Latest / Simply Bitcoin / CZ vs Bitcoin | EP 873

Transcript

CZ vs Bitcoin | EP 873 · Simply Bitcoin

• 0:14
  It's all going to zero against Bitcoin.
• 0:18
  It's going up forever, Warren. You're against Bitcoin.
• 0:28
  You're against freedom. Good morning everybody.
• 0:33
  We are back. Today is Wednesday, November
• 0:34
  22nd in the year 2023 and big, big news.
• 0:39
  Binance is hit with the largest settlement in history at $4.3
• 0:43
  billion after a three-year investigation and they admitting
• 0:48
  wrongdoing. And I think the most surprising
• 0:51
  part about this is CZ stepping down as part of the agreement.
• 0:55
  We will get in all of that stuff.
• 0:57
  Very interesting stuff when you get through the nitty gritty of
• 1:00
  what's going on about what the DOJ, the Department of of
• 1:04
  Treasury is saying. Interesting that CZ is able to
• 1:08
  retain majority ownership of Finance.
• 1:11
  That although he won't be able to, you know, be an executive
• 1:15
  leader of finance, he can't come back after three years.
• 1:18
  So he'll be hanging out in the shadows, you know?
• 1:21
  But I think if you only celebrate CZ getting technically
• 1:28
  fired from Binance, or rather stepping down from Binance and
• 1:32
  Binance getting hit with a huge fine, you are just playing
• 1:36
  checkers guys. The 5D chess move is
• 1:39
  understanding that this is continuing to set a precedent, A
• 1:43
  precedent for the DOJ and the US Treasury to come after Bitcoin
• 1:48
  and self custody in general. We've seen this happen all year
• 1:51
  long. We've been covering this for you
• 1:52
  guys constantly on the show. The first shot over the bow was
• 1:58
  the tornado cash them them arresting a developer for
• 2:01
  tornado cash, of course attacking privacy.
• 2:04
  The next one was Fin Cen proposing new regulations, or
• 2:09
  rather you know, new new obligations for financial
• 2:13
  custodians out there for banking partners.
• 2:16
  And of course they use the washing the washing, Wall Street
• 2:19
  Journal fake news article about Hamas.
• 2:21
  We will get all that covered on today.
• 2:24
  And I've been saying this for the show all year long, ever
• 2:27
  since we first saw the politicians come out attacking
• 2:30
  Bitcoin. You know my favorite politicians
• 2:32
  out there, Brad Sherman and Elizabeth Warren, They
• 2:34
  constantly used the low hanging fruit examples of money
• 2:38
  laundering, financial terrorism. And if you guys watched the
• 2:43
  press release by the government, by the DOJ, the CFTC, the US
• 2:48
  Department of Treasury, I couldn't even count how many
• 2:51
  times they mentioned financial terrorism, national security, a
• 2:58
  threat to the system. And so do not just latch on to
• 3:03
  the fact that as a Bitcoin only company, Bitcoin only maxi's out
• 3:08
  there that yes, another shit corner is wrecked.
• 3:11
  But this is just setting the groundwork for them to come.
• 3:15
  After all Bitcoin companies, all of you guys self custom your
• 3:19
  Bitcoin and really you know, kind of a little more
• 3:21
  conspiratorial, probably clearing way for a Bitcoin ETF.
• 3:27
  The professionals out there have to clear way of the amateurs so
• 3:30
  that they can maintain their regulatory Moat.
• 3:33
  And this is all on the backs of a fake news article by Wall
• 3:38
  Street Journal. They, as the saying goes, will
• 3:41
  not let an opportunity, a crisis to go UN wasted.
• 3:45
  So we've seen the creep of institutions and they are
• 3:49
  continuing to creep and trample on our liberties, on our
• 3:53
  freedom, on our freedom to transact, on our first, second,
• 3:57
  4th Amendment rights. This is constantly going to play
• 4:00
  out moving forward and forward. But the silver lining as
• 4:03
  bitcoiners is we are winning. They are scared and you just
• 4:08
  love to see it. I say it all the time, can't ban
• 4:10
  Bitcoin. You can only ban yourself from
• 4:11
  Bitcoin. And anytime a government comes
• 4:13
  after Bitcoin, tries to ban Bitcoin, tries to control
• 4:16
  Bitcoin. It just goes to show why we need
• 4:19
  Bitcoin in the 1st place anyways.
• 4:21
  Well, welcome to simply Bitcoin. We are your number one source
• 4:24
  for the peaceful Bitcoin revolution.
• 4:25
  We cover breaking news, culture and mimetic warfare.
• 4:27
  We bring on bitcoins from all around the world, from the
• 4:30
  biggest names to the everyday bitcoiner.
• 4:33
  We got them all and we will be your guide through the
• 4:36
  separation of money and state. All right guys, well as you can
• 4:39
  tell I am hosting this. But I am not alone.
• 4:42
  We got a very very special and 1st Co host, guest, guest, more
• 4:48
  Co host and guest. She is a part of simply Bitcoin
• 4:51
  Internet selfie, Nico's baby Mama.
• 4:54
  Also content creator for us. So I I, I teamed this culture up
• 4:59
  specifically for Sophie because I I know maybe not every one of
• 5:03
  you guys is out there watching the shorts that we put out on
• 5:06
  YouTube. But Sophie's been on the ground,
• 5:09
  on the street level talking with normies.
• 5:12
  I know, I know. We don't talk with normies
• 5:14
  anymore. We don't talk with the average
• 5:15
  person anymore. We're we're we're a little
• 5:17
  detached from what a normal person thinks about Bitcoin
• 5:20
  thinks about us. But Sophie's been doing these
• 5:23
  St. interviews. So I got a few of them here.
• 5:25
  And then I'm just gonna pick Sophie's brain and you know,
• 5:29
  just ask you, Soph, what's the normal person think about us?
• 5:33
  But let's save that for later. How are you doing today?
• 5:36
  Yo, what is up? I'm so happy to be here.
• 5:39
  I've been wanting to do this for a long time.
• 5:42
  I'm so excited and today's a really big Newsday, so let's get
• 5:46
  into it. Let's go.
• 5:48
  Yes, as everyone knows, there needs to be more women in
• 5:51
  Bitcoin while selfie is on the front lines.
• 5:53
  And the last time you were on here, I think I was on a plane
• 5:56
  and I think you almost beat me out in a poll that that you
• 5:59
  should take my my spot here. No, don't worry, you still have
• 6:03
  a lot of loyal followers. All of your fans got your back,
• 6:07
  and I love that. I think that loyalty is the most
• 6:11
  valuable trait in people. So you know what?
• 6:14
  Like, I'm glad that people still voted you in well.
• 6:18
  That's why you still have a job, Opti.
• 6:20
  Oh my goodness. I bring a special, very special
• 6:24
  vibe to the show. Some might say a highly regarded
• 6:28
  vibe to the show and. I bring.
• 6:30
  I bring The xx chromosomes. All right, all right.
• 6:34
  Before we let this derail too much, let's get into the
• 6:37
  numbers, guys. Nico, what did you do?
• 6:42
  The Bitcoin numbers. Is your Bitcoin and cold storage
• 6:46
  really secure? Is your seed phrase really
• 6:49
  secure? Stamp seeds?
• 6:51
  Do it yourself. Kit has everything you need to
• 6:53
  hammer your seed words into commercial grade titanium plates
• 6:58
  instead of just writing them on paper.
• 7:00
  Don't store your generational wealth on paper.
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  Papers prone to water damage. Fire damage.
• 7:06
  You want to put your generational wealth on one of
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  the strongest metals on planet earth, Titanium.
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  Your words are actually stamped into this metal plate with this
• 7:15
  hammer and these letter stamps. And once your words are in, they
• 7:18
  aren't going anywhere. No risk of the plate breaking
• 7:21
  apart and pieces falling everywhere.
• 7:24
  Titanium stamp seeds will survive nearly triple the heat
• 7:27
  produced by a house fire. They're also crush proof,
• 7:30
  waterproof, non corrosive, and time proof.
• 7:32
  All things that paper is. Not allowing you to huddle your
• 7:35
  Bitcoin with Peace of Mind for the long haul.
• 7:38
  Stamp your seed on Stamp Seed. Let's go guys.
• 7:43
  We made it easier for you guys. Scan the QR code actually.
• 7:45
  Actually, before I forget, Stamp Seed is doing Black Friday Deals
• 7:50
  as we speak. Was trying to find the exact
• 7:53
  discount, but you don't need a promo code.
• 7:56
  Just go to their website. If you've been thinking about
• 7:58
  getting yourself a stamp seed kit, go to their website now.
• 8:02
  It will be going on until November 24th and you get a
• 8:06
  discount. You don't need a promo code,
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  just go on. Everything is discounted until
• 8:10
  Black Friday, so if you've been on the fence for this, get
• 8:13
  yourself one at least by Friday. This is the cheapest it's going
• 8:16
  to be guys. So anyways, let's get into the
• 8:19
  numbers. Of course I am over here on
• 8:22
  Clark Moody's dashboard and starting with my favorite
• 8:25
  number, the block height Tick tock next block.
• 8:27
  It's almost like Bitcoin works. It's almost like Bitcoin's
• 8:29
  unstoppable. We are at block height of
• 8:31
  817,982. The Bitcoin price is currently
• 8:35
  $36,555.00. The stats per dollar AKA the
• 8:40
  Moscow time, AKA how much your Fiat dollar is worth in Bitcoin
• 8:43
  AKA how much Bitcoin you can buy for a single dollar is currently
• 8:46
  at 2736 SAT's. Or for the bit Maxis in the
• 8:50
  chat, 270 or yeah, 273 bits. I'm already getting confused.
• 8:54
  Anyways, the total percentage of Bitcoin that will ever be issued
• 8:58
  is currently at 93.09%. The market cap of Bitcoin in
• 9:02
  Fiat terms is $714.6 billion and Bitcoin realized monetary
• 9:08
  inflation taking Fiat currencies to school at 1.75% which will
• 9:12
  get cut down in April of 20 of, yeah, April 20th.
• 9:17
  As of now 2024, it's going to be the hardest currency in the
• 9:21
  world coming up in a few months. The Bitcoin versus gold market
• 9:24
  cap is 5.35%. The total public lightning
• 9:28
  capacity is 5369.34 BTC. The hash rate the last 90 days
• 9:34
  is 431.8. EXA hashes the pending fees.
• 9:38
  Oh man the pending fees currently at 21.65 BTC.
• 9:43
  So hopefully guys, when the mempools start to clear out a
• 9:46
  little bit, you guys are consolidating your Bitcoin and
• 9:49
  you guys are not going to wait until the bull run because I
• 9:51
  think this is just a snapshot of what we are going to see moving
• 9:55
  into the future. Block space is limited and
• 9:58
  people will want to get the transactions and right now I
• 10:02
  think it's a little artificially bloated considering all these
• 10:04
  ordinal stuff, but it has a totally different conversation.
• 10:07
  Anyways, the blocks to having having 22,000 and 18 and again,
• 10:12
  as of now, we are going to hit the meme number of April 20th,
• 10:16
  2024. That would be absolutely
• 10:18
  beautiful to hit that meme number because meme is life and
• 10:22
  life is memes. All right guys.
• 10:25
  So before we get into the news, I think it is very, very
• 10:30
  important to not only give context to everything going on
• 10:33
  in the world. We've been we've been talking
• 10:34
  about this constantly on the show that the politicians, the
• 10:38
  bureaucrats, the central bankers, they would love to stop
• 10:41
  Bitcoin. They continue to gaslight the
• 10:44
  Bitcoin narrative, the the Bitcoin message.
• 10:47
  They always pinpoint different reasons for Bitcoin or crypto
• 10:50
  currencies that are totally missing the mark.
• 10:53
  And I would argue that this is by design, because if they
• 10:57
  really hit on the fundamental issue here, it is that inflation
• 11:01
  is getting out of control, that there is a small cabal of people
• 11:05
  in control of the money supply. They are.
• 11:07
  They're printing our savings away.
• 11:09
  They're debasing currencies all around the world.
• 11:12
  The financial system is having trouble and they would like us
• 11:16
  to believe that you can control a complex system such as the
• 11:20
  economy. Well, considering that our news
• 11:24
  is going to be very Elizabeth Warren centric, I thought it was
• 11:28
  a good idea to play this video here and you can see this Nico
• 11:31
  posted this this morning and I love the context, Here it goes.
• 11:34
  The problem that Bitcoin solves is protecting individuals from
• 11:37
  currency debasement. Senator Warren, I bet you don't
• 11:40
  have the answer to that. Well, in this video Elizabeth
• 11:45
  Warren directly talks about CBDC's.
• 11:48
  As you guys know CBDC stands for central bank digital currencies,
• 11:51
  but really it stands for central bank digital control mechanisms.
• 11:55
  And she does her best to gaslight the normie into
• 12:00
  believing that there is no reason for Bitcoin.
• 12:03
  And the goal of this show is constantly to show the hypocrisy
• 12:08
  and to show the real signal. The real reason why we want
• 12:12
  Bitcoin is so that they cannot steal our wealth, so that we
• 12:15
  have a censorship resistant money, a digital money for the
• 12:18
  digital world, something that is hard capped, that these
• 12:21
  politicians, central bankers, bureaucrats cannot just print
• 12:25
  into Infinity, destroy our purchasing power because we know
• 12:29
  no they have to keep printing to keep the game going.
• 12:33
  Well, let's listen to Elizabeth Warren and let's see her try to
• 12:36
  answer this question. That banks do wrong.
• 12:41
  If you think we could improve that in a digital world, the
• 12:46
  answer's sure you could. But in that case, let's do a
• 12:49
  central bank digital currency. Are you there?
• 12:51
  Oh, for a central bank digital currency, Yes, I think it's time
• 12:55
  for us to. So essentially because we're,
• 12:57
  you know, The thing is when you look at every piece of paper
• 13:00
  currency, we issue not with coins, but every paper currency
• 13:03
  has its own identity. So essentially we're prepared
• 13:06
  for the blockchain now with with currency, should that be how we
• 13:10
  build this? So I think of it as again,
• 13:14
  what's the problem you're trying to solve and if the problem
• 13:17
  you're trying to solve. Is fast, almost frictionless
• 13:22
  ability to send money across the country.
• 13:26
  Do it rapidly send it around the world.
• 13:28
  Be able to send it to your cousins in Argentina if that's
• 13:33
  what you're trying to solve. A central bank digital currency
• 13:35
  does that, and you don't really need a stable coin for that.
• 13:39
  You've already got a dollar denominated.
• 13:42
  You don't really need a Bitcoin to be able to get.
• 13:44
  So then the question becomes. So what is it that the Bitcoin?
• 13:48
  What problem is it solving for? And now we get into a very
• 13:52
  different space. Oh my goodness, Elizabeth
• 14:00
  Warren. Does it not solve the same exact
• 14:03
  problem that she's describing? It's like as if she's pretending
• 14:07
  that Bitcoin doesn't do this. It's like as if she's pretending
• 14:11
  that Bitcoin doesn't do this and more because you can't just
• 14:14
  print more Bitcoin. Yeah.
• 14:17
  And and really like it's funny how she keeps, oh, not only her,
• 14:21
  but it's funny how anyone that constantly talks spat against
• 14:27
  Bitcoin first and foremost, they always say Bitcoin instead of
• 14:30
  crypto. When they, when they talk about
• 14:31
  Bitcoin in general, they always use crypto.
• 14:34
  When they talk about Bitcoin as a negative, they always use
• 14:37
  Bitcoin. But I mean what she, what was
• 14:39
  she saying? You know, frictionless payments.
• 14:41
  Yes, this is all we're doing here.
• 14:43
  All we care about is digital payments.
• 14:44
  It's like no, the problem that Bitcoin solved.
• 14:47
  And and let me pull up Niko's tweet again because of course we
• 14:50
  we don't miss an opportunity to dunk on Elizabeth Warren here.
• 14:55
  The problem that Bitcoin solves is protecting individuals from
• 14:58
  currency to basement center Warren.
• 14:59
  And it's funny that they never touch on the inflation problem.
• 15:03
  They always talk about interoperability, you know, oh
• 15:07
  you can pay your your cousin in Argentina.
• 15:10
  Yeah the little little dude. Does she mention the fact that
• 15:13
  in Argentina's inflation rate is, what, 140% plus right now?
• 15:17
  She talked about stable coins. We know how much people enjoy
• 15:21
  stable coins because they are seemingly stable until they
• 15:23
  aren't. It's because we are just so
• 15:26
  enthralled in the Fiat world. We we are so entrenched with the
• 15:29
  idea that $1.00 equals $1.00 when in actuality what we're
• 15:33
  doing here is we want to hold something that cannot be debased
• 15:36
  by these people that is outside of their control, so that they
• 15:39
  cannot continue to fund all the crazy stuff they they want to
• 15:42
  fund that they literally print money out of thin airs to
• 15:45
  continue to do. And it's just ironic, or rather
• 15:49
  hilarious that Elizabeth Warren doesn't touch on the fundamental
• 15:52
  problem. She always reframes the
• 15:54
  conversation into something that is not even why we're doing
• 15:57
  here. Like literally guys, everyone in
• 15:59
  the chat here for the most part could get on Zelle or Venmo or
• 16:02
  Cash app or what? At PayPal we all could have
• 16:06
  frictionless digital payments. But I find it hilarious that she
• 16:09
  not only touched on CBDC's, but she says we don't even need
• 16:13
  Bitcoin. Just trust us bro, we know what
• 16:15
  we're going to do here. Like we got your best interest
• 16:17
  in mind. A CBDC will solve all your
• 16:19
  problems and it just goes to show that this is the framing
• 16:24
  that they will be using moving forward.
• 16:25
  They're going to try to gaslight as many people as possible.
• 16:28
  They're going to try to scare people out of Bitcoin, which
• 16:31
  we're going to show in the news what they're doing.
• 16:34
  But it's just it's absolutely hilarious that Elizabeth Warren
• 16:37
  doesn't like Bitcoin, but what does she like?
• 16:40
  Oh, she likes ACBDC, Like you couldn't make this stuff up.
• 16:43
  These are the people that these are your betters, quote, UN
• 16:46
  quote, that know what's best for you.
• 16:48
  It's oh man, it's it's absolutely incredible that that
• 16:51
  this is where we are on the story.
• 16:52
  Anyways, Sophie, you have any other thoughts on this?
• 16:55
  Well, what I want to know is what the government is going to
• 16:59
  do and what Elizabeth Warren is going to say when they do create
• 17:03
  a CDBC. And ultimately they'll have to
• 17:05
  be a lot more transparent about the times that they print money
• 17:09
  because everybody will be able to see it.
• 17:12
  It's not like they can just, you know, do it and then all of a
• 17:15
  sudden it pops up on some obscure chart.
• 17:18
  It's like no, as you're buying the CDBC on whatever exchange or
• 17:21
  whatever platform on Fed now. You're going to be able to see
• 17:25
  that the market cap is just increasing and increasing and
• 17:28
  increasing and that your value the your the the value of your
• 17:33
  money is just going down and down and down.
• 17:36
  Bitcoin doesn't do that. You will never see bitcoins.
• 17:41
  Bitcoins supply increase unlike with a CDBC, and furthermore
• 17:46
  they're going to be able to control how much you spend on
• 17:51
  certain things. Say that they.
• 17:54
  Say that they pass certain laws on, you know, how much you can
• 17:58
  spend on gas. If they in the future, they
• 18:01
  won't do this now, but little by little they'll start incepting
• 18:04
  the public and telling them, oh, like maybe, you know, we we're
• 18:07
  going to put a cap on gas. So the amount of CDBCS that you
• 18:12
  can spend on gas this month has been limited, and you no longer
• 18:17
  have free reign to spend on whatever you want.
• 18:21
  That is, the danger of CDB CS is that they'll be able to not only
• 18:25
  see what you spend, but control how much you're able to spend.
• 18:29
  And that is very, very dangerous.
• 18:31
  Yeah. And I mean like pushing back a
• 18:34
  little bit on what you said. So they, they will not open
• 18:37
  source their CBDC that that won't be free flowing
• 18:40
  information because of course it's always rules for thee but
• 18:43
  not for thee. Or rules for, yeah, rules for
• 18:45
  thee, but not for me. And they will just make sure
• 18:48
  that you don't peek behind the veil, because you know the
• 18:52
  wizard, the Wizard of Elizabeth Warren knows best.
• 18:56
  So here we are. We know what they want to do.
• 18:59
  They want to control everything about you.
• 19:00
  And This is why we Bitcoin guys anyways.
• 19:03
  Yeah, it just it just goes to show that there is no second
• 19:06
  best. It just goes to show that you
• 19:08
  know there is. You're not going to be able to
• 19:10
  compete with Bitcoin on that level because people are going
• 19:13
  to wake up. This isn't like the 80s or the
• 19:16
  70s where people didn't have access to information now.
• 19:20
  We have the Internet now. We can see the blockchain, we
• 19:24
  can see exactly who is not who, but what transactions are
• 19:29
  happening and you cannot be cheated.
• 19:32
  So if they're not giving you that information, you can
• 19:35
  actually. You know the like.
• 19:38
  You're going to choose Bitcoin. You're going to choose a better
• 19:41
  system. Yeah, you are right on.
• 19:44
  It is all about control, hence why I keep saying it is not a
• 19:47
  CBDC central bank digital currency.
• 19:49
  It is central bank digital control mechanism.
• 19:51
  Anyways guys, we want to see you in Nashville.
• 19:56
  We are going to take over Nashville next year, July 25th,
• 20:00
  27th of 2024. At the Bitcoin conference, we
• 20:05
  want to see you there, You guys say every single year.
• 20:07
  And I and I constantly say this because I always hear it like,
• 20:11
  oh, the price isn't too expensive.
• 20:12
  We'll get your ticket. Now because you're going to FOMO
• 20:14
  into the conference, you can use promo code simply on their
• 20:17
  website and get a discount. We will see you in Nashville.
• 20:20
  Can't wait to get in Nashville, TN.
• 20:23
  I haven't been there before and I I keep hearing all the Bitcoin
• 20:26
  media guys over there telling me that it's the place to be.
• 20:29
  So we'll see you July 25th through the 27th.
• 20:33
  Let me take over. Anyways, guys, let's get in to
• 20:36
  the news. The Daily News.
• 20:45
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• 21:55
  It's giving camera high tech. You're not going to need another
• 21:59
  another wallet. This is it.
• 22:01
  This is. Even your boomer parents can use
• 22:03
  this. So scan the QR code, use the
• 22:07
  code simply, and let's get on with the news.
• 22:11
  Wow. Wow.
• 22:11
  You know, Sophie, we need you to redo that ad.
• 22:13
  Absolutely. Code it.
• 22:14
  All right, all right. Anyways, guys, let's get into
• 22:16
  some serious talk here. OK?
• 22:18
  So I'm going to go into a lot of the weeds here.
• 22:23
  I'm going to go in depth on this topic of of course.
• 22:27
  Binance getting slapped with $4.3 billion settlement.
• 22:30
  CZ getting stepping down. I wouldn't say fired.
• 22:33
  He's stepping down from his CEO position, but I want to start
• 22:37
  with a clip from this press release and you can see here is
• 22:41
  it was posted on the SWAN account, the DOJ press release,
• 22:44
  full statements from Attorney General Merrick Garland,
• 22:47
  Security of the Treasury, Janet Yellen, Deputy Attorney General
• 22:49
  Lisa Monaco and Chairman Roston Ben Benham of the CFTC in
• 22:55
  regards to this Binance news. And remember what I said, what
• 23:01
  we've been saying on the show. Remember the tornado cash story?
• 23:06
  Remember the Hamas story from the Wall Street Journal?
• 23:09
  Remember the Finn Send proposals and all this is happening in a
• 23:14
  relatively short time at the very end of the year.
• 23:17
  Well, just listen to this opening statement here and make
• 23:22
  up your mind for yourself of where they are trying to angle
• 23:25
  this. What precedent are they?
• 23:27
  Are they setting by taking down Binance?
• 23:30
  What is the end goal? Don't just look one step up
• 23:33
  ahead 'cause that is playing checkers, guys.
• 23:36
  We're playing 5D chess here and we've been covering it all year
• 23:39
  that we are in the then they fight you stage.
• 23:42
  It's not a direct attack on Bitcoin, but they are doing
• 23:45
  their best to maintain the regulatory mode.
• 23:48
  So let's watch this two-minute clip as a lot being said in here
• 23:52
  and you can hear it for themselves, what they want to do
• 23:55
  and their framing. Nance has agreed to plead guilty
• 24:01
  to willfully violating the Bank Secrecy Act, knowingly failing
• 24:05
  to register as a money transmitting business, and
• 24:09
  willfully violating the International Emergency Economic
• 24:12
  Powers Act. These laws ensure that our
• 24:15
  financial institutions are not available to designated
• 24:18
  terrorist organizations, drug traffickers and sanctioned
• 24:22
  nation states that threaten public safety and our national
• 24:26
  security. The Justice Department is
• 24:29
  requiring Binance to pay $4.3 billion in penalties and
• 24:35
  forfeitures. This is one of the largest
• 24:37
  penalties we have ever obtained from a corporate defendant in a
• 24:41
  criminal matter. The Justice Department is also
• 24:45
  imposing A monitorship as well as reporting requirements on
• 24:48
  Binance as part of today's resolution.
• 24:52
  Moving forward, Binance must file the Suspicious Activity
• 24:55
  Reports. That were required by law.
• 24:58
  The company is required to review past transactions and
• 25:01
  report suspicious activity to federal authorities.
• 25:05
  This will advance our criminal investigations into malicious
• 25:08
  cyber activity and terrorism fundraising, including the use
• 25:12
  of cryptocurrency exchanges to support groups such as Hamas.
• 25:18
  While this historic plea is an important measure of
• 25:20
  accountability, we know that corporations only act through
• 25:25
  the individuals who run them. That is why we have also filed A
• 25:29
  felony charge against and secured a guilty plea from Chang
• 25:34
  Peng Zhao for willfully violating the Bank's Secrecy
• 25:37
  Act. As CEO of Finance, Zhao
• 25:42
  willfully violated federal law that requires financial
• 25:44
  institutions to guard against the money laundering.
• 25:48
  And terrorist financing. Zhao resides outside of the
• 25:53
  United States, entered his plea in person in the United States
• 25:57
  District Court for the Western District of Washington earlier
• 26:00
  today. All right guys.
• 26:03
  So I think it's pretty fair to say that just covering the CZ
• 26:08
  Binance news, it it's kind of noise if if we're really talking
• 26:11
  about you know we do our best to avoid the the shit coin
• 26:14
  channels, the shit coin exchanges.
• 26:16
  But I think the important signal here is the framing.
• 26:21
  So before I get into digesting the framing here, investigating
• 26:29
  what they're saying, let's read their press release coming out
• 26:32
  the US Department of the Treasury Think there's a lot of
• 26:34
  signal here. It will be a little more reading
• 26:35
  than usual, but there's a lot that we need to cover just from
• 26:39
  this press release alone. So the headline is U.S.
• 26:42
  Treasury announces largest settlement in history with
• 26:44
  world's largest virtual currency exchange finance for violations
• 26:48
  of US anti money laundering and sanctions law.
• 26:51
  And you can see here the first first sentence here is Fencen
• 26:56
  settlement of $3.4 billion and OFAC settlement of $968 million
• 27:01
  are the largest for each IRS criminal investigation leads to
• 27:05
  Department of Justice action. So going into the press release,
• 27:09
  the US Department of the Treasury through the Financial
• 27:11
  Crimes Enforcement Network, Vincent, the Office of Foreign
• 27:14
  Asset Control and IRS Criminal Investigation has taken
• 27:17
  unprecedented action to hold Binance Holding Ltd and its
• 27:21
  affiliates, collectively Binance accountable for violations of
• 27:24
  the US anti money laundering and sanctions law that protect
• 27:28
  American National security and the integrity of the
• 27:31
  international financial system. Binance is the world's largest
• 27:35
  virtual currency exchange, responsible for an estimated 60%
• 27:38
  of centralized virtual currency spot trading.
• 27:41
  Today, Binance settled with Fencen and OFAC for violations
• 27:44
  of the Bank Secrecy Act and apparent violations of multiple
• 27:47
  sanctions programs. The violations include failure
• 27:50
  to implement programs to prevent and report suspicious
• 27:53
  transactions with terrorists, including Hamas, Al Qassam
• 27:56
  Brigades, Palestinian Islamic Jihad, al Qaeda data, and the
• 27:59
  Islamic State of Iraq and Syria ransomware, attackers, money
• 28:03
  launderers, and other criminals, as well as matching trades
• 28:06
  between US users and those in sanctioned jurisdictions like
• 28:09
  Iran, North Korea, Syria, and the Crimea region of Ukraine.
• 28:14
  By failing to comply with AML and sanctions obligations,
• 28:17
  finance enabled a range of illicit actors to transact
• 28:20
  freely on the platform. Today's settlements are part of
• 28:23
  a global agreement simultaneous with finance resolution of
• 28:26
  related matters with the Department of Justice and the
• 28:29
  Commodities Futures Trading Commission.
• 28:31
  Finance turned a blind eye to its legal obligations in the
• 28:34
  pursuit of profit. Its willful failures allowed
• 28:36
  money to flow to terrorists, cyber criminals and child
• 28:39
  abusers through its platform, said Secretary of Treasury Janet
• 28:43
  L Yellen. Today's historic penalties and
• 28:46
  monitorship to ensure compliance with US laws and regulations
• 28:50
  mark a milestone for the virtual currency industry.
• 28:53
  Any institution, wherever located, that wants to reap the
• 28:56
  benefits of the US financial system must also play by the
• 29:00
  rules that keep us all safe from terrorists, foreign adversaries
• 29:04
  and crime or face the consequences.
• 29:07
  FinCEN Settlement Agreement assesses a civil money penalty
• 29:10
  of $3.4 billion, imposes A5 year monitorship and requires
• 29:14
  significant compliance undertakings, including to
• 29:18
  ensure finance's complete exit from the United States.
• 29:22
  OFAC settlement agreement assesses a penalty of
• 29:24
  $968,000,000 and requires finance to abide by series of
• 29:29
  robust sanctions compliance obligations, including full
• 29:33
  cooperation with the monitor ship overseen by Fencen.
• 29:36
  To ensure that Binance fulfills the terms of its settlement,
• 29:39
  including that it does not offer services to US persons and to
• 29:42
  ensure that illicit activity is addressed.
• 29:45
  Treasury will retain access to books, records, and systems of
• 29:48
  Binance for a period of five years through a monitor.
• 29:52
  Failure to live up to these obligations could expose Binance
• 29:54
  to substantial additional penalties, including a 150
• 29:59
  $1,000,000 suspended penalty which would be collected by
• 30:02
  Fencen if finance fails to comply with the terms of the
• 30:04
  required compliance undertakings and monitorship.
• 30:07
  The Monitor will oversee remedial undertakings necessary
• 30:10
  to address Finance's failure to comply with his anti money
• 30:13
  laundering and sanctions obligation.
• 30:15
  The Monitor will also conduct periodic reviews and report the
• 30:18
  Fencen O FAC and the CFTC on its findings and recommendations to
• 30:21
  ensure Finance's ongoing compliance with the terms of the
• 30:25
  settlement agreement. Today's unprecedented actions
• 30:28
  under SCORE Treasury's committing to promoting
• 30:31
  compliance within the virtual currency industry, including by
• 30:34
  actively enforcing AML and sanctions law.
• 30:36
  Treasury's authorities to enforce those laws abroad
• 30:39
  reaching a wide range of misconduct and can apply to both
• 30:42
  US and foreign persons wherever located.
• 30:45
  Virtual currency exchanges and financial technology firms
• 30:48
  should, like any other financial institution ensure that they
• 30:51
  adopt A managerial commitment to compliance at the very top and
• 30:55
  that risk based programs and controls are integrated effect
• 30:59
  actively into their platforms and technology from day one.
• 31:03
  Treasury work, and this is I think this is a nugget here as
• 31:06
  well. Treasury work closely with
• 31:07
  counterparts at DOJ, including the Criminal Divisions Money
• 31:11
  Laundering and Asset Recovery Section, the National Securities
• 31:13
  Divisions Counterintelligence and Export Control Section, and
• 31:17
  the US Attorneys Office for Western District of Washington,
• 31:20
  as well as the CFTC, a three-year coordinated action by
• 31:24
  basically every ABC institution that America has.
• 31:29
  Anyways, there you hear their framing.
• 31:31
  But I want to point out a few things that Fencen is arguing
• 31:34
  here, and it is the reasons for them clamping down on Binance.
• 31:40
  And you can see it here guys. It goes as a money service
• 31:44
  business. Binance was required to report
• 31:46
  suspicious transactions to Fencen through Suspicious
• 31:48
  Activity Reports, AKA SARS. Fencen's investigation revealed
• 31:52
  that Binance, former chief compliance officer, told
• 31:54
  personnel that the CE OS policy was not to report such activity.
• 31:58
  And Binance never filed a single SAR with Fencen, and finance
• 32:01
  willfully failed to report well over 100,000 suspicious
• 32:03
  transactions that it processed as a result of its deficient
• 32:07
  controls, including transactions involving terrorist
• 32:09
  organizations, ransomware, child sexual exploitation, material
• 32:12
  frauds, and scams. And here they lifted listed them
• 32:15
  all out. Terrorist financing finance
• 32:17
  failed to report to fencing transactions associated with
• 32:19
  terrorist groups including Al Qaeda, the Islamic State of Iraq
• 32:22
  and Syria, AKA ISIS, Hamas, Al Qassam Brigades, and Palestinian
• 32:27
  Islamic Jihad. There was ransomware.
• 32:29
  Despite being one of the largest receivers of ransomware proceeds
• 32:33
  and transacting in millions of dollars of ransomware proceeds
• 32:35
  from attacks involving at least 24 different strains of
• 32:38
  ransomware, binets failed to report these transactions.
• 32:40
  Child sexual abuse materials. Binets never reported
• 32:43
  transactions with websites devoted to selling child sexual
• 32:46
  abuse materials, including dark sandals and dark neck markets,
• 32:49
  scams and other illicit activity despite sending and receiving
• 32:52
  virtual assets. Proceeds from large scale hacks.
• 32:56
  Account takeovers in dark net markets dealing in illegal
• 32:59
  narcotics? Counterfeit and fraud related
• 33:01
  goods and services as well as other illegal contraband by Nets
• 33:04
  never reported any such transactions.
• 33:07
  And the next one with OFAC is about sanctions and they talk
• 33:11
  about the how they had to work together with the criminal
• 33:15
  investigation of the IRS to make this happen.
• 33:17
  But the signal is very clear and Janet Yellen said this again in
• 33:21
  the press release. If you guys want to watch the
• 33:22
  whole video, I can drop the the, the the link in the show notes
• 33:25
  for you guys. But Janet Yellen says if you
• 33:28
  want to operate in the US, they must play by the rules and if
• 33:31
  they do not, the US will take action.
• 33:33
  It is becoming very clear that they are coming after not only
• 33:37
  shit coiners or unregistered securities, but Bitcoin in
• 33:42
  general. We've been covering this in the
• 33:45
  in the EU, everywhere around the world, they do not want an
• 33:49
  escape route, they do not want an exit hatch because they know
• 33:53
  that once people escape, they are not coming back and the only
• 33:56
  thing they really have is the control of information and the
• 33:59
  control of your transactions. Again, as I always say, it's all
• 34:03
  about the money. It's always been about the money
• 34:05
  and money is always the funnel that gets clamped down.
• 34:08
  And I have here CZS tweet where he talked about him leaving
• 34:12
  Binance. You guys could read this on
• 34:14
  Twitter but I think it's very interesting that at the very
• 34:18
  bottom it here is CZS you know claim to fame here.
• 34:22
  He's like I can't see myself being Aceo during a start up
• 34:24
  again. I may be opening some coaching,
• 34:27
  some mentoring. If for nothing else I can at
• 34:29
  least tell them what not to do. On that note, I am proud to
• 34:33
  point out that in our resolutions with the US
• 34:35
  agencies, they do not allege that Binance misappropriated any
• 34:38
  user funds and do not allege the Binance engaged any market
• 34:41
  manipulation. Your funds are SAFU, which I
• 34:44
  think is him kind of differentiating himself from FX
• 34:48
  and that whole debacle. Well, this is a totally
• 34:50
  different beast I would say. You know, I'm not a big fan of
• 34:54
  CZ, of finance, of shit hornery in general, but it's becoming
• 34:58
  very obvious that this is some precedent that is being set by
• 35:03
  the DOJ, the Department of Treasury, FinCEN, OFAC to
• 35:07
  basically scare everyone into compliance to show that, hey, we
• 35:10
  still are the big dogs in the room.
• 35:13
  And if you want to have the US market, well, you're going to
• 35:17
  have to pay to play. And here we go.
• 35:19
  Apparently, Susie was released on $175 million bond.
• 35:23
  He will have to go to court eventually and we'll see how
• 35:26
  this all plays out. But the interesting nugget of
• 35:30
  all of this is the fact that we had the DOJ, the Department of
• 35:35
  Justice, CFTC, all of them frame that this big win of knocking
• 35:41
  down finance, making them pay. The largest settlement in
• 35:44
  history of getting CZ to step down was because of financing
• 35:49
  terrorism, of money laundering. And I've been saying this on the
• 35:52
  show for I don't even know how long now that they will use the
• 35:56
  same low hanging fruit examples of money money laundering,
• 36:01
  financing terrorism, you know, they even use child abuse
• 36:04
  material. They use ransomware.
• 36:06
  They use hacks. They're they're throwing
• 36:09
  everything they can to scare the normie away from Bitcoin to make
• 36:12
  it seem like everything we're doing here is nefarious.
• 36:15
  But I find it hilarious that the Wall Street Journal rolled out
• 36:19
  their own article by Nance Fender Chang.
• 36:21
  Peng Zhao agrees to step down, plead guilty.
• 36:23
  Zhao's crypto exchange will also admit wrongdoing and agree to
• 36:26
  pay $4.3 billion in fines. Well, this is what, a week or
• 36:31
  two after the fact that Wall Street Journal dropped this fake
• 36:34
  news article about Hamas militants behind Israel attack?
• 36:38
  There's millions in crypto that was fully debunked and I have
• 36:41
  Sam Callahan here. We covered this in the past, but
• 36:45
  it was confirmed that chain analysis just destroyed their
• 36:50
  numbers. It turns out that they said
• 36:52
  there was $82,000,000 that was used finance terrorist groups,
• 36:56
  but in reality it was a $450,000 that was used.
• 37:01
  And I'm not here to nitpick about what group is what and
• 37:06
  who's a terrorist or whatever. I am just here to point out the
• 37:09
  hypocrisy that they're still using the corporate press to
• 37:14
  implement things that go against our liberties, our freedoms.
• 37:18
  And it's just it's absolutely mind blowing that they reference
• 37:21
  Hamas and financing terrorism in this press release.
• 37:25
  When we know it was fake news, when we know it was completely
• 37:28
  debunked not only by chain analysis but by other companies
• 37:31
  by you know Sam Callahan did this great tweet and it just
• 37:35
  goes to show we we've been covering this since his news
• 37:37
  came out Reference Preston Pish again.
• 37:39
  Bitcoin is anti totalitarianism. How to protect financial freedom
• 37:43
  in an age of market manipulation and policy overreach.
• 37:45
  I'm just going to hit on a few points because there's there's
• 37:48
  so much here guys and and it just it really in my opinion
• 37:51
  trying to connect the dots. Hey this isn't so much about CZ
• 37:55
  getting kicked out of Binance. Binance paying a fine for
• 37:58
  skirting U.S. sanctions or regulations.
• 38:01
  This is about setting precedent so that they can come out after
• 38:05
  Bitcoin custody, Bitcoin exchanges, so that they can
• 38:08
  maintain the regulatory mode or as a lot of people are saying,
• 38:11
  so that they can clear out the amateurs, bring in the
• 38:13
  professionals, release their Bitcoin ETF and you know, trust
• 38:17
  BlackRock and all them with your Bitcoin ETF because they know
• 38:19
  what's better. They, you know, they know how to
• 38:21
  run finances better than you. It's it's not them that got us
• 38:24
  in this position. It's you know, Beyoncé and
• 38:27
  Taylor Swift that is causing inflation, everything else but
• 38:30
  the fact they are printing obscene amount of money.
• 38:33
  So let's get into this article from Bitcoin Magazine, Press and
• 38:36
  Pisco's. In the face of ongoing
• 38:37
  challenges to our cherished freedoms, it is imperative to
• 38:40
  critically examine the forces at play that threaten the very
• 38:42
  fabric of the Mac democracy. The ideals of freedom and open
• 38:46
  markets are at risk of being undermined by influential
• 38:49
  political forces seeking to impose oppressive order and
• 38:52
  control in the name of security. This article delves into the
• 38:55
  pressing need to fix our manipulated markets, protect
• 38:57
  Bitcoin and its inherent anti totalitarian qualities and and
• 39:00
  inform US policymakers that democratic values are what's at
• 39:04
  stake. And this was before we got
• 39:08
  these. I think this is actually right
• 39:09
  when we got the FinCEN proposal that we were covering this and
• 39:13
  you can see present pitches over the target, the newest assault
• 39:15
  on financial freedom in Bitcoin. In a recent letter from Senator
• 39:18
  Elizabeth Warren and numerous numerous Congressional members.
• 39:21
  They leverage International Crisis to further their own
• 39:24
  political agenda and curtail financial freedoms.
• 39:27
  Armed with a freshly published fake news article from Wall
• 39:29
  Street Journal that falsely suggests Hamas raise a
• 39:32
  significant sum of crypto funding to attack Israel, the
• 39:35
  truth couldn't be more obscured. The irony of this claim is that
• 39:38
  the public Bitcoin blockchain provides evidence that anyone
• 39:42
  can dispute, which is exactly what happened today following
• 39:45
  the senator's letter to the President.
• 39:46
  As I explained with Sam Callahan moving down a little bit, the
• 39:50
  narrative on what was actually released depends heavily on the
• 39:53
  news outlet or political interest one consults, often
• 39:56
  resulting in biased and self-serving points of view.
• 39:58
  The irony, the stark contrast between politically manipulated
• 40:02
  numbers and the transparent reality a public blockchain
• 40:05
  provides underscores the urgent need for thorough factual
• 40:08
  analysis and the adoption of publicly verifiable monetary
• 40:12
  units like. Bitcoin.
• 40:13
  Why is this so concerning? It's because the knee jerk
• 40:16
  policy reactions based on false information and poor reporting
• 40:19
  can have devastating long term impact to the US competitive
• 40:22
  economic position and more importantly the liberties and
• 40:25
  freedoms of the citizens and what appears to be a coordinated
• 40:28
  policy response. Now we know it was one day after
• 40:31
  Senator Warren's letter. the US Financial Crimes Enforcement
• 40:34
  Network, AKA Fencen, came out with a proposal for special
• 40:37
  measures regarding convertible virtual currency mixing and
• 40:40
  labeled it a primary money laundering concern.
• 40:43
  Based on all the information contained in the fence and
• 40:45
  proposal, it opens the door for expansive policy to infringe on
• 40:49
  the rights of individuals. For example, the increased
• 40:51
  surveillance and potential loss of privacy could subject
• 40:54
  individuals running Bitcoin full nodes to unprecedented security
• 40:58
  and again the last thing a call to action from press and pitch.
• 41:01
  So what do totalitarian governments embrace?
• 41:04
  They embrace control. Such a control is often
• 41:06
  established through small and incremental changes that mask a
• 41:09
  deeper trend and direction that citizens don't notice.
• 41:12
  As we are seeing happen in in real time, this progression
• 41:15
  ultimately leads to absolute control.
• 41:17
  Now, what is the paramount lever to pull if a government was
• 41:20
  interested in absolute control? That's right, the money.
• 41:23
  Because money is the energy that fuels every action and desire of
• 41:26
  the individual. Citizen.
• 41:28
  Therefore, let let me be very clear, you will not be a
• 41:30
  totalitarian government. By becoming more totalitarian,
• 41:33
  America was founded on the principle of individual rights
• 41:36
  and freedom. Those freedoms in turn created
• 41:38
  the strongest economy and most powerful nation on the planet.
• 41:41
  It is the very freedoms that are at risk with knee jerk policy
• 41:45
  decisions to remove your individual rights in the name of
• 41:48
  security and they very much did that.
• 41:51
  Guys do not get lost in the weeds.
• 41:54
  They literally said threat to national security in that press
• 41:57
  release multiple times. They reference financial
• 42:01
  terrorism, anti money laundering, that Bitcoin and and
• 42:04
  Binance at large is a threat to the international financial
• 42:08
  system. And it's just absolutely
• 42:10
  incredible that not only have we been talking about this, but
• 42:14
  anyone that is awake knows exactly what's going on.
• 42:17
  These knee jerk policy decisions to remove your individual rights
• 42:20
  in the name of security. It's always the same same low
• 42:23
  hanging fruit example and in the face of an unstoppable tie that
• 42:26
  is Bitcoin and decentralized finance.
• 42:28
  It is paramount that we as a society and particular as
• 42:31
  citizens of the United States recognize the critical
• 42:34
  crossroads we find ourselves. The trajectory of Bitcoins
• 42:36
  innovation and adoption will continue with or without the
• 42:39
  active participation or understanding of any single
• 42:41
  nation. The question that remains is
• 42:43
  whether we will be leaders or laggards in this inevitable
• 42:46
  financial evolution. And again, Nico's not here, but
• 42:50
  he summed it up perfectly in a tweet.
• 42:52
  The amount of times they mentioned terrorism during the
• 42:54
  DOJ press conference regarding Binance was striking.
• 42:57
  They claim that the platform and crypto was used to fund Hamas,
• 43:00
  just like the bogus Wall Street Journal did.
• 43:02
  A couple weeks to go cheesy. Definitely did some shady stuff
• 43:05
  with finance, but from my perspective, they also took
• 43:08
  advantage of the situation to try to achieve their ultimate
• 43:11
  end goal, stop Americans from taking custody of their Bitcoin.
• 43:15
  And we are not the only ones that are hitting on this theme.
• 43:19
  Because I find it very interesting that everyone on
• 43:22
  Twitter is just kind of celebrating CZA Shit Corner
• 43:24
  getting knocked from his company when in reality what is going on
• 43:28
  is they are slowly but surely creeping to take away your right
• 43:34
  to custody, your Bitcoin. They're going to figure out any
• 43:36
  legalese to do that. And this is a what?
• 43:39
  A third step in the precedent to continue down that road.
• 43:43
  And here we got Marty bent on TFTC, the bent Marty's bent.
• 43:47
  The charges against finance and CZ are a misdirection play.
• 43:51
  This is pure projection. The US government is the biggest
• 43:53
  perpetrator of financial crimes on the planet and it's
• 43:57
  absolutely incredible that they can go out there and just press
• 44:00
  release and with a straight face say that we are the criminals
• 44:03
  here. Absolutely ludicrous hypocrisy.
• 44:06
  Anyways, let's dive into the first part of this bad
• 44:10
  newsletter by Marty. It hits a nail on the head, as
• 44:13
  I'm sure most of you are aware by now.
• 44:15
  Earlier today or yesterday, the Treasury Department and the
• 44:18
  Department of Justice announced that they would reach a plea
• 44:20
  agreement with Finance and its CEO CZ for Banking anti money
• 44:23
  laundering laws brought forth by the CFTC purportedly helping
• 44:27
  Hamas finance their operations via their exchange.
• 44:29
  The plea deal entails the CZ pays a $50 million fine
• 44:33
  personally to the CFTC and Finance pays more than 4.3
• 44:36
  billion in fines, the largest fine ever levied by the Justice
• 44:39
  Department on a single corporate entity.
• 44:41
  When you take a step back and survey the field, this move
• 44:44
  makes sense and is a win win for all parties involved.
• 44:46
  The market is eagerly awaiting the approval of the spot Bitcoin
• 44:49
  ETFs that have filed and are sitting on the desk of the SEC.
• 44:52
  The SEC comments today have been clear that their biggest worry
• 44:55
  at the moment is offshore exchanges manipulating the price
• 44:58
  of Bitcoin. Finance is the largest exchange
• 45:00
  in the world and has successfully operated outside of
• 45:02
  the purview of the United States government until today.
• 45:05
  With this plea agreement, the offshore price manipulation
• 45:08
  problem is solved, CZ is able to get away with a relative slap on
• 45:11
  the wrist, and the Treasury and the Department of Justice are
• 45:13
  able to LARP about how they're protecting consumers.
• 45:16
  At the end of the day, the result of all this will be the
• 45:18
  spot Bitcoin ETFs getting the green light regulatory
• 45:21
  enforcement precedent that will be used to pressure companies in
• 45:23
  the space to make the experiences of their users much
• 45:26
  worse and CZ getting a clean exit backstage where he will
• 45:30
  likely operate Binance from the shadows and reap the massive
• 45:33
  benefits that will come with the next bull mark without spending
• 45:36
  the rest of his life loaded in a cage.
• 45:38
  This is a classic misdirection move that comes with the corrupt
• 45:41
  pay to play mechanisms that have become all too common in our
• 45:44
  Fiat denominated world. The Treasury and the Department
• 45:46
  of Justice don't actually care about protecting consumers.
• 45:49
  What they care about is the perception that they are
• 45:51
  actually doing something beneficial by taking care of
• 45:54
  finance. Nothing makes this clearer than
• 45:56
  the fact that they have focused in on terrorist financing as the
• 45:59
  activity that they are preventing.
• 46:00
  If the Treasury Department and the Department of Justice truly
• 46:03
  cared about the end consumer, they would have lambasted
• 46:05
  finance for leading their users to financial slaughter by
• 46:08
  incentivizing them to burn their hard earned money on altcoin
• 46:11
  speculation. The focus on terrorist financing
• 46:14
  allows them to pretend that Bitcoin and other crypto
• 46:16
  currencies are the medium of exchange of choice for
• 46:19
  terrorists, which will enable them to single out and
• 46:22
  scrutinize the industry even more, even more moving forward.
• 46:25
  This is pure projection play because it's the Treasury or the
• 46:29
  DOJ actually cared about preventing money laundering and
• 46:31
  terrorist financing, They would investigate themselves.
• 46:35
  It is very convenient that they're everyone to pick on
• 46:37
  Bitcoin and other crypto currencies.
• 46:40
  And we're seeing this guys and you know, we know, hey, we do
• 46:46
  have SWAN as a sponsor. We know that if you want to work
• 46:49
  in America, if you wanna be an exchange, you have to follow KYC
• 46:53
  AML laws. But KYC and AML laws are the
• 46:56
  illegal action here. Why should we have to pinpoint
• 46:59
  everything that we need to do and and tell these criminals
• 47:03
  what's going on with our transactions when they can't
• 47:05
  even audit themselves? How much money is a Pentagon
• 47:07
  laws? How much criminal activity have
• 47:10
  they been caught in? And yet they come out here and
• 47:13
  they say that Bitcoin is only for criminals when we constantly
• 47:16
  bring the receipts here, that Bitcoin is hardly used for
• 47:19
  criminal activity. What it really is, is humans,
• 47:22
  average everyday people like us that just want to save in
• 47:24
  something that cannot get to base and a kind of interesting
• 47:28
  tidbit we got here Will Paul Block and he goes.
• 47:32
  This week Blocks and twelve others including Ledger,
• 47:35
  Coinbase, Lights. Box submitted a comment letter
• 47:37
  on the IRS proposed broker reporting rules focusing on self
• 47:41
  hosted wallets. We argued that exempting wallets
• 47:43
  because they do not hold the requested requisite information,
• 47:46
  cannot see and are not party to the relevant transactions for
• 47:49
  reporting purposes and do not have the same type of
• 47:52
  relationship with customers as traditional brokers.
• 47:54
  We also felt that the regulators has drafted fundamentals
• 47:57
  eventually did not accurately take into account the nature or
• 47:59
  purpose of self hosted wallets. We therefore spent an extended
• 48:03
  period of time exclaiming wallets, wallet technology and
• 48:05
  their role in the digital asset space and shouts out the
• 48:08
  foundation as being one of them. We deserve to be able to self
• 48:12
  custody Bitcoin. There is no law, there's no
• 48:14
  criminality against custody Bitcoin and they joined this
• 48:17
  effort. It is your right to take Bitcoin
• 48:20
  into self custody. There is nothing against this
• 48:23
  and the fact that we are constantly being gaslit into
• 48:27
  every politician out here telling us that we can't hold
• 48:29
  Bitcoin, that Bitcoin is for only for criminals.
• 48:31
  It's absolutely ludicrous. We know the real criminals love
• 48:34
  the Fiat dollar and this is where we are in the fight guys.
• 48:39
  They will continue to roll out these low hanging fruit examples
• 48:42
  of money laundering, financing criminals, anything they can to
• 48:47
  scare an army away from Bitcoin and further keep pushing
• 48:51
  different regulations, different proposals so that they can try
• 48:54
  to bottleneck Bitcoin. We know on and off ramps are the
• 48:57
  choke point, remember Choke .2 point O.
• 49:00
  But moving forward I think we're going to see more and more and
• 49:04
  more of this. It has never been more important
• 49:07
  to take Bitcoin into custody. Make people download Bitcoin
• 49:11
  wallets. Explain to them what is going
• 49:13
  on. Explain to them the hypocrisy
• 49:14
  because they are actively fighting Bitcoin guys.
• 49:18
  Yes, they may have a victory by taking down CZ, but do not get
• 49:24
  it twisted. They will be coming after
• 49:26
  Bitcoin soon. They are laying the rails,
• 49:28
  they're laying the groundwork so they can come after Bitcoin
• 49:31
  custody and Bitcoin in general. And it's one of these moments
• 49:36
  like bring it on can't stop Bitcoin.
• 49:38
  You can only stop yourself from using Bitcoin And as an American
• 49:41
  and and one that would like to see America first.
• 49:44
  It's absolutely disgusting that we're seeing these kleptocrats
• 49:47
  in Washington roll this out as this is for national security,
• 49:50
  this is for our safety when in reality it's to maintain their
• 49:54
  maintain their control. And it's just very unfortunate
• 49:58
  that that we're going to see a lot of people get caught up in
• 50:00
  this, get gas lit, and just here we are guys.
• 50:03
  Anyways, I went way long, so much stuff to cover.
• 50:06
  I'm sure there's some other stuff that we could have
• 50:09
  covered. But again, you know, and then
• 50:11
  the thought of time here, I had to keep it kind of quick anyway.
• 50:15
  Sophie, what's your thoughts on this?
• 50:17
  Wow, I have so many. Thoughts.
• 50:19
  I actually took some notes. I feel that all of this started,
• 50:26
  All of this abuse by the government started when the
• 50:29
  Patriot Act was launched. Because it started off with good
• 50:32
  intentions, the road to hell is paved with good intentions as a
• 50:36
  way to protect Americans from terrorism.
• 50:39
  But now this law is being used to sanction countries and more
• 50:44
  sanction individuals and make the claim that because these
• 50:48
  countries are sanctioned, they are also terrorist individuals.
• 50:53
  That they're gonna control, they're gonna basically launch
• 50:57
  financial war on these individuals.
• 51:00
  And my my question in all of this is where does the $4.3
• 51:06
  billion go? Who is actually using that
• 51:10
  money? What politicians are using that
• 51:12
  money and what are they using it for?
• 51:14
  Is it going to be a drop in the bucket for the ever increasing
• 51:18
  deficit that we have in this country?
• 51:20
  Because that's not going to do anything for the people that
• 51:24
  actually, it's kind of like a slap in the face that they're
• 51:27
  going after these people when they haven't even fixed the
• 51:31
  deficit themselves. And and I agree with Punk Floyd,
• 51:34
  I doubt that they had good intentions in the long run, but
• 51:37
  that's the way that they framed it to the American people.
• 51:41
  And the way that I see this is that in this peaceful
• 51:45
  revolution, in this war against Fiat, the best way that we can
• 51:50
  fight is by opting out. It's not money laundering if you
• 51:54
  never sell your Bitcoin and if we get other people to adopt A
• 51:59
  Bitcoin standard and to actually keep their value.
• 52:03
  In Bitcoin and stop selling their Bitcoin into Fiat, then we
• 52:08
  have already won. There is absolutely nothing the
• 52:11
  government can do about individuals storing their value
• 52:15
  in self custody. So the best thing that you can
• 52:18
  do is is actually buy Bitcoin, keep it in self custody and it
• 52:23
  is it is the most revolutionary thing that you will do in your
• 52:26
  lifetime. This, this Patriot Act is is
• 52:30
  such a violation against the 4th Amendment and it's such a bogus
• 52:34
  excuse for them to be able to control people's finances,
• 52:39
  people's communications. It's it's actually insane that
• 52:43
  we've let it go on for this long and I I stand for peaceful non
• 52:49
  compliance. We have to opt out.
• 52:52
  We have to buy Bitcoin, we have to keep it in self custody and
• 52:55
  we have to defund the real terrorists of this country which
• 52:59
  are slowly becoming more and more the US government perfect
• 53:04
  love it self. Yeah, it's becoming very clear
• 53:07
  that the the people in power, they do not have your best
• 53:11
  interest in mind. They will use any example they
• 53:14
  can to maintain their control. Everyone and Nico himself always
• 53:20
  jokes and trolls me about Chrissy Lagarde.
• 53:23
  And I always quote the If there's an exit route, people
• 53:26
  will use it. I think we are at the point
• 53:29
  where we can no longer be naive in thinking that they don't
• 53:32
  understand what they're doing. I think they actively know
• 53:34
  exactly what they're doing and they are.
• 53:36
  They're slow rolling this guys. They they're not going to do
• 53:39
  one's fell swoop and try to control Bitcoin because it would
• 53:43
  backfire on them. They know they cannot control
• 53:45
  Bitcoin, but what they can do is a slow creep, Slowly but surely
• 53:50
  enact new and new rules, new and new obligations until they have
• 53:53
  fully captured Bitcoin. And as we see this Bitcoin ETF
• 53:58
  get rolled out soon, I I think it's becoming more and more
• 54:01
  important than ever to get people to download Bitcoin while
• 54:03
  it's saving Bitcoin. Understand what is going on.
• 54:06
  Understand that they are asleep at the wheel and the people in
• 54:09
  suits on television do not have their best interest in mind.
• 54:13
  Anyways, we got to get into the culture.
• 54:14
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• 55:34
  All right, guys. Well, we have, I would maybe say
• 55:38
  now the infamous Internet selfie on with us today Co hosting.
• 55:43
  And I'm sure a lot of you boomers and millennials that
• 55:47
  watch us or or like myself, boomer millennials aren't
• 55:51
  watching the shorts. And so I wanted to play a few of
• 55:54
  them here because I think it's it's interesting how just far
• 55:58
  down the rabbit hole we are as Bitcoiners and we forget just
• 56:03
  what a normie or average person thinks about Bitcoin.
• 56:06
  Well, Sophie's been doing these interviews literally on the
• 56:11
  street talking to normal people and it's very interesting to
• 56:16
  hear their responses to Bitcoin and really just how uninformed
• 56:20
  they are And not to dunk on anyone.
• 56:22
  But this is where we're dealing with like we're dealing with
• 56:24
  humans at the very end of the day.
• 56:26
  And as we covered in the show, the average person is just
• 56:30
  constantly getting gaslit into believing all kinds of crazy
• 56:33
  stuff about Bitcoin and they they aren't well informed.
• 56:36
  Hence why I think it's so important to be doing Bitcoin
• 56:38
  only media to constantly show the hypocrisy of the corporate
• 56:43
  press. To do our best, to give you guys
• 56:45
  signal so that people know what is going on.
• 56:48
  So that we bring on receipts and of course get the best practices
• 56:52
  in Bitcoin. Of course start accepting the
• 56:54
  ideas of freedom. That we're not just crazy people
• 56:55
  here, that we have some basis in reality and we see where the
• 57:00
  future is going. And of course it is simply
• 57:03
  Bitcoin. So let me play a few of these
• 57:05
  Soph. And if you want to jump in after
• 57:07
  each one just let me know and and I won't play the next one.
• 57:10
  So let's let's listen to a few of these shorts guys.
• 57:12
  We read this article. That says the massive inflation
• 57:16
  of the housing and stock market has made the average American
• 57:19
  household worth $193,000 Cap. Do you find that to be true?
• 57:25
  In your life? No, no it.
• 57:29
  Doesn't sound right. I think that's cap.
• 57:31
  Do you buy any Bitcoin by any chance?
• 57:33
  No. No.
• 57:34
  I'm not very good with stock market stuff.
• 57:37
  I'm not good with stock market stuff either.
• 57:39
  But the good thing is this is so much better than the stock
• 57:41
  market. This is actually like the best
• 57:43
  performing asset year to date. It's money that the government
• 57:46
  can't take away from you. OK.
• 57:48
  Yeah. Thank you.
• 57:49
  I'll look into it. Thanks.
• 57:51
  Wow, I feel. I feel like at the end.
• 57:53
  And like money government can't take away from you.
• 57:55
  It's just like wait, what? Like what?
• 57:58
  Who are you? Weird Cyber and on girl.
• 58:01
  Yeah, honestly, I. Feel like a Bitcoin evangelist
• 58:05
  in the truest sense when I go out and do these, because people
• 58:09
  just look at you with the weirdest, strangest look.
• 58:12
  They are so skeptical that this is a real thing.
• 58:16
  They're like money. That's mine that the government
• 58:20
  can't take away from me. But what about the IRS?
• 58:23
  Like, that's like the first thing people talk about.
• 58:25
  It's it's almost a too good to be true technology and that's
• 58:31
  why. So many people associate it with
• 58:33
  the scam. Not to mention that there are
• 58:35
  shit coins that have completely ruined the the reputation of
• 58:39
  Bitcoin. In my opinion.
• 58:41
  Just the fact that that it's something that people cannot
• 58:44
  conceive to even be true is is kind of the first step in
• 58:50
  breaking that barrier. OK, now I I think this one of
• 58:54
  these guys might be corners kind of.
• 58:57
  Let me No, they're not OK. Well, one of them was.
• 59:00
  So in that one, one of them was and then the guy who looks like
• 59:05
  Rico Suave with a kind of semi suit.
• 59:08
  There he was. He's a hedge fund manager.
• 59:12
  I don't know. He's like into stocks.
• 59:13
  Let's like this, Let's like this, and then we'll get some
• 59:15
  context. Do you buy Bitcoin?
• 59:17
  I just bought, actually recently.
• 59:18
  Yeah, I'm buying. As long as it keeps going out.
• 59:21
  I like that it's an unregulated market.
• 59:23
  They try to regulate and bring a new ETF I think.
• 59:25
  Yeah, now that this. ETF is coming out.
• 59:29
  I feel like people are becoming a little bit more comfortable
• 59:31
  with it on that though, like having having a regulated ETF in
• 59:35
  an unregulated market if it gets people.
• 59:38
  To start buying Bitcoin, that works for me.
• 59:42
  It's it's opening the door. Everybody who's ever bought
• 59:45
  Bitcoin has had to start somewhere.
• 59:47
  I like to have a plan. And go into it knowing when I'm
• 59:50
  going to put more money in and when I'm going to pull out.
• 59:52
  Pause. Yeah, well with this like I.
• 59:54
  Said they're cycles that that logic does apply, but you're
• 59:58
  going to have to study the cycles, yeah, for sure, if you
• 1:00:01
  keep buying and. Selling then you have to pay
• 1:00:02
  your taxes on it. Yeah, no, but if it's a long.
• 1:00:05
  Term capital gain I I I agree with you.
• 1:00:07
  I think the long term vision is better.
• 1:00:08
  Yeah. Thank you guys.
• 1:00:11
  The pause. Yeah.
• 1:00:14
  Cracking me up. Yeah, I know.
• 1:00:15
  I know. Never.
• 1:00:16
  Sell, never sell. I'm telling you the best thing
• 1:00:19
  you can do in this peaceful revolution is just never sell.
• 1:00:23
  Keep your money on self custody and just wait.
• 1:00:28
  Wait, because it'll come eventually.
• 1:00:31
  Everybody will wake up and just be like, what have I been doing
• 1:00:34
  using dollars this whole entire time when I could have been
• 1:00:37
  trading peer-to-peer with Bitcoin.
• 1:00:39
  But anyway the context behind that.
• 1:00:44
  It was. I mean, obviously these are
• 1:00:45
  shorts that get edited down and these conversations can
• 1:00:49
  sometimes go for like 5 or 10 minutes where I start, you know,
• 1:00:53
  debasing every single point that they have.
• 1:00:56
  And so they talk about, you know, what happens when you,
• 1:00:59
  when you sell your Bitcoin, like you have to pay taxes on that or
• 1:01:02
  you have to do this or you have to do that.
• 1:01:04
  And it's like. You know, yes you do.
• 1:01:07
  But if if the if the fact that you made money, if number go up
• 1:01:11
  is the thing that gets people to wet their feet in the pool of
• 1:01:16
  Bitcoin, then I think that that's a step forward because
• 1:01:20
  once people benefit from Bitcoin, they will be like okay,
• 1:01:25
  I made money on this ETF. But what is Bitcoin really?
• 1:01:29
  And then they start looking into it.
• 1:01:31
  They start falling down the rabbit hole and they are
• 1:01:33
  incentivized by the fact that they made some money in the
• 1:01:37
  short term to perhaps make a more long term plan to hold
• 1:01:42
  Bitcoin. And you know, people get in at
• 1:01:45
  different times. It's different for everybody.
• 1:01:48
  Some people started shit coining at the beginning and then they
• 1:01:51
  they learned the hard way. So maybe this is the more
• 1:01:55
  traditional. Investor's Way of Learning about
• 1:01:59
  Bitcoin. And honestly, I'm cool with
• 1:02:01
  that. As long as people begin and they
• 1:02:04
  start to learn about it, I think that it's it's a positive
• 1:02:09
  introduction. All right.
• 1:02:11
  Well, it's very interesting. Like once you go down the rabbit
• 1:02:13
  hole, as you can tell, most people don't know what's going
• 1:02:16
  on with Bitcoin. And of course, most people don't
• 1:02:18
  have the time to study Bitcoin. People don't even know what's
• 1:02:23
  going. On with money, people have no
• 1:02:25
  idea. People have.
• 1:02:26
  People don't know how an iPhone works.
• 1:02:28
  Like, that's always the the argument that I like to make.
• 1:02:31
  People don't know how an iPhone works.
• 1:02:33
  Yet there are billions of people around the world that use an
• 1:02:35
  iPhone. Yeah, you know what I'm saying?
• 1:02:37
  And then once, once they get into Bitcoin, there's not going
• 1:02:39
  back to Fiat anyways, let's do this last one.
• 1:02:42
  And then I want to ask you just a very generic question we are
• 1:02:45
  out on the street asking. People, do you buy Bitcoin?
• 1:02:48
  I have. I have not, but I have bought
• 1:02:50
  crypto before. OK, there's a new.
• 1:02:52
  Black Rock Spa ETF that's coming out, that's going to put Bitcoin
• 1:02:57
  on traditional markets. Do you think that you would be
• 1:03:00
  more comfortable or like people who, you know would be more
• 1:03:03
  comfortable buying Bitcoin if it was on a traditional market?
• 1:03:06
  Like if you could just buy it off of Charles Schwab or E*Trade
• 1:03:09
  or any of those platforms? Yeah.
• 1:03:12
  OK. Cool.
• 1:03:12
  Thank you. We.
• 1:03:13
  Were to see it on more traditional platforms, I think
• 1:03:16
  it would make people more comfortable.
• 1:03:18
  College students So my budget not going to stretch farther
• 1:03:20
  enough for me to buy any like, real big piece.
• 1:03:22
  But now you're actually getting me interested to do a lot more
• 1:03:25
  research on the go Be all right. Thank you so much.
• 1:03:28
  Wow, self doing Satoshi's work out there.
• 1:03:31
  But as you can tell, like most people just haven't been exposed
• 1:03:35
  to the Bitcoin signal. And I think we all had to get
• 1:03:37
  exposed to Bitcoin at least like, you know, minimum three to
• 1:03:41
  five times before we finally took that final leap.
• 1:03:44
  And I think we're getting to that point where it's more more
• 1:03:47
  conversation happens around Bitcoin as it does get
• 1:03:49
  legitimized. Like, I know we here, it's
• 1:03:52
  simply Bitcoin. And in the chat, we do not
• 1:03:54
  advise you guys to put money into Bitcoin ETFs.
• 1:03:57
  It is paper Bitcoin. Do not do that.
• 1:04:00
  But there is a semblance of legitimacy that comes with that.
• 1:04:04
  And you can see in real time that people are like, oh wow,
• 1:04:06
  OK, I I thought this was just, you know, Internet nerd money.
• 1:04:10
  I thought this was just money for terrorists.
• 1:04:12
  I thought this was just money for drug dealers.
• 1:04:14
  And it's like no guys, it's so you do not get that you're
• 1:04:18
  you're savings debased anyways. The generic question Self is
• 1:04:23
  like you've been doing these interviews.
• 1:04:25
  Give me a generality on what do you think an average person
• 1:04:30
  thinks about Bitcoin today after all these conversations that
• 1:04:34
  you've had on the street? So the average.
• 1:04:37
  Person just simply does not know about Bitcoin.
• 1:04:41
  And that is the biggest hurdle that I've had to get through.
• 1:04:45
  Even when I go go up to people and I ask them, hey, can I ask
• 1:04:48
  you a question for my YouTube channel, they say what's the
• 1:04:52
  question about? And once I say Bitcoin, they're
• 1:04:55
  like, I don't know anything about Bitcoin.
• 1:04:57
  I don't want to be on camera. People people are turned off by
• 1:05:01
  what they do not know. And that's why I'm such an
• 1:05:04
  advocate of getting Bitcoin into the ears and into the minds of
• 1:05:09
  people by any means necessary. Even if it means by shilling an
• 1:05:15
  an ETF of paper Bitcoin. OK, yes, I get it.
• 1:05:18
  It's not real Bitcoin. It's not what I would buy.
• 1:05:21
  It's not what I would advise anybody who I love to really
• 1:05:24
  buy. But if that makes the average
• 1:05:26
  person more comfortable and. If that will make the average
• 1:05:30
  person start to look into what Bitcoin really is because they
• 1:05:35
  have now a stake in Bitcoin in their minds, I think that that's
• 1:05:41
  positive marketing for Bitcoin and I think that we have to be a
• 1:05:45
  little bit more open minded because of how close minded the
• 1:05:49
  average individual is. And they don't understand how
• 1:05:52
  any of this works. They don't care to understand
• 1:05:55
  Bitcoin is an inconvenient solution to a very big problem
• 1:06:01
  that has made money very convenient.
• 1:06:03
  So. I like this Has does Miss Sophie
• 1:06:07
  ever tell them to have fun staying poor?
• 1:06:09
  I've actually thought about doing that as content, just like
• 1:06:12
  being like, hey, do you buy Bitcoin?
• 1:06:14
  No. OK, have fun staying poor and
• 1:06:16
  seeing people's reaction. But I'm not trying to get people
• 1:06:21
  to hate on Bitcoin. I mean on on Bitcoin or on
• 1:06:23
  Bitcoiners. But you gotta be nice to the
• 1:06:26
  norm of these guys. That's the point.
• 1:06:28
  You got to be nice. You got to make Bitcoin fun,
• 1:06:31
  sexy, cool. That is the whole thing.
• 1:06:34
  Like if you start. Like, though, the next short
• 1:06:38
  that's gonna come out the next interview is me asking people,
• 1:06:41
  do you think bitcoiners are annoying?
• 1:06:43
  And how? What can we do?
• 1:06:45
  What can we do to be less annoying?
• 1:06:48
  Yeah, I know, we're unbearable. But it's because we're trying to
• 1:06:51
  save you. We're trying to tell you how to
• 1:06:54
  preserve your wealth and your value and how to stop getting
• 1:06:57
  screwed by the US government and by the Fed.
• 1:07:00
  I promise we're trying to help you.
• 1:07:02
  I just. I know that we're annoying about
• 1:07:04
  it. It's like we're a.
• 1:07:05
  Parent and the rest of the world are a bunch of teenagers, but
• 1:07:09
  whatever. Eventually people will get it
• 1:07:11
  the hard way. Yeah, actually Nico called me
• 1:07:15
  this morning. We were all on the phone and he
• 1:07:18
  kind of brought up a good idea and I think it relates here.
• 1:07:21
  And I know we've got to go to the meme review, but there was a
• 1:07:24
  point when Internet Sophie wasn't a bitcoiner and she had a
• 1:07:28
  crazy boyfriend named Nico Jones, and he would rant about
• 1:07:33
  Bitcoin constantly. So what's it like?
• 1:07:37
  I don't know. Getting orange peeled by your
• 1:07:38
  significant other? Like is this is this what we got
• 1:07:41
  to do? We we just all, as bitcoiners,
• 1:07:43
  have to make our girlfriends or imaginary girlfriends
• 1:07:46
  bitcoiners. Like what?
• 1:07:48
  How? How's that road been?
• 1:07:49
  And then I guess maybe add on. How's how is it being soon to be
• 1:07:55
  married to a adamant crazy quote UN quote crazy bitcoiner?
• 1:08:01
  Well, that's first of all, that's why I have so much
• 1:08:04
  empathy towards people who don't know about Bitcoin.
• 1:08:07
  Because I just I I've been there before and I'm.
• 1:08:11
  I try to take the softer approach because I don't know
• 1:08:14
  these people, they're strangers on the street and I don't want
• 1:08:18
  to get punched in the face. But what does it feel to date a
• 1:08:21
  bitcoiner and to now almost be married to one?
• 1:08:26
  It's been a roller coaster ride yourself and being and.
• 1:08:30
  Becoming a bitcoiner myself, I mean, it's been a huge roller
• 1:08:33
  coaster ride. There have been so many moments
• 1:08:35
  of doubt and there have been so many questions that I've had to
• 1:08:39
  search the answers for because I myself didn't know anything
• 1:08:44
  about Bitcoin. And I had to, like, really take
• 1:08:47
  that step forward to find out about not just Bitcoin, but
• 1:08:51
  about the monetary system. How You know how.
• 1:08:55
  That what money is backed by how everything works in the
• 1:08:59
  financial system. And I I think that it has been a
• 1:09:04
  very humbling experience because I was not aware of how much I
• 1:09:08
  didn't know. And at some point I I went
• 1:09:10
  through a little bit of depression because I thought,
• 1:09:12
  wow, like my whole entire life has been a lie and it it could
• 1:09:17
  have been so much better. A few years ago, if I had just
• 1:09:21
  bought Bitcoin and if I had not trusted these institutions that
• 1:09:26
  told me to trust them my whole life.
• 1:09:29
  And so, you know, now I question everything.
• 1:09:32
  Now I, you know, I look at the thing, my actions a lot more
• 1:09:36
  carefully. Everything from the food that I
• 1:09:38
  eat to the content that I consume, to the way that I'm
• 1:09:43
  going to be able to raise my daughter and and the way that
• 1:09:46
  I'm going to to, you know, just go about being a mother.
• 1:09:50
  It has completely changed every other aspect of my life because
• 1:09:54
  it has forced me to look at things with a little bit more of
• 1:09:58
  a critical mind instead of just going along with what everybody
• 1:10:02
  tells you. And when you fix that base layer
• 1:10:05
  of society, which is money, and Nico says this all the time, it
• 1:10:08
  trickles down into other aspects of your life, And eventually it
• 1:10:12
  trickles down into culture. It trickles down into politics.
• 1:10:16
  And that's why buying Bitcoin and having it in self custody,
• 1:10:20
  understanding how the world actually works, not from what
• 1:10:23
  they tell you but from what you can deduce with your own mind,
• 1:10:27
  is so important. In today's day and age, a lot of
• 1:10:30
  people are just brainwashed by what they see on social media
• 1:10:33
  and on TikTok and what the mainstream media tells them to
• 1:10:37
  believe in. And they've forgotten how to
• 1:10:40
  actually form critical thought. And I think that Bitcoin has
• 1:10:44
  dismantled and has. Lifted the curtain for me and
• 1:10:49
  has allowed me to to actually like see things for what they
• 1:10:53
  are and not for what I've been told they are.
• 1:10:57
  Love itself. Well, I guess as the meme goes,
• 1:11:00
  Bitcoin changes you. You don't change Bitcoin.
• 1:11:03
  Each one of us is constantly, whether we know it or not, a
• 1:11:07
  walking billboard for Bitcoin and we're exposing the world to
• 1:11:10
  what Bitcoin is by just the way you live and and the your
• 1:11:13
  viewpoints and being a successful human in in general.
• 1:11:18
  So you know, we got a long road ahead as Bitcoin educators, but
• 1:11:22
  hopefully we can do a small part in continuing to orange peel the
• 1:11:27
  masses to get to the Bitcoin remnant, to show people there is
• 1:11:31
  an alternative to what's going on and hopefully wake up just
• 1:11:34
  that person that's on the edge, you know, they're they just need
• 1:11:37
  a little push sometimes. They just need a little push, a
• 1:11:39
  little loving, compassionate push towards becoming a bit
• 1:11:42
  corner. Because I think it's becoming
• 1:11:44
  clear that most people are starting to wake up.
• 1:11:47
  They're starting to feel the pain.
• 1:11:48
  They're starting to understand. Wait, everything is not exactly
• 1:11:51
  as I'm being told. So here we are.
• 1:11:54
  Anyways, Internet Sophie, good to have you on the show.
• 1:11:57
  Thanks for the insights. Let's get into the meme review.
• 1:12:04
  The Daily Meme Review. All right, you guys know the
• 1:12:11
  deal. Tag me on Twitter at Simply
• 1:12:14
  Bitcoin TV. Drop them in our Telegram group.
• 1:12:17
  T dot me slash simply Bitcoin TV tweets of the bullets, memes of
• 1:12:21
  the artillery. This is the meme review where we
• 1:12:23
  distill everything we say into pictures and mimetics.
• 1:12:28
  We are in a mimetic war right now.
• 1:12:30
  It is an information war. Continue to get the calls of
• 1:12:34
  action out there. Continue to ridicule the
• 1:12:36
  corporate press. Continue to make the funnies so
• 1:12:39
  your friends and family know why we do what we do.
• 1:12:43
  Anyways, the 1st meme here is by Bitcoin Archive AKA at BTC under
• 1:12:48
  Score Archive. And I thought this was a fitting
• 1:12:50
  one considering all the stuff going on in the news.
• 1:12:53
  And if you guys know, John McAfee is an absolute legend.
• 1:12:58
  Just a legend in his own right, let alone as being a part of the
• 1:13:02
  Bitcoin and even I guess the shit coin space at large.
• 1:13:05
  But just an absolute legend. I watched his Netflix video like
• 1:13:08
  his documentary and it's dude, this guy is is is a character
• 1:13:13
  absolute animal. Rest in peace or maybe allegedly
• 1:13:16
  rest in peace. I don't know what's going on.
• 1:13:18
  Anyways, we got a picture here of John McAfee with the Bitcoin
• 1:13:20
  logo and it goes, you can't stop Bitcoin.
• 1:13:23
  It's like trying to stop gunpowder.
• 1:13:25
  And you guys know my one of my favorite memes is safety and
• 1:13:29
  people will adopt Bitcoin like gunpowder via necessity and you
• 1:13:33
  cannot isolate yourself from the consequences of someone holding
• 1:13:37
  a better money. And everyone just doesn't know
• 1:13:40
  that Bitcoin is the best money that they're holding melting ice
• 1:13:43
  cubes that Fiat is trash. But they're waking up.
• 1:13:46
  They're learning. Next meme is by at Fe Bitcoin.
• 1:13:49
  He just goes hashtag Bitcoin and we got a picture here of CZ with
• 1:13:53
  four fingers and it goes $4.3 billion.
• 1:13:57
  That is the fine that he paid that he's seemingly getting a
• 1:14:00
  slap on the wrist and just kind of walking away, walking away.
• 1:14:03
  And and for those that maybe aren't familiar, Aceo stepping
• 1:14:08
  down from his position in in a, you know, a criminal case like
• 1:14:11
  this. It's not like a new thing.
• 1:14:13
  And I and and just to be clear, at least, you know, maybe I'm
• 1:14:16
  putting on my tinfoil hat here. It's not like he's going to be
• 1:14:20
  completely gone out of finance. This is just a save face.
• 1:14:23
  This is just to save the Binance brand.
• 1:14:25
  But he's going to be on the board.
• 1:14:27
  She still owns a majority of Binance stock.
• 1:14:30
  He can be an advisor and he can come back after three years.
• 1:14:33
  So you know, this is probably just a little speed bump in the
• 1:14:37
  road and and Binance is is probably going to maintain its
• 1:14:40
  position in the world, but hey, they're in some heat, they're in
• 1:14:45
  some trouble, they will be monitored for the next five
• 1:14:48
  years so it's going to be very interesting to see how this
• 1:14:50
  plays out. Anyways, I got a lot of shit
• 1:14:52
  coins CZ memes here. Guys you already know as
• 1:14:55
  bitcoiners. We love the dunk.
• 1:14:57
  We love taking a victory lap. So these ones are a little you
• 1:15:01
  know, maybe this is me dancing on graves, whatever.
• 1:15:04
  I I acknowledge this but these are some funny memes.
• 1:15:07
  It's been a long year guys. We've seen so much stuff happen
• 1:15:10
  in the shit coin space and bitcoiners been calling it out
• 1:15:13
  the whole time. Anyways, the classic here from
• 1:15:16
  the Bitcoin therapist. He goes hashtag Bitcoin not
• 1:15:19
  crypto and you can see all the shit corners gambling at the
• 1:15:22
  craps table. We got CZ, we got SPF, we got
• 1:15:26
  Richard Hart Machinsky bit boy. What's this guy one?
• 1:15:31
  Vitalic, Zuzu, CSW, Roger Ver. Just a classic classic video
• 1:15:38
  here or a meme here. You know it's it's also the
• 1:15:42
  hangover meme where they're gambling and if you're in shit
• 1:15:46
  coins, just know you're gambling.
• 1:15:48
  And if you want to make it through the great transition,
• 1:15:51
  you need to be holding some Bitcoin.
• 1:15:52
  Next meme. Again, kind of continuing to
• 1:15:55
  duck. We got 01021 Bitcoin, You go
• 1:16:00
  kana on Twitter and it goes rip to shit corners Salute.
• 1:16:04
  And we got Bitcoin, not crypto. And it's all the shit corners
• 1:16:08
  that are in Bitcoin heaven or shit coin heaven that got
• 1:16:13
  wrecked this last year. You know, from FTX to Binance to
• 1:16:17
  Bit Boy to Mashinsky in Celsius to Luna.
• 1:16:22
  It's been a crazy crazy year. Maybe crazy two years, three
• 1:16:27
  years, really. But you know the the there's
• 1:16:30
  been some fireworks ending this year and I'm sure we are going
• 1:16:35
  to see more. Was CZ the final sacrifice for
• 1:16:38
  the bull run to really start commencing?
• 1:16:40
  I don't know. I asked everyone on Twitter
• 1:16:42
  yesterday and the people were yelling at me like the bull
• 1:16:44
  run's been going on for 300 days.
• 1:16:45
  Bro, wake up. Well yeah, you know the price
• 1:16:48
  has been going up, but when God candles is what I meant.
• 1:16:52
  Anyways, here we got Tony the bull.
• 1:16:54
  BTC goes show me the charts and I'll tell you the news.
• 1:16:58
  The Bitcoin bull run is here. And we have When was this?
• 1:17:02
  Like November of 2020. We have Arthur Hayes from Bitmac
• 1:17:08
  CEO. What's this says leaves role
• 1:17:12
  after US charges and you can see the price went absolutely
• 1:17:16
  nuclear in 2021. And here we are.
• 1:17:20
  Are we repeating the same cycle? Well if you are reading tea
• 1:17:24
  leaves it looks very similar. And now we have the news of
• 1:17:29
  finance. Fender CZ agrees to step down
• 1:17:32
  and pleads guilty so it looks like God candles are on the
• 1:17:36
  table and maybe this was the final sacrifice we needed.
• 1:17:39
  Anyways, last CZ meme before I pivot a little bit to a little
• 1:17:44
  more Bitcoin friendly one. We got Thomas Farr here and he
• 1:17:47
  goes there's a lesson here and we have a tweet here from CZ and
• 1:17:51
  he goes first Bitcoin then dot dot dot dot and we have Jack and
• 1:17:56
  he goes Bitcoin and then Michael Saylor and he goes hashtag
• 1:17:58
  Bitcoin and then Jack Mullers and he goes hashtag Bitcoin.
• 1:18:02
  Wait, what's the 2nd? Best It is Bitcoin.
• 1:18:05
  Only Bitcoin. Not shit Coin.
• 1:18:07
  Bitcoin not crypto. Bitcoin is the thing that is
• 1:18:10
  changing the world and a lot of shit corners have learned their
• 1:18:14
  lesson the hard way and I'm sure more and more will learn the
• 1:18:18
  hard way as well. But if you want to protect
• 1:18:20
  yourself, you want to avoid the headaches.
• 1:18:22
  Just save in Bitcoin, download a Bitcoin wallet and save in
• 1:18:25
  Bitcoin and then get your friends and family to save in
• 1:18:28
  Bitcoin as well. Anyways, last Meme is by Maxi's
• 1:18:30
  Club and he goes 587. Wow.
• 1:18:33
  And we got all you ADIQ bit corners in the chat.
• 1:18:36
  You know, a little Pepe holding his Bitcoin.
• 1:18:38
  And then we got all of the girls here gonna be coming after you.
• 1:18:41
  He goes, Oh my God, he's here. He's so cute.
• 1:18:43
  Is he single? And the ADIQ bit corner just
• 1:18:46
  like, shocked. Just wow.
• 1:18:48
  I guess one of them that's maybe one of one of the.
• 1:18:52
  Girls, what? He told me yo.
• 1:18:54
  OK, so. One of the girls.
• 1:18:56
  Then there's another one, one of the girls that I.
• 1:18:58
  Interviewed, I told her I was like, how can we make bitcoiners
• 1:19:03
  less annoying? And she was like, just give it
• 1:19:05
  away, just give it away to US women.
• 1:19:08
  There has to be they have to give their Bitcoin away to sugar
• 1:19:12
  babies because. Sugar babies are amazing and
• 1:19:15
  women deserve everything. I was like, based like, in
• 1:19:20
  women. Wait, wait, wait, wait.
• 1:19:22
  Miami. Confirmed.
• 1:19:24
  You're talking to people in Miami.
• 1:19:26
  OK, say less. I was like.
• 1:19:27
  I was like. OK, OK, so like basically we
• 1:19:31
  just have to buy your love and affection that that's people
• 1:19:35
  have done that throughout all of all of time.
• 1:19:38
  Like, I don't know what to tell you.
• 1:19:40
  Fun, sexy, cool. This is part of I don't make the
• 1:19:42
  rules. Oh my God, Sophie.
• 1:19:46
  Is not recreating. The wheels never share.
• 1:19:49
  Your 24 words I'm saying. She's a SAT digger, but a sugar
• 1:19:53
  baby is definitely going to become a SAT digger.
• 1:19:57
  OK? Anyways, guys, drop your meme
• 1:19:59
  review score in the chat as we cover ours live and we will
• 1:20:05
  review it live. All right, Mine is.
• 1:20:08
  I hung out with my buddy Joe. I'm actually going to go hang
• 1:20:11
  out with him for Thanksgiving. I'm going to do Friendsgiving
• 1:20:13
  with him and he he hooked me up with a bunch of Bitcoin books
• 1:20:16
  and and the Bitcoin magazine, the latest releases.
• 1:20:20
  But I was super hyped when he gave me this.
• 1:20:22
  One shouts out to Mark Goodwin, The Bitcoin dollar and economic
• 1:20:26
  Mono myth. I have yet to fully dive into
• 1:20:29
  this, but this is one that I've that I've been meaning to read.
• 1:20:33
  I read the intro, marks the go, absolutely love him.
• 1:20:37
  He's editor at large at the Bitcoin Magazine and I can't
• 1:20:40
  wait to read his book Anyway. So what's your meme review
• 1:20:43
  Score? My meme review.
• 1:20:45
  Score is this Energy Protection Energy Saver Trick Chip?
• 1:20:51
  This is an anti radiation sticker that I bought on Amazon
• 1:20:56
  and I've stuck it on to like all of my electronics.
• 1:21:00
  So that it like I honestly eliminate radiation or
• 1:21:04
  something, but like when I hold it.
• 1:21:06
  It makes me feel better. I think it's like not real, but
• 1:21:10
  apparently it absorbs radiation from computers, cell phones,
• 1:21:15
  Wi-Fi and. Yeah, I I'm on my phone all day
• 1:21:19
  24/7 so my brain is I'm not sure if it works.
• 1:21:23
  But yeah, someone debunked that in the chat.
• 1:21:25
  All right. Anyways, anyways, guys, while
• 1:21:29
  you're dropping your meme review scores, scan the QR code.
• 1:21:32
  Support us by getting some of the merch.
• 1:21:35
  I do have some merch coming out for you guys.
• 1:21:38
  Yeah, let's we have a model here for once.
• 1:21:41
  You know, you see Sophie's wearing the orange Simply
• 1:21:44
  Bitcoin hoodie. She does have the oversized one.
• 1:21:47
  She's I'm pretty sure she's got like the large XL1.
• 1:21:49
  We do have smaller sizes for you girls and the and the, you know,
• 1:21:53
  the small boys out there. But we do have T-shirts, we have
• 1:21:56
  hoodies. We are working on getting you
• 1:21:58
  guys the hats. We are talking with some Bitcoin
• 1:22:01
  artists. We've been going back and forth
• 1:22:03
  on the latest design. It's coming guys.
• 1:22:05
  Bear with us. We really appreciate it and we
• 1:22:08
  really appreciate the support. It really does help us.
• 1:22:10
  Anyways, we're going to get some dope stuff for you guys so that
• 1:22:13
  you guys don't feel like we're just scamming you out of your
• 1:22:15
  stats. We want to provide value stack
• 1:22:17
  stats first, and then stack shirts and simply Bitcoin merge
• 1:22:20
  second. All right guys, there is some
• 1:22:22
  meme reviews scores in the chat. Let's get to them.
• 1:22:28
  Hold on, let me get to the top of them.
• 1:22:31
  All right, I think I got it. First, meme review scores by
• 1:22:35
  tore up Hoddle and he goes meme score.
• 1:22:37
  Future Bitcoin or baby names. But to be determined, Yes.
• 1:22:42
  OK, next one is by Sail Dog 18. He goes.
• 1:22:46
  I give those memes 5 Hickory smoked Turkey legs.
• 1:22:49
  Oh, that sounds delicious. OK, next one, Mike Stemos.
• 1:22:52
  I give the memes a rocket shit to compete this shit coin casino
• 1:22:56
  meme. Let's go.
• 1:22:57
  Oh wait. Oh, is this a hold on, hold on.
• 1:23:01
  Where'd it go? Where is it?
• 1:23:04
  I love the street. Forget.
• 1:23:06
  All four. OK.
• 1:23:08
  All right. Hold on.
• 1:23:09
  Well, well, we'll restart the music, but I'll get back to it.
• 1:23:12
  All right, Igor Meme score funds are Konfishkafu.
• 1:23:15
  Yes. Matthew J Meme Review Score one.
• 1:23:19
  Simply Bitcoin. Yes, Matthew, I know I'm getting
• 1:23:22
  you. I'm getting it for you.
• 1:23:23
  Just just bear with me. Ron P score One extra serving of
• 1:23:27
  cranberry sauce is the score. Nigel Lowry meme score Seed on a
• 1:23:34
  titanium plate, Not a gold digger.
• 1:23:36
  OK, we love that Planet Earth meme Score.
• 1:23:39
  Bullish on Bitcoin families? More Bitcoin babies.
• 1:23:42
  Let's fucking go. Oh OK.
• 1:23:44
  This one. This one I can kind of read for
• 1:23:46
  once. I can read the score.
• 1:23:48
  Optes Digital IDs, Mr. Mr. Opti Fields.
• 1:23:51
  Can killing her boyfriend Score. She did nothing wrong.
• 1:23:54
  Won't spend any time in jail. The customers are always to
• 1:23:57
  blame. Take personal responsibility.
• 1:23:59
  Not your keys, not your corn. Oh, my God.
• 1:24:04
  So does Satoshi meme review? Shotgun wedding in Vegas.
• 1:24:07
  Gonna be lit. Let's go, docs.
• 1:24:10
  Kiwi boy. I give the memes a bowl of yams.
• 1:24:13
  I hate them. Dang, they were that bad.
• 1:24:15
  OK, Father Sarducci meme score. Buy more shabs.
• 1:24:21
  Yes. This is the way.
• 1:24:22
  This is the way. No, that's a that's a double up.
• 1:24:28
  OK, let me go to Rumble. See, we got a few here.
• 1:24:32
  So UTXLI give the memes a 100% safe and effective Ray Kitchen
• 1:24:37
  sticker. All right, More ran scores.
• 1:24:41
  Self upfront, more. OK, more so we can do that.
• 1:24:45
  And last but not least, Narwhal tacos.
• 1:24:47
  I give those memes a Rumble Flipping viewer, God candle
• 1:24:51
  rocket ship. Get on board.
• 1:24:52
  OK, we can do that. We can do that.
• 1:24:56
  Get on board. Let's go.
• 1:24:58
  All right, all right, all right, all right.
• 1:25:01
  All right. The music is sending.
• 1:25:03
  Me dude. Like.
• 1:25:05
  All right. All right.
• 1:25:06
  Well, so thanks for filling in today.
• 1:25:09
  I guess we'll give the audience what they want and we'll bring
• 1:25:12
  Sophie on again as soon as as soon as maybe next week.
• 1:25:16
  No, at 2 Wednesdays from now. We'll see.
• 1:25:18
  I'll bring her back on. We'll make sure we have self
• 1:25:20
  back in. We'll make sure that the the Rio
• 1:25:22
  Nico Jones is on the show, AKA Internet Selfie.
• 1:25:26
  All right, So what do you got in the works?
• 1:25:28
  You got some shorts popping off for us or I will be dropping.
• 1:25:32
  Some more shorts. I am also dropping a skit, what
• 1:25:37
  it's like to orange peel your parents throughout the years.
• 1:25:41
  So that's going to be funny and. Hopefully not.
• 1:25:45
  Cringe then. What else?
• 1:25:48
  We have unconfiscatable coming up and you're not gonna want to
• 1:25:53
  miss it. You're gonna definitely want to
• 1:25:55
  come through to Las Vegas and have a sick time with us.
• 1:26:01
  We're we have some stuff in the works.
• 1:26:04
  Let's go. Absolutely.
• 1:26:07
  Absolutely. Gonna be a great, great time in
• 1:26:09
  Vegas. Anyway, Sophie, thanks for
• 1:26:10
  showing up. Thanks for hanging out with us
• 1:26:13
  guys. I think we're doing a show
• 1:26:16
  tomorrow for Thanksgiving. I haven't actually talked with
• 1:26:19
  Nico about this, but I I'm guessing we're doing some shows
• 1:26:23
  for the end of the week. But if not, and for whatever
• 1:26:27
  reason we don't do a show Thursday or Friday, I just want
• 1:26:30
  to say happy Thanksgiving. We are super thankful that you
• 1:26:33
  guys show up. Even all of our trolls that
• 1:26:35
  constantly give a shit in the chat.
• 1:26:37
  We love you guys too. Wouldn't be here without you
• 1:26:40
  guys. As long as we're doing whatever
• 1:26:43
  we can to make simply Bitcoin better, I am all for it.
• 1:26:46
  Happy Thanksgiving. I hope you guys eat well.
• 1:26:49
  Hang out with your loved ones, of course.
• 1:26:51
  Orange pill, your friends and your family and set.
• 1:26:54
  These ideas don't be unbearable though.
• 1:26:56
  Just when they when the when the opening is there, when the gate
• 1:26:59
  is there. You smash them with that Bitcoin
• 1:27:02
  signal. All right guys, we love you guys
• 1:27:05
  Like, share, subscribe, spread the Bitcoin signal.
• 1:27:08
  All Bitcoin signal. It's about fighting this
• 1:27:12
  information war with mimetics. Because we have the truth on our
• 1:27:16
  side and we have the best money and the normies out there just
• 1:27:21
  don't know. Yes, as Planet Earth says,
• 1:27:24
  nothing stops this train. Everyone is going to wake up.
• 1:27:28
  Everyone will adopt Bitcoin soon enough.
• 1:27:30
  And we are the frontline soldiers, so continue to spread
• 1:27:33
  the signal. On that note, Happy
• 1:27:35
  Thanksgiving, guys. I we should see you tomorrow.
• 1:27:37
  I'm not exactly sure, but if not, I love you guys.
• 1:27:40
  We're thankful for you guys showing up.
• 1:27:42
  We're going to continue to give you guys that signal.
• 1:27:44
  Peace out.