Latest / Simply Bitcoin / Caitlin Long's Bitcoin Bank DENIED by FED | EP 664

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Caitlin Long's Bitcoin Bank DENIED by FED | EP 664 · Simply Bitcoin

0:15
Yeah welcome to another episode of Simply Bitcoin live.
0:18
Your number one source for the peaceful Bitcoin Revolution
0:20
color, breaking news culture Mirotic Warfare we will be your
0:22
guide through the separation of money and state.
0:25
Breaking news came out last week.
0:28
It's official Caitlin Long's custodian bank which I call the
0:33
Bitcoin bank and where to get we're going to get into that was
0:36
denied membership in the Federal Reserve System.
0:40
I would like to make the argument that that is I think
0:45
that was a political move rather than a regulatory move and then
0:49
this kind of, like, goes back into the idea, which we've
0:53
brought up many times on this show that the same people that
0:56
are responsible for so-called regulating the industry.
1:01
A lot of them have a lot to lose, because what Bitcoin is
1:04
doing is is disintermediating, right?
1:07
So we're going to, we're going to dive into that.
1:09
We're going to explore those topics.
1:11
Also want to cover the official. Announcement.
1:15
That by the B Administration quotes in the name of the
1:17
announcement, the administration's roadmap to
1:20
mitigate crypto currency risks, I would turn that around as a
1:23
Bitcoin are. I would say, what about the
1:25
risks of Fiat currencies? Right, you know, Fiat
1:28
currencies, right? It's literally ingrained in the
1:32
system. It's literally designed to lose
1:35
value over time, right? What about those risks?
1:38
And those risks, the inflation aspect of it, disproportionately
1:43
affect the lower. And middle classes that don't
1:46
have the means to save and assets.
1:48
Therefore they do not benefit from asset inflation.
1:51
They save in dollars, or they get hurt the most, why is that
1:54
never discussed? Why is that never talked about,
1:56
right? That should be the conversation
1:58
and perhaps, maybe that announcement gets it right?
2:01
Maybe they. Maybe you could make the
2:02
argument. There are definitely risks in
2:04
crypto but I would say that I don't think Bitcoin is risky.
2:09
I think that there's definitely volatility that's for sure.
2:12
Right. But so far and I really This in
2:15
my heart, I know that Del and Opti do as well.
2:18
The best savings technology the world has ever seen ready.
2:20
Protect yourself from wealth confiscation inflation, right?
2:25
You know, physical confiscation as well.
2:27
Write it protects the individual protects.
2:29
It gives people anywhere around the world, no matter where they
2:33
are. As long as they have somewhat
2:35
access to the internet, right? They have the ability to hold
2:38
onto private property rights, absolutely insane, right?
2:42
So we're going to explore all those topics but first I want to
2:44
Introduce a very special guests DeLeo.
2:48
He is a member of Simply Bitcoins part of the video
2:51
essays team. They're dropping incredible,
2:53
incredible work. I just I took I got a sneak peek
2:57
at the one that they recently created and holy cow.
3:01
Are you guys going to be blown away?
3:03
Because I was Delia, welcome to the show.
3:05
Happy to have you, man. Thanks for being here, man.
3:07
How's it going? Very, very pump, man, I'm pumped
3:10
and pump. This is a, this is a strong
3:12
start to Monday and, of course, my legendary coach.
3:14
Always optimistic, how you doing Opti?
3:17
I am doing wonderful, but Nica, you didn't reduce Del properly.
3:20
He is the illustrious voice of the simply Bitcoin videos.
3:24
So this is the sexy voice. You guys are hearing now you see
3:28
his face but yeah Miko I'm doing good man I feel good.
3:31
It's Monday another day on the job and just to your point I'll
3:35
probably say it again but sats are my stable coin.
3:37
So you know I just had to get that out there from rip and then
3:42
also on the same topic, Oh oh well rather on the same kind of
3:46
vibe what we're doing in the culture today we had satoshi's
3:51
Journal come on this last week and we had all Lou just going a
3:54
ham on what's going on in Nigeria and Bitcoin and we got
3:59
some more news coming out this weekend and so we're going to
4:01
cover that today. I think not only is it going to
4:04
get you guys. Hi but also you guys will you
4:08
know get inspired and motivated as well so I think there's going
4:10
to be a good day. Great great start of the week.
4:12
Hell yeah. Starting off the week strong.
4:14
All right, everybody. Let's dive into numbers.
4:17
Let's do this. The Bitcoin numbers brought to
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all right, everybody at the time of recording Bitcoin price of
4:48
twenty, three thousand one hundred seventy five cents per
4:50
dollar 4314, block height 774 1363 reachable Bitcoin node
4:56
65,000 637 having estimate April 24th 2024 total lightning
5:02
network capacity 5280 one Bitcoin capacity value 122
5:08
million u.s. dollars a realized monetary inflation going to keep
5:11
reading that the the because it just takes Fiat currencies to
5:16
Absolute school, it highlights how much of a scam they are.
5:19
Right? The if you believe the last CPI
5:22
numbers 6.5% that number is going to keep going down.
5:26
Actually when we started reporting that stat, it was at
5:29
one point seven. Eight percent was in a trickle
5:32
down ever. So, slowly over time the beauty
5:35
of absolute scarcity, the market capitalization of Bitcoin 446
5:40
billion dollars with Abby. Anyways, what I wanted to cover
5:43
today is just the Where we are with the acceptance of Bitcoin
5:52
from an Institutional standpoint and it's kind of like a
5:56
backtrack, like it's kind of looking over like looking out
6:00
over time. But the reason I wanted to bring
6:02
it up is because last time we were really at these prices
6:08
right last time we were, you know, the 23k level.
6:11
When we finally broke that, you know, back in, you know, what
6:14
was it 2020 2021 One. A lot of the things that have
6:19
happened weren't true back then. Right?
6:23
A lot of things have changed, right?
6:24
A lot of Minds have changed, right?
6:27
You had people like Ray dalio, which were, you know, completely
6:30
against Bitcoin completely change their mind saying it's,
6:34
you know, one of the best inventions he's ever seen.
6:37
He said that on the Lex Friedman podcast, right?
6:40
And then you had the involvement of other institutions, as well,
6:44
you had banking giant, six point five trillion, Dollars in
6:47
Assets. Now holds Bitcoin drives
6:49
adoption with black rock. And what are they talking about?
6:52
They're talking about Morgan, Stanley.
6:54
Morgan Stanley has added Bitcoin is one of the assets, as
6:57
managing for its clients. Absolutely insane.
6:59
Of course, we have black rock, so that's six point five
7:02
trillion dollars alone, just for Morgan Stanley.
7:06
And from BlackRock also offering it to institutional clients and
7:10
remember, all of this wasn't true before these Bitcoin prices
7:15
right next. We have Fidelity and I think
7:18
Fidelity is the most bullish to be honest.
7:20
They released just came out on the daily Bitcoin or this
7:23
morning, they release this report, it's called Bitcoin
7:26
first and I wanted and I know it's about a couple.
7:29
It's literally six months old or about a year old.
7:31
But we've never actually gone through this report on simply
7:35
Bitcoin. And I wanted to highlight from
7:38
the institutional perspective, right?
7:40
Because we always give you from the simply perspective, we give
7:43
it, you know, from the Nico perspective from the are Opti
7:45
perspective, but we, I give it to you from.
7:48
This is what the asset managers that have trillions of dollars
7:53
under assets. This is their perception of this
7:56
thing. This is how they're viewing it.
7:58
Right? And for anyone that I went over
8:00
this Fidelity, currently has four point five trillion, that's
8:02
what the tea you know, under management.
8:05
So let's take a look at them. I'm just going to go through the
8:07
bullet points. But first, they say Bitcoin is
8:10
best understood as a monetary good.
8:12
And one of the primary investment thesis for Bitcoin is
8:15
as the store Of value Asset and increasingly Digital World.
8:19
Bitcoin is fundamentally different from any other digital
8:22
asset. No.
8:23
Other digital asset is likely to improve upon Bitcoin as a
8:26
monetary good because Bitcoin is the most parentheses relative to
8:31
relative to other digital assets secure decentralised sound,
8:34
digital money and any Improvement will necessarily
8:37
face trade-offs. There is not necessarily
8:40
mutually exclusive. A t between the success of the
8:43
Bitcoin Network and all other digital networks rather the rest
8:46
of the Or asset ecosystem can fulfill different needs or solve
8:50
other problems. That Bitcoin simply does not.
8:52
I disagree with that other non Bitcoin project should be
8:55
evaluated from a different perspective than Bitcoin.
8:58
Bitcoin should be considered an entry point for traditional a
9:01
locators looking to gain exposure to digital assets.
9:04
Investors should hold two distinctive separate Frameworks
9:07
for considering investment in this digital ecosystem.
9:10
The first framework examines the inclusion of Bitcoin is an
9:13
emergent merging monetary good and the second considers the
9:17
addition of other digital assets that exhibit exhibit Venture
9:21
Capital like properties you know and that's a nice way of saying
9:25
you know, shit coin pump and dumps, you know, the Insiders
9:29
enrich themselves and then everyone gets caught, you know,
9:31
holding the bags which is basically everybody else.
9:34
But it's a it's a great perspective and that's honestly
9:37
why I wanted to cover that today because it gives you a different
9:40
outlook on how these massive institutions are looking At
9:46
Bitcoin, and how they say and how they agree with us.
9:50
They agree with the message that simply Bitcoin has been saying
9:52
for a long time, which is Bitcoin, not crypto.
9:55
Bitcoin is different than crypto, because it's actually
9:59
because of its actual decentralization.
10:01
And even the second most popular, cryptocurrency etherium
10:04
for them to add, all that functionality with the smart
10:07
contracts and all that. What that did is it, increase
10:10
the resource requirement for you to run that etherium software,
10:14
which meaning that there's only a handful of People that
10:17
actually have the hardware to run aetherium, right?
10:20
Which causes centralization right?
10:22
Which is why the majority of etherium nodes are currently run
10:26
on servers. A lot of them on AWS servers and
10:29
that inevitably leads to government capture, right?
10:32
As to date around 60 to 70% of etherium nodes or actively
10:36
censoring for the office of foreign assets control.
10:39
So I mean it kind of you know, it kind of defeats the purpose,
10:42
right? So again, why are we here?
10:45
I think we all get into Coin, because we're looking at it, oh,
10:48
speculative reasons. Especially, if you're living in
10:50
a country that has Financial privilege to have a relatively
10:52
stable fiat currency but we're all looking at it from okay.
10:58
Holy crap, the gains but then you get there and you stay for
11:01
the revolution right? And I think that's what it's all
11:03
about but it's crazy to see like I said, these giant institutions
11:07
basically coming to the same realization even though they
11:10
might not be saying it the way that we're seeing it but they
11:14
are acknowledging that Bitcoin. And is different than shit
11:17
coins. And that Bitcoin provides a
11:19
unique value. Proposition that is completely
11:22
different than the thousand plus other altcoins.
11:26
Anyways, I'll hit Del first and then we'll go to Opti.
11:30
Well, yeah, I mean, you see people on shows like Joe Rogan.
11:36
I forget the guy that clip was going around there for a minute
11:38
and it's clear that he hasn't done enough research on bitcoin.
11:42
I asked a local group here at the, the, the where I live.
11:45
There's a We meet up or every six weeks or so and I asked him.
11:49
I said, can you think of anyone that went deep into Bitcoin
11:54
really deep fully fully? Understood it and then came back
11:57
out the other side and said, you know what, it's not for me and
12:00
they couldn't name a single person.
12:02
They named different people that had gone on to she'll other
12:04
things because they knew that they could get a quick pump and
12:07
dump thing over here over there while still being interested in
12:10
Bitcoin but they couldn't name a single person and I have yet to
12:12
see a single person that fully understands what Bitcoin is and
12:16
go. Those you know what?
12:17
Had a change of heart because it's like understanding gravity.
12:19
Once you understand what gravity is and how it works?
12:21
You don't go. I don't think it works for me.
12:23
I'm going to go jump off a building and see how how it
12:25
goes. Yeah, 100%, I agree with you, I
12:28
think that and, you know, and actually, now that you mentioned
12:31
that Del, right? That's kind of like something
12:34
that 9 bouquet Leigh mentioned in the, don't drink, the elite
12:37
school aid, right? He's like, look, the people that
12:40
dislike Bitcoin. Most of them is people that
12:42
don't understand enough about Bitcoin or the people that have
12:45
something to Lose if Bitcoin succeeds right.
12:48
Everyone else. Like what?
12:50
Like, it's like the people, you know, I find it fascinating.
12:52
The people that are like advocating for Fiat, currencies,
12:55
verse Bitcoin. It's like so, you're advocating
12:58
for something that steals from you.
12:59
Like you have, what's it called, Stockholm syndrome, like you
13:02
just don't even realize it, right?
13:04
So, I think it is an educational issue and look like.
13:07
Like, you can't deny that fiat currency.
13:11
Like, look, they call us bitcoiners are in a cult.
13:14
Like, how's that shit not a cult?
13:16
There's a fucking pyramid on the back of the dollar with an i all
13:19
right, like that's Cole TAF, man.
13:21
I don't know. That's my take Opti.
13:23
What are your thoughts, bro? Well, shots out to the Bitcoin
13:27
cult members. I'm not released at least is
13:33
number go down. Much prefer to be in our cult
13:36
than their cult. Just yeah, - I mean their code
13:39
is very much one of those like death.
13:41
Cults. We're at the very end of the of
13:43
the trip. You drink the Kool-Aid.
13:45
Like, you know, where So you can hit a Halley's Comet or whatever
13:48
it was. Anyways, I digress to that last
13:51
point that you guys were talking about, I say it all the time
13:53
like I can't see an end to this Bitcoin game.
13:57
Like there's no going back to the Fiat system.
13:59
I think as a Bitcoin. ER you're going to be stacking
14:02
sad. So you know, saving in Bitcoin
14:03
forever like as long as you're alive you're going to be saving
14:06
a Bitcoin and I think this is a feature not a bug of like this
14:10
understanding of Bitcoin but back to this like institution
14:14
institutional point, you know we've been saying for Long time
14:16
with the institutions are coming and I would that was like these
14:19
big meme in 2017 where it's like oh they're going to pump our
14:22
bags. Well like they've been here they
14:25
probably shorter than the top. I would I would disagree.
14:27
I think they just got here. I think God here I think I don't
14:31
think controls they just got here but but okay but that
14:34
wasn't true. Last time Bitcoin was at these
14:37
prices and that wasn't true. When that original meme started
14:40
which was in set 20, this is true, this is true.
14:42
But I think I think when they first got in they just shorted
14:46
the top. Top.
14:46
And now the, and now they're packing their bags.
14:50
And, of course, it's something we say all the time.
14:52
You know, when people, when people first get in the Bitcoin,
14:56
they realize the, the opportunity here.
14:59
And so, if they want to pack their bags, what are they going
15:01
to do? They're going to flood Bitcoin a
15:02
little bit, so they can pack their bags and get ready to go.
15:05
But anyway, that's a, that's a, that's a totally other other
15:07
topic, you know, I think they definitely to play it to play it
15:10
safe. Optimal UTSA on the top.
15:12
They definitely shorted it, but they definitely.
15:14
Wait. Yeah, for sure, and they
15:15
definitely wait. They definitely waited for the
15:18
Bitcoin price to fall down before they started announcing
15:21
that they were going to allow yeah.
15:23
This to their clients, right? Like you could say that for sure
15:26
but you know that mean that started in 2017, right?
15:29
Which is a lot of like the co P. Mm that a lot of people came up
15:32
with you know when the price fell from 20K like back down to
15:36
three kids like know the institutions are coming to save
15:38
it. What I got to say is that for
15:39
the next like for the next having cycle, a little bit of
15:43
Hope IAM sprinkled in right? The Institute The Institute.
15:46
Russians are here. Like they are here already.
15:49
Not only that, right? The Vindication of nine bouquet
15:52
LA and the Vindication of Michael sailor, right?
15:55
The the, the Vindication of Michael Sailors, a big deal
16:00
because it's going to prove that for public companies.
16:04
Bitcoin is a viable alternative than holding Fiat currencies,
16:08
and then 49 bouquet away. He's proving the same thing, but
16:10
on the nation state model, right?
16:12
And that was net, none of those things were true last cycle and
16:16
All of those institutions that have trillions of dollars under
16:19
a under a under management, right?
16:21
They also have at least the infrastructure in place, right?
16:26
To be able to allow that exposure, right?
16:29
There's a, dude, I've never been so bullish, sweat.
16:32
Yeah, yeah. One point that we kind of talked
16:35
about, you know, smart money doesn't fomo into into any bags
16:38
and so obviously, they're accumulating.
16:41
So, as a capitalist, I love to see businesses being bullish, on
16:44
bitcoin Merchant adoption and all All, and all the rest, but
16:48
I'm more excited about the individual.
16:49
That's why we do simply Bitcoin in.
16:50
And today's culture is going to be on this.
16:52
But man, businesses institutions actually buying Bitcoin, please
16:56
sir me Familia, put my bags, I would just make it like what you
17:00
were saying there about the mass adoption.
17:02
It takes those large institutions of wild, they're
17:04
like giant cruise ships makes me think of that Meme, where I'm
17:07
the captain now? Well, how did that?
17:09
How did the pot? How the Pirates?
17:10
Get there. They've got Little Ships.
17:11
They got little boats. They can maneuver.
17:13
So we're the little boats. We can go out there.
17:15
We could get the information and It's going to take a while for
17:17
those giant companies to understand and go through
17:20
because there's so much noise to decipher.
17:23
Oh this that this shit coin that garbage.
17:25
How is Bitcoin different any different and you don't know how
17:27
it's different unless you spend 100 plus hours.
17:30
Doing deep deep Research into it. 100%.
17:33
They I agree with that, bro. You buried the lead there.
17:37
My friends right there. You hit the nail on the head.
17:39
It literally takes proof of work.
17:41
It takes time for you to fully understand the pivotal.
17:46
Lift that Bitcoin is just going to throw, like, it's Change is
17:51
Gonna Change everything. And I think that most people,
17:54
they, they have this initial reaction because they've been
17:57
living in this nihilistic world of Fiat, and it's just like,
18:01
it's too good to be true. Like, it really does feel like
18:03
that, but I would disagree. I don't think Bitcoins too good
18:06
to be true. I think it takes work.
18:08
I think it takes commitment, right?
18:10
And it's hard too hot to hold, man.
18:12
It's hard to hold drives. You a little bit crazy.
18:15
I think that's look, I'll put it to you this way.
18:17
I'll leave it at that, crazy. I could not grow facial hair.
18:21
When I started, I started making ice.
18:25
I got into Bitcoin and years later.
18:27
Look at me now. Anyways, everybody, let's get to
18:29
the news. Let's do this.
18:33
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19:08
So isn't update to this and I mean, like honestly, we've been
19:14
like covering this for a while now.
19:15
Look, this is back June. 7th, and what they did look.
19:20
So provide a little bit of context, right?
19:24
So custodian Bank applied for a master account with the Fed
19:29
Master accounts gives a tremendous advantage to those
19:33
accounts, let me get into the details of why that is here is
19:37
from congressional research service.
19:40
It's apparently report and it describes the advantages of a
19:43
master account. So it says for payment firms, a
19:45
major motivation for seeking a banking, a bank Charter is to
19:49
obtain. A Federal Reserve master account
19:51
to access wholesale payment, systems, and related fed payment
19:55
services without needing a bank to Act as an intermediary.
20:01
More recently, cryptocurrency firms would stake Bank Charters
20:04
have applied for master accounts in order to more seamlessly
20:07
transact between crypto and official currency.
20:11
And I think that's really the key here, right?
20:15
To more seamlessly transact between crypto and official
20:19
currency, right? So what was the first thing that
20:23
they did? They slow-walked it, right?
20:25
So a according to the research that I've done in according as a
20:29
Instead this originally write the normal process for approval
20:34
was, I think it's like a 23 week thing, they slow walk them, they
20:38
slow, walk kustodiev for a year, then custodian has sued the fed,
20:43
and then the FED move the goalposts and they change the
20:47
rules for that retroactively, right, I believe, right?
20:52
And the key is here, and this research report, right?
20:55
The key is here to more seamlessly transact between
20:58
crypto and of Shall currency. So, if there's a seamlessness to
21:03
it, wouldn't you say that defeats the purpose of a central
21:06
bank, digital currency, right? What do you say that?
21:11
And the whole point of Caitlin Long launching the custodian a
21:14
bit coin bank is to make that a seamless process, right?
21:19
And remember that banks have been incredibly hostile towards
21:25
the Bitcoin industry, right? It whether on the individual
21:28
level, they've Stopped individuals like, you know
21:31
certain Banks, right? They literally close your bank
21:34
account, if you're buying Bitcoin, also Bitcoin
21:37
businesses, they've had their banks closed.
21:39
If they bank with certain Banks, right?
21:42
So it's interesting how this is playing out, right?
21:46
And again, you can't confirm. Look, you can't confirm this,
21:51
but it is a very big coincidence, right?
21:53
At the same time. So let's read some of the bullet
21:56
points from the lawsuit and then we'll get to today's news.
21:59
Which was the official denial of the custodian Bank from the
22:03
Federal Reserve, Master counter or Bank Charter.
22:06
Anyway, so it goes in the filing, the United States
22:09
District Court of Wyoming, custodial accuse, the Federal
22:11
Reserve Board of Governors and Federal Reserve Bank of Kansas
22:13
City of delaying the application process by 19 months and called
22:17
the master account critical to custodians business.
22:21
Quote, such an account would allow custodia to directly
22:23
access the Federal Reserve rather than going through an
22:25
intermediary bank is. So do you said in the complaint?
22:28
It also accuses the Head of adopting standardless procedures
22:31
that allow it to act in complete secrecy whenever and however
22:35
they choose. So remember, when they call us,
22:37
shadowy super coders, what they're doing is projecting onto
22:40
US what it is. They know, they are themselves
22:42
the sued set, the feds own, paperwork says that quote, a
22:46
master account decision, ordinarily takes five to seven
22:49
business days. And that the processing delay
22:51
had clearly violated the one-year statutory deadline for
22:54
doing so and February Wyoming base, custodia, which was
22:58
formerly called Avanti. You seem to be moving closer to
23:01
acquiring the master account, when it receive a routing number
23:04
issued, by the American Bankers, Association a key milestone in
23:07
the process to receive a Fed account.
23:09
Anyways, moving on, this is the breaking news right to they file
23:12
the lawsuit. This was about a year ago and
23:16
this is the this is the hammer that it fell and honestly I
23:19
think that they waited until the FTX blow up.
23:23
I think the FTX blow-up gave them a ton of ammunition right
23:28
to say oh Oh, you know, just the whole Space, it's rotten to the
23:31
core, you know, excetera Etc. And this is why we push on the
23:35
show Bitcoin, not crypto anyways, and maybe custodia
23:38
Bank. Maybe it made a mistake by being
23:42
a crypto Bank, rather than exclusively a bit coin bank.
23:46
I don't know, just a thought. Anyways, custodian, a crypto
23:49
bank and Wyoming denied membership in Federal Reserve
23:52
System at a time. When Regulators are
23:54
scrutinizing, the crypto industry, like never before
23:57
digital assets Bank custodian hope the US It would welcome,
24:00
its compliance. First business strategy, the
24:02
Central Bank saw it differently. However, and rejected, the
24:05
Wyoming based Banks application for membership in the Federal
24:08
Reserve System, quote, the firm's novel business model and
24:11
proposed, focus on crypto assets, presented significant
24:15
safety. And soundness risk said the
24:17
Federal Reserve in a press release Caitlin Long CEO and
24:20
co-founder of custodian decried, the fed's decision.
24:22
And reaffirmed, the validity validity of her application,
24:26
quote custodian offered a safe federally regulated.
24:29
Added solvents alternative to The Reckless, speculators and
24:32
grifters of crypto that penetrated, the US banking
24:35
system membership. In the Federal Reserve System
24:37
allows any state Chartered Bank access to tackle tax, benefits
24:41
Investments are investment opportunities and other
24:44
conveniences. But what was maybe even more
24:46
important for custodial was the potential for a substantial
24:49
public relations win a chance to show cryptocurrencies
24:52
increasingly acceptance at the highest levels of government.
24:56
Custodian is yet. Another example of the federal
24:59
Permits increasingly assertive approach to crypto in the past
25:02
few months as the SEC and doj have launched Primetime
25:06
investigations Into the Now, bankrupt, crypto currency
25:09
exchange, FTX and Congress has treated cryptocurrency
25:12
regulation as a hot-button issue, right?
25:15
Fine. You could say that but Congress
25:17
was sure willing and able to accept all that FTX money, it
25:21
really complain about that, right?
25:23
Oh man, those double standard. So so this kind of announced
25:26
this was announced on, look Opti, check out the Date.
25:29
Remember what I told you about releasing Friday and then this
25:34
came out on Friday. Also, look at that.
25:38
Wow, big a lot of coincidence nowadays so this is the official
25:41
White House, Press release released also on Friday Friday,
25:44
January 27 2023. The administration's roadmap to
25:49
mitigate crypto currency risks. 2022 was a year.
25:54
It was a tough year for cryptocurrencies and met, a
25:57
so-called stable coin imploded A wave of insolvencies.
26:00
Just months later, a major crypto currency, exchange
26:03
collapsed. Many everyday investors who
26:05
trusted trusted cryptocurrency companies including young people
26:09
and people of color suffered serious losses.
26:12
But thankfully turmoil in the crypto currency markets, has had
26:15
little negative impact on the broader Financial system today.
26:18
Well, cryptocurrency might be relatively new, the behavior we
26:22
have seen some cryptocurrency companies exhibit, and the risk
26:25
posed by this Behavior are not as Administration.
26:28
Our focus is on continuing continuing to ensure that
26:30
cryptocurrencies cannot undermine Financial stability to
26:34
protect investors and to hold Bad.
26:36
Actors accountable. Okay, so a couple things to
26:40
unpack, their first custodian, Bank denied.
26:44
The banking Charter on the same day that that official
26:48
announcement by the White House was made.
26:50
Number one, what is going on there?
26:52
Number two, right? The moral virtue dude, the moral
26:56
virtue. Okay, we're not going to get
26:59
into That we're not going to get into the social issues, but I
27:01
asked you guys to check out the episode when Olu came on and
27:07
heat and he made the case how Bitcoin provided hope in his
27:10
country, but is cos his country had double-digit inflation,
27:15
right? Where?
27:15
Before there was no hope, right? So I would make the argument
27:19
that specifically for marginalized communities, that
27:22
don't have large saving potential inflation and that
27:28
affects them the most that's number two, right?
27:31
So I would say that Bitcoin is Hope, right?
27:33
Rather than this, this risk that they're, that they're saying,
27:36
that's number two. Number three is again, the
27:39
commingled laying between the Bit Coin and crypto industry,
27:43
right? And this is why we focus on on
27:45
bitcoin and not crypto on this channel.
27:48
Look at that, man, look at that, right?
27:52
The Bitcoin industry and Bitcoin Is taking the blame for a lot of
27:57
the shit coronary and I would say that shit coins are at Fiat
28:00
times, 100 like Fiat without the guard rails, right?
28:04
So it's it's, it's just, dude, it's absolutely disgusting.
28:08
It's an opportunistic announcement.
28:11
We already know right before the FTX thing happens, what, the B
28:15
administration's Outlook was on the industry itself, right?
28:19
They were using the climate narrative earlier on in the
28:23
digital assets framework that Release, and that executive
28:25
order which led the US Treasury to release a report literally
28:29
called the the future of money in that report in the future of
28:33
money, they mentioned payment rails, they mentioned Payment
28:37
Systems, they mentioned stable coins, and they mentioned
28:40
Central Bank, digital currencies, they did not mention
28:43
Bitcoin in that report. And why did they not mention
28:46
Bitcoin? Because that would give
28:49
credibility to the idea that a money can exist without
28:53
inflation. Right.
28:55
And if a money can exist without inflation that severely
28:58
diminishes, the ability for the government to spend money that
29:02
they don't have. Because the only way that would
29:05
be able to raise that money's via direct taxation, which would
29:08
be a lot more difficult. That proposal would be a lot
29:12
more difficult on the everyday average person, but what they
29:14
use is, they use the hidden tax of inflation.
29:17
They use the deficit spending mechanism.
29:20
Right? You know, the one point seven
29:22
trillion dollar Omnibus Bill they talk About it.
29:24
Everyone's like, well, that's a crazy amount but they don't have
29:27
to go and say, hey, we're going to raise your taxes on your
29:30
income. So everyone's kind of like oh
29:32
whatever. But at the same time, the prices
29:34
of eggs just continue to double triple quadruple whatever it is,
29:38
right? So yeah man, it's Opportunistic
29:43
AF, that's my take. I think that there is, you know,
29:47
but I think that there is some credibility to the argument as
29:50
well in the fact that yes, I think a lot of, you know, Alex
29:53
machine ski Celsius, FTX a lot of these scammers, they do
29:57
deserve justice, they did hurt a lot of people, but what I'm not
30:01
a fan of is the commingled Ling between the cryptocurrency
30:05
industry and the Bitcoin industry I think they're they're
30:08
they're completely different and actually we're not the only ones
30:11
to say Ooh, this on simply Bitcoin.
30:13
There's a reason that we read that we read you guys that
30:16
Fidelity report in the very beginning and just to give you
30:18
guys a quick reminder, those are their words not ours, right?
30:23
I'm going to use their words. I'm going to pull it up for you
30:25
guys real quick. Give me one second.
30:27
It says, at the bottom it says investors should hold to
30:30
distinctively separate Frameworks for considering
30:32
investment in this digital asset ecosystem.
30:35
The first framework examines the inclusion of Bitcoin is an
30:37
emerging monetary good and the second considers the additional
30:40
of the digital Exhibit exhibit Venture Capital like property.
30:45
So maybe not only investors, maybe the government should also
30:49
hold these two things and they should have two separate
30:52
Frameworks for the industry. Because the reality is okay, is
30:56
that there's just like in the invented investing, right?
31:00
There's a tremendous amount of risk there.
31:02
I don't think that risk exists the same for Bitcoin, and I
31:06
think it should be treated differently.
31:07
And, I mean, I think that all falls down to us, it falls down
31:10
to the individual to really Really get that message out
31:13
there that Bitcoin does not equal crypto right Bitcoin not
31:19
crypto and that's the message that we have to keep hammering
31:22
home and eventually they're going to have to acknowledge it
31:25
anyways Opti and then we'll move on to do.
31:27
Well first let's let's let's acknowledge the Friday news
31:32
dump. Like it just never fails.
31:33
They don't do it every Friday. But when they do, it's always
31:37
it's always worthwhile to point it out.
31:39
But I mean my take I love what you're saying, Nico, but in my
31:44
opinion, you know, the FED isn't going to let a full custody
31:47
Bitcoin Bank, join their ranks because it exposes the cartel
31:51
members that is the federal bank reserve system.
31:54
So, you know, this isn't about protecting people.
31:56
This isn't about custodian, not being up to par, it's about the
32:00
FED cartel, maintaining the Fiat Ponzi.
32:03
And, you know, it's a, it's an inside group that we are in a
32:07
part of, and, of course, they'd much rather drop Anon spot
32:13
Bitcoin ETF so that they can manipulate the price rather than
32:16
have, you know, any kind of full custody Solutions are products
32:20
on the market because it's what we know as bitcoiners it's you
32:24
know, Bitcoin completely disintermediation, that system.
32:27
And if they are able to put Bitcoin and the Fiat system on a
32:31
Level Playing Field, then it exposes the charade that is the
32:34
status quo. So obviously they're going to do
32:36
whatever they can to Slow Roll, any kind of Bitcoin adoption.
32:40
But this is why we continue. See tell you guys that it is a
32:43
race to avoid the war. We need more people out there
32:46
holding Bitcoin, taking Bitcoin into self custody because we
32:51
know one thing that it doesn't really matter what they do
32:53
because Bitcoin is a better technology.
32:55
Bitcoin is a better way to store your value and we can ride
33:00
around them and you just need more people holding Bitcoins.
33:02
So, you know, obviously, I'm not surprised that the status quo is
33:07
doing this. It's just, you know, I think
33:09
it's just part of the game and where we are right now.
33:11
And then they fight the stage 100% Dell.
33:14
What are your thoughts on this, bro?
33:17
Give me did my friend. On that first, that paper that
33:21
you showed up was that an official government document.
33:23
The one that was talking about the seamless, all that, that is,
33:27
that is an official government, doc.
33:29
A, so if you can pull that up, there's an interesting word
33:32
there. It's right after and so they're
33:35
already acknowledging Bitcoin and other the shit coins as as
33:41
currency. They're saying, right there and
33:43
official currency as seamless transact between crypto and
33:47
official currency. So they're they're kind of
33:49
denied That it is, but they're not saying that it's garbage.
33:51
They're not saying that it's nothing, they're saying that,
33:53
it's not official currency, but they're still saying in a
33:56
roundabout way that it is currency, so it's just a slow
33:59
progression. And I honestly, as kind of
34:01
annoying at as it is to see this.
34:03
This favoritism I think it's it's for the best in the long
34:06
term because it's just going to make more and more people
34:09
interested as more and more know, this didn't happen.
34:11
People go. A why there's a lot of people
34:13
like, honestly, a lot of the bitcoiners that are interested
34:15
as we've been told, don't look this way.
34:17
Don't that's not worth it. It's not worth it and there's a
34:19
lot of people who go well why not, how come?
34:22
And if anybody's like me when it comes to saving and Fiat, you're
34:26
going to realize. Even if you can't put your
34:28
finger on it, you can feel it like a splinter in your mind
34:31
that something's amiss and you're going to start looking
34:33
for other things. And as you hear people talking
34:35
about, like, I've orange killed my brother.
34:36
So that's three people right there.
34:37
Working on my dad right now. It's a much tougher nut to
34:40
crack, but God, I'm reading the Bitcoin standards.
34:42
That's a pretty good place for it.
34:44
It's just, it's going to take time.
34:46
But I think the resistance actually leads, To Greater
34:51
fervor with the people that fully adopt it.
34:54
Yeah. 100. 100 percent. I think I think they're delaying
34:57
the inevitable and I think that as more people really, truly
35:01
understand the differences between Bit Coin and crypto,
35:05
right. You know that argument that that
35:07
excuse is only going to go so far.
35:10
I think that right now we're the majority.
35:12
Remember we were talking about the Overton window last week,
35:14
right? Majority of people.
35:16
They don't know. They think that it's the same.
35:18
They think it's one in the same. Same right.
35:20
Obviously from the in institutional perspective
35:23
they're noticing the difference. Obviously is our as Bitcoin
35:26
Maxis, we know the difference, right?
35:29
But it's just a matter of time. We believe that you know, the
35:32
mainstream Consciousness catches up to this reality as well.
35:35
Anyways everybody let's get to the culture.
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The show is yours, guys. I am moving this week.
36:52
I'm not. I thought that was.
36:54
I'm gonna be, I'm gonna be in and out.
36:56
Opt he's going to be holding out Russians to be making an
36:58
appearance. I didn't know you were leaving
37:01
me today today. But all right.
37:02
Peace out. It's all you.
37:05
Alright guys. Well alright if you were here I
37:09
believe it was Thursday. Last week we had satoshi's
37:11
journal on, we had all Lou and Ragnar from Nigeria in the
37:16
spaces. Just just going absolute bananas
37:19
on what we talk about every single day.
37:22
It's about the Bitcoin peaceful Revolution.
37:24
Well, we got some more, some more news coming out this
37:28
weekend and so we're going to cover this and and I got a
37:32
couple good threads and and all this stuff.
37:34
So it's just back to what we tell you guys.
37:36
Consistently Bitcoin is taking over the world and people are
37:39
waking up to what we Talk about every single day so we're not
37:42
alone out here. But anyways, there's this first
37:45
tweet that caught my attention was from need Creations because
37:47
look how much Nigerians are paying for Bitcoin right now.
37:50
Impactful and you can see Paxil is a peer to peer exchange and
37:54
these prices were 47,000 924 US dollars per Bitcoin in Nigeria.
38:00
So they're paying a premium down there and I went and I did a
38:05
little little more verification out here, I didn't want to trust
38:09
and so I looked at some local Declining prices and you can see
38:12
right here. 17 million six hundred and thirteen Nigerian
38:17
naira, as which equals out to about 38,000 bit card, 38,000
38:22
dollars per Bitcoin. So what are we getting from?
38:26
This is the idea that Nigerians are waking up.
38:29
Remember, we've consistently covered this in the show, we
38:32
brought the receipts in the past about the fact that the Nigerian
38:35
government has been trying to make their citizens.
38:37
Go cashless, have been trying to force them into their ear.
38:40
Narrow CBC system and the people are adamantly not going along
38:47
with this. They are dumping their worthless
38:49
Fiat currencies for a hard money which is Bitcoin.
38:52
So they are waking up to what we understand here as big Corners.
38:56
What we continuously talked about, as the peaceful Bitcoin
38:59
Revolution, and on the same thread, I found this really
39:03
awesome thread by science xbt which basically lays out exactly
39:07
what's going on. So I'm going to read this thread
39:09
and we'll jump. Been to some of the topics and
39:12
even got some more tweets over here.
39:13
And so he goes, have you seen what's happening in Nigeria?
39:16
A wise person would accumulate the most Bitcoin as possible a
39:20
thread. So since the government wants to
39:22
watch the adoption of the E naira CBC so bad.
39:25
They limited the amount of citizens can withdraw in cash at
39:27
the bank. We've covered this in the past
39:30
and in consequence, how to buy Bitcoin searches on, Google are
39:33
exploding. It is the number one asset
39:35
search by Nigerians and response to the monetary policy
39:39
instigated by the Don't forget about gold and you can see here,
39:44
you know what, the Google Trend are showing and people are
39:47
wanting to buy Bitcoin because the signal is spreading.
39:50
And if you watch what, what I'll do was saying on the show
39:54
Thursday, if you've been hanging out in the spaces, you can tell
39:58
that it's catching on like wildfire down there and it's
40:01
just it's beautiful to see and it's beautiful to be a part of.
40:04
But anyways, Nigeria becomes the first country in terms of
40:07
interest for the purchase of BTC and by With approximately 75 K
40:12
searches per day. This is clear, message that
40:14
Nigerian citizens. Have chosen this asset and
40:17
rejecting the CB DC system. And this is something that we
40:20
continuously talk about here. Like you know, I dropped some
40:23
shorts about Marty's talking about the CBBC system and I say,
40:27
consistently on this show that if you compare the two, anyone
40:30
with a critical brain cell left would obviously not go along
40:35
with the CBC system because would you want to be forced to
40:39
use a money that's designed to Steal from you design.
40:41
The shut you off at well, or a money that is permission list.
40:44
That is, that is a freedom tools.
40:46
As we say, censorship, resistant, hard cap that 21
40:49
million designed for a world full of totalitarian
40:54
authoritarian, tyrants. Anyway, now we can observe and
40:57
and this is what I showed you earlier.
40:59
That BTC is selling for a premium because of the high
41:02
demand, and we're not talking about speculation here.
41:05
We're talking about people willing to use Bitcoin opting
41:08
into the Bitcoin system. And And don't forget every
41:11
country in the world right now, is looking for a CBC.
41:14
But let's go in. I got some more, some more
41:18
tweets here. It's shouts out to our boy
41:19
Ragnar. And he's a Nigerian, he's on the
41:23
ground. He's continuously.
41:24
Keeping us up-to-date on. What's going on down there.
41:27
The adoption levels of the average person, and this is
41:30
something that I said in the beginning of this show, and this
41:32
is something that I truly believe, as much as we love to
41:36
see nation, state adoption of love, as much as we talk about
41:39
businesses and Institutions adopting Bitcoin, what really
41:42
matters people on the ground understanding why they should
41:45
hottel Bighorn, why they should save in Bitcoin.
41:48
And as you can see here, this is a very, very sad moment here
41:52
that Ragnar is showing us and it is a, its Nigerian citizens
41:56
fighting over ATM because they're not allowing people to
41:59
withdraw cash, they don't have cash to be withdrawn from the
42:02
ATM, like this is the inevitable end of Fiat currencies, and this
42:06
is why we come out here every single day to talk about
42:09
Bitcoin. And Ignite puts in this tweeted
42:11
Gozo. Nigeria my country, how you have
42:13
fallen to the tricks of the money Masters.
42:16
Like I keep saying your government hates you and does
42:18
not care about your welfare often the Bitcoin.
42:21
Take Bitcoin in the South custody, using the wall.
42:23
As we talk about all the time, you know, green wallet.
42:26
Blue wallet Breeze. Pine Moon Spectre Sparrow cold
42:30
card, seed signer Jade. And here we got Ray Yusuf he is
42:36
CEO of factual and he's been continuously covering this.
42:40
This Story in real time as well because he sees it on the ground
42:43
packs will be used a lot in Nigeria and he's been kind of
42:46
going around on Twitter, just talking about the important and
42:50
the fact that people are opting into the Bitcoin system, this
42:53
isn't just, you know, hype in PR where we're continuously
42:56
covering this in real time. But anyways, his tweet here goes
42:59
the, most evil forces has spent billions trying to weaken
43:02
Nigeria and tear it apart. They shall fail in humiliating
43:06
fashion as the Nigerian youth rise up and take it all back.
43:09
They already leave. An adoption and soon they will
43:12
lead in things you cannot imagine.
43:14
And this is why I wanted to follow up the store because last
43:17
week man, went all Lou was going in on on how his people are
43:22
adopting Bitcoin. The how Nigerian citizens have
43:24
the youth are adopting Bitcoin and all the cool things.
43:27
He's planning on doing over there.
43:29
It just it made me hopeful it, gave me motivation, inspired me
43:32
to continue to be on this Mission.
43:34
As we talk about the peaceful Bitcoin Revolution and again,
43:37
ray goes Nigeria, is Ground Zero for the revolution.
43:40
That will liberate Humanity. Everything is happening there.
43:42
Now a groundbreaking intense election with the true leader,
43:45
cbc's phasing out of cash and attack on bitcoin and the
43:49
counter explosion of adoption and far more Nyjah to the world.
43:54
And again we got some more small receipts Nigerians are paying
43:58
48k for one Bitcoin, and you are waiting for 10K in your first
44:01
world luxury. Surroundings watching Netflix.
44:04
Yeah, sure. You are the smart one.
44:08
And so guys, I bring this up to not only bring the receipts but
44:13
also for us, look I'm an American I'm a first generation
44:18
American and so I I fundamentally believe in the
44:21
Bitcoin Revolution. You know a lot of people can
44:23
flood Bitcoin. They think that we're just
44:25
speculating. We're here just for Fiat games
44:27
but it's something that we said in the beginning of the show,
44:29
Once you understand how the Fiat system words, There's No Going
44:32
Back. How am I going to use a money
44:35
designed to steal from me when I can basically Opt in to a
44:39
permissionless network that that is designed for the digital
44:42
world, that puts everyone on a fair playing field and there's
44:46
no money Masters. There's no one in control of the
44:48
money supply. There's no 12 people that we
44:50
have to wait to manipulate the money supply.
44:53
All you need to do is run the software yourself, take Bitcoin
44:56
in the South custody and the rest will take care of itself.
45:00
This is a revolution of the individual, which is why I'm so
45:03
hyped to continue to cover the story.
45:05
And I just can't wait to see this play.
45:08
A out in more Nations around the world.
45:09
Not only is in El Salvador, we're seeing Rumblings of
45:13
Panama. We are seeing that Nigeria is
45:15
leading the world in adoption and this is something we've told
45:18
you guys on this show, the country's the individuals that
45:21
adopt Bitcoin in the third world are going to LeapFrog the first
45:25
world, hold out, because Bitcoin is a fair.
45:29
It's a better monetary system. And all you have to do is
45:33
opt-in, save in Bitcoin, and your life will improve.
45:36
And this isn't just Us being, you know, first world journalist
45:40
hyping up Bitcoin so that more people can speculate on it.
45:43
People are waking up to the idea that the Fiat system is a sham.
45:48
The Fiat Ponzi system is designed to steal from you and
45:52
there's a small cabal of people. There's a small cartel of people
45:55
that profit from this. Well, no longer do we have to
45:58
play along with this. We have Bitcoin opt-out, take
46:01
Bitcoin in the self custody using the wallet-sized tell you
46:04
guys every single day, you know, Moon green blue Jade cold card.
46:07
See Designer Breeze. Specter Sparrow.
46:11
I'm missing a few but I sent him three times already.
46:14
On this show. This is happening now guys, the
46:17
revolution will not be televised but it is a peaceful Revolution.
46:22
All you have to do is opt out of the Fiat.
46:25
Man is an opt-in to bitcoin anyways.
46:27
Del you gave me a chat. You like hell yeah let's go.
46:30
So I know you're going to give us some good sauce here.
46:33
What's your take on this bro? It's levels.
46:35
Jerry levels. So it's like I was saying
46:37
earlier, Out all the, the word, the captain.
46:40
Now I'm the captain now, so there's love in the u.s., in the
46:43
western world, is the biggest corporation.
46:45
There is. That's, it's not a country
46:47
anymore. It's a business and it's the
46:49
slowest moving business of all time.
46:51
We've got the oldest idiots, running the show.
46:53
They have no idea. You hear them, talk about the
46:55
internet, they don't even know how the internet works, they're
46:58
clueless, forget about a currency, a digital asset that
47:01
was designed and built for the internet age.
47:03
They don't even understand how it's working.
47:05
They're over here, talk. We're talking about the
47:06
Gutenberg Press and all the books and things are in all the
47:09
knowledge. We're gonna be able to spread
47:10
around and they're over saying well it's still made of wood and
47:13
how about the levers? They have no idea about what's
47:16
going on. And so while the us as a whole
47:19
is stuck in the mud, not going anywhere with a bunch of morons
47:22
trying to fiddle around with their old archaic systems.
47:25
You've got sharks in the water and they smell blood in the
47:28
sharks are the of the smaller countries and the people in
47:31
those countries, it's the small businesses.
47:33
It's the individuals. You got El Salvador, you got
47:35
Nigeria. You got all these different
47:37
things happening. The world.
47:39
And the US honestly might be the last to fall and so be it.
47:43
We don't have to take part of that system.
47:44
We can opt out. As you're constantly saying as
47:47
individuals, we can say, you know what, I don't want to play
47:49
a part of this. I don't want to vote for your
47:51
system. I don't want to have anything to
47:52
do with it. I don't want to use your your
47:54
garbage cock bucks. You can keep those.
47:56
I'm going to start opting out slowly.
47:58
I know I still have to pay my rent.
48:00
I still got to pay bills because they want this garbage but I can
48:04
still slowly start siphoning some of this away into this new
48:07
system and Maybe I won't be alive.
48:09
I have no idea how quick this is going to happen.
48:10
People say it's five years, some people say, it's 50, some
48:13
people, it's a hundred, but I'm not doing it for myself.
48:15
I'm doing it for my children. Do I hope to benefit from some
48:18
of it? Honestly, I don't care.
48:19
I don't care, I truly do not care.
48:21
I'm in it for the long run and part of the reason that I have
48:24
this mindset, is because I'm a fan of Dune and that book and
48:27
that series works on time scales of thousands of years.
48:31
And I've read that Series so many times.
48:33
And I thought, if only Humanity could see past their lifetime,
48:36
what would, what could we achieve?
48:38
Where we be a crossing, the Stars right now, if we could see
48:41
beyond our pathetic limited life spans of 50 100 years tops, it's
48:46
nothing, it's absolutely nothing.
48:47
It's a blink in the eye, it's a drop in the bucket.
48:49
And if we could see beyond that and imagine or get out of our
48:53
self-centered ways, we could achieve absolute greatness and
48:56
we have to have a, the life blood of the system to allow
48:59
that to happen. Our blood is ruined.
49:02
It's ruined, it's corrupt, its cancerous, but there's a new
49:04
blood, that's infiltrating, the system and it's going to take
49:07
over and it's a It's going to be a beautiful thing, man of the
49:12
Rat. We got Del hyped up.
49:14
Yeah. And you kind of reminded me of
49:15
something that I've heard in the past you know I forget who said
49:19
it first but it was like this might not even this might even
49:23
be biblical you know take seven generations for the sins of your
49:26
father's to pass away or what the Iroquois say, you know like
49:30
thinking in seven generational thinking levels or whatever, I'm
49:34
butchering it. But man, I think this is what we
49:36
talk about here as Bitcoin. Nerd all the time lowering your
49:39
time preference zooming out and not stealing from the future to
49:42
get a little dopamine rush today and I couldn't have said it
49:45
better than you do. But anyways let's get into the
49:47
meme review guys. The daily meme review brought to
49:54
you by Kaboom racks. I get this question all the
49:56
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49:57
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50:21
All right, guys. Yall already know, this is the
50:23
mean review. This is your favorite portion of
50:24
the show where I review your memes.
50:27
So Drop Your Meme review. Score in the chat and I will
50:31
cover it live. But of course, memes, what note
50:35
weeds are the bullets memes are the artillery in this
50:38
information, what you guys are the Frontline soldiers continue
50:41
to ridicule? The the gold bugs continue to
50:44
ridicule this shit Corners continue to counter the leg.
50:48
She media flood, you know, what else are you going to do?
50:51
As we as we watch the world, get on the Bitcoin standard in real
50:55
time, it is guide them on the Bitcoin standard.
50:58
Anyways, this first meme shouts out to the BTC therapist.
51:02
I saw this by, I don't know who posted it originally.
51:06
It's a couple of days old but I had to put it up because I knew
51:10
what I was going to be talking about today and it makes our
51:12
point for us and you can see for those listening in the audio, we
51:17
got the world economic I'm in the front with a whip and a
51:19
bunch of people standing up. And then the world economic
51:22
Forum whips, everyone and they all cower in fear, except for
51:26
Satoshi, creating Bitcoin. And then we got a few more
51:29
people, some countries that also stand up this, El Salvador, and
51:34
forgive me guys. And I'm a public school student.
51:37
I don't know what that other flag is.
51:38
But anyways, the very bottom is the world economic Forum bowing
51:44
down to the fact that the rest of the world is waking up to
51:46
bitcoin. And once No one gets on a
51:49
Bitcoin standard once the ripples Ripple out into
51:52
everywhere in the world, this will be 100% Unstoppable more
51:56
than it already is. And on that note, shout out to
51:59
bitcoin Beach wallet at BTC Beach wallet on Twitter and it
52:02
goes time for a stepper sticker upgrade and I know you guys have
52:06
seen not only the Drake mean but you seen the Bitcoin accepted
52:10
here sticker. But I really like what they did
52:12
here not as the the meme is in Bitcoin accepted here.
52:15
It's Bitcoin preferred here with the Drake.
52:18
Yeah, we need to make these stickers happen.
52:21
Bitcoin preferred here, drop the Fiat, dirty Fiat currencies.
52:27
And as for the best money in the world.
52:29
Anyways, this next one, shouts out to Dylan Leclair.
52:31
Actually, I think he tagged someone shouts out to the
52:36
Bitcoin Horsemen I'm guessing. This is Your Meme and I really
52:40
like it. This is a Breaking Bad Meme and
52:43
I don't know, I don't know any of their names.
52:45
So, forgive me. The young guy goes, your UT
52:47
Excel is actually Exist everywhere.
52:49
All at once on each node, not in your wallet and then what's this
52:52
guy doing my Walter? I think of what?
52:54
Yeah well the no coin or goes what and he goes.
52:57
Right. So like your wallet quote on
52:59
quote is just a tool to see all the UT EXO's that you have the
53:02
cryptographic signature for your private Keys.
53:04
They're not in the wallet. Like the wallet doesn't really
53:08
hold anything, it really should be called a signing device.
53:11
It's just an interface for you to observe your aggregated.
53:13
You txl balance publish transaction to the man, pool and
53:16
signed them securely. So they Be included in the next
53:19
block of the blockchain which is basically like a distributed
53:23
Ledger spreadsheet that exists on each node in the network and
53:26
walk of what the fuck are you talking about?
53:31
Oh man I felt there's this is Ash where this is every Bitcoin
53:34
at a certain point. You're just like, you go down
53:36
the rabbit hole and people look at you, like what are you like?
53:39
What are you talking about? Anyways.
53:41
There's next meme is by our friend, mr.
53:43
Robot. Aka the Bitcoin doctor and he
53:45
goes be the light in the Darkness. - and you can see this
53:49
big Corner in the void walking with the Bitcoin light in their
53:55
heart spreading the signal. This is what you guys do, all
53:58
every single day and this next one, shouts out the Big, Sean
54:02
Harris and we got another example of someone changing
54:06
their life and, you know, doing the same thing as the the
54:09
Breaking Bad meeting since I'm 28 a lot of my generation Shin
54:13
/. Friends complain about how the
54:15
current system is broken but then we'll listen to me for 30
54:17
seconds about Bitcoin can only help people who actually want to
54:21
escape and then Sean Harris drops to Meme.
54:23
And we got, you know, one week one of us Bitcoin content
54:26
creators and on our Soap Box on opponent because who wants
54:29
life-changing money, everyone raises their hand and then you
54:32
go, you must change your life to have it and everyone got their
54:36
hand. This is a, why is this always
54:39
play? I swear every single time.
54:41
Anyways, this next one. I got tagged in one of these
54:45
Friday follows or at maybe know this is signal sir.
54:48
Saturday follows. So shuts, out the BTC Delica and
54:52
you know, we went back and forth and then I said appreciate it,
54:55
bro. Keep the memes coming and then
54:57
he dropped this one on me because s19 Jays back in money,
55:01
boys. You says, when you make 40 cents
55:03
per day, Mining and decide to quit your Fiat job, and you look
55:06
like a bum but you tell, I want to go fuck themselves.
55:08
Anyways, alright this last one shouts out to our newest, newest
55:15
fan, newest, viewer, newest friend, the go.
55:18
Bug in the chat that's continuously coming back.
55:20
I was hoping you'd come back bro.
55:22
So here we go. We got this meeting by our
55:24
friend just defer underscore BTC and it's just a simple Grid in
55:28
those gold and Bitcoin and then we go gold storing.
55:33
It sucks confiscating. It's pretty easy transferring.
55:37
It sucks, gold, paying it sucks. Gold verifying its eggs.
55:41
Gold has no memes. Nope.
55:43
And then we go Bitcoin, storing sexual ass, with Bitcoin,
55:46
confiscating hard Bitcoin. Transferring does not suck
55:49
Bitcoin. Paying does not suck.
55:51
Bitcoin verifying doesn't like Bitcoin memes dope hashtag,
55:56
Bitcoin does not suck. All right guys.
56:03
All right, so just a little fun, we're just having fun.
56:06
We're just having fun. Anyways, my mean review score
56:09
for the day. I told you guys.
56:11
I got a whole bunch of sticker packs.
56:13
I'll mix up the memes for a little bit, but I'm feeling
56:15
bullish. And we got the little sat on The
56:18
roller coaster as we continue to have number go up.
56:22
Anyways, do but you got over there.
56:25
What, what age rating is this? Can I give you a like a PG-13?
56:28
You can do well. Okay, I'm fired.
56:32
Do what you want. We're doing stickers.
56:35
I got a fat anime booty sticker right here.
56:42
Now we're definitely in trouble. Oh man.
56:48
Alright guys Drop Your Meme review score in the chat but
56:51
before you do that, Now check out represent LTD.com promo code
56:56
simply / Bitcoin and you guys can support one of our clothing
57:02
sponsors. Get yourself some hoodies Iraq
57:04
the hurdies every single day. I'm wearing the I don't even
57:07
know what this one's called. The constant set decentralized
57:10
Corporation in green, I thought this was a brown hoodie.
57:14
I'm color blind, guys. Anyways, there's still some
57:17
simply Bitcoin merch out there so get it before it's gone
57:20
because it is a limited Supply. But of course, Course, let's get
57:23
to some of these meme reviews, some of these meme scores in the
57:28
chat. One second one second.
57:30
Let's see. Okay, we got everyone's laughing
57:33
at your speaker. I first one first, one we got
57:38
Igor and he goes, I give those memes, a four hundred, and
57:41
twenty year old Living Root Bridge.
57:43
Okay, let's go, let's go. We gotta Elaine you.
57:48
She goes. I give those memes Nigeria
57:51
Rising. Let's go.
57:54
Rave elevator, I give the memes a carton of eggs.
58:00
Yeah, dude, if you're holding eggs, you might be richer than
58:04
if you are holding Bitcoin today.
58:07
All right, this next One, Max Trotter.
58:09
What's up, bro? You guys, I give those memes a
58:11
dead parrot. Sheesh.
58:14
Yeah. Oh yeah.
58:16
Oh yeah, sorry. Simply Dash B claim for
58:18
represent Elaine. Thank you, obviously, I don't
58:22
know. My I don't know Mike.
58:23
Grammar. Very well.
58:24
All right. This next one, hammer saw.
58:27
I give those memes a wheelbarrow of rocks.
58:31
Yes. Shouts out to the pet rocks.
58:34
This is what it's all about. All right.
58:37
Well, I guess unless there's no more meme review scores.
58:39
Let's see. Let's see.
58:40
Do I have the buzzer over here so we can keep it cope
58:43
aesthetic. No, more no more memes.
58:46
Okay. Buzzer is in.
58:50
All right, guys. Let's get into the software
58:54
release. I'm actually really excited for
58:55
this one. This one.
58:57
This one's super cool. So, let's check this one out.
59:01
Bitcoin software release brought to you by Cipher safe, don't be
59:06
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59:30
Let's go. All right guys this one, this
59:32
one's super tight. If you guys been following kete
59:35
io on Twitter lately, if you use key on the desktop, they just
59:41
literally this morning, drop to keep Mobile Alpha, I downloaded
59:45
it. You can download it for IOS and
59:47
Android get true peer-to-peer messaging on your mobile app.
59:52
I think this is one of these you know we talk about all the time
59:55
bitcoiners building in the bear market and this is one of those
59:58
really cool. Cool software.
1:00:00
Releases that we've seen come out of this bear Market.
1:00:02
We have Noster and key and they just dropped their mobile app.
1:00:05
So all of you guys should be downloading key.
1:00:09
And let's let's try to spread this signal out here and get
1:00:11
more people on that peer-to-peer messaging using kitei.
1:00:17
Oh it's on Twitter but I am not exactly sure if it's on the App
1:00:21
Store you need to use their link but I do have the link here go
1:00:24
check out their Twitter account. Kitei oh looks like you can just
1:00:28
download it from the app. Store.
1:00:29
But I really like this, I think this was pretty cool.
1:00:32
I'm going to try to get as many people over here, using key.
1:00:36
But anyways, guys, if you like what we're doing, we are an
1:00:42
audio only form as well. We're on anchor.
1:00:44
We're on Spotify. We're on Apple again.
1:00:46
I think we're on every single podcasting app, but we already
1:00:49
part of the value for Value economy.
1:00:52
And so, if U stream of some SATs, if you leave some comments
1:00:55
on Fallon, I will cover them on Friday.
1:00:58
Shoutout, to all of you guys. Guys that are giving us sat
1:01:03
stream in the sets leaving this comment and also clipping us on
1:01:06
Twitter, really appreciate it. But before we go Dell,
1:01:12
Appreciate you gave us all kinds of signal.
1:01:15
Where can they find you? What, uh, what should they be
1:01:17
looking out from you and we'll call this one out, you can hear
1:01:21
me and kind of hear my writing in the simply Bitcoin essays.
1:01:25
We got one coming out real soon. The next 24 to 72 hours, I
1:01:29
believe that one should be pretty smokin hot and you can
1:01:34
catch me occasionally on Twitter if you want to find me on there,
1:01:36
you can reach out, but I'm at Delhi opera on Twitter.
1:01:41
Us go. All right guys idelle chill out
1:01:46
in the back and if you want to join us in the Twitter spaces
1:01:49
but Del appreciate everything you've done on the back, end on
1:01:54
the, on the mini docks that we're dropping, you guys are
1:01:57
really gonna like this one. We watched it this morning and
1:01:59
we were, dude, it's fire. You guys are going to like this
1:02:03
one. Anyways, you already know like,
1:02:06
subscribe. Share this content make sure
1:02:08
we're pushing the Bitcoin, only content out there some more.
1:02:11
People are getting on the Bitcoin standard it's not just
1:02:15
simply Bitcoin all the Bitcoin only content out there.
1:02:18
It needs to get spread out there and no problem bro, no problem.
1:02:24
Sorry, sorry back and doing everything all at once.
1:02:27
But you already know guys, will be back tomorrow.
1:02:29
Same time as always 12:15 p.m. eastern time but come join us on
1:02:34
Twitter spaces if you want to continue the conversation that's
1:02:38
where all the fun is. Anyways we'll see you tomorrow.
1:02:40
Peace out. Out.