Latest / Simply Bitcoin / Presidential Candidate Embraces Bitcoin Standard | EP 784

Transcript

Presidential Candidate Embraces Bitcoin Standard | EP 784 · Simply Bitcoin

• 0:18
  Good morning everybody. Today is Wednesday, July 19th in
• 0:23
  the year 2023 and welcome to simply Bitcoin.
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  We are your number one source for the peaceful Bitcoin
• 0:27
  revolution. We cover breaking news, culture
• 0:29
  and nomadic warfare and we bring on Bitcoins from all around the
• 0:32
  world. From the biggest names to the
• 0:34
  everyday Bitcoin. We got them all and we will be
• 0:37
  your guide through the separation of money and state.
• 0:42
  And the constant theme the last couple of days, guys.
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  Actually the last couple of weeks has been the idea of not
• 0:47
  only bitcoiners, but people adjacent to Bitcoin pushing the
• 0:51
  Overton window. Whether it's corporate press,
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  whether it's presidential candidates, whether it's pop
• 0:55
  culture, TV, movies, all that stuff talking about Bitcoin.
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  The Overton window is starting to inch and Bitcoiners are going
• 1:06
  to be smack dab in the middle middle of that.
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  And as you can tell from the title from our thumbnail from
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  the news yesterday, RFK Junior Robert Kennedy Junior is it
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  seems like he's a bitcoiner guys.
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  Yesterday he announced that he wants to eliminate capital gains
• 1:23
  tax on Bitcoin. He wants to back the US dollar
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  with Bitcoin. He is doubling down on all the
• 1:28
  things he said at Bitcoin 2023. And as much as I do not trust
• 1:33
  politicians, you guys know me. I am skeptical upfront.
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  I think either way, this is a win.
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  Whether he wins or not, whether you agree with him or not, the
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  Bitcoin conversation is happening at the highest levels,
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  and in my opinion, that is a win.
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  More people are waking up to the idea of Bitcoin, whether we have
• 1:52
  more and more detractors, whether we have more and more
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  presidential candidates talking about Bitcoin.
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  Whether it's just the corporate press that cannot stop talking
• 2:00
  about the Bitcoin price, about the Bitcoin bubbles, Bitcoin has
• 2:05
  very evidently moved into the mainstream consciousness.
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  And here we are. We're on the front lines, guys.
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  So continue to spread the memes, continue to talk about Bitcoin,
• 2:17
  continue to try and wake up your friends and family.
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  That's all we really can do because.
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  The world has yet to feel enough pain to go on the Bitcoin
• 2:27
  standard, but you guys have, and you guys have changed your
• 2:30
  trajectory by getting on the Bitcoin standard, by
• 2:32
  understanding Bitcoin, by understanding that orange coin
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  good number goes up and freedom goes up as well with it.
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  So hey, whether RFK is actually the bitcoiner that he says he
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  is, and there's contention on both sides from bitcoiner, some
• 2:46
  believe that he's authentically believing everything he's
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  saying. And a lot of us more skeptical
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  bitcoiners are like he's a politician and he's just
• 2:55
  providing lip service to a cohort of voters that believe
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  what he is saying and on that same vein are not very political
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  to start with. So there is a lot of you single
• 3:08
  issue Bitcoin voters out there and maybe he's tapping into it.
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  Maybe he is just paying lip service to this.
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  We won't know until we move forward in the story, but.
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  The story remains the same. The Overton window in regards to
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  what you guys know about Bitcoin is starting to move into the
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  mainstream. I've said it in the past, we
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  have moved into the Rubicon or we have crossed over the Rubicon
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  into the mainstream consciousness.
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  And this next bull run, as the price goes up, conversations
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  going to be nothing but Bitcoin. But I am not alone here.
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  I am with my cohost Dell, and you guys have been very excited
• 3:45
  about Dell. So Dell's going to cover the
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  news. And we have a theme today, Dell
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  and you hit me up last night and we were on the same wavelength.
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  It is the idea of inching the Overton window and Bitcoin is
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  going to be and it's it's it's getting very close.
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  It's almost like we are going to be you know the the bell of the
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  ball soon. So this next year or two is
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  going to be very interesting as a bitcoiner, but how you doing
• 4:07
  this morning? I'm doing just fine, yeah.
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  Nice morning. Good day.
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  It is going to be quite interesting as we head into the
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  election year, what happens there?
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  The lack of debates or different kinds of debates, we'll see.
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  And the whole narrative, everything, the whole story
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  surrounding Bitcoin and crypto. And we've got some stuff we're
• 4:27
  going to be talking about today, how people still don't
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  understand the difference between the two.
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  They think that that all of the crypto ecosphere is just a bunch
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  of different stocks and bonds and blah, blah, blah.
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  They're all these different investments.
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  And it's it is really. Really hard to understand what
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  Bitcoin is until you take those many hours and dive into it,
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  because understanding what money is is not easy.
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  Even somebody that's really smart, like Jon Stewart, we're
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  going to play a clip I think later on where he kind of has
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  this oh aha sort of moment And it it takes time to get there
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  because it is so radically different than anything that
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  you've been told or no, because most people don't spend any time
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  thinking about this kind of stuff, so.
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  It takes a lot of work to get there and I think we're going to
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  see more people going 01. 100 percent, 100%.
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  And to the your point on the Jon Stewart clip, we are going to
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  play that in the culture and it's something I've been talking
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  about and we and we constantly bring up the same idea is people
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  are starting to ask the questions and that is where you
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  start from. You ask the questions, what is
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  going on? Why are they printing so much
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  money? What is money and how do we fix
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  this? Because I say it all the time.
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  I think a lot of people know what the problem is, but they
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  don't know what the solution is. And of course, fix the money,
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  fix the world. That's why we're Bitcoiners.
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  That's why we're simply Bitcoin. Anyways, let's get into the
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  numbers, guys. The Bitcoin numbers.
• 5:56
  Is your Bitcoin and cold storage really secure?
• 5:59
  Is your seed phrase really secure?
• 6:02
  Stamp seeds? Do it yourself.
• 6:03
  Kit has everything you need to hammer your seed words into
• 6:07
  commercial grade titanium plates instead of just writing them on
• 6:11
  paper. Don't store your generational
• 6:14
  wealth on paper. Papers prone to water damage.
• 6:17
  Fire damage. You want to put your
• 6:19
  generational wealth on one of the strongest metals on planet
• 6:22
  earth, Titanium. Your words are actually stamped
• 6:25
  into this metal plate with this hammer and these letter stamps.
• 6:29
  And once your words are in, they aren't going anywhere.
• 6:31
  No risk of the plate breaking apart and pieces falling
• 6:35
  everywhere. Titanium stamp seeds will
• 6:37
  survive nearly triple the heat produced by a house fire.
• 6:40
  They're also crush proof, waterproof, non corrosive, and
• 6:44
  time proof. All things that paper is not.
• 6:46
  Not allowing you to hotter your Bitcoin with Peace of Mind for
• 6:49
  the long haul. Stamp your seed on stamp seed.
• 6:53
  Let's go guys. Here we go.
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  We are in the numbers, but if you scan the QR code at the
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  bottom, go check out stamps. Anyways, we're over here on
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  Clark Moody's dashboard, aka bitcoin.clarkmoody.com and we
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  are at the block height of 799,414.
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  We're almost at that 800,000 block.
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  TikTok, next block Honey Badger don't care and the current
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  Bitcoin price is currently at $29,880 where you know hovering
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  around that 30K which means that the Moscow time AKA the Sats per
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  dollar, AKA how much your dollar is worth in Bitcoin or how much
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  Bitcoin you can buy for a single dollar is that 3347 sats.
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  We are still in that 3K range, absolutely love to see him and
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  the total percentage of Bitcoin issued is at 92.54%.
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  Slowly inching up, slowly inching up.
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  The market cap in Fiat terms is $580.6 billion.
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  The realized monetary inflation taking Fiat currencies to school
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  is 1.76%. I don't know if you guys
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  remember, but the dollars? Recent CPI print was at above 3,
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  so killing all the Fiat currencies in the world and the
• 8:05
  Bitcoin versus gold market cap so much room to run 4.45%.
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  The total lightning capacity is currently at 4910 Bitcoin.
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  As you can tell it is fluctuating a little bit.
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  I wonder what's going on over there.
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  It was you know like. Like 5100, a couple weeks ago it
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  was under four 4009 it was like 4898 the other day.
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  So hey there is some additions to the lightning network.
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  And remember finance just unrolled their lightning
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  options. So it seems like things are
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  building on lightning and the hash rate the last 90 days is
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  366 Exa hash and the pending fees is currently at 2.17 BTC.
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  We saw for a while there we were in the 10 to 20 Bitcoin in the
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  pending fees. But hey, markets clear, the men
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  pool clears. Anyways, let's get into today's
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  video. As you guys probably saw on
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  Twitter, we got this Bitcoin skeptic.
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  His name is Ben McKenzie, he's an actor for I believe it was
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  the OC in the early 2000s and he has become a Bitcoin, or rather
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  a crypto skeptic. But before I get into that,
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  first shouts out to Joe from Squawk Box Absolute Chad
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  Bitcoiner and I just love to see him on legacy media just
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  constantly counter all of the Bitcoin skeptics.
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  He has thoroughly been orange pilled and you just love to see
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  it. We as you guys know what's the
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  the Fight Club meme was like. We run the nodes, we're
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  everywhere. We are in control of this stuff.
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  It's becoming clearer and clearer and clearer every single
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  day that there's Bitcoiners at the highest and the lowest
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  levels of the whole world, and we are everywhere, you know We
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  we may not all be as open and loud and eccentric as the Max
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  Kaisers of the world, but Bitcoiners are everywhere, and
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  it's only a matter of time until Bitcoiners are literally in
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  every position around the world. But.
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  Anyways, let's get into this video here and not only are
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  we're gonna have a good laugh, but there is an actual economic
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  discussion on the whole idea of money here.
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  And I will. I did do a little more digging
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  here because. Me and Dell were asking this
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  question like, who paid this guy off?
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  Like what is his incentives, what is the financial incentives
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  for him to come out as a Bitcoin skeptic?
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  So I have an article by the Guardian here.
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  I will, you know, highlight a few points and and talk about a
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  few things before I pass it over to Dell.
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  But there is a very interesting stuff here and it's it's a story
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  as old as time, as someone that's been in Bitcoin for a
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  long time. But let's just watch this video
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  and then we'll get back to it. Be on.
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  Earlier this he's great smart guy stock and thinks bitcoins
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  going to 200,000. So we have you know Kathy Wood
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  BlackRock wants to have a an ETF Fidelity.
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  Charles Schwab Paul Tudor Jones as long as Stan Druckenmiller
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  and just across the board it didn't take me long to
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  understand how the unbank could benefit from this and I also
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  understand the distributed ledgers and I understand it was
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  only. I mean I didn't you say you did
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  a deep dive it only took me about 20 pages of the Bitcoin
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  standard to understand that this was probably something that you
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  think black you think all these firms are going to have egg on
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  their face. It's democratized decentralized
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  future of money is blocked you by BlackRock I don't know black
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  maybe they may. I mean if if they think it's
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  gold, if they think it's, you know that's why I was digital
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  gold right. Exactly.
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  And that's why I was explaining the difference between.
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  No. I heard that thing and scares a
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  lot of smart people are so are fooled by you think it's going
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  to 0 eventually. No, that's that's like a I mean
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  look where do you think it's going story.
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  I can't predict the future anymore than anyone else, but I
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  would say it's going lower. Yes.
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  OK. Do you think eventually there
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  will not be something called Bitcoin?
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  It's a story. It'll last as long as people
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  believe in it. All right guys, first and
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  foremost, shout out the gel from Squawk Box.
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  I I think that was the most chat answer I've heard in a long
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  time. It's like wait, you know better
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  than literal Fiat billionaires that hold Bitcoin.
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  He's like, I read 20 pages, the 1st 20 pages of the Bitcoin
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  standard and I understand how powerful Bitcoin was.
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  First, obviously that's a testament to the book by Safe
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  Dean, The Bitcoin Standard. Of course, guys, if you haven't
• 12:31
  read it, I highly recommend you guys go read it.
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  But what a dunk. I'd love to see it.
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  I'd love bitcoiners dunking on people in the corporate press.
• 12:39
  But anyways. Let's get into this article over
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  here, and this is by the Guardian.
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  And this really shows the incentives behind Ben McKenzie
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  and why he is doing what he's doing.
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  And the headline here is I know about lying.
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  I do it for a living. How Ben McKenzie went from the
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  OC heartthrob to cryptos Biggest critic.
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  So. As we are talking about, Ben
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  McKenzie is about to publish a book called Easy Money,
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  Cryptocurrency, Casino Capitalism, and the Golden Age
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  of Fraud. And it's a story about how Ben
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  McKenzie accidentally became an investigative journalism and
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  what he calls a bizarre career pivot.
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  And. Before we get into it, it's very
• 13:18
  interesting that the chunk of this book is Ben McKenzie
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  talking to a lot of shit coin scammers and hence why he
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  probably has this revulsion repulsion to Bitcoin or
• 13:29
  cryptocurrency as he's calling it.
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  Anyways, as you can see here some highlighted parts.
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  There's interviews with us Sam Bateman fraud, There's
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  interviews with CEO Alex Mashinsky of Celsius.
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  And he talked to Justin Son without going any further, he
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  they're all shit coin scammers. So no wonder why he has such a
• 13:47
  skeptical view on Bitcoin. Anyways, just to go into a
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  little back story, he in the pandemic, he started to look
• 13:55
  into Bitcoin or crypto in a midst of boredom and midlife's
• 13:59
  crisis. And he became curious.
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  He considered buying crypto, but the more he read about bubbles
• 14:05
  and economic history, the more suspicious he became.
• 14:08
  Bubbles go parabolic upright at the end and then parabolic down.
• 14:12
  Usually that's where I felt we were like this was not
• 14:15
  sustainable, but in times of mania it's heard mentality and
• 14:18
  everyone just piles on. That's what he thought,
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  potentially a massive Ponzi scheme.
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  And he hasn't quite understood why.
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  He said. I felt like something I could do
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  because I know a little bit about money, but I know about
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  lying. I do it for a living.
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  He says his career taught him about hype and bubbles, and he
• 14:33
  lived through his own because he was the star of the OC anyways.
• 14:38
  There's they're trying to make a connection between the
• 14:41
  cryptocurrency industry in Hollywood.
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  Ultimately it comes down to marketing if crypto again.
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  Using the word crypto here is is a very poignant point here.
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  Don't forget this. If crypto doesn't have a
• 14:53
  product, which I would argue it does not, then what are you
• 14:56
  buying when you're buying these bits of code?
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  It's just a story, an appealing one, he adds.
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  It claimed to be inclusive for people who, for various reasons,
• 15:03
  usually of inequality, didn't have traditional bank accounts.
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  It's going to build generational wealth.
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  It's going to democratize and decentralize the future of
• 15:10
  money. None of it is true.
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  He understands why people were drawn in.
• 15:14
  I almost was. It had, at least on paper or
• 15:16
  screen, made money for. A bunch of people, even at the
• 15:19
  end of the day, it actually hadn't because they couldn't get
• 15:21
  the money out when the price crashed.
• 15:24
  Anyways, going on a little bit, there's some talk about showbiz.
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  He says showbiz is a hustle and there's money to be made by
• 15:29
  selling products, which is fine. But this is different.
• 15:32
  This is not so for car insurance.
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  This is an unregulated, unlicensed security in my
• 15:36
  opinion, and you are effectively offering financial advice
• 15:39
  whether you say you are or not. And he dives into a lot of these
• 15:43
  examples that we talked about on the show, constantly about
• 15:46
  celebrities and. Shit coins and how shit coiners
• 15:49
  make us all look bad. So I am not disagreeing with the
• 15:54
  idea that crypto is filled with scams.
• 15:57
  I think we can all safely agree as bitcoiners that crypto or
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  shit coins. Is is rife with fraud, with
• 16:05
  charlatans, with snake oil salesman, with frauds.
• 16:08
  It's like, I can agree with this 100%, but I think here is the
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  crux of this whole incentive structure of Ben McKenzie.
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  Mckenzie's enthusiasm in the surety of his predictions ramped
• 16:20
  up that the space was going to go down and he essentially bet
• 16:23
  $250,000 at the crypto market would collapse, but got the
• 16:27
  timing wrong and lost most of it.
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  Did that make him question his position?
• 16:31
  Oh yeah, and it made me think about how.
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  Tell my wife, which is where a lot of Kryptos people who have
• 16:35
  made big losses have gotten, he smiles.
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  It was an expensive lesson, but it was a luxury that I had the
• 16:41
  money to speculate with. With What makes me most angry is
• 16:44
  the selling of this junk to people who cannot afford to lose
• 16:48
  the real money they have, and the complacency of the people
• 16:50
  that did that. Look, I.
• 16:53
  Pretty much agree with you. This is why I am a bitcoiner.
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  This is why I'm a toxic bitcoiner, because I also got
• 16:59
  scammed and wrecked by shitcoiners.
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  And This is why we are simply Bitcoin.
• 17:02
  This is why we continue to double down on the idea that
• 17:05
  there is Bitcoin and there is Shitcoin and hey, look, it is a
• 17:10
  free market. Yes, there's a lot of scammers
• 17:12
  out there. Yes, you know, do do do your own
• 17:15
  research and all that good stuff.
• 17:17
  And I 100% agree. Crypto is a fraud.
• 17:20
  This is why we double down on the idea of Bitcoin only.
• 17:23
  But you can tell his incentive structure.
• 17:25
  He lost a quarter million of a dollar, probably speculating on
• 17:28
  some shit coins following bad advice, and now he's here to
• 17:31
  protect the little man. This is what he's here to do
• 17:33
  anyways. He still believes crypto has no
• 17:36
  real world use or value, but he hasn't, I point out,
• 17:39
  successfully brought cryptocurrency down and he
• 17:42
  laughed. For the crypto survivors, the
• 17:43
  market appears to be recovering. Even if the regulators are
• 17:46
  circling it, it's not a fair market.
• 17:47
  Most of the volume is fake. There's very real acquitted,
• 17:50
  very real liquidity, meaning he the real money backing it.
• 17:53
  Crypto will be around, he said. As long as people believe in it.
• 17:56
  The brilliance of the con is it points out something we can all
• 17:59
  agree on. The financial system is unequal
• 18:01
  and then pivots. Crypto solves it, he smiled.
• 18:04
  That's the trick. It doesn't.
• 18:06
  We could continue to choose to ignore those laws in traditional
• 18:09
  finance, but Mackenzie doesn't think we should.
• 18:11
  We made the financial system up just like we made-up money, so
• 18:14
  we can change it. But it does require work, and it
• 18:16
  does require we speak the truth. So again, he thinks he's doing
• 18:20
  the right thing, but I think he's wholly mistaken.
• 18:24
  Yes, there's Bitcoin, there's crypto, there's a lot of frauds
• 18:27
  in crypto, but there is very real monetary properties that
• 18:32
  you would want to choose in regards to choosing the best
• 18:35
  money. And he did have.
• 18:37
  I didn't. Say it right now, but in this
• 18:39
  article there is a little touch on the idea that he had an
• 18:42
  economics degree like 20 years ago.
• 18:44
  So obviously a Keynesian doesn't really understand the Austrian
• 18:48
  economics version of money, which.
• 18:51
  I think he kind of does cuz I read another article but he
• 18:54
  still thinks in the idea. Like Bitcoin, it's not a medium,
• 18:58
  In exchange, it's not a unit of account.
• 19:00
  You know, I can't go to my bakery and buy something with
• 19:03
  Bitcoin. I can't store my wealth and
• 19:05
  Bitcoin because it's so volatile, the yada yada.
• 19:08
  Anyways, I think Jeff Swan here, aka and or agarest view sums it
• 19:12
  up perfectly on this tweet. If you think anything can be
• 19:16
  money because it's just a shared fiction, you're gonna have a bad
• 19:19
  time. And I think this is the crux of
• 19:22
  the situation. It's not just that anything can
• 19:25
  be money. It's not just that we all agree
• 19:28
  on, you know, a story and we're making up something to be new
• 19:32
  money. It's there's certain properties
• 19:34
  of money that the world coalesces on.
• 19:37
  It's a it's a shared understanding of what the best
• 19:39
  money is. It's, you know, what do we
• 19:42
  always say? Scarce, divisible, fungible.
• 19:45
  I could go on, but I really like this tweet here from Swan Shouts
• 19:49
  out to I don't know who's behind the Swan account, but shouts out
• 19:52
  to you on Twitter and he goes Bad actor exposed.
• 19:54
  Is that democratized, decentralized future of money
• 19:57
  brought to you by BlackRock. I really like that gaslighting.
• 19:59
  It's nice, A nice deflection, Ben, but Bitcoin is much bigger
• 20:03
  than BlackRock or anyone else. It isn't just a story, it's
• 20:06
  history. Are you on the right side of
• 20:08
  history? Are you coalescing on the best
• 20:11
  money possible? Because.
• 20:14
  The world will coalesce on the best money possible.
• 20:16
  And it's not just a shared fiction, And even to that point,
• 20:19
  and we're going to pretty much thoroughly destroy this idea on
• 20:22
  today's show because it's not just a shared fiction, a shared
• 20:27
  story. Because the traditional
• 20:30
  financial world is just that they're they're the best
• 20:33
  storytellers in the world. They they gaslight everyone.
• 20:35
  They know that the the financial system as it is is based on
• 20:38
  trust. And they abuse that trust.
• 20:40
  But we have something now that is called Bitcoin. 21 million
• 20:45
  hard cap, permissionless money, uncensorable money, fungible.
• 20:49
  The visible can have instant settlement across the world in
• 20:53
  10 minutes or less. Digital money for the digital
• 20:55
  world. This is why people have
• 20:57
  coalesced on Bitcoin. It's not just a story, It is
• 21:00
  understanding that there are certain properties to money, and
• 21:03
  Bitcoin fits that better than any other money we've seen
• 21:07
  today. And furthermore, you think
• 21:09
  you're going to save in in in paper money and I/O u's?
• 21:12
  I'm not. I don't Anyways, I think I've
• 21:15
  rented enough. Dell.
• 21:17
  What's your thoughts on all this?
• 21:19
  I've got a tweet here from American Huddle and he says it
• 21:22
  pretty clearly. I'm gonna pull this up here.
• 21:25
  Is that There we go. By the way, Bitcoin.
• 21:27
  He's referring to this y'all Harare clip, which we might get
• 21:31
  to later, but. He's talking about this whole
• 21:33
  shared fiction story thing here, he says.
• 21:34
  By the way, Bitcoin is not a shared fiction, but a shared
• 21:38
  recognition and emerging understanding of something
• 21:41
  profoundly new and simultaneously ancient.
• 21:44
  And I think what he's saying there is entirely accurate,
• 21:46
  because a lot of money you could look at as a shared story.
• 21:50
  Okay. We all believe that this money,
• 21:53
  this, whatever it is, these papers, has this value of time
• 21:57
  that we put into it. We go and we work and we we
• 21:59
  transact. In this paper currency, because
• 22:02
  we believe it's that way. And if everybody were to wake up
• 22:04
  tomorrow and not believe that and say actually I want to
• 22:07
  transport all my mental energy that I put towards these numbers
• 22:11
  on the screen, towards napkins, I guess that could work.
• 22:15
  But the thing there is that this is, this is what we're using,
• 22:19
  that this is the medium of exchange, this paper currency,
• 22:22
  dollars, whatever it is in your local jurisdiction.
• 22:25
  But for me it's dollars. Numbers on the screen.
• 22:28
  But with Bitcoin, it's as people have talked about so often, it's
• 22:31
  this it's it's not a lie. It's truth.
• 22:35
  It's it's like the the measuring tape where if you have a
• 22:38
  measuring tape and it's constantly changing and you
• 22:39
  build a house to some specifications one day, but then
• 22:42
  you come back the next day to to keep on building that house to
• 22:45
  keep on working on it and your tape measure has changed this
• 22:49
  portion of the foot is. Three inches longer.
• 22:52
  And then this section of the tape measure, it's 3 inches
• 22:54
  shorter, So you have no idea. Your measurements are all
• 22:56
  completely off. That's what money is currently
• 22:59
  and has been for basically all time, except when you enter
• 23:03
  Bitcoin. This is what I was saying at the
• 23:05
  outset. It's so radically different.
• 23:06
  It's so weird that when you wake up from that, when you, when you
• 23:10
  kind of have your Neo waking up out of the pod, the reality of
• 23:14
  the situation is so drastically different than what you've
• 23:18
  thought. You're you're used to going to
• 23:19
  oh, I remember that ramen shop. Oh you're walking down the
• 23:21
  street. I'm going to have a cookie And
• 23:23
  here we are and I'm going to oh, Mr. Anderson, I'm going to my
• 23:26
  office job. But then you wake up and you go,
• 23:28
  wait, what? Whoa.
• 23:29
  There's there is no sun. There's robots everywhere.
• 23:33
  Humans are being used as a battery.
• 23:35
  This is the real world. But like you you can't even
• 23:38
  comprehend the difference there and so.
• 23:41
  Bitcoin is reality. It it's just saying, people
• 23:44
  might say, Oh well, what am I buying?
• 23:45
  I'm just buying data. No, no, no, no.
• 23:47
  You're not buying just data. You're not buying just numbers.
• 23:49
  You're buying what everybody, I mean you that is part of what
• 23:53
  you're buying. You are buying your section on
• 23:56
  this immutable Ledger. Yes, that is part of it, but
• 23:58
  you're also buying a portion of all of that energy that went
• 24:02
  into it. You're also buying a portion of
• 24:04
  all the economic. And incentives that people
• 24:06
  dumped into that all the stuff, all the time and energy that
• 24:09
  Pierre Rashard and Riot and Tara Wolf and all the various
• 24:13
  platforms and developers that have put into that, so all of
• 24:16
  that time that they're putting into it.
• 24:18
  All of the time that the educators are putting into it,
• 24:21
  All of the time that Opti Nikko Rustin with his clips, the
• 24:24
  editors that you don't even see the faces of doing all of this
• 24:27
  work to share the information about Bitcoin.
• 24:29
  All of that going into Bitcoin on a daily, second by second
• 24:33
  basis is part of what you're buying into.
• 24:36
  You're trading your time to get a piece of this massive thing
• 24:40
  that is constantly growing. All of that energy is being.
• 24:43
  Constantly dumped into it. And I mean physical energy, yes,
• 24:46
  but coming from the sun, the land, the water, yes, that
• 24:49
  energy. But I also mean the mental
• 24:51
  energy. People say that the the best
• 24:54
  Bitcoin miners are the ones that find the best efficiencies
• 24:57
  you're going to. The ASIC miners are the most
• 24:59
  efficient thing. People start out by mining on
• 25:01
  their laptops, in their, in their computers.
• 25:02
  And then people figured out apparently it was that.
• 25:05
  I think it was the guy that bought the the pizzas, that
• 25:09
  Hynek or whatever. Alex Hynek.
• 25:12
  He's the guy that figured out that using GPU's was better.
• 25:15
  I think I read this in the bullish case for Bitcoin.
• 25:16
  He's the guy that figured out that using GPU's was better than
• 25:21
  than a CPU. So then people switch to GPU's
• 25:24
  and now, oh, now it's so much more efficient.
• 25:26
  But then people figured out ASIC.
• 25:28
  But that's on the technological the the hardware side.
• 25:31
  But the same is happening on the human side.
• 25:34
  If you're at a Bitcoin company and somebody else comes along
• 25:37
  and says, hey, I can do the job of those three people by myself.
• 25:40
  Well, those three people might not have jobs anymore because
• 25:44
  the company is going to go, oh, this guy can do the editing, he
• 25:47
  can do the videos, he can do this, he can make the
• 25:49
  thumbnails, he can like, he can be the video guy.
• 25:51
  We don't need three people to do that.
• 25:52
  We can just have one person to do that.
• 25:53
  So it encourages people to be more efficient, more creative on
• 25:58
  all aspects, not just the hardware.
• 25:59
  It's not just the hardware that's getting more efficient,
• 26:01
  it's the people too. And I yeah, it's Bitcoin is it's
• 26:06
  so. Like I said at the outset, it's
• 26:08
  so radically different. Like it, it's a complete world
• 26:13
  view difference that because it is done and interacted with on
• 26:18
  the computer, people go, oh, it's the same as all these other
• 26:21
  Kryptos. That's the only thing that's the
• 26:23
  same about it. That is the only thing that's
• 26:25
  the same about it is that you interact with this thing.
• 26:28
  This this technology via screens, Yes, that is how you
• 26:31
  interact with it. Like, I I can't go out and scoop
• 26:33
  them up off the ground with my hands.
• 26:35
  I can't touch it physically. But that's that's that's
• 26:38
  irrelevant. That's like saying, Oh well,
• 26:40
  because it's on the Internet that that Vimeo and YouTube is
• 26:44
  exactly the same. Really.
• 26:46
  Really. Which one has billions of
• 26:49
  seconds of video content being uploaded every moment?
• 26:52
  Which one has? Which is the second largest
• 26:54
  search engine in the world? Is it Vimeo?
• 26:57
  Invite me or whatever. No, no it's not.
• 27:00
  It's not. Is Rumble the biggest video
• 27:02
  platform on the planet? No, no it's not.
• 27:06
  It's YouTube. So by saying that it's on the
• 27:08
  it's all on the Internet, it's all the same thing.
• 27:10
  That's insanity. Like 80% of the people on the
• 27:14
  planet use Google to search. Not Bing, not Yahoo.
• 27:18
  So just because they have this one aspect that that is similar,
• 27:22
  that is the same that is done on the screen, doesn't mean that
• 27:24
  it's the same thing. And that confusion is, I think
• 27:30
  it's something that people will start to see through here pretty
• 27:32
  soon. I can agree more.
• 27:34
  Yeah, 100%. I think the facade is cracking
• 27:38
  and people are waking up to the reality.
• 27:40
  I say it all the time. Fiat currency is literally the.
• 27:45
  The cartoon of Wiley Coyote and Roadrunner where the coyote is
• 27:49
  off the Cliff and it finally looks down at its feet and
• 27:52
  bitcoiners are the part where you look down at your feet and
• 27:55
  reality's starting to crack down to base reality.
• 28:00
  And we still have people that are doing the psyop.
• 28:03
  Continuing the PR and doing whatever they can to continue
• 28:06
  the game going so that more people don't understand what is
• 28:09
  actually happening. But Bitcoin is truth, Bitcoin is
• 28:11
  reality and more people are waking up to what is reality and
• 28:15
  what is the truth of our of our current situation.
• 28:17
  And you need to wake up to that idea if you want to prosper and
• 28:21
  move forward because they want you to own nothing and be happy.
• 28:24
  And hopefully we will get to that clip in the in the culture,
• 28:28
  but we are running a little late already.
• 28:29
  So let's get into the news, jump in.
• 28:33
  The Daily News. The Daily News is brought to you
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  your Bitcoin. Of course, guys, before we move
• 29:15
  forward in the news, get your ticket to Bitcoin 2024.
• 29:19
  We are taking over Nashville. All the Bitcoiners are going
• 29:23
  down there. I think I heard that the venue
• 29:25
  is going to be like 20,000 people.
• 29:27
  Anyways, that's a year away. But we're telling you to get
• 29:30
  your ticket today because these are the lowest prices and before
• 29:34
  the price raises and you guys complain about the price going
• 29:37
  up. You want to get your ticket
• 29:38
  today, so next year, July 25th through 27/20/24, we are taking
• 29:43
  over Nashville. Get your early bird tickets
• 29:44
  today. These are the cheapest, they
• 29:46
  will be moving forward and do not sleep on getting your ticket
• 29:51
  because I know you guys are going to foam while you're going
• 29:53
  to start yelling at us about the price rising.
• 29:55
  Anyways, general admission is 299, industry pass is $749 and
• 30:00
  if you're a whale. The Whale passes 4499 and if you
• 30:04
  use the code simply you can get a discount.
• 30:07
  So get them today guys, so that you can come hang out with us so
• 30:11
  that we can all hang out at a Bitcoin mega trip.
• 30:14
  This year is going to be in Nashville.
• 30:16
  It's where all the awesome fun bitcoiners will be anyways.
• 30:20
  Doubt what do you have for us today?
• 30:22
  In the news we're covering this whole, RFK Junior announces Bold
• 30:27
  plan to back. Dollar with Bitcoin and end
• 30:30
  Bitcoin taxes. So here he was speaking at a
• 30:33
  Heal the Divide Pack event. Democratic presidential
• 30:36
  candidate Robert F Kennedy Junior outlined specific Bitcoin
• 30:40
  focused policies that he would enact as president, including
• 30:44
  gradually backing the US dollar with Bitcoin and making Bitcoin
• 30:46
  profits exempt from capital gains tax.
• 30:49
  That one's huge right there, he says.
• 30:51
  My plan would be to start very, very small, perhaps 1% of issued
• 30:55
  T-bills, Treasury bills. Would be backed by hard
• 30:57
  currency, by gold, silver, platinum or Bitcoin, Kennedy
• 31:00
  said, describing his vision for returning to a hard currency
• 31:03
  standard in the US. He added that depending on the
• 31:06
  outcome of that initial step, you would increase that
• 31:09
  allocation annually. And I think we all know how the
• 31:12
  how that would go with the allocation to hard money.
• 31:15
  I don't think it would go well. It would, it would go well.
• 31:18
  I don't think it would go back. Backing dollars and U.S. debt
• 31:21
  obligations with hard assets could help restore strength.
• 31:25
  Back to the dollar, rein in inflation and usher in a new era
• 31:29
  of American financial stability, peace and prosperity, he
• 31:31
  declared. And I think there was one more
• 31:33
  bit down here. Yeah, Kennedy steadfast
• 31:36
  conviction in Bitcoin signals a coming political paradigm shift
• 31:39
  where Bitcoin is not seen not just as an asset correct, but as
• 31:45
  a prudent policy tool to ensure the fund the nation's fiscal
• 31:49
  longevity as it and an opportunity to attract
• 31:52
  intellectual capital to US shores.
• 31:53
  And this part right here as a prudent policy tool to ensure
• 31:56
  the nation's physical that's something that Saylor has talked
• 31:59
  about a lot. He has said that he he I don't
• 32:02
  know that I've heard him talk about this so much on in the
• 32:04
  scale of nation states. I think he's mentioned it here
• 32:06
  and there but he's definitely said it in terms of businesses
• 32:09
  and he's get says that if you don't have Bitcoin some
• 32:13
  allocation then you are what's the term something like in
• 32:19
  fiduciary. Like, like you're you're you're
• 32:22
  not doing well by your by your investors if you're taking all
• 32:27
  of this investor money, people go, hey we believe in this
• 32:30
  company Company 123 doesn't matter what it is and what
• 32:33
  you're doing with that that belief in this you're you're
• 32:35
  taking our money to that your investments in this money and
• 32:39
  then you're putting it in fidget spinners.
• 32:42
  Well then people are going to go whoa, whoa, whoa, hang on Board
• 32:44
  of directors and all the investors are going to be, I'm
• 32:46
  sorry, you're doing what you're investing in fidget spinners.
• 32:49
  Years 2023, maybe. Maybe.
• 32:52
  Maybe that made sense. And whenever those were a thing.
• 32:55
  20/15/2016 for a hot minute there and then get out real
• 32:58
  quick. Possibly.
• 32:59
  But that's not a real good idea for a longterm strategy.
• 33:03
  So let's go from fidget spinners on one end of the extreme.
• 33:07
  Probably not that that's a really bad idea, but maybe doing
• 33:10
  something like real estate, that's why companies black rocks
• 33:13
  of the world. Have so much sway.
• 33:16
  They they know what they're doing when it comes to assets
• 33:18
  under management and the assets under management that they have
• 33:21
  by a large degree from what I understand from what I've seen
• 33:24
  is, is real estate. They have things that actually
• 33:29
  appreciate and value, things that are that take time gold,
• 33:33
  probably some equity, different things, different companies that
• 33:36
  they're invested in, but not fidget spinners.
• 33:38
  That's the point here. And so on the other end of the,
• 33:41
  that's kind of the middle realm you you, you take some hope you
• 33:44
  you you put some money into real estate.
• 33:46
  You hope that these different companies that you invest in are
• 33:48
  going to do well. But if you have something like
• 33:50
  Bitcoin then you know it's going up in value because it can't be
• 33:55
  inflated it that so it's just you're just going to see more
• 33:59
  companies do this put some portion they're going to go,
• 34:02
  hey. Let's try 1% and then they'll
• 34:04
  see what micro strategy has done and go, OK, well, maybe maybe
• 34:07
  1%. That's played out really well.
• 34:09
  It's done better than everything else that we're invested in.
• 34:11
  Why don't we bump that up to 5%? And if more and more businesses,
• 34:15
  companies and countries do this, see what El Salvador is doing,
• 34:19
  then they'll, I think it will be slow.
• 34:22
  People constantly say slowly, then suddenly and you hear
• 34:26
  people saying how we don't want this shift to a Bitcoin standard
• 34:30
  to happen too fast. I think it'll happen faster than
• 34:33
  people anticipate. I think it really will be a
• 34:36
  slowly then suddenly thing. I think it will almost be like
• 34:39
  waking up one day and it'll be a different world.
• 34:43
  It'll be sort of like 911 where there was pre 911 and then you
• 34:49
  went to, you went to sleep on 91099 whatever that year and it
• 34:53
  was life as usual is just here we go is back to a normal day,
• 34:57
  go to school and then you woke up on 9/11.
• 35:00
  And you knew that things were different.
• 35:01
  Nothing like this in your lifetime had ever happened.
• 35:04
  The closest thing that we had had like that was Pearl Harbor.
• 35:06
  And I don't think most people here, I certainly wasn't alive
• 35:09
  for that. And so here, this instantaneous
• 35:13
  shift happened where, oh, this is different.
• 35:16
  We're we're in a different world now.
• 35:17
  It's like like we just got bumped over into the the side
• 35:21
  universe where this wasn't supposed to happen.
• 35:23
  Something went wrong. And now we're dealing with the
• 35:26
  repercussions of this. And it wasn't just some planes
• 35:29
  and some some people's lives lost.
• 35:31
  Not to say that that anything less of that, just that wasn't
• 35:34
  that the real big take away, the real big take away from all of
• 35:37
  that was the complete control the government enacted all over
• 35:41
  the place. And we feel that still to this
• 35:44
  day and it's more and more control, control, control.
• 35:47
  So we live in this completely different world is my point
• 35:49
  here. And I think the same thing will
• 35:50
  happen with Bitcoin. It it's just little things here
• 35:53
  and there. Like terrorist attacks and
• 35:55
  different problems around the world aren't weren't new before.
• 35:58
  9/11 was like it wasn't the first one ever.
• 36:00
  There were small things that happened, but that was a really
• 36:02
  big one that was a big, a large scale event.
• 36:05
  And I think what might happen is that you see other small
• 36:07
  countries, other small things, this country, that country.
• 36:10
  But then all of a sudden maybe the bricks they go this gold
• 36:14
  thing. We tried it for a little while,
• 36:16
  it wasn't working out it it was pretty good but.
• 36:20
  Instead of that, we've seen what El Salvador is doing, we've seen
• 36:23
  what, say, Sri Lanka is doing, We've seen what Morocco is
• 36:28
  doing, different small countries.
• 36:29
  They're all getting on Bitcoin standards.
• 36:31
  They're all using as legal tender, Let's try it.
• 36:36
  And then bricks goes, let's not back our currency, whatever they
• 36:39
  calling that currency, whenever that comes out, I think it's
• 36:41
  they're announcing it here in August, like a month from now.
• 36:44
  Instead of gold, let's just go to Bitcoin.
• 36:46
  And then all of a sudden you've got Brazil, you've got Russia,
• 36:49
  you've got all China just into Bitcoin.
• 36:51
  And then the next day you're just going, wait, I'm sorry,
• 36:54
  what? My dollars buy me.
• 36:56
  I'm. I'm sorry, what?
• 36:57
  My entire bank account buys me two peanuts.
• 37:00
  But if I'm on this other one, I mean that.
• 37:04
  What's that? The book that Odell's always
• 37:06
  talking about, The Mandibles. That's kind of what happens in
• 37:09
  that. It's they go, there's this other
• 37:12
  currency, it completely takes the world by storm.
• 37:14
  The dollar goes to nothing and everybody in the country is just
• 37:18
  completely blindsided. And that's why I think doing the
• 37:22
  research, looking into what Bitcoin is, an understanding why
• 37:25
  it is so radically different than anything else, will do you,
• 37:30
  hey, at the very least, at the very, very, very least, it's an
• 37:34
  interesting ride that at the very least it's that.
• 37:38
  All right. You'll learn so much about
• 37:40
  economics and about money and what things are and how the
• 37:42
  world functions than you ever would have doing anything else.
• 37:45
  Investing in some sort of mean coin where, well, the next big
• 37:48
  thing is an event over here and we're all going to wear frog
• 37:50
  hats and dancing fuzzy slippers. Like, what do you learn from
• 37:53
  that, that there's no benefit from, I mean, maybe some good
• 37:56
  memories maybe hang out with some people and it's a good time
• 37:59
  and. You leave the the convention
• 38:01
  hall with some some things that you maybe never get away from.
• 38:05
  You have to start taking the medication.
• 38:06
  But hey, hey, that, whatever. You know, that's that's part of
• 38:09
  the fun, right? You can hang out with your your
• 38:11
  Bros down the Bahamas and get a clown hat.
• 38:14
  Cool. Good for you.
• 38:15
  But if you're on Bitcoin, you'll learn about history.
• 38:18
  You'll learn about people. You'll learn about human
• 38:19
  interaction. You might even buy some
• 38:21
  chickens. You might buy them by a
• 38:22
  homestead. You might live in a different
• 38:24
  place. You might improve your life.
• 38:25
  Maybe. Maybe.
• 38:27
  But the very least, you'll learn some things.
• 38:29
  At the at the at the very, very least you'll learn some useful
• 38:32
  things. I I mean, I I I've always been
• 38:35
  poor. I've always, always been poor.
• 38:37
  So I've had this this conversation with people like
• 38:40
  well what do you do if if Bitcoin doesn't work out for
• 38:42
  you? It's like nothing else was
• 38:44
  working out for me either. I like it's literally no
• 38:47
  different. So I'm fine.
• 38:50
  I'm fine. Like I've learned how to live
• 38:53
  with basically nothing my entire life so.
• 38:57
  I'm a little, I think, smarter, having learned some things about
• 39:00
  economics. So at least I have that.
• 39:02
  I improved my mental state. So that's pretty cool.
• 39:05
  So that's at the very least I have that.
• 39:08
  If I don't get any sort of financial gains from this, if
• 39:11
  I'm no better off financially than I was a year ago, well
• 39:15
  that's the same. And there there was no prospects
• 39:17
  on any horizon of my life whatsoever that was going to
• 39:21
  change that. So maybe Bitcoin works and I
• 39:23
  hope it does and I hope it improves mine and many other
• 39:25
  people's lives, but. If it doesn't, OK, life keeps on
• 39:30
  taking on status quo for me. What's up?
• 39:36
  What's the meme if if Bitcoin fails?
• 39:40
  Well, it's really like a, you know, an iteration of the
• 39:43
  classic one. It's it's not about the end
• 39:45
  destination, it's a journey. It's like a Bitcoin fails.
• 39:48
  At least we made some friends and got a little smarter along
• 39:50
  the way. Obviously I'm trolling what guys
• 39:53
  I see you guys in the chat and you know, first and foremost I
• 39:56
  will echo the sentiment. I do not trust politicians.
• 39:59
  I I I've said that so many times on the show.
• 40:02
  And until politicians give me proof of work, everything they
• 40:06
  say is just lip service. And I think, you know, hey, I
• 40:09
  don't know Rfk's intentions, It does seem like he is
• 40:13
  well-intentioned. It does seem like he might
• 40:15
  actually believe what he's saying.
• 40:18
  Again, he's a politician, so it just seems like maybe he is
• 40:22
  providing lip service to an untapped voting market, which is
• 40:27
  all of us bitcoiners. And there's a lot of Bitcoiners
• 40:29
  out there that talk about like, being a single issue voter.
• 40:32
  I I personally am not that way. Just because you talk about
• 40:35
  Bitcoin doesn't mean that you have my vote again.
• 40:38
  I haven't voted. I voted one time and I felt like
• 40:41
  I got duped and I'm not voting again until I believe in someone
• 40:44
  that is actually going to do some good, which is farfetched
• 40:47
  anyways. Doubling down on kind of what
• 40:52
  RFK was saying, or rather being a little more cynical.
• 40:56
  Look, I'm not here to fix the US dollar.
• 40:59
  Like I'm not here to have Bitcoin back the dollar.
• 41:01
  I think the dollar is the very reason why we have the military
• 41:06
  industrial complex. It is the ills of the world.
• 41:08
  Fiat money itself in general is why we are able to have
• 41:12
  perpetual war. And of course, the dollar is why
• 41:16
  America has become poorer. I don't know if you guys know
• 41:19
  the numbers. Actually, you will know the
• 41:21
  numbers in a minute, because I'm gonna cover them.
• 41:23
  We are in $32 trillion of debt. I don't think you understand how
• 41:28
  much trillions is. It's a huge number.
• 41:30
  There's no way we can ever pay our way out of this debt, which
• 41:33
  is something we always talk about, like there's no way to
• 41:35
  fix the system from within the system like this.
• 41:39
  This idea. I fully don't understand what
• 41:42
  what he is saying when he's saying we're gonna back the US
• 41:46
  dollar with Bitcoin. I don't even think he fully
• 41:48
  understands what he's saying. It might just be a good lip
• 41:50
  service. Because I I think we've talked
• 41:53
  about it in the past and a lot, lot smarter bitcoiners than I
• 41:55
  have talked about it in the past.
• 41:57
  It's the idea of if you try to bring the dollar back onto a
• 42:00
  hard money standard, you're gonna blow up more shit than you
• 42:03
  can fix. And I I, you know, correct me if
• 42:06
  I'm wrong, I'm pretty sure putting the dollar on Bitcoin
• 42:10
  will probably do the same thing. And again.
• 42:12
  Talking about stable coins and pegs, we all know that they
• 42:15
  always get unpegged anyways. I do understand the idea of
• 42:18
  putting Bitcoin on the balance sheet.
• 42:20
  I I think that would be beneficial for America.
• 42:23
  So if that's what he's meaning then you know, I I can see how
• 42:26
  that might work but you do not fit the new system within the
• 42:30
  old system to fix the old system like that.
• 42:32
  It just it's it's back to the Hyatt quote.
• 42:35
  You know to fix the system you need to create a sly roundabout
• 42:38
  way. And that's what Bitcoin is.
• 42:40
  You build a parallel system and it out competes the old system
• 42:43
  and then you people, you know, take a step on to the new
• 42:46
  system. Anyways, I think the real signal
• 42:49
  here. Is kind of what you touched on
• 42:51
  in the very beginning, Dell, it's it's the elimination of
• 42:55
  capital gains tax that would be absolutely huge for not only all
• 42:59
  of us hogglers but for America in general.
• 43:02
  And that is the sovereign individual thesis playing out in
• 43:05
  real time. So you know he specifically said
• 43:08
  that he would want to out compete other nations like
• 43:10
  Singapore and I forget what the other one was.
• 43:13
  In embracing Bitcoin, eliminating capital gains tax so
• 43:16
  that they can bring in or at least retain their the tech
• 43:21
  innovation of the world. You know, Silicon Valley is
• 43:23
  where all the technology is coming out of.
• 43:26
  Yes, we are devolving into a collectivist state.
• 43:29
  Yes, we might even already be in a Banana Republic.
• 43:31
  But if RFK? Does get elected and he is
• 43:36
  actually able to eliminate tack capital gains tax on Bitcoin.
• 43:40
  That would be absolutely huge because that would be attracting
• 43:44
  all of the tech innovators. Everyone wants to come to
• 43:47
  America. In the first place and now if
• 43:50
  you're a Bitcoin holder, if you are an entrepreneur then, and
• 43:53
  you eliminate the the cap gains, then that would be huge for
• 43:57
  attracting the best businesses and entrepreneurs in the world
• 44:01
  to America. And that's how America will
• 44:03
  maintain its position around the world is by attracting
• 44:05
  entrepreneurs and not just stealing from them and taxing
• 44:09
  them more, it is incentivizing them to come here and build the
• 44:12
  businesses here, build the production here so that we can
• 44:15
  continue to or rather to return to.
• 44:18
  You know, 1950s type glory days that everyone's talking about
• 44:22
  like that is how we maintain our position is by incentivizing
• 44:27
  entrepreneurs to come to America and build.
• 44:30
  Again. I'm a skeptical bitcoiner.
• 44:32
  I don't trust politicians until they have shown us proof of
• 44:35
  work. Until then I will side or err on
• 44:38
  the side of this just being lip service.
• 44:41
  But only time will tell I think though.
• 44:45
  The other signal here is the idea that we started the show on
• 44:49
  and that we've been hitting on constantly is the idea of
• 44:52
  shifting the Overton window and it's slowly but surely getting
• 44:56
  inch to the Bitcoin signal. And I think this is part of
• 44:59
  what's going on. Whether he wins presidential
• 45:02
  elections, whether you like him or not, he is talking about
• 45:06
  Bitcoin and now the Bitcoin conversation is happening at the
• 45:09
  highest levels of, you know, public discourse.
• 45:12
  Like to me that is a win like this is a win in and of its.
• 45:15
  Itself just by the conversation being had and I think this is
• 45:19
  moving the timeline up of Bitcoin being a defining
• 45:22
  election hot topic. Like I I think I was saying that
• 45:26
  it's probably going to be like 2028 where Bitcoin is like D
• 45:28
  defining presidential or election topic.
• 45:32
  It's almost seeming like next year it might it might be one of
• 45:36
  those defining topics. Of course there's not I don't
• 45:39
  think there's enough bitcoins out there yet to fully shift the
• 45:43
  the presidential. Vote count.
• 45:46
  But again, there's a lot of bitcoiners that are single issue
• 45:49
  voters and I forget what bill it was.
• 45:52
  It was mine of infrastructure bill last year what have you.
• 45:56
  There was a senator who it might have been Cynthia Lummis and she
• 46:01
  said that when bitcoiners organize, they are the biggest
• 46:05
  voting bloc. Period.
• 46:07
  There is no other voting bloc out there as aggressive, as
• 46:11
  principled, as vocal, as Bitcoiners.
• 46:15
  And I think there is. There's a shining light in that
• 46:19
  and and I think that might be, again, being cynical.
• 46:22
  I think that might be one of the reasons why RFK and his, you
• 46:26
  know, the the Kennedy team. Is talking about Bitcoin in such
• 46:31
  positive light? Because there's so many of us
• 46:33
  young, disenfranchised people, they're seeing both sides of the
• 46:36
  aisle and we're like, you guys are all fucking crazy and we
• 46:40
  need something different. We need new ideas.
• 46:44
  And I think he's tapping into that.
• 46:47
  Whether he believes in it completely, you know, the the.
• 46:51
  Positive, optimistic side of me. Maybe the naive optimistic side
• 46:55
  of me would like to believe that he does again.
• 46:57
  He's got that, he's got the good last name.
• 47:00
  He's got the very, for lack of better terms, the American
• 47:04
  royalty vibe to him. And it does seem like he wants
• 47:07
  American excellence and so. In that note I would love for
• 47:12
  him to actually be a full bitcoiner.
• 47:14
  Like as as orange pelt as we are.
• 47:17
  We do know he holds some Bitcoin.
• 47:18
  We do know he he seems to believe in Bitcoin.
• 47:21
  And one of the things that he did say in that article was the
• 47:23
  idea of a free speech money. You know if again politicians
• 47:28
  are good at creating good stories.
• 47:30
  If we believe his story on the surface, again I'm just being
• 47:34
  skeptical here he got orange pill because of the freedom
• 47:37
  convoy about a currency that. Can be stopped, that can be
• 47:42
  censored and he seems to be a free speech maxi.
• 47:46
  And again, just taking all these points on the surface level
• 47:50
  without getting conspiratorial, it does seem like he does
• 47:53
  believe in free speech money and understand where we're going and
• 47:56
  how dangerous and nefarious CBDC central bank digital control
• 48:01
  mechanism is and on that surface, being optimistic.
• 48:05
  I do think that he might actually be a bit corner.
• 48:08
  Again, I'm just skeptical of politicians because I have PTSD
• 48:11
  and we've been hurt for so long by politicians that I just can't
• 48:13
  trust them until they show me that they are what they say they
• 48:16
  are. Until that point, I am just
• 48:18
  skeptical of their incentives and who's lobbying them and what
• 48:21
  their purpose are. And I I think that's healthy.
• 48:23
  I think it's healthy to try to look at what the incentives are,
• 48:27
  what he gets out of it, and and what he's trying to do.
• 48:30
  But. Again, the Overton window has
• 48:33
  shifted. It's constantly being talked
• 48:35
  about corporate press. Now it's being talked about in
• 48:37
  presidential elections. This is a huge win for
• 48:39
  Bitcoiners just because the conversation is being started
• 48:43
  and what the elections a year away now I think it's going to
• 48:47
  get kicked into OverDrive and Bitcoiners.
• 48:53
  We're going to be the belle of the ball.
• 48:54
  They're going to be talking about us.
• 48:55
  They're going to be coming to us and trying to have these
• 48:56
  conversations tap into our brains and understand why we do
• 48:59
  what we do. And I think that is absolutely
• 49:01
  bullish. I don't know, doubt I ranted for
• 49:04
  a minute. Do you want to chime in here or
• 49:05
  do you want to move on to the culture and we can rant on
• 49:07
  basically the same topic? No I there's you made two really
• 49:12
  stand up points there that I want to bounce off for a second.
• 49:14
  So First off 100% what you said about the the main thing here.
• 49:19
  The biggest take away the signal amid everything else of if
• 49:22
  everything else is annoyed is that the conversation is being
• 49:24
  had at all. That that Bitcoin is being said
• 49:27
  in the mouths of people like RFK in these big time that it's
• 49:32
  being spread. People are hearing the word
• 49:33
  Bitcoin, they're not hearing. Shit coin, they're not hearing
• 49:36
  this. They're not hearing where a frog
• 49:38
  had. They're hearing Bitcoin and
• 49:39
  people are going okay. People are starting to make the
• 49:42
  connection. They're seeing that video that
• 49:43
  you shared the other day. I think it was either a short or
• 49:45
  a TikTok where the guy is saying we the average person today,
• 49:48
  makes less money in the lowest point in the history of the
• 49:51
  United States during the the depths of the Great Depression.
• 49:54
  People are making more money than now.
• 49:55
  So people are going okay. There's clearly a problem with
• 49:59
  money. And this guy here on the YouTube
• 50:02
  short, he's he's articulating something that a lot of people
• 50:05
  have just felt. They don't really understand it.
• 50:07
  A lot of people, they just know, huh.
• 50:09
  When I go to the store, this bag of groceries used to cost me 50
• 50:13
  bucks, which I know. What how much I made then is
• 50:16
  about the same as I made now. But now the same bag of
• 50:19
  groceries basically, maybe even a little bit lighter, cost me
• 50:22
  $120.00. So it's gone up more than
• 50:24
  double. Then the politicians are telling
• 50:26
  me that the inflation is really good at only X amount percent.
• 50:30
  But that's not reflected in what I'm seeing here.
• 50:33
  And I remember just a few years ago, gas was only three bucks
• 50:36
  and now it's nearly $6 in some places.
• 50:39
  Something doesn't add up here. And so you have all of that
• 50:42
  going on, and then you hear politicians mentioning Bitcoin
• 50:45
  in the same breath. So I don't think that Bitcoin
• 50:48
  will be a center of the stage topic for the 2024 election.
• 50:53
  I could definitely see it being the case in 2028, but I think
• 50:56
  what will be a very large focal point is the economy, people's
• 51:01
  paychecks, people living, people feeling poor and worse off than
• 51:04
  ever before in all of human, not human history, American history,
• 51:09
  like things are at an absolute breaking point and people are
• 51:13
  going, I can barely afford to live in this nothing apartment
• 51:17
  that I'm in. I can, I this is, this is.
• 51:19
  I I can't do this I I'm basically homeless this is this
• 51:23
  is impossible to do so that the conversation is happening is the
• 51:26
  biggest thing there. And the second point is that
• 51:30
  maybe in in 2028 it will be a big point people will go that'll
• 51:34
  be another four years that'll be after the having will be coming
• 51:37
  up on that'll that'll be right around the next having the the
• 51:41
  going into the six epoch. So it's things that will are are
• 51:45
  primed to be super crazy. In the next, maybe not this
• 51:49
  election cycle, it'll be interesting.
• 51:51
  This one will be definitely interesting.
• 51:52
  But I think the 2028 one will be, yeah, I think that'll be a
• 51:58
  real game changer for Bitcoin. 2020 eight's gonna be late
• 52:03
  anyways. Let's get the culture cuz we are
• 52:04
  running late and I know Dell and I are going to ramp pretty good
• 52:07
  on this one. So let's get into this, the
• 52:12
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• 52:38
  into our rant and the culture, we want to talk about Pacific
• 52:41
  Bitcoin Festival October 5th through 6th this year in Los
• 52:45
  Angeles. If you're on the West Coast, you
• 52:46
  can't make it to the East Coast or the other conferences.
• 52:49
  Show up to Pacific Bitcoin Festival.
• 52:51
  It's gonna be awesome in LA. It's in October.
• 52:53
  I don't know if you guys have ever been to the West Coast in
• 52:55
  October, but that's personally my favorite time of the year.
• 52:58
  I think it's the it's the real summer if you're over there.
• 53:00
  If you're a W coaster. Anyways, get your tickets today
• 53:03
  guys. Again, the prices are rising.
• 53:05
  We want to see you out there and this is the best time to get
• 53:08
  your tickets. So general is 550, VIP tickets
• 53:10
  is $2800 and you can use the code promo code simply.
• 53:15
  And get a discount. So come hang out with us.
• 53:18
  We wanna see you. Anyways, today's conversation is
• 53:25
  about shifting the Overton window and I'm constantly
• 53:31
  seeing. More and more conversation in
• 53:35
  regards to shifting that Overton window, whether it's Joe on
• 53:39
  Squawk Box, whether it's RFK as a presidential candidate talking
• 53:44
  about Bitcoin eliminating tax gains, you know, whether it's
• 53:48
  seeing just Bitcoin logos in movies.
• 53:52
  We are. We have crossed the Rubicon into
• 53:54
  mainstream consciousness and again, like we just talked
• 53:58
  about. It's about shifting the
• 54:00
  conversation, asking the right questions.
• 54:02
  You know, why are why is inflation going up?
• 54:05
  But what is the root cause of inflation?
• 54:07
  You know, why am I poor? What is money?
• 54:10
  You know what? Wait, the Federal Reserve can
• 54:12
  just print money out of thin air?
• 54:14
  What is going on here? How is this thing the status
• 54:17
  quo? And like I keep saying.
• 54:20
  It seems like bitcoiners were the only ones having these
• 54:23
  conversations, and now we're having some of the biggest
• 54:26
  celebrities talking heads in the world asked the same questions
• 54:29
  that we asked that are they're having the same conversations
• 54:32
  that we do. They're basically sounding like
• 54:35
  bitcoiners in their podcast, just how we used to sound in our
• 54:38
  podcast, and it seems like the delay between what popular
• 54:43
  culture believes and what bitcoiners are talking about is
• 54:45
  starting to dwindle down. And it's just the the rapid.
• 54:51
  Quickness of information is starting to saturate all of the
• 54:55
  world and everyone is asking the same question.
• 54:57
  People are feeling the pain and they're waking up to what is
• 54:59
  going on. Do they understand what the
• 55:02
  solution is yet? No.
• 55:03
  That's why you need to go out there and continue to wake
• 55:06
  people up. That's why we do what we do is
• 55:08
  to try to frame everything in the light of Bitcoin.
• 55:12
  We know the problems, or rather, this is what we're seeing.
• 55:15
  These are the problems we see, and this is what we think is the
• 55:18
  solution, which is simply Bitcoin anyways we got.
• 55:20
  This video here of Jon Stewart and he's talking to Kansas City,
• 55:24
  I think it's a president of the of the Federal Reserve.
• 55:28
  It'll show it here. And he is asking the same things
• 55:32
  that we always ask. Wait, it seems like Fiat money,
• 55:35
  literally Fiat meaning by decree, is all fugazi.
• 55:38
  It seems like it's fake. It seems like you create this
• 55:40
  out of thin air and they're agreeing to this and it's just
• 55:43
  absolute madness. Let's just let's watch this
• 55:45
  video real quick and you know, say what you want about Jon
• 55:49
  Stewart. I used to be a huge fan of John.
• 55:50
  It seems like he went left and then he was coming back, right?
• 55:53
  I don't know, maybe he's just had enough and he's waking up to
• 55:56
  to the scam that is the modern world, but he sounds like a
• 56:00
  Bitcoin and he's he's just this close man.
• 56:02
  The Overton window is shifting so much that these conversations
• 56:05
  are happening by people that probably wouldn't even have
• 56:08
  thought about this few years ago.
• 56:10
  But anyways, let's watch this video.
• 56:12
  That has been sort of created out of thin air has been added
• 56:16
  in this economy through the. What would you put as a figure,
• 56:20
  would it be 6 trillion? Is that too much?
• 56:23
  It would be you know 6 trillion in in terms of deposits with the
• 56:27
  banks and currency 67. OK, that they're that they're
• 56:31
  just injecting into it sort of out of nothing.
• 56:35
  Out of nothing. They're the Bank of the United
• 56:38
  States. No.
• 56:39
  My God. It's just another form of
• 56:41
  government debt. Am I making sense it, you know
• 56:44
  it makes sense in the make believe world of.
• 56:48
  Conjuring like there is a certain part of this that all
• 56:52
  feels like a mirage to some extent.
• 56:55
  Do you know what I mean? It it all seems sort of faith.
• 56:57
  Well, it it is, it's it's a fiduciary system.
• 57:00
  It's all faith-based. Oh, my Lord, Yes, you got to
• 57:07
  have confidence in that currency in that dollar because there's
• 57:11
  nothing back and there's no gold backing.
• 57:13
  So it's it's in some ways it's a mass delusion.
• 57:19
  Incredible. Incredible.
• 57:21
  I mean, guys did. Was that not a conversation that
• 57:24
  bitcoiners have been having? Is this not something that we
• 57:26
  talk about here all the time about how fake Fiat money is,
• 57:30
  how it's trust based, how it's literally, you know, they call
• 57:35
  us bitcoiners mass psychosis or you know, a shared delusion?
• 57:39
  But is that not what the Fiat world is?
• 57:42
  And again, I I keep referencing this line here, so maybe, maybe
• 57:46
  I'm beating a dead horse here guys.
• 57:47
  But remember what is said in the white paper, it it's literally
• 57:53
  what they just talked about and I have it highlighted here for
• 57:57
  you guys. Again, this is the white paper,
• 57:59
  the second paragraph and he goes.
• 58:01
  What is needed is an electronic payment system based on
• 58:04
  cryptographic proof instead of trust, allowing any 2 willing
• 58:08
  parties to transact directly with each other without the need
• 58:11
  for a trusted third party. Transactions that are
• 58:13
  computationally impractical to reverse would protect sellers
• 58:16
  from fraud and routine escrow Mechanisms could also be
• 58:19
  implemented to protect buyers. In this paper we propose a
• 58:22
  solution to the double spending problem using a peer-to-peer
• 58:25
  distributed timestamp server to generate computational proof the
• 58:28
  chronological order of transaction guys.
• 58:31
  The Fiat system is based on trust.
• 58:33
  And as you can tell and maybe I will have time to, maybe not I
• 58:38
  we're running a little late, but that that you've already clipped
• 58:42
  that Dell brought up earlier. Maybe I'll play it tomorrow if I
• 58:45
  get a chance. It shows exactly what we're
• 58:48
  talking about. People think that they can just
• 58:50
  create a better story and people will follow along because you
• 58:54
  know, hey, anything can be money, a paper's money than
• 58:57
  anything can be money. Like, what's the difference
• 58:59
  here? And you can even see in real
• 59:02
  time Jon Stewart's head explode when he basically says that it's
• 59:05
  all fake and they can continue to just create more money.
• 59:08
  And it's, you know, it's makes sense in this, like everything
• 59:11
  is fake kind of way. And remember last week when I
• 59:15
  showed you how many trillions are being printed and how long
• 59:17
  it took them to make trillions? We'll remember in the last month
• 59:21
  they literally created a trillion dollars out of thin
• 59:24
  air. Does that show signs of a
• 59:27
  healthy system, the fact that they're printing more and more?
• 59:30
  Money at an ever quickening speed.
• 59:32
  To me it seems like they are. Oh, can't see this, can't see
• 59:36
  this. Hold on, Remember this guys.
• 59:40
  U.S. National debt has now increased
• 59:43
  by over $1 trillion since the debt ceiling was suspended last
• 59:46
  month. In 30 days they printed a
• 59:48
  trillion dollars. And then again, here is how long
• 59:52
  it took them to print their first.
• 59:55
  Trillion 195 years and the debt is just speeding up.
• 59:59
  And the 30 trillion took six months, the 32nd took one month.
• 1:00:04
  And now there is no debt ceiling again.
• 1:00:07
  Maybe I'll, I'll play you this video for tomorrow.
• 1:00:10
  But there's been a theme today on the show.
• 1:00:13
  And it's the idea that people believe that you can just tell a
• 1:00:16
  story and you know, as long as the story is good enough that we
• 1:00:19
  can make it money, and as long as enough people believe in it,
• 1:00:22
  it'll be money. Well.
• 1:00:25
  That's not the case. There is very real monetary
• 1:00:28
  properties that people will coalesce to, and this is what
• 1:00:31
  will become money. In a truly free market, which
• 1:00:34
  Bitcoin is, people make up their own mind.
• 1:00:36
  They see the properties of money, and then they make that
• 1:00:39
  choice and they start to save in what they think is the best
• 1:00:42
  money in the world. And again, here's Hoddle's
• 1:00:44
  tweet, and maybe I'll play this video and we can rent on it
• 1:00:46
  tomorrow, but we're running out of time.
• 1:00:48
  A Hoddle goes clear to me that Harare and the World Economic
• 1:00:51
  Forum and the corporate press ilk think they can compete with
• 1:00:55
  Bitcoin by copying its cryptography and telling a
• 1:00:57
  better story. Their story?
• 1:00:59
  Live in a pot. Eat bugs, Subjugate yourself.
• 1:01:01
  A story so unpleasant, unpleasant it will only be
• 1:01:04
  repeated under duress at the barrel of a gun.
• 1:01:06
  Our story. Live freely, trade freely, live
• 1:01:09
  a life of significance on the fruits of your labor, and bow to
• 1:01:12
  NO1A story so beautiful. People would defend it with
• 1:01:14
  their lives. A story that's as American as
• 1:01:18
  apple pie. Oh, you can't see it over here.
• 1:01:20
  My apologies, guys, but this is the point of this, the
• 1:01:25
  conversation here. It is not just a story about
• 1:01:27
  what money can be money, It's a story of what is the best money
• 1:01:32
  filling, fulfilling the properties of money.
• 1:01:34
  Again, hard cap, fungible, divisible, being able to be
• 1:01:39
  stored and through time and space.
• 1:01:42
  All the things that Bitcoin has improved on Fiat money, on gold,
• 1:01:45
  on seashells, on all that stuff they can try to gaslight and
• 1:01:49
  siop you into believing, oh, it's just a shared delusion.
• 1:01:52
  Remember a couple years ago is when they're saying like, oh,
• 1:01:54
  money is just a shared delusion. It's like, no, there's very real
• 1:01:57
  properties of money and This is why people use certain monies.
• 1:02:00
  As long as there is no threat of violence by a monopoly, AKA
• 1:02:05
  estate telling you what money is, people will coalesce on the
• 1:02:08
  best money. And in my opinion.
• 1:02:11
  That is Bitcoin anyways, though I ranch it enough.
• 1:02:13
  What's your thoughts on all this?
• 1:02:16
  If there's one thing that I claim to have any expertise in,
• 1:02:20
  it's storytelling that that is the my number one love and life.
• 1:02:24
  That is the single complete sentence that I have on my
• 1:02:27
  Twitter profile. Here is I'm a storyteller.
• 1:02:30
  I can tell you why a movie sucks.
• 1:02:31
  I can tell you why a book sucks. I can tell you why a book is
• 1:02:33
  good. I can tell you why The Hobbit is
• 1:02:35
  an absolute masterpiece. And Isaac Asimov's The
• 1:02:37
  Foundation is dog shit. I can tell you all of these
• 1:02:39
  things, and I know exactly why. I can articulate exactly why
• 1:02:42
  that's the case. As you were talking about this
• 1:02:44
  and hearing all this about storytelling, the idea that came
• 1:02:47
  to mind was kind of an analogy. You can tell me if this
• 1:02:49
  resonates or not. The money that we've had is like
• 1:02:53
  a stage play. And it there's no cost to change
• 1:02:56
  the costumes. There's all sorts of costumes
• 1:02:58
  back there. There's people can do
• 1:03:00
  Shakespeare one minute they could do Romeo and Juliet.
• 1:03:03
  They could do Hamlet, they can do Wicked.
• 1:03:05
  The the stage is the stage and you can go to the the stage.
• 1:03:08
  It's it's the Broadway 123 stage and any number of shows can be
• 1:03:13
  played there. There's no cost.
• 1:03:14
  It's just. And they the one day the actors
• 1:03:16
  are saying these lines and, oh, I'm John.
• 1:03:18
  And the next day it's oh, I'm Tabitha.
• 1:03:20
  And the next day it's I'm this and it's cats and it's whatever.
• 1:03:23
  And the people that go and participate in that story,
• 1:03:27
  you're swept up in it and you believe it and you're you're
• 1:03:29
  there. You're going there to be to be
• 1:03:31
  enraptured by the story you you set.
• 1:03:33
  You suspend your disbelief for the moment and you you get the
• 1:03:36
  sucked into the story. Some stories of move you and
• 1:03:39
  you're like, Oh my God. And you cry and they really
• 1:03:41
  stick with you. And other ones.
• 1:03:42
  Yeah. This is that wasn't all that
• 1:03:43
  great. And then other ones.
• 1:03:45
  They they make you think you're like, man, that was a really
• 1:03:46
  good story. It makes you ponder.
• 1:03:48
  But the stories don't cost anything.
• 1:03:50
  It it. These are all the different
• 1:03:51
  monies, all the different stories.
• 1:03:52
  Different countries have their own different stories.
• 1:03:54
  And Bitcoiners come along and they go, hang on, wait a second,
• 1:03:57
  hang on everybody. I just noticed that all of these
• 1:04:01
  stories, they're they're being told on a stage.
• 1:04:05
  I I I was looking around and I found some wood here and I
• 1:04:10
  knocked it with my hands and it's it's real, no like.
• 1:04:14
  And it doesn't change. Like I can feel it here.
• 1:04:17
  And as I keep on looking there's more and and my mathematical
• 1:04:23
  thesis, given everything that I've seen given where the money
• 1:04:26
  has gone in the constraints, I know exactly how much stage
• 1:04:30
  there will ever be. I also know the dimensions of
• 1:04:34
  this entire theater and we only see a little bit of it right
• 1:04:37
  now. Actually.
• 1:04:38
  We see about. I think there's only 7.5% left
• 1:04:41
  to be discovered right now, but I know that to be the case
• 1:04:45
  because it's math and math and every other situation has been
• 1:04:49
  correct. So this has to be correct
• 1:04:52
  because if it's not correct, then nothing about reality is
• 1:04:54
  correct. So I'm I'm hedging on this being
• 1:04:57
  correct and all of these stories that we've been seeing, that's
• 1:05:01
  the fiction. And it just changes that.
• 1:05:03
  It changes all the time that there were, there were cats
• 1:05:05
  yesterday and now it's a soldier today.
• 1:05:07
  And then it was some weird animals the other day.
• 1:05:10
  Like it's it was Bob and Janice and Tabitha and Othello and and
• 1:05:14
  and Hamlet. Like, it's always changing.
• 1:05:16
  I I don't really know what to expect.
• 1:05:18
  But there's this other stuff. There's wood down here.
• 1:05:21
  I think we should be paying attention to the wood.
• 1:05:23
  Maybe. Maybe the stage itself is what
• 1:05:26
  we should be paying attention to.
• 1:05:27
  And that's what Bitcoin is doing.
• 1:05:28
  They're going, hey, hey, all of the stories.
• 1:05:31
  That's noise. What if we pay attention to the
• 1:05:34
  theater itself and we base everything on that?
• 1:05:38
  And that's unchanging. That will never change.
• 1:05:40
  That is what it is. And that theater, if you, if you
• 1:05:43
  zoom out, is reality itself. And that's what bitcoiners are
• 1:05:46
  saying. Maybe we should use that as
• 1:05:48
  money. Maybe we should use the
• 1:05:49
  foundation of what is. As the foundation of what we
• 1:05:53
  transact with, maybe. Maybe we try that as opposed to
• 1:05:55
  just, well, I want to make up this story and today I've got a
• 1:05:58
  pot on my head and I'm a little teapot.
• 1:06:01
  Like, I guess you could do that. That's fun.
• 1:06:03
  But what if the next day the guy says I'm an elephant and I get
• 1:06:06
  to squash you and I get to sit on you because I'm a big fat
• 1:06:08
  fuck and I just want to do that, OK Oh, that doesn't sound great
• 1:06:12
  for me. That's the story I want to tell.
• 1:06:14
  I don't like that story. So bitcoiners over here saying
• 1:06:17
  we don't really want to tell stories anymore, We just want to
• 1:06:19
  act. In accordance with what's real.
• 1:06:21
  So how about you take your stories and shove it up your
• 1:06:25
  ass? Love it.
• 1:06:31
  Love it. All right, before I go on to the
• 1:06:34
  meme review, we are running a little late, but hey, it is what
• 1:06:36
  it is. You guys.
• 1:06:37
  You guys want the as much simply Bitcoin content as possible.
• 1:06:40
  But. Shouts out to the Orange Pearl
• 1:06:43
  app. Make sure you download this
• 1:06:45
  stack, friends that stack sets. As you can tell, we are going
• 1:06:49
  into peak clown world and you want to be around Bitcoin, or so
• 1:06:53
  you remember that you're not the crazy one, that everyone else is
• 1:06:56
  crazy. If you are the lone Bitcoin or
• 1:06:58
  create a Bitcoin event and maybe there's someone else around, you
• 1:07:02
  go grab a beer. It doesn't have to be an
• 1:07:03
  educational event, you can just go talk to someone that
• 1:07:06
  understands what's going on in the world and gain some of your
• 1:07:10
  sanity back. So download the Orange Pill app
• 1:07:12
  today, stack sets or stack friends who stack sets and it's
• 1:07:16
  all about creating your own personal Bitcoin community.
• 1:07:20
  There is no Bitcoin community. There is small tribes in your
• 1:07:24
  area of like minded individuals and you want other warriors
• 1:07:28
  around you. This is my message.
• 1:07:29
  Anyways, let's get into the meme because I'm sure you guys will
• 1:07:32
  yell at me if I don't get to the memes.
• 1:07:35
  The Daily Meme Review. Brought to you by Kaboom Racks.
• 1:07:40
  I get this question all the time.
• 1:07:41
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• 1:07:43
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• 1:08:01
  Kaboom Racks. Kaboom Rack kaboom.
• 1:08:08
  All right guys, you already know the deal.
• 1:08:09
  This is the meme review. Tag me in memes on Twitter at
• 1:08:13
  Simply Bitcoin TV. Drop memes in our Telegram
• 1:08:17
  group. T dot me slash simply Bitcoin
• 1:08:20
  Or, you know, tag me at Optimist Field.
• 1:08:22
  Whatever you want to do. I will scroll through them all
• 1:08:25
  and try to find some memes that are relevant to what the show is
• 1:08:29
  going to be. Or maybe just some funny ones.
• 1:08:31
  As you can tell, I. I hit a little more on the
• 1:08:35
  relevance today, so this first one is shouts out to American
• 1:08:39
  Hoddle AKA at American Hoddle A on Twitter.
• 1:08:42
  And you know the classic bell curve meme.
• 1:08:46
  You can never go wrong with the Woe Jack Bell curve meme and
• 1:08:49
  this is dunking on the Ben McKenzie meme and even you know
• 1:08:53
  everyone else that is saying it's just a story.
• 1:08:56
  Anyways, we got left side of the bell curve bitcoiner that just
• 1:08:59
  says shared recognition. And then there's the midwit.
• 1:09:03
  Bitcoin is a story and then we got the right side of the of the
• 1:09:06
  Bell curve going shared recognition and as you can see
• 1:09:09
  Magoo doubling down on it shared recognition of hard money
• 1:09:12
  characteristics. There is a very real monetary
• 1:09:15
  properties that make one money better than the other you it's
• 1:09:19
  not just a fiction that you can create unless there is a gun
• 1:09:22
  forcing you to do a K the state. Money has very real properties
• 1:09:28
  and people will individually choose what the best money is
• 1:09:31
  and that is what's going on with Bitcoin.
• 1:09:34
  As I say all the time, the Bitcoin price is a is a real
• 1:09:37
  time metric of people's understanding of what.
• 1:09:40
  Good money is of what makes up a money, aka the money properties.
• 1:09:44
  Maybe I'll do that for tomorrow's culture.
• 1:09:46
  Anyways, this next meme is by the BTC therapist and he goes
• 1:09:50
  the greatest story ever told, Hashtag Bitcoin.
• 1:09:53
  And it is the evolution of money.
• 1:09:55
  First there was barter, then there were seashells, then there
• 1:09:57
  was glass beads and then you know ryestones, and then gold,
• 1:10:00
  and then Fiat, and finally now Bitcoin because it's going up
• 1:10:06
  forever and. What's the second best?
• 1:10:10
  There is no second best. Let's go.
• 1:10:12
  OK, guys. So this next meme is by Wojack
• 1:10:15
  Bitcoin memes or at Wojack Bitcoin, he goes Bitcoin sets
• 1:10:18
  you free. And we got a Chad We just get,
• 1:10:21
  we'll go with just a chat. He's not a fully Bitcoin.
• 1:10:22
  Or yeah, he's Hey, can I open up a big bank account and we got a
• 1:10:25
  Bitcoin or a banker over here and it goes, yeah, just send us
• 1:10:28
  your ID, your proof of address, filled these 4 pages with your
• 1:10:31
  personal details and wait five days for us to verify
• 1:10:33
  everything. Sounds horrible.
• 1:10:35
  And then we got you know the chat asking Bitcoin or you know
• 1:10:39
  Bitcoin it hey hey, what do I need to receive Bitcoin?
• 1:10:42
  Just install Bitcoin wallet and you're done.
• 1:10:45
  It's so much easier. It's so much simpler.
• 1:10:47
  And also you get what, final settlement in 10 minutes or less
• 1:10:49
  and digital money for the digital world.
• 1:10:51
  Anyways, this next meme is by Satoshi's Pet aka at pet
• 1:10:55
  Satoshi, and I didn't really make the connection with that
• 1:11:00
  this meme. Is fitting for the number
• 1:11:03
  segment that we watch today, because shit coiners are
• 1:11:10
  scammers and This is why we push so hard for YouTube is to try to
• 1:11:14
  make a dent in all the shit coin noise on YouTube.
• 1:11:17
  Because we need more Bitcoin only content out there.
• 1:11:20
  Anyways, we got this big fat Cat VC and coming out his ass is a
• 1:11:24
  crypto YouTube channel. And you can see that the Shit
• 1:11:28
  Corn VC is Paradigm and Anderson Horowitz and Pantera and Digital
• 1:11:32
  Currency Group and Master Ventures and Blockchain Capital
• 1:11:35
  and Boost VC and Poly Chain Capital and Galaxy and
• 1:11:37
  Consensus. And coming out his ass is the
• 1:11:41
  YouTube content. And over here is all the shit
• 1:11:44
  coin crypto noobs out there. All the green bitcoiners that
• 1:11:48
  are literally getting dumped on, obviously in the shit coin scent
• 1:11:53
  and their head is a toilet. Unplug from the shit coin scams.
• 1:11:57
  Watch Bitcoin only content. Go Bitcoin only.
• 1:12:00
  This is the way. This is how you protect
• 1:12:02
  yourself. And then shots at the toxic cat
• 1:12:04
  27 always hanging out in our telegram group.
• 1:12:08
  This is the classic little kid running from a gorilla riding a
• 1:12:12
  bicycle meme. And we got Ben Mckenzie's head
• 1:12:15
  here and he's the little kid running away and what is chasing
• 1:12:20
  him. But the gorilla on the bicycle,
• 1:12:21
  which is the Bitcoin standard? Shout out the gel, reading 20
• 1:12:24
  pages of the Bitcoin standard and just thoroughly dunking on
• 1:12:28
  Ben McKenzie. Love to see it.
• 1:12:30
  Absolutely epic, epic memes here and before.
• 1:12:35
  We move on guys. Drop your meme review score in
• 1:12:37
  the chat and I will cover them live.
• 1:12:38
  My meme review score is I'm actually gonna do a curveball
• 1:12:43
  was gonna use my 99 signs. You might be a Bitcoin
• 1:12:45
  maximless. But at the beginning of the show
• 1:12:48
  I think my birds the paradise needs more light in my room
• 1:12:51
  because one of the leaves, oh you can't see it.
• 1:12:53
  One of the leaves came off. It literally fell off by itself.
• 1:12:57
  So. Hopefully my plants not dying
• 1:13:00
  over here, but. It's invisible.
• 1:13:04
  It's my invisible Birds of paradise, Dead Plant or dead
• 1:13:08
  leaf. Dad, what is your meme review
• 1:13:10
  score for today? This guy.
• 1:13:13
  Oh yeah. Hey, someone in the chat?
• 1:13:15
  Tell us where. Wait, tell us where that guy
• 1:13:17
  comes from. What is this?
• 1:13:19
  I don't know what he's about, but I love him.
• 1:13:21
  What is this? No one knows.
• 1:13:24
  It's just provocative. Oh my goodness.
• 1:13:28
  All right guys, drop your meme review score in the chat and we
• 1:13:31
  will cover it live. But before we do that, you need
• 1:13:35
  to run a Bitcoin node, shouts out to the boys over at nautil.
• 1:13:40
  Go to nautil dot EU, get yourself a node.
• 1:13:43
  It can be a standalone node like these or they have a pretty red
• 1:13:47
  one. Let's see if I can load this up.
• 1:13:49
  Red goes more faster. Powerful stand alone mini
• 1:13:54
  computers, aka your Bitcoin. Known so that you can verify
• 1:13:57
  your transaction so you don't have to trust anyone.
• 1:13:59
  Scan the QR code over there and you can get sent right to the
• 1:14:03
  website and get yourself a note man, you need to verify your
• 1:14:07
  transaction. I think there's a journey to
• 1:14:09
  being a bitcoiner at first. You you know you just you buy
• 1:14:14
  some Bitcoin, you go onto a Bitcoin exchange probably.
• 1:14:18
  You, you get a little exposure. Then you realize that Bitcoin's
• 1:14:21
  going to change the world and you double down and you put in
• 1:14:23
  all of your net worth. And then you go to a Bitcoin
• 1:14:25
  wallet, probably on your phone. And then you get a little more
• 1:14:29
  serious and you download Bitcoin Core, buy yourself a knoddle,
• 1:14:33
  run a node, make sure you aren't trusting anyone with your money.
• 1:14:37
  This is the whole reason why we do what we do, and to be honest,
• 1:14:41
  why we're in the position that we are right now.
• 1:14:43
  So get yourself a node. And I'm going to read some of
• 1:14:47
  these meme review scores. I keep forgetting to get you
• 1:14:49
  guys music, But hey, we we haven't figured out our new
• 1:14:51
  music yet, but we do have some meme scores here.
• 1:14:55
  So Dale, just do them. Do them.
• 1:14:57
  Meme review music. Oh you.
• 1:14:59
  Don't want me to do that again. No, I'm just playing.
• 1:15:01
  I'm just playing. That was funny when you do it
• 1:15:02
  last time. Alright, the first one is by
• 1:15:04
  Huddle Coin and he goes, I give those memes the elephant from
• 1:15:08
  story time. AK Augustus.
• 1:15:10
  Carson's. Bitcoin is bigger, yo, OK, this
• 1:15:14
  next meme is by Bitcoin for Canadians.
• 1:15:16
  I give those memes Ben Mckenzie's Pants on fire.
• 1:15:20
  Liar Liar Pants on fire. OK, we got a throwback Meme
• 1:15:23
  shouts out to skip on down the road.
• 1:15:25
  He goes. Score at 9 out of 10.
• 1:15:28
  Awesome throwback. We got UTXOI give the memes in
• 1:15:32
  Orangutan who identifies as the gorilla.
• 1:15:34
  Oh, was it? It's orangutan.
• 1:15:36
  My bad orangutan on the bicycle. Not a gorilla.
• 1:15:39
  All right, my bad silverback gorilla.
• 1:15:42
  Maxi, though. OK, Elaine.
• 1:15:44
  Low, low, low, low. Lane shouts out to you Score.
• 1:15:49
  Intuition is our secret weapon. I sent Dells 28 coming in 24.
• 1:15:54
  No voting required. As people get poorer, they'll
• 1:15:57
  adopt Bitcoin. Couldn't agree more.
• 1:16:00
  Okay sat wise Jenks. I give these memes a joker,
• 1:16:04
  Penguin and Riddler torturing Benjamin Mackenzie's seconds.
• 1:16:08
  Jenkins. Jim Gordon.
• 1:16:12
  I don't know. I have no idea what that means.
• 1:16:14
  Thank you for the score. OK, this next one is Rand Moore.
• 1:16:17
  Score simply scores again. OK, Opti fields, I'm not. 80s
• 1:16:25
  music for meme review. Yeah, yeah, Music for meme
• 1:16:30
  review. OK, got it.
• 1:16:32
  I like 80s music too. I love 80s music.
• 1:16:38
  All right, The Last Meme. Review score is by our boy
• 1:16:42
  planet Earth. And he says give these memes
• 1:16:44
  from the base layer is the faith layer.
• 1:16:47
  Quote our abstractions eventually will ground out in
• 1:16:51
  reality. Simply Bitcoin substack for the
• 1:16:53
  win. If you know, you know, let's go.
• 1:16:56
  Hold on. All right, all right, all right.
• 1:17:02
  Sorry, guys. Sorry, guys.
• 1:17:05
  Buzzer. Buzzer, Buzzer beater.
• 1:17:06
  Buzzer beater. Buzzer beater.
• 1:17:07
  All right, well. This is our show guys.
• 1:17:11
  Appreciate you. We love you long time share all
• 1:17:15
  of the Bitcoin content. Not just simply Bitcoin but
• 1:17:18
  like, subscribe, comment, help us get pushed in the algorithms.
• 1:17:23
  That's the most important thing you can do.
• 1:17:24
  It's for you guys just you know give us a like, share it to your
• 1:17:28
  friends and give us a comment I try to read.
• 1:17:32
  As many as possible but we get bombarded with bots.
• 1:17:35
  So forgive me if I don't comment back but but I do do my best to
• 1:17:38
  check them all out anyways. Dell support our boy.
• 1:17:43
  Dell dropping them clips dropping that fire.
• 1:17:47
  I think let's give the people a a sneak peek of this one because
• 1:17:52
  he he was blowing my mind earlier.
• 1:17:53
  I'm like I thought I was bullish.
• 1:17:56
  Sheesh, Okay. We're getting stupidly bullish
• 1:17:58
  in the Clips. What do you got for us this
• 1:18:00
  week, Dell? I believe it's coming out today.
• 1:18:03
  I think the finishing touches are being put on it.
• 1:18:05
  So I think it's coming out today, if not today, then I
• 1:18:07
  believe tomorrow. Certainly this week though.
• 1:18:09
  But yeah, I've been putting some pieces together.
• 1:18:12
  I've been wondering for a while, how much do you need, how much
• 1:18:16
  Bitcoin do you need to change your life?
• 1:18:18
  And it kind of depends on when things happen and when we get
• 1:18:21
  onto that Bitcoin standard, but if?
• 1:18:24
  Certain things were to play out the way I described.
• 1:18:27
  This is less than $1000, and it's actually drastically less
• 1:18:32
  than $1000. Could get you things like a $1.5
• 1:18:37
  million home, a $50,000 car, some other things.
• 1:18:41
  Multiple millions of dollars in today's money could be purchased
• 1:18:45
  in Sats for less than $1000 invested today, depending on how
• 1:18:50
  things go. And like, those extremes of the
• 1:18:54
  end are way, way, way more extreme than I'm going to say
• 1:18:58
  here. But watch the clip, it'll it'll
• 1:19:00
  blow your mind. Yeah guys, he he was giving me
• 1:19:03
  some maths earlier. And I'm not a financial advisor.
• 1:19:06
  I am not a financial advisor. Absolutely, unquestionably not.
• 1:19:09
  I'm a storyteller. I am a storyteller.
• 1:19:12
  That is all I do. I tell stories.
• 1:19:15
  And the story he told me before the show, I was like, man, wait
• 1:19:20
  like this is some great a help you and we're getting stupidly
• 1:19:23
  bullish in the clips. I thought I was, I thought I was
• 1:19:27
  bullish and you made me feel bearish like, sheesh.
• 1:19:30
  All right Dale, well, appreciate you filling in.
• 1:19:32
  Go catch them on the timelines that should drop around
• 1:19:36
  actually. We have an IRL later so I don't
• 1:19:39
  know when it's going to drop but Dell appreciate you probably get
• 1:19:42
  you in pretty soon. We'll get you we'll get you back
• 1:19:45
  in anyways guys we are in audio only form.
• 1:19:49
  Check us out on Anchor, Spotify, Apple and we are part of the
• 1:19:51
  Valley for Valley economy. On Fountain, we're we're we're
• 1:19:54
  doing we're we're going to do some some curveballs for you
• 1:19:58
  guys soon. We're trying to get you guys all
• 1:20:00
  the content possible so that we can share this, spread it.
• 1:20:04
  If you guys enjoyed the show again, give us a like subscribe.
• 1:20:07
  We love you guys. We will be back tomorrow for our
• 1:20:09
  normal show. Nico will be back.
• 1:20:11
  Until then guys, it's your boy Opti and we are simply Bitcoin.
• 1:20:15
  Peace out. It's been a great one.
• 1:20:18
  Stay bullish, Stay fit. Get mentally, physically,
• 1:20:21
  spiritually fit as we usher in the bright orange future.
• 1:20:25
  All right guys, love you.