Latest / Simply Bitcoin / Samsung Plans to Launch Bitcoin Exchange | EP 559

Transcript

Samsung Plans to Launch Bitcoin Exchange | EP 559 · Simply Bitcoin

0:18
Yeah welcome to another episode of Simply Bitcoin live and
0:21
coming at you live from Austin, Texas.
0:24
I'm traveling. So I don't have the normal green
0:27
screen also forgive my crappy. Internet Hotel internet.
0:32
I was about to curse but YouTube doesn't like that in the first
0:34
30 seconds I caught myself. Anyways, today we have a very
0:37
special special show before we get to that.
0:40
I want to say hello to the lunge, are legendary Bitcoin.
0:44
Becca how you doing? Hi, how are you?
0:48
Thanks for having me on happy to have you.
0:51
And of course, my legendary co-hosts Optimist Fields.
0:54
What's up? Are you feeling optimistic
0:56
today? Dude, I am more optimistic than
0:59
ever ever before. I am doubling down on the
1:01
mission, get on the mission and Becca good to have you here.
1:05
You look wonderful today, I'm happy, there's going to be a
1:07
good show. It's gonna be a great show.
1:10
So there were some bombshell news.
1:12
We're going to get to Samsung. Looks like it's launching a
1:15
Bitcoin exchange in Korea. We're going to talk a little bit
1:18
about that. What that means?
1:20
Anyways Opti, what do you have lined up for us during the
1:25
culture? Yes I am going to cover that
1:28
Gregg, Maxwell, csw thread that I mentioned last week.
1:32
On Friday we're going to spread the signal.
1:35
We're going to continue to help hot or not continue to push the
1:38
Space Cat and BTC, so tune in. I got the receipts for you guys
1:43
tune in. Definitely tune in.
1:45
Anyways, let's start the show. Brought to you by not all they
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the time of this recording the Bitcoin price is at twenty one
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thousand three hundred and fifty cents per dollar.
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Also As Moscow, time 4680 for block height 750,000 607,
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reachable Bitcoin nodes, fourteen thousand, five hundred
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and seventy two blocks to The Happening. 89,000, 393 having
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estimate couldn't cut that day couldn't come any sooner.
2:37
April 22nd 2024 total lightning network capacity, 4580 one
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capacity value, 97 million. U.s. dollars, hash rate 206 x.
2:48
A hashes realized monetary inflation.
2:51
We are taking the US dollar to school.
2:53
One point seven, eight percent market capitalization 408
2:58
billion dollars with the be but it's still.
3:01
Bitcoin is still a freaking baby.
3:04
Anyways, I got an interesting video for us to react to today.
3:09
Do you guys know who Thomas soul?
3:11
Is Legend. Becca Legend.
3:16
Legend everyone agrees that he's a legend.
3:18
If you haven't definitely go to YouTube, there's some awesome
3:21
channels that clip a lot of his bits.
3:24
And a lot of his interviews, this guy is like the original
3:26
based guy and he had some thoughts on the Federal Reserve
3:30
and the reason I'm going to play it.
3:32
So, for two reasons, first of all.
3:33
First reason is, you have another predominant figure
3:37
saying to End the Fed. Remember, we played you the
3:40
video by Steve Banning last week.
3:42
He made you give this a grazing, amazing speech about ending the
3:45
fed put the politics aside, Side.
3:47
We're not concerned about that. Fiat politics are garbage, and
3:51
then we have Tim pull, huge broadcaster, right?
3:53
You have a lot of predominant people saying, what needs to be
3:57
said. We need to end the fed and here
4:01
we have Thomas Soul saying the same thing, but the thing that I
4:04
want you guys to pay attention to is towards the end of the
4:06
video. They asked him so what would you
4:10
replace it with? And he doesn't have an answer
4:12
because there hasn't been a good answer.
4:14
A gold standard is not a good solution as we know it.
4:16
It will inevitably be captured by governments and they will
4:19
start debasing the currency again, right?
4:22
So we need to get to up Bitcoin standard, right?
4:25
And that's the solution. Anyways, I'm going to shut up.
4:27
Now, I'm going to play the video and then we'll talk about it
4:29
after the fact. Let's check it out.
4:32
If you could, if we could make you dictator, would you abolish
4:35
the FED? Yes, you would.
4:38
Yes. I mean, but for the reasons I
4:40
just gave it history, there's no, you know, the FED
4:43
represented, wonderful, hopes, but we've had so many programs
4:46
Presented, wonderful. Host that ended in disaster.
4:49
I don't doubt that someone who is sufficiently scholarly.
4:53
Could come up with examples of where the Federal Reserve made
4:55
things better. But the question is overall,
4:59
what was I supposed to do? Was supposed to not only prevent
5:01
bank failures? It was supposed to prevent huge
5:05
changes in the money supply. But, in particular, great
5:09
deflations, right? Great is deflation in American
5:11
history occurred under the Federal Reserve System.
5:14
You know, we're there was a crisis in 18:07 JPMorgan.
5:19
The original JP Morgan called the other Bankers into a room.
5:22
Supposedly lock the doors and said we got to do something or
5:25
we're going to all collapse and they did something and they
5:28
didn't all collapse, but but but people the progressives were
5:32
shocked. That one man could come in and
5:34
take command of the situation and especially someone who
5:37
wasn't even in the government. So but so what would you do?
5:42
You would move us back to the gold standard or you'd like
5:44
Banks issue their own currencies the way.
5:46
Did up through the Civil War. Say you could, I could I could
5:51
they weren't doing any of those things.
5:53
As the time, the Federal Reserve was created, we were on the gold
5:56
standard though but whether we're on or off the gold
6:00
standard, there's a that's another whole set of arguments.
6:03
There's no evidence that I can see other than over this vast
6:06
period of time. That the Federal Reserve is
6:07
existed. The things on the whole have
6:10
been better. The great post WWII our
6:13
inflation was fed by the felt by the federal Nerve doing exactly
6:17
what they're planning to do. Now, namely buying up the bonds
6:21
issued by the treasury, but what would you replace it with?
6:24
How would the currency, who would, how would the currency
6:27
run? We, we would replace it.
6:29
We can replace it with what existed when it was created,
6:32
which was the gold gold standard.
6:34
Well, it may be the gold standard but maybe not but
6:37
there's no evidence that these. What would you replace it?
6:39
Things always bother me, you know, I need you, when someone
6:41
removes the cancer, what do you replace it with?
6:45
Okay. So right, interesting.
6:49
Again, he took a little bit of a political view, right?
6:52
Blaming the progressives, right? So, I have another angle to
6:57
this. Why don't we just take the
6:59
monetary policy out of the hands of humans?
7:02
All together, whether its private people, whether it's
7:05
government people, I think people are the problem, right?
7:10
And this case, right? We have Bitcoin takes the
7:12
monetary policy out of the hands of humans.
7:14
We know the monetary policy of It doesn't change.
7:17
We know for the next hundred something years, right?
7:20
It is the solution here, you replace the FED.
7:24
Same things going to end up happening, right?
7:25
So you need to provide an alternative.
7:28
And I really believe that Bitcoin is that alternative.
7:31
And I think it's just a matter of time before this crowd of
7:35
individuals, whether it's Jack Pacific, Steve Band.
7:39
And Tim pull, Thomas Soul Thomas.
7:41
So maybe he's a little bit too old before they start to
7:44
realize. Holy crap, we have an
7:46
alternative. It already exists.
7:48
It can't be corrupted. And most importantly.
7:51
It becomes very hard. No, it's basically impossible to
7:54
debase bitcoin. You really have to convince the
7:56
whole network to change the rules, right?
7:59
It's very difficult when there's, you know, tens of
8:01
thousands of individuals running their own notes, right?
8:04
So anyways, I thought it was a good video to start Monday off
8:07
with Opti. What are your thoughts?
8:09
And we'll move on to the legendary Bitcoin.
8:11
Becca well, so much sauce in that in that clip, but the
8:15
climax is Lackluster. And I was having this
8:19
conversation with my roommates last night and this is just
8:22
further proof to me that we have the tools guys.
8:25
Bitcoin is righteous Bitcoin, in my opinion, is literally Divine.
8:29
Like, we have been giving the tools to take back our money and
8:33
take back our life force. Like, what more can we ask?
8:35
And it's, I say it all the time, it's upon us to spread the sound
8:38
money gospel. So that people understand that
8:41
these tools are available, because most people know what
8:45
the problem is, but they don't know that.
8:46
We have the solution and we have the tools to actually fix as
8:50
Bitcoin fixes this guy's and furthermore everyone go to
8:53
YouTube after the show and watch more Thomas, Soul Clips, he
8:56
destroys basically every every economic Fudd line that you
9:00
might get against bitcoiners and and you know like mainstream
9:05
narratives that you see all the time on the news, he just
9:07
destroys them but he doesn't have the solutions and we do it
9:12
is Bitcoin. Let's go, let's fucking go.
9:15
Anyways, Becca, what are your Yeah, I mean I'm going to agree
9:18
with you guys like Bitcoin is going to fix it and when he was
9:22
talking like it just reminded me of like software is eating
9:25
everything in Bitcoin is software money and it's just it
9:29
just kind of naturally makes sense.
9:31
That it's just going to take over like what the past the
9:35
Legacy system and the way that we know how Fiat has ruined it,
9:39
that Bitcoin in the software and technology is going to fix it
9:43
and it's going to be like level the playing field for everyone.
9:46
Because like you guys are saying like why is it that these this
9:49
one person or the small group of people get to dictate what
9:53
happens with our life force, the life force that each one of us
9:56
has an individual goes out there and create shouldn't be that you
10:00
know, Christine Lagarde or you know, j-pal can just say, oh
10:04
yeah we're gonna go print you know who cares about the energy?
10:07
The proof of work that you've done.
10:09
We're just going to override that.
10:10
So exactly, I think that hit the nail on the head, right?
10:15
The every time the Government prints, they're what they're
10:18
doing is they're stealing from you, you know?
10:20
They could, they could dress it up and you know, put a bow tie
10:23
on a pig. But the fact is that every time
10:27
they print whether you agree with it or not they're printing,
10:30
they're sending 500 extra billion dollars to Ukraine.
10:33
They don't have that money, they print it and which means that
10:37
they're stealing from you in the process, which is, that's what
10:40
Bitcoin is a protest against. And that's why we believe that
10:43
Bitcoin is just a better alternative to Central Banking
10:46
just Take away the central aspect of it that it's no longer
10:50
necessary. It's what Becca was saying about
10:52
this technology, their technology being absolute like
10:55
Obsolete and they don't realize it because they're incentivized
10:59
not to realize it because their whole career and purpose depends
11:03
on them on bitcoin nautic. Not succeeding, even though it
11:07
helps a lot more people than Central Banking will ever do,
11:10
right? But anyways let's move on to the
11:13
news. We got some awesome news today.
11:15
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All right. So very, very bullish Monday.
11:51
Absolutely huge news coming out. But first, I want to take you
11:55
guys on a tail because it's very difficult when you're lost in,
12:00
you know, the price volatility on the day-to-day.
12:02
Sometimes it's very hard to zoom out on the macro but all these
12:07
things have happened in the last two years alone and that makes
12:10
me incredibly bullish on bitcoin.
12:12
So I'll take you guys on this chronological order.
12:16
Whatever. You want to call it anyway,
12:18
Samsung, Purdue 3, nanometer chips.
12:20
That can be used for Bitcoin mining.
12:22
So first Samsung announced that it's going to make Bitcoin
12:24
miners. Samsung is a massive company,
12:26
but it wasn't only Samsung. It was also Intel.
12:29
Intel announced the Intel block scale Asic that was supposedly
12:33
energy, efficient and it was going to help people with the
12:37
climates and with Bitcoin and with all that stuff.
12:39
So now we have Samsung and Intel making Bitcoin miners, holy
12:44
crap. But it wasn't only that this is
12:46
Russia. Has gas prom grass, prom is
12:49
Russia's state-owned natural gas company and they sell a lot of
12:55
that natural gas to Europe. It's a massive massive company
12:58
before this whole, you know, situation in Ukraine happened.
13:01
If you look at any of the soccer games over in Europe and you
13:05
look at the sides, you know, when they put the sponsorships
13:08
on those little boards on the side of the field gasps prom was
13:11
always one of the sponsors, it's a massive, massive company.
13:14
If you live in Europe, you definitely know.
13:16
What it is anyways so gas prom announces its mining Bitcoin but
13:22
it's not only gas problem. It's also Exxon Mobil Exxon
13:24
mobil's. A giant company here in the US
13:28
there, an energy company and they also announced that they
13:32
are mining Bitcoin in North Dakota.
13:34
So to recap right you have Intel and Samsung making Bitcoin
13:38
miners you have Exxon and Intel Saying that they're mining
13:43
Bitcoin, this all happened this year, even with, or basically in
13:48
the last year. Or so, even with Bitcoin going
13:51
down, 70% all of these, things still happened.
13:55
How could you not be bullish? And today, the big news of the
13:58
day was this this article by coin desk seven, South Korean
14:03
Korean brokerages plan to start Bitcoin and shit coin exchanges.
14:07
Next year seven, large traditional brokerages in South
14:10
Korea have started. Laying out the groundwork for
14:13
their own Bitcoin and shit. Coin exchanges in the first half
14:15
of next year. The firms have applied for a
14:18
preliminary approval and establishment of Corporations to
14:21
run virtual asset exchanges. Mirror asset Securities and
14:25
Samsung Securities are among the seven firms.
14:28
The newspaper reported, citing Anonymous industry sources, Miry
14:32
has established a subsidiary under its affiliate Miry
14:35
consulting, which is hiring technical staff for various
14:38
Bitcoin and shit coins, and and FTS while Samsung Is studying
14:42
how to enter the blockchain based security tokens market.
14:45
So it looks like they want to sell some shit coins.
14:47
At the end of last year, Samsung could not find stuff to build
14:51
their trading platform. Anyways, absolutely massive
14:55
Samsung is a massive, massive company.
14:58
It's a massive Corporation, they make a crap ton of things, like
15:01
they don't spend they make, you know, TVs, they make LEDs.
15:04
They make, you know, sometimes the routers they make, they make
15:07
a crap, they make a lot more things than you're aware of,
15:09
they make fridges, they A lot of crap.
15:12
And anyways, for them on the land, the last two years alone
15:17
to say that. Not only are they making mining
15:21
chips, but now they actually want to sell Bitcoin.
15:25
The writing is on the wall. That this thing is inevitable.
15:28
The incentives are irresistible. And remember, with the
15:32
government Central Bank, digital currencies, they won't adapt
15:36
these companies. They won't sell it because they
15:38
want to sell it. They'll sell it, because they'll
15:40
be First to sell it by governments.
15:43
Now, here's the thing that we always say on this show, that
15:46
incentives are stronger than coercion and this time is no
15:50
different here. You have Bitcoins incentives in
15:53
the parasitic Chicagoans. You know, leeching onto that
15:56
hype train behind it. And there you have it.
15:58
It's working its magic, without a CEO without marketing, without
16:03
government coercion. It's just saying, yo, do you
16:06
want to take it, you do you want to benefit from Bitcoin to
16:09
you're going to have to get on the train brother?
16:12
So this is why I believe Bitcoin will win long-term.
16:15
The incentives are stronger than anything.
16:18
That Central Bank, digital currencies will throw at us and
16:22
this is why I believe long term we will win but this is massive
16:25
news. It doesn't surprise me
16:27
whatsoever. Now, Samsung is not only making
16:31
Bitcoin mining chips, now they're planning to sell
16:34
Bitcoin, mining a Bitcoin, might Bitcoin Bitcoin as well, right?
16:38
Which is incredibly bullish. Anyways Opti.
16:40
What are your thoughts? And I'll pass it on to Becca.
16:43
Well, you've been watching this closely and what more can I say,
16:48
man? But first of all, Samsung it's
16:50
Bitcoin, not shit coin, but you can't stop the signal.
16:54
And like we say all the time you know, Bitcoins incentives, stay
16:57
winning and it's just further proof that Bitcoin will overtake
17:02
everything and it's just a matter of time.
17:04
Free market money stays winning and here's just further proof,
17:07
guys, that we are on the righteous path.
17:10
Continue to Double Down. Not doubt yourself, do not doubt
17:13
what we're doing here because Bitcoin stays winning Bitcoin is
17:18
and that's all that matters. Bitcoin is and that's all that
17:21
matters. Becca what are your thoughts on
17:23
this? Yeah I mean the free market is
17:26
going to speak right? And where the incentives are
17:28
good for business, they're going to go there regardless, you
17:32
know, they're capitalistic there.
17:35
They're not to, you know, they're trying to further their
17:38
their market share in email for their shareholders and all that.
17:41
But you can't stop where the incentives are good, that's
17:43
where they're going to go. So it's very exciting.
17:48
It's very exciting. The I think this is just the
17:50
beginning. I think it's going to get even
17:51
crazier. But anyways, I got some Opti
17:55
news for today. Opti loves this type of stuff.
17:58
Check this out, controlling crypto use can make the internet
18:03
safer. Says An executive member of the
18:06
UN is also. They also released an article of
18:10
paper that said that we have to stop developing countries from
18:14
adopting cryptocurrencies, right?
18:17
These people are not your friends.
18:18
And anyways, it sucks for them because Nico like always brings
18:22
the receipts, check it out United Nations executive
18:25
director of drugs and crime office.
18:27
Gotta Wally has suggested that controlling how cryptocurrencies
18:31
are used can partly contribute to making the internet safe.
18:34
Sure. That's right guys.
18:36
We have make the internet safer by controlling cryptocurrencies.
18:39
Yeah. Anyways, speaking during a
18:41
sessions with the world economic Forum, weird, we held that
18:45
although for some reason and that's weird because remember
18:49
how we covered that fact-checked article and for some reason a
18:53
person from the United Nations was also on the world economic
18:58
Forum podcast and they were talking about how they wanted to
19:00
control speech to make the internet safer.
19:04
So they want Control things that they can't control.
19:07
Why why? Anyways we all know why while he
19:12
noted that the focus should be on probing how digital assets
19:15
are used illegally notably amid the growth of cryptocurrencies
19:19
various assets have been utilized an illegal vices like
19:22
the purchase of drugs and money laundering.
19:23
Ah you know what sucks for these people is that now you could do
19:27
a simple Google search and you can realize how much they're
19:30
bullshitting you anyways which is why they're so hell-bent on
19:33
wanting to control the narrative. - check out this
19:35
article from Bitcoin test, it says a report from the
19:38
international narcotics control board.
19:40
Maybe they probably know some things about illegal drugs, that
19:43
Bitcoin is not the preferred method for drug cartels and
19:47
other criminal groups to launder money.
19:49
They'd rather use wait for it. Banks, this opposes the
19:53
widespread narrative that claims the digital coin creates the
19:56
opportunity for Crime, but it's not only that guy's a new report
20:00
by the society, for worldwide interbank Financial.
20:03
Telecommunication of you guys, The Swift says cryptocurrency is
20:06
seldom used for money, laundering activities compared
20:09
to Fiat and other traditional methods despite the perception
20:12
that crypto assets are preferred Haven for illegally acquired
20:14
funds. Criminals prefer to launder
20:16
proceeds through. Mules front companies or cash
20:19
businesses as well as investing into crime identified cases of
20:24
laundering through cryptocurrencies remain
20:25
relatively small compared to the volumes of cash laundered
20:28
through. Traditional methods money
20:30
laundering remains a huge problem for economies throughout
20:32
the world. According to the UN he Even the
20:35
UN huh, un's office on drugs, you you're owning them with
20:40
their own receipts, around 800 billion to 2 trillion or the
20:44
equivalent between two to five. Percent of global GDP is
20:47
laundered through cash channels each year.
20:49
But crypto does not feature predominantly, but why does this
20:55
lady still want to say we can control things by going after
21:00
crypto. I'll redefine it.
21:04
They can't control you if they use Bitcoin.
21:08
And that's what this is about the same reason, but they said,
21:12
hey, we have to control speech for your safety?
21:14
No, no. They can't control you if you
21:19
decide to do your own research. If they can't control the
21:22
narrative, they can't control what you're thinking.
21:25
If they can't control the money, you use, then they can't control
21:30
you. If you actually look at the
21:33
receipts there. Receipts coming from them.
21:37
It even says that the majority of money laundering and crime
21:40
and drugs is used through cash. Bitcoin is a public Ledger that
21:44
last for the rest of time. Your evident that evidence will
21:48
be there forever in cash. You give someone a hundred
21:53
dollar bill, that that's not track, that's not traceable,
21:56
right? So cash is obviously a much
21:59
better tool, but of course, that doesn't fit their narrative,
22:03
they can't control you. If that's the case, they need a
22:07
boogeyman, just like the treasury used the North, Koreans
22:10
to arrest an open source developer to sanction open
22:14
source technology, even though we know for a fact, The majority
22:17
of tornado cash users were not linked to Crime.
22:21
It was only that 10%. So why are we paying the
22:24
consequences for 10% of those transactions?
22:27
Being linked to Crime? What is going on here?
22:30
They need an excuse to control this thing.
22:33
They need an excuse to go after speech.
22:36
Don't fall for it because we always bring the receipts.
22:40
Anyways, up to you. What are your thoughts?
22:42
Wow, Nika Jones with the receipts.
22:44
It's a good Monday. Starting off strong.
22:47
Wrong but of course we see this framing like is anyone surprised
22:51
by? This is like I said it, I said
22:53
it last week is like we don't even have to read these articles
22:56
because we already know what they're going to be saying and
22:59
it's like every single time it's like the same for point but it's
23:03
just further proof to me that the small cabal of parasites are
23:06
terrified. Like you are the light that puts
23:09
the fear of God in them and they're cold little heart.
23:12
Like Bitcoin is fuck you money like fuck you you can't control
23:15
me and they need an Excuse. So, they will pick on the bad
23:19
apples and try to make us all look like criminals.
23:21
But we know what time it is. Like we are just average
23:26
everyday people that are tired of getting stolen from and we
23:30
are doing our best to protect ourselves, our individual selves
23:33
and our family and friends like do not fall for this narrative.
23:38
Privacy is not a crime, you know, saving, you're storing
23:43
your wealth. And your life force is not a
23:45
crime, do not Fall for these narratives.
23:48
This is why we show up every single day encounter this stuff
23:51
because it's absolute BS and someone's got to do it because
23:55
we got to spread the good word, a Bitcoin.
23:57
Like I said, in the first section, we have the tools to
24:01
fix this feature. Not a bug, guys, stay positive.
24:06
We are winning. We are winning.
24:08
Absolutely right. Becca.
24:10
Yeah, we building. Are we building back?
24:16
Yeah. I mean, it's just yeah, you
24:18
know, from These Guys, these centralized parasites like they
24:22
say. Everything's always for your
24:24
seat safety because you are not capable to live your own life by
24:30
your own rules according to them.
24:32
They need to tell you how to live your life.
24:36
When you, what you can eat, where you can poop, how much if
24:40
you can even shower, like, we're not even allowed to do that
24:43
anymore. We have to wash herself with
24:45
Rags. So It's always for your safety.
24:48
You don't know what you're doing.
24:49
So, just listen to them. Okay, yep, exactly.
24:53
And Bitcoin is a threat to that free speech is a threat to that,
24:57
which is why there's so hell-bent on destroying those
25:01
things. And it's what you said, Becca,
25:04
they use the guy. The guys of this is for your
25:07
safety without us, the world will burn down.
25:11
This is why you have to give us more power and more control.
25:16
And they're not even fact-based, they don't care.
25:18
They're just like, just just give it to us.
25:20
We deserve it because, you know, I'm Augustus Garson.
25:23
I've eaten every person. That's right.
25:30
That's right. We must shut down the Escape
25:33
valve. Anyways, we have awesome
25:35
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Alright guys, so remember how I finish Friday's episode or was
26:41
it Saturday after get lost in Bitcoin time?
26:43
Only no block height. Anyways, I quoted this Beauty on
26:47
tweet and I'm going to give you guys the receipts.
26:50
I might read a little more because there's there's a lot of
26:52
good point in this stretch. So this is Beauty on quoting
26:57
Gregg Maxwell, Parker lithic Bitcoin core Dev but prolific
27:00
Bitcoin Dev at large and the quote is, is the Bitcoin.
27:04
Unity boundlessly willing to attack itself, but far more
27:07
indifferent, when it comes to external threat.
27:09
So guys, I got the thread here. I'm going to read a little bit
27:12
because I think people need to hear this stuff and he lays it
27:16
out so good. Remember last week we gave you
27:18
the chronological order of this hot on uppers, fake Toshi and
27:22
now we got more receipt. So this is Greg Maxwell again.
27:26
Bitcoin Dev. If you don't know who he is, you
27:29
need to do some more research. Anyways, it would be difficult
27:32
to overstate how important this is to bitcoin the Fight of Hot
27:35
or Not verse fake Toshi yet. It is often underestimated.
27:39
A con man who can't even program and muddles even the basics of
27:42
Bitcoin Tech started claiming he created bitcoin to try to get
27:46
out of trouble after he engaged in a long-running multi-million
27:49
dollar tax fraud which is ended in police raids at his house on
27:53
several occasions. He's claimed he would provide
27:55
proof of his claims but the proof he provides just get
27:58
proven to be forgeries at one Junction.
28:01
He provided a list of specific Bitcoin, addresses and got shown
28:05
To be a fraud. I have the receipt.
28:07
So you think that would be the end of it.
28:10
But no, the tax Rod set off an improbable series of force moves
28:13
as he then needed to repay the tax authorities to get them off
28:16
his trails. And so he claimed he possessed,
28:19
1.1 million Bitcoins locked in a trust controlled by a bonding
28:23
carrier. That would be released it.
28:25
Never got released. Anyway, now, you might be
28:27
thinking, all this sounds tragic first victims and their
28:30
families. But why should it concern me?
28:32
And indeed for a long time, it didn't and so on.
28:34
Almost anyone of incompetence just ignored him, unfortunately,
28:38
this gave him and his cohorts significant control of the media
28:43
narrative through constant events, press releases, and
28:45
bought and paid for Outlet. The world has been split into
28:48
two groups ones that don't know any better and will Pete his
28:52
claimed with minimal skepticism and people who know that they
28:54
don't want to go anywhere near it.
28:56
As a result, the first group sets, the public narrative to
29:00
sub K. Hold on his vexatious litigation
29:03
has made the Bitcoin, white paper.
29:04
Two people in the UK and if you're in the UK you might get a
29:09
forgery with his name on it to substantiate his pineapple hat
29:13
claims. He filed a lawsuit against
29:15
dozens of developers and try to distribute a version of Bitcoin
29:19
with a cryptographic backdoor which allows him to seize coins.
29:23
He claimed to have lost to anyone with expertise in Bitcoin
29:27
it's obvious. Why the demand can't work users?
29:30
Simply wouldn't choose to run such a version and would run
29:32
Alternatives or stay on old versions.
29:34
But the courts courts aren't Bitcoin experts and see happy to
29:38
provisionally. Take right towards for that.
29:41
It would work and not immediately dismiss the case on
29:43
the basis of its obvious impossibility, guys.
29:45
This is why we tell you guys to continuously run a node using
29:49
node verify your transactions with your own known as Nico.
29:53
He says, run the software and vote for the rules that you want
29:57
to be running. This is why you use anode
30:00
because you need to verify your transactions from the Genesis
30:03
block. So you do not get Dwayne by
30:05
people trying to backdoor Bitcoin.
30:08
Anyways when people talk about Bitcoin being robust and safe
30:11
from Attack, this isn't some magical property that exist in a
30:14
vacuum part of what makes it strong.
30:16
Its Community, it's protected because it's Community follows
30:19
their self-interest and acts to protect it.
30:22
Sometimes that protection comes in the form of developers,
30:24
engineering, excellent, security technology.
30:27
But sometimes what's needed is political public relations or
30:30
legal aid. All the amazing technology in
30:33
the world can't help if people. Don't get access to it.
30:36
What did I just say today, guys? We know the problems, but people
30:40
don't know that there is a solution.
30:42
This is why you guys are on the front line.
30:43
This is why you guys continue to meme anyways.
30:46
The deck is stacked enormously against hot oil, but let's just
30:50
hope that this proves once again that he is a fraud, right?
30:55
Fraud is an attack on bitcoin not conjecture hypothetical
30:59
attack but a real one that has already done significant damage.
31:02
I'm confident that this is an attack.
31:04
Survive. Because I'm confident that when
31:06
people will stand up to fight for it and not wait, forever to
31:09
be solved by the Invisible Hand, without realizing that each one
31:13
of us is the invisible hand, but helping hottel continuous.
31:18
Fight is merely necessary. It's not sufficient, it's
31:20
unlikely that right. Will be stopped by even a
31:22
complete Victory by hottel only slowed down.
31:24
But in spite of the vastness of the Bitcoin, our community
31:28
doesn't appear to be that. Well, politically connected, but
31:31
not that well, isn't not at all. There are some of us Us that
31:35
know people with the power to do something here.
31:37
Have it themselves. It's time to start some of these
31:39
conversations guys. I say it all the time.
31:42
Continue to orange pills, continue to spread the sound
31:45
money gospel. And I'm not going to read all
31:48
this because it's already taken a little more time than I
31:50
thought. But here is I think the meat of
31:55
this post and this is the message that I think we need to
31:57
continue to spread speaking. Personally the fact that the
32:00
community clearly will say man he's just a troll ignore him
32:04
while, right. From Target to Target
32:06
financially ruining them blind to the damage because he smells
32:09
like an Internet troll actually makes him more of a concerning
32:12
threat than many kinds of attack by the US government which we
32:15
can trust would get a vigorous defense.
32:18
How much ink was spilled over some utterly mind-numbing, my
32:21
new show about Taproot activation yet an attacker that
32:24
has bankrupt multiple community members and arguably driven out
32:27
a majority of the remaining over 10 year, developers removed, the
32:31
white paper and most well-known software site from major
32:34
country. You and can conceivably take
32:36
over, most of the Normie, download sites if not combated,
32:39
that really seems like a deeply misplaced priorities or even an
32:43
autoimmune illness is the Bitcoin Community boundlessly
32:46
willing to attack itself, but far more indifferent when it
32:49
comes to external threats. If we walk past each thread on
32:53
the basis, that something else provides protection than
32:56
eventually, there would be nothing left.
32:58
We don't have a strong ability to measures Bitcoin social
33:00
political safety margin. So conservative engineering says
33:04
we should try to By plenty of slack, and letting right run
33:06
rough shed over parts of the community isn't that.
33:10
So let's bring some of these receipts.
33:13
And as you said and as I said in the beginning of this post,
33:16
remember that he tried to provide a list of Bitcoin
33:19
addresses and these addresses. As you can see in this tweet,
33:22
145 wallets that were first created in 2009, suddenly popped
33:26
up in May of 2020. All claimed by kraker, I sent
33:30
this message. Craig Steven Wright is a liar
33:32
and a fraud he doesn't have the keys.
33:34
Use the sign, this message. The lightning network is a
33:36
significant achievement. However, we need to continue
33:39
work on improving on chain capacity.
33:42
Unfortunately, the solution is not just to change a constant in
33:45
the code, or to allow powerful, participants to force out
33:48
others. We are all Satoshi we are all
33:51
hot or not and I put the thread that fractal encrypt put on
33:55
Twitter so that you guys, you know, if you don't like to go
33:57
read it you can you can just read it on Twitter.
33:59
And then furthermore, of course, I'm going to add some dunks in
34:01
here. Shouts out the hot on it still I
34:04
think the good fight and we saw this response by Calvin are on
34:09
that fractal, and cryptic, tweet thread that I just posted and he
34:13
responds, this is funny. I know Craig's mom and she
34:16
thinks Craig is brilliant. And confirms that it was him
34:19
that invented, Bitcoin Greg is just a scam to be trying to
34:22
paint Craig's mother. Like this guy's I didn't bring
34:24
up the article, ha ha ha mom himself said that.
34:29
He is a liar and likes to see the spread the truth that the
34:33
stretch the truth. Forgive me is stretch the truth.
34:37
Anyways hot or not breaking Craig's mom thinks Craig is
34:40
brilliant and confirmed he invented Bitcoin and centrally
34:44
have beca here. I had to add back as tweet
34:47
breaking my mom thinks I'm regarding to amazing amazing.
34:52
Okay. And then some silver lining in
34:54
here guys over the weekend. We saw an outpour of you guys,
35:00
the bitcoiners supporting the Space Cat supporting Hot or Not
35:03
in the We are all hot or not. And so we got this awesome news,
35:08
guys, to everyone that has donated to help spread the word
35:11
so far. Thank you so much.
35:12
Seeing plebs. Dig deep to help is extremely
35:14
humbling. Much love, and respect defending
35:17
BTC.com. As you can see, we have raised
35:20
52.6 79 Bitcoin, plus 30k, with a total of 1891 donation.
35:27
And then, furthermore, a one person or company or group
35:30
donated, 47, Bitcoins over the weekend, stepping up like that
35:33
with no desire for clear. Louder recognition just wanting
35:36
to help without anyone knowing this is extremely Bitcoin.
35:39
Love you, my Anonymous brothers and sisters guys I say it all
35:44
the time and like you guys spreading the positivity,
35:48
spreading the love, holding your brother down, is, is absolutely
35:52
why Bitcoin will win lock Shields with your brothers,
35:55
that, you know, have principles that, you know, are out here and
35:58
actually good people. You don't have to like all
36:01
Bitcoin Maximus. I'm on my king pleb mr.
36:04
Hodda 51. Yo, I don't have to like all
36:07
bitcoiners but Bitcoin is for enemies.
36:10
Bitcoin is for anyone and if you are on the fight, if you're on
36:13
the mission of spreading Bitcoin, then I will lock
36:15
Shields with you. Because if you have integrity
36:18
and principles, this is what it's all about.
36:21
Bitcoin is a social movement and guys, you got to run the
36:25
software. You got to use the software, you
36:27
got to verify your transactions because this is the shit where
36:31
you can get Hoodwink. This, remember what?
36:33
We just been covering last, Week about eith nodes.
36:35
This is this is an actual social attack on bitcoin and I'm just
36:40
inspired to see all of our brothers and sisters out there
36:44
standing behind the space cat. I love all you guys changing
36:47
your avatars on Twitter. We are all Hot or Not shouts out
36:52
to the Space Cat. We I'm counting down on the time
36:56
when we can get this behind you, bro, and you can get your life
36:58
back. We are all Hot or Not.
37:01
Let's go. Guys, continue to donate
37:03
continue to spread the We got about what few weeks left before
37:07
the court. So continued to spread and
37:10
support the Space Cat, shouts out to you Hot or Not, godspeed
37:14
my brother a man, dude. Amen.
37:17
Yeah dude. Look the attack on the space cat
37:20
is an attack on all bitcoiners. He's trying to see us.
37:23
W is trying to silence bitcoiners through fear and
37:27
intimidation. We must stand in solidarity,
37:29
with the Space Cat because I think about it, if If he's able
37:35
to successfully silence the Space Cat, even though space cat
37:38
has put in, you know, according to him, millions of dollars are
37:42
and I already he could silence anybody, right?
37:44
People are going to be afraid to speak up specially in Europe.
37:47
That's Europe, isn't quite protected by the First Amendment
37:50
and like, the United States, right?
37:52
So yeah, this is, this is a, this is a crazy fight.
37:55
I think, you know, I think that the seeing the community rally
37:59
behind and someone actually donated 47 Bitcoin to the
38:02
defense, which is absolutely unbelievable.
38:06
This is what Bitcoins all about, right?
38:09
And that person that donated, that 47 Bitcoin, he didn't even
38:12
take credit for it, right? Which is absolutely beautiful.
38:15
And I think that people underestimate how important this
38:19
is, right? We have the chance through this
38:22
court case in Norway to expose this guy for what he is, right?
38:28
If you look at what the judge said in the Klein case in
38:32
Florida, he specifically said that csw lied that he
38:36
misrepresented. Some things, the case against
38:39
Peter McCormack in in the UK, the reason that that the judge
38:43
only a judge Chamberlain, only awarded, you know, csw a pound
38:48
is because he said the exact same thing.
38:50
Hey you lied under oath, you know this isn't cool right?
38:54
So this is what this is about. We must stand in solidarity.
38:58
This is about you know standing together with the community to
39:01
defeat this guy that has savagely gone.
39:04
After everybody to pump his own bsv bags.
39:08
If people think that guys actually Satoshi think about it,
39:12
people are just like, wow, I'm going to buy satoshi's Vision,
39:15
you know it's in the it's in the frickin name, right?
39:18
So this is really this is what really this is about, you know.
39:21
And I hope that, you know, the space cat is able to raise the 2
39:24
million. I think was his goal and it
39:27
looks like he's definitely on the right track, but we have to
39:30
keep on pushing you can't, you can't lose focus.
39:33
We have to Get over the hill and then we could celebrate
39:36
afterwards. Anyways, Becca what?
39:37
Are your thoughts on this? Yeah, I'm with you guys to like
39:41
you know it's we all need to stand together and attack on
39:44
Hoggle not is an attack on all of us.
39:47
So it's really great to see the whole Community come together.
39:51
Lock arms, like Opti said, and all the fundraisers that are
39:54
going on is just so fantastic. It's really heartwarming to see.
39:58
So, you know, we just got to keep on fighting.
40:01
Got to keep. Absolutely absolutely. 100%.
40:05
Anyways, it's our favorite time of the show.
40:09
This is when this is, this is when it happens, this is the
40:12
actual signal, it's time for some memes.
40:15
Let's check daily meme review. Brought to you, by Citadel 21.
40:20
It's the best Bitcoin culture of zine its stories articles Comics
40:24
by actual bitcoiners. This is the artwork for volume
40:27
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physical copies made per volume. So get your prints of Citadel 21
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today before they run out. Let's go.
40:43
Alright guys, so of course Put Your Meme review score in the
40:48
chat after the memes or maybe during the meme, so we don't
40:51
have that Silence of you guys fit that, that awkward awkward.
40:56
10 seconds sounds like waiting for some leaves to review.
41:00
All right guys. So the first one is by my
41:03
friend, Don Chelli, or down cell, and it is what spaghetti
41:08
with some action heroes, protecting the new Bandits
41:10
mainstream media. But and the maximalist trying to
41:13
do his best to protect the noob, so he doesn't get rekt.
41:17
This is literally what we tried to do.
41:18
This is what we do every day. We show up every single day to
41:21
do this because if not, you, then who.
41:25
Anyways, we drop this article today that time of United
41:29
States, President told the Central Bank, go fuck yourself
41:32
out. One time.
41:33
Strong men were leaders who stood on principle and did what
41:35
they thought would preserve the integrity and Liberty of the
41:38
people. They represented, hika dropped
41:40
this new Duke and I dropped another nuke and then art by
41:46
Art, designed by a San Francisco.
41:48
Rsf dropped an epic meme on us, and it's a nuke with the Bitcoin
41:52
logo on it, on planet Earth. By the way, by the way,
41:56
definitely go check. Scroll up Opti.
41:58
Definitely go check out that article Opti, Opti heat the the
42:03
artwork. Now, he's just doing memes which
42:05
I absolutely love. Check it out.
42:07
Subscribe to www.simpleandsensational.com
42:10
use. It is A written form of Simply
42:13
Bitcoin, it's the ridden signal of the video bomb dropping
42:17
bombs. We're dropping these nuke
42:19
Bitcoin, Nick's on planet Earth, to spread the sound money
42:22
gospel. Absolutely beautiful.
42:24
And then I brought this Me In from Roth Miss just to continue
42:30
the culture that I did last week on Saturday that.
42:33
I I had just so much fun. I got really good response on
42:37
that one. And so we got to Chad, yes, guy
42:39
and he goes. Years ago, 85% of the world
42:43
lived in extreme poverty today. That number is less than 9%
42:47
capitalism. Is good, is not evil.
42:50
But oh God. I don't even know what you'd
42:54
call this thing, but capitalism has failed.
42:58
Oh man! Alright, so for Lefty friends, I
43:01
know we got a lot of cock. I know you gotta, I gotta, I
43:03
gotta, you got underneath a lot of people when you said that up
43:07
for a lefty friends, we believe that Bitcoin fixes the Problems.
43:12
Whether you want to fix the problems with Socialism or B or
43:15
capitalism, right? And there's a lot of big
43:17
Believers Bitcoin fixes all these things anyway, is this?
43:21
Yeah, pop these off, these being a Savage, I like it.
43:24
Okay. And I told you we have the
43:27
receipts and again this is the Calvin are saying that I know
43:32
Craig's mom and she thinks he's brilliant.
43:34
Well we got at. Did you Tails going?
43:37
This is funny. Clown and got the article in
43:40
here. This Toshi Affair Andhra o'hagan
43:43
on the many lodges Satoshi Nakamoto rights mother had told
43:46
me about her son's, long-standing, habit of adding
43:49
bit onto the truth. Just to make it bigger when he
43:52
was a teenager. He went into the back of a car
43:54
in his bike, at threw him through the window of a parked
43:56
car. That's where his scars come
43:58
from. I'm not going to read it all.
44:00
But here we got the meme, right? And then by Peter Scott, morgue
44:06
wine. And we got the Calvin, a tweet
44:10
and then we got The Titanic I want you to paint me like your
44:13
French girls Greg and then like a really bad painting with the
44:18
Leonardo DiCaprio, you know, Django Meme and Gregg Maxwell.
44:23
There you go, Miss right. Dude, that is absolutely
44:27
hilarious. Wow, Savage.
44:29
And then shouts out the set young woman, he's hosted, great
44:32
podcast, Bitcoin Matrix, and he goes hashtag Bitcoin facts.
44:36
And it's a lady saying, should the government dot dot dot, and
44:40
a guy walking away. Nope.
44:42
Non-starter anytime someone says the government should ignore
44:45
anything after that moment because hey I don't know about
44:49
you but I don't like anyone telling me what to do.
44:51
This is why I hold Bitcoin. Fuck you money, go fuck
44:53
yourself. Anyways, ding dong 3001.
44:56
Continues delay, fire memes. I love his aesthetic so you'll
44:59
probably see him more and more every single day but he goes I'm
45:04
off for a few days. Goodnight, Legend.
45:06
And we got this picture pleb life the joy of houghtaling and
45:10
we got a guy in nature. Just enjoying life providing
45:13
value or not here. But he's enjoying life and
45:17
stacking sad. Fine Bitcoins, then guys.
45:19
And you too, can enjoy the beauty of Nature.
45:22
And furthermore, Ian continues to hammer down with tweets, and
45:27
he just goes all caps Divine, and it's a hand coming out from
45:31
The Ether, from the sky. God himself.
45:34
Handing us down Bitcoin, beautiful, beautiful II, say
45:39
what you want. But this is what I
45:40
fundamentally. I believe guys.
45:42
So again, Put Your Meme review score and my mean review, score,
45:46
today is this absolutely delicious Elk jerky.
45:52
Got an honestly, surprised how delicious this is.
45:56
I'll have to find the brand for you guys, but it is so good.
45:59
Absolutely delicious. Oh yeah, how that looks.
46:03
I'm just looking at it. It looks delicious.
46:05
It looks delicious. How is that a beefsteak last
46:08
night and that's still looks. I want to eat it, that's how
46:11
good. Looks anyways.
46:12
So for those memes, I'm going to give it this half-full.
46:18
Fiji bottle and my shitty hotel room in Austin, Texas.
46:24
All right, look Sophie's on the bed.
46:29
There you go. Right?
46:30
So that's my meme score. Anyways, back at what would you
46:34
give those memes? I'm gonna give these memes a
46:39
custom yellow. Blow.
46:45
Wow. Wow.
46:47
One of a Kind, this is even more scarce than Bitcoin.
46:51
Wow. Wow!
46:54
Yellow must be so proud. That's incredible score.
46:57
Anyways guys, we want to know rate the mean we already got
47:00
some scores. Let's let's go through them
47:02
first. So I'm going to ask Becca to
47:04
read them. This is a change it up.
47:06
I am building I am building. Okay, let's try I am building
47:13
but I popped it up on the screen back.
47:16
I popped it up on the screen, okay, okay.
47:21
The Duncans cup. Excellent.
47:24
Very nice. Let's see.
47:25
I give those memes. Moscow, time.
47:28
Love it. What else?
47:31
Okay I give these names as squeegee.
47:35
Very nice not bad and I give these pins and I am building
47:41
Bacchus am bored. I am building any rug, let's
47:47
check it out. Okay.
47:48
How about my car keys? Very good.
47:51
Very good. And I give these things a
47:54
hashtag. I am All the same.
47:57
Wow, back your famous Becca. All right now, real tank.
48:01
Oh my -. They are, we got the assignment.
48:09
All right, I give them this burnt out.
48:13
ECM blow up our motor. Very nice.
48:17
Alright, last one, last one nine, out of nine.
48:20
Strands of Becca's, Luscious Hair.
48:22
Yes very very very very great. Meme scores before we go guys
48:31
before we move to the open source, software release, I want
48:35
to give a shout-out to Simply Telegram group to join it.
48:38
Shut up producer. Jacob for this idea T dot me,
48:42
slash the simply Bitcoin Channel that's where you could link us
48:46
Bitcoin Reams to review and we will review them on the meme
48:50
review. Also, you could tag us on
48:52
Twitter, we will always try to get to it.
48:55
But anyways there's an interesting software release
48:57
today. Let's check it out.
48:59
Bitcoin software release, brought to you by Cipher safe,
49:03
don't be that person. That stores their Bitcoin seed
49:05
on paper paper is prone to water damage, fire damage, dog
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attacks. Everything your seat can be
49:12
eaten by dogs or cats or animals.
49:15
If you store it on paper, you definitely want to store your
49:18
seed on steel and there's no better place to do it.
49:21
Then the cipher safe, get yourself a Cipher wheel or
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Cipher grid today. Visit Cipher safe, dot IO.
49:30
All right, boys and girls. We have version zero point,
49:33
zero, point, 1, 1 0 of the lightning dev kit Rush,
49:36
lightning dev kit, and we got API updates and fixes.
49:40
This looks like a huge update guys.
49:42
So, if you are lightning dev kit, man, we got a solid update
49:47
out here, the build. We are all building.
49:50
So guys, of course, remember to listen to us on the Google
49:55
platform apologue, what's an apple podcast spot of Anchor.
50:00
And of course, we are on Falcon apps.
50:03
I think we're providing value stream of some sets and show us
50:07
some love. Anyways, Nico, let's roll this
50:09
one out, bro. Let's roll it out before.
50:11
We're going to give a very special shout-out to our awesome
50:14
clothing sponsor represent. LTD.com they make some of the
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best merch opt he's wearing the represent.
50:21
Trust no one with the orange pill.
50:23
I'm wearing the, you know, the classy black and white text
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hoodie. It's stylish is Um, fee.
50:29
And you can take advantage of the promo code down below to get
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10% off, represent LTD.com. I also want to give a very
50:38
special shout-out to our awesome guest.
50:40
The legendary I am building Bitcoin, Becca how you doing
50:43
Becca? Thank you, thanks for having me
50:46
on guys. Lots of fun.
50:48
Where can people find? You?
50:50
Find me on Twitter. Ghost, the Becca I'm there.
50:54
Also BT weekly gossip. New issue will.
50:59
Released this week. So keep an eye out for that.
51:03
I definitely recommend it. It's awesome.
51:04
If you want to know the gossip that's going down on bitcoin
51:07
Twitter, definitely go check out Bitcoin Becca's work, she is
51:10
always building. Anyways guys that was simply
51:14
Bitcoin is forgive me I'm traveling at the moment so I
51:17
don't have the green screen. The internet might be a little
51:20
cramped but I will be back in Puerto Rico in a couple days.
51:24
The internet and the green screen will be back.
51:27
Thank you so much for joining us.
51:29
It really helps us if you smash that like button if you really,
51:33
really like the show, definitely consider sharing with your
51:36
friends, share the signal, help with the Bitcoin Revolution.
51:41
And of course, if you really find what we say valuable,
51:44
definitely consider subscribing to Simply Bitcoin, guys.
51:47
I'm going to try to make it to tomorrow's episode, but I might
51:50
be on a flight. I will keep you updated but I
51:52
will 100% be back on Wednesday. We love you all.
51:56
And thank you for tuning in to episode.
51:59
Of Simply Bitcoin. Which one's the best crypto
52:15
asset will Bitcoins the best crypto last.
52:17
Okay, what's the second best? There is no second best.