Latest / Simply Bitcoin / El Salvador’s Bitcoin Experiment is Winning, Mainstream Media Terrified | EP 455

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El Salvador’s Bitcoin Experiment is Winning, Mainstream Media Terrified | EP 455 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments, welcome
0:08
back everyone. We're simply Bitcoin.
0:10
We break down the news. The daily fail meme review,
0:13
software releases, Hardware releases and the websites by
0:18
plebs joining us today fellow Bitcoin ER host and founder of
0:23
the advanced Tech podcast and VP of product at liquid fintech.
0:29
I'm in about Alexandra, she's joining us but right now we are
0:33
diving into the numbers. Let's do it.
0:36
Brought to you by Bitcoin 2022 is going to be the largest
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Bitcoin conference ever hosted in sunny sunny.
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Miami, Beach, Florida. It's April 6 tonight.
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It's coming up, it's in less than a month.
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Get your tickets quickly, the speaker list includes president,
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You can take advantage of the link down below for 10% off your
1:00
Gets to bitcoin 2022 at the time of this recording.
1:03
The block height is 720 8551 the Bitcoin price 40 2645 chain
1:09
rewrite day 740, total public lightning capacity, 3528 dot.
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35, Moscow time, 2345 blocks to the having 111,000 449 and the
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samurai Whirlpool unspent capacity, Samurai Whirlpool is A
1:30
coin or collaborative spending is not a mixing service.
1:33
Its unspent capacity is 4430. 6.25 Nico, the numbers, the
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numbers that a listen. It might not be a mixing service
1:44
but that doesn't mean we're going to try to make it illegal.
1:47
Anyways, I'm gonna keep saying that every single day until I'm
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telling you is it be another Niko's right moment and you'll
1:54
see why in the news. But anyways, you told Alexandra
1:57
before the show that, you know, the Sometimes we cover.
2:01
Hope IAM right. Some some interesting stats
2:04
today we're going to change it up.
2:05
We're going to react to some interesting videos that I saw on
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Twitter. The reason I'm going to play
2:11
this one is because simply Bitcoin, we told you, so, so
2:16
anyways, this is interesting. I also have a video by Elon that
2:19
will play in a second, but I'm going to shut up.
2:22
Let's check out the video. It's by President Biden.
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You know, we are in an inflection point, I believe in
2:28
the world economy. Not just the world economy in
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the world occurs, every three or four generations as one of my as
2:36
the one of the top military. People said to me in a secure
2:39
meeting the other day, 60, 60 million, people died between
2:44
1900 and 1946 and since then we've established a liberal
2:50
World Order and that hadn't happened in a long while a lot
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of people died, but nowhere near the chaos and Now's the Time
2:57
when things are shifting, we're going to hit are going to be a
2:59
new Order out there and we've got a lead.
3:02
We've got a unite the rest of the Free World and doing it.
3:05
So anyway, you know, we are okay.
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So a couple things right before I play the E Lon, let's react to
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that one. So we were right about the
3:16
fourth, turning theory that we talked about on this channel.
3:18
That's what he was referencing when he says every, you know
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every three generations or something like that.
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And you know all the conspiracy theory, I mean they weren't
3:27
really conspiracy. That's a thing they call it.
3:29
Conspiracy. But all the, all the episodes
3:31
that, you know, they would call you, you know conspiracy
3:34
theorist. Where, you know, Phil was
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pointing out, you know, we were, we would go through threads and
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we would feel bad because you would have guessed on and, you
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know, it was all that dude, like, there you have it.
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You have the president himself. Literally referencing a new
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world order order strange, bro, strange.
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And anyways, I wanted to comment this but I kept myself back on
3:53
the toilet on the Tweet. If you don't want to participate
3:56
in this new world order. Just opt out and buy Bitcoin, if
4:00
you're in dollars, you're going on for the ride with Biden
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anyways, and the president comes after anyways, Phil?
4:09
Okay, politics, aside, regardless of what party is
4:13
involved. I just want to say watching that
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speech is scary. It's scary for a number of
4:18
reasons. Not, not really so much the
4:19
messaging but more the senility the the senility kind of scares
4:24
me. I really, I genuinely feel like
4:27
the, you know, people can say, whatever.
4:28
They want but he's like a Manchurian Candidate, right?
4:30
Like he's just this person that like they've put together and
4:33
poof, they put him up in front of you and he's playing his role
4:36
even though he's kind of doing a really nine-to-five job about
4:40
it, he's playing his role now look you know that New World
4:45
Order they've been talking about, okay, they've been
4:48
talking about this past presidencies.
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I'm trying to remember right now.
4:52
Who was the past president? That also mentioned the new
4:55
world order, but I feel like it was one of the bushes that may
4:57
have mentioned it. I could be wrong, it doesn't
5:00
matter. Look at the end of the day,
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they've been the people that want to usher in because it's
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not everyone, right? It's not like, that's the other
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thing, it's not everybody in this situation that wants to
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usher in this quote, unquote, New World Order.
5:12
I believe that there are multiple factions of people all
5:15
trying to usher in their own version of the new world order.
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But my point is is that these people have been trying for a
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very long time and the nail in the coffin.
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In 1971, they knew that once they separated, once they took
5:33
the u.s. monetary system off of the gold standard completely,
5:37
and just let it float off into the atmosphere.
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They understood exactly what they did.
5:43
So yeah, we are at the end of one of those financial Cycles,
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the old senile guy knows it and unfortunately he's driving the
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frickin bus, okay? That that's scary.
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Just want nothing to do with that ride.
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Nothing down. This is like if your money is
5:57
not a bit quicker. Well, Snot in Bitcoin that is
5:59
what you have to care about politics.
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Like you you're forced to write anyways, Alexandra.
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And again, we have we weren't we didn't really give any political
6:09
thoughts on that. Phil, we were just observing it
6:11
from the perspective of plebs anyways, Alexandra.
6:15
Yes. I mean, I want to stay away a
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little bit from political leanings and all that other kind
6:20
of stuff. Because I mean, ultimately, I
6:21
think it doesn't matter. I think, whoever's up there is,
6:24
you know, the candidate of the moment and did, what kind of
6:27
power do they actually? Have, I don't know.
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I mean, it's supposed to be the most powerful position in the,
6:34
in the western free world. But but is it, I mean, if you
6:36
look at kind of what's happened over the last year or so it's
6:40
confusing. It's so hard to get a read on
6:42
what's actually happening. It's hard to get an accurate
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news source. I really do think that our only
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option for opting out is Bitcoin and building parallel systems.
6:51
So it's something that I was able to see when I spoke at hcp,
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which is in Peril and privation. AAG colony called us, it's a
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policy. It's a hacker's Congress.
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And I spoke about the death of the, you know, the old world.
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And kind of going into this new world, not New World Order in
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the sense that these for overlords would have.
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But yeah, really, it's just about empowerment and how
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Bitcoin plays a really central part of that.
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Awesome. Very, very cool.
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Yeah. It look, I I agree.
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I agree with you completely, you know, I think if we didn't have
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Bitcoin right now, look at what you Have to deal with, you know,
7:29
and then you'd have to get it. It's like, oh no, but I want
7:32
Trump. Oh no, but I want biting, but at
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the end of the day, I think you hit the nail on the head
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Alexandra. It's two sides of the same coin,
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right? It doesn't fix the issue, right?
7:42
Anyways, interesting stuff. I feel Vindicated Phil I feel
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Vindicated. I felt so bad for a long as I'm
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like, dude, we're just talking about these things.
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It's like, but it's like, it's so obvious.
7:54
You know, like adding sound insane?
7:56
Not anymore, not anymore. But not anymore but anyways.
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Go ahead Alexandra. Sorry.
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What's the saying it's? What's the difference between
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conspiracy theory and news about six months?
8:07
Yeah, we're the six months. The thing at the unfortunate
8:10
part for us is that we cover it as soon as it drops.
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So we at we like doubt ourselves for not anymore.
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But the beginning, we doubted ourselves for the first couple
8:19
of months and then we started to pick up on a pattern.
8:22
What we reported ended up on Tucker Carlson like three months
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later, you know? And I was like, okay, Phil, I
8:27
don't think we should feel Shamed anymore.
8:29
You know, we should just the report think be sincere be
8:32
honest report things you see it, you pointed out, you know, you
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give your opinion and but it's so crazy to think how
8:40
conditioned you are, right? So if you go, if it's like, if
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it's so unbelievable, it's automatically a conspiracy
8:48
theory. If it's so ridiculous, it's
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automatically conspiracy theory and how much of the government
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played a role in that right? Like, making you believe That
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anyways, just I'm going off on a tangent.
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Phil, we were professing everything with we're not
9:04
conspiracy theorists, but this is strange like, it's like we're
9:07
sitting there giving excuses as to why the sounded so weird.
9:11
And then we just stop giving excuses were like, yeah, this is
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what the clown world's doing here, you go.
9:15
Yeah. It's dude, it's ridicu and then
9:18
it with the thing that breaks my heart is we were we were more
9:23
accurate than your so-called betters, the so-called
9:27
journalist And then we started to realize that that journalists
9:31
and Legacy Media, I don't think their sole purpose is to tell
9:35
the news their sole purpose is to make a narrative, right?
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Which is why independent creators are becoming so, so
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popular. You know, you have Joe Rogan
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surpassing Legacy Media is popularity, right?
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He's getting more average viewers than any of the cable
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news shows by like a large margin, right?
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So, and I think that has to do with people are sick of the
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narrative, they're sick of the stories because I think what you
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said, Alexander is totally, right.
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I think that the, the, you know, the traditional left and right
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part. Like the actual common people,
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not talking about the political heads, right?
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I don't think they hate each other so much.
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I think it's like they're conditioned to think like that.
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But anyways, Bitcoin does fix us.
10:12
But Phil it's time for the daily fail.
10:15
Brought to you by Amber app. Check them out.
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Amber dot app. You've got a stack.
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The link is down below. Smart ways that sets the special
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segment is just going to be a complete cluster of eat failure.
10:36
And we are just going to dive right into it.
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With this first video, this is this was actually so we were
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tagged by icoc not and this is a tweet by by Matt see.
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And we could you go down on the icy else about tweek?
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Oh yeah I love how he gets. I love like everyone knows what
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that means. Thank you.
10:58
Can you guys get screwed? Get 50 likes because they have
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people know what that is like. Oh, it's gonna end up on simply.
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That's you guys are awesome. We love you guys.
11:06
Okay? Anyway, sorry this is great.
11:08
Okay, so look, so this is a traitor, right?
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Who's essentially who's talking about eith rides a crypto, bro?
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You know talking about Ethan. Its its qualities.
11:17
And yeah, let's let's dive into this.
11:22
You know exactly what you mean. You know, you buying a token
11:27
where there are 19 million in the market today and every 10
11:30
minutes 6.35 are going to be in the market.
11:34
And you know, that before you buy it, that's why you're
11:38
comfortable to buy Bitcoin and the same thing with the serum.
11:40
If we look at a serum, you gotta ease and it says Okay, the okay.
11:51
So if has a supply, which doesn't because it keeps your
11:56
releasing tokens. You know, example, that's the
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end of that. That's the end of that.
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Okay. So before before we move on to
12:04
more eith failure, that was a total cell phone that was
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absolute brilliant. It's really scary that that
12:13
person decided to, you know, fill That without actually
12:18
checking how, you know, the etherium supply.
12:21
The fact that it has no accurate maximum Supply.
12:24
The fact that it has an infinite maximum Supply, sorry, and no
12:28
way to verify the circulating Supply.
12:30
So just this is brutal. Dude, it it's, you know what,
12:35
though, to give him credit though, I think he's genuinely
12:38
thought, like, he thought something else and then he was
12:40
like, oh, you know, but it's like a cell phone, you know,
12:44
like, he didn't know and he's like, oh, it must be similar to
12:46
be. Bitcoin.
12:48
But yeah, just fail, that's what it is.
12:51
It's just a fail, anyways. Alexander, what are your
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thoughts? I mean, it's so interesting.
12:56
When the the truth just actually tells the story for you.
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Wow. Very well put so much better
13:03
than us. Nice and clear.
13:04
Right? This is simple.
13:05
This phrase, welcome. Look, we could just make the
13:08
show a lot shorter, Phil. We just say cool phrases can
13:13
make them, you know what? We could fill them with more
13:15
signal. That's what we have to do.
13:17
All right, so look. So moving on, right?
13:18
That was a total failure. Let's, let's keep on the path of
13:21
the of the eith failures. Hold on, let me make the screen
13:25
bigger for every one that's blind like me.
13:28
Okay, so here we go. This is super Fizz dot eith.
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We can decentralised aetherium today or we can just spend the
13:37
next 20 years acting like it's decentralized.
13:39
No, no. So, so, look the fact that
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you're writing this tweet that right away?
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Says everything about the centralization with the Liam.
13:47
Okay. And I love this response from
13:49
one of our fellow bitcoiners this dude, often has great takes
13:53
and it's just too bad. That not more people, pay
13:57
attention but it's okay. I know how that goes when you're
13:59
a newer account, you know. It just takes a while to help
14:01
people realize like, hey this guy's got some good takes.
14:03
So let's take a look. He goes using a permission and
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by the way it's sudden its sudden actually that's the
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account using a permission off token Supply.
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That is also centrally pretty mind for consensus is a great
14:15
way to go even more fun. Out 1559, which is the etherium
14:20
Improvement protocol thing that they recently came out with to
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burn to burn tokens, right? Burn the fees.
14:26
Anyways, allows you to increase the percentage percentage of
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auto kids that were permissioned in central pre mind, has Heath
14:32
ever done anything to decentralize control.
14:35
Nah, this is true. This is true.
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And this is a total fail and it's actually hilarious because
14:40
these people have no idea what it is, that their quote unquote
14:44
building on what it is that they're shelling on.
14:47
And by that same token let's move on to Evan van mess.
14:52
Alright so here we go Krypto crashed in 2018 because etherium
14:58
didn't deliver its 2022 and aetherium is delivering.
15:02
All I gotta do is scroll right on over to the wrecked
15:05
leaderboard and I could show you over a billion dollars of rug
15:08
pulls a billion dollars of rug polst.
15:12
Okay, that's what this is. So when he talks about
15:15
delivering, I agree. Delivered, some rug pulse, it's
15:18
delivered more Affinity scams because now we also have NF teas
15:22
that are scamming people into thinking that they're buying art
15:25
and not only that but it's also, it's also delivered a giant
15:30
central point of failure for all the people who dumped their
15:33
liquidity into quote unquote, each 2.0, thirty three billion
15:39
dollars of liquidity. Locked up in a contract that
15:41
they have no freaking clue how it's going to work.
15:44
But they've got a roadmap with a lot of really funny word.
15:47
It's anyways, this is just brutal Nica.
15:49
What are your thoughts before we move on to the the ultimates,
15:52
the ultimate part of the Bitcoin fail?
15:54
Yeah, dude, look, we started this yesterday.
15:57
When I pulled up that sweet referencing.
16:00
How it was just a theory. It's like etherium is going to
16:03
be deflation Airy. Aetherium is going to be
16:06
decentralized. That's not how it works.
16:07
It has to be decentralized from the very GetGo.
16:10
And again, it doesn't solve the fundamental issue, which I've
16:13
been trying to nail into you guys, as heads is money.
16:17
In corrupted, right? Because humans have been able to
16:20
manipulate the monetary policy. That's been like that.
16:22
For a very long time, the Romans did it?
16:24
We're doing the United States is currently doing it.
16:27
And I think that, I fundamentally believe that is a
16:29
root of all evil, right? Aetherium doesn't fix that
16:32
issue, right? And you see it with that, it's
16:34
going to be decentralized way. It's going to be deflation Airy.
16:39
Even with the best intentions over time, what you'll see is
16:42
that system gets corrupted happened to the Romans, over a
16:45
period of, you know, 200 years. 300 years happened to United
16:48
States over a period of 50 years.
16:51
So Bitcoin fixes this because it doesn't give the ability for
16:56
humans to manipulate it even if they really, really, really
17:00
wanted to just this one time. No, right.
17:05
So yeah, man, I, you know, and these guys, it's like, They're
17:10
doing marketing for Bitcoin but unfortunately not enough people
17:14
value decentralization, they you know, a lot of people's I fell
17:17
into this Trope, right? Which is you get into him to
17:21
cryptocurrency and you know, the one of the first things that you
17:24
do is like, oh look, this this has better Tech this has but
17:27
whatever, but at the end of the day, the thing that matters,
17:30
right? If we do want to separate bunny
17:32
from state is to centralization above all.
17:35
Anyways, Alexander, what are your thoughts?
17:37
I mean I think the more complicated that these protocols
17:40
make themselves the mortise to their detriment, they haven't
17:42
really solved anything. I mean, how is it different than
17:46
actual money that exists? Now it's really not, there's no
17:48
fixed Supply. There's really weak game theory
17:52
in all of these protocols with the exception of Bitcoin.
17:55
So you know I question like why is it needed?
17:58
Maybe some cool like Cartoon cat characters that you can't mint
18:05
anyway because you have to stop using the blockchain because
18:07
it's so congested, right? So yeah, so many engineering
18:10
issues, there's so much awesome. There's so many anyways.
18:14
Phil, what is the last fail? Well, you know what?
18:17
This actually goes on the on the heels of what Alexandra was just
18:20
saying, right? Why do we need this complexity?
18:22
And here is another great example of where complexity just
18:27
turns into it. Just look it adds nothing.
18:31
But problems, and let's dive into it.
18:34
Here we go. How the Juno Network.
18:37
And by the way, we were tagged by several people in this, this
18:39
was toxic at the tagged us and lucky red fish.
18:43
Those are the two that I remember.
18:44
I apologize for anyone that I don't, they'll do it my best.
18:47
Can't remember, everyone. All right, here we go.
18:50
How the Judo Network? Dale?
18:51
Voted to revoke a whale's token. So, just think about the
18:56
decentralisation we were just talking about with each before a
18:58
second ago, right? And now, here we go.
19:01
Is another situation where you've got to fix the network
19:04
and revoke someone's tokens, which instantly means this is
19:08
garbage, this is censorship. Alright, let's dive into it
19:12
here, the proposal 16 asked the community of Juneau token
19:15
holders, whether the wallet of one Community.
19:17
Member should have a large chunk of its token, Holdings removed,
19:20
the reason the address in question, allegedly, gamed a
19:23
recent are draw. So so it found a hole in the
19:26
system and and it used it and it exploited it.
19:29
Yeah, that that means that this Shouldn't have been money.
19:32
Anyways, the address accumulated an exorbitant amount of Juneau
19:35
tokens, which like, almost all defy tokens these days comes
19:39
with voting power. So you know how they're always
19:42
trying, you know, this goes back to what Alexandra was saying
19:44
about, why this additional complexity is not needed.
19:48
You see, you need the base layer to do one thing and it needs to
19:51
do this one thing with the closest possibility to
19:57
certainty. So by not introducing these
19:59
layers of garbage. H into the base layer you can
20:03
you can vary come close to guaranteeing that but you see
20:05
with this nonsense you can't there's always going to be
20:09
another problem. We've shown you guys this in the
20:11
past where they literally introduced patches that
20:14
introduce the next bug that causes the rug pull.
20:16
Anyways, let's continue the risk of not passing this proposal.
20:20
According to the proposer, were a myriad, right?
20:22
Because they want to take away his tokens first.
20:25
There's a single wallet in the ecosystem that already has half
20:29
of the quorum. With that amount of tokens, the
20:32
holder could also, could have also single-handedly wiped out
20:37
the entire decks liquidity in 10 minutes or less.
20:42
Guys, we keep saying it. You are when you're looking,
20:45
when you're providing liquidity to these pools, you are the use
20:48
case for the rug pull. Like this is all it.
20:50
Is that literally, this is what it is.
20:53
Third. The whale had considerable power
20:55
to bribe validators. Maybe maybe you shouldn't put
20:58
governance and voting into the base.
21:02
I don't know. Anyways, finally, the current
21:05
situation created fear in the community.
21:07
These arguments appear to have persuaded much of the Juno
21:10
community on Tuesday. The yes, vote one.
21:13
Oh my gosh. No way one Juno Ambassador,
21:16
wrote a massive thread, describing the entity as a
21:18
ticking time, bomb and worse version of a VC.
21:22
Okay, I can give him that, that is a more centralized crappy
21:25
version of a VC, but they're already pretty bad.
21:27
Okay, fine. Opposing voices, penned thread.
21:31
He's describing the vote as setting a dangerous precedent.
21:34
So the you know the couple of voices are reason in the shit
21:37
coin Community there. They just got drown the fuck
21:39
out. That they're gone, right?
21:41
These people, they're not helping anybody taking money
21:44
away from someone clever enough to grab those tokens via group.
21:48
Vote sounds very anti crypto. So look, this is where the
21:52
wrong. It's it's, it's very anti
21:54
Bitcoin. It is total shit coin.
21:56
Like this is par for the course course with shit coins and
21:58
quote-unquote, crypto, people above all This sits the popular
22:02
crypto ethos no no that code is Law and the blockchain is
22:06
immutable, know the Bitcoin ethos were code is Law and the
22:09
Bitcoin blockchain is immutable. So see the but this is what they
22:12
do with the confusion. Soon as you start meddling with
22:15
the unmodifiable, you turn the coldly efficient computing power
22:19
of blockchain into fallible human Discord and Twitter
22:23
communities. If it's unmodifiable, then you
22:27
shouldn't have been able to modify it.
22:31
I mean that right there you just said it, so clearly, this
22:35
shouldn't have been money. Clearly, this shouldn't have
22:38
been doing governance. And obviously that, you know,
22:42
this shouldn't have allowed an attacker to gain control of 50%
22:46
of the network in one gene, one airdrop.
22:49
So look, this goes back to what we were saying with thethe.
22:51
I mean, look, this is all a circus, we keep showing you one
22:54
circus. After another, we keep telling
22:56
you that when you dump your money in here you are the rug
22:59
pull. Use case, you are providing the
23:01
We did he for them to take. That's what it is, anyways.
23:06
Yeah, bro. Beautifully said, just first of
23:09
all, you know, like I always say the shit corners and their
23:11
names, so juneau's an awesome name.
23:13
So they just take these awesome names.
23:15
They hijack them. And one thing that stood out
23:19
from that thing that you're reading is democracy right?
23:23
Look, I don't think I completely agree with with fatzke the terms
23:27
that, you know, he completely hate.
23:29
I think for governing people, perhaps, too.
23:31
Chakra sees a good system, but I don't know, because I think
23:35
about it, like, what other system you want tyranny?
23:37
Do you want a monarchy? Right?
23:39
I don't think we figured that out as a species but what I can
23:41
tell you though is that Democratic money sucks.
23:45
Okay, this this idea that, you know, you could have voting
23:49
power and that voting power allows you again.
23:51
This is the concept that I talked about earlier that voting
23:53
power allows you to manipulate the monetary policy, right?
23:57
I think that we need to take human beings out of the equation
24:01
completely. Lately, just rely on math,
24:03
right? And that's what Bitcoin does
24:05
take, the mockers take the mob out, right, because
24:08
unfortunately, what we'll see what we, what we've seen in the
24:11
us and what we see in other countries is the Bob takes power
24:15
or votes that political power that political party in.
24:18
And then that political party, F's the other political party,
24:22
right? And it's just it's a disaster.
24:24
For example, Canada when they started freezing account, if
24:26
that is literally Democratic money, that is an example
24:30
Democratic money. Anyways, Alexandra, what are
24:32
your thoughts? Yeah, it's interesting the
24:35
account phrases. I mean that's just so that's so
24:39
criminal and I think that's the definition of criminal for
24:42
freezing accounts based on having an unpopular or the exact
24:47
words used but hovering having differing Viewpoint than the
24:51
official narrative. I mean that's just how is that
24:54
not completely wrong? So yeah, I don't know.
24:59
I don't really know what else to say on that.
25:01
I think the article kind of speaks for itself.
25:03
And you know when it comes to when it comes to power people
25:08
who wish her power and up you know, just abusing in so many
25:13
different ways. There's a quote, absolute power.
25:16
Corrupts. Absolutely!
25:17
And that's so true. I say it all the time.
25:19
So we're in sync, fill and just and just to finish that off and
25:23
to add to that, that quote, right?
25:24
There's another great quote, which is that it's not the
25:29
noblest of people which desires to govern over their Blows.
25:33
So just saying, you know, just saying it was six months sales,
25:40
they were conspiracy theorist, but now I have no shame.
25:44
Anyways, Phil, it's time for the daily meme review, brought to
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you, by Citadel 21. It's the best Bitcoin cultural
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zeenat stories articles Comics by actual bitcoiners.
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Every cover has different artwork by pleb.
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26:08
Alright guys, so you might notice a difference today
26:11
because filled in pick the memes and he's a much better.
26:13
Mean, picker Nico. Picked the memes.
26:15
Let's see how I did shall we? Okay anyways, it's fine bitten.
26:19
Thanks, Phil beating beating Jude Welsh for Bitcoin.
26:22
Why did you just say? Ah, OK.
26:24
Anyways, one of my favorite memes from last spring.
26:27
Still 100% worth it, Neil, all time, high.
26:29
Telling the world's richest man to go fucking The corner.
26:33
Yeah, it's true again. Yeah, this was shot up.
26:38
Been btz sessions. Awesome.
26:41
One of the best Bitcoin YouTube channels.
26:43
Anyways, he gave us. This meme is Roger ver with the
26:47
with the. Where was he from Bermuda?
26:49
And he wanted to get paid in Bitcoin and Bitcoin cat.
26:53
This is a great meme, this speaks for itself.
26:56
Yeah, like I don't know why you'd want to get paid in that.
26:59
I think he's getting paid to get paid in that City.
27:03
But I do Roger is Relentless, I just he just keeps digging
27:07
himself, deeper and deeper, and deeper, anyways car and burning
27:11
more and more Bitcoin. Anyways, Carl be murmuring,
27:14
jerk. They can seize your gold but
27:16
they can't Seize Your Bitcoin. I found the pot.
27:18
Where's the gold converted to bitcoin?
27:22
That's a good one, Whatever. Very clever.
27:25
Next one. Bye dude.
27:27
Dogie Bitcoin fixes this the FED Bitcoin.
27:30
Absolutely Larry's. By the way, these are those
27:32
tombs were recommended by plebs in the telegram.
27:35
Group, shout-out to you guys. Bitcoin is a scam.
27:38
Buy Bitcoin is the future. Bitcoin is a scam, no value if
27:43
he has it that is good. That's from the Jaguar of all Z.
27:46
How many how my Bitcoin? Okay, everyone is moving on next
27:48
one. Bye rally Bitcoin.
27:50
Empowers you It gives people feelings of power money status
27:54
Bitcoin. This is so true.
27:55
Only if you take self custody though because if you don't take
27:59
self custody, it's a false sense of power.
28:01
Anyways, Rasmus, your next task is to keep the lights on with
28:05
three fewer nuclear pants. No gas from Russia and the
28:08
lowest wins in the decade, Germany!
28:10
Ha ha. And this is what you guys get
28:13
for believing that ESG garbage. Anyways, for those awesome.
28:17
Awesome, memes. Phil, I'm going to give it a
28:20
very special score, Of some blue blockers.
28:23
Yeah. What about you feel?
28:27
I remember the blue blocker commercials.
28:29
Those are hilarious. Okay?
28:31
And they actually do work. Interestingly enough, okay?
28:33
I am. I thought those were awesome
28:35
memes and I am going to give it this very cool.
28:40
It's all I have left at this point.
28:41
Everything's packed air Blaster sticker for the people who
28:45
snowboard, you'll know. Air Blaster, very cool.
28:48
You aren't very cool. Anyways, Alexandra, what would
28:51
you give? Memes.
28:52
So I'm hopeful that there's not too much glare.
28:54
I'm going to give this an unconventional one.
28:56
This is an old Air Force photo of my father.
29:00
Wow, very cool. That is awesome.
29:03
Very cool air force. Awesome.
29:05
Very cool. Anyways, guys, we want to know
29:07
if you agree, if you disagree. Let us know down in the comment
29:09
section. And, of course, make sure to
29:11
subscribe to us on alternative video platforms, like,
29:13
Rumble.com, and our personal favorite Bitcoin tv.com.
29:16
They don't censor their because it's Bitcoin TV, and, of course,
29:19
join our telegram group and link us some tank.
29:21
Tank tank Bitcoin memes to review but anyways Phil it's
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All right, so this article is so, Ridiculous guys.
29:52
That this is all I'm going to cover today because literally
29:56
usually what I would do is I'd pull out some highlights and
29:58
I'll be like, oh look, you know, and then me Phil and I would
30:00
comment, but what we'll do is we'll go through the articles.
30:04
I feels not going to be able to contain himself Alexander.
30:07
Looks like he has a, she has a lot more self-control.
30:10
So anyways, this is the stuff that we have speculated about,
30:17
but now they, they're not even hiding it anymore.
30:20
They're literally, Early telling you, right?
30:23
Anyways, the name of the article says the name, El Arco is
30:27
anyways. The world should fear El
30:28
Salvador's bizarre Bitcoin experiment.
30:31
Each new initiative. Like El Salvador's Bitcoin Bond
30:34
could chip away at the Greenback Supremacy.
30:37
Anyways the tax Haven, he's referencing, El Salvador built
30:42
in the shape of a giant coin would be financed with Bitcoin
30:45
bonds bouquet, lay claim to a certain amount of skepticism,
30:48
but the Central American country is poised to launch.
30:50
Its first one Million-dollar so-called volcano bond in the
30:53
coming days. The Finance.
30:55
Minister has said, it will be oversubscribed sovereign debt.
30:58
Issuance is rarely this interesting.
31:01
The actual now it is because Bitcoin, the actual Bond makes
31:04
very little investment sense. Oh, does it really it pays
31:07
interest of 66 cents? I guess has had six percent
31:10
which is much less than a standard Salvadorans Over The
31:13
Sovereign Bond and its investors.
31:15
Get fifty percent of the increase in value of Bitcoin.
31:18
After five years. If you think Bitcoins great, why
31:21
Why not invest directly in the cryptocurrency and get 100% of
31:24
The Upside in the ability to cash out whenever you want
31:27
because we need meat space, right?
31:31
We don't all live in the digital realm, right?
31:33
Anyways but the bond will also allow Salvador which adopted
31:37
Bitcoin as its official currency last year to raise money.
31:40
Check this out, fill. This is where the part where you
31:41
won't be able to contain yourself beyond the prying eyes
31:45
of international institutions, like the IMF, that is a really
31:50
good thing. Ways it's a swerve.
31:53
That is all the more topical given the economic sanctions
31:56
that were imposed on Russia. Following its invasion of
31:59
Ukraine, the West was able to effectively sees the kremlin's
32:04
foreign reserves and hamstring. The country's Banks because of
32:07
the US control over the dollar payment system, remember the
32:11
article that I read black yesterday, we're Biden, did the
32:14
same thing to Afghanistan and now there's hundreds of
32:16
thousands of innocent. Afghani Starving in Cuba, same
32:20
thing that as Well, as same thing now, countries, Russia is
32:24
a country of 100 million people plus.
32:26
So you think those hundred million people are responsible
32:29
for the actions of one bureaucrat one politician?
32:32
You think that's okay. Anyways, in recent years, the US
32:36
has begun to eschew, says he say, I don't that's a weird
32:39
word. It's assumed role as the world's
32:41
policeman and a process that arguably started under Barack
32:44
Obama accelerated under Donald Trump and has been cemented
32:47
under Joe Biden with the withdrawal of troops from
32:49
Afghanistan. But while Uncle Sam has Become
32:52
increasingly reluctant to deploy boots on the ground.
32:54
It still has the mighty Greenback.
32:56
The u.s. dollar is to all intents and purposes, the
32:59
world's currency of choice for now.
33:02
It dominates Global Central Banking, reserves trade, finance
33:05
and bank, to make payments and is used in some 88% of All
33:08
Foreign Exchange transactions. This means that US Treasury can
33:11
conscript foreign Banks to do its bidding on pain of being
33:14
shut out of the dollar clearance system which no lender could
33:18
survive. What is it?
33:21
That Alexander said, absolute power corrupts.
33:24
Absolutely, this has allowed, this has allowed us officials,
33:27
right? Not that us, people select us
33:30
bureaucrats. It's a fashion, a kind of
33:33
All-Seeing Financial. What this guy's vocabulary is
33:36
very interesting. Feel, what the fuck is that
33:39
word, panopticon? I don't even know what that is.
33:41
But sure, with a database of sanctioned individuals and
33:44
firms. That covers almost every nation
33:46
on Earth. Yet concerns have been raised
33:49
that weaponizing the doll. To place punishing sanctions on
33:51
June, 20 economy, such as Russia, will result.
33:54
In other countries looking at ways to operate behind the
33:57
beyond, the purview of the Global Financial system to avoid
34:00
a similar fate. No shit.
34:03
You just expect people to just lay down and take it.
34:05
Like, it doesn't like this article, and I'm going to take
34:09
this from Alex gladstein. This guy's riding from a place
34:12
of financial privilege, right? Cryptocurrencies are 1 or 1
34:17
means to undermine the power of the dollar they allow online.
34:20
It's between two parties without the need for a find a financial
34:23
intermediary. This opens up the possibility of
34:25
financial products and services that are accessible to all and
34:28
controlled by none. But up here, you say that's a
34:30
bad thing. Like it's this is just, this is
34:34
absurdity. Like who is the audience?
34:36
He's writing to, I don't know, but Buck but bucking against the
34:39
dollar Supremacy could come at a cost for you.
34:42
Possibly talks between for the majority of the planet, I would
34:47
say. No, it does not talking be talks
34:49
between bouquet and the IMF. Over an important one,
34:51
billion-dollar loan have stalls after the lender became
34:54
concerned that the adoption of Bitcoin could threaten Financial
34:57
stability. I love how he highlights that
35:00
but he also points in the article that it could undermine
35:03
the IMF. So isn't the IMF incentivized to
35:07
release some statement like this some dots Moody foody's was what
35:13
was Moody's known for feel that you referenced a couple episodes
35:17
ago? They did something in 2008.
35:19
Oh yeah, yeah, they were giving They were giving.
35:22
What is it? The, the parsers bear Stearns.
35:25
Yeah, not just bear Stearns, but Fannie Mae and Freddie Mac,
35:28
right? Which, which ended up getting
35:30
taken back over by the government.
35:32
They were giving them the highest ratings for their, for
35:35
their stocks, right? For invest ability right before
35:37
they all collapsed right before they all collapsed.
35:40
And Moody's is also the firm that Joe Biden reference.
35:44
When he said that the infrastructure bill, which
35:46
didn't pass the Bill back better bill would bring down inflation.
35:50
This is Moody's. So, Moody's has downgraded El,
35:53
Salvador's credit rating and the country's dollar-denominated
35:56
Sovereign. Bonds has been have been dumped
35:58
by International investors now that you know what Moody's is?
36:03
I don't know about you guys, but I'm very bullish that Moody said
36:05
that it all places the Central Bank Country and some slightly
36:09
dubious company. Oh, there are signs that Iran
36:13
has been using complicated workarounds to avoid us
36:16
sanctions and recent year and North Korea has used ransomware
36:19
attacks to steal. So currency in order to fund its
36:22
nuclear program. Again, remember I read you that
36:25
that New York Times article a long time ago.
36:27
Somehow cryptocurrencies are are connected to nuclear programs.
36:32
According to the new end, all of these countries including El
36:35
Salvador were among the 35, which abstained in the recent un
36:38
vote. Condemning the Ukraine Invasion.
36:41
Bouquet is due to visit Moscow, in July, there's very little
36:44
chance of the dollar losing its Crown as the global res.
36:47
A global currency of choice anytime soon.
36:49
I disagree. However, check this out, fill.
36:52
This is really fucking crazy. However, each new initiative
36:55
like El Salvador's Bitcoin Bond could chip away at the Greenback
36:59
Supremacy a little potentially making the world that bit harder
37:03
to police a touch more dangerous.
37:05
Who the fuck are you? Get off your high horse?
37:09
My friend, not my friend that I don't even know what to call
37:12
you. There's so much Pomp and stuff
37:16
in that article. It clearly comes from someone
37:18
who's bet one of the few people. That's benefiting from the Fiat
37:23
Financial system because the majority of the world is not so
37:27
it comes from a place of financial privilege.
37:28
It comes from a place of, I don't give a shit about the
37:31
starving people. The people that get affected by
37:33
sanctions. We want to keep a group of
37:36
unelected bureaucrats in the IMF, the power to keep to use
37:41
his words, not mine, policing the world.
37:47
That's insane. And then he's also talking like
37:50
as if North Korea and Russia and Iran and all these countries
37:53
don't have a right to find another way because you're not
37:58
allowing them to use your way. Like dude, there's so much
38:02
contradiction so much insanity. But guys, the reason I wanted to
38:06
cover that, right? Like I you and the last, the
38:09
articles that I used yesterday, these are all legitimate
38:13
sources. This is a New York Times.
38:14
Financial times. We had USA Today, And this one
38:18
was the telegraph. It's a very famous paper in the
38:21
UK. So these aren't like some crazy
38:23
sites. This is telling you exactly what
38:27
the elite Financial minds are thinking, they're telling you
38:30
what they're thinking. And this also tells me that
38:34
Bitcoin is winning. So I was not aware of how many
38:39
things Bitcoin is responsible for, so just a quick recap,
38:43
right? It's Bitcoin is responsible for
38:46
laundering money for terrorism. It's responsible for racism.
38:50
It's also responsible for protests and the development of
38:54
nuclear weapons. North Korea.
38:56
That's what I was gonna say. I that was the piece.
38:58
I didn't know. Yeah, like men.
39:01
So now we're doing that. So this is, I mean, don't get me
39:05
wrong. I don't know how they're
39:06
supposed to stop this thing because it just does everything,
39:09
and it just does everything better than look.
39:12
No head to chop off and just no metaphorical had to chop off.
39:15
Sorry, not projecting violence. But I'm just saying, there's no,
39:19
there's no metaphorical and to chop off, and it's doing
39:22
everything without needing to be steered.
39:25
And, okay, just to go back to this article.
39:27
I found it incredibly disingenuous and confusing what
39:32
that are. That what that author was doing.
39:34
So because they were introducing all these conflicting ideas and
39:38
really all it did at the end of the day.
39:40
And I think this is completely done on purpose is leave a
39:43
person, leave a person, not knowing and confused.
39:48
So you know what, I may as well just trust the government.
39:52
Yep. Because this is what happens,
39:53
right? Like, like people this goes back
39:55
to something that I've said in the past, with the, you know,
39:56
the whole like like everybody people want a parent figure.
40:01
Okay. Like, not everybody but Majority
40:03
of people like they feel comfortable and that's kind of
40:04
what the state provides this parental figure, you know?
40:07
And like this is kind of what this article does.
40:09
This article leaves, you scared and confused and I just need to
40:14
make sure that some parental figure is going to tell me that
40:17
everything's, all right, and how to make it, okay?
40:20
And that that to me is what that article is meant to do.
40:24
Absolutely dude. It's so honestly, it reads like
40:29
a meme like it reads, it's so ridiculous.
40:31
It's so pompous. Like I can't take it.
40:35
Like you have to take it seriously because this is what
40:38
the elites are reading. They read those types of
40:40
Publications, right? So it's like, this is this is
40:44
what they're smelling like, this is what they're in taking,
40:46
right? But they don't know how to kill
40:48
this thing. They like they're using.
40:50
All the old tropes, all the old narratives and it just won't go
40:52
away. So yeah man, this is this is
40:56
this is a victory but also their I suspect fill that when more
41:05
countries follow Salvador, you think that the media is bad now,
41:10
the Legacy Media is bad now wait till then right?
41:14
So yeah this is, this is very scary stuff.
41:16
But anyways, so just before we go to Alexandra, I just want to
41:19
add wait till more people start talking about sdrs, which is
41:23
Ali. What the IMF uses to indirectly
41:27
control and enslave countries under the guise of financial
41:30
aid? I'm sorry go on to Alexandra.
41:34
Yeah a couple things I wanted to add.
41:36
So bit of a history lesson, we haven't had journalism for a
41:40
really long time. There's a headline.
41:43
We really haven't not objective journalism.
41:46
There was a headline back in the right around when Fox News,
41:48
first came out called the line of thinking, anyway, if it
41:51
bleeds, it leads, and that's right around.
41:54
In the early 90s, when things became a lot more
41:56
sensationalized. And the idea was you have a
41:59
24-hour news cycle of, who's going to watch, what you have to
42:01
make sure you have all these sensationalized stories.
42:03
So if you look at most articles today, you'll see a thesis or a
42:08
narrative within that references Loosely fear uses all sorts of
42:15
concerning Scare Tactics, things like that without really backing
42:19
up, very many sources offer on the odd source so people can say
42:22
oh there's no sources. But it's really few and far
42:25
between, you'll also notice a concerted effort between
42:28
multiple Publications, perhaps under an umbrella company
42:33
spouting exactly the same headline, which is a little
42:35
concerning in itself, so I think the deeper you.
42:38
Look at this, the more you actually look at the data, it
42:41
kind of speaks for itself. Yeah, I agree with you
42:45
completely. Those very, very good points and
42:48
there's a very famous video, which I'll play for you guys,
42:50
which is, this is very dangerous for our democracy.
42:52
And it's like, literally 100 of news anchors and they're
42:56
literally spouting out the exact same line or alarming.
43:00
Some media Outlets publish the same fake stories without
43:04
checking facts. First the sharing of biased and
43:06
false news has come called to comment on social media.
43:18
What? It's not even original thought
43:19
it's literally they're reading off a prompter, right?
43:22
So yeah, and I agree with you, I think that, you know, in the
43:25
u.s. because you know, we have the First Amendment and free
43:27
speech and all that I think we essentially I've convinced
43:31
ourselves. It's like yeah we have
43:33
journalists but I think what the internet has highlighted is the
43:37
fact that these aren't journalists their professional
43:40
narrative creators. I would even go on a limb and I
43:43
would say Worse than what the Soviet Union had.
43:46
Which was the state paper over there was called Pravda which
43:49
means truth in Russian, this is worse because at least over
43:53
there you kind of knew like everyone kind of knew but here
43:56
people don't know. I think that the the internet
43:59
has created this Great Awakening and then in the Great Awakening
44:02
is created like the intellectual dark web and you have
44:06
individuals that are telling the truth or going against the
44:09
narrative and they become very popular because I think people
44:12
have a natural urge like they're looking for that, right?
44:15
So why Jordan Pederson blew up is why Joe Rogan blew up this
44:18
way. All these popular ended up Ben
44:20
Shapiro is why all these independent content creators
44:24
got. So famous so fast, and and it
44:28
was, I think it was a treat from Jack pasaba can die keeps
44:31
reiterating this. I don't think.
44:32
I've said on the show, if social media was around in 2003, I
44:36
don't think we would have invaded Iraq.
44:39
I think people would have waken up.
44:41
So yeah, I agree with you, 100%. But you know, at least these
44:46
people are so pompous that at least they're telling us you
44:48
know, it's like this is whatever.
44:50
So we have a little bit more time than I thought.
44:52
So I'm just going to go through this very quickly.
44:54
I thought this was very interesting.
44:55
I'd love to get your guys, thoughts.
44:57
It's just just a headline. So check this out.
45:00
There's a this from Canada. Phil shout-out did.
45:04
It will donate courses Canadian. I think 20 I'm outnumbered.
45:08
Okay digital content, right? There's two of us.
45:10
Drinking over bill will not take me to go see a moose that's
45:15
fucked up. Doesn't deserve it.
45:17
A high come from Venezuela. I don't see mooses.
45:19
We don't we have monkeys right? We don't have mousses and I said
45:22
Phil go take me to see a moose. He's like nah so this fucked up.
45:26
Anyways this is Alex on on a daily basis just so you know
45:30
okay I do text filler. I do text fill at 1:00 in the
45:33
morning. Sending a moose gifts, that is
45:36
what real fulfill has to deal with any with digital currency
45:39
donations for Freedom Convoy of aiding seizure by authorities.
45:42
So again, A lot of a lot of noise there, but I'll break it
45:46
down. So most of the roughly 1 million
45:50
and known donations raised in digital currency Bitcoin,
45:54
specifically for the freedom Convoy, a piece of appears to
45:57
have invaded evaded seizure by authorities, more than a month,
46:00
after the federal government invoke the emergencies act to
46:02
freeze Convoy assets according to CBC News investigation, do
46:07
you know how powerful that is? That is why they're writing
46:11
articles? Like this, connect the dots,
46:14
Can't stop it. He's special brings fear into
46:18
these people. That's why they write those
46:20
articles. And they, and their usual, their
46:23
usual tool of getting the individual is not accessible to
46:28
them. The fact that you have one of
46:31
the most powerful governments in the world and they can't touch
46:36
the funds. And by the way, it would have
46:37
been way more than a million dollars of jww didn't fuck up.
46:41
Okay, so yeah, yeah, that that is an extremely powerful article
46:48
and I tried to connect it with the with the you know, the
46:50
previous article. So you guys can kind of get an
46:53
idea of what is happening in real time.
46:55
Fill that article, I thought was just hilarious.
46:59
I mean are you kidding me? Like the all the that that piece
47:02
that you read. That's one of the major reasons
47:04
why we Bitcoin doesn't. Everybody deserve to have
47:07
censorship resistant? Money isn't like doesn't that
47:09
make that should make every single person deep inside really
47:13
freaking happy? Yeah, finally, there's something
47:15
that the government cannot touch and they can scream and shout
47:19
and do whatever they want. But at the end of the day I'm
47:22
gonna, you know, the only way they're going to get it is if I
47:24
choose to give it to them, you know, I have to choose to do it.
47:29
It so you know what good for us it's about time.
47:34
Maybe this will start to force what we've been saying all
47:36
along. It's time for the government's
47:38
to learn how to provide value, absolutely Alexandra.
47:42
What are your thoughts? I mean, being a Canadian.
47:46
I almost have to watch what I say, which is pretty scary,
47:49
right? Yeah.
47:51
The emergency ACT, first of all, I mean that broke all of our
47:54
Charters and freedoms. There's a case right now that's
47:57
going on, that's actually litigating against that and
48:00
hopefully it goes forward. But yeah, it's a very dangerous
48:04
precedent, dangerous, dangerous precedent, and what ended up
48:07
happening. Of course, it was walked back
48:09
but a week after it was enacted but interestingly, I was
48:13
traveling down to the It's right around that same time.
48:16
Basically a day after it had been enacted and I was randomly
48:20
selected for additional security measures.
48:23
So I did watch all of my. Yeah.
48:25
And I mean, it was probably just a random thing.
48:27
Just luck of the draw or on luck of the draw unluckiness of the
48:30
draw. But basically I had to watch
48:34
them go through my entire carry-on piece by piece like
48:37
swabbing it for whatever they whatever that thing is and they
48:41
left my luggage completely alone.
48:43
Even though it was also Ariane. But like, I had one backpack,
48:46
but they went through, they went through like makeup bag
48:48
everything like, and it probably took about 30 minutes and you
48:52
know, if I didn't know my rights, I certainly would have
48:54
felt intimidated and afterwards. You know, I was a little bit
48:57
shaken so stuff like that can happen to really anyone the
49:02
moment that there is government overreach, and I think that
49:04
that's, is that a world that we want to continually accept and I
49:09
really don't think it should be. It starts out small, it's one
49:12
isolated group and all of a sudden oh, No.
49:15
Yeah, it's a whole bunch of other people just for having the
49:17
wrong opinion. Exactly.
49:19
And this goes back to the the fail segment where I said look,
49:23
and Democratic money sucks, right?
49:26
Because it's like, you know, with whatever the mob, you know,
49:29
it's like the moms whatever, and you happen to be the contrarian
49:31
party. Now, all of a sudden, your
49:34
political ideas aren't accepted, right?
49:36
So it's just, it's absolutely crazy.
49:39
Bitcoin really does fix this, and we're winning, and it's
49:41
awesome, but that means that they're going to fight harder,
49:44
but Anyways fill it wasn't open source software release today.
49:46
Wanting to everybody about it software releases brought to you
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by Cipher safe. Check them out.
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Cipher safe dot IO, let's face it, you've got to store your
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seed. I've got a store my seed, so
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does Nico, why not store it in the best place the Cipher wheel
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or the all new Cipher grid? They both come with tempers
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distant wire, and the grid comes with a punch tool.
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We've got bisque version 1.0, 8.4 that was released its down.
50:14
Low in the show notes, don't forget to check us out on our
50:17
Audio, Only platforms, Apple podcast, Spotify, and anchor,
50:23
and if you want to stream of some SATs Fountain dot f m--.
50:27
Awesome. Thank you for.
50:28
All right, guys, before we go, and I want to give a very
50:30
special shout-out to our awesome sponsor rap hard represent
50:34
LTD.com Phil and I try to wear a different hoodies every day, and
50:38
you can take advantage of the link down below for 10% off
50:41
anything off the rep. Hard.com store, also want to
50:43
give Very special shout-out to our awesome, guest Alexandra,
50:47
and go give her a follow on. Tweeter, Alexandra, 993.
50:51
She's the founder / host of the ADV Tech podcast and she's a VP
50:56
product of the liquid ql Q WD fintech, really cool stuff.
51:02
And you guys guys, if you enjoyed the show you what to do,
51:04
smash that like button. And of course, if you were to
51:06
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51:07
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51:12
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