Latest / Simply Bitcoin / Bitcoin Core Developer Steps Down! | EP 527

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Bitcoin Core Developer Steps Down! | EP 527 · Simply Bitcoin

0:04
Welcome back everyone. We're simply Bitcoin.
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We break down the news. The daily fail mean review.
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And the plebiscites man, I am glad to be back.
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Dot-eu at the time of this recording to block.
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Height is 740 4605. The Bitcoin price 20,000 525,
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chain rewrite days. 827 total public lightning capacity 4211
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dot sixty. Moscow time 48-72 blocks to the
1:02
having 95,000 395 and the samurai Whirlpool unspent
1:08
capacity, Samurai Whirlpool is a coiner collaborative.
1:11
Spend it's not a mixing service and the unspent capacity from
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that pool is 4880 1.25 Nico, the very uneventful numbers and I'm
1:26
glad you're back. Bitcoin is the new Stable coin
1:30
at 20K say that I know might get a break it.
1:34
I might did I just jinx it? I don't know.
1:36
We shall see but so today, we're going to react to some comments,
1:41
right? Oh no.
1:42
We've been getting some very colorful comments because price
1:46
of Bitcoin is down. So we have a comment from a vac,
1:50
I'll pop it, you know. Pop it up for you guys on
1:52
screen. You guys know the deal and Tuvok
1:55
cess How to explain that your economically.
2:00
Illiterate in 30s. Ahaha, first of all, that's a
2:06
compliment fill because you're in your 40s.
2:09
My friend don't wait, I'm economically incompetent in my
2:13
40s. Yeah they say I just did we just
2:15
outdo him he just said how to explain that your economically
2:19
illiterate and no sorries and he was responding to a short and
2:25
the short was Bitcoin holds value better than the dollar.
2:33
I guess he never actually took a look at that chart with the, the
2:37
US dollar losing 99 percent of its purchasing power that, you
2:41
know, that person. And, again, don't get me wrong
2:43
in a traditional banking system, right?
2:45
It looks, you know, we look like we look like idiots, right?
2:48
It looks like it makes no sense because when you don't actually
2:51
understand the proposition of Bitcoin and you look at the
2:53
dollar and you think we'll wait a second, my dollars, not losing
2:55
purchasing power, but in all honesty, if you go take a look
2:58
at the US dollar, you'll see it's lost 99 point.
3:00
Something percent, you go take a look at the Euro, the Euro has
3:03
Lost over 97% purchasing power. So I'm actually I'm actually
3:08
looking at right here, I'll pop up and image.
3:10
Okay, cool is when we look at it, right?
3:13
And the consumer goods, which I think is the most useful, right?
3:17
If you zoom out, because he's absolutely right on a year, on a
3:21
year basis, right? The, a medium new house, what's
3:25
something that you buy it? Let's say a house, right?
3:27
So house and priced in u.s. dollars, u.s. dollars worth of
3:30
bitcoin houses are 73%. More expensive, if you look at
3:35
on a year basis. However, if you look at it on a
3:38
three-year basis, houses are actually even with 100% up in
3:44
the last two years houses, if you were saving a Bitcoin, we're
3:48
actually 21 percent cheaper. If you were saving a Bitcoin on
3:53
a five-year basis, houses are actually 84 percent cheaper.
3:58
So, Mock. You know what, when you
4:02
commented this? I think I was in my 20s.
4:05
I just was in my, I'm in my 30s now.
4:08
In fact, I've been, I've been wealthier in my 20s that I
4:12
haven't in my 30s. I texted you.
4:15
That babe remember the other day film.
4:17
Yes. But okay.
4:18
So I do want to add one other thing though.
4:20
Okay. It's because I just turned 30
4:22
guys just just a little, just it explanation If he if you cherry,
4:27
pick your timelines. Okay, to fit your You'll never
4:30
have to learn anything else, okay?
4:32
Because you will always find biased information to make it
4:36
seem like what you think makes sense and and we know the
4:40
feeling in Bitcoin, but believe me, I spent I've said this a
4:43
thousand times. I used to wake up every single
4:45
day and I was like, hey this this thing has to be garbage, it
4:49
has to be a scam. I need to figure this out and
4:51
every single day I would try to figure it out.
4:53
I would I would try to find the angle and every day, I could not
4:56
find the angle and I would just go and stock more porn.
4:59
I'm like, all right, cat. Get this out.
5:00
I'm just going to buy more Bitcoin because this right now
5:03
is what makes the most sense. So full of cherry picking those
5:08
timelines, you're not helping yourself.
5:09
I know you think you're helping yourself because you feel better
5:11
on the moment, but when you zoom out you're going to be wreck Bud
5:14
because you're not understanding what's happening to the dollar.
5:17
Absolutely. Now, moving on to the next one.
5:19
Fill. This was my, I forgot there was
5:21
another one. There's this one's a little bit
5:22
more complicated, it's by Wayne last and he said and this was a
5:28
reference to To the shore. I think you actually put this
5:33
the other day, why governments can't be trusted to print money.
5:36
That was the title of the short. And Wayne last said, the rich
5:41
have the ability to generate more wealth, which is subtly
5:45
taken from the middle, and pour classes.
5:48
And then he goes on to say, well, Thomas Flores says, don't
5:52
blame the rich for the work of Washington.
5:54
Very good answer and then Wayne last continues.
5:57
He says, I'm 100% right? I've never say I'm 100% right if
6:02
I'm if I'm sure about something I say 99 because there's always
6:05
that doubt, right? So humility, right people with
6:10
money, you use it to extract wealth from each other.
6:13
The entire economy is structured us this way which is why the
6:18
rich get richer and more divided we become.
6:20
Okay? So the first part of that is a
6:24
is ideological and the way that you're looking economics.
6:27
So I'm not going to bother going back to that.
6:30
Because some people say, you know, we use money to create
6:34
wealth, right? That's what it's all about money
6:36
is it taken, right? It's created when you produce
6:39
something, but I understand that certain people with certain
6:43
ideological beliefs might disagree.
6:46
So I'm going to, I'm going to stick to the money argument
6:49
which he says the economy is structured this way which is why
6:53
the rich get richer. And more divided we become I'm
6:55
going to leave the economic thing aside but the rich get
7:00
Richer, and the poor get poorer. Maybe if you say if you're
7:04
talking about the economy but let's focus on the money, right?
7:09
What happens when the, when the government prints money, when
7:11
the government prints Fiat, right?
7:13
Something is a wealth redistribution, right?
7:17
It's not rich people taking your money when the government prints
7:21
money, right? The government, every time, and
7:23
they describe this, they call it inflation, right?
7:26
When they print more money, they add more money to the money
7:28
supply if you're poor, or if you're middle class and you
7:32
don't have Have the means to save in equities Commodities or
7:38
real estate that don't benefit from asset inflation.
7:41
Most people in the lower income and the middle income, they save
7:45
in cash and if you save in cash and you don't have your money
7:49
and assets, you don't benefit from the money printer.
7:53
In fact, every time they print money, the government is
7:57
stealing from you and they're giving to the very wealthy and
8:01
they're giving to themselves. It's right.
8:03
So to go back to the original comment, it's actually a good
8:07
thing. If we separate the money away
8:11
from government because you take away the government's ability to
8:15
do that, to you, on top of that. I know that you're concerned
8:18
about the wealthy, the awesome part about Bitcoin is that you
8:23
take away the wealth. He's ability to debase your
8:26
money. You take away anybody's ability
8:28
to debase your money or to steal from you, right?
8:31
Because at the end of the day and shit, Owens do this to as
8:34
long as someone has the power to print more money that you hold.
8:40
Every time they print more money or the create more money, it
8:44
devalues what you're holding, right?
8:46
So if you put the economic argument aside, I'm not going to
8:49
get into that, right? And you just focus on the money,
8:52
right? Fixing the money as was the
8:55
original title of that video fixes, the Crux of the issue,
9:00
because you're taking away, someone else's ability to steal
9:04
from you by debasing currency. So I hope that by debasing the
9:09
currency. Holding better set.
9:11
So I hope that answers your question.
9:15
Wayne last anyways. Phil, what are your thoughts?
9:18
Yeah, no I look I think you did a great job with that with that
9:21
response. So look I you know, when I was
9:24
in my when I was like 16, you know, when I was in my teens I
9:27
was absolutely certain that it was the rich and the powerful
9:30
corporations that were robbing the middle class and the poor.
9:35
I was absolutely certain that that if Walmart didn't exist
9:38
every other business would flourish, okay.
9:41
But that was before I understood incentives, that was before I
9:44
Understood the debasement which was, is the correct word to use.
9:48
Okay, the debasement that the government does through the
9:53
Federal Reserve and through the treasury and the circus of money
9:57
creation, okay? That's really the Crux of the
10:01
matter. So you see by creating the
10:05
situation where we as individuals decide to blame the
10:08
rich and the corporation's, what's happening is that the
10:12
government and the private entities that produce Money.
10:15
They get a free pass, they get to just sit in the background.
10:18
Keep debasing. And guess what?
10:20
We're blaming the rich, we're blaming corporations but at the
10:23
end of the day, it's nothing but incentives.
10:26
That's all it is. It's every single human, you
10:27
know, and Niko, you always, you know, like it's like always sit
10:30
there and be like now, they're evil.
10:31
You know, when you're like there's nobody's just sitting
10:33
there twirling their mustache and and you know what?
10:35
In this case, yes, you actually have a mustache, you can do it.
10:38
But like, you know, in this case the really not they are
10:41
literally acting on their incentives.
10:43
Now, the other piece that Want to bring into this, has to do
10:46
with education, okay? Something I learned growing up
10:50
was that the wealthier friends that I had had a better
10:55
understanding of how to how to create money in terms of
11:00
employment or a business. Number one, and number two, how
11:04
to use money, right? In terms of.
11:07
Hey, if you can get this money to work for you, you can spend
11:12
your time doing something else, and this is, Something that
11:15
unfortunately the poor don't either are not taught this or
11:21
maybe they are. And they just don't, they're not
11:23
explained the significance of it or maybe just on an individual
11:27
level, they just don't care. So again, I don't want to, you
11:30
know, give a blanket statement, this to why that's happening.
11:32
But I'm just saying, is that it truly is a matter of knowledge
11:36
in this case. And you have to understand the
11:39
playing field that we're on, right?
11:41
We have to understand the game board that we're on in order to
11:44
play. Game effectively.
11:46
And once we understand that the government debases our money
11:50
through the mechanisms of the Federal Reserve and the
11:53
treasury. Well then we understand how to
11:56
play the game. Bitcoin makes it so that we
12:00
literally remove the game board out from under that system and
12:05
we take the money printing capability away from them.
12:07
So, yes, this is why we Champion Bitcoin and we do think that it
12:12
is going to fix this problem. Sorry, that the video offended
12:16
you. No, I 100% agree.
12:18
I think that you really, you really said something really
12:22
wise, which is and I've said this many times, I've told this
12:26
to you, Phil many times, right? Which is the biggest difference
12:29
from someone who's very poor, and someone who is very wealthy,
12:34
I've been both back in back in my teenage years, the very
12:40
wealthy part before I lost everything due to before my We
12:45
lost everything due to some Domino effects that were started
12:49
due to the 2008-2009 financial crisis.
12:52
And one of the things, the difference is, right?
12:57
That I've noticed from very wealthy people, very poor
13:00
people, right is the mindset. So, I always say this, I'm like
13:03
the difference between someone who's poor and someone whose
13:05
wealth is obviously, you know, what's in their bank account.
13:08
But the important difference is the way they look at the world,
13:12
right? There's the poverty mindset.
13:14
But then there's the wealthy mindset, it's real.
13:17
It's a it's very very real and it very, it will affect the way
13:21
that you look at opportunities, the way that you look at life,
13:24
right? So, so yeah, man, I hope Wayne
13:27
and are see this but anyways, Phil it's time for the Daily
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All right, everybody check this out, I'm gonna run through this
14:03
real quick then we're going to talk about some more important
14:06
news. So Robin Hood enables Bitcoin
14:09
transfers for all users. We called This months ago, they
14:13
did technically they did announce it.
14:14
It at the Bitcoin conference but now they've actually enabled it,
14:19
right? And at the end of the day, look
14:22
check this out, fill the firm started testing its Bitcoin
14:24
withdrawal feature and September 20, 21, and under two months.
14:28
1.6 million users were on the wait list to access the
14:32
functionality. It begins, it began rolling out,
14:35
Bitcoin withdrawals, and January 20 22.
14:38
So dude, now it's for all users, now, you don't have to be on a
14:41
waitlist, that's a lot of people, taking self custody,
14:44
that is Ultra bullish. At the end of the day.
14:46
Did Robin Hood do this out of the goodness of their heart?
14:49
No, and we actually predicted that not only Robin Hood would
14:53
PayPal was going to do this as well.
14:55
Back in the day, when we covered an article at the beginnings of
14:59
Simply Bitcoin when we were going over cash apps numbers,
15:03
right. Cash app was making a lot of
15:05
money on bitcoin sales and if you see what cash app enables
15:10
cash, app, enables withdraws, right?
15:12
So, in order to stay competitive, remember What we
15:15
were talking about incentives in the beginning, in order to stay
15:17
competitive, Robin Hood and PayPal had to match what cash
15:22
app has doing an order in the hope of attracting some of those
15:26
customers back to those platforms.
15:28
So it's good to see this. Now the more important news is a
15:32
little bit of noise but I think I wanted to cover it because of
15:36
we always like to make here. The the case guys, that
15:38
incentives are very powerful. Anyways, moving on to this
15:43
Gloria's ow becomes first, female Bitcoin, core maintainer,
15:49
and Peter will lie. I'm sorry, if I pronounced, that
15:51
guy's Phil's going to help me with the prawns pronunciation
15:54
steps down. Developer announced his name
15:56
either. I'm sorry guys.
15:58
Please correct me in the comments.
15:59
He's I know he's a, he's a veteran, Bitcoin Dev and I
16:03
apologize for not pronouncing his name correctly.
16:06
Anyways, developer Gloria's out has become the first known woman
16:09
to join the select cohort of Bitcoin core containers.
16:13
Bitcoin core maintainers have Commit, commit.
16:15
Permissions to the repository and are responsible for merging
16:18
contributions from other developers on to the code base.
16:21
Zales addition, to the group came on the same day as a long
16:25
time and painter, Pierre stepped down from the role.
16:28
Willie is one of the most well-known developers in the
16:30
Bitcoin community and has contributed immensely to the
16:33
Bitcoin ecosystem, particularly particularly to bitcoin core the
16:37
developed. The departure of the developer
16:40
who works on many Bitcoins important upgrades.
16:42
A date in Including bip, 32c phrases, seg wit and tap tap
16:47
Roots, nor cause some fears in the community.
16:49
And this is he responded to clarified some things on Twitter
16:53
to be clear. I won't stop contributing to
16:55
code review and all the projects I'm involved in.
16:58
So, Alexis looks like he's just, he just doesn't want to, he
17:03
doesn't want the permissions anymore, but he's still going to
17:05
be active on on bitcoin. And if you take a look at the
17:09
actual GitHub, repository, here's someone who's actually
17:13
You thanking him for the work that he's done.
17:15
Check out, check this out, but it's by AC ache verified the
17:20
fingerprint so it's obviously him.
17:22
Thank you for being a Bitcoin core maintainer.
17:24
Since 2011, this guy's been here almost since the beginning I
17:28
have learned a lot of things reading your posts and will keep
17:31
learning as you will still be active as a contributor.
17:35
Really, really cool. Phil is this a, this a passing
17:39
of the guard and another thing that I wanted to Bring up.
17:43
And again guys, I'm not really a believer in the whole identity
17:47
stuff. I'm a big believer in the merits
17:50
of someone. I think someone shouldn't be
17:52
judged by their sex skin color and all that stuff.
17:56
I think shouldn't someone should be judged based on their own
18:00
accomplishments and based on their own personality, the sex
18:05
and skin color at all. That stuff is completely
18:07
irrelevant. And that's the way it should be
18:09
because Martin Luther King that said the famous line, right?
18:13
Don't judge someone by the color of their skin but rather on the
18:16
content of their character, something along those lines.
18:19
So yeah. But I still think it's awesome
18:21
that, you know, it was a girl, the first Bitcoin core
18:25
maintainer that's a woman. That's, I think that's, that's
18:28
awesome, that's historic. And if you take a look at
18:31
Gloria's credentials, which I think is the actual important
18:34
part. She's very credential like, you
18:36
know, she has the background, I think she deserves it.
18:38
Right. So I think that was really cool.
18:40
And again, shout out to Peter for Painting it for so long.
18:44
I'm sorry that I butcher the pronunciation of your name.
18:47
I apologize. If I ever see you one day, I
18:49
will buy you a beer. Phil what are your thoughts
18:52
think people pronounce his name? Peter wheel but I could be
18:55
wrong. Anyways, I'm trying I'm trying I
18:57
that's probably wrong to and I'm also apologizing because I
18:59
couldn't pronounce it right to begin with either but look okay.
19:02
Before we talk about the, the maintainer stuff that Robin
19:06
Hood, that that Robin Hood article.
19:08
All I was hearing is like everybody was excited to get at
19:13
their corn off of their platform.
19:16
The fact that they had 1.6 million people on that wait list
19:19
to get all of their corn off of their shows you it that is the
19:23
signal that is the signal and the signal is when people are
19:28
given, okay? When people are given the proper
19:31
information and the choice, they will self custody.
19:37
So proper information, the tools and the choice.
19:41
They will self custody and we can see the proof of that or at
19:43
least to me. I take that as proof.
19:45
Okay for the, for the Bitcoin, core maintenance stuff.
19:50
I totally agree with you. I mean, look, I'm a Gen X or the
19:54
way that we were the way that we were raised or at least the, you
19:57
know, the way that I grew up was it was exactly what you said, it
20:00
was about your merits, it didn't make a difference, whether you
20:03
were male or female what you identified, as nobody gave a
20:06
shit that only matter to you, that's important to you and
20:09
that's fantastic. But the point is that it had to
20:13
do with the quality of your work, your integrity what you
20:17
presented, right? What you actually came to the
20:20
table with and these are the things that should matter.
20:23
That being said, unfortunately, we do see comments in the
20:27
Bitcoin community that there isn't enough involvement by
20:32
females and for females. And so I think that, at the very
20:36
least, this is a positive development.
20:39
Maybe it's going to encourage some other, some other Other
20:41
ladies to, you know, decide to step up as well.
20:43
Not that they haven't in any way, shape, or form.
20:45
I'm not making that assumption. I'm just saying, this may
20:48
encourage others, right? Because usually, that's how it
20:50
works. It's not the masses that just
20:52
all of a sudden to decide to go and do something.
20:55
It takes one person and that one person motivates a second, and a
20:58
third and it goes on and on. So you know what?
21:02
Good for us. Awesome for Gloria and the
21:06
reality is Peter's been doing this for a decade.
21:08
I'm pretty sure he wants a break as well.
21:10
So, Everybody wins. We hope everybody wins me hope.
21:14
So now that we got the positive news out of the way, all right,
21:19
I'm gonna go back to back in time to a tweet that I did a
21:24
while ago, actually have it pinned because of how important
21:29
I believe this is, this is right.
21:31
You have to know we always talk about the peaceful Revolution,
21:35
you know? And you automatically, you think
21:38
Revolution, you think bullets, you think.
21:40
You think violence right. No, we say Bitcoin is a peaceful
21:45
Revolution, but what is the revolution?
21:47
What is this? Revolution revolution is simple
21:51
people. Taking back their financial
21:53
sovereignty. That's it.
21:56
How do you do that? You take Bitcoin off exchanges
21:59
and you take it into Cold Storage?
22:02
That's it. If enough people do that we win,
22:05
right? Really, it's not rocket science.
22:08
That's it. That, that is the Revolution,
22:11
right? So why is this such a big deal
22:14
because if you look throughout history, right?
22:17
Whether it's the bank runs of their 1930s or V, the horrible
22:23
example that I always give, right?
22:25
Which is back in the 30s, right? When a certain government, got
22:31
in power, in Germany. A lot of the Jews that were
22:36
being persecuted, could not leave.
22:38
Because one of the first things that This particular government
22:41
did when they got into power was freeze.
22:44
The accounts of not only Jews but of certain ethnic people
22:49
right with Bitcoin. If you take Bitcoin into self
22:53
custody, not only do you have the power to vote with your
22:57
wallet. You also have the power more
23:00
important power to vote with your feet.
23:03
You could take all of your wealth with you like this,
23:06
right? And that I believe is going to
23:08
change Humanity. So Why am I talking about this?
23:12
Check this out. This was a big piece of news
23:14
that we are. We actually covered this earlier
23:16
Phil, but this came out recently, July 11th, China
23:21
crushes, Mass protests by Bank, depositors demanding their life
23:25
savings back. This is an article on CNN
23:28
Chinese and I know CNN has bad reputation, but don't worry, I
23:32
checked it out on Reuters. I checked it on the financial
23:34
times and I checked it out and Wall Street Journal.
23:37
The reason I'm using this one too because it has the most
23:39
amount of pictures anyways, So I could show the our video viewers
23:44
anyways, Chinese authorities on Sunday, violently dispersed, a
23:47
peaceful protest by hundreds of depositors who sought in vain to
23:50
demand their life savings. Back from banks that have run
23:54
into a deepening cash crisis. Check this out and connect this.
23:57
What we were talking about with the Celsius, we were talking
24:01
about block fi it's the same goddamn problem.
24:04
You give a bank, you give an exchange your money, they
24:07
promise you security, they promise you.
24:10
You a yield right in the back. What are they doing with your
24:14
money? They're speculating with it.
24:17
Who's the one that pays the price?
24:19
You do what happens when you take Bitcoin into self custody
24:22
no one could speculate on your money period.
24:25
Anyways, since April for Rural Banks and China's Central henan
24:29
Province have Frozen millions of dollars worth of deposits,
24:33
threatening the livelihood of hundreds of thousands of
24:36
customers and in an economy already battered by draconian.
24:41
Virus lockdowns on Sunday, more than 1,000 depositors from
24:45
across China, gathered outside, Shing Zoo branch of this
24:48
country's Central Bank. The People's Bank of China, not
24:51
so much. The People's Bank of China looks
24:53
like they don't give a shit about the people so launched
24:55
their largest protest yet more than half a dozen.
24:58
Protesters told CNN the demonstration is among the
25:01
largest largest China has seen since the pandemic with domestic
25:05
travel limited by various virus restrictions on movement last
25:09
month. Zigzoo, Authorities even
25:11
restored to tampering with the country's digital virus health
25:15
code system member, we covered that film to restrict the
25:18
movements of depositors for their planned protest.
25:21
Sparking a sparking, a nationwide outcry.
25:25
Moving on the face off lasted for several hours until after
25:30
11:00 a.m. with rows of security officers suddenly charged up the
25:34
stairs clashed with protesters who threw bottles and other
25:37
small objects at them. Keep in mind what this is
25:39
saying. Zoom out.
25:40
Out security guards are beating the shit out these protesters
25:45
because the bank doesn't want to give them their money.
25:48
Whose money was it really the whole time?
25:50
Anyways, the scene quickly quickly descended into chaos as
25:53
security officers, drag protesters down the stairs and
25:56
beat those who resisted you want.
25:58
Your money will beat the shit out of you, including women, and
26:01
the elderly, according to witness and social media videos,
26:04
one woman from Eastern, strong dong Province told CNN.
26:08
She pushed to the ground by two security guards.
26:10
It's who twisted and injured, her arm a 27 year old man from
26:14
the southern city of Shenzhen surname.
26:16
Son said he was kicked by seven or eight guards on the ground
26:20
before being carried away. A 45 year old man, from the
26:23
Central City of Wuhan said his shirt was completely torn at the
26:27
bank back during the scuffle. So imagine right every time you
26:31
take Bitcoin into self, custody nvk comes out of the closet
26:34
starts beating the shit out of you with a stick.
26:38
Obviously, that doesn't happen. Right?
26:41
This is the power of self custody.
26:43
These types of situations, really highlight the power of
26:47
taking money into your own hands, right?
26:50
Your country, your bank Can't Hold You hostage anymore, right?
26:55
That is extremely powerful and look, this is history repeating
26:59
itself in the United States during the bank runs of the of
27:02
the late 1920s early 1930s. Same thing police were called To
27:08
stop the protesters, but what do the protesters want to?
27:11
They want to change of government, to they want the gas
27:13
prices know, all they want is their money back, the money that
27:19
these banks, these exchanges speculated on.
27:24
It's the same concept. Don't let other people hold your
27:29
money and if you do understand that what you're doing is risky,
27:35
it's an the government's know this.
27:38
In the United States after the 1930s, right?
27:43
One of the things that FDR did to ensure the public that your
27:48
money was safe there is that they set up something called the
27:51
FDIC Insurance in the United States and went from it back
27:55
when I was growing up, it was 100,000.
27:57
They moved it up to 250,000. Where's that money?
28:01
That's being insured coming from the government, just going to
28:04
print it. So even if the government right
28:09
Honors that right and I think there's actually the Insurance
28:12
Fund as well, right? But let's we all know that
28:15
Insurance Fund isn't enough, right?
28:17
But let's say they honor that. Where's that going money?
28:19
Going to come from, they're going to have to print it
28:21
meaning even if your money is not in that bank, you are still
28:26
going to pay the consequence for it.
28:30
Keep your money, put your money, your time, your wealth, your
28:33
energy into something that can't be debased.
28:37
And that it's very difficult to confiscate.
28:40
That's my two cents here, these types of things, this is just
28:44
happening in China. Today, I guarantee you it's
28:47
going to happen someplace else because the concept, the places
28:51
might change. But the concept is the same,
28:54
you're trusting a central entity with your money, don't you don't
28:59
have to trust them anymore. You could make the argument that
29:02
before Bitcoin you had to trust now, you don't my two cents.
29:07
Phil, what are your thoughts? Yeah, I just want to point out,
29:12
you know, the whole FDIC insurance thing, I remember when
29:15
this happened, you know. And they were trying to
29:17
essentially make everybody, you know, they're trying to calm
29:19
everybody down, trying to, he's everybody's mind, right?
29:21
Say, it's okay, we got you, you know, we're going to cover,
29:23
we're going to cover a quarter of a million dollars.
29:26
And of course, you may think to yourself.
29:27
Well, you know, who's going to have more than a quarter of a
29:30
million dollars in a single bank account, don't get me wrong, but
29:33
there are some people who do and so technically what that means,
29:37
okay? Let's say for whatever reason,
29:39
let's say you had seven hundred and fifty thousand dollars in a
29:42
bank account, the FDIC only ensures 250,000 dollars.
29:46
Something goes wrong, you just lost half a billion dollars like
29:50
that. Half a million dollars is not
29:51
insured. So what does this Force?
29:52
The individual to do. So it forces the individual now
29:56
to have to go open another account, okay?
30:00
And then you've got to transfer funds into that account.
30:03
So now all of a sudden we're introducing more complexity into
30:07
the mix, all right. And I want you to think about
30:09
this when we, I always bring this up, and I think that we
30:12
just, I don't know if not enough, people just take it
30:15
seriously or maybe it's just that, I don't say it with enough
30:18
passion, I need to, I need to learn some, I need to learn how
30:21
to do the Nico rants, okay? But essentially this time that
30:25
we give you didn't compartmentalize the time and
30:29
hand over bits and pieces of, there were no, the only string
30:33
attached that you had that we have for our time.
30:37
Is that That we gave it in exchange for this value that we
30:42
thought was ours, this value that.
30:45
We thought we got to keep this value that we thought we got to
30:50
exchange and move around when we want it.
30:55
That's not what we frickin got instead.
30:58
All we got was a bunch of very complex, strings attached, that
31:04
made it so that all of a sudden we now no longer Any control
31:10
over our money and this situation that you brought up in
31:12
China. I know the people sit there and
31:14
go. Well, that's not going to happen
31:15
here. Let me tell you something.
31:17
Four years ago, I didn't think that you could lock down entire
31:19
countries. And then we saw a whole, we saw
31:22
a good portion of the world get locked down.
31:25
So for the people who think that these things can't happen, or oh
31:29
no it's okay because I can always keep control.
31:32
I don't do anything wrong, they're not going to stop me.
31:35
The banks aren't going to stop me from getting to my money.
31:38
You can't think like that. We saw what happened with the
31:41
Canadian truckers we're seeing what's happening in Sri Lanka,
31:44
we read what's going on in China.
31:47
What more do we need to realize that self sovereignty of our
31:53
time value? This is the only answer we have
31:58
and Bitcoin is the only tool that provides this escape hatch.
32:05
So, Bitcoin you're muted, 100%. Literally there is no.
32:13
You know, the examples kept keep being shown now, we have a
32:17
solution. It's time to act like we're at
32:20
that point, right? Take self custody.
32:22
What I said in the beginning, the revolution is self custody.
32:24
If enough people do it, we went anyways.
32:27
Phil it's time for the daily fail brought to you by Swan.
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The link is down below. All right, guys.
32:47
So look, we all know, you know, we've harped on WTF happened in
32:52
1971, right? We know that Ben Prentiss
32:54
heavily-armed Cloud. They've got that awesome website
32:57
that details all of the debasement and the ridiculous
33:01
Federal Reserve treasury Shenanigans.
33:03
All that stuff, this was something interesting that I
33:06
wasn't. Beware of.
33:07
So I Gotta Give a shout-out to the WTF underscore 1971 account,
33:13
and I think that they make an excellent point here.
33:16
What the fuck happened to marriage?
33:18
This is kind of weird because look at this.
33:21
We were we were doing okay. We were doing okay.
33:23
And then all of a sudden we get to 1970 1971 in this thing turns
33:27
into a freaking hockey stick is it possible?
33:31
The debasement all of a sudden made it so that people realized
33:36
like, uh, I'm going to need more, I'm going to need more
33:39
than just dollars to stick around.
33:42
I don't know, maybe people need to revisit true love.
33:45
I'm not really sure. All I could say is marriage
33:47
should not have been destroyed, okay, with the debasement of the
33:52
dollar. So this is scary stuff.
33:54
We can see that. The Ripple effects do not just
33:57
affect money. They affect our livelihoods,
34:00
they affect our relationships, very scary stuff.
34:04
Anyways, I'm afraid to see what that chart looks like in the
34:06
future Niko. You have any thoughts on this
34:07
before we move into the the Deep?
34:09
Yes. Oh Dude, I think that just
34:14
looking at that data from a single point, you're just like
34:18
Nico that's a coincidence, right?
34:19
But if you go take a look at the website, what the fuck happened
34:23
in 1971? That's a lot of coincidences,
34:26
right? And they all start it, like
34:29
listen, whether it's the salaries, right?
34:31
Salaries have an increased really since the 1970s right,
34:34
whether it's the house ownership, whether it's all
34:37
these things start going wrong, all these It's like the
34:42
wealthier, get wealthier, the poor get poorer, everything
34:46
really started happening in 1971 since they started debasing the
34:52
currency, very strange. And I some people would like to
34:56
say and I would like to make the argument to the US defaulted on
34:58
its debt in 1971 and they're just like, you know what?
35:02
Yeah, our dollar isn't backed by anything.
35:04
It's fine, you guys could fuck off and in the beginning it
35:08
worked out just fine, look at the 1980s but Time right?
35:13
Started breaking things and you could even make the argument
35:16
right? That the moral decay of society
35:18
that we're seeing today, right? We don't like to talk about
35:21
social issues on the show but hey, if you're, if you're not an
35:23
ostrich with your head in the ground, you're starting to see
35:26
some things that are very weird, right?
35:29
That has happened before. Read the book, when money dies.
35:33
Right? What was happening in Weimar
35:35
Republic, you know, bright leading up to the hyperinflation
35:39
and read and look into To what was happening at the end of the
35:43
Roman Empire, very, very similar things, and what happened at the
35:48
end of the Roman Empire, they were debasing the currency.
35:52
It might not be what the Fiat that we have today, but the
35:55
actual gold or silver percentages, and coins in the
35:58
Denari, started to go down, right?
36:00
So you could make the argument that Phil, perhaps write that as
36:06
more the money gets disconnected from reality, the more perhaps
36:10
people in a Just levels. Start to feel it.
36:14
Maybe start acting on it as well.
36:17
Maybe I'm crazy. Anyways film, what is the Big
36:19
Kahuna? All right, here we go, let's
36:22
dive into it. Let's dive into it.
36:25
I got to do some. I'm going to do some screen
36:26
share here. So give me a sec.
36:28
Still getting used to this week. We changed our scream and just
36:31
gotta get used to it here. Okay, let us know down in the
36:34
comments. What ya think of the new
36:35
software we're still messing around with it.
36:37
The green screen, things are going to still try to get them
36:40
to work, so bear with Us. We will figure it out.
36:43
Aw. Sorry guys, new software and
36:45
we're getting used to it. Okay, so so let's dive into some
36:51
shit coining. That's right.
36:52
It is a brand-new week. We need to spin up some new
36:55
narratives, because, guess what? You can't just have this money
36:58
disappear. So let's get started.
37:01
And let's take a look here, we've got a tweet from Ryan,
37:05
Wyatt who is who is Ryan White, he's the CEO of polygons Studios
37:11
madam Anyways let's take a look right because apparently even
37:15
though Tara Luna rug pulled and destroyed you know a whole bunch
37:19
of value it looks like there's some projects on it that still
37:23
need to be saved. Anyways let's dive into this
37:26
Tara projects have begun migration over 48 projects and
37:30
Counting including at one planet nft.
37:33
An exclusive at 0x polygon, Marketplace and Derby Stars
37:38
underscore HQ. It was so awesome to help and
37:41
Welcome, all of these wonderful developers to our thriving
37:45
ecosystem. Of course?
37:47
Right. It's fantastic stuff.
37:48
That doesn't need to be money stuff.
37:50
That doesn't need to be an investment.
37:51
Hey, don't worry about it, you were on a rug pulled platform,
37:54
it's all good, we're going to move you over to our platform
37:58
what could possibly go wrong. Anyways, let's dive a little
38:01
deeper into this and see what they're saying.
38:03
So how polygon is taking advantage of this latest Exodus
38:09
from Terra? All right we're Be putting
38:12
capital and resources against these migrations to welcome the
38:16
developers and their respective communities, right?
38:19
Always, always the inclusion from the shit coiners, right?
38:22
Everybody's Kumbaya we're all working together.
38:25
That's right. We're all working together
38:26
except none of us are actually working on bitcoin.
38:28
Anyways. We are opening our arms to all
38:32
who want to come over a lesson learned in the Tara collapse, is
38:37
that it's very wise to be on an evm compatible chain.
38:41
Ali, so that you don't have to rebuild.
38:44
So I just hope that whatever developers go, they go with evm
38:48
in mind for longevity. Okay?
38:52
So listen, this whole evm garbage.
38:55
This, this is just a theory. Mm crap, okay.
38:57
And we all see that aetherium is broke AF, okay?
39:01
It is just complete broken garbage.
39:04
And I think that this is just absolutely ridiculous.
39:07
A ridiculous narrative to draw attention to this chain.
39:11
That Nobody cares about the other piece.
39:14
I want to point out that this is that coming from the corporate
39:16
background. I can tell you that Lessons,
39:19
Learned bullshit, that is Corporate speak.
39:21
That is Corporate speak for we screwed up because you know we
39:25
didn't pay much attention. So now we're going to use this
39:28
term in order to validate that we've understood what the
39:32
problem is and we're going to fix these things going forward
39:35
but you need to ask yourself, is polygons really safe, is it?
39:41
It really safe. It was on the wrecked.
39:45
Leaderboard number two, on the wrecked leaderboard for 611
39:50
million dollars for August of last year and let's just take a
39:55
quick look. Okay.
39:57
We're going to take a quick look at this article here just to
40:00
remind everyone. We may have some new viewers,
40:03
maybe they're not aware and they're thinking oh look at
40:05
that. Look at this shit coin.
40:06
They're so welcoming hackers stole at least 600 million in
40:09
poly exploit across three chains.
40:12
And that's right. So if you have one of these 48
40:15
projects that comes over, who's to say that project isn't going
40:19
to get rug pull, we have no idea and you're only going to find
40:23
out once the damage is done very, very dangerous.
40:26
Alright, so here we go, just a just a quick recap here.
40:29
Okay, so the hacker that pulled this exploit posted three
40:33
bizarre messages through transaction records on a theory.
40:36
Mmm. According to the data from
40:38
either scan. This is one of the message, it
40:41
would have been a billion dollars.
40:42
If I had moved remaining shit coins, that's right.
40:45
He called them the hacker called them shipped home.
40:47
Did I just save the project? Not so interested in money.
40:51
Now, considering returning some tokens or just leaving them
40:56
there. Okay, now guys, I want you to
40:59
think about this, I want you to think about this very carefully
41:03
because again, this is, this is part of the partnership.
41:06
Parade that I always talk about with the shit coins, it's meant
41:10
for you, to feel the warm and Fuzzy's.
41:13
Okay, so you read this type of information and you say to
41:16
yourself, it's okay this is a supportive ecosystem and they're
41:21
just going to move over to this more resilient platform.
41:25
This is not the case. This is centralized garbage
41:28
polygon is centralized garbage. The chains that are going on to
41:32
polygons are also centralized garbage, which can absolutely be
41:36
rug pulled and we showed you. The second biggest rug pull in
41:40
the history of rock pools was on this chain.
41:46
That these projects are going to don't be fooled.
41:50
This is crap, nobody needs this. Okay, take the Bitcoin.
41:55
This is, this is all just a part of the partnership parade and
41:58
nothing else. None of this needs to be money.
42:01
None of this needs to be pretending that it needs to be
42:03
money. If this technology actually help
42:06
had value, they would be able to go through VC's.
42:11
They would be able to present the technology.
42:13
They would be able to show how it offers value, how they are
42:17
able to create a proper product or service and how this product
42:22
or service would be able to sustain itself.
42:25
But it can't. Okay, so really what you're
42:28
seeing, even though I know it looks all Kumbaya, this is just
42:32
cannibalizing. That's all it is.
42:34
They're simply just taking the crap from these other projects
42:37
which already failed. We already covered the Luna Tara
42:40
collapse multiple times and they're trying to make it look
42:43
like. Hey, we've got this Safe Haven
42:45
where we can create value for you.
42:47
This is nonsense and it's bullshit, and you're going to
42:50
see in three to six months. Were most likely going to be
42:53
covering a rug pull from one of these 48.
42:55
Eight projects that no one ever heard of Niko.
42:58
I mean, I know that we covered polygon so many times, but I
43:01
just found this just so absolutely sickening because I
43:05
remember when we had the bear Market of 2018 2019.
43:10
And I remember seeing this same partnership Parade from all
43:16
these different shit coins. And I remember because I was a
43:18
shit coin or two, and I had just gotten wrecked and I wanted to
43:21
believe, you know, so I would see the same type of messaging.
43:25
And I was like, you know what, it's going to be okay because
43:28
everybody's cooperating and guess what?
43:31
None of those projects ever came to be anything.
43:35
The only project that I needed to pay attention to, which I
43:38
ended up learning the hard way was Bitcoin.
43:42
Any thoughts on, you know it's just pointing like chick
43:45
pointing but yeah, you absolutely, you know, Phil
43:48
bringing the hot fire. Like always fill the shit coin,
43:52
Slayer slaying shit coins. You die.
43:55
You know what, in the beginning, when we used to cover these It
44:01
was I would always ask myself like hey like you know like holy
44:06
crap, maybe this is noise but after time went by and we
44:10
started getting comments like dude you saved me I realized how
44:16
important it was and then it started to make sense why we
44:19
doing this on a Bitcoin show? One of the hardest things in
44:22
Bitcoin, right? Is convincing people.
44:26
Why Bitcoin? Why not shit coins?
44:28
Because the unit bias is so strong.
44:32
And people get inside. Oh I'm only going to get point
44:34
zero zero, zero one percent of Bitcoin where I can get, you
44:38
know, 500 polygon right. And they make this false thing
44:43
and this is not helped by the mainstream media.
44:45
Also the Legacy Media, better said that, you know, when you
44:48
see, CNBC, they'll put Bitcoin aetherium, xrp, xlm all in the
44:53
same screen and if you don't know anything about crypto, I
44:58
hate using that word but you're just like, oh, it's The same,
45:01
there's Bitcoin and then there's crypto, there's Bitcoin, then
45:04
there's shit coins, there's Bitcoin, there's altcoins
45:07
they're not equal all these things, all these shit coins.
45:12
What a lot of people don't realize is that they've
45:14
sacrificed decentralization for other features whether that's
45:19
faster transactions. Whereas whatever.
45:21
So, what is the revolution? Remember what we just showed
45:23
you, the example of China, right?
45:27
If you want to separate money from State and it's not to Sighs
45:31
eventually inevitably, it will be captured by government.
45:36
The only thing that stands a chance is a truly decentralized
45:40
cryptocurrency in the only one that exists.
45:43
Today is Bitcoin. If you look at aetherium, we've
45:47
gone over this many times, right?
45:49
Not only does one of the board members sitting on the Ethereal
45:54
Foundation. That makes no sense, right?
45:57
She sits on the world economic Forum, right?
46:00
But not only, That 70% of etherium nodes run on Amazon web
46:04
services. So when you're looking at
46:05
etherium, what you should really be doing is thanking Jeff Bezos
46:08
because he's running most of their notes or sorry better
46:12
said, it's 40% running on AWS. 70% are running on servers so it
46:16
could be Google right still, does it change it right?
46:21
If you look at xrp, right? Same thing, most of the node
46:25
equivalents are run by xrp, right?
46:29
Not to mention the pre Minds. I XR p and aetherium right
46:34
Solana for example, got shut debt.
46:37
Literally shut down two or three times this year, right?
46:42
They froze the blockchain. They actually were going to vote
46:45
to, to redistribute wealth. To make sure that the very
46:50
wealthy guy in Solana, didn't dump on everybody else.
46:54
So they're not decentralized. And if you want to take the next
46:59
step in human evolution, Ocean. The next step in human history,
47:02
you gotta separate money from State just like church and state
47:06
or separated 100 years 200 years ago, right?
47:10
Same concept, right? It's reached its Pinnacle, it's
47:14
reached its utility booked, a sovereign individual touches
47:17
upon this, right? We got to move on as individuals
47:21
as Humanity as a species. We got to utilize the power of
47:24
the internet and we got to use Bitcoin and able to take
47:29
advantage of that future or The same things are going to keep
47:33
happening which is the same things that happened in the
47:36
Legacy system are now happening in the shit coin system.
47:41
The the, the bank runs rug pulls the fact, the fraud, the same
47:46
shit on a conceptual basis is happening and should coil and
47:50
that happened in fear land, right?
47:53
That Fiat patched over with regulations right to stop those
47:58
front. Now Bitcoin, right?
48:00
Right? If you take self custody of your
48:03
Bitcoin, what is the disadvantage of that?
48:05
The disadvantage of? That is the five dollar wrench
48:08
attack if someone physically attacks you because they know
48:11
that you have some custody of your Bitcoin, that's a big type
48:14
of attack. There's no perfect solution.
48:16
There's mitigations geographically separating your
48:20
multi cigs, right? Your signatures, right?
48:22
That's a good solution, right? Having a dead man, switch.
48:27
Right there. There's things that you're going
48:28
to have to think about and this all goes Back to bitcoin, the
48:32
Bitcoin Revolution, only happens, only works if people
48:35
start taking self personal responsibility because before
48:41
they were Outsourcing that personal responsibility in the
48:43
storage of their wealth, to these powerful institutions that
48:48
keep breaching that trust and just happen with China, right?
48:52
And it's going to keep happening because on a conceptual level,
48:55
it's a bad architected system that you could have made an
48:58
argument that was necessary. Now with Bitcoin it's redundant
49:02
it's it's I don't know what the word I'm looking for fill it is
49:08
obsolete up so yeah, sure, absolutely boom.
49:11
But anyways, fill time for the daily meme review brought to you
49:15
by Citadel 21st. Best Bitcoin cultural scene is
49:17
stories articles Comics by actual bitcoiners is the artwork
49:20
for volume 11. This is the artwork for volume 2
49:25
and this is the work for volume 11 volume.
49:30
Volume 12:30. Yeah, Vol 12 just came out.
49:35
I'll show it to you guys. When I get back to Miami.
49:38
They're scarce is only 1,000, physical copies per volume.
49:41
So make sure to get your prints of Citadel 21 today.
49:43
All right, everybody. Welcome to the daily mean
49:46
review. Where we review Bitcoin memes
49:48
memes, not only playing a central role in Bitcoin culture,
49:51
they play a pivotal role in this narrative, trench warfare that
49:55
were fighting every single day against governments and central
49:58
banks. Anyways, moving on.
50:00
The first one, Speaking of government memes the public
50:04
economic collapse, it's their crayons or coloring on the wall.
50:07
He did it free market. It's so true.
50:11
Wow, it's so true dude. And it reminds me of one of the
50:15
things that we're seeing in the younger generation specific in
50:18
the United States, is that they're calling for more
50:21
collectivist ideology, right? And failed economic models,
50:25
right? Because they've been so
50:27
disillusioned with capitalism. But in reality, it's like, It's
50:30
crony capitalism and the capitalism hasn't been able to
50:34
the free market hasn't been able to function, because the
50:37
government intervenes. And then another misconception
50:40
is that, dude. The US, the US economy is not a
50:43
free market economy. I would even it's essentially,
50:46
dude, it can't be that the FED has to switch to dump the stock
50:52
market and then when they print money, the stock market grows
50:56
that sounds centrally planned to me, it might be not 100% Central
50:59
plan but that sounds Like a dude, it sounds like a
51:02
command-and-control economy. It doesn't sound like a free
51:04
market and a free market that shouldn't be allowed, right?
51:07
It's like Solana saying oh so on has set a decentralized and then
51:11
then being shut off right. It's it's so stupid.
51:14
Anyways, moving on. Sorry I get carried away.
51:17
Next one. Bye Greg this is his second
51:19
account. Greg Zack do.
51:21
Stay humble stack stack just stick to the plan.
51:23
This is the famous bell curve. He's the very dumb guy like me
51:27
and fill the 55 IQ. Stick to the plan.
51:30
Then in the middle of the curve, right?
51:32
Is 100 IQ, people know. You can't just stick to the plan
51:35
and achieve all your goals and then the very smart people, 145,
51:39
stick to the plan and then a pleb did a, that a new one.
51:43
The very dumb people, stay humble Stacks at stick to the
51:45
plan, the 100 IQ people, my star will continue to rise.
51:49
It's Nick Carter and they put Nick Carter's hair on there and
51:53
then the 145 stay humble stocks at that is a great meme.
51:57
All right, moving on the lizard people shout out, Marty bit, I'm
51:59
gonna give it a Like we debased their currency and destroyed the
52:03
nuclear family and told them the patriarchy and climate change
52:06
are the problem. Ha ha ha.
52:09
It's so true. Matt connect this with what
52:11
happened in 1971, that that data point that feels showed you and
52:15
the fail the media when Biden sends millions of barrels of oil
52:19
to China amid an oil crisis. The media, when you donate $25
52:24
to some truck. It's so true guys.
52:26
We don't like to take a political stance but I'm going
52:31
to say it feel. I can't contain myself, okay?
52:34
Hunter, Biden pictures, and it's literally no media is talking
52:37
about it. Like come on these Elites have
52:40
different rules as nothing to do with left or right like hey I
52:43
think it has to do with the establishment versus everybody
52:46
else. It's such BS.
52:47
Anyways, next one by battle Aunt blockchain without Bitcoin.
52:53
It's the car and all right. Last one by brekkie.
52:58
Bitcoiners bouncing back from the thud.
53:01
I'm not going to play the audio but a chick doing crazy stunts.
53:05
Jumping off a balcony and a ledge.
53:08
Yeah, it's true. It's true.
53:09
Bitcoiners don't care about the fuck.
53:10
If you still care about the fun, you have not graduated yet.
53:16
Anyways, for those memes. I'm going to give it.
53:21
Hey, let's cut. What about you feel?
53:29
Yo, hey short, dude. The power just fucking switched
53:32
off all good. Sorry, I just rated the meme.
53:35
What would you give those memes? Phil?
53:37
Oh, well, you know what? Lucky for me I did see them
53:41
before. So I am going to give them these
53:44
very helpful and awesome Burton earplugs who fancy See very,
53:54
very fancy, very fancy for some awesome memes.
53:57
Anyways, guys, we want to know. If you're with our scores, you
53:59
disagree. Why don't you arrange?
54:00
The meet rate? Mean yourself down in the
54:02
comment section and it helps us with the Al Gore Rhythm.
54:05
So plead put all these Goods that I think it's funny.
54:08
And of course, make sure to subscribe to us alternative
54:10
video platforms like Rumble.com. My personal favorite Bitcoin
54:13
tv.com. Join our telegram group do it
54:16
right now. It's a party in there and you
54:18
can link us some awesome memes to review on the Bitcoin review.
54:22
And yeah, if you're tuned in to the audio version on Twitter
54:25
spaces, make sure to stay until after the show where Jacob from
54:30
Swan and our own Optimist Fields going to do a live Q&A and
54:34
hangouts going to be awesome. But anyways, Phil, it's time for
54:38
the daily know. There was an open source,
54:41
software release, anyone eat everybody about it.
54:42
Websites brought to you by Cipher safe.
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Check them out. Seifer safe dot IO papers dead.
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It's not the right way to store your seed.
54:52
Store your seed in the all new Cipher Grid or the Cipher wheel.
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They both come with a tamper-resistant wire and the
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grid also comes with a punch tool.
55:03
All right guys we have got a great great website by plebs and
55:08
this was shared with us with fellow Bitcoin.
55:11
ER it was Chris alaimo that shared this with us right?
55:16
And let's go take a look. Here we go guys, this is the
55:20
best version of real. Vision.
55:22
So for the people who don't know, real Vision, right?
55:24
We're making you know we're talking about real pal and all
55:27
of these, all of these Schiller's of where's that
55:29
people don't need. So I don't know who made this
55:32
website but it is absolutely fantastic.
55:34
New real Vision.com. The link is going to be down in
55:37
the show notes. Here We Go real Vision buy
55:40
Bitcoin first then review this simple diversification strategy
55:44
here we go also Bitcoin but in Block 2% also between put in
55:48
blue 2% also Bitcoin but in 2% also before But yellow 3% also
55:55
Bitcoin but in green 6% in cyan 11% in purple 14%.
56:00
So as you can see, it's all just Bitcoin and you know all joking
56:04
aside that really is our diversification strategy because
56:08
there really is only Bitcoin and shit coins and should coins are
56:13
not Bitcoin. That's why the shit coins
56:15
anyways. Anyways we digress and now we
56:19
are going to go where we going Nico.
56:21
Not I'm gonna tell everybody about the audio, only platforms
56:24
that we have, okay? So don't forget to check us out
56:27
on our Audio, Only platforms, Apple podcast, Spotify and
56:32
anchor. If you want to stream assets,
56:33
check us out on Fountain dot f m, you can stream a sax through
56:37
Breeze. Awesome.
56:38
Thank you Phil. All right, guys, before we go, I
56:41
want to give a very quick. Shout out to our awesome
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clothing. Sponsor.
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Represent LTD.com Phil and I wear the merch every single day.
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Look at that decentralised. I'm wearing the decentralized
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Bitcoin merch. He is made, simply he's making
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simply Bitcoin Merchants. Well, you could take advantage
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Represent LTD.com, of course, check out our newsletter.
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Simply Bitcoin www.simpleandsensational.com,
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use the Legendary Pirate Beach Bum is taken.
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Care of it. We just dropped a killer killer
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blog. Oster article recently it's
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called stocks and flows. Officially dead, definitely
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going to want to check it out guys.
57:28
That was our show. If you enjoyed the show you
57:29
don't station course. You want to continue in the
57:32
Bitcoin. Use from the bleep.
57:33
Let perspective definitely See you tomorrow guys for brainy
57:42
episode broken system. Broken incentives.
57:46
Bitcoin fixes this. It's