Latest / Simply Bitcoin / MASSIVE Bitcoin Mining Company Files for Bankruptcy | EP 585

Transcript

MASSIVE Bitcoin Mining Company Files for Bankruptcy | EP 585 · Simply Bitcoin

• 0:18
  Yo, yo, yo, today is September 23rd. 2022.
• 0:22
  Welcome to Simply Bitcoin live. We are your number one source
• 0:26
  for the peaceful Bitcoin Revolution recover, the breaking
• 0:28
  news culture mean Attic Warfare. We will show you why only
• 0:31
  Bitcoin can give you true Financial sovereignty and when
• 0:36
  we say that, we obviously mean Freedom.
• 0:38
  Today we have a very special show lined up.
• 0:41
  Is this the capitulation? I gotta I got a text, I can't
• 0:44
  say who he is from someone who works in a public mining company
• 0:49
  and he's the one that sent me the link to this article and he
• 0:52
  put capitulation question mark, a huge Mining Company files for
• 0:57
  bankruptcy is this is this the first time Many keep in mind
• 1:00
  guys right Bitcoin mining his awesome during bull markets but
• 1:05
  during bear markets it is very difficult to be a miner.
• 1:08
  I think the average price of mining the cost of mining one
• 1:12
  Bitcoin. Right now it's around twenty
• 1:14
  four, twenty five thousand dollars.
• 1:16
  The Bitcoin price right now is at 18,000 682.
• 1:20
  So if you survive you will be greatly rewarded but could you
• 1:23
  subsidize your mining for that long?
• 1:26
  Begs the question. Let's see what happens.
• 1:28
  And of course I want to Say a special.
• 1:30
  Hello and shout out to my awesome co-host.
• 1:34
  The one, the only the optimistic Optimus Fields.
• 1:39
  Well, what's up? Nico happy to be here.
• 1:41
  Happy Friday, everyone. I'm honestly, I'm waiting to
• 1:45
  hear the nikah Jones, take on this mining because we were
• 1:48
  talking about this exact scenario in spaces.
• 1:51
  Like either day or two ago and we were joking was like oh we
• 1:55
  don't know how long this is going to take and it literally
• 1:58
  happened like within a day. We get News rolling out.
• 2:00
  So mad, just some bear Market things is, it's looking like
• 2:05
  things just happen. Way more quickly out there in
• 2:08
  Bitcoin land, and in the culture.
• 2:10
  Today guys, Financial Times just continues to drop hot hot
• 2:14
  garbage and we are going to continue to counter the BS so it
• 2:19
  should be a good day. It should be a great day.
• 2:22
  And I also want to give a very special shout out To The Man
• 2:27
  Behind simply Bitcoin, unfiltered.
• 2:30
  He is the new host of Simply Bitcoins, wake up call everyday
• 2:35
  drops every day at 8:30. A.m. if you don't have time for
• 2:39
  the full simply Bitcoin show, check this out, get your daily
• 2:43
  Bitcoin, dose of news in five minutes or less.
• 2:47
  On the wake-up call we have the host himself.
• 2:50
  How you doing Ruston? Yo yo, yo.
• 2:53
  What's up, guys? Happy to be with you today.
• 2:55
  First time on the stream, the simply Bitcoin Vibe is strong.
• 3:01
  Yeah, I like it. I like it.
• 3:03
  Very powerful energy. Anyways guys, let's start the
• 3:07
  Friday show. Let's do this.
• 3:11
  Number time brought to you by novel at this point, you should
• 3:15
  be running your own Bitcoin note.
• 3:16
  If you don't use your own Bitcoin node, you're trusting
• 3:19
  someone else's run your own version of Bitcoin core.
• 3:22
  The lightning Network, whirlpool, and Dojo all from the
• 3:25
  comfort of your own home. And if your digital Nomad, you
• 3:29
  have absolutely no excuse. Because now you can run a novel
• 3:32
  through a virtual private server.
• 3:33
  Visit not L.E you today. All right, guys, that's right.
• 3:38
  If you don't run your own Bitcoin know your Trusting
• 3:41
  someone else's. No, don't do that.
• 3:44
  Remove that trust trust yourself.
• 3:46
  That's why you should either build your own Bitcoin, no door
• 3:49
  by one. Obviously we recommend the
• 3:51
  noddle 8 and built by the novel, guys.
• 3:53
  It's freaking awesome. Did you guys know that it has a
• 3:57
  built-in feature that if you open the noddle?
• 4:00
  It disables it? That's, that's a neat security
• 4:02
  feature isn't. I think they call it a kill
• 4:04
  switch. Anyways, a bitcoin price at the
• 4:06
  time of recording is 18,000. 90 SATs per dollar 5350 block
• 4:14
  height, 755,000 374 reachable, Bitcoin nodes, fifteen thousand.
• 4:21
  Two hundred thirty eight blocks to The Happening, 84,000 862
• 4:26
  having estimates April 22nd 2024 that day.
• 4:31
  Could not come any sooner. Total lightning network
• 4:34
  capacity. 4810 capacity value 89 million.
• 4:39
  U.s. dollar. Is realized monetary inflation.
• 4:42
  Bitcoin is still taking the US dollar absolutely to school one
• 4:47
  point seven eight percent compared to the what was the
• 4:51
  recent 18-point? 38.5, get ranked higher, get
• 4:55
  rekt dollar market capitalization Bitcoin, still a
• 4:59
  tiny little baby. You will be regretting not
• 5:02
  buying Bitcoins under 20K in a couple years.
• 5:05
  This is the opportunity of a lifetime stop the show right
• 5:09
  now. Open your Swan at Swan app.
• 5:12
  Stack some SATs do it right now. Anyway, anyways, moving on, I
• 5:16
  wanted to show you guys this video, shout out to Dick
• 5:19
  Whitman, it's a great account money and state should not be
• 5:25
  intertwined. And what is he talking about?
• 5:27
  First of all, this clip contains a movie from The Big Short and
• 5:33
  it contains an actual footage from C-SPAN and this is the
• 5:38
  oversight of u.s. banks. The Problem is that the people
• 5:42
  that are tasked to oversight oversight US banks are also the
• 5:46
  people that work and regulation, they don't call it.
• 5:50
  The revolving door in Washington, for no reason.
• 5:53
  You work in the public sector, then sorry, you work in the
• 5:57
  private sector. You work at a big bank, then you
• 5:59
  get a job at in the, in the, in the public sector for the
• 6:03
  government to regulate and then After you leave the public
• 6:09
  sector, you go back into the private sector, talk about
• 6:12
  misaligned incentives. So what makes you think that you
• 6:16
  wouldn't pass a favorable regulation?
• 6:19
  Just to make sure that when you get out of that government job,
• 6:23
  you get a nice job waiting for you.
• 6:26
  In the banking sector, talk about Miss aligned incentives.
• 6:31
  Remember guys, it's rules for thee but not for me.
• 6:35
  Anyways, let's check out the video.
• 6:38
  The gentleman from Indiana, mr. Hollingsworth, is now recognized
• 6:42
  for five minutes. Well, good afternoon.
• 6:44
  I'm excited to be here with each of you before I get started on
• 6:47
  my questions. Mr. Moynahan, I wanted to let
• 6:50
  you know sir Ruthie raise your hands, everything she has been
• 6:53
  my team member for a couple of years now.
• 6:55
  But on Monday, she becomes a Bank of America team member
• 6:59
  about, which he is very, very excited.
• 7:01
  So, I hope you'll take good care of her know and recognize the
• 7:03
  talent that she has shown already in our office.
• 7:05
  I'm sure. She'll do the same at Bank of
• 7:07
  America. We will That and her father
• 7:09
  already works for so he'll take care of it.
• 7:11
  You should have called us. What could?
• 7:15
  Well I appreciate the opportunity to chat about some
• 7:17
  of these issues today. What I'm really interested in is
• 7:20
  the state of the economy, how are you?
• 7:23
  Floating your resume to Big Banks?
• 7:24
  I mean, you're supposed to be the ones, you know, policing.
• 7:26
  The big Banks grow up. Jamie, there must be some kind
• 7:29
  of law against working for a financial institution right
• 7:33
  after you've been working in financial regulation, right?
• 7:43
  Come on over here. He's an old man.
• 7:48
  Yeah, we're father already works for so he'll take care of it.
• 7:50
  You should have called us. Oversight my ball sack and
• 7:58
  anyways, these people also that are tasked to provide oversight
• 8:02
  towards Bitcoin or also the people that stand the most to
• 8:05
  lose, if Bitcoin succeeds talk about misaligned incentives.
• 8:10
  But at the end of the day, none of this matters.
• 8:12
  And the reason none of this matters is because if enough of
• 8:14
  us take self custody there's absolutely nothing they could do
• 8:18
  about it. Take your Bitcoin off the
• 8:20
  exchanges, take that mine Bitcoin, take put it into Cold
• 8:23
  Storage, to take that urn. Bitcoin, put it into Cold
• 8:26
  Storage. This is how we win the
• 8:28
  Revolution and there's absolutely nothing they could do
• 8:32
  about it. Get out of this corrupt, crony
• 8:36
  system that benefits an elite. You an elite few but not you.
• 8:42
  Anyways, Russian, what are your thoughts, brother?
• 8:45
  No, that's the typical pay-for-play gain access.
• 8:50
  Rinse cycle. Repeat of establishment
• 8:55
  individuals. Staying in power.
• 8:59
  They're very against Bitcoin because Bitcoin is what breaks
• 9:02
  that cycle of tyranny that is the only thing, like putting
• 9:07
  money in their pockets right now.
• 9:10
  Amen. Amen Opti.
• 9:12
  Why don't you chime in brother? Well, first off, I just want to
• 9:16
  point out the beauty of memes, exposing the revolving door in
• 9:21
  what two minutes like. This is why we tell you guys,
• 9:23
  you continue to memes to continue to make this point for
• 9:26
  us by being Picasso's out there and creating just such beautiful
• 9:31
  art. But first off, I really want to
• 9:33
  point out just like the sheer giddiness of these people
• 9:36
  talking about the fact that like, oh yeah, now you're
• 9:39
  leaving the As government as a US oversight Bank committee to
• 9:43
  work at the bank and then furthermore the fact that the
• 9:47
  guy they played it twice in there.
• 9:50
  He said like, oh yeah, you should have asked us her father
• 9:53
  works for us already. So it's just like it exposes.
• 9:57
  The, the corruption that is the Fiat Legacy system and the fact
• 10:01
  that, you know, there isn't, there is no transparency for the
• 10:06
  average person, but like, when you're in the game, It's very
• 10:11
  transparent like what's going on.
• 10:12
  It's like everyone shaking their hands under the table and, you
• 10:16
  know, making sure that they are doing favors for each other,
• 10:20
  that will make them and their career, playoff better into the
• 10:24
  future. So, I mean, it's absolutely
• 10:26
  disgusting that this is the, the status quo and where we are in
• 10:29
  the world and the fact that, you know, we're all getting robbed
• 10:33
  because of this kind of stuff, it's fucking insane, excuse my
• 10:37
  French Nico bro, its spot. That's completely insane.
• 10:42
  And at the end of the day, our friend Alex has just like the
• 10:44
  Bible says, it's basically an Intergalactic Invasion into this
• 10:48
  space through people. I'm telling you, it's what all
• 10:50
  the Ancients said, it's what they warned of.
• 10:52
  It's what we're dealing with. They're demons, they're demons
• 10:57
  opt out of Demon money. Buy yourself some Bitcoin, take
• 11:00
  it into self, custody. This is how we win.
• 11:03
  Anyways, guys on a more serious note, let's check out the news
• 11:10
  The Daily News brought to you by crypto.
• 11:13
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  in Gold they make it in Gold but only on crypto cloaks.com.
• 11:33
  Alright guys so I want to take you down memory lane and I want
• 11:38
  to make, I want to make, I want to make the case for why Central
• 11:44
  Bank digital currencies are going to be used to enslave you.
• 11:48
  And this is exactly what they want for you.
• 11:53
  This is the Biden White House framework.
• 11:55
  That we've been covering tremendously on the show, but
• 11:58
  I'm going to tie it in with some news that came out recently.
• 12:01
  Right. Because there's one thing that
• 12:02
  they're telling you, that Central Bank, digital These are
• 12:05
  the end-all-be-all you could trust us with this.
• 12:08
  We're not going to be, we're not going to use it against you.
• 12:10
  I would like to make the other case I think that they're going
• 12:13
  to completely use it against us and I would even say that
• 12:16
  they've already used it already. So anyways, just to keep you
• 12:21
  guys, I give you guys a quick reminder, the by Ben White House
• 12:25
  has just released its first ever from work on what crypto
• 12:27
  regulation on the US should look like in the galatian.
• 12:30
  Ladies and gentlemen, what they really did is that they beat the
• 12:34
  crap out of Out of Central Bank. Sorry, out of Bitcoin out of
• 12:37
  cryptocurrencies. They beat the crap out of stable
• 12:40
  coins and they said, you don't need all that.
• 12:42
  What you really need is a central bank.
• 12:45
  Digital currency to quote, the Articles as the framework, also
• 12:49
  points to the potential for significant benefits, from a US
• 12:52
  Central Bank, digital currency Powell even said it himself,
• 12:55
  you're going to hear it from the horse's mouth himself Federal
• 12:57
  Reserve drone. Powell's a previously said, the
• 13:00
  main incentive for the u.s. to launch its own Central Bank.
• 13:03
  Digital currency would be To eliminate the use case, for
• 13:07
  crypto coins in America. You hear that, the main
• 13:12
  incentive for the u.s. to launch its own Central Bank.
• 13:15
  Digital currency would be to eliminate the use for crypto
• 13:18
  coins in America, to quote Powell, you wouldn't need stable
• 13:21
  coins, you wouldn't need cryptocurrencies.
• 13:23
  If you had a digital US currency, I think that's the one
• 13:27
  that I think. That's one of the strongest
• 13:29
  arguments in its favor. Here is the fact sheet that we
• 13:34
  went over with you guys just to give you guys a little bit of a
• 13:37
  refresher. It says a u.s.
• 13:38
  CDC a digital form of the u.s. dollar.
• 13:40
  The potential to offer significant benefits.
• 13:43
  It could enable a payment system that is more efficient provides
• 13:46
  a foundation for further technological, innovation,
• 13:48
  facilitates faster, cross-border transactions, environmentally
• 13:52
  sustainable. That's the job at Bitcoin, it
• 13:54
  could promote Financial inclusion and Equity by enabling
• 13:57
  access. For a broad set of consumers.
• 14:00
  Support the effectiveness of sanctions.
• 14:02
  Another jab at Bitcoin. Remember, what Elizabeth Warren
• 14:05
  was saying that they're going to use Bitcoin in order to
• 14:08
  circumvent us sanctions? Look at the A jury making the
• 14:11
  moves to place sanctions on an open source software.
• 14:15
  A CBC could also have unintended consequences, including runs to
• 14:20
  see, BDC in times of stress, that is the only unintended
• 14:24
  consequence. They mention check.
• 14:26
  That is so freaking ominous. Well, I'm going to give you a
• 14:30
  couple examples of how crazy it would be 2 mu to remove the last
• 14:37
  middlemen between government and you.
• 14:40
  Because keep in mind, at least the bank, even though it's
• 14:43
  completely captured by governments, through these
• 14:46
  opaque compliance, departments in the back, we have that famous
• 14:49
  saying, if you have your money in a bank, it's a two or three
• 14:51
  multisig to of the cute. One of the keys held by the
• 14:54
  bank, one of the keys is held by the government.
• 14:56
  The other Keys heard by is held by you, but I'm going to give
• 14:59
  you examples of censorship already starting.
• 15:02
  Now, without banks, governments would be able to freeze these
• 15:06
  Accounts at a snap of a finger. And I'm going to give you You
• 15:10
  examples, whatever your political leanings are our is
• 15:14
  irrelevant. These are examples of censorship
• 15:17
  of financial censorship going against certain political
• 15:22
  opponent, here's an article by National Review, Taro was
• 15:26
  subsequently quick tour. Kicked off chases payment
• 15:30
  processor which he used to sell patriotic and pro-trump shirts.
• 15:34
  Next, he was D platform from Facebook, Twitter, Instagram,
• 15:37
  Airbnb, first out of square, stripe and PayPal.
• 15:40
  Before losing his bank account. So they D platform him because
• 15:46
  his political views, Bitcoin doesn't function like that
• 15:50
  member. Bitcoin is the money of enemies
• 15:53
  but it is also not happening the United States.
• 15:55
  Remember what? Trudeau did mr.
• 15:57
  Trudeau said the scope of the measures would be time, limited
• 15:59
  reasonable and proportionate and would keep in mind freezing,
• 16:03
  your bank account because of your political beliefs, does
• 16:06
  that sound reasonable and proportionate to you?
• 16:09
  We need, we know No, need we with no need for court orders.
• 16:13
  Banks can freeze personal accounts of anyone linked with
• 16:17
  the protest. If you're protesting someone
• 16:19
  that something that they don't agree with freeze your account,
• 16:24
  but it's not also Canada. It's also Trump whether you
• 16:27
  believe in, whether you support it or Trump with your against
• 16:30
  it. Well, we are highlighting here,
• 16:32
  is that? No one, no government, no group
• 16:35
  of bureaucratic Elites should have the power to get to decide.
• 16:40
  Who is entitled to use money and who is not entitled to use
• 16:44
  money? Remember when the United States
• 16:46
  pulled out of Afghanistan, the only thing that kept on working
• 16:50
  Pape, Western Union was shut down.
• 16:54
  They were cut off from the Global Financial system.
• 16:56
  The only thing that kept on working was Bitcoin going to
• 17:00
  double back to the the White House thing they say.
• 17:04
  It could promote Financial inclusion and equity.
• 17:09
  What is more Equitable and what is more inclusive than the only
• 17:14
  thing that kept on working in Afghanistan.
• 17:16
  The only thing that kept on working for the bank.
• 17:20
  So why should we trust these people with Central Bank?
• 17:24
  Digital currencies, And this is why I wanted to cover this
• 17:28
  today, right? Because they mentioned all the
• 17:31
  good and how Central Bank digital currencies were going to
• 17:33
  fix everything, they're going to solve everything.
• 17:35
  This came out today, September 21st 2022, US military bought,
• 17:41
  massive surveillance tool that captures 90% of internet
• 17:44
  traffic. Multiple branches of the US
• 17:47
  military have bought access to a powerful internet monitoring
• 17:50
  tool that claims to cover over 90% of the world's internet, in
• 17:53
  which some cases cases provide access.
• 17:56
  People's email data, browsing history, and other information
• 18:00
  such as their sensitive internet cookies, according to
• 18:02
  Contracting data and other documents reviewed by
• 18:04
  motherboard. The network data includes data
• 18:07
  from over 550 collection points, worldwide to include collection
• 18:11
  points in Europe, the Middle East, North South America,
• 18:14
  Africa, and Asia and is and is updated with at least 100
• 18:19
  billion new records each day a description of the aw Gary
• 18:23
  platform in a u.s. government procurement record review.
• 18:26
  By motherboard, reads the Navy, the US Navy Army, cyber command
• 18:31
  and the defense Counter Intelligence and security
• 18:33
  agencies. Have collectively paid at least
• 18:34
  3.5 million to access. Our gyuri, this allows the
• 18:38
  military to track internet usage.
• 18:40
  Using an incredible amount of sensitive information
• 18:43
  motherboard has extensively covered how US Agencies gain
• 18:46
  access to data that in some cases would require a warrant or
• 18:51
  other legal mechanisms by simplest.
• 18:53
  Set by simply purchasing data that is available.
• 18:56
  Commercial commercially from private companies.
• 18:59
  So the same people, the same people, the government that
• 19:03
  wants, you wants you to trust them.
• 19:06
  What Central Bank, digital currencies has been caught time
• 19:10
  and time and time again, lying to your face misrepresenting
• 19:16
  themselves. Do you guys remember the weapons
• 19:18
  of mass destruction? Where did they go?
• 19:22
  Do you guys remember what they implemented because of because
• 19:25
  of using those? Those excuses, the Patriot Act,
• 19:27
  the Patriot Act is still here. What about the bank?
• 19:30
  Secrecy Act of 1970. Do you guys remember that they
• 19:34
  implemented? The infamous 10,000 dollar
• 19:36
  reporting rule when they implemented that rule.
• 19:38
  If you adjust for inflation, 10,000 dollars in 1970, is the
• 19:43
  equivalent of 70 thousand dollars today.
• 19:45
  The same people that have continuously lied and
• 19:50
  continuously done endless Wars over and over and over and over.
• 19:56
  Over again. These are the same people that
• 19:59
  now want you to trust them. With Central Bank, digital
• 20:04
  currencies that will give them absolute control.
• 20:07
  Those are not my words, those are Augustine Carson's words.
• 20:10
  He the head of the bank of international settlements, they
• 20:13
  want you to trust, they want you to trust them with that much
• 20:17
  power. Over your head, are you going to
• 20:20
  allow them to do that? Are you going to allow them to
• 20:24
  give that much power over your our children over your future
• 20:28
  because they don't like where you're driving.
• 20:29
  They don't like what you're eating.
• 20:33
  The question for you that I have a non is, what money are you
• 20:36
  going to choose to use to earn to pass on to your children?
• 20:42
  A money that enables Freedom, it allows you to vote with your
• 20:45
  wallet and also your feet. Are you going to you?
• 20:48
  Are you going to choose slave money?
• 20:50
  Because that's what they want from you, they want to control
• 20:53
  you and if you still don't believe that you've been
• 20:57
  watching way too much CNN, because it's become incredibly
• 21:00
  obvious over the last two years. Dee, what are your thoughts,
• 21:03
  brother? Well, we've said it before on
• 21:06
  the show and I think we'll continue to say.
• 21:08
  It's a Bitcoin is Foresters conversation and they are
• 21:11
  working overtime to co-op The Narrative tyrants and
• 21:14
  collectivist hate Bitcoin. And I mean, it's like Nico, just
• 21:17
  ask the question like, are you willing to give these people
• 21:20
  ultimate power over your money and if you are then you kind of
• 21:24
  deserve what is going to come for you in the future is like,
• 21:27
  when they when they double down, I'm putting my tinfoil hat on
• 21:30
  when they double down and try to shut.
• 21:32
  Shut off the Internet and they when they try to do like cyber
• 21:34
  cyber attacks and we're here to protect you.
• 21:37
  We know that they're in full control but truth cannot be held
• 21:40
  down for long and it yearns to be set free.
• 21:42
  So you know we can hata longer than they can tell lies and just
• 21:46
  speak truth to power counter, the BS narrative spread, the
• 21:49
  sound money gospel and teach people about the tools to set
• 21:52
  them free. This is what we do every single
• 21:53
  day. This is what Bitcoin is self.
• 21:56
  Custody is the Revolution and we need to opt out with Bitcoin
• 21:58
  because these people want to completely bag Tag, you track
• 22:03
  everything you do, and furthermore, be able to have the
• 22:06
  power to shut you down. So we shall see what is going
• 22:13
  on. On a side note Anika, it seems
• 22:15
  like the YouTube stream is acting up right now.
• 22:18
  Yep. Seems like she's alive though.
• 22:21
  Seems like seems like we did and they said so themselves from
• 22:27
  being said, some things that might have NADA the the The the
• 22:33
  wow literally though, how hey litter, how is it?
• 22:36
  Be unique hours of be did not. Like, how coincidental is it
• 22:40
  that when we are talking about this, the YouTube stream isn't
• 22:43
  working amazing. Absolutely amazing.
• 22:47
  I didn't know that YouTube algaas for this good.
• 22:50
  Oh man, oh man. Oh man, oh, man.
• 22:52
  All right, bro, so what do you want to do?
• 22:56
  You want to go and keep it going?
• 22:57
  Will have the will have the recording on on restream and we
• 23:00
  cannot try to upload it later. And we still have people.
• 23:02
  All in spaces so all right cool. Alright, so watch us on space is
• 23:06
  all right, here we go. So moving on to the next part
• 23:10
  which is the mining news. Let's check it out.
• 23:14
  Booyakasha crypto mining data center compute North files for
• 23:21
  bankruptcy, CEO steps down the compute.
• 23:25
  North one of the largest operators of crypto data centers
• 23:28
  filed for bankruptcy. And revealed that its CEO step
• 23:30
  down as the route and crypto currency prices way on in the
• 23:34
  industry. Compute North and February
• 23:36
  announced a capital raise of 385 million dollars consisting of an
• 23:41
  85 million series C Equity round. 300 million in debt
• 23:45
  financing, but it fell into bankruptcy as miners, struggle
• 23:48
  to survive and slumping Bitcoin prices rising power costs, and
• 23:52
  record difficulty and Mining Bitcoin.
• 23:54
  The filing is likely to have negative implications for the
• 23:57
  industry compute. North is one of the largest data
• 24:00
  centers dinner Center providers for minors and has multiple
• 24:03
  deals with other larger, mining companies.
• 24:06
  And one of those larger mining companies that you guys all know
• 24:09
  and heard of is compass mining. So there's a massive But there's
• 24:14
  a massive company that went down due to the recent you know,
• 24:18
  decrease in the Bitcoin price that hat, this happens, every
• 24:22
  single bear Market. It's absolutely normal.
• 24:24
  It's nothing to panic about but absolutely wrecked bro.
• 24:28
  That they raised a lot of freakin money and oh man, not
• 24:34
  good, not good. Anyways, Opti, what are your
• 24:37
  thoughts, bro? Well like I said in the
• 24:39
  beginning, we were talking about this in space is my buddy.
• 24:43
  Mike? But I dropped an article and
• 24:45
  this was his main concern is like we haven't seen all the
• 24:49
  pain and all the flush out of the bear markets, yet until we
• 24:52
  see some big miners capitulate or furthermore, like go into
• 24:56
  bankruptcy and he literally dropped his like a day ago.
• 24:59
  And we were laughing at his timing because when he dropped
• 25:02
  that news, one of the caveats is one of the things that would
• 25:06
  maybe debunk. His theory was one that we would
• 25:10
  have some nation-states endorsing Mining and I think we
• 25:13
  covered it earlier this week about the Russian Prime Minister
• 25:17
  or Finance Minister saying that they are going to let their
• 25:21
  citizens big mine Bitcoin and like let them have their money
• 25:25
  and then a day or so later we get this news about a huge
• 25:29
  Bitcoin mining farm and Company going bankrupt.
• 25:32
  So hey it just like bear Market things.
• 25:35
  We've said it before. You know, this is this is a free
• 25:37
  market and and Bitcoin miners if they weren't smart about their
• 25:42
  you know, their This plans, then they get rekt.
• 25:45
  This is a feature, not a bug but it is, you know.
• 25:49
  Hey it does seem like we are going to see some more pain and
• 25:52
  and as the saying goes, you know, you just sit by the river
• 25:56
  long enough and you see the bodies of your enemies, float
• 25:59
  down the river. So, I think as a hotter out here
• 26:02
  as just a, you know, person that Stacks Bitcoin, we shall see how
• 26:06
  Bloody it gets, but man, it does.
• 26:08
  Look like, we might be getting some cheap SATs out there, so
• 26:11
  hopefully you guys have some dry powder.
• 26:14
  Obviously, I am just going to have to hotle through the pain
• 26:17
  because I have no Fiat left. But hey, I knew what I was
• 26:21
  getting myself into and it's just interesting or not
• 26:25
  interesting. It's almost just exciting to
• 26:27
  ride the roller coaster. And, and just like, yo, remember
• 26:31
  where you were when all this pain happens and where you were
• 26:33
  in your life and then it'll just make, you know, the number go
• 26:37
  up, be more glorious, in my opinion but Amazing.
• 26:41
  Amazing news in my opinion. I think it's just the timing
• 26:44
  that my friend literally DME is his article and then like 15
• 26:48
  minutes later we got some more news and it's been what like a
• 26:50
  day since he dropped the article and this is happening.
• 26:54
  So shout out to Mike continued to drop articles because the
• 26:56
  market just listening Oh, man, oh man.
• 27:01
  Oh man. Oh man, dude, I can't.
• 27:02
  Well, I can't believe we got Alex Jones off, dude.
• 27:06
  Literally amazing fucking crazy anyways.
• 27:10
  Russian, why don't you chime in? And then guys, I have to have to
• 27:13
  sign off. I have to run to the airport.
• 27:15
  Have to start getting ready. Opt he's gonna get a headline
• 27:17
  co-host. It should be fun.
• 27:19
  It should be fun. Anyways rustling, what are your
• 27:21
  thoughts on a massive Mining facility getting shut down.
• 27:26
  There's a lot of factors that play.
• 27:27
  You've got the hash rate going up, you've got energy costs
• 27:30
  going up and you've got profitability going down.
• 27:34
  So the markets going to have to work out and find an
• 27:36
  equilibrium. And with that comes pain.
• 27:39
  So those best suited to survive this storm of liquidations and
• 27:45
  and costs and can stay solvent. They're going to reap major
• 27:50
  rewards come the next having. So you just got to grind through
• 27:54
  these bear markets. Building keep grinding, keep
• 27:57
  stacking and let the rest take care of itself but bear markets
• 28:02
  like this. Don't come without some pain.
• 28:05
  Amen to that brother. That's what it is, bro.
• 28:08
  It's the pain of the bear Market.
• 28:10
  Anyways guys, I Nico signing off.
• 28:13
  I'll see you guys on the other side.
• 28:14
  See you tomorrow live from Nashville Opti.
• 28:17
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• 28:46
  Alright guys, sorry I have to do this before I sign off, guys,
• 28:49
  check out Pacific. Coin.
• 28:50
  It's going to be the largest Bitcoin conference on the west
• 28:53
  coast November 10th through the 11th.
• 28:55
  Los Angeles, California. Michael sealer is going to be
• 28:58
  their core eclipse in c.j. Wilson, Jeff Booth Dylan
• 29:01
  Leclair. Pierre Richard Eric koston Mark.
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  Mosque isö on Parker Lewis dr. Jeff Ross.
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  Many, many more opting are going to be doing a live show.
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  You're definitely don't want to miss specific Bitcoin.
• 29:12
  You can take advantage of the promo code simply to get a
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  massive discount on your tickets.
• 29:18
  Alright guys, see you on the other side?
• 29:20
  And next time I talk to you, I'll be in Nashville.
• 29:24
  All right. Well, let's go guys.
• 29:25
  This is the first time it's been me and rest, and so, let's hope.
• 29:29
  We don't just absolutely let the house burned down.
• 29:32
  But anyways, guys, as I told you in the beginning, the the
• 29:36
  financial times, the Fiat, bro, times it just continues to drop
• 29:39
  hot garbage. So, we're going to do our best
• 29:42
  to, not only counter it, but dunk on them because they, they,
• 29:48
  they're just making their viewership broker and more.
• 29:52
  Were indebted Fiat slave. So anyways before I get into the
• 29:56
  article, I'm going to give you guys some context.
• 29:59
  I saw this article dropped on mises and I think it explains
• 30:03
  the situation very well and also it gives us some good context to
• 30:07
  debunk the Fiat Times article, I mean Financial time.
• 30:11
  Sorry. Anyways, the title from mises is
• 30:13
  despite their hubris monetary of.
• 30:14
  These do not have total control and let's just jump on.
• 30:17
  It goes. A new monetary age is coming
• 30:19
  sooner than anyone thinks since 1971.
• 30:23
  The world monetary system has been unanchored by anything of
• 30:26
  intrinsic value WTF. What the fuck happened in 1971?
• 30:31
  Well, the you cheated dollars were supposed to be fully backed
• 30:34
  by gold, meaning that the US would not print more money than
• 30:36
  it could redeem and gold at $35 per ounce in effect, the u.s.
• 30:40
  counterfeited, its own currency. Ever since 1971, the world has
• 30:45
  been on a Fiat monetary system that permits the world's central
• 30:47
  banks to print as much currency as they're properly, gated
• 30:51
  governments demand today. The dollar is worth only two
• 30:54
  cents of its 1971, gold value. But furthermore, as the US
• 30:58
  government keeps spending a milquetoast Fed creates even
• 31:01
  more dollars to prevent interest rates and taxes from
• 31:04
  skyrocketing, which would cause the stock market to implode the
• 31:07
  consequences are only just emerging higher consumer prices.
• 31:11
  Nevertheless, we are told that our monetary Masters, have the
• 31:14
  authority to force us to use the dollar, despite its steady, drop
• 31:17
  in purchasing power, nothing can or will be done or so it is
• 31:21
  claimed. But is that really True.
• 31:23
  It is the hubris of our monetary Masters that they have total
• 31:26
  control over whatever fiat currency is made mandatory.
• 31:30
  But as Victor Hugo wrote, there's nothing more powerful
• 31:34
  than an idea whose time has come.
• 31:36
  And there is a new idea whose time has come or rather an old
• 31:39
  idea that is making a comeback. The idea is sound
• 31:43
  commodity-based money that cannot be inflated.
• 31:47
  This is the signal, guys. This is why we continue to push
• 31:50
  Bitcoin. This Is Why We Believe Leave
• 31:53
  that the Bitcoin standard, the sound money gospel is going to
• 31:56
  swing this pendulum back so hard because people are waking up to
• 31:59
  the idea that they have been getting robbed for hundreds of
• 32:02
  years and the future that we were promised has been stolen by
• 32:06
  the central bankers, and the central planners.
• 32:08
  Anyways, let's see how they, you know, continued to push this
• 32:13
  ruse upon the people. Well, let's go to the financial
• 32:16
  times and this article just dropped and I really love how it
• 32:20
  says up here. At the top opinion, free lunch.
• 32:23
  Oh my goodness, Martin, there's no such thing as free lunch.
• 32:26
  Anyway, let's get into this article.
• 32:27
  The headline is how I learned to stop worrying about public debt
• 32:32
  and inflation. Some economic argument for
• 32:34
  benign, neglect amazing, amazing.
• 32:37
  So I'm guessing this guy is a British person because he starts
• 32:41
  off with UK politics. So I'm going to just cover some
• 32:44
  of the context so we can get into how wrong he really is.
• 32:48
  So as UK politics returns to normal, we are finding out what
• 32:51
  trust and na makes means. And their approach to Economic
• 32:54
  Policy. She is preparing a radical
• 32:56
  shift, my fellow economic, commentators have looked at the
• 32:59
  tax and spending plans of trust in her Chancellor.
• 33:02
  Quasi courting, and put them both down, is gamblers with the
• 33:05
  UK economy, and the public finances.
• 33:08
  And they have a point, the trust and makes Foundation, or office
• 33:14
  are preparing to throw a lot of money around.
• 33:16
  And all this is premised on the other substantiated, belief that
• 33:19
  the policies will lift the growth rate permanently.
• 33:21
  So as to pay for their Largesse and make everyone better off.
• 33:25
  Amazing Keynesian mental gymnastics.
• 33:27
  It's all rather Reckless though, but there is one area where I
• 33:31
  think the Carefree attitude. Displayed by the new stewards of
• 33:33
  the UK economy is something going for it, which is their
• 33:36
  lack of worry, about the level of public debt.
• 33:39
  While it seems likely. The debt rules will be made more
• 33:42
  flexible to avoid self-harming demands for too fast.
• 33:45
  Debt reduction. There seems, no Prospect of
• 33:47
  abandon framework that sets goals for accepting public debt
• 33:50
  to the output ratio to be. Saif be precise.
• 33:54
  What if there's no good reason to think that any particular
• 33:56
  debt levels too high and whatever it is, it should be
• 33:59
  treated with benign, neglect policies, to deliberately pay
• 34:03
  down debt or normatively undesirable debt inherited from
• 34:07
  crisis. Should instead simply be left
• 34:09
  where it has ended up and allowed to be, gradually eroded
• 34:12
  by grow, the Keynesian its obsession with growth that need
• 34:16
  not mean, government should borrow more, but it also entails
• 34:19
  that it may not be necessary to tighten the public budget for
• 34:21
  the purpose of bringing down. DET given the inside to the IMF,
• 34:25
  and of Blancher, what can we say about what?
• 34:27
  Debt level will should be. It seems to me that the, it's
• 34:30
  nothing because the implications of their analysis is that there
• 34:33
  is no optimal debt level what these arguments point to then is
• 34:37
  what and Technical terms is called to be chill about public,
• 34:41
  debt levels, to be click. There's certainly an issue of
• 34:44
  financial stability of public, debt.
• 34:46
  New debt has to be funded and old debt has to be rolled over.
• 34:50
  The implication, is that while government should worry about
• 34:52
  maturity, T management deficits in relation to the economic
• 34:56
  cycle and above all how they tax-and-spend.
• 34:59
  They would do well to forget any Targets for debt levels, but the
• 35:03
  nutshell there may be two types of inflation.
• 35:05
  We should also treat, I and neglect in my view is that
• 35:09
  inflation in rich countries is not driven by excess demand,
• 35:12
  which is near normal levels. Thanks to the strong policies
• 35:15
  that get us out of the pandemic, shutdown of our economies.
• 35:17
  But by two or three other phenomenon of course you already
• 35:21
  know what they're going to blame.
• 35:22
  They blame supply chain disruptions and President
• 35:26
  Vladimir Putin. Amazing.
• 35:27
  So I have argued that there's little central banks can do do
• 35:31
  to contain these pressures in the short run and there's no
• 35:34
  need to do. So, in the long run, because the
• 35:36
  shocks will dissipate by themselves above all, it cannot
• 35:39
  be an economically. Optimal response to shock
• 35:41
  hitting output in jobs, goes to deliberate, depress them even
• 35:44
  further, but why should we do with inflation net levels.
• 35:48
  There's a case for benign neglect here.
• 35:50
  If I am right, that trying to rein in the Euler type of
• 35:53
  inflation will only make things worse than it's better.
• 35:56
  To leave things alone. But what if as the best argument
• 35:59
  for tightening assumed expectations of higher
• 36:01
  inflation? Gets entrenched?
• 36:03
  And that causes inflation to be permanently higher.
• 36:05
  What if well, it depends on how much higher the expectation
• 36:09
  Central Bankers, worried about our for current inflation to
• 36:11
  come down fast, but perhaps to a slightly higher rate than
• 36:16
  before. Did you hear that guy?
• 36:17
  Inflation is coming down but it's still going to be higher
• 36:21
  than we ever thought it was. So what is the issue here?
• 36:25
  Well allowing inflation, expectations of drift up a bit
• 36:28
  when external Supply shocks, raise prices and kill the
• 36:31
  economy, to try to stop this. And then waiting for positive
• 36:34
  Supply shocks to let them drift down again, without trying too
• 36:37
  hard to stop that and then here's the Crux where he
• 36:40
  realizes, he's not offering any value in this article and you
• 36:43
  just wasted your time, reading this article and the Fiat times
• 36:46
  is trying to PR Spin and Gaslight you.
• 36:49
  I am not pretending to have offered arguments that this
• 36:52
  would be the is his policy. This is merely a first stab at
• 36:55
  answering the question. What would you do?
• 36:57
  Anyways let's just rehash a little bit.
• 37:00
  What does means is say the definition of inflation is and
• 37:03
  all you bitcoiners know but to those people that don't know,
• 37:06
  the essence of inflation is not a general rise in prices.
• 37:09
  But an increase in the supply of money which in turn sets, in
• 37:12
  motion, a general increase in the price of goods and services.
• 37:16
  So if you relate to the article, the fact that governments are
• 37:21
  increasingly getting you in debt Creasing tips, print money is
• 37:25
  literally the reason why there's inflation and this gyro, I don't
• 37:28
  know what 1,000-plus word article to try to do some mental
• 37:31
  gymnastics to explain to you, that you should be okay with
• 37:35
  being a Fiat slave and losing purchasing power and Nico
• 37:39
  dropped us on Twitter. And this is, this is what hit me
• 37:41
  to this article. And this is why I knew we had to
• 37:44
  cover it today and I looked at some of the comments because I
• 37:46
  knew there was going to be some gold in there, to further
• 37:49
  elucidate our point. And I really love how Preston
• 37:51
  pitch push this and he goes Oh, how I became more comfortable as
• 37:54
  a debt slave and you can too. This is what the Fiat times is
• 37:58
  doing out there. They are trying to make you
• 38:01
  comfortable so that you are just a frog in boiling water and you
• 38:04
  just, you know, take the L, make sure you lose the, your
• 38:08
  purchasing power Citizen and be happy with it.
• 38:10
  You will owe nothing and be happy as long as we can
• 38:13
  brainwash you with our PR Spin. And I really loved how safety
• 38:16
  team. Put this one.
• 38:17
  Cuz of course, Twitter went wild on this, on this article title
• 38:20
  and he goes the Fiat bro, time. Is the biggest enemy of the
• 38:24
  morons who read it an entire publication dedicated to making
• 38:27
  you dumb. So you can be fleeced by the
• 38:29
  Fiat cartel amazing. Exactly.
• 38:33
  On point and as my buddy, Big, Sean Harris, put it, if this
• 38:36
  whole article isn't I, bought Bitcoin.
• 38:39
  Then he's Cap'n, and this is the point that we bring this up as a
• 38:42
  Bitcoin show is because they can try to convince you.
• 38:46
  That inflation is good. That, you know, there is no
• 38:49
  optimal government debt levels that we can just spend our way.
• 38:52
  And create debt into in infinite amounts of debt and that the
• 38:57
  economy will be able to magically recover.
• 38:59
  When we all know what the true issue is.
• 39:02
  And what is actually, the real reason of inflation, it is
• 39:05
  they've printed way too much money and they will continue to
• 39:07
  print more money and continue to get us in debt.
• 39:10
  So that as we know the, you know, the Cadence Ians are so
• 39:13
  obsessed with growth and they will just continue to make sure
• 39:17
  that the velocity of money, circulates around the economy
• 39:20
  and they pile on the debt and inflation.
• 39:22
  Shane goes up but hey, it's going down a little bit but it
• 39:26
  doesn't hit our 2% Mark, guys. This is complete PR brainwashing
• 39:32
  out here and they are doing anything.
• 39:34
  They can to try to convince you. That inflation is good.
• 39:38
  That more government debt doesn't affect your life, but
• 39:40
  these are all lies, the more money they create.
• 39:44
  The more they expand the money supply, the more you're
• 39:47
  purchasing power goes down, and the more inflation will continue
• 39:50
  to go high. I forget who said it first,
• 39:52
  we're We're entering in a decade of mult of most likely double
• 39:56
  digit inflation. In the first world.
• 39:59
  As everyone says, all the time history doesn't repeat but it
• 40:03
  Rhymes and it seems like we are going back into like 1970s like
• 40:07
  inflation levels and remember what happened in 1971 when the
• 40:11
  u.s. defaulted on its loans and we left the gold standard.
• 40:16
  Do not listen to these PR propagandist these gaslighting,
• 40:20
  you telling you that inflation is good.
• 40:22
  Because they are stealing your wealth, and they're trying to
• 40:26
  turn this in any way possible. So that the masses out there,
• 40:28
  don't freak out, come with pitchforks and knock off the
• 40:31
  central Bankers, as my friend, Big, Sean Harris said, if the
• 40:35
  solution isn't Bitcoin, then they are lying to you and
• 40:39
  they're trying to make it seem like we can just let this play
• 40:42
  out know, the Fiat system is on its last leg, they can no longer
• 40:46
  Kick. The Can down the road and you
• 40:48
  need to opt out of that system with Bitcoin.
• 40:50
  This is why there's a 21 million hard cap of Bitcoin.
• 40:53
  Because I own a money that cannot get debased.
• 40:55
  This is a feature. Not a bug opt out of the
• 40:58
  insanity saving Bitcoin and you can avoid all this madness.
• 41:03
  Anyways, rest in, what is your thoughts bro?
• 41:05
  Did you read this article? No, but I love your take a great
• 41:11
  culture segment again, like you said, history, doesn't repeat,
• 41:14
  but it Rhymes. So, let's take a look at the
• 41:16
  70s. You're coming, right off of
• 41:18
  Vietnam. We're coming right off via Iraq.
• 41:21
  Both Quagmire's, they defaulted by printing too much money.
• 41:27
  In those Wars that led to leaving the gold standard in to
• 41:30
  Fiat. They had the oil embargo.
• 41:33
  We've got the Russia Ukraine, self-created energy crisis, in
• 41:36
  the EU. Then we talk about debt.
• 41:40
  It just came out. Consumer Debt is 16 .17
• 41:44
  trillion. So to break that down further,
• 41:47
  that's 40K per every man woman and child in the United States,
• 41:52
  330 million people in total 30 trillion in debt, and then you
• 41:58
  wonder why their push to go into a cbgc.
• 42:02
  So they have qu e Infinity CBC is number go.
• 42:07
  And Technology by Design. It's Fiat.
• 42:10
  You bet Ubi so that is constant Printing and devaluation.
• 42:14
  Turning you into a total Fiat slave to the ESG system, ESG,
• 42:21
  and CBD. See they go together like
• 42:23
  cocaine and Waffles. Okay.
• 42:25
  You can't have one without the other.
• 42:27
  I was thinking when you were talking earlier it's like that
• 42:30
  old Powerman, 5000 song. Shout out to the 90s guys out
• 42:34
  there but they got the system for total control.
• 42:37
  Roll. It's just madness out there and
• 42:40
  there's just one thing that makes sense.
• 42:42
  That's honest. That's true.
• 42:44
  That is the hardest money ever created and everything has to be
• 42:48
  pointing you in that direction. Amazing.
• 42:52
  I'm gonna give you some poems for that one, bro.
• 42:54
  That busting this. Why I love when you come on.
• 42:57
  And even in the spaces, you always got that, the, the
• 43:00
  receipts to show the people that this isn't new stuff, this is
• 43:04
  stuff that has been pushed down the road for a long time.
• 43:07
  But a lot of us, young people just don't really follow history
• 43:11
  anymore and we think this is all new, but this has been happening
• 43:14
  for a long time. Anyways, let's get into the
• 43:16
  mean, really, the main review, because that's my forte and
• 43:20
  we'll make this show. Finish strong.
• 43:23
  So let's get into this guy's. The daily meme review brought to
• 43:30
  you by B box to bitcoin, only additional Hardware wallet by
• 43:33
  shift crypto crypto like cryptography.
• 43:36
  It's secure, it's open source and it's so easy, your mom can
• 43:40
  set it up. Self custody is the revolution
• 43:43
  in the bit box. Makes it simple, do not leave
• 43:46
  your Bitcoin on an exchange order.
• 43:48
  A bit box today. Amazing.
• 43:51
  Amazing day. Well guys, you guys aren't on
• 43:54
  YouTube today. We just got booted, but you
• 43:58
  already know what I'm about to say for you guys, in the Twitter
• 44:01
  spaces, tweets are the bullets and memes are the artillery.
• 44:05
  And as you can tell, we are on the front lines of this
• 44:08
  information War, the powers-that-be do not want you
• 44:10
  spending this information. We are, you know, financially
• 44:15
  illiterate Psycho-Pass and apparently as Nika always says,
• 44:20
  we are right above the Target because we said something to get
• 44:23
  his booted from YouTube today. So shouts out.
• 44:26
  To everyone listening to us in the Twitter spaces, we will find
• 44:30
  a way to upload this episode. It is still recording on
• 44:33
  restream. But anyways, let's get into
• 44:36
  today's memes. This first one is by documenting
• 44:38
  BTC, and I really love the mental image that this portrays
• 44:44
  here. And as you can see, we got one
• 44:47
  node and it's got a bunch of lines coming off from that one
• 44:51
  note, and it says client-server relationship.
• 44:54
  And then we got the Bitcoin Network or peer to Year where
• 44:57
  everyone is interconnected and there is no one master-slave
• 45:01
  relationship telling you what is truth and what isn't this is why
• 45:05
  we Bitcoin is because we are all nodes on the network and we all
• 45:10
  spread truth and they can't shut down a decentralized network
• 45:13
  like Bitcoin. This is why we tell you guys the
• 45:15
  user node. This is why we continue to tell
• 45:18
  you guys that self custody is the revolution because they
• 45:21
  cannot shut down the network. When they aren't the master in
• 45:24
  the master-slave relationship. It.
• 45:26
  And this next one is by lewd. Read, Luke, rudkowski.
• 45:30
  And I think this is a very fitting meme considering that
• 45:33
  today, I woke up and I saw a lot of grumblings about the bond
• 45:37
  market going up, blowing up and, and yesterday, we had the Fed
• 45:40
  rate hike and again the high-level parasites are telling
• 45:46
  you one thing and as the plebs out there as the average Bitcoin
• 45:49
  ER we are feeling and experiencing a totally different
• 45:52
  thing. Anyways, here's the meme and it
• 45:54
  goes. What's happening right now?
• 45:56
  Our economy and we have a king on his, you know, on his throne
• 46:00
  looking over the patio with his guard arms and he's telling the
• 46:04
  plebs out there. Our economy is an excellent
• 46:06
  shape and then the next comic article is but yours on the
• 46:10
  other hand is not so hot. Yes, this is why we tell you
• 46:15
  guys to opt out because the rich people have all the acids and as
• 46:19
  they inflate the currency as hyperinflation happens, those
• 46:24
  that hold the assets will get richer.
• 46:26
  ER, while we holding dollars will get poorer.
• 46:29
  And this next one is on the same line.
• 46:30
  This one's by Jameson lab and he goes government spending, this
• 46:34
  big ol fat pig, that is sitting on a skinny, little taxpayer as
• 46:39
  a chair says, you need to learn to live with less.
• 46:43
  This is the culmination of what all these politicians and
• 46:46
  Central Bankers are telling us out there is they can continue
• 46:50
  to fly the private jets. They can continue to eat their
• 46:52
  private, you know eat their fancy meals.
• 46:55
  Eat all the steak, they But they're telling us that you will
• 46:57
  be happy in. Oh, nothing that you will eat
• 46:59
  the bugs and they are just fleecing you with inflation.
• 47:03
  And Taxation inflation is theft and so is taxation.
• 47:07
  Anyways, let's keep it moving. This next one is by chair Force
• 47:10
  considering that the hot on a fake Toshi case just ended.
• 47:14
  I think this is a fitting meme. We will cover that news once we
• 47:18
  get some more news coming in, but it seems like hot or not.
• 47:21
  Did a great job. And, and there's some hope at
• 47:23
  the end of the tunnel. So, chair Force goes.
• 47:26
  Ders, whose plans always fail miserably rust and I'm gonna
• 47:29
  need some help. I know who this guy is, but I'm
• 47:31
  blanking on his name and we have we have a few classic Saturday
• 47:35
  morning, cartoon characters. We know we have Tomcat Wiley,
• 47:38
  Coyote and I forget this guy's name.
• 47:40
  It's a little before my time and then we I think it's Rocky and
• 47:44
  Bullwinkle but not too tight. Yeah I think so.
• 47:46
  I think you're right? And then we have that classic
• 47:48
  picture of Craig right at the bottom when he hears the judge
• 47:53
  and the news and he's just like oof I think I'm actually wrecked
• 47:57
  this time. Amazing lets you know shouts out
• 48:00
  to the space cap. We wish you the best.
• 48:02
  Godspeed my brother. I think we may we may be getting
• 48:07
  out of this one bro. So shout out to you.
• 48:09
  I really appreciate you going through the battle and coming
• 48:12
  out. Hopefully, I'm scared, bro.
• 48:14
  We will cover that news once we get some more news on top of it.
• 48:17
  Anyways, its last, or this other meme is by zombie.
• 48:20
  Botany goes, I told him to buy Bitcoin and he said his
• 48:24
  financial advisor. Advised him not to To, and it's
• 48:27
  a Leo to laugh in the background and let this literally got one
• 48:31
  like, I'm gonna have to give it a like, because this is the
• 48:33
  vibe. I don't know how many times
• 48:34
  someone has told me the same thing or have you experienced
• 48:37
  financial advisors telling you not to save in Bitcoin because
• 48:42
  it's too risky. Let me we just had Jamie dimon
• 48:44
  on on the stand saying that Bitcoin is for criminals but you
• 48:49
  know D, fine shit coins are good.
• 48:50
  It's like the pr spin is absolutely insane and anyone
• 48:54
  that isn't telling you that Bitcoin is Shin is trying to
• 48:57
  fleece you or better, yet involved in the Fiat system and
• 49:01
  is profiting somehow. Anyways, this last one, our
• 49:05
  second to last one is by Shire hottel.
• 49:08
  And I've been saying this for a minute, if you need Bitcoin, it
• 49:12
  is too late. You need to build your stack now
• 49:14
  and shower. Hot oil makes my point even
• 49:16
  better, and he goes Noah built his ark Before the Flood, build
• 49:21
  your stack. Now guys, if you need Bitcoin,
• 49:24
  it is too late, you need to start saving Him Bitcoin,
• 49:27
  because I don't know if you see guys, but it's getting pretty
• 49:30
  hairy out there and things are getting dangerous.
• 49:33
  Hint hint, apparently, the bond markets blowing up.
• 49:35
  I don't know, I'm just a pleb, that's learning these things.
• 49:38
  Anyways, considering that we are dunking on the financial times.
• 49:42
  Again, I mean the Fiat, bro, times.
• 49:44
  I I literally put this up, I put it in the show notes,
• 49:48
  considering that we covered the Gemma Kelly article yesterday
• 49:51
  from the financial times. Fiat times talking about, don't
• 49:55
  trust Bitcoin maximalist, and Today, we cover another article
• 49:58
  about how debt and inflation is good.
• 50:01
  And that you should just eat it. You poor pleb and and accept the
• 50:04
  fact that you alone, nothing and be happy.
• 50:06
  So, shouts out to safety and he goes delighted to inform you
• 50:10
  that the Fiat, bro. X is back throwing a hissy fit
• 50:13
  about Bitcoin and Bitcoin owners, and it's The Sound of
• 50:16
  Music. Me and goes, the hills are alive
• 50:17
  with the sound of cry harder. Try harder Fiat, time, Bros, cry
• 50:24
  harder, all you Skeptics of Bitcoin Bitcoin stays winning.
• 50:28
  And this is how I know we are doing the right thing especially
• 50:31
  considering that YouTube. Just shut down our YouTube
• 50:33
  stream because we are spreading way too much signal.
• 50:37
  We joke about it all the time when Niko's stream goes a little
• 50:40
  Haywire. We're like the Matrix has you
• 50:43
  bro. Agent Smith doesn't want you to
• 50:44
  spread the signal. Well, it literally happened
• 50:47
  today. Amazing absolutely amazing.
• 50:50
  Anyways, I'm running out of gadgets over here, guys.
• 50:53
  So I don't know if I've used this one yet, but I am using My
• 50:57
  Apple iPhone charger for the beam routine review, score and
• 51:01
  Ruston, let's give him your score because we don't have any
• 51:04
  chats, you know, Moon review scores.
• 51:07
  So I guess it's just you and me, bro.
• 51:09
  All right. I got a doozy.
• 51:11
  I'm gonna go with the Gambit figurine.
• 51:13
  Oh okay. Yeah, that's quality.
• 51:17
  My favorite had to be Lop with the pig because it was also like
• 51:21
  an animal farm reference. Yes, four legs good or four
• 51:24
  legs, good two legs bad. You know, that was the That was
• 51:26
  great. Exactly, exactly.
• 51:28
  Alright guys. Well, let's get into the
• 51:30
  software release for today. Bitcoin software release brought
• 51:37
  to you by Cipher safe, don't be that person that loses their
• 51:41
  Bitcoin seed. Due to fire damage water damage
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  dog. Attacks back up your
• 51:46
  generational Bitcoin wealth on steel and there's no better
• 51:51
  place to do it than the cipher grid by Cipher safe and now
• 51:55
  check out their new Bitcoin art the Bitcoin rulebooks triangle
• 52:00
  only on Cipher safe dot IO. Ow.
• 52:03
  All right guys. Well today software release is
• 52:06
  the Phoenix wallet for Android version.
• 52:08
  One point four point two, three and it fixes issues where
• 52:11
  payments cannot be received from lnd version, 0.1 5.1 so upgrade.
• 52:17
  Your Phoenix wallets, I haven't tried Phoenix quality.
• 52:20
  I've been hearing a lot of good things about them so really
• 52:24
  excited to see that I'm on. I put it on my Twitter, I am
• 52:28
  going to revamp, my Bitcoin wallets out here so I think I
• 52:32
  might do a culture on on what I think.
• 52:34
  Are the really cool Bitcoin wallets, but before I get into
• 52:38
  all that good stuff, we are sponsored by represent guys and
• 52:42
  we rock it every single day and we even got rust and rocking it.
• 52:48
  I showed this one to some other people to represent.
• 52:50
  Trust, no one in real life and they're like dang, bro.
• 52:53
  Like these represent shirts are fire, guys, so they're super
• 52:57
  comfortable, definitely go check them out.
• 53:00
  And let's just, I think we're rolling this one out, man.
• 53:04
  I hope I didn't miss anything. Nico, Nico will definitely tell
• 53:07
  me if I did miss something. But Ruston, it's good to have
• 53:12
  you. I think it's a I think it's a
• 53:14
  fitting episode to have you. Come on.
• 53:17
  It's was awesome. We're weaving history over here
• 53:20
  bro. We got colon Powell when we
• 53:22
  brought up WM B's. You know Russian well show your
• 53:28
  your your Twitter or wherever. Where can people find?
• 53:30
  You find me at That's for life on Twitter, you can get the
• 53:34
  wake-up call on Spotify and we drop that on Twitter every
• 53:37
  morning straight on the simply Bitcoin handle around 7:30
• 53:41
  Monday through Friday. So go get.
• 53:43
  It. Also also before we go
• 53:47
  definitely check out Simply Bitcoin dot news because Rustin
• 53:49
  is dropping hot fire. Our boy base money.
• 53:52
  Tech is also dropping hot fire, guys.
• 53:54
  We say it all the time. The simply Bitcoin dot news,
• 53:58
  simply Bitcoin. Unfiltered is the simply Bitcoin
• 54:01
  show in written form. And I am just more and more
• 54:05
  excited. Every time they drop something
• 54:07
  because they're giving me chills.
• 54:09
  And I'm like, yeah, this is the content people need, we are
• 54:12
  dropping nukes out there and we're just super excited for
• 54:15
  that. Just continued to Double Down
• 54:16
  Russian. Continue to put in that work
• 54:18
  because you guys are killing it, anyways, rust.
• 54:21
  And let me put you behind the scenes for a moment, and let me
• 54:24
  try to roll this one out officially.
• 54:26
  Well guys, thank you for listening.
• 54:29
  Mainly listening in the Twitter spaces, but we will find A way
• 54:32
  to upload this will see if YouTube will take you down again
• 54:36
  but we do stream on Rumble and Bitcoin TV.
• 54:40
  So the content will be out there.
• 54:42
  I think it's very fitting considering what today's show
• 54:46
  was that you know, they're trying to cancel the truth and I
• 54:50
  say it all the time. We have the truth on our side.
• 54:52
  So we can hot a longer than they can try to cancel us and push
• 54:56
  their lives. But absolutely amazing
• 54:59
  considering what Niko's new section was.
• 55:02
  About them trying to shut down the truth on the internet.
• 55:06
  So imagine giving them complete power over your money.
• 55:10
  This is what they will do with your money.
• 55:12
  This is why we tell you guys every single day to opt out with
• 55:15
  Bitcoin. But of course, if you think
• 55:19
  we're providing value, guys, like share and subscribe this
• 55:22
  video and we are on anchor Spotify and apple podcast.
• 55:29
  And if you really like what we're doing, guys, wear on
• 55:31
  Fountain and In stream of some sads, push the value for Value
• 55:35
  economy. We really appreciate all the
• 55:37
  support. Apparently, we're going to need
• 55:39
  it going here from here on out. We'll see if we get some knocked
• 55:43
  on our YouTube channel. But anyways, guys, hang out with
• 55:47
  us in the spaces because I'm sure it's going to be a fun fun
• 55:53
  show at the end of this one. Alright guys, we will be back
• 55:58
  for the Saturday show. Hopefully, we don't get
• 56:00
  cancelled again, peace out. Out, until next time.
• 56:19
  crypto asset will be.