Latest / Simply Bitcoin / Bitcoin Lightning Network Just Got 40M New Users | EP 607

Transcript

Bitcoin Lightning Network Just Got 40M New Users | EP 607 · Simply Bitcoin

0:17
Yo, today is October, 25th 2022. Welcome to Simply Bitcoin live.
0:22
We are your number one source for the peaceful Bitcoin
0:25
Revolution record, breaking news culture, medic Warfare.
0:28
We will be your guide through the separation of money and
0:32
state. Speaking about the separation of
0:34
money and state more tax, specifically on Bitcoins
0:38
privacy, which we'll talk about, it's very ingenious the way that
0:41
they use it because they are very good at picking out
0:45
boogeymen And then bling and then blaming or justifying the
0:50
take away the taking away of Rights and Freedoms because of
0:54
that certain Boogeyman. So we're going to talk about
0:56
that. Also big news on the lightning
0:58
front cash app, enables, 40 million of their users to use
1:04
lightning from from the app itself and that's better than
1:08
some Bitcoin wallets. But I suspect free market forces
1:12
are going to incentivize other players to follow cash.
1:16
App. There's any interesting when
1:18
PayPal when lightning Network that should be interesting.
1:21
But before we start the show, I want to say a very special,
1:25
hello to a buddy of mine friend Tucson, Bitcoin also known as
1:29
Alex Kaboom racks. Are you doing bro?
1:32
Pretty good man, excited to be here.
1:35
Happy to have you on the show and the one.
1:37
The only always optimistic. I don't know how you could
1:40
always be optimistic, but he's always optimistic.
1:43
It's a way of life, bro. It's a way of life.
1:45
You either see Bright Side of Life or you're dying.
1:49
So yeah man. Good to be here.
1:54
It's Tuesday, you know, we had a, we had a solid day yesterday.
1:59
Pretty inspired from our conversations.
2:00
Well, I didn't have the conversation last night, but the
2:03
talk that you and Troy had. Last night, I think was very
2:06
inspiring. At least to see, you know, where
2:09
we're simply Bitcoin fits in all this crazy stuff and men just
2:14
feels good. It feels good to show up every
2:15
single day and continue to put out content and today's daily
2:19
culture Nico. Since we got my boy alex here,
2:22
from Kaboom racks. We're going to just do all
2:25
things. Kaboom rack, considering he he
2:26
might be my favorite social media guy out there.
2:29
He comes. He kills it over there.
2:31
So I got a little a couple Tweets in here and I don't know
2:36
if you guys know, but he did also host toxic air waves.
2:39
So you know, he is going to give us some good Ranch from his
2:42
perspective. So, I'm excited for this one,
2:44
he's podcast train Dubrow, it's Past frame, you know, he knows
2:48
he knows hat. He knows how to play the game.
2:51
Anyways, let's start the show. Number two, brought to you by.
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All right, at the time of recording, the Bitcoin, price is
3:23
$19 and seven hundred ninety two sides per dollar. 5052 block
3:28
height 760,000 251 reachable, Bitcoin notes, fourteen thousand
3:32
one hundred, thirty two blocks to The Happening. 79,000 749,
3:36
having estimate April, twenty, twenty twenty four, total.
3:39
Lightning network capacity. 5118 Bitcoin roughly.
3:44
Oh it's finally above 99 million.
3:47
We're at 101 million you As the incapacity value.
3:51
Does that have anything to do with the cash app announcement?
3:54
I don't know we shall see realize monetary inflation 1.78
3:57
percent market capitalization 380 billion dollars with a be.
4:03
Anyways I want to talk about the new appointed prime minister of
4:10
the UK. Now it's really interesting,
4:13
right? You search this guy Rishi so
4:16
knock. Sorry, guys.
4:17
This is Nico can't pronounce a lot of these names.
4:20
Yes. And obviously, you know, you put
4:23
wef what's going on there, right?
4:25
And it's really interesting how Google does this, right?
4:29
The second thing is like, wish, you know, is his profile on the
4:34
world, economic Forum, it's empty, it's just a picture of
4:37
him strange. And then the second result is
4:42
this is not a global scoop. They want to let you know that,
4:45
but let's actually hear what he has to say.
4:50
Specifically in relation to Central Bank, digital currencies
4:54
is a pretty old video. But the thing is, when this
4:58
video came out, he wasn't the prime minister of the United
5:01
Kingdom. And now he is right.
5:04
So we know he's a member of the world economic Forum.
5:07
We know he's a member, he net. We know he's a huge fan of
5:10
Central Bank. Digital currencies, interesting.
5:14
Interesting to say the least. Anyways, I'm going to shut up.
5:16
Let's play the video and then we'll talk about it.
5:19
Today, I'm proud to say that under the UK's presidency that
5:23
group of the world's seven most advanced economies, the G7 is
5:27
launching a set of public policy principles for retail Central
5:31
Bank. Digital currencies CB d, c--, s
5:35
Central Bank. Digital currencies could be a
5:36
digital version of money. A bit like, a digital bank note,
5:40
that could be used alongside physical notes and coins, unlike
5:44
most of the digital money people use daily today, it would be
5:47
issued directly by a Central Bank, like the bank of England
5:50
in the UK and governments and central banks across the world
5:54
are working together. Looking into what having a
5:57
digital currency might mean in practice.
6:01
This includes issues that people care about such as ensuring
6:04
users money would be safe and secure that.
6:06
It could work with other ways to pay would be energy, efficient
6:10
and available to everyone, a potential, CB D, c-- could offer
6:14
businesses and consumers, new ways to pay in the future.
6:18
It's all part of the wider, story of digital Innovation,
6:22
that has delivered benefits to Millions around the world.
6:25
And in the UK, the decision on whether to launch a central
6:28
bank, digital currency is for each country.
6:31
Make and no G7 jurisdiction has yet made that choice.
6:35
These decisions, raise important questions about the reshaping of
6:38
our economy Financial systems and the way in which people
6:41
interact with money and payments.
6:44
That's why working together and careful evaluation with our
6:48
International Partners is a sensual in the UK.
6:51
Earlier this year, I announced a new Joint Task Force between the
6:55
treasury and the bank of England to look into a potential CBD.
6:59
See as a compliment to cash. And Bank deposits.
7:02
We're also hearing from firms technology, experts and others.
7:06
Under the leadership of the UK. This report today will help
7:10
support and inform exploration of CBD sees in the G7 and Beyond
7:16
with these principles, the G7 is leading an important step change
7:20
in the global policy conversation, the report covers
7:23
a range of important matters. Such as Financial stability,
7:27
cyber resilience Energy, Efficiency, privacy, Inclusion
7:32
and tackling illicit Finance. These factors should all be
7:36
considered when designing and potentially delivering, a CBC
7:40
that would be fit for the future.
7:43
Our shared objective is to ensure that CBD sees would be
7:46
grounded in long-standing commitment to transparency.
7:49
The rule of law and sound economic governance.
7:53
The G7 will continue its work in this important area working with
7:56
others to enhance understanding and use of these principles.
8:00
We're excited to be taking a leading role with G7 members in
8:04
publishing. All right, I can't, I can't I
8:07
can't do it. I can't do it.
8:08
Jesus. Oh man.
8:12
Okay, so a couple things there. Let's break it down.
8:18
Mentions is not mentioned one time inflation.
8:23
Not mention that people are seeking Alternatives because
8:27
they're tired of being stolen from by currency debasement.
8:33
That that's the that's the reality here and he's not
8:36
talking about that. I wonder why I have.
8:41
I have absolutely no idea. Holy crap, and he was just
8:50
appointed, it wasn't an election, the prime minister of
8:55
the United Kingdom, and that's how you feel.
8:57
That's how that's how he feels about Central Bank, digital
9:02
currencies. And clearly it's it's very
9:05
interesting because he is pushing the same message that
9:08
the White House is pushing that the future of money is Central
9:14
Bank. Digital currencies, it is not
9:17
Bitcoin. And I wonder why that is
9:20
obviously because they get a tremendous amount of power from
9:24
issuing that money from controlling that money.
9:27
So it goes back to this idea that we've been talking about
9:31
for quite a bit. The people that are in charge of
9:34
regulating this thing of The Regulators, the people that are
9:38
in charge of governments also stand the most to lose, if
9:42
something like Bitcoin wins and it's very interesting.
9:46
And I think that's the signal that I would want you guys to
9:49
take away from this, is that that whole entire video, talking
9:52
about inclusivity more efficient ways of paying, you know, he
9:57
mentioned the energy thing, right?
9:59
It's like people give a flying F, you know whether Their thing
10:03
is energy. Efficient.
10:08
But he never mentions inflation. He never mentions currency
10:11
debasement and that's the signal right there.
10:14
And the reason that they can't mention that because that's the
10:17
tell, that's the fucking tell. If you tell everybody right.
10:22
Hey look, it's this is the reason that people are opting
10:27
out because people are tired of losing eight to ten percent.
10:32
You know, right currently in the US and Europe, right?
10:35
They're tired of being stolen from every single day, If you're
10:38
not making ten to fifteen percent more than you were last
10:41
year, you are poorer. So this is people don't want
10:45
Central Bank. Digital currencies.
10:47
People want to be want to earn and Save in a money that doesn't
10:50
steal from them. And as time, progresses more and
10:53
more people will wake up to the reality.
10:55
That they now have that tool with Bitcoin Central Bank,
10:59
digital currencies will never be able to do two things that
11:02
Bitcoin can do. This is something that we were
11:04
talking about last night with Troy.
11:07
Governments will always want to debase.
11:11
And governments will always want to censor and control and unless
11:15
they match those two things they will never be able to Matt to
11:19
beat Bitcoins incentives. So the only thing they have left
11:22
is coercion. So, all the pretty talk the guy
11:25
in the suit, the official emblem, all the BS talking about
11:29
inclusivity, talking about whatever it's up to you to ask
11:32
them a very important question. If you have the opportunity, why
11:36
are you forcing me to use the money that steals from me?
11:40
Why? Why why are you forcing me to
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use this through legal tender laws?
11:44
I pay my taxes. Why do I have to do this too?
11:48
And they won't have a good answer to that question and it's
11:51
really up to all of us to make them answer that very basic
11:56
question. Anyways, Kaboom Max Alex, what
12:00
are your thoughts? And then we'll move on to Opti.
12:02
Yeah, I mean, I think when we're talking about using Bitcoin
12:06
versus using authoritarian currencies, like see bdcs or
12:10
Fiat currencies, it comes down to a matter of self-worth.
12:14
Like do you exist just to be Mana is funny that he said,
12:17
privacy in that talk like you just mentioned that.
12:20
It means nothing. We know, you know, governments
12:23
and corporations. Don't care about our privacy
12:27
whatsoever, but it just comes down to a matter of self-worth.
12:30
Like, do you exist to be Installing from or do you exist,
12:35
you know, to choose your own destiny and which tool allows
12:39
you to do that better is the answer is Bitcoin.
12:42
So like tbc's are great for people that like have no self
12:46
worth and hate themselves and don't aspire to anything in
12:50
life. So, yeah, it's actually
12:53
interesting, you say that because I've, I think it was
12:56
American hottel who said something along those lines,
12:58
right? It's like for you to understand
13:01
Bitcoin. You Need To Love Yourself.
13:02
Self first, write it because think about it, you know, the
13:06
your stocking now to benefit yourself in the future and if
13:09
you're nihilistic about the future, right?
13:14
Why would something like Bitcoin even be interesting to you?
13:18
So, yeah, I think that's a really good point.
13:20
Anyways Opti, what are your optimistic?
13:23
There's no optimism here. Okay.
13:24
Yeah, it wasn't optimistic here. I was gonna go first off, you
13:28
know, we've boy and office who'da.
13:30
Thunk it guy, you know, could this This coming and then and
13:35
then also your point of the Google, Google ad read that the
13:39
following, the following statement.
13:41
When you type in his name with we following it is not a
13:44
globalist COO like Lola. Amazing.
13:46
You can't even make this stuff up.
13:48
That is absolutely amazing. Google is working overtime to
13:52
ensure that you are getting all the misinformation possible.
13:56
He-Man. Big Tech is running, amok,
13:58
amazing, but you know, Klaus Schwab's little Fanboy pushing
14:03
cvc's like who saw this coming? I mean, who would have thunk?
14:07
This like this is amazing again. We counter all the fun all the
14:12
time and it's it's almost getting ridiculous how obvious
14:18
and you know, noticeable all the narratives are like, I've said
14:23
it in the past, we don't even have to read these articles
14:25
because we already know what they're going to say.
14:27
But it's our job to continue to counter this stuff.
14:30
Because if you listen to that video, What's he saying?
14:33
Like all the benefits of CBD sees that he mentioned are
14:35
literally the exact opposite of what it will do for its
14:38
citizens. It's like it's orwellian
14:41
doublespeak. The CBC.
14:44
Is about total control of the population and they know that
14:46
and we know that and it's our job to continue to push on those
14:51
buttons. And like you said, you said it
14:54
best and you said it last night as well.
14:55
It's like, why are we being forced to use a money that is
14:59
designed to lose value over time?
15:02
Insistently, that's how it's designed to do.
15:04
And then to add on top of that, not only is it designed to lose
15:08
value, but you can get cut off from the system instantly.
15:12
And these are the features that are these are the features that
15:15
they are pushing for you for your safety citizen.
15:17
Like, this is absolutely insane. Orwellian doublespeak, it's
15:21
like, trust me citizen. I know what's best for you and
15:24
your money. You are not an adult.
15:25
You can't use money how it supposed to be made.
15:28
And then on the last note, this this little side note, for the
15:31
bitcoiners out there, Got a real real throwback nostalgic Vibe on
15:37
that video from what's-his-name Rishi, whatever the new prime
15:42
minister of the UK. It reminded me of that Roger ver
15:45
video where he's saying like Mount gox has all your funds,
15:48
like your funds are soft food and he's just reading off the
15:50
teleprompter. It's just like man, this isn't
15:53
this is insane stuff going on right now.
15:56
But the worst part is that people are going to fall for
15:58
this and they're going to get corralled in the CBD.
16:02
D system. And and it's upon us to continue
16:04
to push on those buttons and make sure that people understand
16:07
that Bitcoin is the freedom money.
16:10
Bitcoin is the the money that date out there CBC to be.
16:14
And so they can't Co-op this narrative as long as we're out
16:17
here, breathing, and pushing this signal, like Bitcoin is the
16:20
way and the CBC is not. It's just a trap man.
16:23
It's absolutely insane. Dude, 100%.
16:27
And guys at the end of the day, you the only defense against
16:32
this is taking Bitcoin into self custody, arming yourself with
16:35
the truth, arming yourself with the knowledge and it falls to
16:39
you. And I know that our second
16:40
greatest viewer base is coming from the UK.
16:43
Like you have to understand that.
16:44
Now, your leader right is a big fan of slavery, money.
16:49
And when we say slavery money, we mean Central Bank, digital
16:52
currencies, right? So is Bitcoin going?
16:55
Be allowed to coexist with Central Bank, digital currencies
16:58
people are always going to pick Freedom, right?
17:00
People are always going to pick something that is designed to go
17:03
up in value versus something that is designed to go down in
17:06
value, right? So I think at the end of the
17:08
day, what governments are going to inevitably do, is to try to
17:11
coerce people into using Central Bank digital currencies.
17:14
And that's exactly what they did in communist China already.
17:17
And that's why they banned Bitcoin Bitcoin transactions,
17:20
Bitcoin mining, right? Because there they want people
17:23
to use a money of which they can control, right?
17:26
And that's a big question that the West is going to have to
17:29
answer in the next five to ten years is the West really
17:33
adhering to those principles of Liberty and freedom.
17:36
Or was it all a facade? The entire freaking time.
17:39
We shall see which one it is. Anyways, let's get on to the
17:43
news. Let's do this lot to talk about.
17:47
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I'm so every time I'd ever eat Time opt he's making me go
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broke. Okay.
18:18
Anyways, big big big freaking news.
18:22
This is absolutely incredible. Cash app, enables send and
18:27
receive Bitcoin lightning payments for 40 million users.
18:31
Now, I know what a lot of you guys are saying.
18:34
Cash app is not self. Custody why?
18:37
You know what, like what is this matter?
18:39
This is noise, Nico. What the hell are you talking
18:41
about? Well, No, this is pushing
18:44
lightning Network and this is going to because of Market
18:48
forces. This is also going to push other
18:51
companies like PayPal like Robin Hood to enable lightning that
18:58
enabled, lightning payments. Remember it was Cash apps
19:03
enabling of Bitcoin purchases on the app and because it was so
19:07
successful that forced the hand of Robin Hood, and And of PayPal
19:13
because they were losing market share to pay to cash app.
19:18
So it's the same thing, right? We know, Jack dorsey's, fully
19:21
orange pill. Do we know these on the mission.
19:23
We know he quit Twitter to to, to work on bitcoin full-time.
19:29
We know that he was behind the stratum V to update that is
19:33
going to further decentralize mining, right?
19:36
So, the guys on the mission and I think this is a beautiful
19:39
move, because if you're in PayPal's position, You're in
19:43
Robin Hood's position. Now, your competitor is offering
19:47
a feature that you don't offer, right?
19:51
So I believe and we correctly predicted this as well.
19:55
When I said, PayPal is going to enable withdraws Robin Hood's
19:58
going to enable withdraws because if they don't, people
20:01
are just going to use the service that that enables
20:03
withdraws, right? So this is, this is great news.
20:06
And another thing is, this is getting people's feet wet.
20:10
In Bitcoin. So now a lot of the shit coin
20:13
narratives, right? That were based off Bitcoin,
20:15
slow Bitcoin takes 10 minutes to confirm that all just died,
20:20
right? Just died, snap of a finger.
20:23
Now you can send Bitcoin payments through lightning
20:26
Network instantaneously to other people and that kills, a lot of
20:30
the shit coin narratives, right? So this is really bullish news,
20:33
I'm really happy about it again. What are the downsides?
20:36
The downsides is Cash, Up is a custodial.
20:40
Wallet. So it's not a self custody
20:41
wallet. Ideally you want to be self
20:44
custody in your Bitcoin, you want to be running your own
20:47
Bitcoin node with lightning and all that stuff but there's a
20:50
level of complexity to that as well but I think overall this is
20:54
good news because it is pushing the adoption of the lightning
20:58
Network and I think that's good news.
21:00
Anyways, Opti, what are your thoughts on this?
21:02
My friend? Well, first off, I think, I
21:05
think that, you know, this not being self, custody is
21:07
definitely a valid point. I saw a lot of people talking
21:10
About that on on Twitter which obviously is like a hardcore
21:13
Bitcoin. ER, you know, there's trade-offs
21:15
to it at and there's definitely concerned there, but this makes
21:19
it a lot easier for merchants to accept Bitcoin.
21:21
I mean, cash app is almost ubiquitous with like the Normie
21:25
culture. I think the majority will not
21:28
the majority of people but a lot of people that I know have cash
21:30
app on their phone and it's just going to do what you said, you
21:34
know, continue to get people's feet wet and get them into the
21:38
Bitcoin ecosystem and Allow them to use Bitcoin easier and as
21:43
well. Build out the lightning
21:44
infrastructure like you're saying that the competitive free
21:47
market will inevitably push other companies to add lightning
21:52
to their to their apps and and this will you know one step at a
21:56
time go towards that marching of Main Street, but Main Street
22:00
adoption and to one of your points of this killing the shit
22:03
coin, narratives. It's like that interrupter.
22:07
What's it interoperability of shit coin?
22:10
Is now is is like completely destroyed with with a cash app.
22:13
You know, what do you say? 40 million users on the app and
22:17
now you can use cash app to pay lightning, invoices anywhere
22:21
around the world. Like this is absolutely
22:23
beautiful to see and this is just going to continue to
22:25
saturate the Bitcoin adoption out there.
22:27
And I just can't wait to see more apps and more companies.
22:31
Do this very thing and add lightning to their, to their
22:34
apps and to, you know, they're their websites.
22:37
And so, you know, sooner than later, We'll be using lightning
22:41
to for everyday purchases and it's just it's just a beautiful
22:44
future that we're going to go in, you know, qrs's everywhere
22:47
QR codes everywhere for us QR codes everywhere.
22:50
Anyways, Tucson, you want to add to that, my bro, I was just
22:54
thinking there's something that I think about, you know,
22:58
periodically when something like this happens.
23:00
But when I got into Bitcoin and 2018, I was watching all those
23:05
YouTubers that were you know, talking about the price and
23:08
they're like, oh, something's Going to happen.
23:10
The price is going to go up over nine, thousand dollars are over
23:15
six thousand dollars for watching.
23:19
Right now is just all the infrastructure is being built
23:22
out for a Bitcoin future and it's very, very, you know,
23:25
exciting. I mean of course, like cash app
23:29
is Not for allowing you to be Sovereign, you know, it's a the
23:36
collects all your information which they're going to lose and
23:38
compromise you with. But I mean it what we're
23:43
watching right now is that the Fiat monetary monetary system is
23:46
really not serving people. And as every day goes by it gets
23:50
worse and the you know, Bitcoin rails are being built and that's
23:56
pretty excited. Yeah, 100%.
23:58
I 100% agree with you. It's it's awesome that it's
24:03
being built, and it's being pushed and this move by Jack.
24:07
Dorsey's, cash app is going to force, other players to follow
24:12
suit, whether they like it or not.
24:14
And remember the same thing happened with BlackRock Larry
24:17
Fink is not a fan of Bitcoin, but again, he didn't want to
24:20
lose market, share to his competitors.
24:22
So his hand was forced to offer to offer Bitcoin investment to
24:27
his clients. Right?
24:28
That's why they teamed up with coinbase.
24:30
Right? So it's Market Force is doing
24:32
when Market forces doing and behind all of this is Bitcoins
24:37
irresistible incentives, right? And this is just right now, this
24:40
is just 20 22. You imagine what the world's
24:43
going to be like five years from now four years from now?
24:45
Holy crap I'm really really bullish for it.
24:48
Anyway it's before more bullish news guys.
24:51
I want to talk about another attack Vector.
24:54
Another attack Vector developing just to give you guys some some
24:58
context, right? Remember, this was tornado Cash.
25:02
Tornado cash. We've been covering this for
25:05
quite a bit on the show and remember the justification that
25:10
was used to go after tornado cash, right?
25:14
And check out the wording wording is very important, very
25:16
powerful. This is a press release by the
25:19
US Treasury. Dated August, 8 2022, says US,
25:22
Treasury sanctions, notorious virtual currency mixer, tornado,
25:27
cash, this includes 455. Million stolen by the Lazarus
25:32
group, a Democrat Republic of Korea.
25:35
Also, known as North Korea, state-sponsored hacking group
25:38
that was sanctioned by the US in 2019 and the largest known
25:42
virtual currency High. Sedate, remember guys, talk
25:46
about strawman, talk about the boogeyman.
25:49
Are we fans of North Korea and they're hacking and the Lazarus
25:52
could know, but will we are going to say is that this is an
25:56
excuse, this is a justification that the US Treasury used to
26:02
sanction. Open source software.
26:05
Remember sanctions were specifically tailored for
26:07
individuals and governments they were never, they were never
26:10
meant for software so why why are they doing it for software?
26:16
Well, we've been making the case for you guys is because they're
26:18
trying to A precedent because Bitcoin is a threat to current
26:23
US sanctions policy. Remember, the United States
26:25
government gets a tremendous amount of power and influence
26:29
from being the world's Reserve currency and by being the
26:32
world's Reserve currency, they're able to dictate a few
26:36
bureaucratic Elites in Washington.
26:38
D.c., who is entitled to use money and who's not entitled to
26:42
use money, right? That being said, that was the
26:45
preface. Now, what was the consequence of
26:47
that fast forward? Etherium moves to proof of
26:50
stake. Now, 59% of aetherium.
26:54
Validators are now actively sanctioning actively censoring
27:00
for the office of foreign assets control, which is part of the US
27:04
Treasury. So what Matt Odell said in his
27:06
tweet was so spot-on, the US government releases a blog post
27:12
and this is the result and this highlights the importance of
27:17
decentralization, right? Anyways.
27:21
So, going fast forward to what happened recently.
27:24
This just came out today. The United States, Attorney's,
27:26
Office Eastern District, New York to Chinese Intelligence
27:30
Officers, charged with obstruction of justice and
27:32
scheme, to bribe US government employee and steal documents
27:35
related to the federal prosecution of People's Republic
27:38
of China. Based company defendants paid
27:41
61,000 in Bitcoin, bribes to double agent under the control
27:46
of the FBI to obtain internal files and other non-public
27:49
information related to the ongoing.
27:51
Vestigation and prosecution of a People's Republic, People's
27:54
Republic of China based company, according to court documents
27:59
also know the, the guy donghae and Jackie, hey allegedly
28:03
orchestrated a scheme to steal files and other information from
28:06
the US attorney's office for the eastern district of New York
28:09
related. To the ongoing Federal criminal
28:10
investigation process prosecution of global
28:12
telecommunications company based in the PRC, including by paying
28:16
approximately 61 thousand in Bitcoin bribes to US government.
28:20
Aye okay and you think okay Nico you know they're spying, this is
28:24
bad. You get it.
28:26
Remember guys, remember the boogeyman what came out shortly
28:31
after this news. Shout out to her friends at no
28:34
bullet, no bullshit Bitcoin, check out the date, October
28:37
25th, check out the date here, October 24th, Chinese spies do
28:42
use Wasabi wallet, coin to pay Bitcoin, bribes to FBI double
28:47
agent. Do you guys see where this is
28:50
going? Remember they used the
28:53
justification of the North Koreans using tornado cash?
28:56
Even though we know that 90 pot 90% of tornado?
28:59
Cash users were using it for innocent purposes but they use
29:05
that to go after open-source technology and I'm going to make
29:08
the case. And I believe they're using this
29:10
example of the two Chinese spies using Bitcoin.
29:15
Because of course it's like they never use Fiat right using
29:18
Bitcoin specifically using the Wasabi wallet to justify what
29:23
what do you think is next? What do you think is next?
29:26
And this is why I got so upset when Wasabi wallet announced
29:32
that they're actively blacklisting certain Bitcoin
29:39
addresses from coin joining. Well, it looks like that didn't
29:42
work, did it? You're being complacent with
29:46
people, you're trying to bargain with people that have every
29:50
incentive to destroy you. And it didn't work Chinese.
29:56
Spies used it anyway. So where is this going?
30:02
I believe the treasury. I believe just governments in
30:06
general are going after they're going to go after Bitcoin,
30:09
mixers. The tornado cash was the
30:11
opening? Salvo is the justification?
30:14
And now here coincidentally who incidentally a day after?
30:18
Oh, that's 61,000. Do they use coin joined?
30:22
They use wasabi wasabi bad and then when they take that away
30:26
from us, What's next, you can't kill you can't transact with
30:32
anybody. Can transact with anybody freely
30:35
us. Mining pools.
30:36
Can't can't include certain blacklisted transactions that
30:42
were not approved by the office of foreign assets control.
30:47
These people aren't fucking around and they're very smart,
30:51
and they have a ton of resources.
30:55
This is at the end of the day. This is this is this is a battle
30:58
for everything and they're just not going to give over those
31:02
keys gently. They're going to slowly, take
31:05
away your freedoms. They're going to slowly
31:08
villainize. You villainize, you specifically
31:13
for wanting privacy. You cannot have pre freedom
31:17
without privacy period. And this was enshrined in the US
31:22
Constitution, the Fourth Amendment But that went off the
31:26
fucking window that doesn't matter nowadays.
31:30
This is pure money, power politics and these people are
31:33
not going to give it over gently.
31:35
And what you have to do is you have to arm yourself with facts
31:38
and you have to arm yourself with truth and don't get
31:42
distracted by The Boogeyman. Just because it's North Korea,
31:48
remember Bitcoins, the money of enemies, you have to be okay
31:51
with your worst enemy using this technology.
31:54
Just because the North Koreans use it, just because Chinese
31:59
spies used Bitcoin. They could use cash as well.
32:04
Should not give them the ability and the right to take away your
32:08
freedoms and that's exactly what they are doing.
32:12
They're trying to villainize privacy and that isn't okay and
32:17
they made an example of the tornado cash developer as well
32:20
member. They put that guy in jail
32:23
remember Ross, right? And they denied him bail not too
32:27
long ago. So this is where this is going
32:31
and we have to have an important conversation, it needs to be
32:35
said and needs to be had What world do we want to live in?
32:41
Do we want to live in a world with an open monetary Network or
32:45
do we want to live in a world where in an unelected bureaucrat
32:50
achille Tin Washington, d.c. play God, and get to dictate.
32:55
Who is entitled to use money and who is not entitled to use
32:59
money? I know what world I want to live
33:02
in. You have to ask yourself the
33:05
individual what worlds? You want to live it?
33:10
Opti, what's good? Well, first off, we talked about
33:14
this last night with Troy cross. Well, rather you did, and I
33:18
think by the end, we definitely were coming from both sides.
33:22
But agreed, that this is all about control and US Treasury
33:26
thinks they can control Bitcoin. And this is very obviously an
33:29
attack on bitcoin the protocol and now we have another attack
33:33
on Bitcoins privacy in general, and we've been saying it on the
33:38
show for a while, that They will be using these low hanging
33:41
fruit, excuses of money laundering.
33:43
The boogeyman of like China or Russia and a currency that they
33:48
can't control and how they have to ensure that, you know, the
33:52
safety of the citizen is protected.
33:54
But we just know that it's just such an easy, excuse, and
33:58
Niko's, and step to the idea. In my mind a while ago, it's
34:01
like we cannot underestimate our enemy as much as we like to be
34:06
naive in our thinking that. Oh, we just need to educate.
34:09
Them more. I think we can kind of get to
34:12
the point where we're understanding that.
34:14
A lot of the stuff we're saying is falling on deaf ears.
34:16
And while there is some people in Washington you know there are
34:20
some politicians that are starting to get it that want to
34:22
understand what is going on with Bitcoin and understand that they
34:25
don't want to shoot themselves in the foot because they can
34:28
definitely benefit with Bitcoin. It's becoming very obvious that
34:31
people, the bureaucrats out there, the high-level parasites,
34:34
as we like to call them. What is Nicolas?
34:36
The monetary demands are demons. It's becoming very Is that they
34:40
are completely terrified of Bitcoin and they're trying to do
34:43
whatever they can to shoot Bitcoin by the knees and try to
34:46
hamper the adoption of Bitcoin. But as I say all the time, You
34:50
Can't Ban yourself from Bitcoin. Or you can't ban Bitcoin, you
34:53
can only ban yourself from Bitcoin.
34:54
And anytime, I see stuff like this happened by Burek
34:58
bureaucracies, it just it, it's kind of a silver lining for me.
35:03
It just proves our Point as bitcoiners that we need Bitcoin,
35:06
even more in this world. Because the fact that these
35:09
authoritarian, Aryans are doing this to something that is a
35:13
peaceful Revolution like Bitcoin, that is just simply
35:15
Freedom money. It very obviously shows their
35:19
bias. It's like, why are we forced to
35:22
use again, to use Nico's questions?
35:24
Why are we being forced to use a money that is designed to lose
35:27
value when we have a better option?
35:29
That is Bitcoin. And if they can't answer this
35:32
question, then it's very obvious what their biases and it's just
35:35
because they want to completely control you and ensure that you
35:39
can't freely. Exactly people and you can't
35:41
convince me otherwise yeah they want to force you to use a money
35:47
that steals from you to benefit them, right?
35:50
And that's the Crux of the issue.
35:52
And that's, that's the question that they eventually.
35:56
They're going to have to answer. Anyways.
35:58
Alex, what are your thoughts on the dude?
36:00
You did toxic Airways, man, this should not come as a surprise to
36:05
you whatsoever. So I'm really looking forward to
36:07
what you have to say. Well, we should probably ban
36:10
water because North Korea tracker or North Korean hackers,
36:14
drink it. So it's pretty interesting to
36:18
see what's happening with etherium right now.
36:21
With all those blocks that are being censored in, some way that
36:28
attack Vector could be used in Bitcoin.
36:30
And, you know, when you're looking at how crazy of a
36:33
centralized mass ethereum is to see that they What was it?
36:40
61 percent. 59%. Okay?
36:44
Yeah, I mean there's a good chunk of a that is not being
36:49
censored right now and so that means that people are still, you
36:52
know, doing bad transactions or whatever you call it on etherium
36:57
even though it's a centralized disaster.
37:01
So, that's something that's actually kind of exciting, you
37:03
know, when you're looking at a tax on bitcoin, potentially in
37:06
the future. But yeah, I mean, when it comes
37:08
down to it, it's going to be interesting to see.
37:13
I think we're already seeing censorship in the sense of like,
37:16
if you've coin giant Bitcoin and you can't send it to certain
37:22
exchanges, I think stuff like that's actually really positive
37:26
and good because it, it challenges people to transact in
37:30
different ways outside of this system.
37:32
Like there's, there's really powerful Market forces at work
37:36
here and people are using Bitcoin for pretty compelling
37:39
reasons. It's not just like It's the cool
37:42
new internet coin that everybody at schools using.
37:45
So I'm using it to it's like I'm using this because one I need to
37:49
survive and to because I you know, believe in a bright future
37:54
outside of all this nonsense and when stuff like that happens,
37:59
you know, people respond accordingly and interesting
38:01
things happen. So I'm really excited about, you
38:04
know, individuals, creativity to work around these obstacles that
38:09
are put in place. I'm We excited about that.
38:13
Yeah, 100%. And I think that's something
38:15
that we've, you know, that's what we've been saying on this
38:18
show is, we need to innovate faster than they can regulate.
38:22
And, you know, things like stratum V2.
38:25
Where it, you know, that change in Bitcoin mining makes it.
38:29
So that the individual miners have the capacity to pick what
38:34
transactions are included in the blocks or not is going to
38:38
further decentralize thing. So it that and that's the key,
38:41
right? The key here and the only
38:43
cryptocurrency is going to be able to actually has a statute,
38:46
has a chance of separating money from state is Bitcoin because
38:50
it's decentralized. If it's not decentralized, it
38:52
will be inevitably be co-opted by governments, right?
38:56
And I think you hit the nail on the head, Alex, when you said
38:59
that. Yeah, man.
39:00
Look there is, I think it's the last time I saw 25% of the hash
39:05
rate is controlled by public minors specifically, the United
39:09
States. You don't think the ofac has
39:12
knocked on their doors. So, yeah, it's definitely
39:16
something to be, it's definitely something to be aware of.
39:19
And this is why it's so important, man.
39:21
It look, even if you're not even making money, perhaps just to
39:24
make a stand right, running an S9 at home, you know what?
39:29
It's going to cost you what, you know, couple bucks a month.
39:32
It's not going to be that bad, right?
39:34
Like man, but you are further helping the decentralization of
39:38
Bitcoin, right? If it's Decentralize it won't
39:41
stand a chance. You know?
39:43
Anyways. Final thoughts.
39:46
Yeah, I want to say something real quick, so there's a lot of
39:50
hate for the public companies but like going back to the
39:54
public mining companies, but going back to the importance of
39:57
Market forces. Like we saw what happened with
39:59
marathon when they tried to pull that nonsense with Center
40:04
censoring certain transactions. And so you know, what happens
40:08
when public companies do this, while they're going to get Get
40:10
demolish. Their start stock price is going
40:12
to get destroyed, you know, a certain point like especially
40:17
right now. If these public companies start
40:19
doing this there get their stocks are going to get delisted
40:22
and then they're not going to have access to Capital you know,
40:25
to continue buying minder, Miners and pain for power bills.
40:29
And so there there's some pretty powerful forces at here at work
40:33
here that ensure that good that you have to be.
40:40
You know, in lined with the incentives of Bitcoin to be
40:43
successful in this industry. So I think that's something it's
40:46
important to look at to, you know, I agree.
40:49
I think, I think Market forces are definitely playing in our
40:53
favor and just Bitcoin. That's where Bitcoin shines man,
40:57
you know. So I agree with the marathon and
41:00
how they walked it back because of the community backlash.
41:02
And that this is why also, I believe toxicities, important,
41:06
Bitcoin toxicity to be specific. But Who's to say they're not
41:12
doing it under the rug, you know, who's to say, they're not,
41:16
who's to say, they're not, they're not doing it when no
41:20
one's looking, right? So the backlash isn't there,
41:22
right? Anyways, just some thoughts for
41:24
you guys. Let's get to the culture.
41:26
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Alright guys, I also want to give a shout out to the Pacific
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42:35
All right, guys, well, we have our buddy Alex from Kaboom rack
42:39
so I figured we got a lot of questions about Kaboom racks and
42:43
and I love the company, I love Alex on the Twitter timeline.
42:48
He might be my favorite social media darling out there but I
42:52
got a few tweets here. The first one here, I think.
42:55
Let's I'm going to start off with the whole p.m. here are at
42:58
least your perspective is a little special. - but you
43:01
tweeted, I think this is the Asic bottom or very close to.
43:03
It could be wrong but I'm pretty convinced.
43:06
So maybe tell the people out there.
43:07
Why you think that this is the bottom of the the market prices
43:11
in a six and maybe why people should be getting into Bitcoin
43:15
mining right now? Yeah, I mean, I think it's the
43:18
bottom for the price of Asics, you know, primarily because
43:21
we're watching the manufacturer slow down production on some of
43:26
these models like the s19 S&M 30s and there's just, yeah, it
43:34
is pretty simple. But I mean, we little if the
43:37
prices are fantastic right now. Let's go.
43:40
You heard it here from someone? Yeah, that sells them.
43:43
So I'll kind of chime in on this too, because I experience the
43:50
experience, the the event that happened between 2017 2018,
43:56
right? And it was a bloodbath, and I'll
43:58
tell you this guy's Anybody anybody that got into mining
44:04
after the collapse of 2017 after we blew off the top, anybody who
44:08
got into mining 2018 2019 made a boatload of money.
44:12
The only key is survival, you have to survive, you're going to
44:16
have to endure the pain but anyone who did made a very very
44:21
very good decision. I regret not expand not going,
44:25
more aggressively and expanding and 2018, 2019.
44:29
And what I'm seeing is a very similar circumstance today,
44:33
where it's been a bloodbath, it's been catastrophic.
44:36
Asic prices. Through the s19 was selling at,
44:39
like nine to ten thousand dollars and, you know, a drop
44:42
down to there's like, 32, you know, the price is better than I
44:45
do Alex. And it dropped down, man.
44:47
It had a huge haircut. So if you want to get into
44:50
Bitcoin mining, if you're interested in getting into
44:52
Bitcoin, mining Now's the Time, you do not want to get into
44:55
Bitcoin mining when the the price is going parabolic.
44:59
Anyways, my Sense. I bought a nice 19 at 10
45:03
thousand dollars, fun fact, but I have to learn.
45:06
Yeah, I mean, I think a lot of people really got wrapped up in
45:11
the bull market, you know, and thought that Bitcoin was going
45:14
to, you know, infinity and we were in a super cycle and we're
45:18
building, you know, their minds around that and you know, I
45:23
definitely got caught up in those emotions and probably
45:25
didn't make the best decisions myself.
45:28
But like if you're building Go out right now and hard times
45:32
with the ability to be profitable and, you know,
45:36
thinking through the steps that way, you're probably going to be
45:39
a lot more successful long-term. But yeah, I remember having
45:41
conversations about how are we going to ship these miners if
45:45
they're 40 thousand dollars a piece?
45:47
Like that's where our heads were not that long ago.
45:51
So Yeah man. And a lot of people like just
45:55
fell into that Mania and but still guys don't be distracted
46:00
by the what was it? The the famous rough, the
46:04
Rothschild whatever quote it's like by when bloods on the
46:07
streets it's like you have to understand what mining is mining
46:10
Bitcoin. Mining is a leverage long,
46:11
right? So like obviously if you are
46:14
getting in, if you're buying a minor you know, in the bull
46:18
market, you're going to get absolutely wrecked the same
46:21
thing happened in 2017. This is it.
46:23
Or he's the history's repeating itself, but the biggest
46:26
opportunity presents itself when the crash happens.
46:30
And we haven't even seen a hash rate crash yet.
46:33
Last time in 2017, it took a year for the hash rate to
46:37
finally crash. Right.
46:39
So the hash rate kept going up, even after the blow off top in
46:42
2017, the hashtag didn't start coming back down until November
46:46
sorry. October 20 19.
46:49
I'm sorry 2018, right? So so yeah, man, but This is a
46:53
great opportunity for anyone who's a somewhat interested in
46:57
Bitcoin mining. Well, perfect segue.
47:01
I'm not you guys already covered it, but I had this tweet here
47:04
again. Alex is my favorite social media
47:06
darling, and he tweets on, Kaboom Rags.
47:08
Bitcoin mining. Let's see, trade Monopoly money
47:10
for electricity for Bitcoin. What a deal since you guys are
47:16
talking about this, I think this is a solid meme as well.
47:21
Alex was telling me this exact same Being at the mining
47:23
conference and to those in the Twitter spaces, this is a tweet
47:27
by Marshall long and he's quoting.
47:29
Kaboom xee own egos. Bitcoin mining is for masochist
47:33
and marched along goes. He's not wrong.
47:35
So Alex maybe explain why you guys can always say that Bitcoin
47:41
mining is for masochists and I think we kind of touched on a
47:43
little bit but I love when you go on your ramp.
47:45
So go on, I mean it's a really painful industry, it's really
47:50
hard. A lot of people fail.
47:53
I don't know. There's music in the background.
47:56
Yeah I mean you just got to be prepared.
47:58
I mean you're dealing with Hardware that there's no
48:00
documentation on that has, you know, failure rates that's
48:04
difficult to fix. You're just kind of wandering
48:08
around in the dark feeling around trying to make things
48:11
work with limited resources and you know to go into that type of
48:17
work. You gotta like pain.
48:20
So yeah, that's good. Beautiful.
48:24
That's a great answer. Okay, this next one I've kind of
48:27
been intercepted with this new meme of just calling not only
48:31
Bitcoin miners like data centers like mining Farms but also just
48:36
calling a six themselves like space heaters.
48:39
So I got this tweet that you guys retweeted is Kaboom racks.
48:42
The largest sellers space heaters.
48:44
You added PSA, electric heaters are scams Bitcoin, miners are
48:48
not and this last one by mr. Ha told you guys winter is
48:51
coming a 6 or cheap Keep just saying, so maybe for the people
48:56
out there that aren't aware of the second error, may be the
49:00
first order effects of a 6. How come you guys call them
49:03
space heaters? I mean, they produce a ton of
49:06
heat. We were doing we were doing
49:10
we're doing a deal on s9s right now. $125 each I heated my house
49:18
with s lines last year and I mean they're they're just really
49:22
not profitable. Most anywhere unless you have
49:25
insanely inexpensive electricity, but I think they're
49:29
one of the best ways to get that intro into mining to, you know,
49:34
learn how much your wife hates the sound of a Bitcoin, miners
49:37
to see how much heat of produce is to kind of figure out, you
49:40
know, watching your electric bill Spike as you're pulling a
49:44
constant load of electricity without having to go out and
49:48
spend a couple thousand dollars for a new machine.
49:50
And, you know, potentially do some electrical upgrades on Our
49:53
house. But yeah, I mean I mean I'm
49:56
going to be heating my house. This year with M 30s upgraded
50:01
from s9s because I want to earn a little bit more Revenue with
50:05
my home heating system. But do so with that I want to I
50:10
want to go back to that because that's fascinating.
50:12
So I live in Florida, most of the time and yeah, you don't
50:18
want the heat excited. Yeah.
50:19
Actually you want to vent out the heat?
50:21
Um, but How the hell do you deal with deal with the no?
50:25
He's bro. Like fine.
50:27
You heat your house but like They're really loud very loud
50:32
specially if you have a couple of them.
50:35
Yeah I mean if I didn't live with my wife then I wouldn't
50:38
care. I would deal with the noise and
50:39
be whatever but because I do I have to get creative stuff.
50:45
Yeah, I mean, so one of the articles that got me interested
50:50
in Bitcoin mining was mining for the streets by diverter no kyc
50:55
and he had a method where he put his S9 or a 17 and I forgot what
51:03
it was in like a 20 dollar Igloo cooler.
51:06
And I did that with us nines last year, you can't do that
51:11
with newer models. You have to get a little bit
51:13
more creative Upstream, They saw this thing called the black box.
51:18
They also, you know, which I think is more interesting.
51:23
Put out like a do-it-yourself black box that you can make.
51:26
So you just go to Lowe's, buy a bunch of stuff cut it up and
51:30
make a soundproof box and that helps mitigate the heat.
51:33
You know, the experiment I'm working on right now is buying
51:37
some different fans, so buying an inline fan and running it on
51:42
immersion firmware. So that It doesn't get fanners
51:48
when I'm running it on the M 30s and if I can't figure that with
51:51
them 30, I'm going to have to do it, that's 19, which is a little
51:54
bit, you know, easier with firmware.
51:56
But I've seen people do that on Twitter and there's there's a
51:59
bunch of great telegram groups out there.
52:02
Home mining Wizards is a great one.
52:04
If you want to get in there, ask questions, figure out how people
52:08
are heating their homes and ethically earning Bitcoin in the
52:11
process. So now why don't you tell
52:13
everybody about? The legendary Kaboom racks.
52:17
Telegram group, what's it for? What?
52:21
What keep trying over there. And Opti is a genius.
52:26
Oh yeah. We just post what we got and our
52:28
inventory. So if you want to by miners,
52:30
that's the best way to stay updated with what we have in
52:34
stock is our telegram Marketplace.
52:38
If you are horribly opposed to using telegram I'm happy to sell
52:44
you Bitcoin miners. On Twitter and she'll our deals
52:47
there. But yeah, our Marketplace best
52:49
place to see what we got. What, and what's the name for
52:52
it? So people listening in the space
52:53
can find it. You know it now just look up.
52:57
Kaboom racks on Kabir Max Marketplace on Telegram.
53:03
Beautiful. Yeah, so also you guys could you
53:10
guys are also really easy to communicate with.
53:12
So for example, like, if you don't also have to go to the
53:15
telegram group, you could hit up, Nick, you could head up
53:17
yourself. You can hit up a lot of the
53:19
Kaboom guy, guys. Directly.
53:21
Is that correct? Yep.
53:24
Yeah, so when you go in the marketplace, will have my name
53:26
and I'll have Roberts name and then next name and you can hit
53:29
us up and what you could do depending on Who's available,
53:35
you could hit all three of us up at the same time and see who
53:38
responds, first, awesome. And for our audio listeners
53:42
before we get onto the meme Review, Guys, the link to the
53:46
telegram group is w-w-w dot T, dot me slash Kaboom racks.
53:52
And that's how you get to the Kaboom racks Marketplace and you
53:56
can buy yourself a freaking a good price.
53:59
A sick, man, the you guys have some of the best prices.
54:02
So, Anyways, we got to me before we go to the memes.
54:05
It had brought this tweet up here because I remember
54:09
something Alex told me at the mining conference.
54:12
And I really I really think that this is just an awesome outlook
54:16
on a company ethos and you can see right here.
54:18
It's a tweet says that Kaboom racks.
54:20
We really value customer success and this is Alex telling me the
54:24
same thing in public. You said we actively tell
54:26
customers not to buy equipment from us.
54:28
If we do, not think they will be successful and to add on what
54:31
you told me. And I think This is like
54:33
complete sauce and signal that, I think more companies should
54:36
should have the same. Ethos, you basically told me,
54:38
it's like, look as a Bitcoin mining company.
54:41
We're not just trying to sell you a product.
54:44
One time, we want to build relationships with you for 10
54:47
years down the line. So I don't know if you want to
54:49
add more on that Alex, but I think that that's just an
54:52
awesome low time. Preference view of building a
54:54
company. Yeah, I mean it's it's just the
54:58
reality of the space of like we were going to be successful as a
55:02
company. If we have customers that buy
55:04
from us for the next hundred years, like I want to sell
55:08
Bitcoin miners to you, your kids and your grandkids and for that
55:13
to happen, you have to be successful.
55:15
If I sell you a quipment and you're in a bad situation and
55:18
you go and fail, you're probably going to, you know, pound your
55:20
fist on the, on the punch, the Asic hurt your hand.
55:25
And then never mind Bitcoin again.
55:27
You know, that's not nice, not a good situation so yeah, Nick was
55:31
bragging to me about, we had a booth at the mining conference
55:34
and he was bragging about how many customers he told not to
55:37
buy Bitcoin miners. It's a I mean it's something
55:41
that happens periodically. You know, we're somebody, you
55:43
know, hits me up. I'm not always interrogating,
55:46
you know individuals I'm like what their situation is but
55:50
somebody might come to me is like hey here's my situation.
55:54
I live in Alabama. I have 20 cent power.
55:57
Does it make sense for me to mind?
55:58
And I'll say, no doesn't make sense.
56:01
Says it all like, please do not buy Bitcoin Miners.
56:03
And I think that's the, you know, that's the tragedy of it
56:07
for. I don't know what other word,
56:08
because I've told that to so many people and what my
56:12
experience is that they don't, they just don't listen, they buy
56:15
it anyways. But like, if you are curious and
56:19
you do want to scratch your itch, just buying S9, not going
56:24
to, you know, it's not going to make you.
56:26
In fact, you'll probably lose money on it, but you will learn
56:29
a side of Bitcoin that most people don't know about the
56:33
infrastructure side of Bitcoin, and you'll get a deeper
56:36
appreciation of Mining and you'll know, right?
56:38
Then and there whether you have that itch and whether you want
56:42
to do more and yeah and now you have a good place to buy your
56:47
miners tax. The daily meme review, brought
56:54
to you by Cipher safe, don't be that person that loses their
56:58
Bitcoin seed. Due to fire damage water damage
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check out their new Bitcoin art the Bitcoin rulebooks triangle
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only on Cipher safe dot IO. All right, boys and girls will
57:22
mainly boys out there. You already know tweets are the
57:27
bullets and memes are the artillery in this information
57:30
War. As I like to call it this Miss
57:32
information War because as you guys can tell, and we've been
57:36
covering for a while, we are definitely in the then they
57:39
fight you stage and we need to continue to get these calls of
57:41
action out there. We need to continue to propagate
57:44
the truth. We need to continue to push
57:47
these feel-good narrative, so that people understand that
57:49
Bitcoin is the life. Aft or as I have here in the
57:53
first meeting by at Southbank Bitcoin, is your life Bou and
57:57
it's a little orange submarine with the Bitcoin logo on it and
57:59
it says stack. Yes, guys.
58:01
Bitcoin is essentially Noah's Ark and we'll protect you.
58:05
This. Next one is by at McShane,
58:07
shout-out to a McShane underscore rights on Twitter.
58:10
And I really like this because the only Bitcoin chart you need
58:14
and it's a, you know, on the left side of the chart, we got
58:18
the dollar and Bitcoin, it's got no Was it?
58:22
No, no y-axis here but I'm pretty sure this is price and
58:25
then we have time and the dollar price is going to zero over time
58:30
and the Bitcoin price is going up.
58:33
Number goes up and to the right Infinity divided by 21 million.
58:37
This is all you need to know guys as long as blocks are
58:40
coming in Bitcoin. Is winning this next one.
58:43
I think it's very fitting. Considering we have the Kaboom
58:46
acts guys on here and it's by BTC Gandalf.
58:48
And it goes change the code camp.
58:51
There's doing research needs looking at the book how to
58:54
change Bitcoin to proof of stake.
58:56
And then he opens the book and it's you can't and he's just
58:58
filled with tears. Yes, guys.
59:00
You cannot change the code, amazing feature.
59:03
Not a bug. This next one.
59:05
I know, I know all of you have felt this one.
59:07
At least, if you're been around for a psycho or so, in Bitcoin
59:11
it, this happens every single time and if you're new to
59:14
bitcoin is the first cycle, I'm almost positive.
59:17
You will go through the same thing.
59:18
This is Mississippi, ha told me and he goes, it's It's a what a
59:22
monkey a big old ape and it's bitcoin price 68,000 plus two
59:26
hundred thirty percent and the guy goes, I wish I bought
59:29
earlier and then you got down here on the bottom the same ape
59:33
going at 20K Bitcoin down 68% it is a scam, it is going to 0, I
59:38
don't know how many times I've experienced this with friends.
59:42
It doesn't fail every time the price goes up.
59:44
They always say the same thing. I wish I bought and every time
59:47
the price goes down, they say, oh, I'm gonna buy it lower and
59:50
they never buy. This next one, shouts out there.
59:52
A validator. I thought this was funny.
59:54
It's not necessarily a meme but we got the Michael sailor.
59:58
Hold on. We got we got that the famous
1:00:03
video of him where it goes. He goes all Interstellar and we
1:00:07
got the quote on top of are you winning sun?
1:00:10
And it's some dude laying in a I don't even know modify what is
1:00:14
that? What is that?
1:00:17
You can continue to watch? Michael sailor, say And this
1:00:21
last one, I felt this one right here by memeing Bitcoin.
1:00:25
And this is Lord of the Rings Meme and its Frodo on top.
1:00:29
And it goes, what are we holding on to Sam?
1:00:31
And we got Sam with the Bitcoin logo and he says, there's some
1:00:34
good in this world. Mr. Frodo.
1:00:36
And we're fighting for this one. I even got chills re saying this
1:00:41
to you guys, because I really believe that we are.
1:00:45
We doing something very honorable pushing Bitcoin as, as
1:00:49
I have over here to another another Quote by Kaboom racks,
1:00:53
the best social media timeline. And goes, if you're mining,
1:00:57
you're contributing to something incredibly important.
1:00:59
Fixing the money is no trivial issue.
1:01:01
And neither is securing the network.
1:01:02
Doing that guys. Remember we are winning out
1:01:07
there in this information, more Bitcoin continues to win the
1:01:09
incentives of Bitcoin continue to win.
1:01:11
And we just got to ensure that people understand that the
1:01:15
solution is here, and it is Bitcoin.
1:01:16
And I really like that Frodo meme, that Lord of the Rings me,
1:01:19
because because I felt it. It.
1:01:21
Wait wait wait wait wait wait. Wait guys.
1:01:23
This isn't the Bitcoin live, put your score, put your score in
1:01:27
the live chat make Opti and I feel uncomfortable we will read
1:01:31
it on the show live and cue the Music epic.
1:01:35
All right, Opti, what would you give those memes?
1:01:37
Okay, well I am running out of gadgets over here guys, but I
1:01:42
have this USB and I think micro USB cable, you know, I'm pulling
1:01:49
out the gadgets out here. You guys so I don't even know
1:01:53
where I got it, but hey, I have it on my desk.
1:01:56
Very nice. All right, I'm gonna give those
1:01:58
memes. A dirty sock.
1:02:03
That's right. Dirty sock.
1:02:05
All right. Alex from Kaboom racks day and
1:02:07
that means for that. Bad jeez.
1:02:10
I have that Captain Rex shirt and prove her right here.
1:02:13
And so I have this like super mediocre brains whole shirt.
1:02:18
And so you know what you do is you take it fired.
1:02:29
If you know, you know whenever you see the Kaboom racks guys
1:02:32
you are Going to get tagged up with caboose stickers.
1:02:36
I have one on my luggage I have one of my luggage anyways guys.
1:02:46
All right guys, please put your scores in the live chat and we
1:02:50
will get to them. Shout out yellow, thanks for
1:02:52
making an appearance. Brandon says, I give those memes
1:02:55
a 1.21 gigawatts mining Farm jigga jigga.
1:03:00
I like that spelling. Interesting.
1:03:01
All right, Michael Moore. Listen, I give those memes, Amy
1:03:04
wife in law two-and-a-half joint account, I mean, multisig.
1:03:09
Wow. Okay, Michael very nice info
1:03:13
apocalypse. I give I give I love the yellow
1:03:16
spelling memes this. My Jet Boy titanium Spork.
1:03:21
All right, next one. Don't stop.
1:03:25
How to do that, feeling Global nonsense.
1:03:28
As I give those memes a bank of England nft.
1:03:31
All right, next one up T. And I've neglected here
1:03:36
locations face scores to ear spacers and one thick,
1:03:40
black-rimmed glasses. Oh confirmed, all comfirmed.
1:03:45
Oh man, oh man, oh man. Alright see logic, I give those
1:03:48
memes a nuclear-powered. Bitcoin miner in space, hi Max
1:03:55
Trotter I give those memes a weft, puppet and teleprompter,
1:03:59
very nice, very nice, very nice. All right.
1:04:01
Diaw Janice by the way, shout out to genus.
1:04:03
He is making a new intro for us. I'm so excited.
1:04:07
I just got it. I'm going to edit.
1:04:08
I'm going to edit this week. It looks freaking epic.
1:04:12
Anyways, the origin is says I give those memes Tucson.
1:04:15
Nice rack toxic Airwaves for Life.
1:04:17
Yeah. Yeah whoops very nice.
1:04:20
Very nice. Alright next we're running out
1:04:22
of time but there's a few morning.
1:04:24
I give those memes, 10,000, sat carrot code, Y3, 3uy ap7, all
1:04:30
right? Someone's getting 10,000 Subs if
1:04:32
you put in that code a carrot. Yeah.
1:04:37
All right Igor, I give those memes a Darth coin guide.
1:04:41
Yes, guys. By the way, I pinned it in.
1:04:43
Oh this is a perfect transition Opti, one more from Andres I
1:04:48
give those memes one of those honey bear bottles.
1:04:51
Anyways guys, speaking of Darth Coins guide, you could find it
1:04:55
on simply Bitcoins telegram group, Darth coin is a mod, he's
1:04:58
a pleb mod. We pinned his Guide to the top.
1:05:01
Darth Maul, Darth coin has some Awesome writing.
1:05:04
Go check it out. Only on wwe.com.
1:05:08
I / the simply Bitcoin channel. It's simply Bitcoins telegram
1:05:11
group. It's absolutely free cost.
1:05:12
You nothing. Join it.
1:05:14
Anyways. Also check out Simply Bitcoin.
1:05:16
Unfiltered. Check out our awesome writers.
1:05:17
Zach Ruston, Paul wine, a kiss. It's the written version of
1:05:23
Simply Bitcoin, definitely. Don't want to miss it, go to
1:05:26
www.simpleandsensational.com news.
1:05:30
Anyways, I also want to give a very special shout-out.
1:05:32
No, no. I have to show the audio.
1:05:34
No Opti, that's your job. Oh yeah.
1:05:37
Oh yeah, guys. Check us out in audio form.
1:05:40
We are on anchor. We are on Spotify.
1:05:42
We're on Apple podcast. I think we're all like, every
1:05:44
podcast app, you probably have, but we are also on Fountain.
1:05:49
We are part of the valley for Valley economy.
1:05:50
I still don't have the I haven't signed in yet, guys.
1:05:54
Forgive me. I Well, I'm imagining over here,
1:05:59
dude. I'm running thin air over here.
1:06:02
You guys. Thank you for clipping us.
1:06:05
Thank you for sending us ads. We appreciate it.
1:06:08
Well I'll get your comments on the show soon.
1:06:10
Bear with me. Bear with us bear with us.
1:06:12
True guys. This is very difficult doing
1:06:14
this every day. Anyways I also want to give a
1:06:17
very special shout-out to our awesome guest.
1:06:20
He is from Kaboom racks one of the best places to buy Bitcoin
1:06:26
by Miners, definitely, go check out their telegram group.
1:06:28
Go to www.ah.mil me /. Kaboom racks, Alex.
1:06:32
Thank you for joining us on the show.
1:06:34
Where can people find you on social media?
1:06:37
Find me on telegram. I just made an awesome sticker
1:06:40
pack so you should check it out. I'm Kaboom racks.
1:06:42
Alex on telegram. I'm also on Twitter.
1:06:45
My usernames Kaboom racks. I looked awesome.
1:06:49
Thanks for joining us today. I'm going to put you back stage
1:06:51
for a second. Alright guys that was another
1:06:52
episode of Simply Bitcoin. If you like to show you what to
1:06:54
do, smash that like button if you Feel like this content
1:06:58
provided you value, consider subscribing.
1:07:00
And the number one thing you could do to push this peaceful
1:07:04
Revolution. Forward is share the video, get
1:07:07
the signal out there. We love you all and we will see
1:07:10
you tomorrow for another episode of Simply Bitcoin.
1:07:27
Which one's the best crypto asset will Bitcoins the best
1:07:30
crypto as okay, what's the second best?
1:07:32
There is no second best.