Latest / Simply Bitcoin / Bitcoin Has Powerful Central Banker Running Scared | EP 512

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Bitcoin Has Powerful Central Banker Running Scared | EP 512 · Simply Bitcoin

0:04
All right. Everyone, welcome to Simply
0:05
Bitcoin. We break down the news.
0:07
The daily fail me review, software releases Hardware
0:11
releases and the pleb sites. We've got two very special
0:16
guests fellow bitcoiners live from pork fest in New Hampshire.
0:21
That's right. We've got Patrick the motorists,
0:24
and we've got Surfer gym, guys. Thank you so much for joining us
0:29
on the show. Show.
0:30
Hey, what's going on Nico and Phil?
0:32
Hello from, from the crazy New Hampshire up in the White
0:35
Mountains and Surfer. Jim literally just pulled up
0:38
five minutes ago, if that maybe two minutes ago and he just ran
0:41
down here. So, sir for Jim say, what's up?
0:44
What's up, guys? A good talking to you guys, you
0:47
guys do a great podcast, I listen all the time.
0:50
Great seeing you guys in Miami and Vegas and thanks for having
0:54
us on again. Thank you so much.
0:56
This is awesome and totally unexpected.
0:59
Anyways this is Okay, Nico. You know the deal were diving
1:02
into the numbers. Let's do it.
1:03
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At the time of this recording, the block head is 740 1768, the
1:31
Bitcoin price, 20 thousand, eight hundred eighty chain
1:35
rewrite. 756 total public lightning capacity 3900 27.3
1:42
BTC. Moscow time 47 eighty nine
1:46
blocks to the having 98,000 232 and the samurai Whirlpool
1:51
unspent capacity, Samurai Whirlpool is a coin or
1:55
collaborative spend. It is not a mixing service and
1:59
the unspent capacity for that pool is 4718.
2:06
Dot 0, 0, B TC. Now, before we move on Nico,
2:10
before we move on to the rest of the numbers.
2:13
We had a question from fellow Bitcoin or why do we keep saying
2:17
why do we keep saying Samurai? Whirlpool is a collaborative
2:21
spend and not a mixing service. Why does this matter?
2:26
Okay, so shout out to you Frito. He's asking, why is it important
2:30
that Whirlpool service is collaborative?
2:31
Spend and not a mixing service? Thank you.
2:34
So here we go. Let's dive into what people were
2:37
saying about it. So Elsie gave a really good
2:41
answer. Mixing is a custodial service,
2:44
okay? Used to be called mixers
2:46
tumblers back in the day, people would all send their corn to one
2:49
person or entity and they would redistribute it.
2:53
So simply put, right, the key of a collaborative spend is that
2:59
there's no centralized service, okay?
3:02
It is that we are all collaborating, okay?
3:05
We are all Cooperating to essentially spend or move the
3:10
Bitcoin, or the UT EXO's together.
3:13
Whereas a mixing service is a centralized entity where we
3:18
quote on quote would send our Bitcoin to okay.
3:23
And then that centralized service would then perform a
3:26
function and then what comes out the other side is obfuscated or
3:33
another way of saying it masked. All right.
3:36
So and one is illegal and one is not that's right.
3:40
The other piece mixing service because it's sent to a
3:44
centralized party and they could be considered a money
3:47
transmitter by the laws. Right?
3:49
Whereas in a collaborative coin join right is a bunch of people
3:55
putting their transactions together.
3:56
Right there is no Central entity so I think it's a big difference
4:00
anyways. Covering a little bit of clown
4:02
world and I know that Jim is going to have a hot take on
4:05
this. First of all, before I get into
4:08
this, you guys know the deal. We are a political on simply
4:11
Bitcoin, we don't lean left or right and the traditional Fiat
4:14
parties. We both believe that they do the
4:16
same thing. They print a whole lot of money,
4:19
whether it's Democrats or Republicans.
4:21
So that being said, this is the level of gas lighting.
4:25
And for our audio listeners, shout out to everyone listening
4:29
on spaces and on the podcast, stay for after the show because
4:32
we're going to do a live Q&A on Twitter, on Twitter spaces.
4:35
But Anyways, this is the new press secretary for the White
4:39
House. After Jen psaki step down, her
4:41
name is Kareem Jean-Pierre and check this out, right?
4:46
And this is why I make the argument that the government
4:51
when it comes to the effects of money Printing and what the
4:54
effects of money, printing our own Society.
4:57
They just Gaslight you. They totally Gaslight you.
5:00
The incentives are not aligned. Anyways, let's check out what
5:03
she has to say. The residents have left.
5:06
Week that there's no inevitability around a
5:08
recession, but there is a greater deal of Market concerned
5:12
about exactly that and I know that inflation is your number
5:16
one concern. But can you talk a little bit
5:18
about if you're doing anything at all to prevent a recession or
5:22
a rise in unemployment? So the way that we see this and
5:25
you've heard us talk about this that we're in a moment of
5:27
transition. We have, we have seen, we are in
5:31
a unique situation with our with the historical gains with our
5:36
Economy, the way that we see it as unemployment rate has held
5:40
steady at 3.6 which is also near historic lows business
5:45
investment remains strong household.
5:47
Balance sheets, remain strong. There was an analysis that came
5:51
out recently that showed middle-class Americans had an
5:53
additional 10,000 dollars in savings.
5:57
Then before the pandemic, another analysis found that all
6:01
income groups had higher checking account, balances at
6:05
the end of March They had pre-pandemic.
6:08
So we see that the strengths that we are economic stress.
6:11
Again, that that's just pure gas lighting, everyone's poor.
6:14
We all know that life has gotten significantly more expensive.
6:18
And now the question was tailored in a way where it's
6:21
like what are you guys doing about inflation?
6:24
Right? And she's kind of deflecting a
6:25
little bit but if you really want to know how they feel,
6:29
there's always a Freudian slip. And that's exactly what happened
6:33
today. This is a Biden press
6:34
conference. And let's check out what he had
6:37
to say. Remember, let's see how they
6:40
feel about inflation each this year.
6:43
We do need more money but we don't just need more money for
6:47
seeds for children. Eventually we need more money to
6:50
fan for the second pandemic. There's going to be another
6:52
pandemic. We have to think ahead and
6:55
that's not something the last outfit, did very well.
6:58
That's something we've been doing for fairly well, that's
7:00
why we need the money so they're already trying to find another
7:05
way. A the print more money because
7:08
they need more money and look, and honestly, you can't blame
7:12
them like after at the end of the day, they're human beings,
7:15
right? And if you're a government
7:17
official and you've been addicted to this money printer.
7:20
And a Jim puts this so well, so I can't wait to pass it on to
7:23
him. You've been addicted to this
7:25
money printer. And all these rules that been
7:27
have been bestowed to you. Obviously, you're going to act
7:31
in certain ways, right? These people have been used to
7:34
this Godlike power of printing money that we all have to work
7:38
for. And when you ask them questions
7:41
about what the effects of that are you heard it from the press
7:45
secretary themselves herself? They completely Gaslight you.
7:50
You're actually wealthier than you were last year.
7:53
Little class Americans are wealthier than they were last
7:55
year. That's a lie.
7:57
We know that inflation hurts the lower and middle classes, the
8:00
mouth. Most because they don't have the
8:02
wealth to save inequities in real estate that If it from
8:06
asset inflation and remember you, this isn't the first time
8:10
they've got slate you before. Because when the inflation first
8:12
started happening and the Legacy Media, totally, just get gas
8:17
late. You bitcoiners were only one of
8:19
the few people on the internet that were like, inflation is
8:22
coming. They're printing a record amount
8:24
of money. And the entire time they were
8:26
telling you, there's going to be no inflation.
8:29
It was going to be temporary, it was going to be the supply
8:32
chains, but never then they address the root of the problem.
8:36
The root of the problem is the fact that they're printing a
8:39
record amount of money. And when you ask them about it
8:43
they literally tell you. That's not happening.
8:46
Absolutely. Anyways.
8:50
Sorry it's to go ahead Jim and then they say that the inflation
8:54
is good. That it's happening.
8:55
It's actually not bad first. I'd say it's not happening, then
8:57
they say it's good. But one thing that I want to
8:59
say, before I pass it on to Jim is that a lot of the steps that
9:02
press secretary was saying, they may be true in a literal sense.
9:06
But that doesn't necessarily mean we're not going into
9:08
recession. A lot of times if households are
9:10
anticipating recession, they may be actually increasing their
9:13
balance sheet, they may want to have more cash on and then maybe
9:16
selling, you know, other assets to have more liquid cash.
9:19
So just because the balance sheet is going up in terms of
9:21
checking accounts that doesn't necessarily mean there's not a
9:23
recession happening, you may be that people are seeing a
9:26
recession happening in any be anticipating it happening.
9:28
But yeah, Jim, what's your take on everything?
9:30
You just heard even if what Patrick says is true, there is
9:35
millions. Ins of people that are totally
9:37
suffering and it's getting worse, daily price of gas going
9:41
up, you know everything that's tied to it.
9:43
Of course the elites don't feel it because they got plenty of
9:46
money and they get to print it. As Nico said, I find it
9:50
hilarious. How Biden is letting everybody
9:54
know what the plan is. By telling us is another
9:57
pandemic. I think they're not supposed to
9:59
say that out loud, but, you know, the whole system's work,
10:03
we all know if they control them.
10:06
He creates all this the fact that they get to print as much
10:09
as they want, and the fact that the media doesn't hold anybody
10:12
accountable for it, that lady, just straight-up lie about what
10:16
was going on in for most of the people in.
10:19
Like Patrick said, yeah, you might be able to pick out some
10:22
stats on where that actually match what you said, but its
10:25
total gaslighting. It's a joke.
10:27
You know, the good thing is we got the internet.
10:29
We got folks, like you to do simply Bitcoin getting the word
10:32
out more and more, and more people are here in it.
10:35
We got to have that Dozen or more people sitting here
10:37
listening to you guys live, listen to us.
10:39
Give some feedback and more and more people are seeing it, you
10:43
know, and we just got to keep keep pushing the message out
10:48
that the system's broken its broken because they control the
10:50
money. Bitcoin can help fix it, if not
10:53
eliminate almost all the problems and you know it's a
10:57
clown world out there at least you get to laugh at him.
10:59
But point it would be nice if the media held them accountable
11:02
that's for damn sure. Absolutely.
11:04
And you actually made a really good point.
11:06
In about the internet Jim and they're freaking out because of
11:09
it. That's why you you see all the
11:11
censorship, right? Because it goes against the
11:14
official Party Line before the internet, we didn't have the
11:18
ability to communicate with each other on a mass scale.
11:22
So, you were forced to, to your only source of official news was
11:29
Legacy institutions, right? Whether that's the Legacy Media,
11:32
Fox News, CNN, New York Times, all that stuff.
11:36
If and that was very easy to capture by the government, so it
11:39
was all talking points. Remember these same so-called
11:42
journalists were the same people that sold you that Iraq had
11:46
weapons of mass destruction. I really believe that if social
11:50
media was a thing back in 2003, I don't think the the us would
11:54
have gone to war, right? Because a lot of that BS would
11:57
have been exposed anyways. Phil what are your thoughts
11:59
before we move on to the news? So, going to what Jim said, they
12:04
absolutely said the silent Joe Biden.
12:07
Absolutely said, the silent part out loud, which was absolutely,
12:10
which was totally hilarious. I don't understand how that just
12:13
happens, and it's just to be honest.
12:15
It's really embarrassing. Again, we are a political on
12:19
this, I don't really care, you know, what party anybody stands
12:21
for, but that's supposed to be our leader.
12:24
This is the leader of the Free World, and it's just it's just
12:26
kind of embarrassing. The last piece of it is, is this
12:30
right for the last Years. The last two, fourth of July's.
12:34
They've been trying to convince us that our money isn't worth
12:38
less than it is right. Last year they were telling us
12:41
to substitute the the beef for like beans and corn and some
12:46
kind of salad or something. I don't even know what it was.
12:48
And then the year before that they were trying to convince us
12:50
of something else. So the corporate owned media is
12:53
pushing this narrative that somehow right, our lives aren't
12:58
actually getting worse. We just need or things aren't
13:01
really getting more expensive. Massive.
13:03
We just need to look at them a little differently or try
13:06
something new but then you have this person coming on and simply
13:11
just ignoring the fact that the corporate owned media was doing
13:15
this for the last couple of years and simply saying, no,
13:18
what are you talking about? Everyone's got more money,
13:21
everyone's everyone's got more in their bank accounts.
13:24
Everyone's got more to spend, everyone's got less death, like
13:28
our, are you living in the same freaking world as the rest of
13:31
us? Have you not been going to buy
13:34
groceries? Have you not been going to put
13:37
gas in your car? I mean this is insane stuff.
13:40
Like you, you're barely filling up one bag of groceries and it
13:43
could be costing. You like 80 bucks because all of
13:46
a sudden, a box of cereal is like $12 like what is that shit?
13:50
You know, like that. That's not.
13:52
So, I mean, I'm exaggerating with the 12 bucks depending on
13:54
where you are in the country. But I definitely saw a box of
13:56
cereal for nine dollars. Yeah, it's anyways, it's
14:00
absolutely crazy. And yeah, just to it wasn't like
14:03
a king size box. We just dragging.
14:05
This is regular back, this way cup size box, the effects of
14:08
inflation and I just want to emphasize, like, voting doesn't
14:11
fix this, right? This is a, this is an issue with
14:13
the money, regardless of who's in power.
14:16
They're going to Gaslight you too, because they just, they're
14:18
just concerned more concerned about keeping power than, you
14:21
know, serving people. Right.
14:23
The incentives are totally misalign because they're
14:25
incentivized to lie. They're incentivized to say
14:27
whatever it takes in order to print more money.
14:30
That's what their incentive is, right?
14:33
Bill, that's making people think they're crazy.
14:35
Not not the people giving the messenger crazy.
14:37
We know they suck and we know they're lying.
14:40
But the average person I think, at some point, right?
14:43
Some people will start to think that they're losing their
14:46
freakin Minds like it. What am I doing wrong?
14:49
Well right. And that's that's what they
14:51
want. I think that that's kind of what
14:52
they want. They want you to sit there and
14:54
decide to take personal responsibility over something
14:57
that is not your actual doing and the government's doing but
15:02
you Are drinking too many lattes and you're wasting too much
15:05
money and you're doing something wrong with your life that you
15:09
need to fix. Because it's not our money
15:11
printing know. And that's exactly why you go
15:15
ahead, Patrick. Sorry.
15:17
Any time anybody has control of the money printer, they are
15:19
incentivized to print it out. Even if they promise not to
15:22
print it, even they will do it at some point.
15:24
It just a matter of when and which is why we use Bitcoin
15:27
because there's nobody in control of money for him, which
15:28
is why, why should coins, you know, I have have one person in
15:33
charge of it, so there's even even if the person who started
15:35
the shit going says, they'll never you know, you know,
15:38
increase the money flow, but if you can never trust a because at
15:41
some point, they or someone else's the future, who has
15:43
control of that spigot is going to actually take advantage of it
15:45
and print it out. You have something that Jim I
15:48
think if we vote harder, we can get what we want.
15:51
Hahaha? No, and it's actually to go back
15:56
to what Phil, you were saying they divide and conquer, right?
16:01
They literally People on these social issues, 90% of social
16:05
issues would literally go away. If you fix the money, right?
16:08
It's only a small percentage of social issues that would relate,
16:12
that would maintain that they would, that would keep being
16:15
contentious. But the majority of issues is
16:17
because people are feeling it in their paychecks and then the the
16:21
parties say, oh no, it's the other guy, it's the Democrats
16:24
know, it's the Republicans and then it's divide and conquer and
16:28
it just confuses you to what it distracts from, what the A
16:32
problem is but anyways Phil it's time for bed Daily News brought
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17:11
So today I'm going to talk about something that we talk a lot
17:16
about in Bitcoin, right? The better flag Theory, this
17:19
concept that Bitcoin and Bitcoins properties.
17:24
Give you the ability to not only vote with your wallet, but also
17:30
your feet and I went--both Went to that.
17:33
I went to this awesome Twitter accounts, it's called quotes
17:38
Sovereign and It quotes quotes quotes from the book that's
17:42
mandatory reading for all bitcoiners called the sovereign
17:45
individual. And I think that it's
17:49
appropriate to read some of these quotes before I get into
17:52
the second part. Because the second part is
17:55
actually something that Phil and I have been predicting, but the
17:58
only reason that we've been predicting that and the reason
18:02
that we Addicted. It correctly.
18:03
It's not because we have phds or master's degree or anything,
18:07
it's that we applied the logic that the sovereign individual
18:10
uses and we just applied that to the world because of what
18:14
Bitcoin gives the individual, the ability to.
18:17
I don't know if that makes sense.
18:18
Anyways, let me read this first quote.
18:21
It says, the real issue is control.
18:23
The internet is to widespread to be easily dominated by any
18:26
single government by creating a seamless global economic zone
18:31
anti Sovereign. And And unregulated able the
18:33
Internet calls into question, the very idea of a nation state,
18:37
moving on to the next quote, in the new world of commercialized
18:40
sovereignty, people will choose their jurisdictions, much as
18:44
many now choose their insurance carriers or their religions.
18:48
Now let me give you a real world example, of something that
18:51
happened recently. And again, let me give you a
18:56
definition of the better flag Theory, just in case I use that.
18:59
Put it simply put, simply flag theories, that, The that you
19:03
should go where you're treated best and remember in the Fiat
19:06
world, it was very difficult to get up and go, right.
19:09
It's very hard to do transnational bank transfer,
19:13
especially if it's a big amount of money, not to mention the
19:15
fees and how expensive would be with Bitcoin.
19:19
If you're in a sticky situation, you could memorize 12 or 24
19:23
words, you can cross a border is going to be very difficult for
19:27
the Customs officers to stop you.
19:30
So anyways, this happen, And and we were actually very excited
19:33
when this happened. This happened this year.
19:35
March, 26, 2022, ExxonMobil began mining Bitcoin and North
19:40
Dakota, and what they use is what we've been talking about.
19:44
We called this before it happened when you extract
19:48
natural gas, sometimes that that area or that, that that site is
19:53
so isolated from from energy sources that, that what they do
19:58
with the activate, what they do is that they burned the excess
20:01
gas into the atmosphere, Here and because that energy source
20:04
was so isolated. That was the most economical
20:07
thing to do but with Bitcoin mining.
20:10
Now all of a sudden that excess gas has value.
20:13
What we called was we said when we when we saw this news coming
20:18
out of the United States and coming out of the one of the
20:20
biggest largest natural gas companies in the world, we
20:23
called that this was going to become a global event.
20:27
Why? Because the profit incentive of
20:29
Bitcoin. Now, remember those quotes, That
20:32
I read in the beginning, about the sovereign individual about
20:35
how the internet was going to call into question, the idea of
20:39
the nation-state, how the nation state functions, right?
20:42
So this was a sanction by the US government, and it was a
20:46
sanction against specifically, the Russian crypto mining host,
20:50
bit River. Bit River was the Hoster for
20:54
Compass mining. Remember when Compass minding
20:56
their their mining operations and Russia were shut down.
20:59
Well, the Hoster was bit River and the you Sanctioned a
21:02
sanctioned that company and you would say, hey wow, they're in
21:05
big trouble. They can't receive dollars with
21:08
the US government really did. Is that the, it's sanctioned US
21:11
citizens out of that, but because of Bitcoin and how
21:14
Bitcoin Works, bit Rivers going to continue operating
21:18
unaffected. And if you don't believe me,
21:21
check out this news that just came out the Russian company gas
21:24
prom, which is the one of the largest natural gas companies in
21:27
Europe. It's a Russian company.
21:30
Let's check out what what, what they're Doing according to a
21:33
press statement from gas, prom data centers, bit River will
21:37
receive energy the company intends to boost mining capacity
21:41
to 2 gigawatts as a result the Russian Corporation.
21:43
Gas prom has agreed to supply energy from flare gas, a
21:47
byproduct of oil production to The Mining Company.
21:51
B River the corporation hopes to lower, its carbon footprint by
21:56
doing so. So as you can see, even with the
21:59
US government doing their thing, Still have right?
22:03
Completely isolated from the traditional Financial system
22:06
Financial world. You still have the Russians
22:09
mining Bitcoin with their natural gas, right?
22:12
So it goes back to what I was saying before.
22:14
It doesn't before it mattered, where you were, what your
22:18
location was. But in a world of Bitcoin,
22:21
you're going to go where you're treated best 8D, the location
22:24
doesn't matter anymore, and this completely change the power
22:29
dynamics between the state individually.
22:32
And the individual. And I think that's a really good
22:35
real-world example of that, right?
22:37
It doesn't matter that the US has all these sanctions against,
22:41
you know, this Russian Bitcoin or crypto Mining Company to
22:45
them. It doesn't matter.
22:46
They're always gonna go to where they're stranded energy because
22:49
then they'll be able to bind Bitcoin and this is just
22:52
happening in Russia. Now, I guarantee you because
22:55
there's a lot of Natural Resources in Africa.
22:58
You're going to start hearing news in the next Couple of years
23:02
of natural gas producers in Africa, mining Bitcoin.
23:08
Why? Because of the profit incentive
23:09
and it's not going to matter where that location is.
23:13
And it's not going to matter where the company that's
23:16
facilitating is from, or where the individual is.
23:20
From what matters is, where is that stranded energy, how can I
23:24
go to it? And Bitcoin is going to enable
23:26
enable those individuals to go wherever they want to go without
23:31
the fear of of any type of censorship from their
23:34
governments. And I think that this is going
23:36
to really call into question How nation states are going to
23:44
operate because the whole idea of sanctions gets kind of
23:47
flipped on its head, it doesn't make sense anymore in a Bitcoin
23:51
world, right? So anyways, I feel like there's
23:53
going to be a contentious issue. Moving forward.
23:56
I would love to get your guys, thoughts.
23:58
Patrick and Jim Yeah, sure thing.
24:01
So you touched on a couple of things there Niko first of all
24:04
the flare gas that you're talking about.
24:06
When we are going to friend of ours, Denver big one has been
24:08
talking about that for like a year and a half and he's been
24:11
saying that he eventually energy companies themselves will
24:15
directly start to use this stuff and apparently it's been
24:18
happening for a while and the other thing is that when you're
24:22
talking about when if you talk to someone who tells you that
24:24
Bitcoin mining is bad for the environment, they're either
24:27
misleading you or they have been misled themselves.
24:30
The Reason why people want to stop Bitcoin.
24:33
Mining is because it's borderless.
24:34
That's the reason why I say don't have the control.
24:36
So so you know, that's, that's basically the main.
24:40
So they're trying to use the fact that they say it's bad for
24:43
the environment to stop Bitcoin mining.
24:45
But it's actually not, it's actually good.
24:46
Great for the environment. Bitcoin will save the
24:49
environment. Jim.
24:50
What are your thoughts? Yeah, you guys touched on most
24:53
of the stuff that we hear about and talk about within the
24:56
Bitcoin space, that that we're aware of the most of the world
24:59
is not aware of Of to say that Bitcoin mining is bad for the
25:03
environment is the biggest joke, because it's very easy to look
25:06
at the incentive of cleaning up. Your natural gas, well, by
25:12
burning that natural gas through a generator versus even flaring
25:17
it and certainly versus venting it, it's way cleaner.
25:21
And now you make electricity, which would have never been
25:24
made, but also would have never been able to be sold as natural
25:28
gas, so, it has zero value. Do you see electricity?
25:31
Running a computer, it turns it into Bitcoin, all of a sudden,
25:34
something that was going to pollute.
25:35
The environment is producing profits for an oil company when
25:39
they never could have seen it as every energy producer in the
25:43
world, recognizes that their excess capacity, they all have
25:47
excess capacity because of the way the grid Works, they always
25:50
have that more than what's needed and what's extra gets
25:53
wasted every day. If people only knew now every
25:57
energy producer can turn on Bitcoin mining Equipment and
26:01
monetize that wasted energy and turn it into profit.
26:05
It cleans. The environment gives them an
26:07
incentive and as Patrick alluded to it takes in this case think
26:12
about who makes the money governments governments and the
26:15
people they talk to and control the central bank's all then they
26:18
get to make the money what you're going to see is that
26:21
energy produces a going to be the money makers of the future.
26:25
Now anybody can do it but they have the best infrastructure
26:27
because they already produce electricity more.
26:30
They need, we can go and buy it from them once.
26:33
They realize they sell it to themselves, essentially just use
26:36
it instead of selling to us, they're going to turn on those -
26:38
instead of giving us that cheap electricity or other people.
26:42
So, little by little over time, the good part is they can never
26:46
be in control our joy of a large enough portion of the Bitcoin.
26:49
Because most of it's already been issued before they ever got
26:52
a clue. So they may be in charge of the
26:56
both of the rest of the issuance, but as a percentage of
27:00
The overall Network, it will never be a very large percent.
27:03
It might be valuable. It might have a lot of
27:06
purchasing power but it won't be a lot of satoshi's versus what's
27:09
already been issued to regular folks.
27:11
Luckily, I believe that this is all talk topic but I believe
27:16
that the waist, oh she did it. The people who got the first
27:19
Bitcoins for the ones who were most ideologically aligned.
27:21
With the reason it was even there because it had essentially
27:25
no value or very little value and the people that kept alive
27:28
with people that had hoped Would be the world's money.
27:31
And so those people, those ideologically aligned people
27:35
have the largest percentage of Bitcoin.
27:37
Not the people are just trying to make Fiat profits off of it
27:41
or people who see it as a way to control somebody or something.
27:44
And I just think that's going to play out well for Bitcoin.
27:47
So, as the energy Market takes control over a large portion of
27:51
the future, issuance of Bitcoin. I don't think it will have a
27:54
large effect on who controls the most amount of Bitcoin within a
27:59
network. Or whether that would ever play
28:01
out in a negative way, the way some people control money.
28:04
Now I hope that wasn't too much but yeah, that's how I see it
28:07
makes perfect sense. That wasn't that.
28:11
Wasn't, that wasn't too much. Damn, that was a perfect man.
28:13
Thank you for that. Thank you for the gym, wisdom.
28:15
By the way, I want to give a shout out to Jim because for I'm
28:20
not going to completely docks. For my birthday has around my
28:22
birthday. I said, I'm turning 30 soon.
28:25
What happens now, and Jim sent me this beautiful message that I
28:29
saved. And he said, you, you finished
28:33
your first life. You're now starting your second.
28:35
It was, it was so wise. Thank you, Jim.
28:37
I really appreciate that. And I will never forget it.
28:39
Um, Is Phil. What are your thoughts?
28:42
Go ahead, wait, hold on real quick.
28:44
I just want to touch on something because I wanted to
28:46
say the Shirley, can you guys see the Hat?
28:48
I'm wearing in the in the shot? Yeah, you would leg Theory.
28:52
And we both know, we have a very good friend of ours, Katie the
28:56
Russian who owns plan Plan, B, passports, which is what this
28:59
hat is from and her and Jessica are helping people.
29:05
Become sovereign citizens, Sovereign, World, sovereign,
29:07
individual sigh, helping them get Ships and passports in
29:11
various other countries where you can do that.
29:13
That will be a thing. I think she's on The Cutting
29:16
Edge of a giant industry of people that are going to want to
29:19
be able to move when the regime under which they live, turned
29:23
sour, and they got to go find a better place to live.
29:25
Shout out to Katie Jessica. Yeah, I absolutely agree.
29:28
I think that you know how there's the right now, what you
29:32
see in the United States is you see a lot of people coming in to
29:35
United States, right? They're crossing the border,
29:37
they're seeking a better opportunity.
29:39
I predict that in the Future, what you're going to see is
29:43
refugees from the United States specifically Bitcoin refugees.
29:47
Because again, the the internet made a locations, think about
29:52
it. Most people work remote.
29:53
Right? So yeah, I agree.
29:55
I think it's going to be a huge industry and shout out to KC KT.
29:58
She's awesome. Anyways, Phil, what are your
30:00
thoughts? Yeah.
30:01
So when it comes to, you know, when it comes to what we're
30:04
seeing here, I'm just going to use some general terminology,
30:08
okay? I'm going to say this, The
30:09
Architects. Of centralization, understand
30:13
and they've understood the way that the world is moving.
30:16
And they've understood. They've seen the writing on the
30:18
wall that this method, that, that is being used, is
30:23
irrelevant and is becoming irrelevant.
30:25
Like, if you think for a second like that, the bankers don't
30:28
think that, you know, the word that the world can survive
30:31
without them, they understand that it can, that's why they
30:33
understand why they need to keep their moat going.
30:35
So, we have these kind of, I'm going to make it as simple as I
30:38
can. These two camps.
30:40
We've got the one global economic zone, which is
30:44
discussed in the sovereign individual, okay?
30:46
Which is more or less governed by flag Theory, whoever, you
30:49
know, whoever serves me, best is where I'm gonna go versus the
30:52
One World Government. Right now, the One World
30:56
Government is going to be made up of these, you know, the
31:00
banking institutions, the imf's, the Davos, the WAAF, the wef
31:05
type creatures, all of these things.
31:08
Now they're not all necessarily buddies but but they're all in
31:11
the same type of competition at the same level.
31:14
So essentially I believe what these architects of
31:17
centralization or the One World Government people.
31:20
They've been essentially trying to beat all the rest of the
31:23
world to the punch, right? Because if they understand where
31:27
we're moving, they're like, well, wait a second, if we can,
31:30
if we can get everybody into thinking that one world
31:33
government, is this one global economic zone, then we win.
31:40
And everybody just stays in The Matrix, right?
31:42
Then we all keep playing the game but Bitcoin just totally
31:46
threw a wrench in that and made it possible for us to have the
31:50
one global economic zone which is going to be more governed in
31:56
the sense by flag Theory. So it's not really a government,
31:59
right? Its rules without rulers.
32:01
Well, it's Market forces but it's Market forces for
32:04
governments which is and I don't think they've had.
32:06
I don't think they're used to that competition and you see and
32:09
feel Going to get into this, which is perfect.
32:13
You've never seen Dave, they're not used to it, right?
32:15
They kind of short circuit, right?
32:17
When you have Christine Lagarde or Powell or Janet Yellen, like
32:22
reacting to bitcoin, they don't know what to do because their
32:25
usual method of killing the competition is government
32:29
coercion. But as we know because Bitcoin
32:32
is decentralized, they don't know, they don't know, they
32:34
don't know who to they don't, they don't know who the CEO is
32:37
so they can't put him in prison because there Is no CEO Nico
32:41
except yellow nose to see you. By the way, yellow, the Muppet
32:44
he definitely knows him know. This is true and never forget
32:46
behind closed, doors. All they're saying is, why can't
32:49
we shut this fucking thing off? Yeah, that's why they were
32:53
freaking out. Like why can't we shut this
32:55
thing off, which is why they're resorting to social attacks,
32:59
right? This is why they're attacking
33:00
Bitcoins energy usage and something that we've been
33:03
covering a lot on the show the right to self custody the energy
33:07
usage. I'm not so concerned about
33:08
because the profit incentive. It for mining is just absolutely
33:11
crazy, but the the social attacks on convincing NPCs, not
33:18
to take self custody because you're going to support them.
33:21
And all I'm going to have to beat that out, but you're going
33:23
to support illegal activities, write something safe for YouTube
33:28
or you know, money laundering and all the stuff that they
33:30
always say is going to be very strong.
33:32
And and I and I fundamentally believe that's going to be a
33:35
battle between. Really it's up to all of us.
33:39
It's up to everyone. It's not just up to us.
33:42
Broadcasters is up to Patrick. It's up to Surfer Jim.
33:45
It's up to Phil, it's up to Nico.
33:46
It's up to everyone, listening on Twitter spaces on YouTube, on
33:50
Rumble, a Bitcoin TV. It's all up to you guys to
33:53
really convince as many people as possible to take self custody
33:58
of their Bitcoin. If enough people takes off
34:01
custody, we win. There's absolutely nothing they
34:04
could do about it and they know that which is why I believe that
34:09
going to try Convinced as many people as possible to leave your
34:14
coin, your corn on exchanges, because it's a lot easier to
34:17
compromise. A handful of exchanges for
34:19
governments. Then try to try to confiscate
34:25
Bitcoin from Millions upon millions of individuals holding
34:28
their own keys. So I suspect it's going to be a
34:32
highly politically contentious issue if I said that correctly.
34:36
But anyways, Phil it's time for the Daily feyo.
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35:01
Okay, got a couple of we've got three fails, okay?
35:05
But some of them are very light. Okay.
35:08
But one of them one of Miss pretty heavy.
35:10
Alright, so first we're going to take a look at a really
35:12
interesting video that we were tagged in by Anarchy coiners.
35:17
Thank you very much. You are an awesome pleb him and
35:19
I go back and forth quite a bit on Twitter.
35:22
So here we go. It's the greatest thing I've
35:23
ever seen, which one of y'all did this.
35:26
He, he blazed, he's blaming me and b v and simply Bitcoin as a
35:30
whole, but it truly is not our fault.
35:32
What is he talking about? This is a very interesting video
35:35
about the evils of n FTS. Okay, so I don't know if you saw
35:52
one of the signs there, it says God hates and FTS, okay?
35:56
So let me look, that wasn't us, right?
35:58
Like it's not just us, we're not.
36:00
It's we're not the only people here that are trying to tell
36:03
you. That this is a huge scam right
36:06
there scammy, they're getting you to pay for jpegs.
36:08
Getting you to pay for jpegs and you don't even own them, you're
36:11
on mute. It but sorry, are they attacking
36:14
it for environmental reasons? Or they are attacking it.
36:17
I don't even know. It's just God.
36:20
Hates and ft's. We don't have it.
36:23
I can't let a complete loss. I have no clue who these people
36:28
are here. It doesn't matter.
36:31
It doesn't even matter if they just told you It's fun.
36:36
They probably lost money on NXT. Ha, ha ha.
36:40
That's exactly what happened. They're probably holding onto a
36:43
whole lot of board. Apes, trying to figure out what
36:47
nobody's doing this off of me, the conspiracy theories about
36:52
the board. Apes Yacht Club.
36:53
What thing Miko, what did I tell you this morning?
36:56
Yes, you talking about the like, the, the, like the racist stuff
37:01
because we can't say certain words on YouTube.
37:02
We can't say certain words. I'm sorry.
37:05
Cut that one out there you guys are.
37:07
But yeah absolutely. What's an hour of this one guy
37:11
and he showed a lot of background detail, a lot of
37:14
screenshots of a lot of stuff and I say to myself, you know,
37:17
why not? People are crazy.
37:19
It's a whole bunch of subliminal imagery and and and symbols
37:26
meant to convey all this racist and, you know, propaganda type
37:31
stuff but not being noticed by the average person and The guys
37:36
who did it are essentially just laughing watching, people adopt
37:40
their racist propaganda and all these people not knowing and
37:44
especially to the level of celebrities.
37:46
The whole point is these guys just want to just want to troll
37:49
the world and they're doing it really, really deep at a deep
37:53
level with the stuff that everybody's against and now
37:56
they're all promoting it. And these guys are sitting back
37:58
laughing that's essentially like the big joke of it all.
38:01
So they do not have to already a joke, you know.
38:05
It's like a joke on a joke when you add it up, really, it's
38:09
unbelievable. God level trolling, it really is
38:11
as like, you know, God probably loves affected the getting
38:14
trolled, but he, I would say he would hate, that's why, you
38:18
know, God is truth. Now there is a massive rabbit
38:22
hole that Jim is talking about about the you're gonna have to
38:26
keep you're gonna have to cover it one day.
38:28
I'm doing like a Bitcoin TV exclusive, a big boys TV
38:32
exclusive. Yeah, we're gonna have no
38:34
choice. We are going I have no choice
38:36
but to not put it on YouTube because it is like I mean don't
38:39
get me wrong, these other videos on YouTube they didn't get
38:41
flagged yet. So that could be anyways,
38:45
definitely something that we will need to cover but let's
38:48
let's continue on huh? Of course it out a couple tweets
38:53
sighting at least one if not two of these videos that talk about
38:56
this stuff so look at look under his feet anybody listening you
39:00
can see you know, he tagged unless they take him down or
39:04
whatever like you said, they're not And yet.
39:07
Exactly. They're not banned yet so and I
39:09
did start watching one of them this morning and I was totally
39:11
blown away. Okay here we go we're going to
39:14
we're going to move we're going to move on here.
39:17
We're going to move on to something a little different, a
39:18
little different than the evil and FTS something just as evil.
39:22
Write something that has just as much creep.
39:24
All right we're talking about consumer prices, everything is
39:29
why Marnie Co everything is why Mar.
39:31
So let's take a look at this tweet here from at sholden.
39:34
Sooner is this writing on the wall for Prices in Germany.
39:39
German producer price inflation, Rose by 33.6% in May that's bad.
39:47
Look at this. That's this is insane.
39:50
So obviously our takeaway from this is humans, don't trust them
39:55
with the money. We'll take a look at button.
39:58
Remember the Biden video member of the bodies?
40:00
Like we need more money and then it says, press secretary.
40:04
What's being asked about inflation.
40:07
We're gonna print one inflation Nico what inflation and also for
40:11
that matter what Bitcoin there's no Bitcoin.
40:14
Okay. So so we just were setting the
40:16
stage right incompetence, we know it's there.
40:18
We know it's rampant, we know that the bankers are
40:21
incompetent. We know we've all been lied to,
40:22
we know that the money theories that we've all been fed are
40:25
complete nonsense. So let's move on to this
40:29
wonderful tweet. From the bank of international
40:32
settlements coming soon. The bis annual economic report
40:35
2022 will outline a a future monetary system, which serves
40:39
the public interest. Whoo.
40:41
So, as of right now, what they've been doing has not been
40:43
serving the public interest but soon it will just pointing that
40:47
out. Anyways, let's dive into this a
40:49
little 37 video before we cover their exclusive report, he's so
40:55
handsome. Okay, here we go.
41:01
Can I steal money Remains the Bedrock of stability, my main
41:05
message to the a simple, the soul of money belongs neither to
41:09
a big thick nor too an anonymous Ledger.
41:13
The soul of money is Trust. And central banks have been and
41:19
continue to be the institutions. Best place to provide thrust in
41:24
the digital age. That does sound interesting,
41:31
right? So so the Bedrock of money,
41:34
remember it's not about technology, okay?
41:37
It's not about The Ledger it's about trust but more
41:40
specifically it's about trust in a very specific group of people
41:45
that get to have all of the Power behind your time and the
41:51
value of your time. Very important.
41:53
Anyways. So we got a little glimpse of
41:56
this annual report, okay? It's One Pages, the link is in
42:00
the show notes. Obviously, I'm not going to read
42:03
through this whole thing with everyone.
42:04
We're going to take a look at the key takeaways and we just,
42:07
we're going to pay attention to specific messaging because this
42:11
is one of those situations where simply Bitcoin told you.
42:14
So. But we actually like I don't
42:16
usually site that we told you so because I don't usually remember
42:18
that we've told you so. But I actually do remember that
42:22
we've said this okay and what I'm talking about is make no
42:27
mistake. All of these shit coins that
42:30
blow up, they become the reason for these institutions to step
42:36
in and be the are biters step in and be the police officers.
42:41
Remember they're looking out for our best interests.
42:45
Just think about that. Let's dive into the key
42:47
takeaways. I couldn't highlight anything.
42:50
This is one of those documents that doesn't.
42:51
Let me do anything Nico. So I apologize.
42:53
The kind of sucks, but here we go.
42:55
Let's let's dive in. Let's take a look.
42:57
These are the key takeaways from the A burst of creative
43:00
Innovation is underway in money and payments opening up vistas
43:03
of a future digital monetary system that adapts continuously
43:06
to serve the public interest. Do you mean Bitcoin the talking
43:09
about Bitcoin, but they're not talking about Bitcoin talk about
43:13
their own shit coin that they control?
43:15
Anyways, structural flaws make the crypto universe unsuitable
43:19
as the basis for a monetary system.
43:22
It's lacks a stable nominal, anchor.
43:25
You mean like the fiat currency has stable Nominal, anchor, I'm
43:30
pretty sure they removed gold as the Peg and 71.
43:34
Anyways, while limits to its scalability result in
43:38
fragmentation, contrary to the decentralization narrative
43:41
crypto often relies on unregulated, intermediaries,
43:44
that pose Financial risks indeed, when they're talking
43:46
about shit coins, they're not wrong about these things.
43:49
But Bitcoin actually is decentralized, it's not just a
43:52
narrative. Bitcoin is doing what it is
43:54
supposed to do and that's why they're ignoring it.
43:58
System grounded in central bank money offers a Sounder basis for
44:05
Innovation, you could probably smell this shit through the
44:09
screen and I apologize, ensuring that services are stable and
44:13
interoperable domestically and across borders.
44:16
Such a system can sustain a virtuous cycle of trust and
44:20
adaptability through Network effects.
44:23
That's right, trust us and we will make this network grow.
44:25
You could, you can trust us, it's not like we've screwed up
44:28
yet. New capabilities such as
44:31
programmability composability and tokenization are not The
44:36
Preserve of crypto but can instead be built on top of
44:40
Central Bank, digital currencies CB DC fast payment systems and
44:46
Associated data structures. So you will notice that they've
44:49
completely ignored bitcoind. Now this whole report is
44:54
wonderful but we're just going to fast forward right over here
44:57
to page 11 because This is the part where we, we really did
45:01
tell everybody. So okay, take a look at this
45:04
Bridges across blockchains arising and have been at the
45:08
center of many hacks. What did we say was going to
45:12
happen with the Fallout from from Luna and from Terra and all
45:15
these things. We said that they were going to
45:17
come in and that this was going to be the reason one of the
45:19
reasons. That they say, Hey you need us,
45:23
you need us to regulate. So, here we go, the defy
45:26
decentralization illusion, and the role of exchanges, despite
45:30
its name, the defy ecosystem shows, a tendency towards
45:33
centralization. Many key decisions are taken by
45:35
vote, among the holders of governance tokens, which are
45:37
often used to develop to developer teams and early
45:41
investors and are thus heavily concentrated smart contracts
45:45
tied to real world events. Involve oracle's that operate
45:48
out side. The blockchain Them
45:51
incompleteness, the impossibility of writing
45:54
contracts, to spell out what actions to take in all
45:57
contingencies requires some Central entities to resolve
46:02
disputes. Okay, so what did we tell you?
46:08
We said that they were going to use all of these stable coins in
46:11
these shit coins to come in and prove the value of their CBD.
46:16
See this is exactly what they're doing and you will notice The
46:21
like I said, the link is in the, in the show notes, so people can
46:24
read through the paper, they completely ignore Bitcoin.
46:27
Okay? They do mention Bitcoin in the
46:30
paper, but they never mention it as a problem that they're trying
46:34
to solve. They're trying to solve the
46:36
problem of defy. That's what they're trying to
46:41
solve. So it's very funny because
46:44
again, this goes to the other narrative that we've seen from
46:46
the IMF, this goes to the other narrative that we saw from
46:49
consensus. When Wrote their paper
46:52
presenting a CB D c--, they all ignore Bitcoin, they all ignore
46:58
the elephant in the room. They all ignore.
46:59
The one thing that makes all of this and all of them completely
47:04
irrelevant and they are going to try and trick everyone into
47:09
staying into this golden corralled.
47:13
Whatever freaking prison that they have us living in.
47:16
Anyways. Anyways, you can do die, I think
47:20
you absolutely nailed it. It I think that's the signal
47:22
right there, that is the freaking signal that they
47:24
ignore, ignore Bitcoin. That's the signal just like they
47:28
ignore the record amount of money printing when it comes to
47:31
the inflation excuses, that's the signal, it's the hidden
47:34
lead. Anyways, I'm going to read a
47:36
quote by Satoshi and the kind of a response to the soul of money
47:42
is trust. So she said this the root
47:45
problem with conventional currencies is all the trust that
47:50
that's To make it work and history.
47:53
Hold on, let me read the second part but hit, but the history of
47:56
Fiat currencies is full of breaches of that trust and think
48:01
about coincidentally. Think about the video that I
48:04
played for you guys during the number section about when you
48:08
ask them about inflation and the president the United States
48:11
saying we need more money. That's another breach of trust
48:15
because remember when they print more money, it devalues the Fiat
48:19
that you're holding. They don't tell you that part
48:22
they conveniently leave that out, right?
48:25
And that is a breach of trust the fact that you have to trust.
48:28
Someone is the problem. Bitcoin is a trust minimize
48:33
system, it's peer-to-peer there's no one to trust.
48:37
You don't have to trust that it's not going to it's not going
48:40
to debase. We know that there's a Cap
48:42
supply of 21 million Bitcoins. We know what the monetary policy
48:45
of Bitcoin is its rules without rulers.
48:48
The problem here is that they still want to be rulers.
48:51
Not so concerned about making a better Financial system and
48:54
they're more concerned about keeping the power that they have
48:59
in the current Financial system. And I think that a lot of
49:02
politicians in a lot of central Bankers, stand a lot to lose,
49:06
which is exactly why they ignore Bitcoin.
49:10
Anyways, let it go ahead. Go ahead fill before I pass on
49:13
to Jim and Patrick. No, no, that's okay, jimin
49:17
Patrick hate it. Let me just jump in real quick.
49:20
First of all. Sir, for Jim could barely
49:22
withhold his laughter when I got was talking about the soul of
49:25
trust of the, the soul of money being trust.
49:27
But I'm not gonna, I'm not gonna go over the same ground.
49:30
You just went over Niko, you said it perfectly regarding
49:32
trust but I will add. One thing is one thing that Phil
49:36
was reading that I thought was very interesting was that he was
49:40
talking about that the paper was talking about, the
49:43
interoperability is important. And, you know, and I'm like what
49:47
are you talking about interoperability or talking
49:48
about like cross-border payments, because that Is very,
49:51
very bad under the current system.
49:53
It doesn't really work. Well, in fact, you did, they
49:55
don't want that. Interoperability want to have
49:57
the ability to sanction, certain people.
49:59
If they don't like what a certain country is doing, they
50:02
want to be able to sanction then you know, just like they did
50:04
with Russia so so it has nothing to do with with
50:08
interoperability. If you want interrupt really
50:10
need, you talk about Bitcoins. So so Jim.
50:12
What would you have to have the about that?
50:15
Yeah so it is laughable. When Augustus Carson tries to
50:20
talk about About trust in money and that that that we should
50:23
trust him and all his buddies. Yeah, I was I was laughing
50:27
pretty hard the first time I saw it and then again now.
50:30
But what's interesting is they want to point out say like the
50:35
failure of Solano or lunar or any of these things, as to why
50:40
you can't trust the crypto industry, we all know the crypto
50:43
is not Bitcoin Bitcoins in a league of its own.
50:46
And that's why they don't talk about it yet.
50:48
They cite all of Bitcoins, really good.
50:51
Sticks as being the thing. They're going to provide the
50:55
way. The reason they get away with
50:56
this is because the average person has no idea really what
50:59
Bitcoin is or how it works. And they also don't know how
51:01
money works. And so they they hear about
51:05
crashes in crypto and they think.
51:07
Yeah, it's risky. It's dangerous.
51:08
You can lose your shirt and they equate Bitcoin to that and then
51:12
they hear the narrative that this new brand new stuff is
51:14
going to be good. And so many people trust
51:16
Authority already, what? They don't see and what the
51:20
narrative that They don't pick up on his these shit coins.
51:24
That fail are governed. They want to say how they're not
51:27
governed right there. It's like the wild west they
51:30
make up their own rules. But ultimately what central
51:34
banks do is they make up their own rules just like a crypto
51:39
scam does only under the guise of authority and so the thing
51:43
they say they're going to protect you against like the rug
51:46
pull they could do. As a matter of fact, they do it
51:49
when they print new money, all the Time.
51:51
So the biggest joke is that he is literally saying, let us do
51:56
what they're doing and the only difference is they don't have
51:59
legal permission like the authority of some government
52:02
magic words on paper that says they're allowed to, but we are
52:05
so we can rug pull you but they can't because they didn't get
52:08
permission. It's just such a fucking joke.
52:11
Sorry, no, no, totally. It is, I'm going to say to Jim,
52:15
it's a total fucking joke. Bitcoin really does fix this.
52:19
It just Breeds corruption like that.
52:22
That that's the that's the system.
52:24
Anyways, fill the protecting us. You I showed you the chart.
52:31
I showed you the chart that the little chart to protecting us.
52:33
There were hacks in in crypto and there's there's theft and
52:36
crime and they're protecting us, right?
52:40
Yeah. I mean it's true.
52:42
I feel protected by Augustin. He definitely ate my fries
52:46
though. Anyways, Phil there was an open
52:47
source software released today, what I tell her, I mean review.
52:52
Oh, the meme review brought to you by Citadel 21.
52:57
It's the best Bitcoin cult Rosine stories articles Comics,
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by actual bitcoiners. This is the artwork for volume
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10 is the artwork for volume 11. And this is the artwork for
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volume to Volume 2 is almost sold out because there's only
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53:14
So get your prints of Citadel 21 today before they run out.
53:18
Alright everybody, Welcome to the Bitcoin meme review, we View
53:21
Bitcoin, memes memes play an essential role in Bitcoin
53:24
culture and this narrative trench warfare that we're
53:26
fighting hand-to-hand on the battle battle grounds of the
53:29
internet. Anyways let's check out this
53:31
first meme by the legendary puppy host of toxic happier.
53:36
Happy hour on Twitter spaces after the simply Bitcoin space.
53:40
That's the happy hour space. Anyways how a defy lending
53:43
platform actually works 10 yields offer 20 year old offer
53:46
30 year old offer? It's the sniper in the church
53:50
meme. Anybody who's listening due to
53:52
extreme market conditions? We are suspending all
53:54
transferred until that's the definition of a Ponzi scheme.
53:58
All right? Moving to this one.
54:01
All right, you will get it at the price you deserve, it's the
54:04
famous, you know, good times create strong, men, strong, men
54:08
create, but good times. Got a good time, Etc, that that
54:11
thing and it says bear markets, create bitcoiners bit Corners,
54:14
create bull, markets, bull market, create shit coiners,
54:17
shit, Corners, create bear markets.
54:19
It's so good. I can true.
54:21
All right, shout out to our friends at Bitcoin Magazine.
54:24
With this meme Bitcoin, is down 30% this week.
54:28
I'm not surprised. I warned you.
54:29
It was a bubble back in 20, absolutely hilarious.
54:33
Alright next one by Rasmus what's the difference between a
54:36
conspiracy theory in the truth about six months?
54:38
All I gotta say is that Alex Jones was right about a lot of
54:42
things. Not all things but he was sure.
54:44
Right about a lot of things. Good morning plebs bom.
54:48
Dia, buenos días plebs. So what are we going to Do
54:51
today. Brain, it's picking the brains,
54:53
the cartoon. The same thing we do every day.
54:56
Pinky stack SATs and shit on shit Corners.
54:59
I like that. I like that.
55:00
Alright, next mean, by CK, get your coins off exchanges.
55:05
I already did that, get more and get those coins off-exchange.
55:09
And this is a, this is the the pain dwarfs, the pain.
55:14
Obviously, these are the motorcycle, dudes, the
55:16
motorcycle, dudes. Yeah.
55:18
Patrick the motorist this first because they are we serving.
55:23
All right, so next one by us, one Bitcoin, when our sponsors,
55:30
best place to stack SATs, DC a swan Bitcoin.com anyways, /
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simply Bitcoin. So Bitcoin is dead.
55:38
You must be new here, it's the Willy Wonka guy.
55:41
The, the template, anyways, very good memes, feel very good
55:44
memes. And for those memes, if you were
55:46
in school, you remember, this, this is a mechanical pencil.
55:50
And you wanted to Trade your regular pencil for this pencil
55:53
or at least it was when I was in school.
55:55
Phil I was a big fan of those mechanical pencils, huge fan.
56:01
It was part of the repertoire, right?
56:02
You have the mechanical pencil and you had the little lead
56:04
thing which was really cool to play.
56:07
Take it out, sometimes it break and you be like if you ever
56:10
tried to put the lead in, through the tip of the pencil.
56:13
Yeah, of course because you know, you've got nothing to do.
56:15
I mean it must be paying attention but you're not, I
56:17
wasn't clearly. Anyways, that being said Ed.
56:21
I am gonna give those memes. The score of a still in the
56:25
packaging. Jade Hardware wallet rice, stir
56:31
the packaging to very nice Surfer.
56:34
Jim, what would you give those memes?
56:37
Well, I first I want to point out the fact that the mechanical
56:39
pencil has now been sighted at least twice on your show as a
56:44
score as a winning score. If you will recall, when I was
56:48
on the show, last I was ready to give a ballpoint pen as a good
56:53
score, but I felt it needed a little more and that the
56:56
mechanical pencil. Now today, down and I are on the
57:06
same wavelength like when you put deserve it right now.
57:09
So today I do happen to have a mechanical pencil.
57:12
Maybe I just kind of knew Niko's going to cover me on that.
57:15
I'm not sure. But, you know, in honor of all
57:18
the podcasts, especially the ones you guys put on with your
57:21
hilarious and very informative. I have spent years now learning
57:27
on the Road walking around Home Depot, wherever I'm by myself.
57:31
I got these cordless headphones on.
57:35
I'm going to be generic like any cordless headphone is a really
57:39
really quality value item and I think it's worth it for these
57:43
memes. I mean that's a those are great
57:45
means in this is a my opinion this is a very high score right
57:48
now. There's a fourth here.
57:49
Wow, it's that's a very that's one of the highest scores we've
57:53
ever receive Patrick what would you give those beams?
57:56
That's not a couple of friends on Puppy and CK with great means
57:59
that all the means were awesome. But I will say for those, means
58:04
I'm going to give a score of a big coin, porcupine t-shirt,
58:09
shout out to fomo. Oh no, Johnny lunch, shut up
58:14
Gibbs. Shout out Neal.
58:16
Yeah to get Neil, Jake are so he's an awesome.
58:19
Awesome Bitcoin are. So yeah, I love this, perfect
58:23
for pork fest. So I'm everyone's asking me
58:24
about this chair here. So porcupine Freedom Festival.
58:28
Porcupine big winner. Hell yeah.
58:30
Awesome. Awesome scores.
58:32
An awesome memes. Jim pulled out the big guns
58:35
today. Anyways, as we want to know, if
58:36
you're grew their scores, you disagree.
58:37
Let us know down in the comment section.
58:39
Make sure to subscribe to us on alternative video platforms for
58:42
obvious reasons like Rumble.com, my personal favorite Bitcoin,
58:46
tv.com, and join our awesome telegram group.
58:48
It's partying. There there's plebs.
58:50
You can link us some Bitcoin memes to review on the Bitcoin
58:52
review. But anyways fill it really is
58:55
time there. What there's an open source.
58:57
Release right. Everybody about it websites
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brought to you by Cipher safe. Check them out.
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Cipher safe dot IO, forget about paper.
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It's dead store your seed with the Cipher wheel or the all new
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Cipher grid. They both come with a
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tamper-resistant wire and the grid comes with a punch tool.
59:18
All right, guys in the last bear Market, I was introduced to
59:23
Pirate Beach Bums, bear Market Diaries.
59:27
And it was awesome, just really great down-to-earth bitcoiners
59:33
answering just random questions about Bitcoin and and about
59:37
themselves, really great stuff. He dropped the first one today.
59:40
We've got the link in the show notes pirate, beachbum dot sub
59:44
stock.com and the first one is an interview with hot oil and
59:49
not and it just dropped. Check it out.
59:51
The link is down below. And guys, we always say this,
59:56
we're going to keep in mind. You don't forget to check us out
59:59
on our Audio, Only platforms, Apple podcasts, Spotify em.
1:00:04
Anchor, if you want to stream my SATs, check us out on Fountain.
1:00:07
Dot f m--. You could stream assets through
1:00:09
Breeze. Awesome.
1:00:10
Thank you for all right guys. Before we go when I give a very
1:00:12
quick shout-out to her clothing sponsor Phil and I wear hoodies
1:00:14
Every Single Day. Represent LTD.com, they're
1:00:19
making simply Bitcoin marriage. There they made Bitcoin merch,
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the one that fills wearing and you can take advantage of the
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promo code down below to get 10% off anything off the The
1:00:27
represent LTD.com store I was going to give a very special
1:00:31
shout-out to our dear friends live at Pork pressed.
1:00:35
The legendary Patrick, the mortar is, and the legendary
1:00:39
Surfer, Jim. He went viral because he was
1:00:42
attacked by jamaat. It was absolutely epic.
1:00:45
They made a song about him. These two are Bitcoin Legends.
1:00:49
And shout out to everybody else at porcfest guys, if you are
1:00:52
listening to this on Twitter spaces, stay tuned.
1:00:56
Because after the show. We're going to have a live Q&A.
1:00:59
I'm going to be there tomorrow. So you guys will, you know, be
1:01:02
able to talk if you want to talk to me.
1:01:03
If you want to talk to Phil, it's gonna be a whole lot of
1:01:06
fun. Anyways guys, if you enjoyed the
1:01:07
show, you know what to do, smash their life and of course you
1:01:11
want to continue in the Bitcoin. Use from the bleep Club
1:01:13
perspective, the catastrophic fails, the means all from the
1:01:16
same plea perspective. Definitely, consider subscribing
1:01:20
to Simply Bitcoin. And we'll see you tomorrow guys,
1:01:22
for a brand new episode. If your shit coining, your the
1:01:26
excess