Latest / Simply Bitcoin / Michael Saylor Pays Back Silvergate Loan, Buys MORE Bitcoin | EP 704

Transcript

Michael Saylor Pays Back Silvergate Loan, Buys MORE Bitcoin | EP 704 · Simply Bitcoin

0:12
Yo welcome to another episode of Simply Bitcoin live.
0:15
Your number one source for the peaceful Bitcoin Revolution with
0:17
curb, breaking news called traumatic Warfare.
0:19
We will be your guide through the separation of money and stay
0:22
Michael sailor. Pays back his loan to Silver
0:26
Gate. Apparently he got a huge
0:28
discount and what does he does? What does he do?
0:32
He buys six thousand more Bitcoin.
0:36
Holy cow. Michael why don't you why don't
0:39
you please leave some for? The rest of us that would be
0:43
that'd be pretty awesome. But yeah, just can't Michael
0:46
sailor continues to stack SATs and look that was one of the
0:49
things that people were a bit freaked out about right.
0:52
When Silver Gate declared bankruptcy went down, right?
0:58
The news came out that that Silver Gate was the bank that
1:02
Michael sailor took a loan from and then he kind of get he kind
1:06
of got ahead of it and he was like look you know they don't
1:09
hold the collateral. You know, we don't have a
1:12
problem here but obviously he wanted to tie that up.
1:15
We said we would follow up to when there was some more
1:18
breaking news about it and he did just that he paid back the
1:21
loan apparently he got a 22 percent discount and he tied it
1:24
up and also to I think this was also to just show confidence the
1:29
community he went on and just stack more SATs but when Michael
1:34
sailor stack SATs, he buys thousands of Bitcoin all in one
1:40
go anyway so there's that And then also on them on the
1:44
separation of money and state front, the G7 Nations push for
1:49
tighter Global crypto regulations.
1:51
But this also comes when there is this video that was going
1:55
around with Vladimir Putin, President of Russia and
2:01
president Xi Jinping, who apparently has been declared
2:04
President for life. They had a video where they were
2:07
shaking hands, right? So you know again Opti Best
2:12
right? You can't ban yourself.
2:14
You can't, you can't ban Bitcoin can only ban yourself from
2:18
Bitcoin. So when some nations are like,
2:22
hey, you know, we don't like this stuff, other nations are
2:26
just going to pick up all of the the opportunity, right?
2:29
This is the beauty of, you know, the better flag Theory, right?
2:33
And you know, Bitcoin is like water, right?
2:36
It flows in the path of it's like electricity to flow.
2:39
It goes through the path of least resistance.
2:41
So anyways very interesting stuff before we go out the we
2:45
start the show went to bring up my legendary co-host.
2:47
Always optimistic. How you doing Opti?
2:50
I am doing. Wonderful.
2:51
This morning I had a few cup of Joe's this morning.
2:54
Nico a little more than usual. It is Monday.
2:57
You have to knock off the weekend Vibes and get back into
3:00
the grind. But hey, man, it's always good
3:03
to be here. It's always good to hang out
3:04
with my friend Nico and then my other friend in the chat that
3:07
are going to troll me. I'm guessing gonna troll me
3:09
today the to Monday but Other Salient is yellow like hey, you
3:15
know, I know it's a competition out here to stack as many steps
3:18
as possible. But yell, he's taking all the
3:20
Bitcoin know. I think I saw a stat that sailor
3:26
microstrategy owns one in every 151 Bitcoins like it's just
3:30
mind-blowing, how big is stack is so he's got so it's so
3:33
absurd. Like it's so absurd it is so
3:36
absolutely Insanity. I need I need these like really
3:39
low percentage interest rate loans like Yo shops out to
3:43
sailor. I need some of this kind of, you
3:45
know, some good friends out there so I can get some good
3:48
loans as well. But anyways, we'll save that for
3:51
the new segment and the numbers and all that good stuff on the
3:53
culture. I kind of want to recap a little
3:57
bit of what happened since the the Bitcoin School.
4:01
We've had a little, a little more conversation over the
4:04
weekend and I'm gonna bring in some other Bitcoin tweets and
4:07
some stuff even from the artists as well.
4:09
So I think it's a good conversation point.
4:11
And a good place to jump off and continue the story that we
4:15
covered on Friday. So this is where we're going to
4:17
go today. Nico.
4:18
Beautiful. All right, everybody, we have a
4:19
lot to talk about. Let's start the show.
4:21
Let's do this. The Bitcoin numbers brought to
4:27
you by not all at this point. You should be running your own
4:30
Bitcoin note. If you don't use your own
4:32
Bitcoin node, you're trusting someone else's run your own
4:35
version of Bitcoin core. The lightning Network,
4:37
whirlpool, and Dojo all from the comfort of your own home.
4:42
And if your digital Nomad, you have absolutely no excuse
4:45
because now you can run a novel through a virtual private
4:48
server. Visit nottle, Dottie you today.
4:50
All right, everybody before we start to show, when I tell you,
4:52
At the beep, the biggest Bitcoin conference on the face of the
4:55
planet Bitcoin 2023, it's going to be hosted in sunny sunny,
4:59
Miami Beach. Florida, May 18th through the
5:02
20th 2023 and good news for you guys.
5:04
You could use promo code simply to get yourself a huge discount
5:08
to bitcoin 2023. I want to go through some of the
5:11
speaker list. We have Michael sailor.
5:12
Arthur Hays, Michael Lewis, I apologize.
5:15
Arthur Hays. Michael Sailor, Jack mahler's,
5:17
Alex gladstein, Preston pish, Stacy Herbert, Greg Faust, mad
5:21
Odell in Alden Peter McCord. Robert Breedlove, Jeff Booth,
5:24
and many, many more. You don't want to miss the
5:26
biggest Bitcoin celebration ever Bitcoin 2023.
5:30
At the time of recording, the Bitcoin prices twenty.
5:33
Seven thousand two, hundred fifty cents per dollar. 3670
5:38
block, height 780, 2780 reachable, Bitcoin node,
5:42
seventeen thousand four hundred forty nine blocks Sue having 50
5:46
7220 having estimates April. Twenty twenty twenty four, total
5:51
lightning network capacity. Thousand four hundred fifty six
5:54
Bitcoin capacity value 148 million.
5:58
U.s. dollars realized monetary inflation 1.76 percent and the
6:03
market capitalization of Bitcoin 526 billion dollars with Abby.
6:08
Anyways, I want to talk about bricks right?
6:10
Because over the weekend which is really interesting.
6:13
We're gonna pay you the clip from CNN right over the weekend,
6:16
Fox News and CNN, which are some of the most popular Legacy
6:21
corporate media. News channels.
6:24
We're saying the part of the saying the quiet part out loud,
6:28
people or countries are seeking alternatives to the dollar and
6:35
have to understand that the US would be like Argentina.
6:41
But the reason it gets away with all the money printing is
6:45
because it is the world Reserve currency, right?
6:48
So it, so it has the luxury, the privilege of, being of being
6:52
able to create all that money. Because all countries, all
6:55
around the world are holding US Dollars on their Treasury and
6:59
they're also using US dollars to facilitate International Trade.
7:03
Well, what happened was, the US government decided to weaponize
7:06
the dollar to go after their political opponents.
7:09
So countries like Russia. Trees like China, right?
7:12
And other countries as well. Are currently seeking
7:16
alternatives to trading in dollars, right?
7:19
There is a very famous video of Putin.
7:22
Announcing basically, we are going to settle transactions in
7:26
the Chinese currency, the Chinese State currency, the
7:28
Yuan, and yeah, this is, this is where we are.
7:31
And here's the thing, it would be a very, very bad thing for
7:35
anyone who's living in the states, right?
7:37
Of course, you know, bitcoiners are watching eating their
7:40
popcorn but will it be very, very, very bad.
7:43
And now the Legacy corporate media is starting to pick up to
7:47
this reality. Here is this clip was posted by
7:50
Matt Odell and they're saying the quiet part out loud.
7:53
Anyways, check it out and then we'll talk about it.
7:57
Canton's weaponizing of the dollar.
7:58
Over the last decade has led many important countries to
8:02
search for ways to make sure that they do not become the next
8:06
Russia. The numbers are revealing the
8:09
share of dollars in global Central Bank Reserves has
8:13
dropped from roughly 70% 20 years ago to less than 60
8:17
percent today and falling steadily.
8:21
The Europeans in the Chinese are trying to build International
8:24
Payment Systems outside the dollar dominated.
8:26
Swift. Saudi Arabia has flirted with
8:29
the idea of pricing its oil in Yuan.
8:32
India is settling most of its oil purchases, from Russia, in
8:35
non-dollar currencies. Digital currencies might be
8:38
another alternative. And in fact, China central bank
8:42
has created one. All of these Alternatives, add
8:45
costs, but the last few years should have taught us that
8:48
increasingly nations are willing to pay a price when they want
8:52
political goals to Trump economic ones.
8:56
We keep searching for the single replacement for the dollar and
9:00
there will not be one. But could the currency suffer
9:04
weakness by a Thousand Cuts that seems a more likely scenario the
9:09
author and investor Routier Sharma points out right now.
9:13
For the first time in my memory, we have an international
9:16
financial crisis in which the dollar has been weakening rather
9:20
than strengthening. I wonder if this is a sign of
9:23
things to come, if it is S should worry.
9:27
I spoke last week about the bad, geopolitical habits Washington
9:31
is developed, because of its unrivaled, unipolar status, it's
9:34
even more true economically. America's politicians have
9:38
gotten very used to spending seemingly without any concern
9:41
about deficits public debt. In America has risen almost
9:45
fivefold from roughly six and a half trillion dollars twenty
9:49
years ago to 31 and a half trillion dollars today.
9:52
The FED has solved a series of financial crises by Massively
9:56
expanding its balance sheet, almost 12 fold from around
10:00
seven, hundred and thirty billion dollars, 20 years ago to
10:03
about eight point seven trillion dollars today.
10:07
All of this only works because of the dollars unique status.
10:12
If that would away in America, will face a reckoning like none
10:15
before. I mean, I mean it was odd look
10:21
look and I'll say it like this, right?
10:23
If you are China or if you are Russia, right, or your Cuba or
10:29
your Venezuela, your North Korea, right?
10:35
What are you gonna do? If, you know, the currency that
10:39
you're using to facilitate international trade, is being
10:43
used by a hostile government to kind of bend your arm around
10:49
your back? What you going to do you're
10:51
going to seek an alternative and you know it kind of reminds me
10:54
of crying Cry Wolf, right? It's like you know what what did
10:59
you expect was gonna happen? You know it's so obvious like
11:02
what did you expect was going to happen and you know, No.
11:07
The US government has had this privilege.
11:10
And honestly, the people of the US have had this privilege for
11:13
such a, you know, a long time and weaponizing, it kind of
11:19
squandered it a bit right now. I think that, you know, I want
11:23
to tie this in with what's going on with Bitcoin, right?
11:28
I think other countries are going to try to replace the
11:31
dollar, but I think that all roads lead to bitcoin because
11:35
let's say it's the US government that's weaponizing, the currency
11:41
of choice for countries today. If China takes its place, what
11:46
do you think the Chinese government is going to do?
11:48
They're going to do the exact same thing, right?
11:51
So, you know, I think it's just a matter of time before people
11:54
start to realize, holy cow. Ow, you know, Bitcoin is the
11:59
solution to this, right? Bitcoins, the money of enemies.
12:03
Like we always say, you know, you can't censor it.
12:05
Can't change the monetary policy.
12:08
And I think that, you know, all roads lead to bitcoin.
12:10
I think that it's inevitable that countries realize this.
12:13
Now this is bad news for big Corners in a way because
12:17
governments are going to try to, you know, they're going to want
12:20
to control money. You know, they get a tremendous
12:22
amount of power from from doing that, right?
12:25
So I think the the hostility is They continue to escalate.
12:28
I really think that they're the. I think that if they don't have
12:32
the money of which they can control, and they can censor, I
12:35
don't think they're going to be okay with that.
12:37
I think they've been living in a world where that's always been
12:39
the case. I think the weaponization of
12:42
money continue. I think it's accelerated, you
12:45
know, over over over the last couple of decades.
12:48
But, you know, this does not come as a surprise to me.
12:52
I think this is the end of the unipolar world, right?
12:55
I think that we're transitioning.
12:57
NG to a multipolar world where there's going to be multiple
13:00
world powers is not just going to be the us.
13:03
But I think that if you're an American, if the u.s. does lose
13:09
Global World Reserve currency status, you better hope you have
13:13
Bitcoin because your dollar is not going to have the purchasing
13:17
power that it once had, right? It's very, very, very bad news
13:22
for anyone who earns in dollars and anyone who saves in dollars,
13:27
right? Only reason, the only reason the
13:29
u.s. is able to get away with this ungodly amount of money
13:34
printing is because other countries are holding dollars
13:39
and other countries are using dollars to trade and if that
13:43
goes away it's a very, very bad day for the average everyday
13:48
American. But I mean look what we advocate
13:50
for on the show is opt-out get yourself some Bitcoin.
13:55
I really believe Opti and I really By this good, dude.
13:58
It's just incentives. It's incentives.
14:00
And it's Game Theory, right? Like H, just a matter of time
14:04
before Central American countries are just like.
14:06
And I think El Salvador is really going to prove this
14:09
you're looking over and you're like, you know what, like find
14:14
the dollar kind of sucks but the you on, you know, not a fan of
14:17
that either. Why don't we just use Bitcoin?
14:20
And I feel like it's just going to like, in a hot moment.
14:23
Look what we always say on the show, right?
14:25
Is that the next cycle? I'm Bullish about it because
14:28
that's the cycle where not only Michael Sailors going to be
14:32
Vindicated. I mean he's almost vindicate
14:34
he's almost break even, right? But also 9 bouquet is going to
14:38
be Vindicated. Now, you boo Kayla's.
14:40
Gonna prove to the world that you can use a non-state currency
14:47
as a currency. And right now, you know, people
14:50
are just, you know, bashing on the, you know, the short-term
14:53
volatility of Bitcoin saying, no, he's crazy, but the next
14:56
cycle is going to be Undeniable and what happens when all those
15:00
other Central American countries that have been bullied by the US
15:03
for. I don't know how long wake up to
15:05
that new reality. What are they going to say?
15:07
You think they're just going to stay like you know what, I love
15:10
the dollar. You know it's has Benjamin
15:12
Franklin on the hundred dollar bill.
15:14
It's green you know the paper kind of feels nice right let me
15:18
just know bro you know anyways to me I think it's inevitable I
15:22
don't know Opti what do you think bro this is some crazy
15:25
stuff dude you know that Right where it's like, there's decades
15:30
that nothing happened and then there's months of which, which
15:34
decades happen. I think we've been living
15:37
through instead of months. I think the last two years
15:40
decades, have been happening every single month.
15:43
We're like, no, I can't get any crazier than that and then boom,
15:46
you have this type of news. Anyways, what are your thoughts,
15:48
bro? Well, it for like centuries have
15:50
been happening in the last two years, but anyways, to that
15:53
point, I'm not only did I see CNN talk About this.
15:57
But I also saw a Fox News talk about this so it's very
16:00
interesting to be seeing this conversation on corporate press
16:03
about d dollarization as bitcoiners.
16:05
We've been talking about this a lot and people were referencing
16:08
the mandibles in in the chat as well and it's almost like
16:13
bitcoiners have the blueprint. We know exactly where the future
16:16
of the world is going but there was a very big glaring absence
16:20
in this clip and it was one word.
16:22
Can you guess what the word was? Guys, it's Bitcoin.
16:25
Like the hamster is. He did he did say he's a digital
16:29
currencies. He did again.
16:31
Again it's missing one word, it's the b-word Bitcoin.
16:35
But hey you know I can't I can't expect corporate press I guess
16:41
to start Shilling Bitcoin right now.
16:43
But in time they will and further to that point, I really
16:47
like the mental gymnastics that they did to never say Bitcoin
16:51
and also and also to like he had a question in there.
16:56
It's like Or he had a statement where he said something on the
16:59
lines of there won't be one solution to this problem and
17:03
again as a Bitcoin it's like yes there is it's called Bitcoin you
17:07
know I hate to do the Bitcoin me but Bitcoin fixes this guy's
17:10
like I think it's important also to in this video to emphasize
17:15
like how big a number trillion is what he said, the the debt is
17:20
expanded by eight point seven trillion.
17:22
The u.s. debt national debt is at like I don't remember if I
17:26
may Sing up the number but it was like thirty one trillion or
17:29
51 trillion or something like that.
17:31
Like it's just trillions a really big number guys, like I
17:35
know it's hard to grasp how big numbers really work, 31:31.
17:39
Okay. Thank you.
17:40
Everyone, truly, yeah. It has just absolutely insane.
17:43
That this is where we are in the last.
17:44
You know, what you it's crazy. Is that the u.s. debt is is 30 1
17:49
trillion, right? And the u.s.
17:50
GDP is 23 trillion. She's amazing absolutely
17:55
amazing. So Oh nuts.
17:57
Dude, it's so nuts. But I mean, like, what, bro, if
18:01
you were look, we always talk about this right incentives.
18:03
If you were in their shoes, you would definitely, you would
18:07
definitely print. I would definitely print and
18:10
what bitcoiners are saying, is no one deserves the power of the
18:13
money printer, no one, no, one deserves that Godlike power
18:18
because it is Godlike power. You want to go tan an endless
18:21
war, go for it. You want to pay for a social
18:24
program? We can't afford go for it.
18:27
Money printer, Gober baby, right?
18:29
And look, but again if again like it all goes down to
18:33
incentives. If you are essential American
18:36
country, you know, if your Ecuador that uses the dollar
18:39
you're looking at the us and you're like, do you think they
18:42
want to be in that position? Do you think Panama wants to be
18:44
in that position? Do you think El Salvador wants
18:46
to be in that position where they're beholden to the monetary
18:49
policy of the United States? I don't think so, right?
18:53
So it just makes sense that, you know, they start to seek Dibs
18:57
right. Anyways anyway - before we go on
19:02
I want to kind of take this moment as well to emphasize what
19:06
we talk about all the time you know take your wealth even a
19:08
small amount of your Weld and put it in a Bitcoin.
19:11
Download blue wallet at the very least on your phone and opt out
19:14
of this madness. Like I can name you guys a long
19:18
list of what wallets. I think we should be using but
19:21
I'm trying to make this as simple as possible for people.
19:24
There's a lot of trade-offs there's a lot of other good
19:27
Clean while it's out there but I personally use blue wall and all
19:29
the time just a little bit of Bitcoin will save you from this
19:33
stuff. I see a lot of people talking
19:35
about you know what should we do?
19:36
There's no solutions to this and it's very simple.
19:38
We talk about it here where broken records here on simply
19:41
Bitcoin. The answer simply Bitcoin, not
19:43
just watching this channel, but the that Bitcoin is the only way
19:48
out of this. The answer.
19:49
The answer is in the name, bro. Yeah, exactly.
19:51
Exactly. It's guys like like, like guys,
19:54
let's just break this down, you know, using the Yuan Is no
19:57
different than using the dollar. Like I don't see the world
19:59
trusting China to not do the same thing that the u.s.
20:01
government is done, you know, printing more government paper.
20:04
Like we have an alternative to government enforce money and it
20:07
is Bitcoin. Like I know this is a paradigm
20:10
shifting thought, but once you're on this side, you're
20:12
like, how did I ever think it was?
20:14
It was wasn't possible, like we are literally in a whole new
20:19
paradigm of thinking, right now and it's going to take a long
20:21
time for the Boomers and the the state is to understand that we
20:25
can have a money. At No One controls.
20:28
It's only controlled by an algorithm.
20:30
I know mind-blowing, ya know. And not only that, right?
20:32
I think that as time progresses people are going to start to
20:35
realize that it's not Red vs. Blue.
20:37
It's not right versus left. It's Orange verse Green, right?
20:40
That's really. That's really the fight here,
20:43
right? It's Orange versus green, right?
20:45
Anyways, everybody, let's get to news.
20:47
We got a lot to talk about. Let's check it out.
20:51
The Daily News, The Daily News is brought to you by block
20:56
stream. Jade built by bitcoiners for
20:59
bitcoiners. It's an open-source Hardware
21:00
wallet for the cold storage of Bitcoin.
21:03
Check out the brand new limited edition color.
21:05
The transparent Green, Jade block stream, Jade houses, a
21:08
full color camera. Allowing for fully air gap,
21:11
Bitcoin, transactions, scan and display QR codes.
21:14
Directly on the device, assign, transactions, and verify
21:17
addresses. With ease, use your block
21:19
streamed. And with your favorite wallet
21:21
software such as blog, stream, green, blue wallet, electrum
21:24
Sparrow, get yourself a block stream Jay today and take self
21:28
custody of your Bitcoin. Alright, everybody so quick
21:33
update on this, we were reporting we're kind of worried,
21:36
right? So microstrategy says, it does
21:38
not have any assets custody with Silver Gate, right?
21:42
The company did receive a 205 million dollar loan from Silver
21:46
Gate and March 20 22 but microstrategy said the Own terms
21:50
wouldn't change in case of insolvency?
21:53
Well, we said we would have an update for you.
21:55
We have an update for you. Michael sealer, tweeted this out
21:58
today, in the morning at 8, a.m. eastern standard time said,
22:00
microstrategy repaid, its 205 million dollars.
22:05
Silver Gate loan at a 22 percent discount.
22:08
I wonder if that discount came because of, you know, because of
22:12
what happened to the bank. Anyways as of March, 20 March
22:18
23rd 2010. T3 microstrategy acquired, an
22:21
additional 6450 5 Bitcoins for 150 million dollars at an
22:28
average of twenty, three thousand per Bitcoin and held
22:32
138,000 Bitcoin 130 8955 Bitcoin acquired for an average of
22:39
twenty nine thousand eight hundred and Seventeen per
22:43
Bitcoin. Here's the official press
22:46
release with the attached DC commission and it explains
22:52
everything. Dude, this is Michael Taylor has
22:55
to leave some Bitcoin for the rest of us.
22:57
Bro. This is a, it's not fair.
23:00
I mean it is fair. But holy cow.
23:02
That's a lot. He he's stacking fields of corn,
23:05
man. That's all I got to say.
23:09
Well, guys, I know Sailors a billionaire here, but don't let
23:13
Michael sailor. Michael strategy.
23:14
Out stack, you guys like stop selling your Bitcoin to him.
23:17
I know I know like there is some kind of bills and and life
23:22
responsibilities and sometimes you have to trade some Bitcoin
23:25
to live but just stop selling your Bitcoin.
23:28
Right now, we're almost at the start of the bull market.
23:31
You do not want to give up your Bitcoin at this point.
23:33
But on another Point, man, again, like I kind of said, in
23:35
the beginning, I wish I had I wish I had this kind of You
23:39
know, loan structure. I wish I wish.
23:41
I had this kind of a low-key infinite money printer that he
23:45
is able to tap into just men. It's absolutely a Chad Giga,
23:50
Chad move and shout out to him for for you know, paying back
23:55
his Loan in regards to all the crazy stuff we've seen in the
24:00
last two to three weeks, you know?
24:03
At least it's kind of actually any kind of reminds me of what
24:06
you always say. You know, sailor will be
24:07
Vindicated this Cycle and it's almost like he's making very
24:13
sound financial moves guys and he is just scooping up all the
24:17
freaking Bitcoin may like orange is almost terrifying.
24:20
How much Bitcoin he has he should be honest reaping and all
24:23
the corn row he's like nah I don't want anyone else.
24:26
I get all the Bitcoin dude. When is he gonna own all the
24:29
Bitcoins like yellow don't sell him.
24:31
Your big coin. What was the number was the
24:33
number that Michael sailor owns? Like one out of like yeah.
24:36
So I'm just gonna coin mag dropped a tweet.
24:39
This morning and they said that sailor owns one out of every 151
24:44
Bitcoin like it just mind-blowing but vague was
24:48
telling me in the chat that there is more people.
24:50
There's a couple other people that own more than microstrategy
24:53
and sailors. So I guess you know, this this
24:57
next year is going to be very interesting to see how the
25:02
corporations and the institutions dig their toes in
25:04
the Bitcoin space and who is going to out stat coup and how
25:08
parabolic Like this price is going to go gradually, then
25:11
suddenly, but man very very crazy news.
25:14
I mean, dude he has he what? 150,000 Bitcoin roughly like
25:22
that's just it. I wish I had that sack.
25:24
That's all I'm going to say. Yeah man.
25:26
But look, it's okay. But if you break it down, right?
25:29
It's a confidence game. Right?
25:31
It's such a confidence game, right?
25:32
Because it's like it, that was called into question.
25:35
Like, what's going to happen with Michael sailor?
25:37
He has a 205 Million dollar loan with this bank that's going
25:41
under right? And then two or three weeks
25:43
later it's like not only did we pay that back the loan with a 22
25:47
percent discount, we also stacked 6,000 more Bitcoin.
25:52
That shows confidence, not only that we sticks, we stacked 6,000
25:56
more Bitcoin at 23,000. Currently the price, is
26:00
basically a 28k weight, right? We did.
26:02
The math is this mean that Sailors no longer underwater in
26:07
any of his Bitcoin buys, right? No, he's Breakeven, price is
26:10
like 29,000. So, in with this new by, and
26:13
about it in about Nia, it average done, okay?
26:16
But his, he'll get if the price of Bitcoin breaks, 29,000 sailor
26:23
will be break, even so this week, maybe maybe.
26:29
Anyways, everybody, let's move on to the other big piece of
26:33
news. So we always talk about the
26:35
separation of money and state. We've been covering diligently
26:39
The operation chokepoint 2.0. What is that, right?
26:41
It's the attempt by the current Administration in the u.s.a.
26:44
bind Administration and attempt to isolate the industry from the
26:47
traditional Financial system in my opinion.
26:49
I think they're trying to stop or slow down the Bitcoin
26:52
adoption. I don't think it's gonna work.
26:54
We also had Fidelity announced quietly that they're enabling
26:58
Bitcoin purchases on their platform to their millions of
27:03
users, right? So you know, and again look
27:07
can't stop market It's right, like, it's extremely profitable
27:12
to bank Bitcoin companies, right?
27:15
So you know I think we always say right Bitcoin exposes
27:19
incentives, I think they're going to have to completely
27:22
expose what it is they're trying to do and the reality of why
27:26
they're trying to do that. Because right now it's all under
27:29
the guise of protecting the consumer and FTX the FTX
27:33
collapse. And all this banking collapse
27:36
provided the perfect smokescreen for them, right?
27:39
Right. But I think that if they really
27:40
want to like, they really, really want to stop this in its
27:44
tracks. I think they're going to have to
27:46
really reveal what their reasoning is behind this.
27:50
And we were talking about this last week, right?
27:52
It's not a coincidence that basically, in the same months or
27:56
the same couple weeks that the FED denied Caitlin Long's,
28:01
Bitcoin Bank, custodia was also around the same time that they
28:05
announced the FED now, right? Which is the, in my opinion.
28:09
Beginning of the US Central Bank, digital currency system,
28:12
right? So I don't think any of those
28:14
things are coincidences. But anyway, so, you know, zoom
28:17
out a little bit. This isn't only just happening
28:19
in the u.s. we covered. What was happening in the UK, as
28:21
well, right? In the UK, they were limiting
28:24
the amount of purchases that you can make that the, the, the
28:27
pound amount the dollar amount that you can make in the UK.
28:30
And at the same time, what were they doing?
28:32
They were advocating for Central Bank, digital currency.
28:34
So, I think countries that have benefited from Having the having
28:40
the ability to print, you know, a ridiculous amount of money.
28:44
So the strong Fiat currencies. I think those governments are
28:48
going to fight tooth and nail to be able to maintain that
28:51
privilege. And I think the guys that
28:53
they're using is consumer protection.
28:56
Anti-money laundering terrorism. Etc.
28:59
Etc. So here it is.
29:00
So says G7 will push for tighter Global crypto regulations.
29:04
It goes on to say, the Group of Seven, industrialized nations
29:07
will make Global crypto regulations.
29:09
Offer with a focus on increasing business transparency and
29:12
consumer protection. G7 discussions on regulating
29:15
crypto will accelerate ahead of the meeting of financial
29:18
ministers and Central Bankers from the countries goes on to
29:21
say. Japan already has one of the
29:23
tightest regulatory regimes for crypto with ft x.
29:26
Japan, customers being some of the first to get their money
29:29
back from the collapse. Crypto exchange Regulators
29:31
across the world have been working towards a global
29:34
consensus on regulating crypto, the financial stability board a
29:37
standard Setter for the global Financial system, put forward
29:40
recommendations for Global crypto rules last October, the
29:43
risks involved with crypto where a topic of discussion at a
29:46
meeting of the group of 20 major economies last month in any, the
29:50
group plans to submit a document on crypto rules at the meeting
29:54
of the leaders of the G20 nations in September in India.
29:57
Crypto has come under scrutiny. From Regulators following the
30:00
collapse of crypto currency exchange FTX last year and the
30:03
recent failures of SV Bank, Signature Bank and Silver Gate
30:06
Bank. Anyways, So, you know, again, I
30:11
think the guys of consumer protection.
30:13
And and another thing that I want to comment a before we move
30:16
on, you know, this is why the crypto industry gives a bad name
30:20
to bitcoin, right? Yes, I think that everything
30:23
that happens in Fiat, you're going to get that times 100 in
30:26
crypto. I think Fiat is crypto, but
30:29
crypto is Fiat times 100, right? So I think you're going to get
30:32
the same thing, but here's another thing, right?
30:35
That happens when this news was coming out, right?
30:37
The G7 Nations saying, hey, You can't have none of that.
30:40
You know we're going to we're going to stop that.
30:42
We're going to regulate the industry, you know, under the
30:44
guise of consumer protection. But what's happening across the
30:48
world, right? We are talking about how in Hong
30:50
Kong the CPP. The CCP, the Chinese Communist
30:54
party was using Hong Kong as kind of this experimentation
30:57
ground, right? Where they can get the benefits
31:00
of Bitcoin but but separate the freedom of Bitcoin.
31:04
So it's really interesting, more news came out in regards to that
31:08
this Came out March 26. The headline for Bloomberg says
31:11
Chinese Bank Banks Court crypto firms in Hong Kong after
31:15
Mainland bank. And remember, this is all with
31:18
the approval of the CCP, crypto firms, rushing into Hong Kong
31:22
after the City opens its doors to.
31:23
The Battered sector are finding a surprising source of potential
31:27
support China's state-owned Banks.
31:30
Right? So while Banks about, you have
31:32
operation choke point 2.0 happening in the US where the,
31:35
by an Administration is being hostile trying to isolate.
31:38
Banks from the industry or trying to make it or trying to
31:41
debunk certain Bitcoin businesses halfway across the
31:45
world. The CCP which banned Bitcoin
31:48
mining within its borders which banned Bitcoin with in mainland
31:52
China is saying, hey you know you guys could bank with us and
31:57
again look at the dangers that that creates, first of all,
31:59
creates dangerous for the US economy because guess what, you
32:02
know, it, you know, it could potentially Force if the US
32:06
government gets to, you know, No, to tyrannical, it forces.
32:10
These businesses overseas, and where they going to go Hong,
32:14
Kong in Hong Kong has, its has his arms wide open.
32:17
Saying, hey, you can come here, but at the same time, the banks
32:21
that you'd be doing business with are owned by the CCP, which
32:24
we know how they feel about Bitcoin.
32:27
So, you know, it's just interesting how all this is
32:30
happening. Like, it's a danger to bitcoin
32:33
businesses. It's a danger to the US for for,
32:35
you know, potentially leaving the u.s. behind.
32:38
And right, this is crazy. And then all of this everything
32:42
that I'm just saying reminds me of opt, he's very, very wise,
32:46
observation, you can't ban Bitcoin, you can only ban
32:50
yourself from Bitcoin. So, you know, the US, the US
32:54
government, you know, with this operation choke point 2.0 that
32:57
it's doing, you're not going to stop this thing.
32:59
You're not going to stop this freight train.
33:01
You either benefit from it or you you choose to ban yourself
33:05
from it at the risk of potentially These businesses
33:09
fleeing to Hong Kong which is controlled by the Chinese
33:13
Communist party, which is arrival of the u.s., in the
33:17
first place, like this is. This is total clown world.
33:21
Like are we not seeing the same things that they're seeing look?
33:24
And then everything I just said, now remember the video that went
33:28
viral all over Twitter with the leader of Russia, Vladimir
33:33
Putin, shaking hands with Xi Jinping.
33:36
This is the u.s. really want to put itself.
33:38
In that position where it potentially loses these Bitcoin
33:41
businesses to a hostile to a to a competitive country.
33:46
This it really want to put itself in that position.
33:49
So again it's you know playing with fire.
33:53
That's what I got to say about this.
33:54
It's playing with fire. Wake up, take the orange pill.
34:00
It's going to make everyone's lives better but I get it.
34:03
I get it. If I get it, I get it.
34:06
I get it. You s bureaucrats, I get it,
34:08
okay? Okay, you've had this ability
34:10
print money for free, you know, pay for Endless Wars and I get
34:13
in. Bitcoin comes along saying, hey
34:14
you know what, you can't do that anymore.
34:16
But at the same time we're going to make like, everyone's lives
34:18
better, right? And I get it, you know?
34:20
You say that look no, I want to control the money.
34:22
I want to control the monetary policy will.
34:25
Oh man, this is well this is The Clash, you know and Corey clips
34:29
and wrote a great piece, right? The race to avoid the war.
34:32
This is why we got over it. We this is what this is.
34:33
Why we got our in the waist race.
34:35
This is why we got a win the adoption race.
34:38
Anyways Opti. What are your thoughts on all
34:40
this brother? Well, first on to your last
34:42
point, we're going to drop an article tomorrow on our sub
34:45
stack basically, outlining the Fiat incentives and it's a it's
34:50
a kind of a very good counter narrative to what we usually
34:53
talk about. I know it's bitcoiners were very
34:54
paranoid and we're like, man, these people are evil but I'll
34:58
leave that for tomorrow so that you guys can go read it.
35:00
And then one more thing before I get into the G7 and the China
35:05
news last week when we covered the Fidelity, Any news, we did
35:09
get a few updates on the whole roll out.
35:13
I know a lot of people were talking about oh this is just a
35:15
bunch of paper Bitcoin until they self custody that Bitcoin,
35:18
then it really doesn't mean anything.
35:19
Well we did get some some you know, some grumblings from
35:23
people that work within the company that they say they are
35:26
either looking into it or going to roll out self custody.
35:28
So until that actually comes out you know our concerns are very
35:32
valid but if the rumors are true then it is looking very good.
35:38
For like the Bitcoin adoption that we continuously talk about,
35:41
you know, they have millions of accounts and customers.
35:44
So hey man, I think at this point it's almost one of these
35:47
moments like buckle up, make sure your sats are in Cold
35:49
Storage gradually then suddenly things make it crazy.
35:53
Anyways, to the other news, you know, G7 in my opinion is just
35:56
scared. And if we connect this with
35:58
operation, choke point like Nico, did we know that the
36:00
powers that be? They want to stop the exit valve
36:03
AKA Bitcoin. And so I think it's important to
36:05
emphasize the words, you know, global Bitcoin and chick coin
36:09
regulations they're trying to have that that Global Connection
36:15
with in all the world like they can't stop Bitcoin.
36:17
They can only ban themselves from Bitcoin but if there is a
36:20
global coordination against Bitcoin then they can definitely
36:23
hamper the adoption of Bitcoin and what a good what our
36:26
governments good at you know stopping Innovation so Bitcoin
36:30
will only out, innovate them even with all the regulations
36:33
but hey I think that's like the government's best best job is
36:37
regulating and stopping. In a fit Innovation like
36:40
government agencies are extremely inefficient and that's
36:43
all they do. They stifle Innovation because
36:45
they're scared and this is probably, you know, the only
36:49
thing that they're good at. But again it's all about
36:51
incentives and you know if your job was dependent on the money
36:54
printer then I'm pretty sure you'd want to maintain your
36:58
regulatory mode as well. It's just pure incentives of the
37:01
Fiat system so I can't really blame them.
37:04
They are humans, they do probably think that they're
37:06
doing something good for Humanity.
37:08
Even though they may be blinded and they don't understand
37:11
exactly what they're doing, but hey, this is why we don't have
37:14
to trust them. We don't have to listen to them
37:16
anymore. We have a money that's
37:17
completely outside of their control.
37:20
Now, if you connect this with the China news, it is very
37:23
interesting to see the Chinese government.
37:25
Do a complete 180 degree turn from their mining been two years
37:30
ago and I think that's a lot of signal.
37:33
When you connect the dots with the whole bricks news that Nico
37:36
is talking about, and Everyone talking about dropping the
37:40
dollar like I think we are no longer in Kansas anymore.
37:43
Dorothy and the game theory of Bitcoin is playing out on a
37:47
nation state level and American bureaucrats need to step up
37:50
their game and adopt Bitcoin or else.
37:52
We are really going to be left behind.
37:54
Like if America wants to do an extreme upgrade and innovation
38:00
of what is going on in the future.
38:02
Adopting Bitcoin would really throw a wrench into this whole
38:06
government money game going on, you know, you You don't have to
38:09
compete on a government-issued money level, you just adopt
38:13
Bitcoin and you just start prospering, you know, AKA Allah
38:18
what El Salvador has shown to happen.
38:20
So I think it's becoming a very, you know, back to Elizabeth
38:26
Warren, you know. I think it's becoming a
38:28
legitimate national security threat, just not in the way that
38:32
they're talking about. Like, if you want to maintain
38:34
your power in the world, you got to understand that.
38:37
No one is going to try. You anymore.
38:38
Like, I think, you know, I'm an American, we are Americans, I
38:42
think America is starting to become like the laughing stock
38:45
of the world right now, and if you want to maintain that power,
38:48
it's not about pushing harder. To make more people, adopt, the
38:53
dollar and enforce the dollar. It's it might be, you know, II
38:57
know this is like a stretch, but like, abandoning the dollar
39:01
altogether and jumping on the Bitcoin standard, of course,
39:04
that is a bit hyperbolic, but at least endorsing Bitcoin, at
39:08
least Allowing Bitcoin companies to thrive in your country will
39:12
allow us to maintain the footing that we've had in the world for
39:16
the last, what, you know, long time.
39:19
So, I'd like to see our bureaucrat stop, fighting
39:23
Bitcoin. But hey, again, as individuals
39:26
bitcoiners, will out-innovate governments and this is just
39:30
part of the game. And I just really hope that we
39:32
don't shoot ourselves in the foot.
39:34
And I mean, I again, I think this is just very interesting to
39:37
see things play out at Level like it's just absolutely crazy
39:41
that we are. We are seeing again the Bitcoin
39:44
conversations the Bitcoin ideologies play out in real time
39:47
and man the gradually then suddenly me my don't think has
39:50
ever been more prescient than today.
39:53
Like we are really this, I think by the end of this year, like
39:56
it's going to be very surprising for all of us.
39:58
Not only maybe in price but also just like how crazy things have
40:02
gone. You know, I can we get a week
40:05
where it some crazy stuff doesn't happen like nope, but
40:08
not at all, like, nope. Nope, not at all.
40:11
Anyways, anyways, everybody before we move on to the culture
40:15
segment, there's a peaceful Revolution happening, but you're
40:18
not a part of it. If you're not taking Bitcoin
40:21
into self custody, and if you take Bitcoin into self custody,
40:24
I write down your seat. Well, don't write your seat on
40:26
paper paper sucks, put your seed on metal and there's no better
40:31
place to do it. Then the bit plates, Domino,
40:33
easy-to-use, hard to destroy bit plates, Domino or designed to
40:36
preserve Bitcoin wallet backups. Key phrases and passphrase is
40:40
made from highly corrosion-resistant 316 marine
40:43
grade stainless steel offering, the ultimate protection against
40:47
extremes of temperatures. 10% off all B, plates products,
40:50
using promo code, simply. Anyways, everybody, let's get to
40:55
the culture. We have a lot to talk about the,
40:56
check it out. The daily culture brought to you
41:03
by Swan Bitcoin.com, Swan is the best way to build your Bitcoin
41:07
stack with automated Bitcoin savings plans and instant
41:10
purchases serving clients of any size from ten dollars to ten
41:15
million dollars. We love Swan because they
41:17
incentivize self custody and dollar cost averaging.
41:21
What are you waiting for? Visit Swan Bitcoin.com today.
41:26
Alright guys I also want to tell you about Swans new offer, Swan
41:29
Ira real Bitcoin. No taxes.
41:32
Bitcoin is generational wealth and you could secure your bright
41:34
orange future with the swan Ira. So on offers both traditional
41:38
and Roth options to best fit your needs, create your IRA and
41:41
start adding Bitcoin in less than one minute transfers and
41:44
rollovers are available swans Bitcoin experts will get you set
41:47
up with no transfer fees and no minimum balance requirements.
41:50
This is real Bitcoin non ETF or other derivative get the real
41:54
thing and get it at the swan. Go to Swan.com era.
41:57
More details. And of course, if you have any
41:59
questions, you can always shoot me, a Twitter, DM, anyways,
42:02
updates. All you brother, let's go.
42:05
All right guys, so as we've talked about last weekend on
42:09
Friday everyone, I'm sure if you're on Twitter is very aware
42:13
of this Bitcoin skull, you know, paid for by Greenpeace and
42:18
ripple and it completely backfired on them.
42:22
And over the weekend we got a lot of dialogue going back and
42:25
forth with the artist and so I I want to cover some of this stuff
42:29
because on the one hand, it is very interesting to hear that.
42:34
You know, the artist may have become orange pill, but also,
42:38
I'm gonna, I'm gonna probably throw a little doubt in there as
42:40
well, but anyways, let's just get into some of this stuff.
42:42
So, as I covered on last week and I only mentioned it, I
42:47
thought this would be a good place to start.
42:49
So we got the artist himself, Theo, Von Wong and he goes,
42:53
totally agree with you. Proof of stake will never work
42:55
for Bitcoin. It goes against its descent.
42:57
As ethos that being said, I refuse to believe that nobody on
43:00
the planet can come up with a more energy-efficient update.
43:03
I don't know what it is, but we need to create demand first and
43:06
shout out to my boy, Rory, high side a very toxic and smart
43:09
Bitcoin and he goes, you clearly.
43:11
Don't understand big coding at all.
43:13
Any energy that can be saved, will be filled.
43:16
Again, very quickly. The demand is made up of
43:18
conversion of energy to monetary unit.
43:20
It's a fact that you can't save this energy anyways, what kind
43:25
of that back in at the end? I thought this was a very
43:29
interesting comment. Right here.
43:30
We got a friend Stevie Spears. It goes.
43:32
I officially start the bid at 1 B, TC for the skull who's going
43:35
to make the Google spreadsheet and Theo.
43:37
Bond goes, oh man, I wish I was paid a fraction of that so it's
43:42
almost like he got scammed out of the commission.
43:44
Anyways, anyway that's a whole, another point.
43:46
I really want to cover this thread right here and I'm not
43:49
going to cover the whole thread because I kind of want to get
43:51
into how bitcoiners commented on this thread and I think that is
43:55
the signal throughout this whole thing.
43:57
Anyway, still goes Thursday evening.
43:59
I was sad. I just spent six months pouring
44:01
my heart and soul into building, an amazing installation to
44:04
inspire real change for something.
44:05
For you. Seem to care about then Bitcoin.
44:07
Twitter noticed this goal of Satoshi and the roller coaster
44:10
began. So he goes into some of his
44:12
background, that he's, you know, environmentalist you want to
44:16
call Action to things Vias are and this is what he is inspired
44:21
and motivated to do. And so he goes I made the school
44:24
believing that Bitcoin mining was a simple black and white
44:26
issue. I spent my entire career trying
44:28
to reduce real-world, physical ways, and proof-of-work, felt
44:32
keyword, felt intuitively wasteful.
44:35
Of course, I was wrong. Few things in this world are
44:37
black and white and then back and forth with with bitcoiners.
44:41
He is seemingly starting to realize that.
44:45
Hey, maybe he was misled and maybe he doesn't have all the
44:49
facts to the matter. So to his point Greenpeace
44:53
believes that human Ingenuity and Innovation will prevail and
44:56
that a better version of Exist in the future that has all the
44:59
upsides and none of the environmental.
45:01
Downsides anyways bitcoiners believe that Bitcoin will never
45:04
change its code unless an existential risks exist for the
45:07
network instead of fighting it, join it and improve it from
45:10
within work within the system of existing incentives, make the
45:13
system more sustainable. He says there's people on both
45:16
sides who believe that the other is naively, optimistic,
45:18
misguided and misinform. And he goes, the only solution
45:22
that can win is the best one. Anyways, so rather than fighting
45:26
each other and Proving the other wrong, maybe we should get to a,
45:31
you know, some common ground and actually have a level
45:35
conversation about this. But hey as the Bitcoin, ER, I
45:38
think that the Greenpeace and the Ripple Army behind, it are
45:43
not actually having a debate in good faith and I will bring some
45:47
some topics and some other Tweets in the end for to prove,
45:51
my point. Anyway, just go Alyssa Toshi has
45:53
taken on a life of its own, and is now completely out of my
45:56
control and the World Greenpeace will use it as a symbol for why
45:59
Bitcoin needs to change its code online.
46:01
Become a mascot for Bitcoins environmental potential and I
46:04
love that. And so he goes on at the end of
46:07
the day, I'm not driven by profit, I'm driven by the desire
46:10
to make a difference. So many of you have offered to
46:12
send tips, but that would make it seem like I'm just trying to
46:14
profit off this Sunday, guys. Keep calm meme on and long live,
46:18
the school of Satoshi. So it seems at least from this
46:21
thread that he is starting to understand that maybe he was
46:25
either on the one hand misled or maybe The, the issues wasn't as
46:29
black and white. As he thought, or maybe he's
46:31
kind of backtracking a bit and realizing that you can't really
46:34
go head-to-head against the army of Bitcoin, all tests on the
46:37
internet. Anyways, I brought a few tweets
46:39
from friends to kind of make our point for us and kind of give
46:44
different perspectives of what bitcoiners are thinking and
46:46
talking about in hot or not goes, can only speak for myself,
46:49
but the skull Satoshi sitting, certainly isn't a mascot for
46:52
Bitcoins environmental potential?
46:54
For me, it's more like a manifestation of Bitcoin doesn't
46:56
care and Is it? I'd conviction this whole thread
46:59
is a mess and doubling down on this Francis.
47:03
Pull it goes. It's not a belief.
47:05
And here I'll mention the quote tweet right here, deal, Bongos
47:08
Bitcoin and believe that Bitcoin will never change its code,
47:10
unless an existential risk exists for the network and then
47:14
Francis bullet goes. It's not a belief.
47:15
It's a fact. Nobody can hard for Bitcoin to
47:17
change proof of work. Are any consensus rules.
47:19
You can only create an altcoin airdrop new tokens to bitcoin
47:22
holders and try to convince people to agree, to call the
47:25
altcoin Bitcoin. And Get the Bitcoin brand and if
47:29
you want and you know real time synopsis of this go check out
47:34
the block size Wars. And remember what happened when
47:37
be cash was created. Anyways this was one of the good
47:41
tweets that came out of this is from Preston pish.
47:43
It is a little long, but I do want to read it because it lays
47:47
out things very eloquently. So this is the Tweet press and
47:50
Pitch goes. The irony of the art is comical.
47:53
If people actually want to understand why bitcoiners are so
47:55
amused. This is why I It read demand
47:58
response, programs are essential for balancing electricity supply
48:02
and demand increasing grid efficiency and integrating
48:05
renewable energy sources, Bitcoin mining can contribute
48:08
significantly to these programs by absorbing excess energy
48:11
during peak time. Providing a sustainable
48:13
Financial system. Less reliant on traditional fee,
48:15
on infrastructure during High electricity, demand supplies
48:19
often stretched thin leading to increased costs and potential
48:22
grid instability. Conversely, during low, demand
48:25
excess energy, particularly from intermittent Renewable sources
48:28
like solar and wind can go to waste Bitcoin mining with its
48:31
immediate on demand energy consumption can function as a
48:34
flexible load that adjusts energy usage based on grid
48:37
conditions by participating in demand response programs, miners
48:41
help, absorb excess energy during periods of low, demand
48:44
acting as a battery storing energy in digital currency form,
48:48
this helps balance the grid and encourages the adoption of
48:51
renewable and already existing natural energy resources.
48:54
In addition to environmental benefits, Bitcoin mining.
48:57
To a more efficient Financial system.
48:59
The traditional Fiat based Banking and Financial
49:01
infrastructure requires millions of employees, thousands of
49:04
branches data centers and other resources to function.
49:07
Consuming significant amount of of energy by comparison the
49:11
Bitcoin Network. Serves as the decentralized
49:13
financial backbone, requiring far, fewer physical, resources
49:16
and Personnel to operate. Bitcoin is decentralized nature,
49:20
eliminates many intermediaries in the financial system,
49:23
streamlining processes, and reducing overhead.
49:25
Cause sure the mining Process requires computational power
49:29
consuming energy, but the overall energy usage is
49:32
significantly less than the traditional Fiat system.
49:35
Moreover the Bitcoin Network operate 24/7, providing
49:38
near-instantaneous Global settlements contrasting with the
49:41
slow traditional Finance system. Anyways, increase efficiency of
49:45
the Bitcoin Network translates to reduce energy consumption per
49:48
transaction. The transition to a Bitcoin
49:51
based Financial backbone. Could result in significant
49:54
Energy savings as a computational power needed for
49:56
mining is less. Research intensive than
49:58
maintaining the existing Financial infrastructure and you
50:01
can see sailor right here with the meme.
50:03
Everything is good for Bitcoin. So, while this whole thing, may
50:07
have backfired in ripples face, it's obviously started a new
50:11
conversation and maybe a new dialogue for people that aren't
50:14
aware of how Bitcoins energy use, really, interacts with the
50:18
world. Anyways, I really like Beauty on
50:20
tweets right. Hand goes long is sad because he
50:22
was lied to by Greenpeace and publicly humiliated as his heart
50:26
was hijack. Purpose and put in service of
50:28
the Bitcoin narrative war on the side of Truth, in the age of
50:31
Internet, he should never have allowed himself to be Echo
50:34
chamber by Greenpeace, and I kind of double down on this
50:38
because chefs out to ghost of Whitman and he brought some,
50:42
some receipts here and you can see that deal Von Wong, maybe he
50:45
wasn't necessarily lied to by Greenpeace, maybe he falsely
50:48
thought of, you know, Bitcoin proof of work as actually
50:51
wasting energy. It seems like he had, you know,
50:54
environmental is bent to begin with and it does seem The
50:57
surface that Bitcoin wastes a lot of energy.
50:59
Anyways, we have some tweets here screenshots that ghost of
51:02
Whitman, brought up and you can see Von Wong talking about
51:05
coinbase, customer support, and anyone having better
51:09
recommendations for buying Bitcoin.
51:10
And then of course, a super simple breakdown of the network
51:13
effects of Bitcoin. Why is here to stay?
51:15
Even if you might hate it, and these are dated in 2017 and in
51:18
2022, and furthermore in 2022, he said someone bought Von Wong
51:24
dot youth, I guess I should take that as a compliment.
51:27
So he's not very necessarily Green.
51:30
In regards to the whole crypto space, maybe he's just been
51:33
misled in either by the change. The code Greenpeace or maybe
51:37
shit Corners out there any ways to my point in the beginning
51:40
about Greenpeace. I think arguing in bad faith is
51:46
very well described by Beauty on.
51:49
In this one tweet you have changed the code here that goes
51:52
regulation is crucial to ensuring Bitcoin.
51:54
Mining doesn't undo our climate progress.
51:56
We need to know exactly We how much carbon emissions Bitcoin
51:58
mining is causing and then create clear guardrails to cut
52:01
emission and Beauty on goes what C TC change.
52:04
The code has just Telegraph is that they don't know what the
52:07
emissions level of Bitcoin miners are and that they just
52:10
feel that it's a lot normally science follows evidence, not
52:13
the other way around. It's clear from this that
52:16
change. The code is motivated by
52:17
politics not science. And I think this is the Crux of
52:20
the whole conversation as bitcoiners have been pointing
52:23
out this whole change the code, the Greenpeace being backed by
52:26
Ripple Oh, and the attempt that they're doing to make this
52:30
political on Twitter is obviously in bad faith as far as
52:34
I'm concerned and as a Bitcoin. Because again, using Beauty on
52:37
between Bitcoin mining is a highly efficient use of
52:39
electricity where miners are trying to extract their greatest
52:42
amount of hash rate from the smallest, or cheapest amount of
52:44
electricity mining uses, less electricity than many other
52:48
uses. And there's a great Meme here of
52:50
just how little energy. Bitcoin mining actually uses in
52:54
comparison to other Industries and this is kind of the Crux.
52:57
The conversation that we talked about here all the time.
53:00
Bitcoin is so small and it gets so much lip service that it is
53:04
becoming very obvious that the energy used Fudd is not about
53:09
Bitcoin actually affecting planet Earth but it's more about
53:12
a political stance to stop the adoption of Bitcoin and I think
53:16
that's the most important thing going on.
53:18
Yes, as bitcoiners we know the truth, we know the facts but
53:23
there is one silver lining about this Bitcoin School.
53:27
And that is that there is a new dialogue being spoken of and
53:31
further, the idea that bitcoiners maybe we do need to
53:35
kind of, you know, Branch out of our little Echo chamber are, you
53:40
know, the Bitcoin cult because the average person doesn't
53:43
understand what we're doing and I think if we you know I will
53:47
say it for myself I'll stop using the we word trying to make
53:51
our message be a little more palatable.
53:53
A little more digestible for the average person I think would go
53:56
a lot farther. Then just doubling down on the
53:59
Bitcoin meme. So only your friends and family
54:02
are your friends and Echo chamber.
54:04
Understand what we're talking about now.
54:05
I'm not telling you what to do, but this is something that Nico
54:08
and I have kind of Taken upon ourselves.
54:10
It's okay. How do we get this message to as
54:12
many people as possible and as digestible way as possible,
54:16
because most people don't understand our memes.
54:18
Most people don't understand anything we are doing and
54:21
there's a great article Here Again, by Beauty on, I really
54:23
like Beauty on to work and it's this article Bitcoin doesn't
54:26
waste. Electricity so I highly
54:28
recommend you read this and then cover the stuff for your for
54:31
your friends and family so that we can continuously spread the
54:34
signal. But tldr, I think what we saw
54:37
happen over the weekend is back to the Bitcoin meme.
54:41
Everything is good for Bitcoin and even though Ripple Army and
54:45
change the code and Greenpeace are very obviously, politically
54:50
bent to attack Bitcoin. We have repurpose the meme.
54:56
It has become something that is probably now going to be a
55:01
Bitcoin me moving forward, this is mine now and I just love to
55:05
see it but on the idea of arguing in good faith if the
55:10
obon Wong does basically become orange pill throughout all this
55:14
again. I think this is all good for
55:16
Bitcoin as we continuously cover on the show and as other
55:19
bitcoiners show continuously with their work, Bitcoin is A
55:24
benefit to humanity and the amount of energy use that word
55:28
that is used to protect sound money.
55:31
I think is negligible in regards to what it will do for society.
55:35
And so, again, as I put out a tweet over the weekend, who are
55:40
you to tell me what I can do with my electricity when I paid
55:43
for it fairly again, I am convinced and Nika.
55:47
You can back me off the edge here.
55:49
I am convinced that the people that are using Bitcoins energy
55:52
use as a political fudge. Tool.
55:54
Want you back in the stone age's and I want to use more energy
55:58
because energy means that Society is prospering.
56:00
So do not let them convince you, otherwise do not fall into the
56:04
frame energy. Use is good, electricity is
56:07
good. And anyone that tells you
56:09
otherwise is trying to control your behavior.
56:12
And furthermore, probably. Now I'm not going to say I'm not
56:14
gonna as I doing some nefarious things, anyway, think over and
56:17
over. Bars bars.
56:20
I mean, bro. Like speak of backfire speak of
56:24
backfire. And you know what I said this?
56:26
When we originally aired this episode on Friday Opti, they try
56:30
to make a mean, but the problem is that you can only make a meme
56:33
when the common denominators truth when the common
56:35
denominator is not truth. Dude.
56:37
Like it's, you know, like there. That message that piece of art
56:44
only works. If everyone is buying into
56:50
everyone is buying into that specific narrative, right?
56:53
But people are not buying into that specific narrow.
56:55
People were not buying into that specific narrative, right?
56:58
So that it's not, you can't understand it.
57:00
You can't, you can't like, you can't like, it doesn't makes it
57:03
makes absolutely no sense to the average everyday person or
57:07
sorry, the average everyday Bitcoin ER, where they're like
57:10
yeah, but that's not Not true. So yeah, bro, the green priests
57:14
Ripple, Chris Larson. They got out mean, bro.
57:18
They're me. There their attack, we Jiu-Jitsu
57:22
tit as bitcoiners and we throw it back at them, you know?
57:25
Anyway, and the artists like saying like, hey, you know, I'm
57:28
so so grateful for everyone. Educating me and stuff.
57:31
Absolute clown World, anyways. This is what happens when you
57:35
try to out mean bitcoiners, bro, we out me.
57:37
Me back, anyways, everybody. Speaking of memes let's get to
57:40
the meme review. Let's do it.
57:44
The daily meme review brought to you by Kaboom racks.
57:48
I get this question all the time.
57:50
Nico. Where should I buy Bitcoin?
57:51
Miners to answer is Kaboom racks.
57:53
It's the best place to buy Bitcoin miners.
57:56
That's where you're going to find the best deals and the best
57:58
prices start. Your mining Utopia today to
58:02
check out their racks. You got to go to T dot me, slash
58:05
Kaboom racks. Join their telegram group and
58:07
start your mining Journey today. Kaboom racks.
58:13
Love it. Well, I was waiting for nigga.
58:16
Anyways guys, this is the this is the meme review.
58:20
Your favorite portion of the show where we cover your memes.
58:23
So tag me on Twitter, drop them in our telegram group.
58:26
I'm sourcing all the material, Kaboom acts so that we can have
58:31
them so that we can cover them live on the show.
58:35
Anyways, this first are actually, before I go on, you
58:37
guys already know, we are in an information Warfare tweet to the
58:41
bullets memes are the artillery and Just continue to get the
58:44
signal out there. Continue to get the calls of
58:46
actions because the world still doesn't know that Bitcoin is
58:49
dissolution. Anyways I know I am the cliche
58:52
Bitcoin ER that has been watching The Big Short all
58:55
weekend actually for probably weeks now but we got this good
58:58
meme from Ben Rickert and if you know you know he is based or the
59:03
Brad Pitt character is based on Ben Rickert in The Big Short.
59:06
Anyway he got this Meme here and now there's something that
59:10
bitcoiners we say all the time, imagine playing Monopoly and
59:12
never buying Any assets are investments.
59:14
That generate income. Imagine you just went around
59:16
collecting $200. Giving your money to the rich
59:19
and trying to stay out of jail. That is how most people live
59:22
their lives stacking Bitcoin. You are playing with funny
59:27
money, Monopoly dollars that our paper money that I owe you
59:33
instruments and you think if this is real money opt out of
59:37
this madness saving Bitcoin this is the way.
59:39
Anyways, this next meme is by at boom underscore hot own egos
59:42
Bitcoin. Saves and we got a bear not
59:46
referencing Bitcoin bear Market but we got a Bitcoin bear and he
59:49
goes you okay. And there's like a little bear
59:52
and it's a pretty Corner hanging on the Fiat system because I'm
59:54
barely hanging on and then we got the Bitcoin bear moving over
59:58
to get under the pre corner and the pre Corner says thanks man.
1:00:03
I can finally opt out of the Fiat system.
1:00:06
I can finally, you know, survive and this is the way I really
1:00:10
wanted to bring this one because I felt this for myself.
1:00:13
I like to call it Bitcoins n with, with my friends.
1:00:16
Once you opt out of the Fiat system, you no longer are just
1:00:19
hanging on, you can finally start to thrive.
1:00:22
Anyways, this next meme is by Don Dungey amol Bitcoin bash on
1:00:29
Twitter, sorry, bro. No corners think they're late to
1:00:31
bitcoin. How can you be late to a finite
1:00:34
asset? And we got, I don't know what
1:00:36
movie this is from. But we got a dude and he goes I
1:00:39
lost so much money in Bitcoin dude and then we got the Bitcoin
1:00:42
and Goes you still own the same amount of Bitcoin.
1:00:45
This is the way guys, I know that the volatility of Bitcoin
1:00:51
scares. A lot of people in the Fiat
1:00:52
price starts to fluctuate but Bitcoin is the stable coin sats
1:00:56
are the stable coin sats are my safety and as long as your sat
1:01:02
count is the same, you have not lost any value.
1:01:05
As long as you don't sell, you have not lost anything anyways.
1:01:08
Its next meme is by BTC Gandalf and he goes everything is good
1:01:11
for Bitcoin. And we got to class Tom.
1:01:13
And Jerry mean. He literally it literally we
1:01:15
tried to describe or what? I tried to describe at the end
1:01:18
of the culture segment, that Meme does it in two seconds.
1:01:23
Power of the meme, the power of the main problems, is the
1:01:27
classic Tom and Jerry meme where Tom has a shotgun and he puts it
1:01:33
in the mouse hole. And then it pops out on the top
1:01:35
and it's basically aimed at his head.
1:01:37
And the, the shotgun is the Bitcoin skull.
1:01:42
And And Tom is Ripple, read. Everything is good for Bitcoin.
1:01:46
Anyways, this next meme is by underscore, overflow underscore
1:01:49
and goes green peas, trying to figure out how to change the
1:01:51
code. And this is the other classic
1:01:53
meme template of the guy reading the book and the book is the
1:01:56
block size Wars and he opens up the book and he looks inside
1:02:00
trying to figure out how to change the code.
1:02:01
You can and Greenpeace just sheds a couple of Tears because
1:02:05
they don't understand that they can't change the code.
1:02:08
You know, as I said last week Greenpeace, you know, release a
1:02:12
bit. Maybe people will adopt.
1:02:14
No, that's not what they want. They want to do.
1:02:17
They want to coerce people into using their version of Bitcoin.
1:02:22
They don't, they don't, they're not interested in releasing a
1:02:25
bit, bro. They want to force you anyways,
1:02:27
dude, I know, anyway, I know, but it still makes our point for
1:02:31
us guys. Anyways, it's next meme is by
1:02:33
Gustav Becca and she goes Stacks at and watch the Fiat Banks
1:02:37
collapse, and we got the classic Reaper meme, except on the head
1:02:42
of the reaper. We got Jim.
1:02:43
Kramer, and the first or says SCB the second door, said
1:02:46
Signature Bank. The third door says Credit
1:02:48
Suisse, and then now, Jim Cramer Reaper is knocking on door, each
1:02:52
bank. And as we saw over the weekend,
1:02:55
very interesting stuff going on and Legacy Fiat world right now.
1:03:00
Anyways, its last name, I really like this one.
1:03:02
It's my heavily-armed clown and it's a play on the come and take
1:03:07
it meme the flag or the don't tread on me flag as well and
1:03:11
it's Bitcoin come and check. Change it, github.com / Bitcoin,
1:03:15
and it's got the green skull on it.
1:03:16
I'm sure there will be a bunch of come and change it memes with
1:03:21
the Bitcoin school to come around for a while.
1:03:24
It's taken on a life of its own anyways, drop your mean review
1:03:28
score in the chat and we will cover them live.
1:03:32
And in the meantime, I think I'm going to give this give this
1:03:38
score Construction boots for the work that we have ahead of us
1:03:46
very funny in the world refitting, I'm going to give it
1:03:48
this brand-new white Xbox controller for the play out of
1:03:53
us. Wow, look at us.
1:03:56
Symbolic am Pollock answers today, symbolic AF.
1:04:01
Anyways, everybody before we get to the live chat meme review, I
1:04:04
want to give a shout-out to the awesome clothing.
1:04:06
Company that sponsors. The meme score represent LTD.com
1:04:13
check it. Check it out opting.
1:04:14
I were wearing the merch opt he's wearing the T-shirt.
1:04:17
There's some T-shirts that are still left.
1:04:18
This sweater is sold out. Get your simply Bitcoin merch
1:04:21
while supplies, lots that the hats are off this.
1:04:25
The hats are sold off as well. Check out all the other merch,
1:04:28
they have on the represent LTD.com store.
1:04:30
It's stylish is comfy. If you ever see me at the
1:04:32
airport walking around, I will nine out of ten times be
1:04:36
watching. Be wearing represent, merge.
1:04:38
Because Cuz it's super super comfy.
1:04:40
You can use promo code simply Dash Bitcoin.
1:04:43
Get yourself get yourself a 10% discount anything on the store.
1:04:47
Anyways Opti. What do you have for us brother?
1:04:51
I got a few in here, we got one job.
1:04:53
Drop Your Meme review score but we got one right here in Eco
1:04:58
Elaine. Score bitcoiners.
1:05:01
Wait wait wait Opti. Hold on a second, hold on a
1:05:05
second. And a lot of kind of score
1:05:17
bitcoiners Red pills about climate change.
1:05:21
No comment. No comment on planet Earth, and
1:05:24
giving these memes a money and power a fresh perspective
1:05:27
dropping tomorrow on simply Bitcoin, unfiltered.
1:05:29
Yes, check it out. We're dropping that tomorrow.
1:05:33
You guys are going to like that. One go to www.hawaii.edu use if
1:05:37
you want to join our subjects, absolutely free pop these Coke
1:05:41
from McDonald's. Once I see you nihilus Fields.
1:05:45
Score one straw from McDonald's and One credit card from the
1:05:48
Bitcoin today. Yeah, it's average of rope
1:05:52
rating. These memes one rooftop Korean
1:05:55
salty. Sweet Betty Betty.
1:05:56
Nice Betty really nice. Max Trotter.
1:05:59
I donate my score to Orange pieces.
1:06:03
Physical Bitcoin. Our ice score with an expired
1:06:06
decline block by credit card. Oof did they go out of business?
1:06:11
Whiskey Bravo, Mike, I give it my spicy noodle soup that didn't
1:06:15
have the spice packet in it. Erect mr.brother rug, pull what
1:06:21
a rape or rate. The means hot these date with
1:06:23
worn at the campfire. Eating steaks.
1:06:26
It was a delicious steak Tucson. I give the memes, wine and kiss,
1:06:31
calves. He's allegedly best Cavs in
1:06:35
Bitcoin but I don't know. Max Keiser has something to say
1:06:38
about that. Anyways everybody, we are out of
1:06:41
time. There's a buzzer.
1:06:43
All right guys. Also, check out the we told you
1:06:47
about something big going on filter.
1:06:48
Check out some of the Bitcoins telegram group.
1:06:51
Our boy, Darth Darth coin. Holds it down over the weekend.
1:06:56
Go to www.ah.mil / simply Bitcoin TV.
1:07:00
That's right we host a space. Every single day of the week, if
1:07:04
it's not on Twitter, check us out on telegram over the
1:07:06
weekend, shout out to Darth, Darth coin, he holds it down.
1:07:09
Anyways guys, that was our show if you enjoyed the show, you
1:07:11
know what to do. Smash that like button and
1:07:13
consider subscribing. If you feel like we provided you
1:07:16
Valley but the number one thing you could do to help push this
1:07:19
peaceful Revolution forward as share this content in fact,
1:07:22
share all Bitcoin content, spread the orange message of
1:07:26
Peace. We love you all.
1:07:28
We will be holding it down on Twitter spaces, with our
1:07:30
friends, over at Swan Bitcoin. Best place to build your Bitcoin
1:07:34
stack. Shout out to the best producer
1:07:36
in the game. Producer, Jacob love you.
1:07:38
All will see you tomorrow for brand new episode of Simply
1:07:40
Bitcoin live.