Latest / Simply Bitcoin / Powerful Bankers MELTDOWN Over Bitcoin | EP 973

Transcript

Powerful Bankers MELTDOWN Over Bitcoin | EP 973 · Simply Bitcoin

• 0:03
  It's. All going to zero against
• 0:05
  Bitcoin. It's going on forever.
• 0:15
  You're against Bitcoin. You're against freedom.
• 0:23
  Yo, good morning, everybody. Welcome to Simply Bitcoin, the
• 0:26
  number one daily live Bitcoin show on YouTube, Twitter and
• 0:30
  Rumble. We cover breaking news, culture
• 0:31
  and mimetic warfare, and we bring on bit corners from all
• 0:35
  around the world, from the biggest names to the everyday
• 0:37
  savage Bitcoin. And I got a lineup for you guys
• 0:39
  today, so you're in for a treat. And we will be your guide
• 0:42
  through the separation of money and state.
• 0:45
  And welcome everybody. Today is a celebratory day for
• 0:48
  Bitcoin, for Bitcoiners. It's a having day, boys and
• 0:52
  girls. As Bitcoin continues to run, has
• 0:54
  the most decentralized and secure money in the world and
• 0:58
  later today I block 840,000 the daily Bitcoin supply will get
• 1:02
  cut in half. Welcome, welcome, welcome guys.
• 1:04
  We made it to the 5th epoch. Absolutely beautiful to be a
• 1:06
  Bitcoiner as Bitcoin undeniably secures itself as the hardest,
• 1:11
  soundest and most secure money in the world and Bitcoin's
• 1:14
  monetary policy continues to chuckle on block by block guys,
• 1:18
  it's working exactly as designed.
• 1:20
  This is why we Bitcoin, because bitcoins know exactly what our
• 1:24
  monetary policy will be. There's no guessing.
• 1:26
  There's no, you know, small cabal of people that are going
• 1:28
  to manipulate the the monetary policy.
• 1:30
  No, we know what it is. It is verifiable proof of what
• 1:34
  will happen on the Bitcoin time chain today, tomorrow and far
• 1:37
  off into the future guys, and the world is waking up to this
• 1:41
  phenomenon. You cannot soar value in
• 1:43
  dollars. You can't send gold over the
• 1:45
  Internet and you don't really own your stocks, guys.
• 1:47
  There's only one thing you can own.
• 1:50
  There is no second best. It is Bitcoin.
• 1:53
  And as Clown Wood continues to print more and more money, as
• 1:56
  the Jamie Diamonds of the world continue to meltdown over
• 1:59
  Bitcoin, continue to talk out of both sides of their mouth and
• 2:01
  flood Bitcoin while embracing Bitcoin silently, Bitcoin
• 2:05
  remains the undefeated best way to store, send, and transact
• 2:11
  freely. Guys, This is why we are here.
• 2:14
  Bitcoin is entering its 5th epoch and we're ushering a
• 2:18
  bright orange future on planet Earth.
• 2:20
  You just love to see it. So guys, hey, if you're new
• 2:22
  here, you might want to get some because it seems to be catching
• 2:25
  on. Guys, these are the good old
• 2:27
  days. These are the days that you will
• 2:29
  be remembered for. These are the days that your
• 2:32
  great grandchildren will think back on and call you an absolute
• 2:36
  legend. So stack some Bitcoin today for
• 2:39
  your bloodline. You don't stack stats for your
• 2:41
  first name, you stack stats for your last name.
• 2:43
  Guys, solidify your place in history as the Fiat world
• 2:48
  crumbles to better life waiting for you when you're on the
• 2:51
  Bitcoin standard. Boys and girls, this is the way.
• 2:52
  This is why we do what we do. I'm so hyped today, so good to
• 2:57
  be a big corner and I got some epic guests for you guys today.
• 3:01
  So I'm going to I'm going to bring them in.
• 3:03
  First and foremost, let's bring on Adam O'Brien.
• 3:05
  Adam, how are you feeling today on the having bro it?
• 3:08
  It's so beautiful to be a big corner.
• 3:10
  You've been around for a minute. So what's the having mean for
• 3:13
  you bro? Dude, I I said a little while
• 3:16
  ago, the halving is just like New Year's for Bitcoiners.
• 3:21
  But in classic Bitcoin fashion, it is more scarce.
• 3:24
  That's it. It's like it actually means
• 3:27
  nothing to anybody. It is like block 840,000 and one
• 3:31
  is no different than block 839,999, but it's a new epoch.
• 3:36
  You and I were joking before. New epoch, new me like this 5th
• 3:40
  epoch, man, it's going to be sick.
• 3:41
  Every single epoch that Bitcoin hits, it just sets the next
• 3:45
  level. Also, like, I don't know if it's
• 3:47
  just because it's Friday, if it's because we got the meme
• 3:49
  review coming, but when you hit the horn in like minute one of
• 3:53
  the show, you know it's going to be a good day.
• 3:55
  So I'm just, you know, I'm just jacked up to be here and I was
• 3:59
  just checking because every time I'm on this show, I'm reminded
• 4:01
  that I have to update the jackpot thing.
• 4:03
  Check this out the Bitcoin jackpot contest over 6,000,000
• 4:08
  sats porn the horn twice in the 1st 10.
• 4:14
  You got to love it. But 6,000,000 sats in the
• 4:15
  Bitcoin jackpot contest so all these savages watching, it's
• 4:19
  getting out of hand. I got some stuff to give away
• 4:21
  today for those that enter the Bitcoin jackpot contest.
• 4:24
  So you know what man, all around is a good day.
• 4:26
  What have we got like 50 blocks left?
• 4:28
  Something like that, Something like that.
• 4:30
  Yeah dude, 55 blocks to the halving.
• 4:33
  It's just TikTok next block but you know us humans with our unit
• 4:38
  bias, we got the human condition sticking out.
• 4:40
  This 5th epoch is gonna be a good one bro.
• 4:42
  Yeah, man, exactly. And, and you kind of touched on
• 4:45
  it. You know, I'm sure Bitcoiners
• 4:47
  aren't gonna leave their house today, but if they do go out,
• 4:50
  you're just like, you know, you're eating some dinner,
• 4:52
  you're maybe having a drink out in the bars and you're just
• 4:54
  doing that one meme where you're like, no one even knows the
• 4:57
  having is happening right now. We are so early right now.
• 5:00
  We are still so early. People don't even understand
• 5:03
  what's going on. You just love to see it.
• 5:04
  Anyways, let's bring on Eric Stacks, another legend out here
• 5:09
  making great content. Cannabis producer, content
• 5:13
  creator, really on the front line.
• 5:15
  So, Eric, what's the having mean for you, bro?
• 5:17
  What are we gonna get a good Eric RIP on the very beginning
• 5:21
  of the show. What's up, bro?
• 5:22
  How you feeling this morning? Well, I'm feeling fantastic.
• 5:25
  First off, thank you for having me.
• 5:27
  And yeah, having this is a big deal.
• 5:30
  Obviously, I'm a cannabis producer.
• 5:32
  This is my green screen here. And what's so special about the
• 5:37
  having is is that it's a time to celebrate the only thing on
• 5:41
  planet Earth outside of our time that is the demand goes up for
• 5:44
  it. The supply doesn't change.
• 5:45
  Honey badger don't give AF, right?
• 5:48
  And so that's a big deal. And being somebody who's worked
• 5:51
  as a commodity producer, I've had the real, like real world
• 5:55
  experience of the deflationary forces that we contend with on
• 5:58
  planet Earth. You, Jeff Booth's thesis comes
• 6:00
  to mind. You know, demand for anything
• 6:03
  will always be associated with supply.
• 6:05
  As the demand goes up for something, if the free market
• 6:08
  wants it, they'll bid the price up.
• 6:10
  As the price goes up, the economic incentive to produce
• 6:13
  more of whatever that is goes up.
• 6:15
  Entrepreneurs and capital, they'll flow into that sector of
• 6:18
  the marketplace, They'll attack that margin prices fall to the
• 6:21
  marginal cost of production, etcetera, etcetera.
• 6:24
  And so I've had real world deflationary forces affect my
• 6:29
  life, dollar denominated wage deflation, dollar denominated
• 6:33
  cost of living slash OpEx inflation.
• 6:36
  And so those are two fundamental fucking major issues.
• 6:39
  Those are opposing forces and Bitcoin, you know, being pure
• 6:43
  monetary energy, it's a pure monetary instrument.
• 6:47
  There's no utility value. Peter Schiff Can't Sing a song
• 6:50
  how he's going to, you know, make something with his Bitcoin,
• 6:52
  whatever, right? And so as the demand goes up for
• 6:55
  Bitcoin, the supply doesn't change.
• 6:56
  Actually the new issuance is going down.
• 6:58
  And that's what's so significant about the having that's a big
• 7:02
  deal. It's going to further strengthen
• 7:04
  Bitcoins value proposition. Where you have abundance and
• 7:07
  money, you create scarcity and everything else.
• 7:09
  Where you got scarcity and money, you create abundance and
• 7:11
  everything else. So we're ushering in a bright
• 7:13
  orange future. I got my bright orange glasses
• 7:15
  on. It's a big deal.
• 7:17
  You know, now that the money is the hardest thing, stock to
• 7:20
  flow, hardest thing in the marketplace, the incentive is to
• 7:23
  hold the money. That's freeing up assets people
• 7:26
  need like houses. And so as I drive around, I'm in
• 7:29
  Northern California, I see homeless people.
• 7:31
  It fucking wrecks me. It's depressing, it's sad, but I
• 7:35
  know the most scarce thing in the marketplace is the money,
• 7:38
  and the incentive is to hold the money and that's going to
• 7:40
  liberate us over time. And I think it's happening quite
• 7:43
  fast. So yeah, that's that's something
• 7:46
  that I'm super grateful for. Bars, bars and and literally, I
• 7:51
  love that you started with that, Eric, because This is why it is
• 7:54
  so easy to contrast all the cantion bankers, all the
• 7:58
  politicians, the bureaucrats. This is why they freak out about
• 8:00
  Bitcoin is because they're not naive.
• 8:03
  They understand the game being played.
• 8:05
  It's always been about the money.
• 8:06
  It will always be about the money.
• 8:08
  And what Bitcoin does, it destroys that monopoly and
• 8:12
  control over money. And This is why we have Jamie
• 8:14
  Diamonds over the world. This is why we have the
• 8:15
  Elizabeth Warrens of the world come out and say all this
• 8:18
  ridiculous stuff about Bitcoin. But the beauty of Bitcoin is
• 8:21
  guys like we don't have to listen to them.
• 8:23
  I know ours new show. It's our job.
• 8:25
  It's our duty to cover clown world.
• 8:28
  But you don't have to pay attention to this.
• 8:30
  Just stack sets take Bitcoin into custody and all of this
• 8:33
  stuff just falls away and you start to live a better life.
• 8:36
  Life is so much better on a Bitcoin standard, a personal
• 8:39
  Bitcoin standard. And then just wait till the
• 8:41
  whole world's on the Bitcoin standard.
• 8:43
  It's gonna be beautiful. It's such a beautiful life.
• 8:45
  It's we've been given paradise. Shouts out to Satoshi.
• 8:48
  Man, what a what a good day. Anyways, before we go on too
• 8:52
  long, we do have to plug our boy Adam O'Brien Bitcoin.
• 8:56
  Well guys, make sure you are signing up.
• 8:59
  Actually, Adam, we have what, 50, no, what 54 blocks?
• 9:04
  OK, so until this thing closes, so you guys, guys are listening
• 9:07
  to Opti right here. I'm only going to say this like
• 9:10
  a few times in my life. Listen to Opti very carefully.
• 9:15
  Let's go guys make sure you scan the QR code, you go to
• 9:18
  bitcoinwell.com/simply Bitcoin a Bitcoin only exchange, self
• 9:22
  custody by default, no withdrawal fees, no withdrawal
• 9:26
  fees, sorry and of course no VC money guys.
• 9:28
  This is a platform for bit corners, buy bit corners and
• 9:31
  they want your feedback. They want to build the best self
• 9:34
  custody platform, period. Literally the best one in the
• 9:38
  States. Actually.
• 9:38
  We'll go with all of North America guys.
• 9:40
  So get in touch with Adam, slide into his DMS, tag him on the
• 9:44
  Twitter timeline, tell him what you want to improve on Bitcoin.
• 9:48
  Well, and Adam was telling me in in in Dallas that every two
• 9:52
  weeks I'm going to put you on the spot, Adam.
• 9:53
  Every two weeks they're going to ship some new features for you
• 9:56
  guys to make sure this is the best Bitcoin custody default
• 10:00
  platform period. So go to bitcoinwell.com simply
• 10:04
  Bitcoin and Sign up today. And on that note, guys, you have
• 10:08
  what did Adam just say about 50 blocks here?
• 10:10
  Let me, let me refresh. Did you?
• 10:11
  Refresh it, that number should update.
• 10:13
  Did you refresh? It's not there we go.
• 10:16
  There we go, guys. So scan the QR code, go to
• 10:19
  bitcoinwell.com/contest and you can enter into a chance to win
• 10:25
  69% of 6,000,000 sets. And we got about roughly 50
• 10:29
  blocks for you to sign up to be a part of this giveaway.
• 10:33
  And man, hey, who doesn't like three sets?
• 10:36
  Everyone that signs up today is going to also have a chance to
• 10:41
  win some Bitcoin panties. I don't know if you guys have
• 10:43
  seen Bitcoin panties before. Bitcoin panties are incredible.
• 10:48
  Well, actually I have not worn them.
• 10:49
  My wife wears them. Adam's wearing them as we speak
• 10:52
  right now. Yeah, you know what?
• 10:53
  You can't see my bottom. So I'm I'm, I'm never going to
• 10:55
  confirm or deny that I am actively wearing Bitcoin panties
• 10:59
  right now. However, everyone that signs up
• 11:01
  today also entered to win some Bitcoin panties.
• 11:03
  So yeah, go join the con. Like I'm just so stoked that
• 11:07
  honestly, like 6,000,000 SAT's, I think we've had over 6000
• 11:11
  entries into this thing. Like it's just, it's just
• 11:14
  absolutely been insane. So keep on, keep on keeping on.
• 11:18
  Let's enter the jackpot contest. We're giving away some.
• 11:21
  We're giving away 10s of the jackpot to a geyser project.
• 11:24
  Let's hit it. Let's go.
• 11:28
  All right, boys and girls, scan the QR code.
• 11:30
  Get there right now. But on that note, let's get to
• 11:34
  the numbers. The Bitcoin numbers.
• 11:40
  Is your Bitcoin and cold storage really secure?
• 11:42
  Is your seed phrase really secure?
• 11:45
  Stamp seeds Do It Yourself Kit has everything you need to
• 11:49
  hammer your seed words into commercial grade titanium plates
• 11:53
  instead of just writing them on paper.
• 11:56
  Don't store your generational wealth on paper.
• 11:59
  Papers prone to water damage, fire damage.
• 12:02
  You want to put your generational wealth on one of
• 12:04
  the strongest metals on planet earth.
• 12:06
  Titanium. Your words are actually stamped
• 12:09
  into this metal plate with this hammer and these letter stamps.
• 12:12
  And once your words are in, they aren't going anywhere.
• 12:15
  No risk of the plate breaking apart and pieces falling
• 12:19
  everywhere. Titanium stamp seeds will
• 12:21
  survive nearly triple the heat produced by a house fire.
• 12:24
  They're also crush proof, waterproof, non corrosive, and
• 12:27
  time proof. All things that paper is not
• 12:29
  allowing you to huddle your Bitcoin with Peace of Mind for
• 12:33
  the long haul. Stamp your seed on stamp seed.
• 12:37
  All right, guys. Also scan the QR code and there
• 12:40
  is a discount for the halving today on stamp seed.
• 12:44
  So you can get 50% off all the steel plates on the website
• 12:47
  today. I'm think it's running for 24
• 12:49
  hours. So if you've been thinking about
• 12:51
  getting yourself a stamp seed, thinking about getting a kit,
• 12:54
  you maybe you need to, you know, get more stamp seeds because
• 12:57
  you're making more wallets. You're going multi sig get to
• 13:00
  the website today. You get 50% off all plates, boys
• 13:02
  and girls. So you know, we got deals for
• 13:04
  you on the halving day. All right, guys, let's get into
• 13:07
  the numbers. So before I go on, I think my
• 13:09
  numbers changed a little bit because Clark Moody updated his
• 13:12
  dashboard. So I had to re, you know, I had
• 13:14
  to update my, my favorites on here, but we're over here on
• 13:17
  bitcoin.clarkmoody.com going over the numbers.
• 13:21
  So of course, first and foremost, I think everyone's
• 13:23
  favorite number will rather all the number go up.
• 13:25
  Maxi's favorite number is the price of Bitcoin.
• 13:27
  We're currently at $63,700 per Bitcoin.
• 13:31
  We are at 15170 stats per dollar.
• 13:34
  I repeat, you can get 1569 stats per dollar.
• 13:39
  The price of a dollar right now is roughly around 1500 stats.
• 13:42
  Guys, it's going down man. It's going to it's going to
• 13:44
  really hurt once it's under 1000 or maybe it'll be a bittersweet
• 13:47
  moment. Anyways, the market cap and Fiat
• 13:49
  terms for Bitcoin is $1.26 trillion, which I think is
• 13:54
  slightly under silver right now. So we gotta pump this up.
• 13:57
  We gotta, we gotta make sure we solidify our position over
• 13:59
  silver. I've actually been getting
• 14:00
  silver, silver bugs hitting my my, my timeline the last couple
• 14:05
  of days 'cause I've been trolling them that Bitcoin is
• 14:06
  the hardest, soundest money in the world and, and man, silver
• 14:11
  bugs. I, I can't even I can't even go
• 14:13
  with it. All right.
• 14:14
  And the total percentage of Bitcoin that will ever be
• 14:16
  issued, I repeat, that will ever be issued is that 93.74% the
• 14:20
  realized monetary inflation taking Fiat currencies of school
• 14:23
  is 1.73% and about to be cut in half.
• 14:25
  Love to see it. It is solidifying itself as the
• 14:28
  soundest, hardest, most unfuckable money in the world
• 14:32
  and roughly 50 blocks. Just love to see it.
• 14:35
  And the pending fees, at least according to the Manpo that
• 14:37
  Clark Mooby's connected to, is 15.48 BTC.
• 14:40
  Remember guys, I was telling you, I, I told you this
• 14:43
  yesterday, the fees might get crazy considering all of this
• 14:46
  stuff happening around block 840,000.
• 14:50
  There's you know, the ordinal Maxis out there, there's this
• 14:52
  new D Gen. shit coin thing called runes about to get
• 14:55
  unleashed at 8:40. So we might be seeing some crazy
• 14:59
  fees later tonight. It should you know it, it should
• 15:03
  find its way to to uh, uh, equilibrium.
• 15:06
  But hey, have you been waiting to consolidate your UTXOS?
• 15:09
  Maybe today is not the day, guys.
• 15:11
  Maybe you want to give it a couple of days.
• 15:13
  We'll see what have maybe maybe the the having block comes by
• 15:16
  with no fireworks, but I think I think we might have some
• 15:19
  fireworks later tonight. Anyways, the blocks to happening
• 15:22
  55 as you guys know, the having estimate, at least in America is
• 15:26
  April 19th, 2024. Unfortunately, we are one day
• 15:30
  behind the meme day, but hey, you never know, maybe maybe it
• 15:33
  takes 2 to 3 hours to get some of these blocks and we actually
• 15:36
  hit the April 20th. That would be hilarious.
• 15:39
  And then the these are the new numbers I added for you guys.
• 15:41
  So I know everyone out here that's like, oh, Opti's talking
• 15:45
  about the price, like, oh, let's not talk about the price day
• 15:48
  since all time high. I don't I didn't I I didn't even
• 15:51
  know this was a number on Clark Moody's dashboard.
• 15:52
  But it's only been 36 days and all you guys are getting
• 15:55
  absolutely bearish out there like it's over for Bitcoin.
• 15:57
  It's been literally barely over a month and we haven't hit an
• 16:01
  all time high and everyone's already tuning out all all the
• 16:03
  bitcoins are such bears. It's like if the price doesn't
• 16:06
  just pump consistently, we're like, oh, it's over man.
• 16:08
  And the decline from all time highs is only 13.6%.
• 16:12
  So guys like, relax, nothing's nothing's going wrong.
• 16:17
  Everything's good guys just keep stacking.
• 16:19
  This is Bitcoin on sale. If you like Bitcoin at 73 K,
• 16:22
  you're going to absolutely love it when it's 13% down.
• 16:25
  It's just cheaper sats. You get more sats for your
• 16:27
  dollar. Oh man, it's it's so frustrating
• 16:30
  talking to Normie sometimes. Anyways, what I really want to
• 16:33
  talk about here, and this is something we always talk about
• 16:36
  and we're about to get trolled in the chat because I'm going to
• 16:38
  say it and you guys always troll Nico about it.
• 16:41
  But this is the over 10 window shifting.
• 16:44
  Look, I'm not even the biggest Fox News fan, but shouts out the
• 16:48
  Charles Payne. He's an absolute Bitcoin maxi
• 16:51
  out here. Just spreading the signal to the
• 16:53
  boomers out there that still watch television on Fox.
• 16:56
  And you know, again, we say it all the time.
• 16:57
  It's not left first, right. It is orange versus green.
• 17:00
  But hey, Fox News is doing a very good job of spreading the
• 17:04
  Bitcoin signal. Even though we covered on the
• 17:07
  show, I forget when it was, maybe it was Wednesday or
• 17:09
  something like that, about the fact that viewership on
• 17:12
  television is absolutely lower than some of the Bitcoin
• 17:14
  accounts that we know and love. So very few people are actually
• 17:18
  watching the television, but they're still doing Satoshi's
• 17:21
  work out there. They're still spreading the
• 17:22
  signal. They're they're at least trying
• 17:24
  to wake people up to what the real problem is.
• 17:27
  And Eric hit the nail on the head earlier.
• 17:29
  The real problem is the money, guys.
• 17:30
  It's always about the money and the money is broken.
• 17:34
  And This is why we're bitcoiners.
• 17:35
  This is why we are so hyped for the having.
• 17:38
  But enough of me ranting. Let's play this video real quick
• 17:41
  and you guys can see actually I'm going to I'm going to
• 17:43
  compare and contrast this. So these are two clips from from
• 17:46
  Fox that I'm going to play right now.
• 17:48
  And we got an unlikely hero from the UFC 300 and he went back on
• 17:52
  Fox and he's still spreading the signal.
• 17:54
  So let's kind of go into the first clip, which will be kind
• 17:57
  of more of the normie take of what's going on in the world.
• 18:00
  And then we just add the bitcoiner there and we basically
• 18:03
  say, hey guys, we have the solution.
• 18:05
  Like you guys have all these problems in the world, but it's
• 18:07
  very simple, it's very clear cut.
• 18:09
  It is Bitcoin. It is simply Bitcoin.
• 18:11
  This is how you get out of this situation.
• 18:13
  So let's play this clip here again.
• 18:14
  This is on Fox News. But just listen to him.
• 18:16
  Just listen to him. You know, that Canadian clip is
• 18:18
  so scary because that really could happen in America.
• 18:21
  The Federal Reserve has already talked about potentially a bail
• 18:24
  in. They will not bail the banks out
• 18:25
  again, Charles, if anything happens, money could be frozen
• 18:29
  and clients and will be locked out.
• 18:30
  You believe that though? No, I don't believe that that
• 18:32
  would happen. Yes, I do.
• 18:34
  Do you believe they won't bail the banks out?
• 18:36
  Two things. You've got the Federal Reserve,
• 18:38
  which really is a bank for the wealthy.
• 18:39
  I mean, it's a bank for the banks and it banks for the
• 18:41
  wealthy. That's what they work for.
• 18:43
  They don't work for the US, for citizens.
• 18:45
  We, it's time people understood that.
• 18:47
  I'm so glad you said this because so many people think
• 18:49
  that because we're the world reserve currency that we have to
• 18:52
  build out the dollar that we won't let our system collapse.
• 18:54
  What they don't understand is what the BRICS nations are doing
• 18:57
  to basically do cross-border payment transactions in local
• 19:00
  currencies without a reserve alternative to the dollar.
• 19:03
  So yes, I believe with the amount of.
• 19:05
  Deficits that we're running, that we.
• 19:06
  We just seem to carte blanche. We're not in a war right now
• 19:08
  directly. We're not in a pandemic.
• 19:10
  And yet we're still getting a $7.3 trillion budget proposal
• 19:12
  from this administration. I think the rest of the world is
• 19:15
  saying America has taken modern monetary theory way too far.
• 19:19
  Well, they're finally saying what as Bitcoin has been saying.
• 19:21
  And you guys see the tag here, America going broke?
• 19:24
  No, it's been broke since 1971. Like normie conversation is so
• 19:28
  frustrating. Go.
• 19:29
  Go, Adam. What happened in 19?
• 19:31
  70 Yeah. What happened in 1971?
• 19:33
  I I wonder, man, but it's so funny, like, you know, they,
• 19:37
  they're even talking bad about the, the MMM tears, you know,
• 19:40
  modern modern monetary theory. They're they're out here like,
• 19:43
  wait, like, what's going on? What, what can we do?
• 19:45
  How, how do we fix this situation?
• 19:47
  They don't care about lowering the deficit.
• 19:49
  They don't even care about printing more money.
• 19:51
  And like, look at look at what bricks is doing.
• 19:53
  And we're over here like, yeah, guys, there is a solution.
• 19:56
  And shouts out to Renato Moshano.
• 19:59
  I don't know how to say your last name, bro.
• 20:01
  Apologies, but he goes on Fox. And he's just ripping the
• 20:06
  Bitcoin signal. And again, compare that last
• 20:09
  clip to what a UFC fighter is saying.
• 20:13
  And this is what we say all the time of bitcoins.
• 20:15
  You know 80 IQ Bitcoin plebs out here like we can barely speak
• 20:19
  English and yet we have the right point of view on the
• 20:22
  world. We are correct and it constantly
• 20:24
  shows because we just thrive and prosper and life gets better on
• 20:28
  a Bitcoin standard. Look at Renato on Fox, he's
• 20:31
  spreading the signal and if you compare and contrast what the
• 20:34
  Fiat minded pre coiners are talking about versus what
• 20:37
  bitcoiners are talking about on the same channel, it is night
• 20:39
  and day. Check this out.
• 20:41
  I also read that you think interest rates are going higher
• 20:44
  and that you want to get paid your MMA bonus in Bitcoin,
• 20:47
  right, 100% That's that's a huge part of the Austria economic
• 20:52
  school, right? Supply and demand and scarcity.
• 20:55
  And I think Bitcoin represents that the, the Bitcoin even
• 20:59
  though is is dropping a little bit, I think the is a defense
• 21:04
  against the, the, the tyrant state is a defense against
• 21:09
  inflation too, because eventually is going go up
• 21:11
  because everybody's knowing what Bitcoin is.
• 21:14
  And the dollar is losing value because the interest rates,
• 21:18
  because the government keeps printing money, keep doing
• 21:22
  handouts, keeping doing like welfare to the people.
• 21:26
  They, they are not trying to to, to control the supply of the
• 21:30
  money. They are always printing more so
• 21:32
  I think that's going to be beneficial to Bitcoin.
• 21:36
  Just absolutely love it. Absolutely love the contrast
• 21:41
  there. He like all right, first and
• 21:42
  foremost, let's just TLDR this. that Lady, she's sitting there
• 21:45
  like, oh, who knows what's going on?
• 21:47
  They're printing all this money. What's going to happen and the
• 21:50
  bitcoiner, someone said his last name is Moicano.
• 21:53
  All right, shots out Renata Moikano, I think, or yeah,
• 21:57
  sorry, I'm so bad with names. He just comes out here, clearly
• 22:01
  tells you what the problem is, clearly tells you what the
• 22:03
  solutions are. And he's like, yo, like, I don't
• 22:06
  have to listen to these people. I just want to get paid in
• 22:08
  Bitcoin. This is how you change the
• 22:11
  world. All you need to do is take
• 22:13
  Bitcoin into custody, save in Bitcoin, continue to talk about
• 22:16
  Bitcoin, continue to spread the signal so people understand
• 22:19
  what's going on. And the more eloquent you are
• 22:22
  like, look, I can barely speak English and yet we're here.
• 22:26
  I understand what's going on in the world.
• 22:27
  And it's all because of Bitcoin and this guy again, we are
• 22:31
  basically at the fall of the Roman Empire.
• 22:33
  You know, the bread and circus's meme and literally the gladiator
• 22:37
  that was in the circus understands what's going on with
• 22:40
  the crumbling of the empire better than the people that are
• 22:43
  supposedly knowing in the know the experts on what's happening
• 22:46
  in the world. You just absolutely love to see.
• 22:48
  And This is why we always say that the the Overton window is
• 22:51
  shifting bit corners are cracking the the echo chamber.
• 22:56
  We are breaking out and our signal is going mainstream right
• 22:59
  now. And I think in the next four
• 23:01
  years, it's going to be undeniable.
• 23:03
  Everything we've been saying as Bitcoiners is going to be
• 23:05
  popular mainstream consciousness.
• 23:07
  It might take a while till everyone gets on the Bitcoin
• 23:10
  standard, but it's our world and everyone else is just living in
• 23:13
  it. It's our meme world and everyone
• 23:15
  else is just living in it. Anyways, let's get Adam in there
• 23:17
  since he chimed in, and then we'll get Eric to do a rip.
• 23:20
  Yeah, man, you sit like you love to see it.
• 23:22
  The Overton window, man, I mean, we talk about it way too much,
• 23:25
  but it's so real. I think ultimately it's going to
• 23:28
  come down to people. People that will adopt Bitcoin
• 23:31
  are going to have a better life. And funny enough, it will not be
• 23:35
  America. The, the, the lack of interest
• 23:38
  in a Bitcoin standard is actually what is going to
• 23:40
  prevent America from, from, from thriving into the future.
• 23:45
  And I think that, you know, when we're seeing countries like El
• 23:48
  Salvador completely embrace and, and encourage their, their
• 23:52
  people to get on a Bitcoin standard, we're going to see
• 23:55
  these third party or these, these third world nations
• 23:58
  continue to dominate in, in economic prosperity throughout
• 24:02
  the future. We're really seeing this
• 24:04
  separation, this, this, this shifting of, of economic powers.
• 24:08
  And like we're witnessing it in real time.
• 24:10
  And it's actually, it's actually kind of insane.
• 24:13
  You know, the same way WTF happened in 1971, Like WTF
• 24:18
  happened in 2024? WTF happened in, in 2009 on
• 24:22
  January 3rd. It's absolutely remarkable that
• 24:25
  this moment in time is going to be talked about for centuries
• 24:30
  and and centuries and centuries and, and maybe not in certain
• 24:34
  parts of the world because they won't want the embarrassment
• 24:37
  that they didn't embrace Bitcoin.
• 24:39
  They won't want the embarrassment that they thought
• 24:41
  they could print their way out of disaster.
• 24:43
  I mean, you hear that, that that that news anchor like, you know,
• 24:47
  they think we won't let the dollar collapse as if you have
• 24:50
  any control, as if they have the ability to prevent a collapse
• 24:54
  when they're over inflating the dollar to ungodly levels.
• 24:58
  It's absolutely laughable that they think there is anything
• 25:02
  else in the world that matters compared to supply and demand.
• 25:06
  We have a certain supply of money and a demand from the GDP.
• 25:11
  Anything outside of that is smoke and mirrors and has a
• 25:13
  shelf life. The world has always functioned.
• 25:16
  How much do you produce versus how much do you consume?
• 25:19
  And as soon as that gets out of balance or there's a third kind
• 25:22
  of integer, you know, weaseling its way into that is when things
• 25:25
  start to get goofy. Short term, fine, but long term
• 25:28
  goofy. And we don't want long term
• 25:30
  goofy. Bitcoin puts an end to long term
• 25:33
  goofy. And I think that's just, that's
• 25:35
  why we're here, man. That's why the 5th epoch is
• 25:36
  going to be important. The 5th epoch is the mainstream
• 25:39
  epoch and we're starting to see it.
• 25:41
  People are like you want your whole bonus in Bitcoin, guys, in
• 25:44
  the 5th epoch, it'll be like you only took half your bonus in
• 25:48
  Bitcoin. What are you doing?
• 25:49
  How come only half like are you bearish bro?
• 25:52
  It's going to be absolutely mind blowing and and I need everyone
• 25:56
  to remember this is where I disagree with you, Opti.
• 25:59
  It is not dollars per Bitcoin. Dollars are not going or Bitcoin
• 26:03
  is not going up. The dollars are coming down.
• 26:06
  The increase that Bitcoin sees, one Bitcoin is 1 Bitcoin, 100
• 26:10
  million sats is 100 million sats.
• 26:12
  It's just your purchasing power that's changing.
• 26:15
  We gotta get out of this Fiat mindset.
• 26:17
  We gotta understand that Bitcoin is the root value only because
• 26:22
  it is a representation of the value that you create with your
• 26:25
  time. Eric's head at the top of the
• 26:27
  show. Our time is what scarce and
• 26:29
  Bitcoin is the perfect reflection of our time.
• 26:33
  We absolutely need no loco It is apoc.
• 26:36
  You're right. Thank you for the correction on
• 26:38
  the for the Canadian here. It is the perfect, a perfect
• 26:42
  representation of our time and how our time is and should be
• 26:46
  valued. Your your time, your value goes
• 26:49
  up, your stock increases as you get smarter, as you get faster,
• 26:54
  as you get more efficient, as you have some, some some St.
• 26:58
  cred coming in, your stock rises.
• 27:00
  That's how Bitcoin is designed. It follows and perfectly mimics
• 27:04
  your time. So I'm like obviously super
• 27:07
  bullish. One Bitcoin is 1 Bitcoin dollars
• 27:10
  are going down. Escape the clown world.
• 27:13
  Vote with your dollars. Let's go.
• 27:16
  Oh man, this is getting a little bit liberal.
• 27:20
  Let's start. You now it's Friday.
• 27:22
  It's the having, you know, it's the having simply Bitcoin
• 27:25
  string. I'm feeling good.
• 27:26
  And also Adam, I I think you're earning your stripes as Co host
• 27:30
  cause dunking on Opti is is that's how you get your stripes.
• 27:34
  That's how you get your stride from all right, Eric, what's
• 27:36
  your thoughts on these clips? What, what what What goes
• 27:40
  through your brain when you watch this stuff?
• 27:42
  Well, First off, word to all of that, Adam very well said.
• 27:47
  Yeah, you know that. What comes to mind is is you
• 27:49
  have this broken, broken, Keynesian, nebulous, modern
• 27:54
  monetary trash perspective. And when you listen to people
• 27:57
  try to explain MMT, it doesn't make sense.
• 28:00
  It's not mathematically sound. And so you have a lot of, I
• 28:04
  don't know, flood, gas lighting, it's like this, this back and
• 28:08
  forth. People don't read their
• 28:09
  pontificating on how this is taking place and what's that,
• 28:12
  what's going to happen. Here's the bottom line from my
• 28:14
  perspective. You have a debt based Fiat
• 28:17
  monetary system where the units are lent into existence is debt
• 28:21
  against assets. We live in a fundamentally
• 28:24
  deflationary world where we're making more of everything for
• 28:28
  less. So with human ingenuity and
• 28:30
  technology, we're driving real cost down on everything.
• 28:32
  However, the dollar denominated cost on everything has to go up.
• 28:36
  And so you have this artificial price pump you could say based
• 28:41
  upon them injecting more monetary units into the system.
• 28:44
  And so there's two ways for in the system.
• 28:47
  I mean, there's a multitude of ways that they can inject money
• 28:49
  into the system. And I personally don't think
• 28:51
  it's going to be a bailout because you'll cause mayhem on
• 28:53
  the streets. People will go crazy.
• 28:54
  You can't seize people's money. You can tax or you can inject A
• 28:59
  liquidity, you can debase. And if you debase too fast,
• 29:02
  prices go up too fast. If you tax too much, people go
• 29:05
  crazy. So it's this back and forth
• 29:07
  game. Like I think what took place
• 29:08
  with COVID is kind of interesting where you had all
• 29:12
  this stimulus and they essentially, I don't know, 40%
• 29:14
  of the money was was created. I don't know, my math could be
• 29:17
  wrong. But essentially you could say
• 29:18
  that they basically doubled the money supply within a year or
• 29:21
  two after COVID. In some sense, I believe that
• 29:23
  that was a very well orchestrated false flag to come
• 29:26
  up with a new reason on how to inject more money into the
• 29:29
  system because it can't happen in the same way that it's
• 29:31
  happened before. You'll have more people marching
• 29:33
  on Wall Street, you'll have mayhem on the streets, right?
• 29:36
  And so he'll come up with another creative way, another
• 29:39
  spending bill, whatever, because every time there's a default
• 29:42
  within the system as a result of the fundamentally deflationary
• 29:47
  forces in our civilization, we're pushing prices down.
• 29:50
  But there's exponentially more liabilities within the system
• 29:54
  and the dollar denominated value of those assets has to continue
• 29:57
  to increase. Otherwise everything goes
• 30:00
  insolvent. People stop paying their bills.
• 30:02
  Everybody's got negative equity. It's that proverbial bust the,
• 30:05
  the the mass BK right that requires all of these bailouts.
• 30:09
  So they're going to continue to inject liquidity or dollars into
• 30:13
  the system to keep the asset prices going up.
• 30:16
  The problem is, is that with fractional reserve banking,
• 30:19
  they're going up too fast. And so people are going crazy
• 30:22
  and everybody's figuring it out. Life, life's greatest teacher is
• 30:25
  pain. So as people feel more economic
• 30:28
  pain, the incentive to learn what is going on increases.
• 30:31
  And as people figure that out and they watch the NGU tech take
• 30:35
  place on Bitcoin, it's continuing to bring more
• 30:37
  awareness to Bitcoin. It's continuing to bring more
• 30:40
  signal that's cutting through all of the nebulous bullshit and
• 30:43
  FUD. And it's driving people into the
• 30:45
  hardest money on planet Earth, the hardest, the hardest assets
• 30:48
  ever exist. And so that incentive is going
• 30:51
  to increase. It's going to push more people
• 30:53
  into Bitcoin. As we look at countries like we
• 30:55
  were all just in El Salvador, at least you and I were Opti
• 30:58
  amongst a bunch of other revolutionary people celebrating
• 31:01
  the having being in El Salvador is quite interesting.
• 31:05
  It's the opposite vibe that we have here in the United States.
• 31:08
  Everybody is excited. Their life is getting better.
• 31:12
  What the government and the political regime there is
• 31:15
  telling them makes sense. It's not this confusing,
• 31:18
  nebulous, gaslighting, bullshit, clown world distraction, divide
• 31:23
  and conquer nonsense. It's just pure signal, hey, I'm
• 31:26
  going to protect your property rights.
• 31:27
  We're going to get rid of a bunch of these corrupt
• 31:29
  politicians. I'm going to put all these
• 31:31
  plundering, perpetrating gangs participating in their perpetual
• 31:35
  scumbagger. We're going to put them all in
• 31:37
  in fucking prison here. And the people are enthralled
• 31:40
  that the energy is so incredible in El Salvador.
• 31:44
  And I think that that's just this bright orange beacon to the
• 31:47
  rest of the world. People are waking up in addition
• 31:50
  to the economic pain that we're feeling.
• 31:52
  You know, I don't know about you guys, but I go and buy steak, I
• 31:55
  buy the food, I buy the supplies, I buy gas, I buy the
• 31:57
  things that I need to need to exist.
• 32:00
  And the upward price appreciation denominated in
• 32:02
  dollars in those things is a real, it's a real thing.
• 32:06
  But if I measure the value of the world in Bitcoin,
• 32:09
  everything's getting so much cheaper.
• 32:10
  And that is going to drive people in.
• 32:12
  I think that all of this fought on and confusion on the
• 32:15
  mainstream media. It's, it's two things.
• 32:17
  One, there's only one way to suppress the price and it's to
• 32:20
  get Jamie Dimon to get on NBC or CNBC and say, oh, Satashi is
• 32:25
  going to double the money, double the Bitcoin supply in
• 32:28
  2140. This motherfucker knows Bitcoin.
• 32:31
  He's the, she's the CEO of JP Morgan Chase who famously wakes
• 32:35
  up every morning and reads, do you think he doesn't understand
• 32:37
  Bitcoin? So I think they're, they're
• 32:39
  suppressing the price through a bunch of FUD.
• 32:41
  It's a mass SIOP. And I also think that it's just
• 32:43
  this confusion over everybody's like, oh, what are we going to
• 32:46
  do? What's the government going to
• 32:47
  do? I'll tell you what they're going
• 32:48
  to do. They're going to continue to
• 32:49
  print an enormous amount of money through monetary policy,
• 32:52
  fractional reserve banking, through spending bills, through
• 32:55
  grants, forgivable loans, all. We're going to loan your
• 32:58
  business hundreds of thousands of dollars.
• 33:00
  I got a friend, his mom owns a coffee shop.
• 33:02
  In the COVID stimulus, she got like $550,000.
• 33:06
  She has 12 employees. It's like, Oh yeah, you just
• 33:08
  filed these forms, we'll forgive you.
• 33:10
  That's a creative way to inject more money into the economy so
• 33:14
  that the asset prices continue to go up.
• 33:16
  It has to happen, otherwise everything is going to go bust
• 33:19
  and there's going to be mayhem on the streets.
• 33:21
  And so Bitcoin is capturing that economic energy at hyper rate,
• 33:26
  which also is fascinating in some sense because it's ethical.
• 33:28
  As the Bitcoin price rips, it doesn't really cause any
• 33:31
  problems for anybody. It's not a threat to anybody
• 33:33
  except for maybe people who don't have it.
• 33:35
  So yeah, I think it's a a phenomenal thing that's taking
• 33:38
  place. I think there's a lot of
• 33:40
  confusion based upon just the lack of understanding.
• 33:43
  But as the as people's pain increases, it's going to bring
• 33:46
  awareness to supply and demand dynamics.
• 33:48
  Austrian, the theory of Austrian economics, it's pure signal on a
• 33:52
  world, full bunch of noise. It's cutting through it all.
• 33:56
  I, I can't have favoritism here. I gotta give him some horns.
• 34:00
  We're going heavy on the horns today.
• 34:01
  But Eric, to clarify one of your points, I think the actual
• 34:05
  numbers were from 2020 to 2022, they printed 40% of all dollars
• 34:10
  that ever existed. And the last stat I saw was
• 34:14
  recently and I think it was this last year.
• 34:17
  And moving forward, they're printing a trillion dollars
• 34:20
  every 100 days. Like if, if that math doesn't
• 34:23
  scare you and you don't realize you are getting poorer every
• 34:26
  hundred days by a significant amount, like I don't know what
• 34:29
  will. And every time I go to the
• 34:30
  grocery store, I'm like, man, these rib eyes are getting more
• 34:33
  expensive. What's going on, at least in
• 34:35
  dollar terms. Obviously in Fiat terms,
• 34:37
  everything's getting cheaper. But you're like, man, it's
• 34:39
  almost like the money's broken. What's actually going on out
• 34:41
  here? And they're like, no, guys,
• 34:43
  trust us, trust the experts. We can control what's going on
• 34:45
  here. And you're like, I don't know,
• 34:47
  it looks like it's completely out of control guys.
• 34:49
  But hey, what do I know? I'm just a stupid big pointer
• 34:52
  here. So man, absolutely incredible.
• 34:54
  Adam, you want to chime in real quick before we get to dunking
• 34:57
  on Jamie Dimon? Dude like, well, I can't wait to
• 35:01
  dunk. I I mean we.
• 35:04
  Can dunk. Let's let's just start dunking.
• 35:05
  Let's just start. Dunking.
• 35:06
  Yeah, yeah, let's let's, let's just dive into dunking.
• 35:12
  The Daily News. I want to give a shout out to
• 35:16
  our sponsor Foundation Devices. It's self custody done right.
• 35:21
  They built a premium grade hardware wallet called Passport
• 35:24
  right here in the US. It's fully open source and
• 35:27
  verifiable. It's the most intuitive Bitcoin
• 35:30
  wallet designed with the UX reminiscent of a simple feature
• 35:34
  phone, so you will know how to navigate it and use it the
• 35:37
  moment you pick it up. Get your Bitcoin off exchanges
• 35:40
  and into your into your own hands in just a few minutes.
• 35:43
  Experience the Peace of Mind that comes with taking ownership
• 35:46
  of your own keys. After a massive sell out during
• 35:49
  Bitcoin Miami 2023, the passport is back in stock at
• 35:53
  foundationdevices.com. Bitcoin only open source,
• 35:57
  verifiable completely air gap security model, gorgeous design
• 36:00
  craft premium grade materials. If you're thinking about getting
• 36:04
  your Bitcoin off exchange changes, this is the one for
• 36:06
  you. Check out the passport link in
• 36:09
  the show notes below to learn more.
• 36:11
  Let's go boys and girls. Hit the QR code.
• 36:13
  Wait, hit the QR code right there.
• 36:15
  Get yourself a passport. It's absolutely beautiful.
• 36:17
  I would show you mine, but I locked it away so it's nice and
• 36:20
  safe, you know what I mean? You gotta do your thing.
• 36:23
  Anyways, I want to read one comment in here 'cause I, I
• 36:27
  think it's hilarious. Lars Larson goes, you can't get
• 36:30
  poorer if you don't have any money.
• 36:32
  This, this is what all the politicians and bankers are
• 36:35
  saying. They're like, you're not getting
• 36:37
  poorer, guys. You don't have any money.
• 36:39
  How can you get poorer if you're literally broke already?
• 36:41
  Absolutely love it. All right, guys.
• 36:43
  So as you can see from today's title, Jamie Dimon comes out
• 36:47
  again. I didn't, I couldn't, I didn't
• 36:48
  even connect all of the Jamie Dimon's videos of him saying,
• 36:52
  you know, Bitcoin for money launderers, it's a fraud, it's a
• 36:55
  Ponzi. You know, I, I didn't even get
• 36:57
  the Jack Mahler's clip of him, 'cause basically saying like,
• 37:01
  oh, what, what do I care about Jeffrey Epstein's banker telling
• 37:04
  me that Bitcoins freaking for criminals like in money
• 37:07
  launderers. Like I, I, I could have done all
• 37:10
  that, but we'd be here for way too long.
• 37:12
  So I just wanted to start with the one that we just saw what
• 37:16
  was this December 6th, 2023. So about four or five months ago
• 37:20
  where our favorite Karen in Washington, DC, Elizabeth
• 37:24
  Warren. And do you guys see she's trying
• 37:25
  to like ban smartphone monopolies today?
• 37:29
  They just love to complain. Anyway, it's totally different,
• 37:31
  different talk. So we have Elizabeth Warren and
• 37:32
  JP Morgan CEO Jamie Dimon both hate Bitcoin because it
• 37:36
  undermines the regime's monopoly on money.
• 37:38
  And we're going to dive fully into that.
• 37:40
  Eric and Adam touched on that in the beginning, but I, I just
• 37:43
  love this video here. When, when Elizabeth Warren and
• 37:45
  Jamie Dimon agree on things, you got to know something's wrong
• 37:49
  considering Elizabeth Warren basically built her platform on
• 37:52
  the Occupy Wall Street. She she built her platform to
• 37:55
  fight the banks and that she's just giving literal softballs to
• 37:58
  Jamie Dimon. Let me just play the video and
• 38:01
  then we'll catch the newest one and then we're going to dunk
• 38:04
  super hard on Jamie Dimon. I've always been deeply opposed
• 38:07
  to crypto Bitcoin, etcetera. You pointed out throwing a true
• 38:11
  use case for it as criminals, drug traffickers, anti money
• 38:14
  learning tax avoidance and that is a use case because it is
• 38:18
  somewhat anonymous not fully and because you can move money
• 38:21
  instantaneously and because it doesn't go through as you
• 38:24
  mentioned all these systems have built up over many years.
• 38:27
  Know your customer sanctions O FAC it's didn't get bypass all
• 38:31
  of that I if I was the governments I'd close it down
• 38:34
  OK, I've. Always been.
• 38:36
  Well. The funny thing is, is.
• 38:39
  Close it. Yeah, exactly.
• 38:41
  Well, you know, The funny thing is, is like, you can't shut it
• 38:45
  down, Jamie Dimon. Like, that's the beauty of this.
• 38:48
  And like, who asked you whether you can shut it down or not?
• 38:51
  Like, of course Elizabeth Warren asked him.
• 38:52
  But again, he's been saying this forever, jumping at him.
• 38:56
  It's like, hey, yo, all these criminals, they're breathing a
• 38:58
  lot of oxygen and I'm not happy about that.
• 39:01
  And so we should just just erase the oxygen?
• 39:04
  That's it. No more oxygen.
• 39:06
  The bad people are using it to breathe and live and we should
• 39:09
  just cut it right off. close the oxygen please.
• 39:11
  It's like, what an idiot. Yeah, and and really, while you
• 39:15
  were saying that, really reminded me of like the initial
• 39:18
  release of the Internet. They literally used the same low
• 39:22
  hanging excuses to stop the Internet.
• 39:24
  And look where we are now. No one's gonna stop the
• 39:26
  Internet. We're not going back to a world
• 39:28
  without the Internet. And you can say the same thing
• 39:30
  about Bitcoin. Bitcoin is literally steroids on
• 39:32
  the Internet. Dude, it's, it's proof of stake
• 39:34
  mindset. It's, it's when you've been in
• 39:36
  control for so long, you just don't actually have the ability
• 39:40
  to conceive that you're no longer in control.
• 39:44
  It's like it's, it's, it's fascinating to watch these Fiat
• 39:48
  maximalists try to prevent what is right for the most people
• 39:53
  because they know there's pain for them.
• 39:55
  They know it's going to hurt them and their bloodlines and
• 39:59
  they can't get on board. It's like just.
• 40:02
  That and I'm glad you brought that up I'm glad you brought it
• 40:04
  up before I play the new recent clip where he's basically saying
• 40:07
  the same thing I'm really glad you brought that up because when
• 40:11
  a new technology comes in when there's a new iteration and and
• 40:14
  there's a change in the system the people that are controlling
• 40:17
  the system, they will fight tooth and nail every way
• 40:20
  possible to maintain their position and that's what we're
• 40:23
  seeing right now and that's why Jamie Dimon is so afraid of
• 40:26
  Bitcoin. That's why Elizabeth Warren is
• 40:28
  playing cover for the banks as well.
• 40:29
  That's why all the central bankers out there are so afraid
• 40:32
  of Bitcoin. I was naive for a while where I
• 40:36
  was very, you know, arrogant in my Bitcoin takes up like, no,
• 40:39
  they just don't understand it, man.
• 40:40
  Like they don't understand the blockchain.
• 40:41
  They don't understand the technicalities.
• 40:43
  Like they, they don't really know what's going on.
• 40:44
  It's like, no, they fully understand one thing and it's
• 40:48
  that Bitcoin will destroy their power over money.
• 40:51
  And This is why they act so stupid on the television.
• 40:53
  This is why they call you a money launderer, financial
• 40:56
  terrorist, super shadowy super coder, and all the other they're
• 40:59
  crazy stuff. They call you a money launderer
• 41:01
  when he's literally the one money laundering, like the
• 41:04
  projection is out of control. Anyways, let's watch.
• 41:07
  Let's watch the recent clip. It's the same thing, but you
• 41:10
  just love that he's doubling down.
• 41:12
  And I just got to bring on some receipts about the billionaire
• 41:14
  FUD playbook that we always see happen.
• 41:16
  And you can't make this stuff up, but until you see it, you're
• 41:21
  not going to see it. So This is why we keep dunking
• 41:24
  on these people. Crypto, if you mean crypto like
• 41:28
  Bitcoin, I've always said it's a fraud, so no hope for it.
• 41:33
  Well, if it's if they think they're a currency, there's no
• 41:35
  hope for it. It's a Ponzi scheme.
• 41:37
  It's a public decentralized market.
• 41:39
  Crypto. Oh man, Ponzi for the people.
• 41:42
  Shouts out to Bitcoin. All right, and I'm gonna I'm
• 41:45
  gonna really go hard on the whole Ponzi idea in a minute,
• 41:48
  but I want to bring up some receipts guys.
• 41:50
  And this is just the old article about basically JP Morgan being
• 41:54
  the authorized participant for the BlackRock ETF.
• 41:57
  So on the one hand, he's coming out, he's like, I've been
• 41:59
  calling Bitcoin fraud forever, man.
• 42:01
  Like it's a Ponzi scheme, bro. Like you don't want to own this
• 42:04
  Bitcoin thing. And then on the back end he's
• 42:06
  like, yeah, you know, like if you dumb people want to buy
• 42:08
  Bitcoin, like I'm gonna, I'm gonna get rich off of it.
• 42:11
  So don't listen to what they say guys.
• 42:14
  Watch what they do. And just for people that don't
• 42:16
  know, you know, I'm over here on Investopedia.
• 42:18
  What is an authorized participant?
• 42:20
  An authorized participant is an organization that has the right
• 42:23
  to create and redeem shares of an exchange traded fund, the
• 42:25
  ETF. They provided a large portion of
• 42:27
  the liquidity in the ETF market by obtaining the underlying
• 42:31
  assets required to create the shares of an ETF.
• 42:34
  Again, he's literally holding Bitcoin to be the authorized
• 42:39
  participant for the BlackRock ETF and yet he comes out on
• 42:42
  television and straight up lies to the people out there that he
• 42:45
  hates Bitcoin. It's a fraud, it's a Ponzi.
• 42:48
  It's like, man, which one is it bro?
• 42:50
  This is why I tell you all the time, the billionaire flood
• 42:53
  playbook is the same thing that you, once you see this happen,
• 42:57
  you understand what they do. They come out, they say they
• 42:59
  hate Bitcoin for frauds, for money launderers.
• 43:01
  It's for criminals, it's for financial tariffs, whatever they
• 43:04
  wanna paint us at. And they try to manipulate the
• 43:07
  price. They try to suppress the price.
• 43:09
  They get Bitcoin at a good price that they want.
• 43:12
  They stack their bags and then once their bags are packed,
• 43:16
  they're like, oh, yeah, bro. Like, you know, I love Bitcoin.
• 43:18
  I always saw Larry Fink do the same thing.
• 43:20
  And like, Jamie Dimon is just continuing to do the same
• 43:23
  playbook. He's trying to pack his bags.
• 43:25
  He understands what's going to happen when we finally get the
• 43:28
  next leg up in this bull running.
• 43:29
  Things get crazy. And of course, I told you I was
• 43:32
  going to. I was going to touch on the idea
• 43:35
  that Bitcoin is a Ponzi. Well, I don't know.
• 43:38
  We kind of touched on it earlier, but I think the real
• 43:40
  Ponzi is the dollar. It's literally backed by thin
• 43:43
  air. It's literally debt that the
• 43:45
  cantion inside profit off of. They can print money out of thin
• 43:49
  air to acquire assets. We get left holding the bag and
• 43:52
  this one. This is outdated.
• 43:54
  I couldn't find the 2024 version but just a visual picture here.
• 43:57
  The dollars worth the purchasing power of the dollar has been
• 44:00
  decimated since 1913 and it's gone even down as we were
• 44:04
  telling you earlier, they printed roughly about 50% of all
• 44:09
  dollars in existence that ever been existed in 2020 to 2022 and
• 44:14
  beyond. So I would say that our
• 44:16
  purchasing power is probably at like, I don't know, $0.50 Now
• 44:19
  who who knows? We you'll never know because all
• 44:23
  of the data is faked and no one has any idea.
• 44:26
  But even according to their official data, it's going
• 44:29
  absolutely parabolic. Guys, this is the Saint Louis
• 44:32
  friend own charts of the M2 money supply.
• 44:35
  Here's 20, 20. You can literally see the jump
• 44:37
  here from 15 to 21. And I think this is continuing
• 44:43
  to go up even though they're manipulating the numbers and CPI
• 44:45
  is going down, bro. Like, trust us, bro.
• 44:47
  Everything's good, bro. But I love the US debt clock,
• 44:51
  and I think this really drives a point home.
• 44:55
  We're almost at $35 trillion, guys.
• 44:56
  This is literally unpayable. Like by definition, there's no
• 45:01
  way we can pay this debt back. And even by their own
• 45:04
  calculations, the US federal tax revenue, they're only bringing
• 45:07
  in $4.7 trillion of actual theft from you guys.
• 45:12
  So which one's the real Ponzi, guys?
• 45:14
  Is it the dollar or is it Bitcoin?
• 45:16
  Is Bitcoin the Ponzi for the people and the dollar is Ponzi
• 45:20
  for the Fiat cantillion Insiders like what is going on here?
• 45:24
  And on that note, let me full screen myself real quick.
• 45:27
  If you are listening to these people, the very people that are
• 45:30
  the problem, the very people that are controlling and
• 45:33
  manipulating the money supply, you are not going to make it
• 45:37
  like you need to unplug from all legacy media.
• 45:41
  You literally have to laugh at the official numbers because
• 45:44
  they are all faked. I keep on getting reminded of
• 45:47
  when Balaji came out a couple months ago talking about the
• 45:49
  USSR and how they used to fake the factory numbers and then
• 45:53
  eventually everything they were producing just fell apart.
• 45:56
  Well, we are in that position in the USSA.
• 46:01
  Except for they're not faking the factory numbers here,
• 46:04
  they're faking all the financial numbers.
• 46:06
  Hence why if you listen to any of the official data out there,
• 46:10
  you're lost in the sauce. You're completely detached from
• 46:12
  reality. Your life is going to get
• 46:14
  harder, you're going to get poorer.
• 46:16
  So you need to stack SATS. Get off 0, continue to stack
• 46:19
  SATS, continue to take Bitcoin into custody.
• 46:22
  This is how you win, go forth and prosper by saving in Bitcoin
• 46:27
  and it's a man life's so much better than you can just laugh
• 46:29
  at Jamie Dimon and his friends out there.
• 46:31
  And this is what we do here. Anyways, I'm going to start with
• 46:34
  Eric 1st and then we'll we'll wrap it up with Adam.
• 46:38
  All right, wow, let's see if I can unpack this here.
• 46:41
  I got a lot of thoughts. I'll try to distill them down to
• 46:43
  the most important things here. So First off, I have a friend
• 46:47
  who always tells me that I give too much credit to the people
• 46:50
  who are running the show. He's like, these guys are
• 46:52
  idiots. I like to think that these
• 46:54
  people are intelligent and they know what they're doing.
• 46:56
  So from that perspective, Jamie Dimon is the CEO of a bank.
• 47:01
  He's not an absolute buffoon. He has to be somewhat
• 47:04
  intelligent to get into that position.
• 47:06
  And so TikTok next block, right? The only way to suppress the
• 47:11
  Bitcoin price, it's not by issuing more Bitcoin.
• 47:15
  It's not by, I don't know, splitting it or whatever, right?
• 47:19
  There's only one way to do it, and that's to create confusion
• 47:21
  within the marketplace to deter your everyday individual from
• 47:25
  purchasing it. And we're indoctrinated in what
• 47:28
  I like to call government indoctrination camps.
• 47:30
  Most people call them schools. We're told to believe, told,
• 47:35
  we're told to believe the government and what these
• 47:37
  important officials say. And so I think it's a it's a big
• 47:40
  distraction so that they can figure out how to develop a
• 47:43
  position. You know, it's game theoretic.
• 47:46
  We all, all of us Bitcoiners understand the game theory
• 47:49
  behind this. You need to adopt this
• 47:51
  technology or you have an existential crisis, right?
• 47:54
  And so it's like, you know, what comes to mind is, is some
• 47:58
  blacksmith a long time ago. I'll botch the details, but
• 48:01
  you'll get the point. He takes it, takes a bunch of
• 48:03
  iron and makes a tube and puts a ball in it with some gunpowder
• 48:08
  and creates a cannon. He goes to the Ottoman Empire,
• 48:11
  to the emperor, and he's like, hey, check it out.
• 48:12
  I got this new technology, right?
• 48:14
  You really want some of this? It's a kinetic power projection
• 48:17
  device that's really going to help you defend yourself in this
• 48:21
  this world of warring nations, right?
• 48:24
  The emperor says, no, you know what?
• 48:25
  I got the biggest, baddest castle ever.
• 48:28
  I got it. Look at my walls.
• 48:29
  You can get fucked. You want too much.
• 48:30
  I want none of your capitalistic entrepreneurial ways.
• 48:33
  You could take your technology somewhere else.
• 48:35
  I want none of it right? What does he do?
• 48:37
  He goes to a neighbor warring nation of some sort, some
• 48:39
  Sultan. A year later this motherfuckers
• 48:42
  castle is getting blown to smithereens.
• 48:45
  And so I personally believe that Jamie Dimon, he fully
• 48:49
  understands what he's grappling with.
• 48:50
  He fully gets it. And so if you're buying into the
• 48:53
  FUD and you're buying more dollar derivatives because
• 48:56
  you're listening to the bank, the CEO of JP Morgan Chase, who
• 49:00
  also by the way, doesn't he get fined like every couple years
• 49:03
  for spoofing the silver mark? Like so if you're believing this
• 49:07
  guy like I have AII would suggest that you wake the fuck
• 49:10
  up, right? And so on that note also, I'll
• 49:12
  just throw this in there since we're going silver and my humble
• 49:16
  opinion is an absolutely terrible investment.
• 49:18
  It's a terrible monetary instrument.
• 49:20
  The idea makes sense. But here's the problem.
• 49:23
  Once again, I'm a commodity producer.
• 49:26
  As the price goes up, the incentive to dump more on the
• 49:29
  market goes up. So if we have a price pump and
• 49:33
  silver and it goes to $4040 an ounce or something, you're going
• 49:36
  to make a bunch of unprofitable miners profitable and they're
• 49:40
  going to go rip up the forest floor and dump more on the
• 49:43
  market. That and there's no way to to
• 49:45
  know how much silver there is. It's an unauditable supply.
• 49:49
  Terrible investment. Absolutely a terrible
• 49:51
  investment. I used to buy gold and silver
• 49:53
  before I had the epiphany, mind blowing understanding that
• 49:56
  Bitcoin is the hardest substance.
• 49:57
  Sailor says this hardest substance in the known
• 49:59
  motherfucking universe, right? And so, yeah, JP Morgan Chase,
• 50:05
  you know, Jamie Dimon, he's full of shit.
• 50:06
  He's lying. He's doing it intentionally.
• 50:08
  He's not a dummy. He's the CEO.
• 50:10
  He didn't just wake up yesterday and get hit in the head and
• 50:13
  forget how to become a successful individually.
• 50:15
  He climbed the ladder. He does what he needs to do to
• 50:19
  win at the game, right? This guy's a winner.
• 50:21
  JP Morgan Chase, they've been winning in the Fiat paradigm.
• 50:24
  The strategy has now changed because there's a new monetary
• 50:26
  instrument within the marketplace and they want to
• 50:29
  develop a position. And if they came out, if he came
• 50:32
  out a couple years ago, so, and it's like, yeah, this is a super
• 50:34
  fascinating thing as as the demand increases, the supply
• 50:37
  doesn't change. That's a big deal.
• 50:39
  As a matter of fact, we've been spoofing the silver market
• 50:41
  because we like the supply and dot supply and demand dynamics
• 50:44
  around silver. The price would rip if Gary
• 50:47
  Gensler came out, which we all know what he believes.
• 50:49
  And it's like, look, all these other shit coins are
• 50:51
  unregistered securities and we're going to sue them all.
• 50:53
  And the United States government is really slow.
• 50:56
  And I don't give a fuck if it takes us 100 years.
• 50:58
  We're shutting them all down. You know what happens is a bunch
• 51:00
  of plebs sell their dog coins and they move into Bitcoin and
• 51:03
  the price is going to be fucking $1,000,000 a coin.
• 51:06
  And Jamie Dimon and all his, I don't know, unethical scumbag
• 51:10
  homies are going to have to buy $1,000,000 Bitcoin instead of
• 51:13
  $70,000 Bitcoin. So if you can't see through
• 51:16
  that, I advise you wake up, Pay attention.
• 51:19
  These people have a history of lying.
• 51:21
  It's a, it's, it's game theory. It's the oldest trick in the
• 51:23
  book. Yeah, that's what I think.
• 51:26
  Man, love it. Love it.
• 51:27
  Dude, I knew today. Oh, oh, yo, I knew today was
• 51:34
  going to be a rip of a show. All right, guys, before I pass
• 51:36
  this over to Adam, we have 1200 people watching right now.
• 51:40
  Smash the like button. If you think we're going to rip
• 51:42
  it even harder in the last, what, 30 minutes of this show?
• 51:45
  Smash the like button, share all this stuff, But I do want to
• 51:48
  read a comment. Shouts out the golden ego.
• 51:50
  You gave us a $50 super chat. Absolute legend.
• 51:54
  Really appreciate it. You know Super chat $50.00, the
• 51:56
  old legacy finance people are at it again when BTC or with BTC.
• 52:01
  Is Jamie Dimon having an OK boomer moment?
• 52:04
  No, he is just straight up lying.
• 52:06
  He's straight up lying at this point.
• 52:08
  All right, Adam, what's your thoughts on all this stuff?
• 52:10
  I know there's a lot to unpack, but rip it.
• 52:13
  Which angle do you want to take this?
• 52:14
  Yo, they're getting lazy. They're just they, they just
• 52:18
  disrespect you with those kind of takes.
• 52:21
  It's it's, it's a very proof of stake mindset.
• 52:24
  And honestly, I think it goes much, much deeper than the
• 52:27
  dollar. They want to control.
• 52:29
  They want us to be in a state in a position where we have to
• 52:34
  listen to them because they are the experts, because they are
• 52:37
  the ones that have made you rich in the past.
• 52:41
  The problem with Bitcoin is that everything loses its value
• 52:45
  against Bitcoin, right? We all say Bitcoins going up,
• 52:49
  but like I said, it's Bitcoin or it's dollars and everything else
• 52:52
  going down against Bitcoin. What's the point of the bank if
• 52:56
  you can just hold Bitcoin in self custody and stay wealthy?
• 53:00
  There's just there's a catastrophic end coming to their
• 53:03
  reign. Eric said it as kings, as fake
• 53:06
  kings. And they know it's coming.
• 53:08
  And so they're doing everything that they can.
• 53:10
  They're like a little kid in a grocery store.
• 53:12
  Like I've got 4 kids. I know what this is like when
• 53:15
  they want something and you're like, lower your time
• 53:16
  preference, son. No.
• 53:18
  And it's like clawing and grabbing at the ceiling.
• 53:22
  You know, you're carrying them out by their by their torso and
• 53:25
  they're just like having a an emotional child moment.
• 53:29
  This is the Fiat industry that we are currently in.
• 53:31
  This is the point that we are currently in, you know, the
• 53:34
  stages of of grief, the stages of denial that that that they
• 53:38
  are currently seeing is just out of hand.
• 53:41
  And I don't think it's going to get better.
• 53:43
  They're going to continue to lie.
• 53:45
  The fact that they can so arrogantly, like if I went into
• 53:48
  the land of the Bitcoiners and I said, hey, just so you guys
• 53:52
  know, you know, Bitcoin supply is not capped, I'd be ripped
• 53:56
  apart because everybody's aware, everybody's awake, everybody's
• 54:00
  educated, everybody's audited the code or at least trust
• 54:02
  someone that has audited the code.
• 54:05
  And we know that's wrong. This guy has had so much
• 54:08
  control, so much power. He's had the ability to lie to
• 54:11
  us for decades and he gets away with it.
• 54:14
  He keeps printing himself or he's friends with the guys.
• 54:17
  His buddies in in in parliament print themselves to have these
• 54:22
  self fulfilling prophecies, these lies that he's been able
• 54:24
  to tell. And you can't do that with
• 54:26
  Bitcoin. Bitcoin exposes the lie.
• 54:29
  Bitcoin exposes the Fiat mind virus.
• 54:32
  Bitcoin exposes the way that these people have been able to
• 54:35
  treat us for centuries. And finally, finally, you're
• 54:40
  going to get rid of this lying, the incentive to lie, the, the
• 54:44
  incentive to to fight each other.
• 54:46
  Because under a Bitcoin standard, there's no more
• 54:48
  fighting, there's no more war, there's no more you in
• 54:51
  competition with your neighbor in the unhealthy way.
• 54:54
  There's just friendly competition.
• 54:56
  There's competition like when I want to be a better host than
• 54:59
  Opti, all I got to do is show up and work hard.
• 55:03
  And Opti has to show up and work hard and everybody else just
• 55:07
  gets a better product at the end of it.
• 55:09
  But that's friendly. Opti and I are still going to
• 55:11
  DAP it up and be like, that was busting stray gas blessing.
• 55:14
  No cap, no cap. We know what's happening.
• 55:18
  But when you insert this third party, when you insert this,
• 55:23
  this manipulative environment, then Opti and I get into cheater
• 55:27
  mode. We get into fight barbarian
• 55:30
  mode. Not in the good way.
• 55:31
  I start taking his knees out. I take low blows.
• 55:34
  He's incentivized to do the same.
• 55:35
  Because we're no longer in a free market.
• 55:37
  We're no longer in a market that encourage us, that encourages us
• 55:41
  to be our best self while also being honorable.
• 55:44
  We remove the honor from the system when you remove the
• 55:47
  integrity of the dollar. Bitcoin is full integrity, which
• 55:51
  means a Bitcoin standard will have full honor.
• 55:54
  Remove the liars. Start with education.
• 55:57
  Educate your kids. Have more kids.
• 55:59
  If you're married, have children.
• 56:01
  If you have Bitcoin, have children.
• 56:03
  It is absolutely the best way to prevent the Fiat mine virus from
• 56:08
  spreading throughout the earth. We need to be bullish on the
• 56:11
  next generation. Don't stack for your first name,
• 56:13
  stack for your last name. Well, you know, Adam, you're
• 56:19
  really, really earning your stripes on today's show as Co
• 56:22
  host. That's two Opti dunks.
• 56:24
  OK, All right. You're really you're really
• 56:27
  you're really making some some waves here.
• 56:29
  When what are like, what are the chances we just got like a legit
• 56:32
  dunk tank and we can just throw like apples or something at the
• 56:36
  at the like, you know, dunk Opti.
• 56:40
  As long as they're paying in Sats, I will do it.
• 56:42
  I'll, I'll. Do it lightning dunks.
• 56:45
  Dude, we got Opti's Taco feeder. We're going to have Opti getting
• 56:49
  dunked feeder. All right, anyways, anyways,
• 56:52
  let's get in the culture guys. I, I already know what we're
• 56:55
  going to talk about and I think you guys are going to really
• 56:57
  enjoy this conversation. It's it's not going to be all of
• 57:00
  us agreeing for once. We might have a little debate on
• 57:03
  today's show in the culture. So you guys are going to love
• 57:05
  this one. The daily culture.
• 57:16
  All right, guys, before we do that, scan the QR code.
• 57:19
  I'm I'm I'm getting confused over here.
• 57:21
  Make sure you go to orangepillapp.com stack friends
• 57:24
  who stack sats guys, if you're traveling and you want to hang
• 57:27
  out with bit corners, if you want to find a local meet up, if
• 57:29
  you just want to chat with bit corners and see if there's even
• 57:32
  bit corners around you, get on the orange pill app, connect
• 57:35
  with Bitcoin and rather connect with bitcoiners.
• 57:38
  This is the most important thing to do.
• 57:39
  Look, we're all on the Internet. Yes, we're doing all this
• 57:42
  remotely, but there is a fundamental difference when you
• 57:46
  hang out with bitcoiners in person.
• 57:47
  If you are the sole crazy bitcoiner in your community at
• 57:52
  home, if all your big, all your normie friends are like, man,
• 57:54
  you're crazy. What are you talking about bro?
• 57:57
  Get on orange Pearl app, connect with bitcoiners.
• 58:00
  This is the way guys. This is how we win is by
• 58:02
  building strong communities within meet space.
• 58:06
  This is the way all right and the next one shouts out to the
• 58:08
  boys over at kaboom racks. They're the goats.
• 58:11
  I absolutely love these guys. They got an awesome team, huh?
• 58:13
  Say it. Say.
• 58:14
  It. They busting for real?
• 58:16
  No cat. The best place to buy, sell and
• 58:22
  host your Bitcoin mining equipment.
• 58:24
  We're going to see the halving tonight today at some point
• 58:28
  maybe tomorrow who knows, but if you've been thinking about
• 58:31
  getting some a six you've been you know getting the itch to get
• 58:34
  into the Bitcoin mining space, get in touch with the kaboom
• 58:36
  racks team. They will answer all your
• 58:39
  questions. Shouts out to my boy Alex.
• 58:41
  He was telling me the other day that there might be some
• 58:44
  fireworks in the public Bitcoin mining space.
• 58:46
  So S nines and S 19. They might be on sale.
• 58:50
  You might be seeing a fire sale out there, guys, but if you have
• 58:53
  questions, if you have concerns, get in touch with the team and
• 58:57
  they'll walk you through this. They'll literally tell you if
• 59:00
  you should be mining, whether it makes sense to you or not.
• 59:03
  And they're not just going to sell you stuff just to sell you
• 59:06
  stuff. They want to make sure that you
• 59:09
  understand what you're doing. So shouts out to the Kaboom
• 59:12
  Racks team. There they go.
• 59:14
  It's out there. All right, guys.
• 59:16
  Anyways, we got a great, great rip.
• 59:19
  So first and foremost, Eric came on last time, was absolutely
• 59:22
  ripping it and he wanted to re kind of hint on the idea of
• 59:27
  regulating Bitcoin. So I'm gonna tee you up on that
• 59:30
  one. Eric.
• 59:31
  Let's talk about your thoughts on regulation.
• 59:33
  I'll pass it over to Adam. I know you guys may or may not
• 59:36
  agree on. And then we're going to talk
• 59:37
  about the six one O 2, which I know you guys aren't going to
• 59:40
  fully agree on. So Eric, jump on the idea of
• 59:43
  regulating Bitcoin and then we'll segue into what might be
• 59:47
  future possibilities on 61O2. Yeah.
• 59:52
  So, all right, I look at this through the perspective of being
• 59:55
  a cannabis producer. I've been producing cannabis in
• 59:58
  the state of California professionally since 2009.
• 1:00:02
  And a quick little. History here in 1996, Prop 215
• 1:00:07
  was passed, that was medical marijuana.
• 1:00:09
  So you could you could start A5O1C3, which is a nonprofit
• 1:00:13
  corporation and you could distribute and share medicine in
• 1:00:18
  between your patient collective, right?
• 1:00:20
  And what unfolded as a result of the economic incentive, because
• 1:00:24
  there was so much more demand for cannabis than there was
• 1:00:27
  supply, meaning there was a huge margin, right?
• 1:00:29
  And so a multi billion dollar industry developed in the state
• 1:00:34
  of California, epic, huge, you know, industry people know who
• 1:00:39
  have been to California, you know, dispensaries were popping
• 1:00:42
  up on every single corner, etcetera.
• 1:00:44
  And in night in 2015, the governor at the time, Jerry
• 1:00:49
  Brown signed into effect a bill called MERSA, the Medical
• 1:00:53
  Marijuana Safety Regulations Act.
• 1:00:55
  And he did so preemptively, knowing that the probability
• 1:00:59
  that in 2016 that the people of the state of California were
• 1:01:03
  going to vote into effect Prop 64, which was adult use
• 1:01:07
  recreational cannabis and MRSA put into it, led the way for the
• 1:01:14
  most basic regulatory framework. And as an example, essentially
• 1:01:19
  what MRSA said is, is that the county, the small municipalities
• 1:01:23
  can either prove or deny cannabis activity within their
• 1:01:27
  area. And if you're going to approve
• 1:01:29
  it, you have to launch a land use ordinance and you got to
• 1:01:31
  create whatever rule set you're going to have.
• 1:01:33
  Once the county permits, then the state will license.
• 1:01:38
  And it was a great carrot and a stick type strategy where if you
• 1:01:41
  come in to compliance, as they say, come into compliance, we're
• 1:01:45
  going to put you on the fast track to getting approved for
• 1:01:48
  your state license. And the whole industry,
• 1:01:50
  generally speaking, wanted to be licensed by the state.
• 1:01:53
  These are business owners who have a passion for producing
• 1:01:55
  cannabis. They believe in what they're
• 1:01:57
  doing, so on and so forth, right?
• 1:01:59
  And as an example of what unfolded in Humboldt County,
• 1:02:03
  which is where I reside and where I've been producing
• 1:02:05
  cannabis, visible via satellite, you can take a tour on Google
• 1:02:10
  Maps and you can see all these farms.
• 1:02:11
  They're giant greenhouses that are visible from space.
• 1:02:14
  There was 12,600 and some odd farms.
• 1:02:17
  When MERSA was signed into effect.
• 1:02:19
  There was nine months and Hubbell County came right out of
• 1:02:22
  the gate and had a land use ordinance.
• 1:02:24
  It was revolutionary. They were the first on the
• 1:02:26
  scene. There's the Mecca of cannabis
• 1:02:27
  production in the country, in the world, whatever, right?
• 1:02:30
  So they're progressive. They have their land use
• 1:02:32
  ordinance. They say you need to register
• 1:02:34
  your farm in nine months, by the end of the year, by the end of
• 1:02:36
  2015 out of 12,600 and some odd farms determined to be of
• 1:02:42
  commercial scale. This isn't.
• 1:02:44
  This isn't like warehouses. This isn't people growing
• 1:02:47
  cannabis in their garage. This is large scale farms
• 1:02:51
  visible from satellite. 123 people turned out and registered
• 1:02:55
  their farms. The cannabis community at large
• 1:02:57
  says you can get fucked with your regulations.
• 1:02:59
  You want us to put in big roads? You want us to put in live
• 1:03:03
  streaming video footage. Your fees are excessive.
• 1:03:07
  This is crazy. And you know what the government
• 1:03:09
  did instead of sending letters, which they could do to the
• 1:03:12
  property owners, which is all public information, instead of
• 1:03:15
  sending squads of SUV's out to go and to penalize these people
• 1:03:19
  or shut them down. You know what they did?
• 1:03:21
  They went back to the drawing board and they came back with
• 1:03:24
  much more favorable terms. They bent the knee and they
• 1:03:28
  capitulated into the preferences of the business owners.
• 1:03:31
  Why? Because they want the taxes,
• 1:03:33
  they want the licensing fees, they want to regulate this
• 1:03:36
  industry because they need to make money, right?
• 1:03:40
  So when I think about that and I think about Bitcoin, you got
• 1:03:45
  visible farms from space that are, you know, and our
• 1:03:47
  dispensaries, etcetera. You got brick and mortar
• 1:03:50
  locations that you can find very easily.
• 1:03:53
  Now let's think about Bitcoin. Can you even prove that somebody
• 1:03:56
  has their Bitcoin if they sent it into self custody?
• 1:03:59
  Last time I checked, every wallet spins up a new receiving
• 1:04:02
  address. Did I buy something?
• 1:04:04
  Did I send it to the right address?
• 1:04:06
  Do I have it? And if I do have it and you can
• 1:04:08
  prove I have it because I bought KYC.
• 1:04:10
  Oh here's another example. I actually know if I have.
• 1:04:12
  I have a couple friends. I got a buddy who lost 2 coins
• 1:04:16
  because he threw away a hard drive because they were worth
• 1:04:18
  like $500 a piece or something. He determined it wasn't worth
• 1:04:21
  the fees that he would have had to pay to get the hard drive
• 1:04:23
  recovered, so he tossed it. It was KYC.
• 1:04:26
  What is the government going to do?
• 1:04:27
  Are they going to send some vehicles to his house and water
• 1:04:30
  board him in some key extraction camp while they're feeding him
• 1:04:33
  bugs and he doesn't even have the Bitcoin?
• 1:04:36
  It's an energy in energy out world.
• 1:04:38
  You have to collect money and you, what your business
• 1:04:41
  practices are, have to be profitable.
• 1:04:44
  And so if you go around trying to rally up people's Bitcoin,
• 1:04:47
  you're going to fucking go out of business.
• 1:04:48
  You're not going to get the Bitcoin.
• 1:04:50
  And I watched the government bend the knee to the cannabis
• 1:04:52
  community with brick and mortar locations.
• 1:04:55
  They can't get the Bitcoin, You know, what does sailors say?
• 1:04:58
  It's trillions of times more energy to try to launch a 51%
• 1:05:03
  attack at the network than it is to protect it because of the way
• 1:05:06
  the miners operate versus the node.
• 1:05:08
  My node, what does it run? What does it take for my node to
• 1:05:11
  catch a fraudulent transaction? I don't know, a penny, a couple
• 1:05:13
  pennies, a fraction of a penny's worth of electricity.
• 1:05:16
  I believe that same that same concept applies to confiscating
• 1:05:21
  somebody's Bitcoin. How you going to get the
• 1:05:23
  Bitcoin? And another thing that comes to
• 1:05:24
  mind is is the photo and I don't know the details around it.
• 1:05:27
  It's just the image. Some guy sitting on his knees or
• 1:05:30
  sitting on the ground in front of a tank.
• 1:05:33
  He's like, look, you fucking evil doers could get fucked.
• 1:05:35
  You're going to have to run me over.
• 1:05:37
  I'm trying to stop this perpetration.
• 1:05:38
  How many people are actually going to give up their Bitcoin
• 1:05:41
  that have Bitcoin in self custody?
• 1:05:42
  They're not even going to do it. And here's what I'll say.
• 1:05:45
  Lastly, the current construct, the current system at and and in
• 1:05:51
  place can print money. Why would they go around trying
• 1:05:56
  to steal people's Bitcoin when Bitcoin is the hardest asset in
• 1:06:00
  the marketplace and we have a debt based Fiat monetary system
• 1:06:03
  where monetary units have to be lent into existence as debt
• 1:06:07
  against assets? Well, I'm just an ADIQ pled.
• 1:06:10
  I'm a fucking farmer dude. If I think about this from the
• 1:06:12
  perspective of being a banker, I'd rather lend money against
• 1:06:16
  Bitcoin. It's better than letting money
• 1:06:17
  against the house. And now is the bank.
• 1:06:19
  I'm taking possession of the Bitcoin.
• 1:06:21
  Why would I even go and try to 61 O2 doesn't even make sense.
• 1:06:25
  And then what? The government goes to Coinbase
• 1:06:27
  so they say hey, you have all this Bitcoin, you're a big
• 1:06:29
  honeypot. They steal the Bitcoin, What are
• 1:06:32
  they going to do then? Sell it overseas to fund their
• 1:06:34
  plunder. They can't spin the Bitcoin into
• 1:06:37
  the marketplace. They can't stop the people from
• 1:06:39
  having the Bitcoin. If the if all the governments
• 1:06:42
  were truly colluding together in an effective manner, I'd be more
• 1:06:45
  concerned about it. But there's just as much divide
• 1:06:48
  and competition on a macro level in the marketplace as there is
• 1:06:51
  on a micro level in the marketplace.
• 1:06:53
  And so if they start lending money against Bitcoin, they take
• 1:06:56
  possession of Bitcoin. And so why would they try to,
• 1:06:59
  to, to confiscate it if they can lend against it And it's supreme
• 1:07:02
  collateral. Let's say, for example, I go,
• 1:07:05
  I'm moving to a Tennessee as an example.
• 1:07:06
  I moved to Tennessee and I get a job and I'm living my happy
• 1:07:09
  little American dream or whatever, whatever we have left
• 1:07:13
  of it, right? And, and I'm remodeling my house
• 1:07:16
  and I got a fucking mortgage and someone rear ends me And now I
• 1:07:19
  got back problems and I go to the doctors and the Fiat doctors
• 1:07:22
  give me some fucking opioids and now I'm all fucked up on opioids
• 1:07:26
  and I lose my job and, and I go BK and the bank has to, to, to
• 1:07:31
  repossess the house and they got I go into foreclosure.
• 1:07:34
  What if my house is ripped the shreds because I'm in the middle
• 1:07:36
  of a, a remodel? I have the legal right to do it.
• 1:07:38
  As a matter of fact, I'm incentivized to remodel the
• 1:07:40
  house so I can get some of that equity.
• 1:07:42
  I can flip it for a profit, right?
• 1:07:44
  Well, honestly, a house is really shitty collateral.
• 1:07:47
  They lose money like cars do. It's just an optical illusion
• 1:07:50
  that's taking place because we value the house denominated in
• 1:07:53
  dollars, which is another moving metric.
• 1:07:55
  You don't. Most people don't realize that
• 1:07:57
  their houses are actually losing value.
• 1:07:59
  They have the optical illusion of it appreciating in value.
• 1:08:02
  So I believe the banks are going to come online with a, with a AB
• 1:08:06
  lock dude, they're going to, they're going to roll out the
• 1:08:09
  orange carpet for us guys, we have leverage in a way we've
• 1:08:13
  never had in all of human history.
• 1:08:14
  If you have Bitcoin in self custody, you're in, you're in a
• 1:08:18
  position of power. You know, listen to sailors say
• 1:08:21
  in a, in a, in a podcast, he goes, you know, I don't know.
• 1:08:23
  And these are my words. But the overlords, essentially,
• 1:08:26
  they have contempt for the weak. A bunch of weak, starving, sick
• 1:08:29
  over, you know, you're nutritionally deficient, you're
• 1:08:31
  overweight, you're eating a bunch of marshmallows, popping a
• 1:08:34
  bunch of pharmaceuticals, living off of fucking welfare.
• 1:08:37
  They don't want you. They have contempt for you.
• 1:08:39
  But if you, if you're powerful, they respect you.
• 1:08:42
  They have respect for us. And so, yeah, I don't think
• 1:08:46
  they're going to 6102 US. I think it's an absolutely
• 1:08:49
  enormous waste of energy. The current political regime has
• 1:08:53
  the ability to affect monetary policy, the banking bloodlines,
• 1:08:57
  they can print money, they can lend money into existence as
• 1:09:00
  Bitcoin. Bitcoin also to measure the
• 1:09:02
  inflation in the economy like Saylor says in Lex Friedman
• 1:09:05
  interview, he's like, you know, you can't measure inflation as a
• 1:09:08
  as a scalar. It's a vector because you have
• 1:09:10
  supply and demand dynamics taking place across the
• 1:09:12
  marketplace and different rates, right.
• 1:09:15
  Well, if housing goes up 5X over the next 10 years because they
• 1:09:18
  have to continue to debase the currency at hyper rate and we
• 1:09:20
  have that proverbial hyperinflation, people could be
• 1:09:23
  fucking homeless. That's a problem.
• 1:09:25
  But if Bitcoin is some extreme arbitrary example goes from
• 1:09:29
  62,064 thousand or whatever it is today.
• 1:09:32
  So let's say 64,000,000, it doesn't hurt anybody.
• 1:09:35
  It's invisible, right? And so actually also, and I'll
• 1:09:39
  leave my thought at this, if the bank start loaning money against
• 1:09:42
  Bitcoin in the form of AB lock, because let's not forget we have
• 1:09:46
  a debt based Fiat monetary system where monetary units have
• 1:09:49
  to continue to be lent into existence to keep the dollar
• 1:09:52
  denominated value of the assets going up.
• 1:09:55
  They now have Bitcoin on the balance sheet, right?
• 1:09:57
  And if the Bitcoin hyper inflates, then their balance
• 1:10:00
  sheet shreds. And if their balance sheet
• 1:10:02
  shreds, they don't don't need a bailout anymore.
• 1:10:04
  So I personally believe the more and more I think about this,
• 1:10:08
  Bitcoin is unwinding the detachment from reality or the
• 1:10:12
  limitations of the physicality of gold.
• 1:10:14
  It's like we it's like, it's like when metallic is like, oh,
• 1:10:19
  well, yeah, proof of work. We're limited to the laws of
• 1:10:21
  physics. But if we create a proof of
• 1:10:23
  stake protocol, we can have our funny loony cat purse fucking
• 1:10:27
  whatever reality. We could do whatever we want,
• 1:10:29
  right? And so it's bringing prudence,
• 1:10:32
  it's bringing responsibility, it's bringing solvency back into
• 1:10:35
  an entirely insolvent system. And I think it's absolutely,
• 1:10:40
  absolutely ridiculous to think that they could even effectively
• 1:10:42
  attempt to 6102 US. Love it.
• 1:10:45
  Love it. OK, Now on the flip side, Adam,
• 1:10:49
  you're a big 6102 advocate that it's coming.
• 1:10:52
  You literally have it on your wall right there.
• 1:10:55
  So I guess maybe playing devil's advocate, or rather what what is
• 1:10:59
  the opposite view here? Yeah, man.
• 1:11:02
  So let me be clear, I'm not a 61O2 advocate.
• 1:11:05
  I'm just deeply petrified of A Yeah, don't hit me with that
• 1:11:10
  fudd off D. Wait, wait, wait.
• 1:11:13
  I I I got to fudge you a little bit.
• 1:11:14
  You've been ducking on me all day.
• 1:11:15
  All right, all right. Go, go, go.
• 1:11:18
  Yo listen and like feel free you don't have to full screen me
• 1:11:20
  like if you want a full. Screen.
• 1:11:21
  OK, All right. Yeah, we'll, we'll do.
• 1:11:22
  We'll keep a conversation. Here's the thing.
• 1:11:25
  Eric's bang on. Except for the fact that it's
• 1:11:28
  very, very easy to 61 O2 your coins that are not in self
• 1:11:32
  custody. And they're going to do that for
• 1:11:34
  the same reason they did it in 1933 because they need the real
• 1:11:38
  assets on their balance sheet. The only reason the US had so
• 1:11:41
  much gold is because they stole it in 1933.
• 1:11:45
  Otherwise they have no gold to print against, right?
• 1:11:48
  And this is the illusion that has to happen right now.
• 1:11:50
  Our dollar is completely debased, completely outside of
• 1:11:54
  any real sense of asset. The only saving, they know this,
• 1:11:59
  the only real saving the US dollar has is Bitcoin.
• 1:12:03
  And how are they going to get the Bitcoin?
• 1:12:05
  They can't print more Bitcoin to spend it.
• 1:12:07
  So they're going or take to get it.
• 1:12:09
  They're going to make it illegal.
• 1:12:11
  Adam supports the 6102 No. Quote me on that.
• 1:12:15
  They're going to steal it. They have to steal it.
• 1:12:18
  When when this happened in 1933, they took all the gold and then
• 1:12:22
  miraculously the next year, the the gold was worth twice as
• 1:12:25
  much. This is the this is the Fiat
• 1:12:27
  optics at play. And so I think it's a little
• 1:12:31
  bit, it's giving the Fiat lizards a little bit too much
• 1:12:36
  credit to say they won't 6102. The easiest thing they could do
• 1:12:41
  is walk up to Coinbase and be like, yo, by the way, this is
• 1:12:44
  illegal. Now you have to give us the ETF
• 1:12:46
  coins, give us the people's coins, give us micro strategies
• 1:12:51
  coins, give us the Canadian exchanges coins, give us
• 1:12:55
  everyone's coins that we want. We're going to take them.
• 1:12:57
  They did this with Mount Gox. They were with, with the Silk
• 1:13:00
  Road. They were actively selling off
• 1:13:02
  the Silk Road coins for a profit.
• 1:13:05
  They, they literally confiscated the Silk Road codes coins 61O2
• 1:13:10
  style. Then they held them for four
• 1:13:11
  years and then sold them for a wicked profit.
• 1:13:14
  Like it's, it's happened before in our recent history.
• 1:13:18
  It's happened before in our previous history with the 61 O2.
• 1:13:22
  It's going to happen again because otherwise the dollar
• 1:13:24
  fails. And I don't think the government
• 1:13:26
  wants to go through that much pain.
• 1:13:29
  And, and, and frankly, the pain at which it causes the citizens
• 1:13:33
  will be so extreme. When people have Bitcoin, it
• 1:13:37
  causes people that don't have Bitcoin pain.
• 1:13:40
  I think you're bang on. When Bitcoin goes up, it doesn't
• 1:13:43
  cause anyone pain in the short term.
• 1:13:46
  However, as Bitcoin goes up and as we have a Fiat mindset, this
• 1:13:50
  in term is where all the pain is as we get to a Bitcoin standard,
• 1:13:54
  as Bitcoin exits, like we all remember what puberty was like,
• 1:13:57
  right? My legs were always sore, right?
• 1:13:59
  Growing all this API doesn't know, but growing facial hair
• 1:14:02
  like this is painful. This is like, this is part of
• 1:14:05
  what it means to be a man. And, and, and when you go
• 1:14:08
  through those growing pains, we have to understand that the US
• 1:14:12
  is going to, to try to make it as painful as possible and, and,
• 1:14:16
  and reiterate that pain into us so that we stop.
• 1:14:19
  But the silver lining here is if the US does that, and this is
• 1:14:25
  where gold and, and, and Bitcoin differs, we leave, we grab 12
• 1:14:30
  words in the old Dome and we bolt and then the US fails and,
• 1:14:34
  and we can come back. Bitcoiners can buy it.
• 1:14:36
  Bitcoiners will be able to buy the US.
• 1:14:38
  Let's get like, you know, founding fathers, two point O
• 1:14:41
  founding stackers. Let's go.
• 1:14:43
  And, and I think that Bitcoin actively puts governments into
• 1:14:46
  competition with each other. And you're right, there is no
• 1:14:50
  world where every single government is actually colluding
• 1:14:53
  together. We have the communists that
• 1:14:55
  control countries like Canada and we have the, so the, the,
• 1:14:59
  the so-called free market thinkers that are, that are, you
• 1:15:02
  know, in the states trying to dunk on Bitcoin and, and, and
• 1:15:05
  grasping at straws to preserve their, their fake money.
• 1:15:08
  And I think that as long as that is is happening and the
• 1:15:12
  governments are in competition with each other, Bitcoiners will
• 1:15:14
  always have a place to go. As long as Bitcoin is in self
• 1:15:17
  custody, because it is impossible to take my coins, I
• 1:15:22
  do not care. My life is not worth my family's
• 1:15:25
  legacy. You are not getting my family's
• 1:15:28
  Bitcoin and you better believe we've got protocols, we've got
• 1:15:31
  the exit plan in place if somebody comes knocking.
• 1:15:34
  My family is safe. It is absolutely a fact.
• 1:15:38
  When your Bitcoin is in self custody, you're winning.
• 1:15:41
  But when your Bitcoin is sitting in, you know, let's go back
• 1:15:44
  Mount Cox, Quadriga, FTX, now Coinbase, it's going like, to be
• 1:15:49
  clear, I'm like forecasting there's nothing wrong with
• 1:15:52
  Coinbase today. It's tomorrow that's going to be
• 1:15:53
  the problem. #Drop, Coinbase.
• 1:15:57
  #Drop Coinbase, when your coins are in self custody, they're
• 1:16:01
  safe and you're not exposed to A61O2.
• 1:16:04
  I hope I'm wrong. If the US government tries to
• 1:16:07
  steal all the Bitcoin, it will be very very bad for the people
• 1:16:10
  that do not listen. But you and I with Bitcoin and
• 1:16:14
  self custody will be totally fine.
• 1:16:16
  And that's the beauty of Bitcoin because it's proof of work.
• 1:16:20
  Did you put the work in, grab your seed on a plate of metal,
• 1:16:23
  on a plate of metal and take off like you can?
• 1:16:26
  And so I don't know that we absolutely can, you know,
• 1:16:32
  discredit A61O2 because I think it's quite easy for them to do
• 1:16:36
  as the coins get more and more and more centralized.
• 1:16:40
  And yes, they did buy, they bought the gold from the people
• 1:16:43
  for $20 an ounce. They then said if you don't sell
• 1:16:48
  us your gold, if you don't, if you don't take our $20.00 an
• 1:16:52
  ounce, you're going to go to jail for six months and be fined
• 1:16:55
  $10,000 in 1933, which today by the way is a quarter $1,000,000.
• 1:17:01
  So, but to to their credit, they let you keep 6 oz six.
• 1:17:07
  They said you can keep 6 ounces. And then somehow they paid the
• 1:17:11
  people 20 bucks an ounce in 1933.
• 1:17:13
  Somehow by 1935, gold was over 40 bucks an ounce.
• 1:17:18
  Crazy. I guess the government's really
• 1:17:20
  smart and timed that pretty good.
• 1:17:22
  Guys. It's a manipulation tactic.
• 1:17:24
  They just manipulate the money. They are criminals when they
• 1:17:28
  steal your value. Love it, love it.
• 1:17:30
  OK, I just want to chime in for a moment and then I want to give
• 1:17:34
  Eric a chance to respond to that.
• 1:17:37
  I think it's, I think it's very healthy to be cautious and
• 1:17:41
  paranoid of this being a possibility and as a tinfoil
• 1:17:45
  hat, a proud tinfoil hat bitcoiner, you know, I'm always
• 1:17:49
  like, where are they coming after us, bro?
• 1:17:50
  Like where, where's the attack coming from?
• 1:17:52
  I, I definitely think it's a possibility.
• 1:17:55
  It's a non zero chance that that may happen.
• 1:17:57
  But I really like the framing that Eric is saying because I, I
• 1:18:01
  really do think that as bitcoiners, we say it all the
• 1:18:04
  time. You know, the free market
• 1:18:05
  entrepreneurs will always outperform governments.
• 1:18:08
  And even if they do try to do this, it'll it'll, it'll
• 1:18:12
  basically be the end game for them for for the government and
• 1:18:15
  the bankers that do it because it will prove our point for us.
• 1:18:18
  I say it all the time and people think I'm joking when I say it,
• 1:18:20
  but like anytime a government or a bank comes out against Bitcoin
• 1:18:24
  or tries to ban Bitcoin, it makes me so happy because I know
• 1:18:28
  I am correct. Like it makes everything we say
• 1:18:32
  just very obviously correct when they're like, wait, no, this
• 1:18:35
  Bitcoin thing is bad bro. Like you shouldn't own it now
• 1:18:38
  I'm going to ban and you're just like, I if it wasn't a thing,
• 1:18:42
  why would you try to ban it? That just goes to show that what
• 1:18:45
  we're doing is correct. And we're just out here winning
• 1:18:48
  so hard that they're just scrambling for the control.
• 1:18:50
  And again, it's always about the control, or rather, it's always
• 1:18:53
  about control and it's always about the control of money.
• 1:18:57
  And so the more they try to control Bitcoin, the more they
• 1:18:59
  try to control the Fiat system, the more you know it is getting
• 1:19:02
  out of control. It, it, it's like their
• 1:19:05
  gaslighting. Just you got to read through the
• 1:19:08
  line the, you read retreating the weeds here that it's because
• 1:19:11
  they can't control you, which is why they are so pompous and so
• 1:19:15
  loud and arrogant that they can control you.
• 1:19:17
  It's like, no, like what's that one meme?
• 1:19:19
  Like you have no power here. Like that's what it means when
• 1:19:22
  you are holding Bitcoin in self custody under keys that you
• 1:19:25
  control. Anyways, Eric, what's, what's
• 1:19:27
  your thoughts on this? You want to respond to this?
• 1:19:29
  And, and we are running long and I do want to get the, the meme
• 1:19:32
  review here, but this is some signal.
• 1:19:33
  So if we go longer, guys, sorry, we're going to do meme review on
• 1:19:36
  Monday. Respond Eric Well, First off, I
• 1:19:41
  am definitely an advocate or a proponent of being skeptical.
• 1:19:45
  We are we're the descendants of people who raised an eyebrow,
• 1:19:51
  right? Like the people who just bought
• 1:19:53
  into whatever kind of bullshit narrative was implemented by
• 1:19:56
  some scammy overlords generally over the last many years, 100
• 1:20:00
  thousands or whatever millions of years those people got led to
• 1:20:03
  the slaughter, right? So it's.
• 1:20:04
  I think it's prudent for us to be skeptical and protect
• 1:20:07
  ourselves. But pre I, I called the BB world
• 1:20:11
  before Bitcoin, everything within the, the marketplace or
• 1:20:16
  within our, our, our, our reality was corruptible.
• 1:20:19
  Bitcoin is this the essentially it's essentially the discovery
• 1:20:23
  of incorruptibility, right? And so why people, and This is
• 1:20:27
  why I think a lot of the normies or the boomers can't even wrap
• 1:20:30
  your mind or their minds around it where you're like, hey, look,
• 1:20:32
  here's this, this, this monetary instrument that's behind a wall
• 1:20:36
  of encrypted energy. Nobody can steal it from you.
• 1:20:38
  Nobody can censor it. I mean, even Ray Dalio's like,
• 1:20:42
  they'll shut it down. It's too good to be true.
• 1:20:44
  He's looking at it through the lens of the old world.
• 1:20:46
  As far as I'm concerned, we live in a fundamentally different
• 1:20:48
  reality. Satoshi changed the fundamental
• 1:20:51
  fabric of this reality. And so you have an incorruptible
• 1:20:55
  protocol, First off. Secondly, the government or the
• 1:21:00
  people, the citizens of the United States at the time that
• 1:21:03
  the 6102 went into effect, We're aware that the certificates, the
• 1:21:08
  dollars, the political currency units circulating within the
• 1:21:11
  economy were representative of gold.
• 1:21:14
  Gold was the underlying asset that the government help, the
• 1:21:17
  banking institutions help. So they went to the marketplace
• 1:21:21
  or the citizens and they said, hey, we need all this because of
• 1:21:24
  national security. You need to let us buy this from
• 1:21:27
  you because it's how we're going to save our country from the
• 1:21:31
  other plundering nations who are going to come here and blow you
• 1:21:34
  to motherfucking smithereens and take all your shit.
• 1:21:37
  People are like, OK, I guess I have to do it.
• 1:21:39
  It's my duty. I like living the American
• 1:21:41
  dream. I want to continue to live in my
• 1:21:42
  house. Well, we aren't on a dollar
• 1:21:45
  standard or a Bitcoin standard with dollars backed by Bitcoin.
• 1:21:48
  So how is it the government comes out and says, hey, we're
• 1:21:51
  going to ban this thing and then you need to give it to us.
• 1:21:54
  So, but you need to give it to us so that we could then back
• 1:21:57
  the dollar with it. It's a flawed premise.
• 1:21:59
  Not to mention the fact that it's an auditable supply, though
• 1:22:03
  you can see the interest. It's the same way that we go
• 1:22:06
  through mental gymnastics that you got.
• 1:22:08
  To get a shot in order to protect grandma, right that you
• 1:22:11
  got it. Like dude, here in Canada we
• 1:22:13
  don't have plastic straws. We don't use plastic bags
• 1:22:16
  because we got to save turtles. Bro, I live in Alberta, there is
• 1:22:19
  no turtles for hundreds of miles and I'm choking down my iced
• 1:22:24
  coffee with a paper straw in a plastic cup.
• 1:22:28
  I get it. It's.
• 1:22:29
  Give us, give us. Dude.
• 1:22:31
  Yeah, give us the Bitcoin so that we can protect your nation,
• 1:22:34
  but then we're going to spend it back into the marketplace where
• 1:22:36
  we're going to further debase the currency.
• 1:22:38
  And then you got Qatar just stacking sats, you got El
• 1:22:40
  Salvador becoming. That's the problem.
• 1:22:43
  But we live in a world where information.
• 1:22:45
  Passes that hyper. Rate and now I can send my
• 1:22:47
  Bitcoin and motherfucking cyberspace to the other side of
• 1:22:50
  the planet with with final settlement within 10 minutes,
• 1:22:54
  Taylor famously said. This Bitcoin can be gone in 10
• 1:22:57
  minutes. Armies can't move that fast.
• 1:22:59
  Only if it's in your custody dude.
• 1:23:01
  Not if it's in Coinbase. Not if it's in ETF.
• 1:23:03
  Well, do you think most of the bitcoins in custody?
• 1:23:06
  Yeah. What's the numbers like?
• 1:23:07
  70% of all bitcoins into custody?
• 1:23:10
  Let's play this back. 19.5 million coins were were.
• 1:23:13
  Speculating or saying that 3.5, let's just call it 2.5 million
• 1:23:16
  coins are lost. We're down now to down to 17.
• 1:23:19
  Let's say with all the ETFs they have a million coins.
• 1:23:22
  What is that? 15,000,000 coins are held in the
• 1:23:25
  hands of people across the world. 100% gotta love it for
• 1:23:30
  for sure. I just think it's improbable.
• 1:23:31
  It's and there and now mind you, there are people within our
• 1:23:35
  government in the United States or governments across the world
• 1:23:39
  that are nationalistic that do have good good intentions.
• 1:23:43
  We all fall into this thought trap of everyone's evil trying
• 1:23:47
  to fuck us over. And that's not everybody within
• 1:23:51
  the system. And the worse it gets, the more
• 1:23:53
  of it, the more of a cry there is for the populace.
• 1:23:56
  That's why everybody in America is so fucking crazy over Trump.
• 1:23:59
  You're like, oh please, some orange guy who can come save us
• 1:24:02
  Bitcoin super. It's it's capital T truth.
• 1:24:05
  It is the IT is the money. It's supersedes all other laws
• 1:24:09
  before it. And if we didn't live in an era
• 1:24:12
  where information passed that hyper rate and if you didn't
• 1:24:16
  have an auditable supply and honest Ledger, I would be much
• 1:24:20
  more concerned or I would think it was more probable that we
• 1:24:23
  were in for a 61O2. I don't think it's a non zero
• 1:24:26
  chance. But the more and more I think
• 1:24:28
  about it, also being somebody who is quick to raise an
• 1:24:31
  eyebrow, my bitcoins in self custody, I am by no means
• 1:24:35
  advocating that anybody leave their Bitcoin on Coinbase.
• 1:24:38
  What I am advocating is, is take the appropriate actions and then
• 1:24:42
  don't live in a perpetual state of fear.
• 1:24:44
  Because living in that vibrational state of fear is
• 1:24:47
  kind of one of the strategies that you could say the
• 1:24:49
  plundering scumbag overlords need to continue to keep us in
• 1:24:53
  so that we're more susceptible to their thought and their
• 1:24:55
  bullshit. So take the appropriate actions
• 1:24:58
  and then don't live your life petrified.
• 1:24:59
  Because if let's say for example, you, we're all forward
• 1:25:02
  thinkers. If we have Bitcoin in self
• 1:25:04
  custody. Let's let's all get real.
• 1:25:06
  I'm going to take a vacation to somewhere that I think is safe.
• 1:25:09
  And my Bitcoin, I'm going to start, I'm going to memorize 12
• 1:25:11
  words. I'm going to put it into a
• 1:25:13
  fable. I'm going to teach my daughter,
• 1:25:14
  hey, here's this little story. If something happens to me, you
• 1:25:17
  got to remember this story so she can access the Bitcoin.
• 1:25:20
  It's auditable, it's invisible. It's it's, you can take it with
• 1:25:24
  you. You can self custody it.
• 1:25:26
  And then at the same time, they can't even prove you have it.
• 1:25:28
  And so I just think it's not very probable, but I am a
• 1:25:32
  proponent of insulating yourself and protecting yourself against
• 1:25:35
  it. Just to be clear on that one.
• 1:25:37
  I think I think that's the exact mindset.
• 1:25:40
  And like for. Anyone that's known me and
• 1:25:42
  talked and talked to me, they are fully aware I am not.
• 1:25:46
  Some live in a fear mindset. But the only way you can act
• 1:25:50
  like the only reason you have this perspective, the only
• 1:25:52
  reason you can sit there and even consider that it won't
• 1:25:55
  happen, is because your coins are in self custody already.
• 1:25:59
  Because you are already protected.
• 1:26:01
  You're already wearing your seat belt, bro, right?
• 1:26:03
  You're not worried about your head smashing through the glass
• 1:26:06
  because you know it's physically impossible for your head to get
• 1:26:09
  there in the state of collapse. We don't put our seat belts on
• 1:26:12
  because we think we're going to crash that day.
• 1:26:14
  We put our seat belts on because in the unlikely event it might
• 1:26:17
  happen, our, our faces are not going to get smashed through the
• 1:26:20
  glass. Taking your coins into self
• 1:26:22
  custody is the seat belt. And frankly, it's the seat belt
• 1:26:26
  against the 6102. There's like, like, you know, I
• 1:26:29
  think the days of the SPFS of the world are done right,
• 1:26:31
  hopefully with regulation and like people are just going to
• 1:26:34
  like actually use a platform that is disincentivized from
• 1:26:39
  stealing Bitcoin. Now there's only two things
• 1:26:41
  left. There's the honeypot and the
• 1:26:43
  6102 and, and I think those are still real realities.
• 1:26:46
  Bitcoin well bigger than coin base.
• 1:26:47
  Let's go. I think those are still the
• 1:26:49
  biggest realities on the planet earth.
• 1:26:51
  But I think that we if we, if we as Bitcoiners, because keep in
• 1:26:54
  mind, man, you say information travels fast.
• 1:26:57
  It doesn't travel that fast. It travels fast in the small
• 1:26:59
  group. Maybe there's like 20-30 million
• 1:27:02
  people in the world that actually pay attention to what's
• 1:27:05
  happening in the, in the universe.
• 1:27:07
  Like, dude, if COVID showed us anything, it's that lies travel
• 1:27:12
  faster than truth. And whoever controls the
• 1:27:14
  narrative is who's going to control the people the second
• 1:27:17
  they say that Bitcoin is boiling the oceans and that your Bitcoin
• 1:27:20
  is causing war in Iran and that Bitcoin is causing, you know,
• 1:27:24
  your grandma to die of slow and painful death, that Bitcoin will
• 1:27:27
  be gone because the majority of people don't fully understand.
• 1:27:31
  And I think that we're looking both ways before we cross the
• 1:27:34
  street. We're putting our seatbelts on.
• 1:27:36
  I'm not sitting here suggesting we grab our bunkers and our
• 1:27:39
  backpacks and, you know, our camel packs and ration food.
• 1:27:42
  I'm suggesting we take the appropriate steps to prevent
• 1:27:45
  against what has happened in the past, what I believe is likely
• 1:27:49
  to happen in the future, if not for your sake and for your
• 1:27:52
  family's sake, because if your coins aren't in self custody.
• 1:27:54
  And this is where we're all going to line up and agree your
• 1:27:57
  coins aren't in self custody. You're exposed to somebody
• 1:27:59
  else's decisions. And frankly, somebody else's
• 1:28:02
  decisions are not what I want to be exposed to.
• 1:28:06
  Definitely. Yeah, well.
• 1:28:08
  I will add one last thought to that before you you continue on
• 1:28:12
  conducting the show off. Yeah, yeah.
• 1:28:14
  Jump in, jump in. So as a commodity.
• 1:28:18
  Producer. Producing.
• 1:28:18
  A commodity that's going down denominate and dollar
• 1:28:22
  denominated value. You could say in some sense what
• 1:28:25
  I've experienced on a micro level as an individual
• 1:28:29
  participating in the same marketplace that our banking
• 1:28:31
  system participates in. I've had dollar denominated wage
• 1:28:34
  deflation and dollar denominated inflation and cost of living.
• 1:28:38
  Well, as the government debases the currency, their cost of
• 1:28:40
  operating increases requiring more debasement.
• 1:28:44
  It's like they're proverbially shooting themselves in the
• 1:28:46
  fucking foot, right? However, for me as adopting a
• 1:28:50
  Bitcoin standard, and I consider myself to be living on a Bitcoin
• 1:28:53
  standard in a, in a, in a jurisdiction where I have a
• 1:28:56
  taxable event if I spend Bitcoin.
• 1:28:58
  So even though I earn in dollars and I have to pay for my goods
• 1:29:01
  and services in dollars, I sweep my surplus into Bitcoin.
• 1:29:04
  So you can say it's a quasi Bitcoin standard.
• 1:29:06
  I have a Bitcoin on my balance sheet.
• 1:29:08
  It's my treasury reserve asset. It's my only treasury reserve
• 1:29:11
  asset. Well, the appreciation that's
• 1:29:13
  taking place on my balance sheet is so much that it's actually a,
• 1:29:19
  it's a true hedge against my cost of living inflation on my
• 1:29:23
  PNL, right? My, my, my, my OpEx that you
• 1:29:26
  could say is my personal existence is increasing, but the
• 1:29:30
  appreciation on my balance sheet is appreciating so fast that I'm
• 1:29:33
  still getting wealthier. Obviously us Bitcoin maximalists
• 1:29:37
  understand that well, a bank is just comprised of a bunch of
• 1:29:42
  little me's or a bunch of businesses or individuals who
• 1:29:46
  have the same thing, right? And so it's basically a
• 1:29:49
  compilation of the same exact thing where the bank is holding
• 1:29:53
  things on its balance sheet and it has to it has APNL, so it's
• 1:29:57
  making money or it's losing money and it has assets that are
• 1:30:01
  that are supporting it. The problem is, is that we live
• 1:30:04
  in a deflationary world and the value of the assets that are on
• 1:30:08
  the balance sheet of all these financial institutions in real
• 1:30:11
  terms is going down in value. It's going up in value in dollar
• 1:30:15
  denominated terms, but in real terms there it's losing value,
• 1:30:20
  hence the need for a bailout. And every time there's a default
• 1:30:23
  within the system, because it's a debt based Fiat monetary
• 1:30:26
  system, you have exponentially more liabilities within the
• 1:30:30
  system requiring exponentially more money printing to keep
• 1:30:34
  those things going up in value. And now, so if you have Bitcoin
• 1:30:40
  on the balance sheet of a bank, let's say, for example, let's
• 1:30:43
  just play the thought thread out a little bit.
• 1:30:44
  Let's say for example, instead of 61 O2 in US, they roll out
• 1:30:48
  the orange carpet and they say, hey, we're going to start
• 1:30:50
  offering B locks. We'll do a 25% LTV against
• 1:30:53
  Bitcoin. You give us some of your Bitcoin
• 1:30:56
  and we'll loan you some dollars at 25% of the value.
• 1:31:00
  In some sense, it is like selling your Bitcoin.
• 1:31:02
  You are, you are giving up possession of your Bitcoin to
• 1:31:05
  somebody else. If they're loaning you money,
• 1:31:07
  you're going to have some sort of debt you're going to have to
• 1:31:09
  service, but it's giving you the potential to buy the debt back
• 1:31:13
  at whatever it was that you loaned it to them.
• 1:31:14
  Now the bank is. Well, for sure.
• 1:31:17
  Yeah. Once again, we are the
• 1:31:18
  descendants of people who are quick to raise an eyebrow, and I
• 1:31:21
  respect your suspicious state of being OK if they have a default.
• 1:31:28
  But the asset on the balance sheet that's backing all the
• 1:31:31
  debt within the system is appreciated.
• 1:31:34
  And also now mind you, let's say financial institutions in the
• 1:31:37
  states are doing this. Qatar is buying Bitcoin, someone
• 1:31:41
  on the streets and fucking El Salvador is selling papoosas for
• 1:31:44
  Bitcoin. So they're pumping the bags of
• 1:31:47
  the financial institutions that have Bitcoin on the balance
• 1:31:50
  sheet backing the debt. So in some crazy sense, and once
• 1:31:55
  again, like in the famous words of Big Lebowski, that's this is
• 1:31:58
  just my opinion, man, right? The more I think about this, the
• 1:32:02
  more I realize Bitcoin, not only does it makes Bitcoin makes
• 1:32:05
  everything better, right? It fixes this.
• 1:32:07
  That's the same within the Bitcoin community.
• 1:32:09
  Bitcoin mixes Fiat and makes Fiat better at the same time.
• 1:32:14
  It makes it irrelevant, kills it, replaces it, etcetera,
• 1:32:17
  because it's supreme collateral in a debt based Fiat monetary
• 1:32:20
  paradigm where you have to continue to lend units into
• 1:32:23
  existence of debt against assets.
• 1:32:25
  It's the best asset in the marketplace.
• 1:32:28
  And so also, once again, it's auditable, but it's invisible.
• 1:32:32
  It's behind a wall of encrypted energy.
• 1:32:33
  How are you going to guess my fucking 12 words?
• 1:32:35
  You're not. How are you even going to prove
• 1:32:37
  that I have them in my brain? Elon's fucking brain reading
• 1:32:41
  technology isn't good enough to read my 12 words yet.
• 1:32:43
  Like, you don't. You can't even prove I have it.
• 1:32:46
  So I think the path of least resistance being that we live in
• 1:32:49
  a physical world where it's energy in, energy out, is not to
• 1:32:55
  61 O2. However, once again, to be
• 1:32:57
  clear, I am not a proponent of being lackadaisical.
• 1:33:01
  Are you kidding me? I fucking grow cannabis, dude.
• 1:33:03
  I'm a rebellious motherfucker dude by the way.
• 1:33:07
  It's a licensed form. I have to play the game.
• 1:33:08
  I don't want to live in a cage so I pay my taxes, I got a state
• 1:33:13
  license, blah blah blah. I do it begrudgingly, but I am
• 1:33:17
  just an advocate of thinking logically and not just slipping
• 1:33:20
  into a fear based perspective based upon the fact that
• 1:33:23
  everything in known history was corruptible and we were trusting
• 1:33:26
  people to keep it from being incorrupted.
• 1:33:28
  Now we have. Now all I got to trust for
• 1:33:30
  Bitcoin to work is that people are selfish and they're going to
• 1:33:33
  serve their self-interest in the beautiful thing with Bitcoin is,
• 1:33:35
  is that it aligns the self-interest of the individual
• 1:33:38
  with the self-interest of the collective.
• 1:33:40
  And on a micro level, we have the same economic conundrum that
• 1:33:43
  they do on a macro level. Banking bloodlines, nation
• 1:33:47
  states too big to fail, corporations, small
• 1:33:50
  corporations, mom and pops all the way down to the pupusa
• 1:33:53
  seller who barely fucking has anything living on the streets
• 1:33:56
  of El Salvador. We all have the same existential
• 1:33:59
  crisis and that we want to be able to keep what we earn and we
• 1:34:01
  don't want somebody to come in and kill us and take our shit.
• 1:34:04
  And so well, because of all of that, I just, the more I think
• 1:34:07
  about it, the more I realized, or at least I think once again,
• 1:34:11
  this is just my opinion, man, that it's not probable that they
• 1:34:14
  attempt to steal the Bitcoin, especially considering that we
• 1:34:17
  have as much market to fight on a macro level as we do.
• 1:34:21
  It's invisible. You can't prove you have it.
• 1:34:26
  Yeah, I don't know. Anyway, that's that's what I
• 1:34:28
  think. Also lastly, I'll say I'm an
• 1:34:30
  advocate of take fucking self custody.
• 1:34:33
  Go into the world and assume that you're vulnerable because
• 1:34:37
  it's game theoretic. This is also why we're so broken
• 1:34:40
  inside. We all know that if we're not
• 1:34:42
  liars, cheaters, and willing to kill and steal and fucking rent
• 1:34:45
  seek that we're out of disadvantage in the marketplace.
• 1:34:48
  But humanity's default is to to do things consensually.
• 1:34:52
  We default to being kind and good to each other.
• 1:34:55
  And so to think too that the world that we live in today, our
• 1:34:59
  civilization was built on a fucking technology of a yellow
• 1:35:02
  shiny rock is quite inspiring. We have a protocol perfectly
• 1:35:08
  engineered money. It's a living money.
• 1:35:10
  It's a freedom virus. It's metaphysical property.
• 1:35:12
  It's the hardest substance in the no motherfucking universe.
• 1:35:15
  We can build a civilization that's unimaginably beautiful.
• 1:35:18
  And I do think that the dumb, fucking sociopathic, evil doing
• 1:35:22
  scumbag politicians, we're going to figure this stuff out.
• 1:35:25
  And the path of least resistance to get the Bitcoin is to roll
• 1:35:28
  out the motherfucking orange carpet.
• 1:35:30
  I watched them do it to the cannabis community with brick,
• 1:35:33
  with greenhouses. You could see from fucking
• 1:35:35
  space. Instead of going around and
• 1:35:37
  being like, hey, we're going to punish you.
• 1:35:38
  We're going to find you. We're going to lock you guys up.
• 1:35:40
  They're like, oh, you don't like our rules?
• 1:35:41
  OK, cool. We'll just come back with more
• 1:35:43
  favorable rules. And so, in the famous words of
• 1:35:46
  Breedlove, Bitcoin makes government's beholden to the
• 1:35:50
  preferences of its citizens. That's what I think.
• 1:35:54
  All right, Adam, Adam, I'm venturing the guests that you.
• 1:35:58
  Might have to pop off in 4 minutes right now.
• 1:36:00
  Do you have time? All right, let's, let's, let's
• 1:36:02
  give you last, last words and then we'll pop and do the meme
• 1:36:06
  review because everyone's gonna kill me if I don't do the meme
• 1:36:08
  reviews. So, Adam, you gotta get the
• 1:36:09
  memes. All I'm gonna say is last words.
• 1:36:12
  I do. Not believe that cannabis got
• 1:36:14
  the orange. Carpet or.
• 1:36:15
  Probably the green carpet at there.
• 1:36:17
  You got more favorable rules, bro.
• 1:36:19
  I don't want rules. I don't want rulers, right?
• 1:36:23
  I don't want somebody else telling me what I can and cannot
• 1:36:26
  do with my money that I what I can and cannot do.
• 1:36:28
  If they come in and regulate Bitcoin, it's going to look just
• 1:36:32
  like the dollar but on some blockchain.
• 1:36:34
  And that's not what we want. We want a true free market.
• 1:36:37
  Cannabis is not a free market. Cannabis costs way too much to
• 1:36:40
  produce. It costs way too much for
• 1:36:42
  consumers. It can be way, way.
• 1:36:44
  Yo, Nico, it could be. By the way, bro, you're gone
• 1:36:47
  now. Opti and I just crushed.
• 1:36:49
  Yeah, we didn't. Haven't felt anymore.
• 1:36:52
  And and and I think I would. Hazard a guess that if the same
• 1:36:55
  happens to Bitcoin, it will be a net detriment rather than a net.
• 1:37:00
  You can't corrupt Bitcoin, you can only corrupt a layer on top
• 1:37:03
  of it, which. Is in turn corrupting yourself
• 1:37:05
  anything other than self custody.
• 1:37:07
  Yeah, yeah. So the main.
• 1:37:08
  Chain won't be corrupted I I firm 100%.
• 1:37:10
  Let's go hold on. So for this debate, Nico, we're.
• 1:37:13
  Running long. We were debating and I got to
• 1:37:15
  give him some. Get cold motherfucking pork.
• 1:37:20
  All right, All right, Adam. Adam, pop off and I'll see you
• 1:37:22
  in an hour. And then thanks for coming on
• 1:37:25
  guys. Adam O'Brien, CEO, Bitcoinado.
• 1:37:28
  Thanks for Co hosting. Thanks for dunking on me three
• 1:37:31
  times. That's the new all time high, I
• 1:37:33
  think for a new Co host. I'll see you in a little bit,
• 1:37:35
  bro Appreciate it. We'll see you soon, Eric.
• 1:37:37
  Let's keep chatting on this. Let's do this again.
• 1:37:39
  Yeah, I look forward. To it, it was an honor, man,
• 1:37:42
  these guys. Later, dude.
• 1:37:43
  All right, boys. Well, Nico.
• 1:37:45
  We got to do it. We're going long.
• 1:37:47
  They're yelling at me, we're going to do meme review.
• 1:37:48
  So let's get into the meme review guys.
• 1:37:50
  I'm not going to call you this week.
• 1:37:52
  I just crashed this for a second.
• 1:37:54
  I just wanted to say happy having everyone streaming live
• 1:37:58
  from the West hotel in Nashville and about to join the epic
• 1:38:03
  having live stream. Really excited for it and happy,
• 1:38:07
  happy having everyone. The 5th epoch is coming up.
• 1:38:11
  I'm extremely excited for it. Buckle up.
• 1:38:14
  You know, Bitcoin is deterministic optimism.
• 1:38:18
  All you got to do is, you know, stack SAT stay humble, stay
• 1:38:20
  solvent and over time your life gets progressively better if
• 1:38:25
  you're on a Bitcoin standard. Anyways, love you all everyone
• 1:38:28
  have an amazing weekend and I'll be back on Monday.
• 1:38:31
  Peace out, everybody. Let's go.
• 1:38:36
  All right guys. So in honor of the.
• 1:38:39
  Having we're going to give you a meme review, all right, Opti's
• 1:38:45
  Friday meme review. Actually, actually actually
• 1:38:53
  before we do that, go to our website simplybitcoin.com wine
• 1:38:58
  officially announced like an hour before the show.
• 1:39:01
  We are going to give you guys 21% off in honor of the having
• 1:39:04
  for 24 hours on the website. So if you've been thinking about
• 1:39:07
  getting the merch, we're going to give you guys a having
• 1:39:09
  discount. So get over there head over
• 1:39:11
  there. I think the he's got some
• 1:39:12
  special web link URL, but I think if you just put having all
• 1:39:17
  lower case for the discount, you'll get 21% off.
• 1:39:19
  We love you guys really appreciate it.
• 1:39:21
  All right, on that note, it's the main review guys.
• 1:39:24
  It's you already know the deal Tweets are the bullets meme
• 1:39:27
  Julia Chiller. You guys are the front line
• 1:39:29
  soldiers in this information war.
• 1:39:32
  Continue to get the calls of action out there for your
• 1:39:35
  friends and family. Continue to ridicule the
• 1:39:36
  corporate press, continue to ridicule the lizards out there
• 1:39:40
  and of course, make some funnies so your friends head stay in the
• 1:39:43
  game. And on that note, just at the
• 1:39:44
  Copernicus, he he was Mia last week.
• 1:39:47
  We missed him for a little bit. He was in the doghouse and off
• 1:39:50
  the gate he just comes up strong and starts trolling me.
• 1:39:53
  So first and foremost, my boy Annie Rugg trolled me with a
• 1:39:57
  picture from the having party and he put a little pacifier in
• 1:40:00
  my mouth. This this guy just making me
• 1:40:03
  look bad out here. But hey, it's all it's all part
• 1:40:05
  of the game. It's all fun and games.
• 1:40:06
  Anyways, Copernicus goes. When your girlfriend and you
• 1:40:10
  have different interests, but you make it work anyway.
• 1:40:13
  True love, heart emoji, happy Bitcoin, having Opti and even
• 1:40:17
  Pat Christine Lagarde. Oh my God.
• 1:40:19
  All right. Anyways, here's a picture of me.
• 1:40:21
  This is when we were on stage in El Salvador.
• 1:40:24
  Christine Lagarde sitting on my lap and he goes Chrissy Chrissy
• 1:40:28
  says tell me more about this Bitcoin having my sweet
• 1:40:30
  grandchild and Hopty go Google Gaga 3.125 sucks on pacifier
• 1:40:36
  harder. Oh my God, you guys are crazy
• 1:40:38
  out here. All right, next one is not that
• 1:40:41
  Elon at eggplant under score Elon.
• 1:40:43
  He goes good morning. So if you guys saw, if you guys
• 1:40:45
  on the interwebs, there's a picture of Tiger Woods looking
• 1:40:48
  seemingly shaking hands with a tree.
• 1:40:51
  You know, Tiger shaking hands with wood and Tiger Woods.
• 1:40:55
  It goes me and then the tree goes the person who just sold me
• 1:40:58
  BTC at 61 K. What do you guys doing selling
• 1:41:00
  your Bitcoin? Like you guys will never learn
• 1:41:04
  until you put your hand on the stove.
• 1:41:05
  And on that note, we got Huddle Cat 21 and he's just got the
• 1:41:08
  eyes and we got a cat here, you know, sleeping soundly and, and
• 1:41:12
  in bed and his bitcoins in cold storage and, you know, all the
• 1:41:16
  crazy things going on in the world.
• 1:41:18
  Like, imagine if we were a little more prehistoric here, if
• 1:41:21
  we were a little more, you know, superstitious.
• 1:41:25
  All the things happening in the world right now might be
• 1:41:27
  seemingly calling for an apocalypse, but all those
• 1:41:30
  Bitcoiners don't care. So we have a cat here sleeping
• 1:41:32
  that goes, there's an earthquake, you know, World War
• 1:41:35
  three's on the horizon and there's a tsunami.
• 1:41:37
  And then then nothing even fazes us, but what faces us is the
• 1:41:41
  Bitcoin dip. And the cat finally wakes up.
• 1:41:43
  This is every single one of us Bitcoiners.
• 1:41:45
  And then my boy rope, just with the Soon TM.
• 1:41:47
  This is a classic meme. You know, the car swerving off
• 1:41:50
  the off ramp onto a new road. And as we're going to see
• 1:41:54
  tonight, no longer the block subsidy is going to be 6 point.
• 1:41:58
  It's actually 6.25 rope, but you know, you're bad at memes, but
• 1:42:01
  hey, we're not going to hold you to that.
• 1:42:02
  So 6.25 Nope, we are cutting block subsidy in half to 3.125
• 1:42:09
  This it's beautiful man. Bitcoin is working exactly as
• 1:42:11
  design. And then it's next one.
• 1:42:13
  I don't, I don't know if this guy's a shit corner, but I I
• 1:42:15
  really like this meme. So this is doctor shit coin PhD
• 1:42:19
  and he goes and in two days God will say let their behalf and it
• 1:42:23
  will be so and the price of Bitcoin will go ape ship and ape
• 1:42:26
  ship and many Pleds will become rich.
• 1:42:28
  Amen. And we got, you know, the the
• 1:42:30
  frog God with the Bitcoin logos in his hand.
• 1:42:33
  Oh, man, just you just love Bitcoin.
• 1:42:35
  It's absolutely incredible. All right, next one is Robin
• 1:42:37
  Sayer and he goes, Bitcoin changes you classic meme here,
• 1:42:41
  you know, got Brad Pitt looking all clean cut and he goes, babe,
• 1:42:43
  we're going to be so wealthy. And this is Bitcoin day one.
• 1:42:46
  And then Bitcoin day 1213. You are the beat up version of
• 1:42:50
  Brad Pitt and Fight Club. And he goes, fuck Fiat, the Fed,
• 1:42:53
  the banks and the government. I'm buying more.
• 1:42:55
  I am buying more. I'm never leaving.
• 1:42:58
  And then this last one, you know, we dunked on Peter Schiff
• 1:43:00
  a couple times today or rather this week.
• 1:43:03
  And sometimes memes are just screenshots.
• 1:43:05
  Sometimes the memes just write themselves.
• 1:43:07
  And you couldn't make this up like Peter Schiff, He's he's
• 1:43:11
  such good K fob. He's literally he's literally
• 1:43:14
  WWE out here. Anyways, Ben Kauffman goes,
• 1:43:16
  Peter, if you buy Bitcoin, you're going to lose 100% of
• 1:43:19
  your investment. And then also Peter, and we got
• 1:43:22
  a screenshot here of Mcgoo and he goes, make sure to mention
• 1:43:24
  100% of your bank clients lost 100% of their deposits.
• 1:43:27
  And Peter Schiff goes, oh, for now, they just lost access to
• 1:43:30
  100% of their money. But that's not my fault, bro.
• 1:43:32
  You can blame the media and the government for that, bro.
• 1:43:34
  That ain't my fault, bro. Oh my God.
• 1:43:37
  This is why we Bitcoin. You cannot steal our Bitcoin.
• 1:43:43
  You know morale will not improve until self custody improves.
• 1:43:48
  All right, guys, drop your meme review score in the chat.
• 1:43:50
  We will cover ours live. I'll go first.
• 1:43:52
  Since I got mine, I'm going to do this Bitcoin well mug that I
• 1:43:57
  stole from Bitlock Boom off the desk.
• 1:44:00
  It's becoming my my daily coffee driver.
• 1:44:03
  All right, Eric, what is your meme review score?
• 1:44:08
  I give it a 10. Out of 10 today, I think.
• 1:44:10
  I think our memes were really good.
• 1:44:12
  I think ropes mean his math is wrong.
• 1:44:14
  But here's the beauty of it. Bitcoins right doesn't matter
• 1:44:17
  Bitcoin's right, so we could be wrong, you know let's go and and
• 1:44:21
  you know in honor of. Adam and his.
• 1:44:23
  Sincere skepticism. Which skepticism?
• 1:44:28
  Yeah, Which I'm a. Major advocate.
• 1:44:31
  Of you don't want to trust, you don't want to trust in anything,
• 1:44:34
  but there's someone's ability to serve their self-interest,
• 1:44:37
  including their ability to lie to you to do so, right.
• 1:44:41
  So actually, I will say I think Peter Schiff is fucking lying.
• 1:44:46
  I think he fully understands Bitcoin.
• 1:44:48
  He's the biggest troll ever. Someone's paying him.
• 1:44:52
  JP Morgan Chase is laundering some money into Peter Schiff's
• 1:44:56
  bank account to get him to go out and say a bunch of dumb shit
• 1:45:00
  about Bitcoin. This guy, he cannot understand
• 1:45:03
  all of the things that he has been speaking to for the last
• 1:45:06
  decade as his hard money theory, his his basis in the economic
• 1:45:12
  school or Austrian economic school of thought.
• 1:45:15
  All everything is in alignment with Bitcoin.
• 1:45:18
  But he's saying in a bunch of dumb shit about Bitcoin.
• 1:45:20
  It's the biggest fucking it's so much bullshit.
• 1:45:24
  You. You know how?
• 1:45:25
  Yeah. You know how I knew?
• 1:45:27
  He was lying is when his son came out as a bitcoiner and they
• 1:45:30
  were just like tag teaming on Twitter.
• 1:45:32
  I'm like, oh, now, now the jig is up, but yet people still fall
• 1:45:35
  for it. You could see the look on his
• 1:45:37
  face. He knows it too.
• 1:45:39
  He. Fucking knows he's being, it's
• 1:45:41
  like he has that little shitty Ding grin, you know.
• 1:45:44
  And once again, though, people serve their self-interest.
• 1:45:47
  Most people are ethical and honest, right?
• 1:45:49
  But we're, we have to contend in the marketplace or world or
• 1:45:52
  reality or whatever you want to call it with people who aren't
• 1:45:55
  ethical and honest. And that means, though, that
• 1:45:58
  you're at a game theoretic disadvantage if you're not
• 1:46:01
  willing to participate in that scumbaggery in the BB world, you
• 1:46:06
  were out of at a disadvantage, but now you can protect yourself
• 1:46:10
  in a way that has never been possible in all of human
• 1:46:12
  history. So yeah, I think Peter Schiff is
• 1:46:15
  lying. I say once again, I've expressed
• 1:46:18
  some opinions that may be very controversial within the
• 1:46:22
  hardcore Bitcoin maximalist space.
• 1:46:24
  I am not an advocate of you leaving your Bitcoin on an
• 1:46:28
  exchange. I'm not an advocate of you
• 1:46:31
  giving up your Bitcoin to borrow some shitty Fiat.
• 1:46:34
  I am not an advocate if you believe in JP Morgan Chase or or
• 1:46:39
  JP or Jamie Dimon or Peter, any of that stuff.
• 1:46:42
  I I suggest that you remain vigilant.
• 1:46:45
  You protect yourself and insulate yourself from the
• 1:46:48
  atrocities in the dishonored Esteed taking place in the
• 1:46:50
  world. But once you've done everything
• 1:46:53
  that you can do, and I don't know if there's anything more
• 1:46:56
  powerful and revolutionary and so on that you could do than to
• 1:46:59
  buy Bitcoin, sell all your shitty dude in the sell all your
• 1:47:04
  shitty assets, buy Bitcoin, put it into self custody and then
• 1:47:07
  sleep good at night, right? You know, when in cannabis, in
• 1:47:10
  the honor of it's 4:20 tomorrow, it's going to be 420 in some
• 1:47:14
  places on planet Earth where the halving takes place.
• 1:47:17
  And in honor of 420 in cannabis, I'll say this.
• 1:47:22
  High grade cannabis is referred to as a bunch of different
• 1:47:25
  things. AAA, top shelf, chronic,
• 1:47:29
  whatever, right? Gas, blah blah blah.
• 1:47:32
  In. Mid grade cannabis, especially
• 1:47:34
  amongst the producers, is referred to as boof.
• 1:47:37
  It's fucking boofy ass mid right All assets that people are
• 1:47:44
  saving. Are fucking boof your real
• 1:47:46
  estate? Is mids as fuck?
• 1:47:49
  Dude it's physical shitty physical stuff.
• 1:47:53
  Look at a house that's 40. Why is it that a house that's 50
• 1:47:57
  years old that's all shitty that has to be remodeled?
• 1:48:00
  You got to put a new roof on it, you got to paint it.
• 1:48:02
  It's entropy. The physical world is trying to
• 1:48:05
  devour it. And pre pick one you could say
• 1:48:08
  on a Fiat monetary standard real estate was a good strategy.
• 1:48:12
  But a sailor is famously said all your models are destroyed,
• 1:48:16
  why on earth would you sell the winner to buy the loser?
• 1:48:20
  Blah blah blah etcetera etcetera.
• 1:48:22
  So anything other than Bitcoin to save your monetary energy,
• 1:48:26
  your life force, whatever you want to call it is fucking boof.
• 1:48:30
  Mids as fuck dude. Everything but Bitcoin is mid
• 1:48:34
  your gold. 'S mid.
• 1:48:35
  Your real estate's mid. Your stocks is mid stack
• 1:48:39
  Bitcoin. There is no second best, Yeah,
• 1:48:41
  and maybe having mids is good for some people, you know what I
• 1:48:44
  mean? But yeah, some people don't like
• 1:48:46
  quality, apparently, right? It's a quality.
• 1:48:49
  Larry Fink said it. It's a oh, love it, love it.
• 1:48:52
  All right, guys, let's get to some of these scores.
• 1:48:54
  You already know the deal, all right, boys and girls 1st.
• 1:48:58
  One opti we're so. Backfield score when I tell my
• 1:49:02
  wife she's not getting a single sat of our Bitcoin until I die
• 1:49:05
  and she says no problem and then proceeds to refuse to cook until
• 1:49:09
  I die of starvation. Learn to cook, be unstarvable.
• 1:49:13
  Yes, highly recommend this. OK next one tore up hotto.
• 1:49:16
  He goes meme score a Peony lane bottle of Satoshi reserve.
• 1:49:19
  There you go Elaine Lowell Score Half is half, less is more.
• 1:49:23
  Bitcoin is beauty Fiat is a whore.
• 1:49:26
  OK senor gringo Poppy goes 12 out of 10 Let's go BTC believer
• 1:49:31
  goes score three seed plates bought at half the price.
• 1:49:35
  Love it love it. Let's see a couple more a couple
• 1:49:38
  more sacks sat wise Jinx goes. I give these memes my third
• 1:49:42
  Bitcoin having and facts on Peter Schiff being a troll.
• 1:49:45
  Facts guys do not fall for the the trolliness of Peter Schiff.
• 1:49:49
  Let's see, is there, I think all right, whatever, whatever we
• 1:49:57
  didn't run. Out of scores, guys.
• 1:49:59
  The buzzer tape, The buzzer tape.
• 1:50:02
  All right, man. Oh, wait, we got one more.
• 1:50:03
  We got one more Winekas score. Buying a bag of regs from Opti
• 1:50:07
  for 4/20. 6 All right, all right, all right, Well, guys.
• 1:50:14
  Thank you for watching. We appreciate you guys.
• 1:50:15
  If you like the show, of course, like subscribe, share the
• 1:50:18
  signal. We went a little long for the
• 1:50:20
  halving today. We had a great debate on this.
• 1:50:22
  But on that note, Eric, where can people find you?
• 1:50:24
  What do you want to push people towards?
• 1:50:27
  Yeah, I'm on. I'm on X Eric.
• 1:50:29
  V Stacks I post videos talking about the long term
• 1:50:34
  philosophical on societal implications of Bitcoin, some
• 1:50:39
  bright orange future. You know, I, I, I say it all the
• 1:50:41
  time. I'm super pumped, I'm super
• 1:50:43
  grateful. And the reality is, is that, you
• 1:50:46
  know, there are times where I get a little bit concerned, you
• 1:50:48
  know, I, that I'm going to wake up into my old nightmare of a
• 1:50:51
  life pre 2009, the BB world where everything that we had was
• 1:50:56
  was corruptible, violable. And you know, we, we lived in a
• 1:50:59
  fundamentally dishonest, corrupt system.
• 1:51:04
  And as far as I can tell, the fabric of our reality has
• 1:51:07
  changed. You know, sailor, Sailor, I love
• 1:51:10
  so many other things Sailor has said.
• 1:51:11
  Satoshi opened a portal and he brought life to a dead realm.
• 1:51:16
  He merged the physical world in the metaphysical world, you
• 1:51:19
  know, and, and information has been flowing through cyberspace
• 1:51:22
  at hyper rate and now we have the ability to send value or
• 1:51:26
  economic energy through cyberspace to somebody.
• 1:51:29
  We've solved the double spend problem.
• 1:51:32
  It's humanity's masterpiece. Satoshi took all of these these
• 1:51:35
  independent things that had been created by other people or
• 1:51:38
  whatever, and he merged them all together.
• 1:51:40
  And, you know, it changes everything, as far as I can
• 1:51:44
  tell. It makes it literally, it fixes
• 1:51:45
  and all roads lead to Bitcoin. It fixes so much of our world.
• 1:51:49
  Everything that that we could ever do strengthens Bitcoin.
• 1:51:53
  If the government's try to attack it, it strengthens it.
• 1:51:55
  You can't ban Bitcoin. You can only ban yourself from
• 1:51:58
  it, you know. And so, yeah, I don't know.
• 1:52:01
  I'm pumped, man. I'm pumped.
• 1:52:03
  It's a it's a new, new era we got we get to watch now what is
• 1:52:08
  it? It's the hardest asset in the
• 1:52:09
  marketplace now because of the stock to flow because of this
• 1:52:11
  happened undeniably special, special.
• 1:52:14
  Thing and I will say lastly. I don't know if we could live in
• 1:52:18
  a more beautiful time. We get the we get the privilege
• 1:52:22
  of getting to see what the world was like before Bitcoin and now
• 1:52:27
  after Bitcoin. And that's a special thing.
• 1:52:29
  And so, yeah, pumped and grateful.
• 1:52:32
  All right, Eric. Well, thank you for showing up
• 1:52:36
  today. We'll have to.
• 1:52:37
  Keep bringing you on. People seem to love the signal
• 1:52:39
  you're spreading, so we'll keep bringing you on, bro.
• 1:52:41
  We'll keep bringing you on. Thanks for having me anyways,
• 1:52:43
  bro. Hang out behind the scenes.
• 1:52:45
  For a moment while I'll wrap. This one up all right, boys and
• 1:52:47
  girls. Mainly boys, but some girls.
• 1:52:51
  Thanks for showing up today. Happy having.
• 1:52:53
  I hope you guys have a good weekend again, like share,
• 1:52:55
  subscribe, all that good stuff. Come back on Monday.
• 1:52:58
  We will be back to our normally regular scheduled programming
• 1:53:01
  with Nico and man celebrate. It's a celebration.
• 1:53:06
  This is why we are bitcoiners. This is why we do what we do.
• 1:53:09
  As Eric and Adam and I were saying on today's show, after
• 1:53:13
  today, Bitcoin will be undeniably the hardest,
• 1:53:17
  soundest, most secure money in the world.
• 1:53:19
  You need to get off 0. If you just happen to fall into
• 1:53:22
  this video by chance and you watch all the way through, you
• 1:53:25
  need to be saving in Bitcoin. Everything else is mid.
• 1:53:30
  Every other store of value is mad mid.
• 1:53:33
  Guys, you want to get that top shelf Bitcoin?
• 1:53:35
  This is the best asset, period. There is no second best.
• 1:53:39
  We love you guys. We'll see you in the 5th epoch
• 1:53:42
  on Monday. Peace out guys, it's been a fun
• 1:53:45
  ride and it's only going to get better.
• 1:53:46
  On that note, it's your boy Opti and I'll see you on Monday later
• 1:53:50
  guys. This episode was brought.
• 1:53:54
  To you by bitcoinwell.com on a mission to enable independence.