Latest / Simply Bitcoin / BITCOIN UNDER MASSIVE COORDINATED SOCIAL ATTACK | EP 484

Transcript

BITCOIN UNDER MASSIVE COORDINATED SOCIAL ATTACK | EP 484 · Simply Bitcoin

0:04
Welcome back, everyone. It is the weekend recap of
0:08
Simply Bitcoin and what a weekend it's been.
0:11
We break down the news. The daily fail mean review,
0:14
software releases Hardware, releases, and the pledge sites
0:19
joining us today, right? The new addition to Simply
0:23
Bitcoin and the co-host of Bitcoin kindergarten I'm talking
0:29
about. Thomas Fields, Optimist, welcome
0:32
back. What's up, Nico?
0:34
Hi guys, I have a better match this week.
0:36
I'll be able to talk so he will not be passing out during his
0:41
segment, okay? All right.
0:43
Let's dive into the numbers. Here we go.
0:45
Number two. Number time, is brought to you
0:47
by not all they make some of the best Bitcoin nodes like the
0:50
famous novel Dojo, it's in red. That means it's faster.
0:54
Run your own version of Bitcoin core and the lightning Network,
0:57
all in the comfort of your own home with.
1:00
The natto remember guys, if you don't use your own node, you're
1:02
trusting someone else's. That's a big No-No for privacy.
1:05
Get yourself a novel today, at the time of this recording, the
1:07
block height is 730 5542. The Bitcoin price 30, 4100 chain
1:13
rewrite day 725, total public lightning capacity.
1:17
It keeps climbing 3763 dot 57 Moscow, time 2933 blocks of the
1:26
having a hundred and four thousand four, hundred fifty
1:28
eight. And the Samurai Whirlpool
1:31
unspent capacity, Samurai Whirlpool is a coiner
1:34
collaborative span that is not a mixing service and the total
1:38
unspent capacity for that pool is 4600 and 994 that that jumped
1:45
over 100 BTC Nico. Since we are almost 100 BTC
1:49
since we last reported it. Absolutely, man.
1:52
Wow, brutal. Brutal weekends.
1:55
That's just how it is. You just got to hottel, take
1:58
advantage of these lower prices. Anyways guys, I want to do a
2:01
follow-up. This is going to be the fourth
2:04
time. We talked about this.
2:06
If you guys have been living under a bridge, the B
2:08
Administration announced a the Bureau of misinformation, right?
2:13
It's going to be, it's going to be a branch of Homeland
2:16
Security, right? And it's absolutely dystopian,
2:20
right? It's the ministry of Truth.
2:21
The government is going to get to decide what is true?
2:24
Or not. Absolutely scary, but it's being
2:28
brought up in Congress. Check out Senator Rand Paul and
2:32
he questioned the viability of a Ministry of Truth by the
2:35
government. Anyways let's check it out.
2:38
Do we have policies? Do we have guardrails?
2:42
Do we have you been? Here's the problem.
2:44
Where we can't even agree. We can't even agree.
2:46
What disinformation is is you can't even agree that it was
2:49
disinformation that the Russians fed information to the steel
2:52
dossier, if you can't agree to that, how we ever going to come
2:55
to an agreement on what is disinformation, so you can
2:57
police it on social media. Thank you, God.
3:00
No idea what just information is and I don't think the
3:03
government's capable of it. Do you know that the greatest
3:05
propagator of disinformation in the history of the world?
3:07
Is the US government. Are you familiar with McNamara?
3:11
The Pentagon papers. Are you familiar with George w--
3:15
Bush and the weapons of mass destruction are, you're familiar
3:18
with Iran-Contra. I mean, think of all the debates
3:22
and disputes we've had over the last 50 years in our country.
3:26
We work them out by debating them.
3:28
We don't work them out by the Government being the arbitrary.
3:31
I don't want your gutter guard rails.
3:32
I want you to have nothing to do with speech.
3:34
You think we can't determine you know, speech, by traffickers is
3:39
disinformation, you think the American people are so stupid?
3:41
They need you to tell them what the truth is.
3:44
You can't even admit with the truth is with the steel dossier.
3:47
I don't trust government to figure out what the truth is.
3:49
The government is largely disseminating disinformation and
3:54
he doesn't even know what the fuck to say, dude.
3:56
Just like look at the look on his face, man.
3:58
And it's actually Absolutely terrifying.
4:01
Now, here's the thing, right? I honestly, remember, before I
4:04
read this post, I was just like these people are maniacal.
4:09
These people are just like, you know, they just, they want to
4:11
tell you the truth, but in my opinion, I was like, dude that's
4:14
impossible. Why is that impossible?
4:16
Like it didn't make sense. But when I read this post, it
4:19
absolutely made sense. It's all about power.
4:23
Check out this 4chan. Post the purpose of propaganda,
4:26
right? Which is what the essentially,
4:28
the ministry of information would do.
4:30
At least in its late-stage form is not to inform you, which
4:33
makes sense because it's so outlandish their claims, right?
4:37
This is misinformation, this isn't whatever that inflation is
4:40
transitory, right? And this post made sense of it.
4:43
All right, so this is the purpose of propaganda at least
4:45
in its late-stage form is not to inform you or deceive you or
4:49
even manipulate you, it's too, huh.
4:51
Millie, who humiliate you? Its purpose is to be so
4:54
outlandish, so ridiculous. And so blatantly untrue, and yet
4:58
totally undeniable in. Order to reinforce the power of
5:02
the state. The Soviets referred to it as
5:04
hyperrealism that is the state of everyone's saying things that
5:08
are completely false and that they know to be false but which
5:12
they cannot deny. The supermarket shelves are
5:14
empty and bread line stretched around the corner.
5:16
But the newspaper report that the years agriculture quotas
5:19
have been exceeded once again. And then everyone is forced to
5:23
repeat this lie and thus, they become complicit in it, it is a
5:26
system of total social humiliation.
5:30
And control. And here's an example, I'm, I
5:31
can't read that because it's part of the virus stuff but
5:35
just, let's talk about other economic issues, right inflation
5:38
is transitory the thing that you're seeing with your own eyes
5:42
is disinformation. It's not real in the last two
5:45
years. I'm pretty sure if you guys
5:47
haven't been living under a bridge, you could think of a
5:49
couple examples of that, absolutely dystopian super
5:53
scary. And that post, really explains
5:55
it man. And look at that.
5:56
Look at that guy's face. Majorca is the head of Of
6:00
Homeland Security. When Ron Paul literally was
6:03
giving him factual examples and he has the hubris to be like it,
6:07
but this time is different. It's, it's absolutely crazy.
6:11
And remember what happens when Central Bank digital currencies
6:15
are implemented, the same type of bureaucrats are going to be
6:18
in charge of that, and you're trying to tell me that they're
6:20
not going to censor the money. We need a political unsensible,
6:24
money on the base layer, so that if people like that, get in
6:28
power, they can't Touch it. Anyways.
6:30
Phil what are your thoughts? It's really interesting point
6:35
about this in the about this information in the late stages
6:39
just being about humiliation because if you really think
6:43
about it, it gets to the point where it may not be the point of
6:46
confusion. But while this information
6:50
humiliates, you it also Rob's people of their confidence,
6:54
right? That Rob's people of their
6:55
confidence and it robs people, I think of, of just being a human,
6:58
right? It it's actually He humanizing.
7:00
And, you know, you're at the point where it's exactly, you
7:04
gave a great example with with the transitory inflation.
7:07
Like you you honestly you start to just believe that the
7:12
government thinks that you're just an idiot, you know like an
7:15
is this real and it's exactly what it is.
7:17
It becomes hyper realism and I'm very afraid that in the last two
7:22
years. Like you said, like we are
7:23
starting to reach the beginning of that Peak.
7:27
Okay? Like I think some things that We
7:30
that people don't realize is that you know when when things
7:32
happen right? They happen in waves but as that
7:35
wave is building up there's a pendulum sway, okay?
7:38
And as that pendulum sways, it continues upwards, right?
7:42
So it goes down a little bit but not as low as it was before and
7:45
then it picks back up even higher.
7:47
And what this has to do with is it has to do with the pickup in
7:51
misinformation in this hyperrealism, okay?
7:55
And so maybe right now, you know, we kind of hit a trough
7:58
where it's like, it's coming. Back down but just wait it start
8:01
its building back up again and I honestly think that it's only
8:05
going to get worse because really people look people in
8:08
their everyday lives. Think of what we just went
8:09
through for the last two years. Do you think people have the the
8:12
average person that we have the capacity to Wade through all of
8:16
this information? Figure out what's true?
8:18
What isn't? I mean, everybody's just trying
8:20
to figure out how they're going to put their lives together and
8:23
how to get back to their families and how to you know
8:27
pretend like the last two years didn't just robbed.
8:29
Them of everything, right? Like it's, anyways, this is
8:32
scary stuff and good for Rand Paul, right?
8:35
At least somebody is saying what other people are thinking.
8:37
Yeah. At least we know that it's not
8:39
all hyper realism in politics, right there?
8:43
At least there's some sound like, you know, saying people
8:46
laugh, but it's absolutely terrifying Optimist.
8:49
You're an optimist. Are you optimistic about this?
8:51
I mean, I am optimistic in general.
8:55
But man, that that quote, about hyperrealism in and Russia.
9:00
I don't know that really hit me because I've been having that
9:03
same feeling recently the past cut, like six months to a year.
9:06
It's like man like how is it that only bitcoiners understand
9:10
what's going on and then we get gas lit and we see the media and
9:13
everyone's against us and it's like wow this does all seem
9:17
extremely funny. It's all fugazi.
9:20
And it's like you were talking and it just I keep hearing the
9:23
Big Brother quote, like they keep the party told you to, you
9:27
know, forget what you see with your eyes and your ears.
9:29
Ears and believe the party line. And I feel we are at that point
9:34
right now because a lot of people in normal and are not
9:37
living in reality and you can obviously tell that they're, you
9:41
know, feeding the party line, you know, through and through
9:44
there, listening to the media, they're completely brainwashed.
9:46
And they will believe anything that the authority figures, tell
9:50
them and it's really terrifying. But, you know, this is why we do
9:55
the show. This is why we do everything on
9:57
Twitter is to fight The Narrative.
9:59
So Bullish on bitcoiners and Bitcoin.
10:02
Obviously we fight the narrative with facts with sources, right?
10:06
And they just they even if they get caught they Gaslight us.
10:09
And now we know why it's not so much to debunk what we're
10:13
saying. It's just to show that the state
10:16
controls it. This is the state's official
10:18
narrative. This is the state's power and
10:21
you have to believe it, you know, it's just opiate.
10:24
I can't believe we're living through a time like this but
10:27
anyways Phil it's time for the daily face.
10:29
Dale brought to you by Swan Bitcoin.
10:32
Check them out Swan Bitcoin.com the easiest way to dollar cost
10:37
average into Bitcoin. That's right.
10:40
It's the best way to build your stack.
10:43
Automated Bitcoin, savings plan and an app to come.
10:46
The link is down below. California startup is offering a
10:49
cocoon like, pods to allow 14 residents to share a single
10:53
house as an escape from soaring rents and real estate prices.
10:56
That's right folks, instead of figuring out how to It's the
11:00
broken money and how to actually make everybody's lives better
11:04
for longer looking forward into the Future.
11:07
Let's just crammed everyone into smaller spaces.
11:10
Let's let's just have everybody let's just have everybody living
11:13
through the revolution of Lowered Expectations and and
11:16
cheering right? Like cheering while we go into
11:18
it. Any thoughts on this?
11:21
Yeah. Remember they even tell you dude
11:24
they want you to eat bugs. Live in a paw, do nothing and be
11:27
happy. And this is exactly what's
11:28
playing out and You have a way to opt out of it, and that's
11:32
called Bitcoin which is why they attack it.
11:33
The way they do, this is absolutely terrifying.
11:36
I don't know who even in my early early to a Mite late
11:40
teens. Early 20s I would not want to
11:42
live in a pot of it's a bunch of strangers row that looks so
11:46
comfortable and cozy if I had it to myself if I had it to myself
11:50
maybe so what happened? That little box to yourself
11:54
right there look you can see it. So do you just hear a few people
11:57
fart and stuff at night? Like it's so crazy.
11:59
Easy dude it's minimal and Chic Nico.
12:02
Come on Whittington and style. What if you have your partner
12:06
over for the day? They what what happens when you
12:08
listen, listen, when you're living for everyone, there's no
12:11
Partners, there's no Partners they in pods like this.
12:18
Something else happens. It's called a struggle snuggle,
12:20
okay? That's what happens in this
12:22
thing anyways. Alright, moving on nobody wants
12:26
to leave this world lights. What we want?
12:27
Jail jail, at least you got a A cell makes you're gonna toilet.
12:32
I heard this is awful. Okay.
12:34
Anyways, moving on, nobody wants the Pod life where opting out of
12:37
the world economic forum and their master plan.
12:39
We want nothing to do with this. Let's move on from this horrible
12:42
stuff. No weekend, a failure.
12:44
Let's dive into it. Boomhauer PRC 4626 could fuel
12:50
the next wave of shit. Coining and rug pulls.
12:54
If I hit my giant frickin glasses into the mic, one more
12:57
time, I'm gonna freak out. Here we go.
13:01
I don't know why all of a sudden I have the mic in this other
13:03
position. I don't know what's going wrong.
13:04
Okay. It doesn't matter.
13:06
Let's dive into this. Here we go, right?
13:08
The ERC 46:26. What am I talking about the next
13:12
wave of defy? Here we go, people hold on to
13:14
your hats. That's right.
13:15
We haven't had enough with the rug pools.
13:16
We haven't had enough with the with the nft S.
13:19
That's where you're buying a hash that are going nowhere that
13:21
we already destroyed several you know several times.
13:24
Here we go the next wave since the explosion of decentralized
13:28
Finance in Mar 20 2016 9 sep 2014 19 murders user deposit
13:35
funds to a platform such as the lending protocol compound and
13:39
get rewarded with a share of the profits as their deposits are
13:43
loaned out. Doesn't that sound amazing
13:46
compound was read seven million dollars.
13:50
Okay sounds great right decentralized Finance but yet
13:53
somehow this centralized platform got rug pulled and 147
13:57
million dollars disappeared. Okay let's move on.
14:00
You'll farming was less attractive to individual users
14:02
without significant capital or knowledge of the concept, which
14:05
led to the introduction of yield.
14:07
Aggregators sets of smart contracts.
14:10
That pool user funds and optimize yields.
14:14
These quickly became known as vaults.
14:17
Now we're going to just go right back to the wrecked leaderboard.
14:20
I did something for everyone I added up.
14:22
Okay, I added up all of these projects on the wrecked
14:26
leaderboard. Okay, there's 89 projects.
14:28
We are talking. Over 3.4 billion dollars of rug
14:35
pulse. Okay, just think think about
14:38
that. So, when you think about the
14:39
word vaults, I just don't picture 3.4 billion dollars of
14:44
rug pulls in these vaults. Anyways, these vaults lacked
14:46
implementation, standards off. That's the problem, which led to
14:49
multiple complexities yield aggregators.
14:52
Vault lending markets and Native yield tokens were always
14:56
implemented with slight variations.
14:58
It was difficult to build apps on top of the vaults and it
15:02
created the potential for security vulnerabilities scale.
15:07
Is also limited. So, this is the problem.
15:09
Guys, we had an issue. We released it.
15:11
Anyways. You all got rug for over 3.4
15:14
billion dollars, we're sorry. But look, we've got this new
15:19
thing, this thing is gonna fix it.
15:21
We're going to patch this up, okay?
15:24
So and aetherium proposal created on December 22nd led by
15:30
FEI protocol founder. Json Taro set out to change that
15:35
enter It's 46:26. Now why is it important that the
15:40
person that led the FBI protocol, put in this proposal
15:43
that's going to fix this problem.
15:47
This is why it's important, because I'm scrolling, I'm
15:52
scrolling. That's right.
15:53
We're going up on the board because they are number 10 on
15:58
the leaderboard for 80 million dollars in Rod pulse.
16:02
And here we go. April 30th 2022.
16:06
We are aware of an exploit on various rare, refuse pools, we
16:09
have identified the root cause and passed all borrowing to
16:12
mitigate further damage to the exploiter please accept a 10
16:15
million dollar Bounty and no questions asked if you return
16:18
the remaining user funds. Now let's go back to the
16:22
etherium Improvement protocol that this person who their own
16:26
project got rug pulled is putting forth.
16:30
While the proposals main goal was to establish robust
16:33
implementation. Standards for the vaults, 80
16:36
million dollar rug pull it. Also outlined the potential
16:38
security implementing implications of Vault, lacking a
16:42
specific standard. So the person who got rugs is
16:45
going to put in the standards establishing standardized
16:48
vaults, open up new possibilities for
16:51
interoperability between different protocols and we go
16:54
back right here. Again one more time guys 3.4
16:58
billion dollars of rug poles. So this new proposal that's
17:03
going to introduce these vaults, this special mechanism that's
17:07
going to fix the vaults. I'm pretty sure we're going to
17:09
be reporting on it in the next three to six months.
17:12
Once people start to roll crap out on this thing and they start
17:15
to get rug pulled, don't be fooled, okay?
17:18
This is going to be this is going to be the new thing very
17:21
much like the old thing. Anyways, Nico dude, I just like
17:27
they just have to keep coming up with more stuff.
17:30
It's like the ERC 20 tokens on. Oh, we need the 4626 now even
17:36
though it's gotten rug pulled already, it's like you could
17:39
trust us now. Dude, it's just a bunch of dog
17:42
shit we've seen this over and over and over and over again.
17:46
And hopefully some of you guys watching because I see it in the
17:49
comments all the time, right? We got a question the other day.
17:52
Hey, Show. So are you should only buy
17:55
Bitcoin? Yes.
17:57
Yes. Everything else is centralize
17:59
everything else. You depend on a human being to
18:02
play by the rules, right? So don't depend on a human being
18:05
don't trust. Anybody, get yourself some
18:07
Bitcoin taken into self. Custody problem solved.
18:10
Optimus, what are your thoughts? Well, I am literally in shock
18:15
right now at how much money has been lost in drug.
18:17
Pulls three billion dollars. That's absolutely amazing.
18:21
And also just Horrible to consider that.
18:25
That money could have been used way better on bitcoin, but hey,
18:28
I'm not here to nitpick and guys, I just was reminded of the
18:34
classic vitalic, medium of. Okay, guys, can you just stop
18:37
trading please. And then, of course, them trying
18:40
to bribe the hacker to give the money back like, hey, you can
18:44
have some of the money. We'll just just will give us
18:46
give us some money back, guys. It's it's a shit show guide.
18:50
It's amazing. It's just just think of the
18:52
irony though. Okay?
18:53
Sorry, Nico just quickly, just think of the irony the the
18:56
person who started another project that got rug pulled put
19:00
together an improvement protocol to make vaults safer when when
19:08
literally and just a just add it's actually three point.
19:11
Six six eight billion dollars of run almost four years.
19:17
It's absolutely crazy. And the really sad part about
19:21
this guy's is that it gives Bitcoin a bad name because for
19:25
anyone who's not initiated into this, right?
19:28
It gives fuel to the European Central Bank.
19:31
It gives fuel to the the the fat fuck the financial action task
19:37
for it gives fuel to the politicians like Elizabeth
19:40
Warren in the United States. That are saying cryptos too
19:44
risky. Yeah, the right crypto is a
19:46
scam. Bitcoin is not but they don't
19:50
they combine the two, right? So it just gives Point a bad
19:54
name and more importantly they attack Bitcoin right?
19:58
It's just a scam man stay away from it.
20:01
If you're a beginning, it's really hard.
20:03
Not to like you know, dip your coil dip your toes in the shit
20:07
coronary. But when you get rekt, you
20:09
remember me cofilin? Optimus anyway, so it's time for
20:12
the daily meme, review brought to you, by Citadel 21.
20:15
It's the best. Bitcoin cultural scene is
20:17
stories articles Comics, by actual bitcoiners.
20:20
Every volume has different artwork.
20:23
This is artwork. Work for volume 10 and this is
20:25
artwork for volume 11 and they're scarce is only 1000
20:28
copies made per volume. Get your prints of Citadel 21
20:31
today before they run out. All right, everybody.
20:35
Phil I've been here I know you've been here Optimus you've
20:38
probably been here guys in this. Thank God.
20:41
Phil told me this right? Most bitcoiners I've talked to
20:46
started and shit coin. There's nothing wrong with that,
20:48
right? Because you don't know any
20:50
better, but if you still been in shit coins, After a couple of
20:54
years, what's that saying? Shame on me first the same on
20:58
you first time, second time, shame on you and shame on me.
21:01
Yeah, you get it. Anyways, no shame.
21:04
We've all been there, when you're, when you first discover
21:07
altcoins, I want to know who the bitcoiners.
21:10
Are that skip that, right? It's very rare that most shit
21:15
most bitcoiners start there. Okay.
21:17
Anyways, next one, bye. BTC Padre.
21:20
Hope you have more liquidity and on plebs 34k.
21:23
Yeah, cash is King. Cash is King with the dips, man.
21:27
All right, here we go. Solomon Ultra, get your Bitcoin
21:30
into self custody. Absolutely new bitcoiners one
21:33
hour before their coins. Often exchange repeat.
21:36
After me, I am who I am my own bank.
21:38
I will think like a bank. Two weeks later.
21:41
I told you I'm the baddest bank. That's great.
21:43
That's a great mean Solomon. Writes got out to you, buddy.
21:46
All right, next one. Bye.
21:47
Matt, James. What is my purpose?
21:49
I exchange you for SATs. Oh my God.
21:53
All right, we're going on by a shout-out Walton Bitcoin is
21:57
Kenny. Oh my God, they killed Bitcoin.
21:59
You bastards. This is amazing.
22:02
I don't get it. Are you okay?
22:04
So so hold on. So for South because he doesn't
22:06
care, he dies, you die. Dude, that's a that's a great
22:11
one dude. That's amazing.
22:13
Yeah. Forgive me for not understanding
22:14
South Park, Lord, but I remembered it, I remember.
22:16
I was like, oh, that's right, cause it's just not a Timeless.
22:18
You know what I mean? Like you have to understand the
22:20
South Park lore, so yeah, I get it.
22:22
You shit. Fish here is Roger psychopath,
22:25
definitely a Bitcoin. ER, V Kenzie and Friday, a meme
22:29
a week until the clown is dead, Kenzie and economics.
22:33
The idea that an entity that produces nothing can boost
22:36
production. It's true, man, it's crazy.
22:38
It's like let's print more money that will solve all issues.
22:41
Its absolute clown world. You could save yourself a
22:43
Bitcoin, awesome memes. And for that, I'm going to give
22:47
it a new speaker that I got. But check this out.
22:50
Look how addicting the sound is when you turn it on?
23:00
All right. What would you give those memes?
23:03
Phil, I like that. I like that kind of wanted to
23:06
hear it again. Okay.
23:07
Anyways, you know me. All I've got left are stickers
23:10
here? Alright, so here we go II.
23:13
Don't know what Booth. I got this from but this honey
23:17
badger Bitcoin sticker. Cool honey badger, dude.
23:24
Anyways, Optimus what would you give those memes?
23:27
All right, shout out to that. Rick and Morty.
23:30
One about the dollars, only point of existence is to be
23:35
exchanged in the SATs that that's a that's a banger for
23:39
today's mean review score, I have this hot pink, 3D printed
23:45
Spectre case that I was gifted at Miami Conference by Richard.
23:51
His Twitter is, what is it surface?
23:53
Plasma shout out to you bro. I still haven't made it yet but
23:57
it will get made soon enough. Awesome scores, man.
24:01
All right we came through on the on the Monday.
24:04
Show The Weekend Edition or the Sunday edition?
24:06
I don't know. Anyways guys, we want to know if
24:08
you agree with our scores, you disagree, let us know down in
24:10
the comment section. Comment, comment comment.
24:12
Make sure to subscribe to us on alternative video platforms,
24:15
like Rumble.com, and Bitcoin tv.com.
24:17
That I'm sensor there because it's Bitcoin TV and make sure to
24:20
join our Awesome. Telegram group.
24:22
It's a party. You can link us some tank tank.
24:23
Tank beams to review the second group.
24:26
So try it right now. Anyways Phil it's time for the
24:28
Daily News brought to you by crypto.
24:31
Cloaks.com they make Vite best 3D printed Bitcoin merch like
24:35
the famous 3D printed Bitcoin, grenade toy.
24:38
Also comes in different colors, like in gold.
24:41
And you get the famous 3D printed Bitcoin, honey, badger.
24:44
And you can take advantage of the promo code down below to get
24:46
5% off. Anything off the crypto coax.com
24:50
online store, all right? Eyes.
24:51
Like we've been saying we've been making the case.
24:53
There is a Bitcoin is getting political it is political now
25:00
there's two sides, right? You have some Congress men and
25:04
women supporting it, you have some congressmen and women
25:07
against it, right? And it's just really interesting
25:09
how this is playing out. Anyways, I thought this was
25:12
insane, the fact that a senator or was was again saying that she
25:18
owns Bitcoin right as she holds it for retirement and check out
25:21
all the other things that she has to say as well.
25:24
She mentions how the u.s. government printing money hurt,
25:28
American citizens. That's that's the same.
25:31
Anyways let's check it out. I encourage people to buy and
25:34
hold, I encourage them to say Bitcoin for their retirement for
25:38
their future. And that's because as the
25:41
Congress spends trillions and trillions of dollars and is
25:47
flooding our economy on the world economy with US dollars.
25:51
There's no way that we cannot debase the value of US Dollars
25:57
and lemmas practices what she preaches.
25:59
She's an investor in Bitcoin as well.
26:02
I buy Bitcoin and I hold Bitcoin, you buy the coin?
26:05
Oh yeah, you have Bitcoin. I do how much the coins you
26:08
have. Well, I only have I think five
26:10
Bitcoin so only five Bitcoin but she bought them in 2013 for
26:15
about three hundred dollars each.
26:16
So she can now add a couple of zeros to that number and Wyoming
26:20
is in the process setting of setting up its own crypto
26:22
banking system. That llamas hopes will become a
26:25
model. I encourage people.
26:27
So right, you have Senator lummis, saying, yes, I encourage
26:31
people to buy it for Retirement because the US government is
26:33
debasing the currency. But you have some Senators that
26:36
are completely against that check out this Wall Street
26:39
Journal article. Senator Elizabeth Warren, we've
26:42
heard her name a couple times questions Fidelity's plan to but
26:46
Bitcoin in 401ks. Right, let's check out a little
26:49
bit of the article. I'm just going to read a bit
26:51
Senator. Elizabeth Warren of
26:52
Massachusetts and Tina Smith of Minnesota.
26:54
So two senators raise questions about a plan by Fedele's
26:57
Investments to let investors put Bitcoin in their 401ks and a
27:01
letter to the company's chief executive arguing that crypto
27:04
might be too risky and asset for retirement Savers.
27:09
And this is why I said the bit that I said about shit coins if
27:14
they keep combining shit coins with Bitcoin because Fidelity
27:19
didn't advocate for should coins Fidelity, advocating for Bitcoin
27:23
and 401ks. But here you have the the the
27:26
article saying it's crypto, it's not crypto, right?
27:30
Anyways, let's see. Let's hear what?
27:32
Some thought leaders in Bitcoin had to say about this, right?
27:35
We had James lavish on the other day so I could take all my cash
27:39
head down to the Bellagio and bet it all on black, no
27:41
questions. But if I want to allocate a few
27:44
percent of my 401k to bitcoin, Senator Warren, suddenly has a
27:48
problem. Here's Michael sailor.
27:51
If we believe in Freedom and property rights, we should let
27:53
adults make their own choices rather than tell them what to
27:57
think and how they should invest their money.
27:59
So Again, and we've been we've caught.
28:04
We saw a Smoking Gun in Europe when there is that leak about
28:07
European politicians are openly being hostile towards Bitcoin
28:11
and you know, supporting should coin like a theorem because the
28:15
proof of stake and proof of sake of which they control.
28:17
It makes me believe that Elizabeth Warren.
28:20
Perhaps, she's not being sincere, perhaps it's not about,
28:24
you know, worrying about people's retirements.
28:26
Perhaps it's about more so if people put their money into
28:30
Bitcoin, They take that orange pill.
28:32
Usually, when you take the orange pill, you start to wake.
28:35
Usually, when you're houghtaling Bitcoin, you start to wake up to
28:38
the money printing scam, right? So I don't know.
28:40
Matt that again. There's no, there's no concrete
28:44
evidence with Elizabeth Warren, it's just looking awfully
28:47
suspicious and I think it's absolutely maniacal in a country
28:50
like the United States for the government to tell you, hey, you
28:54
can't do this with the money that you earned.
28:59
And you spent your time and your energy on.
29:02
WE the government are telling you that you can't and cannot do
29:06
this with your retirement money. It's absolutely insane to me.
29:11
Right? So yeah, I think that's a signal
29:13
right there. I think the government feels
29:15
like they own you like that's what it tells me, right?
29:17
It's like you, it's your money why?
29:20
It's Bitcoin isn't hurting anybody.
29:22
It's not a drug. It's not a narcotic, it's not
29:24
anything crazy. It's not hurting anybody so the
29:28
government still doesn't want you.
29:29
By it's like when FDR made gold illegal like it's so crazy to
29:33
me. Anyways Phil what are your
29:34
thoughts? Yeah.
29:37
So couple a couple of points that that interview with Cynthia
29:41
lummis. Like so first of all, she docks
29:42
their Holdings, which is awful, but I mean okay like I'm not
29:47
blaming her for it but to me, the point of that is if you if
29:51
you zoom out and you take a look, what it really says, is
29:54
the the corporate owned media still sees it as a joke and they
29:58
see it as a collectible. And how many are you holding?
30:01
Why don't you tell me what you have in your bank account and
30:03
let's go through what your, you know what your credit score is?
30:06
All that good stuff, right? Like nobody does that.
30:08
So it's just again, it goes to show the perception that, you
30:13
know, these that particular reporter was at least seeing it
30:17
to me. Anyways, like a joke, okay?
30:19
Or at least that the corporate owned media sees it like a joke
30:22
so you know they're treating it like a collectible and that's
30:25
kind of crappy. Now, let's dive into let's dive
30:28
into Senator Warren's comments about Fidelity, right?
30:33
So Fidelity started looking into Bitcoin in Seventeen.
30:37
Okay, they started allowing they started wanting a day did a
30:40
small program to see which of their customers would be willing
30:43
to essentially make it so that they could manage their Bitcoin
30:46
Holdings on Fidelity. So let's take that into
30:50
consideration. They have over 40 million
30:52
customers, okay? They manage retirement accounts
30:54
for over 23,000 businesses. And you're going to tell me that
30:59
this flash-in-the-pan person that just shows up and is like I
31:03
think Fidelity should really look this over again.
31:07
Really you think Fidelity has no idea what they're doing or
31:11
really does this have absolutely nothing to do with Fidelity and
31:17
it has everything to do with hampering as much as you can the
31:22
adoption of Bitcoin. Because again, right?
31:25
Don't forget. She's one of those.
31:28
You know, she's one of those people that loves the money
31:30
printing, right? All of the problems get solved.
31:33
As long as we continue to print the money, And as a result, her
31:38
incentives along with other people that are incentivized
31:41
with the money, printer are incentivized against Bitcoin.
31:45
So you know what? I just think it's complete
31:48
bullshit. It draws attention to Fidelity
31:51
in a negative way for no apparent reason, when they've
31:54
probably been doing the most, like some of the most due
31:56
diligence. I mean, come on, back in 2017.
31:58
You're looking at five years already, you know?
32:01
And It's just again, it's I think it's, I feel like it's a
32:05
straw man argument on her part. You know, it really is
32:11
absolutely Optimus Optimus fields.
32:13
Are you optimistic about this? Well, I mean, Elizabeth Warren's
32:18
a joke and the nanny state is an even bigger joke.
32:23
And honestly like it, I'd try not to get mad anymore, but it's
32:28
pretty offensive for people like Elizabeth Warren to be out here.
32:33
Basically calling us all dumb because we don't know what we're
32:36
doing and that big many government knows better.
32:39
Like, she knows what's best for us and, you know, you should
32:42
just listen to her opinion because she is obviously more
32:47
informed than you guys are on the situation.
32:49
But this just shows me. There's they're scared guys.
32:52
They're absolutely terrified and they need to spend the narrative
32:55
in a way that the normies will latch onto like they pedal fear.
32:59
And that's just the game guys they're actors and And they're
33:03
just trying to trying to find the right line, so that it blows
33:07
up, and they could get a scene and divert attention.
33:09
So, 100 bucks, 100 percent of what Optimus at Phil, go ahead.
33:14
Sorry, just quickly, I wanted to say, never forget, it's always
33:17
under the guise of taking care of the little person.
33:21
Where were these people, when in 2000 and in the 2008 mortgage
33:25
crisis, right? All of these, they knew that
33:28
these mortgages were terrible. They knew that they that these
33:31
people could not afford them and Yet they package them, they
33:34
resold them, they let people put their retirements into them,
33:37
never forget that. Okay, absolutely, absolutely
33:41
feel. And and I remember reading this
33:45
somewhere and it just struck a chord with me, like gold is a
33:48
natural enemy of the welfare state.
33:51
So is Bitcoin and Bitcoin is a much bigger enemy to the welfare
33:54
state, and their eyes than gold. But anyways, check this out,
33:58
Bitcoin was attacked twice this week.
34:01
It was a historical week. We are absolutely winning.
34:05
They would not be attacking Bitcoin.
34:08
If it wasn't a threat, the flag is heaviest over the Target and
34:12
it was seed signer that said that when he came on the show I
34:14
loved it. Anyways, check out this original
34:16
thought European Central Bank and the IMF, both attack Bitcoin
34:20
this week. We are winning.
34:22
Let's let's check it out. So the Central African Republic
34:27
adopted Bitcoin and this was a strongly worded letter by the
34:31
French African. In colonial, Central Bank sent
34:35
to the Central African Republic. President a letter.
34:37
Stating its Bitcoin. Adoption will have a significant
34:40
negative impact on the colonial Frank system, like who the f are
34:45
these people? A sovereign country passes a law
34:49
and can't have that but it wasn't only the Central African
34:54
Republic. The the French African Colonial
34:56
Bank, their friends at the IMF also said the same thing Bitcoin
35:01
adoption by Central African Republic.
35:02
A CERN IMF sets but it's not only that we also have.
35:07
Again, I told you to things right Bitcoins under attack by
35:11
the IMF and I forgot the other one and the set and the European
35:15
Central Bank. Let's check out the European
35:17
Central Bank tweet crypto assets such as Bitcoin have an enormous
35:21
ecological footprint if they're estimated energy consumption is
35:25
comparable to that of some countries, right?
35:27
So they can't beat it, they can't compete with it.
35:30
So they have to rely on Attacks. Now, here's the signal guys that
35:34
I want you guys to pay attention to is the language, right crypto
35:39
assets such as Bitcoin have an enormous ecological footprint.
35:42
There are their estimated energy consumption is comparable to
35:45
that of some countries authorities across the world
35:48
need to see how this affects their sustainable Finance
35:52
roadmaps. And I remember, I want you guys
35:54
to remember that language here, is this awesome, not awesome.
35:57
But here's this piece that that Phil Roe covered in the last
36:01
episode about the world. Genomic forum and their thoughts
36:05
on cryptocurrency, right? The social governments and
36:08
environmental impact of cryptocurrencies.
36:11
Encompass, both new opportunities and challenge a
36:14
new accelerator dedicated to shaping the future of crypto
36:17
enabled, environmental, social and government's efforts aims to
36:20
bring key players and Industry leaders together to shape, a
36:23
more inclusive future, but it's not only the world economic
36:28
Forum, it's not only the European Central Bank.
36:31
It's also the New York. State, right?
36:33
They are Banning proof of work. They already did it for two
36:37
years because you guessed it environmental concerns.
36:41
And I think this is the scariest part guys, right?
36:43
In this was announced last week by the administration on Lisa's
36:48
new Department of Justice environmental justice police
36:53
here that and environmental justice police.
36:57
It's always about environmental justice same language by the wef
37:01
similar language. By the European Central Bank and
37:04
what do they all have in common? They hate Bitcoin.
37:07
Now, is it too crazy to think that Biden's new ministry of
37:12
truth and the environmental. Justice police aren't going to
37:16
use their police Powers too. Go after Bitcoin miners because
37:21
their danger to the environment and inclusivity hasn't happened
37:26
yet. But honestly, after I've
37:28
witnessed the shit after the last two years, it would not
37:31
surprise me. But at the end of the day, guys,
37:33
this means Bitcoin is winning. They would not be doing this.
37:38
They would not, they would not be resorting to the heavy hand
37:42
of government and the social attacks, if Bitcoin did not put
37:46
the fear of God into them. And the reason is because
37:49
Bitcoin allows people to opt out of their monetary policy and
37:54
that absolutely freaks them out, right?
37:57
Anyways. Phil, what are your thoughts on
37:59
this? You know what?
38:01
It's so funny. Then we're being attacked by so
38:03
many different organizations. We can't even keep up anymore.
38:06
Okay. And and there's sweet.
38:07
Can't we call Simply Bitcoin? Can we cover it all?
38:11
We're getting confused because there's so many of them know but
38:14
it's just I mean it's just insane.
38:16
The ESG police look. Me tell you something, when a
38:20
government knows that it's wrong, okay, about doing
38:24
something. But they absolutely need to do
38:27
it in order to maintain power, they create a policing
38:31
Organization for it. Okay.
38:33
Anyways, I'm not going to get into, I'm not going to get into
38:36
politics or anything like that of other countries.
38:38
But I can tell you, this has happened in other countries
38:41
where political parties feel fear and they like, you know
38:44
what, let's create a police that will enforce what we want.
38:48
And that way the votes In our Direction.
38:50
Anyways, what you have to remember about what you have to
38:54
remember about these, the money spigot maximalists, right?
38:58
And and, and the politicians that are.
39:01
So, their power is in creating these agencies and then,
39:05
conferring this status, that is above the law to these agencies.
39:11
Okay? So who is this ESG, please, who
39:14
voted for this? Like, you pay taxes, who voted
39:17
for this? You didn't vote for this.
39:20
They just decided that you needed to have this.
39:22
Like you don't know any better. You're too stupid to
39:25
disseminate. We are too stupid to disseminate
39:27
information. We're going to create an ESG
39:29
police and you're going to follow the rules, right?
39:32
And again this fucking terrifying dude, it's rules for
39:35
the not for me again, like this is and just think about it.
39:38
Like people just sit there like bobbleheads and go.
39:40
Okay, yeah, really check this out fill.
39:44
Just add to her Point. Ilan texted 27 minutes ago in
39:48
the time of the recording. If I Died under mysterious
39:50
circumstances, it's been nice knowing what Ministry of Truth
39:57
environmental justice beliefs World economic Forum, European
40:01
Central Bank and they all have one thing in common.
40:03
They hate Bitcoin hyperrealism. Uh-huh.
40:08
You were say what you were saying at the beginning.
40:10
Dude, it's all ties in, it's all ties in.
40:12
Anyways, Optimist. What are your closing?
40:13
Thoughts my friend man. It's hard.
40:17
Not to get bullish on these. These It's when you just got all
40:22
this bullish signal coming at you because if all these people
40:24
are this afraid and they're attacking Bitcoin like Nico and
40:28
filler saying it's cuz we're winning guys, like these people
40:32
are fundamentally enemies of humanity like they don't want
40:36
you to succeed guys. Like they want you back in the
40:39
stone age's you know like fundamentally tell me energy
40:43
usage bad and then we can go from this to like you know these
40:47
people literally You wiped off the planet like you are the
40:51
carbon they want to eliminate. So guys, come on man, you can't
40:56
fall for these narratives. This is this is crazy talk.
40:59
There's no way to confirm that, right?
41:01
That we are the carpet but it sure fucking feels like it.
41:06
Sure, feels like it. After all this stuff, man, it's
41:09
dystopian. But it's cool.
41:11
Opt out and get yourself, some Bitcoin and run your own note,
41:15
like in the bottle and takes off custody, very important takes
41:17
off custody, or its Your bike, fake Bitcoin?
41:20
Yeah. Anyway, so it's time for.
41:22
No, it's not. There was an open source off
41:23
early today. What is everybody about it
41:26
software releases? Brought to you by Cipher safe?
41:30
Check them out. Seifer safe dot IO.
41:33
The best place the most secure place to store your Bitcoin seed
41:38
store it in the Cipher wheel or the all new Cipher grid.
41:41
They both come with a tamper-resistant wire but the
41:44
grid comes with a punch tool. We've got Nick's Bitcoin version
41:49
Dodd's 0.70. That was released its Down Below
41:53
in the show notes, guys, don't forget to check us out.
41:56
On our Audio. Only platforms Apple podcasts
41:59
Spotify and anchor. If you want a stream of SATs
42:02
Fountain dot f m. You can stream the SATs through
42:05
Breeze. Awesome.
42:07
Thank you for. All right guys, before we go
42:08
when I give a very special shout-out to her awesome.
42:11
Clothing sponsor, represent LTD.com still has the new
42:16
Bitcoin merch. I have the camo and they're
42:19
Going out with, not only more Bitcoin merch, but also simply
42:22
Bitcoin Merchants as well. We'll keep you guys posted.
42:25
You can take advantage of the promo, code down below to get
42:28
10% off. Anything off the represent
42:30
LTD.com store. I also want to give you some
42:32
very special shout-out, to the new member of Simply Bitcoin.
42:37
The toxic the amazing at my live in truth.
42:40
Optimus feels. That's right.
42:42
He is the host of Bitcoin kindergarten.
42:45
It's every Wednesday at 9 p.m. Eastern Standard Time.
42:48
It's the best Club hang out on bitcoin Twitter.
42:51
Anyways guys, that was our show if you enjoyed the sun know what
42:53
to do. Smash It smash it and of course
42:56
you want to continue hearing the Bitcoin used from The Plea blood
42:59
perspective in the catastrophic. Fails definitely consider
43:02
subscribing to Simply Bitcoin. And we'll see the next one,
43:04
guys. I'm quoting are awesome.
43:06
Guest Optimist. We are the carbon.
43:09
They want to eliminate supposedly.