Latest / Simply Bitcoin / Does Trump Secretly Like Bitcoin? | EP 438

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Does Trump Secretly Like Bitcoin? | EP 438 · Simply Bitcoin

0:00
I don't believe sufficient evidence of a good money against
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before we take something out of the hands of governments.
0:08
Welcome everyone. We're simply Bitcoin.
0:10
We break down the news. The daily fail mean review,
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software releases Hardware releases and the websites by
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plebs joining us today fellow Bitcoin ER and host of The
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Awesome YouTube channel, Boolean Bitcoin and bullshit.
0:25
We've got G money joining us and we are diving into the numbers.
0:29
Let's Do it, people brought to you by Bitcoin 2022, it's gonna
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tickets to bitcoin 2022. At the time of this recording
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the block. I'd is 720 4660 to the Bitcoin
0:56
price 30 7540 chain rewrite. He's 681 total public lightning
1:03
capacity, 3453 dot 61 Moscow time, 2664 blocks to The
1:10
Happening 115,000 338, and the samurai Whirlpool, unspent
1:17
capacity is 4330, 4.54. And for the people who don't
1:21
know what that is, that is a coin or collaborative spend
1:25
service Nico. The numbers we have to take
1:28
advantage of Talking about Samurai, dude, because you know
1:32
these dark days, it's just it's taking until that becomes
1:35
illegal. So anyways, might as well take
1:40
advantage of this time, but anyways, Phil I have some very
1:43
interesting stuff that we could talk about today.
1:45
So we're going to talk about in the new segment but I'll give
1:49
you guys a hint. There were some news out of
1:51
Europe that the European commission wants to ban proof of
1:55
work. We're going to talk about, we're
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going to explore more about it during the news but This is why
2:01
what they're saying is total bullshit.
2:03
These are the same people that, you know, shut down all the
2:06
nuclear energy in Germany and then they ended up German German
2:09
electricity prices ended up going through the roof and they
2:11
ended up being essentially like stuck to Russia by the hip and
2:15
they have no option but to buy natural gas from Russia.
2:19
So again, you burn their field though, maybe they could they
2:22
could burn their feet out for heat.
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That's, that's absolutely true. Gee money.
2:25
So yeah like it's just these people are nuts like they I get
2:29
it, it's a noble cause Cause right?
2:30
They want to do, they wanted to Green energy, they want to save
2:33
the planet, whatever, but in reality is much different than
2:36
their reality. And anyways, this is reality
2:40
star. On the real side, this is he's
2:41
talking about, Texas is Sean Canal.
2:44
He says Bitcoin mining as flexible load, could be the best
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described as Valley, filling the valley represents, approximately
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95% of the total load with the Peak at being 5%.
2:54
He's talking about essentially how and the energy grid.
2:59
See how the Demand of energy, usually transpires throughout
3:02
the day that the peak is usually in the middle of the day.
3:05
And then it just kind of goes down at night when people are
3:07
just kind of go to sleep and they're not using that.
3:10
And the same cycle repeats itself, right?
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Or I forgive me, I think it's at night that people use more
3:16
energy for lights and all that stuff.
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And it's actually during the day that people use less energy.
3:20
So the problem with green energy is that solar energy produces
3:24
the majority of its energy during the day when people
3:26
aren't using energy electricity. And the thing about it,
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Electricity, is that it's not very, what's the word?
3:34
It's not very, it's not very efficient to store so you kind
3:38
of have to use it on the spot, right?
3:42
So it creates a problem, right? There's excess energy during the
3:45
day but at night, right? There's no sun, there's no
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energy and the thing is you're going to have to be you're gonna
3:52
have to rely on hydrocarbons. Now the thing with wind is that
3:56
wind is also unreliable, right? Some days are going to have win
3:58
some days, you're not going to have And and the thing with
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eletric electric grids is that they need that stability.
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It's actually very expensive to overproduce or under produce,
4:08
right? And here's where Bitcoin, fix
4:10
fits into the equation, because Bitcoin provides stability to
4:15
the grid because it's always there, it's a buyer of Last
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Resort, right? And it is a very good diagram,
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or some pictures, right? Essentially, explaining that
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right. And says over the past over the
4:28
over the past five years, in West, Texas 95% of all ours were
4:32
under $100 with five percent price - Bitcoin miners could
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help with Valley filling to improve renewable economics by
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shifting left tail into the middle, right?
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And kind of go back up here, this is what this is the so to
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connect this with the example that I was talking about, this
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is the nighttime, the peak electricity usage and then, you
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know, during the day, it goes down to creates a valley.
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And here's these what he's talking about.
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The valley filling right Bitcoin provides stability because it's
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always there, right? And then in peak times, right?
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You could just unplug the miners and that isn't theoretical
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anymore. That's exactly what the biggest
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Bitcoin Miners did during the latest winter storm in Texas.
5:15
Right. So they actually came through
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that isn't theoretical anymore, right?
5:19
So very interesting stuff and this is essentially how it was
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before, right? You know, they had to do all
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these weird things Bitcoins. Just, it's always there, right?
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It provides that that buyer of Last Resort and if you actually
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look at, you know, the actual data of it, right?
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Here's the peak, right? The peak is only 5% of all hours
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and that's where Bitcoin miners would actually shut off and they
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would shut off following their own economic incentives.
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Right. Not through corrosion because it
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would be too expensive for them to continue mining right?
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Think about it. Bitcoin miners need cheap
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electricity cheaper. Electricity is their basic
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supply and demand when there isn't A lot of people buying
5:58
electricity, right? Which is in the, in the off
6:00
hours, right? So again, it provides stability
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to the grid and here is one of the values, right?
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We're the electricity or, you know, essentially it's zero.
6:09
There's no one there, right? There's a lot of Supply but not
6:12
that much demand. Bitcoin fills that up, right?
6:15
So that's the beauty of Bitcoin. I think that's what these
6:18
European politicians are not being sincere about.
6:21
I think that they have more ominous goals.
6:25
We're going to talk about that a little bit.
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Bit during the new segment but yeah, you know.
6:29
And again it's a complicated topic.
6:31
I tried my best to explain it and I had some diagrams, right?
6:35
But again, don't let people tell you that Bitcoin is bad for the
6:39
environment because they're not telling you the whole picture
6:42
right there not being 100% transparent, they're using
6:46
buzzwords. They're, they're trying to
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accept you with this idea that Humanity making producing more
6:52
energy is a bad thing. When I would like to say that,
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you know, the it's We correlated that the more energy that
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Humanity uses the more prosperous as a species we
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become. So anyway and of course Bitcoin
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is going to facilitate that because like I've tried to show
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during the diagram, it provides stability to the grid where the
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grid doesn't have to be guessing because they know there's always
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going to be a buyer of Last Resort, Phil.
7:19
Yeah. So a couple of points on this,
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you know, the I'd often see this Fudd, you know, about how, you
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know, And is taking up too much energy, and it's putting too
7:28
much strain on the on the grid itself.
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But really if we dive into that, which we have ourselves gone
7:36
into that, we've shown that it's actually the Grid's themselves
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that are underpowered and under maintained and as a result
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couldn't handle the load. So there's that aspect of it as
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well. So, to your point, this Valley
7:46
filling right would allow would allow the grid operators and the
7:50
owners to better project their earnings as well and to possibly
7:55
maybe. You know, invest in regular
7:58
maintenance of the grid so that, you know, there's that piece of
8:02
it to my second point of this is to the nefarious.
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The nefarious portion, I don't think proof of work.
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I'd look, this is just an attack Vector in my eyes.
8:12
This is just a bullshit attack, Vector proof of work enables
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Freedom Money. Free money is bad.
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Freedom, money is bad for the state, so that's it.
8:21
So here's their angle. You know what?
8:23
They're shooting everything you can.
8:24
Right now, you can also take a look at what is it called?
8:26
Us to run our current Financial system.
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How much do all the bank's, use an energy.
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I mean, That's a classic one in all the ATM's and all the boys
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said this to print the money, right?
8:35
So I mean, That's a classic 12. It sounds like you're peddling
8:39
misinformation, bro. If it's if it's for if it's not
8:45
if it's a gay, if it's against if it's against the The
8:48
corporate-owned Narrative, then we are extremists and tinfoil
8:52
Hatter's. Yeah, we are all rare
8:54
right-wing. Extremists that are dangerous.
8:56
A democracy. But yeah, it's it's the whole
8:59
thing is, it's Shady to say the least, but I'm happy that this
9:03
is happening in Texas. And I think that even as much as
9:07
they try to fight it right? And this was the case with
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China, right? They ban Bitcoin mining but it's
9:11
still estimated that 10 to 15 percent though.
9:14
The hash rate is still coming from China.
9:16
Governments are not going to be able to prove to replace the
9:19
incentive, that the Bitcoin Network report that the Bitcoin
9:22
Network gives and we had during the, you know, creepy cleaning
9:26
up. Krypto committee during the
9:28
Senate, right? You had the CEO of bitfury,
9:31
essentially, making the argument, it's like, listen,
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Bitcoins going to enable renewable energies.
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To be profitable versus how they are now where they only exist
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because of government subsidy, right?
9:42
And that goes to the Valley and the peak thing that I tried to
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explain the best I could during during shrink showing that
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tweet. So, yeah, it's it's it's
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interesting to say the least and then you have innovators, like,
9:55
Intel that are coming out with the new chick.
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The supposed to be here thousand X more, you know, cost
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efficient, energy, efficient and imagine if we had toasters that
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you could just plug in your heating.
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If you're using an everyday appliances, why not have a
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little Asic or something in there that can mine a little bit
10:09
of Bitcoin at the same time? Absolutely.
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I think that there's a lot of signal there.
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Right. It's like a sixth, like think
10:15
about a heater, right? A heater is just uses energy and
10:19
heat something up, but it's like at least with a Bitcoin miner,
10:22
right? It makes Bitcoin and it releases
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heat, right? So, Like there's Beauty there,
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right? There's actual value of making
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heat right or making at electricity into heat anyways,
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and there's so many innovations that can be done with solar
10:36
panels on top of your roof. I mean, people literally have
10:39
like money printers on their roof, right?
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Because you can just I mean, if you look at the cost basis for
10:44
solar, it's actually not that bad and you can throw a minor in
10:47
there. And now, you're actually
10:48
printing money on your roof, literally, mean, Elon Musk
10:50
actually set it that he had print money printers on their
10:53
roof. And when you connect Tesla to
10:56
the Petals and then he connected to a Bitcoin miner.
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I mean that's literally what you're doing.
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Yep. Absolutely.
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There's some signal there but they don't want you to know that
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because again we're it's a conspiracy theory, all of it.
11:07
Anyways Phil it's time for the daily fail brought to you by
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Ember app. Check them out.
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Amber dot app. It is Bitcoin Made Easy the
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automation. The link is down below, smart
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ways, that cells. We've got one world economic
11:28
Forum. I'm going to show you guys this
11:29
video. This is a world economic Forum
11:32
video, essentially, with a person talking about how data is
11:36
going to be used in the future and how the quote unquote, you
11:40
know, masters of our of our society are going to use this
11:44
data. So this is a tweet though, from
11:47
from their Gigi, and I do appreciate this.
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It's means a lot to me. Miss me with that shit.
11:52
Damn, right. Miss us all with that shit.
11:54
Okay, and we're going to, we're not going to watch the Video.
11:57
We're just going to look at a little segment of it.
11:58
Then this should sum it all up for us.
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Here we go. Now, how exactly will the future
12:05
masters of the planet look? Like this will be decided by the
12:11
people who own the data. Now why is data so important?
12:16
It's important because we've reached the point when we can
12:21
hack not just computers. We can hack human beings and
12:27
other organisms. Now, what do you need in order
12:31
to hack a human being, you need two things, you need a lot of
12:37
computing power and you need a lot of data, especially
12:41
biometric data. But control of data might enable
12:46
human Elites to do something even more radical than just
12:51
build digital dictatorships. By hacking organisms, Elites May
12:57
gain the power to re-engineer the future of life itself.
13:02
Because once you can hack something, you can usually also
13:06
engineer it all of life, for four billion years dinosaurs,
13:11
amoebas Tomatoes. Humans, all of life was subject
13:16
to the laws of Natural Selections and to the laws of
13:20
organic biochemistry. But this is now about to change
13:26
science is replacing evolution by natural selection with
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evolution by intelligent design. Not let's stop right there.
13:38
Let's just stop right there. Ah, here we heard intelligent
13:43
design before is this? That is some scary stuff.
13:48
Okay, I want no part of it, and that's why I thought that their
13:52
GT. Comment, miss me with that shit
13:55
was so appropriate. So before we dive into the meat
13:57
of this fail Nico, what you have any thoughts on this?
14:02
Yeah dude. Look at the central planners
14:05
always think they know what's best.
14:06
Right? And you clearly, you have
14:08
intelligent like who. There's a group of people that
14:11
think, they know better than millions of years of evolution.
14:14
That is the hubris of these people, right?
14:17
And it's like, what type of evil will type of like ungodly thing
14:21
that I can't even imagine. In my head is going to come out
14:24
of that, like, it's absolutely terrifying off the fuck out,
14:28
dude, I opted out of their system by Bitcoin because these
14:31
people have absolutely lost their minds and again, total
14:34
coincidence today. But I'm glad that Phil played
14:37
that video because I have a video, like smoking gun right
14:44
about the wef during the news that I think it, dude, listen.
14:48
I think that we didn't even cover this that long ago, but I
14:51
think that this W. We have this whole chibok away
14:54
went from Alex Jones, conspiracy territory to people started
14:59
doing digging now. It's being mentioned on The Joe
15:01
Rogan podcast now, it's like today a video came out from
15:05
Canada, right? That is just like this, it can't
15:09
be a conspiracy anymore. Like this is just, it's clear as
15:12
day. These people are admitting it,
15:13
you have Klaus egg. We've captured the cabin.
15:15
It's like come on, bro. You know, and now you have this
15:19
guy's, essentially, go ahead, you money.
15:20
You want to say this is another cool feature, right?
15:22
I mean it. Talking about it being hackable.
15:24
So I'm in the tech industry, right?
15:25
And so I talked to programmers, sometimes they go, well,
15:28
Bitcoin, is it uses a lot of energy and like it's not very
15:31
efficient and I go, you know what, you're right, and it's
15:35
built to be not efficient because you can't hack it.
15:38
You can't. There's no quick way to mine a
15:41
block, right? I mean it's built so that you
15:43
can't freaking hack it. So if you were going to secure
15:46
the entire world's wealth into computer code, wouldn't you want
15:49
it to be something where it was super?
15:51
Like, not an efficient in terms of Like programmable code but
15:54
inefficient in terms of trying to hack it.
15:56
So I think that's a really interesting point is that you
15:59
can't hack Bitcoin. So I mean it's unhackable to
16:03
change the G. Money's point, right?
16:05
We've sorry Nico. We've shown how many times how
16:07
expensive it is right to actually go like when we show
16:11
the chain rewrite days. That's the amount of days that
16:14
at a minimum that you would have to sit there and spend money on
16:18
the network. And if I'm not mistaken, you'd
16:20
have to have over 50% of the hash power over. 1% of the hash
16:23
power for that many days so you do the math.
16:27
Yeah it's it's it dude. It's what you said.
16:31
Like there's no there's no shortcut to guessing numbers and
16:34
that's essentially with mining is, right?
16:35
You're going to have to guess and you're not going to guess
16:38
very well if you have a very small if you have a small amount
16:41
of hash rate it's just I finally showed him the light with the
16:44
lightning Network. Once I showed him the lightning
16:45
Network he was like okay I think I'm going to finally buy some
16:48
Bitcoins its people people, you know?
16:52
Again we're going to About pair of work, a little bit on this
16:54
episode right because the Europe went crazy.
16:56
And people think that proof of ID to add to what gee money was
17:00
saying. People think that proof of money
17:02
is a be proof of money. Proof of work is flawed, but in
17:05
reality, the energy usage is by Design, right?
17:09
It's what makes it uncorruptible and I love the reaction from the
17:13
central planners. And from the bankers, they can't
17:16
have that type of system. Which is why they'll back
17:19
something like aetherium, right? And you have, you know, one of
17:22
the theories. Mm board members, which sounds
17:24
funny to say on the world economic forum and then you have
17:28
bit, you have the world economic openly attacking Bitcoin, right?
17:31
Because again you know, their Elites they think they're better
17:33
than you and they're not going to be able to get an upper leg
17:37
on you in the Bitcoin, the Bitcoin Network, right?
17:40
But anyways, Phil what is the next fail?
17:41
Alright, we are going to take a look, shout out to to Darth coin
17:46
for putting this in the telegram group and tagging us.
17:49
Okay. We're going to take a look at
17:51
the Dow hack. From 2016.
17:54
And what the Dow was was essentially the I guess you'd
17:57
say the first decentralized, you know, I'm totally forgetting
18:02
what the definition is of do, I apologize.
18:06
But anyways, it was essentially, the first big crowdfunding done
18:09
on a theorem and within one week that it went live, it ended up
18:16
getting hacked. So anyways, Laura Shin did a
18:19
fantastic write-up about this and She also puts forward a
18:25
theory as to, who is responsible for it because to this day,
18:29
we're still not 100% sure. So anyways, let's dive in.
18:33
Here we go. Austrian programmer and x shit.
18:36
Coin CEO, likely stole 11 billion of ether.
18:40
Now, keep in mind, guys, this is a very long article.
18:42
There's a lot of, there's a lot of nuance in it.
18:44
So what I did was was that I went through and just took out
18:47
the main points, okay? Because otherwise, we're going
18:50
to be here forever on this fail because there's a lot.
18:53
More to this than what's in this article.
18:55
Anyways, let's dive into it, who committed the largest theft of
18:58
ether ever by hacking the day out, the decentralized Venture
19:01
Capital fund had raised 139 million in ether.
19:05
By the time it's crowd sale ended in twenty sixteen Weeks
19:08
Later, a hacker siphon 31% of the eith in the day. 03, .64
19:14
million dollars were total or about 5% of all eith then
19:19
outstanding out of the main Deo and into What became known as
19:24
the dark day. Oh, Toby hodesh a 36 year old
19:28
programmer, who grew up in Austria and was living in
19:30
Singapore at the time of the hack.
19:32
Until now he has been best known for his role as co-founder and
19:36
CEO of 10x, which raised 80 million in 2017.
19:39
S initial coin offering to build a shit coin debit card and
19:43
effort that had failed and just throw in some commentary.
19:47
I was one of the suckers that bought from 10x.
19:49
Okay, I was one of the people who figured that this made Sense
19:53
immediately, when I, when I read the white paper, I was like, of
19:56
course, I'm like this needs to be money and it's going to have
19:59
its own card. This is better than Bitcoin and
20:01
of course it costs it a 100th of it.
20:04
So of course this is going to be the next Bitcoin and yes, I was
20:08
wrong. Anyways, let's proceed polish
20:10
roads. An email, your statement.
20:13
And conclusion is factually inaccurate in that email Hornish
20:17
offered to provide details refuting, our findings, but
20:20
never answered my report. Follow up messages to him asking
20:25
for those details the day, Olaf famously and controversially
20:29
prompted etherium to do a hard Fork where the etherium network
20:33
split into two as a way to restore the stolen funds, don't
20:38
get me wrong, but at the end of the day, this is something on
20:40
bitcoin that can't be done. So, and then there's a reason
20:44
for that. Anyways, ultimately, those
20:48
stolen funds became the dark Deo and they weren't holding, 'if,
20:51
but they were holding. Less valuable etherium classic,
20:55
the proponents of the hard Fork, hope TTC would die out.
20:59
But it now trades around 30 bucks.
21:01
And as I've told you guys in the past shit coins, don't die.
21:04
They just become zombies and they sit around to wait for the
21:07
next group of bag holders to buy in that this is going to come
21:11
back. And I remember this e TC was
21:14
Shield like a year and a half ago.
21:15
Two years ago, that it's gonna come back, there's the devs are
21:17
coming. They're going to do this amazing
21:19
stuff and no, nothing's happening.
21:21
Nothing's happening at all. Ways since Hornish won't talk to
21:24
me, this is Laura Shin the author that that's explaining
21:27
this I can only speculate about his possible motives back in
21:30
2016. He identified technical
21:31
vulnerabilities in the Deo early and may have decided to strike
21:35
after concluding. His warnings weren't being taken
21:38
seriously Enough by the creators of the Deo, one of his 10x
21:41
co-founders, Julian hosp, an Austrian medical doctor who now
21:45
works in blockchain full-time. Says Hornish he is a person that
21:49
is super opinionated, always believed he was right.
21:52
Always looking at from that perspective.
21:55
This is also a tale of the big brains and big egos that drive
21:59
the crypto World in early 2016. The etherium network was not
22:04
even a year old and there was only one app on it that people
22:07
were interested in the Deo. A decentralized venture fund
22:11
built with a smart contract that gave its token holders, the
22:14
right to vote on proposals submitted for funding, it had
22:18
been created by a company named slock.
22:22
T. All right so Theory.
22:24
Mm there's that there's there's the Deo that they created with
22:28
this company slock it, okay? So let's just keep that all
22:31
together. All right, on the morning of
22:33
June 17 thethe reached a new all-time high of 21:52, making
22:37
the crypto in the Deo worth two hundred and forty nine point six
22:42
million dollars, a day of slack Community member said something
22:46
weird was happening. It looked like funds were being
22:49
drained, green who works for slock.it.
22:52
It's Employee and Community organizer checked.
22:55
There was indeed a stream of 258 eith then, fifty six hundred
22:59
dollars worth transactions leaving the Deo by the time.
23:03
The attack stopped a few hours later, 31% of the eith in the
23:07
Deo had been, siphoned out into the dark day.
23:11
Oh so essentially here's a little graph that that can show
23:13
you the you know, the history, the timeline of what happened.
23:16
So here you can see the day of sale, the end of the day.
23:18
Oh crowd sale. The the hack and then You know,
23:23
the very difficult decision that had to be made to restore
23:27
everyone's funds because otherwise it would just prove
23:29
that what was true. Eat this a failed project and
23:33
you're sitting on a shit coin. Anyways, let's continue the
23:36
etherium community pinpointed the vulnerability that enabled,
23:39
this theft the day of smart contract had been written.
23:41
So that anytime someone withdrew money, the smart contract would
23:44
send the money first before updating that person's balance,
23:48
the attacker, had used a malicious smart contract that
23:51
withdrew money. The 8e that a time then
23:54
interfered with the updating of the contract, allowing them to
23:58
withdraw the same. Ethos again.
24:00
And again, it was as if the attacker had 101 dollars in
24:03
their bank account, withdrew $100 at the bank, then kept the
24:06
bank teller from updating the balance to a dollar.
24:09
And again, requested and received the next hundred
24:11
dollars seems like a really simple hack for something that
24:17
was supposed to be so big. I just anyways.
24:21
Alright, eventually after a much bickering on Reddit, on a slack
24:24
Channel over email and on Skype calls and a thief's end
24:27
etherium, founder butyrin publicly weighing in.
24:30
And after it seemed that a majority of the theorem
24:32
community supported the measure aetherium did a hard Fork on
24:36
July 20th. The ethereum blockchain was
24:38
split into two all the eith that had been in the day.
24:41
O was moved to a withdrawal contract, which gave the
24:44
original contributors the right to send in their Deo tokens and
24:48
get back eith on the new blockchain.
24:51
The old Block Chain. Which still attracted some
24:54
supporters and speculators carried on as etherium.
24:58
Classic or as we know it e TC on aetherium, classic the Deo and
25:02
the attackers loot in the form of three point, six four million
25:06
etc', remained that summer the attacker moved their etc'.
25:09
A few hops away to a new wallet, which remained dormant until
25:13
late, October. When they began trying to use an
25:15
exchange called shape-shift to cash.
25:17
The money out to bitcoin shade shift at the time, didn't take
25:22
personally, The identifying information.
25:24
The attackers identity was not known, even though all their
25:27
blockchain movements were visible.
25:28
The hacker managed to obtain 282 Bitcoins.
25:32
Shape-shift frequently blocked. Their attempt, their attempted
25:35
trades, they gave up cashing out leaving behind 3.4 million in
25:39
etc', then worth 3.2 million. But today is worth more than 100
25:45
million jumping off from the coin from analysis, blockchain
25:48
analytics company, chain analysis saw, the presumed
25:50
attacker had sent 50 B. To a Wasabi wallet, a private
25:55
Bitcoin, a private desktop Bitcoin wallet that aims to
25:58
anonymize transactions by mixing several together in a so-called
26:02
coin, using a capability that is being disclosed Here.
26:06
For the First Time sounds like a sales pitch chain analysis, D
26:10
mixed the Wasabi transactions and tracked their output to for
26:14
exchanges in a final crucial step an employee at one of the
26:17
exchanges confirmed, one of my sources that the funds were
26:21
swapped for privacy. Oin grin and withdrawn to a grid
26:25
node called grin .o B, dot AI. This is all going to matter at
26:30
the end when we put this together, okay?
26:31
These names the IP address of that node also hosted Bitcoin
26:35
lightning nodes Ln, .o B, dot AI L ND .ln, Toby Dai and was
26:40
consistent for over a year. It was not a VPN.
26:44
It was hosted on Amazon, Singapore lightning Explorer 1
26:48
ml showed a node at that IP called 10x.
26:52
So far it's looking like it's leaning in that direction to you
26:56
know, to be the co-founder of 10x.
26:58
Anyways, let's continue for anyone who is in crypto in June
27:01
2017. This name may ring a bell that
27:04
month as the Ico craze was reaching its initial Peak.
27:07
There was an 80 million dollar Ico named 10x, the CEO.
27:10
And co-founder used the handle. Toby AI on AngelList medalist.
27:14
GitHub key base LinkedIn, medium Pinterest, Reddit, stock
27:17
overflow and Twitter. His name was Toby Hornish where
27:21
was he based in? Kapoor, although he was German
27:24
born raised in Austria. Hornish is fluent in English,
27:27
the cash out transactions occurred.
27:29
Mainly from 8 a.m. until 11 p.m. Singapore time and the email
27:32
address you used on that account at the exchange, was at Toby dot
27:37
AI. I mean, it's looking this way.
27:40
Anyways, how honest she wrote for posts on medium, beginning
27:44
with? Because remember, in earlier, I
27:45
was explaining that they didn't take him seriously, right?
27:48
The creators of the day, a weren't taking necessarily him
27:52
weren't Surly taking him seriously.
27:54
So here we go, Hornish wrote for posts on medium, beginning with
27:58
the Deo, risk-free voting the second the Deo blackmailing
28:02
withdrawals. Foreshadowed the main issue with
28:05
the Deo and why etherium ultimately chose to hard Fork.
28:09
If it did not, the only other options were to let the attacker
28:12
cash out his ill-gotten gains or for some group of Deo token
28:16
holders to follow him forever into new.
28:18
Split day, has he created as he attempted to cash out the tldr?
28:22
Our, if you end upon in a day, o contract, without majority
28:26
voting power, then an attacker can block all withdrawals in.
28:29
Definitely, he wrote the third showed, how an attacker could do
28:33
this cheaply. I just want to add, why the hell
28:37
would you have your money in this ayat?
28:39
Just it scares the shit out of me, all of this sounds so
28:41
ridiculous. Anyways, his last most telling
28:44
post of the day, the day 0, 150 million dollar lesson in
28:47
decentralized government in decentralized governance said
28:52
day. . Pay decided against making a
28:54
proposal after uncovering, major security flaws and that slock it
29:00
downplayed, the severity of the attack vectors.
29:03
He wrote the Deo is live and we are still waiting for slock at
29:06
to put out a warning that there is no safe way to withdraw.
29:11
Two weeks later came the day o attack the morning.
29:14
After that, attack at 17 am Singapore, time.
29:16
Hone has trolled aetherium. Creator vitalic by retweeting
29:20
something. B Alec had said before the Deo.
29:22
Was attacked. But after it was known that the
29:24
vulnerability used in the attack was evident in the day as code
29:27
in the two week old Tweed butyrin had said that he had
29:31
been buying Deo tokens since the security news over the following
29:35
weeks. Hornish tweeted anti hard Fork
29:38
Post like, like one titled too. Big to fail is failure,
29:43
guaranteed. And we saw this in our banking
29:45
system, right? All those too big to fail Banks.
29:48
They were so big. We had to bail them out, in
29:50
print, more money and as a result, make all of us,
29:53
Infinitely poorer the hacker, miss the chance to be a hero
29:55
says green. He really screwed.
29:57
The pooch reputation is more valuable than money as I noted
30:02
earlier. After being sent the document
30:04
laying out the evidence that he was the hacker and asked for
30:06
comment for my book. Honus wrote that my conclusion
30:09
is factually inaccurate. He said that eat, he said in an
30:12
email, he could give me more details and then he didn't
30:15
respond for for request for those details, nor two
30:18
additional fact-checking ink queries for this article.
30:22
In addition, after receiving the first document, detailing the
30:25
facts, I gathered, he deleted almost all his Twitter history,
30:29
so that is a little suspicious here upon hearing.
30:32
That Ownage was the likely Deo attacker?
30:36
Hosp. Who was his partner?
30:37
Co-founder of 10x said he was getting Goosebumps and he began
30:42
recalling details from his interactions with his former
30:45
partner that now seemed to take on a new significance.
30:48
He said that honish was also obsessed with building a
30:51
Bitcoin. Narrow Atomic swap, or a way to
30:55
use Smart contracts to swap between Bitcoin and the Privacy
30:58
coin mineiro at the time. Hospice confused by that,
31:01
because he felt there was no market for such a product.
31:04
Later, hosp pulled up. Chats from August 2016 in which
31:07
Hornish seemed excited about the price of e TC.
31:12
When trying to recall the incident that he believed,
31:14
prompted Hornish to close his Reddit, ha Spigen.
31:16
Searching on his computer and muttered to himself.
31:18
He always used Toby AI. He confirmed that one of Toby's
31:22
regular email, addresses ended in at Toby AI, a still
31:26
astounded. Hosp for some weird reason he
31:29
was quite well aware of what has happened.
31:31
He understood more of the Deo hack than I then when I asked
31:36
him what had happened then I had found on the internet or
31:40
anywhere. So look Portion is putting
31:43
forth. The idea that the the hacker is
31:47
Toby Hornish and don't get me wrong.
31:48
It totally seems based on what we just read through.
31:52
It completely seems plausible. But do we actually know this We
31:58
don't, you know, we really don't.
32:00
But for me, the major fail here in what?
32:02
I just read to you guys is this should have never had anyone's
32:08
money in it, okay? Etherium should have never done
32:12
this when aetherium initially failed.
32:14
It should have been allowed to die as etc' and become the
32:17
zombie coin. It is now but instead they hard
32:21
Fort and a whole bunch of clowns are sitting in the circus right
32:25
now. Thinking they're the main show.
32:27
This is this is a Solutely pathetic and don't get me wrong,
32:31
I'm wouldn't be surprised if we're going to see this happen
32:33
again maybe money when we go to eat 2.00.
32:36
Sorry Papi. No I was gonna say I pictured
32:39
these ethereum guys like those office space guys that are
32:41
thinking about a ripoff, the company and just charge like
32:43
fractions of a penny, like the coming up with all these
32:45
gimmicks on like what can we do next?
32:47
You know anyways. What you were trained to that?
32:50
I just picture the office space guys.
32:52
Try to figure out how to how to pull off their next rug pull and
32:56
you totally remember what happened, right?
32:58
He put a decimal in the wrong spot.
33:00
Got busted dude. So the first of all, shout out
33:04
to the author of that article is very well done, right?
33:06
She'd like laid out her case, he's definitely acting
33:09
suspicious but it again, all this is alleged, none of this
33:13
could be confirmed yet. But yeah man like look if your
33:17
shit coin has that capability to just you know just someone just
33:21
to rug pulled that much money, then it's a shit coin, you know?
33:25
It's a shit coin. Like Bitcoin doesn't have that
33:27
you either have the Private keys.
33:28
Are you don't, you know, and it's designed that way.
33:30
A lot of people are like, oh, Bitcoins a dinosaur.
33:32
Bitcoind only does this, that's by Design.
33:35
That's literally by Design. You know, Bitcoins Gigi has at
33:39
this amazing, you know, 21 lessons.
33:41
You can go to the website, you can get the book and, you know,
33:44
it's don't move fast, don't break things, where aetherium
33:48
is, move fast, break things. Anyways, I'm happy you have.
33:52
Any thoughts on this? Yeah, I mean, it's kind of an
33:53
epitome of our current system of humanity though.
33:56
I mean, if you think about it, People are searching for yield.
33:59
They can't save their money, they don't know what to do that.
34:03
So they what they do is they fall into degenerate gambling
34:06
and it's sad, but like the Fiat money system has turned
34:09
everybody into gamblers because they don't understand their
34:14
money. They don't understand, they
34:15
don't respect is of the. Like well I'm going to either,
34:18
you know, live in a shoebox or I'm going to live in a, you know
34:20
in an apartment and you know the Malibu or something.
34:23
So it just it's sad. Actually I think it's sad
34:26
actually. And it's it's Sucks.
34:28
It sucks. But there's one of those things
34:30
Bitcoin fixes this, but, you know, unfortunately, a lot of
34:33
people are going to get wrecked in the process.
34:36
The whole any color it is a hard lesson, but it's everyone has to
34:39
pay a price of tuition, right? But anyways, Phil it's time for
34:43
the daily mean, review brought to you, by Citadel 21, it's the
34:46
best Bitcoin cultural zeenat stories articles Comics by
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actual bitcoiners volume 10. This is the artwork.
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They're scarce is only 1000 copies made per volume.
34:54
Get your print of Seville 21 today.
34:56
All right. So it's gonna be a very special
34:58
Shal meme review today, because Pappy actually set me.
35:01
Some dank dank Pepe means. We're going to review those
35:03
last. But anyways, to start with the
35:04
lab Raha 21. What's the second best crypto
35:07
accent? There is no second best stop and
35:11
you know, all the shit coin friends.
35:12
It's so true. So anyways, this is you know,
35:17
old Soviet thing he gave $15 to the trucker's.
35:20
Absolutely hilarious. Moving on to next one.
35:23
Bye. Puppy.
35:24
Bitcoin trucker bank accounts Canadian government, right?
35:27
The horses The positioning of the pond.
35:29
It's good, it's good. All right.
35:30
Next one. Bye bye.
35:33
Excellent job. Stay Stay the line.
35:36
I got the virus but I'm thankful, I'm triple Jabs or it
35:39
would be I would have been worse.
35:43
Oh Matt with all the data coming out these days I don't know man.
35:46
Okay anyways by spent a Bitcoin is a technology Bitcoin is
35:50
digital gold. Bitcoin is freedom money Bitcoin
35:52
is digital energy, Bitcoin is life force.
35:54
Inside for space. Bitcoin is Humanity.
35:56
Awoke a Beep. All right, moving on to the one
35:59
by Mark Sparrow, your digital ID is safe with me.
36:02
They look the same, they really do look the same.
36:04
All right, moving on to the Pepe ones.
36:06
All right, and they need some, I think they might need some, some
36:09
backstory explanation is from November. 24, 26 28.
36:12
Okay, what is the backstory? So the back story here is that
36:15
nobody knows that Bitcoin actually had smart contracts
36:18
before any of these run polar's in the open sea space, right?
36:21
So Bitcoin and counterparty which is a second layer access
36:25
to bitcoin there Larry access to get to the network but these
36:30
were created minted on the Bitcoin blockchain back in 2016
36:35
before board Abe's and all these other shit coin jpegs.
36:40
Bitcoin was minting these as artwork and so this is a unique
36:43
one because it's Trump Pepe and is the point is you can never be
36:46
too Pepe and the bottom thing is making cryptic crypto great
36:50
again whether you like it or not.
36:52
Right? So it doesn't matter if you
36:54
don't like Bitcoin or you think it's slow or, you know it Is it
36:58
really matter because that's where we're going.
37:00
So I thought this was an interesting one and I think more
37:03
bitcoiners need to understand that Bitcoin had it first layer
37:07
to contracts and they're all there's a historical record in
37:11
rare peppe's that a lot of people don't understand and I'm
37:13
trying to bring more exposure to it.
37:15
So absolutely that love that. Alright this is the second one.
37:18
This one. We're going to put our tin foil
37:20
hats on guys. Now, you may recall an anonymous
37:22
letter the internet between p and are from back in the day.
37:26
Okay? Right.
37:27
The 17th letter. Alphabet.
37:28
Okay, this card was minted 45 days before that guy started
37:34
posting on the internet and I want you to scroll down and look
37:36
at his health and look at his shield and I want you to look at
37:39
how many were issued. Okay.
37:41
Now, I don't know. You want to put.
37:43
You want to put a hat on a tinfoil hat on.
37:44
This is the car to do it with because 45 days before this guy
37:49
ever started, posting this card was made in minted to the
37:52
Bitcoin. Blockchain did that just blow
37:54
your mind or what? That's fucking nuts, dude.
37:57
And the All at that, pretty clear.
37:59
Let us say it gets better. The wallet that created us
38:02
hasn't moved or moved any of these cards in like four or five
38:05
years? The owner, the guy, who created
38:08
the first rare Pepe? Who is anonymous?
38:10
Still doesn't know who the artist of this is 0?
38:14
I've been doing some room. We're digging.
38:16
This is a crate. Is it Satoshi?
38:18
I don't know. Anyways, this is next one by
38:21
cover pepper, Heiser growling. Okay.
38:24
So what do we have in the top right corner?
38:25
We've got Andrew. Jackson Pepe.
38:27
Okay. And those who recall when Trump
38:29
first came into office, the first portrait he put in the
38:33
Oval Office three days in was Andrew Jackson.
38:35
Okay? Now, if anybody understands kill
38:38
feffy, nobody really figured out what that meant, okay?
38:41
Now, if you take letters to numbers covid-19,
38:58
One unique thing about it is that this card was made and the
39:03
cafe shit. I forgot what I was going as it
39:07
is the confetti meaning. I think.
39:09
Has it really been figured out yet?
39:11
And I think maybe something old. The other thing is 315, is the
39:14
day that all debts are settled according to Roman law.
39:16
So the Ides of March was actually a calendar year, where
39:20
all debts were settled. So just some interesting stuff.
39:23
Interesting, very interesting. I'm not.
39:25
Well, I'm intrigues, I'm intrigued.
39:27
Alright, last one. Hey Satoshi and pepe.
39:30
This was the first card minted on the blockchain okay.
39:33
In Bitcoin blockchain, this was the Nakamoto cart.
39:37
The first rare Pepe ever invented.
39:39
It was created a 99 and was actually minted on 913 meaning.
39:43
They added artwork to it. So, on the 13th of September in
39:47
2016, what's funny about? This is Hillary Clinton attacked
39:52
Pepe, calling him, a racist frog on September 11th when you know,
39:56
what you wobble into that van and like, Like it like help her
39:58
up that day. She put a thing on her website,
40:01
attacking Pepe by name, two days.
40:03
Later, this thing came up with a card and Satoshi Nakamoto was
40:08
born on the Bitcoin blockchain and if you notice there is a 3,
40:11
there is a one and there's a 15 in there.
40:13
I don't know, guys, ha ha ha guys.
40:17
This is all like digitally tractable.
40:19
You can go back to 2016. I'm not making this up.
40:21
Its all time blocked on the time change.
40:24
So, Anyways, if you went on your tinfoil hat on, there you go.
40:28
There you go. We're going to have a lot of
40:30
Alex Jones moments on this show today.
40:32
And that was, that was my favorite so far.
40:35
I dude, Bitcoin has so much intriguing stuff and so much
40:40
hidden symbolism. That this would not surprise me
40:43
at all. Right.
40:44
And I think that would be like the ultimate troll by Satoshi,
40:47
if he came back as Pepe, you know.
40:50
So, I don't know. Anyways, it's fun.
40:52
I'm gonna give it a shit coin version of a block clock. 3D
40:56
printed LED thing because it's a shit Coin Block clock, right?
41:01
Not the block clock. It's a shit.
41:02
Coin. Block clock.
41:03
Anyways. Phil what are you going to give
41:04
it? I love the Pepe history stuff.
41:08
That is super cool. Yeah, I'm totally, I'm excited.
41:12
One more thing is that, yeah, social Trump's new platform in
41:16
case you didn't know, there is a micro service running on
41:20
underneath it, in an API and it's called Pepe, interesting.
41:27
There might be something there Phil.
41:29
Okay, I am gonna give it this van.
41:32
It's interesting that we're looking at peppe's because I'm
41:34
going to give it this very Frog tape.
41:39
Okay. Right?
41:40
It's frogtape deep. Everyone's gonna be so confused.
41:43
As I can. They fucking with us.
41:48
I'm just as confused as everyone anyways guys, we want to know.
41:51
If you agree with our scores, you disagree, let us know down
41:54
in the comment section. Make sure to subscribe to this
41:57
alternative video platforms because we do talk about Pepe
41:59
talk shit about the world economic Forum.
42:01
Well, I crumble.com in a personal favorite Bitcoin,
42:03
tv.com and join our telegram, group linked us some tank tank,
42:06
tank Bitcoin memes for view. But anyways, Phil, it's time for
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All right, so I told you during the fail or was it the number
42:33
time I told you that the Smoking Gun has been found, I don't
42:37
think that you could call the great reset of conspiracy at
42:40
this point. I think it's caught.
42:42
It's crossed the Rubicon two facts, okay?
42:46
And it's not me saying that anymore.
42:47
Or now you have the premier of Alberta.
42:50
Let's see, let's see what he has to say.
42:51
And so no, I'm not going to be taken any policy direction from
42:56
Klaus Schwab or his his ilk put and what I find offensive, look,
43:02
the so-called Greek reset, it's not a conspiracy theory.
43:05
It is a actual set of proposed concrete, proposals being
43:09
advocated by some very influential people in including
43:12
apparently by prime minister Trudeau who clearly alluded to
43:17
it referred to Quoted from it. The Schwab theory in a speech,
43:21
he gave to the United Nations a couple of months ago.
43:23
So it's not a conspiracy theory to talk about that.
43:26
Those are the folks advocating it and I think it's perfectly
43:29
legitimate for a democratically elected leaders for me to say,
43:33
heck, no, we're not going to exploit or take the take
43:39
advantage of a crisis. To advance a political agenda.
43:47
And so again, connect this with Trudeau's reaction to the
43:51
protest, connect this with everything.
43:54
And if you still are not sold well, I have a surprise for you.
43:58
This came out today, this is Neil Parmenter.
44:01
He's the presidency of the Canadian Bankers, Association
44:04
videos, kind of long, but you're not gonna want to miss it.
44:07
Let's check out what he has to say.
44:08
Canada, is on the cusp of a revolutionary, Innovation, that
44:11
will transform the way Canadians, authenticate
44:13
themselves online, and protect their identity did.
44:16
Leidy, all of us are living in a digital world, but we're
44:20
Tethered to an analog model of how we identify ourselves
44:23
memorizing. Countless online passwords
44:25
carrying government issued licenses plastic cards and more.
44:29
Digital ID is a way for Canadians to identify themselves
44:31
to government businesses and each other electronically with
44:35
ease and rock-solid security. Without the need to present
44:38
physical documents. One interconnected Network, a
44:42
Federated digital ID, ecosystem developed, in collaboration,
44:45
with Canada's best. And Brightest Talent from our
44:48
banks, telecommunication companies, law enforcement and
44:51
government, it would have the power and security to store
44:55
every Canadians, electronic identity, and attributes.
44:58
And it would unlock countless opportunities for Canadians to
45:00
verify who they are safely. Quickly and securely while only
45:05
revealing the information, that's a fast easy, and secure
45:10
way to bank sign up for government services, renew,
45:13
driver's licenses or health Cards Shop Travel and more
45:18
Canada's banks are perfectly situated to help.
45:20
Lead the creation of a Federated digital ID system between
45:24
government and the private sector, the world economic Forum
45:27
agrees, that Banks and financial.
45:28
Any say that you just say the world economic Forum agrees and
45:34
digital ID and you have the premiere of catalyst.
45:38
Hey get bro this is not a conspiracy theory anymore bro
45:42
that fucking conspiracy theory anymore.
45:46
We've been telling Telling you this right here.
45:49
Another tell you the open Digital ID.
45:52
It's a great idea. You're Gonna Want it to shop.
45:55
Buy food, do anything. It's a great idea and the world
45:59
economic Forum thinks, it's also a great idea.
46:02
This is a fucking dystopia. I don't want to fucking partake
46:06
in this. And again they're gonna put you
46:09
in a shove this down, everyone's throats in the Fiat system,
46:13
you're not going to have a choice.
46:14
So it's what I've been telling you for a year.
46:16
Now, you're going to have to pick a, you're going to have to
46:19
pick and choose between dangerous.
46:21
Freedom, that's Bitcoin and slavery.
46:24
Those are Central Bank, digital currencies and if you don't see
46:27
how a social credit system, how big could be implemented on top
46:30
of this you're sleeping and you're going to get caught by
46:34
surprise because you've been drinking the corporate media
46:37
Kool-Aid. That's all I have to say on
46:38
this. Phil once again simply Bitcoin
46:41
two idiots on the internet we're proven, right?
46:43
They'll I wish that they spend it on the whole unlocking
46:48
opportunities through digital idea.
46:50
I really want to understand what those opportunities are for the
46:53
individual person. And right now, are we really
46:56
having a problem, identifying our ourselves to each other so
47:01
much that we require a digital ID from person to person?
47:06
Is that, is that really a problem?
47:07
Is that I'm serious? Like, is that happening?
47:09
I don't think so, I'm just not feeling that problem.
47:12
Anywhere I go for real, never felt that problem in any
47:15
business of work for a Fortune 500.
47:16
We have traveled all over the States and Canada been to many
47:20
different businesses. We've never had this problem of
47:22
confusion with ID and stuff. I've never seen people have, you
47:25
know, seizures or mental breakdowns over having too many
47:27
identifications or not being able to figure out which ID to
47:30
use. So, I'm kind of worried.
47:33
I'm kind of worried that they're creating this out of thin air to
47:36
really just push through this whole centralization of all of
47:40
our data. And this goes back to the video
47:42
that we even showed at the beginning of the fail, right?
47:45
The masters of our Planet talking hubris guys that they
47:51
already already, they're already sitting on the throne there
47:54
already sitting on the throne, they're getting ready with a
47:56
masters of the planet. We're gonna take their data.
47:58
We're going to use it against them the dude.
48:00
But they're gonna unlock opportunities, Nico.
48:02
Yeah, yeah. They're going to make it
48:03
convenient for you, so you don't have to type in those bad.
48:06
Bad passwords. Anyway, no passwords Pepe
48:09
Master, T-money, what are your thoughts on this?
48:11
I mean they just want to tie your vaccine passport, to your
48:14
social credit passport to your Account.
48:17
So they can shut you off and tell you what to eat and what to
48:20
drive and they want Total Control, that's the bottom line.
48:22
And that's exactly what we've been saying, right for so long.
48:26
And then these two videos came out today, and I was like, wow,
48:29
wow, they're not even hiding it anymore.
48:31
That's how far along their plan is, but here's the thing, right?
48:34
They have a problem and that problem is Bitcoin.
48:37
And how are they reacting to this problem?
48:39
I'll read it to you, European Union on track to bad Bitcoin,
48:44
another country, trying to bend Bitcoin which we do.
48:47
It doesn't work. According to a report published
48:49
by German cryptocurrency media Outlet, BTC Echo, the European
48:52
Parliament. One of the legislative branches
48:55
of the European Union has moved to ban Bitcoin and other
48:58
proof-of-work, cryptocurrencies, check that out, not proof of
49:01
stake, proof of work. Why?
49:02
Because I can't control it. We talked about this during the
49:05
fail. I mean during the the numbers,
49:06
the final draft of the markets in the crypto assets framework,
49:09
the much-anticipated package of cryptocurrency.
49:11
Regulations includes a provision.
49:12
Forbidding the environmentally unsustainable Connect that with
49:16
what I said during the numbers because that's the exact
49:18
opposite, it provides stability, right?
49:21
Anyways, this means that Bitcoin could become a legal within the
49:25
European Union. Starting from January 1st, 2025,
49:28
the businesses would be prohibited from offering any
49:30
Services associated with proof-of-work cryptocurrencies.
49:33
And here's the thing we're not the only ones tinfoil hattingh.
49:37
This is Jordan Pederson and he's replying to socialist greens and
49:41
left. Call for ban of proof of work
49:42
crypto currencies like Bitcoin in the European Union.
49:46
And Jordan, Peter says, because centralized control, and I think
49:48
Jordan Pederson is absolutely right.
49:52
Anyways, moving on to the last segment.
49:54
This is a very famous video, very popular video by our guests
49:59
by bullying Bitcoin and bullish, definitely go.
50:01
Give them the definitely subscribe to the channel.
50:03
Really cool stuff and I recommend this video.
50:06
I'm not going to summarize it and I thought about doing it
50:09
because I'm going to butcher it spend the time.
50:11
Watch this video, I'm just going to ask Pepe Master some
50:15
Questions about it right name of the videos called Trump's secret
50:19
plan to eliminate the Federal Reserve.
50:21
Dude, you did some excellent research, you connected John F,
50:26
Kennedy you connected. Trump's admiration of Andrew
50:30
Jackson. Andrew Jackson was very famous,
50:32
famous for being against Central bank's, right?
50:35
There was a period of American History.
50:36
What he was just going after them ruthlessly, because he knew
50:40
that it was going to lead to the continuing effect.
50:41
He was in you that a group of Elites were going to essentially
50:45
Ali control the government. Then you made the connection
50:48
that Trump appointed. The Comptroller of the currency,
50:52
was this gentleman that that were?
50:55
That worked a brand Brooks that worked on.
50:58
He worked on coinbase and he was a huge Bitcoin advocate in fact,
51:01
at the Bitcoin conference in 2021, the one that I spoke at,
51:05
he had a he had a panel as well and essentially he was making
51:08
the case that it listen. Bitcoin is the future.
51:11
We have to help the transition from banking to bitcoin.
51:14
He basically said They were going to replace the entire
51:17
Financial system. Yes.
51:18
It's and the trumpet points. This guy, as the, you know, the
51:21
the Comptroller of the currency, right.
51:24
And we've covered the Comptroller of the currency, by
51:26
the way, because we actually did an episode on.
51:29
So all our merrova, right? That actually wanted to
51:32
Federer's, you want it to Federal eyes all banking in the
51:34
country under US Bank. Yeah, exactly.
51:36
So vague in the US. Exactly.
51:38
So I have some questions for you, bro, because obviously, we
51:41
have been covering the Trump debacle, right?
51:44
And Trump. Is a, he's a pretty big Advocate
51:47
against that. Great, right.
51:50
He, he he one of the things that I like about Trump is that it's
51:54
not like Hillary Clinton. He's like, she's the Bitcoin is
51:57
a threat to nation-states no-trumps straight shooter and
51:59
you'll tells you, I don't like it because it competes against
52:02
the dollar, you know, you could get a Meyer.
52:03
The fact that he's not trying to hide anything under the table,
52:06
whatever. He's just like, I don't like it
52:07
because it competes against a dollar.
52:09
So what would your argument against that be?
52:11
Do you think this man is playing 5D chest in the background?
52:15
Because at the end of Day. Right?
52:17
And you see this a lot from Republican Governors.
52:19
You see this a lot from from Republican Senators, right?
52:25
Matter of fact, as much as we want this to be a bipartisan
52:28
issue and there's definitely some Democrats on board and
52:30
there's definitely Republicans that are against that but by and
52:33
large right if you see where the battle lines are drawn it's the
52:37
establishment Democrats are against Bitcoin right.
52:40
Elizabeth Warren Hillary Clinton for environmental reasons very
52:44
similar to Europe by the Way. And it's actually do you have
52:48
very predominant Republican Senators like Ted Cruz, right?
52:52
Like Senator Cynthia lummis, right?
52:54
That are huge, Senator Toomey as well.
52:57
That are huge Bitcoin proponents, right?
53:00
So again, you know, it's kind of getting drawn here.
53:02
The battle lines in my opinion, I definitely think that there's
53:05
Democrat support Bitcoin and I definitely think that there's
53:08
Republicans that are against Bitcoin.
53:09
It's not black and white. Right?
53:11
But why would you like what's your theory of the case?
53:15
Here, what would you make people believe?
53:17
Mean first off, we have to understand.
53:18
Trump is not a politician. He's always been an outsider,
53:21
okay? This is a man who has been an
53:23
outsider his entire life, okay? He's been a successful
53:27
businessman, whether he got money to start with or not.
53:29
He created an enormous amount of wealth, okay?
53:32
This is also a man who understands real estate.
53:35
He understands scarcity understands inflation, okay?
53:38
Because a lot of his Investments are in real estate and he knows
53:42
real estate is a very good hedge against the money, printers.
53:45
So what we have is we have a timeline of events that kind of
53:50
magically come together. Okay, we have the treasury
53:54
wrapping up, the Federal Reserve via the extinct exchange
53:58
stabilization fund from the FED to Black Rock to the treasury.
54:01
Okay? We have that happen in March
54:03
when all this money printing was going on right after that.
54:06
He hires Brian Brooks. Okay, right after he hires Brian
54:09
Brooks, Brian, Brooks installs. Bitcoin into Banks.
54:12
Okay, we're seventy percent of the thing.
54:13
He makes he makes it legal, okay?
54:15
Not only does he do that but he nominates Brian Brooks for
54:20
another term in November. The problem is that the Senate
54:24
Banking Committee couldn't get it, get to it in time.
54:26
But this is this is a man who's fired people on Twitter for
54:29
doing stupid shit, okay. And if he hates Bitcoin, why
54:33
would he hire the main guy from coinbase of all crypto places
54:37
and then hire mine for another five years?
54:40
I think it's a little suspicious.
54:43
Yeah. So um we also what are they We
54:45
also have Melania Trump. Now tweeting out Bitcoins
54:48
birthday. She tweeted it out on January,
54:50
3rd about the Bitcoin of birthday.
54:52
She launched her own nft trunk just launched his own it and if
54:55
t on a ship platform, but he still launched what he knows
54:57
about crypto. He knows about blockchain and if
55:00
you listen to what he actually says, in some of his statements
55:02
he says essentially Bitcoin is a currency.
55:06
Okay and I think that's important.
55:08
So okay so you know the 2024 election is going to be I can't
55:14
even come up with words. Right?
55:16
It's going to be spicy. Interesting, to say the least,
55:21
let's say hypothetically, of course, right?
55:24
Trump wins a second term in office.
55:26
We're totally tinfoil hat and we're totally speculating.
55:29
If you guys are not interested in that too, and off the video.
55:32
But what would you say, would be Trump's next moves based on what
55:36
he's done, or based on the theory that you've created?
55:40
Where is this going? So I think there's a lot of
55:42
moving parts and I don't even think 2024.
55:45
We'll make it without getting to reset before that.
55:48
I think there's going to be some kind of major effect but I do
55:51
think. What do you mean by that?
55:52
Hold on. So I think we had a smooth
55:54
transition right now. I think we keep talking about
55:56
this transition from Banks to pick one.
55:58
I think we're actually in that transition right now.
56:01
And what I think is eventually going to happen is the feds
56:03
going to actually have to put Bitcoin on the balance sheet.
56:06
And so if you were to think about this total collapse of the
56:09
financial system, nobody wants that we don't want to collapse,
56:12
we don't want to have this, you know, Despair and the dollar
56:14
going to likes it. Way dollars.
56:16
Like, if we were to have a somewhat reasonable transition
56:21
to get this Beast under control, it would be to the FED to just
56:24
buy Bitcoin, eventually put it on their balance sheet because
56:28
we're to Game Theory situation out of Russia, starts pricing
56:31
energy and Bitcoin if Russia gets kicked off a swift which
56:34
with the whole Ukraine thing going on right now, it's very
56:36
likely and they go price energy and Bitcoin.
56:39
What is the Federal Reserve going to do?
56:40
They have to? It's like they have to, they're
56:42
forced. Yeah, and so I think we're in a
56:44
gay. I don't even take a 20 24, I
56:46
think of like this year and next year and the midterms, what's
56:49
going to happen between now? And then with the financial
56:52
system because covid didn't work the money printers need another
56:55
reason to print money the running out of options.
56:58
Okay. So if a Cyber attack comes I
57:00
don't know what's coming. Something's going to come where
57:02
they're going to have, to need a reason to print more money
57:04
because their system is failing. So they tried.
57:07
Go ahead, go ahead, okay? I was going to quickly just say
57:10
they tried with the with the war in Ukraine and if you saw the
57:12
corporate owned media, it's kind of funny rights because Got who
57:15
it was the representative, you know, comes out that and
57:18
explains you know what's going on in there and the journalists
57:21
are asking him for evidence and he's saying he's like, well I
57:25
just told you what's happening? Like, that's not evidence.
57:28
We're not, we're not having any evidence so we can clearly see
57:30
that? No one's buying this up.
57:31
Well, here we go. Let's dive into it at.
57:33
No, no. I just pulled it up as an
57:35
example to, yeah, your part. I'm not going to read anything,
57:38
but it says, look how the Ukraine crisis is already
57:40
hitting American wallets, right and connect this, right?
57:43
It was the member of the supply chain help.
57:45
Currently Supply chains are gone now.
57:47
Apparently the cut the main culprit of inflation is the
57:50
Ukraine. So yeah, I just pointing out
57:52
that the the clown total clown world, that is the corporate
57:56
media. Anyways, feel, sorry to
57:57
interrupt you. No no worries.
57:59
Actually it's great that you pull that up.
58:00
I are you aware that 98% of everything that we buy and use
58:04
here in the states is from Ukraine.
58:06
I didn't know that. Well, yeah, that's it.
58:08
That's it. That's stuff.
58:09
Just shifts. Good teacher shift the goalposts
58:12
shifts where stuff gets made shifts.
58:15
Good to know. Good to know.
58:16
Well, I'm very, very worried by the way, that is incorrect
58:18
information. I'm giving just be one about
58:21
things. Flying all over my face.
58:22
Okay. So very few polish.
58:23
Okay, go ahead, go ahead. If you want to dive deeper into
58:26
some of this stuff, it actually has to do with JFK and his
58:28
executive order. 11110, okay, now, did you guys know about the
58:33
executive order, 11110 and the currency and, you know,
58:36
different sorts of, you know, death attached to it versus not
58:40
being attached to it. So basically when Kennedy did
58:43
that, you know, he was assassinated after On 1122.
58:46
Okay. Now if you go back and you look
58:49
at some of some interesting players like Michael sailor did
58:52
you know Michael Sailors initial Bitcoin purchase when he bought
58:56
Bitcoin? The final number came out to was
58:59
eleven thousand one hundred and eleven dollars and 11 cents.
59:03
I did not know that. Did you guys know Jack Dorsey
59:05
tweeted out 11 plus 11 when Bitcoin in 22k?
59:09
I mean there's just there's this weird synchronicity going on
59:12
with Bitcoin to in some of these players that I don't Trump could
59:16
necessarily come out and say I'm all for Bitcoin.
59:18
I mean you would have seen the any anybody would have attacked
59:21
him and said you're stupid I mean Bitcoin may have not
59:24
survived an attack, if Trump were to come out for it.
59:28
I mean, I'll be honest with you, there's this some other
59:31
interesting things. So Trump's SEC was the one that
59:33
stopped Ripple and it's the one that stopped diem.
59:36
Okay? So Trump did Trump could have
59:38
stopped Bitcoin, right? You stop Ripple.
59:40
Stop that shit Point stopped freaking diem because of
59:43
Facebook want to take it over. That would have been a huge
59:44
problem. And you've got guys like,
59:48
Michael sailor, and you've got all this other stuff going on in
59:51
the background and it's kind of a smooth transition.
59:53
I mean we're in some like Rocky Waters but like you guys aren't
59:56
like blown up with your AR-15s and like heading out to like
59:59
protect your family. And I mean you know it's a
1:00:02
little bit rough with the pay more for food and stuff but I
1:00:04
think the smooth transition is here.
1:00:05
We're not going to have a war with Russia.
1:00:07
We're going to get play this game of chicken and then brush
1:00:10
is going to go. Okay, we're going to price the
1:00:11
energy and Bitcoin, you kick this off with now with the fuck
1:00:14
you got to do. Yeah.
1:00:16
Dude, Atma is makes me extremely bullish.
1:00:18
I let Phil go. When does the world economic
1:00:21
Forum each hit though? Yeah.
1:00:26
Exact. Because let's be honest, that
1:00:27
crap that they're putting forth. The great reset.
1:00:29
That is scary nonsense and it is totalitarian and everything.
1:00:35
All dystopian, every terrible word that we can think of that,
1:00:37
describes an existence we want. No part of the bill.
1:00:40
Would you have known about that? If they had not said about that
1:00:43
now, is out in out in out in You can see it, okay?
1:00:46
Would like millions of people, been red, pilled and orange
1:00:51
pill. Then I mean we're still working
1:00:53
on some of these people. I mean the shutdown bank
1:00:54
accounts and people start buying Bitcoin, they're really kind of
1:00:57
done with their money and so if this stuff didn't come to light,
1:01:01
would people have even realized it or gave a shit?
1:01:05
That's a very very good point. It's like it's almost like it
1:01:07
needed to happen to me that to happen.
1:01:10
So we had to wake people up. Yeah.
1:01:12
It had there needed to be a Great Awakening.
1:01:14
I think that's what's transpiring.
1:01:15
The great reset. Its, I'll side by side, the
1:01:17
Great Awakening with the great reset.
1:01:20
I'm bullish on the Great Awakening, right?
1:01:23
The great reset. I think Klaus had not planned
1:01:25
for the things like all Central Point.
1:01:27
They don't plan for everything and yeah I think we're going to
1:01:30
win this I mean I already got a Razors Edge.
1:01:32
Yeah run a razor judge. It could go either way I think
1:01:34
it's meant to look like it can go either way but you know
1:01:37
there's all these bad people in the world.
1:01:39
We got to think there's some good guys out there, right?
1:01:41
I mean we can't all be bad. This what is the balance?
1:01:43
You know what I mean? So I don't know, I mean, you can
1:01:46
call my theories, while do whatever.
1:01:47
I just think, you know, there may be more to Pepe there, may
1:01:49
be more to bitcoin and, you know, if you look at the history
1:01:52
of it was created by the NSA. You know, the Tor Browser,
1:01:56
Julian Assange. I mean, you look at all start
1:01:58
putting all this stuff together there.
1:01:59
Looks like, I don't know, maybe some loose plan together was
1:02:02
concocted and maybe there's some good guys that are that are
1:02:05
helping us out. I mean, look at the creator of
1:02:07
Bitcoin, right? Satoshi, you know, it's a
1:02:09
mythical in general, right? So I would not be surprised if
1:02:12
some of those things were true. Phil, there's a term there's a
1:02:15
Used for the people working in really high places in the
1:02:18
government that are actually helping and then that are
1:02:20
proponents of freedom. I think they're called, I could
1:02:22
be mistaken. It could be called, like, the
1:02:24
fifth pillar or something like that, but it's, there's a
1:02:27
specific naming convention. If any of our, if any of our
1:02:30
viewers Know It, please drop it in the comments or something.
1:02:32
But let us know. Let us know down in the people.
1:02:35
They're called the fifth pillar and these are the types of
1:02:37
people that work in the NSA that are like you know, Screw the
1:02:39
system. Most absolutely preach.
1:02:42
But anyways, Phil door wasn't open source off early today
1:02:45
Juanita. Everybody about it software
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0.1 dot nine, that was released and that is down below in the
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show notes guys, don't forget to check us out on our Audio, Only
1:03:12
platforms, Apple podcast, Spotify.
1:03:15
And anchor oz of make you feel. Alright guys that was our show
1:03:19
before we go. If you like Phil nice threads
1:03:22
you can go check out rep, are.com represent LTD and you
1:03:26
can take advantage of the link down below for 15% off anything
1:03:29
on the store. Also want to give a very special
1:03:31
shout-out to our awesome guest g-money.
1:03:34
Go check out his Awesome YouTube channel, very, very cool,
1:03:38
conspiracy Pepe thing. He makes this awesome, you guys
1:03:42
have to check out the videos called Trump secret plan to
1:03:44
eliminate the Federal. ER, he lays out the case,
1:03:47
subscribe to bullying Bitcoin and bullshit witchy money guys.
1:03:51
That was our show if you enjoyed the show, smash, of course you
1:03:55
want to continue hearing the Bitcoin users from the Polly
1:03:57
plead perspective which we've been pretty spot-on.
1:04:00
So we give us credit and the catastrophic fails, definitely
1:04:03
consider subscribing to Simply Bitcoin.
1:04:06
It will see tomorrow guys for brand new episode.
1:04:07
Bitcoin, had smart contracts before your shit coin ever did
1:04:11
deal with it.