Latest / Simply Bitcoin / Major Bitcoin Services Hacked, is your BTC at risk? | EP 453

Transcript

Major Bitcoin Services Hacked, is your BTC at risk? | EP 453 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments.
0:08
Welcome everyone. We're simply Bitcoin.
0:10
It's the weekend recap, we cover the news.
0:14
The daily fail mean review. Software releases Hardware
0:17
releases and the websites by plebs.
0:20
We're diving into the numbers, let's do it.
0:23
Another time. Brought to you by Bitcoin 2022,
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This is crazy. President I am buchelli, Michael
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for 10% off your tickets to bitcoin 2022.
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At the time of this recording. The block height is 720 1265 the
0:54
Bitcoin price 40, 1205 chain rewrite days 741.
1:00
Total public lightning capacity, Nico ever climbing 3537, dot 63
1:07
Moscow, time 24:27 blocks to The Happening 111,000 735 and the
1:15
samurai Whirlpool unspent capacity, Samurai Whirlpool is a
1:20
collaborative spend or coin join service and is not a mixer.
1:25
Anyways, there's 4460 6.9 BTC. I do I think they see a
1:30
difference. I don't think Elizabeth Warren
1:32
wasn't cool Cohen, joined mixer to save the same thing.
1:36
Um, it doesn't matter. They're evading into 30 fading
1:40
authorities money laundering there isn't there isn't, you
1:45
know, you know, it's funny you say that because when you said
1:48
Moscow time Jack Dorsey Block in the back blue checkmark, picks
1:52
it up and says, oh this is the Moscow time.
1:55
The reason I'm bringing that up film was because that was before
1:57
Russia invaded Ukraine. No, it's like it's like Moscow
2:02
was like, what are those? What is bitcoiners?
2:04
Do it, thanks. Oh, definitely, definitely.
2:07
This is gonna get misconstrued. Definitely.
2:10
We're somehow going to be it. We're somehow going to be
2:13
ostracized for you. So they're talking about the
2:16
time in Russia every day. They were part of the show.
2:19
Along the nerve Russian campaign.
2:22
Oh man. Okay, there's a part of the
2:24
Russian disinformation, misinformation time.
2:27
I'm already hearing that, to be honest.
2:29
A we did say it for we sought. We said it a week before.
2:32
Elizabeth Warren tried and failed miserably to try to use
2:38
the crisis in Ukraine, to go after Bitcoin.
2:40
But anyways, Phil check this out.
2:42
I thought this was really interesting where the, where the
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world regulates cryptocurrency again.
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Before I'm going to put a giant asterisk.
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You could regulate the not and off the on and off ramps if
2:56
you're buying Bitcoin through Fiat right Phyllis.
3:00
Confused. Phil, what's going on?
3:01
What's up with the gray zones? Oh, I do, I think that they
3:04
just, they're like, oh, I don't know.
3:06
Okay, yeah, that's all I'm confused by the rest of it, I
3:08
understand. Yeah, like, I don't know, but
3:11
I'm like, wait, what are those are those the places we go to
3:13
live? Yeah, it looks that looks like
3:15
it looks like it, sorry continue, but no, that's a
3:19
really good point, right? Because there's someone in the
3:21
comments, like what is the great?
3:23
Okay, so I completely forgot. I was saying so I'm gonna go.
3:26
Oh yeah, okay you can't, you can't ban Bitcoin right?
3:29
You Can't regulate Bitcoin once it's in Bitcoin, right?
3:33
It would defeat the purpose of Bitcoin, but what you can
3:35
regulate, right is what governments would like you to
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believe as you could regulate the on, and off ramps and by
3:40
being able to regulate the, on, and off ramps, think about it.
3:43
Most people still operate in Fiat, right?
3:45
People don't understand the true power that they have when it
3:49
comes to bitcoin. Anyways, so check this out.
3:51
We're going to go through some countries so this is Australia.
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New Zealand, right? You know, Hong Kong is that Hong
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Kong. Yeah, that is I'm Kang so I
4:00
guess Hong Kong and China or Macau.
4:02
So Macau there's bands. So Hong Kong is the gree that's
4:06
weird because Hong Kong is now part of me.
4:08
I don't know. Anyways, so Thomas Lee China's
4:11
illegal, Japan legal, South Korea, Russia turkey,
4:17
interesting, right. You'll start to pick up a
4:20
pattern here guys, in the countries that need Bitcoin the
4:23
most, it happens to be regulated.
4:26
The most that I don't think that's a coincidence, right?
4:28
You have South America that I guess there's not really a lot
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Argentina. It's regulated against legal
4:35
Bolivia not so you know inputs IT band we have Ecuador also
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banned we have Frets at French koreana know I don't know
4:45
Guardian I think that's right next to Venezuela anyways and
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then this tiny little speck is El Salvador and then you know
4:51
the United States green but I think that this also has a
4:54
disservice because it doesn't you know it's just bunching up
4:58
regulation all In one, right? Like what levels of Regulation.
5:02
What's going on, anyways, I thought it was a really
5:04
interesting graph. Does it matter?
5:06
If you're in Bitcoin? No.
5:09
Does it matter if you're in those countries and you're
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trying to live off Bitcoin? Absolutely.
5:15
So, you know, hopefully the Middle East, you know, starts to
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open up to it more. I think China is a lost case
5:21
because they're doubling down on their Central Bank, digital
5:23
currency and Bitcoin is just better, so they don't want any
5:27
competition. And then, you know, we Had the
5:30
positive news from Europe that they're not gonna bad proof of
5:33
work. But that was literally because
5:35
people made a ruckus on Twitter and found out.
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That's what they were trying to do.
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Like sneaky AF, what it? What is this democracy is this
5:43
the represented democracy that they talk so much about?
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This is some BS, bro. And you know what's crazy fell
5:49
before I shut up? Is that they did the same thing
5:51
in the US with the infrastructure, Bill, bro.
5:54
Now they burnt their finger. Now they know that these crazy
5:57
bitcoiners are going to make a Ruckus but like, bro, their
5:59
Sneaks it in. What is that?
6:02
That's crazy. That's like a dictatorship Phil
6:05
clown World democracy. That's what that is.
6:08
Okay. So look the on that chart that
6:10
you showed which is super interesting.
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There was asterisks next to the regulated countries and it
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indicated that those were the countries that the regulations
6:19
were having to do with anti-money laundering.
6:22
Exactly. See look tax money laundering
6:24
and anti terrorism financing laws.
6:27
Apply so XO ironic because we've shown time and time again.
6:32
How their rails are the best best rails to facilitate the
6:38
money laundering. Yep.
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So, and, and the criminal activity, so it's just, I just,
6:43
you know what? Look, it's interesting, right?
6:46
That we see this regulation. I wonder, I wonder if some of
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those countries where we see an outright ban.
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I wonder if that might change. I'm not talking about China,
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right? Like, I mean, I have zero hope
6:56
for China ever deciding to undo that ban at this.
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I think that this was the final band that they had, I don't know
7:03
how much more they can really do because at this point and years
7:05
in prison, 10 years in prison. Like look like like, like I
7:09
mean, like that's it, right? But some of these other
7:11
countries, you know some of these other countries where they
7:14
have outright bans, maybe they'll reverse it.
7:15
And the ones with implicit bands that to me sounds like they're
7:18
middle of the fence. Yeah, right.
7:21
So I agree. Anyways, look, it's an
7:23
ever-changing landscape. As we've said, time and time
7:26
again. This is a brand-new asset,
7:28
nobody fully. And it's emerging and we are
7:32
always trying to retrofit these Antiquated laws on top of this
7:36
brand new asset that nobody understands.
7:38
And it doesn't fit properly, right?
7:40
We can see. It doesn't fit properly because
7:42
it doesn't work all the time and it doesn't work correctly.
7:46
So, anything's good times. I always bringing in the fire.
7:50
I don't want to spoil that. But yeah, I completely agree
7:53
dude. I think they're their panties
7:55
are in a bunch. They don't know what to do.
7:57
They're like they're like, well, this thing go away.
7:59
Go away. And now they're kind of could
8:02
kind of get stuck in this point where it's like they want people
8:05
to use their currency but their currency isn't better.
8:08
So they have to rely potentially on coercion through regulation,
8:11
right? So it's such an interesting
8:14
scenario but we'll be here to cover on simply Bitcoin but
8:17
anyways Phil it's time for the daily fail.
8:20
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Now look, you may get upset with us for not choosing the fails
8:40
that you may have chosen, but we got tagged in so many fails this
8:43
week, and I don't know what happened.
8:44
It's like Twitter had a complete meltdown.
8:47
And we all just like Drop, like, 40 IQ points.
8:50
I just don't know what happened. Anyways, it was insane.
8:54
So, here we go. Tom Brady.
8:55
Tom Brady, just like, you know, like I tweeted disappears into
8:58
his own ass. Let's check.
8:59
Up here we go. What's up italic?
9:02
You may not know me but just wanted to say I'm sure he has no
9:05
idea who Tom Brady is for real though for real.
9:07
I don't like vitalic, definitely not that.
9:09
Paying attention to sports means anything but if there's one bet
9:12
I can make it's that he doesn't pay attention to sports.
9:14
Anyways I'm a big fan of yours. Thank you for everything you've
9:17
built in the world of shit coins.
9:20
Otherwise at autograph wouldn't have been possible.
9:22
Hope I get to meet you someday. You're the goat.
9:26
No no. Like like just created the
9:29
biggest. Affinity scam with the 70%, pre
9:32
mind that as Nico always likes to point out is centrally
9:36
controlled with what is it over? 70% of the nodes, on Amazon web
9:42
services. So, no, he's definitely not the
9:44
goat. Now, the person or people or
9:47
whatever it is, the entity that is Satoshi Nakamoto that is most
9:51
likely the goat. I'd say that that's the goat,
9:55
but you see, they, you know, Tom can really go and thank Satoshi
9:59
and if he does You know, he's not going to get the giant
10:01
circle jerk back, so which, who knows?
10:03
I don't know if italic actually did thank him back or anything
10:06
like that. But I do find this a total fail
10:10
Nico. I think you summarized it
10:13
perfectly. By the way, we got corrected.
10:16
It was like on the comments. So apparently, so it is 70% of
10:20
hosted servers for aetherium and it's already percent of AWS.
10:25
So for all of those 70% of hosted servers that run
10:28
aetherium nodes. Because they're so resource
10:30
intensive. They run on, it doesn't there's
10:34
other server companies right? It could be Google right for
10:37
example. So of those 70, 40 percent on
10:40
run on Amazon. Web services.
10:41
Correct correct. And it was it was Hugo by the
10:44
way. So shout out to Hugo for for
10:47
he's the one that actually pointed me in the right
10:49
direction. Now to Tom Brady, another
10:53
grifter, right? Taking advantage of a movement
10:56
to dude has laser eyes on Twitter like It surprised me.
11:00
You see this so many times with the celebrity endorsements
11:03
they're there. And I heard this in Twitter
11:05
spaces today they're they're really in their own bubbles,
11:07
bro. These people are so wealthy.
11:09
So rich they don't interact with the peasants, right?
11:14
So I think that he's just so, you know, and then and then he
11:16
sees like, oh Time Magazine vitalik like oh wow, he's On My
11:20
Level, you know, like of course the speculation.
11:22
But I mean like, you know, these people completely just don't
11:26
care what anyone else has to say, dude.
11:28
Like they're Pletely encapsulated.
11:31
Now the I feel like a lot of that was noise, but here's the
11:34
signal, right. Unfortunately?
11:38
What, I, what I see the dangers of this type of situation, is,
11:42
he has such a big platform. He has such a big influence,
11:46
right? That that's essentially external
11:49
externally validating aetherium, right?
11:52
The Time Magazine Tom Brady approval, right?
11:56
And people were buying that with the conception that it's Go to
12:00
bitcoin, right? And I think that I think that's
12:03
going to play itself out eventually, but I think a lot of
12:06
people are going to get caught up.
12:08
Holding something that doesn't have absolute scarcity.
12:11
Doesn't have, you know, it's not censorship resistant the way
12:14
that Bitcoin is right? So that's you know, that's a
12:18
little concerning to me but anyways.
12:20
Phil what is the next fail? That is?
12:22
Yeah, I agree. That is the fail.
12:24
It's too bad, it's too bad. Alright, thank you for tagging
12:27
us, mr. Robots here.
12:29
We go, let's see here. What is this fail?
12:32
This is a retweet from Richard Dick.
12:35
Whitman love the account. Richard is definitely a toxic
12:38
Bitcoin. Ur Love is takes.
12:41
Let's dive into this video. Okay?
12:44
But before we do, let's see what what Richard have to say.
12:47
If you drive an electric car, gas prices would not be
12:51
affecting you. Clearly, ha ha ha.
12:53
This person is the actual US Energy.
12:55
Secretary, whose job it is to make sure the country is energy.
12:58
Secure. All right, let's take a look at
13:01
this video and see what you had to say.
13:03
Obviously, we have the acute issues with the colonial
13:05
pipeline ransomware attack, but looking more holistically in a
13:08
macro view. How does this speed up the
13:10
effort at D, OE to move and more of a renewable directions at,
13:15
this is going to have an impact on people.
13:18
Yeah, I mean, we obviously are all in on making sure that we
13:22
meet the president's goals of getting to 100% clean
13:25
electricity by 2035 and NetZero carbon emissions by 2050.
13:30
And, you know, if you drive an electric car, this would not be
13:34
affecting you. Clearly, obviously we have the
13:37
acute. Yeah.
13:38
Before we move on to the next fail, I just want to point out
13:40
right, DC, what it's all about. It's all about meeting these
13:45
arbitrary goals, right? That that feed their narrative.
13:50
So they meet these arbitrary goals and they did.
13:51
And they don't give a shit about the everyday person.
13:54
They don't, they don't care, whether you're starving, whether
13:57
you can afford to drive to work whether you can.
13:59
And that's That's your fucking problem, okay?
14:02
That is your problem. You deal with that.
14:05
You, if you have an electric car, you'd be okay.
14:09
That's insane. I can't believe.
14:12
Like, I can't believe that these are the people like that says, a
14:15
lot about us for not giving a shit enough and having these
14:19
people make choices for us. No more Mean Tweets remember?
14:23
No more being tweets, right? This is true.
14:25
There are no Mean Tweets Nico. I do feel a lot better and less
14:28
offended. If you ignore the inflation and
14:30
the chi gas prices, that's better because there's no more
14:33
Mean Tweets, right? No.
14:35
But in all seriousness, okay? Put the political stuff, aside
14:39
look. This is Central planning.
14:40
Okay, right in simple. Okay, this is literally the
14:44
government trying to plan the way the economy goes by
14:47
coercion, okay, look, most people can't afford an electric
14:52
car, okay? So what they're trying to do is
14:54
that they're trying to shove it down, your throat, regardless
14:57
without any regard for economics, which is why the
15:00
price of got the price of Ass is where it's at.
15:03
Which is why inflation is where it's at.
15:05
These are not, these are not people that are governing.
15:09
These are activists. That's what it is.
15:12
You have to call it for what it is.
15:14
And this is, this has catastrophic consequences in
15:17
Germany. The same people that were with
15:19
the same rhetoric of the environment of the environment
15:22
of the environment, put Germany, a country.
15:25
Now, in a very vulnerable position with Russia where
15:28
they're forced to buy natural gas from Russia.
15:32
Because they decided to shut down all the nuclear power
15:35
plants because they didn't check off all the environmental list.
15:39
Dude. These are the same people.
15:41
The same rhetoric the same type of ideas.
15:44
It's garbage Central planning, that's what it is.
15:47
This is not a free market. Let the free market decide
15:51
whether they want an electric car or not, I guarantee you.
15:55
I guarantee you that one day, an electric car will be cheaper to
15:59
make than a gas car. That's going to happen on its
16:03
own without any type of government coercion in the
16:06
process. So these arbitrary numbers are
16:09
bullshit and what do they do? They hurt the American people
16:13
and this isn't only happen in America, the same ideology.
16:16
The same movement is also happening in Europe to listen we
16:20
care about the environment Bitcoin is greed, much greener
16:24
than other types of Industries. So I'm not trying to bash on
16:27
that. I think it's a noble cause I
16:28
think it's very important to take care of the planet.
16:31
What I With and I know Phil, you feel the same way is giving
16:35
bureaucrats the ability to get to dictate what you can use and
16:40
what you cannot use. You don't get to eat steak.
16:43
You only get to eat bugs and live in a pod, F, you and your
16:47
great reset because this is all part of it.
16:49
Anyways, those are my thoughts. I love it, man.
16:53
I love it. I love the passion.
16:54
You always bring the fire. Alright well look you know what
16:57
on the heels of we talking about with Central planning, right?
17:00
Here's a little bit more. Not so free market information,
17:03
right? IMF does not want to allow
17:06
another country in Latin America to adopt Bitcoin.
17:09
I know you are super shocked so hold on a second here.
17:12
Let me. All right, here we go.
17:13
The Global Financial Authority. The IMF is trying to stop the
17:16
adoption of Bitcoin and shit coins in another Latin country
17:20
in another Latin American country.
17:21
But the argentine's have not shut up, legislators from
17:26
Argentina's chamber of deputies approved, last Friday by 202
17:30
votes, to 37, the project formulated jointly with the IMF
17:36
to refinance, the country's debt.
17:40
The vote came after extensive discussion during the night as
17:43
protesters threw stones and set fire in front of the Argentine
17:47
Congress. Recalling disastrous deals made
17:50
earlier with the IMF, of course, Because the IMF understands that
17:53
nobody can pay back any of these fucking loans because none of
17:56
this money is real, and they produce this dead out of thin
17:59
air. Anyways, controversial, Bitcoin
18:01
and shit. Coin clause in the newly
18:03
approved agreement has argentines speaking out in
18:06
public about the implications this could have on bitcoin and
18:09
shit, coin adoption in the country.
18:11
The debated statement included in the bill approving said, debt
18:16
refinancing States. Check this out.
18:19
The national government for a better safeguard Of financial
18:22
stability will discourage the use of Bitcoin and should coins
18:26
in the prevention of Fraud and informality.
18:29
In the same way, the digitization of payments will
18:32
have officials incentives and additional protection will be
18:35
given to the financial consumer to finish.
18:41
I'm sad. And here we go, making it clear
18:43
to the Argentine government that the IMF prefers, cbc's over open
18:48
source protocol, digital currencies.
18:51
That's That's right. They look at this point.
18:54
Remember before they were calling Bitcoin private
18:56
networks. Now they have no shame there.
18:58
They're done, right? They know they can't.
19:00
I mean, they know they can't fool anyone anymore.
19:02
Look, we are going to offer better protection in our closed
19:06
system. You're still going to be a slave
19:08
and we're still able to cut you off anytime you we want, but
19:12
you're gonna be somehow better protected.
19:14
I don't even know what that means.
19:16
I don't think they know what that means, dude, you're
19:20
spot-on. They just On power like it, you
19:23
see it from Elizabeth Warren, you see it from, you know, the
19:25
pompous attitude of Jerome Powell.
19:28
You see it from the pump is even more pop.
19:30
His attitude of Christine Lagarde in the European Central
19:33
Bank. She's a convicted felon.
19:34
By the way, I'm going to say that every time I mention her
19:36
name because she's the one that's trying to convince you to
19:38
use herself. Anyways, so look clearly in this
19:42
is what I always say, right there.
19:44
Using coercion and now, right? But coercion is no match for
19:47
incentives. Yeah.
19:49
So they could try and they could pay off the right people.
19:51
That, you know, in Argentina, the bureaucrats to try to pass
19:55
this on, but at the end of the day, if you're an Argentinian,
19:58
you know what inflation is like, it's a country plagued by
20:03
inflation history of inflation. So, regardless of what the guy
20:08
in the suit on TV, has to say, what you care about is being
20:13
able to feed your family or not and they might make it bumpy
20:18
right now, right? To, you know, the Fiat on and
20:21
off. Frances what I mentioned earlier
20:22
on the show. They might make that bumpy right
20:24
now, but they're not going to be able to do that long term
20:28
especially when there's a better solution because the government
20:30
is in a have to convince people before you didn't have an
20:34
option, the government is going to have to convince people
20:36
incentivize people. This is why you should use my
20:39
money right now with their what they're using, is violence
20:44
coercion and threats. They're not, they're not shrink.
20:47
This is a better money. They're using the vague
20:50
terrorism money laundering. This even though we know that
20:53
the majority of money laundering and terrorism is financed by
20:56
Fiat the financial system itself, not Bitcoin.
20:59
So dude it's just this is how it's going to play out.
21:03
I suspect is going to happen in every fucking country, dude.
21:05
It's just how it is, you know, but I'm most bullish on the
21:08
countries that have the US dollar as legal tender and they
21:11
don't print their own money, so therefore they don't get power
21:13
from that, right? I'm bullish on those countries
21:16
to adopt Bitcoin, right? And also have it already did
21:19
that, it's not a theory anymore. So anyways.
21:21
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Leo, te I'm laughing because I'm already picturing in my mind,
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what the bottom image is going to be sure.
21:51
Coin expectations, dude. That that is a top-notch meme
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lado de. Wow, bro.
22:01
Wow. Okay.
22:02
Moving On. By ehlers the people who are 30
22:05
trillion dollars in debt, are giving you a credit score Phil.
22:10
You are bringing the fire memes today, bro.
22:13
I'm a shit. You see how the mean game has
22:15
upgraded? That is because, Phil has taken
22:18
up the responsibility and clearly he's a lot better at
22:20
this than I am. All right, next one.
22:23
Moving On by Hulk Hogan. There's so much to learn.
22:26
That's a deep one. I like is like the comic.
22:28
The old comic book, print a very cool.
22:30
Shout out honk, I appreciate that.
22:33
Okay, so I had to so banana bread is violence bread these,
22:41
okay? So, a little bit of backstory
22:43
Phil and I have been clashing on this, I would love to get your
22:45
guy's opinion. So yes, this is Jason Lolly.
22:48
He's the guy that came with you know that Proof of work in
22:52
Bitcoin, mining proof replaces traditional kinetic Warfare,
22:56
like, you know, aircraft carriers, nukes, and whatever.
22:59
And he went a little bit overboard, we're going to cover
23:02
it, but this is what this meme is.
23:04
Making fun of look, the way that I feel it, the way that I see it
23:08
right is different than film like bring him on the show so
23:10
Phil could ask him the hard questions feels like nah.
23:13
So that's how we feel about it. Let us know down in the
23:16
comments. What you guys think?
23:17
Anyways I know the last one. This is great.
23:21
I'm sorry. This is all okay.
23:23
Three, two, one. Hold on.
23:25
I have to enable the volume. Yeah, dude.
23:27
This is have you watched it? No, I have not, okay.
23:30
He's yellows a fucking genius. Yellow is a genius.
23:34
Yellow is a fucking genius. Okay.
23:35
Anyway, by the way, this guy yellow is the one who's in the
23:39
Amber app? For anyone who doesn't know that
23:40
Muppet this is him anyway, so check it out.
23:43
Hey guys, Ed these days. Inari, and I just wanted to say
23:48
something to you guys because Everybody is like making fun of
23:53
my feces that bacon there is violence and I want to talk to
23:57
you about. So as I was saying, have you
24:00
even guys seem like a minor 6 minor that thing is very heavy
24:07
and I don't know like what you call it whatever but an atheist
24:10
I throw that thing, right? Who is again?
24:14
Like this is my interests or and I say hands up, I'm gonna throw
24:20
this is Hitting your head. And right and I take money by
24:25
law. I use the weapon.
24:28
Thank me. Look at this.
24:30
And look at this. They're the same thing.
24:34
I'm from MIT and space hole. I know things.
24:37
Oh, so stay in your lane and don't catch them guys, this is
24:42
bad. Okay, okay man.
24:45
Okay, so first of all, before Phil fucking Nails, this in the
24:49
coffin, I hope you still. Come on the show.
24:53
Look the way that I see it. I appreciate the work that
24:55
you've put into Bitcoin, but apparently, you went a little
24:59
bit too far. We can feel.
25:03
What do you feel about this? Not a conventional mean review
25:09
right and yes we definitely Clash like we went back and
25:12
forth for like an hour, right. So Nico does not agree with me.
25:16
I personally will do Listen, Hold on, don't burn Bridges Phil
25:20
Phil sets them on fire that blows them up on a second.
25:23
So hold on a second. I did not insult him.
25:25
Okay, I did not. I did not all I did was disagree
25:29
and explained that other people were voicing their opinion, just
25:33
like he was. Okay.
25:35
I did make fun of his narrative, okay?
25:38
I did make fun of his narrative and then that's when I got
25:40
blocked, okay, but and if you want, I can show the Tweet Nico.
25:45
So you can embarrass me further. But anyways, the point is, is
25:48
that I don't believe that I want to give space to that narrative
25:53
on the show. That's my.
25:54
But to your point, right? I do see your angle of well,
25:58
hey, you know, like, if you would join us on the show then
26:01
we could have a proper discussion about it and, you
26:04
know, people could make up their own.
26:05
And this is true. You can ask some difficult
26:08
questions on the show, you know. But this is true.
26:11
Hey, dude, listen, maybe he'll join us in a few months, but I
26:14
pretty much burned that bridge for now.
26:15
Like, maybe, maybe it's not burnt, maybe maybe it's just,
26:19
there's like a gate, dude, you know, we went from, Phil
26:23
insulting people, to fill indirectly insulting.
26:27
So we're making progress as what I'm trying to say.
26:30
We are getting better, we are getting better.
26:32
PR were. Yes.
26:33
But it's cool. It's cool because All stays
26:36
based, right? And we need a based person,
26:39
right? We need to be anchored to
26:40
reality like Bitcoin. Anyways for that check this out,
26:43
I'm going to give it, this isn't just soy sauce, okay?
26:47
I don't even know this existed. My girlfriend bought this and
26:50
it's the best fucking tasting soy sauce.
26:52
You've ever had? It's called smoked So you what
26:57
is product of Japan? It's Smoky fucking soy sauce.
27:02
It's delicious. Very good.
27:04
I recommend it. Anyways, I feel like that would
27:07
make salmon even better for some reason.
27:09
It is, I even know this existed even though salmon already has a
27:13
smile, I will never go back to regular soy sauce, ever.
27:16
I mean, I don't, it'll apia because tilapia taste like
27:19
anything. Hmm, right.
27:21
And it'll pick up that Smoky flavor.
27:24
Okay, here we go. So awesome memes.
27:27
I enjoyed the very much and for that, I am going to give it this
27:32
very rare but very cool, decal of and this is okay, this is the
27:38
other logo for the other Citadel flag.
27:41
Okay, there's there's the that's right.
27:43
There's the Synod, I'll flag the crypto cloaks makes right?
27:46
Which I have as well but then there's also the Citadel flag
27:48
that B Ko makes. Hmm.
27:51
I love that. There's different designs.
27:52
That's what Bitcoin All about, right?
27:54
But having both, by the way, I also have the other flag.
27:56
Anyways, guys, we want to know. If you agree with our scores,
28:00
you disagree, let us know what you think about Jason down in
28:02
the comment. Comment, comment down in the
28:04
comment section. Comment, comment, comment.
28:05
Of course, make sure to subscribe to us on alternative
28:08
video platforms, like, Rumble.com in a personal
28:10
favorite. They don't censor their Bitcoin,
28:12
tv.com, and, of course, make sure to join our telegram group.
28:15
So you can link us some dank dank dank Bitcoin memes to
28:17
review. So we can review them on the
28:19
memory View and Phil could pick them and they can be reviewed
28:21
because it could mean review. But anyways, Phil it's Time for
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the Daily News brought to you by crypto cloaks.com they make the
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off crypto, cloaks.com. All right, so this weekend has
28:50
been a clusterfuck of, you know, fails and then And now we have
28:55
giant leaks. It looks like a bunch of
28:59
exchanges, /, Bitcoin, service companies, it was a combined
29:04
attack, right? You had block fi that got data
29:07
leaked, you had Unchained and you had Swan, right?
29:12
So I want you guys. Of course, you guys have
29:15
probably heard this if you haven't now.
29:17
You know. Now I want you guys to pay
29:19
attention to how they reacted, right?
29:22
This is a This is block Pfizer response you know they say I'm
29:27
on Friday, March 18, 20 22 block fight learned of a data
29:31
incident. At one of our third-party
29:33
vendors HubSpot, which is the same one that's wanna use a
29:36
client relationship management platform.
29:37
HubSpot has confirmed that an unauthorized third-party gained
29:41
access to certain block fi client data house on their
29:44
platform. They didn't mention which data
29:49
and now mesh in the. Look at the second page.
29:53
Here are some steps to protect your online presence from a
29:56
third-party bad act. That's your job anyways.
30:00
Third-party practice, good, password, hygiene and able to fa
30:04
turn on allow a on allow list for Block fight the extra
30:08
Village of okay. But hold on a second, none of
30:11
that would have stopped the leak.
30:13
None of that, right? I'm not the only one that I feel
30:16
that but I'm not the only one that feel that way.
30:19
This is unacceptable. You need to tell us exactly what
30:21
was compromised. Glad I yanked on my friends last
30:23
month from block fight, your information will still likely
30:26
included. Right guys great you know, I
30:31
love bitcoiners bro. So he's like saying the truth
30:34
and then now check out the difference in responses, right?
30:38
I personally, I like Swan. Okay I like Cory.
30:40
I like what they're doing over there.
30:41
This is. This was On response right now.
30:45
Look at the difference because it's a very noticeable.
30:48
One first of all, this was written by Corey himself which
30:51
is a CEO Swan then goes on to say maintaining full
30:56
transparency and protecting cust.
30:58
Customer information is extremely important to us and
31:01
say that block by your funds are safe.
31:03
Your Bitcoin is not at risk. Your financial information is
31:05
safe. No action is required on your
31:06
part Swan systems were not compromised.
31:08
What type of information was not compromised, what type of
31:11
information was Sighs. So they go on specifically to
31:16
tell you what is compromised, what wasn't compromised?
31:18
I'm going to read off this because it's very difficult to
31:21
compare the two. Now let me holy shit, this just
31:25
dropped, okay, New York dig which is Bitcoin for
31:30
institutions was also hacked. This just drop just now during
31:33
this recording they got leaked names, email, addresses, and
31:37
phone numbers. That's New York.
31:39
Dig for Swan specifically, what was leaked was Email, addresses
31:44
account, type, phone numbers and company names for Block 5.
31:48
What was leaked was names. Email, addresses and phone
31:51
numbers. Now, there was another leak that
31:54
we actually covered when it came out and that was unchain
31:59
Capital, we're not going to go over it again because we've
32:01
already covered that. What they leaked was names,
32:03
email, addresses usernames, whether users have an active or
32:06
inactive account and IP addresses, this is a massive
32:10
combined attack and what they're doing is really interesting.
32:13
I'm Phil because they're not attacking the exchanges directly
32:17
they're going through, you know, Hey, listen, these people deal
32:20
with Odeon if they deal with email Services, maybe they use a
32:23
third party email company, that's exactly what they did.
32:26
Apparently HubSpot was the one that did the giant fuck up?
32:30
But I mean, dude, this is a huge leak, your name, your email
32:35
address. That was tied to that, dude.
32:38
Like I wouldn't go so far as to, I don't think physical attacks
32:45
will happen because from whatever my understanding, no
32:47
addresses were leaked, but get ready for some very, very, very
32:52
conniving phishing attempts with your name with your email
32:56
address, you know, the fact, exact photocopy to try to get
32:59
you to part with your Bitcoin. So those scammers could take it.
33:02
This is a, you know, cut and again this highlights the
33:06
dangers of kyc and am L this. What happens?
33:10
It's a honey pot of information and this is what we keep
33:13
reiterating, but this is the sad part Phil when this happens, no
33:18
one listens to the damage. It's like, when the Equifax hap
33:21
happened, it was like your social security number.
33:23
All, this catastrophic information that hackers would
33:26
find out. I think they sent you a free
33:27
credit report, the next year, kyc a mount nothing changes, but
33:32
the leaks keep on happening and I think that this discussion is
33:35
very, very important. Not so much in the United States
33:38
were security Do you know, is somewhat peaceful?
33:42
But dude, imagine if you were in, you know, in a more hostile
33:45
or more dangerous country do, and now, all of a sudden, /
33:48
people have your name, your email address.
33:50
Like bro, you don't think that these hackers are going to go
33:53
and it's like, oh, I know this influencer.
33:56
Oh, now I have it's like, dude, this is unacceptable.
34:00
I'm very, very glad that Swan and Unchained, both their
34:04
emails, you know, took full responsibility.
34:06
They said they're going to do better.
34:08
Block phi's approach was Very different, right?
34:11
So, anyways, just some observations Phil.
34:13
What do you think about this? Yes.
34:15
So trusted, third parties are always a point of failure, okay?
34:21
They are always a point of failure and you always have to
34:25
worry about the information that goes out there.
34:27
And as a result, all the information that we put out
34:30
there, we have to be prepared that it, you know, it can be
34:34
compromised, I did see, unfortunately, some some pretty
34:38
bad. Takes on Twitter over the
34:41
weekend about how this you know like people were trying to brush
34:44
this aside saying oh well you know this isn't you know it's
34:47
not really an issue with with KY caml look they gathered that
34:53
data through the know your customer process through the AML
34:57
process. So I don't care what Nuance, you
35:00
know what I mean? You want to try to use to
35:01
convince yourself that? That's not what happened.
35:04
But unfortunately, that's what happened, you know?
35:08
And as a Like, here we are. And yes, it is.
35:13
Look, if you've never experienced phishing emails,
35:15
which I think almost everybody has at this point, you know,
35:18
that they can get really good. Yeah.
35:22
And you can definitely find yourself second-guessing
35:25
yourself like you're looking at it and I've even done it and I'm
35:28
like okay let me go look at this again and then you end up seeing
35:32
the Nuance, write the 0. That's the 0 or the one instead
35:36
of the L or whatever it is you know it's my God.
35:39
Gosh you know or just the addresses all together fake, you
35:42
know? So just be careful because yes
35:44
they are definitely going after your Bitcoin and I just want to
35:48
add just to finish up. Okay, there's an older book, a
35:52
great book, okay? Called the art of deception.
35:55
It's the Kevin mitnick story and for the people who don't know
35:57
who Kevin mitnick is, he is by far one of the best social
36:01
engineer quote-unquote, hackers. I've definitely ever read about.
36:04
And now, although that book is older, okay?
36:07
It does explain this. Vector type of attack, right?
36:12
Because the thing is, is that, okay?
36:14
Look, the honey pot itself is always going to have a lot of
36:17
security, but there are many weak points around it.
36:22
And that's what these people do is, they try to find the weak
36:25
points around those secured honey pots.
36:29
And they try to break into them through those weak exterior
36:33
doors, right? So an essentially, like this is
36:36
exactly what happened. Now, I'm sure there's better
36:38
books than that, that came out since Since then, but if you
36:40
want a good Baseline, I think the art of deception is a great
36:43
place to start and it kind of teaches you a little bit about
36:46
the, you know, kind of like the the workings of you know, how
36:50
something like that. You know, comes about very
36:52
interesting. Yeah, it's it's, you know, get
36:55
ready. I think you, I think you hit the
36:56
nail on the head get ready for those social engineering types
36:59
of attacks. Anyways, in other news, check
37:02
this out. This is how much they hate you
37:04
really. I like, I don't know how, I
37:05
don't know how. I don't, I don't know how else
37:07
to phrase this like connect us with The video of what the head
37:11
of the Department of energy in the United States had to say,
37:14
like this is the same type of elitism.
37:16
Like this is, I don't know what to say.
37:19
Like look at the name of the goddamn title inflation.
37:21
Sings most. If you earn less than 300 K A
37:25
year, here's how to deal. Damn.
37:28
No fucking close though. No shit.
37:31
No shit was so close. Like you know how small that
37:35
percentages like it's less than 10%.
37:39
So it's like what are they saying?
37:40
You don't earn 300 K A year who doesn't come on?
37:44
Who doesn't like, dude, like briefly.
37:46
I know. Like, dude, this is ridiculous.
37:49
Man. This is ridiculous, row.
37:51
This is insane. Okay, shame on you to Reza
37:54
get-go, Dieci Gucci, whatever. Anyways if your income is more
37:59
than 300 K, know if your if your income is more than two hundred
38:04
and eighty nine thousand dollars a year, the run-up in gas
38:07
prices, might be alarming You think like what do they try?
38:11
I don't know how they were trying to phrase.
38:12
This are they trying to like point to the fact that it's like
38:15
this shit sucks? Like there's no no.
38:17
It's like, but don't pay if you make 300K, it doesn't suck for
38:20
you. The the excuses and I got this
38:22
from Kaiser by the way and it's a brilliant.
38:24
Take the excuses themselves are suffering from inflation.
38:29
Like they're getting more and more ridiculous as they go.
38:33
Oh man. Okay but it's unlikely to hammer
38:36
your overall finances after all Americans at that level.
38:39
Will spend no more than 1% of their take-home pay on gas and
38:42
oil. Thank you for letting us know
38:45
what those Americans that earned 300 K, spend on gas and oil.
38:49
Every year, I appreciate it for those earning much less like
38:53
most of us. It's a different story.
38:55
Those at the medium income, with, with income of about 50 k,
38:59
spend more than three percent of it on, gas and motor oil.
39:02
Low income households making between 7,000 and 19,000, spend
39:06
about nine percent. But It's okay because you could
39:11
just get an electric car. The latest inflation numbers
39:14
show gas prices jumped six point, six percent in February
39:16
from a month earlier even before President, Joe Biden band us
39:20
Imports on Russian oil. Okay?
39:22
So I know what a lot of you guys thinking, what the fuck does
39:26
this have to do with Bitcoin has everything to do with Bitcoin?
39:29
Because if you Earn in dollars and you save and dollars.
39:34
You are fueling. This Beast, you're fueling
39:36
political money. So any political goals that that
39:41
politician and power happens to be in like Trudeau freezing bank
39:45
accounts and Canada like Joe, Biden, taking all of
39:48
Afghanistan, completely off the banking system.
39:51
People are literally starving there that's political money.
39:55
If your present happens to be hostile towards gasoline because
39:58
he has a utopian vision of an Car future, you're going to have
40:03
to deal with it. How do you not deal with it?
40:06
You op the fuck out and you buy yourself some Bitcoin and you
40:09
start denominating your life in Bitcoin.
40:12
I promise you, your life will get better.
40:15
A once you disconnect from the Fiat Matrix, your you will have
40:20
hope for a better future, you will be optimistic.
40:23
You will feel better about yourself.
40:25
You won't have to worry so much about.
40:27
Oh my God, what am I going to do in the future with this, because
40:30
instead of your Money losing value and money's relative
40:34
right. Your money increases in
40:36
purchasing power over time. It's a totally different
40:40
dilemma. So, what is your option
40:43
political money, right? Which we've seen plenty of the
40:46
video we showed. These are the elites.
40:48
These are your so-called betters.
40:49
This is what they think of you. It's okay.
40:53
As long as you're in 300K year, you have that or you have your
40:59
money that you actually can own. Take sole possession.
41:03
No fear of debasement. No fear of confiscation.
41:07
You have Bitcoin. Those are your two options.
41:09
And by the way, option A is going to get a whole lot scary
41:13
with Central Bank, digital currencies.
41:15
Phil, did you go get pizza today?
41:17
That's bad for your diet - 20 points for you?
41:20
We're going to subtract 100 dollars from your account.
41:22
If you think I'm joking, look at Canada are not peaceful
41:26
protesters. They were in bounce houses, they
41:28
got their accounts Frozen, no court order nothing.
41:34
Freeze. That shit.
41:35
So you're telling me that in 10 years, Phil, do you have an
41:39
electric car? Not yet.
41:41
It's - 2000 like, bro, like evil bounce houses Neko.
41:45
No, one dessert. What my point is that no one
41:48
deserves no, single human being deserves the power to get to
41:52
decide whether another human being should be able to use
41:55
money or not. And the sad reality is is that
42:00
you're either in the state's money or your in Bitcoin.
42:04
You can kind of be hybrid and straddling the to, but I'm
42:06
telling you, you'll more likely fall into Bitcoin if you start
42:10
straddling, right? So dude, I don't know how else
42:13
to see this feel like it's just this is clown World, brother.
42:16
Literally telling you, you don't have to care about inflation.
42:19
If you make more than 300 K year, this is fucking
42:22
ridiculous, bro. Phil I yeah, the whole time you
42:26
were, you were going through it. And then, giving your opinion,
42:28
I'm thinking to myself, I'm like, okay, so did we
42:32
misunderstand the Meaning of that article like is it, is it
42:36
trying to make us hate or strongly despised?
42:41
The people that make more than 300 K IC?
42:43
Or is it trying like like it's like what like to me like that
42:47
creates this weird division right?
42:49
Lab class warfare? That's this information.
42:52
Yeah, right. And and and it's like, and I
42:56
love how they give this statistic, right?
42:58
Less than a four or approximately one percent of
43:01
their net income goes to gas and oil.
43:04
Well, no shit, no shit. So little of their income goes
43:08
to gas and oil. Look at the proportion of their
43:11
salary, right? And I just I find it.
43:15
So it's so that. See, that is toxic.
43:20
That is divisive, right? Like that article didn't help or
43:26
inform anyone, okay? So that's why you got to ask
43:31
yourself, why are they telling me this?
43:34
Information and think about your reaction immediately right?
43:37
I think about my reaction immediately it's like I'm not
43:41
upset, right? Like, I'm not upset at the
43:43
person who earns that much, they did what they had to do to get
43:46
into that position to earn that much, what I'm upset about, is
43:51
the fact that why isn't the money that we have retaining the
43:56
value that it should? And why is this going up when it
44:01
shouldn't? Why did we displace our energy
44:03
production? Action.
44:05
Why did we screw ourselves? You know what I mean?
44:07
Like it's like the anger doesn't go to the place.
44:10
This article wants it to go to if you're actually paying
44:13
attention to why you're getting poorer.
44:15
I mean that's the genius of it, right?
44:17
It's like pee. It's the rich people that are
44:19
causing this right were in fact, it's the government.
44:23
It's the state. They'll pursue the people that
44:25
are supposed to provide you for a better solution.
44:28
Dude, it like now that you pointed it out, I cannot see it
44:31
because you can't come to another logical.
44:34
Loser. What the f was the point of that
44:35
article other to create class conflict it?
44:38
Yeah, I don't get it. Why why tell us this like no
44:42
shit, no shit, it costs, less for a rich /.
44:45
Oh my gosh, no way the rich person doesn't struggle as hard.
44:48
We are shocked and surprised you could bury the lead.
44:51
You could bury the lead and like name have it, you know,
44:53
different title. He's saying, hey poor people are
44:56
getting hurt most by inflation. No, it doesn't say that.
44:59
Does if you make 300,000 here, okay?
45:01
Like no, man, it I totally agree.
45:03
I think this Total, you know, there's a bait-and-switch and I
45:06
felt I fell for it. None of us like this.
45:08
I just makes me upset. I did two initially, but it was
45:11
you reflecting on it. That got me down.
45:13
Like all right, why are they telling us this?
45:14
Like what it like I'm just pissed now you know.
45:16
Yeah and I think you made one excellent point and all kind of
45:19
end it with this bill is look, you made an excellent point
45:22
which is why are people affecting, you know,
45:26
specifically people in government affecting the price
45:29
of power and gas and whatever, that's a really good point.
45:33
But here's the thing. Thing whether you, whether you
45:36
put what are your political beliefs support that or not?
45:39
The sad reality is that you are making other people poor with
45:43
your political beliefs. I fundamentally believe that
45:46
money and politics should be completely separate.
45:49
You shouldn't have to shoulder. The burden for what some
45:54
bureaucrat politician. Central planner has to do like
45:58
what they want to do. They shouldn't have the ability
46:01
or the power to affect your life.
46:04
I think that's corrupted, every facet of society.
46:06
I think we're reaching the Pinnacle of that, right?
46:09
We're reaching Peak centralization, bro.
46:12
We're literally feel like you have politicians, they don't
46:15
even care anymore. This was Unthinkable, 20 years
46:18
ago, if you have the wrong but this is happening in the west.
46:21
If you have wrong political beliefs, they other you they
46:25
freeze you. They starting with the
46:27
platforming and everyone was up in arms.
46:29
This like, dude, this isn't gonna end and now it's reached
46:33
money. Finance half of every
46:35
transaction that's ever happened in the world.
46:38
Now that's affecting it. Now you have a better option
46:41
which is a political money. Money can't be sent, does it
46:44
matter who you who's using Bitcoin?
46:46
You can't stop them from using Bitcoin and that's the point
46:50
Works. Similar to freedom of speech,
46:51
right? Where you have the First
46:52
Amendment, the u.s. founding fathers came to the conclusion,
46:55
whoever gets to decide what speech is not go k.
46:58
And okay, is going to be the Tyrant, right?
47:00
So Bitcoin kind of has similar principles.
47:03
Disagree. I don't know.
47:05
But anyways, Phil there was an open source software released
47:07
today. Why do you tell everybody about
47:09
it software releases? Brought to you, by Cipher safe,
47:13
you need to store your seed, I need to store my seed.
47:15
Let's face it. We have to store our seeds store
47:19
it in the okay, store it in the Cipher wheel or the all new
47:23
Cipher grid. They both come with
47:26
tamper-resistant wire, but the cipher grid comes with a punch
47:29
tool. All right?
47:30
We've got Sparrow wallet version, 1.2. 6.2 that was
47:35
released its Down Below in the show notes, guys, don't forget
47:38
to check us out. On our Audio Only podcast on our
47:41
our, on our Audio, Only platforms, Apple podcast,
47:47
Spotify, anchor, and if you want to stream a SATs Fountain dot, f
47:53
m--. I was almost going to say anchor
47:54
again. Awesome, awesome.
47:57
Thank you, Phil. All right, guys, I wasn't sure
47:58
before we go, I want to give a very special shout-out to her
48:01
awesome. Hoodie sponsor, clothing
48:03
sponsor. I'm not going to just screen
48:05
share between me and Phil because Phil and I are wearing
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the exact same one. This is the decentralized work.
48:10
We don't plan this and you can take advantage of the link down
48:14
below for 10% off. Anything off the rep heart.com
48:17
store. Check it out today.
48:19
But anyways, guys are. So if you enjoy the show, you
48:21
know what to do smashed, and I've been in special, and of
48:23
course, if you want to continue hearing the Bitcoin, use from
48:25
the Polly Platt perspective, in the catastrophic fails from the
48:28
central planners, definitely consider subscribing to Simply
48:30
Bitcoin. And we'll see you tomorrow guys
48:32
for any episode. There are Trusted third parties,
48:35
it's time to separate money from State.