Latest / Simply Bitcoin / Popular Bitcoin Wallet Censoring For the Government? | EP 449

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Popular Bitcoin Wallet Censoring For the Government? | EP 449 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments.
0:07
Welcome back everyone. We're simply Bitcoin.
0:10
We break down the news. The daily fail mean review.
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Software releases Hardware releases and the websites by
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plebs joining us today. Fellow Bitcoin ER toxie cats.
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Right now, though we're diving into the numbers, let's do it.
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2022. At the time of this recording.
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The block height is 7. Twenty-seven thousand three
1:01
hundred forty the Bitcoin price 38,000 645 chain rewrite day.
1:05
765 total public lightning capacity.
1:09
Got a new all-time high going on. 3520 not 26 Moscow, time,
1:14
2588 blocks to The Happening, 112 thousand six hundred sixty
1:19
and Samurai Whirlpool unspent capacity, 4427 98 BTC that is a
1:31
collaborative spend or coin. Join service Guys, these
1:37
services are coming under attack.
1:39
Anyways, Nico a dude and I know Phil's going to cover that and
1:44
he's gonna kill it during the Phil segment.
1:47
But yeah, this is like, we've been saying, guys, this is
1:51
getting serious. Okay.
1:52
This is getting real, you know, it as Bitcoin, clashes with
1:56
governments, right? Because governments get the
1:59
majority Either power from being able to issue their own
2:03
currency, which, you know, impoverishes their citizens,
2:06
enriches them props them up in the process.
2:09
And we're kind of living through this chaotic moment in history
2:13
where we're witnessing an alternative money, right.
2:18
And hopefully, with bitcoiners hope for is to separate money
2:21
from State completely. But if you know anything like
2:24
like the temporary, the separation of church and state,
2:27
that shit was a bloody Affair, you know, Fortunately for us.
2:30
This is meme Warfare. You know, it's narrative, trench
2:33
warfare. Hopefully, no hedge against
2:35
Ed's. Get chopped off that would suck.
2:38
But anyways, I got some interesting data the point out.
2:43
Check this out. We're gonna look at some glass
2:46
note. Opium everybody, I know, I know
2:49
that Phil loves this. He sniff.
2:51
Is this every morning for some from a Hopi ever.
2:54
His daily dose of opium. No, but anyways, I got some, I
2:57
got some interesting little stats, right.
3:01
So the exchange balances, I think this is really
3:04
interesting, this keeps going down again, all the, you know,
3:10
block analysis, guys were completely wrong last year.
3:13
So I'm not going to give you. I'm not going to try to spin
3:15
this in any way. But what I can tell you because
3:18
I think this is a verified verifiable fact, right?
3:21
Is that since March 12 2020 right?
3:26
Was when really it was the beginning, fill it was the end
3:30
of 2020, was really the beginning of the run up the
3:32
beginning of, you know, the the the the recovery of Bitcoin and
3:38
you kind of see the crossover a little bit.
3:39
Like, look, this is what I'm talking about.
3:41
The gray line is the price, right?
3:43
And with that, right? You had the amount of Bitcoin on
3:47
exchanges go down. Now that could be a coincidence
3:51
but that also could be that more and more people are taking self
3:55
custody of their Bitcoin. That in fact, that is what it is
3:58
and more people are haughtily. I think that's a good thing.
4:01
I think, the less Bitcoin on exchanges, the better.
4:04
And if this trajectory keeps, you know, keep staying the same
4:09
that numbers all the way up. Well, on the way down were
4:12
versus most of Bitcoins. History, the amount of Bitcoin
4:16
on exchanges, just kept going up and up, and up, and up.
4:18
And up. Look, it reached an all-time
4:20
high of three million Bitcoin on exchanges and I'm glad now it's
4:25
a 2,500,000. Hopefully, that number keeps
4:29
going down but For get your guys thoughts.
4:31
One more thing the amount of Bitcoin that that hot Oilers are
4:36
accumulating continues to rise this, our number of addresses
4:40
with a balance of .01 Bitcoin, right?
4:45
Also just keeps moaning, right? This is point one.
4:48
Bitcoin also just keeps on an upward trajectory.
4:53
This is balances with one Bitcoin address.
4:56
Also kind of It kind of plateaued a little bit really
4:59
since 20/20 balances would 10 Bitcoin or more also plateaued
5:04
right balance is with 100 Bitcoin or more, right?
5:08
It's also a kind of on a downward trajectory, right?
5:12
And then these are many accounts with one with 1000 Bitcoin or
5:15
more considered whales, right? And look they did have a huge
5:20
this is interesting Phil. Yeah right.
5:22
A little pump here so anyways guys look we're not going to try
5:27
to spin it like a lot of the in a lot of My friend.
5:30
So I'm not going to name any of them or, you know, try to trash
5:34
and what they do. I think it's I think every
5:35
every, every one, you know, finds a way to Purdue provide
5:39
value to Bitcoins provide value to the space.
5:42
I'm just not a fan on speculating using block data
5:46
because it doesn't look like it's very effective to make good
5:51
calls or that, but that's my opinion.
5:53
But anyways, look something that you can confirm without a doubt.
5:57
Is that more and more people are taking self?
5:59
Custody. If we want this revolution to
6:02
succeed, you need as many as much people as possible that are
6:06
using Bitcoin to take self custody.
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And another thing that you could actually confirm without a
6:11
shadow of a doubt is that there's more and more people
6:14
joining Bitcoin or the amount of addresses with point zero one or
6:18
point one. That would stay the same but
6:20
there's more and more people joining Bitcoin I think that's
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that's some bullish fundamentals.
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That's all I'm going to say in terms of speculation but Me at
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least those are some very bullish number, especially
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people taking self custody. That's the most, that's the
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thing. I'm most happiest about Phil.
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I'm going to speculate. I'm going to speculate.
6:41
Yeah, here we go. You gotta do it right.
6:44
I'm going to speculate that Bitcoin is going to continue to
6:47
piss off the state, all right? And I'm going to I'm going to
6:50
speculate to speculate that people more.
6:53
People are going to find the value in holding Bitcoin and
6:58
taking self custody. That's my speculation.
7:02
That's a good speculation. Good observation.
7:05
Anyways, I'm gonna pass it to see.
7:06
See, what are your thoughts on this, bro?
7:09
As a plan, as a toxic player who's not even on Twitter?
7:12
What are your thoughts on this? I think the way.
7:14
Yeah, well, speaking of speaking of hot takes Corey, got the
7:20
other day that there's this illusion of liquid Supply, that
7:23
is it really a liquid? I mean, yes, it's flowing from
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exchanges to wallets but how long does it take you to flip
7:28
that Supply? Back towards exchanges, doesn't
7:32
take that long takes. In 20 seconds, our wallet in
7:37
your PC or whatever in switch that Bitcoin back onto
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exchanges. So I mean really price movement
7:41
has something that blends want to sell.
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I mean really how much how long does it take to switch it back?
7:46
So I mean really, The on change data for, you know, how many
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door holding is good to an extent but I mean, does that
7:56
really necessarily mean price increase mentality?
7:58
That's what I'm trying to say, dude.
8:00
Like you can't you can't speculate from these numbers
8:03
whatsoever. I know that I know that it
8:04
became a movement on tour. I'm sure a lot of that data is
8:07
useful but what I'm trying to say is that listen guys
8:11
everyone, I would say 90% of Bitcoin, Twitter got 2021
8:17
horrifically wrong when it comes to price.
8:20
Relation. We were one of the only channels
8:23
that were right. Why?
8:25
Because we completely avoid a channel speculation all
8:29
together. So we just like to stay away
8:32
from that even though it provides hope IAM like week like
8:36
to call it in the space or confidence.
8:38
And especially in moments of of volatility where the roller
8:42
coasters on the way down. Right.
8:44
I think that a lot of those hope IAM channels provide hope,
8:48
right? But we like to stay away from
8:50
that, we like to stick to the signal but there is a lot of
8:52
signal there which is most more people are taking self custody
8:56
and Bitcoin. The network is growing, there's
8:58
more users that are going and you could actually see that from
9:02
the data. Right now we could go.
9:05
What does that mean on price? Who the fuck knows?
9:08
I don't think anybody knows to be honest with you, which is
9:11
what we Advocate on this Shore show.
9:13
Just start just, you know, Lalo time, preference, long time
9:17
preference just DCA by a little bit of Bitcoin.
9:20
They forget about it. You know, join the peaceful
9:23
Revolution. Take self custody and enjoy the
9:26
roller coaster ride and then a couple years you'll be happy you
9:28
did. But anyways, so wasteful it's
9:30
time for the daily fail brought to you by Amber app.
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Check them out a Bitcoin stacking at by actual
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bitcoiners. Low fees.
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Fair spreads smart automation. The link is down below ammo,
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smart, weight. Stack sounds.
9:47
Alright, so I don't know who this.
9:50
Person is, but to me, they just disappeared into their own ass
9:57
in a single tweet. That being a, bro.
10:00
I mean product of big government us.
10:02
All the Academia. This is this real.
10:04
Like, is this CN n plus? Oh my God, you see what I'm
10:09
saying? Like and and 445,000 followers
10:13
like is this a real account? Or is this?
10:15
Just a bot of the state? Yeah.
10:20
I swear. And look at this, I'm doubling
10:22
down on the most Innovative payment technology and store a
10:26
value USD. So, of course, you know, I'm a
10:29
pain in the ass and I had to respond along with many other
10:32
bitcoiners and I responded with this is that so and here we go,
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it's the purchasing power of the consumer Dollar in the US and
10:40
you can clearly see what that chart is doing.
10:44
This was just like, I mean, okay, look before we dive into
10:47
the main part of the fail is this, just not the way.
10:50
Weirdest thing to see an account like that.
10:54
I do it, doesn't that just seemed like such a ridiculous
10:57
Page Hill. I swear, it's a state.
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It's a state sponsored bought. He's Not a Human Being II.
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Just, you know, big government creation of big government.
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CNN the blue check mark like the, the suspiciously High
11:11
follower count. Where did those where did that
11:13
come from? Like it's like, dude.
11:15
Like it's like, man. But honestly, feel that with all
11:18
the clown world's re that we've experienced the last two years,
11:23
I would not Surprised, right? But it again.
11:26
And of course, if this person is real, he's obviously talking
11:30
from a place of financial privilege.
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Okay, clearly lives in the u.s. right.
11:35
That essentially outsources its debt, when they, when the u.s.
11:38
prints money, right? It makes the rest of the world,
11:41
poor. Of course, it makes American
11:43
citizens board but it really makes the rest of the world poor
11:46
that are holding dollars, right? So yeah, man, this person is
11:49
talking from a place of financial privilege.
11:53
It's fucked up. Up and yeah, this is why blue
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check marks. I mean, Twitter, just a good job
11:59
by letting us, know with the blue check marks.
12:00
But anyways, CeCe, what are your thoughts on this?
12:05
That's the biggest NPC with all the necessary being stalled
12:10
firmware in order for the u.s. dollar, ya know it.
12:14
But it literally, I could not have said it better myself, but
12:18
that is, that is the NPC that PC that you see in memes that's
12:21
him. That's the actual person
12:23
anyways, It's the next fail. All right, here we go guys.
12:27
It's about to get. It's about to get upsetting
12:31
right? And let's look, we were tagged
12:33
multiple times to cover this and you knew that we had to write.
12:36
We had no choice. No choice but to cover.
12:39
This what am I talking about? Talking about.
12:41
The very, very strange. I find kind of like elusive
12:46
tweet from Wasabi wallet yesterday.
12:48
The and here we go, the ZK snacks coordinator.
12:52
Okay which is the centralized Vez.
12:54
That facilitates the the coin, join service, that Wasabi wallet
12:59
offers anyways, the ZK snacks coordinator will start refusing
13:02
certain UT EXO's from registering to coins.
13:08
Now, look, we're not going to get into a big long technical
13:11
conversation about how Bitcoin transactions and UT EXO's work,
13:14
but let's just try to make it simple transactions.
13:18
Contain individual UT EXO's, okay?
13:21
So the it's there are there is a difference.
13:24
Okay, so I just I just wanted to make that differentiation before
13:27
we dive into this. Now members from the, the Wasabi
13:30
team, I mean, look, well we'll go through the thread.
13:32
Look, here's a response from Eve.
13:34
This is not how you deal with such problems, you know, this is
13:39
from Cairo Cairo. Actually you know I remember he
13:42
did work with Wasabi wallet so this is interesting, right?
13:45
This is what authoritarianism looks like.
13:49
And we have a response from Rafe.
13:51
Also Rafe, I don't know if he works for Wasabi wallet, but I
13:55
know that he is a Wasabi wallet enthusiasts.
13:58
And if people who do know, you know, let us know in the show
14:01
notes. But anyways, look from this
14:03
tweet, it kind of sounds like he works with them.
14:05
He goes, no, he goes. We're trying to protect the
14:06
company and the project by minimizing the amount of these
14:10
hackers and scammers using the coordinator and getting us in
14:13
trouble. This should be in the rights of
14:16
the company to do but believe me, none of us are happy.
14:19
About this. This is slippery slope.
14:21
It's a very slippery slope. Okay.
14:24
And this isn't the only piece, right?
14:25
We're going to dive into a thread that not Odell put
14:28
together, which really sums things up, well, and kind of
14:30
remove some of the confusion. So DJ booth responded fellow
14:34
Bitcoin and goes the authorities of infiltrated Wasabi through
14:36
threat of punishment. So to protect yourself a
14:39
long-term, you need chain analysis and monitoring of ins
14:42
and outs. Essentially, spying on your
14:44
users who use your product for privacy and Rafe responded.
14:49
No one has infiltrated Wasabi since we wouldn't be having this
14:52
conversation. If that were the case, there's
14:55
no need to spy when Banning inputs, many would be happy to
14:58
sink with the ship when needed. Is it better to have no ZK,
15:01
snacks coordinator, or to keep it running for majority?
15:06
So you can see we're starting to get into the murky Waters right
15:09
now. Let's dive in, let's dive into
15:12
the, let's dive into the thread from from Mad Odell.
15:15
Just want to give a shout-out to sahil chaturvedi who put this
15:19
Gather on threader, made it easier for everyone, especially
15:22
for people who are Shadow banned from seeing Matt's posts.
15:25
I'm not, but I'm just saying some people are and this really
15:29
helped us out. Okay, let's dive in.
15:31
Yeah man, you say that again, dude, to the shadow banned from
15:36
talking about this. You guys, you guys understand
15:39
what is going on? Do you understand?
15:42
You understand, the significance of this, right?
15:45
You don't have a right to privacy, that's what they're
15:47
saying and like Legacy is a crime and again, right?
15:51
It's like if we don't know exactly what you're doing,
15:55
you're a terrorist and we can cut off your find it out, your
15:58
bank account without any type of court order or anything.
16:03
Like we saw in Canada, like this is total total clown world and
16:07
they see Bitcoin for what it is, an escape valve.
16:11
And what they're trying to do is that they're trying to morph it
16:14
into the old Financial system. They need to see everything that
16:18
you do. Or you are a criminal, right?
16:22
You could you could just be protecting yourself from
16:25
persecution and you're in your own country, but no, you're a
16:28
criminal, I'm sorry, Phil, go ahead, no not at all.
16:31
Dude, good intro to this good intro to this thread.
16:34
So here we go. One of six, a lot of confusion
16:36
due to the Wasabi team putting out.
16:38
Vague tweets about blacklisting rather than a proper statement
16:42
and this poorly written blog article below that is being
16:45
shared. Widely coin is not a mixing.
16:49
Is it is a type of collaborative Bitcoin transaction.
16:52
And remember when we do the numbers, what do we you know,
16:55
what do we say about Samurai about Samurai Whirlpool, which
16:58
is a completely different separate product, okay?
17:01
I just I want make that distinction, they're two
17:02
completely different products. We're talking about
17:05
collaborative spend Services, they are both the same type of
17:09
service. They're both a collaborative,
17:11
spend service. A coin is a net is a native
17:14
Bitcoin. Send transaction that includes
17:16
multiple users, in a non-custodial.
17:19
Action that attempts to break the probability analysis.
17:22
Chain, surveillance firms use. There are multiple software
17:26
implementations that can construct coin.
17:29
Join transactions Wasabi is one of these software
17:32
implementations, it relies on the centralized coordinator, the
17:35
builds transactions and has accessed via tour.
17:38
Coordinator cannot link inputs with outputs without an active
17:41
attack, but can prevent inputs from participating in rounds.
17:47
And when he's referring to inputs, he's talking About the
17:49
individual UT EXO's, that make up a transaction Wasabi defaults
17:55
to a coordinator that is run by a company called ZK snacks.
17:59
And this is exactly how the government was able to.
18:02
You know, we can say it we can say it anyway.
18:04
We want this is exactly how they were even able to infiltrate.
18:07
There is a central point of attack.
18:09
There is a central point of failure that this is the way it
18:12
works and and they can attack it.
18:14
Anyways, this coordinator is now blacklisting certain UT EXO's
18:18
from Appearing in coin join rounds.
18:21
Anyone can run a competing coordinator.
18:23
That does not do this blacklisting and users can
18:27
switch to it Samurai, whirlpool, and chain case, also use
18:32
centralized coordinator model. Their coordinators are not
18:36
blacklisting UT EXO's. There are coin tools that do not
18:39
use centralized coordinators, including Samurai, Stonewall
18:43
stowaway, and join market, and for just add up.
18:49
A piece of information for the people that are interested in
18:51
join Market. It comes pre-installed with the,
18:56
with the raspy Blitz and the Mi note centralized coordinator
19:00
models do not have civil resistance against the
19:03
coordinator of themselves. This means if that if they
19:07
choose to actively flood rounds with Bitcoin, they can
19:10
potentially linked inputs and outputs.
19:13
Now today we saw a response from this is kind of interesting,
19:18
right? The Count was wasabi, wallet.
19:21
Let's go back over here. Let's take a look at this was
19:23
wasabi wallet. And then here, look at what we
19:26
have. We have Wasabi, BTC coin for
19:29
everyone know, you txo. Fact-checkers know, you txo
19:32
blacklisting, no censorship, 100 reproduce 100%, reproducible
19:36
code. Don't trust verify.
19:39
So this is kind of interesting, right?
19:40
This is this is Wasabi's response to essentially being
19:45
taken over or infiltrated so to speak wasabi BTC was founded on
19:50
March 14th, 2022 after the Wasabi code base was compromised
19:53
by corporate lawyers, working for nation states to censor UT
19:57
EXO's allowed to participate in coins, thus making at Wasabi
20:01
wallet, a sensor to land an enemy of Bitcoin Wasabi, intends
20:06
to hard Fork Wasabi, wallet, and provide a new Anonymous
20:09
coordinator run by Nims Wasabi. BTC will remove all corporate
20:14
State censorship and make coin possible for anyone
20:17
decentralized coin. Fully open source and no attack
20:20
Vector for nation-states. Very interesting turn of events.
20:26
I, you know, when I first heard this yesterday, I was
20:29
immediately kind of, like, you know, when things like this
20:33
happen, it kind of teaches you about.
20:35
If you didn't do enough research, as in my case, right,
20:38
like, I don't use coins, but I hadn't done much more research
20:41
to figure out how they were coin joining.
20:44
And I didn't realize that there was a centralized entity that
20:47
was coordinating. And that was actually running
20:50
this part of the, you know, this part of their privacy tool.
20:55
So look, you know what? This type of thing that happens
20:59
is actually a good thing in the grand scheme of things because
21:03
it's going to force us and teach us to not use centralized
21:08
entities and immediately. When I heard this happen, I
21:11
right away thought of join market and I said, well I go in
21:15
at the end of the day there is always join Market.
21:19
So yeah, this is scary stuff. I mean look, we said you know,
21:22
Nico has said it multiple times. We are in the then they fight
21:25
you stage we're absolutely in that stage.
21:29
I'm just I'm I'm extremely disappointed.
21:31
That's honestly how I feel about this.
21:33
I'm I like this as no way, right?
21:36
And any type of scenario because you have to understand that This
21:42
is how it starts, right? It's like oh, it's just this and
21:47
then it's like, oh no. It's the Russian people because
21:50
of Putin. Oh no.
21:52
It's The Afghani people or know it's people in Cuba because of
21:57
this, right? So this is just the foot in the
22:01
door. It must be defended to the point
22:04
that everyone has the right to transact freely with one
22:09
another. Don't let anybody tell you
22:12
otherwise, because the system that they have excludes half of
22:17
the population, on the planet, it's a system of exclusion.
22:22
It's a racist system. It's a system.
22:25
That cares what country you were born in.
22:30
It cares about that, you happen to be born in that country.
22:34
You don't have a right to transact even though you might
22:38
have no responsibility, no connection to your government,
22:41
you are still punished for it. And when you normalize these
22:45
types of things, This is what happens.
22:50
But on another note, this was always going to happen, right?
22:55
Centralized system. Centralized things are always
22:59
going to be captured by the state earlier later, and it's an
23:05
inevitability, it's always going to happen.
23:06
Shape-shift started with the non kyc thing where you could just
23:10
Swap, and then they came twice. Eat it.
23:13
Why? Because they were scared of the
23:15
state, and I know that wasabi, Was used as one of the one of
23:21
the ways that the phonetics attacker tried to clean his
23:26
toilets. I know that he used Wasabi, so
23:30
I'm sure that in the government in the process of like how do we
23:33
take these guys out? How do we put pressure on these
23:35
guys? Your tool was used in criminal
23:39
activity. Then their lawyers go to them
23:42
and say hey guys, if you want to exist, if you don't want to get
23:45
sued, right? Because the US government has
23:48
Making examples out of everyone. They made an example of Arthur
23:50
Hays. And the, what's the name of
23:53
that? The bit Max exchange guys, right
23:56
there? So again, it was Arthur Hays.
23:58
It was Arthur Hays, right. It's all coinbase.
24:01
And by Nance take a stand and say, Hey, listen, We're Not
24:04
Gonna censor People based on the location and then a week later,
24:08
coinbase was like, oh, we are censoring certain Russian
24:11
individuals. So it's like, you have the
24:13
nation. You have the nation state, you
24:15
have governments, you have Western governments that They
24:18
have an entitlement to control money and therefore control
24:22
people. And then you have the New
24:24
Movement, which is this new parallel system that within the
24:28
system. None of those rules apply here,
24:31
right? But what they can do is that
24:33
they're trying to manipulate the things that they can go after.
24:37
Like any centralized system, any centralized exchange, they can
24:41
manipulate that this is why it's so important to take self
24:45
custody because in self custody, let's say the a centralized
24:48
exchanges, they become so totalitarian, all these mixing
24:52
Services. What happens is what you see in
24:54
Nigeria, what you see in these countries a Bitcoin circular
24:58
economy. People literally just go on
25:00
WhatsApp groups on telegram groups and say hey let me
25:03
exchange my stuff for your stuff.
25:05
You can't stop a peer-to-peer system.
25:08
The government is not capable of doing that but what they can do
25:13
is try to go after everything in meatspace and this is exactly
25:17
what's happening. And by the way guys, this is
25:20
gonna get worse which is why it's so important to run your
25:23
own node and to take self custody of your coins.
25:28
Anyways. So you see what are your
25:29
thoughts on this? Well, I got two things.
25:32
The first thing that's the beauty of Bitcoin is that it's
25:36
equal. Everybody is on the same ground,
25:41
it includes everybody. It's either a 1 or a 0.
25:44
Either, you have the keys to move the coins or you don't
25:46
Bitcoin doesn't care about where you Live any of that nonsense
25:49
and we fight over a stupid humans.
25:51
The second thing, the nation-state going after these
25:54
kinds of services is actually what they fail to realize in the
25:58
long run is all it's doing is making Bitcoin stronger too
26:02
because Bitcoin just open source code.
26:04
They're just going to copy paste that code and do exactly what
26:07
Wasabi. BTC just did and make it a
26:09
decentralized entity. That's non-custodial.
26:14
So now they can't stop that now. So even though they tried Stop
26:18
it. We just okay well we're just
26:20
going to move. So all they're doing in the long
26:21
run is just making Bitcoin more battle tested and better at the
26:25
end of the day. So it's much as they're going to
26:28
try to stomp their feet and throw a fit of all you shouldn't
26:31
be doing this. You can't do this because I say
26:32
so we're going to do it anyway because if it's a service that
26:36
we need as bitcoiners, we're going to make find a way to make
26:39
it happen. Period.
26:40
Absolutely. You know what's funny though?
26:43
There's so shitty at solving crime that this is what they
26:46
have to do. Right.
26:48
Like, think about that, think about that, right?
26:50
Like these people like, this is their job.
26:51
This is your only thing. You're only thing is the fucking
26:54
solve crime, and you're so crappy at it.
26:56
That all you can do, is go take a look at everybody on the road
26:59
and say, oh, there they are. Don't like, it's just, it's the
27:02
most I find. It's the dumbest thing in the
27:04
world, you know? Like, it's just, it's like, it's
27:07
don't get me wrong. I understand, it's the name of
27:09
the game, it's legit. It's the lowest hanging fruit,
27:11
but to me, it's just like, it's just this sloppy thing of like,
27:17
hey, Let's make it, you know, let's create this censorship
27:21
layer and let's imprison everyone, because we're lazy.
27:25
Fucks censorship layer for the plebs in The Peasants because
27:29
they play by their own rules, bro.
27:31
They have there, they have their show, companies in the Cayman
27:34
Islands and all that, right? We saw the Panama papers, right?
27:38
It's like these people play by different rules than you do, but
27:43
you're expected to be a happy little NPC and do everything
27:47
you're told. Old and Bitcoin.
27:49
What it does? Is it levels the playing field
27:52
so don't make them. Don't let them.
27:55
Try to spin this and tell you that, without their systems of
27:58
control, the planet will world of the wood.
28:01
The planet would burn down. That's not true, Humanity
28:05
existed long before the bank, secrecy Act of 1970 and it
28:10
existed very happily long before the Patriot Act, Right?
28:17
So again, They're centralizing more and more power but there's
28:21
no benefit to the average citizen in the process.
28:25
It just becomes more and more corrupted, the system.
28:28
So F these people. And I'm again I'm disappointed
28:32
with Wasabi, but I also understand their perspective.
28:36
They must have been getting hella pressure, which is why
28:38
they kind of came up with that picture with the candle.
28:41
I think they knew what what the community was going to say to
28:44
this? So yeah.
28:45
Anyways guys, use another wallet, right?
28:48
Right. That's just a also forked, you
28:50
know, to their benefits you know, to their credit to they
28:52
also forked so yeah, I guess there's a Celtic.
28:55
This is a corporate arm and then there's like the, you know, the
28:58
bull lab. The Bitcoin ethos are many ways.
29:02
We'll stay on top of it, guys. Phil, you did an amazing job
29:04
covering it, but anyways, it's time for the daily meme review
29:09
brought to you by Saddam 21. It's the best Bitcoin cultural
29:12
zeenat stories articles Comics by actual bitcoiners.
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Every Team has different artwork by bitcoiners and there's only
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1000 physical copies made per volume, this is volume 10, just
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release, get your print of Citadel 21 today.
29:30
Before it runs out that this one you just have to you just have
29:33
to preface this one, right? Like this is gonna mean this is
29:35
an awesome piece of artwork from bit paint.
29:37
Yeah, absolutely. Okay cool.
29:39
Sorry piece of graffiti from bit.
29:41
All right guys. Phil wanted to tell you that
29:42
this is a meme I know you're going to interpret it like a
29:46
painting or something. But no it's actually a meme in
29:50
meatspace. It's awesome.
29:52
It's by our putty, it's by our putty, our buddy bit paint.
29:56
Really, really cool man. Shout out to you dude.
29:59
Love that. I'm kidding.
30:01
It's a piece of graffiti on the side of a highway.
30:04
I'm just I'm just pushing fills buttons.
30:06
I hope that survives the test of time.
30:09
Anyways, the next one is I mean, I see some elements to it.
30:14
You want to go back? Yeah, yeah.
30:16
You know, it's really cool, man. There's like death and
30:18
destruction and elements to it. Yeah, I mean, there is BET bro.
30:22
It's like The Stairway to heavy. I mean, look at the top hats.
30:25
The top hats. That's the, that's the elite.
30:27
Yeah, this is my death. Yeah, and this is the cash.
30:31
It's so true man. Bit paint.
30:33
You're an artist, bro. You're a chat artist.
30:35
Your Bitcoin artist. Anyways, next one is by unless
30:39
F. Go they wouldn't start World War
30:42
Three just as an excuse to print even In more money to patch a
30:45
Fiat system that's already on life support.
30:47
Of course they would write this template guys.
30:51
Like look at the end of the day guys, look it's not a
30:55
conspiracy, the state and the large Industries benefit from
31:02
war, Dwight Eisenhower and his like his last speech that he
31:07
gave as president. He warned about the military
31:10
industrial complex. We have been compelled to create
31:13
a permanent - industry of vast proportions, in the council's of
31:17
government, we must guard against the acquisition of
31:21
unwarranted, influence whether sought or unsought by the
31:25
military-industrial complex. Why was it I'm going to leave
31:29
you guys with this? Why was it that we had an honest
31:33
a blush meant president whether you like Trump or not whatever
31:37
and we didn't have War for four years and then as soon as the
31:40
establishment politician gets back into power For some reason,
31:44
America finds itself in the precipice of Another War.
31:47
Why is that? Why is that right, man?
31:52
And of course, this is all powered by Fiat.
31:56
Anyways, next one, who made this for us fill our coin.
32:00
Darth coin, Darth goid. So, shout-out Darth accurate
32:04
watching simply Bitcoins show to see the signal, went to trade
32:08
Bitcoin. Find out that Phil is only sling
32:10
should coins and Niko's giving scores and means it's true.
32:14
It's true. We're houghtaling Channel.
32:16
We're not a trading Channel. Anyways, here's that you should
32:20
go to tone vase. He makes them awesome trading
32:22
videos if you guys are interested in that, but anyways,
32:26
this is Lina sheesh and it's, she makes them awesome memes.
32:30
And this is our original. She makes these herself print
32:33
bur, the economy, print bird, the economy printing birth, you
32:38
kind of me. It's a greedy Corporation.
32:46
It's Russia's fault. It's just it's so true.
32:48
And that's the thing, right? It in a, in the immediate term,
32:52
cheat money actually helps but over time it becomes terrible
32:58
right? It's fake, its fake money, think
33:00
about that the Bitcoin actually it costs you there's a real cost
33:05
to make that Bitcoin with dollars it's literally I think a
33:09
hundred dollar bill costs like a like 12 cents or something and
33:13
some Cielo about, like, that's not healthy.
33:15
It breeds corruption it breeds War.
33:18
Anyways, I would like a wake-up call, please.
33:21
The Federal Reserve wants to take over all private accounts
33:24
and manage them through a social criticism.
33:26
Listen Solo solo. I'm a rova which is what Biden
33:31
who Biden wanted to appoint as the Comptroller of the currency.
33:34
She was too much of a commie for them to store her in.
33:37
But this is exactly what she wanted to do.
33:40
She didn't mention the social credit system, exactly.
33:42
But she actually, The Federal Reserve to take over all private
33:46
banking. Okay, what's next?
33:47
And then how was that, you know, how is that going to end up,
33:50
right? Anyways, this is our D, this is
33:53
me. I'm guilty of this myself Rd
33:56
underscore. BTC meme, Legend me talking
33:59
about Bitcoin anyone, that will listen ha ha, it's sure.
34:02
I don't have friends anymore because all I do is talk about
34:04
Bitcoin. There's a lot of Truth to that.
34:07
Anyway. So moving on to the scores, I'm
34:10
gonna give it Phil. You're gonna a really, really
34:13
appreciate. This for a leveler.
34:17
Oh nice one. It's a level or on this side and
34:22
if you want to turn it horizontal it's also a leveler
34:26
and yeah you see I got the Bubble Level just turn purple
34:31
because of the games, it did turn paper, it's a purple.
34:33
Okay, crazy. Anyways, what would you give
34:36
this court? Would you get those memes?
34:38
Phil. Okay, you know what?
34:41
I'm going to go with something. Shoutout to B Ko.
34:45
Going to give it a really nice, and this is the Cyber Hornet
34:50
mining sticker. I have those all over my wall.
34:53
Yeah. Yes, you do.
34:54
They are there dank dank stickers?
34:57
Shout out to B, go anyways. CeCe, what would you give those
35:01
memes? Well, I've got and if, you know,
35:09
you know, oh nice. Cool, very cool.
35:12
Anyways, guys, we want to know if you key and very cool.
35:16
It's a key to what? Like he said, if you do, you
35:19
know if he grade. Yeah but keep playing.
35:22
Oh yeah no you know. Anyways guys want to know if you
35:26
agree with their scores, you disagree comment, comment,
35:28
comment, help us defeat the shit coin channels.
35:31
It really helps with the YouTube algo.
35:33
And of course, make sure to subscribe to us on alternative
35:35
video platforms because we do talk shit about, we don't
35:39
Reserve not really talking shit. We're just, we're just like the
35:42
truth. We're going against the official
35:45
narrative, so it might rub people the wrong way you could.
35:48
Account, you can subscribe to us on Rumble.com and our personal
35:51
favorite Bitcoin tv.com. That is the apocalyptic Bitcoin
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content bunker. If all Bitcoin content gets
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nuked off the face of the internet, you will always be
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able to find it on bitcoin tv.com and of course, join our
36:06
telegram group and you can link us some dank Bitcoin memes to
36:09
review so we can review them on the mean review.
36:12
But anyways, Phil it's time for the Daily News brought to you by
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link down below for 5% off. Okay, so good news.
36:42
We reported this on yesterday we lit your literally yesterday's
36:45
episode. We reported on how sketchy this
36:47
was that Added this back at last minute, to ban proof of work and
36:53
the European Union, not proof of stake, when proof of work, which
36:57
is what makes Bitcoin uncorruptible and by Banning
37:00
proof of work, they would essentially banned Bitcoin,
37:03
right? That would be the way in.
37:05
Well, because of the Ruckus, because of how much attention
37:09
this guy. I think that we had.
37:12
We again, guys, I told you. I told you a lot of you guys
37:15
tell me in the comments. Oh, don't worry.
37:17
You know, just build it. Bitcoins, not going to get
37:19
political. We're at a stage right now where
37:22
it is becoming political, it's going to be such a politically
37:26
contentious subject in the next 5 years. 10 years you have no
37:30
idea. Guys, this is a separation of
37:32
money and say, what do you expect, right?
37:35
But this is a small victory and I don't get too excited and I'll
37:39
tell you why, it's just a small victory.
37:41
So check this out. Bitcoins, proof-of-work will no
37:44
longer be limited in the European Union.
37:48
Let me rephrase that the European Union will no longer be
37:54
limited. Well, no longer limit itself.
37:59
Rich rich is really how it should be put right the EU econ.
38:03
Committee voted on Monday to remove a section relating to a
38:06
de facto ban on Bitcoin mining in the content and the continent
38:11
and alternative an amendment passed adding Bitcoin.
38:13
Mining to the EU. Sustainable Finance Texarkana,
38:16
Texas economy, I don't know what the f That is but apparently,
38:20
you know, because some bureaucrat decided something is
38:24
either if a bureaucrat decides is sustainable, now think it's
38:28
so stupid. But again, you know, there is
38:32
truth to that Bitcoin does you know and make green energy
38:36
potentially profitable, right? Whereas in solar and wind are
38:39
only really existed because a government subsidies Bitcoin
38:42
makes that potentially profitable again.
38:44
This is a win for everybody in Europe, whether they see it or
38:47
not, they're not Not closing themselves out of the world.
38:50
You can't ban Bitcoin, right? So I mean shout out to, you
38:56
know, European entrepreneurs or Bitcoin entrepreneurs, because
38:59
that's really who it affects. So this is it.
39:02
This is definitely is a win, right?
39:04
And yesterday was looking pretty dark in Europe, but look at the
39:08
verbage there. But I think he was saying, look
39:11
at the third beat their, go back to that article, and you can
39:14
look at the verb is that. Yeah, they had that for rhydian
39:17
slip of Stainable fine axed. XCOM enemy.
39:20
That's exactly how they view us as tax cattle, like, exact
39:25
problem. That is, that is how they that's
39:31
their paychecks. Look at everything is, what can
39:34
I do with this thing in order to get money for myself?
39:38
Yeah, it's no. That's actually really.
39:41
I'm glad that you caught that the very, very good observation
39:45
brother. All right, so I said it was a
39:48
small I'll win because again and this goes back to this relates
39:53
to the Wasabi thing that just happened, okay?
39:57
And let me kind of break it down, right?
40:00
You have two systems, you have two parallel system, you have
40:03
the Legacy system system of control to System of exclusion.
40:07
It's a system of all this bureaucracy bureaucracy, that is
40:10
really recommended by an unelected task force called the
40:13
financial action. Task force.
40:15
That essentially, dictates what? Rules and regulations should be
40:21
for certain countries and then they suspiciously follow those
40:24
rules without really asking about the results of that stuff.
40:28
Like for example, they have all this am l in kyc policy but we
40:33
brought the receipts. It's only it only really stops
40:36
point zero, one percent of crime.
40:38
So somehow criminals find a way around that they either launder
40:41
the money through the banks. So again it goes to, it makes
40:45
you come to this conclusion, that are these systems really
40:48
Lee systems to stop crime or they really systems of control.
40:52
That's not just us saying that you had a kyc expert, right?
40:56
That dedicated. A lot of his life to researching
40:59
this subject, dr. Ron Paul.
41:01
We had them on the show, did all, you know, academic papers,
41:05
exploring this subject. So again, the bureaucrats
41:09
saying, oh, proof of work is allowed and I think that a lot
41:12
of people get excited about that, but the end of the day,
41:15
that's not the real battle here. The real battle is Is this
41:19
concept that for example Wasabi is some now is an extension of
41:24
the state. Now they get to decide what
41:26
transactions are, okay? What are not okay, this whole
41:29
system needs to go, it's ridiculous.
41:32
And I'm going to try to make a case for that right now.
41:35
Anyways, European Parliament proposes expanding travel rule
41:38
to every single crypto transaction.
41:41
That's right. I possibly possibly
41:44
transformative digital asset regulation.
41:45
Draft is threatening to shake up the European crypto.
41:48
Escape on February 9th. Two major factions of the
41:51
European Parliament submitted a policy group print that aims to
41:54
apply existing regulations designed to counter money,
41:58
laundering and terrorism financing of to all crypto
42:01
transactions. We know that the majority of
42:03
crime is done through cash. We also know that the majority
42:07
of money laundering is done through the banks themselves,
42:10
but it's okay because they just, they say that they pay the, the
42:13
fines and the cost of doing business.
42:15
Anyways, the current version of the travel rule of Just Banks
42:19
and payment companies to store information that travels between
42:21
payers and recipients and make it available to authorities for
42:25
several years. The policy only triggers when a
42:28
transaction exceeds the threshold of 1,000 Euros.
42:32
Some have pointed out that the regulation blueprint resembles,
42:35
the official advice of the financial action task force, an
42:39
intergovernmental organization, founded by the G7 group Nations
42:43
to combat money laundering, and terrorism a little bit too
42:46
closely. Why are unelected bureaucrats
42:52
making the laws? I don't understand.
42:55
And again, they would like you to believe that this system is
42:58
moral. This system is necessary.
43:01
This is a good system. I'm going to point out why it's
43:05
an anti-human system. It's a system of X clusion and
43:09
it hurts a lot more people than it protects.
43:12
Right? But again, it's not only in the
43:14
you in the in the you know the European.
43:18
And that they're trying to pass this rule, where if you transact
43:22
every 1,000, every thousand dollar transaction, you need to
43:25
report it, they tried passing that in the US, with the build
43:28
back better Bill, anybody that has more than 600 dollars in
43:31
transactions. You need to report it to the
43:33
government and again, look up as much as a as I am.
43:37
A fan of Senator Cynthia lummis, right?
43:41
A new bill aims to provide a tax exclusion for purchases up to
43:45
$600 using Bitcoin. So again, I'm not Gonna, you
43:48
know, get into, you know, pay your taxes, do your thing.
43:52
You gotta, you know, you gotta, you gotta call it within the
43:54
lines, but at the same time, what worries me about this feel
43:57
is the normalization, your normalizing, these these limits
44:02
that these politicians come up with.
44:04
It's like $600. You got a report that a thousand
44:07
dollars you got to report that remember guys with this system
44:10
has caused is a world half the world excluded from the might
44:16
from the financial system and I'm going to Go through a couple
44:19
examples, right? So here is Western Union,
44:24
essentially a fish, this is their official announcement
44:27
suspending operations in Russia. The Western Union company stands
44:30
with the world and condemning the unprovoked, an unjustified
44:33
invasion of Ukraine. For the past weeks, our team has
44:37
been working to support our Ukrainian customers including
44:39
the millions who have been forcibly displaced and the best
44:42
ways we can this includes donations to support
44:45
humanitarian humanitarian relief efforts and fee.
44:48
Free money transfers. We have also engaged in
44:51
extensive dialogue with a wide variety of stakeholders.
44:54
In an Earnest effort to arrive at the right decision regarding
44:57
our services in Russia and Belarus.
45:00
We have thoroughly evaluated internal and external
45:02
considerations including the consequences, for our value,
45:05
teammates partners and customers ultimately, in the light of the
45:08
ongoing tragic impact of Russia's prolonged assault on
45:11
Ukraine, we have arrived at the decision to suspend our
45:13
operations, in Russia and Belarus.
45:15
Okay. So again they hide behind them.
45:18
Reality behind the. Oh we're doing this to hurt, you
45:21
know, to hurt Russia and whatever.
45:25
But let's see how many people live in Russia.
45:28
A hundred and one hundred and forty.
45:30
Four million people just lost one of the most popular ways to
45:36
receive for money to receive money abroad.
45:41
That's not okay. That's not.
45:43
Okay, at all. And you know, what still works,
45:45
what doesn't judge Bitcoin, but it's not only Russia.
45:49
It's also Cuba, right? You would understand Bitcoin if
45:53
you were under Cuba's embargo, my name is orig Garcia Crews.
45:57
I am a 35 year old programmer. I don't have a bank account or
46:00
PayPal. I don't use Mastercard or VISA
46:02
credit card more than 60 Banks. And payment platforms, have
46:05
rejected me just because of where he was born, So, when you
46:11
try to normalize, what Wasabi is doing, when you try to normalize
46:15
these random numbers that bureaucrats pull out of their
46:19
asses, a thousand dollar $600, this is what your normalizing.
46:24
This is the system that you're supporting Why?
46:29
Because I was born and I currently live in Cuba a country
46:32
that since 1960 true has been under an economic embargo
46:36
imposed by the United States which prevents American
46:39
businesses and those structured under us law from doing business
46:42
in Cuba. You're probably reading these
46:44
lines in a country that has all kinds of Financial Solutions to
46:48
send or receive payments Banks. Maybe offer you discounts or
46:51
better interest rates to attract your money and you may even
46:55
enjoy the luxury of opening accounts offered by Global
46:57
Financial Services. Just pay power-wise Cubans, do
47:00
not have that privilege. Fintech companies like venmo
47:03
wise, stripe Revolt instantly block.
47:06
Any Cuban, startup, or person from using them, making matters.
47:10
Worse, Western Union. There it is.
47:12
Again, the last service available for Cubans, living
47:15
abroad to send money to their families, suspended US dollar
47:18
transfers to Cuba November 20, 20 after sanctions by then,
47:21
President, Donald Trump. Cubans may not have Visa or
47:26
Mastercard but they have pay with moon which allows us to
47:29
fund a prepaid virtual card with Bitcoin, they can't use Banks
47:33
but founds in Bitcoin, a public peer-to-peer bank.
47:37
They are not accepted by stripe that ubiquitous Internet payment
47:40
network but can make transfers and S through Bitcoins.
47:44
Lightning Network, what is the population of Cuba?
47:48
11 million people put that together.
47:51
That is roughly 155 million people, but it's not only me.
47:57
But this is also Afghanistan. Bacha Khan arrived at the bank
48:01
at 5:30 a.m., but it was already too late.
48:04
Others had been in line for hours.
48:06
It was a fifth day in a row. He tried and failed to withdraw.
48:09
$200, is Banks, weekly limit. It will take me, take me one and
48:14
a half months to withdraw all the money.
48:16
I need said, Mr. Khan, as he tried to get enough crash to pay
48:20
for surgery for his three month old nephew, and Send where the
48:23
economy has been imploding since the Taliban Takeover in August
48:26
paying for basic such as rent, travel, or medical treatment has
48:30
become an ordeal that could take months.
48:32
I might add also Western Union also cut off Afghanistan with
48:36
the Central Bank, effectively paralyzed and who paralyzed the
48:39
Central Bank of Afghanistan, the United States of America and
48:43
shipments of the use of the national currency.
48:44
Suspended banks are short of cash.
48:47
Withdrawals. Nationwide, are capped at $400 a
48:50
week at some banks limits are In lower sanctions, have halted
48:55
more most International transactions, the prices of
48:58
basic Goods have been rising some 22 million people around
49:03
half of the Afghan population are struggling to feed
49:06
themselves. With the banking sector on the
49:08
brink of collapse. The Central Bank introduced
49:10
withdrawal limits and other restrictions on Capital outflows
49:13
and September. The Afghan Central Bank has
49:16
appealed to the US government to release the seven billion
49:19
dollars in foreign assets held on us, soil to address.
49:23
Liquidity crisis. The US says, it's considering
49:26
using some of those funds to help alleviate the cash crunch.
49:29
The u.s. is considering, they're considering it Phil.
49:32
Look at that, they're considering it.
49:35
What is the population of Afghanistan?
49:36
Almost 40 million people? So roughly 200 million people
49:43
Are hurt by this same system that they're trying to push down
49:49
our throats with this thousand dollars, $600.
49:53
Oh, perfect work is okay. We're just gonna allow certain
49:57
UT EXO's on wasabi. That is that system when someone
50:02
is talking about that, that's what they're advocating for a
50:06
racist system, a system of exclusion A system that cares
50:09
where you happen to be born in. That's not something that you
50:12
choose. You just were born in Cuba.
50:14
You were just born in Afghanistan.
50:17
So this is why it's not okay, to even just normalize.
50:21
What the fuck? They're proposing?
50:24
Because it hurts hundreds of millions, if not billions of
50:27
people all around the world, It might have moral or good
50:32
intentions, but I'm not looking at that.
50:34
I'm looking at the results of their system of what has
50:37
happened. Due to the advice of the
50:40
financial action task force, do you think it's okay for hundreds
50:43
of millions of people to starve because of where they were born?
50:47
Do you think it's okay to not be able to receive money from
50:50
abroad because of where you were born?
50:53
Are you really advocating for that?
50:56
Because if you advocate for what Wasabi did, if you advocate for
50:59
the thousand dollar rule, if you advocate for the 600 dollar,
51:02
whatever that is what you're advocating for.
51:07
That shit. Phil man.
51:11
Great job. By the way, look sanctions
51:15
destroy much more than just your enemies, okay?
51:18
We you clearly clearly Illustrated that and that last
51:23
article, right? We are we are holding
51:27
Afghanistan's money hostage. Like we are essentially holding,
51:31
we are essentially holding their people hostage that the people
51:34
who actually there are. There's a good possibility that
51:36
A group of people there that have absolutely nothing to do
51:39
with any of these sanctions, a large, majority of the people
51:42
there have nothing to do but yet they're all being punished and
51:47
it's exactly what you said. It's a system of exclusion,
51:50
okay, it's a system of persecution.
51:53
It's a system of coercion under the guise of inclusivity.
51:58
Under the guise of acceptance. Under the guise of we're here to
52:03
help. Yep, okay make no.
52:06
Take, this is not help at all. It's not and that's it.
52:11
Yeah, it's tight. And dude, we got we've, we've
52:15
done the research. We've got two experts on this
52:18
subject. We've we've gone through it.
52:20
There is no, you cannot come to another conclusion.
52:24
What is this? But a system of control guys
52:28
under this is here to protect you that this is the issue,
52:33
dude? Is that you might be living in
52:35
the way like that blue checkmark.
52:36
That you went through in the beginning.
52:37
It's a great example. He's like I support USD.
52:40
When you say you're supporting USD, that is what you're
52:43
supporting, those stories. And Cuba that story in
52:46
Afghanistan that story in Russia, that is what you're
52:49
supporting. When you say I support USD, that
52:52
is what you're supporting your supporting hunger, you're
52:55
supporting famine, you're supporting War.
52:59
And you're supporting a group, an elite group of bureaucrats in
53:03
d.c. to get to dictate, who should use money and who should
53:08
not use money and these same cycle paths, want Central Bank?
53:12
Digital currencies ha ha ha that my choose Bitcoin CC.
53:18
What are your thoughts on this? Well, I was just looking at they
53:21
said that they consulted their stakeholders at Western Union on
53:25
who you know what they should do and I looked it up and To a
53:29
number one. Black rock.
53:33
And Vanguard are the main tube. That's it's called, like he said
53:37
Bitcoin, that's better funny, the same it.
53:44
Why do we have these small Circles of elite assholes that
53:48
are telling us what we can and cannot do and who in can and
53:51
cannot participate when we can just exit and opt out and just
53:55
buy Bitcoin and participate in an economy that doesn't do those
53:59
types of things. And if you see all the
54:01
censorship is coming out, On bitcoin that in Canada.
54:04
When they centered, they didn't censor Bitcoin.
54:08
They they Spencer off and on and off, rest from Bitcoin.
54:13
And it's just like, I don't understand how people can work
54:17
every single day and not see how this is, such a better way of
54:22
eliminating, the human element out of money because as soon as
54:25
we eliminate that portion of money, things will get so much
54:29
better. Because as you can see, he has
54:31
Satoshi. Nakamoto said this, history has
54:33
been shown of breaches of trust of money because of the human
54:36
element and bad. Literally the best part about
54:40
Bitcoin is that. There's no human element.
54:42
That's going to change and say, who can and cannot participate.
54:45
Like I said, it's just cold. It's just ones and zeroes
54:47
either. You got the keys you don't.
54:49
And that's the best part of that's going to make things so
54:51
much better for the entire planet.
54:52
Absolutely wow, legally fucking beautifully.
54:55
Put bro. Yeah, dude.
54:57
Look, as soon as human beings start to mess around with the
55:02
monetary policy, about who controls money, who doesn't
55:05
control money system gets corrupted and it Even could
55:08
start with the best intentions guys.
55:10
We have seen this play out throughout history.
55:12
So many times we saw, we saw this happen in the Roman Roman
55:16
Republic to the Roman Empire. What do they do?
55:19
They device the fucking money and the beginning it started
55:22
with like a very high percentage towards the end of the Roman
55:25
Roman Empire. It was a very low percentage,
55:27
they debase the money, same thing happened in the u.s. it
55:30
was backed by gold. Then in 1971, 24 to fund the war
55:33
in Vietnam it, you know, they basically defaulted really,
55:37
that's what it was. Then it wasn't backed by gold
55:39
anymore. Then we've had Fiat money that
55:41
they say, Hey, listen, we're going to be responsible.
55:44
Have you seen the end to chart recently?
55:46
Like man, it's like, again, it's not that these people are bad.
55:51
It's that if you're given a power, this this very powerful
55:54
power power, dude it takes a lot of think about it.
55:58
Think about you're going to have to resist that with all your
56:01
being not to follow your own incentives whereas in Bitcoin by
56:05
following your own incentives you're actually helping Typing,
56:08
everybody else because you're strengthening the network Fiat
56:11
has broken incentives. Bitcoin has some awesome
56:15
incentives. That being said Fielder was an
56:16
open source software released today wanting to everybody about
56:19
it software releases, brought to you by Cipher safe.
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Check them out. Cipher safe dot IO, it's the
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best safest place to store your Bitcoin seed store it in the
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Cipher wheel or the all new Cipher grid.
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Both come complete with tamper-resistant wire and the
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grid comes The punch tool, we've got Sparrow, wallet, version,
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1.6.2, 0, that was released its Down Below in the show notes.
56:46
Guys, don't forget to check us out.
56:48
On our Audio. Only platforms Apple podcasts
56:52
Spotify, and anchor. Awesome.
56:55
Thank you, Phil. All right, guys, that was our
56:57
show before we go. I want to give a very special
56:59
shout-out to our awesome thread. Sponsor rep heart.com represent
57:04
filler and I wearing the decentralized corpse feels
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During the black one, I'm wearing the green one making
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below for 15% off anything on the store rep.
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Hard.com, I also want to give a very special shout-out to our
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awesome. Guests name is CeCe, is gonna
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give me an awesome picture of himself.
57:26
Definitely you can find them around on the simply Bitcoin,
57:29
chatting cat, toxic at. There we go, toxic at, thank
57:33
you. I fucked up.
57:34
That's what I do. But anyways, guys, if you
57:36
enjoyed the show, You know what to do, smash their life but it
57:41
hit the microphone and of course they want to continue hearing
57:43
the catastrophic, bales from nation states and I just I'll
57:48
say that in the begonias from the bleep lip perspective,
57:50
definitely consider subscribing to Simply big point and we'll
57:53
see you tomorrow guys for any episode.
57:54
You can't trust the nation states, they've broken the
57:58
trust.