Latest / Simply Bitcoin / El Salvador’s Bitcoin Bet Is Working | EP 544

Transcript

El Salvador’s Bitcoin Bet Is Working | EP 544 · Simply Bitcoin

0:43
Yo welcome to another episode of Simply Bitcoin.
0:46
I'm on the move right now. I'm in the Dominican Republic.
0:49
I'll be here for the next week or so.
0:52
So forgive the messiness ETC. Anyways, today we have a very,
0:56
very special show. We have the legendary crypto,
1:00
bastardo he's going to join us today.
1:02
We're also going to talk about El Salvador's Bitcoin bet.
1:06
We're also going to talk about some interesting.
1:10
Interesting moves by governments and Nations states trying to
1:14
stop the Bitcoin Revolution. So I'm joined with Javi, let me
1:19
pull them up Hobby. How you doing, brother?
1:27
Looks like he might be having some trouble with his internet.
1:30
I have my legendary co-host. How you doing Opti?
1:33
What's up Nico? I am doing good today.
1:36
I'm excited that we got this show off.
1:39
You were telling me this morning that we might be running late.
1:41
And I was a little worried about what I was going to talk about
1:44
for 10 minutes in the show. So, I'm glad we got to show off,
1:48
right? And we got our guests in here,
1:49
and I'm excited, man. I feel good this morning.
1:52
I feel hyped up. I did drink a few cups of coffee
1:55
guys, so maybe I'll get a little more.
1:56
Then usual, but we're ready, man.
1:59
We're here to put the signal on, and that's what we do every day.
2:02
So, shout out to you guys, absolutely.
2:04
And of course, we got our special guests, the legendary
2:07
deep, bastardo also known as Javi.
2:10
How you doing, buddy? Hey guys, how are you?
2:13
Thanks for having me. It's a great pleasure to be here
2:16
with you guys. Thanks for joining us hobby.
2:19
It's gonna be a great show. All right, guys, let's get it
2:22
rolling. I know I play the at row instead
2:24
of the intro, but it's live. So you know we make mistakes
2:28
because it's live but it's adds to the authenticity as well.
2:32
So anyways guys, I hope you enjoy the show.
2:34
It's going to be a special one. Let's get to the numbers.
2:40
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node over a virtual private server, anywhere around the
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world visit noddle Dottie you. All right, so that being said,
3:06
let's let's get some numbers. Let me, share my screen.
3:11
Let's check this out at the time of this recording, the Bitcoin
3:15
prices at 23,000 110. Oh, sorry about that.
3:22
The little switch SATs per dollar 4327 block.
3:28
B seven forty seven thousand six hundred and eighty-one reachable
3:31
Bitcoin nodes 15,000 693 the the Bitcoin percentage issued this
3:38
is huge it just hit 91 percent absolutely massive blocks to The
3:44
Happening. That day could not come any
3:46
sooner 90 2319 having estimate Pro 1920, 24, total.
3:53
Lightning Network capacities at 1331 Bitcoin and that is around
3:59
Thirty point eight million dollars.
4:01
I thought it was a lot bigger than that.
4:02
Anyways, hash rate 209 X hashes and the annual mining Revenue.
4:08
You want that number to continue going up it's at fourteen
4:12
billion dollars that is the great firewall of Bitcoin.
4:15
Anyways not really a before we go below that percentage issue
4:20
to hit 91 percent guys that is my favorite number out there.
4:23
Okay? Continue Nika.
4:24
That is it that is a very very good.
4:26
That's a very good observation Opti. 91% 91% of the Bitcoins
4:33
that will ever exist, shoot. Alrighty, right?
4:37
We have nine percent of Bitcoins that are going to be issued over
4:40
the next hundred, something years until the blocks of City
4:43
runs out. It's going to take quite a while
4:45
for that 9% to be mind. That is The beautiful having.
4:52
Anyways, I got to ditch. Okay acted.
4:55
So let's check out this video by Shane writes, let me pull it up.
5:01
Bear with us guys. We are still learning the new
5:05
restraint software. Let's check it out here.
5:09
Those Bitcoin is the new Financial order Society has
5:12
suffered enough under Fiat, this is Steven Baker and he's a
5:17
conservative silly sitting in the House of Commons, which is
5:20
like the equivalent to Congress in the United States.
5:23
Anyways, let's check it out. The problem is, basically, the
5:26
government wants to spend too much money, it's always been the
5:29
same throughout history, governments you.
5:31
You want to fund Wars now, for all good, moral decent,
5:35
humanitarian reasons, we want to fund Health welfare education.
5:39
Well beyond what the public will pay in taxes, after 15 years of
5:42
studying these matters and now having made it for treasury
5:45
committee, I'm ever more convinced that there is no way
5:48
to change the present monetary order until the ideas behind it
5:51
of intercept tested to destruction.
5:53
And I do mean tested to destruction and it's an
5:55
extremely serious issue, but it will not change until it becomes
6:00
apparent that the idea Is behind the system and not tenable, we
6:03
should welcome the Chancellor's recent interesting
6:05
cryptocurrencies and making London of center of financial
6:09
Innovation imperfect and possibly doomed, as it may be
6:13
Bitcoin shows us that peer-to-peer non-state money is
6:17
practical and effective. I've used it to buy an accessory
6:20
for a camera perfectly ordinary legal product.
6:23
It was easier to use in a credit card and it showed me the price
6:26
in pounds or any other currency. I like it is becoming possible
6:29
for people to move away from. So, when I would like to see is
6:33
every obstacle to the creation of alternative currencies within
6:36
the ordinary commercial law removed, we should expand the
6:40
range of Commodities and instruments related to those
6:42
Commodities, which are treated like money like gold.
6:45
So as exempt va-t-en capital gains tax and it should be
6:49
possible to pay tax in those new monies and we must not fall into
6:54
the Trap that the United States has fallen into of obstructing
6:57
Innovation. Finally, mr.
6:59
Speaker, we are in the midst. Of an unprecedented Global
7:02
experiment in monetary policy and debt.
7:05
It is likely as Philip coggan set out that this will result in
7:09
a new Global monetary order, whether it will be for good or
7:12
ill, I do not know but as technology and debt Advanced, I
7:17
am sure. We but should be ready for a
7:19
transformation Society has suffered too much already under
7:23
the present monetary Orthodoxy. Free enterprise, should now be
7:26
allowed to change it. So absolutely crazy guys.
7:35
I know that my internet might not be the best.
7:37
I'm currently traveling. Like I said so you're gonna have
7:40
to bear with me a little bit. I will be back in Puerto Rico
7:44
soon enough anyways. So yes, that speech was from
7:48
2014 but I thought it was it was definitely a highlight and the
7:52
fact saying that in 2014 he must have a lot of Bitcoin because I
7:55
definitely wasn't looking at Bitcoin in 2014.
7:59
So yeah look did that guy suicide himself definitely have.
8:02
The look that up. I think he was spot-on in his
8:05
observations. I think that we are definitely
8:08
entering into a new monetary system that and Bitcoin really
8:14
proves that you can have a good monetary Network.
8:18
That is separated from State, Bitcoin has proved that.
8:22
And then what you're seeing by governments, with the Central
8:25
Bank currencies, in the attempt to kill Bitcoin through you know
8:29
regulation is their attempt to stop it.
8:32
It right there not really concerned about which monetary
8:35
net best. What they're really concerned
8:37
about is maintaining power and control over people through
8:41
controlling the feet, the current that they use and
8:44
controlling monetary policy. So Bobby, what are your thoughts
8:49
on that speech? I know it was old but it was
8:51
definitely a gold one and it was definitely something that I
8:53
enjoy playing. It is really weird to see people
8:58
talking like this thing 2014 because Inflation and things
9:03
like that. The money, the basement, and all
9:05
the stuff was not that normal back in the day.
9:08
And we today have this new policies, new ways of say,
9:17
things like there is not any kind of retaliation.
9:22
We are now naming things differently than we use it to
9:27
do. So they are a lot of strength is
9:31
Extreme. Changed things around these
9:34
ideas and to see this happen today and countries like the
9:40
United States fighting with high inflation.
9:43
And this kind of scenarios seems really weird because America was
9:50
like the model for all the countries around the world.
9:54
So it shows that it the problem is not if you are in America or
9:59
in Venezuela, the problem is the system.
10:02
Where we are living through and the system is via the Fiat
10:08
currencies are really going through the hell, they are
10:12
designed to go through hell. So people realizing that and
10:17
seeing it as a tool and then realizing that it is all a big
10:22
theater around who is there, good country, or which is the
10:27
good way to govern the the thing.
10:29
So, It is really good to see that.
10:33
We are realizing things that this guy was talking already 8
10:38
years ago. So yeah, yeah.
10:42
Beautifully said. Then it it it's it doesn't
10:44
matter. What country you are, right?
10:47
The all the governments are reacting the same, they want to
10:51
maintain power, they want to maintain their Monopoly over the
10:54
creation of money and therefore, their control over people
10:57
because their money that's the money that they're using and in
11:01
Process. Right?
11:02
Governments do something very nefarious right is through
11:04
inflation. It's a hidden tax, right?
11:07
It's like not only is their income tax.
11:09
There's the hidden tax of inflation that really benefits
11:13
them, and it doesn't benefits the common person, right?
11:16
It really only benefits the very wealthy that have the means to
11:19
save from, you know, asset inflation, right?
11:23
So, anyways, Opti, what are your thoughts on that video brother?
11:27
Well, I think this is just a testament to the idea that we
11:30
always say. On the show and every other show
11:32
is, you can't stop the signal. So even if this is from 2014,
11:36
the fact, it's resurfacing and it isn't an more of an official
11:41
atmosphere, it makes it seem, I don't know, it makes it harder,
11:45
it's like, wow, there's politician gets it.
11:47
And, you know, if he's still out there, orange killing people
11:50
then, that's that's absolutely awesome.
11:53
And further, it's just crazy to hear these messages now on
11:58
Legacy. You know, on just Standard TV.
12:01
Because as bitcoiners, we talked about this so much that we get
12:04
lost in our Echo Chambers. And, and to us, this is very
12:07
obvious and to us, it's, you know, it's like right in our
12:11
face because this is all we talked about.
12:13
But for the average person out there that, you know, they're
12:16
not used to hearing these Concepts and so to have them be
12:20
in an official setting where someone's telling them like
12:22
luck, bro. Like you can buy Bitcoin, it's
12:25
not for criminals. It will save you.
12:27
There is a purpose to bitcoin and this is the purpose.
12:31
And as I always say, all the time, everyone is living in our
12:34
meme world and they just don't know it yet.
12:38
So we just got to continue to push the message and continue to
12:42
show that there is value in Bitcoin.
12:45
And I say it all the time that the powers that be are the best
12:49
marketers of Bitcoin and they will, if Bitcoin is what we say,
12:55
they are what it is and the incentives are aligned as we
12:58
believe them to be, then everyone will be a Kleiner.
13:02
And this message will just get continued to be pushed into the
13:06
Legacy system and people will start waking up and we will
13:09
start pulling people out of the Matrix.
13:10
So this is super bullish, you know, sometimes it takes a few
13:13
years for the signal to resurface but I think we're
13:16
getting better at spreading the message.
13:18
And I think this is a testament to its, oh, absolutely bullish.
13:22
Let's go, bullish. Always bullish another day in
13:24
Bitcoin, incredibly bullish. Anyways Opti, let's move on.
13:29
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14:05
All right, so let's get to the news of today and I'm going to
14:10
take advantage of the fact that Javi is here because hobby
14:14
actually went to El Salvador. He actually experienced it
14:18
themselves. So I'm going to read a little
14:20
bit of this article. It's a Bloomberg article, it's
14:23
the name of the video. It's the title, the video El
14:25
Salvador's Bitcoin bet is working Finance.
14:28
Minister says, so I'm going to read this and then I'm going to
14:32
ask Javi about his personal experiences in El Salvador.
14:35
And hobbies from Latin America. So, I think that he's really
14:41
going to be able to tell if there's actually been a change
14:44
there. Thanks to 90, Kelly's,
14:46
government. Thanks to the Bitcoin law.
14:48
Anyways, we're gonna get to that, let's read the article.
14:51
First El Salvador's, financed your defended, the country
14:53
strategy to adopt Bitcoin is legal tender even as critics
14:57
urge the nation to ditch the experiment as the cryptocurrency
15:00
world suffers through a bear Market, almost a year to the
15:02
country's bet on bitcoin Alejandro said.
15:05
Leah said, the digital currency has brought Financial Services
15:08
to a largely unbanked, population population and
15:12
attracted tourism and investment, while its use.
15:15
As a means of exchange is low. He said he remains a Believer,
15:18
digital money and added. The government is still planning
15:20
to issue a Bitcoin. Backed Bond using blockchain
15:24
technology for some it's something new and something they
15:29
don't entirely understand but it's a phenomenon that exists
15:32
and is gaining around will continue to be around in the
15:34
coming years. Lawyer said in an interview on
15:37
Wednesday, the government has purchased 2381 Bitcoin with
15:41
public funds which today are worth about 50 percent less than
15:46
what authorities paid for them. According to the calculation
15:48
ljungberg based on tweets by. And at present, I'm buchelli, a
15:52
survey by the US National Bureau of economic found that most
15:56
businesses and consumers. In El Salvador, still prefer to
15:58
use hard currency to pay for goods and services and send
16:02
remittances. Now, here is I think a bit of
16:03
propaganda hard. See, I would say Bitcoin is the
16:07
hard currency anyways, and here's the signal guys.
16:10
For some reason, every time they talk about Bitcoin El Salvador,
16:14
the IMF always gets brought up and I think that's a piece of
16:17
signal right there. The international monetary fund
16:20
has urged the nation to strip Bitcoin of its legal standing.
16:24
The government is negotiating a 1.3 billion dollar extended 5
16:28
facility with the IMF, but no deal has yet to be reached.
16:32
Now, here's the thing, this is what I was talking about last
16:34
week, right, as No in Argentina. One of the conditions that the
16:39
IMF gave Argentina's that they that the Argentinian government
16:42
had 2D incentivize V, adoption of Bitcoin and share coins in
16:46
Argentina. I would not be surprised if the
16:50
IMF demanded the same thing from El Salvador and it's crazy
16:54
because this whole paragraph Was dedicated to not only bashing
16:58
Bitcoin but basic thing it's not being used.
17:01
It's not a hard currency and here comes the eye of the day.
17:05
The IMF has been coming to save the day for decades and its
17:09
really hasn't worked. How many times does the IMF
17:11
bailed out Argentina? Of course, it doesn't get talked
17:14
about because that doesn't fit the official Party Line anyways
17:19
and they do a pretty good job. But you know basically saying
17:22
when he made those Bitcoin purposes anyways, still so I
17:26
have said that he sees a future, let's play a bigger part.
17:29
We aren't going to have results overnight.
17:31
We can't go to bed, poor and wake up millionaires but I said
17:35
new People in previous years were afraid of things like
17:38
websites, digital businesses, but it's been shown through time
17:41
that reality imposes itself and I completely agree.
17:44
I think that they won't be able to write these hit pieces in
17:47
four years. Let's see what type of
17:49
propaganda. They're going to come up with
17:50
most likely to coins energy usage.
17:53
Most likely you're going to hear more stuff about uh no stood
17:56
wallets and hosted wallets right just all you know propaganda in
18:00
my opinion Bitcoins price dive has delayed the administration's
18:04
plans to issue a 1 billion. Ian dollar Bitcoin Bitcoin back
18:07
Bond but the government still plans to push ahead with the
18:10
scale when market conditions. Approve soul is a and he said,
18:14
the government is still moving forward with playing Bitcoin
18:16
City. I will announce additional
18:17
Bitcoin related project in the coming months.
18:19
I believe in the traditional international monetary system,
18:22
just as I believe that new technologies are going to help
18:25
human beings in the future. So I think marketing making that
18:28
transition is vital and it would be wrong for us not to pursue
18:31
Financial Innovation that could benefit all Salvador, right?
18:35
So Total hit piece. It's not talking about how much
18:38
money Bitcoin is saving the El Salvadorian, people remittance
18:44
fees, right? Not even using right Bitcoin,
18:47
the commodity just using Bitcoin network.
18:49
Of course, that isn't talked about what's talked about is
18:52
that they're invested in Bitcoin is 50% down, that people are not
18:58
using it that, you know, it's causing Mayhem that it was
19:01
irresponsible that they need the IMF to bail.
19:05
Them out, right? So it's, you know, typical BS
19:08
and so Javi. You were actually in El
19:10
Salvador, we're going to have a little mini interview here.
19:13
You're actually David or you were on the ground.
19:15
I saw you. You were with Camilla, right?
19:17
You saw Max and Stacy. And what is your experience on
19:22
the ground? From what I'm hearing from El
19:24
salvadorians is that they actually want to go back to
19:27
their country. They actually see hope.
19:29
They see a decrease in violence. They see Economic Opportunity,
19:33
there wasn't before. Now I know.
19:35
A lot of people would say, hey that's due to just nine
19:40
buchelli, his policies and it has nothing to do with Bitcoin.
19:42
But I think Cairo always says this, right?
19:45
You don't change Bitcoin. Bitcoin changes you.
19:48
I know what Bitcoin has done to my life.
19:50
I know it's improved. My life on a psychological level
19:53
I have hope for the future right?
19:55
And BK's handle on Twitter, his name on Twitter is deterministic
20:00
optimism, which I think is a beautiful way of putting it so
20:03
hobby. What do you, what do you see?
20:05
On the ground are my just talking shit as a Bitcoin.
20:08
ER, what's going on? Well, the first thing that I
20:12
want to say is that everybody that is looking on the at this
20:16
show and that this trying to see the signal through all, the
20:20
noise should go to El Salvador because all that I can said is
20:25
true my own experience, but if you go there you will be
20:30
bulletproof to the BS. So that's the first thing but I
20:35
were I was there in November in 2021, for adopting Bitcoin and
20:40
Bitcoin week but also I spent two months this year.
20:44
So it was really different because in the first trip it was
20:48
around the Bitcoin week and everybody was it was really a
20:53
Bitcoin or Paradise like I was walking in a street in El.
20:57
Salvador my first time there and someone in a straight leg.
21:00
Hey Javi. How are you?
21:01
You know, that's because of Bitcoin but that's not the The
21:05
normal thing that happening in the country.
21:08
So I went again, this this year and I only leave like normal
21:15
Salvadorian two days because because it is really hard to go
21:20
water and stuff that I'm already living in Venezuela.
21:25
So I don't want to go to a country to live in the same
21:28
situation. So then I brush Salvadorian will
21:32
not see any really In their life, they are more money focus
21:40
at like they are they have issues to maintain the the
21:44
things that they have to do to live a normal life.
21:48
But also you have this other great thing that is happening
21:54
that even though you have low, let's say, quote, low adoption.
22:00
Like 20% of the people that answered These kind of of
22:08
surveys and stuff 20% of country that before of the Bitcoin log
22:15
was really far, far away of what Bitcoin is and the technology
22:20
and all the stuff is a really big number and I'm even a lot
22:24
that back in the day, was the meme, like the Bitcoins wailer
22:28
and we are the Krypton nation and all the adoption and we have
22:32
all the good stuff to see. The beat going with reality.
22:37
But as you see in the ground here in Venezuela and England
22:41
Salvador people are using it just because they want more
22:46
dollars or because they want to let's say save some dollars
22:52
using chiwa to exchange or to receive their remittance and
22:58
change them. But that's that's the first
23:03
approach that they have. Like it is a A good way to
23:07
sometimes save money and do stuff like this.
23:10
But this is this is in general. So if you if you go to on Sunday
23:15
that is where Bitcoin Beach is the, the things it's really
23:19
different there. Like I went there, we swung
23:23
Studios team Breaky Michael and Natalie Brunell to, to record
23:28
some stuff for hard money show. And we were talking with normal
23:34
people like me, Months of adorns the same that I named in San
23:37
Salvador. But hearing also on day and they
23:40
already know about Bitcoin like Bitcoin is part of the things
23:45
and the ideas that are around and Merchants there are really
23:50
using it even though they don't know about the last Bitcoin
23:55
Twitter drama. They don't really care about on
23:59
sensible transactions for privacy or all the stuff that
24:03
Bitcoin brings to the table. But they're using it so you have
24:09
really different places to go to El Salvador is it is not just
24:13
also wanted that as I said is like the paradise like it is a
24:17
beach where you can spend your Bitcoins and you will find a lot
24:22
of bitcoiners almost every time there, but the whole country is
24:28
going through. I think that as a Venezuelan I
24:31
have to set, it is really similar.
24:34
What? The Democracy here, change it,
24:39
like we had a really big leader and Engel Salvador, that leader
24:46
is buchelli. So as far as I know, and as far
24:50
as it is being right now, it is all Democratic.
24:54
It is sold because he has a really big popular support, but
25:00
the next steps that will follow that could change the The way
25:06
that we can see the process of Bitcoin ization of a Salvador.
25:11
I hope that will be led by the Bitcoin ethers or maybe at least
25:17
for a more libertarian ethos like okay, I will continue being
25:22
the president, but we are going to maintain really high standard
25:27
of Freedom or all the stuff. But I don't know if that is what
25:33
will happen. I hope so.
25:35
Because evil Salvador turns to be in a more autocratic way.
25:41
It will be really linked to bitcoin as it was already when
25:48
Venezuela was using Bitcoin to avoid sanctions to pay a petrol
25:53
to receive payments of oil from turkey.
25:57
And they started again to say like hey, they are avoiding the
26:00
sanctions and all the stuff so I hope that has helped other will
26:05
You to involve in their own political game that as a
26:13
stranger, I won't be part of that discussion but as it will
26:18
affects how how Bitcoin could be perceived and how the narrative
26:23
change. So I really hope that they will
26:27
continue just to grow in this new kind of leadership that they
26:32
have right now. And well, they institutions and
26:35
all the Stuff Democratic drama that these around, they all must
26:41
be solved through the Salvadoran institution and by the
26:45
Salvadorans we as spectres we just have to see what what
26:51
happens you know. But in the Bitcoin damn thing I
26:55
think that it is just a jeer and how the people is just use it to
27:03
beat coin and how It becomes so normal to say Bitcoin and nobody
27:10
will see you. Like, you're a crazy guy in a
27:12
country. Now Siri world and developing
27:16
country in a country that was mainly known because of
27:21
violence. It is really a new and different
27:24
thing that is happening and I talked with people that is
27:28
really junk people that they stronger than me that they have
27:31
like I don't know that 16th years and they have And really
27:36
different energy and they have. Yes, they have hope like we can
27:42
build something different. We don't have to continue living
27:46
the same through the same things that our families were leaving.
27:51
And this new kind of hope is not just because we are bitcoiners.
27:57
And we are saying everything that is good because it is, we
28:00
could not, is is something that is happening to them.
28:04
They see, See obviously buchelli have a lot of responsibility on
28:09
the how they are conceiving their country right now, but
28:13
also those that are seeing Bitcoin as a tool to connect
28:16
with the new tourism, the new economy that is building around
28:20
some places and all the stuff that be going opens to you.
28:24
They are having hope because of these combination.
28:27
And I think that Stacie said something that is really, really
28:32
true right now. Like, El Salvador is
28:34
flourishing. Was there are really big and
28:38
good combination of things happening.
28:41
So we have to be part of this as bitcoiners going there, like,
28:45
trying to spread the Bitcoin message, like, you don't have to
28:49
be like commissioner or something like that, but there
28:53
are a lot of people doing this court, you can just join
28:56
initiative. Like me Premier Bitcoin, you can
28:58
join Bitcoin Beach initiative, educating people around the Dell
29:04
son to beaches. It's so if you want to take
29:07
part, it is good to support these things through the
29:11
internet that and stuff. But if you have the means go
29:14
there. Go there.
29:15
So you, you will have the same hope that they have that I have
29:20
now and you you will be able to have your own opinion on if we
29:29
are just doing or talking really sweet because it's between
29:34
relax, Or if is really happening.
29:38
So let me ask you something else hobby.
29:41
Do you think that? So in Sante specifically, the
29:45
reason that Bitcoin caught on was because they weren't able to
29:48
get the Legacy system in there, they weren't able to get credit
29:52
cards. They weren't able to get debit
29:53
cards. It's like they had no choice but
29:55
to use something else that would help them interact with you
29:59
know, the Global Financial system in some way.
30:01
So they skip that completely and they went straight to bitcoin.
30:05
And in Africa, the, you know, the rollout of cell phones and
30:11
the internet was very similar, right?
30:12
We're in the west. Right from.
30:15
I went from telephones hard lines and then it was a slow
30:18
rollout of cellphones, but a lot of the internet still connected
30:22
through hard lines, right? Because of where we came from in
30:25
Africa. They skip that completely in
30:27
Africa. What's really pronounced is the
30:29
use of cell phones and cell towers, right?
30:31
But the hard lines isn't really developed there.
30:34
They just skipped a whole Step right in and what I see in those
30:37
aunties that they skipped a whole step as well.
30:40
Do you see the rest of El Salvador transitioning to
30:45
bitcoin because what it sounds like to me?
30:47
And what I've heard also is that in a capitalist and swallowed,
30:52
they're not doing that either, they're not they're not using
30:54
Bitcoin as much. Of course all the big companies
30:57
like McDonald's Starbucks. You know?
30:59
They're going to follow the Bitcoin law, they're going to
31:01
accept Bitcoin payments but the average person isn't quite Right
31:05
there yet. Do you think that will change
31:07
over time? I think that this because we'd
31:11
going is going through a bear market.
31:15
So as, as soon as it started to Boom, again it will let people
31:20
to hey I want to get my beak and all the stuff because you've got
31:25
this, the same Spirit, swear their rollout, the chibok
31:29
wallet, the people rushing to get the ferry dollars and then
31:33
to deposit taller to get more beat going and do, I don't know.
31:38
Some traders of on top of of chibok wallet and I think that
31:44
it will happen again because of the price but also because of
31:49
their our I don't know if to say a lot, but I know that there are
31:55
Salvadorans that are that are already Correos about what is
32:01
bitcoin, how they can take advantage of Bitcoin right now
32:05
because it is new. It is something that is just
32:07
happening in the Andre told they can maybe be the first Center
32:11
Partners to get some good business around Bitcoin and
32:16
Bitcoin Services that's has to be built in the Salvadoran
32:21
market. So there are a lot of
32:22
opportunities where I see that Bitcoin could be more like
32:29
Chinese in some way like they find it like not not only useful
32:35
because it is useful right now but the narrative Around the
32:39
price is not that good today, so they need like to see the little
32:46
bride of the Greet, you know? So the little digital broke that
32:51
is chiming again and that will lead to a new wave of fever and
32:58
that wave of new fevering and Salvador will probably led to
33:02
more adoption. So we won't be talking about
33:05
20%. So maybe Terry percent Of an
33:09
economy that is really little in a country with the
33:13
characteristics that we already discussed.
33:17
It is a really huge number and I think that we are, we are kind
33:24
not going as Bitcoin bitcoiners as we have to have a low type
33:31
preference. Like this is a process that
33:33
would take a lot of time. They have to find the value.
33:38
Value of Bitcoin by date thyself like find why it is useful for
33:44
their their own lives. And I think that it will happen.
33:48
It is happening right now and you have a lot of hate and had
33:52
half a lot of people that is trying to miss him for mate.
33:55
What is happening there, but you also have Really good bitcoiners
34:01
trying to do the work. There you have freely.
34:06
Good companies trying to do their own business, what?
34:10
But also helping the Bitcoin adoption to flourish in the
34:14
country. So again, you have a really
34:17
particular good combination of things that could lead to more
34:21
adoption and to let to see places like San Salvador or
34:27
places like Santa Ana, Or other different cities that are around
34:31
the country to get more, more Salvador, more and Sunday style
34:37
Bitcoin, Bitcoin adoption. Hell yeah.
34:41
Hell yeah. Very, very bullish Opti.
34:43
What are your thoughts on this move on to the fail?
34:46
Well, Bitcoin is Hope and I think crypto bastardo you know
34:51
emphasize that what a lot of people need in the world.
34:54
Right now is a story that they can latch onto something that
34:57
they can believe. And And like I said, you know,
35:00
I've been saying for a while is people need to know that there's
35:04
light at the end of the tunnel and Bitcoin is that light at the
35:06
end of the tunnel and El Salvador and I wasn't a are a
35:10
shining example of what happens when people put it upon
35:14
themselves to adopt Bitcoin on an individual level and then
35:18
spread that out from there. And we can see that the adoption
35:21
is, you know, like the bug is spreading out and we can see
35:25
other Latin American countries that are looking to adopt big.
35:28
Coin on the individual level. So I am absolutely bullish on
35:32
what El Salvador's doing. I went down there myself and I
35:34
was, I was surprised by how much people love buchelli and just
35:38
how normalized it is for people to accept Bitcoin.
35:41
I know, in the west there's there's a lot of talk about OU,
35:44
what can you buy with Bitcoin? And you know, the fact that
35:47
there's a thriving Community down there that are willing to
35:50
take your Bitcoin that understand it as money and you
35:53
know even some of the people that are houghtaling and saving
35:56
Bitcoin like we do it's just beautiful.
35:58
See that the adoption is happening in real time.
36:01
And like crypto bastardi I said is like we need to lower our
36:05
time for reference and it's happening extremely fast in real
36:08
time. But you know, we get ahead of
36:09
ourselves in like why isn't this happening faster?
36:12
It should happen faster, but absolutely bullish on El
36:14
Salvador. It's a beautiful country.
36:16
Definitely get down to El zonte. Get walk on the black.
36:19
The black sand beach is see the waves and go to the volcanoes.
36:23
It's definitely a Mecca trip for bitcoiners.
36:25
I truly love to The Vibes down there and I can't can't wait to
36:29
see what happens to the area and the improvements of the plays
36:32
because Bitcoin put El Salvador on the map and and I think they
36:36
are a shining example of what Bitcoin can do for your country.
36:40
But also like I always say for the individual, and that's what
36:42
we're about Bitcoin helps the individual, Bitcoin is Hope and
36:46
it's a story that people need right now.
36:48
It's a dark place out there and then to see Latin American
36:51
country, pull themselves up from the bootstraps with Bitcoin.
36:55
It's just it's the Underdog Story and we all love to see it.
36:59
Absolutely. And you know, it's very
37:01
inspiring, it's very inspiring. Looks like Bitcoin is doing what
37:05
it does. Best bringing hope bring
37:07
opportunity to just looks like it's not an individual now.
37:12
Now it's to a Countrywide thing. I agree.
37:16
I hope that it spreads out more people.
37:18
There's more use of Bitcoin, not only until Zante.
37:22
I think, we'll see that as time goes by as The Happening.
37:25
Does it thing, right? It's number.
37:27
Go up Technologies of this. Thing.
37:29
And I think Javi is exactly right right now.
37:31
We're in a bear Market but it's the bull markets, the price
37:34
going up that really gets more users and right it's the price
37:38
going up that that's the biggest differentiator from Fiat, right?
37:42
Fiat, you know, your purchasing power continues to go down.
37:45
Even if ever so slightly or as Bitcoin, it's a deflationary
37:49
currency. Meaning your purchasing power
37:51
continues to increase forever, which is absolutely incredible.
37:56
And that's why gives hope for Better future.
37:59
But anyways, let's move on. Update.
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awesome. Opti.
38:44
What do you have squirrel today? All right, guys, well, you know,
38:49
I had to pick this one because this is what we do.
38:52
We counter the narratives and one of my favorite narratives is
38:58
Legacy media's PR spin of inflation.
39:02
And as you can see, if you're watching the YouTube, and if
39:04
you're listening, I have a tweet here by Joe wiesenthal.
39:07
He's a Bloomberg analyst, he's, you know, been cozying up to
39:11
bitcoiners, he's friends with bitcoiners and yet he puts out
39:15
this garbage on Bloomberg. Anyways, here's the tweet and he
39:18
goes the Absurd attempt by bitcoiners to change the
39:21
definition of inflation. I wrote a follow-up on how
39:24
ridiculous it is to define inflation as something other
39:27
than price go up as a way to salvage, Bitcoins, inflation
39:31
Hedge, So let's get into this article a little bit apologize.
39:35
Guys, I will read a little more than usual because I want to,
39:38
you know, we're going to counter some of the stuff that he's
39:40
saying in this. So let's just get right into it.
39:43
This is real. There's a Bloomberg article that
39:45
says Corners are trying to redefine the world.
39:48
Guys, this is what victory looks like.
39:51
This is what winning looks like the fact that they had to come
39:55
this like, do you remember the we covered this for such a long
39:59
time the Financial Times article and it literally said to stop
40:05
making fun of Fiat, stop calling Fiat a meme because it isn't,
40:08
this is at that level of Victory.
40:11
It's that freaking big anyways? Yes, let's get into this.
40:16
I do have an extra fail but we might just cover this one.
40:19
But so here, let's get into this.
40:21
This is Joe wiesenthal. Bloomberg and is titled
40:24
bitcoiners are trying to redefine the word inflation.
40:27
So, again guys, I will read some of this stuff and then we'll
40:29
talk about. So, these days, there's A lot of
40:32
arguing about the definition of the word recession, whether
40:35
we're in one and to be honest you can understand both sides.
40:38
So, consumer sentiment is pretty terrible right now.
40:41
And given that two quarters of negative GDP is a common
40:44
dictionary, definition of a recession.
40:46
It seems reasonable to say that we were in one right now,
40:49
falling the negative data released last week.
40:51
But as we've been telling you guys for weeks now, on the other
40:54
hand, the National Bureau of economic research has for a long
40:57
time, been the official Arbiter of a recession in the US and
41:01
also economic economic activity such as consumption.
41:05
Employment and investment has been growing all year.
41:08
So there's also good reason to not characterize the current
41:12
environment as a recession. So just about everyone can agree
41:15
that inflation is very high right now with several measures
41:18
at levels that haven't been seen in around for decades and this
41:21
shouldn't be controversial. But actually there is some
41:24
controversy, there's a cohort of B Corners.
41:26
Now arguing that we're not actually in spiria nursing
41:30
inflation right now. I haven't heard that, but okay.
41:34
Anyway, seems weird, right? Bitcoiners are always going on
41:37
about inflation and now it's finally here.
41:39
Except the problem is that Bitcoin has performed very
41:42
poorly, over the last seven or eight months, again zoom out and
41:46
four years before him on. Hold on, hold on, hold on cuz
41:48
you gotta connect. I'm sorry to interrupt you
41:49
hobby. You gotta connect the dots,
41:51
right. Remember that article?
41:53
That we just covered from Bloomberg, right?
41:55
The only they focused on was the on Bitcoins price?
41:59
The fact that it goes down, right?
42:01
It's again, you Have two separate articles, both from
42:03
Bloomberg, part of the whole, you know, the old, this is the
42:06
finance, this is, you have to understand the mind of your
42:09
enemies. This is what they read, they
42:11
read the financial times they've read Bloomberg, right?
42:14
So it's a, it's a narrative, right?
42:16
It's like look, it sucks. Inflation isn't real.
42:19
What's real is Bitcoins price went down, right?
42:22
So again, I don't know how long they'll be able to put up with
42:24
this because as we know, never go up.
42:26
Technology goes in goes up into the right and inflation goes
42:31
down. Into the right forever.
42:32
Anyways up the I'm sorry to interrupt you did, let's give
42:35
them the signal I am okay with this and four years, Bitcoin was
42:39
promoted as an inflation hedge. And so it's kind of a narrative
42:42
wrecker that the price is doing so badly these days.
42:46
So rather than going back to the drawing board and come up with a
42:49
new reason to own Bitcoin, the answer some have settled on is
42:53
to redefine inflation to something else and then he links
42:57
to some articles that say, inflation is not actually about
43:00
price going up. But Rather inflation is about
43:02
increases in money Aggregates like the M2 money supply and
43:06
then he continues to show a go on and has another link sharing
43:09
that Bitcoins market cap has risen and Fallen with some
43:11
measure of the global money supply.
43:14
And again, he, you know, had some stuff and goes, let's just
43:16
say for a moment that the chart is basically true and that
43:19
historically Bitcoin has in fact, moved in tandem with some
43:22
measure of money supply, that's still not a good defense of
43:26
this, redefining of inflation. It goes back to the question of
43:30
why people would want to own. An inflation hedge anyway.
43:33
The reason people might want to own an inflation hedge is
43:36
because it's bad when prices of things you buy go up, it will
43:39
hurt your standard of them. And so the idea is that you want
43:42
to own some kind of asset that will rise during such periods to
43:45
offset these increases. That's the point of a hedge to
43:48
protect against something that's bad.
43:51
Talking about hedging against. My Supply makes no sense because
43:54
an increase in the money supply isn't necessarily bad.
43:58
Okay Joe contrary to what some bitcoiners seem to believe.
44:01
There's no To think that something bad happens to you and
44:03
M2. Or M3 goes up.
44:05
Remember when Nico said earlier, inflation is a hidden tax
44:09
because it's stealing your well, slowly, okay?
44:12
Joe anyway, sometimes an increase in a monetary measure,
44:15
can presage, an increase in consumer prices, in which case,
44:18
something bad might happen as a result of the increase in the
44:21
money supply. But this is far from a
44:22
consistent thing. He goes on, going back to
44:25
periods of more normal inflation.
44:27
We saw a big year on your jump and M2 and 2011 in the wake of
44:30
the great financial crisis. But inflation remained fairly
44:33
mild and increased didn't last very long.
44:36
Remember how we tell you guys how CPI is easily manipulatable?
44:40
Just going to drop that in there.
44:41
There was also a big gap in 2009 when M2 sword while inflation
44:44
went down. And also the timing of the
44:46
relationship is suspect and inconsistent.
44:49
The point is, if you look at the above chart and think there's
44:51
any meaningful relationship between these measures of money
44:54
supply and the actual prices of goods, you're squinting too
44:57
hard. And again the only reason to
44:59
hedge is against something bad. Happening.
45:02
Perhaps you could argue that if these M measures just keep going
45:05
up too much, then the entire Fiat system will collapse and
45:08
leave Bitcoin as the sole survivor.
45:10
But this is really just an extreme version of price
45:13
inflation and beyond that, if that's the bet then it
45:16
undermines the idea that Bitcoin did its job in 2021 zoom out.
45:21
Anyways now some my target coin isn't a particularly good
45:24
Consumer Price head but is a hedge against asset inflation.
45:28
Inflation East, has used to talk a lot about asset inflation in
45:31
the old days. Because stocks and bonds and
45:33
real estate where the only things really going up.
45:36
But here's the thing, you don't need a hedge against asset
45:38
inflation because you can just buy well the assets if there's
45:42
some set of conditions causing stocks bonds and real estate to
45:44
go up, you can just buy stocks bonds and real estate.
45:48
The fact of the matter is it that there's a commonly
45:50
understood definition of the word inflation and many people
45:53
bought Bitcoin after being told that it was a hedge against
45:55
inflation due to its fixed supplies and over the last year,
45:59
while prices of all kinds and good to have.
46:01
Shut up. Owning Bitcoin has made you
46:03
poorer rather than richer? That's probably not what people
46:06
sign up for when they bought in. And he's got this Meme here.
46:09
And he goes, what do your foster parents do?
46:10
This is Terminator. They laser eyes Bitcoin chilled.
46:14
So, he calls the parents. What is the definition of
46:16
inflation? And the shill goes.
46:18
Hi, honey. It's when prices go up and
46:21
Terminator goes, your foster parents are dead.
46:24
So, Joe, dude, they're using our Warfare.
46:28
They're using our methods of warfare.
46:31
You have Bloomberg, literally putting memes, and their
46:36
articles to try to keep up with our beam attic Warfare and
46:40
they're fucking losing. This is what victory feels like
46:45
savor it experience. It feel it.
46:48
This is winning. We're winning any, let's go.
46:51
Okay. So To just clarify with Joe
46:55
here. What is the definition of
46:59
inflation that most bitcoiners talk about when we talk about
47:02
inflation? And of course, I'm going to go
47:05
to mises.org. And as you can see, this article
47:07
is from 306 2002, so we're not redefining terms.
47:13
We are using the terms as they are correctly, supposed to be
47:16
used. So is inflation about price
47:18
Rises. And we go, the fundamental
47:21
problem, here is a failure to define the problem properly.
47:24
For example, the definition of Human Action is not that people
47:26
are engaged in all sorts of activities but that they are
47:29
engaged in purposeful activities.
47:31
Purpose gives rise to an action. Similarly, the essence of
47:35
inflation is not a general rise in prices but an increase in the
47:39
supply of money which in turn sets, in motion, a general
47:42
increase in the prices of goods and services.
47:45
Consider the case of a fixed money supply.
47:48
Whenever people increase their demand for some goods and
47:50
services money will be allocated towards other Goods.
47:53
Thus the prices of some Goods will increase.
47:56
IE more money will be spent on them while the prices of other
47:59
Goods will fall. IE less money will be spent on
48:01
them. If the demand for money
48:03
increases against goods and services, there will be a
48:05
general fall in prices in order for an economy to experience.
48:08
A general rise in prices. There must be an increase in the
48:11
money stock with more money and no change in money.
48:14
Demand people can now allocate a greater amount of money for all
48:17
goods and services Services. Inflation is a general increase
48:21
in the money supply. So, Of course, I'm going to find
48:25
some bitcoiners that I like to dunk on this article and who
48:28
better than Alan Farrington and he goes in all caps.
48:31
So, you know, it's serious, the Absurd attempt by bitcoiners to
48:34
insist on the original meanings of words and reject, their
48:37
propaganda SRI definitions, which is entirely obvious, by
48:41
the way, by thinking 45 seconds, about why that word was chosen
48:45
as a metaphor for the phenomenon, it describes and
48:48
furthermore, guys, we covered Paul Krugman yesterday and he
48:52
himself cough is doing some redefinition of stuff.
48:56
So I wanted to add this in here because it says it's a message
48:59
that Nico is saying right now during this article this is us
49:03
winning and this is them trying to redefine what terms mean so
49:07
that they can spin this in a PR moment.
49:10
So that you know, the noobs out there can find the party line
49:13
and B it Hook Line & Sinker. So remember what I said
49:15
yesterday about Paul Krugman when we played that video and
49:18
Krugman goes since I get lots of mockery for having talked about
49:21
a Biden boom I thought I'd share a chart And it's cumulative jobs
49:25
added in. It looks like, you know, Biden
49:27
has more jobs than Trump and he goes.
49:29
The problem may be that the Biden economy.
49:31
Boomed too much feeding inflation, and that it now needs
49:34
to cool off, which may involve a recession, but hasn't yet now
49:38
really like this. Comment and he's paraphrasing
49:41
tldr. You're going broke because
49:43
you're too rich. You see guys, we said this all
49:48
week and we will continue to say it.
49:51
They need to redefine What these terms mean because the cat is
49:56
out of the bag, we are winning this mean war, and our narrative
50:00
is being pushed far, and wide. You can't stop the signal.
50:04
And this is them trying to stop the signal any way, possible.
50:08
So, what are they going to go do?
50:10
They're going to roll out their their PR media.
50:12
They're going to use our techniques like Niko's saying,
50:15
they're going to try to use memes to tell you fake news, but
50:19
we know what is really going on. Bitcoin is truth and you cannot
50:23
fight. Ruth hand to why our memes are
50:25
winning and why we are winning this war because it is an
50:28
information war. Or as I've been saying it's a
50:30
disinformation war, you are battling the disinformation with
50:33
truth and truth will always win in the end anyways.
50:37
I know I went a little long, we're cutting.
50:39
You know we're cutting our time is short.
50:40
So Nico Javier, what's up? What are your guys thoughts on
50:44
this how you already went in Nico.
50:46
I'm glad I'm glad that you went a little long bro because it
50:49
really really highlighted today. Something really important
50:52
right? Is that Me Matic Warfare is
50:55
working. You have the financial times.
50:58
And now Bloomberg and Bloomberg is the craziest there stooping
51:02
their stooping down. And using our means to try to
51:06
convey a message and they will fall out, they will fall right
51:10
on their face. And that's exactly what they're
51:13
doing. That article will aged like
51:16
milk. Yes.
51:18
Fine. You're right in the short-term
51:20
Bitcoins. Extremely volatile.
51:22
It needs to be volatile. For the number to go up the way
51:26
that it does over a period of three.
51:29
Four, five years. Let's talk back and let's see
51:32
how effective Bitcoin is at not only hedge yourself from
51:37
inflation, escaping from inflation, anyways.
51:40
Javi? What are your thoughts, brother?
51:43
One of the things that these new things happening in the
51:48
narrative thing America is that I already saw this happening
51:52
here in Venezuela. Like at the start of the
51:56
hyperinflation, they just hit the inflation numbers and stop
52:03
it to share any kind of numbers around what inflation.
52:08
The real inflation was and then they started to try to meme why
52:17
it was good to create more money to give to the poor people that
52:24
What were suffering because of what was happening to the
52:28
economy and then it became in a big spiritual of sheath.
52:34
Because anybody really believe, I think that there are people
52:38
that the still supporting the chavismo, but the normal and
52:42
Middle East, smart people are really not.
52:46
So when you start to realize that these concepts are really
52:53
void, They don't have any mean, in any way, they can say that
52:58
there is no inflation, because they have the means to put out
53:02
these meme around that. There is no inflation.
53:06
There is no reservation. There is anything like that.
53:09
This already happened here in Venezuela.
53:11
So, the thing that I said that the start is these things were
53:19
Happening Here in Venezuela because we were are really weak.
53:23
Economy and we have the struggle of the chavismo that these are
53:28
cancer, but it is not just because of those political
53:33
elements, it is because of the a systemic failure that these in
53:39
how Fiat system works. So, that's what we are seeing
53:44
the same patterns. Now in America, the country that
53:47
were was the model to all the countries.
53:51
So it is really Same thing happening again, like I'm seeing
53:56
the same thing that I already lived through but now is your
54:01
turn guys. So I hope the the she'd go dumb,
54:06
hit the fan so hard. But Bitcoin is the thing that I
54:10
think that many people will realize that is the only tool to
54:16
to get rid of the bullshit that these guys are going to talk a
54:20
lot. It's truth in a world full of
54:24
lies. I think that was so, so freaking
54:27
spot-on anyways, Opti. Let's go to the favorite part of
54:31
the show of everybody where they make us feel uncomfortable.
54:35
It's time for the daily meme review brought to you by Citadel
54:40
21 it's the best Bitcoin culture is Enid stories articles Comics
54:43
by actual bitcoiners is artwork for volume 10.
54:45
This is the artwork for volume 11 and this is the artwork for
54:49
volume 2. Volume 2 is almost sold out
54:51
because there's only 1000 physical copies made per volume.
54:54
Guys. Get your physical Prince of
54:55
Citadel 21 today before they run out.
54:59
Let's go guys. So before I get into this, make
55:03
sure you send us your mean review so that we can get your
55:07
meme score on the show. So first and foremost, I got our
55:11
memes here. This is the first one by at
55:14
dingdong 3001 and I really felt this one because I fully agree
55:19
that once you understand what Bitcoin is, there's no going
55:22
back. And he goes, there's no way
55:23
back. Once you've seen you cannot
55:26
unsee and I really think this is a Hinting on the there's a meme
55:31
of like once you stare into the void, the void stares back at
55:34
you. And man ding dong really hit
55:36
that one on then on the head and of course, the fake Toshi memes
55:40
are making the rounds on Twitter.
55:42
So I had to add a few and this one's by Grail at the crayon.
55:45
He go steal his luck. We got a navy.
55:47
Blue jacket for 150 pounds of got navy, blue pants for £70.
55:51
We got a blue shirt for £30. We got a microphone for £350 a
55:55
silver ring for 25 pounds and The fake touch you reputation
56:00
for £1 and to add on that theme. I got this one from chinois and
56:06
he goes to celebrate hooked. Oh, she's Court when I thought a
56:09
little cake might be in order and it's simply a picture of
56:13
Pound Cake simple, yet poignant. And then yesterday, I hope you
56:19
guys saw that we dropped a new skit, a skit by yellow and b v.
56:24
But I really loved this meme that cryptic lugs dropped on us
56:28
and he goes Where did you get a hand grenade?
56:30
And it's crypto clucks, because everyone loved the hand grenade
56:34
in that, in that skit hitting Miko in the head.
56:37
Hang grenade is a toy, by the way, it's a toy.
56:41
Okay. The next one is by at best
56:43
Bitcoin meme. This is a template that I really
56:45
like and it goes, don't you already have enough Bitcoin and
56:49
he goes to pull the sword and it goes.
56:50
Yes. And it goes yesterday.
56:52
I sold my chair for more Bitcoin.
56:55
Let's go. And then this is the classic.
56:58
A classic Bitcoin, Twitter template and its people cutting
57:02
a cake and it goes bitcoiners doing productive things and it's
57:06
me shitposting and it's a guy supposedly acting like he's
57:10
cutting the cake but there's no knife and it goes hashtag.
57:13
I am building so guys oh I forget okay my meme score is oh
57:21
you can't even see me. Okay.
57:24
One second guys, my meme score is the charger that I'm using
57:29
for my camera to not go out on me and it is going out on me
57:33
because it's overheating. I will figure this out for you
57:36
guys. This is a battery charger.
57:39
I had the plugged in Nikko. I don't know what's going on.
57:41
You're going to have to school me on how to make sure this
57:43
camera. Yeah, wrecked on.
57:44
We will take it we will take it. One of those.
57:47
It's used to happen to me all the time and when it started
57:49
happening off these like ah I know how you feel anyways for
57:52
those scores. I'm going to give it this
57:55
Dominican hotel room. That's my score.
57:59
Anyways, Avi, what would you give those memes?
58:04
I think that you can go with this.
58:06
Oh yes, PlayStation controller. This is good scores.
58:10
Anyways guys, we want to know what would you give those memes?
58:13
Scores, let us know and down in the chat first.
58:18
Sean be says, I give it a solid Opti overheat.
58:22
It's a good One and Andrew gives it.
58:28
My mean score is opt, he's blank screen, those are good shed boy.
58:34
I can't read that. I'm not going to read that.
58:37
Anyways, good scores. Good scores overall guys, join
58:41
our telegram group stay until after the show Opti and Jacob
58:47
from Tuan are doing a Twitter spaces and maybe Javi joins us
58:51
as well and mr. Robot gives A one cup of
58:57
Pelosi's Fiats. Here's awesome scores awesome
59:00
scores. Anyway, Opti, let's move on to
59:04
the pub sites. All right, before we go to the
59:12
pub, sites Opti, always forget. I want to give a very special
59:16
shout-out to our awesome sponsor.
59:19
Cipher safe Cipher. Safe is the best place to store
59:23
your seat. Don't store your seed.
59:25
On paper paper is prone to dogs fire water.
59:30
You want to store your seed on pedal?
59:32
Get yourself a cipher Grid or a Cipher wheel.
59:36
If you put your seat on metal, it ain't going anywhere.
59:40
Anyways, but bring back Opti Opti.
59:43
Why don't you tell everybody? Well about the website by plea.
59:47
We need to upload the schizo that I don't continue to cut you
59:52
off our ad but you guys can see on the screen shouts out to the
59:56
meme Factory that doesn't exist. Go check out their website mean
59:59
Factory T m.com. There's a bunch of nuggets in
1:00:03
here and I'm not going to click on any of this stuff because we
1:00:06
are on YouTube and who knows what will pop up?
1:00:10
But definitely go check out the meme Factory.
1:00:12
Guys go check out their podcast as well.
1:00:15
We love the boys and girls over at the meme Factory and of
1:00:17
course, listen to us on our Audio Only platforms on Spotify,
1:00:24
anchor, what I say apple and of course we are on Fountain on the
1:00:29
valley for Value economy. If you think we are providing
1:00:32
you value with this show guys, we will take your shot stream of
1:00:37
sets. We appreciate all the love.
1:00:40
We will continue to give you guys a signal.
1:00:43
Thanks for your time and just, you know, keep sharing and
1:00:46
liking our videos. Guys, we love you, we appreciate
1:00:49
it back to you. Awesome.
1:00:51
Alright guys that was our show before we go, I want to give a
1:00:56
quick shout-out to create double start out for coming on also
1:00:59
known as have Javi. He is the host of the suspicion
1:01:02
Venezuela, YouTube channel definitely.
1:01:06
Go check it out. He also does a YouTube show with
1:01:09
Camilla. Captain on the swan signal
1:01:11
Channel. Definitely go check out those
1:01:13
channels. Give Javi a follow guys.
1:01:17
That was our show. If you enjoyed it, definitely
1:01:19
give us a smash like definitely subscribe to Simply Bitcoin bear
1:01:25
with me. I am traveling be traveling for
1:01:27
the next 3-4 days so the connection might be a little
1:01:30
choppy but we will still bring you guys the signal.
1:01:34
Thank you all for joining us.