we're definitely still in the dial up phase of and
• 46:53
  maybe you go to your friend's. House to talk about it and get
• 46:56
  on AOL to chat to say, oh look, I can talk to this guy he's over
• 46:59
  in France. Oh isn't that so?
• 47:00
  Well, it's crazy, but you don't have a computer yourself.
• 47:03
  You know somebody and you've heard of people.
• 47:06
  Maybe one or two kids in your in your class at school have
• 47:08
  computers and. People go to their house to look
• 47:10
  oh look, he pulled up a picture of a cat and it's do like
• 47:13
  switching back and forth. Oh that's so crazy.
• 47:14
  And there's a it's not even video.
• 47:16
  Maybe there's some music and you go to this one website and all
• 47:19
  it is, is a looping song. We're kind of at that point
• 47:21
  right now. It's really rudimentary.
• 47:24
  It's really wacky. We've got all these hardware
• 47:27
  wallets or signing devices, whatever you want to call them.
• 47:29
  I prefer signing device and it's it's still clunky.
• 47:32
  It's not real smooth. Grandma isn't getting on an iPad
• 47:35
  and just flipping through and oh look, here's my grandson and
• 47:38
  grand it's not we're we're definitely not at that point.
• 47:42
  And because you can invest in the underlying structure of this
• 47:45
  thing, the people that get caught.
• 47:48
  Up in like, oh, I missed the boat are the same kind of people
• 47:52
  that would maybe be thinking that investing in the Internet,
• 47:55
  say you could right now would be a bad idea.
• 47:57
  Well, that's if you could invest in the underlying structure of
• 48:01
  the Internet itself. Would still be a really good
• 48:03
  idea right now because there's so much more to come down the
• 48:07
  pipeline. Yeah, we've got Netflix.
• 48:08
  Yeah, we've got this, we've got YouTube.
• 48:10
  But who knows what the future holds.
• 48:12
  The Internet is a form of communication in transferring
• 48:15
  information between each other, and we don't really know what
• 48:19
  the upper limit of that is. All we know is right now we can
• 48:22
  do a lot of really cool things, but we don't know what
• 48:26
  transmitting information. In ever higher degrees of
• 48:29
  fidelity and more data across vast distances, I I don't know
• 48:33
  what the upper limit of that is. We can look back in time and see
• 48:36
  where it started and how far we've come from 10/15/20 years
• 48:40
  ago, 30 years ago and that's been a massive leaps in what we
• 48:45
  can do. I mean I'm older than the
• 48:47
  Internet. I imagine a lot of people in
• 48:49
  chat are older than the Internet.
• 48:50
  You remember a time where there wasn't the Internet and where
• 48:52
  we're at now and those times that, like the difference in in
• 48:56
  then and now is. Astronomical and you can do this
• 49:00
  and the same thing is going to be true of Bitcoin.
• 49:03
  Even when all of the countries get on a Bitcoin standard, or or
• 49:07
  many of them, many more than are now let's say a majority of
• 49:10
  them, just like the majority of the world is on the Internet.
• 49:13
  Yes, there are certain countries that are sanctioned off and
• 49:16
  they're siloed and certain countries don't have much of the
• 49:18
  Internet at all. North Korea, but most of the
• 49:21
  developed world is on relatively the same Internet.
• 49:26
  Generally, we can all go to Netflix or some variation of
• 49:28
  Netflix. We can all go to YouTube.
• 49:30
  Generally, more billions of people can go to the Internet
• 49:33
  than not. And yes, it's I understand it's
• 49:35
  different that the government's control.
• 49:37
  I get all that. But we have access to this
• 49:40
  Internet thing most of the world when we didn't years ago.
• 49:43
  And it's still changing. It's still maturing.
• 49:46
  It's still becoming. Into whatever that is and will
• 49:49
  continue to even when I'm long dead, it will still be changing
• 49:53
  and still becoming more and more of this thing.
• 49:55
  And the same is true of Bitcoin. So if Bitcoin does hit
• 49:59
  $5,000,000 in some, let's say, 36 months from now, there's
• 50:02
  going to be people like, oh, I missed out.
• 50:03
  Oh I no, no, you didn't. That'd be like looking at the
• 50:07
  Internet now and going, oh, I missed out, no, you no, you
• 50:09
  didn't. There's still much more, so much
• 50:11
  more growth. Yeah, you could get more SATS
• 50:14
  per dollar currently. You can right now, then maybe
• 50:18
  you can 10 years from now. But that doesn't mean that the
• 50:21
  stats per dollar that you can get 10 years from now is going
• 50:23
  to be a bad idea. It's still going to be a great
• 50:26
  idea then. It's always a a great idea.
• 50:29
  Was it a better idea now than it will be then, or is it a better
• 50:32
  idea now? I think so.
• 50:34
  I don't know. I'm not going to tell you what
• 50:36
  what what is going to happen. I don't have a damn clue.
• 50:39
  But like. Was investing in Amazon back
• 50:43
  when? Was a dollar per share a great
• 50:44
  better idea then than it is now? Yeah, yeah, probably.
• 50:47
  I I guess so, because you could sell them.
• 50:49
  But. And that's a bad example because
• 50:52
  investing in Amazon is it? It's back to the Internet.
• 50:55
  It's the base layer of what this entire system is built on.
• 50:58
  Amazon isn't a base layer of what a bunch of things are built
• 51:00
  on. It's different ideas, but
• 51:02
  securities have all their the flaws that they have.
• 51:05
  And if you haven't watched Sailors. 24 reasons Why
• 51:08
  securities are a bad idea is to suggest you do that.
• 51:11
  There's a lot of reasons that companies go belly up, and even
• 51:16
  when Netflix or this or that doesn't do all that well, the
• 51:19
  underlying structure that the entire thing is built on is
• 51:22
  still a really good idea to invest in.
• 51:24
  And that Sailor talks about that too.
• 51:25
  It's like investing on the land as opposed to the the companies
• 51:28
  that are built on the land. But this is even more
• 51:30
  fundamental than the land, because the land itself is under
• 51:34
  control or under. I guess control's a good word of
• 51:38
  a governmental jurisdiction. So you might go, oh, it's a
• 51:42
  really good idea to invest in this plot of land in Manhattan.
• 51:45
  Yeah. But then what if the, the laws
• 51:47
  in Manhattan, the mayors and the the governors and the and the,
• 51:52
  the, the regulatory structure of that section of land changes to
• 51:55
  be unfavorable to what you want to do?
• 51:57
  Oh, I've got this great plot of land in downtown Manhattan.
• 52:00
  You've got half of the the island of Manhattan.
• 52:02
  Now I want to sell it. Oh, nobody wants to buy it
• 52:04
  because. It's a terrible place to build a
• 52:06
  business and everybody actually wants to, I don't know, build in
• 52:09
  the middle of Wyoming and that's where all the money is.
• 52:12
  Like, what are you going to do? But if you could invest in
• 52:15
  business itself, like just business as an idea, just just
• 52:20
  generally invest in business, that seems like a pretty good
• 52:25
  idea. It's like investing in math.
• 52:28
  Oh, you can invest in you. You could.
• 52:30
  You can benefit from all of the benefits that come from math.
• 52:34
  Well, I don't think math is going to become more valuable.
• 52:37
  Really. You don't What?
• 52:40
  What uses math? Oh, I don't.
• 52:42
  Just everything so if. If if, if if you have some iota
• 52:49
  of hope for everything improving or doing anything, then maybe
• 52:54
  investing in the base layer structure of everything.
• 53:00
  Might be a decent idea, I I don't know.
• 53:02
  That's kind of where I'm at. Maybe it's a stupid idea and
• 53:05
  maybe I'll have zero value in in a few years from now because
• 53:09
  everything goes and I I don't know.
• 53:12
  But it seems like a halfway decent idea to me at the current
• 53:16
  juncture. I don't know.
• 53:19
  Well, you're not alone. I mean, look, every country in
• 53:23
  the world, every Super Bowl in the world is holding, as sailor
• 53:28
  always says, melting ice cubes. Everyone is in the same boat.
• 53:31
  They're all using paper currency.
• 53:33
  And what we're seeing happen in real time is that there is very
• 53:37
  real cracks in the system and whether they can or can't
• 53:41
  continue to kick the can down the road, the problem remains.
• 53:45
  It's like using a cup with a hole in it, and that is Fiat
• 53:48
  currencies. And here comes Bitcoin and it's
• 53:50
  a cup without a hole. It's able to retain all the
• 53:54
  liquid you put in there. And whether Bitcoin goes up
• 53:57
  exponentially or not, which I do believe it will be, I I think a
• 54:00
  lot of us are being very conservative and underestimating
• 54:03
  how big this paradigm shift actually is.
• 54:10
  It's just having a stable currency, something that can't
• 54:14
  get the base is valuable in and of itself.
• 54:16
  Moving forward, the more people save in Bitcoin, the more it
• 54:21
  stores your value. It's a very simple proposition,
• 54:23
  and the whole world is waking up to one very simple idea.
• 54:28
  Oh my God, wait, the US dollar is world reserve currency?
• 54:31
  Maybe I need to find an alternative to this because even
• 54:34
  they themselves are having trouble continuing to kick the
• 54:38
  can down the road. So me and CJ were talking about
• 54:42
  this off the show. You know what?
• 54:44
  What we did yesterday in the TTL was trying to explain Bitcoin
• 54:48
  just for the average person out there so the average person can
• 54:51
  understand. And what Saylor is very good at
• 54:54
  doing is explaining it the Bitcoin problem to the the
• 54:58
  corporate level. What Buchelli has shown on the
• 55:01
  nation state level is that it can also work.
• 55:05
  And once we get one of these big superpowers to jump in one of
• 55:09
  these big economic powerhouses to fully embrace Bitcoin, like I
• 55:13
  think we are underestimating how powerful and huge this movement
• 55:17
  actually is. It literally is a paradigm shift
• 55:20
  and it's it's moving from, you know, from the the horse and
• 55:26
  buggy to the car guys, you, you. We cannot imagine how big this
• 55:30
  shift will be and you are on the front line.
• 55:32
  So it's what we say all the time.
• 55:37
  Sorry, shout out the bugle the the last hard hitting journalist
• 55:42
  in the world. OK, OK, you.
• 55:46
  You can't understand how big this paradigm shift is going to
• 55:49
  be. Hence why we tell you every
• 55:50
  single day you need to save something.
• 55:53
  You need to hold on to Bitcoin for as long as possible.
• 55:58
  You need to make it through the auto buyout zone because I think
• 56:00
  we are all fundamentally underestimating how high and how
• 56:05
  huge this actually is. Once everyone around the world,
• 56:09
  once all the nation states, once all the institutions realize
• 56:13
  that Bitcoin is that pristine Cal collateral, the game is
• 56:18
  really going to go absolutely nuclear.
• 56:20
  And I think you're going to be absolutely excited about what
• 56:25
  you're holding today Anyways, before I move on, guys shouts
• 56:28
  out to the boys at Kaboom racks. Shouts out to Kaboom racks.
• 56:33
  Their job is to buy your A six. They will sell you a six.
• 56:37
  They will host your A six. They have awesome kaboom racks,
• 56:41
  A6 firmware if you have some at home and you want to get the
• 56:44
  most out of the a six that you currently have.
• 56:47
  If you have a space heater S 9 in your house and you don't want
• 56:49
  to make it run as efficient as possible, get in touch with the
• 56:52
  Kaboom racks guys. Reach out to my boy Alex.
• 56:55
  Absolutely a legend of a human great great guy.
• 56:59
  I I love him. He's such a good dude and he you
• 57:03
  know, he always tells me and trolls me.
• 57:04
  He's like, you know, my job is to sell a six, but what I
• 57:07
  usually do is tell people not to buy a six.
• 57:09
  So if you are in looking for or even just excited about Bitcoin
• 57:17
  mining, go and talk to the kaboom racks guys.
• 57:19
  They will give you all the information you need, hang out
• 57:23
  in the Telegram group, scan the QR code, go to the website.
• 57:27
  They're the goats out there. They they will handle everything
• 57:30
  you need to know about Bitcoin mining, about buying, selling,
• 57:36
  and they will host them for you guys.
• 57:37
  All right, let's get into the culture, because I know we got a
• 57:39
  good Dell rant and I think we're running a little late, The Daily
• 57:45
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  Visit swanbitcoin.com today. All right, let's get into.
• 58:12
  This one, so this. Maybe you've run into this.
• 58:15
  I'm a YouTube premium subscriber person, so I pay and I don't get
• 58:19
  ads and it's some sort of family plan.
• 58:21
  I don't know. It's worth it to me with as much
• 58:23
  YouTube as I watch and my family watches to pay the 20-30 bucks a
• 58:27
  month, something like that. And five, six of us can all
• 58:30
  watch YouTube without ads. So that that seems pretty worth
• 58:33
  it to me. Well, apparently YouTube has
• 58:36
  implemented a. AD block blocker.
• 58:40
  I guess like you you you can't use ad blocks if you're trying
• 58:43
  to watch YouTube videos and I did run into this when I was on
• 58:46
  a work computer where I wasn't logged in.
• 58:47
  I went to watch a video on YouTube and that sure enough it
• 58:50
  said ad blocker. If you don't disable this ad
• 58:52
  blocker then you won't be able to watch YouTube videos.
• 58:55
  And from what I've heard is once you try and watch 3 videos with
• 58:59
  an ad blocker it just shuts down YouTube access forever on that
• 59:03
  browser. I don't really like that.
• 59:05
  Seems pretty extreme to me. But this video that I'm going to
• 59:08
  play here is just a clip and it is a little bit faster.
• 59:10
  So if you're watching this after we recorded live, it is, it is
• 59:14
  at 1.25 speed. Because I want to play a little
• 59:17
  bit more than about a minute that he's going to go on here
• 59:19
  and then I'm going to cut to something else.
• 59:21
  But let's get into this one here.
• 59:22
  Here we go. If you watched more than three
• 59:25
  videos and you do not turn off your ad blocker, that they are
• 59:27
  going to disable your ability to watch videos on YouTube.
• 59:29
  And one of the rules of the Internet tends to be don't tell
• 59:32
  the Internet what to do. They will do the exact opposite.
• 59:34
  In the early days I would tell people I was sick and tired of
• 59:36
  them calling me for repair advice for free if they didn't
• 59:38
  have a repair and it just never stopped.
• 59:40
  People called in all the time. And then when I created videos
• 59:42
  showing people here's exactly how to fix all your stuff for
• 59:44
  free. Here's 1000 videos showing you
• 59:45
  exactly how to do it. You know, please try and fix it
• 59:49
  yourself using all this information.
• 59:50
  Don't pay me for IT. People start all these repair
• 59:52
  shops, started sending me repairs and being well.
• 59:54
  This is one of these things were, for better or worse, on
• 59:56
  the Internet, people don't listen to you.
• 59:58
  And it takes a particular type of arrogance to order these
• 1:00:00
  mandates and imagine that people are actually going to listen to
• 1:00:02
  you when it comes to stuff like this on the Internet.
• 1:00:03
  And it seems that people are choosing to install different ad
• 1:00:06
  blockers or better ad blockers, or try ad blockers where they
• 1:00:08
  had not tried ad blockers before.
• 1:00:10
  According to this article, Christophe Madras of Ghostery,
• 1:00:12
  one of the more popular ad blockers in Chrome's extension
• 1:00:14
  store, says they've seen three to five times the amount of
• 1:00:15
  installs and uninstalls over the past month, with about 90% of
• 1:00:18
  the users who are installing it citing the software failing on
• 1:00:20
  YouTube. Another ad blocker ad guard said
• 1:00:21
  they usually see about 6000 installations, but that shot up
• 1:00:24
  to 11,000. It wasn't working.
• 1:00:25
  However, the paid version of the extension appears to actually be
• 1:00:28
  working and blocking advertisements on YouTube, and
• 1:00:30
  they say that their user accounts increased, reaching
• 1:00:32
  about 60,000 on October 18th, which is a fairly high number
• 1:00:35
  for them in contrast to pass rates.
• 1:00:36
  So it looks like people are not saying, OK fine, I'll do what
• 1:00:39
  you're going to tell me, but they're immediately clicking off
• 1:00:41
  and experimenting. They're trying new things,
• 1:00:42
  they're trying new applications, they're trying.
• 1:00:44
  So the point here is that you tell people, hey, you can't use
• 1:00:47
  these ad blockers and people go, OK, well let me find one that I
• 1:00:50
  can use. Or as he mentions, he goes into
• 1:00:53
  a little bit greater detail. There are people that didn't
• 1:00:56
  even know that ad blockers were a thing.
• 1:00:58
  They had no clue. They just assumed.
• 1:01:00
  If I go to YouTube and I click on a video and an ad plays,
• 1:01:03
  there we go. That's just how it is.
• 1:01:05
  Well, some of those people, when this message popped up, like if
• 1:01:09
  you're using an ad blocker, blah, blah blah blah, blah,
• 1:01:11
  maybe they saw it or they heard about it.
• 1:01:12
  They're like, wait, I'm ad blockers?
• 1:01:14
  I can block ads? I had no idea that was a thing.
• 1:01:17
  And then they go and look into it, they find something and now
• 1:01:19
  they can block ads. So it seems as though this whole
• 1:01:21
  idea has kind of backfired on YouTube to some degree.
• 1:01:25
  And there are almost guaranteed going to be people and
• 1:01:29
  developers out there looking for work around some something, some
• 1:01:33
  new extension, some this, some some whack a do work around
• 1:01:37
  that'll allow them, the developer and then the people
• 1:01:40
  that they service to get around watching ads.
• 1:01:43
  And the reason I'm mentioning this is because we hear about
• 1:01:46
  China banning Bitcoin. That's a large country that
• 1:01:51
  that's 1 1/2 billion people and they tried to ban Bitcoin.
• 1:01:55
  Well, all they did is they banned themselves from Bitcoin.
• 1:01:58
  The hash rate moved somewhere else to a more favorable
• 1:02:00
  jurisdiction and Bitcoin kept on going.
• 1:02:03
  This ties into something that I said at the beginning, that a
• 1:02:06
  lot of people don't understand Bitcoin.
• 1:02:08
  They have no idea what they're talking about.
• 1:02:10
  Apparently this video is a little bit older and it's from.
• 1:02:13
  I don't know when exactly, but this is Dave Ramsey.
• 1:02:17
  You may have seen this pop up over the the week talking about
• 1:02:20
  Bitcoin. Again, I'm going to play this in
• 1:02:22
  1.25 speed and it I don't know a whole lot about Dave Ramsey, but
• 1:02:26
  he seems to know some things like he's he's a he's a boomer.
• 1:02:30
  He knows some stuff, He knows some things about finance.
• 1:02:34
  And from certain videos I've seen, he's got some pretty
• 1:02:36
  decent ideas. Like that is not all that great,
• 1:02:39
  You can use that, blah, blah, blah, whatever.
• 1:02:41
  I'm not going to get into it because I don't know a whole lot
• 1:02:43
  about the guy, but my point is that he knows some things about
• 1:02:46
  finance. All right, let's watch this clip
• 1:02:48
  here where he talks about his his deep knowledge of Bitcoin,
• 1:02:52
  that there, and. And here's what.
• 1:02:53
  You have let me tell you what Bitcoin is.
• 1:02:54
  It's WWW. It's the wild, Wild West.
• 1:02:57
  You're back to the Western banking system.
• 1:03:01
  Because all of the sudden one. Of these computer nerds just
• 1:03:03
  flips the switch. The whole freaking thing's gone.
• 1:03:06
  Boom. Just gone.
• 1:03:07
  There's no value. They just got completely ripped
• 1:03:09
  off and it. Took them down.
• 1:03:10
  And so the little hipster techie guys are sitting in front of the
• 1:03:13
  building with a sign that says, where's my money?
• 1:03:15
  Well, honey, you never had. Honey, it's not real money
• 1:03:18
  because it's not got it's not a stable currency that has any
• 1:03:22
  kind of a system that backs it, that has any kind of a system
• 1:03:24
  that protects Well, I made a lot of money in Bitcoin.
• 1:03:26
  You can make a lot of money trading dirt to somebody else
• 1:03:28
  from trading dirt until people catch on.
• 1:03:30
  That dirt's not a good idea to trade.
• 1:03:32
  You can trade gravel out of your.
• 1:03:33
  Driveway as long as you can get away with it.
• 1:03:35
  And OK, so apparently this is a little bit older, but people are
• 1:03:39
  saying in Twitter that he still has these same views.
• 1:03:42
  And and he's got this kind of old timey.
• 1:03:44
  I'm your pal. I'm, I'm, I'm Uncle Jim.
• 1:03:47
  I'm, I'm, I'm your buddy. It's the WWW.
• 1:03:50
  It's the Wild West. And you know what they say in
• 1:03:52
  the Wild West when you go into a saloon and there's three ducks
• 1:03:55
  sitting on the counter. But that's a bad Saturday and
• 1:03:58
  bad Saturdays are a sign that you have got to get out of your
• 1:04:02
  Bitcoin. Because those hipster nerds,
• 1:04:03
  they got their fingers on the switches and they can click
• 1:04:06
  clickity, clackity, boom. And there's no more Bitcoin and
• 1:04:08
  it has no intrinsic value. Dave, you don't have any
• 1:04:12
  intrinsic value. The only reason people value you
• 1:04:15
  is because you're delivering something that they want.
• 1:04:18
  That's it. You have found an audience.
• 1:04:20
  You you're not. A no human has intrinsic value.
• 1:04:23
  But he's got this old timey way of speaking.
• 1:04:25
  He's got this accent. I'm not putting him down for it.
• 1:04:27
  My point in mentioning that is that when people have a certain
• 1:04:31
  I'm just your pal, I'm just your Billy and I'm just, I'm just
• 1:04:35
  here to help you out. Hey, I'm a I'm a good follower
• 1:04:38
  of doing the right that I'm an American patriot and you can
• 1:04:41
  trust me to listen to this voice that a voice like this doesn't
• 1:04:44
  talk like this if I I don't have your best interests are I'm a
• 1:04:48
  good, good guy, and I'm just looking out for you and I don't
• 1:04:51
  want you to get screwed over. You know who else sounds like
• 1:04:53
  this? Snake oil salesman.
• 1:04:55
  That's exactly what that voice reminds me of, People that don't
• 1:04:57
  know what the hell they're talking about.
• 1:04:59
  Dave Ramsey has done some stuff. He's made well for himself.
• 1:05:02
  He he probably lives in a home that he's quite comfortable.
• 1:05:05
  He probably drives. He probably doesn't really worry
• 1:05:07
  about the price of gas all that much.
• 1:05:09
  He pulls up to the gas station and that's a little bit more
• 1:05:11
  than I would have liked. But whatever I've got and I'm
• 1:05:14
  not checking my bank account balance to make sure.
• 1:05:16
  Can I fill up this week, can I not?
• 1:05:18
  He doesn't care. He's profiting off of whatever
• 1:05:21
  it is that he's selling to people.
• 1:05:22
  But he is so entrenched in the system, like Charlie Munger,
• 1:05:26
  like Warren Buffett, that he isn't paying attention.
• 1:05:30
  I don't even know if he knows how money works.
• 1:05:31
  I don't even know if he knows what money is.
• 1:05:33
  He might I I truly don't know. I have no idea.
• 1:05:35
  I haven't watched him enough. All I know is that this take,
• 1:05:38
  even if it was from a year, 234 ago, it's completely wrong.
• 1:05:42
  And if it's not wrong, I would love to be proven wrong.
• 1:05:46
  I would love it. I talked to Preston Pitch at
• 1:05:49
  Pacific Bitcoin for, you know, 5-10 minutes and I said, does
• 1:05:52
  this bother you? Does this, does this, does this
• 1:05:54
  bother you at all? And like what?
• 1:05:56
  And I said all the Kool-aid drinking all of this, just like
• 1:05:59
  everybody's just like, oh, Bitcoin, Bitcoin, Bitcoin.
• 1:06:04
  Bitcoin. Bitcoin.
• 1:06:07
  Does anybody stop and question? And he's like, well, I think a
• 1:06:10
  lot of the people have stopped to question this before they got
• 1:06:13
  here. They're like, OK, fair enough.
• 1:06:16
  But the thing that bothers me sometimes about the Bitcoin
• 1:06:19
  space is that I don't see a lot of people questioning it at the
• 1:06:23
  time. I do see it before they get into
• 1:06:25
  Bitcoin. Like, oh hang on, they got put
• 1:06:27
  up a lot of questions. But once you're in Bitcoin, and
• 1:06:30
  I don't know, the reason I mention this is because I don't
• 1:06:34
  know. I've said this time and time and
• 1:06:36
  time again, I don't know if Bitcoin fixes the world, I truly
• 1:06:40
  don't. But what I do know for a fact is
• 1:06:43
  that the current monetary system is utterly fucked beyond prepare
• 1:06:48
  as far as I can say. I don't know if it's unfixable,
• 1:06:51
  but I'm pretty sure it's unfixable.
• 1:06:52
  It's completely fucked. And you and I, the normal people
• 1:06:56
  that have to go and put in work to get our time turned into
• 1:07:01
  something that we can trade is so ass backwards.
• 1:07:05
  It is completely bojangled to the moon and back that I'm
• 1:07:09
  utterly convinced of there. I don't think there's any person
• 1:07:13
  on the planet that could come along and be like actually let
• 1:07:16
  me pull out these charts that I've got tucked up my ass and
• 1:07:19
  prove to you don't mind the smell.
• 1:07:21
  And that's where I keep them. I don't know why that everything
• 1:07:24
  is actually working as intended is actually to your benefit.
• 1:07:27
  I don't think that person exists.
• 1:07:29
  I don't think those charts exist.
• 1:07:31
  I don't think that that that could possibly happen.
• 1:07:34
  Is Bitcoin the answer to all of those things?
• 1:07:36
  I. Don't know.
• 1:07:38
  I truly don't know. But it is the best thing that I
• 1:07:42
  am aware of. It is the only thing that I know
• 1:07:47
  of and is the only thing that I am confident putting my, my, my,
• 1:07:50
  my money, where where my mouth is.
• 1:07:52
  There was somebody in chat earlier said, oh, Amazon's
• 1:07:55
  actually a good idea. No, it's not.
• 1:07:56
  No, it's not. You know why Amazon's not a good
• 1:07:58
  idea? Because it relies on people.
• 1:08:01
  It relies on somebody keeping their finger on the switches.
• 1:08:04
  It relies on choices. It relies on consumer
• 1:08:06
  confidence. It relies on a number of factors
• 1:08:09
  that could all go tits up at a moment's notice.
• 1:08:12
  Bezos could go, you know what? Actually, I'm done with this.
• 1:08:15
  I'm moving to Miami and I'm going to put all of my holdings
• 1:08:18
  into this other thing over here. And yes, there are stop gaps.
• 1:08:21
  There are checks and balances in place for a large corporation to
• 1:08:24
  fiduciary duty, blah, blah, blah.
• 1:08:25
  I understand that. But businesses die.
• 1:08:28
  That's what they do. There are very, very few
• 1:08:32
  businesses that have lasted for dozens or hundreds of years.
• 1:08:35
  There is only one business, two, I'm sorry, 2/2 that I know of
• 1:08:38
  that are more than like 150 years old.
• 1:08:41
  One is Nintendo. They started out as like gift
• 1:08:44
  cards, trading cards like like welcome to graduation, whatever
• 1:08:48
  and they've transitioned into this massive technology company
• 1:08:52
  that they are now. And the other is Beretta, the
• 1:08:54
  the weapons manufacturer they started in Italy back in like
• 1:08:57
  1652. So they've been around for going
• 1:09:00
  on 400 years now, something like that.
• 1:09:03
  They're an old company, but that's that's two, that's two.
• 1:09:07
  Most of the companies on the S&P 500 will die after 18 years.
• 1:09:12
  Like they have a a worse life expectancy rate than a coal
• 1:09:16
  miner. And in 1815, like these, they
• 1:09:19
  die. Businesses die.
• 1:09:22
  The entire SMP is propped up by like 10% of the company's 8%.
• 1:09:26
  It's basically nothing. All the others are doing
• 1:09:28
  terrible and that's all that that's SMP 500.
• 1:09:31
  This is supposed to be the best of the best.
• 1:09:32
  So no, Amazon is not a good idea.
• 1:09:35
  Anything that relies on people making choices is a really
• 1:09:37
  fucking bad idea. And that's why Bitcoin doesn't
• 1:09:41
  include all those things. It's not why it's it's why
• 1:09:43
  Bitcoin. It's why I am convinced at this
• 1:09:45
  point that Bitcoin is the best answer.
• 1:09:47
  Because it doesn't rely on people.
• 1:09:48
  It doesn't rely on somebody flipping switches.
• 1:09:52
  Despite what? Anyway, just a couple of
• 1:09:54
  switches and the guy down in Bourbon Angader, he's going to
• 1:09:56
  flip those switches in Silicon Valley and your money goes to
• 1:09:59
  nothing. Well, OK, either Bitcoin's going
• 1:10:02
  to 0 or it's going to, who knows what Millions of dollars, as
• 1:10:07
  Sailor said. And it hasn't gone to zero.
• 1:10:09
  It hasn't been killed. If you can kill it, if anyone
• 1:10:12
  can kill it, please do. No, seriously, I truly mean that
• 1:10:16
  to the core of my being. Truly, I would rather cut off
• 1:10:19
  one of my toes and watch Bitcoin die than see it die 10 years
• 1:10:23
  from now. I don't want to keep on throwing
• 1:10:24
  money at this thing, trading my time and energy for this thing.
• 1:10:28
  If it's going to eventually die. I'd rather I'd rather know who's
• 1:10:31
  going to die now. So if I could trade a toe to
• 1:10:34
  know, or even multiple toes, actually, I don't probably need
• 1:10:37
  all of them. I could probably do without a
• 1:10:38
  few of them to know for a fact what was going to happen to
• 1:10:41
  Bitcoin. Even if it was, I lost
• 1:10:44
  everything. I would gladly know that.
• 1:10:46
  I would gladly trade my toes. And the loss that that that
• 1:10:49
  incurred. Not just the loss of my toes,
• 1:10:51
  but all of the money that I'd lost, all the time that I
• 1:10:53
  invested into it, all the time that I've invested learning
• 1:10:55
  about it. I would be happy to do that
• 1:10:58
  because I'd rather look into something else.
• 1:11:00
  OK, maybe I should get into gold.
• 1:11:01
  Oh, maybe I should get into dirt.
• 1:11:03
  Maybe I should get into gravel. Maybe that's a good idea.
• 1:11:05
  Maybe I should start trying to grow roses and sell roses,
• 1:11:08
  because that's providing value to the hopeless romantics.
• 1:11:11
  I don't know. My point here is that if Bitcoin
• 1:11:15
  can be killed, show it. Prove it.
• 1:11:17
  Do it, Dave. Go flip the switches.
• 1:11:20
  Anyone. Please, please, honestly, try
• 1:11:24
  and kill it. China couldn't kill it.
• 1:11:27
  Like what? Come on, If an entire country,
• 1:11:30
  one of the largest, one of the most powerful controlling
• 1:11:33
  countries in the world, couldn't kill it, then put the You think
• 1:11:36
  some nerd can. I don't care.
• 1:11:38
  What switch does this nerd have? Where's this switch?
• 1:11:42
  Where's this magical switch that it can do this?
• 1:11:44
  Opti, get in here. I'm losing my mind.
• 1:11:48
  Well, so much to unpack there and I just want to hit on a few
• 1:11:52
  things. Obviously, just leave it packed.
• 1:11:54
  Yeah, exactly. I'll just hit on some points
• 1:11:58
  that were kind of percolating in my mind while we were doing
• 1:12:01
  this. First and foremost, I find it
• 1:12:04
  incredible that people really still don't understand the
• 1:12:07
  Streisand effect. I don't know about you guys.
• 1:12:11
  But anytime someone tells me not to do something, I just
• 1:12:14
  inherently I It's like a beacon. I'm like a moth to a flame.
• 1:12:17
  I just like, OK, you don't want me to do this.
• 1:12:19
  I don't even know if I want to do this, but I think I'm going
• 1:12:22
  to try it just 'cause you told me not to.
• 1:12:24
  That's just the type of person I am.
• 1:12:25
  I know a lot of people are like that as well.
• 1:12:27
  And also, you know, the Internet is always undefeated.
• 1:12:30
  Like, the Internet always wins. And if you're going to try to
• 1:12:33
  stop people from doing things on the Internet?
• 1:12:36
  It's going to usually be a rude awakening.
• 1:12:39
  And even though we're seeing, of course, we're seeing very a lot
• 1:12:42
  of attempts from these dystopian, tyrannical people out
• 1:12:44
  there to stop people, you know, or stop information freely
• 1:12:49
  flowing on the Internet. They're they're trying to stop,
• 1:12:51
  stifle conversation. So we're seeing that these
• 1:12:54
  attempts are happening, but the Internet will always find a way,
• 1:12:59
  and entrepreneurs will continue to find ways to rat around
• 1:13:03
  people stopping them from doing stuff.
• 1:13:05
  This is like the. The theme of the Internet since
• 1:13:08
  its inception. OK, next thing on to Dave
• 1:13:12
  Ramsey. I forget exactly what Dave
• 1:13:15
  Ramsey is, but I am, I'm, I'm betting, well, not only that I
• 1:13:19
  I'm pretty it pretty safe to say that you know, he's selling his
• 1:13:24
  bags. You know he's talking his bags.
• 1:13:26
  And of course, he probably hasn't done too much education.
• 1:13:31
  Into Bitcoin. He's probably kind of skimmed
• 1:13:33
  over it and thought it was a bad idea.
• 1:13:35
  When everyone, when you know this clip came out, I think they
• 1:13:37
  said it was $400.00 at the time and what we're at $35,000.
• 1:13:41
  So obviously there's that sunk cost fallacy where he's just
• 1:13:45
  sitting in there and like, Nope, you're wrong.
• 1:13:47
  I think the other clip that I saw of him.
• 1:13:50
  Circling around recently was him shitting on Bitcoin and
• 1:13:53
  basically telling millennials to buy houses.
• 1:13:56
  And then because he's. Heavily invested in real estate,
• 1:13:59
  so he's basically trying to find a greater fool to dump his
• 1:14:02
  houses onto. So you know, of course This is
• 1:14:07
  why we don't go to the everyday Fiat boomer out there and ask
• 1:14:12
  them about why Bitcoin is the next thing on the block.
• 1:14:15
  You know we're we're seeing the geriatrics out there as well.
• 1:14:20
  Clamoring to try to understand what is going on in the world
• 1:14:22
  and someone in the chat dropped a a great comment and they're
• 1:14:26
  like I am bullish on the boomers confidence on what is going on
• 1:14:31
  in the world and they. As as bad as it sounds like,
• 1:14:37
  they're they're confident arrogance that we are just
• 1:14:40
  stupid lazy millennials that we don't know what is going on.
• 1:14:43
  Stupid zoomers. You guys are kids.
• 1:14:45
  You don't know what's going on in the world.
• 1:14:46
  Let the adults handle it from here.
• 1:14:48
  That's what makes me just so bullish.
• 1:14:50
  Just understanding. Look.
• 1:14:51
  They're going to get rug pulled so hard.
• 1:14:53
  And then and then to his point that everyone in the chat's
• 1:14:55
  losing their mind about the meme of like they'll just turn a
• 1:14:59
  switch off and turn Bitcoin off. It's literally like the Nintendo
• 1:15:04
  meme. Like did you unplug it?
• 1:15:06
  Did you unplug the computer again and put it back in?
• 1:15:09
  That'll solve the problem. Like, did you blow into the
• 1:15:11
  Nintendo cartridge? Like this is the the type of
• 1:15:15
  computer illiteracy we are dealing with.
• 1:15:18
  But he can. I jump in there for a second.
• 1:15:21
  So I I you might not be familiar with this because you're not
• 1:15:23
  much of a video of a video game player, Opti, but you you still
• 1:15:26
  might get it. OK, Steam is a platform.
• 1:15:28
  Steam is a place on your PC. It is probably the most popular
• 1:15:32
  place where you can go and download games.
• 1:15:34
  You can buy them. Many of them are free.
• 1:15:35
  Whatever. There are thousands of games.
• 1:15:37
  There's there's full on porn games on there.
• 1:15:39
  There's Apex, there's boulders gate there.
• 1:15:42
  The variety of games on there is probably topped only by the
• 1:15:45
  number of different crypto offerings.
• 1:15:47
  Actually, there's probably more games on Steam.
• 1:15:48
  There are different crypto offerings, but your mom doesn't
• 1:15:52
  fucking know the difference between this developer and the
• 1:15:55
  developer doesn't know that. Bethesda is run by Todd Howard,
• 1:15:58
  who's a fucking hack and a piece of shit liar that is continually
• 1:16:02
  shilling his garbage bullshit games on a regular basis,
• 1:16:05
  bamboozling thousands of people into buying the next latest heap
• 1:16:09
  of trash that is Starfield or Fallout or whatever the fuck
• 1:16:13
  people playing the next iteration of Skyrim through the
• 1:16:16
  3000 goddamn time. But then there's also 1000 other
• 1:16:20
  developers and publishers on there, and each of those are
• 1:16:23
  comprised of teams that are anywhere from a single person in
• 1:16:26
  the case of certain things, all the way up to hundreds or
• 1:16:29
  thousands of people working on a game like the next Modern
• 1:16:31
  Warfare. It is all over the place.
• 1:16:34
  But your mom is just like that's the video games.
• 1:16:37
  Grandma doesn't know the difference between all those
• 1:16:38
  things. So this bucket that the boomers
• 1:16:41
  think that video games are is all of these things.
• 1:16:44
  But if you talk to somebody that actually knows games, they're
• 1:16:46
  going to go, oh, Boulder's Gate 3 is a thing unto itself.
• 1:16:50
  It is completely different from some heap of trash.
• 1:16:54
  Like, well, I don't have any trash games on on my account,
• 1:16:57
  but I don't know the Modern Warfare or or or or the the
• 1:17:04
  tell. What's some garbage game?
• 1:17:06
  Garbage game 123I, I don't know. I don't play garbage games, but
• 1:17:09
  there are thousands of them out there.
• 1:17:11
  Some Honka junk, some Starfield. There we go.
• 1:17:14
  There's a heap of shit right there.
• 1:17:15
  Or No Man's Sky. When it first came out, I said
• 1:17:17
  for a long time, like this is not going to work.
• 1:17:19
  This is not going to fucking work.
• 1:17:20
  You don't give people an endless.
• 1:17:23
  It's generated on this randomly generated worlds like a kid with
• 1:17:26
  nothing to fucking do. That's why they had to go back
• 1:17:28
  and rebuild the whole goddamn thing from basically the ground
• 1:17:30
  up to make it actually a game. Surprise, surprise.
• 1:17:34
  Anyhow, boomers think it's all the same thing.
• 1:17:37
  It's all video games. It's all the same.
• 1:17:38
  It's all run by game Newell over in in Bellevue.
• 1:17:41
  No, no, it's not. It's an offering.
• 1:17:43
  It's a thing. It's a whole lot of things.
• 1:17:44
  And people like, Oh well, you can't invest in Steam or you
• 1:17:46
  can't invest in this. What if you can invest in the
• 1:17:48
  entire thing that the thing was run on?
• 1:17:50
  What if you can invest in electricity itself?
• 1:17:52
  So this is what, what, what David Ramsey doesn't understand.
• 1:17:55
  He thinks that that Bitcoin is like one of those games and some
• 1:18:00
  nerd can shut down the development of the that game.
• 1:18:03
  But that isn't what Bitcoin is. Bitcoin isn't even the developer
• 1:18:06
  that is making multiple games or a publisher that's publishing
• 1:18:10
  multiple games. It's not even Steam that the
• 1:18:13
  games are on that. That would be your Coinbase,
• 1:18:16
  That'd be your Binance, It'd be your, I was going to say Swan.
• 1:18:18
  But Swan has one thing. It's not even that.
• 1:18:21
  It's the electricity that all of these things are using to
• 1:18:25
  operate. So like that David Ramsey
• 1:18:30
  doesn't understand. This is .1 where you just go,
• 1:18:33
  oh, you're an idiot. Moving on to the next video, you
• 1:18:36
  just don't know what you're talking about.
• 1:18:38
  It's like having having a toddler tell you a story.
• 1:18:41
  Who are you going to listen to tell you a story?
• 1:18:43
  Dave Chappelle, who's one of the greatest storytellers of all
• 1:18:45
  time on stage, like in person, storyteller or a toddler.
• 1:18:48
  And Billy had three ones and red one.
• 1:18:52
  And we were at the park and he climbed up.
• 1:18:55
  It was so hot. But Jamie said no, because we
• 1:18:58
  wanted the boots and turned around and like jumping Robin,
• 1:19:03
  tomorrow would be cookies. Like the fuck did you just say?
• 1:19:07
  That's not a story? Get the hell out of here.
• 1:19:10
  Anyhow, I'm ranting. I'm raving.
• 1:19:13
  My wife is not happy. Yeah.
• 1:19:15
  You you lost me with the video game stuff, and you're really
• 1:19:17
  not helping us separate ourselves from the nerds.
• 1:19:20
  I think Dave Ramsey was right. But before, before I forget my
• 1:19:24
  point, I go into the meme review.
• 1:19:27
  There is something there to the idea, you know.
• 1:19:30
  This is why we are simply Bitcoin.
• 1:19:31
  This is why we try to separate Bitcoin from crypto as much as
• 1:19:35
  possible and any chance possible.
• 1:19:37
  Well, if you are invested in a crypto project like there is
• 1:19:43
  probably legitimately a switch that they can turn off and rug
• 1:19:47
  pull you. Hence why Bitcoin is different.
• 1:19:49
  It's a totally different beast. There is Bitcoin and then there
• 1:19:52
  is crypto. We like to call them shit coins.
• 1:19:55
  And that they are not the same. So Bitcoin is entirely
• 1:19:59
  different. It's head and shoulders above
• 1:20:01
  the rest. There is wait, wait, wait,
• 1:20:03
  what's the second best? There is no second best.
• 1:20:06
  There is Bitcoin and then there's everything else.
• 1:20:08
  Everything else is trying to be Bitcoin.
• 1:20:09
  So you know, to David Ramsey's point or credit, he's kind of
• 1:20:15
  not wrong. When he's talking about all the
• 1:20:16
  other crypto projects out there that are rug pulling you left
• 1:20:19
  and right. There is probably a switch they
• 1:20:21
  can turn off to your favorite. Crypto project out there.
• 1:20:25
  That is my new decentralized project.
• 1:20:28
  And anyways, I I really it. Really.
• 1:20:33
  It's never lost on me. The irony that people do not
• 1:20:36
  understand how the Internet works.
• 1:20:38
  They don't understand the Streisand effects, They don't
• 1:20:40
  understand network effects, They don't understand how computers
• 1:20:44
  work. I barely understand how computer
• 1:20:45
  works. But my saving grace is I put
• 1:20:49
  enough effort into understanding Bitcoin that I understand you
• 1:20:52
  can't turn Bitcoin off with a switch.
• 1:20:55
  But hey, you know, if you're getting your financial advice
• 1:20:57
  from Dave Ramsey and he's doing all this complicated stuff, then
• 1:21:00
  you then you got to, you know, you got to put on your suit and
• 1:21:02
  tie on the television so that people can trust you.
• 1:21:06
  Anyway, let's get in the meme review.
• 1:21:08
  This is the only reason why Winekas is here, The Daily Meme
• 1:21:14
  Review. All right, Boys and girls.
• 1:21:21
  Girls and boys. And everything in between.
• 1:21:28
  Yes, this is the meme review where you tag me on Twitter.
• 1:21:34
  Simply Bitcoin TV. Drop them in our Telegram group.
• 1:21:36
  T dot me slash simply Bitcoin TVI.
• 1:21:39
  Look in there every morning to get you guys the memes for the
• 1:21:42
  show. I also check to Twitter, tag
• 1:21:46
  your favorite memes, tag your favorite meme or tag your own
• 1:21:49
  memes. I don't, I don't really care.
• 1:21:51
  We just need memes for the show anyways.
• 1:21:55
  Tweet to the bullet memes of the artillery.
• 1:21:57
  You are in an information war and as you can tell we are still
• 1:22:01
  early to the party. People still don't understand
• 1:22:04
  why we do what we do. People are still miss educated
• 1:22:07
  and misinformed in regards to why they need to hold some
• 1:22:12
  Bitcoin moving forward. Anyways 1st meme is by the
• 1:22:14
  Bitcoin therapist and it goes history in the making Hashtag
• 1:22:17
  BTC. Now this one, you know, I don't
• 1:22:19
  know. Maybe.
• 1:22:22
  Maybe this feels like, I don't know, I don't think sacrilegious
• 1:22:27
  is the right word, but maybe this seems like a parody here.
• 1:22:31
  But it really does feel like there's some time as a
• 1:22:33
  Bitcoiner. And it goes, we're just getting
• 1:22:35
  started and it's got the Bitcoin logo and it's, you know, old
• 1:22:39
  time. You take on the founding of
• 1:22:40
  America and we got Dorian Nakamoto, AKA Satoshi Nakamoto.
• 1:22:43
  We have Naive Bukele and we have Michael Saylor.
• 1:22:48
  And it is them riding the new rules to the road, boys and
• 1:22:51
  girls. This is where we're moving into
• 1:22:54
  a new place. I'm reminded of Carlos Carlos
• 1:22:59
  Matos on Big Connect. We are no longer in the world he
• 1:23:02
  wants to wear. It's a new world.
• 1:23:05
  Only you 2017 bitconners will get that one right.
• 1:23:08
  Next one is Alan B. Watts, AKA Alan B WT on Twitter
• 1:23:11
  and he goes saving Bitcoin and everything becomes more
• 1:23:13
  affordable over time. And we got a person here with
• 1:23:16
  laser eyes. He's in his nurse bed.
• 1:23:17
  He just got out of a coma and he goes nurse.
• 1:23:19
  You've been in a coma for 21 months and you the Bitcoin that
• 1:23:23
  woke up from a coma goes, oh man, how many dollars is my
• 1:23:25
  bill? And then there's GOES dollars.
• 1:23:27
  Sir, your bill is 2534 SAT or. 253 bits.
• 1:23:33
  Whatever your favorite way to denominate Bitcoin, that's the
• 1:23:38
  future we're going for. I, I.
• 1:23:39
  You know, that'd be amazing. 21 months.
• 1:23:43
  Your your your medical bills only 2543 sets.
• 1:23:48
  That'd be epic. All right.
• 1:23:49
  Next one by Roman Castro shouts out to you in the chat and he
• 1:23:52
  goes that feeling when you add to your Bitcoin stack and take
• 1:23:55
  it into self custody. Hashtag orange pill hashtag
• 1:23:58
  legend hashtag Bitcoin only stacks at show.com.
• 1:24:01
  I I don't know what that website is.
• 1:24:03
  Not fully endorsed yet Roman. Anyways, we got this kid here
• 1:24:06
  with a big old smile and he's walking with two big bottles of
• 1:24:12
  wine and the wine is your bitcoins.
• 1:24:15
  Take your bitcoins into cold storage.
• 1:24:17
  OK, next one is Maxi's Club on Twitter and it goes 573 rabbit
• 1:24:20
  hole and we got two Wizards here, not those kinds of
• 1:24:24
  Wizards. Tomb 2 meme Lord bit corners
• 1:24:27
  over here and we got a person walking away with the Internet
• 1:24:31
  of money book. This is literally me.
• 1:24:33
  And he goes, the the female bit corner goes, will he come back?
• 1:24:37
  And the other big corner goes no, he has just started studying
• 1:24:41
  Bitcoin. There's a long rabbit hole.
• 1:24:44
  You may never hit the bottom, but your life will improve as
• 1:24:48
  you go down it. Anyways, next meme is by not
• 1:24:51
  that Elon Eggplant. under score Elon.
• 1:24:53
  And it goes, Good morning. And here's a picture from
• 1:24:56
  Breaking Bad. And you know the young kid.
• 1:24:58
  I don't know the name. I never watched Breaking Bad,
• 1:25:00
  but I know what's it. Jesse Pinkman.
• 1:25:02
  Jesse is hugging Walter, I know that much.
• 1:25:05
  And you. The bit corner is Walter White
• 1:25:08
  and Jesse's looks. He's looks like he was going
• 1:25:11
  through some stuff here. And he goes they lost his
• 1:25:14
  girlfriend here. Like she died from an overdose
• 1:25:16
  or something, I think. OK, perfect.
• 1:25:18
  Great reference. And it goes.
• 1:25:20
  The friend who finally researched how Fiat money works
• 1:25:23
  and he's crying and hugging you and you're just, you know,
• 1:25:26
  making sure he takes his Bitcoin into self custody.
• 1:25:30
  OK, next meme is by stamps. He goes, which way, Western man.
• 1:25:33
  And this one's pretty funny. This one's a little Meadow, so
• 1:25:36
  I'm sure actually you guys probably didn't see.
• 1:25:38
  But anyways on Twitter I guess bored a NFT club or something
• 1:25:43
  had like a rave or like a party or something.
• 1:25:46
  It was like epic. There was like very cringy
• 1:25:48
  videos going around of people, people dancing and like they're
• 1:25:52
  trying to do like a mosh pit or whatever.
• 1:25:54
  And apparently they use the wrong black lights and they use
• 1:25:59
  UV ray lights and they basically blinded and burnt people's skin
• 1:26:04
  at the party. And here's here's a tweet.
• 1:26:07
  Here it goes. Babe board Ape Yacht Club goes
• 1:26:12
  full laser eyes and allegedly blinds Ape Fest attendees.
• 1:26:16
  This is the headline and here's someone on Twitter with a dot E
• 1:26:19
  that goes anyone else. Eyes burning from last night
• 1:26:22
  woke up at 3:00 AM with extreme pain and ended up in the ER.
• 1:26:26
  I saw a couple just trying to figure out if there was a common
• 1:26:29
  thread. So apparently they used the long
• 1:26:31
  the wrong light for the rave and they were blinding and burning
• 1:26:35
  people's skin. Wow.
• 1:26:38
  Absolutely incredible. And these just people.
• 1:26:42
  All right. Anyways anyway then on the
• 1:26:44
  bottom it's the which way Western man.
• 1:26:45
  We got the meme factory here and the Bitcoin supply and inflation
• 1:26:50
  over time. And I'm thinking this isn't a,
• 1:26:53
  you know, just a a sly nod to the having party in El Salvador
• 1:27:01
  in March. And on that note, check out the
• 1:27:03
  having Party MF on Twitter And he goes Bitcoin doesn't care.
• 1:27:06
  Don't do a wee and here's a coin that goes.
• 1:27:09
  You know them? Isn't Bitcoin down 50% from its
• 1:27:12
  all time high? And me?
• 1:27:13
  Yeah, why? And it's just like a little
• 1:27:15
  ducky on a swing with the smile Duck is adorable.
• 1:27:18
  It's like me. I don't care, you know.
• 1:27:19
  I just. I don't care.
• 1:27:20
  This is a game of accumulation. I'm playing Hungry Hippo.
• 1:27:24
  I want as many sets as humanly possible.
• 1:27:27
  This is the way anyways. Drop your meme reviews going in
• 1:27:30
  the chat as we cover ours live. And we will cover yours live as
• 1:27:38
  well. I'm.
• 1:27:38
  I'm getting the music ready. All right, all right.
• 1:27:40
  Mine is all right. You ready for this one?
• 1:27:44
  Mine. Is I I think they're called shoe
• 1:27:46
  trees for leather shoes to keep them in shape and to keep keep
• 1:27:50
  their form. What you guys know about that?
• 1:27:54
  What What you sneaker heads know about that?
• 1:27:57
  All right. Anyways, Dale, what's your main
• 1:27:58
  review score? McDonald's.
• 1:28:01
  Coffee wrecked McDonald's makes me.
• 1:28:05
  Happy. I don't care what people say.
• 1:28:07
  Wow, Whinakiss, You better troll him in the in the chat because
• 1:28:10
  he gives me so much shit for enjoying a Big Mac.
• 1:28:15
  Actually 1/4 pounder with the Big Mac you smash.
• 1:28:18
  Next level, Next level. OK, all right.
• 1:28:21
  Hence Whinakiss is in the chat. Scan the QR code guys.
• 1:28:26
  Support us. Get yourself some simply Bitcoin
• 1:28:28
  merch. We have the T-shirts, we have
• 1:28:29
  hoodies. I will get you guys the hats I
• 1:28:33
  know you guys have been wanting the hats we have.
• 1:28:35
  I literally looked at some designs this morning from one of
• 1:28:38
  your guys's favorite Bitcoin artists out there.
• 1:28:41
  We are working on something for you guys.
• 1:28:43
  We will get the women cuts. But guys we appreciate all the
• 1:28:47
  support for. Actually first and foremost
• 1:28:49
  Stack Sats first. This is the most important thing
• 1:28:52
  to be doing. Stack Sats for yourself.
• 1:28:54
  But if you enjoy what we're doing here and you think we're
• 1:28:56
  providing value to you guys, get yourself some merch.
• 1:29:00
  It really helps us out. It's going to help us remain as
• 1:29:04
  independent as possible. You know, I know you guys give a
• 1:29:06
  shit about the ads. I see you guys well by our
• 1:29:09
  merch, so maybe we can not have so many ads so that we can do
• 1:29:13
  this every day and pay our whole team.
• 1:29:15
  It's much more than just Nico and Dell and Ruston and I and
• 1:29:19
  wine and every and soph like that.
• 1:29:21
  We have a whole team here and we're trying to make this into
• 1:29:25
  something that we can survive on.
• 1:29:26
  So get the merch, guys. It really means a lot.
• 1:29:28
  Keep us as independent as possible.
• 1:29:30
  OK, anyways, let's get into the meme review scores.
• 1:29:39
  OK, OK, let me see. I'm going up.
• 1:29:41
  I'm going up. Let's find the first one.
• 1:29:50
  OK, OK, first score. BBC is true score, not those UV
• 1:29:55
  rays. Yes.
• 1:29:58
  Next one, Elaine. Score.
• 1:30:00
  Bitcoiners use love to bring boomers into the bright orange
• 1:30:04
  light. Yes.
• 1:30:05
  OK, Next one is J Dub, the Laker 21 mil goes mean score.
• 1:30:09
  Dale doing an entire show, and Dave Ramsey voice.
• 1:30:13
  OK, Bitcoin. Bugle my score.
• 1:30:16
  My eyeball. Because it's not blind.
• 1:30:18
  Because I'm not a shit coiner. Yes.
• 1:30:21
  OK, Mclovin meme score. Jerome Powell will have a total
• 1:30:26
  mental breakdown on live television in the near future
• 1:30:29
  and tell everyone to buy Bitcoin Hammer saw.
• 1:30:33
  I give those memes a helmet. Yes.
• 1:30:35
  OK, let's see. Do we have some?
• 1:30:38
  All right, we have some meme review scores over on Rumble
• 1:30:42
  UTXOI. Give the memes a pair of shoe
• 1:30:45
  tree brand last for Opti's shoes.
• 1:30:47
  Yeah. See we got a man of culture over
• 1:30:49
  here. OK, John Platt meme score.
• 1:30:51
  Dell attacks for 2D20 plus one D4 for hair.
• 1:30:57
  I I I'm done for that video game.
• 1:31:00
  I I don't. I don't.
• 1:31:02
  OK, Winekis score. Dell pointing his hair to
• 1:31:07
  number. Go up direction.
• 1:31:10
  Dale pointing his hair to number.
• 1:31:11
  Go up direction. OK.
• 1:31:12
  OK. All right.
• 1:31:13
  Is there another one? OK, It wasn't that we were out
• 1:31:20
  of scores, it was that there was no Oh, Matthew.
• 1:31:23
  OK, OK, Matthew J. Meme score one Bitcoin hat.
• 1:31:28
  Yes. We will get you the hat soon.
• 1:31:30
  Meineke's you. You're seeing it here.
• 1:31:32
  They want the dad hat and the snapback.
• 1:31:34
  They're constantly trolling me about it.
• 1:31:38
  OK, All right. Anyways, thanks for filling in
• 1:31:42
  Dow. Appreciate you.
• 1:31:43
  I don't know. Tell the people what are you
• 1:31:48
  working on. I'm going to make a video
• 1:31:51
  breaking down inflation and deflation and why number go up
• 1:31:57
  is bad in terms of prices and inflation And why is my rent
• 1:32:01
  more expensive and oh, I got a raise.
• 1:32:02
  Isn't that a good thing? No, it's not.
• 1:32:05
  You only got a raise to keep up with the prices because if you
• 1:32:08
  don't keep up the prices, you're going to go and find another job
• 1:32:11
  where you are. That's the only reason.
• 1:32:12
  Yeah. So, yeah, about inflation and
• 1:32:14
  deflation. Perfect.
• 1:32:16
  Perfect. All right.
• 1:32:17
  Yeah. Well, thanks for filling in
• 1:32:19
  anyways, guys. This is our show.
• 1:32:21
  As you can see, it's going a little longer than usual.
• 1:32:23
  But like, share, subscribe, all that good stuff, spread all
• 1:32:27
  Bitcoin content. This is the way it's really
• 1:32:29
  about planting the seeds into people's minds and spreading the
• 1:32:33
  Bitcoin signal. This is all we can really do as
• 1:32:35
  we continue to stack SAT while people don't understand how
• 1:32:39
  stupidly cheap Bitcoin is. So make sure you're stacking
• 1:32:43
  Bitcoin, taking it into custody, this is the way.
• 1:32:46
  Anyways guys, we will see you tomorrow for our number show.
• 1:32:49
  Nikko will be back. Until then, have a good rest of
• 1:32:51
  your day. Get outside.
• 1:32:53
  Eat some good food. Hang out with your loved ones.
• 1:32:55
  This is the way. This is how we continue to build
• 1:32:58
  the Bitcoin community and make sure we are soldiers ushering in
• 1:33:03
  the bright orange feature. All right, peace out.